Full text of Survey of Current Business : September 1997
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SEPTEMBER 1997 ^ VOLUME JJ NUMBER 9 SURVEY of CURRENTBUSINESS IN THIS ISSUE ... Comprehensive Revision of Local Area Personal Income, 1969-95 U.S. DEPARTMENT OP COMMERCE <-%»• ECONOMICS AND STATISTICS ADMINISTRATION BUREAU OF ECONOMIC ANALYSIS SEPTEMBER 1997 VOLUME JJ NUMBER 9 SURVEY of CURRENT BUSINESS SURVEY OF CURRENT BUSINESS (ISSN 0039-6222). Published monthly by the Bureau of Economic Analysis of the U.S. Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief, SURVEY OF CURRENT BUSINESS, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230. U.S. Department of Commerce William M, Daley, Secretary Economics and Statistics Administration Bureau of Economic Analysis J, Steven Landefeld, Director Subscriptions to the SURVEY OF CURRENT BUSINESS are maintained, and their prices set, by the Government Printing Office, an agency of the U.S. Congress. Postmaster: Send address changes to: Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402, Robert R Parker, Chief Statistician Jack E. Triplett, Chief Economist Hugh W, Knox, Associate Director for Regional Economics Sumiye Q. Okubo, Associate Director for Industry Accounts Gerald A. Pollack, Associate Director for International Economics The GPO order desk number is (202) 512-1800. The subscription complaint desk number is (202) 512-1806. Subscription and single-copy prices: Periodicals: $35.00 domestic, $43-75 foreign. First-class mail: $69.00. Single copy. $11.00 domestic, $13.75 foreign. Make checks payable to the Superintendent of Documents. Periodicals postage paid at Washington, DC and at additional mailing offices. (USPS 337-790). The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. Editor-in-Chief Managing Editor Manuscript Editor Graphics Designer Production Editor Douglas R, Fox Eric B, Manning M, Gretchen Gibson W. Ronnie Foster Ernestine T. Gladden THIS ISSUE of the SURVEY went to the printer on September 10,1997. It incorporates data from the following monthly BEA news releases: U.S. International Trade in Goods and Services (August 20), Gross Domestic Product (August 28), and Personal Income and Outlays (August 29). September 1997 SURVEY OF CURRENT BUSINESS TABLE OF CONTENTS Special in this issue 48 Comprehensive Revision of Local Area Personal Income, 1969-95 BEA has released revised annual estimates of personal income for local areas— counties, metropolitan areas, and BEA economic areas—for 1969-94 and new estimates for 1995. The estimates incorporate the results of the recent comprehensive revisions of the national income and product accounts and of State personal income. In general, the revisions were small; for 1994, only 3 metropolitan areas had upward revisions of more than 5.0 percent, and only 3 areas had downward revisions of more than 3.0 percent l\egular features I Business Situation In the second quarter 0/1997, real GDP increased 3.6 percent, down from a 4.9-percent increase in the first quarter; the price index for gross domestic purchases increased 0.8 percent, down from a 1.9-percent increase. Corporate profits increased $14.9 billion in the second quarter after increasing $31.8 billion in the first. In the second quarter, the Federal Government current deficit decreased $20.7 billion, to $34.8 billion, the smallest deficit since the fourth quarter 0/1979; the State and local government current surplus increased $0.6 billion, to $105.3 billion. l\eports and statistical presentations 11 Customer Satisfaction Report 12 Updated Summary NIPA Methodologies 34 Annual NIPA Revision: Newly Available Tables 37 Fixed Reproducible Tangible Wealth in the United States: Revised Estimates for 1993-95 and Summary Estimates for 1925-96 37 Errata — Continued on next page — If SURVEY OF CURRENT BUSINESS 75 Foreign Direct Investment in the United States: Detail for Historical-Cost Position and Related Capital and Income Flows, 1996 119 U.S- Direct Investment Abroad: Detail for Historical-Cost Position and Related Capital and Income Flows, 1996 D-l BEA Current and Historical Data National Data: D-2 Selected NIPA Tables D-27 Other NIPA and NiPA-Related Tables D-35 Historical Tables D-40 Domestic Perspectives D-42 Charts International Data: D-50 Transactions Tables D-56 Investment Tables D-59 International Perspectives D-61 Charts Regional Data: D-62 State and Regional Tables D-66 Charts Appendixes: D-68 Appendk A: Additional Information About BEA'S NIPA Estimates D-70 Appendix B: Suggested Reading Inside back covert BEA Information (A listing of recent BEA publications available from GPO) Back cover: Schedule of Upcoming BEA News Releases LOOKING AHEAD Revision of Annual State Personal Income. An article presenting revised annual estimates of State personal income for 1991-96 and discussing major sources of the revisions will appear in the October SURVEY. The revised estimates of State personal income will be released on September 19. Benchmark Input-Output Accounts. The 1992 benchmark input-output accounts for the U.S. economy will be presented in two upcoming articles in the SURVEY. The first article will include summary tables of the output (make) and the inputs (use) for each of 96 industries, and the second will include requirements tables for those industries. Gross Product by Industry. Revised estimates of gross product by industry for 1993 and 1994 and new estimates for 1995 and 1996 that incorporate the recent annual NIPA revision will be presented in an upcoming issue of the SURVEY. September 1997 SURVEY OF CURRENT BUSINESS September BUSINESS This article was prepared by Larry R. Moran, Daniel Larkins, Ralph W. Morris, Deborah Y. Sieff, and Ann M. Groszkiewicz. SITUATION TO the "preliminary" estimates of national income and product accounts (NIPA'S), real gross domestic product (GDP) increased 3.6 percent in the second quarter of 1997 (table i and chart i); the "advance" estimate of real GDP, reported in the August "Business Situation," had shown a 2.2-percent increase.1 The upward revision was accounted for by upward revisions to change in business inventories and to net exports of goods and services, as newly available source data replaced BEA assumptions. (The sources of the revisions are discussed in the "Revisions" section.) About three-fourths of the second-quarter increase was accounted for by final sales of domestic product, which increased 2.8 percent; inventory investment accounted for the rest. Although the i.4-percentage-point revision to real GDP growth was the largest in 3^2 years, the overall picture of the economy shown by the preliminary estimates was roughly the same as that shown by the advance estimates. Real GDP growth slowed in the second quarter from a 4.9-percent increase in the first; however, the slowdown shown by the preliminary estimates was about half that shown by the advance estimates. The slowdown was more than accounted i. Quarterly estimates in the NIPA'S are expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes are annualized. Real estimates are expressed in chained (1992) dollars. Price indexes are chain-type indexes Table 1.—Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers Billions of chained (1992) dollars 40 20 0 60 lliLlu PERSONAL CONSUMPTION EXPENDITURES I 61.7 40 20 0 40 20 llll.lllll II. FIXED INVESTMENT T I A L U I H V C O I [VI Cl^ I M • -l.ll.fllli.il 40 CHANGE IN BUSINESS INVENTORIES 0 I IV III II 60 20 1997 1996 1997 1996 Billion chained (1992)$ 100 GROSS DOMESTIC PRODUCT 80 -20 Percent change from preceding quarter Change from preceding quarter 1997 Real Product: Change from Preceding Quarter 0 [Seasonally adjusted at annual rates] Level CHART 1 III IV I 17.8 84.2 63.5 1.0 21.6 42.3 42.3 48.8 1.9 102.5 68.0 4.9 3.6 II 73.6 II -20 -40 Gross domestic product 7,165.1 Less. Exports of goods and services Plus Imports of goods and services 965.0 1,097.7 30.2 49.7 16.4 Equals: Gross domestic purchases 7,288.9 41.7 43.1 Less* Change in business inventories 77.7 4.0 16.6 -5.0 30.8 70.4 53.2 38.2 11.5 -3.0 61.7 11.9 29.6 Equals: Final sales to domestic purchasers 7,206.3 26.5 Personal consumption expenditures Nonresidential fixed investment Residential investment Government consumption expenditures and gross investment Federal State and local 4,830.0 838.5 278.0 29.6 -3.1 Addendum: Final sales of domestic product 1,270.0 460.4 809.7 7,082.7 2.4 25.5 6.8 2.5 9.9 17.9 5.9 19.7 19.9 3.8 6.0 -3.6 -5.0 1.5 2.7 .3 -6.1 6.4 76.7 8.1 2.2 -1.3 -6.8 5.4 52.4 4.7 9.5 7.6 2.0 46.6 1.5 2.7 4.0 .5 3.3 5.9 -4.3 5.3 4.1 3.3 .1 -.4 16.5 -4.5 -1.1 -4.2 .7 .2 -5.2 3.3 4.5 3.0 1.0 15.4 7.1 NET EXPORTS 20 "i 0 -40 40 20 GOVERNMENT CONSUMPTION EXPENDITURES ANC GROSS INVESTMENT I 0 -5.8 2.7 3.0 3.1 6.8 1.0 2.8 NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quanffly index and the 1992 current-dollar value of the corresponding series, dwided by 100. Because the formula for the Chan-type quantity indexes uses weights of more than one period, the corresponding chaihed-doilar estimates usually are not additive. 40 -20 14.0 46.3 13.2 4.3 -20 1994 -0.41995 r 1996 1997 Based on Seasonally Adjusted Annual Rates U.S. Department of Commerce. Bureau of Economic Analysis SURVEY OF CURRENT BUSINESS 2 • September 1997 for by consumer spending, but change in business inventories and imports also contributed. In contrast, business and residential fixed investment and exports increased more in the second quarter than in the first, and government spending increased after decreasing. Real gross domestic purchases increased 3.8 percent in the second quarter after increasing 5.9 percent in the first. Consumer spending and change in business inventories accounted for the slowdown. (Unlike GDP, gross domestic purchases includes imports and excludes exports; thus, it represents purchases by U.S. residents, regardless of where the purchased goods and services are produced.) The price index for gross domestic purchases increased 0.8 percent in the second quarter— the smallest increase in 34 years—after increasing 1.9 percent in the first; the deceleration was mainly accounted for by a downturn in energy prices. The price index for GDP increased 1.5 percent after increasing 2.4 percent The smaller second-quarter increase in gross domestic purchases prices than in GDP prices reflects the sharper decline in import prices than in export prices. Selected Factors Affecting Consumer Spending Percent change 15 REAL DISPOSABLE PERSONAL INCOME' 10 5 l l l l l l l . l . l l 0 -5 J_ -10 Percent 10 I Index 110 UNEMPLOYMENT RATE' minium CONSUMER SENTIMENT' 100 90 80 70 expenditures _L _L 60 Personal consumption 1994 1995 1996 1997 1. Disposable personal income in chained (1992) dollars: seasonally adjusted annual rates. 2. AH civilian workers, seasonally adjusted. Data: U.S. Department of Labor, Bureau of Labor Statistics 3. Data: University of Michigan's Survey Research Center. U.S. Department of Commerce, Bureau of Economic Analysis Real personal consumption expenditures (PCE) increased i.o percent in the second quarter after increasing 5.3 percent in the first (table 2). Table 2.—Real Persona! Consumption Expenditures (Seasonally adjusted at annual rates] Billions of chained (1992) dollars Level Percent change from preceding quarter Change from preceding quarter 1997 1996 1997 II Personal consumption expenditures 1997 1996 I IV III II 4,830.0 6.0 38.2 81.7 11.9 629.0 223.1 73.9 51.9 292.3 119.7 -2.9 -4.5 -2.6 -1.2 2.4 -.2 5.2 -1.7 .3 1.2 4.5 3.1 20.7 5.4 2.6 -.8 10.6 5.1 -8.8 -10.3 -5.7 -2.7 4.9 -1.7 Nondurable goods Food Clothing and shoes Gasoline and oil Fuel oil and coal Other 1,449.5 688.4 273.6 115.9 10.1 362.9 2.3 -3.0 2.4 -.4 .2 3.4 7.3 1.7 -.8 .7 -.3 5.8 16.6 5.6 7.1 -.1 -.9 5.4 -8.3 -6.2 -3.5 1.2 .7 -.8 Services 2,750.9 712.0 296.2 119.9 176.2 200.0 711.2 832.1 6.3 3.0 -6.2 -4.9 -1.4 1.6 3.6 4.0 25.4 3.1 5.9 2.9 3.0 1.6 7.3 7.6 25.7 3.5 -3.7 -3.9 .1 2.3 7.3 15.9 27.0 3.7 8.2 6.1 2.2 .7 6.8 7.8 Durable goods Motor vehicles and parts 01 which New autos New trucks Furniture and household equipment Other Housing Household operation Electricity and gas Other household operation Transportation Medical care . Other . .. NOTE.—See note to taDie 1 tor an explanation of cnair.ea ('992) aoiiar series. Additional detail s shown in NIPA tables 8.5 (autos), and 8.7 (trucks). III I IV 0.5 -1.9 -7.5 -12.3 -8.4 3.6 -.7 .6 -1.7 3.7 -1.5 6.5 3.9 1.0 1.7 -8.2 -15.3 -3.2 3.3 2.1 2.0 II 3.3 5.3 1.0 3.5 -3.1 1.7 9.1 6.8 11.3 14.1 9.9 13.8 -5.6 16.1 18.6 -5.4 -16.6 -25.6 -18.1 7.1 -5.4 2.1 1.0 -1.2 2.6 -8.4 6.7 4.7 3.3 10.9 -.5 -31.4 6.2 -2.3 -3.5 -5.0 4.2 34.3 -.8 3.9 1.8 8.5 10.5 7.2 3.3 4.3 3.8 3.9 2.0 -5.0 -12.6 .3 4.8 4.2 8.1 4.0 2.1 12.0 23.1 5.3 1.3 3.9 3.8 September 1997 SURVEY OF CURRENT BUSINESS turns in food, in clothing and shoes, and in "other53 nondurable goods more than offset small upturns in gasoline and oil and in fiiel oil and coal Expenditures for services increased 4.0 percent after increasing 3.9 percent. Household operation, primarily electricity and gas, turned up sharply; "other" services, transportation, and medical care each increased less in the second quarter than in the first; and housing services increased about the same in each quarter. The sharp upturn in electricity and gas largely reflected an increase in the demand for heating as a result of cooler-than-normal spring temperatures that followed warmer-than-normal winter temperatures. The slowdown in "other" services reflected a downturn in brokerage commissions and investment counseling and a slowdown in recreational services. The slowdown in transportation was accounted for by airlines, which decreased after increasing; the downturn in airlines may have reflected an increase in fares that was due to the reinstitution of Federal taxes on airfares, which had lapsed during the first quarter. Expenditures for both durable goods and nondurable goods decreased after increasing, and expenditures for services increased about the same in both quarters. Several of the factors usually considered in analyses of PCE showed strength in the second quarter (chart 2). The unemployment rate fell from 5.3 percent to 4.9 percent, the lowest level in 24 years, and the Index of Consumer Sentiment (prepared by the University of Michigan's Survey Research Center) jumped to its highest level in over 45 years after a strong increase in the first quarter. In contrast, real disposable personal income increased 2.9 percent in the second quarter after increasing 4.6 percent in the first. Expenditures for durable goods decreased 5.4 percent after jumping 14.1 percent. Motor vehicles and parts and "other" durable goods decreased after increasing, and furniture and household equipment increased less in the second quarter than in the first. About half of the sharp downturn in motor vehicles and parts was accounted for by a downturn in purchases of new cars; in addition, purchases of new trucks (which includes recreational vehicles) decreased more in the second quarter than in the first, and net purchases of used cars and purchases of parts turned down. The slowdown in furniture and household equipment was primarily in furniture and "other durable house furnishings'* (which includes such items as clocks, lamps, and floor coverings) „ Expenditures for nondurable goods decreased 2.3 percent after increasing 4.7 percent. Down- Nonresidential fixed investment Real private nonresidential fixed investment increased 15.4 percent in the second quarter after increasing 4.1 percent in the first (table 3). The acceleration was more than accounted for by producers5 durable equipment (PDE); investment Table 3.—Real Gross Private Domestic Fixed Investment [Seasonally adjusted at annual rates] Billions of chained (1992) dollars Level Percent change from preceding quarter Change from preceding quarter 1997 1996 1997 III II Gross private domestic fixed investment Nonresidential Structures Nonresidential buildings, including farm Utilities Mining exploration shafts and wells Other Producers' durable equipment Information processing and related equipment Computers and peripheral equipment Other Industrial equipment Transportation and related equipment Of which- Motor vehicles Other Residential Single-family structures Multifamily structures . Other 25.2 838.5 193.9 147.2 29.6 28.9 13.0 4.8 4.4 4.7 -.4 .2 0 650.4 296.5 216.0 124.1 123.4 137.4 115.0 109.1 25.8 19.5 18.0 278.0 136.1 -3.1 20.6 -2.7 121.9 1997 6.3 -1.2 7.7 4.6 2.7 -.3 -.3 7.8 11.5 6.9 6.7 .8 -.3 -.3 3.8 6.1 12.4 -1.0 -.7 .2 .1 -.3 -3.0 -2.1 .5 -1.4 II 10.3 33.6 10.1 29.6 -2.0 -2.9 16.5 10.0 14.4 -5.6 8.1 -1.0 1.7 -2.0 -2 -.5 9.9 11.0 13.4 2.2 -.1 -2.2 3.9 3.6 2.2 0 1.6 .7 1.4 -.6 .2 33.8 15.1 20.2 2.6 6.6 9.9 -1.7 3.0 4.7 -.1 1.0 4.0 7.2 -4.8 19.1 35.9 56.5 23.8 -4.1 27.7 18.4 11.3 -4.5 -.8 -43.6 -1.0 II I IV III I IV 1,112.6 NOTE.-See note to table 1 for an explanation of chained (1992) dollar series. Additional detail is shown in NIPA tables 5.5, 8.5 (autos), and 8.7 (trucks). 1996 3.0 5.9 3.9 13.1 4.1 15.3 20.3 12.2 -9.7 4.4 -24.7 15.4 -3.9 -7.5 21.6 -4.1 -17.8 -19.2 -53.1 19.9 2.6 9.6 6.7 23.8 23.3 48.2 32.5 -<3.2 -2.2 .8 .3 -1.4 -4.3 -5.9 12.8 -4.8 -2.1 17.2 32.9 7.6 -.3 -6.8 14.5 14.9 3.3 0 41.1 2.3 8.9 24.3 34.9 -5.7 11.8 7.1 -.3 20.8 14.3 SURVEY OF CURRENT BUSINESS 4 • September 1997 in structures decreased more than in the first quarter. Factors that affect investment spending have been generally favorable in recent quarters. Real final sales of domestic product have increased 2.6 percent over the past four quarters. Domestic corporate profits have increased at an annual rate of 7.9 percent over the same period. The capacity utilization rate in manufacturing has hovered near 82.5 during most of the period, and long term interest rates have stayed relatively low; for example, the yield on high grade corporate bonds has remained in the /.s-S.o-percent range. PDE increased 23.8 percent after increasing 6.7 percent. The strength was evident across all the major types of equipment. Transportation equipment increased after a decrease; the upturn was more than accounted for by aircraft. Industrial equipment increased after little change. Information processing equipment increased more than in the first quarter; computers and peripheral equipment accounted for the step-up. "Other" PDE (which includes such items as agricultural machinery, tractors, furniture and fixtures, and electrical equipment) increased about as much as in the first quarter. Structures decreased 3.9 percent after decreasing 2.1 percent. The larger second-quarter decrease mainly reflected a downturn in nonresidential buildings, but it also reflected a larger decrease in the second quarter than in the first CHART 3 in mining exploration, shafts, and wells. Utilities increased after decreasing. Residential investment Real residential investment increased 7.1 percent in the second quarter after increasing 3.3 percent in the first (table 3). The acceleration was more than accounted for by "other" residential investment.2 Single-family construction changed little, and multifamily construction slowed. "Other" residential investment increased 14.3 percent after increasing 2.3 percent. The acceleration was attributable to increases in home improvements, brokers' commissions on home sales, mobile home sales, and other residential structures. The increase in brokers' commissions reflected an increase of 36,000 units (seasonally adjusted annual rate) in home sales; an increase of 76,000 units in sales of existing residences was partly offset by a drop of 39,000 units in sales of new residences. The increase in home sales occurred despite a slight increase in the commitment rate on 30-year, fixed-rate mortgages from 7.79 percent to 7.92 percent (chart 4). Single-family structures decreased 0.3 percent in the second quarter after no change in the first. Multifamily construction increased 20.8 percent after increasing 41.1 percent. i. "Other" residential investment includes home improvements, new mobile home sales, brokers' commissions on home sales, residential equipment, and other residential structures, which consists of dormitories, fraternity and sorority houses, and nurses' homes. CHART 4 Housing Starts Selected Interest Rates Millions of units Percent 2.0 12 Total 1.5 1.0 10 Prime Rate Single Family' 'Mortgage Commitments 0.5 ,' Multifamily. 1994 1995 1996 1997 Seasonally Adjusted at Annual Rates Data: Bureau of the Census US. Department of Commerce, Bureau ol Economic Analysis ^3-Month Treasury Bills ill 1994 1995 1996 Data: Federal Reserve Board U.S. Department of Commerce, Bureai of Economic Analysis 1997 September 1997 * 5 SURVEY OF CURRENT BUSINESS Inventory investment inventories other than those held by motor vehicle dealers. Inventories of motor vehicle dealers decreased for the third consecutive quarter. The slowdown in "other" nonfarm inventories was primarily in inventories of the nondurable goods industries.3 Farm inventories increased $7.4 billion after increasing $5.3 billion. Inventories of crops increased more than in the first quarter, and inventories of livestock decreased less than in the first quarter. Based on the preliminary estimates, the ratio of real nonfarm business inventories to real final sales of domestic business increased from 2.26 in the first quarter to 2.28 in the second, unrevised from the advance estimates. A different ratio, in which final sales are limited to goods and structures, increased to 4.12 from 4.08. Real inventory investment—that is, the change in business inventories^-increased $14.0 billion in the second quarter after increasing $30.8 billion in the first (table 4). The second-quarter increase mainly reflected a step-up in nonfarm inventory accumulation. Nonfarm inventories increased $704 billion after increasing $58.3 billion. The step-up was attributable to faster accumulation of manufacturing inventories, retail trade inventories, and wholesale trade inventories,, In contrast, "other" nonfarm inventories increased less than in the first quarter,, In manufacturing, inventories in both the durable goods and nondurable goods industries increased more in the second quarter than in the first. In the durable goods industries, the pickup was accounted for by an upturn in electronic machinery and by an acceleration in industrial equipment. In the nondurable goods industries, the pickup was primarily accounted for by an acceleration in chemical products and an upturn in apparel productsThe step-up in wholesale trade was accounted for by an acceleration in inventories of the durable goods industries, primarily professional and commercial equipment and machinery equipment. In contrast, inventories of nondurable goods industries increased less than in the first quarter. In retail trade, inventories in the nondurable goods industries increased after decreasing, and inventories in the durable goods industries increased more in the second quarter than in the first. In the nondurable goods industries, the upturn was accounted for by upturns in apparel stores, other general merchandise stores, and department stores. In durable goods industries, the pickup was more than accounted for by Exports and imports Real exports of goods and services increased 19.7 percent in the second quarter after increasing 9.9 percent in the first (table 5). Real imports of goods and services increased 19.9 percent after increasing 17.9 percent. Real exports of goods increased 28.0 percent after increasing 12.6 percent. Agricultural exports turned up, and nonagricultural exports increased more than in the first quarter. Much of the stepup in nonagricultural exports was accounted for by nonautomotive capital goods, as exports of "other" capital goods, of aircraft, and of computers all increased more than in the first quarter.4 Industrial supplies and materials and nonautomotive consumer goods also contributed to the 3. "Other" nonfarm inventories includes inventories held by mining, construction, public utilities, transportation, communication, and service industries. 4. Exports and imports of nonautomotive capital goods include both parts and equipment. However, parts are not included either in the producers' durable equipment component of business fixed investment or in the equipment component of government investment. Table 4.—Real Change in Business Inventories [Billions of chained (1992) dollars; seasonally adjusted at annual rates] Level Change from preceding quarter 1996 II Change in business inventories 21.3 4.2 Nonfarm Manufacturing Wholesale trade Retail trade Other NOTE.-See note to table 1 for an explanation of chained (1992) dollar series. Chained (1992) dollar levels and residuals are found in NIPA table 5.11. 17.3 .6 5.5 7.8 3.4 1997 I IV III 37.9 6.5 31.6 14.3 -5.0 20.0 2.3 32.9 6.4 26.5 12.3 9.4 .9 3.9 63.7 5.3 58.3 20.9 22.9 .6 13.7 1997 1996 II IV III 77.7 7.4 70.4 30.0 24.3 9.7 6.4 -6.0 16.6 -.1 2.3 14.3 13.7 -10.5 12.2 -1.1 I 1 -5.1 -2.0 14.4 -19.1 1.6 II 30.8 14.0 -1.1 31.8 8.6 13.5 -.3 9.8 2.1 12.1 9.1 1.4 9.1 -7.3 6 • September 2997 SURVEY OF CURRENT BUSINESS step-up in nonagricultural exports. In contrast, exports of autos increased less than in the first quarter. Exports of services increased i.o percent after increasing 3.7 percent; the slowdown reflected downturns in travel and in passenger fares that were partly offset by upturns in transfers under U.S. military agency sales contracts and in "other" transportation. Real imports of goods increased 22.5 percent after increasing 16.7 percent. Most categories of imports contributed to the step-up. Sizable step-ups were posted by nonautomotive capital goods, nonautomotive consumer goods, and industrial supplies and materials; imports of petroleum turned up. In contrast to the strength in these components, imports of autos turned down. Imports of services increased 7.5 percent after increasing 24.2 percent; much of the deceleration was accounted for by a slowdown in travel and by a downturn in passenger fares,, Government spending Real government consumption expenditures and gross investment increased 3.1 percent in the second quarter after decreasing 0.4 percent in the first (table 6). Federal Government spending turned up, but State and local government spending increased less in the second quarter than in the first. Federal defense spending increased 7.6 percent after decreasing 11.8 percent. Consumption expenditures increased after decreasing; the upturn was accounted for by services other than compensation of employees and consumption of fixed capital and by durable goods, mainly aircraft. Investment increased after decreasing substantially; the upturn was accounted for by equipment—mostly by "other" equipment, ships, and missiles. Federal nohdefense spending increased 5.3 percent after increasing 8.0 percent. The slowdown Table 5.—Real Exports and Imports of Goods and Services Percent change from preceding quarter Billions of chained (1992) dollars Change from preceding quarter Level 1997 1996 II Exports of goods and services 50.2 683.2 239.5 gww» Imports of floods and services Sorts 1_ : Petroleum and products Nonpetroleum products Services . 1,097.7 937.7 . Addendum: Net exports of goods and services 49.7 43.2 4.9 37.9 II 21.6 20.0 -4.0 25.6 42.3 43.7 2.1 .6 7.4 1997 2.5 42.3 33.8 -1.8 37.0 48.8 46.4 870.1 161.3 28.2 .5 .7 8.4 1.9 13.1 1.5 .3 -26.3 33.3 -20.7 II I 25.5 30.7 49.2 29.0 13.5 13.2 15.7 10.6 16.1 6.8 7.7 -19.6 1.2 2.1 2.9 -132.7 IV 2.5 41.6 16.4 15.8 -3.5 20.4 9.9 12.6 -27.6 17.7 19.7 28.0 22.3 28.6 1.0 3.7 17.9 16.7 19.9 22.5 40.5 21.0 -6.4 30.2 30.0 1.6 67.7 . III I IV 4.0 3.8 1.4 2.1 .1 965.0 729.9 Agricultural goods Nonaaricultural aoods Services I1WIIM9IIVMI«*IMI III 1996 1997 5.5 40.4 11.0 -10.8 20.0 24.2 7.5 NoiE.-See note to table 1 for an explanation of chained (1992) dollar series. Additional detail is shown in NIPA table 4.4. Table 6.—Real Government Consumption Expenditures and Real Gross Investment by Type [Seasonally adjusted at annual rates] Percent change from preceding quarter Billions of chained (1992) dollars Level Change from preceding quarter 1997 II Government consumption expenditures and gross investment Federal III II I IV III 1996 1997 1997 1996 1,270.0 -3.6 0.3 -1.3 9.5 -1.1 II I IV 0.1 -0.4 3.1 6.8 460.4 -5.0 -6.1 -6.8 7.6 •42 -5.2 -5.8 National defense .. Consumption expenditures Gross investment 309.5 274.0 -3.8 5.6 3.7 2.0 -11.8 -.5 -27.5 -7.1 -5.2 -3.5 -9.7 -4.1 -5.7 -4.6 35.5 -5.8 -3.7 -2.2 -19.4 -46.9 25.9 Nondefense Consumption expenditures Gross investment 150.4 128.3 -1.2 -1.9 -.3 .5 2.8 2.6 .2 1.9 .6 1.5 -3.2 -5.8 16.0 1.6 -16.8 8.0 8.5 4.0 31.9 State and local Consumption expenditures Gross investment -.3 -1.0 -5.8 7.6 5.6 5.3 1.9 22.3 .8 809.7 1.5 6.4 5.4 2.0 .7 3.3 2.7 1.0 664.3 145.4 1.5 -.1 2.1 4.4 3.3 2.1 3.2 .9 -.1 1.3 2.0 6.0 -3.3 NOTE.-See note to table 1 for an explanation of chained (1992) dollar series. Additional detail is shown in NIPA table 3.8B. -1.0 -1.2 13.1 1.9 September 1997 • 7 SURVEY OF CURRENT BUSINESS was attributable to a deceleration in consumption expenditures. Investment increased more in the second quarter than in the first; the acceleration was accounted for by equipment. State and local government spending increased i.o percent after increasing 2.7 percent. Investment decreased after increasing, reflecting a downturn in structures, and consumption expenditures changed little. (For more detailed information on government spending, see the "Government Sector,") Revisions As noted earlier, the preliminary estimate of a 3.6-percent increase in real GDP in the second quarter is 1.4 percentage points higher than the advance estimate (table 7); for 1976-96, the average revision, without regard to sign, was 0.5 percentage point from the advance estimate of real GDP to the preliminary estimates The upward revision to GDP reflected upward revisions to change in business inventories, to exports of goods and services, to producers' durable equipment, and to personal consumption expenditures and a downward revision to imports of goods and services. Government spending was revised down. The preliminary estimate of the increase in the price index for gross domestic purchases is 0.8 percent, 0.2 percentage point higher than the advance estimate, and the preliminary estimate of the increase in the price index for GDP is 1.5 percent, o.i percentage point higher than the advance estimate. The upward revision to exports of goods and services was more than accounted for by goods and reflected the incorporation of newly available Census Bureau data for June and revised data for May. The upward revision to change in business inventories was more than accounted for by wholesale trade and manufacturing. The revisions to wholesale trade and to manufacturing primarily reflected the incorporation of newly available Census Bureau data on the value of inventories for June. The upward revision to PDE reflected the incorporation of newly available data on manufacturers' shipments of machinery and equipment and on exports and imports of machinery and equipment. The upward revision to PCE was accounted by services and reflected the incorporation of newly available data on the use of electricity. The downward revision to imports of goods and services was accounted for by goods and reflected the incorporation of newly available Census Bureau data for June. The preliminary estimate of real disposable personal income increased 2.9 percent in the second quarter, o.i percentage point lower than the advance estimate; current-dollar personal income was revised down slightly, and personal tax and nontax payments were unrevised. The preliminary estimate of the personal saving rate, at 4.2 percent, was unrevised from the advance estimate,, Table 7,—Revisions to Real Gross Domestic Product and Prices, Second Quarter 1997 Percent change from preceding quarter Advance estimate 2.2 Gross domestic product Less: Exports of goods and services Goods Services 14.4 19.9 1.7 Plus1 Imports of goods and services Goods Services 21.8 24.8 Preliminary estimate 3.6 19.7 28.0 1.0 19.9 22.5 Preliminary estimate minus advance estimate Percent- age points 1.4 25.4 5.3 8.1 -.7 10.9 11.9 -1.9 -2.3 -.4 -4.3 -4.4 .1 7.2 Personal consumption expenditures Durable goods Nondurable goods Services : 7.5 .3 3.1 Equals: Gross domestic purchases 3.8 .7 1.0 .2 .3 -.2 .3 2.1 .5 -.6 2.1 .7 .3 1.7 .7 .8 -5.7 -2.1 3.7 Fixed investment . Nonresidential Structures Producers' durable equipment Residential 12.4 15.1 2.3 20.4 5.6 -5.4 -2.3 4.0 13.1 15.4 -3.9 23.8 7.1 -6.2 3.4 1.5 Change in business inventories Nonfarm Farm Billions of chained (1992) dollars 12.0 -3.1 4.5 .9 10.9 9.7 1.3 . Government consumption expenditures and gross investment .... Federal National defense Nondefense State and local Addenda: Final sales of domestic product Gross domestic purchases price index 1 GDP orice index l 3.8 8.4 4.6 1.3 3.1 6.8 7.6 5.3 1.0 1.9 .6 1.4 2.8 .8 1.5 10.3 -.7 -1.6 -2.7 .7 -.3 .9 .2 .1 -2.3 -1.6 -1.9 .3 -.7 14.7 1. Based on chained-type annual (1992) weights. NOTE.—The preliminary estimates for the second quarter of 1997 incorporate the following revised or additional major source data that were not available when the advance estimates were prepared. Personal consumption expenditures: Revised retail sales for May and June, consumers' share of new-car purchases for June, consumers' share of new-truck purchases for June, used car sales for the quarter, hospital expenses for April, and residential elecNonresidentiai fixed investment: Construction put in place for April and May (revised) and June, manufacturers' shipments of machinery and equipment for May and June (revised), andexports and imports of machinery and equipment for May (revised) and June. Residential fixed investment: Construction put in place for April and May (revised) and June. Change in business inventories: Manufacturing inventories for May (revised) and June, and retail trade and wholesale trade inventories for May (revised) and June. Exports and imports of goods and services: Exports and imports of goods for May (revised) and June. Government consumption expenditures and gross investment: Monthly Treasury Statement detailed data for June, Department of Defense detailed financial reports for the quarter, State and local government construction put in place for April and May (revised) and June, and State and local government employment for May and June (revised). Wages and salaries: Employment, average hourly earnings, and average weekly hours for May and June (revised). GDP prices: Detailed merchandise export and import price indexes for April through June (revised), values and quantities of petroleum imports for May (revised) and June, and housing prices for the second quarter. 8 • September 1997 SURVEY OF CURRENT BUSINESS Corporate Profits Profits from current production increased $14.9 billion in the second quarter after increasing $31.8 billion in the first (table 8).5 Profits of domestic industries increased $13.7 billion after increasing $41.9 billion. Profits of financial corporations were unchanged after a strong increase; profits of nonfinancial corporations increased about as much as in the first quarter. For nonfinancial corporations, the second-quarter increase in profits reflected increases in both real output and in unit profits. Profits from the rest of the world increased $1.3 billion after decreasing $10.1 billion; receipts turned up, and payments slowed.6 Cash flow from current production, a profits related measure of internally generated fimds available for investment, increased $10.7 billion after increasing $4.3 billion. The ratio of cash 5. Profits from current production is estimated as the sum of profits before tax, the inventory valuation adjustment, and the capital consumption adjustment; it is shown in NIPA tables 1.9,1.14,1.16, and 6.i6c as "corporate profits with inventory valuation and capital consumption adjustments." 6. Profits from the rest of the world is calculated as (i) receipts by U.S. residents of earnings from their foreign affiliates plus dividends received by U.S. residents from unaffiliated foreign corporations minus (2) payments by U.S. affiliates of earnings to their foreign parents plus dividends paid by U.S. corporations to unaffiliated foreign residents. Table 8.—Corporate Profits flow to nonresidential fixed investment, an indicator of the share of the current level of investment that could be financed by internally generated funds, decreased to 82.2 percent from 83.9 percent. These levels are near the midpoint of the range in which the ratio has fluctuated during most of this decade. Industry profits.—Industry profits increased $13.1 billion after increasing $28.5 billion.7 For domestic financial corporations, profits were flat after a sharp first-quarter increase that partly reflected a rebound from a special assessment in the fourth quarter on thrift institutions to recapitalize the Savings Association Insurance Fund. For domes^ tic nonfinancial corporations, profits increased about as much as in the first quarter, as an upturn in manufacturing profits was largely offset by a slowdown in retail trade profits and by a downturn in profits in the transportation and public utilities group. Related measures.—Profits before tax (PBT) increased $8.9 billion after increasing $28.4 billion. The difference between the $19.5 billion slowdown in PBT and the $16.9 billion slowdown in profits from current production was more than accounted for by inventory profits, which decreased after changing little.8 [Seasonally adjusted at annual rates] Level 1997 II Government Sector Change from preceding quarter The combined current surplus of the Federal Government and State and local governments increased $21.4 billion in the second quarter, to $70.6 billion (table 9).9 In the second quarter, the surplus as a share of GDP was at its highest level 1997 I II Billions of dollars Profits from current production Domestic industries Financial Nonfinancial Rest of the world Receipts (inflows) Payments (outflows) 794.5 695.9 106.8 589.0 98.7 -10.1 144.6 -2.7 46.0 IVA CCAdj Profits before tax Profits tax liability Profits after t a x 31.8 41.9 28.3 13.7 7.6 69.6 ... 717.3 244.4 473.0 Cash flow from current production 689.6 Corporate profits with IVA Domestic industries Financial Nonfinancial Rest of the world 725.0 626.3 116.6 509.7 98.7 7.5 .2 3.3 28.4 15.2 13.2 4.3 28.5 38.7 28.4 10.2 -10.1 14.9 13.7 0 13.6 1.3 4.7 3.5 4.1 1.9 8.9 3.2 5.8 10.7 13.1 11.8 .1 11.7 1.3 Dollars Unit price, costs, and profits of nonfinancial corporations: Unit price Unit labor cost . Unit nonlabor cost Unit orofits from current oroduction 1.070 0.004 .697 .229 .144 -.001 0.001 0 0 .001 .001 .004 NOTE-Additional detail and other profits series are shown in NIPA tables 1.14,1.16, 6.16C, and 7.15. IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 7. Industry profits, which are estimated as the sum of corporate profits before tax and the inventory valuation adjustment, are shown in NIPA table 6.i6c. Estimates of the capital consumption adjustment do not exist at a detailed industry level; they are available only for total financial and total nonfinancial industries. 8. In periods of changing prices, companies that value inventory withdrawals at original acquisition (historical) costs may realize inventory profits or losses. Inventory profits, a capital gains like element in profits, result from an increase in inventory prices, and inventory losses, a capital loss like element in profits, result from a decrease in inventory prices. In the NIPA'S, inventory profits or losses are shown as "adjustments" to business income (corporate profits and proprietors' income); they are shown as the inventory valuation adjustment with the sign reversed. 9. The Government sector estimates in the NIPA'S are derived from financial statements for the Federal Government and State and local governments but differ from them in several respects. For example, one difference is that NIPA transactions for each sector are recorded on a timing basis that is most appropriate for that sector, so transactions between the government sector and the household sector are recorded on a cash basis, whereas transactions between the government and the business sectors are recorded on an accrual basis. Another difference is that the NIPA treatment of government investment in fixed assets and the cost of using these assets is symmetrical with the treatment of fixed investment in the private sector; consequently, purchases of these assets are not recorded as a current expenditure, but the estimated value of the services of these assets (consumption of fixed capital) are recorded as current expenditures. In addition, transfers of nonproduced assets, such as the sale of land, are excluded from the NIPA'S, because they do not affect current production. September 1997 SURVEY OF CURRENT BUSINESS in more than 17 years. The improvement in the current surplus was almost entirely accounted for by a decrease in the Federal Government current deficit.10 Federal The Federal Government current deficit decreased $20.7 billion, to $34.8 billion, in the second quarter after decreasing $21.6 billion in the first quarter. The second-quarter deficit was the smallest since the fourth quarter of 1979. quarter increase was boosted by an increase in the social security taxable wage base. Personal tax and nontax receipts increased $23.8 billion after increasing $29.4 billion. The slowdown was mostly accounted for by "estimated income tax payments and final settlements, less refunds," which increased $9.4 billion after increasing $14.6 billion. Withheld income taxes increased $12.6 billion after increasing Table 9.—Government Sector Receipts and Current Expenditures [Billions of dollars, seasonally adjusted at annual rates] Receipts.—Federal receipts increased $36.5 billion in the second quarter after increasing $33.7 billion in the first. The acceleration resulted from a sharp upturn in indirect business tax and nontax accruals that was partly offset by decelerations in corporate profits tax accruals, contributions for social insurance, and personal tax and nontax receipts. Indirect business tax and nontax accruals increased $4.0 billion after decreasing $22.0 billion. The upturn was mostly accounted for by nontaxes, which decreased $0.5 billion after decreasing $20.5 billion; the first-quarter decrease followed the special assessment of $18.0 billion (annual rate) that was paid in the fourth quarter by thrift institutions to recapitalize the Savings Association Insurance Fund. Air transport excise taxes increased $2.7 billion after decreasing $3.1 billion; these taxes expired at the end of 1996 and were reinstated in early March 1997. Corporate profits tax accruals increased $2.7 billion after increasing $12.9 billion. The deceleration reflected the pattern of domestic corporate profits. Contributions for social insurance increased $6.1 billion after increasing $13.3 billion. The deceleration was mostly attributable to contributions for social security (old-age, survivors, disability, and health insurance), which increased $5.5 billion after increasing $11.6 billion, reflecting the slowdown in wages and salaries; the firstTables that reconcile the NIPA estimates with government financial statements will be published in the October 1997 SURVEY OF CURRENT BUSINESS. For more information, see Government Transactions, NIPA Methodology Paper Series MP-S (Washington, DC: U.S. Printing Office, November 1988); and "Preview of the Comprehensive Revision of the National Income and Product Accounts: Recognition of Government Investment and Incorporation of a New Methodology For Calculating Depreciation," SURVEY 75 (September 1995): 33-4110. In July 1997, BEA released revised NIPA estimates beginning with the first quarter of 1993. As a result of upward revisions to Federal government receipts and downward revisions to Federal and to State and local current expenditures, the combined current fiscal position of Federal and State and local governments shifted from a deficit to a surplus in the second quarter of 1996. In the previously published estimates, the shift occurred in the first quarter of 1997. Level Change from preceding quarter 1997 II Government sector Receipts Current expenditures Current surplus or deficit(-) . 1997 1996 II 2,569.8 2,499.2 III IV I II 70.1 17.8 19.1 18.8 52.3 32.2 47.6 21.6 43.2 21.8 20.1 26.0 21.4 .3 52.4 131.8 -61.2 47.6 -4.7 17.8 -2.1 28.1 19.5 1,711.8 Social insurance funds Other 70.6 57.5 14.8 43.0 33.7 36.5 770.7 207.6 43.9 21.8 -4.7 18.7 23.8 -22.0 641.4 -1.7 10.2 6.9 -.5 1.5 7.0 29.4 12.9 92.2 1,746.6 15.5 2.8 20.6 4.8 5.0 2.3 1.9 Federal Government Receipts Personal tax and nontax receipts Corporate profits tax accruals Indirect business tax and nontax accruals Contributions for social insurance Current expenditures Consumption expenditures National defense Nondefense Transfer payments (net) To persons To the rest of the world Grants-in-aid to State and local governments Net interest paid Interest paid To persons and business To the rest of the world Less: Interest received by government Subsidies less current surplus of government enterprises Subsidies Of which: Agricultural subsidies Less: Current surplus of government enterprises Less* Wage accruals less disbursements Current surplus or deficit (-) Social insurance funds Other 464.2 311.3 153.0 791.6 780.7 10.9 222.5 230.2 254.4 163.6 90.8 24.3 38.1 34.3 7.5 -3.8 0 -34.8 5.1 9.1 9.6 -.5 -.1 7.9 -8.0 9.5 -3.1 -2.8 -5.6 2.6 .2 .1 0 .1 -.1 0 42.0 4.2 .3 1.5 -1.3 4.0 3.4 .7 -4.5 3.1 3.3 -3.2 6.7 .3 -.1 .1 0 .3 0 12.1 7.2 -.4 -1.7 1.4 15.8 4.7 11.0 -1.2 5.2 2.7 -2.8 5.4 -2.6 1.1 .3 .1 -.9 0 22.4 2.4 -95.0 37.7 4.9 7.2 1,080.4 22.0 -.2 8.2 2.8 -.1 .5 1.1 3.4 -.9 5.7 1.1 60.2 20.1 13.3 12.0 4.4 -1.2 5.7 8.6 21.1 -124 2.1 -2.9 -2.9 -8.0 5.2 .1 -1 .4 0 .4 0 2.7 4.0 6.1 15.8 6.2 4.9 1.3 5.7 5.2 .4 2.9 1.3 1.2 -5.1 6.2 -.1 -.3 .5 .1 .9 0 21.6 20.7 -1.9 23.5 19.2 1.5 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 Current expenditures Consumption expenditures 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 Current surplus or deficit (-) Social insurance funds Other NOTE.-Dollar levels are found in NIPA tables 3.1,3.2, and 3.3. 211.3 36.8 524.4 85.4 222.5 975.1 757.2 309.5 -64.8 14.7 -12.2 .3 12.5 0 105.3 71.6 33.7 3.9 .9 6.6 1.2 9.5 11.7 9.4 3.6 -.7 .3 -.2 0 .3 0 10.3 .5 9.9 -4.5 -1.2 11.7 10.3 8.9 3.9 -1.0 .1 -1 0 .1 0 7.4 4.0 -.8 .3 -.1 0 0 0 -11.8 -2.2 .2 -12.0 -2.2 -.1 16.0 3.6 2.4 6.9 1.1 2.1 11.6 8.4 4.5 9.5 2.6 .4 2.4 1.2 2.9 9.0 .3 .2 0 -.1 0 5.5 4.4 -.8 .4 .1 0 -.2 0 4.3 .6 -.1 4.6 .3 .2 -1.0 IO • September 1997 SURVEY OF CURRENT BUSINESS $13.2 billion, reflecting the slowdown in wages and salaries. Current expenditures,—Current expenditures increased $15.8 billion in the second quarter after increasing $12.0 billion in the first. The acceleration reflected an upturn in net interest paid and accelerations in consumption expenditures and in grants-in-aid to State and local governments that were only partly offset by a deceleration in transfer payments (net). Net interest paid increased $1.3 billion after decreasing $2.9 billion. The turnaround was mostly accounted for by gross interest paid to persons and business, which increased $1.2 billion after decreasing $2.9 billion. Consumption expenditures increased $6.2 billion after increasing $4.4 billion. The acceleration was more than accounted for by a turnaround in national defense consumption expenditures, which increased $4.9 billion after decreasing $1.2 billion. The turnaround was mostly accounted for by services, which increased $4.4 billion after decreasing $1.5 billion. Within services, upturns in weapons support, personnel support, research and development, and installation support were partly offset by a downturn in compensation of employees; employee compensation in the first quarter had been boosted by military and civilian pay raises that went into effect in January Nondefense consumption expenditures increased $1.3 billion after increasing $5.7 billion. The deceleration was mostly accounted for by services, which increased $1.3 billion after increasing $4.3 billion. The deceleration in services was mostly accounted for by a deceleration in compensation of employees, which had been boosted in the first quarter by a Federal civilian pay raise that went into effect in January. Grants-in-aid to State and local governments increased $2.9 billion after increasing $2.1 billion. The acceleration was more than accounted for by accelerations in grants for education, health care, highways, and medicaid that were only partly offset by downturns in family assistance and other grants-in-aid. Transfer payments (net) increased $5.7 billion after increasing $8.6 billion. This deceleration was more than accounted for by a deceleration in transfer payments to persons, which increased $5.2 billion after increasing $21.1 billion. Most of the deceleration in payments to persons was accounted for by social security (oldage, survivors, and disability insurance), Federal civilian pensions, and veterans pension benefits; the first-quarter increases in these programs reflected a 2.9-percent cost-of-living adjustment that went into effect in January. In addition, the first-quarter growth in transfer payments to persons was boosted by a $4.4 billion increase in earned income tax credits. Transfers to the rest of the world increased $0.4 billion after decreasing $12.4 billion; the first-quarter decrease had followed a large fourth-quarter increase that included a $9.6 billion (annual rate) payment to Israel. State and local The State and local government current surplus increased $0.6 billion, to $105.3 billion, in the second quarter after increasing $4.3 billion in the first. The deceleration was attributable to a deceleration in receipts. Receipts increased $9.5 billion after increasing $16.0 billion,, The deceleration was mostly attributable to decelerations in indirect business tax and nontax accruals and in corporate profits tax accruals. Indirect business tax and nontax accruals increased $2.4 billion after increasing $6.9 billion; the deceleration was more than accounted for by a downturn in sales taxes, which primarily reflected a downturn in retail sales. Corporate profits tax accruals increased $0.4 billion after increasing $2.4 billion, reflecting the pattern of domestic corporate profits. Federal grants-in-aid increased $2.9 billion after increasing $2.1 billion. Current expenditures increased $9.0 billion after increasing $11.6 billion. The deceleration was more than accounted for by consumption expenditures, which increased $5.5 billion after increasing $8.4 billion. H September 1997 SURVEY OF CURRENT BUSINESS Customer Satisfaction Report IN THE PAST year, the Bureau of Economic Analysis has continued to improve the services that we provide to you, our customers. Through telephone calls, correspondence, E-mail, and our participation in various conferences, we have listened to your comments and suggestions, and we have used that information to improve how, when, and what services we provide for Improved programs. —The most important service that we provide to you is timely, accurate, and relevant measures of U.S. economic activity. As part of our strategic plan, we have instituted the following improvements in the Nation's economic accounts. National accounts • Released revised national income and product accounts (NIPA) estimates for 1929-58 that incorporated the improvements introduced earlier into the estimates for 1959 forward • Released revised estimates of fixed reproducible tangible wealth for 1929-95 that were based on the use of geometric patterns of depreciation for most types of assets Regional accounts • Released comprehensive revisions of State personal income and of local area personal income that incorporated the improvements made in the recent comprehensive NIPA revision • Completed a comprehensive revision of gross state product (GSP) that included the introduction of chain-type measures of real GSP and the new treatment of government investment International accounts • Incorporated the results of the first benchmark survey in 50 years of the stock of U.S. portfolio investment abroad into the annual revision of the balance of payments accounts • Developed experimental estimates of real gross product of majority-owned foreign affiliates in manufacturing that were based on "purchasingpower-parity" exchange rates and that used chained-type Fisher quantity indexes Data availability. —We introduced a new statistical section, the "BEA Current and Historical Data," in the December 1996 SURVEY OF CURRENT BUSINESS. This section presents charts and tables that highlight key estimates from the national, regional, and international accounts. Electronic access to BEA information. —Although our Web site is one of the "best sources for busy people looking for interesting, well-organized, reliable information" according to The Education Index, you wanted our data available quicker and in more detail on the Web site. In response, our site now includes • The full text of all BEA news releases within 4 hours of their release, • More historical time series from the NIPA'S, • Downloadable files of the forms used in the surveys of international investment, and • Major articles from the SURVEY OF CURRENT BUSINESS. This year, BEA joined with other Federal statistical agencies in launching FEDSTATS (http://fedstats.gov), a Web site that provides easy access to a range of statistics and information produced by BEA and more than 70 Government agencies- In addition, our data continue to be available on the Internet at STAT-USA and at the White House Federal Statistics Briefing Room, You also wanted information to be made available in other forms of electronic media. In response, we released the first "State Personal Income CD-ROM," so that the estimates for all States for 1969-95 are available on a single disc. Our new order-processing operation.—We have implemented a new centralized order-processing operation that will better serve your needs. The new operation includes the following features0 • You can now place Visa and MasterCard orders for all of our standard products by calling one number, our new toll-free number i800-704-0415 (outside the United States, dial 202-606-9666). « Our new computerized system allows us to take your order faster, to provide information on the status of your order, and to automatically send you an itemized invoice. • We now offer express delivery. Access to our staff.—Our Web site provides you with quick, easy access to our staff. In fact, our webmaster and technical staff receive numerous inquiries via E-mail. In addition, we regularly update "BEA'S Telephone Contacts for Data Users" and post it on our Web site so you'll know who to contact. We look forward to hearing from you in the coming year. Help us keep the lines of communication open. Send your comments to Public Information Office, BE-53 Bureau of Economic Analysis U.S. Department of Commerce Washington, DC 20230 Telephone: 202-606-9900 Fax: 202-606-5310 E-mail: webmaster@bea.doc.gov Web site: http://www.bea.doc.gov 11 SURVEY OF CURRENT BUSINESS 12 September 2997 Updated Summary NIPA Methodologies THIS REPORT PRESENTS summary descriptions of the principal source data and estimating methods used to prepare the current-dollar estimates of gross domestic product (GDP) and the estimates of real GDR1 These descriptions have been updated to reflect the methodological improvements that were introduced in the annual revision of the national income and product accounts (NIPA'S) that was released in July i997>2 Current-dollar estimates Table i lists the components of current-dollar GDP starting with the components on the product side and proceeding to those on the income side. The subcomponents, with their dollar values for 1996, are grouped according to the methodology used to prepare them. The column for the annual estimates covers the revision cycle for those estimates and notes the major differences in methodology as the estimates move through the three annual revisions to a benchmark revision.3 For example, for "most goods" in personal consumption expenditures (the first item on the product side), the table indicates one methodology for benchmark years and another for all other years. The column for the quarterly estimates covers only the advance estimate for the current quarter—that is, the estimate prepared about a month after the end of the quarter. That estimate, rather than the preliminary or final quarterly estimate, is described because more attention focuses on the "first look" at the quarter. In addition, the column lists only the source data and methods; it does not indicate how many months of source data are available or whether the data are subject to revision by the source agency. Information on the key monthly source data appears each month in the "Business Situation" in the SURVEY OF CURRENT BUSINESS. Additional information on the monthly source data used for the advance estimate is available online from the Department of Commerce's Economic Bulletin Board.4 The source data listed consist of a variety of economic measures, such as sales or receipts, wages and salaries, unit sales, housing stock, insurance premiums, expenses, interest rates, mortgage debt, and tax collections. For most components, the source data 1. BEA has prepared a series of papers that provide detailed descriptions of NIPA concepts and methodologies. The methodologies described in these papers are subject to periodic improvements, which are typically introduced as part of annual and comprehensive revisions; these improvements are described in the articles in the SURVEY OF CURRENT BUSINESS that cover these revisions. For more information; see appendix B at the back of this issue. 2. See "Annual Revision of the National Income and Product Accounts," SURVEY 77 (August 1997): 6-32. 3. For additional details on the release schedule for the NIPA estimates, see "A Look at How BEA Presents the National Income and Product Accounts," SURVEY 76 (May 1996): 33-37. 4. For information about the Economic Bulletin Board, call STAT-USA at 1-800-782-8872. are "value data"; that is, they encompass both the quantity and price dimensions that are required for current-dollar estimates. In these cases, the methodology indicated in table i covers only the adjustment of the value data to derive estimates consistent with NIPA definitions and coverage. For those estimates not derived from value data, the table indicates the combination of data with separate quantity and price dimensions that is used to derive the required value estimate and the major adjustments needed to derive estimates consistent with NIPA definitions and coverage. On the product side, a "physical quantity times price" method is used for several components. For example, the estimate for new autos is calculated as unit sales times expenditure per auto (the average list price with options, adjusted for transportation charges, sales tax, dealer discounts, and rebates). On the income side, an "employment times earnings times hours" method and variations of a "stock of assets/liabilities times an effective interest rate" method are used for several components. Some of the source data shown in table i for the annual estimates are used as indicators to interpolate and extrapolate the levels established by source data that are more comprehensive, and all of the source data shown for the advance quarterly estimates are used to extrapolate the level of the preceding quarter. In addition, extrapolation and interpolation may be based on trends, as is the case when "judgmental trend" is listed in the table.5 Estimating methods.—Table i refers to four methods— commodity flow, retail control, perpetual inventory, and fiscal year analysis—used by BEA for estimating specific components. The commodity-flow method is used to obtain the value of final users' purchases of goods and services (that is, commodities) for BEA'S benchmark input-output accounts. These values serve as the benchmark for the NIPA estimates of personal consumption expenditures (PCE), of producers' durable equipment (PDE), and of the commodity detail for State and local government consumption expenditures and gross investment.6 This method is also used for PDE in nonbenchmark years, but it is implemented in an abbreviated form. An even more abbreviated commodity-flow method is used for current quarterly estimates of PDE. 5. For a few components, the final quarterly estimates are based on newly available source data that replace judgmental trends. 6. For additional information on the commodity-flow method, see U.S. Department of Commerce, Bureau of Economic Analysis, Personal Consumption Expenditures, Methodology Paper Series MP-6 (Washington, DC: U.S. Government Printing Office, 1990): 31-34; and U.S. Department of Commerce, Bureau of Economic Analysis, GNP: An Overview of Source Data and Estimating Methods, Methodology Paper Series MP-4 (Washington, DC: U.S. Government Printing Office, 1987): 16-17. SURVEY OF CURRENT BUSINESS The retail-control method is used to estimate over one-third of the value of PCE for periods other than benchmark years. This method provides the indicator series used in extrapolating and interpolating the total of "most goods" and the "control" total to which the PCE categories and residential PDE included in this group must sum. These PCE categories consist of all goods except autos and trucks, food furnished to employees, food and feel produced and consumed on farms, standard clothing issued to military personnel, school lunches, and net foreign remittances.7 The perpetual-inventory method is used to derive estimates of fixed capital stock, which in turn form the basis for the estimates of consumption of fixed capital This method is based on investment flows and a geometric depreciation formula; it is used instead of direct measurement of the capital stock because direct measurement is oseldom statistically feasible on a comprehensive basis. The fiscal year-analysis method provides the framework for the annual and quarterly estimates of Federal Government consumption expenditures and gross investment. The estimates of expenditures are prepared by program—that is, by activity for a group of line items or for an individual line item in the Budget of the U.S. Government For most programs, the fiscal year analysis begins by adjusting budget outlays for coverage and for netting and grossing differences between these outlays and NIPA expenditures. The expenditures total (as adjusted) for a program is then classified by type of NIPA expenditure—for example, transfer payments and interest paid—with nondefense consumption expenditures and gross investment determined residually. When a fiscal year analysis is completed, the detailed array of NIPA expenditures by program and by type of expenditure serves as a set of control totals for the quarterly estimates.9 Balance of payments accounts.—The source data for the foreign transactions reflected in most NIPA components—such as net exports of goods and services and rest-of-the-world corporate profits—are the balance of payments accounts (BPA'S), which are also prepared by BEA.IQ As noted in table i, for some NIPA components, the BPA estimates are adjusted to 7. For additional information, see Personal Consumption Expenditures, 41-54; and GNP: An Overview, 17. 8. For additional information on the perpetual-inventory method, see U.S. Department of Commerce, Bureau of Economic Analysis, Fixed Reproducibk Tangible Wealth in the United States, 1925-89 (Washington, DC: U.S. Government Printing Office, January 1993): M-2-M-is; and GNP: An Overview, 17-18. For additional information on the geometric depreciation formula, see "Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95," SURVEY 77 (May 1997): 69-92. 9. For additional information and an illustration of the fiscal year-analysis method, see U.S. Department of Commerce, Bureau of Economic Analysis, Government Transactions, Methodology Paper Series MP-5 (Washington, DC: U.S. Government Printing Office, 1988): 19-20. 10. See U.S. Department of Commerce, Bureau of Economic Analysis, The Balance of Payments of the United States: Concepts, Data Sources, and Estimating Procedures, (Washington, DC: U.S. Government Printing Office, 1990). (The methodologies described in this publication are subject to periodic improvements, which are typically introduced as part of the annual revision of the BPA'S; these improvements are described in the SURVEY articles that cover September 1997 • 13 conform to NIPA concepts and definitions.11 Annual estimates of these adjustments and their definitions are shown in NIPA table 4.5, which was last published in the August 1997 SURVEY on page 82; summary quarterly estimates are shown in "Reconciliation Tables" in appendix A of the SURVEY. Other information.—In preparing the annual estimates of several of the income-side components, BEA adjusts the source data for various coverage and conceptual differences. For each subcomponent listed below, an annual NIPA table reconciles the value published by the source agency with the NIPA value published by BEA and identifies the BEA adjustments. The following is a list of the subcomponents and their corresponding reconciliation tables, which appear in this issue on pages 34-36: Wages and salaries, table 8.25; farm proprietors' income, table 8.22; nonfarm proprietors' income, table 8.21; corporate profits, table 8.23; net interest, table 8.24; and consumption of fixed capital, table 8.20. Real estimates Table 2 shows which one of three methods— deflation, quantity extrapolation, and direct base-year valuation—is used to prepare the quantity index for each detailed product-side component of real GDP and identifies the source data with which the method is implemented.12 Deflation is used for most of the detailed components. In deflation, the quantity index is obtained by dividing the current-dollar index by an appropriate price index that has the base year— currently 1992—equal to 100 and then by multiplying the result by 100. The quantity-extrapolation and direct-base-yearvaluation methods are similar in that they both use explicit quantity data. In quantity extrapolation, quantity indexes are obtained by using a quantity indicator to extrapolate from the base-year value of 100 in both directions. In direct-base-year valuation, quantity indexes are obtained by multiplying the base-year price by actual quantity data for the index period and then expressing the result as an index with the base year equal to 100. The subcomponents in table 2 are the same as those shown in table i, but the detail differs to highlight the alternative methodologies used for calculating the real estimates.13 Tables i and 2 follow. £| the annual BPA revisions, most recently in "U.S. International Transactions, Revised Estimates for 1974-96," SURVEY 77 (July 1997): 43-55-) 11. These adjustments are described in U.S. Department of Commerce, Bureau of Economic Analysis, Foreign Transactions, Methodology Paper Series MP-3 (Washington, DC: U.S. Government Printing Office, 1987): 15-25. 12. For additional information on the calculation of real GDP, see appendix A in this issue; "A Look at How BEA Presents the National Income and Product Accounts," 35-37; "BEA'S Chain Indexes, Time Series, and Measures of Long-Term Economic Growth," SURVEY 77 (May 1997): 58-68; and "Annual Revision of the National Income and Product Accounts," 29-30. 13. For the real estimates, the distinction between annual and quarterly methodologies is far less important than it is for the current-dollar estimates. For the relatively few cases in which the annual and quarterly source data differ, the major differences are noted in the entry. SURVEY OF CURRENT BUSINESS 14 • September 1997 Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996) Personal consumption expenditures Durable and nondurable goods; ($2,169.2)* ($5,207.6) Most goods (except subcomponents listed separately) ($1,821.0) New autos ($86.1) Net purchases of used autos ($55.2) New trucks ($63.7) Gasoline and oil2 ($122.6) See footnotes at end of table. Benchmark years—Commodity-flow method, starting with Same as annual for most recent year. manufacturers' shipments from Census Bureau quinquennial census and including an adjustment for exports and imports from Census Bureau foreign trade data. Other years—Retail-control method, using retail trade sales from Census Bureau annual survey or, for most recent year, monthly survey of retail trade. Physical quantity purchased times average retail price: Unit Same as annual. sales, information to allocate sales among consumers and other purchasers, and average list price with options, adjusted for transportation charges, sales tax, dealer discounts, and rebates, all from trade sources. Benchmark years—For net transactions, change in the For net transactions, residual based consumer stock of autos from trade sources. For dealers' on net sales by other sectors. For dealers' margin, unit sales of franmargin, retail sales from Census Bureau quinquennial cenchised dealers from trade source sus and margin rate from Census Bureau annual survey of and sales price from Bureau of retail trade. Labor Statistics consumer price Other years except most recent—For net transactions, same index for used cars. as benchmark years. For dealers' margin, franchised dealers' unit sales times sales price, both from trade sources, times margin rate for independent dealers from Census Bureau annual survey; independent dealers' margin from Census Bureau annual survey. Most recent year—For net transactions, same as benchmark years. For dealers' margin, for franchised dealers, unit sales and sales price from trade sources; for independent dealers, sales from Census Bureau monthly survey of retail trade. Benchmark years—Commodity-flow method, starting with Same as annual for most recent year. manufacturers' shipments from Census Bureau quinquennial census and including an adjustment for exports and imports from Census Bureau foreign trade data. Other years except most recent—Abbreviated commodity-flow method, starting with manufacturers' shipments from Census Bureau annual survey and including an adjustment for exports and imports from Census Bureau foreign trade Most recent year—Physical quantity purchased times average retail price: Unit sales and information to allocate sales among consumers and other purchasers from trade sources and average price based on Bureau of Labor Statistics consumer price index for new trucks. Benchmark years—Physical quantity purchased times average Same as annual for most recent year. retail price: Gallons consumed from the Department of Transportation, information to allocate that total among consumers and other purchasers from Federal agencies and trade sources, and average retail price from Census Bureau quinquennial census. Other years except most recent—Same as benchmark years, except average retail price from the Energy Information Administration. Most recent year—Physical quantity purchased times average retail price: Gallons consumed and average price, both from the Energy Information Administration. SURVEY OF CURRENT BUSINESS September 1997 • 15 Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996)-Continued Personal consumption expendituresContinued Durable and nondurable goods—Continued: Food furnished to employees (including military) ($8.7) Expenditures abroad by U.S. residents ($2.6) less personal remittances in kind to nonresidents ($1.2) Benchmark years—For commercial employees, number of em- For commercial employees, same as ployees of appropriate industries from Bureau of Labor Staannual for other years; for military tistics tabulations times BEA estimate of per capita expendpersonnel, judgmental trend. itures for food; for military personnel, outlays from the Budget of the United States prepared by the Office of Management and Budget Other years—Same as benchmark years, except per capita expenditures for food based on Bureau of Labor Statistics consumer price index for food. Estimated as part of the balance of payments accounts; see Judgmental trend. entry for "exports and imports of services, net," under net exports of goods and services Services: ($3,038.4) Nonfarm dwellings—space rent for owner-occupied and rent for tenant-occupied ($752.0) Rental value of farm dwellings ($6.1) Motor vehicle and other repair, other purchased intercity transportation, legal and funeral services, barbershops and beauty parlors, nursing homes, laundries, employment agency fees, accounting and tax return preparation services, recreation (except cable TV, casino gambling, parimutuel net receipts, and lotteries), hotels and motels, and other education and research ($508.1) See footnotes at end of table. Benchmark years—Based on data on housing stock and aver- Same as annual: For housing stock, judgmental trend; for average rent, age annual rent from Census Bureau decennial census of Bureau of Labor Statistics housing and residential finance survey, adjusted for utilities consumer price index for rent billed with rent Other years—Based on data on housing stock and average annual rent from Census Bureau biennial housing survey or on the number of households from Census Bureau monthly current population survey and Bureau of Labor Statistics consumer price index for rent Benchmark years—Based on data on housing stock and aver- Judgmental trend. age annual rent from Census Bureau decennial census of housing and survey of residential finance. Other years—Based on data on net value of real farm housing stock from BEA capital stock series. For nursing homes, other education Benchmark years—Receipts and expenses from Census Bureau quinquennial census adjusted for receipts from busiand research, employment agency ness and governments. fees, and clubs and fraternal orgaOther years—Receipts for spectator sports from trade nizations, wages and salaries desources; for legitimate theaters and other education and rerived from Bureau of Labor Statissearch, tabulations of wages and salaries of employees tics monthly employment times covered by State unemployment insurance from the Bureau earnings times hours; for legitimate of Labor Statistics; for others in this group, Census Bureau theaters and motion pictures, reservice annual survey. ceipts from trade sources; for radio and TV repair, number of TV's based on stock and sales from trade source times Bureau of Labor Statistics consumer price index for appliance and furniture repair; for hotels and motels, rooms rented times average price per room from trade source; for others in this group, judgmental trend. SURVEY OF CURRENT BUSINESS 16 • September Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other final or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996)-Continued Personal consumption expendituresContinued Services—Continued: For physicians and dentists, Benchmark years—For nonprofit professional services, exjudgmental trend; for other profespenses, and for others in this group, receipts, adjusted for sional medical services, wages and government consumption, all from Census Bureau quinsalaries derived from Bureau of quennial census. Labor Statistics monthly employOther years—Receipts and revenues, adjusted for government ment times earnings times hours. consumption, from Census Bureau service annual survey. For political organizations and foundaPrivate nursery, elemenBenchmark years—For religious-affiliated schools, enrollment from the Department of Education times BEA estimate of tions, judgmental trend; for others tary, and secondary in this group, wages and salaries average expenditures per pupil; for nursery schools and schools, day care, welderived from Bureau of Labor Stafare activities, and trade day care, expenditures from Bureau of Labor Statistics tistics monthly employment times consumer expenditure survey; for others in this group, reunions and professional ceipts and expenses from Census Bureau quinquennial earnings times hours. associations census. ($148.6) Other years except most recent—For nursery schools and day care, same as benchmark years; for others in this group, annual tabulations of wages and salaries of employees covered by State unemployment insurance from the Bureau of Labor Statistics. Most recent year—For nursery schools and day care, judgmental trend; for others in this group, tabulations of wages and salaries of employees covered by State unemployment insurance from the Bureau of Labor Statistics. Judgmental trend. Financial services furnished See entry for "imputed—banks, credit agencies, and investment companies" under net interest. without payment by banks, credit agencies, and 3 investment companies ($169.9) For stock brokerage charges, stock Brokerage charges and in- Years except most recent—For private higher education, exvestment counseling, exchange transactions from trade penses, and for others in this group, receipts, all from ansources; for income from sales of nual reports of government administrative agencies. bank service charges, Most recent year—For brokerage charges, bank service investment company securities, intercity transportation charges, and intercity transportation, receipts, from annual sales of open-end investment comexcept other, and private higher education reports of government administrative agencies; for private pany shares from trade source; for higher education, enrollment from the Department of Eduother brokerage charges and in($148.7) cation times price index for higher education from trade vestment counseling and for bank source. service charges, judgmental trend; for intercity transportation, receipts from trade sources; for private higher education, wages and salaries derived from Bureau of Labor Statistics monthly employment times earnings times hours. Domestic services Benchmark years—For cleaning services, receipts from CenJudgmental trend. ($12.5) sus Bureau quinquennial census; for other domestic services, number of workers times weekly hours times earnings from the Bureau of Labor Statistics. Other years—Number of workers times weekly hours times earnings from the Bureau of Labor Statistics. Physicians, dentists, and other professional medical services ($357.6) See footnotes at end of table. SURVEY OF CURRENT BUSINESS September 15)97 Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996)-Continued Personal consumption expendituresContinued Services—Continued: Public higher education and Years except most recent—For lotteries, net receipts from Same as annual for most recent year. hospitals, water and Census Bureau quinquennial census and annual surveys of other sanitary services, State and local governments, adjusted to a calendar year and lotteries basis from a fiscal year basis; for others in this group, re($157.7) ceipts from the same sources Most recent year—Judgmental trend. Insurance, private hospitals, Years except most recent—For life insurance, expenses from For life insurance, hospitals, and relireligious activities, cable trade sources; for medical and hospitalization insurance, gious activities, wages and salaries TV, utilities, and local premiums and benefits from the Health Care Financing Adderived from Bureau of Labor Statransport ministration; for other insurance, premiums and benefits tistics monthly employment times ($720.1) from trade sources; for private hospitals, receipts and exearnings times hours; for electricity and gas, projected quantities based penses from Census Bureau quinquennial census (benchmark year), and expenses from trade sources (other on degree-day data from the Nayears); for religious activities, expenses based on contributional Oceanic and Atmospheric tions and membership from trade sources; for cable TV Administration times price based on and utilities, receipts from government agencies and trade Bureau of Labor Statistics consumer price indexes for utilities; sources; for local transport, receipts from trade source. Most recent year—For life insurance, tabulations of wages for others in this group, judgmental and salaries of employees covered by State unemployment trend. insurance from the Bureau of Labor Statistics; for insurance other than life insurance, judgmental trend; for religious activities, expenses based on population from the Census Bureau and per capita disposable personal income from BEA; for local transport, passenger trips from trade source times Bureau of Labor Statistics consumer price index for intracity mass transit; for others in this group, same as other years. Foreign travel by U.S. resi- Estimated as part of the balance of payments accounts; see Same as annual. dents ($54.9) less exentry for "exports and imports of services, net/' under net penditures in the United exports of goods and services. States by nonresidents ($82.7) Various source data. Other services: Casino For casino gambling, receipts from gambling, and parimutuel State agency; for others in this net receipts; other housgroup, judgmental trend. ing except hotels and motels; bridge, etc., tolls; other household operation except repairs and insurance; travel and entertainment card fees; stenographic and reproduction services; and money orders and classified advertising ($85.0) See footnotes at end of table. l8 • September 1997 SURVEY OF CURRENT BUSINESS Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996)-Continued Fixed investment ($1,090.7) Nonresidential structures.0 ($215.2)4 Utilities: Telecommunications ($11.9) Utilities: Other ($21.4) Mining exploration, shafts, and wells ($16.1) Industrial buildings ($32.1) Other nonfarm buildings and structures ($129.7) Farm buildings ($3.7) Nonresidential producers' durable equipment: ($566.2) Equipment, except autos ($520.9) New and used autos ($45.3) See footnotes at end of table. Value put in place from Census Bureau monthly construction survey. Same as annual. Expenditures from Federal regulatory agencies and trade sources. Benchmark years—Expenditures from Census Bureau quinquennial census. Other years—For petroleum and natural gas, physical quantity times average price: Footage drilled and cost per foot from trade sources; for other mining, expenditures from Census Bureau surveys on capital expenditures. Benchmark years, except 1992—Value put in place from Census Bureau monthly construction survey and improvements from Department of Energy commercial buildings energy consumption survey. For 1992, tabulations from Census Bureau annual capital expenditure survey, adjusted for undercoverage. Other years—Value put in place from Census Bureau monthly construction survey. Benchmark years—Value put in place from Census Bureau monthly construction survey and improvements from Department of Energy commercial buildings energy consumption survey. Other years—Value put in place from Census Bureau monthly construction survey. Expenditures for new construction from Department of Agriculture surveys. Judgmental trend. For petroleum and natural gas, same as annual for other years; for mining, judgmental trend. Same as annual for other years. Same as annual for other years. Value put in place from Census Bureau monthly construction survey. Benchmark years—Commodity-flow method, starting with For trucks, see entry for "new trucks" under personal consumption exmanufacturers' shipments from Census Bureau quinquennial census and including an adjustment for exports and penditures; for others in this group, imports from Census Bureau foreign trade data. same as annual for other years but Other years—Abbreviated commodity-flow method, starting with less detail. with manufacturers' shipments from Census Bureau annual survey or, for most recent year (except aircraft and trucks), monthly survey of manufactures and including an adjustment for exports and imports from Census Bureau foreign trade data. For aircraft, manufacturers' shipments from Census Bureau current industrial report, adjusted for exports and imports. For trucks, domestic and North American imports, physical quantity purchased times average retail price: Unit sales and information to allocate sales among business and other purchasers from trade sources and average price based on Bureau of Labor Statistics producer price indexes; for truck trailers, shipments from Census Bureau current industrial report. For new autos, see entry for "new autos" under personal con- For new autos, same as annual; for sumption expenditures; for used autos, change in business used autos, judgmental trend. stock of autos at least 1 year old from trade source. SURVEY OF CURRENT BUSINESS September 1997 Table 1—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996)-Continued Fixed investmentContinued Residential investment: ($309.2)5 Permanent-site new singlefamily housing units ($159.1) Permanent-site new multifamily housing units ($20.3) Mobile homes ($12.6) Improvements ($74.4) Brokers' commissions ($36.3) Producers' durable equipment ($7.5) Change in business inventories Manufacturing and trade ($18.0) ($25.9) Other nonfarm industries ($5.0) Farm ($2.9) See footnotes at end of table. Value put in place based on phased housing starts and average construction cost from Census Bureau monthly construction survey. Value put in place from Census Bureau monthly construction survey. Benchmark years—See entry for "equipment, except autos" under nonresidential producers' durable equipment. Other years—Physical quantity shipped times price: Shipments from trade sources and average retail price from Census Bureau monthly survey. Expenditures by owner-occupants from Bureau of Labor Statistics quarterly consumer expenditure survey and by landlords from Census Bureau quarterly survey of landlords. Physical quantity times price times average commission rate: Number of single-family houses sold, mean sales price, and commission rates from Census Bureau monthly construction survey, Census Bureau biennial housing survey, and trade sources. See entry for "most goods" under personal consumption expenditures. Same as annual. Same as annual. Same as annual for other years. Judgmental trend. Same as annual. Same as annual. Benchmark years—Inventories from Census Bureau quinquen- Same as annual for most recent year. nial censuses revalued to current replacement cost, using information on the proportions of inventories reported, using different accounting methods, on the commodity composition of goods held in inventory, and on the turnover period, all from Census Bureau quinquennial censuses and surveys, combined with prices, largely based on Bureau of Labor Statistics producer price indexes. (The difference between Census Bureau change in inventories and BEA change in business inventories is the IVA.) Other years except most recent—Inventories from Census Bureau annual surveys, revalued as described above. Most recent year—For retail auto dealers, quantities times average prices from trade sources; for all other, inventories from Census Bureau monthly surveys, revalued as described above. Inventories revalued to current replacement cost (except when For electric utilities, same as annual noted as physical quantity times price) as described for for most recent year; for all others, manufacturing and trade: For years except most recent, Injudgmental trend. ternal Revenue Service tabulations of business tax returns; for most recent year, Census Bureau quarterly survey of corporations for mining, monthly quantities from the Energy Information Administration combined with Bureau of Labor Statistics producer price indexes for electric utilities, and for all others, judgmental trend. Changes in physical quantities times current prices from DeJudgmental projections by BEA and partment of Agriculture surveys. the Department of Agriculture. 2O • September 2997 SURVEY OF CURRENT BUSINESS Table 1,—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996)-Continued Net exports of goods and services (-$94.8) Exports and imports of goods, net (-$191.5) Exports and imports of services, net ($96.6) Government consumption expenditures and gross investment ($1,406.7) Federal national defense consumption of general government fixed capital ($57.3) For territorial adjustment and covEstimated as part of the balance of payments accounts: Exerage of gold, judgmental trend; for port and import documents compiled monthly by the Census Bureau with adjustments by BEA for coverage and all others, same as annual. valuation to convert the data to a balance-of-payments basis. Adjusted for balance-of-payments coverage of U.S. territories and Puerto Rico with data from the Commonwealth of Puerto Rico, the U.S. Virgin Islands, and the Census Bureau, and coverage of gold adjusted with data from the U.S. Geological Survey and trade sources. Estimated as part of the balance of payments accounts: For For territorial adjustment, judgmental government transactions, reports by Federal agencies on trend; for all others, same as antheir purchases and sales abroad; for most others in this nual. group (including travel, passenger fares, other transportation, and royalties and license fees), BEA quarterly or annual surveys (supplemented with data from other sources). Adjusted for balance-of-payments coverage of U.S territories and Puerto Rico, see entry above; adjusted to include financial services furnished without payment, see entry for "imputed—banks, credit agencies, and investment companies" under net interest, and adjusted for NIPA treatment of military grants and labor income. Perpetual-inventory calculations at current cost, based on gross investment and on investment prices. Same as annual. For components of compensation, Within a control total established by fiscal year analysis: For compensation, military wages from the Budget of the Unitemployment from the Department of Defense (military) and the Bued States prepared by the Office of Management and reau of Labor Statistics (civilian); Budget, civilian wages and benefits from the Office of Perfor other than compensation, same sonnel Management, and employer contributions for social insurance mainly from outlays from Monthly Treasury Stateas annual. ment; for other than compensation, by type, based mainly on data from Department of Defense reports. Perpetual-inventory calculations at current cost, based on Same as annual. Federal nondefense congross investment and on investment prices. sumption of general government fixed capital ($11.2) Federal national defense, except consumption of general government fixed capital ($295.4) See footnotes at end of table. SURVEY OF CURRENT BUSINESS September 1997 • 21 Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Product side (GDP of $7,636.0 billion for 1996)-Continued Government consumption expenditures and gross InvestmentContinued See footnotes at end of table. Federal nondefense, except Within a control total established by fiscal year analysis: For Commodity Credit Corporation inventory change, book valconsumption of general ues of acquisitions and physical quantities of dispositions government fixed capital ($156.1) from agency reports times average market prices from the Department of Agriculture; for financial services furnished without payment, see entry for "imputed—banks, credit agencies, and investment companies" under net interest; for compensation, civilian wages and benefits from the Office of Personnel Management and employer contributions for social insurance mainly from outlays from Monthly Treasury Statement; for petroleum sales (Naval Petroleum Reserve), distribution and price data from the Department of Energy; for research and development, obligations from the National Science Foundation and disbursements from the National Aeronautics and Space Administration; for construction, value put in place from Census Bureau monthly construction survey; for all other, outlays from Monthly Treasury Statement State and local compensa- For wages and salaries, tabulations of wages and salaries of tion of general governemployees covered by State unemployment insurance from the Bureau of Labor Statistics; for employer contributions ment employees, except force-account construcfor social insurance, tabulations from the Social Security tion Administration, other agencies administering social insur($547.2) ance programs, and Census Bureau surveys of State and local government retirement funds, adjusted to a calendar year basis from a fiscal year basis; for other labor income, trade sources, Health Care Financing Administration, and Census Bureau surveys of State and local governments, adjusted to a calendar year basis from a fiscal year basis. State and local structures Value of construction put in place from Census Bureau ($128.5) monthly construction survey. State and local brokerage See entries under personal consumption expenditures for charges and financial services. services furnished without payment ($13.0) State and local consumpPerpetual-inventory calculations at current cost, based on tion of general governgross investment and on investment prices. ment fixed capital ($56.6) State and local investment Years except most recent—Total expenditures from Census in equipment and conBureau quinquennial censuses and annual surveys of State sumption expenditures, and local governments, selectively replaced with source except compensation, data that are more appropriate for the NIPA's and adjusted consumption of fixed as follows: For coverage; for netting and grossing difcapital, brokerage ferences; to a calendar year basis from a fiscal year basis; charges, and financial for other timing differences; to exclude interest, subsidies, services furnished withnet expenditures of government enterprises, and transfer out payment. payments; and to exclude compensation and structures. ($141.4) Most recent year--Judgmental trend. For components of compensation, employment from the Bureau of Labor Statistics; for other than compensation, same as annual. For wages and salaries, derived from Bureau of Labor Statistics monthly employment times earnings from Bureau of Labor Statistics employment cost index, if available; otherwise, judgmental trend. For other compensation, judgmental trend. Same as annual See entries under personal consumption expenditures for services. Same as annual. Same as annual for most recent year. SURVEY OF CURRENT BUSINESS 22 • September 1997 Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Income side (Gross national income of $7,697.6 billion for 1996) Compensation of employees6 ($4,426.9) Wage and salary accruals: Private industries ($2,991.0) Wage and salary accruals: Federal Government ($177.2) For most industries, annual tabulations of wages and salaries of employees covered by State unemployment insurance from the Bureau of Labor Statistics; for remainder, wages from a variety of sources (such as the Department of Agriculture for farms and the Railroad Retirement Board for railroad transportation), adjusted for understatement of income on tax returns and for several coverage differences. For civilians, wages from the Office of Personnel Management; for military personnel, wages from the Budget of the United States prepared by the Office of Management and Budget. Wage and salary accruals: State and local governments ($465.4) Mainly tabulations of wages and salaries of employees covered by State unemployment insurance from the Bureau of Labor Statistics. Employer contributions for social insurance ($385.7) Years except most recent—Tabulations from the Social Security Administration and other agencies administering social insurance programs, and Census Bureau surveys of State and local government retirement funds, adjusted to a calendar year basis from a fiscal year basis. Most recent year—Census Bureau surveys of State retirement funds, adjusted to a calendar year basis from a fiscal year basis. Years except 3 most recent—Total contributions from the Health Care Financing Administration less employee contributions from the Bureau of Labor Statistics consumer expenditure survey. Three most recent years—Employer costs for employee compensation from the Bureau of Labor Statistics. Years except 2 most recent—Tabulations from the Department of Labor. Two most recent years—Employer costs for employee compensation from the Bureau of Labor Statistics or Internal Revenue Service tabulations of business tax returns. Years except most recent—Employer contributions from'trade sources and contributions for self-insured plans from the Social Security Administration. Most recent year—Judgmental trend. Years except most recent—Group premiums and estimates of employer share from trade sources. Most recent year-^Judgmental trend. Other labor income: Group health insurance ($262.7) Other labor income: Pension and profit-sharing ($94.8) Other labor income: Workers' compensation ($37.0) Other labor income: Group life insurance (7.4) See footnotes at end of table. For most industries, wages and salaries derived from Bureau of Labor Statistics monthly employment times earnings times hours; for others, judgmental trend. For civilians, employment from the Bureau of Labor Statistics and judgmental trend; for military personnel, employment from the Department of Defense and judgmental trend. Derived from Bureau of Labor Statistics monthly employment times earnings from Bureau of Labor Statistics employment cost index, if available, otherwise judgmental trend. For Federal programs, BEA-derived wages and salaries of employees covered by the programs; for State and local government programs, judgmental trend. Judgmental trend. Judgmental trend. Judgmental trend. Judgmental trend. SURVEY OF CURRENT BUSINESS September 1997 • 23 Table 1—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Income side (Gross national income of $7,697.6 billion for 1996)—Continued Proprietors' Income with 1VA and CCAdj ($520.3) Farm income with IVA ($45.0) Based on Department of Agriculture data on net income, obtained by deriving gross income (cash receipts from marketing, inventory change, government payments, other cash income, and nonmoney income) and subtracting production expenses, adjusted to exclude corporate income from Internal Revenue Service tabulations of business tax returns and adjusted to a NIPA basis. Farm CCAdj (-$7.8) Nonfarm income ($455.3) See entry for "CCAdj" under consumption of fixed capital. Nonfarm IVA (-$0.2) Nonfarm CCAdj ($28.0) Rental income of persons with CCAdj ($146.3) See footnotes at end of table. For crops, BEA quarterly allocation of Department of Agriculture annual projections of crop output; for livestock, Department of Agriculture quarterly projections of cash receipts and inventories; for both crops and livestock, quarterly allocation of Department of Agriculture annual projections of government subsidy payments and production expenses. Same as annual for most recent year. Years except most recent—Income from Internal Revenue Service tabulations of business tax returns, adjusted for understatement of income on tax returns and for several conceptual differences. Most recent year—For construction, trade, and services, indicators of activity (such as value of housing put in place); for most others, judgmental trend. See entry for "IVA" under corporate profits with IVA and CCAdj. See entry for "CCAdj" under consumption of fixed capital. Benchmark years—Derived as space rent (see entry for "nonfarm dwellings" under personal consumption expenditures) less related expenses, including maintenance and repair from Bureau of Labor Statistics quarterly consumer expenditure survey, mortgage interest, and property taxes from Census Bureau decennial survey of residential finance. Other years—Same as benchmark years, except mortgage interest, based on mortgage debt from the Federal Reserve Board times a BEA interest rate, and property taxes from Census Bureau quarterly surveys of State and local tax collections. Same as owner-occupied nonfarm housing, adjusted to cover Tenant-occupied nonfarm housing only rental income accruing to persons not primarily en($52.7) gaged in the real estate business. Farms owned by nonopera- Prepared in conjunction with farm proprietors' income; see tor landlords entry for "farm income with IVA" under proprietors' income with IVA and CCAdj. ($6.8) Nonfarm nonresidential Years through 1983—Rents paid and received by business properties and government, adjusted for expenses associated with ($15.8) property (mainly depreciation/taxes, interest, and repairs) from Internal Revenue Service tabulations of business tax returns, Census Bureau surveys, and the Budget of the United States prepared by the Office of Management and Budget. Other years—Judgmental trend. Years except most recent—Internal Revenue Service tabulaRoyalties tions of royalties reported on individual income tax returns. ($8.3) Most recent year—Judgmental trend. See entry for "CCAdj" under consumption of fixed capital. CCAdj (-$47.0) Owner-occupied nonfarm housing ($109.7) For owner-occupied space rent, same as annual; for depreciation, interest, and taxes, based on NIPA estimates of those components; for other expenses, judgmental trend. Same as annual. Judgmental trend. Judgmental trend. Same as annual for most recent year. SURVEY OF CURRENT BUSINESS 24 • September 1997 Table 1—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other years or used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Income side (Gross national income of $7,697.6 billion for 1996)—Continued Corporate profits with IVA and CCAd] ($735.9) Net interest ($425.1) Domestic profits before tax ($580.7) Years except most recent—Receipts less deductions from Internal Revenue Service tabulations of business tax returns, adjusted for understatement of income on tax returns and for several conceptual differences. Most recent year—Profits from Census Bureau quarterly survey of corporate profits, regulatory agency reports, and compilations of publicly available corporate financial statements. Rest-of-the-world profits be- Estimated as part of the balance of payments accounts: For fore tax direct investment income, BEA surveys; for portfolio in($95.9) come, Treasury Department surveys. Adjusted for NIPA coverage of U.S. territories and Puerto Rico—see entry for "exports and imports of goods, net/' under net exports of goods and services. IVA The IVA on the income side (for corporations and for nonfarm (-$2.5) sole proprietorships and partnerships) and the IVA on the product side (described under the entry for change in business inventories) differ because the source data reflect different proportions of accounting methods (last-in, first-out (UFO), etc.) underlying reported inventories. The incomeside IVA is based on the product-side IVA, adjusted by the relationship between non-LIFO inventories from Internal Revenue Service tabulations of business tax returns and non-LIFO inventories from the Census Bureau. CCAdj See entry for "CCAdj" under consumption of fixed capital. ($61.8) Domestic monetary, net ($87.6) Rest-of-the-world monetary, net (-$76.4) See footnotes at end of table. For some industries in transportation and some in finance, etc., judgmental trend; for others, same as annual for most recent year. (Released at time of preliminary estimate of GDP for the first, second, and third quarters and of final estimate for the fourth quarter.) Same as annual. (Released on same schedule as domestic profits before tax.) Same as annual. Years except most recent—For farm interest paid, Department Derived by combining estimates of (1) of Agriculture surveys; for residential mortgage interest interest received by persons, (2) paid, Census Bureau decennial residential finance survey government interest paid and reand mortgage debt from the Federal Reserve Board times ceived, and (3) interest paid by a BEA interest rate; for most other interest paid and repersons. For (1), judgmental trend; for (2), Monthly Treasury Statement ceived by business, Internal Revenue Service tabulations of business tax returns, adjusted for misreporting on tax refor Federal and judgmental trend turns and for several conceptual differences. for State and local; for (3), Most recent year—For farm and mortgage interest paid, same consumer debt from the Federal as other years; for other interest, interest receipts and payReserve Board times BEA estiments from regulatory agencies (such as the Federal Demates of interest rates. (Released posit Insurance Corporation), from trade sources, or obon same schedule as domestic tained by applying BEA interest rates to interest-bearing profits before tax.) assets/liabilities from Federal Reserve Board flow-of-funds accounts. Estimated as part of the balance of payments accounts: For Same as annual. (Released on same direct investment income, BEA surveys; for portfolio inschedule as domestic profits before come, Treasury Department surveys. Adjusted for NIPA tax.) coverage of U.S. territories and Puerto Rico—see entry for "exports and imports of goods, net," under net exports of goods and services. SURVEY OF CURRENT BUSINESS September 1997 • 25 Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other final years or, for other years, used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Income side (Gross national income of $7,697,6 billion for 1996)—Continued Net interestContinued Imputed—banks, credit agencies, and investment companies ($180.1) Imputed—life insurance carriers and private noninsured pension plans ($233.7) Business transfer payments Payments to persons: For charitable contributions, for years except most recent, Internal Revenue Service tabulations of business tax returns or, for most recent year, judgmental trend; for other components (such as liability payments for personal injury), for years except most recent, information from government agency reports and trade sources or, for most recent year, judgmental trend. Payments to the rest of the world: Estimated as part of the balance of payments accounts. ($33.6) Indirect business tax and nontax liability Federal Government ($95.8) ($604.8) State and local governments ($508.9) Subsidies less current surplus of government Federal Government ($37.7) ($25.4) State and local governments (-$12.3) See footnotes at end of table. Property income earned on investment of deposits and mone- Judgmental trend. tary interest paid to depositors (and for mutual depositories, profits from Internal Revenue Service tabulations of business tax returns) from annual reports of regulatory agencies and the Federal Reserve Board. Imputed interest (financial services furnished without payment) is allocated to persons, government, and the rest of the world on the basis of deposit liabilities from the same sources. Judgmental trend. (Released on same Property income earned (and for life insurance carriers, profschedule as domestic profits before its) from Internal Revenue Service tabulations of business tax.) tax returns, trade sources, and the Federal Reserve Board. Judgmental trend. For customs duties, Monthly Treasury For excise taxes, collections from the Bureau of Alcohol, ToStatement; for most excise taxes, bacco, and Firearms and the Internal Revenue Service; for derived from indicators of activity customs duties, receipts from Monthly Treasury Statement; (such as gasoline production for and for nontaxes (such as fines), receipts from the Budget gasoline tax); for others in this of the United States prepared by the Office of Management and Budgei group, judgmental trend. Receipts from Census Bureau quinquennial censuses and an- Judgmental trend. nual and quarterly surveys, adjusted to a calendar year basis from a fiscal year basis. For subsidies, payments by the Commodity Credit Corporation For subsidies, Commodity Credit Corporation reports and judgmental from agency reports and, for most other agencies, outlays trend; for current surplus, from Monthly Treasury Statement, for current surplus, mainjudgmental trend and consumption ly reports of various agencies, such as the Postal Service, and consumption of fixed capital estimates derived with of fixed capital estimates derived perpetual-inventory calculations at current cost, based on with perpetual-inventory calculagross investment and on investment prices. tions at current cost, based on gross investment and on investment prices. Judgmental trend. For subsidies, limited to railroad, Census Bureau annual surveys of expenditures, adjusted to a calendar year basis from a fiscal year basis. For current surplus: For current operating receipts, mainly revenue data from Census Bureau annual surveys of State and local governments, adjusted to a calendar year basis from a fiscal year basis; for current operating expenditures, see entries (1) for "State and local investment in equipment and consumption expenditures, except compensation, consumption of fixed capital, brokerage charges, and financial services furnished without payment" and (2) for "State and local consumption of general government fixed capital" under Government consumption expenditures and gross investment. SURVEY OF CURRENT BUSINESS 26 • September 1997 Table 1.—Principal Source Data and Estimating Methods Used in Preparing Estimates of Current-Dollar GDP—Continued Component (billions of dollars) Subcomponent (billions of dollars) Annual estimates: Source data and methods used to determine level for benchmark and other final years or, for other years, used to prepare an extrapolator or interpolator Advance quarterly estimates: Source data and methods used to prepare an extrapolator Income side (Gross national income of $7,697.6 billion for 1996)—Continued Consumption of fixed capital ($830.1) Government: ($147.4) General government ($125.1) Government enterprise ($22.3) Privates ($682.7) Capital consumption allowances ($709.9) Less; CCAdj ($27.1) Perpetual-inventory calculations at current cost, based on gross investment and on investment prices. Perpetual-inventory calculations at current cost, based on gross investment and on investment prices. Perpetual-inventory calculations at current cost, based on gross investment and on investment prices. Years except most recent—For depreciation of corporations and of nonfarm sole proprietorships and partnerships, Internal Revenue Service tabulations of business tax returns, adjusted for several conceptual differences; for other depreciation (including noncorporate farms, nonprofit institutions, and owner-occupied houses), perpetual-inventory calculations; for accidental damage to fixed capital, losses reported to insurance companies and government agencies. Most recent year—For depreciation of corporations and nonfarm sole proprietorships and partnerships, 6EA estimates of tax-return-based depreciation; for other depreciation and accidental damage to fixed capital, same as other years. For corporations and nonfarm sole proprietorships and partnerships, the difference between tax-return-based calculations and perpetual-inventory calculations; for other (including noncorporate farms, nonprofit institutions, and owneroccupied houses), the difference between perpetual-inventory calculations at historical cost and current cost. Same as annual. Same as annual. Same as annual. Judgmental trend. Judgmental trend. 1. Includes $10.6 billion for food produced and consumed on farms, standard clothing issued to structures. military personnel, and used trucks. 5. Includes -$1.0 billion for other structures (dormitories, fraternity and sorority houses, nurses' 2. The retail-control method cited under "personal consumption expenditures (PCE) for most homes, etc.) and net purchases of used structures. goods" is based on retail trade sales data that include sales of gasoline service stations. Estimates 6. Includes -$2.6 billion for wage and salary accruals: Rest of the world, net, and $5.4 billion of PCE for gasoline and oil are derived separately and are deducted from the retail-control totals for other labor income: Supplemental unemployment, directors' fees, and judicial fees. (that include goods sold by gasoline service stations) to derive the estimates for "PCE for most CCAdj Capital consumption adjustment goods." IVA Inventory valuation adjustment 3. Also referred to as "services furnished without payment by financial intermediaries, except life NIPA National income and product account insurance carriers and private noninsured pension plans." Source: 1996 estimates—SURVEY OF CURRENT BUSINESS, August 1997. 4. Includes $0.5 billion for brokers' commissions on sale of structures and net purchases of used September 1997 SURVEY OF CURRENT BUSINESS Table 2.—Methodology Used in Preparing Estimates of Real GDP Deflation, using price based on— Component Personal consumption expenditures Subcomponent Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Extrapolation Direct valuation Durable and nondurable goods; Most goods (except subcomponents listed separately). Except as noted, CPI; military clothing, PPL New autos Net purchases of used autos. CPI New trucks Gasoline and oil Food furnished to employees (including military). Expenditures abroad by U.S. residents less personal remittances in kind to nonresidents. CPI CPI CPI Services: Nonfarm dwellings—space rent for owner-occupied and rent for tenant-occupied. Rental value of farm dwellings. See footnotes at end of table. Other Using quantity for— Computers, BEA price index, Bureau of Labor Statistics import price indexes, and PPL Used autos, in two parts: (1) Margin, unit sales from trade sources with dealer margins from Census Bureau and trade sources; (2) net transactions, net change in unit stock of autos held by consumers by year of original sale, valued by depreciated original value in base-year dollars. Foreign consumer price indexes (exchange-rate adjusted). CPI Net value of farm housing stock from BEA capital stock series. SURVEY OF CURRENT BUSINESS 28 * September 1997 Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued Deflation, using price based on— Component Personal consumption expendituresContinued Subcomponent Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Extrapolation Services—Continued: Motor vehicle and other repair, other purchased intercity transportation, Segal and funeral services, barbershops and beauty parlors, nursing homes, laundries, employment agency fees, accounting and tax return preparation services, recreation (except cable TV, casino gambling, parimutuel net receipts, and lotteries), hotels and motels, and other education and research. Physicians, dentists, and other professional medical services. Private nursery, elementary. and secondary schools, day care, welfare activities, and trade unions and professional associations. Public education and hospitals, water and other sanitary services, and lotteries. Financial services furnished without payment by banks, credit agencies, and investment companies. l Brokerage charges and investment counseling, bank service charges, intercity transportation except other, and private higher education. Except as noted, CPI; private for-profit nursing homes, PPL Domestic services CPI See footnotes at end of table. Other Using quantity for— Private nonprofit nursing homes, composite index of input prices from the Health Care Financing Administration; clubs and fraternal organizations, and other education and research, BEA composite index of input prices. Except as noted, CPI; physicians, PPL BEA composite indexes of input prices. Except as noted, CPI; public hospitals, PPI. Paid employee hours of relevant financial institutions. Except as noted, CPI. Airline transportation, BEA index based on revenue per passenger mile from the Department of Transportation and trade source, and CPI for airline fares; private higher education, BEA composite index of input prices. Stock brokerage charges, BEA orders, derived from volume data from the Securities and Exchange Commission and trade sources. Direct valuation SURVEY OF CURRENT BUSINESS September 1997 • 29 Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued Deflation, using price based on— Component Personal consumption expendituresContinued Subcomponent Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Except as noted, CPI; private for-profit hospitals, PPI. Foreign travel by U.S. residents less expenditures in the United States by nonresidents. Other services'. Casino gambling, and parimutuel net receipts; other housing except hotels and motels; bridge, etc., tolls; other household operation except repairs and insurance; travel and entertainment card fees; stenographic and reproduction services; and money orders and classified advertising. Expenditures in the United States, CPI. Nonresidentia! structures; Utilities Mining exploration, shafts, and wells. Nonfarm buildings and structures. Farm buildings See footnotes at end of table. Other Extrapolation Life insurance and religious activities, BEA composite indexes of input prices; private nonprofit hospitals, composite index of input prices from the Health Care Financing Administration. Foreign travel, BEA composite index of foreign consumer price indexes (exchange-rate adjusted). Auto insurance, premiums deflated by CPI; health insurance, benefits deflated by CPI. Services—Continued: Insurance, private hospitals, religious activities, cable TV, utilities, and local transport. Fixed investment Using quantity for— Parimutuel net receipts, gross winnings deflated by CPI. Except as noted. CPI. Gas and petroleum pipelines, PPI. Casing, PPI Telecommunications, cost index from trade source; railroads, BEA price index; other, cost indexes from government agencies and trade sources. Exploration, cost index from trade source; mines, implicit price deflator for nonfarm nonresidential buildings. Buildings, BEA index based on cost index from trade source and on Census Bureau price deflator for single-family houses under construction; structures, cost indexes from government agencies. Implicit price deflator for nonfarm nonresidential buildings. Drilling, footage by geographic area from trade source. Direct valuation SURVEY OF CURRENT BUSINESS JO • September 1997 Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued Deflation, using price based on— Component Subcomponent Fixed investmentContinued Nonresidential producers' durable equipment: Equipment, except autos, telephone and telegraph installation, and telephone switching equipment New and used autos Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Domestic components, except as noted, PPI; imported transportation equipment, PPL Census Bureau price deflator for single-family houses under construction. BEA price index. Brokers' commissions See footnotes at end of table. Used autos, in two parts: (1) Margin, unit sales from trade sources with dealer margins from Census Bureau and trade sources; (2) net transactions, net change in unit stock of autos held by business by year of original sale, valued by depreciated original value in base-year dollars. BEA price index. PPI Major replacements, CPI. Additions and alterations, BEA index based on Census Bureau price deflator for single-family houses under construction and CPI component. Numbers of new and used houses sold from Census Bureau and trade sources. CPI Direct valuation Imported components, except computers and transportation equipment, Bureau of Labor Statistics import price indexes; domestic and imported computers, BEA price index, Bureau of Labor Statistics import price indexes, and PPI. BEA cost index. Residential investment: Permanent-site new singlefamily housing units. Producers' durable equipment. Extrapolation New autos, CPI, Telephone and telegraph installation. Telephone switching equipment. Permanent-site new multifamily housing units. Mobile homes Improvements Other Using quantity for— September 1997 SURVEY OF CURRENT BUSINESS Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued Deflation, using price based on— Component Change in business inventories Subcomponent Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Nonfarm: Purchased goods, all industries. Except as noted. PPI. Nonfarm: Work-in-process and finished goods, manufacturing. Except as noted, PPI; some overhead cost items, CPL Farm Net exports of goods and services2 Exports and imports of goods.2 Exports and imports of services.2 See footnotes at end of table. Other Using quantity for— Extrapolation Crude petroleum, index from the Energy Information Administration; computers, BEA price index, Bureau of Labor Statistics import price indexes, and PPI; imported goods purchased by trade industries, Bureau of Labor Statistics import price indexes. BEA Indexes of unit labor cost. Department of Agriculture average market prices.. Gold; transporBureau of Labor Statistics export and import price intation equipdexes; electric energy exment; selected ports and imports, and peagriculturai troleum imports, unit-value foods, feeds, and bevindexes based on Census Bureau values and quanerages; and tities; computer and semiselected imconductor exports, BEA ports of refined petroleum, PPL price indexes and PPI; computer and semiconductor imports, BEA price indexes and Bureau of Labor Statistics import price indexes. Exports of financial servTravel receipts, Military transfers and direct defense expenditures ices furnished without medical repayment, l paid emceipts, and abroad, selected deflators for Federal national deployee hours of relstudents' expenditures, fense, except consumption evant financial instituCPI; freight of fixed capital (see tions. below); passenger fares, and port expenditures and Bureau of Labor Statistics telecommuniexport and import price incations, PPI. dexes; travel payments and U.S. Government payments for miscellaneous services, BEA composite index of foreign consumer price indexes (exchangerate adjusted); royalties and fees, and other private services, implicit price deflator for final sales to domestic purchasers. Direct valuation Quantities and prices of stocks of coal, petroleum, and natural gas for utilities from the Energy Information Administration. SURVEY OF CURRENT BUSINESS 32 • September 1997 Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued Deflation, using price based on— Component Subcomponent Government consumption expenditures and gross investment Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Using quantity for— Federal national defense consumption of general government fixed capital. Federal national defense, except consumption of general government fixed capital Selected goods, PPI; utilities and communications, CPI and PPL Other Some goods, some services, and most military structures, BEA indexes based on Department of Defense prices paid; some services, Bureau of Labor Statistics monthly earnings; computers, BEA price index, Bureau of Labor Statistics import price indexes, and PPI; nonmilitary structures, cost indexes from trade sources and government agencies. Extrapolation Military compensation, fulltime equivalent employment by rank and length of service; civilian compensation, fulltime equivalent employment by grade, adjusted for change from base year in hours worked. Federal nondefense consumption of general government fixed capital. Federal nondefense, except consumption of general government fixed capital. Most goods, PPI; Structures, cost indexes from Compensation, full-time equivalent employment rent, utilities, trade sources and governand commument agencies; computers, by grade, adjusted for BEA price index, Bureau change from base year nications, CPI. of Labor Statistics import in hours worked; finanprice indexes, and PPI; cial services furnished most services, Bureau of without payment, l paid Labor Statistics monthly employee hours of relearnings. evant financial institutions. State and local compensation of general government employees. Employees in education, full-time equivalent employment by education and experience, adjusted for change from base year in hours worked; other employees, full-time equivalent employment, adjusted for change from base year in hours worked. State and local structures. See footnotes at end of table. Cost indexes from trade sources and government aaencies. Direct valuation Perpetual-inventory calculations, based on gross investment. Many goods, some services, and a few military structures, quantities and prices from Department of Defense reports; electricity and natural gas quantities from the Department of Energy. Perpetual-inventory calculations, based on gross investment. Net purchases of agricultural commodities by the Commodity Credit Corporation, quantities by crop from agency reports with Department of Agriculture prices; selected petroleum transactions, quantities and prices from the Department of Energy. SURVEY OF CURRENT BUSINESS September 1997 • 33 Table 2.—Methodology Used in Preparing Estimates of Real GDP—Continued Deflation, using price based on— Component Subcomponent Components of the Consumer Price Index (CPI) or the Producer Price Index (PPI) Government State and local brokerage consumption charges and financial expenditures and services furnished without payment. gross investmentContinued State and local consumption of general government fixed capital State and local investment in equipment and consumption expenditures, except compensation, consumption of fixed capital, brokerage charges, and financial services furnished without payment Other Extrapolation Direct valuation See entries under personal consumption expenditures for services. Perpetual-inventory calculations, based on gross investment Services, except as noted, and goods used in maintenance and repair, CPI; goods, except as noted, and electricity, PPL Transportation, books, and postal services, BEA indexes based on Department of Defense prices paid; computers, BEA price index, Bureau of Labor Statistics import price indexes, and PPL 1. Also referred to as "services furnished without payment by financial intermediaries, except life insurance carriers and private noninsured pension plans." 2. Estimates of real exports and imports of goods and services are prepared separately. Real receipts and payments of factor income from the rest of the world—the difference between GDP Using quantity for— and GNP—are prepared by deflation using the implicit price deflator for final sales to domestic purchasers except for imputed interest paid to nonresidents, which is prepared by extrapolation using paid employee hours of relevant institutions. September 1997 SURVEY OF CURRENT BUSINESS 34 Annual NIPA Revision: Newly Available Tables This section presents national income and product accounts (NIPA'S) tables 8.20-8.26, part of the annual NIPA revision. The August SURVEY included an article describing the revision and most of the full set of NIPA tables. The remaining tables, 3.15-3.20 and 9.1-9.6, are scheduled to be published in the October SURVEY. In early October, the full set of "annual only" NIPA tables for 1929 forward will be available on diskette for $20.00, product number NDN-0145. Until then, an abridged version is available that omits tables 3.15-3.20, 8.26, and 9.1-9.6 ($20.00, product number NDN-OI/H). To order using MasterCard or Visa, call the BEA Order Desk at 1-800-704-0415 (outside the United States, 202-606-9666). To order by mail, send a check payable to "Bureau of Economic Analysis BE-53" to BEA Order Desk (BE-SS), Bureau of Economic Analysis, Washington, DC 20230. Table 8.20,—Relation of Consumption of Fixed Capital in the National Income and Product Accounts (NIPA's) to Depreciation and Amortization as Published by the Internal Revenue Service (IRS) Table 8,21—Relation of Nonfarm Proprietors' Income in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS) [Billions of dollars] [Billions of dollars] Line Corporations Depreciation and amortization, IRS Less* Depreciation of assets of foreign branches Depreciation or amortization of intangible assets Other1 ................. Plus: Accidental damage to fixed capital other than repairable damage. Depreciation of mining exploration, shafts, and wells charged to current expense. Depreciation of 2motor vehicles not in IRS depreciation . Depreciation3 of railroad track charged to current expense . Other4 Equals; Capital consumption allowances, NIPA's Less: Capital consumption adjustment Equals; Consumption of fixed capital, NIPA's Nonfarm sole proprietorships and partnerships Depreciation and amortization, IRS Less: Depreciation or amortization of intangible assets Adjustment for misreporting on income tax returns. Other5 ... .. ... Plus: Accidental damage to fixed capital other than repairable damage. Depreciation of mining exploration, shafts, and wells charged to current expense. Depreciation of 2motor vehicles not in IRS depreciation . Equals: Capital consumption allowances, NIPA's Less: Capital consumption adjustment Equals: Consumption of fixed capital, NIPA's 1992 1 2 396.0 415.4 454.1 31 32 25 74 76 89 3 4 5 6 7 1994 1993 10.9 61 17.7 12.7 RP 16.6 1995 Net profit (less loss) of nonfarm proprietorships and partnerships, plus payments to partners, IRS. Plus: Adjustments for misreporting on income tax returns. Posttabulation amendments and revisions 1 ....... Depletion on domestic minerals .......................... Adjustment to depreciate expenditures for mining exploration, shafts, and wells. Bad debt expense .... Income received by fiduciaries Income of tax-exempt cooperatives Equals: Nonfarm proprietors' income, NIPA's 13.3 10.0 15.2 54 58 60 1.6 3.1 3.1 8 9 10 11 12 13 405.5 424.4 463.7 480.5 514.1 29.1 36.0 51.4 51.6 61.8 .7 9.0 .7 9.0 .8 9.3 1.1 9.2 16 17 5 1.2 6 1.2 7 4.5 184.4 209.6 231.8 247.3 2 171.9 185.7 199.1 212.7 3 4 5 6 7 8 9 1994 1995 1996 -.2 -10.1 -24.1 -31.2 9 8 8 8 -2.2 -1.5 -1.0 0 39 10 3.3 37 10 3.5 3fi 11 3.6 4B 11 3.5 363.1 392.7 415.0 438.8 455.3 1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written off, of adjustments for corporate partners and statutory employees, of interest income, and of margins on ownerbuilt housing. .7 1.4 19 1 1993 Table 8.22.—Relation of Net Farm Income in the National Income and Product Accounts (NIPA's) to Net Farm Income as Published by the U.S. Department of Agriculture (USDA) 980 10? 3 102.4 107.3 14 15 18 1992 376.4 388.4 412.3 428.9 452.3 3.4 .5 2.8 .5 2.1 .5 [Billions of dollars] Line 1.6 .5 20 92.9 96.4 98.6 99.7 101.7 21 25.0 27.5 21.0 27.9 28.7 22 67.9 68.9 77.6 71.8 73.1 1. Consists of depreciation or amortization of the following items: Breeding, dairy, and work animals; motion picture films; rental videocassettes; and rental clothing. 2. Consists of depreciation of employees' motor vehicles reimbursed by business and business motor vehicles charged to current expense. 3. Beginning with 1981, included in IRS depreciation (line 1). 4. Consists of depreciation of assets owned by Federal Reserve banks, Federally sponsored credit agencies, credit unions, and nonprofit institutions serving business; depreciation of interest paid by public utilities for forceaccount construction prior to 1987 (beginning with 1987, included in line 1); and write-offs of abandoned nuclear power plants charged to current expense. 5. Consists of depreciation or amortization of rental videocassettes and rental clothing. Line 1996 Net farm income, USDA Plus: Depreciation and other consumption of farm capital, USDA. Farm housing, NIPA's Monetary interest received by farm corporations Valuation adjustment, Commodity Credit Corporation loans. Less: Consumption of fixed capital NIPA's Gross rental value of farm housing, USDA Patronage dividends received from cooperatives Equals: Farm proprietors' income and corporate profits with inventory valuation and capital consumption adjustments. Proprietors' income Corporate profits 1992 1993 1994 1995 1996 1 47.5 43.1 48.2 37.1 52.2 2 16.9 17.0 17.3 17.5 17.5 3 4 5 5.3 .5 -.4 5.5 .5 -.1 5.8 .6 -.4 5.9 .7 -.9 6.1 .5 -.6 6 7 8 9 232 7.0 .4 .7 234 7.6 .5 .8 237 8.7 .4 .8 247 9.3 .5 1.1 256 9.8 .7 1.0 10 38.6 33.8 37.8 24.7 38.6 11 37.1 32.4 36.9 23.4 372 12 1.5 1. Consists largely of salaries paid to corporate officers and to certain farm operators. 1.4 .9 1.2 1.4 SURVEY OF CURRENT BUSINESS September 1997 • 35 Table 8.23.—Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS) Table 8,24,-Relation of Monetary Interest Paid and Received in the National Income and Product Accounts (NIPA's) to Corresponding Measures as Published by the Internal Revenue Service (IRS) [Billions of dollars] [Billions of dollars] Line Total receipts less total deductions, IRS . Plus: Adjustment for misreporting on income tax returns. Posttabulation amendments and revisions *. Income of organizations not filing corporation income tax returns. Federal Reserve banks Federally sponsored credit agencies2 Depletion on domestic minerals Adjustment to depreciate expenditures for mining exploration, shafts, and wells. State and local corporate profits tax accruals. Interest payments of regulated investment companies. Bad deot expense Less: Tax-return measures of: Gains, net of losses, from sale of property. Dividends received from domestic corporations. Income on equities in foreign corporations and branches (to U.S. corporations). Costs of trading or issuing corporate securities4. Taxes paid by domestic corporations to foreign governments on income earned abroad. Plus: Income received from equities in foreign corporations and branches by all U.S. residents, net of corresponding payments. 1992 1993 1994 1 412.2 505.0 585.1 2 70.7 3 -9.0 72.5 -6.6 1995 1996 78.1 ............ -23.4 4 -1.1 -4.0 -4.5 5 6 7 8 9 17.8 1.9 -20.8 7.3 -7.0 161 2.1 -22.3 6.9 -6.0 178 2.1 -24.3 7.6 -3.4 10 244 269 299 11 -69.9 -78.7 -97.4 12 89.6 80.7 67.9 13 70.9 90.8 71.0 14 253 28.8 33.0 15 56.2 59.1 62.2 16 17.4 20.4 5.2 17 5.8 6.0 6.8 18 64.9 73.9 73.4 Eauals° Profits before tax&s NIPA'3 1Q dflftd dfiSd C4K -j Federal income and excess profits taxes, IRS Plus: Posttabulation amendments and revisions, including results of audit and renegotiation and carryback refunds. Amounts paid to U.S. Treasury by Federal Reserve banks. State and local corporate profits tax accruals. Less: U.S. tax credits claimed for foreign taxes paid. Investment tax credit5 Other tax credits5 Equals: Profits tax liability, NIPA's Profits after tax, NIPA's (19-27) 20 131.3 .3 154.4 172.8 21 2.4 .7 22 16.8 16.0 20.5 28 45 6.9 81 143.0 165.2 186.6 213.2 229.0 263.4 300.2 348.5 409.4 447.6 Dividends paid in cash or assets, IRS Plus: Posttabulation amendments and revisions .... Dividends paid by Federal Reserve banks and certain federally sponsored credit agencies2. U.S. receipts of dividends from abroad, net of payments to abroad. Earnings remitted to foreign residents from their unincorporated U.S. affiliates. Interest payments of regulated investment companies. Less: Dividends received by U S corporations Earnings of U.S. residents remitted by their unincorporated foreign affiliates. Equals: Net corporate dividend payments, NIPA's. ?P 302.8 30 31 -3A .8 -3.0 1.0 -6.2 1.1 32 23.4 20.8 31.8 23 24.4 26.9 25.3 27.6 fiTfifi 29.9 24 £22 ft 29.2 25 26 27 340.1 380.9 33 2.0 2.7 2.8 34 -699 -78.7 -97.4 35 36 770 93 796 76 897 71 37 169.5 195.8 216.2 264.4 304.8 1. Consists largely of an adjustment to expense all meals and entertainment, of oilwell bonus payments written off, of adjustments for insurance carriers and savings and loan associations, of amortization of Intangible assets, and of tax-exempt interest income. 2. Consists of the following agencies: Farm Credit System, 1947 forward; Federal home loan banks, 1952 forward. 3. Consists of private noninsured pension plans, nonprofit organizations serving business, and credit unions. 4. includes the imputed financial service charge paid by corporations to domestic securities dealers who do not charge an explicit commission. 5. Beginning with 1984, the investment tax credit is included in other tax credits (line 26). Line 1992 1993 1994 597.0 546.2 611.2 5.8 4.4 40 21.9 187 213 5 6 10.4 11.5 69.9 8.4 10.3 78.7 10.8 10.5 97.4 7 42 Corporations 1 Interest paid, IRS 2 Less1 Interest paid by foreign branches of commercial banks. 3 Plus* Interest paid by organizations not filing corporation income tax returns. Federally sponsored credit agencies .... 4 Interest paid by regulated investment companies reported as distributions to stockholders. Adjustment for mutual savings banks and savings and loan associations. Other2 Equals: Monetary interest paid by corporations, NIPA's. Nonfarm proprietorships and partnerships Interest paid, IRS Plus: Interest reported on rental expense schedule Interest passed through to partners !.. Interest capitalized on tax returns Less: Adjustment for misreporting on income tax returns. Equals: Monetary Interest paid, NIPA's Corporations interest received, IRS Less: Interest received by foreign branches of commercial banks. Plus: Interest received by organizations not filing corporation income tax returns. Federal reserve banks Federally sponsored credit agencies .... Other3 Adjustment for mutual savings banks and savings and loan associations. Other4 Equals: Monetary Interest received by corporations, NIPA's. Nonfarm proprietorships and partnerships interest received by financial sole proprietorships and partnerships, IRS. Equals: Monetary interest received by sole proprietorships and partnerships, NIPA's. o 1995 1996 934.3 4 8 8.5 9.3 7.7 9 695.8 648.5 733.9 867.9 10 35.4 36.3 45.5 52.6 11 12 13 14 60.3 6.1 1.3 7.9 56.9 8.2 1.1 7.9 54.8 10.1 2.2 8.6 57.2 10.0 1.7 9.3 15 95.3 94.6 104.0 16 829.3 809.7 12.0 12.2 12.3 18 112.8 110.7 112.1 881.6 17 112.3 115.0 19 20 21 22 20.2 11.9 806 109 18.9 10.3 81 5 51 20.9 12.8 81 2 24 15.5 17.0 23 18.9 24 959.9 25 11.6 15.1 19.2 24.3 28.7 26 11.6 15.1 19.2 24.3 28.7 928.7 1,003.7 1,165.5 1,243.6 1. Consists of interest paid by nonprofit organizations serving business and by credit unions. 2. Consists of posttabulation amendments, construction interest capitalized on tax returns, interest reported on tax returns in cost of goods sold, and interest passed through to shareholders by small business corporations. 3. Consists of private noninsured pension plans, nonprofit organizations serving business, credit unions, and other tax-exempt interest received by commercial banks and nonlife insurance carriers. 4. Consists of posttabulation amendments, interest received by credit agencies and finance companies reported as business receipts on tax returns, and interest passed through to shareholders by small business corporations. SURVEY OF CURRENT BUSINESS 36 « September 1997 Table 8.25,-Relation of Wages and Salaries in the National income and Product Accounts (NIPA's) to Wages and Salaries as Published by the Bureau of Labor Statistics (BLS) Table 8.26,—Comparison of Personal Income in the National Income and Product Accounts (NIPA's) with Adjusted Gross Income as Published by the Internal Revenue Service (IRS) [Billions of dollars] [Billions of dollars] Line l Total wages and salaries, BLS . Plus: Adjustment for misreporting on employment tax returns ^ Adjustment for thrift savings plans 3 Adjustment for selected industries4 Other5... 1 2 1992 1993 1994 1995 2,781.7 2,884.5 3,033.7 3,215.5 3,414.3 67.7 70.5 74.0 78.8 83.9 3 12.0 10.8 4 5 111.7 111.5 8.6 111.3 7.3 116.4 6.5 116.6 13.3 12.5 13.1 11.4 11.2 equals: Wage and salary disbursements, 6 Plus: Wage accruals less disbursements, NIPA's. 7 Equals: Wage and salary accruals, NIPA's 8 2,986.4 3,089.6 3,240.7 3,429.5 3,632.5 -15.8 4.4 13.3 13.1 1.1 2,970.6 3,094.0 3,254.0 3,442.6 3,633.6 1. Total annual wages of workers covered by State unemployment insurance (Ul) laws and by the Unemployment Compensation for Federal Employees program. Data for the most recent year are preliminary. 