Full text of Survey of Current Business : September 2013
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SURVEY OF CURRENT BUSINESS BE A ’s M O N T H L Y JO U R N A L In T h is Is s u e R e s u lt s D ir e c t . . . o f th e 3 In v e s tm e n t In c o m e R e s e a rc h F lo w s , C o m p r e h e n s iv e P o s it io n s a n d N IP A R e la t e d R e v is io n F in a n c ia l a n d 2 0 0 9 -2 0 1 2 S p o tlig h t S ta te -L e v e l R e s u lt s B E A 2 0 1 R & D b y M u ltin a tio n a l F ro m a n In te ra g e n c y C o m p a n ie s D a ta B r ie fin g E x p e r im e n ta l Q u a r te r ly 3 B E A B U R E A U O F E C O N O M IC A N A L Y S IS U.S. D E P A R T M E N T O F C O M M E R C E ECONOMICS AND STATISTICS ADMINISTRATION G D P b y S ta te L in k P r o je c t U.S. Department of Commerce Penny S. Pritzker, Secretary Economics and Statistics Administration M ark Doms, Under Secretary for Economic Affairs Bureau of Economic Analysis J. Steven Landefeld, Director Brian C. Moyer, Deputy Director Ana M. Aizcorbe, Chief Economist Brian M. Callahan, Chief Information Officer Dennis J. Fixler, Chief Statistician Kathleen James, Chief Administrative Officer Brent R. M oulton, Associate Director for National Economic Accounts Carol E. Moylan, Associate Director for Industry Accounts Joel D. Platt, Associate Director for Regional Economics Sarahelen Thom pson, Associate Director for International Economics BEA Advisory Committee The BEA Advisory Committee advises the Director o f BEA on matters related to the development and improvement o f BEA’s national, regional, industry, and international economic accounts, especially in areas o f new and rapidly growing economic activities arising from innovative and advancing technologies, and it provides recommendations from the perspective of business economists, academicians, researchers, and experts in government and international affairs. Ernst R. Berndt, Chair, Massachusetts Institute of Technology Alan J. Auerbach, University of California, Berkeley Barry P. Bosworth, The Brookings Institution Jeffrey A. Frankel, Harvard University Robert J. Gordon, Northwestern University Maurine A. Haver, Haver Analytics, Inc. Charles R. Hulten, University of Maryland Dale W. Jorgenson, Harvard University Ellen R. McGrattan, Federal Reserve Bank of Minneapolis Therese J. McGuire, Northwestern University William D. Nordhaus, Yale University Joel L. Prakken, Chairman, Macroeconomic Advisers, LLC Andrew D. Reamer, George Washington University James Kim, E d ito r -in -C h ie f M. Gretchen Gibson, M a n a g in g E d ito r Kristina L. Maze, P ro d u ctio n M a n a g e r Colby Johnson, G raph ic D esig n er Danielle Helta, E d ito r The S u r v e y o f C u r r e n t b u s in e s s ( IS S N 0 0 3 9 - 6 2 2 2 ) is p ub lished monthly by the Bureau o f Economic Analysis o f the U.S. Department o f Commerce. Send editorial correspondence to customerservice@bea.gov. Subscriptions to the Su r v e y o f C u r r e n t b u s in e s s are maintained, and the prices are set, by the U.S. Government Printing Office, an agency of the U.S. Congress. To subscribe, call 202-512-1800 or go to bookstore.gpo.gov. The information in this journal is in the public domain and may be reprinted without the permission o f the Bureau o f Economic Analysis. Citation o f the Su r v e y o f C u r r e n t b u s in e s s as the source is appreciated. The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law o f the Department. SURVEY OF CURRENT BUSINESS September 2013 1 Volume 93 • Number 9 GDP and the Economy: Second Estimates for the Second Quarter of 2013 Real GDP rose 2.5 percent after rising 1.1 percent in the first q uarter o f 2013. Business investm ent tu rn ed up. Inventory investm ent and consum er spending slowed. 11 Government Receipts and Expenditures: Second Quarter of 2013 N et governm ent saving increased $227.9 billion to -$855.0 billion. N et federal governm ent saving increased $196.7 billion to -$656.4 billion. Net state and local governm ent saving increased $31.1 billion to -$198.7 billion. 14 Improved Estimates of the National Income and Product Accounts: Results of the 2013 Comprehensive Revision The picture o f the econom y show n by the revised estim ates is sim ilar to the picture show n by the previous estimates. 46 National Income and Product Accounts Tables Annual, quarterly, and m onthly statistics from the 2013 com prehensive revision, second estim ates for the second quarter o f 2013, and prelim inary estim ates for July 2013. 200 Direct Investment for 2009-2012: Detailed Historical-Cost Positions and Related Financial and Income Flows Statistics on (1) the direct investm ent positions and international transactions o f U.S. and foreign m ultinational com panies and (2) the com position o f investm ent by U.S. com panies abroad and foreign com panies in the U nited States. 207 U.S. Direct Investment Abroad Tables 250 Foreign Direct Investment in the United States Tables w w w . b e a . g o v //' 286 September 2013 Research Spotlight State-Level R&D by Multinational Companies: Results From an Interagency Data Link Project Linking data from BEA’s annual surveys o f m ultinational com panies (M NCs) and the Census B ureau’s Survey o f Industrial Research and D evelopm ent yields inform ation on M N C R&D by state. 294 BEA Briefing A First Look at Experimental Quarterly Gross Domestic Product by State These statistics w ould provide an earlier indication o f the health o f the U.S. economy, offering insights into the geographic p attern o f national econom ic trends. D-1 BEA Current and Historical Data iii Director’s Message iv Taking Account BEA’s Web Site and Contacts (inside back cover) Schedule of Upcoming BEA News Releases (back cover) Looking Ahead U.S. International Services. Statistics on cross-border trade for 2012 and services sup plied thro u g h affiliates for 2011. State Personal Income. The results o f the 2013 com prehensive revision th at reflect the com prehensive NIPA revision. September 2013 /'// Director’s Message________________ ■............................... ................. 1 ................. ... . ........................ . ............... ........ In conjunction w ith the 14th com prehensive revision o f the n a tional incom e and pro d u ct accounts (NIPAs), w hich was released in July, we’ve been providing various articles aim ed at explaining the m ajor definitional and statistical changes and their effect on the accounts. This m onth, we’re pleased to provide an article that discusses the revisions attributable to these changes for m ajor NIPA aggregates, specifically revisions to annual current-dollar m easures, annual real gross dom estic pro d u ct (GDP) and prices, and quarterly real GDP. Also in this issue, a BEA Briefing takes a first look at BEA’s u p com ing quarterly GDP by state. We plan to release prototype sta tistics in 2014, w ith the form al launch o f these statistics as an ongoing quarterly series in 2015. Elsewhere, a Research Spotlight takes a look at a new set o f data on research and developm ent for individual states. The new data are the result o f an interagency project th at linked inform ation from BEA’s annual surveys o f m ultinational com panies to infor m ation from the Survey o f Industrial Research and D evelopm ent conducted by the Census B ureau for the N ational Science F oun dation. A nother article offers detailed statistics on (l)d ire c t invest m ent positions at historical cost and (2) financial and incom e flows for U.S. direct investm ent abroad and foreign direct invest m ent in the U nited States. Sum m ary statistics on services tran s actions betw een affiliates and their parent com panies are also presented. These statistics com plem ent the statistics presented in two articles in the July S u r v e y o f C u r r e n t B u s in e s s . Finally, the “GDP and the Econom y” article details second es tim ates for the second quarter o f 2013. A separate article takes a look at governm ent receipts and expenditures for the sam e quar ter. J. Steven Landefeld Director, Bureau o f Econom ic Analysis iv September 2013 Taking Account... Integrating macro and micro income data In recent years, the distribution o f incom e as an indicator o f eco n om ic well-being has generated interest academ ically and politi cally, am id concerns about w id ening o f incom e disparities. To m ore fully explore this issue, a recent research effort at the Bu reau o f Econom ic Analysis (BEA) sought to integrate m acro and m icro incom e estimates to capture the benefits o f both. M acro estim ates o f household incom e and expenditures in the national incom e and pro d u ct ac counts (NIPAs) produced by BEA m easure aggregates and per capita averages. These estimates, however, are lim ited as m easures o f social and econom ic progress because they contain no infor m ation ab out the distribution o f incom e or about other house hold incom e classifications, such as by age and by household type. M icro estim ates o f house hold m oney incom e and expen ditures from the Census B ureau’s C urrent Population Survey A nnual Social and Eco nom ic Supplem ent (CPS-ASEC) an d from the B ureau o f La b o r Statistics’ C onsum er Expen diture Survey (CE) provide in fo rm atio n about incom e distribution, including m easures o f m edian household incom e. However, these m easures o f cash incom e and expenditures are m ore narrow ly defined. In addi tion, users o f these m easures m u st grapple w ith issues related to u n d erreporting, n o n re p o rt ing, and the underrepresenta tion o f high-incom e households. The m acro and m icro data have provided conflicting signals in recent years. M acro estim ates o f real per capita disposable p er sonal incom e (DPI) showed m oderate increases from 2000-2008, followed by a sharp decline in 2009, and a small in crease in 2010 th at left it at about the 2006 level. However, real m edian household m oney incom e derived from CPS-ASEC was little changed betw een 2000 and 2007 and has since steadily declined. Real per capita DPI was 12 percent higher in 2010, com pared w ith 2000, while real m edian incom e fell by 7 percent, for a cum ulative difference o f 19 percentage points over the 10year period. Similar differences between BEA estim ates and those based on the CE have been noted. These differences have been m uch discussed. The faster grow th in the national accounts m easures— which rely m ainly on business surveys, tax infor m ation, and adm inistrative data— have been attributed to a n u m b er o f factors, including the inclusion o f in-kind supple m ents to wages and salaries in the NIPA estimates; the inclu sion o f in-kind governm ent so cial benefits, such as M edicare and M edicaid, in the NIPAs; b et ter coverage o f high-incom e in dividuals; and the overstatem ent by NIPA data because o f the use o f average rather th an m edian or quintile data. The integrated data for 2006-2010 provides insights lacking in any o f the existing data sets. For example, control ling the detailed com ponent es tim ates in the m icro sources to the m acro values w ould account for the varying degrees o f u n d er reporting in the m icro co m p o nents. Inclusion o f th ird -p arty paym ents and im putations from the m acro estim ates w ould ac count for the 30 percent o f p er sonal consum ption expenditures n o t captured in the out-ofpocket expenditures from the CE. T hird-party paym ents are particularly im p o rtan t for health care, where the m ajority o f care is financed by em ployer-sponsored health insurance and by governm ent program s rather th an by out-of-pocket expendi tures captured in the CE. In general, the integrated esti m ates o f household disposable incom e show a lesser degree o f incom e inequality th an the m i cro estim ates largely because of (1) the inclusion o f in-kind governm ent social benefits, p ri m arily for health care, th at dis proportionately benefit lower incom e households, and (2) the exclusion o f personal incom e taxes, w hich are paid dispro p o r tionately by high-incom e h o u se holds. Changes in 2006-2010 show a small narrow ing in in com e discrepancies, reflecting declines in self-em ploym ent and p roperty incom e for the top quintile and increases in govern m en t social benefits and lower taxes for the lowest quintile. 1 September 2013 G D P a n d th e E c o n o m y Second Estim ates for the Second Q uarter of 2013 R EAL GROSS dom estic p roduct (GDP) increased ,.2.5 percent at an annual rate in the second quarter o f 2013, according to the second estim ates o f the n a tional incom e and pro d u ct accounts (NIPAs) (chart 1 and table l ) . 1 The estim ate o f real GDP grow th was re vised up 0.8 percentage po in t from the advance esti m ate o f 1.7 percent; the upw ard revision prim arily reflected an upw ard revision to exports, a dow nw ard revision to im ports, and an upw ard revision to private inventory investm ent th at were partly offset by a dow nw ard revision to state and local governm ent spending.2 • The acceleration in real GDP in the second quarter prim arily reflected u p tu rn s in exports and in nonresidential fixed investm ent and a sm aller decrease in federal governm ent spending th at were partly offset by an acceleration in im ports and by decelerations in inventory investm ent and in consum er spending. • Prices o f goods and services purchased by U.S. resi dents increased 0.3 percent in the second quarter, unrevised from the advance estimate; in the first quarter, these prices increased 1.2 percent. Energy prices decreased m ore in the second quarter than in the first quarter. Food prices slowed. Excluding food and energy, prices increased 0.9 percent after increas ing 1.4 percent (see table 7). • Real disposable personal incom e (DPI) increased 3.2 percent in the second quarter after decreasing 7.9 percent in the first quarter (revised) (see “Personal Incom e for the First Q uarter o f 2013” on page 9). C urrent-dollar DPI increased 3.3 percent after decreasing 7.0 percent (revised). • The personal saving rate, personal saving as a per centage o f current-dollar DPI, was 4.5 percent; in the first quarter, the rate was 4.1 percent (revised). • C orporate profits from current production increased $78.3 billion in the second quarter after decreasing $26.6 billion in the first quarter (see table 9). Chart 1. GDP, Prices, Disposable Personal Income (DPI) Real GDP: Percent change from the preceding quarter1 6 2009 2010 2011 2012 2013 Contributions to the percent change in real GDP in 2013:11 C o n s u m e r s p e n d in g N o n re s id e n tia l fjx e d in v e s tm e n t R e s id e n tia l fix e d in v e s tm e n t In v e n to ry in v e s tm e n t E x p o rts G o v e rn m e n t s p e n d in g -1 0 i Percentage points at an annual rate Prices: Percent change from the preceding quarter1 4 P ric e s o f g ro s s d o m e s tic p u rc h a s e s 2009 2010 2011 2012 2013 Real DPI: Percent change from the preceding quarter1 8 6 4 2 1. “Real” estimates are in chained (2009) dollars, and price indexes are chain-type measures. Each GDP estimate for a quarter (advance, second, and third) incorporates increasingly comprehensive and improved source data; for more information, see “Revisions to GDP, GDI, and Their Major Components” in the July 2 0 1 1 S u r v e y o f C u r r e n t B u s in es s . Quarterly esti mates are expressed at seasonally adjusted annual rates, which assumes that a rate o f activity for a quarter is maintained for a year. 2. In this article, “consumer spending” refers to “personal consumption expenditures,” “inventory investment” refers to “change in private invento ries,” and “government spending” refers to “government consumption expenditures and gross investment.” 0 -2 -4 I lil 1 1 !■ l | ! -6 -10 J____I____L 2009 2010 J ____I____L 2011 1. Seasonally adjusted at annual rates U.S. Bureau of Economic Analysis Lisa S. M ataloni prepared this article. 201 2 2013 2 GDP and the Economy September 2013 Real GDP Overview Table 1. Real Gross Domestic Product (GDP) and Related Measures [Seasonally adjusted at annual rates] Share of currentdollar GDP (percent) Change from preceding period (percent) 2012 2013 Contribution to percent change in real GDP (percentage points) 2013 2012 2013 II III IV I II III IV I II Gross dom estic p ro d u c t1 ..... 100.0 2.8 0.1 1.1 2.5 2.8 0.1 1.1 2.5 Personal consum ption expenditures................................ 68.6 1.7 1.7 2.3 1.8 1.15 1.13 1.54 1.21 G oods............................................ Durable goods........................... Nondurable goods.................... Services........................................ 23.1 7.5 15.6 45.5 3.7 8.3 1.6 0.7 3.7 3.7 5.8 2.7 1.5 3.2 6.1 1.8 1.1 0.84 10.5 0.6 0.6 0.85 0.74 0.10 0.29 0.85 0.43 0.43 0.69 0.73 0.45 0.28 0.48 Gross private dom estic in vestm ent................................... 15.8 6.5 -2 .4 4.7 9.9 0.99 -0.36 0.71 1.48 Fixed investment........................... 15.2 2.7 11.6 -1.5 6.0 0.39 1.63 -0.23 0.90 Nonresidential........................... 12.2 0.3 9.8 -4.6 4.4 0.04 1.13 -0 .5 / 0.53- Structures.............................. Equipment............................. Intellectual property products 2.7 5.6 3.9 5.9 -3.9 2.8 17.6 -25.7 8.9 1.6 5.7 3.7 16.1 0.15 2.9 -0.22 -0.9 0.11 0.44 -0.80 0.40 0.47 0.09 0.16 0.21 0.14 -0.04 Residential................................ 3.1 14.1 19.8 12.9 0.50 0.34 0.37 Change in private inventories...... 0.5 0.60 -2.00 0.93 0.59 -0.03 0.68 -0.28 0.00 0.05 0.15 -0.18 1.11 0.16 -0.28 -0.27 0.90 Net exports o f goods and s e rv ic e s ......................................... 12.5 -3.0 Exports........................................... 13.5 0.4 1.1 -1 .3 8.6 Goods........................................ 9.3 1.6 -3 .0 -2.8 10.1 0.59 0.25 0.31 0.35 Services.................................... 4.1 -2.6 11.3 2.2 5.2 -0.10 0.43 Imports........................................... 16.5 0.5 -3.1 0.6 7.0 -0.08 0.53 -0 .1 0 -1.11 0.09 0.21 Goods........................................ 13.7 0.4 -3.5 -0.2 7.1 -0.05 0.50 Services.................................... Government consum ption expenditures and gross in vestm ent................................... 2.8 1.0 -1.0 5.0 6.3 -0.03 0.03 -0.13 -0.17 18.7 3.5 -6.5 -4.2 -0.9 0.67 -1.31 -0.82 -0.18 Federal........................................... 7.5 8.9 -13.9 -8.4 -1 .6 0.69 -1.19 -0.68 -0.12 National defense...................... 4.7 12.5 -21.6 -11.2 -0.6 0.60 -1.22 -0.57 -0.03 Nondefense............................... 2.9 2.8 1.0 -3.6 -3.2 0.08 State and local.............................. 11.2 -0.2 -1.0 -1.3 -0.5 -0.02 -0.12 -0.14 -0.06 0.03 -0.95 0.03 -0.11 -0.09 Addenda: Final sales of domestic product...... 99.5 2.2 2.2 0.2 1.9 2.19 0.21 1.93 G oods................................................ Services............................................. Structures.......................................... 30.7 62.0 7.3 4.8 1.6 4.7 -1.2 -0.6 12.7 5.5 0.3 -9.2 5.0 0.6 9.1 1.46 -0.36 1.63 1.00 -0.35 0.21 0.32 0.85 -0.70 1.50 0.37 0.64 Motor vehicle output........................ GDP excluding motor vehicle output Final sales of computers.................. GDP excluding final sales of computers..................................... Research and development (R&D) GDP excluding R & D ........................ 2.8 97.2 0.4 0.2 2.9 0.9 -2.8 0.2 50.3 9.2 0.9 17.5 11.5 2.3 17.4 0.01 -0.07 2.78 0.22 0.00 0.16 0.24 0.91 0.07 0.30 2.21 0.07 99.6 2.5 97.5 2.8 1.7 2.8 0.0 0.4 0.1 1.1 -0.2 1.2 2.5 -0.2 2.6 2.78 -0.02 0.04 0.01 2.74 0.13 1.08 0.00 1.15 2.45 0.00 2.52 DM 44 ?A ?s Gross domestic income (G D I)2....... 2.14 1. The estimates of GDP under the contribution columns are also percent changes. 2. GDI is deflated by the implicit price deflator for GDP The first-quarter change in GDI reflects the incorpora tion of revised wage and salary estimates for the first quarter of 2013. N o te . Percent changes are from NIPA tables 1.1.1 and 1.2.1, contributions to percent change are from NIPA tables 1.1.2 and 1.2.2, and shares are from NIPA table 1.1.10, or they are calculated from table 1.2.5. For GDI, percent changes are from NIPA table 1.7.1. 2013 Com prehensive NIPA Revision The estimates for the third and fourth quarters of 2012 and for the first quarter of 2013 reflect the comprehensive NIPA revision that was released on luly 31, 2013. See “Improved Estimates of the National Income and Product Accounts: Results of the 2013 Comprehensive Revi sion” in this issue. Real GDP accelerated in the second quarter. The accel eration primarily reflected upturns in exports and in nonresidential fixed investment and a smaller decrease in federal government spending that were partly offset by an acceleration in imports and slowdowns in in ventory investment and in consumer spending. Consumer spending added 1.21 percentage points to real GDP growth after adding 1.54 percentage points. The slowdown reflected slowdowns both in services and goods. The upturn in nonresidential fixed investment pri marily reflected an upturn in structures. (See page 4.) Inventory investment added 0.59 percentage point to the change in real GDP after adding 0.93 percentage point. (See page 5.) Exports added 1.11 percentage points to real GDP growth after subtracting 0.18 percentage point. The upturn in exports primarily reflected an upturn in ex ports of goods. (See page 6.) Imports accelerated, subtracting 1.11 percentage points from real GDP growth after subtracting 0.10 percentage point. The acceleration primarily reflected an upturn in goods imports, especially automotive ve hicles, engines, and parts. The smaller decrease in federal government spending was primarily accounted for by a smaller decrease in defense spending. (See page 7.) Real final sales of domestic product, real GDP less in ventory investment, increased 1.9 percent after in creasing 0.2 percent. Real gross domestic income, which measures the out put of the economy as the incomes earned and costs incurred in production, increased 2.5 percent after in creasing 2.4 percent (revised). September 2013 S urvey of 3 C u r r e n t B u s in e s s Consumer Spending Table 2. Real Personal Consumption Expenditures (PCE) [Seasonally adjusted at annual rates] Share of currentdollar PCE (percent) Change from preceding period (percent) 2013 II 2012 III Contribution to percent change in real PCE (percentage points) 2013 IV I 2012 II III 2013 IV I II P C E '................................... 100.0 1.7 1.7 2.3 1.8 1.7 1.7 2.3 1.8 G oods......................................... 33.7 3.7 3.7 3.7 3.2 1.23 1.24 1.24 1.06 Durable g o o d s ...................... 11.0 8.3 10.5 5.8 6.1 0.86 1.09 0.62 0.65 Motor vehicles and parts.... 3.7 8.3 14.3 5.2 -0.8 0.28 0.49 0.19 -0.03 2.5 5.6 4.4 4.1 8.7 0.14 0.11 0.10 0.21 3.0 1.8 11.5 6.9 10.7 11.5 8.1 5.8 11.8 7.9 0.33 0.12 0.31 0.19 0.24 0.10 0.34 0.14 Nondurable g o o d s ............... 22.7 1.6 0.6 2.7 1.8 0.36 0.15 0.62 0.40 Food and beverages purchased for offpremises consumption.... 7.7 1.6 0.9 2.0 -1.3 0.13 0.07 0.15 -0.10 Clothing and footwear........ Gasoline and other energy goods............................... 3.2 5.2 -1.8 1.8 5.7 3.4 -3.3 -5.3 4.5 Other nondurable goods.... 8.4 2.4 4.2 3.0 S e rvices..................................... 66.3 0.7 0.6 1.5 Household consumption expenditures....................... 63.9 0.6 0.3 Housing and utilities........... 18.2 1.3 -2.7 Health care......................... Transportation services Recreation services............ Food services and accommodations............. 16.6 2.8 3.7 2.3 1.0 1.1 6.4 Furnishings and durable household equipment.... Recreational goods and vehicles............................ Other durable go o d s......... Financial services and insurance........................ Other services.................... Final consumption expendi tures of NPISHs2................ Gross output of NPISHs3... Less: Receipts from sales of goods and services by NPISHs4......................... 0.16 -0.06 0.06 0.18 0.8 -0.12 -0.21 0.16 0.03 3.7 0.20 0.34 0.25 0.30 1.1 0.47 0.43 1.01 0.71 2.4 1.6 0.37 0.20 1.53 1.03 4.7 -0.1 0.23 -0.50 0.84 -0.02 2.3 -0.2 -1 .7 1.3 2.9 2.4 2.6 2.5 2.0 0.37 0.38 0.03 -0.01 0.04 -0.06 0.21 0.08 0.09 0.42 0.07 0.07 1.3 6.5 2.5 1.0 0.08 0.40 0.16 0.06 7.4 -6.7 -0.2 5.5 3.8 -0.51 -0.01 0.39 0.28 8.7 1.5 0.2 -2.8 1.6 0.13 0.02 -0.25 0.14 2.5 10.6 3.4 4.3 9.0 -18.1 -12.2 1.2 -3.0 0.0 0.09 0.45 0.23 -0.51 -0.32 0.13 -0.32 0.00 8.2 4.5 Consumer spending slowed in the second quarter, re flecting slowdowns in spending for both services and goods. The slowdown in spending for goods primarily re flected downturns in food and beverages purchased for off-premises consumption and in motor vehicles and parts (specifically used motor vehicles). Spending for durable goods accelerated slightly. Ex cept for the downturn in motor vehicles and parts, the pickup in spending for durable goods was widespread; the largest contributors were furnishings and durable household equipment and recreational goods. Spending for nondurable goods slowed, primarily re flecting the downturn in food and beverages pur chased for off-premises consumption and a slowdown in gasoline and other energy goods, particularly fuel oil. The slowdown in spending for services primarily re flected a downturn in housing and utilities (especially electricity and gas utilities) that was partly offset by an upturn in “other” services (especially cellular tele phone services). Chart 2. Real Personal Consumption Expenditures P e rc e n t c h a n g e fro m th e p re c e d in g q u a rte r 5 S e asonally adjusted at annual rates 4 -1.3 2.4 4.0 0.36 -0.10 0.19 ........................................................................................ ............... 0.32 1. The estimates under the contribution columns are also percent changes. 2. Gross operating expenses less primary sales to households. 3. Net ot unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 4. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. Note. Percent changes are from NIRA table 2.3.1, contributions are from NIPA table 2.3.2, and shares are calculated from NIPA table 2.3.5. NPISHs Nonprofit institutions serving households -1 .............................................................................................................................. _2 ____I____I____I____I____I____I____I____I____I____ I____I____I____I____ I____I___ 2009 2010 2011 2012 2013 C o n trib u tio n s to th e p e rc e n t c h a n g e in c o n s u m e r s p e n d in g in 2013:11 P e rc e n ta g e p o in ts a t a n a n n u a l ra te U.S. Bureau of Economic Analysis 4 GDP and the Economy September 2013 Private Fixed Investment Table 3. Real Private Fixed Investment (PFI) Private fixed investment turned up in the second quarter, primarily reflecting an upturn in nonresidential fixed investment. [Seasonally adjusted at annual rates] Share of currentdollar PFI (percent) Change from preceding period (percent) 2013 II 2012 Contribution to percent change in real PFI (percentage points) 2012 2013 III IV I II III 2013 IV I II Private fixed investm ent1 100.0 2.7 11.6 -1.5 6.0 2.7 Nonresidential............................ 79.9 0.3 9.8 -4.6 4.4 0.28 S tru ctu re s ............................... 17.8 5.9 17.6 -25.7 16.1 1.05 Commercial and health care 4.1 12.0 -3.4 -0.5 -8.5 0.49 -0.14 -0.02 -0.37 Manufacturing...................... 1.8 5.6 17.1 -5.4 -15.8 0.10 0.31 -0.11 -0.32 3.08 -4.67 1.09 -1.5 6.0 8.09 -3.75 11.6 3.59 3.10 -5.29 2.68 Power and communication 3.7 17.8 98.0 -68.3 34.3 0.65 Mining exploration, shafts, and wells.......................... 5.5 -6.3 -2.0 -1.6 30.3 -0.34 -0.10 -0.08 1.41 Other structures 2................ 2.7 5.5 -2.5 -15.2 39.3 0.14 -0.06 -0.42 0.87 E q u ip m e n t.............................. 36.8 -3.9 8.9 1.6 2.9 -1.48 3.51 0.59 1.15 Information processing equipment........................ 11.5 -4.b 20.0 -2 ./ 9.2 -0.53 2.21 -0.31 1.04 80.1 -15.8 -14.4 -1.28 1.91 -0.56 -0.48 1.52 Computers and peripheral equipment... 3.0 -33.4 O ther3.............................. 8.5 9.2 3.1 3.0 19.4 0.75 0.30 0.24 Industrial equipment............ 7.9 0.3 6.2 0.3 -0.5 0.03 0.52 0.02 -0.03 Transportation equipment.... 8.4 -16.9 1.1 -7.6 4.9 -1.66 Other equipment4 9.0 7.8 5.6 18.8 -3.3 0.69 0.54 1.56 -0.29 Intellectual property p ro d u cts .............................. 25.4 2.8 5.7 3.7 -0.9 0.71 1.49 0.94 -0.24 Software5.............................. 11.6 3.7 9.4 7.7 -1.5 0.43 1.08 0.86 -0.18 Research and development6................... 3.1 -0.3 -1.0 0.30 0.35 0.23 -0.68 0.43 10.8 2.7 Entertainment, literary, and artistic originals............... 3.0 -0.8 1.9 4.0 1.7 -0.02 0.06 0.12 0.05 Residential.................................. 20.1 14.1 19.8 12.5 12.9 2.40 3.48 2.27 2.46 S tructures............................... 19.8 14.3 20.1 12.6 13.0 2.37 3.46 2.23 2.42 Permanent site.................... 7.8 31.5 42.4 30.8 13.0 1.75 2.48 1.96 0.96 Single fam ily.................... 6.5 27.9 39.9 28.2 9.3 1.34 2.00 1.54 0.58 -0.04 -0.11 Multifamily........................ 1.2 54.8 57.4 46.5 36.0 0.41 0.48 0.42 0.37 Other structures7................ 12.0 5.6 8.6 2.4 12.9 0.63 0.98 0.27 1.46 E q uipm ent.............................. 0.4 7.9 6.2 9.3 10.0 0.03 0.02 0.03 0.04 1. The estimates under the contribution columns are also percent changes. 2. Consists primarily of religious, educational, vocational, lodging, railroads, farm, and amusement and recre ational structures, net purchases of used structures, and brokers’ commissions on the sale of structures. 3. Includes communication equipment, nonmedical instruments, medical equipment and instruments, photo copy and related equipment, and office and accounting equipment. 4. Consists primarily of furniture and fixtures, agricultural machinery, construction machinery, mining and oilfield machinery, service industry machinery, and electrical equipment not elsewhere classified. 5. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Excludes expenditures for software development, which are included in expenditures for software invest ment. 7. Consists primarily of manufactured homes, improvements, dormitories, net purchases of used structures, and brokers’ commissions and other ownership transfer costs. N o t e . Percent changes are from NIPA table 5.3.1, contributions are from NIPA table 5.3.2, and shares are calculated from NIPA table 5.3.5. The upturn in nonresidential fixed investment re flected an upturn in structures and an acceleration in equipment that were partly offset by a downturn in in tellectual property products. The upturn in structures primarily reflected an up turn in power and communication structures. The acceleration in equipment was more than ac counted for by an acceleration in “other” information processing equipment (specifically imported commu nications equipment) and an upturn in transportation equipment that were partly offset by a downturn in “other” equipment. The downturn in intellectual property products pri marily reflected a downturn in software. Spending on research and development decreased slightly more than in the first quarter, and spending on entertain ment, literary, and artistic originals decelerated. Residential fixed investment picked up, primarily re flecting a pickup in “other” structures (mainly im provements and brokers’ commissions) that was partly offset by a slowdown in single-family struc tures. Chart 3. Real Private Fixed Investment P e rc e n t c h a n g e fro m th e p re c e d in g q u a rte r 20 15 10 5 0 -5 2009 2010 2011 2012 2013 C o n trib u tio n s to th e p e rc e n t c h a n g e in re a l p riv a te fix e d in v e s tm e n t in 2 013:11_________________________________________________________________ N o nresidential structures Nonresidential equipm ent Nonresidential intellectual property products Residential investm ent - 1 0 1 2 P ercentage points at an annual rate U.S. Bureau of Economic Analysis 3 September 2013 S urvey 5 C u r r e n t B u s in e s s of Inventory Investment Table 4. Change in Real Private Inventories by Industry [Billions of chained (2009) dollars; seasonally adjusted at annual rates] Change from preceding quarter Level 2012 II III 2012 2013 IV I II III 2013 IV II I Change in private in ventories1 56.8 77.2 7.3 42.2 62.6 20.4 -69.9 34.9 Farm.................................................. -4.9 -13.6 -9.6 16.0 20.0 -8.7 4.0 25.6 20.4 Mining, utilities, and construction.... 7.3 -3.4 -2.5 -9.8 1.2 -1 0 .7 0.9 -7.3 11.0 N Manufacturing.................................. 2.9 34.3 -17.5 6.1 9.6 31.4 -51.8 23.6 3.5 Durable-goods industries............ 9.8 22.7 3.1 5.4 8.1 12.9 -19.6 2.3 2.7 Nondurable-goods industries..... -5.9 11.9 -18.9 0.9 1.9 17.8 -30.8 19.8 1.0 Wholesale trade............................... 13.0 31.9 9.7 9.7 2.6 18.9 -22.2 0.0 -7.1 -2.5 4.0 Durable-goods industries............ 24.5 22.0 14.5 11.2 3.7 -7.5 -3.3 -7.5 Nondurable-goods industries..... -8.7 10.6 -3.2 -0.5 -0.7 19.3 -13.8 2.7 -0.2 Retail trade....................................... 28.7 26.2 24.7 17.2 22.7 -2.5 -1.5 -7.5 5.5 Motor vehicle and parts dealers 21.0 22.2 13.7 6.0 14.0 1.2 -8.5 -7.7 8.0 Food and beverage stores........... -1.0 0.3 0.4 0.8 3.1 1.3 0.1 0.4 2.3 General merchandise stores 0.3 -1.1 5.5 5.7 2.5 -1.4 6.6 0.2 -3.2 Other retail stores........................ 8.5 4.9 5.3 4.9 3.1 -3.6 0.4 -0.4 -1.8 Other industries................................ 14.4 7.3 6.6 -0.9 2.7 -7.1 -0.7 -7.5 3.6 Residual2 .......................................... -8.5 -6.6 -7.6 2.5 3.0 1.9 -1.0 10.1 0.5 Private inventories to final sales 2.31 2.33 2.30 2.31 2.31 Nonfarm inventories to final sales 2.13 2.15 2.13 2.13 2.13 Nonfarm inventories to final sales of goods and structures........... 3.85 3.87 3.81 3.82 3.80 Addenda: Ratios of private inventories to final sales of dom estic business:3 1. The levels are from NIPA table 5.7,6B. 2. The residual is the difference between the first line and the sum of the most detailed lines. 3. The ratios are from NIPA table 5.8.6B. N ote . The chained-dollar series are calculated as the period-to-period change in end-of-period inventories. Quarterly changes are stated at annual rates. Because the formula for the chain-type quantity indexes uses weights of more than one period, chained-dollar estimates are usually not additive. Real inventory investment increased $20.4 billion in the second quarter after increasing $34.9 billion in the first quarter. The slowdown primarily reflected a slow down in farm inventory investment that was partly offset by upturns in mining, utilities, and construction industries and in retail trade industries that were partly offset by a deceleration in manufacturing in dustries. Farm inventory investment increased $4.0 billion after increasing $25.6 billion; the slowdown followed a first-quarter pickup in crop output after the Midwest drought in 2012. Mining, utilities, and construction utilities increased $11.0 billion after decreasing $7.3 billion. The deceleration in manufacturing industries primar ily reflected a slowdown in nondurable-goods indus tries. The upturn in retail trade industries was more than accounted for by an upturn in motor vehicle and parts dealers. Chart 4. Real Private Inventory Investment C h a n g e fro m th e p re c e d in g q u a rte r B illio n s o f c h a in e d (2 0 0 9 ) d o lla rs 200 S e asonally adjusted at annual rates 150 Inventory Investment The change in real private inventories, often called real pri vate inventory investment, represents the change in the physical stock of goods held by businesses. It includes fin ished goods, goods at various stages of production, and raw materials. The change in private inventories is a key component of gross domestic product (GDP), which aims to measure out put derived from current production. To include the value of currently produced goods that are not yet sold and to exclude the value of goods produced in previous periods, the change in private inventories must be included in the GDP calculation. Thus, GDP can also be seen as the sum of final sales of domestic product and the change in private inventories (table 2). For most industries, the estimates of change in private inventories are prepared by revaluing book-value estimates of inventories from the Census Bureau to a replacement-cost basis and calculating the change over a quarter or a year. BEA provides estimates for incomplete industry data. 100 50 -5 0 -1 0 0 J ____ I____ I____ I____ I____ I____ I____ I____ L 2009 2010 2011 2012 J____ I____L 2013 C o m p o s itio n o f c h a n g e in in v e n to ry in v e s tm e n t in 2013:11 Farm lin in g , utilities, and construction M anufacturing W holesale trade ■ Retail trade O th e r industries -1 0 -5 U.S. Bureau of Economic Analysis 0 10 15 6 GDP and the Economy September 2013 Exports and Imports Table 5. Real Exports and Imports of Goods and Services [Seasonally adjusted at annual rates] Share of currentdollar exports and imports (percent) Change from preceding period (percent) 2012 2013 II Contribution to percent change in real exports and imports (percentage points) III 2012 2013 IV I II III IV 100,0 0.4 1.1 -1.3 8.6 E xports o f g o o d s 2.......................... 69.2 1.6 -3.0 -2 .8 10.1 Foods, feeds, and beverages Industrial supplies and materials Capital goods, except automotive Automotive vehicles, engines, and parts........................................... Consumer goods, except automotive................................. Other.............................................. 5.3 21.3 24.1 6.9 -6.3 -2.4 21.0 -0.43 -0.16 8.8 2.8 -2.1 19.5 3.3 0.2 36.b -0.18 62.4 -28.6 -12.7 0.51 0.2/ 1.50 Exports o f se rv ic e s 2 ..................... 30.8 -2.6 11.3 5.2 -0.78 3.23 Exports o f goods and se rv ic e s 1 17.7 -33.8 -4.0 0.8 4.7 -5.1 0.4 2013 2.2 II 1.1 -1.3 8.6 1.15 -2.11 -1.99 6.97 -0.8 -27.2 1.04 -2.60 -0.2 8.6 -0.90 0.16 -4.4 14.1 1.11 -1.27 3.1 I -1.06 3.25 0.20 1.31 0.02 2./1 -1.06 -0.40 0.66 1.60 100.0 0.5 -3.1 0.6 7.0 -3.1 0.6 Im ports o f g o o d s 2.......................... 83.2 0.4 -3.5 -0.2 7.1 0.34 -2.96 -0.19 5.93 Foods, feeds, and beverages...... Industrial supplies and materials, except petroleum and products Petroleum and products............... Capital goods, except automotive Automotive vehicles, engines, and parts.......................................... Consumer goods, except automotive................................. 4.2 8.3 3.7 11.9 2.9 0.33 0.47 0.13 Im ports o f goods and services1 10.7 13.6 20.0 8.4 -11.2 10.0 -5.5 -10.7 -10.7 -5.7 2.4 -0.7 1.02 -0.27 -1.70 -0.43 -0.14 0.50 -4.5 -12.1 29.0 -1.40 3.1 0.4 8.b -1.2 -20.9 55.1 11.2 7.3 2.3 3.9 Im ports o f s e rv ic e s 2 ..................... 16.8 Addenda: Exports of agricultural goods3 Exports of nonagricultural goods. Imports of nonpetroleum goods... 5.9 63.3 69.6 0.15 7 .0 ' -2.7 0.87 -1.25 -3.0 -0.87 -1.70 0.49 2.4 -1.17 19.6 Other.............................................. 0.5 -0.04 -1.77 1.86 -0.05 1.0 -1.0 16.7 -32.9 0.1 1.0 1.7 -1.9 5.0 0.77 -0.50 2.84 0.44 0.60 0.0/ 1.6b 48.6 -0.03 -0.76 1.48 1.51 0.16 -0.17 0.81 1.04 6.3 -0.6 -24.5 -3.1 14.3 2.2 9.3 Exports of goods and services turned up in the second quarter, reflecting an upturn in exports of goods and a pickup in exports of services. The upturn in exports of goods primarily reflected an upturn in nonautomotive capital goods and a pickup in nonautomotive consumer goods that were partly offset by a larger decrease in foods, feeds, and bever ages. The pickup in exports of services primarily reflected an upturn in “other” private services and an accelera tion in passenger fares that were partly offset by a de celeration in “other” transportation. Imports of goods and services accelerated, reflecting an upturn in imports of goods and a small pickup in imports of services. The upturn in imports of goods was relatively wide spread among the components. The largest contribu tor was an upturn in automotive vehicles, engines, and parts. Nonpetroleum industrial supplies and materials turned down. The pickup in imports of services mainly reflected an acceleration in travel and a smaller decrease in direct defense expenditures that were partly offset by decel erations in “other” transportation and in royalty and license fees. 1. The estimates under the contribution columns are also percent changes. 2. Exports and imports of certain goods, primarily military equipment purchased and sold by the federal govern ment, are included in services. 3. Includes parts of foods, feeds, and beverages, of nondurable industrial supplies and materials, and of nondu rable nonautomotive consumer goods. N o te . Percent changes are from NIPA table 4.2.1, contributions are from NIPA table 4.2.2, and shares are calcu lated from NIPA table 4.2.5. Chart 5. Real Exports and Imports of Goods and Services P ercent c h a n g e from the p receding quarter U.S. Bureau of Economic Analysis September 2013 S urvey 7 C u r r e n t B u s in e s s of Government Spending Table 6. Real Government Consumption Expenditures and Gross Investment (CEGI) [Seasonally adjusted at annual rates] Share of currentdollar CEGI (percent) 2013 II Government consum ption expen-ditures and gross in vestm ent1............................... Consumption expenditures 2012 III 2013 IV I 2012 II 100.0 3.5 -6.5 -4.2 -0.9 80.8 5.3 -6.8 -2.7 -1.0 -3.9 Gross investment....................... 19.2 F ederal............................................... 40.2 National d e fe n se......................... Consumption expenditures....... -5.3 -10.1 III 3.5 2013 IV I II -6.5 -4.2 -0 .9 4.22 -5.53 -2.19 -0.81 -0.7 -0.76 -0.99 -2.02 -0.14 -8.4 -1.6 3.54 -5.94 -3.47 -0.65 24.9 12.5 -21.6 -11.2 -0.6 3.12 -6.11 -2.92 -0.15 19.7 16.2 -24.9 -3.2 3.15 -5.74 -1.97 -0.65 8.9 -13.9 Gross investment....................... 5.2 -0.8 Nondefense................................... 15.3 2.8 Consumption expenditures Contribution to percent change in real CEGI (percentage points) Change from preceding period (percent) -9.6 -7.5 -17.3 1.0 10.3 -0.03 -0.37 -0.95 0.50 -3.6 -3.2 0.43 0.17 -0.55 - 0 .5 0 ' 0.26 -0.28 -0.42 11.6 3.8 2.2 -2.4 -3.6 0.43 Gross investment....................... 3.7 -0.1 -2.6 -7.2 -2.0 0.00 -0.09 -0.27 -0.08 State and lo ca l.................................. 59.8 -0.2 -1 .0 -1.3 -0.5 -0.08 -0.58 -0.74 -0.29 Consumption expenditures............ 49.5 1.3 -0.1 0.1 Gross investment.......................... 10.4 -6.6 -5.2 -7.5 0.5 0.64 -0.05 0.06 0.26 -5.2 -0.72 -0.53 -0.80 -0.56 1. The estimates under the contribution columns are also percent changes. Note. Percent changes are from NIPA table 3.9.1, contributions are from NIPA table 3.9.2, and shares are calculated from NIPA table 3.9.5. Government spending decreased less in the second quarter than in the first quarter, primarily reflecting a smaller decrease in federal government spending. The smaller decrease in federal government spending was mostly accounted for by a smaller decrease in na tional defense spending. The smaller decrease in national defense spending was accounted for by an upturn in gross investment and a smaller decrease in consumption expenditures. Nondefense spending decreased slightly less than in the first quarter, reflecting a smaller decrease in gross investment that was mostly offset by a larger decrease in consumption expenditures. State and local government spending decreased less than in the first quarter; the smaller decrease reflected a smaller decrease in gross investment and a slight pickup in consumption expenditures. Chart 6. Real Government Consumption Expenditures and Gross Investment Percent change from the preceding quarter 6 S e a s o n a lly a d ju s te d a t a n n u a l ra te s Government Spending “Government consumption expenditures and gross invest ment,” or “government spending,” consists of two compo nents: (1) consumption expenditures by federal government and by state and local governments and (2) gross investment by government and government-owned enterprises. Government consumption expenditures consists of the goods and services that are produced by general government (less any sales to other sectors and investment goods pro duced by government itself). Governments generally pro vide services to the general public without charge. The value of government production—that is, government’s gross out put—is measured as spending for labor and for intermediate goods and services and a charge for consumption of fixed capital (which represents a partial measure of the services provided by government-owned fixed capital). Gross investment consists of new and used structures (such as highways and dams), of equipment, and of intellec tual property products purchased or produced by govern ment and government-owned enterprises. Government consumption expenditures and gross invest ment excludes current transactions of government-owned enterprises, current transfer payments, interest payments, subsidies, and transactions in financial assets and nonpro duced assets, such as land. _ J ___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I___ I— 2 00 9 2010 2011 2012 2013 Contributions to the percent change in government spending in 2013:11 - 0 .6 - 0 .5 - 0 .4 - 0 .3 - 0 .2 Percentage points at an annual rate U.S. Bureau of Economic Analysis - 0 .1 0 .0 8 GDP and the Economy September 2013 Prices Table 7. Prices for Gross Domestic Purchases [Percent change at annual rates; based on seasonally adjusted index numbers (2009=100)] Contribution to percent change in gross domestic purchases prices (percentage points) Change from preceding period (percent) 2012 III Gross dom estic purchases1 2012 2013 2013 IV 1.6 1.2 0.3 1.4 1.6 1.2 0.72 Personal consum ption expenditures...... 1.6 1.1 0.0 1.13 1.08 G oods......................................................... 0.7 -1.0 -3.3 0.30 0.16 -0.22 Durable goods........................................ -2.1 -1.1 -2.0 -0.16 -0.15 -0.08 Nondurable goods.................................. 2.0 -0.9 ^1.0 0.46 0.31 -0.14 Services...................................................... 2.1 2.1 1.8 0.83 0.93 0.94 Gross private dom estic in vestm ent......... 1.5 2.1 1.8 0.18 0.21 0.31 Fixed investment........................................ 1.3 2.3 2.0 0.21 0.20 0.33 Nonresidential........................................ 0.8 1.3 1.2 0.12 0.09 0.16 Structures........................................... Equipment......................................... Intellectual property products........... 1.2 1.5 -0.6 4.0 -0.3 1.9 5.3 -0.4 Residential............................................. 4.0 6.3 5.1 0.9 In consumer prices, the deceleration reflected a larger decrease in goods prices and a deceleration in services prices. Goods prices decreased more than in the first quarter. The larger decrease was mostly accounted for by a larger decrease in the prices paid for gasoline and other energy goods. Prices paid for nonresidential fixed investment slowed slightly, primarily reflecting a slowdown in prices paid for research and development that was partly offset by a pickup in the prices paid for structures. 0.02 0.03 0.10 0.08 0.08 -0.02 0.03 -0.02 0.07 0.09 -0.02 Change in private inventories.................... 0.11 0.17 0.02 -0.02 G overnment consum ption expenditures and gross in vestm ent............................. 0.3 0.9 0.2 0.06 0.25 0.17 Federal........................................................ 0.2 2.4 0.9 0.01 0.04 0.18 National defense.................................... 0.4 2.8 0.9 0.02 0.04 0.13 Nondefense............................................ -0.2 1.8 0.9 -0.01 0.00 0.05 State and local........................................... 0.4 -0.1 -0.3 0.05 0.21 -0.01 1.4 0.2 0.04 0.13 -4.5 -12.2 0.25 0.23 -0.16 -0.48 1.09 1.20 Prices paid for residential investment slowed, increas ing 5.1 percent after increasing 6.3 percent. Addenda: Gross domestic purchases: Food............................................................ Energy goods and services...................... Prices of goods and services purchased by U.S. resi dents, as measured by the price index for gross domes tic purchases, increased 0.3 percent in the second quarter after increasing 1.2 percent in the first quarter. The deceleration primarily reflected a deceleration in consumer prices. Excluding food and energy........................ 1.4 0.9 0.07 1.29 0.01 0.79 Personal consumption expenditures (PCE): Food and beverages purchased for offpremises consumption.......................... Energy goods and services...................... Excluding food and energy........................ Gross domestic product (GDP)..................... Prices paid by government slowed, primarily reflect ing a slowdown in prices paid by the federal govern ment for national defense consumption expenditures after the first-quarter pay raise for military personnel. Prices paid by state and local governments decreased slightly more than in the first quarter. Consumer prices excluding food and energy, a mea sure of the “core” rate of inflation, slowed, increasing 0.8 percent after increasing 1.4 percent. Exports of goods and services..................... Imports of goods and services..................... 1. The estimates under the contribution columns are also percent changes N ote . Most percent changes are from NIPA table 1.6.7; percent changes for PCE for food and energy goods and services and for PCE excluding food and energy are from NIPA table 2.3.7. Contributions are from NIPA table 1.6.8. GDR export, and import prices are from NIPA table 1.1.7. Note on Prices BEA’s gross domestic purchases price index is the most com prehensive index of prices paid by U.S. residents for all goods and services, regardless of whether those goods and services were produced domestically or imported. It is derived from prices of consumer spending, private invest ment, and government spending. The GDP price index measures the prices of goods and services produced in the United States, including the prices of goods and services produced for export. The difference between the gross domestic purchases price index and the GDP price index reflects the differences between imports prices (included in the gross domestic pur chases index) and exports prices (included in the GDP price index). For other measures that are affected by import and export prices, see the FAQ “How do the effects of dollar depreciation show up in the GDP accounts?”on BEA’s Web site. The GDP price index increased 0.8 percent in the sec ond quarter, 0.5 percentage point more than the in crease in the price index for gross domestic purchases. Export prices decreased 3.2 percent after increasing 1.4 percent, and import prices decreased 5.0 percent after increasing 0.5 percent. Chart 7. Gross Domestic Purchases Prices Percent change at seasonally adjusted annual rates 4 .0 ■ Total 3 .5 Less food and energy 3 .0 2 .5 2 .0 1.5 1.0 0 .5 2009 II 2010 U.S. Bureau of Economic Analysis 2011 2012 2013 September 2013 S urvey of C u r r e n t B u s in e s s 9 Revisions Table 8. Advance and Second Estimates for the Second Quarter of 2013 [Seasonally adjusted at annual rates] Contribution to percent change in real GDP (percentage points) Change from preceding quarter (percent) Ad vance Second Second minus advance Ad vance Second Second minus advance Gross dom estic product (GD P)1............... 1.7 2.5 0.8 1.7 2.5 Personal consum ption expe nditures............... 1.8 1.8 0.0 1.22 1.21 Goods.................................................................. 3.4 3.2 -0.2 0.79 0.73 -0.06 Durable goods................................................ Nondurable goods......................................... 6.5 2.0 6.1 1.8 -0.4 -0.2 0.48 0.31 0.45 0.28 -0.03 -0.03 0 .8 -0.01 Services............................................................. 0.9 1.1 0.2 0.43 0.48 0.05 Gross private dom estic in vestm ent................. Fixed investment................................................ 9.0 6.3 9.9 6.0 0.9 -0.3 1.34 0.93 1.48 0.90 -0.03 Nonresidential................................................ 4.6 4.4 -0.2 0.55 0.53 -0.02 Structures................................................... Equipment.................................................. Intellectual property products................... Residential...................................................... 6.8 4.1 3.8 13.4 16.1 2.9 -0.9 12.9 9.3 -1.2 -4.7 -0.5 0.17 0.23 0.15 0.38 0.40 0.16 -0.04 0.37 0.23 -0.07 -0.19 -0.01 0.41 0.59 0.18 0.81 Change in private inventories............................ Net exports of goods and s e rv ic e s .................. -0.81 0.00 Exports................................................................ 5.4 8.6 3.2 0.71 1.11 Goods............................................................. Services.......................................................... 5.4 5.3 10.1 5.2 4.7 -0.1 0.49 0.22 0.90 0.21 0.14 The second estimate of the second-quarter increase in real GDP is 0.8 percentage point more than the ad vance estimate, primarily reflecting an upward revi sion to exports, a downward revision to imports, and an upward revision to private inventory investment that were partly offset by a downward revision to state and local government spending. The average revision (without regard to sign) between the advance estimate and the second estimate is 0.5 percentage point. The upward revision to inventory investment primar ily reflected an upward revision to retail trade indus tries, reflecting newly available Census Bureau inventory data for June. The upward revision to exports was more than ac counted for by an upward revision to goods exports. 0 .4 0 ' 0.41 -0.01 Imports................................................................ 9.5 7.0 -2.5 -1.51 -1.11 0.4 0 ' Goods............................................................. Services.......................................................... 9.8 8.2 7.1 6.3 -2.7 -1.9 -1.29 -0.22 -0.95 -0.17 0.34 0.05 Government consum ption expenditures and gross investm ent............................................. Federal............................................................... National defense............................................ Nondefense.................................................... -0.4 -1.5 -0.5 -3.2 -0.9 -1.6 -0.6 -3.2 -0.5 -0.1 -0.1 0.0 -0.08 -0.12 -0.02 -0.09 -0.18 -0.12 -0.03 -0.09 -0.10 0.00 -0.01 0.00 State and lo cal................................................... 0.3 -0.5 -0.8 0.04 -0.06 -0 .1 0 1.26 1.93 0.67 The downward revision to imports primarily reflected a downward revision to goods imports. The downward revision to state and local government spending was more than accounted for by a downward revision to investment in structures. Addenda: Final sales of domestic product........................... 1.3 1.9 0.6 Gross domestic purchases price index................ 0.3 0.3 0.0 GDP price index..................................................... 0.7 0.8 0.1 1. The estimates under the contribution columns are also percent changes. Personal Income for the First Quarter of 2013 With the release of the second estimates of GDP, BEA also releases revised estimates of income-related measures for the previous quarter. This revision incorporates 50-state firstquarter tabulations from the Quarterly Census of Employ ment and Wages from the Bureau of Labor Statistics; for the advance estimate, BEA incorporated tabulations from an 18-state sample. Wages and salaries decreased $46.2 billion, an upward revision of $10.7 billion. Personal current taxes increased $76.2 billion, an upward revision of $1.9 billion. Contribu tions for government social insurance, which is subtracted in calculating personal income, increased $125.8 billion, an upward revision of $1.4 billion. As a result of these revisions, • Personal income decreased $147.2 billion, an upward revi sion of $9.9 billion. • Disposable personal income decreased $223.5 billion, an upward revision of $8.0 billion. • Personal saving decreased $322.1 billion, an upward revi sion of $8.0 billion. • The personal saving rate was 4.1 percent, an upward revi sion of 0.1 percentage point. Major Source Data for the Second Estimates Personal consumption expenditures: retail sales for April, May, and June (revised). Motor vehicle registrations for June (new). Energy Information Administration data for motor vehicle fuels, lubricants, and fluids, and for gas services and retail electricity sales for May and June (revised). Nonresidential fixed investment: construction spending (value put in place) for April and May (revised) and June (new). Manufacturers’ shipments (M3) of machinery and equipment for May and June (revised). Exports and imports for April and May (revised) and June (new). Residential fixed investment: construction spending for April and May (revised) and June (new). Change in private inventories: manufacturers’ inventories for April, May, and June (revised) and trade inventories for April and May (revised) and June (new). Exports and imports: international transactions accounts for April and May (revised) and June (new). Government consumption expenditures and gross invest ment: state and local construction spending for April and May (revised) and June (new). 10 GDP and the Economy September 2013 Corporate Profits Table 9. Corporate Profits Profits from current production (corporate profits with inventory valuation and capital consumption ad justments) increased $78.3 billion, or 3.9 percent at a quarterly rate, in the second quarter after decreasing $26.6 billion, or 1.3 percent, in the first quarter. [Seasonally adjusted] Billions of dollars (annual rate) Level 2013 II Percent change from preceding quarter (quarterly rate) Change from preceding quarter 2012 III 2013 IV I 2012 II III 2013 IV I II Current production measures: Corporate profits..................... 2,098.9 13.9 34.9 -26.6 78.3 0.7 1.7 -1.3 3.9 Domestic industries............. 1,686.8 30.7 29.3 -7.0 64.7 2.0 1.8 -0.4 4.0 446.0 59.0 -15.6 ^ .1 14.3 15.0 -3.5 -0 .9 3.3 1,240.7 -2 8 .3 Financial........................... 45.0 -3.1 50.4 -2.4 3.9 -0.3 4.2 412.1 -1 6 .8 5.6 -19.6 13.6 -3 .9 1.4 -4 .7 3.4 657.6 -1.9 16.1 -19.7 0.1 -0.3 2.4 -2.9 0.0 245.5 14.9 10.5 -0.1 -13.5 6.4 4.2 0.0 -5.2 418.7 9.4 -5.9 -2 5 .0 10.5 2.2 -1.3 -5 .8 2.6 Equals: Profits after tax........... 1,680.2 4.5 40.8 -1.7 67.9 0.3 2.6 -0.1 4.2 120.9 -103.8 273.8 1.0 16.2 -12.0 35.9 Nonfinancial..................... Rest of the w orld................. Receipts from the rest of the w orld...................... Less: Payments to the rest of the w orld........... Less: Taxes on corporate income.................................. Domestic profits of financial corporations increased $14.3 billion, or 3.3 percent, after decreasing $4.1 bil lion, or 0.9 percent. Domestic profits of nonfinancial corporations in creased $50.4 billion, or 4.2 percent, after decreasing $3.1 billion, or 0.3 percent. Profits from the rest of the world increased $13.6 bil lion, or 3.4 percent, after decreasing $19.6 billion, or 4.7 percent. In the second quarter, receipts increased $0.1 billion, and payments decreased $13.5 billion. Taxes on corporate income increased $10.5 billion, or 2.6 percent, after decreasing $25.0 billion. Net dividends...................... 1,037.6 7.1 Undistributed profits from current production........... 642.6 -2 .6 -80.1 102.1 -205.9 -0 .3 -9 .7 Net cash flo w ........................... 2,064.0 11.3 -91.2 140.7 -194.6 0.5 -4.1 6.6 -8.6 Industry profits: Profits with IVA........................ 2,260.0 16.8 Domestic industries............. 1,847.9 33.5 Financial........................... 501.8 59.5 Nonfinancial..................... 1,346.2 -26.0 Rest of the w orld................. 412.1 -16.8 34.5 29.0 -15.1 44.1 5.6 -41.1 -21.5 -5.2 -16.3 -19.6 80.0 66.4 14.9 51.6 13.6 0.8 1.9 13.3 -2.0 -3.9 1.6 1.6 -3.0 3.5 1.4 -1.8 -1.2 -1.0 -1.2 -4.7 3.7 3.7 3.0 4.0 3.4 Net dividends increased $273.8 billion in the second quarter, or 35.9 percent, after decreasing $103.8 bil lion. The large increase primarily reflected dividends paid by Fannie Mae to the federal government. Undistributed profits decreased $205.9 billion, after increasing $102.1 billion. 13.7 -24.3 Profits after tax increased $67.9 billion, or 4.2 percent, after decreasing $1.7 billion. Addenda: Profits before tax (without IVA and CC Adj).............................. 2,249.0 48.5 21.0 -36.4 55.9 2.2 1.0 -1.6 2.6 Profits after tax (without IVA and CC Adj)..................................... 39.1 27.0 -11.6 45.6 2.3 1.5 -0.6 2.6 11.0 -31.8 -161.1 -2.8 13.6 0.3 -4.6 14.4 24.0 -1.6 IVA................................................ CC Adj........................................... 1,830.4 Levels of these and other profits series are shown in NIPA tables 1.12,1.14,1.15, and 6.16D. CCAdj Capital consumption adjustment IVA Inventory valuation adjustment N ote. Net cash flow, a profits-related measure of internal funds available for investment, decreased $194.6 bil lion, or 8.6 percent. M easuring C o rp o rate Profits Corporate profits is a widely followed economic indicator used to gauge corporate health, assess investment condi tions, and analyze the effect on corporations of economic policies and conditions. In addition, corporate profits is an important component in key measures of income. BEA’s measure of corporate profits aims to capture the income earned by corporations from current production in a manner that is fully consistent with the national income and product accounts (NIPAs). The measure is defined as receipts arising from current production less associated expenses. Receipts exclude income in the form of dividends and capital gains, and expenses exclude bad debts, natural resource depletion, and capital losses. Because direct estimates of NIPA-consistent corporate profits are unavailable, BEA derives these estimates in three steps. First, BEA measures profits before taxes to reflect corpo rate income regardless of any redistributions of income through taxes. Estimates for the current quarter are based on corporate earnings reports from sources including Cen sus Bureau Quarterly Financial Reports, Federal Deposit Insurance Corporation call reports, other regulatory reports, and tabulations from corporate financial reports. The estimates are benchmarked to Internal Revenue Ser vice data when the data are available for two reasons: the data are based on well-specified accounting definitions, and they are comprehensive, covering all incorporated businesses—publicly traded and privately held— in all industries. Second, to remove the effects of price changes on inven tories valued at historical cost and of tax accounting for inventory withdrawals, BEA adds an inventory valuation adjustment that values inventories at current cost. Third, to remove the effects of tax accounting on depre ciation, BEA adds a capital consumption adjustment (CCAdj). CCAdj is defined as the difference between capi tal consumption allowances (tax return depreciation) and consumption of fixed capital (the decline in the value of the stock of assets due to wear and tear, obsolescence, acci dental damage, and aging). September 2013 11 Government Receipts and Expenditures Second Q uarter of 2013 N ET GOVERNMENT saving, the difference b e tween current receipts and current expenditures o f the federal governm ent and state and local govern m ents, was -$855.0 billion in the second quarter o f 2013, increasing $227.9 billion from -$1,082.9 billion in the first qu arter o f 2013. Net federal governm ent saving was -$656.4 billion in the second quarter, increasing $196.7 billion from -$853.1 billion in the first quarter (see page 12). C ur rent receipts accelerated, and current expenditures tu rn ed up in the second quarter. Net state and local governm ent saving was -$198.7 billion in the second quarter, increasing $31.1 billion from -$229.8 billion in the first quarter (see page 13). C urrent receipts accelerated, and current expenditures decreased less in the second quarter than in the first quarter. “Net lending or net borrow ing ( - ) ” is an alternative m easure o f the governm ent fiscal position. Net b o r rowing is the financing requirem ent o f the governm ent sector, and it is derived as net governm ent saving plus the consum ption of fixed capital and net capital tran s fers received less gross investm ent and net purchases o f n o n p roduced assets. N et borrow ing was $950.3 billion in the second quarter, decreasing $234.6 billion from $1,184.9 billion in the first quarter. Federal governm ent net borrow ing was $723.9 billion in the second quarter, decreasing $201.5 billion from $925.4 billion in the first quarter. State and local governm ent net borrow ing was $226.4 billion, decreasing $33.2 billion from $259.6 billion in the first quarter. Chart 1. Government Fiscal Position C urrent Receipts, Current Expenditures, and Net Government Saving B illio n s o f d o lla rs 6,000 Current expenditures 4,000 Current receipts 2,000 Net government saving -2,000 [Billions of dollars, seasonally adjusted at annual rates] Level Change from preceding quarter 2013 II 2012 IV I 0 2013 201 2 2011 i I i i i I i i i I t i i i 1 I | -200 ^00 -600 -800 -1,000 -1,200 ■ Federal -1,400 State and local -1,600 -1,800 I ,, 1 1 2009 1 1 2 01 0 1 , i __L ...j 2011 i. _ ! ____L.... _________1 .. 2012 2013 Total Receipts,Total Expenditures, and Net Lending or Borrowing B illio n s o f d o lla rs 6,000 > Total expenditures 4,000 Total receipts 2,000 ^ Net lending or borrowing .x—I— -u-4—^i--4—1T-T-i--H"~T~~r~T~1 2009 2010 2011 2012 2013 Net Lending or Net Borrowing B illio n s o f d o lla rs 200 i 1 i 0 i i 1 i i i 1 i i i 1 i -400 II -600 14.1 71.8 227.0 279.0 -B00 Current expenditures....................... 5,681.3 -8.6 25.1 -22.9 51.2 -1,000 Net government saving................. Federal......................................... State and local.............................. -855.0 22.7 46.7 249.8 227.9 -1,200 -656.4 -198.7 27.6 -4.9 40.8 5.9 225.4 24.4 196.7 31.1 -1,400 -1,800 -950.3 29.9 34.8 294.6 234.6 -723.9 -226.4 27.5 2.4 16.7 18.1 272.9 21.6 201.5 33.2 Ann W. Miller prepared this article. 1' i B illio n s o f d o lla rs 4,826.3 i 201 0 200 Current receipts............................... Net lending or net borrowing (-)... Federal......................................... State and local.............................. i -200 2013 III ~t Net Saving -2,000 Table 1. Net Government Saving and Net Lending or Net Borrowing "T 2 00 9 ■ Federal State and local -1,600 .1 .... 1 2009 1 l J 2010 1 1 i 2011 1 Note. All estimates are seasonally adjusted at annual rates. U.S. Bureau of Economic Analysis 1..... IS 1.... 1 2012 _1...... L„ 2013 Government Receipts and Expenditures 12 September 2013 Federal Government Table 2. Federal Government Current Receipts and Expenditures [Billions of dollars, seasonally adjusted at annual rates] Level Change from preceding quarter 2013 II 2012 III 2013 IV I II Current receipts.............................. 3,164.0 15.5 52.4 191.1 263.9 Current tax receipts.................................. 1,742.6 24.6 41.2 31.2 31.6 Personal current taxes............................ 1,271.7 14.1 46.8 58.0 19.7 Taxes on production and imports.......... 118.8 -0.4 -0.2 0.8 Taxes on corporate income................... 332.7 11.2 -8.2 -26.9 Taxes from the rest of the w orld............ 19.4 -0.3 2.8 -0.7 Contributions for government social insurance................................................ 1,088.2 2.5 20.7 126.4 Income receipts on assets........................ 299.9 0.0 1.1 20.8 0.0 11.7' 0.2 6.5225.8 Current transfer receipts........................... 57.1 -9.0 -7.2 15.5 3.2 Current surplus of government enterprises -23.7 -2.6 -3.4 -2.8 -3.1 Current expenditures...................... 3,820.3 -12.1 11.7 -34.3 67.1 Consumption expenditures....................... 975.9 28.7 -42.2 -11.6 -6.4 Taxes on corporate income turned up in the second quarter, reflecting an upturn in corporate profits. Contributions for government social insurance decel erated because of a deceleration in social security con tributions. First-quarter social security contributions had been boosted by the expiration of the “Payroll Tax Holiday” at the end of 2012. Income receipts on assets accelerated in the second quarter because of an acceleration in dividend pay ments from Fannie Mae. National defense................................... 615.7 25.4 -44.4 -10.9 -4.0 Nondefense............................................ 360.2 3.2 2.2 -0.7 -2.4 Current transfer payments........................ 2,347.6 19.8 8.6 25.5 20.4 Government social benefits................... 1,850.0 12.2 19.2 35.8 1.9 To persons.......................................... 1,831.5 12.1 19.2 35.5 1.8 To the rest of the world....................... Other current transfer payments............ 18.5 0.2 0.1 7.6 0.0 -10.7 0.3 497.7 -10.1 18.5 Grants-in-aid to state and local governments................................... 445.7 7.0 0.7 -16.9 14.2 To the rest of the world....................... 51.9 0.7 -11.4 6.7 4.3 Interest payments..................................... 438.4 - 59.0 -48.6 Subsidies................................................... 58.4 -1.6 43.6 1.7 0.2 52.3 0.9 Net federal government saving............ -656.4 27.6 40.8 225.4 196.7 Social insurance funds............................. Other.......................................................... -309.4 -7.5 5.1 -21.3 6.5 -346.9 35.1 35.6 246.9 190.2 Total receipts..................................... 3,181.8 16.8 53.9 192.6 264.1 Current receipts.................................. Capital transfer receipts..................... 3,164.0 17.8 15.5 1.4 52.4 1.4 191.1 263.9 1.5 0.2 Total expenditures.............................. 3,905.7 3,820.3 37.2 11.7 -80.3 Current expenditures.......................... -10.7 -12.1 Gross government investment........... 276.8 76.2 -0.4 -4.6 -34.3 -8.7 62.6 67.1 3.0 -0.8 -0.1 30.9 0.0 -36.2 0.8 Addenda: Capital transfer payments.................. Net purchases of nonproduced assets Personal current taxes decelerated, reflecting a decel eration in nonwithheld income taxes. Government social benefits to persons decelerated in the second quarter as a result of a deceleration in so cial security following the first-quarter cost-of-living adjustment. Medicare benefits turned down, and un employment benefits decreased more than in the first quarter. Interest payments turned up because of an upturn in inflation expense payments on Treasury Inflation-Pro tected Securities. Capital transfer payments decreased less than in the first quarter, when disaster-related flood insurance payments had turned down following large fourthquarter payments for damages due to Superstorm Sandy. 4.1 -7.2 -0.2 Less: Consumption of fixed capital.... 266.9 1.0 0.8 1.9 1.3 Net lending or net borrowing ( - ) ......... -723.9 27.5 16.7 272.9 201.5 Federal Government Estimates Estimates of federal government current receipts, current expenditures, and net federal government saving are based on data from the federal budget, from the Monthly Treasury Statement and other reports from the Department of the Treasury, and from other federal government agencies. Total receipts, total expenditures, and net lending or net borrowing, which are alternative measures of the federal fiscal position, are based on these same sources. Quarterly and annual estimates are published monthly in NIPA table 3.2. Detailed annual estimates of these transac tions by component are published annually in NIPA tables 3.4-3.8, 3.12, and 3.13. Detailed quarterly estimates are available at www.bea.gov; under “National” and Supple mental Estimates,” see “Underlying Detail Tables.” Each year, BEA translates the information in the federal budget into a NIPA framework.1For a historical time series of these estimates, see NIPA table 3.18B, which was pub lished in the October 2011 S urvey. 1. See Mark S. Ludwick and Kyle Mulgrew, “NIPA Translation o f the Fis cal Year 2013 Federal Budget,” S u r v e y o f C u r r e n t B u s in e s s 92 (May 2013): 1 1 -2 1 . September 2013 S urvey of C u r r e n t B u s in e s s 13 State and Local Government Table 3. State and Local Government Current Receipts and Expenditures [Billions of dollars, seasonally adjusted at annual rates] Level Change from preceding quarter 2013 II 2012 III 2013 IV I II Current receipts................................ 2,108.1 5.5 20.1 19.0 29.4 Current tax receipts..................................... 1,466.4 -2.2 17.5 35.0 13.0 Personal current taxes............................. 393.1 2.3 9.6 18.3 16.0 Taxes on production and imports............. 1,020.4 -3.1 7.7 13.6 -1.5 Taxes on corporate income....................... 52.9 -1.4 0.2 3.2 -1.6 0.1 Contributions for government social insurance................................................. 17.4 -0.2 -0.1 0.0 0.3 0.9 0.9 0.9 Current transfer receipts.............................. 81.1 558.4 7.4 1.7 -16.0 15.7 Federal grants-in-aid................................ 445.7 7.0 0.7 -16.9 14.2 Income receipts on assets........................... Other......................................................... Current surplus of government enterprises Taxes on production and imports turned down as a result of a downturn in sales taxes; first-quarter sales taxes were boosted by a rate increase in California. Federal grants-in-aid turned up in the second quarter because of upturns in grants for education, economic affairs, and Medicaid. 112.7 0.5 0.9 0.9 1.5 -15.2 0.2 0.1 -0.9 -0.3 Current expenditures........................ 2,306.7 10.4 14.2 -5.4 -1.8 Consumption expenditures.......................... 1,542.2 5.5 7.5 -1.3 -0.8 Government social benefits......................... 553.5 1.3 4.9 -1.4 1.2 Interest payments........................................ 210.5 3.8 1.8 -2.8 -2.2 Subsidies...................................................... 0.5 0.0 0.0 0.0 0.0 Net state and local government saving.... -198.7 -4.9 5.9 24.4 31.1 Social insurance funds................................ 4.5 0.0 0.0 0.3 0.3 Other............................................................ -203.2 -4.9 5.8 24.2 30.8 26.5 29.4 Addenda: Total receipts........................................ 2,176.4 6.7 27.4 9.7 Current receipts.................................... 2,108.1 5.5 20.1 19.0 Capital transfer receipts........................ 68.4 1.2 7.3 -9.2 -2.9 Total expenditures................................ 2,402.8 4.3 9.3 -11.9 -6.7 Current expenditures............................ 2,306.7 10.4 14.2 -5.4 -1.8 Gross government investment.............. 323.1 -4.4 -3.4 -5.1 -3.0 Consumption expenditures decreased less in the sec ond quarter than in the first quarter. The smaller de crease reflected an upturn in compensation of general government employees that was offset by a downturn in purchases of nondurable goods. Government social benefits turned up in the second quarter as a result of an upturn in Medicaid benefits. Capital transfer receipts decreased less than in the first quarter, when disaster benefit payouts from insurance companies turned down following fourth-quarter payouts for damages due to Superstorm Sandy. Capital transfer payments..................... Estim ates o f State and Local G o vern m en t R eceipts and E xpenditures The estimates of state and local government current re ceipts and expenditures and total receipts and expenditures are mainly based on compilations of data for state and local government finances. The Census Bureau produces the pri mary source data: the census of governments that is con ducted in years that end in a 2 or a 7 and the Government Finances series of surveys for the other years. In addition, other sources of Census Bureau data are from the Quarterly Summary of State and Local Government Tax Revenue and the monthly Value of Construction Put in Place. Data sources from the Bureau of Labor Statistics include the Quarterly Census of Employment and Wages and the Employment Cost Index. Quarterly and annual estimates are available monthly in NIPA table 3.3. Detailed annual estimates of state and local government transactions by component are available annually in NIPA tables 3.4-3.8, 3.12, and 3.13. Detailed quarterly estimates are available at www.bea.gov; under “National” and Supplemental Estimates,” see “Underlying Detail Tables.” For a historical time series of reconciliations of the NIPA estimates with the Census Bureau data from Government Finances, see NIPA table 3.19. BEA also prepares annual estimates of receipts and expenditures of state governments and of local governments.1 These estimates are available annually in NIPA table 3.20 (state government receipts and expen ditures) and in NIPA table 3.21 (local government receipts and expenditures); they were published in the October 2011 S u r v e y . 1. Bruce E. Baker, “Receipts and Expenditures of State Governments and o f Local Governments,” S u r v e y 85 (October 2005): 5-10. 14 September 2013 Improved Estim ates of the National Incom e and Product Accounts R e s u lts o f th e 2 0 1 3 C o m p re h e n s iv e R e v is io n By Stephanie H. McCulla, Alyssa E. Holdren, and Shelly Smith O N JULY 31, 2013, the Bureau o f Econom ic Analy sis (BEA) released the initial results o f the 14th com prehensive revision o f the national incom e and p ro d u ct accounts (NIPAs), beginning w ith revised es tim ates for 1929. C om prehensive revisions provide opportunities for BEA to m ake changes to its econom ic accounts in o r der to increase the overall quality and usefulness o f the accounts. For instance, as p art o f this com prehensive revision, BEA im plem ented im provem ents to im p o r tan t m easures such as the value o f pension com pensa tio n an d the services provided by the financial sector, and it expanded the econom ic perspective o f the ac counts by recognizing the contributions o f innovation to productivity. These im provem ents better align the NIPAs w ith the recom m endations o f new international standards for com piling national and international econom ic accounts in order to m aintain com parability w ith other nations’ accounts.1 These an d other im provem ents are im plem ented th ro u g h changes in definitions, m ethodologies, and source data. To facilitate the analysis o f the im pact o f these changes, BEA classifies these changes as defini tional changes (those th at involve a change in concepts or accounting treatm ents) and statistical changes (those th at involve im provem ents in the sources or m ethods underlying the accounts). M ost im prove m ents were previewed in a series o f articles in the S u r v ey o f C u r r e n t B u s in e s s earlier this year.2 1. See European Commission, International Monetary Fund, Organisa tion for Economic Co-operation and Development, United Nations, and World Bank, S ystem o f N a tio n a l A cc o u n ts 2 0 0 8 (New York: United Nations, 2009) and International Monetary Fund, B alan ce o f P a y m e n ts a n d I n te r n a tio n a l I n v e s tm e n t P o sitio n M a n u a l, 6th ed. (Washington, DC: 2009). 2. See “Preview o f the 2013 Comprehensive Revision o f the National Income and Product Accounts: Changes in Definitions and Presentations,” Survey o f Current Business 93 (March 2013): 13-39, and Nicole M. Mayerhauser and Sarah J. Pack, “Preview of the 2013 Comprehensive Revision of the National Income and Product Accounts: Statistical Changes,” Survey 93 (May 2013): 6-14. The m ajor im provem ents include the following: • Recognizing expenditures by business, governm ent, and nonprofit institutions serving households for research and developm ent (R&D) as fixed invest m ent, thus im proving BEA’s m easures o f fixed investm ent and allowing users to better m easure the effects o f innovation and intangible assets on the economy. • Recognizing expenditures by private enterprises for the creation o f entertainm ent, literary, an d artistic originals as fixed investm ent, further expanding BEA’s m easures o f intangible assets. • Expanding the set o f ow nership transfer costs for residential fixed assets th at are recognized as fixed investm ent and im proving the accuracy o f the asso ciated asset values and service lives. • Recording transactions o f defined benefit pension plans on an accrual basis and recognizing the costs o f unfunded liabilities. These im provem ents better align pension-related com pensation w ith the corre sponding productive activity. • Im proving the m easures o f the financial services provided by com m ercial banks by m odifying the set o f assets and liabilities included in the calculations, by establishing a new treatm ent o f borrow er defaults, and by refining the com putation o f the ref erence rate.3 This im provem ent establishes a m ore accurate picture o f banking output. • H arm onizing the treatm ent o f wages and salaries by presenting accrual-based estim ates consistently th ro u g h o u t the accounts. • U pdating the reference year for chain-type q uantity and price indexes and for chained-dollar estim ates to 2009 from 2005. 3. This change in treatment begins with estimates for 1985. For more information, see Kyle K. Hood, “Measuring the Services o f Commercial Banks in the National Income and Product Accounts: Changes in Concepts and Methods in the 2013 Comprehensive Revision,” S u r v e y 93 (February 2013): 8-19. September 2013 S urvey of C u r r e n t B u s in e s s O ther changes include the following: • For 1982 forward, the estim ates o f proprietors’ incom e are im proved to m ore accurately account for Internal Revenue Service (IRS) section 179 expenses.4 • For 1992 forward, the m ethod for allocating the dis trib u tio n o f investm ent incom e o f regulated invest m en t com panies by type o f incom e is im proved in o rder to m ore accurately reflect differences between the tim ing o f each type o f incom e and its distribu tio n to shareholders. • For 1993 forward, the estimates o f m ortgage interest paid for n onfarm perm anent-site housing are im proved by incorporating several new data sources. The revised estim ates also reflect the incorporation o f newly available and revised source data, the m ost 4. The primary source for the estimates of proprietors’ income is tax return information from the IRS; BEA makes a series of adjustments to these data to conform to NIPA coverage and definitions. One of these adjustments is for “section 179” expenses, which the IRS allows to be expensed because the property purchased is under a certain value, but which BEA treats as investment. Through additional research, BEA has improved the estimates o f section 179 expenses, and the estimates o f pro prietors’ income are revised accordingly. 15 significant o f w hich is BEA’s 2007 benchm ark in p u to u tp u t (I-O ) accounts (see the box “New and Revised Source D ata”). These accounts, w hich provide the m ost thorough and detailed inform ation on the stru c ture o f the U.S. economy, are used to benchm ark the expenditure com ponents o f GDP and som e o f the in com e com ponents. In m ost im p o rtan t respects, the picture o f the econ om y show n by the revised estim ates is sim ilar to the picture show n by the previously published estimates. The sim ilarity and some o f the differences can be seen in the following: • The long-run grow th rates o f real gross dom estic p roduct (GDP) are sim ilar to those in the previ ously published estimates. For 1929-2012, the aver age annual grow th rate o f real GDP is 3.3 percent, 0.1 percentage p o in t higher th an in the previously published estimates. For 2002-2012, the grow th rate is 1.8 percent, 0.2 percentage po in t higher th an in the previously published estimates, and for 2009-2012, the grow th rate is 2.4 percent, 0.3 p er centage po in t higher th an in the previously p u b lished estimates. The percent change in real GDP is revised up 0.1 percentage po in t for 2010, is N ew and R evised S o u rce Data The 2013 comprehensive revision of the national income and product accounts (NIPAs) incorporated a wide array of new and revised source data. The most important source data that affect the esti mates prior to 2010 are BEA’s benchmark 2007 inputoutput (I-O) accounts, which will be released in Decem ber 2013.1The revised estimates also incorporate data on inventories, on receipts and expenses of business estab lishments and of governments, on sales by detailed com modity and by product line, and on final industry and product shipments from the 2007 Economic Census and the 2007 annual surveys of merchant wholesale and retail trade. The revised estimates also reflect data on housing from the 2010 decennial Census of Population and Housing and data on the expenditures and receipts of state and local governments for fiscal years 2006-2009 from Cen sus Bureau government finances surveys. In addition, estimates that are based on BEA’s international transac tions accounts (ITAs)—primarily net exports of goods and services and rest-of-the-world income receipts and payments— are revised to reflect improvements to the ITAs that have been introduced since 2009. The revised estimates for 2010-2012 also reflect the incorporation of newly available and revised source data that became available after the last annual NIPA revision in July 2012. These data include the following: • Census Bureau annual surveys of state and local gov ernments for fiscal year 2010 (revised) and fiscal year 2011 (preliminary), of manufactures for 2010 (revised) and 2011 (preliminary), of merchant wholesale trade and retail trade for 2010 (revised) and 2011 (prelimi nary), of services and construction spending (value put in place) for 2010 and 2011 (revised) and 2012 (preliminary) • Federal government budget data for fiscal years 2012 and 2013 (revised) • ITA data for 2010-2012 (revised)2 • Bureau of Labor Statistics Quarterly Census of Employment and Wages for 2010-2012 (revised) • Internal Revenue Service tabulations of corporate tax returns for 2010 (revised) and 2011 (preliminary) and of sole proprietorship and partnership tax returns for 2011 • U.S. Department of Agriculture farm statistics for 2010-2012 (revised) 1. In the past, the benchmark I-O accounts were released before the comprehensive NIPA revisions, but this new timing allows the incorpo 2. Revisions to the ITAs for years prior to 2010 will be incorporated in ration o f changes in NIPA definitions and methodologies into the I-O future revisions o f the NIPAs, see the box “Discontinuities in the Esti accounts and improves the integration o f the two sets o f accounts. For mates o f Foreign Transactions in the National Income and Product Accounts.” more information, see “Preview: Statistical Changes.” September 2013 Improved NIPA Estimates 16 unrevised for 2011, and is revised up 0.6 percentage p o in t for 2012 (table 1). • The m ost recent recession was less steep th an previ ously estim ated. From the fourth quarter o f 2007 to the second q uarter o f 2009, real GDP decreased 2.9 Table 1. Real Gross Domestic Product [Percent change from preceding year] Year 1930............................................................................ 1931. 1932. 1933. 1934. 1935............................................................................ 1936............................................................................ 1937. 1938. 1939. 1940. 1941. 1942............................................................................ 1943............................................................................ 1944............................................................................ 1945. 1946. 1947. 1948. 1949. 1950. 1951............................................................................ 1952. 1953. 1954. 1955. 1956. 1957. 1958............................................................................ 1959............................................................................ 1960............................................................................ 1961............................................................................ 1962. 1963. 1964. 1965. 1966. 1967. 1968. 1969. 1970. 1971. 1972. 1973............................................................................ 1974............................................................................ 1975............................................................................ 1976. 1977. 1978. 1979. 1980. 1981 . 1982. 1983............................................................................ 1984............................................................................ 1985. 1986. 1987. 1988. 1989. 1990............................................................................ 1991............................................................................ 1992............................................................................ 1993. 1994, 1995. 1996. 1997. 1998............................................................................ 1999............................................................................ 2000............................................................................ 2001 . 2002. 2003. 2004. 2005. 2006. 2007............................................................................ 2008 2009 2010 2011 2012............................................................................ Revised -8.5 -6.4 -12.9 -1.3 10.8 8.9 12.9 5.1 -3.3 8.0 8.8 17.7 18.9 17.0 8.0 -1.0 -11.6 -1.1 4.1 -0.5 8.7 8.1 4.1 4.7 -0.6 7.1 2.1 2.1 -0.7 6.9 2.6 2.6 6.1 4.4 5.8 6.5 6.6 2.7 4.9 3.1 0.2 3.3 5.2 5.6 -0.5 -0.2 5.4 4.6 5.6 3.2 -0.2 2.6 -1.9 4.6 7.3 4.2 3.5 3.5 4.2 3.7 1.9 -0.1 3.6 2.7 4.0 2.7 3.8 4.5 4.4 4.8 4.1 1.0 1.8 2.8 3.8 3.4 2.7 1.8 -0.3 -2.8 2.5 1.8 2.8 Previously published -8.6 -6.5 -13.1 -1.3 10.9 8.9 13.1 5.1 -3.4 8.1 8.8 17.1 18.5 16.4 8.1 -1.1 -10.9 -0.9 4.4 -0.5 8.7 7.7 3.8 4.6 -0.6 7.2 2.0 2.0 -0.9 7.2 2.5 2.3 6.1 4.4 5.8 6.4 6.5 2.5 4.8 3.1 0.2 3.4 5.3 5.8 -0.6 -0.2 5.4 4.6 5.6 3.1 -0.3 2.5 -1.9 4.5 7.2 4.1 3.5 3.2 4.1 3.6 1.9 -0.2 3.4 2.9 4.1 2.5 3.7 4.5 4.4 4.8 4.1 1.1 1.8 2.5 3.5 3.1 2.7 1.9 -0.3 -3.1 2.4 1.8 2.2 Revision 0.1 0.1 0.2 0.0 -0.1 0.0 -0.2 0.0 0.1 -0.1 0.0 0.6 0.4 0.6 -0.1 0.1 -0.7 -0.2 -0.3 0.0 0.0 0.4 0.3 0.1 0.0 -0.1 0.1 0.1 0.2 -0.3 0.1 0.3 0.0 0.0 0.0 0.1 0.1 0.2 0.1 0.0 0.0 -0.1 -0.1 -0.2 0.1 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.0 0.3 0.1 0.1 0.0 0.1 0.2 -0.2 -0.1 0.2 0.1 0.0 0.0 0.0 0.0 -0.1 0.0 0.3 0.3 0.3 0.0 -0.1 0.0 0.3 0.1 0.0 0.6 percent at an average annual rate; in the previously published estimates, it had decreased 3.2 percent. • For the current period o f expansion from the sec ond quarter o f 2009 throug h the first quarter of 2013, real GDP increased at an average annual rate o f 2.2 percent, revised up 0.1 percentage point from the previously published estimates. • The average rate o f change in the prices paid by U.S. residents for 2002-2012 was revised dow n to 2.3 percent from 2.4 percent. For 2009-2012, the aver age annual increase was revised dow n to 1.8 percent from 1.9 percent. • Personal saving and the personal saving rate (per sonal saving as a percentage o f disposable personal incom e (DPI)) were revised up for m ost years, p ri m arily reflecting upw ard revisions to personal incom e (table 2). For 2002-2012, the personal sav ing rate averaged 4.7 percent, revised up 1.0 per centage poin t from the previously published estimate. Table 2. Personal and National Saving Rates [Percent] Personal saving rate Year Revised 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..................................... 1996..................................... 1997..................................... 1998.................................... 1999.................................... 2000.................................... 2001.................................... 2002.................................... 2003.................................... 2004.................................... 2005.................................... 2006.................................... 2007.................................... 2008.................................... 2009.................................... 2010.................................... 2011.................................... 2012.................................... 12.6 13.3 12.1 13.1 12.9 13.0 11.1 10.2 10.2 9.8 10.6 11.2 11.5 9.4 10.7 8.6 8.2 7.3 7.8 7.8 7.8 8.2 8.9 7.4 6.3 6.4 5.9 5.7 6.2 4.3 4.0 4.3 5.0 4.8 4.6 2.6 3.4 3.0 5.0 6.1 5.6 5.7 5.6 Previously published 9.4 10.0 8.9 10.5 10.7 10.6 9.4 8.7 8.9 8.8 9.8 10.6 10.9 8.7 10.2 8.2 7.6 6.5 6.9 6.6 6.5 7.0 7.3 5.8 5.2 5.2 4.9 4.6 5.3 3.1 2.9 2.7 3.5 3.5 3.6 1.5 2.6 2.4 5.4 4.7 5.1 4.2 4.1 National saving rate Revision 3.2 3.3 3.2 2.6 2.2 2.4 1.7 1.5 1.3 1.0 0.8 0.6 0.6 0.7 0.5 0.4 0.6 0.8 0.9 1.2 1.3 1.2 1.6 1.6 1.1 1.2 1.0 1.1 0.9 1.2 1.1 1.6 1.5 1.3 1.0 1.1 0.8 0.6 -0.4 1.4 0.5 1.5 1.5 Revised 21.2 21.1 21.6 23.4 22.4 20.6 21.3 22.0 23.3 23.4 22.1 23.2 21.6 19.9 21.9 20.5 19.2 19.6 20.5 19.8 18.9 18.9 17.8 17.3 18.1 18.8 19.6 20.7 21.1 20.5 20.2 19.1 17.9 17.2 17.4 17.7 18.8 17.2 15.4 14.3 14.9 15.5 16.2 Previously published 18.6 18.6 19.2 21.1 20.1 18.2 18.8 19.6 20.8 20.9 19.5 20.7 18.9 17.1 19.1 17.6 16.1 16.6 17.6 17.0 16.0 16.0 14.9 14.6 15.6 16.5 17.1 18.2 18.6 18.1 17.8 16.2 14.6 13.9 14.5 15.0 16.0 14.5 13.2 11.1 12.1 12.0 12.7 Revision 2.6 2.5 2.4 2.3 2.3 2.4 2.5 2.4 2.5 2.5 2.6 2.5 2.7 2.8 2.8 2.9 3.1 3.0 2.9 2.8 2.9 2.9 2.9 2.7 2.5 2.3 2.5 2.5 2.5 2.4 2.4 2.9 3.3 3.3 2.9 2.7 2.8 2.7 2.2 3.2 2.8 3.5 3.5 September 2013 S urvey of This article discusses the revisions that are a ttrib u t able to the various definitional and statistical changes for each o f the m ajor NIPA aggregates and their com ponents. Specifically, it discusses the following: • Revisions to the annual current-dollar estim ates in detail. • Revisions to the annual estimates o f real GDP and o f prices (see page 32). • Revisions to the quarterly estim ates o f real GDP (see page 36). Annual Current-Dollar Estimates GDP. The revisions to the level of current-dollar GDP are upw ard and notable for all years o f the revision p e riod (1929-2012); the revisions exceed $100 billion by 1983 and reach about $560 billion (or 3.6 percent o f the previously published estim ate) for 2012 (table 3). These revisions reflect the definitional and statistical changes incorporated in this com prehensive revision (chart 1). In the aggregate, changes in definitions (m ainly the recognition of new form s o f fixed invest m ent) raise current-dollar GDP and gross dom estic in come (GDI) for all years. Statistical changes (im proved source data and m ethodologies) tend to have smaller effects th at are often negative. The definitional change that has the largest im pact on the level o f GDP is the capitalization o f R&D, which accounts for over half o f the upw ard revision for all years from 1959 forward; the largest im pact (about $397 billion) is for 2012. Statistical changes have their 87 89 91 U.S. Bureau of Economic Analysis 93 95 97 99 2001 03 05 07 09 greatest im pact for 2008, reducing GDP by about $57 billion, o f which about $44 billion is accounted for by the im proved m easurem ent o f financial services. GDI. By 1941, the revisions to GDI exceed $2 bil lion; from 1942 until the early 1970s, the revisions Table 3. Revisions to Gross Domestic Product, Gross Domestic Income, National Income, and Personal Income [Billions of dollars] Gross domestic product.......................... Definitional.............................................. Capitalization of research and development................................... Capitalization of entertainment, literary, and artistic originals........................ Expanded set of ownership transfer costs for residential fixed assets...... Accrual accounting for defined benefit pension plans................................. Reclassification of software to intellectual property products.......... Statistical................................................ Improved measurement of financial services.......................................... Other statistical................................... Gross domestic income........................... Definitional.............................................. Capitalization of research and development................................... Capitalization of entertainment, literary, and artistic originals......................... Expanded set of ownership transfer costs for residential fixed assets...... Accrual accounting for defined benefit pension plans................................. Statistical................................................ Improved measurement of financial services.......................................... Improved distribution of regulated investment companies investment income............................................ Improved measures of IRS section 179 expensing....................................... Improved mortgage interest paid estimates........................................ Other statistical................................... National income........................................ Definitional.............................................. Capitalization of research and development................................... Capitalization of entertainment, literary, and artistic originals........................ Expanded set of ownership transfer costs for residential fixed assets...... Accrual accounting for defined benefit pension plans................................. Statistical................................................ Improved measurement of financial services.......................................... Improved distribution of regulated investment companies investment income............................................ Improved measures of IRS section 179 expensing....................................... Improved mortgage interest paid estimates........................................ Other statistical................................... Chart 1. Sources of Revision to Current-Dollar Gross Domestic Product, 1983-2012 1983 85 17 C u r r e n t B u s in e s s 11 2012 Personal income....................................... Definitional.............................................. Capitalization of research and development................................... Capitalization of entertainment, literary, and artistic originals........................ Expanded set of ownership transfer costs for residential fixed assets...... Accrual accounting for defined benefit pension plans................................. Accrual accounting for wages and salaries........................................... Statistical................................................ Improved measurement of financial services.......................................... Improved distribution of regulated investment companies investment income............................................ Improved measures of IRS section 179 expensing....................................... Improved mortgage interest paid estimates........................................ Other statistical................................... 1959 1997 2002 2007 2010 2011 2012 15.9 16.4 276.1 288.9 337.9 385.7 451.6 488.0 459.4 503.4 458.1 512.0 559.8 526.0 8.7 207.0 244.4 330.9 362.5 380.6 396.7 2.2 46.1 57.6 70.4 72.2 73.8 74.3 0.5 26.4 46.1 57.0 36.8 36.9 42.3 4.9 9.3 37.7 29.7 31.8 20.8 12.6 0.0 -0.5 0.0 -12.8 0.0 -47.8 0.0 -36.4 0.0 -44.0 0.0 -53.9 0.0 33.8 0.0 -10.8 -0.5 -1.9 -26.8 -21.1 -23.7 -12.8 -55.4 -50.1 11.4 -3.7 -50.3 84.2 16.2 16.4 249.9 288.9 385.9 385.7 419.4 488.0 439.6 503.4 543.7 512.0 617.0 526.0 8.7 207.1 244.4 330.9 362.5 380.6 396.7 2.2 46.1 57.6 70.4 72.2 73.8 74.3 0.5 26.4 46.1 57.0 36.8 36.9 42.3 37.7 29.7 31.8 0.2 -68.6 -63.8 20.8 31.7 12.6 91.0 4.9 9.3 -0.2 -39.0 -26.8 -23.7 -55.4 -50.1 -50.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -11.7 -13.1 -21.1 -18.7 -16.4 -17.0 0.0 0.0 -0.2 -16.4 0.0 40.0 0.0 -23.9 0.0 10.3 0.0 98.2 0.0 158.3 6.1 -25.6 6.0 21.0 28.3 34.1 -74.1 7.2 -71.9 6.3 36.8 4.3 95.7 0.3 1.2 18.5 39.4 30.4 32.5 33.5 0.0 -10.8 0.0 23.5 0.6 12.3 12.7 13.4 12.6 12.9 11.7 -0.7 -24.1 -34.8 -75.4 -68.5 -61.9 -57.5 4.9 9.3 0.1 -46.6 37.7 -5.8 29.7 -81.3 31.8 -78.2 20.8 32.5 12.6 95.4 0.0 -10.2 -25.0 -22.2 -52.5 -46.9 -46.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -11.7 -13.1 -21.1 -18.7 -16.4 -17.0 0.0 0.1 0.0 -24.7 0.0 -6.9 10.9 10.7 74.3 63.4 0.0 0.0 32.3 -38.0 89.4 83.4 93.1 76.1 0.0 95.8 244.0 114.7 0.0 159.1 312.7 126.0 113.3 129.7 0.0 1.8 4.6 4.2 3.3 3.3 3.2 0.0 -2.7 -2.2 -4.5 -4.5 -4.7 -4.8 -0.7 -23.5 -33.7 -73.8 -67.4 -60.8 -56.3 11.3 90.8 124.4 156.6 198.4 177.0 183.9 0.0 0.2 -2.9 10.9 0.0 -3.7 -6.3 0.0 7.3 -16.4 0.0 129.3 0.0 186.7 0.0 -0.7 -14.8 -8.3 -9.4 1.2 0.5 0.0 33.6 -1.1 71.0 53.2 0.0 -11.7 -13.1 -21.1 -18.7 -16.4 -17.0 0.0 0.0 25.2 -34.4 0.0 -41.4 0.0 108.7 0.0 229.6 0.0 0.0 0.2 -10.2 35.7 -26.3 18 Improved NIPA Estimates September 2013 continue to grow slowly b u t steadily until becom ing larger in the late 1970s. The revisions exceed $100 bil lion by 1984 and reach over $615 billion for 2012. The dollar im pact o f the definitional changes on the level o f GDI is the sam e as the im pact on GDP (chart 2). For m ost years from the m id-1980s through 2012, the u p ward revisions to GDI due to definitional changes are slightly offset by dow nw ard revisions due to statistical changes, prim arily reflecting the im proved accounting o f IRS section 179 expenses and the im proved m ea sures o f financial services. For 2009, 2011, and 2012, the statistical revisions are notably upw ard and add to the total revision to GDI. National income. The im pacts o f a num ber o f revi sions to GDI are the sam e as those for national income. However, because national incom e is net o f consum p tion o f fixed capital (CFC), the recognition o f R&D as investm ent— w hich dom inates the revisions to GDI an d dim inishes the relative im pact of other changes— has less im pact on national incom e. As a re sult, national incom e is generally affected m ore by the im pacts o f the other changes. The revisions to national incom e vary in b oth di rection and m agnitude over time: they are dow nw ard and small until 1979, and then they are negative and are generally larger through 2001 (chart 3). For 2002-2012, the revisions are o f m ixed sign (upw ard for 2002-2004, dow nw ard for 2005-2010, and upw ard for 2011 and 2012). P rior to 1980, b oth definitional and statistical changes lead to upw ard revisions for m ost years and for 1980-1990, b oth types o f changes lead to dow n w ard revisions. For 1991-2012, dow nw ard revisions due to statistical changes (particularly the im proved m easures o f financial services and the im proved ac counting for IRS section 179 expenses) m ore than off set upw ard revisions due to definitional changes (particularly the upw ard im pacts o f capitalizing R&D and entertainm ent originals and o f incorporating ac crual-based m easures for defined benefit pensions, which m ore th an offset the dow nw ard im pact o f in cluding an expanded set o f ow nership transfer costs for residential fixed investm ent). Personal income. The revisions to personal incom e are upw ard for m ost years for 1929-2012 (chart 4). The upw ard revisions are prim arily accounted for by definitional changes, particularly the adoption o f ac crual-based m easures for defined benefit pension plans; statistical changes do n o t exceed $2 billion until 1983. A dditional detail on GDP, GDI, and other NIPA ag gregates and their m ajor com ponents is presented be low. The accom panying tables show the revisions for 1959, 2002, 2007, and 2010-2012 as allocated am ong the changes in definition and the statistical im prove m ents. A ppendix A presents the revised current-dollar estim ates for 2007, 2009, and 2012, shows the revisions in level for 2007-2012, and sum m arizes the m ajor Chart 2. Sources of Revision to Current-Dollar Chart 3. Sources of Revision to Current-Doliar National Income, 1979-2012 Billions of dollars U.S. Bureau of Economic Analysis September 2013 S urvey of C u r r e n t B u s in e s s Chart 4. Sources of Revision to Current-Doiiar 19 Domestic income and product (account 1) GDP. The upw ard revisions to GDP begin w ith 1929, source data incorporated and the sources o f revision for selected detailed com ponents. The rem ainder o f this section is organized according to the seven-account fram ew ork for the NIPAs: • D om estic incom e and product, account 1, shows the consolidated production o f all sectors o f the econom y as the sum o f goods and services sold to final users and as the sum o f incom es generated by the p ro duction of those goods and services. • Private enterprise incom e, account 2, provides addi tional inform ation on the sources and uses o f incom e by private enterprises. • Personal incom e and outlays, account 3, shows the sources and uses o f incom e of individuals, enter prises th at are ow ned by households, and nonprofit institutions that serve households. • G overnm ent current receipts and expenditures, account 4, shows the receipts and uses o f incom e for federal, state, and local governm ents (including governm ent enterprises). • For foreign transactions, the foreign transactions current account, account 5, sum m arizes the current transactions o f the U nited States w ith the rest o f the world, and the foreign transactions capital account, account 7, sum m arizes the capital transactions w ith the rest o f the world. • D om estic capital, account 6, shows the relationship between saving and investm ent in the U.S. econ omy. though the revisions are less than $10 billion until 1953. The revisions for this early period prim arily re flect the im pact o f recognizing new form s o f fixed in vestm ent on gross private dom estic investm ent and on governm ent consum ption expenditures and gross in vestm ent. W ith few exceptions, the upw ard revisions to GDP grow larger th ro u g h o u t the period o f revision. As a percentage o f the previously published level o f GDP, the revisions range from 1.0 percent to 3.7 percent; the revisions average 2.8 percent for 1929-2012. As noted above, definitional changes have a far greater im pact on the level o f GDP than statistical changes; for m ost years, statistical changes result in dow nw ard revisions to GDP. GDI and the statistical discrepancy. T hrough 1977, the revisions to GDI increase steadily b u t slowly; for 1978-2006, the revisions increase m ore rapidly, p ri m arily reflecting the im pacts o f the definitional changes. For 2007-2012, the revisions vary in size, p ri m arily reflecting the im pacts o f the statistical changes. As a percentage o f the previously published level o f GDI, the revisions range from 1.0 percent to 3.9 p er cent o f GDI. For 1929-2012, the revisions average 2.8 percent o f the previously published level o f GDI. For 1929-1992, the statistical discrepancy— GDP less GDI— is revised by less than $10 billion in absolute value.5 For 1993-2000, for 2004-2008, and for 2010, upw ard revisions to GDP are greater th an upw ard revi sions to GDI, and revisions to the statistical discrep ancy range from about $16 billion to about $101 billion. For 2001-2003, for 2009, and for 2011 and 2012, upw ard revisions to GDI are greater th an u p w ard revisions to GDP, and the statistical discrepancy is revised down. For 1992-2012, the revised estim ates (w ithout regard to sign) o f the statistical discrepancy average 0.7 percent o f GDP, the sam e percentage as in the previously published estimates. P rod uct-side com po nents Personal consumption expenditures (PCE). For 1929-1984, the revisions to PCE are dow nw ard and are less than $5 billion, reflecting the capitalization o f R&D. Beginning w ith 1985, the revisions are dow n w ard for m ost years. The largest dow nw ard revision (about $54 billion) is for 2002 (table 4). For 1985 and 5. In theory, GDP should equal GDI; in practice, GDP and GDI differ because their components are estimated using largely independent and less-than-perfect source data. See the box “The Statistical Discrepancy” in Robert P. Parker and Eugene P. Seskin, “Annual Revision o f the National Income and Product Accounts,” S u r v e y 77 (August 1997): 19. 20 Improved NIPA Estimates Table 4. Revisions to Personal Consumption Expenditures [Billions of dollars] Total revision..................................................... Definitional...................................................... Capitalization of research and development Statistical......................................................... Improved measurement of financial services Other statistical........................................... 