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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

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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
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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
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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
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3
0
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-2
5
0
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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

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0
24
0

-252

P)
P)
0
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0

P)

-47
0

-13
P)

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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
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76
0
P)
11
P)

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-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
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1,754
75
1,191
1,159
217
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P)

o

1,494
41
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353

38
961

6,103
1,854
11,393
7,629
35,751
1,025
142,560
8,361
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243
4
8
0
99
380

P)
P)

Q

1,910
44
P)
P
374
P)
18
933
63
1,311
P)
24
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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
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402

4
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7,568
1,647
978
1,437
3,506
600
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175
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66
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46,183
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7,245
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3,515
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3,195
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1,369
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4,781
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1,084
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2
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1,861
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177
596
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93
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1
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17,404

7,691
1,064
3,879
870
589
91
372
662
165
20
1
P)
21
P)
68
4,606
297
59
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2,931
1,281
42
3
41
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5,106
181
511
3,305
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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
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O
P)

228
P)
17
3
P)
3
111
0
2
2
22
P)
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4
173

(D)

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a a a a

5
35

8

255
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0
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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)
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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

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160
255
407
806

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454
382
742

191
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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

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7
42
0
4
4
255

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0
10
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9

689

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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
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382

1
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n
16

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4
1

2,981

P)
60
1
4,352

1994

1993

24

1
281

67

Income

Capital outflows (inflows (-))
1992

1996

1995

1

P)
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_4

1. Prior to 1993, data were included in Czechoslovakia,
2. Prior to 1993, included data for Czech Republic and Slovakia.




1993

4

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177
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1992

1996

1995

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620
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41
236
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11
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49

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1996

2

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n
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n
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4
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221
256
259
291
55
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4
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79
3

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1
13
12
21
875
259
249
124
244
53
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964
177
318
166
303
85
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2

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8

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11
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7
75

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242
135
817
94
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1995

6

1,044
-150

1994

1993

24
1
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3

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17
0
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5
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2
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16

9

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3
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22
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n

17

14
12
25

2
16
11
35

1,393

1,458

251
586
184
372
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237
386
202
634
88
1
4

36
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16
7

40
4

29
4

66
274
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66

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53
68

24
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64
61

18
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43
130

32
65
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197

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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

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293
377

392
134

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369

546
567
715
374

1,282

1,743

1,789

108
516
222

173
285
6

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337
862

1,079
1,022

1,817

868

1,029

573

1,855

66
1,509
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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
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411
435
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422
462
88

568
703
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686
814
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627
899
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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!
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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
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FOREIGN DIRECT INVESTMENT
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This publication also includes a methodology that provides the definitions and a description of how the link
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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.