2. Consists of unreported wages and salaries paid by employers and of unreported tips. 3. Consists of voluntary contributions by employees. Prior to 1985, employers were not required to report these contributions. In 1985, reporting requirements were enacted by over one-half of the States; by 1990, the requirement had been enacted by almost all States. 4. For the following industries, consists of the difference between estimates from more comprehensive source data (excluding the adjustments in lines 2 and 3) and BLS wages and salaries: Agriculture, forestry, and fishing; railroad transportation; health services; educational services; social services; membership organizations; private households; and the Federal Government. 5o Consists of wages and salaries for insurance agents classifed as statutory employees, for students and their spouses employed by public colleges or universities, for nonprofit organizations not participating in the Ul program (in industries not listed in footnote 4), and of other coverage adjustments. Line 1996 Personal income, NIPA's Less: Portion of personal income not included in adjusted gross income. Transfer payments except taxable military retirement and taxable government pensions. Other labor income except fees Imputed income in personal income l ... Investment income of life insurance carriers and private noninsured pension plans2. Investment income received by nonprofit institutions or retained by fiduciaries. Differences in accounting treatment between NIPA's and tax regulations, 1 2 1992 1993 1994 1995 1996 5,277.2 5,519.2 5,791.8 6,150.8 6,495.2 1,732.4 1,845.4 1,934.6 2,031.4 3 692.8 740.0 770.5 814.8 4 5 6 346.5 182.3 200.2 380.1 209.1 214.6 399.9 230.2 206.6 401.6 240.2 227.6 "233.7 7 50.7 49.0 49.5 54.0 8 83.7 62.5 62.0 54.4 9 176.2 190.1 216.0 238.8 Plus: Portion of adjusted gross income not included in personal income. Personal contributions for social insurance. Net gain from sale of assets Taxable private pensions ..: Small business corporation income ...... Other types of income 10 571.9 603.6 656.0 700.3 11 248.4 260.3 277.5 293.1 12 13 14 15 109.1 147.4 125.0 147.6 129.8 150.5 139.0 159.6 47.9 19.2 51.9 18.8 71.7 26.3 79.2 29.6 Equals: BEA-derived adjusted gross income .... 16 4,116.7 4,277.5 4,513.1 4,819.7 Adjusted gross income, IRS . 17 3,629.1 3,723.3 3,907.5 4,189.4 net. Other personal income exempt or excluded from adjusted gross income. Adiusted aross income fAGI) aao3 AGI gap (line 18) as a percentage of BEA-derived AGI (line 16). AGI of IRS (line 17) as a percentage of BEA-derived AGI (line 16). .. 18 487.6 554.1 605.6 630.4 19 11.8 13.0 13.4 13.1 20 88.2 87.0 86.6 306.3 86.9 1. Consists of the imputations included in personal income shown in table 8.19 except for employer-paid health and life insurance premiums (line 115). In table 8.26, these premiums are included in line 4. 2. Equals imputed interest received by persons from life insurance carriers and private noninsured pension plans as shown in table 8.18 (line 51). 3. Consists of income earned by low-income individuals who are not required to file income tax returns, unreported income that is included in the NIPA measure, and gross errors and omissions in lines 2 through 15. Also includes the net effect of errors in the IRS adjusted gross income (line 17) and NIPA personal income (line 1) measures. Such errors can arise from the sample used by IRS to estimate line 17 and from the data sources used by BEA to estimate line 1. September 1997 SURVEY OF CURRENT BUSINESS 37 Fixed Reproducible Tangible Wealth in the United States: Revised Estimates for 1993-95 and Summary Estimates for 1925-96 THIS REPORT PRESENTS estimates of fixed reproducible tangible wealth in the United States. These estimates, which cover net stocks of privately owned and government-owned durable equipment and structures and of durable goods owned by consumers, incorporate the revised national income and product accounts estimates for 1993-96.1 With this release, estimates are presented for 192528 and 1996, and revised estimates are presented for 1993-95. Tables i and 2 present summary measures of net stocks for 1925-96, the entire period for which tangible wealth estimates are available; the other tables cover 1986-96. Estimates are presented in billions of dollars at current cost and in chain-type quantity indexes for private capital by type (tables 3 and 4), private capital by industry (tables 5 and 6), nonresidential private capital by major industry group and legal form of organization (tables 7 and 8), residential capital by owner, legal form of organization, and tenure group (tables 9 and 10), government-owned fixed capital (tables 11 and 12), and durable goods owned by consumers (tables 13 and 14). Table 15 presents summary measures of net stocks in chained (1992) dollars, Data availability The historical estimates for the tables presented below are available via the Economic Bulletin Board or the Internet from the Commerce Department's STAT-USA. In addition, at the end of September, these estimates, the corresponding estimates for consumption of fixed capital (CFG) and investment, and the historical-cost estimates for private net stocks, CFG, and investment will be available, for 1925-96 for most series, on diskette from BEA or online from STATUSA. To order on diskette, call the BEA order desk (1-800-704-0415 within the United States and (202) 606-9666 outside the United States) and request product number NDN0143. To subscribe to STAT-USA, either call (202) 482-1986 or visit the Internet site at http://www.stat-usa.gov. i. See the article on the annual NIPA revision in the August 1997 SURVEY OF CURRENT BUSINESS. For a description of the methods used to prepare the wealth estimates, see Arnold J. Katz and Shelby W. Herman, "Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95," SURVEY 77 (May 1997): 69-76. For a discussion of the theory and empirical literature underlying the methodology, see Barbara M, Fraumeni, "The Measurement of Depreciation in the U.S. National Income and Product Accounts," SURVEY (July 1997): 7-23- The publication Fixed Reproducible Tangible Wealth in the United States, 1925-94, which is scheduled to be published this winter, will present the estimates described above, plus additional estimates by industry and by type of asset for net stocks, CFG, investment, arid average age of net stocks. Estimates of the average age of stocks will be presented at current cost and for private stocks, at historical cost. Estimates (beginning in 1947) of net stocks and CFG for private nonresidential capital, equipment, and structures by two-digit sic industry will be presented at current cost, in chain-type quantity indexes, and at historical cost. Estimates of nonresidential net stocks and CFG by type of structure, type of equipment, legal form, and major industry group will be presented at current cost, in chain-type quantity indexes, and for private capital, at historical cost. Estimates of residential net stocks and CFG by legal form, type of structure, and type of owner will be presented at current cost, in chain-type quantity indexes, and for private capital, at historical cost. Estimates of investment by type of asset, major industry group, and legal form for structures for 1901-94, and for equipment and for durable goods owned by consumers for 1914-94, will be presented in chain-type quantity indexes and at historical cost In addition, BEA plans to release a CD-ROM this winter containing all of the above estimates plus estimates of investment, CFG, and net stocks by industry by type of asset for 1947-96 at current cost and in chain-type quantity indexes. Tables i through 25 follow. 5^1 Errata In table A of "Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95," which appeared in the May 1997 SURVEY, and table 3 of "The Measurement of Depreciation in the U.S. National Income and Product Accounts," which appeared in the July 1997 SURVEY, under "government nonresidential structures" the subheading "national defense" should have been omitted, and under "nonbuildings," the line item "military facilities" should have been inserted; "military facilities" has a depreciation rate of 0.0182, a service life of 50 years, a declining-balance rate ,of 0.91, and a Hulten-Wykoff category of C. In addition, in chart i of the May 1997 article, the labels on the solid blue and solid black lines were reversed. SURVEY OF CURRENT BUSINESS September 1997 Table 2.—Chain-Type Quantity Indexes for Net Stock of Fixed Reproducible Tangible Wealth, 1925-96 Table 1—Current-Cost Net Stock of Fixed Reproducible Tangible Wealth, 1925-96 [Billions of dollars; yearend estimates] Fixed private capital Yearend Total Nonresidential Total Total Equipment Structures Residential [Index numbers, 1992=100; yearend estimates] Government-owned fixed Durable capital goods owned State by conTotal Federal and sumers local 298.0 308.7 317.4 327.0 331.2 225.9 234.4 240.9 249.1 253.4 125.0 129.1 132.1 134.1 134.6 30.6 32.3 33.3 33.7 34.4 1)4.3 96.8 98.8 ..... 315.6 280.3 256.0 265.4 275.6 241.3 213.8 193.5 197.4 203.4 128.3 116.2 107.2 107.4 109.7 33.0 30.5 27.8 26.4 26.2 95.2 85.7 79.5 81.1 83.5 1935 ..... 1936 ..... 1937 o.... 1938 ..... 1939 ..... 281.7 303.3 322,3 326.3 334.8 206.5 221.2 235.7 237.7 242.8 111.2 117.8 124.7 123.7 124.7 26.1 27.4 29.8 29.7 30.0 85.1 90.5 94.9 94.0 94.7 103.3 111.0 114.0 118.1 49.9 55.5 58.5 60.6 63.0 1940 1941 1942 1943 1944 360.9 410.0 467.2 518.2 558.1 259.9 286.8 306.7 321.5 338.5 132.3 146.9 156.3 159.3 164.2 32.2 36.3 37.1 36.5 37.6 100.1 110.6 119.2 122.8 126.6 127.6 139.8 150.4 162.2 174.4 119.9 152.5 173.3 103.5 608.2 697.8 805.8 866.7 888.6 368.5 437.9 519.6 570.8 599.1 180.9 217.0 258.6 285.5 297.8 42.6 52.1 64.9 76.8 84.9 138.3 164.9 193.7 208.7 213.0 187.6 220.9 261.0 285.3 301.3 192.7 205.6 220.8 221.2 205.9 120.1 124.2 123.3 114.9 104.6 973.9 1,074.4 1,137.6 1,182.4 1,234.3 658.3 721.5 761.0 792.1 825.9 325.6 359.1 379.4 394.6 408.1 96.5 107.7 115.0 123.0 129.3 229.1 251.4 264.4 271.6 278.8 332.6 362.3 381.7 397.5 417.9 216.9 242.3 259.0 264.8 279.4 888.6 958.5 1,006.3 1,037.6 1,076.5 441.1 486.8 518.3 534.7 552.2 141.8 158.4 172.4 178.9 187.6 299.3 328.4 345.9 355.7 364.6 447.5 471.7 488.0 503.0 524.4 1925 ..... 1926 ..... 1927 1928 1929 ... .. 1930 1931 1932 1933 1934 ..... 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 ..... ..... ..... ..... ..... ..... 100.4 100.2 30.8 32.0 33.2 32.0 33.4 34.6 42.1 41.5 9.2 9.0 8.7 8.5 7.8 33.7 33.7 40.4 36.7 36.3 42.6 46.8 7.3 6.8 6.5 7.4 8.4 9.7 101.0 105.3 108.8 115.0 118.8 40.0 40.9 41.9 113.0 97.6 86.3 89.9 93.8 95.4 Fixed private capital Yearend 1925 ..... ..... ..... 35.7 36.2 1926 1927 1928 1929 33.0 30.0 29.8 35.2 38.4 34.0 29.8 26.2 25.4 25.3 1930 1931 1932 1933 1934 ..... 40.2 44.2 46.0 47.4 49.2 25.3 26.7 28.2 28.0 28.9 1935 1936 1937 1938 1939 53.6 62.4 70.2 71.5 69.8 31.6 36.4 40.7 44.2 46.3 1940 1941 1942 1943 1944 72.6 81.4 97.6 106.3 101.4 47.0 54.3 65.3 74.8 83.6 1945 1946 1947 1948 1949 102.6 113.7 122.7 130.3 139.0 114.3 128.6 136.3 134.4 140.4 98.7 110.7 117.6 125.5 128.9 1950 1951 1952 1953 1954 301.4 335.1 349.7 367.2 377.4 145.7 158.5 165.0 170.2 173.8 155.7 176.5 184.7 197.0 203.6 138.1 148.7 157.8 161.6 166.9 1955 1956 1957 1958 1959 69.4 86.8 11.3 12.4 13.2 13.9 15.8 24.4 49.7 81.1 ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... ..... Total Nonresidential Total Total Equip- Strucment tures Residential Government-owned fixed Durable capital goods owned State Total Federal and by consumers local 6.40 6.76 7.44 7.37 7.34 10.25 10.82 11.50 12.21 12.96 12.00 12.67 13.21 13.60 14.09 7.40 7.55 7.80 8.31 9.00 13.85 14.74 15.41 15.74 16.16 7.82 7.69 7.35 7.03 6.82 21.52 21.63 21.77 21.91 22.18 14.63 15.48 16.19 16.99 17.91 9.96 10.88 11.69 12.47 13.21 16.54 17.36 18.03 18.84 19.82 6.77 6.95 7.19 7.20 7,42 10.03 30.23 30.39 30.20 29.89 29.69 22.50 22.86 22.89 22.78 22.66 18.78 20.89 26.48 33.41 39.33 14.41 20.67 40.63 66.81 89.74 20.54 20.96 21.05 20.92 20.75 7.79 8.04 7.98 7.77 7.52 21.63 22.45 23.43 24.45 25.19 10.78 11.92 13.57 15.15 16.16 29.67 30.19 30.63 31.20 31.73 22.56 23.12 23.95 24.99 25.90 41.68 38.67 35.87 33.72 33.01 QQ no 87.55 76.22 66.79 62.10 20.61 20.67 20.94 21.37 22.07 7.44 8.23 9.34 10.42 11.54 26.63 27.60 28.49 29.47 30.44 26.07 26.95 27.73 28.65 29.45 17.29 18.34 19.22 20.24 20.96 32.39 33.12 33.82 34.64 35.49 27.25 28.31 29.32 30.36 31.51 32.39 33.54 35.20 37.05 38.76 57.49 59.36 63.17 67.39 70.35 22.92 23J9 24.66 25.64 26.87 ,13.08 14.05 14.76 15.74 16.49 31.62 32.80 33.91 34.85 36.09 31.62 32.77 33.86 34.75 35.90 30.43 31.52 32.57 33.22 34.06 21.97 22.96 23.94 24.25 24.91 36.42 37.57 38.65 39.56 40.52 32.90 34.13 35.26 36.41 37.92 40.25 41.66 43.08 44.73 46.63 72.17 73.66 74.88 76.51 79.01 28.23 29.61 31.09 32.73 34.40 17.80 18.65 19.36 19.61 20.31 37.26 38.41 39.77 41.26 42.94 37.02 38.10 39.35 40.74 42.35 34.99 35.86 36.91 38.04 39.48 25.62 26.18 27.06 28.12 29.56 41.61 42.70 43.85 45.01 46.38 39.27 40.59 42.07 43.76 45.57 48.36 50.42 52.51 54.48 56.47 80.92 83.63 86.33 88.12 89.52 36.06 37.86 39.72 41.76 43.95 20.92 21.26 22.07 23.16 24.52 19.51 27.47 28.32 29.15 29.92 30.80 19.01 19.83 20.59 21.26 21.68 9.51 9.89 10.34 10.82 11.35 7.65 7.54 9.36 8.98 31.41 31.52 31.33 30.97 30.66 21.81 21.87 21.77 21.63 21.52 8.86 9.03 9.39 9.29 9.31 30.41 30.32 30.41 30.32 30.26 9.64 19.89 20.57 9.55 9.99 21.16 21.68 22.40 10.25 10.45 10.92 22.35 22.32 22.01 21.64 21.39 22.77 22.65 22.18 21.62 21.25 10.99 10.66 10.00 17.58 17.85 18.17 18.34 18.64 21.28 21.36 21.55 21.56 21.68 21.05 • 21.09 21.33 21.23 21.21 19.04 19.73 20.80 22.00 23.02 21.92 22.28 22.20 22.00 21.95 21.37 21.73 21.55 21.28 21.29 23.50 23.59 23.92 24.41 25.05 22.07 22.76 23.67 24.69 25.52 25.99 27.02 28.05 29.23 30.32 15.38 16.00 16.58 17.11 17.66 20.26 20.92 21.52 22.10 17.96 18.04 17.87 17.64 17.54 10.15 10.00 9.80 v7«7.U%7 7.06 7.35 7.72 1955 1956 1957 1958 1959 ..... ..... 1,328.0 1,442.2 1,513.8 1,566.4 1,620.9 1960 1961 1962 1963 1964 ..... ..... ..... ..... ..... 1,675.9 1,732.5 1,806.7 1,877.0 1,991.7 1,112.5 1,146.2 1,188.3 1,226.0 1,307.1 566.9 580.4 600.9 623.3 655.8 193.3 197.3 204.6 212.9 226.0 373.6 383.2 396.2 410.4 429.7 545.6 565.7 587.4 602.8 651.3 391.7 412.0 438.3 460.9 484.3 178.4 186.1 196.4 203.0 209.4 213.3 226.0 241.9 258.0 274.9 171.7 174.3 180.1 190.0 200.3 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 ..... 2,123.0 2,302.5 2,481.3 2,725.5 2,974.1 1,395.5 1,513.1 1,626.1 1,790.5 1,947.9 702.4 762.6 825.1 903.6 997.4 243.4 270.9 297.2 328.0 362.1 458.9 491.7 527.9 575.5 635.3 693.1 750.5 801.0 886.9 950.5 515.4 557.4 601.6 652.9 719.2 216.2 227.0 240.6 252.6 266.8 299.2 330.4 361.0 400.3 452.3 212.1 232.0 253.6 282.1 307.1 1965 1966 1967 1968 1969 44.85 46.87 48.74 50.75 52.73 44.18 46.05 47.74 49.58 51.52 41.40 43.60 45.55 47.55 49.72 31.67 34.26 36.44 38.76 41.32 48.10 49.93 51.63 53.34 55.16 47.28 48.77 50.16 51.81 53.50 58.45 60.71 63.05 65.17 67.01 90.46 91.98 93.36 93.63 93.44 46.31 48.83 51.50 54.28 56.85 26.39 28.49 30.34 32.67 34.77 1970 1971 1972 1973 1974 3,238.5 3,564.0 3,946.7 4,481.4 5,280.8 2,105.5 2,337.5 2,600.6 2,967.7 3,447.2 1,100.1 1,207.4 1,332.9 1,511.3 1,792.4 397.7 702.3 1,005.4 802.1 425.4 782.1 1,130.1 874.1 455.2 877.7 1,267.7 964.4 508.8 1,002.5 1,456.4 1,090.9 631.0 1,161.5 1,654.7 1,346.2 285.3 303.8 339.3 373.2 433.4 516.8 570.3 625.0 717.7 912.8 331.0 352.4 381.8 422.8 487.4 1970 1971 1972 1973 1974 54.40 56.20 58.43 60.73 62.54 53.23 55.13 57.53 60.02 62.04 51.60 ' 43.32 53.32 45.08 55.61 47.46 50.92 58.11 54.11 60.38 56.92 58.59 60.80 62.69 64.36 55.01 57.11 59.63 62.11 63.85 68.54 69.75 71.02 72.08 73.13 92.86 91.51 90.89 89.64 88.43 59.11 61.22 63.17 65.09 66.96 36.24 38.22 40.83 43.97 45.87 1975 1976 1977 1978 1979 5,752.5 6,275.8 7,000.6 7,922.8 9,092.1 3,802.4 4,198.1 4,766.5 5,450.0 6,293.1 2,010.6 719.8 1,290.8 2,203.5 798.0 1,405.6 2,442.8 895.8 1,547.0 2,761.6 1,020.0 1,741.6 3,170.1 1,185.4 1,984.7 1,791.7 1,994.6 2,323.7 2,688.4 3,123.0 1,413.3 1,488.0 1,580.1 1,733.3 1,967.7 459.3 953.9 493.7 994.3 521.0 1,059.0 567.3 1,166.0 630.4 1,337.3 536.9 589.7 654.1 739.5 831.3 1975 1976 1977 1978 1979 63.93 65.62 67.68 70.06 72.44 63.49 65.23 67.46 70.09 72.79 61.91 63.51 65.55 68.16 71.09 55.89 57.88 60.81 64.75 68.95 65.72 67.07 68.52 70.27 72.39 65.21 67.10 69.55 72.20 74.66 74.18 75.17 76.01 77.02 78.18 87.48 86.62 85.83 85.13 84.65 68.75 70.47 71.97 73.70 75.54 47.52 50.09 53.16 56.33 58.89 1980 1981 1982 1983 1984 10,323.2 11,335.5 11,952.7 12,352.0 13,034.6 7,153.6 7,870.9 8,317.9 8,605.8 9,090.1 3,640.9 4,089.3 4,364.8 4,494.5 4,745.4 1,375.2 1,530.3 1,611.9 1,666.4 1,747.3 2,265.6 2,559.0 2,752.9 2,828.2 2,998.1 3,512.8 3,781.6 3,953.1 4,111.3 4,344.7 2,251.4 2,476.8 2,608.0 2,658.5 2,774.3 697.7 740.1 778.4 806.6 866.9 1,553.6 918.2 1,736.6 987.9 1,829.6 1,026.8 1,852.0 1,087.6 1,907.4 1,170.2 1980 1981 1982 1983 1984 74.27 76.04 77.38 79.09 81.53 74.93 77.02 78.54 80.31 82.81 73.68 76.39 78.46 80.22 82.98 71.95 74.76 76.22 77.86 81.11 74.73 77.38 79.81 81.65 84.11 76.32 77.73 78.66 80.44 82.64 79.37 80.43 81.41 82.55 84.01 84.38 84.44 84.81 85.78 87.11 77.34 78.80 80.02 81.24 82.76 59.95 61.05 61.92 64.34 68.22 1985 1986 1987 1988 1989 13,737.3 14,614.9 15,503.2 16,501.3 17,447.4 9,583.1 10,175.5 10,796.1 11,500.3 12,149.4 5,004.9 5,241.5 5,528.4 5,897.6 6,238.3 1,850.3 1,965.7 2,062.5 2,195.5 2,322.0 3,154.5 3,275.7 3,465.8 3,702.1 3,916.3 4,578.2 4,934.1 5,267.7 5,602.7 5,911.1 2,889.2 889.4 3,049.7 917.4 3,200.2 938.8 3,359.6 993.7 3,534.6 1,041.9 1,999.9 2,132.3 2,261.3 2,365.9 2,492.7 1,265.0 1,389.6 1,506.9 1,641.4 1,763.4 1985 1986 1987 1988 1989 84.21 86.94 89.53 92.08 94.52 85.45 88.00 90.40 92.77 95.02 86.03 88.49 90.70 92.95 95.20 84.45 87.32 89.63 92.30 95.03 86.98 89.20 91.34 93.34 95.30 84.85 87.47 90.08 92.57 94.83 85.84 87.86 89.98 91.90 93.84 89.01 91.20 93.67 95.16 96.57 84.55 86.51 88.48 90.57 92.72 72.81 78.12 82.88 87.91 92.58 1990 1991 1992 1993 1994 18,283.7 18,717.5 19,479.8 20,507.9 21,716.6 12,706.7 12,955.2 13,484.1 14,198.8 15,064.5 6,559.4 6,696.7 6,892.7 7,215.6 7,598.7 2,452.2 2,519.5 2,590.0 2,686.7 2,823.1 4,107.3 4,177.2 4,302.7 4,528.9 4,775.6 6,147.3 6,258.5 6,591.4 6,983.1 7,465.8 3,710.7 3,827.2 3,990.7 4,201.2 4,425.8 2,621.1 2,700.6 2,821.8 2,974.3 3,162.8 1,866.3 1,935.1 2,005.0 2,107.9 2,226.3 1990 1991 1992 1993 1994 96.74 98.29 100.00 102.03 104.29 97.07 98.49 100.00 101.94 104.15 97.36 98.72 100.00 101.74 103.82 97.22 98.39 100.00 102.72 106.61 97.44 98.92 100.00 101.16 102.20 96.77 98.24 100.00 102.15 104.49 95.99 97.96 100.00 101.73 103.27 98.03 99.13 100.00 100.14 99.86 95.15 97.48 100.00 102.39 104.70 96.04 97.58 100.00 103.27 107.30 22,718.3 15,738.6 7,960.0 2,989.3 4,970.8 7,778.5 4,656.3 1,296.5 3,359.8 2,323.4 23,773.6 16,503.4 8,332.2 3,168.9 5,163.3 8,171.2 4,855.0 1,332.8 3,522.2 2,415.2 1995 1996 106.79 109.67 106.67 109.58 106.56 109.87 111.70 117.69 103.61 105.43 106.78 109.30 104.90 106.76 99.57 99.86 107.13 109.64 111.54 116.27 ..... ..... 1995 ..... 1996 ..... 1,089.6 1,126.6 1,168.9 1,227.0 1,263.0 ..... ..... ..... ..... ..... September SURVEY OF CURRENT BUSINESS 39 Table 3.—Current-Cost Net Stock of Fixed Private Capital, Equipment and Structures, by Type, 1986-96 [Billions of dollars; yearend estimates] Line Fixed private capital Private producers' durable equipment Nonresidential equipment Information processing and related equipment Office, computing, and accounting machinery Computers and peripheral equipment ... Other office equipment Communication equipment .. Instruments .... ... .. . . Photocopy and related equipment Industrial equipment Fabricated metal products Engines and turbines Steam engines Internal combustion engines Metalworking machinery Special industry machinery, n e e . General industrial, including materials handling, equipment Electrical transmission, distribution, and industrial apparatus .... Transportation and related equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment Other equipment Furniture and fixtures .... Household furniture Other furniture Tractors . . . . Farm tractors Construction tractors Agricultural machinery except tractors Construction machinery, except tractors Mining and oilfield machinery Service industry machinery Electrical equipment, n.e.c Household appliances Other . . . Other nonresidential equipment Residential equipment Private structures Nonresidential structures Nonresidential buildings, excluding farm Industrial buildings Office buildings f Commercial buildings Mobile structures Other commercial2 Religious buildings Educational buildings Hospital and institutional buildinas Other . Hotels and motels Amusement and recreational buildings Other nonfarm buildings3 Utilities Railroad Telecommunications Electric light and power Gas Petroleum pipelines Farm related buildings and structures Mining exploration, shafts, and wells Petroleum and natural gas Other mining Other nonfarm structures4 Residential structures Housing units Permanent site 1-to-4-unit . .. 5-or-more-unit Mobile homes Improvements Other residential 5 1 2 3 1986 1987 1989 1992 1991 1990 1993 1994 1995 1996 10,175.5 10,796.1 11,500.3 12,149.4 12,706.7 12,955.2 13,484.1 14,198.8 15,064.5 15,738.6 2,004.1 2,103.6 2,239.7 2,369.1 2,501.7 2,570.3 2,642.7 2,742.1 2,881.7 3,050.3 3,232.9 1,965.7 2,062.5 2,195.5 2,322.0 2,452.2 2,519.5 2,590.0 2,686.7 2,823.1 2,989.3 3,168.9 4 5 6 7 8 g 10 459.3 103.3 779 492.7 111.3 865 525.8 118.4 952 558.2 124.5 585.8 124.0 603.2 119.0 995 629.0 120.7 650.4 128.3 673.8 138.5 704.0 151.2 1033 20.7 1010 19.7 1079 20.4 1180 20.6 1304 20.9 785.4 175.7 153.9 330.8 333.0 335.3 342.7 1241 75.8 1306 79.4 16,503.4 25.4 24.9 23.2 1020 22.4 242.8 664 258.0 729 274.4 791 289.9 860 305.6 952 318.9 101 4 46.9 50.4 53.9 57.8 61.0 64.0 1099 67.5 1179 71.2 11 684.5 724.1 770.2 822.9 877.1 898.3 916.8 945.7 991.4 12 13 14 78.0 34.8 30.8 78.8 35.7 31.7 83.5 37.3 33.1 85.3 45.5 40.9 86.8 48.4 43.8 87.7 50.8 46.0 86.7 51.8 47.1 87.0 53.2 48.2 90.3 56.8 51.5 93.5 58.4 52.5 95.7 59.7 53.5 15 16 4.0 136.6 4.0 142.7 4.3 148.9 4.6 155.6 4.6 164.5 4.8 167.1 5.9 197.0 1365 1484 1600 1718 1876 1934 2182 2321 18 19 142.2 156.4 152.9 165.6 164.5 176.0 173.5 191.3 183.6 206.2 185.7 213.6 5.0 174.4 2075 194.9 228.7 5.4 183.0 17 4.7 168.8 199.4 189.0 221.0 202.5 240.5 212.5 256.7 6.3 205.8 240.0 220.8 261.6 20 21 22 23 411.6 138.9 455.8 157.2 473.0 158.6 95.3 491.2 160.6 102.5 510.0 169.1 107.6 121.2 538.9 185.5 111.7 127.1 581.2 210.1 124.6 129.2 627.2 236.8 131.1 45.1 45.6 44.7 19.5 1,050.3 21.8 391.5 136.2 82.0 1,083.6 415.9 142.0 443.2 153.8 80.7 81.2 45.0 82.8 84.4 44.2 88.9 89.9 96.0 45.6 104.7 45.1 658 625 643 671 688 682 671 690 727 788 783 ?6 27 410.3 429.9 456.3 485.0 516.3 526.8 607.7 1036 1144 1255 1359 1400 1630 86.3 95.8 8.3 106.1 8.7 116.8 8.9 127.0 9.0 131.0 1750 10.1 639.4 186.2 7.4 551.8 153.8 9.4 144.4 576.6 28 29 534.2 146.1 9.1 137.0 30 447 453 468 491 521 541 541 551 572 591 609 31 32 35.3 35.4 36.6 10.2 38.1 11.0 40.3 11.8 42.3 11.8 42.4 11.7 43.2 11.9 45.1 12.1 46.8 12.3 48.2 12.7 24 25 937 9.4 7.8 9.8 913 45.6 1144 45.5 9.7 153.3 1362 44.3 164.9 660.5 259.6 138.0 140.3 44.4 10.5 175.7 33 603 584 592 619 645 654 649 656 671 699 722 34 35 36 37 38 39 40 56.3 21.9 44.6 27.9 59.9 20.0 48.0 30.5 61.7 19.2 52.6 32.8 65.2 18.4 55.7 35.0 69.0 17.9 59.3 38.9 66.0 15.3 60.3 44.6 66.8 14.6 61.0 47.2 69.6 14.0 64.5 48.9 73.2 13.8 69.2 50.3 77.1 13.3 76.7 50.9 3.5 244 3.7 268 4.0 288 4.2 308 4.5 344 66.7 16.7 61.0 41.5 .4.5 370 4.9 440 5.1 452 64.1 69.6 74.3 78.7 40.1 83.0 4.7 425 60.9 87.7 92.4 97.2 5.2 457 102.1 41 38.4 41.0 44.2 47.2 49.5 81.2 50.8 42 8,171.4 8,692.5 43 3,275.7 3,465.8 3,702.1 3,916.3 4,107.3 4,177.2 44 45 46 47 1,926.6 469.0 425.8 474.1 2,067.1 490.8 463.9 514.8 2,215.5 514.4 504.8 557.4 2,371.9 544.7 545.9 600.1 2,517.9 574.7 583.9 638.9 2,593.9 589.7 611.2 653.7 48 49 50 51 52 53 54 55 56 57 5R 59 60 61 9,260.6 9,780.3 10,205.0 10,384.9 4.6 52.6 10,841.4 55.4 58.6 61.0 64.1 11,456.7 12,182.8 12,688.3 13,270.4 4,302.7 4,528.9 4,775.6 4,970.8 5,163.3 2,686.1 613.0 625.4 678.7 2,834.9 636.2 670.1 717.2 3,011.3 673.6 707.8 765.0 3,144.1 700.7 736.5 803.8 3,299.0 725.9 767.1 855.8 4.0 4.5 5.0 5.6 6.1 6.4 6.6 7.2 7.9 8.3 8.7 470.1 510.3 552.4 107.2 594.5 632.8 117.8 672.1 123.5 108.0 259.8 277.6 139.2 710.1 757.1 1294 1366 114.7 276.7 290.6 145.9 123.5 297.9 307.0 153.7 795.5 141.4 130.2 311.6 319.9 161.0 847.1 146.2 138.0 325.6 340.5 173.3 70.2 68.2 73.7 71.0 78.6 83.2 75.7 88.7 96.2 77.1 1016 83.2 88.2 1131 93.9 181.0 203.5 194.0 218.9 103.6 208.8 234.6 112.1 223.8 250.4 121.7 238.0 265.3 131.8 647.4 119.7 102.6 246.2 270.8 135.6 56.2 59.1 59.9 62.7 63.7 66.5 67.0 67.8 67.4 94.4 53.3 55.8 860.9 249.0 138.6 331.6 109.1 9021 258.8 142.7 352.4 114.5 950.9 260.3 156.7 376.3 122.3 651 9965 265.7 171.8 393.4 129.2 99.2 1,016.7 266.7 177.7 403.1 132.8 1,032.3 266.7 181.1 410.9 136.8 1,062.0 272.4 185.3 423.8 143.1 1,120.2 290.1 194.0 443.4 153.0 747 1 159.7 294.0 204.8 459.6 160.0 1,199.7 300.3 218.3 476.5 163.1 785 1,236.4 311.1 229.9 481.8 170.4 62 32.6 33.7 35.4 36.4 36.4 36.8 37.5 39.6 41.2 41.5 43.2 63 167.4 247.6 221.3 172.0 244.7 218.0 176.2 275.2 247.8 180.2 276.4 248.3 183.1 290.5 261.7 182.0 263.8 234.7 183.5 259.0 229.3 194.3 260.1 229.2 201.6 274.5 241.6 204.6 283.7 250.0 206.1 278.5 244.5 26.3 73.2 26.8 79.9 27.4 84.4 28.1 91.2 28.8 99.1 29.0 29.7 31.0 32.9 33.7 34.1 105.2 112.1 119.4 128.4 138.7 143.3 64 65 66 67 6R 4,895.7 5,226.7 5,558.5 5,864.0 6,097.8 6,207.7 6,538.7 6,927.8 7,407.2 7,717.5 8,107.1 69 70 71 7? 73 4,026.3 3,948.2 3,328.4 619.8 4,299.9 4,214.2 35496 664.6 4,565.6 4,476.6 37809 695.7 4,807.6 4,716.0 40054 710.6 4,984.1 4,884.7 41579 726.8 5,057.2 4,959.6 42264 733.2 78.2 85.7 88.9 74 75 846.4 902.8 968.1 5,327.0 5,226.1 44653 760.7 100.9 1,185.1 5,667.3 5,557.9 47961 761.9 109.4 1,232.6 6,078.4 5,956.2 51823 773.8 122.2 1,299.8 6,322.4 6,190.1 53985 791.5 132.3 1,365.8 6,639.3 6,497.7 56629 834.8 141.5 1,438.0 23.0 23.9 n.e.c. Not elsewhere classified. 1. Consists of office buildings, except those occupied by electric and gas utility companies. 2. Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for commercial purposes. 1988 24.8 91.6 1,030.6 25.7 99.3 1,087.4 26.3 97.6 1,124.7 25.9 26.6 27.8 29.0 29.3 29.9 3. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 4. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields. 5. Consists primarily of dormitories, fraternity and sorority houses, and nurses' homes. 40 • September 2997 SURVEY OF CURRENT BUSINESS Table 4—Chain-Type Quantity Indexes for Net Stock of Fixed Private Capital, Equipment and Structures, by Type, 1986-96 [Index numbers, 1992=100; yearend estimates] Line Fixed private capital Private producers" durable equipment .................... NonresidentiaB equipment ............................................ Information processing and related equipment ............................... Office, computing, and accounting machinery Computers and peripheral equipment Other office equipment .... Communication equipment Instruments Photocoov and related eauioment Industrial equipment Fabricated metal products Engines and turbines Steam engines Internal combustion engines Metalworking machinery Special industry machinery, n.e.c General industrial, including materials handling, equipment Electrical transmission, distribution, and industrial apparatus .... Transportation and related equipment Trucks, buses, and truck trailers Autos Aircraft ... .... ..... .... Ships and boats Railroad equipment Other equipment Furniture and fixtures Household furniture ... Other furniture Tractors Farm tractors Construction tractors Agricultural machinery, except tractors Construction machinery, except tractors Mining and oilfield machinery „ Service industry machinery Electrical equipment, n.e.c Household aooliances Other Other nonresidential equipment Residential equipment Private structures Nonresidential structures Nonresidential buildings, excluding farm Industrial buildings Office buildings * Commercial buildings Mobile structures Other commercial2 Religious buildings Educational buildings Hospital and institutional buildings Other Hotels and motels Amusement and recreational buildings Other nonfarm buildinos3 Utilities Railroad . Telecommunications Electric light and power Gas Petroleum pipelines Farm related buildings and structures Mining exploration, shafts, and wells Petroleum and natural gas Other mining Other nonfarm structures4 Residential structures Housing units Permanent site 1-to-4-unit 5-or-more-unit Mobile homes Improvements Other residential5 ... 1986 1987 1989 1990 1991 1992 1993 1994 1995 1996 1 88.00 90.40 92.77 95.02 97.07 98.49 100.00 101.94 104.15 106.67 2 87.10 89.45 92,17 94.94 97.16 98.37 100.00 102.74 106.62 111.68 117.63 3 87.32 89.63 92.30 95.03 97.22 98.39 100.00 102.72 106.61 111.70 117.69 4 5 70.83 51.55 4045 13985 77.58 7330 8269 76.00 59.61 81.30 66.84 5925 11862 86.52 86.84 75.82 6998 11303 90.75 8589 9203 91.24 81.69 7772 105.29 94.58 9090 9452 94.86 87.31 9935 97.21 9509 9752 100.00 100.00 10000 10000 100.00 10000 10000 106.40 120.18 12420 101.27 102.41 10534 10427 113.96 144.51 15449 101.08 106.50 10932 109.02 125.25 189.31 211.49 101.82 112.84 112.73 112.00 140.31 264.83 308.42 108.04 120.39 116.19 113.98 97.51 102.23 9439 93.49 103.51 101.13 95.79 100.62 92.53 98.84 101.53 9546 94.79 102.28 101.27 98.13 101.24 95.33 99.38 100.79 9784 97.48 101.47 10038 99.14 100.53 97.65 100.00 100.00 10000 100.00 100.00 10000 100.00 100.00 100.00 101.38 100.07 10212 102.13 102.06 100.48 101.85 100.70 102.57 103.55 100.95 10456 104.33 106.76 102.74 104.03 102.25 105.65 106.34 101.72 105.58 104.68 114.34 106.16 107.46 104.37 109.13 108.92 102.72 105.86 104.57 118.43 109.54 109.64 107.35 112.29 97.94 102.83 89.86 98.93 98 99 97.44 103.69 101.16 100.00 100.00 100.00 10000 100.00 100.00 102.30 105.33 100.93 10225 98.25 99.65 106.91 115.39 109.20 100.57 95.33 100.79 111.87 127.18 113.03 101.80 92.42 102.22 116.89 139.25 117.20 103.08 89.79 102.81 6 7 8 9 10 11 12 13 14 15 16 5014 129.01 81.59 7728 85.36 8130 8822 8514 109.58 93.64 104.17 91.66 90.92 99.34 99.24 89.04 97.27 86.63 91.54 102.25 9958 91.98 99.26 89.42 119.73 110.84 96.49 99.72 86.38 8784 116.15 106.56 98.20 102.09 90.43 9084 113.11 103.91 109.72 102.98 98.54 101.50 93.33 9397 106.61 102.22 38 39 40 92.60 76.52 9654 75.19 104.38 10534 101.08 111.86 109.35 172.67 89.15 7086 91.33 68.56 85.80 93.82 81.38 9848 80.25 102.34 10291 100.45 106.61 108.42 154.80 93.63 74.65 93.46 72.53 88.82 95.36 85.45 10005 84.49 101.20 10221 97.79 104.07 107.18 140.97 97.99 78.16 96.14 76.12 92.35 98.10 90.79 10093 90.12 102.15 10204 102.60 104.48 108.69 130.61 99.90 83.44 98.85 81.69 95.87 100.43 94.78 10098 94.37 103.66 102.98 106.14 105.72 109.77 120.66 102.49 88.95 99.71 87.72 97.92 100.42 96.81 10022 96.59 102.77 10243 103.99 103.85 104.46 110.04 103.27 9443 99.31 93.87 98.81 100.00 100.00 10000 100.00 100.00 10000 100.00 100.00 100.00 100.00 100.00 10000 100.00 100.00 100.00 101.19 103.04 10043 103.21 99.71 10028 97.68 98.79 99.09 93.67 99.38 104.87 101.98 105.20 103.18 103.29 105.84 101.74 106.12 101.34 10261 96.85 99.07 100.51 87.79 103.02 107.43 104.43 107.77 106.40 106.07 110.10 103.22 110.55 103.25 105.11 96.65 99.89 103.15 83.85 107.46 109.26 107.35 109.47 109.34 109.92 115.18 105.88 115.79 105.60 107.84 97.69 101.40 106.11 78.91 117.36 111.42 110.74 111.49 112.59 41 76.62 81.36 86.09 90.46 94.13 97.03 100.00 103.36 107.18 111.01 114.80 42 88.21 90.62 92.91 95.04 97.05 98.52 100.00 101.75 103.57 105.50 107.74 43 89.20 91.34 93.34 95.30 97.44 98.92 100.00 10116 102.20 103.61 105.43 44 45 46 47 48 49 50 51 52 53 54 55 56 84.02 89.25 80.92 81.47 7273 81.56 9090 83.26 81 26 85.42 79.03 8849 9528 87.03 90.22 85.10 85.42 7874 85.48 90.08 91.37 89.28 89.36 8446 89.40 9437 88.84 87.40 91.88 87.53 92.73 9989 93.17 93.48 93.20 92.94 9005 92.97 9627 91.36 90.56 94.76 91.83 95.23 10027 96.31 96.18 96.48 96.54 9532 96.56 9785 94.20 9396 97.99 97.00 98.44 98.36 98.72 98.46 9826 98.47 10091 97.05 9687 99.67 99.51 9863 101 07 100.00 100.00 100.00 100.00 10000 100.00 10000 100.00 10000 100.00 100.00 10000 10000 101.38 100.17 101.51 101.96 101 54 101.97 101 10 102.47 10272 100.79 101.03 10125 9984 102.97 101.44 102.54 103.93 10327 103.94 10206 105.40 10571 101.88 101.79 10320 10073 105.02 103.03 104.24 106.63 10536 106.64 10323 108.64 108.08 103.76 104.25 10683 9960 107.92 104.54 106.37 111.20 10795 111.24 104.47 112.77 110.59 108.01 109.82 111.45 10081 57 58 59 60 61 6? 9588 106.47 85.45 93.82 9280 105.96 104.60 9756 104.20 91.54 96.78 9377 103.24 9809 103.15 94.06 97.45 9476 101.75 102.07 96.43 98.60 9594 100.47 9944 100.93 98.21 99.61 9756 100.12 10000 100.00 100.00 100.00 10000 100.00 10059 99.08 101.66 100.86 101 42 100.18 10076 98.22 103.71 100.77 101 99 100.25 101 29 97.42 106.33 101.20 10288 100.00 101 73 96.92 109.22 101.28 10323 99.92 63 64 65 66 67 106.44 108.55 10923 103.00 74.53 105.51 107.09 10779 101.38 79.05 104.41 105.83 10653 100.11 82.17 103.20 103.93 10449 99.40 85.88 102.29 102.97 10344 9927 9038 101.36 101.90 10217 102.10 99.14 9897 10048 10432 10129 98.31 9782 10199 10795 100.48 9736 9676 101 92 111 30 99.14 95.89 9460 100.00 100.00 10000 10000 10000 101 14 11337 68 87.57 90.15 92,63 94.87 96.79 98.25 100.00 102.14 104.47 106.75 109.25 69 70 71 72 73 74 75 88.16 88.03 8698 90.65 90.53 8958 9418 9611 96.61 87.64 101.23 95.08 95.01 9437 9877 98.81 93.74 101.69 96.92 96.87 9640 9965 9929 98.37 98.36 9809 9997 94.83 84.54 100.82 92.96 92.87 9209 9745 97.93 9090 101.42 9611 9764 100.98 10000 100.00 10000 10000 10000 10000 100.00 102.00 102.00 10237 9978 10202 10283 99.67 10420 104.17 10501 9905 10556 10587 98.53 10643 106.36 10745 9964 11007 10842 97.95 10899 10886 11022 10047 11521 11075 97.69 17 18 19 ?0 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 92.28 106.30 9195 90.65 104.54 9934 86.48 95.27 84.04 95.75 96.90 85.95 8511 9261 86.64 8408 88.64 83.68 90.14 9721 9701 105.36 88.47 96.05 9318 n.e.c. Not elsewhere classified. 1. Consists of office buildings, except those occupied by electric and gas utility companies. 2. Consists primarily of stores, restaurants, garages, service stations, warehouses, and other buildings used for commercial purposes. 1988 95.33 102.80 9251 9104 9711 9881 102.29 9717 9910 9981 9910 9521 3. Consists of buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 4. Consists primarily of streets, dams, reservoirs, sewer and water facilities, parks, and airfields. 5. Consists primarily of dormitories, fraternity and sorority houses, and nurses' homes. SURVEY OF CURRENT BUSINESS September 1997 • 41 Tabie 5,-Current-Cost Net Stock of Fixed Private Capital Nonresidentiai and Residential, by Industry, 1986-96 Line Fixed private capital Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 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 products ... Textile mill products Apparel ana 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 Wholesale trade . Retail 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 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 Residential , Farms Real estate l 1 2 3 1987 1986 1988 1991 1990 1992 1994 1993 1995 1996 10,796.1 11,500.3 12,149.4 12,706.7 12,955.2 13,484.1 14,198.8 15,064.5 15,738.6 16,503.4 5,241.5 5,528.4 5,897.6 6,238.3 6,559.4 6,696.7 6,892.7 7,215.6 7,598.7 7,960.0 8,332.2 286.7 2607 289.9 262.7 297,8 268.8 307.4 276.4 316.9 283.0 320.4 283.9 323.7 2845 334.0 291.7 348.3 302.4 358.7 310.1 366.6 315.3 26.0 27.3 29.1 31.0 34.0 36.4 39.1 42.3 45.9 48.6 51.3 390.0 387.3 421.3 424.6 440.7 412.9 406.2 409.7 427.9 441.2 436.4 28.0 30.1 3131 16.1 28.5 30.7 28.7 31.1 3447 3466 10 27.8 30.0 3165 15.7 11 67.3 69.5 4 5 fi 7 8 9 17.4 18.2 29.0 31.5 3613 18.8 71.6 74.6 76.9 29.0 31.1 29.8 31.0 30.8 31.9 32.8 33.8 34.5 35.5 35.2 36.2 333.9 3268 3282 341.6 350.8 344.4 18.9 18.6 18.8 19.7 20.5 20.8 75.1 74.6 76.9 80.8 84.6 88.2 12 991.8 1,036.5 1,082.1 1,138.1 1,203.3 1,231.7 1,263.5 1,303.3 1,361.9 1,430.4 1,480.4 13 14 15 16 17 18 19 531.0 555.0 575.1 600.5 629.8 6386 649.9 668.0 697.6 732.8 759.5 22.6 23.2 23.8 24.4 10.5 38.8 25.1 11.0 40.1 24.9 11.0 40.0 25.5 11.7 40.3 26.9 12.3 41.3 28.4 12.9 42.6 29.3 13.3 43.4 113.8 117.7 118.6 120.0 123.4 126.6 127.8 64.8 67.9 68.5 25.0 11.2 40.1 1190 69.4 71.5 74.8 79.1 81.9 104.6 110.0 111.3 113.4 115.8 91.5 63.4 48.8 42.8 11.4 93.3 65.5 49.4 44.5 11.5 95.7 67.1 99.8 71.0 51.8 48.2 12.3 120.3 107.3 125.0 118.6 128.6 128.8 37.4 10.5 86.1 59.6 46.8 40.2 11.0 75.6 52.8 50.1 12.8 81.5 53.2 51.6 13.5 86.0 53.4 53.0 14.0 5070 105.5 5376 110.7 573.4 117.0 593.1 120.5 664.3 134.6 697.5 141.0 720.9 145.9 20 21 22 23 8.7 35.4 1058 56.8 91.7 73.9 54.2 401 32.2 24 9.8 25 4608 26 27 28 29 95.8 30 31 32 33 34 35 7.7 9.3 36.6 107.7 60.0 96.0 77.0 57.7 42.6 34.8 10.2 481.6 100.5 8.0 29.7 9.9 37.4 1104 62.4 99.9 81.2 57.5 446 83 8.5 8.6 8.6 507 46.3 11.9 6136 124.5 87 33.3 11.0 83.3 50.9 33.4 11.1 86.5 52.1 33.7 635.4 128.7 8.8 9.0 9.1 9.2 36.1 12.5 92.7 57.1 37.2 13.0 96.6 58.8 37.7 13.3 98.5 60.0 61.3 37.8 64.4 41.0 69.0 43.9 31.9 10.6 75.5 47.3 88.4 53.5 34.5 11.9 90.0 54.7 122.1 126.9 134.6 143.8 154.5 162.0 169.3 176.8 185.3 197.1 206.4 67.2 28.5 68.4 30.4 69.8 32.3 71.8 35.0 74.5 37.9 77.1 39.3 80.6 41.0 84.3 43.2 88.0 46.3 91.1 50.9 92.6 54.7 28.6 9.4 9.8 30.9 101 114 2.4 2.4 2.5 2.5 2.5 2.5 2.5 2.5 2.6 2.6 2.6 36 1,535.2 1,610.7 1,7016 1,791.3 1,849.2 1,886.6 1,941.9 2,033.7 2,112.8 2,205.2 2,302.2 37 531.8 296.3 545.7 303.7 561.9 3062 579.9 313.3 588.4 314.6 590.6 313.4 603.5 317.6 635.2 336.2 660.0 341.7 692.3 350.2 725.8 360.6 17.3 62.3 34.9 63.6 34.9 22.5 17.8 65.6 34.1 65.5 36.0 22.9 18.1 70.7 34.3 70.4 37.6 24.5 18.1 72.6 34.7 76.7 38.5 26.0 73.1 34.7 82.5 38.5 27.4 17.2 72.7 34.6 85.5 39.1 28.2 16.9 73.5 34.5 17.7 88.6 35.8 97.1 45.0 34.2 18.1 98.8 35.8 108.2 104.3 110.1 40.1 28.9 17.4 77.8 35.4 95.1 42.7 30.7 45.9 39.3 48.3 42.7 45 46 47 347.0 309.8 362.4 322.5 387.6 342.9 413.1 362.8 430.1 374.3 445.3 384.8 458.4 395.1 474.6 407.2 493.5 421.5 518.5 436.6 562.1 468.4 37.2 39.9 44.6 50.3 55.8 60.5 63.3 67.5 71.9 81.9 48 49 50 81 656.4 486.1 133.1 702.6 518.3 139.4 753.1 552.8 149.1 798.2 582.8 157.6 830.7 604.6 162.5 850.7 615.0 167.6 879.9 631.7 175.9 923.9 658.0 187.4 959.3 680.0 194.6 994.4 705.8 197.8 37.1 44.8 51.1 57.8 63.5 68.0 72.4 78.5 84.7 90.8 94.1 52 227.1 239.7 255.5 269.5 280.7 288.2 299.4 318.8 345.5 368.4 402.7 38 39 40 41 42 43 44 177 920 19.9 36.0 93.7 1,014.3 715.1 205.1 53 292.0 313.6 337.6 357.6 380.1 395.5 413.2 436.9 469.4 498.9 540.8 54 55 56 87 58 59 60 61 1,049.8 176.0 1,150.6 195.7 1,264.2 221.7 1,380.4 247.8 1,489.1 268.9 1,542.7 283.7 1,602.4 299.7 1,692.0 321.0 1,791.3 341.4 1,870.7 353.7 106.8 1,960.0 370.3 118.1 62 63 R4 fifi 46.1 8.6 59.2 52.2 9.4 70.2 59.1 9.9 80.2 66.6 10.1 92.2 72.8 10.1 73.7 10.0 76.4 10.0 83.1 10.4 94.9 11.0 104.2 114.0 124.8 134.6 150.7 11.2 164.0 11.5 1802 5.5 5.6 5.8 5.8 5.8 5.8 5.9 6.0 6.3 6.4 6.4 730.2 791.0 859.7 929.1 998.2 1,026.8 10569 1,107.0 1 156.2 1,196.5 1,2397 24.2 26.4 27.8 28.7 29.0 28.8 28.8 29.8 30.7 32.1 33.6 401.6 430.6 464.9 4950 81.8 17.5 64.5 56.3 86.3 18.2 71.0 58.2 90.6 19.2 78.0 63.3 95.5 20.0 83.7 65.4 522.5 100.6 543.6 101.4 567.7 102.2 610.3 106.4 660.7 111.6 701.9 116.5 754.9 127.1 20.7 87.2 68.2 21.0 89.3 75.3 21.8 92.0 81.6 22.8 24.0 25.3 26.3 100.7 107.3 98.5 11.1 23.0 41.6 115.5 106.2 126.4 114.5 11.6 25.9 44.9 12.0 29.4 48.5 243.5 138.7 256.1 146.0 270.7 18.5 15.3 70.9 18.6 16.6 74.8 66 67 68 fiP 70 71 72 73 74 10.3 27.9 11.6 28.7 13.2 30.2 14.8 31.9 16.2 33.2 17.3 33.9 18.5 35.0 87.8 10.3 20.2 37.9 135.8 148.7 162.0 174.8 187.4 224.2 75.3 14.6 83.2 15.7 91.2 16.6 10.3 56.7 99.5 17.6 10.9 59.4 196.0 105.8 207.0 67.9 13.4 1145 17.8 11.9 62.8 1261 18.3 13.1 66.8 75 4,934.1 5,267.7 5,602.7 5,911.1 6,147.3 6,258.5 6,591.4 6,983.1 7,465.8 7,778.5 8,171.2 76 77 139.5 4,794.6 144.4 5,123.2 148.8 5,453.9 .153.3 5,757.8 157.8 5,989.5 158.7 6,099.8 163.7 6,427.7 169.5 6,813.6 178.6 7,287.2 183.0 7,595.5 187.7 7,983.4 7.5 8.1 46.5 7.8 8.8 50.0 1. Fixed capital of nonprofit organizations serving individuals is included in the real estate industry. 2. Consists of social services; museums, botanical, zoological gardens; membership organizations; engineering 1989 10,175.5 8.4 9.5 53.5 8.8 9.1 9.3 17.7 11.3 61.2 9.7 and management services; and services, not elsewhere classified. NOTE—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). 1539 18.9 18.2 79.7 SURVEY OF CURRENT BUSINESS 42, e September 1997 Table 6.-Chain-Type Quantity Indexes for Net Stock of Fixed Private Capital, Nonresidential and Residential, by Industry, 1986-96 [Index numbers, 1992-100; yearend estimates] Line Fixed private capital Nonresidentiai Aaricuiture, forestry, and fishina 1989 1990 1991 1992 1993 1994 1995 1996 95.02 97.07 98.49 100.00 101.94 104.15 106.67 109.58 88.49 90.70 92.95 95.20 97.36 98.72 100.00 101.74 103.82 106.56 109.87 104.99 108.60 78.62 103.22 106.29 80.79 102.23 104.86 83.07 101.84 104.06 85.66 102.07 103.59 91.02 101.38 102.23 95.14 100.00 100.00 100.00 100.05 99.32 105.40 100.75 99.31 111.33 101.35 99.48 115.10 101.81 99.42 119.37 9 10 110.72 109.52 115.12 110.95 101.04 108.53 106.67 111 63 108.91 99.44 107.15 104.90 109.55 107.34 103.51 105.16 101.91 107.00 105.30 104.84 103.81 100.22 105.02 103.97 104.55 102.33 99.45 102.33 102.50 103.83 100.00 100.00 100.00 100.00 100.00 99.02 99.89 99.88 98.91 98.24 98.24 102.08 101.72 97.49 99.30 97.69 104.78 103.88 96.29 100.51 96.23 104.77 104.00 94.49 100.13 11 109.14 108.43 107.07 107.97 107.76 103.20 100.00 99.56 100.94 103.16 105.89 12 92.98 93.69 94.25 96.01 97.84 99.03 100.00 100.74 102.18 104.88 107.32 13 14 15 16 17 18 ........ 92.77 6 7 96.08 108.08 91.32 10459 106.77 97.90 93.03 89.21 96.66 91.52 79.68 96.86 96.96 106.94 94.08 10398 104.57 99.53 94.42 90.20 99.06 94.19 83.61 97.13 97.04 105.40 96.63 102.59 103.17 99.71 95.23 92.28 95.05 95.66 87.08 97.18 98.26 104.88 99.65 103.07 102.47 100.36 97.06 94.96 95.44 97.42 91.26 97.99 99.40 103.97 100.92 10283 101.91 100.98 98.79 97.66 97.34 98.31 94.36 98.30 99.69 101.84 100.06 10143 101.28 100.34 99.17 98.68 99.17 98.68 97.44 98.39 100.00 100.00 100.00 10000 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.38 99.20 101.22 98.19 98.24 100.31 100.17 102.34 103.02 99.59 101.88 100.43 101.90 101.17 102.83 97.57 97.92 101.71 101.44 107.46 106.43 98.57 103.22 101.46 104.62 104.00 105.14 98.13 97.72 104.58 103.33 116.77 111.30 97.55 104.63 104.26 107.31 106.00 107.46 98.88 97.45 106.93 105.51 125.90 116.14 96.88 106.35 106.87 89.69 92.06 105.82 102.57 98.30 83.98 82.45 85.94 98.99 83.57 113.73 90.20 92.87 106.54 102.13 98.45 84.83 86.03 86.10 97.17 85.60 111.15 91.28 93.73 105.93 102.18 97.90 87.18 89.18 87.55 95.45 87.70 108.43 93.62 95.22 105.04 102.35 98.85 91.81 93.47 90.40 94.76 92.17 106.56 96.18 96.84 102.15 102.10 99.38 97.12 97.22 93.82 95.01 95.37 104.23 98.33 98.62 101.25 101.01 99.06 99.47 98.79 97.22 97.34 97.73 101.15 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 101.13 100.74 98.78 99.68 101.25 99.72 100.13 102.21 101.84 102.54 98.69 102.47 101.99 97.79 100.87 103.27 99.67 101.74 103.97 102.75 106.59 97.45 105.16 104.39 96.93 101.34 105.13 101.33 103.17 108.12 103.86 114.09 96.30 107.34 106.53 96.26 101.05 106.26 102.09 104.42 111.88 104.06 121.16 95.07 8 19 20 21 22 23 24 25 26 27 28 29 30 . . 31 32 33 34 35 36 92.48 94.42 95.94 97.13 98.27 98.97 100.00 101.42 102.74 104.83 106.88 37 43 44 103.41 108.19 118.17 99.84 120.09 84.25 105.70 87.31 102.92 106.47 117.42 103.74 115.83 85.85 104.31 88.78 102.68 105.06 116.57 106.64 111.68 88.73 102.74 90.98 102.44 103.98 113.09 107.03 108.34 92.91 100.94 92.94 101.60 102.66 108.70 105.01 105.31 95.55 99.37 95.20 100.25 101.22 104.32 101.99 102.51 95.10 99.47 97.66 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.14 99.14 97.34 102.27 99.59 101.12 101.27 103.50 101.33 98.43 96.49 112.73 99.23 100.19 102.67 112.00 103.24 97.72 96.24 122.89 96.97 104.22 103.81 123.19 105.35 97.13 102.70 133.27 94.96 107.98 105.21 133.16 45 46 47 84.02 86.97 65.55 87.16 90.02 69.29 90.35 92.73 75.42 92.96 94.64 82.44 95.47 96.36 89.94 97.94 98.19 96.41 100.00 100.00 100.00 102.27 101.80 105.18 105.30 104.43 110.71 109.73 107.31 124.75 114.74 110.98 138.10 48 49 50 51 89.50 92.61 91.41 58.51 92.48 95.41 91.88 68.75 94.32 96.75 92.92 76.68 95.72 97.49 94.22 84.07 97.47 98.93 95.49 89.60 98.63 99.50 97.15 94.71 10000 100.00 100.00 100.00 101.86 101.34 101.84 106.51 102.40 101.46 102.16 111.28 103.47 102.33 102.83 115.02 104.01 102.80 102.86 117.50 38 39 40 41 42 Communications . .. Telephone and telegraph Radio and television Electric gas and sanitary services Electric services Gas services Sanitary services Wholesale trade Retail 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 .. . 52 85.48 88.12 91.11 93.77 95.56 97.43 100.00 104.11 110.13 116.60 127.04 53 81.63 85.05 88.41 90.81 94.10 97.33 100.00 102.70 106.36 110.83 118.30 54 55 56 57 58 59 60 75.43 66.46 67.89 95.45 52.17 105.03 80.50 94.50 80.22 72.10 75.81 102.15 60.51 105.11 84.33 100.68 85.34 79.24 83.25 104.23 67.41 104.55 88.61 103.23 90.45 86.36 91.44 104.70 76.07 103.14 92.69 104.06 95.11 91.47 97.35 102.79 84.16 101.33 96.98 102.65 97.71 95.60 97.29 100.39 91.54 99.13 98.96 100.73 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.28 104.56 107.12 101.18 105.25 99.53 101.02 100.41 104.48 108.11 120.30 103.25 114.70 101.72 101.30 100.34 107.19 110.39 134.29 105.46 123.60 101.48 102.64 103.54 110.62 114.15 148.75 108.15 134.77 101.80 104.39 106.63 80.55 93.08 91.59 76.22 78.47 89.64 63.60 92.03 75.23 68.78 82.43 78.92 84.12 84.14 94.91 92.95 82.79 79.74 91.57 69.41 92.13 79.92 73.75 88.12 83.53 88.02 88.07 96.30 94.83 88.78 83.84 94.49 76.28 93.84 84.44 79.03 92.30 87.09 91.48 91.40 98.22 96.27 93.52 85.12 96.71 83.52 95.89 88.75 84.27 95.69 90.73 94.49 94.13 100.86 96.88 95.66 86.54 96.99 89.12 97.07 10123 97.82 97.44 93.92 97.46 94.75 9845 9599 94.16 99.49 96.92 98.11 100.00 10000 100.00 10000 100.00 100.00 100.00 10000 10000 100.00 100.00 100.00 100.00 104.79 100.62 101.67 108.76 105.05 104.35 106.76 10509 10513 106.89 100.19 106.13 103.13 110.32 10139 103.61 115.50 114.68 108.81 118.39 11147 11064 113.79 99.38 119.45 106.39 115.87 10350 106.92 12698 121.24 111.87 130.89 11741 11472 117.74 99.61 126.62 111.17 123.73 11059 109.65 14232 129.58 114.71 146.29 12464 11995 122.58 100.13 136.40 117.56 61 62 . 63 64 65 66 67 68 69 70 71 72 73 74 9715 92.63 89.29 99.53 93.75 96.49 75 87.47 90.08 92.57 94.83 96.77 98.24 100.00 102.15 104.49 106.78 109.30 76 77 100.03 87.16 100.10 89.82 99.62 92.40 99.39 94.71 10008 9669 10024 10000 10000 9971 10034 10460 10069 10694 10081 10951 1. Fixed capital of nonprofit organizations serving individuals is included in the real estate industry. 2. Consists of social services; museums, botanical, zoological gardens; membership organizations; engineering 1988 90.40 3 4 5 Durable goods Lumber and wood products Furniture and fixtures Stone clay and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather oroducts 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 Residential Farms Real estate1 1987 88.00 2 Farms Agricultural services, forestry, and fishing Mining .................... Metal mining Coal mining . ....... ... Oil and gas extraction Nonmetallic minerals, except fuels Construction Manufacturing 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 1986 1 9819 10221 and management services; and services, not elsewhere classified. NOTE.—Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). SURVEY OF CURRENT BUSINESS September 1997 • 43 Table 7.—Current-Cost Net Stock of Fixed Nonresidentiai Private Capital, by Major Industry Group and Legal Form of Organization, 1986-96 [Billions of dollars; yearend estimates] Line Total fixed nonresldential private capital Equipment Structures By major industry group: Farms Equipment Structures Manufacturing Eauioment Structures Nonfarm nonmanufacturing Equipment Structures By legal form of organization: Corporate Equipment Structures Financial Equipment Structures Nonfinanciai Equipment Structures Noncorporate Equipment ...... Structures 1986 1 5,241.5 1 9657 32757 5,528.4 20625 34658 5,897.8 21955 37021 6,238.3 23220 39163 280.7 262.7 268.8 96.8 1639 94.4 1682 96.6 1722 276.4 100.4 1760 1786 1774 991.8 568.6 423.2 1,038.5 597.3 439.3 1,082.1 625.5 456.6 1,138.1 660.7 477.4 1,203.3 709.2 494.1 10 11 12 3 989.0 13003 2 688.6 4,229.1 1 3708 2,858 3 4,546.7 1 4733 30734 4,823.8 15609 3 262.9 13 14 15 3,914.4 1,651.4 22630 4,122.7 1,737.5 23852 4,392.6 1,849.1 25435 1fi 17 18 291.3 140.8 328.9 161.3 372.3 1504 1676 10 20 21 3,623.1 1 510.6 2,112.5 3,793.8 1,5763 2,217.5 4,020.3 1 6613 2,359.0 22 23 24 1,327.1 1,405.7 3250 1,080.7 1,505.1 3464 1.158.6 2 3 . ...... . ..... 4 5 6 7 8 9 3143 1.012.8 1987 1988 1878 1845 1991 1992 1993 1994 1995 1996 6,559.4 24522 41073 6,696.7 25195 41772 6,892.7 2 590.0 43027 7,215.6 2,686.7 45289 7,598.7 2,823.1 47756 7,960.0 2,989.3 4 970 8 8,332.2 3,168.9 5,163.3 283.0 104.4 283.9 106.5 284.5 105.8 178.7 291.7 108.0 183.6 302.4 111.8 310.1 116.8 193.3 315.3 120.7 194.6 1,231.7 732.5 499.2 1,263.5 751.2 512.3 1,303.3 769.8 533.5 1,361.9 800.8 561.1 1,430.4 849.5 580.9 1,480.4 880.9 599.5 5,073.2 1 6386 34346 5,181.1 16805 35005 5,344.7 17330 3611.7 5,620.6 1 8089 3,811.7 5,934.4 1 9104 4,023.9 6,219.6 20230 4,196.6 6,536.5 21673 4,369.2 4,638.4 1,956.8 26816 4,870.0 2,067.8 28023 4,972.7 2,124.6 28482 5,125.2 2,186.5 29387 5,372.6 2,271.2 31014 5,672.0 2,392.7 32793 5,972.7 2,546.0 34266 6,287.9 2,710.4 35775 418.0 211.6 2064 457.1 229.7 2274 482.4 2384 2440 511.9 251.0 2609 550.4 266.1 2843 599.4 288.7 637.4 310.8 3267 682.2 335.6 3466 4,220.4 1 745.1 2,475.3 4,412.9 1,8380 2,574.9 4,490.4 18862 2,604.2 4,613.3 1 935.5 2,677.8 4,822.2 2,005.0 2,817.2 5,072.6 2,104.0 2,968.6 5,335.2 2,235.3 3,100.0 5,605.7 2,374.8 3,230.9 1,599.9 365.2 1.234.7 1,689.4 3844 1.305.0 1,723.9 3949 1.329.0 1,767.5 403.5 1.364.0 1,843.0 415.5 1.427.5 1,926.7 4304 1.496.3 1,987.4 443.2 1.544.2 2,044.3 458.5 1.585.9 1989 1990 1906 3107 Table 8,—Chain-Type Quantity Indexes for Net Stock of Fixed NonresidentiaS Private Capital by Major Industry Group and Legal Form of Organization, 1986-96 [Index numbers, 1992=100; yearend estimates] Line Total fixed nonresidential private capital Equipment Structures By major industry group: Farms Equipment Structures Manufacturing Equipment Structures Nonfarm nonmanufacturing Equipment Structures By legal form of organization: Corporate Equipment Structures Financial Equipment Structures Nonfinanciai Equipment Structures Noncorporate Equipment . . . . . . Structures . . . . 1 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 2 3 88.49 87.32 89.20 90.70 89.63 91.34 92.95 92.30 93.34 95.20 95.03 95.30 97.36 9722 97.44 98.72 9839 98.92 100.00 100.00 100.00 101.74 102.72 101.16 103.82 106.61 102.20 106.56 111.70 103.61 109.87 117.69 105.43 4 5 6 108.60 111.44 106.97 106.29 106.83 105.94 104.86 104.94 104.76 104.06 105.05 103.46 103.59 10552 102.47 102.23 10357 101.45 100.00 100.00 100.00 99.32 99.70 99.09 99.31 101 02 98.31 99.48 102.94 97.49 99.42 10520 96.10 7 8 9 92.98 90.51 96.58 93.69 91.54 96.82 94.25 92.21 97.23 96.01 94.51 98.22 97.84 97.04 9902 99.03 98.74 9946 100.00 100.00 100.00 100.74 101.04 10031 102.18 103.08 10089 104.88 106.95 10196 107.32 110.34 10308 10 11 12 86.40 84.60 87.27 89.18 87.82 89.85 92.02 91.59 92.22 94.54 94.66 94.49 96.91 96.80 96.97 98.46 97.93 98.72 100.00 100.00 100.00 102.11 103.64 101.38 104.45 108.50 102.58 107.33 114.33 104.14 111.03 121.72 106.23 13 14 15 88.82 86.85 9029 90.95 89.32 95.10 94.74 9536 97.09 96.93 9217 93.00 91.98 9376 9721 98.51 98.20 9875 100.00 100.00 10000 102.02 102.92 101 35 104.59 107.10 10278 107.93 112.76 10451 112.00 119.34 10687 16 17 18 63.90 60.03 6794 70.55 68.12 7307 7757 77.54 7763 8504 86.25 8385 9083 91.92 8975 9498 9492 9503 10000 100.00 10000 10507 10602 10418 111 47 11428 10889 11713 12307 111 80 12428 13341 11620 19 20 21 91 64 90.50 92.45 9325 92.18 9473 93.92 9532 9622 95.86 9647 9779 97.59 9794 9891 9401 9911 10000 100.00 10000 101 68 102.52 101 08 10383 106.18 10218 10691 111.44 10379 11066 117.55 10595 22 23 24 87.53 8989 86.83 95.49 96.61 95.17 98.12 9878 9793 99.34 9947 9930 100.00 10000 100.00 100.95 10164 10074 101.63 10396 10096 102.61 10594 101.67 103.76 10879 10235 89.95 92.78 9129 9401 89.56 9242 9862 SURVEY OF CURRENT BUSINESS 44 • September 1997 Table 98—Current-Cost Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group, 1986-96 Line Total residential capital 3y type of owner and legal form of organization: Private Corporate Noncorporate Government Federal State and local By tenure group1: Owner-occupied Farm <>......... ....... .. „ „ . Nonfarm Tenant-occupied Farm Nonfarm 1986 1987 1988 1989 1990 5,386.5 5,737.1 6,054.7 6,295.7 5,267.7 5,602.7 5,911.1 6,147.3 1992 1993 1994 1995 1996 6,407.8 6,749.5 7,152.5 7,643.5 7,965.6 8,362.5 6,258.5 6,591.4 6,983.1 7,465.8 7,778.5 8,171.2 1991 1 2 3 4 4,934.1 4,874.7 5,205.0 5,537.4 5,844.0 6,078.7 6,189.1 6,519.1 6,909.2 5 6 7 109.0 118.9 134.4 143.6 148.4 149.3 158.2 30.4 78.6 35.4 83.4 46.2 88.3 50.3 93.3 51.4 97.0 50.1 99.2 52.9 8 .... 5,043.1 3,520.0 .... g 59.3 62.6 3,774.7 1336 3,386.4 3,636.3 11 12 1,391.1 59 1,385.2 1,469.1 61 1,463.0 13 67.1 68.6 69.4 72.3 74.0 76.1 81.9 7,389.6 8,089.3 169.4 177.7 187.1 191.3 56.1 58.7 61.5 61.4 105.3 113.3 119.1 125.6 129.9 5,899.0 175.0 5,724.0 6,224.1 179.6 6,044.6 1,850.2 8.0 1,842.2 1,917.2 8.2 1,909.0 4,597.9 4,870.7 5,211.9 1520 1568 1622 3,901.4 4,494.3 151 2 4,343.1 4,445.9 4,713.9 5,049.6 5,629.7 170.7 5,459.0 1,534.0 63 1,527.7 1,587.1 5.4 1,580.7 1,626.7 67 1,620.1 1,634.7 67 1,628.0 1,694.1 69 1,687.2 1,743.4 73 1,736.2 1,807.1 7.8 1,799.3 1425 78.4 7,700.2 4,298.3 146.9 4,151.4 4,043.9 1384 10 65.3 1. Excludes stocks of other nonfarm residential capital, which consists primarily of dormitories, fraternity and sorority houses, and nurses' homes. Table 10.—Chain-Type Quantity Indexes for Net Stock of Residential Capital, by Type of Owner, Legal Form of Organization, and Tenure Group, 1986-96 [Index numbers, 1992=100; yearend estimates] Line Totat residential capital By type of owner and legal form of organization: Private Corporate Noncorporate Government Federal State and local By tenure group l: Owner-occupied Farm Nonfarm Tenant-occupied Farm Nonfarm 1992 1993 1994 1995 1996 1 87.47 90.08 92.57 94.82 96.76 98.24 100.00 102.14 104.45 106.72 109.22 2 3 4 87.47 95.17 87.39 90.08 96.35 90.01 92.57 97.25 92.52 94.83 98.10 94.79 96.77 98.73 96.75 98.24 99.38 98.23 100.00 100.00 100.00 102.15 100.50 102.17 104.49 100.20 104.54 106.78 101.28 106.84 109.30 102.27 109.37 5 6 7 87.46 87.78 87.16 90.00 91.46 89.24 92.25 94.24 91.25 94.23 96.25 93.21 96.43 98.35 95.47 98.17 99.21 97.64 100.00 100.00 100.00 101.62 100.78 102.04 102.85 101.79 103.38 104.34 102.66 105.17 105.87 103.50 107.06 8 9 84.61 100.06 84.10 87.63 100.14 87.21 90.65 99.66 90.36 93.37 99.45 93.17 95.72 100.11 95.58 97.68 100.25 97.59 100.00 100.00 100.00 102.84 99.69 102.95 106.05 100.27 106.24 108.97 100.62 109.24 112.19 100.74 112.57 95.45 99.34 95.43 96.92 99.27 96.91 97.95 98.86 97.94 98.92 98.12 98.92 99.69 99.38 99.69 99.81 99.94 99.81 100.00 100.00 100.00 100.19 100.08 100.19 100.05 102.03 100.04 100.55 102.17 100.54 101.04 102.26 101.03 10 11 12 13 1986 1987 1. Excludes stocks of other nonfarm residential capital, which consists primarily of dormitories, fraternity and sorority houses, and nurses' homes. 1988 1989 1990 1991 SURVEY OF CURRENT BUSINESS September 1997 • 45 Table 11—Current-Cost Net Stock of Government-Owned Fixed Capital, 1986-96 [Billions of dollars; yearend estimates] Line l Total government fixed assets , Equipment Structures Federal National defense Equipment Aircraft Missiles Ships Vehicles Electronic equipment Other equipment * Structures Buildings Residential Industrial . . . Military facilities2 Nondefense Equipment Structures Buildings industrial Educational Hospital . Other3 Highways and streets . . . . Conservation and development Other structures 4 State and locaB . Equipment ... Structures Buildings Residential Educational Hospital Other3 Highways and streets Conservation and development Sewer systems structures Water supply facilities Other structures4 ..... 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1 2 3 3,049.7 437.4 2,612.3 3,200.2 447.2 2,752.9 3,359.6 479.1 2,880.5 3,534.6 510.9 3,023.7 3,710.7 551.6 3,159.1 3,827.2 577.4 3,249.8 3,990.7 600.2 3,390.5 4,201.2 618.0 3,583.2 4,425.8 635.0 3,790.8 4,656.3 647.2 4,009.2 4,855.0 655.7 4,199.3 1,332.8 4 917.4 938.8 993.7 1,041.9 1,089.6 1,126.6 1,168.9 1,227.0 1,263.0 1,296.5 5 630.3 640.5 681.3 712.1 743.9 768.1 797.6 839.0 857.5 868.5 883.9 6 7 8 9 10 11 12 330.7 119.7 333.4 107.2 353.7 112.6 371.8 116.1 397.3 124.4 412.0 121.8 424.0 118.4 431.7 122.0 440.3 127.3 444.4 128.3 447.3 132.9 41.9 78.4 20.2 15.7 54.8 46.6 82.7 21.3 17.3 58.3 50.7 88.8 20.8 18.6 62.1 52.4 94.0 22.3 19.3 67.8 58.1 QQ R w.v 61.4 67.4 69.4 67.1 66.9 64.4 106.2 109.7 111.1 116.6 117.7 115.4 19.9 72.2 24.1 19.7 78.8 25.4 19.6 83.6 24.1 19.8 85.3 23.0 19.3 87.0 22.1 18.6 90.8 20.3 18.0 96.2 13 14 15 16 17 299.6 307.1 85.2 30.4 54.8 91.8 35.4 56.4 327.7 103.4 340.3 109.0 346.6 111.5 356.1 110.1 373.5 112.7 407.2 115.9 417.2 119.1 424.1 123.3 436.6 123.0 46.2 57.2 50.3 58.7 51.4 60.1 50.1 60.0 52.9 59.9 56.1 59.8 58.7 60.5 61.5 61.8 61.4 61.6 214.4 215.3 224.3 231.3 235.1 246.0 260.8 291.4 298.0 300.8 313.6 18 287.1 298.3 312.4 329.8 345.7 358.5 371.3 388.0 405.5 428.0 448.9 19 33.4 35.0 38.5 42.8 47.1 50.5 54.8 58.4 60.7 62.5 64.1 20 21 22 23 24 25 26 27 28 253.7 263.4 273.9 287.0 298.5 307.9 316.6 329.6 344.8 65.3 12.8 70.1 13.5 73.7 14.1 77.4 14.7 81.4 15.5 84.5 15.8 88.9 16.4 94.8 17.1 99.7 17.9 365.5 105.3 384.8 109.2 18.8 19.4 29 1.9 1.9 2.0 2.0 2.0 2.1 2.1 2.2 2.2 2.2 10.7 39.9 18.7 11.5 43.2 19.7 12.3 45.4 19.8 13.1 47.5 20.2 14.0 50.0 20.7 14.4 52.3 20.8 14.8 55.7 20.7 15.6 60.0 21.1 16.6 63.0 22.2 17.5 66.7 23.5 18.6 69.0 23.8 160.0 9.7 162.8 168.9 177.1 183.0 188.0 191.2 195.9 202.6 213.6 226.1 10.8 11.4 12.4 13.4 14.7 15.8 17.8 20.4 23.2 2,132.3 2,261.3 30 73.3 31 32 33 34 35 36 37 38 39 40 41 2,059.0 765.9 78.9 2,182.5 808.7 2,365.9 86.9 2,279.0 854.6 78.6 83.4 88.3 401.2 418.9 438.8 2,492.7 96.4 2,396.3 905.3 93.3 461.0 2,6211 2,700.6 2,821.8 2,974.3 3,162.8 3,359.8 25.7 3,522.2 107.1 114.8 121.4 127.9 134.0 140.3 144.3 2,514.0 951.5 2,585.8 980.4 2,700.4 1,029.7 105.3 515.3 2,846.3 1,096.7 113.3 546.5 3,028.8 1,163.0 119.1 576.1 3,219.5 1,230.6 125.6 605.9 101.9 397.2 1,195.4 3,377.9 1,281.9 129.9 626.2 106.7 419.1 1,262.5 97.0 99.2 480.0 492.3 70.7 73.9 77.3 80.7 84.5 86.1 88.1 215.5 798.6 232.5 849.5 250.3 866.7 270.3 903.2 290.0 950.4 302.8 973.5 321.1 997.6 91.9 345.0 1,037.9 97.2 370.6 1,111.4 36.3 38.0 40.4 43.6 46.3 48.5 50.4 52.6 55.6 59.5 62.6 175.4 109.7 173.1 186.1 116.1 184.1 197.8 123.7 195.7 206.4 129.8 207.9 212.3 134.8 218.7 218.2 139.3 225.9 236.6 150.9 235.3 252.2 160.4 246.5 267.1 170.3 261.5 277.7 177.6 278.7 292.0 187.2 291.8 1. Consists of the fixed capital of general government and government enterprises. - - • • • - • • • - • • • •- 3. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and 2.0 232 passenger terminals. 4. Consists primarily of electric and gas facilities, transit systems, and airfields. 46 • September 2997 SURVEY OF CURRENT BUSINESS Table 12.—Chain-Type Quantity Indexes for Net Stock of Government-Owned Fixed Capital, 1986-96 [Index numbers, 1992=100; yearend estimates] Line Total government fixed assets Equipment Structures l ............... ........ ..... Federal National defense Equipment Aircraft Missiles Ships . . Vehicles . Electronic equipment Other eauiDment Structures Buildings Residential .. Industrial Military facilities2 Nondefense Equipment Structures Buildings Industrial Educational Hospital Other3 Highways and streets Conservation and development Other structures 4 State and local Equipment Structures Buildings Residential Educational Hospital Other3 Highways and streets Conservation and development Sewer systems structures Water supply facilities Other structures4 1 2 3 4 1986 1987 1988 87.86 7962 8933 89.98 8422 9099 8748 9267 9190 1989 1990 1991 1992 1993 1994 1995 1996 93.84 91 19 95.99 9502 97.96 9431 9616 9799 100.00 10000 10000 101.73 10077 10190 103.27 10064 10373 104.90 10007 10574 106.76 9976 10797 99.86 9781 9120 93.67 95.16 96.57 98.03 99.13 100.00 100.14 99.86 99.57 5 9188 94.74 96.33 97.74 99.13 99.78 100.00 99.24 98.13 96.79 95.58 6 j 8 9 10 11 12 84.70 10219 61.66 87.39 90.53 75.97 77.19 89.40 10706 68.09 89.99 96.62 85.12 80.92 92.01 10851 7256 91.82 99.97 97.39 10765 8622 97.29 101.58 9864 90.40 99.15 10388 9378 98.86 102.22 9935 96.15 100.00 10000 10000 100.00 100.00 100.00 100.00 99.15 9700 101.51 99.62 94.29 102.24 100.49 97.49 9459 99.44 98.54 86.37 102.40 101.01 95.28 83.06 94.65 10865 7797 94.41 101.01 9567 86.76 95.74 97.09 79.27 100.81 102.10 93.27 8844 91.43 94.81 73.02 100.78 104.43 13 14 15 16 17 100.55 99.39 87.78 10903 101.08 101.06 100.00 91.46 10746 101.55 101.42 100.34 94.24 10581 101.93 10136 100.38 96.25 10405 101.81 101.17 100.55 98.35 10246 101.46 100.51 100.35 99.21 101 34 100.58 100.00 100.00 100.00 10000 100.00 99.35 99,47 100.78 9829 99.30 98.81 99.03 101.79 9652 98.73 98.41 98.58 102.66 9486 98.34 98.06 98.07 103.50 18 89.78 91.43 92.68 94.12 95.72 97.76 100.00 102.10 103.68 105.74 109.38 19 6702 7029 7464 8029 8601 9225 10000 10637 10984 11301 11778 20 21 22 23 24 25 26 27 ?8 9383 8600 93.13 107.53 84.24 8358 100.38 98.79 70.15 9519 9589 9048 9494 104.08 90.63 8862 101.62 99.22 78.81 9656 91 67 9542 102.60 93.05 8978 101.26 99.50 82.62 9743 9369 9872 9674 97.48 100.41 97.90 9608 100.48 99.84 94.01 10000 10000 100.00 100.00 100.00 10000 100.00 100.00 100.00 10137 10313 102.78 99.17 102.93 103.44 100.03 99.95 110.39 10263 104.76 104.24 98.32 105.32 105.01 100.49 100.30 121.54 10451 10688 10524 97.67 108.15 107.36 100.86 101.51 132.23 10798 109.19 105.74 96.41 111.84 109.97 101.15 105.14 144.41 8895 93.96 105.79 87.64 8720 100.96 99.11 75.80 9155 9612 101.28 95.83 9212 100.86 99.65 87.11 9128 9312 98.05 29 86.51 88.48 90.57 92.72 95.15 97.48 100.00 102.39 104.70 107.13 109.64 30 67.84 72.74 77.73 84.20 90.91 95.69 100.00 103.95 107.71 111.47 115.34 31 32 33 34 35 3R 37 38 39 40 41 87.34 8684 87.16 90.80 93.52 78.52 89.16 84.58 84.79 83.47 87.28 89.19 91.15 9037 93.11 9244 9125 9321 92.67 95.40 85.02 92.56 89.78 89.93 88.87 91.39 94.03 96.27 88.58 94.18 92.67 92.31 95.34 9479 9547 95.58 97.43 92.59 96.10 95.48 94.90 94.40 95.45 97.56 9730 97.64 97.67 98.56 96.25 97.92 97.65 97.40 97.35 97.43 100.00 10000 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 102.32 10250 102.04 101.95 101.92 103.69 102.19 102.03 102.22 101.89 102.57 104.57 104.79 103.38 103.60 103.77 107.45 104.45 104.51 103.96 103.91 105.14 106.94 10719 105.17 105.36 105.66 111.23 106.77 107.54 106.06 106.33 107.69 109.40 109.69 107.06 107.17 107.65 115.19 109.10 110.75 108.43 108.97 110.35 8851 89.24 91.55 94.50 81 74 90.79 87.31 87.36 86.25 89.33 1. Consists of the fixed capital of general government and government enterprises. - - - - - • • • - • •• - - " i r housing. 3. Consists primarily of general office buildings, police and fire stations, courthouses, auditoriums, garages, and 9143 93.30 passenger terminals. 4. Consists primarily of electric and gas facilities, transit systems, and airfields. Table 13B—Current-Cost Net Stock of Durable Goods Owned by Consumers, by Type, 1986-96 [Billions of dollars; yearend estimates] Line Total durable goods owned by consumers Motor vehicles Autos Trucks Other l Furniture and household equipment Furniture including mattresses and bedsprings Kitchen and other household appliances * China glassware, tableware and utensils . Other durable house furnishings3 Video and audio products, computing equipment, and musical instruments. Computing equipment Video and audio equipment and musical instruments Other Jewelry and watches Opthalmic products and orthopedic appliances Books and maps Wheel goods, sports and photographic equipment, boats, and pleasure aircraft. 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1 1,389.6 1,506.9 1,641.4 1,763.4 1,866.3 1,935.1 2,005.0 2,107.9 2,226.3 2,323.4 2,415.2 2 3 4 5 448.6 315.1 111.2 484.8 334.8 126.2 526.8 357.4 563.6 371.9 590.5 381.3 1813 27.9 629.3 384.8 215.6 659.1 393.7 233.9 678.6 396.2 2493 701.9 405.2 2620 23.9 1648 26.9 607.5 379.8 198.9 22.3 1438 25.7 593.0 377.3 187.5 6 7 8 g 10 647.8 695.5 212.9 108.9 752.6 2285 115.6 803.8 846.4 2497 120.7 1988 105.9 118.6 28.8 29.0 926.3 2762 123.6 985.5 2952 129.0 31.5 1,045.9 3097 135.3 33.1 1,101.9 3279 139.1 34.6 1,154.0 3392 145.4 728 74.9 787 836 889 955 1042 1097 1136 1205 159.9 138.9 172.1 157.6 187.9 173.5 200.6 186.6 210.1 197.5 2183 11 145.6 124.7 209.8 229.4 227.7 239.9 251.3 2559 265.5 2665 282.4 12 13 10.1 14.2 114.6 124.7 194 138.2 222 151.3 254 161.2 273 170.2 280 181.8 320 195.7 387 212.5 397 225.8 392 243.2 293.1 110.2 326.5 127.0 362.0 396.0 429.4 457.2 471.2 1904 2151 2157 362 370 390 79.3 1854 34.8 84.2 521.4 211 3 559.3 1721 493.1 2006 542.9 1572 28.4 73.4 89.0 93.7 98.9 137.0 145.3 152.8 155.6 161.8 172.2 14 15 16 17 18 18.5 57.8 21.6 61.7 1426 25.2 66.8 106.6 116.2 127.4 1. Consists of recreational vehicles and accessories and parts. 2. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, air conditioners, sewing machines, vacuum cleaners, and other appliances except for built-in appliances, which are classified as part 2401 28.2 884.9 2606 121.3 328 984 404 416 1069 1129 180.6 189.1 of residential stuctures, 3. Includes floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools. SURVEY OF CURRENT BUSINESS September 1997 • 47 Table 14.—Chain-Type Quantity Indexes for Net Stock of Durable Goods Owned by Consumers, by Type, 1986-96 [Index numbers, 1992=100; yearend estimates] Line Total durable goods owned by consumers Motor vehicles Autos .............. Trucks1 Other .............. Furniture and household equipment Furniture, including mattresses and bedsprings Kitchen and other household appliances 4 China glassware tableware and utensils Other durable house furnishings3 Video and audio products, computing equipment, and musical instruments. Computing equipment Video ana audio equipment and musical instruments Other Jewelry and watches Opthalmic products and orthopedic appliances Books and maps Wheel goods, sports and photographic equipment, boats, and pleasure aircraft. 1 2 3 1986 1987 1988 1989 1991 1990 1992 1994 1993 1995 1996 78.12 4 5 6 7 8 9 10 11 82.88 87.91 92.58 96.04 97.58 100.00 103.27 107.30 111.54 116.27 85.50 95.08 66.35 87.68 90.69 98.90 74.40 96.16 103.00 82.93 95.55 100.59 105.29 97.93 102.52 105.75 96.79 99.30 99.99 101.63 96.97 99.20 100.00 100.00 100.00 100.00 100.22 98.48 103.45 100.59 101.60 97.69 108.28 106.48 102.52 96.74 112.16 111.04 104.33 97.28 115.21 116.82 84.78 82.06 88.04 90.91 8793 86.53 63.84 91.62 95.36 96.51 9422 94.41 80.47 95.60 97.80 87.71 8545 81.75 55.46 87.15 92.23 94.14 91 05 90.83 72.17 98.10 9670 96.89 89.60 100.00 100.00 100.00 10000 100.00 100.00 105.67 103.52 102.99 10402 103.59 113.21 112.10 106.35 106.23 108.68 108.10 129.99 119.11 109.21 110.19 113.96 112.60 149.53 126.61 111.85 113.98 120.17 117.62 172.00 72.56 81.30 84.28 8380 77'17 48.42 91.91 77.13 91.91 12 13.66 13 57.57 20.86 64.06 31.05 71.36 41.00 78.89 53.09 85.99 73.22 92.52 100.00 100.00 140.99 109.32 196.54 121.38 273.58 134.91 401.77 148.84 14 15 16 80.10 81.83 6575 81.48 80.51 84.66 86.82 7253 84.67 84.87 89.26 91.26 8107 93.28 94.75 8834 88.37 89.26 91.86 93.44 96.61 97.17 97.36 95.14 96.58 98.41 98.55 9935 97.60 98.47 100.00 100.00 10000 100.00 100.00 102.54 102.55 10030 102.90 102.83 105.45 104.68 102.35 106.44 106.57 108.85 107.08 103.57 110.42 111.39 112.90 110.51 105.63 113.94 117.01 17 18 1. Consists of recreational vehicles and accessories and parts. 2. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, air conditioners, sewing machines, vacuum cleaners, and other appliances except for built-in appliances, which are classified as part of residential structures. 3. Includes floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools. Table 15,-Real Net Stock of Fixed Reproducible Tangible Wealth, 1986-96 [Billions of chained (1992) dollars; yearend estimates] Government-owned fixed capital Fixed private capital Yearend Nonresidential Total Tntfll I uidi Total Equipment Rpojrionfrifll ncoiuuilliai Trttal 1 uidi Porbraf roUt/ial Durable ooods owned by con- 9tato ailU lnrfll Olaiu flnH IvA/al 01 imfirc dUM (Old Structures 1986 1987 1988 1989 16,702.7 17,200.7 17,691.5 18,160.3 11,684.3 12,003.0 12,317.6 12,616.8 6,044.0 6,194.7 6,348.2 6,502.0 2,251.9 2,311.4 2,380.3 2,450.7 3,791.8 3,883.1 3,967.8 4,051.3 5,640.6 5,808.4 5,969.4 6,114.8 3,458.0 3,541.4 3,616.8 3,693.2 1,047.5 1,075.8 1,092.9 1,109.1 2,411.1 2,466.2 2,524.4 2,584.4 1,561.1 1,656.2 1,756.7 1,850.0 1990 1991 1992 1993 1994 18,586.4 18,883.1 19,212.4 19,603.0 20,036.6 12,889.5 13,077.6 13,278.3 13,536.1 13,829.5 6,649.5 6,742.8 6,830.0 6,949.0 7,091.1 2,507.3 2,537.5 2,578.9 2,649.1 2,749.3 4,142.2 4,205.3 4,251.1 4,300.4 4,344.7 6,240.0 6,334.9 6,448.3 6,586.9 6,737.9 3,777.8 3,855.5 3,935.7 4,003.7 4,064.4 1,125.9 1,138.6 1,148.5 1,150.1 1,146.9 2,652.0 2,717.0 2,787.2 2,853.9 2,918.2 1,919.2 1,950.0 1,998.4 2,063.7 2,144.3 1995 1996 20,516.9 21,071.0 14,163.3 14,550.9 7,277.7 7,504.2 2,880.6 3,035.1 4,404.4 4,482.1 6,885.5 7,047.8 4,128.6 4,201.8 1,143.6 1,146.9 2,985.9 3,056.0 2,229.0 2,323.4 48 SURVEY OF CURRENT BUSINESS September 1997 Comprehensive Revision of Local Area Personal Income, 1969-95 By Wallace K. Bailey HIS ARTICLE describes the major features of the comprehensive revision of the annual estimates of personal income for local areas for 1969-95.1 It also presents the revised estimates of personal income and per capita personal income for the local areas for 1993-94 and the new estimates for 1995 (for information on the revised estimates for earlier years, see the box "Data Availability" at the end of the article). These areas consist of counties, metropolitan areas, and BEA economic areas (for more information, see the box "Definitions of Local Areas"). in September 1996.3 The incorporation of the revision to the NIPA'S released in April 1997 and of the annual revision of the NIPA'S released in July 1997 into the State and local area estimates will be accomplished during the remaining stages of the comprehensive revisions of these estimates (for further information, see the box "Release Schedule for the Revised Estimates of State and Local Area Personal Income").4 Comprehensive revisions of the estimates of personal income for States and local areas are made approximately every 5 years to incorporate the changes that result from the comprehensive revision of the national income and product accounts (NIPA'S). The estimates are also revised to incorporate changes in the methodology used for the regional estimates, including the introduction of new source data and improved estimating methodsc In addition, newly available State and local area data from regular sources are incorporated; these data consist of both annual data and data that are available less frequently—for example, data from the most recent quinquennial census of agriculture.2 The revised estimates of local area personal income reflect the incorporation of the results of the comprehensive revision of the NIPA'S released in January 1996, the annual revision of the NIPA'S released in August 1996, and the comprehensive revision of State personal income released This section describes the improvements to the estimates of specific components of personal income that result from the use of newly available and more current source data and from the use of improved estimating methods. For some components, the .improvements result from changes that were incorporated into the revisions to the national and State estimates and that could be replicated at the county level. For other components, the improvements result from changes in source data and methods that were made only at the county level. In addition, the county estimates indirectly reflect the changes in methodology that are part of the revisions to the national and State estimates but that cannot be replicated at the county level, because the source data are unavailable for counties. These changes are incorporated implicitly through the use of the national estimates of about 400 detailed subcomponents of personal income as the control totals for the State estimates, and the State estimates are then used as control totals for the county estimates. For example, the revised national estimates of nonfarm proprietors' income reflected the use of a new method for T 1. For the most recent presentation of the local area estimates before these revisions, see "Local Area Personal Income, 1992-94," SURVEY OF CURRENT BUSINESS 76 (June 1996): 75-100. For the most recent publication of the historical series, see U.S. Department of Commerce, Bureau of Economic Analysis, Local Area Personal Income, 1969-92 (Washington, DC: U.S. Government Printing Office, September 1994). An updated edition of this publication is planned for 1998. 2. For a detailed description of the sources and methods used to prepare the estimates of local area personal income, see the methodology under "Documents" on the CD-ROM "Regional Economic Information System, 1969-95" or on BEA'S Web site at http://www.bea.doc.gov. This methodology is also included in Local Area Personal Income, 1969-92 and in a packet of free information (see the box "Data Availability"). Changes in source data and methods 3. See "Improved Estimates of the National Income and Product Accounts for 1959-95: Results of the Comprehensive Revision," SURVEY 76 (January/February 1996): 1-31; "Annual Revision of the National Income and Product Accounts," SURVEY 76 (August 1996): 8-12; and "Comprehensive Revision of State Personal Income, 1969-95," SURVEY 76 (October 1996): 48-93. 4. See "Completion of the Comprehensive Revision of the National Income and Product Accounts, 1929-96," SURVEY 77 (May 1997):6-9; and "Annual Revision of the National Income and Product Accounts," SURVEY 77 (August 1997): 6-35. SURVEY OF CURRENT BUSINESS calculating depreciation, but State- and countylevel source data to calculate depreciation for this component are not available. Accordingly, the amount of the change to the national estimate of nonfarm proprietors5 income for each industry was allocated to the States and the State estimates to the counties, in proportion to the related source data for the industry, These data, which are tabulated from the tax returns of sole proprietors and partnerships, are net profits for some industries and gross receipts for other industries,, Wage and salary disbursements,—The county estimates of wages and salaries have been improved by the addition of an adjustment for voluntary employee contributions to thrift savings plans, primarily 40i(k) plans. These contributions are not fully reported for all States in the Bureau of Labor Statistics tabulations of wages and salaries covered by unemployment insurance (ui), which are the primary source data for the national, State, and county estimates of private-sector wages and salaries. An adjustment to include these contributions was added to the wage and salary estimates in the NIPA comprehensive revi- September 1997 • 49 sion. The national adjustment, which begins with the estimates for 1979, is attributed to the 19 States that reported to the Bureau of Labor Statistics in 1987 that they had not issued explicit reporting requirements for the contributions. The national adjustment is allocated to those States and the adjustment for each State to the counties, in proportion to the amount of reported wages and salaries for private sector industries. The 1991-95 county estimates of the wages and salaries paid by railroad companies, which are not covered by the State ui system, were improved by the use of newly available wage data from the Railroad Retirement Board (RRB); previously, the county estimates were based mainly on employment data by place of work. The RRB data represent the wages subject to the payroll tax that supports the railroad retirement system; BEA adjusts these data to reflect the portion of the industry3s wages not subject to the tax. In addition, BEA adjusts the RRB data to a place-ofwork basis, using journey-to-work data from the 1990 Census of Population, because the RRB data Definitions of Local Areas Release Schedule for the Revised Estimates of State and Local Area Personal Income The comprehensive revision of the State and local area estimates of personal income will be completed with the following releases. ® In September 1997, the revised annual estimates of State personal income for 1958-68 will be released, and the estimates for 1969-96 will be revised further and released. The further revisions will incorporate (i) for 1969-96, the NIPA revisions released in April 1997, which affected only proprietors' income and the rental income of persons, (2) for 1993-96, the annual NIPA revisions released in July 1997, and (3) for 1980-96, changes made only at the State level—mainly to the estimates of Federal civilian wages and salaries and of the adjustment for residence. • In October 1997, the revised quarterly estimates of State personal income for 1969-89 will be released, and the estimates for 1990 through the first quarter of 1997 will be revised further and released (together with new estimates for the second quarter of 1997). The revisions will incorporate the revisions to the annual State estimates released in September 1997. • Early in 1998, the revised annual estimates of State personal income for 1929-57 will be released. • In May 1998, the annual estimates of local area personal income for 1969-95 will be revised further and released (together with new estimates for 1996), The revisions will incorporate the revisions to the annual State estimates released in September 1997. The estimates of local area personal income are prepared for metropolitan areas, BEA economic areas, and counties. The metropolitan areas (table i) in all States are those defined in terms of counties and county equivalents by the Office of Management and Budget (OMB) for Federal statistical purposes.1 The metropolitan areas include the redefined metropolitan statistical area (MSA) for Jackson, TN, and the new MSA'S for Jonesboro, AR, and for Pocatello, ID, which were defined by OMB in June 1996.2 Each of the BEA economic areas (table 2) consists of one or more economic nodes—usually metropolitan areas—and the surrounding counties that are economically related to the node.3 These economic areas encompass all counties and county equivalents in the Nation,, The counties (table 3) include county equivalents. For Virginia, the estimates are presented for the larger independent cities as well as for most counties; the estimates for the smaller independent cities are combined with the estimates for adjacent counties. The estimates for Shawano and Menominee Counties, wi, are presented for the first time; previously, the estimates for these two counties were combined. 1. For the New England region, OMB'S preferred definitions of the metropolitan areas are in terms of cities and towns, but the available data for cities and towns are not sufficient to prepare estimates of personal income. The list of the metropolitan areas and their constituent counties and county equivalents is available on BEA'S Web site at http://www.bea.doc.gov and from the National Technical Information Service, Document Sales, 5205 Port Royal Road, Springfield, VA 22161 ((703) 487-4650) (Accession No. PB96-180575). 2. The Jackson, TN, MSA now consists of Chester and Madison Counties, Tennessee (Chester County was added in the redefinition). The Jonesboro, AR, MSA consists of Craighead County, Arkansas. The Pocatello, ID, MSA consists of Bannock County, Idaho. See "Revised Statistical Definitions of Metropolitan Areas (MA'S) and Guidance on Uses of MA Definitions " OMB Bulletin No. 96-08 (June 28,1996). 3. For a description of the economic areas and the methodology used to define them, see "Redefinition of the BEA Economic Areas," SURVEY OF CURRENT BUSINESS 75 (February 1995): 75-81. This article and a list of the economic areas and their constituent counties and county equivalents are available on BEA'S Web site. JO • September 1997 SURVEY OF CURRENT BUSINESS are reported by the State and county of residence of the employees. The 1992-95 county estimates of the wages and salaries paid by farms and by farm labor contractors are now based on data from the 1992 Census of Agriculture. The 1992 data are used to allocate the State totals for all years because no data are available to extrapolate the data to subsequent years. The 1988-91 estimates are interpolations of data from the 1987 census and data from the 1992 census, Farm proprietors' income,—The 1992-95 county estimates of farm proprietors' income now incorporate data from the 1992 Census of Agriculture, which replace data extrapolated from the 1987 census. The methods previously used to extrapolate the 1987 data to 1988-94 are now used to extrapolate the 1992 data to 1993-950 The 1988-91 estimates now incorporate interpolations of data from the 1987 and 1992 censuses. Nonfarm proprietors' income.—The county estimates of nonfarm proprietors3 income for 1990-95 were improved by the use of newly available source data by county from the 1990-93 Federal income tax returns of sole proprietors and partnerships. The previously published estimates were extrapolations of the tax return data for 1989.5 The methods previously used to ex5. The procedure used to incorporate the large national-level adjustments to these data—such as the adjustment for misreporting on income tax returns—is unchanged. The sum of the national adjustments for each industry is allocated to the States and the State adjustments to the counties, in proportion to the source data. trapolate the 1989 data to 1990-94 are now used to extrapolate the 1993 data to 1994-95. Transfer payments.—The 1988-95 county estimates of the benefits under the medicare program were improved by the incorporation of newly available data from the Health Care Financing Administration (HCFA) on the benefit payments classified by the residence of the beneficiaries. Previously, the county estimates were based on HCFA data that were classified by the location of the health care providers. Revisions to the 1994 estimates for metropolitan areas In general, the effect of the comprehensive revision on the 1994 estimates of personal income for metropolitan areas was small. Of the 10 areas with the largest upward percentage revisions, only 3 areas had revisions of more than 5.0 percent (table A). Of the 10 areas with the largest downward percentage revisions, only 3 areas had revisions of more than 3.0 percent. Most of the areas with the largest percentage revisions are relatively small. In the revised series, they account for only 2.8 percent of the Nation's personal income in 1994; excluding Houston, they account for only 1.3 percent The upward revisions were generally larger than the downward revisions, mainly because of the 1.6-percent upward revision to the national estimate of personal income. The upward revision was accounted for by the upward revision to dividends, interest, and rent that reflected a Acknowledgments The comprehensive revision of local area personal income was prepared by the Regional Economic Measurement Division under the direction of Robert L. Brown, Chief. Hugh W. Knox, Associate Director for Regional Economics, provided general guidance. 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 Elizabeth P. Cologer, Lisa C. Ninomiya, Michael G. Pilot, John A. Rusinko, and James M. Scott. Contributing staff members were Ann E. Dunbar, Susan P. Den Herder, Lisa B. Emerson, John D. Lafrman, Lela S. Lester, Russell C. Lusher, Richard A. Lutyk, Paul K. Medzerian, Adrienne T. Pilot, Mauricio Ortiz, Michael Phillips, William E. Reid, Jr., Victor A. Sahadachny, Elizabeth F. Stell, and Jaime Zenzano. Estimates of farm earnings (wages and salaries, other labor income, and proprietors' income) and the residence adjustments were prepared by the Quarterly Income Branch. Major responsibilities were assigned to James M. Zavrel. Contributing staff members were Elaine M. Briccetti, Carrie L. Case, Daniel R. Corrin, Jeffrey L. Newman, James P. Stehle, and Daniel Zabronsky. Estimates of nonfarm proprietors' income, property income, transfer payments, and personal contributions for social insurance were prepared by the Proprietors' Income Branch. Major responsibilities were assigned to Charles A. Jolley. Contributing staff members were Toan A. Ly, Ellen M. Wright, and Marianne A. Ziver. The public use tabulations and data files were assembled and the tables for this article were prepared by the Regional Economic Information System Branch. Major responsibilities were assigned to Kathy A. Albetski and Gary V. Kennedy. Contributing staff members were H Steven Dolan, Michael J. Paris, Albert Silverman, Nancy E. Smith, Callan S. Swenson, Monique B. Tyes, and Mary C. Williams, SURVEY OF CURRENT BUSINESS large upward revision to the rental income of personSo The national revisions to the other components of personal income were relatively small and almost exactly offsetting. For the metropolitan areas with the largest upward and downward revisions to 1994 personal income, the revisions are largely attributable to the incorporation of the national revision to dividends, interest, and rent and of newly available county-level source data for proprietors' income and for transfer payments. Downward revisions September 1997 to personal contributions for social insurance— reflecting a State-level methodological improvement to the estimates of employee contributions for old-age, survivors, disability, and hospital insurance—contributed substantially to several of the largest upward revisions.6 The box "Data Availability" and tables i through 3 follow. Sj 6. Personal contributions for social insurance is subtracted in the derivation of personal income. Table A.—Metropolitan Areas with Largest Percentage Revisions to Personal Income, 1994 Personal income Millions of dollars Previously published United States Revised Revision 5,648,263 5,739,891 91,628 Percent revision1 Components with the largest upward or downward percentage revisions2 1.6 DIR (1.6) Areas with the largest upward revisions Wilmington-Newark, DE-MD Dover, DE Houston, TX ,. Barnstable-Yarmouth, MA Houma, LA ...„,..„.... Monroe, LA Lexington, KY Elkhart-Goshen, IN New London-Norwich, CT Wilmington NC . 13,362 2,064 84,176 4,883 2,834 2,419 8,688 3,410 6,009 3,591 14,321 2,177 88,628 5,106 2,963 2,528 9,080 3,564 6,264 3,741 959 113 4,452 223 128 110 392 153 255 150 7.2 5.5 5.3 4.6 4.5 4.5 4.5 4.5 4.2 4.2 NFPI (3.6), PCSI (2.6), DIR (1.6) DIR (2.4), PCSI (1.9) NFPI (3.8), DIR (1.3) TP (2.3), DIR (1.1) DIR(1.5),TP 1.4), PCSI (.9) TP (1.7), DIR 1.3), PCSI (1.0) DIR 1.3), NFP (1.2), FPI (1.0) NFPI (2.0), OLI (1.6), DIR (1.3) DIR (2.6), PCSI (1.2) DIR (1.6), NFPI (1.2), TP (1.1) Areas with the largest downward revisions Abilene, TX Yuma, AZ Wheeling, WV-OH Bangor, ME Lewiston-Auburn, ME Sioux City, IA-NE Sherman-Deninson, TX Williamsport, PA Yolo, CA Gainesville, FL 2,264 1,757 2,898 2,680 1,975 2,404 1,798 2,238 3,127 3,747 2,153 1,687 2,796 2,601 1,918 2,336 1,751 2,184 3.055 3,663 1. The revision to personal income as a percent of the previously published estimate. 2. This column shows the comoonents that had revisions that substantially contributed to the revisions to personal income. The amount of the revision for each component is shown as a percentage of the previously published estimate of personal income for the area. The percentage for personal contributions for social insurance is shown with the sign reversed because this component is subtracted in the derivation of personal income. 3. For these areas, substantial upward revisions to dividends, interest, and rent partly offset the downward revisions to the other components. -111 -70 -102 -79 -57 -67 -47 -55 -72 -85 -4.9 -4.0 -3.5 -2.9 -2.9 -2.8 -2.6 -2.5 -2.3 -2.3 NFPI (-3.1), FPI (-1 1) FPI (-4.5) TP (-2.0), NFPI (-1.5) NFPI (-1.8), DIR(1.2)TP(-.9)3 3 NFPI (-2.2), DIR(1.3)TP(-1.1) NFPIH.4)fTP(-1.3) NFPI (-1.5, W&S (-.9), TP (-.8) NFPI (-2.4) DIR (1.7), NFPI (-1.7), FPI (-1.4) 3 NFPI (-2.1), TP (-1.3), DIR (1.3) 3 W&S Wage and salary disbursements OLI Other labor income FPI Farm proprietors' income NFPI Nonfarm proprietors' income DIR Dividends, interest, and rent TP Transfer payments PCSI Personal contributions for social insurance September 1997 SURVEY OF CURRENT BUSINESS Data Availability Personal income by type of payment, earnings by Standard Industrial Classification (sic) division, population, and per capita personal The CD-ROM is designed for use with microcomputers equipped with the Windows 3.1 or Windows 95 operating systems, and it in- income are available for local areas for 1969-95. A version of the ta- cludes a program to help users select, display, print, and copy the ble presented below that presents earnings by sic two-digit industry tables. The price is $35.00. The product number is RCN-0129. is also available. Supplemental tables present estimates of employ- Each set of the summary estimates for all counties and metropolitan areas is available on a diskette for $20. The product numbers ment by sic division, of transfer payments by program, and of the major categories of farm income and expenses. In addition, one set are RDN-oi4i for the personal income set and RDN-om for the wage of tables presents summary estimates of personal income, per capita and employment set. In addition, the following information is available free of charge: A personal income, and population, and another set presents summary estimates of wage and salary disbursements, wage and salary employment, and average wages per job. The entire set of the detailed and summary tables for all areas sample packet of all tables, a description of the sources and methods used to prepare the local area estimates, and a list of the members of the BEA User Group—State agencies and universities from which and for all years is available on the CD-ROM "Regional Economic Information System, 1969-95." This CD-ROM also contains the quar- the State and local area estimates can be obtained. For more information about these products or to request the free terly State estimates of personal income for 1969-96 and for the first quarter of 1997; the estimates of gross state product for 1977-94; the projections of personal income, earnings, and employment to information, call BEA'S Regional Economic Information System at (202) 606-5360 or FAX (202) 606-5322. To order the CD-ROM or diskettes, write to the Bureau of Eco- 2045 for States, metropolitan areas, and BEA economic areas; the projections of gross state product to 2045; and a description of the nomic Analysis, BEA order Desk (BE-53), Washington, DC 20230, or call 1-800-704-0415. Visa and MasterCard are accepted for sources and methods used to estimate local area personal income. telephone orders. Example of Available Data for Local Areas: Personal Income by Major Source and Earnings by Major Industry, 1990-95l [Thousands of dollars] New London County, Connecticut 1990 income by Place of Residence Personal income (thousands of dollars) Nonfarm personal income Farm income2 1991 1992 1993 1994 1995 5,312,602 5,270,838 41,764 5,463,504 5,425,882 37,622 5,716,205 5,673,690 42,515 5,907,014 5,851,172 55,842 6,264,142 6,216,030 48,112 6,615,033 6,565,720 49,313 255,166 20,820 253,886 21,520 248,144 23,036 248,598 23,761 249,001 25,157 250,227 26,436 3,791,373 226,668 52,814 3,617,519 976,738 718,345 3,879,139 240,643 31,409 3,669,905 987,564 806,035 4,054,359 249,127 48,065 3,853,297 934,292 928,616 4,225,642 256,508 19,643 3,988,777 957,106 961,131 4,587,524 287,008 -61,853 4,238,663 1,021,110 1,0043,69 4,863,803 305,130 -102,374 4,456,299 1,087,048 1,071,686 Earnings by type: Wage and salary disbursements Other labor income Proprietors' income7 Farm proprietors' income Nonfarm proprietors' income 3,179,018 346,440 265,915 25,281 240,634 3,254,265 376,283 248,591 21,592 226,999 3,367,403 396,486 290,470 25,812 264,658 3,485,934 429,849 309,859 36,307 273,552 3,787,933 480,049 319,542 28,104 291,438 4,012,702 517,399 333,702 26,662 307,040 Earnings by industry: Farm earnings Nonfarm earnings Private earnings Agricultural services, forestry, fishing, and other8 Mining Construction Manufacturing Durable goods Nondurable goods Transportation and public utilities Wholesale trade Retail trade Finance insurance and real estate . Services . . Government and government enterprises Federal, civilian Military State and local State Local 41,764 3,749,609 2,831,967 15,373 4,014 179,440 1,117,053 808,542 308,511 193,957 88,599 346,210 95,663 791,658 917,642 158,130 333,875 425,637 157,740 267.897 37,622 3,841,517 2,895,541 16,471 4,520 153,991 1,158,405 827,867 330,538 208,877 89,964 333,138 99,327 830,848 945,976 156,958 325,604 463,414 165,671 297.743 42,515 4,011,844 3,096,241 17,423 5,927 195,720 1,110,406 749,365 361,041 207,566 96,985 343,724 113,748 1,004,742 915,603 164,802 282,861 467,940 153,475 314.465 55,842 4,169,800 3,207,529 18,991 4,374 188,299 1,102,423 724,603 377,820 233,334 97,183 352,742 112,825 1,097,358 962,271 170,090 271,072 521,109 181,819 339.290 48,112 4,539,412 3,601,050 19,545 5,169 193,643 1,231,747 805,387 426,360 270,130 105,080 369,917 104,452 1,301,367 938,362 165,954 267,335 505,073 194,267 310.806 49,313 4,814,490 3,847,851 21,339 5,406 210,742 1,284,137 829,180 454,957 299,667 112,867 387,536 105,654 1,420,503 966,639 164,341 275,059 527,239 206,172 321.067 Population (number of persons) 3 Per capita personal income (dollars) Derivation of total personal income: Earnings by place of work Less: Personal contributions for social insurance4 Plus° Adjustment for residence5 . Equals: Net earnings by place of residence Plus: Dividends, interest, and rent6 Plus* Transfer payments ....... ........ Earnings by Place of Work D L . . Not shown to avoid disclosure of confidential information. Estimates are included in totals. Less than $50,000. Estimates are included in totals. 1.1990-95 based on 1987 SIC. 2. Farm income consists of proprietors' net farm income, the wages of hired labor, the pay-in-kind of hired farm labor, and the salaries of officers of corporate farms. 3. Census Bureau midyear population estimates. Estimates for 1990-95 reflect State and county estimates available as of March 1997. 4. Personal contributions for social insurance are included in earnings by type and industry but excluded from personal income. 5. The adjustment for residence is the net inflow of the earnings of interarea commuters. For the United States, it consists of adjustments for border workers: Earnings of U.S. residents commuting outside U.S. borders to work less earnings of foreign residents commuting inside U.S. borders to work and of certain Caribbean seasonal workers. 6. Includes the capital consumption adjustment for rental income of persons. 7. Includes the inventory valuation and capital consumption adjustments. 8. "Other" consists of wages and salaries of U.S. residents employed by international organizations and foreign embassies and consulates in the U.S. SURVEY OF CURRENT BUSINESS September 1997 • 53 Table 1.—Personal Income and Per Capita Personal Income by Metropolitan Area, 1993-95 Personal income Rank in Dollars U.S. 1995 1994 1995 5,471,129 5,739,851 6,097,977 4,627,255 4,850,244 5,162,277 844874 935,700 1994-95 6.2 6.4 5.2 1993 1994 1995 210,079 40,549 64,737 98,735 51,988 121,251 93,005 220,224 42,522 67,827 105,222 54,925 131,581 97,330 234,889 45,310 72,102 113,633 59,361 140,169 104,073 6.7 6.6 6.3 8.0 8.1 6.5 6.9 24,869 21,559 22,388 23,006 24,211 23,139 23,048 County CA Miami-Fort Lauderdale, FL Milwaukee-Racine, W! .................... 331,389 71,826 37,629 337,711 74,618 39,592 357,571 80,095 42,025 5.9 7.3 6.1 21,822 22,122 23,290 21,514 21,965 23,155 23,036 24,182 25,636 564,130 585,058 619,024 5.8 28,691 29,654 31,280 147,099 41,382 33,416 151,972 44,382 35,017 160,677 48,170 37,534 5.7 8.5 7.2 24,743 25,497 26,921 21,236 22,308 23,719 21,212 22052 23,332 181,386 77,103 187,916 80,757 201,544 85,826 7.3 6.3 28,055 28,901 30,802 24,214 25,062 26,231 185,306 194,456 204,023 4.9 26,550 27,584 28,706 Abilene, TX Akron OH* Albany, GA ...... Albany-Schenectady-Troy NY Albuquerque, NM Alexandria LA Allentown-Bethlehem-Easton, PA ... Altoona, PA Amarillo TX Anchorage, AK 2,117 13,869 1,915 19,396 12,071 2,177 13,250 2,287 3,673 6,616 2,153 14,691 2,063 20,365 13,056 2,332 13,794 2,379 3,916 6,921 2,299 15,620 2,199 21,004 14,188 2,456 14,580 2,495 4,188 7,015 6.8 6.3 6.6 3.1 8.7 5.3 5.7 4.9 7.0 1.4 17,407 20,663 16,507 22,194 19,145 17,399 21,754 17,338 18,801 26,465 17,720 21,828 17,711 23,082 20,175 18,492 22,554 17,963 19,664 27,484 18,708 23,103 18,849 23,837 21,452 19,352 23,801 18,891 20,464 27,914 254 92 246 73 142 224 74 244 177 22 Ann Arbor, Ml* Anniston AL , Appleton-Oshkosh-Neenah, Wl ...... Asneville, NC Athens GA .... .... Atlanta, GA Atlantic-Cape May NJ* Augusta-Alton, GA-SC Austin-San Marcos, TX Bakersfield, CA 12,251 1,846 6,735 3,920 2,276 75,166 8,192 8,114 18,737 10,073 13,472 1,916 7,178 4,095 2,416 80,871 8,502 8,429 20,331 10,218 14,508 2,024 7,672 4,391 2,606 87,956 8,964 8,809 22,338 10,860 7.7 5.6 6.9 7.2 7.8 8.8 5.4 4.5 9.9 6.3 24,101 15,859 20,497 19,491 17,390 23,260 24,973 18,297 20,048 16,798 26,255 16,989 21,596 20,050 18,094 24,229 25,768 18,790 20,977 16,711 27,829 17,840 22,810 21,181 19,320 25,563 27,020 19,451 22,185 17,625 24 289 102 154 228 42 29 222 123 291 Baltimore MD* Bangor, ME (NECMA) Barnstable-Yarmouth, MA (NECMA) Baton Rouge, LA ............... Beaumont-Port Arthur, TX .............. Bellingham, WA Benton Harbor, MI Bergen-Passaic, NJ* Bil linos MT mcs^\^aX^lSS^^'\iSn"2 Binghamton, NY Birmingham, AL Bismarck, ND Bloomington, IN Bloomington-Normal, IL Boise City, ID Boston-Worcester-Lawrence-LowellBrockton, MA-NH (NECMA) Boulder-Longmont CO* Brazoria, TX* Bremerton, WA* 56,912 2,518 59,799 2,601 62,556 2,728 4.6 4.9 23,282 24,326 25,347 17,228 17,777 18,747 44 252 4,870 10,492 6,711 2,593 3,073 40,789 2,361 5,374 5,106 11,233 6,951 2,789 3,257 42,024 2,515 5,852 5,492 11,919 7,348 2,953 3,442 44,345 2,662 6,104 7.6 6.1 5.7 5.9 5.7 5.5 5.8 4.3 25,286 18,962 17,973 18,198 19,018 31,489 19,543 16,315 26,090 20,114 18,567 19,097 20,193 32,291 20,472 17,339 27,568 21,159 19,541 19,775 21,284 33,931 21,345 17,856 25 156 221 210 150 4 146 288 5,071 17,846 1,627 1,939 2,797 6,932 5,172 18,960 1,697 2,029 3,056 7,629 5,269 20,283 1,814 2,147 3,213 8,330 1.9 7.0 6.9 5.6 5.1 9.2 19,165 20,644 18,634 17,196 20,722 20,711 19,727 21,547 19,255 17,844 22,417 21,885 20,446 22,830 20,342 18,603 23,229 23,052 178 99 182 261 90 94 146,890 6,221 3,775 4,108 153,749 6,632 3,970 4,293 164,718 7,114 4,240 4,529 7.1 7.3 6.8 5.5 25,773 25,451 18,112 19,292 26,832 26,555 18,662 19,802 28,564 27,978 19,595 20,004 17 20 218 197 Brownsville-Harlingen-San Benito, TX Bryan-College Station, TX Buffalo-Niagara Falls, NY Burlington, VT (NECMA) Canton-Massillon, OH Casper, WY Cedar Rapids, IA Champaign-Urbana, IL Charleston-North Charleston, SC ... Charleston, WV 3,259 1,877 24,140 3,864 7,625 1,414 3,835 3,125 8,879 5,201 3,476 1,985 25,509 4,018 8,052 1,469 4,094 3,235 9,168 5,434 3,682 2,086 26,766 4,280 8,535 1,550 4,363 3,390 9,447 5,744 5.9 5.1 4.9 6.5 6.0 5.5 6.6 4.8 3.0 5.7 11,246 14,524 20,254 21,053 19,014 22,476 21,928 18,442 16,919 20,465 11,610 15,187 21,475 21,518 20,054 22,978 23,184 19,518 17,769 21,352 11,960 15,872 22645 22,687 21,222 24,248 24,448 20,376 18,840 22,562 313 306 109 105 152 65 61 181 247 112 26,536 3,172 8,461 1,570 193,676 3,225 34,473 2,694 50,869 8,301 28,472 3,318 8,887 1,597 202,969 3,317 36,084 2,854 53,136 8,931 30,989 3,512 9,453 1,664 216,553 3,482 38,428 3,053 56,482 9,660 8.8 5.8 6.4 4.2 6.7 5.0 6.5 7.0 6.3 8.2 21,505 22,926 19,450 20,420 25,501 16,881 21,928 14,943 22,910 19,104 22,580 23,622 20,230 20,458 26,553 17,249 22,848 15,405 23,809 19,684 24,022 24,630 21,330 21,201 28,177 18,040 24,199 16,833 25,303 20,770 71 56 147 153 19 280 66 298 46 166 2,290 9,298 4,612 30,328 6,128 2,443 9,818 4,798 32,441 6,469 2,608 10,464 5,060 34,614 6,833 6.7 6.6 5.4 6.7 5.6 19,212 19,362 17,023 21,525 16,594 20,178 20,702 17,549 22,825 17,190 21,137 21,733 18,616 24,132 17,984 157 131 259 68 285 wv Metropolitan Statistical Areas4 25,906 22,436 23,350 24,034 25,084 25,117 23,693 27,481 23,752 24,792 25,418 26,581 26,646 24,910 "HI, Charlottesville VA Chattanooga, TN-GA Cheyenne WY Chicago, IL* Chico-Paradise, CA Cincinnati, OH-KY-IN* Clarksville-Hopkinsville, TN-KY Cleveland-Lorain-Elvria, OH* Colorado Springs, CO Columbia MO Columbia, SC Columbus, GA-AL Columbus, OH Corpus Christi, TX See footnotes at end of table. U.S. 1994 1995 1,610 68,719 1,793 1,682 73,638 1,865 1,765 79,737 1,965 5.0 8.3 5.3 15,894 16,627 17,460 24,084 25,298 26,803 16,395 16,972 17,930 293 32 286 7,016 19,884 7,337 20,823 7,722 22,132 5.3 6.3 19,646 20,534 21,588 20,734 21,834 23,238 137 89 Daytona Beach, FL Decatur, AL .... Decatur, IL .... Denver, CO* .. Des Moines, IA Detroit, Ml* Dothan, AL Dover, DE Dubuque, IA ... Duluth-Superior. MN-WI 7,417 2,466 2;360 43,300 9,387 100,582 2,264 2,069 1,669 4,338 7,867 2,623 2,434 45,764 10,014 108,703 2,372 2,177 1,771 4,540 8,464 2,772 2,517 49,546 10,709 115,754 2,506 2,344 1,865 4,782 7.6 5.7 3.4 8.3 6.9 6.5 5.7 7.7 5.3 5.3 17,120 17,912 20,106 24,570 22,747 23,395 16,919 17,494 19,011 17,959 17,742 19,069 20,851 25,494 23,987 25,320 17,819 18,232 20,113 18,834 18,794 19,955 21,640 27,069 25,331 26,889 18,777 19,333 21,160 19,959 249 200 134 28 45 31 250 226 155 199 6,092 2,440 8,391 3,317 1,686 1,031 5,278 5,327 5,853 2,952 6,132 2,584 8,809 3,564 1,773 1,063 5,510 5,667 6,071 3,165 6,302 2,754 9,299 3,780 1,863 1,099 5,811 6,043 6,360 3,348 2.8 6.5 5.6 6.1 5.0 3.3 5.5 6.6 4.8 5.8 23,177 17,292 12,964 20,485 17,745 18,246 18,879 18,036 20,505 18,469 23,474 18,218 13,211 21,719 18,766 18,719 19,630 18,932 21,184 19,535 24,098 19,335 13,702 22,660 19,817 19,160 20,704 19,917 22,124 20,433 69 225 312 107 206 235 168 202 124 180 Fayetteville, NC Fayetteville-Springdale-Rogers, AR Flagstaff, AZ-UT Flint Ml* Florence, AL Florence, SC Fort Collins-Loveland, CO Fort Lauderdale FL* Fort Myers-Cape Coral, FL Fort Pierce-Port St. Lucie, FL 4,773 4,319 1,679 8,418 2,256 2,067 4,075 32,716 7,784 6,126 4,899 4,696 1,820 9,407 2,397 2,177 4,368 34,274 8,259 6,362 5,210 5,078 1,948 9,908 2,547 2,301 4,726 37,008 8,880 6,866 6.4 8.1 7.0 5.3 6.3 5.7 8.2 8.0 7.5 7.9 16,813 18,381 15,124 19,469 16,679 17,285 19,875 24,175 21,672 22,491 17,252 19,293 15,959 21,757 17,801 17,981 20,538 24,736 22,450 22,847 18,289 20,060 16,733 22,815 18,837 18,767 21,747 26,192 23,664 24,313 271 192 299 101 248 251 130 37 78 64 Fort Smith, AR-OK Fort Walton Beach, FL Fort Wayne IN Fort Worth-Arlington TX* Fresno, CA Gadsden, AL Gainesville, FL Galveston-Texas City, TX* Gary IN* Glens Falls, NY 3,014 2,914 9,698 30,015 14,363 1,639 3,473 4,497 11,998 2,146 3,244 3,060 10,202 31,585 14,583 1,727 3,663 4,731 12,613 2,267 3,428 3,237 10,867 33,896 15,274 1,839 3,905 5,065 13,369 2,364 5.7 5.8 6.5 7.3 4.7 6.4 6.6 7.0 6.0 4.3 16,410 18,491 20,803 20,867 17,411 16,425 18,193 19,381 19,472 17,602 17,515 19,007 21,768 21,527 17,384 16,935 18,961 20,130 20,397 18,598 18,167 19,795 23,048 22,665 18,014 18,032 19,984 21,300 21,534 19,326 276 208 95 106 283 281 198 149 139 227 1,664 1,707 1,768 1,768 1,809 1,866 1,895 1,906 2,007 7.2 5.4 7.6 15,408 16,261 17,127 16,492 17,326 18,297 17,553 18,016 18,904 295 270 243 20,059 1,500 2,466 4,349 21,591 1,527 2,529 4,622 23,232 1,624 2,700 4,936 7.6 6.4 6.8 6.8 20,579 18,682 17,548 21,236 23,174 20,043 18,178 23,429 91 194 275 85 23,267 2,041 24,511 2,174 26,357 2,339 7.5 7.6 21,288 22,095 23,428 17,889 18,712 19,813 86 207 Dutchess County, NY* Eau Claire, Wl El Paso, TX ... Elkhart-Goshen, IN Elmira, NY Enid, OK Erie, PA Eugene-Springfield, OR Evansville-Henderson, IN-KY Fargo-Moorhead, ND-MN Goldsboro, NC Grand Forks, ND-MN . Grand Junction, CO .... Grand Rapids-Muskegon-Holland, Great Falls, MT Greeley, CO* .. Green Bay, Wl Greensboro-Winston-Salem-High Point, NC ... Greenville, NC Greenville-Spartanburg-Anderson, 1994-95 1993 1994 21,811 18,803 17,470 22,267 1995 1995 15,643 Charlotte-Gastonia-Rock Hill, NC- sc Rank in Dollars 1993 Cumberland MD-WV Dallas, TX* Danville VA Davenport-Moline-Rock Island, IA- 21,223 22,044 23,196 22,481 23,327 24,594 16,239 16,959 17,658 Consolidated Metropolitan Statistical Areas Chicago-Gary-Kenosha, IL-IN-WI ... Cincinnati-Hamilton, OH-KY-IN Cleveland-Akron, OH Dallas-Fort Worth, TX Denver-Boulder-Greeley, CO Detroit-Ann Arbor-Flint, Ml Houston-Galveston-Brazoria, TX .... New York-No. New Jersey-Long Island, NY-NJ-CT-PA Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD Portland-Salem, OR-WA Sacramento-Yolo, CA San Francisco-Oakland-San Jose, CA Seattle-Tacoma-Bremerton, WA ..... Washington-Baltimore, DC-MD-VA- Percent change2 Millions of dollars Area name Per capita personal income3 Dayton-Springfieid, OH 1993 United States 1 . . . Metropolitan portion Nonmetropolltan portion ., Percent change2 Millions of dollars Area name Personal income Per capita personal income3 16,664 17,948 7.7 18,140 19,084 20,301 184 Hagerstown, MD* Hamilton-Middletown, OH* Harrisburg-Lebanon-Carlisle, PA .... Hartford, CT (NECMA) Hattiesburg MS Hickory-Morganton-Lenoir, NC Honolulu HI Houma, LA Houston, TX* Huntington-Ashland, WV-KY-OH .... 2,156 6,076 13,179 29,959 1,525 5,602 21,675 2,759 84,734 5,123 2,296 6,438 13,751 30,762 1,635 5,945 22,254 2,963 88,628 5,341 2,382 6,882 14,533 32,169 1,761 6,286 22,901 3,126 94,768 5,566 3.8 6.9 5.7 4.6 7.7 5.7 2.9 5.5 6.9 4.2 17,134 19,679 21,753 26,813 14,937 18,527 25,150 14,808 23,571 16,188 18,162 20,377 22,546 27,587 15,773 19,402 25,602 15,807 24,214 16,865 18,740 21,527 23,752 28,962 16,594 20,235 26,300 16,585 25,449 17,570 253 141 75 14 301 186 35 302 43 292 Huntsville AL Indianapolis, IN Iowa City, IA .. Jackson, Ml .... Jackson, MS .. Jackson, TN ... Jacksonville, FL Jacksonville, NC Jamestown, NY Janesville-Beloit, Wl 6,547 32,605 2,042 2,715 7,410 1,678 19,606 1,962 2,385 2,831 6,784 34,440 2,206 2,887 7,981 1,829 20,630 2,030 2,503 3,018 7,091 36,402 2,321 3,055 8,594 1,963 22,209 2,149 2,595 3,247 4.5 5.7 5.2 5.8 7.7 7.3 7.7 5.9 3.7 7.6 20,818 22,605 20,612 17,779 18,190 17,693 20,401 13,474 16,763 19,580 20,711 23,583 21,926 18,936 19,355 19,032 21,234 14,005 17,635 20635 21,624 24,664 22,894 19,913 20,646 20,161 22,617 14,897 18,366 21,865 135 55 98 203 170 190 110 310 269 127 Jersey City, NJ* Johnson City-Kingsport-Bristol, TNVA 11,975 12,241 12,987 6.1 21,714 22,223 23,561 80 Jonesboro, AR Joplin MO .... Kalamazoo-Battle Creek, Ml Kankakee, IL* . Kansas City, MO-KS . Kenosha, Wl* . Killeen-Temple, TX 7,596 4,080 1,154 2,357 8,737 1,808 36,359 2,597 4,202 7,936 4,211 1,226 2,543 9,229 1,892 38,533 2,751 4,530 8,442 4,431 1,335 2,739 9,821 2,020 41,123 2,948 4,828 6.4 5.2 8.9 7.7 6.4 6.7 6.7 7.2 6.6 16,959 16,934 15,905 16,857 19,895 18,003 22,290 19,092 15,600 17,622 17,482 16,704 17,960 20,964 18,699 23,244 19,990 15,682 18,582 18,425 17,826 19,088 22,203 19,901 24,576 21,117 16,508 262 268 290 241 122 204 58 158 303 Knoxville, TN .. Kokomo, IN .... La Crosse, WI-MN Lafayette, LA .. Lafayette, IN ... Lake Charles, LA 12,'153 2,071 2,314 5,720 2,994 2,957 12,964 2,203 2,430 6,161 3,164 3,176 13,814 2,368 2,550 6,527 3,353 3,394 6.6 7.5 4.9 5.9 6.0 6.9 19,627 20,848 19,385 15,999 18,070 17,188 20,566 22,130 20,210 17,060 18,806 18,258 21,558 23,715 21,068 17,867 19,734 19,262 138 77 159 287 215 230 SURVEY OF CURRENT BUSINESS 54 * September 1997 Table t—Personal Income and Per Capita Personal Income by Metropolitan Area, 1993-95—Continued Per capita personal income3 Personal income Area name 1993 Lakeland-Winter Haven, FL Lancaster, PA .... Lansing-East Lansing, Ml Laredo, TX ......... Percent change2 Millions of dollars 1994 1995 1994-95 Rank in Dollars 1993 1994 U.S. 1995 Per capita personal income3 Personal income Area name Percent change2 Millions of dollars 1993 1995 1994 1995 Rank in Dollars 1994-95 1993 1994 U.S. 1995 1995 8.2 5.5 5.7 4.3 16,972 21,745 19,553 10,998 17,930 22,084 20,614 11,430 19,126 23,056 21,717 11,402 238 93 132 314 Riverside-San Bernardino, CA* Roanoke, VA Rochester, MN .... Rochester, NY 50,578 5,017 2,608 24,339 52,250 5,207 2,667 25,451 55,477 5,575 2,784 26,703 6.2 7.1 4.4 4.9 17,584 22,045 23,141 22,372 17,892 22,753 23,574 23,386 18,685 24,378 24,720 24,566 255 62 52 59 8.5 6.8 4.3 5.3 7.3 4.3 6.7 7.3 6.7 13,487 21,054 16,483 15,041 17,808 20,331 17,897 20,275 19,680 17,531 13,752 21,974 17,266 15,866 18,558 21,060 19,168 21,325 20,652 18,166 14,643 22,927 18,191 16,870 19,626 22,394 20,042 22,446 21,954 19,132 311 97 274 297 217 116 195 114 126 237 Rockford, IL Rocky Mount, NC Sacramento, CA* Saginaw-Bay City-Midland, Ml St. Cloud, MN St. Joseph, MO ... St. Louis, MOIL . Salem, OR* Salinas, CA Salt Lake City-Ogden, UT 6,837 2,375 30,464 7,973 2,609 1,697 56,970 5,300 7,946 20,413 7,381 2,481 31,962 8,478 2,777 1,781 59,826 5,624 7,922 22,030 7,888 2,656 34,258 8,996 2,902 1,872 63,929 6,010 8,452 23,739 6.9 7.1 7.2 6.1 4.5 5.1 6.9 6.9 6.7 7.8 19,923 17,147 21,306 19,787 16,825 17,251 22,529 17,612 22,577 17,674 21,330 17,631 22,173 21,047 17,708 18,214 23,634 18,278 23,804 18,703 22,602 18,615 23,459 22,342 18,278 19,222 25,170 19,154 25,270 19,825 111 260 84 118 272 233 48 236 47 205 213,337 23,232 4,590 4,127 6,085 10,391 3,373 5,248 3,272 9,341 5.7 6.4 6.0 5.2 6.0 6.4 5.4 7.3 6.6 4.5 21,984 21,363 18,027 18,550 18,129 23,822 17,343 10,170 18,080 19,663 22,218 22,267 18,776 19,314 18,686 25,032 18,265 10,525 18,913 20,161 23,501 23,552 19,783 20,199 19,674 26,449 19,243 10,878 19,746 20,747 82 81 209 188 216 33 231 315 213 167 1,754 25,644 56,001 55,375 43,786 1,845 27,298 57,820 56,964 45,784 1,958 29,313 61,106 60,853 49,548 6.1 7.4 5.7 6.8 8.2 17,553 18,214 21,484 33,891 28,362 18,247 19,055 22,114 34,745 29,439 19,231 20,034 23,263 36,989 31,487 232 196 88 1 10 4,216 4,361 4,645 6.5 18,970 19,444 20,490 176 23,432 3,043 40,344 25,222 3,017 43,087 7.6 -.9 6.8 20,988 22,215 23,640 15,735 15,494 15,653 19,699 20,056 21,058 79 307 160 San Angelo, TX . San Antonio, TX San Diego, CA ... San Francisco, CA* San Jose, CA* ... San Luis Obispo-Atascadero-Paso Robles, CA Santa Barbara-Santa MariaLompoc CA Santa Cruz-Watsonville, CA* Santa Fe, NM .... Santa Rosa, CA* 9,193 5,618 2;913 9,703 9,378 5,788 3,087 10,103 9,929 6,193 3,350 10,779 5.9 7.0 8.5 6.7 24,216 24,049 22,812 23,799 25,860 26,202 24,691 25,888 40 36 53 39 31,640 33,779 66,474 3,495 6,992 27,308 2,390 33,117 35,519 70,555 8,967 7,139 28,058 2,528 35,087 37,698 74,901 9,469 7,449 29,635 2,708 5.9 6.1 6.2 5.6 4.3 5.6 7.1 29,967 23,263 25,026 16,811 17,379 26,720 16,395 30,997 24,422 26,197 17,614 17,537 27,089 17,304 32,507 25,906 27,436 18,429 18,122 28,187 18,444 7 38 26 266 278 18 264 13,489 5,292 14,375 5,612 15,557 5,971 8.2 6.4 26,406 27,704 29,641 19,473 20,318 21,351 13 145 5,840 2,180 2,544 5,343 23,385 77,581 6,178 2,287 2,771 5,601 25,394 80,864 6,558 2,384 3,034 6,015 27,453 85,250 6.1 4.2 9.5 7.4 8.1 5.4 18,996 18,185 17,143 31,084 22,367 29,373 19,964 19,204 18,177 31,447 23,716 30,527 21,000 20,044 19,220 32,878 25,077 32,108 162 193 234 5 50 9 Sarasota-Bradenton, FL , Savannah, GA .... Scranton-Wilkes-Barre-Hazleton, PA Seattle-Believue-Everett. WA* Sharon, PA Sheboygan, Wl .. Sherman-Denison, TX Shreveport-Bossier City, LA Sioux City, IA-NE Sioux Falls, SD .. 11,963 57,079 2,042 2,188 1,677 6,963 2,196 3,208 12,316 59,763 2,141 2,314 1,751 7,296 2,336 3,504 12,927 63,422 2,259 2,456 1,879 7,672 2,517 3,747 5.0 6.1 5.5 6.2 7.3 5.2 7.7 6.9 18,695 26,458 16,702 20,589 17,420 18,495 18,493 21,573 19,363 27,422 17,545 21,526 17,963 19,321 19,544 23,045 20,442 28,773 18,498 22,560 19,090 20228 20^871 24,320 179 15 263 113 240 187 165 63 52,715 54,255 57,566 6.1 32,372 33,352 35,400 3 5,907 25,439 242,044 6,264 26,568 251,831 6,615 28,089 266,669 5.6 5.7 5.9 23,761 25,157 26,436 19,497 20,277 21,374 28,163 29,227 30,896 34 144 11 57,117 7,061 58,947 7,395 62,684 7,729 6.3 4.5 29,599 30,459 32,346 20,037 20,813 21,528 8 140 South Bend, IN .. Spokane, WA Springfield, IL Springfield, MO .. Springfield, MA (NECMA) State College, PA Steubenville-Weirton, OH-WV Stockton-Lodi, CA Sumter, SC Syracuse, NY 5,126 7,409 4,145 5,243 12,124 2,247 2,326 9,115 1,463 14,898 5,399 7,849 4,381 5,640 12,566 2,333 2,420 9,385 1,549 15,544 5,741 8,271 4,554 6,053 13,264 2,475 2,521 9,924 1,645 16,171 6.3 5.4 3.9 7.3 5.6 6.1 4.2 5.7 6.2 4.0 20,215 18,932 21,311 18,562 20,321 17,403 16,519 17,826 13,811 19,745 21,150 19,788 21,657 19,556 21,080 17,977 17,278 18,085 14,557 20,676 22,350 20,575 22,426 20,616 22,342 18,957 18,079 18,874 15,387 21,592 117 173 115 172 118 242 279 245 308 136 28,554 56,796 3,533 4,650 18,503 3,791 14,167 65,005 29,768 58,801 3,804 4,875 19,443 3,996 14,958 67,212 31,217 62,995 4,090 5,152 20,474 4,288 16,108 71,272 4.9 7.1 7.5 5.7 5.3 7.3 7.7 6.0 18,826 26,196 16,673 19,829 18,575 20,662 21,535 25,681 19,485 26,973 17,318 20,618 19,277 21,301 22,540 26,213 20,332 28,729 18,130 21,674 20,139 22258 24,002 27,420 183 16 277 133 191 120 72 27 Tacoma, WA* ..... Tallahassee, FL Tampa-St. Petersburg-Clearwater, 12,125 4,504 12,706 4,784 13,586 5,083 6.9 6.3 19,231 19,899 20,945 18,014 18,760 19,753 163 212 26,180 1,562 2,373 2,739 6,229 7,005 122,479 48,394 1,290 53,184 27,690 1,669 2,471 2,853 6,484 7,418 126,364 52629 1,319 54,634 29,645 1,758 2,592 2,999 6,818 7,692 133,528 58,036 1,397 57,518 7.1 5.3 4.9 5.1 5.1 3.7 5.7 20,313 18,496 17,680 18,816 17,391 21,551 25,521 21,178 15,649 22,760 21,395 19,390 18,229 19,774 18,025 22,235 26,959 21,839 16,685 24,071 143 223 273 211 282 121 30 128 300 70 45,864 2,654 2,080 13,292 3,554 10,194 13,782 15,473 49,391 2,789 2,215 14,038 3,753 10,770 14,770 16,274 7.7 5.1 6.5 5.6 5.6 5.7 7.2 5.2 20,567 17,160 16,184 20,521 20,775 29,853 17,767 20,192 21,246 17,757 16,939 21,730 21,540 30,964 18,761 20,823 22,646 18,640 17,998 22,971 22,752 32,633 19,556 21,789 108 258 284 96 104 6 220 129 5.8 5.3 19,621 17,468 17,295 18,115 17,195 20,428 24,775 20,180 15,294 22,090 43,934 2,574 1,975 12,583 3,409 9,809 12,644 14,918 Pittsfield, MA (NECMA) Pocatello ID Portland, ME (NECMA) Portland-Vancouver, OR-WA* Providence-Warwick-Pawtucket, Rl (NECMA) Provo-Orem, UT Pueblo CO Punta Gorda FL . . . Racine, Wl* Raleigh-Durham-Chapel Hill, NC ... 3,048 1,121 5,649 36,081 3,145 1,182 5,896 38,758 3,326 1,245 6,253 42,160 5.8 5.3 6.1 8.8 22,395 16,056 23032 21,897 23,151 16,404 23,839 23,046 24,611 17,033 25,127 24,553 57 296 49 60 2,678 3,054 5,632 10,108 16,035 1,513 2;720 5,263 3,297 126,237 2,856 3,238 5,892 10,476 16,494 1,594 2,786 5,363 3,474 132,361 3,045 3,456 6,085 11,174 17,485 1,700 2,936 5,615 3,734 139,085 6.6 6.7 3.3 6.7 6.0 6.6 5.4 4.7 7.5 5.1 17,306 19,357 17,729 21,138 23,196 19,197 19,567 15,516 16,963 28,631 18,411 20,245 18,680 21,820 23,527 19,892 20,063 15,517 17,528 29,644 19,281 21,253 19,740 23,328 24,736 21,042 21,312 16,144 18,674 30,824 229 151 214 87 51 161 148 305 257 12 19,832 3,895 2,061 2,294 3,849 21,293 20,241 4,248 2,176 2,456 4,073 22,694 21,576 4,691 2,390 2,649 4,327 24,596 6.6 9.9 7.9 6.2 8.4 21,687 13,736 16,378 18,636 21,217 22,661 22,165 14,063 17,025 19,483 22,275 23,448 23,730 15,099 18,441 20,539 23,498 24,675 76 309 265 174 83 54 2,258 2,247 30,995 2,717 10,710 2,384 2,119 13,709 3,499 3,599 Rapid City SD Reading PA Redding CA Reno NV Richland-Kennewick-Pasco, WA .... Richmond-Petersburg, VA 2,406 2,370 32,424 2,796 10,934 2,519 2,184 14,321 3,741 3,738 2,540 2,530 35,204 2,926 11,617 2,707 2,290 15,249 4,062 3,934 5.6 6.8 8.6 4.7 6.2 7.5 4.9 6.5 8.6 5.2 18,142 18,772 33,197 17,138 21,238 18,295 17,517 25,649 18,667 17,559 19,419 19,689 33,862 17,723 21,574 19,020 18,080 26,507 19,314 17,810 20,660 20,902 36,057 18,682 22823 19,933 19,102 27,924 20,247 18,427 169 164 2 256 100 201 239 21 185 267 1,564 7,698 2,909 6,933 3,388 21,378 1,645 8,020 3,007 7,506 3,605 22,540 1,760 8,455 3,146 8,110 3,699 23,940 7.0 5.4 4.6 8.0 2.6 6.2 Waterloo-Cedar Falls, IA Wausau, Wl West Palm Beach-Boca Raton, FL Wheeling WV-OH Wichita, KS Wichita Falls TX Williamsport, PA Wilmington-Newark, DE-MD* Wilmington NC Yakima, WA 18,181 22,268 18,319 25,189 20220 23,600 18,991 23,008 18,785 26,448 20,691 24,587 20,176 24,139 19,558 27,866 20,618 25,851 189 67 219 23 171 41 Yolo, CA* York PA Youngstown-Warren OH Yuba City, CA Yuma, Az 2,952 7,632 11,051 2,191 1,757 3,055 7,823 11,641 2,233 1,687 3,276 8,299 12,302 2,366 1,976 7.2 6.1 5.7 5.9 20293 21563 18,249 16,566 14,112 20,864 21,727 19,317 16,569 13,228 22,083 22,759 20,512 17,414 16,221 125 103 175 294 304 7,175 9,537 8,531 1,730 7,709 9,785 9,168 1,885 8,344 10,321 9,686 1,966 Las Cruces, NM . Las Vegas, NV-AZ Lawrence, KS ..... Lawton, OK Lewiston-Auburn, ME (NECMA) ..... Lexington, KY Lima OH Lincoln, NE Little Rock-North Little Rock, AR ... Longview-Marshall, TX 2,059 21,342 1,417 1,778 1,849 8,660 2,795 4,541 10,489 3,507 2,160 23,786 1,505 1,803 1,918 9,080 2,988 4,831 11,105 3,660 2,343 26,198 1,608 1,880 2,019 9,743 3,117 5,156 11,916 3,905 Los Angeles-Long Beach, CA* Louisville, KY-IN Lubbock TX Lynchburg, VA Macon GA Madison, Wl Mansfield OH McAllen-Edinburg-Mission, TX Medford-Ashland, OR Melbourne-Titusville-Palm Bay, FL 199,770 20,804 4,100 3,723 5,490 9,206 3,039 4,521 2,859 8,564 201,754 21,834 4,330 3,922 5,740 9,765 3,201 4,893 3,070 8,938 Memphis, TN-AR-MS Merced, CA Miami FL* . ... .... Middlesex-Somerset-Hunterdon, NJ* . . . Milwaukee-Waukesha, Wl* Minneapolis-St. Paul, MN-WI Mobile, AL Modesto CA . Monmouth-Ocean, NJ* Monroe, LA .... 21,862 3025 39,110 Montgomery AL . Muncie IN Myrtle Beach SC Naples FL Nashville, TN Nassau-Suffolk NY* New Haven-Bridgeport-StamfordDanbury-Waterbury, CT* New London-Norwich, CT (NECMA) New Orleans, LA New York NY* Newark, NJ* Newburgh, NY-PA* Norfolk-Virginia Beach-Newport News VA-NC Oakland, CA* ..... Odessa-Midland, TX Oklahoma City, OK Olympia, WA* .... Omaha, NE-IA ... Orange County, CA* Orlando, FL Owensboro, KY . Panama City FL Parkersburg-Marietta, WV-OH Peoria-Pekin, IL Philadelphia PA-NJ* Phoenix-Mesa AZ Pine Bluff, AR Pittsburgh PA 10.1 10.3 10.4 1. The personal income level shown for the United States is derived as the sum of the county 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 temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. 2. Percent change was calculated from unrounded data. Terre Haute, IN Texarkana, TX-Texarkana, AR Toledo, OH Topeka, KS Trenton, NJ* Tucson AZ Tulsa, OK Tuscaloosa, AL Tyler, TX Utica-Rome NY Vallejo-Fairfield-Napa, CA* Ventura, CA* Victoria, TX Vineland-Millville-Bridgeton, NJ* Visalia-Tulare-Porterville, CA Waco, TX Washington, DC-MD-VA-WV* 17.1 24,435 24,587 23,461 24,533 3. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for 1993-95 reflect county population estimates available as of March 1997. See footnote 3 on table 3. 4. Includes Metropolitan Statistical Areas, Primary Metropolitan Statistical Areas (PMSA's designated by *), and New England County Metropolitan Areas (NECMA's). The New Haven-Bridgeport-Stamford-Danbury-Waterbury. CT NECMA is presented as a PMSA (part of the New York CMSA). SURVEY OF CURRENT BUSINESS September 1997 • 55 Table 2.—Personal Income and Per Capita Personal Income by Economic Area, 1993-95 Per capita personal income3 Personal income Area name and code Millions of dollars Percent change2 1994 1994-95 1993 1 1995 United States (000) 5,471,129 5,739,851 6,097,977 BEA Economic Areas Bangor, ME (001) 8,990 9,206 9,618 Portland, ME (002) 13,987 14,506 15,363 Boston-Worcester-Lawrence-LowellBrocktn, MA-NH-RI-VT (003) 185,827 194,227 207,871 Burlington, VT-NY (004) 10,693 11,160 11,753 24,622 25,881 26,738 Albany-Schenectady-Troy, NY (005) 35,571 37,018 38,354 Syracuse, NY-PA (006) 31,094 32,541 34,169 Rochester NY-PA (007) Buffalo-Niagara Falls, NY-PA (008) ... 29,656 31,282 32,813 13,554 14,069 14,807 State College PA (009) ... New York-No. New Jer.-Long Island, NY-NJ-CT-PA-MA-VT (010) 663,054 687,446 726,532 Harrisburg-Lebanon-Cariisle, PA (011) 22,673 23,520 24,880 Philadelphia-Wilmington-Atl. City, PANJ-DE-MD (012) 169,068 174,706 184,694 Washington-Baltimore, DC-MD-VA198,509 208,353 218,640 WV-PA (013) Salisbury, MD-DE-VA (014) 5,564 5,913 6,260 Richmond-Petersburg, VA (015) 28,747 30,324 32,171 5,684 Staunton, VA-WV (016) 5,411 5,986 13,874 14,569 Roanoke, VA-NC-WV (017) 15,403 Greensboro-Winston-Salem-High 33,050 34,741 37,199 Point NC-VA (018) Raleigh-Durham-Chape! Hill, NC Of9) 30,882 32,773 35,365 Norfolk-Virginia Beach-Newport News, 30,827 32,175 33,773 VA-NC (020) Greenville NC (021) ....... 12,289 12,925 13,822 Fayetteville, NC (022) 7,579 7,881 8,399 Chariotte-Gastonia-Rock Hill, NC-SC (023) 34,338 36,710 39,792 14,592 15,442 16,400 Columbia SC (024) . . Wilmington, NC-SC (025) 12,524 13,397 14,375 Charleston-North Charleston, SC (026) .... 9,365 9,677 9,987 Augusta-Aiken, GA-SC (027) 9,865 10,303 10,762 Savannah, GA-SC (028) 10,239 10,919 11,675 30,448 32,133 34,515 Jacksonville, FL-GA (029) 56,565 59,876 64,028 Orlando FL (030) 114,688 119,326 128,566 Miami-Fort Lauderdale, FL (031) 13,127 13,861 14,894 Fort Myers-Cape Coral, FL (032) Sarasota-Bradenton, FL (033) 16,189 17,241 18,652 Tampa-St. Petersburg-Clearwater, FL (034) .7. 43,934 45,864 49,391 10,669 11,313 11,993 Tallahassee, FL-GA (035) 5,034 Dothan, AL-FL-GA (036) 5,275 5,519 6,567 7,134 Albany, GA (037) 7,665 11,621 12,337 Macon GA (038) . 13,032 7,841 Columbus, GA-AL (039) 7,510 8,287 94,222 101,272 109,715 Atlanta, GA-AL-NC (040) Greenville-Spartanburg-Anderson, 19,958 21,242 22,845 SC-NC (041) 7,318 Asheville NC (042) 7,668 8,218 11,883 12,548 13,313 Chattanooga, TN-GA (043) Knoxville, TN (044) 16,055 17,068 18,194 Johnson City-Kingsport-Bristol, TN-VA (045) 8,960 9,345 9,935 Hickory-Morganton, NC-TN (046) ..... 7,985 8,496 9,020 Lexington, KY-TN-VA-WV (047) ........ 27,068 28,287 29,918 19,694 20,613 21,644 Charleston, WV-KY-OH (048) Cincinnati-Hamilton, OH-KY-IN (049) 43,486 45,683 48,633 23,073 24,209 25,719 Dayton-Springfield, OH (050) 42,223 45,065 47,900 Columbus, OH (051) . Wheeling, WV-OH (052) 5,687 5,886 6,148 63,055 64,847 68,239 Pittsburgh, PA-WV (053) 9,524 Erie, PA (054) 9,909 10,447 Cleveland-Akron, OH-PA (055) 95,960 100,831 106,978 24,748 26,251 27,601 Toledo OH (056) Detroit-Ann Arbor-Flint, Ml (057) 147,959 160,061 170,395 3,884 Northern Michigan, Ml (058) 4,176 4,458 11,377 11,935 12,606 Green Bay, WI-MI (059) Appleton-Oshkosh-Neenah, Wl (060) 7,918 8,436 9,003 4,335 4,982 Traverse City, Ml (061) 4,656 Grand Rapids-Muskegon-Holland, Ml (062) 33,522 35,913 38,448 Milwaukee-Racine, Wl (063) 47,583 50,166 53,217 Chicago-Gary-Kenosha, IL-IN-WI 231,358 242,964 258,711 (064) 16,757 17,816 18,950 Elkhart-Goshen, IN-MI (065) 13,382 14,100 14,969 Fort Wayne, IN (066) 57,506 60,526 63,806 Indianapolis, IN-IL (067) Champaign-Urbana, IL (068) 11,215 11,713 12,030 15,155 15,731 16,434 Evansville-Henderson, IN-KY-IL (069) 26,246 27,558 29,266 Louisville KY-IN (070) 39,957 43,102 46,190 Nashville, TN-KY (071) 3,746 3,946 4,228 Paducah KY-IL (072) 32,247 34,653 37,063 Memphis, TN-AR-MS-KY (073) 16,756 17,607 18,564 Huntsville, AL-TN (074) 8,437 9,028 9,511 Tupelo, MS-AL-TN (075) 3,611 3,737 3,302 Greenville, MS (076) 20,391 21,984 23,489 Jackson, MS-AL-LA (077) 27,706 29,396 31,361 Birmingham, AL (078) 8,304 8,799 7,850 Montaomery, AL (079) 10,360 10,941 11,527 Mobile, AL (080) 9,577 10,009 10,542 Pensacola, FL (081) Rank in U.S. Dollars 1993 1994 1995 21,223 22,044 23,196 4.5 5.9 16,703 17,221 18,084 132 19,973 20,622 21,739 48 7.0 24,888 25,892 27,559 4 5.3 18,344 18,992 20,022 73 3.3 21,118 22036 22,776 29 3.6 18,142 18,935 19,776 79 5.0 20,910 21,881 23,013 24 4.9 19,300 20,416 21,508 51 5.2 16,753 17,351 18,251 128 5.7 27,463 28,390 29,936 1 5.8 21,320 21,884 22,992 25 5.7 24,147 24,868 26,230 8 4.9 25,674 26,680 27,771 3 5.9 18,111 18,941 19,768 80 6.1 22,019 22,944 24,081 17 5.3 17,476 18,227 19,049 103 5.7 17,869 18,617 19,602 85 7.1 19,937 20,693 21,902 44 7.9 20,352 21,103 22,239 5.0 6.9 6.6 39 18,509 19,185 20,033 72 16,142 16,836 17,807 142 15,713 16,210 17,142 157 8.4 20,039 21,029 22,352 36 6.2 17,106 18,195 19,133 97 7.3 16,61.1 17,423 18,297 127 3.2 16,697 17,523 18,558 4.5 17,378 17,979 18,627 6.9 17,517 18,302 19,290 7.4 18,394 19,145 20,327 6.9 18,454 19,122 20,102 7.7 23,955 24,463 25,903 7.5 24,718 25,385 26,684 8.2 24,577 25,732 27,465 120 118 93 66 68 9 7 5 7.7 20,567 21,246 22,646 34 6.0 16,490 17,175 17,952 139 4.6 15,957 16,721 17,329 150 7.4 15,312 16,467 17,534 146 5.6 16,375 17,210 18,034 135 5.7 16,163 16,799 17,729 144 8.3 21,476 22,443 23,662 19 7.5 7.2 6.1 6.6 17,792 18,783 18,135 18,191 18,718 19,371 18,943 19,008 19,886 20,456 19,863 19,937 77 65 78 74 6.3 6.2 5.8 5.0 6.5 6.2 6.3 4.4 5.2 5.4 6.1 5.1 6.5 6.8 5.6 6.7 7.0 16,640 17,302 15,189 16,266 20,956 20,283 19,315 16,545 20,846 18,373 20,760 19,256 22,090 16,145 17,701 19,931 17,114 17,287 18,150 15,761 17,005 21,840 21,364 20,446 17,216 21,481 19,052 21,749 20,433 23,865 17,170 18,475 20,993 18,110 18,217 19,019 16,567 17,817 23,084 22,697 21,525 18,070 22,677 20,052 23,043 21,456 25,300 18,059 19,506 22,137 19,052 129 106 164 141 22 32 50 133 33 70 23 54 11 134 87 41 102 7.1 6.1 19,434 20,593 21,812 46 22,018 23,109 24,432 15 6.5 24,202 25,253 26,736 6 6.4 19,008 20,065 21,132 57 6.2 19,716 20,673 21,793 47 5.4 20,197 21,080 22,036 42 2.7 18,064 18,973 19,475 89 4.5 18,100 18,715 19,469 90 6.2 19,768 20,572 21,663 49 7.2 18,877 19,936 21,010 59 7.2 17,278 18,010 19,163 95 7.0 18,602 19,784 20,943 62 5.4 18,103 18,693 19,615 84 5.3 14,299 15,205 15,891 167 3.5 12,768 14,008 14,494 170 6.8 15,097 16,150 17,099 159 6.7 18,615 19,579 20,674 63 6.0 17,229 18,166 19,122 99 5.4 16,224 17,041 17,825 140 5.3 17,379 17,667 18,312 126 1. The personal income level shown for the United States is derived as the sum of the county 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 temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. 2. Percent change was calculated from unrounded data. 3. Per capita personal income was computed using Census Bureau midyear population estimates. Estimates for 1993-95 reflect county population estimates available as of March 1997. See footnote 3 on table 3, Biloxi-Gulfport-Pascagoula, MS (082) New Orleans, LA-MS (083) Baton Rouge, LA-MS (084) Lafayette, LA (085) Lake Charles, LA (086) Beaumont-Port Arthur, TX (087) Shreveport-Bossier City, LA-AR (088) Monroe LA (089) ..... Little Rock-North Little Rock, AR (090) Fort Smith, AR:OK (091) Springfield, MO (094) . Jonesboro, AR-MO (095) St. Louis, MO-IL (096) Springfield, IL-MO (097) Columbia, MO (098) ... Kansas City, MO-KS (099) Des Moines, IA-IL-MO (100) Peoria-Pekin, IL (101) Davenport-Moline-Rock Island, IA-IL (102) Cedar Rapids, IA (103) Madison, WI-IL-IA (104) La Crosse, WI-MN (105) Rochester, MN-IA-WI (106) Minneapolis-St. Paul, MN-WI-IA (107) Wausau Wl (108) Duluth-Superior, MN-WI (109) Grand Forks, ND-MN (110) Minot ND(111) Bismarck, ND-MT-SD (112) Fargo-Moorhead, ND-MN (113) Aberdeen, SD (114) Rapid City SD-MT-NE-ND (115) Sioux Falls, SD-IA-MN-NE (116) Sioux City, IA-NE-SD (117) Omaha, NE-IA-MO (118) Lincoln NE (119) Grand Island, NE (120) North Platte, NE-CO (121) Wichita KS-OK (122) Oklahoma City, OK (125) Western Oklahoma, OK (126) Dallas-Fort Worth, TX-AR-OK (127) Abilene TX (128) San Anoelo, TX (129) Austin-San Marcos, TX (130) Houston-Galveston-Brazoria, TX (131) Corpus Christi, TX (132) McAllen-Edinburg-Mission, TX (133) San Antonio, TX (134) Odessa-Midland, TX (135) Hobbs, NM-TX (136) Lubbock TX (137) Amarillo, TX-NM (138) Santa Fe NM (139) Pueblo, CO-NM (140) Denver-Boulder-Greeley, CO-KS-NE (141) Scottsbluff, NE-WY (142) Casper, WY-ID-UT (143) Billings, MT-WY (144) . Great Falls, MT (145) .. Missoula, MT (146) Spokane, WA-ID (147) Idaho Falls, ID-WY (148) Twin Falls, ID (149) .... Boise City, ID-OR (150) Reno, NV-CA (151) Salt Lake City-Ogden, UT-ID (152) ... Las Vegas, NV-AZ-UT (153) Flagstaff, AZ-UT M54) Farmington, NM-CO (155) Albuquerque, NM-AZ (156) El Paso TX-NM (157) Phoenix-Mesa, AZ-NM (158) Tucson, AZ (159) Los Angeles-Riverside-Orange County, CA-AZ (160) San Diego, CA (161) Fresno, CA (162) San Francisco-Oakland-San Jose, CA (163) Sacramento-Ydo, CA (164) Redding, CA-OR (165) Eugene-Springfield, OR-CA (166) Portland-Salem, OR-WA (167) Pendleton, OR-WA (168) Richland-Kennewick-Pasco, WA (169) Seattle-Tacoma-Bremerton, WA (170) Anchorage, AK (171) Honolulu, HI (172) Millions of dollars Percent change2 1993 Area name and code 1995 6.2 Per capita personal income3 Personal income 1994 1995 1994-95 1993 1994 1995 1995 5,748 30,600 12,270 8,709 8,043 7,639 9,492 5,072 6,257 32,133 13,119 9,367 8,549 7,938 9,965 5,384 6,530 33,948 13,894 9,919 9,061 8,403 10,476 5,640 4.4 5.6 5.9 5.9 6.0 5.9 5.1 4.7 16,048 18,387 17,977 15,290 15,494 17,472 17,065 15,263 17,040 19,196 19,073 16,327 16,338 18,067 17,857 16,181 17,531 20,179 20,050 17,140 17,202 18,965 18,704 16,936 147 67 71 158 154 108 115 161 24,949 4,536 26,373 4,878 28,163 5,128 6.8 5.1 16,731 17,497 18,510 121 15,326 16,334 16,879 162 5,434 3,911 11,979 4,169 70,962 9,316 5,927 46,395 30,033 10,030 5,894 4,181 12,708 4,417 74,606 9,834 6,231 49,235 32,958 10,563 6,326 4,448 13,635 4,726 79,534 10,079 6,635 52,277 34,284 10,846 7.3 17,258 18,113 18,789 6.4 16,323 17,277 18,174 7.3 15,988 16,642 17,522 7.0 14,459 15,270 16,196 6.6 20,538 21,547 22,862 2.5 18,392 19,087 19,491 6.5 17,809 18,557 19,508 6.2 20,337 21,311 22,429 4.0 18,462 20,213 20,952 2.7 19,012 19,993 20,471 10,632 11,188 11,680 7,213 8,177 7,760 17,390 18,439 19,402 3,898 4,290 4,089 5,883 6,462 6,239 89,983 96,394 101,770 8,200 8,651 9,168 5,975 6,249 6,590 3,757 4,104 4,256 1,908 1,954 2,046 2,922 2,992 3,130 6,764 6,011 6,546 1,514 1,522 1,596 3,360 3,465 3,740 8,854 9,931 9,745 4,934 4,328 4,719 19,709 20,994 22,168 6,798 7,591 7,259 5,437 5,115 5,283 1,086 1,122 1,083 22,316 22,704 23,682 8,422 8,030 8,760 23,714 24,551 25,706 27,567 28,735 30,106 2,232 2,175 2,195 134,632 142,950 153,756 3,820 3,530 3,596 2,999 3,146 3,298 20,110 21,762 23,868 106,769 111,831 119,513 8,711 8,304 9,221 8,281 8,884 9,489 31,740 33,794 36,221 6,956 7,180 7,543 2,955 2,985 3,178 6,549 6,703 6,998 8,901 8,798 9,363 4,021 4,271 4,629 4,010 4,083 4,469 74,115 1,646 7,478 6,828 3,071 6,137 13,303 4,673 2,596 8,778 12,559 29,127 22,841 4,712 2,514 13,987 11,646 50,229 14,579 4.4 5.4 5.2 4.9 3.6 5.6 6.0 5.5 3.7 4.7 4.6 3.3 4.9 7.9 1.9 4.6 5.6 4.6 2.9 3.6 4.3 4.0 4.7 4.8 1.7 7.6 6.2 4.8 9.7 6.9 5.9 6.8 7.2 5.1 6.5 4.4 6.4 8.4 9.5 Rank in U.S. Dollars 19,102 20,471 19,995 17,199 19,575 21,969 17,532 17,331 15,712 16,884 16,910 17,001 18,076 16,144 18,046 17,655 20,159 19,299 18,071 18,020 20,079 17,839 18,273 17,277 15,247 20,762 16,391 15,543 19,827 21,755 15,848 10,338 16,962 17,794 15,417 18,124 19,384 17,966 15,978 20,097 21,785 21,007 17,923 20,700 23,261 18,348 18,103 17,114 17,291 17,281 18,384 18,169 16,494 19,676 19,092 21,311 20,468 18,647 17,894 20,341 18,580 18,833 17,884 15,363 21,617 16,625 16,061 20,689 22,400 16,339 10,654 17,672 18,261 15,386 18,385 18,886 18,613 15,994 20,956 22,702 21,945 18,674 21,461 24,283 19,291 19,155 17,732 18,028 18,030 18,894 19,048 17,677 19,922 19,905 22,306 21,199 19,129 18,449 21,135 19,324 19,623 18,626 15,546 22,812 17,491 16,667 21,838 23,540 17,088 11,010 18,482 19,031 16,332 19,081 19,745 19,671 17,240 112 130 148 166 27 88 86 35 61 64 60 31 43 116 52 16 92 96 143 137 136 110 104 145 75 76 37 55 98 123 56 91 83 119 169 28 149 163 45 20 160 172 122 105 165 101 81 82 153 78,505 1,627 7,720 7,071 2,946 6,419 14,089 4,775 2,653 9,521 13,479 31,376 25,461 5,135 2,713 15,105 12,199 54,585 15,818 84,768 1,719 8,061 7,424 3,153 6,811 14,900 5,030 2,844 10,314 14,516 33,870 28,022 5,511 2,933 16,368 12,954 60,129 16,927 8.0 22,494 23,201 24,486 14 5.6 17,737 17,521 18,433 124 4.4 18,953 19,347 20,082 69 5.0 18,003 18,298 18,930 109 7.0 18,488 17,581 18,757 114 6.1 17,101 17,493 18,132 131 5.8 17,729 18,335 19,011 107 5.3 16,592 16,647 17,328 151 7.2 17,753 17,725 18,665 117 8.3 19,240 20,127 21,084 58 7.7 22,646 23,676 24,848 12 7.9 16,524 17,362 18,357 125 10.1 20,423 21,352 22,250 38 7.3 14,266 15,050 15,584 168 8.1 15,591 16,364 17,303 152 8.4 17,213 18,134 19,198 94 6.2 13,189 13,416 13,990 171 10.2 19,815 20,792 21,461 52 7.0 17,173 18,019 18,765 113 358,919 365,524 56,001 57,820 21,122 21,458 387,304 61,106 22,455 6.0 21,542 21,803 22,976 26 5.7 21,484 22,114 23,263 21 4.6 16,605 16,577 17,171 156 215,688 222,894 238,300 41,827 43,596 46,597 5,493 5,650 5,947 12,544 13,303 14,172 51,216 54,760 59,259 3,071 3,098 3,285 11,127 11,548 12,073 86,639 90,899 96,599 13,632 14,130 14,489 27,505 28,304 29,184 6.9 6.9 5.2 6.5 8.2 6.0 4.5 6.3 2.5 3.1 25,866 20322 16,935 17,222 20,472 16,453 18,608 23,382 22,807 23,712 26,611 20,989 17,241 17,972 21,437 16,365 18,721 24,207 23,495 24,137 28,268 22,169 18,010 18,870 22,723 17,183 19,111 25,314 24,046 24,749 2 40 138 111 30 155 100 10 18 13 NOTE.—Codes are assigned, beginning with 001 in northern Maine, continuing south to Florida, then north to the Great Lakes, and continuing in a serpentine pattern to the West Coast. Except for the Western Oklahoma economic area (126), the Northern Michigan economic area (058), and the 17 economic areas mainly corresponding to CMSA's, each economic area is named for the metropolitan area or city that is the node of its largest CEA and that is usually, but not always, the largest metropolitan area or city in the economic area. The name of each economic area includes each State that contains counties in the economic area. September 1997 SURVEY OF CURRENT BUSINESS Table 3,—Personal Income and Per Capita Personal Income by County, 1993-95 Personal income Area name Percent change2 Millions of dollars 1993 United States l Metropolitan portion .. .... Nonmetropolitan portion 1994 1994-95 1995 5,471,129 5,739,851 6,097,977 4,627,255 4,850,244 5,162,277 843,874 SSQieO? 935,700 Alabama Metropolitan portion Nonmetropolitan portion Rank in State Dollars 1993 1994 1995 6.2 6.4 5.2 21,223 22,044 23,196 22,481 23,327 24,594 16,239 16,959 17,658 77,009 55,525 21,484 81,564 58,921 22,643 5.9 6.1 5.4 17,446 18,269 19,209 18,650 19,466 20,498 14,954 15,765 16,507 602 2,018 412 243 623 130 287 1,846 546 283 646 2,219 431 262 671 135 305 1,916 571 296 689 2,405 439 281 720 147 325 2,024 603 308 6.7 8.4 1.9 7.2 7.3 8.4 6.5 5.6 5.6 4.1 16,270 18,180 15,556 13,948 15,166 11,753 13,164 15,859 14,737 14,012 16,980 19,250 16,288 14,944 16,270 12,138 14,061 16,989 15,496 14,515 17,690 20,151 16,666 15,713 16,945 13,144 15,003 17,840 16,330 14,783 21 6 31 49 26 62 58 18 42 59 CleLrne Coffee Colbert Gonecuh Coosa Covington 494 227 407 209 201 724 875 195 151 545 531 239 430 227 209 747 932 210 160 581 571 247 456 239 220 782 983 221 177 610 7.6 3.4 5.9 5.7 5.0 4.7 5.5 5.3 4.9 14,655 14,074 14,588 15,534 15,246 17,486 16,608 13,837 13,336 14,683 15,607 14,966 15,423 16,875 15,913 17,889 17,846 14,958 13,851 15,813 16,467 15,521 16,382 17,797 16,601 18,561 18,825 15,788 15,181 16,435 36 53 40 19 34 13 10 48 56 38 Crenshaw Cullman Dale Dallas De Kalb Elmore Escambia Etowah Fayette Franklin 198 1,138 755 668 877 855 511 1,639 263 436 207 1,227 788 714 936 927 537 1,727 283 463 218 1,279 830 754 994 1,000 564 1,839 296 491 5.5 4.3 5.3 5.5 6.2 7.9 5.2 6.4 4.8 6.0 14,552 16,131 15,174 13,898 15,493 15,795 14,138 16,425 14,568 15,190 15,414 17,250 15,732 15,013 16,326 16,787 14,866 16,935 15,746 16,102 16,142 17,778 16,646 15,868 17,405 17,600 15,701 18,032 16,526 16,914 43 20 32 47 25 23 50 16 35 28 Henry Houston Jackson . Jefferson Lamar Lauderdale Lawrence 386 118 206 233 1,509 809 13,957 232 1,381 472 405 123 219 245 1,583 835 14,726 241 1,466 503 415 128 230 250 1,676 879 15,665 257 1,564 520 2.5 4.0 5.0 2.2 5.8 5.3 6.4 6.5 6.7 3.4 15,883 11,636 12,893 14,831 17,950 16,382 21,267 14,700 16,724 14,530 16,606 12,347 13,715 15,599 19,078 16,963 22,212 15,414 17,773 15,613 16,896 12,907 14,277 16,004 20,049 17,679 23,625 16,449 18,844 15,930 29 64 60 44 7 22 1 37 9 46 Lee Limestone Lowndes Macon Madison Marengo Marion Marshall Mobile Monroe 1,391 980 150 293 5,568 352 430 1,279 6,477 351 1,460 1,024 155 309 5,760 370 461 1,367 6,748 371 1,552 1,073 161 323 6,018 383 498 1,455 7,063 388 6.3 4.7 3.3 4.5 4.5 3.3 8.0 6.5 4.7 4.6 15,259 16,917 11,753 11,990 21,699 15,000 14,353 17,016 16,425 14,463 16,002 17,490 12,246 12,947 21,412 15,849 15,359 17,909 17,135 15,291 16,615 18,129 12,472 13,605 22,394 16,350 16,390 18,703 17,908 15,950 33 15 66 61 4 41 39 12 17 45 Montoomerv Morgan .... Perry Pickens Pike Randolph Russell St. Clair Shelby Sumter 4,383 1,993 144 294 433 292 705 823 2,443 198 4,606 2,120 152 305 457 303 745 896 2,667 204 4,869 2,252 158 319 479 314 787 974 2,924 211 5.7 6.2 3.8 4.7 4.8 3.5 5.7 8.7 9.6 3.3 20,263 18,958 11,534 13,987 15,243 14,341 14,096 15,063 21,719 12,320 21,299 20,125 12,142 14,648 15,967 15,041 14,540 16,076 22,228 12,578 22,487 21,192 12,401 15,349 16,848 15,572 15,404 16,926 23,331 13,073 3 5 67 55 30 51 54 27 2 63 1,060 675 2,678 1,144 243 157 356 1,115 695 2,856 1,189 265 161 376 1,181 740 3,045 1,267 259 169 406 5.9 6.5 6.6 6.5 5.5 7.8 14,035 17,067 17,306 16,631 14,247 11,446 15,725 14,800 17,647 18,411 17,341 15,587 11,805 16,358 15,572 18,809 19,281 18,345 15,094 12,478 17,450 51 11 8 14 57 65 24 13,632 6,616 7,016 14,130 6,921 7,209 14,489 7,015 7,473 2.5 1.4 3.7 22,807 23,495 24,046 26,465 27,484 27,914 20,178 20,621 21,278 44 188 6,616 220 45 39 94 1,604 57 753 46 159 6,921 226 45 42 94 50 147 7,015 236 45 44 100 1,707 61 828 8.1 18,784 20,925 26,465 14,945 29,827 21,072 21,598 19,106 27,370 26,230 Chilton Choctaw Clarke Greene . Talladega Tallapoosa Tuscaloosa Walker Washington Wilcox Winston . . Alaska Metropolitan portion Nonmetropolitan portion Aleutians East Borough Aleutians West Census Area Anchorage Borough Bethel Census Area Bristol Bay Borough Denali Borough Dillingham Census Area Fairbanks North Star Borough Haines Borough Juneau Borough See footnotes at end of table. "& 793 10.7 -2.1 -7.3 1.4 4.7 .6 6.5 5.8 3.7 2.2 4.5 20,234 26,898 27,484 15,025 32,492 21,192 21,334 19,465 27,214 27,547 21,477 29,313 27,914 15,300 35,369 22,665 22,701 20,557 27,864 28,331 1993 15 3 5 26 1 14 12 18 6 4 1995 1995 Apache Cochise Coconino Graham Greenlee La Paz Maricopa Mohave Navajo Pima Pinal . . Arkansas Metropolitan portion Nonmetropolitan portion ..... 