1959 1997 2002 2007 2010 2011 -0.2 -0.1 -0.1 -0.1 0.0 -0.1 -9.9 -4.5 -4.5 -5.4 -7.3 1.9 -53.9 -27.9 -13.8 -5.7 -5.1 -7.9 -5.7 -5.1 -7.9 -48.2 -22.8 -5.9 -19.3 -15.7 -36.4 -28.9 -7.1 30.5 2012 -17.2 30.0 -10.8 -11.0 -10.8 -11.0 -6.4 41.0 -30.0 -29.5 23.6 70.5 Source of revision by component Goods................................................................. 0.0 0.0 -11.4 -2.3 -2.1 -22.1 -13.5 Durable goods............................................... Definitional.................................................. Statistical..................................................... 0.0 0.0 0.0 0.0 0.0 0.0 -6.7 0.0 -6.7 -3.8 0.0 -3.8 -8.7 -16.5 -16.2 0.0 0.0 0.0 -8.7 -16.5 -16.2 Nondurable goods Definitional.................................................. Statistical. 0.0 0.0 0.0 0.0 0.0 0.0 -4.7 0.0 -4.7 1.4 0.0 1.4 Services........ Definitional...................................................... Capitalization of research and development Statistical......................................................... Improved measurement of financial services Other statistical........................................... -0.2 -0.1 -0.1 -0.1 0.0 -0.1 -9.9 -4.5 -4.5 -5.4 -7.3 1.9 6.6 0.0 6.6 -5.6 0.0 -5.6 2.8 0.0 2.8 4.9 43.4 -42.5 -25.4 -11.8 -5.7 -5.1 -7.9 -10.8 -11.0 -5.7 -5.1 -7.9 -10.8 -11.0 -36.8 -20.3 -3.9 15.7 54.4 -19.3 -15.7 -36.4 -30.0 -29.5 -17.5 -4.6 32.5 45.7 83.9 1986, there are small upw ard revisions o f about $5 billion an d ab out $2 billion, respectively; the only n o table upw ard revision to PCE is for 2012 ($30 billion). For 1929-1997, revisions to PCE are due to revi sions to services, prim arily reflecting the im pacts o f recognizing R&D as investm ent (for 1929 forward) and the im proved m easures o f financial services (for 1985 forward). For 1998-2011, revisions to PCE also reflect the in co rp o ratio n o f a significant am o u n t o f new and revised source data: BEA’s 2007 benchm ark 1 -0 accounts; ta b ulations o f Census B ureau data from the service an nual survey (SAS), the annual retail trade survey, the cu rren t po p u lation survey, the housing vacancy survey, an d the A m erican housing survey; and data from the Energy Inform ation A dm inistration. The overall im pacts o f these data result in dow nw ard revisions to PCE for b o th goods and services for m ost years. Private fixed investment. Private fixed investm ent is revised up for all years from 1929 forward; p rio r to 2003, the revisions are due alm ost exclusively to the im pacts o f recognizing R&D and entertainm ent origi nals as nonresidential fixed investm ent and o f expand ing the ow nership transfer costs th at are recognized as residential fixed investm ent (table 5). For 2003 forward, the revisions to private fixed in vestm ent also generally reflect upw ard revisions to equipm ent and to the change in private inventories th at are partly offset by dow nw ard revisions to nonres idential structures. Nonresidential structures. Revisions to this com p o n en t begin w ith 2002 and are dow nw ard for m ost years; the largest dow nw ard revision is for 2008 (about $34 billion). The revisions are exclusively due to statis tical changes— prim arily the incorporation o f data from the 2007 benchm ark 1-0 accounts, o f revised p e troleum footage drilled and expenditure data from trad e sources and the Census Bureau, and o f revised Census Bureau construction spending data. September 2013 Equipment. Private equipm ent (excluding soft ware) was revised up for 2003 forward, reflecting sta tistical changes, including the incorporation o f BEAs 2007 benchm ark 1-0 accounts, o f new and revised data from Census Bureau surveys o f m anufactures, and o f other new and revised source data. The revisions to equipm ent are less than $10 billion until 2005 and rem ain less th an $20 billion until 2010. For 2010-2012, new and revised Census Bureau an nual survey o f m anufactures data for shipm ents result in upw ard revisions, particularly to inform ation p ro cessing equipm ent; the upw ard revisions to equipm ent range from about $31 billion for 2010 to about $43 bil lion for 2012. Intellectual property products. This new category o f fixed investm ent consists o f expenditures for soft ware, for R&D, and for entertainm ent, literary, an d ar tistic originals. Private investm ent in software was previously in cluded in the “equipm ent and software” category. Soft ware is n o t revised until 2003; for 2003-2009, there are small, generally dow nw ard, revisions o f less th an $2 billion. For 2010-2012, the dow nw ard revisions b e com e larger, reaching about $12 billion for 2012. The revisions reflect statistical changes th at result prim arily from the incorporation o f data from the 2007 ben ch m ark 1-0 accounts and o f new and revised Census Bu reau SAS data. Table 5. Revisions to Gross Private Domestic Investment [Billions of dollars] 1959 Total revision................................................. Definitional.................................................. Capitalization of research and development....................................... Capitalization of entertainment, literary, and artistic originals............................. Expanded set of ownership transfer costs for residential fixed assets................... Reclassification of software to intellectual property products................................ Statistical.................................................... 1997 2002 2007 2010 2011 2012 7.2 206.9 278.0 348.5 363.5 377.2 412.9 7.1 206.9 269.4 350.8 349.2 365.9 385.7 4.4 134.4 165.7 223.3 240.2 255.2 269.1 2.2 46.1 57.6 70.4 72.2 73.8 74.3 0.5 26.4 46.1 57.0 36.8 36.9 42.3 0.0 0.1 0.0 0.0 0.0 8.6 0.0 -2.3 0.0 14.3 0.0 11.3 0.0 27.2 Source of revision by component Structures... Definitional.......................................... Statistical. 7.1 207.0 271.6 343.2 360.3 377.3 6.6 180.5 223.5 283.1 319.8 330.3 0.0 0.0 0.1 -28.0 -14.3 -24.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 -28.0 -14.3 -24.2 Equipment1. Definitional.......................................... Statistical. 0.0 0.0 0.0 Intellectual property products.............. Definitional.......................................... Capitalization of research and development................................ Capitalization of entertainment, literary, and artistic originals........ Statistical revision to software.............. 4.4 134.4 165.7 223.3 240.2 255.2 269.1 Private fixed investment................................ Nonresidential........................................... 0.0 0.0 0.0 0.0 0.0 0.0 18.2 0.0 18.2 30.7 0.0 30.7 36.7 0.0 36.7 404.9 348.7 -26.1 0.0 -26.1 43.1 0.0 43.1 6.6 180.6 223.3 293./ 312.4 329.0 343.4 2.2 0.0 46.1 0.0 57.6 0.0 70.4 -0.8 72.2 73.8 74.3 -8.9 -11.1 -11.8 Residential................................................. Definitional.............................................. Expanded set of ownership transfer costs for residential fixed assets...... Statistical................................................ 0.5 0.5 26.5 26.4 48.1 46.1 60.0 57.0 40.5 36.8 47.1 36.9 56.3 42.3 0.5 0.0 26.4 0.1 46.1 2.0 57.0 3.0 36.8 3.7 36.9 10.2 42.3 14.0 Change in private inventories....................... Definitional.................................................. Statistical.................................................... 0.0 0.0 0.0 -0.1 0.0 -0.1 6.5 0.0 6.5 5.4 0.0 5.4 3.1 0.0 3.1 -0.2 0.0 -0.2 8.0 0.0 8.0 1. “Equipment” is a new NIPA category. Revisions are calculated by subtracting the new category from a comparable category derived from the previously published NIPA category “private fixed investment in equip ment and software.” September 2013 S urvey of C u r r e n t B u s in e s s E xpenditures for R&D and for entertainm ent origi nals were previously treated as interm ediate expenses and were n o t recorded as final expenditures. Recogniz ing R&D and entertainm ent originals as fixed invest m en t boosts the level o f investm ent for all years. For R&D, private investm ent exceeds $10 billion in 1969 an d reaches nearly $270 billion in 2012. For entertain m en t originals, private investm ent exceeds $10 billion in 1979 and reaches over $74 billion in 2012. Residential fixed investment. This com ponent is revised up, generally by increasing am ounts, for all years. The revisions are less th an $1 billion until 1965, rem ain less th an $5 billion until 1978, and reach a peak o f ab o u t $81 billion for 2005. For 2006 forward, the upw ard revisions are o f lesser am ounts b u t rem ain m ostly above $40 billion. The revisions for each year are prim arily due to the expanded set o f ow nership transfer costs th at are rec ognized as residential fixed investm ent. Statistical changes— prim arily reflecting the incorporation of data from the 2007 benchm ark 1 -0 accounts and of new an d revised Census Bureau construction spending data— are generally small and upw ard after 2000. Change in private inventories. Revisions to the change in private inventories (“inventory investm ent”) begin w ith 2002 and are m ostly upward; they are less th an $10 billion for each year. The revisions prim arily reflect the im pact on nonfarm inventory investm ent o f the in corporation o f new and revised Census Bureau 21 data on inventory b ook values and o f new com m odity price weights from the 2007 benchm ark 1-0 accounts. Revisions to farm inventory investm ent are less th an $5 billion for all years and prim arily reflect revised U.S. D epartm ent o f A griculture (USDA) farm statistics for 2010-2012. For 2012, the revision to farm inven tory investm ent o f over $4 billion exceeds the revision to nonfarm inventories; this revision also reflects the incorporation o f revised USDA data. Net exports of goods and services. Revisions to net exports begin w ith 1985 and are o f m ixed sign, b u t they do n o t exceed $2 billion in absolute value until 2002 (table 6). Revisions are upw ard for 2002-2007, dow nw ard for 2008-2011, and upw ard for 2012. The largest upw ard revision is for 2012 (about $13 billion); the largest dow nw ard revision is for 2010 (alm ost $7 billion). For 1985-1998, the revisions to net exports are due solely to the im pact o f the im proved m easures o f fi nancial services on the exports o f services. For 1999-2012, the revisions to n et exports are p ri m arily due to the incorporation o f revised data from BEA’s international transactions accounts (ITAs); there are no definitional revisions to net exports.6 For ex p orts o f goods and services, the revisions are small for m ost years; the largest revision is an upw ard revision o f 6. Royalties for R&D and for entertainment originals were already included in the previously published estimates o f exports o f services and o f imports o f services. Data A vailability An extensive set of estimates is presented in “National Income and Product Accounts” (NIPAs) in this issue. These estimates and annual estimates for 1929 forward and quarterly estimates for 1947 forward are available on BEA’s Web site at www.bea.gov. The October S urvey of C urrent B usiness will present revised estimates of fixed assets and of consumer durable goods and revised estimates of real inventories, sales, and inventory-sales ratios for manufacturing and trade for the fourth quarter of 2009 through the second quarter of 2013. The October S urvey will also present revised estimates of state personal income for 2001-2012 that incorporate the results of this comprehensive NIPA revision. The November S urvey will feature the “Updated Sum mary of NIPA Methodologies,” which lists the principal source data and estimating methods that are used in pre paring the current-dollar and chained-dollar estimates of GDP. The lanuary S urvey will present the results from the 2007 benchmark input-output accounts, which are incorporated in this comprehensive NIPA revision. The following additional revised NIPA estimates and related tables will be released on BEA’s Web site and then published in upcoming issues of the S urvey: NIPA table 2.9 (personal income by households and by nonprofit institutions serving households), tables 3.15-3.17 (gov ernment spending by function), table 3.18 (reconcilia tion of NIPA federal government estimates with federal budget data), table 3.19 (reconciliation of NIPA state and local government estimates with Census Bureau data), tables 3.20 and 3.21 (state government and local govern ment current receipts and expenditures), and tables 3.22 and 3.23 (not seasonally adjusted estimates of federal government and state and local government current receipts and expenditures), table 5.10 (changes in the net stock of produced assets), NIPA table 7.12 (imputations in the NIPAs), table 7.15 (reconciliation of net farm income in the NIPAs with net farm income from the U .S . Department of Agriculture), and table 7.19 (reconcilia tion of NIPA income and outlays of nonprofit institu tions with IRS revenue and expenses). 22 Improved NIPA Estimates Table 6. Revisions to Net Exports of Goods and Services [Billions of dollars] 1959 Total revision..................................................... Definitional...................................................... Statistical......................................................... Improved measurement of financial services Other statistical............................................ 1997 2002 2007 2010 2011 2012 2.2 0.0 2.2 -1.7 3.9 3.3 0.0 3.3 -1.5 4.8 -6.9 0.0 -6.9 -2.9 -4.0 -0.6 0.0 -0.6 -3.2 2.6 12.7 0.0 12.7 -3.6 16.3 0.0 0.0 0.0 0.0 0.0 -0.6 0.0 -0.6 -0.7 0.1 Exports of goods and services......................... 0.0 -0.6 1.7 4.0 -0.9 7.0 11.9 Goods............................................................. Definitional.................................................. Statistical..................................................... 0.0 0.0 0.0 0.0 0.0 0.0 12.3 0.0 12.3 3.3 0.0 3.3 -0.1 0.0 -0.1 -0.9 0.0 -0.9 -6.8 0.0 -6.8 Services......................................................... Definitional.................................................. Statistical..................................................... Improved measurement of financial services............................................... Other statistical....................................... 0.0 0.0 0.0 -0.6 -10.6 0.0 0.0 -0.6 -10.6 0.7 0.0 0.7 -0.8 0.0 -0.8 7.9 0.0 7.9 18.7 0.0 18.7 0.0 0.0 -0.7 0.1 -1.7 -8.9 -1.5 2.2 -2.9 2.1 -3.2 11.1 -3.6 22.3 Imports of goods and services......................... 0.0 0.0 -0.5 0.7 5.9 7.6 -0.9 Goods............................................................. Definitional.................................................. Statistical..................................................... 0.0 0.0 0.0 0.0 0.0 0.0 4.2 0.0 4.2 -0.4 0.0 -0.4 4.2 0.0 4.2 5.4 0.0 5.4 3.5 0.0 3.5 Services......................................................... Definitional.................................................. Statistical..................................................... 0.0 0.0 0.0 0.0 0.0 0.0 -4.7 0.0 -4.7 1.3 0.0 1.3 1.7 0.0 1.7 2.3 0.0 2.3 -4.4 0.0 -4.4 Source of revision by component about $12 billion for 2012. For im ports o f goods and services, the revisions are less than $5 billion in abso lute value for each year except for 2010 and 2011, when they are about $6.0 billion and about $7.5 billion, re spectively. Government consumption expenditures and gross investment. G overnm ent consum ption expenditures and gross investm ent (“governm ent spending”) is re vised up for each year; for 1961 forward, the revisions exceed $10 billion and generally increase until about 2000, after which they are fairly steady through 2012 (table 7). The largest revision is for 2007 (about $128 billion). For 1929-1975, the revisions to governm ent spending are dom inated by upw ard revisions to federal spending. For 1976-1988, upw ard revisions to federal spending are partly offset by downward revisions to state and local spending. For 1989-2012, upw ard revi sions to state and local spending steadily increase, peaking at about $57 billion for 2004 and supplem ent ing the upw ard revisions to federal spending. For federal spending, b oth defense and nondefense spending contribute to the upw ard revisions. Begin ning w ith 1992, the upw ard revisions to defense spending begin to decrease, while the revisions to n o n defense spending increase th ro u g h o u t the period. Revisions to defense spending reflect upw ard revi sions to consum ption expenditures until 1979 and u p w ard revisions to gross investm ent for the entire period. Defense consum ption expenditures are revised up for 1929-1978; the largest upw ard revision (just over $5 billion) is for 1970. Defense consum ption ex penditures are revised dow n for 1979-2012; the largest dow nw ard revision (alm ost $52 billion) is for 2012. The revisions reflect the adoption o f accrual-based m easures for defined benefit pension plans, which have an upw ard im pact in early years b u t a downward September 2013 im pact in the recent period, and the effects o f rem ov ing R&D expenditures from consum ption. The u p w ard revisions to defense gross investm ent are m ore than accounted for by the capitalization o f R&D ex penditures. (For m ore on the im pacts on governm ent spending o f recognizing R&D as investm ent, see the box “G overnm ent Research and D evelopm ent”) The revisions to nondefense spending thro ugh out the period are due prim arily to the im pact on gross in vestm ent o f capitalizing R&D; revisions to consum p tion expenditures are small and m ostly downward. For state and local spending, revisions also begin w ith 1929. The revisions are upw ard and less than $3 billion through 1975, are dow nw ard and larger for 1976-1988, and are upw ard and even larger for 1989-2012. For 1976-1988, the dow nw ard revisions are due to the im pacts o f rem oving R&D expenditures Table 7. Revisions to Government Consumption Expenditures and Gross Investment [Billions of dollars] 1959 Total revision..................................................... Definitional...................................................... Capitalization of research and development Accrual accounting for defined benefit pension plans.......................................... Statistical........................................................ Improved measurement of financial services Other statistical........................................... 1997 2002 2007 2010 2011 2012 8.9 9.3 4.4 79.8 111.6 127.7 116.5 98.9 104.2 86.6 122.0 142.4 162.1 156.9 151.3 77.2 84.4 112.7 130.3 136.1 138.6 4.9 -0.4 0.0 -0.4 9.3 37.7 29.7 31.8 20.8 12.6 -6.8 -10.4 -14.7 -45.6 -58.0 -47.1 -2.9 -5.7 -6.5 -16.2 -17.0 -17.3 -3.9 -4.7 -8.2 -29.4 -41.1 -29.8 Source of revision by component Federal............................................................... 8.2 51.4 60.0 73.5 80.8 82.0 81.4 Defense.......................................................... 7.1 21.6 19.1 16.4 15.1 15.0 8.0 Consumption expenditures...................... Definitional.............................................. Capitalization of research and development................................... Accrual accounting for defined benefit pension plans................................. Statistical................................................ Gross investment...................................... Definitional.............................................. Capitalization of research and development.................................... Statistical................................................ Nondefense................................................... Consumption expenditures...................... Definitional.............................................. Capitalization of research and development.................................... Accrual accounting for defined benefit pension plans.................................. Statistical................................................ Improved measurement of financial services.......................................... Other statistical.................................... Gross investment...................................... Definitional.............................................. Capitalization of research and development.................................... Statistical................................................ 1.9 -12.0 -22.6 -49.3 -49.3 -49.3 -51.6 1.5 -15.0 -25.9 -49.7 -51.8 -53.9 -54.1 -1.9 5.5 -3.1 -11.6 ^t.O -3.0 0.0 3.4 -20.5 -22.8 -38.1 -47.8 -50.9 -54.1 0.4 3.0 3.3 0.4 2.5 4.6 2.5 5.2 33.7 41.7 65.8 64.3 64.3 59.5 5.7 33.6 41.4 65.4 65.3 66.6 64.3 5.7 -0.5 33.6 0.1 41.4 0.3 65.4 0.4 65.3 -1.0 66.6 -2.3 64.3 -4.8 1.1 29.9 40.9 57.0 65.8 66.9 73.5 0.0 -6.8 -7.6 -1.2 -2.6 -3.6 3.7 0.0 -13.0 -19.7 -22.5 -25.6 -22.4 -20.3 -0.6 -4.6 -10.0 —8.8 -11.0 -8.3 -5.1 0.6 0.0 -8.4 6.2 -9.7 -13.8 -14.6 -14.1 -15.2 12.1 21.3 23.0 18.8 24.0 0.0 0.0 0.0 6.2 -0.1 12.2 0.0 21.4 0.0 23.0 0.0 18.8 0.0 24.0 1.1 1.1 36.6 37.1 48.4 48.6 58.3 57.2 68.3 66.7 70.6 66.6 69.8 64.4 1.1 0.0 37.1 -0.5 48.6 -0.2 57.2 1.1 66.7 1.6 66.6 4.0 64.4 5.4 State and lo c a l.................................................. 0.6 28.3 51.6 54.3 35.8 17.0 22.8 Consumption expenditures.......................... Definitional.................................................. Capitalization of research and development....................................... Accrual accounting for defined benefit pension plans...................................... Statistical.................................................... Improved measurement of financial services.............................................. Other statistical....................................... 0.5 0.8 21.4 36.9 41.6 67.7 42.5 78.0 22.1 90.2 -0.6 82.1 5.6 79.2 0.0 -1.3 -2.4 -3.5 ^ .1 -3.6 -2.7 Gross investment.......................................... Definitional.................................................. Capitalization of research and development....................................... Statistical.................................................... 0.9 38.2 70.1 81.6 94.3 85.7 82.0 -0.3 -15.5 -26.1 -35.5 -68.1 -82.7 -73.6 0.0 -2.9 -5.6 -6.5 -16.1 -16.9 -17.3 -0.3 -12.6 -20.5 -29.0 -52.0 -65.8 -56.4 0.2 6.9 10.0 11.8 13.7 17.5 17.2 0.2 6.9 10.0 14.1 17.3 17.8 17.8 0.2 0.0 6.9 0.0 10.0 0.0 14.1 -2.3 17.3 -3.6 17.8 -0.3 17.8 -0.6 September 2013 S urvey of from consum ption, o f incorporating accrual-based m easures for defined benefit pension plans, and o f other changes, including the incorporation o f im proved m easures o f state and local governm ent-spon sored defined contribution pension plans; beginning w ith 1985, the dow nw ard revisions also reflect the im proved m easures o f financial services.7 These dow n w ard revisions are partly offset by upw ard revisions due to the im pact on gross investm ent o f capitalizing R&D and the im pact on consum ption expenditures from the addition o f CFC for R&D. For 1989-2012, upw ard revisions to b o th consum ption expenditures an d gross investm ent for m ost years prim arily reflect the im pacts o f incorporating accrual-based m easures for defined benefit pension plans and the recognition 7. With this comprehensive revision, BEA improved its coverage o f state and local defined contribution pension plans by incorporating new source data from the Bureau o f Labor Statistics employer costs for employee com pensation survey. See “Preview: Statistical Changes,” 8-9. Government Research and Development In addition to the definitional change that reclassifies government research and development (R&D) spend ing from consumption to investment, the new treat ment of R&D also changes the classification of government spending between the federal govern ment and state and local governments. The federal government is a major funder of R&D through research grants, while state and local governments are major producers of R&D at public universities and hospitals. With the recognition of R&D as a capital asset, ownership of the R&D asset must be assigned to a sec tor of the economy. BEA adopted the convention that the entity that funds R&D will be the owner of the R&D asset. Thus, federally funded R&D performed at public universities and hospitals is recorded as federal gross investment in intellectual property products.1 Accordingly, federal research grants-in-aid to state and local governments are reclassified as federal gross investment and as state and local sales to other sectors; previously, they had been recorded as federal current transfer payments and as state and local current trans fer receipts. In addition to these changes, BEA introduced new source data for federal R&D spending. Previously, the estimates for R&D—which were treated as intermedi ate goods and services purchased—had been based on federal budget data; the newly published estimates for federal R&D investment are based on data from the National Science Foundation surveys of R&D by per former and by funder when available. 1. See “Preview: Changes in Definitions and Presentations,” 15-16. 23 C u r r e n t B u s in e s s o f R&D as investm ent; these upw ard revisions are partly offset by dow nw ard revisions due to the im proved m easures o f financial services. Income-side components Compensation of employees, paid. This aggregate shows the incom e accruing to employees for their work for dom estic production; it includes com pensation paid to the rest o f the w orld and excludes com pensa tion received from the rest o f the w orld.8 The revisions to com pensation reflect revisions to wages and salaries and to supplem ents to wages and salaries (table 8). P rior to 1992, the revisions are due exclusively to revisions to supplem ents. Revisions to wages and salaries reflect only statis tical changes; the introduction o f accrual accounting for wages and salaries affects only the m easure o f wages and salaries in personal incom e (the m easures o f wages and salaries in GDI and in national incom e were al ready on an accrual basis). The statistical revisions in clude updated m easures o f m isreporting based on data from the IRS, revised data on wages and salaries paid to and received from the rest o f the w orld from the ITAs, im proved m easures o f wages paid by Indian tribal governm ents, revised estim ates o f wages from cafeteria plans, and the incorporation o f new and re vised data from the Bureau o f Labor Statistics (BLS) Q uarterly Census o f E m ploym ent and Wages. Revisions to wages and salaries begin w ith 1992. For 1992-2012, revisions to wages and salaries are o f m ixed sign; the largest dow nw ard revision is for 2010 8. This measure of compensation differs from the measure that is a com ponent o f national income. The national income measure excludes com pensation paid to the rest o f the world and includes compensation received from the rest of the world. Table 8. Revisions to Compensation of Employees, Paid [Billions of dollars] 1959 Total revision..................................................... Definitional...................................................... Accrual accounting for defined benefit pension plans......................................... Accrual accounting for wages and salaries.. Statistical........................................................ Source of revision by component Wages and salaries........................................... Definitional...................................................... Accrual accounting for wages and salaries.. Statistical........................................................ Supplements to wages and salaries................ Definitional...................................................... Accrual accounting for defined benefit pension plans......................................... Statistical........................................................ Employer contributions for employee pension and insurance funds................... Definitional.................................................. Accrual accounting for defined benefit pension plans..................................... Statistical.................................................... Employer contributions for government social insurance....................................... Definitional.................................................. Statistical.................................................... 1997 2002 2007 2010 2011 2012 5.3 5.3 49.1 42.1 33.3 31.5 45.8 55.0 -1.9 -16.6 19.6 3.5 -13.4 -23.4 5.3 0.0 0.0 42.1 0.0 7.0 31.5 0.0 1.8 55.0 0.0 -9.2 3.5 -13.4 -23.4 0.0 0.0 0.0 -5.4 -3.2 43.0 0.0 0.0 0.0 0.0 5.4 5.3 3.2 0.0 0.0 3.2 45.8 42.1 32.0 31.5 62.7 55.0 24.4 5.9 -2.0 3.5 -13.4 -23.4 5.3 0.1 42.1 3.7 31.5 0.5 55.0 7.7 3.5 -13.4 -23.4 20.9 19.3 21.4 5.3 5.3 45.9 42.1 32.1 31.5 60.9 55.0 6.4 -1.5 23.1 3.5 -13.4 -23.4 5.3 0.0 42.1 3.8 31.5 0.6 55.0 5.9 3.5 -13.4 -23.4 19.6 19.8 21.9 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 -0.1 1.8 0.0 1.8 1.3 -16.9 -26.1 -22.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.3 -16.9 -26.1 -22.5 1.3 0.0 1.3 -0.5 0.0 -0.5 21.6 0.0 0.0 21.6 -0.5 0.0 -0.5 24 Improved NIPA Estimates (just over $26 billion), and the largest upw ard revision is for 2012 (over $21 billion). The revisions to supplem ents are upw ard for 1929-1975, are dow nw ard for 1976-1988, and are u p w ard for 1989-2002. Revisions are dow nw ard for 2003, are upw ard for 2004-2011, and are dow nw ard for 2012. The largest upw ard revision is for 2000 (alm ost $70 billion), and the largest dow nw ard revision is for 1984 ($28 billion). The revisions to supplem ents prim arily reflect the im pact on em ployer contributions for employee p e n sion and insurance funds o f incorporating accrualbased m easures for defined benefit pension plans. Be ginning w ith 1992, statistical revisions exceed $2 bil lion an d reach a peak o f over $21 billion for 2012. Statistical revisions in the later years largely reflect new pensions data from the D epartm ent o f Labor as well as new m edical expenditures panel survey data from the D ep artm en t o f H ealth and H um an Services. Taxes on production and imports. The revisions to this co m ponent begin w ith 2002; revisions are dow n w ard for 2002, are upw ard for 2003-2010, and are dow nw ard for 2011 and 2012 (table 9). The largest u p w ard revision is for 2007 (over $7 billion), and the largest dow nw ard revision is for 2012 (about $7 bil lion). For each year, the revisions are exclusively due to statistical changes, including upw ard revisions to p ro p erty taxes and to state and local general sales taxes th at are based prim arily on the incorporation o f new and revised Census Bureau governm ent finances data. Table 9. Revisions to Taxes on Production and Imports Less Subsidies [Billions of dollars] 1959 Total revision...................................... Definitional...................................... Statistical........................................ 1997 2002 2007 2010 2011 2012 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 0.0 -0.2 7.4 0.0 7.4 3.2 0.0 3.2 0.8 0.0 0.8 -3.6 0.0 -3.6 Taxes on production and im ports.... Definitional...................................... Statistical........................................ 0.0 0.0 0.0 0.0 0.0 0.0 -0.2 0.0 -0.2 7.4 0.0 7.4 2.1 0.0 2.1 -0.8 0.0 -0.8 -7.1 0.0 -7.1 Less: Subsidies................................. Definitional...................................... Statistical........................................ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.1 0.0 -1.1 -1.6 0.0 -1.6 -3.5 0.0 -3.5 Source of revision by component Subsidies. This com ponent is revised for 1929-1958 and for 2006-2012 (table 9). For 1929-1958, upw ard revisions result from the adoption o f accrual-based m easures for defined benefit pension plans for federal governm ent enterprises, w hich are netted against sub sidies in this period.9 For 2006-2012, the revisions are generally dow nw ard and small, reaching a peak o f less th an $4 billion for 2012. The revisions result prim arily September 2013 from new and revised federal budget data and the re classification o f certain federal transactions from sub sidies to other transactions (such as capital transfers to business).10 Net operating surplus. This com ponent is a profits like m easure th at shows business incom e after sub tracting the costs o f com pensation o f employees, taxes on production and im ports less subsidies, and CFC from gross value added b u t before subtracting financ ing costs (such as net interest) and business transfer paym ents. Net operating surplus consists o f net in ter est and m iscellaneous paym ents (of dom estic in d u s tries), business current transfer paym ents (net), proprietors’ incom e w ith inventory valuation adjust m ent (IVA) and capital consum ption adjustm ent (CCAdj), rental incom e o f persons w ith CCAdj, co rp o rate profits w ith IVA and CCAdj (o f dom estic in d u s tries), and the current surplus o f governm ent enterprises. Except for the current surplus o f govern m ent enterprises discussed below, the revisions to these com ponents are discussed in the section on the private enterprise incom e account. Revisions to net operating surplus begin w ith 1931 and are less th an $5 billion until 1973. Revisions are upw ard for 1973-1985, are dow nw ard for 1986-2002, are upw ard for 2003, are dow nw ard for 2004-2010, and are upw ard for 2011 and 2012 (table 10). The largest dow nw ard revision is for 2008 (alm ost $197 bil lion), and the largest upw ard revision is for 2012 (al m ost $70 billion). Current surplus of government enterprises. The revisions to this com ponent begin w ith 1959 and are fairly small th ro u g h o u t the period, reaching $5 billion in absolute value for only 4 years, all after 2005. Prior to 2006, the revisions are due prim arily to the adoption of accrual-based m easures for defined benefit pension plans, w hich results in upw ard revisions for federal enterprises th at are partly offset by dow nw ard revi sions to state and local enterprises. For 2006-2009, the adoption o f accrual-based m easures results in dow n w ard revisions th at are supplem ented by dow nw ard statistical revisions. For 2011 and 2012, upw ard statis tical revisions m ore th an offset the dow nw ard revi sions due to the adoption o f accrual-based m easures for defined benefit pension plans. CFC. CFC is revised up for all years; revisions reach $10 billion by 1959 and grow steadily thereafter, reach ing over $531 billion for 2012 (table 11). T hro u g h o u t 10. Payments to lenders who refinanced mortgages through the Home Affordable Modification Program are reclassified from subsidies to capital 9. As part o f the 2003 comprehensive revision, the current surplus of gov transfers to business based on new information from the Department of ernment enterprises was reclassified as a government receipt for 1959 for Treasury. In addition, certain payments made to commercial banks through ward; before this revision, it was classified as a negative government the federal government’s Student Loan Purchasing Authority are reclassi expenditure and netted against subsidies. The available source data do not fied as financial transactions in order to maintain consistency with how allow the reclassification prior to 1959. BEA treats similar transactions related to other student loan programs. September 2013 S urvey of the period, the revisions to private CFC exceed those to governm ent CFC, and the revisions to business CFC exceed revisions to the CFC o f households and in stitu tions (that is, n onprofit institutions). The upw ard reviTable 10. Revisions to Net Operating Surplus [Billions of dollars] 1959 1997 Total revision.................................................... Definitional..................................................... Capitalization of research and development Capitalization of entertainment, literary, and artistic originals...................................... Expanded set of ownership transfer costs for residential fixed assets........................... Accrual accounting for defined benefit pension plans......................................... Statistical........................................................ Improved measurement of financial services Improved distribution of regulated investment companies investment income Improved measures of IRS section 179 expensing............................................... Improved mortgage interest paid estimates Other statistical.......................................... 2010 2011 2012 0.8 -75.3 0.6 -21.1 1.2 23.5 -4.3 -130.5 -70.0 2.6 -47.9 2.8 39.4 30.4 18.5 43.6 17.7 32.5 69.8 23.7 33.5 0.6 12.7 12.9 11.7 12.3 2002 2007 13.4 12.6 -0 ./ -24.1 -34.8 -75.4 -68.5 -61.9 -57.5 -0.4 -32.7 6.1 0.2 -54.2 -6.9 0.0 -10.8 -26.8 -25.3 28.3 34.2 36.1 -82.6 -72.8 25.9 46.1 -23.7 -55.4 -50.1 -50.3 0.0 0.0 0.0 0.0 -11.7 -13.1 0.0 0.0 0.0 0.2 -31.7 32.9 0.0 0.0 0.0 0.0 -21.1 -18.7 -16.4 -17.0 0.0 0.0 0.0 0.0 -37.9 1.3 92.4 113.4 Source of revision by component Private enterprises........................................... Definitional..................................................... Capitalization of research and development Capitalization of entertainment, literary, and artistic originals...................................... Expanded set of ownership transfer costs for residential fixed assets........................... Accrual accounting for defined benefit pension plans......................................... Statistical........................................................ Improved measurement of financial services Improved distribution of regulated investment companies investment income Improved measures of IRS section 179 expensing............................................... Improved mortgage interest paid estimates Other statistical.......................................... Current surplus of government enterprises . .. Definitional..................................................... Accrual accounting for defined benefit pension plans......................................... Statistical........................................................ 1.2 -78.7 1.1 -24.5 1.2 23.5 -5.0 -125.8 -66.6 1.8 -45.8 6.6 18.5 39.4 30.4 40.8 21.6 32.5 63.5 27.0 33.5 0.6 12.7 12.9 11.7 12.3 13.4 12.6 -0 ./ -24.1 -34.8 -75.4 -68.5 -61.9 -57.5 0.0 -36.1 5.4 0.1 -54.2 -6.8 0.0 -10.8 -26.8 -23.3 32.1 38.1 39.4 -80.0 -73.2 19.2 36.5 -23.7 -55.4 -50.1 -50.3 0.0 0.0 0.0 0.0 -11.7 -13.1 0.0 0.0 0.0 0.1 -31.7 33.0 0.0 0.0 0.0 0.0 -21.1 -18.7 -16.4 -17.0 0.0 0.0 0.0 0.0 -35.3 0.9 85.7 103.8 -0.5 -0.4 3.4 3.4 0.7 0.7 -4.6 -2.0 -3.4 -3.8 2.7 -3.9 6.3 -3.3 -0.4 -0.1 3.4 0.0 0.7 0.0 -2.0 -2.7 -3.8 0.4 -3.9 6.6 -3.3 9.7 Table 11. Revisions to Consumption of Fixed Capital [Billions of dollars] 1959 Total revision..................................................... Definitional...................................................... Capitalization of research and development Capitalization of entertainment, literary, and artistic originals....................................... Expanded set of ownership transfer costs for residential fixed assets............................ Statistical......................................................... 1997 2002 2007 2010 2011 2012 10.0 276.2 357.1 496.9 508.2 515.8 531.2 10.4 267.9 351.6 480.8 497.1 507.7 525.7 7.5 183.6 225.8 291.4 332.2 348.1 363.2 1./ 33.8 44.9 59.6 60.8 62.6 1.2 -0.4 50.5 8.3 80.9 132.4 105.3 5.5 16.1 11.1 98.8 8.1 99.9 5.5 57.0 sions to business CFC exceed $300 billion for 2012 and are prim arily due to the capitalization of R&D and, to a lesser degree, o f entertainm ent originals. For households and institutions, the upw ard revi sions, which exceed $101 billion for 2012, are prim arily due to the expanded set o f ow nership transfer costs for residential fixed assets; these revisions are supple m ented by smaller upw ard revisions due to the capital ization o f R&D.11 For the federal governm ent, the revisions reach al m ost $121 billion for 2012 and are m ostly due to the capitalization o f R&D. For state and local govern m ents, the upw ard revisions are less than $10 billion thro u g h o u t the period and are also due prim arily to the capitalization o f R&D. Private enterprise income (account 2) Private enterprises consist o f private businesses, ow ner-occupied housing, and nonprofit institutions serving households (for purposes o f estim ating m o ne tary and im puted interest paym ents and im puted in terest receipts). Net interest and miscellaneous payments, domes tic industries. Revisions begin w ith 1951 b u t are less th an $2 billion until 1973 and are less than $5 billion until 1981. For 1973-2001, revisions are m ostly u p ward. For 2002-2012, revisions are dow nw ard and range from about $17 billion to about $180 billion (ta ble 12). Prior to 1985, the revisions are due prim arily to the adoption of accrual-based m easures for defined benefit pension plans. For 1986 forward, the revisions also reflect the im pact o f the im proved m easures of fi nancial services th at causes the total revision to be 11. The revisions associated with ownership transfer costs also reflect a faster depreciation rate for brokers’ commissions on residential structures. Table 12. Revisions to Net Interest and Miscellaneous Payments, Domestic Industries [Billions of dollars] Source of revision by component Private................................................................ Business........................................................ Definitional.................................................. Capitalization of research and development........................................ Capitalization of entertainment, literary, and artistic originals............................ Expanded set of ownership transfer costs for residential fixed assets.................... Statistical..................................................... 5.8 200.4 274.0 388.8 383.6 387.0 401.5 4.7 149.4 192.9 260.5 278.0 285.9 300.4 4.8 141.6 189.1 241.3 264.0 274.4 288.4 3.0 102.7 136.4 171.3 193.2 202.8 215.3 1.7 33.8 44.9 57.0 59.6 60.8 62.6 0.1 -0.1 5.1 7.8 7.8 3.8 13.0 19.2 11.2 14.0 10.7 11.5 10.5 12.0 1.1 1.2 50.9 49.1 Households and institutions........................ Definitional.................................................. Capitalization of research and development........................................ Expanded set of ownership transfer costs for residential fixed assets.................... Statistical..................................................... 0.1 3.7 1.1 0.0 Government....................................................... Federal........................................................... Definitional.................................................. Capitalization of research and development........................................ Statistical..................................................... State and local............................................... Definitional.................................................. Capitalization of research and development........................................ Statistical..................................................... 25 C u r r e n t B u s in e s s 81.1 128.2 105.6 101.2 101.1 78.1 126.8 102.8 97.2 98.7 1959 Total revision..................................................... Definitional...................................................... Accrual accounting for defined benefit pension plans......................................... Statistical........................................................ Improved measurement of financial services Improved distribution of regulated investment companies investment income 1.............. Improved mortgage interest paid estimates Other statistical........................................... 1997 2002 2007 2010 2011 2012 0.1 0.0 6.4 -13.6 -16.7 22.9 -71.4 -3.7 -82.4 24.1 -81.8 24.3 -86.4 22.2 0.0 0.1 0.0 -13.6 20.0 -10.8 22.9 -39.6 -26.8 -3.7 24.1 22.2 24.3 -67.7 -106.5 -106.1 -108.6 -23.7 -55.4 -50.1 -50.3 0.0 0.0 0.1 25.4 5.3 0.2 -2.2 -13.4 2.8 42.8 -96.6 9.8 24.9 -92.0 15.9 1.9 -95.4 37.5 -83.3 0.0 0.0 6.4 -13.6 -18.4 22.9 -75.2 -3.7 -84.5 24.1 -85.7 24.3 -89.8 22.2 0.0 0.0 0.0 -13.6 20.0 -10.8 22.9 -41.3 -26.8 -3.7 24.1 22.2 24.3 -71.5 -108.6 -110.0 -112.0 -23.7 -55.4 -50.1 -50.3 0.0 0.0 0.0 0.1 0.0 0.1 25.4 5.3 0.2 0.0 0.0 0.0 -2.2 -13.4 1.1 1.7 0.0 1.7 42.8 -96.6 6.0 Source of revision by component 5.0 7.4 8.7 9.1 9.4 45.4 1.8 73.1 119.4 3.0 1.4 94.1 2.8 88.1 4.0 89.4 2.4 4.1 75.8 83.2 108.1 124.6 128.7 129.7 4.1 4.3 70.6 71.6 75.8 100.2 115.0 119.4 120.7 76.8 102.1 117.0 122.0 123.6 4.3 -0.2 71.6 -1.0 76.8 102.1 117.0 122.0 123.6 -1.0 -1.9 -2.0 -2.6 -2.9 0.1 0.1 5.2 5.6 7.2 7.6 7.9 10.6 9.4 13.3 9.3 14.2 8.9 15.1 0.1 0.0 5.6 -0.4 7.6 -0.4 10.6 -2.7 13.3 -3.9 14.2 -4.9 15.1 -6.2 Net interest, domestic industries.................... Definitional...................................................... Accrual accounting for defined benefit pension plans......................................... Statistical........................................................ Improved measurement of financial services Improved distribution of regulated investment companies investment income 1.............. Improved mortgage interest paid estimates Other statistical........................................... Miscellaneous payments................................. Definitional...................................................... Statistical........................................................ 3.8 0.0 3.8 1. Revisions for 2012 are not shown because these data were not previously published. 24.9 -92.0 13.8 2.1 0.0 2.1 1.9 -95.4 33.6 -83.3 3.9 0.0 3.9 3.4 0.0 3.4 26 Improved NIPA Estimates dow nw ard for 1986, for 1991, and for 1992. For 1992 forw ard, the estim ates reflect im provem ents to the dis trib u tio n o f the incom e o f regulated investm ent com panies and to the m easures o f m ortgage interest paid. P rior to 2002, the im pacts o f these changes lead to u p w ard revisions. For 2002-2012, the dow nw ard revi sions to n et interest are prim arily accounted for by the im proved m easures o f m ortgage interest paid; the dow nw ard revisions are partly offset by upw ard revi sions for m ost years resulting from the im proved dis trib u tio n o f the incom e o f regulated investm ent com panies. Business current transfer payments (net). This co m ponent consists o f paym ents to persons, to gov ernm ent, an d to the rest o f the world. Revisions to business current transfer paym ents are less th an $2 billion in absolute value until 2001; for 2001-2012, revisions are dow nw ard for m ost years and range from less th an $1.0 billion to about $21 billion (table 13). For m ost years, the revisions are the result o f the reclassification o f certain paym ents to the fed eral governm ent from transfers to rents and royalties. For 2010 and 2012, dow nw ard revisions to transfer paym ents to persons also contribute to the overall dow nw ard revision. For 2012, the reclassification of fines paid by the rest o f the w orld also contributes to the dow nw ard revision.12 Table 13. Revisions to Business Current Transfer Payments (Net) [Billions of dollars] 1959 1997 2002 Total revision............................................. Definitional.............................................. Statistical................................................ Source of revision by component -0.1 0.0 -0.1 -1.2 0.0 -1.2 -1.7 0.0 -1.7 Payments to persons (net)........................ Definitional.............................................. Statistical................................................ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Payments to government (net)................. Definitional.............................................. Statistical................................................ -0.1 0.0 -0.1 -1.3 0.0 -1.3 -1.7 0.0 -1.7 Payments to the rest of the world (net).... Definitional.............................................. Statistical................................................ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2007 2010 2011 2012 -4.7 -11.5 0.0 0.0 -4.7 -11.5 -3.0 0.0 -3.0 -21.1 0.0 -21.1 0.1 0.0 0.1 -4.4 0.0 -4.4 1.8 0.0 1.8 -4.5 0.0 -4.5 -4.8 0.0 -4.8 0.0 0.0 0.0 -7.3 0.0 -7.3 0.2 0.0 0.2 -4.7 0.0 -4.7 -13.8 0.0 -13.8 -2.7 0.0 -2.7 -0.1 0.0 -0.1 Proprietors’ income with IVA and CCAdj. For p ro prietors’ incom e, dow nw ard revisions begin w ith 1929, b u t they are less th an $5 billion until 1985. For 1985-2011, revisions are dow nw ard and generally in creasing; the largest dow nw ard revision is over $111 billion for 2007. The only upw ard revision is for 2012 (about $23 billion) (table 14). P rior to 2011, the revisions are alm ost entirely a t tributable to n onfarm proprietors’ incom e. P rior to September 2013 Table 14. Revisions to Proprietors’ Income With Inventory Valuation and Capital Consumption Adjustments [Billions of dollars] 1959 Total revision................................................. Definitional.................................................. Capitalization of research and development....................................... Capitalization of entertainment, literary, and artistic originals............................. Expanded set of ownership transfer costs for residential fixed assets................... Statistical.................................................... Improved measures of IRS section 179 expensing........................................... Other statistical....................................... 2002 2007 2010 2011 2012 -2.2 22.6 -8.8 -10.2 0.0 1.8 4.6 4.2 3.3 3.3 3.2 0.0 -2.7 -2.2 -4.5 -4.5 -4.7 -4.8 0.0 -4.1 -7.1 -10.1 -7.5 0.0 -35.2 -14.7 -100.7 -62.0 -7.4 6.6 -8.6 32.9 0.0 -11.7 -13.1 0.0 -23.5 -1.6 -21.1 -18.7 -16.4 -17.0 -79.7 -43.2 23.0 49.9 Source of revision by component Farm............................................................... Definitional.................................................. Statistical.................................................... 0.0 0.0 0.0 Nonfarm......................................................... Definitional.................................................. Capitalization of research and development....................................... Capitalization of entertainment, literary, and artistic originals............................. Expanded set of ownership transfer costs for residential fixed assets................... Statistical.................................................... Improved measures of IRS section 179 expensing........................................... Other statistical....................................... 0.0 -40.1 0.0 -5.1 -0.2 0.0 -0.2 1.4 0.0 1.4 0.3 0.0 0.3 1.7 0.0 1.7 18.0 0.0 18.0 19.2 0.0 19.2 -20.7 -111.5 -72.4 -20.2 3.5 -4.6 -10.5 -8.7 -8.8 -10.2 0.0 1.8 4.6 4.2 3.3 3.3 3.2 0.0 -2.7 -2.2 -4.5 -4.5 -4.7 -4.8 0.0 -4.1 -7.1 -10.1 -7.5 -7.4 0.0 -35.0 -16.1 -101.0 -63.7 -11.4 -8.6 13.7 0.0 -11.7 -13.1 0.0 -23.3 -3.0 -21.1 -18.7 -16.4 -17.0 -80.0 -44.9 5.0 30.7 1982, the revisions to nonfarm proprietors’ incom e are due to the capitalization o f R&D and o f entertainm ent originals and to the expanded set o f ow nership transfer costs for residential fixed assets; these revisions are all dow nw ard and are generally small (less th an $2 bil lion). For 1982-2012, in addition to the changes noted above, the revisions also reflect the im proved m easures o f the capital gains and losses attributable to corporate partners and to other statistical revisions. For farm proprietors’ incom e, the revisions are less th an $7 billion in absolute value until 2011. For 2011 and for 2012, the upw ard revisions reach alm ost $20 billion, reflecting the incorporation o f revised source data from USDA. Rental income of persons with CCAdj. The revi sions to this com ponent are zero or very small (less th an $1 billion) and are dow nw ard until 1976; for 1976-2002, they are dow nw ard and larger, reaching a peak for 2000 (over $27 billion) (table 15). For 2003-2012, the revisions are upw ard and large, reach ing a peak in 2012 (over $78 billion). P rior to 2002, the dow nw ard revisions are due p ri m arily to expanding the set o f ow nership transfer costs Table 15. Revisions to Rental Income of Persons With Capital Consumption Adjustment [Billions of dollars] 1959 12. The 2013 annual revision of the ITAs reclassified specific fines paid by foreign companies as part o f transfer payments to the rest of the world (net). Previously, these fines and penalties were not captured in the ITAs. For more information, see Christopher L. Bach, “BEA Briefing: Fines and Penalties in the U.S. International Transactions Accounts,” S u r v e y 93 (July 2013): 55-60. 1997 0.0 -40.3 -19.3 -111.2 -70.7 0.0 -5.1 -4.6 -10.5 -8.7 Total revision..................................................... Definitional...................................................... Expanded set of ownership transfer costs for residential fixed assets............................ Statistical........................................................ Improved mortgage interest paid estimates Other statistical........................................... 1997 2002 2007 2010 2011 2012 -0.4 -24.5 -1.4 45.7 53.6 74.7 78.6 -0.6 -19.4 -26.6 -63.7 -59.9 -53.4 -47.7 -0.6 -19.4 -26.6 -63.7 -59.9 -53.4 -47.7 0.2 -5.1 25.2 109.4 113.5 128.1 126.3 0.0 -5.3 13.4 96.6 92.0 95.4 83.3 0.2 0.3 11.8 12.8 21.6 32.8 43.0 September 2013 S urvey of C u r r e n t B u s in e s s for residential fixed assets. Statistical revisions, includ ing the im proved m ethod for estim ating m ortgage in terest paid, and new and revised source data also contribute to the dow nw ard revisions. For 2001 and 2002, the statistical revisions are upw ard b u t are m ore th an offset by the dow nw ard im pact o f expanding the set o f ow nership transfer costs for residential fixed as sets. For 2003-2012, the increasing upw ard statistical revisions, especially the im proved estim ates o f m o rt gage interest paid, outw eigh the dow nw ard revisions due to the expanded set o f ow nership transfer costs an d result in upw ard revisions to rental incom e. Corporate profits with IVA and CCAdj. C orpo rate profits is revised up for 1929-1986, dow n for 1987-2001, an d up for 2002-2012 (table 16). Revisions are less th an $2 billion until 1963 and are less than $5 billion until 1972. For all years, revisions are alm ost ex clusively to profits o f dom estic industries; revisions to profits o f the rest o f the w orld begin w ith 1999 and are generally small (exceeding $2 billion in absolute value for only 4 years). For 1972-1986, upw ard revisions, w hich reach a peak for 1981 and 1982 (about $24 billion for b oth years), are prim arily due to definitional changes— the Table 16. Revisions to Corporate Profits With Inventory Valuation and Capital Consumption Adjustments [Billions of dollars] 1959 Total revision............................................. Definitional.............................................. Capitalization of research and development.................................... Capitalization of entertainment, literary, and artistic originals......................... Expanded set of ownership transfer costs for residential fixed assets...... Accrual accounting for defined benefit pension plans.................................. Statistical................................................. Improved distribution of regulated investment companies investment income ' .......................................... Other statistical................................... 1997 2002 2007 2010 2011 2012 1.7 -19.0 1.7 13.7 35.0 10.2 18.4 32.0 38.2 51.1 50.7 59.4 58.9 62.6 1.2 14.0 35.3 27.1 29.2 30.3 21.7 0.5 15.0 14.9 17.9 17.1 17.6 16.5 0.0 -0.6 -1.1 -1.6 -1.1 -1.1 -1.3 -17.5 -19.6 24.8 -13.6 8.0 -12.9 13.7 -8.7 17.2 -3.7 0.0 -22.5 0.0 -32.7 0.0 -25.4 0.0 -7.3 2.2 22.6 -42.8 29.1 -24.9 12.1 -1.9 -6.8 2.2 1.7 -4.9 10.0 23.6 5.9 10.0 25.1 18.5 43.6 -6.7 54.0 27.8 62.1 23.5 44.7 35.6 40.3 44.9 0.0 0.0 0.0 0.0 0.0 8.0 13.7 -25.1 -60.7 17.2 -34.3 Source of revision by component Profits before tax (without IVA and CCAdj) Definitional.............................................. Capitalization of research and development.................................... Capitalization of entertainment, literary, and artistic originals......................... Expanded set of ownership transfer costs for residential fixed assets...... Accrual accounting for defined benefit pension plans.................................. Statistical................................................. Improved distribution of regulated investment companies investment income 1.......................................... Other statistical................................... 1.7 32.5 0.0 0.0 IVA............................................................... Definitional.............................................. Statistical................................................. 0.0 0.0 0.0 0.0 0.0 0.0 CCAdj......................................................... Definitional.............................................. Capitalization of research and development.................................... Capitalization of entertainment, literary, and artistic originals......................... Expanded set of ownership transfer costs for residential fixed assets...... Statistical................................................. -0.5 -0.5 -14.2 -11.4 -0.5 -10.8 -9.5 0.0 0.0 -0.6 -2.8 -1.1 13.3 0.0 -22.5 0.5 -14.9 -17.5 -19.6 17.7 -15.1 0.0 -25.4 0.5 10.4 2.2 -42.8 27.7 15.5 8.7 0.0 8.7 -24.9 -0.2 -1.9 -58.9 -2.3 0.0 -2.3 6.6 0.0 6.6 0.9 0.0 0.9 21.9 51.0 -9.7 -12.3 30.1 -16.1 -9.5 -8.6 -11.2 -14.8 -1.6 11.6 -1.1 31.6 -1.1 63.3 -1.3 46.2 7.7 0.0 7.7 2.7 0.6 -10.6 -11.0 CCAdj Capital consumption adjustment IVA Inventory valuation adjustment 1. Revisions for 2012 are not shown because these data were not previously published. 27 capitalization o f R&D and o f entertainm ent originals and the adoption o f accrual-based m easures for de fined benefit pension plans. These upw ard revisions are partly offset by dow nw ard revisions due to statisti cal changes, which are generally less th an $5 billion. For 1987-2001, revisions are dow nw ard, reaching over $38 billion for 2000. U ntil 1992, the p rim ary cause o f the revisions is the adoption o f accrual-based m easures for defined benefit pension plans; these revi sions are supplem ented by the sm aller dow nw ard revi sions due to statistical changes and are only partly offset by the upw ard revisions due to the capitalization o f R&D and o f entertainm ent originals. For 1992 for ward, the dow nw ard revisions are also due to the im proved distribution o f the incom e o f regulated investm ent com panies. For 2002-2012, the upw ard revisions prim arily re flect the capitalization of R&D and o f entertainm ent originals as well as revisions due to certain statistical changes, including new and revised IRS tabulations o f corporate incom e tax returns and im proved m easures o f m isreported incom e based on data from the IRS. These upw ard revisions are only partly offset by dow n w ard revisions th at reflect the im proved distrib u tio n o f regulated investm ent com pany incom e and the som e tim es dow nw ard im pacts o f the accrual-based m ea sures for defined benefit pension plans. Personal income and outlays (account 3) Personal income. Revisions are $1 billion or larger b e ginning w ith 1940 and reach $10 billion by 1957. The revisions are upw ard for each year except 2008, which is revised dow n alm ost $30 billion. The largest upw ard revision is for 2012 (alm ost $313 billion) (table 17). Compensation of employees. This com ponent con sists o f wages and salaries and supplem ents to wages and salaries received by U.S. residents, including wages and salaries received from the rest o f the world. The sources o f revision to this aggregate are the same as those already discussed in the section “C om pensation o f employees, paid,” b u t they also include the im pacts o f introducing accrual-based m easures o f wages and salaries. The sources o f revision to supplem ents are the sam e as those already discussed. Wages and salaries are revised by less th an $1 billion in absolute value until 1992; for 1992-2004, revisions are o f m ixed sign (ranging from -$ 8 billion to ab out $6 billion). The revisions generally reflect offsetting ef fects from the adoption o f accrual-based m easures o f wages and salaries and from statistical changes. For 2005-2009, the revisions to wages and salaries p rim ar ily reflect statistical revisions, including the updated m easures o f m isreporting; the im pacts o f the adoption o f accrual-based m easures are o f m ixed sign and are 28 Improved NIPA Estimates fairly small. For 2010-2012, the revisions are due ex clusively to statistical changes; revisions for 2010 and 2011 are dow nw ard (reaching over $27 billion for 2010), and for 2012, the revision is upw ard (alm ost $21 billion). Personal income receipts on assets. This aggregate consists o f personal interest incom e and personal divi d end incom e. Personal interest incom e consists o f m o n etary and im puted interest received by persons from all sources, and it is calculated as net interest plus interest paid by persons and interest paid by govern m en t less interest received by governm ent. Revisions to personal interest incom e begin w ith 1929 b u t are less th an $5 billion u ntil 1958. Thereafter, September 2013 revisions are upw ard and generally increase for m ost years. The largest upw ard revision is $219 billion for 2012. For m ost years, the upw ard revisions are largely accounted for by the adoption o f accrual-based m ea sures for defined benefit pension plans; for 2002-2012, these revisions are partly offset by dow nw ard revisions resulting from the im proved m easures o f m ortgage in terest paid. The revisions also reflect the im pact o f the im proved m easurem ent o f financial services (begin ning w ith 1985), o f the im proved distribution o f the incom e o f regulated investm ent com panies (beginning w ith 1992), and o f other statistical changes (which grow to over $10 billion by 2000 and reach ab out $97 billion for 2011). Table 17. Personal Income and Its Disposition [Billions of dollars] 1959 Total revision..................................................... Definitional....................................................... Capitalization of research and development Capitalization of entertainment, literary, and artistic originals....................................... Expanded set of ownership transfer costs for residential fixed assets............................. Accrual accounting for defined benefit pension plans.......................................... Accrual accounting for wages and salaries... Statistical......................................................... Improved measurement of financial services Improved distribution of regulated investment companies investment income................. Improved measures of IRS section 179 expensing................................................ Improved mortgage interest paid estimates Other statistical............................................ 1997 2002 2007 2010 2011 2012 1997 2002 2007 2010 2011 2012 74.3 63.4 1.8 89.4 93.1 4.6 83.4 76.1 4.2 113.3 129.7 3.3 244.0 114.7 3.3 312.7 126.0 3.2 Less: Personal current taxes................................. Definitional........................................................... Statistical............................................................. 0.0 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 -0.1 -0.8 0.0 -0.8 -3.3 0.0 -3.3 6.0 0.0 6.0 17.6 0.0 17.6 0.0 -2.7 -2.2 -4.5 -4.5 -4.7 -4.8 -0.7 -23.5 -33.7 -73.8 -67.4 -60.8 -56.3 10.8 10.7 0.0 74.3 63.4 1.8 89.5 93.1 4.6 84.3 76.1 4.2 116.6 129.7 3.3 238.1 114.7 3.3 295.0 126.0 3.2 11.3 0.0 0.2 0.0 90.8 -2.9 10.9 -0.7 124.4 0.0 -3.7 -14.8 156.6 -6.3 7.3 -8.3 198.4 0.0 -16.4 -9.4 177.0 0.0 129.3 1.2 183.9 0.0 186.7 0.5 0.0 33.6 -1.1 71.0 53.2 35.7 -26.3 0.0 0.0 0.2 -11.7 0.0 -10.2 -13.1 0.0 25.2 -21.1 0.0 -34.4 -18.7 0.0 -41.4 -16.4 0.0 108.7 -17.0 0.0 229.6 Equals: Disposable personal income................... Definitional........................................................... Capitalization of research and development..... Capitalization of entertainment, literary, and artistic originals............................................ Expanded set of ownership transfer costs for residential fixed assets................................. Accrual accounting for defined benefit pension plans............................................................ Accrual accounting for wages and salaries...... Statistical............................................................. Improved measurement of financial services.... Improved distribution of regulated investment companies investment income..................... Improved measures of IRS section 179 expensing.................................................... Improved mortgage interest paid estimates..... Other statistical................................................ Source of revision by component Compensation of employees............................. Definitional....................................................... Accrual accounting for defined benefit pension plans.......................................... Accrual accounting for wages and salaries... Statistical......................................................... Proprietors’ income with IVA and CCAdj......... Definitional....................................................... Capitalization of research and development Capitalization of entertainment, literary, and artistic originals........................................ Expanded set of ownership transfer costs for residential fixed assets............................. Statistical......................................................... Improved measures of IRS section 179 expensing................................................ Other statistical............................................. 1959 10.9 10.7 0.0 0.0 -2.7 -2.2 -4.5 -4.5 -4.7 -4.8 -0.7 -23.5 -33.7 -73.8 -67.4 -60.8 -56.3 11.3 0.0 0.1 0.0 90.8 -2.9 10.9 -0.7 124.4 0.0 -3.6 -14.8 156.6 -6.3 8.2 -8.3 198.4 0.0 -13.1 -9.4 177.0 0.0 123.4 1.2 183.9 0.0 169.0 0.5 0.0 33.6 -1.1 71.0 53.2 35.7 -26.3 0.0 0.0 0.1 -11.7 0.0 -10.2 -13.1 0.0 25.3 -21.1 0.0 -33.5 -18.7 0.0 -38.1 -16.4 0.0 102.8 -17.0 0.0 211.9 Less: Personal outlays.......................................... Definitional........................................................... Capitalization of research and development..... Statistical............................................................. Improved measurement of financial services.... Other statistical................................................ -0.2 -0.1 -0.1 -0.1 0.0 -0.1 2.5 -4.5 -4.5 7.0 -0.7 7.8 -32.2 -5.7 -5.7 -26.5 -14.8 -11.8 15.7 -5.1 -5.1 20.8 -8.3 29.1 49.1 -7.9 -7.9 57.1 -9.4 66.6 59.2 -10.8 -10.8 70.2 1.2 69.0 98.1 -11.0 -11.0 109.1 0.5 108.6 Personal consumption expenditures................ Definitional....................................................... Capitalization of research and development Statistical......................................................... Improved measurement of financial services Other statistical............................................ -0.2 -0.1 -0.1 -0.1 0.0 -0.1 -9.9 -4.5 -4.5 -5.4 -7.3 1.9 -53.9 -5.7 -5.7 -48.2 -19.3 -28.9 -27.9 -5.1 -5.1 -22.8 -15.7 -7.1 -13.8 -7.9 -7.9 -5.9 -36.4 30.5 -17.2 -10.8 -10.8 -6.4 -30.0 23.6 30.0 -11.0 -11.0 41.0 -29.5 70.5 Personal interest payments............................... Definitional....................................................... Statistical......................................................... Improved measurement of financial services Other statistical............................................. 0.0 0.0 0.0 0.0 0.0 12.4 0.0 12.4 6.6 5.8 21.7 0.0 21.7 4.5 17.2 45.0 0.0 45.0 7.4 37.6 67.0 0.0 67.0 26.9 40.1 80.0 0.0 80.0 31.2 48.8 75.7 0.0 75.7 29.9 45.8 36.9 48.8 -2.7 3.5 -16.7 -13.4 18.7 -23.4 55.0 -6.3 -11.9 -19.3 -111.2 -4.6 -10.5 4.6 4.2 3.5 0.0 -6.2 -70.7 -8.7 3.3 -13.4 0.0 -3.3 -2.2 -8.8 3.3 -23.4 0.0 42.1 22.6 -10.2 3.2 -4.5 -4.5 -4.7 -4.8 -4.1 -35.2 -7.1 -10.1 -14.7 -100.7 -7.5 -62.0 -7.4 6.6 -8.6 32.9 -11.7 -23.5 -21.1 -79.7 -18.7 -43.2 45.7 -63.7 53.6 -59.9 -16.4 23.0 74.7 -53.4 -17.0 49.9 -24.5 -19.4 -13.1 -1.6 -1.4 -26.6 -0.6 0.2 0.0 0.2 -19.4 -5.1 -5.3 0.3 -26.6 25.2 13.4 11.8 -63.7 109.4 96.6 12.8 -59.9 113.5 92.0 21.6 -53.4 128.1 95.4 32.8 -47.7 126.3 83.3 43.0 Personal current transfer payments................. Definitional....................................................... Statistical......................................................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -1.4 0.0 -1.4 -4.0 0.0 -4.0 -3.4 0.0 -3.4 -7.6 0.0 -7.6 6.0 6.0 93.0 48.7 80.8 92.8 109.6 101.5 141.3 194.8 199.5 190.4 208.8 207.3 11.0 10.8 0.1 71.8 67.9 6.4 121.7 98.8 10.3 68.5 81.2 9.3 67.5 137.7 11.2 178.8 125.6 14.1 196.9 137.0 14.2 6.0 0.0 0.0 48.7 44.3 -0.7 92.8 -12.0 -14.8 101.5 8.1 -8.3 194.8 -53.5 -9.4 190.4 9.1 1.2 207.3 1.5 0.5 0.0 0.0 0.0 33.6 5.3 6.0 -1.1 -13.4 17.2 71.0 -96.6 41.9 53.2 -92.0 -5.3 35.7 -95.4 67.5 -26.3 -83.3 110.6 Personal current transfer receipts.................... Definitional....................................................... Statistical......................................................... 0.0 0.0 0.0 0.0 0.0 0.0 -1.8 0.0 -1.8 4.3 0.0 4.3 -7.4 0.0 -7.4 -12.3 0.0 -12.3 -16.8 0.0 -16.8 Less: Contributions for government social insurance, domestic...................................... Definitional....................................................... Statistical......................................................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.9 0.0 1.9 0.8 0.0 0.8 -1.1 0.0 -1.1 -0.8 0.0 -0.8 Equals: Personal saving....................................... Definitional........................................................... Capitalization of research and development..... Capitalization of entertainment, literary, and artistic originals............................................ Expanded set of ownership transfer costs for residential fixed assets................................. Accrual accounting for defined benefit pension plans............................................................ Accrual accounting for wages and salaries...... Statistical............................................................. Improved measurement of financial services.... Improved distribution of regulated investment companies investment income..................... Improved measures of IRS section 179 expensing.................................................... Improved mortgage interest paid estimates..... Other statistical................................................ Rental income of persons with CCAdj............. Definitional....................................................... Expanded set of ownership transfer costs for residential fixed assets............................. Statistical......................................................... Improved mortgage interest paid estimates Other statistical............................................ Personal income receipts on assets................ Definitional....................................................... Accrual accounting for defined benefit pension plans.......................................... Improved measurement of financial services Improved distribution of regulated investment companies investment income................. Improved mortgage interest paid estimates Other statistical............................................. CCAdj Capital consumption adjustment IVA Inventory valuation adjustment 5.3 5.3 46.1 39.1 31.1 31.5 5.3 0.0 0.0 0.0 0.0 0.0 42.1 -2.9 7.0 -40.3 -5.1 1.8 31.5 0.0 -0.4 0.0 -2.7 0.0 0.0 0.0 0.0 -0.4 -0.6 -2.2 78.6 -47.7 0.0 -2.7 -2.2 -4.5 -4.5 -4.7 -4.8 -0.7 -23.5 -33.7 -73.8 -67.4 -60.8 -56.3 11.3 0.0 0.2 0.0 90.8 -2.9 3.9 0.0 124.4 0.0 22.9 0.0 156.6 -6.3 -12.7 0.0 198.4 0.0 -70.2 0.0 177.0 0.0 53.2 0.0 183.9 0.0 59.9 0.0 71.0 53.2 35.7 -26.3 -21.1 -18.7 0.0 0.0 -62.7 -104.6 -16.4 0.0 33.9 -17.0 0.0 103.2 0.0 33.6 -1.1 0.0 0.0 0.2 -11.7 0.0 -18.0 -13.1 0.0 37.0 September 2013 Survey of C u r r e n t B u s in e s s The revisions to personal dividend incom e begin w ith 1991 an d are upw ard for m ost years except for notable dow nw ard revisions for 2010 and 2012. The largest upw ard revision is for 2007 (over $24 billion). The upw ard revisions prim arily reflect the im pact o f the im proved distribution o f the incom e o f regulated investm ent com panies. For 2010, personal dividend incom e is revised dow n by about $37 billion; the dow nw ard im pacts o f other statistical changes m ore th an offset the upw ard revision from the im proved dis trib u tio n o f the incom e o f regulated investm ent com panies. For 2012, personal dividend incom e is revised dow n by ab out $10 billion, reflecting the im pact o f sta tistical changes. Personal current transfer receipts. This aggregate consists o f governm ent social benefits to persons and business current transfer paym ents to persons (net). The revisions begin w ith a small dow nw ard revision for 2002; revisions are upw ard and less th an $5 billion for 2003-2009. For 2010-2012, revisions are dow n w ard an d larger (alm ost $17 billion for 2012). The re visions reflect the incorporation o f new and revised source data for governm ent social benefits and for business cu rren t transfer paym ents to persons. Contributions for government social insurance, domestic. This com ponent is deducted in the calcula tio n o f personal incom e and consists o f b o th personal and em ployer contributions. The revisions begin w ith 2003, are o f m ixed sign, are less th an $2 billion in abso lute value th ro u g h o u t the period, and reflect new and revised source data. Personal current taxes. The revisions to personal cu rren t taxes begin w ith 2002, are o f m ixed sign, and are less th an $5 billion except for 2011 and 2012 ($6 billion and over $17 billion, respectively). The revi sions reflect new and revised source data, particularly new an d revised Census Bureau governm ent finances data. Disposable personal income (DPI). The pattern of revisions to DPI (which is equal to personal incom e less personal current taxes) prim arily reflects the revi sions to personal incom e. T hrough 1949, the revisions do n o t exceed $5 billion; thereafter, the revisions are generally increasing w ith only one dow nw ard revision for 2008 (about $29 billion). The largest upw ard revi sion is for 2012 ($295 billion). Personal outlays. This com ponent consists o f PCE, personal interest paym ents, and personal current transfer paym ents. The revisions to personal outlays are generally dow nw ard and are less th an $5 billion th ro u g h 1984; thereafter, the revisions are o f m ixed sign, range from about -$ 3 2 billion for 2002 to about $98 billion for 2012, and prim arily reflect revisions to 29 PCE and to personal interest paym ents. PCE is revised dow n for m ost years, b u t a notable exception is an u p w ard revision for 2012 o f $30 billion. For 1985-2012, personal interest paym ents are re vised up by steadily increasing am ounts, prim arily re flecting the im proved m easurem ent o f financial services and im proved m easures o f interest paym ents on consum er loans based on data on interest rates and consum er credit outstanding from the Federal Reserve Board. Personal saving. This com ponent is the difference betw een DPI and personal outlays. The revisions do n o t exceed $5 billion until 1950; thereafter, personal saving is revised up for all years by generally increasing am ounts except for 2008, w hich is revised dow n $41 billion; the largest upw ard revision is for 2012 (about $197 billion). The revisions to personal saving result in corre sponding revisions to the personal saving rate— p er sonal saving as a percentage o f DPI. The revisions to the saving rate reach 1.0 percentage p o in t by 1938 and peak at 3.3 percentage points for 1971. Government current receipts and expenditures (account 4) G overnm ent current receipts is the sum o f current tax receipts, contributions for governm ent social in su r ance, incom e receipts on assets, current transfer re ceipts, and current surplus o f governm ent enterprises. C urrent expenditures is the sum o f consum ption ex penditures, current transfer paym ents, interest pay m ents, and subsidies. N et governm ent saving is the difference betw een current receipts and current expen ditures. Federal government. Revisions to curren t receipts begin w ith 1959, are dow nw ard, and are less th an $2 billion through 1979. For 1980-2009, the revisions are upw ard and range from less th an $1.0 billion to about $8 billion. For 2010-2012, the revisions are dow nw ard and range from about $3 billion to about $20 billion (table 18). The upw ard revisions th rough 2009 m ostly reflect the im pact on the curren t surplus o f governm ent enterprises o f incorporating accrualbased m easures for defined benefit pension plans. For 2010-2012, dow nw ard revisions to taxes on corporate incom e reflect new and revised IRS data, as well as new federal tax collections data, and the dow nw ard revi sions to current transfer receipts reflect, in part, the re classification o f cross-border fines and penalties as negative current transfer paym ents to the rest o f the w orld (net); these dow nw ard revisions are partly offset by upw ard revisions to the current surplus o f govern m ent enterprises th at prim arily reflect the im pact o f 30 Improved NIPA Estimates Table 18. Revisions to Government Current Receipts and Expenditures [Billions of dollars] 1959 1997 2002 2007 2010 2011 2012 Federal Current receipts............................................. Definitional................................................... Accrual accounting for defined benefit pension plans...................................... Statistical..................................................... Improved measurement of financial services............................................... Other statistical........................................ -0.4 -0.4 5.4 6.2 6.5 6.2 6.1 4.5 -3.7 3.8 -2.9 3.1 -20.4 3.5 -0.4 0.0 6.2 -0.8 6.2 0.3 4.5 1.6 3.8 -7.5 3.1 -6.0 3.5 -23.9 0.0 0.0 0.0 -0.8 -0.1 0.4 0.0 1.6 0.0 -7.4 0.0 -6.0 0.0 -23.8 Current expenditures.................................... Definitional................................................... Capitalization of research and development........................................ Accrual accounting for defined benefit pension plans...................................... Accrual accounting for wages and salaries Statistical..................................................... Improved measurement of financial services............................................... Other statistical........................................ 6.8 6.6 36.5 37.6 24.6 28.0 27.5 21.4 17.9 21.8 7.9 21.4 15.0 28.4 -2.5 0.9 -13.2 -20.4 -15.0 -11.3 -5.1 9.1 0.0 0.2 36.7 0.0 -1.1 41.1 0.0 -3.4 41.8 0.0 6.1 36.8 0.0 -3.9 32.7 0.0 -13.5 33.5 0.0 -13.4 0.0 0.2 0.0 -1.1 -0.1 -3.3 0.0 6.1 0.0 -3.9 0.0 -13.5 0.0 -13.4 -7.2 -7.0 -31.1 -31.4 -18.1 -21.8 -21.5 -16.8 -21.5 -18.1 -10.9 -18.3 -35.4 -25.0 Net federal government saving..................... Definitional................................................... Capitalization of research and development........................................ Accrual accounting for defined benefit pension plans....................................... Accrual accounting for wages and salaries Statistical..................................................... Improved measurement of financial services............................................... Other statistical......................................... 2.5 -0.9 13.2 20.4 15.0 11.3 5.1 -9.5 0.0 -0.2 -30.5 0.0 0.3 -34.9 0.0 3.7 -37.2 0.0 -4.7 -33.1 0.0 -3.4 -29.6 0.0 7.4 -30.0 0.0 -10.4 0.0 -0.2 0.0 0.3 0.0 3.7 0.0 -4.7 0.0 -3.4 0.0 7.4 0.0 -10.4 Current receipts............................................. Definitional................................................... Accrual accounting for defined benefit pension plans....................................... Statistical...................................................... Improved measurement of financial services................................................ Other statistical......................................... -0.2 -0.1 -13.7 -2.8 -24.3 -5.5 -22.5 -6.6 -43.9 -7.6 -34.5 -7.0 -30.1 -6.7 -0.1 -0.1 -2.8 -10.9 -5.5 -18.8 -6.6 -15.9 -7.6 -36.3 -7.0 -27.5 -6.7 -23.4 0.0 -0.1 -0.1 -10.8 -1.0 -17.8 -0.6 -15.3 -2.8 -33.5 -2.8 -24.8 -2.7 -20.7 Current expenditures..................................... Definitional................................................... Capitalization of research and development......................................... Accrual accounting for defined benefit pension plans....................................... Accrual accounting for wages and salaries Statistical..................................................... Improved measurement of financial services................................................ Other statistical......................................... 1.3 1.7 20.9 33.7 42.6 64.0 62.5 89.6 103.7 161.6 76.7 150.5 93.6 161.5 0.0 -1.3 -2.4 -3.5 -4.1 -3.6 -2.7 1.7 0.0 -0.4 35.0 0.0 -12.8 66.4 0.0 -21.4 93.1 0.0 -27.1 165.7 0.0 -57.9 154.1 0.0 -73.8 164.3 0.0 -67.9 0.0 -0.4 -0.1 -12.7 -1.0 -20.4 -0.6 -26.5 -2.8 -55.1 -2.8 -71.0 -2.7 -65.3 -1.6 -1.8 -34.6 -36.5 -66.8 -69.5 -84.9 -147.6 -96.1 -169.2 -111.1 -157.4 -123.7 -168.3 3.6 2.7 State and local Net state and local government saving........ Definitional................................................... Capitalization of research and development........................................ Accrual accounting for defined benefit pension plans....................................... Accrual accounting for wages and salaries Statistical..................................................... Improved measurement of financial services................................................ Other statistical......................................... 0.0 1.3 2.4 -1.8 0.0 0.2 -37.8 0.0 1.9 -71.9 0.0 2.7 0.0 0.2 0.0 1.9 0.0 2.7 3.5 4.1 -99.7 -173.3 -161.1 -171.0 0.0 0.0 0.0 0.0 11.2 21.6 46.3 44.6 0.0 11.2 0.0 21.6 0.0 46.3 0.0 44.6 the adoption o f accrual-based m easures for defined benefit pension plans.13 Federal governm ent current expenditures is revised up for all years, and the revisions generally increase u n til 1996, w hen they begin to increase m ore slowly; revisions range from less th an $1 billion before 1941 to alm ost $40 billion for 1995. The upw ard revisions gen erally result from the im pact o f the adoption o f ac crual-based m easures for defined benefit pension plans on interest paid by the federal governm ent; these up- September 2013 w ard revisions are offset to varying degrees over tim e by dow nw ard revisions to federal consum ption expen ditures th at reflect the im pact o f reclassifying R&D expenditures from consum ption to investm ent (partic ularly in the m id-1980s and the first half o f the 2000s). Federal governm ent net saving is revised dow n for all years, as the upw ard revisions to current expendi tures either outw eigh upw ard revisions to, or supple m ent dow nw ard revisions to, current receipts. The dow nw ard revisions to federal governm ent saving range from less th an $1 billion for 1929 to over $35 bil lion for 2012. State and local government. State and local current receipts is revised dow n for all years by generally in creasing am ounts, ranging from less th an $1 billion for 1929 to nearly $44 billion for 2010. P rior to 2002, the dow nw ard revisions prim arily reflect the in co rp o ra tion o f accrual-based m easures for defined benefit pension plans (which generally increases com pensa tion costs for governm ent enterprises and lowers their surplus) and the recognition o f R&D as investm ent (which reduces grants-in-aid from the federal govern m ent (see the box “G overnm ent Research and Devel o p m en t”)). For 2002-2012, the revisions also reflect the incorporation o f new and revised data from the Census Bureau. State and local governm ent current expenditures is revised up for 1929-1981, dow n for 1982-1988, and up for 1989-2012. For 1929-1981 and 1989-2012, the upw ard revisions reflect the im pact on com pensation and on interest paym ents o f incorporating accrualbased m easures for defined benefit pension plans; these revisions are partly offset by dow nw ard revisions from other sources, including large dow nw ard revi sions for 2010-2012 th at result from the incorporation o f new and revised data from the Census Bureau (table 18). For 1982-1988, the dow nw ard revisions reflect the im pact on com pensation o f incorporating accrualbased m easures for defined benefit pension plans.14 State and local governm ent n et saving is revised dow n for all years except for 1987, w hen the revision is slightly upw ard (less th an $1 billion). The largest dow nw ard revision is about $159 billion for 2009. Foreign transactions (accounts 5 and 7) Current receipts from the rest of the world. This ag gregate consists o f exports o f goods and services and incom e receipts from the rest o f the world. (The revi sions to exports o f goods and services were discussed previously.) The revisions to incom e receipts begin 13. As part o f the efforts to modernize the ITAs, BEA is now using data for specific fines to identify those that are paid by foreign companies and classi fying them as part o f transfer payments to the rest of the world (net). Previ ously, these fines and penalties were not captured in the ITAs. The source 14. The pattern o f revisions to state and local compensation is driven pri data underlying the previous NIPA estimates o f fines received by the federal government included these data, but they were not distinguished from fines marily by the funding status o f state and local pension plans. See “Preview: Changes in Definitions and Presentations.” paid by domestic businesses. September 2013 S urvey of 31 C u r r e n t B u s in e s s w ith 1985 and are upw ard and less than $5 billion th ro u g h 2010. The largest revisions are about $19 bil lion for 2011 and about $36 billion for 2012 (table 19). For 1985-1998, the revisions are due solely to the im proved m easurem ent o f financial services. For 1999-2010, the revisions are prim arily caused by the in co rp o ratio n o f revised estimates from the ITAs and the im proved m easurem ent o f financial services in fairly sim ilar m agnitudes; the larger revisions for 2011 an d 2012 are due prim arily to the incorporation o f the revised ITA data. (See the box “D iscontinuities in the Estimates o f Foreign Transactions in the N ational In com e an d P roduct A ccounts”) Current payments to the rest of the world (net). This aggregate consists o f im ports o f goods and ser vices, incom e paym ents to the rest o f the world, and cu rren t taxes and transfer paym ents to the rest o f the w orld (net). (The revisions to im ports o f goods and services were discussed previously.) The revisions to incom e paym ents begin w ith 1985; they are o f mixed sign and are less than $2 billion in absolute value until 1999. For 1999-2007, the revisions are upw ard and range from about $1 billion to about $7 billion. For 2008 and 2009, the revisions are dow nw ard and are less than $4 billion. For 2010-2012, revisions are upw ard and larger; the largest revision is about $26 billion for 2012 (table 19). For 1985-1998, the revisions are due solely to the im proved m easurem ent o f financial services. For 1999-2010, the revisions are caused prim arily by the incorporation o f revised estim ates from the ITAs and by the im proved m easurem ent o f financial services; the larger revisions for 2011 and 2012 are due prim arily to the incorporation o f revised ITA data. The revisions to current taxes and transfer pay m ents to the rest o f the w orld (net) begin w ith 2004. They are generally dow nw ard and exceed $1 billion in absolute value for only 2 years— 2010 (over $4 billion) and 2012 (over $12 billion). These revisions are due to the incorporation o f revised estim ates from the ITAs. Discontinuities in the Estim ates of Foreign Transactions in the National Incom e and Product Accounts The revision schedule and release for successive vintages of gross domestic product (GDP) and related estimates is primarily determined by the availability of revised or newly available source data. This is also true for the other accounts prepared by the Bureau of Economic Analysis, including the international transactions accounts (ITAs), which are the major source data underlying the NIPA estimates of foreign transactions. Like the NIPAs, the ITAs are revised annually; the revi sions are typically released in lune. Annual updates to the NIPAs are typically released in luly, resulting in produc tion constraints that sometimes prevent incorporating the entire period of ITA revisions. As a result, a disconti nuity in the NIPA estimates exists between the years for which the revised ITA estimates have been incorporated and the years for which they have not been incorporated.1 This year’s comprehensive revision of the NIPAs released on luly 31, 2013, incorporated revised estimates of foreign transactions for 2010-2012 from the annual revision of the ITAs released in lune.2 However, revisions to the data from the ITAs for the years prior to 2010 were not incorporated. For most components of foreign trans actions, the revisions to the ITAs for 2010-2012 were incorporated at their “best level.” As a result, there are discontinuities between the NIPA estimates for 2009 and those for 2010 (see the table). For current-dollar net 1. The differences between the ITAs and the NIPAs are shown in the lines for “statistical differences” in NIPA table 4.3B “Relation o f Foreign Transactions in the NIPAs to the Corresponding Items in the ITAs.” 2. See Barbara H. Berman and Jeffrey R. Bogen, “Annual Revision of the U.S. International Transaction Accounts,” S u r v e y o f C u r r e n t B u s i n e s s 93 (July 2013): 43-54. exports of goods and services (and for current-dollar GDP), the decline from 2009 to 2010 is overstated by $4.5 billion. The revisions to the ITAs for years prior to 2010 will be incorporated in a future update to the NIPAs. Discontinuities in NIPA Foreign Transactions, 2009-2010 [Billions of dollars] 2009 Published Net exports of goods and services.................................. Exports.................................... Goods................................... Services............................... Imports.................................... Goods................................... Services............................... Net receipts of income............... Income receipts........................ Wage and salary receipts..... Income receipts on assets.... Interest............................. Dividends......................... Reinvested earnings of U.S. direct investment abroad.......................... Income payments..................... Wage and salary payments Income payments on assets Interest............................. Dividends......................... Reinvested earnings of foreign direct investment in the United States........................... -392.2 1,583.8 1,064.7 519.1 1,976.0 1,587.3 388.7 2010 Disconti Adjusted nuity’ -396.7 -518.5 1,583.0 1,843.5 1,064.4 1,278.4 518.6 565.1 1,979.7 2,362.0 1,591.8 1,951.2 387.9 410.8 5.5 638.2 144.5 230.9 0.6 -6.3 145.1 224.6 206.0 720.0 5.9 714.1 129.5 248.0 262.8 342.3 119.0 10.7 1.3 1.1 0.2 0.2 0.0 273.5 497.8 14.4 483.4 342.5 119.0 514.1 14.0 500.1 310.7 126.6 643.7 496.5 13.3 483.2 151.1 648.9 5.8 643.1 Adjusted Published -4.5 -0.8 -0.3 -0.5 3.7 4.5 -0.8 3.9 5.2 0.3 4.9 147.2 Change from 2009 to 2010 336.6 -126.3 259.7 213.7 46.0 386.0 363.9 22.1 -121.8 260.5 214.0 46.5 382.3 359.4 22.9 58.8 54.9 71.1 0.1 71.0 -15.6 23.4 76.3 0.4 75.9 -15.0 17.1 73.8 17.6 0.7 7.6 63.2 16.3 -0.4 16.7 -31.8 7.6 40.9 40.9 16.9 -31.6 21.9 0.0 21.9 62.8 Current taxes and transfer payments to the rest of the world (net)............................... 136.1 -0.9 135.2 142.0 5.9 6.8 Addenda: Gross domestic product............... Gross national product................. 14.417.9 14,565.1 -4.5 14,413.4 14,958.3 -0.6 14,564.5 15,164.2 540.4 599.1 544.9 599.7 NIF%s National income and product accounts 1. Equals revisions to the U.S. international transactions accounts that have not been carried back in the NIFAs at this time. 32 Improved NIPA Estimates Table 19. Revisions to Foreign Transactions [Billions of dollars] 1959 1997 2002 2007 2010 2011 2012 Current receipts from the rest of the world Definitional............................................................... Statistical................................................................. Improved measurement of financial services....... Other statistical................................................... 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 -0.1 -0.1 0.0 4.0 0.0 4.0 -1.2 5.2 8.6 0.0 8.6 -0.7 9.3 2.6 0.0 2.6 -0.9 3.5 26.1 0.0 26.1 -0.4 26.5 48.2 0.0 48.2 -1.0 49.2 Exports of goods and services............................. Definitional.......................................................... Statistical............................................................. Improved measurement of financial services.... Other statistical............................................... 0.0 0.0 0.0 0.0 0.0 -0.6 0.0 -0.6 -0.7 0.1 1.7 0.0 1.7 -1.7 3.4 4.0 0.0 4.0 -1.5 5.5 -0.9 0.0 -0.9 -2.9 2.0 7.0 0.0 7.0 -3.2 10.2 11.9 0.0 11.9 -3.6 15.5 Income receipts..................................................... Definitional.......................................................... Statistical............................................................. Improved measurement of financial services.... Other statistical............................................... 0.0 0.0 0.0 0.0 0.0 0.6 0.0 0.6 0.6 0.0 2.3 0.0 2.3 0.6 1.7 4.5 0.0 4.5 0.8 3.7 3.5 0.0 3.5 2.0 1.5 19.1 0.0 19.1 2.8 16.3 36.3 0.0 36.3 2.5 33.8 Current payments to the rest of the world.... Definitional............................................................... Statistical................................................................. Improved measurement of financial services....... Other statistical................................................... 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 -0.1 -0.1 0.0 2.3 0.0 2.3 -1.2 3.5 1.6 0.0 1.6 -0.7 2.3 8.3 0.0 8.3 -0.9 9.2 17.2 0.0 17.2 -0.4 17.6 13.1 0.0 13.1 -1.0 14.1 Source of revision by component Source of revision by component Imports of goods and services............................ Definitional.......................................................... Statistical............................................................. 0.0 0.0 0.0 0.0 0.0 0.0 -0.5 0.0 -0.5 0.7 0.0 0.7 5.9 0.0 5.9 7.6 0.0 7.6 -0.9 0.0 -0.9 Income payments.................................................. Definitional.......................................................... Statistical............................................................. Improved measurement of financial services.... Other statistical............................................... 0.0 0.0 0.0 0.0 0.0 -0.1 0.0 -0.1 -0.1 0.0 2.8 0.0 2.8 -1.2 4.0 1.4 0.0 1.4 -0.7 2.1 6.9 0.0 6.9 -0.9 7.8 10.3 0.0 10.3 -0.4 10.7 26.4 0.0 26.4 -1.0 27.4 Current taxes and transfer payments (net).......... Definitional.......................................................... Statistical............................................................. 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -0.5 0.0 -0.5 -4.5 0.0 -4.5 -0.6 -12.5 0.0 0.0 -0.6 -12.5 Balance on current account, NIPAs.............. Definitional............................................................... Statistical................................................................. Improved measurement of financial services....... Other statistical................................................... 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.7 0.0 1.7 0.0 1.7 6.9 0.0 7.0 0.0 7.0 -5.7 0.0 -5.7 0.0 -5.7 8.8 0.0 8.9 0.0 8.9 35.1 0.0 35.1 0.0 35.1 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 0.0 0.0 0.0 0.0 1.7 0.0 1.7 1.7 0.0 1.7 0.0 0.0 0.0 6.9 0.0 6.9 6.9 0.0 7.0 0.0 0.0 0.0 -5.7 0.0 -5.7 -5.7 0.0 -5.7 0.0 0.0 0.0 8.8 0.0 8.8 8.8 0.0 8.9 0.0 0.0 0.0 34.9 0.0 34.9 35.1 0.0 35.1 0.1 0.0 0.1 Addenda: Net lending or net borrowing (-), NIPAs............... Definitional.......................................................... Statistical.................................. Balance on current account, NIPAs...................... Definitional........................... Statistical......................................................... Less: Capital account transactions (net).............. Definitional........................... Statistical......................................................... NIPAs National income and product accounts Domestic capital (account 6) Gross saving consists o f net saving and CFC. N et sav ing consists o f net private saving and net governm ent saving. The revisions to gross saving are upw ard and generally grow larger throu g h o u t the period o f revi sion; they exceed $15 billion by 1960 and peak at over $650 billion for 2012 (table 20). For the entire period, upw ard revisions to CFC (about $531 billion for 2012) dom inate the revisions to gross saving. Revisions to net saving are o f mixed sign; the largest downward revision is about $136 billion for 2008, and the largest upw ard revision is about $121 billion for 2012. W ithin net saving, upw ard revisions to net private saving partly offset dow nw ard revisions to net govern m ent saving for m ost years and prim arily reflect the adoption o f accrual accounting for defined benefit pension plans. The upw ard revisions to CFC for the entire period prim arily reflect the capitalization o f R&D and o f en tertain m ent originals and the expanded set o f ow ner September 2013 ship transfer costs; o f these, R&D has the largest effect. “Net lending or net borrow ing, NIPAs” (or “net lending”) is the difference betw een the sum o f gross saving and the statistical discrepancy and the sum of gross dom estic investm ent and capital account tran s actions (net). The revisions to net lending begin w ith 2000 and are upw ard for all years except for 2010. The revisions are less than $10 billion in absolute value except for 2012, which is revised up by about $35 billion. Annual Estimates of Real GDP and Real DPI Real GDP Revisions to the year-to-year grow th rates o f real GDP are generally small; for 59 o f the 83 years since 1929, the revisions range from -0.1 percentage po int to 0.1 percentage point, and for only 6 years, the revisions are greater than 0.3 percentage p o in t in absolute value (ta ble 21). The revisions to real GDP result from the following: • Revisions to the current-dollar com ponents o f GDP, such as those discussed above, for which chaineddollar estimates are prepared by deflation. • Revisions to the prices used to estim ate com ponents o f real GDP by deflation. • Revisions to the quantities used to estimate the com ponents o f real GDP by extrapolation or direct valuation. In contrast, changing the reference year (to 2009 from 2005) does n o t affect the percent changes in real GDP. (It also does n o t affect the percent changes in the price indexes.) For 40 years, the rates o f grow th o f real GDP are re vised up (table 22). For 17 o f these years, the revisions are greater than 0.1 percentage point; upw ard revisions to the percent change in current-dollar GDP play a role in 14 o f these revisions; dow nw ard revisions to the percent change in prices play a role in 10 o f these revi sions. The largest upw ard revision, 0.6 percentage point, occurs for 3 years: 1941, 1943, and 2012. For 16 years, the rates o f grow th o f real GDP are re vised down. Seven o f the revisions are larger than 0.1 percentage point; dow nw ard revisions to the percent change in current-dollar GDP play a role in three of these revisions, and upw ard revisions to prices play a role in five o f these revisions. O nly one o f the revisions is larger than 0.3 percentage point; the grow th rate for 1946 is revised dow n 0.7 percentage point, prim arily because o f a relatively large upw ard revision to prices (1.1 percentage points) that is partly offset by a smaller upw ard revision to the rate o f grow th o f current-dollar GDP. September 2013 Survey of 33 C u r r e n t B u s in e s s For 27 years, the rates o f grow th of real GDP are u n revised. For 1929-2012, the average annual grow th rate of real GDP is revised up 0.1 percentage p o in t (from Table 20. Revisions to Saving and Investment [Billions of dollars] 1959 Gross saving................................. Definitional.............................................. Capitalization of research and development.................................... Capitalization of entertainment, literary, and artistic originals........................ Expanded set of ownership transfer costs for residential fixed assets...... Accrual accounting for defined benefit pension plans.................................. Accrual accounting for wages and salaries............................................ Statistical................................................. Improved measurement of financial services........................................... Improved distribution of regulated investment companies investment income............................................ Improved measures of IRS section 179 expensing........................................ Improved mortgage interest paid estimates......................................... Other statistical................................... 1997 2002 2007 2010 2011 2012 14.0 14.1 257.9 284.5 427.8 369.3 459.0 487.3 484.3 498.6 623.9 516.9 651.8 532.2 11.4 212.1 265.7 359.9 389.5 406.3 415.5 2.2 46.1 57.6 70.4 72.2 73.8 74.3 0.5 26.4 46.1 57.0 36.8 36.9 42.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -26.6 58.5 -14.3 0.0 107.0 0.0 0.1 0.0 -28.3 119.6 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 -11.7 -13.1 - 2 1 .1 -18.7 -16.4 -17.0 0.0 0.0 0.0 0.1 -14.9 71.5 0.0 4.5 0.0 123.3 0.0 136.6 - - 0.0 -7.3 Source of revision by component Net saving.............................................. 4.0 -18.3 70.8 -37.8 -23.8 108.1 120.7 Net private saving............................. 12.8 47.4 155.7 68.6 145.4 230.1 279.8 Elimination of the adjustment converting wages to an accrual basis........................................... Undistributed corporate profits with IVA and CCAdj.................... Definitional.................................. Capitalization of research and development........................ Capitalization of entertainment, literary, and artistic originals. Expanded set of ownership transfer costs for residential fixed assets......................... Accrual accounting for defined benefit pension plans........... Statistical..................................... Improved distribution of regulated investment companies investment income................................ Other statistical........................ Personal saving............................. Definitional.................................. Capitalization of research and development......................... Capitalization of entertainment, literary, and artistic originals. Expanded set of ownership transfer costs for residential fixed assets.......................... Accrual accounting for defined benefit pension plans........... Accrual accounting for wages and salaries........................ Statistical..................................... Improved measurement of financial services................. 0.0 2.9 0.0 1.7 1.7 -27.3 13.7 34.1 10.2 1.2 21.7 14.0 0.5 0.0 15.0 - 6.3 0.0 0.0 0.0 - 6.1 32.0 77.8 51.2 51.2 59.5 82.9 62.7 35.3 27.1 29.2 30.3 14.9 17.9 0.6 - 1.6 17.1 17.6 16.5 1.1 -1.1 -1.3 8.0 17.2 20.2 - 0.0 0.0 -22.5 -41.0 -17.5 23.9 -19.6 -38.1 26.6 13.7 -8.3 0.0 0.0 11.0 -33.6 -7.3 1.1 22.8 -71.0 32.9 -53.2 79.8 -35.7 27.5 26.3 -6.1 10.8 71.8 67.9 121.7 98.8 68.5 81.2 67.5 137.7 178.8 125.6 196.9 137.0 0.1 6.4 10.3 9.3 11.2 14.1 14.2 0.0 -2.7 2.2 -4.5 -4.5 -4.7 -4.8 -0.7 -23.5 -33.7 -73.8 -67.4 -60.8 -56.3 11.3 90.8 124.4 156.6 198.4 177.0 183.9 0.0 0.2 -2.9 3.9 0.0 22.9 -6.3 -12.7 0.0 -70.2 0.0 53.2 0.0 59.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 1959 Improved distribution of regulated investment companies investment income................................. Improved measures of IRS section 179 expensing.......... Improved mortgage interest paid estimates...................... Other statistical......................... Net government saving...................... Definitional....................................... Capitalization of research and development............................. Accrual accounting for defined benefit pension plans................ Accrual accounting for wages and salaries.................................... Statistical......................................... Improved measurement of financial services...................... Other statistical............................. 1997 2002 0.0 33.6 - 1.1 0.0 -11.7 -13.1 0.0 0.2 0.0 -18.0 0.0 37.0 -8.7 -8.7 -65.7 -67.9 2.6 0.4 -11.3 2007 2010 2011 2012 71.0 53.2 35.7 -26.3 21.1 -18.7 -16.4 -17.0 0.0 0.0 -62.7 -104.6 0.0 33.9 0.0 103.2 - -85.0 -106.4 -169.1 -121.9 -159.1 -91.3 -113.0 -187.3 -175.8 -193.2 15.6 23.9 19.1 14.9 -68.3 -106.8 -136.9 -206.4 -190.7 7.8 - 201.0 0.0 0.0 0.0 2.2 0.0 6.3 0.0 6.6 0.0 18.2 0.0 53.9 0.0 34.1 0.0 0.0 0.0 2.2 0.0 6.3 0.0 6.6 0.0 18.2 0.0 53.9 0.0 34.1 10.0 10.4 276.2 267.9 357.1 351.6 496.9 480.8 508.2 497.1 515.8 507.7 531.2 525.7 7.5 363.2 Consumption of fixed capita l................ Definitional........................................... Capitalization of research and development................................ Capitalization of entertainment, literary, and artistic originals......... Expanded set of ownership transfer costs for residential fixed assets.... Statistical............................................. 183.6 225.8 291.4 332.2 348.1 1.7 33.8 44.9 57.0 59.6 60.8 1.2 -0.4 50.5 8.3 80.9 5.5 132.4 16.1 105.3 11.1 Gross domestic investment, capital account transactions, and net lending, NIPAs............... 13.6 284.1 379.7 491.2 504.1 538.3 594.7 13.7 7.2 7.1 284.1 206.9 206.9 378.2 278.0 269.4 484.3 348.5 350.8 509.7 363.5 349.2 529.6 377.2 365.9 559.6 412.9 385.7 4.4 134.4 165.7 223.3 240.2 255.2 269.1 2.2 46.1 57.6 70.4 72.2 73.8 74.3 0.5 0.1 46.1 8.6 100.1 100.0 57.0 -2.3 135.7 136.6 36.8 14.3 146.3 149.3 36.9 11.3 152.4 151.0 42.3 27.2 146.7 146.5 62.6 99.9 5.5 Gross domestic investment................... Private.................................................. Definitional....................................... Capitalization of research and development............................. Capitalization of entertainment, literary, and artistic originals..... Expanded set of ownership transfer costs for residential fixed assets............................... Statistical......................................... Government......................................... Definitional....................................... Capitalization of research and development............................. Statistical......................................... 7.0 26.4 0.0 77.1 77.7 7.0 -0.4 77.7 -0.6 100.0 0.1 136.6 -0.9 149.3 -3.0 151.0 1.4 146.5 0.2 Capital account transactions, n e t......... Definitional........................................... Statistical............................................. 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 0.0 0.1 Net lending or net borrowing (-), NIPAs Definitional........................................... Statistical............................................. Improved measurement of financial services....................................... Other statistical................................ 