982 405 289 27 754 138 157 112 1,059 439 308 30 841 150 171 118 3.1 5.3 5.2 9.8 4.2 4.3 6.4 3.5 22,306 28,478 20,025 15,934 16,217 15,903 23,504 17,411 23,010 30,589 20,680 17,051 16,634 17,034 24,468 18,001 11 2 17 23 25 24 8 21 116 203 116 196 123 202 5.9 2.6 17,108 16,772 17,305 22,338 22,297 23,310 22 9 87 95 261 62 171 ' 15 96 81 108 260 63 169 17 99 81 108 268 66 163 18 111 .3 -.2 3.1 4.1 22,397 16,601 25,382 9,832 23,919 21,320 14,697 20,784 18,277 25,726 10,063 23,101 22,668 18,274 16 19 7 27 10 13 20 79,007 71,709 7,298 86,416 78,660 7,786 9.4 9.7 6.3 18,442 19,310 20,073 19,155 20,074 20,881 13,541 14,051 14,420 686 1,586 1,731 690 343 140 227 50,832 1,879 969 708 1,680 1,853 715 363 161 236 56,035 2,025 1,027 3.2 5.9 7.0 3.6 5.8 9,906 14,616 15,178 14,746 11,228 14,863 17,176 20,521 15,336 10,753 10,447 14,721 15,974 15,443 11,891 15,550 16,075 21,557 16,126 11,252 10,439 15,213 16,760 15,486 12,135 17,469 16,542 22,182 16,597 11,488 15 11 5 9 13 4 7 1 6 14 12,644 1,721 426 1,996 1,757 13,782 1,797 449 2,207 1,687 14,770 2,001 478 2,389 1,976 17,767 13,908 12,514 16,351 14,112 18,761 14,136 12,682 17,277 13,228 19,556 15,233 13,130 17,784 16,221 2 10 12 3 8 21,090 18,595 Arizona Metropolitan portion Nonmetropolitan portion 42,118 22,450 19,668 44,966 24,059 20,906 353 382 573 2,110 475 189 73 333 198 313 363 416 610 2,293 507 196 72 365 207 335 406 436 658 2,489 538 207 74 383 222 357 245 308 108 399 295 267 352 121 448 332 1,335 711 819 290 161 Clay Clebume Cleveland Columbia Conway Craighead Crawford .. Crittenden Cross Dallas 1:154 608 736 268 153 253 332 115 422 309 1,226 664 780 273 155 Desha Drew Faulkner Franklin Fulton Garland Grant .. Greene .... Hempstead Hot Spring 205 245 1,101 220 119 1,473 216 454 310 356 226 264 1,203 236 124 1,559 231 494 331 374 233 282 1,324 247 133 1,670 249 533 351 399 Howard .... Independence Izard Jackson ... Jefferson .. Johnson ... Lafayette .. Lawrence . Lee Lincoln 230 493 163 283 1,290 272 114 235 142 145 246 524 171 285 1,319 291 122 238 147 159 262 556 181 313 1,397 314 124 258 149 161 213 304 695 174 175 218 323 757 184 189 226 335 837 190 201 Little River Logan Lonoke Madison Marion 1994 1,027 417 293 28 807 144 161 114 635 1,509 1,599 641 319 132 238 46,674 1,703 905 Skagway-Hoonah-Angoon Census Area Southeast Fairbanks Census Area Valdez-Cordova Census Area Wade Hampton Census Area Wrangell-Petersburg Census Area Yakutat Borough Yukon-Koyukuk Census Area Arkansas . Ashley , Baxter Benton Boone Bradley Calhoun Carroll Chicot Clark 1994-95 ,1993 1995 Rank in State Dollars 72,899 66,097 6,802 Kenai Peninsula Borough Ketchikan Gateway Borough Kodiak Island Borough Lake and Peninsula Borough ..... Matanuska-Susitna Borough Nome Census Area North Slope Borough Northwest Artie Borough Pr. of Wales-Outer Ketchikan Census Area Sitka Borough Santa Cruz Yavapai Yuma 1994 Per capita personal income3 Percent change2 Millions of dollars Area name 1995 72,955 52,582 20,373 Autauga Baldwin Barbour Bibb Blount Bullock Butler Calhoun Chambers Cherokee Personal income Per capita personal income3 -3.2 3.1 11.4 14.6 4.1 10.2 7.8 6.0 7.2 11.3 6.2 8.2 17.1 6.8 7.2 6.3 22,821 29,129 19,545 15,665 16,602 16,419 23,711 17,391 20,631 18,424 25,163 9,760 23,478 23,385 16,271 16,353 17,157 18,097 18,142 19,059 20,113 14,709 15,403 16,225 4.8 7.7 8.5 6.0 5.2 3.0 5.0 7.2 6.7 16,593 15,461 17,066 19,035 15,811 16,115 12,513 16,350 12,618 14,316 17,204 16,906 17,584 19,831 16,457 16,814 12,422 17,002 13,314 15,082 19,296 17,744 18,360 20,549 17,124 17,665 12,764 17,443 14,472 16,117 7 13 10 5 19 15 71 17 59 32 5.7 6.0 5.3 6.2 7.5 8.9 7.0 5.0 6.4 4.0 13,766 14,688 13,612 15,586 15,310 15,905 13,347 14,704 13,883 16,076 14,289 15,510 14,222 16,522 15,857 16,704 14,263 15,619 14,301 16,334 15,203 16,093 14,737 17,504 16,776 17,826 14,792 16,450 15,062 16,992 47 34 52 16 24 12 51 28 48 21 3.1 7.0 4.5 7.0 7.1 7.5 7.9 6.0 6.8 12,770 14,028 16,487 14,265 11,608 18,914 14,832 13,653 13,950 13,147 14,274 14,977 17,403 15,071 11,958 19,552 15,491 14,546 15,010 13,609 14,899 15,879 18,509 15,330 12,530 20,665 16,415 15,400 15,845 14,374 50 36 9 44 72 3 30 42 37 60 6.4 6.1 6.1 9.9 5.8 7.7 1.9 8.3 1.4 1.3 16,714 15,381 13,557 14,917 15,294 14,039 12,056 13,530 10,780 10,466 17,950 16,143 13,773 15,085 15,649 14,636 13,181 13,660 11,263 11,346 19,089 16,905 14,283 16,739 16,685 15,419 13,348 14,734 11,537 11,405 8 23 61 25 26 41 69 53 73 74 3.5 3.9 15,657 14,626 16,287 13,846 13,585 16,171 15,364 17,074 14,192 14,341 16,909 15,898 18,205 14,711 14,517 22 35 11 55 56 11.8 10.0 10.7 3.2 6.1 September 1997 • 57 SURVEY OF CURRENT BUSINESS Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Area name 1993 Miller .. Mississippi Monroe Montgomery Nevada Percent change2 Millions of dollars 1994 1994-95 1995 Rank in State Dollars 1993 1994 1995 586 817 143 112 139 619 865 154 118 146 5.7 5.8 7.6 5.1 5.2 14,333 14,913 12,943 12,882 13,208 14,988 16,062 13,371 13,682 13,695 15,812 17,027 14,732 14,177 14,484 38 20 54 63 57 Newton Ouachiia Perry .. Phillips Pike .; Poinsett Polk ,.. Pope.. Prairie Pulaski 82 438 110 367 151 337 251 778 118 7,597 87 449 116 375 161 360 272 828 127 7,947 91 460 124 390 171 387 293 885 143 8,450 3.6 2.4 6.8 4.0 6.5 7.4 7.8 6.9 6.3 10,525 14,959 13,070 13,041 14,961 13,760 13,816 15,904 12,685 21,427 11,025 15,457 13,372 13,304 15,866 14,785 14,631 16,540 13,810 22,508 11,272 16,099 13,860 13,930 16,442 15,757 15,539 17,403 15,391 24,029 75 33 66 64 29 39 40 18 43 1 Randolph St. Francis Saline Scott ... Searcy Sebastian Sevier . Sharp .. Stone .. Union .. 219 359 1,097 140 92 1,936 222 198 129 868 225 380 1,199 152 96 2,073 229 209 140 902 242 409 1,306 160 103 2,184 242 220 148 954 7.7 7.8 8.9 4.9 6.5 5.4 5.6 5.7 6.0 5.8 12,744 12,825 15,895 13,464 12,057 18,770 15,297 12,837 12,342 18,670 13,026 13,522 16,831 14,438 12,596 20,034 15,683 13,187 13,102 19,492 13,889 14,478 17,731 14,996 13,305 20,866 16,465 13,637 13,679 20,620 65 58 14 49 70 2 27 68 67 4 Van Buren Washington White .. Woodruff Yell ..... 190 2,209 804 130 271 201 2,403 865 128 288 215 2,589 925 140 303 6.8 7.7 7.0 9.4 5.0 13,024 17,797 13,839 14,214 14,729 13,709 18,805 14,571 13,886 15,561 14,252 19,612 15,221 15,281 16,143 62 6 46 45 31 697,927 680,701 17,226 715,922 698,414 17,508 760,405 741,914 18,491 6.2 6.2 5.6 22389 22828 24,090 22,586 23,037 24,319 16,669 16,758 17,486 Alameda Alpine . Amador Butte ... Calaveras Colusa Contra Costa Del Norte El Dorado Fresno 32,448 25 569 3,225 624 347 24,348 370 2,985 12,753 33,564 25 577 3,317 642 318 25,237 384 3,173 12,944 35,788 27 621 3,482 679 354 27,208 401 3,441 13,573 6.6 8.5 7.5 5.0 5.7 7.8 4.3 8.5 4.9 24,661 21,275 17,590 16,881 17,339 20,200 28,565 13,738 21,012 17,671 25,459 20,998 17,618 17,249 17,273 18,141 29,290 14,146 21,830 17,660 27,071 22,105 18,761 18,040 17,973 19,799 31,246 14,935 23,161 18,329 8 19 36 42 43 27 5 55 17 37 Glenn .. Humboldt Imperial Inyo ..... Kern .... Kings .. Lake .... Lassen Los Angeles Madera 430 2,132 2,055 352 10,073 1,496 967 416 199,770 1,610 410 2,208 1,942 357 10,218 1,512 1,003 439 201,754 1,639 415 2,330 2,087 382 10,860 1,566 1,056 456 213,337 1,701 1.3 5.5 7.5 6.9 6.3 3.5 5.2 4.1 5.7 3.8 16,678 17,403 15,149 19,131 16,798 13,866 17,587 14,700 21,984 15,594 15,812 18,124 14,121 19,276 16,711 13,751 18,099 15,562 22,218 15,472 15,866 18,917 14,790 20,645 17,625 13,982 19,060 16,058 23,501 15,842 50 34 56 23 46 58 33 48 15 51 Marin .. Mariposa Mendocino Merced Modoc. Mono .. Monterey Napa ... Nevada Orange 9,259 269 1,466 3,025 158 199 7,946 2,912 1,649 65,005 9,559 274 1,531 3,043 149 206 7,922 3,035 1,723 67,212 10,162 286 1,630 3,017 149 212 8,452 3,233 1,826 71,272 6.3 4.5 6.4 -.9 -.1 3.0 6.7 6.5 6.0 6.0 39,390 17,393 17,904 15,735 16,488 19,329 22,577 25,433 19,551 25,681 40,616 17,591 18,641 15,494 15,373 19,364 23,804 26,262 20,075 26,213 43,318 18,255 19,673 15,653 15,519 20,084 25,270 27,881 20,917 27,420 1 39 29 52 53 25 13 6 22 7 Placer . Plumas Riverside Sacramento San Benito San Bernardino San Diego San Francisco San Joaquin San Luis Obispo 4,552 384 24,562 22,927 706 26,016 56,001 24,383 9,115 4,216 4,912 389 25,503 23,877 723 26,747 57,820 24,787 9,385 4,361 5,348 408 27,332 25,469 778 28,144 61,106 26,348 9,924 4,645 8.9 5.0 7.2 6.7 7.6 5.2 5.7 6.3 5.7 6.5 23,669 18,481 18,509 20,929 17,793 16,793 21,484 33,420 17,826 18,970 24,699 18,892 18,715 21,760 17,627 17,172 22,114 33,993 18,085 19,444 25,933 19,844 19,632 23,038 18,266 17,848 23,263 36,061 18,874 20,490 10 26 30 18 38 45 16 2 35 24 San Mateo Santa Barbara Santa Clara Santa Cruz Shasta Sierra .. Siskiyou Solano Sonoma Stanislaus 21,733 9,193 43,786 5,618 2,909 59 738 7,196 9,703 6,992 22,618 9,378 45,784 5,788 3,007 60 755 7,442 10,103 7,139 24,343 9,929 49,548 6,193 3,146 65 792 7,941 10,779 7,449 7.6 5.9 8.2 7.0 4.6 8.3 4.8 6.7 6.7 4.3 32,472 24,216 28362 24,049 18,319 17,726 16,810 19,785 23,799 17,379 33,511 24,435 29,439 24,587 18,785 17,941 17,139 20,412 24,533 17,537 35,802 25,860 31,487 26,202 19,558 19,176 17,853 21,873 25,888 18,122 3 12 4 9 31 32 44 21 11 41 1,343 754 202 5,263 859 1,383 773 204 5,363 902 1,478 818 214 5,615 942 6.9 5.7 4.6 4.7 4.4 18,907 14,424 15,253 15,516 16,664 18,916 14,557 15,120 15,517 17,342 19,767 15,154 15,877 16,144 18,214 28 54 .49 47 40 Sutter .. Tehama Trinity .. Tulare . Tuolumne See footnotes at end of table. 12.2 11.4 1993 Ventura Yolo Yuba 1994 Per capita personal income3 Percent change2 Millions of dollars Area name 1995 557 762 140 104 132 California Metropolitan portion ^metropolitan pordon Personal income Per capita personal income3 1995 1994-95 Rank in State Dollars 1993 1994 1995 1995 14 20 57 16,035 2;952 848 16,494 3,055 850 17,485 3,276 887 6.0 7.2 4.4 23,196 23,527 24,736 20,293 20,864 22,083 13,848 13,786 14,532 78,460 68,192 10,267 83,016 72,266 10,750 89,785 78,145 11,640 8.2 8.1 8.3 21,991 22665 23,958 22,630 23,407 24,797 18,522 18,686 19,526 Adams Alamosa Arapahoe Archuleta Baca Bent Boulder Chaffee Cheyenne Clear Creek 5,140 213 11,694 89 86 84 6,221 200 51 171 5,423 218 12,441 95 71 77 6,632 210 40 180 5,869 237 13,400 104 76 83 7,114 231 51 195 8.2 8.4 7.7 9.3 7.3 7.1 7.3 9.7 17,860 15,516 27,063 14,435 19,740 15,485 25,451 14,815 21,783 20,641 18,453 15,705 28,167 14,595 16,465 14,176 26,555 15,202 17,008 21,093 19,395 16,654 29,931 14,607 17,405 14,997 27,978 16,163 22,128 22,278 32 49 3 59 41 56 6 52 13 12 Conejos Costilla Crowley Custer Delta Denver Dolores Douglas 88 48 45 42 365 13,449 25 2,647 758 265 99 51 45 47 391 14,482 25 3,141 835 309 11,323 14,412 13,235 17,325 14,981 26,159 17,539 28,616 26,257 20,012 11,490 14,475 10,828 16,744 15,021 27,268 16,334 29,910 27,391 20289 12,673 14,974 11,054 16,816 15,577 29,283 15,770 31,397 28,574 21,016 61 58 63 46 54 4 53 EJbert 85 47 54 39 347 12,910 25 2,304 684 234 El Paso Fremont Garfield , Gilpin Grand Gunnison Hinsdale Huerfano Jackson Jefferson 8,301 488 595 66 167 181 11 82 30 11,252 8,931 529 656 72 180 195 12 87 26 11,804 9,660 576 710 79 195 206 13 95 26 12,654 19,104 13,613 18,353 20,339 19,302 15,780 20,683 13,590 17,449 24,024 19,684 13,683 19,214 21,159 20,690 16,747 19,400 14,168 15,806 24,705 20,770 14,115 20,038 21,941 21,325 17,300 19,997 14,994 16,471 26,068 19 60 26 14 16 42 28 57 50 10 41 152 100 686 4;075 192 85 334 1,768 11 33 139 105 754 4,368 199 82 329 1,866 12 44 147 117 817 4,726 221 92 362 2,007 13 23,789 21,066 16,375 19,162 19,875 14,062 15,557 19,205 17,553 19,438 19,669 19,352 17,120 20,313 20,536 14,170 14,823 18,723 18,016 19,348 27,134 20,500 18,644 21,277 21,747 15,438 16,714 20,275 18,904 20,023 8 22 34 17 15 55 48 23 33 27 212 324 444 423 327 51 163 91 507 235 223 339 480 417 325 57 184 86 535 215 239 364 511 437 358 62 210 87 569 235 18,086 16,070 16,679 18,242 16,014 19,077 19,184 21,559 37,950 17,743 18,698 16,210 17,337 17,496 15,839 19,803 19,371 20,395 39,314 15,903 19,911 16,875 17,706 17,987 17,235 20,233 19,840 20,164 41,505 17,290 30 45 40 38 44 24 31 25 1 43 feller 2,061 111 172 378 67 9 97 57 388 287 2,176 114 174 410 64 9 109 50 436 321 2,390 115 183 434 68 9 123 54 472 351 16,378 17,617 16,077 24,224 13,773 15260 21,133 21,531 25,388 19,161 17,025 17,830 15,832 25,405 12,420 16,746 22,573 18,852 26,780 19,836 18,441 17,744 16,359 26,102 12,352 16,755 24,809 20,652 27,384 19,965 35 39 51 9 62 47 11 21 7 29 Washington Weld Yuma 104 2,466 192 90 2,529 177 97 2,700 166 22,306 19,290 20,677 17,548 17,470 18,178 21,255 19,413 18,019 20 36 37 95,288 88580 6,708 98,293 91,281 7,012 103,722 96,351 7,371 5.5 5.6 5.1 29,091 30,031 31,712 29583 30,520 32,255 23,851 24,847 25 994 32,439 23,156 4,604 3,867 20,276 5,907 2,936 2,104 33,301 23,677 4,790 4,050 20,955 6,264 3,035 2,223 35,554 24,678 5,023 4,291 22,012 6,615 3,200 2,347 6.8 4.2 4.9 6.0 5.0 5.6 5.4 5.6 39,177 27,442 25,912 26,651 25,332 23,761 22,862 20,316 16,618 14,338 2,280 17,384 14,966 2,418 18,550 15,978 2,573 6.7 6.8 6.4 23,766 24,559 25,871 24,857 25,686 27,128 18,626 19,316 20,091 2,069 2,177 2,344 7.7 17,494 18,232 19,333 Colorado Metropolitan portion Nonrnetropolltan portion Kiowa Kit Carson Lake La Plata Larimer Las Animas Lincoln Logan Mesa Mineral Moffat Montezuma Montrose Morgan Otero Ourav . .. . Park ™Z™ I I Phillips Pitkin Prowers .............. Pueblo Rio Blanco Rio Grande Routt Saguache San Juan San Miguel Sedgwick Summit Connecticut Metropolitan portion Fairfield Hartford Litchfield Middlesex New Haven New London Tolland Windham Delaware Metropolitan portion Kent .... 29.2 8.4 11.5 6.6 1.6 11.4 7.3 7.7 1.6 18.7 10.1 16.9 8.2 9.0 8.3 9.4 8.3 5.5 8.8 8.7 -2.0 7.2 35.6 6.1 11.4 8.3 8.2 10.7 13.1 10.1 7.6 8.2 7.3 7.4 6.4 4.7 10.3 8.6 14.2 1.0 6.4 9.5 9.9 .9 5.7 5.8 7.0 1.7 13.1 8.9 8.4 9.3 8.2 6.8 -5.8 40,194 28,183 26,857 27,733 26,251 25,157 23,539 21,396 42,800 29,588 28,041 29,131 27,672 26,436 24,731 22,481 5 18 1 2 4 3 5 6 7 8 3 58 • September 1997 SURVEY OF CURRENT BUSINESS Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Millions of dollars Area name Percent change2 1994 1994-95 1993 New Castle Sussex District of Columbia Florida Metropolitan portion Nonmetropolltan portion 1995 Rank in State Dollars 1993 1994 1995 12,269 2,280 12,788 2,418 13,634 2,573 6.6 26,755 27,608 29,148 6.4 18,628 19,316 20,091 17,510 17,880 18,351 2.6 30242 31,477 33,093 290,075 304,113 326,670 273,759 287,059 308,384 16,317 17,054 18,286 7.4 21,153 21,777 23,031 7.4 21,484 22,123 23402 7.2 16,803 17,242 18,164 ZI I Alachua Baker Bay Bradford Brevard Broward Calhoun Charlotte Citrus Clay 3,473 274 2,373 304 8,564 32,716 137 2,294 1,647 2,145 3,663 286 2,471 320 8,938 34,274 146 2,456 1,742 2,289 3,905 308 2,592 348 9,341 37,008 150 2,649 1,844 2,501 6.6 7.7 4.9 8.7 4.5 8.0 2.6 7.9 5.8 9.3 18,193 13,858 17,295 13,023 19,663 24,175 12,034 18,636 16,180 18,348 18,961 14,442 17,680 13,327 20,161 24,736 12,431 19,483 16,719 19,000 19,984 15,258 18,229 14,565 20,747 26,192 12,622 20,539 17,189 20,132 22 49 29 54 19 Collier Columbia Dade De Soto Dixie Duval Escambia Flagler . Franklin Gadsden 5,343 676 39,110 406 122 14,112 4,598 572 139 580 5,601 729 40,344 410 145 14,725 4,757 632 151 590 6,015 791 43,087 446 154 15,748 4,964 692 157 618 7.4 8.4 6.8 8.6 60 4.4 9.5 4.0 4.8 eig 31,084 14,870 19,699 16,391 10688 20^123 17,177 15,934 14,293 13,575 31,447 15,591 20,056 16,352 12380 20^941 17,370 16,677 15,198 13,725 32,878 16,414 21,058 17,625 12707 22^337 18,089 17,195 15,431 14,229 4 41 17 36 62 13 32 37 47 56 Gilchrist Glades Gulf Hamilton Hardee , Hendry Hernando Highlands ... Hilisborough Holmes 142 108 176 129 313 508 1,856 1,270 16,819 203 150 102 190 135 314 477 2,013 1,316 17,790 216 159 109 196 146 339 526 2,169 1,425 19,067 223 5.6 7.6 3.4 8.6 8.0 10.3 7.8 8.3 7.2 3.5 12,700 14,430 14,233 11,379 15,369 17,883 16,350 17,505 19,410 12,297 12,582 13,342 14,536 11,648 15,343 16,336 17,157 17,844 20328 12,708 12,888 14,223 14,753 12,198 16,647 17,789 18,190 19,124 21,509 12,456 60 57 51 66 39 34 30 26 15 64 Indian River Jackson Jefferson Lafayette Lake Lee Leon Levy Liberty Madison 2,687 603 181 74 3,062 7,784 3,924 383 74 207 2,827 625 188 76 3,268 8,259 4,194 403 79 216 3,066 647 207 79 3,506 8,880 4,465 435 83 234 8.4 28,524 29,646 31,845 3.5 13,905 14,322 14,604 10.0 14,460 14,745 15,826 3.4 13,057 12,941 12,375 7.3 18,288 18,840 19,459 7.5 21,672 22,450 23,664 6.5 18,928 19,781 20,875 7.8 13,635 13,976 14,631 5.4 12,876 12,619 12,856 8.3 12,196 12,571 13,478 5 53 45 65 24 11 18 52 61 59 Manatee Marion Martin Monroe Nassau Okaloosa Okeechobee Orange . Osceola Palm Beach 4,955 3,533 3,406 1,982 954 2,914 457 14,556 1,896 30,995 5,240 3,804 3522 2,054 1,004 3,060 461 15,257 2,003 32,424 5,690 4,090 3,815 2,208 1,090 3,237 491 16,274 2,138 35,204 8.6 7.5 8.3 7.5 8.6 5.8 6.4 6.7 6.7 8.6 22,221 16,673 31,762 24,251 19,736 18,491 14,650 20,027 15,377 33,197 Pasco Pinedas Polk Putnam St. Johns St. Lucie Santa Rosa Sarasota Seminole Sumter 4,896 20,363 7,175 950 2,395 2,720 1,632 8,534 6,666 465 5,266 20,794 7,709 975 2,613 2,841 1,727 9,135 7,162 496 5,747 22,407 8,344 1,055 2,869 3,051 1,853 9,867 7,727 535 9.1 7.8 8.2 8.2 9.8 7.4 7.3 8.0 7.9 7.9 Suwannee Taylor Union Volusia . Wakulla , Walton Washington 441 238 110 6,845 244 433 234 464 269 115 7,235 265 466 244 498 282 121 7,772 277 487 259 7.2 4.9 6.0 7.4 4.5 4.7 6.2 Georgia Metropolitan portion Nonrnetropolitan portion 135,741 34J631 145,446 156,617 108,168 116916 37,278 39,701 218 97 141 53 700 172 532 1,004 253 215 246 111 150 57 725 186 581 1,090 280 234 256 118 163 69 768 200 632 1,181 297 255 4.2 6.5 8.1 22.3 6.0 7.8 8.7 8.3 5.9 9.1 Bibb 2,989 3,124 3,310 5.9 24,758 18,130 34,529 27,210 21,488 19,795 15,921 21,868 16,317 36,057 10 31 2 7 16 23 44 14 42 1 16,760 23,570 16,972 14,008 25,347 16,470 17,246 29,649 21,049 14,205 23,120 17,318 32,251 25,219 20,255 19,007 14,855 20,652 15,822 33,862 \ 17,601 23,984 17,930 14,195 26,557 16,781 17,451 31,259 22,080 14,858 .18,808 25,765 19,126 15,237 28,140 17,747 17,856 33,445 23,400 15,364 28 9 25 50 6 35 33 3 12 48 15,210 13,776 9,360 17,227 15,101 13,896 13,109 15,729 15,514 9,299 17,842 15,883 14,223 13,535 16,621 15,722 9,944 18,951 15,958 14,360 13,618 40 46 67 27 43 55 58 7.7 19,656 20592 21,726 8.1 2157C 22,482 23,737 8.5 15,598 16,555 17,388 Appling Atkinson Bacon Baker Baldwin Banks Barrow Bartow Ben Hill Berrien See footnotes at end of table. 63 20 38 21 15,312 16,767 14,571 15,363 17,618 16841 16,844 16J41 17,692 15,081 16,402 14,509 15,384 15,810 17,362 15,695 18,431 18,487 17392 17,654 18,527 17,130 16,411 115 68 120 44 42 67 59 41 78 95 19,429 20,206 21,395 13 13,559 14,853 14,023 14,236 17,075 15.88C Millions of dollars Area name 1995 1 2 Per capita personal income3 Personal income Percent change2 1994 1994-95 1993 Bieckley Brantley Brooks .. Bryan Bulloch Burke Butts Calhoun Camden Candler Carroll Catoosa Charlton Chatham Chattahoochee Chattooga Cherokee Clarke Clay, Clayton Clinch .. Cobb Coffee Colquitt Columbia Cook Coweta Crawford Crisp 1995 Rank in State Dollars 1993 1994 1995 1995 275 626 •288 238 79 503 180 164 224 307 690 314 257 84 542 189 177 237 342 748 324 277 95 557 4.7 15,717 16,762 17,205 7.7 12,878 13,283 13,946 5.7 13,106 14,305 14,926 11.3 14,593 15,357 16,129 8.4 13,438 14,442 15,428 3.1 13,479 14,597 14,962 7.7 14,996 16,416 17,247 12.8 15,808 17,075 19,298 2.6 12,657 13,145 13,636 76 149 137 99 125 134 72 29 151 131 1,181 661 107 4,569 245 335 2,005 1,544 41 138 1,258 712 114 4,811 241 351 2,232 1,617 44 146 1,349 765 121 5,088 261 367 2,502 1,736 45 5.9 15,834 16,333 17,005 7.3 15,758 16,426 17,288 7.5 14,585 15,323 15,962 6.3 11,837 12,380 13,176 5.8 20,393 21,306 22,457 8.2 15,347 15,372 16,390 4.6 14,825 15,414 16,047 12.1 19,395 20,440 21,745 7.3 17,373 17,893 19,253 2.9 11,722 12,814 13,275 85 71 109 156 8 96 104 10 32 155 12,258 507 572 1,379 183 1,148 133 305 3,514 96 13,131 562 604 1,478 197 1,273 139 338 3,752 103 14,227 607 660 1,589 211 1,416 149 358 6.8 17,491 17,998 18,862 8.0 14,004 14,840 15,943 8.3 24,729 25,752 27,045 8.0 16,178 17,538 18,564 9.3 15,285 15,995 17,225 7.6 17,974 18,429 18,911 7.1 13,260 14,070 14,967 11.2 18,013 18,715 19,605 6.9 13,826 14,105 14,606 5.7 14,963 16,449 17,395 36 111 2 40 74 35 133 22 139 66 207 243 460 15,140 274 162 1849 1,615 194 35 5.5 13,432 14,072 14,590 11.1 17,945 19,308 19,931 8.7 15,053 16,122 17,440 7.0 23,660 24,473 25,881 5.0 13,509 14,630 15,396 -2.6 14,024 16,396 15,801 57 16800 17935 19096 8.8 171650 18i578 19>01 2.7 14,576 15,646 16,058 11.0 13,327 14,448 15,240 140 17 64 4 126 116 34 20 102 127 168 153 207 Dade Dawson Decatur DeKalb Dodge Doofy . Dougherty Douglas ... Early Echols 182 192 393 13,478 242 144 1,642 '176 30 196 219 423 14,156 261 166 1 750 ^485 189 32 Effingham Elbert Emanuel Evans Fannin Fayette Floyd . Forsyth Franklin Fulton 449 289 274 137 229 1,737 1,519 1,176 299 20,606 494 307 297 153 248 1,860 1,614 1,378 322 22,075 541 325 316 172 263 2,016 1,681 1,619 342 23,957 9.4 5.7 6.3 12.6 5.9 8.4 4.2 17.5 6.4 8.5 16,965 16,940 15,110 18,348 15,083 25,602 20,055 25,954 19,258 34,056 87 88 129 47 132 5 16 3 31 1 Gilmer Glascock Glynn Gordon Grady Greene Gwinnett Habersham Hall Hancock 237 37 1,323 619 292 180 9,460 508 1,963 119 258 41 1,401 675 315 196 10,433 542 2,147 124 273 45 1,505 704 335 204 11,531 582 2,320 131 5.9 16,010 16,890 17,030 8.6 15,579 17,448 18,748 7.5 20,426 21,558 23,000 4.4 16,670 17,872 18,312 6.4 13,970 14,942 15,747 4.2 14,438 15,489 15,952 10.5 22,922 23,990 25,142 7.4 17,390 18,338 19,285 8.1 19,041 20,207 21,165 5.5 13,130 13,794 14,411 82 37 7 48 118 110 6 30 14 144 Haralson Harris Hart, Heard Henry .... Houston Irwin Jackson Jasper JeffDavis 356 345 317 114 1,300 1,642 131 514 140 176 372 367 334 124 1,461 1,719 149 557 150 190 397 401 353 133 1,637 1,827 162 606 159 201 6.5 9.0 5.9 7.4 12.0 6.3 8.6 8.7 6.2 5.6 15,699 18,167 15,572 12,414 17,811 17,204 15,195 16,029 15,839 14,436 16,194 18,599 16,397 13,282 18,478 17,498 17,429 16,845 16,702 15,369 16,999 19,579 17,055 13,886 19,326 18,369 18,618 17,830 17,340 16,102 86 24 80 150 28 46 39 55 69 100 Jefferson Jenkins Johnson Jones Lamar Lanier Laurens Lee Liberty. Lincoln 250 112 112 366 197 84 664 273 636 116 265 120 120 384 210 92 715 313 669 123 275 124 125 407 222 102 757 350 709 130 3.6 2.8 3.9 6.1 5.6 11.1 5.9 11.7 6.0 6.2 14,235 13,114 13,293 17,075 14,646 14,246 15,954 14,946 11,233 14,834 15,066 14,033 14,343 17,728 15,289 15,022 16956 16,555 11,380 15,558 15,482 14,324 14,960 18,482 16,019 16,210 17 7& 17,644 12,113 16,300 122 146 135 43 105 98 57 60 158 97 73 1,291 250 33J 110 188 346 '75 298 98 78 1,376 271 355 116 204 372 82 312 109 86 1,492 292 370 126 205 399 84 331 121 10.4 10,454 10,578 11,002 8.4 16,002 16,706 17,940 7.6 15,823 16,706 17,459 49 15,876 16674 17,238 8.2 12,263 12,692 13,406 .5 14,444 15,567 15,479 7.3 15,275 16,273 17,047 2.6 12,511 13,138 13,122 5.9 13,023 13,578 14,380 10.8 15,605 17,414 19,351 159 54 63 73 153 123 81 157 145 27 Long Lowndes Lumpkin McDuffie Mclntosh Macon Madison Marion Meriwether Miller 15,521 15,160 13,090 14,865 13,805 23,965 18,348 22,316 17,171 30,380 16,246 16,037 14,234 16,616 14,540 24,529 19,393 24,145 18,329 31,849 September 1997 • SURVEY OF CURRENT BUSINESS 59 Table 3,—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Area name 1993 Mitchell Monroe Montgomery Morgan Murray Muscogee Newton Oconee Oglethorpe , Paulding Percent change2 Millions of dollars 1994 309 1994-95 1995 289 103 241 410 330 306 110 262 446 362 326 116 274 470 3,318 3,445 3,611 737 386 810 427 885 471 10.2 159 733 169 809 185 903 11.6 372 385 311 222 175 528 150 268 35 212 114 407 338 237 188 556 150 288 36 233 117 3,603 1,185 53 210 131 903 395 3,722 3,888 221 145 953 417 Sumter Talbot 71 480 81 Taliaferro Tattnall Taylor Teffair Terrell Thomas Tift ... Toombs Towns Treutlen Troup Turner Twiggs Union Upson . Walker Walton Ware Warren Washington Peach Pickens Pierce Pike . Polk . Pulaski Putnam Quitman Rabun Randolph Richmond Rockdale Schley , Screven Seminole K Stewart Wayne .„ Webster Wheeler White Whitfield , Wilcox Wilkes Wilkinson Worth Hawaii Metropolitan portion Nonmetropolltan portion Hawaii Honolulu Kauai Maui + Kalawao 97 6.5 5.2 4.6 5.5 4.8 9.2 Rank in State Dollars 1993 1994 1995 1993 65 75 128 24 119 23 62 9 16002 16,507 14,324 19,080 15,379 18,445 16,724 21,039 15,953 14,507 17421 17,219 15,142 19,579 15,708 19,591 17,500 22,107 17,097 15,091 79 131 5.7 8.8 6.6 6.9 5.3 -.1 7.3 2.3 9.9 2.6 16,671 18,212 14,488 16,093 14,498 16,928 16,357 14,415 15,662 12,963 16,903 19,143 15,361 16,000 15,232 18,132 17,207 14,992 17,315 14,053 17,641 20,118 15,971 16,488 15,909 18,128 17,950 15,109 18,375 14,507 61 15 107 93 112 51 53 130 45 142 232 158 1,014 444 4.4 8.5 5.0 5.4 9.4 6.4 6.6 78 565 90 2.0 8.5 5.4 18,958 20,749 15,103 15,692 15354 16,752 16,874 13,944 16,673 12,878 19,924 21,656 15,789 16,412 17022 17,723 17,783 14,235 18,132 13,530 18 11 117 94 83 58 56 76 521 86 18,373 19,590 14,629 14,952 14102 15,932 16,172 12,858 15,372 11,986 26 262 113 161 143 705 545 368 110 75 27 287 120 167 153 748 632 398 120 80 27 311 125 171 159 815 680 430 132 85 -2.3 14,380 14,443 14,638 14,184 13,305 17,743 15,326 14,910 15,211 12,585 15,191 15,707 15173 14,429 14,008 18,615 17,602 16,096 16,250 13,468 14,536 16,689 15457 14,696 14,417 19,730 18,623 17,163 17,302 14,283 141 90 124 138 143 19 38 77 70 147 979 124 120 206 401 913 728 531 84 336 1,030 1,133 10.0 141 128 228 425 951 772 562 87 364 141 134 245 451 17,182 13,937 12,338 15,548 15,147 15,338 17,115 14,808 13,779 17,146 17,891 15,737 12,932 16,754 15,943 15,881 17,181 15,748 14,370 18,418 19,558 15,858 13,366 17,006 16,804 16,597 17,952 16,627 14,956 19,100 26 113 154 84 89 92 52 91 136 33 ,281 203 170 497 139 250 33 189 105 "5 1,008 844 594 90 379 345 32 69 265 362 35 74 289 382 36 77 302 1,500 1,611 1,691 100 176 156 287 115 186 161 328 115 192 170 345 27,505 21,675 B OOrt 0,830 28,304 22,254 ft f\EA o,uou 29,184 22,901 COQO 0,283 9.4 8.2 42 2.2 3.8 9.0 7.6 8.3 10.1 6.0 .1 5.0 7.2 6.1 6.0 9.4 5.7 3.7 4.2 5.7 1.4 4.6 4.5 5.0 .6 3.4 5.6 5.5 14,413 14,525 14,133 18,811 19,916 14,191 16,574 14,877 13,804 3.1 148 50 152 23,712 24,137 24,749 25,150 26,300 10 RKft 10 04A 20,372 19,000 19,940 2.9 a0 O.Sf 15,004 15,684 15,266 19,814 20,829 16,171 17,542 15,357 15,457 15,548 15,811 15,977 19,665 21,425 16,057 18,151 15,964 16,100 121 114 106 21 12 103 49 108 101 4 1 3 2 2,330 21,675 1,104 2,395 2,406 22,254 1,149 2,495 2,501 22,901 1,202 2,581 3.9 2.9 4.6 3.4 17,536 25,150 20,127 21,705 19,365 8053 11,311 20,561 8,811 11,750 22,022 9,575 12,447 7.1 8.7 5.9 17,575 18,092 18,885 19,908 20,946 16,222 16,415 17,012 Ada .. Adams Bannock Bear Lake Benewah Bingham Blaine Boise Bonner Bonneville 5,390 6,007 6,563 52 53 53 1,121 1,182 1,245 78 130 591 415 67 458 76 141 585 453 79 500 82 148 604 506 86 526 9.3 .9 5.3 7.8 5.1 3.4 1,418 1,467 1,520 23,035 14,094 16,056 12,298 15,657 14,616 27,064 15,712 15,139 18,095 24,646 13,788 16,404 11,917 16,405 14,276 28,230 17,602 15,698 18,511 26,017 13,852 17,033 12,507 16,760 14,733 30,641 18,354 15,909 19,090 2 35 16 42 17 31 1 10 21 7 Boundary Butte Camas Canyon Caribou Cassia Clark Clearwater 116 44 13 124 43 11 129 49 13 1,542 109 355 1,623 110 350 1,767 121 361 20 136 19 141 13,358 13,944 14,533 15,469 15,215 16,815 23,603 15,004 13,426 15,707 15,046 16,197 16,526 17,053 22,444 15,370 37 22 28 19 22 129 12,902 14,622 16,824 15,313 15,021 17,297 26,887 14,658 Bdaho Metropolitan portion Nonmetropolltan portion See footnotes at end of table. 11.9 9.0 5.1 3.6 4.4 12.3 9.9 8.9 9.7 3.1 -5.7 3.8 17,809 25,602 20,661 22,137 18,214 26,300 21,471 22,410 18 15 3 26 Percent change2 Millions of dollars Area name 1995 15065 151842 13,467 17,743 14,483 17,837 15,873 19,940 15,217 14,241 Per capita personal income3 Personal income Per capita personal income3 1994 1994-95 1995 Custer Elmore 62 351 70 340 78 357 Franklin Freemont (incL Ylwstn. Nati. Pk.) Gem.. Gooding Idaho Jefferson Jerome Kootenai Latah Lemhi 120 149 198 233 209 125 142 207 223 215 131 151 221 239 220 4.7 6.0 6.6 7.3 2.5 248 278 1,489 503 104 240 270 1,656 529 110 257 290 1,777 565 121 7.2 7.4 7.3 6.7 9.9 64 52 255 301 677 48 130 254 134 64 51 259 300 712 45 121 266 123 207 68 55 279 323 744 50 127 287 126 216 6.4 7.0 7.8 7.8 4.6 Lewis Lincoln Madison Minidoka Nez Perce Oneida Owyhee Payette Power Shoshone Teton Twin Falls Valley Washington ||||no|s Metropolitan portion Nonmetropolltan portion Adams Alexander Bond . Boone Brown Bureau Calhoun Carroll Cass . Champaign Christian Clark . Clay .. Clinton Coles Cook. Crawford Cumberland DeKalb DeWitt Douglas . Du Page Edgar Edwards Effingham Fayette ..., Ford .. Franklin Fulton Gallatin Greene Grundy Hamilton Hancock Hardin Henderson Henry Iroquois Jackson Jasper Jefferson Jersey Jo Daviess Johnson Kane. Kankakee Kendall Knox . Lake.. La Salle Lawrence Lee ... Livingston Logan McDonough McHenry McLean .195 11.4 5.2 10.9 5.0 7.7 2.7 4.5 53 53 58 948 134 994 151 1,057 156 6.3 3.2 126 129 135 4.8 268,288 236,680 31,608 281,597 248,436 33,161 298,211 264393 33,818 5.9 1,214 1,284 1,335 131 253 657 83 659 78 292 222 134 271 755 84 693 83 306 237 141 290 825 84 677 84 300 239 3.9 5.6 7.1 9.4 -.2 3,125 3,235 3,390 631 269 236 638 890 674 277 243 664 933 673 273 257 701 949 125,718 130,575 138,613 353 182 349 192 353 189 1,478 1,589 1,658 293 317 320 10.2 6.4 2.0 36 14 6 12 29 17,080 14,925 10,655 14,802 18,963 13,515 14,465 13,953 17,536 14,115 16,497 14,279 10,936 14,561 19,633 12,292 13,137 14,020 15,345 14,901 17,105 14,691 11,758 15,513 20,399 12,965 13,126 14,668 15,557 15,382 13 32 44 24 4 40 38 33 23 25 12,811 16,634 18,203 13,807 11,928 16,982 19,832 13,932 11,982 17,799 19,885 14,101 43 11 5 34 22990 23998 25,293 2^156 25,202 26,683 16,890 17,673 17,972 18,363 32,906 17,090 17,815 19,077 15,130 19,994 15,050 16,328 16,535 18,625 34,840 16,638 18,052 20,054 15,648 19,697 15,605 16,429 15,897 46 2 78 56 27 88 33 90 80 86 13,180 21,760 15,850 16,562 13,986 15,016 17,148 17,966 14,241 16,521 13,535 23,093 16,878 18,230 14,328 16,223 18,181 18339 15,089 18,186 13,058 23,847 17,374 18,015 15,196 15,014 18,295 18,287 15,929 17,467 99 6 67 57 94 95 51 52 85 66 7.3 4.4 1.6 5.9 7.8 6.7 6.7 3.8 8.0 3.7 16,360 15,936 19,989 11,612 22,701 18,003 21,888 17,369 32,433 17,992 17,015 17,093 20,943 11,880 23,725 18,699 22,696 17,984 33,789 18,878 18,128 17,658 21,467 11,976 24,796 19,901 23,462 18,723 35,927 19,519 54 65 21 102 5 30 8 45 1 37 2.6 2.1 19,481 15,949 18,732 16,551 14,702 23,754 20,722 20,506 17,094 20,199 17,079 15,704 24,817 22,417 20,980 17,267 19,788 16,963 15,985 26,204 23229 23 68 32 -1.9 4.3 .9 2.1 7.0 -1.7 204 747 134 357 74 125 878 564 204 837 149 383 78 127 946 574 975 186 -3.1 176 211 802 143 389 74 134 935 576 924 194 626 337 441 136 660 357 462 144 708 373 469 153 7,745 1,808 8,273 1,892 927 982 999 534 545 5,885 3,213 41 39 20 8 30 17,181 31,714 15,958 17,094 18,094 14,840 19,769 14,358 15,955 16,704 5.6 5.6 1.7 6.2 1.0 369 532 539 5,370 3,056 12,775 12,983 15,951 18,524 14,800 13,776 17,069 19,334 17,186 15,006 39 89 61 31 48 3 77 71 26 42 -.1 -1.2 333 131 661 332 278 635 635 107 514 507 4,943 2,797 12,360 12,267 15,316 17,598 14,700 13,013 16,261 18,929 16,287 14,698 19,406 15,629 17,819 19,885 18,470 27,153 16,745 17,009 20,305 18,971 .5 4.8 29,653 335 620 800 12,218 12,786 14,995 18,743 14,566 13,812 17,062 18,088 15,834 14,401 19,506 15,906 16,928 18,990 18,132 25,512 16,605 17,445 19,704 18,773 .9 338 129 623 318 279 610 629 112 326 607 811 9 27 18,262 15,733 16,414 18,312 17,269 24,525 16,981 16,615 18,543 17,485 -2.3 -1.9 361 309 563 748 1995 34 96 70 13 98 44 76 62 58 25 27,701 1,012 18,949 2,058 1995 19,673 13,637 17,023 22,769 13,184 18,847 16,805 17,816 17,958 20,376 314 125 585 311 276 579 614 114 17,793 1,957 1994 18,979 12,999 17,668 21,602 13,326 19,260 16,454 18,175 17,789 19,518 336 8,921 2,020 1,066 1,050 20,473 2,134 1993 16214 17,764 18,380 15,710 14,952 15,168 18,113 12,516 16,512 19,493 13,429 18,310 15,044 17,531 16,736 18,442 26,263 •872 Rank in State Dollars 1.5 6.0 4.5 -.1 4.1 .9 -4.5 4.3 4.2 -1.6 5.8 -5.2 1.2 -3 5.4 -4.0 -1.3 .3 1.0 9.6 5.1 73 84 4 9 SURVEY OF CURRENT BUSINESS 6o • September 1997 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Area name Marion Marshall Mason Massac Menard Mercer Monroe Montgomery Morgan Moultne Ogle Peoria Perry Piatt Piki Pope Pi i acid rUiaSKl Putnam Randolph Richland Rock Island St. Clair Saline Sangamon Schuyler Scott Shelby Stark Stephenson Tazewell Union Vermilion Wabash Warren Washington Wayne White Whiteside Will Williamson Winnebaao Woodford „. Indiana Metropolitan portion Nonmetropolitan portion Percent change2 Millions of dollars 1993 Macon Macoupin Madison 1994 1994-95 1995 2,360 862 2434 921 952 4,941 5,192 5,522 737 226 275 228 218 285 459 494 627 245 754 240 286 237 240 302 499 519 667 256 797 236 278 250 242 298 537 525 674 255 854 3,839 319 322 245 57 •jrtC 1UO 133 498 299 3,029 4,644 Per capita personal income 3 2517 931 4,060 344 347 243 60 1 1U 1m 140 521 311 987 4,224 350 349 232 61 3,157 4,866 3,329 5,157 135 543 321 17,616 17,688 16,478 15,071 18,666 16,402 19,173 16,085 17,216 17,520 18,024 18,867 17,097 15,586 20,101 17,317 20,585 16,816 18,341 18,149 18,950 18,445 16,554 16,364 19,924 16,977 21,643 16,947 18,610 17,924 43 49 79 82 29 72 17 74 47 59 17,721 20,914 14,866 20,093 14,038 12,644 19,058 22,180 16,114 21,682 14,083 12,991 28 11 81 20 97 101 23J14 24,114 14,577 15,136 17,929 18,541 20,009 23,033 16,397 21,578 13,442 12,936 •IE ocy 10.00/ 23,493 15,837 19,165 20,150 17,497 16,367 21,480 14,980 13,283 16,639 17,767 20,591 19,948 21,067 18,338 16,333 21,755 15,655 14,070 17,259 19,481 21,370 20,819 22,292 19,464 17,038 22,585 15,268 13,039 16,859 17,772 21,900 21,443 15 38 69 14 93 100 75 63 16 22 14,978 16,944 17,306 15,935 17,949 17,021 17,831 18,188 20,873 16,535 15,385 17,921 17,815 16,407 18,686 17,241 17,847 19,097 21,850 17,198 16,252 18,344 17,897 15,542 19,383 17,766 18,118 19,568 22,869 18,224 83 50 60 91 40 -1.6 -2.8 5.3 1.2 -1.4 7.5 1.2 1.0 -.4 6.0 4.0 1.7 .5 -4.2 1.5 an O.U -3.5 4.3 3.2 5.5 6.0 3.5 4.1 -.6 451 4,312 114 74 372 114 119 79 387 124 118 74 380 114 1,004 2,507 1,047 2,648 1,072 2,746 2.4 3.7 6.0 .8 .6 276 292 1,586 229 315 282 231 297 294 290 286 1,097 8,062 295 284 1,151 8,711 1,033 303 289 1,178 9,447 1,103 979 -7.1 -1.7 -8.4 -5.8 4.2 3.0 1.7 2.3 8.5 6.8 20,384 21,717 23,065 19,573 20,902 20,932 112,188 84,261 278927 117,988 88,731 29,257 124,730 93,977 30,754 §.7 5.9 5.1 19,659 20,520 21,517 20,610 21,526 22,617 17,258 17,971 18,732 18,109 22,997 22,729 18,683 16,299 26,016 17,660 18,432 18,093 19,088 19,479 24,339 24,047 17,408 16,764 26,963 18,707 19,114 18,991 20,069 41 3.8 5.7 7.6 3.7 5.0 6.0 17,207 22,042 21,793 17,248 15,460 24,555 16,969 17,785 17,664 18,324 5.8 3.7 6.0 6.7 7.5 4.7 7.5 4.2 7.0 6.1 16,582 17,660 13,394 16,057 17,490 18,000 18,477 18,185 20,983 20,485 17,133 18,697 13,368 15,869 18,118 18,806 19,587 19,204 21,749 21,719 17,771 19,279 14,154 16,708 18,996 19,514 20,846 20,044 22,932 22,660 61 43 92 76 48 40 24 29 12 13 581 631 8.6 7,509 1,634 169 236 1,126 284 374 732 1,837 6.2 7.4 Clay Clinton Crawford Daviess Dearborn Decatur DeKalb Delaware Dubois Elkhart 426 566 136 451 738 440 684 2,180 795 3,317 442 604 139 448 785 464 734 2,287 832 3,564 467 626 147 477 844 486 789 2,384 890 3,780 35 12 53 6.7 1.8 7,068 1,522 179 227 1,065 264 361 697 1,733 See footnotes at end of table. 64 55 6,076 722 545 Jefferson Jennings 7 87 41 5,695 710 6,752 1,441 166 216 988 254 344 683 1,651 Harrison Hendricks Henry Howard Huntington Jackson Jasper Q5 Sf, 5,326 660 Adams Allen Bartholomew Benton Blackford Boone Brown Carroll Cass Clark Fayette Floyd Fountain Franklin Fulton Gibson Grant Greene Hamilton Hancock •ic n<n 10,U 1U 467 1,370 280 318 321 555 480 1,435 293 334 333 480 1,545 296 343 345 .1 7.6 1.2 2.8 3.7 564 587 4.1 35 3*0 1 381 *50^ 3,872 1,062 517 4,318 1,123 *535 4,673 1,188 56C 6QC 1,917 2,064 867 916 96S 1,752 1,857 66$ 669 422 704 71C 454 2,002 *745 315 484 423 rn> 1,76! -5.8 B.2 5.8 766 463 89 77 5.5 7.8 5.7 7.9 2.0 334 503 350 528 4.7 5.1 432 467 8.0 10 24 4 63 75 2 51 44 49 28 17,796 20,089 15,576 15,874 16,460 17,304 17922 1572C 30*362 22,027 18,279 20,775 16,280 16,507 16,920 17,618 18732 15*992 32*141 22,688 18,296 22,083 16,411 16,333 17,349 18,345 1938E 16*302 33*163 23,325 56 16 80 82 65 16704 21*557 17.80C 21*112 17645 22,761 18,762 22*325 19,343 18*016 16,608 15,366 16,367 16,934 18692 23*819 19,704 24*,012 20*544 19021 16,619 16,058 17,126 17,875 52 7 35 6 27 47 78 17*,072 15,870 14,466 15,869 16,938 Area name 1995 5.7 435 1,572 1995 18 36 19 4,142 226 306 269 1994 20,106 20851 21640 17,867 18,964 19,529 19,472 20,391 21,620 438 269 1993 3.4 3.4 6.4 3,928 1,486 Rank in State Dollars Per capita personal income3 Personal income 55 42 83 1 9 85 72 59 1993 Johnson Knox Kosciusko sr8 La Porte Lawrence Madison Marion Marshall Martin Miami Monroe Montgomery Morgan Newton Noble Ohio Orange Owen Parke Perry Pike Porter , Posey . Pulaski Putnam Randolph Ripley Rush St. Joseph Scott Shelby Spencer Starke Steuben Sullivan Switzerland Tippecanoe Tipton Union Vanderburgh Vermillion Vigo Wabash Warren Warrick Washington Wayne Wells Percent change2 Millions of dollars 1994 1994-95 1995 7.1 5.9 8.7 Rank in State Dollars 1993 1994 1995 1995 11 5.7 5.1 6.0 4.9 4.8 6.9 21,103 17,460 19,737 14,767 18,994 17,948 16,950 17,725 22,903 17,406 21,994 17,586 20,485 15,921 19,794 18,709 17,796 18,993 23,677 18,508 22,934 18,778 21,893 17,370 20,923 19,673 18,607 19,928 24,826 19,536 180 572 2,147 723 1,227 222 805 93 297 301 6.2 0 5.8 1.4 6.7 -.8 7.7 4.3 4.8 5.5 15,957 15,707 17,196 19,305 18,292 15,138 17,454 15,214 14,573 14,417 16,035 16,691 17,844 19,896 18,889 15,859 18,657 16,273 15,069 14,807 17,117 17,637 18,603 20,011 19,792 15,394 19,710 17,085 15,651 15,306 73 62 54 30 33 88 34 74 87 89 267 288 277 304 3.7 5.5 225 3,100 3,314 523 216 512 439 494 311 533 227 538 467 532 322 564 226 570 488 561 330 4.1 6.9 5.9 -.3 5.8 4.4 5.6 2.5 16,382 15,079 16,661 21,160 19,999 16,709 16,073 16,127 19,036 16,907 16,762 15,130 17,157 22,501 20,302 17,414 16,540 17,186 20,158 17,437 17,188 15,874 17,921 23,627 21,402 17,217 17,295 17,788 21,019 17,971 69 86 216 5,126 5,399 5,741 335 797 322 299 531 321 108 355 835 338 317 575 331 112 374 878 352 326 620 348 117 6.3 5.4 5.1 4.1 2.7 7.8 5.3 4.4 2,560 346 2,727 366 6.5 5.8 21,150 16,027 19,768 16,802 14,247 19,649 16,478 13,770 18,831 21,139 22,350 16,691 20,492 17,291 14,427 20,536 17,145 14,164 19,842 22,208 14 77 26 67 90 25 70 91 2,428 319 20,215 15,257 19,030 16,200 13,404 18,458 16,647 13,337 18,168 19,508 3.4 4.5 16112 22,008 16,652 18,081 18,282 17,347 20,561 15,715 18,505 20,637 16555 23,008 17,134 19,093 19,045 16,132 21,428 16,385 19,593 21,633 79 10 2040 2,177 2332 699 705 746 1,319 452 9,121 1,967 745 2,340 18,650 759 1,393 495 9,513 2,051 791 2,519 19,335 817 1,513 552 10,054 2,157 839 2,643 20,272 874 167 570 1,939 686 1,087 212 689 83 273 271 169 572 2,029 713 1,150 223 747 89 284 285 261 287 209 2,877 112 118 122 3,590 278 1,870 609 135 944 378 1,258 3,689 279 1,933 634 141 998 399 1,337 3,854 288 2,033 662 133 1,056 427 1,417 11.5 50 17 64 23 36 53 31 3 39 58 8 20 68 66 60 22 57 32 15 514 542 573 5.8 15,434 21,422 16,503 17,401 17,554 16,450 19,887 15,156 17,388 19,665 443 533 469 572 484 620 3.1 8.5 18,428 19,390 19,655 18,505 19,684 21,059 52,352 25,628 26,724 57,033 27,296 29,737 59,415 29,041 30,373 4.2 3.4 2.1 18,548 20,136 20,898 20,683 21,876 23,113 "•"'"-•-• 16,878 18,766 19,144 127 68 214 193 110 394 2,258 477 417 328 149 78 226 205 125 434 2,406 528 448 366 136 68 227 207 123 458 2,540 539 468 373 Buena Vista Butler Calhoun Carroll Cass Cedar, Cerro Gordo Cherokee Chickasaw Clarke 336 249 178 398 251 312 848 377 279 222 437 276 344 928 389 288 219 452 274 348 976 231 207 112 268 235 122 254 242 116 Clay Clayton Clinton Crawford Dallas Davis Decatur Delaware Des Moines Dickinson 298 294 896 274 644 127 103 285 807 308 357 316 957 309 707 13< 31* 852 346 363 330 996 308 758 133 107 306 887 363 1,669 1,771 1,865 White Whitley Sows Metropolitan portion Nonmetropolitan portion Adair Adams Allamakee Appanoose AuduDon Benton Black Hawk Boone Bremer Buchanan Dubuque 3.2 5.2 4.6 -5.5 5.8 7.2 5.9 71 45 46 84 19 81 38 18 37 21 15,135 14,703 15,346 13,945 15,651 16,868 18,142 18,896 17,961 15,525 17,949 17,187 16,252 15,050 18,006 18,319 19,419 20,873 19,339 17,192 16,417 14,911 16,126 15,201 17,755 18,977 20,660 21,079 20,131 17,591 86 93 88 92 71 49 24 15 32 74 16,591 15,865 15,488 18,416 16,679 17,780 18,195 16,602 15,520 13,418 18,779 17,703 18,956 20,301 18,272 19,626 19,921 19,315 17,551 14,924 19,453 18,284 18,989 20,941 18,339 19,665 20,905 18,653 17,997 14,186 40 64 48 16 62 35 19 4.1 5.1 16,838 15,593 17,455 16,565 20,336 15,083 12,72( 15,535 18,814 20,004 20,156 16,765 18719 18,690 21,941 15,706 13,88$ 17,038 19,866 22,411 20,641 17,578 19537 18,646 22,999 15625 12854 16,597 20,797 23,271 25 75 36 55 4 90 99 83 22 3 5.3 19,011 20,113 21,160 13 -8.9 -13.8 .3 .8 -2.1 5.5 5.6 2.2 4.5 1.9 3.1 3.5 -1.3 3.6 -.6 1.1 5.2 -5.2 3.0 -5.0 1.8 4.6 4.1 -.2 7.3 .3 -5.8 -2.3 54 67 96 September 1997 • 6l SURVEY OF CURRENT BUSINESS Table 3—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Area name 1993 Emmet Fayette Floyd Franklin Fremont Greene Grundy Guthrie Percent change2 Millions of dollars 1994 1995 1994-95 Rank in State Dollars 1993 1994 1995 209 362 306 207 141 199 252 199 333 211 369 318 208 133 207 266 202 340 1.1 2.1 3.9 .5 -5.6 3.8 5.3 1.5 2.2 15,532 14,369 16,639 14,799 13,783 16,389 18,704 15,942 17,258 18,426 16,468 18,254 18,745 17,290 19,769 20,757 17,718 20,722 18,829 16,780 19,142 18,893 16,569 20,664 21,676 17,811 20,940 51 82 44 50 84 23 8 69 17 178 325 223 342 147 177 129 292 320 664 217 371 251 370 178 212 148 319 337 729 215 386 253 378 180 220 146 316 341 755 -.6 4.1 .8 2.2 1.2 3.6 -1.4 -.8 1.0 3.6 14,611 17,462 15,063 17,440 14,834 16,892 15,527 19,638 15,939 18,964 17,931 19,859 16,874 18,730 18,121 20,330 17,784 21,308 16,718 20,737 17,720 20,601 16,784 19,025 18,425 21,165 17,794 20,821 16,998 21,448 72 26 81 46 60 12 70 21 79 10 271 2,042 288 178 272 660 3,835 183 142 172 308 2,206 312 198 338 712 4,094 204 154 208 313 2,321 316 189 326 743 1.9 5.2 1.4 -4.7 -3.6 4.3 6.6 -.8 -6.7 -4.0 16,209 20,612 14,510 15,267 14,973 16,947 21,928 15,552 15,644 14,381 18,294 21,926 15,575 17,202 18,595 18,262 23,184 17,306 17,026 17,450 18,664 22,894 15,482 16,240 17,973 19,003 24,448 17,051 15,846 16,800 53 5 91 87 68 47 2 78 89 80 Madison Mahaska Marion Marshall Mills Mitchell Monona Monroe Montgomery Muscatine 215 358 556 730 255 192 155 132 214 844 242 392 609 791 283 226 176 143 233 893 249 395 635 833 284 232 164 143 233 936 3.0 .7 4.1 5.3 .5 2.5 -6.7 0 4.8 16,667 16,514 18,249 19,240 19,056 17,403 15,481 16,185 17,755 20,493 18,510 18,012 19,829 20,632 20,801 20,406 17,537 17,533 19,407 21,660 18,456 18,065 20,425 21,469 20,548 20,871 16,474 17,443 19,499 22623 58 66 28 9 27 20 85 76 39 6 O'Brien Osceola Page Palo Alto Plymouth Pocahontas Rjnggold 251 103 288 151 440 137 8,061 1,418 340 72 293 132 318 190 468 175 8,561 1,529 376 85 303 132 324 187 472 168 9,167 1,607 386 73 3.2 -.2 1.9 -1.5 .8 -4.1 7.1 5.1 2.6 -13.6 16,279 14,351 17,324 14,434 18,440 15,007 23,494 16,953 17,994 13,371 19,093 18,474 18,936 18,242 19,393 19,135 24,684 18,304 19,780 15,870 19,822 18,701 19,351 18,443 19,501 18,394 26,127 19,153 20,366 13,784 34 52 41 59 38 61 1 43 29 97 Sac Scott Shelby Sioux Story Tama Taylor Union Van Buren Wapello 190 3,109 211 500 1,360 289 88 197 108 585 217 3,245 238 555 1,469 330 102 213 120 627 212 3,447 239 577 1,555 341 94 213 115 652 -2.2 6.2 .3 3.9 5.9 3.4 -7.5 .4 -4.4 4.0 15,718 19,982 15,980 16,165 18,175 16,408 12,488 15,701 13,833 16,208 17,885 20,796 18,128 17,729 19,746 18,556 14,278 17,057 15,479 17,396 17,636 22,005 18,305 18,460 20,922 19,178 13,152 17,129 14,725 18,247 73 7 63 57 18 42 98 77 94 65 Warren Washington Wayne Webster Winnebago Winneshiek Woodbury Worth Wright 683 362 93 703 209 346 1,911 120 226 746 395 107 783 243 379 2,032 146 270 783 401 99 832 243 389 2,189 150 285 5.0 1.6 -8.2 6.2 -.1 2.5 7.7 2.3 5.8 18,004 17,813 13,305 17,617 17,661 16,447 18,914 15,033 15,969 19,415 19,445 15,560 19,835 20,404 18,033 19,999 18,645 18,938 20,135 19,519 14,394 21,152 20,346 18,554 21,410 19,078 19,838 31 37 95 14 30 56 11 45 33 51,224 31,084 20,140 53,126 32,356 20,769 34480 21,359 5.1 6.6 2.8 20,233 20834 21,781 22,417 23,103 24,427 17,589 18,069 18,539 217 115 266 100 539 235 182 1,036 54 61 229 119 280 100 531 237 199 1,083 52 60 233 120 288 101 561 251 199 1,181 54 61 1.6 .3 2.7 1.2 5.7 5.7 -.1 9.1 2.9 1.8 14,760 14,574 16,167 17,672 18,563 15,701 16,577 18,964 18,426 14,064 15,549 15,223 17,226 17,755 18,426 15,889 18,002 19,349 17,757 13,917 15,890 15,029 17,715 18,117 19,729 16,677 17,983 20,405 18,318 14,022 96 103 70 62 32 88 68 21 58 105 308 69 58 164 175 141 48 612 327 64 52 169 188 153 46 634 338 64 52 172 189 152 41 666 3.1 -.5 -1.8 1.5 .7 -1.0 -10.0 5.0 14,106 21,533 24,507 17,728 16,316 16,272 21,969 16,669 14,871 19,900 21,539 18,322 17,808 17,612 21,330 17,230 15,100 20,114 21,500 18,480 18,183 17,346 19,568 18,025 102 25 12 52 61 76 36 67 .... Hancock Hardin Harrison Henry Howard Humboldt Ida ... Iowa Jackson Jasper Jefferson Johnson Jones Keokuk Kossuth Lee Linn Louisa Lucas Lyon Pottawattamie Poweshiek Kansas Metropolitan portion Allen Anderson Atchison Barber Barton Bourbon Brown Butler Chase Chautauqua Cherokee Chevenne Clark day Cloud Coffey Comanche Cowley See footnotes at end of table. ..... MB 143 200 Percent change2 Millions of dollars Area name 1995 177 315 280 167 112 166 226 179 277 Per capita personal income3 Personal income 1993 Crawford Decatur 592 72 Dickinson Doniphan Douglas , Edwards Elk Ellis Ellsworth Finney Ford Franklin 309 125 1,417 84 53 472 104 639 512 353 1994 1994-95 1995 Rank in State Dollars 1993 1994 1995 1995 628 71 660 66 5.1 16,404 17,337 18,050 -7.6 19,611 19,805 18,628 66 51 333 131 53 497 108 650 542 373 338 129 1,608 73 57 527 112 667 577 397 1.5 15,903 16,942 17,100 -1.5 15,659 16,997 16,824 6.8 16,483 17,266 18,191 -8.5 23,356 22,569 20,689 7.8 15,908 16,096 17,304 6.0 18,136 19,043 20,104 3.9 15,980 16,673 17,448 2.6 18,449 18,591 18,885 6.6 18,314 18,820 19,807 6.4 15,617 16,333 17,193 83 86 60 18 77 26 75 47 29 82 1 fl Geary Gove Graham Grant Gray. Greeley Greenwood Hamilton Harper Harvey 451 81 58 155 114 59 127 63 121 624 454 73 59 154 107 51 125 55 114 658 452 59 55 150 112 38 130 55 114 694 -.6 14,563 14,652 15,232 -18.3 25,710 22,969 19,036 -6.9 17,308 17,619 16,578 -2.5 20,543 20,103 19,299 5.0 21,325 19,777 20,536 -25.8 34,448 29,208 21,107 3.6 15,865 15,654 16,194 -1.2 27,295 24,315 23,570 .4 18,003 17,102 17,288 5.4 20,150 21,191 22,278 101 46 90 43 20 17 94 6 79 10 Haskell , Hodgeman Jackson Jefferson Jewell Johnson Keamy Kingman Kiowa Labette 99 49 201 280 '69 11,606 106 150 69 355 97 46 217 303 75 12,242 109 150 64 363 112 48 231 318 73 13,179 85 153 62 373 15.4 25,162 24,448 28,334 3.5 22,529 20,739 21,264 6.4 17,379 18,563 19,596 5.1 17,005 17,974 18,452 -1.5 17,339 18,948 18,473 7.7 30,278 31,161 32,909 -21.9 26,085 26,238 20,374 2.4 17,888 17,715 18,057 -3.3 18,953 17,809 17,273 2.8 15,255 15,698 16,244 3 15 35 56 53 1 23 65 80 93 Lane . Leavenworth Lincoln Linn ... Logan Lyon .. McPherson Marion Marshall Meade 54 1,086 62 125 59 569 512 187 204 92 50 1,146 63 128 56 596 539 200 221 94 44 1,212 61 135 57 626 563 204 226 81 -12.3 23,200 21,678 19,364 5.8 16,060 16,713 17,509 -3.4 17,981 18,190 17,640 5.0 14,689 14,969 15,396 1.6 18,859 18,052 18,083 5.1 16,325 17,189 18,071 4.3 19,172 19,878 20,569 1.7 14,760 15,711 15,770 2.5 18,007 19,643 20,052 -14.1 21,456 21,812 18,471 39 74 71 100 63 64 19 97 28 54 Miami Mitchell Montgomery Morris Morton Nemaha Neosho Ness . Norton Osage 424 127 612 93 63 181 293 79 98 251 451 135 633 97 61 201 302 80 100 254 483 137 660 94 67 205 315 74 98 269 6.9 17,531 18,186 19,054 2.0 17,851 18,978 19,319 4.2 16,146 16,770 17,548 -2.4 14,855 15,293 14,912 9.8 18,728 17,975 20,381 1.7 17,397 19,280 19,685 4.3 17,235 17,633 18,467 -6.4 20,492 20,545 19,778 -1.9 16,923 17,439 17,053 5.8 15,737 15,574 16,163 45 41 73 104 22 34 55 31 84 95 Osborne Ottawa Pawnee Phillips Pottawatomie Pratt .. Rawlins Reno . Republic Rice.. 88 87 151 117 274 183 62 1,145 123 185 96 98 151 121 288 184 61 1,187 130 168 100 96 150 124 302 183 59 1,260 136 176 3.7 -2.3 -1.1 2.8 4.7 -.3 -2.2 6.1 4.6 4.7 18,856 15,649 19,480 18,413 15,999 19,156 18,790 18,319 19,696 18,383 20,580 17,468 19,870 19,019 16,542 19,137 18,512 19,033 20,775 16,898 21,476 16,621 19,703 19,804 17,194 18,800 18,385 20,073 21,836 17,554 13 89 33 30 81 49 57 27 11 72 Riley . Rooks Rush . Russell Saline Scott . Sedgwick Seward Shawnee Sheridan 1,036 92 62 147 11093 138 9,050 375 3,409 61 1,087 102 61 153 1,171 125 9,193 385 3,554 62 1,128 104 58 155 1,237 107 9,742 422 3.8 1.8 -5.3 1.7 5.7 -13.9 6.0 9.5 5.6 -12.3 15,579 15,534 16,995 19,083 21,425 26,630 21,615 19,444 20,775 21,339 16,134 17,158 17,123 19,892 22,811 24,158 21,899 19,726 21,540 21,944 16,680 17,766 16,247 20,126 23,907 21,201 23,196 21,312 22,752 19,317 87 69 92 24 5 16 7 14 9 42 Sherman Smith . Stafford Stanton Stevens Sumner Thomas Trego Wabaunsee Wallace 136 86 102 60 130 470 156 69 113 36 137 87 98 58 128 494 158 67 119 31 130 90 95 58 121 519 162 67 125 30 -5.2 19,915 19,950 19,174 3.7 17,680 18,031 18,744 -3.3 19,592 18,732 18,282 -.5 26,617 25045 24,835 -4.8 24,718 24,322 22,985 5.2 17,797 18,627 19,524 2.4 18,937 18,969 19,409 1.1 19,604 19,071 19,336 4.8 17,326 18,017 18,814 -4.9 19,800 17,168 16,453 44 50 59 4 8 37 38 40 48 91 Washington Wichita Wilson Woodson Wyandotte 117 111 150 61 2,432 125 87 155 63 2,524 117 88 162 63 2628 -5.8 17,249 18,338 17,290 1.4 40,283 30,783 31,562 4.7 14,678 15,091 15,693 .9 14,915 15,471 15,604 4.1 15,477 16,251 17,051 78 2 98 99 85 37 'g SURVEY OF CURRENT BUSINESS 62 • September 1997 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Area name 1993 Kentucky Metropolitan portion Nonmetropolitan portion Percent change2 Millions of dollars 1994 1994-95 1995 Rank in State Dollars 1993 1994 1995 68608 38,777 29,831 72,752 41,271 31,481 60 6.4 5.5 17181 17933 18863 20,104 20,979 22,184 14,446 15,085 15,768 211 196 268 137 218 214 289 147 228 224 314 160 4.7 4.6 8.6 8.8 Boone Bourbon Boyd 616 125 395 1,384 357 1,012 655 132 418 1,499 383 1,052 6.4 5.4 5.7 8.3 7.6 4.0 13,579 13,871 17,234 18,220 17,531 12,494 12,873 20,442 18,510 19,978 13,982 14,293 18,256 19,440 18,299 13,025 13,746 21,382 19,908 20,844 78 70 28 16 569 120 382 1,272 342 975 13,288 12,912 16,535 17,144 16,287 11,944 12,395 19,444 17,694 19,120 Boyle Bracken Breathitt Breckinridge Bullitt Butler Caldwell Galloway Campbell Carlisle .. 440 104 196 217 790 138 198 535 1,535 85 463 110 202 225 860 146 206 559 1,616 91 490 115 201 234 930 154 216 608 1,718 96 5.7 4.6 -.7 4.3 8.2 5.5 4.8 8.7 6.4 4.7 16,778 12,821 12,798 13,151 14,876 12,059 15,247 16,844 17,890 16,142 17,454 13,471 13,143 13,696 15,683 12,648 15,655 17,399 18,710 17,420 18,345 14,052 12,934 14,131 16,596 13,239 16,309 18,791 19,726 17,913 26 76 95 75 45 92 49 22 15 30 Carroll Carter Casey Christian Clark Clay Clinton Crittenden Cumberland Daviess , 150 313 162 333 169 345 4.3 3.6 171 954 177 997 3.7 4.5 524 247 104 129 78 553 257 106 136 80 593 272 112 139 82 1,562 1,669 1,758 7.3 6.2 5.7 2.0 2.9 5.3 16,941 12,978 11,831 14,374 18,092 11,351 11,421 14,557 11,686 18,496 17,550 13,257 12,244 15,165 19,201 12,015 12,005 14,795 11,854 19,390 34 91 165 919 15,770 12,300 11,292 13,722 17,264 10,915 11,267 13,639 11,473 17,468 18 108 109 64 110 17 115 61 175 122 62 185 130 61 197 5,339 5,566 5,963 172 581 873 132 79 177 170 595 924 136 86 180 178 628 984 142 92 189 6.6 7.1 4.5 5.4 6.5 4.7 7.4 5.1 11,075 9,261 11,385 22,673 13,503 13,191 19,282 17,156 13,582 14,380 11,616 9,487 12,009 23,427 13,260 13,513 20,308 18,254 14,170 14,221 12,042 9,229 12,724 25,042 13,666 14,269 21,369 19,151 14,961 14,520 107 120 97 4 85 71 8 19 62 68 253 550 281 136 566 141 273 582 300 141 591 152 294 624 318 141 611 162 7.9 7.3 6.2 .5 3.5 6.8 4.3 1.5 6.2 4.3 14,519 15,998 12,644 13,071 15,243 17,617 15,540 12,204 15,450 12,600 15,158 16,704 13,278 13,545 15,858 18,594 16,004 12,376 16,098 13,159 15,729 17,788 13,970 13,460 16,460 18,998 16,672 12,560 16,944 13,525 55 33 80 88 47 20 44 100 38 87 17,987 15,780 15,633 16,665 10,379 22,689 15,976 13,046 19,686 11,092 19,267 16,558 16,884 17,596 10,862 23,658 16,767 13,615 20,643 11,328 19,984 16,826 17,474 18,218 11,398 25,055 17,792 14,351 22,051 12,073 13 40 35 29 113 3 32 69 6 106 Adair Allen Anderson Ballard Barren Bath Bel! Edmonson Elliott Estill Fayette Fleming Floyd Franklin Fulton Gallatin Garrard Grant Graves Grayson Green Greenup Hancock Hardin Harlan Harrison Hart Henderson Henry Hickman Hopkins Jackson Jefferson Jessamine Johnson Kenton Knott Knox Larue Laurel Lawrence Lee Leslie Letcher Lewis Lincoln Livingston Logan Lyon McCracken McCreary McLean Madison Magoffm Marion Marshall Martin Mason Meade Menifee Mercer Metcalfe See footnotes at end of table. 1,388 1,448 1,510 6.3 -2.8 27 94 84 14 11 104 60 442 258 198 446 270 210 453 287 219 795 217 86 770 128 852 230 91 813 136 886 240 93 848 145 15,224 15,896 16,856 528 312 565 326 612 346 2,845 2,991 3,209 202 208 222 4.0 4.4 2.4 4.3 6.2 6.0 8.3 6.3 7.3 6.6 347 197 644 168 82 166 322 140 271 157 363 206 680 178 88 174 332 145 285 162 387 214 730 188 93 181 347 154 300 175 6.6 3.9 7.3 5.7 5.1 4.1 4.4 6.1 5.1 8.0 11,408 16,062 13,852 11,406 10,494 12,085 11,950 10,680 12,976 17,157 11,677 16,619 14,391 11,750 11,336 12,655 12,344 10,948 13,486 17,516 12,361 16,996 15,147 12,285 11,706 13,329 12,924 11,477 13,966 18,647 101 37 61 103 111 90 96 112 81 23 15,818 12,563 20,735 10,464 15,149 15,784 10,586 14,618 18,149 13,140 16,567 13,114 22,319 10,841 15,330 16,675 11,283 15,341 18,912 13,975 46 117 59 43 116 57 21 79 16,499 14,037 10,785 17,632 13,070 17,121 14,241 11,349 17,912 13,752 36 72 115 31 83 378 402 425 5.6 90 1,280 95 1,343 101 1,444 6.4 7.6 160 136 928 136 233 485 168 170 146 979 144 244 522 170 180 149 154 258 553 179 5.8 1.5 7.3 6.9 5.7 6.0 5.4 14,974 12,096 19,927 9,901 14,192 15,219 10,085 13,934 17,065 13,085 268 347 53 327 113 283 366 57 348 120 293 385 61 360 128 3.3 5.4 7.7 3.4 6.5 15,532 13,669 10,073 16,672 12,273 1,051 1993 93 5 Monroe . . Montgomery Morgan Muhlenberg Nelson 1994 166 175 308 126 441 575 89 268 910 129 50 177 421 1,060 134 750 Robertson Rockcastle Rowan Russell Scott Shelby Simpson Spencer Taylor Todd Trigg Trimble Union Warren Washington Wayne Webster Whitley , Wolfe Woodford Louisiana Metropolitan portion Nonmetropolitan portion Acadia Allen Ascension Assumption Avoyelles ... Beauregard Bienville Bossier Caddo Calcasieu Caldweil Cameron Catahoula Claiborne Concordia DeSoto East Baton Rouge East Carroll East Feliciana Evangeline Franklin Grant Iberia Iberville Jackson Jefferson Jefferson Davis Lafayette , Lafourche La Salle Lincoln Livingston Madison Morehouse , Natchitoches , Orleans Ouachita Plaquemines Pointe Coupee Rapides Red River Richland Sabine St. Bernard St. Charles St. Helena St. James St. John the Baptist St. Landry 1994-95 1995 288 122 419 533 Nicholas Ohio Oldham Owen Owsley, Pendleton Perry Pike Powell Pulaski Percent change2 Millions of dollars Area name 1995 65185 36,874 28,312 Per capita personal income3 Personal income Rank in State Dollars 1993 1994 1995 1995 15088 15,210 9,479 14,173 17,661 16,199 16,352 9,996 14,748 18,506 52 48 119 66 25 73 86 187 333 134 468 620 6.6 8.0 6.0 6.0 8.0 14,257 14,387 9,291 13,453 16,694 95 283 99 294 4.5 3.6 995 137 53 187 440 1,128 140 806 1,080 142 57 200 461 1,197 151 852 8.5 3.5 7.5 6.8 4.8 6.1 7.3 5.7 12,935 12,559 23,848 13,601 9,500 13,720 13,619 14,478 11,105 14,367 13,729 13,192 24,945 14,272 9,837 14,180 14,109 15,377 11,545 15,096 14,229 13,621 26,279 14,766 10,637 14,895 14,731 16,260 12,336 15,662 29 176 244 207 512 519 244 30 184 256 217 546 557 259 30 196 272 224 586 590 269 .5 6.8 6.5 3.2 7.3 6.0 3.9 118 353 177 125 366 187 6.1 3.5 5.5 13,501 12,011 11,948 13,704 20,411 20,588 16,322 15,459 15,784 15,738 13,449 12,712 12,653 13,997 21,090 21,306 16,765 15,335 16,170 16,781 89 98 99 77 10 9 42 114 337 165 13,313 11,565 11,512 13,306 19,780 19,724 15,606 15,760 15,279 14,777 166 91 288 177 96 306 186 99 307 1,471 1,579 1,692 156 205 218 445 76 487 159 214 231 462 78 514 169 224 228 490 82 555 5.4 2.7 .3 7.1 6.1 4.7 6.0 5.4 8.0 15,197 13,726 17,622 17,996 14,997 11,396 15,932 12,784 10,935 23,323 15,771 14,163 18,560 19,046 15,063 11,792 16,988 13,219 11,008 24,192 16,208 14,219 18,636 20,070 15,835 12,167 16,846 13,914 11,391 25,667 51 74 24 12 54 105 39 82 114 2 • 73,717 58,898 14,819 78,049 62,259 15,790 82,411 65,891 16,520 5.6 5.8 4.6 17,183 18089 18,997 18,283 19,209 20,209 13,867 14,709 15,330 4.5 13,728 11,109 17,885 13,389 12,388 14,915 13,727 17,191 19,530 17,188 14,571 11,655 18,713 14,050 13,509 15,278 14,502 17,857 20,505 18,258 15,118 13,246 19,537 14,972 14,056 15,972 14,418 18,886 21,420 19,262 41 61 8 45 55 30 49 12 5 10 14,249 14,017 12,657 13,740 12,991 14,840 19,912 11,650 14,521 12,938 14,939 14,401 14,280 13,969 14,473 15,647 21,169 12,969 15,530 13,472 15,410 15,431 14,308 14,617 15,022 17,829 22,361 12,848 16,192 13,969 39 38 51 47 44 15 1 63 26 57 12,993 12,537 15,073 15,775 14,716 19,853 12,941 18,695 14,644 13,828 14,489 13,548 16,128 16,292 15,188 20,769 13,426 19,858 15,806 14,445 14,076 13,976 16,845 17,236 16,136 21,973 14,076 20,891 16,644 15,072 52 56 23 19 28 3 52 6 24 43 16,697 16,422 14,274 15,012 14,175 20,773 17,304 17,555 15,109 18,492 17,736 17,091 13,773 15,475 14,687 21,874 18,444 18,072 15,849 19,352 16 21 58 36 46 15,099 15,304 15,000 16,781 19,104 13,203 1613J 16,317 15,215 15,092 15,371 15,470 17,721 20,100 13,465 17,176 17,299 15,737 42 40 37 17 7 59 20 18 33 -1.3 778 258 827 272 864 314 1,111 1,199 1,289 303 492 466 220 318 538 481 234 341 565 505 241 1,507 4,827 2,957 1,591 5,050 3,176 1,709 5,278 3,394 143 126 142 237 271 371 152 128 160 242 301 392 157 136 159 253 316 417 7,870 8,391 8,869 109 293 438 123 317 458 122 332 475 -1.3 -3.5 292 222 324 241 312 255 1,059 1,141 1,200 491 229 507 239 532 249 9,051 9,481 10,034 401 421 446 3,254 1,269 3,510 1,377 3,753 1,458 209 15.2 7.5 7.3 5.0 5.1 3.1 7.4 4.5 6.9 3.6 6.3 -.3 4.4 4.8 6.4 5.7 4.7 3.8 5.8 5.2 4.9 3.9 5.8 6.0 6.9 5.8 4.4 191 200 691 719 755 1,172 1,279 1,373 153 461 500 178 480 531 179 496 562 5.1 7.3 .4 3.3 5.8 9,891 2,390 10,087 2,528 10,549 2,708 4.6 7.1 416 327 446 348 464 368 2,177 2,332 2,456 3.9 5.5 5.3 16,030 15,419 12,307 14,375 13,539 20,259 16,395 16,381 14,346 17,399 134 284 330 140 315 351 147 320 364 1,059 1,123 1,187 817 122 328 873 131 338 682 933 133 35J 726 1,246 1,301 4.9 1.5 3.8 5.7 6.8 1.7 6.2 6.5 4.4 14,315 13,861 14,242 15,855 18,191 12,238 15.6& 15,448 14,097 .641 1,152 1 65 118 63 67 50 102 56 58 53 41 4 13 14 31 9 September 1997 • SURVEY OF CURRENT BUSINESS 63 Table 3.—Persona! Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Area name Millions of dollars 1993 St. Martin 1994 1994-35 1995 Rank in State Dollars 1993 1994 1995 1993 579 609 5.1 11,888 12,650 13,286 60 802 3,237 1,283 95 1,490 325 690 753 604 630 867 3,538 1,385 106 1,586 355 740 760 658 655 923 3,836 1,456 99 1,669 366 794 781 684 685 6.5 8.4 5.1 5.2 3.2 7.4 2.8 3.9 4.5 13,996 20,081 14,335 13,924 14,950 15,311 13,627 13,380 14,081 15,101 15,208 21,133 15,174 15,415 15,807 16,587 14,555 13,413 15,316 15,510 16,090 22,138 15,625 14,364 16,533 17,002 15,628 14,072 15,843 16,165 29 2 35 50 25 22 34 54 32 27 340 147 140 223 363 150 153 234 387 155 154 248 6.6 3.8 .4 5.9 16,999 12,097 10,740 13,191 18,099 12,563 12,064 13,830 19,056 12,966 12,035 14,608 11 62 64 48 22,977 10,016 12,961 23,712 10,415 13,297 24,982 11,000 13,981 5.4 5.6 5.1 18,552 19,153 20,170 20,224 20,956 22,122 17,438 17,944 18,860 Androscoggin , Aroostook Cumberland Franklin Hancock Kennebec Knox Lincoln Oxford Penobscot 1,849 1,251 5,649 472 958 2,195 725 642 820 2,518 1,918 1,238 5,896 479 1,001 2,247 753 657 846 2,601 2,019 1,246 6,253 500 1,065 2,343 815 703 892 2,728 5.3 .6 6.1 4.4 6.4 4.3 8.1 7.0 5.5 4.9 17,808 14,558 23,032 16,057 19,717 18,750 19,568 20,804 15,522 17,228 18,558 15,228 23,839 16,207 20,451 19,169 20,269 21,188 15,959 17,777 19,626 15,894 25,127 16,981 21,571 20,036 21,859 22,385 16,727 18,747 8 13 1 10 Piscataquis Sagadahoc Somerset . Waldo Washinoton York..... 264 646 758 510 535 3,183 272 667 778 528 541 3,290 284 704 814 562 576 3,477 4.4 5.5 4.6 6.6 6.4 5.7 14,101 19,115 14,887 14,691 14,835 19,034 14,669 19,618 15,176 15,099 15,015 19,580 15,328 20,605 15,825 15,863 15,895 20,533 16 5 15 14 12 6 120,351 113,652 6,699 126,563 119,477 7,087 132,775 125,340 7,434 4.9 4.9 4.9 24,299 25,315 26,350 24,727 25,757 26,812 18,784 19,631 20,420 1,219 10,803 17,994 1,298 424 3,053 1,439 2,264 518 3,592 1,275 11,441 18,920 1,411 455 3,188 1,532 2,416 540 3,896 1,337 12,049 19,789 1,508 474 3,379 1,615 2,549 563 4,157 4.8 5.3 4.6 6.9 4.2 6.0 5.4 5.5 4.3 6.7 16,420 24,108 25,429 21,743 14,993 22,989 18,967 21,074 17,078 21,526 17,262 25,090 26,613 22,680 15,849 23,376 19,888 22,102 17,862 22,585 18,134 26,080 27,696 23,376 16,346 24,088 20,618 22,834 18,812 23,577 21 5 4 10 22 7 16 13 19 9 Garrett Harford Howard Kent Montgomery Prince Georges Queen Annes St. Marys Somerset Talbot 432 4,109 5,981 392 28,019 16,752 794 1,465 321 908 451 4,399 6,357 418 29,265 17,587 851 1,533 336 965 475 4,646 6,764 430 30,842 18,395 898 1,600 353 1,008 5.2 5.6 6.4 2.9 5.4 4.6 5.5 4.3 5.1 4.5 14,774 20,859 28,832 21,185 35,438 22,301 22,270 18,526 13,523 28,721 15,335 21,787 29,725 22,364 36,624 23,140 23,609 19,121 13,832 30,112 16,101 22,610 30,823 22,848 38,160 23,983 24,343 19,755 14,554 31,100 23 14 3 12 1 8 6 18 24 2 Washington Wicomico Worcester Baltimore City 2,156 1,414 827 14,178 2,296 1,504 885 14,643 2,382 1,604 929 15,032 3.8 6.6 5.0 2.7 17,134 18,188 21,646 19,808 18,162 19,178 22,665 20,827 18,740 20,268 23,161 21,803 20 17 11 15 152,472 150,576 1,896 159,031 157,027 2,004 170,039 167,910 2,128 6.9 6.9 6.2 25,338 26,321 28,008 25,401 26382 28,078 21,220 22,256 23,429 Barnstable Berkshire Bristol . Dukes . Essex .. Franklin Hampden Hampshire Middlesex , Nantucket 4,870 3,048 10,081 308 16,841 1,359 9,222 2,902 41,757 229 5,106 3,145 10,607 328 17,590 1,431 9,533 3,033 43,385 245 5,492 3,326 11,319 354 18,894 1,509 10,044 3,221 46,458 265 7.6 5.8 6.7 8.1 7.4 5.5 5.4 6.2 7.1 7.8 25,286 22,395 19,775 25,459 24,999 19,180 20,489 19,805 29,876 35,744 26,090 23,151 20,720 26,287 25,965 20,214 21,284 20,461 30,963 36,125 27,568 24,611 22,058 27,643 27,695 21,260 22,591 21,599 33,047 37,636 7 9 12 6 5 14 11 13 3 1 Norfolk Plymouth Suffolk Worcester 18,913 9,944 17,724 15,274 19,700 10,411 18,535 15,983 21,126 11,147 19,891 16,994 7.2 7.1 7.3 6.3 30,202 22,371 27,715 21,470 31,260 23,189 29,006 22,333 33,322 24,620 30,716 23,712 2 8 4 10 198,925 172,340 26,585 214,537 186,191 28,347 228,524 198,402 30,122 6.5 6.6 6.3 21,043 22,615 23,959 22,073 23,779 25,213 16,154 17,115 18,050 154 128 1,755 163 136 1,915 175 143 2,053 7.3 5.0 7.2 15,091 15,710 16,588 13,019 13,825 14,438 18,535 19,955 21,055 West Baton Rouge West Carroll West Feliciana Winn . Maine Metropolitan portion Nonmetropolltan portion Maryland Nonmetropolltan portion ! !.. Allegany Anne Arundel Baltimore Calvert Caroline""..!!!!.!.!!..!.!!!!!.!.!!!.!!"..!!!!!!!! Carroll Cecil Charles Dorchester Frederick Massachusetts Metropolitan portion Nonmetropolltan portion Michigan Metropolitan portion Nonmetropolltan portion Alcona Alger AHegan See footnotes at end of table. , -6.6 7 2 11 9 Alpena Antrim Arenac Baraga Barry, 1995 1994-95 Rank in State Dollars 1993 1994 1995 1995 Benzie 525 313 233 109 926 2,152 218 560 336 245 116 1,004 2,299 232 596 361 264 125 1,076 2,436 250 6.5 7.4 7.4 8.2 7.3 6.0 7.7 16,976 16,181 14,788 13,906 17,916 19,170 16,866 18,291 17,107 15,449 13,684 19,261 20,575 17,467 19,444 17,863 16,333 14,772 20,475 21,889 18,218 34 49 63 75 28 16 46 Berrien Branch Calhoun Cass Charlevoix Cheboygan Chippewa Clare .... Clinton . Crawford 3,073 638 2,616 823 411 341 482 368 1,094 174 3,257 684 2,774 877 453 372 512 389 1,197 182 3,442 729 2,939 931 493 398 542 412 1,273 191 5.7 6.5 6.0 6.2 8.9 6.8 5.8 6.0 6.4 5.3 19,018 15,214 18,800 16,794 18,243 15,440 13,335 13,638 18,158 13,163 20,193 16,279 19,873 17,874 19,842 16,627 14,017 14,093 19,663 13,610 21,284 17,072 20,995 18,766 21,277 17,538 14,713 14,703 20,658 14,098 21 56 25 39 22 52 76 77 27 80 Delta .... Dickinson Eaton ... Emmet . Qenesee Gladwin Gogebic Grand Traverse Gratiot .. Hillsdale 642 496 1,841 564 8,418 329 281 1,386 636 715 682 520 2,004 609 9,407 357 295 1,505 661 755 721 555 2,113 652 9,908 381 313 1,620 704 818 5.7 6.6 5.5 7.2 5.3 6.7 5.9 7.7 6.6 8.3 16,646 18,309 19,219 21,294 19,469 13,979 15,519 20,225 15,994 16,118 17,650 19,211 20,595 22,586 21,757 14,991 16,454 21,657 16,621 16,798 18,589 20,422 21,443 23,844 22,815 15,803 17,536 22,899 17,631 18,049 41 29 18 9 14 70 53 13 51 47 Houghton Huron ... Ingham Ionia losco .... Iron ...... Isabella Jackson Kalamazoo Kalkaska 525 675 5,597 862 404 190 875 2,715 4,944 217 551 699 5,967 925 419 199 928 2,887 5,210 230 574 757 6,300 981 448 211 983 3,055 5,547 243 4.1 8.3 5.6 6.1 7.0 5.9 6.0 5.8 6.5 5.6 14,604 19,263 19,967 14,660 16,397 14,367 15,484 17,779 21,807 15,212 15,319 19,849 20,822 15,656 17,728 15,115 16,388 18,936 22,967 15,817 15,891 21,475 22,040 16,443 18,453 16,000 17,301 19,913 24,331 16,286 68 17 15 62 43 67 54 31 7 64 Kent Keweenaw Lake ..... Lapeer . Leelanau Lenawee Livingston Luce ..... Mackinac Macomb 11;357 26 122 1,463 363 1,733 2,933 95 188 16,715 12,131 29 129 1,632 392 1,902 3,319 101 202 18,162 ,3.095 135 1,760 423 2,065 3,603 107 219 19,202 8.0 6.1 5.3 7.9 8.1 8.6 8.6 6.1 8.2 5.7 22,004 14,200 13,041 18,291 20,332 18,243 23,382 17,006 17,343 22,986 23,077 15,302 13,354 20,080 21,841 19,932 25,712 18,030 18,490 25,008 24,651 15,592 14,091 21,074 23.235 21,422 27,030 19,101 19,790 26,311 6 72 81 23 10 19 3 36 32 5 343 1,191 443 528 424 1,905 178 2,669 803 122 365 1,213 467 556 444 1,997 189 2,966 862 132 386 1,210 503 592 471 2,141 200 3,206 919 140 5.7 -.2 7.6 6.4 6.1 7.2 5.5 8.1 6.5 5.8 15,176 16,604 16,582 14,058 17,236 24,261 13,685 19,628 14,322 12,822 16,126 17,306 17,235 14,886 18,097 25,233 14,224 21,640 15,135 13,839 16,878 18,699 18,367 15,794 19,170 26,885 14,813 23,073 15,847 14,405 59 40 45 71 35 4 74 11 69 79 2,686 618 35,036 351 257 131 315 104 341 4,261 2,852 686 38,262 376 269 136 332 112 366 4,693 3,041 695 41,276 403 285 146 350 119 397 5,043 6.6 1.4 7.9 7.3 5.8 7.5 5.4 6.2 8.3 7.5 16,502 14,772 31,075 15,160 12,914 14,983 14,923 12,509 17,306 21,182 17,489 16,107 33,629 15,926 13,257 15,737 15,513 13,254 18,209 22,867 18,581 16,006 35,869 16,791 13,803 16,971 16,104 13,728 19,079 23,999 42 66 1 60 82 67 65 83 37 Presque Isle Roscornmon Saginaw St. Clair St. Joseph Sanifac . Schoolcraft Shiawassee Tuscola Van Buren 204 334 3,916 2,863 1,053 688 132 1,222 933 1,176 214 360 4,183 3,109 1,137 736 138 1,339 987 1,245 221 383 4,419 3,301 1,220 798 148 1,405 1,058 1,335 3.4 6.3 5.7 6.2 7.3 8.3 7.0 5.0 7.2 7.2 14,574 15,689 18,457 18,923 17,618 16,674 15,372 17,124 16,482 16,056 15,136 16,574 19,732 20,386 18,957 17,706 15,999 18,683 17,384 16,869 15,420 17,082 20,871 21,413 20,167 18,989 16,940 19,524 18,447 17,952 73 55 26 20 30 38 58 33 44 48 Washtenaw Wayne Wexford 7;585 41,836 437 8,251 44,572 480 8,840 47,010 510 7.1 5.5 6.4 26,346 28,587 30,311 20,138 21,654 22,957 15,830 17,046 17,849 2 12 50 97,952 75,237 22,716 104,762 79,690 25,072 110,462 84,460 26,001 5.4 6.0 3.7 21,644 22,912 23,937 23,972 25,086 26,293 16,376 17,964 18,542 191 5,204 426 202 5,594 456 214 5,970 483 5.8 6.7 6.0 14,802 15,288 15,886 19,734 20,643 21,587 14,930 15,819 16,625 gay. Manistee Marquette Mason .. Mecosta Menominee Midland Missaukee Monroe Montcalm Montmorency Muskegon Newaygo Oakland Oceana Ogemaw Ontonagon Osceola Oscoda Otsego . Ottawa. Minnesota Metropolitan portion Nonmetropolltan portion 61 78 24 1994 Per capita personal income3 Percent change2 Millions of dollars Area name 1995 535 St. Mary St. Tammany Tangipahoa Tensas Terrebonne Union Vermilion Vernon Washington . . Webster Personal income Per capita personal income3 Percent change2 Aitkin Anoka Becker 79 12 70 SURVEY OF CURRENT BUSINESS 64 • September 1997 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Area name 1993 Beltrami Benton Big Stone . Blue Earth Brown Carlton Carver Percent change2 Millions of dollars 535 1994 1994-95 1995 515 571 545 609 582 6.7 6.9 82 970 484 487 1,281 91 1,066 537 511 1,410 97 1,118 550 536 1,536 6.3 4.9 2.4 4.9 358 214 600 789 110 83 183 823 385 258 655 842 115 89 238 879 408 258 716 888 121 96 226 933 5.9 0 9.4 5.4 5.6 7.5 7,206 275 7,739 313 8,278 323 7.0 3.0 494 260 321 530 825 101 30,580 335 543 313 356 577 885 113 32,151 354 571 313 358 584 916 121 33,930 367 5.2 0 .6 1.3 3.5 7.0 5.5 3.7 222 468 245 507 259 536 5.8 5.7 Itasca Jackson Kanabec Kandiyohi Kittson Koochiching Lac Qui Parle Lake Lake of the Woods Le Sueur 652 157 199 692 83 243 120 171 72 415 683 204 209 772 95 248 152 178 74 455 729 201 219 801 100 259 140 188 80 482 Lincoln Lyon McLeod Mahnomen Marshall Martin Meeker Mille Lacs Morrison Mower 91 449 626 64 137 381 115 497 688 65 156 450 105 505 729 70 175 454 332 303 422 720 363 328 453 795 370 336 466 816 Murray Nicollet Nobles Norman Olmsted Otter Tail Pennington Pine Pipestone Polk 128 515 333 125 2,608 859 181 567 397 116 2,667 921 163 594 395 137 2,784 966 -9.8 222 317 153 514 233 336 182 540 257 357 176 575 10.0 162 11,960 59 266 272 886 158 256 3,642 1,393 174 12,501 57 334 340 946 194 278 3,814 1,523 181 13,134 64 334 336 998 185 305 4,018 1,649 Oass Chippewa Chisago Clay Clearwater Cook Cottonwood Crow Wing Dakota Dodge Douglas , Faribault Fillmore Freeborn Goodhue Grant Hennepin Houston Hubbard isanti Pope Ramsey Red Lake Redwood Renville . . . Rice Rock Roseau St Louis Scott Sherburne Sibley Stearns Steele Stevens Swift Todd Traverse Wabasha Wadena Waseca Washington Watonwan ., Wilkin Winona Wright See footnotes at end of table. 8.9 -4.9 6.2 6.8 -1.3 5.0 3.8 6.1 4.5 -7.7 5.9 7.4 5.9 -9.0 1.7 5.9 8.1 12.1 1.0 1.8 2.5 2.9 2.6 4.8 -.5 17.4 4.4 4.9 6.1 -3.5 6.6 4.1 5.1 12.5 -.1 -1.2 5.5 -4.8 9.8 5.3 8.3 813 216 899 254 976 257 2,094 2,232 2,320 597 661 689 162 153 322 73 362 182 184 189 339 80 395 195 190 192 343 89 403 205 286 3,871 180 120 328 4,211 206 130 341 4,565 207 143 4.2 8.4 .7 9.8 4.8 8.6 876 918 962 1,363 1,505 1,635 Personal income Per capita personal income 3 8.7 1.3 3.9 4.3 3.4 1.3 1.1 10.9 2.2 5.1 Rank in State Dollars 1993 1994 1995 1993 1995 14,690 15,995 13,628 18,163 17,769 16,244 23,631 15,252 16,787 15,101 19,804 19,764 16,872 24,909 16,086 17,689 16,382 20,631 20,266 17,707 25,967 76 57 15,250 16,288 17,687 15,360 13,255 19,532 14,669 17,221 23,668 16,685 16,071 19,617 18,457 16,300 13,799 20,301 19,030 18,025 25,030 18,885 16,486 19,656 19,355 17,114 14,592 21,090 18,253 18,802 26,093 19,292 73 25 32 64 85 13 49 42 16,635 15,693 15,525 16,229 19,737 16,482 29,233 17,601 14,213 17,010 18,145 18,931 17,177 17,767 21,080 18,273 30,577 18,560 15,419 18,223 18,902 18,982 17,257 18,277 21,700 19,470 32,130 19,169 16,074 18,931 41 38 62 48 11 30 1 34 15,437 13,382 15,074 17,252 15,011 15,032 13,902 16,261 16,651 17,407 15,953 17,329 15,532 19,032 17,240 15,394 17,806 16,869 17,060 18,849 16,942 17,168 15,999 19,612 18,384 16,194 16,700 17,752 17,856 19,747 67 63 78 26 46 75 69 54 53 23 13,296 18,090 19,065 12,505 12,847 16,755 15,881 15,585 14,071 19,187 16,825 19,848 20,822 12,671 14,722 19,962 17,141 16,683 15,043 21,238 15,527 20,205 21,969 13,611 16,569 20,144 17,379 16,825 15,388 21,889 82 19 8 87 71 20 13,279 17,483 16,419 16,092 23,141 16,509 16,608 14,168 14,683 15,711 18,842 19,333 19,521 15,106 23,574 17,542 17,439 14,914 17,593 16,516 17,097 20,045 19,556 17,722 24,720 18,227 19,166 15,680 17,074 17,682 65 21 29 55 6 50 14,866 24,635 13,330 15,444 15593 17,350 16,073 16,450 18,344 21,441 15,878 25,785 12,763 19,504 19694 18,305 19,614 17,824 19,257 22,471 16,508 27,087 14,701 19,730 19568 19,130 18,706 19,043 20,428 23,497 72 2 84 24 28 36 43 37 17 7 74 16 18 56 4 3 33 77 40 61 68 83 10 35 80 66 58 16,860 14,944 17,043 19,092 15,600 14,423 13,657 16,830 17,886 14,137 17,789 17,476 17,948 21,080 17,658 17,584 14,275 18,580 19,323 14,827 18,449 17,520 18,432 21,939 18,364 17,640 14,333 20,734 19,611 15,583 44 60 45 9 16,009 23,304 15,385 16,095 18,157 18,318 18,359 24,189 17,779 17,543 18,998 19,698 18,955 25,388 17,874 19,431 19,855 20,823 39 5 52 31 47 59 86 15 27 81 22 14 Yellow Medicine Mississippi Nonmetropolltan portion Adams Alcorn Amite Attala Benton Bolivar Calhoun Carroll Chickasaw Choctaw Claiborne Clarke Clay Coahoma Copiah Covmgton De Soto Forrest Franklin George Greene Grenada Hancock Harrison Hinds Holmes Humphreys Issaquena Itawamba . Jackson Jasper .... Jefferson Jefferson Davis Jones Kemper Lafayette Lamar Lauderdale Lawrence Leake Lee Leflore Lincoln Lowndes Madison Marion Marshall Monroe Montgomery Neshoba Newton Noxubee Oktibbeha Panola Pearl River Perry Pike . Pontotoc Prentiss Quitman Rankin Scott Sharkey Simpson Smith Stone Sunflower Tallahatchie Tate Tippah Tishomingo Tunica Union Walthall Warren Washington Wayne .. Webster Wilkinson Winston Yalobusha Yazoo Percent change2 Millions of dollars Area name 1994 Per capita personal income3 1994-95 1995 Rank in State Dollars 1993 1994 1995 1995 174 216 211 39,210 15,694 23,516 42,464 17,033 25,431 45,068 18^203 26,865 6.1 6.9 5.6 14,858 15,915 16,716 17,142 18,241 19,202 13,645 14,663 15,367 526 494 142 238 90 531 199 112 255 101 553 523 147 257 98 579 217 125 275 107 577 546 155 272 102 601 220 130 281 115 4.3 4.5 5.7 5.8 3.9 3.9 1.8 4.5 2.1 7.9 15,140 15,109 10,632 12,889 11,396 12,777 13,349 11,773 14,038 11,162 15,898 15,976 11,082 14,011 12,270 13,927 14,455 12,755 15,140 11,927 16,697 16,643 11,421 14,768 12,769 14,470 14,742 13,156 15,362 12,644 16 18 80 39 65 48 41 64 32 66 121 221 296 444 332 212 1,385 1,050 91 220 131 233 311 486 353 233 1,565 1,124 95 239 137 248 328 499 382 250 1,745 1,205 100 249 5.0 6.5 5.4 2.6 8.2 7.5 10,801 12,712 13,768 14,028 11,835 12,676 18,064 14,987 11,024 12,697 11,438 13,255 14,466 15,452 12,549 13,731 19,494 15,851 11,398 13,433 11,843 13,938 15,112 15,836 13,484 14,533 20,821 16,650 12,162 13,654 76 56 35 26 61 46 3 17 71 60 112 316 504 122 346 551 133 354 581 9.8 2.3 5.5 3,093 4,935 249 164 26 307 2,208 3,224 5,227 259 164 18 334 2,298 4.2 5.9 4.0 .4 -31.8 8.8 4.1 10,946 15,680 15,071 17,711 19,572 11,872 14,051 15,046 14,878 17,481 11,479 15,931 15,497 18,328 20,865 12,152 14,418 10,668 16,055 17,899 78 25 30 2,799 4,684 •224 152 21 283 2,071 10,146 14,309 14,442 16,400 18,543 10,694 12,804 11,997 13,982 16,724 207 79 153 226 80 164 1,018 242 89 174 1,095 134 485 511 140 520 555 1,293 1,369 1,460 154 241 165 261 176 278 12,024 9,374 11,021 15,010 12,275 13,925 14,828 16,893 12,313 12,900 13,078 9,409 11,723 16,157 13,021 14,816 15,603 17,880 13,025 13,814 13,895 10,479 12,425 17,367 13,405 15,698 16,472 18,931 13,806 14,460 11 62 28 19 7 58 49 1,221 539 418 939 1,031 309 408 494 160 348 1,333 577 447 997 1,180 325 444 540 172 394 1,418 610 478 1,051 1,313 347 473 555 182 431 17,476 14,374 13,517 15,655 16,857 12,087 12,990 13,336 12,937 13,472 18,830 15,433 14,316 16,419 18,501 12,634 14,052 14,483 13,901 15,067 19,572 16,406 15,242 17,269 19,781 13,274 14,762 14,715 14,616 16,133 6 20 34 12 5 63 40 42 44 22 287 138 502 392 514 307 152 531 427 559 328 156 568 450 594 6.7 3.1 6.9 5.4 6.2 130 525 351 321 123 139 568 369 333 123 7.2 8.1 5.4 4.0 -.1 14,554 12,058 13,799 13,422 13,322 11,287 13,923 14,769 13,523 12,191 15,452 12,539 14,569 13,955 13,705 11,987 14,947 15,298 14,022 12,290 31 67 45 55 59 118 494 327 301 114 13,707 10,969 13,211 12,492 12,642 10,473 13,140 14,052 12,716 11,299 1,695 357 79 355 202 1,866 388 90 391 225 2,055 422 83 425 240 328 271 166 406 178 364 285 177 424 171 387 301 6.4 5.9 19,352 15,662 13,106 15,849 15,105 13,954 11,305 12,151 16,377 14,003 20,671 16,852 12,116 16,952 15,986 14,279 11,693 11,460 17,145 14,633 4 15 73 14 24 154 377 18,107 14,483 11,256 14,587 13,526 13,457 10,425 10,495 14,952 13,459 242 104 344 157 852 890 247 132 101 246 256 135 360 166 949 980 264 144 111 265 275 145 370 179 1,022 1,035 287 147 115 281 7.2 7.4 2.9 8.1 7.7 5.6 8.7 1.7 3.4 6.0 13,238 12,839 15,211 10,990 17,634 13,357 12,594 12,825 10,722 12,580 14,087 16,436 15,786 11,545 19,370 14,686 13,428 13,876 11,695 13,594 15,052 18,045 16,178 12,511 20,857 15,571 14,496 14,051 11,965 14,369 36 9 21 68 2 29 47 53 75 51 174 344 189 385 194 379 2.5 14,322 15,309 15,739 13,512 15,147 14,875 27 38 940 126 452 475 •156 -2.4 11.5 7.2 5.2 4.1 7.0 12.1 6.2 7.5 4.4 7.2 8.8 6.6 6.8 6.5 6.3 5.8 6.9 5.4 11.2 6.5 6.6 2.8 5.8 9.4 10.1 8.8 -7.7 8.5 6.5 6.7 4.5 ^3.8 -1.5 14,892 18,505 18,135 51 8 1 72 50 81 23 10 57 82 69 74 37 33 54 70 52 77 79 13 43 SURVEY OF CURRENT BUSINESS September 1997 • 65 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Area name 1993 Missouri Metropolitan portion Nonmetropolltan portion Percent change2 Millions of dollars 1994 1994-95 1995 103,066 78,349 24,718 109,081 82826 26,256 116242 88,532 27,710 15,251 16,547 18,507 17,125 14,665 16,623 14,829 13,422 12,406 20,178 16,306 17,026 15,492 18,698 15,212 16,808 15,047 14,077 13,069 21,137 82 95 106 9 17,564 14,911 13,508 15,403 16,621 17,960 14,955 12,127 18,010 13,409 18,518 15,858 14,320 16,394 17,549 18,922 17,729 12,552 19,058 13,620 19,629 17,080 14,905 17,110 18,500 20,109 17,255 13,399 19,939 14,239 15 42 83 40 22 10 38 103 12 93 15112 15,936 12,322 20,803 16,976 19,393 14,965 13846 14,269 12,558 16635 16,872 14,232 21,872 18,267 20,272 15,584 14,247 14,623 12,798 15784 17,766 13,649 23,031 19,039 21,566 15,979 15114 15,072 13,424 68 31 99 12,953 11,041 13,869 11,052 14,524 17,505 15,552 13,974 19,594 15,448 15,445 11,824 14,435 11,048 15,566 18,719 16,792 15,492 20,673 17,016 14,758 11,216 15,316 11,565 16,102 19,770 18,034 15,943 21,862 17,236 218 188 130 2,290 227 203 138 2,443 234 218 146 2,608 2.9 7.4 6.2 6.7 Buchanan Butler Caldwell Callaway Camden Cape Girardeau Carroll Carter Cass . Cedar 1,466 596 114 528 493 1,153 159 71 1,248 164 1,532 634 123 559 536 1,219 184 74 1,368 171 1,613 685 127 602 583 1,309 178 80 1,474 183 5.3 8.0 3.6 7.8 8.8 7.4 134 612 93 147 683 105 139 759 102 3,350 293 1,282 3,602 319 1,360 3,850 340 1,460 232 282 109 172 246 297 115 182 254 323 120 196 101 113 193 118 121 200 117 124 215 130 479 1,477 134 510 1,602 141 528 1,731 224 95 241 106 261 109 4,287 4,588 4,898 161 176 179 8.1 7.7 7.0 -5.1 11.1 -3.2 6.9 6.7 7.3 3.3 8.7 4.2 7.6 -1.2 2.2 7.3 5.2 3.6 8.0 8.2 2.3 6.8 1.6 4 17 8 64 78 81 101 85 115 73 113 62 14 29 65 7 39 15,242 1,884 3,363 2.3 6.9 5.3 6.3 7.7 7.8 16,654 17,292 12,212 15,142 16,395 14,810 13,761 23,651 19,560 18,105 52 37 110 77 54 84 97 3 16 26 664 71 439 569 447 164 525 229 283 253 703 71 476 591 486 164 569 235 288 267 5.8 0 8.4 3.9 8.8 .1 8.5 2.8 1.9 5.6 13,984 15,116 14,841 16,949 13650 14,726 15,404 15,823 17,814 13,150 14,455 16,240 15,346 17,799 14,201 16,257 16,555 16,458 19,525 13,934 15,099 16,269 16,371 18,425 15259 16,104 17,300 16,840 20,044 14,377 80 57 55 23 74 61 36 47 11 91 251 151 110 449 42 305 199 196 150 177 252 154 114 485 59 319 215 198 153 186 263 165 119 504 66 343 216 208 163 198 4.2 7.2 4.9 4.0 16,455 13,459 13,363 16,162 10,881 14,256 14,144 15,678 17,002 15,456 16,745 13,670 13,830 17,441 14,730 14,650 15,380 15,635 17,341 16,203 17,358 14,713 14,578 18,094 16,162 15,612 15,732 16,090 18,380 17,065 34 87 89 27 59 71 70 63 24 43 240 273 729 295 118 200 115 283 264 587 258 306 793 332 123 208 116 294 282 620 276 299 855 332 134 220 125 311 294 664 7.7 0 8.1 5.8 7.7 5.7 4.1 7.0 14,633 13,181 15,737 13,926 12,178 16,337 12,589 13,136 15,475 16,310 15,427 14,817 16,943 15,772 12,519 16,976 12,607 13,656 16,391 16,943 16,143 14,431 18,124 15,784 13,283 17,784 13,243 14,371 16,943 18,044 60 90 25 68 104 30 105 92 45 28 7.1 2.9 8.3 7.6 5.4 15,229 14,950 23,143 13,810 15,024 15,910 15,538 24,950 14,009 15,639 16,794 15,827 26,372 14,673 16,825 51 67 2 88 48 Howard Howell Iron ... Jackson Jasper Jefferson 138 362 102 86 159 508 148 13,590 1,628 2,885 14,333 1,750 3,118 Johnson Knox . Laclede Lafayette Lawrence Lewis . Lincoln Linn .... Livingston McDonald 630 67 420 535 426 150 481 219 258 234 Macon Madison Maries Marion Mercer Miller . Mississippi Moniteau Monroe Montgomery Morgan New Madrid Newton Nodaway Oregon Osage Ozark Pemiscot Perry . Pettis -3.2 16,583 16,716 11,775 18,062 16,203 14,068 12,947 22,269 18,462 17,043 138 345 95 103 156 475 141 See footnotes at end of table. 8.6 7.4 1.8 56 44 72 20 75 50 14,391 15,629 11,863 13,832 15,383 13,722 12,494 21,434 17,412 15,977 122 320 93 81 149 458 136 Phelps Pike .. Platte Polk .. Pulaski -16.2 557 238 584 248 626 256 1,470 1,616 1,749 318 553 334 550 359 580 -.3 4.8 7.2 -15.8 13.3 7.5 .6 4.6 6.4 6.5 7.0 -2.4 Area name Putnam Rails .. Randolph Ray ...: Reynolds Ripley St Charles St. Clair Ste. Genevieve St. Francois St. Louis Saline Schuyler Scotland Scott .. Shannon Shelby Stoddard Stone . Sullivan Taney Texas . Vernon Warren Washington Wayne Webster Worth. Wright St. Louis City Montana Nonmetropolltan portion Beaverhead Big Horn Blaine Broadwater Carbon Carter Cascade Chouteau Custer Daniels Dawson Deer Lodge Fallen . Fergus Flathead Gallatin Garfield Glacier Golden Valley Granite Hill ..... Jefferson Judith Basin Lake ... Lewis and Clark Liberty Lincoln McCone Madison Meagher Mineral Missoula Musselshell , Petroleum Phillips Pondera Powder River Powell Prairie . Ravalli . Richland Roosevelt Rosebud Sanders Sheridan Silver Bow Stillwater Sweet Grass Teton .. Toole .. Treasure Valley .. Wheatland Percent change2 Millions of dollars 1993 1995 14,555 15,497 13,204 16,703 14,384 15,317 14,252 12,831 11,888 19,212 401 259 111 437 477 197 Hoit ,: 1995 6.8 3.9 376 249 132 403 444 194 Harrison Henry Hickory 1994 19695 20678 21853 21,957 23,030 24,455 14,847 15,640 16,309 359 231 95 394 422 178 Daviess DeKalb Dent .. Douglas Dunklin Franklin Gasconade Gentry Greene Grunay 1993 66 6.9 5.5 Adair . . Andrew Atchison Audrain Barry. Barton Bates Benton Bollinger Boone Chariton Christian Clark . Clay .. Clinton Cole.. Cooper Crawford Dade , Dallas Rank in State Dollars Per capita personal income3 Personal income Per capita personal income3 1994 65 149 395 325 78 1994-95 1995 67 154 391 364 83 13656 18,718 17,105 16,822 13,424 98 18 41 49 101 6.0 9.5 5.9 7.4 10,719 20,316 13,540 14,871 13,531 28,384 16,842 12,978 14,305 15,559 10,815 21,655 13,485 16,341 14,238 29,601 18,210 13,453 15,550 16,652 11,255 22,865 14,045 17,338 15,166 31,634 18,715 13,466 14,212 17,538 114 5 96 35 11,245 16,296 14,386 17,791 12,910 18,502 11,989 15,127 15,982 11,224 11,654 16,862 15,571 17,826 13,977 19,216 12,135 16,309 16,987 11,914 12,219 16,895 16,258 18,527 15,113 19,865 12,746 16,566 17,661 12,668 109 46 58 21 79 13 107 53 11,013 13,618 14,327 12,230 20,133 11,319 14,197 16,384 12,206 21,158 12,179 14,754 15,868 12,145 22809 111 86 143 152 5,663 117 268 124 288 692 28,441 384 55 69 621 741 29,681 415 58 75 665 806 31,729 429 59 68 705 88 112 419 396 82 547 262 287 93 116 456 428 89 597 267 312 98 116 479 468 98 641 283 320 340 238 369 256 397 278 136 344 142 369 154 396 34 213 39 217 37 227 7,587 7,779 8,186 14,819 3,861 10,957 15,162 4,042 11,120 16,058 4,286 11,772 5.9 8.7 6.9 3.4 2.4 -8.5 6.0 5.6 .8 5.1 9.5 10.6 7.5 6.0 2.5 7.7 8.4 8.1 7.3 -4.4 4.2 5.2 6.0 5.9 148 149 160 7.1 150 97 142 83 143 85 .5 1.3 59 146 23 57 143 21 60 150 20 1,500 1,527 1,624 147 216 49 113 219 42 130 227 47 •149 149 142 46 204 155 152 46 208 1,246 1,075 1,321 1,157 19 163 12 42 18 170 13 40 311 171 39 361 340 181 41 379 1,002 1,074 46 262 31 93 30 50 255 29 98 30 43 42 46 1,541 1,619 1,732 59 10 78 133 31 97 24 446 62 6 76 107 27 95 21 482 63 5 75 126 28 100 21 515 169 153 178 123 85 595 113 61 126 116 169 147 181 130 76 620 118 57 112 98 168 149 181 136 85 659 124 59 123 112 17 15 142 36 15 151 40 '153 39 1995 13291 17,673 16,248 16,548 12,623 5,174 320 159 50 345 953 65 251 37 92 33 1995 13030 17,204 16,415 14,655 11,784 118 244 998 25 162 13 42 1994 2.8 6.4 4.5 3.2 8.7 139 1,192 1993 69 164 408 375 90 4,740 143 48 205 Rank in State Dollars 5.1 4.3 -1.8 6.4 15.6 4.0 12.4 3.8 6.7 -1.3 2.1 6.0 7.6 -7.7 4.4 8.3 -4.3 9.3 6.0 3.9 5.2 7.2 7.1 -2.8 -6.6 5.7 -2.1 8.8 7.0 1.7 -14.9 -1.3 17.7 2.4 5.9 .5 7.0 -.4 1.2 .0 5.0 11.4 6.4 4.7 3.1 9.5 14.5 -4.2 6.5 9.3 76 1 19 100 94 33 32 108 66 112 6 17,616 17,702 18450 19,199 19,808 20^832 17,119 17,043 17,712 20 17,017 12,733 13,957 16,449 16,962 15,578 18,682 27,460 17,948 22,797 16,924 11,770 11,822 15,550 16,051 13,518 18,803 20,868 18,048 19,591 17,795 11,714 11,947 15,509 16628 13,751 20,043 24,167 18,688 22,084 35 26 45 7 1 17 3 16,493 14,107 16,280 16,439 18,272 17,817 17,243 13,187 13,349 16,080 16,606 13,909 15,246 16,149 18,489 18,570 13,337 13,122 12,372 15,877 17,137 14,823 15,334 16,384 18,972 19,424 12,544 13,531 13,139 15,436 23 38 37 29 16 11 52 47 50 36 18,220 18,450 22354 15,005 18,745 29,187 13,705 17,394 14,899 18,012 17,781 18,917 17,569 15,228 19,416 20,566 14,230 14,728 14,471 16,567 19,212 19,434 18,020 15,531 20,362 21,785 13,604 13,879 14,605 16,288 13 10 18 34 6 4 46 44 40 30 11,983 18,226 13,932 18,505 15,462 21,568 15,430 14,315 17,584 15,398 11,651 18,875 14,022 12,066 15,177 17,202 13,532 13,818 15,743 15,663 12,709 19,818 13,941 10,489 14,684 19,995 14,169 14,336 15,574 15,944 51 9 43 56 39 8 42 41 33 32 16,333 13,919 16,588 13,274 19,011 17,158 16,164 18,930 19,940 22,897 16,318 13,204 16,795 13,357 17,302 17,830 16,350 17,530 17,428 19,367 16,244 13,365 16,800 13,499 19,259 19,011 16,564 17,524 19,122 22,375 31 49 25 48 12 15 27 21 14 2 18,835 17,483 17,245 18,341 17,077 17,997 16,761 15,445 16,396 22 19 28 54 53 SURVEY OF CURRENT BUSINESS 66 • September 1997 Table 3.—Personal Income and Per Capita Personal Income by County-1993-95—Continued Per capita personal income3 Personal income Area name Percent change2 Millions of dollars 1993 1994 1994-95 1995 15 2,361 236 14 2,515 253 13 2,662 268 31,824 17,575 14,249 33,366 18,565 14,802 35,156 19,985 15,171 Adams Antelope Arthur Banner Blaine Boone Box Butte Boyd Brown Buffalo 558 136 6 13 10 116 246 44 61 681 595 135 4 9 7 118 245 45 60 728 626 127 6 10 8 114 261 47 62 758 Burt Butler Cass Cedar , Chase Cherry Cheyenne 123 147 399 169 86 98 176 146 185 260 134 162 435 174 86 91 177 138 194 260 132 159 464 169 85 101 196 139 196 266 -2.0 -1.6 215 285 133 413 47 111 610 10,108 55 150 212 305 138 413 43 112 659 10,619 51 166 208 328 145 436 47 114 693 11,447 52 156 -1.8 Franklin Frontier Furnas Gage Garden Garfield Gosper Grant Greeley Hall 60 51 111 416 43 32 38 9 56 911 61 47 107 433 38 32 38 7 54 971 60 49 111 443 42 32 35 9 56 1,024 -2.0 Hamilton Harlan Hayes Hitchcock Holt Hooker Howard Jefferson Johnson Kearney 164 76 27 61 234 11 101 144 74 131 179 70 27 58 230 9 102 150 79 145 177 73 27 60 236 11 102 146 80 139 -1.4 138 9 81 160 4,541 587 14 7 c 618 139 5 79 157 4,831 620 11 6 3 658 145 6 82 154 5,156 635 12 6 4 692 136 92 69 135 96 236 53 70 214 135 148 87 75 145 97 259 58 61 231 139 147 96 72 154 93 264 54 62 235 135 560 108 204 161 42 215 1,897 310 658 281 599 113 209 168 38 235 2,006 339 655 302 606 109 222 170 41 233 2,191 351 692 303 Wibaux Yellowstone Park (incl. Ylwstn. Natl. Park) Nebraska Metropolitan portion Nonmetropolltan portion CoL Cuming Custer Dakota Dawes Dawson Deuel Dixon Dodge Douglas Dundy .. Fillmore Keith Keya Paha Kimball Knox Lancaster Lincoln Logan Loup McPherson Madison Merrick Morrill Nance Nemaha Nuckolls Otoe Pawnee Perkins Phelps Pierce . Platte Polk Red Willow Richardson Rock Saline farpy Saunders Scotts Bluff Seward Sheridan Sherman See footnotes at end of table. 101 46 96 46 104 44 Dollars 1993 1994 1995 5.8 5.8 5.4 7.7 2.5 19,708 20,526 21,447 21,541 22,514 23,926 17,836 18,480 18,871 5.2 18,793 17,749 12,806 15,036 15,498 17,644 19,071 15,904 16,766 17,445 20,024 17,883 9,956 11,078 11,163 18,127 19,060 16,370 16,522 18,569 21,013 16,899 13,242 12,150 11,913 17,492 19,976 17,031 17,085 19,152 13 66 84 88 89 56 17 64 62 34 15,593 17,184 18,057 16,668 20,074 15,505 18,431 20,326 19,211 25,811 17,101 18,808 19,282 17,252 20,328 14,167 18,471 19,078 19,518 25,725 16,638 18,494 20,219 16,856 19,877 15,653 20,433 19,286 19,229 26,214 69 44 15 68 20 79 14 29 31 2 17,379 16,095 14,591 18,133 21,267 17,816 17,652 23,604 22,265 21,576 17,134 16,969 15,024 18,060 20,368 17,851 19,072 24,666 20,126 23,947 16,875 17,869 15,920 18,994 22,499 18,109 19,942 26,371 21,020 22,464 67 52 75 35 5 49 19 1 12 6 15,511 16,182 19,484 18,226 18,918 15,461 18,591 11,636 18,390 18,049 16,188 14,997 19,008 18,974 16,686 15,509 18,503 8,478 18,057 19,080 15,773 15,513 19,829 19,426 18,780 15,504 15,816 11,511 18,879 19,953 77 80 21 28 42 81 76 90 38 18 18,031 20,038 23,201 17,125 18,756 14,658 16,132 16,659 15,989 19,966 19,681 18,757 23,511 16,472 18,551 12,713 16,243 17,469 17,141 22,068 19,220 19,746 23,249 17,248 19,250 14,906 15,958 17,158 17,305 21,219 32 23 4 58 30 82 74 59 57 11 16,410 9,429 19,283 16,957 20,275 17,756 15,283 9,651 9,072 18,447 16,203 5,413 19,225 16,646 21,325 18,570 12,004 8,395 5,243 19,398 16,609 5,956 19,591 16,365 22,446 18,922 13,210 8,536 6,330 20,081 70 93 24 72 7 37 85 91 92 16 16,679 17,190 16,284 17,246 17,104 16,391 15,932 21,687 21,672 17,191 18,194 16,255 17,586 18,664 17,460 17,983 17,582 18,926 23,264 17,696 17,965 17,659 17,033 19,560 16,922 18,341 16,548 18,953 23,533 17,139 50 53 63 25 65 47 71 36 3 60 18,405 19,770 17,885 16,468 21,621 16,730 17,793 16,592 17,943 17,639 19,529 20,298 18,466 17,234 19,770 18,261 18,313 18,092 17,821 18,884 19,802 19,215 19,530 17,529 22,368 17,926 19,498 18,405 18,798 18,714 22 33 26 55 9 51 27 46 41 43 -6.1 30.2 8.5 9.3 -3.6 6.4 4.3 3.7 4.1 6.6 -2.8 -1.1 11.1 10.5 .3 1.1 2.4 7.6 5.3 5.6 10.6 2.3 5.1 7.8 1.6 -5.8 3.3 3.8 2.2 9.5 -.2 -9.1 35.4 3.0 5.4 3.8 -.5 3.4 2.7 20.0 -.3 -2.6 .6 -3.6 4.4 9.9 3.6 -1.9 6.7 2.3 7.0 4.0 20.9 5.2 -.8 9.7 -4.2 6.2 -4.2 2.0 -6.0 1.0 1.8 -3.1 1.3 -3.8 6.2 1.4 8.5 -1.0 9.3 3.5 5.6 .5 8.2 -4.3 15,283 14,555 15,734 12,574 12,648 12,180 Area name 55 5 24 78 87 Percent change2 Millions of dollars Rank in State Dollars 1993 1994 1995 13,575 16,468 16,796 14,780 13,814 18,076 19,958 15,784 12,076 17,791 18,913 14,776 14,087 18,687 21,095 16,811 12,449 17,535 18*47 16,159 14,322 18,471 22,412 17,110 86 54 48 73 83 45 8 61 1.3 19,282 18,955 18,849 22,378 19,727 18,856 19,355 21*40 21,487 40 39 10 9.5 9.8 7.8 22,342 23305 24,361 22,560 23 535 24,611 21,109 21,962 22,878 6.6 17,388 21,898 27,079 20,175 18,294 22,645 20,877 18,922 18,865 18,221 17,953 22,811 28,147 21,105 18,409 23,785 21,133 19,339 18,556 18,496 18,543 23,812 29,585 21,450 18,428 23,165 21,854 20,768 18,635 18,997 14 4 1 7 16 5 6 8 13 11 8.3 18,125 16,048 16,824 18,904 25,189 16,015 23,433 18,596 17,241 17,099 19,855 26,448 17,758 24,732 20,018 18,462 18,415 20,671 27,866 18,977 26,128 10 15 17 9 2 12 3 7.3 7,7 6.6 22820 24,238 25,715 23,478 24,851 26,441 21,744 23,231 24520 2,339 881 8.0 7.9 5.5 4.3 6.0 7.3 7.0 8.4 7.1 6.9 21,116 22,493 20,514 18,170 22,895 23,687 23,350 24,903 19,397 19,947 224,767 224,767 238,020 238,020 5.9 5.9 27,646 28430 29,941 27,646 28430 29,941 Cape May Cumberland Essex Gloucester Hudson Hunterdon 5,920 30,239 9,760 11,615 2,271 2,720 21,300 4,955 11,975 3,721 6,159 31,168 10,211 11,988 2,342 2,786 21,826 5,239 12*41 3,938 6,497 32,902 10,862 12,659 2,467 2,936 23,166 5,557 12,987 4,180 5.5 5.6 6.4 5.6 5.3 5.4 6.1 6.1 6.1 6.1 25,641 36,177 24,417 22,923 23,385 19,567 27,597 20,790 21,714 32,732 26,530 37,133 25,329 23,659 23,958 20,063 28,480 21,681 22*23 34,157 27,810 39,014 26,628 24,963 25,138 21,312 30,457 22,875 23,561 35,969 10 3 11 14 13 21 8 20 18 4 Mercer Middlesex Monmouth Morris Ocean Passaic Salem Somerset Sussex Union 9,809 18,082 16,623 15,771 10,685 10,549 1,414 9,837 3,296 14,592 10,194 18,803 17,149 16,316 10,909 10,856 1,461 10,376 3,431 15,101 10,770 19,841 18,093 17,404 11,541 11,443 1,534 11,066 3,669 16,037 5.7 5.5 5.5 6.7 5.8 5.4 5.0 6.7 6.9 6.2 29,853 26,337 29,061 36,489 23,744 22,962 21,716 38,486 24,153 29,490 30,964 27,158 29,648 37,182 23,853 23,494 22,556 39,795 24,840 30,415 32,633 28,425 30,917 39,179 24,759 24,684 23,522 41,735 26*34 32*85 5 9 7 2 16 17 19 1 12 6 15 1993 1995 13,364 12,181 11,483 19,543 20,472 21,345 15,346 16,103 16,812 -4.4 Per capita personal income3 Personal income Rank in State 1994 1994-95 1995 Sioux Stanton Thayer Thomas Thurston Valley Washington Wayne 21 101 110 13 98 89 345 151 19 110 124 12 102 92 369 162 20 109 118 13 103 91 399 163 Webster Wheeler York 81 21 282 80 19 310 78 18 314 30,971 26,572 4,400 34,120 29,413 4,707 37,357 32,283 5,073 341 19,292 876 783 22 33 307 124 71 423 366 21,512 940 852 21 33 319 126 72 451 390 23,720 1,031 892 22 33 346 134 72 491 116 74 49 6,933 150 1,029 115 395 75 54 7,506 164 1,119 123 453 81 59 8,110 187 1,211 25,621 16,355 9,266 27,518 17,538 9,980 29,527 18,890 10,638 1,048 823 1,453 617 1,746 8,111 2,812 6,213 2,032 767 1,132 909 1,539 658 1,883 8,700 3,035 6,654 2,184 824 1,222 981 1,624 686 1,997 9,334 3*48 217,293 217,293 Nevada Metropolitan portion Nonmetropolltan portion Churchill Clark Douglas Elko Esmeralda Eureka Humboldt Lander Lincoln Lyon Mineral Nye Pershing Storey Washoe White Pine Carson City New Hampshire , Metropolitan portion Nonmetropolltan portion Belknap Carroll Cheshire Coos Grafton Hillsborough Merrimack Rockingham Strafford Sullivan New Jersey Metropolitan portion Atlantic Warren .347 7*16 6.3 -.4 -5.0 9.4 1.0 -.9 8.1 .6 -2.0 -5.9 10.3 9.6 4.7 4.9 1.0 8.4 6.6 .7 8.9 7.0 14.8 8.5 8.5 8.0 14.5 22,617 24,557 21,772 19,394 24,396 25,116 24,931 26,221 20,685 21,125 23,966 26,112 22,867 20,348 25,663 26,678 26,314 27,954 21,988 22388 2,158 2*73 2,408 5.9 22,862 23,809 24,943 26,692 17,043 9,649 28,345 18,303 10,042 30,689 19,881 10,808 8.3 8.6 7.6 10,224 33 887 245 204 702 34 2,059 827 396 10,983 34 921 267 212 711 32 2,160 844 429 11,902 35 983 289 219 767 35 2,343 899 472 8.4 2.6 6.6 8.2 3.4 8.0 8.6 8.5 6.5 20,163 12,937 14,832 10,161 15*88 15,095 14,792 13,487 15,820 13,785 Guadalupe Harding Hidalgo 47 15 91 47 13 91 47 11 101 6 4 7 10 5 2 3 1 9 8 16,485 17,084 18,161 18,711 19,559 20,773 13,623 13,882 14,749 Bernalillo Catron Chaves Cibola Colfax Curry DeBaca Dona Ana Eddy , Grant 1995 New Mexico Metropolitan portion Nonmetropolitan portion 10.2 -.2 -12.8 11.2 22,718 13,094 15,865 11,490 15,788 16,125 14,696 14,643 16,931 15,682 3 25 13 30 14 10 20 21 7 15 11,362 11,339 11,446 15,531 13,413 11,822 15,010 14,767 16,166 31 28 9 21,238 12,932 15,104 10,924 15,414 14,775 13,973 13,752 15,923 14,542 SURVEY OF CURRENT BUSINESS September 1997 • 67 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Area name Percent change2 Millions of dollars 1993 1994 1995 1994-95 Rank in State Dollars 1993 1994 1995 860 234 538 255 668 44 752 863 242 538 262 704 46 768 942 254 572 281 757 49 822 9.1 4.8 6.3 7.3 7.5 6.2 7.1 15,185 17,344 29,304 12,023 10,334 10,125 14,201 15,146 17,172 29,039 11,969 10,753 10,292 14,080 16,624 17,206 30,687 12,438 11,323 10,703 14,828 8 6 1 27 32 33 19 Quay Rio Arriba Roosevelt Sandoval San Juan San Miguel Santa Fe ... Sierra Socorro Taos 163 376 245 1,123 1,381 318 2,375 149 188 323 154 402 238 1,270 1,491 336 2,549 158 194 352 155 432 259 1,388 1.0 7.4 9.1 9.3 8.2 8.5 9.0 7.9 7.9 9.5 15,425 10,584 13,839 15,524 14,221 11,569 21,722 14,359 12,278 13,126 14,562 11,123 12,761 16,644 15,033 11,998 22,546 14,933 12,342 14,068 14,955 11,707 13,868 17,349 16,093 12,824 23,737 15,963 13,154 15,090 18 29 23 5 11 26 2 12 24 17 147 64 724 164 67 803 183 73 898 12,937 13,755 14,229 15,652 16,267 17,399 14,169 14,952 15,622 22 4 16 457,204 431,880 25,324 476,488 450,071 26,417 501,555 474,098 27,457 Torrance Union Valencia Now York Metropolitan portion Nonmetropolltsn portion '« *W 209 385 11.6 8.1 11.9 5.3 5.3 3.9 25,162 26,185 27,572 25,913 26962 28,401 16,842 17,562 18,332 Albany Allegany Bronx Broome Cattaraugus Cayuga Chautauqua Chemung Chenango Clinton 7,313 732 19,491 4,142 1,306 1,383 2,385 1,686 871 1,388 7,677 769 20,230 4,214 1,365 1,439 2,503 1,773 896 1,449 7,886 802 21,460 4,278 1,440 1,501 2,595 1,863 918 1,473 2.7 4.4 6.1 1.5 5.5 4.3 3.7 5.0 2.5 1.7 25,050 14,333 16,264 19,610 15,216 16,690 16,763 17,745 16,610 16,064 25,672 14,963 16,890 20,191 15,971 17,385 17,635 18,766 17,116 16,769 26,466 15,605 17,943 20,888 16,849 18,147 18,366 19,817 17,663 17,762 8 60 46 26 54 44 42 33 48 47 Columbia Cortland Delaware Dutchess Erie .. Essex Franklin Fulton Genesee Greene 1,256 803 731 6,092 19,942 641 708 937 1,124 787 1,323 833 775 6,132 21,077 673 742 986 1,177 841 1,382 857 805 6,302 22,106 708 770 1,015 1,238 868 4.5 2.9 4.0 2.8 4.9 5.2 3.7 2.9 5.2 3.3 19,802 16,247 15,322 23,177 20,554 16,984 14,438 17,209 18,369 16,777 20,813 16,906 16,261 23,474 21,813 17,803 15,049 18,144 19,190 17,801 21,693 17,518 16,962 24,098 23,019 18,810 15,612 18,758 20,264 18,303 19 49 53 12 15 37 59 38 28 43 Hamilton Herkimer Jefferson Kings Lewis Livingston Madison Monroe Montgomery Nassau 100 1,073 1,779 43,988 378 1,142 1,286 17,542 927 43,580 100 1,144 1,848 46,071 397 1,208 1,352 18,279 976 45,322 104 1,191 1,928 48,639 410 1,277 1,411 19,122 1,014 47,711 3.7 4.2 4.3 5.6 3.1 5.7 4.4 4.6 3.9 5.3 18,960 16,098 15,619 19,196 13,823 17,713 18,045 24,123 17,789 33,542 19,080 17,155 16,034 20,135 14,415 18,521 18,945 25,195 18,730 34,824 19,995 17,987 16,834 21,328 14,811 19,465 19,802 26,457 19,464 36,609 31 45 55 22 62 35 34 9 36 3 New York Niagara Oneida Onondaga Ontario Orange Orleans . Oswego Otsego Putnam 79,600 4,198 4,559 10,079 2,055 6,468 703 2,150 1,032 2,335 83,558 4,432 4,748 10,515 2,163 6,767 742 2238 1,075 2,445 88,619 4,660 4,894 10,919 2,296 7,058 780 2,340 1,130 2,606 6.1 5.1 3.1 3.8 6.1 4.3 5.1 4.5 5.1 6.6 53,080 18,941 18,162 21,230 20,881 20,316 15,901 17,112 16,795 26,523 55,228 20,002 19,088 22262 21,943 21,150 16,603 17,858 17,414 27,454 58,096 21,023 20,220 23,255 23,227 21,894 17,361 18,658 18,370 28,914 1 24 29 13 14 18 52 40 41 5 46,380 3,092 9,642 7,594 1,639 4,063 3,474 528 276 599 47,132 3,246 10,166 8,018 1,715 4,270 3,641 556 290 620 49,783 3,344 10,795 8,504 1,780 4,420 3,767 573 304 647 5.6 3.0 6.2 6.1 3.8 3.5 3.5 3.1 4.9 4.3 23,629 19,723 24,412 27,831 14,214 21,377 23,149 15,988 14,544 18,258 23,943 20,810 25,661 29,129 14,906 22,140 24,351 16,949 15,230 19,029 25,214 21,530 27,209 30,698 15,462 22,760 25,320 17,474 15,852 19,889 11 20 7 4 61 16 10 50 58 32 1,782 34,001 1,388 929 1,769 3,402 1,223 923 1,773 33,013 1,882 35,542 1,444 958 1,872 3,438 1,298 969 1,882 34,210 1,996 37,540 1,509 990 1,955 3,512 1,357 1,007 1,990 36,262 6.1 5.6 4.5 3.4 4.4 2.1 4.6 3.9 5.7 6.0 17,751 25,336 19,589 17,402 18,437 20,068 19,978 15,208 19,183 37,255 18,745 26,377 20,488 17,913 19,456 20,454 21,181 15,986 20,247 38,503 20042 27,769 21,464 18,735 20,292 21,000 22,077 16,547 21,218 40,696 30 6 21 39 27 25 17 56 23 2 653 366 692 393 724 419 4.6 6.7 14,909 15,761 16,453 15,576 16,420 17,397 57 51 Queens Rensselaer Richmond Rockland St. Lawrence Saratoga Schenectady Schoharie Schuvler Seneca Steuben Suffolk Sullivan . Tioga Tompkins Ulster Warren Washington Wayne Westchester Wvomina Yates See footnotes at end of table. ... ... .... .... Area name North Carolina Percent change2 Millions of dollars 1993 1995 Lea , Lincoln Los Alamos Luna McKinley Mora Otero Per capita personal income3 Personal income Per capita personal income3 1994 1995 133,187 94,574 38,613 141,016 100,278 40,738 151,818 108,208 43,610 Alamance Alexander Alleghany Anson Ashe . Avery Beaufort Bertie Bladen Brunswick 2,153 498 154 388 346 264 675 434 878 2,276 526 163 395 372 274 712 303 482 941 2,427 551 181 430 399 301 756 328 526 1,025 Buncombe Burke Cabarrus Caldwell Camden Carteret Caswell Catawba Chatham Cherokee 3,667 1,332 2,071 1,228 93 935 301 2,544 836 270 3,826 1,401 2,236 1,310 100 985 316 2,708 863 288 4,104 1,479 2,453 1,387 106 1,077 337 2,869 931 318 Chowan Clay .. Cleveland Columbus Craven Cumberland Currituck Dare .. Davidson Davie 227 106 1,487 798 1,450 4,773 252 430 2,337 626 234 113 1,565 850 1 1,508 4,899 270 465 2,459 656 247 122 1,678 897 1,627 5,210 291 502 2,632 706 Duplin Durham Edgecombe Forsyth Franklin Gaston Gates Graham Granville Greene 758 4,162 867 6,597 611 3,276 141 91 617 266 797 4,322 891 6,901 656 3,463 149 98 652 274 Guilford Halifax Harnett , Haywood Henderson Hertford Hoke . Hyde. Iredell Jackson 8,367 820 1,078 813 1,534 312 306 81 Nonmetropolltan portion •291 Rank in State Dollars 1994-95 1993 1994 1995 1995 7.7 7.9 7.0 19,136 19,921 21,079 20,454 21,282 22528 16,529 17,212 18,177 6.6 4.7 19,151 17,274 15,947 16,079 15,141 17,456 15,532 14,116 14,823 15,589 19,994 17,875 16,691 16,292 16,044 18,028 16,249 14,677 16,173 16,121 21,100 18,461 18,377 17,833 16,981 19,615 17,184 15,822 17,474 16,886 17 44 46 53 70 27 65 85 59 72 19,951 17,044 19,676 16,915 14,953 16,773 14,355 20,718 20,317 13,047 20,507 17,664 20,815 17,920 15,700 17,479 14,968 21,739 20,584 13,567 21,676 18,402 22,293 18,755 16,508 18,664 15,711 22683 21,742 14,700 15 45 12 39 77 40 86 11 13 95 5.5 8.4 7.3 5.5 7.8 6.4 7.8 8.1 7.0 7.6 16,400 14,110 16,934 15,718 17,349 16,813 16,555 17,678 17,687 21,722 16,856 14,586 17,664 16,621 17,988 17,252 17,047 18,522 18,458 22,234 17,727 15,368 18,647 17,406 19,101 18,289 17,873 19,271 19,467 23,808 54 88 42 60 36 47 52 32 29 8 875 4,611 943 7,414 709 3,713 156 107 701 299 9.8 6.7 5.8 7.4 8.0 7.2 5.0 8.7 7.6 9.3 18,340 21,762 15,460 24,068 15,581 18,287 14,641 12,311 15,491 16,508 19,056 22,392 15,907 24,785 16,287 19,225 15,306 13,011 16,264 16,488 20,636 23,649 16,768 26,372 17,052 20,455 15,962 14,098 17,167 17,354 19 9 75 3 68 21 81 96 66 61 9,538 896 1,232 906 1,763 345 343 80 2,167 472 7.9 3.2 8.2 6.5 7.8 7.0 6.3 -10.9 8.2 7.6 23,057 14,417 14,864 16,668 20,826 13,749 12,189 15,069 18,824 15,162 23,987 15,192 15,380 17,343 21,691 14,315 11,959 16,876 19,875 15,387 25,462 15,641 16,147 18,252 22,949 15,315 12,334 14,976 20,961 16,232 4 87 80 48 10 89 100 92 18 78 10.9 8.8 7.1 10.0 6.2 8.2 9.2 8.9 7.3 5.5 9.7 5.9 5.6 9.3 6.3 6.0 7.9 10.5 421 8,840 869 1,138 851 1,635 323 322 90 2,003 439 Johnston Jones Lee ... Lenoir Lincoln McDowell Macon Madison Martin Mecklenburg 1,586 175 874 1,005 927 567 394 254 391 14,058 1,722 183 936 1,053 993 612 427 269 412 15,132 1,871 187 1,004 1,118 1,063 659 464 287 427 16,555 8.6 2.2 7.2 6.2 7.0 7.7 8.6 6.8 3.7 9.4 17,902 18,149 19,782 17,195 17,131 15,495 15,819 14,624 15,175 25,598 18,905 18,847 20,749 17,914 17,971 16,471 16,821 15,216 15,646 26,813 19,725 19,356 21,657 18,873 19,105 17,537 17,714 15,960 16,193 28,520 26 31 16 38 35 58 55 82 79 1 Mitchell Montgomery Moore Nash . New Hanover Northampton Onslow Orange Pamlico Pasquotank 217 364 1,438 1,508 2,621 291 1,962 2,350 179 511 226 380 1,533 1,590 2,800 318 2,030 2,492 186 535 247 404 1,651 1,714 3,037 334 2,149 2,686 200 574 9.4 6.5 7.7 7.8 8.5 5.0 5.9 7.8 7.2 7.4 14,971 15,383 22653 18,295 19,990 14,121 13,474 22,860 15,238 15,371 15,568 16,031 23,325 18,771 20,692 15,350 14,005 23,537 15,578 15,972 16,899 16,835 24,558 19,816 21,705 15,921 14,897 25,015 16,543 17,016 71 74 7 24 14 83 93 5 76 69 Pender Perquimans Person Pitt .... Polk .. Randolph Richmond Robeson Rockingham Rowan 510 148 513 2,041 347 1,993 666 1,528 1,485 1,979 554 163 537 2,174 362 2,114 678 1,614 1,561 2,120 607 161 587 2,339 391 2,279 724 1,704 1,650 2,287 9.7 9.3 7.6 8.0 7.8 6.8 5.6 5.7 7.9 15,681 13,939 16,367 17,889 22,726 17,853 14,659 13,975 17,025 17,199 16,341 15,210 16,990 18,712 23,312 18,684 14,940 14,585 17,787 18,056 17,253 14,987 18,152 19,813 24,631 19,828 15,876 15,205 18,609 19,165 64 91 49 25 6 23 84 90 43 34 942 925 537 879 990 963 564 917 1,047 1,041 615 985 5.8 8.1 9.1 7.4 16,117 18,706 15,493 16,503 16,810 19,194 16,196 16,973 17,629 20,631 17,540 18,141 56 20 57 50 Rutherford Sampson Scotland Stanly 1356 -1.1 68 • September 1997 SURVEY OF CURRENT BUSINESS Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Millions of dollars Area name Percent change2 1994 1994-95 1993 Stokes Surry Swain Transylvania Tyrrell Union Vance Wake Warren Washington Watauga Wayne Wilkes Wilson Yadkin Yancey 652 1995 7.1 6.8 5.2 5.9 Rank in State Dollars 1993 1994 1995 16716 17,608 12,413 18,231 14,307 17,528 17,169 18,361 12,875 18,468 15,003 18,111 17958 19,408 13,399 19,486 13,712 19,235 51 30 99 28 98 33 16,369 25,500 13,284 16,044 16,445 16,261 17,787 19,112 17,705 14,451 17,310 26,764 14,052 16,843 17295 17,127 18,933 20,145 18,657 14,858 62 2 97 73 63 67 37 22 41 94 Millions of dollars Area name Percent change2 1994 1994-95 1993 1995 720 1,836 589 843 35,527 1,011 797 37 31 60 62 48 4 42 26 1,841 1,593 2,153 426 22,445 764 469 2,033 2,835 563 2,052 1,697 2,350 456 23,874 825 505 2,175 3,009 596 2233 1,801 2,528 473 25,410 876 526 2,326 3,221 625 8.8 6.1 7.6 3.7 6.4 6.2 4.0 7.0 7.0 4.9 25,071 20,505 19205 15,151 22,464 19,147 14,721 24,719 20,300 14,265 26,844 21,805 20,536 16,177 23,787 20,613 15,731 26,146 21,542 14,976 28,289 22,929 21,571 16,747 25,193 21,525 16,139 27,507 22,909 15,563 1 12 20 67 5 22 70 2 13 74 Hamilton Hancock Hardin Harrison Henry Highland Hocking Holmes Huron Jackson 21,464 1,401 467 220 543 531 395 461 1,032 433 22,197 1,492 491 223 581 573 415 510 1,095 455 23,517 1,574 512 233 612 596 444 536 1,148 484 5.9 5.5 4.3 4.4 5.2 4.1 7.0 5.1 4.8 6.4 24,653 20,824 14,900 13,665 18,390 14,028 14,556 13,393 17,882 13,703 25,653 22,026 15,623 14,031 19,683 14,914 15,126 14,491 18,861 14,273 27,323 23,089 16,211 14,627 20,590 15,281 15,872 14,831 19,536 15,132 3 11 69 82 30 77 71 80 43 78 Jefferson Knox Lake Lawrence Licking Logan Lorain Lucas Madison Mahoning 1,274 812 4,850 895 2,483 806 5,245 9,531 624 4,875 1,327 884 5,123 949 2,661 861 5,607 10,036 669 5,095 1,381 921 5,438 994 2,853 924 5,954 10,594 706 5,382 4.1 4.2 6.2 4.7 7.2 7.4 6.2 5.6 5.6 5.6 16,106 16,481 21,975 14,068 18,593 18,169 18,882 20,775 15,783 18,398 16,906 17,674 23,189 14,898 19,734 19,323 20,107 21,987 16,600 19,366 17,715 18,097 24,482 15,545 20,919 20,470 21254 23,349 17,267 20,610 58 56 6 75 27 32 25 10 61 29 1,091 2,740 296 724 1,923 215 12,334 209 414 1,424 1,171 2,957 312 764 2,055 230 12,892 211 444 1,476 1,247 3,181 326 791 2,186 240 13,683 218 467 1,555 6.5 7.6 4.5 3.6 6.4 4.1 6.1 3.3 5.2 5.3 16,793 20,969 12,516 18,037 20,088 13,999 21,405 14,573 14,199 17,118 17,995 22,216 13,150 18,904 21,366 15,096 22,588 14,655 15,021 17,662 19,069 23,382 13,624 19,412 22,626 15,680 24,092 14,943 15,523 18,484 46 9 87 45 14 72 7 79 76 49 155 814 316 420 781 357 2,596 688 621 2252 164 861 343 450 835 379 2,776 728 675 2,358 168 909 357 477 885 395 2,952 775 705 2,491 2.5 5.6 4.2 6.1 5.9 4.3 6.4 6.5 4.5 5.6 13,193 20215 15,558 12,843 15,272 13,895 17,766 16,702 17,972 17,634 13,913 21,398 17,012 13,554 16,183 14,549 18,909 17,533 19,390 18,435 13,963 22,448 17,674 14,275 16,895 14,773 19,922 18,390 20,115 19,472 85 16 59 83 65 81 39 51 36 44 1,173 1,190 1,067 931 7,619 11,916 4,710 1,508 691 1,241 1,234 1,266 1,107 1,002 8,078 12,668 4,962 1,603 741 2.6 5.2 6.4 3.7 7.6 6.0 6.3 5.4 6.3 7.3 15,430 17,988 14,033 17,093 18,799 19,326 21,470 19,338 16,507 18,785 16,561 18,741 14,712 17,717 20,020 20,383 22,642 20,617 17,432 19,554 16,831 19,655 15,614 18,393 21,383 21,596 23,996 21,826 18,369 20,323 66 41 73 50 23 19 8 18 52 34 526 149 2,514 1,062 1,921 716 2,288 367 557 157 2,722 1,108 2,062 777 2,431 393 579 164 2,957 1,165 2,179 811 2,568 415 3.9 4.4 8.6 5.1 5.7 4.4 5.6 5.7 17,328 12,749 20,348 16,782 18,287 19,190 19,984 16,312 18,339 13,333 21,435 17,431 19,461 20,694 21,102 17,404 19,046 13,659 22,589 18,310 20,315 21,373 22,004 18,326 47 86 15 54 35 24 17 53 56,138 36,699 19,439 58,278 38,289 19,988 60,914 40,26< 4.5 5.1 3.3 17,361 17,912 18,601 18,873 19,562 20,454 15,081 15,419 15,801 260 103 140 121 279 173 437 417 277 93 147 103 294 170 463 424 285 88 151 105 309 172 490 431 2.8 13,401 16,460 10,653 20,471 15,193 15,658 13,179 13,905 Delaware Erie Fairfield Fayette Franklin Fulton Gallia Geauga Greene Guernsey 706 13,787 252 238 692 1,895 1,156 1,359 622 241 6.3 9.1 7.4 4.0 7.0 7.2 6.9 5.7 7.8 4.1 15,893 24,648 12,715 15,593 15,622 15,408 17,184 18,502 16,940 13,607 10,860 4,983 5,877 11,618 5,289 6,329 11,939 5,605 6,334 2.8 6.0 17,046 18,162 18,611 18,693 19,574 20,547 15,862 17,129 17,178 Adams Barnes Benson Billings Bottineau Bowman Burke Burleigh Cass Cavalier 49 173 79 14 129 64 46 1,253 2,162 88 44 198 88 11 134 60 46 1,309 2,323 96 46 198 81 12 128 62 48 1,400 2,460 92 6.1 .5 17,363 14,125 11,228 12,234 16,687 19,008 17,356 19,774 19,944 15,407 15,312 16,343 12,586 9,947 17,614 18,346 17,780 20,433 21,050 17,177 16,541 16,399 11,641 10,074 16,817 18,990 19,111 21,604 21,971 17,080 30 32 48 50 26 8 7 3 2 23 Dickey Divide Dunn Eddy Emmons Foster Golden Valley Grand Forks ., Grant Griggs 90 43 48 37 60 58 29 1,194 36 40 106 44 45 44 58 66 28 1,269 35 48 96 49 44 41 57 62 27 1,331 32 45 15,283 16,208 12,533 13,196 13,161 15,103 15,206 16,853 10,832 12,813 17,956 16,760 11,717 15,385 12,789 17,040 14,385 17,695 10,706 15,565 16,623 19,113 11,698 14,382 12,597 15,921 13,779 18,577 10,072 14,779 28 6 47 40 45 33 44 13 51 38 Hettinger Kidder LaMoure Logan McHenry Mclntosh McKenzie McLean Mercer Morton 53 42 74 44 88 53 88 176 177 374 57 38 91 42 91 56 91 181 184 388 53 34 83 39 88 53 89 181 197 413 17,056 13,242 14,331 16,719 14,148 13,913 14,870 17,618 18,786 15,614 18,634 12,283 17,752 16,559 14,706 14,852 15,480 18,200 19,586 16,117 17,562 11,044 16,526 15,777 14,147 14,327 15,436 18,246 20,812 16,981 21 49 31 34 42 41 35 15 4 25 Marion Medina , Meigs Mercer Miami Monroe Montgomery Morgan Morrow Muskingum Mountrai! Nelson Oliver Pembina Pierce Ramsey Ransom Renville Richland Rolette 108 62 30 163 82 212 91 50 279 146 114 67 29 207 91 229 112 52 348 160 113 62 31 201 86 234 103 49 324 167 15,930 15,183 13,476 18,306 17,422 16,788 15,453 17031 15,262 11,012 16,728 16,532 13225 23,552 19,156 18,106 19,145 17645 19,025 11,790 16,554 15,431 13,819 22,915 18,063 18,732 17,675 17040 17,785 12,006 29 36 43 1 17 12 20 24 19 46 Noble Ottawa Paulding Perry Pickaway Pike Portage Preble Putnam Richland Sargent Sheridan Sioux Slope Stark. Steele Stutsman Towner Traill Walsh 73 30 35 10 361 33 378 50 139 212 100 31 36 10 367 39 394 58 154 261 89 29 37 7 391 38 406 49 160 243 -11.2 16,603 15,318 8,996 11,785 15,863 14,353 17,366 14,853 16,225 16,189 22,571 15,826 9,158 11,484 16,057 16,799 18,114 17,753 17,871 20,251 19,754 14,732 9,294 8,990 17,366 16,673 18,944 14,815 18,414 18,890 5 39 52 53 22 27 10 37 14 11 Ross Sandusky Scioto Seneca Shelby Stark Summit Trumbull Tuscarawas Union 1,119 1,126 1,133 1,027 871 7,218 11,272 4,441 1,417 647 Ward Wells , Williams 1,007 96 349 1,030 108 353 1,112 95 370 8.0 -11.7 4.8 17,523 17,795 18,955 17,512 20,107 18,008 16,900 17,194 18,093 9 18 16 224,340 189,937 34,404 236,544 199,903 36,641 250,865 212,308 38,557 6.1 6.2 5.2 20,285 21,317 22,531 21,130 22,179 23,508 16,615 17,587 18,338 Van Wert Vinton Warren Washington Wayne Williams Wood Wyandot 326 1,945 821 364 2,162 907 1,860 857 955 1,194 655 6,882 457 3.7 4.3 3.7 6.5 3.9 4.4 4.6 5.8 6.9 5.4 12,193 12,957 13230 17,707 18,950 19,867 16,482 17,33! 17,77« 14,115 20,450 17,008 16,910 21,527 16,245 88 40 57 55 84 33 63 64 21 68 748 3,043 4.7 6.1 18,457 19,151 19,930 18,940 19,492 20,662 38 28 Ohio Metropolitan portion Nonmetropolltan portion Adams Allen Ashland Ashtabula Athens Auglaize Belmont Brown Butler Carroll 785 850 1,095 577 6,076 407 352 2,074 875 1,747 824 914 1,141 618 6,438 434 Champaign Clark 684 2,792 715 2,868 See footnotes at end of table. 1.9 -3.8 -9.2 12.2 -.9 -6.6 -2.0 -6.0 -4.6 4.8 -7.3 -6.1 -6.7 -11.0 -8.8 -7.8 -3.7 -4.7 -2.5 .2 6.8 6.7 -.3 -7.6 4.0 -3.0 -5.0 2.5 -7.7 -55 -7.0 4.3 -8.4 3.1 -239 6.4 -.7 3.2 -16.3 4.2 -7.0 13',01£ 18,349 15,465 15,507 19,679 14,782 13',667 19,682 16,202 16,210 20,377 15,619 1995 20089 20,543 17,597 17,121 18,623 26,803 19,596 21,088 664 12,639 235 229 647 1,768 1,081 1,285 577 231 2.5 4.9 7.0 5.9 1995 19137 19,181 16,526 16,416 17,808 25,123 18,699 20,154 637 11,748 224 220 603 1,664 1,035 1,234 542 215 -4.7 1994 18220 17,470 15,641 15,609 16,560 24,403 17,533 18,234 1,127 145 484 56 1,615 -7.3 1993 6.8 8.2 6.6 4.8 4.7 6.2 5.0 5.5 2939 647 1,736 560 787 34,352 946 722 738 1,269 158 527 53 1,906 North Dakota Metropolitan portion Nonmetropolltan portion 1995 Rank in State Dollars 3,351 779 1,957 618 882 37,724 1,062 841 Clermont Clinton Columbiana Coshocton Crawford Cuyahoga Darke Defiance 689 1,189 151 498 58 1,725 -9.3 10.5 Per capita personal income3 Personal income Oklahoma Metropolitan portion Nonmetropolltan portion Adair Alfalfa Atoka Beaver Beckham Blaine Bryan . Caddo 3137 1210 -5.8 3.0 2.0 5.1 1.5 5.8 1.4 14,097 15,102 11,167 17,376 15,871 15,456 13,912 14,023 14,421 14,331 11,372 17,607 16,598 15,760 14,536 14,015 58 60 76 15 21 35 54 64 SURVEY OF CURRENT BUSINESS September 1997 • 69 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Area name Percent change2 Millions of dollars 1993 1994 1995 Canadian Carter 1,377 750 1,448 771 1,522 828 Cherokee Choctaw Cimarron Cleveland Coal .. Comanche Cotton Craig . Creek Ouster 556 197 80 3,125 62 1,778 103 199 893 415 568 206 65 3,315 64 1,803 100 207 937 428 594 203 49 3,506 67 1,880 102 216 986 439 Delaware Dewey Ellis ... Garfield Garvin Grady Grant Greer Harmon Harper 447 95 72 1,031 412 600 109 97 58 82 483 93 68 1,063 433 629 110 97 57 72 505 96 68 1,099 448 660 105 100 52 70 Haskell Hughes Jackson Jefferson Johnston Kay ... Kingfisher Kiowa Latimer Le Flore 138 158 404 106 118 963 226 161 132 588 146 164 412 102 125 954 237 157 139 638 149 169 417 105 125 974 250 156 147 661 Lincoln Logan Love .. McClain McCurtain Mclntosh Major Marshall Mayes Murray 413 460 118 372 464 224 127 165 495 165 432 480 120 394 505 239 123 172 522 169 Muskogee Noble Nowata Okfuskee Oklahoma Okmuigee Osage Ottawa Pawnee Payne 986 169 134 130 Dollars 1994-95 1993 1994 1995 8 7 4.6 15,507 12,817 25,236 16,917 10,491 15,041 15,566 14,139 14,178 15,673 15,634 13,319 20,734 17,576 10,741 15,866 15,010 14,558 14,694 16,118 15,982 13,316 16,038 18,320 11,081 16,870 15,031 15,144 15,251 16,678 30 69 28 11 77 17 46 44 40 20 14,834 17,899 16,517 18,246 15,519 14,084 -5.2 19,517 3.1 15,142 -8.5 16,012 -3.4 21,212 15,506 17,765 16,131 18,719 16,211 14,603 19,809 14,912 15,837 18,593 15,659 18,606 16,055 19,160 16,725 15,036 19,145 14,952 14,325 18,180 36 10 27 2.5 2.8 1.2 2.7 -.4 2.1 5.5 -.8 6.3 3.5 12,651 12,401 13,986 15,314 11,726 19,909 17,300 14,421 12,813 13,221 13,226 12,804 14,174 14,675 12,110 19,973 17,866 14,149 13,507 14,213 13,296 12,996 13,972 15,335 12,069 20,468 18,622 14,086 14,271 14,467 70 72 66 39 75 4 9 63 62 56 453 503 121 412 525 251 127 180 548 175 4.7 5.0 .6 4.6 3.9 5.1 3.6 4.6 5.0 3.2 13,867 15,337 14,693 15,487 13,747 12,719 16,572 14,365 14,190 13,755 14,373 16,073 14,575 15,979 14,909 13,189 15,811 14,929 14,773 14,120 14,799 16,250 14,434 16,321 15,233 13,565 16,396 15,244 15,241 14,332 50 25 57 24 43 68 23 41 42 59 595 477 228 954 1,074 179 137 142 13,565 526 633 514 253 1,059 4.2 .7 3.2 5.1 5.3 2.8 5.4 5.2 6.5 5.5 14,300 15,058 13,611 11,533 19,883 13,127 13,948 15,749 14,509 15,089 14,860 15,849 13,630 12,116 20,623 13,697 14,132 16,027 14,997 15,841 15,502 15,877 13,894 12,639 21,657 13,987 14,931 16,807 15,890 16,589 37 33 67 73 $ 1,030 178 133 135 12,888 512 601 489 237 1,004 65 48 18 32 22 590 511 879 130 59 997 335 469 664 351 604 528 920 137 57 1,046 346 506 678 312 638 558 965 143 55 1,109 361 533 687 300 5.6 5.6 4.9 4.2 13,788 15,040 14,557 11,673 14,953 16,691 13,455 13,436 15,421 21,855 14,043 15,426 15,222 12,160 14,855 17,208 13,842 14,406 15,671 19,095 14,753 16,109 15,812 12,531 14,561 17,856 14,442 14,819 15,983 17,973 51 26 34 74 53 14 56 49 29 13 140 11,695 739 1,060 170 152 282 132 12,125 764 1,084 169 151 291 128 12,744 803 1,115 172 150 300 13,910 22,367 14,592 22266 14,847 17,450 15,042 13,487 23,116 14,841 22825 14,580 17,428 15,485 13,208 24,251 15,361 23,465 14,675 17,558 15,974 71 1 38 2 52 16 31 59,260 43965 151295 62,991 46,995 15,996 67,796 50,733 17,063 Baker Benton Clackamas Clatsop Columbia Coos. Crook Curry. Deschutes Douglas 242 1,372 6,913 626 698 1,036 254 350 1,743 1,540 249 1,465 7,366 647 719 1,067 261 372 1,874 1,610 263 1,595 7,986 684 780 1,128 273 397 2,015 1,710 Gilliam Grant Harney Hood River Jackson Jefferson 30 127 109 301 2,859 230 28 128 111 315 3,070 240 28 133 107 336 3,272 257 Pittsburg Pontotoc Pottawatomie Pushmataha Roger Mills Rogers Seminole Sequoyah Stephens Texas Tillman Tulsa. Wagoner Washington Washita Woods Woodward Oreaon Metropolitan portion Nonmetropolltan portion See footnotes at end of table. 12 -1.6 4.5 2.9 -.7 3.3 3.4 4.9 -3.2 6.0 4.3 5.2 1.2 -3.8 -3.0 5.1 5.1 2.8 1.9 -.4 2.8 19 45 6 47 61 12 7.6 19,494 20,357 21,530 8.0 20,637 21,674 22,992 6,7 16,818 17,272 18,108 15,065 18,777 22,735 18,073 17,373 16,538 16,287 17,148 19,857 15,802 15,346 19,726 23,726 18,385 17,597 16,991 16,334 17,912 20,584 16,354 16,005 21,257 25,237 19,337 18,680 17,914 16,682 18,856 21,212 17,127 30 4 2 9 12 16 26 11 5 21 16,890 3.9 16,061 15,616 6.6 16,764 6.6 18,080 6.9 15,399 15,104 16,150 15,558 17,118 18,913 15,335 14,840 16,699 15,072 17,771 19,746 15,913 34 25 33 17 7 31 5.6 8.8 8.4 5.7 8.5 5.7 4.6 6.7 7.5 6.2 -1.4 -3.3 1993 1994 Per capita personal income3 Percent change2 Millions of dollars Area name 1995 5.1 17,454 18,052 18,649 7.4 17,210 17,618 18,763 -24.6 5.8 4.8 4.3 2.1 4.3 5.2 2.6 Personal income Rank in State 1995 1994-95 Rank in State Dollars 1993 1994 1995 1995 Josephine Klamath Lake Lane 1,063 933 124 5,327 1,133 966 120 5,667 1,222 1,042 120 6,043 7.8 7.9 -.1 6.6 15,746 15,616 17,083 18,036 16,325 15,892 16,355 18,932 17,148 16,970 16,317 19,917 20 22 28 6 Lincoln Linn Malheur Marion Morrow Multnomah Polk Sherman Tillamook Umatilla 719 1,602 426 4,428 124 13,771 872 32 362 1,027 762 1,702 434 4,684 124 14,769 940 26 376 1,040 813 1,831 453 5,013 139 15,929 997 24 396 1,112 6.7 7.6 4.4 7.0 5.3 6.9 17,077 16,636 15,516 17,947 14,410 22,588 16,087 16,462 15,844 16,448 17,626 17,371 15,722 18,620 14,161 24,091 16,742 13,739 16,206 16,422 18,352 18,283 16,158 19,541 15,394 25,798 17,421 12,977 16,725 17,329 14 15 29 8 32 1 18 36 23 19 Union Wallowa Wasco o Washington Wheeler Yamhill 396 122 384 7,869 21 1,228 404 122 398 8,458 21 1,322 418 125 422 9,280 21 1,433 3.5 2.3 6.2 9.7 .5 8.4 16,030 16,368 17,151 22,431 14,148 17,224 16,154 16,293 17,482 23,424 13,189 18,008 16,713 16,614 18,409 24,934 13,350 18,891 24 27 13 3 35 10 261,429 229,824 31,605 269,742 236,974 32,768 284,476 249,983 34P,493 5.5 5.5 5.3 21,726 22,370 23588 22,547 23,217 17,180 17,699 18,553 Adams Alleohenv Armstrong Beaver Bedford , Berks Blair Bradford Bucks Butler 1,529 32,774 1,238 3;370 712 7,698 2,287 1,013 14,344 3,110 1,597 33,525 1,245 3,497 734 8,020 2,379 1,048 14,949 3,208 1,685 35,180 1,312 3,690 773 8,455 2,495 1,102 15,902 3,425 5.6 4.9 5.4 5.5 5.3 5.4 4.9 5.2 6.4 6.8 18,579 24,660 16,605 17,864 14,565 22,268 17,338 16,356 25,603 19,474 19,175 25,407 16,706 18,578 14,957 23,008 17,963 16,909 26,365 19,813 20,083 26,921 17,669 19,664 15,719 24,139 18,891 17,745 27,746 20,718 28 5 54 29 64 10 34 52 4 23 Cambria Cameron Carbon Centre Chester Clarion Clearfield Clinton Columbia Crawford 2,730 105 1,002 2,247 12,445 667 1,299 589 1,075 1,420 2,813 111 1,046 2,333 13,017 695 1,357 612 1,115 1,494 2,959 116 1,102 2,475 13,957 729 1,431 636 1,184 1,570 5.2 4.7 5.4 6.1 7.2 4.9 5.4 4.0 6.2 5.1 16,853 18,218 17,149 17,403 31,685 15,812 16,474 15,770 16,728 16,177 17,472 19,076 17,811 17,977 32,752 16,523 17,084 16,344 17,370 16,886 18,488 20,091 18,773 18,957 34,469 17,204 17,961 17,071 18,436 17,596 40 27 36 33 2 59 50 60 41 55 Cumberland Dauphin .... Delaware Elk Erie Fayette Forest Franklin Fulton Greene 4,722 5,484 14,145 694 5,278 2,329 67 2,348 206 593 4,932 5,728 14,513 729 5,510 2,419 70 2,427 217 610 5,228 6,053 15,305 765 5,811 2,553 74 2,560 234 647 6.0 5.7 5.5 4.9 5.5 5.5 5.0 5.5 7.5 6.0 23,245 22,493 25,771 19,655 18,879 15,875 13,426 18,762 14,492 14,781 24,098 23,335 26,444 20,722 19,630 16,522 14,115 19,245 15,178 14,962 25,417 24,613 27,927 21,796 20,704 17,468 14,865 20,225 16,234 15,423 7 9 3 17 24 57 67 26 63 65 Indiana Jefferson juniata Lackawanna Lancaster ... Lawrence Lebanon Lehigh Luzeme 629 1,487 793 333 4,190 9,537 1,615 2,258 6,932 6,189 649 1,534 828 349 4,307 9,785 1,661 2,340 7,212 6,384 674 1,602 868 363 4,511 10,321 1,764 2,460 7,621 6,696 3.8 4.4 4.8 3.9 4.8 5.5 6.2 5.1 5.7 4.9 14,032 16,431 17,026 15,578 19,279 21,745 16,712 19,443 23,313 18,805 14,536 16,985 17,761 16,221 19,908 22,084 17,228 20,073 24,203 19,571 15,028 17,746 18,617 16,743 20,974 23,056 18,357 21,076 25,614 20,676 66 51 37 61 22 11 42 21 6 25 Lycoming McKean Mercer Mifflin Monroe Montgomery Montour Northampton Northumberland Perry 2,119 807 2,042 •708 1,973 23,477 442 5,317 1,652 715 2,184 842 2,141 737 2,105 24,448 456 5,536 1,702 752 2,290 898 2,259 779 2,275 26,054 457 5,857 1,745 791 4.9 6.7 5.5 5.7 8.0 6.6 .2 5.8 2.5 5.3 17,517 16,684 16,702 15,108 18,209 33,830 24,297 20,986 17,201 16,712 18,080 17,370 17,545 15,699 18,728 34,949 25,083 21,718 17,629 17,387 19,102 18,569 18,498 16,588 19,602 37,011 25,061 22,847 18,070 18,193 31 38 39 62 30 1 8 12 48 47 Philadelphia Pike ...!.. Potter Schuylkill Snyder Somerset Sullivan Susouehanna 30,325 593 284 2,665 770 1,350 100 692 655 699 30,536 628 294 2,752 797 1,398 103 710 681 731 31,698 672 312 2,897 828 1,472 108 741 715 775 3.8 7.0 6.3 5.2 3.9 5.3 4.8 4.4 4.9 6.0 19,717 17,424 16,630 17,317 20,563 17,102 16,482 16,723 15,732 18,366 20,058 17,763 17,196 17,892 21,190 17,504 16,827 17,084 16,399 18,002 21,136 18,312 18,217 18,839 21,918 18,298 17,530 17,725 17,245 19,039 20 44 46 35 16 45 56 53 58 32 1,204 888 4,130 1,241 899 4,331 1,312 951 4,576 5.7 5.9 5.7 20,623 21,005 22,225 19,529 20,047 21,261 19,913 20,861 22,118 14 19 15 Metropolitan portion Tioga Union Venango Warren Washington :.: : 12.1 7.9 6.1 -5.3 SURVEY OF CURRENT BUSINESS JO • September 1997 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Area name Millions of dollars 1993 Wayne Westmoreland Wyoming York Rhode Island Metropolitan portion Nonmetropolltan portion Bristol Kent Newport ..... Providence Washington Percent change2 1994 1994-95 1995 Dollars 1993 1994 1995 728 7,471 509 7,632 751 7,654 510 78823 796 8,093 535 8,299 6.0 5.7 4.7 6.1 16,908 19,863 17,435 21,563 21740 19,832 22,163 20,241 1,908 1,922 23619 21,576 2,043 66 6.6 6.3 21743 22249 23,817 21,687 22J185 23,730 22,348 22,948 24,777 1,248 1,278 3,741 1,922 12,515 2,707 1,370 3,978 2,043 13,297 2,930 7.2 6.3 6.3 6.2 8.2 25,324 22325 22,348 20,997 22,763 1,908 12,352 2,592 25,988 22,956 22,948 21,395 23,482 18,024 21,487 18,337 22,759 1993 49 18 43 13 27,900 24,509 24,777 22,896 25,040 ."."!!.".". 1 4 5 2 62,159 45,304 65,746 47,827 17,919 69,810 50,813 18,997 6.2 6.2 6.0 Abbeville Aiken Allendale Anderson Bamberg Barnwell Beaufort Berkeley Calhoun Charleston 332 2,524 136 2,532 213 339 2,057 1,842 192 5,653 351 2,585 148 2,696 225 365 2,195 1,857 207 5,880 372 2,648 159 2,889 235 380 2,378 1,876 216 6,084 5.9 2.5 7.2 7.2 4.5 4.2 8.3 1.0 4.0 3.5 13,804 19,292 11,600 16,788 12,643 15,944 21,799 13,406 14,540 18,979 14,545 19,618 12,707 17,670 13,409 16,985 22,558 13,360 15,517 20,476 15,322 19,908 13,708 18,699 13,970 17,665 23,774 13,875 16,018 21,645 32 7 41 13 39 18 1 40 27 4 Cherokee Chester Chesterfield Clarendon Colleton Darlington Dillon Dorchester Edgefield Fairfield 678 442 567 345 486 994 381 1,384 276 314 721 470 597 379 509 1,046 407 1,432 292 336 770 496 626 402 539 1,112 421 1,488 313 358 6.9 5.6 4.9 6.0 5.9 6.3 3.6 3.9 7.4 6.5 14,702 13,497 14,534 11,894 13,469 15,428 12,934 15,459 14,612 14,089 15,420 14,242 15,178 12,952 14,033 16,199 13,715 15,937 15,226 15,011 16,302 15,004 15,864 13,678 14,701 17,107 14,200 17,463 16,323 15,962 24 34 29 42 36 21 38 19 23 28 Florence Georgetown Greenville Greenwood Hampton Horry Jasper Kershaw Lancaster Laurens 2,067 1,038 252 2,544 218 747 875 1,004 2,177 885 7,117 1,103 277 2,771 238 784 924 1,063 2,301 947 7,687 1,193 285 3,034 254 841 980 1,131 5.7 7.0 8.0 8.1 3.2 9.5 6.8 7.2 6.1 6.4 17,285 16,656 20,184 17,009 13,429 17,143 13,768 16,349 15,729 16,889 17,981 17,713 21,233 17,923 14,661 18,177 14,718 17,027 16,494 17,707 18,767 18,627 22,631 19,204 14,996 19,220 15,556 18,082 17,320 18,627 12 14 2 11 35 10 30 16 20 14 Lee 228 3,749 114 488 378 536 1,129 1,343 1,696 6,069 231 4,051 121 505 394 567 1,221 1,403 1,836 6,412 1.4 8.1 6.2 3.5 4.2 5.9 8.1 4.5 8.3 5.7 11,315 19,515 11,396 13,119 12,188 15,007 17,691 14,486 15,814 19,268 12,206 20,030 12,388 13,927 12,637 15,899 18,627 15,317 16,781 21,140 12,397 21,127 13,018 14,414 13,171 16,660 19,818 16,049 17,908 22,134 46 Lexington McCormick Marion Marlboro Newberry Oconee Orangeburg Pickens Richland 211 3,561 104 456 365 508 1,058 1,267 1,579 5,738 Saluda Spartanburg Sumter Union Williamsburg York 247 4,179 1,463 430 452 2,611 15,487 18,662 14,557 14,881 12,770 19,860 16,178 19,844 15,387 15,175 13,111 20,925 25 8 31 33 44 6 South Carolina Metropolitan portion ....... Nonmetropolitan portion 822 6,675 261 273 4,434 4,767 1,549 456 479 2,803 1,645 468 489 3,011 4.5 7.5 6.2 2.5 2.1 7.4 14,747 17,795 13,811 14,069 12,159 18,772 12,744 4,772 7,972 13,691 5,148 8,543 14,247 5,507 8,740 4.1 7.0 2.3 17,769 18,906 19,530 20330 21,573 22,822 1&23 17,595 17,903 Aurora Beadle Bennett Bon Homme Brookings Brown Brule Buffalo Butte Campbell 45 338 44 107 415 709 86 20 116 32 52 361 40 122 456 743 86 18 121 28 46 366 47 113 467 788 88 20 131 31 -11.3 1.6 Charles Mix Clark Clay Codington Corson Custer Davison 154 68 190 444 46 106 332 101 69 58 165 92 218 487 44 114 358 107 76 61 160 73 216 517 47 120 373 112 75 65 -28 -20.6 55 78 60 69 52 75 -12.8 8.8 45 37 43 22 9 26 17 3 South Dakota Metropolitan portion Nonmetropolltan portion Day Deuel Dewey Douglas Edmunds See footnotes at end of table. 19.4 -7.4 2.4 6.1 2.2 11.5 7.8 11.5 -1.1 6.3 6.2 5.8 4.2 5.1 -1.2 7.1 14,703 18,850 13,879 15,229 15,920 19,821 15,295 11,159 13,345 16,874 17,105 19,930 11,997 17,386 17,263 20,741 15,359 10,309 13,593 14,917 14,903 20,181 14,165 15,950 17,608 22,001 15,871 11,254 14,571 16,484 51 13 56 46 28 6 47 62 53 39 16483 15,636 14,180 18,499 10,935 16,487 18,783 14,876 15,100 10,179 17,637 21,011 16,114 19,817 10,431 17,045 20,258 15,797 16,962 10,716 16992 16,634 15,762 20,840 11,018 17,849 21,072 16,797 16,741 11,317 31 36 48 9 63 25 8 33 34 61 15,239 16,555 14,535 18,284 16,217 17,247 54 30 Percent change2 Millions of dollars Area name 1995 17,131 18,047 19,037 17,907 18,864 19,922 15,343 16,179 17,016 3,640 17,178 20,315 17,403 21,727 Per capita personal income3 Personal income Rank in State 1994 Fall River Faulk Grant Gregory Haakon Hamlin namnn Hand Hanson 117 49 134 82 1994-95 1995 53 122 43 149 84 47 7f) (U DO 00 84 32 Harding Hughes Hutehmson Hyde Jackson Jerauld Jones Kingsbury Lake Lawrence 129 43 146 85 54 Rank in State Dollars 1993 1994 1995 1995 5.6 16,444 17,323 18,130 -1.7 -2.3 1.5 13.6 19,786 16,848 16>03 11,215 13,950 11,367 23 42 26 38 7 50 35 60 13,865 20,033 16,105 16,858 9,692 19,897 23,248 15,686 16,774 17,038 12,697 21,045 18,618 14,134 10,090 19,131 19,130 19,665 19,596 17,534 13,052 22,154 16,571 16,468 11,373 19,820 23,051 17,254 19,080 18,469 58 5 37 41 59 15 4 29 19 21 18,590 16,982 14,826 15,753 17,823 16,434 12,794 15,220 21,945 15,550 21,197 15,728 17,482 13,691 18,731 17,454 11,817 19,491 23,277 20,458 20,626 16,478 16,198 14,477 18,515 19,081 13,437 16,176 24,797 18,446 11 40 44 55 20 18 57 45 3 22 18,181 18,412 21,219 12,853 16,100 8,003 21,025 16,164 31,243 7,631 18,991 16,967 17,511 14,412 18,583 8325 21,661 15,986 22,385 7,996 20,176 19,728 20,497 14,715 16,208 9,062 20,686 16,844 26,623 8,737 14 17 12 52 43 65 10 32 1 66 16,111 16,344 20,433 17,326 17,785 10,280 15,633 19,957 23,485 16,512 19,537 8,799 15,748 17,716 25,205 17,930 19,766 9,730 49 27 2 24 16 64 19,016 16,022 15,834 21,067 16,793 18,067 16,443 18,983 •to eqo ICOQQ 10,000 1 0,099 16,371 17,824 16,517 21,215 7Q 19 -1fl9 — lU.c 71 40 70 33 -1.3 •22 308 129 28 27 48 30 92 178 371 20 327 151 23 29 46 25 114 209 387 20 345 134 28 33 46 30 100 205 414 Lincoln Lyman .. McCook McPherson Marshall Meade Mellette Miner Minnehaha , Moody, 306 63 86 48 85 378 27 48 2,902 103 360 59 101 42 89 399 25 60 3,143 135 364 63 94 44 87 435 27 49 3,383 122 Pennington Perkins Potter Roberts Sanborn Shannon Spink Stanley Sully Todd 1,564 69 65 126 45 88 166 41 48 67 1,645 64 54 141 51 97 170 43 35 72 1,760 73 62 145 45 106 162 48 42 80 111 140 217 100 359 23 108 171 260 96 398 19 108 152 284 104 410 22 .3 -10.9 9.1 9.0 2.8 96,632 71,643 24,989 103,373 76,673 26,700 110,495 82,304 28,191 6.9 7.3 5.6 18,970 19,976 21,060 20686 21,775 23,073 15,324 16,144 16,784 "*" 1,410 531 227 120 1,657 1,373 458 167 428 711 1,467 569 247 129 1,762 1,482 481 178 467 734 1,544 605 264 138 1,877 1,567 526 190 481 775 5.3 6.5 6.7 7.4 6.5 5.7 9.2 6.7 2.9 5.6 19,931 16,509 14,898 12,169 17,887 17,847 12,684 15,254 15,203 13,561 20,655 17,501 15,971 12,842 18,642 19,101 13,186 15,848 16,501 13,903 21,621 18,217 16,695 13,424 19,346 19,865 14,196 16,561 16,776 14,680 6 29 47 87 19 14 82 48 45 76 475 169 362 102 417 768 210 535 12,807 149 526 180 386 109 436 808 237 583 13,765 155 571 194 408 113 468 844 242 617 14,805 169 8.6 7.9 5.6 3.4 7.2 4.4 2.0 6.0 7.5 9.0 15,937 12,760 13,160 14,139 14,058 18,213 15,650 14,099 24,507 14,262 16,926 13,349 13,738 15,296 14,178 18,857 17,693 14,811 26,057 14,635 17,773 14,101 14,288 15,595 15,043 19,231 17,765 15,196 27,812 15,777 33 83 79 61 69 20 34 68 2 58 249 620 608 420 207 548 77C 457 233 863 262 677 671 460 223 583 845 492 245 889 266 719 697 490 237 620 885 525 265 948 1.8 6.3 3.9 6.5 6.6 6.4 4.7 16,875 16,702 17,196 16,000 13,748 15,394 1643J 16356 12978 K977 17,535 17,913 18,842 17,368 14,490 16,162 17927 17306 13 49<< 15,546 17,405 18,588 19,481 18,132 15,228 17,014 18,602 18319 14,252 16,364 36 28 16 31 67 41 27 26 81 52 172 903 6,318 71 328 325 706 28$ 338 469 182 949 6,616 74 340 347 727 317 368 500 197 1,009 8.1 6.3 6.3 12,777 17,470 21,721 10,324 13,728 13,523 15,157 14844 15,089 16,312 13,356 18,123 22,591 10,667 14,170 14,347 15,405 14,366 19,108 23924 11,479 14,987 15,650 16,193 16414 16527 16,172 16,862 17,218 18,198 78 22 4 94 72 59 53 49 43 30 Tripp Turner Union Walworth Yankton Ziebach Tennessee Metropolitan portion , Nonmetropolltan portion Anderson Bedford Benton Bledsoe Blount Bradley Campbell Cannon Carroll Carter Cheatham Chester Claiborne Clay Cocke Coffee Crockett Cumberland Davidson Decatur DeKalb Dickson Dyer, Fayette Fentress Franklin Gibson Giles Grainaer «iaiiiyci Greene . Grundy .., Hamblen Hamilton Hancock Hardeman Hardin Hawkins Haywood Henderson Henry 7,033 79 362 380 774 32^ 391 536 -17.0 2.3 5.3 -10.9 17.4 12.5 .9 20.2 -12.2 -2.1 6.8 .9 6.3 -7.5 4.4 -2.5 9.0 9.7 -17.7 7.6 -9.7 7.0 13.8 14.2 2.4 -12.5 8.5 -4.7 12.1 19.5 11.7 13.4 8*2 72 6.5 9.3 6.5 2.1 6.2 7.2 **" September 1997 SURVEY OF CURRENT BUSINESS Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Area name 1994 1993 Hickman Houston Humphreys Jackson Jefferson Johnson Knox .. Lake ... Lauderdale Lawrence Percent change2 Millions of dollars 1995 1994-95 Rank in State Dollars 1993 1994 1995 246 94 240 122 531 170 270 100 260 129 571 189 7 327 ^ 7 345 637 ^ 362 ,671 Lewis .. Lincoln Loudon McMinn McNairy Macon. Madison Marion Marshall Maury . 136 447 605 675 325 238 1,509 388 438 1,092 146 476 655 709 344 246 1,649 412 473 1,180 157 496 707 744 370 255 1,769 440 480 1,258 7.7 4.2 7.9 4.9 7.7 3.5 7.3 6.9 1.5 6.6 13,656 15,654 17,832 15,376 14,176 14,480 18,493 15,033 18,546 17,776 14,380 16,671 18,634 15,957 14,825 14,746 19,958 15,737 19,599 18,489 15,289 17,271 19,606 16,473 15,803 14,999 21,158 16,696 19,368 19,371 64 38 15 50 57 71 10 46 18 17 Meigs .. Monroe Montgomery Moore . Morgan Obion .. Overton Perry ... Pickett . Polk .... 115 442 1,775 75 206 565 231 95 63 205 123 485 1,900 78 211 609 242 104 64 215 125 512 2.0 5.6 8.2 5.0 6.7 5.7 7.6 6.6 5.4 6.3 13,332 13,820 15,664 15,091 11,450 17,761 12,833 14,005 13,987 14,696 13,698 15,022 15,982 15,381 11,757 18,966 13,261 14,953 14,255 15,267 13,652 15,634 17,781 15,949 12,373 19,910 14,277 15,481 14,837 15,934 86 60 32 55 91 13 80 62 73 56 Putnam Rhea ... Roane . Robertson Rutherford Scott ... Sequatchie Sevier . Shelby Smith .. 944 364 846 757 2,611 236 128 970 18,691 234 1,026 381 882 827 2,862 255 137 1,058 19,942 249 1,073 398 920 897 3,144 269 148 1,138 21,437 265 4.6 17,290 18,520 4.5 14,111 14,466 4.3 17,613 18,055 8.5 16,874 17,871 9.8 19,323 20,309 5.6 12,395 13,278 7.7 13,871 14,624 7.5 17,188 18,156 7.5 22,045 23,295 6.7 16,043 16,905 18,896 14,831 18,749 18,683 21,260 13,896 15,280 19,127 24,846 17,339 23 74 24 25 7 85 65 21 3 37 Stewart Sullivan Sumner Tipton . Trousdale Unicoi . Union .. Van Buren Warren Washington 143 2,765 2,109 630 79 267 171 56 532 1,757 155 2,862 2,297 685 85 271 181 59 570 1,878 157 3,050 2,473 732 90 286 193 62 601 2,001 1.3 6.6 7.6 6.9 5.0 5.7 6.5 5.2 5.5 6.6 14,984 19,391 20,266 16,296 13,533 16,138 12,302 11,716 16,398 19,336 14,751 20,507 21,198 16,807 13,925 16,923 12,672 12,277 17,049 20,282 75 11 8 44 84 42 90 92 40 12 Wayne Weakley White .. Williamson Wilson . 194 494 296 2,619 1,386 205 528 310 2,925 1,515 212 556 325 3,210 1,635 3.3 12,560 12,893 5.3 15,415 16,381 5.0 14,285 14,764 9.7 28,318 29,874 7.9 19,016 20,159 13,128 17,213 15,239 31,480 21,195 89 39 66 1 9 Texas Metropolitan portion Nonmetropolltan portion 595 8 '1 Mg 225 644 260 110 68 229 351,408 370,558 397,043 306085 324,030 347,810 45,323 46,527 49,233 Anderson Andrews Angelina Aransas Archer . Armstrong Atascosa Austin . Bailey .. Bandera 644 216 1,198 321 130 37 429 386 146 211 696 221 1,276 347 133 35 453 410 127 235 750 228 1,367 372 137 35 482 443 134 259 Bastrop Baylor . Bee Bell Bexar .. Blanco Borden Bosque Bowie.. Brazoria 624 77 322 3,416 22,955 122 20 255 1,418 3,775 679 72 342 3,679 24,374 130 17 264 1,494 3,970 Brazos Brewster Briscoe Brooks Brown . Burleson Burnet . Caldwell Calhoun Callahan 1,877 127 45 99 527 214 445 380 308 175 1,985 126 38 97 563 226 475 409 318 180 See footnotes at end of table. 13,982 18,777 19,071 15,428 12,895 15,882 12,003 11,154 15,611 18,322 63 88 51 77 54 93 95 70 35 7.1 19,452 20,102 21,118 7.3 20,178 20,910 22,007 5.8 15,650 15,840 16,428 7.8 13,131 13,950 3.1 15,197 15,500 7.1 16,308 17,127 7.3 16,346 16,674 3.2 16,532 16,657 -1.5 18,467 17,139 6.4 13,433 13,726 8.0 17,978 18,787 5.6 21,643 18,880 10.3 17,917 18,648 Area name 14,402 16,138 18,145 17,630 16,813 16,628 14,120 19,806 19,638 19,116 216 165 90 102 132 141 221 50 54 67 737 80 378 3,932 26,134 140 17 277 1,596 4,240 8.6 15,356 16,012 16,591 11.1 18,203 17,068 18,983 10.7 12,583 13,068 13,681 6.9 16,917 16,959 17,939 7.2 18,265 19,125 20,126 8.0 18,026 18,462 18,700 -1.8 25,966 22,573 21,069 5.2 16,184 16,330 16,826 6.8 17,049 17,849 19,018 6.8 18,112 18,662 19,595 144 74 225 95 44 80 34 130 71 55 2,086 134 35 98 601 236 518 443 350 191 5.1 14,524 15,187 15,872 5.9 14,834 14,253 14,726 -7.0 24,058 20,322 18,331 1.6 11,983 11,677 11,673 6.7 15,275 15,917 16,443 4.2 14,716 15,406 15,660 9.1 18,471 18,489 18,484 8.4 13,823 14,487 14,870 10.0 15,095 15,469 17,025 6.4 14,506 14,607 15,501 175 208 87 236 149 182 83 204 122 187 Percent change2 Millions of dollars Rank in State Dollars 1993 1994 1995 1995 11,246 18,797 20,510 14,383 25,102 17,173 15,788 16,404 15,420 20,014 11,610 18,910 17,708 15,285 22,633 18,090 16,594 16,201 15,604 20,697 11,960 19,329 19,160 16^15 27,120 19,170 17555 14,210 16,896 19,029 235 60 65 161 5 64 114 219 128 69 58 150 10,094 55 356 1,456 235 42 568 896 4.0 15,163 16,217 17,071 6.5 14,583 14,650 15,569 11.8 26,421 27,560 28,922 -2.2 18,350 16,747 16,514 4.8 17,595 18,224 19,020 9.7 20,760 21,753 22,673 1.6 16,611 17,222 17,363 -8.7 13,847 14,618 13,512 6.3 16,249 17,015 17,823 5.2 11,660 11,829 12,227 120 184 3 145 70 19 112 230 96 233 32 68 70 117 32 146 52,052 230 347 79 33 72 71 110 34 199 55,973 252 407 83 5.0 17,560 15,553 16,687 6.8 14,270 14,573 16,007 1.5 16,170 16,617 16,345 -6.4 15,883 16,075 14,973 4.5 10,005 9,980 10,508 36.8 28,543 24,628 31,598 7.5 25,293 26,665 28,367 9.8 16,807 15,204 16,334 17.5 21,800 17,960 20,889 5.2 15,826 16,639 17,252 139 171 156 200 246 1 4 157 36 115 6,329 295 40 95 67 137 259 1,882 34 1,613 6,888 311 40 98 67 138 265 1,972 38 1,734 7,565 331 41 104 73 148 280 2,062 35 1,867 9.8 20,646 21,483 22,631 6.3 16,086 17,038 16,852 2.4 16,491 16,498 17531 7.1 8,939 9,101 9,948 8.0 18,534 18,062 18,986 6.8 10,779 10,776 10,989 5.4 14,364 14,836 15,504 4.6 15,411 16,099 16,815 -5.6 12,265 12,457 11,196 7.6 17,881 18,826 19,781 20 129 116 250 73 241 186 131 240 52 El Paso Erath Falls Fannin Fayette Fisher Floyd .. . Foard Fort Bend Franklin 8,391 495 254 402 387 72 187 31 5,689 131 8,809 515 262 420 396 74 177 28 6,054 133 9,299 523 269 445 422 74 156 29 6,663 134 5.6 12,964 13,211 13,702 1.6 16,986 17,176 17,143 2.6 14,208 14,646 15,104 6.0 16,169 16,717 16,700 6.7 18,702 18,901 19,941 .9 16,033 16,477 16,443 -12.2 22,730 21,644 18,796 1.3 18,523 17,014 16,775 10.1 21,175 21,571 22,747 .3 15,671 15,408 14,867 224 118 196 138 46 149 76 135 18 205 Freestone Frio Gaines . Galveston Garza Gillespie Glasscock Goliad Gonzales Gray . . 238 172 235 4,497 78 337 24 89 295 479 245 162 217 4,731 77 356 25 92 298 483 259 172 222 5,065 80 376 19 96 291 506 5.6 14,285 6.2 11,240 2.4 16,494 7.0 19,381 3.8 15,653 5.5 18,060 -23.1 15,620 4.5 14,542 -2.4 17,127 4.6 20,320 14,657 10,538 14,932 20,130 16,052 18,770 16,478 15,198 17,100 20,652 14,902 10,962 15,137 21,300 17,048 19,465 13,110 15,180 16,620 21,572 202 242 194 31 121 57 232 193 142 27 Grayson Gregg Grimes Guadalupe Hale Hall Hamilton Hansford ... . 1,677 2,127 264 1,122 607 • 69 134 165 81 707 1,751 2,206 290 1,190 632 61 137 149 80 755 1,879 2,356 308 1,285 650 54 146 131 89 815 7.3 6.8 5.9 7.9 2.7 -10.7 6.4 -12.1 11.3 7.9 17,420 19,532 13,241 16,318 17,215 18,186 17,841 30,110 16,375 15,817 17,963 20,118 13,791 16,756 17,780 16,008 18,387 27,416 16,119 16,499 19,090 21,288 14,208 17,636 17,763 14,591 19,374 24,620 18,106 17,475 68 32 220 101 98 211 59 10 91 105 73,174 898 129 107 1,142 85 922 4,521 407 387 76,184 944 112 106 1,242 82 985 4,893 428 387 81,078 1,006 116 106 1,366 82 1,068 5,248 463 395 6.4 24,303 24,971 26,266 6.5 15,477 16,176 17,024 3.7 34,656 29,570 22,611 ,1 16,226 16,412 16,812 9.9 16,167 16,677 17,388 -.3 24,811 23,649 23,161 8.5 15,031 15,767 16,616 7.3 10,170 10,525 10,878 8.0 14,552 15,105 15,892 2.1 15,743 15,792 16,410 8 123 21 133 109 14 143 243 173 153 645 484 344 538 28 1,093 512 693 483 342 549 29 1,115 490 768 492 366 580 31 1,161 511 22,872 16,412 16,657 17,802 10,010 17,368 20,786 16 152 140 97 249 111 38 1995 8.2 13,651 14,498 15,291 2.5 12,971 13,353 13,403 3.7 14,957 16,09,9 16,417 5.8 13,301 14,057 14,600 8.3 14,758 15,489 15,987 3.5 10,895 11,605 11,948 6.6 20,898 21,983 23,107 .1 11,031 11,263 11,342 4.8 13,686 14,412 15,019 5.4 15,945 16,793 17,499 292 102 270 137 619 195 Per capita personal income3 Personal income 1993 1994 1995 Cameron Camp .. Carson Cass Castro Chambers „ Cherokee Childress Clay Cochran 3,259 196 134 437 217 359 646 103 152 83 3,476 199 117 464 194 387 677 102 156 86 3,682 205 128 495 233 424 728 109 171 79 Coke Coleman Collin Collingsworth Colorado Comal Comanche Concho Cooke Coryell . . . 51 139 8,151 64 325 1,196 224 44 503 787 56 140 9,027 56 340 1,328 231 46 534 851 37 65 67 115 32 •162 48,930 254 417 74 .......... Cottle Crane Crockett Crosby Culberson Dallam Dallas Dawson Deaf Smith Delta .. . Denton De Witt Dickens Dimmit Donley Duval Eastland Ector Edwards Ellis ... . .. ... . .. ... ......... Harris Hartley Haskell Hays Hemphill Henderson Hidalgo . . . Hill Hockley Hood Hopkins Houston Howard Hudspeth Hunt Hutchinson . 1994-95 5.9 2.9 9.4 6.7 19.8 9.5 7.5 7.1 9.6 -7.3 10.8 20,899 1.9 16,541 7.1 15,801 5.8 16,662 9.8 9,431 4.2 16,599 4.3 20581 21,781 16,297 15,596 16,929 9,812 16,903 19,653 SURVEY OF CURRENT BUSINESS J2 » September 1997 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Area name Millions of dollars 1993 Irion Jack Jackson Percent change2 30 110 256 31 113 284 503 33 4,640 70 522 1,687 239 157 954 406 535 31 4,759 71 536 1,791 244 167 1,039 449 570 32 5,014 74 573 1,934 261 178 1,127 502 Kenedy Kent Kerr Kimble King Kinney . Kieberg Knox Lamar Lamb 11 16 800 62 7 34 437 82 771 279 10 15 841 64 5 36 438 69 795 252 9 18 909 67 4 36 455 78 829 287 Lampasas La Salle ... Lavaca Lee Leon Liberty , Limestone Lipscomb Live Oak . Llano 223 60 311 219 205 860 324 63 151 223 232 61 321 226 222 928 328 60 154 237 250 62 340 239 233 996 343 65 160 253 Loving Lubbock Lynn McCulloch McLennan McMullen Madison Marion Martin Mason 3 4,100 126 131 3,297 18 160 133 85 53 3 4,330 109 134 3,474 17 162 140 76 52 3 4,590 110 145 3,734 16 173 147 73 53 Matagorda Maverick Medina Menard Midland Milam Mills Mitchell Montague Montgomery 603 326 437 35 2,769 363 73 117 280 4,250 626 363 465 39 2,904 364 74 122 293 4,653 658 381 518 38 Moore Morris Motley Nacogdoches Navarro Newton Nolan Nueces Ochiltree Oldham 359 194 27 825 641 169 235 5,274 188 51 317 198 22 877 673 182 250 5,561 180 52 350 211 21 919 715 195 265 5,855 175 45 Orange Palo Pinto Panola Parker Parmer Pecos Polk Potter Presidio Rains 1,364 386 329 1,222 270 168 555 1,801 71 97 1,437 403 342 1,301 221 177 605 "8 101 1,519 426 358 1,398 207 189 656 2,099 74 104 Randall Reagan Real Red River Reeves Refugio Roberts Robertson Rockwall Runnels 1,872 63 35 202 183 157 20 214 728 169 1,960 62 38 207 177 164 18 223 798 178 2,089 63 40 220 172 178 16 238 882 186 722 155 112 247 854 94 747 159 115 267 908 93 792 171 122 289 978 98 Jasper Jeff Davis Jefferson Jim Hogg Jim Wells Johnson Jones Karnes Kaufman Kendall Rusk Sabine San Augustine San Jacinto San Patricio San Saba See footnotes at end of table. Dollars 1994-95 1993 1995 1994 29 111 234 3 $ 77 124 309 5,152 1994 1995 75 167 37 15,775 16,114 18,924 13,662 13,467 16,593 13,350 12,813 17,005 23,994 16,593 14,777 19,463 13,979 13,729 17,086 13,466 13,495 17,810 24,218 17,488 15,577 20,459 14,460 14,482 17,944 14,087 14,252 18,752 25,944 104 183 40 215 213 94 222 218 77 9 24,132 16,889 20,914 14,752 21,160 10,703 14,271 17,326 17,136 18,910 22,413 15,528 21,427 15,465 13,420 11,001 14,317 14,922 17,756 16,945 21,773 19,927 22,548 16,225 13,604 10,554 15,034 17,114 18,404 19,251 25 47 22 160 226 245 198 119 85 61 15,440 9,937 16,697 16,228 15,606 15,280 15,473 20,887 15,158 18,575 15,219 10,170 17,184 16,323 16,300 15,879 15,721 20,465 15,216 18,993 15,083 10,248 18,147 16,957 16,743 16,056 16,437 21,506 15,752 19,911 197 247 89 126 136 168 151 29 179 48 28,032 18,027 18,954 15,568 16,963 22,910 13,876 13,161 16,845 15,267 24,007 18,776 16,332 15,826 17,528 20,785 14,077 13,825 15,053 14,747 22,942 19,783 16,778 16,984 18,674 19,875 14,598 14,312 14,494 14,889 15 51 134 124 81 49 210 217 212 203 15,674 7,717 14,204 15,318 24,627 15,596 15,611 15,063 16,123 19,927 16,197 8,312 14,630 16,618 25,474 15,379 15,748 14,073 16,555 20,839 17,160 8,428 15,114 15,738 26,853 16,009 16,257 13,709 17,316 22,001 117 252 195 180 6 170 158 223 113 24 18,855 14,733 19,217 14,910 15,882 12,290 14,515 17,264 21,825 22935 16,518 15,088 15,547 15,648 16,629 13,032 15,325 17,888 20,832 23,117 17,976 16,050 15,889 16,384 17,437 13,529 16,247 18,703 20,437 20,145 93 169 174 155 108 229 159 79 41 42 16,336 15,456 14,787 17,603 26,848 11,433 15,703 17,719 9,777 13,550 17,087 16,041 15,179 18,239 21,496 11,932 16,189 18,801 9,703 13,658 18,017 16,965 15,721 19,017 20,107 11,436 15,397 19,425 9,539 13,599 92 125 181 72 45 237 190 58 251 227 4.3 19,975 13,984 14,215 14,473 11,717 20,127 20,015 13,956 24,045 15,312 20,608 14,109 15,447 14,914 11,640 21,132 18,080 14,409 25,196 15,897 21,626 14,740 15,471 15,763 11,409 22,829 16,701 15,294 26,813 16,409 26 207 188 178 238 17 137 191 7 154 6.0 7.0 6.1 7.9 7.7 6.0 16,395 15,666 14,004 13,701 13,386 15,971 16,885 15,768 14,531 14,356 13,878 15,414 17,502 16,471 15,233 14,962 14,617 16,193 103 147 192 201 209 163 11.1 6.5 4.0 5.4 2.9 6.9 8.0 7.2 6.3 8.4 11.9 -.6 20.8 8.1 4.0 -7.9 -2.4 4.0 13.7 4.3 13.8 7.4 2.0 5.9 5.9 4.8 7.3 4.6 7.6 3.8 6.9 ^3.0 6.0 .6 8.2 7.5 -3.2 6.7 5.3 -3.4 3.1 5.2 5.0 11.4 -2.8 6.4 4.2 3.8 1.9 5.3 10.7 10.3 6.4 -3.5 4.8 6.2 7.3 6.3 5.3 -2.4 -13.2 5.7 5.8 4.8 7.4 -6.3 6.5 8.6 7.3 1.5 3.7 6.6 1.6 6.1 6.0 -2.8 8.0 -10.4 6.6 10.5 Area name 1993 Schleicher Scurry Shackelford Shelby 1994 Per capita personal income3 Percent change2 Millions of dollars 1995 17,678 18,237 18,883 16,203 15,944 16,069 17,474 18,827 20,886 2.5 2.3 Personal income Rank in State 1994-95 1995 Rank in State Dollars 1993 1994 1995 1995 41 277 •66 359 44 294 67 378 46 309 73 393 3.1 5.0 8.7 3.9 13,775 15,189 19,594 16,200 14,662 16,168 20,106 16,893 14,846 16,897 22,370 17,449 206 127 23 106 112 3,054 92 305 143 19 35 69 219 26,461 102 3,238 102 324 141 21 33 72 190 27,800 83 3,456 113 365 156 20 33 72 184 29,797 -18.5 6.7 40,552 19,357 16,182 6,378 16,270 12,724 17,462 16,349 25,684 21,401 35,456 20,245 17,827 6,426 15,719 13,733 16,626 16,891 22,105 22,076 29,190 21,253 19,141 6,992 16,172 13,294 17,384 16,211 21,344 23,266 2 33 66 254 164 231 110 162 30 13 2,117 24 239 43 410 1,754 13,540 169 256 482 2,153 26 232 37 426 1,845 14,651 180 269 511 2,299 24 244 36 455 1,958 15,968 189 290 543 6.8 6.7 6.1 9.0 5.3 7.7 6.3 17,407 17,220 18,618 23,681 16,720 17,553 21,395 14,185 14,065 14,550 17,720 19,154 18,181 20,484 17,330 18,247 22,523 14,718 14,376 15,244 18,708 18,393 18,621 19,568 18,284 19,231 23,843 15,400 14,470 15,805 78 86 82 56 88 62 11 189 214 177 walker ,!!Z!ZZIZ""!!!!"!!!I!!!! Waller Ward Washington Webb 66 342 474 591 1,513 656 401 178 529 1,730 69 348 491 637 1,594 693 422 187 563 1,885 69 374 513 684 1,700 737 456 193 606 1,966 .4 7.5 4.4 7.5 6.6 6.2 8.1 3.4 7.7 4.3 16,460 14,244 11,619 14,883 19,197 12,335 16,155 14,514 19,464 10,998 17,074 14,099 11,770 15,652 19,892 12,931 16,526 15,371 20,282 11,430 17,442 14,986 12,077 16,495 21,042 13,574 17,684 15,979 21,513 11,402 107 199 234 146 35 228 100 172 28 239 Wharton Wheeler Wichita Wilbarger Willacy Williamson Wilson Winkler Wise Wood 666 118 2,254 252 195 3,051 371 120 598 483 699 118 2,386 254 190 3,350 406 119 640 508 770 127 2,569 264 194 3,824 438 125 694 536 10.2 16,635 21,472 18,408 17,424 10,386 18,723 14,957 14,576 16,554 15,716 17,430 21,678 19,172 17,614 9,982 19,299 15,589 14,557 17,173 16,013 19,180 23,285 20,133 18,432 10,029 20,737 15,861 15,540 17,738 16,456 63 12 43 84 248 39 176 185 99 148 145 331 96 99 140 327 108 99 134 349 118 103 -4.5 6.7 8.7 3.3 16,773 16,446 16,098 18,782 18,578 19,698 9,331 10,210 10,840 8,108 8,082 8,293 166 53 244 253 30,499 24,389 6,110 32,937 26,367 6,570 35,574 28,524 7,050 8.0 8.2 7.3 16,363 17,212 18,166 16,887 17,748 18,842 14,561 15,350 15,863 Beaver , Box Elder Cache Carbon Daggett Davis Duchesne Emery Garfield Grand 66 622 1,102 309 10 3,266 180 133 52 104 66 644 1,172 323 1C 138 54 110 70 681 1,237 340 10 3,822 193 146 59 117 5.0 5.7 5.6 5.3 1.3 8.1 3.2 5.3 8.1 6.4 13,240 16,331 14,181 15,353 14,245 15,896 13,502 12,793 13,098 14,068 13,068 16,963 14,937 16,173 14,451 17,142 13,994 13,408 13,704 14,638 13,157 17,697 15,009 16,909 14,451 18,210 14,257 14,134 14,598 15,334 24 5 14 7 18 4 19 20 17 12 Iron Juab Kane Millard Morgan Piute Rich Salt Lake San Juan Sanpete 299 81 80 165 90 16 27 14,250 133 226 330 84 89 164 95 16 26 15,390 138 225 361 90 95 168 103 17 26 16,582 147 237 9.4 7.0 6.8 2.2 8.8 4.5 -.4 7.7 6.4 5.2 12,833 13,318 14,110 13,974 14,796 11,321 15,646 18,243 10,135 12,375 13,445 13,369 15,668 13,995 15,234 11,562 15,019 19,174 10,429 12,174 13,864 13,696 16,225 14,056 15,954 11,910 14,791 20,333 10,899 12,428 22 23 9 21 11 28 15 2 29 27 Sevier Summit Tooele Uintah Utah Wasatch Washington Wayne Weber. 220 521 427 283 3,895 163 856 26 2,898 234 607 443 298 4,248 178 1,000 27 3,104 245 695 474 309 4,691 196 1,100 29 3,335 5.1 6.6 7.4 13,519 26,102 15,234 11,760 13,736 14,815 14,351 11,636 17,201 14,252 28,675 15,673 12,442 14,063 15,833 15,681 12,157 18,375 14,661 30,545 16,490 12,690 15,099 16,997 16,004 12,597 19,392 16 1 8 25 13 6 10 26 3 Vermont 11,223 3,864 7,359 11,729 4,018 7,711 12,404 4,280 8,124 5.8 6.5 5.4 19,504 20200 21,212 21,053 21,518 22,687 18,779 19,575 20,509 588 743 613 777 642 818 4.7 5.3 17,107 17,691 18,418 20,774 21,595 22,571 Smith Somervell Starr Stephens Sterling Stonewall Sutton Swisher Tarrant ... Taylor Terrell Terry Throckmorton Titus Tom Green Travis Trinity Tyler Upshur Upton Uvalde Val Verde Van Zandt V^na Yoakum Young Zapata Zavala Utah Metropolitan portion Nonmetropolltan portion Nonmetropolltan portion" . Addison Bennington ... '187 10.8 12.6 10.9 -6.6 1.5 -.1 -3.4 7.2 -5.5 5.1 -4.2 7.4 7.7 3.9 1.8 14.1 7.8 4.8 8.4 5.5 14.7 7.1 3.6 10.4 10.4 10.0 9 3 SURVEY OF CURRENT BUSINESS September 1997 • 73 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Personal income Millions of dollars Area name Percent change2 1994 1994-95 1993 Caledonia Chittenden Essex . Franklin Grand Isle Lamoille Orange Orleans Rutland Washington Windham Windsor Virginia Metrooolltan oortion Nonmetropoliten portion 1995 459 472 499 3,054 3,180 3,394 87 86 89 56 6.7 3.3 699 111 388 440 386 723 115 402 465 405 764 122 429 489 429 5.7 6.1 6.6 5.1 5.9 1,175 1,096 861 1,136 1,226 1,159 900 1,205 1,298 1,225 954 1,253 5.8 5.7 6.0 4.0 Rank in State Dollars 1993 1994 1995 16535 23,029 13,276 16,847 20,058 19,291 17,227 16,332 17419 24,304 13,625 17,703 20,829 20,374 17,913 17,231 12 1 14 18,822 19,706 20,538 20,819 19,642 20,673 21,223 22,040 20,728 21,730 22,385 22,770 7 5 4 143,173 119,797 23,376 150,531 125,826 24,705 158,831 132.869 25,962 5.5 5.6 5.1 551 160 455 205 90 496 575 169 476 216 6,648 101 93 538 4.3 5.7 4.6 5.1 4.5 2.7 3.5 8.5 208 438 223 450 234 463 4.9 2.9 16,093 15,996 14,861 15,509 35,086 19,968 12,946 17,889 12,747 14,045 183 326 196 345 207 363 5.9 5.3 107 173 5,361 113 184 5,713 120 194 6,138 5.9 5.4 267 68 575 124 237 279 70 618 131 242 295 78 661 137 247 151 163 169 1,370 1,440 1,503 167 263 657 256 571 407 231 177 177 285 698 265 602 437 243 190 184 310 721 278 634 468 252 201 1,545 5,877 1,675 6,168 1,818 6,519 44 497 104 300 228 277 304 47 536 112 329 246 292 317 48 568 119 347 261 309 332 2,735 3,059 3,378 Louisa . Lunenberg Madison Mathews Mecklenburg Middlesex Nelson New Kent Northampton .., Northumberland 375 150 182 184 474 181 208 219 205 216 404 160 193 194 508 193 223 236 218 227 435 166 206 205 540 204 235 255 227 240 Nottoway Orange Page .. Patrick Powhatan Prince Edward Pulaski Rappahannock Richmond Russell 230 406 351 255 292 243 504 140 118 385 233 430 368 269 320 256 536 150 125 402 Scott .. Shenandoah Smyth Stafford Surry .. Sussex Tazewell Warren Westmoreland 318 566 501 2 22,113 22,983 24,010 23842 24,723 25,831 16,121 16,918 17,645 517 152 433 196 6,088 96 86 469 11 6 8 10 13 Accomack Amelia Amherst Appomattox Arlington Bath ... Bland . Botetourt Brunswick Buchanan Buckingham Caroline Charles City Charlotte Chesterfield Clarke Craig .. Culpeper Cumberland Dickenson Essex . Fauquier Floyd .. Fluvanna Franklin Giles .. Gloucester Goochland Grayson Greene Hanover Henrico Highland Isle of Wight King and Queen King George King William Lancaster Lee Loudoun See footnotes at end of table. 1,343 103 172 711 496 258 17,096 16,821 15,409 16,234 36,355 20,174 13,346 18,540 13,618 14,594 17,892 17,463 16,022 16,870 37,981 20,518 13,682 19630 14,283 15,148 62 71 85 76 2 32 104 39 102 95 99 73 1993 Wythe independent Cities: Alexandria Chesapeake Hampton Newport News Norfolk Portsmouth Richmond Roanoke Suffolk Virginia Beach Combination Areas:4 Albemarle + Charlottesville Allegheny, Clifton Frg. + Covington Augusta, Staunton + Waynesboro Bedford + Bedford City Campbell + Lynchburg Carroll + Galax Dinwiddie, Col. Hts. + Petersburg Fairfax, Fairfax City + Falls Church Frederick + Winchester Greensville + Emporia . Halifax + South Boston Henry + Martinsville James City + Williamsburg Montgomery + Radford Pittsylvania + Danville . Prince George + Hopewell Pr. William, Manassas + Manassas Park Roanoke + Salem Rockbridge, Buena Vista + Lexing- 7.1 5.2 1.9 13,937 15,903 16,229 14,382 23,251 22,101 14,733 19,466 15,904 13,369 14,090 16,690 16,947 15,119 24,277 22,941 15,187 20,733 16,778 13,709 14,544 17,221 17,620 15,855 25,641 23,734 16,291 20,979 17,645 14,012 12 15 83 29 64 103 3.9 4.4 3.8 9.0 3.3 5.0 5.4 7.2 3.6 5.6 16,609 26,888 13,438 18,012 15,796 15,612 17,671 26,451 14,225 14,552 17,813 28,141 14,082 18,734 16,583 16,232 18,491 27,373 14948 15,163 18,290 29295 14,465 19,270 16,785 16,993 19,074 28,687 15372 15,900 57 4 100 44 78 75 46 7 94 88 8.5 5.7 3.4 6.0 6.4 5.2 6.1 5.6 4.6 22,330 25,689 17,134 18,665 16,575 20,151 19,202 25,102 12,503 27,135 23,368 26,533 18,304 19,802 17,661 20,782 20,392 26,356 12,988 28,246 24,332 28,079 18,884 20,420 18,583 21,188 21,418 27,420 13,556 29,094 14 8 53 33 55 27 26 9 105 5 7.5 3.5 6.6 5.4 6.4 5.8 5.2 8.0 3.9 5.6 17,046 13,328 14,886 21,484 15,799 19,942 15,807 19,746 15,771 19,619 18,122 14,341 15,727 22,179 16,696 20,982 16,816 20,955 16,835 20,486 19,057 14,807 16,697 23,185 17,561 21,864 17,609 21,842 17,458 21,498 47 97 79 18 68 23 66 24 72 25 Franklin Garfield Grant ... Grays Harbor Island .. Jefferson King .... Kitsap . Kittitas .. Klickitat 244 452 388 283 346 272 563 159 131 421 4.9 5.0 5.4 5.2 8.7 6.2 5.0 6.0 4.5 4.8 15,119 17,815 15,694 14,459 16,764 13,332 14,669 20,169 15,887 13,269 15,258 18,364 16,404 15,188 17,607 13,921 15,638 21,552 15,204 13,841 16,036 18,893 17,139 15,810 18,250 14,616 16,451 22,384 15,446 14,441 84 52 74 90 58 98 82 22 93 101 Lewis .. Lincoln Mason. Okanogan Pacific . Pend Oreille Pierce . San Juan Skagit . Skamania 324 606 519 342 635 545 1,454 1,562 109 182 747 533 274 115 193 780 565 289 5.5 4.7 5.0 7.4 5.0 6.2 4.4 6.1 5.5 13,624 17,252 15,210 18,435 16,088 16,977 15,093 17,598 15,999 13,977 18,398 15,731 18,881 17,174 18,046 15,889 18,557 16,805 14,808 18,966 16,453 19,543 17,932 19,140 16,556 19,346 17,543 96 51 81 40 60 45 80 42 69 7.4 6.0 10.8 10.5 65 89 ton : Percent change2 Millions of dollars Area name 1995 16086 22,517 13,192 16,557 19,486 18,790 16,387 15,699 Per capita personal income3 Personal income Per capita personal income3 1994 1994-95 1995 1995 1995 461 6.3 15,669 16,548 17,562 67 4,040 3,253 2,379 3,095 4,249 1,773 5,269 2,058 4,527 3,734 2,529 3,351 4,500 1,815 5,727 2,237 1,095 9,641 6.4 7.4 3.4 4.8 3.7 2.3 5.1 6.4 35,289 18,759 17,150 17,509 16,959 16,998 26,393 21,343 17,841 20,830 37,172 19,141 17,583 17,840 17,922 17,090 27,516 21,911 18,767 21,609 39,081 19,874 18,221 18,703 19,056 17,772 28,961 23,409 19,324 22,433 1 37 59 54 48 63 6 17 8,841 4,255 3,477 2,445 3,196 4,339 1,774 5,449 2,102 1,030 9,238 2,732 412 1,842 1,086 2,204 487 1,446 30,280 1,357 2,843 422 1,937 1,169 2,298 517 1,528 31,643 1,464 3,000 457 2,034 1,238 2,413 545 1,581 33,179 1,570 5.5 230 249 260 4.6 24,482 16,804 18,370 19,183 19,175 14,388 18,900 33,818 18,851 13,656 25,223 17,442 19,154 20,006 19,964 15,210 19,955 34,835 19,891 14,897 26,357 19,044 19,910 21,033 20,847 15,905 20,399 36,090 20,960 15,447 539 574 590 1,320 1,163 1,302 1,793 1,357 1,236 1,388 1,865 1,404 1,319 1,457 1,965 2.8 3.5 6.8 901 966 7.2 15,382 18,677 23,995 15,144 16,972 17,809 15,624 19,350 24,835 15,929 17,930 19,052 91 41 13 856 14,554 18,136 23,174 14,339 16,395 16,878 5,790 2,491 6,128 2,609 6,501 2,801 6.1 7.3 21,235 21,994 22,951 23,728 24,575 26,482 19 10 569 44 6.0 15776 16759 17495 18,010 18,892 19,750 70 38 17,484 19,991 16,339 16,059 21,637 35 21 56 77 16 965 511 545 1,772 Southampton + Franklin Spotsylvania + Fredricksburg Washington + Bristol Wise + Norton York + Poquoson 447 491 523 1,734 1,073 1,914 1,141 2,102 1,214 Snohomish Spokane Stevens Thurston Wahkiakum Walla Walla Whatcom Whitman Yakima . . 1994 434 1,665 Adams Asotin .. Benton Chelan Clallam Clark .... Columbia Cowlitz . Douglas Ferry .... 1993 405 Rockingham + Harrisonburg Washington Metropolitan portion Nonmetropolitan portion Rank in State Dollars 1,878 6.3 4.4 8.3 5.0 5.9 5.0 5.4 3.5 4.9 7.2 5.0 5.3 43 20 11 50 36 28 31 87 34 3 30 92 86 61 49 706 716 742 1,333 1,431 1,536 6.6 9.8 6.4 3.6 7.3 115,769 99,695 16,074 121,549 104,862 16,687 129,159 111,435 17,725 6.3 6.3 6.2 22,010 22,715 23,709 22854 23,660 24,711 17,909 18,157 18,893 282 337 254 357 272 372 2,676 1,131 1,166 5,603 2,894 1,186 1,215 6,124 2,952 1,259 1,285 6,752 7.0 4.2 2.0 6.1 5.8 6.4 4.9 3.9 19,214 17,632 21,466 20,454 19,168 20,617 20,380 18,396 16,917 13,770 16,566 18,054 22,262 20,949 19,683 21,646 17,102 19,106 16,684 14,135 17,789 18,360 22,072 21,591 20,597 23,013 18,670 20,013 17,000 14,340 28 21 6 7 12 3 18 14 34 39 5.0 9.4 6.6 6.3 6.0 6.2 6.1 5.5 5.1 3.8 16,597 20,330 17,881 17,441 18,297 19,909 28,587 19,292 16,909 16,574 16,076 16,524 17,025 17,596 19,126 20,613 29,706 19,802 17,018 16,978 16,356 18,277 17,516 18,529 19,839 21,100 31,248 20,004 17,652 17,164 35 22 31 19 16 10 1 15 29 32 6.7 6.7 3.4 7.0 6.7 6.9 5.8 6.5 6.9 16,646 20,398 16,326 17,989 16,195 14,673 19,231 27,975 19,472 16,576 17,422 17,774 16,574 18,074 16,846 15,147 19,899 29,213 20,695 17,161 18,241 21,410 17,133 18,253 17,601 15,560 20,945 29,837 21,535 18,036 24 9 33 23 30 37 11 2 8 26 6.3 5.4 4.3 7.3 6.9 6.1 5.9 8.1 5.2 20,965 18,932 14,810 20,662 16,952 17,241 18,198 15,408 17,559 21,565 19,788 15,061 21,301 17,023 17,197 19,097 15,077 17,810 22,495 20,575 15,201 22,258 17,893 18,122 19,775 16,154 18,427 4 13 38 5 27 25 17 36 20 83 70 79 1,588 1,673 1,780 508 94 521 99 546 103 711 46 711 38 747 42 1,095 1,153 1,195 1,080 1,175 1,278 1,151 1,249 1,355 466 497 527 45,101 4,108 47,171 4,293 50,047 4,529 489 291 508 303 534 314 1,056 1,128 1,203 721 635 323 146 168 760 655 343 157 203 811 677 367 167 12,125 12,706 13,586 •189 314 335 354 1,743 1,901 2,024 145 154 164 10,784 7,409 11,313 7,849 12,020 8,271 516 549 573 3,791 3,996 4,288 59 900 62 911 66 967 2,593 2,789 2,953 596 587 635 3,599 3,738 3,934 10.3 12.1 20.8 19,190 21,195 17,362 16,317 22,409 20,006 22,430 18,298 16,863 23,418 Z™Z SURVEY OF CURRENT BUSINESS 74 * September 1997 Table 3.—Personal Income and Per Capita Personal Income by County, 1993-95—Continued Per capita personal income3 Personal income Area name Percent change2 Millions of dollars 1994-95 Dollars 1993 1994 1995 29,586 14,101 15,484 30,837 14,685 16,151 32,367 15,457 16,909 5.0 5.3 4.7 16,266 16,923 17,733 18.550 19,260 20255 14,626 15,242 15,920 199 1,146 410 172 431 1,889 91 114 89 698 204 1,214 435 187 448 1,975 94 121 92 739 2.1 6.0 5.9 9.0 3.8 4.6 2.6 6.0 3.3 5.8 12,152 16,925 14,475 12,537 15,458 18,802 11,347 10,483 11,827 13,691 12,334 17,527 15,624 12,979 16,139 19,451 11,550 11,229 12,313 14,442 12,542 18,228 16,545 13,997 16,733 20,421 11,854 11,737 12,546 15,098 50 11 22 37 20 DttJdndge Fayette 194 1,085 380 166 414 1,821 91 107 85 662 ,' Gilmer Grant Greenbrier Hampshire Hancock Hardy Harrison Jackson Jefferson Kanawha 101 170 576 228 638 185 1,208 385 699 4,368 103 176 585 241 661 199 1,266 414 749 4,540 105 186 612 254 692 212 1,318 434 800 4,788 1.7 5.7 4.6 5.0 4.6 6.3 4.1 4.8 6.8 5.5 13,539 15,742 16,196 12,772 18,266 16,266 17,125 14,561 18,305 21,058 13,845 16,088 16,442 13,317 18,991 17,377 17,900 15,531 19,257 21,982 14,346 16,766 17,133 13,791 19,935 18,269 18,592 16,012 20,321 23,270 34 19 17 40 6 10 9 25 5 1 Lewis Lincoln Logan McDowell Marion Marshall Mason Mercer Mineral Mingo . 243 238 611 393 903 564 359 1,094 391 497 247 254 645 395 958 579 377 1,129 407 508 257 263 670 408 1,028 606 396 1,176 428 522 4.1 3.8 3.9 3.3 7.3 4.8 4.8 4.2 5.3 2.8 13,945 10,800 14,202 11,695 15,541 15,068 14,188 16,786 14,448 14,684 14,114 11,579 15,056 11,970 16,524 15,549 14,880 17,380 14,907 15,005 14,579 11,893 15,825 12,590 17,789 16,573 15,408 18,178 15,644 15,606 33 52 27 47 13 21 30 12 28 29 Monongalia Monroe Morgan Nicholas Ohio Pendleton Pleasants Pocahontas Preston Putnam 1,421 169 196 357 1,059 127 122 137 396 832 1,495 170 204 372 1,076 135 128 143 406 894 1,553 176 215 383 1,126 142 133 145 420 956 3.9 3.3 5.3 3.0 4.6 4.5 4.0 18 7.0 18,302 13,204 15,229 13,069 21,028 15,948 16,299 15166 13[368 17,830 19,198 13,124 15,716 13,602 21,473 16,831 17,082 15586 13',571 18,638 19,874 13,540 16,206 13,917 22,588 17,400 17,703 15903 K030 19,580 7 42 24 38 2 16 15 26 35 8 Raleigh Randolph Ritchie Roane Summers Taylor , Tucker Tyler Upshur Wayne 1,227 430 132 184 168 187 109 129 301 554 1,288 446 134 193 171 195 111 133 309 568 1,388 468 138 200 176 201 115 141 323 589 7.8 5.0 2.6 3.8 3.2 3.2 3.1 6.0 4.9 3.8 15,773 15,013 12,976 12,191 11,872 12,218 13,960 13,019 12,763 13,041 16,506 15,552 13,060 12,670 12,193 12,720 14,151 13,295 13,062 13,410 17,705 16,247 13,466 13,030 12,555 13,040 14,703 14,019 13,661 13,857 14 23 43 46 48 45 32 36 41 39 Webster Wetzel Wirt Wood Wyoming 113 300 63 1,677 340 116 308 66 1,745 358 121 320 69 1,834 369 4.3 4.0 5.4 5.1 3.1 10,646 15,697 11,778 19,075 11,878 11,091 16,303 12,056 19,816 12,564 11,583 17,002 12,535 20,831 13,087 55 18 51 3 44 101,778 74,631 27,147 107,543 78,855 28,687 114,145 83,880 30,265 6.1 6.4 5.5 20,173 21,151 22,285 21,749 22836 24,147 16,820 1/585 18,360 Adams Ashland Barron Bayfield , Brown Buffalo Burnett Calumet Chippewa Clark 218 250 642 216 4,349 229 201 669 898 457 232 265 681 225 4,622 237 217 722 944 475 243 283 716 239 4,936 247 232 790 1,002 497 4.9 7.0 5.2 6.3 6.8 4.3 6.8 9.5 6.1 4.7 13,056 15,091 15,251 14,855 21,236 16,611 14,731 18,596 16,720 14,163 13,901 17,101 16,628 16,022 23,429 17,680 16,368 21,271 18,531 15,226 72 43 46 58 8 39 54 16 33 68 Columbia Crawford Dane Dodge Door Douglas Dunn Eau Claire Florence Fond du Lac 877 236 9,206 1,279 505 695 549 1,542 72 1,861 930 248 9,765 1,362 522 725 586 1,640 76 1,979 976 262 10,391 1,443 556 764 630 1,751 82 2,082 4.9 5.7 6.4 5.9 6.6 5.3 7.6 6.8 8.0 5.2 18,414 19,102 19,788 14,559 15,188 15,821 25,032 26,449 16,212 17,192 18,111 19,262 19,783 20,820 16,181 16,886 17,809 14,735 15,565 16,559 17,644 18,658 19,828 14,223 14,607 15,538 20,153 21,274 22,247 29 60 3 34 19 35 49 28 66 13 West Virginia ... Metropolitan portion Nonmetropolitan portion Barbour Berkeley Boone Braxton Brooke Cabell Calhoun Wisconsin Metropolitan portion Nonmetropolitan portion 3.5 1993 1994 13,428 15,994 16,008 15,286 22,267 17,072 15,651 19,641 17,502 14,630 1995 1. The personal income level shown for the United States is derived as the sum of the county 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 temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. 2. Percent change was calculated from unrounded data. 3. Per capita personal income reflects Census Bureau county population of March 1997, with the following exceptions: The 1991-94 population estimates for the United States, Utah, and Cache, UT, have been adjusted by BEA for consistency with a special upward adjustment made by the Census Bureau to its 1995 estimate for Cache Coun- Area name Percent change2 Millions of dollars 1993 1995 53 54 49 31 Per capita personal income3 Personal income Rank in State 1994 1994-95 1993 1995 Rank in State Dollars 1994 1995 1995 145 827 648 388 357 107 286 1,456 384 2,948 7.7 33 1.9 4.8 2.2 8.1 5.0 6.4 6.0 7.2 13,432 14,407 15,439 67 328 97 257 1,304 346 2,597 135 800 636 370 349 99 273 1,369 362 2,751 15,534 18711 18,438 15,615 15,175 15,221 18,572 15,267 19,092 16123 19£85 19,237 16,423 15,270 16,054 19,065 15,653 19,990 16729 19^939 20,030 16,483 16,474 16,605 19,965 16,401 21,117 45 27 25 51 52 47 26 53 17 Kewaunee La Crosse Lafayette Langlade Lincoln Manitowoc Marathon Marinette Marquette Menominee 315 1,979 231 313 451 1,485 2,247 690 197 70 328 2,076 244 329 473 1,593 2,370 707 208 74 345 2,183 249 338 509 1,674 2,530 750 220 78 5.2 5.1 2.1 2.8 7.7 5.0 6.8 6.1 5.6 6.1 16,376 19,723 14,323 15,603 15,879 18,154 18,772 16,594 14,781 16,497 17,021 20,522 15,052 16,203 16,402 19,421 19,689 16,774 15,316 16,791 17,807 21,449 15,087 16,509 17,523 20,303 20,902 17,603 15,690 17,271 36 15 69 50 41 22 18 40 63 42 Milwaukee Monroe Oconto Oneida Outagamie Ozaukee ... Pepin Pierce Polk Portage 20,290 570 461 629 3,060 2,276 110 603 585 1,091 21,020 601 483 673 3,276 2,443 110 638 620 1,155 22,110 625 508 713 3,494 2,618 118 680 660 1,214 5.2 4.1 5.1 6.0 6.7 7.1 7.0 6.6 6.5 5.1 21,470 14,985 14,717 18,505 20,976 29,559 15,579 17,798 16,149 17,197 22,447 15,663 15,184 19,508 22,060 31,192 15,470 18,664 16,884 18,071 23,822 16,210 15,728 20,398 23,180 33,008 16,601 19,638 17,702 18,757 5 56 62 21 9 1 48 30 38 32 Price Racine Richland Rock Rusk St. Croix Sauk Sawyer Shawano Shebovoan unetA/yvjan 272 3,849 255 2,831 202 1,131 912 217 541 2,188 283 4,073 269 3,018 209 1,222 972 241 566 2,314 302 4,327 280 3,247 225 1,296 1,029 257 597 2,456 6.7 6.2 4.2 7.6 7.7 6.0 5.9 6.6 5.5 6.2 17,269 21,217 14,355 19,580 13,317 21,261 18,383 14,478 14,366 20,589 17,906 22,275 15,054 20,635 13,725 22,673 19,288 15,760 14,928 21,526 19,057 23,498 15,670 21,865 14,717 23,629 20,064 16,351 15,595 22560 31 7 64 14 70 6 24 55 65 12 282 401 355 308 441 387 362 1,692 240 2,753 10,216 998 333 4.0 6.6 4.0 7.9 6.6 6.0 8.4 7.3 6.3 4.3 14,654 15,605 13,356 16,445 18,803 14,733 22444 27,245 18,214 14,869 15,339 16,036 13,891 16,992 19,643 15,368 23,662 28,634 19,275 15,368 15,968 17,015 14,302 17,779 20,641 16,066 25,148 30,207 20,245 15,816 59 44 71 37 20 57 4 2 23 61 10 11 Forest Grant Green Green Lake Iowa Iron Jackson Jefferson Juneau Kenosha 124 769 591 .352 Taylor Trempealeau Vernon Vilas Walworth Washburn Washington Waukesha , Waupaca . Waushara 1,486 213 2,350 8,863 881 302 296 414 372 335 1,587 226 2,539 9,517 939 319 Winnebago Wood 3,006 1,554 3,180 1,638 3,387 1,728 6.5 5.5 20,487 21,615 22,819 20,605 21,639 22,731 9,208 2,984 6,224 9,505 3,066 6,439 9,925 3,214 6,711 4.4 4.8 4.2 19,606 19,979 20,712 21,345 21,592 22569 18,869 19,292 19,927 Albany ... Big Horn . Campbell Carbon Converse Crook Fremont Goshen Hot Springs Johnson 508 154 596 306 199 120 536 226 87 122 531 153 642 308 201 114 564 218 85 125 553 162 672 318 206 119 598 217 86 128 4.3 6.1 4.7 3.1 2.8 4.5 5.9 -.2 1.0 2.0 16,346 14,418 19,476 18,862 17,279 22,112 15,427 17,937 18,802 19,293 17,103 14,055 20,764 19,149 17,335 20,169 16,061 17,261 18,112 19,254 17,920 14,550 21,325 19,750 17,455 21,000 16,750 17,202 18,626 19,278 18 7 21 20 15 12 Laramie Lincoln Natrona Niobrara Park Platte Sheridan Sublette Sweetwater Teton 1,570 212 1,414 49 457 151 523 108 798 472 1,597 217 1,469 46 488 152 543 109 849 482 1,664 226 1,550 49 510 156 563 111 871 523 4.2 4.0 5.5 5.0 4.5 2.0 3.8 2.4 2.7 8.5 20,420 16,013 22,476 19,252 18,834 18,528 21,418 20,847 19,639 36,731 20,458 15,911 22,978 18,192 19,536 18,383 21,910 20,145 20,860 36,737 21,201 16,227 24,248 18,712 20,111 18,686 22,502 20,221 21,392 39,134 6 22 2 13 10 14 3 9 4 1 322 147 131 334 150 129 350 160 134 4.6 6.5 3.9 16,310 16,569 17,342 17,251 17,525 18,561 20,217 19,673 20,478 19 16 8 Wyoming Metropolitan portion Nonmetropolitan portion Uinta Washakie Weston '313 ziz 17 23 5 1995 population estimates for Yuma, AZ; DeSoto LA; Dorchester, SC; and Montgomery, TN. For these counties, the estimates of per capita personal income-in this table are discontinuous between 1994 and 1995. Adjustments to provide historical continuity for 1991-94 for the States and the Nation will be incorporated in the release of State per capita personal income in September 1997 and, for local areas, in the release of local area per capita personal income in the spring of 1998. 4. Virginia combination areas consist of one or two independent cities with populations of less than 100,000 combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates for the jurisdictions making up the combination areas are not available. September 1997 SURVEY OF CURRENT BUSINESS 75 Foreign Direct Investment in the United States: Detail for Historical-Cost Position and Related Capital and Income Flows, 1996 THE FOLLOWING TABLES present detailed estimates of the foreign direct investment position in the United States on a historical-cost, or book-value, basis and of the related capital and income flows. These tables supplement an article in the July 1997 SURVEY OF CURRENT BUSINESS that summarized developments in the direct investment positions at historical cost in 1996.1 The estimates for 1996 are preliminary; those for 1992-95 are revised. The estimates in tables 3-18 differ in two respects from those for comparable items in the international investment position of the United States and in the U.S0 international transactions accounts.2 Firsts the estimates in tables 3-18 are on a historical-cost basis, which is the only basis on which detailed estimates by country and industry are available; in contrast, the aggregate estimates of the direct investment position that are included in the international investment position of the United States are presented on both a current-cost and a market-value basis, and the aggregate estimates of direct investment income and capital flows in the U.S. international transactions accounts are presented on a current-cost basis. Second, the estimates of direct investment income and services in tables 3-18, unlike those in the U.S. international transactions accounts, are net (after deduction) of U.S. and foreign withholding taxes; estimates gross of withholding taxes are not available by country or by industry Table i presents the total foreign direct investment position in the United States and a comparable rate of return on the position on all three valuation bases (historical cost, current cost, and market value); table 2 presents a reconciliation of the estimates 1. See "Direct Investment Positions for 1996: Country and Industry Detail," SURVEY OF CURRENT BUSINESS 77 (July 1997): 34-41. 2. In the July 1997 SURVEY, see "The International Investment Position of the United States in 1996" (pages 24-33) and "U.S. International Transactions, First Quarter 1997" (pages 56-99). in tables 3-18 with those in the U.S. international transactions accounts. The estimates for 1992 forward incorporate two changes from those published in September 1996. First, the estimates have been revised to reflect the results of the 1992 benchmark survey of foreign direct investment in the United States; the estimates published last September were linked to the 1987 benchmark survey, For a discussion of the revisions to the estimates, see the technical note that follows. Second, the estimates reflect a change in industry groupingSo The industry that was previously designated "banking" is now designated "depository institutions" and now includes savings institutions and credit unions as well as banks, and the industry that was previously designated "finance, except banking" is now designated "finance, except depository institutions," Technical Note The estimates of the foreign direct investment position for 1992-95 and the estimates of capital flows, income, royalties and license fees, and charges for other services for 1992-96 have been revised to incorporate the results of BEA'S 1992 benchmark survey of General Notes to the Tables • Detail may not add to totals, because of rounding. • An asterisk "(*)" indicates a value between -$500,000 and $500,000. • A "(D)" indicates that the data in the cell have been suppressed to avoid disclosure of data of individual companies. • The European Union (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom. Acknowledgements The survey from which the data for the foreign direct investment position in the United States and the related capital and income flows were drawn was conducted under the supervision of Gregory G. Fouch, assisted by Peter J. Fox, Nancy F. Halvorson, Tracy K. Leigh, Beverly E. Palmer, and Linden L. Webber. Karen E. PorTei programmed the tables. Sylvia E. Bargas wrote the technical note. • The European Union (15) comprises the European Union (12) and the three countries—Austria, Finland, and Sweden—that joined the Union in 1995. • OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. In 1992, it also included Ecuador. j6 « September 1997 SURVEY OF CURRENT BUSINESS foreign direct investment in the United States (FDIUS); previously, these estimates were linked to the 1987 benchmark survey; The revisions to the estimates for 1993 forward also reflect the incorporation of new or revised data from BEA'S quarterly and annual surveys Of FDIUS, Benchmark surveys are normally conducted every 5 years and cover virtually the entire universe (in terms of value) of U.S. affiliates of foreign direct investors.3 In the 1992 survey, reports were required from affiliates that had total assets, sales, or net income (or loss) greater than $1 million in their 1992 fiscal year. These affiliates accounted for only about 70 percent of the number of all U.S. affiliates, but they accounted for virtually all of the assets and sales of all U.S. affiliates in 1992.4 To reduce the reporting burden, a sample survey, conducted quarterly, is the basis for estimates of the direct investment position and balance of payments flows in nonbenchmark years. The sample survey collects data both on existing affiliates and on affiliates that have entered or exited the direct investment universe since the most recent benchmark survey. For affiliates that report in the benchmark survey but are not required to report in the sample survey, the data from the benchmark survey are extrapolated based on movements in the data for affiliates that reported on the sample survey. Benchmarking the 1992 quarterly survey data The benchmarking procedure consisted of a series of steps that mainly compare the data reported in the quarterly sample survey of FDIUS with the data reported in the 1992 benchmark survey. First, for affiliates that reported in both surveys, the data from the 1992 quarterly surveys were reconciled with the data from the 1992 benchmark survey. Significant discrepancies were investigated and resolved, usually in favor of the benchmark survey data, which are generally considered more accurate because they were reported later than the quarterly survey data. Additionally, because the benchmark survey data are more comprehensive, they can be more thoroughly edited and cross-checked. As part of this reconciliation process, the benchmark survey data were adjusted from a fiscal year basis to a calendar year basis—that is, from the basis on which the data were reported to the basis on which the U.S. international transactions accounts and the 3. A U.S. affiliate is a U.S. business enterprise in which a single foreign investor owns at least 10 percent of the voting securities, or the equivalent. 4. Affiliates that were exempt from reporting in the benchmark survey had to file an exemption claim on which they reported the value of their total assets, sales, and net income. Of the universe of 18,223 U.S. affiliates, 12,672 were required to report, and 5,551 were exempt. For a detailed description of the methodology underlying FDIUS statistics, including basic concepts and definitions, see U.S. Department of Commerce, Bureau of Economic Analysis, Foreign Direct Investment in the United States: 1992 Benchmark Survey, Final Results (Washington, DC: U.S. Government Printing Office, September 1995); see the inside back cover of this issue for order information. international investment position of the United States are compiled. For about two-thirds of the affiliates, the fiscal year coincided with the calendar year, so no adjustment was necessary.5 For affiliates whose fiscal year did not coincide with the calendar year but who reported on both the quarterly survey and the benchmark survey, the sum of the quarterly survey data for the four quarters of the affiliate's 1992 fiscal year was reconciled with the fiscal year 1992 total reported in the benchmark survey. The calendar year estimates for these affiliates were derived as the sum of the reconciled quarterly data for the quarters that fell in both fiscal and calendar year 1992 and of the data from the quarterly survey for the calendar quarters not covered by the benchmark survey. Next, data were removed from the quarterly estimates for any affiliates that the benchmark survey indicated had either left the universe or been consolidated into other affiliates since the 1987 benchmark survey (and whose exit or consolidation had not already been captured by BEA'S quarterly and annual surveys). Finally, the data for affiliates that reported in the benchmark survey but not in the quarterly and annual surveys were added to the quarterly estimates. The procedure used for adding the data depended on the item being estimated. For equity capital flows, intercompany debt flows, interest, royalties and license fees, and charges for other services, the data from the benchmark survey for fiscal year 1992 were used as the estimates for calendar year 1992 and were distributed evenly among the four calendar quarters of the yean For earnings and related items, the fiscal year data from the benchmark survey were distributed among the four calendar quarters on the basis of the quarterly pattern of earnings for affiliates that were reported on both surveys—adjusted for outliers—within selected major industry sectors. Revisions to the estimates Reflecting a variety of procedures designed to keep the estimates up to date, the revisions to the estimates of the position were small for all of the years 1992-95. The previously published estimates had been kept up to date not only by incorporating data reported on the quarterly survey, but also by incorporating information from the annual survey of FDIUS and the survey of U.S. businesses newly acquired or established by foreign direct investors. In addition, estimates were made of the unreported equity capital flows of U.S. affiliates that were late in filing their quarterly survey reports or that were exempt from reporting on the quarterly survey.6 Finally, some information, mainly 5. The fiscal year data for the direct investment position, capital flows, income, royalties and license fees, and charges for other services were published in Foreign Direct Investment in the United States: 1992 Benchmark Survey, Final Results. 6. For information on the estimates of unreported equity capital flows, see "U.S. International Transactions, Revised Estimates for 1983-92," SURVEY SURVEY OF CURRENT BUSINESS for larger affiliates, from the benchmark survey had already been incorporated in previous revisions to the estimates. September 1997 • 77 investment position in incorporated banking affiliates; however, for unincorporated banking affiliates prior to the 1992 benchmark survey, loan loss reserves were not separately reported and tended to be included in reports as an indistinguishable component of permanent invested capital. Questions added to the 1992 benchmark survey—and, subsequently, to the quarterly surveys—provided information necessary to identify these reserves so that they can be excluded from the direct investment position. Estimates for 1992,—Table A compares the revised estimates for 1992 with the previously published estimates, which were linked to the 1987 benchmark survey The direct investment position on a historical cost basis is revised down $4.4 billion, to $423.1 billion. Capital inflows are revised up $0.3 billion, to $19.2 billion, and income is essentially unrevised at $14 billion. Net payments for royalties and license fees are revised up $0.1 billion, and net receipts for other services are revised up $0.3 billion. The downward revision of $4.4 billion, or i percent, to the position is more than accounted for by a recalculation of permanent invested capital in unincorporated banking affiliates. For these affiliates, $7.0 billion in accumulated loan loss reserves were removed from the position. Conceptually, direct investment positions in banking affiliates should include only the direct investors' permanent invested capital. Loan loss reserves are not considered permanent invested capital and have been excluded from the direct The capital flows resulting from period-to-period changes in the loan loss reserves of unincorporated banking affiliates were also removed; for 1992, this change resulted in a downward revision to capital inflows of $2.3 billion. The revisions resulting from the removal of these reserves from the estimates of both the position and capital flows were concentrated among affiliates of Japanese parents. Other revisions to the estimates reflected a small expansion of the identified universe of U.S. affiliates of foreign direct investors. In the aggregate, the amounts added for affiliates that were reported for the first time in the benchmark survey were slightly greater than the amounts removed for affiliates that were identified as having left the universe. 73 (June 1993): 61; and "U.S. International Transactions, First Quarter 1992 and Revised Estimates for 1976-91," SURVEY 72 (June 1992): 75-76. Table A.—Comparison of Previously Published and Revised Estimates for 1992 [Millions of dollars] Direct investment position on historical-cost basis Royalties and license fees, net Charges for other services, net Income Capital inflows Previously Revised Difference Previously Revised Difference Previously Revised Difference Previously Revised Difference Previously Revised Difference published published published published published AH areas Petroleum Manufacturing Wholesale trade Other Canada Petroleum Manufacturing . Wholesale trade Other Europe Petroleum Manufacturing Wholesale trade . Other Of which: Netherlands Petroleum Manufacturing Wholesale trade Other United Kingdom Petroleum Manufacturing Wholesale trade Other Japan Petroleum Manufacturing Wholesale trade . Other Other Petroleum Manufacturing Wholesale trade Other 427,566 37,555 158,873 57,515 173,622 37,843 2,443 15,598 1,695 18,107 255,570 29,167 115,215 20,335 90,852 . . . 423,131 34,746 160,360 59,777 168,248 37,515 2,404 15,757 1,705 17,649 249,904 25,458 116,132 22,506 85,809 69,191 11,590 22,793 4,493 30,315 90,931 11,080 40,818 4,394 34,640 99,628 17 18,784 32,992 47,836 34,525 5,928 9,276 2,494 16,827 69,107 11,349 21,480 6,091 30,187 86,587 10,999 40,195 3,905 31,486 97,769 47 18,781 33,095 45,846 37,942 6,837 9,690 2,471 18,944 * Less than $600,000 (±). D Suppressed to avoid disclosure of data of individual companies. -4,435 -2,809 1,487 2,262 -5,374 -328 -39 159 10 -458 -5,665 -<3,709 916 2,171 -5,043 -84 -242 -1,313 1,598 -128 -4,346 -80 -622 -488 -3,154 -1,859 30 103 -1,990 3,417 909 414 -23 2,117 7,533 1,795 10,342 1,335 19,222 -1,326 7,651 3,580 9,315 2,002 -376 -231 1,849 -52 -86 8,105 1,881 -56 407 9,181 118 1,786 -1,027 667 144 32 -3 493 1,075 -167 -605 -439 3,826 5,278 4,246 954 4,586 2,709 2,627 -258 -059 -203 -100 -503 419 2,770 -1,598 -1,564 1,593 1,046 18,885 -784 -833 300 -627 3,294 -1,077 -1,595 1,567 -756 -294 -615 5,871 -1,012 4,245 -150 -142 637 2,219 3,165 3,574 -92 1,221 461 1,985 453 2,389 1,546 3,794 ^47 1,071 293 2,776 336 -541 1,409 412 3,715 1,401 635 3,692 -444 -119 -2,273 597 -37 791 -2,808 441 76 821 -178 -170 -286 420 1,787 22 5,002 1,113 4,056 92 5,382 1,186 4,100 351 -692 -258 -255 1,524 443 703 364 14 4,916 462 3,903 -59 609 -2,134 -43 1,534 451 631 415 37 4,972 589 3,798 -69 654 -2,586 -82 -524 -521 30 26 141 -718 -1,625 7 -184 -958 -106 -8 224 -23 326 -535 -156 114 30 8 '543 P) -40 2 14 71 P) 78 -1 P) -4 1,771 21 1,546 83 121 1,855 P) 1,634 75 P) 11 9 -72 51 23 56 127 228 0 156 237 0 147 8 0 -9 8 8 -105 -10 45 -452 -207 21 P) 221 -1,027 -2,057 -1,836 -255 -150 -168 -621 -173 -252 -215 5 fl 37 -1,010 P) P) 8 a 561 0 160 460 -59 -14 0 -14 883 P) 864 P) 47 564 -2 153 474 -61 -26 0 -17 8 8 888 & 8 -1,766 -2,059 -746 -711 158 -829 -350 232 -207 380 72 45 259 3 170 -1,619 220 791 2,353 -4 -1 84 P) 88 -8 P) -308 P) '-85 2,282 22 1,705 544 10 -37 2 13 -5 -1 3 2 -8 3 -2 -8 14 -2 -12 0 -3 -2 -6 120 65 254 -677 -216 215 -418 -258 310 P) 216 6 P) -394 4* -21 P) -880 -606 -863 224 -202 141 24 261 -659 -223 199 -170 -464 235 -501 -19 P) -1,132 -432 P) -492 -328 -80 12 -45 35 222 -513 -8 5 22 -41 7 18 -7 -16 248 -206 -75 6 P) 5 -96 -487 -302 -293 120 43 -28 P) -107 6 -3 1 -112 -252 5 55 P) -51 10 -40 P) September 1997 SURVEY OF CURRENT BUSINESS Estimates for 1993 forward.—For 1993 forwards universe estimates of the direct investment position and balance of payments flows are generally derived from (i) data reported in the quarterly surveys for a sample of the affiliates that were reported in the 1992 benchmark survey, (2) data reported in the quarterly surveys for affiliates that entered the direct investment universe since the 1992 benchmark survey and that met the reporting criteria for the quarterly survey, and (3) estimates for affiliates that were not reported in the quarterly surveys. Conceptually, the estimates of the direct investment position and the balance of payments flows cover the affiliate universe. In an effort to ensure coverage that is as complete as that in the 1992 benchmark survey, estimates are prepared for affiliates that reported in the 1992 benchmark survey but that did not report in the quarterly surveys, either because they were exempt or because they should have reported but did not8 The estimates for these affiliates are derived by extrapolating the data previously reported by them—either in the benchmark survey or in BEA'S survey of U.S. businesses newly acquired or established by foreign direct investors—based on movements in the data reported in the subsequent quarters by a matched sample of affiliates. Then, to obtain the universe estimates, the estimates for these affiliates are added to the data for the affiliates that reported. This procedure is applied to all data items except intercompany debt flows; the estimates of these flows are derived as the change in the sample data for the intercompany debt positions reported in the quarterly surveys, supplemented in some cases with data from the annual survey of FDIUS. These flows are highly volatile and are subject to large revisions, but in the past, BEA has been unable to identify, and therefore to correct for, any systematic bias in these estimates. The revisions to the estimates of the position for 1993-95 and of balance of payments flows for 1993-96 reflected the removal of loan loss reserves from the positions and the capital flows of unincorporated banking affiliates and the small expansion of the identified universe. The revisions also reflected the inclusion of late and revised reports from the quarterly sample survey and information obtained from the annual survey. Both the position and capital inflows were revised up for 1993, down for 1994, and up for 1995. Income for all 3 years was revised up; the revisions were largely in earnings. Tables i through 18 follow. H SURVEY OF CURRENT BUSINESS September 1997 • 79 Table 1.—Alternative Position and Rate-of-Return Estimates for Foreign Direct Investment in the United States, 1994-96 Millions of dollars Changes in1995 (decrease (-)) Valuation method Historical cost.. Current cost.. Market value .., Position at yearend 1994 Changes in 1996 (decrease (-)) Attributable to: Total Capital inflows 64,311 69,532 258,256 584,970 773,726 69,414 67,526 67,526 Position at yearend 1995 Valuation adjustments -5,103 2,006 190,730 Capital inflows 69,195 74,550 221,661 560,850 654,502 1,031,981 Valuation adjustments -9,633 -2,405 144,706 76,955 76,955 Direct investment income 21,470 20,154 8,460 1994 34,004 32,132 32,015 32,233 30,345 33,388 Rate of return Direct investment position at yearend 1995 Historical cost1 2 Current cost3 .. Market value . 467,412 550,862 768,398 630,045 729,052 1,253,642 Percent Millions of dollars Valuation method Position at yearend 1996 Attributable to: Total 1994 1995 560,850 654,502 1,031,981 496,539 584,970 773,726 1995 630,045 729,052 1,253,642 5.7 4.6 2.8 1. On a historical-cost basis, direct investment income excludes capital gains and losses and is computed without a current-cost adjustment to earnings; it equals the sum of lines 9 and 14 of table 2. The rate of return based on historical cost equals this measure of income divided by the average of the beginning- and end-of-year historicalcost direct investment positions. In accordance with international guidelines, this measure of income, like the other measures shown in this table, is recorded gross (before deduction) of U.S. and foreign withholding taxes on distributed earnings and interest. However, it differs from the measure disaggregated by country and industry in subsequent tables, which is recorded net (after deduction) of withholding taxes, because withholding tax data are not available by country or industry. 2. On a current-cost basis, direct investment income excludes capital gains and losses and includes a currentcost adjustment to earnings; the latter adjusts depreciation, depletion, and expensed exploration and development costs to reflect current-period prices, and to more closely align income earned in a given period with charges against income in the same period, as required for the national and international economic accounts. Income on a currentcost basis equals line 1 of table 2. The rate of return based on current cost equals this measure of income divided by the average of the beginning- and end-of-year current-cost direct investment positions. 3. On a market-value basis, direct investment income measures financial return to investors; thus, it includes capital gains and losses but excludes the current-cost adjustment, which is an economic accounting adjustment, and currency translation adjustments, which in company financial statements are taken directly to an equity account, without passing through the income statement. It is derived as line 1 minus line 8 of table 2, plus the part of the total in column 11 of table 5 that represents capital gains and losses ot than currency translation adjustments. The rate of return based on market value equals this measure of income divided by the average of the beginningand end-of-year direct investment positions at market value. Table 2,—Foreign Direct Investment In the United States: Reconciliation With International Transactions Accounts Table 3.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis [Millions of dollars] Line 1 Income with current-cost adjustment, before deduction of withholding taxes (IT table 1, line 2®, with sign reversed) 2 Earnings 3 Distributed earnings 4 Reinvested earnings Interest net 5 6 U.S. affiliates' payments ....... 7 U S affiliates' receipts 8 Less: Current-cost adjustment to earnings 9 Low, Withholding taxes, net 10 On distributed earnings On interest, net 11 12 On U.S. affiliates' payments 13 On U S affiliates' receipts 14 Equals: Income without current-cost adjustment, after deduction of withholding taxes (shown In the accompanying tables) 15 Capital Inflows with current-cost adjustment (IT table 1 line 57) Equity capital 16 17 Increases in equity capital 18 Decreases in equity capital 19 Reinvested earnings (line 4) Intercompany debt 20 21 U S affiliates' payables 22 U.S. affiliates' receivables 23 Loss-. Current-cost adjustment (line 8) 24 Equals: Capital Inflows without current-cost adjustment (shown In the accompanylno tabtes) 25 Equity capital (fine 16) 26 Reinvested earnings without current-cost adjustment (line 19 less line 23) 27 Intercompany debt (line 20) 28 Royalties and license fees, before deduction of withholding taxes, net 29 U.S. affiliates' payments (IT table 1, part of line 22, with sign, reversed) .. .... 30 U.S. affiliates' receipts (IT table 1, part of line 8) 31 Less: Withholding taxes, net 32 On U.S. affiliates' payments 33 On U S affiliates' receipts 34 Equals: Royalties and license fees, after deduction of withholding 35 36 37 38 39 [Millions of dollars] 1994 U S affiliates' payments U.S. affiliates' receipts Charges for other services, not1 U.S. affiliates' payments (IT table 1, part of line 23, with sign, reversed; also shown in the accompanying tables) U.S. affiliates' receipts (IT table 1, part of line 9, also shown in the accomDanvina tables) 1995 20,154 12,812 10,271 2,541 7,342 10,097 2,755 30,345 22,080 12,254 9,826 8,265 12,546 4,281 32,132 24,211 12,024 12,187 7,921 13,220 5,299 -1,316 184 262 -78 60 138 -1,888 204 343 -1,873 245 431 -139 -186 75 214 79 265 21,286 32,029 33,759 45,679 37,210 43,387 6,176 2,541 5,927 3,673 2,254 67,526 45,057 51,696 6,639 9,826 12,643 19,451 -6,808 76,955 53,030 62,739 9,709 12,187 11,739 24,102 -12,363 -1,316 -1,888 -1,873 3,857 5,927 69,414 45,057 11,714 12,643 78,828 53,030 14,060 11,739 2,490 3,221 2,905 3,515 1,025 4,680 1,460 4,748 1,844 152 203 51 197 270 73 182 274 92 2,338 3,312 974 3,023 4,411 1,387 2,723 4,474 1,751 -600 -701 -526 5,912 6,777 8,521 6.513 7.477 9.047 1. Withholding taxes on "other" services transactions between U.S. affiliates and their foreign parent groups are assumed to be negligible, and no estimates of them are made. Therefore, there is no difference between the beforetax estimates shown in the international transactions accounts and the after-tax estimates shown in the accompanying tables. NOTE.—This table reconciles the estimates for which country and industry detail are presented in this report with the aggregate estimates presented in the U.S. international transactions accounts in the July 1997 SURVEY OF CURRENT BUSINESS (see 'US. International Transactions, First Quarter 1997," SURVEY 77 (July 1997): 56-99). In the international transactions accounts, the earnings component of direct investment income and the reinvested earnings component of capital inflows are adjusted to a current-cost basis, and direct investment current-account items are adjusted to be gross (before deduction) of U.S. and foreign withholding taxes. These adjustments are not made to the estimates in tables 3-18 in this report, because the source data needed to make the adjustments by country and industry are not available. IT International transactions 1994 All areas Petroleum Manufacturing Wholesale trade Other 1995 Percent Millions of dollars Millions of dollars 46,995 37,210 Change Direct investment position 1996 1996 1995 1996 64,311 1,598 23,567 2,601 36,545 69,195 8,455 21,297 11,543 27,899 13.0 17.3 12.3 24.9 10.0 17.4 11.3 15.0 11.6 496,539 32,290 189,459 63,792 210,998 33|888 213,026 66,393 247,543 630,045 42,343 234,323 77,937 275,442 Canada Petroleum Manufacturing Wholesale trade Other 41,960 3,097 17,439 2,563 18,861 48,258 3,220 19,568 2,519 22,951 53,845 3,577 22,032 2,504 25,732 6,298 123 2,130 -45 4,090 5,587 357 2,463 -14 2,781 Europe Petroleum Manufacturing Wholesale trade Other 303,649 23,947 138,751 22,533 118,418 357,193 24,527 156,258 25,535 150,874 410,425 30,560 172,501 34,980 172,383 53,545 580 17,507 3,002 32,456 53,231 6,033 16,244 9,445 21,509 Of which: Netherlands Petroleum Manufacturing Wholesale trade .... Other 67,210 11,444 19,782 4,672 31,312 65,806 11,666 19,783 4,485 29,873 73,803 13,191 21,635 4,723 34,254 -1,404 222 1 -1,439 7,997 1,525 1,852 238 4,381 United Kingdom Petroleum Manufacturing Wholesale trade .... Other 104,867 9,489 47,334 4,995 43,049 126,177 9,696 56,022 3,771 56,688 142,607 11,610 59,434 6,837 64,725 21,310 207 8,688 -1,224 13,639 16,430 1,914 3,412 3,067 8,037 japan Petroleum Manufacturing Wholesale trade Other 102,999 147 20,636 35,489 46,727 107,933 25,010 34,783 48,056 118,116 128 29,454 36,319 52,215 4,374 Other Petroleum Manufacturing Wholesale trade Other 47,932 5,100 12,633 3,207 26,992 47,466 6,058 12,189 • 3,557 25,662 47,659 8,078 10,336 4,134 25,111 -187 1995 1996 4.9 12.4 4.1 4.0 12.2 -1.7 21.7 17,6 2.4 12.6 13.3 27.4 -2.1 1.9 0 -4.0 -4.6 20.3 2.2 18.4 -24.5 31.7 10,183 4.8 -43.4 4,443 1,535 4,159 21.2 -2.0 193 2,020 -1,853 577 -1.0 -551 -4.9 '-64 -706 1,329 -466 958 -444 350 -1,330 2.8 18.8 ^3.5 10.9 11.1 12.6 -.6 12.1 14.9 24.6 10.4 37.0 14.3 12.2 13.1 9.4 5.3 14.7 13.0 19.7 6.1 81.3 14.2 9.4 54.5 17.8 4.4 8.7 .4 33.3 -15.2 16.2 -2.1 So • September 2997 SURVEY OF CURRENT BUSINESS Table 4.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis by Account [Millions of dollars] 1995 1996 Intercompany debt Intercompany debt Total Equity i Net U.S. affiliates' payables U.S. affiliates' receivables Total Equity i Net U.S. affiliates' payables U.S. affiliates' receivables 560850 33,888 213,026 66,393 247,543 398,349 31,700 147,367 46,037 173,244 162,501 2,188 65,658 20,356 74,298 230,461 6,295 77,150 30,250 116,767 67,960 4,106 11,492 9,893 42,469 630,045 42,343 234,323 77,937 275,442 455806 38,969 163,891 54,729 198,216 174,239 3,374 70,432 23,208 77,226 254,563 8,338 88,326 32,700 125,199 80,324 4,964 17,894 9,493 47,973 Canada Petroleum Manufacturing Wholesale trade Other 48,258 3,220 19,568 2,519 22,951 40,872 3,142 17,179 2,152 18,399 7,386 78 2,390 367 4,551 13,059 360 3,953 948 7,797 5,673 282 1,563 582 3,246 53,845 3,577 22,032 2,504 25,732 47,167 3,511 19,016 2,315 22,325 6,678 66 3,016 189 3,406 12,052 376 4,569 828 6,279 5,374 310 1,553 639 2,873 Europe Petroleum Manufacturing Wholesale trade Other 357,193 24,527 156,258 25,535 150,874 236,707 22,321 100,980 16,055 97,352 120,486 2,206 55,278 9,480 53,523 155,557 3,930 62,833 12,514 76,281 35,071 1,724 7,555 3,034 22,758 410,425 30,560 172,501 34,980 172,383 272,721 26,652 112,284 22,764 111,022 137,704 3,908 60,217 12,216 61,362 180,089 5,668 73,757 15,021 85,643 42,385 1,760 13,540 2,805 24,281 Of which: Netherlands .„ Petroleum Manufacturing .... Wholesale trade Other 65,806 11,666 19,783 4,485 29,873 44,473 P) 12,363 2,849 P) 21,333 P) 7,419 1,636 P) 23,741 162 7,957 2,732 12,890 2,408 P) 537 1,096 P) 73,803 13,191 21,635 4,723 34,254 50,070 P) 12,963 3,291 P) 23,733 P) 8,672 1,432 P) 25,910 P) 9,446 2,345 P) 2,177 90 774 914 399 United Kingdom Petroleum Manufacturing .... Wholesale trade Other 126,177 9,696 56,022 3,771 56,688 86,318 8,499 34,226 1,585 42,008 39,859 1,196 21,796 2,186 14,680 58,863 2,672 24,776 3,019 28,395 19,004 1,476 2,980 833 13,715 142,607 11,610 59,434 6,837 64,725 95,888 P) 38,872 P) 42,821 46,719 P) 20,562 P) 21,904 69,605 3529 27,083 2,898 36,095 22,886 P) 6,521 P) 14,1911 Japan Petroleum Manufacturing .., Wholesale trade Other 107,933 83 25,010 34,783 48,056 81,345 251 20,048 25,191 35,855 26,587 37,183 57 5,724 13,668 17,734 10,596 225 761 4,076 5,533 118,116 128 29,454 36,319 52,215 91,489 26,628 24$ 26,817 P) 4$ 9,501 P) 35,887 57 5,499 13,295 16,835 9,059 4,963 9,592 12,201 Other Petroleum Manufacturing .... Wholesale trade Other 47,466 6,058 12,189 3,557 25,662 39,424 5,986 9,161 2,639 21,639 8,042 73 3,028 918 4,023 24663 1,948 4,640 3,120 14,955 16,621 1,876 1,612 2,202 10,932 47,659 8,078 10,336 4,134 25,111 44,429 P) 7,955 2,833 P) 3,230 P) 2,381 1,301 P) 26,736 2,237 4,501 3,556 16,442 23,506 PI 2,120 2,255 P) All areas Petroleum Manufacturing .... Wholesale trade Other 1. Includes capital stock, additional paid-in capital, retained earnings, and cumulative translation adjustments. -168 $ 3,794 P) SURVEY OF CURRENT BUSINESS September 1997 • 8l Table 5.—Change in the Historical-Cost Foreign Direct Investment Position in the United States by Account [Millions of dollars] Valuation adjustments Capital inflows Capital oains and Intercompany debt Equity capital Total loiai Net Increases Increases in U.S. affiliates' receivables1 Total (8) (9) (10) (11) 1,111 -6,214 4,699 -5,103 -1,554 -4,282 -3,852 4,584 -1,238 -2,088 -45 4,483 -2,194 -3,806 101 1,231 -781 Net Decreases (5) Increases in U.S. affiliates' payables (7) . Reinvested earnings Total (D (2) (3) (4) (6) 94,311 1,598 23,567 2,601 36,545 69,414 3,152 27,849 6,453 31P961 45,057 2,748 18,488 6,058 17,763 51,696 3,630 20,245 6,580 21,242 6,639 882 1,757 521 3,479 11,714 1,447 7,113 2,117 1,036 12,643 -1,044 2,248 -1,722 13,161 19,451 -2,019 3,582 27 17,861 1,304 P) 610 P) 546 2,839 33 1,608 317 880 1,058 -49 448 2,289 -97 778 -502 -345 1,162 1,953 19,922 -1,082 3,934 742 16,328 19,934 -2,008 4,476 752 16,714 -6,623 75 -1,865 ^3,210 -5,943 26 -1,929 -1,063 -2,976 9,757 -68 5,359 including translation Other aHiuct aQJUSl- ments (12) 1995 Ali areas , Petroleum Manufacturing Wholesale trade Other .... Canada Petroleum . Manufacturing Wholesale trade Other 6,298 123 2,130 -45 4,090 7,080 101 2,422 -87 4,644 3,183 117 366 98 2,602 4,487 P) 976 P) 3,148 Europe Petroleum . Manufacturing Wholesale trade Other 53,545 580 17,507 3,002 32,456 55,300 2,016 24,764 3,303 25,217 28,902 1,806 15,883 1,509 9,704 32,817 P) 16,798 P) 11,738 3,915 P) 915 P) 2,035 6,476 1,291 4,947 1,053 -1,404 222 1 -1,439 -1,789 704 48 ^377 -2,164 1,694 185 735 240 534 2,247 P) 765 P) 844 552 P) 29 P) 310 2,139 444 1,177 6 512 21,310 207 8,688 -1,224 13,639 20,446 1,250 9,957 187 9,051 7,935 180 3,683 101 3,972 8,812 P) 4,160 P) 4,329 876 P) 478 P) 356 2,969 977 1,408 390 194 9,541 93 4,867 Japan petroleum . Manufacturing Wholesale trade Other 4,934 -64 4,374 6,591 -62 907 2,781 2,965 8,260 0 995 3,773 3,493 9,213 0 1,123 4,002 4,087 952 0 128 229 595 1,642 -8 501 653 497 Other Petroleum . Manufacturing Wholesale trade Other -466 443 1,096 4,712 824 1,245 679 1,964 5,180 837 1,348 728 2,268 468 13 104 49 303 757 131 57 94 475 -5,026 141 -1,546 Of which: Netherlands Petroleum Manufacturing Wholesale trade Other .... United Kingdom Petroleum Manufacturing Wholesale trade Other .... -187 -706 1,329 958 ^44 350 -1,330 -244 457 -866 -815 -623 6,808 -975 1,335 1,749 -47 330 157 791 12 -927 542 10 386 -320 -49 -65 -440 234 22 -292 43 -554 -1,755 -1,436 -7,258 -301 7,239 385 -483 -47 190 725 -49 15 -188 11 113 2,619 -1,117 -1,947 10 5,673 997 -56 -77 -5 1,134 -316 -733 7 -104 32 -667 -4,375 -319 -5,311 -311 1,566 -611 -427 30 195 -409 -303 -277 4,885 4,743 -141 864 -1,044 -1,269 -1,412 4,588 -3,311 -54 -369 -589 -493 -879 1,023 2,942 33 96 766 2,048 -1,657 -2 3,468 -3,487 -1,636 2,624 -34 367 816 1,475 -909 -138 -200 -107 -465 -348 -137 -5,305 -2,403 107 -1,179 499 -1,830 -212 -253 -9633 342 -7,814 1,744 -3,905 -2,416 417 -3,935 -7217 -75 ^3879 -83 16 8 10 316 30 -15 142 159 -1,645 -1,024 -317 -21 216 -161 492 27 763 -1,048 -1,112 100 4 -474 -795 88 2,197 -1,499 2,391 0 29 -50 -1,091 17 -17 -546 -2 3,438 -3,437 -645 -561 -1 -218 -90 1996 69,195 8,455 21,297 11,543 27,899 78,828 8,113 29,112 9,799 31,804 53,030 4,608 14,763 5,459 28,200 82,739 4,900 18,163 5,642 34,035 9,709 292 3,399 183 5,835 14,060 2320 9,574 1,489 677 11,738 1,186 4,774 2,851 2,928 24,102 2,043 11,176 2,451 8,432 12,363 858 6,402 Canada Petroleum Manufacturing ... Wholesale trade Other 5,587 357 2,463 -14 2,781 5,670 341 2,455 -24 2,898 3,791 91 838 258 2,605 4,315 96 964 314 2,941 524 5 126 56 336 2,587 262 991 -708 -1,007 16 616 -299 -105 -177 -120 1,438 -1,145 -1,518 -373 -117 Europe Petroleum Manufacturing ... Wholesale trade Other 53,231 6,033 16,244 9,445 21,509 59809 5Q58 21,525 7,393 24,933 31,706 2,459 9,671 3,154 16,422 38,412 2,732 12,339 3,203 20,138 6,705 273 2,667 49 3,716 10,884 1,796 6,915 1,502 672 17,218 1,703 4,939 2,737 7,839 24,532 1,739 10,924 2,507 9,362 7,314 36 5,985 -6,577 76 -5,281 2,052 -3,424 -3,370 125 -3,357 Of which: Netherlands Petroleum Manufacturing Wholesale trade Other .... 7,997 1,525 1,852 238 4,381 8,225 1,480 3,471 268 3,006 2,764 3283 P) 986 271 P) 520 3,062 -231 -228 -229 1,257 207 P) 2400 422 1,252 2169 23 7 P) -204 -387 United Kingdom Petroleum Manufacturing Wholesale trade Other .... 16,430 1,914 3,412 3,067 8,037 18,929 1,896 6,606 2,300 8,127 7,980 P) 5,517 P) 398 11,175 3,195 japan Petroleum . Manufacturing Wholesale trade Other 10,183 45 4,443 1,535 4,159 11,930 45 5,084 1,772 5,029 10,991 P) 3,330 1,546 P) 11,741 P) 3 352 Other Petroleum . Manufacturing Wholesale trade Other 193 2,020 -1,853 577 1,420 1,769 47 659 -1,056 6,541 P) 925 501 P) All areas Petroleum Manufacturing .... Wholesale trade Other -551 962 265 P) 1. An increase in U.S. affiliates' receivables is a decrease in intercompany debt and, thus, a capital outflow. NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. -12 626 P) 1,489 -401 5,504 28 -10 57 -230 1,523 P) 237 -182 929 P) P) 6,860 P) -1,234 P) 7,224 10,742 856 2,307 3,882 P) 2,838 4,089 931 2,322 331 505 7,700 476 899 38 1,900 316 -1,355 40 P) -1,496 i!ei6 P) 750 0 22 70 658 -146 -1,537 P) -80 8,271 P) 1,508 509 P) 1,730 14 584 8 1,125 5$ P ) 3,236 fi -311 223 -231 -225 -78 -91 P) -121 n -225 -372 -899 -4,811 P) 2,073 289 -646 -139 383 P) 436 1,487 3$ P) -282 P) 6,884 P) 508 54 P) 45 -1,619 -30 1,375 -2,499 18 -3,194 767 -90 -1,746 n -641 -236 -869 -1,226 250 -1,900 -82 506 -109 1853 1,211 -6116 -126 -13 46 -87 -174 -14 -2,836 30 -2,952 22 64 -399 -14 23 -132 -276 -3207 -49 -1924 2179 -3411 « -1 -1532 145 1389 337 -12 -242 744 -154 0 -2208 0 -93 722 -1591 461 -169 177 262 -395 -32 342 -472 -144 -1404 -11 -1505 -50 163 SURVEY OF CURRENT BUSINESS 82 • September 1997 Table 6.—Foreign Direct Investment in the United States: Earnings and Reinvestment Ratios [Millions of dollars or ratio] 1995 Total Reinvestment ratio1 Earnings Total Distributed Reinvested 12,254 1,426 4,563 1,345 4,920 11,714 1,447 7,113 2,117 1,036 .49 .50 .61 .61 .17 26084 2,873 11,676 3,462 5,957 Canada Petroleum Manufacturing Wholesale trade Other 3,578 118 1,832 327 1,301 739 85 224 10 421 2,839 33 1,608 317 880 Europe Petroleum Manufacturing Wholesale trade Other 15,630 2,630 8,861 1,813 2,326 9,154 1,339 3,914 760 3,141 6,476 1,291 4,947 1,053 -815 P) 3,483 P) 1,277 135 P) 1,344 P) 100 129 P) 2,139 444 1,177 6 512 .61 P) .92 .04 P) 7,906 4,937 4,1$ 2$ 2,969 977 1,408 390 194 All areas Petroleum Manufacturing ... Wholesale trade Other 23,968 Of which: Netherlands Petroleum Manufacturing ... Wholesale trade Other United Kingdom Petroleum Manufacturing Wholesale trade Other P) 1,900 P) 1,706 1995-96 change in earnings 1996 Earnings Japan Petroleum Manufacturing Wholesale trade Other ... 3,462 -6 641 1,217 1,610 1,820 2 140 564 1,114 1,642 -8 501 653 497 Other Petroleum Manufacturing Wholesale trade Other ... 1,298 131 342 105 720 541 (*) 285 11 245 757 131 57 94 475 Reinvestment ratio1 Distributed Total Distributed Reinvested 4,167 12,683 2,920 6,313 12,024 1,848 3,109 1,431 5,636 14,060 2,320 9,574 1,489 677 .54 .56 .75 .51 .11 2,116 1,294 1,007 .79 .28 .88 .97 .68 3,184 294 1,179 -65 1,776 597 31 188 40 338 2,587 262 991 .81 .89 .84 -394 .41 .49 .56 .58 19,043 3,598 9,413 2,348 3,682 8,158 1,802 2,499 847 3,010 10,884 1,796 6,915 1,502 672 4,826 P) 1,304 250 P) 1,765 P) 47 43 P) 3,062 P) 1,257 207 P) .38 7,146 3,057 "* 3,3$ P) .10 .47 P) .78 .54 .31 P) P) 1,682 1 >) 1,177 3,248 42 2,085 841 280 2,350 4 185 525 1,636 609 234 5 920 10 236 20 652 -204 574 2,346 873 2,461 -143 -252 -54 -36 30 -83 176 -653 -392 .81 475 3,413 968 553 535 1,357 464 -1,415 86 .63 .96 .83 1,343 P) 27 115 P) .57 -760 «S9 -803 P) 238 23 P ) .30 -218 .28 .92 .91 .38 P) 223 -231 -225 -131 -1,880 284 -1,718 82 -629 530 1 45 -39 522 48 1,444 -376 -1,330 379 10 -49 9 408 -689 103 .96 -337 -309 -146 P) P) P) -78 -995 -214 P) -311 -628 -360 229 -617 -421 421 409 -53 -86 150 P) 899 38 1,900 316 -1,355 .58 356 -230 422 -1,454 87 716 .57 .50 .73 .64 .18 1,438 4,089 931 2,322 331 505 1.00 .17 .89 .66 -105 -542 Reinvested 558 4,408 505 1,968 449 1,487 922 201 P) 1,120 -46 914 -60 311 -743 46 1,399 -337 -1,852 -1,067 93 -288 -319 -553 NoiE.-ln this table, distributed earnings are shown before deduction of withholding taxes. Unlike in the international transactions accounts, earnings and reinvested earnings are shown here without a current-cost adjustment. 1. Reinvested earnings divided by earnings. 2. Reinvestment ratio is not defined because reinvested earnings are negative. Table 7.—Foreign Direct Investment in the United States: Income and Its Components [Millions of dollars] 1995 Total (•col. 2 less col. 3 plus col. 4) (D All areas Petroleum Manufacturing ... Wholesale trade Other Canada Petroleum Manufacturing Wholesale trade Other Europe Petroleum Manufacturing Wholesale trade Other Earnings (2) Withholdino taxes on distributed earnings 1996 Interest (net of withholding taxes) Earnings affiliates' receipts less col. 9 plus col. 10) (6) U.S. Net U.S. affiliates' payments (4) (3) Total (•col 8 (5) Interest (net of withholding taxes) U.S. U.S. Net affiliates' payments affiliates' receipts (10) (11) (12) (7) (8) 4,067 296 356 177 3,238 33,759 4,190 17,262 3,548 8,760 26,084 4,167 12,683 2,920 6,313 431 88 98 68 178 8,107 110 4,677 695 2,625 13,142 393 5,146 870 6,733 5,035 283 469 175 4,108 80 P) 4 3,285 267 1,250 -54 1,822 3,184 294 1,179 -65 1,776 9 1 3 3 2 110 -25 74 14 47 278 P) 79 168 P) 4 A A 19,043 3,598 9,413 2,348 3,682 260 86 81 23 70 7,024 194 4,321 645 1,864 9,944 P) 4,753 P) 4,135 2,920 P) 433 32029 2,970 15,886 3,863 9,310 23,968 2,873 11,676 3,462 5,957 343 55 100 65 123 8,404 152 4,310 466 3,476 12,471 448 4,666 643 6,714 3,911 90 1,933 355 1,533 3,578 118 1,832 327 1,301 7 (*) 6 341 -27 107 29 233 421 P) 111 2$ a 2,061 P) 334 n Withholdino taxes on distributed earnings (9) 22,975 2,799 12,636 2,235 5,304 15,630 2,630 8,861 1,813 2,326 214 55 84 14 61 7,559 224 3,860 436 3,039 9,620 P) 4,194 4,577 1,5*8 25,806 3,706 13,653 2,970 5,476 Of which: Netherlands Petroleum Manufacturing ... Wholesale trade Other 5,212 1,070 1,934 228 1,981 3,483 P) 1,277 135 P) 39 P) 1 1 P) 1,768 P) 658 94 P) 1,836 P) 684 P) 1,039 68 1 26 P) P) 6,294 P) 1,948 298 P) 4,826 P) 1,304 250 P) 54 50 3 1 1 1,522 19 647 49 808 1,578 19 675 55 829 United Kingdom Petroleum Manufacturing ... Wholesale trade Other 11,006 1,417 5,783 630 3,176 7,906 P) 4,154 92 3,192 4,292 151 1,847 213 2,081 1,100 7,146 104 2,178 4,228 196 2,000 235 1,796 2,050 A A 9,220 1,685 5,086 685 1,763 Japan Petroleum Manufacturing Wholesale trade Other ... 3,405 -3 761 1,203 1,444 3,462 -6 641 1,217 1,610 10 50 39 1,148 3 134 90 921 1,106 0 4 54 1,048 3,106 43 2,168 837 58 1,148 2 100 69 978 1,152 0 3 32 1,116 Other Petroleum Manufacturing Wholesale trade Other 1,738 83 556 70 1,029 1,298 131 342 105 720 22 (*) (*) /•\ 22 462 -48 214 1,282 P) 228 820 P) 13 (D) (D) 1,562 174 190 331 943 612 1,404 1,772 71 214 41 1,446 795 132 29 42 593 1,900 9 fi 99 0 NoiE.-in this table, unlike in the international transactions accounts, income and interest are shown net of withholding taxes, and income and earnings are shown without a current-cost adjustment. 1,66? 1,308 42 3 129 36 -127 -206 3,3$ g 1760 3 'A 3,248 42 2,085 841 280 138 -4 2 96 36 609 234 5 24 977 -60 185 23 852 1,682 -204 574 n 14 40 84 n n 1 -139 n .A 56 n 28 6 22 § September 1997 • 83 SURVEY OF CURRENT BUSINESS Table 8.-Foreign Direct Investment in the United States: Royalties and License Fees and Charges for Other Services [Millions of dollars] 1995 U.S. affiliates' payments Net All areas Petroleum Manufacturing ... Wholesale trade Other 3,023 4,411 P) 3$ 693 P) 42 0 15 P) P) Europe Petroleum Manufacturing .... Wholesale trade Other, 79 0 33 P) P) 38 0 18 17 3 3,130 1,387 2 709 344 332 2,162 2,661 P) 88 P) 231 907 0 499 265 143 158 0 246 399 0 283 8 1,164 2,223 P) P) U.S. U.S. affiliates' receipts 2641 '349 Canada Petroleum Manufacturing Wholesale trade Other, 1996 l Charges for other services Royalties and license fees affiliates' payments Net -701 -485 624 -882 6,777 291 2,753 43 2,912 491 U.S. affiliates' receipts U.S. affiliates' payments . Net 2,723 4,474 '507 P) 3$ 813 P) 105 0 52 P) P) 48 0 33 P) P) 3,236 1,310 251 -1 463 50 681 67 628 935 272 429 68 165 57 0 19 P) P) 108 3,487 3,379 1,927 -223 135 -110 429 1,649 u.s. f affiliates' receipts 7,477 776 2,130 1,702 2,869 1,426 820 Charges for other services1 Royalties and license fees 1,751 2 1,208 306 237 -130 P) 36 P) 165 P) 334 0 311 6 17 209 -84 -63 17 338 1,256 P) 309 94 P) P) 371 76 P) 1,236 2,006 -128 314 2 112 42 159 -770 465 492 31 65 0 -35 P) P) 144 0 19 P) P) 80 0 54 P) P) -307 -118 371 0 251 P) 0 9 89 27 8 -175 P) 24 P) 199 136 fl 106 14 1 1,387 223 0 171 9 44 -132 1,055 1,098 1,432 11 P) 923 66 276 69 512 P) 383 58 P) 989 10 P) 1 300 ' 16 -814 1,155 1,969 3 344 394 415 5 257 851 857 675 -2 353 451 989 648 452 22 361 2 147 49 164 Other Petroleum Manufacturing Wholesale trade Other 80 0 9 17 54 81 0 45 13 23 -485 -149 -144 -115 708 104 79 87 438 1,194 -457 -441 -77 4,446 449 P) 99 P) 0 242 -3 87 4,459 389 P) 175 416 16 65 0 13 -€0 P) 76 462 P) 293 P) 242 976 53 188 258 46 P) 22§ 1,122 67 775 1,939 242 0 37 760 -2 500 403 1,072 -391 1,332 5 P) 1,460 84 96 15 586 241 59 1,430 P) 1,999 -158 269 P) 581 98 -107 539 933 125 28 P) 1 283 ' 14 3,561 2,219 1,009 272 P) 501 9,047 717 3,294 1,975 3,061 -526 -413 429 -1,042 280 P) 2,670 -309 1,112 8,521 304 3,722 U.S. affiliates' receipts -134 P) 1,661 -1 0 -36 3 32 United Kingdom Petroleum Manufacturing Wholesale trade Other j™ Petroleum Manufacturing Wholesale trade Other affiliates' payments n 246 1,220 -142 Of which: Netherlands Petroleum Manufacturing ... Wholesale trade Other U.S. Net 253 224 201 516 P) n 257 -3 55 -502 -319 -3 -164 -23 347 1,768 1 339 403 493 828 94 92 116 526 738 1,511 1,047 5 284 905 812 1,135 212 95 279 549 NoTE.-ln this table, unlike in the international transactions accounts, royalties and license fees and charges for 1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals. In 1996, U.S. affiliates' payments for service charges were $7,773 million, payments of rentals for the use of tangible other services are shown net of withholding taxes. property were $748 million, and payments of film and television tape rentals were $1 million; U.S. affiliates' receipts were $8,787 million, $259 million, and $1 million, respectively. Table 9.—Foreign Direct Investment in the United Slates: Position on a HistoricalCost Basis and Balance of Payments Flows, 1992-96 [Millions of dollars] 1992 1993 1994 1995 1996 Direct investment position 423,131 467,412 496,539 560,850 630,045 Capital inflows (outflows (-)) Equity capital Reinvested earnings Intercompany debt .. 19,222 31,635 -12,212 -202 50,663 29,674 -7,761 28,750 46,995 37,210 3,857 5,927 69,414 45,057 11,714 12,643 78,828 53,030 14,060 11,738 Income ., 1,401 7,071 21,286 32,029 33,759 Royalties and license fees, net payments U.S. affiliates' payments U.S. affiliates' receipts 2,353 3,049 697 2,284 2,998 714 2,338 3,312 974 3,023 4,411 1,387 2,723 4,474 1,751 -2,059 4,285 6,344 -956 4,955 5,911 -600 5,912 6,513 -701 6,777 7,477 -626 8,521 9,047 Charges for other services, net payments1 U.S. affiliates' payments U.S. affiliates' receipts 1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals. NoTE.-ln this table, unlike in the international transactions accounts, income, royalties and license fees, and charges for other services are shown net of withholding taxes, and capital inflows, reinvested earnings, and income are shown without a currentcost adjustment. SURVEY OF CURRENT BUSINESS 84 • September 1997 Table 10.1.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1992 [Millions of dollars] Manufacturing ChemiFood cals and and kindred allied products products All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other D atin Arnenca ana wuier UfAetem nernispnere LS»n AmArfoa an/I fifhap wesiem UamlenharA South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa . South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Addenda: European Communities (12) OPEC Petroleum 423,131 37,515 249,904 583 4,165 571 1,767 23,918 29,419 1,818 1,821 181 677 69,107 911 1,145 7,130 19,646 86,587 459 34,746 2,404 25,458 P) P) 4 P) 2 p) r) P) -2 0 11,349 26 0 P) 22 10,999 P) 160,360 15,757 116,132 208 1,342 746 1,184 17,056 16,537 547 839 34 370 21,480 397 171 5,028 9,954 40,195 45 4A A&4 1 , 0 94 1 9 441 2,441 KJftQ 5,700 7,725 449 1,406 5,069 394 407 11,756 613 1,006 9,291 -426 1,271 1,209 -9 1,218 6,057 1,365 2,768 -2 973 1,023 -88 387 768 -13 -30 4,745 P) 207 4,034 523 P) 304 -9 313 67 57 1 a P) P) (*) P) P) -3 1,468 P) 80 P) P) P) 0 P) P) o P) 0 Total /D\ 9 P) P) 108,965 6,957 1,377 97,769 106 86 101 58 771 1,267 473 2,642 2632 -3 47 P) -3 22,331 2,419 247 18,781 23 32 77 6 83 554 109 219,307 5,021 25,093 P) 99,280 -23 o 0 0 n 23,771 5,355 16,693 0 52,394 775 46,571 5 P) P) 1,475 64 283 12 6 P) 3,863 8,812 5 340 0 0 10,220 P) P) 1 2,145 8,288 P) P) P) 773 3,190 14,550 P) Primary and fab- ricated metals 12,155 2,362 7,517 43 96 P) 356 1,835 1,090 0 80 -9 263 999 P) 14 118 529 1,925 n 4 <1R9 o 0 P) P) 1 P) 94 n 3 0 3 7 7 0 0 0 0 0 1,507 P) P) 875 4 2 P) 4 388 -10 P) P) -12 -24 964 0 P) 3 1 P) P) P) 0 62 42 0 -17 P) P) P) -12 P) P) P) 0 0 0 0 0 3,469 P) -11 3,243 n -2 -6 fl P) 217 -21 14,105 -1 42,293 -15 30,518 2,837 20,664 95 -5 480 325 3,676 3,464 P) 116 4 P) 4,691 19 17 2,359 2,381 2,913 -3 41,523 4,428 24,687 66 174 28 22 2,971 3,106 P) 292 32 P) 1,708 6 62 1,777 1,709 12,520 9 Wholesale trade Retail trade Depository institutions 59,777 1J05 22,506 151 380 431 163 1,677 6,034 171 640 39 136 6,091 248 105 750 1,402 3,905 183 10,837 595 6,685 9 839 26 3 408 1,806 P) 15 0 P) 1,572 2 84 -2 68 1,855 1 22,275 1,985 11,302 100 P) 295 84 1,392 817 P) 804 0 2 2,643 19 1,543 128 1,314 18406 133 1,768 525 176 —7*5 19 1,352 P) -4 P) Other Mamanuchinery facturing o n p) p) 1 0 o 0 0 0 n n 2,007 846 P) 1,123 -20 Q 5 0 3 0 P) 6,335 -4 -103 -68 -23 -4 -5 -4 28 0 P) P) P) -3 -3 0 37 28 0 P) Insurance Real estate Services Other industries 13,793 2,087 -2,805 115 70 35,343 4,650 27,599 P) -1 . -3,226 P) P) 5 -67 3,251 3 P) P) 535 2,635 P) 1,640 4,385 P) P) 0 P) 6,289 32,486 3,679 12,101 3 61 P) 44 38 838 P) 15 96 94 6,448 10 P) 355 737 3,137 20 35,155 1,281 18,719 3 40 P) P) 2,713 682 7 67 -25 P) 6,368 P) 2 166 1,547 6,935 18,360 3,372 12,209 2 153 143 5 1,164 574 1 365 204 1 3 -2,076 376 P) 394 -0,247 P) P) 0 P) P) P) P) P) P) 0 P) 2 P) P) 0 233 0 1 P) 0 0 0 2 0 2 0 0 0 0 744 190 2 517 P) 0 3 0 338 5 94 204 16 16 2,659 133 100 1,078 1,033 316 132 127 -11 140 7 -3 -6 928 3 153 441 327 4 47 0 47 81 53 P) P) 45 P) P) £) P) P) 142 1,389 3,831 9,408 0 n P) 2 134 33 91 3,615 62 P) ^396 236 6,110 12 4 RAT 1)991 418 -9 337 89 3 -2 3,582 P) P) P) 302 1 P) P) P) 225 -19 195 36 n 13 1,081 P) 86 235 551 P) _4 (*) -4 144 114 P) P) 0 7,059 644 114 6,018 12 32 2 1 76 131 29 1 0 0 0 0 8,290 653 28 7,522 28 0 P) 1 21 P) 42 34,118 452 281 33,095 -184 56 -1 1 54 277 88 15,483 -4 21,064 1 19,571 23 « Finance, except depository institutions n n 19 -4 4 11 2 6 1,578 P) 56 P) 176 4 3 0 3 602 P) P) -1 0 0 3 1,355 -1 197 1,129 P) (*) 0 0 117 P) 410 0 P) 204 191 P) P) Q P) P) 517 P) 0 4 3 112 8,127 -186 103 5,512 139 P) P) o 0 0 4 15,239 -301 253 15,101 P) o 0 50 247 212 5 0 94 P) P) 6,605 P) 9,598 232 -3,025 39 fl n fl7 133 2,378 0 2,295 -10 49 19 24 11,198 259 239 10,170 15 2 9 3 457 35 8 0 13,973 1,129 24 12,669 34 P) P) 0 7 112 15 22,062 4 10,846 2,389 17,026 24 n 0 a 0 P) 27 51 167 P) P) 229 0 229 21 0 -3 P) -7 1,237 364 34 748 29 1 P) a P) 12,252 92 SURVEY OF CURRENT BUSINESS September 1997 • 85 Table 10.2.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1993 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland .... Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Addenda: European Union (12) „ OPEC. . . . Petroleum Total Food and kindred products 467,412 32,214 40,373 2,846 285,004 23,697 638 P) 3,870 P) 5 1,110 1,617 P) 30,304 2 34,987 35 4,771 2,299 153 1,183 0 72,893 11,855 1,217 18 1,245 7,881 P) 21,681 335 98,739 9,651 415 1,339 21,908 6,518 -568 653 P) -1 1,244 28 4,652 -445 P) 413 P) 1,907 15,389 1,276 717 8,356 P) 4,078 P) 963 (*) 1 264 P) Q 5 1,258 P) 6,575 P) o 1,886 2,820 P) 0 P) P) 116 -3 3 P) 112,289 2,637 2,417 7,089 4 1,518 100,721 217 -3 -71 292 0 123 0 50 0 450 10 -1 1,618 -1 499 168,147 16,030 124,675 199 1,764 731 831 17,684 18,119 479 857 21 866 22,130 555 101 5,361 11,773 43,151 53 3,994 856 -72 450 515 -12 -25 3,139 64 -397 3,402 349 22 341 5 336 177 171 1 P) P -1 22,778 5,116 15,671 0 P) 51 226 1,521 63 221 22 5 3 3,297 n n 22,930 2,753 310 18,375 2 47 115 1 354 785 189 1,558 P) P) 882 6 2 P) 0 P) P) P) 251,473 4,182 105881 -23 13,511 n ffl 23061 922 Chemicals and allied products Primary and 56,821 801 51,235 P) 1,103 P) -4 7,056 9,785 7 327 0 12,497 2,324 8,021 P) P) P) 330 2,237 1,196 0 159 -9 229 1,003 9$ P n ^ 1,900 8,248 P) 422 104 P) P) (*) 5 984 4,573 17,225 P) 1,081 335 -24 o n 318 -19 746 0 196 73 fab- ricated metals 8 184 474 1,786 n 110 -10 p) -9 P) (*) 2 120 P) 73 0 -13 P) P) (*) Machinery Other manufacturing 30,231 2,769 20,806 74 -25 480 245 3,921 3,853 P) 113 4 45,821 5,020 28,941 75 396 19 34 2,950 3,222 P) 236 21 4$ 3$ fl 2,662 2,103 2,087 12 -49 -35 -33 -44 -4 -2 n 35 0 n n 0 3 0 3 8 7 0 0 0 0 P) -2 P) P) P) 0 0 -3 -2 0 3,422 P) -13 2,627 P) -5 -3 D P) 454 -3 2,056 853 P) 1,176 P) g 5 0 1 0 P) P) 18 P) (*) (*) 1 72 61 0 P) P) (*) 0 6,633 725 125 5,502 13 42 (*) 2 36 127 61 45450 -20 6870 P) 15,526 10 o 0 0 0 0 n 8 1,531 2,722 13,805 3 2,430 511 -13 449 81 3 -9 1,919 3 Wholesale trade Retail trade 62,915 1,747 22,935 150 173 383 P) 1,937 6,726 121 490 39 189 5,869 171 86 483 1,263 4,222 P) 969 12 9 -18 47 (*) -26 956 12,242 1,361 7,105 8 820 29 1 375 2,087 P] 19 0 A 102 17 P) 42 466 P) 2 1 1 397 367 P) P) 9 D P) 36865 200 322 36,003 -376 99 -3 -7 247 325 55 24524 P) 20,196 30 P) P) P) P) ro\ nO\ 1 0 0 0 0 9,261 894 102 8,188 14 7 P) g 1,564 2 80 2,009 1 1,735 13 1 5 -2 2 6 1,722 P) 148 P) 327 4 2 0 2 733 P) P) Depository institutions 24,577 1,307 13,381 197 ^392 224 102 1,449 862 1,066 669 0 0 3,412 21 1,787 135 1,484 2,196 169 2,653 2,204 638 147 P) 153 P) 449 0 6 225 219 0 Finance, except depository institutions 38,559 3,093 16,783 P) 155 P) 3 881 478 2,609 4,825 -4 P) P) 16 9,935 P) 3,124 663 n n P) -4 58 314 206 277 360 -1 27 2,461 845 33 520 1,042 20 251 0 251 318 P) P 0 0 0 4 14,989 -394 352 15,671 P) (*) 4 0 P) 5 32 6,990 P) 11,341 263 17,050 35 0 0 4 1,307 -2 154 1,127 P) 0 0 0 P) o P) P) 695 P) 0 4 9 127 6,356 87 103 5,435 90 Insurance Real estate Services Other industries 39,812 4,837 30,993 32,213 35,019 1,299 18,192 3 ^33 316 P) 4,727 666 P) 69 P) -268 4,910 21,715 4,348 14,972 1 174 141 30 1,127 793 5 118 33 . 4,351 P P 0 3 8,116 P) 121 1,297 4,160 10,419 0 3,136 P) P) 0 P) 2 P) 12,271 3 64 P) g 52 868 166 P) 87 120 6,594 11 31 438 766 2,963 19 3,114 336 5 94 205 14 18 2,777 T A 999 503 P) 5 P) 0 0 0 3 0 3 0 0 0 0 842 243 1 563 P) 0 P) (*) _•] 0 6 2,415 0 2338 -13 49 18 22 10,709 243 250 9,720 14 2 -5 2 443 39 1 25593 P) 10,950 2,428 1,100 P) 198 (*) 199 1,570 5,863 1 1,179 320 -4 268 64 -2 -1 858 5 227 202 415 9 91 -1 92 75 43 0 0 P) P 0 14,183 1,263 17 12,557 86 fD\ fD\ Q 3,618 76 P) 171 211 8,332 11 665 P) -11 23 158 P) -6 8 50 97 P) P) 223 0 223 36 P) P 0 1,471 278 7 1,052 16 0 11 12 111 21 P) P) -5 16277 31 14434 119 SURVEY OF CURRENT BUSINESS 86 • September 1997 Table 10.3.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1994 [Millions of dollars] Manufacturing Chemicals Food and and kindred allied products products Primary and Wholesale trade Retail trade Depository institutions Finance except' depository institutions 52,504 63,792 11,857 27,139 5,789 2,563 813 1,373 24,595 33,166 22,533 7,037 15,609 102 2 591 465 39 P) 90 621 171 322 P) 21 P) 683 P) 230 P) 223 P) All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other, Middle East Israel . Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Addenda: European Union (12) OPEC Petroleum 496,539 32,290 189,459 21,411 66,028 14,320 35,196 41,960 3,097 17,439 5,877 821 2,503 2,448 303,649 23,947 138,751 13,590 58,491 8,910 P) P) 5 P) P) 111 224 -1 P) P) 209 P) 232 P) 553 769 3,892 1,921 2,016 33,603 40,345 4,648 2,746 164 2,352 67,210 1,616 1,685 8,694 26,666 104,867 Total 2,293 930 1,849 20,043 22,380 967 953 23 0 2,070 1,960 981 481 0 _5 A4 P) P) 46 209 184 P) 268 47 3 P) A P) 1,619 1,287 4,105 419 30 1,387 1,142 705 0 93 199 P) 52 8,238 6,330 5,152 P) 139 20 34 P) -10 852 3,951 11,196 347 746 2,843 3 1,733 6,937 P) P) 3,032 P) 1,054 6,748 P) 643 7,373 -675 629 P) 1 P) 1,108 -100 1,053 150 P P 6,674 2,030 2,821 -7 P) 97 P) P) o Q 591 263,368 4,323 23,080 1,009 116,714 350 10 0 18 3 5 2,192 2,975 3,387 3,188 3,255 1,227 1,095 842 8 811 37 -6 -37 30 49 17 5 4 -2 2,433 846 5 458 386 366 5 104 231 P) -14 314 68 203 P) 1 -3 P) P) (*) P) 166 -44 -61 -7 2,541 1 196 P) (*) 23 P) P) P) g P) 90 0 0 2 P) P) -7 -7 2,986 952 142 187 137 367 119 2,176 565 5 542 0 6 201 335 0 P) (*) P) -10 P) P) P) P) -10 P) P) P) 102 90 0 P) P) (*) 0 (DJ 410 397 1 P) P) PI 658 P) P) 231 8,065 797 89 P) -15 0 -14 -2 -4 1,382 1,578 P) 947 177 3,828 18 1,875 P) P) 766 7 2 P) -23 253 125 1 444 709 89 -73 462 179 76 3 2 8 4,189 20,636 2,339 24 -27 P) 3,543 6,314 -2 -46 0 fD\ Q 0 0 0 0 P) o P) Q 0 n 0 2,411 1,095 P) -118 n 3 P) 592 5 P) 1 n 26 131 1,448 Q P) Q 741 127 P) o 586 35 P) 1,581 Q -1 Q o 4 P) 0 0 4 4 Pj 78 0 0 5 9,566 37,350 1,346 6,368 881 85 200 730 -2 89 58 125 17,020 -178 0 0 0 0 i 191 3,687 1,299 6,654 8,230 35,489 1,209 5,267 16,831 P) -1 -1 11 244 (*) 1 94 P) P) 28 7 P) 190 39 2 10 229 286 175 P) 0 P) 118 n P) 1 70 395 261 P) -1 0 0 73 P) 24 P! p)o 380 P) 7 P) 0 0 0 4 0 3 0 1 0 0 898 246 -3 619 P) 0 P) (*) (*) D p) 203 -5 P) 0 5 0 3 0 P) 11,340 50,215 7,653 19,318 28,186 19,279 6,897 13,842 12,400 26,021 -14 P) 8 P) 6 -3 355 30 5 o 20 n D P) 22 P) 220 155 10,177 1,365 1,440 4,995 5 -18 1,295 268 -5 P) 34 ^ P) 3,385 1,755 P) 14,370 -3 -3 3 3 0 0 0 0 8 147 24 1,762 70 1,381 3,244 R o 2,717 1,758 3,501 0 P) -11 -22 (D\ n 2,959 -95 P) -1 P) P) -6 P) 25,546 3,046 P) 56 4,160 328 -72 P) P) 3 0 3 0 66 109 pi 1,089 2 78 101 260 2,574 2,965 9 P) 4,672 0 0 P) 0 n P) 8 2,395 n 2,203 P) 343 -4 347 P) P) (*/ (*) 116,956 8,080 1,683 102,999 p- 493 126 25 5,385 B 0 P) P) P) 6 4,068 1,035 P) P) -1 V P) 444 632 233 4,970 1 190 175 -4 P) 886 6,435 269 557 P) 6,791 20,418 Q P) P) -1 P) 5,484 304 254 516 -16 P) 16,421 4 44 335 P) 4,747 26,070 -4 20,172 1,231 76 1,235 12,101 10,837 1 364 1 P) 6,014 77 P) P) 31,062 80 A 512 4,409 16,016 1,868 9,489 1,230 23,511 1,421 1,555 P) 10 P) 37,045 3,114 231 970 279 136 31,613 3,681 1,441 150 -3 5,641 38,833 4,051 3,339 454 18,697 1,213 1,745 9,153 6,074 41,000 4,716 n 249 704 -9 -53 Other industries 1,768 P) 8,274 216 Services 8,648 3,024 -570 P) 1,729 Real estate 1,572 P) 1,558 1,757 19,782 11,444 Insurance 3 60 P) 4 110 5,679 13,212 47,334 2,412 4,256 -312 387 fab- ricated metals Other Mamanuchinery facturing o o o 5 11 15 -Q 321 -167 B 3 P) 2,690 1,061 154 173 212 P) 202 216 532 P) 100 212 100 241 2,434 108 104 (*) 0 3 0 0 3 P) P) 14,016 1,256 1,342 1,054 1,404 105 0 2,355 -15 49 17 28 10,496 345 246 0 80 49 67 171 P) 241 o -4 P) P) 18 143 11 9,335 12,401 1,064 14 2 -13 1 P) 39 P) 58 134 4 0 13 105 26 24 1 P) P) P) 10,878 2,443 18,276 15,982 33 94 7 n September 1997 • SURVEY OF CURRENT BUSINESS 87 Table 10.4.—Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1995 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Petroleum 560,850 48,258 357,193 1,555 3,676 2,990 2,752 38,480 49,269 7,418 2,750 135 5,957 65,806 2,089 2,452 9,581 35,593 126,177 514 33,888 3,220 24,527 P) P) 5 0 P) P) -2 n 11.666 296 7 P) 485 9,696 P) Primary and 71,367 873 63,702 P) 1,508 14,085 2,647 8,739 P) 223 9,473 13,411 P) 181 0 P) 8,780 760 5 1,457 6,767 21,078 P) 867 1,492 P) 215 -8 287 637 286 P) 293 119 3,288 1 277 -68 -172 3 2 -34 2,129 0 P) 2,314 P) -1 P) 137 P) (*) 24 P) P) P) 213,026 19,568 156,258 252 2,230 1,035 1,756 21,629 25,335 1,427 876 19 4,151 19,783 1,257 360 7,085 12,973 56,022 67 26,898 7,230 17,922 -1 P) 116 113 -8 P) 1 1 P) 353 1 -62 192 222 0 3 0 3 2 2 0 0 0 0 1 1,275 169 iffl fab- ricated metals -310 P) -11 P) -513 P) 2,275 P) 132 P) P) -1 04 -19 -1 -7 776 -139 922 133 -18 -122 5,220 114 842 2,904 1,332 27 275 -1 276 730 307 P) P) P) -1 1 30,198 3,074 238 25,010 80 239 9 0 316 1,137 90 318,995 3,740 23,746 720 141,939 348 P) (£j p) 0 P) o P) -4 n 2,896 3,333 2 83 P) P) o 37,638 2,297 26,243 121 129 592 347 4,882 4,352 494 153 4 25 5,187 213 6 3,436 1,802 4,464 38 42 -78 -64 13 -4 -3 -20 121 0 63,037 6,522 39,652 39 P) 120 625 4,289 5,965 518 287 Real estate Services Other industries 62,369 6,864 33,656 P) P) 50,975 5,241 40,613 29,704 2,276 11,690 3 59 32,887 1,730 20,352 4 13 24,788 3,841 18,221 2,072 1,625 1,373 652 0 0 4,698 26 1,951 57 952 5,464 188 3589 2,929 855 252 P) 270 P) 660 0 6 204 451 0 P) 3,875 4,798 2,475 -198 P) 186 2,367 -6 P) 21 11,806 9,542 -1 971 612 2 261 382 P) P) 359 -2,558 -951 617 3255 -4 2$ 5,352 P) 231 1,094 183 73 87 209 5,877 4,ei P) P) 239 P) 66,393 2,519 25,535 455 356 1,196 12,743 1,302 7,307 P) 730 34,076 1,695 19,035 P) P) vfl 251 1,458 P) 329 D P) 1,115 2 76 4 145 2,078 P) p, tory institutions 638 -3 642 20 -3 -18 2,481 P) P) 365 973 P) 14 -194 13 -98 15 -8 -114 1,117 133 233 P) 500 P) -6 n Pa 3 122 109 0 91 P) P) ^0 P) -2 0 -13 376 -14 1,572 -66 0 6 3 1 0 P) P) (*) 0 8,935 867 77 7,154 114 P) (*) 1 229 P) 33 0 0 0 13,641 1,161 48 11,860 31 P) 3 7 431 419 2 P) 9 1 P) 36,992 14 621 34,783 728 P) P) R -33 170 346 217 fl1 P) P) 533 P) Q 4 P] 66 9,060 97 151 7,706 151 P) P) 0 83 456 340 15,598 1 56,187 -19 8,341 P) 24,186 1 37,627 P) 23,799 7 7,137 3 17,968 456 861 4 2 2 -1 o P) -5 P) P) P) 0 0 -1 0 0 4,004 110 -14 3,563 -2 n P! P) P) Q 0 -1 0 2,343 767 n 10 P) P) -2 -2 P) P) 1,898 P) 17,151 P) 4 44O o o 19 6 6 -3 2 8 1,884 30 166 1,509 174 6 P) P) P) Pj 0 -1 P) 0 4 1,778 -2 30 1,702 P) Q P) 65 Finance, except depository institutions Insurance Retail trade 4,110 P) 10 1 P) 10,041 46 1,V99 7,878 751 1,980 4,721 -259 685 17,362 -1,780 1,592 8,481 8,417 651 1,164 -3 1,167 6,008 1,995 2,527 -9 1,310 98 88 122,986 7,833 1,557 107,933 626 402 149 75 1,548 2,139 724 Other Mamanuchinery facturing Deposi- Wholesale trade 8,238 607 511 73 343 4,485 68 103 1,516 1,419 3,771 P) 094 941 115 293 41 P) 5 2,608 4 QAC Latin Mnwnca and v/uitw WaAtam neniiapnofo Laud AnMffofl and Afhar rvoawni HamlAnhATA South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other .... Middle East Israel .... Kuwait .. Lebanon Saudi Arabia United Arab Emirates Other ... Asia and Pacific Australia Hong Kong Japan .. Korea, Republic of Malaysia . New Zealand Philippines Singapore Taiwan . Other .... Addenda: European Union (15) OPEC ... 8 Total ChemiFood cals and and allied kindred products products P) o 0 P) -1 204582 -389 45 20,497 P) 0 -3 40 P) 21,898 -4 « P) 6 4 9 42 523 40 P) 33 4,918 199 -27 -14 1,674 7,392 2 1 371 160 -8 340 -175 6 -3 1,211 93 244 232 625 17 39 -2 41 110 100 5 0 5 0 0 9,285 971 216 7,762 76 P) P 1 15 100 29 35,304 1 10,771 2,111 18,516 16 p! 0 P) 9,288 P) 153 16,689 0 P) 32 300 801 2,689 18 4114 •t,!!*! P) -1 P) P) Q 526 P) P/ P) 0 0 0 2 0 3 0 -1 0 0 1.0M P) •4 705 P) Q P) 1 ( 359 5 105 228 8 14 2,912 P) 260 769 1,575 P) 219 n 220 2,124 P) 2,039 -18 P) 16 30 10,124 P) 247 8,602 14 2 -21 0 n 325 208 -5 P) 864 253 7 35 P) 1,611 P) P) 252 183 12,835 6 1 135 79 P) -6 P) 152 134 62 207 P) 248 .8 -24 P) pi 0 -4 1,367 170 11 1,082 -5 -3 P) 9 5 17,917 82 SURVEY OF CURRENT BUSINESS 88 • September 1997 Table 10.5.-Foreign Direct Investment Position in the United States on a Historical-Cost Basis, 1996 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore TaiwarV.. Other Addenda: European Union (15) OPEC .... Petroleum 630,045 53,845 42,343 3,577 234,323 22,032 410,425 1,791 3,979 2,118 2,818 49,307 30,560 P) P) 5 P) 385 62,242 9,776 2,699 161 10,284 73,803 2,421 1,128 9,470 35,101 142,607 718 24,627 P) 442 P) -2 0 13,191 172,501 245 2,067 772 2,259 26,360 25,471 1,934 763 36 8,423 21,635 1,385 424 6,549 14,668 59,434 77 7,810 591 1,078 5,561 -12 591 16,817 -1,859 921 9,124 8,368 262 412 -2 P) 463 11,610 P) 2,241 -353 P) -17 P) -531 126 2,594 P) 137 P) P) Total 4,551 175 -233 410 163 -20 Food and kindred products 28,089 7,611 18,802 0 4 113 947 2,309 102 570 -67 1,487 P) 14 £) P) 10,638 P) 296 158 -7 P) Chemicals and allied products Primary and 74,810 1,664 18,727 37,093 2,438 75,604 3,079 65,873 P) 1,731 P) P) 11,152 12,394 P) 157 P) 573 3,267 24,914 115 23 271 268 4,713 50,518 25 151 195 P) 4,920 13,392 P) 235 0 P) 10,357 1,638 P) 190 P) 330 669 385 P) 733 140 3,743 -5 101 4,158 192 131 P) 1 5,065 6,181 922 274 30 7,994 4,058 .5 P) 1,502 P) 21,587 12 -136 -140 783 11 808 8,203 18,871 P) 2,407 130 -108 -145 fl -42 4,376 152 136 1 2,278 0 -181 2,670 1,684 51 717 -44 761 6,177 1,960 2,572 -11 1,484 87 84 P) 1 P) P) 0 4 0 P) 4 0 134,255 9,747 947 118,116 394 445 136 81 1,468 2,298 623 4,528 P) -2 128 P) P) 1 0 -8 -1 -6 -1 -1 P) 34,581 2,958 238 29,454 -2 282 -17 3 350 1,225 90 372,161 4,237 29,685 1,062 156,348 -68 258 -1 259 400 372 n 4 0 4 2 1 0 0 0 0 1 1,374 156 P) 954 3 2 0 61 0 P) 16,183 n 2,270 P) fab- ricated metals Machinery P) 16 3,507 1,566 4,595 35 314 -3 7 P) 0 P) 238 148 -64 8 PI pi p)5 8 440 H -3 P) 453 0 Other manufacturing 7,240 1,433 163 -51 203 28 4? 1,270 3 Wholesale trade 77,937 2,504 34,980 421 476 1,446 372 2,489 9,944 1,341 570 52 389 4,723 106 119 2202 3,118 6,837 374 1,287 139 77 140 14 -4 -88 1,148 265 267 P) 461 P) -51 P) P) 438 428 2 Retail trade Depository institutions Finance, except depository institutions 15,008 31,903 1,500 8,781 P) 802 23 1 220 2,296 1,458 P) 346 -1 ufl 2 73 P) 223 2,740 P) 2,662 19 4 7 -3 2 9 2,643 P) 108 P) 62 6 16,909 P) P) 117 2 2,173 2,103 1,530 746 0 0 5,506 P) 1,102 84 981 2,661 232 3,715 3,084 869 195 P) 303 P) 631 Real estate Services 70,185 59,566 6,451 43,046 P) P) P) -8 7,348 7,056 30,118 2,487 38,945 2,102 11,456 3 58 P) 4 237 23,514 11 118 223 P) 4,037 1,399 P) 72 79 213 5,492 2,722 566 58 Pj 118 3,538 161 -37 -28 2,169 9,926 9 149 P) 275 250 12,662 7 5,195 2,762 P) P) 849 5,815 -2 P) P) 2 P) P 8 -53 -3,151 90 3,409 27 9,297 466 60 7,995 53 P) -1 1 259 P) -25 16,345 1,347 42 14,340 38 P) -25 1 29 P) -5 38,779 272 656 36,319 944 8 121 21 24 384 30 1,765 -3 19 1,702 P) 0 (*) i*) P) 1 97 514 415 21,322 P) P) 0 0 523 P) 2 56,899 -23 11,886 23,057 -6 48,324 -39 31,325 8 8,532 2 15,782 563 36,632 -7 n (*) -1 o P) P) 585 P) 0 4 P) 43 8,249 86 128 6,816 120 P) 161 482 P) 94 427 3,172 878 P) 2,261 -91 1 7 0 25 -2 P) D n 8 P) tfi 428 4,392 111 -14 3,904 -4 -4 -1 1 -23 442 -18 (*) 131 107 0 P) 1 3 0 3 298 P) 0 P) P) 0 4 9,015 573 P) 0 -237 P) P) P) P) 0 0 0 -1 n -i P) 3,121 5,959 17,237 0 4,697 0 P) -5 P) P) P) 0 0 -2 -1 0 -2 -2 -192 1,0*15 P) -17 -1 -16 85 P) P) 0 0 0 0 n 46,776 P) P) 6,437 17,140 -15 -428 473 0 Other industries Insurance P) P) P) P) 222 P) 0 0 P) 20,590 -736 -632 fl P) 0 534 P) P) 0 0 0 3 0 4 0 23 9 469 834 2,359 6 3,342 29,716 4,839 21,902 n 443 223 -5 2,937 P) 288 69 36 2,057 798 906 326 5 104 196 4 18 44 -3 P) -37 176 85 n 3 3,016 278 171 579 1,806 182 754 339 236 296 P) 168 -147 30 206 -310 206 -306 n -4 9 337 41 157 1 156 -54 P) P) 0 -5 0 2,583 P) 2,492 -21 P) 15 33 122 107 Pj 0 P) 0 0 1,034 P) 2 771 P) 0 P) 10,044 458 236 8,823 23 3 -24 12,720 1,042 287 11,092 104 94 1,966 166 14 1,689 -8 -7 7 3 426 42 54 13 63 25 4 42 42 7 40,660 3 10,520 2,564 21,225 52 21,452 59 n 0 -4 n n n 0 16 SURVEY OF CURRENT BUSINESS September 1997 • 89 Table 11.!-Foreign Direct investment in the United States: Capital Inflows, 1992 [Millions of dollars; outflows (-)] Manufacturing ChemiFood cals and and kindred allied products products Primary and All industries All countries Canada Europe Austria , Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Petroleum 19,222 -1,326 7,651 1,917 3,325 138 2,002 -231 1,881 410 94 9,181 -9 819 446 324 178 1,307 300 342 -5 36 2,627 -605 4,246 1,716 0 -3 -4 P) -56 2,970 55 -3 (*) 2 -6 P) -2 -1 P) 1,168 3 2 1 -23 391 -2 373 3 192 0 P) 293 -222 1,891 2,385 -1,598 67 n p n 9 1 a P) 0 n -359 P) 0 6 -22 -1,564 -8 3,267 South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan .. Other Addenda: European Communities (12) OPEC .... -38 970 18 647 407 -21 -8 1 -110 9 2,297 1,295 -<378 1,121 36 223 36 1 35 337 102 187 -3 5 3 42 4,399 -282 135 4,245 203 26 9 10 -268 197 124 4,274 167 P) 8 -18 5 -47 -5 13 0 13 6 0 -1 0 P) -5 P) -470 P) -1 -142 P) n 0 -30 1 -2 -797 -155 Total 32 93 99 189 -169 399 325 252 -20 185 -203 13 29 259 1,173 1,593 -2 1,493 296 -10 291 32 -2 -16 -201 1,197 50 -222 -342 1,322 158 9 -39 -1 -38 17 16 1 n 0 n 21 -2 23 o 0 P) 1 P) -49 0 0 0 n 7 7 0 0 0 0 D n 53 67 -24 453 -45 3 37 -4 ^32 -26 24 -15 -11 P) 2,606 1,686 2 -2 -675 8 4 137 761 1,014 -1 765 41 18 -6 P) n P) 725 0 P) P) P) 0 -12 -4 -8 •j 1 0 0 0 0 0 -494 37 -3 -104 2 D P) -2 D P) P) NOTE.—In this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment. 3 155 P) 16 730 n (*) (*) P) -5 P) 2,045 -2 fab- ricated metals -227 233 0 15 P) 19 85 4 11 42 161 Machinery Other manufacturing 2,707 1,352 327 1,718 859 -191 190 1,096 74 944 76 -77 26 -60 -7 139 -55 -359 543 -2 P) 2,155 -1,332 1,578 1 -14 P) 77 P) P) n -1 n p) 394 1 8 11 P) 223 938 P) P) P) _8 476 310 1 2 P) P) -47 7 39 10 13 32 419 54 11 83 P) 231 P) 316 -110 -25 1 12 P) P) 4 56 1,246 8 -240 46 -2 0 20 294 -1 20 3 -2 -53 -21 -561 38 P) 50 P) 22 -1,075 -42 -20 -19 2 -2 -2 291 -8 293 5 0 -16 0 0 -3 -22 8 -11 583 P) P 642 136 1 -7 0 0 0 D n -18 -80 A -65 0 1 0 -1 0 P) -205 2 Other industries 640 -15 2 1 P) n 0 Services -176 873 H Real estate -56 954 13 252 59 7 485 -58 -9 P) Insurance 3,580 n n p p) 0 Finance, except depository institutions 498 113 o Depository institutions 1,327 -98 -40 -9 P) 128 P) Retail trade 945 824 -2 -9 189 372 579 10 -351 Wholesale trade -111 & P) 2 1 0 0 0 n 0 264 84 20 203 3 3 1 -1 P) -38 P) -25 -2 n 0 -7 7 7 1 0 0 0 0 315 38 16 235 15 2 P) n n p) 11 -896 -1 -171 286 -615 53 92 1 -22 23 -7 1 6 n 0 48 0 -4 27 JA 2 P) 1 182 31 P) 239 17 206 109 51 -61 P) 29 P) 34 0 4 4 26 -184 P) 8 -6 P) -84 n D P) -78 -423 6 272 n P) -49 D P) 733 1,220 -24 -5 91 P) -70 22 60 P) 7 -1 8 208 3 17 186 3 -2 P) 0 P) 5 0 5 1 0 1 3 -16 P) V P) 1 P) P) P) (*) n n -94 -95 1 0 Q 0 2,581 -10 95 63 15 0 -3 -5 26 231 -146 o 0 -1 n -179 61 -13 P) 0 0 0 (*) P) 0 47 133 72 -10 -3 5 8 76 83 698 21 83 P) 1,547 85 5 2,389 219 32 -19 -2 88 p) P) 0 -456 -1 n n -1 -2 -47 ^538 144 -1 -4 4 -1 0 -1,058 6 3 373 43 20 313 5 -245 95 0 319 P) P) 0 0 P) P) 0 100 0 p) 3 0 0 0 2 0 2 0 0 0 0 166 -7 2 -1 -7 -1 1 173 P) -24 A D fl -1 21 202 -4 -72 -47 126 (*) 94 35 (*) -4 P) P) 10 P) -1,356 -198 -2 3 n p) p) n n P) 2 P) 2 0 2 211 0 188 -3 17 7 2 P) 40 0 0 P) -2 0 625 191 4 386 -13 -4 -3 0 5 49 8 -20 P) P) 0 -1 7 P) -36 -15 2 -30 -3 1 P) -2 -3 889 -6 10 n p) 1 -28 -63 21 -81 -8 0 -8 P) 86 P) (*) -2,372 1,408 2 212 218 P) 59 -2 -24 P) 8 218 P) 10 11 P) 2 26 n n 49 17 -3 191 -12 -191 1,443 174 99 1,113 P) 0 5 0 30 1 P) 0 -7 0 0 7 145 270 107 -188 44 -12 P) pO • September SURVEY OF CURRENT BUSINESS 1997 Table 11.2,-Foreign Direct Investment In the United States: Capital Inflows, 1993 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway . Spain .... Sweden Switzerland United Kingdom Other .... Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean , Other Africa South Africa Other ... Middle East Israel ... Kuwait. Lebanon Saudi Arabia United Arab Emirates Other ... Asia and Pacific Australia Hong Kong Japan .. Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other ... Addenda: European Union (12) OPEC .. Petroleum 50,663 -1,213 3,753 143 39,421 1 32 P) -443 654 pi -30 22 6,641 P) 7,802 2,983 -1 475 -28 0 145 0 4,063 666 -6 -110 175 226 2,881 14,109 -893 -156 P) 3,462 -975 -1,261 -1,407 42 191 -1 -110 -494 P) -835 P) -14 P) 432 4,723 3 678 33 -16 139 -686 4,882 0 -135 P) 61 P) 15 0 46 P) p) 495 496 6 60 Q -2 -53 P) 3 7 -14 3,472 -275 312 -477 152 7 164 2,949 -199 187 32 0 ^ -5 0 -336 P) -1 354 26 P) g P) , . 36,596 -*12 -293 P) Total 13,905 1,672 11,845 -10 255 -17 -177 1,783 2,853 -151 -9 -13 201 706 -70 156 2,591 3,744 9 -906 7 16 1 -16 1 5 -913 P) -534 -610 128 P) 34 14 20 82 86 0 P) -2 -2 P) 1,178 340 97 161 -45 15 32 -1 269 231 79 9,296 10 Food and kindred products Chemicals and allied products Primary and 150 -76 -30 0 6,283 36 6,283 985 50 P) 108 43 9 -1 P) -275 P) -1 190 181 2 184 0 P) p) P) o P) q 8 421 0 P) 0 p) P) 0 0 0 0 0 p) 72 -11 8 30 2 P) 9 P) 0 P) 10 P) P) H 0 0 -2 0 53 32 -1 -633 9 4 776 P) fi -20 308 207 0 74 -1 26 -2 -34 59 -1 5 P) P) 2 1,349 238 1,040 -20 -16 2 -10 229 1 '^82 -6 P) P -1 9 38 -108 -458 15 14 15 32 -23 P) 2 3 ( $ P) 32 0 4 1 3 -1 0 0 0 0 -1 P) 150 9 -5 172 <2 <! 0 P) P P) 3 3 1 40 39 0 P) 1 P) 6 13 88 47 -119 2 11 Other manufacturing 5,137 1,423 3,776 9 63 -9 25 770 161 -93 -11 79 687 1 077 1,087 -6 -967 34 -1 50 -8 P) -6 -1,001 P) 107 P) P) P) P) P) H 0 0 0 0 0 890 222 47 611 -14 7 P) J -4 P) 237 19 ^ -2 0 P) 32 -4 P) 19 -37 3 4,632 -5 806 P) 1,138 14 2,756 P) 1 P) NOTE.-ln this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment. -3 p) 368 1,012 2 6 0 P) 295 -7 P) 188 1,466 2,876 -2 -142 4 -14 0 P) -1 5 -146 0 Maricated chinery metals fab- Wholesale trade 5,538 245 2,169 1 -203 -33 P) 238 643 21 -68 1 -10 958 -70 -19 58 -173 545 P) 4 -105 28 -110 16 P) -39 109 P) ^34 -12 122 P) 6 1 5 274 274 P) P) -1 Retail trade 1,431 190 786 -1 18 3 -2 -8 352 P) 4 0 P) 79 fl 2,840 11 40 2,739 -189 61 3 -12 181 45 -40 2 -83 419 P) 297 2 1 1 -1 0 P) 295 P) 111 P) 161 P) -1 0 -1 115 P) P) P 0 0 P) 44 P) -57 102 1 0 0 0 0 P) -1 2,070 P) 870 P) i!) P) Depository institutions Finance, except depository institutions 2,379 10 1,851 89 23,815 396 19,670 P) 65 9 -4 -53 45 P) -158 0 -2 569 ; -4 173 748 -75 198 145 104 -29 14 40 16 53 0 9 32 P) -9 0 -9 185 168 5 0 P) P) 12 144 316 -8 -213 -51 fD\ /D\ 3,011 3,649 P) P) 257 1,743 -1 -4 P) -295 7,217 P) 4,132 -102 -1 -62 -42 -2 25 4,234 501 3 -28 4,108 P) P) 0 P) P) P) 1 0 0 0 P) -178 -102 99 645 *(*) "o Insurance 898 -574 645 1 9 P) 344 -254 5 2 0 P) 336 3 -269 123 421 0 763 P) P) 0 P) -1 P) P o 254 P) 2 0 0 0 1 0 1 0 0 0 0 63 42 -1 22 ( o g Real estate 196 266 267 P) -2 P) -7 -5 85 26 86 1 115 26 -109 -1 -3 18 -3 -1 -21 P) 89 -147 5 P) 80 P) 80 41 0 48 -3 -1 -1 -2 -456 -10 P) -413 -2 P) -15 Services -77 150 -805 P) -80 P) -7 1,344 -39 Pj 3 P) P) -1,116 P) P) 227 -934 2 356 183 2 133 42 1 4 173 3 56 -S5 173 6 36 -1 37 9 5 0 0 5 0 177 71 3 -59 52 Other industries 3,793 1,255 2,993 P) 21 -2 -7 -13 -16 ^ P) P) 36 14 14 50 -30 2,950 P) -404 0 P) -22 P) 25 10 -52 P) P) -2 P) -2 17 -9 P) Q P) 2 -2 -66 121 -28 -200 -12 -1 $ 8 70 1 P) P) p] -1 4 -7 5 -1 6 P) P) 1,665 43 20,024 -4 826 P) 142 44 -968 7 2,964 26 SURVEY OF CURRENT BUSINESS September 1997 • pi Table 11.3,-Foreign Direct Investment in the United States: Capital Inflows, 1994 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Petroleum Total Chemicals Food and and allied kindred products products Primary and fabricated metals Machinery Other, manufacturing Wholesale trade Retail trade Depository institutions Finance, except depository institutions Insurance European Union (12) Other industries 1,665 19,673 -1,375 10,820 1,982 3,826 4,419 5,785 1,532 3,800 3,652 2,759 259 2,303 4,960 177 1,705 480 -11 265 61 909 698 -50 327 785 488 -10 177 664 13,160 -1,903 8,604 1,120 2,666 2,672 2,158 -148 -154 2,383 4,127 -1 3 -17 39 13 451 P) 1 1 162 1,547 -348 -23 P) 59 145 164 20 156 P) P) 42 -15 1,832 218 1,464 -16 (*) -4 (*) _2 33 134 77 20 1 227 4,376 504 95 28 27 125 190 745 878 889 P) 51 2,575 21 552 198 481 -1 27 34 -27 P) 42 2 902 -1 P) 28,002 121 280 580 535 3,881 1,100 D P) 0 P) P) 7,144 -75 443 992 -22 0 0 1,172 -3,174 610 677 1,241 6,493 8,076 a -278 110 2,147 D P) 198 9 18 0 P) n P) 30 -1,341 -407 P) -21 P) 32 -3,027 -534 467 140 337 2 6 3 2,916 3,028 -2,147 2,687 3,162 1,031 20 7 -2 1,709 50 107 49 P) 51 8 P) 70 174 -5 148 97 7 40 31 P) -11 P) 28 444 0 0 0 774 P) P) P) _2 951 1,129 -1,388 P) P -64 -787 1,912 1 n -1 9 212 160 8 0 -3 681 4 8 -79o -115 22 719 1 -129 1,083 -3,374 6 575 13 P) P) 227 P) 407 -4 -4 20 910 228 745 3 -11 P) 85 900 0 -60 20 566 139 685 367 1,134 273 P) -4 106 -230 -222 0 -3 n 3 204 -27 -1 -207 19 136 P) -123 1,231 -92 489 46 -6 -93 -35 577 -2 4 225 321 -8 P) 2 -46 823 P) P) (*) 1*) P) 3 -49 P) P) 2 -3 P) -1 P) n P) -13 -18 -2 -1 -2 5 590 -10 2 -10 4 -1 -1 0 2 118 -29 12 52 72 5 177 169 2 -30 1,129 0 43 55 -11 -28 45 2 -2 -20 141 581 142 812 8' P) P) 0 0 0 -200 35 P) 1,188 0 -25 P) P) P) -8 0 0 0 1,248 -130 -264 135 -15 P) -8 3 -27 3,536 -80 378 1,032 2,727 -520 -31 1,220 24 £ 44 -9 53 161 108 53 -2 81 -42 -37 821 P) P) -9 0 -9 32 0 P) Q P) 3 -3 251 6,238 58 152 40 27 945 114 135 487 533 4 -65 P) P) -1 0 -24 -1 -3 19,012 245 892 87 9,061 1,101 206 P) -25 -8 -17 145 123 P) P) P) 1 n -7 4 0 n 0 n 2 2 0 0 0 0 n 1,123 8 2 0 P) -3 P) M 0 0 3 2 0 1,063 83 92 -49 -4 23 P) -«2 7 D P 0 P) P) P) 8,913 11 -2,393 -1 5,507 6 2,980 479 9 2,197 -20 179 10 n NOTE.—In this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment. Services 46,995 4,767 South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia , Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other, Real estate 5 3 1,021 P) 4 2 0 P) 41 -2 (D) P) P) P) P) -7 -7 -1 6 P) 26 24 0 n 0 P) 609 394 P) 229 P) 1,061 P) 0 0 o 1 0 2 0 1 733 P) & 114 P) P) P) -57 P) P) P) H 0 0 0 0 0 252 _jg -6 259 20 D P) 0 P) 34 -42 2,548 -1 2,518 P) n 6 66 -1 739 -2 175 23 86 P) -15 -2 -14 31 26 P) (*) 4 P) 2,775 23 377 2,336 10 -63 4 17 -13 -23 107 1,005 ~P) 365 1 Q 127 0 o P) P) p) P) P/ (*) p) P) P) -37 P) P) P) n (M o (*) 0 0 19 0 0 67 10 -4 61 (*) Q 0 o Q (D) n -40 55 1,929 5 588 -27 39 414 31 1 0 10 11 50 60 P) -2 -4 0 P) P) -* 864 P) 2,665 100 -3,280 -5 0 -25 73 (*) o P) 0 0 p) 1 122 -161 1,150 6 -9 -240 2 3 11 -16 19 0 Q -187 £ P) 320 464 8 -6 -155 -425 22 P) 48 -17 580 850 1 4,093 120 10 553 n 3 -19 -3 -2 142 Q -224 -1 53 -301 P) P) 234 8 -6 P) -3 175 h P) n P) 30 -3 141 -14 227 P) 5 133 P) 9 1 9 "W 7 69 0 67 -3 -44 8 0 0 P) P) 0 9 -2 -3 0 P) 3 P) 185 n 5 n -1 6 228 163 15 -23 -233 -96 -4 -177 0 -1 -1 P) -1 P) 7 P) P 0 15 -6 6 2,020 P) -154 64 1,984 -22 o 1 n 1 |D\ —70 1 -5 -1 -104 -22 P) i*) P) -•\ P) P) P) o 18 16 n 5,570 33 (*) 33 -105 1 273 -8 26 13 i!) P) 7 P) 4,104 17 SURVEY OF CURRENT BUSINESS 92 « September 1997 Table 11.4—Foreign Direct investment in the United States: Capital Inflows, 1995 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other Middle Easft Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Addenda: European Union (15) OPEC Petroleum 69,414 3,152 7,080 55,300 250 101 -296 671 724 4,500 10,229 2,737 46 -35 3,578 -1,789 352 772 2,333 10,695 20,446 85 -1,121 264 97 -470 336 3 299 -1,385 -3,008 -555 -758 2,831 106 -66 1 -68 2,016 (*) r) 0 P) P) P) 107 P) 0 P) 8,519 504 -266 6,591 844 -45 -32 -5 187 596 144 Total 27,849 2,422 24,764 24 -75 76 58 1,792 5,242 466 -13 -11 ,386 704 44 9 1,250 P) 916 372 -5 -10 P) 57 P) 544 P) -5 P) P) P) (*) P) -298 -36 74 -2 P) ChemiFood cals and and kindred allied products products 2 Q 9 n 457 500 -6 -62 24 7 1 0 -5 1 -3 44,226 1,867 -246 -289 285 81 2,986 1,491 9,957 -9 -870 -1 -fi n n P) 4,049 P) -264 -226 P) (*) -38 0 0 o n -1 -1 0 0 0 0 n n 1,496 167 -19 907 131 -12 17 1 47 -201 485 20 23,009 11 0 7^3 244 21 2,021 -3 184 -61 5 P) P -2 -12 246 0 -57 P) P) -1 P) (*) P) 1,946 -505 546 -234 6,236 11 P) 15 5 990 421 222 49 -1 P) 29 p) P) 195 3,303 299 41 191 4 54 7 (*) -9 17,280 P) P) P) -2 1,951 -339 912 (*) -48 P) -2 1,116 339 137 27 128 39 P) 91 2,753 P) -38 ^33 P) 453 127 178 -29 0 0 471 1 172 -69 2,414 -1 128 32 -1 P) -75 P) •j 1 8 0 0 -1 0 0 -170 -125 -3 S P) (*) -1 3,972 n n 29 -601 227 P) 55 P) 39 -88 822 P) P) P) P) 41 454 -5 P) -2 722 118 960 14 -29 75 46 -13 73 2 -88 P) 3 P) 0 P) 59 (*) (*) P) P) P) -3 P) 0 P) 1 NOTE.—In this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment. -680 1,260 2,006 2 1 -1 P) 332 3,139 3 33 1 4 364 P) (*) (*) r) P) 4,114 2,782 157 8 8 -135 P) Q 0 -1 0 75 -75 P) 162 P) -1 £) P) Other industries 16,681 10,944 2 -50 P) P) 779 11 P) Services 6,566 341 -113 -127 Real estate 1,207 454 3,986 112 3,751 P) Insurance 6,453 -87 312 276 P) P) P) 459 22 Finance, except depository institutions 6,648 621 11,306 -151 P) 127 -1,225 567 P) -67 2 -70 104 87 ricated metals Depository institutions Retail trade Machinery 1,526 4,288 -38 -519 fab- Wholesale trade Other manufacturing 5,596 -351 -93 -8 -69 Primary and 1 0 n -17 29 0 0 8 P) P) 6 6 n 20 19 0 P) n 0 860 120 -13 418 144 P) *8 P) -836 -210 -9 -188 -6 -7 n -626 P) P) (*) P) R p) 0 0 0 0 684 148 -26 350 -9 -377 1 -6 158 ^33 187 29 -74 -213 22 -124 -7 -68 l -169 P) 84 3 1 2 n 0 1 469 P) -10 0 -606 -1U -1 P) P) -12 3 7 P) 1,165 406 0 459 -2,458 766 368 107 110 70 17 64 -237 P) P) (*) P) -2 8 -444 2,058 2 £821 -212 9 P) P) -2,221 -3,147 139 -9 55 P) 95 P) 4 1 3 81 4 35 98 -56 1 92 0 P) P) P) P) P) n 21 22 1 P) 8 P) 3,286 -20 494 -116 -13 508 1 0 -2 0 0 n p) 2,781 656 P, ( n -9 38 0 -2 4 20 3,299 1,178 P) P) 126 228 -9 -2 0 P) 135 P) P) 3 P) -4 -2 -62 61 42 9,273 -6 103 P) 2,999 -7 6,662 P) 3,276 1 Q n 45 46 0 o -138 0 D h n 0 P) 1,641 P) Q T (*) 0 0 n n fi -12 3,143 52 40 2,912 21 1 0 -1 13 47 58 110 5 3,201 48 n -996 p) -6 -993 -208 -141 -607 1 0 0 -33 P) -20 9,053 -34 "o 70 P) P) 1 0 0 0 -2 0 (*) o -2 0 0 84 P) -1 66 P) (*) 6 -1 838 -3 n -•( n -2 43 95 -2 P) -6 5 -300 P) _•( -47 41 -121 -1 -124 P) 291 -14 P) -1 130 P) -17 -17 53 657 -1 137 -181 -8 n n -4 -3 -1 -173 P) 11 -368 145 P) 7 o 7 54 P) 45 -3 P) 2 85 P) -2 -368 -6 1 19 -8 P) P) 143 P) 43 5 126 P) -61 -2 -60 2 -4 5 0 1 0 0 410 -35 -6 456 18 § 15 P) 2 P) -376 33 2,326 -iJB P) P) 35 14 3,399 1 99 12 6 -1 8 95 -4 54 P) 7 (*) 7 -16 -8 -3 0 3 -1 56 74 -1 -1 -12 -3 (D) 2 -5 3 P) P) 872 -17 2,375 -1 SURVEY OF CURRENT BUSINESS September 1997 • 93 Table 11.5.-Foreign Direct Investment in the United States: Capital Inflows, 1996 [Millions of dollars; outflows (-)j Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean . Other Africa South Africa Other .... Middle East Israel .... Kuwait .. Lebanon Saudi Arabia United Arab Emirates Other .... Asia and Pacific Australia Hong Kong Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan . Other .... Addenda: European Union (15) OPEC ... 78,828 5,870 59,809 220 418 -571 133 10,928 16,283 2,538 -12 34 4,257 8,225 318 -335 -1,129 -557 18,929 129 131 447 -99 -447 858 225 -90 -317 28 174 -103 -216 -200 -440 -41 -399 555 3 389 -2 180 -11 -5 13,104 2,129 -653 11,930 -224 84 -30 14 -101 77 -121 59,898 767 Petroleum 8,113 341 5,958 n 4 P) & P) P) n 1,480 116 -8 P) -10 1,896 0 -53 -43 P) -6 P) 183 P) -10 -4 5 203 P) P) -3 1 -4 184 0 P) o Q n 1,706 3 45 P) 2 1 0 10 n 2 5,852 340 Total 29,112 2,455 21,525 -5 -2 -235 573 4,528 1,328 507 -33 17 4,276 3,471 126 58 -1,353 1,664 6,606 -2 65 -129 -93 -43 32 -2 -23 194 38 72 -284 345 24 -15 1 -16 81 65 6 1 3 p) 5,002 -159 n 5,084 -81 83 -26 -1 14 88 n 19,735 -5 Chemi- Primary WholeFood cals Other and sale and and Mafabmanukindred allied ricated chinery facturing trade products prod- metals ucts 2,439 352 2,184 1 9 P) 112 29 278 -101 -1 P) 32 -4 4 -1 299 774 P) -193 23 1 23 n n n -215 P) -85 0 n 0 n -1 -1 0 0 0 0 n 98 -13 P) 90 -1 n h 0 p) 0 p) 1,888 n NOTE.—In this table, unlike in the international transactions accounts, capital inflows are shown without a currentcost adjustment. 6,880 795 5,674 7 223 4 1,662 1,194 P) 54 0 P) 1.866 23 6 -1,560 1,337 817 n -69 -147 -103 8 -5 -7 78 0 175 -114 17 1 P) 1 P) P) P) 0 0 -1 -1 0 387 5,280 428 3,814 5 -66 P) 12 2,375 198 P) -25 8 42 99 P) 439 11 558 -6 -9 38 -7 5 P) 0 P) -47 fl -1 P) P) P) n P) © p) p) o 0 1 340 -2 -4 1 1 -10 66 -4 0 1,048 54 P) 984 -25 1 1 0 4 -2 P) 4,313 -3 3,714 P) 8 -35 14,548 218 861 11,003 -11 -1,149 -6 -9 -322 -154 -136 8 P) Retail trade Depository institutions 9,799 -24 2,140 562 174 750 7,393 -34 120 251 1,777 P) 72 515 1,005 35 248 404 4 -54 1,585 1,638 750 50 -13 -8 268 22 27 617 556 2,300 P) 462 329 64 238 -4 5 26 -341 -303 q 8 P) 4 69 -192 228 -3 279 -61 1 -21 P) V P) 341 0 -1 20 P) P) 1 1 -1 9 -2 0 1 P) n P) 606 -398 -18 1,041 -61 P) _^ -2 30 P) -558 -989 -7 209 4,228 P) 55 19 -47 53 8 3 1 37 \) 190 8 -29 -1 -28 -5 P) P) 0 0 0 0 2,883 197 -7 2,629 133 132 -20 -24 116 -71 -45 & P) 7 9 f) P) -1 -1 P) 2,007 258 37 1,772 214 P) -28 P) P) 27 10,809 P) (*) -32 -2 6,622 1 2 -74 P) 134 844 fl 607 187 64 0 0 980 0 -3 P) 69 660 P) 297 P) 82 31 55 -2,048 -42 264 -1 -1 181 78 -64 P) 11 P) 83 70 •J7 n -i 0 1 298 _P) P) -117 1 P) 0 P) P) P) 0 P) 0 0 n 43 -1 -29 74 1 0 -148 -161 -185 0 n 1,708 -1 P, 12 92 0 n 0 (*) 26 44 5 0 '] -23 -294 -32 -48 -236 -51 2 0 1 14 34 22 -194 28 Finance, except depository institutions 7,775 -1,422 9,044 P) 38 _2 3,461 416 591 P) fi 1,961 4 P) Insurance Real estate 7,739 388 298 1,599 5,352 -1 1 -1 P) 565 3,641 6 0 P) 402 -4,196 7,246 -13 5 7 P) 716 63 0 -345 -138 -213 P) -173 42 -2 P) 476 85 31 P) P) P) -319 -677 1,165 P) P) Q 0 483 2 -2 13,215 -3 P) 48 18 P) 59 -1,004 -835 P) P) P) P) -32 -130 n 3 P) 4 118 26 -316 n -1 -32 -3 4 255 P) r) 32 3 -705 246 64 P) P) n 0 0 0 Q 5 -355 -650 223 1 677 289 P) -1 -7 4 700 0 0 2 -54 -9 P) P) n 8,618 459 5,855 7 105 P) -3 -35 -10 -14 498 2,686 1 -507 -573 -527 -294 Services 1 0 0 87 PI 64 P) o P) -1 n 1 -1 4,632 1 -193 -144 60 248 P) -14 -797 -14 -346 n 398 2 392 -3 6 -1 2 -223 P) -11 82 9 n ^ -1 P) 2 13 -306 392 -21 -349 -2 12 7 P) o Other industries 4,583 1,039 3,386 -1 106 15 0 P) Pj 36 62 2 P) 178 66 -163 1 -348 P) P) -29 6 2 n 8 P) -24 -189 P) -91 1 -92 -29 P) P) o T 0 fl -1 3,475 223 70 3,221 27 P) P) 0 -2 -46 4 625 -4 3 659 -3 -4 P) 3 P) -1 2 5,395 36 3,240 -22 SURVEY OF CURRENT BUSINESS 94 • September 1997 Table 12.1.-Foreign Direct Investment in the United States: Equity Capital Inflows, 1992 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy . Liechtenstein Luxembourg Netherlands Norway Spam Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere Petroleum Food and kindred products Total Chemicals and allied products tions institutions Insurance Real estate Other industries Services 1,286 9,812 535 2,157 610 3,991 2,520 3,517 1,003 3,221 2,003 2,882 5,301 1,208 P) P) ^ / 123 588 337 251 103 265 193 149 457 39 17,818 558 0 0 0 5,887 481 0 0 1,865 197 0 P) 0 2,525 818 2 -1 0 1,621 1,688 998 1 2 3 2,583 p) 8 82 785 8 -91 3 265 P) P) P) 837 P) P) 0 1,707 7 2 95 722 1 -1 0 0 4 P) fl 1 P) A 0 65 -1 P) 4 0 258 0 P) 0 96 0 5 0 464 P) 279 P) P) P) 0 4 0 453 P) P) 0 P) P) 0 0 10 P) P) 0 P) 0 63 0 0 314 0 116 0 P) 48 P) 0 P) 340 392 0 P) o P) 1 67 3 409 4 P) 63 P) 186 162 53 g 306 121 2 97 373 306 148 2,950 8 D 861 ft 0 P) P) 0 5 0 P) P) P) o -7 P) -1 0 292 0 6 -1 107 3,943 0 -37 16 725 0 366 0 219 2 22 A •A P) 116 418 3 0 0 P) 477 0 0 P) 119 563 0 •j P) •j P) 0 0 0 0 32 254 499 0 2,049 78 545 P) 1,726 4,667 68 0 1,109 1,659 0 0 113 374 309 56 ( 'l4 o P) p) 0 P) 0 0 79 51 182 85 317 358 162 1 0 1 0 0 0 26 -5 5 5 13 8 33 0 32 (*) 26 2 4 15 1 3 102 P) 0 P) 0 0 0 -2 0 0 -2 0 0 155 8 78 26 0 5 3 150 P) 87 0 292 20 255 1 12 149 18 0 16 1 "o 0 0 0 0 P) 0 n 0 P) 0 0 o "o p 0 0 0 P) 0 Q 3 162 1 Q 128 0 0 0 -7 0 0 0 P) 14 13 1 7 7 0 0 0 0 0 0 0 n 0 0 6 6 1 n n 0 P) P) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 n 0 0 0 P) P) P) 0 0 0 0 0 0 -21 1 P) 38 P) 123 46 0 77 0 0 0 0 290 P) -2 234 P) 0 0 0 870 P) P) 638 0 1 0 0 830 P) 8 739 6 0 0 0 1,463 P) o 1,127 54 1 008 0 0 0 5 9 2 1 3 P) P) 100 0 2,152 513 1 1,726 136 0 2 P) P) 0 0 0 P) 15,194 n o o n 0 0 8,089 140 129 1 0 1 0 P) 214 0 0 2,091 0 0 0 o P) 0 0 0 o 0 0 73 P) 0 o 9 541 0 34 P) P) 2 0 0 76 219 P) 0 0 238 82 197 P) 9 0 P) P) P) 562 0 189 P) 0 0 n 0 8983 1 (*) 2 19 462 7 (D\ 0 0 P) o 4 P) 0 P) fl 191 5 n 102 (*) o 0 93 n BA 0*T 0 0 -1 -2 0 48 P) 61 0 528 1,536 149 145 435 P) 56 1,327 8 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 0 0 29 373 P) n 0 785 23 8 0 0 0 0 0 0 P) P) "o P) P) 0 324 -47 48 1 2 0 o 2 0 0 0 7 10 0 0 0 21 0 540 •* 5,070 464 0 1 n n P) 8 P) 133 0 7 2 276 0 P) 2 P) 4 0 0 8 n n n -2 P) -155 1,019 0 51 0 n 25 613 p) n 1,984 0 0 P) 64 152 0 45 inS- Finance, except deposi- 626 P) P) 0 0 0 0 Addenda: European Communities (12) OPEC .... Retail trade -43 544 26 469 24 14 11 Asia and Pacific Australia Hong Kong Japan .... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan .. Other ricated metals Machinery Deposi- Wholesale trade 2,466 2,081 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other ..... fab- Other manufacturing 31,635 South and Central America Brazil Mexico Panama Venezuela Other South Africa Other Primary and n 0 1,841 0 n P) 30 1,365 137 0 0 0 B 10 1,535 3 1 o 0 0 0 P) 0 403 0 -4 1 -4 P) P) 'n n 1 p) P) 96 1,399 78 0 0 0 0 54 P) P) 0 2 0 2 63 0 47 0 0 0 0 0 0 0 0 8 4 P) 60 P) 1 P) P) 1 608 4 0 0 0 P 2 0 520 0 o 0 0 0 0 0 1 1,564 2 0 0 n R 20 131 (*) 44 I I 0 0 P) P) 11 P) 0 0 0 0 0 0 0 0 0 0 0 0 993 -11 35 887 0 0 6 0 2,239 250 P) 81 0 54 958 61 2,195 3 V 1 P) 0 0 1 0 286 P) 0 0 0 8 -1 1,010 0 September 1997 • 95 SURVEY OF CURRENT BUSINESS Table 12.2.—Foreign Direct investment in the United States: Equity Capital Inflows, 1993 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Petroleum Chemicals Food and and allied kindred products products Total 289 923 2,450 3,226 2,949 1,150 P) P) P) P) 867 241 119 15,632 28 42 0 5,851 1 98 P) 103 661 143 0 0 1,692 0 542 0 0 0 2,028 1 1,445 0 830 3 4 P) 1 30 848 4 0 1 P) 0 0 3 1,785 5 54 0 26 125 1 5 446 P) 2 0 6 -3 293 P) 0 0 0 277 242 P) 23 0 -2 P) 0 0 53 0 0 0 0 173 P) 61 382 0 P) m\ r) 160 46 0 46 0 0 0 0 0 0 0 0 0 -231 1,845 « Norway Spain Sweden Switzerland United Kingdom Other -5 204 496 1,918 6,439 -73 0 0 0 0 1,038 1,881 0 0 0 0 9 30 0 2,351 (D\ ( ) 394 fD\ ( ) South and Central America Brazil Mexico Panama Venezuela Other 734 97 314 311 P) P) p) p) 0 250 0 P) o o 0 0 0 0 -4 0 0 -4 0 0 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 1,617 16 449 267 859 25 212 0 144 0 0 9 129 6 0 0 0 0 0 0 instrtutions 8,733 P) P) 0 0 0 Addenda: European Union (12) OPEC 1,364 institutions Finance, except deposi- 423 3,134 269 117 3 74 1,556 Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Other manufacturing Deposi- -21 Germany Ireland Italy Liechtenstein Luxembourg Netherlands Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other ricated metals Machinery Retail trade 2,940 "o Africa South Africa Other fab- Wholesale trade 29,674 89 106 1,510 Latin America and Other Western Hemisphere Primary and 75 0 75 497 468 22 0 P) -6 P) 8,179 1,076 107 5,953 240 145 2 0 p) 1 P) P) o 1 34 o 40 o 0 46 0 0 54 102 0 3 0 0 93 0 0 0 P) 180 7 233 P) 153 100 0 1,201 0 381 0 P) o 1 p) «3 0 g 4 fD\ ( ) Q 0 o 321 101 29 P) P) o 13,165 117 39 P) 4,664 0 134 0 0 P) 230 1,264 P) 1,228 0 0 0 0 738 0 2,968 0 5 P) 576 0 1 0 0 0 P) P) 0 0 P) 485 90 0 0 0 0 -72 98 -1 P) 3 P) 84 0 0 152 0 0 0 P) P) 259 0 171 0 6 93 303 0 (D\ ( ) 110 fD\ ( ) 99ft 220 494 443 89 P) 0 39 0 o 18 0 1 P) o o 1,287 4 P) Q n P) p) P) "a 0 o P) -27 P) 174 0 P) P) P) o 2 4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 P) 1 155 3 0 152 0 469 72 P) 9 23 P) 8 (*) P) 3,687 P) 160 0 121 0 0 "o 1,739 160 122 0 0 2 115 5 3 P) P) 0 Q 2,013 3,468 255 4 0 0 0 4 1 0 0 A o P) fi 1,879 3,420 9 0 0 0 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Q ( a P) Other industries 8 0 0 7 1 0 0 0 0 0 0 0 0 P) 0 Services 0 0 0 0 0 0 0 0 0 1,272 270 0 2 0 124 612 0 Real estate 0 0 0 0 144 88 o P) P) 5 P) 0 P) 0 0 -1 "3 i.a 0 0 0 0 0 0 0 o P) -96 35 0 112 0 rp\ P) 8 Insurance o rp\ 0 0 0 0 1 -1 o IJ q 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 300 P) 687 P) 1,411 P) P) 1,113 106 P) 0 0 p) o i 0 -1 0 o 0 0 0 0 g 0 1,388 0 423 0 1,409 0 P) 0 0 415 0 P) 0 0 0 (°) 0 2 0 •3 D P) 4 4 0 0 0 0 0 0 1,310 0 746 0 794 0 n (°) P) 0 0 1 1,809 0 0 0 0 0 0 0 0 p) 0 0 -6 P) 45 45 0 o 0 "o 0 P) 0 1,754 ' 42 T 0 P) 61 p) 0 0 0 0 0 0 1,354 48 842 0 714 1 P) P) o 0 0 0 p) <4 0 p) 1 P) p) 0 0 109 "o o /D\ o 71 68 0 5 0 6 -118 0 1 P) Jb1 o p o 0 0 q 60 P) p) o P) P) p) o P) P) 0 0 0 0 7 7 0 0 0 0 0 208 D P) 38 60 P) P) o 704 4 14 684 0 0 0 0 0 0 2 379 P) 412 21 655 2 193 8 0 0 4 5 3 n 8 P) 0 p) P) 0 p) 0 0 413 P) 0 164 0 0 0 0 P) P) 2,945 P) September 1997 SURVEY OF CURRENT BUSINESS Table 12.3.—Foreign Direct Investment In the United States: Equity Capital Inflows, 1994 [Millions of dollars; outflows (-)] Manufacturing All industries Petroleum Food and kindred products Total Chemicals and allied products Primary and fab- ricated metals Machinery Other manufacturing instrtutions Insurance Other industries Services Real estate 1,159 13,377 284 3,804 1,098 3,304 4,887 3,299 894 3,405 2,170 1,324 3,462 2,767 87 554 -84 P) P) 120 390 268 -18 354 265 194 396 262 378 21,229 90 594 98 389 1,947 628 0 P) 9,288 (*) 80 71 365 967 283 0 0 0 0 3,353 0 594 0 0 0 1,916 i*) 3,142 0 912 0 0 1,751 P) 711 & P) P) 89 P) 93 h 0 783 0 0 0 0 223 P) 1,066 0 0 0 0 1,476 0 P) P) 513 453 0 0 0 0 -14 P) 2 322 4,161 0 3 0 0 193 2,199 173 102 Germany Ireland Italy Liechtenstein Luxembourg Netherlands P) 1,533 0 74 P) 174 0 P) 837 0 31 0 A (°) 0 0 0 -129 432 P) 72 0 0 P) 127 0 0 0 P) 141 193 P) 0 0 0 P) 163 7 P) 0 166 (°) 3 0 10 355 278 -53 P) 0 0 0 545 3 146 n 0 3 0 14 242 0 0 0 P) 449 234 0 0 0 P) 3 3,813 0 474 304 P) 9 0 0 9 0 0 2 0 2 0 0 0 P) 0 P) 0 0 302 2,248 P) o 0 0 0 -94 1 P) 0 0 47 a "o 0 383 "o 0 0 0 145 -19 1 0 0 P) P 3 Q 0 5 0 4 0 0 18 0 pi 0 A0 112 66 1,555 0 59 0 A0 A0 0 n 18 595 69 P) 139 136 0 0 0 0 0 0 2 0 2 0 0 0 569 P) 492 P) 0 0 P) 0 P) 0 0 0 0 0 0 0 0 0 16 0 0 0 8 8 25 0 P, 0 0 0 0 0 0 3 86 0 7 P) 0 0 P) P) 0 0 0 P) Q 0 0 0 P) 0 0 0 0 0 0 P) P) P) 0 0 0 0 0 0 0 24 22 0 0 2 0 0 P) 0 0 0 0 0 0 0 0 0 0 0 372 1,226 0 0 1,028 1 P) 661 2,050 82 0 0 82 0 0 0 0 0 0 1,150 -9 35 944 64 0 0 P) o 451 0 0 n 1,480 (*) 0 P) 15 2 0 0 3 189 46 0 P) 131 2,327 2,595 0 381 0 232 0 2,819 P) 686 74 0 South and Central America Brazil Mexico Panama Venezuela Other 1,043 31 843 120 0 0 0 0 0 0 631 P) 554 59 0 59 0 0 0 0 0 0 0 0 0 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 1,776 0 109 8 14 0 0 0 14 0 71 0 71 0 0 0 50 0 50 0 0 0 466 156 253 0 50 0 6 P) 0 0 122 120 0 0 2 0 0 0 0 0 0 0 0 0 9,885 941 71 8,069 289 P) P) P) P) 2,677 ^0 ( ^0 2,138 10 0 0 3 P) . 78 163 0 0 0 0 0 o 0 16 29 P) .. 16,286 389 596 P) 6,065 2 fl 840 3,216 8,619 2 Latin America and Other Western Hemisphere P) 8 291 1,356 P) Africa South Africa Other , Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other P) 0 Q 0 55 8° 0 0 0 P) o o o 1 0 0 0 7 0 o 92 0 o cc°° Norway Spain Sweden Switzerland United Kingdom Other Finance, except deposi- 2,740 Europe Austria Belgium Denmark Finland France Addenda: European Union (12) . OPEC Depository institutions Retail trade 37,210 All countries Canada Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Wholesale trade P) 0 0 0 0 0 407 0 0 407 0 0 0 0 0 0 o 1,483 0 0 0 ^0 "o 0 0 0 0 0 0 1 o P) P) P) Q ^0 "o 0 0 0 o o 0 9 /*\ 335 0 1,320 2 s 8 1,825 200 0 0 0 0 P /D\ 2,835 0 -29 0 V / o P) 0 0 0 0 0 P) P 6 0 P) P) P) o P) 0 0 0 P) 0 0 A 0 P) P) o 0 Q n o a 5,354 28 0 P) o n P) !] 465 0 -22 -4 0 0 304 P) 184 0 8 453 0 8 0 445 0 o 0 0 0 0 0 0 0 0 0 4 0 4 P) 0 P) P) 10 10 0 0 0 0 0 P) 0 258 0 253 0 0 0 5 6 5 0 0 2 0 0 P) 0 0 0 P) o P) P) 0 0 0 0 2 0 0 P) o 0 o 0 1,049 P) 8 1,551 896 n° 664 0 0 0 0 0 0 1,303 2 0 0 0 p'i 71 0 o "o o P) 0 "o 217 0 P) P) 0 0 P) 1,905 85 303 0 926 P) 769 P) 1,176 P) 4,124 P) 1 % 1 715 "o P) o 0 3 P) P) o SURVEY OF CURRENT BUSINESS September 1997 • 97 Table 12,4,-Foreign Direct Investment In the United States: Equity Capital Inflows, 1995 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Petroleum ChemiFood cals and and kindred allied products products Total 858 4,292 4,974 3,202 1,046 2,134 1,257 P) P) 98 177 252 632 850 28 180 482 1,337 9,930 598 0 0 0 1,647 2,371 1,509 2,644 3,061 1,959 P) 0 0 0 504 0 0 0 0 P) 719 0 7 P) 0 112 297 0 P) 0 P) P) 0 P) P) 0 0 0 r) 0 3 0 5 420 0 0 P) 0 P) P) P) 520 0 P) P) Q 3,603 0 p) 507 0 938 ny\ p) 328 P) (°) 181 1 84 0 0 0 2 P) 171 P) P) 0 0 98 P) o P) -3 240 0 156 H 0 0 P) 0 0 0 105 P) p) 28 P) 0 125 0 82 0 0 P) 82 P) 0 P) 0 0 134 0 0 0 0 0 P) 0 0 0 -2 0 0 -3 0 203 0 P) P) P) 1,956 0 P) 4,335 P) -150 P) P) Norway . Spain!... Sweden Switzerland United Kingdom Other .... 157 90 P) 5,340 7,935 P) 1,536 o 0 185 P) P) 0 0 0 0 0 0 180 Q P) 113 p) o p) $ 431 0 2326 1,296 1 0" 0 5 0 p) 0 P) -7 539 182 P) 0 fD\ P) o p 248 170 0 2,391 P) 571 South and Central America Brazil Mexico Panama Venezuela Other 621 20 75 62 P) P) P) P) 2 0 0 0 0 0 0 0 3 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 1,770 87 591 297 851 -57 3 P) P) P) 0 0 P) -7 0 0 0 P) P) 0 0 0 0 0 0 0 ^0 0 0 P) 0 P) p) Africa Ainca South Africa Other ..... Middle East Israel ..... Kuwait .. Lebanon Saudi Arabia United Arab Emirates Other ..... 0 -12 344 81 243 0 18 0 3 o 0 0 0 P) P) 0 P) 0 0 0 0 P) 0 0 Asia and Pacific Australia Hong Kong Japan .... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan .. Other 10,249 912 24 8,260 686 P) P 0 98 226 64 351 Addenda: European Union (15) OPEC 23,326 279 1,781 351 0 0 0 0 0 0 0 0 0 P) o 0 P) 5 0 0 P) 53 101 0 o 3,683 5 Latin America and Other Western Hemisphere 1,511 fp\ 3 0 0 0 "o o 0 0 ^0 0 0 0 0 0 0 0 0 0 0 0 P) 179 180 P) 2 0 43 P) 0 2 0 P) o P) 0 0 0 1 0 1 0 0 0 P) 2 0 o ^o 2 0 0 0 0 0 0 0 0 p) P) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1,629 259 4 995 P) P 0 0 16 224 P) 140 P) P) 410 533 77 0 324 0 0 0 0 0 4,270 12,517 1 785 0 fDJ P) 125 0 0 0 0 P) 0 0 322 T 45 0 0 0 0 0 0 0 0 0 0 o 0 0 P 7,498 0 558 0 180 P) n 0 0 P) 11 0 1,393 0 8 2,282 1 31 . 500 0 PI 0 P) P) 0 P) 0 P) 2 282 5 0 0 0 1 133 P) P) 179 215 0 P) P) •j P) p) 0 0 28 139 P) 78 0 P) P) 69 Q P) ° ° 0 0 0 0 0 0 0 0 0 0 ^0 P) p) P) 0 0 14 -1 14 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 229 3 225 0 0 0 2 5 0 5 0 0 0 0 0 0 0 0 0 0 0 p) 1,347 1,147 P) p) 1,050 320 1,268 944 P) 0 0 0 0 P) 0 0 0 P) p) 106 -27 6 125 2 0 0 0 0 0 0 P) 8 o 0 0 0 0 2 0 0 1,456 0 457 P) ( 1,101 190 P) 0 0 0 ° 0 0 0 0 0 2 P) 135 0 P) o o 0 -9 0 0 0 4 138 34 133 0 P) o P P) P) P) P) 8 Q 0 P) 136 1,224 968 0 0 P) P) a -4 P) P) 0 0 p) 0 0 0 98 233 0 0 0 0 P) P) 1 0 0 0 P) Other industries 6,058 0 0 P) 5 P) -1 Services -196 15,883 0 38 P) 108 1,018 0 0 Real estate 3,247 1,806 "o Insurance 92 28,902 23 -391 137 238 2,255 8,641 90 -109 P) 29 1,694 Finance, except depository institutions 2,142 366 Germany Ireland Italy Liechtenstein Luxembourg Netherlands Other manufacturing Depository institutions 146 18,488 117 0 0 ricated metals Machinery Retail trade 876 2,748 3,183 o fab- Wholesale trade 10,687 45,057 0 P) Primary and a 3,090 29 0 1,838 0 0 0 0 0 0 0 0 0 858 0 8 443 226 36 0 0 0 2 0 0 621 P) 137 2 0 0 0 P) fp\ 265 0 SURVEY OF CURRENT BUSINESS September 1997 Table 12.5.-Foreign Direct Investment in the United States: Equity Capital Inflows, 1996 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Petroleum Food and kindred products Total Chemicals and allied products Primary and 918 1,301 3,007 fab- ricated metals Wholesale trade P) 130 P) 1,197 T 0 P) 209 P) 0 0 0 a <°l P) P) 0 1,053 14,486 856 4 0 441 2,764 P) 1,220 0 0 293 0 0 0 0 477 P) P) 0 0 0 0 413 0 217 0 0 0 3 P) 3,824 P) P) 0 301 5,517 P) 0 0 0 0 287 0 0 P) o & 776 fp\ fD\ P) 486 P P) P) P) 281 891 P) 0 0 0 0 0 P) o 0 61 565 0 0 0 0 0 -583 P) P) 333 3,154 0 5 0 3 2 2,039 0 0 0 0 81 -30 -1,386 1,226 7,980 P) P) 4,336 0 0 0 0 4,967 P) 1,109 0 P) P) 641 6,048 0 P) 1,068 0 4 P) 0 52 P) 488 0 0 0 2 0 P) 379 0 0 0 0 P) 746 9,671 P) -69 P) 59 2,684 P) 962 P) 4,785 0 0 0 0 4,219 302 2,459 0 P) 0 5,579 332 226 74 31,706 66 133 P) 63 5,038 P) 0 P) 67 11,031 70 258 86 3 0 1,998 5,459 320 838 0 0 0 Other industries 7,579 14,763 91 P) Services 1,959 4,608 o Real estate Insurance Other manufacturing 3,791 P) Finance, except deposi- Machinery 53,030 Q Depository inetihi insniutions Retail trade o 0 P) 208 8 fD\ fD\ Q P) o 0 265 P) o 0 140 0 0 P) institutions P) P) 0 223 5,078 P) 0 0 0 118 -6 P) 88 0 0 0 -126 (*) 2 0 P) 0 131 0 P) P) -127 0 0 0 0 736 229 0 Q ( 0 ^ 0 -96 0 4 P) P) 0 0 2 0 1 53 340 0 0 0 4 265 0 185 ^ 0 0 0 0 33 1,998 1 P) 3,340 P) 942 P) 14 -37 P) P) 61 P) 12 P) P) 227 142 P) South and Central America Brazil Mexico Panama Venezuela Other 303 P) 120 151 0 P) P) Q 126 0 0 0 0 0 0 'P) fD\ 0 0 0 0 0 0 0 0 0 0 0 2 0 2 0 0 0 P) P) P) 0 -5 o o P) 0 0 P) P) P) -3 0 0 6 P) P) 0 0 0 0 0 0 P) Q P) P) 0 0 0 0 0 0 0 0 P) 0 0 0 4 0 4 0 0 0 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U K. Islands Caribbean Other !. 3,038 252 126 -404 3,047 17 P) 816 0 3 P) P) 0 0 0 0 8 0 o 14 0 0 0 14 0 P) 0 o 8 o 499 0 3 0 496 0 P) 0 0 0 0 0 0 0 0 0 0 0 0 P) 0 0 0 0 0 0 0 P) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 72 0 0 919 P) 420 P) 0 636 P) P) 0 0 2,039 0 Latin America and Other Western Hemisphere Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other fD\ Q fD\ P) g /D\ Q P) 1 0 0 0 P) Q 0 0 o P) P) H 0 0 0 P 0 0 0 0 0 0 0 0 0 0 Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other .. 13,795 2,193 -43 10,991 579 52 2 0 35 -37 23 0 3,194 o 0 3,330 P) P) 0 0 39 ^0 0 0 0 P) 0 154 0 0 154 0 0 0 0 0 0 0 Addenda: European Union (15) OPEC 30,447 271 2,599 P) 9,350 0 488 0 842 0 P) o o 3 P) T P) 0 0 0 0 0 P) 0 Q o ^0 o 0 0 0 0 0 P) 0 0 0 o P) o o P) 0 0 3 $ P) 53 0 59 -6 0 0 227 0 0 24 0 6 0 0 0 6 0 140 P) 0 2 P) 1 39 0 0 -9 49 0 0 0 0 -2 0 -2 0 0 0 0 0 0 n P) 0 0 0 0 0 0 -1 0 -1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 P) 4 0 1 0 0 0 3 -1 0 0 0 0 0 0 0 1,986 -2 (*) P) o 0 2 0 0 0 0 494 (*) -37 519 16 0 0 0 0 0 -5 P) 0 1,628 P) 0 1,567 3 4 0 0 0 0 P) 981 0 5,000 0 2,967 0 565 0 -699 -1 n 0 8 o o 1 ^P) o 0 0 8 8 P) Q 0 0 0 0 0 P o 0 0 0 0 0 -1 a P) Q (*) o P) P) 0 0 0 1 P) o 779 P) P) o ^0 6 0 0 0 0 0 0 0 0 0 0 891 0 4,049 0 P) 0 273 o o 0 0 0 0 0 0 0 4,509 P) Q P) 0 0 0 0 \) 4,192 574 0 0 573 P) o o o 0 0 0 0 0 0 0 0 0 0 0 6,015 0 4,332 P) 8 379 P) September 2997 • 99 SURVEY OF CURRENT BUSINESS Table 13.1.-Foreign Direct Investment in the United States: Reinvested Earnings, 1992 [Millions of dollars] Manufacturing All industries -12,212 All countries Canada Europe Austria Belgium Denmark Finland France Petroleum -128 -151 . Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other 10 •4,121 624 -117 -112 -87 -77 -1,047 -1,318 60 -285 -45 -33 -1,012 fi {*) P) Chemi- Primary Food cals and and and Mafabkindred allied ricated chinery products prod- metals ucts Total 346 657 354 -43 113 0 2,275 -758 -5 4 P) -21 n -660 -10 -630 (*) p) o n 380 2,190 -1,980 22 P) -19 4 -188 -513 -24 -213 I*) P) -30 P) -2 P) 302 1 P) 1 -18 -34 -1 P) _3 -1 1 24 79 (*) P) 0 0 353 -2 0 6 P) 17 -31 1 2 P) Other manufacturing Retail trade Depository institutions -1,407 -129 -1,872 -623 -183 -106 -536 -213 -2,277 -1,726 232 137 -189 -1,855 -2 -1 P) -7 -1,078 -4 -39 -8 -22 -629 -485 -412 -407 -400 P) 2 (*) P) -469 -1 -6 -24 138 -125 -12 -4 -93 13 -56 $ 1 0 -13 -161 P) 0 n Q -4 -62 28 -2 -20 2 -65 23 0 -2 0 P) 103 7 -1,079 -47 -253 -53 70 -6 -22 South and Central America Brazil Mexico Panama Venezuela Other 244 36 -86 243 32 21 12 P) P) -7 P) -4 -23 2 -4 -4 P) -2 -6 -14 8 -1 3 0 3 ?! R 8 9 0 2 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other -1,323 37 Latin America and Other Western Hemisphere Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Addenda: European Communities (12) OPEC B -49 1 -277 -721 -363 0 -64 -64 -463 -103 -136 -4 £ P) -6,433 •421 -66 -4,992 -262 -10 -53 -4 -63 -30 -130 -3,237 -269 0 T P) p) Q 2 0 0 -642 P) o P) 0 0 0 0 0 0 0 624 -69 -107 n P) 0 3 -56 -4 28 -61 P) -33 0 -33 3 3 0 n 0 n n -1,597 -83 4 -1,363 -105 -8 -2 -1 -5 -19 -526 -4 3 -50 0 1 n 0 o 0 0 0 0 n •4B 32 -1 -84 (*) -47 n -242 $ 1 0 17 5 0 P) P) 0 -18 0 0 -10 P) P) -6 0 -8 -17 0 -17 0 0 0 -9 0 -9 0 0 0 0 0 0 0 o Q 3 3 0 0 0 n n 0 ^ 0 -105 9 0 -127 93 0 1,959 -1 NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. n -102 P° P) 0 fl n -288 -159 -77 0 0 0 0 0 0 0 12 1 n —2 -6 -134 0 0 0 0 n -253 -50 6 -101 -105 0 1 0 0 0 -3 -185 0 o -636 -66 -4 -539 -2 0 -1 0 -1 -23 n -1,532 n -222 -7 1,152 5 o _2 -46 P) -29 0 528 -48 -261 -337 n P) 8 -25 0 0 0 0 0 -535 -8 3 -512 1 0 Q 1 P) -17 -862 -3 -258 15 -137 8 57 29 -66 P) 16 P) -17 (*) 9 0 -1 1 8 q P) P) ri ( -1 0 -1 1 1 -18 6 P) V0 6 0 0 0 P) -124 5 (*) _Q -117 ^97 0 P) 2 0 0 0 0 n i -2,402 -765 -366 -2 -417 -878 -1,046 8 n 3 1 0 0 225 -3 2 -74 -40 -6 4 -2 n H -2,584 -176 -292 -47 2 -1 -322 16 -44 P) (*) (*) 65 8 n "o Other industries -105 n 0 P) -35 -16 -80 P) -1 10 Services 13 1 $ -464 n Real estate Insurance -29 n -141 -18 -12 78 -47 -147 n -297 institutions P) -51 -39 1 -309 -3 -441 tory 1) ° 1 11 -1 6 0 11 269 1,379 -1 5 P) -89 Sj 7 3 P) P) -64 -2 0 6 -4 270 0 -43 103 Finance, except deposi- Wholesale trade -1 0 -274 P) -189 n n 0 3 P) -1,181 -111 -43 -902 -216 P) •j -2 o p) 0 ( o -198 ^ 0 4 0 n P) 0 0 0 0 0 -8 0 -81 n 1 -31 -4 -3 -2 -13 -214 6 P) (*) P) -7 -1 -762 -4 P) P) -148 n -426 6 1 -26 32 (*) -34 -1 -2 -128 -8 1 -21 -12 -44 -4 -178 5 1*) P) P) b p) 0 -431 -1 -3 -350 -8 P) -49 -15 -8 0 -8 -1 0 -1 -10 P) 0 0 0 -33 P) P) 0 -1 P) -2 n -15 -108 0 -100 -3 -1 -1 -4 -19 -21 -3 12 -1 -37 n -129 n -76 -1 ° 0 -1 <2 3 P) -39 3 -816 P) -143 n -1 -912 -28 -10 -4 -5 0 -36 -39 -75 P) P) (*) -260 -1 -265 o o n 0 35 2 -18 -404 -83 -84 1 0 0 0 n 8 -11 246 3 -173 -371 -445 0 0 0 o -66 P) (*) -16 -29 172 0 -22 8 n i*) p) -4 66 -243 -10 -633 -107 o -411 P) n -886 P) n 0 1 -e 3 -1,067 -7 -114 6 -377 P) _1 -441 -4 0 P) n -3 -5 -4 -199 P) 1OO • September 1997 SURVEY OF CURRENT BUSINESS Table 13.2.—Foreign Direct Investment in the United States: Reinvested Earnings, 1993 [Millions of dollars] Manufacturing All industries All countries Canada , Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean , Other Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other .... Asia and Pacific Australia Hong Kong Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan . Other .... Addenda: European Union (12) OPEC ... Petroleum ChemiFood cals and and kindred allied products products Total -7,761 490 -1,458 -166 2,523 456 98 41 -226 P) -1,901 -71 648 332 -4 8 -18 -43 -418 -27 -84 -1,120 -619 46 -202 -27 29 -963 i!) P) (*) P) (*) P) -2 0 0 187 42 1,946 -21 -2 0 P) 31 876 P) -421 221 42 -48 183 25 19 -36 131 -507 -642 45 -285 -156 -265 77 P) P) -188 P) 0 P) -3 0 -141 P) -251 5 P) 4 0 P) 0 P) 0 P) 0 0 -459 -442 -25 -4 -69 -14 -88 0 -17 0 0 0 0 0 0 0 -1,216 6 610 56 -174 -4 -43 P) P) P) -10 -4,627 n 8 8 44 -9 P) -23 0 -23 19 18 0 0 0 P) -54 -187 2 5 -2 P) -81 0 P) P) -2 0 n 0 n n 0 0 0 0 0 n 0 n n n -1,389 -37 9 -1,277 -25 -78 -19 P) -65 2 S fl -14 P) -19 -3 -5 0 720 -6 50 0 Other Mamanuchinery facturing -2,190 -1,091 P) 325 -1,616 -2 -1 -12 -135 n -15 4 -2 n -9 -362 -21 -2 -132 ^79 -20 n o P) 0 P) n P) 4 n 0 p) o p) 0 0 0 0 0 0 0 -138 13 0 -143 -1 0 0 0 0 -6 n 2,410 n 10 8 _g 35 ^302 n -71 18 30 -3 -232 4 5 -12 -4 -92 -1 20 2 -2 -10 -85 -1 25 18 0 2 0 -4 -94 n -11 -98 -8 -2 -44 101 121 2 n -4 0 -51 1 17 3 i:l -1 0 0 0 0 -1 n 0 0 0 0 0 n -120 9 -5 -108 3 0 0 0 P) -123 0 P) p 0 n 0 n 0 -649 -14 _6 -604 -1 0 <3 -9 -14 n -983 n n P) $ P) -1 P) P) 0 -404 -26 P) -457 3 0 -1 P) P) -635 -6 0 0 19 42 6 -4 -18 •J -1 -15 3 4 -150 1 30 P) (*) 0 0 n -93 -1 -7 -64 1 0 0 0 0 n -178 P) 589 -690 n n -3 -708 o -1 4 -9 -1 (*) 0 (*) 322 P) 137 -9 104 -1 P) -0 3 1 0 0 -51 n P) P) P) -89 148 0 99 32 312 66 44 -29 14 18 19 50 P) 33 0 -18 30 P) 18 -27 -9 -2 P) 0 2 -5 -9 0 -9 0 (*) Q 1 1 -1 P) 30 5 -67 -1 1 (*) -749 -1,554 -367 -25 P) P) p -4 P) P) 309 -383 n 15 0 -1 -482 -2,360 -114 3 105 -181 -1 -45 4 6 0 6 161 -196 n n -385 Services -6 -5 -42 -W n institutions n 7 -344 8 35 8 0 P) -1 2 Q P) -3 -1 -24 0 -22 -465 -113 1 -18 -8 -28 -6 111 -55 0 n -211 -1 -251 n -108 -27 -2 -2 -219 JB -159 -49 2 P) 6 -1 -15 3 -83 7 -10 3 8 9 -4 -32 n n -5 -25 0 0 -114 n -72 -1 9 -44 -77 -1 -51 -58 P) (Dj -14 -14 n -4 0 -4 -1 0 -1 -20 0 -14 -4 -1 -1 -2 -6 -2 0 0 0 -4 0 -24 -9 -4 0 n 170 13 6 3 191 0 85 -27 (*) 8 -1 0 0 0 -1,693 -10 -1,412 -93 -4 -5 •4 8 19 -63 -516 -41 n 0 P) -57 -58 5 0 P) P) -4 -129 Other industries Real estate Insurance -111 3 J3 tory 75 -92 P) 0 0 0 0 0 0 Finance, except deposi- -165 -41 14 -8 0 0 P) P 2 108 -67 -63 P) a P) 4 0 -283 n -109 -1 -2 -1 0 P -266 -1,835 -21 -79 0 0 6 P) 0 D -3 -14 2 2 Depository institutions -316 (*) ( -77 -701 -563 -219 Retail trade -356 Wholesale trade -10 -171 (*) NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. -634 -4 0 4 P) -69 -1 -19 P) -571 1 -439 -189 -131 ricated metals 32 0 7 -1 22 -37 565 136 -27 -5,592 -20 -4 -127 fab- -16 0 0 171 128 5 -27 -2 -2 51 -13 -7 -658 -1 8 -10 -1 2 1,313 n -276 -303 315 21 -12 -11 50 2,679 -1 19 5 0 10 244 1,244 -1 19 n -296 158 0 (*) P) P) 46 Primary and 1 0 0 0 0 0 0 -9 P) n -471 n 0 0 0 0 0 8 •3 1 0 -1 0 -1 ^389 P) -1,019 -12 -8 -733 -939 -728 -2 43 -1 -46 2 -9 -638 -18 22 -2 P) T 1 -7 3 -782 -410 -20 -1 -365 -8 0 -7 0 -3 -6 -2 -22 -12 September 1997 • 1O1 SURVEY OF CURRENT BUSINESS Table 13.3.—Foreign Direct Investment in the United States: Reinvested Earnings, 1994 [Millions of dollars] Manufacturing All industries All countries Petroleum Total Food and kindred products Chemicals and allied products Primary and fab- ricated metals Machinery Other manufacturing Wholesale trade Retail trade Depository institutions Finance, except deposiinstitutions Insurance Real estate Services Other industries 3,857 327 4,531 930 2,965 -608 150 1,094 1,200 174 267 -161 1,055 -1,914 -1,787 1,912 286 1,206 669 15 29 97 395 -55 61 -69 199 371 -101 -88 101 4,136 -25 182 -22 -61 -1,087 -105 (*) P) (*) •) P) 3,400 -28 50 -1 -52 -588 276 0 2,905 -623 2 P) -37 P) 836 13 9 -24 -4 22 105 P) 56 P) V -61 57 4 -1 P) -2 34 298 1 1 -1 P) 69 -697 P) P) 1 310 804 -12 -12 3 -9 P) 717 5 -4 62 38 P) -4 -6 -3 -260 -879 (*) -19 -Q -2 -397 404 -1 14 21 Germany Ireland Italy Liechtenstein Luxembourg Netherlands 1,255 181 17 -16 -344 578 -137 1,203 24 33 -10 -292 506 2 5 P) -1 1 -5 641 51 0 8 277 11 P) 231 9 5 -9 -311 40 321 4 38 1 20 -84 102 0 2 0 -9 14 -21 -22 4 -114 1 -36 0 380 43 320 0 325 -4 -3 -369 Norway Spain Sweden Switzerland United Kingdom Other 58 187 -25 698 2,551 -1 P) 48 -177 P) 39 1 139 563 1,817 -3 n n n p -16 3 3 Q -28 442 1,345 -1 -1 -2 51 P) 600 -4 -1 6 118 50 343 6 0 -7 0 12 -12 1 3 181 -27 2 337 -11 -1 P) (*) -132 -79 P) 4 8 P) 15 270 0 -14 -30 -215 -1 331 123 -58 -1 P) 16 22 127 P) 228 -56 P) South and Central America Brazil Mexico Panama Venezuela Other 147 88 -177 148 25 63 20 P) 1 -307 -2 -71 -234 9 0 9 -1 -1 -73 -1 -80 8 0 23 -1 15 P) 1 1 132 84 ^35 -61 1*) P) P) P) 0 n 3 ^0 1 58 n n 9 1 -28 -3 -2 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 184 49 135 -68 63 4 102 2 13 96 104 14 62 30 -2 -38 -6 -1 -13 -16 -1 Africa South Africa Other -16 (*) -16 2 0 2 -25 0 -25 P) -227 P) -3 -207 -17 P) _g (*) -9 -129 P) 26 P) 25 0 25 P) 1 P) -4 0 -4 4 0 4 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other -9 -21 26 -2 12 -6 -17 8 0 P) 0 P) 21 P) P) 1 0 14 0 18 -Q -1 -1 1 6 6 0 0 0 0 0 -18 -7 -3 0 -1 -6 -1 -2,497 475 28 -2,140 -126 7 -6 -8 -41 62 3 13 -1 0 3 -828 -109 -2 -700 -206 -94 fD\ /D\ Q -862 -36 -22 -760 -2 (*) 3,502 42 Canada Europe Austria Belgium Denmark Finland France Latin America and Other Western Hemisphere Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Addenda: European Union (1 2) OPEC 8 0 0 -47 P) : o fl0 n 0 0 150 P) -3 0 n n "o 0 o 250 -1 -9 (*) 100 0 A 76 -1 -15 0 4 0 P) 0 Q n n *0 > P) Q P) fi 361 P) 5 17 -33 112 P) -3 98 n p) P) 3 0 "o n 46 -1 9 •3 0 17 0 0 -8 P) 5 4 0 1 0 0 0 0 0 -14 21 P) ^57 7 P) 4 0 P) Q 61 11 0 22 -4 0 0 0 0 32 28 -61 P) 96 -13 0 1 0 0 0 P) -173 20 2,752 6 44 0 2,503 -599 P) n n 0 0 0 -14 26 17 -63 -9 7 5 0 2 28 -25 n n 1 0 1 n 0 -220 -223 $ 8 8 0 0 0 0 3 -39 0 0 0 0 0 0 0 NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. i 0 P) 0 0 0 0 ° 0 _3 53 (*) -49 P) o 0 8 P) V) 159 n P) -198 12 149 -4 P) -1 17 P) 96 0 77 0 (2 5 35 -7 -32 12 -3 -4 0 -4 P) -2 0 -2 P) 0 P) 0 0 0 P) P 0 0 0 0 0 21 21 (*) (*) 0 0 P) P 0 P) P) 1 0 0 P) n 0 -47 -36 5 0 0 n n -17 0 0 -83 3 4 -76 1 0 275 5 32 272 -36 -1 4 (*) -24 15 39 18 -383 -47 1 -335 -2 0 0 0 (*) *) 51 2 n n -560 -21 7 -633 -38 1 0 -8 9 23 -2 91 -1 723 15 n p) 16 o P) n 0 p) p) r) 646 P) n 654 2 o P) 0 n -5 25 n 0 -1 0 0 0 n 0 P) 0 n n 0 1 48 0 n n -4 -4 P) n -109 17 P) ^3 P) -633 2 7 -5 -9 179 26 n n 59 35 n -19 1 P) 66 n -9 241 -5 -259 7 -121 -31 45 1*) P) 8 -1 1 n 3 _Q -1 n o -1 -26 2 -10 187 1 560 -7 -348 13 0 164 P) 0 -1 0 2 -6 3 -1,052 n ( 5 2 a -86 8 n -98 -3 -2 -6 n -3 (*) -1 407 -5 SURVEY OF CURRENT BUSINESS 1O2 • September 1997 Table ISA-Foreign Direct Investment in the United States: Reinvested Earnings, 1995 [Millions of dollars] Manufacturing All industries All countries 11714 Petroleum 7,113 1,447 Canada 2,839 33 Europe Austria Belgium Denmark Finland France 6,476 57 -3 91 1,291 Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean . Other Africa South Africa Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other ... Addenda: European Union (15) OPEC .. 629 932 1,164 2,035 420 1,608 P) P) 243 124 4,947 -3 139 18 -19 569 170 0 -4 1,808 -3 117 578 2 8 71 8 375 810 -2 2 -9 14 71 8 2 -18 P) 1 -46 418 P) 0 (*) 444 958 43 54 -12 68 1,177 85 21 50 397 1,408 -6 -1 1 -1 388 2,969 9 -10 0 P) 89 977 P) A n P) 0 -25 516 368 110 -135 p) 466 90 -20 381 25 -10 -50 -187 (*) -130 -98 58 160 4 15 P) P) -134 305 666 264 38 -22 19 2,139 63 210 -582 -187 128 -27 -71 58 8 148 95 67 -2 8 ( 4 -2 -151 h r) 1 0 1 -1 0 "o 213 3 0 17 -8 12 fi n p) ? 