0.0 0.0 0.0 0.0 0.0 0.0 1.7 0.0 1.7 6.9 0.0 6.9 -5.7 0.0 -5.7 8.8 0.0 34.9 0.0 34.9 0.0 0.0 0.0 0.0 0.0 1.7 0.0 6.9 0.0 -5.7 0.0 0.0 34.9 Statistical discrepancy.................. -0.4 26.3 -48.0 32.2 19.8 -85.6 -57.2 6.6 0.0 0.0 CCAdj Capital consumption adjustment IVA Inventory valuation adjustment NIPAs National income and product accounts Table 21. Distribution of Revisions to Percent Change in Real Gross Domestic Product Size of revision (percentage point) Number of revisions -0.7 1 -0.3 -0.2 -0.1 0.0 0.1 0.2 0.3 0.4 0.6 2 4 9 27 23 5 7 2 3 Table 22. Summary of Revisions to Year-to-Year Growth Rates of Real Gross Domestic Product for Selected Periods 1929-2012 1929-1959 In percentage points: Average revision......................................... Average absolute revision........................... Largest negative revision............................. Largest positive revision............................. 1959-2002 2002-2012 0.1 0.1 -0.7 0.6 0.0 0.2 -0.7 0.6 0.0 0.1 -0.2 0.3 0.2 0.2 -0.1 0.6 Number of: Upward revisions........................................ Downward revisions.................................... Zero revisions............................................. 40 16 27 14 9 7 20 6 17 6 1 3 34 Improved NIPA Estimates 3.2 percent to 3.3 percent) (table 23). The period 1929-2012 can be usefully divided into three subpe riods: 1929-1959, 1959-2002, and 2002-2012. For 1929-1959, the average grow th rate o f real GDP is re vised up 0.1 percentage p o in t (from 3.5 percent to 3.6 percent); for 1959-2002, the average grow th rate in the revised estim ates is the same as in the previously p u b lished estimates. For 2002-2012, the average rate of September 2013 grow th o f real GDP is revised u p 0.2 percentage p o in t (from 1.6 percent to 1.8 percent). For all three subperiods, the contributions o f gross private dom estic investm ent and o f governm ent con sum ption expenditures and gross investm ent are re vised up (table 24). Additionally, the contribution of net exports is unrevised or revised up very slightly (for 1929-1959, b o th exports and im ports are unrevised, Table 23. Gross Domestic Product and Its Major Components: Revisions to Average Annual Rates of Change Over Selected Periods Current dollars Previously published Revised Chained dollars S 3 Revision Current dollars Revision Revision 1929-2012 Gross domestic product.............. 0.1 Personal consumption expenditures.. Goods................................................ Durable goods................................ Nondurable goods......................... Services............................................ 0.0 0.0 0.0 Gross private domestic investment.... Fixed investment............................... Nonresidential............................... Structures.................................. Equipment................................. Intellectual property products..... Residential.................................... Change in private inventories............. 0.2 1929-1959 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.3 0.0 0.2 0.1 1.9 0.2 5.6 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 - 0.1 0.2 0.0 0.0 0.0 6.7 4.6 3.9 4.6 3.9 8.2 8.2 4.7 4.2 6.4 4.7 4.2 6.4 8.8 13.0 14.7 9.6 6.1 8.5 12.9 14.6 9.3 6.1 5.5 5.0 5.5 4.9 Current dollars Chained dollars Current dollars Previously published Previously published Previously published Revised Revision Revised Revision Revised 0.0 Personal consumption expenditures. Goods................................................ Durable goods............................... Nondurable goods......................... Services............................................ 7.6 6.5 7.4 6.1 8.5 0.0 0.0 Gross private domestic investment. .. Fixed investment............................... Nonresidential............................... Structures.................................. Equipment................................. Intellectual property products.... Residential.................................... Change in private inventories............ 7.5 7.6 7.8 0.1 6.6 0.0 Addenda: Gross domestic income............................... Disposable personal income....................... 7.6 10.1 7.2 - 0.0 0.1 0.0 0.0 0.0 0.1 0.0 0.0 -0.1 0.0 0.1 0.0 0.0 0.2 0.2 0.2 7.0 0.0 Revision 2.4 0.2 0.0 0.1 0.0 -0.1 0.1 0.1 0.2 0.3 0.2 -0.6 0.0 4.6 4.6 0.0 0.0 0.0 0.0 6.2 6.1 0.1 10.4 11.9 10.4 12.1 0.0 - 6.6 6.8 - 2.9 2.9 0.0 3.6 3.1 3.5 3.0 0.1 0.2 0.2 0.1 Revised -2.8 1.8 2.0 1.6 0.2 0.2 0.1 -0.1 0.1 1.5 0.3 0.6 0.3 0.4 1.6 1.8 0.2 -0.2 0.4 -5.0 0.6 0.0 -0.2 0.7 0.0 0.0 0.1 5.2 5.2 5.3 3.1 3.0 3.5 5.3 5.5 4.8 3.1 3.1 3.4 -0.1 0.9 3.0 3.1 0.9 3.0 2.4 -0.3 0.0 0.2 0.1 0.4 0.0 1.6 1.8 0.2 0.2 8.2 -0.2 -0.2 -0.3 0.2 7.4 7.5 7.3 7.6 0.1 - 0.0 0.0 0.0 0.1 0.1 2.8 2.2 -0.1 0.0 0.3 0.2 0.6 -0.1 0.0 2.8 2.2 -0.3 3.2 3.6 -4.4 -0.1 -0.1 -0.2 0.1 0.0 10.2 0.1 0.0 0.9 0.7 7.0 5.6 5.0 7.4 8.2 6.9 5.5 4.8 7.5 0.1 2.7 2.1 5.1 2.4 3.9 0.0 0.0 0.0 - 2.7 2.1 5.1 2.5 3.8 1.7 10.7 8.5 9.2 9.1 9.4 0.0 Chained dollars 0.0 0.1 0.0 0.0 -0.1 -0.1 9.2 9.2 9.3 10.2 10.7 8.5 3.6 2002-2012 1959-2002 7.3 Government consumption expenditures and gross investment........................... Federal................................................... National defense................................. Nondefense........................................ State and local....................................... Revision 0.2 - Addenda: Gross domestic income.......................... Disposable personal income.................. Net exports of goods and services.... Exports............................................. Goods........................................... Services....................................... Imports............................................. Goods........................................... Services....................................... Previously published Revised 0.0 0.0 Net exports of goods and services.... Exports.............................................. Goods............................................ Services........................................ Imports.............................................. Goods............................................ Services........................................ Government consumption expenditun and gross investment..................... Federal.............................................. National defense............................ Nondefense................................... State and local................................... Gross domestic product.. Chained dollars -0.3 1.8 2.6 2.8 -0.3 1.8 2.0 0.3 2.4 2.8 -0.3 0.5 0.0 -0.1 0.1 September 2013 S urvey of 35 C u r r e n t B u s in e s s Table 24. Contributions to Percent Change in Real Gross Domestic Product, Averages for Selected Periods Revised 1929-2012 1929-1959 1959-2002 Previously published Previously published Previously published Revision Revised Revision Revised 2002-2012 Revision Revised Previously published Revision Percent change at annual rate: 3.3 3.2 0.1 3.6 3.5 0.1 3.4 3.4 0.0 1.8 1.6 0.2 Personal consumption expenditures....................... Goods...................................................................... Durable goods..................................................... Nondurable goods............................................... Services.................................................................. 2.01 0.95 0.38 0.56 1.06 2.04 0.98 0.40 0.58 1.07 -0.03 -0.03 -0.02 -0.02 -0.01 1.85 1.03 0.27 0.77 0.82 1.89 1.05 0.27 0.78 0.84 -0.04 -0.02 -0.01 -0.02 2.27 0.98 0.48 0.49 1.30 2.33 1.01 0.50 0.51 1.32 -0.06 -0.03 -0.02 -0.02 -0.02 1.38 0.58 0.32 0.27 0.80 1.28 0.59 0.33 0.26 0.70 Gross private domestic investment.......................... Fixed investment..................................................... Nonresidential..................................................... Structures........................................................ 0.57 0.51 0.42 0.03 0.27 0.12 0.10 0.06 0.51 0.46 0.36 0.03 0.06 0.05 0.06 0.38 0.28 0.12 -0.01 0.04 0.04 0.05 -0.01 0.07 0.07 0.06 -0.01 0.16 0.11 -0.01 -0.01 0.18 0.14 0.32 -0.01 0.19 0.13 -0.18 0.04 0.11 0.06 0.25 0.01 0.00 0.77 0.74 0.62 0.07 0.38 0.16 0.12 0.03 0.70 0.67 0.56 0.09 0.06 0.42 0.32 0.17 -0.02 0.13 0.05 0.15 0.10 0.10 -0.01 -0.01 0.01 0.10 0.07 0.08 0.07 -0.01 -0.19 0.04 -0.01 0.10 0.06 0.04 -0.11 -0.06 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.09 0.46 0.35 0.11 -0.54 -0.47 -0.07 -0.10 0.47 0.36 0.11 -0.56 -0.49 -0.08 0.01 -0.01 -0.01 0.00 -0.01 0.10 0.06 0.04 -0.11 -0.06 -0.06 0.02 0.02 0.01 0.11 0.57 0.40 0.17 -0.46 -0.37 -0.09 0.11 0.59 0.43 0.16 -0.48 -0.39 -0.09 0.03 0.05 0.03 0.02 -0.01 1.62 1.42 1.26 0.16 0.20 1.56 1.35 1.19 0.16 0.21 0.06 0.07 0.07 0.50 0.15 0.06 0.09 0.34 0.47 0.11 0.04 0.07 0.36 0.03 0.04 0.02 0.02 -0.02 0.18 0.22 0.14 0.07 -0.04 0.16 0.20 0.14 0.06 -0.03 Gross domestic product................................... Percentage points at annual rates: Residential.......................................................... Change in private inventories.................................. Net exports of goods and services......................... Exports.................................................................... Goods................................................................. Services.............................................................. Imports.................................................................... Goods................................................................. Services.............................................................. -0.04 0.34 0.25 0.09 -0.38 -0.31 -0.07 -0.04 0.35 0.26 0.09 -0.39 -0.32 -0.07 Government consumption expenditures and gross investment............................................................. Federal.................................................................... National defense................................................. Nondefense......................................................... State and local........................................................ 0.86 0.62 0.50 0.12 0.25 0.83 0.57 0.47 0.10 0.26 0.00 0.00 -0.01 -0.01 0.00 0.01 0.01 and for the other two subperiods, the revisions to ex ports offset the revisions to im ports). For 1929-1959 and for 1959-2002, the contribution o f PCE is revised down, reflecting dow nw ard revisions to spending for b oth goods and services. In contrast, for 2002-2012, the contribution o f PCE is revised up (the upw ard revision is m ore th an accounted for by services). Real DPI The average annual rates o f grow th o f real DPI for 1929-2012 (3.2 percent) and for 1929-1959 (3.1 per cent) are 0.1 percentage poin t m ore th an in the previ ously published estimates (table 23). The average annual rate o f grow th for 1959-2002 (3.6 percent) is the same as the previously published estimate. For 2002-2012, the average annual rate o f grow th o f real DPI is 2.0 percent, 0.2 percentage p o int higher than in the previously published estimates. The revisions to real DPI result from the following: • Revisions to the current-dollar DPI. • Revisions to the im plicit price deflator for PCE, w hich is used to deflate DPI. For 38 years, the percent change in real DPI is re vised up. For 17 o f these years, the revisions are greater than 0.2 percentage point; the largest revisions are for 1942 (1.0 percentage point), for 2009 (2.3 percentage points), and for 2011 (1.1 percentage points). Upward revisions to current-dollar DPI play a role in 16 of these 17 revisions, and dow nw ard revisions to the im plicit price deflator for PCE play a role in eight of these 0.00 0.00 -0.01 0.08 0.11 0.03 0.01 0.00 0.00 0.00 0.01 0.00 0.00 -0.02 -0.03 0.01 0.02 0.02 0.00 0.02 0.02 0.00 0.01 -0.01 revisions. For 32 years, the percent change in real DPI is re vised down. Twelve o f the dow nw ard revisions are larger th an 0.2 percentage point; the largest revisions, at 0.9 percentage point, are for 1976 and for 2008. D ow nw ard revisions to current-dollar DPI play a role in all 12 o f these revisions, while the im plicit price de flator for PCE plays a m inim al role. For 13 years, the percent change in real DPI is u n re vised. For 1942 and for 1976, the revisions prim arily re flect the adoption o f accrual-based m easures for de fined benefit pension plans. For 2008, the downward revision prim arily reflects the im pacts o f the im proved distribution o f incom e o f regulated investm ent com pa nies, o f the im proved m easurem ent o f financial ser vices, and o f other statistical changes. For 2009, the upw ard revision prim arily reflects the im pacts of the adoption o f accrual-based m easures for defined benefit pension plans and o f statistical changes, including the im proved m easurem ent o f financial services. For 2011, the upw ard revision prim arily reflects the incorpora tion o f new and revised source data th at underlie the com ponents o f personal incom e (see the section “Per sonal incom e and outlays (account 3)” above). Annual Prices The revisions to the percent changes in the chain-type price indexes result from the incorporation o f revised and newly available source data and o f revised weights into the chain formula. 36 Improved NIPA Estimates For 1929-2012 and for the subperiods 1959-2002 and 2002-2012, the average annual rates o f change in the price index for gross dom estic purchases are 0.1 percentage p o in t lower th an in the previously p u b lished estim ates (table 25). For 1929-1959, the average rate o f change is unrevised. For 1929-2012 and for the subperiods 1929-1959 an d 1959-2002, the revised estim ates o f the average annual rates o f change in the price index for GDP are the sam e as those in the previously published esti m ates. For 2002-2012, the average annual rate o f change in the price index for GDP is 2.1 percent, a dow nw ard revision o f 0.2 percentage point. N otable revisions to the prices o f m ajor com po nents o f GDP for 2002-2012 include the following: • Prices o f PCE for services are revised dow n 0.1 p er centage point. • Prices o f nonresidential structures are revised dow n 0.5 percentage point. • Prices o f federal consum ption expenditures and gross investm ent are revised dow n 0.4 percentage point. September 2013 quarterly source data (including the updating o f sea sonal factors), and the in tro d u ctio n o f changes in m ethodology. This section focuses on the effect o f the revisions on business cycles w ith an em phasis on the m ost recent period o f contraction and the current period o f expan sion.15 In general, the revisions have very little effect on business cycles. In the revised estim ates for the 11 con tractions since 1947, all b u t the 2001 recession show m ore m oderate declines th an in the previously p u b lished estim ates (table 26). For the 2001 recession, the average rate o f grow th in real GDP is revised dow n from a positive 1.0 percent to a positive 0.6 percent.16 In the revised estim ates for the m ost recent contrac tion, real GDP decreases at an average annual rate o f 2.9 percent through the second q uarter o f 2009; in the previously published estim ates, it had decreased at a 15. These turning points are consistent with the business-cycle turning points determined by the National Bureau o f Economic Research (NBER). 16. The NBER considers a number of monthly indicators— such as employment, personal income, and industrial production— as well as the change in GDP growth for dating business cycles. Therefore, declines in quarterly real GDP often track closely with recessions, but the movements of monthly indicators (especially employment) that the NBER also consid ers may affect the relationship between the pattern o f change in real GDP and the identification o f recessions. More information about the NBER business-cycle dating procedure is available at www.nber.org. Quarterly Real GDP The revisions to the quarterly (and m onthly) NIPA es tim ates reflect the revisions to the annual estimates, the inco rp o ration o f new and revised m onthly and Table 25. Prices of Gross Domestic Product and Its Major Components: Revisions to Average Annual Rates of Change Over Selected Periods Revised Previously published Revision Revised 1929-2012 Gross domestic product (GDP)........................... 2.9 2.9 Personal consumption expenditures (PCE)............... Goods........................................................................ Durable goods....................................................... Nondurable goods................................................. Services.................................................................... 2.9 2.3 1.4 2.8 3.3 Gross private domestic investment............................ Fixed investment........................................................ Nonresidential....................................................... Structures.......................................................... Previously published Revision Revised 1929-1959 Previously published Revision Revised 1959-2002 1.9 0.0 3.8 3.8 0.0 2.1 2.9 2.3 1.4 2.8 3.3 1.9 1.9 1.9 1.9 1.9 1.8 1.9 1.9 1.9 1.9 1.8 0.0 0.0 0.0 0.0 0.0 3.8 2.8 1.7 3.4 4.5 3.8 2.8 1.7 3.4 4.6 0.0 0.0 0.0 0.0 -0.1 -1.7 2.4 2.8 2.5 4.1 1.8 2.3 3.7 2.3 2.8 2.4 4.1 0.1 0.0 0.1 0.0 1.7 2.7 2.8 3.1 0.2 0.0 -0.1 0.0 0.1 0.1 0.2 0.0 0.0 3.0 0.0 3.0 3.1 2.6 4.6 16 2.7 4.5 2.9 3.0 2.4 4.6 3.7 1.9 2.7 2.7 3.1 2.7 2.2 3.0 4.4 0.1 1.3 4.7 00 0.8 2.2 Net exports of goods and services............................ Exports...................................................................... Goods.................................................................... Services................................................................ Imports Goods.................................................................... Services................................................................ 2.5 2.3 3.3 2.9 2.9 3.0 2.5 2.2 3.3 2.9 2.9 3.0 0.0 0.1 0.0 0.0 0.0 0.0 1.8 1.7 2.9 1.9 2.0 1.7 1.8 1.7 2.9 1.9 2.0 1.7 0.0 0.0 0.0 0.0 0.0 0.0 2.8 2.5 3.6 3.5 3.4 4.0 2.9 2.5 3.7 3.5 3.4 3.9 -0.1 0.0 -0.1 0.0 0.0 0.1 Government consumption expenditures and gross investment............................................................... Federal...................................................................... National defense................................................... Nondefense........................................................... State and local.......................................................... 3.6 3.3 3.3 3.3 4.1 3.6 3.5 3.5 3.5 4.0 0.0 -0.2 -0.2 -0.2 0.1 2.4 2.4 2.4 2.6 3.1 2.3 2.3 2.2 2.3 3.1 0.1 0.1 0.2 0.3 0.0 4.5 4.1 4.1 4.0 4.8 4.6 4.4 4.4 4.4 4.7 2.9 3.0 -0.1 1.9 1.9 0.0 3.8 2.9 2.9 0.0 1.9 1.9 0.0 3.8 Addenda: Gross domestic purchases............................................ Gross domestic purchases excluding food and energy 1 GDP excluding food and energy2................................. PCE excluding food and energy.................................... 1. Price index begins with 1982. 2. Price index begins with 1985. Revision 2002-2012 0.0 0.0 0.0 0.0 0.0 0.0 Intellectual property products............................. Residential............................................................ Change in private inventories.................................... Previously published -0.2 2.3 2.2 1.3 -1.8 3.0 2.7 1.7 1.7 1.3 5.2 -0.1 -0.1 0.0 -0.5 2.3 -0.1 2.8 2.7 3.0 3.5 3.6 3.2 2.7 2.6 2.8 3.5 3.6 3.2 0.1 0.1 0.2 0.0 0.0 0.0 -0.1 -0.3 -0.3 -0.4 0.1 3.3 2.7 2.8 2.5 3.6 3.6 3.1 3.3 2.8 3.8 -0.3 -0.4 -0.5 -0.3 -0.2 3.9 -0.1 3.8 0.0 2.3 21 21 1.8 2.4 22 23 1.9 -0.1 -0 1 02 -0.1 -0.1 0.0 0.1 0.0 -0.1 September 2013 S urvey of rate o f 3.2 percent. The percent change in real GDP is revised dow n for three quarters and is revised up for three quarters (table 27). The average revision, w ithout regard to sign, is 0.7 percentage point. In the revised estim ates for the 10 com plete expan sions since 1947, four have slightly stronger increases th an in the previously published estim ates— the ex pansions beginning in the fourth quarter o f 1949, in th e first q uarter o f 1961, in the fourth quarter o f 1982, an d in the fo u rth quarter o f 2001 (table 26). For two o f the expansions, the increases are slightly m ore m oder- Table 26. Revisions to Cyclical Fluctuations in Real Gross Domestic Product, 1948-2013 Revised Contractions 1948:IV-1949:IV............................................................. 1953:11-1954:11................................................................ 1957:111-1958:11............................................................... 1960:11-1961:1................................................................. 1969:IV—1970:1V............................................................. 1973:IV-1975:1................................................................ 1980:1-1980:111................................................................ 1981 :lll—1982:IV.............................................................. 1990:111-1991:1................................................................ 2001 :l—2001 :IV................................................................ 2007:IV-2009:II............................................................... Expansions 1949:IV—1953:ll............................................................... 1954:11-1957:111............................................................... 1958:11-1960:11................................................................ 1961 :l—1969:IV................................................................ 1970:IV—1973:1V ............................................................. 1975:1-1980:1.................................................................. 1980:111-1981:111.............................................................. 1982:IV-1990:111.............................................................. 1991:1-2001:1.................................................................. 2001:1V—2007:1V............................................................. 2009:11-2013:1................................................................. 37 C u r r e n t B u s in e s s ate th an in the previously published estimates— the ex pansions beginning in the second quarter o f 1958 and in the fourth quarter o f 1970. For the rem aining four expansions, the average annual rates o f grow th for real GDP are unrevised. For the current expansion throug h the first quarter o f 2013, real GDP increases at an average annual rate of 2.2 percent; in the previously published estimates, it had increased at a rate o f 2.1 percent. The percent change in real GDP is revised up for seven quarters and is revised dow n for eight quarters (table 27). The aver age revision, w ithout regard to sign, is 0.6 percentage point. Table 27. Rates of Growth of Real Gross Domestic Product Previously published Revision -1.5 -2.4 -3.9 -0.4 -0.1 -2.5 -4.3 -2.0 -2.6 0.6 -2.9 -1.6 -2.5 -4.2 -0.7 -0.2 -2.6 -4.4 -2.1 -2.7 1.0 -3.2 0.1 0.1 0.3 0.3 0.1 0.1 0.1 0.1 0.1 -0.4 0.3 7.6 4.0 5.6 4.9 5.1 4.3 4.4 4.3 3.6 2.8 2.2 7.5 4.0 5.7 4.8 5.2 4.3 4.4 4.2 3.6 2.7 2.1 0.1 0.0 -0.1 0.1 -0.1 0.0 0.0 0.1 0.0 0.1 0.1 Previously published Revised Revision 2008:1-2009:11 2008:1.......................................................... 2008:11......................................................... 2008:111........................................................ 2008:1V....................................................... 2009:1.......................................................... 2009:11......................................................... -2.7 2.0 -2.0 -8.3 -5.4 -0.4 -1.8 1.3 -3.7 -8.9 -5.3 -0.3 Previously published Revised -0.9 0.7 1.7 0.6 -0.1 -0.1 Revision 2009:111-2013:1 2009:111........................................................ 2009:1V....................................................... 2010:1.......................................................... 2010:11......................................................... 2010 III 20101V 2011 I 2011 II 2011 III 2011 IV 20121 201211 2012 III 20121V 2013:1.......................................................... 1.3 3.9 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 1.4 4.0 2.3 2.2 2.6 2.4 0.1 2.5 1.3 4.1 2.0 1.3 3.1 0.4 1.8 -0.1 -0.1 -0.7 1.7 0.2 0.4 -1.4 0.7 0.1 0.8 1.7 -0.1 -0.3 -0.3 -0.7 Improved NIPA Estimates 38 September 2013 A ckn o w led g m en ts Nicole M. Mayerhauser, Chief of the National Income and Wealth Division, supervised the preparation of this year’s comprehensive revision of the national income and product accounts. Pamela A. Kelly, Chief of the Govern ment Division, directed major parts of the revision. Brent R. Moulton, Associate Director for National Economic Accounts, provided overall supervision. Bureau of Economic Analysis staff members who made significant contributions to the revision are listed below. Estimate coordination and review: David F. Sullivan, Alyssa E. Holdren, Donald D. Kim, Robert J. Kornfeld, Brendan J. Leary, Shelly Smith. Personal consumption expenditures: Kyle J. Brown. Goods: Harvey L. Davis, Jr., Yukun Fung, Megan E. Groll, Everette R Johnson, Danit E. Kanal, Brian K. Sliker. Ser vices: Jason Chute, Robert N. Ganz III, Mahmoud Raya, Teresita D. Teensma, Baoline Chen. Investment and foreign transactions: Michael Armah. Inventories, foreign transactions, and prices: Harry John son, Jr., Michael M. Cortez, Jeffrey Hall, Sinan Hastorun, Echo Lin. Private fixed investment in structures, equip ment, and software: Christina D. Hovland, Velma P. Henry, Sarah J. Pack, Linden L. Webber. Private fixed investment in research and development and entertain ment, literary, and artistic originals: Marissa Crawford, Kevin J. Furlong, Andrew Schmidt. Federal government: Benjamin A. Mandel, Peter G. Beall, Mark S. Ludwick, Stan J. Bellotti, Andrew P. Cairns, Andrea L. Cook, Raymen G. LaBella, Ann Miller, Kyle D. Mulgrew, Farah Naz, Michelle D. Robinson, Mary L. Roy, Benyam Tsehaye, Andrew E. Vargo, Bryan Williams, Keith Zipay. State and local government: Bruce E. Baker, Steven J. Andrews, Melissa J. Braybrooks, Michelle S. Grier, Brian E. Parks. Personal income: Kurt Kunze. Employee compensation: Janet H. Kmitch, Jillian E. Fasser, Paul Medzerian, James E. Rankin, Dylan G. Rassier, John Rusinko, Brian J. Smith. Business income: Howard I. Krakower, Andrew W. Hodge, M. Greg Key, Kate L. Shoemaker, Martin L. Sim mons, Garth K. Trinkl, Dennis R. Weikel. Property income: Michael N. Hayes, Louise V. Lusby, Denise A. McBride, Elizabeth M. Terroni. Consumption of fixed capital: Private: Robert J. Korn feld, Marlyn Rodriguez, Michael T. Cusick, Michael D. Glenn, Lisa A. Lynn, Nadia Sadee. Government: Jennifer A. Bennett, Mark A. Bailey, Mark A. Ledbetter, Christo pher B. Mbu. Computer systems and operations: Brendan J. Leary, Michael J. Boehm, Wanda Y. Chambers, Benjamin D. Cowan, Natalie M. Hayes, Sung H. Lee, Ethan C. Lincoln, Sandip Mehta, Ross F. Metzger, J.D. Montgomery, Andrew J. Pinard, James J. Raley III, Michael D. Randall, Karl V. Rohrer, David Rozenshtein. Definitional and statistical improvements research: Mar shall Reinsdorf. Research and development: Jennifer Lee, Wendy C.Y. Li, Jennifer Ribarsky. Entertainment, literary, and artistic originals: Rachel H. Soloveichik, David B. Wasshausen. Accrual accounting for defined benefit pen sion plans: Marshall Reinsdorf, David G. Lenze, Dylan G. Rassier. Expanded ownership transfer costs: Arnold J. Katz. Improved measures of financial services: Kyle K. Hood. Supplemental review materials: Duane G. Hackmann, Colby Johnson, Lisa S. Mataloni, Kristina L. Maze, Steph anie McCulla, Bonnie A. Retus, David F. Sullivan, Chris topher Wang. NIPA information: Jeannine Aversa, Thomas B. Dail, Gianna M. Marrone, Debra M. Blagburn. Secretarial and program assistance: Esther M. Carter, Katherine Dent, Beverly B. Goodwin, Angela P. Pointer. In addition, the National Economic Accounts Directorate expresses gratitude and appreciation for the contribu tions of staff from the Industry Accounts Directorate, led by their Associate Director Carol E. Moylan and Division Chiefs Erich H. Strassner and David B. Wasshausen. Table A follows. September 2013 S urvey of 39 C u r r e n t B u s in e s s Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2007-2012—Continues Billions of dollars Line NIPA component 2007 1 Gross domestic product.................................. 2 Personal consumption expenditures........... 3 Goods......................................................... 4 Durable goods........................................ 5 Motor vehicles and parts..................... 2009 Major source data and conceptual and statistical changes incorporated1 Revision in level Revised level 2012 14,480.3 14,417.9 16,244.6 9,744.4 9,842.9 11,149.6 3,361.6 3,198.4 3,769.7 1,184.6 1,023.3 1,202.7 400.6 317.1 401.7 2007 2008 2009 2010 2011 2012 451.6 -27.9 -2.3 -3.8 0.7 428.8 -30.0 -6.0 -6.6 0.3 444.2 -3.0 4.0 -6.3 1.1 459.4 -13.8 -2.1 -8.7 -0.7 458.1 -17.2 -22.1 -16.5 -4.9 559.8 30.0 -13.5 -16.2 -5.3 O f which: 6 7 Net purchases of used motor vehicles.................................. 111.2 99.7 103.1 -5.5 -5.5 -4.5 -11.2 -15.9 -15.8 Furnishings and durable household equipment...................................... 283.5 244.3 275.1 12.2 10.8 8.9 9.1 8.4 9.3 For 2007, BEA benchmark input-output accounts. Revised Census Bureau annual retail trade survey (ARTS) data on gross margins and on retail sales of used motor vehicle dealers for 2010; new ARTS data for 2011; revised Census Bureau monthly retail trade survey (MRTS) data for 2012; new trade source data on cars and trucks in operation for 2012. Of which: 8 9 Furniture and furnishings............ 171.8 144.6 164.1 10.6 9.6 8.9 9.2 8.9 9.8 335.8 303.8 334.5 -13.6 -14.7 -13.5 -14.0 -19.0 -19.5 195.6 184.9 205.0 -15.6 -15.9 -14.1 -14.3 -16.6 -16.2 164.8 2,176.9 158.2 2,175.1 191.3 2,567.0 -3.0 1.4 -3.1 0.6 -2.6 10.3 -3.1 6.6 -1.1 -5.6 -0.8 2.8 737.3 770.0 863.3 26.1 26.5 27.7 28.3 22.8 34.2 Food and nonalcoholic beverages purchased for off-premises consumption........................... 634.7 663.4 740.9 19.8 20.3 21.0 21.4 17.2 26.9 Clothing and footwear........................ 323.7 306.5 354.6 -11.7 -11.4 -10.5 -11.0 -10.9 -11.3 Recreational goods and vehicles..... For 2007, BEA benchmark input-output accounts. Revised ARTS data for 2010; new ARTS data for 2011; revised MRTS data for 2012. O f which: 10 11 12 13 Video, audio, photographic, and information processing equipment and media.............. Other durable goods........................... Nondurable goods.................................. Food and beverages purchased for offpremises consumption.................... For 2007, BEA benchmark input-output accounts. Revised ARTS data for 2010; new ARTS data for 2011; revised MRTS data for 2012. O f which: 14 15 For 2007, BEA benchmark input-output accounts. Revised ARTS data for 2010; new ARTS data for 2011; revised MRTS data for 2012; new trade source retail scanner data for 2012. O f which: 16 Men’s and boys’ clothing............. 85.3 81.5 93.5 -9.9 -9.8 -9.2 -9.6 -9.9 -10.1 17 Gasoline and other energy goods....... 345.5 284.5 417.0 -19.3 -21.4 -14.8 -19.0 -19.4 -23.3 Motor vehicle fuels, lubricants, and fluids................................ 319.9 260.2 390.4 -23.1 -26.2 -18.5 -22.8 -24.3 -28.0 Other nondurable goods...................... 770.4 814.2 932.1 6.3 6.8 8.1 8.4 1.9 3.0 For 2007, BEA benchmark input-output accounts. Revised ARTS data for 2010; new ARTS data for 2011; revised MRTS data for 2012. Of which: 18 19 For 2007, BEA benchmark input-output accounts. Revised Energy Information Administration supply data on non-diesel fuel for 2010-2012; new BLS consumer expenditure survey data on diesel fuel for 2008-2011. O f which: 20 Recreational items..................... 124.5 123.8 142.0 -11.3 -11.2 -10.7 -11.1 -14.0 -14.1 21 Personal care products............... 99.0 100.1 114.6 10.3 10.5 7.9 8.0 6.9 7.6 For 2007, BEA benchmark input-output accounts. Revised ARTS data for 2010; new ARTS data for 2011; revised MRTS data for 2012. For 2007, BEA benchmark input-output accounts. Revised ARTS data for 2010; new ARTS data for 2011; revised MRTS data for 2012. For 2007, BEA benchmark input-output accounts. Revised Department of Treasury, Alcohol and Tobacco Tax and Trade Bureau data for 2010-2012. 22 Tobacco...................................... 84.3 99.5 108.8 10.6 10.7 11.6 11.8 12.2 12.0 23 24 Services..................................................... Household consumption expenditures (for services)............................................. Housing and utilities........................... Housing.......................................... 6,382.9 6,644.5 7,379.9 -25.4 -24.0 -7.0 -11.8 4.9 43.4 6,134.1 1,758.2 1,480.0 6,368.5 1,881.0 1,591.6 7,089.4 2,013.9 1,719.9 -20.3 2.0 7.1 -21.6 8.1 13.8 -3.5 9.4 15.4 -7.5 17.1 23.1 18.9 31.0 36.7 54.3 48.0 55.0 Rental of tenant-occupied nonfarm housing................. 316.0 359.7 430.4 4.9 6.1 6.6 12.4 24.7 36.3 Revised Census Bureau current population survey/housing vacancy survey (CPS/HVS) data for 2003-2011; new CPS/HVS data for 2012; revised BEA utilities data for 2003-2011; new BEA utilities data for 2012; revised Department of Energy (DOE) residential energy consumption survey (RECS) data for 2005; new DOE RECS data for 2009; new BLS consumer expenditure survey data on tenant expenditures for 2008-2011; new Census Bureau decennial census of housing (COH) data for 2010; new Census Bureau American housing survey (AHS) data for 2011. Imputed rental of owneroccupied nonfarm housing... 1,142.3 1,209.9 1,263.7 1.0 6.4 7.6 9.4 11.0 16.7 Revised Census Bureau CPS/HVS data for 2003-2011; new CPS/HVS data for 2012; revised BEA constant-dollar housing stock data for 2008-2011; new BEA constant-dollar housing stock data for 2012; new Census Bureau decennial COH data for 2010; new Census Bureau AHS data for 2011. Household utilities........................... 278.2 289.4 294.0 -5.1 -5.7 -6.0 -6.0 -5.8 -7.0 25 26 Of which: 27 28 29 See the footnotes and abbreviations at the end of the table. 40 Improved NIPA Estimates September 2013 Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2007-2012—Continues Billions of dollars Line 30 NIPA component Health care.......................................... Revised level Major source data and conceptual and statistical changes incorporated1 Revision in level 2007 2009 2012 1,481.8 1,627.4 1,847.6 24.1 23.9 25.8 27.7 16.2 29.5 2007 2008 2009 2010 2011 2012 O f which: 31 Physician services....................... 365.7 392.8 433.9 5.5 5.8 5.9 5.9 5.8 13.8 32 Hospitals..................................... 658.1 736.6 861.2 17.9 19.9 21.3 23.2 17.9 22.6 33 34 35 36 37 Transportation services....................... Recreation services............................. Food services and accommodations.... Financial services and insurance........ Financial services............................ 312.2 375.8 595.6 768.5 480.3 289.7 376.0 600.3 719.0 452.2 318.1 416.6 701.7 821.0 496.1 5.2 0.4 -4.9 -21.8 -21.5 5.8 2.6 -5.8 -35.5 -38.3 5.2 5.3 -6.9 -22.8 -25.1 5.3 6.6 -13.3 -33.1 -39.2 6.2 5.2 -12.2 -6.0 -27.8 5.3 6.4 -11.9 -8.1 -42.7 Financial services furnished without payment.................. 236.6 229.4 259.1 -14.2 -32.0 -21.5 -34.5 -24.0 -39.6 Insurance........................................ 288.2 266.7 325.0 -0.3 2.8 2.3 6.2 21.7 34.8 For 2007, BEA benchmark input-output accounts. Revised Census Bureau service annual survey (SAS) taxable and tax-exempt revenue data for 2010 and 2011; new SAS data for 2012. For 2007, BEA benchmark input-output accounts. Revised SAS taxable and tax-exempt revenue data for 2010 and 2011; new SAS data for 2012. O f which: 38 39 Improved estimates of implicit services of commercial banks. Revised FRB flow of funds accounts data for 2010 and 2011; new flow of funds accounts data for 2012; revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations of corporate and of sole proprietorship and partnership tax return data for 2011; new FDIC data for 2012; new trade source data on credit unions and on investment companies for 2012. Of which: 40 Life insurance.......................... 87.5 80.0 103.3 3.7 5.1 4.7 5.1 15.0 17.0 41 Net health insurance............... 131.3 119.4 154.5 -4.3 -2.6 -2.8 0.5 6.9 19.0 42 43 Other services.................................... Communication............................... 841.9 203.3 875.1 217.9 970.4 251.7 -25.5 -3.8 -20.7 0.7 -19.6 2.2 -17.7 3.2 -21.4 5.3 -15.1 16.5 Revised trade source data on life insurance company expenses for 2007-2010; new trade source data for 2011; new BLS quarterly census of employment and wages data for 2012. Revised benefits-to-premiums ratio based on new trade source data on medical insurance for 2011; new DHHS medical expenditures panel survey data for 2011 and 2012. Of which: 44 Telecommunication services.... 149.0 149.6 160.6 -10.4 -10.4 -9.5 -9.4 -13.0 -13.2 45 Internet access........................ 42.3 56.3 80.7 3.9 7.5 8.3 9.3 15.7 27.4 46 47 48 49 Education services.......................... Professional and other services...... Personal care and clothing services Social services and religious activities...................................... 196.6 163.6 111.5 219.9 161.5 109.9 264.9 169.4 124.8 0.9 -0.2 0.4 -0.4 -1.0 0.4 -1.3 -1.7 0.7 -1.5 -1.3 4.0 -1.3 -1.0 2.4 -0.5 -6.3 4.9 124.6 133.2 147.3 -13.2 -13.9 -14.2 -14.6 -15.4 -15.3 50 Net foreign travel............................. -21.5 -27.5 -53.6 -12.3 -8.9 -8.1 -10.1 -12.9 -16.9 For 2007, BEA benchmark input-output accounts. Revised SAS product revenue data for 2007-2010; new SAS product revenue data for 2011; new SAS industry revenue data for 2012. For 2007, BEA benchmark input-output accounts. Revised SAS product revenue data for 2007-2010; new SAS product revenue data for 2011; new SAS industry revenue data for 2012. For 2007, BEA benchmark input-output accounts. Revised SAS taxable and tax-exempt revenue data for 2010 and 2011; new SAS data for 2012. Of which: 51 53 Foreign travel by U.S. residents2........................... Final consumption expenditures of nonprofit institutions............................ Gross output of nonprofit institutions.... 54 Less: Receipts from sales of goods and 52 55 56 57 58 104.1 97.9 110.0 -9.8 -9.9 -9.2 -11.4 -15.0 -17.1 248.8 983.1 276.0 1,072.6 290.5 1,194.1 -5.1 -6.3 -2.5 -5.6 -3.5 -6.1 -4.3 -7.5 -14.0 -22.9 -10.9 -21.4 services by nonprofit institutions..... 734.4 796.5 903.6 -1.1 -3.1 -2.7 -3.2 -8.8 -10.5 Gross private domestic investment............. Fixed investment.......................................... Nonresidential........................................ Structures........................................... 2,643.7 2,609.3 1,920.6 496.9 1,878.1 2,025.7 1,633.4 438.2 2,475.2 2,409.1 1,970.0 437.3 348.5 343.2 283.1 -28.0 337.2 328.1 284.7 -33.9 328.8 322.2 284.1 -12.9 363.5 360.3 319.8 -14.3 377.2 377.3 330.3 -24.2 412.9 404.9 348.7 -26.1 54.1 41.5 76.1 60.4 83.2 66.8 4.0 7.9 5.1 14.1 5.7 18.6 4.9 12.3 5.1 17.2 3.3 22.9 Revised BEA international transactions accounts data for 1999-2012. New treatment of research and development. For 2007, BEA benchmark input-output accounts. Revised SAS tax-exempt expenses data for 2010 and 2011; new SAS data for 2012. See entries under Household consumption expenditures (for services), line 24. O f which: 59 60 Power......................................... Electric.................................... 61 Other power............................. 12.7 15.7 16.3 -3.8 -9.0 -12.9 -7.4 -12.1 -19.7 62 Petroleum and natural gas.......... 94.9 69.4 116.5 -31.7 -37.5 -15.9 -18.4 -28.6 -27.7 63 64 Equipment3........................................ Information processing equipment3 885.8 303.2 644.3 256.1 907.6 284.5 Improved classifications of wind and solar power structures. For 2007, BEA benchmark input-output accounts. Improved classifications of wind and solar power structures. For 2007, BEA benchmark input-output accounts. For 2007, BEA benchmark input-output accounts. Revised trade source data on footage drilled for 2008-2011; new trade source data for 2012; new Census Bureau annual capital expenditures survey data for 2011. O f which: 65 Communication equipment...... 106.2 79.4 95.8 6.8 6.8 3.5 5.7 13.4 17.6 66 Industrial equipment........................ 194.1 152.1 195.3 1.1 -1.6 -3.1 -2.4 0.8 -2.2 See the footnotes and abbreviations at the end of the table. For 2007, BEA benchmark input-output accounts. Revised Census Bureau annual survey of manufactures (ASM) data for 2010; new ASM data for 2011; revised Census Bureau monthly industry shipments data for 2012. September 2013 S urvey of 41 C u r r e n t B u s in e s s Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2007-2012—Continues Billions of dollars Line NIPA component Revised level 2007 2009 Major source data and conceptual and statistical changes incorporated1 Revision in level 2012 2007 2008 2009 2010 2011 2012 67 Transportation equipment................ 188.8 70.6 214.4 -1.4 -0.7 -5.3 4.3 7.1 17.5 68 Other equipment............................ 211.8 174.2 223.7 10.5 8.7 2.8 10.3 10.7 6.8 69 12.2 537.9 8.6 550.9 10.3 625.0 3.7 6.0 2.2 1.6 1.3 1.5 70 Less: Sale of equipment scrap, excluding autos.......................... Intellectual property products3............ 71 Software......................................... 244.2 256.8 281.6 -0.8 1.3 -0.1 -8.9 -11.1 -11.8 7? 73 Research and development3.......... Entertainment, literary, and artistic originals3................................... Residential.............................................. Structures........................................... 223.3 229.0 269.1 70.4 688.7 678.8 65.1 392.2 383.9 74.3 439.2 430.2 60.0 60.4 43.5 43.8 38.1 38.5 40.5 41.0 47.1 47.5 56.3 56.6 144.7 9.9 34.5 -0.7 35.2 92.4 3.4 38.5 33.2 25.8 7.5 13.8 95.2 8.3 -147.6 -1.6 -146.0 -153.7 -5.3 -33.5 -62.0 -49.4 -12.5 -47.8 106.9 9.0 66.1 -11.7 77.8 92.8 6.8 14.8 28.5 25.2 3.4 33.8 -0.4 5.4 0.0 5.4 1.0 -0.4 0.0 4.4 0.6 3.9 1.6 -0.5 9.1 0.0 9.1 6.0 1.0 -0.7 7.0 1.2 5.8 -1.4 -0.5 6.6 0.1 6.5 4.5 6.0 0.0 0.0 0.0 0.0 0.0 -0.5 3.1 0.0 3.2 6.2 -0.8 6.4 -3.3 2.0 -5.2 2.8 -0.4 -0.2 -0.3 0.1 0.6 -6.4 1.1 -1.5 -3.1 1.6 5.6 -0.4 8.0 4.4 3.7 4.9 0.7 -0.1 -1.9 -2.3 0.5 1.5 3.7 3.4 -57.2 -709.8 1,665.7 1,165.3 500.4 -33.0 -5.1 7.7 -392.2 1,583.8 1,064.7 519.1 23.2 8.9 -15.0 -547.2 2,195.9 1,536.0 659.9 0.0 -4.6 4.3 3.3 4.0 3.3 0.7 -0.1 0.0 3.1 -3.5 -3.7 0.1 -3.8 0.0 -1.5 2.0 -3.5 -3.6 0.0 -3.6 2.4 1.1 -3.0 -6.9 -0.9 -0.1 -0.8 5.7 1.8 -0.6 -0.6 7.0 -0.9 7.9 2.5 4.6 -1.2 12.7 11.9 -6.8 18.7 74 75 For 2007, BEA benchmark input-output accounts. Revised trade source data on motor vehicle unit sales and prices for 2007; revised trade source data on auto and light truck average expenditures for 2008-2011; revised trade source data on business motor vehicle registrations for 2012. For 2007, BEA benchmark input-output accounts. Revised Census Bureau ASM data for 2010; new ASM data for 2011; revised Census Bureau monthly industry shipments data for 2012. New treatments of research and development and of entertainment, literary, and artistic originals. For 2007, BEA benchmark input-output accounts. Revised Census Bureau service annual survey (SAS) revenue data for 2010 and 2011; new SAS data for 2012; new BLS occupational employment survey data for 2012. New treatment of research and development. New treatment of entertainment, literary, and artistic originals. O f which: 76 77 78 79 80 81 82 83 84 85 86 87 Brokers’ commissions and other ownership transfer costs3....... Residential equipment........................ Change in private inventories..................... Farm....................................................... Nonfarm.................................................. Change in book value......................... Mining, utilities, and construction.... Manufacturing................................. Wholesale trade............................. Merchant wholesale.................... Nonmerchant wholesale.............. Retail trade..................................... New treatment of ownership transfer costs. O f which: 88 89 90 91 92 93 94 Retail motor vehicle dealers.... Other industries.............................. IVA...................................................... Net exports of goods and services2........... Exports....................................................... Goods..................................................... Services................................................. Revised BEA international transactions accounts data for 1999-2012. Of which: 95 Royalties and license fees............... 97.8 98.4 124.2 13.2 0.0 0.0 0.3 -0.1 -0.7 96 Other private services..................... 211.6 237.3 294.5 -10.8 0.0 0.0 0.7 9.4 19.1 97 98 Imports....................................................... Goods..................................................... 2,375.5 2,000.3 1,976.0 1,587.3 2,743.1 2,295.4 0.7 -0.4 -0.1 0.1 -0.2 -0.2 5.9 4.2 7.6 5.4 -0.9 3.5 75.5 90.6 -10.7 0.2 0.0 4.4 5.5 4.5 Reclassification of distribution rights for film and television recordings from exports of “other” private services. Reclassification of distribution rights for film and television recordings to exports of rents and royalties. Improved methodology for estimating expenditures by seasonal, border, and other short-term workers for 2003-2012. New BEA 2011 Benchmark Survey of Transactions in Selected Services and Intangible Assets with Foreign Persons data for 2011; corrected reporting and new data from major companies for 2011 and 2012. O f which: 99 Other.............................................. 85.1 100 101 Services................................................. Government consumption expenditures and gross investment.............................. Federal....................................................... 375.3 388.7 447.7 1.3 -0.1 0.0 1.7 2.3 -4.4 2,801.9 1,049.8 3,089.1 1,217.7 3,167.0 1,295.7 127.7 73.5 125.1 75.5 121.9 74.1 116.5 80.8 98.9 82.0 104.2 81.4 National defense.................................... Consumption expenditures.................. 678.7 526.1 788.3 613.3 817.1 652.0 16.4 -49.3 16.3 -50.5 12.3 -51.1 15.1 -49.3 15.0 -49.3 8.0 -51.6 201.5 228.8 248.6 -36.8 -40.2 -45.0 -46.0 -49.4 -55.3 New treatment of defined benefit pension plans. 129.9 156.5 18.6 152.7 10.0 70.8 71.9 6.5 65.4 144.6 192.8 19.5 175.0 17.1 86.0 71.8 6.8 65.0 161.1 190.9 20.0 165.1 8.4 86.2 70.5 7.7 62.9 52.5 -48.2 16.5 65.8 -0.1 56.0 -49.2 17.1 66.8 0.0 58.1 -47.1 17.1 63.5 0.0 60.2 -46.2 17.3 64.3 0.0 62.1 -43.6 18.3 64.3 -0.1 62.6 -39.8 17.7 59.5 -0.1 New treatment of research and development. New treatment of research and development. New treatment of research and development. 102 103 104 Reallocation of adjustments for low-value imports and for inland freight in Canada and Mexico. Revised allocations of FY 2011 and FY 2012 OMB Budget data for 2010-2012; preliminary FY 2013 OMB Budget data for 2012. Of which: 105 106 107 108 109 110 111 112 113 114 Compensation of general government employees........... Consumption of general government fixed capital......... Services..................................... Less: Own-account investment.... Gross investment................................ Structures........................................ Intellectual property products3........ Software3................................... Research and development3...... See the footnotes and abbreviations at the end of the table. New treatment of research and development. 42 Improved NIPA Estimates September 2013 Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2007-2012—Continues Billions of dollars Line NIPA component Revised level 2007 2009 Major source data and conceptual and statistical changes incorporated' Revision in level 2012 2007 2008 2009 2012 429.4 320.4 478.6 359.7 128.1 146.7 162.5 -13.3 -13.7 -14.6 -15.0 -14.4 -16.1 New treatment of defined benefit pension plans. 76.9 62.7 14.2 98.8 11.4 16.1 71.3 14.2 57.2 1,752.2 1,411.4 83.5 81.4 15.4 109.0 12.0 17.7 79.3 15.0 64.3 1,871.4 1,508.4 94.3 91.0 15.1 118.9 14.2 19.5 85.3 17.2 68.0 1,871.3 1,536.4 48.0 -25.2 11.6 58.3 0.3 50.6 -27.6 11.7 60.6 0.0 51.9 -27.8 12.3 63.9 -0.1 55.1 -30.9 12.4 68.3 -0.6 57.6 -33.6 12.6 70.6 0.6 58.6 -27.4 12.1 69.8 1.3 New treatment of research and development. New treatment of research and development. New treatment of research and development. 54.3 42.5 49.6 39.5 47.8 35.1 35.8 22.1 17.0 -0.6 22.8 5.6 Compensation of general government employees............... 1,065.5 1,141.9 1,178.5 83.8 83.6 85.5 99.7 93.6 90.4 New treatment of defined benefit pension plans. Improved estimates of employers’ contributions to defined contribution pension plans. Improved measures of wages paid by Indian tribal governments. 131 Consumption of general government fixed capital................................. Nondurable goods........................... 144.7 207.1 162.1 212.0 178.8 247.8 7.8 -2.9 9.3 -5.2 9.9 0.5 10.2 -9.8 10.4 -16.4 10.7 -12.7 132 Services......................................... 346.8 372.8 370.9 -16.2 -19.2 -30.4 -41.2 -43.6 -37.0 133 134 Less: Own-account investment....... Less: Sales to other sectors............ O f which: 33.6 343.0 36.2 369.4 35.2 428.2 12.0 18.1 12.9 15.9 13.1 16.6 13.4 22.2 14.0 29.2 14.2 30.6 New treatment of research and development. New treatment of research and development. For 2007, BEA benchmark input-output accounts. Revised Census Bureau government finances FY 2006-FY 2010 tabulations for 2005-2010; new government finances FY 2011 tabulations for 2010 and 2011. New treatment of research and development. For 2007, BEA benchmark input-output accounts. Revised Census Bureau government finances FY 2006-FY 2010 tabulations for 2005-2010; new government finances FY 2011 tabulations for 2010 and 2011. New treatment of research and development. 135 Other sales.............................. 123.5 123.3 137.6 15.4 13.6 13.4 15.8 18.4 18.2 136 137 Gross investment.................................... Structures........................................... 340.8 271.2 363.0 289.8 334.9 262.7 11.8 2.8 10.0 0.3 12.7 2.1 13.7 4.5 17.5 9.5 17.2 10.8 43.9 41.1 44.5 25.8 28.7 31.2 11.7 13.4 12.2 14.1 16.5 17.8 14,480.3 14,417.9 16,244.6 20.2 72.2 -17.0 14,460.1 14,345.7 16,261.6 7,908.8 7,795.7 8,620.0 6,405.7 6,260.1 6,935.1 6,390.9 6,246.8 6,920.5 14.7 14.6 13.3 1,503.1 1,535.6 1,684.9 1,034.6 1,026.1 1,122.9 54.6 58.3 57.3 3,307.0 3,213.9 4,033.2 3,323.5 3,234.5 4,060.9 -16.4 -27.7 -20.6 2,264.4 2,368.4 2,542.9 1,865.0 1,925.7 2,049.3 451.6 32.2 419.4 45.8 -16.9 -27.9 4.6 62.7 7.4 0.0 -130.5 -125.8 -4.6 496.9 388.8 428.8 101.4 327.2 10.9 -13.0 -18.1 0.0 23.9 3.3 -0.3 -196.5 -191.3 -5.2 509.3 394.0 444.2 -46.1 490.3 -11.5 -23.1 -18.1 0.0 11.6 2.9 -1.4 -4.5 0.6 -5.0 502.1 382.9 459.4 19.8 439.6 -1.9 -26.1 -27.3 1.2 24.4 2.1 -1.1 -70.0 -66.6 -3.4 508.2 383.6 458.1 -85.6 543.7 -16.6 -22.5 -22.9 0.4 5.9 -0.8 -1.6 43.6 40.8 2.7 515.8 387.0 559.8 -57.2 617.0 19.6 21.6 20.5 1.1 -2.0 -7.1 -3.5 69.8 63.5 6.3 531.2 401.5 272.4 275.7 278.0 283.9 285.9 327.7 300.4 337.4 Nondefense............................................ Consumption expenditures.................. 61.8 -2.1 2011 371.0 272.3 115 116 59.2 -1.5 2010 57.0 -1.2 65.8 -2.6 66.9 -3.6 73.5 3.7 Of which: 117 118 119 120 121 122 123 124 1?“i 126 127 128 Compensation of general government employees........... Consumption of general government fixed capital......... Services...................................... Less: Own-account investment.... Gross investment................................. Structures....................................... State and local............................................. Consumption expenditures...................... New treatment of research and development. O f which: 129 130 138 139 140 141 142 Gross domestic product.................................. 143 Less: Statistical discrepancy4............................. 144 Equals: Gross domestic income...................... 145 Compensation of employees, paid.................. 146 Wages and salaries..................................... 147 To persons.............................................. To the rest of the world............................ 148 149 Supplements to wages and salaries............ 150 Taxes on production and imports..................... Less: Subsidies.............................................. 151 152 Net operating surplus...................................... 153 Private enterprises...................................... 154 Current surplus of government enterprises Consumption of fixed capital............................ 155 Private........................................................ 156 Domestic business.................................. Capital consumption allowances 1,451.2 1,330.0 159 Less: CCAdj....................................... 160 Households and institutions.................... 161 Government................................................ 162 Plus: Income receipts from the rest of the world2 163 Less: Income payments to the rest of the world2 157 158 See the footnotes and abbreviations at the end of the table. New treatment of research and development. For 2007, BEA benchmark input-output accounts. Revised Census Bureau government finances FY 2006-FY 2010 tabulations for 2005-2010; new government finances FY 2011 tabulations for 2010 and 2011. Revised Census Bureau government finances FY 2006-FY 2010 tabulations for 2005-2010; new government finances FY 2011 tabulations for 2010 and 2011; revised Census Bureau construction spending (value put in place) data for 2011 and 2012. New treatment of research and development. 1,522.4 1,558.6 1,639.4 1,595.0 260.5 242.8 274.0 259.5 -121.2 36.2 -44.4 -17.6 -14.5 3.3 5.9 41.9 37.0 413.7 403.3 409.9 128.2 120.0 110.6 105.6 101.2 101.1 399.4 875.5 749.1 442.7 643.7 496.5 493.6 818.6 565.7 108.1 4.5 1.4 115.3 0.7 -3.1 119.2 1.3 -2.4 124.6 3.5 6.9 128.7 19.1 10.3 129.7 36.3 26.4 See entries under Compensation of employees, line 167. New treatments of research and development, of entertainment, literary, and artistic originals, and of ownership transfer costs. Revised BEA fixed investment and price estimates for 2001-2012. New treatments of research and development, of entertainment, literary, and artistic originals, and of ownership transfer costs. Improved measures of IRS section 179 expensing for sole proprietorships. Revised IRS tabulations of corporate tax return data for 2001-2010; new IRS tabulations of corporate and of sole proprietorship and partnership tax return data for 2011; revised Office of Tax Analysis bonus depreciation estimates for 2012; revised BEA fixed investment estimates for 2001-2012. CCAdj is calculated as capital consumption allowances less consumption of fixed capital. New treatments of research and development and of ownership transfer costs. Revised BEA fixed investment and price estimates for 2001-2012. New treatment of research and development. Revised BEA international transactions accounts data for 1999-2012. Revised BEA international transactions accounts data for 1999-2012. September 2013 S urvey of 43 C u r r e n t B u s in e s s Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2007-2012—Continues Billions of dollars Line NIPA component Revised level 2007 2009 2012 164 Equals: Gross national income....................... 14,586.6 14,492.9 16,514.5 165 .ess: Consumption of fixed capital..................... 2,264.4 2,368.4 2,542.9 166 Equals: National income.................................. 12,322.3 12,124.5 13,971.6 167 Compensation of employees........................ 7,899.1 7,787.8 8,611.6 168 Wages and salaries.................................... 6,396.0 6,252.2 6,926.8 Government............................................ 169 1,088.8 1,175.1 1,197.3 170 Other...................................................... 5,307.2 5,077.1 5,729.4 171 172 Major source data and conceptual and statistical changes incorporated1 Revision in level 2007 2008 422.7 496.9 -74.1 43.2 -19.5 -0.2 -19.2 331.1 509.3 -178.3 10.9 -13.1 0.0 -13.1 2009 2010 2011 2012 494.0 502.1 -8.1 -11.6 -23.1 -0.1 -23.0 436.2 508.2 -71.9 -2.7 -27.1 -0.2 -26.9 552.6 515.8 36.8 -16.7 -22.6 -0.9 -21.7 626.9 531.2 95.7 18.7 20.8 -4.2 24.9 Supplements to wages and salaries............ Employer contributions for employee pension and insurance funds.............. 1,503.1 1,535.6 1,684.9 62.7 23.9 11.6 24.4 5.9 -2.0 1,041.4 1,077.5 1,170.6 60.9 22.7 10.3 23.1 6.4 -1.5 174 175 176 177 178 179 Employer contributions for government social insurance.................................. Proprietors’ income with IVA and CCAdj.... Farm........................................................... Proprietors’ income with IVA................... CCAdj..................................................... Nonfarm...................................................... Proprietors’ income................................ 461.7 979.2 38.1 44.2 -6.1 941.1 865.5 458.1 973.0 35.5 41.8 -6.4 937.5 796.8 514.3 1,224.9 75.4 81.3 -5.9 1,149.6 1,004.9 1.8 -111.2 0.3 0.3 0.0 -111.5 -94.4 1.2 -71.4 -4.8 -4.8 0.0 -66.6 -47.2 1.2 -6.4 -4.4 -4.4 -0.1 -2.0 13.9 1.3 -70.7 1.7 1.7 0.0 -72.4 -55.2 -0.5 -2.2 18.0 18.0 0.0 -20.2 -10.4 -0.5 22.6 19.2 19.1 0.1 3.5 -3.2 180 181 182 183 IVA.......................................................... CCAdj..................................................... Rental income of persons with CCAdj........ Rental income of persons............................ -6.5 82.0 189.4 206.6 1.4 139.3 333.7 348.3 -1.6 146.2 541.2 555.3 0.5 -17.6 45.7 46.3 1.7 -21.1 30.5 30.6 0.4 -16.3 44.0 43.5 -0.5 -16.7 53.6 52.9 0.1 -9.8 74.7 73.9 0.4 6.2 78.6 77.9 184 185 186 187 188 189 190 191 CCAdj......................................................... Corporate profits with IVA and CCAdj......... Domestic industries.................................... Financial................................................. Nonfinancial............................................ Rest of the world2...................................... Less: CCAdj................................................... Equals: Corporate profits with IVA................... -17.2 1,529.0 1,175.6 261.0 914.6 353.4 -179.9 1,708.9 -14.6 1,392.6 1,039.8 321.7 718.1 352.8 -82.2 1,474.8 -14.1 2,009.5 1,590.5 422.0 1,168.5 418.9 -170.5 2,180.0 -0.6 18.4 15.8 -62.8 78.7 2.5 0.6 17.8 -0.1 36.7 36.6 -22.7 59.3 0.1 6.7 30.0 0.5 50.3 50.3 -7.2 57.5 0.0 19.1 31.2 0.6 38.2 44.5 -16.5 61.1 -6.4 21.9 16.1 0.7 50.7 53.1 -25.4 78.5 -2.3 51.0 -0.3 0.6 58.9 69.9 -10.3 80.2 -11.1 30.1 28.7 192 193 194 195 196 197 198 199 200 Domestic industries.................................... Financial................................................. Federal Reserve banks....................... Other financial.................................... Nonfinancial............................................ Utilities................................................ Manufacturing..................................... Durable goods................................ Nondurable goods.......................... Wholesale trade................................. Retail trade......................................... Transportation and warehousing......... Information......................................... Other nonfinancial............................... Rest of the world........................................ Less: IVA........................................................ Equals: Corporate profits before tax without IVA and CCAdj............................................ 1,355.5 301.5 36.0 265.5 1,054.0 49.5 321.9 118.9 203.0 103.2 119.0 23.9 108.4 328.2 353.4 -39.5 1,122.0 362.9 47.3 315.5 759.2 23.8 171.4 34.4 137.0 89.3 108.7 22.4 81.2 262.3 352.8 6.7 1,761.1 477.4 71.7 405.7 1,283.7 37.1 404.3 197.0 207.3 137.8 149.2 51.5 110.6 393.2 418.9 -10.0 15.3 -44.0 0.0 -44.0 59.3 -0.8 50.6 22.8 27.8 3.3 1.2 -3.8 14.8 -6.0 2.5 7.7 29.9 -26.8 0.0 -26.7 56.7 -0.6 45.1 7.5 37.7 4.3 -1.3 -3.1 17.1 -4.9 0.1 7.5 31.2 -11.9 0.0 -12.0 43.2 0.7 40.4 13.3 27.1 2.7 0.7 -2.4 8.4 -7.4 0.0 3.5 22.5 -19.0 0.0 -18.9 41.5 1.9 51.4 23.2 28.2 4.0 -4.3 -3.5 8.7 -16.7 -6.4 -2.3 2.1 -24.2 0.0 -24.2 26.3 -6.6 59.0 35.3 23.7 0.0 7.2 -13.4 1.9 -22.0 -2.3 6.6 39.9 -7.3 -1.7 -5.6 47.2 -2.0 32.6 15.8 16.8 -1.5 9.2 -2.9 -1.8 13.5 -11.1 0.9 1,748.4 1,468.2 2,190.0 10.0 22.5 27.7 18.5 -6.7 27.8 173 201 202 203 204 205 206 207 208 and abbreviations at the end ot the table. See entries under Consumption of fixed capital, line 155. Updated measures of misreporting based on IRS National Research Program (NRP) data for 2006. Revised BLS quarterly census of employment and wages (QCEW) data for 2001-2011; new QCEW data for 2012. New treatment of defined benefit pension plans. New Department of Labor pension data for 2010; new DHHS medical expenditures panel survey data for 2011 and 2012. Revised USDA data for 2001-2012. New treatments of research and development, of entertainment, literary, and artistic originals, and of ownership transfer costs. Updated measures of misreporting based on IRS NRP data for 2006. Improved methodology for estimating the adjustment made to remove corporate partners’ income. Improved measures of IRS section 179 expensing for sole proprietorships. Revised IRS tabulations of corporate tax return data for the posttabulation and mining depreciation adjustments for 2010; new IRS tabulations of sole proprietorship and partnership tax return data for 2011. See entries under Consumption of fixed capital, line 155. New treatment of ownership transfer costs. Improved estimates of mortgage interest paid based on new IRS Information Returns Program data on loan discount points for 1999-2010 and on new and revised trade source data on mortgage servicing for 2005-2012. Revised FRB flow of funds accounts data on residential mortgage loan liabilities for 1980-2012; revised Census Bureau current population survey/housing vacancy survey (CPS/HVS) data for 2003-2011; new CPS/HVS data for 2012; revised IRS tabulations of corporate and of individual tax return data for 2010; new IRS tabulations for 2011; new Federal National Mortgage Corporation mortgage originations data for 2011; revised trade source data on insurance for 2010; new trade source data on insurance for 2011; revised Census Bureau government finances FY 2002-FY 2011 tabulations for 2001-2011; new FY 2012 Census Bureau annual survey of state government tax collections data for 2011 and 2012; new and revised OMB Budget data on subsidies for 2003-2012. Revised BEA international transactions accounts data for 1999-2012. See entries under Consumption of fixed capital, line 155. See entries under Corporate profits before tax without IVA and CCAdj, line 208. New treatments of research and development, of entertainment, literary, and artistic originals, of ownership transfer costs, and of defined benefit pension plans. Improved methodology for distributing the income of regulated investment companies by type. Revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations for 2011; revised Census Bureau quarterly financial report data for 2012; new and revised regulatory and public financial reports profits data for 2012. 44 Improved NI PA Estimates September 2013 Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2007-2012—Continues Billions of dollars Line NIPA component 209 212 Less: Taxes on corporate income................... Equals: Profits after ta x.................................. Less: Net corporate dividend payments......... Equals: Undistributed corporate profits.......... 213 214 215 216 Net interest and miscellaneous payments.. Net interest................................................ Domestic business................................. Monetary interest paid........................ 210 211 2009 2012 445.5 1,302.9 818.9 484.0 663.4 640.8 385.1 2,866.8 269.4 1,198.7 568.7 630.0 563.1 544.8 301.0 1,582.0 434.8 1,755.2 770.3 984.9 439.6 418.1 241.7 1,267.0 0.0 10.0 24.4 -14.4 -68.2 -72.0 2.1 33.9 0.1 22.4 21.7 0.7 -176.7 -180.6 -107.8 -105.0 0.0 27.6 14.6 13.0 -77.4 -79.7 -26.3 5.4 -2.7 21.3 -37.0 58.2 -78.5 -80.7 -41.7 -6.8 -4.8 -2.0 4.4 -6.3 -70.5 -74.4 -42.5 8.8 3,151.5 1,924.3 1,692.2 149.2 142.6 129.3 95.4 113.5 775.3 777.5 844.6 819.0 856.3 836.6 247.6 239.4 317.5 310.5 316.1 240.2 221.9 229.1 -1.7 -54.6 -12.8 -12.3 3.1 255.2 238.1 234.6 -0.2 0.2 0.0 -5.6 -16.2 31.5 250.7 -0.1 -2.2 27.6 328.4 2.9 25.6 30.2 340.3 2.4 19.7 -1.2 0.8 -1.1 0.5 -0.4 175.6 256.2 252.7 110.2 127.2 201.3 195.7 190.8 Imputed interest paid, borrower services.......................................... -73.3 -67.1 -73.0 23.1 6.8 39.7 56.6 63.2 Less: Imputed interest received, borrower services............................ Owner-occupied housing......................... Monetary interest paid......................... -143.5 460.6 510.9 -122.1 430.1 467.8 -136.2 324.8 361.9 40.7 -78.3 -80.8 15.2 -76.9 -74.9 83.8 -58.7 -75.4 132.0 -45.5 -76.1 147.7 -46.0 -79.6 Imputed interest paid, borrower services........................................... -48.9 -36.5 -35.8 2.6 -2.1 16.6 30.6 33.6 Less: Monetary interest received. 218 Imputed interest paid, depositor, insurance, and pension services3... Financial........................................ Banks, credit agencies, and investment companies............ 221 Life insurance carriers................ 222 Property and casualty insurance companies.............................. Employee pension plans3.......... Other3....................................... Nonfinancial3................................ Less: Imputed interest received, depositor, insurance, and pension services......................................... 223 224 225 226 227 228 229 230 231 232 Major source data and conceptual and statistical changes incorporated1 Revision in level 2007 217 219 220 Revised level 2007 2008 2009 2010 2011 2012 -14.5 42.3 -9.6 51.9 -64.7 -68.1 Improved methodology for distributing the income of regulated investment companies by type. Revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations of corporate and of sole proprietorship and partnership tax return data for 2011; revised FRB flow of funds accounts data on nonfinancial corporate liabilities for 2010 and 2011; new FRB data for 2012; revised USDA interest data for 2010 and 2011; new FDIC data for 2012; new trade source data on credit unions and on investment companies for 2012. New treatment of defined benefit pension plans. Revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations of corporate and of sole proprietorship and partnership tax return data for 2011; revised FRB flow of funds accounts data on nonfinancial corporate liabilities for 2010 and 2011; new FRB data for 2012; revised USDA interest data for 2010 and 2011; new USDA data for 2012; new FDIC data for 2012; new trade source data on credit unions and on investment companies for 2012. Improved estimates of implicit services of commercial banks. Revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations for 2011; new FDIC data for 2012; new trade source data on credit unions and on investment companies for 2012. New trade source data on investment income of life insurance carriers for 2011; revised FRB flow of funds accounts data on life insurance company assets for 2010 and 2011; new FRB data for 2012. New treatment of defined benefit pension plans. New treatment of defined benefit pension plans. New treatment of defined benefit pension plans. New treatment of defined benefit pension plans. Improved estimates of implicit services of commercial banks. Revised FRB flow of funds accounts data for 2010 and 2011; new flow of funds accounts data for 2012; revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations for 2011; new FDIC data for 2012. Improved estimates of implicit services of commercial banks. Improved estimates of mortgage interest paid. Revised FRB flow of funds accounts data for 2010 and 2011; new FRB data for 2012. Improved estimates of implicit services of commercial banks. Improved estimates of mortgage interest paid. Revised FRB flow of funds accounts data on residential mortgage liabilities for 2010-2012. Improved estimates of implicit services of commercial banks. Improved estimates of mortgage interest paid. Revised FRB flow of funds accounts data for 2010 and 2011; new FRB data for 2012. Less: Imputed interest received, 233 234 depositor, insurance, and pension services.......................................... Nonprofit institutions................................ Rest of the world2................................... 1.4 12.3 -217.3 1.2 11.5 -197.8 1.3 9.4 -157.7 0.0 0.9 3.2 0.0 0.4 3.7 0.0 1.7 3.6 0.0 2.6 3.9 0.0 2.7 11.3 235 236 237 238 239 240 241 242 243 244 Miscellaneous payments............................. Taxes on production and im ports................ Federal........................................................ State and local............................................. Less: Subsidies............................................ Federal........................................................ State and local............................................. Business current transfer payments (net)... To persons (net)........................................... To government (net)..................................... 22.6 1,034.6 94.6 940.0 54.6 47.5 7.1 98.6 30.6 62.0 18.2 1,026.1 91.4 934.8 58.3 56.9 1.4 127.2 38.7 90.7 21.5 1,122.9 118.0 1,004.9 57.3 56.8 0.5 106.9 41.4 70.6 3.8 7.4 0.1 7.3 0.0 0.1 0.0 -4.7 0.1 -4.8 3.9 3.3 0.0 3.3 -0.3 -0.3 0.0 -6.6 -0.2 -6.4 2.3 2.9 0.0 3.0 -1.4 -1.4 0.0 -6.2 -0.9 -5.3 2.1 2.1 1.3 0.9 -1.1 -1.1 0.0 -11.5 -4.4 -7.3 3.9 -0.8 1.2 -1.9 -1.6 -1.7 0.0 -3.0 1.8 -4.7 3.4 -7.1 2.0 -9.1 -3.5 -3.6 0.0 -21.1 -4.5 -13.8 245 246 247 248 To the rest of the world (net)........................ Current surplus of government enterprises Federal........................................................ State and local............................................ 6.0 -16.4 2.0 -18.5 -2.3 -20.6 0.8 -21.4 -5.1 -27.7 -13.4 -14.3 0.0 -4.6 4.7 -9.4 0.0 -5.2 4.5 -9.7 0.0 -5.0 5.3 -10.3 0.2 -3.4 3.9 -7.3 -0.1 2.7 5.4 -2.7 -2.7 6.3 4.4 2.0 the footnotes and abbreviations at the end of the table. Improved estimates of implicit services of commercial banks. Revised BEA international transactions accounts data for 1999-2012. Reclassification of certain federal transfer receipts as rents and royalties and transfers to the rest of the world (net). New treatment of defined benefit pension plans. Revised Census Bureau government finances FY 2006-FY 2010 tabulations for 2005-2010; new government finances FY 2011 tabulations for 2010 and 2011. September 2013 S urvey of C u r r e n t B u s in e s s 45 Table A. Selected Components Detail and Major Source Data and Conceptual and Statistical Changes Incorporated, 2007-2012—Table Ends Billions of dollars Line NIPA component Revised level 2007 2009 249 250 251 252 253 254 255 256 Addenda: Gross national product.................................... Gross saving..................................................... Personal income............................................... Compensation of employees........................... Proprietors’ income with IVA and CCAdj......... Rental income of persons with CCAdj............. Personal income receipts on assets................ Personal interest income............................ 257 Personal dividend income.......................... 816.5 547.9 258 259 260 261 262 Personal current transfer receipts.................... Government social benefits to persons....... Federal................................................... State and local........................................ Other current transfer receipts, from business (net)......................................... Less: Contributions for government social insurance, domestic.................................... Federal....................................................... State and local............................................ Less: Personal current taxes.............................. Federal........................................................... State and local................................................ 1,722.8 1,692.2 1,258.9 433.3 263 264 265 266 267 268 269 Equals: Disposable personal income.................. 270 Less: Personal outlays........................................ 271 Personal consumption expenditures................ 272 Personal interest payments............................ 273 Personal current transfer payments................. 274 To government............................................ 275 To the rest of the world (net)........................ 276 Equals: Personal saving..................................... 2007 2008 2009 2010 2011 2012 454.9 459.0 83.4 36.9 -111.2 45.7 109.6 85.0 432.5 373.7 -29.6 5.9 -71.4 30.5 1.7 -20.4 447.9 515.9 215.1 -6.6 -6.4 44.0 185.3 170.6 456.0 484.3 113.3 -2.7 -70.7 53.6 141.3 178.4 467.1 623.9 244.0 -16.7 -2.2 74.7 199.5 195.3 569.6 651.8 312.7 18.7 22.6 78.6 208.8 219.0 746.9 24.6 22.0 14.7 -37.1 4.2 -10.1 2,140.2 2,101.5 1,608.9 492.6 2,358.3 2,316.8 1,772.5 544.3 4.3 4.3 4.7 -0.4 4.8 4.9 6.2 -1.3 0.1 1.0 3.5 -2.5 -7.4 -2.9 1.5 -4.5 -12.3 -14.0 -7.6 -6.5 -16.8 -12.4 -2.5 -9.9 30.6 38.7 41.4 0.1 -0.2 -0.9 -4.4 961.4 942.5 18.9 1,487.9 1,164.4 323.5 964.4 945.8 18.6 1,144.9 857.2 287.8 950.7 933.2 17.5 1,498.0 1,149.2 348.8 1.9 1.9 0.0 -0.8 -1.2 0.4 0.9 1.3 -0.3 -0.5 0.4 -0.9 1.3 1.6 -0.4 0.3 0.2 0.2 0.8 1.1 -0.3 -3.3 -0.4 -3.0 -1.1 -1.1 4.2 -0.8 -0.8 0.0 17.6 4.6 13.0 10,507.9 10,937.2 12,245.8 10,190.6 10,266.5 11,558.4 9,744.4 9,842.9 11,149.6 305.9 273.9 248.4 84.3 15.7 -27.9 45.0 -29.1 11.8 -30.0 44.0 214.8 52.2 -3.0 56.8 116.6 49.1 -13.8 67.0 238.1 59.2 -17.2 80.0 295.0 98.1 30.0 75.7 -1.4 -1.4 0.0 68.5 -2.1 -2.1 0.0 -41.0 -1.7 -1.7 0.0 162.5 -4.0 -3.5 -0.5 67.5 -3.4 -3.6 0.2 178.8 -7.6 -3.0 -4.5 196.9 14,606.8 14,565.1 16,497.4 2,506.7 2,071.7 2,672.2 11,995.7 12,082.1 13,743.8 7,899.1 7,787.8 8,611.6 979.2 973.0 1,224.9 189.4 333.7 541.2 2,166.6 1,811.8 1,958.5 1,350.1 1,263.9 1,211.6 140.3 81.0 59.3 317.2 149.6 83.5 66.1 670.7 160.4 88.5 71.9 687.4 1. In these descriptions, “new" indicates this is the first time that data from the specific source are being incor porated into the component estimate for the given year, and “revised” indicates that data from the specific source were incorporated previously, and now revised data from that source are being incorporated. 2. Revisions reflect the annual revision of BEA's international transactions accounts (ITAs). The revised ITA estimates were incorporated into the NIPAs at their “best level” for 2010-2012. As a result, there are differences between the NIPA estimates and the ITA estimates for 1999-2009. For more information on the revisions to the International Transactions Accounts, see Barbara H. Berman and Jeffrey R. Bogen, Annual Revision of the U .S . International Transactions Accounts, S urvey 93 (July 2013): 43-54. Additionally, revised estimates for 1999-2007 reflect changes previously incorporated into the ITAs but not into the NIPAs because they affected years outside of the periods open for revision, including the reclassification of distribution rights for film and tele vision recordings and the reallocation of adjustments for low-value imports and for inland freight in Canada and Mexico; these changes were incorporated in the previously published NIPA estimates for 2008-2012. 3. Revisions are not shown because this component was not previously published. 4. The statistical discrepancy is gross domestic product (GDP) less gross domestic income (GDI); it is also the difference between gross national product (GNP) and gross national income (GNI), which is GDI plus net income receipts from the rest of the world. The statistical discrepancy arises because the product-side measures of GDP and GNP are estimated independently from the income-side measures of GDI and GNI. N o t e . The new treatments of research and development, of entertainment, literary, and artistic originals, of ownership transfer costs, and of defined benefit pension plans begin with the estimates for 1929. The improved estimates of employers’ contributions to state and local government-sponsored defined contribution pension plans begin with 1966. The improved measures of IRS section 179 expensing for sole proprietorships begin with the estimates for 1982. The improved estimates of the implicit services of commercial banks begin with 1985. The improved measures of wages paid by Indian tribal governments begin with the estimates for Major source data and conceptual and statistical changes incorporated1 Revision in level 2012 See entries under National income and additional sources below. New treatment of defined benefit pension plans. Improved estimates of implicit services of commercial banks. Improved methodology for distributing the income of regulated investment companies by type. Revised FRB flow of funds accounts data for 2010 and 2011; new FRB data for 2012; revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations of corporate and of sole proprietorship and partnership tax return data for 2011; new trade source data on investment income of life insurance carriers for 2011; new FDIC data for 2012; new trade source data on credit unions and on investment companies for 2012. Improved methodology for distributing the income of regulated investment companies by type. Revised IRS tabulations of corporate tax return data for 2010; new IRS tabulations for 2011; new and revised regulatory agency and public financial statements data on dividends for 2012; revised BEA international transactions accounts data for 1999-2012. -4.5 Revised Census Bureau government finances FY 2006-FY 2011 tabulations for 2005-2011; new government finances FY 2012 tabulations for 2011 and 2012. Improved estimates of implicit services of commercial banks and of mortgage interest paid. Improved treatment for the derivation of monetary interest paid on consumer loans. Revised FRB interest rate data for 1980-2012; revised FRB flow of funds accounts data for 2010 and 2011; new flow of funds accounts data for 2012; revised FRB consumer credit outstanding data for 2010-2012; new FDIC data for 2012. 1990. The improved methodology for distributing the income of regulated investment companies by type begins with the estimates for 1992. The improved classifications of wind and solar power structures, the improved methodology for estimating the adjustment made to remove corporate partners’ income from nonfarm proprietors’ income, and the improved estimates of mortgage interest paid begin with 1993. Updated measures of misreporting begin with the estimates for 2002. The improved treatment for the derivation of monetary interest paid on consumer loans begins with the estimates for 1980. For more information on the changes in definitions and in methodologies that were introduced as part of the 2013 comprehensive revision of the NIPAs, see “Preview of the 2013 Comprehensive Revision of the National Income and Product Accounts: Changes in Definitions and Presentations,” S urvey 93 (March 2013): 13-39 and Nicole M. Mayerhauser and Sarah J. Pack, “Preview of the 2013 Comprehensive Revision of the National Income and Product Accounts: Statistical Changes,” S urvey 93 (May 2013): 6-14. BEA Bureau of Economic Analysis BLS Bureau of Labor Statistics CCAdj Capital consumption adjustment DHHS Department of Health and Human Services FDIC Federal Deposit Insurance Corporation FRB Federal Reserve Board FY Fiscal year IRS Internal Revenue Service IVA Inventory valuation adjustment NIPA National income and product account OMB Office of Management and Budget USDA U.S. Department of Agriculture September 2013 46 National Income and Product Accounts Tables This set of national income and product accounts (NIPAs) tables presents the most recent estimates of gross domestic product and its com ponents which were released on August 29, 2013. These estimates include the second estimates for the second quarter of 2013. Tables in this section also include estimates from the 2013 comprehensive revision of the NIPAs that were released beginning on July 31, 2013. The tables present revised annual estimates for 2009-2012, revised quarterly estimates for the first quarter of 2010 through the second quarter of 2013, and revised m onthly estimates for January 2009 through June June 2013 2013 and and prelim preliminary inary estimates estimates for for Juh July through 2013. For additional inform ation, see the article “Improve< Estimates of the National Income and Product Accounts Results of the 2013 Comprehensive Revision” in thi issue. issue. All All currently currently available available NIPA NIPA series series estimates estimates are are oi on BEA’s BEA’s Web Web site site at at www.bea.gov. www.bea.gov. Some tables from the comprehensive revision will bbe released released on on the the BEA BEA Web Web site site and and printed printed in in subsequen subsequent issues of the S u r vey of C u r r e n t B u sin e s s . Summary Tables A. Summary National Income and Product Accounts, 2012....................................................................................... 52 1. Dom estic Product and Income 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product ....54 1.1.2. 1.1.3. 1.1.4. 1.1.5. 1.1.6. 1.1.7. 1.1.8. 1.1.9. 1.1.10. 1.1.11. 1.2.1. 1.2.2. 1.2.3. 1.2.4. 1.2.5. Contributions to Percent Change in Real Gross Domestic Product Real Gross Domestic Product, Quantity Indexes Price Indexes for Gross Domestic Product Gross Domestic Product Real Gross Domestic Product, Chained Dollars Percent Change From Preceding Period in Prices for Gross Domestic Product Contributions to Percent Change in the Gross Domestic Product Price Index Implicit Price Deflators for Gross Domestic Product Percentage Shares of Gross Domestic Product Real Gross Domestic Product: Percent Change From Quarter One Year Ago Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product Real Gross Domestic Product by Major Type of Product, Quantity Indexes Price Indexes for Gross Domestic Product by Major Type of Product Gross Domestic Product by Major Type of Product ....54 ....55 ....55 ....56 ....56 ....57 ....57 ....58 ....58 ....59 ....60 ....60 ....61 ....61 ....62 ....62 ....63 ....63 ....63 ....64 ....64 1.2.6. Real Gross Domestic Product by Major Type of Product, Chained Dollars 1.3.1. Percent Change From Preceding Period in Real Gross Value Added by Sector 1.3.3. Real Gross Value Added by Sector, Quantity Indexes 1.3.4. Price Indexes for Gross Value Added by Sector 1.3.5. Gross Value Added by Sector 1.3.6. Real Gross Value Added by Sector, Chained Dollars 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers................................................................................................................... 1.4.3. 1.4.4. Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Quantity Indexes......................................................................................................................................................... Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers 64 65 65 September 2013 1.4.5. 1.4.6. S urvey of C u r r e n t B u s in e s s 47 1.5.1. Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers ...65 Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars ...65 Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail ...66 1.5.2. 1.5.3. Contributions to Percent Change in Real Gross Domestic Product, Expanded D etail Real Gross Domestic Product, Expanded Detail, Quantity Indexes ...67 ...68 ...69 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail 1.5.5. Gross Domestic Product, Expanded Detail ...70 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars ...71 1.6.4. Price Indexes for Gross Domestic Purchases............................................................................................................. ...72 1.6.7. Percent Change From Preceding Period in Prices for Gross Domestic Purchases ...73 1.6.8. Contributions to Percent Change in the Gross Domestic Purchases Price Index ...74 1.7.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross National Product, and Real Net National Product..............................................................................................................................................75 1.7.3. Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes 75 1.7.4. Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product ...75 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income ...76 1.7.6. Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Chained Dollars........................................................................................................................................................... ...77 ...77 1.8.3. Command-Basis Real Gross Domestic Product and Gross National Product, Quantity Indexes 1.8.6. Command-Basis Real Gross Domestic Product and Gross National Product, Chained Dollars ...78 1.9.3. Real Net Value Added by Sector, Quantity Indexes ...79 1.9.4. Price Indexes for Net Value Added by Sector ...79 ...79 1.9.5. Net Value Added by Sector 1.9.6. Real Net Value Added by Sector, Chained Dollars ...79 1.10. Gross Domestic Income by Type of Incom e ...80 1.11. Percentage Shares of Gross Domestic Income ...80 ...81 1.12. National Income by Type of Incom e 1.13. National Income by Sector, Legal Form of Organization, and Type of Income ...82 1.14. Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial Domestic Corporate Business in Current and Chained Dollars ...83 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business.... ...84 1.16. Sources and Uses of Private Enterprise Income ...84 1.17.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Income, and Other Major NIPA Aggregates ...85 1.17.5. Gross Domestic Product, Gross Domestic Income, and Other Major NIPA Aggregates ...85 1.17.6. Real Gross Domestic Product, Real Gross Domestic Income, and Other Major NIPA Aggregates, Chained Dollars ...86 2. P e rs o n a l In c o m e a n d O u tla y s 2.1. 2.2B. 2.3.1. 2.3.2. 2.3.3. 2.3.4. 2.3.5. 2.3.6. Personal Income and Its Disposition Wages and Salaries by Industry Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes Price Indexes for Personal Consumption Expenditures by Major Type of Product Personal Consumption Expenditures by Major Type of Product Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars .. 87 .. 88 .. 88 .. 89 ...90 ...91 ...92 .... 93 48 2.3.7. 2.4.3. 2.4.4. 2.4.5. 2.4.6. 2.5.3. 2.5.4. 2.5.5. 2.5.6. 2.6. 2.7B. 2.8.1. 2.8.3. 2.8.4. 2.8.5. 2.8.6. 2.8.7. 2.9. National Income and Product Accounts Tables September 2013 Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major Type of Product........................................................................................................................................................................ Real Personal Consumption Expenditures by Type of Product, Quantity Indexes.............................................. Price Indexes for Personal Consumption Expenditures by Type of Product........................................................ Personal Consumption Expenditures by Type of Product..................................................................................... Real Personal Consumption Expenditures by Type of Product, Chained Dollars............................................... Real Personal Consumption Expenditures by Function, Quantity Indexes.......................................................... Price Indexes for Personal Consumption Expenditures by Function.................................................................... Personal Consumption Expenditures by Function................................................................................................. Real Personal Consumption Expenditures by Function, Chained Dollars............................................................ Personal Income and Its Disposition, Monthly....................................................................................................... Wages and Salaries by Industry, Monthly................................................................................................................. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product, Monthly....................................................................................................................................................... Real Personal Consumption Expenditures by Major Type of Product, Monthly, Quantity Indexes................. Price Indexes for Personal Consumption Expenditures by Major Type of Product, M onthly............................ Personal Consumption Expenditures by Major Type of Product, Monthly......................................................... Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars................... Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major Type of Product, Monthly....................................................................................................................................................... Personal Income and Its Disposition by Households and by Nonprofit Institutions Serving Households....... 94 95 96 97 98 99 100 101 102 103 108 109 110 Ill 112 113 114 * 3. G o v e rn m e n t C u r r e n t R ece ip ts a n d E x p e n d itu re s 3.1. 3.2. 3.3. 3.4. 3.5. 3.6. 3.7. 3.8. 3.9.1. Government Current Receipts and Expenditures................................................................................................... Federal Government Current Receipts and Expenditures...................................................................................... State and Local Government Current Receipts and Expenditures......................................................................... Personal Current Tax Receipts.................................................................................................................................. Taxes on Production and Im ports............................................................................................................................ Contributions for Government Social Insurance................................................................................................... Government Current Transfer Receipts.................................................................................................................... Current Surplus of Government Enterprises.......................................................................................................... Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment................................................................................................................................................................... 3.9.2. Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment.... 3.9.3. Real Government Consumption Expenditures and Gross Investment, Quantity Indexes.................................. 3.9.4. Price Indexes for Government Consumption Expenditures and Gross Investment............................................ 3.9.5. Government Consumption Expenditures and Gross Investment.......................................................................... 3.9.6. Real Government Consumption Expenditures and Gross Investment, Chained Dollars................................... 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and General Government Gross O u tp u t....................................................................................................................................... 3.10.3. 3.10.4. 3.10.5. 3.10.6. 3.11.1. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes.... Price Indexes for Government Consumption Expenditures and General Government Gross O utput............. Government Consumption Expenditures and General Government Gross O utput........................................... Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars..... Percent Change From Preceding Period in Real National Defense Consumption Expenditures and Gross Investment by Type.................................................................................................................................................... 3.11.3. Real National Defense Consumption Expenditures and Gross Investment by Type, Quantity Indexes............ 3.11.4. Price Indexes for National Defense Consumption Expenditures and Gross Investment by Type...................... * This table is scheduled to be published in an upcoming issue. Please see the introduction. 115 116 117 118 118 118 119 119 119 120 121 122 123 124 125 126 127 128 129 130 131 132 September 2013 S urvey of 49 C u r r e n t B u s in e s s 3.11.5. 3.11.6. 3.12. 3.13. 3.14. 3.15.1. National Defense Consumption Expenditures and Gross Investment by Type................................................... Real National Defense Consumption Expenditures and Gross Investment by Type, Chained Dollars............. Government Social Benefits...................................................................................................................................... Subsidies..................................................................................................................................................................... Government Social Insurance Funds Current Receipts and Expenditures............................................................. Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment by Function............................................................................................................................................... 3.15.2. Contributions to Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment by Function............................................................................................................................. 3.15.3. Real Government Consumption Expenditures and Gross Investment by Function, Quantity Indexes.............. 133 134 135 135 135 * * * 3.15.4. Price Indexes for Government Consumption Expenditures and Gross Investment by Function......................... * 3.15.5. Government Consumption Expenditures and Gross Investment by Function...................................................... * 3.15.6. Real Government Consumption Expenditures and Gross Investment by Function, Chained Dollars............... * 3.16. Government Current Expenditures by Function...................................................................................................... 3.17. Selected Government Current and Capital Expenditures by Function.................................................................. 3.18B. Relation of Federal Government Current Receipts and Expenditures in the National Income and Product Accounts to the Budget, Fiscal Years and Quarters................................................................................................... 3.19. Relation of State and Local Government Current Receipts and Expenditures in the National Income and Product Accounts to Census Bureau Government Finances Data, Fiscal Years....................................................... 3.20. State Government Current Receipts and Expenditures............................................................................................ 3.21. Local Government Current Receipts and Expenditures........................................................................................... 3.22. Federal Government Current Receipts and Expenditures, Not Seasonally Adjusted............................................. 3.23. State and Local Government Current Receipts and Expenditures, Not Seasonally Adjusted................................ * * * * * * * * 4. F o re ig n T ra n s a c tio n s 4.1. 4.2.1. 4.2.2. 4.2.3. 4.2.4. 4.2.5. 4.2.6. 4.3B. Foreign Transactions in the National Income and Product Accounts..................................................................... Percent Change From Preceding Period in Real Exports and in Real Imports of Goods and Services by Type of Product......................................................................................................................................................................... Contributions to Percent Change in Real Exports and in Real Imports of Goods and Services by Type of Product......................................................................................................................................................................... Real Exports and Imports of Goods and Services by Type of Product, Quantity Indexes..................................... Price Indexes for Exports and Imports of Goods and Services by Type of Product............................................... Exports and Imports of Goods and Services by Type of Product........................................................................... Real Exports and Imports of Goods and Services by Type of Product, Chained Dollars...................................... Relation of Foreign Transactions in the National Income and Product Accounts to the Corresponding Items in the International Transactions Accounts.............................................................................................................. 136 137 138 139 140 141 142 143 5. S av in g a n d In v e s tm e n t 5.1. 5.2.3. 5.2.5. 5.2.6. 5.3.1. 5.3.2. Saving and Investment by Sector................................................................................................................................ Real Gross and Net Domestic Investment by Major Type, Quantity Indexes........................................................ Gross and Net Domestic Investment by Major Type................................................................................................ Real Gross and Net Domestic Investment by Major Type, Chained Dollars.......................................................... Percent Change From Preceding Period in Real Private Fixed Investment by Type.............................................. Contributions to Percent Change in Real Private Fixed Investment by Type......................................................... 144 145 145 146 147 148 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes........................................................................................ 5.3.4. Price Indexes for Private Fixed Investment by Type................................................................................................. 5.3.5. Private Fixed Investment by Type............................................................................................................................... 5.3.6. Real Private Fixed Investment by Type, Chained Dollars......................................................................................... 5.4.1. Percent Change From Preceding Period in Real Private Fixed Investment in Structures by Type........................ 149 150 151 152 153 * This table is scheduled to be published in an upcoming issue. Please see the introduction. 50 National Income and Product Accounts Tables September 2013 5.4.2. 5.4.3. 5.4.4. 5.4.5. 5.4.6. 5.5.1. 5.5.2. 5.5.3. 5.5.4. 5.5.5. Contributions to Percent Change in Real Private Fixed Investment in Structures by Type Real Private Fixed Investment in Structures by Type, Quantity Indexes Price Indexes for Private Fixed Investment in Structures by Type Private Fixed Investment in Structures by Type Real Private Fixed Investment in Structures by Type, Chained Dollars Percent Change From Preceding Period in Real Private Fixed Investment in Equipment by Type Contributions to Percent Change in Real Private Fixed Investment in Equipment by Type Real Private Fixed Investment in Equipment by Type, Quantity Indexes Price Indexes for Private Fixed Investment in Equipment by Type Private Fixed Investment in Equipment by Type 5.5.6. 5.6.1. 5.6.2. 5.6.3. Real Private Fixed Investment in Equipment by Type, Chained Dollars .157 Percent Change From Preceding Period in Real Private Fixed Investment in Intellectual Property Products by Type .158 Contributions to Percent Change in Real Private Fixed Investment in Intellectual Property Products by Type 158 Real Private Fixed Investment in Intellectual Property Products by Type, Quantity Indexes .158 5.6.4. 5.6.5. 5.6.6. 5.7.5B. 5.7.6B. 5.8.5B. 5.8.6B. 5.8.9B. Price Indexes for Private Fixed Investment in Intellectual Property Products by Type Private Fixed Investment in Intellectual Property Products by Type Real Private Fixed Investment in Intellectual Property Products by Type, Chained Dollars Change in Private Inventories by Industry Change in Real Private Inventories by Industry, Chained Dollars Private Inventories and Domestic Final Sales by Industry Real Private Inventories and Real Domestic Final Sales by Industry, Chained Dollars Implicit Price Deflators for Private Inventories by Industry .158 .159 .159 .159 .160 .160 .161 .161 5.9.3B. 5.9.4B. 5.9.5B. 5.9.6B. Real Gross Government Fixed Investment by Type, Quantity Indexes Price Indexes for Gross Government Fixed Investment by Type Gross Government Fixed Investment by Type Real Gross Government Fixed Investment by Type, Chained Dollars .162 .162 .163 .163 5.10. 5.11. Changes in Net Stock of Produced Assets (Fixed Assets and Inventories) Capital Transfers Paid and Received, by Sector and by Type .* .164 6. ID. 6.2D. 6.3D. 6.4D. 6.5D. 6.6D. 6.7D. 6.8D. 6. In c o m e a n d E m p lo y m e n t b y I n d u s tr y National Income Without Capital Consumption Adjustment by Industry........................................................... .165 Compensation of Employees by Industry .166 .167 Wages and Salaries by Industry Full-Time and Part-Time Employees by Industry .168 Full-Time Equivalent Employees by Industry .169 Wages and Salaries Per Full-Time Equivalent Employee by Industry .170 Self-Employed Persons by Industry .171 Persons Engaged in Production by Industry .172 6.9D. 6.10D. 6.1 ID. 6.12D. 6.13D. 6.14D. 6.15D. Hours Worked by Full-Time and Part-Time Employees by Industry .173 Employer Contributions for Government Social Insurance by Industry .173 Employer Contributions for Employee Pension and Insurance Funds by Industry and by Type..........................174 Nonfarm Proprietors’ Income by Industry .174 Noncorporate Capital Consumption Allowances by Industry .174 Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and by Industry .175 Net Interest by Industry .175 * This table is scheduled to be published in an upcoming issue. Please see the introduction. .153 .154 .154 .155 .155 .156 .156 .156 .156 .157 September 2013 6.16D. 6.17D. 6.18D. 6.19D. 6.20D. 6.21D. 6.22D. S urvey of C u r r e n t B u s in e s s Corporate Profits by Industry Corporate Profits Before Tax by Industry Taxes on Corporate Income by Industry Corporate Profits After Tax by Industry Net Corporate Dividend Payments by Industry Undistributed Corporate Profits by Industry Corporate Capital Consumption Allowances by Industry 51 .175 .176 .177 .178 .179 .180 .181 7. S u p p le m e n ta l T ables 7.1. 7.2.1B. 7.2.3B. 7.2.4B. 7.2.5B. 7.2.6B. 7.3.3. 7.3.4. 7.3.5. 7.3.6. 7.4.3. 7.4.4. 7.4.5. 7.4.6. 7.5. 7.6. 7.7. Selected Per Capita Product and Income Series in Current and Chained Dollars................................................. .182 .182 Percent Change From Preceding Period in Real Motor Vehicle O utput Real Motor Vehicle Output, Quantity Indexes .183 Price Indexes for Motor Vehicle O utput .184 Motor Vehicle O u tp u t .185 Real Motor Vehicle Output, Chained Dollars .186 Real Farm Sector Output, Real Gross Value Added, and Real Net Value Added, Quantity Indexes .187 Price Indexes for Farm Sector Output, Gross Value Added, and Net Value Added .187 Farm Sector Output, Gross Value Added, and Net Value Added .188 Real Farm Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars .188 Real Housing Sector Output, Real Gross Value Added, and Real Net Value Added, Quantity Indexes .189 Price Indexes for Housing Sector Output, Gross Value Added, and Net Value Added .189 Housing Sector Output, Gross Value Added, and Net Value Added .190 Real Housing Sector Output, Real Gross Value Added, and Real Net Value Added, Chained Dollars .190 Consumption of Fixed Capital by Legal Form of Organization and Type of Incom e .191 Capital Consumption Adjustment by Legal Form of Organization and Type of Adjustment .191 Business Current Transfer Payments by Type .191 7.8. 7.9. 7.10. 7.11. 7.12. 7.13. .192 Supplements to Wages and Salaries by Type Rental Income of Persons by Legal Form of Organization and by Type of Income .192 Dividends Paid and Received by Sector .192 Interest Paid and Received by Sector and Legal Form of Organization .193 Imputations in the National Income and Product Accounts .* Relation of Consumption of Fixed Capital in the National Income and Product Accounts to Depreciation and Amortization as Published by the Internal Revenue Service.................................................................................... 194 Relation of Nonfarm Proprietors’ Income in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service........................................................................................... 194 Relation of Net Farm Income in the National Income and Product Accounts to Net Farm Income as Published by the U.S. Department of Agriculture...................................................................................................................... * Relation of Corporate Profits, Taxes, and Dividends in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service................................................................ 195 Relation of Monetary Interest Paid and Received in the National Income and Product Accounts to Corresponding Measures as Published by the Internal Revenue Service................................................................ 196 Relation of Wages and Salaries in the National Income and Product Accounts to Wages and Salaries as Published by the Bureau of Labor Statistics.............................................................................................................. 196 Comparison of Income and Outlays of Nonprofit Institutions Serving Households with Revenue and Expenses as Published by the Internal Revenue Service........................................................................................... * Transactions of Defined Benefit Pension Plans......................................................................................................... 197 Transactions of Private Defined Benefit Pension Plans............................................................................................ 197 Transactions of Federal Government Defined Benefit Pension Plans...................................................................... 198 Transactions of State and Local Government Defined Benefit Pension Plans....................................................... 198 7.14. 7.15. 7.16. 7.17. 7.18. 7.19. 7.20. 7.21. 7.22 7.23. * This table is scheduled to be published in an upcoming issue. Please see the introduction. Summary NIPAs 52 September 2013 Table A. Summary National Income and Product Accounts, 2012 [Billions of dollars] Account 1. Domestic Income and Product Account Line 1 2 3 4 5 6 7 8 9 10 11 Line Compensation of employees, paid....................................................................... Wages and salaries.......................................................................................... Domestic (3-12).................................... Rest of the world (5-11)........................ Supplements to wages and salaries (3-14) Taxes on production and imports (4-15)....... Less: Subsidies (4-8)................................... Net operating surplus.................................... Private enterprises (2-19)......................... Current surplus of government enterprises (4-25).......................................... Consumption of fixed capital (6-14)..................................................................... 8,620.0 6,935.1 6,920.5 14.6 1,684.9 1,122.9 57.3 4,033.2 4,060.9 -27.7 2,542.9 12 Gross domestic income.................................................................................... 16,261.6 13 Statistical discrepancy (6-20).............................................................................. -17.0 14 GROSS DOMESTIC PRODUCT.......................................................................... 