52 P) 8 3 (*) 3 -162 P) 285 P) 9 P) 413 0 3 P) 0 -126 342 0 1,212 14 4,483 P) 355 0 1,245 n -3 -13 -1 3 (*) 249 -27 390 7 0 -2 0 21 -9 P) 1 148 -65 -1 102 2 -1 45 -41 -90 -15 n 3 5 P) -4 210 0 170 775 -5 n -30 -158 -204 1 P) 0 0 327 31 0 0 -4 35 P) P) 33 n 0 0 0 3 0 22 n p) p° p) P) 0 0 0 2 0 2 0 13 13 -2 -2 9 0 n n 0 8 0 1 P) P) 919 1,419 P) 1,070 2 R 3 2 96 0 -19 26 "o 7 89 0 -10 -20 -13 -3 i -57 1 -5 17 -71 1 0 n 206 70 -5 44 -8 0 r 28 23 -27 -3 34 1 661 1 -2 653 -22 0 16 1 -3 -20 38 3 1 545 P) n P) -42 0 0 481 17' 23 2 n 195 p) -201 0 fit n 50 0 9 -663 3 3 3 -41 •4 2 -7 -28 -323 2 -1 -23 -32 -209 -1 0 189 P) 3 0 257 P) 9 2 37 6 P) 1 1 -1 P) 199 -41 12 160 -6 0 0 0 111 22 1 -2 38 253 -3 256 18 0 135 0 0 0 0 0 103 0 -210 3 3 -72 -140 3 8 3 8 (*) 0 0 0 -34 206 P) -44 209 ft 6 -262 P) H 0 0 0 0 -328 -29 0 0 0 0 3 0 279 310 92 96 13 P) 0 $ 48 127 5 69 1 1 1 P) (*) P) 115 43 1 31 5 1 1 0 0 0 0 0 3 -3 317 1,053 18 9 97 P) 69 1,582 -140 -1 -1 -110 478 -299 -3 28 9 R -1,887 396 P) 700 36 13 501 -51 667 213 -48 P) 0 P) 12 26 0 -8 -118 406 (*) n 2,558 -56 -34 0 -34 P) Real estate 71 217 P) 0 0 267 Insurance -118 -2 ^1 0 n 2,117 institutions Finance, except depository institutions 28 P) 30 1,825 123 7 1,642 6,058 110 -1 -157 D 8 3 0 -1 -3 -68 221 68 -198 -47 -12 -157 n 56 0 0 490 135 P) 6 3 1 3 n -10 8 10 0 10 NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. 2,353 Deposi- Retail trade n oCooC Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Total Food and kindred products Chemi- Primary Wholecals Other and sale and Mafabmanuallied ricated chinery facturing trade prod- metals ucts 82 -63 -2 62 P) 59 0 0 0 -4 0 0 -32 -24 59 8 -725 53 -1 0 1 -678 109 P) 284 21 n -160 -4 0 P) 8 -1 -237 0 -1 -256 -4 -5 -8 -20 20 -135 n -24 29 n -3 1 -20 65 -16 2 20 20 250 -4 -100 •*4 -30 -2 P) 2 4 P) P) "? -48 33 -33 -5 -6 135 -64 -5 1 -27 -20 -2 -218 60 65 6 0 0 0 -362 505 -1 25 28 0 108 12 6 1 -10 1 -19 -19 -2 -3 -3 0 0 0 n -473 232 25 3 2 0 P) n 94 30 P) -13 469 -920 -33 -1 0 -1 1,767 26 33 1,673 -53 1 0 -1 13 48 28 96 1 0 -3 0 0 30 1 P) -2 -251 Other industries Services 4Z -5 -18 n $ 2 0 2 P) 2 2 0 0 0 0 0 P) -5 -3 0 -522 81 -6 P) 9 -177 -26 -553 -2 -17 -1 -14 2 -7 Q -626 54 3 1 -483 1 1 n -12 n 503 -6 September SURVEY OF CURRENT BUSINESS 103 Table 13.5.-Foreign Direct Investment in the United States: Reinvested Earnings, 1996 [Millions of dollars] Manufacturing All industries All countries „ Petroleum Total Food and kindred products Chemicals and allied products Primary Other and Mamanufabricated chinery facturing metals Wholesale trade Retail trade Depository institutions Finance, except depository institutions Insurance Real estate Services Other industries 14,060 2,320 9,574 581 3,788 635 957 3,613 1,489 138 -24 251 1,730 -1,104 -935 2,587 262 991 269 107 209 229 176 -105 96 243 277 622 -91 71 221 10,884 -5 200 -33 -240 769 1,796 6,915 -9 154 33 -125 732 459 0 3,303 P) 374 2,180 3 6 14 -56 320 1,502 -2 4 132 -64 -24 96 P) 59 P) 201 -12 -94 -18 -1 P) 635 -390 -599 P) -9 -107 599 -3 -2 -14 -80 -18 824 -1 56 22 0 78 Germany Ireland Italy Liechtenstein Luxembourg Netherlands 617 348 150 -16 131 3,062 P) 7 P) 0 139 0 9 -4 44 87 204 30 4 0 -1 142 80 61 22 284 3 7 6 49 207 55 0 17 (*) _g -74 Norway Spain Sweden Switzerland United Kingdom Other 16 178 297 1,315 4,089 7 16 0 P) 54 931 0 295 South and Central America Brazil Mexico Panama Venezuela Other 414 37 -126 430 37 37 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. islands, Caribbean Other -119 99 -334 154 -23 -16 Canada Europe Austria Belgium Denmark Finland France Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia , United Arab Emirates Other -109 n 5 -20 n 22 n i p) 271 -589 137 46 0 0 P) -66 18 13 (*) -3 -52 195 45 6 0 P) 360 -39 -7 -1 -9 -1 -131 43 -9 JS n P) -29 -6 -2 0 2 -36 119 -1 949 2,322 1 3 P) 178 2 18 0 2 569 452 -1 P) : , 25 -5 87 P) -2 105 P) 318 -1 1 120 212 1,287 n -8 5 477 88 331 7 0 -3 0 20 25 1 1 207 -6 -110 65 1 -1 -28 P) 227 -100 n 5 4 P) -44 135 0 -144 -1 190 -230 -169 27 -66 27 -50 189 -34 272 17 384 -100 15 g a -136 2 -46 -92 -1 0 -1 3 0 3 2 -3 -3 P) P) 0 -46 8 -47 -7 0 7 2 1 -1 3 ~o 176 57 -37 P) 11 P) -8 33 175 -94 96 0 -1 12 85 0 22 29 -17 -12 22 -1 2 0 2 ny\ 3 n 55 52 4 0 n n -1 -97 1 -5 316 -440 P) 10 86 -1 P) 3 P) P) n o o n ny\ P) Q -2 0 o 0 8 -99 61 -53 n -136 0 -136 6 -1 6 1 0 n n ^1 14 n 0 -168 P) -48 0 0 Q n -1 -1 0 0 0 0 n 315 10 13 899 -684 -13 -11 -1 -72 157 17 74 P) 0 38 P) 5 0 0 0 0 0 2,028 116 27 1,900 -118 8 2 8 121 -35 -5 0 0 Addenda: European Union (15) OPEC 9,567 176 1,725 19 5,860 2 191 0 ( 543 n 46 0 0 968 22 -13 tt P) (*) (*) NOTE.—in this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. n n 0 Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other /D\ 13 10 -29 fD\ n -18 8 5 556 978 101 52 -9 108 1,257 88 -38 129 -2 fD\ fl 15 fD\ "o p) p 6 3 i!) P) 1 0 0 P) -8 Q -8 Q P) 0 ^ 0 0 0 0 0 8 8 0 0 0 0 326 27 0 228 0 0 0 0 0 71 120 P) P) 111 -39 0 1 0 1 0 P) 2,717 294 P) n n n R 0 65 46 0 n ( 30 0 0 10 20 0 si 182 -1 0 -1 1 i 1 0 10 -31 n P) o p) p) p) Q 0 0 0 0 102 1,459 186 292 P) 9 0 0 8 P) P) 1,257 5 -1 1 681 1,977 P) 0 n •3 P) P) 5 -23 127 P) -1 0 -1 1 J (*) o 0 1 "w -15 28 P) P) o P) P) 0 0 n fl 0 -5 0 0 n -1 -797 -32 -20 -727 -97 2 0 1 14 34 27 1,410 1 76 -1 309 31 3 31 81 -5 "o 2 4QR •4 p) 4 -219 -72 44 P) 621 P) n 4 -16 2 P) 201 -56 -8 -15 85 54 -1 » -0 -63 -7 -225 -34 -2 31 J -3 | | 8 55 470 n irti -309 1 -2 T 6 2 1 -151 28 -107 -87 17 -2 -37 P) 12 -1 -20 P) -58 -27 -158 P) 0 0 0 -16 -16 n -1 0 -1 17 0 17 P) 4 0 0 ^ 0 0 4 -1 5 0 0 0 0 -19 -3 P) 0 n 0 3 0 0 122 -1 127 -3 -1 -1 1 4 -17 86 P) 8 n 8 n 0 -15 1 -1 0 P) -2 n 0 -1 -545 P) -18 ^70 P) (*) _g -1 -43 1 -5 -404 -108 25 -284 -14 P) P) 0 -1 1 2 -120 -11 5 -74 2 -3 P) -320 1 674 3 -374 121 -624 10 830 -13 o n>\ -4 P) -1 2 -57 0 D p) $ -4 1 SURVEY OF CURRENT BUSINESS 1O4 • September 1997 Table 14.1,-Forelgn Direct Investment In the United States: Intercompany Debt Inflows, 1992 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe . Austria Belgium Denmark Finland France Germany Ireland Italy .. Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere Petroleum ChemiFood cals and and allied kindred products products Total Deposi- Retail trade institutions 37 560 -1,803 423 241 -164 100 36 196 -38 18 254 56 -9 276 -54 P) 1,003 P) -1,955 P) 19 188 0 191 n -1,143 (*) 162 8 6 1 127 153 -111 10 P) -98 8 fl 277 -769 534 1,470 -234 -313 -198 17 P) P) -44 4 23 -117 -4,316 11 557 227 253 -1,726 -1,787 (*) -883 30 1,122 0 -3 -4 -1,170 4 -47 12 -1 81 -369 « P) -100 5 37 -45 -8 -58 576 163 82 P) p) 10 8 -747 22 -58 P) 65 -355 -80 309 23 1 164 -739 -4 139 0 4 0 0 94 -298 29 46 0 P) 779 37 3 -19 0 7 P) 229 717 -1,218 -7 2 1 P) -25 P) -9 2 1 26 -118 42 -304 -fl 1,735 996 -6,793 48 0 0 -702 "o D P -2,311 "6 182 -44 266 139 -156 -23 (*) P) P) 8 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean , Other 2,084 1,109 -246 1,407 -386 200 -58 -13 1 -14 4 0 4 -6 -1 -5 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other 325 -104 267 0 P) 19 P) 104 0 P) 0 <i -5 P) n Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other 1,849 301 119 1,148 267 P) 53 P) -294 86 124 100 -30 -441 -174 19 90 13 2 57 -2 -438 -2 23 -1,961 -77 -1,937 -7,683 299 P) P) -160 P) 4 n 0 1 2 4 126 447 -642 -369 n n 1,132 P) P) -28 -4 P) 3 P) 9 P) -2 P) 1,160 50 P) 1,257 P) P) P) -1,248 0 0 0 0 p) 0 -246 -741 2 P) 0 n 0 2 P) P 0 11 P) ->333 -505 2 126 27 870 9 4) -19 3 10 -2 -4 3 P) -2 -2 P) -27 P) -7 -11 1 P) 27 27 0 0 0 0 256 D P) -28 0 P) 78 128 3 10 P) P) o -4 -4 -1 8 & P) -11 P) P) 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 -2 -2 0 0 0 0 0 75 -45 -1 45 P) -512 -19 -3 -54 (*) -•) (*) 1,129 2 -37 0 0 51 0 0 0 p) o 0 0 -54 P) P) -13 P) -17 P) P) 30 P) P) 104 5 1 2 -1 P) -24 22 -1,755 -2 -120 2 -645 -2 0 50 119 0 P) P) 8 8° & pi 587 0 7 P) 1 i!) P) o (*j P) P) 0 0 -44 3 P) P) o 0 0 P) -379 -9 110 P) 0 3 0 P 8 -174 260 -765 51 P) -166 13 32 112 3 2 190 255 P) 11 -12 o 0 0 P) 1 a a fi 323 o 0 0 -1 0 n n 8 P) -2 0 1 n i 1 1 0 0 0 0 0 Other industries Services -5 41 p> Real estate -418 -1,022 2 Insurance -9 1,036 n Finance, except depository institutions 1,357 -180 South and Central America Brazil Mexico Panama Venezuela Other ricated metals Machinery Wholesale trade -1,824 -46 Addenda: European Communities (12) OPEC . . fab- Other manufacturing -202 2,266 Africa .. South Africa Other Primary and 42 20 -5 -6 11 n 0 0 12 P) P) 15 -1 16 P) -17 P) r] n P) 0 P) 1 21 P) 6 8 8 2 P) (*) _2 P) P) 1,558 P) -26 1,322 179 32 f) P) 40 54 -5 -546 2 -272 20 0 Q P) 0 0 0 P) -1 -12 61 P) o 0 0 {*) p) o -46 0 613 0 0 (*) P) -473 0 0 0 0 o 47 14 P) 0 0 0 P) n i 1 13 0 0 0 0 285 68 703 0 0 5 0 28 0 P) 408 44 -2749 P) 101 0 0 c) P) 4 1 0 P) -7 P) n 8 -4 P) -50 n 11 n 681 11 P) 0 3 0 52 18 197 0 4 P) 6 -44 -1,770 -1 8 -1 P) 24 -295 0 -11 152 -4 -31 7 0 -4 9 2 0 18 0 P) P) (*) -4 13 P) -1 P) P) 400 P) -138 n 0 P) p) P) o P) 0 -43 4? -52 0 66 P) -23 -2 -5 12 -29 1 0 0 0 -29 0 -29 P) 2 P) -8 0 -8 0 0 0 0 0 0 0 256 0 241 0 9 5 1 3 0 13 25 P) 1 7 0 0 2 0 0 -109 -32 8 -152 -4 0 -9 P) P) -703 67 P) -775 0 P) -161 n 146 0 P) P) 0 4 P) 1 •2 0 0 P) P) 90 8 0 5 3 4 51 2 25 P) 1 -1 -1 P) -7 P) 88 263 -1 130 4 78 P) SURVEY OF CURRENT BUSINESS September 1997 • 10J Table 14.2.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1993 [Millions of dollars; outflows (-)] Manufacturing ChemiFood cals and and kindred allied products products All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other ; Petroleum 28,750 -2,126 6,630 27 1,915 356 66 481 P) 15 5,662 -6 148 -331 1,912 P) -26 P) 25,690 76 207 592 -51 6,251 -689 P) S n 5,287 2,668 560 -3 43 3,470 P) p) ( -69 -4 i 0 P) -160 237 922 5,723 -61 1,531 South and Central America Brazil Mexico Panama Venezuela Other -2,216 52 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 3,747 617 -376 -989 fD\ (*) -1,766 P) /D\ P) -1,459 15 -2 P) P) P) Total .A 1,418 753 0 § 22 n -177 -92 -52 -2 125 1,239 3 -191 P) -1 1,684 551 9 S -3 A n P) P) 8 p) 7 -3 0 13 15 -1 -21 0 -21 P) 14 P) 0 0 0 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other 274 332 40 0 P) 25 3 -1 P! 0 0 0 0 0 0 0 Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other 885 Africa South Africa , Other Addenda: European Union (12) OPEC -180 -797 4,288 -180 P) 0 P) -193 40 -123 56 1,623 -264 50 P) P) -436 48 14 24,648 -936 ^d 0 0 P) -1 n -941 P) -806 0 0 -2 -2 0 1,295 107 A -27 P) -15 -1 254 29 P) 3,912 15 28 i -221 3 Finance, except depository institutions Insurance -867 Real estate 596 1,090 3,003 2,808 423 793 20,732 P) 68 232 81 91 38 75 P) 164 421 P) 628 -19 3,032 12 1,427 -6 170 -4 18,888 P) 166 0 558 $ 752 456 P) 0 1 0 75 0 P) 287 -86 45 -2 2 P) -7 458 3 3 Pi -6 1,059 8 -63 -17 40 ricated metals -i 5 8 -5 P) 16 n P) 3 41 P) P) -9 •) (*) 2 -7 171 JB 15 20 fD\ 16 34 -24 (*) 2 3 8 8 0 0 P) 10 6 1 4 3 3 1 -1 0 0 0 0 -1 0 8 7 0 0 1 0 0 116 -3 362 p) a 0 0 -3 -2 0 182 20 -1 18 -4 fl P) 18 0 0 0 -2 0 -2 834 -5 507 P) -212 -32 935 445 -3 4 0 0 7 -1 -3 4 D Deposi- Other manufacturing P) -12 P) P) -1 5 8 p) 3 P) P) Retail trade Machinery fab- fD\ P) -223 -9 P) P) 0 0 n P) n 0 fD\ 344 3 19 0 P) 31 A 311 -56 20 P) P) 1 4 Wholesale trade 209 -123 -12 P) 178 -861 Primary and P) -3 11 n 299 2 282 P) -95 40 P) 2 0 P) n -104 0 0 2 P) 0 0 3,617 P) 12 P) P) 0 27 P) -4 P) 39 2 1 0 1,326 A 368 -1,112 1 n P) P) -1 23 -1,182 1 o 0 P) P) 16 ( I ( I 177 -20 -164 2 1 1 0 0 0 -10 -12 (*) -« i 34 -172 13 (*) -39 P! 176 10 0 -1 0 0 P) -13 -69 0 « oon 3,990 (D\ ( ] 99 22 P) p) 0 32 0 0 P) 0 0 p) p) u -190 -1 P) -82 -2 P) (*) o fD\ P) 1*) /D\ -10 8 P) 4,180 P) ~P) P) 3 3 3 § 0 1 1 -1 0 0 0 0 0 0 -81 0 -81 0 0 0 P) 0 P) Pi P! Pi P! 0 0 0 0 0 0 0 P 5 -9 -1 14 0 0 P) ( -141 0 P) n P) PS 0 0 0 0 0 P) Q -1 A 606 1,411 & 0 0 0 0 0 P) 1,630 8 P) P! -277 33 -2 2 18 P) 39 -48 712 14 2,081 P) 1,474 -1 254 0 P) 0 0 0 0 0 8 0 0 28 P) -102 S 0 -2 0 96 -1,301 0 0 3 P) 3 0 P) P) -1 226 22 19,653 -A o P) n 501 n -835 0 -79 P) 2 P) -5 P) o p) 0 0 0 0 -1 -6 -158 0 0 (*) 23 2 n 369 40 437 66 (*) -1 -4 -83 P) 3 1 0 A 3 P) 8 41 "MM -381 2 P) P) 1 4 -15 P) -1 -7 P 4 -54 8 s p) -1 1 3 P) fD\ ( ) 0 0 0 0 0 0 fl 8 0 n -1 P) 2,932 ( Other industries 76 -262 P) (D\ -40 543 Services 381 0 0 0 -2 0 P) 8 P) P) n -10 0 institutions 8 111 P) n -1 P) 9 0 0 0 0 531 3 3 (*) P) -1 8 1 -10 51 -1 P) D P) (D) 0 0 0 3 -70 P) —27 475 n 1 n -841 10 -5 -1 P) 0 -7 7 P) 41 P) SURVEY OF CURRENT BUSINESS 106 • September 1997 Table 14.3.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1994 [Millions of dollars; outflows (-)] Manufacturing All Industries All countries Canada Europe Austria Belgium Denmark Finland France Petroleum Toy Food and kindred products Chemicals and allied products Primary and fab- ricated metals Real estate Other industries Services -2,588 4,051 1,492 372 -1,562 1,285 463 126 1,643 380 -1,289 1,323 52 -56 -105 P) P) -157 124 464 -94 41 321 -77 -304 3 185 2,637 56 -495 504 197 3,021 578 0 472 49 422 128 168 1,769 -2,462 -1 0 P) -13 -24 2,346 P) 373 1 1,149 1 P) P) P) P) 713 P) P) P) P) 492 -1,274 -11 20 P) o P) 410 8 147 P) -6 -73 331 1 -4 P) 0 100 107 0 P) P) 0 2 -915 -2 P) P) 0 P) 546 -241 0 0 0 1,787 0 P) P) 1 301 -439 0 11 13 -27 P) 1,640 480 -12 A -1 3 -2 165 P) •4 0 427 96 14 0 396 A 56 0 7 8 (*) 1,024 -1,366 81 -17 P) P) P) 10 -25 141 P) (?) P) H 0 -A -A -1,070 -149 A {*) P) P) 0 0 -138 0 n 854 0 . 2 6 P) P) 0 8 8 0 P) P) P) -3 5 D P) Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 1,577 P) 181 809 1,307 P) 10. -3 0 (*) P) P) 1 22 0 0 8 P) P) fl>) P) P) P) 22 1 -2 0 0 -6 4 0 -11 -9 -2 -10 0 -10 -51 -8 -42 0 0 0 -3 -3 0 P) P) -7 -7 -1 -296 -27 -226 0 19 -35 -27 P) 0 2 P) 0 2 2 0 0 0 0 0 P) P) 0 0 3 2 0 n -3 -2 0 316 3 -69 3 123 -26 -32 -1 0 -24 -1 -3 -776 -186 468 P) -12 P) 5 8 35 0 2 (*) 2 fl 3 P) P) P) 95 2 -2,529 -1 P) n -3 0 3 0 -3,124 0 -57 239 0 1,054 9 P) P) 0 -1 o 81 -22 1,673 435 151 308 -104 0 -36 -12 -20 -2 -1 -2 P) 166 -3 0 5 0 P) P) P) 2 0 £3 P) 64 -377 -1,748 0 0 -51 -112 n 0 P) 3 -1J3 -4 10 -14 40 -128 583 -398 915 0 4^7 13 South and Central America Brazil Mexico Panama Venezuela Other P) P) 6?8 7 -23 D -107 1,437 -1 1,081 3 -28 o n n -a 1,617 37 -8 5 10 -386 2 0 -3 P) P) P) -2,177 4 594 -6 3 592 2 1 -3 1,521 6 0 0 0 0 0 n 0 209 P) 0 ^ 0 2 0 P) 997 n P) n P) o 0 -160 13 -1 -240 -3 -2 A 3 -10 -132 0 0 H 2 "P) -3 -2 -24 a 3 P} 1 ^ P 5 P) P) P) P) 2 -30 T A 0 1 21 1 -1 /D) P) 5 590 "39 0 0 0 24 -1 -131 0 -100 -94 -301 P) 1 0 0 -271 -1 15 -2 n P) P) fl -2 -95 i i!) 3 o ( P) 3 0 1 -61 P) -30 -1 P) -13 -35 P) £3 P) 201 o P) -50 P) 0 P) -42 M -12 -2 -10 0 0 0 0 0 0 P) 0 P) 0 0 0 15 0 15 10 1 9 P) P) 0 0 0 0 0 10 5 P) P) (*) 4 P) 31 P) P) 0 0 0 0 -19 P) P) 0 0 P) P) P) Q n 0 n p) -327 P) P) 49 P) o 450 -44 A 238 -8 -34 -4 P) P) H25 -1 3 -4 3 5 0 0 0 0 n 0 -203 0 -204 0 1 0 0 n -56 -3 0 0 P) P 0 1,263 9 -461 -120 1 -A 569 3 -4 ~P) 18 D -124 -61 41 P) P) -23 12 P) P) P) 6 -10 -o 1,068 ^3 -963 1 380 -3 322 P) 37 -3,770 -6 8 n n 0 P) r) P) 46 -21 26 -1,383 24 Insurance 1,765 -1 Addenda: European Union (12) OPEC tory institutions 179 P) 309 426 2,580 -3095 19 Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Finance, except de^si- -196 Norway Spain Sweden Switzerland United Kingdom Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Depository institutions 308 3,689 -430 324 P) 1,392 -6,000 Africa South Africa Other Other manufacturing Retail trade 5,927 Germany Ireland Italy Liechtenstein Luxembourg Netherlands Latin America and Other Western Hemisphere Machinery Wholesale trade 3 0 0 8 '3 0 3 P) n 0 0 0 12 0 0 0 -566 0 0 3 -141 P) fl d1 3 n 0 534 n -275 P) 1,859 P) -2 a P) 12 P) n p) o pi P) 5 0 0 0 9 P) P) n 154 -5 P) "o p) -427 P) SURVEY OF CURRENT BUSINESS September 1997 • IOJ Services Other industries Table 14.4.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1995 [Millions of dollars; outflows HI Manufacturing Chemicals Food and and kindred allied products products Primary and -1,496 All industries All countries Canada Petroleum 12,643 -1,044 2,248 3,431 -1,733 -49 448 P) P) -1,082 0 3,934 27 1,058 Europe Austria Belgium Denmark Finland France 19,922 171 99 443 621 1,941 Germany Ireland Italy . Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere 923 2,383 118 P) 3,530 -5,623 131 473 -1,182 2,006 233 -113 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other -790 -212 -236 1 -114 8 fl -1,306 P) fl 681 -328 683 5 D 8 R 0 30 P) P) 0 -6 P) 8 (°) 8 -21 P) Bi p (D) -4 -29 P) -50 P) 5 -8 P R -1 8 fl R P) (°) 3 3 PI 0 0 0 n 8 P) 0 0 0 0 0 0 0 93 123 -6 -54 -833 -128 -1,126 P) -12 P) 1 P) 0 R p) -3,555 P) •j 0 -6 1 -3 o -58 P) -634 P) P) 0 "'922 -2 3 n 14,842 -1,019 6 P) -271 P) 0 (*) 3 P) 158 150 12 -277 576 -4 447 9 P ) 2 0 -532 -297 P) -129 8 A 3,429 P) 8 0 -3,311 316 -5 P) -794 ricated metals Machinery -39 -10 8 -959 A 11 fab- 90 21 P) 8 -14 -525 -107 2,781 j P) Africa South Africa Other -1,865 -3,880 -3,056 -3,154 Addenda: European Union (15) OPEC -51 P) 83 P) -2,154 4,867 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean , Other !!!!!!!!!!!! n 3 P) -31 205 9',541 P) -824 Taiwan Other P) 106 _g 0 -252 0 15 93 P) South and Central America Brazil Mexico Panama Venezuela Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines 3 R Total o 0 -37 -589 -39 15 1 -182 54 P) 6,009 P) 16 3 23 (*) P) 0 -1 n 2,831 n "a -1 o -3 -120 2 P) 0 P) 32 P) 0 -3 -18 P) -3 -3 0 n -2 0 0 -1 0 0 0 0 0 -1 0 P) P) p) p) -581 -57 Other manufacturing 1,366 397 2,283 11 -43 9 44 361 138 P) 20 P) -£ 42 151 Wholesale trade -1,722 83 -502 162 742 281 32 -27 -78 305 26 95 -623 -2 -6 P) -59 P) 187 P) -303 53 -1,257 -326 49 -10 74 2 3 -0 -7 0 0 R P) 81 6 n 475 P) Pj n r) 6 P) 0 0 3 P) 0 0 0 0 0 261 -11 -16 44 82 P) (*) 2 -55 1 -21 -18 -1 P) P) (*) 23 R "-40 -7 -75 £) 82 Deposiinstitutions -284 41 -170 3 3 ~0 -12 0 P) P) P) P) 0 0 o -6 -107 Finance, except deposiinstitutions -948 14,547 309 -180 666 0 1,612 0 P) -1 126 -1 -32 P) 259 P) P) 1 P) P) P) 0 9 P° -553 -2,544 P) -1 0 -1 0 0 0 15 P) 15 0 0 P) -209 4 P) 5 3 P) 5 0 0 -3 -173 -3 8 -2,335 0 3 P) -13 0 -13 0 0 0 2 0 0 0 2 0 0 -A P) 0 3 P) 0 0 0 P) 29 -2,107 d -2 0 -1 % P) 5 2 530 -5 -1,000 687 -7 2,961 P) 751 -1 0 2 0 0 0 P) -456 0 6 £ P) P -26 -26 0 0 0 0 0 n P) 0 fl -1 3 40 3 3 8 9 1 P) -115 (°) 19 o -1,645 178 P) P) -3 S 4 P) P) nfi 1,868 -12 P) 3 -28 0 0 0 <2 16 -172 -2 fl -46 1 P) •j P) 1 1 0 0 0 0 0 0 0 0 P) 1,155 2 1 1 -1,646 -21 9 8 3 P) 599 272 0 2 -34 73 6 0 8 732 -234 0 0 4 -1 •463 0 P) -39 246 -69 0 0 Real estate 1,937 o P) Insurance 11,824 P) n -1 -457 P) P) 1 -1 (*) 0 Retail trade 3 R -1 559 '-5 1 0 0 -43 42 7,452 -34 p) P) P) p) o P) -1 "e 0 237 1 -143 -21 3 3 42 0 -65 559 -1 -109 "o 0 P) -19 -37 1 -8 -10 <3 8 8 18 8 14 P) P) -8 2,867 n P) p) fD\ n 78 7 P) P) 70 P) 68 P) •S3 -2 17 0 17 -64 -2 -62 3i P -5 -6 0 0 1 0 0 3 0 -237 -237 P) -239 P) -1 704 To 184 0 0 -5 0 -118 8 16 n •j n o a 1 -193 -247 733 P) 0 0 3 -86 P) -36 •) -2 0 5 1 1,608 5 108 • September 1997 SURVEY OF CURRENT BUSINESS Table 14.5.—Foreign Direct Investment in the United States: Intercompany Debt Inflows, 1996 [Millions of dollars; outflows (-)] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere 11,738 941 1,790 1,637 4,774 1,186 626 P) 17,218 159 86 JJO 5,120 1,703 0 4,939 1,237 1 -2 P) 639 1,112 H p) -870 P) -83 25 P) 1,252 17 268 P) 0 1 -49 1,181 1,334 -165 49 3,684 2,400 0 •5 221 -483 -39 -3,097 6,860 P) 3 0 P) P 0 414 -1,234 P) -3 4 0 P) 309 P) -3,504 p) -647 P) -120 20 1 20 0 0 (*) Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other P) P) 8 8 _2 p) -24 -3,235 ^23 382 147 -3,240 -201 P) 9 -528 41 168 3 P) 24 P) -41 P) -3 1 8 3 147 P) -8 -4 1 0 3 n Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other. -1,006 -74 -623 40 -119 45 -21 15 -64 -43 -162 P) 9 Addenda: European Union (15) OPEC 19,883 320 Total Primary and -12 -269 P) -441 277 188 P) Middle East , Israel . Kuwait Lebanon Saudi Arabia United Arab Emirates Other. Food and kindred products -708 South and Central America Brazil Mexico Panama Venezuela Other Africa .... South Africa Other. Petroleum Chemicals and allied products -3 P) P) 1 0 P) -221 36 -27 -146 P) P) 1 P r] i*) P) o 0 0 0 -2,951 3,357 2,851 (D) 133 P) 165 -177 1,262 P) 61 3 -1 53 1,401 -2,816 -2 -11 3,857 2,737 358 P) 8 0 A 3 ,. -411 1 1 0 -1 -1 0 2 (*) -93 -26 o 2 "« P) 1,528 P) 4,525 -7 1,209 1 0 n PI 3 P) B p) P) (*) P) 1 |} 0 0 1 0 0 0 P 5 0 3 "o 8 -302 36 P) 53 21 8 1 754 -3 1,380 1 -2,650 -7 42 P) D P) 13 1 36 8 P) 3,832 2 2,246 n -fi 8 -357 21 -2 1 380 635 8 6 n 7 -698 2 P) P) 181 -970 P) -1 P) 8 3 "o 2 2 -1 -5 -162 •2 0 -21 P) P n -5 P) 3 118 259 42 -91 P) 65 -832 -20 6 8 -224 P) -11 -195 13 35 78 0 -2 -2 9 -2 0 0 -1 P) P) 4 P) n fl -1 o 8 p) P) 8 1 -492 p) 0 0 0 0 0 0 0 0 0 n -4,423 7^473 -13 -44 P) P) -29 f) 47 P) 0 2 5 -128 42 -63 n p) P) P) -1 0 1 $ P) -1 P) -4 1 1 -10 -5 -4 3 P) P) 1 84 P) -17 113 -36 32 -1 -2 39 -283 0 0 0 405 "o -69 -1 1 0 P) P) a o 8 0 P) P) 8,247 P) 8 P) "o P) 57 931 p) 9 10 -7 1 P) 14 1 (*) 0 3 -2 P) 41 -2 -458 -1 178 -1,774 0 50 -7 0 16 -2,444 P) P) P) P) 8 8 $ 3 3 4 55 P) 0 -1,616 3,305 206 0 212 1 -1,478 359 p) P) (*) P) n p) -506 tions 1,224 P) P) -19 -68 -204 p) P) o Other industries 3 -3 49 503 P) P) Services Real estate 0 0 0 P) -883 -3 -6 Insurance 8 8 1,330 Finance, except deposi- 111 119 P) 1,028 -184 -307 -6 42 0 1,116 8 $ 58 -103 1 1 P) P) -22 P) 4 12 6 P) "o P) -138 °torf" institutions 197 1,933 -404 -58 4 -21 P) P) -4 -7 9 57 Retail trade -45 38 -5 1 -1 -62 9 -170 P) 5 p) -1,031 P) P) 31 P) P) P) ri 93 0 0 0 0 0 0 10 8 -110 1 fi P) (*) (*) fab- ricated metals Other Mamanuchinery facturing Wholesale trade 5 p) 0 0 0 P) V -28 P) n 0 3 (*) -1 0 1 1,067 n 0 0 -19 -2 ^ P) n 6 H p) "o 3 n -1 -84 6 P) 12 -80 P) 2 ] P) P) P) P) 0 0 0 2 0 2 -348 -2 -645 -107 1 -108 23 -3 0 0 0 -6 0 0 3 3 8 8 3 P) 6 -457 1 1 0 0 0 0 -33 -8 0 0 0 0 -25 10 0 8 -29 30 0 0 0 0 n 1 1 -8 -808 25 -205 59 P) P) -60S1 P) ~« P) P) 0 3 0 P) 5 "o 62 "o 179 P) 18 P 0 0 P) P) 0 P) 1 n n 0 3 18 197 -3 12,643 -4 -92 -2 -312 P) 0 0 0 0 0 0 2 171 7 -2 159 -5 -1 0 3 6 3 1 4 26 -1,923 P) -630 P) 42 -£H 0 P)2 0 853 P) P) 0 0 498 2 -1 n 3 3 0 n 0 -1 September 1997 SURVEY OF CURRENT BUSINESS Table 15.1.—Foreign Direct Investment in the United States: Income, 1992 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Petroleum Chemi- Primary WholeFood cals Other sale and and and Mamanufabkindred allied ricated chinery facturing trade products prod- metals ucts Total 1,401 635 3,692 1,006 4,136 -1,533 293 -119 143 441 76 821 384 -24 8 240 212 -170 148 5,382 -94 104 1,186 n 510 -4 -37 -8 -11 -221 4,030 -1 P) -4 P) 479 -1,170 2 1 P) -4 -340 710 0 3 1 P) 51 22 2 P) P) 4,100 -1 21 P) 16 -922 17 -425 -1 155 6 0 8 P) 28 20 -112 24 $ Germany Ireland Italy Liechtenstein Luxembourg Netherlands -42 -17 1,534 Norway Spain Sweden Switzerland United Kingdom Other -8 104 -59 482 4,972 -37 0 6 3 569 3 9 349 •2 31 3,798 6 443 7 -144 71 179 -46 197 55 P) P) -7 P) 102 3 P) -3 South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other, Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Addenda: European Communities (12) OPEC 85 -292 538 35 51 373 53 25 -681 -14 -194 -177 -341 45 -61 -fl -296 -95 -92 -3 fD\ —20 P) -4,921 426 -40 -2,586 -234 -10 -53 -7 -50 -20 -96 5,081 -182 41 3 -1 pi o n 451 -19 18 631 150 -1 17 1 8 2 3 (*) Q 0 622 17 4 31 602 2,254 -210 5 30 2 n -4 -62 n -2 -22 , 2 P) P) -387 -394 -361 -225 1 -1 -2 27 P) -2 P) 1 0 n n 0 n n p) 1 20 4 0 P) P) 0 -18 0 0 -10 -8 0 -17 0 -17 0 0 0 P) 0 P) -33 0 -33 P) o 2 0 0 0 -625 o P) 0 0 0 0 0 0 0 1,174 -40 3 3 0 n 0 0 0 0 n 0 o 0 0 0 0 n n -1,379 -67 5 -1,165 -42 32 -1 -58 P) 0 -59 11 0 -81 0 0 0 0 0 10 1 658 0 3,369 -1 -104 -2 -1 -7 -16 3,664 -4 0 0 0 0 0 0 0 & I) o 0 0 0 0 0 n -222 -36 6 -85 -104 0 1 0 0 0 -3 25 0 -2 -4 -4 P) 0 n 51 n P) -50 0 P) 1 -21 -19 P) n -55 3 13 n -204 0 o 66 P) 125 2 -12 3 -56 183 -69 -2 -49 -4 n 5 351 -10 -2 -61 14 6 415 -238 P) P) 354 -59 P) 13 7 f) P P) 16 1 NoiE.-in this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. Retail trade p) P) ^9 -76 1,182 n P) P) 290 -24 0 -8 0 3 3 0 n 0 0 0 -584 -65 -4 -488 -1 0 -1 0 -1 -23 n -990 0 0 0 0 0 -471 31 -197 -539 -85 -644 2 fi P) 15 69 -163 P) 0 -4 37 n 34 0 -2 0 P) 139 25 n -151 P) 3 -101 -117 -36 P) 0 -2 -25 (*) P) -40 Insurance 608 -168 591 : in ! -68 -281 3 1 0 0 416 n 3 -25 -129 86 -39 -80 60 211 -9 -2 P) 2 n 0 (*) (*) n 202 30 72 P) $ 8 -71 P) 15 -16 -78 P) 60 9 0 -1 1 9 -24 P) P) P) 2 18 P) o -1 -1 0 -1 A n 1 n n n Q 0 -220 1 0 1 P) -14 602 -3 -452 n 0 -203 Finance, except depository institutions 0 6 6 -85 -95 0 -8 4 -3 Depository institutions -290 n 6 52 5 -2 -18 6 P) 0 0 0 P) -112 _3 -105 n p) 0 P) p) p n 0 0 -6 -225 -111 -39 -6 -7 -10 -4 -4 2 665 0 -30 259 -174 P) (*) 5 -11 fD\ o P) q 4 0 n p) Real estate Services -1,407 -1,248 -293 -223 a (*) 1 -143 8 p) 7 P) -20 -42 P) P) -3 -16 -27 -64 n n -3 -62 -1 -231 -31 (*) -1 -24 -3 -2 -200 -1 -13 -172 $ _5 -1 -514 -3 P) P) 305 n -421 5 (*) P) P) n -426 -1 -4 -341 Other industries -161 81 295 1 n 9 1 2 90 43 -1 -2 152 -8 2 -18 -7 113 -4 -162 P) _Q P) n P) 1 P) -39 -25 11 -79 -1 n 0 n 0 0 0 -15 -6 0 -6 -1 0 -1 -84 -85 1 0 0 0 (*) -10 n 0 0 0 -66 0 -58 -3 -1 -1 -3 -32 P) P) 0 -1 P) -2 304 1 14 318 -74 P) {*) P) $ -13 -17 2 0 0 0 0 -1 0 n 14 p) -1 -58 4 234 -1 -90 P) 5 -29 T 0 0 -563 5 o n 0 -8 0 n 0 n 740 n -Q -579 o 0 0 P) 0 -670 -16 -17 -528 1 -7 -7 3 -1 -3 (*) -205 -62 6 -343 (*) 3 -2 -110 0 1 -208 -7 ^313 -2 0 P) <3 -5 -4 330 P) HO « September 1997 SURVEY OF CURRENT BUSINESS Table 15,2,-Foreign Direct Investment In the United States: Income, 1993 [Millions of dollars] Manufacturing All industries All countries 7,071 Canada 8,361 -61 191 -95 -4 1,579 1,367 Europe Austria Belgium Denmark Finland France Petroleum 1,497 0 P) n P) n P) 22 -168 Germany Ireland Italy Liechtenstein Luxembourg Netherlands 133 93 -65 -23 36 1,987 Norway Spam Sweden Switzerland United Kingdom Other -307 Latin America and Other Western Hemisphere 146 -1 0 069 273 -1,610 568 1,320 -97 483 P) -12 P) 358 -61 -13 1 4,692 -1 22 -12 -6 78 776 0 4 4,309 -1 22 P) P 684 7 2 9 -2 P) -50 -1,097 1 -1 _8 3 697 -3 -12 4 3 968 5 14 -11 6 14 -84 -1 47 3 -2 1 860 -65 -81 P) -1 129 688 42 1 16 -9 -1 3 18 742 0 -16 0 35 414 50 0 8 -1 -8 -1 30 -9 -1 30 1 -4 383 50 0 2 0 1 a 5 14 1 -13 435 2,025 -1 n -10 4 209 -4 212 P) P) P) 1 -32 -4 -43 -45 -1 fi (*) 0 P) -1 0 D fD\ -184 60 -212 -293 P) o n 1 "< -23 0 -23 n P) 0 0 0 0 0 0 0 0 n o -46 15 0 -53 -1 0 0 0 0 -93 19 -5 -92 -453 -443 n -10 44 -2,105 -184 i 0 0 0 0 0 0 0 1,427 80 19 18 0 n 0 0 o 0 0 0 0 n n -1,118 -24 9 -1,023 -24 -45 -19 P) -32 2 £) 3 -15 P) -19 0 -5 -4 0 4,539 -6 597 0 p) (*) o -527 n n 36 -139 -1 -1 -79 -397 25 (*) -fl -21 0 P) 0 P) 0 P) 0 0 40 -2 61 -13 -4 7,841 82 p) P) 14 -136 P) 279 12 P) -27 J -21 7 0 Q -1 P) 342 -547 n o n g 5 P) 4 (*) -254 -2,881 n n -3 NoiE.-in this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. -236 -86 -20 17 Addenda: European Union (12) OPEC 4,430 116 314 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean , Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other 843 464 o Depository institutions 512 889 5,615 8 P) /D\ Retail trade 3,996 9 -2 -83 243 3,446 484 46 63 319 42 24 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Total -1 0 P) 38 1,038 P) 2 111 South and Central America Brazil Mexico Panama Venezuela Other Africa ... South Africa Other Chemi- Primary WholeFood cals Other and sale and and Mafabmanukindred allied ricated chinery facturing trade products prod- metals ucts 0 6 P) 0 n p) 3,864 -1 43 0 3 4 45 934 -3 -149 (*) 5 0 o n -8 n -2 1 -38 260 319 2 43 n 0 -47 -96 -549 ( o 3 -9 -14 -1 -«23 0 -25 -297 <2 ^ a 659 -5 Q 477 42 9 481 -48 n 3 -1 -15 3 4 735 1 Q 0 -57 -1 -7 -48 1 0 0 0 0 11 ~* -21 -5 67 n 142 n -96 3 0 -1 -60 -95 "o -1 -2 P) P -11 -13 -15 n 26 -1 n n -367 341 1 11 2 784 0 -485 3 P) n 0 26 10 -9 600 4 -10 P) -3 18 18 -1 n ^ -4 -101 442 _4 154 147 n 27 (*) -3 n -18 23 4 -71 P) 3 P) -S1 2 -700 1 45 1 _g -18 48 23 1 -321 Other industries 4 P) 36 0 0 -1,170 Services P) P) -17 35 P) -1 0 P) -•) 2 8 -1 Real estate n P) 159 30 157 48 (*) -341 3 1 0 4 383 191 50 81 16 20 24 0 0 -14 -6 n 0 203 -265 1 30 P) P) (*) -593 5 -24 -51 1 -8 6 3 0 1 (*) (*) (*) 0 0 0 0 15 732 1 1 -1 330 (D) 0 0 0 -2 314 93 6 (*) -546 1,391 226 3 V°) Q 189 28 0 0 0 P) p) 0 108 -29 0 -12 376 -172 Insurance -70 $ P) P) -1 P) 3 -116 n p p) P) n 1 0 0 0 18 17 -8 -4 -81 P) -1 -1 "o -135 -2 -2 -1 0 0 0 0 0 -120 Finance, except depository institutions n -9 -46 -49 5 0 P) P) -1 -550 -96 32 -402 3 -78 -2 -5 -1 8 33 -40 -34 P) 736 -20 Q 33 n n P) p) P) •j 0 0 0 8 -180 -23 7 -9 3 -18 3 8 3 -3 -2 -2 0 P) -158 1 -12 p) 0 0 0 -14 41 -4 0 -4 -1 0 -1 (*) o 22 0 28 -3 -1 -1 -2 _$ -2 0 0 0 -4 0 -24 -9 -4 0 (*) o 0 0 0 -679 8 -648 3 0 ( 2 -1 17 n -86 -75 -1 15 6 -558 -102 -27 16 -135 357 -32 8 372 3 n 9 -42 -80 P) 3 2 -5 n 0 22 3 o -10 -4 -6,2 -494 26 -2 -493 -1 n 1 0 -1 0 -14 3 1 n 2 -7 -7 3 858 P) 13 25 -223 -6 -379 -16 -1 -341 -6 0 -7 0 -2 -6 -2 347 -12 September 1997 • 111 SURVEY OF CURRENT BUSINESS Table 15.3,—Foreign Direct investment in the United States: Income, 1994 [Millions of dollars] Manufacturing All industries All countries ..........; Canada Europe Austria Belgium Denmark Finland France Petroleum 21,286 2,996 16,059 15 255 5 34 -63 Germany Ireland Italy Liechtenstein Luxembourg Netherlands 2,256 181 78 -14 9 4,120 Norway Spain Sweden Switzerland United Kingdom Other 93 154 119 1,572 7,232 12 Latin America and Other Western Hemisphere 1,391 1,902 362 1,389 fl n 1 P) 11 0 P 0 0 598 Chemicals Food and and kindred allied products products Total 10,788 1,365 1,344 0 4 6 -3 90 1,501 44 49 -10 125 1,427 193 2 13 Africa South Africa Other -19 2 0 2 -25 0 -25 Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other 54 -15 68 -2 20 -6 -11 16 0 22 P) P) •j 0 Asia and Pacific Australia Hong Kong Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore . Taiwan . Other .... 805 Addenda: European Union (12) 0 -19 n 14,237 49 0 P) 0 0 -160 (*) n 524 2 P) 377 81 P) 7 d 0 6 15 -15 0 n 0 n o D o 0 0 0 47 2 38 132 773 71 P) 0 -55 S 9 15 -1 340 20 9 -9 89 215 596 7 50 1 22 249 140 1 2 0 -9 57 0 448 185 0 -1 -2 106 P) 1,389 -4 1 6 115 230 488 7 0 -7 0 12 -5 1 3 214 -13 169 400 1 P) 0 22 219 125 P) 374 215 P) -28 -1 -39 12 0 2 -2 -5 5 P) 274 85 83 -23 q 6 3 20 -28 218 n P) Q 173 -133 65 149 38 ^3 -7 -95 1 P) -94 523 0 621 o 48 2 (*) 7 P) P) 22 0 (*) _g P) P) 247 (*) P) 168 26 P) 123 15 77 1 33 -2 91 P) 100 0 111 P) 1 22 77 0 1 0 1 0 0 0 P) -4 P) P) -4 P) 0 0 0 0 0 0 0 P) 0 0 0 0 0 5 4 0 1 0 0 0 161 14 0 120 -4 0 0 0 -2 33 55 -47 51 53 0 fD\ n 1 305 -28 7550 6 1 060 0 3672 ^ (°) n P) _2 68 a 199 0 0 p 0 n n 36 -155 -13 P) 1 1,411 1 1 -1 P) 130 1,418 n 3 1 0 0 n 1 NOTE.—in this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. 220 n n (£) (*) 1,827 17 10 -22 -3 54 0 20 21 P) -25 9 211 2,465 -12 -8 6 12 P) n n ( 107 P) 289 43 17 217 -8 7 8 0 (*) 28 -23 -24 -14 -297 -52 0 fD\ n 705 415 2,611 P) n 195 4 0 -345 2,237 3,063 -1 -1 (*) (*) n -480 831 345 8 o Other industries 218 -4 558 n Services 2,837 27 3 0 Real estate 66 17 g (*) Insurance 399 19 0 1 479 8 Finance, except depository institutions -41 319 15 P) -192 Depository institutions 422 74 P) Retail trade 106 1,165 764 16 0 65 5 9 P) -1 4 147 n Wholesale trade 982 -216 3 332 0 P ricated metals Other Mamanuchinery facturing P) -22 P) 158 -2 -30 fab- P) 1 570 P) Q 488 995 65 166 445 313 6 -6 12 74 35 4,311 3 P) 804 3 P) Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other 9 18 15 0 -62 701 1,800 -1 -35 P) 1 -119 4,643 61 1 241 999 4,396 -3 397 88 2 264 -27 70 84 985 755 8,805 -24 64 14 -9 -70 South and Central America Brazil Mexico Panama Venezuela Other -268 2,134 Primary and P 3 0 0 P) fl -12 0 1 0 0 0 P) -307 P) Q °e P) Q 0 8 P) n 930 0 Q P) P) 0 0 0 0 0 2 2 4 9 1 0 1 0 P) 2195 P) 1 P) Q n P) -8 -158 -183 6 8 fl 887 238 45 -7 -20 224 -10 P) 3 -4 2 15 2 n 2 -7 62 -1 -179 -253 o P) -1 2 33 0 27 P) 84 3 -19 1 3 227 7 -5 -7 199 337 n 24 45 3 -17 -2 -2 P) P) P) -160 P) ^ -170 9 P) 1? 24 (*) 75 -73 4 P) -3 -19 P) P) P) (*) 0 1 o n -4 P) 0 -21 -4 11 -11 -15 -1 P) 17 -7 364 -4 -117 9 -1 2 1 5 2 -126 P) P) -42 -84 8 -3 P) -2 0 -2 P) 0 P) 0 0 0 -9 0 4 -4 0 -4 4 0 4 -33 -28 5 0 (*) 1 -10 P) P) •j 0 P) 0 n 0 -1 P) 0 56 0 60 -3 -1 -1 1 6 6 0 0 0 0 0 -17 -7 -3 0 -1 -6 -1 208 -98 35 261 -2 51 2 39 n n 862 -8 24 793 -11 4 0 -7 9 34 23 1,459 2 205 -1 1 199 ' 23 213 3 n 21 21 0 n 0 o' n 683 11 34 663 -58 -1 4 41 15 Q P) P) 0 (*) 0 0 (*) 28 (*) -6 35 ( o -1 0 0 Q 0 11 1 1 (*) 0 0 J2 ( ( o •j 0 'l n 1,553 -534 -29 -19 -489 -610 -105 -2 -486 -2 0 -5 8 -1 16 2 -8 0 2 -6 3 48 57 -64 n n -148 -70 42 -2 -2 -6 n n 767 -5 112 • September 1997 SURVEY OF CURRENT BUSINESS Table ISA-Foreign Direct investment in the United States: Income, 1995 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere 32,029 3,911 1,908 411 131 -22 197 5,212 -2 17 P) 0 135 244 1,070 15,886 P) 12,636 2 189 42 58 1,406 908 0 -1 1,401 101 113 -12 276 1,934 11 17 -13 -1 1 -1 P) 910 P) 102 1,417 P) 1,349 87 342 54 0 o {*) -29 -11 -87 69 Hi R -127 214 4 16 8 372 P) ^6 P) 69 n a 1 0 1 -34 0 -34 209 104 106 -2 23 _g -13 9 0 29 11 3 3 n o 6,202 1,709 1,933 1,651 11,006 17 -233 701 -21 -65 558 346 -97 Addenda: European Union (15) P) 0 g 8 Total 141 21 239 949 5,783 -6 Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean Other Asia and Pacific Australia Hong Kong Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan . Other 90 2,799 648 91 81 534 -52 -6 Middle East Israel .... Kuwait .. Lebanon Saudi Arabia United Arab Emirates Other .... 2,970 22,975 106 319 120 51 1,722 South and Central America Brazil Mexico Panama Venezuela Other Africa South Africa Other .... Petroleum Chemi- Primary Food cals Other and and and Mafabmanuallied ricated chinery facturing kindred products prod- metals ucts 0 0 « -8 n p) 9 i? n p) P) P) 12 0 n -1 -1 0 0 0 0 n -80 239 86 P) P) 0 0 0 0 0 21,217 94 2,697 -54 11,564 P) 1,021 0 -158 -4 1 -1 -117 -16 33 _3 n n 0 P) 0 0 NoiE.-in this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. 160 P) P) 788 627 Retail trade Depository institutions Finance, except deposi- & tions Real estate 1,913 -623 212 -270 111 2,316 4,386 3,863 544 4,725 697 292 193 450 355 123 300 388 530 826 3 P) 1,810 2 2 7 24 108 3,732 2,235 28 10 133 P) 121 232 6 90 1,199 P) P) -33 P) 11 672 P) -26 P) -3 911 2 1 -1 370 <°3 231 48 42 -2 227 536 507 70 6 9 -82 2 40 228 <3 6 0 0 525 177 47 -10 -1 1,273 44 122 162 n P) 10 -2 286 (*) 7 g 277 2 -1 -5 -2 139 -1 -5 -8 -18 35 307 n -14 3 33 26 1,210 -4 -2 -91 -45 865 2,144 -1 P) 230 17 -8 138 -43 477 n 1 P) 122 212 2,022 -5 4 (*) 357 191 630 7 0 -2 0 21 6 P) 1 228 -65 95 352 9 -1 -5 -55 175 406 n 5 8 P) 60 757 0 464 P) 29 -34 46 94 461 196 415 P) -2 3 1 -4 (*) i 24 P) 2 1 1 (*) 362 93 132 P) ( n P) -1 n 3 n -97 -3 -98 4 0 o P) o -8 346 n "o P) p) P) P) ~? 32 0 0 -4 36 0 0 0 0 1 1 0 0 0 0 0 p) 0 0 0 "o 300 21 0 176 0 0 0 0 0 103 199 7 269 P) n 4,403 (*) i*) 15 P) 0 0 0 n 63 (*) P) P) n P) P) P) P) 0 0 0 5 ( 6 92 1 -4 164 -69 1 2 0 13 13 n -i -1 P) 274 P) P) 0 0 P) P) (*) 1,212 1 1 1,203 -25 0 18 1 -3 -19 36 779 P) 1,836 0 3,526 P) 2,033 2 0 1 0 0 0 -48 -1 -1 0 -1 0 0 0 -10 P) P) P) -3 0 103 P) 98 D P) 2,702 29 39 2,524 -13 4 0 1 13 64 41 213 P) 1,103 26 0 _3 0 0 R /D\ 96 fa 1 -19 -2 -2 9 •| -9 D P) -1 3 P) 0 32 1 0 n 9 0 -23 172 -61 -47 -8 291 -3 65 66 6 0 ? q -198 99 0 (*) 9 90 0 0 292 71 -5 129 -8 0 1 0 1 P) P) a P) R 1 39 26 -19 -2 33 1 12 5 0 -6 -635 -82 P) -389 (*) (*) o 0 P) 1 -177 n 29 31 0 130 78 14 -3 1 18 168 fl 676 o n 7 -5 -1 351 1,721 -35 56 -34 -5 -5 296 8 74 P) 408 1,841 P) 0 1 703 4 656 204 160 (*) -1 (*) -2 5 Other industries -20 -3 2 -7 -24 78 -186 tt -106 Services Insurance 8 0 -41 0 980 53 13 761 -49 P) 3 0 -34 207 P) 3,531 112 -32 3,405 P) 5,3W Wholesale trade 2 0 0 60 8 a -1 0 1 -3 (*) -175 3 4 -134 -Po P) 2 -408 5 -16 -426 -2 (*) -4 0 31 fD\ 8 3 P) 2 0 12 7 1 -33 -6 12 -26 -12 -2 P) P) -33 -29 2 P) 2 0 2 P) 2 2 0 0 0 0 0 P) -5 -3 0 -309 P° n P) -1 -151 86 -21 -345 -8 P) -17 P) P) 0 n n o n 36 2 •4 -4 2 500 6 846 -4 167 95 383 1 -4 P) i*) P) -11 n 1,711 -5 SURVEY OF CURRENT BUSINESS September 1997 • 113 Table 15.5.—Foreign Direct Investment in the United States: Income, 1996 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Other Western Hemisphere Bahamas Bermuda Netherlands Antilles U.K. Islands, Caribbean , Other Africa South Africa Other , Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan . Other .... Addenda: European Union (15) OPEC Petroleum Food and kindred products Total Chemicals and allied products fab- ricated metals Machinery Other manufacturing 33,759 4,190 17,262 1,780 6,247 1.060 1,739 6,436 3,285 267 1,250 402 120 241 251 25,806 3,706 13,653 5,501 1,269 4,783 103 205 (*) P) -2 171 1,381 0 Wholesale trade 236 19 -35 2,654 ( 8 -8 62 -36 1,852 -49 128 321 58 10 159 101 50 -3 437 316 600 20 23 6 60 298 76 15 17 0 -397 130 253 -18 -1 47 89 198 59 7 0 P) 654 16 -7 4 -9 4 163 -2 62 P) -4 5 324 P) 28 -14 2 P) 247 -60 1,174 175 21 15 -4 58 94 44 P) n 49 0 2 n 0 p) 0 n 6 Q 0 0 3,084 41 P) -31 508 p) 0 n 43 8 1 0 3 42 175 n 0 65 0 -56 0 0 0 0 58 -13 P) 48 131 27 PJ 3,610 n -i -1 2,319 -9 179 0 0 n 2,168 -116 8 23,311 0 n 3,106 -651 -11 0 P) P) 6 0 ( 8 122 -32 11,813 2 8 n 0 -5 0 0 1,005 0 1 30 85 -1 106 270 -1 61 855 20 -190 P) -4 2 P) 0 4 -2 6 -3 8 -5 -7 0 -17 1 -22 -2 1 -25 -3 -59 33 5 -23 -2 n 344 58 79 P) 39 P) n 5 n i -1 s) p 30 13 197 0 0 8 15 P) 16 o p) P) 401 n Q n P) 0 P) -8 0 -8 -1 P) P) 0 0 0 0 0 7 P) P 0 0 0 0 355 30 0 253 0 0 0 0 0 71 165 P) P 141 n -8 -12 -42 n 10 20 0 4,341 -56 435 5 180 P) -2 174 0 n 2 «2 20 250 229 0 P) 7 5 P) 446 924 $ P) -48 -1 -30 P) 115 P) -2 -1 P) -58 1 180 2 28 1 -38 0 -1 0 1 0 0 1 0 0 0 184 P) o 372 1 T 0 0 1 0 9 243 2,706 0 1 275 P) P) P) P) 0 0 0 0 n n 0 2 2 P) P 0 1,353 5 -1 2 ( 3 0 P) P) P) 622 P) 1 296 4549 0 P) o P) n 0 0 n n 452 2 -5 837 134 -1 -413 P) 11 fl3 29 2,690 n -80 -47 -2 -1 -1 186 4 -2 212 9 17 P) 0 P) 1,556 -681 103 -22 128 P) 0 -33 317 10 6 856 0 114 P) -14 174 P) 1 -21 1 22 -3 -1 P) 0 P) -19 -12 38 -32 3 5 n 2 0 2 P) 0 P) 61 53 4 0 n 1 3 n P) P) -26 7 3 1 P) -64 36 2 -16 P) -57 -27 -50 P) 0 0 0 -15 (*) -15 -1 0 -1 17 0 17 P) P) 2 0 0 0 2 4 0 0 0 4 0 0 159 -1 164 -3 -1 -1 2 4 -1 5 0 0 0 0 -18 -3 P) 0 275 87 P) (*) 67 ( -238 -222 -109 P) _3 n 0 n 1 -3 1 2 234 159 455 10 338 -23 51 219 0 -52 5 2 -4 -5 0 0 -104 420 38 o n 2 14 0 -76 51 71 1 -1 223 -1 1288 -353 1,883 66 6 3 0 0 n n -17 28 374 87 0 32 -3 P) -1 2 -33 P) P) -2 n 141 1 n 61 29 0 248 -6 10 -1 0 •2 34 -4 1 1 -6 0 -1 9 726 4 -43 137 70 0 0 P) Q 267 685 8 -53 P) (*) (*) (P) P) n -1, n 0 n -1 1 206 n n -1 2 633 34 -8 563 -7 51 8 1,116 1 -2 2,970 0 -3 0 21 61 1 -65 141 -31 166 -2 P) P) 7 2 1 -33 247 0 1,470 -31 -68 501 P) 22 P) P) 306 -59 -135 247 126 167 -135 1,896 273 176 -1 0 -1 -143 -25 1,557 -1 1,262 84 932 -1 -112 242 243 P) 81 534 1 -113 93 101 2 231 -42 1 396 -50 5 ^ 791 1,692 5,086 615 478 -17 62 627 1,176 0 n 3,048 284 17 36 18 171 714 516 P) n p) 867 -18 2,626 69 P) -74 -1 12 -163 1,418 496 110 3,548 29 5 162 n tions 181 -30 25 0 Other industries 3 7 0 P) 72 Services 26 -6 80 1,685 Real estate 1 -72 223 807 2,424 9,220 208 95 -8 497 Insurance 0 20 1,948 6,294 P) 34 P) 0 Finance, except P) P) n P) 808 210 -15 695 1,463 Depository institutions n 17 28 -29 -1 -1 59 2,097 Retail trade 720 P) P) NOTE.—in this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. Primary and -2 P) -16 -244 n -1 22 25 -102 -14 P) D p -1 -103 -7 5 -62 3 -3 P) 0, fi _4 1 1 467 -12 SURVEY OF CURRENT BUSINESS 1 4 • September 1997 1 Table 16—Foreign Direct Investment in the United States: Country Detail for Selected Items [Millions of dollars] Direct investment position on a historical-cost basis 1992 Aii countries 423,131 Canada 1994 1993 467,412 1995 496,539 560,850 Income Capital inflows (outflows (-)) 1992 1993 1994 1995 1996 630,045 19,222 50,663 46,995 69,414 76^28 1996 1992 1,401 37,515 40,373 41,960 48,258 53,845 2,002 3,753 4,960 7,080 5,670 441 249,904 583 4,165 571 1,767 23,918 »*gj 357,193 1,555 3,676 2,990 2,752 38,480 410,425 1,791 3,979 2,118 2,818 49,307 9,181 -9 819 446 324 178 39,421 32 59809 220 418 5,382 -94 104 654 -60 6,641 28,002 121 280 580 535 3,881 55,300 250 3,870 1,110 1,617 30,304 303,649 769 3,892 1,921 2,016 33,603 Germany Ireland Italy Liechtenstein Luxembourg Netherlands 29,419 1,818 1,821 181 677 69,107 34,987 4,771 2,299 153 1,183 72,893 40,345 4,648 2,746 164 2,352 67,210 49,269 7,418 2,750 135 5,957 65,806 62,242 9,776 2,699 161 10,284 73,803 1,307 300 342 -5 36 2,627 7,802 2,983 475 -28 145 4,063 7,144 -75 443 -22 1,172 -3,174 10,229 2,737 .46 -35 3,578 -1,789 Norway , Spain Sweden Switzerland United Kingdom Other Albania Andorra Belarus Bosnia and Herzegovina Bulgaria Cyprus Czech Republic1 Czechoslovakia 2 Gibraltar , Greece Hungary Iceland .. Malta, Poland Portugal Romania Russia Serbia Slovakia1 Slovenia Turkey , Ukraine 911 1,146 7,130 19,646 86,587 459 1 0 0 -4 0 0 1,217 1,245 7,881 21,681 98,739 415 0 0 0 -3 0 1 0 1,616 1,685 8,694 26,666 104,867 454 0 0 0 0 0 -1 0 2,089 2,452 9,581 35,593 126,177 514 0 0 0 0 0 1 0 2,421 1,128 9,470 35,101 142,607 718 0 0 610 677 1,241 6,493 8,076 19 0 0 0 4 0 -1 0 352 772 2,333 10,695 20,446 85 0 0 0 0 0 1 Q a 14 78 12 Europe Austria Belgium Denmark Finland France Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other Argentina Belize Bolivia Chile Colombia Costa Rica Ecuador El Salvador Guatemala Guyana Honduras Nicaragua Paraguay Peru Suriname Uruguay Other Western Hemisphere Bahamas Bermuda Netherlands Antilles United Kingdom Islands, Caribbean Other Antigua and Barbuda Aruba Barbados Cuba Dominica Dominican Republic French Islands, Caribbean Grenada Haiti Jamaica St. Kins and Nevis Trinidad and Tobago Africa South Africa Other Angola Botswana Cameroon Cape Verde Cote D'lvoire Egypt Ethiopia Gabon Guinea Kenya Liberia Malawi f) 76 15 23 P) 43 4 P) 125 1 ' 13 46 -2 P) 98 P) 2 20 P) 97 -18 -1 26 45 2 19,481 21,908 7,725 449 1,406 5,069 394 407 307 -1 P) 24 68 -2 5 1 -6 -2 31 44 2 8 48 fl 11 P) 90 56 25 P) 118 -28 Q 48 o -1 P) -•j 5 P) P) 62 21 P) 292 n 37 3 -7 1 26,070 25,240 24,627 3,267 6,518 653 1,244 4,652 7,373 629 2,412 4,256 7,878 751 1,980 4,721 970 18 647 407 -445 -312 -259 7,810 591 1,078 5,561 -12 591 563 0 387 335 0 685 676 0 P) 2 37 -7 3 -3 -40 0 -6 33 P) 8 8 n 11,756 613 1,006 9,291 ^26 1,271 32 P) 858 0 0 2 2 0 15,389 1,276 717 8,356 4,078 963 31 14 888 0 0 18,697 1,213 1,745 9,153 6,074 512 30 23 408 -3 0 P) 4 17,362 -1,780 1,592 8,481 8,417 651 28 24 596 16,817 -1,859 921 9,124 8,368 262 25 29 184 "o T 2 P) 3 1 p) 8 n n -2 P) o o 3 s o 2 1 -1 P) 1 3 1,264 5 1,258 2 0 0 0 1,230 -4 1,235 0 0 0 1 37 1 0 P) (*) 1 229 0 0 0 P) V) 1,210 0 n n 6 n -1 P) p) 5 -2 0 3 1,164 -3 1,167 -1 0 0 0 1 -1 0 -1 2 1 1,164 0 -155 0 0 0 1 0 1 0 5 7 717 -44 761 -1 0 0 0 n -3 0 -2 4 n 765 0 fjj -2 P) P) 3 -1 P) 15 2 1 0 -1 P) n 1 n R 52 2 413 297 0 P) 4 58 -2 4 (*) P) 175 226 2,881 14,109 -29 P) 2 P) 1,209 -9 1,218 0 -1 0 0 0 42 0 -1 1 -2 1,181 -1 29 7 -9 3 1 9 -110 P) -1 (*) n -1 /*\ 5 18 2 5 -2 P) -1 -6 -8 0 23 -1 7 n o fD\ 4 44 -12 1 -2 -16 0 -4 (*) n n 0 293 -222 1,891 2,385 -1,598 67 1 1 0 P) -443 -110 9 26 0 10 n -3 5 (*) P) _2 -1 n 0 n -2 <33 -296 671 724 4,500 g -1 n P) 6 -4 0 21 -9 -378 n 1 8 7 n n 36 1 35 0 -1 1 0 0 1 0 -1 0 -2 50 -1 16,283 2,538 -12 34 4,257 8,225 318 -335 -1,129 -657 18,929 129 0 0 o -1 P) -1 -1,121 131 -1,261 191 1,231 -8 1,248 -470 -130 135 -15 37 0 2 (*) _Q -9 -2 -2 P) o -3 (*) n 0 336 3 299 357 0 1 .-4 -15 4 n -1 -24 0 -2 n o -1 P) 7 3 42 So -1,385 -3,003 4,723 678 -16 3> 4,882 378 1,032 2,727 -135 -520 -686 -1 -1 8 -550 0 0 P) 1 9 n 1 61 15 46 2 1 0 0 n 1 1 P) 2 57 1 -3 0 1 8 P) -1 1 44 -9 53 -2 0 0 1 0 -59 -1 0 P) V 85 0 -655 -758 2,831 106 -2 1 184 T P) 1 n P) -2 n -66 1 -68 -1 0 0 -1 2 -7 0 -1 P) '(*) -45 0 3,911 3,285 255 5 34 -63 22,975 106 319 120 51 1,722 25,806 103 205 19 -35 2,654 1,908 411 131 -22 197 5,212 2,097 808 210 -15 695 6,294 135 244 80 223 807 2,424 9,220 18 0 0 -340 -158 -922 133 93 -65 -23 36 1,987 2,256 181 78 -14 9 4,120 2 111 93 154 119 1,572 7,232 12 0 0 0 0 0 85 -292 -42 -17 1,534 -8 104 -69 482 4,972 -37 1 0 0 (*) o n b -307 889 5,615 8 0 0 0 1 0 (*) o 3 3 4,787 -14 -25 1 -3 -21 -13 0 -1 -1 P) 2 -1 2,996 -1 -3 3,462 447 -99 -447 858 225 -90 -114 0 1 0 -10 9 2 1 P) _•) 0 -8 1 P) ? -317 28 174 -103 -216 -200 -3 5 -224 "o p) ( *1 2 -2 P) -440 -41 -399 1 0 0 -2 -2 0 -1 2 -1 -392 0 33,759 16,0* -9 n 1996 32,029 1,367 -1 6 P) 4 -3 0 0 -7 H 3 264 97 24 1995 21,286 8,361 -61 191 -95 -4 3 -28 -2 7 4 -110 -494 -835 -112 7,071 -2 26 -7 -6 P) 6 -13 0 175 n 32 1,121 36 223 1 2 213 0 0 133 10,928 n -3 P) 2,297 1,295 -571 1994 1993 n 1 -7 0 n n -144 538 35 51 373 53 25 T (*) 2 -10 n -1 (*) (*) o -1 (*) o p) 3 -681 -14 -194 -177 -541 45 -2 P) 28 0 -4 P) 0 0 o ...... -233 1,651 11,006 17 0 0 0 0 0 (*) n 0 0 0 0 5 "' n n 3 3 1 6 19 -5 1 5 4 -8 0 5 -8 -2 -1 3 464 1,391 1,349 1,557 484 46 53 319 42 24 21 0 397 88 2 264 -27 70 648 91 81 534 -52 -6 633 34 -8 563 -7 51 37 0 1 5 Jjjj n 1 1 1 -1 (*) -1 3 -1 4 -3 0 2 -6 2 1 0 3 -6 1 (*) 3 5 1 0 (*) v) 0 o -1 o -1 2 /D\ n 0 8 -20 17 -254 342 -184 60 -1 0 0 P) 1 8 ( n 1 1 3 7 1 2 (*) M 0 -1 (*) o P) 4 2 995 65 166 445 313 6 -1 1 1 0 0 701 -21 -65 558 346 -97 -2 1 -96 0 0 n 1 n 1 n n 1 2 (*) (*) o -2 (*) 0 4 •J 924 12 -163 615 478 -17 -3 1 -15 0 0 n 1 _•B)*( 3 -1 4 -1 _2 -61 -27 -19 54 -113 -fl 0 -8 0 JB 0 54 0 0 0 0 0 -6 0 0 0 0 63 0 -112 n 0 0 0 0 -8 0 0 0 -36 0 8 n 0 0 0 0 4 0 0 0 0 -19 0 8 n 0 0 0 0 -1 0 0 0 0 -14 0 n (*) n B)*( _2 0 -1 0 0 0 0 0 -10 0 0 0 0 -104 0 SURVEY OF CURRENT BUSINESS September 1997 • 115 Table 16.—Foreign Direct Investment in the United States: Country Detail for Selected Items-Continued [Millions of dollars] Direct investment position on a historical-cost basis 1992 Morocco Namibia Nigeria . Uganda Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Bahrain Iran Iraq Jordan Oman Qatar Syria Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other Afghanistan Bangladesh Bhutan ........ Burma Cambodia China French Islands, Pacific India ......... Indonesia ....... Laos ,. ..... ... Macau ............ Pakistan ......... Sri Lanka ....... Thailand ......... Tonga United Kingdom Islands, Indian Ocean United Kingdom Islands, Pacific Vanuatu Western Samoa 1. Prior to 1993, data were included in Czechoslovakia. 2. Prior to 1993, included data for Czech Republic and Slovakia. 1994 1993 -8 0 5 2 -11 1 1995 -4 0 -13 0 -14 0 10 2 8 2 8 6,008 l!995 2,527 6,177 1,960 2,572 -9 -11 1,310 1,484 87 84 P) 22 98 88 P) -2 0 P) 23 337 102 187 -3 5 3 42 P) 0 49 24 1 -2 4 4 5 4 5 P) 8 P 2 6,575 1,886 2,820 6,674 2,030 2,821 -2 P) 104 P) P) -1 0 42 20 -4 P) 116 P) 67 -1 0 57 16 P) -7 P) 97 P) 37 -1 D P n 0 1995 1994 1993 -10 0 6,057 1,365 2,768 Income Capital inflows (outflows (-)) 1992 1996 -4 1 $ 495 498 60 -2 -53 7 -14 7 -1 n 161 108 53 -2 81 -42 -37 -20 (*) o 17 -3 P) i*) P) 5 8 -6 0 n n -298 555 3 389 -2 180 -11 -5 -19 -7 0 P) 1 0 -3 -3 40 -2 61 -13 -4 -5 1 0 2 -2 54 -15 68 -2 20 -6 -11 -7 209 104 106 -2 23 -8 -13 -21 1 0 6 1 0 P) 13,104 4129 8 -3S -2,881 -647 -40 44 11,930 -224 -2,586 -234 -2,105 -184 84 -30 14 -10 -53 -7 -60 -20 -96 ( -6 -21 •j P) P) -1 n 5 1 2 n 947 38 135 152 251 118,116 4,245 -71 292 123 50 450 -73 462 179 76 626 402 149 75 394 445 136 81 203 26 9 10 2,949 -199 6,238 106 86 101 58 771 1,468 2,298 -336 1,618 1,548 2,139 -268 1,267 473 P) 499 P) 591 724 623 197 124 354 26 58 152 40 27 945 114 135 844 -45 -32 -5 187 596 144 0 0 0 109 0 37 69 0 0 0 224 0 47 97 "o 1 244 1 1 0 0 346 1 61 53 ° 0 0 0 0 170 0 24 80 H 0 0 5 3 17 5 3 17 5 3 22 3 30 5 3 26 (*) 3 7 P) -1 237 0 2 4 P) -1 192 0 3 2 P) 208 0 3 (*) P) -3 206 0 3 -2 P) n 149 o o n 44 61 o o n (*) 6 -8 0 18 81 0 0 0 -49 0 13 7 0 0 n 170 n 6 5 8 8 5 4s 1 42 (*) 1 -4 (*) o -1 60 ..•| -3 (*) o 0 0 1 -2 (*) o 8 141 -31 166 -2 P) P) 7 /D\ 8,519 504 -266 6,591 •z 2 -212 -293 3,472 312 11 0 1 8 -36 74 -2 -101 77 -121 3 -1 0 0 0 •(*) 96 1 17 8 -2 17 0 0 -2 (*) o -100 -1 -5 -6 5 -1 n 0 0 -2 n n -95 -92 -3 -20 o 0 0 0 -2 0 -49 -25 1 n -17 0 0 -4 (*) o n n n -£0 ( o 0 0 0 19 0 -13 -40 8 -6 0 -18 0 0 -3 (*) o -4 0 -5 0 -296 134,255 9,747 n 1996 1995 -4 0 n 122,986 7,833 1,557 107,933 P) 1994 -4 0 8 116,956 8,080 1,683 102,999 1,382 1,578 -5 0 P) 112,289 7,089 1,518 100,721 187 32 -5 -4 0 1993 -1 108,965 6,957 1,377 97,769 9,061 1,101 1992 1996 n 0 -5 1 n n 0 4 1 8 8 8 80S -268 3,531 112 3,084 84 985 -119 9 0 -6 12 74 35 ( o 0 0 0 61 0 -1 -7 -32 508 3,405 -158 3,106 -651 -4 1 -1 -11 -9 -117 -68 175 65 ( 239 86 ° 0 0 0 0 59 0 10 23 ? 9 0 -19 0 0 -2 -1 0 0 -12 0 0 -2 (*) n o 0 0 0 75 0 10 12 ? 0 -36 0 0 -2 o NoiE.-ln this table, unlike In the international transactions accounts, income and capital flows are shown without a current-cost adjustment, and income is shown net of withholding taxes. SURVEY OF CURRENT BUSINESS 116 • September 1997 Table 17.—Foreign Direct Investment in the United States: Industry Detail for Selected Items [Millions of dollars] Direct investment position on a historical-cost basis 1992 All Industries Petroleum .................. Petroleum and coal products manufacturing Integrated petroleum refining and extraction Petroleum refining without extraction Petroleum and coal products, nee Other Oil and gas extraction .. . . . . . . Oil ana gas field services Petroleum tanker operations Pipelines petroleum and natural gas Petroleum storage for hire Petroleum wholesale trade Gasoline service stations Food and kindred products Beverages Other Meat products , ... .. Dairy products Preserved fruits and vegetables Grain mill products Bakery products Other food and kindred products Chemicals and allied products Industrial chemicals and synthetics Drugs Soap cleaners and toilet goods . Other Agricultural chemicals Chemical products nee Primary and fabricated metals Primary metal industries Ferrous . . . . Nonferrous Fabricated metal products ...... Metal cans, forgings, and stampings Cutlery, hardware, and screw products Heating equipment, plumbing fixtures & structural metal Metal services, ordnance, and fabricated metal nee Machinery industrial machinery and equipment Computer and office equipment Other Engines and turbines .. Farm and garden machinery Construction, mining, & materials handling machinery Metalworking machinery Special industry machinery General industrial machinery Refrigeration and service industry machinery Industrial machinery and equipment, nee Electronic and other electric equipment ... Household audio & video, & communications equipment Electronic components and accessories Other Household appliances . Electronic and other electric equipment, nee Other manufacturing Textile products and apparel Textile mill products Apparel and other textile products Lumber, wood, furniture, and fixtures Lumber and wood products Furniture and fixtures Paper and allied products ... Pulp, paper, and board mills Other paper and allied products Printing and publishing Newspapers Other Miscellaneous publishing Commercial printing services Rubber products Miscellaneous plastics products Stone, clay, and glass products Glass products Stone, clay, concrete, gypsum, etc Transportation equipment .... Motor vehicles and equipment Other transportation equipment, nee Instruments and related products Measuring, scientific, and optical instruments Medical instruments and supplies Photographic equipment and supplies Other Tobacco products Leather and leather products Miscellaneous manufacturing industries Wholesale trade Motor vehicles and equipment Professional and commercial equipment and supplies Metals and minerals, except petroleum . Electrical goods Machinery, equipment, and supplies Other durable goods Lumber and other construction materials Hardware, plumbing, and heating equipment and supplies Durable goods, nee Groceries and related products Farm product raw materials 1994 1993 423,131 34,746 24,168 23,464 550 154 10,577 3,479 2,601 878 P) 561 4 160,360 23,771 6,720 17,051 49 1,268 503 8,709 2,136 4,386 52,394 26,479 12,192 6,502 7,221 385 6,836 12,155 5,884 1,467 4,417 6,271 2,673 546 1,149 1,902 30,518 11,943 1,824 10,119 168 1,923 2,007 727 1,416 1,785 1,218 876 18,575 7,108 4,380 7,087 2,109 4,978 41,523 2,549 1,576 973 773 386 387 3,033 1,084 1,948 10,407 108 10,299 7,997 2,302 3,246 1,835 8,137 1,689 6,448 5,090 3,466 1,624 7,345 3,885 3,460 a P) 467,412 32,214 22,461 21,626 558 277 9,752 3222 2,203 1,019 496,539 32,290 22,493 21,568 601 325 9,797 3,030 1,805 1,225 % £ «B & 480 455 168,147 22,778 7,612 15,165 18 824 522 7,922 2,121 3,758 56,821 24,091 19,192 6,851 6,687 422 6,266 12,497 5,777 1,432 4,345 6,720 3,027 510 1,156 2,026 30,231 10,814 1,246 9,568 172 1,869 1,893 763 1,080 1,817 1,182 791 19,416 7,759 4,287 7,370 1,816 5,554 45,821 2,628 1,599 1,029 2,529 2,304 225 3,588 990 2,598 9,576 86 9,490 7,369 2,121 3,803 2,398 9,464 1,233 8,232 4,982 3,359 1,623 7,687 3,867 3,774 46 -836 ^ P) 59,777 16,239 6,068 4,143 12,348 2,792 7,891 1,012 1,037 5,842 1,921 1.656 P) 62,915 15,718 7,043 4,260 13,318 3,762 9,351 1,506 1,117 6,727 1,862 1.515 189,459 21,411 7,830 13,581 910 675 570 5,886 1,738 3,801 66,028 25,662 24,876 8,358 7,132 1,003 6,129 14,320 7,615 2,416 5,200 6,705 2,742 603 1,612 1,748 35,196 13,477 1,812 11,665 166 2,073 2,046 818 1,276 3,138 1,293 855 21,719 7,800 4,580 9,339 1,531 7,808 52,504 3,181 2,230 952 2,756 2,466 290 4,466 1,270 3,196 10,302 170 10,133 8,307 1,826 4,047 2,580 10,180 1,533 8,647 6,955 5,266 1,689 7,312 3,025 4,176 112 725 1995 1996 560,850 33,888 23,178 22,145 660 373 10,711 3,951 2,552 1,399 37 737 630,045 42,343 28,118 27,002 734 382 14,225 4,276 2,400 1,876 21 786 5,587 P) 213,026 26,898 10,184 16,714 812 603 569 8,274 1,603 4,853 71,367 26,329 27,713 8,266 9,060 1,184 7,876 14,085 7,832 3,132 4,700 6,253 1,867 621 1,631 2,134 e,S (D) 37,638 15,271 2,517 12,754 183 2,217 2,754 741 1,235 3,667 1,183 774 22,367 7,760 4,063 10,545 1,662 8,883 63,037 3,899 2,791 1,108 2,923 2,592 331 5,332 1,655 3,677 10,791 372 10,419 8,694 1,725 4,698 3,111 11,789 1,743 10,046 11,109 8,756 2,353 8,635 3,773 4,720 142 750 P) 234,323 28,089 10,727 17,361 711 625 619 8,499 678 6,229 74,810 23,412 31,490 9,912 9,996 1,908 8,088 18,727 8,881 3,112 5,769 9,846 4,303 1,185 1,718 2,640 37,093 16,305 2,672 13,633 174 2,099 2,819 763 1,308 4,166 1,279 1,025 20,788 6,981 5,164 8,643 1,494 7,149 75,604 4,083 3,045 1,038 1,927 Capital inflows (outflows (-)) 1993 1994 1995 1996 19,222 -1,326 -1,567 -1,530 96 50,663 -1,213 46,995 1,665 275 198 33 44 1,390 111 69,414 3,152 1,774 1,674 54 47 1,377 1,014 928 86 78,828 8,113 4,879 4,788 74 17 3,234 70 -133 241 -6 12 -19 12 -263 24 487 -13 7,651 1,917 391 1,526 -35 -81 -76 360 8 3,325 620 1,336 643 726 6 720 138 -411 -96 -314 549 175 21 256 98 945 691 73 618 33 227 80 64 236 -120 94 4 254 590 269 -605 -97 -509 1,327 149 149 8 27 40 360 1>34 4,250 16,921 295 16,626 14,843 1,782 4,466 3,824 12,776 1,341 11,435 14,798 12,338 2,460 9,778 4,503 5,077 198 1,047 -707 -759 -595 -14 1,447 -« 1,517 -6 1,647 63,792 17,426 6,748 4,455 12,602 4,217 7,963 1,335 1,383 5,246 2,163 1.198 66,393 13,693 6,300 4,925 16,392 4,415 7,122 1,298 1,291 4,533 2,715 1.174 77,937 17,943 8,665 5,637 17,272 5,659 8,090 1,384 1,510 5,196 2,812 1.479 Income 1992 -a 362 277 -2 279 -60 339 -192 132 -462 325 -787 259 -22 282 555 225 320 9 182 33 H 148 3,580 101 654 213 621 132 10 '-60 I2 93 1,043 111 518 -932 -917 -150 135 -281 -928 -1,073 145 -11 162 fi P) 13,905 150 932 -782 -36 -234 39 -566 -49 64 6,283 1,485 4,079 1,096 -378 35 -412 -155 266 P) 16 P) 1,241 2 19,673 -1,375 204 -1,579 131 56 37 -1,951 -365 -139 965 11,306 2,074 6,965 -99 2,366 413 1,953 312 511 493 18 985 406 131 275 579 355 27 177 21 1,982 1,901 718 1,183 81 141 160 -75 2 42 434 1,349 -1,011 52 70 -1 2,360 938 511 912 3,826 1,689 548 1,141 -10 125 151 20 175 453 107 120 2,137 919 922 296 3,986 1,584 380 1,204 17 151 713 -56 -43 524 -245 -149 1,157 5,137 126 45 81 241 211 30 701 -13 714 834 -7 841 631 210 654 571 1,452 445 4,419 306 119 187 223 154 68 862 304 559 -S60 -51 5 -73 169 -37 -236 -128 1,580 33 50 -17 369 -106 429 46 155 16 11 127 5,538 100 886 232 1,244 829 2,122 1,143 71 908 -60 -93 -145 -272 10 -283 -254 -28 -562 129 721 400 322 890 847 43 709 273 422 14 1,413 T p) 5,785 2,739 -75 -245 1,871 630 187 215 244 -272 -748 63 -107 177 -23 54 Q $ *£ P) P) 27,849 5,596 2,164 3,432 125 66 -4 2,419 513 10,820 2,177 5,993 1,353 1,297 810 487 1992 -199 -678 -111 9 2,402 779 559 1,064 119 945 6,648 307 266 41 259 213 45 713 377 336 424 206 218 343 -125 432 507 1,618 209 1,410 857 276 581 1,468 775 698 -5 63 -28 6 86 6,453 47 404 612 3,860 150 -394 144 130 -667 54 -36 29,112 2,439 562 1,877 -101 22 50 407 50 1,449 6,880 1,569 2,757 1,575 979 718 260 5,280 1,454 431 1,022 3,826 2,409 561 119 737 -35 1,295 320 975 -9 -101 113 37 66 529 94 247 -1,330 -712 1,177 -1,795 -117 -1,677 14,548 285 317 -32 -1,269 8 576 76 500 6,162 -37 6,199 6,159 40 912 756 1,427 96 1,331 4,043 3,994 50 1,231 819 357 55 424 133 2 289 9,799 3,016 1,756 757 1,142 1,162 1,020 141 218 660 54 301 1994 1993 1,401 635 376 360 -9 24 260 -4 43 -47 4 52 22 205 -19 7,071 1,006 563 442 -36 -28 4 494 10 -2 4,136 640 2,644 372 481 6 476 843 201 642 -32 54 15 471 -76 210 -210 -263 -224 ^9 53 52 24 18 -42 -1,533 -962 -576 -386 11 -31 -175 -91 -110 3 9 -2 -571 -45 -128 -398 31 -429 293 76 89 -13 48 21 27 94 -5 100 254 2 252 153 98 -522 -11 -494 -123 ^70 -324 -239 -86 545 337 209 -1 627 Q P) -119 -90 -286 -44 40 -239 332 -11 44 298 109 70 1,579 1,269 1,244 10 15 310 123 6 117 1 88 2 $ 4,430 954 2,555 532 390 7 383 -236 -167 -98 -69 -69 13 67 -111 ^8 -1,610 -1,298 -1,175 -123 -6 130 -67 -41 -71 -73 -12 16 -312 69 66 -447 5 -451 568 145 152 -7 184 147 37 33 -2 35 357 -1 359 211 148 -341 30 -287 ^344 57 -183 -69 -114 356 35 314 8 274 Q P) 1,320 371 86 -32 -106 81 370 -8 48 330 9 53 1995 1996 21,286 1,902 1,180 1,090 28 62 722 87 -37 124 32,029 2,970 2,421 2,381 -16 57 549 52 33,759 4,190 3,521 ft fi 12 10,788 2,134 916 1,218 49 34 25 751 43 315 4,643 1,051 2,586 558 448 26 422 -100 153 8 & 12 15,886 17,262 1,780 862 918 -19 -7 43 492 -43 452 6,247 2,391 2,563 323 970 295 675 1,709 1,223 487 37 19 3 681 -150 -103 70 -87 127 1,165 479 2,316 905 320 231 89 -535 -647 -196 -112 674 -13 217 17 29 30 337 22 36 686 258 217 211 84 128 3,063 221 166 55 228 162 66 300 14 287 662 18 644 530 114 81 49 402 12 390 243 343 1,017 -5 224 140 20 91 464 -15 97 1,411 564 302 545 14 531 4,386 279 212 67 195 153 42 566 123 443 667 7 661 594 67 127 197 860 97 763 178 285 -100 -107 598 169 421 7 279 P) P) 2,611 1,226 -188 221 -101 261 411 67 136 207 143 139 H 60 668 299 103 196 9 a n 6,202 1,903 2,866 519 914 374 540 1,273 742 264 478 531 189 94 66 182 -216 3 804 326 487 -S 513 9 p) 3|8 60 17 496 860 356 343 100 126 117 195 100 1,060 561 134 427 499 115 93 127 165 1,739 1,149 -31 1,210 -15 290 185 98 107 388 75 82 590 351 299 -60 65 -125 6,436 265 213 52 345 264 80 333 40 293 765 8 757 658 99 289 8 1,419 189 1,230 1,238 1,252 -14 1,040 585 469 -13 732 P) P) 3,548 677 -18 391 494 446 -29 -1 75 -103 119 137 SURVEY OF CURRENT BUSINESS September 1997 • 117 Table 17.—Foreign Direct Investment in the United States" Industry Detail for Selected Items—Continued [Millions of dollars] Direct investment position on a historical-cost basis 1992 Other nondurable goods Paper and paper products Drugs, proprietaries, and sundries Apparel piece goods and notions Nondurable goods, nee Retail trade General merchandise stores .. . Food stores Aooarel and accessory stores Other Eating and drinking places Retail trade nee Depository Institutions Banks . . Savings institutions and credit unions Finance, except depository institutions Holding companies Franchising, business — selling or licensing Other finance, including security and commodity brokers insurance Life insurance Accident and health insurance Other insurance ^WWUIWI MUM UVV9WWVIJ W»VI VW Real estate Services Hotels and other lodging places Business services Computer and data processing services Computer processing and data preparation services Information retrieval services Computer related services, nee Other business services Advertising Services to buildings Equipment rental and leasing, except autos & computers .... Personnel supply services Business services, nee Motion pictures, including television tape and film Engineering architectural, and surveying services Accounting, research, management, and related services Accounting, auditing, and bookkeeping services Research, development, and testing services Management and public relations services Health services . Other Automotive rental and leasing, without drivers Automotive parking, repair, and other services Miscellaneous repair services Amusement and recreation services Legal services Educational services Other services provided on a commercial basis Other industries Agriculture, forestry, and fishing Agriculture Agricultural production—crops Agricultural production-livestock & animal specialty Agricultural services Forestry and fishing „ Forestry Fishina. huntina, and traDbina Mining ___™^^ Coal Coal mining Coal mining services Other Metal mining Iron ores Copper, lead, zinc, gold, and silver ores Other metallic ores Metal mining services Nonmetallic minerals except fuels Nonmetallic minerals mining, except fuels Nonmetallic minerals services, except fuels Construction Transportation Railroads Water transportation Transportation by air Pipelines, except petroleum and natural gas Passenger transportation arrangement Transportation and related services, nee Communication and public utilities Communication Telephone and telegraph communications Other communications services Electric gas and sanitary services 1993 1994 6,719 1,320 1,094 842 3,463 10,837 838 4,526 312 5,162 1,415 3,746 22,275 21,238 1,036 6,086 1,428 1,110 448 3,100 12,242 356 5,174 1,205 5,507 1,378 4,129 24,577 24,035 542 7,020 1,032 1,845 1,190 2,953 11,857 325 5,516 1,260 4,757 1,093 3,664 13,793 4,260 41 9,491 35,343 9,681 1,408 24,254 36,559 4,457 259 33,843 39,812 13,134 1,660 25,018 32,486 35,155 11,734 6,168 1,908 2 594 1,311 4,260 594 177 759 817 1,913 10,857 1,251 1,183 32,213 35,019 11,712 6,253 2,018 -1 669 1,350 6$ A 3,344 fl 202 2,254 9 P) 397 18,360 1,454 1,317 571 681 66 137 93 44 8,527 956 953 3 7,571 5,891 *a & P) 38,833 10,941 1,616 26,277 31,613 37,045 12,791 7,176 2,478 -6 970 1,514 4,698 739 >) 1,306 10,582 1,134 1,713 7^ & % A 2,958 "8 112 227 1,768 8 P) 637 0 1,552 2,608 1,232 248 -735 -140 1 354 1,508 4,219 1,490 343 1,147 2,729 1 794 1,448 4,275 1,567 270 1,297 2,708 i£ 1,680 41,000 4,970 113 35,917 1,594 10,544 1,240 1,266 21,715 1,368 1,257 526 667 65 111 91 20 10,127 945 942 2 9,182 7,402 40 7,050 309 3 1,780 1,780 0 2,041 3,904 1,466 336 5$ 259 27,139 26,261 877 -7 131 184 1,580 6 481 582 23,511 1,613 1,518 833 655 30 95 122 -28 10,555 620 617 2 9,935 "% 7,822 152 -2 1,888 1,888 0 1,960 4,058 1,342 318 189 1 700 1,509 5,326 3,077 1995 9,657 632 2,364 1,574 5,087 10,379 674 3,635 1,695 4,374 12,743 642 5,683 1,449 4,969 1,290 3,679 34,076 32,922 1,154 15,008 589 8,253 1,547 4,621 1,335 3,286 31,903 30,923 980 62,369 9,858 120 52,390 50,975 13,903 2,067 35,006 29,704 70,185 6,828 47 63,310 59,566 16,077 1,994 41,495 32,887 11,975 6,816 2,515 -13 1,035 1,493 W 675 311 1,018 805 1,491 6,337 991 1,786 7$ P) 1,123 3,859 30,118 38,945 11,403 9,030 2,906 1,167 1,739 6,124 689 P) 1,462 3,oS 5,697 722 1,813 $ 1,471 iA 24,788 1,657 1,589 760 778 50 68 98 -31 10,699 632 630 3 10,067 8,454 76 8,227 158 -6 1,612 1,612 0 1,892 4,237 1,433 306 249 1 760 1,487 6,304 2,955 8 2,249 Capital inflows (outflows (-)) 1992 155 -36 1,599 -2 483 P) 29,716 1,663 1,589 806 716 67 74 102 -28 10,138 838 836 3 9,300 7,531 7$ 177 iJB 1,769 0 2,194 4,348 1,284 318 502 1 609 1,635 11,373 6,950 6,372 577 4,423 1993 278 110 -23 146 45 1994 1995 1,363 1,755 -119 -231 1,141 310 31 149 165 640 -32 311 441 -80 -242 162 2,707 «* 785 176 628 10 617 843 146 607 636 -30 ^ 456 366 1,165 1,207 113 419 148 527 149 378 2,379 2,157 222 3,800 3,442 357 6,566 6,373 193 23,815 -122 3,652 470 3 3,179 2,759 952 217 1,590 16,681 1,257 8 15,415 . 4,114 1,921 60 2,133 1,431 -157 -118 7 ^ 1,357 300 23,632 1,718 1,216 123 379 898 230 34 634 859 1,096 -560 18 -75 2 2 -79 93 29 7 -68 -50 175 722 238 350 -1 263 88 4 323 5 -20 A 199 NOTE.—In this table, unlike in the international transactions accounts, income and capital flows are shown without a current-cost adjustment, and income is shown net of withholding taxes. 1996 71 3 •P) 165 944 3 19 26 3 -10 -16 -6 -8 1,022 -19 -19 n 1,041 465 P) 422 16 196 -77 -894 537 282 -2 128 156 256 37 £ ^ -806 157 22 -5 51 -24 74 831 -199 -79 -103 30 5 8 -61 196 116 $ 81 .; 50 -210 156 -65 39 591 -94 1,274 111 -701 , 4 1 , 2,189 82 -137 80 -216 3,793 -159 -133 -15 -113 -5 -26 -2 -24 2,334 -14 -14 -1 P) -53 5,570 104 117 165 -46 -2 -13 0 -14 1,135 -94 -94 u8 1*8 948 "R 2,172 49 101 0 -92 1,216 193 88 526 3$ 26 494 76 -73 150 418 35 925 -7 -5 281 281 0 376 183 -169 26 169 8 90 3,772 3,821 143 -56 130 373 -303 -118 -185 -539 -880 1,946 8,618 -819 -737 -525 -49 120 -8 52 •76 -169 -122 £ A 910 -87 101 2,795 523 -11 165 369 2,272 & i£ -441 -256 37 P) 19 15 -158 -212 7,775 239 4 7,531 7,739 2,047 61 5,631 388 1 -19 % 26 335 -1 P) 159 -11 37 144 20 -203 -188 3 $ 1,463 -582 1992 562 309 253 4? A a A 576 0 259 2,303 460 1,960 1,120 -4 594 529 841 93 Income 1996 -124 J 2,326 -111 -109 -219 90 21 -2 1 -3 558 ^38 -38 & 558 ^ 6 -4 37 37 0 -29 385 106 -11 121 $ 106 1,523 530 341 188 993 A 168 8 «5 -37 14 -68 16 8 4 4 -15 1994 488 38 238 -56 267 499 11 244 66 178 -97 -85 79 -66 -26 66 -92 399 -12 308 26 77 29 48 483 405 78 -172 -72 4 1995 1,331 -36 1,075 128 164 2,837 2,734 103 4,725 2,626 831 130 6 693 2,237 1,127 154 956 697 222 11 464 1,913 1,303 61 549 ft -104 608 205 129 274 1,391 684 91 616 -1,407 -1,170 -680 -423 -1,248 -700 -376 -345 -188 -118 67 <3 33 -31 67 32 1 1 -64 98 -780 6 33 2 25 18 -68 11 9 -17 -99 -1 -2 31 -161 -124 -108 201 201 J-648 & 424 151 37 -3 36 4 114 23 10 -12 91 -369 -163 -19 2 -10 -11 29 47 -1 13 -5 n -6 47 442 -127 -109 -15 -70 -24 -18 -1 -17 251 -8 n 259 246 349 208 -3 27 184 141 53 5 46 21 16 -234 -388 67 4 3 61 62 -11 -4 14 -5 -68 -1 17 36 705 -82 -71 -7 -65 4} -11 549 3 0 546 518 212 156 10 -6 -21 37 146 8 -20 6 46 106 160 -7 -71 1,418 -51 -61 -16 -51 6 10 3 7 586 60 60 1.18 1,040 P) 151 151 0 292 ^326 38 0 -7 13 13 0 -5 28 28 0 -18 238 78 20 89 9 ^36 55 -3 18 36 71 122 403 257 18 -53 132 -18 -1 204 JZ -175 4,942 4,005 -206 8 26 -48 -166 11 -177 118 564 -1 -14 P) n 25 n 8 62 396 137 128 -31 -11 17 -38 159 26 P) 92 P) 122 -71 -27 55 1,841 10 12 40 -31 3 -1 1 -3 1,165 64 64 JB -3 -343 8 714 221 6 488 3,048 1,563 108 1,377 2 17 -12 17 £ -8 4 -25 28 56 10 -9 -93 -4 -9 57 A -3 -485 -169 -125 -153 9 A 68 .A 19 -206 496 6 516 98 A Q 1 1,041 2 -4 62 62 0 -93 355 68 2 92 s 1996 1,436 145 684 117 490 544 3 485 103 -47 31 -78 -62 7 ^84 -19 -72 -18 -16 -7 -9 565 103 103 -296 1993 n 8 , 433 1 425 11 -3 92 92 0 -154 429 55 29 168 8 107 608 222 359 -137 386 Il8 • September 1997 SURVEY OF CURRENT BUSINESS Table 18,—Foreign Direct Investment Position in the United States on a Historical-Cost Basis and Direct Investment Income, by Country of Each Member of the Foreign Parent Group and by Country of Ultimate Beneficial Owner1 [Millions of dollars] 1994 By country of each member of the foreign parent group Position All countries Canada Europe Austria Belgium Denmark Finland France Germany Ireland Italy Liechtenstein Luxembourg Netherlands . Norway Spain Sweden Switzerland United Kingdom Other Latin America and Other Western Hemisphere South and Central America Brazil Mexico Panama Venezuela Other. Other Western Hemisphere Bahamas Bermuda Netherlands Antilles United Kingdom Islands, Caribbean Other Africa South Africa Other Middle East Israel Kuwait Lebanon Saudi Arabia United Arab Emirates Other Asia and Pacific Australia Hong Kong Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Other United Slates 486,539 41,960 303,649 769 3,892 1,921 2,016 33,603 40,345 4,648 2,746 164 2,352 67,210 1,616 1,685 8,694 26,666 104,867 454 26,070 7,373 629 2,412 4,256 -312 387 18,697 1,213 1,745 9,153 6,074 512 1,230 -4 1,235 6,674 2,030 2,821 -7 P) 97 P) 116,956 8,080 1,683 102,999 -73 462 179 76 1,382 1,578 591 21,286 2,996 16,059 15 255 5 34 -63 2,256 181 78 -14 9 4,120 93 154 119 1,572 7,232 12 1,391 397 88 2 264 -27 70 995 65 166 445 313 6 -19 (*) -19 54 -15 68 -2 20 -6 -11 805 -268 84 985 -119 9 1. The ultimate beneficial owner is that person, proceeding up a U.S. affiliate's ownership chain, beginning with and including the foreign parent, that is not owned more than 50 percent by another person. The country of ultimate beneficial owner is often the same as that of the foreign parent, but it may be a different foreign country or the United States. Position Income n -« 12 74 35 1996 1995 By country of ultimate beneficial owner 496,539 50,573 290,927 1,224 3,154 1,157 2,399 39,109 44,384 1,466 4,551 208 848 48,438 1,496 1,217 9,675 26,582 104,608 410 13,321 8,222 2,000 3,516 163 1,775 767 5,099 216 2653 1,042 1,069 121 1,481 1,170 311 11,152 2,133 3,129 383 3,793 1,127 587 124,513 7,829 3,642 106,726 -228 617 547 212 1,098 2,968 1,102 4.572 Income 21,286 3,411 15585 '105 281 29 50 94 2,655 131 -12 -7 -10 2,589 95 91 120 1,757 7,611 7 586 271 197 32 -249 207 85 315 -25 206 63 61 10 59 44 14 133 4 46 52 88 -43 -14 859 -245 99 971 -131 36 -12 2 5 121 12 654 By country of each member of the foreign parent group By country of ultimate beneficial owner By country of each member of the foreign parent group By country of ultimate beneficial owner Position Position Position Position 560,850 48,258 357,193 1,555 3,676 2,990 2,752 38,480 49,269 7,418 2,750 135 5,957 65,806 2,089 2,452 9,581 35,593 126,177 514 25,240 7,878 751 1,980 4,721 -259 685 17,362 -1,780 1,592 8,481 8,417 651 1,164 -3 1,167 6008 l!995 2,527 -9 1,310 98 88 122,986 7,833 1,557 107,933 626 402 149 75 1,548 2,139 724 Income 32,029 3,911 22,975 106 319 120 51 1,722 1,908 411 131 -22 197 5,212 135 244 -233 1,651 11,006 17 1,349 648 91 81 534 -52 -6 701 -21 -85 558 346 -97 54 n 54 209 104 106 -2 23 -8 -13 3,531 112 -32 3,405 -158 -4 1 -1 -117 239 86 560,850 59,667 338,303 2,304 2,961 1,298 3,111 41,463 53,944 1,950 6,015 182 1,120 52,297 1,979 1,904 10,255 38,910 118,138 473 14,903 8,895 2,298 3,125 185 2,020 1,268 6,008 216 3,032 1,258 1,390 112 1,773 1,388 385 10,575 2,126 2,654 403 3,691 1,280 422 130,724 8,572 3,872 110,189 414 683 422 179 1,372 3,615 1,407 4.905 Income 32,029 4,412 21,268 186 277 61 72 1,607 2,422 407 286 -15 9 3,793 130 192 -219 1,898 10,142 19 805 401 173 146 -48 115 14 403 -18 239 124 57 1 255 225 30 277 133 109 48 59 -51 -21 4,296 242 220 3,600 -164 38 42 -37 -19 388 -13 718 630,045 53,845 410,425 1,791 3,979 2,118 2,818 49,307 62,242 9,776 2,699 161 10,284 73,803 2,421 1,128 9,470 35,101 142,607 718 24,627 7,810 591 1,078 5,561 -12 591 16,817 -1,859 921 9,124 8,368 262 717 -44 761 6,177 1,960 2,572 -11 1,484 87 84 134,255 9,747 947 118,116 394 445 136 81 1,468 2,298 623 Income 33,759 3,285 25,806 103 205 19 -35 2,654 2,097 808 210 -15 695 6,294 80 223 807 2,424 9,220 18 1,557 633 34 -8 563 -7 51 924 12 -163 615 478 -17 -113 -1 -112 141 -31 166 -2 P) M 7 3,084 -31 508 3,106 -«51 -11 -9 n -68 175 65 630,045 70,854 379,583 1,356 3,639 1,061 3,114 52,542 67,454 3,299 5,843 124 1,588 61,127 2,287 458 10,100 39,632 125,325 633 15,646 8,446 2,466 2,277 347 2,244 1,112 7,201 450 2,691 1,736 2220 104 1,075 674 401 10,779 2,419 2,647 404 3,765 1,242 302 146,902 7,330 3,902 127,955 484 740 440 122 929 3,761 1,240 5,205 Income 33,759 4,049 24,907 167 236 -115 -20 2,529 2,969 424 743 -46 46 4,728 70 166 813 2,804 9,382 11 832 360 173 67 -83 136 67 472 -22 348 173 -24 -3 171 141 30 259 6 200 14 65 -20 -6 2,783 -46 389 2,959 -657 19 -2 -38 5 124 20 758 NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment, 119 SURVEY OF CURRENT BUSINESS September 1997 U.S. Direct Investment Abroad: Detail for Historical-Cost Position and Related Capital and Income Flows, 1996 THE FOLLOWING TABLES present detailed estimates of the U.S. direct investment position abroad on a historical-cost, or book-value, basis and of the related capital and income flows. These tables supplement an article in the July 1997 SURVEY OF CURRENT BUSINESS that summarized developments in the direct investment positions at historical cost in 1996.1 The estimates for 1996 are preliminary; those for 1994 and 1995 are revised. The estimates in tables 3-19 differ in two respects from those for comparable items in the international investment position of the United States and in the U.S. international transactions accounts.2 First, the estimates in tables 3-19 are on a historical-cost basis, which is the only basis on which detailed estimates by country and industry are available; in contrast, the aggregate estimates of the direct investment position that are included in the international investment position of the United States are presented on both a current-cost and a market-value basis, and the aggregate estimates of direct investment income and capital flows in the U.S. international transactions accounts are presented on a current-cost basis. Second, the estimates of direct investment income and services in tables 3-19, unlike those in the U.S. international transactions accounts, are net (after deduction) of U.S. and foreign withholding taxes; estimates gross of 1. See "Direct Investment Positions for 1996: Country and Industry Detail," SURVEY OF CURRENT BUSINESS 77 (July 1997): 34-41. 2. In the July 1997 SURVEY, see "The International Investment Position of the United States in 1996" (pages 24-33) and "U.S. International Transactions, First Quarter 1997" (pages 56-99). Acknowledgments The survey from which the data for U.S. direct investment abroad were drawn was conducted under the supervision of Mark W. New, assisted by Laura A. Downey, Javier J. Hodge, Marie K. Laddomada, Sherry Lee, Leila C. Morrison, Gary M. Solamon, Dwayne Torney, and Wendy P. Warcholik. Smith W. Allnutt in programmed the tables. withholding taxes are not available by country or by industry. Table i presents the total U.S. direct investment position abroad and a comparable rate of return on the position on all three valuation bases (historical cost, current cost, and market value); table 2 presents a reconciliation of the estimates in tables 3-19 with those in the U.S. international transactions accounts. Tables i through 19 follow, fcdl General Notes to the Tables • Detail may not add to totals, because of rounding. • An asterisk "(*)" indicates a value between -$500,000 and $500,000. • A "(D)" indicates that the data in the cell have been suppressed to avoid disclosure of data of individual companies. • The country category "International" consists of affiliates that have operations spanning more than one country and that are engaged in petroleum shipping, other water transportation, or offshore oil and gas drilling. • "Eastern Europe" comprises Albania, Armenia, Azerbaijan, Belarus, Bulgaria, Czech Republic, Estonia, Georgia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Poland, Romania, Russia, Slovakia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. • The European Union (12) comprises Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and the United Kingdom. • The European Union (15) comprises the European Union (12) and the three countries—Austria, Finland, and Sweden—that joined the Union in 1995. • OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. SURVEY OF CURRENT BUSINESS 12O » September 1997 Table 1-Alternative Position and Rafe-of-Refurn Estimates for U.S. Direct Investment Abroad, 1994-96 Millions of dollars Changes in 1996 (decrease (-)) Changes in 1995 (decrease (-)) Valuation method Historical cost Current cost Market value Position at yearend 1994 Position at yearend 1995 Attributable to: Total 640,320 797,781 1,076,757 Capital outflows Valuation adjustments -7,881 85,115 86,737 86,737 77,234 86,509 235,234 -228 148,497 717,554 884,290 1,311,991 Valuation adjustments Capital outflows 78,940 86,508 222,617 Percent 1994 Historical cost1 Current cost23 Market value Direct investment position at yearend Direct investment income 88,726 90,349 93,412 Rate of return 1993 1996 1995 69,921 70,911 69,139 96,639 98,890 100,725 796,494 970,798 1,534,609 -6,620 -1,304 134,805 85,561 87,812 87,812 Millions of dollars Valuation method Position at yearend 1996 Attributable to: Total 1994 1995 640,320 797,781 1,076,757 717,554 884,290 1,311,991 1994 1996 564,283 714,756 1,027,547 796,494 970,798 1,534,609 1995 1996 13.1 10.7 11.6 9.4 6.6 12.8 10.7 7.1 7.8 1. On a historical-cost basis, direct investment income excludes capital gains and losses and is computed without a current-cost adjustment to earnings; it equals the sum of lines 9 and 14 of table 2. The rate of return based on historical cost equals this measure of income divided by the average of the beginning- and end-of-year historicalcost direct investment positions. In accordance with international guidelines, this measure of income, like the other measures shown in this table, is recorded gross (before deduction) of U.S. and foreign withholding taxes on distributed earnings and interest. However, it differs from the measure disaggregated by country and industry in subsequent tables, which is recorded net (after deduction) of withholding taxes, because withholding tax data are not available by country or industry. 2. On a current-cost basis, direct investment income excludes capital gains and losses and includes a currentcost adjustment to earnings; the latter adjusts depreciation, depletion, and expensed exploration and development costs to reflect current-period prices, and to more closely align income earned in a given period with charges against income in the same period, as required for the national and international economic accounts. Income on a currentcost basis equals line 1 of table 2. The rate of return based on current cost equals this measure of income divided by the average of the beginning- and end-of-year current-cost direct investment positions. 3. On a market-value basis, direct investment income measures financial return to investors; thus, it includes capital gains and losses but excludes the current-cost adjustment, which is an economic accounting adjustment, and currency translation adjustments, which in company financial statements are taken directly to an equity account without passing through the income statement. It is derived as line 1 minus line 8 of table 2, plus the total in column 12 of table 5. The rate of return based on market value equals this measure of income divided by the average of the beginning- and end-of-year direct investment positions at market value. Table 2.—U.S. Direct Investment Abroad: Reconciliation With International Transactions Accounts Table 3.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis [Millions of dollars] Line Direct investment position 1994 1995 1996 Millions of dollars 1 Income with current-cost adjustment, before deduction of withhold* 2 3 4 fi 6 7 8 9 10 11 12 13 14 Ing taxes (IT table 1 line 12) Earnings Distributed earnings Reinvested earnings Interest net U.S. parents' receipts U S parents' payments less: Current-cost adjustment to earnings Less: Withholding taxes, net On distributed earnings On interest, net , ... On U.S. parents' receipts On U S parents' payments Equals-, Income without current-cost adjustment, after deduction of withholding taxes (shown in the accompanying tables) 70911 68402 38265 30,138 2,509 5,074 2565 90349 990 1,324 1,086 239 254 15 1,622 1,278 949 330 352 22 86,m 32991 54,007 3350 7,041 3691 98,890 95,514 37629 57,885 3,377 6,737 3360 2,252 1,572 1255 317 337 20 68,597 87,448 95,067 69,262 20491 35,331 14,840 30138 18633 21,763 -5130 990 86,737 36611 47,957 11,346 54007 -3881 21,642 -25522 87,813 21605 38,895 17,290 57885 8323 8563 1622 2252 15 16 17 18 19 20 21 22 with sign reversed) Equity capital Increases in equity capital Decreases in equity capital Reinvested earnings (line 4) U.S. parents' receivables U S parents' payables 23 24 Equals: Capital outflows without current-cost adjustment (shown in the accompanying tables). 25 Equity capital (line 16) Reinvested earnings without current-cost adjustment (line 19 less line 26 Intercompany debt (line 20) 28 Royalties and license fees, before deduction of withholding taxes, 27 29 30 31 3? 33 34 31) 36 37 38 39 U.S. parents''receipts (IT iSe"^ U.S. parents' payments (IT table 1, part of line 22, with sign reversed) Less: Withholding taxes, net On U.S. parents' receipts On U S parents' payments ... Equals: Royalties and license fees, after deduction of withholding taxes, net (shown In the accompanying tables) U.S. parents' receipts U S parents' payments Charges for other services, net1 U.S. parents' receipts (IT table 1, part of line 9; also shown in the accompanying tables) U.S. parents' payments (IT table 1, part of line 23, with sign reversed; also shown in the accompanying tables) -241 20491 36,611 21605 29148 18633 52385 -3881 55633 8323 16,506 16,768 261 823 838 15 19,762 20,210 448 984 1,010 26 21,363 21,916 554 15,683 15,930 246 6,190 18,778 19,200 423 5,975 20,300 20,821 521 6,259 12138 12,795 13763 5,948 6,820 7,505 1,063 1,095 32 1. Withholding taxes on "other" services transactions between U.S. parents and their foreign affiliates are assumed to be negligible, and no estimates of them are made. Therefore, there is no difference between the beforetax estimates shown in the international transactions accounts and the after-tax estimates shown in the accompanyNOTE.—This table reconciles the estimates for which country and industry detail are presented in this report with the aggregate estimates presented in the U.S. international transactions accounts in the July 1997 SURVEY OF CURRENT BUSINESS (see "U.S. International Transactions, First Quarter 1997," SURVEY 77 (July 1997): 56-99). In the international transactions accounts, the earnings component of direct investment income and the reinvested earnings component of capital outflows are adjusted to a current-cost basis, and direct investment current-account items are adjusted to be gross (before deduction) of U.S. and foreign withholding taxes. These adjustments are not made to the estimates in tables 3-19 in this report, because the source data needed to make the adjustments by country and industry are not available. IT International transactions 1994 All areas Petroleum Manufacturing Other Canada .. . . Petroleum Manufacturing Other .!. Europe Petroleum Manufacturing Other... .!. Of which: Germany Petroleum Manufacturing Other !. United Kingdom Petroleum Manufacturing Other Latin America and Other Western Hemisphere .... Petroleum Manufacturing Other Asia and Pacific Petroleum Manufacturing Other .!. Other Petroleum Manufacturing Other International 1995 717,554 70,229 250,253 397,071 85,441 10,397 42,215 32,829 Change 1996 1996 77,234 3,125 38,823 35,286 7,423 78,940 5,250 22,310 51,380 6,146 600 1,602 3,944 38,638 3,030 11,517 24,091 360,994 ' 25,877 123,216 211,902 796,494 75,479 272,564 448,452 91,587 10,997 43,817 36,773 399632 28,907 134,733 235,992 38,467 2,087 20,349 16,030 121,321 14,008 25,325 81,989 44,226 2,308 22,899 19,020 122,767 13,222 27,638 81,907 44,259 P) 22,741 P) 142,560 14,889 32,341 95,331 5,760 220 2,550 2,990 1,446 115,093 6,184 29,266 79,642 111,373 18,325 40,126 52,922 12,347 5587 3,035 3,724 3,355 128,252 5,990 36,883 85,379 125,834 21,320 44,393 60,120 14,052 144,209 6,488 40,611 97,111 140,402 19,943 49,382 71,077 16,311 7,180 4,021 5,110 4,352 13,159 3,546 4,846 2,981 1995 1995 640,320 67,104 211,431 361,785 78.018 10,755 36,626 30,637 320,135 25,022 102,377 192,735 5661 Percent Millions of dollars -558 5,589 2,192 40,860 855 20,839 19,166 -786 2,314 -82 33 P) -158 P) 19,793 1,667 4,702 13,424 1996 12.1 4.7 18.4 9.8 9.5 ^3.3 15.3 7.2 12.8 3.4 20.4 9.9 15.0 10.5 12.5 18.6 1.2 -5.6 9.1 -.1 11.0 7.5 8.9 12.9 7.2 5.8 3.8 12.0 10.7 11.7 9.3 11.4 .1 P) -.7 P) 16.1 12.6 17.0 16.4 15,957 498 3,728 11,732 14,569 -1,377 4,989 10,957 11.4 -3.1 26.0 13.0 16.3 10.6 13.6 11.6 -6.5 11.2 18.2 1,706 73 511 1,121 2,259 13.8 16.1 26.8 13.4 -374 1,372 -194 7,616 5,737 14,461 2,995 4,267 7,198 1520 475 264 7.2 1.3 16.8 30.1 -11.1 12.4 8.3 10.1 13.7 5.5 46.0 SURVEY OF CURRENT BUSINESS September 1997 • 121 Table 4.—U.S. Direct Investment Position Abroad on a Historical-Cost Basis by Account [Millions of dollars] 1996 1995 Intercompany debt Total All areas Petroleum Manufacturing Other Canada .. Petroleum Manufacturing Other ;.. Europe .... Petroleum Manufacturing Other ... Of which Germany Petroleum Manufacturing Other United Kingdom Petroleum Manufacturing Other Latin America and Other Western Hemisphere Petroleum Manufacturing Other ... Asia and Pacific Petroleum Manufacturing Other ... Other Petroleum Manufacturing Other ... international . . Equity1 Net parents' receivables Intercompany debt U.S. parents' payables Total Equity » U.S. U.S. parents' receivables Net parents' payables 717,554 70,229 250253 397,071 645,318 58,817 228,587 357,914 72,236 11,412 21,666 39,158 183,121 22,476 44,494 116,151 110,885 11,064 22,828 76,993 796,494 75,479 272,564 448,452 715,936 63,095 252,646 400,195 80,558 12,384 19,918 48,257 191,684 25,213 45,318 121,153 111,125 12,829 25,401 72,896 85,441 10,397 42,215 32,829 77,099 8,702 37,947 30,450 8,342 1,695 4,267 2,379 16,685 2,276 8,992 5,417 8,343 91,587 10,997 43,817 36,773 85,062 9,301 41,689 34,072 6,524 1,696 2,127 2,701 14,653 2,459 7,216 4,978 8,129 4,725 3,038 5,089 2,278 360,994 25,877 123,216 211,902 309,648 19,320 114,129 176,198 51,347 6,556 9,087 35,704 105,070 9,226 18,100 77,744 53,723 2,670 9,013 42,040 399,632 28,907 134,733 235,992 341,024 21,269 125,353 194,402 58,608 7,638 9,380 41,590 116,303 10,659 21,510 84,135 57,695 3,021 12,129 42,545 44,226 2,308 22,899 19,020 38,491 1,956 21,389 15,146 5,735 351 1,510 3,874 8,082 389 2,808 4,884 2,346 38 1,298 1,010 44,259 38,829 5,430 8,478 3,048 22$ (°) 21$ P) 1 $ (°) 3$ (°) 1 $ (°) 122,767 13,222 27,638 81,907 88,976 9,525 25,506 53,945 33,791 3,697 2,133 27,962 62,698 5,411 4,796 52,491 28,906 1,714 2,663 24,529 142,560 14,889 32,341 95,331 101,949 10,188 28,996 62,765 40,612 4,701 3,344 32,566 73,534 6,445 7,897 59,191 32,922 1,744 4,553 26,625 128,252 5,990 36,883 85,379 129,876 5,337 30,356 94,183 -1,624 25,263 2,515 9,416 13,332 26,887 1,862 2,889 22,136 144,209 6,488 40,611 97,111 145,903 5,971 34,642 105,290 -1,694 6,527 -3,804 5,969 -8,179 24,849 2,642 8,356 13,852 26,543 2,125 2,386 22,031 125,834 21,320 44,393 60,120 111,943 18,556 42,788 50,598 13,891 2,764 1,605 9,522 31,101 5,037 7,601 18,462 17,210 2,273 5,996 8,940 140,402 19,943 49,382 71,077 124,185 17,673 47,344 59,168 16,218 2,270 2,039 11,909 30,305 5,465 7,619 17,221 14,087 3,195 5,580 5,312 14,052 5,661 3,546 4,846 13,689 5,716 3,366 4,607 4,415 3,040 4,051 3,095 887 470 402 16 4,079 3,195 3,063 206 751 671 15,424 6,711 3,619 5,094 4,966 3,664 385 990 588 16,311 7,180 4,021 5,110 2,981 363 -55 180 239 -83 4,352 4,338 15 617 685 607 215 669 592 1. Includes capital stock, additional paid-in capital, retained earnings, and cumulative translation adjustments. U.S. 653 581 517 762 SURVEY OF CURRENT BUSINESS 122 » September 1997 Table 5.—Change in the Historical-Cost U.S. Direct Investment Position Abroad by Account [Millions of dollars] Valuation adjustments Capital outflows Intercompany debt Total Reinvested earnings Equity capital Total Increases in U.& parents' receivables Increases in U.S.f parents' payables ' Total Translation adjustments2 Other capital gains and losses Other Net (7) (8) (9) (10) (11) (12) (13) 21,642 25,522 -1,477 -7,881 2,444 4,685 688 383 135 171 7251 107 -4794 -10,388 Net Increases Decreases (D (2) (3) (4) (5) (6) 77,234 36,611 -1,448 17*92 20,767 47,957 11,346 3,399 35*86 85,115 2,437 42531 40J48 52,385 3,399 23,990 24,996 7,423 8,435 1,523 -710 1995 All areas Petroleum Manufacturing Other .7. Canada Petroleum , Manufacturing Other .... ..... Europe Petroleum Manufacturing Other ....! Of which: Germany , Petroleum Manufacturing Other United Kingdom Petroleum Manufacturing 3,125 38 823 1,951 19145 26,661 1 853 6194 -3,881 486 1248 -992 -5,615 8,500 14,134 19,748 -3708 ^,862 2.528 -1,012 138 268 56 . . . . 744 -1,337 15,621 -4,432 82 455 6,131 -403 1,886 3,903 11,636 -2,568 -2,320 2,950 2,863 -148 983 -5369 -6!l66 849 P) 435 P) 1,387 1,913 18 2.547 185 524 270 -186 4,586 2,039 '-48 1,851 -378 45,292 23,679 -5,192 -485 1,868 2,310 26,805 30,183 3,378 *855 20,839 19,166 399 335 525 191 549 23,406 21,486 14,620 11,850 15,790 13,868 1,170 2,017 10,803 12,326 5,760 Petroleum Manufacturing Other Asia and Pacific Petroleum Manufacturing Other .7. Other Petroleum Manufacturing Other International -2,017 -2,691 8,945 318 4,373 2*47 2,659 93 1,482 P) 302 P) P) 596 P) 412 P) 294 P) 1,931 220 2,550 2,990 642 P) P) 236 P) 4,515 -680 8,759 9,914 1,155 5,040 -9*84 2,037 11,321 154 304 183 -40 3,304 -1,994 -519 786 44 7M 14, (33 -27 5,301 3,573 6,037 7 981 -206 4,308 150 269 -868 11 4 RO4 -1,594 1,446 -786 2,314 -82 41 4Rft 14,109 -194 7,616 5,737 14,461 2,995 4,267 2,798 8,398 6,382 -90 1,379 195 P) -199 4*o7 96 657 1,121 -374 78,940 5*50 22,310 51,380 6,144 -352 28,530 50,887 6,146 749 -549 32 734 142 -65 y,4ui 10,333 R O40 0,030 495 -784 -248 536 3,733 3,044 -1,175 3,745 3,426 4,602 -167 -782 -645 P) p\ P) -781 /D\ 1,118 2,325 -270 -663 P) P) (DS P) P) IDs P) P) /D\ 330 413 83 P) P) P) 96 10 8,323 8,563 2,728 240 -6,620 0 P) 2,843 4,537 7,862 1,778 192 -3,068 ft O94 0,0*3 5,173 73 511 -12 182 4 flOR 1,U09 10,282 1,706 -419 14 -7,140 195 1,076 1,332 4,350 4,600 0 P) /D\ P) P) /D\ P) P) fp\ 1,025 45 145 100 -384 P) P) P) 718 519 650 242 85,560 21,605 9,024 12,933 38,895 4,404 12,460 22,011 17,290 4,756 3,456 9,079 55,633 5,533 21*48 28,852 1,887 700 105 -152 A At\4 2,454 -11,431 -106 2,625 4,838 359 -189 -1,466 125 2*31 2,384 15*41 -1*96 1,039 736 134 130 227 867 33 127 -910 -246 3,193 '397 1,815 -277 1,068 -917 -1*27 263 1,620 7,198 1,044 9 7A.4 Z,fO3 A HffJ 81 10,429 6,894 365 2,192 . 4,444 203 186 115 -98 1,496 -626 5,533 3,528 583 1,082 -15,011 1,268 1,122 3,019 -358 5,569 895 159 442 979 152 -72 -23 -145 656 -590 -<3*53 -308 -1,410 -1,535 1J93 44 -14 -230 1,057 -842 -94 -50 29 -73 -71 -39 -17 -16 1 1,559 -2*45 -32 -2,098 -1,596 9 44ft 2,146 94 259 -57 260 -84 -214 1,383 -1,974 31 22 -50 60 1 -33 -6 -79 52 8 -5,787 1996 All areas Petroleum Manufacturing Other Canada Petroleum Manufacturing Other ..... gurope , Petroleum Manufacturing Other Of which: Germany ... Petroleum Manufacturing Other United Kingdom Petroleum Manufacturing Other Latin America and Other Western Hemisphere , Petroleum Manufacturing Other Asia and Pacific Petroleum Manufacturing Other .... Other Petroleum Manufacturing Other International -4,920 4,087 1,765 -894 -326 -6*20 -2,366 -2,229 310 22 5,004 2,573 -4,098 831 9,102 494 3,755 581 203 203 175 845 59 -69 855 -879 -3,876 -1,032 6,875 2,376 4,875 2,499 -1,818 -2,031 -214 -729 -213 600 20 -867 325 1,192 885 183 1,602 1,595 419 182 364 581 7 -159 2,824 3,312 2,119 -1,771 5*60 936 372 -2,136 3,944 1,355 3,196 -443 -760 -1,316 -40 38,638 3,030 11,517 24,091 45*74 2,900 16*37 26,136 12,183 19,105 6,921 25,801 7,290 11,266 3,976 -6,636 -2,930 194 686 492 130 1,856 3,116 14,774 5,905 -4,720 -2,045 -130 -936 4,573 1,441 3,411 6,414 351 8,388 10,031 1,616 9,410 1,090 6,532 5,458 33 612 12 77 523 1,468 21 850 598 857 9 773 75 648 98 652 -305 -102 P) 396 P) 409 P) 701 P) 579 P) -922 -173 -717 P) 955 P) 559 P) -31 -190 -716 -252 19,793 18,310 4*23 6,477 2,254 7*38 6,849 10,869 4,020 1,667 1,339 4,018 407 P) 1*12 P) 3,102 1,890 1,483 328 684 1,559 157 827 P) P) P) 471 575 371 -475 -69 -146 -657 -414 118 1,658 200 -405 1,863 -512 -13 -375 2*51 -9 -282 221 -1,059 -81 52 -158 P) 464 P) 2,439 4,392 14*99 2^29 5,944 -510 291 9,869 2,374 177 1,057 4,710 3,114 487 11,539 298 4,132 3,924 6,862 1,907 -1*72 1,111 6,361 1,091 1,463 4,454 2,363 10,527 352 2,068 3,806 12,953 15,957 498 3,728 11,732 fi 6,316 fi P) 4,702 13,424 14,569 -1,377 4,989 10,957 14,752 2,259 1,395 475 264 620 250 1,372 2,096 -176 5,945 8,983 fi 197 P) P) fi 217 P) P) 317 295 P) -170 509 -14 -1,865 -1,158 202 11 15 176 474 172 -68 -1,097 392 -38 -1,451 -4,550 201 -3,715 -1,036 35 6 -16 46 -550 -8 633 528 -344 263 -502 -105 76 2,341 -554 -3,123 -184 -1,290 419 18 921 -1,201 433 -415 1,738 4,402 4,528 2,388 -1*41 -3,629 -956 1,974 -182 -772 -335 303 -7 _g 319 804 1,598 2,318 -502 -804 Si 1,013 478 -180 12 -124 -68 5 2,337 2*65 1,520 766 1. An increase in U.S. parents' payables is a decrease in intercompany debt and, thus, a capital inflow. 2. Represents gains or losses that arise because of changes from the end of one accounting period to the next in exchange rates applied in translating affiliates' assets and liabilities from foreign currencies into dollars. 963 -1,743 21 P) P) 753 201 334 437 fi 222 fi 232 fi 10 -6 125 -145 P) P) P) \ / P) V 1 14 P) P) -724 -1,011 -175 1,990 97 56 77 57 -22 63 10 -739 1 19 NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. SURVEY OF CURRENT BUSINESS September 1997 • 12$ Table 6.—U,S Direct Investment Abroad? Earnings and Reinvestment Ratios [Millions of dollars or ratio] Total Distributed Reinvested 32,991 5,657 10,707 16,628 1,584 278 781 505 15,422 1,466 4,864 9,092 2,668 480 1,462 726 4,393 495 1,153 2,745 6,387 455 2,213 3,720 8,216 2,631 2520 3,065 1,352 818 329 204 1,931 -90 1,379 642 5,040 183 2,231 2,625 291 49 85,376 9,056 34,697 41,623 8,459 549 5,366 2,544 39,101 2,015 15,668 21,418 4,598 390 2,841 1,368 9,433 679 3,384 5,370 15,789 949 5,946 6,894 18498 &64 6,869 7,665 7,885 2,392 154 5,340 -64 609 -1,117 444 4,637 258 2,896 1,483 3,248 2,134 -2,742 3,856 4,943 970 1,291 2,682 2,822 -97 2,684 234 55,633 5,533 21,248 28,852 .60 .48 .61 .61 2,078 272 938 868 18,244 1,369 7,548 9,326 6,316 885 3,312 2,119 25,801 1,616 9,410 14,774 .75 .77 .78 .71 .59 .54 .55 .61 4,189 480 2,633 1,076 11,705 850 3,804 7,051 3,541 382 1,98=1 1,179 4,467 442 1,365 2,659 648 98 652 7,238 407 2,439 4,392 .15 .21 .25 (2) .62 .48 .64 .62 2,271 171 420 1,681 18,058 1,123 6,534 10,401 18,888 3,980 6,625 8,283 3,402 1,987 484 931 475 .42 .49 .47 .53 .27 .66 .49 .60 .52 .63 .58 .56 .34 .63 .60 6,519 370 2,610 3,539 8,361 2,383 2,224 3,755 11,539 753 3,924 6,862 .64 .67 .60 .66 2,269 174 588 1,507 10,527 1,598 4,402 4,528 .56 .40 .66 .55 390 16 .58 .47 .61 76 .83 2,389 1,509: 283 597 37 1,013 478 201 334 .30 .24 .41 .36 .92 -102 437 -410 90 -208 -291 -244 618 164 450 -364 78 184 513 -6 157 363 -578 615 -1,274 81 2,121 1,067 -1,393 2,447 873 -99 519 453 73 -53 212 -85 -1,283 189 132 -85 397 2,137 258 190 1,689 245 265 52 -72 -181 145 -249 -296 690 1,038 691 -46 393 -12 -727 -744 2,198 224 208 1,766 -874 -241 -318 -316 196 NoTE.-in this table, distributed earnings are shown before deduction of withholding taxes. Unlike in the international transactions accounts, earnings and reinvested earnings are shown without a current-cost adjustment. [Millions of dollars] 1 Direct investment position Equity1 2 3 Intercompany debt, net 4 U.S. parents' receivables 5 U.S. parents' payables 6 Capital outflows 7 Equity capital 8 Reinvested earnings Intercompany debt, net 9 10 Increases in U.S. parents' receivables 11 Increases in2U.S. parents' payables 12 Income (13 - 14 + 15) 13 Earnings 14 Withholding taxes on distributed earnings 15 Interest (net of withholding taxes) Reinvested 37,629 5,914 13,603 18,111 Table 7.—Selected Transactions with, and Position on a Historical-Cost Basis in, Netherlands Antillean Finance Affiliates line Distributed Total Reinvested 93,262 11,448 34,851 46,963 8,394 1,157 4,250 2,988 44,044 2,986 16,959 24,100 .61 .27 .69 .58 (2) Reinvestment ratio1 Distributed Total .61 .38 .69 .60 82 .49 .85 .80 9,401 495 3,733 5,173 10,282 1,332 4,350 4,600 1,887 718 519 650 242 1. Reinvested earnings divided by earnings. 2. Reinvestment ratio is not defined because reinvested earnings are negative. Earnings Reinvestment ratiol 52,385 3,399 23,990 24,996 6,894 270 4,586 2,039 23,679 549 10,803 12,326 3,238 1,536 848 854 All areas Petroleum Manufacturing Other Canada Petroleum Manufacturing Other Europe Petroleum Manufacturing Other Of which: Germany Petroleum Manufacturing Other United Kingdom Petroleum Manufacturing Other Latin America and Other Western Hemisphere Petroleum Manufacturing Other Asia and Pacific Petroleum Manufacturing Other Other Petroleum Manufacturing Other International 1995-96 change in earnings 1996 1995 Earnings 1989 1990 -8,493 9,069 -17,562 1,220 18,782 1991 -4,698 8,451 -13,149 3,065 16,214 1993 1994 1995 1996 -2092 8,464 -10,556 157 10,713 -49 7,460 -7,509 449 7,958 2,923 8,469 -5,547 178 5,724 3,669 P) 85 2,410 2,440 8,242 -5,803 117 5,'920 2,355 278 380 1,697 3,534 8,706 •-5,172 248 5,420 630 40 218 372 1992 -5,307 9,046 -14,353 316 14,669 3,778 -1 134 284 4,628 3,807 -760 -620 13 4,413 90 376 -1,226 764 1,845 -2,750 /D\ 291 -3,864 -2,568 -1,524 /D\ -2,661 -1,307 837 -357 -762 777 706 (D) -446 572 7 11 n 0 -2,137 -1,723 -1,468 -1,018 -521 -22 2,952 -354 464 0 -818 ^331 -2,028 80 525 0 -445 506 -102 329 278 60 -219 25 390 n -365 68 -304 -67 276 n ^342 1. Includes capital stock, additional paid-in capital and retained earnings, and cumulative translation adjustments. 2. An increase in U.S. parents' payables is a decrease in intercompany debt and, thus, a capital inflow. NOTE.—This table shows transactions with, and positions in, affiliates primarily established to borrow funds abroad and relend them to their U.S. parents. In this table, unlike in the international transactions accounts, income and interest are shown net of withholding taxes, and income, earnings, reinvested earnings, and capital outflows are shown without a current-cost adjustment. 124 • September 1997 SURVEY OF CURRENT BUSINESS Table 8.—U.S. Direct Investment Abroad; Income and Its Components [Millions of dollars] 1995 Total Earnings Withholding taxes on distributed earnings (3) fmfifti C I COU 9 * less col. Solus col. 4) 1996 Interest (net of withholding taxes) Withhold- Total f«rnl ft ^•COI. O U.S. U.S. Net parents' receipts parents' payments less col. 9 plus col. 10) (D All areas Petroleum Manufacturing Other Canada Petroleum Manufacturing Other Europe Petroleum Manufacturing Other Of which: Germany Petroleum ... Manufacturing Other United Kingdom Petroleum Manufacturing Other Latin America and Other Western Hemisphere Petroleum Manufacturing Other Asia and Pacific Petroleum Manufacturing Other Other Petroleum Manufacturing Other International (2) (4) (5) (6) (7) (8) 87,448 9,730 35,065 42,654 85,376 9,056 34,697 41,623 948 125 565 258 3,020 6,689 3,669 817 19 237 1,289 1,170 4,702 95,067 11,960 34,975 48,132 93,262 11,448 34,851 46,963 8,812 8,459 96 22 58 16 394 48 192 154 449 219 217 13 605 220 257 128 155 1 39 114 8,642 1,330 4,350 2,961 2,612 5,030 2,418 406 520 415 626 10 106 1,687 3,988 2,302 46,183 3,261 17,065 25,856 121 24 69 28 305 1 80 225 333 1 94 238 28 0 14 14 4286 462 480 2,606 1,217 2,633 1,076 81 17 44 20 186 11 160 15 262 41 149 71 2,032 3,649 1,617 324 192 4 17 1,536 3,132 1,596 13,862 1,076 ' 3,965 8,820 11,705 320 175 633 73 199 360 374 81 76 217 1,015 745 549 5,526 2,541 5,366 2,544 41,320 2,373 15,996 22,951 39,101 2,015 15,668 21,418 4783 4598 367 390 2,851 1,565 2,841 1,368 11,384 9,433 982 679 3,515 6,886 3,384 5,370 15,221 1,008 5,903 8,310 15,789 18,542 4,001 6,786 7,754 18,498 3,964 6,869 7,665 3,254 1,551 3,238 1,536 855 848 300 848 854 10 3 6 1 26 18 12 291 0 9 949 5,946 8,894 NOTE-In this table, unlike in the international transactions accounts, tome and interest are shown net of withholding taxes, and income and earnings are shown without a current-cost adjustment. 798 933 -382 69 117 -568 306 79 66 161 -4 37 18 13 7 10 3,413 4 82 928 68 3 9 56 11 0 n 11 2 Interest (net of withholding taxes) on distributed earnings U.S. U.S. Net parents' receipts parents' payments (9) Earnings (10) (11) (12) 1,255 3,060 655 754 8,394 1,157 4,250 2,988 143 630 482 104 12 39 52 44,044 2,986 16,959 24,100 625 55 318 252 4,189 3,804 7,051 136 19 88 29 104 21 37 45 17,404 1,145 6,499 9,760 18,058 1,123 6,534 10,401 183 14 143 26 18,937 4,008 6,566 8,363 18,888 3,980 6,625 8,283 329 55 124 150 3,421 1,997 3,402 1,987 495 930 480 484 931 475 850 6,400 668 3,340 12 253 1,651 1,006 4,727 3,076 351 185 140 26 482 188 179 115 131 3 40 88 2,763 4,850 2,087 330 425 332 562 2,008 3,956 233 1 62 170 270 1 82 187 37 0 20 17 2,261 3,623 1,362 248 199 248 225 27 1,815 3,149 1,335 599 40 167 392 1,070 378 83 65 231 415 83 79 253 37 12 5 6 1 31 16 16 3 8 43 16 19 8 12 -471 36 108 -616 n 2 137 1,947 n 3 59 1,008 n 14 22 11 n 3 8 4 SURVEY OF CURRENT BUSINESS September 1997 • 125 Table 9.—U.S. Direct Investment Abroad; Royalties and license Fees and Charges for Other Services [Millions of dollars] 1995 1996 Royalties and license fees Charges for other services1 U.S. U.S. Net All areas Petroleum Manufacturing Other Canada Petroleum Manufacturing Other Europe Petroleum Manufacturing Other Of which: Germany Petroleum Manufacturing Other United Kingdom Petroleum Manufacturing Other Latin America and Other Western Hemisphere Petroleum Manufacturing Other Asia and Pacific Petroleum Manufacturing Other Other Petroleum Manufacturing Other International U.S. parents' receipts 18,778 9 5,975 6,820 20,300 288 10 10 2,539 3,019 2,181 4,351 13,217 7,073 13,406 7,406 2,493 1,177 1,194 1 863 312 1 871 322 12,099 12,468 26 0 19 7 2,000 1 804 218 713 899 493 68 238 186 11,483 11,791 309 2,926 6,365 3,439 0 240 773 2 131 177 2,247 n 2,296 P P) 1 712 1,750 1,849 49 0 P) P) 100 0 P) P) 5 0 3 2 81 0 8 73 1 0 0 1 1 ft P) 949 1 621 327 (*) '584 1 1,360 489 954 1 624 328 5,237 5,317 3 P) P) 114 0 ft P) -2 3 ft P) 115 0 P) P) n 2 parents' payments 20,821 705 4,720 7,370 1,023 7,681 4,108 parents' receipts 12,795 997 1 785 210 2 U.S. 416 12,586 6,605 7,550 3,930 U.S. Net parents' payments 12,426 6,345 1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals. In 1996, U.S. parents' receipts of service charges were $10,805 million, receipts of rentals for the use of tangible property were $940 million, and receipts of film and television tape rentals were $2,018 million; U.S. parents' payments were $7,044 million, $460 million, and $1 million, respectively. U.S. parents' receipts Net 423 2 161 260 19,200 7 parents' payments 2 70 1,285 1,524 1,913 17 P) -165 P) 290 81 195 14 370 P) 210 P) 911 150 252 509 54 75 20 -40 -287 290 50 3 3 2,057 4,018 1,284 2,105 7,914 4,182 8,074 4,391 640 P) 271 P) 623 4 437 183 2,062 2,108 1,906 1,615 1,903 123 590 42 394 1 1,193 1,179 763 64 241 458 393 P) 31 P) 2,819 1,908 156 879 6 628 1,784 1,275 186 78 20 88 132 3 168 i*) P) P) (*) 1 626 481 2,042 1 1,502 540 1,101 1,108 1 699 401 1 703 403 5,770 5,897 4 4 3,678 2,088 3,694 2,199 129 n 150 0 63 87 151 0 63 88 455 3 3 [Millions of dollars] Direct investment position Capital outflows (inflowsH) Equity capital Reinvested earnings Income i Royalties and license fees, net receipts .... U.S. parents' receipts U.S. parents' payments Charges for other services, net receipts l i, U.S. parents' receipts U.S. parents' payments .... 521 0 189 332 17 0 8 10 369 0 160 209 46 0 P) P) 139 0 P) P) 7 0 4 2 127 0 16 111 1 0 1 U.S. 6,259 U.S. parents' receipts Net parents' payments 13,763 7,505 360 753 392 2,761 3,138 4,960 8,051 2,199 4,913 1,847 2,452 656 949 605 102 210 293 2,991 6,805 3,815 -30 72 1,221 1,431 246 687 2,058 20 P) -149 P) 302 92 176 35 299 54 2,120 4,386 1,433 2,328 640 P) 258 P) 620 3 407 211 2,083 1,781 138 599 46 423 1,346 1,311 312 P) 200 P) 795 92 227 476 483 P) 27 P) 1,527 3,292 1,765 141 633 752 -1 81 20 n -102 0 -417 152 1,162 1,978 176 83 20 73 244 10 528 1,226 177 2 n 175 661 NOTE.—In this table, unlike in the international transactions accounts, royalties and license fees and charges for other services are shown net of withholding taxes. Table 10,—U.S. Direct Investment Abroad: Position on a Historical-Cost Basis and Balance of Payments Flows, 1989-96 1989 Charges for other services l • Royalties and license fees 1990 1991 1992 1993 1994 1995 1996 381,781 430,521 467,844 502,063 564,283 640,320 717,554 796,494 37,604 6,395 12697 18,512 30,982 8,739 21436 807 32,696 17,682 18327 ^3,313 42,647 14,647 16294 11,705 77,247 24,565 30 014 22,666 68,272 20,491 29148 18,633 85,115 36,611 52385 ^,881 85,560 21,605 55633 8,323 53,929 58,004 52,087 50,565 59,381 68,597 87,448 95,067 10,014 10.082 11,998 12,224 226 12,689 12,847 158 14,000 14,179 180 13,968 14,190 222 15,683 15,930 246 18,778 19,200 423 20,300 20,821 521 4,333 9,117 4,783 4,199 9,532 5,334 4,715 9,975 5,260 5,124 10,479 5,355 5,181 10,902 5,721 6,190 12,138 5,948 5,975 12,795 6,820 6,259 13,763 7,505 1. Consists of service charges, rentals for the use of tangible property, and film and television tape rentals. NOTE.—In this table, unlike in the international transactions accounts, income, royalties and license fees, and charges for other services are shown net of withholding taxes, and capital outflows, reinvested earnings, and income are shown without a currentcost adjustment. 126 e September 1997 SURVEY OF CURRENT BUSINESS Table 111--U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1994 [Millions of dollars] Manufacturing ElecPrimary Industronic Food Chemitrial and and and cals and fabri- machin- other kindred allied cated ery and electric products products metals equip- equipment ment All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands , 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 Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Isfands, Caribbean Other Africa Nigeria 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 International Addenda: Eastern Europe European Union (12) OPEC ...... Petroleum 640,320 67,104 211,431 29,588 49,128 10,017 26,781 78,018 10,755 36,626 4,776 6,005 2,515 320,135 25,022 102,377 13,912 28,281 5,085 2,100 14,381 1,869 621 28,204 38,467 435 7,832 15,298 6,289 29,558 4,879 1,559 9,043 2,605 30,100 837 121,321 4,737 115093 216 240 P) P) 1,089 2,087 843 7,264 289 218 13,226 19 635 P) 1 1,844 38 5 174 P) 1,825 14,568 46 135 P) 17 1,977 20,349 2,125 P) 257 829 0 1B067 3,916 0 212 2,565 P) 370 1,075 P) 573 898 P] 570 -2 84 465 6 37,123 5,436 18,400 4,601 3,283 730 890 2,870 912 30,529 567 132 186 16,169 13,207 268 47,441 2,809 470 29,833 345 1,256 2,383 725 8,860 760 5,606 1,397 435 990 2,784 6,741 1,336 2,623 526 2,255 111,373 20,217 1,637 13,481 781 6,042 36,524 4,009 3,133 3,695 2,263 11,526 3,720 3,615 730 3,355 Total 124 4,388 9,200 27 1,514 2,998 P) 161 48 591 P) 14,008 844 1,618 8,142 534 462 5,270 648 2,680 527 25,325 1,270 4,850 31 158 650 3,578 1,224 56 3,714 0 172 207 P) 630 5 85 944 2 P) 211 £ 2,787 91 237 130 5,062 369 234 7 151 P) 1,473 P) 1 173 P) 197 1,666 46 1,484 2,740 -3 ft A14 0,0 1 •» 4,090 721 840 P) 1,295 551 P) 172 239 1,147 P) 37 P) 825 157 947 56 139 -136 P) P) 408 102 311 3,015 1,071 P) P) 1,323 2,573 P) 158 P) 2,085 18,325 2,537 680 554 P) 3,604 6,251 508 375 328 P) 1,944 P) 1,185 139 17,722 2,056 12,478 3,355 922 537 1,621 2,104 368 955 129 62 1,569 106 59 233 55 10 372 82 144 336 -6 36 274 6 10,606 3,203 2,145 315 87 173 9,822 168 42 106 30 P) 2,805 131 P) 56 18 0 1 4 0 P) 8 0 P) 305 102 26 14 938 25 2 5 189 167 P) P) 265 50 1,184 75 79 531 498 209 1,851 923 912 16 -1 73 P) P) 0 0 40,126 7,735 3,908 1,625 142 P) 691 2,258 280 218 15,009 1,419 2,184 562 1,111 5,103 2202 1,297 57 n 4,848 25 P) 826 260 6 P) 348 100 96 50 g 3,433 1,974 P) P) 416 7 0 2 P) 137 61 0 P] 3 12 146 P) P) 65 P) n n 7,741 2,505 142 150 118 106 2,724 288 109 115 366 122 742 209 46 739 P) 658 -157 P) 19 5 75 2 P) 21 -4 4 P) (*) 6 P) 117 £ P) 29,420 46,572 62,608 26,693 213,175 26,734 32,575 1,490 7,315 184 236 19 3 312 9,811 10,203 6,957 914 13,291 3,499 5,976 11,640 21,575 32,448 11,857 123,930 16,208 8,293 n 2,250 -20 25 58 P) 1,006 5,984 2,447 2,702 1,175 1,839 0 56 272 4 94 P) 1 633 P) 1,697 P) 189 2,249 P) 2,900 P) 26 828 131 528 86 6,700 260 286 352 1,027 1,044 8,897 39 4,933 218 P) 3,251 445 P) 5,776 9,126 36 2,745 1,849 4,222 13,305 804 211 650 692 14,822 0 64,714 649 55,792 7 0 844 P) P 81 39 2,751 435 2,025 542 278 4,114 P) P 0 P) 1,040 1 800 1,O9V 2,219 P) P) 1,083 2,976 44 963 P) 32 2,319 P) P) P) 52 P) P) Q 388 0 0 1,905 0 0 0 Q 0 P) o P) o P) 0 0 0 0 0 0 0 0 18 0 P) -88 0 P) P) 0 83 26 1^690 2 0 1,905 0 0 0 0 0 0 0 0 0 0 0 0 82 o o 0 0 5,136 P) 3,835 188 236 35 P) 414 15 1,956 35 PI 1,823 P) 6 227 n 0 2 162 13 0 3 P) P) 0 0 0 0 46 5 2 P) P) 527 508 5 13 0 P) P) P) 2 2 0 0 0 0 P) 266 0 2 185 79 302 272 30 0 -1 1,033 8,886 8,648 3,003 6,907 210 636 17 392 82 184 578 1,996 86 715 37 0 177 8 3 27 139 35 P) P) 3 0 9 P) 10 7 316 36 P) 5 31 176 P) 784 $ 5 3 . 4618 ' 65 P) 0 -2 2,272 307 P) 3 1 744 278 1,799 46 228 2,188 840 357 1 (D) 2,165 43 0 14 P) P) Q o 2616 '449 200 89 126 P) 133 185 o P) 245 P) P 744 1,187 P) P) 209 226 149 100 P) 1,348 '109 4,343 922 7004 7319 1,001 -5 977 2 3 0 0 25 0 0 475 0 P) P) 0 Other industries 19,925 -4 1 387 P) 0 Services Other manufacturing 4,765 0 0 Finance (except banking), insurBanking ance, and real estate Transportation equipment 1 2,319 o Wholesale trade 1,814 613 331 253 181 40 50 279 68 1,750 P) -7 P) 1,057 406 5 2,542 129 173 918 3 P) 9 0 P) 4 211 75 2,167 627 767 448 £) P) 148 P) 16,686 2,059 163 4,016 37 23 6,962 408 143 94 188 1,610 666 291 25 61 22 P) 424 2,285 51 191 353 107 P) 233 P) 138 1,177 P) 5,304 82 3,411 814 20,128 5,677 1,142 95,657 2,795 1,407 4,440 139 1,159 P) -2 0 9 P) 11 323 355 1,652 P) P) P) 156 260 0 2 5 P) P) r) 1,605 P) 0 54 94 P) 13,815 (*) 8 24 2,198 11,580 4 4,577 36,493 1,939 P) 0 663 P) 27,606 1 5 2,440 13 52 P) 224 135 P) P) 446 0 P) P) -41 6,248 953 1164 442 111 327 1,278 218 P) 321 358 444 247 244 364 116 P) -4 P) 260 84 196 27,388 1,243 4,829 14,042 6573 10,895 20,369 21,250 8,856 102 36 55 384 518 487 676 P) 752 956 11,562 458 A3 2,695 3 117 ' J>1 P) 613 P) P) P) 589 1,142 P) P) -31 P) 18,406 3,136 4,142 P) P) 6852 310 151 880 P) 1,730 163 141 P) 362 6 n 0 227 124 6 1,348 -29 P) 1,258 P) 23 P) 1 52 n P) 106,329 1,421 P) 620 710 P) 2,589 3 4 -39 2,500 P) P) 596 25 0 181 fD\ 18 P) P) P) P) 276 P) 82 34 P) 6 P) 335 160 39 -13 147 39 P) 195 46 85 39 25 3,493 1,333 8,088 2,464 fl 23 35 542 0 1,655 583 47 49 1,649 140 200 P) 393 P) 2,124 P) 540 39 13 -95 580 83 59 -2 1,230 274,257 13,850 n 59 133 P) 1,263 1,245 2,470 o P) 200 5,484 1,330 o 29 P) 14,701 7,335 2,578 216 September 1997 • I2J SURVEY OF CURRENT BUSINESS Table 11.2.-U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1995 [Millions of dollars] Manufacturing All industries All countries Canada .. Europe ... Austria Belgium Denmark Finland France Germany Greece Ireland . Italy .... Luxembourg Netherlands 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 Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago ..... United Kingdom Islands, Caribbean Other Africa §£• 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 ... International Addenda: Eastern Europe European Union (15) OPEC Petroleum 717,554 85,441 70,229 10,397 360,994 2,777 17,969 2,123 825 32,950 25,877 192 325 44,226 424 8,400 17,587 5,857 39,344 5,133 1,755 10,770 7,339 33,532 948 122,767 6,269 128,252 46,914 7,496 23,706 5,878 3,352 833 1,279 3,220 1,150 33,688 870 152 191 15,980 16,216 278 47,650 1,806 755 29,980 394 1,402 2,877 845 8,941 649 2,308 P) P) 530 34 2,227 . 3,370 P) 186 P) 825 P) 13,222 111 5,990 4,065 745 679 P) 1,225 652 95 P) 245 1,176 P) 53 P) 134 818 180 749 45 171 P) P) P) 445 115 259 Food and kindred products Chemicals and allied products Primary 250,253 32,439 42,215 123,216 P) 8,522 502 321 15,187 5,113 15,517 8 754 329 1 2,173 2,224 62,151 6,804 12,032 3,202 37,549 46 6,011 24 188 5,535 5,656 3 157 P) 3 640 4,320 66 2,149 2,445 0 3,730 15 115 P) P) 855 148 6,716 304 8,441 6,157 1,464 3,771 171 378 P) 44 318 P) 1,666 100 1,462 0 221 257 P) 704 Total 22,899 137 5,396 10,471 9,734 591 538 6,801 5,452 3,850 603 27,638 1,772 36,883 25,321 3,233 18,362 547 1,119 125 74 1,713 148 10,642 277 91 219 9,843 193 18 920 P) 2 6 224 172 86 279 925 0 1,308 P) 173 1,785 P) P 151 2,912 612 7,491 4,235 1,009 2,269 P) 304 33 P) 435 118 3,212 46 31 P) 2,943 P) 5 44 0 0 2 5 0 P) P) 0 P) 289 3 1,344 P) 5 619 P) 0 2 P) 160 and fabricated metals 3 P) 212 8 169 P) 1,628 42 1,505 1,096 149 887 -80 40 22 6 71 2 P) 22 P) 2 357 5 P) 0 0 0 0 0 0 P) P) P) -3 15 162 P) 6,383 1,388 706 1,275 3,014 3,248 1,063 P) P) 1,314 1,365 98 58 657 552 7,669 1,662 3,245 660 2,103 125,834 25,003 2,127 14,206 838 6,607 38,406 5,169 4,200 4,845 2,531 12,689 4,210 4,315 689 2,412 P) 155 P) 1,925 21,320 3,132 794 598 P) 4,415 6,461 P) 621 389 P) 2,338 P) 1,413 179 2,181 1,208 976 5 -9 44,393 8,616 997 2,349 326 204 16,006 1,575 2,896 730 1,210 5,264 2,654 1,492 74 71 P) P) 0 -8 3,959 1,867 60 -5 P) 27 700 273 P) 345 P) 94 58 P) 8,153 2,409 171 121 119 108 2,465 349 159 131 416 321 995 335 53 2,981 737 20,793 6,930 1,601 116,399 2,960 612 12,883 612 140 36,228 1,352 Electronic and Transportation equipment Other manufacturing 50,701 11,214 23,034 41 956 60 40 3,014 equipment other electric equipment 33,716 25,242 33,972 2,298 19,063 57 1,588 10,100 396 168 61, P) 421 11,996 12,296 P) P) 1,368 P) 723 1,784 6,128 0 27 335 3 98 19 P) 1,700 ery and 2,411 4,734 0 53 2,840 4 1,075 -9 P) 543 765 404 P) 6,006 7 3,291 2,981 -1 2,924 4 1 0 0 52 0 463 0 0 0 463 0 0 eS P) P) 863 41 379 -8 2,441 P) 1,616 970 48 849 7 P) P) 0 19 0 P) P) 0 0 477 0 -1 -152 i!) P) 993 1,657 P) 6,179 3,789 109 3,054 P) P) P) Q 351 0 2,390 0 0 0 2,390 0 0 0 0 0 0 0 0 0 0 0 0 102 0 0 0 0 0 0 P) 0 2 0 P) 0 0 0 0 "o P) 0 3 50 2 2 P) P) 773 767 6 0 0 8,896 789 56 495 138 1 4,952 P) 51 4 -2 1,676 239 P) 3 11,115 240 P) 993 -1 31 2,095 260 2,424 50 277 2,684 1,161 431 P) 3,396 719 P) P) 7 P) 2,333 95 0 P) 0 P) P) 7 18,604 56 P) 9,308 n -152 2,663 P) 1,943 1,885 P) 1,954 P) 35 P) 304 687 111 6,278 396 8,360 6,094 455 4,607 239 259 41 P) 467 P) 2,004 P) 40 P) 1 871 >) 3 262 1 0 2 191 12 0 2 Wholesale trade 67,222 7,177 34,361 343 2,237 213 360 4,173 2,871 81 290 2,667 0 3,059 312 391 912 373 9,322 43 6,429 285 7,439 2,773 1,061 687 326 141 47 60 390 61 1,735 783 387 P) 2,930 145 281 1,155 i*) P) P) Banking Finance (except banking), insurance, and real estate Services 28,123 927 228,744 14,304 32,769 4,055 13,261 P) P) P) P) 882 130,809 925 3,450 626 5 7,302 1,296 P) P) 299 221 139 126 P) 1,537 P) 2093 11,710 52 1,965 2,128 3,750 20,052 514 137 707 893 15,975 -1 59,631 989 60,612 5,762 959 2,604 1,762 315 22,136 302 3,126 P) 46 3,019 1,124 P) 618 1,342 P) 2,645 114 281 443 539 1,313 P) 6,534 98 *109 4,649 1,136 5,802 2,648 837 888 523 P) P) P) P) 195 368 0 3 P) 299 P) P) 2,787 662 P) 0 o P n 88 35 16,968 52 9 24 2,263 14,615 4 37,882 781 P) 27,492 1 6 2,923 15 6,141 P) 712 2,696 570 180 176 P) 16 0 P) 28 P) 501 P) n 0 368 121 P) 1,625 43 134 1,388 P) P) 2 49 2 57 4 -9 301 86 239 135 149 66 P) 71 644 0 255 P) 141 223 87 143 0 270 7 P) 175 P) 17,674 2,266 106 4,602 27 64 6,888 592 157 105 205 1,808 462 363 28 516 0 P) P) -68 7,377 1,069 P) 1,386 465 P) 386 1,665 282 P) 259 424 489 342 267 1,212 P) P) -41 30 21,096 3,968 P) 3,949 P) 419 7,258 394 176 1,777 P) 2207 223 165 P) 3,379 1,217 P) 710 27 P) 806 61 -1 P) P) 381 156 42 -1 P) 12,167 335 396 21,818 547 156 24,399 678 260 9,798 840 764 113,332 1,562 44 20,532 324 R 299 0 -3 205 97 985 4,739 315,112 16,036 0 0 262 8 Industrial machin- 171 P) 81 P) n n 1 60 190 103 32 39 P) P) 5 0 1,368 465 19 P) P) 8 327 P) P) 33 198 42 5,391 100 n R p) r) 3 2 2 0 0 287 262 29 0 -4 7,507 2,127 112 593 14 P) 3 133 '506 n R P) T P) 48 447 185 63 42 157 Other industries 40,213 6,366 11,335 -14 P) 19 n 1,232 2,019 P) 50 149 1,487 107 6 184 -13 154 3 4,665 1,213 8,830 5,775 482 309 2,355 P) P) 1,014 744 P) 2,298 9 P) -92 2,289 P) 56 757 P) o P) P) 10 P) p) R 461 0 0 140 320 631 59 P) 86 P) 10,595 4,734 144 612 n 1,295 601 P) 68 1,691 291 268 P) 499 P) 1,996 1,176 9,858 2,742 128 SURVEY OF CURRENT BUSINESS ® September 1997 Table 11.3.-U.S. Direct Investment Position Abroad on a Historical-Cost Basis, 1996 [Millions of dollars] Manufacturing ElecIndustronic Chemi- Primary trial and and cals and fabri- machin- other allied cated ery and electric products metals equip- equipment ment All industries 796,494 Ifc 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 International Eastern Europe European Union (15) OPEC ... . 75,479 272,564 36,179 69,430 13,603 35,020 29,519 91,587 399632 2,902 18,604 2,171 1,033 34,000 44,259 506 11,749 18,687 6,377 44,667 6,103 1,854 11,393 7,629 35,751 1,025 142,560 8,361 AH countries Canada Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands 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 Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago .... United Kingdom Isfands, Caribbean Other Africa Petroleum 10,997 28,907 P) 370 349 P) 1,103 p) P) P) 549 39 2,564 43,817 134,733 1,021 8,425 P) 461 16,600 22,741 145 7,457 11,549 P) 10,472 5,355 7,388 42,388 P) 5,757 37 219 5,584 3,036 7,032 1 138 2,848 20,122 79 P) -37 32 2,845 1,726 12,089 399 492 -13 P) 607 705 689 7,109 5,554 4,426 594 32,341 2,175 1,476 0 241 539 P) 585 3 P) 203 10 190 4,143 0 222 2,681 3,898 P) 191 P) 703 87 14,889 1,465 1,492 P) 1,435 1,892 P) 839 -1 P) 954 33 494 4,202 648 4,815 78 2,901 3,409 0 4,058 16 235 990 P) 937 103 8,846 453 1771 6756 1 144,209 52,153 8,060 26,166 6,745 3,468 855 2,075 3,592 1,193 38,905 1,205 217 145 18,747 18,256 336 53,151 2,021 865 33,783 465 1,675 3,594 1,057 9,008 683 7,568 1,647 978 1,437 3,506 8,743 1,886 3,098 789 2,971 140,402 28,769 2,883 16,022 1,139 7,571 39,593 5,510 5,277 5,519 3,349 14,150 4,509 5,254 857 6,488 4,489 851 698 P) 1 122 697 194 489 P) 1,275 P) 93 P) 169 839 193 724 70 165 40,611 26,919 3,703 19,346 591 1,325 98 94 1,597 166 9,263 4,907 1,013 2,855 P) 362 -9 P) 430 134 1,657 12,290 353 114 237 11,408 150 27 4,295 64 40 P) 3,977 2 P) 61 0 9,803 6,712 1,690 4,111 195 447 P) 58 190 P) 2,237 127 26 0 1,920 P) P) 855 P) 0 2 P) 175 0 P) 73 P) 239 P) P) 1 479 130 212 3,913 1,189 P) 1,559 3,267 P) 348 2,702 4,352 19,943 1,609 904 599 51 4,742 4,816 P) 733 470 P) 2,799 P) 1,830 278 1,964 6,480 348,391 18,288 1,424 22,754 8,554 Total 1,401 P) 9 17 284 187 P) 228 90 1,822 215 61 778 768 2,199 1,329 906 7 -43 49,382 9,360 1,504 2,601 348 353 16,534 2,107 3,711 830 1,530 5,870 2,778 1,782 74 Food and kindred products 16,665 5 507 273 1 2,036 2,460 P) 348 849 0 1,224 P) 181 1,689 P) P) 5 0 P) o P) 430 187 73 P) P) 0 P) 4,394 2,031 133 15 25 32 620 306 P) 124 67 6 19 204 49 889 P) P) P) 8,724 2,524 249 68 119 199 2,486 379 P) 129 462 360 1,122 380 P) 1,645 *60 1,188 195 961 1,029 36 P) 579 778 789 n 2,843 2,269 n P) P) 0 0 0 0 0 0 2,188 5 0 0 0 75 0 572 0 0 0 572 0 0 1 1 0 0 0 0 0 o Q 0 320 0 91 -113 52 24 6 62 2 P) 32 -5 2 419 D 59 248 41 P) 10 P) 0 1,517 517 26 P) P) 10 327 P) n 61 35 214 P) P) -4 ^0 33 P) 21 P) 1 0 P) 9,095 875 P) 490 145 2 4,918 P) 223 4 0 1,590 185 P) 4 2$ P) 1,458 798 57 662 9 P) P 0 17 0 P) 63 0 0 454 0 P) P) 0 P) 0 P) 0 0 0 P) 0 174 1 2 P) P) 859 852 6 0 0 13,214 282 736 1,085 . 554 2,971 56 353 3,226 1,180 505 2 Wholesale trade (except banking), insurServices ance, and real estate Transportation equipment Other manufacturing 33,543 11,224 55,270 72,462 7,764 32,504 974 257,213 12,240 12,133 P) P) (*) _•} 1,138 5,501 0 -2 395 2 548 24,305 79 1,027 74 79 2,746 37,602 384 2,225 249 358 4,141 14,005 P) 282 P) P 739 23,832 300 2,274 480 91 2,939 2,855 33 2,312 1,784 P) 2,190 19 45 958 P) 633 117 6,677 437 2,886 83 470 2,537 0 3,910 353 451 1,023 378 10,341 75 7,365 373 1,395 89 P) 320 P) 134 146,379 1,007 4,130 668 3 7,392 11,597 66 2,780 1,900 4,179 23,592 763 148 733 961 16,826 -1 68,339 1,292 P) 331 517 635 1,241 9,573 6,874 554 5,131 256 324 41 P) 539 P) 2,374 67 53 P) 2,224 P) 9 325 1 0 P) 247 12 0 2 P) 42 447 1 -4 236 214 314 290 29 0 -5 7,686 2,263 733 530 367 131 56 60 325 62 P) P) 1,736 1,384 P) 6,013 4,171 195 3,437 P) P) Q 285 0 1,842 0 0 0 '1,842 0 0 0 0 0 0 0 0 0 0 0 0 120 P) P) 3 2 1 0 0 4,050 916 P) 2,710 100 0 P) 0 P) P) 1 0 8,389 2,215 189 767 8 P) 3,301 673 336 124 209 254 87 176 P) 2,176 P) P) P) 764 559 6 3,246 170 370 1,455 -3 P) P 0 -82 P) 175 29 n Banking P) P) 1 572 >) 2,083 5260 l!422 5,632 3,191 957 1,164 565 P) P) P) P) 229 541 0 P) 5 443 80 P) 1,900 390 P) 0 P) P) P) 1,365 P) 308 151 119 27 329 P) 69 192 P) 18,907 2,511 108 5,022 P) 93 7,344 452 172 86 259 1,777 540 449 P) 652 0 P) P) -22 10,932 3,742 74 1,506 516 P) 379 1,671 P) P 371 507 575 549 299 15,816 69,181 6,847 1,097 3,019 2,046 323 P) 19,488 P) 11 25 2,864 16,527 P) 42,847 1,188 P) 30,600 6 3,534 13 6,954 P) 740 P) 673 1,360 167 23,738 3,395 P) 4,656 67 431 9,150 228 233 1,799 P) 2,521 243 222 148 36,673 4,729 P) 61 863 1,474 P) 2,424 8.S 80 3,512 688 206 264 P) P) 0 27 P) P) 635 P) V 0 515 108 P) 2,189 56 138 1,826 P) P) 2 82 3 127 51 0 19 57 468 216 P) 47 P) 4,005 1,437 P) 815 51 P) 816 96 7 P) P) 487 158 40 P) Other industries 49,600 7,490 14,174 -23 897 8 P) 1,086 2,261 P) 74 358 42 1,571 73 P) 248 -19 131 2 5,846 1,554 11,100 7,756 512 1,146 2,777 397 -5 1,475 952 502 2,500 -30 7 -145 2,585 -7 90 844 P) V P 13 P) P) P) 331 P) 483 P) 337 468 109 212 106 42 13,495 6,715 187 823 P) 1,687 555 P) P) 2,142 395 189 P) 382 8 2,389 1,926 126,834 2,894 648 13,848 510 252 40,879 1,217 60 6,714 91 19,240 84 P) 11,082 109 11,972 264 434 23,098 619 192 26,460 678 340 10,212 1,006 1,051 127,498 1,687 27 22,218 319 1,520 12,415 3,150 SURVEY OF CURRENT BUSINESS September 1997 • 129 Table 12.1.—U.S. Direct Investment Abroad; Capital Outflows, 1994 [Millions of dollars; inflows (-)] Manufacturing All industries All countries Petroleum Chemi- Primary Food and and cals and fabrikindred allied cated products products metals Total ElecIndustronic trial and machin- other ery and electric equip- equipment ment Transportation equipment Other manufacturing Finance (except banking), Wholesale Banking insurtrade ance, and real estate Services Other industries 5,924 68,272 1,690 23,953 3,764 4,992 819 2,010 2,867 5,993 3,508 6,325 1,786 22,982 5,613 Canada .... 6,760 220 4,462 344 607 138 84 147 2,354 787 372 66 503 292 846 Europe Austria . Belgium Denmark Finland . France . 28,785 658 1,986 191 116 2,586 535 -31 61 8,658 251 868 108 25 64 1,455 5 28 P) 316 711 3 38 P) P) 891 2,339 P) P) 0 0 113 735 2,444 10 4 -34 59 213 560 g P) 11,163 p) 49 724 129 P) 1,299 3,307 -1 313 29 8 704 2,117 n -66 2,212 3 740 P) 15 432 Germany Greece . Ireland .. 298 11 964 1,445 95 664 114 P) 24 164 0 52 ^65 2 237 299 P) 232 85 0 9 15 P) 154 -7 64 1,418 10 11 576 Luxembourg Netherlands 2,217 12 -37 2,351 411 6,331 Norway Portugal Spain ... Sweden Switzerland Turkey .. United Kingdom Other .... 427 262 1,398 262 1,236 46 7,177 1,157 a 575 26 P) 16 111 81 5 293 P) 404 285 -99 120 1,320 174 437 35 1,623 255 19,010 190 6,000 7,543 931 3,517 1,554 368 182 231 644 116 456 138 35 Italy Latin America and Other Western Hemisphere South America Argentina Brazil Chile Colombia Ecuador Peru. Venezuela Other -143 P) 46 -3 44 220 P) -6 24 -170 8 155 P) 49 47 1,472 970 300 51 3,255 606 1,806 173 238 32 19 356 26 765 378 190 25 45 22 6 83 18 644 97 350 64 72 -1 9 46 8 217 P) 153 32 P) 2 1 P) 54 P) 49 2,464 41 12 32 2,346 16 17 699 10 9 P) 635 333 14 1 4 311 P) 1 8 8 281 P) 7 1 0 -8 P) 0 fj P) 5 6,626 114 65 1,525 -19 220 2,331 71 2,578 -362 -258 -287 8 P) -141 -166 204 1 42 112 49 86 66 P) P) P) 64 867 Africa 332 -98 41 154 236 &: , South Africa Other Middle East , Israel Saudi Arabia , United Arab Emirates , Other 242 129 23 -11 100 Asia and Pacific , Australia China ... Hong Kong India Indonesia Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan . Thailand Other .... 13,121 32 725 2,396 167 2,006 2,384 546 557 715 374 1,789 712 747 -31 International Addenda: Eastern Europe Eurooean Union ((12) } OPEC -15 44 P) P) 428 57 P) 183 156 85 58 -13 P) 47 P) 193 -4 22 . . . A -13 9 -37 51 -379 353 230 504 n n 0 0 8 14 0 0 0 1 p) 9 p) 0 0 P) Q 0 0 25 2 (°) P) 39 P) -5 8 26 P) 127 P) P) 6 -1 13 P) P 0 0 4,503 983 200 474 62 42 782 76 309 -72 189 646 440 359 13 394 130 22 81 5 16 10 6 n 18 ( 3 0 0 115 a 429 P) 117 0 "o 0 0 0 3 0 13 n 4 P) -44 -318 a a 211 P) 110 59 P) 84 19 3 -3 51 153 291 4,351 43 684 fl P) 380 -73 P) 805 -44 P) 33 P) 10 P) 436 103 P) -11 114 28 71 39 140 65 -110 -3 P) 128 27 1,301 11 604 24 360 83 -4 -10 26 22 158 0 2,987 306 -4 34 37 43 23 P) 1,100 26 713 1,291 1,204 1,530 384 7,889 984 2,032 310 7 305 ' 293 20 35 972 P) 725 17 24 3 P) 119 488 150 165 49 41 2 -3 109 -25 282 26 201 -13 930 -75 523 404 P) 0 -1 23 P) 737 10 711 1,394 75 76 906 998 0 0 0 998 0 0 242 P) 3 P) 234 626 P) -2 P) 294 95 1 279 0 (*) (*) P) 801 (*) •j 1 216 582 61 (*) -3 0 43 0 0 0 0 0 0 0 0 0 0 -10 0 0 2 7 p) 8 P) P) P) 0 -238 P) 1 P) Q 0 P) P) Q 0 84 0 P) P) ( l P) Q 0 0 s 110 0 5 « 0 17 5 p) P) P) P) 0 0 1 P) P) 3 0 P) P) 0 0 0 45 42 0 3 0 1,113 461 72 11 15 29 184 49 6 13 29 60 140 37 7 39 17 1,138 78 2 116 16 P) 200 -11 P) 0 0 380 118 P) 1 1,070 -30 2 99 n 8 n -17 1 0 a1 a 32 170 8 79 162 137 86 n 0 0 0 -459 P) P) P) 30 8 n P 2 0 1 P) 2 8 8 P) (*) P) ^ Q n 3 123 P) 0 82 P) P) 1 55 "o P) 2,444 P) 5 n 1 -244 78 2 30 P) $ 0 8 P) -3 P) 0 -1 35 5 P) 10 P) 118 0 P) P 37 -24 P) P) P) P) -48 28 -21 -53 1,865 269 22 527 9 -1 353 112 48 20 4 292 131 74 5 642 72 3,372 1,077 459 2 90 1,0*12 29 56 12 5 P) 22 46 0 515 -15 (*) P) 554 186 140 15 747 228 35 99 2 P) P) 104 P) 6,159 -51 -176 78 53 P) 17 P) 8 ia 21 0 P) -3 P) P 0 0 416 12 19 110 -2 P) 1 0 8 n n S 1 1 23 -45 P) V 3 13 P) P -1 -937 8 -13 P) 278 0 P) 89 P) P) 14 921 P) 3 30 183 1 P) 7 o P) 0 0 0 721 0 3 73 4 5 8 P) 1 -84 124 124 P) 33 61 35 46 4 76 -411 n P) a a 4 114 -7 631 P) 365 24 P) P) 7 D p3 332 16 12 5 98 1 9 P) -33 P) P 5 -5 794 -960 0 1,421 110 28 26 73 65 45 P) P) 69 242 7,579 487 77 1,124 119 NOTE.—In this table, unlike in the international transactions accounts, capital outflows are shown without a currentcost adjustment. -31 27 25 ^ 1 -1 -47 1 093 24,884 3,037 P) 399 49 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other 16 47 0 389 254 P) -6 14 P) 52 P) 362 -4 4,840 263 21 40 3,674 817 25 P) -436 fl 50 1 41 P) -71 P) Central America Costa Rica Guatemala Honduras Mexico Panama Other 95 P) 12 3 P) n 66 41 2,149 127 P) 307 16 -4 645 -13 P) 809 -4 (D\ 2020 '103 65 526 138 28 1015 126 51 291 100 P) 10504 347 26 3,210 /D\ 2054 1[554 IJO • September 1997 SURVEY OF CURRENT BUSINESS Table 12.2.-U.S. Direct Investment Abroad: Capital Outflows, 1995 [Millions of dollars; inflows (-)] Manufacturing All industries All countries Canada Europe Austria . Belgium Denmark Finland . France . Africa §&-. 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 International Addenda: Eastern Europe European Union (15) OPEC Other industries 42,531 2,871 18,477 1,935 5,286 4,995 4,636 4,330 8,511 714 12,109 7,702 5,533 526 767 767 366 114 2,183 810 574 12 843 1,409 691 23,406 P) 1,034 -23 92 1,408 877 -13 118 14,272 2 1,040 -16 36 574 465 -2 -19 3,557 7 P) 2,598 60 1,147 P) P) 2 5,056 53 337 498 P) P) 4,106 1 P) 292 620 106 5,981 P) ^364 69 P) 1,806 5,846 62 1,549 21 P) 86 490 P) P) 0 P) 6 724 7 680 211 0 52 125 0 17 43 P) 135 285 P) 149 899 P) 244 -82 0 -29 67 1 -8 -152 207 53 2,446 9 a a 1 13 D p) P) P) 366 20 P) -11 306 P) 19 P) 529 45292 548 2,519 399 -31 -1 -111 156 5,726 -438 8,420 93 a 107 3 241 n 268 21 1,482 12 975 1,771 J3 77 1,067 0 239 "a 23 159 ^ 561 0 -103 288 P) 239 -<38 n a 186 P) 165 8 i°! Q 410 -465 251 P) 814 -29 -24 16 23 130 21 P) 103 ail 73 31 -43 169 -60 33 50 750 9,078 441 102 4,308 504 P) 168 27 1,367 98 14,753 -27 8,398 1,107 2,831 423 961 -327 1,656 1,747 1-607 10,012 2,291 4,899 1,406 195 136 317 554 215 119 104 6,418 1,238 4,365 188 273 13 14 294 32 794 89 609 P) 59 -6 P) 20 25 2,308 982 1,174 32 87 P) 9 14 P) 347 P) 233 72 P) 2 988 5 965 2 -1 0 0 18 0 -203 P) P) 962 46 711 P) P) P) 117 0 977 455 370 70 -48 10 4 132 -16 454 187 150 31 P) P) 2 0 1,223 P) 890 50 72 8 P) 131 P) 1,954 -16 7 52 1,941 26 307 -48 2 P) 301 318 2 P) P) 1 P) 0 0 0 P) 0 0 P) P) 0 0 48 0 P) • 694 0 0 0 694 0 0 483 P) 5 257 P) 197 0 477 P) -1 -67 53 P) $ P) P) P) 26 P) (*) 2 41 25 6 0 0 1 1 0 P) P) 0 205 P) P) 0 0 0 0 0 0 P) 0 41 0 0 374 -3 109 259 0 0 0 0 0 0 0 0 0 0 0 0 298 24 40 134 99 103 P) -3 3 17 P) 59 n P) P(j 8 51 30 6 359 292 64 2 4 P) 16 4 P) P) CJ 0 ^ 217 113 12 3 268 268 1 0 0 P) 356 253 15 64 63 26 3$ 3,993 261 22 13 2,955 765 -23 748 -454 248 190 55 150 512 120 16 -90 873 -31 290 336 278 905 352 620 116 533 P) 29 a P) -580 -152 P) -65 111 $ 6 64 P) 17 P) P) -15 22 -209 -11 32 P) P) P) P) 37 37 -82 274 -31 P) 48 -178 P) 4 P) -182 -165 15,241 6,450 585 1,003 184 701 1,079 1,022 868 1,007 256 1,039 453 737 2,843 630 105 44 P) 955 71 -139 a 61 P) 299 P) 245 -20 -384 1,493 ~36 10 196 P) -1 fD\ fD\ n 0 4,537 1,017 354 227 100 29 829 142 524 101 164 435 377 214 24 254 267 11 P) -28 10 P) P) 16 P) -4 8 P) 32 1,867 70 -63 2 16 P) 160 P) P) 2,321 13 309 P) P) o 0 p) 24 P) P) 3 P) ^0 0 510 5 8 24 15 36 -209 56 29 11 88 195 192 52 9 3 n Q P) n -1 p) Q 0 0 0 0 0 p) 0 Pi 1 3 22 P) P) -1 r3 p) -64 j£j (*) o -388 -44 P) 1 16 -217 n 0 p) 0 0 0 P) 2 # P) P) 8 17 -105 P) -6 P) 157 4 38 -252 22 jSj P) P) 1 n 2 n 34 1 0 -1 34 -1,256 -715 P) 0 P) P) 0 n 47 0 -4 23 29 97 11 P) 71 P) -12 -1 3 7 60 7 P) 16 P) 37 0 ( o -3 2,340 20 P) 217 -4 285 131 P) P) 1 575 229 38 15 -5 a -4 m 9 38 24 0 P) 0 P) P) 0 0 H P! 0 0 465 5 37 573 234 75 P) jSj -604 55 P) 19 P) -2 37 0 1,117 182 44 393 2 7 139 174 23 -12 32 120 -72 77 7 P) P) P) -493 5,477 Q 1,623 76 126 4 56 199 1,190 -1 -4,519 312 2,746 479 2,772 483 2,124 485 120 133 194 P) V) 131 32 57 P) 1 0 1,428 157 -24 852 P) P) $ P) 37 P) 62 P) -1 0 72 -1 P) 535 D 3 p) 924 3 1 n 195 725 n 1,363 142 P) -155 n 1 506 6 863 P) 290 73 P) 140 P) P) -77 -226 s1 h 612 P) P) 160 P) o P) P) 60 -29 185 8 P) 34 $ P) P) ^0 101 97 490 12 3,653 3,594 45 81 -14 P) 784 155 P) 138 80 2,357 864 P) 206 P) -49 8 P) -87 5 -23 28 80 -1 -3 P) 27 (*) -1 1 a -116 eS 54 81 86 376 112 P) 1,235 24 -297 -52 331 65 P) n 140 3 •4 41 25 13 2 1 a 11,113 16 -309 88 26 834 P) 446 55 35 P) a 32 -12 13 -17 1 P) P) a P) n -372 108 $ -2 109 52 P) 104 P) -135 -249 1,328 40,260 2,584 P) P) -1 -26 460 22,327 434 199 595 68 NOTE.—In this table, unlike in the international transactions accounts, capital outflows are shown without a currentcost adjustment. Services -626 357 209 1,182 9,673 2,984 185 4,515 1,506 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Isfands, Caribbean Other Other manufacturing Finance (except banking), Banking insurance, and real estate 2,437 Norway Portugal Spain ... Sweden Switzerland Turkey .. United Kingdom Other .... Central America Costa Rica Guatemala Honduras Mexico Panama Other Transportation equipment Wholesale trade 8,435 4,373 -37 807 2,720 South America Argentina Brazil Chile Colombia Ecuador Peru . Venezuela Other Food and kindred products Total Electronic and other electric equipment 85,115 Germany Greece . Ireland .. Italy ...... Luxembourg Netherlands Latin America and Other Western Hemisphere Petroleum InHnc inousChemi- Primary trial and cals and fabri- machinallied ery and cated products metals equipment 24 14,002 112 P) 426 (*) 13 3,464 11 P) 2,442 13 P) 461 106 168 936 125 103 3,974 168 24 204 160 P) 4,776 101 24 5,608 19 P) 3,596 209 SURVEY OF CURRENT BUSINESS September 1997 • 11 3 Services Other industries Table 12.3,-US, Direct Investment Abroad: Capital Outflows, 1996 [Millions of dollars; inflows (-)] Manufacturing ElecIndue indus- tronic trial Chemi- Primary TransFood and and and cals and fabri- machin- other portation kindred allied cated eryand electric equipment products products metals equipment All industries Petroleum 85,560 6,144 28,530 3,280 7,835 5,009 2,016 4,513 6,875 20 1,595 292 720 -96 461 162 45,274 166 578 122 237 5,221 2,900 P) 61 16,237 P) 647 -2 4,697 P) 4,732 -1 -8 1,373 23 P) 5 5,143 2,114 27 31 -75 P) 199 955 98 3,307 479 611 7,140 P) 559 18 2,008 512 8 -54 ufi Total ar All countries Canada Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg , Netherlands Norway . Portugal Spain Sweden Switzerland Turkey United Kingdom Other Latin America and Other Western Hemisphere R 10 2 114 -133 a 1,034 179 1,124 446 3,049 176 18,310 2,041 P) 1,339 801 128 43 697 213 654 72 4,018 530 554 3 P) -100 -145 -123 -41 1 -74 16 28 264 . 188 0 -77 447 22 740 441 0 336 12 0 12 299 P) -28 P) 9 -76 P) P) 41 603 125 1 16 P) P) 116 -7 2,082 187 30 P) 147 41 « 576 D 3 2 -426 0 167 -367 a 747 77 9 tp\ 70 -9 171 P) 217 P) 5,163 7,048 1,329 28,985 3,644 9,880 832 753 107 1,284 664 2,453 1,925 34 72 18 39 -99 3,845 45 -58 47 17 67 658 P) P) 17,866 109 473 36 -2 196 1,493 -29 2,275 -10 P) 0 -20 88 2 932 232 P) 297 26 P) 283 94 13 170 P) 222 P) P • 8 P) 714 -775 749 P) P) $ 78 -321 n P) 89 26 487 51 -422 14,299 298 4,132 1,807 1,692 180 -578 -295 17 1,309 South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other 5,795 415 3,064 994 138 25 800 390 -31 157 80 16 P) 643 1 606 P) 56 -42 119 47 86 -31 13 2 -215 -700 -227 490 75 413 P) P) P) £ 15 823 185 460 29 81 P) 17 40 P) -676 46 104 P) H 2,005 420 1,240 65 225 -26 23 40 18 822 103 602 18 63 i!) P) 31 P) Central America Costa Rica Guatemala Honduras , Mexico Panama Other 4,115 337 67 97 P) 41 P) 20 27 18 1,940 78 25 34 1,834 -43 11 1,147 21 10 P) 1,079 P) P) 624 27 p) 10 44 25 -6 188 P) 8 10 59 16 17 0 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other Africa 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, International Addenda: Eastern Europe European Union (15) OPEC 2,747 931 64 4,389 -311 123 3,225 71 275 642 211 154 -2 -101 P) P) P) 34 85 -18 1,221 253 263 258 448 551 121 1,044 242 843 -150 P) P) 761 135 817 14,752 3,789 799 1,369 337 862 1,817 573 1,029 635 647 1,425 333 951 186 184 -176 275 122 2 P) 254 -2,197 fi 101 P) 419 P) 431 96 2,096 799 1,657 1,354 2 -1 0 0 22 0 2 P) P 0 -4 0 126 0 0 0 126 0 0 P) P) 0 0 4 0 P) P) 0 0 0 0 -28 1 0 0 0 0 0 "o 127 n 2 n ri 65 627 P) P) D P) 245 P) 0 T 0 T P)0 0 n p) 15 P) 0 p) P) P 10 P) P) 0 0 -30 0 597 147 3 212 235 156 1 70 P) 25 P) -6 4 54 P) 23 125 -70 2 -34 -4 P) P 0 P) P) P) P) P) P) 2 P) P) P) o P) P) 1 0 P) 81 81 1 0 0 5,945 505 513 316 47 158 1,500 495 804 76 384 706 115 317 7 382 91 77 20 P) 6 -59 39 762 25 90 5 18 99 119 52 P) -6 82 44 148 53 P) 121 41 7 P) P) 2 21 778 85 P) -11 9 1 534 2,323 20 4 P) 148 P) 30 9 P) 8 57 a 32 2 14 P) P) -1 0 0 n "o -33 P) ffl n 0 -83 -54 P) 1 fl P) 1 0 -473 0 0 0 •473 0 0 0 0 0 0 0 0 0 0 0 0 s 24 P) -1 (*) n o 0 699 191 8 P) P 194 296 539 7 82 664 20 74 P) 447 2 0 P) 0 P) P) (*) 0 0 1,034 46 67 171 25 1,034 38 1,106 101 728 -341 -327 2 30 -12 9 96 R -15 3 -129 a 196 P) 132 7,133 691 1,953 106 36 64 P) P) 0 1,907 32 756 423 P) 1,464 85 734 410 3 P) 43 3 P) P) 462 208 P) 1,426 P) 1 110 P) -87 -41 ( 618 800 P) 124 -14 P) £ 8 4,242 201 475 12 4 421 P) P) P) (*) 60 P) 395 231 -637 498 89 251 30 501 P) 128 0 64 0 0 P) 56 1 0 569 25 89 285 -3 P) P) 0 173 6 -1 44 124 17 P) 9,145 289 P) 423 P) 12 P) 407 P) 7 R a -29 -31 R R 253 6 50 77 1,428 $ -53 P) 57 97 103 -26 P) 1 409 -15 JJ 1 40 173 P) 76 12 851 -69 470 4,468 3 41 n P) P) -1,263 -592 3 P) P P P -692 P) J -1 855 P) 1 P) 33 134 fi P) P) P) P) 8 47 76 21 3 a1 9 - 3 P) "o 63 94 0 31 48 P) -2 P) -167 2,958 1,989 39 203 P) 355 125 -115 -65 -28 44 15 ' o -1 -2 -3 898 104 30 8 45 46 -1 0 -1 P) 14 157 P) P) P) 45 879 52 83 191 -8 P) 243 99 83 P) 69 36 5 33 P) 1,775 137 30 677 P) 30 575 40 14 -4 45 -42 154 77 P) 1,063 288 2,498 429 690 167 m A P) 177 24 -131 8 33 62 £ 14 1,781 64 71 188 35 46 47 P) 258 -2 59 P) 30 7 3 f) P) P ) 19 47 P) 21 P) a 384 109 -89 P) -122 P) 388 490 14,852 100 125 435 -48 NoiE.-ln this table, unlike in the international transactions accounts, capital outflows are shown without a currentcost adjustment. 9 -171 R -178 -713 1,708 1,804 38,973 2,144 9 P) 3 n Finance (except banking), insurBanking ance, and real estate P) 427 57 44 287 P) 904 -4 Other manufacturing Wholesale trade 149 4,401 40 41 4,642 3 -4 1,032 27 P) 1,879 51 P) 703 -1 48 1,760 28 87 2,626 24 48 301 147 288 15,898 159 -15 1,432 -13 107 2,207 372 13-2 • September 1997 SURVEY OF CURRENT BUSINESS Table 13.1,-U.S. Direct investment Abroad; Equity Capital Outflows, 1994 [Millions of dollars; inflows HI Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Petroleum Food and kindred products Total 20,491 553 3,269 1,306 128 414 Chemi- Primary and cals and fabriallied cated products metals 676 1,032 P) 40 341 P) ElecIndus- tronic trial and machin- other ery and electric equip- equipment ment 492 P) TransOther portation manuequip- facturing ment 269 -362 P) 91 0 P) 55 P) 43 84 8 0 -30 0 P) P) 0 3 P) 0 3 770 0 183 6 -33 2,455 104 0 0 P) 0 P) 0 0 4 0 1 2 P) 0 0 0 P) P) 0 0 124 P) 1 89 13 2 5 P) 9 0 0 5 0 P) 0 270 P) 17 77 P) P) -39 0 796 P) 0 P) P) 9 P) 0 868 0 18 P) 0 0 183 74 7 0 P) 24 0 P) 115 0 0 -11 0 95 P) 0 0 2 3 P) 3 P) 0 0 20 0 0 4 P) P) 0 0 P) 0 P) -56 1 -3 0 0 0 3 0 0 147 P) Norway Portugal Spain ... Sweden Switzerland Turkey .. United Kingdom Other ... -551 P) -16 832 1,431 0 P) 1 0 P) 2,992 P) 0 0 9 0 0 P) 0 0 7 0 2 ^39 0 0 0 0 22 P) 9 5,998 106 P) 2 0 1,053 68 2,078 8 P) 879 P) 3,049 3,397 298 0 0 -15 0 10 741 0 P) 342 P) 206 Germany Greece . Ireland .. Italy ...... Luxembourg Netherlands 1 0 81 8,383 601 P) 87 P) P) P) 280 0 0 n 0 P) 1,058 Other industries 503 0 81 0 0 70 227 0 P) 0 0 59 1,870 9 98 P) 839 Services 274 P) 6 0 0 P) 585 P) P) 0 0 P) -40 0 P) 0 0 6 821 Banking Finance (except banking), insurance, and real estate 2,869 1 P) P) 0 672 329 0 0 -<3 0 P) 13,026 P) 1,342 12 P) 2,465 -16 Wholesale trade -327 0 P) 2 0 n P) 0 P) P) 0 4 P) P) 10 P) 0 -40 2,218 705 0 0 P) P) 0 P) 387 195 -78 0 P) 0 P) 3 2 165 n -31 0 P) 0 0 2 83 11 3,705 -39 220 165 28 P) P) P) P) 73 97 183 1,794 182 1,266 South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other 1,223 103 207 699 58 P) P) 19 P) -51 -90 P) 0 P) P) 0 0 97 P) P) 24 8 % 51 P) 0 -17 P) 0 0 0 0 0 P) 0 P) 0 0 0 0 0 0 16 1 15 0 0 0 0 0 0 P) 0 P) 0 0 0 0 0 0 55 P) 14 P) 0 0 0 P) 0 P) P) 2 0 0 0 0 0 0 P) 3 5 P) 0 0 0 0 423 P) 164 P) 46 0 0 0 167 0 167 0 n n 0 599 P) P) P) P) 0 P) P) 5 Central America Costa Rica Guatemala Honduras Mexico Panama Other 1,148 3 0 0 1,065 78 3 11 9 0 0 0 9 0 0 P) 0 15 0 0 0 15 0 0 P) 0 90 2 0 0 63 24 0 163 0 0 0 108 55 0 58 0 0 0 58 0 3 492 0 0 0 489 0 0 P) 0 0 0 P) 0 0 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other 1,334 P) -1 -2 3 -26 235 P) 803 P) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 P) 0 1,208 P) -1 P) 0 0 278 0 P) 0 -43 (*) 0 0 5 0 0 0 0 0 0 0 5 0 175 0 0 P) 3 4 0 P) 0 0 1 P) 0 n n 0 0 0 0 0 n 0 0 2 0 0 2 0 0 0 0 0 0 -25 0 -25 0 0 337 P) 0 3 0 -523 -611 Latin America and Other Western Hemisphere , Africa Egypt .. Nigeria 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 ... International Addenda: Eastern Europe .... . European Union (1 2) OPEC P) 654 14 -238 -434 P) -110 0 543 P) -15 -45 -188 -151 P) 0 0 1 P) 5 0 0 0 0 3 5 0 0 1 0 0 34 0 P) 0 0 0 P) -4 0 n 2 0 0 0 0 0 0 2 0 0 P) 0 0 0 0 -30 0 P) P) 0 0 0 0 0 0 0 0 0 0 0 -30 0 0 0 0 -30 0 0 0 0 308 P) P) -1 37 300 P) P) 0 28 6 0 0 -3 9 P) 0 0 3 P) 2 0 0 2 0 0 0 0 0 0 -9 0 0 -9 0 0 0 0 0 0 58 2 -16 33 39 36 0 0 -3 39 6 2 4 0 0 0 0 0 0 0 4 0 4 0 0 0 0 0 0 0 0 0 0 0 0 2 2 0 0 0 2,145 754 285 66 P) P) P) 374 P) P) -60 0 0 0 0 0 0 -60 0 0 0 0 0 0 0 267 0 0 0 77 156 49 233 P) P) 2 0 P) P) 0 P) 0 0 2 0 2 3 -56 387 226 306 0 -66 697 12989 750 n P) n 0 -604 226 292 47 382 348 55 203 638 n 176 0 0 0 8 3 00 P) n 0 0 P) -4 n 39 -21 P) P) P) 20 2 P) n -23 1 0 P) 0 -26 0 0 94 0 0 0 0 0 n 0 0 34 0 0 n 4 n -38 P) 0 0 0 0 0 1 n P) 0 0 0 P) 0 1 0 14 0 0 0 0 11 0 241 0 -147 -82 0 8 0 0 P) P) P) 0 P) 8 2 P) 0 0 0 1 0 0 P) 0 0 0 0 0 0 0 0 P) 0 0 P) 0 0 0 0 0 0 0 0 0 0 P) P) 0 152 6 P) P) 2 0 108 0 0 P) 1 0 0 0 P) 0 0 0 0 0 0 0 0 P) 0 0 P) 0 0 0 0 0 0 0 0 0 0 0 P) 0 0 -20 P) 0 0 0 n 0 0 P) 0 n 0 0 0 P) n P) P) 0 P) 0 P) 0 5 P) 0 -22 46 8 P) 0 0 547 7 P) 54 P) -8 174 P) 148 P) -7 56 P) P) -4 820 P) -3 158 0 319 190 0 2 583 0 P) P) 0 50 0 0 0 -151 P) 1 n 0 n 0 n 0 0 0 0 0 0 0 n 0 0 -43 0 0 n n P) 0 0 n 0 38 1 0 0 0 0 0 n P) 5 0 P) P) P) 0 -100 P) P) 41 0 0 10 195 1,832 11 165 275 3 559 4 _3 267 0 P) \ / 276 0 o n 11 -330 264 0 521 5 0 g 539 P) P) 275 P) P) 5897 P) o 2843 n 68 1 377 P) September 1997 • 133 SURVEY OF CURRENT BUSINESS Table 13.2.—U.S. Direct Investment Abroad: Equity Capital Outflows, 1995 [Millions of dollars; inflows (-)] Manufacturing All industries All countries Petroleum Germany Greece Ireland .. Italy Luxembourg Netherlands Norway Portugal Spain ... Sweden Switzerland Turkey .. United Kingdom Other .... 1 2247 839 -152 1,265 37 -1 P) P) 75 62 8,759 1,252 1,070 502 901 592 1,076 8,066 2,714 P) 3 P) P) P) 5 451 P) 77 335 0 0 0 0 4 14,620 304 0 0 P) 0 -23 0 0 P) 183 1,552 0 0 0 0 183 0 9 0 0 30 644 3 86 0 0 266 365 1,707 4,276 0 P) 2 0 P) 0 P) 4 63 315 2 4 0 0 19 5,188 P) P) 0 0 0 0 9 n p) 0 1 P) 0 6 P) 0 0 0 1 P) 302 0 P) P) -55 15 P) 0 5 P) 0 P) 14 0 0 0 0 P) -77 0 42 0 55 0 0 8 0 0 80 0 P) 5 -55 P) 61 P) 0 70 P) P) P) 0 0 0 1 P) 1,578 0 0 15 0 P) 6 0 2 P) 0 P) 250 0 -1 P) P) P) 10 0 2 0 4 26 154 12 -5 P) P) 12 P) 0 0 -5 0 0 0 P) 0 0 0 P) 3 49 7 2 1 12 4 P) 0 1 0 P) 0 P) 194 4 0 P) 47 4 1,546 P) 430 322 n 0 11 0 0 5 0 13 P) 231 139 0 0 0 0 0 1,612 P) 10 0 P) P) 0 0 9 346 0 0 -5 P) 0 P) P) -1 3,304 3 P) 5 0 7 P) P) 0 P) 133 1,135 80 P) v / 177 103 86 249 1,169 34 346 19 2 P) 0 0 0 0 0 P) P) 538 P) 0 0 0 5 0 23 0 23 n 0 n 47 P) 14 P) 0 0 0 3 0 P) 0 0 0 0 0 0 66 P) 50 0 P) 0 0 0 0 P) P) P) P) 0 P) 20 0 6 10 1 0 2 0 0 372 62 P) P) P) 0 P) -5 0 P) 0 0 0 8 P) n P) p) 0 0 0 P) 0 0 0 0 435 0 P) 6 0 0 6 0 0 0 0 0 P) 0 0 P) P) 4 0 P) 0 0 0 0 0 0 0 P) 0 0 5 5 -84 0 -84 0 0 1,926 185 P) 2 0 P) P) Central America Costa Rica Guatemala Honduras Mexico Panama Other 1,171 P) Other Western Hemisphere Bahamas 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 Indonesia Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan . Thailand Other .... International Addenda: Eastern Europe European Union (15) OPEC 46 P) 1,169 123 -4 930 P) 4 -102 56 134 P) 0 P) 0 P 0 0 0 p) p) 0 p) 0 0 0 0 0 0 P) 0 0 3 81 P) 0 648 1,284 P) 0 P) p) P) 650 P) P) 0 0 8 P) P) P) 0 0 379 0 P) 114 P) 0 0 P) 0 0 P) 0 0 0 0 0 0 p) 0 p) p) -5 0 0 0 0 0 0 0 0 0 0 0 20 P) 23 0 0 23 0 p) 5 P) P) P) 452 39 P) 7 0 -570 -705 36 P) 137 P) P) P) 0 P) P) P) P) P) 5,549 3,526 333 171 49 -88 400 278 165 P) P) -78 96 96 8,318 1,691 P) South America Argentina Brazil Chile Colombia Ecuador Peru. Venezuela Other 1,226 Other industries 316 263 0 0 Services 129 4267 "»i*w« 914 632 156 -54 9 P) P) 116 Banking 12,240 26,805 3,245 Other manufacturing Finance (except banking), insurance, and real estate 16 Europe 4 Transportation equipment Wholesale trade 573 -710 -5 Electronic and other electric equipment 365 -1,448 1.523 -338 Industrial machinery and equipment 17,292 36,611 Canada Austria Belgium Denmark Finland France Food and kindred products Total Chemi- Primary and cals and fabriallied cated products metals p) -100 -146 31 P) P) 0 0 5 0 P) P) P) 139 155 -1,851 P) 0 0 0 0 0 0 0 0 p) p) 0 0 0 p) n 0 0 0 0 0 n 7 0 P) 0 0 0 0 0 0 "o 0 0 n p) 0 1 p) p) 0 5 0 P) 0 P) 0 P) 1 n 0 0 1 , 38 0 P) P) P) 862 P) 0 n 0 n -45 10 P) P) 0 0 0 0 0 "o 290 0 n n P) 0 0 0 5 0 111 0 56 0 58 P) 0 0 111 0 0 0 0 56 0 0 0 0 69 P) 0 0 0 0 0 233 57 0 P) 0 p) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 P) 0 0 P) 0 0 0 0 0 0 102 P) 0 0 0 0 0 0 p) 0 0 P) 0 -5 -5 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 P) 0 P) 0 0 0 0 0 0 0 0 0 0 0 0 4 0 2 0 2 P) 26 P) P) 0 P) n p) 4 485 8 P) P) P) P) P) 210 0 0 P) 25 5 P) P) P) 0 0 0 0 0 0 p) 0 0 n 0 P) n 0 P) P) 4 0 0 0 0 0 0 0 4 0 4 0 0 0 0 0 0 0 0 0 0 0 0 P) P) 0 0 0 0 0 0 0 0 627 199 83 7 P) -4 P) -33 P) P) 4 P) P) 2 4 96 P) 53 0 P) 00 3 0 0 0 0 P) 4 3 -2 -5 0 12 1 P) 0 P) 161 103 P) 25 P) -1 8 0 0 5 0 0 -3 0 0 -3 0 0 n 3 0 0 0 0 0 0 0 0 0 0 0 0 0 P) 0 0 5 -4 20 0 0 0 0 P) 0 0 0 n 0 7 0 0 12 -33 P) 0 1 12 P) 0 0 0 0 0 P) 0 P) 2 0 P) 20 -2 0 P) 0 1 0 2 0 0 0 1 0 P) 0 3 p) 5 924 P) 875 0 0 -102 P) p) 0 6 P) 0 1,246 211 0 5 0 0 52 P) 7 836 0 8 16 P) 40 n 0 P) 0 n n 0 0 P) P) 0 n 0 P) P) 1,246 25378 -1,896 0 0 P) 0 P) n 9 n 0 0 4 n 0 3 P) 0 0 0 0 0 0 0 1 0 0 0 P) 0 0 P) 0 0 -4 P) n 0 P) 0 0 0 : 1 0 0 3,082 P) 0 2,964 3,139 0 3 n P) P) 0 P) n 0 0 P) pv 346 14,224 9 322 -38 0 4 n P) \ / 10 183 0 p) o o 0 -4 173 0 1,550 P) 627 3 47 276 P) (*) 289 2 P) o p)/ \ 4,910 1 704 3,821 'n 134 • September 1997 SURVEY OF CURRENT BUSINESS Table 13.3.-U.S. Direct Investment Abroad: Equity Capital Outflows, 1996 [Millions of dollars; inflows (-)] Manufacturing All industries Petroleum Food and kindred products Total Indue inausChemi- Primary trial and cals and fabri- machinallied cated ery and products metals equipment Electronic and other electric Transportation Other manuequip- facturing ment -352 9,024 473 1,198 4,041 440 794 2,376 -867 419 29 P) P) P) 7 12,183 12 410 36 3 4,269 194 0 P) 0 3 4 6,532 15 7 P) 0 P) 55 0 0 0 0 9 514 P) 0 P) 0 0 266 P) 0 0 0 472 2 P) 0 0 -3 Germany Greece Ireland Italy Luxembourg Netherlands 612 P) 346 645 P) 1,199 12 0 P) 0 0 16 77 0 P) 188 7 484 P) 0 0 -34 0 4 47 0 10 P) 0 P) Norway Portugal Spain Sweden Switzerland Turkey United Kingdom Other P) P) 183 P) -637 70 4,223 583 14 0 -4 0 4 P) 4 0 9 0 9 3 P) 91 Europe Austria Belgium Denmark Finland France luaan America ana vuier western nernispnere I atin AntArfoa anrl fttha* Ufaefam Uamlonhara South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other Central America Costa Rica Guatemala Honduras Mexico Panama Other Other Western Hemisphere Bahamas 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 Indonesia Japan .... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan .. Thailand Other .... International Addenda: Eastern Europe European Union (15) OPEC n 279 121 P) 251 P) 367 219 11 n -oiu -245 P) 277 89 179 P) 1 0 0 -1 P) P) 0 9 0 0 0 0 -6 P) 704 P) 0 -2 568 P) 0 P) 0 0 0 488 P) 0 0 P) _6 P) p) 0 297 3 9 40 P) -177 -4 0 0 0 0 30 0 n p) 28 7ftft JOO 2,133 158 1,545 241 P) 3 441 -126 P) v / n p) 0 39 A Q9Q 2,829 n 524 P) P) 96 373 P) 134 18 P) 83 1,907 1,793 247 177 72 78 -1,229 82 P) 13 P) 164 58 285 92 n P) 0 -33 3 P) P) P) P) P) 0 n n 0 1 1 0 0 0 0 0 0 0 0 0 P) P) P) 133 0 0 p) q 0 323 P) p) 30 0 0 64 58 6 0 0 P) P) -1,272 161 135 P) 0 8 5 P) 0 0 P) 0 p) p) P) 279 -103 196 0 p) 0 p) 0 0 0 0 p) P) -70 n 523 1,251 280 4,475 594 6,333 P ) -201 349 P) 398 P) 1,955 419 0 P) P) 263 1 1 0 0 34 2,863 3 0 0 0 P) 336 P) 0 3 0 83 18 0 P) 3 0 5 1,895 0 P) 0 0 P) 0 P) 8 0 3 42 0 0 P) 0 P) P) 0 -2 P) 7 P) 52 P) 0 60 0 41 P) 0 142 0 143 172 P) 590 P) 0 0 4 P) 0 42 2 -$ 0 3 0 P) 0 0 P) 0 n p) -1 0 0 13 P) 0 0 9 0 287 P) -2 0 11 5 P) 0 315 14 n 1 M 109 19ft 010 148 P) P) 0 1 0 0 5 0 312 -1 P) 2 0 9 p) p) 0 6 18 0 -2 P ) P) 0 /D\ 10 19 is 09 85 P) P) 0 1 0 0 0 12 0 P) P) 0 0 0 0 6 0 6 0 0 0 0 0 0 P) 0 0 0 0 0 p) P) P) 0 0 0 P) 0 0 47 P) 0 0 P) P) 0 p) 0 P) 0 P) 0 0 0 P) 0 0 0 P) 0 0 0 n P) 0 0 0 p) 0 0 0 0 0 0 21 0 0 0 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 2 0 0 0 0 0 0 P) 0 0 p) 0 o 0 0 0 0 0 0 0 0 0 167 P) -5 -1 0 -10 0 3 P) 0 78 0 3 0 0 0 0 0 0 0 o 0 0 0 0 72 8 29 0 -1 4 0 0 0 0 P) 0 0 0 0 -1 1 P)6 8 n 0 0 0 P) 3 0 0 o n 1 Other industries I« M , M 1.555 (D\ ( 1 o Services o 1 0 n 5 P) 0 0 0 0 P) 0 0 0 0 0 20 0 P) 0 P) 0 0 0 0 0 (*) -15 n 0 0 0 P) 1 0 P) n 3 0 P) 0 P) p) P) 0 0 p) 0 p) n p) p) 0 0 16 P) 244 8 -4 6 P) 6 3 0 -22 P) P) -1 2,612 P) 0 5 0 0 6 0 494 P) -37 1 110 1,109 0 P) P) 17 1 Oil H71 Oil 726 P) -2 0 P) P) 0 0 0 0 1,068 P) 758 P) P) 0 P) 0 -203 0 0 0 -203 0 0 /D\ 0 0 P) n 0 p) 0 221 0 0 P) 1 2 o 7 0 0 1 2 0 3 0 0 -2 5 0 0 304 1 0 0 205 97 0 p) 0 0 0 0 0 0 0 0 0 0 0 4 0 0 4 0 0 0 0 0 0 -279 -101 0 0 3 3 0 0 -180 -4 109 P) p) 0 P) 0 0 0 0 0 0 P) 0 0 P) p) P) 0 0 0 P) 48 P) 2 P) 6 4 0 0 0 4 0 0 0 0 0 p) o p) o 10 0 3 0 6 52 P) 9 -4 P) P) n PI P) 0 0 0 0 0 P) P) P) 28 P) 19 71 0 -15 P) -7 -103 P) 3 11 7 P) P) P) P) 128 1,563 1,404 3 12 P) P) 44 P) 0 5 o P)0 0 0 249 P) 7 48 0 0 11 P) 14 0 0 20 P) -1 0 o 0 0 0 0 p) 0 0 0 0 p) 0 0 0 0 0 0 0 0 P)0 0 0 P) 49 25 P) n P) P) 0 0 0 n 0 p) 0 n 3 p) 1 0 0 0 0 p) 42 n P) 0 0 57 P) -4 5 0 P) 0 0 0 8 0 0 P) P) 3 P) P) n P) 0 0 40 0 3 0 o 0 0 P) 0 0 0 p) 0 0 0 0 0 0 P) n P) P) n 0 0 p) 0 0 1 1 o 6 0 0 0 0 6 0 0 0 0 2 0 0 2 0 0 0 0 1 P) n 0 p) p) 578 12,111 312 1,111 126 61 63 -1 65 572 P) 14 0 0 P) 17 -11 0 4 P) 89 P) p) P) 0 Banking Finance (except banking), insurance, and real estate ment 21,605 All countries . Canada Wholesale trade 221 5,982 69 91 -52 1 P) 374 P) (*) P)1 2 54 0 o o 467 0 p) 0 P) 281 P) 14 286 P) 3 206 5 /D\ 3805 P) p) V / 2 n -37 1,932 SURVEY OF CURRENT BUSINESS September 1997 • 135 Table 14.1 .-U.S. Direct Investment Abroad: Reinvested Earnings, 1994 [Millions of dollars] Manufacturing All industries All countries Petroleum InHne mausChemi- Primary Food trial and and cals and fabri- machinkindred allied cated ery and products products metals equipment Total 29,148 -19 14,666 2,647 Canada 3,785 -16 2,787 306 iurope Austria Belgium Denmark Finland France 9,275 13 -29 10 P) P) 4,670 61 533 14 25 30 290 3 573 -6 19 159 119 310 99 12 704 8 29 Germany Greece Ireland Italy Luxembourg Netherlands 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 61 701 -22 55 -296 316 20 1,050 847 602 2,763 P) 4 3 885 195 347 355 336 24 147 -291 8 3 52 -310 122 P) -18 -24 -89 54 464 62 2,265 66 556 -42 23 43 998 513 214 3 -6 -6 3 924 -83 P) 229 21 P) 6 2 0 0 P -107 0 0 84 776 102 72 -134 -38 17 197 292 -2 P) -8 -1 49 -263 -94 36 18 -455 9 1 69 59 -33 28 49 371 5 280 0 13 0 173 0 1 7 79 2 112 308 P) 86 251 3 28 157 0 83 11 -3 41 :: 28 2 15 103 P) 44 8 4 215 P) D 6 -4 1 11 P) 14 3 P) 6 236 P) P) P) 65 P) 17 48 -1 117 -6 3 P) 125 1 32 6 130 P) 0 72 -8 27 1 513 21 n -1 n 41 51 -112 n n 48 10 -591 -11 8 P) 1 14 99 -1 31 68 P) 25 40 40 -81 -12 28 19 n a 452 543 9 527 418 15 33 3 30 21 -5 12 -1 1 R •j 150 9 4 0 0 262 P) 2 67 -1 -1 3 8 -1 19 5 29 -4 3 2 487 15 8 4 6 60 2 1 0 10 155 P) 12 P) (D) 287 153 311 54 0 0 7 P) 3 (*) n p) P) 1 119 10 1,070 614 27 24 2,264 11 104 347 -77 213 53 Africa Egypt ... Nigeria . South Africa , Other.... 374 85 -52 136 205 Middle East Israel .... Saudi Arabia , United Arab Emirates , Other .... 26 1 3 -16 11 P) 5 4 11 P) n «.•] -66 9 21 -96 47 1,107 37 12 286 14 P) P) 223 16 1 1,003 19 P) 7 1 0 -43 2 n 1 n P) P) 54 420 172 54 124 70 152 3 17 101 31 —232 928 18 737 97 48 832 344 249 271 232 1,311 -424 -63 n -9 12 69 84 62 -24 8 6 434 266 -69 P) -79 10 3,116 623 91 284 8 26 518 112 152 62 109 859 28 1 0 D p) Q 0 0 0 0 53 0 0 0 0 -93 0 0 0 d 0 -11 n 0 0 0 0 0 1 0 0 0 0 0 P) 0 1 0 p) 0 0 0 0 -95 0 0 0 0 4 1 1 P) 0 48 -1 P) P 1 25 -3 2 23 3 43 P) (*) 14 P) 23 5 0 13 5 4 8 8 65 1 Q P) Q P) 2 0 1*) P) 76 1 244 15 0 0 0 0 1 11 5 (*) 2 3 39 0 -1 £) P) 31 P) _-j 16 P) -1 -1 0 0 0 114 112 n n 7 9 -1 0 -1 39 775 70 2 27 8 (*) 243 -12 P) 916 23 P) 135 1 2 204 -13 80 P) 0 376 160 -1 -8 -13 5 P) 28 1 P) 411 84 12 24 10 17 6 33 8 8 101 32 -1 P) 65 5 32 27 2 11 0 505 5 123 21 8 2 P) 12 P) 1 Q o n n 3 n 2 Q 0 0 0 -85 66 P) 1 1 P) 1 0 12 n g 11 P) 622 188 5 P) 935 198 -13 242 11 18 0 0 P) 147 44 P) 11 241 32 28 18 1 282 2 7 7 22 103 26 4 0 0 20 34 0 -185 0 (£j •j -7 492 P) 2,689 -133 -183 n 0 3 1 -2 P) 2 0 P) P) 4 0 1 P) 14 0 0 n 1 140 P) P) 0 3 1 1 1,004 0 287 0 0 0 4 0 0 194 143 49 4 -1 5699 P) 53 P) 16 2 -9 -61 8 -102 P) 2 0 0 -5 20 192 n 307 p) 1 n 1 (*) 16 295 6 0 31 -66 1 235 548 24 349 166 9 101 0 4 28 459 0 44 3 2,036 fl 36 -5 P) 71 21 4 0 P) -1 3 P) 38 P) 205 P) 0 15 16 P) 127 P) 7 P) 114 Q P) 81 0 P) P) 95 P) -25 9 P) -20 P) 8 12 41 4 106 47 5 19 61 8 fi -258 n 4 -168 6,393 448 -241 -32 45 1 n 2 ^ -3 7 -1 6 3 0 98 0 0 9 88 -23 2 P) n 3 -43 20 n P) -€ 64 63 -3 -31 P) P) -98 26 3 4 385 P) -7 16 0 P) 31 1 P) 173 2 67 1,336 95 P) 7 n P) 9 -12 13 5 p) 69 P) 2 380 n -4 8 53 -1 2 n P) 295 13 237 3 18 329 -4 22 31 n n n ~0 30 30 14 11 -1 13 17 -15 -4 268 -4 9 -19 299 23 196 263 P) P) 1 5 1 0 P) 0 20 P) 27 27 182 105 57 140 -1 136 8 22 2 5 -11 850 73 671 129 P) P) -1 112 231 244 13 P) -4 -7 19 n 589 122 367 8 P) 1,935 1 579 508 160 206 8 385 24 2,643 11 65 -171 9 P) -8 P) P) 1 11 3,724 132 36 50 ; -5 10 233 -133 -237 -200 -604 -227 4,765 3 10 92 11 151 23 -1 221 -3 106 26 453 23 -265 737 5 129 22 291 386 230 265 -8 37 -9 P) 2,421 124 2 1,312 100 1,842 74 150 177 -44 P) 8 -3 -72 4 136 598 Other industries 914 1,069 434 4 923 3,054 554 74 8,017 63 1,880 802 2,819 -120 8 P) 14 9 3,958 267 -116 921 97 NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. 169 3,707 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other Addenda: Eastern Europe European Union (12) OPEC 1,184 3,723 2,413 174 -14 6 Finance (except banking), insurServices Banking ance, and real estate 164 2,000 258 21 International -239 3 58 6 1,293 Other manufacturing 165 585 2,113 1,108 2,291 1,280 Transportation equipment Wholesale trade 9,584 Central America Costa Rica Guatemala Honduras Mexico Panama Other Asia and Pacific Australia China ... Hong Kong India Indonesia Japan ... Korea, Republic of Malaysia New Zealand . Philippines Singapore Taiwan . Thailand Other .... -146 620 4,122 Electronic and other electric equipment 11 2,050 90 P) 118 10 -6 145 4 P) 759 -6 -1 -88 -1 40 53 73 24 490 18 19 38 71 P) 1,887 13 n 299 -30 P) -247 63 September 1997 SURVEY OF CURRENT BUSINESS Table 14.2.—U.S. Direct Investment Abroad: Reinvested Earnings, 1995 [Millions of dollars] Manufacturing All industries AH countries Canada Europe Austria Belgium Denmark Finland France Total Industrial machinery and equipment Electronic TransOther and other portation manuequip- facturing electric ment equipment Wholesale trade Finance (except banking), Banking insurServices ance, and real Other industries 1,603 52,385 3,399 23,990 2,073 5,936 1,121 3,134 4,063 3,116 4,546 5,349 16,001 2,403 6,894 270 4,586 439 652 281 300 143 1,422 1,350 429 6 890 241 473 23,679 286 1,134 167 162 1,196 549 -18 31 0 P) -31 10,803 189 724 6 81 879 687 2 22 12 361 -2 -4 6 2 16 2,383 7 27 -6 5 128 1,738 P) ^3 9 563 P) P) 1,570 1 P) 2 3,001 32 106 38 50 403 178 -1 P) P) 1 -46 8,468 22 165 41 1 96 1,351 60 151 47 -671 . : 3,502 3 661 -17 34 357 1,931 -90 1,379 P) 1,390 1,175 265 P) -3 20 0 192 471 7 660 208 0 90 96 0 10 25 -1 50 552 0 57 292 289 73 -31 453 P) 665 97 A 446 143 3 -3 94 1 276 -112 3 356 256 85 10 P) 204 P) 12 7 1 21 83 62 76 3 726 56 n -1 2 3 107 53 90 P) 43 899 6 171 P) Germany Greece Ireland Italy Luxembourg Netherlands 2,109 1,593 676 4,860 Norway Portugal Spain Sweden Switzerland Turkey United Kingdom Other 433 190 1,034 287 2,297 120 5,040 163 Latin America and Other Western Hemisphere Petroleum Chemi- Primary Food and cals and fabriand kindred allied cated products products metals -1 155 &54 346 8 17 P) 37 P) 183 42 80 837 132 297 72 2,231 199 -202 -12 -109 -25 2 P) 9,401 495 3,733 551 1,016 288 South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other 4,722 526 2,258 769 144 72 316 489 149 282 88 28 P) -58 50 P) 90 11 2,946 249 1,918 171 221 16 21 327 23 471 137 238 P) 58 671 57 475 28 57 3 18 29 5 279 P) 176 P) Central America Costa Rica Guatemala Honduras Mexico Panama Other 1,806 324 18 13 699 733 18 60 1 P) V) 13 25 P) 656 P) 10 P) 516 43 5 74 15 -1 1 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Isfands, Caribbean Other 2,873 153 -6 15 P) P) 1 -1 68 10 P) 131 5 (*) 2 47 25 2 14 29 8 6 0 0 1 1 0 1 1 0 2 916 197 212 113 394 380 157 183 265 71 0 971 244 380 151 196 339 4 12 104 218 253 P) P) 3 1 n n n 0 0 0 10,282 2,298 145 1,292 86 258 1,714 512 569 424 210 1,833 463 463 14 1,332 666 4,350 714 211 389 33 1 636 157 423 82 173 1,055 333 121 22 325 273 -5 6 -11 5 -68 13 677 50 8 28 15 13 143 48 15 13 75 32 191 35 11 242 ,8 o 0 24 n 309 318 -1 160 -120 0 1 56 3 2 fi -174 n -2 -360 _£ 58 -30 -8 /*) P) P) _g 1 17 -95 15 P) 57 45 35 396 116 16 26 54 47 699 9 770 8 -106 920 1,169 509 -156 958 -11 756 P) 815 36 541 42 57 370 105 139 45 P) 138 0 (*) -2 60 22 -202 165 „§ 38 4 31 P) 1,095 a N?gyeria" 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 ... International Addenda: Eastern Europe European Union (1 5) 145 2,316 58 13 334 78 521 96 -9 20,665 1,671 8 74 130 -118 34 -8 33 5 P) 59 70 P) 215 7 P) 14 -201 396 531 42 7 7 7 P) 76 5 0 P) 24 1 36 /D\ n p) (*) (*) (*) 33 P) -1 P o 0 0 0 0 0 P) 0 0 75 P) -5 4 29 P) P) P) P) 17 5 2 Q 3 0 ( ',' 112 25 -3 (*) -1 29 2 0 5 3 18 -2 P) -1 o 131 0 P) 40 0 0 0 40 0 0 P) P) 0 0 -41 0 5 -38 0 0 0 -38 0 0 306 18 P) 1 282 P) P) 289 P) P) -1 P) 44 1 -52 0 0 0 0 0 0 (*) -52 0 P 0 0 0 0 0 0 0 0 0 0 48 0 0 217 -92 -2 -100 P) -168 2 -1 0 0 10 0 -2 5 1 0 o o (*) 1 0 0 0 (/ 1 0 P) 2,081 1 4,486 204 830 384 62 214 88 76 17 39 P) ^3 0 661 -36 -45 392 -2 -6 258 35 64 32 0 P) P) -54 130 47 8 35 2 1 101 10 1,305 222 5 404 -2 9 345 95 19 14 32 58 32 67 7 308 147 1,878 403 P) 300 -1 17 640 -17 6 -2 P) 425 31 P) 4 545 78 0 55 5 12 250 P) 564 67 P) 44 0 P) 13 -7 414 138 -17 P) -11 10 -10 n 0 228 P) P) n 8 14 0 P) 0 9 P) n 0 n -1 P) 68 4 15 P) P) 184 110 8 1 1 : P) P) 3 99 0 0 13 86 2,100 28 218 239 -2 2 256 43 360 7 38 738 128 44 537 90 1 46 40 'n p) 329 n 1,031 p) 9 8 0 16 9 0 2 5 0 o n 127 -6 P) 74 (*) 3 P) (*) -1 2 149 P) P) 5 P) 5 6 2 0 -3 Q n 3,600 111 P) 2 141 n P) 219 P) P) -30 4 0 (*) (*) 3 -560 641 159 -3 36 8 -1 24 5 P) P) 1 0 0 P) o P) (*) (*) -4 -145 1 5 -1 0 -2 -1 -6 39 0 -1 22 17 4 1 (*) 3 P) 27 "-795 (*) 502 4 1 (*) Q 2 -360 n P) -1 % 5 o 13 i!) P) P) -1 % fl7 P) 2 -35 -8 19 (*) 4 15 5 0 3 6 (*) 50 190 P) -28 P) -4 P) 35 P) 2 -65 -8 10 a 26 59 7 15 23 5 24 0 P) n 66 59 -175 ~125 8 -57 -48 25 59 -29 5 fi (*) 110 15 -15 1 P) 2 P) A 10 19 20 11 -5 207 157 10,194 421 -106 713 68 NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. 270 5 2 0 218 P) P) 1 4 42 -35 22 -39 11 -12 9 7 -855 42 10 P) 31 60 91 P) 337 -2 34 Africa -687 •J 23 P) -104 2 P) -6 12 3,365 20 319 8 6 2,285 13 P) 1,607 A 114 116 1,374 136 10 2,268 57 24 -83 158 9 7,335 135 -2 1,207 42 -5 -653 326 SURVEY OF CURRENT BUSINESS September 1997 • 137 Table 14.3.-U.S. Direct Investment Abroad" Reinvested Earnings, 1996 [Millions of dollars] Manufacturing -266 -68 0 29 -428 18 156 1 558 224 1 140 P) P) 117 32 -21 77 P) 1,040 -4 -5 P) 136 6 163 P) 88 P) 97 349 58 259 P) P) P) 2 251 2 -1 0 0 7 0 P) 2 4 P) 0 -4 0 89 0 0 0 89 0 0 P) P) 0 0 97 0 2 n n 0 P) 0 25,801 -40 1,333 59 189 1,824 1,616 3 9,410 -26 813 -74 126 1,482 638 -3 44 5 0 198 4,512 10 630 -26 35 673 324 -1 -19 3 3 291 Germany Greece Ireland Italy Luxembourg Netherlands 648 34 2,569 362 699 5,450 98 4 P) P) 652 1 505 378 18 fi 318 4 40 25 0 -71 485 19 631 372 0 525 Norway Portugal Spain Sweden Switzerland Turkey United Kingdom Other 935 155 558 -53 3,241 65 7,238 536 779 5 5 P) 28 P) 407 -31 81 43 376 P) 5 1 13 201 1 P) 14 155 -5 -154 387 33 2,439 267 186 -14 872 52 11,539 753 3,924 814 1,261 South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other 4,803 498 2,501 600 272 74 272 463 123 596 108 146 P) 47 55 fi 10 2,364 219 1,740 54 206 14 23 105 3 621 31 516 P) 59 -4 1 P) 660 68 413 33 81 9 16 37 3 Central America Costa Rica Guatemala Honduras Mexico Panama Other 3,527 289 38 -8 2,436 740 31 3 1 P) 2 15 -45 P) 1,407 39 18 27 1,344 -30 9 175 13 P) P) 127 426 4 P) 0 450 P) 1 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom (stands, Caribbean Other 3,209 155 12 153 9 17 0 175 8 0 Africa Egypt Nigeria 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 International Addenda: Eastern Europe European Union (1 5) OPEC -310 156 2,699 60 49 230 228 79 18 Q P) 1 n n 1 8 n 116 18 n 17 2 P) 4>9 3 146 15 -2 38 95 31 0 -90 59 240 49 -29 -94 -9 181 906 216 207 104 378 428 5 13 43 367 55 163 -76 P) P) -2 -2 (*) 10,527 1,456 470 983 69 1,077 1,909 618 691 352 425 1,373 435 633 36 1,598 225 41 25 -6 925 P) 19 89 P) 166 8297 P) 39 4,402 387 309 202 5 16 860 371 565 39 299 791 3 271 -9 437 -27 875 1,280 107 -101 n -224 0 2 1 0 -4 30 0 P) 15 3 13 -500 0 -1 -6 fi n P) P) n p) 54 P) -1 p) 0 0 0 0 0 0 48 -7 4 36 15 -102 P) 0 0 18 1 (*) 19 2 0 O P) 0 P) P) P) 242 94 -15 3 -6 -2 -35 33 1 P) 130 P) 170 P) P) 459 5 -11 11 16 10 32 56 11 13 88 14 -1 35 8 83 28 -2 P) 2 2 18 -7 -1 P) 3 23 -8 P) -1 o 8 9 -187 316 P) 262 182 Other industries 18,987 2,357 1,331 985 362 496 -2 P) 1 (*) -90 10,694 1,321 -35 23 P) 33 -39 -458 52 P) -6 -15 92 -2 169 P) -378 3 16 12 632 102 530 3,297 580 14 P) 97 P) 44 19 137 223 19 6 36 31 2,082 -2 3,424 18 27 30 36 33 -33 P) 363 -17 5,353 343 592 692 108 343 196 3 1 P) 20 P) 89 34 45 521 -40 -51 285 -5 -7 145 P) P) 1,375 3 P) (*) 620 750 P) fi 116 4 214 -44 0 458 1 13 103 P) 1 P) -91 34 -2 1 -2 75 27 31 257 P) 25 40 96 -30 720 17 587 20 -550 599 1,354 897 -580 455 16 427 889 83 664 25 42 1 5 68 38 -15 -17 n 9 7 39 18 502 83 295 24 P) 3 -5 P) 41 144 0 0 0 144 0 0 408 10 7 P) 383 P) 6 487 P) -2 1 128 P) 1 125 0 (*) (*) 99 25 1 0 0 0 0 0 0 0 0 0 0 57 0 0 372 12 83 276 -3 P) P) 0 -7 0 P) 59 -3 34 P) P) 12 0 -323 207 21 1 257 n 4 0 3 P) 68 n -1 0 69 -1 n 3,286 145 46 2,290 0 1 218 3 574 10 185 -3 19 125 n 14 -33 P) 5 22 9 0 6 8 -950 -491 { o o 399 8 -1 9 -35 1 P) -71 -8 97 -10 P) -87 6 14 -2 -118 57 63 P) P) ^38 161 P) 12 8 8 0 0 0 0 (*) 0 0 "o -13 5 0 -24 6 7 n n 1 6 1 19 -1 -3 (*) 2 2 -7 5 1 1 0 3 173 172 1 0 0 -1 -21 -20 (*) 0 -1 81 P) 19 37 P) 84 0 P) P) P) 130 7 P) P) 6 47 7 32 4 4 81 P) 51 -5 P) 1,068 59 28 P) 22 (*) 548 9 57 (*) 2,044 16 P) 143 -10 P) 250 177 415 7 49 452 113 173 8 1 -9 P) -71 10 0 P) 394 11 P) 36 -9 -7 119 93 81 4 29 34 68 26 P) 1,050 207 99 158 14 P) 352 8 3 P) 34 55 68 37 6 886 315 -1 88 42 P) 1,859 165 15 414 -4 23 936 P) 24 -46 33 278 -1 P) 14 262 51 -2 -8 24 10 42 32 P) 7 P) 88 8 -3 1 471 106 9 105 -5 52 46 -36 -18 239 -3 -49 1 0 0 0 i!) P) 1 0 P) 1 n 3 o 248 126 P) 1 o n n 16 P) I*) n n 0 0 o P) 6 74 n 2 p) 40 n -85 -97 n -2 -477 P) -103 147 43 -14 83 -14 8 0 0 41 n fi P) P) P) P) -1 P) 11 P) 0 8 20 -2 235 225 8,643 11 -5 599 -31 NOTE.—In this table, unlike in the international transactions accounts, reinvested earnings are shown without a current-cost adjustment. -128 $ 0 (*) 94 Services 203 318 21,024 2,027 i!) P) 16 0 P) P) P) 2,721 27 188 14 22 245 1,720 29 35 -55 P) 64 130 Latin America and Other Western Hemisphere 1,374 1,108 1 29 -9 P) 349 652 601 -121 45 1,144 6,780 245 -123 1,184 329 1,606 92 1,969 3,312 -a 4,993 848 3,485 252 21,248 885 B P) 3,989 2,768 5,533 6,316 Europe Austria Belgium Denmark Finland France (except banking), insurance, and real estate Other manufacturing 55,633 All countries Canada Banking Transportation equipment Petroleum Total Wholesale trade Electronic and other electric equipment InHiie InQUSChemi- Primary Food trial and and cals and fabri- machinery and kindred allied cated products products metals equipment All industries 13 4,287 -60 32 298 10 -4 1,031 11 P) 1,469 21 34 -309 n P) 1,268 61 17 1,939 103 46 196 142 16 8,577 165 -18 1,310 45 59 -516 281 September 1997 SURVEY OF CURRENT BUSINESS Table 15.1—U.S. Direct Investment Abroad: Intercompany Debt Outflows, 1994 [Millions of dollars; inflows (-)] Manufacturing All industries All countries Petroleum ElecInrlno inoustronic Chemi- Primary trial Food and and machin- other and cals and fabriallied kindred cated ery and electric products products metals equip- equipment ment Total 18,633 1,156 6,018 441 Canada 1,669 108 1,261 P) Europe Austria Belgium Denmark Finland France 6,484 P) -56 201 P) 417 562 -2 P) -9 -8 119 2,118 182 237 94 18 2 -30 P) 0 P) -486 P) P) -3 129 0 -33 -532 Germany Greece Ireland Italy Luxembourg Netherlands -177 Norway Portugal Spain Sweden Switzerland Turkey United Kingdom Other 623 P) 1,036 126 -224 n -34 -753 P) -6 18 -1 P) 218 P) 111 19 4,402 494 318 P) -10 41 P) P) P) 138 -14 68 1,087 P) -12 19 627 36 5,721 64 South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other 1,555 230 256 300 237 P) P) 394 P) Central America Costa Rica Guatemala Honduras Mexico Panama Other 1,692 3 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other 2,474 P) 42 -369 -737 -162 Latin America and Other Western Hemisphere Africa .... Egypt Nigeria South Africa Other. -17 P) 625 P) 519 -791 n 30 1,540 125 -5 -33 142 1,749 P) 1,562 Asia and Pacific Australia , China Hong Kong India .. Indonesia Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Thailand Other 5,276 Addenda: Eastern Europe European Union (12) OPEC -168 -8 -3 P) -33 -12 P) -19 P) P) 23 48 7 201 -23 -126 n -6 938 4,431 275 1,762 -49 6,582 1,146 P) P) .1,372 P) P) P) P) 105 -76 n P) p) n -11 217 1 44 P) P) -62 294 3 P) -43 -2 P) 21 -36 P) -77 P) P) P) -29 P) -70 2,148 155 P) 0 0 P) P) P) -11 2,744 P) P) 104 P) 447 174 6 P) P) P) 269 951 P) -67 P) P) P) 4 0 -4 16 P) 18 P) 0 216 P) P) -36 P) P) 8 P) P) P) P) 0 2 36 2 -10 3 P) 38 82 P) P) P) P) P) P) 0 0 556 0 -1,353 280 -62 -39 -88 -13 -22 129 P) P) P) 1 P) P) -3 776 0 P) P) P) 4 -3 P) n p) 0 P) P) 135 P) P) 11 329 1 P) P) -5 P) -44 60 0 2,795 P) 4 P) P) -3 26 P) 325 25 2,371 222 314 -40 P) 10 P) P) 0 0 4 P) 27 1 17 P) 3 0 377 P) P) P) 8 P) 39 P) P) 150 0 P) (*) 115 35 P) 2 0 -1 0 -15 P) P) 9 P) 2,261 P) P) P) P) P) 194 145 P) 18 P) 0 51 0 -13 0 -73 P) 0 -6 -19 P) P) 1 P) P) -51 P) P) -5 -6 P) n p) 0 n P) P) P) -26 28 22 -72 -3 -9 -5 P) P) 1,217 P) P) 616 P) P) 608 118 -31 17 -2 P) P) 1 P) 676 P) P) 323 P) -2 P) -18 -4 P) 1 226 933 P) 4 -33 0 1,344 P) P) P) 8 P) 32 P) P) 1 6 P) 8 26 P) P) -3 P) P) -2 58 P) P) P) P) 76 P) P) 3 -19 33 2 P) P) 27 42 P) -170 1 P) -121 P) P) P) -5 143 301 201 325 -10 866 P) P) 55 P) P) P) 2 P) 11 41 19 P) P) 72 69 207 37 153 -8 19 P) n P) 0 -3 P) P) P) P) n 0 0 0 n 0 P) n 0 p) -8 P) 3 -18 -1 P) p) P) -1 0 0 0 0 P) 0 0 P) -1 6 1 P) -19 P) 0 4 P) n o n n o -73 P) P) 1 (*) 5 P) P) 0 P) P) -7 0 0 633 75 43 P) P) 16 226 -15 P) P) P) P) 328 P) P) -14 1 12 216 P) -2 6 -3 33 18 15 -1 o 1 -5 P) 0 P) 2 20 P) P) P) 0 P) -2 P) 33 -1 0 6 P) P) 17 -14 p) 0 6 0 P) 0 0 n 3 699 P) 12 -13 1 P) -7 P) P) 127 697 -20 31 P) P) P) P) 11 P) 1 78 67 -16 41 P) -6 -1 P) P) 0 P) P) 107 28 46 1 -2 110 ^30 P) P) P) P) P) P) 225 -1 0 P) P) -6 0 P) 0 P) -2 P) P) 0 152 0 0 P) 0 -24 P) P) 0 P) P) 0 n P) 0 0 P) 0 7 0 0 0 7 0 0 P) -2 0 0 P) 0 P) P) 271 0 0 0 P) 0 0 0 n n P) P) P) 0 0 0 0 0 0 p) p) 0 p) 1 0 104 0 o p) 0 -2 • 696 0 0 0 696 o 0 0 0 0 0 0 0 0 0 0 0 fl -3 n P) 0 0 0 p) n 0 P) 0 P) -118 -4 P) P) P) P) -8 0 3 13 0 n 0 p) P) P) P) 0 0 -71 -72 0 1 0 0 0 0 P) P) -2 0 (*) P) P) P) P) (*) 95 8 300 29 -13 -8 (*) P) P) P) P) P) P) P) P) -28 35 P) -11 0 P) -4 P) P) 0 0 12 -77 -15 P) P) -3 P) 3 12 0 953 25 26 P) -1 -1 263 P) 19 2 -4 280 25 28 p) 0 o o o 46 P) P) 1 5 "o 0 0 0 P) P) P) 1 0 0 3 0 P) P) P) 0 0 p) 0 0 P) p) 0 0 0 p) n -879 n p) 1,697 n -38 3 -1 P) P! n p) n n P) 24 564 5502 1,840 n P) p) n p) p) p) 0 p) n P) P) n n a P) P) P) 53 -60 23 4 P) 32 15 P) 514 P) 115 P) 88 17 8 P) 9 -147 -7 0 0 P) P) 0 -21 P) 55 1 P) -31 375 193 P) -2 P) P) -23 14 P) 20 n 1 -138 P) 18 n 4 14 1 15 P) 4 P) 98 P) 19 P) -392 481 1,367 23 1,576 1,204 146 105 -194 -233 161 P) 4 22 P) P) P) P) -27 P) -234 10 0 11 P) 5 Other industries 237 506 -346 -45 -15 P) Banking P) 2,073 -349 -236 P) P) P) Other manufacturing Finance (except banking), insurServices ance, and real estate -141 P) P) -308 P) P) 20 -6 -17 29 -311 Middle East , Israel . Saudi Arabia , United Arab Emirates Other International 1 -170 -162 Transportation equipment Wholesale trade -2 -16 P) 2 n 0 P) 1 P) 0 1 2 P) -1 0 n 90 6 P) -56 n 46 0 0 -136 106 P) 0 -128 32 P) 0 P) 6 n 1 p) 3 o n p) 0 0 0 0 0 P) P) 0 0 0 P) P) 0 n 1 6 2,017 -217 n n 26 -4 P) P) n P) P) P) P) P) 45 38 1 790 209 29 -72 19 P) -460 33 1 -77 6 P) 224 -17 -31 380 3 P) 1844 104 15 -48 60 -5 -14 P) P) -22 P) 272 2,719 26 69 -50 P) 924 P) SURVEY OF CURRENT BUSINESS September 1997 • 139 Table 15.2.—U.S. Direct Investment Abroad.0 Intercompany Debt Outflows, 1995 [Millions of dollars; inflows (-)] Manufacturing All industries All countries -3,881 Canada Petroleum 486 Total 1,248 18 583 -3,192 258 1,722 -485 -273 Europe Austria . Belgium Denmark Finland . France . -186 -225 -2,017 P) 230 P) 11 -7 1,285 Germany Greece . Ireland .. Italy Luxembourg Netherlands 195 P) -1,411 288 -962 2,294 Norway Portugal Spain ... Sweden Switzerland Turkey .. United Kingdom Other .... -114 20 P) P) 611 3 -9,284 92 Latin America and Other Western Hemisphere -14 -32 Food Chemi- Primary and and cals and fabrikindred allied cated products products metals 301 497 461 71 -14 P) P) P) -1 401 -79 0 -24 P) -114 49 -119 P) 3 -3 76 3 P) -199 P) P) P) P) P) 11 197 -7 42 0 P) 15 P) 0 P) 177 P) 10 -2 154 -22 -21 -25 P) P) 132 P) -1,227 -41 0 P) -38 -22 -4 P) P) -17 n P) -8 -917 -16 trial machinery and equipment 226 -15 96 -27 0 P) n InHne mous- n 2 P) -8 90 P) P) 10 n p) 16 0 7 18 P) P) 0 P) -32 0 P) n P) 2 -378 Electronic and other electric equipment -139 1,019 -32 n p) p) n p) P) P) -35 12 7 -23 85 0 -46 P) -160 -160 -12 P) P) P) P) 83 P) P) 4 P) 22 P) P) 2 -19 P) P) P) P) P) -52 -191 Transportation equipment P) -256 -18 P) 0 P) -47 Other manufacturing Other industries 1,191 2,570 -2 -11,959 2,584 P) P) 0 -499 P) 141 -1,067 P) 10 1,690 21 228 -46 3 154 5 P) 0 0 P) 134 -7,675 P) P) 27 P) P) 2,789 2 P) P) P) P) 501 61 P) P) P) 0 0 P) 415 P) P) P) -133 -61 n P) 6 -58 P) P) -75 16 P) 10 19 16 P) -3 -50 100 -41 3 P) 0 -19 P) Finance (except banking), insurBanking Services ance, and real estate -1,117 -17 0 -30 3 -2 -10 -135 Wholesale trade n P) 137 P) P) P) P) -5 26 -54 204 17 587 43 -842 -965 1,486 P) 202 P) P) P) n n P) n 189 -1 P) 0 P) -14 P) n P) -73 0 -1 14 P) P) 0 -8,146 P) 43 P) 55 316 P) 3 468 26 21 P) P) P) 12 1 24 P) P) 0 0 -538 1,085 -784 3,044 422 680 55 P) P) 558 476 1,012 2 -2,882 245 448 South America Argentina Brazil Chile Colombia Ecuador Peru . Venezuela Other 3,364 851 2,009 482 105 54 P) P) -51 -348 2,189 P) 1,798 P) P) P) P) 160 P) 31 P) -9 -20 P) 45 14 34 P) 1,080 7 1,065 0 361 6 335 P) 15 P) P) -6 0 P) 413 405 P) -$ -1 16 P) -22 P) P) P) P) 0 0 P) 0 0 -63 P) • -96 P) -1 0 0 -15 0 35 14 11 7 3 0 1 P) P) 396 131 P) P) 0 0 8 0 P) P) P) P) P) P) P) P) 0 146 48 P) P) 20 -7 -41 P) 304 -50 P) 2 1 -6 P) -3 -4 Central America Costa Rica Guatemala Honduras Mexico Panama Other 1,016 P) 4 P) P) P) P) -17 P) P) P) -6 -3 P) 1,046 -18 P) 119 P) P) 21 P) P) P) 53 -3 P) -1 P) 2 -1 11 1 P) -2 P) 0 0 0 P) 0 0 0 85 0 P) 621 0 0 0 621 0 0 122 P) P) P) 138 -16 P) -90 0 0 P) P) P) P) p) 0 133 -1 0 0 106 27 0 53 1 1 0 P) P) 3 P) P) -41 -5 4 P) -6 17 P) P) P) 0 0 -6 0 0 0 0 0 0 P) P) 0 0 P) 0 0 0 P) 0 0 0 0 0 0 0 0 0 0 0 0 0 -7 0 0 0 P) P) 3 58 P) P) P) 0 0 P) 0 6 P) P) 0 0 -3,160 P) P) -3,171 0 P) 278 6 P) 7 157 78 21 61 P) P) 0 0 0 P) P) 0 145 4 P) P) -1 P) -4 P) 0 4 1 P) -45 P) P) P) P) P) P) 0 P) P) -11 1 -34 P) P) 473 12 -23 n 1,030 -15 P) Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other -3,295 110 107 •^3,056 P) 133 280 -14 -638 P) Africa Egypt ... Nigeria . South Africa Other .... 527 n 8 P) 27 P) -a fl P) P) P) 0 9 P) 56 -254 600 P) 52 P) 782 P) P) P) 40 P) P) P) P) 988 P) P) 45 P) -1 177 -8 1,058 -74 P) 2 P) 1,022 35 -1 P) -9 11 79 P) -14 P) P) 91 -5,784 2,810 2,813 626 107 -460 49 530 -1,036 232 133 P) P) -716 -106 . n 0 n p) -20 413 P) P) 0 0 P) -9 1 n -11 n -1 -1 15 0 0 n n n P) 11 p) 0 0 0 0 0 0 0 0 0 0 0 -16 0 0 p) p) P) P) P) -1 0 P) n P) 0 0 P) 0 0 0 0 0 0 p) -12 0 P) P) P) 0 29 0 P) n 46 P) 0 0 0 -342 0 0 P) n i 46 0 0 0 n 0 P) n p) -5 -4 P) P) 9 0 -3 -2 0 1 0 0 -8 1 -2 0 n p) n 11 n P) 60 2 P) 47 P) -1 0 p) -3 0 P) 8 P) P) 0 0 p) 0 0 p) 0 3 P) P) 0 p) P) P) 40 P) 10 P) P) 75 4 P) 1 63 P) 9 -8 0 0 0 0 0 0 n 0 p) p) n P) n 0 P) -589 International n P) P) n P) P) P) P) P) P) Asia and Pacific Australia China ... Hong Kong India ..... Indonesia Japan ... Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan . Thailand Other .... 4 P) P) -29 -92 -5 P) 87 P) -264 Middle East , Israel .... Saudi Arabia United Arab Emirates Other .... Addenda: Eastern Europe European Union (15) OPEC P) -183 -14 -777 -440 103 60 -168 P) 32 P) 19 P) P) -13 P) P) 91 -1 -167 P) -37 P) 3 P) 37 ^3 P) 1 -26 P) -11 n n P) -49 -3 -3 5 23 ^363 7 14 -2 9 P) 1 17 -1 88 P) ^3 P) -3 P) P) -5 n 4 P) 1 0 P) 13 18 17 P) 235 P) P) 0 0 P) P) 30 P) 136 -9 P) -29 -2 P) 170 -15 P) ^3 -2 -177 P) 31 P) -8 4 P) n 5 P) 10 0 1 0 P) -1 0 0 65 P) P) 6 -3 -26 14 -4 P) 5 P) -6 12 0 n p) p) 0 p) -5 P) 0 p) 0 -2 P) P) -768 250 6 -99 P) -27 -1,001 P) 12 n 3 14 8 P) P) P) P) P) -142 n p) 24 P) P) -1 P) P) -2 -2 n n p) P) 2 -21 n 3 369 100 2 125 388 P) 34 0 -489 P) 62 P) P) 99 28 P) 93 -2 P) -43 -2,091 4 -17 -80 -1 8 P) 17 P) -77 -9 P) -371 -2 -62 P) 21. -24 -242 -8 P) -1,065 -14 45 1430 P) o -2 0 38 -7,469 P) 26 2,697 -23 38 429 P) 140 © September 1997 SURVEY OF CURRENT BUSINESS Table 15.3.-U.S. Direct investment Abroad: Intercompany Debt Outflows, 1996 [Millions of dollars; inflows (-)] Manufacturing All industries All countries Canada ... Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands 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 Addenda: Eastern Europe European Union (15) OPEC -1,192 233 -2,447 Other industries 5,523 693 2,217 P) -99 P) 99 705 18 P) P) -5 -101 4,309 P) 0 108 P) 14 -163 -122 P) 154 6 P) 17 12 75 838 P) 7 1 P) P) P) 0 -81 P) P) P) 0 0 0 76 79 43 P) P) P) P) P) P) P) P) -20 11 P) -7 -16 -1 P) 84 Banking 651 805 -136 P) 185 74 214 40 -3 6 30 6 -1,743 838 1 -2,136 18 P) P) P) 63 -46 1 -328 -78 -4 P) -20 -6 138 P) P) 25 -44 0 -9 -85 2 P) 0 n P) P) p) P) P) P) P) 13 P) -439 P) 0 P) P) P) P) P) P) P) 65 0 P) -75 P) P) P) 5 P) 38 P) -44 P) -45 n P) P) 105 3 P) P) 22 26 64 50 P) 21 204 67 p) 0 P) 0 n 0 14 0 3,109 P) P) 22 61 69 1 P) 552 P) -35 641 31 490 n 46 p) n 0 P) n P) 19 2 P) 11 P) 0 -1 P) 0 317 P) 50 P) 7 P) P) P) 2 P) p) 1 53 P) P) -15 50 -1 21 7,290 193 -1,164 27 46 -871 -305 P) 393 -528 P) 491 1,090 8 P) 8 P) -3 8 295 P) -953 -189 -31 19 P) -281 -170 P) 17 P) 3 -65 P) -54 -39 182 -239 P) -46 1 -143 P) -792 P) -7 316 0 P) P) P) P) 132 115 0 -75 0 11 61 P) 0 P) P) 33 -8 101 8 99 P) 0 P) -155 P) -96 n P) p) 1,212 923 22 P) 554 44 0 4 38 P) 3 24 P) 39 -69 -146 -557 675 299 -1,140 -241 -982 -194 -636 78 P) P) -3 -64 P) P) -29 81 15 -3 -38 P) P) P) 2 P) n 0 P) 0 0 0 0 0 15 0 P) P) P) P) P) P) P) 45 P) 7 8 P) -13 2 P) 8 P) 10 P) P) P) 150 P) 2 -3 P) -2 P) 3 P) P) P) P) P) P) P) 0 0 0 P) 0 0 P) 14 34 P) P) P) 8 -1 P) 70 -44 1 n 70 P) 0 0 -29 0 0 0 0 0 -30 0 0 0 0 -15 0 P) P) 0 -9 P) P) 0 0 75 P) n P) P) P) P) 0 0 P) P) P) 0 0 0 0 0 0 0 0 P) P) -1 -368 31 P) -64 -98 P) 31 -66 P) 110 0 34 192 P) 2 P) p) P) P) 383 P) 445 41 6,849 153 P) -53 88 53 P) 1,188 international Total Services Wholesale trade 963 Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other Asia and Pacific Australia , China Hong Kong India Indonesia Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Thailand Other, Other manufacturing 8,323 -117 Middle East Israel Saudi Arabia United Arab Emirates Other Transportation equipment Finance (except banking), insurance, and real -1,818 Central America Costa Rica Guatemala Honduras Mexico Panama Other Africa Egypt Nigeria South Africa Other, Petroleum Electronic and other electric equipment InHne inousFood Chemi- Primary trial and and cals and fabri- machinkindred allied ery and cated products products metals equipment P) 29 -21 -257 P) 33 P) 11 1 -132 P) 112 -678 9 P) 17 -40 -115 -12 P) 157 -62 -112 -160 32 59 0 -12 P) P) P) 236 -617 -214 -495 48 P) 17 3 P) -942 P) P) 349 1 P) P) 0 P) 59 P) P) -3 0 0 -11 0 -216 -692 -312 -321 125 P) 6 P) -5 P) 2 0 19 P) 50 P) P) 12 38 384 P) P) 32 P) -95 -96 1 P) P) -2 P) P) 0 P) n 4 P) P) 4 n 0 -502 -111 433 -9 143 52 43 78 68 P) 225 37 84 P) 69 -11 64 17 P) P) -24 2 P) -1 18 0 P) P) 1 136 P) 106 -6 2 P) P) -4 P) -19 -6 P) -26 18 P) P) P) 270 P) n P) n P) -339 -1 317 131 6 P) P) -166 -293 1,136 -126 1,120 P) 1 P) P) 312 P) 540 81 209 195 p) -75 P) n P) p) P) -54 P) P) P) P) n P) 12 11 P) P) 74 P) P) 548 885 57 17 n 0 0 0 P) n -1 P) 70 P) P) 0 48 13 6 -11 P) -2 3 P) P) P) -1 -9 n 1 0 n 1 -178 n -957 n 0 26 P) P) -13 1 P) P) 114 0 0 -351 -46 31 0 P) -7 -22 -14 P) n 0 -103 2 0 0 P) 0 p) p) 0 p) 0 p) P) P) -7 20 -1 P) -42 P) P) P) P) n -10 P) -18 0 0 0 4 0 P) P) -89 P) P) P) P) 0 P) P) 0 0 0 0 0 0 0 0 0 0 8 0 0 P) P) 193 14 6 4 0 175 0 0 P) P) 8 8 P) P) p) P) P) 13 p) 0 0 16 P) P) 30 9 P) -8 0 15 0 11 P) 0 0 n 0 0 P) P) p) 0 n P) -7 P) P) 1 -3 P) 6 2 P) 39 2 -1 P) 1 n -17 P) -18 P) P) -19 0 P) -112 -69 P) P) P) 167 P) 12 P) 7 -97 P) 40 P) n •^344 P) 581 231 n 36 P) P) 0 0 -6 P) 5 P) 2 -11 1 P) 0 0 0 -a 0 0 -7 0 24 0 -252 P) P) 0 -207 0 P) -47 0 -13 P) -35 0 P) 0 P) P) P) P) -35 0 848 P) P) P) 0 P) 16 -15 P) P) P) P) 0 0 P) P) 0 0 76 0 P) 11 P) 0 0 0 -25 P) -29 7 P) P) P) p) P) 0 0 p) 0 p) P) 0 0 P) P) 0 p) P) n 372 -4 278 P) 621 192 P) -623 42 -2 947 -146 19 81 P) P) P) P) 0 -a 1 53 P) 0 P) n p) p) p) -6 P) 299 P) P) 186 0 P) P) 1 P) P) -3 19 4 3 P) 5,839 -195 -122 120 P) 0 86 n n 0 P) 38 -4 8 n 0 P) P) P) 25 P) 27 n 924 479 26 87 7 P) 35 4 P) 140 120 -40 -70 -141 P) (D) P) 908 -199 0 0 534 P) -1 83 P) P) -5 -58 -9 p) 6 P) 0 P) 590 P) P) 103 2,318 n 3 -10 P) 0 0 0 0 0 0 P) 0 0 67 -18 P) 356 201 P) 17 P) -134 P) -33 229 7 217 372 P) 252 -16 -108 -375 n -188 P) P) 45 227 20 39 -112 -18 P) -260 P) 8 P) -8 -1 -53 16 -12 -57 31 P) P) -2 -9 211 P) 56 401 P) 0 -101 P) 3516 0 P) P) 120 -58 85 791 84 September 1997 • 141 SURVEY OF CURRENT BUSINESS Table 16.1.-U.S, Direct investment Abroad: Income, 1994 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands 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 Bahamas 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. Indonesia Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Thailand Other International Addenda: Eastern Europe European Union (12) . OPEC 68,597 5,873 30,468 272 1,462 194 75 1,296 3,107 91 1,557 1,748 1,213 5,081 749 181 679 209 4,309 153 8,082 9 Inrliie Petroleum Total 7,177 642 26,699 3,522 4,690 1,875 9 13 11,007 191 986 40 34 796 1,842 29 1,059 1,129 222 616 72 71 598 65 592 80 2,556 30 6,365 1,920 5 93 20 P) -62 471 P) P) 111 631 8 3 34 -2 701 -235 16,299 7,382 982 4,756 676 324 40 121 321 162 634 3,879 269 38 12 2,497 1,020 42 1,838 47 20 P) 1,681 52 P) 45 1 1,395 280 564 188 363 964 177 318 166 303 13,474 2,392 81 1,852 115 1,343 2,379 428 693 353 419 2,117 568 703 31 77 1 P) 4 1 23 P) 155 8 16 P) P) 1 -1 69 9 23 742 225 497 P) P) 325 4 20 103 197 2,930 545 -54 84 -9 1,139 418 91 302 21 P) 182 6 P) ^3 5,235 949 107 447 25 38 1,083 150 257 70 250 1,257 314 278 10 124 469 n 436 350 1 31 45 0 118 P) 44 60 6 P) 11 406 -105 1,418 912 232 475 P) 66 4 6 70 P) 497 20 3,684 14 792 6 21 443 382 21 461 355 a n \95 ) -4 36 3 802 22 1,503 896 187 321 JQ6 1 40 14 0 13 11 1 61 n -1 14 P) P) 116 P) 187 Transportation equipment Other manufacturing Wholesale trade 2,177 171 3,234 71 3,539 5,324 7,753 1,205 705 238 §47 3 -5 -6 3 1,165 1,101 2,270 34 P) 6 8 135 476 8 205 158 P) 91 4,320 60 43 88 25 513 195 2 123 176 4 425 21 53 -56 22 1,817 6 779 24 -439 99 0 176 354 3 35 6 1 27 17 62 -1 220 -6 146 172 Services 3,785 72 18,302 2,796 733 1,541 10,177 15 233 37 -2 49 407 17 354 223 936 3,285 240 '3,502 3 110 -8 P) -92 8 18 167 fl 70 0 0 87 397 0 1 40 2 24 3 P) 125 2 36 6 194 P) 419 0 9 256 P) 1 18 105 -3 1,252 370 P) P 2 6 1 0 P) 0 946 10 795 P) 306 0 0 0 306 0 0 0 0 0 0 0 0 0 0 0 0 9 1 94 125 P) -2 21 34 86 f\2 40 1,440 Banking 9 -1 53 103 31 -5 59 50 3 4 P) 123 142 34 718 125 1,102 125 42 P) 2 613 -141 24692 2,782 9 26 -237 1416 1,793 4,483 582 3,211 134 276 22 12 229 16 554 P) 8 1 0 51 f) 0 n 1 0 2 1 0 4 130 -1 130 257 146 108 4 -1 15 9944 425 3 1 P) 393 47 1 o(• 68 20 3 -9 -47 3 314 881 207 521 19 101 P) 2 27 P) 571 9 g (*) o 0 743 185 11 5 -13 6 P) 37 1 P) 118 5 8 P) 1 -109 1603 120 £) P) 16 1 1 "o 36 -3 2 33 4 119 P) P 0 0 785 219 12 49 19 22 97 38 17 9 91 28' 142 32 9 12 3591 155 170 P) P) 8 P) 3 1 P) n p) 3 0 (*) 24 P) (*) P) 0 0 0 0 0 0 P) 0 0 n 167 0 5 0 67 0 0 0 67 0 0 -93 0 0 0 0 3 0 n 3 0 9 0 4 P) 0 o 1 0 0 0 -95 0 3 48 P) 23 5 0 13 5 9 P) P) 2 0 145 42 (*) P) 1 2 P) 14 0 -1 -1 0 0 0 6 1 (*) 3 1 114 n 18 p) 1,289 94 2 34 9 1 329 -6 112 n 2 0 n 3 3 0 4 P) -1 631 14 P) 1 1,460 32 P) 224 1 2 266 -6 166 P) 13 552 110 26 (*) P) 261 21 -6 463 5 P) 994 -6 11 P) P) 48 0 16 9 0 3 4 0 (*) Q 0 0 -35 103 P) •j •j P) -173 19 0 -1 2 7 5 0 0 -3 992 40 1,030 108 769 23 44 5 4 78 n 345 8 P) 1 328 P) P) 64 0 0 i!) P) 2 0 P) T 55 0 -1 P) P) 7 9 -1 0 -1 1,320 287 132 77 23 23 8 3 11 10 n 787 595 656 69 396 162 10 0 -1 22 -2 602 9 583 12 n 0 484 20 40 288 P) -4 3 2 Q 77 15 85 1,387 •fl 1 3 0 P) 119 1 P) P) 1 14 2 643 26 P) 270 -2 P) 2 0 17 547 248 (*) 579 805 P) 3,455 53 23 2,762 i!) n 39 P) 0 •|7 40 2040 90 24 2345 52 3 24 o 7 1 P) 1 271 P) 43 19 P) 0 P) 172 0 P) P) 855 P) (*) 244 -111 108 p. 50 153 43 74 57 20 1240 139 47 -5 P) P) 1 40 -37 -1 P) -1 -7 27 -8 P) -22 P) 11 -3 18 7 n 1 22 31 37 0 7 P) 210 55 3 8 32 2,085 427 5 29 38 45 194 38 360 86 0 390 P) 59 P) 12 24 P) 1,779 235 18 581 11 5 497 53 37 19 26 61 169 63 6 847 275 8 468 25 338 P) P) Other industries 25 5 -5 68 1,520 0 2,950 59 5,497 29 5,038 336 306 3,243 90 105 58 62 775 64 403 144 111 P) 39 12 NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. 6,839 712 Finance (except banking), insurance, and real estate Elec- InQUStronic Chemi- Primary Food trial and and cals and machin- other and fabri- ery and kindred allied cated electric products products metals equip- equipment ment h P) 80 1 514 P) 130 P) 7 P) 116 88 10 4 P) 1,677 369 13 274 4 20 525 -1 24 34 P) 327 8 n 169 -5 P) 187 -1 3 P) 2 4 0 14 10 0 0 3 3 P) 141 P) 2 26 4 0 P) P) 5 5 -3 7 -5 114 0 0 10 104 50 1 29 20 13 P) 4 P) 3 204 77 -3 12 P) P) 795 P) n 7 26 3 11 2 106 14 16 -1 P) 8493 116 0 1 210 45 n 210 0 P) 36 1 A 34 30 14 17 -15 95 P) 44 211 142 • September SURVEY OF CURRENT BUSINESS Table 16.2.-U.S, Direct investment Abroad: Income, 1995 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands 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 Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other Africa &•Africa South 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. International Addenda: Eastern Europe Eurooean Un on (15) OPEC Petroleum Total Food and kindred products 87,448 8,812 9,730 745 35,065 5,526 4,728 597 8,877 1,365 4,373 4,494 880 308 165 41,320 415 1,808 256 199 2,728 4,783 85 2,348 2,117 1,294 6,890 666 237 1,209 407 3,993 195 11,384 304 15,221 2,373 1 35 P) 15,996 221 1,058 64 95 1,656 1,773 2 70 46 4,973 15 846 7 37 691 495 -2 307 2,524 7 30 -6 5 132 580 22 830 255 0 302 139 0 15 40 -1 55 7,245 947 3,515 1,024 476 100 366 625 192 3,195 332 41 21 1,369 1,397 35 4,781 45 425 2,728 115 76 32 156 1,084 120 1,861 311 777 177 596 1,393 251 586 184 372 18,542 3,402 172 2,189 112 1,679 4,117 695 1,038 551 532 2,434 686 814 119 300 111 36162 4,047 H 44 367 P) 149 2 194 552 8 17 P) 79 P) 982 -193 1,008 586 162 71 £ 70 P) 89 15 100 1 P) 4 14 35 P) 322 -6 17 P) -1 ^ 131 10 P) 1,072 245 718 P) P) 479 4 15 113 348 4,001 1,104 -103 65 -8 1,255 365 P) 418 88 P) 363 8 P) 42 2,851 P) 1,628 1,290 P) 1,249 45 100 950 147 505 96 3,515 245 5,903 4,640 507 2,998 285 348 19 25 431 28 1,067 P) 21 P) 900 46 9 196 60 (*) 2 90 25 3 14 48 8 396 n 466 347 P) 41 37 0 242 P) 16 19 396 -70 1,304 1,111 227 639 9 n 3 63 P) 187 18 121 n 7 6 0 1 1 0 2 1 0 2 155 0 1 30 164 65 100 8 961 57 1,565 1,014 173 650 30 99 4 18 36 5 450 7 2 0 391 8 101 0 0 1 36 P) 2 5 2 34 n -1 -25 2 P) 318 298 P) 185 8 3 1 P) n P) 1 0 n 42 P) P) 0 0 0 0 0 0 p) 0 0 82 6,786 1,165 222 440 57 18 1,678 233 505 106 330 1,280 401 328 23 0 896 307 -4 8 -10 5 369 27 1 P) 115 7 11 10 P) P) -5 4 39 P) P) 19 P) 0 0 1,162 288 14 29 33 23 224 55 32 17 131 34 220 49 12 151 48 -3 P) (*) 196 15,105 765 -74 1,651 132 13 4807 295 20 438 20 198 458 P) P) 3 1 1 1 n 0 n p) p) 11 2 6 3 0 31 2 0 5 3 18 b P) 571 0 39 293 n 165 1 3 112 53 109 2 1,001 8 217 214 -1 205 2 -1 0 0 10 0 55 0 0 0 55 0 0 -62 0 0 0 0 0 0 n -52 0 28 0, 16 6 4 1 n 0 3 1,292 101 1 49 41 A 10 17 1 0 388 P) P) P) 1,907 P) (*) g P) 129 362 n 309 331 -1 172 Transportation equipment 3,952 1,726 7,277 915 P) P) 3,409 19 P) 2 P) 178 Q 0 26 148 0 1 67 3 21 1 P) 48 P) 201 P) -74 -141 P) -157 1 5 1 0 P) 0 P) P) 0 0 -24 0 5 P) 0 (*) o 1 0 0 0 P) 0 P) H 3 P) P) P) 1 0 0 2,305 30 218 260 -2 2 317 51 391 8 44 802 140 44 n Finance (except Wholebanking), Other Services sale Banking insurmanutrade ance, facturing and real estate 1 22 -53 15 .1,058 1,080 -10 790 (°) P) o 184 0 -22 0 0 0 -22 0 0 0 0 0 0 0 0 0 0 0 0 34 n 5 P) n n 1 1,543 703 8 394 267 P) 293 4 5 85 42 834 119 1,513 1,065 87 687 73 79 P) 3 134 P) 363 19 P) 1 336 8 85 37 0 (*)' 1 0 P) P) 4 44 0 -1 24 21 220 113 8 1 1 6 7 2 0 -3 761 277 -13 P) -6 8 22 ft 66 0 P) 0 9 P) V 0 65 23 36 23 23 26 0 0 0 3,815 284 3,002 661 14,573 61 230 53 -1 347 843 P) 634 129 P) 4,228 40 4 35 P) 1,569 -1 5,210 38 5,571 2,479 66 318 48 P) 99 218 6 2 148 2 649 -212 436 105 165 49 P) 3 3 576 82 294 152 P) 0 88 17 47 P) 222 0 1,270 4 1 2,889 67 1,107 -1 P) P 1 30 139 20 7 66 20 2 123 97 -22 38 -23 14 -6 15 9 360 P) P) -1 P) 85 1 654 -110 303 265 9 P) 0 17 n 42 9 5 78 4 16 P) P) 2,392 319 5 719 -2 18 825 165 43 18 50 85 63 77 7 -198 1,941 2,314 8 2,405 14 P) 1770 -4 P) 876 167 119 3159 141 18 3347 81 Other industries 23,757 990 9,191 539 5,003 59 127 47 63 558 356 10 P) 382 P) 553 22 49 67 65 1,605 10 1,007 18 1,137 -2 93 51 291 186 319 n p) 10 {*) P) 1 -339 115 (*) o n (*) 1 -262 P) 14 21 P) P) 8 64 0 P) -23 1,318 162 n 265 59 0 P) -7 2 21 1,243 5 5 -1 0 1 -1 3,725 -6 P) 2,297 204 9 P) 149 n n 1 1 1,272 P) 191 R 5 P) 159 P) P) 9 16 2,273 430 P) 372 n 126 107 143 42 28 812 -6 8 56 P) 428 33 P) 9 45 763 176 41 12926 186 9 140 13 P) 56 98 119 P) 535 -2 297 n ( 3 P) 2 -1 2 16 9 0 2 5 49 9 36 3 1 689 110 0 71 5 14 274 P) i*) P) ri 128 55 -7 1 51 NOTE.—In this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. ElecIndustronic Chemi- Primary trial and and cals and fabri- machin- other allied cated ery and electric products metals equip- equipment ment -2 2304 48 6 -Q P) -6 9 P) 2 -47 -8 16 P) 2 -15 -7 23 0 -157 11 987 796 -24 -38 448 -2 -5 290 37 89 172 -3 n P) 232 8 18 0 P) 8 3 8 -1 P) 129 0 0 19 110 105 10 P) 5 P) 1,082 112 P) 258 0 9 -7 P) 255 11 24 20 13 -5 248 11 -225 479 SURVEY OF CURRENT BUSINESS September 1997 • 143 Table 16.3.-U.& Direct Investment Abroad: Income, 1996 [Millions of dollars] Manufacturing All industries All countries Canada Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands Norway Portugal Spam 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 Bahamas Baibados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Otrer Africa Egypt Nigeria 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, International Addenda: Eastern Europe , European Union (15) OPEC 95,067 8,642 46,183 421 1,743 168 207 3,322 4,286 96 2,813 1,843 892 7,991 1,148 291 988 575 4,685 116 13,862 738 17,404 7,691 1,064 3,879 870 589 91 372 662 165 4,606 297 59 -2 2,931 1,281 42 5,106 181 511 3,305 118 50 -54 283 697 15 1,963 377 777 112 696 1,458 237 386 202 634 18,937 2,979 492 2,281 94 2,048 3,950 868 1,173 526 589 2,311 627 899 101 480 497 39,496 4,359 Petroleum 11,960 1,330 3,261 8 P) 8 62 462 4 8 1 274 955 5 5 P) 100 P) 1,076 -9 1,145 900 185 178 P) 232 59 P) 131 15 45 1 P) 16 -35 P) 201 12 P) -3 P) 1 n 144 18 -1 1,321 315 750 3 254 676 5 14 123 535 4,008 813 53 75 -6 1,543 216 P) 403 100 P) 361 9 P) 45 Total 34,975 4,350 17,065 244 1,061 11 129 2,179 2,606 P) 1,767 1,294 P) 1,310 90 87 730 356 629 67 3,965 302 6,499 4,396 619 2,932 178 320 24 24 293 6 1,870 45 21 27 1,736 32 9 233 7 17 2 P) "^ 253 27 14 66 146 242 180 93 P) P) 6,566 1,089 318 271 28 38 1,742 417 614 81 379 935 356 306 -8 ElecIndus- tronic trial Chemi- Primary Food and and cals and fabri- machin- other and kindred allied cated ery and electric products products metals equip- equipment ment 4,684 496 1,675 1,004 120 436 -505 70 330 1 320 2 -1 0 0 8 0 -662 200 14 1,030 167 612 41 113 13 17 65 3 730 5 (*) 1 691 P) 1 P4 37 0 419 481 4 51 49 0 120 P) 7 -100 5 P) 17 329 19 1,688 1,451 281 984 P) 98 -3 2 P) 3 183 543 -1 -16 3 3 306 2 0 Q 3 21 n -1 (*) p) P) 134 34 P) P) P) 3 A n P! pi 0 37 0 P) P) (*) o 2 2 0 -4 79 1 (*) (*) (*) Q 0 745 192 -15 7 -5 4 313 42 1 P) 152 P) 8 P) P) 192 6 0 D P) 16 0 P) 8 52 -7 4 39 16 67 P) P) 0 P) 964 267 -6 12 31 20 121 61 29 23 130 16 198 54 10 s P) n 0 0 0 0 0 ^ P) 0 27 1 n 2 23 11 P) P) P) 0 120 53 -1 P) 2 2 20 -7 -1 P) 3 23 -1 P) -1 4,579 299 2,532 1 33 -3 P) 356 426 0 8 184 121 2,166 50 35 -2 P) 102 114 295 1 593 299 1 143 57 87 -3 P) 142 7 167 n 1192 '-3 a P) P) P) 3 4 P) 0 0 106 0 0 0 106 0 0 P) P) 0 0 124 0 2 8 P Other manufacturing 3,429 1,413 6,903 978 701 3,343 tt 0 n 95 3 0 3 4 38 2 22 362 P) 1 5 34 1,053 896 • 17 688 P) P) \ ) 110 0 157 0 0 0 157 0 0 0 ^0 0 0 0 0 0 0 0 0 0 0 1 11 28 0 0 0 0 0 (*) 5 0 -10 6 5 1 1 0 3 1,305 64 28 P) 25 (*) 730 9 57 n 0 293 -7 P) 1 o n 0 1 0 0 0 6 175 175 1 0 0 2,406 24 P) 191 -10 P) 417 183 431 7 51 550 141 74 n 0 P) 2 1 n 1 0 0 234 233 8 1 -9 P) -27 19 0 P) 0 P) 2 (*) 0 a 9 10 138 818 P) 362 223 P) 166 -2 11 36 95 77 44 976 P) 1,754 1,180 124 846 43 49 3 5 109 1 475 12 8 Q P) 6 100 0 0 D p) 1 0 0 p* 54 31 -18 -17 1 0 -1 791 257 P) 46 -5 -2 168 110 96 24 43 34 15 31 P) Wholesale trade 9,272 457 4,965 71 202 17 28 599 300 6 229 293 0 548 27 88 116 5 1,477 19 900 42 1,462 179 46 34 P) P) 11 9 44 20 521 P) -2 1 145 P) 1 761 36 375 348 -3 P) P) 0 -7 n 16 1 n 17 -1 94 P) 24 44 P) 2,278 277 98 667 15 P) 671 150 48 P) 65 81 84 87 6 (except Banking banking), insurance, and real estate 3,767 27,797 86 1,368 -2 P) 1 1,408 16,997 66 218 32 1 459 738 25 575 121 662 4,963 34 48 46 106 2,344 -2 6,489 72 0 -52 115 P) 3 51 P) 15 P) 98 P) 111 30 610 254 Services 3,997 481 2,265 34 104 P) 33 64 212 1 181 P) 2 772 32 33 61 71 6 , -17 440 556 83 304 44 P) 3 -5 P) 49 6,516 750 120 351 233 5 1 396 Q P) 5 P) 148 0 1,849 3 73 113 34 1 651 1,192 P) 3,916 146 74 2,779 -263 -24 n 0 P) 1 n 3 -271 P) 43 20 9 2 12 160 0 P) P) P) 1,669 338 1 256 42 P) 13 154 P) P) 70 251 127 179 41 n 1 -67 4 969 11 220 5 P) P) 152 9 2,504 233 14 667 -4 32 1,113 P) 25 38 62 283 -10 17 115 35 66 n 4 0 n 0 72 1 n 208 -3 22 144 n 3 0 2 41 n 28 14 0 6 8 48 8 33 4 4 778 70 -2 12 24 12 143 32 P) 8 P) 405 52 0 1 -10 2,247 2,839 Other industries 3,299 530 261 R 0 9 11 -147 1 -8 123 -5 P) -68 8 18 -2 222 95 945 795 -24 14 361 -5 -7 240 100 P) P) 198 P) 12 50 8 1 P) P) P) P) P) P) 82 P) 0 86 P) 51 -3 P) 1,133 159 9 334 -5 319 52 -4 -16 267 -3 -5 8 20 -2 262 218 257 15,977 407 19 1,476 9 NOTE-In this table, unlike in the international transactions accounts, income is shown net of withholding taxes and without a current-cost adjustment. 4,374 10,001 860 6,105 13 796 -26 37 762 580 30 765 439 0 707 1 14 222 221 211 -10 1,291 52 1,952 Transportation equipment 13 5,852 138 34 487 21 -3 2,437 13 p) 1,906 21 34 648 99 P) 3,171 107 29 3,399 132 77 959 197 64 14,549 184 -18 2,211 49 97 154 551 SURVEY OF CURRENT BUSINESS 144 • September 1997 Table 17.-U.S. Direct Investment Abroad: Country Detail for Selected Items [Millions of dollars] Direct investment position on a historical-cost basis 1992 All countries Canada Europe Austria Belgium Denmark Finland France Germany Greece Ireland Italy Luxembourg Netherlands Norway ., Portugal Spain Sweden Switzerland Turkey United Kingdom Other Albania Azerbaijan Bosnia and Herzegovina Bulgaria Croatia Cyprus Czech Republic1 Czechoslovakia2 Estonia Gibraltar Greenland , Hungary Iceland Kazakhstan Latvia Liechtenstein Lithuania Malta Poland Romania Russia Serbia Slovakia1 Slovenia Ukraine Uzbekistan Latin America and Other Western Hemisphere South America Argentina Brazil Chile Colombia Ecuador Peru Venezuela Other Bolivia French Guiana Guyana Paraguay Suriname Uruguay Central America Costa Rica Guatemala Honduras Mexico Panama Other Belize El Salvador Nicaragua Other Western Hemisphere Bahamas Barbados Bermuda Dominican Republic Jamaica Netherlands Antilles Trinidad and Tobago United Kingdom Islands, Caribbean Other Antigua and Barbuda Aruba Cuba Dominica French Islands, Caribbean Grenada Haiti St. Kitts and Nevis St Lucia St, Vincent Africa Egypt ,. Nigeria South Africa Other .. Algeria Angola 1994 1993 502,063 68,690 248,744 1,371 11,381 1,676 343 25,157 33,003 372 7,607 13,015 2,031 20,700 3,825 1,290 8,757 1,881 28,698 732 85,176 1,729 0 P) o 0 0 24 t>iti 141 0 P) 3 254 30 o 345 0 P) 191 16 94 P) _3 0 0 564,283 69,922 285,735 1,312 11,697 1,735 414 24,312 36,811 410 9,019 12,748 5,611 20,911 3,757 1,264 6,689 2,374 33,056 995 109,208 3,411 0 P) 640,320 78,018 320,135 2,100 14,381 1,869 621 28,204 38,467 435 7,832 15,298 6,289 29,558 4,879 1,559 9,043 2,605 30,100 837 121,321 4,737 6 P) 0 0 32 157 2 5 41 269 o 0 P) 3 1,053 34 P) 0 359 0 13 427 25 280 139 261 25,579 274 115 239 13,730 11,038 182 0 P) 100,482 31,210 4,442 16,772 2,749 2,930 555 622 2,362 778 191 P) H 64 163 285 28,092 298 139 159 15,221 12,043 233 9 P) A P) 36,969 4,167 340 26,736 779 892 -1,989 565 5,401 75 5 P) P) (*) 106 2 31 41,180 3,138 471 28,666 1,039 1,049 -62 691 5,544 645 5 430 P) 91,307 28,760 3,327 16,313 2,544 3,053 295 620 1,972 636 122 1995 n 4 114 2 30 1 P) 2 4,469 1,334 301 879 1,955 52 P) 5,469 1,510 478 900 2,581 P) P) o P) P) o 1,044 37 P) P) 357 P) P) 600 46 411 Capital outflows (inflows (-)) 1992 1993 1994 1995 1996 77,247 3,584 45,914 -6 675 141 117 85,115 8,435 45,292 548 2,519 85,560 6,875 50,565 2,766 21,758 167 1,156 121 40 1,498 10 4 7 77 P) 68,507 5,873 30,468 272 1,462 194 75 1,296 3,107 91 1,557 1,748 1,213 5,081 749 181 679 209 4,309 153 8,082 9 © H 0 5 4 10 95,067 8,642 0 0 10 21 59,381 3,959 26,660 220 1,025 113 28 1,319 3,064 91 1,755 1,246 403 2,389 677 193 53 -70 4,296 214 9,680 -36 0 P) 0 0 0 13 -8 87,448 652 4,566 279 25,355 1,669 0 P) 68^72 6,760 28,785 658 1,986 191 116 2,586 2,217 12 -37 2,351 411 6,331 427 262 1,398 262 1,236 46 7,177 1,157 18 P) 6 'n (H 0 399,632 2,902 18,604 2,171 1,033 34,000 44,259 506 11,749 18,687 6,377 44,667 18,931 92 778 -29 28 3,857 1,754 75 1,191 1,159 217 -1,562 P) " P) o 1,494 41 P) P) 353 38 961 6,103 1,854 11,393 7,629 35,751 1,025 142,560 8,361 P) 243 4 8 0 99 380 P) P) Q 1,910 44 P) P 374 P) 18 933 63 1,311 P) 24 P) P) P) 144,209 185 392 233 431 30,529 567 132 186 16,169 13,207 268 33,688 870 152 191 15,980 16,216 278 P) 141 P) 47,650 1,806 755 29,980 394 1,402 2,877 845 8,941 649 6 P) P) P) 161 3 37 1 38,905 1,205 217 145 18,747 18,256 336 5,606 1,397 435 990 2,784 135 575 1996 360,994 2,777 17,969 2,123 825 32,950 44,226 424 8,400 17,587 5,857 39,344 5,133 1,755 10,770 7,339 33,532 948 122,767 6,269 4 199 0 P) o 159 319 4 1995 42,647 2,068 P) P) 115,093 37,123 5,436 18,400 4,601 3,283 730 890 2,870 912 264 47,441 2,809. 470 29,833 345 1,256 2,383 725 8,860 760 6 P) P) 1 121 3 34 1994 796,494 91,587 P) P) P) P) 128,252 46,914 7,496 23,706 5,878 3,352 833 1,279 3,220 1,150 384 fi p) 1993 717,554 85,441 53 371 8,383 1,388 706 1,275 3,014 229 648 Income 1992 1996 52,153 8,060 26,166 6,745 3,468 855 2,075 3,592 1,193 311 A P) 53,151 2,021 865 33,783 465 1,675 3,594 1,057 9,008 683 7 402 4 45 1 7,568 1,647 978 1,437 3,506 600 P) -374 175 1,468 -17 3,260 134 6,215 509 0 P) Q 0 0 -18 112 0 P) (*) 152 D n 0 -36 0 P) 178 9 19 P) -1 0 0 12,751 3,981 558 2,054 106 406 12 -3 692 155 -4 0 P 2 44 81 1,846 -147 5 -16 1,320 677 8 P) 6,924 510 156 2,828 131 137 3,572 55 -87 -377 1 P) P) (*) 12 0 10 -84 65 -271 118 4 45 P) -495 4,263 67 1,506 1,427 3686 1&8 1,235 140 -759 o Q -111 156 5,726 4,373 -37 807 2,720 P) P) -70 132 3 Q P) (*) P) P) 121 23 144 14 0 -4 195 17 222 0 P) 16,895 5,463 1,079 3,263 198 4 253 -8 555 120 66 17 12 3,253 38 31 -51 2,516 668 51 9 P) 8,179 508 132 3,995 217 173 2,334 122 125 573 1 569 P) n 8 1 3 837 -32 187 72 610 P) Pi P) P) 19,010 7,543 931 3,517 1,554 368 182 231 644 116 76 P) P 3 -13 33 4,840 263 21 40 3,674 817 32 P) 6,626 114 65 1,525 -19 220 2,331 71 2,578 -258 1 P) P n 7 3 955 98 3,307 479 611 7,140 1,034 179 1,124 446 3,049 176 18,310 2,041 P) 45 4 P) -438 8,420 357 209 1,182 9,673 2,984 185 4,515 1,506 -2 P) Q Q -3 -3 55 ............<. 0 P) (*) 777 4 45,274 166 578 122 237 5,221 9 -42 .. ,_ P) P) Q 525 3 P) P -11 P) P) 205 -4 530 19 373 P) P) P) P) 14,753 10,012 2,291 4,899 1,406 195 136 317 554 215 118 © R • 4 21 59 3,993 261 22 13 2,955 765 -23 P) P) v) P) 14,299 5,795 415 3,064 994 138 25 800 390 -31 £ 9 P) P) 748 -454 248 190 55 150 512 120 16 -90 1 P) P) P) 14 1 1 1 1 332 -98 41 154 236 120 101 P) 0 445 3 P) P 7 873 -31 290 336 278 95 93 -157 47 50 4,115 337 67 -31 2,747 931 64 4,389 -311 123 3,225 71 275 642 211 154 -2 1 -10 P) 12 n 7 2,761 87 1,817 1,790 202 3,062 660 155 867 -19 2,711 143 4,587 -47 0 P) o 0 0 9 -14 0 P) (*) -75 D n 0 29 0 P) -7 5 -2 P) P) 0 0 12,073 4,264 518 2,325 359 457 9 30 487 80 13 2 11 4 14 36 3,601 211 22 2,457 909 32 1 23 8 4,208 756 299 2,090 216 125 -417 161 946 32 1 P) P) (*) 13 (*) 3 1 n 1 1,221 253 263 258 448 374 P) 1,172 343 620 156 53 P) P) (*) 13 3 Q 18 0 -9 -17 15 -26 8 1 -1 0 0 14,275 6,850 660 4,946 256 314 12 17 542 104 18 1 7 6 23 49 3,562 150 30 4 2525 833 40 1 33 6 3,843 33 303 3,040 235 22 94 3 P) -2 20 P) -2 58 18 Q Q 140 3 271 3 98 -2 13 P) -4 -7 P) -1 159 16 P) -3 -1 2 P) 15,221 3,679 269 38 12 2,497 1,020 42 8 6 5,038 336 306 3,243 3 n 14 ( 1,226 244 571 174 237 -24 P) 2 P) -101 13 1 5 1 i' Q P) P P) -8 -1 1 -3 16,299 7,382 982 4,756 676 324 40 121 321 162 46 1 15 7 28 64 66 499 32 1 9 -3 n 8 2 46,183 421 1,743 168 207 3,322 4,286 96 2,813 1,843 892 7,991 1,148 291 988 575 4,685 116 13,862 738 -4 -67 4 -1 0 6 50 -177 90 105 58 62 775 64 1 44 -5 -387 8,812 41,320 415 1,808 256 199 2,728 4,783 85 2,348 2,117 1,294 6,890 666 237 1,209 407 3,993 195 11,384 304 -4 P) 6 1,395 280 564 188 363 24 P) 7,245 947 3,515 1,024 476 100 366 625 192 42 1 P) 13 P) 80 3,195 332 41 21 1,369 1,397 35 a1 4,781 45 425 2,728 115 76 32 156 1,084 120 1 P) P) 2 9 1 9 1 1 1,861 311 777 177 596 87 P) n 93 19 -8 P) 1 1 8 P) 17,404 7,691 1,064 3,879 870 589 91 372 662 165 20 1 P) 21 P) 68 4,606 297 59 -2 2,931 1,281 42 3 41 -3 5,106 181 511 3,305 118 50 -54 283 697 15 1 P) 2 8 0 J 1,963 377 777 112 696 43 P) SURVEY OF CURRENT BUSINESS September 1997 • 145 Table 17.-U.S. Direct Investment Abroad: Country Detail for Selected Items-Continued [Milions of dollars] Direct investment position on a historical-cost basis 1992 Botswana Burkina Cameroon Chad. Congo Cote D'lvoire Djibouti Equatorial Guinea Ethiopia Gabon Ghana Guinea Kenya Lesotho Liberia Libya Madagascar Malawi Mali Mauritania Mauritius Morocco Namibia Niger, Rwanda Senegal Sierra Leone Somalia Sudan Swaziland Tanzania Togo Tunisia Uganda Zaire Zambia Zimbabwe Middle East Israel Saudi Arabia United Arab Emirates Other Bahrain Iran Jordan Kuwait Lebanon Oman Qatar Syria . Yemen Asia and Pacific Australia China Hong Kong India Indonesia Japan Korea, Republic of Malaysia New Zealand Philippines Singapore Taiwan Thailand Other, Bangladesh Brunei Burma Federated States of Micronesia FIJI French Islands, Indian Ocean French Islands, Pacific Laos Macau Marshall Islands Pakistan Palau Papua New Guinea Solomon Islands Sri Lanka Tonga United Kingdom Islands, Pacific Vanuatu Vietnam Western Samoa International -101 2 263 59 1994 2 4 7 2 253 1 221 1 251 19 P) 4 244 122 g 43 3 4 232 117 15 4 1 5 157 143 28 4 P) P) 142 169 219 2 208 2 181 3 179 3 212 268 P) 3 3 P) 3 77 0 3 2 13 Q P) 266 P) 16 3 P) 3 81 0 3 2 13 P) 90 283 P) 4 3 P) 8 90 2 6 2 16 P) H -27 O P) 228 P) 17 3 P) 3 111 0 2 2 22 P) P -72 P) -1 4 173 (D) 4 a a a a 5 35 8 255 P) P* 3 P) (*) 122 0 -2 2 25 0 H -74 P) P) 30 7 35 35 109 33 8 54 45 127 58 52 144 62 143 89 73 211 5,759 1,335 2,351 8,571 1,604 2,587 6,741 1,336 2,623 7,669 1,662 3,245 8,743 1,886 3,098 526 660 789 2,103 -156 2,971 429 524 1,644 1,856 2,255 P) P) n P) n PI 20 P) 8 100 P) P) 695 121 ^ 19 408 910 79,962 16,928 92,671 19,047 563 916 8,693 484 4,384 26,591 2,912 1,596 3,314 1,666 6,715 2,827 2,594 696 45 10 37 0 4 245 5 193 . , , 0 9 4 -1 49 0 1 3,131 81 P) -30 B M -5 160 255 407 806 -1 125 454 382 742 191 742 P) 809 10,063 111,373 20,217 1,637 13,481 125,834 25,003 2,127 14,206 599 781 838 4,864 31,095 3,427 1,975 3,064 1,953 8,875 3,113 2,943 6,042 36,524 4,009 3,133 3,695 2,263 11,526 3,720 3,615 6,607 38,406 5,169 4,200 4,845 2,531 12,689 4,210 4,315 737 g 730 i -2 7 42 0 4 4 255 A 0 10 4 -1 P) 9 689 25 Te 9 31 g 334 366 48 -3 65 -4 (*) g P) -11 0 14 4 -1 0 o 1 P) 1 3,433 3,355 286 2 140,402 28,769 2,883 16,022 1,139 7,571 39,593 5,510 5,277 5,519 3,349 14,150 4,509 5,254 857 g 33 102 P) 0 6 382 1 13 n 16 -1 P) o 4 1 2,981 P) 60 1 4,352 1994 1993 24 1 281 67 Income Capital outflows (inflows (-)) 1992 1996 1995 1 P) \} _4 1. Prior to 1993, data were included in Czechoslovakia, 2. Prior to 1993, included data for Czech Republic and Slovakia. 1993 4 P) P) «4 1 -60 -20 ( 3 -1 P) 2 0 P) (*) 7 0 1 n -6 -61 17 \ D PJ -3 2 3 J 8 & 8 4 -63 25 3 -2 3 4 P) 12 {*) pf (*) 19 P) -10 2 P) -3 4 n g g 24 P) -36 1 -8 8 23 846 510 45 73 217 -35 P): 1 3 P) 2 1 -55 -10 0 (*) (*) _2 A1 24 11 22 775 260 254 84 177 9 P) 3 9 5 1992 1996 1995 n 6 n 3 n 5 P) r) I P) g 7 18 242 129 23 -11 100 13 £0 ny\ 2 (*) P) P) -18 25 P) 33 6 P) 1o {*) P) (*) 12 0 -4 n •j P) P) -48 P) P) -2 P) 21 9 20 905 352 620 116 -182 -280 P) P) -7 41 236 -2 21 3 8 11 -1 P) P) -85 49 -26 26 P) P) (*) P) -1 13 0 -4 n P) H P) v ) 15 P) 12 9 70 2 JB -7 3 -4 1 6 4 ~3 2 2 1 -7 4 3 1 4 3 26 37 ( 2 -2 P) (*) (*) _5 ( 6 -1 -5 -2 1 -5 0 0 1996 2 P) 8 -21 P) n n 15 n n 4 o 2 -fl 1 11 9 20 1,028 221 256 259 291 55 1 1 p. n 15 1 (*) Q -2 -4 n 2 -5 1 15 1 -2 n 5 3 4 P) -13 79 3 -12 P) 2 1 13 12 21 875 259 249 124 244 53 1 3 1 8 9 28 964 177 318 166 303 85 1 2 -4 P) 3 2 S fD\ fD\ g 8 g 11 1 (*) P) P) 7 75 g g g g 242 135 817 94 P) P) 55 1995 6 1,044 -150 1994 1993 24 1 _3 3 n -6 1 17 0 -4 (*) 5 -4 P) -12 P) •j 2 2 16 9 P) -3 3 0 4 4 22 0 -3 (*) g -3 -10 P) 4 n 17 14 12 25 2 16 11 35 1,393 1,458 251 586 184 372 -14 1 2 237 386 202 634 88 1 4 36 P) 16 7 40 4 29 4 66 274 P) 66 P) -3 53 68 24 -6 64 61 18 -8 43 130 32 65 P) 197 P) P) 246 18,937 2,979 149 8 -42 216 -218 -40 198 -24 -64 7,391 1,437 8395 1,981 13,121 32 15,241 6,450 14,752 3,789 11,483 2,234 12,117 2,271 13,474 2,392 18,542 3,402 74 556 725 585 799 2 126 81 172 1,914 1,366 2,396 1,003 2,120 1,852 52 806 683 88 475 167 184 701 72 115 112 94 1,343 2,379 1,679 4,117 2,048 3,950 1,625 2,006 2,384 -1Q1 -129 293 377 392 134 -443 369 546 567 715 374 1,282 1,743 1,789 108 516 222 173 285 6 712 747 -31 -10 P) 9 P) 4 11 0 (*) 49 1 100 0 1 n M 51 0 n _2 6 0 ^ -7 9 0 1 (*) i!) P) Q 4 4 6 -3 -4 1 61 -a 0 3 (*) v ) 1,369 337 862 1,079 1,022 1,817 868 1,029 573 1,855 66 1,509 1,979 1,262 1,801 2,189 492 2,281 256 635 647 143 666 210 369 1,039 1,425 1,539 2,117 2,434 453 737 333 951 186 411 435 65 422 462 88 568 703 31 686 814 119 627 899 101 4 26 7 25 6 36 4 38 5 32 1,007 -139 P) 23 P) -44 P) P) 1 7 13 -1 (*) ^ 23 1 -1 P) c) n n P) 0 P) 745 340 22 -384 n i fD\ fD\ 266 699 186 407 1,932 428 693 353 419 -9 •| 48 •j 40 2 5 2 9 1 2 1 3 1 -19 0 2 ^1 0 2 (*) (*) P) 0 3 n 1 2 0 n 1 n n n o n (*) (*) -19 -2 2,096 284 269 124 300 Q n 35 (*) 46 (*) 2,311 1 6 11 -2 20 3 P) 0 P) 63 526 589 6 7 -2 1 6 0 0 1 27 i 9 1 868 1,173 Q 3 7 -3 8 0 n 1 551 532 -2 2 53 P) 1 695 1,038 n 2 7 P) V) 480 NoiE.-ln this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes. SURVEY OF CURRENT BUSINESS 146 • September 1997 Table 18.—U.S, Direct Investment Abroad: Industry Detail for Selected Items [Millions of dollars] Direct investment position on a historical-cost basis 1992 1994 1995 1996 502,063 58,537 31,188 All Industries Petroleum Oil and gas extraction Crude petroleum extraction (no refining) and natural gas Oil and gas field services Petroleum and coal products Integrated petroleum refining and extraction Petroleum refining without extraction Petroleum and coal products, nee Petroleum wholesale trade Other Petroleum tanker operations Petroleum and natural gas pipelines Petroleum storage for hire Gasoline service stations 1993 564,283 64,175 640,320 67,104 717,554 70,229 796,494 75,479 34,822 32,106 2,716 20,540 37,978 35,745 2,232 20,939 11,810 8,998 131 9,313 2,000 827 269 210 43,139 39,267 3,872 20,572 11,715 8,716 142 9,558 2,209 858 350 208 794 227 253 627 186,285 192,244 211,431 694 250,253 272,564 21,141 4,774 3,842 932 5,790 10,578 305 988 3,048 6,237 25,858 5,124 4,218 907 8,107 12,627 330 1,287 2,937 8,073 29,588 5,968 3,919 2,049 9,214 14,406 382 1,504 3,024 9,497 32,439 7,025 4,500 2,525 9,422 15,992 440 1,284 3,032 11,236 36,179 7,606 4,769 2,837 10,580 17,994 382 1,809 3,357 12,445 44,784 18,762 13,022 6,907 1,018 5,077 18,327 13,321 7,708 1,081 5,185 49,128 20,604 13,038 7,937 1,306 6,243 62,151 22,461 21,295 9,727 1,809 6,859 24,859 25,173 9,687 2,006 7,704 9,641 2,923 387 2,536 6,718 1,390 1,928 9,937 2,900 659 2,240 7,038 1,296 ,1,948 10,017 2,707 667 2,040 7,310 1,363 1,955 12,032 3,081 715 2,366 8,951 1,608 2,253 13,603 3,244 745 2,711 854 2,939 3,064 1,021 4,068 930 4,410 33,716 507 3,581 22,139 7,489 1,269 1,101 1,420 1,687 1,451 561 35,020 683 3,823 21,687 8,827 1,646 1,232 1,390 1,729 1,633 1,197 18,872 12,370 6,085 417 6,514 1,964 856 Food and kindred products Grain mill and bakery products Grain mill products Bakery products Beverages ........... Other Meat products ... Dairy products . Preserved fruits and vegetables .. Other food and kindred products , Chemicals and allied products Industrial chemicals and synthetics Orugs Soap, cleaners, and toilet goods Agricultural chemicals Chemical products, nee Primary and fabricated metals Primary metal industries Ferrous Nonferrous Fabricated metal products Metal cans, forgings, and stampings Cutlery, hand tools, and screw products Heating and plumbing equipment and structural metal prodyets Fabricated metal products, nee, ordnance, and services . Industrial machinery and equipment Farm and garden machinery Construction, mining, and materials handling machinery Office and computing machines Other „. Engines and turbines ... Metalworking machinery Special industry machinery General industry machinery and equipment . Refrigeration and service industry machinery Industrial machinery and equipment, nee Electronic and other electric equipment Household appliances Radio, television, and communication equipment Electronic components and accessories Electronic and other electric equipment, nee Transportation equipment Motor vehicles and equipment Other manufacturing Tobacco manufactures Textile products and apparel Textile mill products .... Apparel and other textile products Lumber, wood, furniture, and fixtures Lumber and wood products Furniture and fixtures .. Paper and allied products Pulp, paper, and board mills Other paper and allied products Printing and publishing .... Newspapers Miscellaneous publishing Commercial printing and publishing Rubber products Miscellaneous plastics products Glass products Stone, clay, and other nonmetallic mineral products Instruments and related products Measuring, scientific, and optical instruments Medical instruments and supplies and ophthalmic goods Photographic equipment and supplies Other Leather and leather products Miscellaneous manufacturing industries Wholesale trade Durable goods Motor vehicles and equipment Lumber and other construction materials Professional and commercial equipment and supplies Metals and minerals Electrical goods Hardware, plumbing, and heating equipment and supplies Machinery, equipment and supplies, nee Duiable goods, nee Nondurable goods Paper and paper products Drugs, proprietaries, and sundries Apparel, piece goods, and notions 135 238 782 36,197 33,818 2,378 20,871 12,389 8,131 350 8,057 1,979 824 133 220 802 2,599 27,617 12,966 7,198 377 7,269 1,544 390 26,927 302 1,723 18,024 6,878 1,505 742 1,356 2,499 10,359 2,765 2,253 419 26,781 549 2,149 16,053 8,029 2,203 805 1,356 1,804 1,352 510 15,922 1,450 3,157 8,470 2,845 16,842 1,234 3,682 9,312 2,614 19,925 306 4,690 11,153 3,276 25,242 673 5,967 13,912 4,690 29,519 1,103 6,139 16,164 6,114 25,423 24,330 1,093 22,957 21,736 1,221 29,420 28,083 1,336 33,972 32325 l!648 33,543 31,593 1,950 41,756 44,100 4,666 2,106 1,135 971 2,066 1,464 602 9,885 3,599 6,287 2,003 46,572 4,175 2,442 1,407 .1,036 2,229 1,431 797 10,635 4,127 6,508 2,189 15 1,869 305 4,619 4,197 1,750 2,545 9,634 1,605 4,471 3,558 2,158 -38 2,156 50,701 4,123 2,721 1,866 855 1,848 1,250 598 12,640 4,883 7,757 2,1.61 28 1,781 352 5,152 3,942 2,169 2,816 11,238 2,070 4,383 4,785 1,890 -35 1,928 55,270 4,144 2,823 1,941 883 2,082 1,314 62,608 67,222 40,159 72,462 42,796 2,200 132 2,114 18,857 6,514 1,419 673 1,303 1,557 1,109 453 3,724 2,095 1,021 1,074 1,291 693 598 11,282 5,046 6,236 1,809 16 1,484 309 3,419 3,034 1,465 2,405 9,442 1,764 4,213 3,465 1,790 6 1,784 52,694 32,615 1,617 -36 16,773 1,103 4,652 ., 2,375 20,078 677 5,510 1,443 1,691 1,165 327 4,011 3,747 1,560 2,666 9,512 1,769 4,414 3,329 1,879 81 1,871 57,534 35,564 1,463 30 17,659 1,225 4,989 674 6,900 2,625 21,970 624 6,533 1,880 37,073 1,820 30 17,518 1,512 5,805 679 6,947 2,761 25,536 917 7,834 2,022 2,093 35 16,602 1,817 7,652 749 8,407 2,804 27,062 637 8,176 2,805 769 13,526 4,963 8,563 2,422 152 1,816 455 5,583 3,868 2,288 3,041 12,736 2,137 5,665 4,934 2,756 -1 2,791 77 16,385 2,023 8,852 768 9,234 3,258 975 9,367 3,288 Income Capital outflows (inflows (-)) 1992 1993 1994 1995 42,647 71 71 -69 140 -174 -816 597 44 -67 241 101 -63 11 193 16,868 3,811 831 595 236 1,255 1,726 -19 214 187 1,344 5,209 1,384 1,939 1,040 137 708 587 118 7 112 469 46 322 77,247 5,539 3,206 2,972 233 1,486 713 819 -47 942 -95 -152 2 -4 59 18,522 6,088 551 505 46 1,911 3,625 37 323 418 2,847 4,247 588 1,860 1,152 152 495 752 298 414 -116 454 -74 214 68,272 1,690 1,312 1,206 106 -94 -595 497 3 427 45 55 -1 -30 21 23,953 3,764 85,115 2,437 2,247 -16 116 -1,058 -175 -107 -1,082 307 32 121 129 89 -2 -62 526 -189 130 441 144 4,316 4,232 84 3,477 227 277 275 61 55 5 1,127 524 604 363 -4 383 -16 342 -13 28 -67 1,012 116 924 -28 119 5 120 5,372 2,283 -615 -21 1,190 82 1,287 36 -8 332 971 379 225 755 139 -205 602 219 32 44 54 144 23 -77 1,052 -228 620 729 -70 1,734 1,302 431 3,894 1,314 56 200 -143 187 95 92 -420 -757 338 273 2 243 27 698 475 97 277 724 32 442 250 212 -5 207 5,700 3,824 45 63 2,604 119 510 63 81 338 1,877 -75 849 518 1,338 362 976 599 1,827 60 267 249 1,251 4,992 1,976 1,246 979 266 525 819 91 -17 107 728 35 300 209 184 2,010 103 272 720 915 586 70 8 107 69 75 2,867 164 547 1,491 666 5,993 5,769 224 3,508 -277 277 217 60 209 99 110 988 317 670 206 4 202 437 81 61 480 -31 328 183 237 -2 243 6,325 3,190 279 -1 905 354 805 12 363 472 3,134 117 733 227 1,980 267 -718 -911 154 38 616 292 -6 158 18 42,531 2,871 704 417 287 689 1,478 69 45 115 1,249 18,477 2,127 13,055 2,451 242 603 1,935 918 95 823 1,017 169 365 72 412 5,286 -40 1,047 3,950 329 -569 95 140 234 86 343 4,995 -145 1,169 2,6.06 1,364 4,636 4,197 439 4,330 -180 271 248 23 289 239 50 1,549 622 928 183 11 155 18 766 288 291 50 853 154 311 387 -29 2 -27 8,511 6,307 119 11 2,377 201 1,868 76 1,481 174 2,204 39 234 529 1992 85,560 6,144 6,464 4,258 2,206 -932 -6 -951 25 357 255 27 103 3 123 28,530 3,280 1994 1995 1996 68,597 7,177 4,498 4,450 48 1,305 840 448 16 1,191 183 32 5 5 142 1993 87,448 9,730 6,085 5,842 243 2,069 1,101 952 16 1,370 204 7 27 19 152 35,065 4,728 1,123 830 293 2,272 1,333 36 86 494 717 8,877 2,947 3,498 1,307 166 959 1,365 443 45 397 922 107 320 95,067 11,960 8,441 7,976 464 1,837 1,025 806 7 1,415 266 63 68 14 121 34,975 4,684 597 388 209 2,240 1,847 76 419 4,373 77 504 3,047 745 199 25 109 204 119 57 4,690 877 635 243 2,111 1,702 51 224 437 532 253 280 697 2,051 -21 533 356 1,183 7,835 1,937 158 235 1,041 2,303 2,340 1,367 122 707 4,464 5,009 123 -4 127 34 134 728 107 292 4,886 4,283 -28 535 2,016 157 592 116 1,151 279 110 32 46 149 535 4,513 490 275 2,483 1,265 714 415 299 5,163 684 212 178 34 420 -6 426 486 -163 649 278 124 61 93 447 266 176 243 1,450 151 1,204 95 501 -2 499 7,048 3,744 114 36 421 215 1,307 -20 1,082 590 3,304 325 1,401 536 1,227 97 233 2,177 -113 352 1,335 602 196 74 56 120 106 50 3,234 82 1,093 1,811 248 3,539 3,333 206 5,324 871 157 155 344 312 32 559 64 494 349 6 340 3 801 399 125 138 1,369 150 659 560 213 2 216 7,753 3,683 424 1 885 30 1,195 86 638 423 4 '9 °3 1,552 361 229 1,030 2,809 426 3,952 3,572 381 7,277 1,057 225 228 -3 233 145 87 1,896 1,015 881 329 10 303 16 788 464 346 227 1,484 166 704 613 228 3 226 9,191 4,950 356 28 1,461 120 1,673 98 763 450 4,241 29 1,412 483 3 452 474 919 10,001 3,161 4,313 1,286 284 956 1,004 86 43 43 918 340 253 4,579 97 371 3,283 828 127 113 117 228 121 122 4,374 247 400 2,862 866 3,429 3,079 350 6,903 1,334 211 175 36 159 -28 187 1,357 323 1,033 231 2 209 20 818 361 250 259 1,700 231 682 787 222 220 9,272 4,721 458 31 946 59 1,702 142 911 472 4,551 60 1,966 628 SURVEY OF CURRENT BUSINESS September 1997 • 147 Table 18.-U.S. Direct Investment Abroad: Industry Detail for Selected Items-Continued [Millions of dollars] Direct investment position on a historical-cost basis 1992 Groceries and related products Farm-product raw materials Nondurable goods, nee Banking Finance (except banking), Insurance, and real estate Finance except banking Business franchising Insurance .,.,...... Life insurance Accident and health insurance Other Real estate . Holding companies Services .......... Hotels and other lodging places . Business services . Advertising Equipment rental (ex. automotive and computers) Computer and data processing services Computer processing and data preparation services Information retrieval services Computer related services nee Business services nee Services to buildings Personnel suoolv services Other Automotive rental and leasing Motion pictures, including television tape and film Health services . Engineering, architectural, and surveying services Management and public relations services Other . Automotive parking, repair, and other services Miscellaneous repair services Amusement and recreation services Legal services Educational services . Accounting, auditing, and bookkeeping services Research, development, and testing services Other services provided on a commercial basis Other Industries Agriculture forestry and fishing , Agricultural production crops Agricultural production livestock Agricultural services Forestry Fishina huntina and traoDina Mining ... „..„ „„..„ „ „ Metal mining Iron ores Copper lead zinc gold and silver ores Other metallic ores Metal mining services Nonmetallie minerals Coal Coal mining services Nonmetallic minerals, except fuels Nonmetallic minerals services, except fuels Construction Transportation Railroads Water transportation Transportation by air Pipelines except petroleum and natural gas Passenger transportation arrangements Transportation and related services nee Communication and public utilities Telephone and telegraph communications Other communications services Electric gas and sanitary services Retail trade General merchandise stores Food stores Apparel and accessory stores Eating and drinking places Retail trade nee .... i w i w v i n i v i wwppij w v i w i w w w 1,606 1,758 9,085 24,653 137,186 32,248 185 32,063 19,488 3,720 1,630 14,138 2,435 83,014 17,208 1,451 7,975 2,025 739 3,426 1,030 291 2,105 1,785 147 102 1,537 1,577 1,659 218 837 1,717 1,773 50 248 229 242 127 140 557 181 25,500 748 329 170 22 3J403 595 2,295 446 67 2,179 1,619 0 558 3 1,099 3,612 -3 2,201 54 0 23 1,337 5,633 4,144 341 1,149 8,825 1,829 1,079 386 8 1993 1994 1995 1,930 1,828 9,176 27,074 2,154 2,191 10,418 2,874 1,628 1.0,942 26,693 213,175 74,385 583 73,803 26,884 4,389 2,918 19,578 1,549 110,357 28,123 228,744 74,369 589 73,780 33,221 5,033 3,744 24,444 1,352 119,803 26,734 2,294 13,829 2,328 2,089 7,006 1,672 263 5,071 2,406 151 435 1,819 2,428 1,174 363 1,050 2,139 3,457 60 251 895 106 58 161 590 1,337 32,769 2,343 15,669 2,505 2,293 7,852 822 373 6,657 3,018 162 587 2,269 3,493 1,540 226 1,085 3,470 4,943 45 213 1,067 124 76 145 539 2,734 32,575 807 241 187 40,213 859 193 278 174,684 57,110 478 56,632 23,439 4,594 2,306 16,539 1,094 93,042 19,489 1,269 10,031 2,102 881 4,770 1,324 292 3,154 2,278 159 371 1,747 1,629 1,382 236 1,053 1,743 2,147 53 250 255 88 77 -5 601 828 29,083 705 377 54 1996 3,214 1,971 10,849 32,504 257,213 90,242 917 89,325 37,274 6,052 4,069 27,152 1,203 128,493 fi 3J20 616 2,710 377 17 2,283 1,790 0 490 3 1,145 4,216 29 2,866 28 0 33 1,260 7,611 5,613 356 1,641 9,403 1,813 1,145 281 4,177 1,986 8,211 6,240 680 5,142 327 91 1,972 1,520 0 449 3 1,268 4,477 52 2,479 "o i£ 8,661 5,540 704 2,416 9,152 1,932 693 478 4,393 1,656 9$ 7,130 731 6,068 344 -12 2,249 1,756 0 489 3 1,036 4,759 60 2,341 240 1 45 2,073 14,133 7,241 589 6,302 10,047 2,497 818 571 4,340 1,821 NOTE.—In this table, unlike in the international transactions accounts, income and capital outflows are shown without a current-cost adjustment, and income is shown net of withholding taxes. 36,673 2,615 18,650 2,941 2,858 10,067 1,236 346 8,485 2,783 167 663 1,953 4,191 1,432 312 1,238 3,016 5,220 47 167 1,057 142 88 155 978 2,586 49,600 766 26 254 6 414 67 11,014 8,335 798 7,003 461 74 2,679 2,208 468 3 1,132 4,424 165 2,800 P) (°) 1,381 20,382 9,279 761 10,342 11,882 2,860 1,253 895 4,950 1,925 Income Capital outflows (inflows (-)) 1992 1994 1993 -30 1995 299 -23 308 375 344 1,338 1,285 13,283 7,198 27 7,172 779 81 181 518 305 5,000 1,673 41,358 26,707 187 26520 1,710 13,081 1,786 22,982 9,009 114 8,896 2,868 159 367 2,343 561 10,543 2,216 141 619 273 -12 134 203 9 -78 224 -9 14 219 780 259 27 66 197 127 1,959 24 1,024 172 115 568 472 10 86 169 16 2 151 115 5,613 979 2,387 161 103 1,812 161 91 1,561 310 -9 44 275 533 -121 -137 -133 1,308 8 -75 60 -15 4 83 39 3,552 101 -85 30 -13 514 8 416 91 -2 -113 -120 0 7 it -116 557 1,269 -140 22 301 8 586 4 -2 20 44 -7 -106 -3 635 2,497 -89 -33 -65 -301 -174 12 39 -216 -10 -127 -91 0 -36 n 62 1,001 -4 706 -2 0 15 287 958 755 165 38 1,041 161 62 40 275 34 233 5 0 13 -11 2,131 1,712 102 317 418 -81 8 8* -173 45 -58 389 1,475 5 -4 582 18 -11 165 59 661 5,924 125 -90 2,102 2,292 50 2,260 -86 68 -190 -273 0 82 n 69 477 17 44 T 2^ 2,854 1,468 159 1,227 298 197 56 60 441 -456 1996 353 149 899 714 12,109 -432 •82 -514 4,563 588 469 3,506 ^329 8,306 7,702 249 3,433 138 259 2,894 495 174 2,225 141 13 110 18 1,012 353 -303 3 1,359 1,597 3 3 115 18 29 13 -8 1,423 11,113 -26 -45 16 1,082 817 '61 779 17 -39 265 235 0 30 s;> 2248 6 -118 1992 350 354 338 1,329 28,985 11,903 437 11,465 3,533 897 514 2,122 -79 13,627 3,644 115 2,728 425 578 1,888 243 -36 1,681 -162 9 90 -261 648 25 11 131 -378 363 3 -43 26 18 17 22 448 -127 9,880 -176 -220 -23 <2 •A "8 12,667 2,375 27 2,348 1,055 153 278 625 ^3 9,270 1 '1? 703 266 6 321 116 26 179 109 -7 12 104 62 159 27 182 109 88 1 -138 4,158 1,126 52 226 335 274 239 2,889 23,757 6,438 124 6,314 3,267 560 465 2,241 99 13,954 1,809 8 919 272 71 454 142 33 279 123 12 2 109 143 375 36 201 206 -78 -2 2,796 -12 2,037 213 203 1,489 135 51 1,303 132 5 45 82 178 307 47 148 168 -79 -5 -104 11,723 1,223 -15 -38 13 1 4 4 351 297 30 165 114 -11 53 -12 0 66 2,085 11 -8 203 11 0 4 153 10 107 26 0 6 5 355 99 -54 310 479 -89 40 33 -9 214 10 0 7 -175 6,322 2,303 3,785 18,302 3,540 151 3,389 3,143 222 382 2,539 1,873 ^39 -60 31 A 47 K 3,725 15,643 4,039 32 4,007 1,710 34 334 1,342 -58 9,951 4 14 -19 70 3 521 374 -21 168 613 38 69 <Q 89 1996 401 211 1,705 4 -6 10 67 -100 96 454 1995 395 407 1,262 -19! 44 1,930 156 41 357 379 0 -22 n 157 1994 497 166 710 12 17 24 47 -2 508 374 50 160 165 -1 135 49 0 86 -11 360 8,504 2,255 -65 6,315 1,092 486 122 147 202 136 127 379 818 2,234 1993 n 128 -199 474 351 -85 208 274 -170 -163 8 -39 17 n 21 5 908 825 56 712 61 -4 83 8 0 75 n 186 8 3,815 23 2,412 294 184 1,536 41 52 1,443 398 32 88 277 236 406 63 155 317 202 2 11 -17 20 11 15 24 137 3,002 10 -56 28 1 37 439 231 1,226 3,767 27,797 8,069 8 <S 504 2,837 w8 3,997 70 3,120 334 211 2,270 192 19 2,059 305 a 169 276 290 27 109 44 63 3 9 18 20 14 13 -200 185 3,299 -122 -142 1,388 11 4 6 -1 1,467 1,317 1,220 38 1$ 117 ijfi 18 56 0 85 n 199 356 15 258 <i 84 94 -218 -122 434 814 -91 116 65 (°) (D) (°) 150 87 0 63 18 238 51 288 P) n fi 231 -188 655 891 -139 226 74 8 SURVEY OF CURRENT BUSINESS 148 • September 1997 Table m-U.S. Direct Investment Position Abroad on a Historical-Cost Basis and Direct Investment Income, by Industry of Affiliate and by Industry of U.S. Parent [Millions of dollars] 1994 By industry of affiliate Position M Industries Petroleum Manufacturing Food and Kindred products Chemicals and allied products Primary and fabricated metals Industrial machinery and equipment Electronic and other electrical equipment Transportation equipment Other manufacturing Wholesale trade Banking Finance (except banking), insurance, and real estate Services Other industries . . . 4 . 640,320 67,104 211,431 29,588 49,128 10,017 26,781 19,925 29,420 46,572 62,608 26,693 213,175 26,734 32,575 1996 1995 By industry of U.S. parent Income Position Income 68,597 640,320 7,177 98,948 9ft ftOO £0,099 348,409 4,690 48,842 6,839 86,678 896 16,677 2,177 58,869 3,234 33,297 3,539 46,866 5,324 57,180 7,753 10,569 3,785 38,463 18,302 82,566 2,796 17,007 2,085 44,338 By industry of affiliate Position 68,597 717,554 9,183 70,229 42,930 250,253 7,299 32,439 13,162 62,151 1,314 12,032 5,349 33,716 3,537 25,242 6,834 33,972 5,434 50,701 1,289 67,222 4,644 28,123 5,360 228,744 1,588 32,769 3,603 40,213 By industry of U.S. parent Income Position Income 87,448 717,554 9,730 99,044 35,065 403,383 4,728 54,549 8,877 102,359 1,365 21,793 4,373 67,320 4,494 46,575 3,952 53,392 7,277 57,395 9,191' 12,680 2,889 40,108 23,757 83,774 3,815 21,664 3,002 56,900 By industry of affiliate Position 87,448 796,494 13,231 75,479 54,190 272,564 7,795 36,179 16,353 69,430 2,764 13,603 8,577 35,020 6,149 29,519 6,160 33,543 6,392 55,270 1,639 72,462 4,017 32,504 7,115 257,213 2,634 36,673 4,622 49,600 By industry of U.S. parent Income Position Income 95,067 11,960 34,975 4,684 10,001 1,004 4,579 4,374 3,429 6,903 9,272 3,767 27,797 3,997 3,299 796,494 105,849 442,293 60,424 111,975 24,415 72,846 55,367 54,007 63,258 14,909 45,491 94,532 26,741 66,680 95,067 14,990 54,872 8,585 16,476 2,343 9,466 6,487 5,672 5,844 1,683 5,634 9,468 3,236 5.184 Now Available! New information on foreign-owned U.S. establishments! FOREIGN DIRECT INVESTMENT IN THE UNITED STATES: Establishment Data for 1992 This publication presents the results of a project that links the enterprise, or company, data on the U.S. affiliates of foreign companies from the Bureau of Economic Analysis with the establishment data for all U.S. companies from the Bureau of the Census. It presents the following detailed information on foreign-owned U.S. establishments for more than 800 industries at the Standard Industrial Classification (SIC) four-digit level and by State and by country of owner: • Number of establishments • Employment • Payroll • Shipments or sales FOREIGN DIRECT INVESTMENT IN REUNITED STATES tofor1992 Additional information that includes the following items is presented for manufacturing establishments: • Value added • Employee benefits • Hourly wage rates of production workers • Expenditures for plant and equipment This publication also includes a methodology that provides the definitions and a description of how the link was done. These data are also available on diskette. For more information, call (202) 606-9827, or fax (202) 606-5318. Superintendent of Documents Publications Order Form Order Processing Code: *7135 Charge your order.! It's Easy! [ To fax your orders (202) 512-2250 I YES, please send me the following: .copies of FOREIGN DIRECT INVESTMENT IN THE UNITED STATES: Establishment Data for 1992, S/N 003-010-00265-4 at $28.00 each. The total cost of rny order is $. . Prices include regular domestic postage and handling and are subject to change. For privacy protection, check the box below: I _ (Company or Personal Name) (Please type or print) I Do not make mt name available to toher mailers Please Choose Method of Payment: I I Check payable to the Superintendent of Documents (Additional address/attention line) [ GPO Deposit Account ] (Street address) I I VISA or MasterCard Account I | I I I I I I I K (City, State, ZIP Code) | | | (Credit card expiration date) (Daytime phone including area code) (Purchase Order No.) (Authorizing Signature) Thank you for your order! 7/97 Mail to: Superintendent of Documents P.O. Box 371954, Pittsburgh, PA 15250-7954 An essential too I for economic and industrial planners REGIONAL MULTIPLIERS: A User Handbook for the Regional Input-Output Modeling System (RIMS H) Third Edition This handbook is a guide to the RIMS II multipliers that are widely used to analyze the economic and industrial impact of public and private projects and programs on State and local areas. RIMS II was developed by the Bureau of Economic Analysis to estimate regional multipliers for the nearly 500 industries in the national input-output table. The multipliers are available for any county or for any group of counties. RIMS II multipliers have been used to estimate the total impact of a wide range of projects on output, earnings, and employment in an area. For example, the multipliers have been used to estimate the impact of • The construction and operation of a sports arena • The construction and operation of an airport The opening or closing of a manufacturing plant • The closing and conversion of a military base to a factory The third edition of this handbook presents detailed information on the data that the users must have in order to effectively use the five types of RIMS II multipliers. This handbook also details the uses of the multipliers, provides case studies of these uses, and describes the methodology used to prepare the multipliers. RIMS II multipliers are only available on diskette. For ordering information, call the Regional Economic Analysis Division at (202) 606-5343, or send e-mail to RIMSREAD@BEA.DOC.GOV. Superintendent of Documents Publications Order Form Order Processing Code: Charge your order. It's Easy! To fax your orders (202) 512-2250 *7135 I i YES, please send me the following: copies of REGIONAL MULTIPLIERS: A User's Handbook for the Regional Input-Output Modeling System (RIMS II), Third Edition, S/N 003-010-00264-6 at $6.00 each. The total cost of my order is $ (Company or Personal Name) . Prices include regular domestic postage and handling and are subject to change. For privacy protection, check the box below: | | Do not make my name available to other mailers Please Choose Method of Payment: (Please type or print) I I Check payable to the Superintendent of Documents (Additional address/attention line) GPODepositAccount (Street address) I I I I I I I hfl VIS A or MasterCard Account (City, State, ZIP Code) | | | | I (Credit card expiration date) (Daytime phone including area code) (Purchase Order No.) (Authorizing Signature) Thank you for your order! 06/97 Mail to: Superintendent of Documents P.O. Box 371954, Pittsburgh, PA 15250-7954 SURVEY OF CURRENT BUSINESS September 1997 Contents D-l BE A C U R R E N T AND H I S T O R I C A L D A T A National, International, and Regional Estimates This section presents an extensive selection of economic statistics prepared by the Bureau of Economic Analysis and a much briefer selection of collateral statistics prepared by other Government agencies and private organizations. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are provided through the courtesy of the compilers and are subject to their copyrights. BEA'S data are available at three web sites: The Federal Statistical Briefing Room (FSBR) on the White House web site (https//www.whitehouse.gov/fsbr) provides summary statistics for GDP and other major aggregates on its output, income, and international statistics pages; BEA'S web site (http t //www.bea. doc. gov) provides summary tables and charts on BEA'S national, international, and regional data; and the Commerce Department's STAT-USA (http://www.stat-usa.gov) provides detailed BEA databases and news releases by subscription. Information about STAT-USA'S Economic Bulletin Board (EBB) and Internet services may be obtained at the web site or by calling (202) 482-1986 (voice). The tables listed below present annual, quarterly, and monthly estimates, indicated as follows: [A] Annual estimates only; [Q] quarterly estimates only; [QA] quarterly and annual estimates; [MA] monthly and annual estimates. National Data A. Selected NIPA Tables: [QA] 1. National product and income. D-2 2. Personal income and outlays. .D-6 3. Government receipts, current expenditures, and gross investment D-7 4. Foreign transactions ..... D-n 5. Saving and investment D-13 6. Income and employment by industry........... D-i6 7. Quantity and price indexes D-17 80 Supplementary tables D-24 Bo Other NIPA and NiPA-related tables: Monthly estimates: [MA] B.i. Personal income. D-27 B.2. Disposition of personal income................ D-27 Annual estimates: [A] 6.3. GDP by industry.., D-28 6.4. Personal consumption expenditures by type of expenditure ... D-29 B.5. Private purchases of structures by type D-30 B.6. Private purchases of producers' durable equipment by type D-30 6.7. Compensation and wage and salary accruals by industry D-3i B.8. Employment by industry, D-32 6.9. Wage and salary accruals and employment by industry per full-time equivalent D-33 B.io. Farm sector output, gross product, and national income D-34 B.n. Housing sector output, gross product, and national income D-34 B.i2. Net stock of fixed private capital, by type (*) C. Historical tables: [A] C.i. Historical estimates for major NIPA aggregates C.2.-C.7. Growth rates of selected components of real GDP D. Domestic perspectives [MA,QA]... D-35 0-38 .....D-40 D-42 D-48 International Data F. Transactions tables: F.i. U.S. international transactions in goods and services [MA] D-50 F.2. U.S. international transactions [QA] D-5i F.3. Selected U.S. international transactions, by area [Q] D-52 F.4. Private service transactions [A].................D-55 G. Investment tables: G.i. International investment position of the United States [A] D-56 G.2. USDIA: Selected items [A] (*) G.3. Selected financial and operating data for nonbank foreign affiliates of U.S. companies [A] D-57 G.4. FDIUS: Selected items [A] (*) G.S. Selected financial and operating data of nonbank U.S. affiliates of foreign companies [A] 0-58 H. International perspectives [MA, QA] ^-59 I. Charts D-6i Regional Data J. State and regional tables: J.i. Total and nonfarm personal income [QA].... D-62 J.2. Percent of personal income for selected components [A] D-63 J.3. Per capita personal income and disposable personal income [A] D-64 J.4. Gross state product [A] D-65 K. Local area table * These tables are not included this month because they would duplicate data shown elsewhere in the issue; for more information, see the headnotes to the corresponding sections (on pages D-28, D-56, and D-62). E. Charts: Selected NIPA series Other indicators of the domestic economy (*) L. Charts D-66 Appendixes Appendix A: Additional information about BEA'S NIPA estimates: Statistical conventions Reconciliation tables [QA] D-68 D-69 Appendix B: Suggested reading D-70 D-2 • National Data September 1997 SURVEY OF CURRENT BUSINESS National Data A. Selected NIPA Tables The tables in this section include the most recent estimates of gross domestic product and its components; these estimates were released on August 28,1997 and include the "preliminary" estimates for the second quarter of 1997. The selected set of NIPA tables shown in this section presents quarterly estimates, which are updated monthly. In most tables, the annual estimates are also shown. Most of the "annual only" NIPA tables were presented in the August 1997 SURVEY OF CURRENT BUSINESS. Tables 8.20-8.26 are presented in the section "Newly Available Tables" elsewhere in this issue. The remaining "annual only" tables—tables 3.15-3.20 and 9.1-9.6—are scheduled to be published in the October SURVEY. The selected NIPA tables are available electronically on the day of the gross domestic product (GDP) news release by subscription from STAT-USA'S Eeoiiomic Bulletin Board and Internet services; for information, call (202) 482-1986. The tables are also available on printouts or diskettes; for subscription information, write to the National Income arid Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC 20230 or call (202) 606-9700. National Product and IncomeTable 1,1—Gross Domestic Product Table 1.2,—Real Gross Domestic Product [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1995 1996 1996 I 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 Net exports of goods and services Exports Goods Services ^ Imports Goods Services Government consumption expenditures and gross investment Federal National defense Nondefense State and local II IV I 4,957.7 608.5 1,475.8 2,873.4 5,207.6 634.5 1,534.7 3,038.4 5,105.8 5,189.1 5,227,4 626.7 638.6 634.5 1,508,1 1,532.3 1,538.3 2,970.9 3,018.2 3,054.6 1,038.2 1,008.1 723,0 200.6 1,116.5 1,090.7 781.4 215,2 1,060.5 1,049.4 760.7 2057 1,105,4 1,082.0 769.3 210.6 522.4 566.2 545,0 558.7 285.1 309.2 298.8 312.7 25.9 1,149.2 1,112.0 798.6 217.7 5,308.1 5,405,7 5,433,2 638.2 658.4 644.5 1,560.1 1,587.4 1,578.2 3,109.8 3,159.9 3,210.4 1,151.1 1,193,6 1,119.2 1,127.5 807.2 811.3 227.0 227.4 580.9 580.2 313.5 312.0 1,242.8 1,161.6 837.6 227.2 583.9 610.5 316.2 324.0 11.1 23.4 37.1 -66.0 -94.8 -83.0 818.4 870.9 850.2 583.9 617.5 606.1 234.6 253.3 244.1 904,5 966.7 933.2 757.5 809.0 778,4 146.9 156.7 154.8 -93.8 865.0 613.9 251.1 958.7 802.9 155.8 -114.0 863,7 609,7 254.0 977.6 820,2 157.6 -88.6 -98.8 -89.3 904.6 922.2 968.7 640.5 656.2 690.3 264.2 266.0 268.4 993.2 1,021.0 1,047.9 634.6 855.8 879.8 158.6 165.2 166.1 1,406,7 1,384,2 1,407.0 1,413.5 520.0 516,4 524^6 521,6 352.8 348,4 357.3 354,8 167.3 168.0 167.3 166.8 886.7 867.8 882.4 891.9 1,422.3 1,433,1 1,448.5 30.1 1,355.5 509.6 344.6 166.0 846.0 31.9 517.6 350.6 167.0 904.7 66.1 I 81.2 516.1 526.2 343.3 350.6 172.8 175.6 917.0 922.3 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 Net exports of goods and services Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment Federal National defense Nondefense State and local Residual 1997 1996 1996 II 7,265.4 7,636.0 7,467,5 7,607,7 7,676.0 7,792.9 7,933.6 8,035.2 NoiE.-Percent changes from preceding period for Selected items in this table are shown in table 8.1. 1995 1997 III II III IV I II 6,742.1 6,928.4 6,826.4 6,926.0 69438 7,017.4 7,101.6 7,165.1 4,595,3 583.6 1,412.6 2,599.6 4,714.1 4,669.4 611.1 600.7 1,432.3 1,422.5 2,671.0 2,646.5 4,712.2 614.8 1,431.6 2,666.5 4,718.2 611.9 1,433.9 2,672.8 4,756.4 617.1 1,441.2 2,698.2 991,5 1,069.1 1,012.2 1,059.2 1,100.3 1,104.8 962.1 1,041.7 1,001.5 1,035.7 1,060.9 1,068.7 706.5 771.7 736.9 759.7 789.3 800.8 179.9 188.7 182.1 185.6 190.0 196.9 4,818.1 4,830.0 637.8 629.0 1,457.8 1,449.5 2,723.9 2,750.9 1,149.2 1,079.0 808.9 195.9 1,198.9 1,112.6 838.5 193.9 528.3 586.0 557.4 577.1 602.9 606.7 616.6 650.4 257.0 272.1 266.1 277.2 274.1 271.1 273.3 278.0 27.3 25.0 8.0 21.3 37.9 32.9 63.7 77.7 -98,8 791.2 573.9 218.0 890.1 749.2 141.2 -114.4 857.0 628.4 229.9 971.5 823.1 149.0 -100.8 828.2 605.2 224.0 929.0 781.4 147.8 -112.6 847.4 619.2 229.3 960.0 811.7 148.8 -138.9 851.4 623.0 229.4 990.2 841.7 149.3 -105.6 901.1 666.2 236.8 1,006.6 857.5 150.0 -126.3 922.7 686.2 238.9 1,048.9 891.3 158.4 -132.7 965.0 729.9 239.5 1,097.7 937.7 161.3 1,251.9 1,257.9 1,243.2 1,265.1 1,261.5 1,261.8 1,260.5 470.3 464.2 460.9 470.7 465.7 459.6 452.8 322.6 317.8 314.9 323.2 319.4 313.6 303.9 147.5 146.1 145.7 147.2 146.0 145.7 148.5 781.6 793.7 782.4 794.4 795.9 802.3 807.7 .1 -.9 -2.4 -3.8 -2.9 .6 -1.6 1,270.0 460.4 309.5 150.4 809.7 •^.3 NoiE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. Percent changes from preceding period for selected items in this table are shown in table 8.1; contributions to the percent change in real gross domestic product are shown in table 8.2. September 1997 National Data • D-3 SURVEY OF CURRENT BUSINESS Table 1.3.—Gross Domestic Product by Major Type of Product Table 1,4.—Real Gross Domestic Product by Major Type of Product [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1995 1996 1996 I Gross domestic product Final sales of domestic product Change in business inventories Goods Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories Services Structures Addenda: Motor vehicle output Gross domestic product less motor vehicle output II 1995 1997 III IV 7,235.3 7,610.2 7,456.4 7,584.3 7,638.9 7,761.0 7,867.4 7,954.0 30.1 25.9 11.1 23.4 37.1 31.9 81.2 66.1 2,667.9 2,785.2 2,733.2 2,782.7 2,797.8 2,826.9 2,904.6 2,937.1 2,637.8 2,759.3 2,722.1 2,759.3 2,760.7 2,795.0 2,838.4 2,855.8 30.1 25.9 11.1 23.4 37.1 31.9 81.2 66.1 1,163.0 1,228.9 1,200.6 1,232.9 1,249.5 1,232.4 1,279.8 1,323.0 1,133.9 1,212.0 1,183.4 1,214.8 1,216.3 1,233.5 1,248.0 1,276.0 29.1 16.9 17,2 18.1 33.3 -1.1 47.0 31.8 1,504.9 1,556.3 1,532.6 1,549.9 1,548.3 1,594.5 1,624.7 1,614.1 1,503.9 1,547.3 1,538.7 1,544.5 1,544.4 1,561.5 1,590.4 1,579.8 1.0 34.2 -6.2 5.3 9.0 3.9 33.0 34.3 3,980.7 4,187.3 4,096.2 4,162.2 4,208.1 4,282.7 4,338.2 4,400.4 616.8 6616 638.1 662.8 670.1 683.3 690.8 697.8 273.5 271.4 256.1 283.5 278.7 267.2 281.4 I II I 7,265.4 7,636.0 7,467.5 7,607.7 7,676.0 7,792.9 7,933.6 8,035.2 272.2 6,991.9 7,364.7 7,211.5 7,324.2 7,397.3 7,525.8 7,652.2 7,763.0 NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1. 1996 1996 II 1997 III IV II I 6,742.1 6,928.4 6,826.4 6,926.0 6,943.8 7,017.4 7,101.6 7,165.1 Gross domestic product Final sales of domestic product Change in business inventories Residual Goods Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories Services Structures Residual Addenda: Motor vehicle output Gross domestic product less motor vehicle output 6,712.7 6,901.0 6,815.0 6,902.3 6,905.0 6,981.7 7,034.1 7,082.7 77.7 8.0 21.3 37.9 32.9 63.7 3.4 2.4 4.7 .9 2.8 3.8 2,574.2 2,662.6 2,614.6 2,658.8 2,673.1 2,704.1 2,769.3 2,802.0 2,545.0 2,635.5 2,604.1 2,635.5 2,634.0 2,668.4 2,699.6 2,716.6 27.3 2.1 25.0 2.4 77J 37.9 32.9 63.7 27.3 8.0 21.3 25.0 1,152.3 1,222.1 1,188.7 1,227.3 1,244.0 1,228.5 1,277.0 1,328.8 1,124.3 1,205.8 1,171.9 1,210.0 1,211.4 1,230.1 1,245.8 1,282.5 17.0 27.3 16.3 31.3 -.9 29.9 44.0 15.9 1,423.4 1,443.7 1,428.4 1,435.1 1,433.5 1,477.9 1,496.1 1,480.0 1,421.9 1,433.2 1,434.5 1,429.3 1,426.5 1,442.6 1,458.3 1,441.0 33.8 33.7 -8.3 4.3 6.6 33.8 9.1 r.2 3,614.7 3,686.6 3,648.4 3,684.9 3,689.0 3,723.9 3,743.9 3,774.8 555.0 582.2 565.7 584.9 585.0 592.9 595.1 595.7 -4.4 -2.1 -5.0 -5.2 -4.4 -.9 -6.0 -6.6 247.5 241.3 229.0 252.8 246.8 236.5 247.5 242.1 6,494.3 6,687.1 6,597.5 6,672.9 6,696.8 6,781.0 6,854.1 6,923.0 NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following change in business inventories is the difference between gross domestic product and the sum of final sales of domestic product and of change in business inventories; the residual line following structures is the difference between gross domestic product and the sum of the detailed lines of goods, of services, and of structures. Percent changes from preceding period for selected items in this table are shown in table 8.1 Table 1.5.—Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers Table 1.6.—Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Billions of dollars] [Billions of chained (1992) dollars] Gross domestic product Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross domestic purchases Less: Change in business inventories Equals: Final sales to domestic purchasers 7,265.4 7,636.0 7,487.5 7,607.7 7,676.0 7,792.9 7,933.6 8,035.2 958.7 818.4 870.9 850.2 865.0 863.7 904.6 904.5 965.7 933.2 958.7 977.6 993.2 1,021.0 1,047.9 922.2 7,351.4 7,730.9 7,550.5 7,701.5 7,790.0 7,881.5 8,032.4 8,124.5 30.1 25.9 11.1 23.4 37.1 31.9 66.1 81.2 7,321.3 7,705.0 7,539.5 7,678.1 7,752.8 7,849.6 7,966.3 8,043.3 Gross domestic product Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross domestic purchases Less: Change in business inventories Equals: Final sales to domestic purchasers 6,742.1 6,928.4 6,826.4 6,926.0 6,943.8 7,017.4 7,101.6 7,165.1 922.7 791.2 857.0 828.2 847.4 851.4 890.1 971.5 929.0 960.0 990.2 1,006.6 1,048.9 1,097.7 901.1 965.0 6,837.5 7,037.7 6,923.2 7,033.6 7,075.3 7,118.4 7,220.9 7,288.9 27.3 25.0 8.0 21.3 37.9 32.9 63.7 77.7 6,808.1 7,010.2 6,911.8 7,009.9 7,036.4 7,082.7 7,153.1 7,206.3 NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Percent changes from preceding period for selected 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. Table 1.7.—Gross Domestic Product by Sector Table 1.8.—Real Gross Domestic Product by Sector [Billions of dollars] [Billions of chained (1992) dollars] Gross domestic product Business 1 Nonfarm l Nonfarm less housing Housing Farm Households and institutions ... Private households Nonprofit institutions General government2 Federal State and local 7,265.4 7,636.0 7,467.5 6,074.7 6,401.0 6,249.0 6,001.3 6,311.6 6,165.6 5,372.0 5,652.8 5,520.5 629.2 658.8 645.1 7,607.7 7,676.0 7,792.9 6,377.7 6,434.2 6,543.1 6,289.2 6,341.7 6,450.0 5,636.3 5,677.3 5,777.1 652.8 664.4 673.0 7,933.6 8,035.2 6,666.5 6,756.0 6,573.1 6,658.5 5,892.5 5,971 .7 680.6 686.8 73.5 89.4 83.4 88.6 92.5 93.0 93.4 331.8 346.0 340.3 343.9 347.9 352.0 357.7 11.8 11.5 11.8 11.6 11.4 11.1 11.1 319.9 334.6 328.5 332.3 336.6 341.0 858.9 889.0 281.4 607.6 878.3 280.5 597.8 886.1 893.9 282.1 611.8 897.8 281.1 616.7 346.6 909.4 286.2 623.3 275.5 583.4 281.9 604.2 97.4 363.5 11.3 352.3 915.7 286.1 629.6 1. Gross domestic business product equals gross domestic product less gross product of households ar H inctitn. tions and of general government. Nonfarm product equals gross domestic business product less gross farm 9 Fniials rnmnensfltinn nf nanAral nnvArnment Amnlnvaps nlns nanaral nnuernmont rnnsumntinn nf fi«tfPnanitei as shown in table 3.7. Gross domestic product Business 1 Nonfarm1 Nonfarm less housing Housing Farm Households and institutions ... Private households Nonprofit institutions General government2 Federal State and local Residual 1 6,742.1 5,657.4 5,582.7 5,005.7 577.0 6,928.4 5,842.9 5,766.8 5,181.4 585.7 6,826.4 5,750.2 5,673.0 5,093.9 579.3 6,926.0 5,838.1 5,761.3 5,179.0 582.6 6,943.8 5,854.9 5,779.8 5,191.3 588.7 74.2 75.5 76.6 76.2 74.6 305.1 311.2 307.6 310.4 312.5 10.8 10.1 294.3 301.1 780.3 775.9 248.1 240.9 532.2 535.2 -.2 -1.5 10.5 10.3 10.0 297.1 769.9 240.5 529.6 300.1 778.9 242.8 536.3 302.5 778.1 241.3 537.0 -1.1 -1.3 -1.6 7,017.4 5,928.5 5,853.3 5,261.3 592.3 74.7 7,101.6 6,009.6 5,929.7 5,335.3 594.9 79.0 7,165.1 6,070.1 5,988.5 5,393.6 595.6 80.6 314.4 316.9 319.1 9.6 9.6 9.6 304.8 307.4 309.5 776.6 777.7 778.8 238.9 238.2 237.1 537.9 539.9 542.1 -2.1 -2.7 -3.0 - Gross domestic business product equals gross domestic product less gross product of households and institutions and of general government. Nonfarm product equals gross domestic business product less gross farm product. 2. Equals compensation of general government employees plus general government consumption of fixed capital as shown in table 3.8. NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. D-4 • National Data September 1997 SURVEY OF CURRENT BUSINESS Table 1.9.—Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income Table 1.10.—Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1995 1996 1996 1996 1996 I I 7,265.4 7,636.0 7,467.5 7,607.7 7,676.0 7,792.9 7,933.6 8,035.2 Gross domestic product Plus: Receipts of factor income 222.8 234.3 226.0 227.1 235.4 248.8 248.2 257.1 from the rest of the world Less: Payments of factor income 217.5 232.6 218.2 224.3 242.3 245.6 262.5 279.9 to the rest of the world Equals: Gross national 7,270,6 7,637.7 7,475.3 7,610.5 7,669.1 7,796.1 7,919.2 8,012.4 product Less: Consumption of fixed 835.4 845.6 855.0 862.7 796.8 830.1 815.5 824.1 capital 653.0 682.7 669.2 676.8 687.7 697.2 705.4 712.1 Private Capital consumption 704.9 715.4 725.3 736.6 745.9 allowances , 669.1 709.9 Less: Capital consumption 31.2 28.0 27.8 28.1 16.1 27.1 adjustment , 33.9 24.6 147.2 147.8 148.4 143.8 147.4 146.2 Government 149.6 150.6 General 122.4 125.1 124.3 125.1 125.4 125.8 126.8 127.4 government Government 22.1 22.4 22.9 22.6 22.0 21.4 22.3 enterprises 23.3 Equals: Net national product 6,473.9 6,807.6 6,659.8 6,786.4 6,833.6 6,950.4 7,064.2 7,149.8 Less: Indirect business tax and 600.9 625.3 610.2 616.6 582.8 604.8 594.0 nontax liability .......... Business transfer 34.4 33.5 34.2 33.8 32.7 32.2 33.6 payments 35.1 Statistical discrepancy .. -28.2 -59.9 -50.3 -50.2 -79.5 -59.5 -64.3 -73.6 Plus: Subsidies less current surplus of government 26.1 25.2 25.2 25.4 25.3 26.0 26.0 24.9 5,912.3 6,254.5 6,108.8 6,229.4 6,303.3 6,376.5 6,510.0 6,597.6 Equals: National income Less: Corporate profits with inventory valuation and capital 650.0 735.9 717.7 738.5 739.6 747.8 779.6 794.5 consumption adjustments 425.1 425.1 416.2 422.5 430.9 430.6 440.5 448.4 Net interest Contributions for social 659.1 692.0 677.3 688.7 696.8 705.1 719.5 726.8 insurance Wage accruals less 1.2 1.2 1.1 13.1 1.1 disbursements 1.1 1.1 1.1 Plus: Personal interest income ... 718.9 735.7 722.3 727.8 742.7 749.8 757.2 766.8 Personal dividend 287.4 290.0 292.0 295.2 312.5 318.3 251.9 291.2 income Government transfer payments to persons 990.0 1,042.0 1,027.6 1,039.0 1,046.3 1,055.1 1,080.5 1,090.2 Business transfer 26.7 25.9 26.4 payments to persons 25.0 26.0 26.9 26.1 25.6 Equals: Personal income 6,150.8 6,495.2 6,359.4 6,461.3 6,541.9 6,618.4 6,746.2 6,828.9 Addenda: Gross domestic income 7,293.6 7,695.9 7,517.8 7,657.9 7,755.5 7.852.4 7,997.9 8,108.8 Gross national income 7,298.9 7,697.6 7,525.6 7,660.7 7,748.5 7.855.5 7,983.6 8,086.0 Net domestic product 6,468.6 6,805.9 6,652.0 6,783.6 6,840.6 6,947.3 7,078." 7,172.6 1995 1997 IV 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: Consumption of fixed capital Private Government General government Government enterprises Equals: Net national product Addenda: Gross domestic income21 Gross national income Net domestic product II 1997 III IV I II 6,742.1 6,928.4 6,826.4 6,926.0 6,943.8 7,017.4 7,101.6 7,165.1 207.7 214.2 208.0 208.1 214.8 226.0 224.6 232.3 200.7 210.2 199.4 203.7 218.1 219.8 234.0 248.9 6,748.7 6,932.0 6,834.7 6,930.1 6,940.2 7,023.1 7,091.8 7,147.7 752.5 619.6 132.9 776.4 642.4 134.2 766.2 632.7 133.7 773.0 639.1 134.0 779.8 645.7 134.3 786.7 652.2 134.6 797.3 662.6 135.0 806.5 671.5 135.3 113.4 114.1 113.8 114.0 114.2 114.4 114.6 114.8 19.5 20.0 19.8 20.0 20.1 20.2 20.3 20.4 5,996.1 6,155.6 6,068.4 6,156.9 6,160.4 6,236.4 6,294.5 6,341.5 6,768.2 6,982.7 6,872.4 6,971.8 7,015.7 7,070.9 7,159.2 7,230.7 6,774.8 6,986.3 6,880.7 6,975.9 7,012.1 7,076.7 7,149.4 7,213.4 5,989.4 6,151.9 6,060.1 6,152.8 6,164.0 6,230.7 6,304.4 6,358.7 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. NoiE.-Except as noted in footnotes 1 and 2, chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chaineddollar estimates are usually not additive. Table 1.11.—Command-Basis Real Gross National Product [Billions of chained (1992) dollars] 6,748.7 6,932.0 6,834.7 6,930.1 6,940.2 7,023.1 7,091.8 7,147.7 Gross national product Less: Exports of goods and services and receipts of factor income from the rest of the 999.7 1,071.7 1,036.7 1,055.8 1,066.8 1,127.6 1,147.3 1,197.0 world Plus: Command-basis exports of goods and services and l receipts of factor income 1,014.0 1,091.1 1,055.7 1,075.2 1,090.2 1,143.4 1,171.9 1,235.7 Equals: Command-basis gross national product 6,763.0 6,951.4 6,853.7 6,949.5 6,963.6 7,038.9 7,116.4 7,186.4 Addendum: 101.4 101.8 Terms of trade2 101.8 101.8 102.2 101.4 102.1 103.2 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. NoiE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. Percent changes from preceding period for selected items in this table are shown in table 8.1. September 1997 Table 1.14.—National Income by Type of Income Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in Current and Chained Dollars [Billions of dollars] Seasonally adjusted at annual rates 1995 1996 1996 I National income Compensation of employees ... Wage and salary accruals ..... Government Other Supplements to wages and salaries Employer contributions for social insurance Other labor income Proprietors' income with inventory valuation and capital consumption adjustments Farm Proprietors' income with inventory valuation adjustment Capital consumption adjustment Nonfarm Proprietors' income Inventory valuation adjustment Capital consumption adjustment Rental income of persons with capital consumption adjustment Rental income of persons ...... Capital consumption adjustment Corporate profits with inventory valuation and capital consumption adjustments Corporate profits with inventory valuation adjustment Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits ... Inventory valuation adjustment Capital consumption adjustment Net interest Addenda: Corporate profits after tax with inventory valuation and capital consumption adjustments Net cash flow with inventory valuation and capital consumption adjustments ... Undistributed profits with inventory valuation and capital consumption adjustments Consumption of fixed capital Less: Inventory valuation adjustment Eauals: Net cash flow National Data • D-5 SURVEY OF CURRENT BUSINESS II Seasonally adjusted at annual rates 1997 III I IV 1995 II I 5,912.3 6,254.5 6,108.8 6,229.4 6,303.3 6,376.5 6,510.0 6,597.6 4,215.4 4,426.9 4,322.2 4,403.9 4,461.0 4,520.7 4,606.3 4,663.0 3,442.6 3,633.6 3,540.3 3,612.3 3,664.0 3,718.0 3,792.7 3,842.3 623.0 642.6 635.6 640.3 645.5 648.9 657.8 661.9 2,819.6 2,991.0 2,904.7 2,972.0 3,018.4 3,069.0 3,134.9 3,180.4 772.9 793.3 781.9 791.5 797.0 802.7 813.6 820.7 366.0 406.8 385.7 407.6 376.8 405.0 383.6 407.9 388.6 408.4 393.6 409.1 401.3 412.3 405.5 415.1 489.0 520.3 509.3 520.0 523.8 528.3 534.6 543.6 23.4 37.2 31.9 36.5 40.1 40.4 40.2 43.9 31.4 45.0 39.8 44.3 47.9 48.1 47.9 51.5 -7.9 -7.8 -7.9 -7.8 -7.8 -7.8 -7.7 -7.6 465.5 438.8 483.1 455.3 477.4 448.8 483.5 456.4 483.7 456.1 487.9 460.0 494.4 466.3 499.7 470.4 -.5 -.2 ?2 -.1 .3 -.1 .5 -1.2 27.2 28.0 28.3 28.3 27.8 27.5 • 28.1 28.7 132.8 179.8 146.3 193.3 143.4 189.5 144.6 191.0 148.0 195.5 149.2 197.3 149.0 197.9 148.1 196.9 -47.0 -47.0 -46.1 -46.4 -47.5 -48.1 ^8.9 -48.8 650.0 735.9 717.7 738.5 739.6 747.8 779.6 794.5 598.4 622.6 213.2 409.4 264.4 145.0 674.1 676.6 229.0 447.6 304.8 142.8 659.8 664.9 226.2 438.7 300.7 138.0 676.8 682.2 232.2 450.0 303.7 146.4 676.4 679.1 231.6 447.5 305.7 141.8 683.4 680.0 226.0 454.0 309.1 144.9 711.9 708.4 241.2 467.2 326.8 140.3 725.0 717.3 244.4 473.0 333.0 140.0 -24.3 -2.5 -5.1 -5.4 -2.7 51.6 61.8 57.9 61.6 63.2 64.4 67.7 69.6 425.1 425.1 416.2 422.5 430.9 430.6 440.5 448.4 3.3 3.5 7.6 436.7 506.9 491.5 506.3 508.0 521.8 538.4 550.1 601.3 654.3 633.8 651.1 657.8 674.6 678.9 689.6 172.4 202.1 190.8 202.6 202.3 212.6 211.5 217.2 428.9 452.3 443.0 448.5 455.5 462.0 467.4 472.5 -24.3 625.5 -2.5 -5.1 -5.4 -2.7 656.8 638.9 656.5 660.5 3.3 671.3 3.5 675.5 7.6 682.0 1996 1996 II 1997 III IV II 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 Wage and salary accruals Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment ..... . . Net interest 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 Wage and salary accruals Supplements to wages and salaries Corporate profits with inventory valuation and capital consumption adjustments Profits before tax Profits tax liability Profits after tax Dividends Undistributed profits Inventory valuation adjustment Capital consumption adjustment Net interest 43485 4,624.9 4,503.3 4,601.8 4,661.0 4,733.2 4,824.8 4,898.6 428.9 452.3 443.0 448.5 455.5 462.0 467.4 472.5 3,919.6 4,172.6 4,060.3 4,153.3 4,205.5 4,271.2 4,357.4 4,426.1 439.6 463.9 451.6 458.0 460.9 485.0 465.9 474.7 3,480.0 3,708.7 3,608.7 3,695.3 3,744.6 3,786.2 3,891.5 3,951.4 2,781.1 2,926.7 2,846.9 2,910.4 2,951.4 2,997.9 3,056.5 3,097.9 2,296.4 2,433.5 2,359.8 2,417.2 2,456.3 2,500.7 2,550.7 2,587.7 484.7 493.2 487.2 493.2 495.1 497.3 505.8 510.2 563.2 535.9 213.2 322.7 236.9 640.0 580.7 229.0 351.6 270.8 626.6 573.8 226.2 347.6 270.4 645.2 589.0 232.2 356.8 265.8 647.8 587.4 231.6 355.7 265.6 640.3 572.5 226.0 346.5 281.6 682.2 611.0 241.2 369.8 292.7 695.9 618.7 244.4 374.3 295.4 85.8 80.8 77.2 91.0 90.1 64.9 77.1 78.9 -24.3 -2.5 -5.1 -5.4 -2.7 51.6 61.8 57.9 61.6 63.2 64.4 67.7 69.6 135.6 142.1 135.2 139.7 145.4 148.0 152.8 157.7 443.2 492.5 472.6 488.9 495.2 513.2 525.1 535.2 3.3 3.5 7.6 3,905.3 4,132.4 4,030.7 4,112.9 4,165.8 4,220.1 4,299.7 4,363.4 373.4 393.4 385.5 390.2 396.2 401.8 406.3 410.6 3,531.9 3,739.0 3,645.2 3,722.7 3,769.7 3,818.3 3,893.4 3,952.8 399.8 421.8 413.2 420.2 423.7 430.0 432.2 437.4 3,132.1 3,317.2 3,232.0 3,302.5 3,345.9 3,388.3 3,461.2 3,515.4 2,555.5 2,682.9 2,613.1 2,668.6 2,7047 2,745.3 2,801.9 2,839.8 2,107.9 2,228.6 2,163.8 2,214.2 2,248.7 2,287.5 2,335.8 2,369.7 447.5 454.4 449.3 454.4 456.0 457.8 466.0 470.1 474.6 438.3 139.4 298.9 188.3 110.6 545.8 477.2 154.8 322.4 196.4 126.0 525.4 463.4 149.2 314.2 200.3 113.9 542.8 477.4 154.1 323.3 194.3 129.1 553.3 483.4 156.8 326.6 191.8 134.8 561.7 484.4 159.0 325.5 199.4 126.1 575.4 494.5 159.4 335.1 207.0 128.2 589.0 502.0 162.1 340.0 209.4 130.6 -24.3 -2.5 -5.1 -5.4 -2.7 3.3 3.5 7.6 71.1 88.5 67.1 93.5 70.8 91.2 72.6 88.0 60.5 102.0 74.0 81.3 77.4 83.9 79.4 86.6 Billions of chained (1992) dollars Gross domestic product of nonfinancial corporate business! ... 3,719.7 3,887.8 Consumption of fixed 3 capital2 .... 357.8 374.4 Net domestic product 3,361.9 3,513.5 3,801.8 3,872.4 3,913.7 3,963.5 4,022.2 4,076.8 367.3 371.8 376.6 381.7 396.0 402.2 3,434.5 3,500.6 3,537.1 3,581.8 3,626.2 3,674.6 1. Chained-dollar gross domestic product of nonfinancial corporate business equals the current-dollar product deflated by the implicit price deflator for goods and structures in gross domestic product. 2. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. 3. Chained-dollar net domestic product of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital. September 1997 SURVEY OF CURRENT BUSINESS D-6 • National Data 2. Personal Income and Outlays. Table 2.2.—Personal Consumption Expenditures by Major Type of Product Table 2.1.—Personal Income and Its Disposition [Billions of dollars] IDimuns 01 uonarsj Seasonally adjusted at annual rate«* 1995 1996 1996 I Personal income „. Wage and salary disbursements Private industries Goods-producing industries Manufacturing Distributive industries Service industries Government Other labor income Proprietors' income with inventory valuation and capital consumption adjustments Farm Nonfarm Rental income of persons with capital consumption adjustment Personal dividend income ... Personal interest income 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 .... Family assistance 1 Other Less: Personal contributions for social insurance Less: Personal tax and nontax oavments Equals: Disposable personal income Less: Personal outlays Personal consumption expenditures Interest paid by persons Personal transfer payments to the rest of the world (net) Equals: Personal saving Addenda: Disposable personal income: Total, billions of chained (1992) dollars2 Per capita: Current dollars Chained (1992) dollars Population (mid-period, millions) Personal saving as a percentage of disposable personal income II Seasonally adjusted at annual rates 1997 ill IV I 1995 II I 6,150,8 6,495.2 6,359.4 6,461.3 6,541.9 6,618.4 6,746.2 6,828.9 3,429.5 3,632.5 3,539.2 3,611.2 3,662.8 3,716.9 3,791.5 2,806.5 2,989.9 2,903.6 2,970.9 3,017.3 3,067.9 3,133.7 909.1 884.9 906.3 917.2 927.8 942.9 674.7 659.1 674.1 680.1 685.6 694.1 783.1 823.3 804.4 819.2 829.0 840.6 856.8 1,159.0 1,257.5 1,214.3 1,245.3 1,271.1 1,299.5 1,334.1 623.0 642.6 635.6 640.3 645.5 648.9 657.8 864.4 648.4 406.8 407.6 405.0 407.9 408.4 409.1 412.3 3,841.2 3,179.2 952.9 700.3 866.9 1 359 4 661 9 ' 415.1 489.0 520.3 509.3 520.0 523.8 528.3 534.6 23.4 37.2 31.9 36.5 40.1 40.4 40.2 465.5 483.1 477.4 483.5 483.7 487:9 494.4 543.6 *iS'2 499.7 •1^ -i 1Wil 132.8 146.3 143.4 144.6 148.0 149.2 149.0 251.9 291.2 287.4 290.0 292.0 295.2 312.5 718.9 735.7 722.3 727.8 742.7 749.8 757.2 3183 -fflfio 766 8 - 1,015.0 1,068.0 1,053.2 1,064.8 1,072.4 1,081.5 1,107.2 Personal consumption expenditures Durable goods Motor vehicles and parts Furniture and household equipment Other Nondurable goods Fo0(j 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 II 1997 III IV I II 4,957.7 5,207.6 5,105.8 5,189.1 5,227.4 5,308.1 5,405.7 5,433.2 608.5 634.5 626.7 638.6 634.5 638.2 658.4 644.5 254.8 261.3 262.4 264.0 260.0 258.9 265.7 252.7 240.2 252.6 246.5 253.8 254.2 255.9 263.8 265.4 113.6 120.6 117.9 120.8 120.3 123.4 128.9 126.4 1,475.8 1,534.7 1,508.1 1,532.3 1,538.3 1,560.1 1,587.4 1,578.2 735.1 756.1 254.7 264.3 114.4 122.6 748.4 259.8 117.1 752.2 265.7 125.7 757.4 265.7 121.4 766.6 266.2 126.0 775.5 275.2 128.5 771.7 274.7 121.4 10.2 11.6 11.7 11.3 11.2 12.0 11.0 11.0 361.3 380.1 371.1 377.3 382.7 389.3 397.1 399.5 2,873.4 3,038.4 2,970.9 3,018.2 3,054.6 3,109.8 3,159.9 3,210.4 750.3 300.7 119.5 181.2 203.1 772.8 846.5 787.2 773.8 782.5 315.9 125.3 190.6 218.4 808.1 908.9 310.7 124.8 185.9 212.3 790.3 883.8 317.5 126.7 190.8 216.6 803.3 898.3 791.8 313.4 122.8 190.6 219.7 811.9 917.8 800.7 321.8 126.8 195.0 224.8 826.9 935.6 810.5 320.8 124.9 195.9 228.9 841.0 958.8 821.2 328.9 129.5 199.5 232.8 853.0 974.4 Table 2.3.— Real Personal Consumption Expenditures by Major Type of 507.8 537.6 529.5 535.4 540.0 545.6 558.9 21.4 20.8 22.0 21.6 23.0 21.4 22.1 21.9 21.3 21.7 21.6 21.4 22.1 22.4 ?1Q 133.6 331.4 142.5 344.2 138.3 340.9 142.2 343.3 143.7 345.7 145.9 347.0 150.4 353.5 23.3 21.7 22.5 22.0 21.6 20.7 19.7 308.0 322.5 318.5 321.3 324.2 326.2 333.8 152.7 355.6 «lS-9 336 6 - Pr0dUCt 564.5 22.4 293.1 306.3 300.5 305.0 308.2 311.5 318.2 32U 795.1 886.9 840.0 887.8 897.3 922.6 955.7 982l 5,355.7 5,608.3 5,519.4 5,573.5 5,644.6 5,695.8 5,790.5 5,101.1 5,368.8 5,261.3 5,347.8 5,390.6 5,475.4 5,574.6 4,957.7 5,207.6 5,105.8 5,189.1 5,227.4 5,308.1 5,405.7 128.5 145.2 140.1 143.0 147.4 150.5 151.9 14.8 15.9 15.4 15.8 15.9 16.7 17.0 254.6 239.6 258.1 225.7 254.0 220.4 215.9 ° 5,847.0 5,603.6 5 433 2 153.0 17.5 A J*« 243 3 - 4,964.2 5,076.9 5,047.6 5,061.3 5,094.8 5,103.8 5,161.1 5,197.9 20,349 21,117 20,853 21,012 21,229 21,373 21,689 21 ,854 18,861 19,116 19,071 19,081 19,161 19,152 19,331 19,428 263.2 265.6 264.7 265.3 265.9 266.5 267.0 267.5 4.8 4.3 4.7 4.1 4.5 3.9 3.7 4.2 1. Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. 2. Equals disposable personal income deflated by the implicit price deflator for personal consumption expenditures. NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. 1996 1996 [Billions of chained (1992) dollars] 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 Residual 4,595.3 4,714.1 4,669.4 4,712.2 4,718.2 4,756.4 4,818.1 4,830.0 583.6 611.1 600.7 614.8 611.9 617.1 637.8 629.0 229.5 231.3 233.4 234.2 229.7 228.0 233.4 223.1 248.4 269.5 259.2 269.9 272.3 276.8 287.4 292.3 107.2 113.3 110.2 113.4 113.2 116.3 121.4 119.7 1,412.6 1,432.3 1,422.5 1,431.6 1,433.9 1,441.2 1,457.8 1,449.5 690.5 257.5 113.1 689.7 267.7 114.1 692.4 261.6 112.9 690.3 268.4 114.5 687.3 270.8 114.1 689.0 270.0 114.8 10.5 10.6 11.1 10.4 10.6 10.3 341.3 351.2 345.1 349.1 352.5 358.3 694.6 277.1 114.7 9.4 363.7 688.4 273.6 115.9 10.1 362.9 2,599.6 2,671.0 2,646.5 2,666.5 2,672.8 2,698.2 2,723.9 2,750.9 701.7 688.2 282.9 7002 289.6 695.6 288.7 698.7 292.0 285.8 296.2 117.8 171.7 194.6 688.1 799.4 119.0 169.6 192.1 679.4 791.7 119.7 172.3 193.8 686.2 796.8 114.8 170.9 195.4 689.8 800.8 704.8 291.7 117.7 173.9 197.0 697.1 808.4 708.3 288.0 115.0 167.8 185.2 674.9 769.1 113.8 174.0 199.3 704.4 824.3 119.9 176.2 200.0 711.2 832.1 -2.9 -5.1 -3.9 -5.5 -5.7 -€.0 -7.7 -7.4 712.0 NoTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. September 1997 National Data * D-7 SURVEY OF CURRENT BUSINESS 3. Government Receipts, Current Expenditures, and Gross Investment. Table 3,1.--Government Receipts and Current Expenditures [Billions of dollars] Seasonally adjusted at annual rates 1995 1996 1996 I Receipts Personal tax and nontax receipts Corporate profits tax accruals Indirect business tax and nontax accruals Contributions for social insurance Current expenditures Consumption expenditures f Transfer payments (net) To persons . . . . . . To the rest of the world (net) Net interest paid Interest paid To persons and business To the rest of the world 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 Current surplus or deficit (-), national income and product accounts Social insurance funds T,0 Other II 1997 III IV I II 2,250.2 2,412.7 2,337,5 2,407,6 2,429.7 2,479.0 2,526.6 2,569.8 , ,.. „.„.,.,,. , , TM , .., „..., , T . . , „ ,„ „,., ,., , ,., 840,0 887.8 897,3 922.6 955.7 982.0 226,2 232.2 231.6 226.0 241.2 244.4 582.8 594.0 599.0 600.9 625,3 610.2 616.6 677.3 688,7 696,8 705.1 719.5 726.8 659T1 2,321.0 2,417.8 2,387.0 2,404.8 2,423.6 2,455.8 2,477.4 2,499.2 1,142.1 1,182.4 1,162.2 1,180.7 1,189.8 1,197.0 1,209.7 1,221.4 1fOQ1,5 1,058.3 1,046.7 1,050.2 1,058.2 1,078.0 1,091.0 1,101.1 990,0 1,042.0 1,027.6 1,039.0 1,046.3 1,055.1 1,080.5 1,090.2 10.5 10.9 19,2 11,2 11.9 22.9 16,3 11,6 165,2 165.4 166,0 162.3 164,4 168.8 164.9 165.4 314,1 317.7 317,4 314.6 318,1 320.7 317.9 319.0 252,8 246,4 252.7 247,3 244,1 241.3 233.3 228.2 84.6 90.8 61.3 71.3 64,7 67,3 74,0 79.4 148.9 16&3 151,4 152,3 153.7 152.0 153.0 153.7 14.3 14.7 12.5 13-7 14.0 13.3 13,6 13,6 26.0 26.1 26.0 25.4 25,3 25,2 24,9 25.2 34.1 33.4 33.3 33,5 33.7 34.6 33,5 34.0 7.7 8,5 8.1 8.0 8.6 8.0 8.8 8-1 0 0 0 0 0 0 0 0 70.6 -71,4 «*1 -49.6 49.2 2.8 3,1 23.2 124,7 126,6 119.9 124.7 129.7 132,0 129.9 131.8 -196,0 -131,7 -169.5 -121,9 -126.6 -108.8 -80.7 -61.2 795.1 2135 886,9 229.0 604.8 692.0 D-8 • National Data September 1997 SURVEY OF CURRENT BUSINESS Table 3.2.—Federal Government Receipts and Current Expenditures Table 3.3.—State and Local Government Receipts and Current Expenditures [Billions of dollars] [Billions of dollars] Seasonally adjusted at annual rates 1995 1996 1996 I Receipts 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 Current expenditures Consumption expenditures Transfer payments (net) To persons To the rest of the world (net) Grants-in-ald to State and local Governments Net interest paid Interest paid To persons and business To the rest of the world Less: Interest received by government Subsidies less current surplus of government enterprises Subsidies Less: Current surplus of government enterprises Less: Wage accruals less disbursements Current surplus or deficit (-), national income and product accounts Social insurance funds Other II Seasonall / adjuste5d at anriual rates 1997 686.7 666.8 644.9 626.5 688.8 668.6 695.7 674.8 717.5 697.2 746.9 725.0 770.7 746.9 14.9 17.5 16.1 17.8 18.4 17.7 19.3 21.1 2.2 2.5 2.4 2.4 182.1 194.5 192.1 197.2 23.4 20.1 19.9 20.0 158.7 174.4 172.2 177.2 93.5 58.1 19.4 16.1 95.8 56.4 19.2 20.2 91.7 55.5 20.3 15.9 90.0 54.9 19.5 15.6 581.8 610.5 597.6 607.8 2.5 196.7 20.1 176.6 91.5 55.7 20.2 15.5 614.8 2.6 2.6 2.6 192.0 204.9 207.6 20.4 20.9 171.7 184.0 110.2 88.2 56.5 18.6 13.2 59.6 16.8 33.7 622.0 635.3 21.2 186.4 92.2 59.0 20.5 12.7 641.4 1,637.6 1,698.1 1,679.9 1,695.4 1,698.2 1,718.8 1,730.8 1,746.6 443.5 451.5 444.6 453.7 454.0 453.6 458.0 464.2 720.9 709.4 763.5 747.2 757.6 738.4 757.5 746.3 761.5 749.7 777.3 754.4 785.9 775.5 791.6 780.7 11.5 16.3 19.2 11.2 11.9 22.9 10.5 10.9 211.9 218.3 213.7 223.2 218.7 217.5 219.6 222.5 224.8 250.0 188.7 227.1 253.1 181.8 226.6 252.9 188.3 223.5 250.1 182.7 226.6 253.4 179.5 231.8 256.1 176.7 228.9 253.2 168.7 230.2 254.4 163.6 61.3 71.3 64.7 67.3 74.0 79.4 84.6 90.8 25.2 26.0 26.4 26.6 26.9 24.3 24.4 24.3 36.4 33.7 37.7 33.1 37.4 33.0 37.5 33.0 37.4 33.1 38.5 33.4 38.4 33.8 38.1 34.3 -2.7 -4.6 -4.4 -4.5 -4.2 -5.1 -4.7 ^.8 0 0 0 0 0 0 0 -174.4 -110.5 -153.6 -111.6 54.1 55.3 49.1 53.3 -99.5 58.2 -77.1 -55.5 60.6 58.7 -228.6 -165.8 -202.7 -165.0 -157.8 -137.7 -114.2 0 -34.8 60.2 -95.0 II I 1,463.2 1,587.6 1,526.3 1,583.8 1,598.6 1,641.6 1,675.3 1,711.8 605.8 588.7 Receipts , Personal tax and nontax receipts Income taxes Nontaxes Other Corporate profits tax accruals .... Indirect business tax and nontax accruals Sales taxes Prooertv taxes Other Contributions for social insurance Federal grants-in-aid Current expenditures Consumption expenditures Transfer payments to persons ... Net interest paid Interest paid 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 Current surplus or deficit (-), national income and product accounts Social insurance funds Other 19 37 19 96 1996 1995 II I IV III IV III I II 999.0 1,043.4 1,024.9 1,046.9 1,046.7 1,054.9 1,070.9 1,080.4 189.4 140.3 200.2 149.1 195.0 144.8 198.9 148.2 201.7 150.3 205.1 153.1 208.7 155.7 211.3 157.3 26.7 22.4 28.8 22.3 28.0 22.3 28.5 22.2 29.1 22.3 29.6 22.5 30.1 22.9 30.7 23.3 31.1 34.5 34.1 35.0 34.9 34.0 36.4 36.8 489.3 2394 197.4 508.9 2498 202.3 502.3 200.2 508.9 2504 201.5 509.4 2496 203.0 515.1 251 9 204.7 522.0 256.2 206.2 524.4 2559 207.8 52.5 56.8 55.0 57.1 56.8 58.5 59.6 60.7 77.3 81.4 79.7 80.9 82.0 83.1 84.2 211.9 218.3 213.7 223.2 218.7 217.5 219.6 222.5 895.9 938.0 920.8 932.5 944.2 954.5 966.1 975.1 698.6 730.9 717.6 727.0 735.9 743.3 751.7 757.2 280.6 294.8 289.1 292.7 296.6 300.6 305.1 309.5 -596 64.1 -617 64.6 -€05 64.5 -612 64.6 -622 64.6 -63.0 -64.8 64.7 -640 64.6 123.7 126.3 125.0 125.7 126.8 127.7 128.6 129.4 125 136 133 136 137 14.0 14.3 14.7 -11.2 3 -12.3 3 -12.1 3 -12.3 3 -12.4 3 -12.5 3 -12.3 3 -12.2 .3 11.5 12.7 12.4 12.7 12.8 12.8 12.7 12.5 o o o 0 0 0 2471 0 o 85.4 64.6 103.1 105.3 104.1 114.4 102.6 100.4 104.7 105.3 70.5 32.5 71.3 34.1 70.8 33.2 71.3 43.1 71.5 31.1 71.4 28.9 71.3 33.5 71.6 33.7 September 1997 National Data • D-9 SURVEY OF CURRENT BUSINESS Table 3.7.—Government Consumption Expenditures and Gross Investment by Type Table 3.8.—Real Government Consumption Expenditures and Real Gross Investment by Type [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1995 I Government consumption expenditures and gross investment1 Federal National defense Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital 4 Other services Gross investment Structures Equipment Nondefense Consumption expenditures Durable goods2 Nondurable goods Commodity Credit Corporation inventory change ... Other nondurables Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital 4 Other services Gross investment Structures Eauioment State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital 4 Other services Gross investment Structures Eciuioment Addenda: Condensation of general 3 government employees .... Federal State and local 1997 1996 1996 II III IV I 1995 509.6 520.0 516.4 524.6 521.6 517.6 516.1 526.2 344.6 298.6 352.8 305.7 348.4 298.2 357.3 307.8 354.8 309.3 350.6 307.6 343.3 306.4 350.6 311.3 21.1 22.3 20.1 23.7 24.7 20.6 20.6 21.9 6.3 271.2 7.9 275.6 7.6 270.5 8.3 275.9 8.5 276.1 7.2 279.8 7.6 278.2 6.8 282.7 131.5 135.2 134.9 135.4 135.9 134.7 136.8 136.0 57.5 82.3 46.0 57.3 83.0 47.0 57.2 78.3 50.2 57.6 82.8 49.5 57.2 83.0 45.5 57.1 87.9 42.9 57.1 84.3 37.0 57.0 89.7 39.3 6.8 6.7 7.3 6.6 6.6 6.3 6.2 39.6 40.2 43.5 42.2 38.8 36.3 30.7 33.1 165.0 144.9 .8 6.5 167.3 145.7 .9 5.7 168.0 146.4 1.2 6.3 167.3 145.9 1.0 5.7 166.8 144.6 .7 5.2 167.0 146.0 .5 5.6 172.8 151.7 .9 6.6 175.6 153.0 .8 6.7 -.2 6.7 137.6 -.4 6.1 139.2 -.1 6.4 139.0 -.5 6.2 139.2 -.5 5.8 138.7 -.3 5.9 139.9 0 6.6 144.2 -.1 6.8 145.5 75.8 77.5 77,1 77.6 77.6 77.8 80.6 81.4 10.7 51.1 20.1 11.0 11.2 50.4 21.5 11.3 10.2 11.1 50.8 21.5 11.1 10.4 11.2 50.5 21.4 11.6 11.3 49.8 22.1 11.3 10.9 11.4 50.7 21.0 11.4 11.5 52.0 21.1 11.2 11.7 52.4 22.7 10.6 12.0 846.0 698.6 886.7 730.9 867.8 717.6 882.4 727.0 891.9 735.9 904.7 743.3 917.0 751.7 922.3 757.2 14.7 73.0 15.3 78.2 15.2 75.9 15.2 78.2 15.4 78.3 15.5 80.3 15.6 81.0 15.7 79.9 610.9 637.5 626.5 633.6 642.2 647.6 655.1 661.6 525.5 547.2 538.2 544.0 551.1 555.4 561.1 566.7 9.1 9.9 9.6 9.9 54.2 31.2 56.6 33.7 56.0 32.3 56.3 33.3 56.8 34.3 57.3 34.9 58.1 36.0 58.7 36.1 147.4 121.0 155.7 128.5 150.3 123.2 155.3 128.1 156.0 128.6 161.4 133.9 165.2 137.7 165.1 137.6 26.4 27.3 27.0 27.2 27.4 27.4 27.5 27.5 736.5 207.3 529.2 763.9 212.8 551.0 754.0 212.1 541.9 761.0 213.1 547.9 768.5 213.5 555.0 772.0 212.6 559.4 782.7 217.5 565.2 788.3 217.5 570.9 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods transferred to foreign countries by the Federal Government. 3. Compensation of government employees engaged in new force-account construction and related expenditures for goods and services are classified as investment in structures. The compensation of all general government employees is shown in the addenda. 4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net return on these assets. Government consumption expenditures and 1 1,251.9 1,257.9 gross investment 470.3 464.2 Federal 322.6 317.8 National defense 280.6 275.5 Consumption expenditures Durable goods2 21.8 20.8 Nondurable goods 7.2 6.3 253.2 246.5 Services Compensation of general government employees, except force-account 122.3 117.2 construction3 Consumption of general government 51.4 52.5 fixed capital4 78.4 78.0 Other services 42.3 Gross investment 42.1 5.6 5.4 Structures Equipment 36.5 36.5 Nondefense 147.5 146.1 128.0 125.3 Consumption expenditures 1 1.0 Durable goods 2 1.1 5.8 5.1 Nondurable goods Commodity Credit Corporation -.2 -.2 inventory change ... 5.4 6.0 Other nondurables 121.3 119.1 Services Compensation of general government employees, except force-account 61.3 62.9 construction3 Consumption of general government 10.8 10.3 fixed capital4 47.4 48.5 Other services 19.4 Gross investment 21.0 10.0 10.0 Structures 11.1 9.4 Eduioment 781.6 793.7 State and local 646.0 653.6 Consumption expenditures 14.4 13.9 Durable goods2 69.2 71.5 Nondurable goods 563.0 567.9 Services Compensation of general government employees, except force-account construction 3 478.2 479.9 Consumption of general government fixed capital4 50.7 52.0 37.4 35.1 Other services Gross investment 135.6 140.1 Structures 109.5 112.8 Eauioment 27.4 26.1 Residual -.9 -2.1 Addenda: Compensation of general 3 government employees .... 667.0 661.9 Federal 185.5 178.9 State and local 481.6 483.2 1997 1996 I II 1,355.5 1,406.7 1,384.2 1,407.0 1,413.5 1,422.3 1,433.1 1,448.5 6.4 1996 II III IV I II 1,243.2 1,265.1 1,261.5 1,261.8 1,260.5 1,270.0 460.9 470.7 465.7 459.6 452.8 460.4 314.9 271.3 323.2 278.4 319.4 278.1 313.6 274.4 303.9 270.3 309.5 274.0 19.7 23.0 24.1 20.2 20.0 21.2 7.1 244.3 7.6 247.8 7.8 246.3 6.2 247.8 6.6 243.5 6.3 246.4 118.1 118.0 117.2 115.4 114.5 113.2 51.8 74.3 43.6 51.6 78.3 44.9 51.3 77.9 41.4 51.0 81.6 39.2 50.8 78.4 33.5 50.5 83.2 35.5 5.6 6.0 5.4 5.4 5.0 5.0 37.9 38.7 35.8 33.7 28.2 30.3 145.7 125.0 1.3 5.6 147.2 126.5 1.2 5.2 146.0 124.6 1.1 4.7 145.7 125.1 .9 5.1 148.5 127.7 1.2 6.0 150.4 128.3 1.2 6.0 -.1 5.7 118.1 -.3 5.4 120.2 -.4 5.1 118.9 -.2 5.3 119.1 0 6.0 120.6 121.2 60.0 62.3 61.7 61.4 61.6 61.9 10.6 48.1 20.8 10.8 46.7 21.6 10.0 11.9 11.0 47.2 20.6 10.0 10.7 11.1 48.3 20.8 11.2 48.6 22.3 11.0 10.7 47.5 20.8 10.2 10.6 11.3 13.8 782.4 646.6 794.4 654.2 795.9 655.7 802.3 657.8 807.7 661.1 809.7 664.3 14.2 70.5 14.3 71.1 14.5 71.8 14.6 72.5 14.7 73.2 14.8 73.8 562.1 568.9 569.6 570.9 573.5 576.0 474.9 481.1 481.5 482.0 483.5 485.5 9.9 9.8 6'.1 9.2 51.5 37.2 51.9 37.3 52.2 37.3 52.6 37.9 52.9 38.8 53.2 39.0 135.7 108.9 140.2 112.9 140.1 112.6 144.5 116.6 146.6 118.4 145.4 117.0 26.9 27.3 27.6 28.0 28.3 28.6 -1.9 -1.6 -2.4 -2.2 -2.1 -3.5 656.2 178.3 478.1 665.0 180.7 484.5 664.0 179.4 484.9 662.3 177.2 485.4 663.2 176.5 487.1 664.1 175.6 489.0 NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the lines in the addenda. See footnotes to table 3.7. D-10 • National Data SURVEY OF CURRENT BUSINESS September 1997 Table 3.10.—National Defense Consumption Expenditures and Gross Investment Table 3.11.—Real National Defense Consumption Expenditures and Real Gross Investment [Billions of dollars] [Billions of chained (1992) dollars] Seasonall / adjuste>d at anr iual rateS Seasonall / adjusteid at anriual rates 1995 II I National defense consumption expenditures and 1 gross investment Consumption expenditures Durable goods2 Aircraft Missiles Ships Vehicles Electronics Other durable goods Nondurable goods Petroleum products Ammunition Other nondurable goods .... Services Compensation of general government employees, except force-account construction3 Military Civilian Consumption of general government fixed capital4 Other services Research and development Installation support Weapons support Personnel support Transportation of material Travel of persons Other Gross investment Structures Eauioment ~7.r , Aircraft Missiles Ships Vehicles Electronics Other equipment Addendum: Compensation of general 3 government employees .... 19 97 1996 1996 III IV I 1995 352.8 348.4 357.3 354.8 350.6 343.3 350.6 298.6 305.7 298.2 307.8 309.3 307.6 306.4 311.3 21.1 22.3 20.1 23.7 24.7 20.6 20.6 21.9 87 2.9 J g 2.3 4.7 102 3.2 .9 10 2.9 5.5 106 38 1.3 11 2.9 5.0 92 2.8 .6 9 2.3 4.8 92 2.8 .7 12 2.5 4.1 101 3.1 .7 9 2.6 4.4 87 3.1 1.2 11 2.5 4.5 97 3.2 .9 10 2.6 5.0 6.3 7.9 7.6 8.3 8.5 7.2 7.6 6.8 2.8 12 2.4 3.4 11 3.4 3.1 12 3.3 3.4 15 3.4 4.1 11 3.3 3.0 7 3.6 3.1 15 3.0 3.0 11 2.7 271.2 275.6 270.5 275.9 276.1 279.8 278.2 282.7 131.5 821 494 135.2 858 494 134.9 851 498 135.4 857 497 135.9 863 495 134.7 862 485 136.8 871 136.0 867 49.7 49.4 57.5 82.3 57.3 83.0 57.2 78.3 57.6 82.8 57.2 83.0 57.1 87.9 57.1 84.3 57.0 89.7 20.9 27.7 23.5 27.4 20.9 26.5 22.9 28.2 24.2 28.3 26.2 26.4 25.8 25.9 27.5 26.8 8.3 4.3 4.5 6.3 19.0 4.7 4.3 6.1 18.0 4.5 4.5 5.9 18.5 5.0 4.3 5.4 18.8 4.7 4.2 8.0 20.5 5.9 20.2 4.7 4.1 4.5 3.9 6.9 22.4 4.2 3.9 -1.7 -2.1 -2.1 -2.0 -2.6 -1.9 -1.8 -2.0 46.0 47.0 50.2 49.5 45.5 42.9 37.0 39.3 6.4 39.6 9.0 46 8.0 9 3.5 13.5 131.5 6.8 40.2 9.3 41 6.8 g 36 15.5 135.2 6.7 43.5 13.7 42 7.0 10 33 14.3 134.9 7.3 42.2 10.0 4.3 7.2 9 3.7 16.0 135.4 6.6 38.8 7.6 4.3 6.6 g 4.0 15.5 135.9 6.6 36.3 5.9 3.7 6.3 8 3.2 16.3 134.7 6.3 30.7 4.7 2.9 5.6 10 3.3 13.2 136.8 6.2 33.1 4.0 3.4 6.7 13 34 14.3 136.0 1. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 2. Consumption expenditures for durable goods excludes expenditures classified as investment, except for goods transferred to foreign countries. 3. Compensation of government employees engaged in new force-account construction and related expenditures for goods and services are classified as investment in structures. The compensation of all general government employees is shown in the addendum. 4. Consumption of fixed capital, or depreciation, is included in government consumption expenditures as a partial measure of the value of the services of general government fixed assets; use of depreciation assumes a zero net return on these assets. II I 344.6 18.3 19 96 1996 II National defense consumption expenditures and 1 gross investment Consumption expenditures Durable goods2 Aircraft Missiles Ships Vehicles Electronics Other durable goods Nondurable goods Petroleum products Ammunition Other nondurable goods .... Services Compensation of general government employees, except force-account construction3 .„ Military Civilian Consumption of general government fixed capital4 Other services Research and development Installation support Weapons support Personnel support Transportation of material Travel of persons Other Gross Investment Structures Equipment Aircraft Missiles Ships Vehicles Electronics Other equipment Residual Addendum: Compensation of general 3 government employees .... 19 97 III IV I II 322.6 317.8 314.9 323.2 319.4 313.6 303.9 309.5 280.6 275.5 271.3 278.4 278.1 274.4 270.3 274.0 20.8 21.8 19.7 23.0 24.1 10.2 20.2 20.0 21.2 4.0 1.2 11 3.0 4.6 8.9 3.1 .5 .9 2.4 4.4 8.9 2.9 .7 1.2 2.6 3.8 9.8 3.1 .7 .9 2.8 4.0 7.6 7.8 6.2 6.6 6.3 3.2 12 3.2 3.7 10 3.1 2.4 6 3.4 2.6 1.3 2.8 2.9 .9 2.6 244.3 247.8 246.3 247.8 243.5 246.4 117.2 118.1 118.0 117.2 115.4 114.5 113.2 76.9 40.4 77.7 40.5 77.0 41.1 76.7 40.6 76.1 39.4 75.5 39.0 74.7 38.6 52.5 78.4 51.4 78.0 51.8 74.3 51.6 78.3 51.3 77.9 51.0 81.6 50.8 78.4 50.5 83.2 20.8 25.5 23.5 24.9 20.7 24.4 23.1 25.8 24.3 25.6 26.0 23.8 25.7 23.5 27.4 24.2 8.5 3.4 1.2 10 2.5 4.3 9.3 3.4 .8 9 2.7 4.6 8.4 3.1 .6 9 2.4 4.4 9.8 3.5 .8 10 3.0 5.0 6.3 7.2 7.1 3.1 11 2.2 3.1 10 3.2 3.1 11 3.1 253.2 246.5 122.3 79.8 42.6 7.8 5.7 5.6 5.3 4.9 7.1 5.2 6.1 17.4 17.2 16.7 16.9 17.0 18.1 17.7 19.7 4.1 4.2 -16 4.7 4.1 -1 9 4.5 4.3 -19 4.9 4.2 -18 4.6 4.0 -23 4.6 3.8 -16 4.4 3.6 -16 4.1 3.6 -17 42.1 42.3 43.6 44.9 41.4 39.2 33.5 35.5 5.4 36.5 7.2 4.7 72 8 39 12.8 .2 122.3 5.6 36.5 7.1 4.4 61 8 44 14.1 -.6 117.2 5.6 37.9 9.0 4.5 62 9 39 13.2 .2 118.1 6.0 38.7 8.1 4.5 65 .8 4.6 14.5 -.6 118.0 5.4 35.8 6.4 4.5 59 .7 5.0 13.9 5.4 33.7 5.0 4.0 56 7 4.2 14.7 -1.0 -.9 117.2 115.4 5.0 28.2 4.0 2.9 49 9 4.3 11.8 -.5 114.5 5.0 30.3 3.3 3.4 59 11 4.6 12.7 -1.4 113.2 1992 current-dollar value of the corresponding series, divided by 100. Because the formula'for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines, excluding the line in the addendum. See footnotes to table 3.10. September 1997 D-ll National Data SURVEY OF CURRENT BUSINESS 4. Foreign Transactions.. Table 4.1.—Foreign Transactions in the National Income and Product Accounts Table 4.2.—Real Exports and Imports of Goods and Services and Receipts and Payments of Factor Income [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1995 1996 1996 I Receipts from the rest of the world II 1995 1997 IV III I I 1,041.2 1,105.1 1,076.1 1,092.0 1,099.0 1,153.4 1,170.4 1,215.8 Exports of goods and services ... goods1 Durable Nondurable Services l 818.4 583.9 394.3 189.6 234.6 870.9 617.5 421.2 196.3 253.3 850.2 606.1 410.0 196.1 244.1 865.0 613.9 420.4 193.5 251.1 863.7 609.7 415.8 193.9 254.0 904.6 640.5 438.8 201.6 264.2 922.2 656.2 455.9 200.3 266.0 958.7 690.3 486.2 204.0 268.4 Receipts of factor income 222.8 234.3 226.0 227.1 235.4 248.8 248.2 257.1 Capital grants received by the United States (net) Payments to the rest of the world 0 0 0 0 0 0 0 0 1,041.2 1,105.1 1,076.1 1,092.0 1,099.0 1,153.4 1,170.4 1,215.8 Imports of goods and services ... Goods l Durable Nondurable Services 1 904.5 757.5 510.3 247.3 146.9 965.7 809.0 533.6 275.5 156.7 933.2 778.4 523.1 255.3 154.8 958.7 802.9 529.6 273.4 155.8 977.6 820.2 540.3 279.8 157.5 993.2 1,021.0 1,047.9 834.6 855.8 879,8 541.3 563.4 584.0 293.3 292.5 295.8 158.6 165.2 168.1 Payments of factor income 217.5 232.6 218.2 224.3 242.3 245.6 262.5 279.9 Transfer payments (net) From persons (net) From government (net) From business 33.6 14.8 11.5 39.8 15.9 16.3 41.6 15.4 19.2 34.7 15.8 11.2 35.4 15.9 11.9 47.4 16.7 22.9 35.2 17.0 10.5 36.5 17.5 10.9 Net foreign investment 7.3 7.6 7.1 7.6 7.7 7.8 7.7 8.2 -114.4 -132.9 -116.9 -125.6 -156.4 -132.9 -148.4 -148.6 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment were redassified from goods to services. 1997 1996 1996 II II III 828.2 605.2 439.1 168.4 224.0 847.4 619.2 459.1 164.5 229.3 IV I II Exports of goods and services Goods1 Durable Nondurable Services1 791.2 573.9 411.2 164.1 218.0 851.4 623.0 460.8 166.4 229.4 901.1 666.2 494.0 177.0 236.8 922.7 686.2 517.0 176.0 238.9 965.0 729.9 556.0 182.5 239.5 Receipts of factor income 207.7 214.2 208.0 208.1 214.8 226.0 224.6 232.3 Imports of goods and services Goods! Durable Nondurable Services l 890.1 749.2 511.7 237.2 141.2 Payments of factor income 200.7 210.2 199.4 203.7 218.1 857.0 628.4 463.3 169.1 229.9 971.5 823.1 569.9 253.5 149.0 929.0 781.4 540.4 241.3 147.8 960.0 811.7 559.8 251.9 148.8 990.2 1,006.6 1,048.9 1,097.7 841.7 857.5 891.3 937.7 582.6 596.6 630.8 660.8 259.4 261.6 263.3 279.3 149.3 150.0 158.4 161.3 219.8 234.0 248.9 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are redassified from goods to services. NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. D-12 • National Data September 1997 SURVEY OF CURRENT BUSINESS Table 4.3.—Exports and Imports of Goods and Services by Type of Product Table 4.4.—Real Exports and Imports of Goods and Services by Type of Product [Billions of dollars] [Billions of chained (1992) dollars] Se asonal y adjusted at a nnual ra es Seasonally adjusted at annual rates 1995 1996 I Exports of goods and services Exports of aoods * 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 Exports of services! Transfers under U.S. military agency sales contracts Travel Passenger fares Other transportation Royalties and license fees Other private services Other Imports of goods and services Imports of goods! Fooas, 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 Imports of services 1 Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees Other private services Other Addenda: Exports of agricultural goods2 Exports of nonagricultural goods Imports of nonpetroleum goods II 1995 1997 1996 III IV II I I 818.4 870.9 850.2 865.0 863.7 904.6 922.2 958.7 583.9 617.5 606.1 613.9 609.7 640.5 656.2 690.3 55.8 51.1 48.8 141.3 141.0 140.2 138.5 139.5 145.9 147.4 154.4 50.5 55.5 51.0 90.1 56.1 49.7 90.5 55.0 55.1 51.9 94.0 53.2 94.3 55.8 98.5 233.8 253.1 247.9 252.6 246.8 265.3 275.9 296.9 36.7 43,3 39.6 46.3 45.5 50.2 168.0 178.6 176.9 175.9 176.5 185.2 190.0 201.3 70.9 75.3 38.1 37.2 35.6 17.8 17.8 73.4 79.1 41.2 37.9 37.7 18.8 18.8 266.0 268.4 12.3 74.5 21.3 28.2 30.9 77.7 21.0 13.6 72.9 21.2 28.9 31.2 79.3 21.3 49.8 91.4 26.1 39.7 61.8 64.4 32.8 31.6 32.1 16.1 16.1 30.8 43.7 65.0 70.1 35.8 34.3 32.7 16.3 16.3 26.4 44.6 62.7 68.3 34.3 34.0 30.9 15.4 15.4 51.2 87.3 33.3 43.4 64.2 69.9 35.7 34.3 33.6 16.8 16.8 51.0 88.5 26.8 43.5 66.2 69.4 35.5 33.9 32:7 16.3 16.3 67.0 72.9 37.8 35.1 33.5 16.8 16.8 234.6 253.3 244.1 251.1 254.0 264.2 12.8 63.4 19.1 27.4 27.4 65.5 18.9 13.5 69.9 20.6 27.2 30.0 72.2 19.9 11.6 66.8 20.3 26.2 29.7 70.2 19.1 14.9 69.4 19.8 27.2 29.4 71.2 19.2 12.8 70.6 20.9 26.9 30.0 72.4 20.4 14.9 72.7 21.1 28.6 30.8 75.2 20.8 904.5 965.7 933.2 958.7 977.6 993.2 1,021.0 1,047.9 757.5 809.0 778.4 802.9 820.2 834.6 33.2 35.7 34.4 35.9 35.8 855.8 879.8 36.7 38.0 39.9 119.9 125.2 121.5 123.5 127.1 128.7 130.7 134.7 64.9 63.8 82.2 65.7 65.0 76.7 69.8 64.9 70.5 221.4 229.0 231.1 226.3 227.4 231.4 237.3 251.8 14.0 62.8 13.6 65.5 15.6 70.5 154.4 154.9 159.4 152.8 152.7 154.6 158.2 165.6 Exports of goods and services Exports of goods! 