16,244.6 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Personal consumption expenditures (3 -3 ).......................................................... Goods.............................................................................................................. Durable goods............................................................................................. Nondurable goods....................................................................................... Services........................................................................................................... Gross private domestic investment...................................................................... Fixed investment (6 -2 ).................................................................................... Nonresidential.............................................................................................. Structures................................................................................................ Equipment............................................................................................... Intellectual property products.................................................................. Residential................................................................................................... Change in private inventories (6-4)................................................................. Net exports of goods and services...................................................................... Exports (5-1)........................ Imports (5-9)................................................................................................... Government consumption expenditures and gross investment (4-1 plus 6 -3 ).... Federal............................................................................................................. National defense.......................................................................................... Nondefense................................................................................................. State and local................................................................................................. 11,149.6 3,769.7 1,202.7 2,567.0 7,379.9 2,475.2 2,409.1 1,970.0 437.3 907.6 625.0 439.2 66.1 -547.2 2,195.9 2,743.1 3,167.0 1,295.7 817.1 478.6 1,871.3 36 GROSS DOMESTIC PRODUCT......................................................................... 16,244.6 Account 2. Private Enterprise Income Account Line 1 2 3 4 5 6 / 8 9 10 11 12 13 14 15 16 17 Line Income payments on assets................................................................................. Interest and miscellaneous payments (2-21 and 3-20 and 4-20 and 5-13).... Dividend payments to the rest of the world (5-14)........................................... Reinvested earnings on foreign direct investment in the United States (5-15) Business current transfer payments (net)............................................................ To persons (net) (3-24).................................................................................... To government (net) (4-23)............ To the rest of the world (net) (5-19)................................................................. Proprietors’ income with IVA and CCAdj (3-17).................................................. Rental income of persons with CCAdj (3-18)...................................................... Corporate profits with IVA and CCAdj.................................................................. Taxes on corporate income............ To government (4-16).................................................................................. To the rest of the world (5-19)..................................................................... Profits after tax with IVA and CCAdj................................................................. Net dividends (3-21 plus 4-21)................................................................... Undistributed corporate profits with IVA and CCAdj (6-12).......................... 2,654.2 2,407.2 141.1 105.9 106.9 41.4 70.6 -5.1 1,224.9 541.2 2,009.5 434.8 402.4 32.4 1,574.7 770.3 804.3 19 Net operating surplus, private enterprises (1 -9 )................................................. 20 Income receipts on assets............................... 21 Interest (2-2 and 3-4 and 4-7 and 5 -5 )......................................................... 22 Dividend receipts from the rest of the world (5-6)........................................... 23 Reinvested earnings on U.S. direct investment abroad (5-7)........................... 4,060.9 2,475.8 1,809.9 297.9 368.1 18 USES OF PRIVATE ENTERPRISE INCOME...................................................... 6,536.7 24 SOURCES OF PRIVATE ENTERPRISE INCOME.............................................. 6,536.7 Account 3. Personal Income and Outlay Account Line Line 1 Personal current taxes (4-14).............................................................................. 2 Personal outlays................................................................................................... Personal consumption expenditures (1-15)..................................................... 3 4 Personal interest payments (2-21 and 3-20 and 4-20 and 5 -1 3 )................... Personal current transfer payments................................................................. 5 To government (4-24).................................................................................. 6 7 To the rest of the world (net) (5-17)............................................................. 8 Personal saving (6-11)........................................................................................ 1,498.0 11,558.4 11,149.6 248.4 160.4 88.5 71.9 687.4 10 11 12 13 14 15 16 17 18 19 20 Compensation of employees, received................................................................ Wages and salaries......................................................................................... Domestic (1-3)............................. Rest of the world (5-3)................................................................................ Supplements to wages and salaries (1 -5 )...................................................... Employer contributions for employee pension and insurance funds............. Employer contributions for government social insurance.............................. Proprietors’ income with IVA and CCAdj (2-9).................................................... Rental income of persons with CCAdj (2-10)...................................................... Personal income receipts on assets.................................................................... Personal interest income (2-2 plus 3-4 plus 4-7 plus 5-5 less 2-21 less 4-20 less 5-13).................................................................................................... Personal dividend income (2-16 less 4-21).................................................... Personal current transfer receipts........................................................................ Government social benefits (4-4).................................................................... From business (net) (2-6)................................................................................ Less: Contributions for government social insurance, domestic (4-18)............... 1,211.6 746.9 2,358.3 2,316.8 41.4 950.7 26 PERSONAL INCOME......................................................................................... 13,743.8 21 22 23 24 25 9 PERSONAL TAXES, OUTLAYS, AND SAVING.................................................. 13,743.8 8,611.6 6,926.8 6,920.5 6.3 1,684.9 1,170.6 514.3 1,224.9 541.2 1,958.5 September 2013 S urvey of C u r r e n t B u s in e s s 53 Account 4. Government Receipts and Expenditures Account Line Line 1 2 3 4 5 6 7 8 9 10 11 Consumption expenditures (1-31)....................................................................... Current transfer payments.................................................................................... Government social benefits............................................................................. To persons (3-23)....................................................................................... To the rest of the world (5-18)..................................................................... Other current transfer payments to the rest of the world (net) (5-18)............... Interest payments (2-21 and 3-20 and 4-20 and 5-13)..................................... Subsidies (1-7)................................................................................................... Net government saving (6-13)............................................................................. Federal............................................................................................................ State and local................................................................................................ 2,548.0 2,384.7 2,334.8 2,316.8 18.0 49.9 631.6 57.3 -1,362.3 -1,109.7 -252.7 12 GOVERNMENT CURRENT EXPENDITURES AND NET SAVING...................... 4,259.2 Current tax receipts............................................................................................. Personal current taxes (3 -1 )........................................................................... Taxes on production and imports (1-6)........................................................... Taxes on corporate income (2-13).................................................................. Taxes from the rest of the world (5-18)........................................................... Contributions for government social insurance (3-25 and 5-18)......................... Income receipts on assets................................................................................... Interest and miscellaneous receipts (2-2 and 3-4 and 4-7 and 5-5).............. Dividends (2-16 less 3-21)............................................................................. Current transfer receipts...................................................................................... From business (net) (2 -7 )............................................................................... From persons (3-6)......................................................................................... Current surplus of government enterprises (1-10).............................................. 3,041.2 1,498.0 1,122.9 402.4 17.8 955.3 131.4 107.9 23.4 159.1 70.6 88.5 -27.7 26 GOVERNMENT CURRENT RECEIPTS............................................................. 4,259.2 13 14 15 16 17 18 19 20 21 22 23 24 25 Account 5. Foreign Transactions Current Account Line Line 1 Exports of goods and services (1-29)................................................................. 2 Income receipts from the rest of the world Wage and salary receipts (3-13)... 3 4 Income receipts on assets............ 5 Interest (2-21 and 3-20 and 4-20).............................................................. 6 Dividends (2-22)....................... 7 Reinvested earnings on U.S. direct investment abroad (2-23)..................... 2,195.9 818.6 6.3 812.3 146.3 297.9 368.1 8 CURRENT RECEIPTS FROM THE REST OF THE WORLD.............................. 3,014.5 Imports of goods and services (1-30)................................................................. Income payments to the rest of the world............................................................ Wage and salary payments (1-4).................................................................... Income payments on assets............................................................................ Interest (2-2 and 3-4 and 4-7 )................................................................... Dividends (2-3 )........................................................................................... Reinvested earnings on foreign direct investment in the United States (2-4) Current taxes and transfer payments to the rest of the world (net)....................... From persons (net) (3-7)................................................................................. From government (net) (3-25 plus 4-5 plus 4-6 less 4-17 less 4-18)............ From business (net) (2-8 plus 2-14)............................................................... Balance on current account, NIPAs (7-1)............................................................ 2,743.1 565.7 14.6 551.1 304.1 141.1 105.9 144.6 71.9 45.4 27.3 -439.0 21 CURRENT PAYMENTS TO THE REST OF THE WORLD AND BALANCE ON CURRENT ACCOUNT.................................................................................... 3,014.5 9 10 11 12 13 14 15 16 17 18 19 20 Account 6. Domestic Capital Account Line Line 1 Gross domestic investment.................................................................................. Private fixed investment (1-21)........................................................................ 2 3 Government fixed investment (1-31)............................................................... 4 Change in private inventories (1-27)............................................................... 5 Capital account transactions (net)........................................................................ 6 Transfer payments for catastrophic losses (7-3).............................................. 7 Other capital account transactions (7-4)......................................................... 8 Net lending or net borrowing (-), NIPAs (7 -5 )..................................................... 3,094.2 2,409.1 619.0 66.1 -6.6 7.7 -14.2 -432.4 10 11 12 13 14 15 16 17 18 19 20 Net saving........................................................................................................... Personal saving (3-8)...................................................................................... Undistributed corporate profits with IVA and CCAdj (2-17).............................. Net government saving (4 -9 ).......................................................................... Plus: Consumption of fixed capital (1-11)........................................................... Private............................................................................................................. Government.................................................................................................... General government.................................................................................... Government enterprises.............................................................................. Equals: Gross saving........................................................................................... Statistical discrepancy (1-13).............................................................................. 129.4 687.4 804.3 -1,362.3 2,542.9 2,049.3 493.6 434.2 59.4 2,672.2 -17.0 9 GROSS DOMESTIC INVESTMENT, CAPITAL ACCOUNT TRANSACTIONS (NET), AND NET LENDING............................................................................ 2,655.2 21 GROSS SAVING AND STATISTICAL DISCREPANCY...................................... 2,655.2 Account 7. Foreign Transactions Capital Account Line Line BALANCE ON CURRENT ACCOUNT, NIPAs (5-20).. -439.0 CCAdj Capital consumption adjustment IVA Inventory valuation adjustment NIPAs National income and product accounts N ote . The seven summary accounts constitute a double-entry accounting system in which each of the entries in a summary account appears again in that account or in one of the other summary accounts. The numbers in parentheses indicate these “counterentries.” In some cases, an entry may be equal to another entry Capital account transactions (net).................................................................. Transfer payments for catastrophic losses (6-6 )....................................... Other capital account transactions (6-7)................................................... Net lending or net borrowing (-), NIPAs (6-8)............................................... - 6.6 7.7 -14.2 -432.4 CAPITAL ACCOUNT TRANSACTIONS (NET) AND NET LENDING, NIPAs -439.0 in the summary accounts. For example, supplements to wages and salaries appears in account 1, line 5 and in account 3, line 14. In other cases, an entry may be equal to a combination of other entries (or of parts of other entries). For example, for private enterprise interest payments (account 2, line 2), the counterentry includes parts of private enterprise interest receipts (account 2, line 21), of personal interest income (account 3, line 20), of government interest receipts (account 4, line 20), and of interest payments to the rest of the world (account 5, line 13). 54 September 2013 Domestic Product and Income 1. D o m estic P roduct and Incom e Table 1.1.1. Percent Change From Preceding Period in Real Gross Domestic Product [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I 2011 III II I IV II 2012 IV III II I 2013 III IV I II Gross domestic product.... 1 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 Personal consumption expenditures.......................... Goods..................................... Durable goods..................... Nondurable goods............... Services.................................. 2 3 4 5 6 -1.6 -3.0 -5.5 -1.8 -0.8 2.0 3.4 6.1 2.2 1.2 2.5 3.4 6.6 1.9 2.1 2.2 3.3 7.7 1.4 1.6 2.1 4.0 5.4 3.4 1.2 3.3 5.2 12.5 1.9 2.4 2.8 3.8 6.7 2.5 2.2 4.3 7.6 12.9 5.2 2.6 2.1 2.7 5.4 1.4 1.8 1.5 0.2 -0.8 0.7 2.1 2.1 1.2 5.2 -0.5 2.5 2.4 5.0 13.5 1.3 1.1 2.9 4.6 9.8 2.2 2.1 1.9 2.2 2.9 1.8 1.7 1.7 3.7 8.3 1.6 0.7 1.7 3.7 10.5 0.6 0.6 2.3 3.7 5.8 2.7 1.5 1.8 3.2 6.1 1.8 1.1 Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products....................... Residential........................... Change in private inventories... 7 8 9 10 11 -21.6 -16.7 -15.6 -18.9 -22.9 12.9 1.5 2.5 -16.4 15.9 4.9 6.2 7.6 2.1 12.7 9.5 8.3 7.3 12.7 7.6 13.6 0.8 4.2 -25.0 31.2 22.3 13.6 11.4 11.8 23.3 13.7 -0.4 8.3 -5.8 18.0 -3.5 8.5 8.6 7.7 11.8 -7.5 -0.5 -0.9 -29.8 12.0 14.2 8.6 9.9 33.7 4.3 2.5 14.8 16.7 28.4 20.3 31.9 10.0 9.5 14.4 10.2 10.5 8.6 5.8 7.0 8.3 -1.6 4.7 4.5 6.9 5.3 6.5 2.7 0.3 5.9 -3.9 -2.4 11.6 9.8 17.6 8.9 4.7 -1.5 -4.6 -25.7 1.6 9.9 6.0 4.4 16.1 2.9 12 13 14 -1.4 -21.2 1.9 -2.5 4.4 0.5 3.4 12.9 -1.6 -12.2 -2.0 23.2 6.1 -30.7 5.0 7.9 3.7 1.7 4.9 2.7 5.3 6.1 5.5 12.2 1.3 23.0 1.8 5.7 2.8 14.1 5.7 19.8 3.7 12.5 -0.9 12.9 Net exports of goods and services.................................. Exports.................................... Goods.................................. Services.............................. Imports.................................... Goods.................................. Services.............................. 1S 16 17 18 19 20 21 -9.1 -12.0 -2.1 -13.7 -15.8 -3.1 11.5 14.3 5.6 12.8 15.2 2.8 7.1 7.1 7.0 4.9 5.2 3.1 3.5 3.8 3.0 2.2 2.1 2.7 6.4 11.0 -3.1 11.9 14.6 0.4 9.5 11.7 4.6 20.2 24.1 3.8 10.9 8.6 16.3 14.5 14.6 14.0 12.4 13.0 11.0 0.9 1.7 -2.5 3.8 4.4 2.4 2.8 4.4 -5.0 4.9 3.7 7.7 0.7 -0.7 7.8 7.0 5.7 10.0 4.9 3.5 11.9 2.7 7.7 -8.1 5.9 6.7 1.8 4.2 1.8 10.0 0.7 0.9 -0.1 3.8 5.2 0.8 2.5 2.5 2.3 0.4 1.6 -2.6 0.5 0.4 1.0 1.1 -3.0 11.3 -3.1 -3.5 -1.0 -1.3 -2.8 2.2 0.6 -0.2 5.0 8.6 10.1 5.2 7.0 7.1 6.3 Government consumption expenditures and gross investment.............................. Federal.................................... National defense.................. Nondefense......................... State and local......................... 22 23 24 25 26 3.2 5.7 5.4 6.2 1.6 0.1 4.4 3.2 6.4 -2.7 -3.2 -2.6 -2.3 -3.0 -3.6 -1.0 -1.4 -3.2 1.8 -0.7 -2.9 3.8 -1.8 14.8 -7.1 2.9 8.5 6.4 12.3 -0.8 -0.3 3.7 7.6 -2.8 -3.1 -4.1 -2.7 -3.5 -1.2 -5.0 -7.5 -10.5 -14.2 -3.5 -5.4 -1.3 1.8 6.8 -6.5 -3.4 -2.5 -3.4 2.4 -13.1 -1.9 -1.5 -3.1 -10.2 11.3 -0.4 -1.4 -2.5 -6.7 5.4 -0.6 0.3 -0.2 -1.0 1.2 0.6 3.5 8.9 12.5 2.8 -0.2 -6.5 -13.9 -21.6 1.0 -1.0 -4.2 -8.4 -11.2 -3.6 -1.3 -0.9 -1.6 -0.6 -3.2 -0.5 Addendum: Gross domestic product, current dollars...................... 27 -2.1 3.7 3.8 4.6 3.0 5.8 4.7 4.9 0.3 5.9 3.9 5.4 5.8 3.0 4.9 1.6 2.8 3.2 Table 1.1.2. Contributions to Percent Change in Real Gross Domestic Product Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I 2012 2011 III II IV I II IV III I II 2013 III IV I II Percent change at annual rate: Gross domestic product. .. 1 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 Percentage points at annual rates: Personal consumption expenditures.......................... Goods..................................... Durable goods..................... Nondurable goods............... Services.................................. 2 3 4 5 6 -1.06 -0.68 -0.41 -0.27 -0.38 1.34 0.77 0.43 0.34 0.57 1.74 0.76 0.46 0.30 0.98 1.52 0.77 0.56 0.22 0.74 1.42 0.88 0.37 0.51 0.54 2.21 1.14 0.84 0.29 1.07 1.87 0.85 0.46 0.38 1.02 2.86 1.66 0.88 0.78 1.20 1.42 0.60 0.38 0.22 0.81 1.03 0.05 -0.06 0.11 0.98 1.42 0.29 0.36 -0.08 1.14 1.65 1.14 0.93 0.21 0.51 1.98 1.04 0.69 0.35 0.94 1.28 0.50 0.21 0.28 0.78 1.15 0.84 0.59 0.25 0.31 1.13 0.85 0.74 0.10 0.29 1.54 0.85 0.43 0.43 0.69 1.21 0.73 0.45 0.28 0.48 Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products....................... Residential........................... Change in private inventories... / 8 9 10 11 -3.52 -2.77 -2.04 -0.70 -1.29 1.66 0.21 0.28 -0.49 0.70 0.69 0.85 0.84 0.05 0.62 1.36 1.17 0.85 0.31 0.41 1.77 0.11 0.46 -0.73 1.25 2.86 1.77 1.21 0.27 1.02 1.86 -0.04 0.90 -0.15 0.83 -0.51 1.13 0.94 0.18 0.57 -1.11 -0.05 -0.09 -0.82 0.59 1.88 1.16 1.09 0.68 0.23 0.36 1.96 1.81 0.62 0.99 4.13 1.39 1.10 0.35 0.54 1.57 1.21 0.68 0.18 0.45 -0.23 0.68 0.53 0.18 0.29 0.99 0.39 0.04 0.15 -0.22 -0.36 1.63 1.13 0.44 0.47 0.71 -0.23 -0.57 -0.80 0.09 1.48 0.90 0.53 0.40 0.16 12 13 14 -0.05 -0.73 -0.76 0.07 -0.07 1.45 0.17 0.01 -0.16 0.13 0.32 0.20 -0.07 -0.35 1.66 -0.08 0.56 1.09 0.22 -0.94 1.90 0.19 0.19 -1.64 0.14 0.04 -1.06 0.18 0.07 0.72 0.20 0.15 -1.60 0.21 0.29 2.73 0.05 0.53 0.36 0.07 0.15 -0.91 0.11 0.35 0.60 0.21 0.50 -2.00 0.14 0.34 0.93 -0.04 0.37 0.59 Net exports of goods and services.................................. Exports.................................... Goods.................................. Services.............................. Imports.................................... Goods.................................. Services.............................. 1b 16 17 18 19 20 21 1.14 -1.10 -1.02 -0.08 2.24 2.15 0.08 -0.51 1.28 1.08 0.20 -1.79 -1.72 -0.07 0.10 0.89 0.63 0.27 -0.79 -0.70 -0.09 0.10 0.48 0.36 0.12 -0.38 -0.30 -0.07 -0.96 0.73 0.85 -0.12 -1.70 -1.68 -0.02 -1.77 1.10 0.93 0.17 -2.87 -2.77 -0.10 -0.88 1.27 0.70 0.57 -2.15 -1.79 -0.36 1.32 1.47 1.07 0.40 -0.15 -0.22 0.07 0.01 0.48 0.38 0.09 -0.46 -0.61 0.14 0.53 0.64 0.34 0.30 -0.11 0.10 -0.21 0.10 0.92 0.53 0.39 -0.82 -0.50 -0.32 -0.60 0.38 0.72 -0.35 -0.98 -0.93 -0.05 0.44 0.56 0.17 0.39 -0.12 -0.12 0.00 0.10 0.51 0.48 0.03 -0.41 -4.35 -0.06 -0.03 0.05 0.16 -0.10 -0.08 -0.05 -0.03 0.68 0.15 -0.28 0.43 0.53 0.50 0.03 -0.28 -0.18 -0.27 0.09 -0.10 0.03 -0.13 0.00 1.11 0.90 0.21 -1.11 -0.95 -0.17 Government consumption expenditures and gross investment.............................. Federal.................................... National defense.................. Nondefense......................... State and local......................... 22 23 24 25 26 0.64 0.44 0.27 0.17 0.20 0.02 0.37 0.18 0.19 -0.35 -0.68 -0.23 -0.13 -0.10 -0.46 -0.20 -0.12 -0.17 0.05 -0.08 -0.63 0.32 -0.11 0.43 -0.95 0.61 0.71 0.34 0.37 -0.10 -0.07 0.32 0.41 -0.09 -0.39 -0.87 -0.23 -0.19 -0.04 -0.63 -1.61 -0.94 -0.83 -0.11 -0.67 -0.25 0.16 0.36 -0.21 -0.41 -0.52 -0.29 0.13 -0.42 -0.23 -0.31 -0.25 -0.57 0.32 -0.05 -0.28 -0.20 -0.36 0.16 -0.08 0.05 -0.02 -0.05 0.04 0.07 0.67 0.69 0.60 0.08 -0.02 -1.31 -1.19 -1.22 0.03 -0.12 -0.82 -0.68 -0.57 -0.11 -0.14 -0.18 -0.12 -0.03 -0.09 -0.06 September 2013 S urvey of 55 C u r r e n t B u s in e s s Table 1.1.3. Real Gross Domestic Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line Gross domestic product.... 2009 1 100.000 Personal consumption expenditures.......................... Goods...................................... Durable goods..................... Nondurable goods............... Services.................................. 2010 2011 2012 102.507 104.400 107.302 2010 2011 2012 2013 I II III IV I II III IV I II III IV I II 101.247 102.220 102.923 103.638 103.302 104.115 104.468 105.716 106.683 107.003 107.741 107.780 108.087 108.760 2 100.000 101.960 104.555 106.854 100.736 101.548 102.243 103.313 103.844 104.226 104.765 105.386 106.145 106.643 107.092 107.537 108.138 108.612 3 4 5 6 Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products...................... Residential........................... Change in private inventories... 100.000 100.000 100.000 100.000 103.446 106.092 102.226 101.244 106.925 113.074 104.177 103.411 110.495 121.833 105.594 105.090 101.517 102.135 101.218 100.359 102.801 105.177 101.699 100.944 103.773 106.884 102.338 101.507 105.691 110.172 103.647 102.168 106.391 111.631 104.020 102.615 106.446 111.402 104.199 103.155 106.777 112.812 104.077 103.795 108.084 116.453 104.409 104.079 109.298 119.195 104.988 104.616 109.889 120.060 105.463 105.070 110.888 122.484 105.877 105.252 111.904 125.591 106.047 105.421 112.928 127.379 106.762 105.818 113.810 129.278 107.233 106.098 129.705 107.177 116.766 98.629 118.263 98.874 96.212 82.081 140.604 108.280 112.714 101.832 101.581 84.399 114.099 116.378 101.733 103.632 83.146 118.912 115.336 103.823 105.794 84.712 122.277 113.109 103.705 105.552 77.532 125.802 116.932 105.863 108.075 83.372 127.148 117.663 109.581 112.340 88.755 133.165 126.092 112.228 114.931 91.781 136.442 129.269 114.569 116.551 93.345 139.204 128.745 115.904 117.847 94.922 140.999 130.795 116.675 117.938 96.299 139.602 130.012 131.521 134.669 119.914 119.467 121.233 120.717 119.318 120.610 100.282 93.090 96.640 142.609 143.175 144.216 / 8 9 10 11 100.000 112.901 118.449 100.000 101.504 107.844 100.000 102.471 110.225 100.000 83.585 85.360 100.000 115.892 130.639 12 13 14 100.000 100.000 101.887 97.496 106.388 97.964 109.962 110.581 101.213 97.635 100.692 102.871 102.189 93.845 103.455 95.635 104.401 96.044 105.646 96.684 107.024 98.125 108.479 101.001 108.830 106.359 109.326 107.854 110.072 111.476 111.617 116.635 112.648 120.123 112.385 123.828 Net exports of goods and services.................................. Exports................................... Goods.................................. Services.............................. Imports................................... Goods.................................. Services.............................. 1S 16 17 18 19 20 21 100.000 100.000 100.000 100.000 100.000 100.000 111.476 114.321 105.586 112.759 115.162 102.751 119.367 122.470 112.939 118.239 121.176 105.934 123.590 127.100 116.297 120.860 123.750 108.779 107.360 109.947 102.017 106.980 108.543 100.519 109.815 113.019 103.180 112.023 114.556 101.469 112.699 115.373 107.161 115.880 118.528 104.845 116.031 118.944 109.987 116.152 119.019 104.172 117.105 120.219 110.638 116.966 120.314 102.853 118.504 121.316 112.699 117.166 120.111 104.807 120.525 123.019 115.421 118.563 121.153 107.793 121.336 125.328 112.999 120.263 123.124 108.282 122.576 125.880 115.719 120.475 123.394 108.248 123.738 127.480 115.949 121.207 124.154 108.873 123.851 128.000 115.199 121.358 124.282 109.139 124.196 127.038 118.321 120.398 123.170 108.855 123.781 126.126 118.961 120.584 123.098 110.197 126.353 129.201 120.474 122.632 125.230 111.884 Government consumption expenditures and gross investment.............................. Federal.................................... National defense.................. Nondefense......................... State and local......................... 22 23 24 25 26 100.000 100.074 100.000 104.350 100.000 103.203 100.000 106.447 100.000 97.293 96.868 101.660 100.802 103.230 93.751 95.921 100.212 97.562 105.068 93.128 99.844 102.472 101.308 104.599 98.135 100.554 104.577 102.882 107.673 97.937 100.468 105.531 104.772 106.922 97.173 99.431 104.819 103.850 106.594 95.928 97.506 101.961 99.940 105.658 94.608 97.194 102.407 101.592 103.899 93.805 96.573 101.534 102.197 100.323 93.348 96.198 100.738 99.480 103.039 93.246 95.863 100.115 97.769 104.409 93.096 95.933 100.065 97.526 104.714 93.243 96.752 102.212 100.446 105.440 93.207 95.135 98.455 94.506 105.708 92.966 94.117 96.315 91.731 104.740 92.672 93.893 95.922 91.587 103.887 92.558 Table 1.1.4. Price Indexes for Gross Domestic Product [Index numbers, 2009=100] Seasonally adjusted Line Gross domestic product. .. Personal consumption expenditures.......................... Goods..................................... Durable goods..................... Nondurable goods............... Services................................. 2009 2010 2011 2012 2010 III II III IV I II III IV I II 101.215 103.203 105.008 100.509 100.972 101.432 101.948 102.354 103.024 103.651 103.782 104.296 104.751 105.345 105.640 105.994 106.193 2 100.000 3 100.000 4 100.000 5 100.000 6 100.000 101.654 101.637 98.622 103.085 101.663 104.086 105.345 97.649 109.128 103.463 106.009 106.666 96.467 111.765 105.689 101.282 101.786 99.506 102.868 101.038 101.398 101.147 98.902 102.216 101.521 101.698 101.307 98.275 102.763 101.890 102.239 102.308 97.803 104.492 102.204 102.996 103.804 97.606 106.833 102.596 103.938 105.395 97.947 109.050 103.217 104.529 106.068 97.797 110.138 103.768 104.880 105.471 105.750 106.193 106.112 106.681 106.366 106.718 97.087 96.791 96.246 97.248 110.491 111.448 111.127 111.964 104.271 104.872 105.450 105.939 106.622 106.909 106.917 106.900 106.641 105.740 95.746 95.487 95.016 112.522 112.264 111.126 106.493 107.060 107.536 1 100.000 8 100.000 9 100.000 10 100.000 11 100.000 99.109 99.180 99.070 98.844 98.009 100.364 101.646 100.506 101.852 100.524 101.977 101.748 103.732 98.928 100.187 98.798 98.987 98.735 98.050 97.875 98.932 99.024 98.953 98.554 97.817 99.100 99.138 99.095 99.077 98.049 99.608 99.571 99.496 99.693 98.293 99.869 99.922 99.875 100.347 98.464 100.300 100.559 100.463 100.730 100.456 100.774 101.375 102.293 98.874 99.058 100.727 100.911 100.990 102.975 99.317 101.085 101.298 101.506 103.206 99.837 101.482 101.679 101.897 103.703 99.940 101.820 102.045 102.157 103.856 100.300 102.196 102.726 102.386 102.967 102.350 102.692 104.164 105.189 100.673 100.601 103.194 103.478 103.007 106.547 100.504 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......................... I 2013 1 100.000 12 13 14 II 2012 IV Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures....................... Equipment....................... Intellectual property products...................... Residential........................... Change in private inventories... I 2011 100.000 100.000 100.541 99.645 101.789 100.392 103.169 101.246 100.295 100.027 100.636 99.328 100.381 99.325 100.851 99.898 101.354 100.108 101.904 100.461 102.029 100.489 101.868 100.509 102.560 100.315 103.304 100.664 103.486 101.505 103.325 102.500 103.816 104.088 104.045 105.399 1H 16 17 18 19 20 21 100.000 100.000 100.000 100.000 100.000 100.000 104.415 105.034 103.096 106.008 106.742 102.849 111.140 113.012 107.039 114.273 116.178 105.713 112.185 113.507 109.312 114.862 116.855 105.895 102.749 103.032 102.163 106.052 106.955 102.159 103.940 104.401 102.970 105.567 106.315 102.330 104.261 104.767 103.197 104.985 105.523 102.707 106.710 107.936 104.053 107.426 108.173 104.201 109.444 111.208 105.586 111.811 113.301 105.150 111.659 113.761 107.051 115.233 117.215 106.304 112.293 114.294 107.900 115.132 117.137 106.127 111.165 112.786 107.618 114.915 117.059 105.270 111.955 113.462 108.667 116.117 118.429 105.679 112.127 113.423 109.313 115.038 117.084 105.823 112.114 113.414 109.293 113.570 115.316 105.740 112.543 113.731 109.974 114.725 116.592 106.336 112.944 114.060 110.531 114.873 116.779 106.309 112.042 112.778 110.461 113.411 115.027 106.164 22 23 24 25 26 100.000 100.000 100.000 100.000 100.000 102.673 102.614 102.365 103.064 102.714 105.560 105.344 105.191 105.624 105.710 106.882 106.184 106.252 106.077 107.371 101.667 101.719 101.671 101.811 101.629 102.422 102.452 102.266 102.792 102.399 102.936 102.855 102.480 103.530 102.991 103.668 103.429 103.043 104.123 103.836 104.579 104.499 104.346 104.779 104.633 105.634 105.483 105.416 105.608 105.740 106.078 105.835 105.718 106.049 106.248 105.948 105.560 105.283 106.061 106.220 106.697 105.959 105.914 106.051 107.214 106.771 106.182 106.229 106.112 107.183 106.850 106.224 106.322 106.065 107.288 107.209 107.454 107.501 106.370 107.007 107.251 106.542 107.283 107.524 106.081 106.549 106.799 107.798 107.775 107.688 56 Domestic Product and Income September 2013 Table 1.1.5. Gross Domestic Product [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2010 2012 I Gross domestic product.... Personal consumption expenditures.......................... Goods..................................... Durable goods..................... Nondurable goods............... Services.................................. Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products....................... Residential........................... Change in private inventories... Net exports of goods and services................................. Exports Goods Services.............................. Imports.................................... Goods.................................. Services.............................. Government consumption expenditures and gross investment.............................. Federal.................................... National defense.................. Nondefense......................... State and local......................... II 2011 III IV I 2012 III II IV I II 2013 III IV I II 1 14,417.9 14,958.3 15,533.8 16,244.6 14,672.5 14,879.2 15,049.8 15,231.7 15,242.9 15,461.9 15,611.8 15,818.7 16,041.6 16,160.4 16,356.0 16,420.3 16,535.3 16,667.9 2 3 4 5 6 9,842.9 10,201.9 10,711.8 11,149.6 10,042.3 10,134.7 10,234.3 10,396.3 10,527.1 10,662.6 10,778.6 10,878.9 11,019.1 11,100.2 11,193.6 11,285.5 11,379.2 11,429.9 3,198.4 3,362.8 3,602.7 3,769.7 3,304.9 3,325.6 3,362.4 3,458.4 3,532.2 3,588.2 3,622.3 3,668.2 3,729.3 3,738.4 3,784.9 3,826.1 3,851.8 3,849.1 1,023.3 1,070.7 1,129.9 1,202.7 1,040.2 1,064.7 1,075.1 1,102.8 1,115.1 1,116.6 1,129.0 1,158.9 1,184.3 1,189.3 1,206.5 1,230.7 1,244.8 1,257.2 2,175.1 2,292.1 2,472.8 2,567.0 2,264.7 2,260.9 2,287.3 2,355.6 2,417.1 2,471.5 2,493.3 2,509.3 2,545.0 2,549.2 2,578.4 2,595.4 2,607.0 2,591.9 6,644.5 6,839.1 7,109.1 7,379.9 6,737.4 6,809.1 6,871.9 6,937.9 6,995.0 7,074.4 7,156.3 7,210.7 7,289.7 7,361.8 7,408.7 7,459.4 7,527.4 7,580.8 7 8 9 10 11 1,878.1 2,025.7 1,633.4 438.2 644.3 2,100.8 2,039.3 1,658.2 362.0 731.8 2,232.1 2,195.6 1,809.9 380.6 832.7 2,475.2 2,409.1 1,970.0 437.3 907.6 1,989.5 1,977.5 1,594.4 352.4 682.7 2,092.7 2,042.6 1,641.8 364.5 719.0 2,164.6 2,043.0 1,677.4 361.1 751.2 2,156.5 2,094.1 1,719.3 370.1 774.4 2,120.4 2,098.9 1,721.8 340.8 798.0 2,199.9 2,154.1 1,773.1 370.1 809.9 2,222.2 2,235.7 1,848.9 397.5 849.8 2,385.7 2,293.8 1,895.7 413.9 873.0 2,453.6 2,350.7 1,932.3 422.0 895.4 2,454.0 2,387.1 1,961.4 431.3 907.9 2,493.3 2,411.7 1,968.0 438.3 902.2 2,499.9 2,486.9 2,018.2 457.8 925.0 2,555.1 2,491.7 2,001.4 429.1 928.0 2,626.1 2,541.1 2,029.3 451.3 933.9 12 13 14 550.9 392.2 -147.6 564.3 381.1 61.5 596.6 385.8 36.4 625.0 439.2 66.1 559.2 383.1 12.1 558.3 400.8 50.1 565.1 365.6 121.5 574.8 374.7 62.4 582.9 377.1 21.5 593.1 381.0 45.8 601.6 386.8 -13.5 608.8 398.1 91.9 614.9 418.4 102.9 622.2 425.7 66.8 627.5 443.7 81.6 635.4 468.8 13.0 644.3 490.3 63.4 644.2 511.7 85.0 15 16 17 18 19 20 21 -392.2 1,583.8 1,064.7 519.1 1,976.0 1,587.3 388.7 -518.5 1,843.5 1,278.4 565.1 2,362.0 1,951.2 410.8 -568.7 2,101.2 1,473.6 627.6 2,669.9 2,234.6 435.3 -547.2 2,195.9 1,536.0 659.9 2,743.1 2,295.4 447.7 -495.1 1,746.4 1,205.4 540.9 2,241.4 1,842.3 399.1 -529.7 1,807.0 1,255.6 551.4 2,336.7 1,933.2 403.5 -543.8 1,860.3 1,286.3 574.0 2,404.0 1,985.5 418.5 -505.3 1,960.4 1,366.4 594.0 2,465.7 2,043.8 421.9 -554.7 2,029.5 1,423.1 606.3 2,584.1 2,163.8 420.3 -572.2 2,095.5 1,469.3 626.2 2,667.7 2,234.6 433.0 -553.7 2,143.4 1,497.0 646.4 2,697.1 2,252.4 444.6 -594.4 2,136.2 1,505.0 631.2 2,730.7 2,287.6 443.1 -590.8 2,173.4 1,520.7 652.7 2,764.2 2,319.6 444.6 -557.9 2,197.4 1,539.5 657.9 2,755.3 2,307.4 447.8 -524.4 2,199.2 1,545.6 653.6 2,723.5 2,275.0 448.6 -515.8 2,213.7 1,538.3 675.5 2,729.5 2,279.6 449.9 -523.1 2,214.2 1,531.6 682.6 2,737.3 2,281.9 455.3 -506.1 2,242.2 1,551.4 690.8 2,748.3 2,286.6 461.7 22 23 24 25 26 3,089.1 1,217.7 788.3 429.4 1,871.4 3,174.0 1,303.9 832.8 471.1 1,870.2 3,158.7 1,304.1 835.8 468.2 1,854.7 3,167.0 1,295.7 817.1 478.6 1,871.3 3,135.7 1,269.2 811.9 457.3 1,866.5 3,181.5 1,304.6 829.3 475.2 1,876.9 3,194.7 1,321.6 846.3 475.3 1,873.1 3,184.2 1,320.1 843.5 476.6 1,864.2 3,150.0 1,297.4 822.0 475.4 1,852.6 3,171.7 1,315.4 844.2 471.2 1,856.3 3,164.6 1,308.5 851.6 456.9 1,856.1 3,148.5 1,294.9 825.6 469.3 1,853.6 3,159.7 1,291.8 816.3 475.5 1,867.9 3,164.1 1,293.8 816.7 477.1 1,870.3 3,193.5 1,322.1 841.9 480.2 1,871.4 3,150.7 1,275.2 793.7 481.5 1,875.4 3,124.1 1,255.0 775.8 479.2 1,869.1 3,118.0 1,252.7 776.3 476.4 1,865.3 Table 1.1.6. Real Gross Domestic Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product.... Personal consumption expenditures......................... Goods..................................... Durable goods..................... Nondurable goods............... Services.................................. Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products....................... Residential........................... Change in private inventories... II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 14,417.9 14,779.4 15,052.4 15,470.7 14,597.7 14,738.0 14,839.3 14,942.4 14,894.0 15,011.3 15,062.1 15,242.1 15,381.6 15,427.7 15,534.0 15,539.6 15,583.9 15,681.0 2 3 4 5 6 9,842.9 10,035.9 10,291.3 10,517.6 3,198.4 3,308.7 3,419.9 3,534.1 1,023.3 1,085.7 1,157.1 1,246.7 2,175.1 2,223.5 2,266.0 2,296.8 6,644.5 6,727.2 6,871.1 6,982.7 9,915.4 3,247.0 1,045.2 2,201.6 6,668.3 9,995.3 10,063.7 10,169.0 10,221.3 10,258.9 10,311.9 10,373.1 10,447.8 10,496.8 10,541.0 10,584.8 10,644.0 10,690.6 3,288.0 3,319.1 3,380.5 3,402.8 3,404.6 3,415.2 3,457.0 3,495.8 3,514.7 3,546.7 3,579.2 3,611.9 3,640.1 1,076.3 1,093.8 1,127.4 1,142.3 1,140.0 1,154.4 1,191.7 1,219.7 1,228.6 1,253.4 1,285.2 1,303.5 1,322.9 2,212.1 2,226.0 2,254.5 2,262.6 2,266.5 2,263.8 2,271.0 2,283.6 2,293.9 2,303.0 2,306.7 2,322.2 2,332.4 6,707.2 6,744.6 6,788.5 6,818.2 6,854.1 6,896.6 6,915.5 6,951.2 6,981.4 6,993.4 7,004.7 7,031.1 7,049.7 7 8 9 10 11 1,878.1 2,025.7 1,633.4 438.2 644.3 2,120.4 2,056.2 1,673.8 366.3 746.7 2,224.6 2,184.6 1,800.5 374.1 841.7 2,436.0 2,365.3 1,931.8 421.6 905.9 2,012.9 1,997.9 1,615.0 359.7 697.7 2,116.9 2,062.8 1,659.3 369.8 735.2 2,185.7 2,060.8 1,692.8 364.4 766.2 2,166.1 2,103.1 1,728.1 371.2 787.8 2,124.3 2,100.7 1,724.1 339.8 810.6 2,196.1 2,144.4 1,765.3 365.3 819.2 2,209.9 2,219.8 1,835.0 388.9 858.0 2,368.2 2,273.4 1,877.3 402.2 879.1 2,427.8 2,320.8 1,903.8 409.0 896.9 2,418.0 2,347.9 1,925.0 416.0 908.5 2,456.5 2,363.5 1,926.4 422.0 899.5 2,441.8 2,429.1 1,971.9 439.4 918.8 2,470.1 2,420.0 1,949.0 407.9 922.5 2,529.2 2,455.8 1,970.1 423.5 929.2 12 13 14 550.9 392.2 -147.6 561.3 382.4 58.2 586.1 384.3 33.6 605.8 433.7 57.6 557.6 383.0 9.8 554.7 403.5 48.8 563.0 368.1 116.2 570.0 375.1 58.1 575.2 376.7 22.0 582.0 379.2 42.9 589.6 384.9 -11.0 597.6 396.2 80.6 599.6 417.2 89.2 602.3 423.0 56.8 606.4 437.3 77.2 614.9 457.5 7.3 620.6 471.2 42.2 619.2 485.7 62.6 Net exports of goods and services.................................. Exports.................................... Goods.................................. Services.............................. Imports.................................... Goods................................. Services............................. 15 16 17 18 19 20 21 -392.2 1,583.8 1,064.7 519.1 1,976.0 1,587.3 388.7 -462.6 1,765.6 1,217.2 548.1 2,228.1 1,828.0 399.4 -445.9 1,890.5 1,303.9 586.3 2,336.4 1,923.4 411.8 -430.8 1,957.4 1,353.2 603.7 2,388.2 1,964.3 422.8 -413.6 1,700.4 1,170.6 529.6 2,113.9 1,722.9 390.7 -474.3 1,739.3 1,203.3 535.6 2,213.6 1,818.4 394.4 -504.9 1,784.9 1,228.4 556.3 2,289.8 1,881.4 407.5 -457.5 1,837.7 1,266.4 571.0 2,295.2 1,889.2 404.9 -456.5 1,854.7 1,280.0 574.3 2,311.3 1,909.8 399.8 -438.3 1,876.9 1,291.6 585.0 2,315.2 1,906.5 407.4 -433.9 1,908.9 1,309.8 599.2 2,342.8 1,923.1 419.0 -454.7 1,921.7 1,334.3 586.6 2,376.4 1,954.4 420.9 -439.2 1,941.4 1,340.2 600.7 2,380.6 1,958.6 420.8 -435.3 1,959.8 1,357.3 601.9 2,395.1 1,970.7 423.2 -436.5 1,961.6 1,362.8 598.0 2,398.0 1,972.7 424.2 -412.1 1,967.0 1,352.6 614.2 2,379.1 1,955.1 423.1 -422.3 1,960.5 1,342.8 617.5 2,382.7 1,954.0 428.3 -422.0 2,001.2 1,375.6 625.4 2,423.2 1,987.8 434.9 Government consumption expenditures and gross investment.............................. Federal.................................... National defense.................. Nondefense......................... State and local......................... Residual....................................... 22 23 24 25 26 27 3,089.1 1,217.7 788.3 429.4 1,871.4 0.1 3,091.4 1,270.7 813.5 457.1 1,820.8 -1.2 2,992.3 1,237.9 794.6 443.3 1,754.5 -9.0 2,963.1 1,220.3 769.1 451.2 1,742.8 -13.0 3,084.3 1,247.8 798.6 449.2 1,836.5 3.9 3,106.2 1,273.4 811.0 462.4 1,832.8 -1.9 3,103.5 1,285.0 825.9 459.1 1,818.5 -2.3 3,071.5 1,276.4 818.6 457.7 1,795.2 -5.0 3,012.0 1,241.6 787.8 453.7 1,770.5 -10.1 3,002.4 1,247.0 800.8 446.2 1,755.5 -3.1 2,983.2 1,236.4 805.6 430.8 1,746.9 -13.3 2,971.7 1,226.7 784.2 442.5 1,745.0 -9.1 2,961.3 1,219.1 770.7 448.3 1,742.2 -7.5 2,963.5 1,218.5 768.8 449.7 1,745.0 -11.6 2,988.8 1,244.6 791.8 452.8 1,744.3 -11.0 2,938.8 1,198.9 745.0 453.9 1,739.8 -22.2 2,907.4 1,172.8 723.1 449.8 1,734.3 -22.5 2,900.5 1,168.0 722.0 446.1 1,732.1 -22.7 N ote . Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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 2013 S urvey of 57 C u r r e n t B u s in e s s Table 1.1.7. Percent Change From Preceding Period in Prices for Gross Domestic Product [Percent] Seasonally adjusted at annual rates Line 2010 2009 2011 2012 2010 I 2012 2011 III II I IV II IV III I II 2013 III I IV II Gross domestic product. .. 1 0.8 1.2 2.0 1.7 1.3 1.9 1.8 2.1 1.6 2.6 2.5 0.5 2.0 1.8 2.3 1.1 1.3 0.8 Personal consumption expenditures.......................... Goods...................................... Durable goods..................... Nondurable goods............... Services.................................. 2 3 4 5 6 -0.1 -2.3 -1.7 -2.6 1.1 1.7 1.6 -1.4 3.1 1.7 2.4 3.6 -1.0 5.9 1.8 1.8 1.3 -1.2 2.4 2.2 1.4 1.1 -1.6 2.4 1.5 0.5 -2.5 -2.4 -2.5 1.9 1.2 0.6 -2.5 2.2 1.5 2.1 4.0 -1.9 6.9 1.2 3.0 6.0 -0.8 9.3 1.5 3.7 6.3 1.4 8.6 2.4 2.3 2.6 -0.6 4.1 2.2 1.3 0.2 -2.2 1.3 2.0 2.3 2.2 -0.7 3.5 2.3 1.1 -1.2 -1.2 -1.1 2.2 1.7 1.3 -2.2 3.0 1.9 1.6 0.7 -2.1 2.0 2.1 1.1 -1.0 -1.1 -0.9 2.1 0.0 -3.3 -2.0 -4.0 1.8 / 8 9 10 11 -1.0 -1.0 -0.3 -2.2 1.3 -0.9 -0.8 -0.9 -1.2 -2.0 1.3 1.3 1.5 2.9 0.9 1.3 1.3 1.4 1.9 1.3 -0.8 -1.1 -1.5 1.5 -4.2 0.5 0.1 0.9 2.1 -0.2 0.7 0.5 0.6 2.1 1.0 2.1 1.8 1.6 2.5 1.0 1.1 1.4 1.5 2.7 0.7 1.7 2.2 2.3 4.2 1.7 1.0 1.1 1.3 3.7 0.7 0.7 0.7 0.9 2.7 1.0 1.4 1.5 2.1 0.9 2.1 1.6 1.5 1.5 1.9 0.4 1.3 1.4 1.0 0.6 1.4 1.5 1.3 0.8 1.2 1.5 2.1 2.3 1.3 4.0 -0.3 1.8 2.0 1.2 5.3 -0.4 12 13 14 -0.8 -3.5 0.5 -0.4 1.2 0.7 1.4 0.9 -0.3 0.6 1.4 -2.8 -1.0 0.0 1.9 2.3 2.0 0.8 2.2 1.4 0.5 0.1 -0.6 0.1 2.7 -0.8 2.9 1.4 0.7 3.4 -0.6 4.0 1.9 6.3 0.9 5.1 Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products...................... Residential........................... Change in private inventories... Net exports of goods and Exports.................................... Goods.................................. Services.............................. Imports.................................... Goods.................................. Services.............................. 1S 16 17 18 19 20 21 -5.5 -6.7 -2.8 -10.5 -12.2 -2.2 4.4 5.0 3.1 6.0 6.7 2.8 6.4 7.6 3.8 7.8 8.8 2.8 0.9 0.4 2.1 0.5 0.6 0.2 3.9 4.2 3.3 6.4 7.5 1.2 4.7 5.4 3.2 -1.8 -2.4 0.7 1.2 1.4 0.9 -2.2 -2.9 1.5 9.7 12.7 3.4 9.6 10.4 5.9 10.6 12.7 6.0 17.4 20.4 3.7 8.3 9.5 5.7 12.8 14.6 4.5 2.3 1.9 3.2 -0.4 -0.3 -0.7 -4.0 -5.2 -1.0 -0.8 -0.3 -3.2 2.9 2.4 4.0 4.3 4.8 1.6 0.6 -0.1 2.4 -3.7 -4.5 0.5 0.0 0.0 -0.1 -5.0 -5.9 -0.3 1.5 1.1 2.5 4.1 4.5 2.3 1.4 1.2 2.0 0.5 0.6 -0.1 -3.2 -4.4 -0.3 -5.0 -5.9 -0.5 Government consumption expenditures and gross investment.............................. Federal................................... National defense................. Nondefense......................... State and local......................... 22 23 24 25 26 -0.3 -0.3 -0.8 0.7 -0.3 2.7 2.6 2.4 3.1 2.7 2.8 2.7 2.8 2.5 2.9 1.3 0.8 1.0 0.4 1.6 4.8 5.5 5.6 5.4 4.3 3.0 2.9 2.4 3.9 3.1 2.0 1.6 0.8 2.9 2.3 2.9 2.3 2.2 2.3 3.3 3.6 4.2 5.2 2.5 3.1 4.1 3.8 4.2 3.2 4.3 1.7 1.3 1.2 1.7 1.9 -0.5 -1.0 -1.6 0.0 -0.1 2.9 1.5 2.4 0.0 3.8 0.3 0.8 1.2 0.2 -0.1 0.3 0.2 0.4 -0.2 0.4 1.4 0.6 0.8 0.1 1.9 0.9 2.4 2.8 1.8 -0.1 0.2 0.9 0.9 0.9 -0.3 Addenda: Gross national product............ 27 0.8 1.3 2.0 1.7 1.8 1.8 1.8 2.1 1.6 2.7 2.4 0.5 2.0 1.7 2.3 1.1 1.3 0.7 Implicit price deflators: Gross domestic product1.... Gross national product1..... 28 29 0.8 0.8 1.2 1.3 2.0 2.0 1.7 1.7 1.4 1.9 1.8 1.7 1.8 1.8 2.1 2.1 1.6 1.6 2.6 2.6 2.5 2.5 0.5 0.5 2.0 2.0 1.8 1.8 2.1 2.1 1.4 1.4 1.7 1.7 0.7 0.7 1. The percent change for this series is calculated from the implicit price deflator in NIPA table 1.1.9. Table 1.1.8. Contributions to Percent Change in the Gross Domestic Product Price Index Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I II 2012 2011 III I IV II III IV II I 2013 III I IV II Percent change at annual rate: Gross domestic product . .. 1 0.8 1.2 2.0 1.7 1.3 1.9 1.8 2.1 1.6 2.6 2.5 0.5 2.0 1.8 2.3 1.1 1.3 0.8 Percentage points at annual rates: Personal consumption expenditures.......................... Goods...................................... Durable goods..................... Nondurable goods............... Services.................................. 2 3 4 5 6 -0.04 -0.53 -0.13 -0.40 0.49 1.13 0.36 -0.10 0.46 0.76 1.64 0.83 -0.07 0.90 0.81 1.27 0.29 -0.09 0.38 0.98 0.97 0.26 -0.11 0.36 0.71 0.33 -0.56 -0.17 -0.39 0.89 0.81 0.15 -0.18 0.33 0.67 1.44 0.89 -0.14 1.02 0.56 2.01 1.33 -0.06 1.39 0.68 2.52 1.42 0.10 1.31 1.10 1.58 0.60 -0.04 0.64 0.98 0.93 0.04 -0.16 0.21 0.89 1.58 0.51 -0.05 0.55 1.07 0.75 -0.27 -0.09 -0.18 1.02 1.17 0.32 -0.16 0.48 0.86 1.11 0.16 -0.15 0.32 0.95 0.74 -0.23 -0.08 -0.14 0.97 0.02 -0.79 -0.15 -0.64 0.81 Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products...................... Residential........................... Change in private inventories... / 8 9 10 11 -0.15 -0.15 -0.04 -0.08 0.07 -0.12 -0.11 -0.11 -0.03 -0.09 0.18 0.19 0.17 0.07 0.05 0.19 0.19 0.17 0.05 0.07 -0.18 -0.16 -0.17 0.05 -0.22 0.03 0.01 0.09 0.06 -0.03 0.08 0.05 0.06 0.06 0.04 0.31 0.23 0.18 0.06 0.05 0.19 0.19 0.17 0.06 0.04 0.27 0.30 0.26 0.09 0.09 0.16 0.15 0.15 0.09 0.04 0.09 0.10 0.10 0.07 0.06 0.19 0.23 0.25 0.03 0.11 0.22 0.22 0.19 0.05 0.02 0.19 0.21 0.13 0.02 0.08 0.22 0.20 0.09 0.03 0.08 0.32 0.34 0.16 0.11 -0.02 0.28 0.30 0.15 0.14 -0.02 12 13 14 -0.03 -0.11 0.02 -0.01 -0.01 0.05 0.02 -0.01 0.05 0.02 0.05 -0.08 0.02 -0.02 0.00 0.00 0.00 0.08 0.04 -0.03 0.02 0.03 0.07 0.06 0.07 0.08 0.02 0.00 -0.01 0.01 -0.02 -0.04 0.00 0.01 -0.02 0.11 -0.02 -0.04 0.11 0.04 -0.01 0.03 0.09 -0.02 -0.02 0.11 0.02 0.07 0.18 -0.03 0.03 0.15 -0.02 Net exports of goods and services................................. Exports.................................... Goods................................. Services.............................. Imports.................................... Goods.................................. Services.............................. 1b 16 17 18 19 20 21 1.05 -0.67 -0.56 -0.10 1.72 1.66 0.06 -0.36 0.51 0.39 0.11 -0.86 -0.79 -0.08 -0.44 0.81 0.67 0.15 -1.25 -1.17 -0.08 0.04 0.13 0.04 0.09 -0.09 -0.08 0.85 0.56 0.44 0.12 0.29 0.30 -0.02 0.51 0.16 0.13 0.03 0.36 0.40 -0.04 -0.29 1.18 1.06 0.13 -1.48 -1.32 -0.16 -1.32 1.34 1.11 0.23 -2.66 -2.56 -0.10 -0.97 1.09 0.87 0.22 -2.07 -1.94 -0.12 0.38 0.32 0.19 0.13 0.07 0.05 0.02 -0.42 -0.55 -0.51 -0.04 0.13 0.04 0.09 -0.33 0.38 0.23 0.16 -0.72 -0.67 -0.04 0.73 0.08 -0.01 0.10 0.64 0.66 -0.01 0.87 -0.47 0.21 0.10 0.10 -0.67 -0.61 -0.06 0.11 0.19 0.11 0.08 -0.09 -0.09 0.00 -0.48 0.45 0.33 0.12 -0.93 -0.90 -0.03 0.00 0.42 -0.43 -0.42 -0.01 0.85 0.83 0.02 Government consumption expenditures and gross investment.............................. Federal................................... National defense................. Nondefense......................... State and local......................... 22 23 24 25 26 -0.06 -0.02 -0.04 0.02 -0.04 0.57 0.22 0.13 0.09 0.34 0.58 0.23 0.15 0.08 0.35 0.25 0.07 0.05 0.01 0.18 1.02 0.47 0.31 0.16 0.55 0.64 0.25 0.13 0.12 0.39 0.43 0.14 0.05 0.09 0.29 0.59 0.19 0.12 0.07 0.40 0.72 0.35 0.27 0.08 0.37 0.82 0.32 0.22 0.10 0.50 0.34 0.11 0.06 0.05 0.23 -0.10 -0.09 -0.09 0.57 0.12 0.13 0.06 0.07 0.06 0.01 -0.01 0.06 0.01 0.02 -0.01 0.05 0.26 0.04 0.04 0.18 0.18 0.13 0.05 -0.01 0.03 0.07 0.04 0.03 -0.04 0.00 0.00 0.00 -0.01 0.44 0.00 0.00 0.00 0.87 0.86 0.01 0.00 0.22 September 2013 Domestic Product and Income 58 Table 1.1.9. Implicit Price Deflators for Gross Domestic Product [Index numbers, 2009=100] Seasonally adjusted Line Gross domestic product.... Personal consumption expenditures.......................... Goods..................................... Durable goods..................... Nondurable goods............... Services.................................. Gross private domestic investment............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products....................... Residential........................... Change in private inventories... 2009 1 100.000 2010 2011 2010 2012 2012 2011 2013 I II III IV I II III 101.936 102.343 103.002 103.650 103.783 104.750 105.292 105.667 106.105 102.992 103.934 103.800 105.391 97.614 97.950 106.829 109.048 102.592 103.213 104.526 106.064 97.799 110.137 103.765 104.876 105.468 105.748 106.109 106.679 106.365 96.801 97.251 97.095 110.491 111.448 111.125 104.268 104.870 105.449 106.191 106.717 96.258 111.962 105.938 106.620 106.900 95.758 112.520 106.491 101.211 103.199 105.002 100.513 100.958 101.418 2 100.000 101.654 3 100.000 101.637 4 100.000 98.621 5 100.000 103.084 6 100.000 101.663 104.086 105.345 97.649 109.128 103.463 106.009 101.280 106.666 101.783 96.467 99.525 111.765 102.863 105.689 101.036 101.395 101.143 98.921 102.209 101.518 101.695 102.235 101.304 102.305 98.293 97.817 102.755 104.485 101.887 102.201 IV I II III 104.291 IV I II 106.294 106.907 106.915 106.640 105.740 95.500 95.029 112.262 111.124 107.059 107.535 7 8 9 10 11 100.000 100.000 100.000 100.000 100.000 99.076 99.179 99.069 98.843 98.009 100.336 100.506 100.524 101.748 98.928 101.608 101.852 101.977 103.732 100.187 98.839 98.977 98.721 97.980 97.860 98.857 99.022 98.947 98.554 97.809 99.033 99.138 99.092 99.107 98.046 99.553 99.569 99.492 99.712 98.290 99.817 99.914 99.865 100.313 98.457 100.172 100.452 100.441 101.309 98.864 100.560 100.718 100.759 102.215 99.047 100.743 100.899 100.977 102.906 99.307 101.063 101.289 101.498 103.170 99.832 101.488 101.498 102.382 103.442 103.830 101.672 102.039 102.382 102.962 103.473 101.892 102.156 102.349 102.691 103.007 103.690 103.859 104.175 105.200 106.558 99.937 100.299 100.673 100.601 100.505 12 13 14 100.000 100.000 100.539 99.644 101.788 100.392 103.167 101.246 100.293 100.033 100.635 99.331 100.379 99.325 100.850 99.899 101.352 100.111 101.901 100.463 102.027 100.487 101.865 100.499 102.557 100.295 103.301 100.635 103.484 101.471 103.322 102.463 103.813 104.050 104.043 105.361 100.000 100.000 100.000 100.000 100.000 100.000 104.415 105.034 103.096 106.008 106.742 102.849 111.140 113.013 107.039 114.273 116.178 105.713 112.185 113.508 109.312 114.862 116.855 105.895 102.706 102.977 102.145 106.032 106.931 102.150 103.896 104.345 102.950 105.563 106.314 102.320 104.221 104.718 103.177 104.989 105.533 102.697 106.677 107.898 104.035 107.430 108.184 104.193 109.423 111.187 105.570 111.807 113.302 105.145 111.647 113.752 107.037 115.224 117.208 106.302 112.287 114.294 107.889 115.122 117.126 106.126 111.163 111.953 112.789 113.463 107.609 108.661 114.907 116.114 117.051 118.427 105.270 105.679 112.126 113.424 109.309 115.039 117.086 105.823 112.113 113.413 109.290 113.574 115.321 105.740 112.543 113.730 109.972 114.730 116.598 106.336 112.943 114.059 110.529 114.879 116.785 106.308 112.042 112.778 110.459 113.416 115.033 106.164 Government consumption expenditures and gross investment.............................. Federal.................................... National defense.................. Nondefense......................... State and local......................... 22 100.000 23 100.000 24 100.000 25 100.000 26 100.000 102.673 102.614 102.365 103.064 102.714 105.560 106.882 101.667 102.423 105.344 106.184 101.715 102.446 105.191 106.252 101.670 102.261 105.624 106.077 101.804 102.785 105.710 107.371 101.634 102.406 102.937 102.848 102.473 103.524 102.999 103.670 104.581 105.637 103.424 104.497 105.484 103.037 104.341 105.412 104.121 104.784 105.616 103.843 104.639 105.744 106.081 105.837 105.715 106.059 106.251 105.951 106.699 105.563 105.961 105.282 105.914 106.070 106.055 106.222 107.215 106.771 106.183 106.230 106.113 107.184 106.850 107.209 106.225 106.370 106.324 106.545 106.063 106.078 107.288 107.797 107.454 107.006 107.286 106.546 107.775 107.501 107.251 107.527 106.796 107.688 Addendum: Gross national product............ 27 101.321 103.322 101.524 102.044 103.774 103.909 104.419 104.873 105.413 105.788 106.225 106.413 I II III IV I Net exports of goods and Exports................................... Goods.................................. Services.............................. Imports................................... Goods.................................. Services.............................. 1H 16 17 18 19 20 21 100.000 105.126 100.630 101.067 102.461 103.128 Table 1.1.10. Percentage Shares of Gross Domestic Product [Percent] 2009 2010 2011 2012 2011 2010 Line 2013 2012 I II III IV I II III IV II Gross domestic product.... 1 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Personal consumption expenditures.......................... Goods..................................... Durable goods..................... Nondurable goods............... Services.................................. 2 3 4 5 6 68.3 22.2 7.1 15.1 46.1 68.2 22.5 7.2 15.3 45.7 69.0 23.2 7.3 15.9 45.8 68.6 23.2 7.4 15.8 45.4 68.4 22.5 7.1 15.4 45.9 68.1 22.4 7.2 15.2 45.8 68.0 22.3 7.1 15.2 45.7 68.3 22.7 7.2 15.5 45.5 69.1 23.2 7.3 15.9 45.9 69.0 23.2 7.2 16.0 45.8 69.0 23.2 7.2 16.0 45.8 68.8 23.2 7.3 15.9 45.6 68.7 23.2 7.4 15.9 45.4 68.7 23.1 7.4 15.8 45.6 68.4 23.1 7.4 15.8 45.3 68.7 23.3 7.5 15.8 45.4 68.8 23.3 7.5 15.8 45.5 68.6 23.1 7.5 15.6 45.5 7 8 9 10 11 13.0 14.0 11.3 3.0 4.5 14.0 13.6 11.1 2.4 4.9 14.4 14.1 11.7 2.5 5.4 15.2 14.8 12.1 2.7 5.6 13.6 13.5 10.9 2.4 4.7 14.1 13.7 11.0 2.4 4.8 14.4 13.6 11.1 2.4 5.0 14.2 13.7 11.3 2.4 5.1 13.9 13.8 11.3 2.2 5.2 14.2 13.9 11.5 2.4 5.2 14.2 14.3 11.8 2.5 5.4 15.1 14.5 12.0 2.6 5.5 15.3 14.7 12.0 2.6 5.6 15.2 14.8 12.1 2.7 5.6 15.2 14.7 12.0 2.7 5.5 15.2 15.1 12.3 2.8 5.6 15.5 15.1 12.1 2.6 5.6 15.8 15.2 12.2 2.7 5.6 12 13 14 3.8 2.7 -1.0 3.8 2.5 0.4 3.8 2.5 0.2 3.8 2.7 0.4 3.8 2.6 0.1 3.8 2.7 0.3 3.8 2.4 0.8 3.8 2.5 0.4 3.8 2.5 0.1 3.8 2.5 0.3 3.9 2.5 -0.1 3.8 2.5 0.6 3.8 2.6 0.6 3.9 2.6 0.4 3.8 2.7 0.5 3.9 2.9 0.1 3.9 3.0 0.4 3.9 3.1 0.5 Net exports of goods and services................................. Exports.................................... Goods.................................. Services.............................. Imports.................................... Goods.................................. Services.............................. 15 16 17 18 19 20 21 -2.7 11.0 7.4 3.6 13.7 11.0 2.7 -3.5 12.3 8.5 3.8 15.8 13.0 2.7 -3.7 13.5 9.5 4.0 17.2 14.4 2.8 -3.4 13.5 9.5 4.1 16.9 14.1 2.8 -3.4 11.9 8.2 3.7 15.3 12.6 2.7 -3.6 12.1 8.4 3.7 15.7 13.0 2.7 -3.6 12.4 8.5 3.8 16.0 13.2 2.8 -3.3 12.9 9.0 3.9 16.2 13.4 2.8 -3.6 13.3 9.3 4.0 17.0 14.2 2.8 -3.7 13.6 9.5 4.1 17.3 14.5 2.8 -3.5 13.7 9.6 4.1 17.3 14.4 2.8 -3.8 13.5 9.5 4.0 17.3 14.5 2.8 -3.7 13.5 9.5 4.1 17.2 14.5 2.8 -3.5 13.6 9.5 4.1 17.0 14.3 2.8 -3.2 13.4 9.4 4.0 16.7 13.9 2.7 -3.1 13.5 9.4 4.1 16.6 13.9 2.7 -3.2 13.4 9.3 4.1 16.6 13.8 2.8 -3.0 13.5 9.3 4.1 16.5 13.7 2.8 Government consumption expenditures and gross investment.............................. Federal.................................... National defense.................. Nondefense......................... State and local......................... 22 23 24 25 26 21.4 8.4 5.5 3.0 13.0 21.2 8.7 5.6 3.1 12.5 20.3 8.4 5.4 3.0 11.9 19.5 8.0 5.0 2.9 11.5 21.4 8.7 5.5 3.1 12.7 21.4 8.8 5.6 3.2 12.6 21.2 8.8 5.6 3.2 12.4 20.9 8.7 5.5 3.1 12.2 20.7 8.5 5.4 3.1 12.2 20.5 8.5 5.5 3.0 12.0 20.3 8.4 5.5 2.9 11.9 19.9 8.2 5.2 3.0 11.7 19.7 8.1 5.1 3.0 11.6 19.6 8.0 5.1 3.0 11.6 19.5 8.1 5.1 2.9 11.4 19.2 7.8 4.8 2.9 11.4 18.9 7.6 4.7 2.9 11.3 18.7 7.5 4.7 2.9 11.2 Gross private domestic investment.............................. Fixed investment...................... Nonresidential..................... Structures........................ Equipment....................... Intellectual property products....................... Residential........................... Change in private inventories... September 2013 S urvey of 59 C u r r e n t B u s in e s s Table 1.1.11. Real Gross Domestic Product: Percent Change From Quarter One Year Ago [Percent] 2010 2011 2012 2013 Line II I III IV I II IV III I II III IV II I Gross domestic product........................... 1 1.6 2.7 3.0 2.8 2.0 1.9 1.5 2.0 3.3 2.8 3.1 2.0 1.3 1.6 Personal consumption expenditures............... Goods.............................................................. Durable goods............................................. Nondurable goods....................................... Services.......................................................... 2 3 4 5 6 0.7 1.8 3.6 1.0 0.2 2.0 3.8 7.4 2.2 1.1 3.1 5.1 9.3 3.3 2.1 3.1 4.8 9.3 2.8 2.2 2.6 3.5 5.9 2.5 2.2 2.5 2.9 5.5 1.7 2.3 2.0 2.3 5.7 0.7 1.9 2.2 2.7 6.8 0.9 2.0 2.3 3.2 7.8 1.2 1.9 2.2 3.9 8.6 1.7 1.4 2.0 3.5 7.8 1.6 1.3 1.9 3.3 6.9 1.7 1.1 1.8 3.6 7.7 1.7 1.0 Gross private domestic investment.................. Fixed investment............................................. Nonresidential............................................. Structures................................................ Equipment............................................... Intellectual property products................... Residential.................................................. Change in private inventories........................... 7 8 9 10 11 12 13 14 3.9 -4.4 -4.3 -26.7 6.7 2.6 -4.5 16.3 2.6 1.5 -18.4 16.4 1.0 7.0 2.0 3.0 4.1 2.5 1.6 21.1 2.6 4.9 -13.8 19.7 2.2 -6.9 11.1 5.5 8.1 -4.0 20.9 1.8 -5.2 5.5 5.1 6.8 -5.5 16.2 3.1 -1.6 3.7 4.0 6.4 -1.2 11.4 4.9 -6.0 1.1 7.7 8.4 6.7 12.0 4.7 4.6 9.3 8.1 8.6 8.3 11.6 4.9 5.6 14.3 10.5 10.4 20.4 10.7 4.2 10.7 10.1 9.5 9.0 13.9 10.9 3.5 11.6 11.2 6.5 5.0 8.5 4.8 2.8 13.6 3.1 6.8 5.0 9.3 4.5 2.9 15.5 1.7 4.3 2.4 -0.3 2.9 3.5 12.9 4.6 4.6 2.3 1.8 2.3 2.8 14.8 Net exports of goods and services.................. Exports............................................................ Goods......................................................... Services...................................................... Imports............................................................ Goods......................................................... Services...................................................... 15 16 17 18 19 20 21 10.8 13.9 4.4 6.7 8.3 0.1 13.1 17.9 3.6 16.7 20.3 2.2 12.4 14.8 7.3 16.3 19.0 5.0 9.8 11.0 7.0 11.7 13.5 3.7 9.1 9.3 8.5 9.3 10.8 2.3 7.9 7.3 9.2 4.6 4.8 3.3 6.9 6.6 7.7 2.3 2.2 2.8 4.6 5.4 2.7 3.5 3.4 3.9 4.7 4.7 4.6 3.0 2.6 5.2 4.4 5.1 2.9 3.4 3.4 3.9 2.8 4.0 -0.2 2.4 2.6 1.2 2.4 1.4 4.7 0.1 0.0 0.5 1.0 0.2 2.8 0.1 -0.2 1.8 2.1 1.4 3.9 1.2 0.9 2.8 Government consumption expenditures and gross investment........................................... Federal............................................................ National defense......................................... Nondefense................................................. State and local................................................ 22 23 24 25 26 1.4 5.7 5.4 6.3 -1.3 0.3 4.5 2.9 7.4 -2.4 -0.3 4.0 2.6 6.6 -3.1 -1.1 3.2 2.0 5.5 -4.0 -2.3 -0.5 -1.4 1.0 -3.6 -3.3 -2.1 -1.3 -3.5 -4.2 -3.9 -3.8 -2.5 -6.2 -3.9 -3.3 -3.9 -4.2 -3.3 -2.8 -1.7 -1.8 -2.2 -1.2 -1.6 -1.3 -2.3 -4.0 0.8 -0.6 0.2 0.7 -1.7 5.1 -0.2 -1.1 -2.3 -5.0 2.6 -0.3 -1.8 -3.8 -6.2 0.3 -0.5 -2.1 -4.1 -6.1 -0.8 -0.7 Addenda: Final sales of domestic product........................ Gross domestic purchases.............................. Final sales to domestic purchasers.................. Gross domestic income................................... Gross national product.................................... Real disposable personal income.................... 27 28 29 30 31 32 0.4 1.3 0.2 2.0 2.0 -0.2 1.0 3.4 1.7 2.8 3.1 0.3 0.8 3.8 1.6 3.6 3.1 1.8 2.0 3.2 2.5 2.5 2.8 2.5 2.0 2.3 2.2 2.9 2.3 3.7 1.9 1.6 1.6 2.8 2.1 2.3 2.4 1.0 1.8 2.0 1.9 2.2 1.8 1.9 1.7 2.3 2.3 1.4 2.7 3.1 2.5 3.1 3.2 1.3 2.7 2.7 2.6 2.4 2.8 1.8 2.5 3.1 2.4 2.0 2.9 1.3 2.5 1.6 2.1 2.6 1.8 3.6 1.7 1.2 1.5 1.9 1.2 0.4 1.6 1.5 1.5 2.7 1.6 0.7 Price indexes (Chain-type): Gross domestic purchases.......................... Gross domestic purchases excluding food and energy 1........................................... Gross domestic product.............................. Gross domestic product excluding food and energy 1.................................................. Personal consumption expenditures............ Personal consumption expenditures excluding food and energy 1.................... Market-based PCE 2................................... Market-based PCE excluding food and energy2.................................................. 33 1.4 1.6 1.6 1.6 1.8 2.5 2.7 2.3 2.2 1.5 1.4 1.5 1.3 1.1 34 35 1.0 0.5 1.2 1.1 1.4 1.6 1.4 1.8 1.4 1.8 1.8 2.0 1.9 2.2 1.8 1.8 1.9 1.9 1.6 1.7 1.5 1.6 1.5 1.8 1.3 1.6 1.2 1.4 36 37 1.1 2.1 1.4 1.8 1.6 1.4 1.6 1.3 1.6 1.7 1.9 2.5 2.0 2.8 1.8 2.6 1.9 2.4 1.7 1.7 1.5 1.6 1.6 1.7 1.5 1.4 1.3 1.1 38 39 1.6 2.1 1.3 1.6 1.3 1.2 1.0 1.1 1.0 1.7 1.3 2.6 1.6 3.0 1.8 2.7 2.0 2.5 1.9 1.7 1.8 1.5 1.7 1.5 1.5 1.3 1.2 1.0 40 1.4 1.1 1.0 0.7 0.9 1.3 1.6 1.9 2.0 1.9 1.7 1.5 1.4 1.1 1. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 2. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. N ote . Percent changes for real estimates are calculated from corresponding quantity indexes presented in NIPA tables 1.1.3,1.2.3,1.4.3, and 1.7.3. Percent changes in price estimates are calculated from corresponding price indexes presented in NIPA tables 1.1.4,1.6.4, and 2.3.4. September 2013 Domestic Product and Income 60 Table 1.2.1. Percent Change From Preceding Period in Real Gross Domestic Product by Major Type of Product [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product..... Final sales of domestic product.......................... Change in private inventories..................... II 2012 2011 III IV II I IV III I II 2013 IV III II I 1 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 2 -2.0 1.0 2.0 2.6 0.0 2.8 0.9 4.5 -0.3 2.4 3.0 2.1 3.4 2.2 2.2 2.2 0.2 1.9 Goods.......................................... Final sales............................. Change in private inventories Durable goods........................... Final sales............................. Change in private inventories 1 Nondurable goods..................... Final sales............................. Change in private inventories 1 4 5 -5.6 -3.0 8.6 3.3 4.3 4.9 5.1 4.5 10.4 4.4 4.7 1.0 9.7 3.0 6.0 12.2 -0.9 2.6 5.9 3.3 -0.3 5.2 15.5 5.7 5.6 4.6 0.6 3.8 4.8 2.9 -1.2 5.6 5.5 2.3 5.0 3.0 7 8 q 10 11 1? -10.2 -6.3 11.2 3.9 6.6 6.4 5.3 4.7 21.9 7.7 7.4 5.1 8.8 3.5 4.6 11.2 7.5 4.7 6.2 6.3 4.9 6.5 8.1 7.0 7.6 4.1 i.9 1.9 4.3 3.4 0.6 6.4 0.7 3.3 4.3 3.4 0.7 1.6 5.4 2.5 1.5 3.1 4.9 4.3 -2.4 0.5 1.4 -3.9 10.8 2.3 7.7 13.4 -10.6 0.0 5.4 -0.3 -6.8 3.5 25.7 4.1 3.1 5.3 -0.9 6.4 5.4 2.2 -3.3 4.5 11.7 1.1 5.8 2.6 Services 2..................................... 13 0.4 1.1 1.1 1.2 0.1 2.0 1.7 1.6 0.2 1.5 1.3 -0.2 2.4 1.1 1.6 -0.6 0.3 0.6 Structures..................................... 14 -15.3 -7.8 -1.7 7.3 -16.7 18.3 -13.8 0.5 -15.3 8.2 9.5 8.4 7.3 4.5 4.7 12.7 -9.2 9.1 15 -24.3 30.2 10.1 13.2 36.8 18.0 24.1 -13.2 31.5 -5.2 11.0 25.4 28.4 6.3 0.2 -2.8 9.2 11.5 16 17 -2.3 3.7 2.0 -4.5 1.7 10.2 2.5 12.9 0.9 27.5 3.6 -27.2 2.3 -8.0 3.2 34.6 -2.0 22.6 3.4 0.5 1.1 -2.8 4.4 44.3 3.1 35.0 1.1 -21.7 2.9 0.9 0.2 50.3 0.9 17.5 2.3 17.4 18 -2.8 2.5 1.8 2.7 1.5 4.1 2.8 2.7 -1.4 3.2 1.4 4.7 3.6 1.3 2.8 0.0 1.1 2.5 19 20 -3.8 -1.0 2.9 1.9 1.6 1.3 2.5 -0.3 2.4 1.1 5.6 -1.0 3.6 5.7 1.4 2.2 -1.3 -0.1 2.4 1.0 1.1 1.1 5.2 -0.3 3.0 -1.1 1.1 -2.2 2.9 1.7 -0.9 0.4 1.4 -0.2 2.5 -0.2 21 -2.9 2.5 1.9 2.9 1.6 4.0 2.7 2.8 -1.3 3.2 1.4 5.0 3.8 1.3 2.8 0.1 1.2 2.6 22 -1.3 2.3 4.0 4.4 1.3 4.7 2.7 6.6 1.4 5.2 5.5 2.6 5.5 3.9 4.6 3.3 1.6 2.7 Addenda: Motor vehicle output.................. Gross domestic product excluding motor vehicle output Final sales of computers 3......... Gross domestic product excluding final sales of computers.............................. Gross domestic purchases excluding final sales of computers to domestic purchasers............................. Research and development....... Gross domestic product excluding research and development.......................... Final sales of domestic product, current dollars........................ fi 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. Some components of final sales of computers include computer parts. Table 1.2.2. Contributions to Percent Change in Real Gross Domestic Product by Major Type of Product Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I II 2012 2011 III IV I II III IV I II 2013 III IV I II Percent change at annual rate: Gross domestic product..... -2.8 2.5 2 -2.05 3 -0.76 Goods.......................................... Final sales............................. Change in private inventories Durable goods........................... Final sales............................. Change in private inventories 1 Nondurable goods..................... Final sales............................. Change in private inventories 1 4 5 6 7 8 9 10 11 12 -1.63 -0.87 -0.76 -1.71 -1.07 -0.64 0.08 0.20 -0.11 Services 2.................................... 13 0.23 Structures.................................... 14 -1.40 Percentage points at annual rates: Final sales of domestic product.......................... Change in private inventories..................... Addenda: Motor vehicle output.................. Gross domestic product excluding motor vehicle output Final sales of computers 3......... Gross domestic product excluding final sales of computers.............................. Research and development....... Gross domestic product excluding research and development.......................... 1 2.8 -1.3 0.88 4.44 -0.23 2.46 1.90 -1.64 -1.06 0.72 2.74 0.85 1.90 1.40 0.57 0.83 1.35 0.28 1.07 1.74 3.37 -1.64 0.77 1.74 -0.97 0.96 1.63 -0.67 -0.31 0.76 -1.06 1.23 0.78 0.46 -1.54 -0.02 -1.52 1.71 0.98 0.72 1.04 1.03 0.01 0.67 -0.04 0.71 1.03 0.13 0.04 -1.11 1.8 2.8 1.6 3.9 2.8 1.06 2.01 2.58 -0.07 2.81 1.45 -0.16 0.20 1.66 1.09 2.39 0.94 1.45 1.71 0.62 1.09 0.68 0.33 0.36 1.26 1.42 -0.16 1.07 1.03 0.04 0.20 0.40 -0.20 1.53 1.33 0.20 0.89 0.77 0.12 0.64 0.56 0.08 2.90 1.24 1.66 3.14 1.18 1.96 -0.24 0.06 -0.30 1.40 0.31 1.09 1.17 0.82 0.35 0.23 -0.51 0.74 0.72 0.70 0.76 0.02 1.30 1.09 -0.61 -0.12 0.49 -1.33 1.20 -1.05 3.2 1.4 4.9 3.7 1.2 2.8 2.96 2.13 -1.60 2.73 -0.10 1.50 -1.60 0.81 1.04 -0.23 -0.92 0.45 -1.37 4.43 1.69 2.73 1.35 1.14 0.20 3.08 0.55 2.53 0.95 0.85 0.53 0.62 0.1 1.1 3.35 2.11 0.36 -0.91 1.72 1.37 0.36 1.24 0.67 0.58 0.48 0.70 -0.22 0.22 1.12 -0.91 0.31 0.30 0.01 -0.09 0.83 -0.92 -0.12 1.50 0.56 0.49 2.5 2.19 2.14 0.21 1.93 0.60 -2.00 0.93 0.59 1.46 0.86 0.60 0.72 0.56 0.16 0.74 0.30 0.44 -0.36 1.64 -2.00 0.09 1.03 -0.94 -0.45 0.61 -1.05 1.63 0.70 0.93 0.12 0.54 -0.42 1.51 0.15 1.35 1.50 0.92 0.59 0.72 0.57 0.15 0.78 0.35 0.44 0.69 1.00 -0.35 0.21 0.37 0.30 0.32 0.85 -0.70 0.64 15 -0.53 0.53 0.23 0.32 0.67 0.38 0.50 -0.32 0.63 -0.13 0.25 0.57 0.66 0.17 0.01 -0.07 0.24 0.30 16 17 -2.27 0.02 1.98 -0.02 1.62 0.04 2.46 0.05 0.92 0.11 3.53 -0.14 2.28 -0.03 3.13 0.12 -1.92 0.09 3.32 0.01 1.11 -0.01 4.30 0.15 3.05 0.13 1.04 -0.11 2.78 0.00 0.22 0.16 0.91 0.07 2.21 0.07 18 19 -2.82 -0.02 2.53 0.05 1.81 0.04 2.73 -0.01 1.48 0.03 4.04 -0.03 2.81 0.14 2.68 0.06 -1.38 0.00 3.18 0.03 1.37 0.03 4.72 -0.01 3.58 -0.03 1.31 -0.06 2.78 0.04 -0.02 0.01 1.08 0.00 2.45 0.00 20 -2.78 2.46 1.81 2.79 1.56 3.93 2.63 2.75 -1.29 3.16 1.33 4.87 3.74 1.26 2.74 0.13 1.15 2.52 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. Some components of final sales of computers include computer parts. September 2013 S urvey 61 C u r r e n t B u s in e s s of Table 1.2.3. Real Gross Domestic Product by Major Type of Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Gross domestic product..... Final sales of domestic product.......................... Change in private 2012 2011 II III IV I II III IV I II 2013 III IV II I 1 100.000 102.507 104.400 107.302 101.247 102.220 102.923 103.638 103.302 104.115 104.468 105.716 106.683 107.003 107.741 107.780 108.087 108.760 2 100.000 105.751 100.829 103.482 105.460 106.610 107.177 101.045 103.082 100.129 101.049 102.172 102.103 102.721 104.022 104.898 106.038 106.666 S Goods........................................... Final sales............................. Change in private inventories Durable goods........................... Final sales............................. Change in private inventories 1 Nondurable goods..................... Final sales............................. Change in private inventories1 / 8 q 10 11 1? Services 2.................................... 13 100.000 101.125 Structures................................... 14 100.000 92.230 90.647 97.238 15 100.000 130.249 Addenda: Motor vehicle output.................. Gross domestic product excluding motor vehicle output Final sales of computers 3......... Gross domestic product excluding final sales of computers.............................. Gross domestic purchases excluding final sales of computers to domestic purchasers............................. Research and development....... Gross domestic product excluding research and development.......................... 4 100.000 108.568 113.247 119.044 105.995 107.220 109.726 5 100.000 103.254 108.342 113.216 101.933 102.193 102.941 fi 111.329 111.069 112.660 112.565 116.693 118.294 118.485 119.877 119.520 121.121 122.595 105.948 106.626 107.499 108.860 110.381 111.636 112.692 113.495 115.042 115.700 116.566 100.000 111.243 118.549 100.000 103.850 110.537 124.849 115.729 108.292 101.749 110.237 103.025 112.583 103.913 113.862 106.711 115.944 107.954 117.687 109.608 119.110 111.343 121.454 113.241 123.700 114.389 124.292 114.919 125.614 115.895 125.788 117.715 126.014 118.669 127.340 119.668 100.000 100.000 112.182 110.150 103.258 102.169 103.619 101.162 106.314 101.737 108.293 104.994 105.297 104.985 106.703 104.915 104.854 105.828 111.024 106.898 111.884 108.283 111.618 109.963 113.087 110.564 112.137 111.792 115.277 112.105 116.914 112.815 102.244 103.463 100.427 100.937 101.366 101.770 101.811 102.181 102.520 102.464 103.077 103.364 103.778 103.634 103.723 103.877 105.371 102.515 106.969 105.657 91.010 94.909 91.442 91.560 87.843 89.583 91.644 93.516 95.170 96.212 97.313 100.256 97.863 100.024 143.428 162.380 123.929 129.163 136.321 131.583 140.914 139.040 142.723 151.033 160.764 163.240 163.327 162.190 165.810 170.380 16 100.000 102.016 103.707 17 100.000 95.545 105.257 106.319 118.857 100.848 100.481 101.744 102.330 92.830 90.925 103.142 97.945 102.633 103.067 103.495 103.201 103.789 102.459 104.909 105.718 112.300 121.057 105.999 113.872 106.749 114.126 106.809 126.373 107.057 131.570 107.660 136.959 18 100.000 102.540 104.400 107.260 101.251 102.265 102.979 103.666 103.306 104.122 104.479 105.694 106.630 106.979 107.718 107.713 108.003 108.660 19 100.000 20 100.000 102.857 101.911 104.553 103.275 107.203 102.944 101.265 101.268 102.649 101.002 103.572 102.401 103.942 102.972 103.614 102.958 104.224 103.218 104.518 103.502 105.858 103.424 106.651 103.131 106.954 102.554 107.722 102.990 107.486 103.103 107.871 103.064 108.540 103.017 21 102.523 104.431 107.421 101.246 102.253 102.937 103.655 103.311 104.139 104.494 105.779 106.780 107.125 107.870 107.908 108.225 108.918 100.000 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. Some components of final sales of computers include computer parts. Table 1.2.4. Price Indexes for Gross Domestic Product by Major Type of Product [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Gross domestic product..... Final sales of domestic product.......................... Change in private II 2012 2011 III IV I II III IV I II 2013 III IV I II 1 100.000 101.215 103.203 105.008 100.509 100.972 101.432 101.948 102.354 103.024 103.651 103.782 104.296 104.751 105.345 105.640 105.994 106.193 2 100.000 103.802 105.374 101.217 103.217 105.033 100.525 100.975 101.430 101.936 102.355 103.041 103.670 104.322 104.774 105.663 100.000 100.000 99.722 101.212 99.743 101.271 102.471 102.561 99.047 99.123 99.308 99.336 99.912 100.619 100.621 101.020 101.780 101.427 101.669 102.118 103.170 102.929 99.920 100.594 100.637 101.088 101.855 101.502 101.757 102.199 103.277 103.011 100.000 100.000 99.182 99.303 99.453 99.525 99.860 99.932 99.210 99.339 99.122 99.247 99.137 99.259 99.257 99.368 99.239 99.314 99.469 99.534 99.615 99.683 99.492 99.568 100.000 100.386 103.461 100.000 100.295 103.499 105.859 105.941 98.815 98.844 99.520 99.439 100.878 100.753 102.332 102.145 102.361 102.313 102.989 103.066 104.577 104.640 103.915 103.976 106.024 106.230 3 Goods.......................................... Final sales............................. Change in private inventories Durable goods........................... Final sales............................. Change in private inventories 1 Nondurable goods..................... Final sales............................. Change in private inventories 1 4 5 6 / 8 q 10 11 1? Services 2..................................... 13 100.000 102.091 Structures.................................... Addenda: Motor vehicle output.................. Gross domestic product excluding motor vehicle output Final sales of computers 3......... Gross domestic product excluding final sales of computers............................. Implicit price deflator for final sales of domestic product...... Research and development....... Gross domestic product excluding research and development.......................... 14 100.000 104.284 106.333 99.574 101.862 99.750 99.828 99.995 100.066 99.948 100.019 99.746 99.815 104.133 104.852 104.223 104.933 107.372 107.477 107.079 107.133 102.798 102.489 102.902 102.603 99.834 99.903 99.895 99.962 106.657 105.861 106.763 105.993 103.339 104.122 104.679 104.994 105.680 106.127 106.497 107.027 107.530 107.874 99.602 100.227 100.755 101.574 102.256 102.862 103.077 103.622 104.149 104.766 105.946 107.155 101.333 101.934 102.342 102.754 103.903 99.191 99.274 104.085 106.765 108.896 103.508 103.973 104.270 104.590 104.948 106.421 107.880 108.320 108.985 109.030 109.248 109.475 110.221 16 100.000 101.159 17 100.000 91.246 103.131 83.430 104.928 77.703 100.450 93.566 100.913 101.377 92.375 90.070 101.898 88.972 102.305 86.273 102.956 103.565 103.697 85.178 81.909 80.361 104.213 80.361 104.661 79.096 105.270 76.888 105.568 74.469 105.924 72.856 106.109 71.093 18 100.000 101.264 103.299 105.145 100.544 101.014 101.487 102.011 102.432 103.111 103.758 103.897 104.414 104.879 105.488 105.799 106.164 106.376 19 100.000 101.216 20 100.000 102.648 103.217 105.531 105.033 108.260 100.522 101.583 100.972 102.628 101.426 102.569 101.931 103.813 102.351 104.579 103.037 103.666 105.646 105.999 103.798 105.900 104.318 104.771 106.979 108.337 105.371 108.877 105.660 108.846 106.021 109.610 106.227 109.732 21 103.141 104.922 100.480 100.928 101.402 101.899 102.295 102.954 103.725 104.225 104.656 105.252 105.556 105.899 106.100 15 100.000 100.000 101.177 107.809 103.589 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. Some components of final sales of computers include computer parts. 62 Domestic Product and Income September 2013 Table 1.2.5. Gross Domestic Product by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 Gross domestic product..... Final sales of domestic product.......................... Change in private inventories..................... 2011 2010 I II III IV I 2012 III II IV I II 2013 III IV I II 1 14,417.9 14,958.3 15,533.8 16,244.6 14,672.5 14,879.2 15,049.8 15,231.7 15,242.9 15,461.9 15,611.8 15,818.7 16,041.6 16,160.4 16,356.0 16,420.3 16,535.3 16,667.9 2 14,565.5 14,896.7 15,497.4 16,178.5 14,660.4 14,829.0 14,928.2 15,169.3 15,221.4 15,416.2 15,625.3 15,726.8 15,938.7 16,093.6 16,274.4 16,407.3 16,471.9 16,582.9 3 -147.6 61.5 36.4 66.1 12.1 50.1 121.5 62.4 21.5 45.8 -13.5 91.9 102.9 66.8 81.6 13.0 63.4 85.0 4 5 6 7 8 9 10 11 12 4,059.9 4,207.5 -147.6 2,216.8 2,333.8 -117.0 1,843.1 1,873.7 -30.6 4,394.7 4,333.2 61.5 2,445.8 2,406.8 39.0 1,948.9 1,926.4 22.5 4,652.8 4,616.4 36.4 2,613.7 2,567.5 46.2 2,039.1 2,048.9 -9.8 4,951.6 4,885.5 66.1 2,763.7 2,699.1 64.6 2,187.9 2,186.5 1.5 4,263.0 4,250.9 12.1 2,381.9 2,359.0 22.9 1,881.1 1,892.0 -10.9 4,320.9 4,270.8 50.1 2,422.2 2,386.3 35.9 1,898.7 1,884.5 14.2 4,448.9 4,327.4 121.5 2,473.8 2,407.1 66.7 1,975.1 1,920.2 54.9 4,546.2 4,483.8 62.4 2,505.3 2,474.7 30.6 2,040.9 2,009.1 31.8 4,536.0 4,514.6 21.5 2,550.9 2,502.1 48.8 1,985.1 2,012.4 -27.3 4,617.8 4,572.0 45.8 2,595.1 2,546.1 49.0 2,022.7 2,025.9 -3.3 4,651.6 4,665.1 -13.5 2,630.0 2,590.3 39.8 2,021.6 2,074.8 -53.2 4,805.8 4,713.8 91.9 2,678.6 2,631.4 47.2 2,127.1 2,082.4 44.7 4,882.3 4,779.3 102.9 2,735.2 2,665.0 70.2 2,147.1 2,114.3 32.8 4,912.3 4,845.5 66.8 2,754.9 2,683.8 71.1 2,157.4 2,161.7 -4.3 5,013.1 4,931.5 81.6 2,783.1 2,705.3 77.8 2,230.0 2,226.2 3.8 4,998.8 4,985.8 13.0 2,781.5 2,742.2 39.3 2,217.3 2,243.7 -26.3 5,072.4 5,009.0 63.4 2,788.9 2,766.9 22.0 2,283.6 2,242.2 41.4 5,116.9 5,031.9 85.0 2,819.9 2,791.8 28.1 2,297.1 2,240.1 57.0 Services 2..................................... 13 9,217.0 9,515.6 9,483.1 9,561.5 9,638.3 9,697.0 9,806.1 9,891.2 9,915.6 10,040.1 10,110.7 10,186.6 10,223.1 10,279.9 10,328.1 14 1,141.1 1,047.9 9,827.5 10,140.1 1,053.6 1,152.9 9,379.6 Structures.................................... 1,030.0 1,075.2 1,039.4 1,047.2 1,009.8 1,038.1 1,069.1 1,097.4 1,119.2 1,137.5 1,156.4 1,198.4 1,183.0 1,222.9 15 246.8 334.3 316.2 331.1 350.5 339.3 364.6 364.8 379.4 401.8 429.5 438.8 439.2 437.0 447.8 463.1 Goods.......................................... Final sales............................. Change in private inventories Durable goods........................... Final sales............................. Change in private inventories 1 Nondurable goods..................... Final sales............................. Change in private inventories 1 Addenda: Motor vehicle output.................. Gross domestic product excluding motor vehicle output Final sales of computers 3......... Gross domestic product excluding final sales of computers.............................. Research and development....... Gross domestic product excluding research and development.......................... 377.7 436.1 16 14,171.1 14,624.0 15,156.2 15,808.5 14,356.3 14,548.1 14,699.3 14,892.4 14,878.3 15,097.1 15,232.5 15,416.9 15,612.1 15,721.7 15,916.9 15,983.3 16,087.5 16,204.8 17 72.5 63.2 63.7 66.9 68.1 62.1 59.4 63.2 60.9 64.5 63.8 65.5 70.6 65.3 63.6 69.5 70.6 68.3 18 14,345.5 14,895.1 15,470.2 16,177.6 14,604.4 14,817.0 14,990.4 15,168.5 15,178.4 15,398.2 15,551.0 15,753.2 15,971.0 16,095.1 16,292.4 16,352.1 16,465.8 16,597.3 417.7 19 374.8 392.1 408.5 385.6 388.5 393.6 400.7 408.7 411.2 410.5 416.4 423.4 423.7 403.6 413.5 420.3 420.6 20 14,043.1 14,566.2 15,125.4 15,826.9 14,286.9 14,490.7 14,656.1 14,831.0 14,839.4 15,053.2 15,200.6 15,408.2 15,628.1 15,744.0 15,935.8 15,999.7 16,111.9 16,244.2 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost of production. 3. Some components of final sales of computers include computer parts. Table 1.2.6. Real Gross Domestic Product by Major Type of Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product..... Final sales of domestic product.......................... Change in private inventories..................... Residual............................ II 2011 III IV I IV I II III IV I II 2 14,565.5 14,717.7 15,014.4 15,403.2 14,584.3 14,686.3 14,718.3 14,881.8 14,871.9 14,961.8 15,072.7 15,151.3 15,278.9 15,360.8 15,444.9 15,528.3 15,536.4 15,610.8 -147.6 0.0 58.2 3.5 33.6 4.4 57.6 9.9 9.8 3.6 48.8 2.9 116.2 4.8 58.1 2.5 22.0 0.1 5 6 7 8 9 10 11 12 13 4,059.9 4,207.5 -147.6 2,216.8 2,333.8 -117.0 1,843.1 1,873.7 -30.6 4,407.7 4,344.4 58.2 2,466.1 2,423.7 37.7 1,942.1 1,920.8 21.1 4,597.7 4,558.4 33.6 2,628.0 2,579.7 42.9 1,971.5 1,979.6 -6.5 4,833.1 4,763.5 57.6 2,767.7 2,700.9 59.8 2,067.6 2,063.8 2.3 4,303.3 4,288.8 9.8 2,400.6 2,374.6 22.3 1,903.1 1,914.3 -11.8 4,353.0 4,299.8 48.8 2,443.7 2,404.4 34.8 1,909.8 1,895.4 14.5 4,454.8 4,331.2 116.2 2,495.8 2,425.1 64.6 1,959.5 1,906.2 52.2 4,519.8 4,457.7 58.1 2,524.1 2,490.5 29.2 1,995.9 1,967.2 29.4 Services 2..................................... 14 9,217.0 9,320.7 9,423.8 9,536.2 9,256.4 9,303.4 9,342.9 Structures..................................... Residual........................................ 15 16 1,141.1 -0.1 1,052.4 3.0 1,034.3 -1.4 1,109.5 -1.8 1,038.5 3.4 1,083.0 2.5 1,043.4 4.9 17 246.8 321.5 354.0 400.8 305.9 318.8 336.5 Addenda: Motor vehicle output.................. Gross domestic product excluding motor vehicle output Final sales of computers 3......... Gross domestic product excluding final sales of computers.............................. Research and development....... Gross domestic product excluding research and development.......................... III 2013 1 14,417.9 14,779.4 15,052.4 15,470.7 14,597.7 14,738.0 14,839.3 14,942.4 14,894.0 15,011.3 15,062.1 15,242.1 15,381.6 15,427.7 15,534.0 15,539.6 15,583.9 15,681.0 3 4 Goods.......................................... Final sales............................. Change in private inventories Durable goods........................... Final sales............................. Change in private inventories 1 Nondurable goods..................... Final sales............................. Change in private inventories 1 II 2012 -11.0 0.4 80.6 10.2 4,509.3 4,486.2 22.0 2,570.3 2,519.5 45.4 1,940.7 1,967.1 -20.4 42.9 6.6 4,573.9 4,523.0 42.9 2,608.9 2,558.0 45.3 1,966.6 1,965.7 0.3 4,737.6 4,644.2 80.6 2,692.4 2,642.8 43.9 2,046.3 2,002.9 37.5 89.2 13.5 4,802.6 4,697.1 89.2 2,742.2 2,669.6 65.0 2,062.1 2,028.8 27.7 56.8 10.1 4,810.4 4,741.5 56.8 2,755.3 2,682.0 65.8 2,057.2 2,060.3 ^ .0 4,570.0 4,580.3 -11.0 2,640.5 2,598.5 36.9 1,932.5 1,982.8 -43.5 9,380.2 9,383.9 9,418.0 1,044.8 1.1 1,002.3 -3.8 1,022.2 1.8 324.8 347.8 343.2 4,866.9 4,775.3 77.2 2,784.6 2,704.8 72.1 2,084.3 2,071.6 9.9 7.3 4.0 4,852.4 4,840.4 7.3 2,788.5 2,747.2 36.3 2,066.8 2,094.6 -24.5 42.2 5.3 4,917.4 4,868.1 42.2 2,793.5 2,769.5 20.4 2,124.7 2,100.5 22.1 62.6 7.6 4,977.2 4,904.5 62.6 2,822.9 2,792.8 26.1 2,154.8 2,113.8 36.4 9,449.2 9,444.0 9,500.6 1,045.7 -7.5 1,067.1 3.9 1,085.9 4.0 9,527.0 9,565.2 9,552.0 9,560.1 9,574.3 1,097.8 -1.2 1,110.4 0.0 1,144.0 -10.0 1,116.7 -5.4 1,141.3 -3.7 352.3 372.8 396.8 402.9 403.1 400.3 409.3 420.5 77.2 11.9 18 14,171.1 14,456.8 14,696.4 15,066.6 14,291.3 14,418.2 14,501.2 14,616.3 14,544.3 14,666.5 14,708.0 14,866.8 14,981.5 15,021.3 15,127.5 15,136.0 15,171.1 15,256.6 19 72.5 86.2 72.8 69.3 76.3 67.3 65.9 71.0 74.7 74.3 81.4 87.8 95.4 74.8 82.5 82.7 91.6 99.3 20 14,345.5 14,709.8 14,976.7 15,386.9 14,525.0 14,670.3 14,772.8 14,871.3 14,819.7 14,936.8 14,988.0 15,162.2 15,296.6 15,346.6 15,452.6 15,451.9 15,493.5 15,587.7 21 374.8 382.0 387.1 385.8 379.6 378.6 383.8 385.9 387.9 387.6 384.4 385.9 386.9 386.5 386.0 386.4 386.3 386.1 22 14,043.1 14,397.4 14,665.3 15,085.2 14,218.1 14,359.5 14,455.5 14,556.5 14,508.0 14,624.4 14,674.3 14,854.7 14,995.3 15,043.7 15,148.4 15,153.6 15,198.1 15,295.4 1. Estimates for durable goods and nondurable goods for 1996 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. Includes government consumption expenditures, which are for services (such as education and national defense) produced by government. In current dollars, these services are valued at their cost o f production. 3. Some components of final sales of computers include computer parts. N ote . Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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 private inventories is the difference between gross domestic product and the sum of final sales of domestic product and o f change in private inventories; the residual line following structures is the difference between gross domestic product and the sum o f the detailed lines of goods, of services, and of structures. September 2013 S urvey C u r r e n t B u s in e s s of 63 Table 1.3.1. Percent Change From Preceding Period in Real Gross Value Added by Sector [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I II IV I 2013 2012 2011 III II III IV II I III IV II I Gross domestic product . .. 1 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 Business 1.................................. Nonfarm 2................................ Farm........................................ 2 3 4 -4.1 -4.3 15.9 3.1 3.2 1.5 2.4 2.5 -5.1 3.6 3.7 -1.1 1.8 2.1 -16.9 5.0 4.7 29.8 4.2 4.2 -1.2 3.7 4.2 -25.6 -1.9 -2.1 12.1 4.1 4.7 -31.3 1.8 1.7 6.6 6.4 5.9 43.0 4.9 5.0 -3.0 1.6 1.6 5.1 3.6 4.1 -30.8 0.2 0.7 -27.0 1.4 -0.3 179.6 3.4 3.7 -14.0 Households and institutions.... Households............................. Nonprofit institutions serving households 3....................... 5 6 0.2 -0.5 0.9 0.5 1.0 0.3 0.6 -0.3 1.3 1.3 0.1 -0.3 -0.5 -1.5 0.7 0.0 1.3 1.6 2.0 1.1 0.9 -0.8 1.0 0.3 0.4 -0.6 0.2 -0.6 0.4 0.1 0.2 -0.6 1.2 1.2 -0.1 -0.5 7 1.2 1.5 1.8 1.8 1.2 0.7 0.8 1.6 1.1 3.2 3.2 1.9 1.8 1.2 0.7 1.2 1.3 0.3 General governm ent4............... Federal.................................... State and local......................... 8 9 10 1.9 5.1 0.4 0.6 3.4 -0.7 -0.4 1.0 -1.0 0.0 -0.1 0.0 0.5 4.5 -1.3 1.8 6.6 -0.4 -1.5 -1.3 -1.7 -0.4 0.8 -1.0 -0.2 1.7 -1.2 -0.5 0.6 -1.1 -0.7 0.0 -1.0 0.2 0.9 -0.2 0.3 -0.1 0.5 -0.3 -0.8 -0.1 0.6 -0.6 1.2 -0.4 -0.6 -0.3 -0.3 -1.2 0.1 -0.1 -1.5 0.6 Addendum: Gross housing value added..... 11 0.8 1.4 1.7 0.7 1.8 0.7 0.1 1.6 2.9 2.4 0.7 1.4 0.5 0.3 0.6 -0.2 1.3 0.2 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.3. Real Gross Value Added by Sector, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line Gross domestic product. .. 2009 1 100.000 2010 102.507 2011 2012 104.400 107.302 2010 2012 2011 I II III 101.247 102.220 102.923 IV I II III 2013 IV I II IV I II III 103.638 103.302 104.115 104.468 105.716 106.683 107.003 107.741 107.780 108.087 108.760 110.086 110.455 85.858 102.564 100.393 102.876 102.844 100.689 100.570 Business 1.................................. Nonfarm 2................................ Farm....................................... 2 100.000 103.138 105.613 3 100.000 103.156 105.738 4 100.000 101.507 96.373 109.449 109.652 95.296 101.444 101.475 98.564 102.683 103.734 102.651 103.717 105.198 104.869 104.693 104.783 97.397 104.186 104.228 100.216 105.227 105.429 91.229 105.698 105.883 92.690 107.341 108.624 109.065 107.413 108.727 109.156 101.358 100.587 101.852 110.021 110.271 92.889 Households and institutions.... Households............................. Nonprofit institutions serving households 3....................... 5 100.000 6 100.000 100.894 101.857 100.483 100.801 102.471 100.531 100.897 100.728 100.918 100.792 100.645 100.275 100.971 100.283 101.310 100.673 101.803 100.946 102.030 100.751 102.284 100.836 102.514 100.546 100.000 101.461 103.309 105.134 101.130 101.294 101.504 101.916 102.188 102.984 103.789 104.274 104.730 105.045 105.218 105.545 105.878 105.965 General governm ent4............... Federal................................... State and local........................ 8 100.000 9 100.000 10 100.000 100.622 103.418 99.326 100.241 100.233 104.444 104.379 98.291 98.309 100.502 102.296 99.672 100.954 103.940 99.570 100.563 103.609 99.151 100.467 100.408 103.824 104.259 98.622 98.911 100.282 104.422 98.361 100.113 104.424 98.113 100.160 104.669 98.067 100.239 104.647 98.194 100.161 104.448 98.173 100.321 104.295 98.477 100.209 100.124 104.126 103.807 98.392 98.415 100.095 103.409 98.558 Addendum: Gross housing value added..... 11 101.417 103.159 101.167 101.352 101.376 101.772 103.129 103.318 103.676 103.796 103.883 104.029 103.969 104.314 104.366 7 100.000 103.919 102.511 102.381 100.672 102.423 100.515 110.463 110.382 111.020 111.389 111.398 106.910 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.4. Price Indexes for Gross Value Added by Sector [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 2012 2011 II III IV 104.751 105.345 105.640 104.362 103.870 152.852 104.881 104.399 152.189 105.591 105.803 106.170 106.325 105.015 105.146 105.384 105.652 162.598 172.290 186.517 175.877 101.430 101.612 102.569 101.164 101.625 102.139 102.934 102.670 103.466 103.110 104.191 103.604 104.622 104.175 104.983 II III IV I II III Gross domestic product . .. 1 100.000 101.215 103.203 105.008 100.509 100.972 101.432 101.948 102.354 103.024 103.651 Business 1................................. Nonfarm 2................................ Farm....................................... 2 100.000 3 100.000 4 100.000 101.155 103.294 100.997 102.755 116.392 156.875 105.159 100.479 104.608 100.385 159.982 109.526 100.872 100.789 108.846 101.318 101.952 101.158 101.657 116.610 130.588 102.371 101.886 150.290 103.075 102.502 160.171 103.779 103.952 103.176 103.456 164.047 152.990 Households and institutions.... Households............................. Nonprofit institutions serving households 3....................... 5 100.000 6 100.000 7 100.000 100.106 101.505 103.846 General governm ent4............... Federal................................... State and local........................ 8 100.000 9 100.000 10 100.000 102.941 103.098 102.866 104.716 105.161 104.502 105.841 105.770 105.881 Addendum: Gross housing value added..... 11 99.698 101.037 103.232 I 100.000 99.835 99.637 101.168 100.923 103.290 102.881 99.360 99.669 99.729 99.531 98.935 100.001 101.831 102.787 102.232 102.932 101.638 102.718 99.690 99.601 100.127 99.770 100.595 101.036 100.216 100.686 100.872 100.617 101.113 103.395 103.423 103.383 103.750 104.020 103.805 104.459 103.726 103.808 100.124 99.579 99.664 99.838 100.285 2013 IV I 103.782 104.296 I II 105.994 106.193 105.110 104.738 103.151 103.298 103.952 105.228 105.618 104.727 105.147 104.971 105.654 105.109 105.609 105.467 105.569 104.544 104.923 104.732 105.701 105.810 105.732 105.852 105.770 106.130 106.321 105.819 105.958 106.687 105.751 106.218 106.147 106.496 107.071 106.220 102.404 102.972 103.485 105.269 101.513 100.742 101.794 101.285 101.601 101.835 104.067 104.672 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. 64 Domestic Product and Income September 2013 Table 1.3.5. Gross Value Added by Sector [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product . .. Business 1................................. Nonfarm 2................................ Farm....................................... Households and institutions.... Households............................. Nonprofit institutions serving households3....................... II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 14,417.9 14,958.3 15,533.8 16,244.6 14,672.5 14,879.2 15,049.8 15,231.7 15,242.9 15,461.9 15,611.8 15,818.7 16,041.6 16,160.4 16,356.0 16,420.3 16,535.3 16,667.9 2 10,596.7 11,054.8 11,559.5 12,195.4 10,801.8 10,973.7 11,135.1 11,308.6 11,300.3 11,490.2 11,623.4 11,824.2 12,011.8 12,121.3 12,302.1 12,346.6 12,445.0 12,565.8 3 10,486.9 10,925.1 11,393.5 12,028.5 10,681.7 10,848.1 11,002.0 11,168.6 11,135.3 11,330.9 11,455.2 11,652.7 11,840.8 11,950.1 12,139.1 12,184.0 12,198.3 12,342.1 4 109.8 129.7 166.9 120.1 125.7 166.0 133.1 140.0 165.0 168.3 171.5 171.1 159.3 171.0 246.7 163.1 162.6 223.8 5 1,913.6 1,927.5 1,971.9 2,025.4 1,918.4 1,925.9 1,931.2 1,934.6 1,950.2 1,968.3 1,980.4 1,988.8 2,009.5 2,017.5 2,029.7 2,044.9 2,059.6 2,068.6 6 1,110.1 1,111.4 1,129.3 1,148.1 1,114.5 1,112.0 1,108.5 1,110.7 1,120.0 1,128.3 1,131.4 1,137.6 1,141.5 1,145.6 1,150.9 1,154.6 1,164.4 1,169.3 7 803.5 816.1 842.6 877.3 803.9 813.9 822.7 824.0 830.2 840.0 848.9 851.3 868.0 871.9 878.8 890.3 895.2 899.3 General governm ent4............... Federal................................... State and local......................... 8 9 10 1,907.6 603.6 1,304.0 1,975.9 643.6 1,332.3 2,002.4 663.0 1,339.4 2,023.7 666.4 1,357.3 1,952.3 631.3 1,321.0 1,979.5 645.8 1,333.7 1,983.5 646.8 1,336.7 1,988.4 650.5 1,337.9 1,992.4 657.4 1,335.0 2,003.4 662.5 1,340.9 2,008.1 665.7 1,342.4 2,005.7 666.4 1,339.3 2,020.3 666.9 1,353.4 2,021.7 666.6 1,355.1 2,024.2 666.2 1,358.0 2,028.8 666.0 1,362.8 2,030.7 668.5 1,362.2 2,033.5 668.3 1,365.1 Addendum: Gross housing value added 11 1,409.0 1,424.7 1,468.6 1,511.6 1,421.0 1,422.4 1,423.6 1,431.6 1,448.5 1,463.8 1,474.4 1,487.6 1,497.6 1,507.2 1,516.9 1,524.5 1,538.5 1,548.0 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product.... Business 1................................. Nonfarm 2................................ Farm....................................... Households and institutions.... Households............................. Nonprofit institutions serving households 3....................... II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 14,417.9 14,779.4 15,052.4 15,470.7 14,597.7 14,738.0 14,839.3 14,942.4 14,894.0 15,011.3 15,062.1 15,242.1 15,381.6 15,427.7 15,534.0 15,539.6 15,583.9 15,681.0 2 10,596.7 10,929.3 11,191.5 11,598.0 10,749.7 10,881.0 10,992.4 11,094.0 11,040.2 11,150.6 11,200.5 11,374.6 11,510.5 11,557.3 11,658.6 11,665.5 11,705.5 11,803.5 3 10,486.9 10,817.9 11,088.7 11,499.1 10,641.6 10,764.9 10,876.7 10,988.5 10,930.3 11,056.3 11,103.9 11,264.3 11,402.1 11,447.0 11,564.0 11,583.3 11,575.6 11,682.2 4 109.8 111.5 104.6 108.2 105.8 115.5 115.1 106.9 110.0 100.2 101.8 110.4 111.3 111.8 121.9 117.4 102.0 94.3 5 1,913.6 1,930.7 1,949.1 1,960.9 1,930.8 1,931.2 1,928.8 1,932.2 1,938.7 1,948.1 1,952.5 1,957.3 1,959.2 1,960.0 1,961.7 1,962.7 1,968.6 1,968.0 6 1,110.1 1,115.5 1,119.0 1,116.0 1,118.2 1,117.3 1,113.1 1,113.2 1,117.6 1,120.6 1,118.4 1,119.4 1,117.5 1,115.8 1,116.1 1,114.4 1,117.7 1,116.4 7 803.5 815.3 830.1 844.8 812.6 813.9 815.6 818.9 821.1 837.9 845.5 848.1 850.8 851.5 1,907.6 603.6 1,304.0 0.0 1,919.5 624.3 1,295.2 -0.3 1,912.2 630.5 1,281.7 -3.4 1,912.1 630.1 1,281.9 -5.8 1,917.2 617.5 1,299.7 -0.1 1,925.8 627.4 1,298.4 0.6 1,918.4 625.4 1,292.9 0.5 1,916.5 626.7 1,289.8 -1.6 1,915.4 629.3 1,286.0 -0.3 1,909.8 630.3 1,279.4 -5.7 1,910.7 631.8 1,278.8 -1.4 841.5 1,912.2 631.7 1,280.4 -2.0 844.1 8 9 10 11 827.5 1,913.0 630.3 1,282.6 -6.2 834.0 General governm ent4............... Federal................................... State and local......................... Residual....................................... 1,910.7 630.5 1,280.2 -1.7 1,913.7 629.6 1,284.1 -7.3 1,911.6 628.5 1,283.0 -12.0 1,910.0 626.6 1,283.3 8.0 1,909.4 624.2 1,285.2 4.1 Addendum: Gross housing value added 12 1,409.0 1,429.0 1,453.5 1,464.2 1,425.5 1,428.1 1,428.4 1,434.0 1,444.4 1,453.1 1,455.8 1,460.8 1,462.5 1,463.7 1,465.8 1,464.9 1,469.8 1,470.5 1. Equals gross domestic product excluding gross value added of households and institutions and of general government. 2. Equals gross domestic business value added excluding gross farm value added. 3. Equals compensation of employees of nonprofit institutions, the rental value of nonresidential fixed assets owned and used by nonprofit institutions serving households, and rental income of persons for tenant-occupied housing owned by nonprofit institutions. 4. Equals compensation of general government employees plus general government consumption of fixed capital. Note. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. Table 1.4.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product........... Less: Exports of goods and services.................................. Plus: Imports of goods and services................................... Equals: Gross domestic purchases............................... Less: Change in private inventories............................... Equals: Final sales to domestic purchasers............................. Addenda: Final sales of domestic product Gross domestic purchases, current dollars...................... Final sales to domestic purchasers, current dollars... II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 2 -9.1 11.5 7.1 3.5 6.4 9.5 10.9 12.4 3.8 4.9 7.0 2.7 4.2 3.8 0.4 1.1 -1.3 8.6 3 -13.7 12.8 4.9 2.2 11.9 20.2 14.5 0.9 2.8 0.7 4.9 5.9 0.7 2.5 0.5 -3.1 0.6 7.0 4 -3.8 2.9 1.7 2.6 2.5 5.5 3.5 1.4 -1.3 2.6 1.2 5.3 3.1 1.1 2.7 -0.5 1.4 2.4 -3.0 1.5 1.8 2.4 0.9 4.5 1.7 3.0 -0.3 1.8 2.8 2.6 2.9 2.0 2.2 1.4 0.5 1.9 h 6 7 -2.0 1.0 2.0 2.6 0.0 2.8 0.9 4.5 -0.3 2.4 3.0 2.1 3.4 2.2 2.2 2.2 0.2 1.9 8 -4.0 4.5 4.0 4.3 4.4 6.5 4.9 3.7 1.5 6.1 3.3 6.3 5.5 2.1 3.9 1.3 2.9 2.7 9 -3.3 3.1 4.2 4.1 2.6 5.5 3.0 5.3 2.6 5.5 4.9 3.6 5.2 3.0 3.6 3.0 1.7 2.2 September 2013 S urvey 65 C u r r e n t B u s in e s s of Table 1.4.3. Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Gross domestic product........... Less: Exports of goods and services................................... Plus: Imports of goods and services................................... Equals: Gross domestic purchases............................... Less: Change in private inventories............................... 2011 II III 2012 IV I II III IV 2013 II I III IV I II 1 100.000 102.507 104.400 107.302 101.247 102.220 102.923 103.638 103.302 104.115 104.468 105.716 106.683 107.003 107.741 107.780 108.087 108.760 2 100.000 111.476 119.367 123.590 107.360 109.815 112.699 116.031 117.105 118.504 120.525 121.336 122.576 123.738 123.851 124.196 123.781 126.353 3 100.000 112.759 118.239 120.860 106.980 112.023 115.880 116.152 116.966 117.166 118.563 120.263 120.475 121.207 121.358 120.398 120.584 122.632 4 100.000 102.933 104.666 107.374 101.359 102.736 103.635 104.000 103.672 104.331 104.647 106.012 106.835 107.118 107.841 107.702 108.073 108.728 5 Equals: Final sales to domestic purchasers............................. 6 100.000 101.507 103.381 105.866 100.272 101.379 101.807 102.571 102.503 102.973 103.685 104.362 105.099 105.617 106.185 106.565 106.691 107.189 Addendum: Final sales of domestic product 7 100.000 103.082 105.751 100.129 100.829 101.049 102.172 102.103 102.721 103.482 104.022 104.898 105.460 106.038 106.610 106.666 107.177 101.045 Table 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 2011 2012 2013 I II III IV I II III IV I II III IV I II Gross domestic product........... Less: Exports of goods and services................................... Plus: Imports of goods and services................................... 1 100.000 101.215 103.203 105.008 100.509 100.972 101.432 101.948 102.354 103.024 103.651 103.782 104.296 104.751 105.345 105.640 105.994 106.193 2 100.000 104.415 111.140 112.185 102.749 103.940 104.261 106.710 109.444 111.659 112.293 111.165 111.955 112.127 112.114 112.543 112.944 112.042 3 100.000 106.008 114.273 114.862 106.052 105.567 104.985 107.426 111.811 115.233 115.132 114.915 116.117 115.038 113.570 114.725 114.873 113.411 Equals: Gross domestic purchases............................... Less: Change in private 4 100.000 101.528 103.884 105.599 101.036 101.285 101.609 102.183 102.900 103.792 104.307 104.538 105.124 105.383 105.742 106.150 106.467 106.553 101.528 103.898 105.624 101.050 101.287 101.606 102.170 102.900 103.808 104.325 104.558 105.150 105.405 105.769 106.171 106.496 106.587 5 Equals: Final sales to domestic purchasers............................. 6 100.000 Addenda: Final sales of domestic product Implicit price deflator for final sales to domestic purchasers 7 100.000 101.217 103.217 105.033 100.525 100.975 101.430 101.936 102.355 103.041 103.670 103.802 104.322 104.774 105.374 105.663 106.024 106.230 8 100.000 101.528 103.898 105.624 101.048 101.284 101.602 102.166 102.896 103.804 104.321 104.555 105.147 105.403 105.767 106.170 106.494 106.586 Table 1.4.5. Relation of Gross Domestic Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product........... Less: Exports of goods and services.................................. Plus: Imports of goods and services................................... Equals: Gross domestic purchases.............................. Less: Change in private inventories.............................. II 2011 III IV I 2012 III II IV 2013 II I III I IV II 1 14,417.9 14,958.3 15,533.8 16,244.6 14,672.5 14,879.2 15,049.8 15,231.7 15,242.9 15,461.9 15,611.8 15,818.7 16,041.6 16,160.4 16,356.0 16,420.3 16,535.3 16,667.9 2 1,583.8 1,843.5 2,101.2 2,195.9 1,746.4 1,807.0 1,860.3 1,960.4 2,029.5 2,095.5 2,143.4 2,136.2 2,173.4 2,197.4 2,199.2 2,213.7 2,214.2 2,242.2 3 1,976.0 2,362.0 2,669.9 2,743.1 2,241.4 2,336.7 2,404.0 2,465.7 2,584.1 2,667.7 2,697.1 2,730.7 2,764.2 2,755.3 2,723.5 2,729.5 2,737.3 2,748.3 4 14,810.1 15,476.7 16,102.6 16,791.8 15,167.5 15,408.9 15,593.5 15,737.0 15,797.6 16,034.1 16,165.5 16,413.1 16,632.4 16,718.3 16,880.4 16,936.1 17,058.4 17,174.0 5 -147.6 61.5 36.4 66.1 12.1 50.1 121.5 62.4 21.5 45.8 -13.5 91.9 102.9 66.8 81.6 13.0 63.4 85.0 Equals: Final sales to domestic purchasers............................ 6 14,957.7 15,415.2 16,066.2 16,725.7 15,155.5 15,358.8 15,472.0 15,674.6 15,776.1 15,988.4 16,179.0 16,321.2 16,529.5 16,651.4 16,798.8 16,923.1 16,995.0 17,089.0 Addendum: Final sales of domestic product 7 14,565.5 14,896.7 15,497.4 16,178.5 14,660.4 14,829.0 14,928.2 15,169.3 15,221.4 15,416.2 15,625.3 15,726.8 15,938.7 16,093.6 16,274.4 16,407.3 16,471.9 16,582.9 Table 1.4.6. Relation of Real Gross Domestic Product, Real Gross Domestic Purchases, and Real Final Sales to Domestic Purchasers, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product........... Less: Exports of goods and services.................................. Plus: Imports of goods and services.................................. Equals: Gross domestic purchases.............................. Less: Change in private inventories.............................. Equals: Final sales to domestic purchasers............................ Addendum: Final sales of domestic product II 2012 2011 III IV I II III IV I II 2013 III I IV II 1 14,417.9 14,779.4 15,052.4 15,470.7 14,597.7 14,738.0 14,839.3 14,942.4 14,894.0 15,011.3 15,062.1 15,242.1 15,381.6 15,427.7 15,534.0 15,539.6 15,583.9 15,681.0 2 1,583.8 1,765.6 1,890.5 1,957.4 1,700.4 1,739.3 1,784.9 1,837.7 1,854.7 1,876.9 1,908.9 1,921.7 1,941.4 1,959.8 1,961.6 1,967.0 1,960.5 2,001.2 3 1,976.0 2,228.1 2,336.4 2,388.2 2,113.9 2,213.6 2,289.8 2,295.2 2,311.3 2,315.2 2,342.8 2,376.4 2,380.6 2,395.1 2,398.0 2,379.1 2,382.7 2,423.2 4 14,810.1 15,244.5 15,501.1 15,902.3 15,011.5 15,215.4 15,348.5 15,402.5 15,354.0 15,451.6 15,498.4 15,700.5 15,822.4 15,864.4 15,971.4 15,950.8 16,005.8 16,102.8 5 -147.6 58.2 33.6 57.6 9.8 48.8 116.2 58.1 22.0 42.9 -11.0 80.6 89.2 56.8 77.2 7.3 42.2 62.6 6 14,957.7 15,183.2 15,463.4 15,835.2 14,998.4 15,164.0 15,228.0 15,342.3 15,332.1 15,402.4 15,508.9 15,610.2 15,720.4 15,797.9 15,882.8 15,939.7 15,958.6 16,033.1 7 14,565.5 14,717.7 15,014.4 15,403.2 14,584.3 14,686.3 14,718.3 14,881.8 14,871.9 14,961.8 15,072.7 15,151.3 15,278.9 15,360.8 15,444.9 15,528.3 15,536.4 15,610.8 N ote. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. 66 September 2013 Domestic Product and Income Table 1.5.1. Percent Change From Preceding Period in Real Gross Domestic Product, Expanded Detail [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I III II 2012 2011 IV II I III IV I II 2013 III IV I II Gross domestic product................................ 1 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 Personal consumption expenditures.................... Goods.................................................................. Durable goods................................................. Motor vehicles and parts.............................. Furnishings and durable household equipment................................................ Recreational goods and vehicles................. Other durable goods..................................... Nondurable goods........................................... Food and beverages purchased for offpremises consumption............................. Clothing and footwear................................... Gasoline and other energy goods................ Other nondurable goods............................... Services............................................................... Household consumption expenditures (for services)...................................................... Housing and utilities Health care....... Transportation services................................ Recreation services Food services and accommodations............ Financial services and insurance................. Other services.............................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs)1 Gross output of nonprofit institutions 2......... Less: Receipts from sales of goods and services by nonprofit institutions 3............ 2 3 4 5 -1.6 -3.0 -5.5 -7.0 2.0 3.4 6.1 2.0 2.5 3.4 6.6 4.9 2.2 3.3 7.7 7.2 2.1 4.0 5.4 -4.2 3.3 5.2 12.5 18.8 2.8 3.8 6.7 7.8 4.3 7.6 12.9 21.4 2.1 2.7 5.4 3.9 1.5 0.2 -0.8 -16.5 2.1 1.2 5.2 1.6 2.4 5.0 13.5 26.0 2.9 4.6 9.8 11.0 1.9 2.2 2.9 -4.4 1.7 3.7 8.3 8.3 1.7 3.7 10.5 14.3 2.3 3.7 5.8 5.2 1.8 3.2 6.1 -0.8 6 7 8 9 -8.7 -1.6 -5.0 -1.8 7.0 10.9 4.2 2.2 5.5 10.0 5.3 1.9 6.1 10.9 5.7 1.4 10.7 10.6 8.0 3.4 12.2 12.6 0.7 1.9 2.0 8.8 7.4 2.5 8.2 8.9 10.0 5.2 2.5 10.7 3.2 1.4 5.7 9.2 8.2 0.7 5.4 10.1 3.4 -0.5 10.6 12.6 -3.2 1.3 7.9 11.0 7.7 2.2 0.9 9.8 10.5 1.8 5.6 11.5 6.9 1.6 4.4 10.7 11.5 0.6 4.1 8.1 5.8 2.7 8.7 11.8 7.9 1.8 10 11 12 13 14 -1.5 -4.9 0.4 -1.7 -0.8 2.1 5.3 -0.8 2.3 1.2 1.6 3.8 -2.5 3.4 2.1 1.3 1.2 -1.4 2.7 1.6 3.6 9.4 0.3 2.3 1.2 -2.8 6.7 4.7 3.7 2.4 1.7 1.0 2.4 4.0 2.2 6.0 13.2 -1.9 4.5 2.6 1.2 2.5 -3.4 3.3 1.8 1.5 4.9 -9.1 3.1 2.1 -0.9 -6.7 -0.4 2.4 2.5 -0.4 4.3 -0.8 2.7 1.1 2.9 4.8 -4.5 3.8 2.1 2.3 -3.9 7.3 1.2 1.7 1.6 5.2 -3.3 2.4 0.7 0.9 -1.8 -5.3 4.2 0.6 2.0 1.8 4.5 3.0 1.5 -1.3 5.7 0.8 3.7 1.1 15 16 17 18 19 20 21 22 -0.9 1.1 1.8 -9.8 -3.3 -4.1 -2.5 -2.1 1.3 1.2 1.3 -0.9 1.3 1.5 2.1 1.0 2.2 1.3 2.7 2.5 2.1 4.0 3.0 1.5 1.5 0.8 2.7 1.3 1.4 3.6 -1.3 1.7 1.2 1.4 -1.0 0.5 3.2 3.8 4.4 0.2 2.3 -0.1 3.7 2.2 -2.1 3.1 8.4 1.4 2.6 2.1 4.0 2.6 5.8 2.4 -0.4 2.4 2.9 2.2 3.8 2.2 3.1 3.3 4.0 1.6 1.9 0.4 2.2 1.1 -2.3 5.2 4.4 2.4 2.1 1.3 2.6 4.7 5.9 4.9 0.4 0.0 1.9 2.6 -0.8 3.1 2.8 3.4 6.2 0.4 1.5 -1.0 4.9 1.2 0.8 4.2 -1.9 2.1 2.0 -0.9 4.9 -0.6 2.0 4.3 -1.0 4.8 1.2 4.5 0.3 2.0 0.3 2.4 -3.2 -0.6 0.6 1.3 2.3 1.0 1.1 1.3 -6.7 1.5 0.3 -2.7 2.3 -0.2 -1.7 6.5 -0.2 0.2 2.4 4.7 1.3 2.9 2.4 2.5 5.5 -2.8 1.6 -0.1 2.6 2.5 2.0 1.0 3.8 1.6 23 24 0.9 1.6 0.8 1.3 0.2 1.3 5.3 2.9 0.3 -1.0 3.6 4.3 -6.0 2.4 -3.8 2.4 -1.9 -0.8 2.4 1.4 17.8 -0.1 -8.2 3.5 3.6 5.4 15.5 1.2 3.4 4.3 9.0 1.2 -18.1 -3.0 -12.2 0.0 2b 1.9 1.4 1.6 2.2 -1.5 4.6 5.4 4.4 -0.4 1.1 -5.3 7.6 6.0 -2.9 4.5 -1.3 2.4 4.0 26 27 28 29 30 31 32 33 34 35 36 37 38 39 -21.6 -16.7 -15.6 -18.9 -22.9 -8.9 -0.4 -12.2 -22.2 -55.0 -19.8 -1.4 0.2 -2.8 12.9 1.5 2.5 -16.4 15.9 9.9 10.3 9.8 -0.5 94.0 8.6 1.9 -1.0 2.4 4.9 6.2 7.6 2.1 12.7 2.3 -1.5 3.8 15.7 32.2 12.2 4.4 6.1 3.2 9.5 8.3 7.3 12.7 7.6 2.7 5.4 1.7 5.5 22.2 3.9 3.4 5.9 1.6 13.6 0.8 4.2 -25.0 31.2 7.6 4.9 9.1 -8.7 322.5 35.8 -1.6 -7.9 0.6 22.3 13.6 11.4 11.8 23.3 2.7 -5.1 6.5 24.7 103.0 17.7 -2.0 -7.7 -2.0 13.7 -0.4 8.3 -5.8 18.0 7.0 -14.9 17.7 4.6 81.5 10.3 6.1 3.8 7.3 -3.5 8.5 8.6 7.7 11.8 10.2 -6.7 17.5 15.1 8.6 13.9 5.0 5.5 3.8 -7.5 -0.5 -0.9 -29.8 12.0 -7.9 -16.4 -4.8 23.0 31.2 22.1 3.7 8.2 2.0 14.2 8.6 9.9 33.7 4.3 7.8 32.2 -0.1 0.2 4.0 3.6 4.9 7.7 3.7 2.5 14.8 16.7 28.4 20.3 -0.5 5.1 -2.6 32.7 49.7 19.9 5.3 8.5 2.8 31.9 10.0 9.5 14.4 10.2 2.5 12.6 -1.1 21.0 48.1 -14.8 5.5 9.7 1.9 10.5 8.6 5.8 7.0 8.3 13.9 25.1 9.8 -14.5 26.4 8.3 1.3 1.6 2.0 -1.6 4.7 4.5 6.9 5.3 -10.3 -17.6 -7.2 10.1 24.3 5.8 1.8 6.3 -2.0 6.5 2.7 0.3 5.9 -3.9 -4.5 -33.4 9.2 0.3 -16.9 7.8 2.8 3.7 2.7 -2.4 11.6 9.8 17.6 8.9 20.0 80.1 3.1 6.2 1.1 5.6 5.7 9.4 3.1 4.7 -1.5 -4.6 -25.7 1.6 -2.7 -15.8 3.0 0.3 -7.6 18.8 3.7 7.7 -0.3 9.9 6.0 4.4 16.1 2.9 9.2 -14.4 19.4 -0.5 4.9 -3.3 -0.9 -1.5 -1.0 -2.9 -21.2 11.6 -2.5 2.6 0.5 0.3 12.9 18.0 -12.2 21.5 23.2 9.8 -30.7 7.7 7.9 -5.4 1.7 -1.3 2.7 2.7 6.1 3.3 12.2 -2.1 23.0 -0.4 5.7 -0.8 14.1 1.9 19.8 4.0 12.5 1.7 12.9 Net exports of goods and services....................... Exports................................................................ Goods.............................................................. Services.......................................................... Imports................................................................ Goods.............................................................. Services 40 41 4? 4S 44 45 46 47 48 49 50 51 -9.1 -12.0 -2.1 -13.7 -15.8 -3.1 11.5 14.3 5.6 12.8 15.2 2.8 7.1 7.1 7.0 4.9 5.2 3.1 3.5 3.8 3.0 2.2 2.1 2.7 6.4 11.0 -3.1 11.9 14.6 0.4 9.5 11.7 4.6 20.2 24.1 3.8 10.9 8.6 16.3 14.5 14.6 14.0 12.4 13.0 11.0 0.9 1.7 -2.5 3.8 4.4 2.4 2.8 4.4 -5.0 4.9 3.7 7.7 0.7 -0.7 7.8 7.0 5.7 10.0 4.9 3.5 11.9 2.7 7.7 -8.1 5.9 6.7 1.8 4.2 1.8 10.0 0.7 0.9 -0.1 3.8 5.2 0.8 2.5 2.5 2.3 0.4 1.6 -2.6 0.5 0.4 1.0 1.1 -3.0 11.3 -3.1 -3.5 -1.0 -1.3 -2.8 2.2 0.6 -0.2 5.0 8.6 10.1 5.2 7.0 7.1 6.3 Government consumption expenditures and gross investment............................................... Federal................................................................ National defense.............................................. Consumption expenditures........................... Gross investment.......................................... Nondefense..................................................... Consumption expenditures........................... Gross investment.......................................... State and local...................................................... Consumption expenditures............................... Gross investment............................................. 52 53 54 55 56 57 58 59 60 61 62 3.2 5.7 5.4 6.3 2.1 6.2 6.9 4.3 1.6 2.1 -0.6 0.1 4.4 3.2 3.7 1.4 6.4 5.9 8.2 -2.7 -2.6 -3.3 -3.2 -2.6 -2.3 -1.4 -5.7 -3.0 -4.0 -0.1 -3.6 -2.9 -6.8 -1.0 -1.4 -3.2 -2.7 -5.3 1.8 3.5 -3.0 -0.7 0.0 -3.7 -2.9 3.8 -1.8 -1.0 -4.6 14.8 15.9 11.6 -7.1 -6.2 -10.9 2.9 8.5 6.4 5.4 9.8 12.3 12.3 12.1 -0.8 -3.3 10.7 -0.3 3.7 7.6 8.7 3.3 -2.8 -4.5 2.5 -3.1 -3.9 0.6 -4.1 -2.7 -3.5 -5.5 4.4 -1.2 -2.0 1.1 -5.0 -3.5 -11.5 -7.5 -10.5 -14.2 -10.4 -27.1 -3.5 -5.4 2.1 -5.4 -3.3 -14.0 -1.3 1.8 6.8 7.3 5.0 -6.5 -7.1 -4.8 -3.4 -2.6 -6.5 -2.5 -3.4 2.4 4.6 -5.5 -13.1 -16.1 -3.9 -1.9 -1.8 -2.7 -1.5 -3.1 -10.2 -12.7 0.0 11.3 18.7 -7.2 -0.4 -0.4 -0.5 -1.4 -2.5 -6.7 -2.7 -20.9 5.4 8.4 -2.9 -0.6 1.1 -8.1 0.3 -0.2 -1.0 -3.1 7.7 1.2 1.4 0.5 0.6 0.4 1.9 3.5 8.9 12.5 16.2 -0.8 2.8 3.8 -0.1 -0.2 1.3 -6.6 -6.5 -13.9 -21.6 -24.9 -7.5 1.0 2.2 -2.6 -1.0 -0.1 -5.2 -4.2 -8.4 -11.2 -9.6 -17.3 -3.6 -2.4 -7.2 -1.3 0.1 -7.5 -0.9 -1.6 -0.6 -3.2 10.3 -3.2 -3.6 -2.0 -0.5 0.5 -5.2 Gross private domestic investment...................... Fixed investment................... Nonresidential.................. Structures..................... Equipment.................... Information processing equipment........... Computers and peripheral equipment... Other................................................... Industrial equipment................................. Transportation equipment......................... Other equipment....................................... Intellectual property products....................... Software 4................................................ Research and development5................... Entertainment, literary, and artistic originals................................................ Residential....................................................... 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. September 2013 Survey of 67 C u r r e n t B u s in e s s Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I 2011 III II IV I II 2012 III IV I II 2013 III IV I II Percent change at annual rate: 1 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 2 3 4 5 -1.06 -0.68 -0.41 -0.16 1.34 0.77 0.43 0.04 1.74 0.76 0.46 0.11 1.52 0.77 0.56 0.17 1.42 0.88 0.37 -0.10 2.21 1.14 0.84 0.39 1.87 0.85 0.46 0.17 2.86 1.66 0.88 0.46 1.42 0.60 0.38 0.09 1.03 0.05 -0.06 -0.43 1.42 0.29 0.36 0.04 1.65 1.14 0.93 0.56 1.98 1.04 0.69 0.26 1.28 0.50 0.21 -0.11 1.15 0.84 0.59 0.19 1.13 0.85 0.74 0.33 1.54 0.85 0.43 0.13 1.21 0.73 0.45 -0.02 6 7 8 9 -0.16 -0.03 -0.06 -0.27 0.12 0.22 0.05 0.34 0.09 0.20 0.06 0.30 0.10 0.22 0.07 0.22 0.17 0.21 0.08 0.51 0.20 0.25 0.01 0.29 0.03 0.18 0.08 0.38 0.13 0.18 0.11 0.78 0.04 0.21 0.04 0.22 0.09 0.18 0.09 0.11 0.09 0.20 0.04 -0.08 0.17 0.25 -0.04 0.21 0.13 0.22 0.09 0.35 0.02 0.19 0.12 0.28 0.09 0.22 0.08 0.25 0.07 0.21 0.13 0.10 0.07 0.16 0.07 0.43 0.14 0.23 0.09 0.28 10 11 12 13 14 -0.08 -0.11 0.01 -0.09 -0.38 0.11 0.11 -0.02 0.13 0.57 0.08 0.08 -0.06 0.19 0.98 0.07 0.03 -0.04 0.16 0.74 0.19 0.19 0.01 0.13 0.54 -0.15 0.14 0.10 0.21 1.07 0.09 0.02 0.05 0.23 1.02 0.31 0.27 -0.04 0.25 1.20 0.07 0.05 -0.08 0.19 0.81 0.08 0.10 -0.25 0.18 0.98 -0.05 -0.15 -0.01 0.14 1.14 -0.02 0.09 -0.02 0.15 0.51 0.15 0.10 -0.12 0.22 0.94 0.12 -0.09 0.18 0.07 0.78 0.09 0.11 -0.08 0.14 0.31 0.05 -0.04 -0.14 0.23 0.29 0.11 0.04 0.11 0.17 0.69 -0.07 0.12 0.02 0.21 0.48 1b 16 17 18 19 20 21 22 -0.39 0.14 0.19 -0.21 -0.09 -0.17 -0.13 -0.13 0.56 0.16 0.15 -0.02 0.03 0.06 0.11 0.06 0.97 0.16 0.30 0.05 0.05 0.17 0.15 0.09 0.65 0.10 0.30 0.02 0.04 0.15 -0.07 0.10 0.53 0.18 -0.11 0.01 0.08 0.15 0.21 0.01 1.00 -0.02 0.41 0.04 -0.06 0.13 0.41 0.08 1.14 0.27 0.44 0.05 0.15 0.10 -0.02 0.15 1.27 0.28 0.43 0.04 0.08 0.14 0.20 0.10 0.84 0.06 0.24 0.02 -0.06 0.21 0.22 0.14 0.94 0.17 0.30 0.09 0.15 0.20 0.02 0.84 0.32 -0.09 0.06 0.07 0.14 0.31 0.03 0.66 -0.13 0.55 0.02 0.02 0.18 -0.10 0.12 0.87 -0.12 0.54 -0.01 0.05 0.18 -0.05 0.28 0.52 0.55 0.03 0.04 0.01 0.10 -0.17 -0.04 0.25 0.16 0.26 0.02 0.03 0.05 -0.35 0.09 0.13 -0.35 0.26 -0.01 -0.04 0.27 -0.01 0.01 1.04 0.58 0.14 0.06 0.06 0.11 0.27 -0.17 0.71 -0.02 0.29 0.05 0.05 0.04 0.19 0.09 23 24 0.02 0.12 0.02 0.09 0.00 0.00 -0.11 0.18 -0.07 0.17 -0.03 -0.06 0.04 0.11 0.00 -0.15 0.26 0.06 0.39 0.26 0.09 0.06 0.31 0.16 0.09 -0.35 -0.22 -0.22 -0.08 0.07 0.32 0.30 0.09 0.09 0.21 25 0.10 0.08 0.09 0.12 -0.08 0.25 0.29 0.24 -0.02 0.06 -0.30 0.41 0.33 -0.16 0.25 -0.07 0.13 0.22 Gross private domestic investment...................... Fixed investment.................................................. Nonresidential................................................. Structures.................................................... Equipment................................................... Information processing equipment........... Computers and peripheral equipment... Other................................................... Industrial equipment................................ Transportation equipment......................... Other equipment..................................... Intellectual property products....................... Software 4 ............................................... Research and development5................... Entertainment, literary, and artistic originals............................................... Residential....................................................... Change in private inventories............................... Farm................................................................ Nonfarm........................................................... 26 27 28 29 30 31 32 33 34 35 36 37 38 39 -3.52 -2.77 -2.04 -0.70 -1.29 -0.17 0.69 0.85 0.84 0.05 0.62 0.04 -0.01 0.05 0.16 0.27 0.14 0.17 0.10 0.05 1.36 1.17 0.85 0.31 0.41 0.05 0.03 0.02 0.06 0.25 0.05 0.13 0.10 0.03 1.77 0.11 0.46 -0.73 1.25 0.14 0.03 0.12 -0.09 0.87 0.34 -0.07 -0.15 0.01 2.86 1.77 1.21 0.27 1.02 0.06 -0.03 0.09 0.22 0.55 0.19 -0.08 -0.14 -0.03 1.86 -0.04 0.90 -0.15 0.83 0.13 -0.09 0.22 0.04 0.54 0.12 0.22 0.06 0.11 -0.51 1.13 0.94 0.18 0.57 0.19 -0.03 0.22 0.14 0.08 0.16 0.19 0.09 0.06 -1.11 -0.05 -0.09 -0.82 0.59 -0.15 -0.09 -0.06 0.22 0.26 0.25 0.14 0.13 0.04 1.88 1.16 1.09 0.68 0.23 0.14 0.14 4.13 1.39 1.10 0.35 0.54 0.05 0.06 -0.01 0.23 0.47 -0.20 0.21 0.16 0.03 1.57 1.21 0.68 0.18 0.45 0.23 0.11 0.12 -0.19 0.30 0.11 0.05 0.03 0.03 -0.23 0.68 0.53 0.18 0.29 -0.20 -0.10 -0.10 0.12 0.29 0.08 0.07 0.11 -0.03 -0.36 1.63 1.13 0.44 0.47 0.31 0.28 0.04 0.07 0.01 0.07 0.21 0.16 0.05 0.71 -0.23 -0.57 -0.80 0.09 -0.05 -0.08 0.04 0.04 0.05 0.18 0.13 0.06 0.36 1.96 1.81 0.62 0.99 -0.01 0.03 -0.03 0.33 0.43 0.24 0.20 0.14 0.05 0.99 0.39 0.04 0.15 -0.22 -0.08 -0.19 0.11 -0.04 1.66 0.21 0.28 -0.49 0.70 0.17 0.05 0.12 -0.01 0.43 0.10 0.07 -0.02 0.04 -0.10 0.24 0.14 0.13 -0.01 1.48 0.90 0.53 0.40 0.16 0.15 -0.07 0.23 -0.01 0.06 -0.05 -0.04 -0.03 -0.02 40 41 42 43 44 -0.01 -0.73 -0.76 -0.02 -0.74 0.05 -0.07 1.45 -0.04 1.49 0.01 0.01 -0.16 0.02 -0.18 0.00 0.32 0.20 -0.03 0.22 0.08 -0.35 1.66 -0.06 1.72 0.09 0.56 1.09 -0.09 1.18 0.05 -0.94 1.90 -0.11 2.01 0.04 0.19 -1.64 0.02 -1.66 -0.03 0.04 -1.06 0.11 -1.17 -0.01 0.07 0.72 -0.02 0.74 0.01 0.15 -1.60 0.08 -1.68 0.02 0.29 2.73 0.05 2.68 -0.01 0.53 0.36 0.08 0.27 0.00 0.00 0.15 -0.91 -0.14 -0.76 0.35 0.60 -0.32 0.91 0.01 0.50 -2.00 0.10 -2.09 0.02 0.34 0.93 0.88 0.06 0.01 0.37 0.59 0.14 0.45 Net exports of goods and services....................... Exports................................................................ Goods.............................................................. Services.......................................................... Imports................................................................ Goods Services.......................................................... 45 46 47 48 49 50 51 1.14 -1.10 -1.02 -0.08 2.24 2.15 0.08 -0.51 1.28 1.08 0.20 -1.79 -1.72 -0.07 0.10 0.89 0.63 0.27 -0.79 -0.70 -0.09 0.10 0.48 0.36 0.12 -0.38 -0.30 -0.07 -0.96 0.73 0.85 -0.12 -1.70 -1.68 -0.02 -1.77 1.10 0.93 0.17 -2.87 -2.77 -0.10 -0.88 1.27 0.70 0.57 -2.15 -1.79 -0.36 1.32 1.47 1.07 0.40 -0.15 -0.22 0.07 0.01 0.48 0.38 0.09 -0.46 -0.61 0.14 0.53 0.64 0.34 0.30 -0.11 0.10 -0.21 0.10 0.92 0.53 0.39 -0.82 -0.50 -0.32 -0.60 0.38 0.72 -0.35 -0.98 -0.93 -0.05 0.44 0.56 0.17 0.39 -0.12 -0.12 0.10 0.51 0.48 0.03 -0.41 -0.35 -0.06 -0.03 0.05 0.16 -0.10 -0.08 -0.05 -0.03 0.68 0.15 -0.28 0.43 0.53 0.50 0.03 -0.28 -0.18 -0.27 0.09 -0.10 0.03 -0.13 1.11 0.90 0.21 -1.11 -0.95 -0.17 Government consumption expenditures and gross investment............................................... Federal................................................................ National defense............................................. Consumption expenditures........................... Gross investment........................................ Nondefense..................................................... Consumption expenditures.......................... Gross investment........................................ State and local..................................................... Consumption expenditures.............................. Gross investment............................................. 52 53 54 55 56 57 58 59 60 61 62 0.64 0.44 0.27 0.25 0.02 0.17 0.14 0.03 0.20 0.21 -0.01 0.02 0.37 0.18 0.16 0.02 0.19 0.13 0.06 -0.35 -0.27 -0.08 -0.68 -0.23 -0.13 -0.06 -0.07 -0.10 -0.09 -0.20 -0.12 -0.17 -0.11 -0.06 0.05 0.08 -0.02 -0.08 -0.63 0.32 -0.11 -0.05 -0.06 0.43 0.34 0.09 -0.95 -0.68 -0.28 0.61 0.71 0.34 0.23 0.11 0.37 0.28 0.09 -0.10 -0.35 0.24 -0.07 0.32 0.41 0.37 0.04 -0.09 -0.11 0.02 -0.39 -0.41 0.02 -0.87 -0.23 -0.19 -0.25 0.06 -0.04 -0.05 0.01 -0.63 -0.35 -0.28 -1.61 -0.94 -0.83 -0.47 -0.36 -0.11 -0.13 0.02 -0.67 -0.33 -0.34 -0.25 0.16 0.36 0.31 0.06 -0.21 -0.17 -0.04 -0.41 -0.26 -0.15 -0.52 -0.29 0.13 0.19 -0.06 -0.42 -0.39 -0.03 -0.23 -0.17 -0.06 -0.31 -0.25 -0.57 -0.58 -0.28 -0.20 -0.36 -0.11 -0.25 0.16 0.18 -0.02 -0.08 0.10 -0.18 0.05 -0.02 -0.05 -0.13 0.08 0.04 0.03 0.67 0.69 0.60 0.61 -0.01 0.08 0.08 0.00 -0.02 0.12 -0.14 -1.31 -1.19 -1.22 -1.14 -0.08 0.03 0.05 -0.02 -0.12 -0.01 -0.11 -0.82 -0.68 -0.57 -0.38 -0.18 -0.11 -0.05 -0.05 -0.14 0.01 -0.16 -0.18 -0.12 -0.03 -0.12 0.09 -0.09 -0.08 -0.01 -0.06 0.05 -0.11 Gross domestic product............................... Percentage points at annual rates: Personal consumption expenditures.................... Goods.................................................................. Durable goods................................................. Motor vehicles and parts............................. Furnishings and durable household equipment............................................... Recreational goods and vehicles................. Other durable goods.................................... Nondurable goods........................................... Food and beverages purchased for offpremises consumption............................ Clothing and footwear................................. Gasoline and other energy goods................ Other nondurable goods.............................. Services.............................................................. Household consumption expenditures (for services)...................................................... Housing and utilities.................................... Healthcare.................................................. Transportation services............................... Recreation services..................................... Food services and accommodations............ Financial services and insurance................. Other services............................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs)1 Gross output of nonprofit institutions 2......... Less: Receipts from sales of goods and services by nonprofit institutions 3............ 0.00 -0.17 -0.29 -0.56 -0.27 -0.05 0.00 0.00 -0.46 -0.30 -0.16 0.00 -0.08 0.00 0.00 0.00 0.00 0.32 0.38 -0.06 -0.05 -0.04 -0.01 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. 0.00 0.00 0.07 0.03 0.04 0.00 -0.25 0.10 0.11 0.06 0.04 0.00 0.00 0.00 68 September 2013 Domestic Product and Income Table 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Gross domestic product....... Personal consumption expenditures.............................. Goods......................................... Durable goods......................... Motor vehicles and parts..... Furnishings and durable household equipment...... Recreational goods and vehicles........................... Other durable goods............ Nondurable goods................... Food and beverages purchased for off-premises consumption.................... Clothing and footwear.......... Gasoline and other energy goods.............................. Other nondurable goods...... Services...................................... Household consumption expenditures (for services)... Housing and utilities............ Health care.......................... Transportation services....... Recreation services............. Food services and accommodations............. Financial services and insurance......................... Other services..................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........................... Gross output of nonprofit institutions 2..................... Less: Receipts from sales of goods and services by nonprofit institutions 3...... Gross private domestic investment.................................. Fixed investment.......................... Nonresidential......................... Structures............................ Equipment........................... Information processing equipment................... Computers and peripheral equipment Other........................... Industrial equipment........ Transportation equipment Other equipment.............. Intellectual property products Software 4........................ Research and development5............. Entertainment, literary, and artistic originals.... Residential............................... Chanae in private inventories...... Exports....................................... Goods..................................... Services................................. Imports....................................... Goods..................................... Services.................................. Government consumption expenditures and gross investment.................................. Federal....................................... National defense...................... Consumption expenditures... Gross investment................. Nondefense............................. Consumption expenditures... Gross investment................. State and local............................. Consumption expenditures...... Gross investment..................... II 2011 III IV I II 2012 III IV I 2013 III IV I II 1 100.000 102.507 104.400 107.302 101.247 2 100.000 101.960 104.555 106.854 100.736 101.548 102.243 103.313 103.844 104.226 104.765 105.386 106.145 106.643 107.092 107.537 108.138 108.612 6 100.000 107.037 112.959 102.220 102.923 103.638 103.302 104.115 104.468 105.716 106.683 107.003 107.741 107.780 108.087 108.760 3 100.000 103.446 106.925 110.495 101.517 102.801 103.773 105.691 106.391 106.446 106.777 108.084 109.298 109.889 110.888 111.904 112.928 113.810 4 100.000 106.092 113.074 121.833 102.135 105.177 106.884 110.172 111.631 111.402 112.812 116.453 119.195 120.060 122.484 125.591 127.379 129.278 5 100.000 102.002 107.048 114.798 96.577 100.837 102.741 107.853 108.886 104.084 104.500 110.721 113.647 112.381 114.634 118.531 120.031 119.776 119.833 107.523 109.674 110.343 111.891 113.360 118.483 118.756 120.391 133.296 115.027 105.463 136.980 140.495 143.248 147.311 116.971 120.206 121.912 124.261 105.877 106.047 106.762 107.233 10 100.000 102.145 11 100.000 105.274 103.956 106.994 7 100.000 110.873 121.966 135.248 106.682 109.893 112.244 114.671 117.623 120.226 123.157 126.858 130.222 8 100.000 104.237 109.798 116.098 102.549 102.728 104.579 107.091 107.950 110.091 111.023 110.126 112.187 9 100.000 102.226 104.177 105.594 101.218 101.699 102.338 103.647 104.020 104.199 104.077 104.409 104.988 103.750 105.120 102.100 101.378 109.283 110.562 103.054 104.745 101.802 103.298 104.993 108.305 103.612 108.967 103.990 103.746 110.271 108.373 116.241 103.652 109.519 104.397 104.998 110.817 109.710 105.426 111.107 121.704 122.936 125.531 105.659 106.184 105.825 110.615 111.098 112.648 12 100.000 99.199 96.739 95.419 98.181 13 100.000 102.310 105.822 108.709 100.842 14 100.000 101.244 103.411 105.090 100.359 99.312 101.750 100.944 99.891 99.410 98.566 96.255 96.160 95.974 94.875 96.565 95.770 94.468 95.510 95.701 102.758 103.889 104.742 105.535 106.157 106.854 107.861 108.193 108.833 109.948 110.762 111.763 101.507 102.168 102.615 103.155 103.795 104.079 104.616 105.070 105.252 105.421 105.818 106.098 1b 16 17 18 19 100.000 101.262 103.510 105.039 100.325 100.000 101.237 102.521 103.328 100.859 100.000 101.340 104.050 106.820 99.917 100.000 99.107 101.593 102.863 98.239 100.000 101.318 103.403 104.889 100.814 100.897 100.826 100.831 98.784 100.278 101.549 101.356 101.825 99.429 101.699 20 100.000 101.227 101.830 102.663 103.971 21 22 100.000 102.083 105.148 100.000 100.989 102.469 103.764 100.349 102.391 104.208 100.327 100.670 23 100.000 100.821 106.380 101.167 102.064 100.505 24 100.000 101.545 101.255 105.614 109.403 100.458 101.044 102.278 101.906 102.789 99.979 102.481 102.289 103.301 101.281 101.679 99.549 102.764 102.014 103.338 100.254 101.890 103.302 103.795 104.181 104.703 102.344 102.995 102.730 102.488 104.013 103.799 105.050 106.310 101.412 102.198 102.509 102.366 103.368 104.078 104.277 104.793 105.022 103.626 106.389 102.883 104.883 105.215 106.092 108.963 109.305 104.413 104.509 106.095 102.282 102.286 102.393 99.073 99.653 103.820 107.179 108.308 105.574 102.914 101.631 105.175 103.959 106.988 103.134 105.165 105.256 103.239 107.592 103.070 104.714 105.884 104.438 107.932 103.820 105.333 106.308 104.404 108.621 104.453 105.859 111.036 111.713 111.993 105.319 104.466 104.122 103.964 102.665 102.607 103.983 104.966 104.350 104.397 103.650 104.060 102.528 106.281 107.182 109.528 104.186 100.859 102.555 105.550 99.999 101.067 101.678 102.275 102.073 102.433 102.412 103.301 104.677 105.002 106.107 106.415 105.610 105.598 103.059 99.615 100.739 102.071 103.071 105.378 2b 100.000 101.402 26 27 28 29 30 100.000 112.901 118.449 129.705 107.177 112.714 116.378 115.336 113.109 116.932 117.663 126.092 129.269 128.745 130.795 130.012 131.521 134.669 100.000 101.504 107.844 116.766 98.629 101.832 101.733 103.823 103.705 105.863 109.581 112.228 114.569 115.904 116.675 119.914 119.467 121.233 100.000 102.471 110.225 118.263 98.874 101.581 103.632 105.794 105.552 108.075 112.340 114.931 116.551 117.847 117.938 120.717 119.318 120.610 100.000 83.585 85.360 96.212 82.081 84.399 83.146 84.712 77.532 83.372 88.755 91.781 93.345 94.922 96.299 100.282 93.090 96.640 100.000 115.892 130.639 140.604 108.280 114.099 118.912 122.277 125.802 127.148 133.165 136.442 139.204 140.999 139.602 142.609 143.175 144.216 31 100.000 105.299 109.903 112.415 115.460 107.763 108.483 110.321 103.183 112.838 112.692 104.604 105.774 105.438 106.058 117.155 114.007 120.206 115.997 118.710 307.473 123.651 108.830 108.926 114.538 103.457 119.857 114.804 110.415 113.843 116.380 117.282 118.145 123.502 121.598 121.687 123.525 123.613 123.448 324.680 309.996 310.852 304.769 308.467 125.417 127.796 129.561 135.266 134.137 109.326 110.072 111.617 112.648 112.385 110.601 111.623 114.156 116.288 115.847 109.750 99.504 194.038 108.560 101.887 99.011 39 100.000 102.351 105.595 107.269 101.598 40 100.000 111.553 41 100.000 97.496 4? 43 44 45 46 i'oo.ooo 111.476 47 100.000 114.321 48 100.000 105.586 49 100.000 112.759 50 100.000 115.162 51 100.000 102.751 114.498 97.964 114.816 105.762 110.581 97.635 52 53 54 55 56 57 58 59 60 61 62 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.074 104.350 103.203 103.705 101.432 106.447 105.859 108.186 97.293 97.438 96.684 113.940 115.104 256.436 121.854 106.388 105.082 114.415 109.618 235.281 119.506 104.401 101.950 114.399 113.636 113.309 109.663 117.699 123.437 237.625 262.857 289.984 120.556 126.156 121.199 105.646 107.024 108.479 103.869 106.010 108.500 101.077 102.880 103.850 104.374 105.339 107.286 108.106 108.019 107.744 111.029 102.871 113.648 115.770 114.167 113.791 93.845 95.635 96.044 96.684 114.548 115.485 98.125 101.001 114.875 106.359 114.764 107.854 114.548 111.476 115.079 116.203 116.683 116.635 120.123 123.828 112.699 115.373 107.161 115.880 118.528 104.845 120.525 121.336 123.019 125.328 115.421 112.999 118.563 120.263 121.153 123.124 107.793 108.282 122.576 125.880 115.719 120.475 123.394 108.248 123.738 127.480 115.949 121.207 124.154 108.873 123.851 128.000 115.199 121.358 124.282 109.139 124.196 127.038 118.321 120.398 123.170 108.855 119.367 123.590 107.360 109.815 122.470 127.100 109.947 113.019 112.939 116.297 102.017 103.180 118.239 120.860 106.980 112.023 121.176 123.750 108.543 114.556 105.934 108.779 100.519 101.469 96.868 95.921 111.239 100.500 215.360 110.054 102.189 98.648 99.844 100.554 100.468 102.472 101.308 101.966 98.987 104.599 104.299 105.480 98.135 98.755 95.499 119.778 115.820 104.086 219.823 113.690 103.455 99.966 115.876 105.140 106.802 121.380 94.045 99.383 313.250 155.437 185.534 126.606 103.104 107.393 109.962 101.213 100.692 111.326 99.708 97.721 101.660 100.212 100.802 97.562 102.259 99.523 95.622 90.571 103.230 105.068 101.618 105.146 108.036 104.788 93.751 93.128 94.593 94.616 90.156 86.787 112.716 117.963 117.165 107.093 113.396 100.000 100.000 100.000 100.000 100.000 100.000 110.735 103.848 32 100.000 110.275 108.643 114.515 114.079 112.587 108.147 106.285 101.622 108.958 110.330 113.661 33 34 35 36 37 38 113.045 103.356 101.959 104.577 102.882 103.324 101.326 107.673 107.377 108.542 97.937 97.933 97.957 105.531 104.772 105.511 102.156 106.922 106.148 109.216 97.173 96.956 98.112 116.031 117.105 118.504 118.944 120.219 121.316 109.987 110.638 112.699 116.152 116.966 117.166 119.019 120.314 120.111 104.172 102.853 104.807 99.431 104.819 103.850 104.018 103.260 106.594 105.614 109.506 95.928 96.107 95.167 97.506 101.961 99.940 101.211 95.422 105.658 104.169 110.089 94.608 95.302 91.641 97.194 102.407 101.592 102.998 96.591 103.899 102.275 108.742 93.805 94.669 90.111 106.079 96.573 106.587 107.117 106.569 96.198 95.863 101.534 100.738 100.115 102.197 99.480 97.769 104.151 100.674 99.992 95.234 95.241 89.833 100.323 103.039 104.409 97.873 102.154 104.239 107.658 105.655 104.872 93.348 93.246 93.096 94.404 94.250 94.151 89.494 89.378 87.510 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded," or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. II 123.781 126.126 118.961 120.584 123.098 110.197 126.353 129.201 120.474 122.632 125.230 111.884 95.933 96.752 95.135 94.117 93.893 100.065 102.212 98.455 96.315 95.922 97.526 100.446 94.506 91.731 91.587 99.211 102.995 95.892 93.502 92.734 91.523 91.346 89.580 85.413 87.529 104.714 105.440 105.708 104.740 103.887 104.603 105.577 106.164 105.513 104.548 105.005 104.983 104.292 102.369 101.852 93.243 93.207 92.966 92.672 92.558 94.488 94.799 94.772 94.800 94.927 87.921 86.426 85.289 83.644 82.527 September 2013 S urvey of 69 C u r r e n t B u s in e s s Table 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 Gross domestic product....... Personal consumption expenditures.............................. Goods.......................................... Durable goods......................... Motor vehicles and parts..... Furnishings and durable household equipment...... Recreational goods and vehicles.......................... Other durable goods............ Nondurable goods................... Food and beverages purchased for off-premises consumption.................... Clothing and footwear......... Gasoline and other energy goods.............................. Other nondurable goods...... Services..................................... Household consumption expenditures (for services)... Housing and utilities............ Health care.......................... Transportation services....... Recreation services............. Food services and accommodations............. Financial services and insurance......................... Other services..................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)' .......................... Gross output of nonprofit institutions 2..................... Less: Receipts from sales of goods and services by nonprofit institutions 3...... Gross private domestic investment................................. Fixed investment......................... Nonresidential........................ Structures........................... Equipment........................... Information processing equipment................... Computers and peripheral equipment Other.......................... Industrial equipment........ Transportation equipment Other equipment............. Intellectual property products Software4....................... Research and development5............. Entertainment, literary, and artistic originals.... Residential............................... II 2012 2011 2010 I III IV I II III 1 100.000 101.215 103.203 105.008 100.509 100.972 101.432 101.948 102.354 103.024 103.651 2 3 4 5 IV I II 103.782 104.296 104.751 2013 III IV I II 105.345 105.640 105.994 106.193 100.000 101.654 104.086 106.009 101.282 101.398 101.698 102.239 102.996 103.938 104.529 104.880 105.471 105.750 106.193 106.622 106.909 106.917 100.000 101.637 105.345 106.666 101.786 101.147 101.307 102.308 103.804 105.395 106.068 106.112 106.681 106.366 106.718 106.900 106.641 105.740 96.246 95.746 95.487 95.016 100.000 98.622 97.649 96.467 99.506 98.902 98.275 97.803 97.606 97.947 97.797 97.248 97.087 96.791 100.000 105.735 108.645 110.375 104.946 105.543 106.175 106.278 106.791 108.646 109.660 109.483 109.728 110.755 110.555 110.460 110.707 111.048 6 100.000 95.761 94.247 93.972 97.550 96.321 81.424 95.335 93.593 7 100.000 92.854 86.679 8 100.000 100.430 103.601 104.174 99.839 100.247 9 100.000 103.085 109.128 111.765 102.868 102.216 10 100.000 100.309 104.276 11 100.000 99.347 101.000 95.041 91.938 90.550 100.330 101.305 102.763 104.492 106.657 99.904 100.183 100.357 104.651 100.067 99.329 99.272 12 100.000 118.140 148.588 153.621 13 100.000 101.954 103.599 105.312 14 100.000 101.663 103.463 105.689 100.000 100.000 100.000 100.000 100.000 103.628 101.683 104.399 104.730 102.808 105.980 101.135 103.616 100.068 106.286 101.754 106.750 101.538 105.622 100.384 101.654 100.172 102.318 101.916 101.019 20 100.000 101.330 103.887 106.842 100.667 101.159 101.522 21 100.000 103.993 105.966 110.057 102.648 103.885 22 100.000 102.413 104.250 106.415 101.547 102.295 98.946 99.642 23 100.000 24 100.000 101.830 103.784 105.479 25 100.000 102.826 105.211 98.932 100.791 98.719 94.202 93.910 82.002 88.896 87.449 85.890 84.480 83.355 102.433 103.535 103.872 104.566 104.792 103.941 106.833 109.050 110.138 110.491 111.448 111.127 80.729 103.966 111.964 94.108 102.240 99.120 94.465 94.508 93.905 94.324 93.454 93.438 92.770 79.611 78.621 103.999 104.015 112.522 112.264 77.390 104.010 111.126 103.809 105.146 105.907 106.287 106.496 106.682 107.163 107.503 107.647 99.800 102.200 102.880 103.629 104.720 104.850 105.405 105.729 105.019 117.521 112.412 115.069 127.557 140.171 151.240 152.422 150.517 154.412 149.254 153.961 156.856 153.941 144.485 101.671 101.694 102.115 102.334 102.877 103.437 103.756 104.324 104.971 105.122 105.622 105.535 105.316 105.372 101.038 101.521 101.890 102.204 102.596 103.217 103.768 104.271 104.872 105.450 105.939 106.493 107.060 107.536 15 16 17 18 19 101.781 100.249 102.517 102.024 101.075 94.132 98.794 98.440 101.204 101.576 107.736 102.033 102.014 100.311 102.783 102.055 101.433 102.320 102.727 100.444 100.891 103.214 103.589 102.589 103.728 101.465 101.999 103.348 101.411 104.210 104.437 102.685 101.971 103.567 104.544 104.908 104.460 104.980 102.799 103.011 99.021 99.527 102.066 102.473 102.531 105.003 105.422 103.313 103.971 99.548 100.188 103.958 101.992 104.683 105.004 103.009 106.296 104.559 104.478 102.440 105.113 105.752 103.539 106.809 104.507 106.946 107.100 106.421 107.422 105.162 107.560 107.780 106.904 107.811 105.994 107.454 107.305 107.018 108.194 109.074 107.197 107.601 110.786 106.480 111.701 111.682 111.932 106.996 108.083 108.628 99.022 98.532 104.738 105.259 105.686 102.968 103.727 103.979 104.464 103.493 104.146 106.259 103.789 106.596 106.744 106.022 105.829 106.740 99.475 103.119 105.727 103.322 106.044 106.746 105.284 107.144 108.405 109.337 105.155 105.726 106.457 99.359 102.661 105.124 102.847 105.560 106.410 104.762 99.016 99.156 98.674 101.255 106.234 106.816 107.458 104.947 105.570 106.183 106.706 107.406 108.155 108.676 109.630 109.626 100.300 100.463 100.456 101.375 98.874 100.559 100.730 100.774 102.293 99.058 100.727 100.911 100.990 102.975 99.317 101.085 101.298 101.506 103.206 99.837 101.482 101.679 101.897 103.703 99.940 101.820 102.045 102.157 103.856 100.300 102.196 102.386 102.350 104.164 100.673 102.726 102.967 102.692 105.189 100.601 103.194 103.478 103.007 106.547 100.504 97.629 97.039 96.615 96.703 96.309 96.138 95.791 95.405 95.005 100.000 100.000 100.000 100.000 100.000 99.109 99.180 99.070 98.844 98.009 100.364 100.506 100.524 101.748 98.928 101.646 101.852 101.977 103.732 100.187 98.798 98.987 98.735 98.050 97.875 98.932 99.024 98.953 98.554 97.817 99.100 99.138 99.095 99.077 98.049 99.608 99.869 99.571 99.922 99.496 99.875 99.693 100.347 98.293 98.464 31 100.000 98.322 97.387 96.235 98.498 98.364 98.084 98.341 32 33 34 35 36 37 38 89.629 89.401 91.374 90.536 90.495 90.053 90.061 89.413 100.000 96.005 92.029 90.060 96.733 96.288 95.804 95.194 93.638 92.570 98.384 97.931 97.367 100.000 99.312 99.652 98.840 99.243 99.249 99.066 99.692 100.212 99.768 99.437 99.190 99.326 98.948 98.701 100.000 101.055 103.972 105.783 100.476 100.886 101.169 101.690 102.785 103.833 104.577 104.694 105.299 105.708 105.864 106.261 106.462 106.289 94.961 100.000 93.112 94.913 96.994 92.590 92.810 93.228 93.820 94.141 95.031 95.518 96.318 96.292 97.040 98.326 98.304 98.244 100.000 97.187 98.426 101.797 97.112 96.682 97.609 97.347 96.953 97.952 98.838 99.958 100.746 101.437 102.298 102.707 102.785 103.133 101.354 101.904 102.029 101.868 102.560 103.304 103.486 103.325 103.816 104.045 100.000 100.541 101.789 103.169 100.295 100.636 100.381 100.851 100.000 99.107 99.161 98.522 99.375 99.176 98.967 98.908 99.223 99.205 99.183 99.034 98.963 98.796 98.338 97.992 98.368 98.757 26 27 28 29 30 39 100.000 102.461 105.550 40 100.000 41 100.000 99.405 99.645 98.942 100.392 109.522 101.670 99.370 99.096 101.246 100.027 106.099 107.673 109.598 110.403 110.412 111.261 99.824 99.325 99.296 99.402 99.342 99.898 100.108 100.461 98.796 100.489 98.230 98.864 99.155 100.509 100.315 100.664 99.734 101.505 99.726 102.500 102.614 102.101 99.406 99.328 98.263 103.458 104.294 105.658 106.151 111.443 99.488 99.235 104.088 105.399 4? 4'1 Net exports of goods and services Exports....................................... Goods..................................... Services................................. Imports....................................... Goods..................................... Services.................................. 44 4^ 46 47 48 49 50 51 100.000 104.415 100.000 105.034 100.000 103.096 100.000 106.008 100.000 106.742 100.000 102.849 111.140 113.012 107.039 114.273 116.178 105.713 112.185 113.507 109.312 114.862 116.855 105.895 102.749 103.032 102.163 106.052 106.955 102.159 103.940 104.261 104.401 104.767 102.970 103.197 105.567 104.985 106.315 105.523 102.330 102.707 106.710 109.444 111.659 107.936 111.208 113.761 104.053 105.586 107.051 107.426 111.811 115.233 108.173 113.301 117.215 104.201 105.150 106.304 112.293 114.294 107.900 115.132 117.137 106.127 111.165 112.786 107.618 114.915 117.059 105.270 111.955 113.462 108.667 116.117 118.429 105.679 112.127 112.114 112.543 113.423 113.414 113.731 109.313 109.293 109.974 115.038 113.570 114.725 117.084 115.316 116.592 105.823 105.740 106.336 112.944 114.060 110.531 114.873 116.779 106.309 112.042 112.778 110.461 113.411 115.027 106.164 Government consumption expenditures and gross investment.................................. Federal....................................... National defense..................... Consumption expenditures... Gross investment................ Nondefense............................. Consumption expenditures... Gross investment................ State and local............................ Consumption expenditures...... Gross investment..................... 52 53 54 55 56 57 58 59 60 61 62 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 105.560 105.344 105.191 105.693 103.393 105.624 106.215 103.924 105.710 106.352 103.029 106.882 106.184 106.252 106.824 104.185 106.077 106.755 104.128 107.371 107.652 106.294 101.667 101.719 101.671 101.986 100.551 101.811 102.147 100.839 101.629 102.116 99.603 102.422 102.452 102.266 102.617 101.018 102.792 103.146 101.764 102.399 102.960 100.061 103.668 103.429 103.043 103.348 101.969 104.123 104.434 103.211 103.836 104.538 100.898 106.078 105.835 105.718 106.254 103.795 106.049 106.731 104.094 106.248 106.896 103.535 105.948 105.560 105.283 105.815 103.375 106.061 106.740 104.112 106.220 106.611 104.638 106.697 105.959 105.914 106.464 103.933 106.051 106.716 104.143 107.214 107.656 105.412 106.771 106.182 106.229 106.754 104.343 106.112 106.777 104.203 107.183 107.446 106.189 107.454 107.007 107.283 108.061 104.433 106.549 107.257 104.507 107.775 107.907 107.388 107.501 107.251 107.524 108.252 104.864 106.799 107.538 104.667 107.688 107.708 107.835 102.673 102.614 102.365 102.705 101.160 103.064 103.392 102.111 102.714 103.306 100.242 102.936 102.855 102.480 102.869 101.102 103.530 103.840 102.629 102.991 103.611 100.407 104.579 104.499 104.346 104.726 103.002 104.779 105.191 103.580 104.633 105.384 101.481 105.634 105.483 105.416 105.976 103.401 105.608 106.197 103.912 105.740 106.518 102.462 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. 106.850 106.224 106.322 106.857 104.396 106.065 106.734 104.141 107.288 107.477 106.631 107.209 106.370 106.542 107.221 104.068 106.081 106.795 104.023 107.798 108.029 106.945 70 Domestic Product and Income September 2013 Table 1.5.5. Gross Domestic Product, Expanded Detail [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product....... Personal consumption expenditures............................. Goods......................................... Durable goods........................ Motor vehicles and parts..... Furnishings and durable household equipment...... Recreational goods and vehicles........................... Other durable goods............ Nondurable goods................... Food and beverages purchased for off-premises consumption.................... Clothing and footwear.......... Gasoline and other energy goods.............................. Other nondurable goods...... Services...................................... Household consumption expenditures (for services)... Housing and utilities............ Health care.......................... Transportation services....... Recreation services............. Food services and accommodations............. Financial services and insurance......................... Other services..................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........................... Gross output of nonprofit institutions 2..................... Less: Receipts from sales of goods and services by nonprofit institutions 3...... II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 14,417.9 14,958.3 15,533.8 16,244.6 14,672.5 14,879.2 15,049.8 15,231.7 15,242.9 15,461.9 15,611.8 15,818.7 16,041.6 16,160.4 16,356.0 16,420.3 16,535.3 16,667.9 2 3 4 5 9,842.9 10,201.9 10,711.8 11,149.6 10,042.3 10,134.7 10,234.3 10,396.3 10,527.1 10,662.6 10,778.6 10,878.9 11,019.1 11,100.2 11,193.6 11,285.5 11,379.2 11,429.9 3,198.4 3,362.8 3,602.7 3,769.7 3,304.9 3,325.6 3,362.4 3,458.4 3,532.2 3,588.2 3,622.3 3,668.2 3,729.3 3,738.4 3,784.9 3,826.1 3,851.8 3,849.1 1,023.3 1,070.7 1,129.9 1,202.7 1,040.2 1,064.7 1,075.1 1,102.8 1,115.1 1,116.6 1,129.0 1,158.9 1,184.3 1,189.3 1,206.5 1,230.7 1,244.8 1,257.2 317.1 342.0 368.7 401.7 337.4 368.7 363.4 321.3 345.8 363.4 358.6 384.4 395.4 394.6 401.8 415.1 421.3 421.7 6 244.3 250.4 260.1 275.1 247.8 251.9 249.7 252.3 253.7 258.2 261.7 266.7 273.0 273.3 276.2 277.9 280.7 284.5 7 8 9 303.8 158.2 2,175.1 312.7 165.6 2,292.1 321.1 179.9 2,472.8 334.5 191.3 2,567.0 309.1 161.9 2,264.7 312.6 162.9 2,260.9 313.6 165.9 2,287.3 315.6 171.6 2,355.6 317.8 174.9 2,417.1 319.6 180.3 2,471.5 321.5 182.4 2,493.3 325.7 182.1 2,509.3 329.9 186.0 2,545.0 332.2 189.1 2,549.2 336.1 192.4 2,578.4 339.9 197.8 2,595.4 342.3 200.6 2,607.0 346.5 204.5 2,591.9 10 11 770.0 306.5 788.9 320.6 833.0 338.3 863.3 354.6 785.4 316.1 782.0 318.9 786.6 319.5 801.6 327.7 815.6 331.1 831.2 337.3 839.9 339.5 845.2 345.3 854.3 352.0 861.0 352.1 866.0 357.1 871.8 357.4 878.9 360.0 877.1 362.6 12 13 14 284.5 814.2 6,644.5 333.4 849.2 6,839.1 408.9 892.6 7,109.1 417.0 932.1 7,379.9 328.5 834.7 6,737.4 317.6 842.4 6,809.1 326.9 854.3 6,871.9 360.7 865.5 6,937.9 393.1 877.3 6,995.0 414.3 888.7 7,074.4 417.2 896.7 7,156.3 411.2 907.6 7,210.7 416.9 921.8 7,289.7 410.1 926.0 7,361.8 419.5 935.9 7,408.7 421.6 944.7 7,459.4 418.3 949.7 7,527.4 393.4 958.8 7,580.8 15 16 17 18 19 6,368.5 1,881.0 1,627.4 289.7 376.0 6,563.7 1,909.0 1,690.7 292.9 385.1 6,831.2 1,960.9 1,767.8 308.2 399.7 7,089.4 2,013.9 1,847.6 318.1 416.6 6,461.6 1,898.4 1,654.5 289.0 380.5 6,531.7 1,899.8 1,678.8 291.7 380.9 6,597.1 1,912.4 1,703.1 294.0 387.9 6,664.4 1,925.3 1,726.4 297.1 391.0 6,722.7 1,935.9 1,742.0 301.2 390.7 6,798.8 1,952.2 1,763.9 306.8 399.1 6,871.6 1,975.9 1,768.3 310.9 403.1 6,931.6 1,979.5 1,796.9 314.0 405.9 7,009.5 1,982.7 1,826.2 315.5 412.8 7,071.3 2,013.9 1,835.9 318.1 415.2 7,117.2 2,029.5 1,855.9 318.9 419.2 7,159.6 2,029.4 1,872.5 319.8 419.0 7,243.6 2,065.8 1,889.2 324.2 423.4 7,299.0 2,081.5 1,899.4 324.7 426.0 20 600.3 617.7 658.7 701.7 607.1 614.7 620.6 628.4 639.9 654.1 665.8 674.9 688.1 698.2 703.4 717.2 725.6 733.3 21 22 719.0 875.1 763.2 905.1 801.1 934.8 821.0 970.4 740.5 891.5 764.7 901.2 768.1 911.1 779.6 916.6 788.2 924.7 792.1 930.7 810.8 936.9 813.3 947.0 820.9 963.4 821.3 968.6 817.9 972.4 824.2 977.5 835.1 980.4 844.8 989.2 23 276.0 275.4 277.9 290.5 275.9 277.3 274.7 273.5 272.2 275.6 284.7 279.1 280.2 290.5 291.5 299.8 283.8 281.9 24 1,072.6 1,105.9 1,141.6 1,194.1 1,085.4 1,101.0 1,113.1 1,124.0 1,127.3 1,139.6 1,142.1 1,157.4 1,175.9 1,185.4 1,202.7 1,212.5 1,209.9 1,217.0 25 796.5 830.5 863.7 903.6 809.6 823.7 838.3 850.6 855.0 864.0 857.4 878.3 895.7 894.9 911.2 912.7 926.1 935.1 26 27 28 29 30 1,878.1 2,025.7 1,633.4 438.2 644.3 2,100.8 2,039.3 1,658.2 362.0 731.8 2,232.1 2,195.6 1,809.9 380.6 832.7 2,475.2 2,409.1 1,970.0 437.3 907.6 1,989.5 1,977.5 1,594.4 352.4 682.7 2,092.7 2,042.6 1,641.8 364.5 719.0 2,164.6 2,043.0 1,677.4 361.1 751.2 2,156.5 2,094.1 1,719.3 370.1 774.4 2,120.4 2,098.9 1,721.8 340.8 798.0 2,199.9 2,154.1 1,773.1 370.1 809.9 2,222.2 2,235.7 1,848.9 397.5 849.8 2,385.7 2,293.8 1,895.7 413.9 873.0 2,453.6 2,350.7 1,932.3 422.0 895.4 2,454.0 2,387.1 1,961.4 431.3 907.9 2,493.3 2,411.7 1,968.0 438.3 902.2 2,499.9 2,486.9 2,018.2 457.8 925.0 2,555.1 2,491.7 2,001.4 429.1 928.0 2,626.1 2,541.1 2,029.3 451.3 933.9 31 256.1 276.7 280.4 284.5 271.9 273.3 277.1 284.7 278.7 282.1 280.1 280.6 290.1 281.2 277.5 289.4 286.2 291.4 32 33 34 35 36 37 38 76.8 179.3 152.1 70.6 165.6 550.9 256.8 81.3 195.4 152.9 127.5 174.7 564.3 252.0 76.8 203.6 182.0 171.8 198.6 596.6 267.6 79.2 205.4 195.3 214.4 213.4 625.0 281.6 84.8 187.1 143.7 101.5 165.7 559.2 254.4 83.2 190.1 152.5 121.4 171.9 558.3 248.9 79.5 197.6 154.6 141.6 177.9 565.1 250.7 77.6 207.0 160.9 145.5 183.3 574.8 253.9 73.1 205.6 171.3 156.2 191.9 582.9 259.7 77.5 204.6 173.1 159.2 195.5 593.1 264.6 77.5 202.6 187.1 176.2 206.5 601.6 270.0 79.1 201.5 196.5 195.4 200.6 608.8 275.9 83.5 206.6 190.1 209.0 206.3 614.9 276.8 79.2 202.0 195.5 220.6 210.6 622.2 280.6 71.5 206.0 195.9 212.3 216.5 627.5 281.9 82.5 206.9 199.6 215.7 220.3 635.4 287.3 78.8 207.5 200.1 211.5 230.2 644.3 293.7 75.8 215.6 199.5 213.9 229.1 644.2 293.8 Gross private domestic investment.................................. Fixed investment.......................... Nonresidential......................... Structures............................ Equipment........................... Information processing equipment................... Computers and peripheral equipment Other........................... Industrial equipment........ Transportation equipment Other equipment.............. Intellectual property products Software 4........................ Research and development5............. Entertainment, literary, and artistic originals.... Residential.............................. Change in private inventories...... Farm....................................... Nonfarm.................................. 39 229.0 240.2 255.2 269.1 236.6 237.5 240.6 246.1 249.3 254.9 257.9 259.0 264.1 267.5 271.3 273.4 275.2 275.0 40 41 42 43 44 72.2 381.1 61.5 -7.3 68.9 73.9 365.6 121.5 -11.6 133.2 73.6 381.0 45.8 -9.6 55.4 75.3 490.3 63.4 38.9 24.5 -554.7 2,029.5 1,423.1 606.3 2,584.1 2,163.8 420.3 -572.2 2,095.5 1,469.3 626.2 2,667.7 2,234.6 433.0 -590.8 2,173.4 1,520.7 652.7 2,764.2 2,319.6 444.6 74.1 425.7 66.8 -7.4 74.3 -557.9 2,197.4 1,539.5 657.9 2,755.3 2,307.4 447.8 74.7 468.8 13.0 -15.6 28.6 -543.8 1,860.3 1,286.3 574.0 2,404.0 1,985.5 418.5 73.9 398.1 91.9 -3.3 95.2 -594.4 2,136.2 1,505.0 631.2 2,730.7 2,287.6 443.1 74.4 443.7 81.6 -23.9 105.5 -529.7 1,807.0 1,255.6 551.4 2,336.7 1,933.2 403.5 73.7 386.8 -13.5 -4.6 -8.8 -553.7 2,143.4 1,497.0 646.4 2,697.1 2,252.4 444.6 74.0 418.4 102.9 -0.1 103.0 -547.2 2,195.9 1,536.0 659.9 2,743.1 2,295.4 447.7 74.9 374.7 62.4 -10.5 72.8 -505.3 1,960.4 1,366.4 594.0 2,465.7 2,043.8 421.9 73.9 377.1 21.5 -7.9 29.4 -518.5 1,843.5 1,278.4 565.1 2,362.0 1,951.2 410.8 68.3 383.1 12.1 -1.3 13.3 -495.1 1,746.4 1,205.4 540.9 2,241.4 1,842.3 399.1 71.9 400.8 50.1 -5.9 56.1 45 46 47 48 49 50 51 73.8 385.8 36.4 -6.4 42.8 -568.7 2,101.2 1,473.6 627.6 2,669.9 2,234.6 435.3 74.3 439.2 66.1 -11.7 77.8 Net exports of goods and services Exports....................................... Goods...................................... Services.................................. Imports....................................... Goods...................................... Services.................................. 65.1 392.2 -147.6 -1.6 -146.0 -392.2 1,583.8 1,064.7 519.1 1,976.0 1,587.3 388.7 -524.4 2,199.2 1,545.6 653.6 2,723.5 2,275.0 448.6 -515.8 2,213.7 1,538.3 675.5 2,729.5 2,279.6 449.9 -523.1 2,214.2 1,531.6 682.6 2,737.3 2,281.9 455.3 75.4 511.7 85.0 42.1 42.9 -506.1 2,242.2 1,551.4 690.8 2,748.3 2,286.6 461.7 Government consumption expenditures and gross investment.................................. Federal........................................ National defense...................... Consumption expenditures... Gross investment................. Nondefense............................. Consumption expenditures... Gross investment................. State and local............................. Consumption expenditures...... Gross investment..................... 52 53 54 55 56 57 58 59 60 61 62 3,089.1 1,217.7 788.3 613.3 175.0 429.4 320.4 109.0 1,871.4 1,508.4 363.0 3,174.0 1,303.9 832.8 653.2 179.6 471.1 350.7 120.4 1,870.2 1,518.3 351.9 3,158.7 1,304.1 835.8 662.8 173.0 468.2 345.8 122.4 1,854.7 1,517.4 337.2 3,167.0 1,295.7 817.1 652.0 165.1 478.6 359.7 118.9 1,871.3 1,536.4 334.9 3,135.7 1,269.2 811.9 637.8 174.2 457.3 341.3 115.9 1,866.5 1,521.2 345.3 3,181.5 1,304.6 829.3 650.2 179.1 475.2 354.9 120.4 1,876.9 1,521.0 355.8 3,194.7 1,321.6 846.3 665.6 180.7 475.3 353.2 122.2 1,873.1 1,515.4 357.6 3,184.2 1,320.1 843.5 659.2 184.2 476.6 353.4 123.2 1,864.2 1,515.6 348.6 3,150.0 1,297.4 822.0 650.0 172.0 475.4 351.1 124.3 1,852.6 1,515.0 337.7 3,171.7 1,315.4 844.2 669.4 174.8 471.2 348.0 123.2 1,856.3 1,521.1 335.2 3,164.6 1,308.5 851.6 678.7 173.0 456.9 334.7 122.2 1,856.1 1,519.7 336.4 3,148.5 1,294.9 825.6 653.3 172.3 469.3 349.4 119.9 1,853.6 1,514.0 339.6 3,159.7 1,291.8 816.3 652.9 163.4 475.5 356.4 119.0 1,867.9 1,533.0 334.9 3,164.1 1,293.8 816.7 649.6 167.1 477.1 357.9 119.3 1,870.3 1,531.3 339.0 3,193.5 1,322.1 841.9 675.0 166.9 480.2 361.1 119.2 1,871.4 1,536.8 334.6 3,150.7 1,275.2 793.7 630.6 163.1 481.5 363.3 118.2 1,875.4 1,544.3 331.2 3,124.1 1,255.0 775.8 619.7 156.1 479.2 362.6 116.6 1,869.1 1,543.0 326.1 3,118.0 1,252.7 776.3 615.7 160.6 476.4 360.2 116.2 1,865.3 1,542.2 323.1 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Excludes software “embedded,” or bundled, in computers and other equipment. 5. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. September 2013 S urvey of 71 C u r r e n t B u s in e s s Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product........... Personal consumption expenditures Goods............................................. Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear............. Gasoline and other energy goods................................. Other nondurable goods.......... Services......................................... Household consumption expenditures (for services)...... Housing and utilities................ Healthcare.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........... Gross output of nonprofit institutions 2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Gross private domestic investment Fixed investment.............................. Nonresidential............................. Structures................................ Equipment............................... Information processing equipment....................... Computers and peripheral Other.............................. Industrial equipment............ Transportation equipment.... Other equipment................. Intellectual property products... Software 5........................... Research and development6 Entertainment, literary, and artistic originals............... Residential.................................. Change in private inventories.......... Farm........................................... Nonfarm...................................... Net exports of goods and services... Exports........................................... Goods......................................... Services..................................... Imports........................................... Goods.......................................... Services...................................... Government consumption expenditures and gross investment...................................... Federal............................................ National defense......................... Consumption expenditures...... Gross investment.................... Nondefense................................. Consumption expenditures...... Gross investment.................... State and local................................. Consumption expenditures.......... Gross investment......................... Residual............................................. II 2012 2011 III IV I II III IV I II 2013 III IV I II 1 14,417.9 14,779.4 15,052.4 15,470.7 14,597.7 14,738.0 14,839.3 14,942.4 14,894.0 15,011.3 15,062.1 15,242.1 15,381.6 15,427.7 15,534.0 15,539.6 15,583.9 15,681.0 2 9,842.9 10,035.9 10,291.3 10,517.6 9,915.4 9,995.3 10,063.7 10,169.0 10,221.3 10,258.9 10,311.9 10,373.1 10,447.8 10,496.8 10,541.0 10,584.8 10,644.0 10,690.6 3 3,198.4 3,308.7 3,419.9 3,534.1 3,247.0 3,288.0 3,319.1 3,380.5 3,402.8 3,404.6 3,415.2 3,457.0 3,495.8 3,514.7 3,546.7 3,579.2 3,611.9 3,640.1 4 1,023.3 1,085.7 1,157.1 1,246.7 1,045.2 1,076.3 1,093.8 1,127.4 1,142.3 1,140.0 1,154.4 1,191.7 1,219.7 1,228.6 1,253.4 1,285.2 1,303.5 1,322.9 5 317.1 323.4 339.4 364.0 306.2 319.7 325.7 345.2 342.0 330.0 331.3 351.1 360.3 356.3 363.5 375.8 380.6 379.8 6 244.3 261.5 276.0 292.8 254.0 261.4 262.7 267.9 269.6 273.4 277.0 284.0 289.5 290.1 294.1 297.3 300.3 306.7 7 8 9 303.8 158.2 2,175.1 336.8 164.9 2,223.5 370.5 173.7 2,266.0 410.9 183.6 2,296.8 324.1 162.2 2,201.6 333.8 162.5 2,212.1 341.0 165.4 2,226.0 348.3 169.4 2,254.5 357.3 170.8 2,262.6 365.2 174.1 2,266.5 374.1 175.6 2,263.8 385.4 174.2 2,271.0 395.6 177.5 2,283.6 404.9 181.9 2,293.9 416.1 185.0 2,303.0 426.8 190.1 2,306.7 435.2 192.8 2,322.2 447.5 196.6 2,332.4 10 11 770.0 306.5 786.5 322.7 798.8 335.0 809.4 338.9 786.1 315.9 780.6 321.0 783.8 321.8 795.4 332.0 797.8 334.0 800.7 338.0 798.8 332.2 798.1 335.7 803.8 339.7 808.4 336.3 811.7 340.5 813.5 339.0 817.6 340.5 814.8 345.3 12 13 14 284.5 814.2 6,644.5 282.2 833.0 6,727.2 275.2 861.6 6,871.1 271.5 885.1 6,982.7 279.3 821.0 6,668.3 282.5 828.4 6,707.2 284.2 836.6 6,744.6 282.8 845.8 6,788.5 280.4 852.8 6,818.2 273.8 859.2 6,854.1 273.6 864.3 6,896.6 273.0 870.0 6,915.5 269.9 878.2 6,951.2 274.7 880.9 6,981.4 272.5 886.1 6,993.4 268.8 895.2 7,004.7 271.7 901.8 7,031.1 272.3 909.9 7,049.7 1b 16 17 18 19 6,368.5 1,881.0 1,627.4 289.7 376.0 6,448.9 1,904.3 1,649.2 287.1 381.0 6,592.0 1,928.4 1,693.3 294.3 388.8 6,689.4 1,943.6 1,738.4 298.0 394.4 6,389.2 1,897.2 1,626.0 284.6 379.1 6,425.6 1,896.5 1,640.9 286.2 377.0 6,467.1 1,906.5 1,657.1 288.0 382.4 6,513.5 1,916.8 1,672.8 289.6 385.3 6,544.5 1,918.9 1,681.7 290.4 383.1 6,578.8 1,925.1 1,692.7 293.8 388.7 6,610.1 1,937.3 1,689.2 296.1 391.3 6,634.7 1,932.4 1,709.6 297.0 392.1 6,668.0 1,927.8 1,730.1 296.5 394.0 6,688.3 1,949.2 1,731.4 298.0 394.4 6,698.0 1,955.5 1,741.1 298.8 395.4 6,703.2 1,941.9 1,750.9 298.6 393.7 6,743.2 1,964.5 1,756.5 300.8 396.1 6,770.2 1,963.8 1,767.7 302.6 398.0 20 600.3 609.6 634.0 656.8 603.1 607.7 611.3 616.3 624.2 631.6 636.9 643.4 650.2 654.1 656.2 666.6 670.7 672.3 21 22 719.0 875.1 733.9 883.8 756.0 896.7 746.0 911.9 721.5 878.0 736.1 881.0 735.4 886.3 742.7 889.8 750.7 895.1 751.4 895.1 762.8 896.1 759.0 900.6 757.2 911.2 751.1 909.8 738.1 913.2 737.7 913.6 747.6 907.1 754.7 910.7 23 276.0 278.3 278.9 293.6 279.2 281.7 277.4 274.8 273.5 275.1 286.6 280.5 283.0 293.4 295.8 302.3 287.6 278.4 24 1,072.6 1,086.0 1,100.0 1,132.1 1,072.6 1,084.0 1,090.6 1,097.0 1,094.8 1,098.7 1,098.4 1,108.0 1,122.7 1,126.2 1,138.1 1,141.4 1,132.7 1,132.6 25 796.5 807.7 820.9 838.8 793.5 802.4 813.0 821.9 821.0 823.3 812.2 827.2 839.4 833.2 842.5 839.9 844.8 853.0 26 27 28 29 30 1,878.1 2,025.7 1,633.4 438.2 644.3 2,120.4 2,056.2 1,673.8 366.3 746.7 2,224.6 2,184.6 1,800.5 374.1 841.7 2,436.0 2,365.3 1,931.8 421.6 905.9 2,012.9 1,997.9 1,615.0 359.7 697.7 2,116.9 2,062.8 1,659.3 369.8 735.2 2,185.7 2,060.8 1,692.8 364.4 766.2 2,166.1 2,103.1 1,728.1 371.2 787.8 2,124.3 2,100.7 1,724.1 339.8 810.6 2,196.1 2,144.4 1,765.3 365.3 819.2 2,209.9 2,219.8 1,835.0 388.9 858.0 2,368.2 2,273.4 1,877.3 402.2 879.1 2,427.8 2,320.8 1,903.8 409.0 896.9 2,418.0 2,347.9 1,925.0 416.0 908.5 2,456.5 2,363.5 1,926.4 422.0 899.5 2,441.8 2,429.1 1,971.9 439.4 918.8 2,470.1 2,420.0 1,949.0 407.9 922.5 2,529.2 2,455.8 1,970.1 423.5 929.2 31 256.1 281.4 287.9 295.7 276.0 277.8 282.5 289.5 283.6 289.0 288.6 290.4 300.0 292.0 288.6 302.1 300.0 306.7 M2 33 34 35 36 37 38 39 179.3 152.1 70.6 165.6 550.9 256.8 229.0 196.8 151.3 136.9 179.8 561.3 254.2 234.4 204.3 175.0 181.0 201.8 586.1 269.8 241.8 207.8 184.6 221.0 209.7 605.8 285.9 245.7 188.5 143.0 109.7 170.7 557.6 256.0 232.7 191.5 151.1 130.9 177.8 554.7 250.9 231.5 199.5 152.8 152.0 182.2 563.0 253.3 235.6 207.7 158.3 155.1 188.3 570.0 256.7 237.8 205.2 166.7 166.0 197.9 575.2 261.8 239.0 205.1 166.8 167.7 199.6 582.0 266.7 241.2 203.8 179.0 185.5 208.9 589.6 272.2 242.9 203.2 187.7 204.6 200.7 597.6 278.6 244.1 208.0 180.5 217.0 204.8 599.6 279.7 245.3 204.1 184.9 229.1 207.7 602.3 284.0 244.1 208.7 185.0 218.8 211.6 606.4 286.6 245.7 210.3 187.8 219.4 214.5 614.9 293.1 247.6 211.8 188.0 215.1 224.0 620.6 298.6 247.4 221.4 187.7 217.7 222.1 619.2 297.5 246.8 72.7 382.4 58.2 -7.0 65.9 -462.6 1,765.6 1,217.2 548.1 2,228.1 1,828.0 399.4 74.6 384.3 33.6 -4.5 39.7 74.8 433.7 57.6 -7.2 68.7 68.9 383.0 9.8 -3.0 12.9 45 46 47 48 49 50 51 65.1 392.2 -147.6 -1.6 -146.0 -392.2 1,583.8 1,064.7 519.1 1,976.0 1,587.3 388.7 -445.9 1,890.5 1,303.9 586.3 2,336.4 1,923.4 411.8 -430.8 1,957.4 1,353.2 603.7 2,388.2 1,964.3 422.8 -413.6 1,700.4 1,170.6 529.6 2,113.9 1,722.9 390.7 72.3 403.5 48.8 -5.8 54.6 -474.3 1,739.3 1,203.3 535.6 2,213.6 1,818.4 394.4 74.0 368.1 116.2 -9.9 126.8 -504.9 1,784.9 1,228.4 556.3 2,289.8 1,881.4 407.5 75.4 375.1 58.1 -9.5 69.1 -457.5 1,837.7 1,266.4 571.0 2,295.2 1,889.2 404.9 74.4 376.7 22.0 -5.5 28.7 -456.5 1,854.7 1,280.0 574.3 2,311.3 1,909.8 399.8 74.1 379.2 42.9 -6.1 51.1 -438.3 1,876.9 1,291.6 585.0 2,315.2 1,906.5 407.4 74.6 384.9 -11.0 -3.9 -6.6 -433.9 1,908.9 1,309.8 599.2 2,342.8 1,923.1 419.0 75.2 396.2 80.6 -2.5 85.5 -454.7 1,921.7 1,334.3 586.6 2,376.4 1,954.4 420.9 74.8 417.2 89.2 -0.8 92.5 -439.2 1,941.4 1,340.2 600.7 2,380.6 1,958.6 420.8 74.7 423.0 56.8 -4.9 64.7 -435.3 1,959.8 1,357.3 601.9 2,395.1 1,970.7 423.2 74.6 437.3 77.2 -13.6 97.3 -436.5 1,961.6 1,362.8 598.0 2,398.0 1,972.7 424.2 74.9 457.5 7.3 -9.6 20.3 -412.1 1,967.0 1,352.6 614.2 2,379.1 1,955.1 423.1 75.7 471.2 42.2 16.0 22.2 -422.3 1,960.5 1,342.8 617.5 2,382.7 1,954.0 428.3 76.0 485.7 62.6 20.0 38.1 -422.0 2,001.2 1,375.6 625.4 2,423.2 1,987.8 434.9 52 53 54 55 56 57 58 59 60 61 62 63 3,089.1 1,217.7 788.3 613.3 175.0 429.4 320.4 109.0 1,871.4 1,508.4 363.0 -0.3 3,091.4 1,270.7 813.5 636.0 177.5 457.1 339.2 117.9 1,820.8 1,469.7 351.0 -6.4 2,992.3 1,237.9 794.6 627.1 167.3 443.3 325.6 117.8 1,754.5 1,426.8 327.3 -20.6 2,963.1 1,220.3 769.1 610.4 158.5 451.2 336.9 114.2 1,742.8 1,427.1 315.1 -34.1 3,084.3 1,247.8 798.6 625.3 173.2 449.2 334.2 115.0 1,836.5 1,489.6 346.7 0.0 3,106.2 1,273.4 811.0 633.7 177.3 462.4 344.1 118.3 1,832.8 1,477.2 355.6 -5.7 3,103.5 1,285.0 825.9 647.1 178.8 459.1 340.1 119.0 1,818.5 1,462.4 356.2 -7.7 3,071.5 1,276.4 818.6 637.9 180.7 457.7 338.4 119.4 1,795.2 1,449.6 345.5 -11.2 3,012.0 1,241.6 787.8 620.7 167.0 453.7 333.8 120.0 1,770.5 1,437.5 332.7 -16.9 3,002.4 1,247.0 800.8 631.7 169.0 446.2 327.7 118.5 1,755.5 1,428.0 327.1 -16.0 2,983.2 1,236.4 805.6 638.7 166.6 430.8 313.6 117.3 1,746.9 1,421.6 324.9 -25.2 2,971.7 1,226.7 784.2 617.4 166.7 442.5 327.3 115.2 1,745.0 1,420.1 324.5 -23.9 2,961.3 1,219.1 770.7 613.2 157.2 448.3 334.0 114.3 1,742.2 1,424.0 317.7 -25.4 2,963.5 1,218.5 768.8 608.4 160.2 449.7 335.2 114.5 1,745.0 1,425.2 319.2 -30.1 2,988.8 1,244.6 791.8 631.7 159.8 452.8 338.3 114.4 1,744.3 1,429.9 313.8 -34.6 2,938.8 1,198.9 745.0 588.1 156.8 453.9 340.2 113.7 1,739.8 1,429.5 309.6 -45.1 2,907.4 1,172.8 723.1 573.4 149.5 449.8 338.1 111.6 1,734.3 1,429.9 303.7 -38.0 2,900.5 1,168.0 722.0 568.7 153.2 446.1 335.0 111.0 1,732.1 1,431.8 299.6 -40.2 40 41 42 43 44 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. The quantity index for computers can be used to accurately measure the real growth of this component. However, because computers exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estimates should not be used to measure the component's relative importance or its contribution to the growth rate of more aggregate series; accurate estimates of these contributions are shown in table 1.5.2 and real growth rates are shown in table 1.5.1. 5. Excludes software “embedded,” or bundled, in computers and other equipment. 6. Research and development investment excludes expenditures for software development. Software development expenditures are included in software investment on line 38. N ote. The residual line is the difference between the first line and the sum of the most detailed lines. 72 Domestic Product and Income September 2013 Table 1.6.4. Price Indexes for Gross Domestic Purchases [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Gross domestic purchases........... Personal consumption expenditures Goods............................................. Durable goods............................ Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear.............. Gasoline and other energy goods.................................. Other nondurable goods.......... Services.......................................... Household consumption expenditures........................... Housing and utilities................ Health care.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs).............. Gross private domestic investment Fixed investment.............................. Nonresidential............................. Structures................................ Equipment............................... Information processing equipment....................... Computers and peripheral equipment................... Other............................... Industrial equipment............ Transportation equipment.... Other equipment.................. Intellectual property products... Software 1............................ Research and development Entertainment, literary, and artistic originals............... Residential................................... Change in private inventories.......... Government consumption expenditures and gross investment...................................... Federal........................................... National defense.......................... Consumption expenditures...... Gross investment..................... Nondefense................................ Consumption expenditures...... Gross investment..................... State and local................................. Consumption expenditures...... Gross investment..................... Addenda: Final sales of computers to domestic purchasers 2................................ Gross domestic purchases excluding final sales of computers to domestic purchasers................... Food 3............................................. Energy goods and services............. Gross domestic purchases excluding food and energy........................... Gross domestic product.................. Gross domestic product excluding final sales of computers............................ Food 3...................................... Energy goods and services..... Gross domestic product excluding food and energy... Final sales of domestic product....... Final sales to domestic purchasers Implicit price deflator for gross domestic purchases.................... II 2011 III 1 100.000 101.528 103.884 105.599 101.036 101.285 101.609 100.000 101.654 104.086 106.009 101.282 101.398 101.698 100.000 101.637 105.345 106.666 101.786 101.147 101.307 100.000 98.622 97.649 96.467 99.506 98.902 98.275 100.000 105.735 108.645 110.375 104.946 105.543 106.175 2 3 4 5 6 100.000 95.761 94.247 93.972 97.550 96.321 IV II 2012 III 102.183 102.900 103.792 104.307 102.239 102.996 103.938 104.529 102.308 103.804 105.395 106.068 97.803 97.606 97.947 97.797 106.278 106.791 108.646 109.660 95.041 94.132 94.108 94.465 94.508 IV I II 2013 III IV 104.538 105.124 105.383 105.742 106.150 104.880 105.471 105.750 106.193 106.622 106.112 106.681 106.366 106.718 106.900 97.248 97.087 96.791 96.246 95.746 109.483 109.728 110.755 110.555 110.460 93.905 94.324 94.202 93.910 93.454 I II 106.467 106.553 106.909 106.917 106.641 105.740 95.487 95.016 110.707 111.048 93.438 92.770 78.621 7 100.000 92.854 86.679 81.424 95.335 93.593 91.938 90.550 88.896 87.449 85.890 84.480 83.355 82.002 80.729 79.611 77.390 8 100.000 100.430 103.601 104.174 99.839 100.247 100.330 101.305 102.433 103.535 103.872 104.566 104.792 103.941 103.966 103.999 104.015 104.010 9 100.000 103.085 109.128 111.765 102.868 102.216 102.763 104.492 106.833 109.050 110.138 110.491 111.448 111.127 111.964 112.522 112.264 111.126 10 100.000 100.309 104.276 106.657 99.904 100.183 100.357 100.791 102.240 103.809 105.146 105.907 106.287 106.496 106.682 107.163 107.503 107.647 11 100.000 99.347 101.000 104.651 100.067 99.329 99.272 98.719 99.120 99.800 102.200 102.880 103.629 104.720 104.850 105.405 105.729 105.019 12 100.000 118.140 148.588 153.621 117.521 112.412 115.069 127.557 140.171 151.240 152.422 150.517 154.412 149.254 153.961 156.856 153.941 144.485 13 100.000 101.954 103.599 105.312 101.671 101.694 102.115 102.334 102.877 103.437 103.756 104.324 104.971 105.122 105.622 105.535 105.316 105.372 14 100.000 101.663 103.463 105.689 101.038 101.521 101.890 102.204 102.596 103.217 103.768 104.271 104.872 105.450 105.939 106.493 107.060 107.536 102.320 100.444 103.214 102.589 101.465 102.727 100.891 103.589 103.728 101.999 103.348 101.411 104.210 104.437 102.685 20 100.000 101.330 103.887 106.842 100.667 101.159 101.522 101.971 102.531 103.567 104.544 104.908 105.829 106.740 107.197 107.601 1b 16 17 18 19 100.000 100.000 100.000 100.000 100.000 101.781 100.249 102.517 102.024 101.075 103.628 101.683 104.399 104.730 102.808 105.980 103.616 106.286 106.750 105.622 101.135 100.068 101.754 101.538 100.384 101.654 100.172 102.318 101.916 101.019 102.014 100.311 102.783 102.055 101.433 103.958 101.992 104.683 105.004 103.009 104.478 102.440 105.113 105.752 103.539 105.124 102.847 105.560 106.410 104.762 105.727 103.322 106.044 106.746 105.284 106.259 103.789 106.596 106.744 106.022 106.809 104.507 106.946 107.100 106.421 107.422 105.162 107.560 107.780 106.904 107.811 105.994 107.454 107.305 107.018 108.194 109.074 21 100.000 103.993 105.966 110.057 102.648 103.885 104.460 104.980 105.003 105.422 106.296 107.144 108.405 109.337 110.786 111.701 111.682 111.932 22 100.000 102.413 104.250 106.415 101.547 102.295 102.799 103.011 103.313 103.971 104.559 105.155 105.726 106.457 106.480 106.996 108.083 108.628 23 100.000 98.946 99.642 98.932 98.794 98.440 99.021 99.527 24 25 26 27 28 100.000 100.000 100.000 100.000 100.000 99.109 99.180 99.070 98.844 98.009 100.364 100.506 100.524 101.748 98.928 101.646 101.852 101.977 103.732 100.187 98.798 98.987 98.735 98.050 97.875 98.932 99.024 98.953 98.554 97.817 99.100 99.138 99.095 99.077 98.049 99.608 99.869 99.571 99.922 99.496 99.875 99.693 100.347 98.293 98.464 29 100.000 98.322 97.387 96.235 98.498 98.364 98.084 98.341 30 31 32 33 34 35 36 37 99.359 99.475 99.016 99.022 98.532 99.156 100.300 100.463 100.456 101.375 98.874 100.559 100.730 100.774 102.293 99.058 100.727 100.911 100.990 102.975 99.317 101.085 101.298 101.506 103.206 99.837 101.482 101.679 101.897 103.703 99.940 101.820 102.045 102.157 103.856 100.300 102.196 102.386 102.350 104.164 100.673 102.726 102.967 102.692 105.189 100.601 103.194 103.478 103.007 106.547 100.504 97.629 97.039 96.615 96.703 96.309 96.138 95.791 95.405 95.005 100.000 96.005 92.029 90.060 96.733 96.288 95.804 95.194 93.638 92.570 91.374 90.536 90.495 100.000 99.312 99.652 98.840 99.243 99.249 99.066 99.692 100.212 99.768 99.437 99.190 99.326 100.000 101.055 103.972 105.783 100.476 100.886 101.169 101.690 102.785 103.833 104.577 104.694 105.299 100.000 93.112 94.913 96.994 92.590 92.810 93.228 93.820 94.141 94.961 95.031 95.518 96.318 100.000 97.187 98.426 101.797 97.112 96.682 97.609 97.347 96.953 97.952 98.838 99.958 100.746 100.000 100.541 101.789 103.169 100.295 100.636 100.381 100.851 101.354 101.904 102.029 101.868 102.560 98.522 99.375 99.176 98.967 98.908 99.223 99.205 99.183 99.034 98.963 100.000 99.107 99.161 100.000 102.461 105.550 109.522 101.670 102.614 102.101 103.458 104.294 105.658 106.151 106.099 107.673 90.053 98.948 105.708 96.292 101.437 103.304 98.796 109.598 90.061 98.701 105.864 97.040 102.298 103.486 98.338 110.403 89.629 98.384 106.261 98.326 102.707 103.325 97.992 110.412 89.401 97.931 106.462 98.304 102.785 103.816 98.368 111.261 89.413 97.367 106.289 98.244 103.133 104.045 98.757 111.443 38 100.000 39 100.000 40 41 4? 99.405 98.942 99.370 99.096 99.645 100.392 101.246 100.027 99.406 99.328 99.824 99.325 99.548 100.188 98.263 98.674 101.255 99.296 99.402 99.342 98.796 98.230 98.864 99.155 99.734 99.726 99.488 99.235 99.898 100.108 100.461 100.489 100.509 100.315 100.664 101.505 102.500 104.088 105.399 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.673 102.614 102.365 102.705 101.160 103.064 103.392 102.111 102.714 103.306 100.242 105.560 105.344 105.191 105.693 103.393 105.624 106.215 103.924 105.710 106.352 103.029 106.882 106.184 106.252 106.824 104.185 106.077 106.755 104.128 107.371 107.652 106.294 101.667 101.719 101.671 101.986 100.551 101.811 102.147 100.839 101.629 102.116 99.603 102.422 102.452 102.266 102.617 101.018 102.792 103.146 101.764 102.399 102.960 100.061 102.936 102.855 102.480 102.869 101.102 103.530 103.840 102.629 102.991 103.611 100.407 103.668 103.429 103.043 103.348 101.969 104.123 104.434 103.211 103.836 104.538 100.898 104.579 104.499 104.346 104.726 103.002 104.779 105.191 103.580 104.633 105.384 101.481 105.634 105.483 105.416 105.976 103.401 105.608 106.197 103.912 105.740 106.518 102.462 106.078 105.835 105.718 106.254 103.795 106.049 106.731 104.094 106.248 106.896 103.535 105.948 105.560 105.283 105.815 103.375 106.061 106.740 104.112 106.220 106.611 104.638 106.697 105.959 105.914 106.464 103.933 106.051 106.716 104.143 107.214 107.656 105.412 106.771 106.182 106.229 106.754 104.343 106.112 106.777 104.203 107.183 107.446 106.189 106.850 106.224 106.322 106.857 104.396 106.065 106.734 104.141 107.288 107.477 106.631 107.209 106.370 106.542 107.221 104.068 106.081 106,795 104.023 107,798 108.029 106.945 107.454 107.007 107.283 108.061 104.433 106.549 107.257 104.507 107.775 107.907 107.388 107.501 107.251 107.524 108.252 104.864 106.799 107.538 104.667 107.688 107.708 107.835 54 100.000 94.719 88.519 84.085 95.896 95.010 94.419 93.550 91.120 89.498 87.383 86.075 85.284 84.507 83.972 82.577 81.668 80.948 43 44 45 46 47 48 49 50 51 52 53 bb 100.000 101.590 104.030 105.808 101.082 101.342 101.675 102.263 103.010 103.926 104.468 104.715 105.315 105.584 105,953 106.379 106.710 106.805 56 100.000 100.350 103.970 106.231 99.876 100.176 100.389 100.959 102.104 103.453 104.772 105.550 105.842 106.032 106.198 106.852 107.221 107.271 57 100.000 110.317 127.626 129.419 109.880 107.295 108.819 115.275 122.498 129.256 130.111 128.640 130.156 127.024 129.234 131.262 129.776 125.637 58 100.000 101.268 103.024 104.706 100.777 101.121 101.408 101.766 102.229 102.895 103.356 103.616 104.185 104.561 59 100.000 101.215 103.203 105.008 100.509 100.972 101.432 101.948 102.354 103.024 103.651 103.782 104.296 104.751 104.868 105.209 105.580 105.810 105.345 105.640 105.994 106.193 60 100.000 101.264 103.299 105.145 100.544 101.014 101.487 102.011 102.432 103.111 103.758 103.897 104.414 104.879 105.488 105.799 106.164 106.376 61 100.000 99.870 104.050 107.375 99.431 99.385 99.756 100.908 102.391 103.399 104.964 105.446 105.818 106.575 108.151 108.958 109.260 108.836 62 100.000 95.096 97.616 98.431 85.889 92.043 99.584 102.867 96.727 96.487 101.268 95.980 92.857 95.804 104.574 100.490 98.080 96.651 63 100.000 101.427 103.276 105.016 100.859 101.256 101.588 102.006 102.480 103.143 103.625 103.854 104.468 104.848 105.188 105.562 105.983 106.263 64 100.000 101.217 103.217 105.033 100.525 100.975 101.430 101.936 102.355 103.041 103.670 103.802 104.322 104.774 105.374 105.663 106.024 106.230 65 100.000 101.528 103.898 105.624 101.050 101.287 101.606 102.170 102.900 103.808 104.325 104.558 105.150 105.405 105.769 106.171 106.496 106.587 66 100.000 101.523 103.880 105.594 101.040 101.272 101.596 102.171 1. Excludes software “embedded" or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. I 102.889 103.770 104.304 104.539 105.119 105.383 105.691 106.177 106.576 106.652 September 2013 Survey of 73 C u r r e n t B u s in e s s Table 1.6.7. Percent Change From Preceding Period in Prices for Gross Domestic Purchases [Percent] Seasonally adjusted at annual rates Line Gross domestic purchases.......... Personal consumption expenditures Goods............................................. Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles.............................. Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear............. Gasoline and other energy goods................................. Other nondurable goods.......... Services......................................... Household consumption expenditures............................ Housing and utilities................ Healthcare.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs).............. Gross private domestic investment Fixed investment.............................. Nonresidential............................. Structures................................ Equipment............................... Information processing equipment....................... Computers and peripheral equipment................... Other.............................. Industrial equipment............ Transportation equipment.... Other equipment................. Intellectual property products... Software 1........................... Research and development Entertainment, literary, and artistic originals............... Residential.................................. Change in private inventories.......... Farm........................................... Government consumption expenditures and gross investment..................................... Federal........................................... National defense......................... Consumption expenditures...... Gross investment.................... Nondefense................................. Consumption expenditures...... Gross investment.................... State and local................................. Consumption expenditures...... Gross investment.................... Addenda: Final sales of computers to domestic purchasers 2................................ Gross domestic purchases excluding final sales of computers to domestic purchasers................... Food 3............................................. Energy goods and services............. Gross domestic purchases excluding food and energy.......................... Gross domestic product.................. Gross domestic product excluding final sales of computers........................... Food 3..................................... Energy goods and services..... Gross domestic product excluding food and energy... Final sales of domestic product....... Final sales to domestic purchasers Implicit price deflator for gross domestic purchases4.................. 2009 2010 2011 2012 2010 2013 II 1.8 1.4 1.1 -1.6 6.4 1.0 1.3 2.3 2.8 3.5 2.0 0.9 2.3 1.0 1.4 0.5 -2.5 -2.4 2.3 1.2 0.6 -2.5 2.4 2.1 4.0 -1.9 0.4 3.0 6.0 -0.8 1.9 3.7 6.3 1.4 7.1 2.3 2.6 -0.6 3.8 1.3 0.2 -2.2 -0.6 2.3 2.2 -0.7 0.9 1.1 -1.2 -1.2 3.8 III IV I III II IV I II IV I 1.6 1.6 0.7 -2.1 -0.3 1.2 0.3 1.7 1.3 -2.2 -0.7 1.1 -1.0 -1.1 0.9 0.0 -3.3 -2.0 1.2 III II 1 -0.2 1.5 2.3 1.7 2 3 4 5 -0.1 -2.3 -1.7 0.3 1.7 1.6 -1.4 5.7 2.4 3.6 -1.0 2.8 1.8 1.3 -1.2 1.6 6 -0.4 -4.2 -1.6 -0.3 -3.6 -4.9 -5.2 -3.8 -0.1 1.5 0.2 -2.5 1.8 -0.5 -1.2 -1.9 -0.1 -2.8 / 8 9 -6.3 1.1 -2.6 -7.1 0.4 3.1 -6.7 3.2 5.9 -6.1 0.6 2.4 -6.6 -3.5 2.4 -7.1 1.6 -2.5 -6.9 0.3 2.2 -5.9 3.9 6.9 -7.1 4.5 9.3 -6.4 4.4 8.6 -6.9 1.3 4.1 -6.4 2.7 1.3 -5.2 0.9 3.5 -6.3 -3.2 -1.1 -6.1 0.1 3.0 -5.4 0.1 2.0 -4.9 0.1 -0.9 -6.1 0.0 -4.0 10 11 1.2 0.9 0.3 -0.7 4.0 1.7 2.3 3.6 1.6 -0.3 1.1 -2.9 0.7 -0.2 1.7 -2.2 5.9 1.6 6.3 2.8 5.3 10.0 2.9 2.7 1.4 2.9 0.8 4.3 0.7 0.5 1.8 2.1 1.3 1.2 0.5 -2.7 12 13 14 -27.2 4.6 1.1 18.1 2.0 1.7 25.8 1.6 1.8 3.4 1.7 2.2 9.2 1.6 1.5 -16.3 0.1 1.9 9.8 1.7 1.5 51.0 0.9 1.2 45.8 2.1 1.5 35.5 2.2 2.4 3.2 1.2 2.2 -4.9 2.2 2.0 10.8 2.5 2.3 -12.7 0.6 2.2 13.2 1.9 1.9 7.7 -0.3 2.1 -7.2 -0.8 2.1 -22.4 0.2 1.8 1b 16 17 18 19 1.3 1.1 2.7 3.1 1.2 1.8 0.2 2.5 2.0 1.1 1.8 1.4 1.8 2.7 1.7 2.3 1.9 1.8 1.9 2.7 1.6 0.2 2.3 1.9 -0.5 2.1 0.4 2.2 1.5 2.6 1.4 0.6 1.8 0.5 1.6 1.2 0.5 1.7 2.1 0.1 1.6 1.8 1.5 4.5 2.1 2.4 2.1 2.4 2.8 2.7 2.4 2.3 1.8 2.2 1.3 2.0 1.8 1.7 2.9 2.1 2.5 1.6 1.7 2.5 4.8 2.3 1.9 1.8 1.3 2.0 2.0 1.8 2.1 0.0 2.8 2.1 2.8 1.3 1.3 1.5 2.3 2.5 2.3 2.6 1.8 1.5 3.2 -0.4 -1.8 0.4 20 2.2 1.3 2.5 2.8 0.7 2.0 1.4 1.8 2.2 4.1 3.8 1.4 3.6 3.5 1.7 1.5 2.2 3.3 21 22 -4.4 2.6 4.0 2.4 1.9 1.8 3.9 2.1 4.1 2.5 4.9 3.0 2.2 2.0 2.0 0.8 0.1 1.2 1.6 2.6 3.4 2.3 3.2 2.3 4.8 2.2 3.5 2.8 5.4 0.1 3.3 2.0 -0.1 4.1 0.9 2.0 23 -3.0 -1.1 0.7 -0.7 -1.0 -1.4 2.4 2.1 0.1 2.6 -3.3 0.5 -1.8 0.0 -2.0 2.6 -1.9 10.9 24 25 26 27 28 -1.0 -1.0 -0.3 -2.2 1.3 -0.9 -0.8 -0.9 -1.2 -2.0 1.3 1.3 1.5 2.9 0.9 1.3 1.3 1.4 1.9 1.3 -0.8 -1.1 -1.5 1.5 -4.2 0.5 0.1 0.9 2.1 -0.2 0.7 0.5 0.6 2.1 1.0 2.1 1.8 1.6 2.5 1.0 1.1 1.4 1.5 2.7 0.7 1.7 2.2 2.3 4.2 1.7 1.0 1.1 1.3 3.7 0.7 0.7 0.7 0.9 2.7 1.0 1.4 1.5 2.1 0.9 2.1 1.6 1.5 1.5 1.9 0.4 1.3 1.4 1.0 0.6 1.4 1.5 1.3 0.8 1.2 1.5 2.1 2.3 1.3 4.0 -0.3 1.8 2.0 1.2 5.3 -0.4 29 -3.5 -1.7 -1.0 -1.2 -2.0 -0.5 -1.1 1.1 -0.3 -2.6 -2.4 -1.7 0.4 -1.6 -0.7 -1.4 -1.6 -1.7 30 31 32 33 34 35 36 37 -8.0 -1.6 1.3 7.3 6.0 -0.8 -0.9 -0.9 -4.0 -0.7 1.1 -6.9 -2.8 0.5 -0.9 2.5 -4 A 0.3 2.9 1.9 1.3 1.2 0.1 3.0 -2.1 -0.8 1.7 2.2 3.4 1.4 -0.6 3.8 -2.8 -1.7 0.8 -14.1 -6.8 -0.3 -1.6 2.1 -1.8 0.0 1.6 1.0 -1.8 1.4 -0.8 3.8 -2.0 -0.7 1.1 1.8 3.9 -1.0 -0.8 -2.0 -2.5 2.6 2.1 2.6 -1.1 1.9 -0.2 5.4 -6.4 2.1 4.4 1.4 -1.6 2.0 1.3 3.3 -4.5 -1.8 4.1 3.5 4.2 2.2 -0.1 5.3 -5.1 -1.3 2.9 0.3 3.7 0.5 -0.1 1.9 -3.6 -1.0 0.4 2.1 4.6 -0.6 -0.6 -0.2 -0.2 0.5 2.3 3.4 3.2 2.7 -0.3 6.1 -1.9 -1.5 1.6 -0.1 2.8 2.9 -0.7 7.3 0.0 -1.0 0.6 3.1 3.4 0.7 -1.8 3.0 -1.9 -1.3 1.5 5.4 1.6 -0.6 -1.4 0.0 -1.0 -1.8 0.8 -0.1 0.3 1.9 1.5 3.1 0.1 -2.3 -0.6 -0.2 1.4 0.9 1.6 0.7 38 39 40 41 4? -0.1 -3.5 -0.6 -0.4 -0.5 0.7 0.4 0.9 -3.7 0.6 1.3 -2.8 1.7 0.0 -2.1 2.3 0.4 0.8 -0.2 1.4 -2.2 0.1 -2.3 0.1 2.6 -0.8 1.2 1.4 2.4 3.4 0.0 4.0 -1.0 6.3 -1.0 5.1 43 44 45 46 47 48 49 50 51 52 53 -0.3 -0.3 -0.8 -1.0 0.0 0.7 0.9 0.0 -0.3 -0.8 1.8 2.7 2.6 2.4 2.7 1.2 3.1 3.4 2.1 2.7 3.3 0.2 2.8 2.7 2.8 2.9 2.2 2.5 2.7 1.8 2.9 2.9 2.8 1.3 0.8 1.0 1.1 0.8 0.4 0.5 0.2 1.6 1.2 3.2 4.8 5.5 5.6 6.9 1.2 5.4 6.3 2.8 4.3 5.0 1.3 3.0 2.9 2.4 2.5 1.9 3.9 4.0 3.7 3.1 3.3 1.9 2.0 1.6 0.8 1.0 0.3 2.9 2.7 3.4 2.3 2.6 1.4 2.9 2.3 2.2 1.9 3.5 2.3 2.3 2.3 3.3 3.6 2.0 3.6 4.2 5.2 5.4 4.1 2.5 2.9 1.4 3.1 3.3 2.3 4.1 3.8 4.2 4.9 1.6 3.2 3.9 1.3 4.3 4.4 3.9 1.7 1.3 1.2 1.1 1.5 1.7 2.0 0.7 1.9 1.4 4.3 -0.5 -1.0 -1.6 -1.6 -1.6 0.0 0.0 0.1 -0.1 -1.1 4.3 2.9 1.5 2.4 2.5 2.2 0.0 -0.1 0.1 3.8 4.0 3.0 0.3 0.8 1.2 1.1 1.6 0.2 0.2 0.2 -0.1 -0.8 3.0 0.3 0.2 0.4 0.4 0.2 -0.2 -0.2 -0.2 0.4 0.1 1.7 1.4 0.6 0.8 1.4 -1.3 0.1 0.2 -0.5 1.9 2.1 1.2 0.9 2.4 2.8 3.2 1.4 1.8 1.7 1.9 -0.1 -0.5 1.7 0.2 0.9 0.9 0.7 1.7 0.9 1.1 0.6 -0.3 -0.7 1.7 b4 -10.0 -5.3 -6.5 -5.0 -3.4 -3.6 -2.5 -3.6 -10.0 -6.9 -9.1 -5.9 -3.6 -3.6 -2.5 -6.5 -4.3 -3.5 bb 56 57 -0.1 1.1 -19.2 1.6 0.4 10.3 2.4 3.6 15.7 1.7 2.2 1.4 1.8 1.5 8.1 1.0 1.2 -9.1 1.3 0.9 5.8 2.3 2.3 25.9 3.0 4.6 27.5 3.6 5.4 24.0 2.1 5.2 2.7 0.9 3.0 -4.4 2.3 1.1 4.8 1.0 0.7 -9.3 1.4 0.6 7.1 1.6 2.5 6.4 1.3 1.4 -4.5 0.4 0.2 -12.2 58 59 0.5 0.8 1.3 1.2 1.7 2.0 1.6 1.7 1.5 1.3 1.4 1.9 1.1 1.8 1.4 2.1 1.8 1.6 2.6 2.6 1.8 2.5 1.0 0.5 2.2 2.0 1.5 1.8 1.2 2.3 1.3 1.1 1.4 1.3 0.9 0.8 60 61 62 0.9 0.2 20.0 1.3 -0.1 -4.9 2.0 4.2 2.6 1.8 3.2 0.8 1.4 1.0 -8.4 1.9 -0.2 31.9 1.9 1.5 37.0 2.1 4.7 13.9 1.7 6.0 -21.8 2.7 4.0 -1.0 2.5 6.2 21.3 0.5 1.8 -19.3 2.0 1.4 -12.4 1.8 2.9 13.3 2.3 6.0 42.0 1.2 3.0 -14.7 1.4 1.1 -9.3 0.8 -1.5 -5.7 63 64 65 0.5 0.8 -0.2 1.4 1.2 1.5 1.8 2.0 2.3 1.7 1.8 1.7 1.7 1.3 1.7 1.6 1.8 0.9 1.3 1.8 1.3 1.7 2.0 2.2 1.9 1.7 2.9 2.6 2.7 3.6 1.9 2.5 2.0 0.9 0.5 0.9 2.4 2.0 2.3 1.5 1.7 1.0 1.3 2.3 1.4 1.4 1.1 1.5 1.6 1.4 1.2 1.1 0.8 0.3 66 -0.3 1.5 2.3 1.6 1.9 0.9 1.3 2.3 2.8 3.5 2.1 0.9 2.2 1.0 1.2 1.9 1.5 0.3 1. Excludes software “embedded," or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 4. The percent change for this series is calculated from the implicit price deflator in NIPA table 1.6.4. 2012 2011 I 74 Domestic Product and Income September 2013 Table 1.6.8. Contributions to Percent Change in the Gross Domestic Purchases Price Index Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2011 2010 I II IV III I II 2012 III IV I II 2013 III IV I II Percent change at annual rate: Gross domestic purchases................... 1 -0.2 1.5 2.3 1.7 1.8 1.0 1.3 2.3 2.8 3.5 2.0 0.9 2.3 1.0 1.4 1.6 1.2 0.3 2 3 4 5 -0.04 -0.51 -0.12 0.01 1.09 0.35 -0.10 0.12 1.58 0.80 -0.07 0.06 1.23 0.28 -0.09 0.04 0.96 0.26 -0.10 0.13 0.33 -0.53 -0.16 0.05 0.79 0.14 -0.17 0.05 1.40 0.86 -0.13 0.01 1.95 1.29 -0.06 0.05 2.45 1.37 0.10 0.16 1.52 0.57 -0.04 0.08 0.90 0.04 -0.16 -0.01 1.53 0.49 -0.04 0.02 0.72 -0.26 -0.08 0.09 1.13 0.30 -0.16 -0.02 1.08 0.16 -0.15 -0.01 0.72 -0.22 -0.08 0.02 0.02 -0.76 -0.14 0.03 6 7 8 9 -0.01 -0.14 0.01 -0.39 -0.07 -0.15 0.00 -0.06 -0.14 -0.04 0.36 -0.08 -0.15 0.02 -0.37 -0.06 -0.12 0.04 0.99 0.00 -0.15 0.05 1.34 0.02 -0.13 0.05 1.27 0.00 -0.14 0.01 0.62 -0.04 -0.13 0.03 0.20 0.03 -0.11 0.01 0.54 -0.01 -0.13 -0.04 -0.17 -0.02 -0.12 -0.03 -0.11 0.00 -0.13 0.01 0.37 -0.09 -0.14 -0.05 -0.13 0.00 0.00 0.45 -0.03 -0.14 0.03 0.87 0.46 0.31 10 11 12 13 14 15 16 17 18 19 20 21 22 0.06 0.02 -0.70 0.24 0.47 0.52 0.14 0.28 0.06 0.03 0.09 -0.22 0.15 0.02 -0.01 0.34 0.11 0.74 0.76 0.03 0.27 0.04 0.03 0.05 0.19 0.14 0.20 0.03 0.54 0.09 0.78 0.77 0.18 0.20 0.05 0.04 0.10 0.09 0.10 0.12 0.08 0.08 0.09 0.95 0.96 0.23 0.20 0.04 0.07 0.12 0.19 0.12 0.08 -0.01 0.19 0.09 0.70 0.72 0.03 0.26 0.04 -0.01 0.03 0.22 0.15 0.06 -0.06 -0.37 0.01 0.87 0.89 0.05 0.24 0.03 0.06 0.08 0.25 0.18 0.09 -0.05 0.91 0.05 0.54 0.51 0.06 0.18 0.04 0.29 0.03 0.90 0.12 0.66 0.66 0.22 0.16 0.08 0.05 0.09 0.27 0.20 0.08 0.07 0.94 1.00 0.28 0.20 0.04 0.03 0.15 0.16 0.13 0.15 0.06 -0.13 0.12 0.86 0.85 0.22 0.18 0.06 0.05 0.06 0.16 0.13 0.08 0.06 0.26 0.14 1.04 1.07 0.20 0.19 0.05 0.12 0.15 0.24 0.13 0.04 0.09 -0.34 0.03 0.98 0.98 0.23 0.20 0.02 0.05 0.14 0.17 0.16 0.04 0.01 0.31 0.11 0.83 0.86 0.22 0.23 0.07 0.07 0.26 0.01 0.09 0.04 0.19 -0.02 0.93 0.88 0.33 0.15 0.03 0.04 0.06 0.16 0.11 0.07 0.03 -0.19 -0.05 0.94 0.97 0.30 0.25 0.05 0.05 0.09 0.07 0.32 0.06 0.78 0.12 1.07 1.03 0.25 0.27 0.05 0.07 0.16 0.08 0.15 0.23 0.03 -0.06 -0.60 0.01 0.78 0.61 0.38 -0.04 -0.03 0.01 0.14 0.04 0.12 23 -0.06 -0.02 0.01 -0.01 -0.02 -0.02 0.04 0.04 0.00 0.04 -0.06 0.01 -0.03 0.00 -0.03 0.04 -0.03 0.17 24 25 26 27 28 29 -0.14 -0.15 -0.04 -0.07 0.06 -0.06 -0.12 -0.11 -0.10 -0.03 -0.09 -0.03 0.17 0.18 0.16 0.07 0.05 -0.02 0.18 0.19 0.17 0.05 0.07 -0.02 -0.17 -0.15 -0.17 0.05 -0.21 -0.05 0.03 0.01 0.08 0.06 -0.03 -0.02 0.08 0.05 0.05 0.06 0.04 -0.03 0.30 0.23 0.17 0.06 0.05 0.01 0.19 0.19 0.17 0.05 0.04 -0.01 0.27 0.29 0.26 0.09 0.09 -0.05 0.15 0.15 0.14 0.08 0.04 -0.04 0.08 0.10 0.10 0.07 0.05 -0.03 0.18 0.22 0.24 0.03 0.11 0.01 0.21 0.22 0.18 0.05 0.02 -0.03 0.18 0.21 0.12 0.02 0.08 -0.01 0.21 0.20 0.09 0.03 0.08 -0.02 0.31 0.33 0.16 0.10 -0.02 -0.03 0.27 0.29 0.14 0.13 -0.02 -0.03 30 31 32 33 34 35 36 37 -0.04 -0.02 0.01 0.04 0.07 -0.03 -0.02 -0.01 -0.02 -0.01 0.01 -0.04 -0.03 0.02 -0.02 0.04 -0.02 -0.02 -0.03 0.01 -0.10 -0.07 -0.01 -0.03 0.03 -0.01 -0.01 0.02 -0.01 -0.02 0.05 -0.01 0.06 -0.01 -0.01 0.01 -0.01 0.03 0.02 0.02 -0.01 0.07 -0.03 0.02 0.05 0.02 -0.02 0.07 0.02 0.05 -0.02 -0.02 0.05 0.04 0.05 0.08 -0.03 -0.02 0.03 0.01 0.04 0.02 -0.01 -0.02 0.02 0.00 0.00 0.00 -0.01 -0.02 0.02 0.07 0.02 -0.02 -0.02 0.08 0.03 -0.02 -0.01 0.01 0.02 0.05 -0.02 -0.01 0.00 0.00 0.03 0.02 0.02 0.05 0.00 0.05 -0.01 -0.01 0.02 0.03 0.04 0.05 -0.01 0.06 38 39 40 41 42 0.00 -0.11 0.00 0.00 0.00 0.00 -0.01 -0.01 -0.01 0.02 -0.01 -0.01 0.01 0.02 0.00 0.00 0.00 0.01 -0.07 0.02 0.00 0.00 0.00 0.00 -0.02 0.01 -0.02 0.00 -0.02 43 44 45 46 47 48 49 50 51 52 53 -0.06 -0.02 -0.04 -0.04 -0.03 -0.08 0.04 0.55 0.22 0.13 0.11 0.01 0.09 0.07 0.02 0.33 0.33 0.01 0.56 0.22 0.15 0.12 0.02 0.07 0.06 0.01 0.34 0.28 0.06 0.18 0.11 0.06 1.00 0.46 0.30 0.29 0.01 0.15 0.13 0.02 0.54 0.51 0.03 0.63 0.24 0.13 0.11 0.02 0.11 0.09 0.03 0.38 0.34 0.04 54 -0.09 -0.05 -0.06 -0.04 -0.03 55 56 57 -0.15 0.06 -0.79 1.58 0.02 0.35 2.38 0.18 0.55 1.69 0.11 0.05 58 0.49 1.16 1.59 1.49 Percentage points at annual rates: Personal consumption expenditures Goods..................................................... Durable goods.................................... Motor vehicles and parts................. Furnishings and durable household equipment................................... Recreational goods and vehicles Other durable goods........................ Nondurable goods.............................. Food and beverages purchased for off-premises consumption........... Clothing and footwear...................... Gasoline and other energy goods.... Other nondurable goods.................. Services.................................................. Household consumption expenditures Housing and utilities........................ Health care...................................... Transportation services................... Recreation services......................... Food services and accommodations Financial services and insurance Other services................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs)...................... Gross private domestic investment Fixed investment...................................... Nonresidential..................................... Structures....................................... Equipment....................................... Information processing equipment Computers and peripheral equipment.......................... Other....................................... Industrial equipment.................... Transportation equipment............ Other equipment.......................... Intellectual property products.......... Software 1.................................... Research and development Entertainment, literary, and artistic originals................................... Residential.......................................... Change in private inventories.................. Farm.................................................... Nonfarm.............................................. Government consumption expenditures and gross investment............................ Federal................................................... National defense.................................. Consumption expenditures.............. Gross investment............................. Nondefense......................................... Consumption expenditures.............. Gross investment............................. State and local........................................ Consumption expenditures.............. Gross investment............................. Addenda: Final sales of computers to domestic purchasers 2....................................... Gross domestic purchases excluding final sales of computers to domestic purchasers........................................... Food 3..................................................... Energy goods and services..................... Gross domestic purchases excluding food and energy......................................... 0.00 0.02 0.02 0.00 0.00 0.00 0.02 0.00 -0.01 0.00 0.24 0.06 0.05 0.04 0.01 0.01 0.01 0.00 0.00 0.32 0.04 0.00 0.19 0.09 0.65 0.61 0.07 0.20 0.01 0.04 0.06 0.11 0.12 0.00 0.04 -0.04 -0.01 -0.03 0.00 0.08 0.00 -0.02 0.03 0.03 -0.03 -0.01 -0.02 0.09 0.06 0.03 0.28 0.25 0.03 0.58 0.19 0.12 0.08 0.04 0.07 0.05 0.02 0.39 0.34 0.04 0.70 0.34 0.26 0.22 0.04 0.08 0.07 0.01 0.35 0.30 0.05 -0.03 -0.02 -0.03 1.82 0.08 0.24 1.02 0.06 -0.35 1.31 0.05 0.19 1.47 1.28 1.05 0.02 0.00 0.03 -0.01 0.03 0.42 0.13 0.05 0.04 0.00 1. Excludes software “embedded,” or bundled, in computers and other equipment. 2. Some components of final sales of computers include computer parts. 3. Food excludes personal consumption expenditures for purchased meals and beverages, which are classified in food services. 0.07 0.10 0.05 -0.01 0.05 0.07 -0.03 0.10 0.00 0.01 0.00 0.01 0.03 0.04 0.04 0.10 0.09 0.03 0.11 -0.01 0.11 -0.01 0.01 0.04 0.04 0.03 -0.03 0.05 0.01 0.03 -0.01 0.00 -0.01 0.01 0.09 -0.02 0.01 -0.03 0.00 0.11 0.02 0.03 -0.02 0.06 0.06 0.06 0.04 0.02 0.01 0.00 0.06 0.01 0.02 0.02 0.25 0.04 0.04 0.05 -0.01 0.00 0.00 0.00 0.01 -0.02 0.01 -0.02 -0.04 -0.01 -0.03 0.80 0.31 0.21 0.20 0.02 0.10 0.09 0.01 0.49 0.41 0.08 0.33 0.11 0.06 0.04 0.02 0.05 0.04 0.01 0.22 0.13 0.09 -0.10 -0.08 -0.09 -0.07 -0.02 0.55 0.12 0.12 0.10 0.02 0.00 0.00 0.00 -0.01 -0.10 0.09 0.00 0.00 0.00 -0.09 -0.06 -0.08 2.31 0.12 0.87 2.93 0.23 0.96 3.57 0.27 0.86 1.28 1.64 2.38 0.00 0.00 0.00 0.01 -0.02 0.00 0.00 0.00 -0.10 0.00 -0.14 0.00 0.00 -0.62 0.00 0.00 -0.02 0.01 -0.03 -0.01 0.00 0.00 0.00 0.07 0.03 0.05 0.02 0.03 0.03 0.01 0.00 0.00 0.17 -0.02 0.15 -0.02 -0.02 0.00 -0.03 0.00 0.03 0.07 0.04 0.03 0.02 0.03 0.02 -0.04 -0.07 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.43 0.37 0.06 -0.01 -0.07 0.06 0.05 0.01 0.03 0.21 0.19 0.02 0.17 0.18 0.13 0.12 0.01 0.05 0.04 0.01 -0.01 -0.04 0.03 -0.05 -0.03 -0.03 -0.02 -0.05 -0.04 -0.03 2.08 0.27 0.10 0.94 0.16 -0.19 2.29 0.07 0.16 1.02 0.04 -0.39 1.39 0.04 0.25 1.61 0.13 0.23 1.24 0.07 -0.16 0.36 0.01 -0.48 1.63 0.92 2.03 1.33 1.09 1.20 1.29 0.79 0.00 -0.01 0.00 September 2013 S urvey of 75 C u r r e n t B u s in e s s Table 1.7.1. Percent Change from Preceding Period in Real Gross Domestic Product, Real Gross National Product, and Real Net National Product [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product............... Plus: Income receipts from the rest of the world.................................. Less: Income payments to the rest of the world...................................... 1 -2.8 2 3 Equals: Gross national product. .. Less: Consumption of fixed capital... Private......................................... Government................................. General government................ Government enterprises.......... Equals: Net national product........ Addenda: Gross domestic income 1............ Gross national income 2.............. Net domestic product.................. Net domestic income 3................ Net domestic purchases.............. Gross national product, current dollars...................................... II 2.5 1.8 2.8 1.6 -24.8 0.5 8.8 0.3 -28.8 -27.0 -7.0 2.9 2.6 ^ 0 .0 4 5 6 7 8 9 -3.0 1.3 0.9 3.1 3.2 2.6 2.8 0.6 0.1 2.5 2.5 2.6 2.1 1.2 1.1 2.0 2.0 2.1 2.7 1.7 1.8 1.4 1.4 1.6 1.7 0.7 0.1 3.3 3.4 2.8 10 -3.7 3.2 2.3 2.8 11 12 13 14 15 -2.6 -2.8 -3.6 -3.4 -4.7 2.7 3.0 2.9 3.1 3.4 2.5 2.8 2.0 2.7 1.8 16 -2.2 4.1 4.2 2012 2011 III 3.9 IV I II 2.8 2.8 8.5 3.6 15.4 8.1 10.6 10.1 9.4 -11.2 3.9 1.0 0.6 2.9 3.0 2.6 2.6 1.1 0.8 2.6 2.6 2.4 3.2 1.2 0.9 2.2 2.2 2.2 -0.5 1.1 0.9 1.9 1.9 2.1 1.9 4.5 2.8 3.5 2.5 2.4 3.0 2.7 2.7 0.5 0.6 1.8 0.4 2.8 2.8 2.8 4.5 3.1 6.4 5.2 5.0 3.1 6.0 4.0 4.4 3.6 5.7 4.5 III 3.2 IV I 1.4 4.9 13.5 6.7 -5.8 21.0 -5.3 -8.2 3.1 1.3 1.2 1.8 1.8 1.9 1.9 1.5 1.4 1.6 1.6 1.8 4.8 1.6 1.7 1.5 1.5 1.8 -0.8 3.4 1.9 1.6 2.0 3.1 1.7 1.5 2.0 2.8 -1.7 2.2 -1.7 2.3 2.3 3.5 2.5 2.8 5.3 1.1 5.8 -1.3 2013 II 3.7 III I IV 1.2 2.8 0.5 -2.4 21.3 -10.4 3.0 1.8 1.9 1.4 1.4 1.5 5.4 2.2 2.7 1.3 2.3 1.2 4.4 II 0.1 1.1 2.5 -2.6 7.4 -8.9 0.8 4.7 4.4 1.0 -12.0 1.4 1.9 2.1 1.3 1.3 1.5 2.4 1.8 1.9 1.3 1.2 1.5 0.3 1.9 2.0 1.2 1.1 1.4 0.6 2.0 2.3 1.1 1.0 1.3 3.0 2.0 2.3 1.0 1.0 1.4 3.2 1.4 2.6 0.1 0.4 3.1 2.6 2.5 5.5 2.8 6.0 5.4 4.7 4.1 6.1 3.4 -0.6 -0.4 1.1 -1.1 0.9 0.9 0.6 3.0 0.7 2.9 4.9 5.0 -0.2 5.4 -0.9 2.4 1.9 1.0 2.5 1.3 2.5 2.9 2.6 2.5 2.5 5.3 5.0 3.2 4.6 1.8 2.3 3.7 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. 3. Net domestic income deflated by the implicit price deflator for net domestic product. Table 1.7.3. Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Gross domestic product............... Plus: Income receipts from the rest of the world................................. Less: Income payments to the rest of the world..................................... Equals: Gross national product ... Less: Consumption of fixed capital... Private........................................ Government.... General government................ Government enterprises.......... II 2012 2011 III IV I III II IV I II 2013 III 1 100.000 102.507 104.400 107.302 101.247 102.220 102.923 103.638 103.302 104.115 104.468 105.716 106.683 107.003 107.741 2 100.000 100.528 109.330 109.605 3 100.000 4 100.000 5 100.000 6 100.000 7 100.000 8 100.000 9 100.000 97.660 99.675 100.555 92.974 95.701 98.152 89.603 91.898 94.130 96.267 93.455 102.756 100.591 100.139 102.548 102.544 102.577 104.954 101.842 101.196 104.630 104.618 104.721 107.744 103.610 103.025 106.138 106.103 106.393 101.494 100.183 99.874 101.526 101.509 101.652 102.471 100.438 100.016 102.263 102.259 102.296 103.127 100.725 100.217 102.919 102.921 102.903 103.932 101.020 100.449 103.483 103.487 103.455 103.804 101.298 100.679 103.970 103.966 103.995 104.221 Equals: Net national product........ 10 100.000 103.173 105.552 108.537 101.748 102.864 103.589 104.491 Addenda: Net domestic product.................. Net domestic purchases.............. 11 100.000 102.880 104.898 108.019 12 100.000 103.374 105.197 108.081 IV I II 107.780 108.087 108.760 106.274 109.694 111.498 109.855 109.989 109.312 98.012 96.696 94.643 99.334 96.656 97.781 98.837 99.077 95.956 104.603 101.636 100.987 104.432 104.424 104.492 105.089 102.009 101.349 104.858 104.843 104.969 106.321 102.427 101.769 105.261 105.239 105.426 107.107 102.893 102.258 105.633 105.608 105.818 107.491 103.384 102.782 105.981 105.950 106.208 108.143 103.840 103.267 106.314 106.276 106.592 108.237 104.324 103.792 106.622 106.577 106.955 108.408 104.849 104.373 106.905 106.852 107.293 109.201 105.379 104.962 107.183 107.118 107.661 107.068 107.915 108.279 108.967 108.987 109.091 109.934 104.286 105.173 105.681 101.455 102.568 103.351 104.147 103.692 101.583 103.170 104.183 104.561 104.121 108.584 110.534 107.999 108.208 104.598 104.947 106.356 107.420 107.707 108.498 104.839 105.144 106.685 107.574 107.819 108.592 108.451 108.717 109.418 108.337 108.679 109.358 Table 1.7.4. Price Indexes for Gross Domestic Product, Gross National Product, and Net National Product [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Gross domestic product............... Plus: Income receipts from the rest of the world................................. Less: Income payments to the rest of the world..................................... II 2012 2011 III IV I II III 1 100.000 101.215 103.203 105.008 100.509 100.972 101.432 101.948 102.354 103.024 103.651 2 100.000 111.271 114.077 116.025 110.804 110.961 3 100.000 111.356 114.075 116.085 I II 103.782 104.296 104.751 112.943 113.944 114.585 114.837 115.548 115.750 110.828 111.059 111.445 112.093 112.979 100.627 101.081 101.538 102.056 102.472 99.878 99.840 99.872 100.277 100.784 99.815 99.636 99.591 99.964 100.444 100.152 100.722 101.075 101.617 102.239 100.193 100.751 101.049 101.577 102.224 99.851 100.507 101.274 101.916 102.344 2013 III IV I II 105.345 105.640 105.994 106.193 116.174 116.626 116.985 117.087 113.897 114.579 114.845 115.573 115.795 116.251 116.721 117.063 117.161 103.150 101.509 101.159 103.009 102.983 103.199 103.776 102.036 101.664 103.620 103.547 104.164 105.762 104.220 103.950 105.380 105.137 107.185 106.116 104.859 104.652 105.752 105.333 108.857 Equals: Gross national product . .. Less: Consumption of fixed capital... Private........................................ Government................................ General government................ Government enterprises.......... Equals: Net national product........ 10 100.000 101.586 103.641 Addenda: Net domestic product.................. Net domestic purchases.............. 11 100.000 101.458 103.498 105.277 100.632 101.192 101.735 102.273 102.659 103.318 103.964 104.051 104.567 104.998 105.626 105.916 106.216 106.336 12 100.000 101.821 104.296 105.969 101.254 101.556 101.935 102.540 103.296 104.218 104.731 104.939 105.538 105.739 106.088 106.512 106.770 106.759 4 5 6 7 8 9 111.327 111.990 IV 100.000 100.000 100.000 100.000 100.000 100.000 101.326 99.967 99.751 100.892 100.892 100.887 103.327 101.682 101.322 103.218 103.155 103.682 105.131 103.626 103.294 105.046 104.855 106.466 105.420 100.771 103.908 102.397 102.021 104.003 103.866 105.022 104.424 102.904 102.519 104.547 104.400 105.641 104.874 103.482 103.122 105.018 104.850 106.267 105.465 103.898 103.585 105.240 105.034 106.771 106.314 105.476 105.331 106.103 105.646 109.492 101.320 101.858 102.397 102.795 103.463 104.109 104.197 104.715 105.142 105.765 106.057 106.358 106.479 Domestic Product and Income 76 September 2013 Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product............... Plus: Income receipts from the rest of the world.................................. Less: Income payments to the rest of the world..................................... II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 14,417.9 14,958.3 15,533.8 16,244.6 14,672.5 14,879.2 15,049.8 15,231.7 15,242.9 15,461.9 15,611.8 15,818.7 16,041.6 16,160.4 16,356.0 16,420.3 16,535.3 16,667.9 2 643.7 720.0 802.8 818.6 696.5 711.9 720.5 751.2 772.5 804.5 822.3 812.0 818.0 814.4 812.0 829.8 813.3 3 496.5 514.1 542.1 565.7 493.0 506.7 520.8 535.7 524.2 554.2 550.1 539.7 570.0 555.7 564.4 572.8 575.9 815.6 558.2 4 14,565.1 15,164.2 15,794.6 16,497.4 14,875.9 15,084.3 15,249.5 15,447.2 15,491.2 15,712.1 15,884.0 16,091.0 16,289.6 16,419.2 16,603.7 16,677.3 16,772.7 16,925.2 5 2,368.4 2,381.6 2,452.6 2,542.9 2,369.8 2,374.9 2,382.5 2,399.1 2,417.9 2,443.4 2,465.1 2,483.9 2,507.6 2,533.7 2,555.1 2,575.0 2,603.8 2,632.4 6 1,925.7 1,923.5 1,974.4 2,049.3 1,919.7 1,918.9 1,921.9 1,933.6 1,947.3 1,967.1 1,984.1 1,999.3 2,018.7 2,041.0 2,059.8 2,077.6 2,103.3 2,128.9 7 1,522.4 1,523.0 1,571.6 1,639.4 1,517.4 1,519.4 1,522.7 1,532.7 1,545.8 1,564.7 1,580.9 1,594.9 1,613.9 1,633.7 1,648.4 1,661.4 1,680.6 1,699.0 Equals: Gross national product.... Less: Consumption of fixed capital... Private........................................ Domestic business.................. Capital consumption allowances....................... Less: Capital consumption adjustment....................... Households and institutions.... Government................................. General government................ Government enterprises.......... 8 1,558.6 1,599.9 1,837.2 1,595.0 1,533.8 1,531.8 1,598.9 1,735.3 1,801.5 1,829.3 1,851.2 1,867.0 1,577.3 1,588.3 1,600.2 1,614.1 1,650.6 1,666.2 9 10 11 12 13 36.2 403.3 442.7 390.3 52.5 76.9 400.5 458.1 403.8 54.3 265.7 402.9 478.1 421.2 57.0 -44.4 409.9 493.6 434.2 59.4 16.4 402.3 450.2 396.9 53.3 12.4 399.5 456.0 402.1 53.9 76.2 399.3 460.5 405.8 54.7 202.6 400.9 465.5 410.2 55.3 255.7 401.5 470.6 414.7 55.8 264.6 402.5 476.2 419.7 56.6 270.4 403.2 481.0 423.7 57.4 272.1 404.4 484.7 426.6 58.1 -36.6 404.8 488.9 430.3 58.7 -45.5 407.2 492.7 433.5 59.2 -48.2 411.4 495.3 435.6 59.7 -47.3 416.2 497.4 437.3 60.2 -30.0 422.7 500.5 439.2 61.3 -32.8 429.9 503.5 441.6 61.9 Equals: Net national product........ 14 12,196.7 12,782.6 13,342.0 13,954.6 12,506.1 12,709.4 12,867.0 13,048.1 13,073.4 13,268.8 13,419.0 13,607.1 13,782.0 13,885.5 14,048.5 14,102.3 14,168.9 14,292.9 Less: Statistical discrepancy....... 15 Equals: National income............... Less: Corporate profits with inventory valuation and capital consumption adjustments........ Taxes on production and imports less subsidies.......................... Contributions for government social insurance, domestic...... Net interest and miscellaneous payments on assets................. Business current transfer payments (net)......................... Current surplus of government enterprises.............................. Plus: Personal income receipts on assets.......................................... Plus: Personal current transfer receipts........................................ 85.4 -0.7 42.7 -83.3 -51.7 -83.0 3.4 -63.0 10.1 86.4 -101.7 -155.6 -154.8 72.2 43.1 -53.7 -17.0 45.1 16 12,124.5 12,739.5 13,395.7 13,971.6 12,461.0 12,624.0 12,867.8 13,005.4 13,156.7 13,320.4 13,502.0 13,603.6 13,845.0 13,875.3 13,962.1 14,204.0 14,324.5 14,447.6 17 1,392.6 1,740.6 1,877.7 2,009.5 1,655.2 1,660.8 1,807.0 1,839.2 1,755.0 1,868.7 1,893.8 1,993.4 1,979.9 1,998.4 2,012.3 2,047.2 2,020.6 2,098.9 18 967.8 1,001.2 1,037.2 1,065.6 987.3 998.7 1,006.9 1,012.1 1,026.5 1,040.0 1,035.4 1,046.9 1,066.6 1,064.6 1,062.8 1,068.6 1,082.7 1,080.4 924.7 19 964.4 984.1 918.2 950.7 972.0 984.0 988.4 992.0 912.6 916.4 919.1 942.5 945.1 947.4 967.9 1,093.7 1,100.2 20 563.1 489.4 456.9 439.6 508.0 485.8 482.2 481.6 473.8 436.7 459.7 457.5 453.9 419.0 455.3 430.3 477.0 449.0 21 127.2 128.5 129.6 106.9 129.3 126.5 131.1 127.0 142.6 125.6 128.3 121.8 115.7 110.0 102.6 99.5 121.9 125.7 22 -20.6 -22.9 -23.8 -27.7 -21.2 -22.6 -23.5 -24.3 -23.8 -23.1 -23.7 -24.4 -24.5 -26.1 -28.5 -31.8 -35.5 -38.9 1,739.6 1,884.6 1,958.5 1,710.7 1,722.8 1,738.0 1,787.0 1,850.4 1,883.4 1,899.3 1,905.4 1,909.1 1,935.3 1,926.9 2,062.8 1,935.8 1.998.6 23 1,811.8 24 2,140.2 Equals: Personal income.............. 2,276.9 2,306.9 2,358.3 2,253.3 2,260.9 2,288.4 2,305.1 2,309.6 2,309.0 2,300.5 2,308.5 2,328.5 2,352.2 2,364.4 2,388.0 2,426.0 2,429.4 25 12,082.1 12,435.2 13,191.3 13,743.8 12,194.3 12,374.3 12,502.1 12,670.0 13,029.9 13,148.5 13,283.6 13,303.2 13,548.6 13,651.8 13,701.6 14,073.1 13,925.9 14,060.4 Addenda: Gross domestic income............... Gross national income................. Gross national factor income 1.... Net domestic product.................. Net domestic income................... Net national factor income 2........ Net domestic purchases.............. 26 27 28 29 30 31 32 14,345.7 14,492.9 13,418.5 12,049.6 11,977.3 11,050.2 12,441.8 14,915.2 15,121.1 14,014.3 12,576.7 12,533.6 11,632.7 13,095.1 15,587.5 15,848.3 14,705.2 13,081.3 13,134.9 12,252.7 13,650.0 16,261.6 16,514.5 15,369.6 13,701.7 13,718.8 12,826.8 14,248.9 14,627.4 14,830.9 13,735.4 12,302.7 12,257.6 11,365.5 12,797.7 14,793.7 14,998.9 13,896.3 12,504.2 12,418.8 11,521.3 13,033.9 15,050.5 15,250.2 14,135.7 12,667.3 12,668.0 11,753.3 13,211.0 15,189.0 15,404.5 14,289.8 12,832.6 12,789.9 11,890.7 13,337.9 15,326.2 15,574.6 14,429.3 12,825.0 12,908.4 12,011.4 13,379.7 15,513.6 15,763.8 14,621.3 13,018.5 13,070.2 12,178.0 13,590.7 15,694.9 15,967.1 14,827.1 13,146.8 13,229.8 12,362.0 13,700.4 15,815.3 16,087.6 14,943.3 13,334.8 13,331.3 12,459.3 13,929.2 16,104.6 16,352.6 15,194.7 13,534.0 13,596.9 12,687.1 14,124.8 16,150.3 16,409.0 15,260.6 13,626.7 13,616.6 12,726.9 14,184.6 16,269.6 16,517.2 15,380.4 13,800.9 13,714.5 12,825.3 14,325.3 16,522.0 16,779.1 15,642.8 13,845.3 13,947.0 13,067.8 14,361.1 16,690.9 16,928.3 15,759.2 13,931.5 14,087.1 13,155.4 14,454.6 16,822.7 17,080.0 15,912.9 14,035.5 14,190.3 13,280.5 14,541.6 1. Consists of compensation of employees, proprietors’ income with inventory valuation adjustment (IVA) and capital consumption adjustment (CCAdj), rental income of persons with CCAdj, corporate profits with IVA and CCAdj, net interest and miscellaneous payments, and consumption of fixed capital. 2. Consists of gross national factor income less consumption of fixed capital. September 2013 S urvey of 77 C u r r e n t B u s in e s s Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross National Product, and Real Net National Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 14,417.9 14,779.4 15,052.4 15,470.7 14,597.7 14,738.0 14,839.3 14,942.4 14,894.0 15,011.3 15,062.1 15,242.1 15,381.6 15,427.7 15,534.0 15,539.6 15,583.9 15,681.0 Gross domestic product............... Plus: Income receipts from the rest of the world.................................. Less: Income payments to the rest of the world..................................... Equals: Gross national product . .. Less: Consumption of fixed capital... Private......................................... Government................................. General government................ Government enterprises.......... 2 643.7 647.1 703.8 705.5 628.6 641.6 647.3 670.9 684.1 706.1 717.7 707.1 708.0 703.6 698.9 711.5 695.2 696.5 3 496.5 461.6 475.2 487.3 444.9 456.3 467.4 478.0 464.0 486.6 480.1 469.9 493.2 479.9 485.5 490.7 491.9 476.4 Equals: Net national product........ 4 14,565.1 14,966.5 15,286.7 15,693.1 14,782.7 14,925.1 15,020.5 15,137.8 15,119.2 15,235.6 15,306.4 15,485.7 15,600.2 15,656.2 15,751.1 15,764.8 15,789.7 15,905.2 5 2,368.4 2,382.4 2,412.0 2,453.9 2,372.7 2,378.7 2,385.5 2,392.5 2,399.1 2,407.1 2,416.0 2,425.9 2,436.9 2,448.5 2,459.3 2,470.8 2,483.2 2,495.8 6 1,925.7 1,928.3 1,948.7 1,983.9 1,923.2 1,926.0 1,929.8 1,934.3 1,938.7 1,944.7 1,951.6 1,959.7 1,969.1 1,979.2 1,988.6 1,998.7 2,009.9 2,021.2 7 442.7 452.7 464.2 467.7 473.3 474.5 454.0 463.2 469.9 449.5 455.7 458.2 460.3 462.4 466.0 469.2 470.7 472.0 414.1 409.2 410.7 417.0 418.0 8 390.3 400.2 396.1 399.1 401.7 403.9 405.7 412.1 413.5 414.7 415.9 408.3 407.5 56.3 56.5 9 52.5 53.8 55.0 55.8 53.3 53.7 54.0 54.3 54.6 54.8 55.1 55.3 55.5 55.7 55.9 56.1 10 12,196.7 12,583.7 12,873.9 13,238.0 12,410.0 12,546.0 12,634.5 12,744.5 12,719.5 12,827.7 12,889.6 13,058.8 13,162.1 13,206.5 13,290.5 13,292.9 13,305.5 13,408.4 Addenda: Gross domestic income ’ ............ Gross national income 2.............. Net domestic product.................. Net domestic income 3................ Net domestic purchases.............. 11 12 13 14 15 14,345.7 14,492.9 12,049.6 11,977.3 12,441.8 14,736.7 14,924.0 12,396.6 12,354.2 12,861.6 15,104.3 15,338.7 12,639.8 12,691.6 13,088.4 15,487.0 15,709.2 13,015.8 13,032.0 13,447.1 14,552.8 14,738.0 12,224.9 12,180.1 12,638.7 14,653.4 14,840.6 12,359.0 12,274.6 12,836.2 14,840.1 15,021.3 12,453.3 12,454.1 12,962.2 14,900.5 15,095.9 12,549.2 12,507.4 13,009.2 14,975.4 15,200.5 12,494.5 12,575.6 12,954.4 15,061.5 15,285.7 12,603.6 12,653.6 13,043.8 15,142.2 15,386.4 12,645.6 12,725.5 13,081.8 15,238.8 15,482.4 12,815.4 12,812.2 13,273.5 15,441.9 15,660.5 12,943.6 13,003.8 13,384.1 15,418.0 15,646.6 12,978.2 12,968.6 13,414.6 15,451.9 15,669.1 13,073.6 12,991.7 13,510.7 15,636.0 15,861.0 13,067.9 13,163.9 13,479.0 15,730.6 15,936.3 13,099.9 13,246.2 13,521.6 15,826.5 16,050.7 13,184.3 13,329.7 13,606.1 1. Gross domestic income deflated by the implicit price deflator for gross domestic product. 2. Gross national income deflated by the implicit price deflator for gross national product. 3. Net domestic income deflated by the implicit price deflator for net domestic product. N ote . Except as noted in footnotes 1,2 and 3, chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. Table 1.8.3. Command-Basis Real Gross Domestic Product and Gross National Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2010 2012 I Gross domestic product............... Less: Exports of goods and services Plus: Imports of goods and services Equals: Gross domestic purchases.................................. Plus: Exports of goods and services, command basis' ......................... Less: Imports of goods and services, command basis 1......................... Equals: Command-basis gross domestic p ro d u ct12.................. Plus: Income receipts from the rest of the world, command basis1,, Less: Income payments to the rest of the world, command basis 1 Equals: Command-basis gross national p roduct13.................... Addenda: Command-basis net domestic product4................................. Net domestic product.................. Command-basis net national product4.................................. Net national product.................... Percent change from preceding period (seasonally adjusted at annual rates): Real gross domestic product.... Command-basis gross domestic product................. Real gross national product..... Command-basis gross national product............................... II III IV I III II IV I II 2013 III I IV II 1 100.000 102.507 104.400 107.302 101.247 102.220 102.923 103.638 103.302 104.115 104.468 105.716 106.683 107.003 107.741 107.780 108.087 108.760 2 100.000 111.476 119.367 123.590 107.360 109.815 112.699 116.031 117.105 118.504 120.525 121.336 122.576 123.738 123.851 124.196 123.781 126.353 3 100.000 112.759 118.239 120.860 106.980 112.023 115.880 116.152 116.966 117.166 118.563 120.263 120.475 121.207 121.358 120.398 120.584 122.632 4 100.000 102.933 104.666 107.374 101.359 102.736 103.635 104.000 103.672 104.331 104.647 106.012 106.835 107.118 107.841 107.702 108.073 108.728 b 100.000 114.646 127.705 131.297 109.152 112.664 115.615 121.153 124.548 127.494 129.767 129.045 130.560 131.677 131.335 131.697 131.333 132.883 6 100.000 117.734 130.064 131.461 127.115 130.095 130.880 132.216 133.095 132.338 7 100.000 102.186 103.711 112.290 116.776 106.695 100.723 101.891 119.757 122.140 102.730 103.388 102.743 103.324 103.811 8 100.000 110.174 120.058 120.425 107.102 109.203 110.180 114.231 9 100.000 101.974 105.090 107.898 98.277 100.754 103.229 105.592 10 100.000 102.546 104.387 107.261 116.651 104.953 105.839 106.361 130.370 130.155 130.136 130.554 107.283 107.291 107.721 108.496 120.426 122.489 120.684 120.908 120.082 119.315 121.462 118.688 118.924 102.602 107.549 106.216 103.973 109.207 106.206 107.498 108.681 108.938 105.509 101.088 102.252 103.042 103.792 103.363 103.936 104.554 105.682 106.390 106.973 107.807 107.870 108.164 109.058 11 100.000 102.507 104.091 107.306 100.837 102.184 103.132 103.861 103.041 103.669 104.178 105.458 106.426 106.952 107.963 107.879 108.289 109.108 12 100.000 102.880 104.898 108.019 101.455 102.568 103.351 104.147 103.692 104.598 104.947 106.356 107.420 107.707 108.498 108.451 108.717 109.418 13 100.000 102.929 104.884 107.967 101.268 102.608 103.495 104.332 103.769 104.388 105.053 106.315 107.069 14 100.000 103.173 105.552 108.537 101.748 102.864 103.589 104.491 104.286 105.173 105.681 107.068 107.915 107.668 108.575 108.557 108.806 109.769 108.279 108.967 108.987 109.091 109.934 15 -2.8 2.5 1.8 2.8 1.6 3.9 2.8 2.8 -1.3 3.2 1.4 4.9 3.7 1.2 2.8 0.1 1.1 2.5 16 17 -1.8 -3.0 2.2 2.8 1.5 2.1 2.9 2.7 1.2 1.7 4.7 3.9 3.3 2.6 2.6 3.2 -2.5 -0.5 2.3 3.1 1.9 1.9 4.5 4.8 3.4 3.0 2.0 1.4 3.5 2.4 0.0 0.3 1.6 0.6 2.9 3.0 18 -2.0 2.5 1.8 2.8 1.8 4.7 3.1 2.9 -1.6 2.2 2.4 4.4 2.7 2.2 3.2 0.2 1.1 3.3 1. Deflator is the gross domestic purchases price index. 2. This measure is called “real gross domestic income” in the System of National Accounts, 2008. 3. This measure is called “real gross national income" in the System of National Accounts, 2008. 4. Deflator is the net domestic purchases price index. 2012 2011 78 Domestic Product and Income September 2013 Table 1.8.6. Command-Basis Real Gross Domestic Product and Gross National Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic product........ Less: Exports of goods and services............................... Plus: Imports of goods and services............................... Equals: Gross domestic purchases............................ Plus: Exports of goods and services, command basis 1... Less: Imports of goods and services, command basis 1... Equals: Command-basis gross domestic product '•2 Plus: Income receipts from the rest of the world, command basis1.................................. Less: Income payments to the rest of the world, command basis 1.................................. Equals: Command-basis gross national product '■3 Addenda: Command-basis net domestic product4........................... Net domestic product........... Command-basis net national product4........................... Net national product............. Trade indexes (seasonally adjusted): Trading gains index 5........ Terms of trade index 6...... Terms of trade, goods 7 Terms of trade, nonpetroleum goods 8 II 2011 III IV II 2012 III IV I II 2013 III IV I II 1 14,417.9 14,779.4 15,052.4 15,470.7 14,597.7 14,738.0 14,839.3 14,942.4 14,894.0 15,011.3 15,062.1 15,242.1 15,381.6 15,427.7 15,534.0 15,539.6 15,583.9 15,681.0 2 1,583.8 1,765.6 1,890.5 1,957.4 1,700.4 1,739.3 1,784.9 1,837.7 1,854.7 1,876.9 1,908.9 1,921.7 1,941.4 1,959.8 1,961.6 1,967.0 1,960.5 2,001.2 3 1,976.0 2,228.1 2,336.4 2,388.2 2,113.9 2,213.6 2,289.8 2,295.2 2,311.3 2,315.2 2,342.8 2,376.4 2,380.6 2,395.1 2,398.0 2,379.1 2,382.7 2,423.2 4 14,810.1 15,244.5 15,501.1 15,902.3 15,011.5 15,215.4 15,348.5 15,402.5 15,354.0 15,451.6 15,498.4 15,700.5 15,822.4 15,864.4 15,971.4 15,950.8 16,005.8 16,102.8 5 1,583.8 1,815.8 2,022.6 2,079.5 1,728.5 1,784.1 1,830.8 1,918.5 1,972.3 2,018.9 2,054.9 2,043.5 2,067.5 2,085.2 2,079.8 2,085.5 2,079.7 2,104.3 6 1,976.0 2,326.4 2,570.1 2,597.7 2,218.5 2,307.1 2,366.0 2,413.0 2,511.3 2,570.2 2,585.7 2,612.1 2,629.5 2,614.5 2,575.6 2,571.4 2,571.0 2,579.3 7 14,417.9 14,733.1 14,953.0 15,383.2 14,522.0 14,690.4 14,811.4 14,906.3 14,813.3 14,897.1 14,967.2 15,132.0 15,259.7 15,335.0 15,467.9 15,469.0 15,531.0 15,642.7 8 643.7 709.2 772.8 775.2 689.3 702.8 709.1 735.2 750.8 775.1 788.3 776.7 778.2 772.9 767.9 781.7 763.9 765.4 9 496.5 506.3 521.8 535.7 488.0 500.3 512.5 524.3 509.4 534.0 527.4 516.2 542.2 527.3 533.7 539.6 540.9 523.9 10 14,565.1 14,936.0 15,204.1 15,622.7 14,723.4 14,893.0 15,008.0 15,117.2 15,054.7 15,138.1 15,228.2 15,392.4 15,495.7 15,580.5 15,702.1 15,711.1 15,754.0 15,884.3 11 12,049.6 12,351.7 12,542.5 12,929.9 12,150.3 12,312.6 12,426.8 12,514.7 12,415.9 12,491.6 12,552.9 12,707.2 12,823.7 12,887.1 13,008.9 12,998.9 13,048.2 13,146.9 12 12,049.6 12,396.6 12,639.8 13,015.8 12,224.9 12,359.0 12,453.3 12,549.2 12,494.5 12,603.6 12,645.6 12,815.4 12,943.6 12,978.2 13,073.6 13,067.9 13,099.9 13,184.3 13 12,196.7 12,554.0 12,792.5 13,168.5 12,351.2 12,514.6 12,622.8 12,724.9 12,656.3 12,731.7 12,812.8 12,966.7 13,058.7 13,131.8 13,242.3 13,240.2 13,270.6 13,388.0 14 12,196.7 12,583.7 12,873.9 13,238.0 12,410.0 12,546.0 12,634.5 12,744.5 12,719.5 12,827.7 12,889.6 13,058.8 13,162.1 13,206.5 13,290.5 13,292.9 13,305.5 13,408.4 15 16 17 100.000 100.000 100.000 99.692 98.498 98.400 99.344 97.259 97.275 99.440 97.669 97.135 99.479 96.886 96.332 99.691 98.459 98.199 99.826 99.310 99.284 99.770 99.333 99.781 99.470 97.883 98.153 99.260 96.899 97.053 99.372 97.534 97.573 99.276 96.736 96.350 99.213 96.415 95.806 99.400 97.470 96.873 99.625 98.718 98.350 99.520 98.098 97.546 99.556 98.320 97.672 99.662 98.794 98.045 18 100.000 102.859 106.753 107.032 101.291 102.321 102.813 104.989 106.324 107.212 107.237 106.232 106.901 106.810 107.275 107.144 107.312 106.600 1. Uses gross domestic purchases price index as deflator. 2. This measure is called “real gross domestic income” in the System of National Accounts, 2008. 3. This measure is called “real gross national income” in the System of National Accounts, 2008. 4. Uses net domestic purchases price index as deflator. 5. Ratio (multiplied by 100) of price index for gross domestic product to the price index for gross domestic purchases. 6. Ratio (multiplied by 100) of the price index for exports of goods and services to the price index for imports of goods and services. 7. Ratio (multiplied by 100) of the price index for goods exports to the price index for goods imports. 8. Ratio (multiplied by 100) of the price index for goods exports to the price index for nonpetroleum goods imports. I September 2013 S urvey of 79 C u r r e n t B u s in e s s Table 1.9.3. Real Net Value Added by Sector, Quantity Indexes [Index numbers, 2009=100] Line Net domestic product............................................................................................................... 2009 2010 2011 2012 1 100.000 102.880 104.898 108.019 Business 1............................ Nonfarm 2.......................... Farm.................................. 2 3 4 100.000 100.000 100.000 103.643 103.666 101.063 106.319 106.476 93.181 110.450 110.700 91.032 Households and institutions............................................................................................................ Households.................................. Nonprofit institutions serving households3 5 6 7 100.000 100.000 100.000 101.104 100.979 101.249 102.258 101.660 102.951 102.865 101.377 104.592 General governm ent4..................... Federal......................................... State and local................................................................................................................................ 8 9 10 100.000 100.000 100.000 100.133 103.650 98.973 99.135 103.824 97.585 98.748 102.776 97.418 1. Equals net domestic product excluding net value added of households and institutions and of general government. 2. Equals net domestic business value added excluding net farm value added. 3. Equals gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households. 4. Equals compensation of general government employees. Table 1.9.4. Price Indexes for Net Value Added by Sector [Index numbers, 2009=100] Line 2010 2009 2011 2012 Net domestic product............................................................................................................... 1 100.000 101.458 103.498 105.277 Business 1 Nonfarm 2........................................................................................................................................ Farm 4 2 3 100.000 100.000 100.000 101.366 101.178 123.903 103.541 102.910 182.883 105.348 104.701 186.626 Households and institutions............................................................................................................ Households..................................................................................................................................... Nonprofit institutions serving households3...................................................................................... 5 6 7 100.000 100.000 100.000 100.002 99.777 100.264 101.592 101.487 101.716 103.985 103.842 104.151 General governm ent4....................................................................................................................... Federal............................................................................................................................................ State and local................................................................................................................................ 8 9 10 100.000 100.000 100.000 103.474 103.998 103.297 105.119 106.001 104.818 106.086 106.521 105.941 1. Equals net domestic product excluding net value added of households and institutions and of general government. 2. Equals net domestic business value added excluding net farm value added. 3. Equals gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households. 4. Equals compensation of general government employees. Table 1.9.5. Net Value Added by Sector [Billions of dollars] Line 2010 2009 2012 2011 Net domestic product............................................................................................................... 1 12,049.6 12,576.7 13,081.3 13,701.7 Business' .......................................................................................................................................... Nonfarm 2........................................................................................................................................ Farm................................................................................................................................................ 2 3 4 9,021.8 8,946.2 75.6 9,477.5 9,382.8 94.7 9,931.0 9,802.1 128.9 10,496.6 10,368.6 128.0 Households and institutions..................... Households............................................. Nonprofit institutions serving households 3 5 6 7 1,510.3 812.7 697.6 1,527.1 818.8 708.2 1,569.0 838.5 730.6 1,615.5 855.6 760.0 8 9 10 1,517.4 375.5 1,141.9 1,572.2 404.8 1,167.4 1,581.2 413.2 1,168.0 1,589.6 411.1 1,178.5 General government4............................... Federal............................................................................................................................................ State and local................................................................................................................................ 1. Equals net domestic product excluding net value added of households and institutions and of general government. 2. Equals net domestic business value added excluding net farm value added. 3. Equals gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households. 4. Equals compensation of general government employees. Table 1.9.6. Real Net Value Added by Sector, Chained Dollars [Billions of chained (2009) dollars] Line Net domestic product............................................................................................................... 2009 2010 2011 2012 1 12,049.6 12,396.6 12,639.8 13,015.8 2 3 9,021.8 8,946.2 75.6 9,350.5 9,274.2 76.4 9,592.0 9,525.6 70.5 9,964.7 9,903.5 68.8 Households and institutions............................................................................................................ Households..................................................................................................................................... Nonprofit institutions serving households 3...................................................................................... 5 6 7 1,510.3 812.7 697.6 1,527.0 820.7 706.4 1,544.4 826.2 718.2 1,553.6 823.9 729.7 General government4....................................................................................................................... Federal............................................................................................................................................ State and local................................................................................................................................ Residual.............................................................................................................................................. 8 9 10 11 1,517.4 375.5 1,141.9 0.1 1,519.4 389.2 1,130.1 -0.4 1,504.2 389.8 1,114.3 -4.8 1,498.4 385.9 1,112.4 -8.4 Business1................ Nonfarm 2.............. Farm...................... 4 1. Equals net domestic product excluding net value added of households and institutions and of general government. Equals net domestic business value added excluding net farm value added. 3. Equals gross value added of nonprofit institutions excluding consumption of fixed capital on fixed assets owned and used by nonprofit institutions serving households. 4. Equals compensation of general government employees. N ote . Chained (2 0 0 9 ) dollar series are calculated as the product of the chain-type quantity index and the 2 0 0 9 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. 2. Domestic Product and Income 80 September 2013 Table 1.10. Gross Domestic Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Gross domestic Income.... Compensation of employees, paid........................................ Wages and salaries................. To persons....................... To the rest of the world.... Supplements to wages and salaries................................ II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 14,345.7 14,915.2 15,587.5 16,261.6 14,627.4 14,793.7 15,050.5 15,189.0 15,326.2 15,513.6 15,694.9 15,815.3 16,104.6 16,150.3 16,269.6 16,522.0 16,690.9 16,822.7 2 3 4 5 7,795.7 6,260.1 6,246.8 13.3 7,975.3 6,385.6 6,371.6 14.0 8,286.6 6,646.8 6,632.6 14.2 8,620.0 6,935.1 6,920.5 14.6 7,811.8 6,247.0 6,233.7 13.4 7,960.8 6,373.6 6,359.6 14.0 8,035.0 6,434.8 6,420.4 14.4 8,093.9 6,486.8 6,472.7 14.1 8,215.0 6,585.2 6,571.5 13.7 8,264.3 6,629.0 6,614.9 14.1 8,351.6 6,706.3 6,691.9 14.5 8,315.3 6,666.7 6,652.1 14.5 8,522.3 6,850.3 6,836.1 14.1 8,562.6 6,882.3 6,867.3 15.0 8,599.5 6,913.2 6,898.4 14.8 8,795.5 7,094.6 7.080.0 14.6 8,756.1 7,048.2 7,033.8 14.4 8,819.6 7,103.3 7,088.8 14.5 6 1,535.6 1,589.8 1,639.8 1,684.9 1,564.7 1,587.2 1,600.1 1,607.1 1,629.9 1,635.4 1,645.3 1,648.7 1,672.1 1,680.3 1,686.2 1,700.9 1,707.9 1,716.3 Taxes on production and im ports................................... 7 1,026.1 1,057.1 1,097.1 1,122.9 1,042.2 1,054.2 1,063.1 1,069.0 1,085.2 1,099.9 1,095.9 1,107.5 1,124.4 1,122.2 1,118.8 1,126.3 1,140.7 1,139.2 Less: Subsidies......................... 8 58.3 55.9 60.0 57.3 54.9 55.5 56.2 56.9 58.7 59.9 60.5 60.6 57.8 57.6 56.0 57.7 58.0 58.8 Net operating surplu s............... Private enterprises.................. Net interest and miscellaneous payments, domestic industries.......... Business current transfer payments (net)................. Proprietors’ income with inventory valuation and capital consumption adjustments..................... Rental income of persons with capital consumption adjustment....................... Corporate profits with inventory valuation and capital consumption adjustments, domestic industries......................... Taxes on corporate income......................... Profits after tax with inventory valuation and capital consumption adjustments................. Net dividends............... Undistributed corporate profits with inventory valuation and capital consumption adjustments............. Current surplus of government enterprises.......................... 9 10 3,213.9 3,234.5 3,557.0 3,579.9 3,811.2 3,834.9 4,033.2 4,060.9 3,458.5 3,479.7 3,459.3 3,481.9 3,626.2 3,649.7 3,683.9 3,708.3 3,666.8 3,690.7 3,765.9 3,789.0 3,842.8 3,866.5 3,969.1 3,993.5 4,008.1 4,032.5 3,989.4 4,015.5 4,052.2 4,080.7 4,083.0 4,114.8 4,248.2 4,283.7 4,290.3 4,329.3 11 760.9 670.6 624.6 597.4 694.6 667.1 658.7 661.9 645.7 605.9 629.9 617.0 613.6 580.8 611.7 583.3 630.3 595.9 12 127.2 128.5 129.6 106.9 129.3 126.5 131.1 127.0 142.6 125.6 128.3 121.8 115.7 110.0 102.6 99.5 121.9 125.7 13 973.0 1,032.7 1,155.1 1,224.9 1,017.6 1,024.7 1,029.2 1,059.3 1,116.5 1,140.7 1,175.3 1,188.0 1,214.4 1,217.8 1,220.0 1,247.5 1,334.6 1,333.3 14 333.7 402.8 484.4 541.2 380.5 397.3 408.3 425.0 458.5 475.5 489.9 513.5 524.8 537.8 546.7 555.4 574.9 587.7 15 1,039.8 1,345.4 1,441.2 1,590.5 1,257.7 1,266.4 1,422.4 1,435.1 1,327.2 1,441.3 1,443.0 1,553.2 1,564.0 1,569.1 1,599.8 1,629.1 1,622.1 1,686.8 16 269.4 370.6 374.2 434.8 344.8 351.7 387.5 398.3 393.0 384.3 351.0 368.6 437.2 429.7 439.1 433.2 408.2 418.7 17 18 770.3 456.9 974.8 442.5 1,067.0 545.1 1,155.7 613.6 912.9 418.9 914.7 410.9 1,034.9 462.8 1,036.8 477.6 934.2 510.9 1,057.0 543.1 1,092.0 573.7 1,184.6 553.0 1,126.8 569.1 1,139.4 572.5 1,160.7 577.3 1,196.0 735.3 1,213.8 616.6 1,268.1 858.6 19 313.5 532.3 521.8 542.2 494.0 503.8 572.1 559.2 423.3 514.0 518.3 631.6 557.8 566.9 583.4 460.7 597.3 409.5 20 -20.6 -22.9 -23.8 -27.7 -21.2 -22.6 -23.5 -24.3 -23.8 -23.1 -23.7 -24.4 -24.5 -26.1 -28.5 -31.8 -35.5 -38.9 Consumption of fixed capital.... Private.................................... Government............................. 21 22 23 2,368.4 1,925.7 442.7 2,381.6 1,923.5 458.1 2,452.6 1,974.4 478.1 2,542.9 2,049.3 493.6 2,369.8 1,919.7 450.2 2,374.9 1,918.9 456.0 2,382.5 1,921.9 460.5 2,399.1 1,933.6 465.5 2,417.9 1,947.3 470.6 2,443.4 1,967.1 476.2 2,465.1 1,984.1 481.0 2,483.9 1,999.3 484.7 2,507.6 2,018.7 488.9 2,533.7 2,041.0 492.7 2,555.1 2,059.8 495.3 2,575.0 2,077.6 497.4 2,603.8 2,103.3 500.5 2,632.4 2,128.9 503.5 Addendum: Statistical discrepancy............. 24 72.2 43.1 -53.7 -17.0 45.1 85.4 -0.7 42.7 -83.3 -51.7 -83.0 3.4 -63.0 10.1 86.4 -101.7 -155.6 -154.8 Table 1.11. Percentage Shares of Gross Domestic Income [Percent] Line 2009 2010 2011 2012 Gross domestic income............................................................................................................. 1 100.0 100.0 Compensation of employees, paid Wages and salaries........... To persons................. To the rest of the world............................................................................................................. Supplements to wages and salaries................................................................................................. 54.3 43.6 43.5 0.1 10.7 53.5 42.8 42.7 0.1 10.7 Taxes on production and im ports..................................................................................................... 2 3 4 5 6 7 100.0 53.2 42.6 42.6 0.1 10.5 7.2 7.1 7.0 6.9 Less: Subsidies........ 8 0.4 0.4 0.4 0.4 9 10 11 12 13 14 22.4 22.5 5.3 0.9 6.8 2.3 23.8 24.0 4.5 0.9 6.9 2.7 24.5 24.6 4.0 0.8 7.4 3.1 24.8 25.0 3.7 0.7 7.5 3.3 100.0 53.0 42.6 42.6 0.1 10.4 Net operating surplus Private enterprises. Net interest and miscellaneous payments, domestic industries................................................... Business current transfer payments (net)..................................................................................... Proprietors’ income with inventory valuation and capital consumption adjustments..................... Rental income of persons with capital consumption adjustment.................................................. Corporate profits with inventory valuation and capital consumption adjustments, domestic industries................................................................................................................................. Taxes on corporate income...................................................................................................... Profits after tax with inventory valuation and capital consumption adjustments........................ Net dividends........................................................................................................................ Undistributed corporate profits with inventory valuation and capital consumption adjustments..................................................................................................................... Current surplus of government enterprises...................................................................................... 15 16 17 18 7.2 1.9 5.4 3.2 9.0 2.5 6.5 3.0 9.2 2.4 6.8 3.5 9.8 2.7 7.1 3.8 19 20 2.2 -0.1 3.6 -0.2 3.3 -0.2 3.3 -0.2 Consumption of fixed capital......... Private.......................................... Government..................................................................................................................................... 21 22 23 16.5 13.4 3.1 16.0 12.9 3.1 15.7 12.7 3.1 15.6 12.6 3.0 September 2013 S urvey 81 C u r r e n t B u s in e s s of Table 1.12. National Income by Type of Income [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 National income................. Compensation of employees.... Wages and salaries................. Government......................... Other.................................. Supplements to wages and salaries................................ Employer contributions for employee pension and insurance funds ' ............ Employer contributions for government social insurance......................... 2011 2010 I II III IV I 2012 III II IV I 2013 III II IV I II 1 12,124.5 12,739.5 13,395.7 13,971.6 12,461.0 12,624.0 12,867.8 13,005.4 13,156.7 13,320.4 13,502.0 13,603.6 13,845.0 13,875.3 13,962.1 14,204.0 14,324.5 14,447.6 2 7,787.8 7,967.3 8,278.5 8,611.6 7,804.3 7,952.7 8,026.5 8,085.7 8,207.4 8,256.3 8,343.3 8,306.9 8,514.3 8,553.8 8,591.0 8,787.4 8,748.3 8,811.7 3 6,252.2 6,377.5 6,638.7 6,926.8 6,239.6 6,365.5 6,426.4 6,478.6 6,577.6 6,621.0 6,698.0 6,658.2 6,842.2 6,873.5 6,904.7 7,086.6 7,040.4 7,095.4 4 1,175.1 1,191.1 1,194.4 1,197.3 1,187.4 1,196.8 1,190.3 1,189.8 1,190.6 1,197.9 1,198.2 1,191.0 1,199.4 1,195.5 1,195.1 1,199.3 1,195.8 1,194.4 5 5,077.1 5,186.4 5,444.3 5,729.4 5,052.1 5,168.7 5,236.1 5,288.8 5,387.0 5,423.0 5,499.7 5,467.2 5,642.8 5,678.0 5,709.7 5,887.2 5,844.5 5,901.0 6 1,535.6 1,589.8 1,639.8 1,684.9 1,564.7 1,587.2 1,600.1 1,607.1 1,629.9 1,635.4 1,645.3 1,648.7 1,672.1 1,680.3 1,686.2 1,700.9 1,707.9 1,716.3 7 1,077.5 1,120.4 1,145.4 1,170.6 1,100.3 1,117.4 1,128.9 1,135.1 1,138.2 1,141.9 1,147.2 1,154.4 1,162.2 1,169.1 1,174.1 1,176.8 1,182.1 1,187.7 8 458.1 469.4 494.4 514.3 464.4 469.8 471.2 472.0 491.7 493.5 498.1 494.3 509.9 511.2 512.2 524.0 525.8 528.6 Proprietors’ income with IVA and CCAdj.............................. Farm....................................... Nonfarm................................... 9 10 11 973.0 35.5 937.5 1,032.7 46.0 986.7 1,155.1 72.6 1,082.6 1,224.9 75.4 1,149.6 1,017.6 39.2 978.5 1,024.7 43.2 981.5 1,029.2 48.4 980.8 1,059.3 53.2 1,006.0 1,116.5 71.7 1,044.9 1,140.7 67.5 1,073.2 1,175.3 74.1 1,101.2 1,188.0 76.9 1,111.1 1,214.4 74.6 1,139.7 1,217.8 77.0 1,140.8 1,220.0 75.3 1,144.7 1,247.5 74.5 1,173.0 1,334.6 137.0 1,197.6 1,333.3 119.7 1,213.6 Rental income of persons with CCAdj.................................... 12 333.7 402.8 484.4 541.2 380.5 397.3 408.3 425.0 458.5 475.5 489.9 513.5 524.8 537.8 546.7 555.4 574.9 587.7 13 14 1,392.6 269.4 1,740.6 370.6 1,877.7 374.2 2,009.5 434.8 1,655.2 344.8 1,660.8 351.7 1,807.0 387.5 1,839.2 398.3 1,755.0 393.0 1,868.7 384.3 1,893.8 351.0 1,993.4 368.6 1,979.9 437.2 1,998.4 429.7 2,012.3 439.1 2,047.2 433.2 2,020.6 408.2 2,098.9 418.7 15 16 1,123.1 568.7 1,370.0 563.9 1,503.5 701.6 1,574.7 770.3 1,310.4 521.8 1,309.2 542.8 1,419.6 576.0 1,440.9 615.2 1,362.0 668.3 1,484.4 692.9 1,542.8 717.5 1,624.8 727.6 1,542.7 727.4 1,568.7 739.6 1,573.2 746.7 1,614.0 867.6 1,612.3 763.8 1,680.2 1,037.6 17 554.4 806.0 801.9 804.3 788.6 766.4 843.5 825.7 693.7 791.4 825.3 897.3 815.3 829.1 826.5 746.4 848.5 642.6 Corporate profits with IVA and CCAdj..................................... Taxes on corporate income..... Profits after tax with IVA and CCAdj.................................. Net dividends....................... Undistributed profits with IVA and CCAdj....................... Net interest and miscellaneous payments................................ 18 563.1 489.4 456.9 439.6 508.0 485.8 482.2 481.6 473.8 436.7 459.7 457.5 453.9 419.0 455.3 430.3 477.0 449.0 Taxes on production and im ports................................... 19 1,026.1 1,057.1 1,097.1 1,122.9 1,042.2 1,054.2 1,063.1 1,069.0 1,085.2 1,099.9 1,095.9 1,107.5 1,124.4 1,122.2 1,118.8 1,126.3 1,140.7 1,139.2 Less: Subsidies......................... 20 58.3 55.9 60.0 57.3 54.9 55.5 56.2 56.9 58.7 59.9 60.5 60.6 57.8 57.6 56.0 57.7 58.0 58.8 Business current transfer payments (net)....................... To persons (net)....................... To government (net)................ To the rest of the world (net).... 21 22 23 24 127.2 38.7 90.7 -2.3 128.5 43.0 87.2 -1.7 129.6 46.7 90.1 -7.2 106.9 41.4 70.6 -5.1 129.3 40.6 85.4 3.4 126.5 41.9 84.5 0.2 131.1 43.3 89.2 -1.4 127.0 46.1 89.7 -8.9 142.6 46.8 92.3 3.6 125.6 47.3 90.2 -11.8 128.3 46.9 91.0 -9.7 121.8 45.7 86.9 -10.8 115.7 43.3 81.4 -9.0 110.0 41.7 75.1 -6.8 102.6 40.6 66.2 -4.2 99.5 40.1 59.7 -0.2 121.9 44.0 75.7 2.2 125.7 44.4 79.9 1.4 Current surplus of government enterprises............................. 25 -20.6 -22.9 -23.8 -27.7 -21.2 -22.6 -23.5 -24.3 -23.8 -23.1 -23.7 -24.4 -24.5 -26.1 -28.5 -31.8 -35.5 -38.9 26 1,898.6 2,089.1 2,146.7 2,177.1 2,049.6 2,096.2 2,124.3 2,086.1 1,995.1 2,131.3 2,174.7 2,285.8 2,183.8 2,197.8 2,209.1 2,117.9 2,258.6 2,064.0 848.5 1,400.4 642.6 1,415.7 Addenda for corporate cash flow: Net cash flow with IVA............. Undistributed profits with IVA and CCAdj....................... Consumption of fixed capital Less: Capital transfers paid (net)................................. Addenda: Proprietors’ income with IVA and CCAdj........................... Farm.................................... Proprietors’ income with IVA.............................. Capital consumption adjustment................... Nonfarm.............................. Proprietors’ income (without IVA and CCAdj) Inventory valuation adjustment................... Capital consumption adjustment................... Rental income of persons with CCAdj................................. Rental income of persons (without CCAdj)............... Capital consumption adjustment....................... Corporate profits with IVA and CCAdj................................. Corporate profits with IVA.... Profits before tax (without IVA and CCAdj)........... Taxes on corporate income..................... Profits after tax (without IVA and CCAdj)....... Net dividends.......... Undistributed profits (without IVA and CCAdj)................ Inventory valuation adjustment................... Capital consumption adjustment....................... 27 28 554.4 1,260.6 806.0 1,262.5 801.9 1,306.0 804.3 1,365.7 788.6 1,256.8 766.4 1,259.5 843.5 1,262.4 825.7 1,271.1 693.7 1,283.1 791.4 1,299.9 825.3 1,314.2 897.3 1,326.6 815.3 1,343.7 829.1 1,361.2 826.5 1,373.6 746.4 1,384.4 29 -83.6 -20.6 -38.8 -7.1 -4.2 -70.3 -18.4 10.7 -18.2 -40.0 -35.2 -61.9 -24.8 -7.5 -9.0 12.9 -9.6 -5.7 30 31 973.0 35.5 1,032.7 46.0 1,155.1 72.6 1,224.9 75.4 1,017.6 39.2 1,024.7 43.2 1,029.2 48.4 1,059.3 53.2 1,116.5 71.7 1,140.7 67.5 1,175.3 74.1 1,188.0 76.9 1,214.4 74.6 1,217.8 77.0 1,220.0 75.3 1,247.5 74.5 1,334.6 137.0 1,333.3 119.7 32 41.8 51.8 78.5 81.3 45.1 49.0 54.2 59.0 77.5 73.5 80.1 82.8 80.6 83.0 81.2 80.3 142.9 125.5 33 34 -6.4 937.5 -5.8 986.7 -5.9 1,082.6 -5.9 1,149.6 -6.0 978.5 -5.9 981.5 -5.8 980.8 -5.8 1,006.0 -5.9 1,044.9 -6.0 1,073.2 -6.0 1,101.2 -5.9 1,111.1 -6.0 1,139.7 -6.0 1,140.8 -5.9 1,144.7 -5.9 1,173.0 -5.8 1,197.6 -5.8 1,213.6 1,061.6 35 796.8 842.9 892.2 1,004.9 852.7 849.3 832.4 837.3 872.4 883.9 902.4 910.3 995.7 991.8 1,004.3 1,027.9 1,049.8 36 1.4 -6.3 -8.8 -1.6 -7.3 -1.4 -1.9 -14.4 -20.2 -8.8 -3.1 -3.1 -1.8 3.2 -5.7 -1.9 -2.5 2.5 37 139.3 150.1 199.2 146.2 133.1 133.6 150.3 183.1 192.7 198.1 201.9 203.9 145.9 145.7 146.1 147.0 150.3 149.5 38 333.7 402.8 484.4 541.2 380.5 397.3 408.3 425.0 458.5 475.5 489.9 513.5 524.8 537.8 546.7 555.4 574.9 587.7 348.3 416.8 498.3 555.3 394.8 411.2 422.2 439.0 472.5 489.5 503.8 527.4 538.6 551.7 560.9 569.9 589.9 603.1 39 40 -14.6 -14.1 -14.0 -14.1 -14.3 -14.0 -13.9 -14.0 -14.0 -14.0 -13.9 -13.9 -13.8 -13.9 -14.2 -14.6 -15.0 -15.4 41 42 1,392.6 1,474.8 1,740.6 1,793.8 1,877.7 1,791.3 2,009.5 2,180.0 1,655.2 1,751.6 1,660.8 1,762.2 1,807.0 1,861.5 1,839.2 1,800.0 1,755.0 1,672.2 1,868.7 1,782.3 1,893.8 1,805.4 1,993.4 1,905.4 1,979.9 2,142.5 1,998.4 2,169.8 2,012.3 2,186.6 2,047.2 2,221.1 2,020.6 2,180.0 2,098.9 2,260.0 43 1,468.2 1,834.8 1,847.4 2,190.0 1,791.7 1,782.8 1,879.5 1,885.2 1,792.3 1,850.4 1,833.1 1,913.6 2,162.1 2,160.0 2,208.5 2,229.5 2,193.1 2,249.0 44 269.4 370.6 374.2 434.8 344.8 351.7 387.5 398.3 393.0 384.3 351.0 368.6 437.2 429.7 439.1 433.2 408.2 418.7 45 46 1,198.7 568.7 1,464.3 563.9 1,473.1 701.6 1,755.2 770.3 1,446.9 521.8 1,431.2 542.8 1,492.1 576.0 1,486.9 615.2 1,399.2 668.3 1,466.1 692.9 1,482.1 717.5 1,545.1 727.6 1,724.9 727.4 1,730.3 739.6 1,769.4 746.7 1,796.4 867.6 1,784.8 763.8 1,830.4 1,037.6 792.8 47 630.0 900.3 771.6 984.9 925.1 888.4 916.0 871.7 731.0 773.2 764.6 817.5 997.5 990.7 1,022.7 928.7 1,021.0 48 6.7 -41.0 -56.0 -10.0 -40.1 -20.6 -18.1 -85.3 -120.1 -68.2 -27.7 -8.2 -19.5 9.8 -22.0 -8.4 -13.0 11.0 49 -82.2 -53.3 86.4 -170.5 -96.4 -101.4 -54.4 39.2 82.9 86.4 88.4 88.0 -162.7 -171.4 -174.2 -173.9 -159.5 -161.1 IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 82 Domestic Product and Income September 2013 Table 1.13. National Income by Sector, Legal Form of Organization, and Type of Income [Billions of dollars] Line 2009 2010 2011 2012 National income..................................................................................................................... 1 12,124.5 12,739.5 13,395.7 Domestic business............................................................................................................................ 2 8,949.6 9,434.4 9,984.6 13,971.6 10,513.7 Corporate business....................................................................................................................... Compensation of employees....................................................................................................... Wages and salaries................................................................................................................. Supplements to wages and salaries......................................................................................... Corporate profits with IVA and CCAdj........................................................................................... Net interest and miscellaneous payments.................................................................................... Taxes on production and imports less subsidies plus business current transfer payments........... 3 4 5 6 7 8 9 6,565.3 4,610.0 3,816.7 793.2 1,039.8 157.5 758.0 6,974.9 4,714.7 3,903.3 811.4 1,345.4 129.1 785.6 7,330.2 4,952.7 4,107.4 845.3 1,441.2 109.9 826.4 7,724.0 5,202.9 4,331.4 871.5 1,590.5 110.7 819.9 Noncorporate business................................................................................................................. Compensation of employees........... Wages and salaries..................... Supplements to wages and salaries Proprietors’ income with IVA and CCAdj Rental income of persons with CCAdj.......................................................................................... Net interest..................................... Taxes on production and imports less subsidies plus business current transfer payments........... Current surplus of government enterprises.................................................................................. 10 11 12 13 14 15 16 17 18 2,384.3 981.7 807.4 174.3 973.0 109.6 161.7 178.9 -20.6 2,459.5 993.2 818.4 174.8 1,032.7 126.7 142.2 187.5 -22.9 2,654.4 1,035.2 853.1 182.1 1,155.1 147.6 149.3 190.9 -23.8 2,789.7 1,079.9 891.2 188.6 1,224.9 163.5 152.5 196.6 -27.7 Sole proprietorships and partnerships Compensation of employees .... Wages and salaries................. Supplements to wages and salaries..................................................................................... Proprietors’ income with IVA and CCAd|.................................................................................. Farm .............................................................................................................................. Nonfarm. 25 Net interest 26 Taxes on production and imports less subsidies plus business current transfer payments....... 19 2,050.9 20 799.1 21 674.1 22 125.0 23 968.3 24 35.5 932.9 115.4 27 168.1 2,111.5 808.2 685.4 122.8 1,027.8 46.0 981.8 98.6 176.9 2,286.6 848.5 719.1 129.4 1,149.9 72.6 1,077.4 107.2 181.0 2,406.9 890.4 755.5 134.9 1,219.1 75.4 1,143.8 111.7 185.6 Other private business............................................................................................................... Compensation of employees .... Wages and salaries................. Supplements to wages and salaries Proprietors’ income with IVA and CCAdj.................................................................................. Rental income of persons with CCAdj Net interest................................. Taxes on production and imports less subsidies plus business current transfer payments....... 28 29 30 31 32 33 34 35 205.2 33.8 27.9 5.9 4.7 109.6 46.2 10.8 219.6 33.7 28.5 5.2 4.9 126.7 43.6 10.6 239.5 34.7 29.2 5.4 5.2 147.6 42.1 9.9 257.3 36.3 30.6 5.7 5.8 163.5 40.7 11.0 Government enterprises........................................................................................................... Compensation of employees .... Wages and salaries................. Supplements to wages and salaries Current surplus of government enterprises 36 37 38 39 40 128.2 148.8 105.4 43.4 -20.6 128.4 151.3 104.5 46.8 -22.9 128.3 152.1 104.8 47.3 -23.8 125.5 153.2 105.1 48.1 -27.7 Households and institutions............................................................................................................ Households................... Compensation of employees........................................................................................................ Wages and salaries................................................................................................................. Supplements to wages and salaries......................................................................................... Rental income of persons with CCAdj.......................................................................................... Net interest.................................................................................................................................. Taxes on production and imports less subsidies plus business current transfer payments........... Nonprofit institutions serving households......................................................................................... Compensation of employees........................................................................................................ Wages and salaries.......... Supplements to wages and salaries......................................................................................... Rental income of persons Net interest.......................... Taxes on production and imports 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 1,510.3 812.7 17.6 16.7 0.8 216.8 430.1 148.3 697.6 669.1 549.4 119.7 7.3 11.5 9.7 1,527.1 818.8 15.5 14.8 0.7 268.1 388.5 146.8 708.2 679.7 562.6 117.2 8.0 10.8 9.7 1,569.0 838.5 16.4 15.9 0.5 327.4 355.1 139.6 730.6 701.1 580.7 120.4 9.4 10.2 9.9 1,615.5 855.6 17.3 16.8 0.5 367.3 324.8 146.1 760.0 730.4 603.5 126.9 10.3 9.4 10.0 General government.................. Compensation of employees Wages and salaries..................................................................................................................... Supplements to wages and salaries............................................................................................. Rest of the world............. Compensation of employees............................................................................................................ Corporate profits........... Net interest................... 56 57 58 59 60 61 62 63 1,517.4 1,517.4 1,069.8 447.6 1,572.2 1,572.2 1,086.5 485.6 1,581.2 1,581.2 1,089.7 491.5 1,589.6 1,589.6 1,092.2 497.3 147.2 -7.8 352.8 -197.8 206.0 -8.0 395.2 -181.2 260.8 -8.1 436.6 -167.7 252.8 -8.3 418.9 -157.7 Corporate business: Corporate profits with IVA and CCAdj........................................................................................... Profits before tax (without IVA and CCAdj)............................................................................... Inventory valuation adjustment................................................................................................ Capital consumption adjustment.............................................................................................. 64 65 66 67 1,039.8 1,115.4 6.7 -82.2 1,345.4 1,439.7 -41.0 -53.3 1,441.2 1,410.8 -56.0 86.4 1,590.5 1,771.1 -10.0 -170.5 Sole proprietors and partnerships: Proprietors’ income with IVA and CCAdj ................................................................................ Farm proprietors’ income with IVA and CCAdj......................................................................... Proprietors’ income with IVA................................................................................................. Capital consumption adjustment........ Nonfarm proprietors' income with IVA and CCAdj Proprietor’s income (without IVA and CCAdj) Inventory valuation adjustment............................................................................................ Capital consumption adjustment...... 68 69 70 71 72 73 74 75 968.3 35.5 41.8 -6.4 932.9 791.3 1.4 140.3 1,027.8 46.0 51.8 -5.8 981.8 837.1 -6.3 151.0 1,149.9 72.6 78.5 -5.9 1,077.4 886.1 -8.8 200.1 1,219.1 75.4 81.3 -5.9 1,143.8 998.2 -1.6 147.2 Other private business: Proprietors’ income with IVA and CCAdj Proprietors’ income with IVA Capital consumption adjustment.. Rental income of persons with CCAdj.......................................................................................... Rental income of persons (without CCAdj) Capital consumption adjustment.............................................................................................. 76 77 78 79 80 81 4.7 5.6 -0.9 109.6 124.2 -14.6 4.9 5.8 -0.9 126.7 140.7 -14.1 5.2 6.2 -1.0 147.6 161.6 -14.0 5.8 6.8 -1.0 163.5 177.6 -14.1 Addenda: IVA Invento^ valuation adjustment CCAdj Capital consumption adjustment September 2013 S urvey 83 C u r r e n t B u s in e s s of Table 1.14. Gross Value Added of Domestic Corporate Business in Current Dollars and Gross Value Added of Nonfinancial Domestic Corporate Business in Current and Chained Dollars [Billions of dollars] Seasonally adjusted at annual rates Line Gross value added of corporate business 1........... Consumption of fixed capital............. Net value added................................ Compensation of employees......... Wages and salaries................... Supplements to wages and salaries................................. Taxes on production and imports less subsidies............................ Net operating surplus.................... Net interest and miscellaneous payments.............................. Business current transfer payments (net)...................... Corporate profits with IVA and CCAdj................................... Taxes on corporate income.... Profits after tax with IVA and CCAdj................................ Net dividends.................... Undistributed profits with IVA and CCAdj.............. Gross value added of financial corporate business 1........... Gross value added of nonfinancial corporate business 1............................ Consumption of fixed capital............. Net value added................................ Compensation of employees......... Wages and salaries................... Supplements to wages and salaries.................................. Taxes on production and imports less subsidies............................ Net operating surplus.................... Net interest and miscellaneous payments.............................. Business current transfer payments (net)...................... Corporate profits with IVA and CCAdj................................... Taxes on corporate income.... Profits after tax with IVA and CCAdj................................ Net dividends.................... Undistributed profits with IVA and CCAdj.............. 1 2 3 4 5 2009 2010 2011 2012 2011 2010 2012 2013 I II III IV I II III IV 1 II III IV 1 II 8,693.8 1,314.2 7,379.6 5,003.3 4,149.4 8,785.8 1,326.6 7,459.2 4,973.9 4,125.0 8,970.6 1,343.7 7,626.9 5,124.1 4,265.8 9,018.3 1,361.2 7,657.1 5,156.6 4,292.9 9,082.8 1,373.6 7,709.2 5,185.1 4,316.6 9,287.1 1,384.4 7,902.7 5,345.7 4,450.3 9,290.9 1,400.4 7,890.5 5,300.3 4,413.0 9,417.0 1,415.7 8,001.3 5,349.9 4,457.7 7,825.9 1,260.6 6,565.3 4,610.0 3,816.7 8,237.3 1,262.5 6,974.9 4,714.7 3,903.3 8,636.2 1,306.0 7,330.2 4,952.7 4,107.4 9,089.7 1,365.7 7,724.0 5,202.9 4,331.4 8,017.4 1,256.8 6,760.6 4,592.3 3,802.0 8,137.7 1,259.5 6,878.2 4,698.7 3,890.0 8,364.8 1,262.4 7,102.4 4,760.2 3,940.9 8,429.5 1,271.1 7,158.3 4,807.8 3,980.3 8,455.4 1,283.1 7,172.3 4,900.3 4,063.9 8,609.6 1,299.9 7,309.8 4,933.3 4,091.3 6 793.2 811.4 845.3 871.5 790.4 808.7 819.3 827.5 836.3 842.0 853.9 848.9 858.3 863.8 868.5 895.4 887.3 892.2 7 8 659.3 1,296.0 685.9 1,574.3 718.4 1,659.2 740.5 1,780.6 676.9 1,491.4 683.8 1,495.7 689.4 1,652.8 693.3 1,657.2 710.5 1,561.6 720.1 1,656.4 717.6 1,658.7 725.2 1,760.1 741.4 1,761.4 739.3 1,761.2 738.3 1,785.8 743.0 1,814.1 753.3 1,836.9 752.4 1,899.0 9 157.5 129.1 109.9 110.7 134.3 132.1 127.8 122.2 114.9 110.1 108.0 106.8 108.5 110.2 111.3 112.8 119.8 114.1 10 98.7 99.8 108.1 79.4 99.4 97.1 102.7 99.9 119.4 104.9 107.7 100.2 88.9 81.9 74.6 72.1 95.0 98.1 11 12 1,039.8 269.4 1,345.4 370.6 1,441.2 374.2 1,590.5 434.8 1,257.7 344.8 1,266.4 351.7 1,422.4 387.5 1,435.1 398.3 1,327.2 393.0 1,441.3 384.3 1,443.0 351.0 1,553.2 368.6 1,564.0 437.2 1,569.1 429.7 1,599.8 439.1 1,629.1 433.2 1,622.1 408.2 1,686.8 418.7 13 14 770.3 456.9 974.8 442.5 1,067.0 545.1 1,155.7 613.6 912.9 418.9 914.7 410.9 1,034.9 462.8 1,036.8 477.6 934.2 510.9 1,057.0 543.1 1,092.0 573.7 1,184.6 553.0 1,126.8 569.1 1,139.4 572.5 1,160.7 577.3 1,196.0 735.3 1,213.8 616.6 1,268.1 858.6 15 313.5 532.3 521.8 542.2 494.0 503.8 572.1 559.2 423.3 514.0 518.3 631.6 557.8 566.9 583.4 460.7 597.3 409.5 16 964.4 994.2 999.8 1,058.8 941.3 943.9 1,018.0 1,073.6 991.0 971.7 978.2 1,058.3 1,020.8 1,011.3 1,079.9 1,123.4 1,127.5 1,163.1 17 18 19 20 21 6,861.4 1,092.0 5,769.4 4,088.4 3,377.5 7,243.1 1,094.6 6,148.6 4,168.0 3,446.1 7,636.4 1,135.8 6,500.6 4,374.3 3,624.7 8,030.8 1,188.2 6,842.7 4,600.8 3,824.8 7,076.1 1,087.8 5,988.3 4,086.7 3,379.7 7,193.8 1,091.6 6,102.2 4,157.3 3,437.4 7,346.8 1,095.1 6,251.8 4,198.2 3,470.8 7,355.8 1,103.9 6,252.0 4,229.8 3,496.6 7,464.4 1,115.3 6,349.1 4,339.7 3,596.4 7,638.0 1,130.4 6,507.5 4,361.5 3,614.2 7,715.6 1,143.2 6,572.4 4,407.7 3,652.1 7,727.5 1,154.1 6,573.4 4,388.3 3,636.2 7,949.7 1,168.8 6,781.0 4,549.1 3,782.3 8,007.0 1,184.1 6,822.9 4,570.5 3,799.9 8,002.9 1,195.2 6,807.7 4,589.1 3,815.2 8,163.8 1,204.7 6,959.1 4,694.5 3,901.7 8,163.4 1,218.5 6,944.9 4,654.7 3,869.1 8,253.9 1,231.5 7,022.4 4,698.2 3,908.3 22 710.9 721.9 749.6 776.0 707.0 720.0 727.4 733.2 743.4 747.3 755.7 752.1 766.8 770.6 773.9 792.8 785.6 790.0 23 24 605.9 1,075.1 633.0 1,347.5 664.2 1,462.1 685.3 1,556.5 624.6 1,277.1 631.1 1,313.7 636.3 1,417.3 640.1 1,382.1 656.9 1,352.4 665.7 1,480.3 663.5 1,501.2 670.5 1,514.6 685.8 1,546.1 684.8 1,567.6 683.2 1,535.3 687.6 1,577.0 697.3 1,593.0 696.5 1,627.7 25 283.7 286.2 287.2 295.5 282.7 286.1 287.6 288.3 287.6 287.3 287.5 286.5 290.9 294.7 297.2 299.3 322.5 304.3 26 73.4 83.2 89.3 92.5 80.5 81.2 85.0 86.0 88.3 88.1 90.5 90.3 99.5 96.3 89.7 84.3 80.1 82.7 27 28 718.1 177.8 978.2 220.6 1,085.6 222.3 1,168.5 256.9 913.9 208.8 946.5 220.2 1,044.6 229.3 1,007.8 223.9 976.5 216.1 1,104.9 226.0 1,123.2 229.8 1,137.8 217.3 1,155.6 252.5 1,176.7 257.8 1,148.4 249.1 1,193.4 268.4 1,190.3 266.6 1,240.7 266.7 29 30 540.2 351.7 757.6 375.5 863.3 440.3 911.6 478.8 705.0 356.8 726.2 346.3 815.3 394.3 783.9 404.4 760.4 411.0 878.9 439.5 893.5 466.5 920.5 444.2 903.1 456.0 918.9 457.5 899.4 461.2 925.0 540.4 923.7 483.3 974.0 652.2 31 188.5 382.1 423.0 432.8 348.2 379.9 421.0 379.4 349.4 439.4 427.0 476.3 447.2 461.4 438.1 384.6 440.5 321.8 Addenda: Corporate business: Profits before tax (without IVA and CCAdj)............................ Profits after tax (without IVA and CCAdj).................................. Undistributed profits after tax (without IVA and CCAdj) Inventory valuation adjustment... Capital consumption adjustment Nonfinancial corporate business: Profits before tax (without IVA and CCAdj)........................... Profits after tax (without IVA and CCAdj).................................. Inventory valuation adjustment... Capital consumption adjustment 32 1,115.4 1,439.6 1,410.8 1,771.1 1,394.2 1,388.4 1,494.9 1,481.1 1,364.4 1,423.1 1,382.3 1,473.4 1,746.2 1,730.7 1,796.0 1,811.5 1,794.6 1,836.9 33 845.9 1,069.1 1,036.6 1,336.3 1,049.4 1,036.7 1,107.4 1,082.8 971.4 1,038.8 1,031.3 1,104.8 1,309.0 1,301.0 1,356.9 1,378.3 1,386.3 1,418.3 34 35 36 389.1 6.7 -82.2 626.5 ^ 1 .0 -53.3 491.4 -56.0 86.4 722.7 -10.0 -170.5 630.5 -40.1 -96.4 625.8 -20.6 -101.4 644.6 -18.1 -54.4 605.2 -85.3 39.2 460.5 -120.1 82.9 495.7 -68.2 86.4 457.6 -27.7 88.4 551.9 -8.2 88.0 740.0 -19.5 -162.7 728.4 9.8 -171.4 779.6 -22.0 -174.2 643.0 -8.4 -173.9 769.8 -13.0 -159.5 559.7 11.0 -161.1 37 752.5 1,034.3 1,026.7 1,293.7 1,007.1 1,025.8 1,079.2 1,025.2 986.6 1,058.5 1,033.5 1,028.3 1,283.7 1,282.9 1,288.8 1,319.4 1,307.7 1,335.2 38 39 40 574.7 6.7 -41.1 813.8 -41.0 -15.2 804.4 -56.0 114.9 1,036.8 -10.0 -115.1 798.3 -40.1 -53.2 805.6 -20.6 -58.7 849.9 -18.1 -16.6 801.2 -85.3 67.9 770.5 -120.1 110.0 832.5 -68.2 114.6 803.7 -27.7 117.4 811.0 -8.2 117.7 1,031.2 -19.5 -108.5 1,025.1 9.8 -116.1 1,039.7 -22.0 -118.4 1,051.0 -8.4 -117.6 1,041.1 -13.0 -104.3 1,068.5 11.0 -105.4 7,710.0 1,125.3 6,584.7 7,740.1 1,132.3 6,607.8 7,701.5 1,139.4 6,562.2 7,821.0 1,147.1 6,673.9 7,795.6 1,156.0 6,639.6 7,886.8 1,164.7 6,722.1 Value added, in billions of chained (2009) dollars: Gross value added of nonfinancial corporate business 2........................... Consumption of fixed capital3 Net value added 4.................. 41 42 43 6,861.4 1,092.0 5,769.4 7,244.4 1,093.5 6,151.0 7,464.6 1,110.1 6,354.5 7,743.2 1,136.0 6,607.1 7,178.5 1,090.7 6,087.8 7,227.4 1,091.9 6,135.5 7,314.7 1,094.0 6,220.7 7,257.2 1,097.3 6,159.9 7,365.1 1,101.7 6,263.4 7,479.5 1,106.9 6,372.6 7,465.6 1,112.7 6,352.9 7,548.1 1,118.9 6,429.3 IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 1. Estimates for financial corporate business and nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). 2. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not available, the chain-type price index for GDP goods and structures is used. 3. Chained-dollar consumption of fixed capital of nonfinancial corporate business is calculated as the product of the chain-type quantity index and the 2009 current-dollar value of the corresponding series, divided by 100. 4. Chained-dollar net value added of nonfinancial corporate business is the difference between the gross product and the consumption of fixed capital. 84 Domestic Product and Income September 2013 Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added of Nonfinancial Domestic Corporate Business [Dollars] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Price per unit of real gross value added of nonfinancial corporate business 1.................................. 1 1.000 1.000 1.023 Compensation of employees (unit labor cost)................................. 2 0.596 0.575 3 4 0.299 0.159 0.290 0.151 Unit nonlabor cost......................... Consumption of fixed capital....... Taxes on production and imports less subsidies plus business current transfer payments (net) Net interest and miscellaneous payments................................. Corporate profits with IVA and CCAdj (unit profits from current production)................................. Taxes on corporate income......... Profits after tax with IVA and CCAdj...................................... II 2011 III IV I 2012 II III IV 1.013 1.021 1.033 1.024 I II 2013 III IV 1.039 1.044 1.037 0.986 0.995 1.004 1.014 0.586 0.594 0.569 0.575 0.574 0.583 0.589 0.583 0.590 0.581 0.590 0.590 0.596 0.291 0.152 0.291 0.153 0.289 0.152 0.290 0.151 0.288 0.150 0.292 0.152 0.291 0.151 0.290 0.151 0.293 0.153 0.292 0.153 0.292 0.152 0.292 0.153 0.294 0.155 1.031 1.034 I II 1.047 1.047 0.600 0.597 0.596 0.291 0.154 0.297 0.156 0.294 0.156 5 0.099 0.099 0.101 0.100 0.098 0.099 0.099 0.100 0.101 0.101 0.101 0.101 0.102 0.101 0.100 0.099 0.100 0.099 6 0.041 0.040 0.038 0.038 0.039 0.040 0.039 0.040 0.039 0.038 0.039 0.038 0.038 0.038 0.039 0.038 0.041 0.039 7 8 0.105 0.026 0.135 0.030 0.145 0.030 0.151 0.033 0.127 0.029 0.131 0.030 0.143 0.031 0.139 0.031 0.133 0.029 0.148 0.030 0.150 0.031 0.151 0.029 0.150 0.033 0.152 0.033 0.149 0.032 0.153 0.034 0.153 0.034 0.157 0.034 9 0.079 0.105 0.116 0.118 0.098 0.100 0.111 0.108 0.103 0.118 0.120 0.122 0.117 0.119 0.117 0.118 0.118 0.124 IVA Inventory valuation adjustment CCAdj Capital consumption adjustment 1. The implicit price deflator for gross value added of nonfinancial corporate business divided by 100. Estimates for nonfinancial corporate business for 2000 and earlier periods are based on the 1987 Standard Industrial Classification (SIC); later estimates for these industries are based on the North American Industry Classification System (NAICS). N ote. The current-dollar gross value added is deflated using the gross value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts. For periods when this price index is not available, the chain-type price index for GDP goods and structures is used. Table 1.16. Sources and Uses of Private Enterprise Income [Billions of dollars] Line Sources of private enterprise incom e...................................................................................... Net operating surplus.... ........................................................................ Income receipts on assets.................................................................................................................... Interest..................... Dividend receipts from the rest of the world..................................................................................... Reinvested earnings on U.S. direct investment abroad.................................................................... Uses of private enterprise income................... Income payments on assets........................................ Interest and miscellaneous payments 1................... Dividend payments to the rest of the world............. Reinvested earnings on foreign direct investment in the United States............................................ Business current transfer payments (net).................... To persons (net)...................................................... To government (net)................................................ To the rest of the world (net)............................................................................................................. Proprietors’ income with inventory valuation and capital consumption adjustments............................. Rental income of persons with capital consumption adjustment.......................................................... Corporate profits with inventory valuation and capital consumption adjustments................................. Taxes on corporate income....................................................................... To government....................................................................................... To the rest of the world.......................................................................... Profits after tax with inventory valuation and capital consumption adjustments................................ Net dividends......................................................................................... Undistributed corporate profits with inventory valuation and capital consumption adjustments.... 1. Includes rent paid by private enterprises to government. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 2009 2010 5,787.9 3,234.5 2,553.4 2,059.7 230.9 262.8 5,787.9 2,961.4 2,820.5 119.0 21.9 127.2 38.7 90.7 -2.3 973.0 333.7 1,392.6 269.4 246.0 23.5 1,123.1 568.7 554.4 2011 6,065.6 3,579.9 2,485.7 1,901.1 248.0 336.6 6,065.6 2,761.1 2,571.7 126.6 62.8 128.5 43.0 87.2 -1.7 1,032.7 402.8 1,740.6 370.6 346.3 24.3 1,370.0 563.9 806.0 2012 6,380.3 3,834.9 2,545.4 1,891.6 292.6 361.1 6,380.3 2,733.5 2,516.3 136.2 81.0 129.6 46.7 90.1 -7.2 1,155.1 484.4 1,877.7 374.2 345.0 29.2 1,503.5 701.6 801.9 6,536.7 4,060.9 2,475.8 1,809.9 297.9 368.1 6,536.7 2,654.2 2,407.2 141.1 105.9 106.9 41.4 70.6 -5.1 1,224.9 541.2 2,009.5 434.8 402.4 32.4 1,574.7 770.3 804.3 September 2013 S urvey of 85 C u r r e n t B u s in e s s Table 1.17.1. Percent Change From Preceding Period in Real Gross Domestic Product, Real Gross Domestic Income, and Other Major NIPA Aggregates [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I II 2011 III IV I II 2012 III IV I II 2013 III IV I II Production in the United States: Gross domestic product.............. Gross domestic income............... Net domestic product1................ Net domestic income 1................ 1 2 3 4 -2.8 -2.6 -3.6 -3.4 2.5 2.7 2.9 3.1 1.8 2.5 2.0 2.7 2.8 2.5 3.0 2.7 1.6 0.5 1.8 0.4 3.9 2.8 4.5 3.1 2.8 5.2 3.1 6.0 2.8 1.6 3.1 1.7 -1.3 2.0 -1.7 2.2 3.2 2.3 3.5 2.5 1.4 2.2 1.3 2.3 4.9 2.6 5.5 2.8 3.7 5.4 4.1 6.1 1.2 -0.6 1.1 -1.1 2.8 0.9 3.0 0.7 0.1 4.9 -0.2 5.4 1.1 2.4 1.0 2.5 2.5 2.5 2.6 2.5 Production by labor and capital supplied by U.S. residents: Gross national product................ Gross national income................. Net national product1................. 5 6 7 -3.0 -2.8 -3.7 2.8 3.0 3.2 2.1 2.8 2.3 2.7 2.4 2.8 1.7 0.6 1.9 3.9 2.8 4.5 2.6 5.0 2.8 3.2 2.0 3.5 -0.5 2.8 -0.8 3.1 2.3 3.4 1.9 2.7 1.9 4.8 2.5 5.4 3.0 4.7 3.2 1.4 -0.4 1.4 2.4 0.6 2.6 0.3 5.0 0.1 0.6 1.9 0.4 3.0 2.9 3.1 8 -3.8 2.9 1.7 2.6 2.5 5.5 3.5 1.4 -1.3 2.6 1.2 5.3 3.1 1.1 2.7 -0.5 1.4 2.4 9 -3.0 1.5 1.8 2.4 0.9 4.5 1.7 3.0 -0.3 1.8 2.8 2.6 2.9 2.0 2.2 1.4 0.5 1.9 10 -1.8 2.2 1.5 2.9 1.2 4.7 3.3 2.6 -2.5 2.3 1.9 4.5 3.4 2.0 3.5 0.0 1.6 2.9 11 -2.4 2.5 1.5 3.1 1.3 5.5 3.8 2.9 -3.1 2.5 2.0 5.0 3.7 2.0 3.8 -0.3 1.5 3.1 Final expenditures by U.S. residents: Gross domestic purchases.......... Final sales to domestic purchasers2............................ Purchasing power of incom e:3 Command-basis gross domestic product................................... Command-basis net domestic product ' .................................. Command-basis gross national product.................................... Command-basis net national product1................................. After-tax income received by the personal sector: Disposable personal income 12 -2.0 2.5 1.8 2.8 1.8 4.7 3.1 2.9 -1.6 2.2 2.4 4.4 2.7 2.2 3.2 0.2 1.1 3.3 13 -2.6 2.9 1.9 2.9 2.0 5.4 3.5 3.3 -2.1 2.4 2.6 4.9 2.9 2.3 3.4 -0.1 0.9 3.6 14 -0.5 1.1 2.4 2.0 0.3 5.4 1.9 2.7 5.0 -0.4 1.6 -0.6 4.6 1.8 -0.6 9.0 -7.9 3.2 1. In this table, the net measures are the corresponding gross measures excluding the depreciation of fixed assets as measured by the consumption of fixed capital. 2. Gross domestic purchases excluding change in private inventories. 3. The command-basis estimates (lines 10-13) measure the purchasing power of the income generated by the sale of goods and services produced; they reflect gains or losses in real income resulting from changes in the terms of trade for exports and imports. For more detail on the command-basis measures, see NIPA tables 1.8.3 and 1.8.6. Table 1.17.5. Gross Domestic Product, Gross Domestic Income, and Other Major NIPA Aggregates [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 2012 2011 I II III 2013 IV I II III IV I II III IV I II Production in the United States: Gross domestic product.............. Gross domestic income............... Net domestic product1................ Net domestic income 1................ 1 2 3 4 14,417.9 14,345.7 12,049.6 11,977.3 14,958.3 14,915.2 12,576.7 12,533.6 15,533.8 15,587.5 13,081.3 13,134.9 16,244.6 16,261.6 13,701.7 13,718.8 14,672.5 14,627.4 12,302.7 12,257.6 14,879.2 14,793.7 12,504.2 12,418.8 15,049.8 15,050.5 12,667.3 12,668.0 15,231.7 15,189.0 12,832.6 12,789.9 15,242.9 15,326.2 12,825.0 12,908.4 15,461.9 15,513.6 13,018.5 13,070.2 15,611.8 15,694.9 13,146.8 13,229.8 15,818.7 15,815.3 13,334.8 13,331.3 16,041.6 16,104.6 13,534.0 13,596.9 16,160.4 16,150.3 13,626.7 13,616.6 16,356.0 16,269.6 13,800.9 13,714.5 16,420.3 16,522.0 13,845.3 13,947.0 16,535.3 16,690.9 13,931.5 14,087.1 16,667.9 16,822.7 14,035.5 14,190.3 Production by labor and capital supplied by U.S. residents: Gross national product................ Gross national income................. Net national product1................. National income 2........................ 5 6 7 8 14,565.1 14,492.9 12,196.7 12,124.5 15,164.2 15,121.1 12,782.6 12,739.5 15,794.6 15,848.3 13,342.0 13,395.7 16,497.4 16,514.5 13,954.6 13,971.6 14,875.9 14,830.9 12,506.1 12,461.0 15,084.3 14,998.9 12,709.4 12,624.0 15,249.5 15,250.2 12,867.0 12,867.8 15,447.2 15,404.5 13,048.1 13,005.4 15,491.2 15,574.6 13,073.4 13,156.7 15,712.1 15,763.8 13,268.8 13,320.4 15,884.0 15,967.1 13,419.0 13,502.0 16,091.0 16,087.6 13,607.1 13,603.6 16,289.6 16,352.6 13,782.0 13,845.0 16,419.2 16,409.0 13,885.5 13,875.3 16,603.7 16,517.2 14,048.5 13,962.1 16,677.3 16,779.1 14,102.3 14,204.0 16,772.7 16,928.3 14,168.9 14,324.5 16,925.2 17,080.0 14,292.9 14,447.6 Final expenditures by U.S. residents: Gross domestic purchases.......... Final sales to domestic purchasers 3............................ 10 14,957.7 15,415.2 16,066.2 16,725.7 15,155.5 15,358.8 15,472.0 15,674.6 15,776.1 15,988.4 16,179.0 16,321.2 16,529.5 16,651.4 16,798.8 16,923.1 16,995.0 17,089.0 After-tax income received by the personal sector: Disposable personal income 11 10,937.2 11,243.7 11,787.4 12,245.8 11,048.7 11,206.4 11,292.6 11,427.1 11,653.9 11,748.6 11,862.1 11,884.8 12,085.7 12,171.9 12,205.1 12,520.4 12,296.9 12,395.6 9 14,810.1 15,476.7 16,102.6 16,791.8 15,167.5 15,408.9 15,593.5 15,737.0 15,797.6 16,034.1 16,165.5 16,413.1 16,632.4 16,718.3 16,880.4 16,936.1 17,058.4 17,174.0 1. In this table, net measures are the corresponding gross measures excluding the depreciation of fixed assets as measured by the consumption of fixed capital. 2. Equals gross national income less the depreciation of fixed assets as measured by the consumption of fixed capital. 3. Equals gross domestic purchases less change in private inventories. Domestic Product and Income 86 September 2013 Table 1.17.6. Real Gross Domestic Product, Real Gross Domestic Income, and Other Major NIPA Aggregates, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 2011 2012 2013 I II III IV I II III IV I II III IV I II 14,597.7 14,552.8 12,224.9 12,180.1 14,738.0 14,653.4 12,359.0 12,274.6 14,839.3 14,840.1 12,453.3 12,454.1 14,942.4 14,900.5 12,549.2 12,507.4 14,894.0 14,975.4 12,494.5 12,575.6 15,011.3 15,061.5 12,603.6 12,653.6 15,062.1 15,142.2 12,645.6 12,725.5 15,242.1 15,238.8 12,815.4 12,812.2 15,381.6 15,441.9 12,943.6 13,003.8 15,427.7 15,418.0 12,978.2 12,968.6 15,534.0 15,451.9 13,073.6 12,991.7 15,539.6 15,636.0 13,067.9 13,163.9 15,583.9 15,730.6 13,099.9 13,246.2 15,681.0 15,826.5 13,184.3 13,329.7 Production in the United States: Gross domestic product.............. Gross domestic income............... Net domestic product ' ................ Net domestic income 1................ 1 2 3 4 Production by labor and capital supplied by U.S. residents: Gross national product................ Gross national income................. Net national product1.................. 5 14,565.1 14,966.5 15,286.7 15,693.1 14,782.7 14,925.1 15,020.5 15,137.8 15,119.2 15,235.6 15,306.4 15,485.7 15,600.2 15,656.2 15,751.1 15,764.8 15,789.7 15,905.2 6 14,492.9 14,924.0 15,338.7 15,709.2 14,738.0 14,840.6 15,021.3 15,095.9 15,200.5 15,285.7 15,386.4 15,482.4 15,660.5 15,646.6 15,669.1 15,861.0 15,936.3 16,050.7 7 12,196.7 12,583.7 12,873.9 13,238.0 12,410.0 12,546.0 12,634.5 12,744.5 12,719.5 12,827.7 12,889.6 13,058.8 13,162.1 13,206.5 13,290.5 13,292.9 13,305.5 13,408.4 Final expenditures by U.S. residents: Gross domestic purchases.......... Final sales to domestic purchasers 2............................ Purchasing power of incom e:3 ...... Command-basis gross domestic product................................... Command-basis net domestic product1.................................. Command-basis gross national product................................... Command-basis net national product1................................. After-tax income received by the personal sector: Disposable personal income 14,417.9 14,345.7 12,049.6 11,977.3 14,779.4 14,736.7 12,396.6 12,354.2 15,052.4 15,104.3 12,639.8 12,691.6 15,470.7 15,487.0 13,015.8 13,032.0 8 14,810.1 15,244.5 15,501.1 15,902.3 15,011.5 15,215.4 15,348.5 15,402.5 15,354.0 15,451.6 15,498.4 15,700.5 15,822.4 15,864.4 15,971.4 15,950.8 16,005.8 16,102.8 9 14,957.7 15,183.2 15,463.4 15,835.2 14,998.4 15,164.0 15,228.0 15,342.3 15,332.1 15,402.4 15,508.9 15,610.2 15,720.4 15,797.9 15,882.8 15,939.7 15,958.6 16,033.1 10 14,417.9 14,733.1 14,953.0 15,383.2 14,522.0 14,690.4 14,811.4 14,906.3 14,813.3 14,897.1 14,967.2 15,132.0 15,259.7 15,335.0 15,467.9 15,469.0 15,531.0 15,642.7 11 12,049.6 12,351.7 12,542.5 12,929.9 12,150.3 12,312.6 12,426.8 12,514.7 12,415.9 12,491.6 12,552.9 12,707.2 12,823.7 12,887.1 13,008.9 12,998.9 13,048.2 13,146.9 12 14,565.1 14,936.0 15,204.1 15,622.7 14,723.4 14,893.0 15,008.0 15,117.2 15,054.7 15,138.1 15,228.2 15,392.4 15,495.7 15,580.5 15,702.1 15,711.1 15,754.0 15,884.3 13 12,196.7 12,554.0 12,792.5 13,168.5 12,351.2 12,514.6 12,622.8 12,724.9 12,656.3 12,731.7 12,812.8 12,966.7 13,058.7 13,131.8 13,242.3 13,240.2 13,270.6 13,388.0 14 10,937.2 11,060.8 11,324.6 11,551.6 10,909.1 11,052.2 11,104.4 11,177.3 11,315.4 11,303.9 11,348.4 11,332.3 11,459.2 11,510.2 11,493.6 11,743.0 11,502.4 11,593.9 1. In this table, net measures are the corresponding gross measures excluding the depreciation of fixed assets as measured by the consumption of fixed capital. 2. Gross domestic purchases excluding change in private inventories. 3. The command-basis estimates (lines 10-13) measure the purchasing power of the income generated by the sale of goods and services produced; they reflect gains or losses in real income resulting from changes in the terms of trade for exports and imports. For more detail on the command-basis estimates, see NIPA tables 1.8.3 and 1.8.6. September 2013 87 S u r v ey o f C u r r e n t B u sin ess 2. Personal Incom e and O utlays Table 2.1. Personal Income and Its Disposition [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Personal income........................ Compensation of employees.... Wages and salaries............. Private industries............. Government..................... Supplements to wages and salaries............................ Employer contributions for employee pension and insurance funds 1........ Employer contributions for government social insurance..................... Proprietors’ income with inventory valuation and capital consumption adjustments......................... Farm.................................... Nonfarm.............................. Rental income of persons with capital consumption adjustment........................... Personal income receipts on assets................................. Personal interest income..... Personal dividend income.... Personal current transfer receipts............................... Government social benefits to persons....................... Social security2.............. Medicare3....................... Medicaid.......................... Unemployment insurance Veterans’ benefits............ Other.............................. Other current transfer receipts, from business (net)................................. Less: Contributions for government social insurance, domestic.............................. Less: Personal current taxes.... Equals: Disposable personal income................................... II 2011 III IV I II 2012 III IV I II 2013 III IV 1 II 1 12,082.1 12,435.2 13,191.3 13,743.8 12,194.3 12,374.3 12,502.1 12,670.0 13,029.9 13,148.5 13,283.6 13,303.2 13,548.6 13,651.8 13,701.6 14,073.1 13,925.9 14,060.4 2 7,787.8 7,967.3 8,278.5 8,611.6 7,804.3 7,952.7 8,026.5 8,085.7 8,207.4 8,256.3 8,343.3 8,306.9 8,514.3 8,553.8 8,591.0 8,787.4 8,748.3 8,811.7 3 6,252.2 6,377.5 6,638.7 6,926.8 6,239.6 6,365.5 6,426.4 6,478.6 6,577.6 6,621.0 6,698.0 6,658.2 6,842.2 6,873.5 6,904.7 7,086.6 7,040.4 7,095.4 4 5,077.1 5,186.4 5,444.3 5,729.4 5,052.1 5,168.7 5,236.1 5,288.8 5,387.0 5,423.0 5,499.7 5,467.2 5,642.8 5,678.0 5,709.7 5,887.2 5,844.5 5,901.0 5 1,175.1 1,191.1 1,194.4 1,197.3 1,187.4 1,196.8 1,190.3 1,189.8 1,190.6 1,197.9 1,198.2 1,191.0 1,199.4 1,195.5 1,195.1 1,199.3 1,195.8 1,194.4 6 1,535.6 1,589.8 1,639.8 1,684.9 1,564.7 1,587.2 1,600.1 1,607.1 1,629.9 1,635.4 1,645.3 1,648.7 1,672.1 1,680.3 1,686.2 1,700.9 1,707.9 1,716.3 7 1,077.5 1,120.4 1,145.4 1,170.6 1,100.3 1,117.4 1,128.9 1,135.1 1,138.2 1,141.9 1,147.2 1,154.4 1,162.2 1,169.1 1,174.1 1,176.8 1,182.1 1,187.7 8 458.1 469.4 494.4 514.3 464.4 469.8 471.2 472.0 491.7 493.5 498.1 494.3 509.9 511.2 512.2 524.0 525.8 528.6 9 10 11 973.0 35.5 937.5 1,032.7 46.0 986.7 1,155.1 72.6 1,082.6 1,224.9 75.4 1,149.6 1,017.6 39.2 978.5 1,024.7 43.2 981.5 1,029.2 48.4 980.8 1,059.3 53.2 1,006.0 1,116.5 71.7 1,044.9 1,140.7 67.5 1,073.2 1,175.3 74.1 1,101.2 1,188.0 76.9 1,111.1 1,214.4 74.6 1,139.7 1,217.8 77.0 1,140.8 1,220.0 75.3 1,144.7 1,247.5 74.5 1,173.0 1,334.6 137.0 1,197.6 1,333.3 119.7 1,213.6 12 333.7 402.8 484.4 541.2 380.5 397.3 408.3 425.0 458.5 475.5 489.9 513.5 524.8 537.8 546.7 555.4 574.9 587.7 13 14 15 1,811.8 1,263.9 547.9 1,739.6 1,195.0 544.6 1,884.6 1,204.1 680.5 1,958.5 1,211.6 746.9 1,710.7 1,206.1 504.6 1,722.8 1,198.7 524.1 1,738.0 1,182.8 555.2 1,787.0 1,192.5 594.6 1,850.4 1,202.9 647.5 1,883.4 1,210.8 672.6 1,899.3 1,203.0 696.3 1,905.4 1,199.6 705.7 1,909.1 1,204.9 704.2 1,935.3 1,219.4 715.9 1,926.9 1,203.7 723.2 2,062.8 1,218.4 844.3 1,935.8 1,215.8 720.0 1,998.6 1,229.9 768.7 16 2,140.2 2,276.9 2,306.9 2,358.3 2,253.3 2,260.9 2,288.4 2,305.1 2,309.6 2,309.0 2,300.5 2,308.5 2,328.5 2,352.2 2,364.4 2,388.0 2,426.0 2,429.4 17 18 19 20 21 22 23 2,101.5 664.5 494.6 369.2 131.2 51.5 390.4 2,234.0 690.2 513.8 396.6 138.9 58.0 436.5 2,260.3 713.3 537.0 405.5 107.6 63.3 433.7 2,316.8 762.2 560.8 417.1 84.2 70.2 422.5 2,212.7 678.9 505.1 381.7 159.8 55.9 431.4 2,219.0 689.2 510.7 385.3 140.5 57.1 436.1 2,245.1 693.6 516.6 405.4 130.7 58.9 439.9 2,259.0 699.0 522.9 414.1 124.4 59.9 438.7 2,262.8 703.3 529.2 418.8 118.1 61.5 431.9 2,261.8 713.0 534.9 408.7 109.1 62.5 433.5 2,253.6 715.7 539.8 396.1 102.9 64.7 434.4 2,262.8 721.2 543.8 398.3 100.2 64.4 435.0 2,285.2 753.3 547.7 400.8 96.8 67.1 419.5 2,310.5 760.4 554.2 420.9 85.9 68.9 420.3 2,323.8 764.8 564.0 421.5 78.7 71.3 423.5 2,347.9 770.2 577.2 425.1 75.3 73.3 426.8 2,382.0 789.8 589.3 423.7 73.9 76.8 428.6 2,385.0 794.9 587.3 423.7 68.4 80.0 430.8 24 38.7 43.0 46.7 41.4 40.6 41.9 43.3 46.1 46.8 47.3 46.9 45.7 43.3 41.7 40.6 40.1 44.0 44.4 984.0 1,167.9 988.4 992.0 1,242.9 912.6 916.4 924.7 919.1 942.5 945.1 947.4 967.9 1,093.7 1,100.2 1,209.4 1,376.0 1,399.9 1,421.6 1,418.4 1,462.8 1,480.0 1,496.4 1,552.8 1,629.0 1,664.8 25 964.4 984.1 918.2 950.7 972.0 26 1,144.9 1,191.5 1,404.0 1,498.0 1,145.6 27 10,937.2 11,243.7 11,787.4 12,245.8 11,048.7 11,206.4 11,292.6 11,427.1 11,653.9 11,748.6 11,862.1 11,884.8 12,085.7 12,171.9 12,205.1 12,520.4 12,296.9 12,395.6 28 10,266.5 10,609.5 11,119.1 11,558.4 10,459.9 10,542.4 10,637.5 10,798.4 10,936.0 11,069.5 11,185.8 11,285.2 11,428.4 11,507.9 11,601.0 11,696.2 11,794.9 11,838.7 Less: Personal outlays.............. Personal consumption expenditures........................ Personal interest payments 4... Personal current transfer payments............................. To government..................... To the rest of the world (net) 31 32 33 149.6 83.5 66.1 156.9 83.9 73.0 159.4 85.3 74.1 160.4 88.5 71.9 158.4 84.0 74.4 155.2 83.9 71.4 156.5 83.8 72.7 157.4 83.7 73.6 157.9 84.1 73.8 159.2 84.7 74.5 158.5 85.6 72.9 161.8 86.8 75.0 160.7 87.7 73.0 160.8 88.4 72.4 156.7 88.8 67.9 163.4 89.0 74.4 165.3 89.4 75.9 164.8 89.9 74.9 Equals: Personal saving........... 34 670.7 634.2 668.2 687.4 588.9 664.0 655.2 628.7 717.9 679.1 676.2 599.6 657.3 663.9 604.1 824.1 502.0 556.9 Personal saving as a percentage of disposable personal income................ 35 6.1 5.6 5.7 5.6 5.3 5.9 5.8 5.5 6.2 5.8 5.7 5.0 5.4 5.5 4.9 6.6 4.1 4.5 36 9,941.9 9,993.0 10,457.1 10,740.1 9,815.4 29 30 9,842.9 10,201.9 10,711.8 11,149.6 10,042.3 10,134.7 10,234.3 10,396.3 10,527.1 10,662.6 10,778.6 10,878.9 11,019.1 11,100.2 11,193.6 11,285.5 11,379.2 11,429.9 273.9 248.4 252.4 244.7 250.8 248.0 259.2 246.8 251.0 247.7 248.7 250.4 244.5 248.6 247.0 250.7 247.3 244.0 Addenda: Personal income excluding current transfer receipts, billions of chained (2009) dollars 5............................. Disposable personal income: Total, billions of chained (2009) dollars 5................ Per capita: Current dollars................. Chained (2009) dollars.... Population (midperiod, thousands)........................... Percent change from preceding period: 9,974.3 10,043.5 10,138.3 10,408.9 10,429.2 10,507.5 10,483.5 10,638.4 10,685.5 10,676.2 10,959.6 10,756.9 10,878.8 37 10,937.2 11,060.8 11,324.6 11,551.6 10,909.1 11,052.2 11,104.4 11,177.3 11,315.4 11,303.9 11,348.4 11,332.3 11,459.2 11,510.2 11,493.6 11,743.0 11,502.4 11,593.9 38 39 35,598 35,598 36,296 35,706 37,776 36,293 38,965 36,756 35,768 35,316 36,213 35,715 36,420 35,813 36,781 35,977 37,449 36,361 37,690 36,263 37,981 36,336 37,981 36,215 40 307,240 309,776 312,036 314,278 308,900 309,457 310,067 310,679 311,192 311,718 312,319 312,917 38,560 36,561 38,769 36,661 38,800 36,538 39,727 37,260 38,955 36,438 39,201 36,666 313,425 313,960 314,564 315,162 315,671 316,206 Disposable personal income, current dollars 41 -0.5 2.8 4.8 3.9 1.7 5.8 3.1 4.8 8.2 3.3 3.9 0.8 6.9 2.9 1.1 10.7 -7.0 3.3 Disposable personal income, chained (2009) dollars............................ 42 -0.5 1.1 2.4 2.0 0.3 5.4 1.9 2.7 5.0 -0.4 1.6 -0.6 4.6 1.8 -0.6 9.0 -7.9 3.2 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. September 2013 Personal Income and Outlays 88 Table 2.2B. Wages and Salaries by Industry [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2011 2010 2012 2013 I II III IV I II III IV I II III IV I II Wages and salaries............... 1 6,252.2 6,377.5 6,638.7 6,926.8 6,239.6 6,365.5 6,426.4 6,478.6 6,577.6 6,621.0 6,698.0 6,658.2 6,842.2 6,873.5 6,904.7 7,086.6 7,040.4 7,095.4 Private industries.......................... Goods-producing industries........ Manufacturing.......................... Services-producing industries..... Trade, transportation, and utilities................................. Other services-producing industries 1.......................... 2 3 4 5 5,077.1 1,058.0 661.3 4,019.1 5,186.4 1,053.3 674.1 4,133.1 5,444.3 1,102.1 707.1 4,342.2 5,729.4 1,154.0 735.4 4,575.4 5,052.1 1,023.4 649.2 4,028.8 5,168.7 1,050.7 672.8 4,118.0 5,236.1 1,064.3 682.1 4,171.7 5,288.8 1,074.9 692.2 4,213.9 5,387.0 1,093.5 705.5 4,293.6 5,423.0 1,097.8 705.1 4,325.2 5,499.7 1,113.5 711.6 4,386.2 5,467.2 1,103.5 706.3 4,363.7 5,642.8 1,149.2 733.2 4,493.6 5,678.0 1,153.2 735.7 4,524.8 5,709.7 1,146.7 732.3 4,563.0 5,887.2 1,167.0 740.5 4,720.3 5,844.5 1,173.8 742.1 4,670.7 5,901.0 1,185.3 748.5 4,715.7 6 984.6 998.9 1,046.2 1,093.7 976.4 996.9 1,007.7 1,014.6 1,031.8 1,042.2 1,054.8 1,055.8 1,086.8 1,083.8 1,090.0 1,114.2 1,115.2 1,124.0 7 3,034.5 3,134.2 3,296.0 3,481.7 3,052.3 3,121.0 3,164.1 3,199.3 3,261.8 3,283.0 3,331.4 3,307.8 3,406.8 3,441.0 3,473.0 3,606.1 3,555.5 3,591.7 Government.................................. 8 1,175.1 1,191.1 1,194.4 1,197.3 1,187.4 1,196.8 1,190.3 1,189.8 1,190.6 1,197.9 1,198.2 1,191.0 1,199.4 1,195.5 1,195.1 1,199.3 1,195.8 1,194.4 1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises, administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services. N ote . Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). Table 2.3.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 Personal consumption expenditures (PCE)........... Goods............................................ Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear.............. Gasoline and other energy goods................................... Other nondurable goods.......... Services.......................................... Household consumption expenditures (for services)...... Housing and utilities................ Health care.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) ’ ........... Gross output of nonprofit institutions 2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Addenda: PCE excluding food and energy4 Energy goods and services5...... Market-based PCE 6................... Market-based PCE excluding food and energy6............................ 2011 2010 I II III I IV II 2012 III IV II I 2013 III I IV II 1 -1.6 2.0 2.5 2.2 2.1 3.3 2.8 4.3 2.1 1.5 2.1 2.4 2.9 1.9 1.7 1.7 2.3 1.8 2 3 4 -3.0 -5.5 -7.0 3.4 6.1 2.0 3.4 6.6 4.9 3.3 7.7 7.2 4.0 5.4 -4.2 5.2 12.5 18.8 3.8 6.7 7.8 7.6 12.9 21.4 2.7 5.4 3.9 0.2 -0.8 -16.5 1.2 5.2 1.6 5.0 13.5 26.0 4.6 9.8 11.0 2.2 2.9 -4.4 3.7 8.3 8.3 3.7 10.5 14.3 3.7 5.8 5.2 3.2 6.1 -0.8 5 -8.7 7.0 5.5 6.1 10.7 12.2 2.0 8.2 2.5 5.7 5.4 10.6 7.9 0.9 5.6 4.4 4.1 8.7 6 7 8 -1.6 -5.0 -1.8 10.9 4.2 2.2 10.0 5.3 1.9 10.9 5.7 1.4 10.6 8.0 3.4 12.6 0.7 1.9 8.8 7.4 2.5 8.9 10.0 5.2 10.7 3.2 1.4 9.2 8.2 0.7 10.1 3.4 -0.5 12.6 -3.2 1.3 11.0 7.7 2.2 9.8 10.5 1.8 11.5 6.9 1.6 10.7 11.5 0.6 8.1 5.8 2.7 11.8 7.9 1.8 9 10 -1.5 -4.9 2.1 5.3 1.6 3.8 1.3 1.2 3.6 9.4 -2.8 6.7 1.7 1.0 6.0 13.2 1.2 2.5 1.5 4.9 -0.9 -6.7 -0.4 4.3 2.9 4.8 2.3 -3.9 1.6 5.2 0.9 -1.8 2.0 1.8 -1.3 5.7 11 12 0.4 -1.7 -0.8 2.3 -2.5 3.4 -1.4 2.7 0.3 2.3 4.7 3.7 2.4 4.0 -1.9 4.5 -3.4 3.3 -9.1 3.1 -0.4 2.4 -0.8 2.7 -4.5 3.8 7.3 1.2 -3.3 2.4 -5.3 4.2 4.5 3.0 0.8 3.7 13 -0.8 1.2 2.1 1.6 1.2 2.4 2.2 2.6 1.8 2.1 2.5 1.1 2.1 1.7 0.7 0.6 1.5 1.1 14 15 16 17 18 -0.9 1.1 1.8 -9.8 -3.3 1.3 1.2 1.3 -0.9 1.3 2.2 1.3 2.7 2.5 2.1 1.5 0.8 2.7 1.3 1.4 1.2 1.4 -1.0 0.5 3.2 2.3 -0.1 3.7 2.2 -2.1 2.6 2.1 4.0 2.6 5.8 2.9 2.2 3.8 2.2 3.1 1.9 0.4 2.2 1.1 -2.3 2.1 1.3 2.6 4.7 5.9 1.9 2.6 -0.8 3.1 2.8 1.5 -1.0 4.9 1.2 0.8 2.0 -0.9 4.9 -0.6 2.0 1.2 4.5 0.3 2.0 0.3 0.6 1.3 2.3 1.0 1.1 0.3 -2.7 2.3 -0.2 -1.7 2.4 4.7 1.3 2.9 2.4 1.6 -0.1 2.6 2.5 2.0 19 -4.1 1.5 4.0 3.6 3.8 3.1 2.4 3.3 5.2 4.9 3.4 4.2 4.3 2.4 1.3 6.5 2.5 1.0 20 21 -2.5 -2.1 2.1 1.0 3.0 1.5 -1.3 1.7 4.4 0.2 8.4 1.4 -0.4 2.4 4.0 1.6 4.4 2.4 0.4 0.0 6.2 0.4 -1.9 2.1 -1.0 4.8 -3.2 -0.6 -6.7 1.5 -0.2 0.2 5.5 -2.8 3.8 1.6 22 0.9 0.8 0.2 5.3 0.3 3.6 -6.0 -3.8 -1.9 2.4 17.8 -8.2 3.6 15.5 3.4 9.0 -18.1 -12.2 23 1.6 1.3 1.3 2.9 -1.0 4.3 2.4 2.4 -0.8 1.4 -0.1 3.5 5.4 1.2 4.3 1.2 -3.0 0.0 24 1.9 1.4 1.6 2.2 -1.5 4.6 5.4 4.4 -0.4 1.1 -5.3 7.6 6.0 -2.9 4.5 -1.3 2.4 4.0 25 26 27 -1.7 0.7 -1.6 2.0 0.9 2.0 3.0 -2.3 2.7 2.5 -1.8 2.4 1.9 3.4 2.1 4.0 0.3 3.0 2.7 5.3 2.8 4.3 1.3 4.7 2.7 -6.4 2.1 2.1 -7.4 1.7 2.3 3.0 1.8 3.3 -7.2 2.8 3.8 -9.4 2.9 1.0 16.8 2.2 1.8 0.5 2.1 2.7 -12.2 2.0 1.3 18.6 2.7 2.2 -0.9 2.2 28 -1.8 2.1 3.1 2.8 1.9 3.8 2.8 4.8 2.9 2.4 2.0 3.9 3.9 1.2 2.2 3.2 1.7 2.8 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. September 2013 89 S u r v ey o f C u r r e n t B u sin ess Table 2.3.2. Contributions to Percent Change in Real Personal Consumption Expenditures by Major Type of Product Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Percent change at annual rate: Personal consumption expenditures (PCE)........... III II 2012 2011 IV II I III IV I II 2013 IV III I II 1 -1.6 2.0 2.5 2.2 2.1 3.3 2.8 4.3 2.1 1.5 2.1 2.4 2.9 1.9 1.7 1.7 2.3 1.8 2 3 4 -1.00 -0.60 -0.24 1.12 0.62 0.07 1.12 0.68 0.17 1.12 0.81 0.25 1.30 0.55 -0.14 1.68 1.24 0.57 1.25 0.68 0.25 2.46 1.30 0.68 0.88 0.56 0.13 0.07 -0.09 -0.62 0.42 0.53 0.06 1.65 1.35 0.80 1.53 1.01 0.38 0.73 0.31 -0.16 1.23 0.86 0.28 1.24 1.09 0.49 1.24 0.62 0.19 1.06 0.65 -0.03 5 -0.23 0.17 0.13 0.15 0.25 0.29 0.05 0.20 0.06 0.14 0.13 0.25 0.19 0.02 0.14 0.11 0.10 0.21 6 7 8 -0.05 -0.08 -0.40 0.32 0.07 0.50 0.29 0.09 0.44 0.31 0.10 0.31 0.31 0.12 0.76 0.37 0.01 0.44 0.26 0.12 0.57 0.27 0.16 1.16 0.31 0.05 0.33 0.26 0.13 0.16 0.29 0.06 -0.11 0.36 -0.05 0.30 0.32 0.13 0.52 0.28 0.17 0.42 0.33 0.12 0.36 0.31 0.19 0.15 0.24 0.10 0.62 0.34 0.14 0.40 9 10 -0.12 -0.16 0.17 0.16 0.12 0.12 0.10 0.04 0.27 0.28 -0.22 0.21 0.13 0.03 0.46 0.40 0.10 0.08 0.11 0.15 -0.07 -0.22 -0.03 0.13 0.22 0.15 0.18 -0.13 0.13 0.16 0.07 -0.06 0.15 0.06 -0.10 0.18 11 12 0.01 -0.14 -0.03 0.19 -0.09 0.28 -0.05 0.23 0.01 0.19 0.15 0.30 0.07 0.33 -0.06 0.37 -0.12 0.27 -0.36 0.25 -0.02 0.20 -0.03 0.22 -0.17 0.32 0.27 0.10 -0.12 0.20 -0.21 0.34 0.16 0.25 13 -0.56 0.84 1.43 1.08 0.80 1.59 1.52 1.79 1.19 1.41 1.66 0.74 1.39 1.16 0.47 0.43 1.01 0.03 0.30 0.71 0.78 0.80 0.05 0.06 0.01 0.37 0.23 0.37 0.03 0.04 0.20 -0.50 0.38 -0.01 -0.06 1.53 0.84 0.21 0.08 0.09 1.03 -0.02 0.42 0.07 0.07 Percentage points at annual rates: Goods............................................. Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear............. Gasoline and other energy goods ................................. Other nondurable goods.......... Services......................................... Household consumption expenditures (for services)...... Housing and utilities................ Health care.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........... Gross output of nonprofit institutions 2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Addenda: PCE excluding food and energy 4 Energy goods and services 5...... Market-based PCE 6................... Market-based PCE excluding food and energy6............................ 14 15 16 17 18 -0.58 0.21 0.28 -0.31 -0.13 0.82 0.23 0.22 -0.03 0.05 1.42 0.24 0.44 0.07 0.08 0.94 0.14 0.44 0.04 0.05 0.79 0.27 -0.16 0.01 0.12 1.49 -0.02 0.61 0.06 -0.08 1.68 0.40 0.65 0.08 0.21 1.88 0.41 0.63 0.07 0.12 1.24 0.08 0.36 0.03 -0.08 1.35 0.24 0.43 0.13 0.22 1.23 0.47 -0.13 0.09 0.10 19 -0.25 0.09 0.24 0.22 0.23 0.19 0.15 0.20 0.31 0.29 0.21 0.25 0.26 0.15 0.08 0.40 0.16 0.06 0.46 0.04 -0.14 0.18 -0.07 0.41 -0.24 -0.05 -0.51 0.13 -0.01 0.02 0.39 -0.25 0.28 0.14 20 21 -0.19 -0.19 0.15 0.09 0.22 0.13 -0.10 0.15 22 0.02 0.02 0.01 23 0.17 0.14 0.14 24 0.15 0.11 25 26 27 -1.48 0.04 -1.42 28 -1.34 0.03 0.96 -0.19 0.79 0.04 0.03 1.29 -0.17 0.79 -0.02 0.08 0.31 0.02 0.61 0.12 -0.02 0.22 0.31 0.14 0.33 0.21 0.14 0.01 0.10 -0.16 -0.10 -0.05 0.06 0.43 -0.22 0.10 0.37 0.09 0.23 -0.51 -0.32 0.31 -0.11 0.46 0.27 0.26 -0.08 0.15 -0.01 0.37 0.57 0.14 0.45 0.13 -0.32 0.00 0.13 0.18 -0.12 0.36 0.43 0.36 -0.04 0.09 -0.44 0.59 0.48 -0.24 0.36 -0.10 0.19 0.32 1.75 0.05 1.77 2.55 -0.13 2.35 2.20 -0.10 2.10 1.65 0.18 1.89 3.46 0.02 2.63 2.36 0.28 2.50 3.72 0.07 4.14 2.35 -0.37 1.88 1.82 -0.45 1.46 1.98 0.18 1.56 2.86 -0.44 2.44 3.25 -0.56 2.55 0.84 0.87 1.98 1.54 0.03 1.81 2.34 -0.73 1.74 1.14 0.96 2.39 1.92 -0.05 1.92 1.56 2.35 2.10 1.44 2.83 2.09 3.60 2.15 1.80 1.46 2.91 2.89 0.93 1.65 2.40 1.27 2.08 0.00 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased tor off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. 90 Personal Income and Outlays September 2013 Table 2.3.3. Real Personal Consumption Expenditures by Major Type of Product, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2010 2012 I Personal consumption expenditures (PCE)........... Goods............................................ Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear.............. Gasoline and other energy goods................................... Other nondurable goods.......... Services.......................................... Household consumption expenditures (for services)...... Housing and utilities................ Health care.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........... Gross output of nonprofit institutions 2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Addenda: PCE excluding food and energy4 Energy goods and services 5...... Market-based PCE 6................... Market-based PCE excluding food and energy6............................ II 2012 2011 III IV I II III IV I II 2013 III IV I II 1 100.000 101.960 104.555 106.854 100.736 101.548 102.243 103.313 103.844 104.226 104.765 105.386 106.145 106.643 107.092 107.537 108.138 108.612 2 100.000 103.446 106.925 110.495 101.517 102.801 103.773 105.691 106.391 106.446 106.777 108.084 109.298 109.889 110.888 111.904 112.928 113.810 3 100.000 106.092 113.074 121.833 102.135 105.177 106.884 110.172 111.631 111.402 112.812 116.453 119.195 120.060 122.484 125.591 127.379 129.278 4 100.000 102.002 107.048 114.798 96.577 100.837 102.741 107.853 108.886 104.084 104.500 110.721 113.647 112.381 114.634 118.531 120.031 119.776 5 100.000 107.037 112.959 119.833 103.956 106.994 107.523 109.674 110.343 111.891 113.360 116.241 118.483 118.756 120.391 121.704 122.936 125.531 6 100.000 110.873 121.966 135.248 106.682 109.893 112.244 114.671 117.623 120.226 123.157 126.858 130.222 133.296 136.980 140.495 143.248 147.311 7 100.000 104.237 109.798 116.098 102.549 102.728 104.579 107.091 107.950 110.091 111.023 110.126 112.187 115.027 116.971 120.206 121.912 124.261 8 100.000 102.226 104.177 105.594 101.218 101.699 102.338 103.647 104.020 104.199 104.077 104.409 104.988 105.463 105.877 106.047 106.762 107.233 9 100.000 102.145 103.750 105.120 102.100 101.378 101.802 103.298 103.612 103.990 103.746 103.652 10 100.000 105.274 109.283 110.562 103.054 104.745 104.993 108.305 108.967 110.271 108.373 109.519 104.397 104.998 105.426 105.659 106.184 105.825 110.817 109.710 111.107 110.615 111.098 112.648 11 100.000 99.199 96.739 95.419 98.181 99.312 99.891 99.410 98.566 96.255 96.160 95.974 94.875 96.565 95.770 94.468 95.510 95.701 12 100.000 102.310 105.822 108.709 100.842 101.750 102.758 103.889 104.742 105.535 106.157 106.854 107.861 108.193 108.833 109.948 110.762 111.763 13 100.000 101.244 103.411 105.090 100.359 100.944 101.507 102.168 102.615 103.155 103.795 104.079 104.616 105.070 105.252 105.421 105.818 106.098 14 15 16 17 18 100.000 100.000 100.000 100.000 100.000 101.262 101.237 101.340 99.107 101.318 103.510 102.521 104.050 101.593 103.403 105.039 100.325 100.897 101.549 102.278 102.764 103.302 103.328 100.859 100.826 101.356 101.906 102.014 102.344 106.820 99.917 100.831 101.825 102.789 103.338 104.013 102.863 98.239 98.784 99.429 99.979 100.254 101.412 104.889 100.814 100.278 101.699 102.481 101.890 103.368 19 100.000 101.545 105.614 109.403 100.458 101.227 101.830 102.663 103.971 103.795 102.995 103.799 102.198 104.078 104.181 102.730 105.050 102.509 104.277 105.215 106.092 107.179 104.703 102.488 106.310 102.366 104.793 105.022 103.626 106.389 102.883 104.883 105.175 103.959 106.988 103.134 105.165 105.256 103.239 107.592 103.070 104.714 105.884 104.438 107.932 103.820 105.333 106.308 104.404 108.621 104.453 105.859 108.308 108.963 109.305 111.036 111.713 111.993 20 100.000 102.083 105.148 103.764 100.349 102.391 102.289 103.301 104.413 104.509 106.095 105.574 105.319 104.466 102.665 102.607 103.983 104.966 21 100.000 100.989 102.469 104.208 100.327 100.670 101.281 101.679 102.282 102.286 102.393 102.914 104.122 103.964 104.350 104.397 103.650 104.060 22 100.000 100.821 101.044 106.380 101.167 102.064 100.505 99.549 99.073 99.653 103.820 101.631 102.528 106.281 107.182 109.528 104.186 23 100.000 101.255 102.555 105.550 99.999 101.067 101.678 102.275 102.073 102.433 102.412 103.301 104.677 105.002 106.107 106.415 24 100.000 101.402 103.059 105.299 99.615 103.183 103.071 101.959 103.848 105.378 100.739 102.071 103.356 100.859 105.610 105.598 104.604 105.774 105.438 106.058 107.093 25 100.000 102.010 105.024 107.701 100.654 101.648 102.329 103.407 104.103 104.647 105.241 106.106 107.092 107.347 107.820 108.544 108.896 109.495 26 100.000 100.876 98.599 96.830 100.083 100.164 101.469 101.788 100.125 98.224 98.945 97.103 94.743 98.493 98.623 95.462 99.617 99.386 27 100.000 102.005 104.714 107.193 100.796 101.538 102.252 103.436 103.982 104.412 104.871 105.590 106.346 106.937 107.482 108.008 108.731 109.318 28 100.000 102.069 105.282 108.234 100.710 101.651 102.352 103.565 104.304 104.928 105.437 106.457 107.476 107.805 108.395 109.259 109.715 110.468 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas services. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. September 2013 91 S u r v ey o f C u r r e n t B u sin ess Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Personal consumption expenditures (PCE)........... Goods............................................ Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear............. Gasoline and other energy goods................................. Other nondurable goods.......... Services......................................... Household consumption expenditures (for services)...... Housing and utilities................ Healthcare.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........... Gross output of nonprofit institutions2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Addenda: PCE excluding food and energy4 Energy goods and services 5...... Market-based PCE 6................... Market-based PCE excluding food and energy6............................ II 2011 III IV I II 2012 III IV I II 2013 III IV 1 II 1 100.000 101.654 104.086 106.009 101.282 101.398 101.698 102.239 102.996 103.938 104.529 104.880 105.471 105.750 106.193 106.622 106.909 106.917 2 100.000 101.637 105.345 106.666 101.786 101.147 101.307 102.308 103.804 105.395 106.068 106.112 106.681 106.366 106.718 106.900 106.641 105.740 3 100.000 98.622 97.649 96.467 99.506 98.902 98.275 97.803 97.606 97.947 97.797 97.248 97.087 96.791 96.246 95.746 95.487 95.016 4 100.000 105.735 108.645 110.375 104.946 105.543 106.175 106.278 106.791 108.646 109.660 109.483 109.728 110.755 110.555 110.460 110.707 111.048 5 100.000 95.761 94.247 93.972 97.550 96.321 95.041 94.132 94.108 94.465 94.508 93.905 94.324 94.202 93.910 93.454 93.438 92.770 6 100.000 92.854 86.679 81.424 95.335 93.593 91.938 90.550 88.896 87.449 85.890 84.480 83.355 82.002 80.729 79.611 78.621 77.390 7 100.000 100.430 103.601 104.174 99.839 100.247 100.330 101.305 102.433 103.535 103.872 104.566 104.792 103.941 103.966 103.999 104.015 104.010 8 100.000 103.085 109.128 111.765 102.868 102.216 102.763 104.492 106.833 109.050 110.138 110.491 111.448 111.127 111.964 112.522 112.264 111.126 9 100.000 100.309 104.276 106.657 99.904 100.183 100.357 100.791 102.240 103.809 105.146 105.907 106.287 106.496 106.682 107.163 107.503 107.647 10 100.000 99.347 101.000 104.651 100.067 99.329 99.272 98.719 99.120 99.800 102.200 102.880 103.629 104.720 104.850 105.405 105.729 105.019 11 100.000 118.140 148.588 153.621 117.521 12 100.000 101.954 103.599 105.312 101.671 112.412 115.069 127.557 140.171 151.240 152.422 150.517 154.412 149.254 153.961 156.856 153.941 144.485 101.694 102.115 102.334 102.877 103.437 103.756 104.324 104.971 105.122 105.622 105.535 105.316 105.372 13 100.000 101.663 103.463 105.689 101.038 101.521 101.890 102.204 102.596 103.217 103.768 104.271 104.872 105.450 105.939 106.493 107.060 107.536 14 15 16 17 18 100.000 100.000 100.000 100.000 100.000 105.124 102.847 105.560 106.410 104.762 105.727 103.322 106.044 106.746 105.284 103.348 101.411 104.210 104.437 102.685 19 100.000 101.330 103.887 106.842 100.667 101.159 101.522 101.971 102.531 103.567 104.544 104.908 105.829 106.740 107.197 107.601 108.194 109.074 20 100.000 103.993 105.966 110.057 102.648 103.885 104.460 104.980 105.003 105.422 106.296 107.144 108.405 109.337 110.786 111.701 21 100.000 102.413 104.250 106.415 101.547 102.295 102.799 103.011 103.313 103.971 104.559 105.155 105.726 106.457 106.480 106.996 111.682 111.932 108.083 108.628 98.946 99.642 98.932 101.135 100.068 101.754 101.538 100.384 102.014 100.311 102.783 102.055 101.433 102.727 100.891 103.589 103.728 101.999 103.628 101.683 104.399 104.730 102.808 105.980 103.616 106.286 106.750 105.622 101.654 100.172 102.318 101.916 101.019 102.320 100.444 103.214 102.589 101.465 22 100.000 101.781 100.249 102.517 102.024 101.075 98.794 98.440 99.021 99.527 99.548 100.188 103.958 101.992 104.683 105.004 103.009 99.359 104.478 102.440 105.113 105.752 103.539 99.475 99.016 99.022 106.259 103.789 106.596 106.744 106.022 98.532 106.809 104.507 106.946 107.100 106.421 99.156 107.422 105.162 107.560 107.780 106.904 107.811 105.994 107.454 107.305 107.018 98.674 101.255 23 100.000 101.830 103.784 105.479 101.204 101.576 102.066 102.473 102.968 103.727 103.979 104.464 104.738 105.259 105.686 106.234 106.816 107.458 24 100.000 102.826 105.211 107.736 102.033 102.661 103.119 103.493 104.146 104.947 105.570 106.183 106.706 107.406 108.155 108.676 109.630 109.626 25 100.000 101.287 102.743 104.632 100.911 101.179 101.427 101.632 101.959 102.522 103.039 103.452 104.010 104.482 104.849 105.187 105.542 105.756 26 100.000 110.072 127.427 129.209 109.827 107.026 108.433 115.002 122.295 129.107 129.883 128.422 130.000 126.732 129.013 131.090 129.969 125.894 27 100.000 101.497 104.034 105.920 101.195 101.237 101.512 102.043 102.889 103.894 104.511 104.842 105.447 105.672 106.101 106.460 106.800 106.733 28 100.000 101.047 102.480 104.320 100.752 100.957 101.169 101.311 101.678 102.257 102.793 103.192 103.761 104.199 104.538 104.783 105.210 105.365 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (tor example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Personal Income and Outlays 92 September 2013 Table 2.3.5. Personal Consumption Expenditures by Major Type of Product [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 Personal consumption expenditures (PCE)........... Goods............................................ Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear.............. Gasoline and other energy goods................................... Other nondurable goods.......... Services.......................................... Household consumption expenditures (for services)...... Housing and utilities................ Health care.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........... Gross output of nonprofit institutions2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Addenda: PCE excluding food and energy 4 Energy goods and services 5...... Market-based PCE 6 ................... Market-based PCE excluding food and energy6............................ 1 2 3 4 2011 2010 I II III IV I II 2012 III IV I II 2013 III IV I II 9,842.9 10,201.9 10,711.8 11,149.6 10,042.3 10,134.7 10,234.3 10,396.3 10,527.1 10,662.6 10,778.6 10,878.9 11,019.1 11,100.2 11,193.6 11,285.5 11,379.2 11,429.9 3,198.4 3,362.8 3,602.7 3,769.7 3,304.9 3,325.6 3,362.4 3,458.4 3,532.2 3,588.2 3,622.3 3,668.2 3,729.3 3,738.4 3,784.9 3,826.1 3,851.8 3,849.1 1,023.3 1,070.7 1,129.9 1,202.7 1,040.2 1,064.7 1,075.1 1,102.8 1,115.1 1,116.6 1,129.0 1,158.9 1,184.3 1,189.3 1,206.5 1,230.7 1,244.8 1,257.2 337.4 363.4 368.7 395.4 368.7 401.7 321.3 345.8 358.6 363.4 384.4 394.6 401.8 415.1 421.3 421.7 317.1 342.0 5 244.3 250.4 260.1 275.1 247.8 251.9 249.7 252.3 253.7 258.2 261.7 266.7 273.0 273.3 276.2 277.9 280.7 284.5 6 7 8 303.8 158.2 2,175.1 312.7 165.6 2,292.1 321.1 179.9 2,472.8 334.5 191.3 2,567.0 309.1 161.9 2,264.7 312.6 162.9 2,260.9 313.6 165.9 2,287.3 315.6 171.6 2,355.6 317.8 174.9 2,417.1 319.6 180.3 2,471.5 321.5 182.4 2,493.3 325.7 182.1 2,509.3 329.9 186.0 2,545.0 332.2 189.1 2,549.2 336.1 192.4 2,578.4 339.9 197.8 2,595.4 342.3 200.6 2,607.0 346.5 204.5 2,591.9 9 10 770.0 306.5 788.9 320.6 833.0 338.3 863.3 354.6 785.4 316.1 782.0 318.9 786.6 319.5 801.6 327.7 815.6 331.1 831.2 337.3 839.9 339.5 845.2 345.3 854.3 352.0 861.0 352.1 866.0 357.1 871.8 357.4 878.9 360.0 877.1 362.6 11 12 284.5 814.2 333.4 849.2 408.9 892.6 417.0 932.1 328.5 834.7 317.6 842.4 326.9 854.3 360.7 865.5 393.1 877.3 414.3 888.7 417.2 896.7 411,2 907.6 416.9 921.8 410.1 926.0 419.5 935.9 421.6 944.7 418.3 949.7 393.4 958.8 13 6,644.5 6,839.1 7,109.1 7,379.9 6,737.4 6,809.1 6,871.9 6,937.9 6,995.0 7,074.4 7,156.3 7,210.7 7,289.7 7,361.8 7,408.7 7,459.4 7,527.4 7,580.8 6,597.1 1,912.4 1,703.1 294.0 387.9 6,664.4 1,925.3 1,726.4 297.1 391.0 6,722.7 1,935.9 1,742.0 301.2 390.7 6,798.8 1,952.2 1,763.9 306.8 399.1 6,871.6 1,975.9 1,768.3 310.9 403.1 6,931.6 1,979.5 1,796.9 314.0 405.9 7,009.5 1,982.7 1,826.2 315.5 412.8 7,071.3 2,013.9 1,835.9 318.1 415.2 7,117.2 2,029.5 1,855.9 318.9 419.2 7,159.6 2,029.4 1,872.5 319.8 419.0 7,243.6 2,065.8 1,889.2 324.2 423.4 7,299.0 2,081.5 1,899.4 324.7 426.0 620.6 628.4 639.9 654.1 665.8 674.9 688.1 698.2 703.4 717.2 725.6 733.3 779.6 916.6 788.2 924.7 792.1 930.7 813.3 947.0 820.9 963.4 821.3 968.6 817.9 972.4 824.2 977.5 835.1 980.4 844.8 989.2 14 15 16 17 18 6,368.5 1,881.0 1,627.4 289.7 376.0 6,563.7 1,909.0 1,690.7 292.9 385.1 6,831.2 1,960.9 1,767.8 308.2 399.7 7,089.4 2,013.9 1,847.6 318.1 416.6 6,461.6 1,898.4 1,654.5 289.0 380.5 6,531.7 1,899.8 1,678.8 291.7 380.9 19 600.3 617.7 658.7 701.7 607.1 614.7 740.5 891.5 764.7 901.2 20 21 719.0 875.1 763.2 905.1 801.1 934.8 821.0 970.4 768.1 911.1 810.8 936.9 22 276.0 275.4 277.9 290.5 275.9 277.3 274.7 273.5 272.2 275.6 284.7 279.1 280.2 290.5 291.5 299.8 283.8 281.9 23 1,072.6 1,105.9 1,141.6 1,194.1 1,085.4 1,101.0 1,113.1 1,124.0 1,127.3 1,139.6 1,142.1 1,157.4 1,175.9 1,185.4 1,202.7 1,212.5 1,209.9 1,217.0 24 796.5 830.5 863.7 903.6 809.6 823.7 838.3 850.6 855.0 864.0 857.4 878.3 895.7 894.9 911.2 912.7 926.1 935.1 25 26 27 8,573.3 499.6 8,705.5 8,858.2 554.8 9,013.0 9,251.1 627.7 9,483.6 9,661.2 625.1 9,884.1 8,707.8 549.2 8,879.4 8,817.2 535.5 8,948.4 8,898.0 549.6 9,035.8 9,009.9 584.8 9,188.2 9,099.7 611.8 9,313.3 9,197.7 633.7 9,443.1 9,296.5 642.2 9,541.0 9,410.5 623.2 9,636.9 9,549.2 615.5 9,761.9 9,615.5 623.8 9,837.3 9,691.9 9,788.4 9,853.3 9,927.6 635.8 625.3 647.0 625.2 9,927.5 10,009.8 10,109.1 10,157.3 28 7,436.3 7,669.7 8,023.2 8,396.3 7,545.3 7,631.3 7,700.0 7,802.2 7,886.2 7,978.6 8,059.2 8,168.9 8,292.6 8,353.1 8,426.3 8,513.2 8,583.7 8,655.4 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. September 2013 93 S u r v e y o f C u r r e n t B u sin ess Table 2.3.6. Real Personal Consumption Expenditures by Major Type of Product, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Personal consumption expenditures (PCE)........... Goods............................................ Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear............. Gasoline and other energy goods ................................. Other nondurable goods.......... Services......................................... Household consumption expenditures (for services)...... Housing and utilities................ Healthcare.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs) ’ ........... Gross output of nonprofit institutions 2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Residual......................................... Addenda: PCE excluding food and energy 4 Energy goods and services5...... Market-based PCE 6................... Market-based PCE excluding food and energy6............................ II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 9,842.9 10,035.9 10,291.3 10,517.6 9,915.4 9,995.3 10,063.7 10,169.0 10,221.3 10,258.9 10,311.9 10,373.1 10,447.8 10,496.8 10,541.0 10,584.8 10,644.0 10,690.6 2 3 4 3,198.4 1,023.3 317.1 3,308.7 1,085.7 323.4 3,419.9 1,157.1 339.4 3,534.1 1,246.7 364.0 3,247.0 1,045.2 306.2 3,288.0 1,076.3 319.7 3,319.1 1,093.8 325.7 3,380.5 1,127.4 342.0 3,402.8 1,142.3 345.2 3,404.6 1,140.0 330.0 3,415.2 1,154.4 331.3 3,457.0 1,191.7 351.1 3,495.8 1,219.7 360.3 3,514.7 1,228.6 356.3 3,546.7 1,253.4 363.5 3,579.2 1,285.2 375.8 3,611.9 1,303.5 380.6 3,640.1 1,322.9 379.8 5 244.3 261.5 276.0 292.8 254.0 261.4 262.7 267.9 269.6 273.4 277.0 284.0 289.5 290.1 294.1 297.3 300.3 306.7 6 7 8 303.8 158.2 2,175.1 336.8 164.9 2,223.5 370.5 173.7 2,266.0 410.9 183.6 2,296.8 324.1 162.2 2,201.6 333.8 162.5 2,212.1 341.0 165.4 2,226.0 348.3 169.4 2,254.5 357.3 170.8 2,262.6 365.2 174.1 2,266.5 374.1 175.6 2,263.8 385.4 174.2 2,271.0 395.6 177.5 2,283.6 404.9 181.9 2,293.9 416.1 185.0 2,303.0 426.8 190.1 2,306.7 435.2 192.8 2,322.2 447.5 196.6 2,332.4 9 10 770.0 306.5 786.5 322.7 798.8 335.0 809.4 338.9 786.1 315.9 780.6 321.0 783.8 321.8 795.4 332.0 797.8 334.0 800.7 338.0 798.8 332.2 798.1 335.7 803.8 339.7 808.4 336.3 811.7 340.5 813.5 339.0 817.6 340.5 814.8 345.3 11 12 284.5 814.2 282.2 833.0 275.2 861.6 271.5 885.1 279.3 821.0 282.5 828.4 284.2 836.6 282.8 845.8 280.4 852.8 273.8 859.2 273.6 864.3 273.0 870.0 269.9 878.2 274.7 880.9 272.5 886.1 268.8 895.2 271.7 901.8 272.3 909.9 13 6,644.5 6,727.2 6,871.1 6,982.7 6,668.3 6,707.2 6,744.6 6,788.5 6,818.2 6,854.1 6,896.6 6,915.5 6,951.2 6,981.4 6,993.4 7,004.7 7,031.1 7,049.7 14 15 16 17 18 6,368.5 1,881.0 1,627.4 289.7 376.0 6,448.9 1,904.3 1,649.2 287.1 381.0 6,592.0 1,928.4 1,693.3 294.3 388.8 6,689.4 1,943.6 1,738.4 298.0 394.4 6,389.2 1,897.2 1,626.0 284.6 379.1 6,425.6 1,896.5 1,640.9 286.2 377.0 6,467.1 1,906.5 1,657.1 288.0 382.4 6,513.5 1,916.8 1,672.8 289.6 385.3 6,544.5 1,918.9 1,681.7 290.4 383.1 6,578.8 1,925.1 1,692.7 293.8 388.7 6,610.1 1,937.3 1,689.2 296.1 391.3 6,634.7 1,932.4 1,709.6 297.0 392.1 6,668.0 1,927.8 1,730.1 296.5 394.0 6,688.3 1,949.2 1,731.4 298.0 394.4 6,698.0 1,955.5 1,741.1 298.8 395.4 6,703.2 1,941.9 1,750.9 298.6 393.7 6,743.2 1,964.5 1,756.5 300.8 396.1 6,770.2 1,963.8 1,767.7 302.6 398.0 19 600.3 609.6 634.0 656.8 603.1 607.7 611.3 616.3 624.2 631.6 636.9 643.4 650.2 654.1 656.2 666.6 670.7 672.3 20 21 719.0 875.1 733.9 883.8 756.0 896.7 746.0 911.9 721.5 878.0 736.1 881.0 735.4 886.3 742.7 889.8 750.7 895.1 751.4 895.1 762.8 896.1 759.0 900.6 757.2 911.2 751.1 909.8 738.1 913.2 737.7 913.6 747.6 907.1 754.7 910.7 22 276.0 278.3 278.9 293.6 279.2 281.7 277.4 274.8 273.5 275.1 286.6 280.5 283.0 293.4 295.8 302.3 287.6 278.4 23 1,072.6 1,086.0 1,100.0 1,132.1 1,072.6 1,084.0 1,090.6 1,097.0 1,094.8 1,098.7 1,098.4 1,108.0 1,122.7 1,126.2 1,138.1 1,141.4 1,132.7 1,132.6 24 25 796.5 -0.3 807.7 -2.3 820.9 -9.5 838.8 -21.0 793.5 -2.0 802.4 -1.6 813.0 -2.1 821.9 -3.0 821.0 -4.5 823.3 -9.3 812.2 -10.9 827.2 -13.3 839.4 -17.0 833.2 -17.7 842.5 -22.4 839.9 -26.2 844.8 -27.7 853.0 -31.7 26 27 28 8,573.3 499.6 8,705.5 8,745.6 504.0 8,880.1 9,004.1 492.6 9,115.8 9,233.5 483.8 9,331.7 8,629.4 500.0 8,774.8 8,714.7 500.5 8,839.4 8,773.0 507.0 8,901.5 8,865.4 508.6 9,004.6 8,925.1 500.3 9,052.2 8,971.7 490.8 9,089.6 9,022.7 494.4 9,129.5 9,096.8 485.2 9,192.1 9,181.3 473.4 9,257.9 9,203.2 492.1 9,309.4 9,243.7 492.8 9,356.9 9,305.9 477.0 9,402.6 9,336.0 497.7 9,465.6 9,387.4 496.6 9,516.7 29 7,436.3 7,590.2 7,829.1 8,048.6 7,489.1 7,559.1 7,611.2 7,701.4 7,756.3 7,802.8 7,840.6 7,916.5 7,992.2 8,016.7 8,060.6 8,124.8 8,158.8 8,214.8 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. N ote . Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. 94 September 2013 Personal Income and Outlays Table 2.3.7. Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major Type of Product [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 I Personal consumption expenditures (PCE)........... Goods............................................. Durable goods............................. Motor vehicles and parts......... Furnishings and durable household equipment.......... Recreational goods and vehicles............................... Other durable goods................ Nondurable goods....................... Food and beverages purchased for off-premises consumption Clothing and footwear.............. Gasoline and other energy goods................................... Other nondurable goods.......... Services......................................... Household consumption expenditures (for services)...... Housing and utilities................ Health care.............................. Transportation services........... Recreation services................. Food services and accommodations................. Financial services and insurance............................. Other services......................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........... Gross output of nonprofit institutions 2......................... Less: Receipts from sales of goods and services by nonprofit institutions 3.......... Addenda: PCE excluding food and energy 4 Energy goods and services 5...... Market-based PCE 6................... Market-based PCE excluding food and energy6............................ 2011 2010 II III IV I II 2012 III IV I II 2013 III IV I II 1 -0.1 1.7 2.4 1.8 1.4 0.5 1.2 2.1 3.0 3.7 2.3 1.3 2.3 1.1 1.7 1.6 1.1 0.0 2 3 4 -2.3 -1.7 0.3 1.6 -1.4 5.7 3.6 -1.0 2.8 1.3 -1.2 1.6 1.1 -1.6 6.4 -2.5 -2.4 2.3 0.6 -2.5 2.4 4.0 -1.9 0.4 6.0 -0.8 1.9 6.3 1.4 7.1 2.6 -0.6 3.8 0.2 -2.2 -0.6 2.2 -0.7 0.9 -1.2 -1.2 3.8 1.3 -2.2 -0.7 0.7 -2.1 -0.3 -1.0 -1.1 0.9 -3.3 -2.0 1.2 5 -0.4 -4.2 -1.6 -0.3 -3.6 -4.9 -5.2 -3.8 -0.1 1.5 0.2 -2.5 1.8 -0.5 -1.2 -1.9 -0.1 -2.8 6 7 8 -6.3 1.1 -2.6 -7.1 0.4 3.1 -6.7 3.2 5.9 -6.1 0.6 2.4 -6.6 -3.5 2.4 -7.1 1.6 -2.5 -6.9 0.3 2.2 -5.9 3.9 6.9 -7.1 4.5 9.3 -6.4 4.4 8.6 -6.9 1.3 4.1 -6.4 2.7 1.3 -5.2 0.9 3.5 -6.3 -3.2 -1.1 -6.1 0.1 3.0 -5.4 0.1 2.0 -4.9 0.1 -0.9 -6.1 0.0 -4.0 9 10 1.2 0.9 0.3 -0.7 4.0 1.7 2.3 3.6 1.6 -0.3 1.1 -2.9 0.7 -0.2 1.7 -2.2 5.9 1.6 6.3 2.8 5.3 10.0 2.9 2.7 1.4 2.9 0.8 4.3 0.7 0.5 1.8 2.1 1.3 1.2 0.5 -2.7 11 12 -27.2 4.6 18.1 2.0 25.8 1.6 3.4 1.7 9.2 1.6 -16.3 0.1 9.8 1.7 51.0 0.9 45.8 2.1 35.5 2.2 3.2 1.2 -4.9 2.2 10.8 2.5 -12.7 0.6 13.2 1.9 7.7 -0.3 -7.2 -0.8 -22.4 0.2 13 1.1 1.7 1.8 2.2 1.5 1.9 1.5 1.2 1.5 2.4 2.2 2.0 2.3 2.2 1.9 2.1 2.1 1.8 14 15 16 17 18 1.3 1.1 2.7 3.1 1.2 1.8 0.2 2.5 2.0 1.1 1.8 1.4 1.8 2.7 1.7 2.3 1.9 1.8 1.9 2.7 1.6 0.2 2.3 1.9 -0.5 2.1 0.4 2.2 1.5 2.6 1.4 0.6 1.8 0.5 1.6 1.2 0.5 1.7 2.1 0.1 1.6 1.8 1.5 4.5 2.1 2.4 2.1 2.4 2.8 2.7 2.4 2.3 1.8 2.2 1.3 2.0 1.8 1.7 2.9 2.1 2.5 1.6 1.7 2.5 4.8 2.3 1.9 1.8 1.3 2.0 2.0 1.8 2.1 0.0 2.8 2.1 2.8 1.3 1.3 1.5 2.3 2.5 2.3 2.6 1.8 1.5 3.2 -0.4 -1.8 0.4 19 2.2 1.3 2.5 2.8 0.7 2.0 1.4 1.8 2.2 4.1 3.8 1.4 3.6 3.5 1.7 1.5 2.2 3.3 20 21 -4.4 2.6 4.0 2.4 1.9 1.8 3.9 2.1 4.1 2.5 4.9 3.0 2.2 2.0 2.0 0.8 0.1 1.2 1.6 2.6 3.4 2.3 3.2 2.3 4.8 2.2 3.5 2.8 5.4 0.1 3.3 2.0 -0.1 4.1 0.9 2.0 22 -3.0 -1.1 0.7 -0.7 -1.0 -1.4 2.4 2.1 0.1 2.6 -3.3 0.5 -1.8 0.0 -2.0 2.6 -1.9 10.9 23 1.4 1.8 1.9 1.6 1.7 1.5 1.9 1.6 1.9 3.0 1.0 1.9 1.1 2.0 1.6 2.1 2.2 2.4 24 3.0 2.8 2.3 2.4 2.6 2.5 1.8 1.5 2.5 3.1 2.4 2.3 2.0 2.6 2.8 1.9 3.6 0.0 25 26 27 1.2 -19.0 0.4 1.3 10.1 1.5 1.4 15.8 2.5 1.8 1.4 1.8 1.0 6.7 1.1 1.1 -9.8 0.2 1.0 5.4 1.1 0.8 26.5 2.1 1.3 27.9 3.4 2.2 24.2 4.0 2.0 2.4 2.4 1.6 -4 A 1.3 2.2 5.0 2.3 1.8 -9.7 0.9 1.4 7.4 1.6 1.3 6.6 1.4 1.4 -3.4 1.3 0.8 -12.0 -0.3 28 1.9 1.0 1.4 1.8 0.7 0.8 0.8 0.6 1.5 2.3 2.1 1.6 2.2 1.7 1.3 0.9 1.6 0.6 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, to government, and to the rest of the world; includes membership dues and fees. 4. Food consists of food and beverages purchased for off-premises consumption; food sen/ices, which include purchased meals and beverages, are not classified as food. 5. Consists of gasoline and other energy goods and of electricity and gas. 6. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed transactions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. September 2013 95 S u r v ey o f C u r r e n t B u sin ess Table 2.4.3. Real Personal Consumption Expenditures by Type of Product, Quantity Indexes [Index numbers, 2009=100] Line Personal consumption expenditures........................ Goods...................................................................................... 2009 2010 2011 1 100.000 101.960 104.555 106.854 2 106.925 110.495 100.000 Durable g oods.................................................................... 3 100.000 103.446 106.092 Motor vehicles and parts............................................... New motor vehicles (55)............................................... Net purchases of used motor vehicles (56)................... Motor vehicle parts and accessories (58)..................... 4 5 6 7 100.000 100.000 100.000 100.000 102.002 107.829 91.346 105.097 107.048 119.576 86.934 109.013 121.833 114.798 133.966 87.779 110.276 Furnishings and durable household equipment.......... Furniture and furnishings (parts of 31 and 32).............. Household appliances (part of 33)............................... Glassware, tableware, and household utensils (34)...... Tools and equipment for house and garden (35)........... 8 9 10 11 12 100.000 100.000 100.000 100.000 100.000 107.037 107.787 106.157 106.781 103.545 112.959 113.829 110.678 114.660 107.176 119.833 122.313 108.265 126.228 112.367 Recreational goods and vehicles................................. Video, audio, photographic, and information processing equipment and media (75,76, and part of 93).......... Sporting equipment, supplies, guns, and ammunition (part of 80)............................................................... Sports and recreational vehicles (79)........................... Recreational books (part of 90).................................... Musical instruments (part of 80)................................... 13 100.000 110.873 121.966 135.248 14 100.000 117.394 132.346 150.988 15 16 17 18 100.000 100.000 100.000 100.000 103.851 95.980 103.694 99.966 114.955 97.572 105.851 104.120 123.194 101.883 111.145 114.414 Other durable goods...................................................... Jewelry and watches (part of 119)............................... Therapeutic appliances and equipment (42)................. Educational books (96)................................................ Luggage and similar personal items (part of 119)......... Telephone and facsimile equipment (67)...................... 19 20 21 22 23 24 100.000 100.000 100.000 100.000 100.000 100.000 104.237 101.589 106.255 97.776 109.310 104.109 109.798 103.722 111.575 93.014 127.618 113.135 116.098 109.195 116.586 90.104 143.875 118.654 Nondurable goods.............................................................. 25 100.000 102.226 104.177 105.594 26 100.000 102.145 103.750 105.120 27 100.000 101.594 102.876 103.915 Food and beverages purchased for off-premises consumption............................................................... Food and nonalcoholic beverages purchased for offpremises consumption (4)........................................ Alcoholic beverages purchased for off-premises consumption (5)....................................................... Food produced and consumed on farms (6)................. 113.074 28 29 100.000 100.000 105.639 88.621 109.391 70.270 112.773 102.097 Clothing and footwear................................................... Garments..................................................................... Women’s and girls’ clothing (10).............................. Men’s and boys’ clothing (11)................................... Children’s and infants’ clothing (12).......................... Other clothing materials and footwear (13 and 17)....... 30 31 32 33 34 35 100.000 100.000 100.000 100.000 100.000 100.000 105.274 105.625 105.744 105.732 104.101 103.911 109.283 109.278 109.357 109.116 109.391 109.295 110.562 110.218 111.184 109.053 107.526 111.910 Gasoline and other energy goods................................ Motor vehicle fuels, lubricants, and fluids (59).............. Fuel oil and other fuels (29)......................................... 36 37 38 100.000 100.000 100.000 99.199 99.855 92.122 96.739 98.154 81.496 95.419 97.502 72.946 Other nondurable goods............................................... Pharmaceutical and other medical products (40 and 41) Recreational items (parts of 80,92, and 93)................. Household supplies (parts of 32 and 36)...................... Personal care products (part of 118)............................. Tobacco (127)............................................................... Magazines, newspapers, and stationery (part of 90).... Net expenditures abroad by U.S. residents (131).......... 39 40 41 42 43 44 45 46 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.310 100.486 106.591 104.112 105.658 96.299 107.064 105.822 102.691 112.484 108.485 111.672 94.873 115.290 108.709 104.249 121.657 112.398 115.257 93.276 119.670 Services................................................................................... 47 100.000 101.244 103.411 105.090 Household consumption expenditures (for services)..... 48 100.000 101.262 103.510 105.039 Housing and utilities...................................................... Housing........................................................................ Rental of tenant-occupied nonfarm housing (20)...... Imputed rental of owner-occupied nonfarm housing (21)....................................................................... Rental value of farm dwellings (22)........................... Group housing (23).................................................. Household utilities........................................................ Water supply and sanitation (25).............................. Electricity and gas.................................................... 49 50 51 100.000 100.000 100.000 101.237 101.079 103.460 102.521 102.855 109.871 103.328 104.200 114.476 52 53 54 55 56 57 100.000 100.000 100.000 100.000 100.000 100.000 100.395 99.634 101.642 102.098 98.751 103.293 100.825 99.040 108.392 100.719 98.863 101.353 101.214 98.472 122.268 98.587 98.052 98.696 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). Line 2012 2009 2010 2011 2012 Electricity (27)...................................................... Natural gas (28)................................................... 58 59 100.000 100.000 106.048 95.769 104.055 93.974 101.990 89.493 Health care..................................................................... Outpatient services.. Physician services (44)............................................ Dental services (45) Paramedical services (46)....................................... Hospital and nursing home services............................ Hospitals (51)..... Nursing homes (52)................................................. 60 61 62 63 64 65 66 67 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.340 100.896 100.087 99.620 102.698 101.714 101.606 102.258 104.050 103.284 102.385 99.487 106.278 104.693 104.754 104.378 106.820 105.924 104.944 99.662 110.087 107.571 108.500 102.823 Transportation services................................................ Motor vehicle services................................................. Motor vehicle maintenance and repair (60).............. Other motor vehicle services (61)............................. Public transportation.................................................... Ground transportation (63)...................................... Air transportation (64).............................................. Water transportation (65)......................................... 68 69 70 71 72 73 74 75 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 99.107 100.076 100.185 99.805 96.601 98.800 94.260 106.283 101.593 103.943 104.304 103.023 95.676 100.630 90.786 112.485 102.863 106.154 105.333 108.350 94.703 95.270 92.552 124.077 Recreation services....................................................... Membership clubs, sports centers, parks, theaters, and museums (82).......................................................... Audio-video, photographic, and information processing equipment services (parts of 77 and 93).................. Gambling (91).............................................................. Other recreational services (81,94, and part of 92)..... 76 100.000 101.318 103.403 104.889 Food services and accommodations........................... Food services.............................................................. Purchased meals and beverages (102).................... Food furnished to employees (including military) (103).......................... Accommodations (104)...... Financial services and insurance Financial services.............. Financial services furnished without payment (107) Financial service charges, fees, and commissions (108).................................................................... Insurance..................................................................... Life insurance (110)................................................. Net household insurance (111)............................... Net health insurance (112)...................................... Net motor vehicle and other transportation insurance (116).................................................................... Other services................................................................ Communication............................................................ Telecommunication services (71)............................. Postal and delivery services (68).............................. Internet access (72)................................................. Education services...................................................... Higher education (97).............................................. Nursery, elementary, and secondary schools (98).... Commercial and vocational schools (99).................. Professional and other services (121).......................... Personal care and clothing services (14 and parts of 17 and 118).................................................................. Social services and religious activities (120)................ Household maintenance (parts of 31,33, and 36)....... Net foreign travel.......................................................... Foreign travel by U.S. residents (129)...................... Less: Expenditures in the United States by nonresidents (130).............................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs)1................ Gross output of nonprofit institutions (133)2.................... Less: Receipts from sales of goods and services by nonprofit institutions (134)3......................................... 77 100.000 102.415 106.627 108.411 78 79 80 100.000 100.000 100.000 101.675 98.892 103.110 103.588 98.954 103.771 103.873 100.098 107.956 81 82 83 100.000 100.000 100.000 101.545 101.401 101.584 105.614 105.528 105.658 109.403 109.132 109.406 84 85 100.000 100.000 95.578 102.444 101.332 106.158 100.399 111.108 103.764 98.815 100.510 97.047 112.214 123.230 100.897 117.509 86 87 88 100.000 100.000 100.000 102.083 100.221 102.661 105.148 102.502 107.299 89 90 91 92 93 100.000 100.000 100.000 100.000 100.000 97.679 105.257 107.190 100.753 109.077 97.508 109.657 121.571 102.906 111.255 94 100.000 95.583 91.691 88.577 95 96 97 98 99 100 101 102 103 104 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.989 104.211 102.444 93.424 111.227 102.316 102.582 97.604 105.568 97.953 102.469 110.702 106.960 81.505 127.086 104.023 105.276 99.068 103.667 96.669 104.208 116.624 109.893 75.737 143.566 105.083 107.353 97.948 102.710 96.527 105 106 107 108 109 100.000 100.000 100.000 102.422 102.391 96.929 104.563 103.646 100.630 106.802 104.773 105.309 100.000 100.113 98.331 100.482 110 100.000 105.034 110.323 116.455 111 112 100.000 100.000 100.821 101.255 101.044 102.555 106.380 105.550 113 100.000 101.402 103.059 105.299 3. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. N ote . The figures in parentheses are the line numbers of the corresponding items in table 2.5.3. 96 Personal Income and Outlays September 2013 Table 2.4.4. Price Indexes for Personal Consumption Expenditures by Type of Product [Index numbers, 2009=100] Line 2009 2010 2011 1 100.000 101.654 104.086 106.009 Goods......................................................................................... 2 100.000 101.637 105.345 106.666 Durable goo ds....................................................................... 98.622 97.649 96.467 Motor vehicles and parts.................................................. New motor vehicles (55).................................................. Net purchases of used motor vehicles (56)...................... Motor vehicle parts and accessories (58)........................ 4 5 6 7 100.000 100.000 100.000 100.000 105.735 102.072 114.468 101.923 108.645 104.919 116.992 105.593 110.375 106.740 117.835 108.283 Furnishings and durable household equipment............. Furniture and furnishings (parts of 31 and 32)................. Household appliances (part of 33).................................. Glassware, tableware, and household utensils (34)......... Tools and equipment for house and garden (35).............. 8 9 10 11 12 100.000 100.000 100.000 100.000 100.000 95.761 95.157 95.638 97.394 97.265 94.247 93.365 94.364 95.528 98.449 93.972 92.758 98.657 91.666 99.659 13 100.000 92.654 86.679 81.424 14 100.000 89.423 81.031 73.410 Recreational goods and vehicles..................................... Video, audio, photographic, and information processing equipment and media (75,76, and part of 93)............. Sporting equipment, supplies, guns, and ammunition 3 100.000 Sports and recreational vehicles (79)............................... Recreational books (part of 90)....................................... 1S 16 17 18 100.000 97.030 92.427 91.376 100.000 100.434 102.774 104.369 100.000 98.963 96.625 94.749 100.000 100.168 98.035 98 271 Other durable goods......................................................... Jewelry and watches (part of 119)................................... Therapeutic appliances and equipment (42).................... Educational books (96).................................................... Luggage and similar personal items (part of 119)............ Telephone and facsimile equipment (67).......................... 19 ?n 21 ?? 23 24 100.000 100.430 103.601 104.174 100.000 102.207 110.963 112.032 100.000 99.369 99.978 101.039 100.000 104.916 109.858 116.727 100.000 98.888 97.512 97.062 100.000 96.311 93.031 88.037 Nondurable goods................................................................. 25 100.000 103.085 109.128 111.765 Food and beverages purchased for off-premises consumption.................................................................. Food and nonalcoholic beverages purchased for offpremises consumption (4)........................................... Alcoholic beverages purchased for off-premises consumption (5)........................................................... Food produced and consumed on farms (6).................... ?fi 100.000 100.418 100.918 101.758 29 100.000 113.058 134.599 136.849 Clothing and footwear....................................................... Garments........................................................................ Women’s and girls’ clothing (10)................................. Men’s and boys’ clothing (11)....................................... Children's and infants’ clothing (12)............................. Other clothing materials and footwear (13 and 17).......... 30 31 32 33 34 3b Gasoline and other energy g oods................................... Motor vehicle fuels, lubricants, and fluids (59)................. Fuel oil and other fuels (29)............................................. 36 100.000 118.140 148.588 153.621 3/ 100.000 118.246 148.588 153.850 38 100.000 116.956 148.719 150.635 39 100.000 101.954 103.599 105.312 40 100.000 103.628 107.207 110.613 41 100.000 96.743 95.621 94.272 42 100.000 98.902 98.984 99.244 43 100.000 99.033 98.425 99.361 44 100.000 110.879 114.659 117.230 45 100.000 100.838 101.471 104.979 46 Pharmaceutical and other medical products (40 and 41) Recreational items (parts of 80,92, and 93).................... Household supplies (parts of 32 and 36)......................... Personal care products (part of 118)................................ Tobacco (127)................................... Magazines, newspapers, and stationery (part of 90)....... Net expenditures abroad by U.S. residents (131)............. 26 100.000 100.309 104.276 106.657 ?7 100.000 100.284 104.826 107.472 100.000 99.347 100.000 98.928 100.000 99.073 100.000 98.501 100.000 99.741 100.000 101.006 101.000 100.859 101.009 100.939 99.176 101.560 104.651 104.768 104.548 105.214 104.550 104.206 Services...................................................................................... 47 100.000 101.663 103.463 105.689 Household consumption expenditures (for services)........ 48 100.000 101.781 103.628 105.980 Housing and utilities......................................................... Housing........................................................................... Rental of tenant-occupied nonfarm housing (20)......... Imputed rental of owner-occupied nonfarm housing (21).......................................................................... Rental value of farm dwellings (22).............................. Group housing (23)...................................................... Household utilities........................................................... Water supply and sanitation (25).................................. 49 100.000 100.249 101.683 103.616 50 100.000 100.058 101.404 103.706 51 100.000 100.135 101.790 104.534 b2 b3 54 55 56 100.000 100.000 100.000 100.000 100.000 99.987 102.844 100.231 101.294 106.270 101.146 109.406 101.962 103.219 111.760 103.196 118.104 104.661 103.038 117.963 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). Line 2012 Personal consumption expenditures........................... 2009 2010 2011 2012 Electricity and gas....................................................... Electricity (27).......................................................... Natural gas (28)....................................................... 57 58 59 100.000 100.000 100.000 99.613 100.167 98.039 100.349 102.044 95.363 97.998 102.010 85.977 Health care........... Outpatient services.......................................................... Physician services (44)............................................... Dental services (45).................................................... Paramedical services (46)........................................... Hospital and nursing home services................................ Hospitals (51).............................................................. Nursing homes (52)..................................................... 60 61 62 63 64 65 bb b/ 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.517 104.399 102.197 103.642 102.446 104.019 102.743 105.132 101.591 102.472 102.786 105.032 102.949 105.154 101.969 104.420 106.286 104.893 105.243 107.560 103.320 107.449 107.756 105.880 Transportation services.................................................... Motor vehicle services..................................................... Motor vehicle maintenance and repair (60).................. Other motor vehicle services (61)................................ Public transportation........................................................ Ground transportation (63).......................................... Air transportation (64).................................................. Water transportation (65)............................................. 68 69 70 /1 /b 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.024 100.645 101.918 97.534 105.750 104.329 107.236 101.134 104.730 101.974 104.034 96.930 112.327 109.351 115.713 100.208 106.750 103.230 105.867 96.794 116.577 112.808 121.195 97.444 Recreation services........................................................... Membership clubs, sports centers, parks, theaters, and museums (82).............................................................. Audio-video, photographic, and information processing equipment services (parts of 77 and 93)...................... Gambling (91).................................................................. Other recreational services (81,94, and part of 92)......... 76 100.000 101.075 102.808 105.622 Food services and accommodations............................... Food services.................................................................. Purchased meals and beverages (102)........................ Food furnished to employees (including military) (103) Accommodations (104).................................................... Financial services and insurance Financial services..................... Financial services furnished without payment (107).... Financial service charges, fees, and commissions (108).......... Insurance........... Life insurance (110)..................................................... Net household insurance (111)................................... Net health insurance (112).......................................... Net motor vehicle and other transportation insurance (116)........................................................................ Other services.................................................................... Communication........................ Telecommunication services (71)................................. Postal and delivery services (68).................................. Internet access (72).............. Education services.......................................................... Higher education (97).................................................. Nursery, elementary, and secondary schools (98)....... Commercial and vocational schools (99)...................... Professional and other services (121).............................. Personal care and clothing services (14 and parts of 17 and 118)...................................................................... Social services and religious activities (120).................... Household maintenance (parts of 31, 33, and 36)........... Net foreign travel.............................................................. Foreign travel by U.S. residents (129).......................... Less: Expenditures in the United States by nonresidents (130).................................................. Final consumption expenditures of nonprofit institutions serving households (NPISHs)1......................................... Gross output of nonprofit institutions (133)2........................ Less: Receipts from sales of goods and services by nonprofit institutions (134)3............................................. l 'i n 14 77 100.000 100.358 100.357 102.772 78 79 80 81 82 HU 84 RS 100.000 100.000 100.000 100.976 101.649 102.313 103.015 104.846 105.716 107.179 107.017 108.415 100.000 100.000 100.000 100.000 100.000 101.330 101.340 101.300 102.657 101.266 103.887 103.847 103.779 106.142 104.137 106.842 106.901 106.828 109.364 106.475 86 8/ 88 100.000 100.000 100.000 103.993 104.421 105.699 105.966 105.776 105.515 110.057 111.012 112.375 90 91 9? 93 100.000 100.000 100.000 100.000 100.000 103.071 103.286 102.078 103.032 104.314 106.132 106.246 103.367 105.957 107.858 109.588 108.575 104.778 109.217 110.137 94 9S 96 97 98 99 100 101 102 103 104 100.000 102.833 107.153 111.138 100.000 100.000 100.000 100 000 100.000 100.000 100.000 100.000 100.000 100.000 102.413 99.919 99.269 104.634 100.651 104.691 105.194 103.803 103.567 103.204 104.250 98.722 97.515 110 107 99.709 109.697 110.476 107.414 108.722 106.232 106.415 99.080 97.705 114.377 99.938 114.648 115.830 110.870 113.387 108.630 105 10H 107 108 109 100.000 100.000 100.000 102.116 101.828 100.221 104.084 104.064 101.263 106.329 105.570 103.732 100.000 105.468 109.836 111.804 110 100.000 103.463 108.740 111.955 111 112 100.000 100.000 98.946 101.830 99.642 103.784 98.932 105.479 113 100.000 102.826 105.211 107.736 3. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. N ote . The figures in parentheses are the line numbers of the corresponding items in table 2.5.4. September 2013 97 S u r v e y o f C u r r e n t B u s in e s s Table 2.4.5. Personal Consumption Expenditures by Type of Product [Billions of dollars] Line Personal consumption expenditures.......................... Goods......................................................................................... 2009 2010 2011 2012 1 9,842.9 10,201.9 10,711.8 11,149.6 2 3,198.4 3,362.8 3,602.7 3,769.7 Durable goods....................................................................... 3 1,023.3 1,070.7 1,129.9 1,202.7 Motor vehicles and parts.................................................. New motor vehicles (55).................................................. Net purchases of used motor vehicles (56)...................... 4 5 6 7 317.1 165.6 99.7 51 8 342.0 182.3 104.2 55.5 368.7 207.8 101.4 59 6 401.7 236.8 103.1 61 8 Furnishings and durable household equipment............. Furniture and furnishings (parts of 31 and 32)................. Household appliances (part of 33).................................. Glassware, tableware, and household utensils (34)......... Tools and equipment for house and garden (35).............. 8 9 10 11 12 244.3 144.6 41.1 41.1 17.5 260.1 153.7 42.9 45.0 18.4 275.1 164.1 43.9 47.5 19.6 Recreational goods and vehicles.................................... Video, audio, photographic, and information processing equipment and media (75,76, and part of 93)............. Sporting equipment, supplies, guns, and ammunition (part of 80).................................................................. Sports and recreational vehicles (79).............................. Recreational books (part of 90)....................................... Musical instruments (part of 80)...................................... 13 303.8 250.4 148.4 41.7 42.7 17.6 312.7 321.1 334.5 14 184.9 194.1 198.3 205.0 15 16 17 18 50.9 37.0 26.4 4.6 51.3 35.6 27.1 4.6 54.1 37.1 27.0 4.7 57.3 39.3 27.8 5.1 Other durable goods......................................................... Jewelry and watches (part of 119).................................. Therapeutic appliances and equipment (42).................... Educational books (96)................................................... Luggage and similar personal items (part of 119)............ Telephone and facsimile equipment (67)......................... 19 ?n 21 ?? 23 24 158.2 60.3 52.7 9.2 23.3 12.7 165.6 62.6 55.6 9.4 25.2 12.7 179.9 69.4 58.8 9.4 29.0 13.4 191.3 73.7 62.0 9.7 32.6 13.3 Nondurable goods................................................................. 25 2,175.1 2,292.1 2,472.8 2,567.0 26 770.0 788.9 833.0 863.3 27 663.4 675.9 715.4 740.9 ?fi 29 Food and beverages purchased for off-premises consumption.................................................................. Food and nonalcoholic beverages purchased for offpremises consumption (4)........................................... Alcoholic beverages purchased for off-premises consumption (5).......................................................... Food produced and consumed on farms (6).................... Line 2012 221.4 166.8 54.6 218.8 166.7 52.1 208.1 163.4 44.7 Health care............... Outpatient services.......................................................... Physician services (44)................................................ Dental services (45).................................................... Paramedical services (46)........................................... Hospital and nursing home services................................ Hospitals (51).............................................................. Nursing homes (52)..................................................... 60 61 62 63 64 65 66 b/ 1,627.4 744.7 392.8 102.1 249.8 882.6 736.6 146.1 1,690.7 767.9 402.8 104.5 260.6 922.8 770.5 152.3 1,767.8 797.2 418.4 106.8 272.1 970.6 811.4 159.2 1,847.6 827.5 433.9 109.4 284.2 1,020.2 861.2 159.0 Transportation services.................................................... Motor vehicle services..................................................... Motor vehicle maintenance and repair (60).................. Other motor vehicle services (61)................................. Public transportation........................................................ Ground transportation (63).......................................... Air transportation (64).... Water transportation (65)............................................. 68 69 70 71 /2 74 /b 289.7 210.4 149.2 61.2 79.3 34.5 42.2 2.5 292.9 211.9 152.4 59.6 81.0 35.6 42.7 2.7 308.2 223.0 161.9 61.1 85.2 38.0 44.3 2.9 318.1 230.6 166.4 64.2 87.5 37.1 47.3 3.1 Recreation services........................................................... Membership clubs, sports centers, parks, theaters, and museums (82).............................................................. Audio-video, photographic, and information processing equipment services (parts of 77 and 93)...................... Gambling (91).................................................................. Other recreational services (81,94, and part of 92)......... 76 376.0 385.1 399.7 416.6 77 137.9 141.8 147.6 153.7 78 79 80 93.6 105.0 39.5 96.1 105.6 41.7 99.8 108.9 43.3 104.2 112.5 46.2 Food services and accommodations.............................. Food services.................................................................. Purchased meals and beverages (102)........................ Food furnished to employees (including military) (103) Accommodations (104).................................................... 81 82 H3 84 85 600.3 517.9 502.3 15.6 82.4 617.7 532.2 516.9 15.3 85.5 658.7 567.6 550.8 16.8 91.1 701.7 604.2 587.1 17.1 97.5 Financial services and insurance.................................... Financial services............................................................ Financial services furnished without payment (107).... Financial service charges, fees, and commissions (108)........................................................................ Insurance............... Life insurance (110)..................................................... Net household insurance (111)................................... Net health insurance (112).......................................... Net motor vehicle and other transportation insurance (116)........................................................................ 8b 87 88 719.0 452.2 229.4 763.2 473.3 248.9 801.1 490.3 259.7 821.0 496.1 259.1 89 90 91 9? 93 222.9 266.7 80.0 7.3 119.4 224.4 290.0 87.6 7.6 135.8 230.6 310.7 100.6 8.0 143.3 237.0 325.0 103.3 8.1 154.5 106.1 0.4 112.6 0.4 117.2 0.4 121.8 0.6 306.5 244.3 145.8 81.5 17.1 62.1 320.6 255.3 152.8 84.9 17.7 65.2 338.3 269.3 161.1 89.7 18.5 69.0 354.6 282.2 169.5 93.5 19.2 72.5 Gasoline and other energy goods................................... Motor vehicle fuels, lubricants, and fluids (59)................. Fuel oil and other fuels (29)............................................ 36 3/ 38 284.5 260.2 24.3 333.4 307.3 26.2 408.9 379.5 29.4 417.0 390.4 26.7 Other nondurable g oods.................................................. Pharmaceutical and other medical products (40 and 41) Recreational items (parts of 80,92, and 93).................... Household supplies (parts of 32 and 36)........................ Personal care products (part of 118)............................... Tobacco (127).................................................................. Magazines, newspapers, and stationery (part of 90)....... Net expenditures abroad by U.S. residents (131)............. 39 40 41 42 43 44 45 46 814.2 320.9 123.8 105.2 100.1 99.5 58.2 6.5 849.2 334.1 127.7 108.3 104.7 106.3 62.8 5.3 892.6 353.2 133.2 112.9 110.0 108.3 68.1 6.9 932.1 370.0 142.0 117.3 114.6 108.8 73.1 6.2 Services..................................................................................... 47 6,644.5 6,839.1 7,109.1 7,379.9 Household consumption expenditures (for services)........ 48 6,368.5 6,563.7 6,831.2 7,089.4 Higher education (97).................................................. Nursery, elementary, and secondary schools (98)....... Commercial and vocational schools (99)...................... Professional and other services (121)............................. Personal care and clothing services (14 and parts of 17 and 118)...................................................................... Social services and religious activities (120).................... Household maintenance (parts of 31,33, and 36)........... Housing and utilities......................................................... Housing........................................................................... Rental of tenant-occupied nonfarm housing (20) Imputed rental of owner-occupied nonfarm housing (21).......................................................................... Rental value of farm dwellings (22)............................. 49 50 51 1,881.0 1,591.6 359.7 1,909.0 1,609.7 372.6 1,960.9 1,660.0 402.3 2,013.9 1,719.9 430.4 Foreign travel by U.S. residents (129).......................... Less: Expenditures in the United States by 52 53 54 55 56 1,209.9 20.7 1.3 289.4 74.3 1,214.5 21.2 1.3 299.3 78.0 1,233.8 22.4 1.5 300.9 82.1 1,263.7 24.1 1.7 294.0 85.9 2011 215.1 157.0 58.1 30 31 32 33 34 3b 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). 2010 57 58 59 Clothing and footw ear...................................................... Garments........................................................................ Women’s and girls’ clothing (10)................................. Men’s and boys’ clothing (11)...................................... Children’s and infants’ clothing (12)............................ Other clothing materials and footwear (13 and 17).......... Household utilities........................................................... 2009 Electricity and gas....................................................... Electricity (27).......................................................... Natural gas (28)....................................................... Communication................................................................ Telecommunication services (71)................................ Postal and delivery services (68)................................. Internet access (72)..................................................... Final consumption expenditures of nonprofit institutions serving households (NPISHs)1........................................ n 94 60.0 58.9 58.9 59.0 95 96 97 98 99 mo 101 102 103 104 875.1 217.9 149.6 12.0 56.3 219.9 146.7 34.8 38.4 161.5 905.1 226.8 152.1 11.7 63.0 235.5 158.3 35.3 42.0 163.3 934.8 238.1 156.0 10.8 71.3 250.9 170.6 37.0 43.3 165.9 970.4 251.7 160.6 10.4 80.7 264.9 182.4 37.8 44.7 169.4 105 106 107 108 109 109.9 133.2 60.3 -27.5 97.9 114.9 138.9 58.6 -32.9 103.4 119.6 143.7 61.5 -44.8 105.8 124.8 147.3 65.9 -53.6 110.0 110 125.5 136.4 150.5 163.6 290.5 1,194.1 903.6 111 112 276.0 1,072.6 275.4 1,105.9 277.9 1,141.6 113 796.5 830.5 863.7 Less: Receipts from sales of goods and services by 3. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. N ote . The figures in parentheses are the line numbers of the corresponding items in table 2.5.5. 98 Personal Income and Outlays September 2013 Table 2.4.6. Real Personal Consumption Expenditures by Type of Product, Chained Dollars [Billions of chained (2009) dollars] Line Personal consumption expenditures............................ 2009 2010 2011 2012 1 9,842.9 10,035.9 10,291.3 10,517.6 2 3,198.4 3,308.7 3,419.9 3,534.1 Durable goods......................................................................... 3 1,023.3 1,085.7 1,157.1 1,246.7 Motor vehicles and parts.................................................... New motor vehicles (55).................................................... Net purchases of used motor vehicles (56)........................ Motor vehicle parts and accessories (58).......................... 4 5 6 7 317.1 165.6 99.7 51.8 323.4 178.6 91.0 54.4 339.4 198.0 86.6 56.4 364.0 221.9 87.5 57.1 Furnishings and durable household equipment............... Furniture and furnishings (parts of 31 and 32)................... Household appliances (part of 33)..................................... Glassware, tableware, and household utensils (34)........... Tools and equipment for house and garden (35)................ 8 9 10 11 12 244.3 144.6 41.1 41.1 17.5 261.5 155.9 43.6 43.9 18.1 276.0 164.7 45.5 47.1 18.7 292.8 176.9 44.5 51.8 19.6 G oods........................................................................................... Line 2012 166.5 55.7 163.4 54.6 160.1 52.0 Health care......................................................................... Outpatient services.......................................................... Physician services (44)................................................ Dental services (45)... Paramedical services (46)........................................... Hospital and nursing home services................................. Hospitals (51)............ Nursing homes (52)..., 60 61 62 63 64 65 66 b/ 1,627.4 744.7 392.8 102.1 249.8 882.6 736.6 146.1 1,649.2 751.4 393.2 101.7 256.6 897.8 748.4 149.4 1,693.3 769.2 402.2 101.6 265.5 924.1 771.6 152.4 1,738.4 788.9 412.3 101.7 275.0 949.5 799.2 150.2 Transportation services .. Motor vehicle services..................................................... Motor vehicle maintenance and repair (60).................. Other motor vehicle services (61)................................. Public transportation........................................................ Ground transportation (63).......................................... Air transportation (64).................................................. Water transportation (65)............................................. 68 69 70 71 /4 75 289.7 210.4 149.2 61.2 79.3 34.5 42.2 2.5 287.1 210.6 149.5 61.1 76.6 34.1 39.8 2.7 294.3 218.7 155.6 63.1 75.8 34.8 38.3 2.9 298.0 223.4 157.2 66.3 75.1 32.9 39.1 3.2 Recreation services........................................................... Membership clubs, sports centers, parks, theaters, and museums (82).............................................................. Audio-video, photographic, and information processing equipment services (parts of 77 and 93)...................... Gambling (91).................................................................. Other recreational services (81,94, and part of 92)......... 76 376.0 381.0 388.8 394.4 77 137.9 141.3 147.1 149.5 78 /y 80 93.6 105.0 39.5 95.1 103.8 40.7 96.9 103.9 41.0 97.2 105.1 42.7 Food services and accommodations............................... Food services.................................................................. Purchased meals and beverages (102)........................ Food furnished to employees (including military) (103) Accommodations (104).................................................... 81 82 83 84 85 600.3 517.9 502.3 15.6 82.4 609.6 525.2 510.3 14.9 84.4 634.0 546.5 530.7 15.8 87.5 656.8 565.2 549.6 15.7 91.6 Financial services and insurance..................................... Financial services............................................................ Financial services furnished without payment (107) Financial service charges, fees, and commissions (108)................................. Insurance................................. Life insurance (110).............. Net household insurance (111).................................... Net health insurance (112).... Net motor vehicle and other transportation insurance (116)........................................................................ 86 87 88 719.0 452.2 229.4 733.9 453.2 235.5 756.0 463.6 246.1 746.0 446.9 230.5 89 90 91 9? 93 222.9 266.7 80.0 7.3 119.4 217.7 280.7 85.8 7.4 130.2 217.3 292.5 97.3 7.6 132.8 216.3 299.3 98.6 7.4 140.3 13 303.8 336.8 370.5 410.9 184.9 217.1 244.8 279.2 15 16 17 18 50.9 37.0 26.4 4.6 58.5 36.1 28.0 4.8 62.7 37.6 29.4 5.2 Other durable goods........................................................... Jewelry and watches (part of 119)..................................... Therapeutic appliances and equipment (42)...................... Educational books (96)...................................................... Luggage and similar personal items (part of 119).............. Telephone and facsimile equipment (67)............................ 19 ?0 ?1 22 23 24 158.2 60.3 52.7 9.2 23.3 12.7 52.9 35.5 27.4 4.6 164.9 61.2 56.0 9.0 25.5 13.2 173.7 62.5 58.8 8.6 29.8 14.4 183.6 65.8 61.4 8.3 33.6 15.1 Nondurable goods................................................................... 25 2,175.1 2,223.5 2,266.0 2,296.8 2b 770.0 786.5 798.8 809.4 27 663.4 674.0 682.5 689.4 28 29 106.1 0.4 112.1 0.4 116.1 0.3 119.7 0.4 Clothing and footwear......................................................... Garments.......................................................................... Women’s and girls’ clothing (10).................................... Men’s and boys’ clothing (11)........................................ Children's and infants’ clothing (12)............................... Other clothing materials and footwear (13 and 17)............ 30 31 32 33 34 3b 306.5 244.3 145.8 81.5 17.1 62.1 322.7 258.1 154.2 86.1 17.8 64.6 335.0 267.0 159.5 88.9 18.7 67.9 338.9 269.3 162.1 88.8 18.3 69.6 Gasoline and other energy goods..................................... Motor vehicle fuels, lubricants, and fluids (59)................... Fuel oil and other fuels (29)............................................... 3b 3/ 38 284.5 260.2 24.3 282.2 259.9 22.4 275.2 255.4 19.8 271.5 253.7 17.7 Other nondurable g o o d s.................................................... Pharmaceutical and other medical products (40 and 41).... Recreational items (parts of 80,92, and 93)...................... Household supplies (parts of 32 and 36)........................... Personal care products (part of 118).................................. Tobacco (127).................................................................... Magazines, newspapers, and stationery (part of 90)......... Net expenditures abroad by U.S. residents (131)............... 39 40 41 42 43 44 45 46 814.2 320.9 123.8 105.2 100.1 99.5 58.2 6.5 833.0 322.4 132.0 109.5 105.8 95.8 62.3 5.7 861.6 329.5 139.3 114.1 111.8 94.4 67.1 6.8 885.1 334.5 150.7 118.2 115.4 92.8 69.6 6.7 Services........................................................................................ 47 6,644.5 6,727.2 6,871.1 6,982.7 Household consumption expenditures (for services).......... 48 6,368.5 6,448.9 6,592.0 6,689.4 Housing and utilities........................................................... Housing............................................................................. Rental of tenant-occupied nonfarm housing (20)........... Imputed rental of owner-occupied nonfarm housing (21) Rental value of farm dwellings (22)................................ Group housing (23)....................................................... Household utilities............................................................. 49 50 51 52 63 54 5b Electricity and gas......................................................... 57 1,881.0 1,591.6 359.7 1,209.9 20.7 1.3 289.4 74.3 215.1 1,904.3 1,608.7 372.1 1,214.6 20.6 1.3 295.5 73.4 222.2 1,928.4 1,943.6 1,637.0 1,658.4 395.2 411.7 1,219.8 1,224.6 Final consumption expenditures of nonprofit institutions 20.5 20.4 serving households (NPISHs)1......................................... 1.4 1.6 Gross output of nonprofit institutions (133)2........................ 291.5 285.3 Less: Receipts from sales of goods and services by 73.4 Water72.8 supply and sanitation nonprofit(25).................................... institutions (134)3.............................................. 56 218.0 212.3 Residual....................................................................................... 2011 157.0 58.1 14 1. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 2. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). 3. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. 2010 58 59 Recreational goods and vehicles....................................... Video, audio, photographic, and information processing equipment and media (75,76, and part of 93)............... Sporting equipment, supplies, guns, and ammunition (part of 80)............................................................................. Sports and recreational vehicles (79)................................. Recreational books (part of 90)......................................... Musical instruments (part of 80)......................................... Food and beverages purchased for off-premises consumption.................................................................... Food and nonalcoholic beverages purchased for offpremises consumption (4)............................................. Alcoholic beverages purchased for off-premises consumption (5)............................................................. Food produced and consumed on farms (6)...................... 2009 Electricity (27).......................................................... Natural gas (28)....................................................... Other services Communication................................................................ Telecommunication services (71)................................. Postal and delivery services (68).................................. Internet access (72)...................................................... Education services.......................................................... Higher education (97).................................................. Nursery, elementary, and secondary schools (98)....... Commercial and vocational schools (99)...................... Professional and other services (121).............................. Personal care and clothing services (14 and parts of 17 and 118)...................................................................... Social services and religious activities (120).................... Household maintenance (parts of 31,33, and 36)........... Net foreign travel.............................................................. Foreign travel by U.S. residents (129).......................... Less: Expenditures in the United States by nonresidents (130)................................................... I 'l t ‘i 94 60.0 57.3 55.0 53.1 95 9fi 97 98 99 100 101 102 103 104 875.1 217.9 149.6 12.0 56.3 219.9 146.7 34.8 38.4 161.5 883.8 227.0 153.2 11.2 62.6 225.0 150.4 34.0 40.5 158.2 896.7 241.2 160.0 9.8 71.5 228.7 154.4 34.5 39.8 156.2 911.9 254.1 164.4 9.1 80.8 231.0 157.4 34.1 39.4 155.9 10b 106 107 108 109 109.9 133.2 60.3 -27.5 97.9 112.5 136.4 58.5 -33.7 98.0 114.9 138.0 60.7 -42.1 96.3 117.4 139.5 63.5 -47.7 98.4 110 125.5 131.8 138.4 146.1 111 112 276.0 1,072.6 278.3 1,086.0 278.9 1,100.0 293.6 1,132.1 113 114 796.5 -0.1 807.7 -4.1 820.9 -16.2 838.8 -32.6 N otes. The figures in parentheses are the line numbers of the corresponding items in table 2.5.6. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 current-dollar vaiue of the corresponding series, divided by 100. Because the formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estimates are usually not additive. The residual line is the differ ence between the first line and the sum of the most detailed lines. September 2013 99 S u r v ey o f C u r r e n t B u sin ess Table 2.5.3. Real Personal Consumption Expenditures by Function, Quantity Indexes [Index numbers, 2009=100] Line Personal consumption expenditures............................ Household consumption expenditures 1.................................. Food and beverages purchased for off-premises consumption........................................................................ Food and nonalcoholic beverages purchased for off-premises consumption...................................................................... Alcoholic beverages purchased for off-premises consumption Food produced and consumed on farms............................... 2009 2010 2011 2012 1 100.000 101.960 104.555 106.854 2 100.000 101.992 104.654 106.870 3 100.000 102.145 103.750 105.120 4 100.000 101.594 102.876 103.915 5 100.000 105.639 109.391 112.773 6 100.000 88.621 70.270 102.097 Clothing, footwear, and related services............................... Clothing................................................................................. Garments.......................................................................... Women’s and girls’ clothing... Men’s and boys’ clothing...... Children’s and infants’ clothing...................................... Other clothing materials.................................................... Cleaning, repair, and rental of clothing.............................. Laundry and dry cleaning services............................... Clothing repair, rental, and alterations........................... Footwear2............................................................................. 7 8 9 10 11 12 13 14 15 16 17 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 104.941 105.115 105.625 105.744 105.732 104.101 99.511 98.333 98.822 96.931 104.166 108.784 108.502 109.278 109.357 109.116 109.391 97.559 98.921 99.305 97.815 110.042 110.059 109.467 110.218 111.184 109.053 107.526 99.494 100.031 101.177 96.811 112.711 Housing, utilities, and fuels.................................................... Housing................................................................................. Rental of tenant-occupied nonfarm housing 3.................... Imputed rental of owner-occupied nonfarm housing 4........ Rental value of farm dwellings.......................................... Group housing................................................................... Household utilities and fuels.................................................. Water supply and sanitation.............................................. Electricity, gas, and other fuels.......................................... Electricity.................. Natural gas............... Fuel oil and other fuels 18 19 20 21 22 23 24 25 26 27 28 29 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.111 101.079 103.460 100.395 99.634 101.642 101.271 98.751 102.072 106.048 95.769 92.122 102.196 102.855 109.871 100.825 99.040 108.392 98.980 98.863 98.992 104.055 93.974 81.496 102.831 104.200 114.476 101.214 98.472 122.268 96.141 98.052 95.458 101.990 89.493 72.946 Furnishings, household equipment, and routine household maintenance........................................................................ Furniture, furnishings, and floor coverings 5.......................... Household textiles................................................................. Household appliances 6........................................................ Glassware, tableware, and household utensils 7.................... Tools and equipment for house and garden........................... Other household goods and services8................................. 30 31 32 33 34 35 36 100.000 100.000 100.000 100.000 100.000 100.000 100.000 104.768 107.404 109.472 105.329 106.781 103.545 99.948 109.947 113.266 118.030 109.541 114.660 107.176 103.135 115.704 121.867 128.364 106.969 126.228 112.367 106.050 Health...................................................................................... Medical products, appliances, and equipment....................... Pharmaceutical and other medical products 9................... Pharmaceutical products.............................................. Other medical products................................................. Therapeutic appliances and equipment............................ Outpatient services............................................................... Physician services 10......................................................... Dental services... Paramedical services........................................................ Home health care.......................................................... Medical laboratories...................................................... Other professional medical services 11......................... Hospital and nursing home services..................................... Hospitals 12........................................................................ Nursing homes.................................................................. 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.330 101.285 100.486 100.402 107.796 106.255 100.896 100.087 99.620 102.698 103.525 101.230 102.603 101.714 101.606 102.258 104.024 103.909 102.691 102.572 113.066 111.575 103.284 102.385 99.487 106.278 108.236 104.672 105.646 104.693 104.754 104.378 106.650 105.923 104.249 104.077 119.617 116.586 105.924 104.944 99.662 110.087 112.646 104.140 110.091 107.571 108.500 102.823 Transportation......... Motor vehicles...... New motor vehicles........................................................... Net purchases of used motor vehicles.............................. Motor vehicle operation......................................................... Motor vehicle parts and accessories................................. Motor vehicle fuels, lubricants, and fluids.......................... Motor vehicle maintenance and repair.............................. Other motor vehicle services............................................. Public transportation............................................................. Ground transportation 13................................................... Air transportation............................................................... Water transportation.......................................................... 53 54 55 56 57 58 59 60 61 62 63 64 65 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.390 101.412 107.829 91.346 100.441 105.097 99.855 100.185 99.805 96.601 98.800 94.260 106.283 104.991 115.650 133.966 87.779 101.612 110.276 97.502 105.333 108.350 94.703 95.270 92.552 124.077 Communication....................................................................... Telephone and facsimile equipment...................................... Postal and delivery services.................................................. First-class postal service by U.S. Postal Service (USPS)... 66 67 68 69 100.000 104.205 100.000 104.109 100.000 93.424 100.000 94.618 102.289 106.670 119.576 86.934 101.173 109.013 98.154 104.304 103.023 95.676 100.630 90.786 112.485 110.830 113.135 81.505 80.660 116.732 118.654 75.737 73.905 1. Consists of household purchases of goods and services from business, government, nonprofit institutions, and the rest of the world. 2. Consists of shoes and other footwear, and of repair and hire of footwear. 3. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture. 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. Includes clocks, lamps, lighting fixtures, and other household decorative items; also includes repair of furniture, furnishings, and floor coverings. 6. Consists of major household appliances, small electric household appliances, and repair of household appliances. 7. Consists of dishes, flatware, and non-electric cookware and tableware. 8. Consists of household supplies; domestic sen/ices; moving, storage and freight service; and other household service. 9. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 10. Consists of offices of physicians, health maintenance organization medical centers, and freestanding ambulatory surgical and emergency centers. 11. Includes podiatrists, chiropractors, mental health practitioners (except physicians), physical, occupational and speech therapists, audiologists, all other health practitioners, ambulance services, kidney dialysis centers, and blood and organ bank services. 12. Consists of nonprofit hospitals, proprietary hospitals, and government hospitals. Consists of primary sales of these hospitals for personal consumption. Expenses of nonprofit hospitals are included in the expenditures of nonprofit institu tions serving households (NPISHs). 13. Includes railway transportation, taxicab services, school and employee services, limousine services, and airport bus fares. 14. Consists of tour operators' and travel agents’ margins. Purchases of travel and accommodations included in tours are accounted for separately in other personal consumption expenditures categories. 15. Consists of fees paid to business schools and computer and management training, technical and trade schools, other schools and instruction, and educational support services. Line Other delivery services (by non-USPS facilities). Telecommunication services.................................. Internet access...................................................... 2009 2010 2011 2012 70 100.000 87.625 84.832 83.279 71 100.000 102.444 106.960 109.893 72 100.000 111.227 127.086 143.566 Recreation................................................................................ Video and audio equipment, computers, and related services Video and audio equipment............................................... Information processing equipment.................................... Services related to video and audio goods and computers Sports and recreational goods and related services.............. Sports and recreational vehicles....................................... Other sporting and recreational goods.............................. Maintenance and repair of recreational vehicles and sports equipment...................................................................... Membership clubs, sports centers, parks, theaters, and museums........................................................................... Membership clubs and participant sports centers.............. Amusements parks, campgrounds, and related recreational services..................................................... Admissions to specified spectator amusements................. Motion picture theaters.................................................. Live entertainment, excluding sports............................. Spectator sports............................................................ Museums and libraries...................................................... Magazines, newspapers, books, and stationery..................... Gambling............................................................................... Pets, pet products, and related services................................ Photographic goods and services......................................... Package tours 14.................................................................... 73 74 75 76 77 78 79 80 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 81 100.000 104.528 109.622 113.367 84 85 86 87 88 89 90 91 92 93 94 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 Education................................................................................. Educational books................................................................. Higher education.................................................................... Nursery, elementary, and secondary schools........................ Commercial and vocational schools 15.................................. 95 96 97 98 99 100.000 102.133 103.581 104.480 100.000 97.776 93.014 90.104 100.000 102.582 105.276 107.353 100.000 97.604 99.068 97.948 100.000 105.568 103.667 102.710 105.760 112.412 115.734 119.695 102.010 103.975 95.980 106.254 111.779 122.836 132.131 133.260 104.009 110.878 97.572 114.818 118.253 134.866 152.759 150.218 104.941 119.776 101.883 125.328 82 100.000 102.415 106.627 108.411 83 100.000 102.843 105.668 108.632 104.023 101.372 100.795 102.802 99.813 99.466 106.018 98.892 102.990 102.167 108.869 110.948 104.939 96.996 109.243 104.036 101.763 112.391 98.954 104.789 105.593 116.546 118.850 102.733 97.204 111.653 94.185 96.024 117.038 100.098 109.754 103.375 121.320 Food services and accommodations.............................. Food services................................................................. Purchased meals and beverages16............................ Food furnished to employees (including military)........ Accommodations 17........................................................ 100 101 102 103 104 100.000 100.000 100.000 100.000 100.000 101.545 101.401 101.584 95.578 102.444 105.614 105.528 105.658 101.332 106.158 109.403 109.132 109.406 100.399 111.108 Financial services and insurance Financial services.................. Financial services furnished without payment............. Financial service charges, fees, and commissions...... Insurance........................................................................ Life insurance 18.......................................................... Net household insurance 19........................................ Net health insurance................................................... Medical care and hospitalization 20......................... Income loss 21......................................................... Workers' compensation 22...................................... Net motor vehicle and other transportation insurance '■ 105 106 107 108 109 110 111 112 113 114 115 116 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.083 100.221 102.661 97.679 105.257 107.190 100.753 109.077 113.580 96.669 87.145 95.583 105.148 102.502 107.299 97.508 109.657 121.571 102.906 111.255 116.686 95.194 84.702 91.691 103.764 98.815 100.510 97.047 112.214 123.230 100.897 117.509 116.589 95.844 129.027 88.577 Other goods and services Personal care 24......... Personal items 25............................................................ Social services and religious activities 26........................ Professional and other iervices...................................... Legal services............................................................. Accounting and other business services 27................ Labor organization dues............................................. Professional association dues.................................... Funeral and burial services........................................ Tobacco ......................................................................... 117 118 119 120 121 122 123 124 125 126 127 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 101.126 104.396 103.720 102.391 97.953 97.945 96.035 96.032 100.066 100.504 96.299 102.807 108.608 110.116 103.646 96.669 96.461 96.006 93.459 99.913 98.852 94.873 104.594 111.605 118.340 104.773 96.527 95.274 95.515 94.160 102.328 101.866 93.276 Net foreign travel and expenditures abroad by U.S. residents............................................................................. Foreign travel by U.S. residents........................................... Less: Expenditures in the United States by nonresidents.... Net expenditures abroad by U.S. residents.......................... 1?R 129 100.000 100.113 98.331 100.482 130 100.000 105.034 110.323 116.455 131 Final consumption expenditures of nonprofit institutions serving households (NPISHs)28........................................... Gross output of nonprofit institutions 29................................... Less: Receipts from sales of goods and services by nonprofit institutions 30........................................................................ 132 100.000 100.821 101.044 106.380 133 100.000 101.255 102.555 105.550 134 100.000 101.402 103.059 105.299 16. 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-premises. 17. Consists of transient hotels, motels, other traveler accommodations, clubs, and housing at schools. 18. Consists of operating expenses of commercial life insurance carriers and fraternal benefit life insurance. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. 19. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for insur ance on personal property (except motor vehicles). 20. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance. 21. Consists of premiums less benefits for income loss insurance. 22. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately administered workers’ compensation. 23. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor vehicle and other transportation insurance. 24. Consists of cosmetics and toiletries, electric appliances for personal care, hairdressing salons, and miscellaneous personal care services. 25. Consists of jewelry, watches, luggage, and similar personal items. 26. Consists of household purchases of goods and services from business, government, and nonprofit institutions providing social services and religious activities. Purchases from nonprofit establishments exclude unrelated sales, secondary sales, and sales to businesses, government, and the rest of the world, but include membership dues and fees. 27. Consists of tax preparation and other related services, employment agency services, and other personal business services. 28. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 29. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). 30. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. 100 Personal Income and Outlays September 2013 Table 2.5.4. Price Indexes for Personal Consumption Expenditures by Function [Index numbers, 2009=100] Line 2009 2010 2011 Personal consumption expenditures............................ 1 100.000 101.654 104.086 106.009 Household consumption expenditures 1.................................. 2 100.000 101.732 104.212 106.210 Food and beverages purchased for off-premises consumption........................................................................ Food and nonalcoholic beverages purchased for off-premises consumption...................................................................... Alcoholic beverages purchased for off-premises consumption Food produced and consumed on farms................................ 3 100.000 100.309 104.276 106.657 4 100.000 100.284 104.826 107.472 5 100.000 100.418 100.918 101.758 100.000 113.058 134.599 136.849 fi Clothing, footwear, and related services................................ Clothing................................................................................. Garments.......................................................................... Women’s and girls' clothing........................................... Men’s and boys’ clothing Children’s and infants’ clothing....................................... Other clothing materials.................................................... Cleaning, repair, and rental of clothing.............................. Laundry and dry cleaning services................................ Clothing repair, rental, and alterations............................ Footwear2.................................. 7 8 9 10 11 12 13 14 15 16 17 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 99.496 99.181 98.928 99.073 98.501 99.741 102.589 102.590 102.255 103.566 100.917 101.171 101.135 100.859 101.009 100.939 99.176 105.503 104.703 103.767 107.442 101.343 104.762 104.946 104.768 104.548 105.214 104.550 108.566 106.909 105.618 110.705 103.966 Housing, utilities, and fuels......... Housing................................................................................. Rental of tenant-occupied nonfarm housing 3.................... Imputed rental of owner-occupied nonfarm housing 4........ Rental value of farm dwellings............................................ Group housing................................................................... Household utilities and fuels.................................................. Water supply and sanitation.............................................. Electricity, gas, and other fuels.......................................... Electricity................. Natural gas.............. Fuel oil and other fuels.................................................. 18 19 20 21 22 23 24 2b 2B 27 28 29 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.452 100.058 100.135 99.987 102.844 100.231 102.451 106.270 101.285 100.167 98.039 116.956 102.218 101.404 101.790 101.146 109.406 101.962 106.380 111.760 104.738 102.044 95.363 148.719 104.152 103.706 104.534 103.196 118.104 104.661 106.328 117.963 102.720 102.010 85.977 150.635 Furnishings, household equipment, and routine household maintenance........................................................................ Furniture, furnishings, and floor coverings 5........................... Household textiles................................................................. Household appliances 6........................................................ Glassware, tableware, and household utensils 7.................... Tools and equipment for house and garden........................... Other household goods and services 8.................................. 30 31 3? 33 34 35 36 100.000 97.197 96.434 96.662 100.000 95.486 93.731 93.099 100.000 94.746 92.172 88.855 100.000 96.358 95.550 99.977 100.000 97.394 95.528 91.666 100.000 97.265 98.449 99.659 100.000 100.099 101.241 103.654 Health....................................................................................... Medical products, appliances, and equipment....................... Pharmaceutical and other medical products 9................... Pharmaceutical products............................................... Other medical products................................................. Therapeutic appliances and equipment............................. Outpatient services................................................................ Physician services 10......................................................... Dental services. Paramedical services........................................................ Home health care.......................................................... Medical laboratories...................................................... Other professional medical services 11........................... Hospital and nursing home services...................................... Hospitals 12........................................................................ Nursing homes.................................................................. 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 Transportation....... Motor vehicles..... New motor vehicles........................................................... Net purchases of used motor vehicles............................... Motor vehicle operation......................................................... Motor vehicle parts and accessories.................................. Motor vehicle fuels, lubricants, and fluids........................... Motor vehicle maintenance and repair............................... Public transportation ...................................................... Ground transportation 13................................................... Air transportation........ Water transportation.......................................................... Communication....................................................................... Telephone and facsimile equipment....................................... Postal and delivery services.................................................. First-class postal service by U.S. Postal Service (USPS)... 102.610 103.013 103.628 103.699 97.895 99.369 102.197 102.446 102.743 101.591 101.129 99.960 102.191 102.786 102.949 101.969 104.725 106.148 107.207 107.320 98.163 99.978 103.642 104.019 105.132 102.472 101.125 100.301 103.651 105.032 105.154 104.420 106.829 109.197 110.613 110.756 99.398 101.039 104.893 105.243 107.560 103.320 101.944 100.351 104.686 107.449 107.756 105.880 53 100.000 108.248 119.133 121.966 54 100.000 106.492 109.248 110.793 bb 100.000 102.072 104.919 106.740 56 5/ 58 59 60 61 62 63 64 65 66 67 68 69 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 114.468 109.516 101.923 118.246 101.918 97.534 105.750 104.329 107.236 101.134 116.992 125.278 105.593 148.588 104.034 96.930 112.327 109.351 115.713 100.208 117.835 128.619 108.283 153.850 105.867 96.794 116.577 112.808 121.195 97.444 99.720 98.407 98.465 96.311 93.031 88.037 104.634 110.107 114.377 102.836 106.786 110.544 1. Consists of household purchases of goods and services from business, government, nonprofit institutions, and the rest of the world. 2. Consists of shoes and other footwear, and of repair and hire of footwear. 3. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture. 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. Includes clocks, lamps, lighting fixtures, and other household decorative items; also includes repair of furniture, furnishings, and floor coverings. 6. Consists of major household appliances, small electric household appliances, and repair of household appliances. 7. Consists of dishes, flatware, and non-electric cookware and tableware. 8. Consists of household supplies; domestic services; moving, storage and freight service; and other household service. 9. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 10. Consists of offices of physicians, health maintenance organization medical centers, and freestanding ambulatory surgical and emergency centers. 11. Includes podiatrists, chiropractors, mental health practitioners (except physicians), physical, occupational and speech therapists, audiologists, all other health practitioners, ambulance services, kidney dialysis centers, and blood and organ bank services. 12. Consists of nonprofit hospitals, proprietary hospitals, and government hospitals. Consists of primary sales of these hospitals for personal consumption. Expenses of nonprofit hospitals are included in the expenditures of nonprofit institu tions serving households (NPISHs). 13. Includes railway transportation, taxicab services, school and employee services, limousine services, and airport bus fares. 14. Consists of tour operators’ and travel agents’ margins. Purchases of travel and accommodations included in tours are accounted for separately in other personal consumption expenditures categories. 15. Consists of fees paid to business schools and computer and management training, technical and trade schools, other schools and instruction, and educational support services. Line 2012 2009 2010 2011 2012 Other delivery services (by non-USPS facilities)................ Telecommunication services................................................. Internet access...................................................................... 70 100.000 114.194 127.572 134.322 /1 100.000 99.269 97.515 97.705 7? 100.000 100.651 99.709 99.938 Recreation................................................................................ Video and audio equipment, computers, and related services Video and audio equipment.............................................. Information processing equipment.................................... Services related to video and audio goods and computers Sports and recreational goods and related services.............. Sports and recreational vehicles....................................... 73 100.000 97.462 95.725 94.810 14 100.000 92.861 87.293 82.667 lb 100.000 86.384 77.505 68.679 /b 100.000 92.946 85.025 78.781 / / 100.000 100.951 102.937 107.353 /8 100.000 97.099 94.849 93.296 79 100.000 100.434 102.774 104.369 80 100.000 96.144 92.703 90.364 Maintenance and repair of recreational vehicles and sports equipment..................................................................... Membership clubs, sports centers, parks, theaters, and museums.......................................................................... Membership clubs and participant sports centers............. Amusements parks, campgrounds, and related recreational services..................................................... Admissions to specified spectator amusements................ Motion picture theaters................................................. Live entertainment, excluding sports............................. Spectator sports...................... Museums and libraries................ Magazines, newspapers, books, and stationery.................... Gambling............................................................................... Pets, pet products, and related services................................ Photographic goods and services.... Package tours 14............................. 81 100.000 99.106 98.835 99.067 82 100.000 100.358 100.357 102.772 83 100.000 98.251 97.128 99.867 84 85 86 87 88 89 90 91 9? 93 94 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.329 101.743 101.525 101.550 102.140 101.551 100.259 101.649 100.598 98.623 100.334 100.429 102.364 102.572 102.522 102.019 102.551 100.001 104.846 103.457 98.456 100.429 102.589 104.773 104.530 104.503 105.337 104.569 101.917 107.017 105.817 98.772 102.564 Education................................................................................. Educational books................................................................. Higher education............................. Nursery, elementary, and secondary schools........................ Commercial and vocational schools 15................................... 95 96 y/ 98 99 100.000 100.000 100.000 100.000 100.000 104.699 104.916 105.194 103.803 103.567 109.704 109.858 110.476 107.414 108.722 114.722 116.727 115.830 110.870 113.387 Food services and accommodations Food services........................................................................ Purchased meals and beverages16................................... Food furnished to employees (including military)............... Accommodations 17............................................................... 100 101 102 103 104 100.000 100.000 100.000 100.000 100.000 101.330 101.340 101.300 102.657 101.266 103.887 103.847 103.779 106.142 104.137 106.842 106.901 106.828 109.364 106.475 Financial services and insurance Financial services............... Financial services furnished without payment................... Financial service charges, fees, and commissions............ Insurance.............................................................................. Life insurance 18................................................................ Net household insurance 19.............................................. Net health insurance......................................................... Medical care and hospitalization 20................................ Income loss 21............................................................... Workers’ compensation 22............................................. Net motor vehicle and other transportation insurance 23.... 105 106 107 108 109 110 111 112 113 114 115 116 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 103.993 104.421 105.699 103.071 103.286 102.078 103.032 104.314 105.394 101.642 98.472 102.833 105.966 105.776 105.515 106.132 106.246 103.367 105.957 107.858 109.673 104.838 97.097 107.153 110.057 111.012 112.375 109.588 108.575 104.778 109.217 110.137 112.447 107.016 96.602 111.138 Other goods and services...................................................... 117 118 119 120 121 122 123 124 125 126 127 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.992 100.485 101.255 101.828 103.204 103.602 102.739 102.834 103.600 102.306 110.879 105.575 101.090 106.891 104.064 106.232 106.942 105.528 105.407 106.933 104.583 114.659 107.312 102.643 107.459 105.570 108.630 109.117 110.102 105.532 109.132 106.584 117.230 Personal items 25................................................................... Social services and religious activities 26............................... Professional and other services...... Legal services................................................................... Accounting and other business services 27........................ Labor organization dues............. Professional association dues..... Funeral and burial services............................................... Tobacco................................................................................. Net foreign travel and expenditures abroad by U.S. Foreign travel by U.S. residents............................................. Less: Expenditures in the United States by nonresidents...... 198 129 100.000 105.468 109.836 111.804 130 100.000 103.463 108.740 111.955 131 Final consumption expenditures of nonprofit institutions serving households (NPISHs)28............................................. Gross output of nonprofit institutions 29...................................... Less: Receipts from sales of goods and services by nonprofit 132 100.000 98.946 99.642 98.932 133 100.000 101.830 103.784 105.479 134 100.000 102.826 105.211 107.736 16. 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-premises. 17. Consists of transient hotels, motels, other traveler accommodations, clubs, and housing at schools. 18. Consists of operating expenses of commercial life insurance carriers and fraternal benefit life insurance. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. 19. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for insur ance on personal property (except motor vehicles). 20. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance. 21. Consists of premiums less benefits for income loss insurance. 22. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately administered workers' compensation. 23. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor vehicle and other transportation insurance. 24. Consists of cosmetics and toiletries, electric appliances for personal care, hairdressing salons, and miscellaneous personal care services. 25. Consists of jewelry, watches, luggage, and similar personal items. 26. Consists of household purchases of goods and services from business, government, and nonprofit institutions providing social services and religious activities. Purchases from nonprofit establishments exclude unrelated sales, secondary sales, and sales to businesses, government, and the rest of the world, but include membership dues and fees. 27. Consists of tax preparation and other related services, employment agency services, and other personal business services. 28. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 29. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). 30. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. September 2013 101 S u r v ey o f C u r r e n t B u sin ess Table 2.5.5. Personal Consumption Expenditures by Function [Billions of dollars] Line Personal consumption expenditures............................. 1 Household consumption expenditures 1.................................. 2 Food and beverages purchased for off-premises consumption........................................................................ Food and nonalcoholic beverages purchased for off-premises consumption...................................................................... Alcoholic beverages purchased for off-premises consumption Food produced and consumed on farms............................... 2009 2010 2011 2012 9,842.9 10,201.9 10,711.8 11,149.6 9,566.9 9,926.5 10,433.9 10,859.1 770.0 788.9 833.0 863.3 4 5 6 663.4 106.1 0.4 675.9 112.6 0.4 715.4 117.2 0.4 740.9 121.8 0.6 Clothing, footwear, and related services............................... Clothing....................................... Garments................................. Women's and girls’ clothing... Men’s and boys’ clothing............................................... Children’s and infants’ clothing...................................... Other clothing materials.................................................... Cleaning, repair, and rental of clothing.............................. Laundry and dry cleaning services............................... Clothing repair, rental, and alterations........................... Footwear2................................... 7 8 9 10 11 12 13 14 15 16 17 321.6 335.8 354.0 370.8 263.1 244.3 145.8 81.5 17.1 4.1 14.7 10.9 3.8 58.5 274.3 255.3 152.8 84.9 17.7 4.2 14.8 11.0 3.8 61.5 288.7 269.3 161.1 89.7 18.5 4.2 15.2 11.2 4.0 65.3 302.2 282.2 169.5 93.5 19.2 4.4 15.7 11.6 4.0 68.6 Housing, utilities, and fuels........... Housing................................................................................. Rental of tenant-occupied nonfarm housing 3.................... Imputed rental of owner-occupied nonfarm housing 4........ Rental value of farm dwellings.......................................... Group housing................................................................... Household utilities and fuels.................................................. Water supply and sanitation.............................................. Electricity, gas, and other fuels.......................................... Electricity.................. Natural gas............... Fuel oil and other fuels.................................................. 18 1,905.3 19 1,591.6 359.7 20 21 1,209.9 20.7 22 1.3 23 24 313.7 74.3 25 239.4 26 27 157.0 28 58.1 29 24.3 Furnishings, household equipment, and routine household maintenance........................................................................ Furniture, furnishings, and floor coverings 5.......................... Household textiles................................................................. Household appliances 6........................................................ Glassware, tableware, and household utensils7.................... Tools and equipment for house and garden.......................... Other household goods and services 8................................. 30 31 32 33 34 35 36 Health...................................................................................... Medical products, appliances, and equipment....................... Pharmaceutical and other medical products9................... Pharmaceutical products.............................................. Other medical products................................................. Therapeutic appliances and equipment............................ Outpatient services............................................................... Physician services 10......................................................... Dental services.................................................................. Paramedical services........................................................ Home health care.......................................................... Medical laboratories...................................................... Other professional medical services 11......................... Hospital and nursing home services..................................... Hospitals 12........................................................................ Nursing homes.. 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 Transportation......................................................................... Motor vehicles....................................................................... New motor vehicles........................................................... Net purchases of used motor vehicles.............................. Motor vehicle operation.... Motor vehicle parts and accessories................................. Motor vehicle fuels, lubricants, and fluids.......................... Motor vehicle maintenance and repair.............................. Other motor vehicle services............................................. Public transportation........ Ground transportation 13................................................... Air transportation.......... Water transportation..... 53 54 55 56 57 58 59 60 61 62 63 64 65 Communication....................................................................... Telephone and facsimile equipment...................................... Postal and delivery services.................................................. First-class postal service by U.S. Postal Service (USPS)... 66 67 68 69 3 1,935.1 1,990.3 2,040.6 1,609.7 372.6 1,214.5 21.2 1.3 325.5 78.0 247.5 166.8 54.6 26.2 1,660.0 402.3 1,233.8 22.4 1.5 330.3 82.1 248.2 166.7 52.1 29.4 1,719.9 430.4 1,263.7 24.1 1.7 320.7 85.9 234.7 163.4 44.7 26.7 409.8 417.3 434.5 458.3 134.1 42.2 45.6 41.1 17.5 129.4 137.5 43.8 46.3 42.7 17.6 129.5 142.3 45.9 47.7 45.0 18.4 135.1 152.1 48.1 48.8 47.5 19.6 142.2 2,000.9 2,080.4 2,179.8 2,279.7 373.5 320.9 317.1 3.8 52.7 744.7 392.8 102.1 249.8 73.5 32.2 144.0 882.6 736.6 146.1 389.7 334.1 330.1 4.0 55.6 767.9 402.8 104.5 260.6 77.0 32.6 151.0 922.8 770.5 152.3 412.0 353.2 349.1 4.2 58.8 797.2 418.4 106.8 272.1 80.5 33.9 157.7 970.6 811.4 159.2 432.0 370.0 365.5 4.5 62.0 827.5 433.9 109.4 284.2 84.5 33.7 166.0 1,020.2 861.2 159.0 867.0 942.1 1,056.5 1,110.2 265.3 165.6 99.7 522.4 51.8 260.2 149.2 61.2 79.3 34.5 42.2 2.5 286.5 182.3 104.2 574.7 55.5 307.3 152.4 59.6 81.0 35.6 42.7 2.7 309.1 207.8 101.4 662.2 59.6 379.5 161.9 61.1 85.2 38.0 44.3 2.9 339.9 236.8 103.1 682.8 61.8 390.4 166.4 64.2 87.5 37.1 47.3 3.1 230.6 239.6 251.5 265.0 12.7 12.0 10.0 12.7 11.7 9.8 13.4 10.8 8.7 13.3 10.4 8.2 1. Consists of household purchases of goods and services from business, government, nonprofit institutions, and the rest of the world. 2. Consists of shoes and other footwear, and of repair and hire of footwear. 3. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture. 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. Includes clocks, lamps, lighting fixtures, and other household decorative items; also includes repair of furniture, furnishings, and floor coverings. 6. Consists of major household appliances, small electric household appliances, and repair of household appliances. 7. Consists of dishes, flatware, and non-electric cookware and tableware. 8. Consists of household supplies; domestic services; moving, storage and freight service; and other household service. 9. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 10. Consists of offices of physicians, health maintenance organization medical centers, and freestanding ambulatory surgical and emergency centers. 11. Includes podiatrists, chiropractors, mental health practitioners (except physicians), physical, occupational and speech therapists, audiologists, all other health practitioners, ambulance services, kidney dialysis centers, and blood and organ bank services. 12. Consists of nonprofit hospitals, proprietary hospitals, and government hospitals. Consists of primary sales of these hospitals for personal consumption. Expenses of nonprofit hospitals are included in the expenditures of nonprofit institu tions serving households (NPISHs). 13. Includes railway transportation, taxicab services, school and employee services, limousine services, and airport bus fares. 14. Consists of tour operators’ and travel agents’ margins. Purchases of travel and accommodations included in tours are accounted for separately in other personal consumption expenditures categories. 15. Consists of fees paid to business schools and computer and management training, technical and trade schools, other schools and instruction, and educational support services. Line 2009 2010 2011 2.1 156.0 71.3 2012 Other delivery services (by non-USPS facilities)............... Telecommunication services................................................. Internet access..................................................................... 70 71 72 2.0 149.6 56.3 2.0 152.1 63.0 Recreation............................................................................... Video and audio equipment, computers, and related services Video and audio equipment.............................................. Information processing equipment.................................... Services related to video and audio goods and computers Sports and recreational goods and related services............. Sports and recreational vehicles...................................... Other sporting and recreational goods............................. Maintenance and repair of recreational vehicles and sports equipment..................................................................... Membership clubs, sports centers, parks, theaters, and museums.......................................................................... Membership clubs and participant sports centers............. Amusements parks, campgrounds, and related recreational services..................................................... Admissions to specified spectator amusements................ Motion picture theaters................................................. Live entertainment, excluding sports............................. Spectator sports........................................................... Museums and libraries...................................................... Magazines, newspapers, books, and stationery.................... Gambling.............................................................................. Pets, pet products, and related services............................... Photographic goods and services......................................... Package tours ’4................................................................... 73 74 75 76 77 78 79 80 861.8 888.3 922.1 966.2 264.8 99.5 81.2 84.1 172.6 37.0 131.4 276.4 99.5 90.3 86.6 174.2 35.6 134.2 284.0 101.9 92.0 90.1 181.5 37.1 139.8 295.3 104.4 96.1 94.8 192.8 39.3 148.8 2.2 160.6 80.7 81 4.2 4.4 4.6 4.7 82 83 137.9 39.1 141.8 39.5 147.6 40.2 153.7 42.4 84 85 86 87 88 89 90 91 92 93 94 37.2 55.5 11.5 25.2 18.8 6.1 84.6 105.0 73.3 15.3 8.3 38.8 57.3 11.8 26.3 19.2 6.1 89.9 105.6 75.9 15.4 9.1 41.5 59.6 11.4 28.2 20.0 6.3 95.1 108.9 79.5 15.9 9.7 45.4 59.8 11.7 29.4 18.7 6.1 100.9 112.5 85.1 15.6 10.3 Education................................................................................ Educational books................................................................ Higher education................................................................... Nursery, elementary, and secondary schools....................... Commercial and vocational schools 15................................. 95 96 97 98 99 229.1 244.9 260.3 274.5 9.2 146.7 34.8 38.4 9.4 158.3 35.3 42.0 9.4 170.6 37.0 43.3 9.7 182.4 37.8 44.7 Food services and accommodations.................................... Food services....................................................................... Purchased meals and beverages 16.................................. Food furnished to employees (including military).............. Accommodations 17.............................................................. 100 101 102 103 104 600.3 617.7 658.7 701.7 517.9 502.3 15.6 82.4 532.2 516.9 15.3 85.5 567.6 550.8 16.8 91.1 604.2 587.1 17.1 97.5 Financial services and insurance......................................... Financial services................................................................. Financial services furnished without payment................... Financial service charges, fees, and commissions............ Insurance.............................................................................. Life insurance 18................................................................ Net household insurance 19.............................................. Net health insurance......................................................... Medical care and hospitalization 20............................... Income loss 21............................................................... Workers’ compensation 22............................................ Net motor vehicle and other transportation insurance 23.... 105 106 107 108 109 110 111 112 113 114 115 116 719.0 763.2 801.1 821.0 452.2 229.4 222.9 266.7 80.0 7.3 119.4 97.5 2.7 19.2 60.0 473.3 248.9 224.4 290.0 87.6 7.6 135.8 116.8 2.6 16.4 58.9 490.3 259.7 230.6 310.7 100.6 8.0 143.3 124.8 2.7 15.8 58.9 496.1 259.1 237.0 325.0 103.3 8.1 154.5 127.9 2.8 23.9 59.0 Other goods and services...................................................... Personal care 24.................................................................... Personal items 25.................................................................. Social services and religious activities26.............................. Professional and other services............................................ Legal services................................................................... Accounting and other business services 27....................... Labor organization dues................................................... Professional association dues.......................................... Funeral and burial services.............................................. Tobacco................................................................................. 117 118 119 120 121 122 123 124 125 126 127 672.7 700.6 730.1 755.1 194.9 83.6 133.2 161.5 90.1 27.4 12.5 7.6 23.9 99.5 204.4 87.8 138.9 163.3 91.4 27.0 12.3 7.9 24.6 106.3 213.9 98.4 143.7 165.9 92.9 27.7 12.3 8.2 24.8 108.3 223.2 106.3 147.3 169.4 93.7 28.8 12.4 8.5 26.0 108.8 Net foreign travel and expenditures abroad by U.S. residents.............................................................................. Foreign travel by U.S. residents............................................ Less: Expenditures in the United States by nonresidents..... Net expenditures abroad by U.S. residents.......................... 128 129 130 131 -21.0 -27.6 -37.9 -47.3 97.9 125.5 6.5 103.4 136.4 5.3 105.8 150.5 6.9 110.0 163.6 6.2 Final consumption expenditures of nonprofit institutions serving households (NPISHs)28............................................ Gross output of nonprofit institutions29.................................... Less: Receipts from sales of goods and services by nonprofit institutions 30......................................................................... 132 133 276.0 275.4 277.9 290.5 1,072.6 1,105.9 1,141.6 1,194.1 134 796.5 830.5 863.7 903.6 16. 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-premises. 17. Consists of transient hotels, motels, other traveler accommodations, clubs, and housing at schools. 18. Consists of operating expenses of commercial life insurance carriers and fraternal benefit life insurance. For commercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock companies and services furnished without payment by banks, credit agencies, and investment companies. 19. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for insur ance on personal property (except motor vehicles). 20. Consists of premiums less benefits for health, hospitalization, and accidental death and dismemberment insurance. 21. Consists of premiums less benefits for income loss insurance. 22. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately administered workers’ compensation. 23. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for motor vehicle and other transportation insurance. 24. Consists of cosmetics and toiletries, electric appliances for personal care, hairdressing salons, and miscellaneous personal care services. 25. Consists of jewelry, watches, luggage, and similar personal items. 26. Consists of household purchases of goods and services from business, government, and nonprofit institutions providing social services and religious activities. Purchases from nonprofit establishments exclude unrelated sales, secondary sales, and sales to businesses, government, and the rest of the world, but include membership dues and fees. 27. Consists of tax preparation and other related services, employment agency services, and other personal business services. 28. Net expenses of NPISHs, defined as their gross operating expenses less primary sales to households. 29. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes own-account investment (construction and software). 30. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes membership dues and fees. Personal Income and Outlays 102 September 2013 Table 2.5.6. Real Personal Consumption Expenditures by Function, Chained Dollars [Billions of chained (2009) dollars] Line Personal consumption expenditures............................ Household consumption expenditures 1.................................. Food and beverages purchased for off-premises consumption........................................................................ Food and nonalcoholic beverages purchased for off-premises consumption...................................................................... Alcoholic beverages purchased for off-premises consumption Food produced and consumed on farms............................... Clothing, footwear, and related services............................... Clothing...................................... Garments............................... Women’s and girls’ clothing. Men’s and boys’ clothing............................................... Children’s and infants’ clothing...................................... Other clothing materials ................................................... Cleaning, repair, and rental of clothing............................... Laundry and dry cleaning services............................... Clothing repair, rental, and alterations........................... Footwear2.................................. Housing, utilities, and fuels.................................................... Housing................................................................................. Rental of tenant-occupied nonfarm housing 3.................... Imputed rental of owner-occupied nonfarm housing 4........ Rental value of farm dwellings........................................... Household utilities and fuels.................................................. Water supply and sanitation.... Electricity, gas, and other fuels Electricity............................ Natural gas......................... Fuel oil and other fuels................................................... Furnishings, household equipment, and routine household maintenance........................................................................ Furniture, furnishings, and floor coverings 5........................... Household textiles................................................................. Household appliances6........................................................ Glassware, tableware, and household utensils 7.................... Tools and equipment for house and garden........................... Other household goods and services8... Health....................................................... Medical products, appliances, and equipment....................... Pharmaceutical and other medical products 9................... Pharmaceutical products................ Other medical products.................. Therapeutic appliances and equipment............................ Outpatient services................................. Physician services 10.......................... Paramedical services........................................................ Home health care........................... Medical laboratories....................... Other professional medical services 11........................... Hospital and nursing home services..................................... Hospitals 12......................................... Nursing homes................................... Transportation......................................................................... Motor vehicles....................................................................... New motor vehicles........................................................... Net purchases of used motor vehicles............................... Motor vehicle operation.............. Motor vehicle parts and accessories.................................. Motor vehicle fuels, lubricants, and fluids........................... Motor vehicle maintenance and repair............................... Other motor vehicle services.............................................. Public transportation................... Ground transportation 13........ Air transportation.................... Water transportation............... Communication....................................................................... Telephone and facsimile equipment....................................... Postal and delivery services.................................................. First-class postal service by U.S. Postal Service (USPS)... 2009 2010 2011 1 9,842.9 10,035.9 10,291.3 10,517.6 2 9,566.9 9,757.5 10,012.1 10,224.2 3 770.0 786.5 798.8 809.4 4 5 6 663.4 106.1 0.4 674.0 112.1 0.4 682.5 116.1 0.3 689.4 119.7 0.4 / 321.6 263.1 244.3 145.8 81.5 17.1 4.1 14.7 10.9 3.8 58.5 337.5 276.5 258.1 154.2 86.1 17.8 4.1 14.4 10.8 3.7 61.0 349.9 285.5 267.0 159.5 88.9 18.7 4.0 14.5 10.8 3.7 64.4 18 1,905.3 19 1,591.6 359.7 20 21 1,209.9 22 20.7 23 1.3 24 313.7 2b 74.3 239.4 26 2/ 157.0 28 58.1 29 24.3 1,926.4 1,608.7 372.1 1,214.6 20.6 1.3 317.7 73.4 244.4 166.5 55.7 22.4 1,947.1 1,637.0 395.2 1,219.8 20.5 1.4 310.5 73.4 237.0 163.4 54.6 19.8 354.0 288.0 269.3 162.1 88.8 18.3 4.1 14.7 11.0 3.7 66.0 1,959.2 1,658.4 411.7 1,224.6 20.4 1.6 301.6 72.8 228.5 160.1 52.0 17.7 409.8 134.1 42.2 45.6 41.1 17.5 129.4 429.4 144.0 46.2 48.0 43.9 18.1 129.3 450.6 151.9 49.8 49.9 47.1 18.7 133.5 474.2 163.4 54.2 48.8 51.8 19.6 137.2 37 2,000.9 38 373.5 39 320.9 317.1 40 41 3.8 42 52.7 744.7 43 44 392.8 102.1 46 249.8 47 73.5 48 32.2 49 144.0 50 882.6 51 736.6 5? 146.1 2,027.5 378.3 322.4 318.4 4.1 56.0 751.4 393.2 101.7 256.6 76.1 32.6 147.8 897.8 748.4 149.4 2,081.4 388.1 329.5 325.2 4.3 58.8 769.2 402.2 101.6 265.5 79.6 33.7 152.2 924.1 771.6 152.4 2,134.0 395.7 334.5 330.0 4.5 61.4 788.9 412.3 101.7 275.0 82.8 33.6 158.6 949.5 799.2 150.2 8 9 10 11 12 13 14 15 1b 17 30 31 32 33 34 3b 36 53 54 55 56 57 58 59 60 fi1 fi? 63 64 6b 867.0 265.3 165.6 99.7 522.4 51.8 260.2 149.2 61.2 79.3 34.5 42.2 2.5 870.4 269.0 178.6 91.0 524.7 54.4 259.9 149.5 61.1 76.6 34.1 39.8 2.7 886.8 283.0 198.0 86.6 528.6 56.4 255.4 155.6 63.1 75.8 34.8 38.3 2.9 910.3 306.8 221.9 87.5 530.8 57.1 253.7 157.2 66.3 75.1 32.9 39.1 3.2 67 68 69 230.6 12.7 12.0 10.0 240.3 13.2 11.2 9.5 255.5 14.4 9.8 8.1 269.1 15.1 9.1 7.4 fifi 1. Consists of household purchases of goods and services from business, government, nonprofit institutions, and the rest of the world. 2. Consists of shoes and other footwear, and of repair and hire of footwear. 3. C onsists of space rent (see footnote 4) and rent fo r appliances, furnishings, and furniture. 4. Consists of rent for space and for heating and plumbing facilities, w ater heaters, lighting fixtures, kitchen cabinets, linoleum, storm w indow s and doors, window screens, and screen doors, but excludes rent for appliances and furniture and purchases of fuel and electricity. 5. Includes clocks, lamps, lighting fixtures, and other household decorative items; also includes repair of furniture, furnishings, and floor coverings. 6. Consists o f m ajor household appliances, small electric household appliances, and repair of household appliances. 7. Consists of dishes, flatware, and non-electric cookware and tableware. 8. Consists of household supplies; dom estic services; moving, storage and freight service; and other household service. 9. Excludes drug preparations and related products dispensed by physicians, hospitals, and other medical services. 10. Consists of offices of physicians, health m aintenance organization medical centers, and freestanding am bulatory surgical and em ergency centers. 11. Includes podiatrists, chiropractors, m ental health practitioners (except physicians), physical, occupational and speech th era pists, audiologists, all other health practitioners, am bulance services, kidney dialysis centers, and blood and organ bank services. 12. Consists of nonprofit hospitals, proprietary hospitals, and government hospitals. Consists o f prim ary sales of these hospitals for personal consum ption. Expenses of nonprofit hospitals are included in the expenditures of nonprofit institutions serving house holds (NPISHs). 13. Includes railway transportation, taxicab services, school and employee services, limousine services, and airpo rt bus fares. 14. The quantity index fo r com puters can be used to accurately measure th e real growth rate of this component. However, because com puters exhibit rapid changes in prices relative to other prices in the economy, the chained-dollar estim ates should not be used to m easure the com ponent’s relative im portance o r its contribution to the growth rate of more aggregate series. 15. Consists of tour operators’ and travel agents’ margins. Purchases of travel and accom modations included in tours are accounted for separately in other personal consum ption expenditures categories. 16. Consists of fees paid to business schools and com puter and m anagem ent training, technical and trade schools, other schools and instruction, and educational support services. 17. Consists of purchases (including tips) of m eals and beverages from retail, service, and am usem ent establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, dubs, and industrial lunchrooms. Includes meals and beverages Line 2012 Other delivery services (by non-USPS facilities).............. Telecommunication services................................................. Internet access..................................................................... Recreation............................................................................... Video and audio equipment, computers, and related services Video and audio equipment.............................................. Services related to video and audio goods and computers Sports and recreational goods and related services............. Sports and recreational vehicles....................................... Other sporting and recreational goods............................. Maintenance and repair of recreational vehicles and sports equipment..................................................................... Membership clubs, sports centers, parks, theaters, and 2009 2010 2011 2012 70 /1 7? 2.0 149.6 56.3 1.7 153.2 62.6 1.7 160.0 71.5 1.6 164.4 80.8 73 /4 75 /b // 861.8 264.8 99.5 911.4 297.7 115.2 963.3 325.3 131.5 1,019.1 357.2 152.0 84.1 172.6 37.0 131.4 85.8 179.4 35.5 139.6 87.5 191.3 36.1 150.9 88.3 206.7 37.6 164.7 m 79 80 81 4.2 4.4 4.6 4.8 8? 83 137.9 39.1 141.3 40.2 147.1 41.3 149.5 42.5 84 85 86 87 88 89 90 91 92 93 94 37.2 55.5 11.5 25.2 18.8 6.1 84.6 105.0 73.3 15.3 8.3 38.7 56.3 11.6 25.9 18.8 6.0 89.7 103.8 75.5 15.6 9.0 41.3 58.3 11.2 27.5 19.6 6.2 95.1 103.9 76.8 16.1 9.7 44.2 57.0 11.2 28.1 17.7 5.8 99.0 105.1 80.5 15.8 10.1 95 96 97 98 99 100 101 10? 103 104 229.1 9.2 146.7 34.8 38.4 233.9 9.0 150.4 34.0 40.5 237.3 8.6 154.4 34.5 39.8 239.3 8.3 157.4 34.1 39.4 600.3 517.9 502.3 15.6 82.4 609.6 525.2 510.3 14.9 84.4 634.0 546.5 530.7 15.8 87.5 656.8 565.2 549.6 15.7 91.6 105 10b 107 108 109 110 111 11? 113 114 115 116 719.0 452.2 229.4 222.9 266 7 80.0 7.3 119.4 97.5 2.7 19.2 60.0 733.9 453.2 235.5 217.7 280 7 85.8 7.4 130.2 110.8 2.6 16.7 57.3 756.0 463.6 246.1 217.3 292 5 97.3 7.6 132.8 113.8 2.6 16.2 55.0 746.0 446.9 230.5 216.3 299 3 98.6 7.4 140.3 113.7 2.6 24.7 53.1 Tobacco ................................................................................ 11/ 118 119 120 121 122 123 124 1?5 1?fi 127 672.7 194.9 83.6 133.2 161.5 90.1 27.4 12.5 7.6 23.9 99.5 680.3 203.4 86.7 136.4 158.2 88.2 26.3 12.0 7.7 24.1 95.8 691.6 211.6 92.1 138.0 156.2 86.9 26.3 11.7 7.6 23.7 94.4 703.6 217.5 98.9 139.5 155.9 85.8 26.1 11.8 7.8 24.4 92.8 Net foreign travel and expenditures abroad by U.S. residents.............................................................................. Foreign travel by U.S. residents............................................ Less: Expenditures in the United States by nonresidents..... Net expenditures abroad by U.S. residents........................... 128 129 130 131 -21.0 97.9 125.5 6.5 -28.0 98.0 131.8 5.7 -35.3 96.3 138.4 6.8 -41.0 98.4 146.1 6.7 132 133 276.0 1,072.6 278.3 1,086.0 278.9 1,100.0 293.6 1,132.1 134 135 796.5 -0.2 807.7 -4.0 820.9 -15.8 838.8 -33.6 Membership clubs and participant sports centers............. Amusements parks, campgrounds, and related Admissions to specified spectator amusements................ Motion picture theaters................................................. Live entertainment, excluding sports............................. Spectator sports........................................................... Museums and libraries............. Magazines, newspapers, books, and stationery.................... Gambling.............................................................................. Pets, pet products, and related services................................ Photographic goods and services.. Package tours15........................... Educational books........................ Higher education........................... Nursery, elementary, and secondary schools........................ Commercial and vocational schools 16.................................. Food services and accommodations Purchased meals and beverages 17................................... Food furnished to employees (including military).............. Accommodations 18.............................................................. Financial services and insurance......................................... Financial services................................................................. Financial services furnished without payment................... Medical care and hospitalization 21................................ Workers’ compensation 23............................................. Net motor vehicle and other transportation insurance 24.... Other goods and services...................................................... Personal care 25.................................................................... Personal items 26.................................................................. Social services and religious activities 27.............................. Professional and other services.... Legal services................................................................... Accounting and other business services 28....................... Labor organization dues........... Final consumption expenditures of nonprofit institutions serving households (NPISHs)29............................................. Gross output of nonprofit institutions 30..................................... Less: Receipts from sales of goods and services by nonprofit institutions31......................................................................... Residual........................................................................................ consumed both on- and off-premises. 18. Consists of transient hotels, motels, other traveler accom modations, clubs, and housing at schools. 19. Consists of operating expenses o f com m ercial life insurance carriers and fraternal benefit life insurance. For com m ercial life insurance carriers, excludes expenses for accident and health insurance and includes profits of stock com panies and services furnished w ithout paym ent by banks, credit agencies, and investm ent companies. 20. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for insurance on personal property (except m otor vehicles). 21. Consists of premiums less benefits for health, hospitalization, and accidental death and dism em berment insurance. 22. Consists of premiums less benefits for income loss insurance. 23. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for privately adm inis tered workers’ compensation. 24. Consists of premiums plus premium supplements less normal losses and dividends paid to policyholders for m otor vehicle and other transportation insurance. 25. Consists of cosm etics and toiletries, electric appliances for personal care, hairdressing salons, and miscellaneous personal care services. 26. Consists of jewelry, watches, luggage, and similar personal items. 