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 Exports of services 1 Transfers under U.S. military agency sales contracts Travel ; Passenger fares Other transportation Royalties and license fees Other private services Other ... Residual Imports of goods and services II 19 37 III 59.8 60.1 56.2 10.7 56.3 63.1 62.1 72.7 12.7 61.5 59.8 61.7 58.5 10.9 60.8 63.0 60.4 74.1 12.8 60.8 64.7 62.4 76.2 13.0 61.7 123.8 128.9 124.0 129.1 133.7 128.9 159.9 171.0 163.8 167.6 173.2 179.4 142.2 181.2 138.2 192.0 92.4 87.0 47.2 23.6 23.6 93.2 88.0 49.6 24.8 24.8 97.9 94.0 52.8 26.4 26.4 146.9 156.7 154.8 155.8 157.5 158.6 165.2 168.1 11.2 52.3 17.1 29.3 11.4 52.5 17.3 29.9 83.7 76.2 43.2 21.6 21.6 9.9 46.1 14.4 28.3 6.5 35.4 6.3 57.2 89.3 81.7 46.4 23.2 23.2 10.9 48.7 15.8 28.5 7.3 38.9 6.6 61.5 85.6 78.2 45.1 22.6 22.6 10.4 49.9 15.4 27.3 6.9 38.4 6.4 63.5 87.9 79.7 46.5 23.2 23.2 11.0 48.4 15.8 29.0 91.2 82.0 46.7 23.4 23.4 11.1 47.7 15.7 28.9 10.9 49.0 16.2 28.7 6.7 8.6 7.1 7.6 38.4 38.9 40.0 40.9 6.5 6.7 60.4 6.8 6.8 7.6 42.6 6.9 61.8 57.3 56.6 526.6 556.0 542.6 553.5 549.3 578.7 701.4 736.3 720.0 728.9 743.9 752.4 598.9 779.1 633.7 809.3 60.3 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 Imports of services * Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees Other private services Other Residual Addenda: Exports of agricultural goods2 Exports of nonagricultural goods ..... Imports of nonpetroleum goods I IV II 791.2 857.0 828.2 847.4 851.4 901.1 922.7 965.0 573.9 628.4 605.2 619.2 623.0 666.2 686.2 729.9 42.8 47.2 43.2 43.8 116.4 121.9 119.8 119.9 121.3 126.6 127.6 133.8 44.5 44.0 44.6 41.2 45.4 76.0 46.3 80.4 46.9 80.8 49.2 84.7 263.5 310.4 292.0 306.6 305.8 337.2 356.1 388.8 42.3 74.2 44.8 77.1 42.8 76.9 44.7 75.3 29.4 23.3 31.8 33.7 38.6 97.2 87.8 94.0 100.3 66.5 180.7 ?033 195.4 1984 202.4 106.8 217.2 122.3 224.7 143.1 238.7 63.5 66.5 34.5 32.0 31.6 15.8 15.8 64.1 69.8 36.8 33.0 33.0 16.5 16.5 67.6 71.8 36.8 35.0 35.1 17.6 17.6 69.9 75.5 39.7 35.8 37.4 18.7 18.7 218.0 229.9 224.0 229.3 229.4 236.8 238.9 239.5 13.5 64.4 18.8 26.7 28.0 69.3 16.2 11.1 65.3 20.7 26.5 28.0 71.4 16.3 12.2 63.6 19.4 27.4 28.2 23.8 60.0 62.6 32.3 30.3 30.4 15.2 15.2 11.6 59.1 17.4 26.6 25.5 618 161 27.0 62.4 67.3 34.9 32.4 31.5 15.8 15.8 12.2 62.6 18.7 25.8 27.4 67.0 16.3 23.5 60.2 65.7 33.5 32.2 29.4 14.7 14.7 10.2 60.8 18.6 25.1 27.4 655 165 61.6 67.1 34.7 32.4 32.1 16.0 16.0 13.4 62.5 18.3 25.9 26.9 66.1 16.2 11.6 62.9 19.1 25.4 27.3 67.0 16.2 728 16.4 -11.9 -27.7 -22.2 -25.6 -29.9 -32.4 -42.8 -55.9 890.1 971.5 929.0 960.0 990.2 1,006.6 1,048.9 1,097.7 749.2 823.1 781.4 811.7 841.7 1. Exports and impi ment, are included in services. Beginning with 1986i repairs'and alterations of equipment are reclassified from goods to services. 2. Includes parts of foods, feeds, and beverages; of nondurable industrial supplies and materials; and of nondurable nonautomotive consumer goods. 1S 96 1996 857.5 891.3 937.7 32.5 33.2 34.2 35.3 107.9 114.2 109.5 112.7 116.9 29.3 32.3 31.5 31.8 117.7 118.3 123.7 58.8 58.1 67.5 59.1 58.5 64.0 59.1 59.2 246.5 294.5 275.6 284.2 298.6 319.6 622 340!3 62.0 61.6 67.7 98 11.3 11.4 88.7 118.3 107.0 114.4 121.5 154.4 177.6 169.1 170.5 179.1 12.2 11.7 13.2 130.2 191.8 144.4 202.8 165.1 214.4 118.7 173.9 131.0 176.5 127.4 187.4 21.8 21.8 90.0 83.9 44.0 22.0 22.0 91.5 84.9 46.4 23.2 23.2 97.0 90.4 49.6 24.8 24.8 141.2 149.0 147.8 148.8 149.3 150.0 158.4 161.3 10.0 44.7 15.1 27.4 11.0 49.1 15.7 28.1 11.2 49.7 15.3 28.8 53.5 54.3 59.3 98 57.3 568 63.8 54.3 55.2 57.9 57.1 55.6 65.9 11.2 114.8 11RR 114.2 1190 123.1 155.1 165.3 157.9 161.9 167.6 85.2 88.6 81.2 866 82.7 73.9 40.2 20.1 20.1 9.1 43.0 13.9 28.0 6.1 78.7 43.2 21.6 21.6 10.1 44.6 75.2 41.9 20.9 20.9 9.7 46.1 76.7 43.2 21.6 21.6 10.3 44.7 149 146 150 27.6 26.7 28.2 6.7 6.3 35.4 39.2 38.6 5.9 60 5.9 6.2 38.6 60 78.9 436 10.3 43.0 15.0 28.0 369.3 7.8 6.4 6.9 6.9 39.3 40.3 41.4 43.3 6.1 6.2 6.3 6.3 -10.7 -22.2 -17.6 -19.7 -22.4 -29.1 -37.0 -47.5 46.8 51.7 47.7 50.2 616.0 792.7 641.6 829.7 683.2 870.1 49.5 48.6 50.4 45.4 524.6 581.3 555.4 576.0 578.1 688.6 757.8 722.2 744.1 772.3 NoTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line following the detail for exports is the difference between the aggregate "exports of goods and services" and the sum of the detailed lines for exports of goods and export of services. The residual line following the detail for imports is the difference between the aggregate Imports of goods and services" and the detailed lines for imports of goods and imports of services. See footnotes to table 4.3. September 1997 National Data • D-13 SURVEY OF CURRENT BUSINESS 5. Saving and InvestmentTable 5.1,—Gross Saving and Investment [Billions of dollars] Seasonally adjusted at annual rates 1995 II I Gross saving , ,...M „.,. 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 Gross government saving Federal Consumption of fixed capital .. Current surplus or deficit (-), national income and product accounts State and local ...., Consumption of fixed capital ...,,. Current surplus or deficit (-), national income ancl product accounts Capital grants received by the United States (net) Gross investment Gross private domestic investment .-. ...,..,. Gross government investment , Net foreign investment . . Statistical discrepancy Addendum: Gross saving as a percentaqe of gross national product 1997 1996 1996 IV III II I 1,165.5 1,267.8 1,215.9 1,256.3 1,295.9 1,303.0 1,332.9 1,394.9 1,093.1 1,125.5 1,119.3 1,106.3 1,145.1 1,131.4 1,134.0 1,173.7 243.3 254,6 239.6 258.1 225.7 254.0 220.4 215.9 172,4 202.1 190.8 202.6 202.3 212.6 211.5 217.2 140.0 145.0 142.8 138.0 146.4 141.8 144.9 140.3 -5.4 -2.7 3.5 7.6 3.3 -24.3 -2.5 -5.1 51.6 61.8 57,9 61.6 63.2 64.4 67.7 69.6 428.9 224.1 452.3 230.5 1.1 443.0 226.2 1.1 448.5 228.3 1.1 455.5 232.2 1.1 462.0 235.2 1.1 467.4 238.0 1.2 472.5 239.6 1.2 142.3 -39.2 96.7 150.0 -40.2 150.8 -28.3 171.6 198.9 221.2 -82.6 71.2 71.0 71.4 71.2 -5.9 71.3 15.9 71.4 36.7 71.5 -99.5 179.1 -77.1 177.5 -55.5 182.9 -34.8 184.5 76.5 77.2 13.1 714 -103.6 70.9 -174.4 -110.5 -153.6 -111.6 176.0 181.5 179.3 190.2 72.9 76.2 75.2 103.1 105.3 104.1 0 0 75.8 114.4 0 0 102.6 100.4 0 78.2 104.7 0 0 79.1 105.3 0 t,137.2 1,207.9 1,165.6 1,206.0 1,216.4 1,243.5 1,268.6 1,321.3 1,038.2 1,116.5 1,060.5 1,105.4 1,149.2 1,151.1 1,193.6 1,242.8 213.4 224.3 222.0 226.3 223.6 225.3 223.3 227.1 -114.4 -132.9 -116.9 -125.6 -156.4 -132.9 -148.4 -148.6 -28.2 -59.9 -50.3 -50.2 -79.5 -59.5 -64.3 -73.6 16.0 16.6 16.3 16.5 16.9 16.7 16.8 17.4 Table 5.4.—Private Fixed Investment by Type Table 5.5.—Real Private Fixed Investment by Type [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1995 1996 1996 I Private 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 eauiDment Other Residential Structures Single family Multifamily Other structures Producers' durable eauiDment III IV I 723.0 781.4 750.7 769.3 798.6 200.6 215.2 205.7 210.6 217.7 807.2 811.3 227.0 227.4 227.2 143.8 159.8 149.8 155.5 162.5 171.2 174.0 172.1 33.2 33.3 33.4 32.9 32.7 34.1 32.0 33.9 16.3 16.1 15.7 16.0 16.5 16.0 16.1 15.6 7.3 6.2 6.7 6.1 6.0 5.8 5.3 522.4 566.2 545.0 558.7 580.9 580.2 583.9 837.6 5.6 610.5 172.8 195.1 188.0 190.9 201.1 200.3 65.6 78.7 76.4 76.8 80.9 81.0 202.8 208.1 81.8 84.4 107.2 121.5 116.3 127.5 111.6 124.7 114.1 129.2 120.3 128.2 119.3 127.9 121.0 127.7 123.7 134.7 125.7 102.4 134.5 109.1 127.1 105.3 130.8 107.9 140.0 111.5 140.1 111.9 137.7 115.7 148.6 119.0 285.1 309,2 298.8 312.7 313.5 312.0 316.2 324.0 277.8 145.2 301.7 159.1 291.5 153.4 305.2 160.2 305.9 162.2 304.4 160.6 308.3 161.0 316.1 161.9 17.9 20.3 20.2 21.7 19.2 20.1 21.9 23,2 114.8 122.3 117.9 123.2 124.5 123.7 125.3 131.0 7.2 7.5 7.3 7.5 7.5 7,6 7.9 7.9 1996 1996 I II 1,008.1 1,090.7 1,049.4 1,082.0 1,112.0 1,119.2 1,127.5 1,161.6 1. Includes new computers and peripheral equipment only. II 1995 1997 Private 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 Residual II 1997 III IV I II 962.1 1,041.7 1,001.5 1,035.7 1,060.9 1,068.7 1,079.0 1,112.6 706.5 771.7 736.9 759.7 789.3 800.8 808.9 838.5 179.9 188.7 182.1 185.6 190.0 196.9 195.9 193.9 128.8 140.0 132.7 137.0 141.7 148.4 150.1 147.2 30.0 29.3 29.7 29.1 28.7 29.5 27.5 28.9 14.3 13.9 13.6 13.9 14.1 13.8 13.6 13.0 6.7 5.5 6.0 5.4 5.4 5.1 4.6 4.8 528.3 586.0 557.4 577.1 602.9 606.7 616.6 650.4 201.8 253.1 232.8 244.8 264.3 270.4 281.4 296.5 102.8 107.0 113.4 160.8 116.3 117.0 138.7 111.7 114.8 152.0 114.0 118.8 170.0 120.3 117.6 182.4 119.3 116.9 195.8 121.5 116.8 216.0 124.1 123.4 118.9 125.0 100.8 119.2 97.0 97.9 121.8 100.1 129.5 102.8 129.7 102.5 127.5 106.1 137.4 109.1 257.0 272.1 266.1 277.2 274.1 271.1 273.3 278.0 250.0 126.9 265.0 136.6 259.1 133.1 270.0 138.6 266.9 138.3 263.9 136.2 265.9 136.2 270.6 136.1 206 114.4 16.9 18.6 18.9 20.2 17.5 18.0 19.6 106.7 110.2 107.5 111.7 111.5 110.0 110.5 7.0 -14.3 7.1 -39.4 7.0 -29.3 7.2 7.2 7.2 7.4 7.5 -34.1 -43.7 -50.3 -58.2 -69.9 1. Includes new computers and peripheral equipment only. NoTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. D-14 • National Data SURVEY OF CURRENT BUSINESS September 1997 Table 5.10.—Change in Business Inventories by Industry Table 5.11,—Real Change in Business Inventories by Industry [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates 1995 1996 1996 Seasonally adjusted at annual rates 1995 1997 I Change in business inventories .... 30.1 Farm ,.....„. -7.9 Nonfarm 38.1 Change in book value 67.2 Inventory valuation adjustment .......... -29.2 Manufacturing 8.4 Durable goods 5.8 Nondurable goods 2.6 13.4 Wholesale trade Durable goods 11.7 1.7 Nonduraole goods Merchant wholesalers ................... 11.3 Durable goods 10.1 1.2 Nondurable goods Nonmerchant wholesalers 2.1 Durable goods 1.7 Nondurable goods .5 Retail trade ... ..... 9.3 Durable goods 6.9 Motor vehicle dealers 4.6 Other .. .. 2.3 2.4 Nondurable goods Other 7.0 Durable goods ...... 4.6 2.3 Nondurable goods 25.9 2.9 23.0 28.2 -5.1 10.6 10.2 II III IV I 11.1 23.4 37.1 31.9 66.1 81.2 -83 14.8 24.2 -9.4 13.4 14.8 -1.4 6.2 17.2 22.0 -4.8 .5 4.7 5.8 31.3 33.8 -2.4 15.3 14.4 3.2 28.7 32.6 -3.9 13.3 6.8 6.4 .4 -4.2 .9 3.3 6.0 4.8 -77 10.1 6.7 4.1 4.7 -5.5 2.5 .8 -.7 .7 -12.4 15.6 2.4 2.4 3.6 -8.0 11.7 3.1 4.2 -32 3.6 1.0 .5 -1.2 .5 -12.1 14.8 .9 3.6 1.2 .3 -1.6 .6 3.1 .6 -2.3 1.0 .3 .2 -.3 .8 .5 4.1 -138 8.1 21.2 1.1 9.1 14.6 -3.3 1.9 -13.1 -1.6 -18.5 5.3 11.9 -5.3 3.5 5.5 3.9 2.7 2.0 2.3 -.8 -1.1 6.6 4.4 5.0 9.2 3.8 2.5 4.3 2.3 8.8 .1 -.5 .8 .4 3.7 2.9 3.4 2.6 3.9 62.2 44.5 17.7 22.3 12.9 9.3 24.3 15.4 8.9 18.9 12.3 6.6 5.4 3.1 2.3 .6 1.4 -2.9 4.2 -.8 15.2 2.1 13.0 6.1 75.1 56.3 18.9 31.9 17.4 14.5 25.7 24.5 1.2 17.8 19.9 -2.2 7.9 4.6 3.4 10.5 3.3 -3.0 6.3 7.2 7.0 1.8 5.2 NOTE.—Estimates for nonfarm industries other than manufacturing and trade for 1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 and earlier periods and trade estimates for 1966 and and earlier periods are based on the 1972 SIC; later estimates for these industries are based on the 1987 SIC. The resulting discontinuities are small. 1996 1996 II 1997 I Change in business inventories .... Farm Nonfarm Manufacturing Durable goods Nondurable goods Wholesale trade Durable goods Nondurable goods Merchant wholesalers •. Durable goods Nondurable goods Nonmerchant wholesalers Durable goods . .. .. Nondurable goods Retail trade Durable goods Motor vehicle dealers Other Nondurable goods Other Durable goods Nondurable goods Residual 27.3 -9.2 35.7 7.8 5.5 2.3 12.7 11.3 1.5 10.6 9.6 1.1 2.1 1.6 .4 8.8 6.3 4.1 2.2 2.3 6.5 4.1 2.3 1.0 25.0 2.6 22.5 II III IV I II 8.0 21.3 37.9 32.9 63.7 77.7 -6.8 14.5 12.5 14.0 -1.2 9.9 9.7 .4 4.0 6.0 2.4 6.4 -.2 1.6 3.2 2.7 3.4 1.8 1.3 -.7 3.4 .8 .6 3.0 .3 .5 4.0 -12.6 1.7 -11.8 -1.4 -16.3 5.1 3.3 2.3 -.5 8.2 4.5 2.1 7.8 2.4 .2 -.4 -.5 4.2 17.3 .6 4.6 -3.7 5.5 3.9 1.7 4.4 3.0 1.5 1.1 .9 .2 7.8 8.3 4.6 3.6 -.8 3.4 .1 3.4 -.3 6.5 31.6 14.3 13.8 .8 -5.0 4.5 -9.0 -5.2 3.9 -8.7 .3 .5 -.2 20.0 13.3 10.6 2.5 6.5 2.3 -.4 2.8 -.7 6.4 26.5 12.3 6.6 5.7 9.4 -5.2 13.9 10.9 -3.0 13.3 -1.5 -2.3 .6 .9 -5.0 -4.7 1.8 4.1 3.9 .7 3.2 .5 5.3 58.3 20.9 12.3 8.5 22.9 14.8 8.1 17.8 11.8 6.0 5.1 3.0 2.1 .6 1.2 -2.5 3.9 -.7 13.7 1.8 12.0 .2 7.4 70.4 30.0 16.6 13.3 24.3 23.6 1.1 16.8 19.2 -1.9 7.6 4.5 3.1 9.7 2.9 -2.8 5.9 7.0 6.4 1.5 4.9 -1.0 NoTE.-Chained (1992) dollar series for real change in business inventories are calculated as the period-lo-period change in chained-dollar end-of-period inventories. Quarterly changes in end-of-period inventories are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. See note to table 5.10. September 1997 National Data • D-15 SURVEY OF CURRENT BUSINESS Table 5.12.—Inventories and Domestic Final Sales of Business by Industry Table 5.13.—Real Inventories and Real Domestic Final Sales of Business by Industry [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted quarterly totals Seasonally adjusted quarterly totals 1996 I Inventories1 Farm Nonfarm Durable goods Nondurable goods Manufacturing Durable goods Nondurable goods Wholesale trade Durable goods Nondurable goods Merchant wholesalers Durable goods .: Nondurable goods Nonrnerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers .. .. Other Nondurable goods Other Durable goods Nondurable goods Final sales of domestic business2 Final sales of goods and structures of domestic business 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 . II 1996 1997 III IV I 1,264.9 1,276.9 1,287.1 1,294.5 1,306.1 97.7 104.3 106.0 102.6 107.2 1,167.2 1,172.6 1,181.2 1,191.9 1,198.9 662.5 667.1 675.6 675.2 684.4 504.7 505.5 505.5 516.7 514.5 433.2 432.5 436.3 440.3 443.3 267.6 268.4 271.4 273.7 277.0 165.6 164.0 164.9 166.6 166.3 300.7 303.2 300.3 300.8 306.2 184.5 185.3 186.6 184.9 188.7 116.3 117.9 113.6 116.0 117.5 259.1 261.5 257.9 258.6 263.4 160.1 160.7 161.9 160.7 163.9 99.0 97.9 100.8 96.0 99.5 II 1,318.5 107.6 1,210.9 694.1 516.8 448.7 281.1 167.6 310.9 194.7 116.2 266.5 168.7 41.7 24.4 17.3 41.7 24.6 17.1 42.4 24.8 17.6 42.3 24.1 18.1 42.8 24.9 17.9 97.8 44.4 26.0 18.4 303.5 162.7 306.0 164.9 312.5 168.8 313.0 167.7 313.3 168.7 313.8 167.9 81.7 81.0 82.6 82.4 85.5 83.3 83.9 83.9 83.6 85.1 81.2 86.7 140.9 129.8 141.1 130.9 143.6 132.1 145.3 137.7 144.6 136.1 145.9 137.6 47.8 82.0 48.5 82.4 48.7 83.4 48.9 88.8 50.0 86.2 50.5 87.2 519.8 529.5 533.1 542.6 550.0 556.2 280.0 285.2 285.9 289.9 294.1 296.1 2.43 2.25 2.41 2.21 2.41 2.22 2.39 2.20 2.37 2.18 2.37 2.18 4.17 4.11 4.13 4.11 4.08 4.09 1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GDP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at quarterly rates, whereas CBI 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 of general government and includes a small amount of final sales by farm. I Inventories1 Farm Nonfarm Durable goods Nondurable goods Manufacturing Durable goods Nondurable goods Wholesale trade . . Durable goods Nondurable goods Merchant wholesalers Durable goods Nondurable goods Nonrnerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers Other Nondurable goods Other Durable goods Nondurable goods Residual Final sales of domestic business2 Final sales of goods and structures of domestic business2 •. 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 li 1997 Hi 1,185.9 1,191.2 1,200.7 98.2 100.9 99.3 1,087.0 1,091.4 1,099.3 622.2 626.5 634.3 464.7 464.8 464.9 402.9 403.0 406.6 254.7 255.9 259.3 148.3 147.3 147.5 279.9 281.3 280.1 177.1 178.1 179.2 102.9 103.3 101.1 240.3 241.4 240.1 153.4 154.1 155.1 IV I II 1,208.9 102.5 1,105.9 634.0 471.7 409.7 260.9 148.9 282.4 177.9 104.6 242.8 154.3 1,224.8 103.8 1,120.5 641.5 478.8 414.9 264.0 151.1 288.1 181.6 106.6 247.3 157.3 1,244.3 105.7 1,138.1 652.5 485.4 422.4 268.2 154.4 294.2 187.5 106.9 251.5 162.1 87.1 39.6 23.8 15.8 87.5 39.9 24.0 15.9 85.3 39.9 24.2 15.8 88.6 39.5 23.6 16.0 90.1 40.8 24.3 16.5 89.6 42.7 25.5 17.3 285.5 147.8 287.4 149.8 292.4 153.2 292.7 152.4 292.8 152.7 295.2 153.4 71.9 76.0 73.0 76.9 75.7 77.5 74.5 78.0 73.9 79.0 73.2 80.4 137.5 118.7 137.3 119.5 138.9 120.1 140.0 121.1 139.8 124.5 141.5 126.1 42.4 76.1 42.4 77.0 42.3 77.7 42.5 78.4 42.9 81.4 43.3 82.7 .7 478.2 .6 484.5 .5 484.7 .7 491.1 .7 495.1 .4 498.9 264.1 268.4 268.2 271.8 274.5 276.0 2.48 2.27 2.46 2.25 2.48 2.27 2.46 2.25 2.47 2.26 2.49 2.28 4.12 4.07 4.10 4.07 4.08 4.12 1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas, the change in the 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 of general government and includes a small amount of final sales by farm. NoTE.-Chained (1992) dollar inventory series are calculated as the product of the chain-type quantity index and the average of the end-of-year fixed-weighted inventories for 1991 and 1992, divided by 100. Chained (1992) dollar final sales series are calculated as the product of the chain-type index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines for inventories. D-16 • National Data SURVEY OF CURRENT BUSINESS September 1997 6. Income and Employment by IndustryTable 6.1 C.—National Income Without Capital Consumption Adjustment by Industry Table 6.16C.—Corporate Profits by Industry [Billions of dollars] [Billions of dollars] Seasonally adjuste3d at arinual fcites Seasonally adjusted at annual rates 1995 1996 1996 I National income without capital consumption adjustment Domestic industries Private industries Agriculture, forestry, and fishing Mining Construction Manufacturing Durable goods Nondurable goods Transportation and public utilities Transportation Communications Electric, gas, and sanitary services Wholesale trade Retail trade . Finance, insurance, and real estate Services Government Rest of the world II 1995 1997 III IV I I II 5,888.4 6,219.6 6,076.5 6,193.7 6,267.7 6,340.4 6,470.8 6,555.7 5,883.2 6,217.9 6,068.8 6,190.9 6,274.7 6,337.3 6,485.1 6,578.5 5,057.8 5,362.6 5,224.4 5,339.1 5,415.0 5,472.0 5,608.9 5,696.6 88.2 45.0 105.6 266.7 109.6 110.8 104.8 46.9 98.8 47.7 47.8 46.9 45.0 48.2 285.2 279.1 283.3 286.9 291.4 298.2 109.0 1,069.2 1,110.1 1,086.8 1,110.7 1,120.8 1,122.1 1,134.6 608.2 634.5 619.8 636.2 642.7 639.4 651.0 461.0 475.6 467.0 474.5 478.1 482.8 483.6 440.7 184.4 128.5 456.7 191.0 135.0 449.6 185.8 132.8 460.8 191.3 137.0 459.3 194.6 137.0 457.3 192.3 133.1 467.1 199.6 135.5 127.8 130.8 131.1 132.6 127.7 131.9 132.0 325.4 480.1 349.1 503.7 341.1 491.6 340.0 503.9 350.6 506.8 364.8 512.3 372.4 527,7 1,024.4 1,095.3 1,061.9 1,091.2 1,111.5 1,116.5 1,168.9 1,318.1 1,410.1 1,367.8 1,396.6 1,423.2 1,452.9 1,481.1 825.3 855.3 844.4 851.8 859.7 5.2 1.7 7.8 2.8 -7.0 865.2 876.2 881.9 3.1 -14.3 -22.8 Corporate profits with inventory valuation and capital consumption adjustments 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 Transportation Communications Electric, gas, and sanitary services Wholesale trade Retail trade Other Rest of the world 19 97 1996 1996 II III IV I II 650.0 735.9 717.7 738.5 739.6 747.8 779.6 794.5 563 ? 640.0 626.6 645.2 647.8 640.3 682.2 6959 78.5 106.8 106.8 88.7 94.2 101.2 102.4 94.6 4746 5458 5254 5428 5533 5617 5754 589.0 867 95,9 91,1 933 91,8 107,5 97,4 98,7 120.2 132.7 125.7 128.9 133.4 142.6 139.9 144.6 33.5 36.7 34.6 35.7 41.6 35.0 42.5 46.0 598.4 674.1 659.8 676.8 676.4 683.4 711.9 725.0 511.7 578.2 568.7 583.5 584.6 575.8 614.5 626.3 97.6 103.5 110.4 111.5 104.0 88.1 116.5 1166 22.2 75.4 22.0 81.5 21.8 88.6 21.9 89.6 22.0 82.0 22.3 65.8 22.8 93.7 23.2 93.5 414.1 474.7 458.3 472.0 480.7 487.8 498.0 509.7 1813 2055 1971 2048 2105 2097 2082 94.5 98.9 102.9 99.7 101.3 99.0 85.2 5.6 5.9 4.4 7.0 5.1 3.9 6.5 12.4 17.1 16.2 16.2 22.0 25.8 27.0 192 239 19.0 217 -.1 -.2 ^3.2 -2.7 308 ?f>3 ?98 960 1065 10? 7 1058 27.1 30.3 18.1 17.4 ?4fi 18.0 25.9 24.0 252 296 314 -1.5 -8.3 -1.3 ?86 306 ?f>9 1077 1099 1069 28.8 34.2 28.0 31.5 28.9 28.8 12.4 10.0 11.9 37.7 37.3 34.9 91.2 90.5 91.5 149 11.4 13.0 37.6 34.8 33.8 40.6 44.3 42.8 37.7 47.4 490 27.3 31.8 32.6 86.4 11.4 33.6 41.4 28.5 31.2 10.0 36.8 91.7 11.7 36.0 44.0 ?R9 419 383 489 37? 460 506 506 483 551 77.6 90.3 89.1 89.7 90.6 91.9 94.2 86.7 95.9 91.1 93.3 91.8 107.5 97.4 6.0 5.2 38.3 88.9 96 34.4 44.9 23.8 32.4 12.8 369 96.0 12.5 373 46.2 30.8 NOTE.— Estimates in this table are based on the 1987 Standard Industrial Classification. 98.7 September 1997 National Data • D-17 SURVEY OF CURRENT BUSINESS 7. Quantity and Price IndexesTable 7.1.—Quantity and Price Indexes for Gross Domestic Product [Index numbers, 1992=100] Seasonalh/ adjuste d Seasonall i adjuste d 1995 I Gross domestic product: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator Personal consumption expenditures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Durable goods: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator ... . Nondurable goods: Current dollars ... . Chain-type price index Implicit price deflator Services: Current dollars Chain-type Quantity index Chain-type price index Implicit price deflator Gross private domestic investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Fixed investment: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator Nonresidentiai: Current dollars Chain-type quantity index Chain-type price index ... Imrtli/Nit rkris\A Af\(\ntr\r implicit price deflator Structures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Producers' durable equipmentCurrent dollars Chain-type Quantity index Chain-type price index Implicit price deflator Residential: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator 1995 1997 19 96 1996 II III IV I 116.35 107.97 107.76 107.76 122.29 110.95 110.22 110.21 119.59 109.32 109.35 109.39 121.83 110.92 109.86 109.84 122.93 111.20 110.59 110.54 124.80 112.38 111.10 111.05 127.05 113.73 111.78 111.71 128.68 114.74 112.20 112.14 117.49 108.90 107.89 107.89 123.41 111.71 110.47 110.47 121.00 110.65 109.34 109.35 122.97 111.67 110.13 110.12 123.88 111.81 110.80 110.79 125.79 112.72 111.61 111.60 128.10 114.18 112.21 112.20 128.75 114.46 112.50 112.49 124.57 119.46 104.27 104.27 129.88 125.09 103.83 10383 128.29 122.95 104.25 10434 130.72 125.84 103.89 10388 129.87 125.25 103.72 10369 130.64 134.77 131.93 126.32 130.55 128.76 103.45 103.27 102.50 10341 10324 10246 111.65 11611 11410 KIR ftfi infl 4ft 1fi7 f\9 11592 11638 11803 12009 11940 1HR 7n •jno AO ino nQ 11 n OQ mo. Rfi 104.48 107.15 106.02 107.04 107.29 108.26 108.90 108.89 104.48 107.15 106.02 107.03 107.28 108.25 108.89 108.89 11925 10789 110.53 110.53 12610 11086 113.76 113.76 12330 10984 112.27 112.26 12527 12678 12907 131 15 13324 131.34 125.44 104.71 104.70 141.26 135.26 104.50 104.43 134.17 128.06 104.57 104.77 139.85 134.00 104.31 104.36 145.38 139.21 104.63 104.44 145.63 139.77 104.50 104.19 151.01 145.39 104.23 103.86 157.23 151.67 103.99 103.67 12867 122.81 104.78 104.77 13922 132.97 104.70 104.70 13396 127.84 104.70 104.78 13811 132.20 104.50 104.47 141 94 135.42 104.85 104.82 14286 136.41 104.75 1U4./3 14391 137.73 104.52 104.49 14827 142.02 104.43 104.40 129.60 140.07 134.56 137.90 126.65 138.33 132.10 136.19 102.33 101.26 101.74 101.29 •inn nn IfM OC M\4 Q7 •IfH OC 102.00 101.26 101.87 101.26 143.15 141.48 101.21 101.18 144.69 143.54 100.82 •\r\f\ Q/-I 100.80 145.43 150.15 145.00 150.31 100.31 99.92 •\r\f\ OQ on on 100.29 99.90 11417 11067 11093 111 99 11305 113.20 114.29 115.26 116.02 116.71 113.19 114.28 115.25 116.01 116.70 118.57 127.22 121.57 124.47 128.66 134.16 134.40 134.28 10635 111 51 10763 10968 11232 11640 11579 11464 111.49 114.09 112.97 113.50 114.58 115.30 116.11 117.18 111.49 114.09 112.96 113.48 114.55 115.26 116.07 117.14 134.40 145.67 140.22 143.74 149.45 149.27 150.23 157.05 135.91 150.77 143.41 148.48 155.10 156.09 158.63 167.33 98.89 96.62 97.60 96.84 96.38 95.65 94.72 93.87 98.89 96.62 97.78 96.81 96.36 95.63 94.70 93.86 126.39 113.94 110.93 110.93 137.10 120.64 113.64 113.64 132.45 117.96 112.29 112.29 138.64 122.91 112.80 112.80 138.97 121.51 114.37 114.36 138.33 120.18 115.10 115.10 140.16 121.17 115.68 115.68 143.63 123.27 116.52 116.52 NOTE.— Chain-type quantity and price indexes are calculated from weighted averages of the detailed output and prices used to prepare each aggregate and component. Implicit price deflators are weighted averages of the detailed price indexes used to prepare each aggregate and component and are calculated as the ratio of current- to chained- 19 96 1996 19 97 IV I II III 132.96 129.52 102.50 102.66 135.27 132.53 102.14 102.07 135.07 133.15 101.47 101.44 141.48 144.22 149.93 140.92 144.30 150.92 100.35 99.90 99.30 100.39 99.95 99.34 130.13 137.63 135.08 136.82 127.91 140.05 134.88 138.00 101.74 98.27 99.91 99.24 101.74 98.27 100.15 99.14 135.89 138.85 97.89 97.86 142.75 146.26 153.85 148.48 152.94 162.69 96.06 95.55 94.49 96.14 95.63 94.57 II Exports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Exports of goods: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator Exports of services: (*\ irront Hnllore Chain-type quantity index ... Chain-type price index Implicit price deflator Imports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Imports of goods: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator Imports of services: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator Government consumption expenditures and gross investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Federal: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator National defense: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator Nondefense: Current dollars Chain-type quantity index Chain-type price index ... Implicit price deflator State and local: Current dollars Chain-type quantity index ... Chain-type price index Implicit price deflator 128.00 123.74 103.44 103.44 136.19 134.03 101.61 101.61 I II 100 07 1 0O Q1 107 OR 171 f\A •JOO 4 A •JOQ AQ 17Q 47 114.27 120.51 117.43 120.19 120.28 124.14 125.27 107.61 110.21 109.06 109.53 110.70 111.55 111.29 107.61 110.21 108.97 109.53 110.70 111.56 111.30 125.57 112.05 112.06 135.20 144.36 139.50 143.32 146.14 148.47 152.63 133.05 145.22 138.87 143.51 148.03 150.48 156.80 100.28 99.83 98.76 98.75 97.42 101.62 99.41 101.62 99.40 100.46 99.87 98.73 98.66 97.34 156.65 164.10 95.55 95.46 13904 14849 14287 14737 15053 15318 15707 137.50 151.06 143.42 148.97 154.49 157.37 163.58 101.12 98.30 99.41 98.88 97.47 97.42 96.11 101.12 98.29 99.62 98.92 97.44 97.34 96.02 161.48 172.09 93.91 93.83 133 13 127.64 104.31 104.30 13548 129.96 104.26 104.25 10726 111 31 10953 111 33 111 84 11254 11340 99.06 99.54 98.37 100.10 99.83 99.85 99.74 108.28 111.83 111.27 111.23 112.07 112.76 113.74 108.28 111.83 111.34 111.22 112.04 112.71 113.69 11462 100.50 114.10 114.05 96.51 98.49 97.80 99.37 98.79 98.03 97.75 87.04 85.76 88.21 89.08 87.92 87.29 89.15 108.34 112.03 111.85 111.47 112.05 112.74 114.10 108.34 112.02 112.04 111.46 111.99 112.62 113.98 99.66 87.19 114.42 114.30 93.87 92.71 91.70 95.09 94.41 93.29 91.37 85.84 84.56 83.79 86.01 85.00 83.44 80.86 106.83 111.02 110.38 110.58 111.16 111.94 113.14 106.83 111.02 110.64 110.56 111.07 111.80 112.99 93.29 82.36 113.41 113.27 108.39 109.90 110.37 109.93 109.58 109.72 113.52 95.70 96.72 95.93 95.69 97.54 96.88 96.01 111.88 114.47 115.28 113.63 114.25 114.72 116.44 111.88 114.47 115.34 113.66 114.23 114.66 116.39 115.39 98.80 116.85 116.80 119.92 107.97 111.08 111.07 125.36 110.05 113.92 113.91 11838 113.82 104.01 104.01 114.97 106.23 108.24 108.24 12623 120.06 105.13 105.13 120.51 107.88 111.71 111.71 12470 119.13 104.67 104.68 117.95 106.33 110.92 110.93 12555 119.94 104.68 104.68 12689 120.29 105.50 105.49 121.22 108.17 112.07 112.07 dollar output multiplied by 100. Percent changes from preceding period for items in this table are shown in table 8.1. 12776 120.90 105.69 105.68 122.96 109.04 112.77 112.76 124.63 109.78 113.54 113.52 14H 70 D-18 • National Data September SURVEY OF CURRENT BUSINESS Table 7.2.—Quantity and Price indexes for Gross Domestic Product, Final Sales, and Purchases Table 7.4.—Chain-Type Quantity and Price Indexes for Personal Consumption Expenditures by Major Type of Product [Index numbers, 1992=100] [Index numbers, 1992=100] Seasonally adjusted Seasonally adjusted 1995 1996 I Gross domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Final sales of domestic product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross domestic purchases: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Final sales to domestic purchasers: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Addenda: Chain-type price indexes for gross domestic purchases: Food Energy Gross domestic purchases less food and energy 116.35 107.97 107.76 107.76 122.29 110.95 110.22 110.21 119.59 109.32 109.35 109.39 II 121.83 110.92 109.86 109.84 1995 1997 1996 III 122.93 111.20 110.59 110.54 IV 124.80 112.38 111.10 111.05 I 127.05 113.73 111.78 111.71 116.00 107.62 107.79 107.79 122.01 110.64 110.28 110.28 119.54 109.26 109.39 109.41 121.59 110.66 109.91 109.88 122.47 110.70 110.65 110.63 124.43 111.93 111.17 111.16 126.13 112.77 111.85 111.85 127.52 113.55 112.31 112.30 117.17 108.98 107.52 107.52 123.22 112.17 109.86 109.85 120.35 110.35 109.01 109.06 122.75 112.11 109.50 109.49 124.16 112.77 110.15 110.10 125.62 113.46 110.79 110.72 128.03 115.09 111.32 111.24 129.49 116.18 111.54 111.46 116.82 108.63 107.54 107.54 122.95 111.86 109.91 109.91 120.30 110.29 109.05 109.08 122.52 111.86 109.54 109.53 123.71 112.28 110.20 110.18 125.25 113.02 110.85 110.83 127.11 114.14 111.39 111.37 128.34 114.99 111.64 111.61 106.38 109.42 107.93 108.76 109.98 111.02 111.35 111.79 101.92 107.01 104.17 107.91 106.72 109.23 110.89 105.80 107.93 110.06 109.38 109.67 110.34 110.86 111.36 111.80 NoTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1. Table 7.3.—Quantity and Price Indexes for Gross National Product and Command-Basis Gross National Product [Index numbers, 1992=100] Gross national product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator 116.23 107.88 122.10 119.50 110.81 109.26 107.74 110.19 109.33 107.73 110.18 109.37 121.66 110.78 109.83 109.82 122.60 110.95 110.55 110.50 124.63 112.27 111.06 111.01 126.60 113.37 111.73 111.67 128.09 114.26 112.15 112.10 Less: Exports of goods and services and receipts of factor income: Chain-type quantity index Plus: Command-basis exports of goods and services and receipts of factor income: Chain-type quantity index Equals: Command-basis gross national product: Chain-type quantity index 128.61 137.88 133.37 135.83 137.24 145.06 147.60 154.00 130.43 140.35 135.80 138.30 140.23 147.07 150.74 158.95 108.11 111.12 109.56 111.09 111.32 112.52 113.76 114.88 NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. I II 128.68 114.74 112.20 112.14 1996 1996 Chain-type quantity indexes 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 Chain-type price indexes Personal consumption expenditures II 1997 III IV I II 108.90 111.71 110.65 111.67 111.81 112.72 114.18 114.46 119.46 125.09 122,95 125.84 125.25 126.32 130.55 128.76 110.96 111.82 112.81 113.23 111.06 110.19 112.83 107.83 131.20 142.35 136.86 142.54 143.80 146.18 151.75 154.36 116.10 122.72 119.37 122.87 122.66 125.98 131.48 129.68 106.86 108.36 107.62 108.30 108.48 109.03 110.29 109.66 104.63 114.19 106.12 96.27 107.06 104.51 118.70 107.02 97.19 110.16 104.92 115.97 105.94 101.83 108.24 104.59 118.99 107.43 95.34 109.50 104.14 120.09 107.01 96.86 110.55 104.39 119.73 107.69 94.75 112.37 105.25 122.88 107.56 86.25 114.07 104.32 121.32 108.69 92.85 113.83 107.89 110.86 109.84 110.67 110.93 111.99 113.05 114.17 106.40 113.97 107.93 118.44 117.16 104.38 108.37 108.25 116.65 110.55 121.17 123.11 106.42 112.64 107.54 116.30 111.68 119.74 121.53 105.07 111.55 108.02 117.64 112.32 121.60 122.64 106.11 112.27 108.48 115.15 107.74 120.61 123.64 106.67 112.84 108.97 117.51 110.47 122.71 124.64 107.81 113.91 109.52 116.02 106.82 122.79 126.10 108.93 116.15 110.09 119.34 112.53 124.38 126.52 109.99 117.25 107.89 110.47 109.34 110.13 110.80 111.61 112.21 112.50 Durable goods Motor vehicles and parts Furniture and household equipment Other 104.27 103.83 104.25 103.89 103.72 103.45 103.27 102.50 Nondurable goods Food Clothing and shoes Gasoline and oil Fuel oil and coal Other 104.48 107.15 106.02 107.04 107.29 108.26 108.90 108.89 Services Housing . Household operation Electricity and gas Other household operation Transportation Medical care Other Addenda: Price indexes for personal consumption expenditures: Food Energy * Personal consumption expenditures less food and energy 110.53 113.76 112.27 113.20 114.29 115.26 116.02 116.71 110.99 112.95 112.42 112.70 113.15 113.55 113.84 113.27 96.67 93.71 94.93 94.04 93.38 92.50 91.84 90.84 106.04 106.48 106.98 106.53 106.26 106.14 106.22 105.64 106.46 98.90 101.16 97.23 105.86 109.02 106.28 103.92 107.97 109.68 114.50 110.07 109.63 98.75 107.44 108.92 108.22 112.43 109.08 106.35 111.01 112.22 117.43 113.69 108.08 99.33 103.70 105.15 107.56 111.25 107.63 104.88 109.58 110.55 116.32 111.63 108.98 99.00 109.77 108.68 108.09 112.00 108.73 105.87 110.75 111.76 117.07 112.76 110.20 98.08 106.47 105.69 108.57 112.85 109.63 106.92 111.55 112.43 117.72 114.63 111.27 98.56 109.83 116.17 108.67 113.60 110.32 107.73 112.16 114.15 118.62 115.76 111.65 99.29 112.13 116.49 109.21 114.42 111.37 109.66 112.63 114.88 119.41 116.33 112.09 100.37 104.78 108.77 110.08 115.34 111.03 107.94 113.21 116.44 119.95 117.12 106.46 109.63 108.08 108.98 110.20 111.27 111.65 112.09 102.30 106.96 104.32 107.82 106.63 109.07 111.11 106.47 108.54 110.88 109.92 110.52 111.21 111.87 112.41 112.99 1. Consists of prices for gasoline and oil, fuel oil and coal, and electricity and gas. Table 7,6.—Chain-Type Quantity and Price Indexes for Private Fixed Investment by Type [Index numbers, 1992=100] Table 7.9.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services and for Receipts and Payments of Factor Income [Index numbers, 1992=100] Seasonally adjusted 1995 1996 1996 I Chain-type quantity indexes Private fixed investment Nonresidentiai Structures Nonresidentiai buildings, including farm Utilities Mining exploration, shafts, and wells . Other structures Producers9 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 Chain-type price indexes Private fixed investment Nonresidentiai Structures Nonresidentiai buildings, including farm Utilities Mining exploration, shafts, and wells Other structures Producers' durable equipment Information processing and related equipment Computers and peripheral equipment 1 Other Industrial equipment Transportation and related equipment Other Residential Structures Single family Multifamily Other structures Producers' durable eauioment Seasonally adjusted 1997 III IV I 1995 II 1996 1997 1996 I 122,81 132.97 127.84 132.20 135.42 136.41 137.73 142.02 126.65 138.33 132.10 136.19 141.48 143.54 145.00 150.31 106,35 111.51 107.63 109.68 112.32 116.40 115.79 114.64 113.81 123.67 117.22 121.08 125.22 131.15 132.58 130.02 86.99 84.83 86.02 84.43 83.23 85.66 79.80 83.81 107.86 104.18 102.62 104.36 106.20 103.54 102.45 81.72 66.68 73.43 66.10 65.30 61.90 55.98 97.56 58.57 135,91 150.77 143.41 148.48 155.10 156.09 158.63 167.33 150.40 188.61 173.50 182.43 196.97 201.54 209.70 221.00 233.89 365.81 315.68 345.83 386.78 414.95 445.54 491.60 118.57 128.90 123.76 126.35 133.29 132.21 134.66 137.55 126.96 131.01 128.50 133.01 131.64 130.91 130.81 138.12 137.98 145.10 138.30 141.33 150.25 150.54 147.92 159.40 122.68 127.58 123.88 126.68 130.11 129.66 134.23 138.02 113,94 120.64 117.96 122.91 121.51 120.18 121.17 123.27 113,91 108.94 129.13 118.66 120.71 117.22 142.27 122.54 118.03 114.23 144.22 119.62 123,01 118.96 153.96 124.26 121.59 118.73 133.41 123.96 120.21 116.95 137.49 122.33 121.13 116.95 149.84 122.86 123.26 116.86 157.09 127.24 115.09 118.12 115.34 119.04 118.83 119.28 122.83 123.89 104.78 104.70 104.70 104.50 104.85 104.75 104.52 104.43 102.33 101.26 101.74 101.29 101.21 100.82 100.31 99.92 111,49 114.09 112.97 113.50 114.58 115.30 116.11 117.18 111.62 114.14 112.93 113.52 114.72 115.38 116.02 116.98 110.79 113.70 112.68 113.07 113.75 115.29 116.17 117.43 113.66 115.89 115.19 115.59 116.56 116.21 118.47 120.16 108.30 112.33 111.51 111.93 112.46 113.43 114.82 116.45 98.89 96.62 97.60 96.84 96.38 95.65 94.72 93.87 85.64 77.09 80.34 77.91 76.06 74.05 72.06 70.17 63.84 48.98 54.51 50.11 47.21 44.10 41.47 38.79 100.21 100.04 99.96 100.10 100.02 100.07 99.65 99.73 107.12 108.96 108.62 108.75 109.06 109.41 109.34 109.22 105.71 107.56 106.62 107.40 108.18 108.03 108.09 108.21 105.64 108.24 107.56 107.74 108.46 109.20 109.05 109.11 110.93 113.64 112.29 112.80 114.37 115.10 115.68 116.52 111.12 114.40 105.80 107.56 113.88 116.50 109.10 111.02 112.50 115.26 106.97 109.61 113.03 115.61 107.85 110.31 114.62 117.27 110.17 111.68 115.36 117.84 111.69 112.50 115.94 118.15 111.87 113.47 116.83 118.95 112.63 114.49 103.91 104.84 104.59 104.22 104.94 105.59 106.27 105.27 1. Includes new computers and peripheral equipment only. II D-19 National Data SURVEY OF CURRENT BUSINESS September 1997 Chain-type quantity indexes Exports of goods and services Goods1 Durable Nondurable Services l Receipts of factor income Imports of goods and services Goods ' Durable Nondurable Services 1 . Payments of factor income Chain-type price indexes Exports of goods and services Goods 1 . Durable Nondurable Services1 Receipts of factor income Imports of goods and services Goods1 Durable Nondurable Services 1 Payments of factor income 123,74 127.91 136.66 111.02 114.27 134.03 140.05 153.97 114.40 120.51 II III IV I II 129.52 134.88 145.95 113.97 117.43 132.53 138.00 152.58 111.30 120.19 133.15 138.85 153.17 112.57 120.28 140.92 148.48 164.19 119.77 124.14 144.30 152.94 171.81 119.12 125.27 150.92 162.69 184.79 123.48 125.57 150.59 155.36 150.85 150.91 155.79 163.87 162.90 168.43 133.05 137.50 147.71 119.57 113.82 145.22 151.06 164.50 127.78 120.06 138.87 143.42 156.00 121.59 119.13 143.51 148.97 161.60 126.96 119.94 148.03 154.49 168.17 130.74 120.29 150.48 157.37 172.22 131.83 120.90 156.80 163.58 182.08 132.70 127.64 164.10 172.09 190.74 140.78 129.96 158.25 165.78 157.21 160.60 171.97 173.34 184.53 196.29 103.44 101.61 102.50 102.14 101.47 100.35 99.90 99.30 101.74 98.27 99.91 99.24 97.89 96.06 95.55 94.49 95.89 90.93 93.17 91.57 90.21 88.77 88.13 87.40 115.55 116.09 116.09 117.87 116.61 113.78 113.67 111.68 107.61 110.21 109.06 109.53 110.70 111.55 111.29 112.05 107.28 109.36 108.62 109.11 109.56 110.08 110.49 110.69 101.62 99.41 100.28 99.83 98.76 98.75 97.42 95.55 101.12 98.30 99.41 98.88 97.47 97.42 96.11 93.91 99.71 93.63 96.51 94.54 92.74 90.73 89.31 88.39 104.24 108.65 105.84 108.49 107.94 112.34 111.27 106.08 104.01 105.13 104.67 104.68 105.50 105.69 104.31 104.26 108.39 110.63 109.45 110.14 111.14 111.81 112.24 112.50 1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with 1986, repairs and alterations of equipment are reclassified from goods to services. D-20 • National Data SURVEY OF CURRENT BUSINESS September 1997 Table 7.10.—Chain-Type Quantity and Price Indexes for Exports and Imports of Goods and Services by Major Type of Product [Index numbers, 1992=100] Seasonally adjusted Seasonally adjusted 1995 1996 1996 I Chain-type quantity indexes Exports of goods and services ExDorts of aoods * 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 Exports of services 1 Transfers under U.S. military agency sales contracts Travel Passenger fares Other transportation Royalties and license fees Other private services Other Imports of goods and services Imports of goods l Foods, feeds, and beverages Industrial supplies and materials, except petroleum and products Durable goods Nondurable goods Petroleum and products Capital goods, except automotive Civilian aircraft, engines, and parts Computers, peripherals, and parts Other Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods Nondurable goods Other Durable goods Nondurable goods Imports of services 1 Direct defense expenditures ... Travel Passenger fares Other transportation Royalties and license fees Other private services Other Addenda: Exports of agricultural goods2 Exports of nonagricultural goods . .... Imports of nonpetroleum aoods NOTE.-See footnotes to table 4.3. II 1995 1997 III IV I 127.91 140.05 134.88 138.00 138.85 148.48 152.94 162.69 110.26 109.04 110.69 102.23 106.22 117.01 107.05 108.67 110.83 116.02 114.02 114.10 115.44 120.53 121.51 127.41 114.81 121.61 116.32 121.24 123.20 125.69 127.44 133.68 108.73 113.07 112.78 110.34 111.36 117.81 118.39 124.11 149.65 176.29 165.84 174.12 173.67 191.52 202.24 220.84 63.20 71.59 62.41 77.89 61.81 84.26 89.29 102.43 231.13 337.98 305.15 326.95 346.56 371.25 425.35 497.46 164.91 185.57 178.36 181.01 184.71 198.17 205.08 217.82 127.48 132.62 128.01 131.08 135.07 136.33 143.80 148.54 121.74 121.60 121.88 105.54 105.54 105.54 130.81 131.21 130.37 109.60 109.60 109.60 127.85 126.06 129.70 102.27 102.27 102.27 130.46 130.61 130.29 111.59 111.59 111.59 129.26 129.81 128.68 109.92 109.92 109.92 135.65 138.38 132.80 114.59 114.60 114.59 139.66 138.59 140.75 122.19 122.20 122.19 146.82 149.62 143.87 130.02 130.03 130,02 114.27 120.51 117.43 120.19 120.28 124.14 125.27 125.57 106.35 108.03 104.80 112.34 127.45 123.89 107.56 111.75 114.43 112.61 108.78 136.87 134.38 109.14 93.34 111.02 111.98 106.03 136.65 131.41 110.81 123.19 114.19 110.22 109.20 134.45 132.59 108.54 106.13 114.82 114.88 107.32 136.63 134.48 108.48 124.35 117.69 113.35 112.55 139.76 139.03 108.73 101.68 119.26 124.53 111.72 139.78 14325 109.21 111.95 116.09 116.64 115.81 140.65 145.92 109.73 133.05 145.22 138.87 143.51 148.03 150.48 156.80 164.10 137.50 151.06 143.42 148.97 154.49 157.37 163.58 172.09 106.18 116.82 114.15 115.13 117.84 120.16 123.78 127.72 131.03 136.74 125.75 114.94 138.73 146.42 131.63 123.72 133.07 138.75 127.81 112.29 136.90 145.81 128.68 127.68 142.02 150.17 134.50 130.93 142.95 150.97 135.54 123.98 143.73 150.80 137.18 120.50 15020 158.31 142.68 131.18 183.62 219.36 205.30 211.66 222.42 238.05 253.47 275.06 78.27 88.71 77.75 89.74 90.58 96.77 92.67 104.98 279.82 373.29 337.78 361.16 383.34 410.89 455.71 620.98 171.61 197.41 187.96 189.44 199.06 213.17 225.32 238.28 125.02 129.38 124.44 129.70 134.07 129.32 142.67 138.80 126.45 126.97 125.87 116.01 116.01 116.01 134.78 135.52 133.96 124.65 124.65 124.65 128.72 129.36 128.02 120.88 120.88 120.88 131.95 133.23 130.57 124.73 124.73 124.73 136.62 138.66 134.41 125.92 125.92 126.92 141.81 140.82 142.86 127.07 127.07 127.07 143.88 143.19 144.62 133.79 133.79 133.79 152.75 151.69 153.87 143.09 143.09 143.09 113.82 120.06 119.13 119.94 120.29 120.90 127.64 129.96 65.58 111.65 131.23 109.77 119.41 141.45 105.62 72.71 115.75 141.57 108.20 131.88 156.64 107.59 69.77 119.55 138.79 104.71 125.05 154.06 105.46 74.32 116.07 142.04 110.62 121.60 154.31 106.28 74.42 111.42 142.09 109.77 154.18 157.00 108.64 72.34 115.97 143.35 107.70 126.69 161.19 109.99 79.33 127.31 149.12 110.16 135.99 165.61 111.87 I II 123.74 134.03 129.52 132.53 133.15 140.92 144.30 150.92 81.05 128.95 144.88 113.01 135.61 172.94 112.57 112.32 110.25 114.41 103.00 106.20 117.38 108.28 113.86 129.66 143.68 137.26 142.34 142.86 152.24 158.58 168.86 139.59 153.63 146.41 150.84 156.57 160.69 168.20 176.39 1996 1996 Chain-type price indexes Exports of goods and services Exports of goods * .... 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 Exports of services 1 Transfers under U.S. military agency sales contracts Travel Passenger fares Other transportation Royalties and license fees Other private services Other Imports of goods and services Imports of goods J 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 oarts Other '..,: Automotive vehicles, engines, and parts Consumer goods, except automotive Durable goods . Nondurable goods Other Durable goods Nondurable goods Imports of services1 Direct defense expenditures ... Travel Passenger fares Other transportation Royalties and license fees Other private services Other Addenda: Exports of agricultural goods2 Exports of nonagricultural goods Imports of nonpetroleum aoods II 1997 III IV 103.44 101.61 102.50 102.14 101.47 100.35 101.74 98.27 99.91 99.24 97.89 96.06 I II 99.90 99.30 95.55 94.49 113.49 126.27 125.22 133.86 128.50 117.48 117.60 110.48 121.32 115.72 116.90 115.62 115.05 115.29 115.52 115.37 117.82 113.74 116.00 114.56 112.30 112.12 113.19 113.31 123.27 116.78 117.34 116.16 116.58 117.06 116.81 116.49 88.73 81.56 84.59 82.36 80.68 78.60 77.42 76.29 109.60 114.01 112.01 113.35 114.97 115.70 117.81 117.86 92.97 87.85 90.28 88.68 87.16 85.25 84.49 84.27 103.13 104.25 104.10 104.13 104.24 104.53 104.92 105.15 102.91 101.52 104.40 105.79 105.79 105.79 104.27 102.71 105.95 103.61 103.61 103.61 103.91 102.33 105.60 104.92 104.96 104.96 104.25 102.75 105.87 104.52 104.56 104.56 104.39 102.86 106.05 103.38 103.42 103.42 104.53 102.92 106.27 101.61 101.65 101.65 104.80 103.38 106.32 101.12 101.16 101.16 104.85 103.74 106.03 100.68 100.72 100.72 107.61 110.21 109.06 109.53 110.70 111.55 111.29 112.05 110.58 107.20 109.82 102.99 107.34 106.08 117.80 111.29 111.60 109.86 105.61 109.41 107.81 122.10 115.15 109.99 109.35 104.35 108.68 107.17 115.58 110.54 111.07 108.14 105.23 109.17 107.68 118.51 109.83 112.38 109.73 105.69 109.62 107.95 126.05 109.65 112.89 112.16 107.16 110.14 108.43 128.28 110.56 114.09 102.75 106.69 110.55 108.78 129.06 110.78 114.68 109.52 105.47 110.75 109.01 130.03 101.62 99.41 100.28 99.83 98.76 98.75 97.42 95.55 101.12 98.30 99.41 98.88 97.47 97.42 96.11 93.91 113.17 110.72 109.23 112.89 110.06 110.71 111.37 113.34 111.17 111.63 110.80 94.73 109.62 110.07 109.26 113.99 110.90 110.02 111.89 100.96 109.51 110.41 108.71 112.45 108.70 109.99 107.49 112.85 109.35 109.86 108.95 128.60 110.46 111.36 109.66 123.38 108.93 112.56 105.40 104.19 89.83 77.78 83.27 79.47 76.05 72.32 69.65 68.10 108.75 113.54 111.56 113.14 114.47 114.99 117.21 118.29 63.47 100.02 52.01 87.18 56.35 93.54 52.87 89.42 50.65 85.15 48.16 80.62 45.26 78.03 42.66 77.25 107.88 108.57 108.56 108.43 108.64 108.67 108.67 108.49 103.10 103.09 103.12 107.40 107.40 107.40 103.45 103.06 103.87 107.43 107.43 107.43 103.72 103.54 103.93 107.78 107.78 107.78 103.56 103.19 103.97 107.60 107.60 107.60 103.37 102.90 103.89 107.08 107.08 107.08 103.14 102.61 103.72 107.24 107.24 107.24 102.67 101.84 103.57 107.05 107.05 107.05 102.46 100.99 104.06 106.41 106.41 106.41 104.01 105.13 104.67 104.68 105.50 105.69 104.31 104.26 109.01 107.00 104.20 101.07 107.35 100.12 107.16 107.97 109.23 105.58 103.29 109.42 99.25 109.36 108.21 108.36 105.42 102.22 108.68 99.50 108.52 106.83 108.17 105.22 103.03 109.17 99.51 108.76 107.94 110.96 104.56 103.32 109.62 98.93 110.20 108.89 109.53 107.13 104.57 110.14 99.08 109.96 101.94 106.66 108.68 104.33 110.55 98.61 109.04 101.45 105.66 112.91 103.89 110.75 98.47 108.74 115.67 126.61 125.65 133.20 128.81 118.80 119.38 112.20 100.38 95.65 97.52 96.13 95.04 93.91 93.31 92.71 101.86 97.16 99.47 97.92 96.32 94.93 93.92 93.03 September 1997 D-21 National Data SURVEY OF CURRENT BUSINESS Table 7.11.—Chain-Type Quantity and Price Indexes for Government Consumption Expenditures and Gross Investment by Type [Index numbers, 1992=100] Seasonally adjusted Seasonally adjusted 1995 1996 1996 I Chain-type quantity indexes Government consumption expenditures and gross investment1 Federal National defense Consumption expenditures Durable goods2 Nondurable goods Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital4 Other services Gross investment Structures Eduioment Nondefense Consumption expenditures Durable goods2 Nondurable goods Commodity Credit Corporation inventory change ... Other nondurables Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital4 Other services Gross investment Structures Equipment State and local Consumption expenditures ...... Durable goods 2 Nondurable goods Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital4 Other services Gross investment Structures Equipment Addenda: Compensation of general 3 government employees .... Federal State and local NoTE.-See footnotes to table 3.7. II 1997 III IV I 1995 99.06 99.54 98.37 100.10 99.83 99.85 99.74 100.50 89.08 87.92 87.29 89.15 88.21 87.04 85.76 87.19 85.84 87.77 69.25 66.48 90.40 84.56 86.20 72.27 76.05 88.01 83.79 84.86 65.49 75.35 87.20 86.01 87.09 76.56 80.52 88.45 85.00 86.99 79.98 82.30 87.94 83.44 85.84 67.04 66.02 88.45 80.86 84.57 66.37 70.26 86.93 82.36 85.72 70.43 66.46 87.96 85.49 81.89 82.54 82.44 81.93 80.64 79.99 79.09 96.76 94.82 95.52 95.08 94.57 94.12 94.74 94.25 89.72 94.59 94.08 98.60 74.99 75.34 77.77 79.94 73.76 69.89 103.79 107.11 107.04 114,86 103.75 102.80 71.79 71.80 74.52 76.05 70.43 66.21 93.62 93.17 94.74 100.51 59.66 63.19 96.54 95.12 55.49 59.62 96.88 97.46 96.01 95.37 95.70 95.16 96.72 96.28 95.93 94.84 95.69 95.21 97.54 97.18 84.13 97.37 75.08 95.57 79.12 94.80 75.96 96.44 70.86 95.43 74.38 95.61 83.75 "85.89 96.75 97.24 92.95 90.66 88.65 92.07 91.20 90.70 91.10 98.80 97.64 91.49 110.42 115.70 113.51 115.08 116.42 117.80 119.30 120.73 101.84 99.49 101.02 99.75 98.03 99.16 101.47 101.94 93.02 100.61 99.65 99.96 103.75 99.08 100.06 107.23 96.90 97.44 95.94 99.64 96.76 97.41 94.95 89.02 89.24 104.93 104.56 100.95 112.70 101.49 106.77 130.78 106.23 107.02 112.02 113.65 106.16 107.88 108.28 115.98 117.38 107.08 106.33 107.13 114.65 115.76 105.99 107.97 108.38 115.48 116.79 107.28 108,17 108.63 116.49 117.92 107.41 109.04 108.98 117.32 119.06 107.66 109.78 109.53 118.18 120.12 108.15 110.05 110.06 119.04 121.18 108.61 104.72 105.08 103.98 105.35 105.44 105.54 105,87 106.30 108.66 129.97 102.60 101.29 108.60 111.57 138.73 106.03 104.30 114.13 110.47 137.77 102.68 100.76 111.74 111.21 138.30 106.06 104.45 113.54 111.94 138.20 106.03 104.15 114.91 112.66 140.65 109.35 107.84 116.33 113.37 143.86 110.95 109.49 117.57 114.07 144.66 110.03 108.19 118.75 99.42 98.66 97.82 99.13 98.98 98.72 98.87 99.00 87.97 84.83 84.56 85.68 85.07 84.02 83.73 83.26 104.69 105.06 103.95 105.34 105.42 105.54 105.89 106.31 1996 1996 I II Chain-type price indexes Government consumption expenditures and gross investment * Federal National defense Consumption expenditures Durable goods2 Nondurable goods Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital4 Other services Gross investment Structures Eouioment Nondefense Consumption expenditures Durable goods 2 Nondurable goods Commodity Credit Corporation inventory change ... Other nondurables Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital4 Other services .... Gross investment Structures Equipment State and local Consumption expenditures Durable goods 2 Nondurable goods Services Compensation of general government employees, except force-account construction3 Consumption of general government fixed capital4 Other services Gross investment Structures Eauioment Addenda: Compensation of general 3 government employees .... Federal State and local II 1997 III IV I II 108.28 111.83 111.27 111.23 112.07 112.76 113.74 114.10 108.34 112.03 111.85 111.47 112.05 112.74 114.10 114.42 106.83 106.44 101.20 100.11 107.11 111.02 110.96 102.41 109.95 111.78 110.38 109.87 102.05 106.22 110.69 110.58 110.56 102.82 108.19 111.35 111.16 111.26 102.60 109.14 112.12 111.94 112.16 102.17 116.27 112.96 113.14 113.39 102.89 114.14 114.31 113.41 113.65 103.21 107.47 114.76 107.45 115.40 114.20 114.78 115.87 116.76 119.51 120.19 109.58 104.92 109.27 118.22 108.31 111.40 106.45 111.22 121.50 110.07 110.43 105.46 113.64 119.17 113.22 111.67 105.84 110.58 121.04 109.40 111.61 106.69 110.39 122.21 109.00 111.91 107.82 110.29 123.57 108.67 112.50 107.65 111.26 124.09 109.72 112.78 107.86 111.63 125.36 109.93 111.88 114.47 115.28 113.63 114.25 114.72 116.44 116.85 113.16 116.32 117.11 115.32 116.10 116.74 118.80 119.27 111.67 112.73 113.24 113.87 113.82 109.98 110.07 111.26 113.39 116.89 117.63 115.82 116.64 117.48 119.65 120.12 120.47 126.39 128.46 124.47 125.72 126.91 130.91 131.58 104.55 105.26 103.72 109.99 97.07 104.51 106.39 102.76 113.14 92.16 104.99 105.45 103.63 112.52 94.42 104.49 106.19 102.90 112.84 92.66 104.40 106.65 102.53 113.30 91.56 104.15 107.29 101.99 113.92 90.00 104.08 107.60 101.63 114.63 88.66 103.77 107.98 101.67 116.19 87.54 108.24 108.14 105.75 105.51 108.51 111.71 111.84 106.39 109.36 112.25 110.92 110.97 106.62 107.72 111.46 111.08 111.13 106.16 109.96 111.38 112.07 112.23 106.32 109.07 112.75 112.77 113.01 106.45 110.70 113.43 113.54 113.71 106.42 110.77 114.23 113.92 113.98 106.42 108.26 114.87 109.88 114.02 113.33 113.07 114.45 115.24 116.04 116.75 106.88 108.74 108.59 108.59 108.85 108.95 109.84 110.36 88.97 90.09 87.04 89.23 91.97 92.76 92.67 92.13 108.69 111.14 110.69 110.84 111.34 111.69 112.73 113.60 110.45 113.93 113.10 113.48 114.25 114.90 116.36 117.71 101.14 99.35 100.44 99.68 99.09 98.20 97.49 96.36 110.43 115.42 114.89 114.43 115.75 116.59 118.03 118.73 111.76 119.00 118.92 117.94 119.08 120.08 123.26 123.93 109.89 114.03 113.34 113.08 114.46 115.24 116.04 116.75 D-22 • National Data SURVEY OF CURRENT BUSINESS September 1997 Table 7.14.—Chain-Type Quantity and Price Indexes for Gross Domestic Product by Sector Table 7.16.—Implicit Price Deflators for Inventories of Business by Industry [Index numbers, 1992=100] [Index numbers, 1992=100] Seasonally adjusted Seasonally adjusted 1995 1996 1996 I Chain-type quantity indexes Gross domestic product Business! Nonfarml Nonfarm less housing Housing Farm .„.„. Households and institutions ... Private households Nonprofit institutions General government2 Federal State and local Chain-type price indexes Gross domestic product Businessi Nonfarm l Nonfarm less housing Housing Farm Households and institutions ... Private households Nonprofit institutions General government2 Federal State and local II 1996 1997 III IV Inventories1 III IV I II 108.75 111.19 110.62 110.78 111.36 111.98 112.87 113.92 109.61 113.51 111.97 112.56 114.29 115.40 115.86 116.84 108.71 111.10 110.57 110.72 111.25 111.86 112.77 113.82 1. Implicit price deflators are as of the end of the quarter and are consistent with the inventory stocks shown in tables 5.12 and 5.13. 109.13 112.70 110.92 112.61 112.93 114.35 115.92 117.08 109.38 112.99 111.15 112.88 113.25 114.69 116.18 117.33 109.76 113.61 111.69 113.56 113.83 115.36 116.99 118.26 106.22 107.83 106.66 107.26 108.37 109.05 109.53 109.66 92.13 93.75 95.10 94.61 92.56 92.75 98.07 100.07 109.32 111.52 110.22 111.24 111.96 112.66 113.55 114.36 106.92 100.06 104.24 102.26 98.67 95.09 94.77 95.54 109.41 111.96 110.45 111.58 112.47 113.33 114.27 115.08 99.91 99.34 98.58 99.74 99.63 99.43 99.58 99.72 90.44 87.79 87.64 88.48 87.94 87.08 86.80 86.39 105.05 105.65 104.53 105.87 106.00 106.18 106.56 107.00 107.76 110.22 109.35 109.86 110.59 111.10 111.78 112.20 107.38 109.56 108.62 109.26 109.95 110.43 111.00 111.36 107.50 107.32 109.05 99.01 109.46 109.11 112.48 118.34 108.67 108.36 111.36 105.84 109.20 108.88 112.06 114.23 109.76 109.40 112.88 125.11 110.21 109.82 113.63 128.16 110.88 110.47 114.42 121.56 111.21 110.74 115.32 124.37 110.08 114.58 114.07 113.75 114.89 115.62 116.95 117.59 111.04 116.82 116.58 116.09 116.92 117.71 120.19 120.73 109.61 113.53 112.89 112.65 113.93 114.64 115.46 116.15 Table 7.15.—Current-Dollar Cost and Profit Per Unit of Real Gross Domestic Product of Nonfinancial Corporate Business [Dollars] 1.050 1.063 1.060 1.062 1.064 1.065 1.069 1.070 .100 .101 .101 .101 .101 .101 .101 .101 .950 .962 .959 .961 .963 .963 .968 .970 107 108 109 109 108 108 107 .842 .853 .850 .853 .855 .855 .861 .107 .862 .687 .690 .687 .689 .691 .693 .697 .697 .128 .037 .140 .040 .138 .039 .140 .040 .141 .040 .142 .040 .143 .040 .144 .040 .100 .024 .022 .102 .021 .103 .021 .105 .021 090 .027 101 .023 099 .025 101 1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two places to the left. II 106.66 107.19 107.20 107.08 106.63 105.97 Farm Nonfarm Durable goods Nondurable goods Manufacturing Durable goods Nondurable ooods .. Wholesale Durable goods Nondurable goods Merchant wholesalers Durable goods Nondurable goods Nonmerchant wholesalers Durable goods Nondurable goods Retail trade Durable goods Motor vehicle dealers Other Nondurable goods ; Other Durable goods Nondurable goods 107.97 110.95 109.32 110.92 111.20 112.38 113.73 114.74 NOTE.—See footnotes to table 1.7. Current-dollar cost and profit per unit of real gross domestic product1 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 I II I 1997 IIWIIWMIMVIW gwwuw 99.45 105.11 105.03 100.15 103.26 101.83 107.38 107.44 107.45 107.77 107.00 106.40 106.48 106.48 106.52 106.49 106.69 106.37 108.61 108.76 108.74 109.53 107.45 106.47 107.53 107.30 107.32 107.47 106.84 106.22 105.07 104.92 104.68 104.89 104.92 104.82 111.69 111.34 111.79 111.85 110.06 108.54 107.44 107.79 107.22 106.53 106.26 105.65 104.14 104.02 104.14 103.90 103.91 103.80 112.96 114.12 112.38 110.90 110.16 108.69 107.80 104.37 113.66 105.30 102.62 109.26 108.30 104.26 115.24 104.73 102.44 108.08 107.39 104.39 112.55 106.18 102.54 111.59 106.48 104.14 110.43 106.86 102.26 113.64 106.50 104.17 110.44 104.87 102.24 108.77 105.96 104.06 109.13 103.82 102.07 106.42 106.32 110.08 113.65 106.54 102.44 106.46 110.06 113.03 107.09 102.76 106.85 110.22 112.94 107.50 103.39 106.96 110.06 112.57 107.52 103.80 107.01 110.48 113.16 107.79 103.44 106.28 109.43 110.93 107.81 103.08 109.33 109.49 109.96 113.73 109.34 109.15 112.85 114.35 115.20 115.15 116.40 116.50 107.66 107.09 107.36 113.22 105.81 105.45 September 2997 National Data • D-23 SURVEY OF CURRENT BUSINESS Table 7.17.—Chain-Type Quantity Indexes for Gross Domestic Product by Major Type of Product Table 7.18.—Chain-Type Quantity Indexes for Auto Output [Index numbers, 1992-100] [Index numbers, 1992=100] Seasonally adjusted Seasonally adjusted 1995 1996 1996 I Gross domestic product Final sales of domestic product Change in business inventories Goods . . . . Final sales Change in business inventories Durable goods Final sales Change in business inventories Nondurable goods Final sales Change in business inventories Services Structures Addenda: Motor vehicle output Gross domestic product less motor vehicle output 1995 II 1997 III IV I 1996 1996 I II 107,97 110.95 109.32 110.92 111.20 112.38 113.73 114.74 107.62 110.64 109.26 110.66 110.70 111.93 112.77 113.55 110.91 114.72 112.65 114.55 115.17 116.51 119.31 120.72 109.98 113.89 112.54 113.89 113.83 115.32 116.66 117.40 120.66 127.97 124.47 128.51 130.25 128.64 133.71 139.14 116.39 124.84 121.33 125.26 125.41 127.35 128.97 132.77 104.20 105.69 104.57 105.06 104.94 108.19 109.52 108.35 105.48 106.32 106.41 106.02 105.82 107.01 108.17 106.90 105.97 108.08 106.96 108.03 108.15 109.17 109.76 110.66 108.33 113.63 110.42 114.17 114.19 115.73 116.16 116.27 120.55 117.55 111.57 123.15 120.25 115.23 120.59 117.94 107.54 110.73 109.25 110.50 110.89 112.28 113.50 114.64 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 Gross government investment Change in business inventories of new and used autos New Used Addenda: Domestic output of new autos 1 Sales of imported new autos2 II 1997 III IV I II 89.25 106.68 105.25 93.58 98.45 97.28 102.59 101.94 102.33 104.64 101.44 99.35 99.31 95.22 103.75 103.07 102.81 106.14 102.94 100.38 105.11 98.13 95.25 97.19 96.55 93.43 93.83 96.91 99.68 90.01 105.03 98.69 122.99 128.03 122.09 128.88 133.95 127.22 136.19 131.98 120.70 126.10 120.60 129.07 133.00 121.72 130.80 126.85 112.40 112.16 116.29 108.53 112.99 110.84 109.44 118.53 123.74 126.62 122.86 126.36 131.31 125.96 143.81 139.22 111.19 102.75 120.78 85.19 89.32 115.71 103.02 82.64 114.30 110.93 103.25 116.59 120.25 103.63 109.88 108.75 101.14 98.06 98.07 97.36 97.64 99.15 108.82 103.06 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 gross government investment. Table 7.19.—Chain-Type Quantity Indexes for Truck Output [index numbers, 1992=100] 1 Truck output Final sales Personal consumption expenditures Producers' durable equipment Net exports Exports Imports Gross government investment Change In business Inventories 1. Includes new trucks only. 142.80 142.00 144.61 143.59 146.75 141.72 146.38 152.43 147.64 147.62 149.53 144.57 144.35 152.03 150.72 147.98 121.45 121.78 127.03 120.92 118.29 120.90 119.17 113.36 167.88 181.34 173.64 176.45 184.46 190.80 193.20 192.40 134.54 156.23 143.86 156.36 147.53 177.17 175.57 169.98 110.36 116.45 107.25 119.27 125.33 113.92 133.14 130.75 102.81 91.90 115.11 90.17 79.52 82.80 97.68 109.59 D-24 • National Data September 1997 SURVEY OF CURRENT BUSINESS 8. Supplementary Tables. Table 8.1.—Percent Change From Preceding Period in Selected Series [Percent] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1995 1996 1995 1997 1996 I II III IV I 0 Gross domestic product . Current dollars Chain-type quantity index Chain-type price index Imnlifit nrirp ripflfltnr Personal consumption expenditures: Current dollars Chain-type quantity index Chain-tvoe orice index Implicit price deflator Durable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Nondurable goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator . Services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Gross private domestic investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Fixed investment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Nonresidential: Chain-type quantity index Chain-type price index Implicit price deflator Structures: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Producers' durable equipment: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Residential: Current dollars . . Chain-type quantity index Chain-type price index Implicit price deflator Exports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Exports of goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Exports of services: Current dollars Chain-type quantity index Chain-type price index 4.6 2.0 2.5 2.5 5.1 2.8 2.3 2.3 4.7 1.8 2.8 2.9 7.7 6.0 1.9 1.7 3.6 1.0 2.7 2.6 6.2 4.3 1.9 1.9 7.4 4.9 2.4 2.4 5.2 3.6 1.5 1.5 5.1 2.4 2.6 2.6 5.0 2.6 2.4 2.4 5.9 3.1 2.6 2.6 6.7 3.7 2.9 2.9 3.0 .5 2.5 2.5 6.3 3.3 3.0 2.9 7.6 5.3 2.2 2.2 2.0 1.0 1.0 1.0 5.0 4.0 1.0 1.0 4.3 4.7 -.4 -.4 5.5 4.8 .7 .7 7.8 9.7 3.3 1.6 1.7 1.7 4.0 1.4 2.6 2.6 5.6 1.7 3.7 3.8 6.6 2.6 3.9 3.9 6.1 2.5 3.5 3.4 5.7 2.7 2.9 2.9 6.1 3.5 2.5 2.5 6.5 3.1 3.4 3.4 3.0 1.6 1.4 1.4 6.5 5.1 1.3 1.3 9.4 9.0 .4 .4 7.5 7.8 -.2 -.3 8.2 8.3 -.1 -.1 8.1 9.2 -1.0 -1.0 4.4 18.0 4.6 19.9 -.7 -1.0 -.2 -1.5 10.1 10.7 9.9 11.7 -1.5 -1.6 7.3 4.8 2.3 2.3 9.7 8.4 9.8 10.8 -1.0 -1.0 10.9 -2.3 -2.3 13.1 -2.7 -2.9 -3.8 3.6 3.6 13.5 11.1 2.2 2.2 14.6 12.6 1.8 1.8 10.9 7.4 3.2 8.5 5.9 2.4 2.4 6.4 8.3 -1.8 -1.8 13.0 14.4 -.5 -.7 -.6 -1.2 8.7 4.3 4.2 4.2 -.3 -1.4 -1.8 10.2 8.2 1.9 1.9 10.4 8.3 2.0 2.0 .1 1.7 -1.5 -1.6 10.3 13.0 -1.7 -2.4 -2.6 -1.9 -.7 -.7 1.6 .6 .9 .9 5.8 2.1 3.7 3.7 7.2 4.7 2.4 2.4 4.9 1.0 3.9 3.9 7.4 3.9 3.4 3.4 6.6 3.9 2.6 2.6 16.8 16.5 1.2 .3 11.6 10.1 1.4 1.3 16.1 16.5 _3 -.3 14.2 10.0 10.4 14.9 -3.1 -3.9 16.9 19.1 -1.9 -1.9 3.9 3.8 1.0 .7 1.6 -.5 -.9 2.6 3.0 -.4 -.4 4.4 5.9 -1 5 -1.5 18.2 15.3 2.5 2.5 -.5 2.6 -3.0 -3.0 -4.5 -1.8 -4.3 1.8 1.8 5.7 5.7 2.6 2.6 7.1 9.6 -.6 1.9 -1.4 -2.3 -2.6 -2.4 20.4 25.5 -4.3 -4.1 5.8 9.5 .6 4.1 5.2 9.6 -3.4 -3.4 -3.3 -3.3 -2.7 -4.0 -5.3 -5.1 -7.3 -6.9 8.0 5.5 2.4 -1.1 -3.8 12.0 4.6 .3 4.3 17.1 13.5 3.2 9.7 1.7 13.3 14.1 -.6 -1.0 -.7 -1.1 9.9 7.9 1.9 1.9 20.0 17.9 2.4 3.5 -27 21.8 2.5 30.7 3.1 15.6 17.1 -1.0 -1.3 3.0 3.9 -.9 -.9 2.1 4.1 -2.0 -2.0 .7 -2.1 2.8 2.8 -8.2 -5.4 -4.0 -3.0 -2.3 -2.3 0 0 6.5 4.0 2.4 2.4 17.5 18.4 -.9 -.8 12.7 13.1 -.3 -.3 13.6 15.4 -1 6 -1.6 -.3 -3.9 3.7 3.7 2.6 19.4 6.7 23.8 ^.8 -3.5 -3.8 -3.5 5.4 3.3 2.0 2.0 10.3 8.0 9.9 -1.8 -1.8 16.8 19.7 -2.4 -2.4 10.2 12.6 -2.1 -2.1 22.4 28.0 -4.4 -4.4 2.7 3.7 -.9 3.7 1.0 2.8 7.1 2.9 2.9 NOTE.—Except for disposable personal income, the quantity and price indexes are calculated from weighted averages of the detailed output and prices used to prepare each aggregate and component. Prior to the third quarter of 1995, these indexes use the geometric mean of weights that reflect the composition of output for the preceding and current years. Beginning with the third quarter of 1995, these indexes use weights that reflect the composition 1996 1996 I II 2.4 2.9 2.1 6.8 8.9 9.1 2.2 -2.2 2.2 -2.2 10.6 13.1 -1.9 -2.2 11.4 14.1 -1.8 -2.3 9.5 13.2 16.4 -2.1 -2.8 II Implicit price deflator Imports of goods and services: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Imports of goods: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Imports of services: Current dollars Chain-type quantity index Chain-type price index .... Implicit price deflator Government consumption expenditures and gross investment: Current dollars Chain-type quantity index Chain-type price index Federal: Current dollars Chain-type quantity index Chain-type price index National defense: Current dollars Chain-type quantity index Chain-type price index Nondefense: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator State and local: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Addenda: Final sales of domestic product: Current dollars Chain-type quantity index Implicit price deflator Gross domestic purchases: Current dollars Chain-type quantity index Implicit price deflator Final sales to domestic purchasers: Current dollars Chain-type quantity index Implicit price deflator Gross national product: Current dollars Chain-type quantity index Chain-type price index Implicit price deflator Command-basis gross national product: Chain-type quantity index Disposable personal income: Current dollars Chained (1992) dollars 3.2 11.4 11.9 6.8 9.9 9.5 2.2 2.2 -2.8 -2.8 8.6 6.1 2.4 2.4 6.6 5.5 1.1 1.1 3.2 0 3.3 3.3 3.8 .5 3.3 3.3 -.1 2.1 -3.3 -1.3 3.3 3.3 3.4 3.4 -1.3 -4.3 2.4 -1.5 3.1 3.1 3.9 3.9 2.4 3.9 3.9 1.4 -.9 2.3 2.3 5.4 2.1 3.2 3.2 4.8 1.6 3.2 3.2 5.1 2.5 2.5 2.5 -1.4 12.8 -2.5 -3.0 1997 III I IV II -.9 2.8 4.3 3.1 8.1 6.5 11.7 6.8 17.9 0 -6.3 -.3 -5.3 11.0 19.9 -7.5 -7.5 7.2 10.5 7.7 16.7 -.2 -5.3 -.4 -5.3 11.7 22.5 -8.8 -8.8 13.2 -42 -4.5 8.9 15.7 -5.6 -5.9 1,6 1.7 2.7 2.7 .1 0 4.3 1.2 3.1 3.1 2.8 2.1 .7 .7 7.6 1.8 5.5 5.7 6.8 1.8 7.2 -1.1 -.2 3.1 3.0 2.5 .1 2.5 2.4 3.1 -.4 3.5 3.5 4.4 3.1 1.3 1.3 8.0 6.8 1.1 1.1 16.5 14.6 13.2 7.5 4.7 5.3 14.8 6.1 7.4 8.3 9.9 6.6 8.8 -2.3 -4.2 -3.0 -5.2 -1.1 -5.8 -1.4 -2.1 2.1 1.9 2.5 2.3 4.9 4.9 10.7 11.0 -2.8 -4.6 .7 -.3 2.1 1.9 4.3 -1.3 -4.2 -.5 -5.6 -.5 -5.7 2.2 2.0 4.4 10.5 17.9 24.2 -5.1 -5.1 -1.6 -4.7 -8.0 -7.1 -11.8 2.8 2.6 .5 4.3 4.3 7.3 7.5 -.2 -.2 8.7 7.6 1.0 1.0 1.7 1.5 8.0 6.1 6.1 6.8 5.3 1.4 1.4 -1.0 14.6 5.9 5.9 6.9 6.3 .6 .5 4.4 .7 3.6 3.6 5.9 3.3 2.5 2.5 5.5 2.7 2.7 2.7 2.4 1.0 1.4 1.4 5.2 2.8 2.3 2.3 5.5 2.6 2.8 2.9 7.0 5.2 1.9 1.7 2.9 .2 2.7 2.7 6.6 4.5 1.9 2.0 5.6 3.0 2.5 2.5 4.5 2.8 1.6 1.6 4.5 1.9 2.5 2.6 5.2 2.9 2.2 2.2 6.0 3.1 2.7 2.8 8.2 6.5 1.8 1.6 4.7 2.4 2.4 2.2 4.8 2.5 2.4 2.3 7.9 5.9 1.9 1.9 4.7 3.8 .8 .8 4.9 2.3 2.6 2.6 5.2 3.0 2.2 2.2 6.7 3.9 2.7 2.7 7.6 5.8 1.8 1.7 4.0 1.5 2.4 2.4 5.1 2.7 2.4 2.4 6.1 4.0 2.0 2.0 3.9 3.0 .9 .9 4.5 2.0 2.5 2.5 5.0 2.7 2.3 2.3 4.8 1.8 2.8 2.9 7.4 5.7 1.9 1.6 3.1 .6 2.6 2.5 6.8 4.9 1.9 1.8 6.5 4.0 2.4 2.4 4.8 3.2 1.5 1.5 2.0 2.8 1.9 5.7 .8 4.4 4.5 4.0 6.0 3.3 4.7 2.3 6.3 3.5 4.0 1.1 5.2 2.7 3.7 .7 6.8 4.6 4.0 2.9 -1.4 of output in 1995. Implicit price deflators are weighted averages of the detailed price indexes used to prepare each aggregate and component and are calculated as the ratio of current- to chained-dollar output multiplied by 100. (Contributions to the percent change in real gross domestic product are shown in table 8.2.) SURVEY OF CURRENT BUSINESS September 2997 Table 8.2.—Contributions to Percent Change in Real Gross Domestic Product National Data • Table 8.3.—Selected Per Capita Product and Income Series in Current and Chained Dollars [Dollars] Seasonally adjusted at annual rates 1995 1996 1996 I Percent change at annual rate: Gross domestic product Percentage points at annual rates: Personal consumption expenditures Durable goods Nondurable goods Services Gross private domestic investment ... Fixed investment Nonresidential Structures Producers' durable equipment Residential Change in business inventories Net exports of goods and services ... Exports Goods Services Imports Goods Services Government consumption expenditures and gross investment Federal National defense Nondefense State and local II Seasonally adjusted at annual rates 1997 1995 II I IV III 2.0 2.8 1.8 6.0 1.7 1.8 2.1 2.5 .4 4.3 4.9 3.6 2.2 3.6 .7 .3 .3 1.0 .4 .3 1.1 .4 .4 1.4 .8 .5 1.2 -.2 .1 .4 .3 .4 1.5 1.1 .9 1.5 -.5 -.5 1.6 .2 1.1 .6 2.6 2.3 .2 2.4 2.6 .7 .8 .1 .7 -.2 -.5 1.1 .9 .1 .8 .2 0 1.4 1.1 .2 .9 .3 -.8 1.9 1.3 .2 1.0 .7 .7 1.4 1.6 .3 1.3 -.2 .8 .4 .6 A .2 -.2 -.2 .6 .4 -.1 .5 .1 1.8 1.8 1.5 -.1 1.6 .3 .8 .1 -.2 1.1 .9 .2 .9 .7 .2 -1.0 -.9 -.1 -1.1 -1.0 -1.3 .2 .3 -.1 -1.5 -1.2 -.6 1.1 .8 .3 -1.7 -1.6 -1.4 .2 .2 0 -1.6 -1.6 -.1 -.3 -.1 0 .1 .3 1.3 -.2 -.2 -.2 0 .2 -.1 -.1 0 .2 .5 .3 .2 -.2 .6 .5 .1 .7 -.3 -.2 -.1 .1 0 1.8 2.7 2.2 A -.8 -.8 0 -1.0 1.1 1.0 .1 -2.1 -1.7 -.2 2.1 2.1 0 -2.3 -2.2 -.5 -.2 0 -.1 .5 -.4 -.3 0 .4 -.4 -.6 .2 ,3 A .3 .1 .1 Current dollars: Gross domestic product Gross national product Personal income Disposable personal income . . . Personal consumption expenditures Durable goods .... Nondurable goods Services Chained (1992) dollars: Gross domestic product Gross national product Disposable personal income Personal consumption expenditures Durable goods .... Nondurable goods Services Population (mid-period, thousands) 1997 1996 1996 I 1.0 D-25 II III IV I II 27,605 28,752 28,213 28,680 28,869 29,243 29,715 30,033 27,625 23,370 28,759 24,457 28,243 24,027 28,691 24,359 28,843 24,604 29,254 24,835 29,662 25,268 29,948 25,524 20,349 21,117 20,853 21,012 21,229 21,373 21,689 21,854 18,837 2,312 19,608 2,389 19,291 2,368 19,562 2,407 19,660 2,386 19,919 2,395 20,247 2,466 20,307 2,409 5,607 10,917 5,779 11,441 5,698 11,225 5,776 11,378 5,786 11,488 5,854 11,669 5,945 11,836 5,899 11,999 25,616 26,088 25,791 26,111 26,116 26,333 26,599 26,781 25,642 26,101 25,822 26,126 26,102 26,354 26,562 26,716 18,861 19,116 19,071 19,081 19,161 19,152 19,331 19,428 17,460 2,217 17,750 2,301 17,642 2,269 17,765 2,318 17,745 2,301 17,848 2,316 18,046 2,389 18,053 2,351 5,367 9,877 5,393 10,057 5,374 9,999 5,397 10,052 5,393 10,052 5,408 10,125 5,460 10,202 5,418 10,282 263,194 265,579 264,680 265,258 265,887 266,491 266,987 267,545 September 1997 SURVEY OF CURRENT BUSINESS D-26 • National Data Table 8.4.—Auto Output Table 8.5.—Real Auto Output [Billions of dollars] [Billions of chained (1992) dollars] Seasonally adjusted at annual rates Seasonally adjusted at annual rates 1996 1995 1996 I Auto output II III IV I 87.1 53.2 42.2 75.2 87.0 58.1 45.3 80.8 84.8 56.7 48.0 84.0 85.3 53.2 45.9 76.9 87.9 57.3 48.8 82.5 1.9 .4 .7 -.3 Change in business inventories of new and used autos New Used . 81.5 55.1 47.8 79.9 -32.2 -33.9 -33.0 -35.5 -35.9 -31.1 -33.7 -32.1 -47.1 -48.9 -46.3 -49.2 -51.3 ^8.8 -58.4 -54.7 16.7 63.8 2.4 Change in business inventories of new ana used autos New Used Addenda: Domestic output of new autos 1 Sales of imported new autos2 86.1 55.3 45.3 79.2 17.0 65.9 2.3 17.6 63.8 2.7 3.2 -5.4 -18.1 3.1 -5.6 -19.5 1.4 .2 .2 16.4 65.6 1.9 1.6 2.5 -.9 17.1 68.3 2.0 4.3 3.7 .6 16.8 65.7 2.6 -9.3 -9.0 -.4 16.6 75.0 2.3 -1.5 -.8 -6 18.0 72.8 Residual 122.8 121.1 111.8 127.3 131.6 113.5 120.8 117.6 59.0 58.2 57.7 57.6 58.2 59.? 64.8 61.3 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 gross government investment. Addenda: Domestic output of new autos J Sales of imported new autos2 Truck output Chanqe in business inventories 1. Includes new trucks only. 63.1 69.8 -51 -47 7.7 9.0 128 137 6.8 7.6 -42 8.3 125 8.5 -49 -63 -32 9.0 8.5 10.2 14.0 148 134 6.7 5.9 6.1 -.7 -3.4 2.8 78.2 42.1 45.1 72.0 79.8 40.5 43.0 68.9 79.3 44.4 45.4 73.7 76.7 43.2 47.2 75.9 77.0 40.2 44.9 69.5 79.6 43.1 48.0 74.7 73.9 42.1 46.5 72.4 -25.3 -26.6 -25.5 -27.8 -28.4 -24.6 -26.6 -25.8 ^2.2 -43.6 -41.2 -43.9 -45.6 -43.4 -52.0 -48.6 16.0 58.2 16.0 59.6 16.6 57.8 15.5 59.4 16.1 61.8 15.8 59.2 2.4 1.7 1.8 2.3 2.2 -4.7 -16.5 2.5 -5.2 -18.1 -.1 .3 .8 1.8 2.0 -.1 4.0 3.6 .5 -7.9 -8.1 .3 .3 .8 2.2 2.1 .6 .9 0 15.6 67.6 2.1 16.9 65.5 1.7 -.7 1.9 2.5 -.5 .5 .5 -1.8 -1.0 114.2 110.9 103.2 116.5 120.2 103.6 109.8 108.7 54.5 52.9 52.9 52.5 52.6 53.5 58.7 55.6 [Billions of chained (1992) dollars] 65.8 68.6 63.7 71.6 80.6 40.8 43.4 68.9 Table 8.7.—Real Truck Output 133.1 136.7 135.3 138.9 134.2 138.5 145.0 140.2 130.3 137.4 138.7 134.7 134.6 141.6 141.1 138.3 62.0 65.8 II I 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 gross government investment. NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity [Billions of dollars] Final sales Personal consumption expenditures Producers' durable equipment Net exports . .. Exports Imports Gross government investment IV III II 125.2 124.4 124.9 127.7 123.8 121.3 121.2 116.2 122.0 121.2 120.9 124.8 121.0 118.0 123.6 117.2 .2 Table 8.6.—Truck Output 1 1997 127.6 119.9 108.5 129.6 127.9 113.7 119.7 118.2 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 Gross government investment 137.2 140.0 138.9 143.0 140.2 138.0 137.9 131.6 139.5 141.3 140.3 145.0 141.5 138.4 145.2 136.7 87.1 52.4 42.3 74.5 I II 140.4 134.6 120.7 144.6 144.5 128.7 136.4 132.0 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 Gross government investment 1996 1995 1996 1997 4.1 62.1 72.9 -.4 63.9 74.9 -3.1 63.2 76.1 60.1 75.5 -54 -54 10.2 10.0 157 7.2 153 8.1 3.8 1.8 1 Truck outout Final sales Personal consumption expenditures Producers' durable equipment Net exports Exports Imports Gross government investment 119.6 121.1 120.2 122.9 118.7 122.6 127.6 123.6 117.0 121.7 123.2 119.1 119.0 125.3 124.2 122.0 55.6 58.9 -4.3 75 11.8 55.8 63.7 -3.7 87 12.4 58.2 60.9 -3.4 80 11.4 55.4 61.9 -4.0 87 12.7 54.2 64.7 -5.1 82 13.4 6.8 6.1 7.6 5.9 5.2 Change in business inventories 2.6 -.6 -3.2 3.9 -.3 Residual 0 -.? .1 -.? .1 55.4 67.0 -2.3 98 12.1 5.5 -2.9 -.1 54.6 67.8 -4.4 98 14.2 6.4 51.9 67.5 -4.5 94 13.9 7.2 3.6 1.7 -4 -.? 1. Includes new trucks only. NOTE.—Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. September 1997 National Data • D-27 SURVEY OF CURRENT BUSINESS B. Other NIPA and NiPA-Related Tables. Monthly Estimates: Tables B.i and B.2 include the most recent estimates of personal income and its components; these estimates were released on August 29, 1997 and include "preliminary" estimates for July 1997 and "revised" estimates for June. Table 8,1,—Personal Income [Billions of dollars; monthly estimates seasonally adjusted at annual rates] 1997 1996 •IQQC lyyo 1QQR lyaO June July Sept. Aug. Oct. Nov. 6,150.8 3,429.5 2,806.5 864.4 648.4 783.1 1,159.0 623.0 6,495.2 6,512.4 6,504.9 6,538.9 6,582.0 6,575.6 3,632.5 2,989.9 909.1 674.7 823.3 1,257.5 642.6 3,653.6 3,011.8 911.9 677.3 832.6 1,267.4 641.7 3,633.3 2,989.6 912.5 677.3 821.0 1,256.1 643.7 3,660.6 3,015.3 918.6 681.4 829.1 1,267.6 645.4 3,694.6 3,047.1 920.6 681.8 836.9 1,289.6 647.5 3,683.5 3,035.4 921.7 681.8 832.1 1,281.6 648.1 406.8 488.9 Personal Income .. Wage and salary disbursements Private industries Commodity-producing industries Manufacturing Distributive industries Service industries Government .. 407.6 520.3 410.9 521.3 406.9 523.6 408.2 410.2 522.8 525.0 Other labor income Proprietors' income with IVA and CCAdj Farm Nonfarm 23.4 37.2 37.8 483.1 483.5 132.8 251.9 145.1 290.6 731.4 1 0150 507.8 1 0680 537.6 1,067.3 537.1 10706 538.8 Personal dividend income Personal interest income Transfer payments to persons Old-age, survivors, disability, and health insurance benefits Government unemployment insurance benefits Other 738.9 407.2 408.7 3,799.1 3,140.9 943.4 693.4 857.9 1,339.6 658.2 412.5 534.5 6,823.1 6,862.7 6,872.2 3,835.1 3,173.1 953.7 700.3 865.0 1,354.5 661.9 3,866.3 3,203.4 954.8 701.2 872.5 1,376.1 663.0 3,865.8 3,200.4 955.5 702.0 871.5 1,373.4 665.4 414.4 415.3 543.5 415.7 416.5 540.9 3,821.3 3,161.7 948.8 698.4 864.8 1,348.1 659.7 413.9 537.2 529.8 3,753.7 3,104.0 935.2 690.4 848.9 1,319.9 649.7 July 6,801.0 3,822.1 3,161.2 950.3 699.5 863.1 1,347.7 660.9 6,788.2 411.4 528.4 6,750.3 Juner 546.4 548.1 40.7 40.8 40.5 39.9 39.4 39.9 41.4 43.1 44.6 44.3 484.4 487.9 149.2 490.0 492.8 494.6 499.4 501.8 503.9 149.0 747.8 1 0770 542.3 749.8 1 081 8 546.2 751.8 1,085.5 548.2 754.3 312.5 757.0 314.4 760.4 316.3 763.7 147.0 322.4 772.7 1 104 1- 1 111 9 561.5 555.6 22 0 22.0 528.4 526.5 1 1147 562.4 148.6 318.3 766.8 1 116.5 564.8 146.8 295.0 148.5 310.7 149.3 293.7 149.1 296.9 495.8 149.2 497.9 149.2 485.8 149.2 40.2 743.0 10724 540.6 292.7 746.2 1 0743 540.8 22.0 21.6 21.9 20.4 21.7 485.7 508.4 511.4 306.3 508.6 307.7 510.0 293.1 Less: Personal contributions for social insurance 6,664.4 526.6 6,700.1 3,754.1 3,098.7 936.3 690.5 847.7 1,314.6 655.5 410.5 532.2 6,615.2 3,713.4 3,064.4 926.5 684.7 840.8 1,297.1 649.1 May 44.1 21.4 ' Preliminary. ' Revised. CCAdj Capital consumption adjustment IVA Inventory valuation adjustment Apr/ Mar. 148.0 291.9 291.3 718.9 146.3 291.2 735.7 484.2 146.7 Rental income of persons with CCAdj Feb. Jan. 482.6 • 39.4 465.5 Dec. 306.3 308.1 511.9 310.2 21.1 21.3 1 1055 559.5 22.3 513.4 , 514.6 309.4 311.3 22.1 515.0 313.8 523.9 318.7 315.8 320.3 769.8 1 120.1 566.3 1,122.5 567.3 22.0 21.9 21.7 530.3 529.8 531.9 320.1 320.1 21.9 320.9 322.9 533.4 322.7 Source: U.S. Department of Commerce, Bureau of Economic Analysis. Table B,2,—The Disposition of Personal Income 1997 1996 1995 1996 Sept. Aug. July June Oct | Dec. Nov. Feb. Mar. Apr." Mayr June'" July 6,700.1 942.3 6,750.3 957.7 6,788.2 6,823.1 981.1 6,862.7 6,872.2 997.4 5,757.8 5,565.9 5,396.7 661.0 1,584.5 3,151.1 152.2 5,792.7 5,821.2 6,801.0 972.6 5,828.4 5,578.5 5,409.7 659.8 1,589.0 3,160.9 151.7 5,579.5 5,592.9 5,422.8 643.2 1,576.9 3,202.7 152.6 5,602.3 5,432.2 643.8 1,577.0 3,211.4 152.7 Jan. Billions of dollars, unless otherwise indicated Persona! income 6,150.8 6,495.2 6,512.4 Less: Personal tax and nontax payments 795.1 5,355.7 886.9 885.1 5,608.3 5,627.3 5,368.8 5,350.8 5,190.6 630.1 1,530.9 3,029.6 144.4 Equals: Disposable personal Income Less1 Personal outlays Personal consumption expenditures Durable goods Nondurable goods Services Interest paid by persons Personal transfer payments to rest of world 5,101.1 4,957.7 608.5 1,475.8 2,873.4 128.5 Personal saving as percentage of disposable personal income * 6,664.4 921.7 936.8 6,538.9 897.0 6,582.0 909.1 6,575.6 909.4 5,619.0 5,379.5 5,641.9 5,673.0 5,403.2 5,666.2 5,693.5 5,727.6 5,450.0 5,285.4 638.8 1,557.8 3,088.8 147.9 5,470.2 5,302.7 638.4 1,558.1 3,106.2 150.8 5,505.9 5,336.4 637.4 1,564.6 3,134.5 152.8 5,216.8 631.5 1,536.4 3,048.9 146.8 5,389.2 5,226.4 641.1 1,533.5 3,051.9 146.9 5,238.8 630.7 1,545.0 3,063.0 148.5 967.0 5,410.8 654.4 1,588.6 3,167.8 151.6 5,842.0 992.3 5,870.4 5,615.7 5,444.4 646.5 1,580.7 3,217.1 153.8 5,874.8 5,657.5 5,485.7 658.8 1,589.9 3,237.0 154.4 14.8 15.9 15.8 15.9 15.9 15.9 16.7 16.7 16.7 17.0 17.0 17.0 17.5 17.5 17.5 17.5 254.6 1 Equals . Personal savings Addenda: Disposable personal income: Billions of chained (1992) dollars1 Per capita: Current dollars Chained (1992) dollars Population (thousands) Personal consumption expenditures: Billions of chained (1992) dollars Durable goods Nondurable goods Services Implicit price deflator, 1992-100 5,207.6 634.5 1,534.7 3,038.4 145.2 6,615.2 6,504.9 885.9 239.6 276.5 239.5 252.6 269.8 216.3 223.3 221.7 191.9 214.2 241.7 235.6 239.7 254.7 217.3 ( 4,964.2 20,349 18,861 263,194 5,076.9 21,117 19,116 265,579 5,103.2 21,199 19,224 265,456 5,079.7 21,150 19,120 265,669 5,094.4 21,219 19,160 265,886 5,110.3 21,318 19,204 266,106 5,087.2 21,277 19,103 266,308 4,595.3 583.6 1,412.6 2,599.6 107.9 4,714.1 611.1 1,432.3 2,671.0 110.5 4,707.1 607.6 1,430.5 2,669.2 110.3 4,716.1 609.0 1,432.7 2,674.5 110.6 4,719.3 618.5 1,431.6 2,670.0 110.7 4,719.2 608.0 1,437.5 2,673.9 111.0 4.8 4.3 4.9 4.3 4.5 4.8 5,101.1 21,364 19,142 266,492 5,123.0 21,478 19,211 266,672 5,142.3 21,579 19,272 266,826 5,159.4 21,697 19,326 266,975 5,181.4 21,789 19,394 267,161 5,182.6 21,800 19,385 267,354 5,196.0 21,836 19,421 267,541 5,214.9 21,926 19,477 267,740 5,211.2 21,926 19,449 267,938 4,745.2 616.0 1,443.7 2,686.1 111.4 4,751.0 617.2 1,439.3 2,694.7 111.6 4,773.1 618.2 1,440.7 2,714.0 111.8 4,819.8 641.2 1,456.0 2,724.2 112.0 4,818.3 638.4 1,458.1 2,723.2 112.3 4,816.1 633.8 1,459.2 2,724.2 112.3 4,822.0 626.2 1,446.3 2,748.6 112.5 4,831.5 628.4 1,449.0 2,753.3 112.4 4,836.4 632.5 1,453.0 2,750.8 112.6 4,866.0 645.6 1,459.1 2,762.1 112.7 3.8 3.9 3.9 3.3 3.7 4.2 4.0 4.1 4.3 3.7 Percent change from preceding period Personal Income, current dollars Disposable personal income: Current dollars Chained (1992) dollars Personal consumption expenditures: Current dollars Chained (1992) dollars 6.2 5.6 1.0 6.0 3.3 4.7 2.3 .9 .8 5.1 2.4 5.0 2.6 -.2 -.3 0.5 0.7 -.1 -.5 .4 .3 .6 .3 .5 .2 .2 .1 .2 0 -0.1 f Preliminary. ' Revised. 1. Disposable personal income in chained (1992) dollars equals the current-dollar figure divided by the implicit price deflator for personal consumption expenditures. 0.6 0.7 0.5 0.7 0.6 0.2 0.3 0.6 0.1 -.1 -.5 .5 .3 .6 .4 .5 .4 .6 .3 .5 .4 .1 0 .2 .3 .5 .4 .1 -.1 .9 .6 .3 .1 .6 .5 1.1 1.0 .2 0 .2 .1 .2 .2 .2 .1 .8 .6 -0.1 0 0 2. Monthly estimates equal personal saving for the month as a percentage of disposable personal income for that month. Source: U.S. Department of Commerce, Bureau of Economic Analysis, D-28 • National Data SURVEY OF CURRENT BUSINESS September 1997 Annual Estimates: Except as noted, these tables are derived from the NIPA tables published in the August 1997 SURVEY OF CURRENT BUSINESS; they are consistent with the most recent comprehensive and annual revisions. Table B,i2 is not included in "Other NIPA and NiPA-Related Tables" this month. The data in table 6.12 are presented in more detail in "Fixed Reproducible Tangible Wealth, 1929-96" elsewhere in this issue; the data are consistent with the most recent annual revision. Table B.3.—Gross Domestic Product by Industry, Current-Dollar and Real Estimates for 1992-94 Billions of dollars 1992 Gross domestic product . . . Private industries Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing .... 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 products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaenous plastics Leather and leather products Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit .... Trucking and warehousing Wfltor tranQnnrtatinn Transoortation bv air Pipelines, except natural gas 1993 Billions of dollars Billions of chained (1992) dollars 1994 1992 1993 1992 1994 6,244,4 6,550.2 6,931.4 6,244.4 6,383.8 6,604.2 5,370.8 5,650.0 6,000.0 5,370.8 5,508.7 5,728.7 Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services 105.3 117.8 112.4 103.3 115.7 80.5 31.9 72.0 33.3 82.2 35.7 80.5 31.9 70.9 32.3 83.9 32.1 89.0 90.1 92.2 90.7 96.7 13.6 65.0 12.5 63.6 13.8 62.8 5.5 13.6 65.0 5.2 13.9 63.3 16.2 67.7 8.1 8.5 8.2 8.3 8.6 229.7 243.6 269.2 229.7 236.1 253.1 1,063.6 1,116.5 1,197.1 1,063.6 1,095.3 1,168.0 573.4 612.3 673.1 573.4 601.2 657.9 32.0 16.2 25.1 39.0 70.1 35.3 17.6 25.7 40.8 74.5 41.0 19.0 27.9 44.2 82.5 32.0 16.2 25.1 39.0 70.1 28.7 17.8 25.0 41.9 74.2 31.5 18.4 26.2 42.9 82.9 108.6 111.9 111.8 119.3 130.0 108.6 115.8 113.6 127.6 138.4 66.2 53.2 53.6 21.8 84.1 47.6 54.5 23.1 98.6 52.8 56.5 54.2 20.1 60.6 51.6 51.3 21.1 72.8 45.1 50.9 22.4 490.2 504.3 524.0 490.2 102.1 103.7 108.1 102.1 494.1 102.2 510.2 104.8 18.4 25.4 27.2 45.8 79.7 16.5 25.5 27.3 47.6 81.7 16.6 25.6 27.8 49.0 85.7 18.4 25.4 27.2 45.8 79.7 17.5 25.9 26.9 49.9 77.3 22.0 27.3 27.8 49.7 78.2 120.5 126.5 132.4 120.5 122.1 125.1 28.2 38.1 29.8 41.1 29.7 45.0 28.2 38.1 27.1 40.9 26.8 45.7 4.8 4.6 4.1 4.8 4.6 3.9 566.2 207.6 606.4 222.8 528.8 555.8 585.3 192.8 192.8 205.1 215.5 22.1 10.9 82.2 10.3 43.0 23.0 11.3 88.4 10.3 48.6 24.3 11.7 95.1 10.6 51.1 22.1 10.9 82.2 10.3 43.0 24.0 10.9 88.3 10.4 45.2 26.2 11.1 89.6 10.9 49.9 528.8 4.9 5.2 5.7 4.9 5.7 1994 20.8 24.3 19.6 20.8 21.9 173.4 137.4 188.3 148.6 161.0 129.5 170.1 136.3 182.1 143.7 31.5 35.9 39.7 31.5 33.7 38.1 175.0 185.2 195.3 175.0 180.6 188.0 406.5 , 423.1 461.9 406.5 418.6 450.0 571.1 609.9 544.3 563.2 595.4 4.5 8.2 98.6 52.8 56.5 54.2 20.1 1993 19.6 Retail trade 5.0 1992 161.0 129.5 Wholesale trade 92.2 4.9 1994 544.3 112.4 5.5 1993 Billions of chained (1992) dollars 6.0 Finance, insurance, and real estate . Depository instituions Nondepository institutions .... Security and commodity brokers Insurance carriers Insurance agents, brokers, and services ...... Real estate Other real estate Holding and other investment offices 28.3 49.5 83.4 39.5 35.3 62.9 99.6 42.0 735.8 553.5 762.4 568.7 802.3 605.2 182.3 Nnnfsrm hnnsinn ^prvirps 193.7 9.8 197.1 9.3 12.3 Services . . Hotels and other lodoino places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services Membership organizations Other services Private households 31.0 69.5 104.1 45.3 1,200.8 1,266.1 1,342.7 1,148.8 1,159.8 1,192.8 200.1 196.9 197.2 28.3 49.5 83.4 39.5 32.0 65.1 74.0 40.2 34.0 74.4 76.3 41.9 735.8 553.5 182.3 740.4 552.9 187.6 758.4 571.9 186.4 12.3 12.8 12.9 1,200.8 1,222.1 1,249.6 51.0 41.0 2 Not allocated by industry 52.5 42.8 52.6 43.1 218.9 234.3 247.0 54.0 19.2 22.1 48.7 57.4 19.4 24.8 52.2 51.1 17.5 20.0 47.9 51.0 17.2 21.9 47.0 51.6 16.9 23.6 48.4 384.8 408.3 369.1 363.1 368.3 90.1 46.3 36.9 38.9 92.3 48.5 40.1 42.1 94.4 51.4 43.4 44.5 90.1 46.3 36.9 38.9 87.9 46.8 39.3 40.8 86.7 47.6 41.2 42.8 162.2 171.2 180.0 162.2 167.5 170.6 10.1 10.7 10.8 10.1 10.3 10.2 43.7 55.1 31.3 43.7 53.7 29.8 873.6 State and local General government Government enterprises 51.0 41.0 253.5 369.1 : 56.1 46.5 233.4 51.1 17.5 20.0 47.9 ... Federal General government Government enterprises 54.6 44.5 218.9 Statistical discreoancv 1 Government 1,148.8 1,214.0 1,273.7 200.1 202.0 212.1 900.2 931.3 873.6 875.1 875.8 321.4 274.4 322.5 276.6 327.1 275.7 321.4 274.4 314.7 267.3 305.0 256.8 47.0 45.9 51.4 47.0 47.5 48.4 552.2 506.6 577.7 529.9 604.3 551.4 552.2 506.6 560.3 515.6 570.8 525.8 45.6 47.8 52.9 45.6 44.7 45.1 0 7.0 -14.5 NoiE.-Estimates in this table are based on the 1987 Standard Industrial Classification. The table is derived from 1. The current-dollar statistical discrepancy equals gross domestic product (GDP) measured as the sum of expenditures less gross domestic income—that is, GDP measured as the costs incurred and profits earned in domestic tables 10 and 14 in "Improved Estimates of Gross Product by Industry, 1959-94" in the August 1996 SURVEY OF production. The chained (1992) dollar statistical discrepancy equals the current-dollar discrepancy deflated by the CURRENT BUSINESS. The estimates do not reflect the most recent annual revision of the NIPA's. implicit price deflator for gross domestic product. 2. Equals GDP in chained (1992) dollars less the statistical discrepancy and the sum of GPO of the detailed industries. September 1997 National Data • SURVEY OF CURRENT BUSINESS D-29 Table B.4.—Personal Consumption Expenditures by Type of Expenditure Billions of dollars 1994 1995 Billions of dollars Billions of chained (1992) dollars 1996 1994 1995 Addenda: Food excluding alcoholic beverages (n. d.) Alcoholic beverages purchased for off-premise consumption (n d ) . .... Other alcoholic beverages (n. d.) Clothing, accessories, and Jewelry , Shoes (n. d.) .. Clothing and accessories except shoes2 Women's and children's (n. d.) Men's and boys' (n. d.) Standard clothing issued to military personnel (n. d) Cleaning, storage, and repair of clothing and shoes (s.) ... Jewelrv and watches (d.) OtherMs.) .. Toilet articles and'prepaVatiow Barbershops, beauty parlors, and health clubs (s.) Housing Owner-occupied nonfarm dwellings space rent4 (s.) Tenant-occupied nonfarm dwellings rent5 (s.) Rental value of farm dwellings (s.) Other 6 (s.) Household operation Furniture, including mattresses and bedsprings (d.) Kitchen and other household appliances ^(dO China, glassware, tableware, and utensils (d.) Other durable house furnishings8 (d.) Semidurable house furnishings9 (n. d.) Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n. d) Stationery and writing supplies (n. d.) Electricity (s.) ....!]]!!!!!]»]...Z!Z!!I!!!!I".!!.!!]"."!!!."!!!.....!" Gas (s.) Water and other sanitary services (s.) Fuel oil and coal (n. d.) Telephone and telegraph (s.) , Domestic service (s ) Other 10 (s.) Medical care Drug preparations and sundries11 (n. d.) Ophthalmic products and orthopedic appliances (d.) Physicians (s.) Dentists (s.) .. Other professional services 12 is ) Hospitals and nursing homes " NonDrofit (s.i"!.!!!!.!!!!.!!!!.!!".!!!!!!!!!!!!!!!!!!!!!!!..!!!!!".!!!!.!!! .wiifrivM. \«../ . Government (s.) Health insurance Medical care15 hospitalization :[4 (s.) and Income loss (s.) Workers' compensation 16 (s.) 47.3 48.7 49.6 47.2 47.4 46.8 633.6 652.0 669.9 608.7 610.2 608.7 53.9 27.0 54.9 28.2 57.3 28.9 53.7 25.6 54.5 25.9 55.5 25.7 312.7 323.4 336.3 308.5 321.8 335.3 36.0 36.8 38.1 36.6 37.6 211.6 137.5 217.7 141.3 220.6 74.1 76.4 226.0 145.8 802 .3 35.7 2112 229.9 150.7 792 .3 .3 .3 137.0 74.1 .3 1442 76.4 .3 12.3 39.3 17.1 12.3 41.6 18.1 11.0 35.6 14.7 11.5 36.8 16.0 11.3 39.7 16.6 45.3 23.0 71.9 47.2 24.7 75.7 49.9 25.7 65.5 43.7 21.8 67.9 45.0 22.9 70.1 47.0 23.0 712.7 507.0 174.0 5.8 750.3 532.2 184.6 5.9 787.2 558.3 193.6 6.1 674.3 479.6 688.2 4872 171.1 52 700.2 495.3 174.9 5.1 26.0 27.5 29.1 24.3 24.8 25.0 535.0 562.6 591.9 48.0 27.2 25.3 54.5 28.9 49.6 27.8 27.4 533.6 442 548.4 45.9 25.6 24.0 52.3 27.2 514.5 432 26.6 30.1 25.0 23.5 51.4 25.7 50.8 15.1 52.3 15.8 54.5 17.0 50.2 14.4 50.0 14.4 50.6 14.8 163.8 842 168.5 177.9 156.3 159.4 88.0 31.5 38.8 90.3 34.9 41.1 11.6 96.9 12.5 40.1 82.6 30.0 33.0 10.7 79.6 84.3 30.7 33.8 10.5 86.6 11.7 35.9 163.1 852 11.6 37.7 15.6 6a4 32.4 36.6 10.5 82.6 11.9 35.8 102 90.2 12.8 39.4 582 1652 5.2 112 342 250 53.1 26.9 826.1 671.6 912.8 751.0 766.2 81.6 12.9 85.7 13.1 90.9 13.9 76.7 12.3 79.1 160.0 191.4 196.5 162.4 43.9 95.7 47.6 50.9 1102 39.8 357.0 298.1 2002 32.1 65.8 58.9 55.0 42.9 2.7 9.4 104.4 375.9 310.6 207.9 34.5 682 65.2 53.6 40.7 2.9 10.0 3942 325.1 217.3 37.1 70.7 69.1 56.3 41.8 32 11.3 892 331.5 276.9 187.8 292 59.9 54.6 40.0 36.6 2.4 2.3 122 166.1 41.1 95.6 336.6 278.5 1882 30.3 60.0 58.1 37.5 352 2.5 1.6 44.6 27.1 26.9 56.1 282 32.7 34.6 10.6 91.1 11.0 35.3 782.4 81.7 12.6 169.3 420 99.1 343.1 284.4 191.8 31.9 60.7 58.7 36.9 34.7 2.6 1.8 1. Consists of purchases (including tips) of meals and beverages from retail, service, and amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms. Includes meals and beverages consumed both on-and off-premise. 2. Includes luggage. 3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services. 4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen doors, but excludes rent for appliances and furniture and purchases of fuel and electricity. 5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture. 6. Consists of transient hotels, motels, clubs, schools, ana other group housing. 7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment, stoves, room air conditioners, sewing machines, vacuum cleaners, and other appliances. 8. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows, picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools. 9. Consists largely of textile house furnishings, including piece goods allocated to house furnishing use. Also includes lamp shades, brooms, and brushes. 10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and express charges, premiums for fire and theft insurance on personal property less benefits and dividends, and miscellaneous household operation services. 11. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 12. Consists of osteopathic physicians, chiropractors, private duty nurses, chiropodists, podiatrists, and others providing health and allied services, not elsewhere classified. 13. Consists of (1) current expenditures (including consumption of fixed capital) of nonprofit hospitals and nursing homes, and (2) payments by patients to proprietary and government hospitals and nursing homes. 14. Consists of (1) premiums, less benefits and dividends, for health, hospitalization, and accidental death and dismemberment insurance provided by commercial insurance earners, and (2) administrative expenses (including consumption of fixed capital) of Blue Cross and Blue Shield plans and of other independent prepaid and self-insured health plans. 15. Consists of premiums, less benefits and dividends, for income loss insurance. 16. Consists of premiums, less benefits and dividends, for privately administered workers' compensation. 17. Consists of (1) operating expenses of life insurance carriers and private noninsured pension plans, and (2) premiums, less benefits and dividends, of fraternal benefit societies. Excludes expenses allocated by commercial carriers to accident and health insurance. 18. Consists of current expenditures (including consumption of fixed capital) of trade unions and professional associations, employment agency fees, money order fees, spending for classified advertisements, tax return preparation services, and other personal business services. 19. Consists of premiums, less benefits and dividends, for motor vehicle insurance. 20. Consists of baggage charges, coastal and inland waterway fares, travel agents' fees, and airport bus fares. 21. Consists of admissions to professional and amateur athletic events and to racetracks. 1994 1996 Personal consumption expenditures • . . . . . 4,717.0 4,957.7 5,207.6 4,486.0 4,595.3 4,714.1 Food and tobacco .....< 761.7 783.8 805.7 735.0 737.9 736.5 Food purchased for off-premise consumption (n. d.) 462.2 478.4 434.5 433.4 434.7 451.6 268.7 245.1 248.7 246.6 Purchased meals and beverages 1 (n. d.) 254.3 264.1 8.7 Food furnished to employees (including military) (n. d.) .... 8.4 7.8 8.1 7.9 8.0 .4 .4 .4 Food produced and consumed on farms (n. d.) .5 .5 .5 Billions of chained (1992) dollars Personal business Brokerage charges and investment counseling (s.) Bank service charges, trust services, and safe deposit box rental (s.) . Services furnished without payment by financial intermediaries except life insurance carriers and private noninsured pension plans (s ) Expense of handling life insurance 17 (s.) Legal services (s ) .. . Funeral and burial expenses (s.) Other 18 (s ) User-operated transportation New autos (d.) Net purchases of used autos (d.) Other motor vehicles (d.) Tires, tubes, accessories, and other parts (d.) Repair, greasing, washing, parking, storage, rental, and leasing (s ) Gasoline and oil (n d) Bridge, tunnel, ferry, and road tolls (s.) Insurance 19 (s) Purchased local transportation Mass transit systems (s.) Taxicab (s.) . Purchased intercity transportation Railway (s.) . Bus (s.) Airline 26 ... (s.) Other (s.) Recreation Books and maps (d.) Magazines, newspapers, and sheet music (n. d.) Nondurable toys and sport supplies (n. d.) Wheel goods, sports and photographic equipment, boats, and pleasure aircraft (d.) Video and audio products, computing equipment, and musical instruments (d.) Radio and television repair (s.) Flowers, seeds, and potted plants (n. d.) Admissions to specified spectator amusements 19.0 202 22.1 17.8 182 18.9 Motion picture theaters (s.) Legitimate theaters and opera, and entertainments of nonprofit institutions (except athletics) (s.) Spectator sports21 (s.) Clubs and fraternal organizations 22 (s ) .... ; Commercial participant amusements23 (s.) Pari-mutuel net receipts (s.) 24 Other (s.) Higher education 25 (s ) Nursery, elementary, and secondary schools26 (s.) Other " (s.) Religious and welfare activities28 (s.) Foreign travel and other, net Foreign travel by U. S. residents (s.) Expenditures abroad by U S residents (n d ) Less: Expenditures in the United States by nonresidents (s) Less: Personal remittances in kind to nonresidents (n. d.) Residual 1995 1996 1994 1995 1996 370.4 362 389.1 352.1 350.7 363.6 38.8 421.1 472 37.8 41.8 50.0 31.6 33.9 37.3 27.5 27.8 28.9 151.5 159.8 169.9 146.5 141.9 143.9 72.6 48.8 11.1 18.5 75.4 49.1 79.9 122 19.9 12.8 21.8 68.1 45.3 10.1 17.1 67.9 44.0 10.5 17.6 68.5 45.2 10.4 18.7 542.2 502.6 912 572.3 530.1 602.2 557.7 515.3 476.6 528.0 487.8 497J 44.1 76.8 34.5 87.1 52.4 79.4 35.8 86.1 55.3 82.1 37.9 86.2 37.5 71.4 35.1 80.6 40.8 71.7 362 116.4 109.4 2.6 128.7 114.4 2.8 140.1 122.6 2.9 108.5 109.8 2.4 116.5 113.1 2.4 27.5 29.4 30.9 10.1 25.6 26.0 8.9 5.9 3.0 30.7 .7 1.1 25.8 92 6.0 3.2 33.0 .8 1.3 27.7 3.2 3.3 370.2 402.5 20.6 24.5 39.7 522 6.6 3.5 34.4 .8 1.3 282 4.0 8.6 5.7 2.9 30.1 .7 1.1 25.5 8.5 5.5 3.0 31.7 .7 1.4 26.8 78.2 42.1 72.5 38.3 123.3 114.1 2.5 262 8.5 5.6 3.0 342 .7 1.4 28.8 2.8 2.8 3.3 431.1 232 365.2 395.7 424.4 19.6 26.5 45.4 229 422 20.6 22.9 41.4 20.8 22.7 43.9 35.6 39.1 42.0 34.8 37.7 40.3 78.5 852 4.9 89.7 87.4 119.5 4.5 13.9 14.9 101.8 4.5 132 4.5 13.4 22.1 25.5 5.1 38.9 42 13.4 14.4 5.6 6.0 6.3 52 5.4 5.4 82 52 8.7 5.5 9.3 6.4 7.7 4.9 112 7.9 5.0 8.0 5.5 11.8 36.2 3.3 12.7 41.5 3.3 13.0 11.5 38.0 11.8 41.1 462 3.5 34.1 79.1 85.5 89.3 102.7 3.1 3.1 3.1 83.1 91.9 99.6 104.7 112.2 119.6 59.0 21.4 24.4 62.2 22.8 65.2 24.0 30.3 96.8 53.1 20.4 23.4 99.4 53.7 20.8 25.0 131.2 139.8 150.5 125.6 128.6 136.6 -18.3 -22.1 -19.5 -21.5 51.9 -265 54.9 -16.2 50.1 48.8 48.9 50.8 2.7 69.7 1.4 272 2.6 752 1.4 2.6 82.7 12 2.8 66.4 1.3 -5.7 2.4 69.5 1.3 -10.6 54.0 21.7 272 2.4 73.5 1.1 -17.8 22. Consists of dues and fees excluding insurance premiums. 23. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and swimming places; amusement devices and parks; golf courses; sightseeing buses and guides; private flying operations; casino gambling; and other commercial participant amusements. 24. Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable TV, film processing, photographic studios, sporting and recreation camps, video cassette rentals, and recreational services, not elsewhere classified. 25. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and less expenditures for research and development financed under contracts or grants. For government institutions, equals student payments of tuition. 26. For private institutions, equals current expenditures (including consumption of fixed capital) less receiptssuch as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures. For government institutions, equals student payments of tuition. Excludes child day care services, which are included in religious and welfare activities. 27. Consists of (1) fees paid to commercial, business, trade, and correspondence schools and for educational services, not elsewhere classified, and (2) current expenditures (including consumption of fixed capital) by research organizations and foundations for education and research. 28. For nonprofit institutions, equals current expenditures (including consumption of fixed capital) of religious, social welfare, foreign relief, and political organizations, museums, libraries, and foundations, the expenditures are net of receipts—such as those from meals, rooms, and entertainments—accounted for separately in consumer expenditures, and excludes relief payments within the United States and expenditures by foundations for education and research. For proprietary and government institutions, equals receipts from users. NOTES.—Consumer durable goods are designated (d.), nondurable goods (n. d.), and services (s.). Estimates of foreign travel by U. S. residents (line 108) expenditures were $0.3 billion in 1981. Beginning with 1984, estimates of foreign travel by U. S. residents include substantially improved estimates of U. S. residents' foreign travel and passenger fare expenditures. Estimates of expenditures in the United States by nonresidents (line 110) include, beginning with 1981, nonresidents' student and medical care expenditures in the United States. Student expenditures were $22 billion, and medical expenditures were $0.4 billion in 1981. Beginning with 1984, estimates of expenditures in the United States by nonresidents include substantially improved estimates of nonresidents' travel expenditures. Expenditures in the United States by nonresidents are subtracted from total personal consumption expenditures (line 110) because they are included in detailed type of expenditure estimates elsewhere in personal consumption expenditures. Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 currentdollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-doilar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. D-30 • National Data Table B.6.—Private Purchases of Producers' Durable Equipment by Type Table B.5.—Private Purchases of Structures by Type Billions of dollars Billions of dollars Billions of chained (1992) dollars 1994 New . ..... ....... Nonresidential buildings, excluding farm Industrial Commercial Office 2buildings ' Other Religious Educational Hospital and institutional Other3 Utilities Railroads Telecommunications Electric light and power Gas Petroleum pipelines Farm . . . Mining exploration, shafts, and wells Petroleum and natural gas Other Other4 ... Brokers' commissions on sale of structures Net purchases of used structures Residential New New housing units Permanent site Single-family structures Multifamily structures Mobile homes Improvements Other5 Brokers' commissions on sale of structures Net purchases of used structures Residual 1995 1996 1994 1995 1996 463.6 Private purchases of structures NonresidentiaS 478.4 517.0 432.8 430.0 453.7 184.5 200.6 215.2 172.5 179.9 188.7 184.3 200.2 214.7 172.2 179.5 188.2 125.5 140.8 156.1 116.9 126.1 136.7 28.9 61.9 25.8 36.1 32.5 70.8 29.8 41.0 32.1 77.6 32.1 45.5 27.0 57.7 24.1 33.6 29.1 63.4 26.7 36.7 28.1 68.0 28.2 39.8 3.8 5.6 4.2 6.2 4.4 7.5 3.5 5.2 3.8 5.6 1994 3.9 6.6 13.7 11.6 12.5 14.5 13.4 21.1 12.7 10.8 11.2 13.0 11.7 18.5 32.0 33.2 33.3 29.9 30.0 29.3 3.3 10.1 13.0 4.6 1.0 3.2 16.7 14.7 1.9 6.9 1.5 3.5 11.0 12.3 5.5 .9 3.0 16.3 14.8 1.5 6.9 1.6 4.6 11.9 11.0 4.7 1.0 3.7 16.1 14.8 1.3 5.7 1.8 3.0 9.6 12.1 4.2 .9 3.0 15.8 14.0 1.8 6.6 1.4 3.1 10.1 11.0 5.0 .8 2.7 14.3 13.0 1.3 6.3 1.5 3.9 10.4 9.8 4.2 .9 3.2 13.9 12.7 1.1 5.0 1.6 -1.2 -1.3 -1.3 -1.2 -1.1 -1.2 279.1 277.8 301.7 260.3 250.0 265.0 248.5 246.9 267.0 230.8 220.8 233.6 177.2 167.9 153.8 174.4 163.1 145.2 192.1 179.4 159.1 162.0 153.7 140.1 153.1 143.5 126.9 165.2 154.8 136.6 14.1 17.9 11.3 72.0 20.3 12.6 74.4 13.6 16.9 18.6 10.3 67.7 9.3 71.0 .3 31.6 -1.0 .5 32.1 -1.1 .6 36.3 -1.6 8.3 68.4 .3 30.4 -.9 .3 9.5 67.3 .4 30.3 -1.0 -.1 .5 32.7 -1.4 .3 1. Consists of office buildings, except those constructed at industrial sites and those constructed by utilities for their own use. 2. Consists of stores, restaurants, garages, service stations, warehouses, mobile structures, and other buildings used for commercial purposes. 3. Consists of hotels and motels, buildings used primarily for social and recreational activities, and buildings not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals. 4. Consists primarily of streets, dams and reservoirs, sewer and water facilities, parks, and airfields. 5. Consists primarily of dormitories, fraternity and sorority houses, and nurses' homes. NOTE. Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. September SURVEY OF CURRENT BUSINESS Private purchases of producers' durable equipment Nonresidential equipment Information processing and related equipment Office, computing, and accounting machinery Computers and peripheral equipment 1 Other Communication equipment Instruments *.. Photocopy and related equipment 1995 1996 Billions of chained (1992) dollars 1994 1995 1996 483.0 529.6 573.7 483.5 535.2 593.1 476.1 522.4 566.2 476.8 528.3 586.0 152.1 172.8 195.1 165.1 59.3 51.8 73.5 65.6 88.1 78.7 73.9 67.2 7.5 52.8 22.1 17.9 7.9 59.4 22.4 17.6 9.3 65.9 23.4 17.7 201.8 253.1 108.1 164.2 102.8 160.8 7.5 9.0 7.3 53.7 21.2 17.3 62.0 21.2 16.6 69.9 21.8 16.4 Industrial equipment ... . 109.3 121.5 127.5 105.5 113.4 117.0 11.7 11.0 10.5 11.1 10.4 10.6 Fabricated metal products 3.7 4.0 4.8 4.2 4.0 4.6 Engines and turbines 28.2 26.6 Metalworking machinery .... 24.4 29.6 23.3 26.0 29.9 31.2 32.8 29.0 Special industry machinery, n e e 26.9 25.9 General industrial, including materials handling, 26.0 24.0 equipment 23.6 25.8 28.5 22.6 Electrical transmission, distribution, and 19.7 20.9 19.8 19.0 20.9 18.6 industrial apparatus Transportation and related equipment Trucks, buses, and truck trailers Autos Aircraft Ships and boats Railroad equipment Other equipment Furniture and fixtures Tractors Agricultural machinery, except tractors Construction machinery, except tractors Mining and oilfield machinery Service industry machinery Electrical equipment n e e Other Less: Sale of equipment scrap, excluding autos Residential equipment ..;: 118.6 125.7 134.5 113.2 118.9 125.0 55.0 48.0 63.3 42.3 12.8 68.9 45.3 13.4 50.6 47.8 56.7 43.4 11.6 61.3 45.1 11.8 8.9 1.5 5.1 99.9 25.6 9.9 9.7 12.0 1.5 13.4 10.7 16.9 1.5 5.7 1.6 5.3 106.9 113.7 28.1 10.4 10.4 13.5 30.2 10.9 10.9 14.4 1.8 14.4 10.8 17.5 2.3 15.2 11.1 18.6 96.0 24.5 9.5 9.2 11.4 1.5 13.0 10.6 16.3 1.4 5.2 1.4 4.6 100.3 104.6 26.2 27.4 10.2 9.8 9.6 12.4 1.7 13.5 10.4 16.5 9.9 13.0 2.1 14.0 10.8 17.2 3.7 4.5 4.6 3.1 3.4 3.8 6.9 7.2 7.5 6.7 7.0 7.1 Residual Addenda: Private purchases of producers' durable equipment less: Dealers' margin on used equipment Net purchases of used equipment from government Plus1 Net sales of used equipment Net exports of used equipment Sale of equipment scrap Eauals: Private purchases of new eauioment 8.4 1.5 4.9 -1.4 -10.3 -33.8 483.0 529.6 573.7 4.9 5.3 5.8 1.0 31.3 1.1 37.6 1.2 39.7 .7 1.5 .6 3.8 4.6 4.6 513.7 566.0 611.8 1. Includes new computers and peripheral equipment only. NOTE. Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines. n.e.c. Not elsewhere classified. September 1997 National Data • D-31 SURVEY OF CURRENT BUSINESS Table B.7.—Compensation and Wage and Salary Accruals by Industry [Millions of dollars] Total 1995 Compensation Wage and salary accruals Compensation 1994 1996 1994 1995 37,011 15,586 20,303 21,423 23,234 Mining Metal mining Coal mining Oil and gas extraction Nonmetallic minerals, except fuels 32,656 2,791 6,375 19,069 4,421 32,892 3,145 6,174 18,929 4,644 33,678 3,358 5,974 19,539 4,807 182,016 193,746 209,279 792,034 486,844 23,018 14,927 21,564 36,102 56,398 95,407 816,853 505,167 23,802 15,443 22,129 37,261 58,594 100,891 72,726 61,771 47,367 44,806 Construction Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment ... Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Printing and publishing Chemicals and allied 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 29852 12,325 31,915 13,309 17,527 18,606 20,313 26,378 2,187 4,993 15,606 26843 2,518 4,884 15,628 3,813 27,644 2,707 4,739 16,240 3,958 147,425 157,684 172,234 839,754 521,750 24,832 15,754 22,920 37,888 60,161 105,182 625,496 379,616 18,495 11,986 17,054 26,841 44,496 76,720 651,750 398,272 19,401 12,584 17,706 27,990 46,794 82,191 675,067 416,061 20,459 12,964 18,548 28,866 48,553 86,528 77,181 65,047 46,243 45,579 80,895 65,911 47,105 47,745 58,302 42,384 36,861 35,960 62,681 44,886 36,172 37,013 66,179 46,377 37,186 39,158 12,758 305,190 59,381 2,768 19,274 21,352 32,236 58,652 63,653 10,769 12,997 311,686 61,042 2,949 18,956 20,996 32,936 60,387 65,393 10,834 13,357 318,004 62,422 3,014 18,744 20,379 33,661 62,308 67,538 10,738 10,517 245,880 47,614 2,062 15,840 17,442 26,230 48,193 50,743 7,796 10,854 253,478 49,527 2,215 15,697 17,322 27,058 50,087 52,582 7,837 11,243 259,006 50,746 2268 15,544 16,816 27,672 51,718 54,411 7,791 34,133 2,972 35,322 2,871 36,478 2,722 27,527 2,433 28,784 2,369 29,803 2,237 265,575 144,649 15,346 276,517 150,664 15,313 287,023 156,924 15,525 211,840 113,626 11,249 221,770 119,110 11,271 231,072 124,815 11,422 8,911 63,763 7,757 34,424 1,126 13,322 9,374 66,914 7,843 35,714 1,051 14,455 10,101 60,838 7,895 46,492 1,007 15,066 7,292 49,750 6,238 27,189 929 10,979 7,731 52,594 6,323 28,339 869 11,983 8,381 47,040 6,429 38,220 829 12,494 1. Consists of museums, botanical, zoological gardens; engineering and management services; and services, not elsewhere classified includes estimates of foreign professional workers and undocumented Mexican migratory 1995 1996 67,070 51,679 15,391 53,856 71,112 53,701 17,411 54,741 75,153 56,202 18,951 54,946 55,320 42,517 12,803 42,894 58,933 44,315 14,618 43,727 62,279 46,361 15,918 43,978 259,828 276,202 289,438 217,964 234,467 246,452 365,722 383,120 399,951 313,776 329,936 345,994 Finance, insurance, and real estate .... Depository institutions Nondepository institutions Security and commodity brokers 34,476 14,163 39,619 16,385 1994 Retail trade 3,213,814 3 392,629 3,574,191 2.654320 2,822,137 2,993,607 34,780 14,477 1996 Wholesale trade 4,014,482 4,217,968 4,429,472 3,256,510 3,445,117 3,636,201 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing 1995 310,211 77,101 21,474 53,798 70,378 324,894 80,243 21,677 59,450 72,737 350,180 83,793 25,089 68,973 75,871 260,045 62,949 18,087 46,857 58,148 273,124 65,664 18,317 51,967 60,125 296,112 69,013 21,223 60,688 63,079 29,514 41,284 16,662 31,008 42,182 17,597 32,828 44,906 18,720 25,039 34,567 14,398 26,384 35,442 15,225 28,031 37,910 16,168 970,992 1,051,394 1,125,269 35,886 37,676 34,231 22,439 23,495 24,609 168,265 193,888 221,473 25,924 30,388 27,830 11,247 10,222 12,103 16,837 18,956 14,426 31,264 34,526 37,235 325,041 344,680 359,179 60,452 56,886 58,333 49,079 51,755 54,601 821,544 28,966 19,383 142,292 22,053 8,709 12,224 26,179 271,678 48,407 41,294 894,648 30,557 20,405 165,300 23,824 9,650 14,399 29,150 289,564 49,761 43,697 964,556 32,322 21,518 190,526 26,212 10,455 16,289 31,764 303,790 51,905 46,503 86,121 42,375 43,746 136,059 11,035 91,565 45,862 45,703 149,531 11,821 95,877 48,350 47,527 161,263 11,457 73,364 35,109 38,255 116,205 10,790 78,346 38,282 40,064 128,432 11,563 82,749 40,766 41,983 139,316 11,207 800,668 258,006 208,312 123,976 84,336 49,694 542,662 506,154 265,457 240,697 36,508 825 339 258,051 207,288 123,427 83,861 50,763 567,288 529,188 279,024 250,164 38,100 855,281 264,853 212,849 125,174 87,675 52,004 590,428 551,031 292,665 258,366 39,397 602,190 173,413 139,744 84,864 54,880 33,669 428,777 399,489 207,472 192,017 29,288 622,980 175,045 140,708 84,540 56,168 34,337 447,935 417,381 217,962 199,419 30,554 642,594 177,228 142,038 85,541 56,497 35,190 465,366 433,845 228,252 205,593 31,521 -2,480 1,239 3,719 -2,534 1,323 3,857 -2,560 1,338 3,898 -2,480 1,239 3,719 -2,534 1,323 3,857 -2,560 1,338 3,898 Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services 4,012,002 4,215,434 4,426,912 3254030 3,442,583 3,633,641 Domestic Industries Wage and salary accruals 1994 1996 Insurance agents, brokers, and service , Real estate Holding and other investment offices Services ....... Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services ... Health services Educational services Social services and membership organizations Social services Membership organizations Other services l Private households Government Federal General government Civilian 2 Military . Government enterprises State and local General government Education Other Government enterprises Rest of the world Receipts from the rest of the world Less: Payments to the rest of the world3 Addenda: Households and institutions Nonfarm business 312,741 346,034 331,760 2,972,798 3,134,144 3,303,173 workers employed temporarily in the United States, NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). in Sffl^ * ^ "* ^ "SUPP'ementS"" "^ D-32 • National Data SURVEY OF CURRENT BUSINESS September 1997 Table B.8.—Employment by Industry [Thousands] Persons engaged in production » Full-time and part-time employment 1994 Total 1995 1996 1994 1995 Full-time and part-time employment 124,602 126,992 118,560 121,370 123,666 Domestic Industries 122,258 125,171 127,543 119,042 121,858 124,151 Private Industries 100,326 103,195 105,596 100,750 103,531 105,947 1,936 840 1,096 2,004 868 1,136 2,069 860 1,209 3,148 1,791 1,357 3,199 1,810 1,389 3,300 1,818 1,482 606 49 113 339 105 587 52 106 321 108 583 54 99 321 109 607 49 110 345 103 590 52 103 327 108 586 54 97 327 108 Agriculture, forestry, and fishing Farms Agricultural services, forestry, and fishing Mining Metal mining Coalmining Oil and gas extraction Nonmetallic minerals, except fuels Construction . ... Durable goods Lumber and wood products Furniture and fixtures Stone, clay, and glass products Primary metal industries Fabricated metal products Industrial machinery and equipment Electronic and other electric equipment Motor vehicles and equipment Other transportation equipment Instruments and related products Miscellaneous manufacturing industries Nondurable goods Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics oroducts Transportation and public utilities Transportation Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation Transportation by air Pipelines except natural gas 5,197 5,383 5,669 6,406 8,654 6,954 18,428 10,507 776 505 535 697 1,396 2,000 1,582 900 852 860 404 7,921 1,683 43 681 982 693 1,566 1,056 147 18,592 10,722 790 512 542 708 1,443 2,069 1,626 969 817 841 405 7,870 1,688 42 664 946 692 1,570 1,039 143 18,574 10,834 801 506 547 709 1,452 2,115 1,658 967 820 855 404 7,740 1,697 42 629 874 662 1,565 1,032 139 18,445 10,584 835 515 544 693 1,390 1,996 1,573 895 850 853 440 7,861 1,654 43 676 998 686 1,551 1,039 145 18,613 10,802 857 525 550 701 1,441 2,083 1,616 952 816 834 427 7,811 661 952 686 1,560 1,032 142 18,577 10,911 858 521 558 707 1,446 2,100 1,653 960 819 850 439 7,666 1,664 42 631 881 677 1,536 1,024 138 954 116 978 108 981 99 951 118 967 110 971 102 6,060 3,834 233 407 1,843 179 750 17 6,175 3,962 232 420 1,916 178 778 15 6,292 4,063 224 440 1,658 177 1,119 14 6,045 3,922 220 437 1,977 175 704 17 6,176 4,048 220 431 2,054 178 731 15 6,318 4,182 212 444 1,854 174 1,050 14 "5 1. Equals the number of full-time equivalent employees (table 6.5) plus the number of self-employed persons (table 6.7). Unpaid family workers are not included. 2. Consists of museums, botanical, zoological gardens; engineering and management services; and services, not elsewhere classified. 1994 1996 121,695 Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services 405 1,293 916 377 933 Wholesale trade 1995 423 1,307 915 392 906 1996 431 1,347 936 411 882 Persons engaged in production * 1994 392 1,192 844 348 931 1995 419 1,219 851 368 909 1996 434 ,1,258 873 385 878 6,235 Social services Membership organizations Other services* Private households Government Federal General government Civilian 3 Military Government enterprises State and local General government Education Ofter Government enterprises 4 Rest of the world » 6,559 6,589 18,897 19,476 19,866 6,926 2,023 463 554 1,497 732 1,410 247 7,051 2,018 513 582 1,503 746 1,441 248 7,251 1,973 485 592 1,468 853 1,635 245 7,216 1,937 466 622 1,449 856 1,648 238 7,315 1,923 506 648 1,447 873 1,680 238 35,186 1,754 1,300 6,935 1,132 374 506 1,519 9,568 1,056 2,075 36,544 1,791 1,317 7,484 1,205 389 553 1,593 9,809 1,063 2,141 33,627 1,549 1,725 6,538 1,338 568 498 1,264 8,677 1,184 1,860 35,048 1,587 1,776 7,109 1,362 591 543 1,327 8,903 1,173 1,915 36,442 1,625 1,805 7,664 1,480 573 583 1,420 9,168 1,147 1,986 4,478 2,328 2,150 2,877 1,284 Services Hotels and other lodaina olaces Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures Amusement and recreation services Health services Legal services Educational services Social services and membership 6,324 22,256 33684 1,712 1,276 6,352 1,075 350 458 1,421 9,318 1,059 2,024 Security and commodity brokers Insurance carriers Insurance agents, brokers, and service Real estate Holding and other investment offices 6,558 21,867 7,021 2,068 488 543 1,522 723 1,422 255 Finance, Insurance, and real estate Depository institutions : 6,475 21,159 Retail trade 4,637 2,454 2,183 3,049 1,281 4,760 2,534 2,226 3,193 1,246 4,351 2,563 1,788 3,254 821 4,504 2,689 1,815 3,439 819 4,623 2,772 1,851 3,572 796 21,932 5,720 4,748 2,100 2,648 972 16,212 15,295 8,220 7,075 917 21,976 5,560 4,573 2,026 2,547 987 16,416 15,485 7i096 931 21,947 5,357 4,366 1,952 2,414 991 16,590 15,655 8,542 7,113 935 18,292 4,661 3,867 2,052 1,815 794 13,631 12,754 6,635 6,119 877 18,327 4,530 3,725 1,984 1,741 805 13,797 12,910 6,770 6,140 887 18,204 4,368 3,562 1,912 1,650 806 13,836 12,945 6,791 6,154 891 -563 -569 -551 -482 -488 -485 3. Includes Coast Guard. 4. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. NOTE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). September 1997 National Data • SURVEY OF CURRENT BUSINESS D-33 Table B.9.—Wage and Salary Accruals Per Full-Time Equivalent Employee and Full-Time Equivalent Employees by Industry Dollars Thousands Dollars Thousands Wages and salaries per full-time equivalent Full-time equivalent employees Wages and salaries per full-time equivalent Full-time equivalent employees 1996 1994 1995 1996 30,131 31,032 32,121 107,996 110,935 113,125 Domestic Industries 30,020 30,919 32,006 108,478 111,423 113,610 Private Industries 29,432 30,314 31,378 90,186 93,096 95,406 17,833 18,870 18,709 18,984 1,674 18,372 18,331 17,888 18,662 TOO 720 954 1,741 744 997 1,827 757 1,070 44,482 44,633 45,391 47,006 35,216 46,683 48,423 47,417 49,613 36,314 48,329 50,130 48,856 51,556 37,340 593 49 110 332 102 575 52 103 315 105 572 54 97 315 106 Construction 30,191 30,453 31,649 4,883 5,178 5,442 Manufacturina 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 34725 36,724 24,400 24,312 32,299 38,788 32,455 39,063 37,277 47,516 43,674 42,506 27,317 32,032 29,157 47,953 23,642 18,169 38,292 33,259 48,932 53,766 35852 37J51 25,131 25,068 33,345 40,100 32,954 40,093 39,005 47,248 44,712 44,810 28,192 33,226 30,163 52,738 24,002 18,828 39,558 34,543 51,200 55,190 37165 39,030 26,162 26,085 34,799 41,003 34,072 41,761 40,279 48,410 45,683 46,451 28,902 34,516 30,681 54,000 24,950 19,877 40,935 35,791 53,344 56,457 18013 10,337 758 493 528 692 1,371 1,964 1,564 892 844 846 385 7,676 1,633 43 670 960 685 1,449 1,037 145 18,179 10,550 772 502 531 698 1,420 2,050 1,607 950 809 826 385 7,629 1,642 42 654 920 684 1,450 1,027 142 18,164 10,660 782 497 533 704 1,425 2,072 1,643 958 814 843 389 7,504 1,654 42 623 846 676 1,445 1,020 138 29,253 21,531 29,921 22,349 30,884 23,547 941 113 962 106 965 95 37,401 31882 51,132 19,655 28,924 37,353 38953 54,647 38,369 32 279 51,232 20,133 29366 37,862 39088 57[933 39,278 32994 53,877 20,848 30348 38,729 36644 59,214 3*564 220 371 1 720 167 698 17 5,780 3690 220 384 1791 167 725 15 5,883 3783 212 402 1,550 166 1 043 14 Total1 Agriculture, forestry, and fishing Agricultural services, forestry, and fishing Metal min^ Oil and gas extraction Nonmetallic minerals, except fuels * Food and kindred products Tobacco products Textile mill products Apparel and other textile products Paper and allied products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber and miscellaneous plastics products Leather and leather products Transportation and public utilities Transportation . Railroad transportation Local and interurban passenger transit Trucking and warehousing Water transportation Transportation by air Pipelines, except natural gas 1994 1995 1. Full-time equivalent employees equals the number of employees on full-time schedules plus the number of employees on part-time schedules converted to a full-time basis. The number of full-time equivalent employees in each industry is the product of the total number of employees and the ratio of average weekly hours per employee for all employees to average weekly hours per employee on full-time schedules. 2. Consists of museums, botanical, zoological gardens; engineering and management services; and services, not 1994 1995 1995 1996 29593 46,802 50736 37,218 46,725 30884 49316 52945 40832 48,857 31 551 50,716 54287 42,561 50,433 Wholesale trade 36,504 37,817 39,256 5,971 6,200 6,278 Retail trade. 18,130 18300 18,821 17,307 18,029 18,383 Finance, Insurance, and real estate Depository institutions . Nondepository institutions Security and commodity brokers Insurance carriers Insurance agents, brokers, and services Real estate Holding and other investment offices 39,282 31,921 38,647 89,937 39,610 36,447 27,456 58,767 41,698 44,629 33,935 35,926 41,070 43,224 97,499 108,760 41,494 43,593 37,854 39,648 28,308 29,780 63,971 67,933 6,620 1,972 468 521 1,468 687 1,259 245 6,550 1,935 446 533 1,449 697 1,252 238 6,635 1,921 491 558 1,447 707 1,273 238 Services Hotels and other lodging places Personal services Business services Auto repair, services, and parking Miscellaneous repair services Motion pictures ... Amusement and recreation services Health services ... Legal services Educational services Social services and membership organizations ... Social services Membership organizations Other services2 .. Private households 27,886 19,585 17,337 24,554 21,943 27,216 34,434 22,904 32,780 51,497 23,637 28,987 20,117 17,915 25,942 22,454 28,134 36,639 23,680 34,098 53,107 24,263 29,935 20,733 18,518 27,713 23,074 29,204 37,706 24,509 34,624 54,984 24,895 29,461 1,479 1,118 5,795 1,005 320 355 1,143 8,288 940 1,747 30,864 1,519 1,139 6,372 1,061 343 393 1,231 8,492 937 1,801 32,222 1,559 1,162 6,875 1,136 358 432 1,296 8,774 944 1,868 19,266 17,381 21,395 43,984 13,143 19,834 17,931 22,074 45,754 14,118 20,346 18,396 22,681 47,146 14,079 3,808 2,020 1,788 2,642 821 3,950 2,135 1,815 2,807 819 4,067 2,216 1,851 2,955 796 Government Federal General government Civilian 3 Military Government enterprises State and local .... General government Education .... Other Government enterprises 32,921 37,205 36,138 41,357 30,237 42,404 31,456 31,323 31,269 31,380 33,396 33,992 38,641 37,774 42,611 32,262 42,655 32,466 32,330 32,195 32,479 34,446 35,300 40,574 39,876 44,739 34,241 43,660 33,634 33,514 33,611 33,408 35,377 18,292 4,661 3,867 2,052 1,815 794 13,631 12,754 6,635 6,119 877 18,327 4,530 3,725 1,984 1,741 805 13,797 12,910 6,770 6,140 887 18,204 4,368 3,562 1,912 1,650 806 13,836 12,945 6,791 6,154 891 -482 -488 -485 1994 Transportation services Communications Telephone and telegraph Radio and television Electric, gas, and sanitary services Rest of the world4 371 1,182 838 344 918 388 1,195 837 358 895 1996 396 1,228 854 374 872 elsewhere classified, 3. Includes Coast Guard, 4. Beginning with 1993, includes estimates of foreign professional workers and undocumented Mexican migratory workers employed temporarily in the United States. NoiE.-Estimates in this table are based on the 1987 Standard Industrial Classification (SIC). D-34 • National Data SURVEY OF CURRENT BUSINESS Table B.10.—Farm Sector Output, Gross Product, and National Income Billions of dollars 1994 Farm output ..................................... Gash receipts from farm marketings Crops Livestock Farm housing Farm products consumed on farms Other farm income Change in farm inventories Crops Livestock Less: Intermediate goods and services purchased Intermediate goods and services, other than rent Rent paid to nonoperator landlords Equals'. Gross farm product Less: Consumption of fixed capital 1 Equals . Net farm product Less: Indirect business tax and nontax liability ..... Plus: Subsidies to operators Equals: Farm national income Compensation of employees Wage and salary accruals Supplements to wages and salaries Proprietors' income and corporate profits with IVA and CCAdj Proprietors' income Corporate profits Net interest . 202.9 1995 197.9 219.9 1994 199.4 1996 192.0 193.1 1994 92.8 88.1 5.8 .5 4.9 10.8 9.7 1.1 193.9 106.9 204.2 111.4 87.0 92.9 5.9 .5 5.6 -7.9 -8.2 .2 6.1 .4 6.3 2.9 4.1 -1.3 178.2 188.5 179.0 88.4 89.9 96.9 91.3 5.2 .5 4.8 11.7 9.2 1.2 5.2 .5 5.2 -9.2 -7.7 .3 5.1 .4 5.3 2.6 3.0 -1.5 119.4 124.4 130.6 114.7 117.6 117.3 105.3 110.0 113.7 100.7 103.4 101.2 14.1 14.3 16.8 14.0 14.2 16.2 83.5 73.5 89.4 85.0 74.2 75.5 23.7 24.7 25.6 22.4 22.8 23.2 59.8 48.8 63.8 62.9 51.3 52.2 4.8 6.6 61.5 14.6 12.3 2.2 37.8 36.9 .9 9.1 5.1 6.1 49.7 15.7 13.3 2.4 24.7 23.4 1.2 9.4 Housing output 88.9 90.5 5.1 6.1 64.9 16.5 14.2 Nonfarm housing Owner-occupied Tenant-occupied Farm housing ^ Less: Intermediate goods and services consumed 1995 1996 1994 1995 1996 686.7 1 180.9 Billions of chained (1992) dollars Billions of dollars 1995 722.7 758.1 649.9 663.4 675.2 680.9 507.0 174.0 5.8 716.8 532.2 184.6 5.9 752.0 558.3 193.6 6.1 644.8 479.6 165.2 5.2 658.3 487.2 171.1 5.2 670.2 495.3 174.9 5.1 87.6 88.5 94.1 83.1 82.1 85.3 Equals: Gross housing product Nonfarm housing Owner-occupied Tenant-occupied Farm housing 599.1 594.4 439.5 155.0 4.7 Less: Consumption of fixed capital Capital consumption allowances Less: CCAdj 60.9 59.6 62.8 -59.6 -55.1 -55.4 Equals: Net housing product 478.6 519.4 545.8 Less: Indirect business tax and nontax liability plus business transfer payments ... 112.9 116.2 119.5 Plus; Subsidies less current surplus of government enterprises Equals: Housing national income Compensation of employees Proprietors' income with IVA and CCAdj ... Rental income of persons with CCAdj Corporate profits with IVA and CCAdj Net interest 2.3 38.6 37.2 1.4 9.8 NOTE.-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. CCAdj Capital consumption adjustment IVA Inventory valuation adjustment Table B. 11,—Housing Sector Output, Gross Product, and National Income Billions of chained (1992) dollars 1996 September 120.5 634.2 629.2 462.8 166.4 5.0 114.8 664.0 658.8 484.0 174.9 5.1 566.8 562.7 415.6 147.1 4.2 581.3 577.0 423.1 153.9 4.3 589.9 585.7 428.3 157.5 4.2 118.2 112.2 103.6 104.6 454.5 477.8 485.5 20.6 20.8 22.6 386.4 424.0 448.9 7.7 17.6 96.7 4.2 260.2 8.1 8.5 25.2 27.1 104.3 5.1 281.3 115.8 5.6 292.0 1. Equals personal consumption expenditures for housing less expenditures for other housing as shown in table B.4. NoiE-Chained (1992) dollar series are calculated as the product of the chain-type quantity index and the 1992 current-dollar value of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. CCAdj Capital consumption adjustment IVA Inventory valuation adjustment National Data • SURVEY OF CURRENT BUSINESS September 1997 D-35 C. Historical Tables. Table C.i is derived from the "Summary National Income and Product Series" tables that were published in the August 1997 issue of the SURVEY OF CURRENT BUSINESS; tables C.2-C.7 are derived from NIPA tables published in the August 1997 issue. (Changes in prices are calculated from indexes expressed to three decimal places.) Table C.1.—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases Billions of chained (1992) dollars Year and quarter Gross domestic product Final sales of domestic product Percent change from preceding period Chain-type price indexes Implicit price deflators Percent change from preceding period Chain-type price index Gross national Gross domestic product product Final sales of domestic product Gross domestic product 6.5 2.6 22.95 1959 2,210.2 2,206.9 2,222.0 7.4 1960 1961 1962 1963 1964 2,262.9 2,314.3 2,454.8 2,559.4 2,708.4 2,264.2 2,318.0 2,445.4 2,552.4 2,705.1 2,276.0 2,329.1 2,471.5 2,577.3 2,727.8 2.4 2.3 6.1 4.3 5.8 1965 1966 1967 1968 1969 2,881.1 3,069.2 3,147.2 3,293.9 3,393.6 2,860.4 3,033.5 3,125.1 3,278.0 3,377.2 2,901.4 3,087.8 3,166.4 3,314.5 3,413.3 1970 1971 1972 1973 1974 3,397.6 3,510.0 3,702.3 3,916.3 3,891.2 3,406.5 3,499.8 3,689.5 3,883.9 3,873.4 1975 1976 1977 1978 1979 3,873.9 4,082.9 4,273.6 4,503.0 4,630.6 1980 1981 1982 Gross domestic Gross domestic purchases product 22.44 22.75 Gross national product Gross domestic product 22.95 22.96 1.0 23.00 23.28 23.58 23.94 23.27 23.54 23.84 24.12 24.48 23.28 23.55 23.85 24.13 24.49 1.4 1.2 1.3 1.2 1.5 Implicit price deflators Gross domestic purchases 1.0 1.4 1.1 1.2 1.3 1.6 1.9 2.8 3.0 Gross domestic Gross national product product 1.0 1.0 1.4 1.2 1.3 1.2 1.5 1.4 1.2 1.3 1.2 1.5 2.0 2.8 3.2 4.4 4.7 2.0 2.8 3.2 4.4 4.7 5.3 5.2 4.2 5.6 9.0 5.3 5.2 4.2 5.6 8.9 9.4 5.8 6.5 7.3 8.5 9.4 5.9 6.5 7.3 8.5 9.2 5.9 3.8 3.5 9.2 9.4 6.3 4.3 3.8 9.2 9.4 6.3 4.3 3.8 2.4 5.5 4.4 6.0 23.27 23.54 23.84 24.12 24.48 6.4 6.5 2.5 4.7 3.0 5.7 6.1 3.0 4.9 3.0 24.95 25.66 26.48 27.64 28.94 24.39 25.07 25.83 26.95 28.21 24.96 25.67 26.49 27.64 28.94 24.97 25.68 26.50 27.66 28.96 1.9 2.8 3.2 4.4 4.7 3,417.1 3,532.1 3,726.3 3,950.1 3,930.2 .1 3.3 5.5 5.8 -.6 .9 2.7 5.4 5.3 -.3 30.48 32.05 33.42 35.30 38.46 29.73 31.32 32.71 34.64 38.17 30.48 32.06 33.42 35.30 38.47 30.50 32.08 33.44 35.32 38.49 5.3 5.2 4.2 5.6 8.9 3,906.4 4,061.7 4,240.8 4,464.4 4,614.4 3,903.3 4,118.8 4,314.5 4,543.7 4,687.4 -.4 5.4 4.7 5.4 2.8 .9 4.0 4.4 5.3 3.4 42.09 44.55 47.42 50.88 5552 41.72 44.15 47.18 50.65 55.22 42.09 44.55 47.43 50.89 55.23 42.11 44.58 47.46 50.92 55.26 9.4 5.8 6.5 7.3 8.5 4,615.0 4,720.7 4,620.3 4,803.7 5,140.1 4,641.9 4,691.6 4,651.2 4,821.2 5,061.6 4,670.8 4,769.9 4,662.0 4,844.8 5,178.0 -.3 2.3 4.0 7.0 .6 1.1 -.9 3.7 5.0 60.34 66.01 70.18 73.16 75.92 61.10 66.72 70.64 73.31 75.90 60.33 66.01 70.17 73.16 75.92 60.36 66.05 70.21 73.20 75.97 9.3 9.4 6.3 4.3 3.8 1988 1989 5,323.5 5,487.7 5,649.5 5,865.2 6,062.0 5,296.9 5,480.9 5,626.0 5,855.1 6,028.7 5,346.7 5,501.2 5,658.2 5,878.5 6,075.7 3.6 3.1 2.9 3.8 3.4 4.6 3.5 2.6 4.1 3.0 78.53 80.58 83.06 86.10 89.72 78.34 80.40 83.11 86.13 89.78 78.53 80.58 83.06 86.09 89.72 78.57 80.62 83.09 86.12 89.75 3.4 2.6 3.1 3.7 4.2 3.2 2.6 3.4 3.6 4.2 3.4 2.6 3.1 3.7 4.2 3.4 2.6 3.1 3.7 4.2 1990 1991 1992 1993 1994 6,136.3 6,079.4 6,244.4 6,389.6 6,610.7 6,126.7 6,082.6 6,237.4 6,368.9 6,551.2 6,157.0 6,094.9 6,255.5 6,408.0 6,619.1 1.2 -.9 2.7 2.3 3.5 1.6 -.7 2.5 2.1 2.9 93.64 97.32 100.00 102.64 105.09 93.83 97.30 100.00 102.48 104.85 93.60 97.32 100.00 102.64 105.09 93.63 97.33 100.00 102.63 105.08 4.4 3.9 2.8 2.6 2.4 4.5 3.7 2.8 2.5 2.3 4.3 4.0 2.8 2.6 2.4 4.3 4.0 2.7 2.6 2.4 1995 1996 6,742.1 6,928.4 6,712.7 6,901.0 6,748.7 6,932.0 2.0 2.8 2.5 2.8 107.76 110.22 107.52 109.86 107.76 110.21 107.73 110.18 2.5 2.3 2.5 2.2 2.5 2.3 2.5 2.3 2,165.0 2,223.3 2,221.4 2,231.0 2,165.5 2,204.2 2,232.6 2,225.3 2,176.2 2,234.5 2,233.5 2,243.9 8.6 9.2 7.3 5.3 22.86 22.92 22.96 23.05 22.35 22.41 22.45 22.53 22.92 22.91 22.94 23.03 22.93 22.91 22.95 23.04 .8 1.1 .7 1.5 1.1 1.1 .7 1.5 .8 -.3 .6 1.6 .8 -.3 .6 1.6 2,279.2 2,265.5 2,268.3 2,238.6 2,248.5 2,268.4 2,265.1 2,274.7 2,291.6 2,278.2 2,281.6 2,252.7 23.10 1961- 1 II Ill IV 2,251.7 2,292.0 2,332.6 2,381.0 2,277.7 2,301.1 2,320.4 2,372.8 2,266.8 2,306.3 2,347.1 2,395.9 1962:1 II Ill IV 2,422.6 2,448.0 2,471.9 2,476.7 2,400.3 2,440.7 2,462.0 2,478.7 1963: 1 II HI IV 2,508.7 2,538.1 2,586.3 2,604.6 II III IV 1983 1984 1985 1986 1987 1959 I II III IV -2.1 11.2 -.3 1.7 8.9 -1.3 4.3 4.7 5.4 5.3 4.5 5.9 10.2 9.3 5.8 6.9 7.4 9.0 10.7 4.2 3.6 -.6 1.7 2351 23.32 23.44 22.57 22.69 22.80 22.92 23.13 23.22 23.32 23.40 23.14 23.23 23.33 23.41 .9 2.0 2.0 2.1 .8 2.1 2.0 2.1 1.8 1.5 1.7 1.4 1.9 1.5 1.7 1.4 2.4 7.4 7.3 8.6 .5 4.2 3.4 9.3 23.48 23.51 23.55 23.61 22.96 22.97 23.01 23.06 23.45 23.51 23.56 23.63 23.46 23.52 23.57 23.64 .7 .5 .7 1.1 .6 .2 .7 .9 .9 1.0 .8 1.2 .9 1.0 .8 1.2 2,437.4 2,464.4 2,488.4 2,495.9 7.2 4.3 4.0 .8 4.7 6.9 3.5 2.7 23.73 23.80 23.86 23.96 23.17 23.24 23.31 23.41 23.75 23.81 23.87 23.94 23.76 23.81 23.87 23.95 2.0 1.1 1.1 1.7 1.9 1.4 1.1 1.8 2.0 1.0 1.0 1.2 2.0 1.0 1.0 1.2 2,492.4 2,533.8 2,578.0 2,605.3 2,526.9 2,555.5 2,604.0 2,622.9 5.3 4.8 7.8 2.9 2.2 6.8 7.2 4.3 24.03 24.07 24.11 24.26 23.48 23.53 23.58 23.72 24.00 24.07 24.12 24.29 24.01 24.08 24.13 24.30 1.2 .6 .7 2.4 1.3 .8 .9 2.5 1.1 1.1 .8 3.0 1.1 1.1 .8 3.0 2,666.7 2,697.5 2,729.6 2,739.7 2,663.1 2,695.0 2,727.6 2,734.5 2,686.8 2,716.8 2,749.5 2,758.1 9.9 4.7 4.8 1.5 9.2 4.9 4.9 1.0 24.33 24.41 24.53 24.64 23.80 23.89 23.99 24.09 24.35 24.41 24.52 24.64 24.36 24.42 24.53 24.65 1.2 1.3 1.9 1.8 1.3 1.5 1.8 1.6 .9 .9 1.8 2.1 .9 .9 1.8 2.1 1965: 1 II Ill IV 2,808.9 2,846.3 2,898.8 2,970.5 2,777.2 2,826.7 2,879.8 2,957.8 2,830.0 2,868.2 2,918.9 2,988.6 10.5 6.4 7.3 7.7 24.76 24.88 25.01 25.16 24.19 24.31 24.44 24.61 24.77 24.88 25.01 25.17 24.78 24.89 25.02 25.18 2.0 2.0 2.1 2.5 1.6 2.0 2.2 2.8 2.0 1.9 2.1 2.6 2.0 1.9 2.1 2.6 1966: 1 II HI IV 3,042.4 3,055.5 3,076.5 3,102.4 3,008.8 3,023.1 3,047.2 3,054.8 3,061.1 3,074.2 3,094.7 3,121.4 10.0 1967: 1 || 3,127.2 3,129.5 3,154.2 3,178.0 3,085.6 3,119.0 3,134.2 3,161.5 3,145.9 3,147.7 3,174.4 3,197.5 1960: 1 || HI iv "'."!""" 1964: 1 Hi IV . -2.4 .5 -5.1 5.4 7.6 10.3 11.3 1.7 2.8 3.4 7.1 1.9 3.2 1.0 25.30 25.50 25.82 26.03 24.73 24.93 25.22 25.41 25.32 25.53 25.79 26.02 25.34 25.54 25.81 26.03 2.2 3.2 5.1 3.4 1.9 3.2 4.8 3.1 2.5 3.2 4.2 3.5 2.5 3.3 4.2 3.5 3.2 .3 3.2 3.1 4.1 4.4 2.0 3.5 26.16 26.32 26.57 26.87 25.52 25.67 25.92 26.21 26.14 26.31 26.60 26.90 26.15 26.32 26.61 26.91 2.0 2.5 3.9 4.6 1.6 2.5 3.9 4.5 1.9 2.5 4.5 4.6 2.0 2.5 4.5 4.6 D-36 • National Data September 1997 SURVEY OF CURRENT BUSINESS Table C.I—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued Billions of chained (1992) dollars Year and quarter Percent change from preceding period Chain-type price indexes Percent change from preceding period Implicit price deflators Chain-type price index Implicit price deflators Gross domestic Gross domestic product purchases Gross domestic Gross national product product Gross domestic product Final sales of domestic product 1968: 1 II ... ...... Ill ..... .. ... IV 3,236.2 3,292.1 3,316.1 3,331.2 3,225.3 3,258.0 3,303.9 3,325.1 3,256.2 3,312.5 3,337.3 3,3522 7.5 7.1 3.0 1.8 8.3 4.1 5.8 2.6 27.19 27.50 27.75 28.12 26.52 26.80 27.06 27.43 27.21 27.49 27.75 28.12 27.22 27.50 27.76 28.13 4.8 4.5 3.7 5.5 4.9 42 4.0 5.5 4.7 4.1 3.8 5.5 4.8 4.1 3.8 5.5 1969: 1 || Ill IV 3,381.9 3,390.2 3,409.7 3,392.6 3,357.5 3,373.0 3,389.6 3,388.9 3,402.8 3,410.3 3,428.5 3,411.4 6.2 1.0 2.3 4.0 1.9 2.0 -.1 28.38 28.74 29.14 29.51 27.66 28.02 28.40 28.77 28.39 28.73 29.14 29.51 28.40 28.75 29.16 29.52 3.7 52 5.7 52 3.5 5.3 5.6 52 3.8 5.0 5.8 5.1 3.9 5.0 5.8 5.1 1970: 1 II Ill IV 3,386.5 3,391.6 3,423.0 3,389.4 3,397.6 3,391.9 3,421.9 3,414.8 3,406.0 3,411.9 3,442.9 3,407.4 1.0 -.7 3.6 -.8 29.92 30.36 30.60 31.02 29.18 29.59 29.87 30.29 29.94 30.36 30.61 31.02 29.95 30.37 30.63 31,03 5.7 6.0 32 5.6 5.9 5.8 3.8 5.7 6.0 5.7 3.4 5.4 6.0 5.7 3.4 5.4 1971: 1 II 3,458.9 3,4812 3,509.4 3,549.5 3,503.3 3,524.3 3,544.7 3,556.0 11.3 in'!""!!!!!" 3,481.4 3,500.9 3,523.8 3,533.8 2.3 2.6 1.1 5.3 2.6 3.3 4.7 31.50 31.93 3225 32.53 30.75 31.18 31.52 31.81 31.50 31.93 3227 32.54 31.52 31.94 3229 32.55 6.3 5.7 4.1 3.5 6.4 5.5 4.4 3.3 6.4 5.5 4.4 3.3 1972: ! II Ill IV ........... 3,604.7 3,687.9 3,726.2 3,790.4 3,608.0 3,665.7 3,700.0 3,784.3 3,627.9 3,710.7 3,751.2 3,815.3 8.3 9.6 42 7.1 6.8 6.5 3.8 9.4 33.01 33.23 33.50 33.93 3228 32.53 32.82 33.23 33.02 3320 33.49 33.95 33.03 33.22 33.51 33.97 6.0 2.6 3.3 52 62 5.7 4.5 3.7 6.0 3.1 3.6 5.1 6.0 2.2 3.5 5.6 6.1 2.2 3.5 5.6 1973: 1 II HI IV 3,892.2 3,919.0 3,907.1 3,947.1 3,867.0 3,884.5 3,890.9 3,893.1 3,921.5 3,950.4 3,944.1 3,984.4 11.2 9.0 1.8 .7 2 34.38 34.96 35.63 3624 33.69 34.33 34.95 35.60 34.36 34.94 35.61 36.29 34.38 34.96 35.63 36.31 5.5 6.9 7.8 7.0 5.6 7.8 7.5 7.6 5.0 6.9 7.9 7.8 5.0 6.9 7.9 7.8 1974: 1 3,908.1 3,922.6 3,880.0 3,854.1 3,889.1 3,899.7 3,882.5 3,822.2 3,952.4 3,964.3 3,917.6 3,886.1 -3.9 1.5 -.4 1.1 -1.8 -6.1 36.98 37.79 38.93 40.14 36.55 37.59 38.71 39.84 37.01 37.79 38.96 40.13 37.03 37.81 38.98 40,15 8.4 9.0 -4.3 -2.6 12.7 13,0 11.1 11.9 12.5 1975: 1 . || HI IV 3,800.9 3,835.2 3,907.0 3,952.5 3,848.3 3,887.9 3,922.7 3,966.7 3,827.3 3,861.8 3,936.1 3,987.9 -5.4 3.7 7.7 4.7 2.8 42 3.6 4.6 41.04 41.67 42.44 4321 40.69 41.34 42.05 42.79 41.05 41.66 42.41 43.19 41.07 41.68 42.44 43.22 9.2 6.3 7.6 7.4 1976: 1 || Ill IV 4,044.6 4,072.2 4,088.5 4,126.4 4,027.0 4,039.1 4,061.7 4,119.0 4,078.8 4,107.9 4,124.8 4,163.7 9.7 2.8 1.6 3.8 6.2 1.2 2.3 5.8 43.68 44.17 44.78 45.56 4326 43.76 44.42 45.16 43.69 44.15 44.77 45.57 43.72 44.18 44.80 45.60 1977: | || „ Ill IV 4,176.3 4,260.1 4,329.5 4,328.3 4,161.4 4,228.4 4,270.0 4,303.3 4,219.4 4,3022 4,371.2 4,365.0 4.9 8.3 6.7 -.1 4.2 6.6 4.0 3.2 46.31 47.08 47.74 48.55 45.99 46.81 47.55 48.36 46.32 47.07 47.66 48.63 46.34 47.10 47.69 48.66 1978: 1 II HI IV 4,345.5 4,510.7 4,552.1 4,603.7 4,306.0 4,474.6 4,511.6 4,565.4 4,388.6 4,546.1 4,591.1 4,649.0 1979: | II IV 4,605.7 4,615.6 4,644.9 4,656.2 4,579.0 4,577.0 4,6392 4,662.5 4,652.6 4,668.7 4,708.8 4,719.5 1980: 1 II Ill IV 4,679.0 4,566.6 4,562.3 4,651.9 4,675.3 4,579.0 4,637.1 4,676.1 4,743.0 4,625.6 4,617.8 4,696.6 1981: 1 4,739.2 4,696.8 4,753.0 4,693.8 4,692.9 4,699.0 4,702.5 4,672.0 4,787.7 4,742.6 4,801.4 4,747.9 III IV 4,615.9 4,634.9 4,612.1 4,618.3 4,655.4 4,6512 4,616.9 4,681.3 1983: 1 || Ill IV 4,663.0 4,763.6 4,849.0 4,939.2 1984: 1 || Ill IV 1985: 1 IV II III IV Ill Gross national Final sales of Gross domestic product domestic product product -2.0 -.7 .6 3.7 -3.9 2.8 -1.2 42 Gross domestic Gross domestic Gross domestic Gross national product purchases product product 82 8.7 8.2 8.7 122 12.9 12.6 12.9 12.5 8.8 6.5 7.0 7.2 9.5 6.1 7.4 7.6 9.5 6.1 7.4 7.6 4.4 4.6 5.7 72 4.5 4.7 6.1 6.9 4.7 42 5.7 7.3 4.7 42 5.7 7.3 6.7 6.8 5.7 7.0 7.1 8.6 7.3 8.4 7.6 7.3 6.4 7.1 6.8 6.6 5.1 8.4 6.7 6.7 5.1 8.4 7.0 8.6 7.3 7.9 6.7 8.2 7.0 8.7 6.7 8.2 7.1 8.7 9.0 9.1 8.8 8.9 8.1 92 9.7 9.1 8.8 8.9 8.1 1.6 .3 16.1 16.6 3.7 4.6 3.4 4.9 49.39 50.43 51.32 52.37 49.19 50.22 51.11 52.08 49.42 50.41 51.27 52.35 49.45 50.44 51.30 52.39 2 .9 2.6 1.0 2.0 1.2 -2 5.5 2.0 53.46 54.70 55.82 56.92 5321 54.52 55.89 57.25 53.51 54.65 55.82 56.92 53.54 54.68 55.85 56.95 1.1 -9.3 -8.0 -.4 8.1 7.7 52 3.4 5825 59.59 60.93 62.57 58.89 60.41 61.77 63.33 58.18 59.55 61.01 62.59 58.22 59.58 61.05 62.64 64.19 65.35 66.65 67.85 64.96 66.15 67.27 68.48 64.15 65.37 66.65 67.87 64.20 6§.42 66.69 67.91 10.7 69.42 70.17 71.10 71.85 68.86 69.72 70.66 71.44 8.6 9.6 8.5 8.1 9.7 9.6 9.3 112 10.2 10.4 10.2 12.0 10.7 9.3 92 9.7 102 10.5 10.2 10.8 10.8 10.7 10.3 10.4 7.4 82 7.4 7.5 7.0 7.3 7.8 8.0 7.5 7.8 8.0 7.5 68.91 69.77 70.70 71.47 6.0 5.1 5.7 4.5 5.6 4.4 5.4 4.3 6.0 5.1 5.5 4.4 6.0 5.1 5.5 4.4 4.9 1.4 .5 .3 -4.9 -2.6 4,658.5 4,682.9 4,651.1 4,655.6 -6.5 -1.4 .5 5.7 68.85 69.71 70.69 71.46 4,719.4 4,785.3 4,860.7 4,919.5 4,700.1 4,804.4 4,891.3 4,983.5 3.9 8.9 7.4 7.7 3.3 5.7 6.4 4.9 72.12 72.84 73.50 74.19 72.33 73.03 73.65 7424 72.08 72.83 73.48 74.19 72.12 72.87 73.52 7424 3.7 4.1 3.7 3.8 2.7 3.9 3.4 32 3.7 4.2 3.7 3.9 3.7 42 3.7 3.9 5,053.6 5,132.9 5,170.3 5,203.7 4,961.0 5,050.0 5,085.6 5,149.9 5,092.6 5,172.4 5,209.5 5,237.5 9.6 6.4 3.0 2.6 3.4 7.4 2.9 52 75.00 75.62 7625 76.82 75,04 75.65 76.19 76.71 75.02 75.58 7625 76.81 75.06 75.63 7629 76.85 4.4 3.3 3.4 3.0 4.4 3.3 2.9 2.7 4.5 3.1 3.5 3.0 4.5 3.1 3.6 2.9 IV 5,257.3 5,283.7 5,359.6 5,393.6 5,231.7 5,261.0 5,336.9 5,358.0 5,280.3 5,310.8 5,378.4 5,417.5 42 2.0 5.9 2.6 6.5 2.3 5.9 1.6 77.64 78.25 78.80 79.44 77.38 78.02 78.58 79.37 77.63 7825 78.76 79.45 77.67 78.29 78.80 79.49 4.3 32 2.8 3.3 3.6 3.3 2.9 4.1 4.4 3.3 2.6 3.5 4.3 32 2.6 3.5 1986: 1 || Ill IV 5,460.8 5,466.9 5,496.3 5,526.8 5,410.5 5,448.4 5,518.2 5,546.6 5,481.1 5,480.1 5,510.4 5,533.1 5.1 .4 22 22 4.0 2.8 52 2.1 79.81 80.26 80.81 81.44 79.77 79.97 80.60 8125 79.81 80.22 80.84 81.45 79.85 8026 80.88 81.49 1.9 2.2 2.8 32 2.0 1.0 32 3.3 1.8 2.1 3.1 3.1 1.8 2.1 3.1 3.0 1987: 1 II Ill IV 5,561.8 5,618.0 5,667.4 5,750.6 5,535.8 5,608.4 5,671.5 5,688.3 5,568.7 5,628.7 5,676.0 5,759.6 2.6 4.1 3.6 6.0 -.8 5.4 4.6 12 82.11 82.68 83.35 84.08 82.07 82.74 63.44 84.19 82.09 82.68 83.33 84.09 82.12 82.71 83.36 84.12 3.3 2.8 3.3 3.6 4.1 3.3 3.4 3.6 3.2 2.9 32 3.7 3.2 2.9 32 3.7 1988: 1 5,785.3 5,844.0 5,878.7 5,952.8 5,7742 5,840.1 5,8692 5,937.0 5,802.3 5,857.5 5,889.4 5,964.9 2.4 4.1 2.4 5.1 6.2 4.6 2.0 4.7 84.69 85.56 86.67 87.46 84.81 85.68 86.58 87.44 84.67 85.56 86.66 87.44 84.69 85.59 86.69 87.47 2.9 4.2 5.3 3.7 3.0 42 4.3 4.0 2.7 4.3 5.2 3.7 2.8 4.3 5.2 3.7 in".""!""." IV 1982: 1 II in"" " II HI IV -3.5 1.7 -.4 -2.0 -2.9 September 1997 National Data • D-37 SURVEY OF CURRENT BUSINESS Table C.t—Historical Measures of Real Gross Domestic Product, Real Gross National Product, and Real Gross Domestic Purchases—Continued [Quarterly data are seasonally adjusted at annual rates] Billions of chained (1992) dollars Year and quarter Percent change from preceding Chain-type price indexes Percent change from preceding period Implicit price deflators period Implicit price deflators Chain-type price index Final sales of Gross national Gross domestic domestic Gross domestic Final sales of Gross domestic Gross domestic Gross domestic Gross national Gross domestic Gross domestic Gross domestic Gross national product product product domestic purchases product product product product product product product product purchases 1989: 1 II Ill ....... .. IV 6,011.0 6,055.6 6,088.0 6,093.5 5,970.0 6,010.9 6,063.1 6,070.8 1990: 1 ............. II ,...„ HI IV „ 6,152.6 6,171.6 6,142.1 6,079.0 1991: 1 II HI IV 6,047.5 6,074.7 6,090.1 6,105,3 6,175.7 6,214.2 6,260.7 6,327.1 6,144.6 6,127.5 6,126.6 6,108.1 6,065.4 6,095.9 6,085.4 6,083.8 6,023.1 6,065.5 6,101.8 6,112.3 6,172.8 6,188.0 6,155.7 6,111.3 4.0 3.0 2.2 .4 2.2 2.8 3.5 .5 88.44 89.40 90.13 90.91 3.9 1.2 -1.9 -4.0 5.0 -1.1 -.1 -1.2 92.01 93.20 94.19 95.14 6,074.3 6,086.4 6,099.2 6,119.5 -2.1 1.8 1.0 1.0 -2.8 2.0 -.7 -.1 6,175.8 6,203.8 6,249.5 6,320.7 6,192.0 6,225.2 6 270.3 6,334.6 4.7 2.5 3.0 4.3 6.2 1.8 3.0 4.6 6,327.9 6,359.9 6,393.5 6,476.9 6,297.3 6,344.9 6,379.3 6,453.8 6,351.3 6,375.9 6,415.3 6,489.7 .1 2.0 2.1 5.3 6,524.5 6,600.3 6,629.5 6,688.6 6,473.0 6,526.7 6,580.4 6,624.8 6,540.5 6,609.3 6,635.6 6,691.2 1996: I II Ill IV 6,703.7 6,708.8 6,759.2 6,796.5 6,826.4 6,926.0 6,943.8 7,017.4 6,654.3 6,685.3 6,739.3 6,771.9 6,815.0 6,902.3 6,905.0 6,981.7 6,711.3 6,721.0 6,758.3 6,804.2 6,834.7 6,930.1 6,940.2 7,023.1 1997: 1 || 7,101.6 7,165.1 7,034.1 7,082.7 7,091.8 7,147.7 „ 1992: 1 || „. Ill IV 1993: | || „ Ill IV ........... 1994: 1 ............. || (II IV 1995: | || HI IV 88.45 89.39 90.13 90.88 96.26 97.02 97.70 98.30 88.47 89.52 90.14 90.98 92.17 93.14 94.32 95.68 96.42 96.95 97.58 98.27 -1.5 3.1 2.2 4.8 99.14 99.81 100.17 100.88 101.85 102.38 102.83 103.52 99.04 99.76 100.28 100.92 101.71 102.28 102.64 103.28 3.0 4.7 1.8 3.6 1.2 3.4 3.3 2.7 104.16 104.74 105.39 106.07 103.80 104.46 105.24 105.88 .9 .3 3.0 2.2 1.8 1.9 3.3 2.0 106.93 107.49 108.03 108.60 106.66 107.33 107.79 108.29 1.8 6.0 1.0 4.3 2.6 5.2 .2 4.5 4.9 3.6 3.0 2.8 109.35 109.86 110.59 111.10 111.78 112.20 109.01 109.50 110.15 110.79 111.32 111.54 88.48 89.42 90.16 90.91 92.04 93.21 94.17 95.13 4.5 4.4 3.3 3.5 4.8 4.8 2.8 3.8 4.7 4.3 3.3 3.4 4.7 4.3 3.3 3.4 4.9 5.2 4.3 4.1 5.4 4.2 5.2 5.9 5.0 5.2 4.2 4.2 5.1 5.2 4.2 4.2 96.29 97.01 97.71 98.32 4.8 3.2 2.8 2.5 3.1 2.2 2.6 2.9 5.0 3.1 2.9 2.5 4.9 3.1 2.9 2.5 99.13 99.79 100.17 100.88 101.84 102.35 102.83 103.51 99.13 99.79 100.17 100.88 101.84 102.34 102.83 103.50 3.4 2.8 1.4 2.8 3.2 2.9 2.1 2.6 3.4 2.7 1.5 2.9 3.4 2.7 1.5 2.9 3.9 2.1 1.8 2.7 3.2 2.3 1.4 2.5 3.9 2.0 1.9 2.7 3.8 2.0 1.9 2.6 104.13 104.71 105.39 106.09 106.94 107.46 108.02 108.61 104.14 104.71 105.38 106.06 2.5 2.2 2.5 2.6 2.0 2.6 3.0 2.5 2.4 2.2 2.6 2.7 2.5 2.2 2.6 2.6 106.91 107.43 107.99 108.59 109.37 109.82 110.50 111.01 111.67 112.10 3.3 2.1 2.0 2.1 3.3 2.0 2.1 2.2 3.2 2.0 2.1 2.2 2.8 1.9 2.7 1.9 3.0 2.5 1.7 1.9 2.7 1.8 2.4 2.4 2.9 1.6 2.5 1.8 2.4 1.5 1.9 .8 2.9 1.7 2.6 1.9 2.4 1.5 92.00 93.18 94.14 95.11 96.27 97.00 97.70 98.31 109.39 109.84 110.54 111.05 111.71 112.14 2.4 1.5 D-38 • National Data September 1997 SURVEY OF CURRENT BUSINESS Table C.2.—Real Gross Domestic Product [Average annual percent change, based on chained (1992) dollar estimates] Initial year Terminal year 1970 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 2.8 2.8 2.8 2.8 2.8 2.8 3.0 3.1 3.1 3.0 3.0 3.0 3.0 2.7 2.6 3.0 3.1 3.5 3.6 3.3 3.1 2.7 3.4 4.8 4.4 3.3 1971 2.8 2.8 2.8 2.8 2.8 2.8 3.0 3.1 3.1 3.0 3.0 3.0 3.0 2.6 2.5 3.0 3.1 3.5 3.6 3.3 3.1 2.5 3.5 5.6 5.5 1972 2.6 2.6 2.7 2.6 2.6 2.6 2.8 2.9 2.9 2.9 2.9 2.8 2.8 2.4 2.2 2.7 2.8 3.2 3.3 2.9 2.5 1.5 2.5 5.8 1973 2.5 2.5 2.5 2.5 2.5 2.5 2.7 2.8 2.7 2.7 2.6 2.6 2.5 2.1 1.9 2.4 2.4 2.8 2.8 2.2 1.4 -.5 -.6 1974 2.7 2.7 2.7 2.6 2.7 2.7 2.9 3.0 3.0 2.9 2.9 2.9 2.8 2.4 2.2 2.8 2.9 3.5 3.7 3.2 2.4 -.4 1975 2.8 2.8 2.9 2.8 2.8 2.9 3.1 3.3 3.2 3.2 3.2 3.2 3.2 2.7 2.5 3.3 3.6 4.6 5.1 5.0 5.4 1976 1977 2.7 2.7 2.7 2.7 2.7 2.7 3.0 3.1 3.1 3.0 3.0 3.0 2.9 2.3 2.1 2.9 3.1 4.3 5.0 4.7 1978 2.4 2.4 2.4 2.4 2.4 2.3 2.6 2.7 2.7 2.6 2.5 2.4 2.2 1.3 .6 1.6 1.2 2.8 2.6 2.6 2.6 2.5 2.6 2.5 2.8 3.0 2.9 2.8 2.8 2.8 2.7 2.0 1.6 2.5 2.6 4.1 5.4 1979 1980 2.4 2.4 2.4 2.3 2.3 2.3 2.6 2.7 2.7 2.5 2.5 2.4 2.1 .9 -.1 1.0 -.3 2.6 2.6 2.6 2.5 2.6 2.5 2.9 3.1 3.0 2.9 2.9 2.9 2.7 1.3 .1 2.3 1981 2.6 2.6 2.6 2.6 2.6 2.6 3.0 3.2 3.1 3.0 3.1 3.0 2.9 .9 -2.1 1982 2.9 2.9 3.0 3.0 3.1 3.1 3.6 4.0 4.1 4.1 4.4 4.8 5.5 4.0 1983 1984 2.9 2.9 2.9 2.9 3.0 3.0 3.6 4.0 4.1 4.1 4.5 5.3 7.0 2.5 2.5 2.5 2.4 2.5 2.4 3.0 3.4 3.4 3.2 3.3 3.6 1985 2.4 2.4 2.4 2.3 2.3 2.2 2.9 3.3 3.3 3.0 3.1 1986 2.4 2.3 2.4 2.2 2.2 2.1 2.8 3.4 3.4 2.9 1987 2.3 2.2 2.3 2.1 2.0 1.9 2.8 3.6 3.8 1988 2.1 2.0 2.0 1.7 1.6 1.2 2.3 3.4 1989 1.9 1.8 1.7 1.3 1.0 .1 1.2 1990 2.0 1.9 1.9 1.4 .9 -.9 1991 2.6 2.6 2.8 2.5 2.7 1992 1993 1994 1995 2.6 2.6 2.9 2.3 2.7 2.7 3.5 2.4 2.0 2.8 1992 1993 1994 1995 Table C.3—Chain-Type Price Index for Gross Domestic Product [Average annual percent change] Initial year lermmai year 1970 1996 . 1995 1994 1993 1992 1991 1990 . .. 1989 1988 . 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 5.1 5.2 5.3 5.4 5.5 5.7 5.8 5.8 5.9 6.1 6.3 6.5 6.7 7.0 7.2 7.3 7.1 6.8 6.6 6.5 6.5 6.7 6.0 5.0 4.7 5.2 1971 5.1 5.2 5.3 5.4 5.6 5.7 5.8 5.9 6.0 6.1 6.3 6.6 6.9 7.1 7.4 7.5 7.3 7.0 6.8 6.7 6.8 7.0 6.3 4.9 4.2 1972 5.1 5.2 5.3 5.5 5.6 5.8 5.9 6.0 6.1 6.3 6.5 6.8 7.1 7.4 7.7 7.9 7.7 7.4 7.3 7.3 7.5 8.0 7.3 5.6 1973 5.1 5.2 5.3 5.5 5.6 5.8 5.9 6.0 6.1 6.3 6.6 6.9 7.2 7.6 7.9 8.1 8.0 7.7 7.6 7.7 8.1 9.2 8.9 1974 4.9 5.0 5.2 5.3 5.5 5.6 5.7 5.8 5.9 6.1 6.4 6.7 7.0 7.4 7.8 8.0 7.8 7.5 7.2 7.2 7.6 9.4 1975 4.7 4.8 4.9 5.1 5.2 5.4 5.5 5.6 5.7 5.8 6.1 6.4 6.8 7.2 7.6 7.8 7.5 7.0 6.5 6.1 5.8 1977 1976 4.6 4.8 4.9 5.0 5.2 5.3 5.4 5.5 5.6 5.8 6.1 6.5 6.9 7.3 7.9 8.2 7.9 7.4 6.9 6.5 1978 4.4 4.5 4.6 4.8 4.9 5.1 5.2 5.3 5.4 5.6 5.9 6.4 6.9 7.5 8.4 9.1 8.9 8.5 4.5 4.7 4.8 4.9 5.1 5.3 5.4 5.5 5.6 5.8 6.1 6.5 7.0 7.5 8.2 8.6 8.4 7.9 7.3 1979 4.1 4.3 4.4 4.5 4.7 4.8 4.9 5.0 5.1 5.2 5.5 6.0 6.6 7.3 8.3 9.3 9.3 1980 3.8 3.9 4.0 4.2 4.3 4.4 4.5 4.5 4.5 4.7 4.9 5.4 5.9 6.6 7.8 9.4 1981 3.5 3.6 3.6 3.7 3.8 4.0 4.0 3.9 3.9 3.9 4.1 4.4 4.8 5.3 6.3 1982 3.3 3.4 3.4 3.5 3.6 3.7 3.7 3.6 3.5 3.4 3.5 3.8 4.0 4.3 1983 3.2 3.3 3.3 3.4 3.5 3.6 3.6 3.5 3.3 3.2 3.3 3.6 3.8 1984 3.2 3.2 3.3 3.4 3.5 3.6 3.6 3.4 3.2 3.0 3.0 3.4 1985 3.1 3.2 3.3 3.4 3.5 3.6 3.6 3.4 3.1 2.8 2.6 1986 3.2 3.3 3.4 3.5 3.7 3.8 3.8 3.6 3.4 3.1 1987 1988 3.2 3.3 3.4 3.6 3.8 4.0 4.1 3.9 3.7 3.1 3.3 3.4 3.6 3.8 4.2 4.3 4.2 1987 1988 1989 3.0 3.1 3.2 3.4 3.7 4.1 4.4 1990 2.8 2.9 2.9 3.1 3.3 3.9 1991 2.5 2.6 2.6 2.7 2.8 2.5 2.5 2.5 2.6 2.4 2.5 2.4 2.4 2.5 2.3 Table C.4.—Real Gross Domestic Purchases [Average annual percent change, based on chained (1992) dollar estimates] Initial year lermmai year 1970 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 2.7 2.7 2.8 2.7 2.7 2.7 2.9 3.0 3.1 3.1 3.1 3.1 3.0 2.6 2.4 2.8 2.8 3.3 3.5 3.2 2.9 2.2 3.1 4.7 4.6 3.6 1971 2.7 2.7 2.7 2.7 2.7 2.7 2.9 3.0 3.0 3.0 3.1 3.0 3.0 2.5 2.3 2.7 2.7 3.3 3.5 3.2 2.7 1.8 2.9 5.2 5.7 1972 2.6 2.6 2.6 2.6 2.5 2.5 2.7 2.9 2.9 2.9 2.9 2.8 2.8 2.3 2.0 2.4 2.3 3.0 3.1 2.7 2.0 .6 1.6 4.8 1973 2.5 2.5 2.5 2.4 2.4 2.4 2.6 2.7 2.7 2.7 2.7 2.7 2.6 2.0 1.6 2.1 2.0 2.7 2.8 2.2 1.1 -1.4 -1.5 1974 2.7 2.7 2.7 2.7 2.6 2.6 2.9 3.0 3.1 3.1 3.1 3.1 3.0 2.4 2.0 2.6 2.6 3.5 3.9 3.4 2.5 -1.3 1975 2.9 2.9 2.9 2.9 2.9 2.9 3.2 3.4 3.4 3.4 3.5 3.5 3.5 2.9 2.5 3.2 3.4 4.8 5.7 5.9 6.4 1976 2.7 2.7 2.7 2.7 2.7 2.6 3.0 3.1 3.2 3.2 3.2 3.2 3.1 2.4 1.9 2.6 2.7 4.3 5.3 5.4 1977 2.6 2.5 2.6 2.5 2.5 2.5 2.8 2.9 3.0 3.0 3.0 2.9 2.8 1.9 1.2 1.9 1.8 3.7 5.3 1978 2.4 2.4 2.4 2.3 2.3 2.2 2.6 2.7 2.7 2.7 2.7 2.6 2.4 1.2 .2 .9 .1 2.2 1979 2.4 2.4 2.4 2.3 2.3 2.2 2.6 2.8 2.8 2.8 2.8 2.7 2.5 1.0 -.4 .2 -2.0 1980 2.7 2.7 2.8 2.7 2.7 2.6 3.1 3.3 3.4 3.5 3.6 3.7 3.6 2.0 .4 2.4 1981 2.7 2.7 2.8 2.7 2.7 2.7 3.1 3.4 3.5 3.6 3.8 4.0 4.0 1.8 -1.6 NOTE.—In these triangles, the growth rate from one year to any other year can be found at the intersection of the column for the earlier year and the row for the later year; thus, growth rates from one year to the next are shown on the main diagonal. For example, from 1985 to 1995, real gross domestic product grew at an average annual rate of 2.4 percent; From 1984 to 1985, it grew 3.6 percent. 1982 3.1 3.1 3.2 3.1 3.1 3.1 3.7 4.2 4.4 4.7 5.2 5.9 6.9 5.3 1983 2.9 2.9 3.0 2.9 2.9 2.9 3.5 4.0 4.2 4.6 5.2 6.2 8.5 1984 2.4 2.4 2.4 2.3 2.2 2.1 2.7 3.1 3.2 3.3 3.6 3.9 1985 2.3 2.2 2.3 2.1 1.9 1.8 2.5 2.9 3.0 3.0 3.3 1986 2.2 2.1 2.1 1.9 1.7 1.5 2.3 2.8 2.8 2.7 2.1 2.0 2.1 1.8 1.5 1.2 2.1 2.8 2.9 2.0 1.9 1.9 1.5 1.2 .6 1.8 2.7 1989 2.0 1.8 1.8 1.2 .7 -.4 .8 1990 2.1 2.0 2.0 1.4 .6 -1.6 1991 2.9 2.9 3.2 2.9 2.8 1992 2.9 2.9 3.4 2.9 1993 2.9 2.9 3.9 1994 2.4 1.9 1995 2.9 September 1997 National Data • D-39 SURVEY OF CURRENT BUSINESS Table C.5.—Chain-Type Price Index for Gross Domestic Purchases [Average annual percent change] Terminal year 1996 1995 1994 „ 1993 1992 1991 1990 1989 1988..... 1987 ... .... ... ... 1986 18....... 95...... 1984 „ 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 Initial year 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 5.2 5.1 5.2 5.1 4.9 4.7 4.7 4.4 4.1 3.7 2.7 2.4 2.4 2.2 4.5 3.4 3.2 3.2 3.1 3.2 3.1 3.1 2.9 2.5 2.3 3.1 5.3 5.4 5.5 5.7 5.8 5.9 6.0 6.1 6.2 6.4 6.7 6.9 7.2 7.5 7.6 7.5 7.1 6.9 6.8 6.8 7.0 6.4 5.2 4.9 5.3 5.3 5.4 5.5 5.7 5.8 5.9 6.0 6.1 6.3 6.5 6.8 7.0 7.3 7.7 7.9 7.7 7.3 7.1 7.1 7.1 7.4 6.8 5.2 4.5 5.3 5.4 5.6 5.7 5.9 6.0 6.1 6.2 6.4 6.6 6.9 7.3 7.6 8.0 8.2 8.1 7.8 7.6 7.6 7.8 8.4 8.0 5.9 5.3 5.4 5.6 5.7 5.9 6.0 6.1 6.3 6.5 6.7 7.0 7.4 7.8 8.2 8.5 8.4 8.1 7.9 8.0 8.4 9.7 10.2 5.1 5.2 5.3 5.5 5.7 5.8 5.9 6.0 6.2 6.4 6.8 7.1 7.5 8.0 8.3 8.2 7.7 7.3 7.3 7.5 9.3 4.8 5.0 5.1 5.3 5.4 5.6 5.6 5.7 5.9 6.1 6.5 6.9 7.3 7.8 8.1 7.9 7.3 6.7 6.3 5.8 4.8 4.9 5.1 5.2 5.4 5.5 5.6 5.7 5.9 6.2 6.6 7.0 7.5 8.1 8.6 8.5 7.7 7.1 6.9 4.7 4.8 5.0 5.1 5.3 5.4 5.5 5.6 5.8 6.1 6.5 7.0 7.6 8.4 9.0 9.0 8.2 7.4 4.5 4.7 4.8 5.0 5.2 5.3 5.3 5.5 5.7 5.9 6.4 7.0 7.7 8.7 9.6 9.8 9.0 4.3 4.4 4.5 4.7 4.8 4.9 5.0 5.1 5.2 5.5 6.0 6.6 7.3 8.6 9.9 10.7 3.8 3.9 4.1 4.2 4.3 4.4 4.4 4.4 4.5 4.7 5.1 5.6 6.3 7.5 9.2 3.5 3.5 3.6 3.7 3.8 3.9 3.8 3.7 3.7 3.8 4.1 4.4 4.8 5.9 3.3 3.3 3.4 3.5 3.6 3.6 3.5 3.4 3.3 3.3 3.5 3.7 3.8 3.2 3.3 3.4 3.5 3.6 3.6 3.4 3.3 3.2 3.1 3.4 3.5 3.2 3.3 3.4 3.5 3.6 3.6 3.4 3.2 3.1 2.9 3.2 3.2 3.3 3.4 3.5 3.7 3.7 3.5 3.2 3.0 2.6 3.3 3.4 3.5 3.7 3.9 3.9 3.7 3.5 3.4 3.3 3.4 3.6 3.8 4.0 4.1 3.9 3.6 3.2 3.3 3.5 3.8 4.1 4.4 4.2 3.1 3.2 3.4 3.7 4.1 4.5 2.8 2.8 3.0 3.2 3.7 2.5 2.5 2.6 2.8 2.4 2.4 2.5 2.4 2.3 2.5 Table C.6.—Real Final Sales of Domestic Product [Average annual percent change, based on chained (1992) dollar estimates] Initial year Terminal year 1970 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 ...... ...... 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 2.8 2.8 2.8 2.8 2.8 2.8 3.0 3.1 3.1 3.0 3.0 3.0 2.9 2.7 2.6 3.0 3.1 3.4 3.4 3.2 3.0 2.8 3.3 4.5 4.1 2.7 1971 2.8 2.8 2.8 2.8 2.8 2.8 3.0 3.1 3.1 3.0 3.0 3.0 2.9 2.7 2.6 3.0 3.2 3.5 3.5 3.3 3.0 2.8 3.4 5.3 5.4 1972 2.6 2.6 2.6 2.6 2.7 2.7 2.9 2.9 2.9 2.9 2.9 2.8 2.7 2.5 2.3 2.7 2.9 3.2 3.2 2.8 2.4 1.9 2.5 5.3 1973 2.5 2.5 2.5 2.5 2.5 2.5 2.7 2.8 2.8 2.7 2.7 2.6 2.4 2.2 2.0 2.4 2.6 2.9 2.8 2.2 1.5 .3 -.3 1974 2.7 2.7 2.7 2.7 2.7 2.7 2.9 3.0 3.0 2.9 2.9 2.9 2.7 2.5 2.3 2.8 3.1 3.6 3.6 3.1 2.4 .9 1975 2.7 2.7 2.8 2.8 2.8 2.8 3.0 3.1 3.2 3.1 3.1 3.1 2.9 2.7 2.5 3.1 3.5 4.3 4.6 4.2 4.0 1977 1976 2.7 2.7 2.7 2.7 2.7 2.7 3.0 3.1 3.1 3.0 3.0 3.0 2.8 2.5 2.3 2.9 3.4 4.3 4.8 4.4 2.6 2.6 2.6 2.6 2.6 2.6 2.9 3.0 3.0 2.9 2.9 2.8 2.6 2.2 1.9 2.6 3.1 4.3 5.3 1978 2.4 2.4 2.4 2.4 2.4 2.4 2.7 2.8 2.7 2.6 2.6 2.5 2.1 1.5 1.0 1.7 2.0 3.4 1979 2.4 2.4 2.4 2.3 2.3 2.3 2.6 2.7 2.7 2.5 2.5 2.3 1.9 1.1 .3 .8 .6 1980 2.5 2.5 2.5 2.5 2.5 2.5 2.8 2.9 2.9 2.8 2.8 2.7 2.2 1.3 .1 1.1 1981 2.6 2.6 2.6 2.6 2.6 2.6 3.0 3.2 3.2 3.1 3.2 3.1 2.6 1.4 -.9 1982 2.9 2.9 2.9 2.9 3.0 3.0 3.5 3.8 3.9 3.9 4.2 4.4 4.3 3.7 1983 2.8 2.8 2.8 2.8 2.9 2.9 3.5 3.8 4.0 3.9 4.4 4.8 5.0 1984 2.6 2.6 2.6 2.6 2.6 2.7 3.2 3.6 3.7 3.6 4.1 4.6 1985 1986 2.4 2.4 2.4 2.3 2.4 2.3 3.0 3.3 3.4 3.1 3.5 2.3 2.3 2.3 2.2 2.2 2.1 2.8 3.2 3.4 2.6 1987 2.3 2.2 2.2 2.1 2.1 2.0 2.9 3.5 4.1 1988 2.1 2.0 1.9 1.7 1.6 1.3 2.3 3.0 1989 1.9 1.8 1.7 1.4 1.1 .4 1.6 1990 2.0 1.8 1.7 1.3 .9 -.7 1991 2.6 2.5 2.5 2.3 2.5 1992 2.6 2.5 2.5 2.1 1993 2.7 2.7 2.9 1994 2.6 2.5 1995 2.8 Table C.7.—Real Disposable Personal Income [Average annual percent change, based on chained (1992) dollar estimates] Initial year Terminal year 1970 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 . 1971 2.8 2.8 2.8 2.8 2.9 2.9 3.0 3.1 3.2 3.1 3.2 3.2 3.2 2.9 2.9 3.1 3.2 3.5 3.6 3.4 3.4 3.3 3.7 5.2 4.3 4.0 1971 2.8 2.8 2.8 2.8 2.8 2.8 3.0 3.1 3.1 3.1 3.2 3.2 3.2 2.8 2.8 3.0 3.1 3.4 3.5 3.3 3.3 3.1 3.6 5.8 4.6 1972 2.7 2.7 2.7 2.7 2.8 2.8 2.9 3.0 3.0 3.0 3.1 3.1 3.1 2.7 2.7 2.9 2.9 3.3 3.4 3.0 3.0 2.6 3.1 7.1 1973 2.5 2.5 2.5 2.5 2.5 2.5 2.7 2.7 2.8 2.7 2.8 2.7 2.7 2.3 2.2 2.4 2.4 2.7 2.6 2.0 1.6 .5 -.7 1974 2.7 2.7 2.6 2.7 2.7 2.7 2.9 3.0 3.0 3.0 3.1 3.0 3.1 2.6 2.6 2.8 2.9 3.4 3.5 3.0 2.8 1.7 1975 2.7 2.7 2.7 2.7 2.8 2.8 3.0 3.0 3.1 3.1 3.2 3.2 3.2 2.7 2.7 3.0 3.1 3.8 4.1 3.6 3.9 1976 2.6 2.7 2.6 2.6 2.7 2.7 2.9 3.0 3.1 3.0 3.1 3.1 3.1 2.5 2.5 2.8 2.9 3.7 4.2 3.2 1977 2.6 2.6 2.6 2.6 2.7 2.7 2.9 3.0 3.0 3.0 3.1 3.1 3.1 2.4 2.3 2.7 2.8 3.9 5.2 1978 2.5 2.5 2.4 2.4 2.5 2.5 2.7 2.8 2.8 2.7 2.8 2.8 2.8 1.9 1.6 1.9 1.7 2.7 1979 2.4 2.5 2.4 2.4 2.5 2.5 2.7 2.8 2.8 2.7 2.9 2.8 2.8 1.6 1.3 1.5 .6 1980 2.6 2.6 2.5 2.6 2.6 2.6 2.9 3.0 3.1 3.0 3.2 3.2 3.3 2.0 1.6 2.3 1981 2.6 2.6 2.5 2.6 2.7 2.6 2.9 3.1 3.2 3.1 3.4 3.5 3.6 1.8 .9 1982 2.7 2.7 2.7 2.7 2.8 2.8 3.2 3.4 3.6 3.6 4.1 4.4 5.0 2.8 1983 2.7 2.7 2.7 2.7 2.9 2.9 3.3 3.5 3.8 3.8 4.5 5.1 7.3 1984 2.3 2.3 2.2 2.2 2.3 2.2 2.6 2.8 3.0 2.6 3.1 3.0 1985 2.3 2.3 2.1 2.1 2.2 2.1 2.5 2.7 2.9 2.4 3.2 1986 2.2 2.1 2.0 2.0 2.0 1.9 2.3 2.5 2.8 1.6 1987 2.2 2.2 2.1 2.0 2.1 1.9 2.6 2.9 3.9 1988 2.0 2.0 1.7 1.7 1.7 1.3 1.9 2.0 1989 2.0 2.0 1.7 1.6 1.6 .9 1.8 1990 2.0 2.0 1.7 1.5 1.4 0 1991 2.4 2.5 2.2 2.2 2.8 1992 1993 1994 1995 2.3 2.4 1.9 1.7 2.6 2.7 2.2 2.8 3.3 2.3 D-40 • National Data September 1997 SURVEY OF CURRENT BUSINESS D. Domestic Perspectives. These tables present data collected from other government agencies and private organizations, as noted. Quarterly data are shown in the middle month of the quarter. Table D,1,—Domestic Perspectives 1997 1996 1995 1996 June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Consumer and producer prices, (seasonally adjusted) Mar. Apr. May June July l Consumer price index for all urban consumers, 1982-84=100: All items Less food and enerav Services . 152.4 161.2 168.7 156.9 165.6 174.1 156.7 165.6 173.9 157.1 166.0 174.5 157.4 166.2 174.9 157.9 166.7 175.4 158.3 167.0 175.8 158.8 167.4 176.3 159.2 167.7 176.8 159.4 167.9 177.2 159.8 168.3 177.6 159.9 168.7 178.0 160.0 169.2 178.5 160.1 169.5 178.8 160.3 169.7 179.3 160.6 170.0 179.8 Producer price index, 1982=100: Finished goods Less food and energy Finished consumer goods Capital equipment Intermediate materials Crude materials 127.9 140.0 125.6 136.7 124.9 102.7 131.3 142.0 129.5 138.3 125.7 113.5 131.2 142.1 129.4 138.3 125.7 112.6 131.2 142.1 129.4 138.3 125.5 115.1 131.6 142.2 129.9 138.5 125.7 115.8 132.0 142.4 130.3 138.7 126.2 112.8 132.5 142.3 131.0 138.5 126.0 112.0 132.7 142.3 131.3 138.5 125.8 115.0 133.4 142.5 132.1 138.5 126.4 122.1 133.0 142.5 131.6 138.6 126.6 126.7 132.6 142.4 131.1 138.5 126.4 116.2 132.3 142.6 130.8 138.5 125.9 107.3 131.6 142.5 129.9 138.3 125.5 109.0 131.2 142.1 129.4 138.0 125.3 110.4 131.1 142.3 129.4 138.1 125.3 106.8 131.0 142.1 129.2 138.0 125.1 106.7 Money, interest rates, and stock prices 2 Money stock (seasonally adjusted): Percent change: M1 „ M2 Ratio: Gross domestic product to M1 Personal income to M2 Interest rates (percent, not seasonally adjusted):2 Federal funds rate Discount rate on new 91 -day Treasury bills Yield on new high-grade corporate bonds 10-Year U.S. Treasury bonds Yield on municipal bonds, 20-bond average Mortgage commitment rate Average prime rate charged by banks Index of stock prices (not seasonally adjusted):3 500 common stocks, 1941-43=10 -0.14 .43 -0.60 .21 -0.81 .33 -0.60 .33 -1.19 .33 -0.02 .58 0.09 .63 -0.12 .45 0.07 .43 -0.50 .43 -0.94 .50 -0.23 -.01 0.04 .38 -0.10 .30 6.356 1.722 6.908 1.733 1.740 1 735 6974 1 738 1.744 1.736 7.213 1736 1.738 1 740 7.356 1 745 1747 1.742 7.554 1.747 1.751 1.748 5.83 5.51 7.72 6.57 5.95 7.95 8.83 5.30 5.02 7.62 6.44 5.76 7.80 8.27 5.27 5.11 8.00 6.91 6.02 8.32 8.25 5.40 5.19 7.97 6.87 5.92 8.25 8.25 5.22 5.09 7.68 6.64 5.76 8.00 8.25 5.30 5.15 7.84 6.83 5.87 8.23 8.25 5.24 5.01 7.69 6.53 5.72 7.92 8.25 5.31 5.03 7.43 6.20 5.59 7.62 8.25 5.29 4.87 7.45 6.30 5.64 7.60 8.25 5.25 5.05 7.63 6.58 5.72 7.82 8.25 5.19 5.00 7.54 6.42 5.63 7.65 8.25 5.39 5.14 7.85 6.69 5.76 7.90 8.30 5.51 5.17 8.04 6.89 5.88 8.14 8.50 5.50 5.13 7.90 6.71 5.70 7.94 8.50 5.56 4.92 7.71 6.49 5.53 7.69 8.50 5.52 5.07 7.44 6.22 5.35 7.50 8.50 541.64 670.83 668.50 644.07 662.68 674.88 798.39 792.16 763.93 833.09 876.29 925.29 701.46 735.67 743.25 766.22 Labor markets (thousands, seasonally adjusted, unless otherwise noted) 1 Civilian labor force Labor force participation rates (percent): Males 20 and over Females 20 and over 1g_19 years of age Civilian employment Ratio, civilian employment to working-age population (percent) Persons engaged in nonagricultural activities Employees on nonagricultural payrolls Goods-producing industries Services-producing industries Average weekly hours, manufacturing (hours) Average weekly overtime hours, manufacturing (hours) Number of persons unemployed Unemployment rates (percent): Total 15 weeks and over Average duration of unemployment (weeks) Nonfarm business sector, 1992=100: Output per hour of all persons Unit labor costs Houriv condensation .. See footnotes at end of table. 132,304 133,943 133,709 134,165 133,898 134,291 134,636 134,831 135,022 135,848 135,634 136,319 136,098 136,173 136,200 136,290 76.7 77.0 77.0 77.1 77.1 77.1 76.8 76.7 76.9 76.9 76.8 76.9 76.8 77.0 76.9 76.8 60.4 60.4 59.4 60.2 60.3 60.2 59.7 60.5 60.5 60.6 60.4 60.1 60.0 59.9 59.9 59.9 523 51.4 52.1 52.2 52.4 52.2 50.7 52.2 51.0 52.9 51.9 52.0 51.8 52.3 52.8 53.5 124,900 126,708 126,590 126,889 126,988 127,248 127,617 127,644 127,855 128,580 128,430 129,175 129,384 129,639 129,364 129,708 63.2 63.2 63.2 62.9 121,460 123,264 123,182 123,419 117,191 119,523 119,516 119,691 24,265 24,431 24,453 24,433 92,925 95,092 95,063 95,258 41.6 41.7 41.6 41.6 63.2 123,570 119,983 24,468 95,515 41.7 63.3 123,768 120,019 24,439 95,580 41.7 63.4 124,167 120,248 24,479 95,769 41.7 4.5 4.5 4.5 4.5 4.5 63.4 124,429 120,659 24,540 96,119 42.0 63.6 125,112 120,909 24,581 96,328 41.8 63.5 125,138 121,162 24,653 96,509 41.9 63.8 125,789 121,344 24,670 96,674 42.1 63.8 125,887 121,671 24,667 97,004 42.1 63.9 126,209 121,834 24,702 97,132 42.0 63.7 125,973 122,062 24,720 97,342 41.8 63.8 126,226 122,378 24,716 97,662 41.7 4.6 4.7 4.7 4.7 4.9 4.9 4.8 4.7 4.6 7,167 7,268 7,205 7,144 6,714 6,534 6,836 6,583 5.3 1.6 15.8 5.4 1.6 16.0 5.3 1.6 16.0 5.2 1.5 15.3 4.9 1.5 15.2 4.8 1.5 15.1 5.0 1.5 15.1 4.8 1.6 16.6 63.4 124,290 120,450 24,508 95,942 41.7 4.4 4.5 7,404 7,236 7,119 7,276 6,910 7,043 7,019 7,187 5.6 1.8 16.6 5.4 1.7 16.7 5.3 1.8 17.2 5.4 1.7 16.9 5.2 1.7 17.2 5.2 1.7 16.9 5.2 1.7 16.7 5.3 1.6 16.0 100.7 106.0 106.7 102.0 107.9 110.1 102.0 108.5 110.6 102.4 108.9 111.5 102.8 109.7 112.8 102.9 110.4 113.6 September 1997 National Data • D-41 SURVEY OF CURRENT BUSINESS Table D.I—Domestic Perspectives—Continued 1997 1996 1995 1996 June July Aug. Sept. Oct. Nov. Dec. Jan. Construction (seasonally adjusted at annual rates) Feb. Mar. Apr. May June July 4 Total new private construction put in place (billions of dollars) Residential Nonresidential 406.8 230.7 135.0 437.1 247.2 149.4 438.6 250.2 150.4 436.8 249.4 146.9 443.6 249.2 152.6 444.4 249.0 153.5 449.0 247.9 159.3 448.9 248.3 159.9 447.0 247.9 157.4 444.4 246.7 161.0 452.0 251.4 163.7 452.7 254.0 160.5 456.9 260.0 156.5 462.0 259.5 163.4 454.8 256.4 158.9 Housing starts (thousands of units): Total 1-unit structures 1,354 1,076 1,477 1,161 1,488 1,214 1,492 1,164 1,515 1,222 1,470 1,148 1,407 1,104 1,486 1,133 1,353 1,024 1,375 1,125 1,554 1,237 1,479 1,142 1,483 1,133 1,402 1,098 1,447 1,447 1,111 1,141 667 757 732 782 814 768 706 788 794 822 826 825 764 772 819 746,769 326,909 209,926 209,934 742,945 323,567 210,008 209,370 747,856 326,427 210,690 210,739 New 1 -family houses sold (thousands of units) Manufacturing and trade, inventories and sales (millions of dollars, seasonally adjusted) 4 Sales: Total manufacturing and trade Manufacturing Merchant wholesalers Retail trade Inventories: Total manufacturing and trade ..... Manufacturing Merchant wholesalers Retail trade 8,179,165 3,589,395 2,265,732 2,324,038 8,601,158 3,735,183 2,420,679 2,445,296 712,727 310,052 199,977 202,698 721,396 313,851 204,254 203,291 718,782 313,854 201,892 203,036 985,905 1,004,425 429,089 434,434 253,066 255,808 303,750 314,183 992,101 429,802 256,122 306,177 996,796 430,543 256,467 309,786 999,357 1,000,431 1,004,990 1,004,540 1,004,425 1,007,618 1,011,899 1,013,376 1,017,150 1,019,025 1,025,944 431,647 432,674 434,038 435,200 434,434 435,743 437,873 438,560 441,508 443,460 444,798 256,598 254,788 255,671 255,850 255,808 257,895 258,088 259,389 258,046 259,029 263,931 311,112 312,969 315,281 313,490 314,183 313,980 315,938 315,427 317,596 316,536 317,215 724,103 315,971 203,419 204,713 727,725 316,461 204,987 206,277 730,646 319,296 205,561 205,789 728,760 316,306 205,560 206,894 737,464 319,725 207,506 210,233 747,790 322,967 211,801 213,022 745,460 322,923 210,195 212,342 Industrial production indexes and capacity utilization rates (seasonally adjusted) 2 Industrial production indexes, 1992=100: Total By industry: Durable manufactures Nondurable manufactures .... By market category: Consumer goods Capacity utilization rates (percent): Total industry Manufacturing 112.1 115.2 115.5 115.5 115.8 116.0 116.2 117.2 117.7 117.8 118.4 118.8 119.3 119.3 119.6 119.8 119.7 106.2 125.7 106.3 126.3 105.9 126.9 106.4 127.5 106.2 127.2 106.9 127.1 107.4 128.4 107.9 128.8 108.8 129.5 108.5 130.8 108.6 131.7 108.7 132.3 108.7 132.7 108.5 133.4 108.5 133.8 108.3 108.9 110.4 110.8 110.7 110.1 110.5 110.8 112.3 112.7 111.7 111.6 112.1 112.1 112.1 112.5 112.3 83.8 83.1 83.1 82.1 83.5 82.3 83.2 82.4 83.2 82.3 83.1 82.1 83.0 82.0 83.4 82.4 83.5 82.5 83.3 82.4 83.5 82.6 83.6 82.7 83.6 82.6 83.3 82.4 Credit market borrowing (billions of dollars, seasonally adjusted at annual rates) 2 All sectors, by instrument: Total Open market paper U.S. government securities Municipal securities Corporate and foreign bonds .. Bank loans, n.e.c Other loans and advances Mortgages Consumer credit Sources: 1. Bureau of Labor Statistics 2. Federal Reserve Board 1,236.3 74.3 348.5 -44.2 307.2 113.5 61.6 233.8 141.6 1,350.3 102.6 376.1 1.5 273.6 93.8 66.7 342.8 93.2 1,315.9 107.6 401 7 -76.2 248.2 143.1 116.5 2809 94.2 1,378.2 136.8 366.5 1,124.7 203.4 206.2 63.5 26.8 302.4 142.4 135.4 43.8 45.8 354.5 65.0 3. Standard and Poor's, Inc. 4. Bureau of the Census n.e.c. Not elsewhere classified. 17.9 3124 80.2 83.3 82.3 83.1 82.1 D-42 • National Data September 1997 SURVEY OF CURRENT BUSINESS E. ChartSPercent changes shown in this section are based on quarter-to-quarter changes and are expressed at seasonally adjusted annual rates; likewise, levels of series are expressed at seasonally adjusted annual rates as appropriate. SELECTED NIPA SERIES Chained (1992) dollars Dec Nov Apr Feb 28000 REALGROSS DOMESTIC PRODUCT PER CAPITA JanJIyJIy Nov Mar Jy Mar Nov 28000 26000- -26000 24000- •24000 22000- -22000 20000- -20000 18000- -18000 -16000 -14000 -12000 591 '611 '631 '77' '791 '811 10000 >83 ' !85 REAL GROSS DOMESTIC PRODUCT (PERCENT CHANGE) -10 59' es' 'er1 "eg1 "71 US. Department of Commerce, Bureau of Economic Analysis "73' hs\ 77 si '87 89' *91 '93' W" '97 -10 September 1997 SURVEY OF CURRENT BUSINESS National Data • D-43 SELECTED NIPA SERIES Percent Apr Feb 60 Dec Nov Nov JanJIyJty Mar Nov Jy Mar 60 SHAlf S OF FEDERAL GOVERNMENT RECEIPT^ Personal tax and nontax payments; 50 - -50 40- -40 30 - -30 20 - -20 10- -10 Indirect business taxes 5?"61 '631 las' "71" '73' '75' '77' '79" W 'as' W" 'eg" "91" '93' "95' Percent 70 Dec Nov Apr Feb Nov Mar JanJyJIy Nov JlyMar 70 SH4H6S OF FEDERAL GOVERNMENT CURRENfBPENDITURESv? 60 . "60 50 . -50 40 . 40 30 . 30 20 - -20 Grants to State and local governmants 10 . -10 0 Percent 59' '61' '63' '65' '67' '69' Apr Feb '71' Dec Nov '73' '75' '77' '79' '81' JanJIyJry Nov Mar '83 ' '85' '87' '89 1 Nov '91 1 '93 1 '95' '97 Jly Mar RAWSl GOVERNMENT SURPLUSTOEFICIT( NIP4TO GROSS DOM^f PRODUCT - 2 ......y^/ \ / \ / \ ( 59' '61' '63' « r '65' . =,l '67' / \ "fV lo«l '69' 71' U.S. Department of Commerce, Bureau of Economic Analysis '73' '75' '77' '79' '8V '83' '85' lo, '87 U , „. 91' M '93' '95' '97 D-44 • National Data SURVEY OF CURRENT BUSINESS September 1997 SELECTED NIPA SERIES Percent Apr fab Dec Nov RATIO. SAVING TO GROSS NATIONAL PRODUCT Nov Mar JanJtvJv Nov Jy Mar Caporate and other privateriaving' ' --->-„' ' 59' '61' 'es' '65' '67' Percent 'e9' 71' 73' Dec Nov '75' 'T/' -V .-**•*"" -— -.3s '79' '8l' 's3' 1 'as' ' • '-*1 «-l Nov Mar RATIO, INVESTMENT TO GROSS NATIONAL PRODUCT Gross private domestic i 591 Percent '61 1 I631 67' I '69' , . 71' U» 73' ™ '75' U, '77' U« '79' -J '81' U '83' „« '85' L, '87' '89' '91' '93 SHABfS OF GROSS PRIVATE DOMESTIC FIXEDIWESTMENT Jtt Producers' durable equipment, Residential investment 20- 10 I751 U.a Department of Commerce. Bureau of Economic Analysis 1 771 '79' 97 September 1997 SURVEY OF CURRENT BUSINESS National Data • SELECTED NIPA SERIES SHARES OF NATIONAL INCOME 1959 Wage and salary accruals, 63.3% 1996 Wage and salary accruals, 58.1% Net interest, 2.5% Net interest, 6.8% '/ Corporate profits with IVAand CCAdj, 12.2% Corporate profits with IVA and CCAdj, 11.8% wth IVA, 4.4% Proprietors' income with IVA and CCAdj, 12.3% Supplements to wages and salaries, 5.2% Rental income of persons Proprietors' income wth IVA, 2.3% with IVA and CCAdj, 8.3% SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR 1959 1996 Business, 86.1% Business, 83.8% General government, 11.4% General government, 11.6% Households and institutions, 2.4% Households and institutions, 4.5% SHARES OF GROSS DOMESTIC PURCHASES 1959 Personal consumption expenditures, 62.5% Nonresidential investment, 10.0% Residential investment, 5.5% 1996 Government consumption expenditures and gross investment, 18.2% Government consumption expenditures and gross investment, 22.0% U.S. Departrrwrt of Commerce, Bureau of Economic Analysis Personal consumption expenditures, 67.4% Nonresidential investment, 10.4% Residential investment, 4.0% D-45 D-46 • National Data SURVEY OF CURRENT BUSINESS September 1997 SELECTED NIPA SERIES Percent Mnu 60 Mnu Uar .Ian.llu .llu Mnu 60 SHMKS OF GROSS DOMESTIC PRODUCT BY flit OF PRODUCT 50- -50 40- -40 Output of goods 30 - -30 20- 10- 59 Percent 14 -10 Output of structures 6V Anr FA '63' '$5 67 69 Li Li 71' Dae Nat Nnv Mar JanJIv Jtv L" Li Li L« Nov 14 EXPORTS AS SHARE OF GROSS DOMESTIC PRODUCT IMPORTS AS SHARE OF GROSS DOMESTIC PUBfcHASES 12 - -12 10 . -10 8 _ -8 Exports 6 _ h6 -4 Percent 60 Li L< Li .Li >J in APT Frii Par Nnu L' Li Li Li L> Li L« L> L' Nni Mar JanJIv J» Moa 60 SHAMS OF PERSONAL CONSUMPTION EXPENSJiURES BY TYPBW PRODUCT 50- -50 40- -40 30- -30 20 20 Durable goods 10 u 10 .ar. 59i Li L> L> Li L> '71 US. Department of Commerce, Bureau of Economic Analysis Li Li '79' Li LI L'- I '91' I I '93 1 I I I '95' '97 0 September 1997 National Data • SURVEY OF CURRENT BUSINESS SELECTED NIPA SERIES Percent Dec Nov Aor Feb Nov JanJIvJtv Mar Nov MARGIN, DOMESTIC^IPNFINANCIAL Ratio of corporate profits per unit to cost and profit per unit >J '95! '97 59' '«> U W W' IJ '71 1 >n I In! IT/' '79' U 'sal U Ratto Anr Feb_ __ Dec Nov Nov Mar_ JanJIv Jlv Nov Jlv Mar ^DRY/SALES RATIOS, CURRENT-DOLLARp Nonfarminventonesto final sales of goods and structures Inventories to final sales of domestic business Nonfarm inventories to final sales of domestic business 'Based on current-dollar estimates of inventories and sales 59' '61' '63' '65' '67' Ratio '89' '71' Dec Nov '73' Nov '75' '77' '79' '81' '83' '85' '87 91' '93' '95' '97 Mar INBTTORY/SALES RATIOS, REAL Nonfarminventonesto final sales of goods and structures Inventories to final sales of domestic business Nonfarm inventories to final sales o! domestic business 'Based on chained (1992) dollar estimates of inventories and sales J U i ' . W 1,1 71' US. Department of Commerce, Bureau o» Economic Analysis 73' '75 ' 77' ' ' 79' ' ' « ' ' 83 ' ' as ' ' ' ' ' 91 93 95' '97 D-47 D-48 • National Data SURVEY OF CURRENT BUSINESS September 1997 OTHER INDICATORS OF THE DOMESTIC ECONOMY Percent Nov Mar 18 JanJhMlvNov JIvMar Percent Nov Mar JanJIvJIvNov CONSUMER PRICE INDEX PERCENT CHANGE) I I I I I I I I I I I I I I I I I I I I I I I I I 72 74 76 78 80 82 84 86 88 90 92 94 96 72 74 JIvMar PRODUCER PRICE INDEX (PERCENT CHANGE) Index 130 JanJIvJIvNov NovMar INDUSTRIAL PRODUCTION INDEX I I I ! I I I I I I II I I I I I I I I I I I 76 78 80 82 84 86 88 90 92 94 96 JIvMar 120110100908070- 60 I I I I76I I78I I I I82I I84I I I 88I I I I I 94I I I I 90 92 I 96 80 86 I I I I I I I I I I I I I I I I I I I I I I I I I 72 74 76 78 80 82 84 86 88 90 92 94 96 Hours Nov Mar 43 JanJIvJIvNov JvMar AVERAGE WEEKLY HOURS.MANUFACTURING 4241 - 40- 39- 38- 37 I I I I I I I I I I I I I I I I I I I I ! I I I I 72 74 76 78 80 82 84 86 88 90 92 94 96 U.S. Department of Commerce, Bureau of Economic Analysis 72 74 H UrS ° 6 NovMar JanJIvJIvNov JIvMar AVEfr*6E WEEKLY OVfttlg HOURS, MANUFACTURING National Data • D-49 SURVEY OF CURRENT BUSINESS September 1997 OTHER INDICATORS OF THE DOMESTIC ECONOMY Percent 12 Nov Mar JanJIvJIv Nov Jh/Mar UNEMPLOYMENT RATE 10- Percent NnuU .lan.llv.llu Mnu 18 INTEREST RATES 1510-Year Treasury Bomte 126- 9- 4- 6- 3- 0 I Fl I I I I F l T l I I I I I I I I I I I II I 72 74 76 78 80 82 84 86 88 90 92 94 96 Percent Nnv Mar JanJIvJIv Nnv 72 Ratio II 74 I I I I I I II I I I I I I I I I I I I I I 76 78 80 82 84 86 88 90 92 94 96 Jlv Mar 8.0 MONIY SUPPLY (PERCENT CHANGE) RAtJURGDPTOMf, 7.5- 20- 7.0- 6.56.0- 5.0- 4.5- I I I I I I I I I I I I I I i II 72 74 76 78 80 82 84 86 88 Millions 3.0 Nov Mar JanJIvJIv Nov I I I I I I I I 90 92 94 96 Jlv Mar 4.0 I I I I I I I I I I I II 72 74 76 78 80 82 84 Thousands 1000 HOUSING STARTS Mnu Mar I I I I I I I.I I I I I 86 88 90 92 94 96 Ian Hi, IK, Una SALES OF NEW ONE-FAMILY! HOUSES 2.5 - 800- 2.0 - 600- 1.5 400- 1.0 - 200- 0.5 - II I I I I I I I I I I I I I I I I I I I I I II 72 74 76 78 80 82 84 86 88 90 92 94 96 U.S. Department of Commerce, Bureau of Economic Analysis I I I I I I I I I I I I I I II I I I I I I I I I 72 74 76 78 80 82 84 86 88 90 92 94 96 D-50 • International Data September 1997 SURVEY OF CURRENT BUSINESS International Data R Transactions Tables, Table F.i includes the most recent estimates of U.S0 international trade in goods and services; the estimates were released on August 20, 1997 and include "preliminary" estimates for June 1997 and "revised" estimates for May. The sources for the other tables in this section are as noted. Table F.i—U.S. International Transactions In Goods and Services [Millions of dollars; monthly estimates seasonally adjusted] 195)7 1996 1995 1996 May June 794,610 848,833 71,277 Goods Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts Consumer goods (nonfood), except automotive Other goods1 Adjustments 575,871 60,473 146,247 233046 61,828 64,425 28,723 -8,871 612,069 55,534 147,652 252 895 65,021 70,138 33,836 -13,006 Services Travel Passenger fares 218,739 63395 19,125 27,412 27,383 66,850 13,756 818 Exports of goods and services Royalties and license fees Other private services Transfers under U.S. military agency sales contracts2 U.S. Government miscellaneous services Imports of goods and services Goods . ... ... Foods, feeds, and beverages industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts Consumer goods (nonfood), except automotive Other goods 1 Adjustments Services Travel Passenger fares Other transportation Royalties and license fees Other private services Direct defense expenditures2 U.S. Government miscellaneous services Memoranda! Balance on goods Balance on services Balance on goods and services Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 68500 71,150 70,435 73,088 73,969 72,444 71,957 74,370 78,193 77,887 77,686 78,420 51,254 4,686 12,339 21 158 5,485 5,868 3,071 -1,352 50,423 4424 12,189 20417 5,719 5,892 3,092 -1,309 52,503 4545 12,679 22049 5,410 6,141 2,744 -1,065 53,209 12,252 22211 5,878 6,070 3,064 -1,279 52,133 4!398 12,463 22052 5,465 6,015 3,056 -1,316 51,686 4,327 12,091 21555 5,600 6,068 2,595 53,687 4,272 12,706 22,715 5,907 6,264 2,493 57,155 4,181 13,731 24713 6,228 6,481 2,808 57,162 4,162 13,507 24971 6,171 6,339 2,709 56,871 4,052 13,399 24,760 5,935 6,663 3,057 57,456 3,974 13,981 24,488 6,254 6,785 2,831 -882 49,087 4,675 11,618 20110 5,348 5,589 3,187 -1,440 -551 -671 -988 -697 -995 -858 19,554 5754 1,648 2,225 2,450 6,070 1,348 59 19,413 5667 1 682 2,193 2483 6,091 1,228 69 19,896 5945 20,012 6047 20,585 20,760 20,311 5823 20,271 5968 21,038 6388 1,810 2,428 2,576 6,641 1,130 65 20,725 20,815 6062 1,752 2,420 2,599 6,714 1,203 65 20,964 6,138 1,788 2,392 2,602 6,787 1,192 65 Aug. 70,889 51,282 4,678 12,451 21050 5,428 5,861 2,944 -1,130 51,335 4,484 12,340 20861 5,568 5,890 3,075 236,764 69908 20,557 27,216 29,974 73,569 14,647 893 19,995 6090 1,747 2,270 2,445 6,067 1,315 61 5012 6145 1791 6215 1801 1690 1710 6,196 1,165 71 2,400 2559 6,321 1,299 70 2,393 2570 6,370 1,342 69 2,349 2574 6,426 1,381 68 2,304 2,580 6,519 1,124 66 20,683 6265 1,796 2,326 2,577 6,589 1,064 66 1766 1789 2,293 2498 6,145 1,179 70 2,230 2514 6021 1,767 2,420 2,594 6,651 1,205 67 896,467 .... 959,873 81,250 79,021 80,123 81,157 81,323 81,023 81,634 83,045 83,431 84,254 85,948 86,633 87,222 86,578 749.431 33,176 181,849 221 431 123,795 159,905 23387 5,888 803,239 35,710 204,482 229050 128,938 171,007 26102 7,950 68,108 3,015 17,356 19017 11,033 14,271 2,168 1,247 66,174 2,913 16,698 18841 10,755 13,943 2,151 66844 2947 17,346 18704 11 044 14,101 2277 68,013 68,400 68,385 2976 17,562 19330 11 234 14,749 2245 69,828 69,834 3074 17,944 19466 11763 15,117 2224 70,448 3,105 17,641 19439 12113 15,256 2465 72,032 3328 17,969 20422 11685 14,927 2244 73,234 3,378 17,905 20988 11,625 16,079 2,361 72,469 3,246 17,455 21,268 11,550 15,700 2,358 874 425 770 307 315 289 235 247 429 1456 72,689 3,358 17,575 20686 11,366 16,214 2472 1,019 897 891 147,036 46,053 14,433 28,249 6,503 39,285 9,890 2,623 156,634 48,739 15,776 28,453 7,322 42,796 10,861 2,687 13,142 4,113 1,347 2,460 561 3,525 917 219 12,847 3,965 1,298 2,351 557 3,530 925 221 13,279 3,915 1,291 2,445 930 3,542 927 229 13,144 4,046 1,324 2,403 658 3,554 928 231 12,923 3,955 1,305 2,372 556 3,578 925 232 13,200 4,025 1,344 2,478 577 3,640 909 227 13,249 4,156 1,367 2,323 589 3,680 907 227 13,217 4,061 1,342 2,366 604 3,707 911 226 13,597 4,262 1,390 2,441 628 3,719 929 228 13,806 4,383 1,439 2,437 637 3,748 934 228 13,916 4,442 1,448 2,434 642 3,785 937 228 13,944 4,396 1,428 2,502 634 3,814 944 226 13,988 4,359 1,435 2,508 635 3,875 949 227 14,109 4,376 1,454 2,461 636 4,001 954 227 -173,560 71,703 -101,857 -191,170 80,130 -111,040 -16,826 6,853 -9,973 -14,839 6,707 -8,132 -17,757 6,134 -11,623 -16,759 6,752 -10,007 -17,976 7,089 -10,887 -15,320 7,385 -7,935 -15,176 7,511 -7,665 -17,695 7,094 -10,601 -18,149 6,674 -11,475 -16,761 6,877 -9,884 -14,877 7,122 -7,755 -15,528 6,781 -8,747 -16,363 6,827 -9,536 -15,013 6,855 -8,158 f Preliminary. " Revised. 1. Reflects adjustments necessary to bring the Census Bureau's component data in line with the concepts and definitions used to prepare BEA's international and national accounts. June'' Sept. July 3015 2991 17,384 19010 11216 14,438 17,841 19133 11 160 14,769 67,823 3009 18,250 18943 10156 14,952 2181 2199 2198 3189 18,698 19581 10846 15,149 2130 2. Contains goods that cannot be separately identified. Source: U.S. Department of Commerce, Bureau of Economic Analysis and Bureau of the Census September 1997 International Data • D-51 SURVEY OF CURRENT BUSINESS Table F.2.—U.S. International Transactions [Millions of dollars] Seasonally adjusted Not seasonally adjusted (Credits +; debits -)1 Line 1995 1996 1996 II 1 Exports of goods, services, and Income 2 Goods, adjusted, excluding military2 3 Services3 4 Transfers under U.S. military agency sales contracts4 5 Travel 6 Passenger fares . 7 Other transportation 8 Royalties and license fees5 9 Other private services5 10 U.S. Government miscellaneous services 11 Income receipts on U.S. assets abroad 12 Direct investment receipts 13 Other private receipts 14 U.S. Government receipts 15 Imports of goods, services, and Income 16 Goods, adjusted, excluding military2 17 Services3 18 Direct defense expenditures 19 Travel Passenger fares . 20 21 Other transportation 22 Royalties and license fees5 23 Other private services5 24 U.S. Government miscellaneous services 25 Income payments on foreign assets in the United States Direct investment payments 26 27 Other private payments U.S. Government payments 28 29 Unilateral transfers, net U.S. Government grants4 30 U.S. Government pensions and other transfers 31 Private remittances and other transfers6 32 35 36 37 38 39 40 41 42 43 44 45 46 47 U.S. official reserve assets, net7 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 assets8 U.S. foreign currency holdings and U.S. short-term assets, net U.S. private assets, net Direct investment Foreign securities U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns U.S. claims reported by U.S. banks, not included elsewhere 56 57 58 59 60 61 62 63 63a 64 65 66 67 68 69 70 1997 IV III \P 1,055,233 261,665 260,424 276,672 278,286 262,335 261,979 274,545 279,468 575,871 612,069 154,198 145,670 160,759 162,812 153,411 150,764 157,846 162,527 218,739 13,756 236,764 14,647 57,121 63,564 3,572 60,669 4,022 60,127 58,736 3,961 61,656 4,022 61,991 3,318 59,322 3,572 63,395 19,125 27,412 69,908 20,557 27,216 17,165 4,769 6,788 21,041 16,898 4,916 17,659 5,237 18,183 5,282 6,763 7,229 17,356 4,952 6,805 18,621 6,104 16,492 4,977 6,933 6,716 7,142 7,058 27,383 66,850 29,974 73,569 7,170 7,410 17,082 18,464 8,273 19,124 7,435 20,775 7,345 18,130 7,495 18,433 7,703 19,117 7,733 19,748 818 893 187 210 207 197 187 210 207 197 196,880 90,349 101,836 4,695 206,400 98,890 102,866 4,644 50,346 24,318 25,053 51,190 23,837 25,938 55,243 27,123 27,232 55,347 26,001 28,399 50,188 23,929 25,053 51,893 24,675 25,938 55,043 26,898 27,232 54,950 25,705 28,399 975 1,415 888 947 1,206 1,280 913 846 -1,086,539 -1,163,450 -289,195 -301,489 -302,337 -300,901 -289,231 -295,865 -299,493 -311,725 -749,431 -803,239 -199,450 -205,518 -210,542 -204,876 -200,973 -203,257 -206,036 -212,314 -147,036 -9,890 -156,634 -10,861 -40,128 -2,747 -42,415 -2,780 -38,253 -2,727 -38,299 -2,800 -38,953 -2,747 -59,345 -2,780 -39,664 -2,727 -41,321 -2,800 -46,053 -14,433 -28,249 -48,739 -15,776 -28,453 -13,236 -4,188 -7,222 -14,321 -4,406 -7,380 .-10,690 -3,637 -7,203 -10,962 -3,941 -7,126 -12,099 -3,943 -7,253 -11,915 ^,920 -7,218 -12,241 -4,053 -7,166 -13,087 -4,277 -7,313 -6,503 -39,285 -2,623 -7,322 -42,796 -2,687 -1,606 -10,473 -2,154 -10,682 -1,865 -11,451 -1,878 -10,907 -1,684 -10,570 -2,144 -10,676 -1,770 -11,027 -1,907 -11,253 -190,072 -30,345 -98,448 -61,279 -203,577 -52,132 -100,103 -71,342 -49,616 -8,184 -24,600 -16,832 -53,556 -9,905 -25,158 -18,493 -53,542 -7,554 -26,135 -19,853 -57,726 -9,095 -27,492 -21,139 -49,305 -7,873 -24,600 -16,832 -53,263 -5,612 -25,158 -18,493 -63,793 -7,805 -26,135 -19,853 -58,090 -9,459 -27,492 -21,139 -34,046 -39,968 -8,122 -9,103 -12,305 -6,656 -6,689 -6,947 -11,926 -8,709 -11,096 -3,420 -19,530 -14,933 -4,331 -20,704 -2,423 -5,499 -1,407 -5,399 -2,162 -4,918 -2,690 -1,188 -5,225 -2,423 -1,081 -5,185 -2,690 -1,064 -5,193 -5,499 -1,050 -5,377 -2,162 -1,098 -5,449 4R9 AAA -30«,«W4 -51,161 70 ftlQ -7o,OJo 77 KA9 -/f,0«M 1 EX XOft -1«W,*JO 00 707 -88, 78 1 -9,742 6,668 -523 7,489 -315 4,480 -623 7,489 -315 370 -133 -220 -170 848 -146 72 -133 -220 -170 848 -146 -808 -2,466 -6,468 -1,280 7,578 3,961 -657 -781 -692 -183 6,824 162 -680 1 AO 090 -1«W,0«8 -28 -141 -684 -834 -5,660 4M OflO -1U1,9UZ 1,055 3,353 31 -657 _AO AOfi -«w,oyg -692 -183 6,824 162 -680 -28 -141 3,318 5,316 -684 4,480 72 1,055 3,353 31 Foreign official assets in the United States, net , U.S. Government securities9 U.S. Treasury securities Other 10 Other U.S. Government liabilities11 U.S. liabilities reported by U.S. banks, not included elsewhere Other foreign official assets12 Other foreign assets in the United States, net Direct investment U.S. Treasury securities and U.S. currency flows 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 Allocations of special drawing rights Statistical discrepancy (sum of above Items with sign reversed) Of w/j/cft seasonal adjustment discrepancy Memoranda: Balance on goods (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 1 1 and 25) Balance on goods, services, and income (lines 1 and 15 or lines 66 and 67) 13 Unilateral transfers, net (line 29) Balance on current account (lines 1, 15, and 29 or lines 68 and 69) 13 See footnotes to table F.3. -549 -690 -358 -4,803 -4,930 -1,489 -1,127 -1,238 -1,112 ^358 -1,489 -1,127 -1,238 -1,112 4,115 139 4,134 106 870 261 1,206 83 1,045 -91 1,135 8 870 261 1,206 83 1,045 -91 1,135 8 -296,916 -86737 -100,074 -34,997 -75,108 -358,422 -87813 -108,189 -64,234 -98,186 -50,280 -25097 -20,328 -5,047 -149,230 192 -36,289 -12,200 -23,206 -17,294 -33,589 -50,200 -26,115 -66,657 -106,413 -26,743 -14,510 -8,600 -56,560 451,234 48 49 50 51 52 53 54 55 1996 II \f IV Iffl 907 -3Uf,*Uf 14 ) 00 34 991,490 III 1997 547,555 106,568 159 231 193 738 158612 110,729 72,712 68,977 3,735 122,354 115,634 111,253 13,154 -2,125 -3,383 24,089 26,689 25,472 33,097 35,418 33,564 28,337 23,758 23,107 4381 1 258 744 720 34,008 3,265 4,722 1,278 1,285 340,505 67526 111,848 96,367 34,588 30,176 425,201 76955 172i878 133,798 31,786 9,784 93,414 17894 36,'152 29,761 7,288 -14,931 -173,560 71,703 -101,857 6,808 -35,049 -34,046 -129,095 -284 -26 258 -153,837 -30 865 192 -23,206 -17,294 -33,589 -30,200 -26,115 -66,657 -104,298 -24,628 -14,510 -8,600 -56,560 106 114 158,629 194579 158,867 13,154 -2,125 -3,383 24,089 26,689 25,472 33,097 35,418 33,564 28,337 23,758 23,107 1 258 14,198 160,641 • 16820 75^326 32,447 -2,912 38,960 130,275 92,960 17440 36|152 29,761 7,288 -30,424 -5,938 -59,848 21,149 -38,699 -2,367 -41,066 -9,103 -50,169 -49,783 22,416 -27,367 160 -4,270 2,319 135,142 26579 50798 35,115 20,610 2,040 -46,927 -19,755 -191,170 80,130 -111,040 2,824 -108,216 -39,968 -148,184 -45,252 16,993 -28,259 729 -85,193 -11 104 -20,328 -5,047 651 377 1 854 907 -27,530 -8,122 -35,652 -48,817 -23 634 7,489 -3,287 1,217 -1,922 -1,585 -204 14,198 1,789 1,701 -25,666 -12,305 -37,971 -284 1 217 1 854 651 377 907 160 -1,922 -1,585 -4,270 1,789 7,489 -5,287 134,540 25977 161,482 130,530 17661 21 700 2,319 50>98 35,115 20,610 2,040 75^326 32,447 -2,912 38,960 46,401 38,738 4,800 18,891 -25,439 -20,831 -1,076 -38,254 -7,830 -3,269 2,669 -18114 7,325 -42,064 21,828 -20,236 -2,379 -22,615 -8,656 -31,271 -47,562 19,783 -27,779 -52,493 19,977 -52,516 -1,370 -33,886 -8,947 -42,833 -48,190 21,992 -26,198 -49,787 20,670 -29,117 -3,140 -32,257 -8,709 -40,966 21 ,445 46!401 38,738 4,800 18,891 -204 1,285 883 -26,896 -8,689 -35,585 1,250 -24,948 -11,926 -36,874 D-52 • International Data September 1997 SURVEY OF CURRENT BUSINESS Table F.3.—Selected U.S. International Transactions, by Area [Millions of dollars] European Union 14 Western Europe (Credits +; debits -) » Line 1996 III 1 Exports of aoods services and income 2 3 4 5 6 7 3 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 Goods, adjusted, excluding military2 Services3 Transfers under U.S. military agency sales contracts4 Travel Passenger fares Other transportation Royalties and license fees5 Other private services5 U S Government miscellaneous services Income receipts on U S assets abroad Direct investment receipts Other private receipts U S Government receipts Imports of goods, services, and Income Goods adjusted excluding military2 Direct defense expenditures Travel Other transportation Royalties and license fees5 Other private services5 U.S. Government miscellaneous services Income payments on foreign assets in the United States Direct investment 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 (-)) US official reserve assets, net7 Special drawing rights . Reserve position in the International Monetary Fund Foreign currencies U.S. Government assets, other than official reserve assets, net U S credits and other long-term assets Repayments on U.S. credits and other long-term assets8 U.S. foreign currency holdings and U.S. short-term assets, net U S private assets net Direct investment Foreign securities U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns U.S. claims reported by U.S. banks, not included elsewhere Foreign assets In the United States, net (increase/capital Inflow (+)) Foreign official assets in the United States net U.S. Government securities9 U S Treasury securities Other 10 .... Other U.S. Government liabilities " 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 and U.S. currency flows U S securities other than U.S. Treasury securities U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking 1996 1997 \P IV 1997 1997 1996 \P IV III 80,959 82,041 66,287 72,927 73,974 35,621 38,645 27,890 32,732 22,123 879 21,287 859 19,824 946 19,826 477 18,779 456 7,091 2,274 1,870 5,427 1,621 2,062 4,678 1,444 1,959 6,484 2,164 1,516 3,717 6,256 36 4,441 6,840 37 3,857 6,897 42 20,757 10,104 10,331 322 24,051 12,891 10,956 204 -83,307 -39,823 IV III \p 20,235 21,359 23,902 35,257 39,566 38,463 35,089 6,954 6,992 9,554 16,829 20,404 20,391 17,554 578 5,598 79 5,575 72 5,374 213 10,470 163 9,635 171 8,918 162 4,816 1,518 1,614 4,247 1,371 1,554 2,194 527 353 1,804 441 397 1,602 357 431 3,338 1,319 724 2,233 822 691 1,937 819 677 3,554 5,599 32 4,231 6,113 31 3,672 6,094 37 612 1,822 11 842 2,008 11 619 2,140 12 2,025 2,884 16 2,538 3,165 15 2,271 3,037 15 23,572 11,725 11,566 281 18,571 8,646 9,655 270 21,416 11,061 10,178 177 21,331 10,379 10,711 241 7,683 3,320 4,363 8,793 4,025 4,740 28 8,974 3,980 4,994 7,958 4,014 3,780 164 9,527 5,476 3,914 137 9,154 4,916 4,097 141 -82,791 -84,147 -75,382 -75,489 -76,222 -25,806 -27,662 -29,091 -39,217 -37,311 -37,142 -41,720 -40,901 ^36,204 -37,940 ^37,268 -7,012 -7,743 -7,578 -23,171 -23,647 -23,637 -16,982 -1,801 -14,829 -1,769 -14,814 -1,794 -15,126 -1,437 -13,040 -1,465 -13,111 -1,484 -4,787 -111 -4,297 -79 -4,885 -90 -8,096 -1,202 -6,883 -1,217 -6,664 -1,224 -5,334 -2,343 -2,386 -3,254 -1,694 -2,482 -3,049 -1,753 -2,418 -4,989 -2,119 -1,936 •^3,054 -1,526 -1,932 -2,864 -1,594 -1,890 -1,421 -1,040 -1,018 -2,669 -1,509 -1,550 -854 -430 -563 -459 -632 -521 -851 -1,045 -690 -960 -679 -945 -1,137 -5,666 -1,282 -4,039 -1,287 -4,203 -946 -1,083 -3,710 -1,084 -3,924 -537 -456 -483 -478 -1,586 -277 -269 -270 -2,065 -22 -1,823 -510 -1,602 -22 -1,662 -309 ^43 -1,501 -27 -532 -3,422 -315 -211 -201 -202 -25,843 -5,876 -12,676 -7,291 -14,007 -1,997 -8,575 -3,435 -15,622 -2,635 -9,180 ^3,807 -16,628 -2,752 -9,692 -4,184 -7,950 ^3,815 -2,383 -1,752 -6,782 -2,550 -2,405 -1,827 -6,841 -2,534 -2,428 -1,879 330 265 338 190 209 157 -26,503 -7,255 -12,197 -7,051 42 -167 -316 -26,242 -5,809 -12,863 -7,570 -28,432 -6,766 -13,602 -8,064 316 -144 -297 282 288 -24 -23 -54,530 604 556 576 ^43 373 -44 309 -43 381 ^7,230 497 -51,036 -46,360 -59,015 -27,498 -35,549 -25,574 -109 -109 104 223 -28 85 -16 81 20 48 -59 140 -33 -17, 72 V198 -54,510 -16,224 -20,361 -66,326 -12,278 -3,366 -47,i519 2, 304 -16, 330 -45,951 -15,076 -19,298 -59, 79 -11, 521 -10,,293 -24,1330 -10,063 -7,862 -11,269 -60,1582 -8, 326 -24, 567 78, 202 77,314 70, J51 73,962 2, J92 3,150 r97 3 (17) 17 si;ro4 11, 489 ffl R 75, 210 15, 129 74,164 11,840 70, 215 15, 562 14, B 16,873 31, B 21, 10, 408 1,500 23, 18 10, 625 22,395 104 12 -1 21 -35 -i -15,157 -2,762 -4,446 -10,276 -1,948 -2,587 -23,326 -6,345 1,504 -4,935 -16,076 -6, 396 386 "-20,754 -4,153 -3,796 -4,460 -1,281 '"-18,485 73, )46 48,768 65, )58 58,155 12,028 6,598 6,671 (18) (;j PJ (J ) R P P -1 j P B <K (18) (18) 8, 29, 555 16,850 (18) 18 8 I 18 9,366 16,346 18) 18 (18) 18) 9,190 (18) 1, 329 38, 117 -13,298 -14,341 -25,323 -12,971 -16,030 -23,472 Balance on goods (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) 13 Unilateral transfers net (line 29) Balance on current account (lines 1,15, and 29 or lines 68 and 69) 13 -9,255 5,141 -4,114 -6,746 -9,860 42 -9,818 -6,099 6,458 359 -2,191 -1,832 -2,256 5,010 2,754 -4,860 -2,106 55 -2,051 -8,314 4,700 -3,614 -5,481 -9,095 316 -8,779 -5,208 5,739 531 -3093 -2,562 282 -2,280 -2,179 4,443 2,264 -4,512 -2,248 288 -1,960 -58 811 753 -6,324 -6,571 330 -5,241 1,278 527 -6,829 -6,303 265 -6,038 30,942 5 (18) (18) 17, 13, -20,906 -1,878 -35 1 -17,349 1. Credits, +: Exports of aoods, 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. -457 21 323 16,704 1,232 46,005 12 -25,575 -2,808 -2,013 -2, 35 _ 9,871 18 ^57 -35,(376 —11, 366 -17,'roo (18) B A -23,315 -27,498 4,158 -11,645 B 8 8\ -10,768 1 127 (18) (18) (18) 5 308 -15,032 25 2 -308 8\ -151 353 104 52 -35 88 -1 -60V -144 340 12 167 -86 255 -2 -106 -150 12 -457 -196 89 -265 -457 04 -196 —i182 -250 -256 496 -482 i 243 41 369 15 -24,509 -5,645 -12,085 -6,779 -32 55 -46 -217 -326 525 -24,053 -6,386 -11,441 -6,226 U.S. liabilities reported by U.S. banks, not included elsewhere 62 Allocations of special drawing rights 63 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above Items with sign reversed) 1997 1996 \P IV III 73,448 30,568 61 64 65 66 67 68 69 70 European Union (6) 15 United Kingdom -751 n 4,547 18 27,255 961 -3,707 18 •a R 5$ 10l 21,787 (18) 2> f*) -1,243 18 (18) 5,912 62 4,863 -27,730 6,775 1,706 15,166 1,976 489 2,465 -7,654 -5,189 338 -4,851 -6,342 2,374 ^3,968 8 -3,960 190 -3,770 -3,243 2,752 ^3,246 2,254 -491 -992 2,746 2,255 209 2,464 2,313 1,321 157 1,478 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 March 31, 1997, were as follows in millions of dollars: Line 34, 67,222; line 35,11,050; line 36,9,879; line 37,13,846; line 38, 32,447. Data are preliminary. International Data • D-53 SURVEY OF CURRENT BUSINESS September 1997 Table F.3.—U.S. International Transactions, by Area—Continued [Millions of dollars] Eastern Europe 1996 (Credits +; debits -) * Line Canada 1997 Japan Latin America and Other Western Hemisphere 1996 1997 1996 1997 1997 1996 \p III 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 Goods adjusted excluding military2 Services3 Transfers under U.S. military agency sales contracts4 Travel Passenger fares Other transportation . .... .. .. ... Royalties and license fees5 Other private services5 U.S. Government miscellaneous services Income receipts on U.S. assets abroad Direct investment receipts Other private receipts U.S. Government receipts Imports of goods, services, and Income Goods, adjusted excluding military2 Services3 Direct defense expenditures Travel Passenger fares Other transportation Royalties and license fees5 Other private services5 .. .... U.S. Government miscellaneous services Income payments on foreign assets in the United States \P 3,101 1,788 1 Exoorts of floods, services, and Income 2 IV 3,199 3,122 41,949 44,070 47,281 49,552 51,614 51,367 28,128 27,407 28,490 2,004 1,811 32,353 34,674 36,823 27,718 30,000 29,516 16,131 16,181 16,448 \f IV III IV III 1,012 208 899 87 906 97 4,953 21 4,754 18 5,521 25 9,413 96 9,173 99 8,880 113 9,619 131 8,856 96 9,584 157 270 28 93 207 35 148 173 20 125 1,628 289 729 1,359 327 732 2,025 343 728 4,135 1,119 883 3,833 1,028 897 3,544 975 837 3,832 1,695 792 3,214 1,380 846 3,486 1,737 801 35 371 7 38 373 11 38 442 11 381 1,889 16 365 1,936 17 348 2,035 17 344 2,805 31 396 2,887 33 373 3,009 29 1,354 1,803 13 1,406 1,886 28 1,345 2,039 19 301 147 77 77 296 143 89 64 405 238 98 69 4,643 2,385 2,258 4,642 2,360 2,282 4,937 2,602 2,335 12,421 4,442 7,498 481 12,441 4,445 7,842 154 12,972 4,531 8,308 133 2,378 1,033 1,334 11 2,370 946 1,418 6 2,458 1,048 1,403 7 -2,859 -3,133 -2,819 -45,954 -46,150 -48,132 -49,691 -51,207 -51,310 -39,617 -41,364 -41,308 -1,766 -2,182 -1,864 -38,910 -40,678 -42,004 -32,039 -33,372 -32,831 -28,434 -30,012 ^30,096 -783 -611 -114 -608 -100 -4,425 -12 -3,143 -11 -3,059 -10 -7,888 -7,668 -81 -3,557 -3,567 -3,569 -129 -7,826 -79 -227 -267 -300 -190 -211 -2050 -756 -665 -3,428 -3,426 -3,709 -615 -582 -611 -522 -742 -654 -818 -174 -783 -160 -788 -190 -1,134 -1,057 -1,001 -311 -869 -318 -956 -332 -935 -89 -<379 -69 -70 .. .. . 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 (-)) U.S. official reserve assets, net7 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 (+)) Foreign official assets in the United States net U.S. Government securities9 U.S. Treasury securities 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 and U.S. currency flows 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 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 goods (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) 13 Unilateral transfers net (line 29) Balance on current account (lines 1,15, and 29 or lines 68 and 69) 13 -2 -138 -16 -310 -1 -03 -49 -97 -52 -88 -131 -907 -911 -929 -4 -2 -53 -1,240 -32 -56 -1,290 -28 -62 -1,289 -28 -49 -2,984 -26 -3,057 -27 -2,451 -101 -106 -105 -2,619 -2,329 -9,764 -147 -144 -10 -11 -341 -347 -2 -99 -18 -216 -234 -246 -925 -737 -822 -618 -420 -91 -76 -9 -9 -308 -362 -1,234 -635 -3,396 -366 -226 -47 -334 -529 -7,120 -2,258 -7,324 -2,435 -7,675 -2,802 -126 -2,687 -2,685 -2,607 -41 -11 -370 -185 -267 -135 -90 -78 -386 -384 23 -15 -2,134 -2,130 -2,205 -21 -20 -21 10 -21 -90 -4,054 -13,065 -12,972 -17,778 -45,953 -7,473 2,096 -8,701 -1,453 3,500 306 -32 49 3,500 306 -32 49 135 31 -12 4 -101 -111 -169 2 i' -13,066 -2,342 -3,581 -12,972 -2,550 2,300 -24,997 ^3,677 -6,800 -46, D08 -2, 358 3,171 -6,129 -4,214 -2,929 -12,722 4,269 9,235 6,014 3 667 (18) (18) (17) \ 3) 1 (•' (18) 4 -1,055 4,777 1, 355 R R R 18) R $ R (18) 114 (18) 14 49 18 4,71 7 2,972 22 229 251 -10 242 -925 -683 3 .3 R % «a a 12 "-1,268 1 -4,056 -<3,002 1,904 -607 219 -242 86 (17) (17) R $ (17) M 11 SIT) R $ 17) 1? ( ) -33 .......... 9,232 3,800 5,347 2,581 Q 2,ffi 2,925 487 17 17 4,183 3,127 /17) 55 -285 349 -9 -254 388 1 31 -12 1, f59 -1, 333 3, 92 -8,657 -3, 353 2, 269 -11,108 -4,376 -6,992 -5,427 -6,093 -10, 262 -34, 362 -8,600 8,860 90 210 -10,625 2,348 20,583 66, 102 11,135 20, ros 13,627 28,327 443 18 335 (18) R Q B (18) -1, (18) 43 R & !71 (1«) 18 7, 81 4,231 7, B 8 291 18 65! 555 4,800 18 6,1 25 349 18 8, 254 ( ) ( ) ri -3,271 2, 561 3,880 5,987 7,935 21 -18, 172 -1,112 -178 -53 298 245 58 303 - 322 -,519 -6,557 528 -6,029 2,024 -4,005 -90 -4,095 -6,004 1,611 -4,393 2,313 -2,080 -78 -2,158 -5,181 2,462 -2,719 1,868 •4,321 1,524 -2,797 2,657 -851 -126 -977 -2,687 -2,827 -3, 372 1, 347 -2, 325 2, 433 408 -2, 385 -2,< 277 -3,315 1,211 -2,104 2,161 57 -2,607 -2,550 -140 (18) (18) 475 -737 -672 -181 (18) 27 -596 -3,258 (18) (18) 4, 4 -1,506 -148 ) 58 " 2,297 (18) 8,153 18 7,657 288 110 -45 66 -890 11 -3, 407 364 -85 -633 (18) -111 -249 -662 2 -31 9 -96 141 -1,608 -5,145 -578 -1,189 -602 7,000 -717 -255 -7,643 -910 -10,811 11 -28 26 13 -118 -1,272 -24 -7,786 -1,325 -1,526 -4,935 -1,107 -10,008 7,000 38 -19 27 30 -25 -7,626 -1,387 -1,522 -4,717 -101 -298 -24 ^3,069 -1,257 -1,283 -452 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 70 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 \P IV III 3 4,S 18 a (18) -154 R 3J2 a -449 6,394 "24"688 -11. 271 9,043 -13,946 -12, 303 -13,831 5,289 -8,542 -5,416 -13,958 -11 -13,969 -13,648 6,015 -7,633 -5,184 -12,818 6, 362 -a-241 -5,, 248 -1V(89 41 -11, {530 -111 -12,929 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 Appendix A of this section of the SURVEY OF CURRENT BUSINESS, A reconciliation of the other foreign transactions in the two sets of accounts appears in table 4.5 of the full set of NIPA tables (published annually in the August issue of the SURVEY). D-54 • International Data September 1997 SURVEY OF CURRENT BUSINESS Table F.3.—U.S. International Transactions, by Area—Continued [Millions of dollars] Australia 1996 1 Line (Credits +; debits-) Exports of goods, services, and Income 1997 1996 1997 1996 IV III 1 International organizations and unallocated " Other countries in Asia and Africa 1997 III I' IV \f IV III \P 5,643 5,568 5,214 54,282 59,243 56,374 2 Goods, adjusted, excluding military2 2,895 2,915 2,823 34,217 39,364 36,746 3 4 Services3 Transfers under U.S. military agency sales contracts 4 1,334 56 1,226 41 1,116 35 13,694 2,179 13,048 2,820 12,850 1,942 Travel ..................... Passenger fares .... Other transportation 572 137 80 452 112 80 392 100 72 3,513 562 2,145 2,406 413 2,342 2,194 358 2,250 171 122 161 Royalties and license fees5 Other private services5 U.S. Government miscellaneous services 146 341 2 160 379 2 136 379 2 1,052 4,139 105 1,039 3.949 952 5,078 77 382 861 428 874 387 897 1,413 849 564 1,428 829 599 1,276 678 598 6,371 3,836 2,162 373 6,831 4,214 2,303 314 6,777 4,030 2,432 315 2,906 1,041 1,714 151 3,184 1,295 1,743 146 2,950 1,149 1,659 142 -1,474 -991 -1,019 -1,192 -598 -687 5 6 7 8 9 10 11 12 13 14 Income receipts on U.S. assets abroad Direct investment receipts Other private receipts U.S. Government receipts 15 Imports of goods, services, and Income -1,704 -2,092 -2,129 -76,883 -74,610 -70,038 16 Goods, adjusted, excluding military2 -992 -1,168 -1,159 -63,554 -61,410 Services3 Direct defense expenditures -565 -9 -715 -17 -758 -15 -7,024 -513 -6,964 -470 -7,136 -500 4,611 4,397 1,416 2 1,427 2 1,447 3 -56,021 17 18 4,323 19 20 21 Travel Passenger fares .... Other transportation -183 -121 -80 -283 -132 -89 -325 -157 -87 -2,129 -933 -1,899 -1,998 -900 -1,849 -2,215 -971 -1,747 -322 -196 -302 22 23 24 Royalties and license fees5 Other private services5 U.S. Government miscellaneous services -8 -153 -11 -12 -171 -11 -9 -152 -12 -20 -1,337 -193 -49 -1,508 -190 -39 -1,471 -193 -574 -296 -119 -282 -1 -122 -262 -1 -147 -15 -94 -38 -209 -92 -82 -35 -213 -108 -86 -19 -6,305 ^55 -2,373 -3,577 -6,236 125 -2,347 -4,014 -6,881 -163 -2,412 -4,306 -282 404 -652 -34 -392 373 -697 -68 -332 423 -727 -28 -25 -21 -23 -3,042 -5,872 -2,913 -2,335 -2,855 -2,109 -4,279 -109 -1,484 -1,074 -122 -1,717 -97 -448 -1,790 -213 -647 -1,995 -225 -132 -1,752 -20,514 -12,325 -702 -1,345 2,667 665 -174 1,127 848 -183 -146 -28 72 1,055 25 26 27 28 29 30 31 32 33 Income payments on foreign assets in the United States Direct investment payments Other private payments U.S. Government payments Unilateral transfers, net. US Government grants 4 U.S. Government pensions and other transfers Private remittances and other transfers6 U.S. assets abroad, net (increase/capital outflow (-)) 34 35 36 37 38 U.S. Government assets, other than official reserve assets, net U.S. credits and other long-term assets Repayments on U.S. credits and other long-term assets8 U.S. foreign currency holdings and U.S. short-term assets, net 43 44 45 46 47 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 -9 -12 -8 -15 -3,164 -4,887 -595 -2,767 U.S. official reserve assets, net7 Gold Special drawing rights Reserve position in the International Monetary Fund Foreign currencies 39 40 41 42 -9 -16 -1,424 -115 -1,503 48 Foreign assets in the United States, net (Increase/capital Inflow (+)) 49 50 51 52 53 54 55 Foreign official assets in the United States net U S Government securities US Treasury securities9 Other 10 .. . Other U.S. Government liabilities11 U.S. liabilities reported by U.S. banks, not included elsewhere 12 Other foreign official assets 56 57 58 59 60 61 Other foreign assets in the United States, net Direct investment U.S. Treasury securities and U.S. currency flows 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 62 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above Items with sign reversed) -52 -404 367 -15 102 -403 464 41 47 -411 466 -8 -321 -521 -413 -413 -333 -333 -20,616 -2,910 -9,015 -1,297 -7,394 -12,372 -5,134 -3,665 -758 -699 836 -54 -841 1,873 -840 1,648 ^3,573 -1,046 -2,271 -115 5 1,335 14,309 30,103 8,569 6,482 1,130 1 -1 1 -1 8,568 ^68 6,483 -469 2 12 -3,166 -1,162 566 -141 -2,429 -4,899 -628 -2,786 -48 -1,437 -595 -605 -1,092 lii'iS -2,715 -2,188 ^,555 -372 4,400 -1,269 1,592 -1,155 29,226 (18) S «3 (18) (18) S3 R 8 •a (18) 777 (18) 212 -127 "-1,421 (18) 3 & i5 & a & -206 245 785 "-1775 519 -160 -1,312 1,903 769 2,672 1,266 3,939 -25 3,914 1,747 511 2,258 1,219 3,477 -21 3,456 1,664 358 2,022 1,063 3,085 -23 3,062 18 3 3 -1$ 1,2 i£ is 8 £ (18) -17 119 8,934 iSS 1,130 -471 <1 3 56 6,921 491 13,407 "25"743 -817 27,443 -1,200 -4381 -5,903 -5,067 -29,337 6,670 -22,667 66 -22,601 -3,042 -25,643 -22,046 6,084 -15,962 596 -15,367 -5,872 • -21,239 -19,275 5,714 -13,561 -104 -13,665 -2,913 -16,578 225 225 2,624 2,848 -2,335 513 828 828 2,792 3,621 -2,855 766 761 761 2,618 3,379 -2,109 1,270 18 861 25,354 18 18 18 18 l592 Allocations of special drawing rights 63 12 2 64 65 66 67 68 69 70 Memoranda: Balance on goods (lines 2 and 16) Balance on services (lines 3 and 17) Balance on poods 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) 13 Unilateral transfers net (line 29) Balance on current' account (lines 1, 15, and 29 or lines 68 and 69) 13 14. The "European Union" includes the "European Union (6)," United Kingdom, Denmark, Ireland, Greece, Spain, and Portugal. Beginning with the first quarter of 1995, the 'European Union' also includes Austria, Finland, and Sweden. 15. The "European Union (6)" includes Belgium, France, Germany (includes the former German Democratic Republic (East Germany) beginning in the fourth quarter of 1990), Italy, Luxembourg, Netherlands, European Atomic Energy Community, European Coal and Steel Community, and European Investment Bank. 16. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged in international shipping, in operating oil and gas drilling equipment internationally, and in petroleum trading. Also includes taxes withheld; current-cost adjustments associated with U.S. and foreign direct investment; small transactions in business services that are not reported by country; and net U.S. currency flows, for which geographic source data are not available. 17. Details not shown separately; see totals in lines 49 and 56. 18. Details not shown separately are included in line 61. NOTE.—The data in tables F.2 and F.3 are from tables 1 and 10 in "U.S. International Transactions, First Quarter 1997" in the July 1997 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from the balance of payments accounts. International Data • D-55 SURVEY OF CURRENT BUSINESS September 1997 Table FA—Private Service Transactions [Millions of dollars] Seasonally adjusted Line 1995 1996 1995 IV 1 Exports of private services 1997 1996 I II III IV \P 204,165 221,224 53,718 53,676 54,588 55,540 57,427 58,476 Travel (table F.2, line 5) Passenger fares (table F.2, line 6) Other transportation (table F 2 line 7) Freight Port services Other 63,395 19,125 27,412 11,420 14,810 1,184 69,908 20,557 27,216 11,161 14,691 1,364 17,133 5,092 7,037 3,068 3,673 296 16,712 5,087 6,555 2,649 3,565 340 17,356 4,952 6,805 2,823 3,639 342 17,659 5,237 6,716 2,747 3,625 343 18,183 5,282 7,142 2,941 3,861 339 18,621 5,316 7,058 2,918 3,771 369 8 9 10 11 12 13 14 Royalties and license fees (table F.2 line 8) Affiliated U.S. parents' receipts U.S. affiliates' receipts Unaffiliated Industrial processes 1 Other2 27,383 21,670 20,210 1,460 5,713 3,583 2,131 29,974 23,760 21,916 1,844 6,214 3,979 2,235 7,082 5,594 5,239 355 1,488 939 549 7,432 5,927 5,531 396 1,505 956 549 7,345 5,814 5,436 378 1,531 978 554 7,495 5,929 5,505 424 1,566 1,006 560 7,703 6,091 5,445 646 1,612 1,040 573 7,733 6,067 5,517 550 1,667 1,080 587 15 16 17 18 19 20 21 22 23 24 25 26 27 Other private services (table F.2, line 9) Affiliated services ........ . . U.S. parents' receipts U.S. affiliates' receipts Unaffiliated services Education Financial services .. Insurance, net Premiums received .... . Losses paid Telecommunications Business professional and technical services Other unaffiliated services3 66,850 20,272 12,795 7,477 46,578 7,512 7,029 1,390 5,524 4,133 3,183 17,765 0 ftOO y,oyy 73,569 22,810 13,763 9,047 50,759 7,807 8,034 2,121 6,179 4,058 3,405 19,247 10,145 17,374 5,280 3,329 1,951 12,094 1,887 1,977 376 1,436 1,060 824 4,558 2,472 17,890 5,623 3,494 2,129 12,267 1,916 1,847 450 1,480 1,030 863 4,681 2,510 18,130 5,571 3,429 2,142 12,559 1,938 1,938 513 1,524 1,011 854 4,734 2,583 18,433 5,777 3,410 2,367 12,656 1,998 1,925 561 1,567 1,006 838 4,847 2,486 19,117 5,840 3,431 2,409 13,277 1,955 2,325 597 1,609 1,012 850 4,985 2,565 19,748 6,198 3,753 2,445 13,550 1,992 2,203 620 1,650 1,030 845 5,279 2,612 134,523 143,086 34,245 35,406 35,549 35,873 36,257 37,837 46,053 14,433 28,249 16,759 10,579 911 48,739 15,776 28,453 16,879 10,792 783 11,784 3,764 6,918 3,955 2,743 220 12,484 3,860 6,816 4,025 2,598 193 12,099 3,943 7,253 4,414 2,647 193 11,915 3,920 7,218 4,312 2,709 198 12,241 4,053 7,166 4,130 2,838 199 13,087 4,277 7,313 4,273 2,834 205 6,503 5,128 448 4,680 1,373 962 411 7,322 5,301 553 4,748 2,021 1,126 895 1,740 1,393 126 1,267 347 249 98 1,724 1,358 117 1,241 366 267 99 1,684 1,304 137 1,167 380 279 101 2,144 1,264 136 1,128 880 288 592 1,770 1,376 164 1,212 394 292 103 1,907 1,511 167 1,344 396 291 106 39,285 13,597 6,820 6,777 25,689 949 2,472 5,383 15,187 9,804 7,773 4,691 4,420 42,796 16,026 7,505 8,521 26,770 1,041 3,184 4,387 15,473 11,086 8,385 5,253 4,520 10,039 3,519 1,773 1,746 6,520 249 656 1,195 3,826 2,631 2,015 1,255 1,151 10,522 3,877 1,914 1,963 6,645 253 774 1,188 3,816 2,629 2,127 1,234 1,070 10,570 3,945 1,788 2,157 6,625 256 781 1,089 3,833 2,745 2,103 1,278 1,119 10,676 4,073 1,935 2,138 6,603 262 769 1,047 3,877 2,830 2,066 1,335 1,122 11,027 4,130 1,867 2,263 6,897 269 859 1,064 3,947 2,884 2,089 1,406 1,210 11,253 4,199 1,840 2,359 7,054 275 874 1,139 4,046 2,907 2,076 1,540 1,149 -173,560 69,642 -103,918 -191,170 78,138 -113,032 -38,781 19,473 -19,308 •42,925 18,270 -24,655 -47,562 19,039 -28,523 -52,493 19,667 -32,826 -48,190 21,170 -27,020 -49,787 20,639 -29,148 2 3 4 5 6 7 28 ... . .. .... ..... ... Imports of private services 29 30 31 32 33 34 Travel (table F.2, line 19) .. Passenger fares (table F.2, line 20) Other transportation (table F.2, line 21) Freight Port services Other 35 36 37 38 39 40 41 Royalties and license fees (table F 2 line 22) Affiliated . U.S. parents' payments U S affiliates' payments Unaffiliated Industrial processes 1 Other2 42 43 44 45 46 47 48 49 50 51 52 53 54 Other private services (table F.2, line 23) Affiliated services U.S. parents' payments U.S. affiliates' payments Unaffiliated services Education Financial services Insurance, net Premiums paid Losses recovered Telecommunications Business, professional, and technical services Other unaffiliated services3 55 56 57 Memoranda: Balance on goods (table F.2, line 64) Balance on private services (line 1 minus line 28) Balance on goods and private services (lines 55 and 56) ....... .... p Preliminary. 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 govern- ments 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. NOTE.-The data in this table are from table 3 in "U.S. International Transactions, First Quarter 1997" in the July 1997 issue of the SURVEY OF CURRENT BUSINESS, which presents the most recent estimates from the balance of payments accounts. D-56 • International Data September 1997 SURVEY OF CURRENT BUSINESS G. Investment Tables. Tables G.2 and G.4 are not included among the "Investment Tables" this month. The data in these tables are reproduced in more detail in "U.S. Direct Investment Abroad: Detail for Historical-Cost Position and Related Capital and Income Flows, 1996" and "Foreign Direct Investment in the United States: Detail for Historical-Cost Position and Related Capital and Income Flows, 1996" elsewhere in this issue. Table G.1,-International Investment Position of the United States at Yearend, 1995 and 1996 [Millions of dollars] Changes in position in 1996 (decrease (-)) Attributable to: Position 1995' Type of investment Line Valuation adjustments Capital flows Net international investment position of the United States: With direct investment positions at current cost (line 3 less line 24) ... With direct Investment positions at market value (line 4 less line 25) 3 4 U.S. assets abroad: With direct investment positions at current cost (lines 5+10+15) With direct investment positions at market value (lines 5+10+16) 5 6 7 8 9 U.S. official reserve assets Gold Special drawing rights Reserve position in the International Monetary Fund Foreign currencies (b) 24 25 -670,524 -831,303 121,367 267,858 -21,849 -45,567 -3,964 9,373 447,998 584,108 3,720,729 4,284,540 -4,581 -4,581 -4,073 -15,322 96,698 -725 786 -10,802 160,739 657 796 834 ^38 -139 82,554 80,754 80,012 742 1,800 Direct investment in the United States: At current cost At market value U S Treasury securities U S currency U.S. securities other than U.S. Treasury securities Corporate and other bonds ... . Corporate stocks U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns. U S. liabilities reported by U S banks not included elsewhere p Preliminary. ' Revised. 1. Represents gains or tosses on foreign-currency-denominated assets due to their revaluation at current exchange rates. 2. Includes changes in coverage, statistical discrepancies, and other adjustments to the value of assets. 3. Reflects changes in the value of the official gold stock due to fluctuations in the market price of gold. 4. Also includes paid-in capital subscriptions to international financial institutions and outstanding -6,668 690 796 846 -50 -106 358,422 358,422 125,948 272,439 -17,742 -41,460 -3,965 9,372 462,663 3,477,436 598,773 4,041,247 884,290 1,311,991 1,054,352 355,284 699,068 307,982 87,813 87,813 108,189 49,403 58,786 64,234 7,375 153,866 118,573 806 117,767 -4,726 -28,444 -7,675 -7,521 -154 -8,161 -3,954 9,383 86,508 222,618 219,087 42,688 176,399 61,073 970,798 1,534,609 1,273,439 397,972 875,467 369,055 98,186 -2,180 -11 95,995 864,144 547,555 547,555 89,329 228,795 346 772 -6,410 809 122,354 115,634 111,253 4,381 720 4,722 1,278 4,345 -4,333 -3,802 -531 3,281,982 3,659,461 425,201 425,201 84,984 224,450 346 772 654,502 1,031,981 389,383 192,300 999,537 534,116 465,421 232,891 76,955 76,955 155,578 17,300 133,798 121,194 12,604 31,786 5,356 144,822 -14411 -426 94,039 721 93,318 -1,887 -1,887 813,369 33 34 Other foreign assets: With direct investment at current cost (lines 35+37+38+39+42+43) With direct investment at market value (lines 36+37+38+39+42+43) .... . . 352,444 352,444 678,451 498,906 471,508 27,398 25,225 107,394 46,926 Foreign official assets in the United States U o Government securities . U.S. Treasury securities Other Other U.S. Government liabilities7 U.S. liabilities reported by U.S. banks, not included elsewhere Other foreign official assets -182,822 -193,823 3,960,433 4,337,912 26 27 28 29 30 31 32 43 2,446 8,564 768,149 .. Foreign assets In the United States: With direct investment at current cost (lines 26+33) With direct investment at market value (lines 26+34) 35 36 37 38 39 40 41 42 -22,195 -46,339 3,014,773 3,442,474 Direct investment abroad: At current cost At market value . Foreign securities Bonds Corporate stocks U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns. U.S. claims reported by U.S. banks, not included elsewhere 23 32,038 39,063 -687,702 -195,111 -637,480 -195,111 81,897 79,958 79,178 780 1,939 U.S. private assets: With direct investment at current cost (lines 17+19+22+23) With direct investment at market value (lines 18+19+22+23) 17 18 19 20 21 22 (a+b+c+d) (d) 176,061 101,279 11,037 14,649 49,096 U.S. foreign currency holdings and U.S. short-term assets 15 16 (c) 3,272,731 3,700,432 U.S. Government assets, other than official4 reserve assets U.S. credits and other long-term assets Repayable in dollars 10 11 12 13 14 Position 1996" Price Exchange Other rate changes changes 1 changes2 (a) 1 2 Total 9,784 ^370 1,280 -7,578 3 -355 -494 -3,224 -34 -1 -1 -33 H&'i 1 1 -12 13 -1 805,149 610,207 578,959 31,248 25,944 112,116 56,882 -6,409 810 504,122 651,233 3,786,104 4,310,694 -7,335 -116 74,550 221,661 141,167 17,300 225,950 120,028 105,922 38,644 729,052 1,253,642 530,550 209,600 1,225,487 654,144 571,343 271,535 6,511 819,880 8,678 ^3,273 630,820 4,591,253 777,931 5,115,843 126,698 111,301 107,451 3,850 719 4,722 9,956 -1 5,932 10,312 15,435 38,294 926 amounts of miscellaneous claims that have been settled through international agreements to be payable to the U.S. Government over periods in excess of 1 year. Excludes World War I debts that are not being serviced. 5. Includes indebtedness that the borrower may contractually, or at its option, repay with its currency, with a third country's currency, or by delivery of materials or transfer of services. 6. Primarily U.S. Government liabilities associated with military sales contracts and other transactions arranged with or through foreign official agencies. NOTE.—The data in this table are from table 1 in "International Investment Position of the United States in 1996" in the July 1997 issue of the SURVEY OF CURRENT BUSINESS. International Data • SURVEY OF CURRENT BUSINESS September 1997 Table G.3.—Selected Financial and Operating Data for Nonbank Foreign Affiliates of U.S. Companies, by Country and by Industry of Affiliate, 1994 Millions of dollars Number of affiliates All countries, all industries Total assets Sales 21,300 2,359,964 1,754,852 Net income 94,031 Number of employees (thousands) 6,957.7 By country Canada 2,064 218,783 210,892 7,341 886.7 10,468 1,227 1,361 756 1,008 519 2,430 1,288,830 100,722 179,272 47,454 121,297 102,896 542,862 897,439 106,478 196,851 89,034 52,039 226,857 45,769 1,997 4,248 1,904 8,046 6,764 11,761 2,844.3 390.5 581.7 177.9 148.9 3,252 271,881 182,453 19,484 1,492.2 19,830 17,450 1,451 115.0 343 28,602 18,000 2,058 4,574 838 986 517,250 67,537 260,817 421,230 59,789 196,724 17,460 2,516 3,045 1,511.1 251.0 419.6 104 14,788 467 24.7 Petroleum 1,507 252,462 293,661 9,752 228.1 Manufacturing Food and kindred products Chemicals and allied products Primary and fabricated metals Industrial machinery and equipment Electronic and other electric equipment Transportation equipment Other manufacturing 8,105 800 1,935 724 1,033 846 453 2,314 681,082 92,563 146,983 31,600 98,935 53,079 118,889 139,031 845,487 104,910 151,358 29,769 128,553 73,379 207,917 149,601 40,835 6,614 11,465 1,147 3,998 4,027 5,936 7,647 4,116.2 559.6 578.5 189.7 488.6 605.5 738.7 955.5 556.5 Europe France Germany Italy Netherlands Switzerland United Kingdom..., Latin America and Other Western Hemisphere Africa Middle East Asia and Pacific Australia japan International 50.7 83.7 By industry ,. Wholesale trade 5,035 184,956 314,186 12,080 Finance (except depository institutions), insurance, and real estate 2,688 979,910 91,303 25,194 172.8 Services 2,504 100,164 82,041 1,728 746.7 1,461 161,391 128,173 4,443 1,137.4 Other industries .... NOTE.-The data in this table are from tables II.A.1 and II.A.2 in U.S. Direct Investment Abroad: 1994 Benchmark Survey, Preliminary Results. D-57 D-58 • International Data SURVEY OF CURRENT BUSINESS September 1997 Table G.5.—Selected Financial and Operating Data of Nonbank U.& Affiliates of Foreign Companies, by Country of Ultimate Beneficial Owner and by Industry of Affiliate, 1995 Millions of dollars Millions of dollars Number of affiliates 12,497 All countries, all industries Total assets 2,383,612 Sales 1,561,879 Net income 15,608 Gross product 326,955 Thousands of employees 4,928.3 U.S. U.S. exports of goods shipped by affiliates imports of 136,702 shipped to 254,895 By country Canada 1,286 267,378 141,292 2,446 36,532 703.7 5,402 13,565 Europe France Germany ... Netherlands Switzerland United Kingdom 5,363 668 1,291 394 603 1,205 1,327,437 232,662 210,408 154,877 229,335 381,241 832,286 111,966 161,099 98,084 92,343 264,355 14,273 1,053 1,331 2,790 8,101 202,361 24,178 37,182 28,013 18,624 71,049 2,991.0 348.2 580.6 334.2 308.3 986.5 59,344 14,882 12,308 5,357 6,398 11,728 86,349 11,255 27,753 8,730 7,847 14,367 1,078 75 265 53,830 8,661 9,593 52,067 3,903 8,540 917 89 -20 13,345 213 1,798 166.6 4.3 10,126 35.6 6,193 866 661 345 2,393 20.8 551 723 4,861 46.6 641 4,628 63,933 877 55,519 138,425 638 1,079 ... Latin America and Other Western Hemisphere Brazil Mexico -137 68 United States 18,121 598,404 37,003 519,577 489,928 22,209 418,656 -5,027 -3,621 62,558 4,211 52,000 77 Asia and Pacific Australia Japan 10,495 25,516 4,212 172 3,241 Middle East (°) 414 Africa (°) 17,690 2,851 4,904 -198 -577 954.6 73.6 758.2 44.9 1,310 2,182 1,110 119,942 By industry 240 Food and kindred products Chemicals and allied products Primary and fabricated metals Machinery Other manufacturing 131,889 2,419 30,525 105.7 9,956 19,522 587,049 562,151 9,824 156,991 2,276.8 55,561 81,790 252 331 396 739 1,178 Manufacturing . 104,358 2,896 Petroleum 57,195 191,614 55,979 96,130 186,132 50,879 131,892 70,086 123,167 186,128 632 3,903 1,547 176 3,566 12,229 39,768 17,804 32,163 55,028 228.6 407.1 246.9 541.6 852.6 2,790 13,778 3,988 18,861 16,144 3,238 13,582 29,219 27,734 8,018 2,228 222,616 466,192 174 39,135 455.5 65,500 148,735 Retail trade 353 47,982 93,624 759 23,951 759.1 1,793 3,742 Finance, except depository institutions 874 568,216 45,074 1,392 2,910 45.3 18 25 0 Wholesale trade 167 514,601 88,149 3,570 8,557 148.2 0 Real estate 3,494 96,852 14,184 -2,283 5,574 24.9 9 1 Services 1,250 110,674 59,264 -1,975 23,753 633.0 492 690 131.264 101.352 1.729 35.561 479.9 3.372 389 Insurance Other industries D . ... 995 Suppressed to avoid disclosure of data of individual companies. NoiE.-The data in this table are from tables A1 and A2 in Foreign Direct Investment in the United States: Operations of U.S. Affiliates of Foreign Companies, Preliminary 1995 Estimates. September 1997 International Data • SURVEY OF CURRENT BUSINESS D-59 Ho International Perspectives. Table H.1.—International Perspectives 1997 1996 1995 1996 June May July Aug. Sept. Oct. Nov. Dec. ' Jan. Feb. May Apr. Mar. June Exchange rates per U.S. dollar (not seasonally adjusted) Canada (Can.$/US$) France (FFr/US$) Germany (DM/US$) Italy (L/US0J Japan (¥/US0) Mexico (Peso/US$) United Kingdom (US$/£) Addendum: Exchange value of the U.S. dollar1 ... 1.3725 1.3638 1.3693 1.3658 1.3697 1.3722 1.3694 1.3508 1.3381 1.3622 4.9864 5.1158 5.1855 5.1787 5.0881 5.0636 5.1307 5.1652 5.1156 5.2427 1.4321 1.5049 1.5324 1.5282 1.5025 1.4826 1.5080 1.5277 1.5118 1.5525 16.2945 15.4276 15.5671 15.4230 15.2682 15.1662 15.2048 15.2382 15.1366 15.2844 .9396 1.0878 1.0634 1.0896 1.0919 1.0787 1.0993 1.1241 1.1230 1.1398 6.4467 7.6004 7.4368 7.5648 7.6179 7.5143 7.5441 7.7345 7.9119 7.8769 1.5785 1.5607 1.5152 1.5416 1.5530 1.5499 1.5593 1.5863 1.6623 1.6639 84.25 87.34 88.28 88.16 87.25 86.54 87.46 87.99 86.98 88.71 1.3494 5.4145 1.6047 15.6791 1.1791 7.8289 1.6585 1.3556 5.6536 1.6747 16.5500 1.2296 7.8023 1.6285 1.3725 5.7154 1.6946 16.9121 1.2277 7.9562 1.6096 1.3942 5.7672 1.7119 16.9452 1.2564 7.9059 1.6293 1.3804 5.7482 1.7048 16.8433 1.1919 7.9037 1.6322 1.3842 5.8307 1.7281 16.9499 1.1435 7.9498 1.6447 91.01 94.52 95.60 96.39 95.29 95.44 Unemployment rates (percent, seasonally adjusted) Canada .... France Germany Italy Japan Mexico United Kingdom 9.6 11.6 9.4 12.0 3.1 6.3 8.2 9.7 12.3 10.4 12.1 3.4 5.5 7.5 9.4 12.3 10.2 12.2 3.5 5.4 7.7 10.0 12.4 10.3 9.9 12.4 10.3 3.5 5.6 7.7 Addendum: United States „ 5.6 5.4 5.5 5.3 9.7 12.5 10.9 5.2 7.2 10.0 12.5 10.8 12.0 3.3 5.2 6.9 S3 5.0 6.7 £5 4.6 6.5 3.3 4.1 6.2 3.2 4.2 6.1 3.3 4.1 5.9 3.6 3.9 5.8 3.5 3.3 5.7 5.2 5.3 5.3 5.4 5.3 5.2 4.9 4.8 5.0 10.0 12.5 10.5 10.0 12.5 10.6 3.4 5.4 7.6 9.5 12.4 10.4 12.1 3.3 5.0 7.5 £3 5.2 7.4 53 5.4 5.2 5.2 9.7 12.5 11.3 9.7 12.5 11.3 12.2 9.3 12.5 11.2 9.6 12.5 11.2 9.5 12.5 11.4 12.4 9.1 12.6 11.4 Consumer prices, (seasonally adjusted, 1990 = 100) Canada France Germany (1991=100) Italy japan Mexico United Kinadom 111.8 111.6 114.8 127.7 107.0 224.5 118.2 113.5 113.8 116.5 132.7 107.1 301.7 121.1 113.6 114.2 116.5 132.9 107.2 296.1 121.2 113.5 114.1 116.6 133.2 107.1 300.9 121.3 113.5 113.9 117.0 132.9 107.4 305.2 120.8 113.6 113.6 116.9 133.0 107.1 309.3 121.4 113.8 114.0 116.8 133.2 107.1 314.2 121.9 114.0 114.3 116.8 133.4 107.2 318.2 121.9 114.5 114.2 116.7 133.9 107.3 323.0 122.0 114.5 114.4 117.0 133.9 107.5 333.3 122.4- 114.8 114.7 117.6 134.3 107.5 341.9 122.4 114.9 114.9 118.1 134.6 107.5 347.6 122.9 115.2 115.0 117.9 134.8 107.4 352.0 123.2 115.2 115.0 117.9 134.9 109.1 355.8 123.9 115.3 115.2 118.4 135.3 109.2 359.0 124.4 115.5 115.2 118.6 135.3 109.6 362.2 124.9 Addendum: United States 116.6 120.0 119.8 119.9 120.2 120.5 120.8 121.2 121.5 121.8 122.0 122.3 122.4 122.5 122.5 122.7 Real gross domestic product (percent change from preceding quarter, seasonally adjusted at annual rates) Canada France Germany Italy Japan Mexico United Kingdom 2.3 2.1 2.0 3.0 1.4 -6.2 2.7 1.5 1.5 1.4 .6 3.5 5.1 2.3 1.4 -.6 6.1 -2.0 -1.1 3.6 2.3 3.3 3.3 3.0 3.2 1.3 7.4 2.2 2.9 .9 .3 -2.0 3.8 6.0 4.3 3.4 1.0 1.8 -9 6.6 3.3 3.9 Addendum: United States 2.0 2.8 6.0 1.0 4.3 4.9 See footnotes at end of table. 3.6 D-60 • International Data September 1997 SURVEY OF CURRENT BUSINESS Table H.1.—International Perspectives—Continued 1997 1996 1995 1996 May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May June Short-term, 3-month, interest rates, (percent, not seasonally adjusted) Canada France Germany Italy japan Mexico United Kingdom 4.43 3.94 3.31 8.82 4.78 3.90 3.29 8.92 4.83 3.97 3.39 8.77 4.69 3.84 3.38 8.75 4.24 3.96 3.29 8.81 4.06 3.75 3.12 8.44 3.49 3.51 3.12 8.02 3.00 3.47 3.19 7.41 3.08 3.44 3.23 7.25 3.11 3.35 3.14 7.23 3.10 3.33 3.19 7.36 3.20 3.36 3.26 7.43 3.41 3.40 3.23 7.13 3.29 3.48 3.17 6.83 3.22 3.43 3.14 6.88 48.24 .59 32.91 .64 31.07 .57 29.64 .68 31.66 .64 29.16 .54 27.79 .52 27.68 .52 28.94 .52 26.51 .53 24.60 .55 21.96 .56 22.32 .56 22.37 58 20.59 .61 21.40 6.68 6.02 6.02 5.84 5.73 5.74 5.77 5.93 6.30 6.35 6.32 6.19 6.20 6.37 6.44 6.66 5.51 5.02 5.02 5.11 5.19 5.09 5.15 5.01 5.03 4.87 5.05 5.00 5.14 5.17 5.13 4.92 7.07 6.58 4.53 10.46 1.23 Addendum: United States Long-term interest rates, government bond yields (percent, not seasonally adjusted) Canada France Germany 3.21 7.54 6.51 6.10 8.85 2.98 7.99 6.71 6.30 9.12 3.16 8.04 6.84 6.40 8.94 3.17 7.92 6.59 6.40 8.82 3.32 7.57 6.62 6.20 8.92 2.96 7.64 6.20 6.10 8.62 2.81 7.00 6.11 5.90 7.78 2.51 6.48 5.79 5.80 7.15 2.44 8.25 8.10 8.35 8.35 8.25 8.15 8.16 7.88 6.57 6.44 6.74 6.91 6.87 6.64 6.83 6.53 8.36 7.66 6.80 11.79 Japan Mexico United Kingdom Addendum: United States .. 6.81 5.82 5.70 6.95 2.57 6.99 5.69 5.70 6.76 2.38 6.74 5.39 5.40 6.93 2.40 6.92 5.80 5.60 7.55 2.27 7.09 5.93 5.70 7.37 2.36 6.90 5.96 5.60 7.02 2.55 6.63 5.67 5.60 6.82 7.81 7.70 7.74 7.38 7.62 7.77 7.22 7.17 6.20 6.30 6.58 6.42 6.69 6.89 6.71 6.49 187.0 149.0 154.4 188.0 151.0 . 2.37, Share price indices (not seasonally adjusted, 1990=100) Canada France Germany Italy japan Mexico United Kingdom Addendum: United States 159.0 69.0 63.0 64.0 63.0 63.0 577.3 170.0 589.5 171.0 639.7 176.0 673.7 179.0 657.4 182.0 658.9 179.0 696.1 185.0 781.9. 186.0 212.0 213.0 220.0 228.0 227.0 219.0 236.0 249.0 78.0 97.0 75.0 93.0 73.0 92.0 72.0 96.0 73.0 99.0 72.0 562.2 168.0 563.2 167.0 527.4 163.0 579.8 167.0 567.6 170.0 563.6 173.0 193.0 195.0 188.0 193.0 197.0 204.0 1. Index of weighted average exchange value of U.S. dollar against currencies of other G-10 countries. March 1973-100. Weights are 1972-76 global trade of each of the 10 countries. Series revised as of August 1978. For description and back data, see: Index of the weighted-average exchange value of the U.S. dollar: Revision" on page 700 of the August 1978 Federal Reserve Bulletin. 175.0 145.0 145.7 116.0 176.0 125.0 121.9 195.0 389.3 147.0 171.0 148.0 145.8 114.0 164.0 121.0 120.3 554.8 167.0 96.0 74.0 180.0 145.0 138.9 119.0 155.0 116.0 116.7 77.0 95.0 63.0 179.0 135.0 130.0 114.0 150.0 114.0 115.0 147.0 120.0 115.0 102.0 154.0 118.0 115.6 173.0 128.0 124.9 100.0 144.0 116.0 114.0 153.0 120.0 112.9 102.0 130.0 103.0 102.4 e&ii 1605 mo NOTE.—All exchange rate are from the Board of Governors of the Federal Reserve System. U.S. interest rates, unemployment rate, and GDP growth rate are from the Federal Reserve, the Bureau of Labor Statistics, and BEA, respectively. All other data (including U.S. consumer prices and U.S. share prices, both of which have been rebased to 1990 to facilitate comparison) are © OECD. August 1997, OECD Main Economic Indicators and are reproduced with permission of the OECD, September 1997 SURVEY OF CURRENT BUSINESS International Data • D-61 I. Charts- THE U.S. IN THE INTERNATIONAL ECONOMY Billion $ COMPONENTS OF CURRENT ACCOUNT BALANCE 82 83 84 85 86 87 88 89 90 91 92 93 94 951 96' 97 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 Billion $ 50 US. DIRECT INVESTMENT ABROAD AND FOREIGN DIRECT INVESTMENT IN THE U.S. Billion $ 40- 30FDIUS 20- 10- -20 -10 82 83 84 85 86 87 88 89 90 91 '92 * 9 3 ' 94* 9s' 96* 97 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 Billk)n$ 300 Billion $ 5000 EXPORTS AND IMPORTS NET INTERNATIONAL INVESTMENT POSITION VALUED AT CURRENT COST 4000250- Foreign assets in the United States 3000200- 2000U..S. assets abroad Imports 150- 1000. , Net investment position 100- -1000 50 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 U.S. Department of Commerce, Bureau of Economic Analysis 82 83 84 85 86 8788 89 90 91 92 93 94 9s'96' 97 D-62 • Regional Data SURVEY OF CURRENT BUSINESS September 1997 Regional Data J« State and Regional Tables. The tables in this section include the most recent estimates of State personal income and gross state product. The sources of these estimates are as noted. Table K.i. is not included in "Regional Data" this month, in order to accommodate the comprehensive revision of local area personal income; it is included as table i in the article "Comprehensive Revision of Local Area Personal Income, 1969-95" elsewhere in this issue. The quarterly and annual State personal income estimates and the gross state product estimates are available on diskettes or CD-ROM. For information on personal income, e-mail reis.remd@bea.doc.gov; write to the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; or call (202) 606-5360. For information on gross state product, e-mail gspread@bea.doc.gov; write to the Regional Economic Analysis Division, BE-6i, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230; or call (202) 606-5340. Table J.1.—Personal Income and Nonfarm Personal Income for States and Regions Personal income Nonfarm personal income1 Millions of dollars State and region Percent change2 1995 I United States II III IV I Percent change2 Millions of dollars 1997 1996 1997 1996 1996:1111996:IV 199&IV1997:1 1996:1111996:IV 1996:IV1997:1 6,064,095 6,250,201 6,348,303 6,432,685 6,521,033 6,635,780 1.4 1.8 400,015 113,504 27,063 188,528 32,186 25,536 13,199 2.6 2.4 2.0 2.9 2.3 2.7 1.2 1.4 1.6 1.9 1.4 1.1 1.2 .8 1995 I II III IV I 1.4 1.7 113!665 27,092 188,677 32,229 25,569 13,324 2.5 2.4 2.0 2.9 2.3 2.7 1.1 1.4 1.6 1.9 1.4 1.1 1.2 .7 Mideast .... Delaware District of Columbia Maryland New Jersey New York Pennsylvania 1,193,674 1,227,058 1,243,443 1,253,561 1,275,951 1,299,521 20,976 20,953 20,325 19,810 19,460 18,843 19,692 18,541 19,344 19,112 18,690 18,891 144,137 132,784 141,321 137,479 138,923 135,873 258,565 249,771 253,706 248,063 243,579 237,155 546,903 523,037 537,486 517,826 501,965 526,050 309,249 303,141 296,365 291,430 299,380 284,386 1.8 3.1 1.2 1.7 1.6 2.2 1.3 1.8 .1 1.8 2.0 1.9 1.8 2.0 1,191,927 1,224,949 1,241,184 1,250,929 1,273,301 1,297,064 20,761 20,692 19,624 20,101 19,310 ' 18,716 19,692 19,344 19,112 18,541 18,891 18,690 143,754 140,902 135,571 138,501 137,132 132,556 258,278 243,332 236,871 253,386 249,461 247,799 546,178 536,742 522,371 525,278 517,153 501,465 308,402 302,234 290,692 298,476 295,569 283,778 1.8 2.9 1.2 1.7 1.6 2.2 1.3 1.9 .3 1.8 2.0 1.9 1.8 2.0 Great Lakes Illinois ... Indiana . Michigan Ohio Wisconsin 1,016,245 1,042,980 1,060,792 1,076,992 1,086,269 1,101,821 326,464 312,785 309,018 298,413 321,479 317,746 127,654 124,384 134,949 130,293 133,413 132,235 245,862 242,525 231,988 228,369 240,205 237,551 251,037 270,825 261,082 266,775 265,506 256,906 117,414 114,042 123,720 122,077 121,300 119,081 .9 1.2 .9 1.0 .5 .6 1.4 1.6 1.2 1.4 1.5 1.3 1,014,483 1039045 1,056,591 1,071,856 1,081,107 1,096,656 323,933 310,942 319,003 307,193 298,300 315,399 133,958 132,441 126,864 124,297 131,185 129,400 245,490 242,132 237,231 231,735 239,806 227,829 270,043 265,990 264,695 260,398 256,259 250,313 123,231 121,541 120,772 118,620 113,744 116,993 .9 1.1 1.0 1.0 .5 .6 1.4 1.5 1.1 1.4 1.5 1.4 447,747 66,314 62,063 123,250 126,845 39,368 13,658 16,248 .9 .6 1.3 .4 1.5 1.5 -.7 .6 1.4 1.3 1.5 1.7 1.4 1.1 1.0 .7 436,023 63,073 60,531 121,675 126,168 36,798 12,794 14,983 .9 .7 1.3 .6 1.5 .5 .4 .3 1.6 1.7 1.6 1.8 1.4 1.8 1.7 1.6 1,333,148 1,374,664 1398339 1,420,260 1,436,065 1,461,790 88,735 87,460 83,713 ' 85J38 86,605 81,578 49,080 48,561 45,968 48,019 47,435 44,958 359,056 340,377 352,426 349,360 344,040 326,668 174,044 161,706 156,555 171,219 169,268 165,948 79,666 77,971 76,082 72,762 77,351 74,545 89,225 84,367 82,422 87,736 86,936 85,977 48,826 48,117 46,307 44,998 47,990 47,251 168,862 151,841 165,475 162,305 160,508 156,960 75,813 72,562 74,740 73,956 71,325 69,786 120,353 118,371 114,904 116,932 112,918 110,579 173,304 165,084 169,761 167,580 163,428 158,669 34,824 34,228 33,956 33,051 32,333 33,409 1.1 1.0 1.1 .9 1.2 .8 .9 .3 2.0 1.1 1.2 1.3 .8 1.8 1.5 1.1 1.9 1.7 2.2 1.7 1.5 2.0 1.4 1.7 2.1 1.7 1,321,257 1,364,109 1,385,283 1,405,667 1,421,905 1,448,119 87,546 82,824 86,233 85,385 84,089 80,733 47,319 46,662 44,747 43,642 46,185 45,615 357,222 342,184 347,371 338,810 350,416 324,770 171,966 169,062 167,167 164,132 160,189 154,619 78,795 76,287 73,887 77,181 71,948 75,309 88,639 85,280 81,917 87,119 83,838 86,151 48,050 47,044 45,647 47,311 44,476 46,426 165,494 162,052 157,434 154,472 158,885 148,958 70,997 75,415 74,336 73,553 72,191 13,766 120,110 118,122 114,641 116,669 112,663 110,258 162,974 172,739 164,570 169,188 167,018 158,195 34,823 34,224 32,324 33,061 33,951 33,413 1.2 1.0 1.0 .9 1.1 1.2 1.1 .6 2.0 1.1 1.2 1.3 .8 1.8 1.5 1.4 1.9 1.7 2.1 1.7 1.6 2.1 1.5 1.7 2.1 1.7 New England Connecticut Maine ... Massachusetts New Hampshire Rhode Island Vermont Plains .. Iowa Kansas. Minnesota Missouri Nebraska North Dakota South Dakota Southeast Alabama Arkansas Florida .. Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia . West Virginia 6,097,977 6,288,308 6,391,982 6,481,739 6,569,606 6,682,383 364,595 104,056 24,957 170,185 29,381 23,601 12,415 403,508 59,453 56,028 110,494 116,154 35,161 11,945 14,272 374,082 107,073 25,422 174,619 30,111 24,071 12,786 422,421 62,852 58,461 115,870 120,235 37,026 12,835 15,142 108!441 25,746 178,636 30,586 24,495 12,943 430,067 63,810 59,241 118,451 121,968 37,773 13,230 15,594 385,139 109,302 26,072 180,917 31,163 24,600 13,085 437,380 65,054 60,344 120,696 123,282 38,353 13,623 16,030 394,950 111,880 26,592 186,114 31,876 25,261 13,227 441,521 65,470 61,143 121,232 125,091 38,930 13,521 16,133 363,938 103,862 24,846 170,031 29,331 23,560 12,308 398,882 58,233 55,341 109,853 116,070 33,902 11,717 13,766 373,620 106,925 25,411 174,488 30,074 24,044 12,678 413,310 60,321 57,296 114,497 119,670 35,199 12,062 14,265 380,318 108,272 25,722 178,491 30,546 24,464 12,823 419,365 60,850 57,968 116,702 121,379 35,582 12,361 14,523 384,515 109,104 26,036 180,755 31,120 24,564 12,936 425,055 61,624 58,819 118,760 122,642 35,978 12,534 14,697 394,346 111,687 26,554 185,955 31,833 25,227 13,090 429,041 62,046 59,571 119,477 124,456 36,158 12,586 14,747 Southwest Arizona New Mexico Oklahoma Texas ... 575,072 86,420 30,685 60,901 397,067 596,709 90,932 31,719 62,519 411,539 605,627 92,149 31,895 63,486 418,097 616,530 93,752 32,341 64,373 426,064 623,581 94,466 32,434 64,864 431,817 634,676 95,791 33,037 66,140 439,708 1.1 .8 .3 .8 1.4 1.8 1.4 1.9 2.0 1.8 571,617 85,769 30,396 60,528 394,925 593,908 90,360 31,450 62,284 409,814 602,690 91,509 31,595 63,265 416,322 613,397 93,022 32,008 64,094 424,273 620,630 93,834 32,112 64,617 430,068 631,816 95,192 32,700 65,895 438,030 1.2 .9 .3 .8 1.4 1.8 1.4 1.8 2.0 1.9 Rocky Mountain Colorado Idaho .... Montana Utah Wyoming , 173,325 89,771 21,993 16,052 35,577 9,932 179,489 93,343 22,681 16,385 37,069 10,011 182,954 95,099 23,197 16,568 37,930 10,160 186,548 97,032 23,409 16,874 38,895 10,338 189,028 98,310 23,489 17,089 39,689 10,452 192,893 100,346 23,935 17,394 40,633 10,585 1.3 1.3 .3 1.3 2.0 1.1 2.0 2.1 1.9 1.8 2.4 1.3 171,618 89,340 21,315 15,720 35,397 9,846 181,344 178,072 93,058 . 94,795 21,945 22,327 16,187 16,360 36,916 37,768 10,094 9,966 184,870 96,693 22,508 16,673 38,719 10,278 187,345 97,968 22,620 16,859 39,518 10,379 191,247 99,999 23,126 17,137 40,470 10,515 1.3 1.3 .5 1.1 2.1 1.0 2.1 2.1 2.2 1.6 2.4 1.3 1,038,409 1,070,906 1,089,914 1,105,330 1,122,241 1,143,379 14,972 14,804 14,623 14,680 14,488 14,715 835,398 783,752 760,431 819,731 807,064 796,953 30,523 29,424 29,184 29,943 29,926 29,662 42,838 40,374 39,402 41,878 41,252 37,319 76,279 70,535 67,870 74,638 73,493 71,900 143,369 141,247 129,117 138,880 136,346 133,170 1.5 .6 1.6 .1 1.5 1.6 1.7 1.9 1.1 1.9 1.9 2.3 2.2 1.5 1,030,373 1,063,189 1,081,529 1,096,395 1,113,357 1,134,841 14,963 14,795 14,671 14,615 14,705 14,476 829,244 813,379 778,238 754,400 800,701 790,949 30,367 29,276 29,788 29,773 29,511 29,023 42,789 40,324 37,274 41,826 41,200 39,353 75,701 74,068 72,925 69,979 67,329 71,338 141,777 139,501 131,729 137,091 134,735 127,870 1.5 .6 1.6 .1 1.5 1.6 1.8 1.9 1.1 2.0 1.9 2.3 2.2 1.6 Far West . Alaska .. California Hawaii .. Nevada Oregon Washington 1. Nonfarm personal income is personal income less farm earnings. Farm earnings consists of proprietors' net income; the cash wages, pay-in-kind, and other labor income of farm employees; and the salaries of officers of corporate farms. 2. Percent changes are expressed at quarterly rates and are calculated from seasonally-adjusted unrounded data. NOTE.-The personal income level shown for the United States is derived as the sum of the State estimates. It differs from the 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 temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. Sources: Tables 1 and 5 in "Comprehensive Revision of State Personal Income, 1969-95" in the October 1996 SURVEY OF CURRENT BUSINESS and table 1 in "Personal Income by State and Region, First Quarter 1997" in the August 1997 SURVEY. September 1997 Regional Data • SURVEY OF CURRENT BUSINESS Table J.2.—Percent of Personal Income for Selected Components for States and Regions Percent of personal income Personal income State and region Net earnings by place of residence1 Millions of dollars 1969 United Slates 1980 1996 49,634 14,543 3,115 24,183 2,728 3,587 1,477 131,783 38,108 9,313 61,704 9,108 9,150 4,399 1980 1996 1980 1996 16.1 17.0 9.1 14.1 16.8 382,291 108,668 25,893 179,355 30,829 24,523 13,023 74.1 66.3 67.4 62.3 66.8 67.6 16.7 17.0 18.6 15.2 16.4 16.4 16.4 17.2 18.0 18.7 17.4 17.5 18.6 17.9 18.7 9.2 7.1 14.2 15.7 10.9 18.2 15.3 12.4 17.6 15.5 13.9 20.3 15.7 74.5 74.5 68.9 70.6 66.6 68.3 71.2 66.0 67.3 16.3 15.0 17.7 15.3 12.5 22.4 13.0 12.5 16.2 16.6 17.9 14.0 21.6 15.0 14.2 19.7 7.8 7.5 7.3 7.7 7.9 9.0 14.0 12.7 15.8 14.6 14.9 15.6 18.1 15.4 9.2 8.8 9.4 8.9 9.4 8.7 13.6 13.3 13.1 12.8 14.7 13.0 15.1 15.3 15.7 15.5 17.1 18.3 20.2 18.9 16.4 14.0 16.4 21.0 18.9 14.8 19.8 21.7 22.7 75.3 74.3 72.9 76.2 61.1 64.9 17.5 14.3 17.1 15.3 14.7 15.0 75.2 68.4 64.4 76.3 74.2 80.0 77.5 72.6 76.8 72.6 63.7 72.1 70.6 66.4 68.5 67.7 62.4 15.3 17.4 13.7 68.0 66.5 63.0 63.2 12.5 15.0 17.0 13.4 13.9 14.9 16.9 17.4 14.9 Great Lakes Illinois Indiana Michigan Ohio . . Wisconsin 160,459 48,244 19,011 35,797 41,240 16,166 425,095 1,067,221 125,702 315,091 131,063 51,115 95,087 238,032 262,972 106,648 46,543 120,063 78.8 78.0 80.9 79.6 78.9 76.8 70.7 67.5 67.5 69.8 67.6 66.0 67.9 13.4 15.4 16.7 14.6 11.8 12.7 13.2 14.2 16.8 15.3 14.0 14.8 15.6 17.8 15.3 16.8 15.9 16.6 163,442 27,716 23,412 41,457 45,987 14,308 5,123 5,438 76.3 75.8 76.6 77.1 68.2 66.7 66.7 66.4 66.9 69.7 18.2 76.5 75.2 67.5 67.2 61.9 64.3 20.0 18.1 16.1 17.8 19.8 23.0 20.4 17.6 18.0 17.8 16.2 18.4 75.1 76.0 14.5 15.4 14.0 14.1 14.1 16.0 14.8 13.8 77.7 79.4 68.9 70.7 75.5 68.6 80.5 78.6 78.0 79.2 81.7 81.9 80.0 80.1 76.2 65.9 59.7 72.9 70.1 73.2 69.5 73.0 72.8 71.6 71.6 68.2 Southeast Alabama Arkansas Florida Georgia Kentucky . Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia 133,361 9,413 5,011 24,271 14,406 9,399 10,467 5,281 15,213 7,194 11,501 16,346 4,859 433,047 64,336 59,883 119,145 122,522 38,075 13,328 15,758 452,556 1,407,522 30,128 85!698 17,077 47,506 347,092 97,357 166,984 46,061 29,609 76,461 37,030 86,246 17,472 47,452 47,583 161,179 73,067 23,901 37,389 115,778 53,244 166,385 15,705 33,675 70.5 71.8 70.6 70.8 70.1 68.8 71.1 64.3 67.2 64.2 64.9 64.6 66.3 65.3 55.9 70.8 65.4 12.6 10.0 11.8 20.7 63.9 65.2 11.8 69.1 67.1 68.7 68.1 58.4 10.3 68.8 13.7 653 64.7 64.2 70.7 16.3 12.5 13.3 13.4 11.0 10.7 9.5 9.5 10.6 11.8 10.7 18.3 16.0 17.0 19.2 17.3 17.7 18.5 17.7 17.3 15.6 12.2 15.2 24.0 13.2 17.1 13.5 13.7 25.2 14.4 13.5 13.5 12.2 14.8 14.4 12.2 14.1 12.9 11.8 13.1 14.7 12.4 14.0 12.9 17.6 15.0 Southwest Arizona New Mexico , Oklahoma Texas 54,417 6,016 2,937 8,084 37,380 207,312 25,519 10,773 28,742 142,278 610,650 92,942 32,160 63,872 421,676 77.4 74.1 77.0 75.1 78.4 72.9 67.8 70.4 70.7 74.4 14.8 15.3 15.4 14.1 Rocky Mountain Colorado Idaho . Montana , Utah .. Wyoming 16,915 8,031 2,282 2,242 3,192 1,168 63,456 31,163 8,129 6,962 11,785 5,417 184,423 95889 23^37 16,749 38,321 10,228 76.3 75.1 78.2 74.8 79.1 76.0 72.3 72.7 68.8 69.4 14.5 15.8 16.0 16.4 16.3 16.8 70.4 65.9 74.5 76.0 68.3 59.4 73.4 63.2 12.5 14.9 12.0 15.7 16.3 19.3 13.1 15.5 15.9 19.9 12.5 20.6 377,038 1,097,070 14,907 5,611 801,532 280,601 10,514 29,782 40,802 9,376 26,251 72,623 44,686 137,425 75.3 86.9 74.7 70.2 66.7 15.0 16.7 82.9 69.8 72.9 73.1 68.5 70.6 70.3 66.4 66.7 70.2 65.4 67.2 17.3 11.8 17.6 16.2 15.7 17.8 16.6 Far West Alaska California Hawaii Nevada Oregon Washington 117,184 1,374 89,097 3,330 2,150 7,568 13,665 78.9 79.4 75.4 76.6 1. Net earnings by place of residence is earnings by place of work—the sum of wage and salary disbursements, other labor income, and proprietors' income—less personal contributions for social insurance plus the adjustment for residence. Sources: The CD-ROM, "State Personal Income, 1969-95," October 1996 and table 5 in "Per- 1996 14.3 458,491 1,245,905 20,021 6,316 7,962 18,975 46,024 138,052 86,327 248,052 193,271 523,403 118,592 297,402 57,810 10,196 7,912 14,100 16,476 5,278 1,872 1,976 1980 66.2 182,246 2,396 3,465 16,176 32,157 83,309 44,744 . 1969 69.7 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania Plains .. Iowa . Kansas Minnesota Missouri , . Nebraska North Dakota South Dakota Transfer payments Dividends, interest, and rent 1969 76.6 772,027 2,279,172 6,428,129 New England . Connecticut , Maine Massachusetts New Hampshire , Rhode Island Vermont 1969 8.2 15.3 14.6 13.4 14.9 14.1 15.3 18.0 14.6 15.4 8.617.1 14.7 15.4 17.4 15.8 14.8 17.2 11.4 10.0 8.5 10.8 10.5 9.5 6.3 12.1 7.5 7.6 10.4 9.8 10.1 10.2 9.7 10.6 12.7 10.7 8.5 10.7 10.1 11.3 8.0 8.6 9.3 8.1 13.1 9.0 9.6 10.5 11.7 8.2 9.2 9.0 9.3 10.4 8.9 8.3 9.7 4.9 10.0 6.5 7.1 9.7 9.3 12.9 15.4 14.4 14.3 13.3 18.3 14.1 15.4 15.3 13.7 19.5 13.8 21.0 16.3 19.1 15.5 15.3 14.1 17.3 14.4 18.1 17.8 16.8 18.9 18.4 14.3 26.5 16.4 11.9 14.2 15.1 14.0 10.8 17.5 19.9 20.4 15.2 11.7 10.8 13.3 14.8 12.4 15.8 20.7 14.1 8.5 13.1 8.4 13.1 12.4 11.5 14.1 13.6 14.8 13.7 16.1 16.0 17.9 15.9 17.1 14.1 16.8 16.2 sonal Income and Per Capita Personal Income by State and Region" in the May 1997 SURVEY OF CURRENT BUSINESS. D-63 D-64 • Regional Data September 1997 SURVEY OF CURRENT BUSINESS Table J.3.—Per Capita Personal Income and Per Capita Disposable Personal Income for States and Regions, 1994-96 Per capita personal income1 State and region Dollars 1994 United States Per capita disposable personal income1 Rank In U.S. 1995 1996 22,045 23,196 24,231 New England Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont 25,823 30,074 19,146 26,339 24,125 22,231 20,206 27,403 31,814 20,150 28,032 25,587 23,798 21,231 28633 33,189 20826 29,439 26,520 24,765 22,124 Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania 25,497 24,836 31,808 25,329 28,393 26,193 22,361 26,818 26,279 33,435 26,352 29,833 27,595 23,580 27,955 27,622 34,932 27,221 31,053 28,782 24,668 6 2 4 18 Great Lakes Illinois , Indiana Michigan Ohio Wisconsin 22,203 24,010 20,489 22,609 21,323 21,137 23,426 25,310 21,457 23,943 22,547 22,265 24,470 26,598 22,440 24,810 23,537 23,269 29 16 21 23 Plains Iowa Kansas Minnesota Missouri Nebraska North Dakota South Dakota 21,008 20,150 20,884 22,917 20,654 20,526 18,166 18,921 21,989 20,911 21,855 23,944 21,836 21,450 18,621 19,564 23,448 22,560 23,281 25,580 22,864 23,047 20,710 21,516 Southeast 19,898 18271 17,167 21,777 20,589 17,936 18,090 15,913 19,922 18,044 19,980 22,948 16,906 20,971 19,212 18,093 23,030 21,718 18,866 19,000 16,690 21,082 19,031 21,076 23,985 17,714 21,880 20055 18,928 24,104 22,709 19,687 19,824 17,471 22,010 19,755 21,764 24,925 18,444 Southwest Arizona New Mexico Oklahoma Texas 19,541 19,310 17,079 17,904 20,102 20,486 20,074 18,158 18,596 21,119 21,373 20,989 18,770 19,350 22,045 Colorado Idaho Montana Utah Wyoming 20,044 22,663 18,091 17,698 17,250 19,986 21,082 23,954 18,860 18,443 18,167 20,727 22,025 25,084 19,539 19,047 19,156 21,245 22,697 23,496 22,828 24,137 23,300 20,340 22,726 23884 24,045 24,091 24,749 24,336 21,554 23,701 24,928 24,558 25,144 25,159 25,451 22,668 24,838 Alabama !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Arkansas Florida Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia Far West Alaska California Hawaii Nevada Oregon Washington ^ 1. Per capita personal income and per capita disposable personal income were computed using midyear population estimates of the Bureau of the Census. NoTE.-The personal income level shown for the United States is derived as the sum of the State estimates; it differs from the national income and product accounts (NIPA) estimate of per- Rank in U.S. Dollars 1994 1996 1995 1996 1996 19,239 20,178 20,979 22,079 25,313 16,884 22,351 21,450 19,492 17,770 23,345 26,718 17,733 23,660 22,626 20,874 18,685 24,263 27,706 18,219 24,720 23,329 21,659 19,381 38 3 6 13 31 21,931 21,481 27,141 21,757 24,401 22,342 19,545 23,008 22,605 28,406 22,526 25,674 23,451 20,560 23,882 23,654 29,567 23,158 26,570 24,380 21,410 7 2 4 16 19,241 20,742 17,821 19,621 18,555 18,174 20,251 21,775 18,719 20,712 19,581 19,076 21,052 22,778 19,433 21,376 20,340 19,858 30 17 21 25 18,325 17,675 18,281 19,536 18,150 18,090 16,142 17,103 19,100 18,293 19,051 20,337 19,090 18,832 16,452 17,597 20,298 19,723 20,225 21,597 19,906 20,180 18,351 19,381 17,614 16316 15,359 19,295 18,019 15,792 16,355 14,544 17,417 16,068 17,979 19,882 15,183 18,498 17089 16,086 20,351 18,931 16,535 17,105 15,224 18,362 16,879 18,895 20,712 15,877 19,218 17785 16,783 21,185 19,664 17,192 17,786 15,911 19,110 17,467 19,441 21,434 16,494 44 20 27 42 39 50 34 41 29 15 48 48 44 31 17,448 16,981 15,235 15,865 18,031 18,240 17,606 16,184 16,403 18,889 18,936 18,308 16,674 16,980 19,621 46 43 28 13 43 46 45 35 17,324 19,433 15,679 15,553 14,976 17,630 18,115 20,450 16,168 16,202 15,626 18,234 18,830 21,265 16,722 16,656 16,436 18,614 19 45 47 49 35 19,838 20,506 19,973 20,907 20,253 17,311 20,088 20,794 20925 20,986 21,543 21,019 18,342 20,858 21,566 21,277 21,760 21,776 21,805 19,189 21,740 i' 37 3 8 17 30 5 7 28 22 9 25 24 38 34 39 47 20 26 42 40 50 32 41 33 14 49 36 19 12 11 10 27 15 i' 5 8 26 22 14 24 23 36 32 40 37 18 11 10 9 33 12 sonal income because, by definition, it omits the earnings of Federal civilian and military personnel stationed abroad and of U.S. residents employed abroad temporarily by private U.S. firms. It can also differ from the NIPA estimate because of different data sources and revision schedules. Sources: Tables 1 and 2 in "Personal Income and Per Capita Personal Income by State and Region" in the May 1997 SURVEY OF CURRENT BUSINESS. September 1997 Regional Data • D-65 SURVEY OF CURRENT BUSINESS Table JA—Gross State Product for States and Regions by Industry, 1994 [Millions of dollars] Rank of total gross state product State and region United Slates Connecticut Maine Massachusetts New Hampshire Rhode Island Vermont Mideast Delaware District of Columbia Maryland New Jersey New York Pennsylvania Great Lakes Illinois Indiana Michigan Ohio* Wisconsin Plains Iowa Kansas Minnesota Missojri Nebraska North Dakota South Dakota Rocky Mountain Colorado Idaho Montana Utah Wvomina Far West Alaska California Hawaii Nevada Oregon Washington Farms Agricultural services, forestry, and fishing Nlanufacturin 3 Mining 6,835,641 82,197 35,651 90,058 389,259 110,449 26069 186,199 29,393 23867 13,282 1 182 1,915 280 221 296 504 267 777 237 38 12 113 94 56 138 147 234 82 1,327,798 41 26,697 48,028 16 132,703 8 254945 2 570,994 6 294,431 4,504 221 0 601 21 42 10 ....... ... 40 44 50 ... '" 479 *B 13 610 864 ... » 16661 11,852 100,291 1,513 1,367 11,787 19,096 40,005 26,523 321,733 10,414 6,888 29,253 57,125 164,081 53,972 45,155 14,086 6493 8,584 10583 5,409 284,542 62,441 41843 71,415 73887 34,956 188,314 35,277 29115 54,414 48605 20,903 96,229 27,164 12,728 17,001 25282 14,053 90,978 31,940 11,407 16,156 22592 8882 77,674 26,639 8,382 16,373 18,534 7,745 97,284 27,549 12,734 19,958 25,922 11,120 19,202 2700 2,402 5,318 5,823 1,714 588 657 88359 16699 10,727 24,950 27,017 6,031 979 1,956 49,443 9775 5,638 14,510 14,477 3,088 534 1,422 38,916 6924 5,090 10,440 12,540 2,944 445 534 43,306 5388 7,444 9,564 13,476 4,559 1,496 1,378 34,207 282,972 19,398 12578 26,612 32,576 23221 17,417 11,854 53,629 21,787 30611 27435 5,854 126,435 9,593 6757 15,079 13,383 12545 4,311 7,015 19,739 8,403 16 049 11,047 2,514 156,537 9,805 5820 11,533 19,192 10676 13,107 4,839 33,890 13,384 14562 16,389 3,341 143,740 8,821 61,747 11,155 4422 6,615 43,964 2,817 7 111 152 428 887 938 1,238 640 258 455,013 68,298 61,758 124,641 128,216 41,357 13,494 17,250 17,428 4238 2,529 2,822 1,751 3,160 1,286 1,642 2,562 2,466 1,478,627 88,661 50575 317,829 183,042 86485 101,101 50,587 181,521 79,925 126539 177,708 34,654 20,175 1,512 2035 3,399 2,491 1 867 882 1,256 3,420 724 1 242 1 147 200 737 101 677,888 94,093 37832 66,189 479 774 8,347 3,541 810 564 673 178 311 23 43 47 35 22 32 12 27 18 ... ... ... 156 348 534 563 308 84 173 815 507 356 98 349 185 7,841 21,509 1,184 442 2941 369 287 786 363 476 9,995 356 229 158 347 1,074 3,380 39.652 1,114 2702 3,281 32555 28,989 5,116 1 781 2,069 20024 105,712 13,973 8,816 1,660 169 837 1,484 4666 10,271 5,234 1,536 758 2,151 24,790 12,299 4,612 1,317 5,891 15,011 7,197 3,030 763 3,806 9,779 5,102 1,583 555 2,086 670 215 455 10,563 4238 4,459 46,084 161,354 1 149 121,842 1,128 2,002 14814 20,418 103,692 57,662 2379 198,132 99,767 24,185 16,862 41,657 15660 3,989 1,180 1,260 835 418 1,120 506 276 135 123 297 79 1,197,326 45 22720 1 875,697 38 36,718 34 43,958 74366 28 14 143,867 15,306 10,241 18 11 171 9261 60,747 3,496 1 846 14,592 6,707 3429 4,476 1,855 7,078 3,473 4677 7443 1,675 5381 48 ... 1,591 553 2,735 768 356 7189 382 711 752 282 198 26 142 1 481 2,212 178 734 1,586 1,438 96 306 591 1038 29,222 2,151 3,090 3447 7,137 5117 11,060 75562 NOTE.-Totals shown for the United States differ from the NIPA estimates of gross domestic product (GDP) because State data exclude the statistical discrepancy (the difference between GDP and gross domestic income), the compensation of Federal civilian and military personnel stationed abroad, and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; they may also differ from the GDP estimates because of differences in revision schedules. 30,258 8,319 2,528 13,804 2,326 2,026 1,256 86,894 1,046 577 8,199 23,374 35,683 18,014 1 039 460 315 604,284 2,084 114,721 1,354 2,596 11,144 25750 46,605 27,272 2,302 26 872 79,948 6,712 1,510 98,129 3,911 1,114 5,766 24698 34,790 27,850 4,459 1,273 753 5 11 1,229 182,651 88,578 22,939 4,816 47,245 5,723 5,151 2,704 85,106 1,486 153 5,676 12144 35,556 30,091 4,418 1,321 531 25 33 691 14,784 2,913 2204 1,323 695 4,445 36,007 317 833 76,608 45,234 296 1,269 11,260 13,942 832 , 733 3554 6,476 1739 State and local government 92,056 30,138 4742 42,919 6,502 5456 2,299 183,235 5,397 1,267 11,442 36841 70,346 57,941 4148 Federal military government 609,908 1,273,678 1,342,720 45,626 889 428 6,536 11,265 3,515 31 20 17 36 49 46 25,962 7,328 1 510 13,237 1,742 1 274 2,355 1,111,598 332,853 138 190 240,390 274 844 125,321 29 461,863 27,786 7,744 1 864 12,883 2,327 2,296 1,653 1,486 606354 22,743 6,381 2439 10142 1,718 1 372 574 1,229 2121 523,959 31 1,805 9 1 19 269,232 1,197,098 Federal civilian government Retail trade 29 14 1221 1839 673,139 Durable goods Total Finance, insurance, and real estate Wholesale trade 43392 12,231 2200 20245 4,336 2776 1,605 1399 4 15 Nondurable goods Transportation and public utilities 66,134 18,612 4639 30387 6,053 24 37 30 3 ... Construction 13,158 3,646 1 142 5943 1,031 822 13 39 ... Southeast Alabama Arkansas Florida ...= Georgia Kentucky Louisiana Mississippi North Carolina South Carolina Tennessee Virginia West Virginia Southwest Arizona New Mexico Oklahoma Texas Total gross state product 33,195 8,813 3159 Services 827 3,134 448 477 579 342 678 67 354 317 65 294,563 3,419 15,636 29,531 54,124 129,468 62,385 46,598 358 16,102 9,956 4,186 8,443 7,553 7,278 273 1,166 2,117 179,209 63,253 18,448 36,385 41,404 19,719 198,663 66,853 21,325 42,288 47,899 20,298 19,212 6,357 2,725 2,814 5,225 2,091 4,025 1,686 479 41,979 5966 5,956 11,134 12,493 3,488 1,291 1,652 69,161 9,632 7,831 21,869 18,734 5,937 1,673 3,487 79,879 10,090 10,003 23,882 24,172 6,724 2,302 2,706 10,786 1,263 1,584 2,361 3,549 1,104 358 567 4,102 144,130 8,926 226,278 10,860 5,637 68,123 28,563 9,514 13,260 5,680 23,465 10,297 16217 30,823 3,838 263,453 14,045 7,272 72,639 31,980 12,471 16,738 7,597 26,345 11,632 23,663 33,594 5,477 45,781 4,173 1,179 6,669 5,667 2,683 1,841 1,522 3,148 1,864 4,450 11,646 31,101 1,411 29,914 21,865 8305 11,059 6,228 14,315 6,399 10646 15,425 4,567 97,808 5,515 3,077 22,644 16,355 4,770 5,784 2,840 11,692 4,367 9232 9,694 1,836 939 142 72,514 8,345 3,672 7,281 53,216 46,743 5,677 1,645 4,051 35,369 62,877 10,034 98,977 17,115 5,130 8,203 68,529 120,958 18,155 6,595 10,788 85,419 17,331 2,538 1,791 2,500 10,502 9,967 1,200 22,017 11,014 2,181 2,152 4,008 2662 11,869 6,341 1,456 1,049 2,532 19,563 10,039 2,502 29,743 16,825 3,092 2,261 5,905 1,661 37,142 20,626 3,771 3,061 8,221 1,464 7,215 3,424 760 742 1,901 3,034 1,885 268 266 412 388 202 18,564 8,736 2,301 1,734 4,346 1,447 91,293 3!835 63,122 3,475 3,376 5909 11,576 80,707 256,519 2,480 199,078 8,584 8,058 12464 25,856 259,485 2,653 193,314 7,586 14,967 13248 27,716 29,015 1,113 18,900 1,745 840 2020 4,397 18,357 1,094 11,187 2,623 435 223 2,795 107,814 2,535 76,691 3,442 3,358 7,269 14,519 6196 4718 4,545 10,061 9,406 3,147 1,255 1,076 492 672 59,860 1,414 1,990 5888 10,882 5193 35,783 16,714 7651 8,717 5,008 16,338 8,043 13881 14,820 3,057 3551 6,663 42630 1J14 4,268 1040 110,589 1539 79,662 4,063 4,084 6773 14,467 832 1,804 1,087 527 1,032 300 191 1,347 306 892 587 494 288 411 4,573 3,519 1,803 1,320 1,064 4,882 2,273 694 9,009 834 1,476 6,456 115,987 1,733 1,981 11,416 22,862 54,850 23,145 94,713 25,938 11,229 22,580 23,366 11,600 41,575 6,706 6,227 11,334 9,985 4,500 1,341 1,483 133,092 8,861 4,455 29,435 15,085 7,387 9,241 5,039 16,194 8,545 10,403 14,860 3,587 62,281 9,343 4,272 6,915 41,750 Sources: Tables 9 and 10 in "Comprehensive Revision of Gross State Product by Industry, 1977-94" in the June 1997 SURVEY OF CURRENT BUSINESS. D-66 • Regional Data SURVEY OF CURRENT BUSINESS September 1997 L. Charts SELECTED REGIONAL ESTIMATES SHARES OF U.S. PERSONAL INCOME BY REGION 1969 1996 New England 6.4% New England 5.9% Plains 7.5% Southeast 17.3% Southwest 7.0% Rocky Mountain 2.2% Rocky Mountain 2.9% SHARES OF U.S. GROSS STATE PRODUCT BY REGION 1977 Great Lakes 1994 16.3% Great Lakes 19.6% New England 5.2% Plains 7.5% New England 5.7% Rocky Mountain Rocky Mountain 2.8% 2.9% AVERAGE ANNUAL GROWTH RATE OF PERSONAL INCOME, 1969-96 STATES WITH FASTEST GROWTH STATES WITH SLOWEST GROWTH U.S.average 8.2 % North Dakota Rhode Island West Virginia Indiana Pennsylvania Michigan Illinois Ohio Iowa New York Percent U.S. Department of Commerce, Bureau of Economic Analysis September 1997 Regional Data • SURVEY OF CURRENT BUSINESS SELECTED REGIONAL ESTIMATES PER CAPITA PERSONAL INCOME.1996 ME A FLX 104v r>\ f'o f United States $24,231 | States with highest levels " States with lowest levels | L~~! All other States PERSONAL INCOME GROWTH: AVERAGE QUARTERLY PERCENT CHANGE, 1996:1-1997:1 o s^ FL United States 1.5% ( •o | | States with largest percent change j | States with smallest percent change _ US. Dtptrtmnt of Commerce, Bureau of Economic Analysis All other States D-67 D-68 • Appendixes September 1997 SURVEY OF CURRENT BUSINESS Appendix A Additional Information About BEA'S NIPA Estimates Statistical Conventions Changes in current-dollar GDP measure changes in the market value of goods and services produced in the economy in a particular period. For many purposes, it is necessary to decompose these changes into quantity and price components. To compute the quantity indexes, changes in the quantities of individual goods and services are weighted by their prices. (Quantity changes for GDP are often referred to as changes in "real GDP") For the price indexes, changes in the prices for individual goods and services are weighted by quantities produced. (In practice, the current-dollar value and price indexes for most GDP components are determined largely using data from Federal Government surveys, and the real values of these components are calculated by deflation at the most detailed level for which all the required data are available.) Except for the most recent period, the annual and quarterly changes in real GDP and prices are "chaintype" measures that are both based on the "Fisher Ideal" formula that incorporates weights from two adjacent years. For example, the 1992-93 percent change in real GDP uses prices for 1992 and 1993 as weights, and the 1992-93 percent change in price uses quantities for 1992 and 1993 as weights. Because the quantity and price index numbers calculated in this way are symmetric, the product of the annual change in real GDP and the annual change in prices equals the annual change in current-dollar GDP. In the most recent period, a variant of the formula is used because only i year's information is available for computing the index number weights. Accordingly, BEA uses the prices and quantities from the two adjacent quarters as weights to calculate Fisher chaintype measures for those estimates. For example, the 1996:11-1996:111 percent change in real GDP uses prices for 1996:11 and 1996:111 as weights, and the 1996:111996:111 percent change in the GDP price index uses quantities for 1996:11 and 1996:111 as weights. BEA also presents another measure, known as the "implicit price deflator," in the NIPA tables. The implicit price deflator is calculated as the ratio of currentdollar value to the corresponding chained-dollar value multiplied by 100. In addition, BEA prepares measures of real GDP and its components in a dollar-denominated form, designated "chained (1992) dollar estimates" These estimates are computed by multiplying the 1992 currentdollar value of GDP, or of a GDP component, by the corresponding quantity index number. For example, if a current-dollar GDP component equaled $100 in 1992 and if real output for this component increased by 10 percent in 1993, then the "chained (1992) dollar" value of this component in 1993 would be $110 ($100 X 1.10). Note that percentage changes in the chained (1992) dollar estimates and the percentage changes calculated from the quantity indexes are identical, except for small differences due to rounding. Because of the formula used for calculating real GDP, the chained (1992) dollar estimates for detailed GDP components do not add to the chained-dollar value of GDP or to any intermediate aggregates. A "residua?" line is shown as the difference between GDP and the sum of the most detailed components shown in each table. The residual generally is small close to the base period but tends to become larger as one moves further from it. In cases where the residual is large, the table of contributions of the major components to the change in real GDP provides a better basis for determining the composition of GDP growth than the chained-dollar estimates. For quarters and months, the estimates are presented at annual rates, which show the value that would be registered if the rate of activity measured for a quarter or a month were maintained for a full year. Annual rates are used so that time periods of different lengths—for example, quarters and years—may be compared easily. These annual rates are determined simply by multiplying the estimated rate of activity by 4 (for quarterly data) or 12 (for monthly data). Percent changes in the estimates are also expressed at annual rates. Calculating these changes requires a variant of the compound interest formula: •-[©""•->] xlOO, where r is the percent change at an annual rate; Xt is the level of activity in the later period; X0 is the level of activity in the earlier period; m is the yearly periodicity of the data (for example, i for annual data, 4 for quarterly, or 12 for monthly); and n is the number of periods between the earlier and later periods (that is, t — o). Quarterly and monthly NIPA estimates are seasonally adjusted, if necessary. Seasonal adjustment removes from the time series the average impact of variations that normally occur at about the same time and in about the same magnitude each year—for example, weather, holidays, and tax payment dates. After seasonal adjustment, cyclical and other short-term changes in the economy stand out more clearly. Appendixes SURVEY OF CURRENT BUSINESS September 1997 • Reconciliation Tables Table 1.—Reconciliation of Changes in BEA-Derlved Compensation Per Hour with BLS Average Hourly Earnings [Percent change from preceding period] SSeasonal! / adjuste d at annucil rates •jQQC 1QQ4 1996 •JQQC 2.4 4.4 -6 _7 -5 0 1 3.2 -6 1.8 Loss' Contribution of supplements to wages and salaries per hour IV III II BEA-derived compensation per hour of all persons in the nonfarm business sector (less housing) 19<37 -.1 -2 0 .1 .3 II I 3.3 4.5 3.0 -1 0 -4 -3 -.4 .1 -.2 -2 .1 -.2 2.9 Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions 0 Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid familv workers, and self-emoloved 0 Equals: BEA-derived wages and salaries per hour of all employees in the private nonfarm sector 1.8 2.8 3.6 4.6 2.9 4.0 4.9 3.3 Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing .... .2 .1 -.2 -.4 -.3 -.3 -.3 -.1 -1.0 -.1 .5 1.0 -.4 .5 1.1 .3 2.6 2.9 3.3 4.0 3.7 3.9 4.2 3.0 1.7 2.5 3.1 4.4 2.9 3.3 4.5 3.1 Less: Other differences1 .2 .5 Equals: BLS average hourly earnings of production or nonsupervisory workers on private Addendum: BLS estimates of compensation oer hour in the nonfarm business sector2 1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates also include differences in BEA and BLS benchmark procedures; quarterly estimates also include differences in seasonal adjustment procedures. 2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates include compensation and hours of tenant-occupied housing. NOTE: This table incorporates BLS statistical revisions to employee hours. 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] Season?illy adjuste d at annu al rates Line 1996 1995 1996 1995 1997 IV I II III IV I 1,025.5 1,025.5 1,049.3 1,047.9 1,098.2 1,117.9 Exports of goods, services, and income, BPA's 1 Less-Gold BPA's Statistical differencesl Other items 2 3 4 5.1 220 .9 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 7 8.0 302 Equals: Exports of goods and services and receipts of factor income, NIPA's 8 1,015.6 1,083.6 1,050.3 1,059.9 1,073.9 1,070.7 1,129.8 1,146.8 imports of goods,, services, and income, BPA's 9 1,086.5 1,163.4 1,093.3 1,115.4 1,156.9 1,183.5 1,198.0 1,246.9 Less: Gold, BPA's Statistical differences1 Other items 10 11 12 5.3 40 0 7.7 5.6 0 3.4 7.3 0 6.8 4.5 0 1.4 0 6.2 9.7 0 3.4 6.9 0 8.7 6.9 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 -37 8.0 -36 8.7 -40 9.3 -38 8.4 -38 8.9 -3.1 21.3 14.8 21.9 14.2 •-34 10.1 21.1 14.4 -35 7.3 21.8 14.0 21.4 14.6 21.2 15.0 21.6 15.2 22.4 15.4 Equals: Imports of goods and services and payments of factor income, NIPA's. 17 1,117.3 1,191.2 1,123.9 1,146.5 1,180.6 1,208.4 1,229.5 1,274.3 Balance on goods, services, and income, BPA's (1-9) 18 -95.0 -108.2 -67.8 -69.9 -107.6 -135.6 -99.8 -129.0 Less: Gold (2-10+13) Statistical differences (3-11) 1 Other items (4-12) 19 20 21 -39 -44 -37 -56 -48 18.0 12.8 17.5 8 -39 8.8 8 13.7 15.1 10 15 Plus: Adjustment for U.S. territories and Puerto Rico (6-15) 22 8.4 8.8 9.2 9.9 9.9 11.2 Equals: Net exports of goods and services and net receipts of factor income, 23 NIPA's (8-17). -101.7 -86.6 -106.7 -137.7 -99.7 1. Consists of statistical revisions in the BPA's that have not yet been incorporated in the NIPA's. 991.5 14.0 g 1,055.2 6.9 18.4 3.7 24.8 1.1 .8 8.7 9.3 31.4 14.8 30.7 14.2 11 10.1 -107.6 -73.6 6.3 13.3 .8 10.1 30.3 14.4 12.5 15.1 5.2 24.8 3.7 20.3 6.7 20.3 1.0 1.5 1.1 1.0 7.3 8.4 8.9 8.3 31.3 14.6 14.6 31.1 15.0 32.8 15.2 -35 134 11 33.2 15.4 8.3 -51 134 10 10.8 -127.5 D-69 D-70 • Appendixes SURVEY OF CURRENT BUSINESS September 1997 Appendix B Suggested Reading Mid-Decade Strategic Plan BEA has published the following articles in the SURVEY OF CURRENT BUSINESS on the development and implementation of its strategic plan for improving the accuracy, reliability, and relevance of the national, regional, and international accounts. "Mid-Decade Strategic Review of BEA'S Economic Accounts: Maintaining and Improving Their Performance" (February 1995)* "Mid-Decade Strategic Review of BEA'S Economic Accounts: An Update" (April 1995)* "BEA'S Mid-Decade Strategic Plan: A Progress Report" (June 1996)* Mid-Decade Strategic Review of BEA'S Economic Accounts: Background Papers (1995) presents seven background papers that evaluate the state of the U.S. economic accounts and that identify the problems and the prospects for improving the accounts. Methodology BEA has published a wealth of information about the methodology used to prepare its national, regional, and international estimates. National National income and product accounts (NIPA'S) NIPA Methodology Papers: This series documents the conceptual framework of the NIPA'S and the methodology used to prepare the estimates. An Introduction to National Economic Accounting (NIPA Methodology Paper No. i, 1985) [Also appeared in the March 1985 issue of the SURVEY] Corporate Profits: Profits Before Tax, Profits Tax Liability, and Dividends (NIPA Methodology Paper No. 2,1985) Foreign Transactions (NIPA Methodology Paper No. 3,1987) GNP: An Overview of Source Data and Estimating Methods (NIPA Methodology Paper No. 4, 1987) [Also appeared in the July 1987 issue of the SURVEY] Government Transactions (NIPA Methodology Paper No. 5,1988) Personal Consumption Expenditures (NIPA Methodology Paper No. 6, 1990) * Items with an asterisk can be found on BEA'S Internet site at httpt//www.bea,doc.gov. The methodologies described in these papers are subject to periodic improvements that are typically introduced as part of the annual and comprehensive revisions of the NIPA'S; these improvements are described in the SURVEY articles that cover these revisions. "Annual Revision of the U.S. National Income and Product Accounts": This series of SURVEY articles, the latest of which was published in the August 1997 issue,* describes the annual NIPA revisions and the improvements in methodology. The most recent comprehensive revision of the NIPA'S is described in the following series of SURVEY articles. "Preview of the Comprehensive Revision of the National Income and Product Accounts: BEA'S New Featured Measures of Output and Prices" (July 1995)* "Preview of the Comprehensive Revision of the National Income and Product Accounts: Recognition of Government Investment and Incorporation of a New Methodology for Calculating Depreciation" (September 1995)* "Preview of the Comprehensive Revision of the National Income and Product Accounts: New and Redesigned Tables" (October 1995)* "Improved Estimates of the National Income and Product Accounts for 1959-95: Results of the Comprehensive Revision" (January/February 1996)* "Completion of the Comprehensive Revision of the National Income and Product Accounts, 1929-96" (May 1997)* "Updated Summary Methodologies" (August 1996 SURVEY)* identifies the principal source data and estimating methods that are used to prepare the estimates of gross domestic product (GDP). Availability For the availability of some of these publications, see the inside back cover of this issue. See also the User's Guide to BEA Information: To request a copy, write to the Public Information Office, BE-SS, Bureau of Economic Analysis, U.S. Department of Commerce, Washington DC 20230, call 202-606-9900, or visit BEA'S Internet site at http: //www. bea. doc. gov. September 1997 SURVEY OF CURRENT BUSINESS Information on the sources and methods used to prepare the national estimates of personal income, which provide the basis for the State estimates of personal income, can be found in State Personal Income, 1929-93 (1995).* "Gross Domestic Product as a Measure of U.S. Production" (August 1991 SURVEY) briefly explains the difference between GDP and gross national product. The conceptual basis for the chain-type measures of real output and prices used in the NIPA'S is described in the following SURVEY articles. "Alternative Measures of Change in Real Output and Prices" (April 1992)* "Economic Theory and BEA'S Alternative Quantity and Price Indexes" (April 1992)* "Alternative Measures of Change in Real Output and Prices, Quarterly Estimates for 1959-92" (March 1993)* "Preview of the Comprehensive Revision of the National Income and Product Accounts: BEA'S New Featured Measures of Output and Prices" (July 1995)* "BEA'S Chain Indexes, Time Series, and Measures of Long-Term Economic Growth" (May 1997)* "Reliability and Accuracy of the Quarterly Estimates of GDP" (October 1993 SURVEY)* evaluates GDP estimates by examining the record of revisions in the quarterly estimates. "A Look at How BEA Presents the NIPA'S" (May 1996 SURVEY)* explains how to locate the NIPA estimates and some of the conventions used in their presentation. Appendixes International Balance of payments accounts (BPA'S) The Balance of Payments of the United States: Concepts, Data Sources, and Estimating Procedures (1990) describes the methodologies used in preparing the estimates in the BPA'S and of the international investment position of the United States. These methodologies are subject to periodic improvements that are typically introduced as part of the annual revisions of the BPA'S. "U.S. International Transactions, Revised Estimates": This series of SURVEY articles, the latest of which was published in the July 1997 issue,* describes the annual BPA revisions and the improvements in methodology. Direct investment The coverage, concepts, definitions, and classifications used in the benchmark surveys of U.S. direct investment abroad and of foreign direct investment in the United States are presented in the publications of the final results of the following benchmark surveys. U.S. Direct Investment Abroad: 1989 Benchmark Survey, Final Results (1992)* Foreign Direct Investment in the United States: 1992 Benchmark Survey, Final Results (1995)* The types of data on direct investment that are collected and published by BEA and the clarifications of the differences between the data sets are presented in the following SURVEY articles. "A Guide to BEA Statistics on U.S. Multinational Companies" (March 1995)* "A Guide to BEA Statistics on Foreign Direct Investment in the United States" (February 1990)* Wealth and related estimates "Improved Estimates of Fixed Reproducible Tangible Wealth, 1929-95" (May 1997 SURVEY)* describes the most recent revision of the estimates of fixed reproducible tangible wealth. Gross product by industry "Improved Estimates of Gross Product by Industry, 1959-94" (August 1996 SURVEY)* describes the most recent comprehensive revision of the estimates of gross product by industry. Regional Personal income State Personal Income, 1929-93 (1995)* includes a description of the methodology used to prepare the estimates of State personal income. [Also available on the State Personal Income 1969-95 CD-ROM] Local Area Personal Income, 1969-92 (1994)* includes a description of the methodology used to prepare the estimates of local area personal income. [Also available on the Regional Economic Information System CD-ROM] Input-output accounts Gross state product Benchmark Input-Output Accounts of the United States, 1987 (1994)* describes the concepts and methods used in the generation of the benchmark input-output tables for 1987. "Comprehensive Revision of Gross State Product by Industry, 1977-94" (June 1997 SURVEY)* summarizes the sources and methods for BEA'S estimates of gross state product. £al • D-71 ACCESSING BEA INFORMATION BEA's ECONOMIC INFORMATION ON THE INTERNET BEA web site (http://www.bea.doc.gov), access to summary estimates and other information covering all aspects of BEA's work. • Latest figures on GDP, personal income, balance of payments, and other national, regional, and international estimates • Special articles from BEA's monthly SURVEY OF CURRENT BUSINESS, featuring: presentations of new and improved data sets descriptions of source data and estimating procedures discussions of statistical research and analysis • Updates on new developments and an e-mail link to BEA STAT-USA web site (http://www.stat-usa.gov), a subscription service that offers detailed data files for BEA's national, regional, and international accounts, a complete electronic version of BEA's monthly SURVEY OF CURRENT BUSINESS, timely access to BEA news releases, as well as a host of economic statistics from other Federal agencies. BEA ESTIMATES ON CD-ROM, ON DISKETTE, AND IN PUBLICATIONS CD-ROM products • SURVEY OF CURRENT BUSINESS CD-ROMs—All the issues of the SURVEY for 1994, 1995, 1996 (forthcoming) and selected articles back to 1987 • Regional Economic Information System (REIS) CD-ROM— Income and employment estimates for 1969-95 for over 3,100 U.S. counties, 330 metropolitan areas, and 172 BEA economic areas; gross state product estimates for 1977-92 and regional projections to 2045 State Personal Income (SPI) CD-ROM—Income and employment estimates for 1969-95 for all States Diskette products Detailed estimates that underlie the national, regional, and international accounts. Publications In addition to the SURVEY OF CURRENT BUSINESS, BEA publishes comprehensive statistical volumes that also include descriptions of methodology. For more information on BEA programs and products, contact the Public Information Office of the Bureau of Economic Analysis at (202) 606-9900. BEA INFORMATION The economic information prepared by the Bureau of Economic Analysis (BEA) is available in news releases, in publications, on computer diskettes, on CD-ROM'S, and on the Internet. For a description of these products in the free User's Guide to BEA Information, write to the Public Information Office, 61-53, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230, or call (202) 6069900. The User's Guide and other information are also available on BEA'S home page at http://www.bea.doc.g0v. In addition, the following publications are available from the Superintendent of Documents of the Government Printing Office (GPO). To order, write to Superintendent of Documents, P.O. Box 371954, Pittsburgh* FA 15250-7954,^!! (202) 512-1800 or fax (202) 512-2250. Pay by check to the Superintendent of Documents or charge to a GPO deposit account, to VISA, or to MasterCard, Benchmark Input-Output Accounts of the United States, 1987. (1994) Presents summary and detailed make and use tables for industries and commodities; tables showing commodity- and industry-output-require-ments per dollar of commodity demanded; and tables showing the input-output (i-o) commodity composition of personal consumption expenditures and producers' durable equipment expenditures in the national income and product accounts. Presents concepts and methods used in the 1987 benchmark accounts; concordance beween i-o and 1987 Standard Industrial Classification codes; description of the components of the measures of output, intermediate inputs, and value added; and mathematical derivation of total requirements tables. (468 pages) $29.00, stock no. 003-010-00251-4. Regional Multipliers: A User Handbook for the Regional Input- Output Modeling System (KIMS n), Third Edition. (1997) This handbook describes the five types of RIMS n multipliers that are available for nearly 500 industries and for any county or for any group of counties. It details the information that the users need in order to effectively use the RIMS n multipliers to analyze the economic and industrial impact of public and private projects and programs on State and local areas. The handbook also includes case studies that illustrate the uses of the RIMS n multipliers and a description of the methodology that the Bureau of Economic Analysis uses to estimate the multipliers. (63 pages) $6.00, stock no. 003010-00264-6. State Personal Income, 1929-93. (1995) Presents detailed annual estimates for States and regions of personal income for 1929-93, including estimates of per capita personal income, personal income by major source, and earnings by industry. Also presents annual estimates of disposable personal income and per capita disposable personal income for 1948-93 and quarterly estimates of personal income for 1969-93. Provides information about the sources and methods used to prepare the estimates for 1987-93 and samples of all the detailed tables of personal income and employment that are available for regions, States, counties, and metropolitan areas. (444 pages) $27.00, stock no. 003-010-00257-3, Foreign Direct Investment IB the United States: 1992 Benchmark Survey, Final Results. (1995) Presents detailed data on the financial structure and operations of U.S. affiliates of foreign direct investors, on the foreign direct investment position in the United States, and on the balance-of-payments transactions between U.S. affiliates and their foreign parent companies in 1992. Includes data for items, such as employment covered by collective bargaining agreements and merchandise trade by product and country of destination and origin, that are only collected in benchmark surveys. Benchmark surveys are conducted every 5 years and are BEA'S most comprehensive surveys in terms of both the number of companies covered and the amount of information gathered. The data are classified by industry of affiliate and by country of ultimate beneficial owner, and selected data are classified by State. Provides in* formation about the coverage, the concepts and definitions, and the classifications used in the survey. (312 pages) $20.00, stock no. 003-01000259-0. ^ *! Foreign Direct Investment in the United States: Operations of U.S. Affiliates of Foreign Companies* (1997) Two publications; One presents the revised estimates for 1994, and the other, the preliminary estimates for 1995 from BEA'S annual surveys of the financial structure and operations of nonbank U,S, affiliates of foreign direct investors. The estimates are presented by industry of the U+S. affiliate and by country of the ultimate beneficial owner (UBO) and for selected estimates, by in^ dustry of UBO and by State. Preliminary 1995 Estimates (108 pages) $$.50, stock no. 003-010-00268-9; Revised 1994 Estimates (108 pages) $8.50, stock no. 003-010-00267-1. Foreign Direct Investment in the United States: Establishment Data for 1992* (1997) This publication, which presents the results of a project by BEA and the Bureau of the Census, provides the most recently available data on the number, employment, payroll, and shipments or sales of foreign-owned U.S. establishments in more than 800 industries at the Standard Industrial Classification four-digit level and by State and by country of owner. Presents additional information—such as data on value added, employee benefits, hourly wage rates of production workers, and expenditures for plant and equipment—for manufacturing Establishments. (364 pages) $28.00, stock no. 003-010-00265-4, \. Foreign Direct Investment in the United States; Establishment Data for Manufacturing, 1991. (1994) A joint effort by BEA and the Bureau of the Census. Presents the most recently available data for foreign-owned U.S. manufacturing establishments (plants) by detailed industry (up to 459 industries), by State, and by country of investor. Includes data on the number of plants, value added, shipments, employment, total employee compensation, employee benefits, the hourly wage rates of production workers, the cost of materials and energy used, inventories by stage of fabrication, and expenditures for new plant and equipment. (220 pages) $14.00, stock no. 003-010-00250-6. U.S. Direct Investment Abroad: 1994 Benchmark Survey, Preliminary Results. (1997) Presents preliminary results from the latest benchmark survey of the worldwide operations of U.S. multinational companies, Contains detailed 1994 data on the operations of U.S. parent companies and their foreign affiliates in 103 tables organized by country and by industry. (140 pages) $14.00, stock no. 003-010-00263-8. \ U.S. Direct Investment Abroad; Operations of U.S. Parent Companies ^nd Their Foreign Affiliates, Revised 1993 Estimates. (1996) Provides reyised results for 1993 from BEA'S annual survey of the worldwide operations of U.S. multinational companies. Contains information on the financial structure and operations of U.S. parent companies and their foreign affiliates. Data are classified by country and industry of affiliate and by industry of US, parent (120 pages) $11,00, stock no. 003-01000262-0.