27. Consists of household purchases of goods and services from business, government, and nonprofit institutions providing social services and religious activities. Purchases from nonprofit establishments exclude unrelated sales, secondary sales, and sales to businesses, government, and the rest of the world, but include m embership dues and fees. 28. Consists o f tax preparation and other related services, em ploym ent agency services, and other personal business services. 29. Net expenses of NPISHs, defined as their gross operating expenses less prim ary sales to households. 30. Gross output is net of unrelated sales, secondary sales, and sales to business, government, and the rest of the world; excludes ow n-account investm ent (construction and software). 31. Excludes unrelated sales, secondary sales, and sales to business, government, and the rest of the world; includes mem ber ship dues and fees. Note. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 current-dollar value of the corresponding series, divided by 100. Because the form ula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar estim ates are usually not additive. The residual line is the difference between the first line and the sum of the most detailed lines September 2013 103 S u r v ey o f C u r r e n t B u sin ess Table 2.6. Personal Income and Its Disposition, Monthly—Continues [Billions of dollars; months seasonally adjusted at annual rates] 2009 Line January February March April May June August July September October November December Personal income........................................................................................ Compensation of employees................................................................... Wages and salaries............................................................................. Private industries............................................................................. Government.................................................................................... Supplements to wages and salaries.................................................... Employer contributions for employee pension and insurance funds 1 Employer contributions for government social insurance................. Proprietors’ income with inventory valuation and capital consumption adjustments......................................................................................... Farm................................................................................................... Nonfarm.............................................................................................. Rental income of persons with capital consumption adjustment.............. Personal income receipts on assets........................................................ Personal interest income.... Personal dividend income.. Personal current transfer receipts............................................................ Government social benefits to persons............................................... Social security 2............ Medicare 3..................... Medicaid......................................................................................... Unemployment insurance................................................................ Veterans’ benefits Other.............................................................................................. Other current transfer receipts, from business (net)............................ Less: Contributions for government social insurance, domestic............... 1 2 3 4 5 6 7 8 12,126.9 7,829.3 6,292.8 5,126.0 1,166.8 1,536.4 1,076.1 460.3 12,014.9 7,746.7 6,216.3 5,049.9 1,166.4 1,530.5 1,075.1 455.3 11,973.9 7,713.2 6,184.7 5,017.2 1,167.5 1,528.5 1,074.6 453.8 12,014.5 7,769.2 6,237.0 5,063.4 1,173.5 1,532.2 1,074.6 457.7 12,201.8 7,802.8 6,267.9 5,091.5 1,176.4 1,534.9 1,074.7 460.1 12,079.8 7,801.7 6,266.1 5,088.1 1,178.0 1,535.6 1,075.4 460.2 12,039.7 7,774.5 6,240.3 5,062.7 1,177.7 1,534.2 1,076.3 457.9 12,046.6 7,774.4 6,239.5 5,061.6 1,177.9 1,534.9 1,077.2 457.7 12,083.8 7,775.6 6,239.7 5,062.2 1,177.5 1,536.0 1,078.6 457.4 12,078.8 7,799.1 6,260.9 5,081.9 1,179.0 1,538.3 1,080.3 457.9 12,138.2 7,831.9 6,289.8 5,109.9 1,179.9 1,542.1 1,082.3 459.8 12,186.3 7,835.3 6,291.8 5,110.7 1,181.1 1,543.5 1,084.5 459.0 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 955.9 32.1 923.8 307.4 1,996.3 1,313.5 682.8 2,006.9 1,969.2 648.1 482.1 353.1 90.1 49.7 346.1 37.8 968.8 942.4 29.4 913.0 310.6 1,946.8 1,298.1 648.7 2,027.5 1,989.6 651.9 485.0 356.8 98.4 49.1 348.3 37.9 959.1 934.2 29.0 905.2 314.4 1,904.8 1,277.9 626.9 2,063.1 2,025.1 655.6 487.6 363.1 112.4 50.3 356.1 38.0 955.9 937.3 30.8 906.5 318.9 1,856.3 1,281.6 574.7 2,096.1 2,058.0 661.9 490.1 365.4 117.5 50.2 372.8 38.2 963.3 944.6 32.0 912.6 324.7 1,832.4 1,282.3 550.1 2,265.1 2,226.8 657.4 492.4 368.2 129.1 50.1 529.5 38.3 967.8 952.0 32.8 919.2 331.5 1,812.8 1,282.2 530.5 2,149.6 2,111.1 668.0 494.6 372.0 140.2 51.1 385.3 38.5 967.8 962.1 33.4 928.7 338.9 1,777.4 1,266.0 511.4 2,150.7 2,112.0 665.1 496.6 378.0 139.7 51.3 381.3 38.7 963.9 978.1 35.3 942.8 344.8 1,750.8 1,251.0 499.8 2,161.9 2,123.0 662.0 498.4 379.4 149.0 52.0 382.3 38.9 963.4 990.6 38.4 952.2 349.5 1,730.7 1,236.4 494.3 2,200.2 2,161.1 676.7 500.1 377.0 149.3 52.7 405.4 39.1 963.0 1,010.2 43.1 967.1 352.9 1,712.5 1,224.6 487.9 2,168.7 2,129.3 673.0 501.5 372.6 141.2 53.1 387.9 39.4 964.7 1,026.6 45.1 981.6 354.9 1,708.9 1,224.7 484.2 2,184.1 2,144.4 671.5 502.8 371.8 151.4 54.3 392.5 39.7 968.1 1,042.0 44.1 997.8 355.9 1,711.7 1,228.8 482.9 2,208.5 2,168.5 682.5 504.0 373.5 156.3 54.4 397.8 39.9 967.0 Less: Personal current taxes................................................................... 26 1,226.7 1,195.2 1,164.6 1,126.1 1,125.6 1,124.0 1,125.3 1,126.9 1,127.1 1,128.4 1,133.6 1,135.8 Equals: Disposable personal income 27 10,900.2 10,819.7 10,809.3 10,888.4 11,076.2 10,955.8 10,914.4 10,919.7 10,956.6 10,950.4 11,004.6 11,050.5 Less: Personal outlays............ Personal consumption expenditures........................................................ Personal interest payments 4. Personal current transfer payments To government.................. To the rest of the world (net)................................................................ 28 29 30 31 32 33 10,200.9 9,785.3 268.7 146.9 83.2 63.7 10,187.6 9,768.7 271.9 147.0 83.3 63.7 10,158.0 9,735.8 275.1 147.1 83.4 63.7 10,159.9 9,734.1 277.2 148.6 83.4 65.2 10,182.1 9,755.4 278.0 148.7 83.5 65.2 10,231.5 9,805.2 277.6 148.8 83.6 65.2 10,260.2 9,832.8 277.9 149.5 83.6 65.9 10,387.4 9,958.9 278.9 149.6 83.6 65.9 10,300.9 9,870.6 280.6 149.7 83.7 65.9 10,350.7 9,922.9 274.6 153.1 83.7 69.4 10,365.5 9,944.9 267.4 153.2 83.7 69.4 10,413.1 10,000.7 259.2 153.1 83.7 69.4 Equals: Personal saving........................................................................... Personal saving as a percentage of disposable personal incom e.... 34 699.2 632.1 651.3 728.5 894.1 724.3 654.2 532.3 655.7 599.7 639.1 637.4 35 6.4 5.8 6.0 6.7 8.1 6.6 6.0 4.9 6.0 5.5 5.8 5.8 Addenda: Personal income excluding current transfer receipts (billions of chained 2009 dollars)5..................................................................... Disposable personal income: Total, billions of chained (2009) dollars 5............................................. Per capita: Current dollars................................................................................. Chained (2009) dollars.................................................................... Population (midperiod, thousands)6....................................................... See the footnotes at the end of the table. 36 10,214.9 10,059.2 9,991.3 9,984.3 9,989.3 9,923.8 9,887.3 9,856.6 9,839.2 9,835.1 9,856.1 9,874.2 37 11,002.4 10,897.5 10,897.1 10,960.7 11,134.9 10,948.7 10,912.6 10,888.7 10,907.4 10,867.6 10,896.2 10,935.7 38 39 40 35,617 35,952 306,035 35,331 35,585 306,237 35,274 35,560 306,438 35,508 35,744 306,645 36,095 36,286 306,863 35,676 35,653 307,090 35,515 35,509 307,322 35,503 35,402 307,570 35,594 35,434 307,826 35,545 35,276 308,071 35,696 35,344 308,289 35,821 35,449 308,495 104 Personal Income and Outlays September 2013 Table 2.6. Personal Income and Its Disposition, Monthly—Continues [Billions of dollars; months seasonally adjusted at annual rates] 2010 Line January February March April May June July August September October November December Personal income........................................................................................ Compensation of employees Wages and salaries........ Private industries........ Government................ Supplements to wages and salaries.................................................... Employer contributions for employee pension and insurance funds 1 Employer contributions for government social insurance................. Proprietors’ income with inventory valuation and capital consumption adjustments......................................................................................... Farm Nonfarm.... Rental income of persons with capital consumption adjustment.............. Personal income receipts on assets........................................................ Personal interest income..................................................................... Personal dividend income Personal current transfer receipts............................................................ Government social benefits to persons............................................... Social security 2.............................................................................. Medicare 3.................. Medicaid..................... Unemployment insurance................................................................ Veterans’ benefits............................................................................ Other............................................................................................... Other current transfer receipts, from business (net)............................. Less: Contributions for government social insurance, domestic............... 1 2 3 4 5 6 7 8 12,196.0 7,814.3 6,254.3 5,068.2 1,186.1 1,560.0 1,093.6 466.3 12,172.3 7,780.7 6,217.4 5,030.5 1,186.9 1,563.3 1,100.5 462.9 12,214.6 7,817.9 6,247.0 5,057.8 1,189.3 1,570.9 1,106.8 464.1 12,305.6 7,901.1 6,321.1 5,129.4 1,191.8 1,580.0 1,112.4 467.6 12,399.8 7,976.7 6,387.6 5,187.2 1,200.5 1,589.0 1,117.7 471.3 12,417.6 7,980.5 6,387.8 5,189.6 1,198.2 1,592.7 1,122.1 470.6 12,457.3 8,011.2 6,414.3 5,220.0 1,194.3 1,596.9 1,125.9 471.0 12,521.4 8,032.3 6,431.3 5,240.9 1,190.4 1,600.9 1,129.1 471.8 12,527.6 8,036.0 6,433.5 5,247.3 1,186.2 1,602.5 1,131.8 470.7 12,592.2 8,069.0 6,463.4 5,273.0 1,190.5 1,605.6 1,133.8 471.8 12,650.1 8,073.1 6,466.4 5,276.8 1,189.6 1,606.7 1,135.2 471.4 12,767.8 8,114.9 6,506.0 5,316.6 1,189.3 1,609.0 1,136.1 472.8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 1,028.3 40.3 988.1 370.4 1,714.4 1,216.7 497.7 2,244.1 2,203.8 676.2 503.3 379.6 161.5 54.9 428.3 40.2 975.4 1,012.7 38.5 974.2 381.5 1,714.2 1,205.0 509.2 2,252.2 2,211.7 678.6 505.1 382.4 159.0 56.7 430.0 40.6 969.1 1,011.8 38.7 973.0 389.5 1,703.4 1,196.6 506.8 2,263.7 2,222.8 681.7 506.9 383.1 159.0 56.1 435.8 40.9 971.5 1,023.0 41.0 982.0 393.3 1,709.8 1,195.8 514.0 2,257.7 2,216.4 688.8 508.8 382.8 145.2 56.4 434.4 41.3 979.3 1,029.9 43.2 986.7 397.4 1,722.1 1,197.7 524.4 2,260.6 2,218.8 689.9 510.7 383.7 141.6 57.5 435.6 41.9 986.9 1,021.0 45.4 975.7 401.0 1,736.6 1,202.6 534.0 2,264.2 2,221.8 689.0 512.6 389.4 134.7 57.6 438.3 42.5 985.8 1,024.1 47.6 976.5 404.3 1,739.6 1,195.9 543.7 2,265.7 2,222.7 693.4 514.6 399.9 119.5 58.2 437.1 43.0 987.6 1,029.9 48.8 981.1 408.2 1,739.0 1,184.1 554.9 2,301.4 2,258.1 690.7 516.6 406.3 143.1 59.0 442.5 43.3 989.3 1,033.7 49.0 984.7 412.5 1,735.5 1,168.5 567.0 2,298.0 2,254.6 696.7 518.6 410.2 129.4 59.5 440.2 43.5 988.2 1,042.9 48.3 994.7 416.5 1,755.1 1,179.6 575.5 2,299.5 2,253.3 696.4 520.7 412.0 126.1 59.3 438.7 46.2 990.9 1,057.6 51.6 1,006.0 423.8 1,781.4 1,192.3 589.1 2,304.8 2,258.9 695.5 522.8 413.7 126.3 60.3 440.3 45.9 990.7 1,077.2 59.7 1,017.5 434.6 1,824.6 1,205.5 619.2 2,310.9 2,264.7 705.1 525.0 416.6 120.9 60.1 437.0 46.2 994.5 Less: Personal current taxes.................................................................... 26 1,147.1 1,142.5 1,147.2 1,155.9 1,170.1 1,177.8 1,196.1 1,210.7 1,221.5 1,233.3 Equals: Disposable personal income...................................................... 27 11,048.9 11,029.8 11,067.4 11,149.7 11,229.7 11,239.8 11,261.2 11,310.7 11,306.0 11,358.9 1,241.3 11,408.8 1,254.2 11,513.7 Less: Personal outlays......... Personal consumption expenditures........................................................ Personal interest payments 4................................................................... Personal current transfer payments......................................................... To government................ To the rest of the world (net)................................................................ 28 29 30 31 32 33 10,421.4 10,002.9 260.2 158.4 84.0 74.4 10,449.8 10,031.7 259.7 158.4 84.0 74.4 10,508.4 10,092.3 257.7 158.4 84.0 74.4 10,512.8 10,104.4 253.1 155.3 83.9 71.4 10,543.0 10,136.3 251.5 155.2 83.9 71.4 10,571.2 10,163.4 252.6 155.2 83.9 71.4 10,591.4 10,185.1 249.8 156.5 83.8 72.7 10,651.4 10,248.1 246.8 156.5 83.8 72.7 10,669.7 10,269.6 243.7 156.4 83.7 72.7 10,748.1 10,346.8 243.9 157.4 83.7 73.6 10,806.0 10,404.1 244.5 157.4 83.7 73.6 10,840.9 10,437.9 245.6 157.4 83.8 73.6 Equals: Personal saving........................................................................... 34 627.5 580.1 559.0 668.6 669.9 659.3 636.3 610.8 602.7 672.7 35 5.7 5.3 5.1 636.8 5.7 686.7 Personal saving as a percentage of disposable personal income 6.1 5.9 5.9 5.8 5.6 5.4 5.3 5.8 36 9,830.8 9,798.1 9,817.4 9,914.3 10,000.2 10,008.6 10,034.4 10,048.0 10,048.2 10,086.6 10,121.7 10,206.6 37 10,914.5 10,894.2 10,918.8 11,001.4 11,075.7 11,079.6 11,087.5 11,120.4 11,105.6 11,131.5 11,162.2 11,238.0 38 39 40 35,791 35,356 308,706 35,706 35,267 308,904 35,806 35,326 309,090 36,051 35,572 309,271 36,289 35,791 309,453 36,299 35,782 309,645 36,344 35,783 309,851 36,478 35,865 310,065 36,438 35,792 310,285 36,583 35,851 310,493 36,722 35,928 310,682 37,038 36,151 310,863 Addenda: Personal income excluding current transfer receipts (billions of chained 2009 dollars)5..................................................................... Disposable personal income: Total, billions of chained (2009) dollars 5............................................. Per capita: Current dollars................................................................................. Chained (2009) dollars.................................................................... Population (midperiod, thousands)6....................................................... See the footnotes at the end of the table. September 2013 105 S u r v e y o f C u r r e n t B u sin ess Table 2.6. Personal Income and Its Disposition, Monthly—Continues [Billions of dollars; months seasonally adjusted at annual rates] 2011 Line January Personal income........................................................................................ Compensation of employees................................................................... Wages and salaries............................................................................. Private industries............................................................................. Government..................................................................................... Supplements to wages and salaries.................................................... Employer contributions for employee pension and insurance funds1 Employer contributions for government social insurance................. Proprietors’ income with inventory valuation and capital consumption adjustments......................................................................................... Farm................................................................................................... Nonfarm.............................................................................................. Rental income of persons with capital consumption adjustment.............. Personal income receipts on assets........................................................ Personal interest income..................................................................... Personal dividend income............ ........ Personal current transfer receipts..... ........ Government social benefits to persons............................................... Social security 2....................... ........ Medicare 3...................................................................................... Medicaid....................... ........ Unemployment insurance................................................................ Veterans’ benefits......... ........ Other.............................................................................................. Other current transfer receipts, from business (net)............................ Less: Contributions for government social insurance, domestic............... February March April June May July August September October November December 1 2 3 4 5 6 7 8 12,971.1 8,181.5 6,553.8 5,363.6 1,190.3 1,627.6 1,137.3 490.4 13,043.6 8,211.4 6,581.3 5,391.5 1,189.8 1,630.0 1,138.1 491.9 13,075.0 8,229.5 6,597.6 5,405.9 1,191.7 1,631.9 1,139.1 492.7 13,102.6 8,234.9 6,602.2 5,406.5 1,195.7 1,632.7 1,140.4 492.3 13,142.0 8,249.4 6,614.2 5,417.9 1,196.3 1,635.2 1,141.8 493.3 13,201.0 8,284.7 6,646.6 5,444.8 1,201.8 1,638.2 1,143.5 494.7 13,278.3 8,352.3 6,707.9 5,508.9 1,199.0 1,644.4 1,145.3 499.1 13,292.5 8,342.3 6,697.1 5,497.4 1,199.6 1,645.2 1,147.1 498.1 13,280.0 8,335.3 6,689.0 5,492.9 1,196.1 1,646.3 1,149.3 496.9 13,280.1 8,301.5 6,655.2 5,463.8 1,191.4 1,646.3 1,151.8 494.6 13,270.3 8,276.0 6,629.3 5,439.4 1,190.0 1,646.7 1,154.3 492.4 13,359.4 8,343.2 6,690.1 5,498.5 1,191.6 1,653.1 1,157.0 496.0 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 1,101.1 69.9 1,031.2 448.7 1,842.3 1,203.7 638.6 2,307.6 2,260.6 702.1 527.2 418.0 122.4 61.1 429.8 47.0 910.1 1,119.4 73.5 1,045.9 459.6 1,857.9 1,203.0 654.9 2,308.3 2,262.1 702.0 529.3 419.2 117.2 61.5 432.9 46.2 912.9 1,129.1 71.6 1,057.4 467.3 1,851.0 1,201.9 649.1 2,312.9 2,265.9 705.7 531.3 419.1 114.6 62.0 433.2 47.0 914.7 1,133.2 67.2 1,066.0 471.3 1,865.6 1,203.8 661.8 2,311.9 2,264.7 713.7 533.2 413.0 109.8 62.6 432.4 47.3 914.4 1,137.5 66.1 1,071.4 475.6 1,882.6 1,209.5 673.1 2,312.9 2,265.6 712.7 535.0 409.2 111.9 61.5 435.3 47.3 916.0 1,151.3 69.2 1,082.0 479.7 1,902.0 1,219.0 683.0 2,302.2 2,255.0 712.6 536.7 403.8 105.6 63.4 432.9 47.2 918.9 1,163.9 72.8 1,091.1 483.2 1,903.7 1,211.4 692.3 2,301.4 2,254.1 715.0 538.3 398.6 105.1 63.7 433.4 47.4 926.3 1,185.5 76.0 1,109.5 489.1 1,900.2 1,203.1 697.1 2,300.2 2,253.3 715.2 539.9 394.4 104.7 64.6 434.5 46.9 924.7 1,176.5 73.6 1,102.9 497.5 1,893.9 1,194.5 699.4 2,300.0 2,253.5 716.8 541.3 395.4 99.0 65.7 435.3 46.5 923.2 1,182.9 76.0 1,106.9 507.0 1,903.0 1,198.9 704.1 2,304.9 2,258.5 717.4 542.6 396.8 102.5 64.6 434.6 46.4 919.2 1,184.9 77.3 1,107.6 514.5 1,904.8 1,200.4 704.4 2,305.7 2,259.9 717.9 543.9 398.7 99.9 64.2 435.3 45.8 915.8 1,196.2 77.4 1,118.8 519.1 1,908.3 1,199.6 708.7 2,314.9 2,270.0 728.2 545.0 399.4 98.0 64.3 435.1 44.9 922.3 Less: Personal current taxes................................................................... 26 1,366.6 1,376.4 1,384.9 1,391.6 1,399.1 1,409.1 1,421.3 1,421.7 1,421.6 1,414.9 1,412.6 1,427.7 Equals: Disposable personal income...................................................... 27 11,667.2 11,690.1 11,711.0 11,742.9 11,791.9 11,857.0 11,870.8 11,858.3 11,865.2 11,857.7 11,931.6 Less: Personal outlays.............................................................................. Personal consumption expenditures........................................................ Personal interest payments4 Personal current transfer payments......................................................... To government.................. To the rest of the world (net)................................................................ 28 29 30 31 32 33 11,604.5 10,876.7 10,470.0 248.9 157.8 83.9 73.8 10,926.3 10,517.1 251.3 157.9 84.1 73.8 11,005.1 10,594.2 252.7 158.1 84.2 73.8 11,041.8 10,631.9 250.9 159.0 84.5 74.5 11,070.6 10,663.4 248.0 159.2 84.7 74.5 11,096.0 10,692.4 244.1 159.5 85.0 74.5 11,149.4 10,745.3 246.0 158.1 85.3 72.9 11,177.2 10,770.2 248.5 158.5 85.6 72.9 11,230.9 10,820.3 251.7 158.9 86.0 72.9 11,276.8 10,866.3 249.1 161.4 86.4 75.0 11,290.2 10,883.4 245.0 161.8 86.8 75.0 11,288.6 10,887.0 239.4 162.2 87.1 75.0 Equals: Personal saving........................................................................... 34 727.8 740.9 685.0 669.2 672.3 695.9 707.6 693.7 627.4 588.4 567.5 643.1 Personal saving as a percentage of disposable personal income.... 35 6.3 6.4 5.9 5.7 5.7 5.9 6.0 5.8 5.3 5.0 4.8 5.4 36 10,386.3 10,427.1 10,413.5 10,408.0 10,412.1 10,467.3 10,523.9 10,514.6 10,484.3 10,476.1 10,452.3 10,522.1 37 11,302.8 11,332.2 11,311.3 11,295.8 11,290.7 11,325.1 11,367.7 11,354.8 11,323.0 11,325.6 11,303.7 11,367.4 38 39 40 37,310 36,340 311,031 37,492 36,416 311,189 37,672 36,221 311,715 37,806 36,309 311,905 37,940 36,215 312,735 37,894 36,123 312,919 38,109 36,306 313,095 Addenda: Personal income excluding current transfer receipts (billions of chained 2009 dollars)5..................................................................... Disposable personal income: Total, billions of chained (2009) dollars 5............................................. Per capita: Current dollars................................................................................. Chained (2009) dollars.................................................................... Population (midperiod, thousands)6....................................................... See the footnotes at the end of the table. 37,546 36,329 311,356 37,591 36,259 311,534 37,990 36,422 312,108 38,009 36,357 312,317 37,943 36,230 312,531 106 Personal Income and Outlays September 2013 Table 2.6. Personal Income and Its Disposition, Monthly—Continues [Billions of dollars; months seasonally adjusted at annual rates] 2012 Line January February March April May June July August September October November December Personal income........................................................................................ Compensation of employees................................................................... Wages and salaries.... Private industries.... Government........... Supplements to wages and salaries.................................................... Employer contributions for employee pension and insurance funds 1 Employer contributions for government social insurance................. Proprietors’ income with inventory valuation and capital consumption adjustments......................................................................................... Farm.... Nonfarm............................................................................................... Rental income of persons with capital consumption adjustment.............. Personal income receipts on assets........................................................ Personal interest income..................................................................... Personal dividend income................................................................... Personal current transfer receipts............................................................ Government social benefits to persons............................................... Social security 2 ......................................................................... Medicare 3............. Medicaid................ Unemployment insurance................................................................ Veterans' benefits... Other............................................................................................... Other current transfer receipts, from business (net)............................. Less: Contributions for government social insurance, domestic............... 1 2 3 4 5 6 7 8 13,473.6 8,453.4 6,787.5 5,590.0 1,197.4 1,666.0 1,159.5 506.5 13,561.9 8,528.9 6,855.8 5,655.5 1,200.3 1,673.1 1,162.2 510.9 13,610.2 8,560.5 6,883.4 5,682.9 1,200.5 1,677.1 1,164.8 512.3 13,640.7 8,565.0 6,885.2 5,687.6 1,197.6 1,679.8 1,167.1 512.7 13,637.0 8,536.8 6,857.6 5,662.9 1,194.7 1,679.2 1,169.2 510.0 13,677.8 8,559.6 6,877.8 5,683.5 1,194.2 1,681.9 1,171.1 510.8 13,666.6 8,549.8 6,866.9 5,674.3 1,192.5 1,682.9 1,172.7 510.2 13,679.8 8,577.6 6,892.5 5,697.5 1,195.0 1,685.1 1,174.2 511.0 13,758.3 8,645.5 6,954.9 5,757.2 1,197.7 1,690.7 1,175.3 515.3 13,815.3 8,674.7 6,981.6 5,783.8 1,197.8 1,693.1 1,176.2 516.9 13,983.9 8,777.2 7,077.3 5,877.8 1,199.4 1,700.0 1,176.9 523.0 14,420.2 8,910.3 7,200.8 6,000.1 1,200.7 1,709.5 1,177.4 532.2 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 1,204.3 75.3 1,129.0 521.1 1,907.4 1,203.1 704.3 2,324.0 2,279.9 748.4 546.1 396.5 103.2 66.2 419.6 44.0 936.6 1,218.1 74.3 1,143.8 524.5 1,908.9 1,205.4 703.5 2,325.6 2,282.3 752.5 547.5 399.1 96.8 67.0 419.4 43.3 944.1 1,220.7 74.3 1,146.4 528.8 1,911.1 1,206.3 704.8 2,335.9 2,293.2 759.0 549.3 406.8 90.3 68.1 419.6 42.7 946.8 1,221.1 77.3 1,143.8 533.8 1,919.5 1,209.0 710.5 2,348.6 2,306.4 757.7 551.5 415.7 93.3 68.4 419.8 42.2 947.3 1,218.7 77.9 1,140.8 538.1 1,936.0 1,217.5 718.6 2,350.5 2,308.8 757.9 554.1 423.2 84.2 69.2 420.3 41.7 943.2 1,213.6 75.9 1,137.8 541.4 1,950.5 1,231.8 718.7 2,357.5 2,316.2 765.6 557.0 423.8 80.1 69.1 420.6 41.3 944.8 1,213.1 74.7 1,138.5 543.8 1,939.4 1,222.8 716.6 2,364.2 2,323.3 762.3 560.2 421.5 85.2 70.8 423.2 40.9 943.7 1,217.2 74.7 1,142.4 546.6 1,930.2 1,206.1 724.1 2,353.8 2,313.2 759.1 563.9 421.5 74.5 71.6 422.7 40.6 945.6 1,236.5 75.6 1,161.0 553.0 1,933.0 1,198.7 734.3 2,373.8 2,333.6 762.5 572.3 423.4 75.2 72.8 427.4 40.2 955.7 1,249.0 74.5 1,174.5 556.3 1,986.4 1,217.6 768.9 2,381.4 2,341.4 767.0 577.1 425.3 72.3 73.2 426.4 40.0 966.4 1,256.9 73.4 1,183.5 556.9 2,269.0 1,239.1 1,029.9 2,408.8 2,368.8 781.1 582.2 426.6 78.3 73.9 426.6 40.0 981.6 Less: Personal current taxes 26 1,447.8 1,465.5 1,475.2 1,478.8 1,477.3 1,483.9 1,484.8 1,493.7 1,229.7 76.6 1,153.2 549.6 1,911.2 1,182.2 728.9 2,375.2 2,334.8 772.9 567.9 421.4 76.5 71.5 424.6 40.3 953.0 1,510.7 1,521.2 1,546.0 1,591.0 Equals: Disposable personal income 27 12,025.8 12,096.4 12,135.0 12,161.9 12,159.8 12,193.8 12,181.7 12,186.1 12,247.6 12,294.1 12,437.8 12,829.2 Less: Personal outlays................ Personal consumption expenditures Personal interest payments 4 Personal current transfer payments......................................................... To government..................................................................................... To the rest of the world (net)................................................................ 28 29 30 31 32 33 11,355.6 10,952.5 242.7 160.4 87.4 73.0 11,447.5 11,038.9 247.9 160.7 87.7 73.0 11,482.1 11,065.8 255.3 161.0 88.0 73.0 11,512.4 11,100.3 251.5 160.6 88.2 72.4 11,501.5 11,093.6 247.1 160.8 88.4 72.4 11,510.0 11,106.7 242.3 161.0 88.6 72.4 11,555.2 11,151.2 247.4 156.6 88.7 67.9 11,583.2 11,175.3 251.1 156.8 88.8 67.9 11,664.7 11,254.4 253.5 156.8 88.9 67.9 11,679.2 11,266.1 249.8 163.3 88.9 74.4 11,700.2 11,289.8 247.0 163.4 89.0 74.4 11,709.3 11,300.6 245.1 163.5 89.2 74.4 ............................................................. Equals: Personal saving.. 34 670.2 648.9 652.9 649.6 658.3 683.9 626.5 603.0 582.8 614.9 737.6 1,119.9 35 5.6 5.4 5.4 5.3 5.4 5.6 5.1 4.9 4.8 5.0 5.9 8.7 Personal income excluding current transfer receipts (billions of chained 2009 dollars)5..................................................................... 36 10,596.9 10,653.7 10,664.5 10,680.5 10,680.4 10,695.5 10,675.9 10,665.1 10,687.4 10,723.0 10,886.8 11,269.4 Disposable personal income: Total, billions of chained (2009) dollars 5............................................. Per capita: Current dollars................................................................................. Chained (2009) dollars.................................................................... Population (midperiod, thousands)6....................................................... 37 11,429.6 11,469.2 11,478.6 11,503.2 11,506.8 11,520.7 11,506.6 11,475.1 11,499.0 11,522.0 11,670.7 12,036.5 38 39 40 38,389 36,486 313,261 38,595 36,594 313,422 38,697 36,604 313,593 38,760 36,661 313,773 38,731 36,651 313,957 38,815 36,673 314,150 38,752 36,604 314,353 38,740 36,480 314,562 38,909 36,531 314,777 39,031 36,580 314,981 39,465 37,030 315,165 40,683 38,170 315,341 Personal saving as a percentage of disposable personal income Addenda: See the footnotes at the end of the table. September 2013 107 S u r v ey o f C u r r e n t B u sin ess Table 2.6. Personal Income and Its Disposition, Monthly—Table Ends [Billions of dollars; months seasonally adjusted at annual rates] 2013 Line January February April March May July June Personal income........................................................................................ Compensation of employees................................................................... Wages and salaries............................................................................. Private industries............................................................................. Government...... Supplements to wages and salaries.................................................... Employer contributions for employee pension and insurance funds1 Employer contributions for government social insurance................. Proprietors’ income with inventory valuation and capital consumption adjustments......................................................................................... Farm.......... Nonfarm Rental income of persons with capital consumption adjustment.............. Personal income receipts on assets........................................................ Personal interest income..................................................................... Personal dividend income................................................................... Personal current transfer receipts............................................................ Government social benefits to persons............................................... Social security 2.............................................................................. Medicare 3.................... Medicaid....................... Unemployment insurance................................................................ Veterans’ benefits Other.............................................................................................. Other current transfer receipts, from business (net)............................ Less: Contributions for government social insurance, domestic............... 1 2 3 4 5 6 7 8 13,791.7 8,705.8 7,001.5 5,803.5 1,198.0 1,704.3 1,180.8 523.5 13,969.3 8,762.6 7,053.7 5,857.5 1,196.1 1,708.9 1,182.2 526.7 14,016.8 8,776.4 7,065.9 5,872.5 1,193.3 1,710.6 1,183.4 527.2 14,017.7 8,788.7 7,075.2 5,880.8 1,194.4 1,713.5 1,185.9 527.6 14,062.7 8,806.2 7,090.3 5,895.5 1,194.8 1,715.9 1,187.7 528.3 14,100.9 8,840.2 7,120.8 5,926.8 1,194.0 1,719.3 1,189.4 529.9 14,115.0 8,818.3 7,099.0 5,911.5 1,187.6 1,719.2 1,191.0 528.2 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 1,293.9 105.2 1,188.7 565.6 1,895.9 1,227.4 668.5 2,419.4 2,375.5 785.0 586.8 423.5 75.6 76.1 428.6 43.8 1,088.9 1,339.4 137.0 1,202.3 574.9 1,960.0 1,215.8 744.2 2,427.8 2,383.9 789.0 591.1 423.6 73.8 78.2 428.1 44.0 1,095.4 1,370.6 168.9 1,201.7 584.2 1,951.5 1,204.1 747.4 2,430.9 2,386.7 795.4 590.1 424.0 72.3 76.1 429.0 44.1 1,096.8 1,352.3 144.3 1,208.0 585.1 1,974.0 1,217.0 757.0 2,415.5 2,371.3 785.8 584.4 422.2 70.4 78.0 430.5 44.3 1,097.9 1,334.9 119.7 1,215.2 587.6 1,999.9 1,229.9 770.0 2,433.6 2,389.2 797.3 587.0 425.1 68.9 80.3 430.6 44.4 1,099.6 1,312.7 95.1 1,217.6 590.3 2,022.0 1,242.7 779.3 2,439.1 2,394.5 801.6 590.4 423.8 65.8 81.6 431.4 44.5 1,103.2 1,320.1 101.3 1,218.7 598.2 2,035.3 1,239.2 796.1 2,443.5 2,398.8 799.1 594.1 429.1 63.0 80.7 432.7 44.7 1,100.4 Less: Personal current taxes................................................................... 26 1,612.9 1,632.6 1,641.5 1,653.8 1,664.8 1,675.8 1,668.0 Equals: Disposable personal income 27 12,178.7 12,336.7 12,375.2 12,363.9 12,397.9 12,425.2 12,446.9 Less: Personal outlays...................... Personal consumption expenditures. Personal interest payments4 .......... Personal current transfer payments......................................................... To government.................. To the rest of the world (net)................................................................ 28 29 30 31 32 33 11,734.4 11,321.4 247.8 165.2 89.3 75.9 11,812.8 11,397.1 250.4 165.3 89.4 75.9 11,837.5 11,419.0 253.1 165.4 89.5 75.9 11,807.9 11,394.7 248.5 164.6 89.7 74.9 11,824.3 11,415.5 244.0 164.8 89.9 74.9 11,884.0 11,479.5 239.4 165.0 90.1 74.9 11,902.4 11,495.8 241.3 165.3 90.4 74.9 Equals: Personal saving 34 444.4 523.9 537.7 556.0 573.6 541.2 544.5 35 3.6 4.2 4.3 4.5 4.6 4.4 4.4 36 10,662.0 10,778.3 10,830.2 10,873.7 10,888.1 10,874.4 10,873.3 37 11,418.1 11,520.9 11,568.0 11,587.6 11,608.0 11,586.1 11,595.7 38 39 40 38,601 36,190 315,507 39,081 36,497 315,668 39,182 36,626 315,838 39,124 36,668 316,019 39,209 36,711 316,202 39,271 36,619 316,395 39,314 36,626 316,600 Personal saving as a percentage of disposable personal income Addenda: Personal income excluding current transfer receipts (billions of chained 2009 d ollars)5..................................................................... Disposable personal income: Total, billions of chained (2009) dollars 5............................................. Per capita: Current dollars................................................................................. Chained (2009) dollars.................................................................... Population (midperiod, thousands)6....................................................... 1. Includes actual employer contributions and actuarially imputed employer contributions to reflect benefits accrued by defined benefit pension plan participants through service to employers in the current period. 2. Social security benefits include old-age, survivors, and disability insurance benefits that are distributed from the federal old-age and survivors insurance trust fund and the disability insurance trust fund. 3. Medicare benefits include hospital and supplementary medical insurance benefits that are distributed from the federal hospital insurance trust fund and the supplementary medical insurance trust fund. 4. Consists of nonmortgage interest paid by households. 5. The current-dollar measure is deflated by the implicit price deflator for personal consumption expenditures. 6. Population is the total population of the United States, including the Armed Forces overseas and the institutionalized population. The monthly estimate is the average of the estimates for the first of the month and the first of the following month; the annual estimate is the average of the monthly estimates. 108 Personal Income and Outlays September 2013 Table 2.7B. Wages and Salaries by Industry, Monthly [Billions of dollars; months seasonally adjusted at annual rates] 2009 Line January February March April May June July August September October November December Wages and salaries.................................... 1 6,292.8 6,216.3 6,184.7 6,237.0 6,267.9 6,266.1 6,240.3 6,239.5 6,239.7 6,260.9 6,289.8 6,291.8 Private industries...... Goods-producing industries............................. Manufacturing...... Services-producing industries.......................... Trade, transportation, and utilities................. Other services-producing industries 1.......... 2 3 4 5 6 7 5,126.0 1,112.3 683.9 4,013.8 1,004.2 3,009.6 5,049.9 1,090.9 674.2 3,959.0 989.7 2,969.3 5,017.2 1,070.4 664.1 3,946.8 978.2 2,968.6 5,063.4 1,065.0 665.7 3,998.4 982.0 3,016.3 5,091.5 1,055.6 658.1 4,035.9 986.8 3,049.0 5,088.1 1,049.8 653.8 4,038.3 981.2 3,057.1 5,062.7 1,042.1 649.0 4,020.5 974.6 3,045.9 5,061.6 1,040.6 648.9 4,021.0 979.6 3,041.4 5,062.2 1,036.9 650.5 4,025.3 982.9 3,042.4 5,081.9 1,040.8 657.6 4,041.0 983.2 3,057.9 5,109.9 1,046.9 665.3 4,063.0 986.1 3,076.9 5,110.7 1,044.1 664.0 4,066.6 986.8 3,079.8 Government....................................................... 8 1,166.8 1,166.4 1,167.5 1,173.5 1,176.4 1,178.0 1,177.7 1,177.9 1,177.5 1,179.0 1,179.9 1,181.1 2010 Line January February March April May June July August September October November December Wages and salaries.................................... 1 6,254.3 6,217.4 6,247.0 6,321.1 6,387.6 6,387.8 6,414.3 6,431.3 6,433.5 6,463.4 6,466.4 6,506.0 Private industries.............................................. Goods-producing industries............................. Manufacturing.............................................. Services-producing industries.......................... Trade, transportation, and utilities................. Other services-producing industries 1.......... 2 3 4 5 6 7 5,068.2 1,030.4 653.8 4,037.8 981.3 3,056.5 5,030.5 1,015.2 642.5 4,015.3 972.0 3,043.3 5,057.8 1,024.5 651.3 4,033.2 976.0 3,057.2 5,129.4 1,041.4 665.1 4,088.0 990.3 3,097.6 5,187.2 1,058.7 679.5 4,128.5 999.6 3,128.9 5,189.6 1,052.2 673.7 4,137.5 1,000.9 3,136.6 5,220.0 1,059.5 679.1 4,160.5 1,006.8 3,153.7 5,240.9 1,066.4 682.1 4,174.5 1,006.2 3,168.3 5,247.3 1,067.1 685.1 4,180.2 1,010.0 3,170.2 5,273.0 1,070.3 687.7 4,202.7 1,013.7 3,189.0 5,276.8 1,074.1 691.3 4,202.7 1,010.8 3,191.9 5,316.6 1,080.2 697.7 4,236.5 1,019.5 3,217.0 Government....................................................... 8 1,186.1 1,186.9 1,189.3 1,191.8 1,200.5 1,198.2 1,194.3 1,190.4 1,186.2 1,190.5 1,189.6 1,189.3 2011 Line January February March April May June July August September October November December Wages and salaries.................................... 1 6,553.8 6,581.3 6,597.6 6,602.2 6,614.2 6,646.6 6,707.9 6,697.1 6,689.0 6,655.2 6,629.3 6,690.1 Private industries.............................................. Goods-producing industries Manufacturing................. Services-producing industries.......................... Trade, transportation, and utilities................. Other services-producing inausiries 1.......... 2 3 4 5 6 7 5,363.6 1,092.3 705.2 4,271.3 1,027.8 3,243.5 5,391.5 1,089.9 700.9 4,301.6 1,032.0 3,269.6 5,405.9 1,098.2 710.3 4,307.7 1,035.6 3,272.1 5,406.5 1,094.8 704.4 4,311.7 1,040.1 3,271.7 5,417.9 1,098.2 705.9 4,319.7 1,039.7 3,279.9 5,444.8 1,100.5 704.8 4,344.2 1,046.9 3,297.3 5,508.9 1,114.5 713.6 4,394.4 1,057.0 3,337.4 5,497.4 1,114.3 711.6 4,383.1 1,054.0 3,329.2 5,492.9 1,111.7 709.5 4,381.1 1,053.5 3,327.7 5,463.8 1,103.6 706.8 4,360.1 1,053.7 3,306.4 5,439.4 1,093.6 699.9 4,345.8 1,052.4 3,293.5 5,498.5 1,113.4 712.3 4,385.0 1,061.4 3,323.6 Government....................................................... 8 1,190.3 1,189.8 1,191.7 1,195.7 1,196.3 1,201.8 1,199.0 1,199.6 1,196.1 1,191.4 1,190.0 1,191.6 2012 Line January February March April May June July August September October November December Wages and salaries.................................... 1 6,787.5 6,855.8 6,883.4 6,885.2 6,857.6 6,877.8 6,866.9 6,892.5 6,954.9 6,981.6 7,077.3 7,200.8 Private industries.............................................. Goods-producing industries............................. Manufacturing.............................................. Services-producing industries.......................... Trade, transportation, and utilities................. Other services-producing industries 1.......... Government....................................................... 2 3 4 5 6 7 5,590.0 1,138.3 727.8 4,451.7 1,080.1 3,371.5 5,655.5 1,155.0 736.7 4,500.6 1,091.0 3,409.5 5,682.9 1,154.4 735.1 4,528.5 1,089.2 3,439.3 5,687.6 1,162.8 741.3 4,524.8 1,083.9 3,440.9 5,662.9 1,146.0 730.8 4,516.9 1,081.2 3,435.7 5,683.5 1,150.8 734.9 4,532.8 1,086.3 3,446.5 5,674.3 1,147.7 733.8 4,526.6 1,083.8 3,442.8 5,697.5 1,142.3 730.3 4,555.2 1,089.3 3,465.9 5,757.2 1,150.0 732.9 4,607.2 1,097.0 3,510.3 5,783.8 1,142.8 725.2 4,641.0 1,102.5 3,538.6 5,877.8 1,160.6 735.2 4,717.2 1,116.6 3,600.6 6,000.1 1,197.4 761.2 4,802.6 1,123.6 3,679.0 8 1,197.4 1,200.3 1,200.5 1,197.6 1,194.7 1,194.2 1,192.5 1,195.0 1,197.7 1,197.8 1,199.4 1,200.7 2013 Line January February March April May June July Wages and salaries................................... 1 7,001.5 7,053.7 7,065.9 7,075.2 7,090.3 7,120.8 7,099.0 Private industries.............................................. Goods-producing industries............................. Manufacturing............................................. Services-producing industries.......................... Trade, transportation, and utilities................ Other services-producing industries ' .......... 2 3 4 5 6 7 5,803.5 1,163.7 736.1 4,639.8 1,107.0 3,532.8 5,857.5 1,178.4 745.2 4,679.2 1,116.1 3,563.1 5,872.5 1,179.4 745.1 4,693.1 1,122.5 3,570.6 5,880.8 1,179.7 745.4 4,701.0 1,120.7 3,580.3 5,895.5 1,184.3 747.4 4,711.2 1,124.6 3,586.6 5,926.8 1,191.9 752.7 4,735.0 1,126.7 3,608.3 5,911.5 1,187.7 749.0 4,723.8 1,124.7 3,599.0 Government....................................................... 8 1,198.0 1,196.1 1,193.3 1,194.4 1,194.8 1,194.0 1,187.6 1. Other services-producing industries consists of information; finance and insurance; real estate and rental and leasing; professional, scientific, and technical services; management of companies and enterprises; administrative and support and waste management and remediation services; educational services; health care and social assistance; arts, entertainment, and recreation; accommodation and food services; and other services. Note. Estimates in this table are based on the 2002 North American Industry Classification System (NAICS). September 2013 109 S u r v ey o f C u r r e n t B u sin e ss Table 2.8.1. Percent Change From Preceding Period in Real Personal Consumption Expenditures by Major Type of Product, Monthly [Percent change at monthly rates] 2009 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 0.4 -0.4 -0.2 -0.2 0.1 -0.1 0.3 1.0 -1.1 0.2 0.0 0.5 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 1.4 3.1 0.6 -0.8 -1.2 -0.6 -0.4 -0.8 -0.2 0.7 2.1 0.0 -0.3 0.8 -0.7 0.9 1.9 0.5 2.7 7.4 0.6 -3.1 -9.3 0.1 0.4 0.8 0.2 0.5 2.2 -0.2 0.5 0.3 0.6 Services...................................................................... 5 0.0 -0.4 -1.8 0.3 -0.4 0.0 -0.1 -0.2 0.0 0.0 0.2 -0.1 0.1 -0.3 0.5 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 0.3 0.4 2.6 0.5 0.3 -0.3 0.1 -2.8 -0.3 -0.2 -0.6 0.2 5.2 -0.3 -0.7 -0.1 0.2 -1.9 0.0 0.0 0.1 0.7 -1.6 0.2 0.2 0.0 -0.1 -1.7 -0.1 0.0 0.4 0.2 -1.0 0.4 0.5 1.0 0.0 3.3 1.1 1.0 -1.2 0.7 -1.0 -1.1 -1.3 0.2 0.1 0.9 0.2 0.2 0.3 0.1 -4.7 -0.1 0.2 0.2 0.9 5.2 0.6 0.3 2010 Line January February March April May July June August September Personal consumption expenditures (PCE)..... 1 -0.2 0.3 0.5 0.1 0.3 0.2 0.1 0.5 0.1 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 -0.3 -1.2 0.1 1.5 4.4 0.2 -0.1 -0.4 0.0 0.1 0.3 0.0 0.4 0.5 0.3 0.0 0.7 -0.4 0.9 0.6 1.0 0.3 0.3 0.2 Services...................................................................... 5 -0.1 0.4 0.2 0.5 0.2 0.0 0.3 0.3 0.1 0.2 0.3 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 -0.1 -0.4 -0.3 -0.2 -0.1 0.2 1.3 0.3 0.3 0.1 0.8 -0.8 -2.5 0.5 0.8 0.3 -0.6 -0.9 0.0 0.2 0.1 0.1 3.8 0.3 0.1 0.2 -0.2 0.3 0.3 0.3 0.2 -0.5 -0.3 0.1 0.2 0.4 1.5 0.6 0.5 0.4 October November December 0.5 1.1 2.6 0.4 0.4 0.1 0.4 -0.1 0.6 0.0 0.2 -0.1 0.1 0.2 0.4 0.1 0.2 0.0 -0.5 0.1 0.2 0.6 0.2 -0.9 0.5 0.7 0.3 0.9 1.5 0.5 0.3 0.0 0.4 1.0 0.1 0.0 2011 Line January February March April May July June August September October November December Personal consumption expenditures (PCE)..... 1 0.1 0.2 0.4 0.0 0.0 0.2 0.3 0.0 0.3 0.4 0.0 0.0 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 0.3 0.5 0.2 0.2 0.3 0.1 0.4 1.3 -0.1 0.1 -0.3 0.3 -0.6 -1.1 -0.4 0.2 -0.6 0.6 0.4 1.6 -0.1 -0.3 -0.3 -0.4 0.7 1.9 0.1 1.0 1.9 0.6 0.0 0.0 -0.1 -0.3 0.3 -0.5 Services...................................................................... 5 0.0 0.2 0.4 0.0 0.3 0.1 0.3 0.2 0.1 0.1 0.1 0.1 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3..... 6 / 8 9 10 0.2 -0.1 -1.4 0.1 0.2 0.4 0.0 -2.6 0.1 0.3 0.4 -0.6 1.2 0.4 0.5 0.1 0.9 -1.9 0.1 0.1 0.0 -0.5 0.3 0.0 0.0 0.2 0.4 -0.2 0.1 0.1 0.2 -0.2 2.4 0.3 0.2 0.2 0.0 -2.4 0.0 0.2 0.4 -0.6 0.2 0.3 0.4 0.4 0.5 0.8 0.5 0.5 0.1 0.4 -2.1 0.1 0.2 0.2 -1.4 -1.9 -0.2 0.1 2012 Line January February March April May July June August September October November December Personal consumption expenditures (PCE)..... 1 0.4 0.5 0.0 0.3 0.0 0.0 0.4 -0.1 0.4 -0.1 0.3 0.1 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 0.9 1.3 0.6 -0.1 -0.1 -0.1 -0.1 0.5 -0.4 0.6 0.6 0.6 0.2 0.8 0.0 0.7 1.6 0.3 -0.2 -0.5 -0.1 0.7 2.1 0.0 0.3 0.9 0.0 5 0.4 0.2 0.4 0.1 -0.1 0.2 -0.1 0.4 Services...................................................................... 0.7 1.1 0.5 0.2 0.3 0.0 0.0 0.3 -0.3 0.3 0.0 0.1 0.0 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 / 8 9 10 0.4 1.4 -1.1 0.4 0.4 0.5 0.1 1.5 0.6 0.6 0.1 0.1 -1.1 0.1 0.2 0.0 0.6 4.4 0.3 0.0 0.0 0.0 -0.5 0.0 0.0 0.0 -0.3 0.2 -0.1 0.0 0.3 0.6 1.6 0.4 0.3 0.1 -0.2 -2.1 0.0 0.2 0.4 0.6 0.1 0.4 0.4 0.0 0.2 -1.1 -0.1 -0.1 0.5 -0.5 -0.5 0.5 0.6 0.3 0.0 -3.3 0.0 0.3 2013 Line January February March April May July June Personal consumption expenditures (PCE)..... 1 0.1 0.3 0.3 0.0 0.1 0.2 0.0 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 0.2 -0.1 0.3 0.4 0.3 0.4 0.2 0.1 0.2 0.1 0.7 -0.3 0.5 0.5 0.6 0.4 0.9 0.1 0.4 0.1 0.5 Services...................................................................... 5 0.1 0.2 0.4 0.0 -0.1 0.0 -0.1 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 -0.1 0.4 3.3 0.2 0.0 0.0 0.4 3.8 0.3 0.0 0.1 0.0 2.9 0.3 0.1 0.3 -1.0 -2.1 0.1 0.4 0.2 0.9 -2.2 0.1 0.2 0.2 -0.1 0.5 0.2 0.2 0.1 0.4 -0.9 0.1 0.1 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services, 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed trans actions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. 110 Personal Income and Outlays September 2013 Table 2.8.3. Real Personal Consumption Expenditures by Major Type of Product, Monthly, Quantity Indexes [Index numbers, 2009=100; seasonally adjusted] 2009 Line January February March April May July June August September October November December Personal consumption expenditures (PCE)..... 1 100.347 99.959 99.715 99.551 99.636 99.551 99.880 100.891 99.830 100.051 100.041 100.547 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 100.220 100.184 100.220 99.842 98.339 100.554 99.033 97.165 99.920 98.669 96.366 99.764 99.313 98.387 99.747 99.058 99.163 99.006 99.984 101.044 99.490 102.727 108.515 100.044 99.582 98.426 100.103 99.996 99.261 100.324 100.522 101.416 100.100 101.053 101.734 100.727 Services...................................................................... 5 100.420 100.023 100.045 99.975 99.792 99.788 99.827 100.000 99.949 100.075 99.805 100.300 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 100.437 98.757 101.395 100.196 100.272 100.130 98.870 98.598 99.852 100.030 99.550 99.057 103.730 99.570 99.355 99.454 99.230 101.762 99.521 99.403 99.580 99.882 100.159 99.671 99.613 99.586 99.809 98.491 99.553 99.594 100.008 99.984 97.518 99.930 100.086 100.973 100.011 100.775 101.006 101.121 99.745 100.760 99.812 99.907 99.823 99.935 100.842 100.715 100.121 100.000 100.209 100.923 96.017 100.032 100.224 100.393 101.875 101.028 100.640 100.478 April May 2010 Line January February March July June August September October November December Personal consumption expenditures (PCE)..... 1 100.388 100.665 101.157 101.292 101.568 101.784 101.879 102.364 102.485 103.015 103.417 103.506 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 100.735 100.492 100.830 101.134 100.731 101.298 102.683 105.181 101.527 102.579 104.774 101.560 102.711 105.107 101.600 103.112 105.651 101.936 103.072 106.370 101.552 103.991 106.963 102.618 104.256 107.318 102.844 105.402 110.147 103.240 105.833 110.316 103.789 Services...................................................................... Addenda: PCE excluding food and energy............................... Food ’ ...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 5 100.220 100.438 100.419 100.671 101.017 101.145 101.304 101.582 101.633 101.866 105.838 110.053 103.911 102.252 6 7 8 9 10 100.265 101.493 100.726 100.459 100.329 100.447 102.837 101.010 100.716 100.474 101.248 101.972 98.513 101.213 101.328 101.517 101.341 97.582 101.260 101.514 101.591 101.478 101.314 101.549 101.571 101.836 101.315 101.596 101.804 101.867 102.014 100.779 101.256 101.870 102.024 102.400 102.322 101.834 102.375 102.417 102.574 102.305 101.316 102.511 102.616 103.219 102.547 100.449 103.072 103.316 103.501 103.478 101.968 103.550 103.669 103.501 103.870 102.947 103.684 103.709 April May June July 102.385 2011 Line January February March August September October November December Personal consumption expenditures (PCE)..... 1 103.605 103.781 104.146 104.186 104.163 104.330 104.663 104.664 104.967 105.376 105.405 105.376 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 106.157 110.901 103.998 106.320 111.263 104.076 106.695 112.728 103.987 106.825 112.430 104.302 106.149 111.206 103.861 106.364 110.570 104.435 106.779 112.299 104.294 106.426 112.000 103.919 107.126 114.136 104.018 108.210 116.324 104.641 108.168 116.333 104.577 107.875 116.703 104.010 Services...................................................................... 5 102.375 102.555 102.914 102.910 103.207 103.349 103.642 103.817 103.925 104.003 104.066 104.167 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3 ............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 103.721 103.795 101.460 103.753 103.911 104.100 103.811 98.849 103.882 104.265 104.489 103.230 100.067 104.311 104.735 104.589 104.199 98.119 104.390 104.890 104.589 103.682 98.396 104.355 104.879 104.762 104.089 98.157 104.490 105.016 104.993 103.930 100.490 104.786 105.186 105.168 103.965 98.055 104.759 105.357 105.561 103.342 98.290 105.066 105.768 105.931 103.858 99.100 105.607 106.289 106.075 104.275 97.045 105.675 106.498 106.311 102.824 95.164 105.487 106.586 April May June July 2012 Line January February March August September October November December Personal consumption expenditures (PCE)..... 1 105.756 106.336 106.343 106.666 106.654 106.611 107.012 106.912 107.352 107.270 107.625 107.716 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 109.537 119.559 105.174 110.007 119.936 105.679 105.046 109.882 119.820 105.551 105.089 109.779 120.423 105.158 110.451 121.160 105.801 111.259 123.458 106.000 105.075 105.346 110.712 122.151 105.763 105.070 111.502 124.140 106.068 104.783 109.746 120.053 105.266 104.692 105.340 105.337 112.052 126.109 106.048 105.479 112.400 127.207 106.093 105.447 107.254 104.396 95.553 106.535 107.633 107.326 104.537 94.540 106.639 107.830 107.344 105.120 98.727 106.960 107.798 107.367 105.085 98.274 106.954 107.834 107.330 104.789 98.478 106.898 107.782 107.634 105.373 100.023 107.345 108.126 107.688 105.130 97.892 107.324 108.299 108.136 105.775 97.953 107.777 108.762 108.101 106.019 96.852 107.658 108.689 108.598 105.469 96.381 108.169 109.395 108.933 105.489 93.154 108.195 109.691 April May June July Services...................................................................... 5 108.612 117.973 104.524 104.372 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3................................................ Market-based PCE excluding food and energy 3 6 7 8 9 10 106.694 104.259 94.136 105.863 106.965 2013 Line January February March Personal consumption expenditures (PCE)..... 1 107.837 108.133 108.445 108.497 108.588 108.751 108.805 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 112.588 127.071 106.410 113.010 127.488 106.833 113.187 127.578 107.044 113.252 128.478 106.774 113.858 129.070 107.384 114.318 130.285 107.539 114.788 130.472 108.121 Services...................................................................... 5 105.536 105.771 106.148 106.193 106.038 106.062 105.918 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3...... 6 7 8 9 10 108.821 105.876 96.200 108.408 109.650 108.858 106.344 99.864 108.728 109.674 109.008 106.332 102.786 109.059 109.822 109.325 105.242 100.656 109.155 110.233 109.497 106.177 98.483 109.295 110.476 109.663 106.054 99.018 109.504 110.697 109.745 106.514 98.157 109.595 110.826 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed trans actions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. September 2013 S u r v e y o f C u r r e n t B u s in e ss 111 Table 2.8.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product, Monthly [Index numbers, 2009=100; seasonally adjusted] 2009 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 99.071 99.286 99.194 99.340 99.473 100.066 100.018 100.763 100.997 101.052 2 3 4 97.985 100.368 96.876 98.682 100.418 97.872 98.490 100.253 97.666 98.722 100.275 97.992 98.992 100.189 98.422 100.553 100.184 100.713 100.283 99.645 100.569 100.286 100.754 99.340 101.422 100.453 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 101.025 99.632 101.681 101.236 99.881 101.874 101.611 99.985 102.377 101.667 99.831 102.535 Services...................................................................... 5 99.587 99.573 99.530 99.637 99.706 99.836 99.894 100.062 100.179 100.537 100.702 100.756 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 99.262 101.277 92.236 98.922 99.119 99.360 100.971 95.360 99.253 99.333 99.482 100.660 92.001 99.226 99.564 99.738 100.222 91.157 99.339 99.798 99.840 99.865 92.548 99.473 99.895 99.972 99.983 101.779 100.116 100.016 99.989 99.570 101.198 100.054 100.026 100.108 99.604 104.425 100.373 100.182 100.289 99.293 105.093 100.518 100.340 100.580 99.423 106.013 100.747 100.532 100.666 99.473 109.105 100.960 100.573 100.713 99.657 109.086 101.019 100.623 2010 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 101.235 101.248 101.364 101.351 101.394 101.449 101.571 101.715 101.808 102.047 102.213 102.457 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 101.958 99.717 103.021 101.742 99.416 102.846 101.657 99.384 102.737 101.351 99.172 102.388 101.112 98.953 102.140 100.976 98.580 102.120 101.086 98.265 102.438 101.339 98.333 102.782 101.497 98.229 103.068 101.938 98.013 103.832 102.184 97.865 104.274 102.804 97.532 105.369 Services...................................................................... 5 100.885 101.008 101.221 101.351 101.531 101.681 101.809 101.900 101.961 102.101 102.227 102.285 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy3 6 7 8 9 10 100.808 99.751 110.901 101.182 100.680 100.890 99.877 109.544 101.170 100.745 101.034 100.085 109.036 101.234 100.832 101.063 100.173 108.119 101.215 100.860 101.184 100.227 106.771 101.226 100.957 101.290 100.149 106.187 101.269 101.054 101.348 100.223 107.488 101.377 101.087 101.444 100.301 108.574 101.530 101.186 101.561 100.646 112.621 101.840 101.246 101.667 100.808 113.858 102.001 101.336 101.669 100.919 118.526 102.288 101.351 101.490 100.548 109.236 101.629 101.233 2011 Line April May June July Personal consumption expenditures (PCE)..... 1 January 102.674 February 102.961 March 103.353 103.680 104.009 104.126 104.308 104.548 104.731 104.768 104.904 104.967 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 103.203 97.569 105.948 103.709 97.688 106.648 104.501 97.562 107.901 105.025 97.813 108.561 105.520 97.932 109.245 105.641 98.095 109.343 105.819 98.040 109.638 106.088 97.863 110.133 106.297 97.488 110.642 106.126 97.452 110.403 106.182 97.226 110.608 106.030 97.065 110.462 Services...................................................................... 5 102.412 102.591 102.784 103.014 103.261 103.376 103.561 103.787 103.957 104.096 104.273 104.444 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 101.815 101.501 119.440 102.515 101.499 101.966 102.192 121.522 102.859 101.698 102.097 103.028 125.922 103.292 101.836 102.309 103.418 128.232 103.624 102.037 102.548 103.890 129.994 103.955 102.264 102.710 104.119 129.096 104.104 102.471 102.871 104.554 129.263 104.285 102.628 103.084 105.190 129.382 104.527 102.838 103.161 105.694 131.003 104.721 102.912 103.297 105.891 128.953 104.722 103.022 103.463 105.811 128.905 104.843 103.174 103.595 106.020 127.409 104.960 103.380 April May June July August September October November December 2012 Line January February March August September October November December Personal consumption expenditures (PCE)..... 1 105.219 105.472 105.721 105.729 105.677 105.844 105.870 106.199 106.512 106.703 106.575 106.587 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 106.272 97.168 110.777 107.072 96.964 112.114 106.707 96.834 111.625 106.218 96.841 110.873 106.173 96.697 110.882 107.405 96.068 113.121 107.489 95.905 113.344 5 104.701 105.052 105.248 105.415 105.689 106.008 96.425 110.773 105.812 106.742 96.246 111.998 Services...................................................................... 106.700 97.130 111.454 104.864 105.936 106.070 106.315 106.747 95.778 112.267 106.500 106.465 95.554 111.956 106.662 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3..... 6 7 8 9 10 103.859 106.224 127.506 105.186 103.614 103.994 106.230 130.425 105.460 103.757 104.176 106.407 132.068 105.696 103.913 104.311 106.458 129.565 105.680 104.040 104.458 106.407 125.762 105.603 104.188 104.677 106.625 124.870 105.732 104.369 104.787 106.631 123.340 105.739 104.469 104.838 106.755 129.186 106.108 104.527 104.923 106.660 134.514 106.455 104.619 105.115 106.940 134.610 106.585 104.740 105.196 107.169 129.899 106.388 104.771 105.249 107.382 128.759 106.406 104.838 2013 Line January February March April May June July Personal consumption expenditures (PCE)..... 1 106.663 107.083 106.980 106.701 106.806 107.244 107.343 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 106.267 95.616 111.611 107.129 95.516 113.006 106.526 95.328 112.174 105.572 95.070 110.834 105.441 94.999 110.669 106.207 94.980 111.876 106.315 94.661 112.226 Services...................................................................... 5 106.880 107.073 107.227 107.295 107.523 107.790 107.885 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 105.459 107.349 126.445 106.521 105.110 105.550 107.547 133.493 107.001 105.225 105.619 107.613 129.970 106.879 105.295 105.593 107.730 124.245 106.515 105.208 105.714 107.467 124.569 106.620 105.331 105.960 107.743 128.868 107.064 105.557 106.043 107.858 129.234 107.194 105.674 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed trans actions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. 112 Personal Income and Outlays September 2013 Table 2.8.5. Personal Consumption Expenditures by Major Type of Product, Monthly [Billions of dollars; seasonally adjusted at annual rates] 2009 Line January February March April May July June August September October November December Personal consumption expenditures (PCE)..... 1 9,785.3 9,768.7 9,735.8 9,734.1 9,755.4 9,805.2 9,832.8 9,958.9 9,870.6 9,922.9 9,944.9 10,000.7 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,140.4 1,028.8 2,111.6 3,151.0 1,010.4 2,140.6 3,119.5 996.8 2,122.7 3,115.3 988.8 2,126.5 3,144.2 1,008.7 2,135.5 3,185.6 1,016.7 2,168.9 3,206.8 1,030.5 2,176.4 3,310.3 1,103.3 2,207.0 3,217.6 1,003.7 2,213.9 3,237.8 1,014.7 2,223.0 3,266.8 1,037.8 2,229.0 3,285.9 1,039.5 2,246.4 Services......... 5 6,644.9 6,617.7 6,616.3 6,618.8 6,611.2 6,619.6 6,626.0 6,648.6 6,653.0 6,685.2 6,678.1 6,714.8 6 7 8 9 10 8,547.4 770.2 467.7 8,628.6 7,391.0 8,529.7 768.8 470.3 8,627.7 7,389.1 8,490.6 767.8 477.4 8,601.0 7,356.2 8,504.2 765.8 464.1 8,606.5 7,377.0 8,523.6 768.1 463.7 8,631.0 7,399.7 8,535.5 768.4 501.3 8,676.5 7,407.2 8,573.0 766.5 493.3 8,703.9 7,444.5 8,666.1 767.0 525.8 8,825.7 7,533.3 8,576.1 770.3 524.1 8,742.3 7,448.2 8,617.4 772.0 533.6 8,780.9 7,475.7 8,648.4 773.0 523.6 8,791.7 7,495.5 8,668.2 781.7 550.8 8,850.2 7,518.2 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 2010 Line March April May June July Personal consumption expenditures (PCE)..... 1 10,002.9 10,031.7 10,092.3 10,104.4 10,136.3 10,163.4 10,185.1 10,248.1 10,269.6 10,346.8 10,404.1 10,437.9 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,285.0 1,025.6 2,259.4 3,291.0 1,025.0 2,266.0 3,338.6 1,069.9 2,268.7 3,325.2 1,063.5 2,261.7 3,321.6 1,064.5 2,257.1 3,330.1 1,066.0 2,264.1 3,332.4 1,069.8 2,262.5 3,370.5 1,076.5 2,294.0 3,384.4 1,078.9 2,305.4 3,458.9 1,102.3 2,356.6 3,479.8 1,101.2 2,378.6 Services...................................................................... 5 6,717.9 6,740.7 6,753.7 6,779.2 6,814.6 6,833.3 6,852.7 6,877.6 6,885.2 3,436.4 1,104.9 2,331.5 6,910.4 6,945.2 6,958.2 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 8,665.3 779.5 558.1 8,848.5 7,511.3 8,688.1 790.8 552.8 8,870.2 7,527.0 8,769.9 785.8 536.6 8,919.6 7,597.6 8,795.7 781.6 527.1 8,922.0 7,613.7 8,812.7 783.1 540.5 8,948.5 7,625.3 8,843.1 781.2 539.0 8,974.7 7,654.9 8,863.7 777.7 543.7 8,990.1 7,669.1 8,905.6 790.2 552.3 9,048.3 7,706.2 8,924.8 792.0 552.8 9,069.1 7,724.7 8,987.2 794.6 565.0 9,137.7 7,778.5 9,021.1 803.2 579.9 9,194.6 7,812.0 9,021.3 807.1 609.5 9,232.3 7,816.1 January February August September October November December 2011 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 10,470.0 10,517.1 10,594.2 10,631.9 10,663.4 10,692.4 10,745.3 10,770.2 10,820.3 10,866.3 10,883.4 10,887.0 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,503.9 1,107.4 2,396.5 3,526.5 1,112.3 2,414.2 3,566.0 1,125.5 2,440.5 3,588.3 1,125.4 2,462.9 3,582.4 1,114.5 2,467.9 3,593.8 1,110.0 2,483.8 3,613.9 1,126.7 2,487.2 3,611.1 1,121.7 2,489.4 3,642.0 1,138.7 2,503.3 3,672.9 1,160.1 2,512.9 3,673.4 1,157.5 2,516.0 3,658.3 1,159.2 2,499.0 Services...................................................................... 5 6,966.1 6,990.5 7,028.2 7,043.6 7,080.9 7,098.6 7,131.4 7,159.1 7,178.3 7,193.3 7,210.0 7,228.7 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 9,053.4 811.2 605.5 9,259.0 7,842.7 9,100.0 816.8 600.3 9,301.6 7,884.8 9,145.6 818.9 629.7 9,379.4 7,931.1 9,173.5 829.7 628.7 9,416.6 7,958.5 9,194.8 829.4 639.2 9,443.6 7,975.4 9,224.7 834.5 633.2 9,469.3 8,001.9 9,259.5 836.7 649.2 9,512.6 8,027.1 9,294.1 842.0 634.0 9,532.3 8,056.6 9,335.8 841.0 643.5 9,578.0 8,093.9 9,380.9 846.8 638.6 9,627.4 8,142.4 9,408.8 849.5 625.1 9,644.7 8,170.5 9,441.8 839.4 605.9 9,638.4 8,193.6 2012 Line January February March April May June July 11,100.3 3,754.4 1,188.6 2,565.8 11,093.6 11,106.7 11,151.2 11,175.3 11,254.4 11,266.1 11,289.8 11,300.6 3,733.0 1,187.5 2,545.5 3,727.9 1,191.7 2,536.2 3,779.7 1,203.2 2,576.4 3,830.3 1,220.6 2,609.7 3,825.0 1,211.8 2,613.2 3,825.8 1,236.2 2,589.6 3,827.6 1,244.0 2,583.5 7,345.9 7,360.6 7,378.8 3,744.8 1,195.7 2,549.2 7,406.4 7,395.6 7,424.1 7,441.0 7,464.0 7,473.1 9,599.5 861.6 639.2 9,840.1 8,339.8 9,615.1 860.9 617.6 9,832.4 8,354.5 9,631.9 860.3 614.6 9,839.3 8,365.0 9,669.4 865.1 616.7 9,881.0 8,399.7 9,679.0 864.1 632.2 9,913.5 8,417.8 9,727.2 868.7 658.6 9,988.0 8,461.3 9,741.7 872.9 651.4 9,989.2 8,465.4 9,794.1 870.3 625.4 10,018.1 8,522.9 9,829.3 872.2 599.1 10,022.2 8,551.5 Personal consumption expenditures (PCE)..... 1 10,952.5 11,038.9 11,065.8 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,738.1 1,188.5 2,549.6 Services...................................................................... 5 3,691.6 1,173.1 2,518.5 7,260.9 7,300.8 3,758.3 1,191.3 2,567.0 7,307.5 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 9,500.0 852.7 599.8 9,693.4 8,241.4 9,562.2 853.9 622.8 9,780.5 8,304.3 9,585.5 856.5 623.9 9,811.9 8,332.1 2013 Line January February March April May June July Personal consumption expenditures (PCE)..... 1 11,321.4 11,397.1 11,419.0 11,394.7 11,415.5 11,479.5 11,495.8 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,826.8 1,243.5 2,583.2 3,872.2 1,246.3 2,625.9 3,856.4 1,244.7 2,611.7 3,824.1 1,250.1 2,574.0 3,839.8 1,254.9 2,584.9 3,883.3 1,266.5 2,616.8 3,903.2 1,264.0 2,639.2 Services.......... 5 7,494.7 7,524.9 7,562.6 7,570.6 7,575.7 7,596.2 7,592.5 6 7 8 9 10 9,838.7 875.1 607.6 10,052.6 8,570.4 9,850.6 880.6 665.9 10,127.7 8,581.7 9,870.6 881.0 667.4 10,147.0 8,599.0 9,896.9 872.9 624.9 10,121.4 8,624.0 9,923.9 878.6 613.1 10,144.4 8,653.2 9,961.9 879.8 637.7 10,206.1 8,689.0 9,977.2 884.5 634.0 10,227.0 8,708.8 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed trans actions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. August September October November December September 2013 113 S u r v ey o f C u r r e n t B u sin ess Table 2.8.6. Real Personal Consumption Expenditures by Major Type of Product, Monthly, Chained Dollars [Billions of chained (2009) dollars; seasonally adjusted at annual rates] 2009 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 9,877.1 9,838.9 9,814.9 9,798.7 9,807.1 9,798.8 9,831.1 9,930.7 9,826.2 9,847.9 9,847.0 9,896.8 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,205.5 1,025.2 2,179.9 3,193.4 1,006.3 2,187.2 3,167.5 994.3 2,173.4 3,155.9 986.1 2,170.0 3,176.5 1,006.8 2,169.6 3,168.3 1,014.8 2,153.5 3,197.9 1,034.0 2,164.0 3,285.7 1,110.5 2,176.1 3,185.1 1,007.2 2,177.4 3,198.3 1,015.8 2,182.2 3,215.1 1,037.8 2,177.3 3,232.1 1,041.1 2,190.9 Services............ 5 6,672.4 6,646.0 6,647.5 6,642.9 6,630.7 6,630.4 6,633.0 6,644.5 6,641.1 6,649.5 6,631.6 6,664.5 6 7 8 9 10 8,610.8 760.4 506.6 8,722.6 7,456.5 8,584.5 761.3 492.6 8,692.6 7,438.6 8,534.8 762.7 518.3 8,668.1 7,388.4 8,526.5 764.0 508.4 8,663.8 7,391.9 8,537.4 769.0 500.4 8,676.9 7,407.5 8,537.9 768.5 492.1 8,666.6 7,406.1 8,574.0 769.8 487.2 8,699.4 7,442.7 8,656.8 770.0 503.5 8,793.1 7,519.7 8,551.5 775.8 498.7 8,697.4 7,423.1 8,567.8 776.4 503.2 8,716.0 7,436.3 8,591.3 777.1 479.7 8,708.3 7,453.0 8,607.0 784.4 504.8 8,761.2 7,471.8 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 2010 Line January February March April May July June August September October November December Personal consumption expenditures (PCE)..... 1 9,881.2 9,908.4 9,956.8 9,970.1 9,997.3 10,018.5 10,027.9 10,075.7 10,087.6 10,139.7 10,179.3 10,188.0 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,222.0 1,028.3 2,193.2 3,234.7 1,030.8 2,203.4 3,284.3 1,076.3 2,208.3 3,280.9 1,072.2 2,209.1 3,285.2 1,075.6 2,209.9 3,298.0 1,081.1 2,217.2 3,296.7 1,088.5 2,208.9 3,326.1 1,094.6 2,232.1 3,334.6 1,098.2 2,237.0 3,371.2 1,127.2 2,245.6 3,385.2 1,126.2 2,260.2 3,385.0 1,128.9 2,257.5 Services...................................................................... 5 6,659.1 6,673.6 6,672.3 6,689.1 6,712.1 6,720.6 6,731.2 6,749.6 6,753.0 6,768.5 6,794.1 6,803.0 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 8,596.1 781.5 503.3 8,745.4 7,460.8 8,611.7 791.8 504.7 8,767.8 7,471.5 8,680.4 785.1 492.2 8,811.1 7,535.1 8,703.4 780.3 487.6 8,815.2 7,548.9 8,709.7 781.3 506.2 8,840.3 7,553.2 8,730.8 780.1 507.6 8,862.6 7,575.2 8,746.0 776.0 505.9 8,868.3 7,586.8 8,779.1 787.8 508.8 8,912.2 7,616.0 8,794.0 787.7 506.2 8,924.1 7,630.8 8,849.3 789.6 501.9 8,972.9 7,682.9 8,873.5 796.7 509.5 9,014.6 7,709.2 8,873.5 799.8 514.4 9,026.2 7,712.1 2011 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 10,197.8 10,215.1 10,251.0 10,255.0 10,252.7 10,269.1 10,301.9 10,302.0 10,331.9 10,372.1 10,374.9 10,372.1 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,395.4 1,134.9 2,262.1 3,400.6 1,138.6 2,263.8 3,412.6 1,153.6 2,261.8 3,416.8 1,150.5 2,268.7 3,395.1 1,138.0 2,259.1 3,402.0 1,131.5 2,271.6 3,415.3 1,149.2 2,268.5 3,404.0 1,146.1 2,260.4 3,426.4 1,168.0 2,262.5 3,461.0 1,190.4 2,276.1 3,459.7 1,190.5 2,274.7 3,450.3 1,194.2 2,262.3 Services...................................................................... 5 6,802.3 6,814.3 6,838.1 6,837.8 6,857.6 6,867.0 6,886.5 6,898.1 6,905.3 6,910.5 6,914.7 6,921.4 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3..... 6 7 8 9 10 8,892.3 799.2 506.9 9,032.3 7,727.1 8,924.9 799.3 493.9 9,043.4 7,753.5 8,958.2 794.8 500.0 9,080.8 7,788.4 8,966.8 802.3 490.2 9,087.7 7,800.0 8,966.7 798.3 491.6 9,084.6 7,799.1 8,981.6 801.4 490.4 9,096.4 7,809.3 9,001.4 800.2 502.1 9,122.1 7,821.9 9,016.5 800.5 489.9 9,119.8 7,834.6 9,050.1 795.7 491.1 9,146.6 7,865.2 9,081.8 799.7 495.1 9,193.7 7,904.0 9,094.2 802.9 484.9 9,199.5 7,919.5 9,114.4 791.7 475.5 9,183.2 7,926.1 2012 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 10,409.5 10,466.6 10,467.3 10,499.0 10,497.9 10,493.6 10,533.2 10,523.2 10,566.6 10,558.6 10,593.4 10,602.4 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,473.9 1,207.2 2,273.5 3,503.5 1,223.5 2,287.7 3,510.2 1,228.5 2,289.7 3,518.5 1,227.3 2,298.7 3,511.2 1,232.3 2,287.3 3,532.7 1,239.9 2,301.3 3,541.1 1,250.0 2,300.5 3,566.3 1,270.3 2,307.1 3,558.5 1,263.4 2,305.6 3,583.9 1,290.5 2,306.7 3,595.1 1,301.7 2,307.7 Services...................................................................... 5 6,935.0 6,962.3 6,956.3 6,979.8 3,514.5 1,226.1 2,295.9 6,982.6 6,981.7 6,999.7 6,981.3 6,999.3 6,999.1 7,008.5 7,006.4 Addenda: PCE excluding food and energy.............................. Food ' ...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3..... 6 7 8 9 10 9,147.3 802.8 470.3 9,215.9 7,954.3 9,195.3 803.8 477.4 9,274.4 8,003.9 9,201.4 804.9 472.4 9,283.5 8,018.6 9,203.0 809.4 493.3 9,311.4 8,016.2 9,204.9 809.1 491.0 9,310.9 8,018.9 9,201.7 806.8 492.0 9,306.0 8,015.0 9,227.9 811.3 499.8 9,344.9 8,040.6 9,232.5 809.5 489.1 9,343.1 8,053.4 9,270.9 814.4 489.4 9,382.5 8,087.9 9,267.9 816.3 483.9 9,372.2 8,082.5 9,310.5 812.1 481.5 9,416.7 8,135.0 9,339.2 812.2 465.4 9,419.0 8,157.0 2013 Line March April May June July Personal consumption expenditures (PCE)..... 1 10,614.3 10,643.5 10,674.2 10,679.3 10,688.2 10,704.3 10,709.6 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 3,601.1 1,300.3 2,314.6 3,614.6 1,304.6 2,323.8 3,620.2 1,305.5 2,328.3 3,622.3 1,314.7 2,322.5 3,641.7 1,320.8 2,335.7 3,656.4 1,333.2 2,339.1 3,671.4 1,335.1 2,351.8 Services...................................................................... 5 7,012.3 7,028.0 7,053.0 7,056.0 7,045.7 7,047.3 7,037.7 Addenda: PCE excluding food and energy.............................. Food 1...................................................................... Energy goods and services2.................................. Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 7 8 9 10 9,329.6 815.2 480.6 9,437.4 8,153.9 9,332.7 818.8 499.0 9,465.3 8,155.7 9,345.7 818.7 513.6 9,494.1 8,166.7 9,372.8 810.3 502.9 9,502.5 8,197.2 9,387.6 817.5 492.1 9,514.7 8,215.3 9,401.8 816.6 494.7 9,532.9 8,231.7 9,408.8 820.1 490.4 9,540.8 8,241.4 January February 1. Food consists of food and beverages purchased tor off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed trans actions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. Note. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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. 114 Personal Income and Outlays September 2013 Table 2.8.7. Percent Change from Preceding Period in Prices for Personal Consumption Expenditures by Major Type of Product, Monthly [Seasonally adjusted at monthly rates] 2009 Line January February March April May June July August Personal consumption expenditures (PCE)..... 1 0.1 0.2 -0.1 0.1 0.1 0.6 0.0 G oods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 0.2 -0.1 0.4 0.7 0.0 1.0 -0.2 -0.2 -0.2 0.2 0.0 0.3 0.3 -0.1 0.4 1.6 0.0 2.3 September October November December 0.2 0.3 0.2 0.1 -0.3 -0.5 -0.1 0.3 0.5 -0.3 0.8 0.3 0.3 0.3 0.2 0.2 0.2 0.1 -0.2 0.2 0.0 0.2 0.0 0.1 0.0 Services...................................................................... 5 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.1 0.4 0.4 0.1 0.5 0.2 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy3 6 V 8 9 10 0.0 -0.1 1.0 0.2 0.2 0.1 -0.3 3.4 0.3 0.2 0.1 -0.3 -3.5 0.0 0.2 0.3 -0.4 -0.9 0.1 0.2 0.1 -0.4 1.5 0.1 0.1 0.1 0.1 10.0 0.6 0.1 0.0 -0.4 -0.6 -0.1 0.0 0.1 0.0 3.2 0.3 0.2 0.2 -0.3 0.6 0.1 0.2 0.3 0.1 0.9 0.2 0.2 0.1 0.1 2.9 0.2 0.0 0.1 2010 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 0.2 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.2 0.2 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 2 3 4 0.3 -0.1 0.5 -0.2 -0.3 -0.2 -0.1 0.0 -0.1 -0.3 -0.2 -0.3 -0.2 -0.2 -0.2 -0.1 -0.4 0.0 0.1 -0.3 0.3 0.3 0.1 0.3 0.2 -0.1 0.3 0.4 -0.2 0.7 0.2 -0.2 0.4 0.6 -0.3 1.1 Services...................................................................... 5 0.1 0.1 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3..... 6 7 8 9 10 0.1 0.1 1.7 0.2 0.1 0.1 0.1 -1.2 0.0 0.1 0.1 0.2 -0.5 0.1 0.1 0.0 0.1 -0.8 0.0 0.0 0.1 0.1 -1.2 0.0 0.1 0.1 -0.1 -0.5 0.0 0.1 0.1 0.1 1.2 0.1 0.0 0.1 0.1 1.0 0.2 0.1 0.0 0.2 0.6 0.1 0.0 0.1 0.1 3.1 0.2 0.0 0.1 0.2 1.1 0.2 0.1 0.0 0.1 4.1 0.3 0.0 2011 Line January February March April May June July August September October November December Personal consumption expenditures (PCE)..... 1 0.4 0.3 0.3 0.1 0.2 0.2 0.2 0.0 0.1 2 3 4 0.2 0.4 0.0 0.5 0.3 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 0.5 0.1 0.7 0.8 -0.1 1.2 0.5 0.3 0.6 0.5 0.1 0.6 0.1 0.2 0.1 0.2 -0.1 0.3 0.3 -0.2 0.5 0.2 -0.4 0.5 -0.2 0.0 -0.2 0.1 -0.2 0.2 0.1 -0.1 -0.2 -0.1 Services...................................................................... 5 0.1 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.1 0.2 0.2 Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3...... 6 7 8 9 10 0.1 0.6 0.8 0.2 0.1 0.1 0.7 1.7 0.3 0.2 0.1 0.8 3.6 0.4 0.1 0.2 0.4 1.8 0.3 0.2 0.2 0.5 1.4 0.3 0.2 0.2 0.2 -0.7 0.1 0.2 0.2 0.4 0.1 0.2 0.2 0.2 0.6 0.1 0.2 0.2 0.1 0.5 1.3 0.2 0.1 0.1 0.2 -1.6 0.0 0.1 0.2 -0.1 0.0 0.1 0.1 0.1 0.2 -1.2 0.1 0.2 2012 Line January February March April May June August July September October November December Personal consumption expenditures (PCE)..... 1 0.2 0.2 0.2 0.0 0.0 0.2 0.3 -0.2 0.6 0.2 -0.3 -0.1 -0.4 0.2 0.0 -0.1 0.0 0.6 -0.2 1.0 0.1 -0.2 0.2 -0.1 -0.7 -0.1 -1.0 -0.3 -0.2 -0.3 5 0.4 0.0 0.6 0.2 -0.5 0.0 -0.7 Services...................................................................... 0.2 0.1 0.3 0.2 0.3 0.7 -0.2 1.1 0.2 2 3 4 0.0 -0.2 -0.3 -0.1 0.3 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... 0.2 0.3 0.1 0.1 0.1 0.2 0.2 0.2 Addenda: PCE excluding food and energy............................... Food ' ...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 6 / 8 9 10 0.3 0.2 0.1 0.2 0.2 0.1 0.0 2.3 0.3 0.1 0.2 0.2 1.3 0.2 0.2 0.1 0.0 -1.9 0.0 0.1 0.1 0.0 -2.9 -0.1 0.1 0.2 0.2 -0.7 0.1 0.2 0.1 0.0 -1.2 0.0 0.1 0.0 0.1 4.7 0.3 0.1 0.1 -0.1 4.1 0.3 0.1 0.2 0.3 0.1 0.1 0.1 0.1 0.2 -3.5 -0.2 0.0 0.1 0.2 -0.9 0.0 0.1 2013 Line January Personal consumption expenditures (PCE)..... 1 Goods......................................................................... Durable goods......................................................... Nondurable goods................................................... Services...................................................................... Addenda: PCE excluding food and energy............................... Food 1...................................................................... Energy goods and services 2................................... Market-based PCE 3............................................... Market-based PCE excluding food and energy 3 ,, February March April May June July 0.4 -0.1 -0.3 0.1 0.4 0.1 2 3 4 0.1 -0.2 0.1 -0.3 0.8 -0.1 1.2 -0.6 -0.2 -0.7 -0.9 -0.3 -1.2 -0.1 -0.1 -0.1 0.7 0.0 1.1 0.1 -0.3 0.3 5 0.2 0.2 0.1 0.1 0.2 0.2 0.1 6 7 8 9 10 0.2 0.0 -1.8 0.1 0.3 0.1 0.2 5.6 0.5 0.1 0.1 0.1 -2.6 -0.1 0.1 0.0 0.1 -4.4 -0.3 -0.1 0.1 -0.2 0.3 0.1 0.1 0.2 0.3 3.5 0.4 0.2 0.1 0.1 0.3 0.1 0.1 1. Food consists of food and beverages purchased for off-premises consumption; food services, which include purchased meals and beverages, are not classified as food. 2. Consists of gasoline and other energy goods and of electricity and gas services. 3. Market-based PCE is a supplemental measure that is based on household expenditures for which there are observable price measures. It excludes most imputed trans actions (for example, financial services furnished without payment) and the final consumption expenditures of nonprofit institutions serving households. 0.0 September 2013 115 S u r v e y o f C u r r e n t B u sin ess 3. G o vern m en t C u rren t R eceipts and Expenditures Table 3.1. Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line Current receipts..................... Current tax receipts......................... Personal current taxes................. Taxes on production and imports Taxes on corporate income......... Taxes from the rest of the world... Contributions for government social insurance.................................... Income receipts on assets............... Interest and miscellaneous receipts................................... Dividends.................................... Current transfer receipts.................. From business (net)..................... From persons.............................. Current surplus of government enterprises................................. 2011 2012 2012 2011 2010 2013 2009 2010 I II III IV I II III IV I II III IV I II 1 2 3 4 5 6 3,691.2 2,431.9 1,144.9 1,026.1 246.0 14.8 3,885.0 2,610.6 1,191.5 1,057.1 346.3 15.7 4,074.1 2,862.4 1,404.0 1,097.1 345.0 16.3 4,259.2 3,041.2 1,498.0 1,122.9 402.4 17.8 3,780.5 2,523.2 1,145.6 1,042.2 321.3 14.1 3,836.2 2,565.5 1,167.9 1,054.2 328.0 15.3 3,933.2 2,650.3 1,209.4 1,063.1 363.4 14.5 3,989.9 2,703.4 1,242.9 1,069.0 372.6 18.9 4,051.7 2,842.0 1,376.0 1,085.2 366.3 14.5 4,081.6 2,870.7 1,399.9 1,099.9 355.7 15.2 4,075.1 2,855.6 1,421.6 1,095.9 320.9 17.3 4,088.0 2,881.3 1,418.4 1,107.5 337.0 18.4 4,233.7 3,010.0 1,462.8 1,124.4 406.0 16.8 4,234.4 3,017.1 1,480.0 1,122.2 397.4 17.4 4,248.5 3,039.5 1,496.4 1,118.8 407.2 17.1 4,320.3 3,098.2 1,552.8 1,126.3 399.2 19.9 4,547.3 3,164.4 1,629.0 1,140.7 375.4 19.2 4,826.3 3,209.0 1,664.8 1,139.2 385.6 19.4 7 8 969.4 136.3 989.0 137.2 922.6 137.4 955.3 131.4 976.9 132.2 989.0 136.1 993.3 140.0 996.9 140.4 917.0 140.1 920.9 138.3 929.2 137.3 923.5 133.9 947.0 132.0 949.7 130.3 952.0 130.5 972.6 132.6 1,099.0 154.3 1,105.5 381.0 9 10 11 12 13 115.4 20.9 174.3 90.7 83.5 117.8 19.3 171.1 87.2 83.9 116.4 21.0 175.4 90.1 85.3 107.9 23.4 159.1 70.6 88.5 115.0 17.3 169.4 85.4 84.0 117.4 18.6 168.4 84.5 83.9 119.2 20.8 173.0 89.2 83.8 119.8 20.6 173.5 89.7 83.7 119.4 20.7 176.4 92.3 84.1 118.0 20.3 174.9 90.2 84.7 116.1 21.3 176.7 91.0 85.6 112.0 21.8 173.7 86.9 86.8 108.8 23.2 169.1 81.4 87.7 106.6 23.7 163.5 75.1 88.4 107.0 23.5 155.0 66.2 88.8 109.3 23.3 148.7 59.7 89.0 110.5 43.8 165.1 75.7 89.4 112.1 268.9 169.8 79.9 89.9 14 -20.6 -22.9 -23.8 -27.7 -21.2 -22.6 -23.5 -24.3 -23.8 -23.1 -23.7 -24.4 -24.5 -26.1 -28.5 -31.8 -35.5 -38.9 Current expenditures............ Consumption expenditures.............. Current transfer payments............... Government social benefits......... To persons.............................. To the rest of the world............ Other current transfer payments to the rest of the world (net)........ Interest payments........................... To persons and business............. To the rest of the world................ Subsidies........................................ 15 16 17 18 19 20 5,213.0 2,442.1 2,170.2 2,117.5 2,101.5 16.0 5,451.8 2,522.2 2,301.0 2,250.5 2,234.0 16.5 5,535.4 2,526.1 2,333.9 2,277.4 2,260.3 17.1 5,621.6 2,548.0 2,384.7 2,334.8 2,316.8 18.0 5,393.2 2,500.3 2,284.1 2,229.0 2,212.7 16.3 5,439.2 2,526.1 2,279.7 2,235.5 2,219.0 16.5 5,474.9 2,534.2 2,311.5 2,261.8 2,245.1 16.6 5,500.0 2,528.2 2,328.8 2,275.7 2,259.0 16.7 5,507.0 2,516.1 2,334.7 2,279.8 2,262.8 16.9 5,583.6 2,538.5 2,340.8 2,278.8 2,261.8 17.0 5,529.9 2,533.1 2,325.7 2,270.8 2,253.6 17.2 5,521.3 2,516.7 2,334.3 2,280.2 2,262.8 17.3 5,568.9 2,542.3 2,357.6 2,302.9 2,285.2 17.7 5,636.5 2,538.8 2,380.1 2,328.4 2,310.5 17.9 5,627.9 2,572.9 2,394.2 2,341.9 2,323.8 18.1 5,653.0 2,538.1 2,406.9 2,366.1 2,347.9 18.1 5,630.1 2,525.3 2,448.1 2,400.4 2,382.0 18.4 5,681.3 2,518.1 2,455.4 2,403.5 2,385.0 18.5 21 22 23 24 25 52.7 542.4 453.5 88.8 58.3 50.6 572.7 480.1 92.6 55.9 56.5 615.5 518.0 97.5 60.0 49.9 631.6 538.6 93.0 57.3 55.1 553.9 465.8 88.1 54.9 44.3 577.8 487.7 90.2 55.5 49.7 573.0 478.2 94.8 56.2 53.2 586.0 488.8 97.3 56.9 54.9 597.4 500.4 97.0 58.7 62.0 644.3 546.8 97.5 59.9 54.9 610.6 512.2 98.4 60.5 54.1 609.6 512.7 96.9 60.6 54.7 611.2 517.0 94.2 57.8 51.6 660.0 567.3 92.7 57.6 52.3 604.8 512.1 92.7 56.0 40.9 650.2 557.8 92.4 57.7 47.6 598.8 505.2 93.6 58.0 51.9 649.0 557.3 91.7 58.8 Net government saving......... Social insurance funds.................... Other.............................................. 26 -1,521.7 -1,566.8 -1,461.3 -1,362.3 -1,612.6 -1,603.0 -1,541.7 -1,510.1 -1,455.3 -1,502.0 -1,454.8 -1,433.3 -1,335.1 -1,402.1 -1,379.4 -1,332.7 -1,082.9 -284.9 -263.4 -267.3 -261.8 -288.3 -295.8 -290.6 -311.8 27 -251.0 -287.7 -267.6 -289.9 -299.0 -285.0 -282.1 -278.0 -285.1 -771.1 28 -1,270.8 -1,279.1 -1,193.7 -1,072.4 -1,313.6 -1,318.0 -1,259.6 -1,225.2 -1,191.9 -1,234.7 -1,193.0 -1,155.3 -1,050.1 -1,113.8 -1,083.6 -1,042.1 -855.0 -304.9 -550.1 Addenda: Total receipts............................. Current receipts....................... Capital transfer receipts.......... 29 30 31 3,716.2 3,691.2 24.9 3,904.7 3,885.0 19.7 4,088.6 4,074.1 14.5 4,280.9 4,259.2 21.7 3,802.3 3,780.5 21.8 3,856.6 3,836.2 20.4 3,952.6 3,933.2 19.3 4,007.3 3,989.9 17.4 4,066.2 4,051.7 14.5 4,096.0 4,081.6 14.4 4,089.4 4,075.1 14.3 4,102.7 4,088.0 14.7 4,250.9 4,233.7 17.2 4,252.6 4,234.4 18.2 4,268.2 4,248.5 19.6 4,351.9 4,320.3 31.6 4,569.9 4,547.3 22.6 4,849.3 4,826.3 23.0 Total expenditures..................... Current expenditures............... Gross government investment Capital transfer payments........ Net purchases of nonproduced assets................................. Less: Consumption of fixed capital................................. 32 33 34 35 5,564.2 5,213.0 647.0 143.5 5,724.5 5,451.8 651.8 69.3 5,753.5 5,535.4 632.6 54.4 5,788.0 5,621.6 619.0 32.2 5,679.0 5,393.2 635.4 90.3 5,756.9 5,439.2 655.3 109.4 5,727.4 5,474.9 660.5 43.3 5,734.7 5,500.0 656.0 34.3 5,712.4 5,507.0 633.9 32.2 5,808.2 5,583.6 633.2 58.3 5,742.2 5,529.9 631.6 53.3 5,751.2 5,521.3 631.8 73.7 5,741.4 5,568.9 617.3 35.3 5,796.8 5,636.5 625.3 18.7 5,782.4 5,627.9 620.6 20.4 5,831.4 5,653.0 612.5 54.6 5,754.8 5,630.1 598.8 17.2 5,799.6 5,681.3 599.9 13.0 36 3.4 9.6 9.2 8.9 10.3 8.9 9.2 9.9 9.9 9.4 8.5 9.2 8.9 9.0 8.8 8.7 9.2 8.8 497.4 476.2 484.7 492.7 495.3 500.5 442.7 458.1 478.1 450.2 456.0 460.5 465.5 470.6 481.0 488.9 493.6 38 -1,848.0 -1,819.8 -1,664.9 -1,507.1 -1,876.7 -1,900.2 -1,774.8 -1,727.4 -1,646.2 -1,712.2 -1,652.8 -1,648.6 -1,490.5 -1,544.2 -1,514.3 -1,479.5 -1,184.9 -950.3 Net lending or net borrowing (-) 37 503.5 Government Current Receipts and Expenditures 116 September 2013 Table 3.2. Federal Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line Current receipts..................... Current tax receipts......................... Personal current taxes................. Taxes on production and imports Excise taxes............................ Customs duties........................ Taxes on corporate income Federal Reserve banks........... Other....................................... Taxes from the rest of the world.... Contributions for government social insurance..................................... Income receipts on assets............... Interest receipts........................... Dividends.................................... Rents and royalties...................... Current transfer receipts.................. From business............................. From persons.............................. Current surplus of government enterprises.................................. 2009 2010 2011 2012 2010 2011 2012 2013 I II III IV I II III IV I II III IV I II 1 2 3 4 5 6 7 8 9 10 2,230.1 1,163.7 857.2 91.4 68.3 23.1 200.4 47.4 153.0 14.8 2,391.7 1,305.0 893.8 96.8 68.2 28.6 298.7 79.3 219.4 15.7 2,516.7 1,496.1 1,077.0 108.6 76.7 31.9 294.2 75.4 218.8 16.3 2,663.0 1,636.0 1,149.2 118.0 84.5 33.5 351.0 88.4 262.6 17.8 2,309.0 1,238.1 854.2 93.1 66.8 26.2 276.8 72.1 204.7 14.1 2,363.1 1,279.8 885.8 96.3 68.5 27.8 282.4 70.2 212.2 15.3 2,429.9 1,334.9 908.7 98.9 68.9 30.0 312.8 85.7 227.1 14.5 2,465.0 1,367.1 926.7 98.7 68.4 30.3 322.7 89.1 233.6 18.9 2,506.3 1,486.7 1,055.5 102.9 72.0 30.9 313.8 87.3 226.5 14.5 2,523.1 1,503.1 1,072.2 108.5 76.4 32.0 307.3 80.2 227.0 15.2 2,515.7 1,488.2 1,091.5 109.2 76.7 32.5 270.2 69.4 200.9 17.3 2,521.6 1,506.6 1,088.7 113.9 81.9 32.0 285.7 64.7 220.9 18.4 2,645.4 1,611.7 1,122.4 117.2 84.9 32.3 355.3 96.5 258.9 16.8 2,641.1 1,614.0 1,133.1 118.6 84.9 33.7 344.9 93.9 251.0 17.4 2,656.6 1,638.6 1,147.2 118.2 84.4 33.7 356.1 85.5 270.6 17.1 2,709.0 1,679.8 1,194.0 118.0 83.8 34.2 347.9 77.8 270.0 19.9 2,900.1 1,711.0 1,252.0 118.8 83.5 35.4 321.0 61.9 259.1 19.2 3,164.0 1,742.6 1,271.7 118.8 84.6 34.1 332.7 73.5 259.2 19.4 11 12 13 14 15 16 17 18 950.8 48.5 22.8 18.7 7.0 66.2 46.7 19.5 970.9 54.6 29.5 17.0 8.0 64.4 43.8 20.6 904.3 57.4 28.5 18.8 10.1 66.1 45.9 20.1 937.8 52.9 22.2 21.1 9.6 49.7 28.7 21.0 958.7 48.9 27.2 14.9 6.7 63.8 43.0 20.8 970.9 53.0 28.9 16.3 7.8 61.7 40.9 20.8 975.2 57.8 30.8 18.6 8.4 66.0 45.3 20,7 978.8 58.7 31.3 18.3 9.1 66.1 45.8 20.2 898.7 59.3 30.9 18.7 9.7 68.0 48.1 19.9 902.5 58.2 29.9 18.1 10.1 65.6 45.8 19.8 910.8 57.5 27.8 18.9 10.8 66.8 46.7 20.1 905.4 54.8 25.4 19.5 9.9 63.8 43.1 20.7 929.2 53.9 23.5 21.0 9.4 60.3 39.2 21.1 932.1 52.2 21.6 21.2 9.4 54.6 33.4 21.2 934.6 52.2 21.7 21.2 9.4 45.6 24.6 21.1 955.3 53.3 22.2 20.9 10.2 38.4 17.7 20.7 1,081.7 74.1 23.3 41.4 9.3 53.9 33.5 20.4 1,088.2 299.9 23.7 266.6 9.6 57.1 36.8 20.3 19 0.8 -3.1 -7.3 -13.4 -0.4 -2.4 -3.9 -5.6 -6.2 -6.4 -7.6 -8.9 -9.7 -11.8 -14.4 -17.8 -20.6 -23.7 Current expenditures............ Consumption expenditures.............. Current transfer payments............... Government social benefits..... To persons............................... To the rest of the world............ Other current transfer payments... Grants-in-aid to state and local governments........................ To the rest of the world (net) Interest payments............................ To persons and business............. To the rest of the world................ Subsidies......................................... 20 21 22 23 24 25 26 3,479.9 933.7 2,135.6 1,624.9 1,608.9 16.0 510.7 3,721.3 1,003.9 2,282.5 1,726.6 1,710.1 16.5 555.9 3,764.9 1,008.7 2,274.3 1,745.3 1,728.2 17.1 529.0 3,772.7 1,011.7 2,283.6 1,790.5 1,772.5 18.0 493.1 3,661.3 979.1 2,268.2 1,721.0 1,704.7 16.3 547.2 3,703.1 1,005.1 2,259.4 1,722.9 1,706.4 16.5 536.5 3,750.0 1,018.8 2,295.4 1,728.4 1,711.8 16.6 566.9 3,770.6 1,012.7 2,307.0 1,734.3 1,717.6 16.7 572.7 3,751.3 1,001.1 2,284.6 1,734.3 1,717.4 16.9 550.3 3,836.4 1,017.4 2,306.0 1,743.4 1,726.4 17.0 562.5 3,747.4 1,013.4 2,256.8 1,748.2 1,731.0 17.2 508.6 3,724.6 1,002.7 2,249.8 1,755.4 1,738.1 17.3 494.4 3,739.4 1,009.3 2,266.3 1,775.6 1,757.9 17.7 490.7 3,787.9 1,007.4 2,273.3 1,780.9 1,762.9 17.9 492.4 3,775.8 1,036.1 2,293.1 1,793.1 1,775.0 18.1 500.0 3,787.5 993.9 2,301.7 1,812.3 1,794.2 18.1 489.3 3,753.2 982.3 2,327.2 1,848.1 1,829.7 18.4 479.2 3,820.3 975.9 2,347.6 1,850.0 1,831.5 18.5 497.7 27 28 29 30 31 32 458.1 52.7 353.6 264.8 88.8 56.9 505.3 50.6 380.6 288.0 92.6 54.3 472.5 56.5 422.6 325.1 97.5 59.4 443.2 49.9 420.6 327.6 93.0 56.8 492.2 55.1 360.8 272.7 88.1 53.2 492.3 44.3 385.2 295.0 90.2 53.4 517.2 49.7 381.2 286.4 94.8 54.6 519.5 53.2 395.1 297.8 97.3 55.9 495.4 54.9 407.6 310.6 97.0 57.9 500.5 62.0 453.5 356.0 97.5 59.5 453.8 54.9 417.2 318.7 98.4 60.1 440.3 54.1 411.9 315.0 96.9 60.2 436.1 54.7 406.4 312.2 94.2 57.3 440.7 51.6 450.1 357.4 92.7 57.2 447.7 52.3 391.1 298.4 92.7 55.6 448.4 40.9 434.7 342.3 92.4 57.3 431.5 47.6 386.1 292.5 93.6 57.5 445.7 51.9 438.4 346.7 91.7 58.4 Net federal government saving................................. Social insurance funds.................... Other............................................... 33 -1,249.8 -1,329.5 -1,248.3 -1,109.7 -1,352.3 -1,340.0 -1,320.1 -1,305.7 -1,244.9 -1,313.4 -1,231.7 -1,203.0 -1,094.0 -1,146.9 -1,119.3 -1,078.5 34 -253.1 -301.8 -288.0 -285.4 -288.5 -267.4 -271.6 -290.9 -271.8 -293.9 -282.2 -289.1 -292.2 -299.7 -294.6 -266.1 35 -996.7 -1,038.6 -976.4 -815.8 -1,050.6 -1,052.0 -1,034.6 -1,017.1 -977.5 -1,041.8 -965.6 -920.8 -804.9 -854.7 -819.6 -784.0 -853.1 -315.9 -537.1 -656.4 -309.4 -346.9 Addenda: 2,677.1 2,663.0 14.1 2,326.6 2,309.0 17.5 2,378.9 2,363.1 15.8 2,444.3 2,429.9 14.3 2,477.6 2,465.0 12.6 2,516.1 2,506.3 9.8 2,532.6 2,523.1 9.5 2,525.1 2,515.7 9.4 2,531.4 2,521.6 9.8 2,657.6 2,645.4 12.2 2,654.4 2,641.1 13.3 2,671.2 2,656.6 14.7 2,725.1 2,709.0 16.1 2,917.7 2,900.1 17.6 3,181.8 3,164.0 17.8 3,891.9 3,772.7 284.0 98.7 3,861.5 3,661.3 290.1 151.0 3,937.9 3,703.1 299.5 181.1 3,926.6 3,750.0 302.9 121.8 3,939.3 3,770.6 307.4 111.7 3,894.3 3,751.3 296.3 100.1 4,003.7 3,836.4 297.9 126.1 3,905.1 3,747.4 295.1 122.2 3,902.4 3,724.6 292.2 145.3 3,860.9 3,739.4 282.4 100.9 3,896.9 3,787.9 286.4 85.7 3,886.2 3,775.8 286.0 88.7 3,923.4 3,787.5 281.4 119.6 3,843.1 3,753.2 272.7 83.4 3,905.7 3,820.3 276.8 76.2 -1.1 -0.2 -0.2 -0.7 -1.6 -1.0 -1.4 -1.3 -1.4 -1.4 -0.6 -0.8 246.9 250.1 253.2 256.1 257.9 260.4 262.9 263.7 258.6 261.9 45 -1,476.7 -1,509.5 -1,400.1 -1,214.8 -1,535.0 -1,559.0 -1,482.4 -1,461.7 -1,378.1 -1,471.1 -1,380.0 -1,371.1 -1,203.3 -1,242.5 -1,215.0 -1,198.3 265.6 266.9 -925.4 -723.9 Total receipts............................. Current receipts....................... Capital transfer receipts........... 36 37 38 2,250.7 2,230.1 20.6 2,406.8 2,391.7 15.1 Total expenditures..................... Current expenditures............... Gross government investment Capital transfer payments,, Net purchases of nonproduced assets.................................. Less: Consumption of fixed capital................................. Net lending or net borrowing (-) 39 40 41 42 3,727.3 3,479.9 284.0 206.9 3,916.3 3,721.3 300.0 141.4 2,526.3 2,516.7 9.6 3,926.4 3,764.9 295.4 123.4 43 -8.9 -1.0 -0.9 -1.4 -0.8 -1.7 44 234.5 245.3 256.5 262.3 240.2 244.1 September 2013 117 S u r v e y o f C u r r e n t B u sin ess Table 3.3. State and Local Government Current Receipts and Expenditures [Billions of dollars] Seasonally adjusted at annual rates Line Current receipts..................... Current tax receipts......................... Personal current taxes................. Income taxes........................... Other....................................... Taxes on production and imports Sales taxes.............................. Property taxes......................... Other....................................... Taxes on corporate income......... Contributions for government social insurance.................................... Income receipts on assets............... Interest receipts........................... Dividends.................................... Rents and royalties..................... Current transfer receipts.................. Federal grants-in-aid................... From business (net)..................... From persons............................. Current surplus of government enterprises................................. 2009 2010 2011 2012 2010 2011 2012 2013 I II III IV I II III IV I II III IV I II 1 2 3 4 5 6 7 8 9 10 1,919.2 1,268.1 287.8 259.5 28.3 934.8 423.9 435.1 75.8 45.6 1,998.5 1,305.6 297.6 267.1 30.5 960.4 446.0 435.0 79.4 47.7 2,029.9 1,366.3 327.0 296.1 30.9 988.5 463.7 436.9 87.9 50.7 2,039.4 1,405.2 348.8 317.3 31.6 1,004.9 474.9 440.0 90.0 51.4 1,963.7 1,285.1 291.4 261.6 29.9 949.2 431.8 436.7 80.7 44.5 1,965.4 1,285.6 282.2 251.7 30.5 957.9 443.4 434.9 79.5 45.6 2,020.5 1,315.5 300.7 269.9 30.9 964.2 452.2 434.2 77.8 50.6 2,044.5 1,336.4 316.2 285.5 30.7 970.2 456.5 434.4 79.4 49.9 2,040.7 1,355.4 320.5 289.8 30.7 982.4 460.4 435.5 86.5 52.5 2,059.0 1,367.6 327.7 296.9 30.8 991.4 467.7 436.5 87.2 48.4 2,013.1 1,367.5 330.1 299.1 31.0 986.7 460.6 437.4 88.8 50.7 2,006.7 1,374.7 329.7 298.7 31.1 993.6 466.2 438.1 89.3 51.4 2,024.4 1,398.3 340.5 309.1 31.4 1,007.2 476.0 438.7 92.5 50.7 2,034.1 1,403.1 346.9 315.3 31.6 1,003.7 473.2 439.5 91.0 52.5 2,039.6 1,400.9 349.2 317.7 31.5 1,000.6 473.0 440.4 87.2 51.1 2,059.7 1,418.4 358.8 326.9 31.8 1,008.3 477.3 441.4 89.6 51.3 2,078.7 1,453.4 377.1 345.5 31.6 1,021.9 490.7 441.9 89.2 54.5 2,108.1 1,466.5 393.1 361.6 31.6 1,020.5 488.6 442.4 89.4 52.9 11 12 13 14 15 16 17 18 19 18.6 87.8 74.4 2.1 11.2 566.1 458.1 44.0 64.0 18.1 82.6 69.1 2.3 11.2 612.0 505.3 43.4 63.2 18.3 80.0 66.3 2.3 11.4 581.8 472.5 44.2 65.2 17.5 78.5 64.2 2.4 11.9 552.6 443.2 41.9 67.5 18.2 83.4 69.9 2.3 11.1 597.8 492.2 42.4 63.2 18.1 83.0 69.5 2.4 11.2 598.9 492.3 43.6 63.0 18.1 82.3 68.8 2.2 11.2 624.2 517.2 43.9 63.1 18.2 81.7 68.2 2.3 11.3 626.9 519.5 43.9 63.5 18.3 80.9 67.5 2.1 11.3 603.8 495.4 44.2 64.2 18.4 80.1 66.6 2.2 11.4 609.7 500.5 44.4 64.9 18.3 79.8 66.0 2.4 11.5 563.6 453.8 44.3 65.5 18.1 79.1 65.1 2.4 11.6 550.2 440.3 43.8 66.1 17.8 78.1 64.1 2.2 11.7 544.8 436.1 42.2 66.6 17.6 78.1 63.8 2.5 11.9 549.6 440.7 41.7 67.2 17.4 78.4 64.0 2.4 12.0 557.0 447.7 41.6 67.8 17.3 79.3 64.9 2.3 12.1 558.7 448.4 42.0 68.3 17.3 80.2 65.8 2.3 12.1 542.7 431.5 42.2 69.0 17.4 81.1 66.6 2.3 12.2 558.4 445.7 43.0 69.6 20 -21.4 -19.8 -16.5 -14.3 -20.7 -20.2 -19.6 -18.7 -17.6 -16.8 -16.1 -15.5 -14.8 -14.3 -14.1 -14.0 -14.9 -15.2 21 22 2,191.2 1,508.4 2,235.8 1,518.3 2,243.0 1,517.4 2,292.1 1,536.4 2,224.0 1,521.2 2,228.4 1,521.0 2,242.1 1,515.4 2,248.9 1,515.6 2,251.1 1,515.0 2,247.6 1,521.1 2,236.3 1,519.7 2,236.9 1,514.0 2,265.5 1,533.0 2,289.3 1,531.3 2,299.7 1,536.8 2,313.9 1,544.3 2,308.5 1,543.0 2,306.7 1,542.2 23 24 25 492.6 188.8 1.4 523.8 192.1 1.6 532.0 192.9 0.5 544.3 211.0 0.5 508.0 193.1 1.6 512.5 192.6 2.1 533.3 191.8 1.6 541.4 191.0 1.0 545.4 189.8 0.9 535.3 190.8 0.4 522.7 193.5 0.4 524.7 197.7 0.4 527.3 204.8 0.5 547.5 209.9 0.5 548.8 213.7 0.5 553.7 215.5 0.5 552.3 212.7 0.5 553.5 210.6 0.5 26 27 28 -271.9 2.2 -274.1 -237.3 3.2 -240.5 -213.1 4.2 -217.3 -252.7 3.9 -256.6 -260.3 2.7 -263.1 -262.9 3.0 -266.0 -221.6 3.3 -224.9 -204.4 3.7 -208.0 -210.3 4.0 -214.3 -188.6 4.2 -192.9 -223.1 4.3 -227.5 -230.3 4.2 -234.5 -241.1 4.0 -245.2 -255.2 3.9 -259.1 -260.1 3.9 -264.0 -254.2 3.9 -258.2 -229.8 4.2 -234.0 -198.7 4.5 -203.2 Total receipts............................ Current receipts....................... Capital transfer receipts.......... 29 30 31 1,987.0 1,919.2 67.7 2,075.2 1,998.5 76.7 2,103.8 2,029.9 73.9 2,113.5 2,039.4 74.1 2,028.7 1,963.7 65.0 2,041.7 1,965.4 76.3 2,104.0 2,020.5 83.5 2,126.6 2,044.5 82.1 2,113.4 2,040.7 72.7 2,131.7 2,059.0 72.7 2,086.9 2,013.1 73.8 2,083.1 2,006.7 76.5 2,095.0 2,024.4 70.6 2,106.1 2,034.1 72.0 2,112.8 2,039.6 73.2 2,140.2 2,059.7 80.5 2,149.9 2,078.7 71.3 2,176.4 2,108.1 68.4 Total expenditures..................... Current expenditures............... Gross government investment Capital transfer payments........ Net purchases of nonproduced assets.................................. Less: Consumption of fixed capital................................. 32 33 34 35 2,358.3 2,191.2 363.0 0.0 2,385.5 2,235.8 351.9 0.0 2,368.6 2,243.0 337.2 0.0 2,405.9 2,292.1 334.9 0.0 2,370.4 2,224.0 345.3 0.0 2,382.9 2,228.4 355.8 0.0 2,396.5 2,242.1 357.6 0.0 2,392.3 2,248.9 348.6 0.0 2,381.5 2,251.1 337.7 0.0 2,372.8 2,247.6 335.2 0.0 2,359.7 2,236.3 336.4 0.0 2,360.6 2,236.9 339.6 0.0 2,382.2 2,265.5 334.9 0.0 2,407.8 2,289.3 339.0 0.0 2,412.1 2,299.7 334.6 0.0 2,421.4 2,313.9 331.2 0.0 2,409.5 2,308.5 326.1 0.0 2,402.8 2,306.7 323.1 0.0 36 12.3 10.6 10.1 10.2 11.1 10.7 10.3 10.2 10.1 10.1 10.1 10.2 10.3 10.3 10.2 10.1 9.8 9.6 37 208.2 212.7 221.7 231.4 210.0 211.9 213.6 215.4 217.4 220.2 223.1 226.1 228.5 230.8 232.4 233.7 234.9 236.6 Net lending or net borrowing (-) 38 -371.4 -310.3 -264.8 -292.4 -341.7 -341.2 -292.5 -265.7 -268.0 -241.1 -272.8 -277.5 -287.2 -301.7 -299.3 -281.2 -259.6 -226.4 Current expenditures............ Consumption expenditures.............. Government social benefit payments to persons................................... Interest payments........................... Subsidies........................................ Net state and local government saving........... Social insurance funds.................... Other.............................................. Addenda: 118 Government Current Receipts and Expenditures September 2013 Table 3.4. Personal Current Tax Receipts [Billions of dollars] Line 2009 2010 2011 2012 Personal current taxes 1........................... 1 1,144.9 1,191.5 1,404.0 Federal............................................................... Income taxes................................................... Withheld...................................................... Declarations and settlements....................... Less: Refunds............................................. Other taxes 2................................................... 2 3 4 5 6 7 857.2 857.2 833.1 297.4 273.4 0.0 893.8 893.8 883.4 263.3 252.9 0.0 1,077.0 1,077.0 986.7 322.5 232.2 0.0 1,498.0 1,149.2 1,149.2 1,050.2 337.8 238.9 0.0 State and local................................................... Income taxes................................................... Motor vehicle licenses..................................... Properly taxes................................................. Other taxes 3................................................... 8 9 10 11 12 287.8 259.5 15.4 7.4 5.4 297.6 267.1 16.3 7.5 6.6 327.0 296.1 16.9 7.3 6.7 348.8 317.3 17.4 7.3 6.9 1. Excludes estate and gift taxes, which are classified in the NIPAs as capital transfers. 2. Consists of the dividends tax in 1933-34 and of the automobile use tax in 1942-46. 3. Consists largely of hunting, fishing, and other personal licenses. Table 3.5. Taxes on Production and Imports Table 3.6. Contributions for Government Social Insurance [Billions of dollars] [Billions of dollars] 2010 2011 2012 1 1,026.1 Line Taxes on production and imports..................... 2009 1,057.1 1,097.1 1,122.9 Federal........................................................................ Excise taxes............................................................ Gasoline Alcoholic beverages............................................ Tobacco. Diesel fuel Air transport Crude oil windfall profits tax................................. Other Customs duties....................................................... Other2...... 2 3 4 5 6 7 8 9 10 11 12 91.4 68.3 20.4 8.6 16.3 7.6 13.6 96.8 68.2 19.5 8.8 17.5 7.4 12.5 108.6 76.7 18.3 9.0 17.0 8.4 13.7 118.0 84.5 25.0 9.4 16.5 9.1 13.8 1.7 23.1 0.0 2.4 28.6 0.0 10.3 31.9 0.0 10.7 33.5 0.0 State and local Sales taxes State..... General Gasoline Alcoholic beverages........................................ Tobacco........................................................... Public utilities.................................................. Insurance receipts........................................... Other. Local.................................................................... General........................................................... Public utilities.................................................. Other............................................................... Property taxes......................................................... Motor vehicle licenses............................................. Severance taxes...................................................... Special assessments.............................................. Other taxes 3........................................................... 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 934.8 423.9 335.6 219.3 36.4 5.4 16.5 14.8 15.5 27.6 88.3 62.3 13.7 12.3 435.1 8.7 8.7 7.5 51.0 960.4 446.0 354.7 229.8 38.3 5.7 17.2 14.7 15.6 33.4 91.2 64.7 14.0 12.6 435.0 9.1 11.8 7.4 51.0 988.5 463.7 369.9 239.7 39.7 5.8 17.2 14.6 16.5 36.5 93.8 66.6 14.2 13.1 436.9 9.5 17.4 7.6 53.5 1,004.9 474.9 379.2 247.1 40.2 6.0 17.3 14.4 16.8 37.4 95.7 68.0 14.3 13.4 440.0 9.8 17.3 8.0 55.0 1. Consists largely of taxes on telephone services, tires, coal, nuclear fuel, and trucks, and of refunds other than those for alcoholic beverages and tobacco. 2. Consists of the capital stock tax in 1933-45. 3. Consists largely of business licenses and of documentary and stamp taxes. Line Contributions for government social insurance....................................................... Employer contributions............................................ Federal social insurance funds................................ Old-age, survivors, disability, and hospital insurance........................................................ Old-age, survivors, and disability insurance.... Hospital insurance.......................................... Unemployment insurance.................................... State unemployment insurance....................... Federal unemployment ta x .............................. Railroad employees unemployment insurance Federal employees unemployment insurance... Railroad retirement............................................. Pension benefit guaranty..................................... Veterans life insurance........................................ Workers’ compensation....................................... Military medical insurance 1................................ State and local social insurance funds.................... Temporary disability insurance............................ Workers’ compensation....................................... Employee and self-employed contributions............ Federal social insurance funds................................ Old-age, survivors, disability, and hospital insurance........................................................ Employees...................................................... Old-age, survivors, and disability insurance Hospital insurance....................................... Self-employed................................................. Supplementary medical insurance...................... State unemployment insurance........................... Railroad retirement............................................. Veterans life insurance........................................ State and local social insurance funds 2.................. Rest-of-the-world contributions3............................. 2009 2010 2011 2012 1 969.4 989.0 922.6 955.3 2 3 458.1 445.4 469.4 457.5 494.4 482.6 514.3 502.7 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 393.9 307.6 86.3 38.9 30.9 6.6 0.1 1.3 2.7 2.4 0.0 2.6 4.9 12.7 0.0 12.6 395.5 307.5 88.1 48.8 40.2 6.8 0.1 1.7 2.7 2.6 0.1 2.7 5.0 11.9 0.0 11.9 411.5 319.9 91.5 57.8 47.4 8.2 0.2 1.9 2.9 2.2 0.1 2.9 5.2 11.8 0.0 11.8 429.5 333.6 95.8 58.9 49.5 7.5 0.2 1.6 3.0 3.0 0.1 2.7 5.6 11.6 0.0 11.5 20 21 506.3 500,4 514.7 508.5 423.8 417.3 436.4 430.5 22 23 24 25 26 27 28 29 30 31 443.9 394.3 305.1 89.2 49.6 54.2 0.5 1.5 0.3 5.9 448.5 399.5 308.1 91.4 49.0 57.7 0.5 1.5 0.3 6.2 355.6 309.4 214.6 94.8 46.1 59.7 0.6 1.3 0.3 6.5 367.8 323.0 223.7 99.3 44.8 60.5 0.6 1.4 0.2 5.9 32 5.0 4.9 4.4 4.6 1. Consists of payments for medical services for dependents of active duty military personnel at nonmilitary facilities. 2. Consists of contributions for temporary disability insurance. 3. Consists primarily of contributions by residents of the U.S. territories and the Commonwealths of Puerto Rico and Northern Mariana Islands. September 2013 119 S u r v ey o f C u r r e n t B u sin ess Table 3.7. Government Current Transfer Receipts Table 3.8. Current Surplus of Government Enterprises [Billions of dollars] [Billions of dollars] Line 2009 2010 2011 2012 Line 2009 2010 2011 2012 Current transfer receipts.................................. 1 174.3 171.1 175.4 159.1 Current surplus of government enterprises 1 -20.6 -22.9 -23.8 -27.7 From business (net).................................................. Federal............................. Deposit insurance premiums ' ............................ Other2......................... State and local (net)......... Fines............................ Net insurance settlements Other3................................................ 2 3 4 5 6 7 8 9 90.7 46.7 26.3 20.4 44.0 13.0 -0.4 31.4 87.2 43.8 18.9 24.8 43.4 12.9 -0.2 30.7 90.1 45.9 18.4 27.6 44.2 13.1 0.2 30.8 70.6 28.7 18.2 10.5 41.9 13.5 -2.5 30.8 Federal....................................................................... Postal Service......................................................... Federal Housing Administration.............................. Tennessee Valley Authority..................................... Other1.................................................................... 2 3 4 b 6 0.8 -3.0 2.4 1.9 -0.6 -3.1 -4.1 -0.4 1.0 0.3 -7.3 -5.8 -3.7 0.8 1.4 -13.4 -5.6 -9.6 0.8 0.9 From persons Federal4.... State and local........................................................ Fines..... Other5... 10 11 12 13 14 83.5 19.5 64.0 19.4 44.6 83.9 20.6 63.2 19.4 43.8 85.3 20.1 65.2 19.7 45.5 88.5 21.0 67.5 20.3 47.2 State and lo c a l... Water and sewerage Gas and electricity Toll facilities..... Liquor stores.... Air and water terminals........................................... Housing and urban renewal.................................... Public transit.... Other2.................................................................... 7 8 9 10 11 12 13 14 15 -21.4 3.6 7.5 1.3 1.1 0.8 -24.2 -37.7 26.2 -19.8 5.9 8.0 1.9 1.1 1.3 -27.2 -37.9 27.1 -16.5 8.8 8.9 2.3 1.3 1.8 -28.6 -38.4 27.4 -14.3 11.9 10.0 2.6 1.4 2.1 -31.0 -39.6 28.1 1. Beginning in 2008, includes receipts for the U.S. Treasury's Temporary Guarantee Program for Money Market Funds and the Federal Deposit Insurance Corporation’s (FDIC) Temporary Liquidity Guarantee Program. 2. Consists largely of fines and fees, less net insurance settlements. 3. Consists largely of donations. Beginning with 1997, includes settlements of lawsuits with tobacco compa nies. 4. Consists of fines, immigration fees, certain penalty taxes, and excise taxes paid by nonprofit institutions serving households. 5. Consists largely of donations and other miscellaneous transfers, including unclaimed bank deposits. 1. Consists largely of the Bonneville Power Administration, other electric power agencies, and insurance agencies other than those insuring deposits in financial institutions. 2. Consists of lotteries, gaming administered by Indian tribal governments, off-track betting, local parking, and miscellaneous activities. Table 3.9.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and Gross Investment [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Government consumption expenditures and gross investment........................... Consumption expenditures' .................... Gross investment2................................. Structures........................................... Equipment........................................... Intellectual property products.............. Software.......................................... Research and development............. 2011 II III IV I II 2012 III IV I 2013 II III IV I II 1 2 3 4 5 6 7 8 3.2 3.7 0.9 0.7 0.7 1.5 -0.7 2.0 0.1 0.1 -0.1 -2.1 1.8 1.9 4.7 1.2 -3.2 -2.7 -5.3 -8.6 -4.1 -0.5 4.3 -1.6 -1.0 -0.2 -4.0 -7.0 -0.2 -2.3 3.1 -3.5 -2.9 -2.2 -5.5 -11.1 -3.4 2.9 6.8 2.0 2.9 0.9 10.7 19.8 7.0 -0.3 -3.8 0.5 -0.3 -0.9 1.7 1.5 -1.0 4.2 9.5 3.1 -4.1 -3.8 -5.0 -14.5 9.6 0.7 4.6 -0.2 -7.5 -5.5 -15.1 -15.3 -28.8 -2.0 3.8 -3.3 -1.3 -0.8 -3.2 -10.4 11.7 -2.1 3.2 -3.3 -2.5 -2.2 -3.7 -7.4 -0.2 -0.6 4.1 -1.7 -1.5 -1.5 -1.7 -3.9 2.9 -1.8 7.5 -4.0 -1.4 1.1 -10.8 -11.4 -15.7 -5.5 -2.2 -6.4 0.3 -0.4 3.1 -1.2 18.2 -1.0 5.2 -2.6 3.5 5.3 -3.9 -9.9 3.4 0.1 0.9 -0.1 -6.5 -6.8 -5.3 -5.0 -9.9 -1.9 7.8 -4.3 -4.2 -2.7 -10.1 -13.1 -18.0 1.1 4.8 0.2 -0.9 -1.0 -0.7 -7.4 11.7 0.5 -2.7 1.4 National defense........................................... Consumption expenditures.......................... Gross investment........................................ Structures............................................... Equipment............................................... Intellectual property products.................. Software.............................................. Research and development................. 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 5.7 6.5 2.9 17.3 2.0 1.2 -1.1 1.6 5.4 6.3 2.1 27.3 2.0 -2.4 -0.6 -2.6 -2.6 -2.3 -3.5 -10.4 -5.1 -1.0 4.2 -1.9 -2.3 -1.4 -5.7 -21.8 -5.3 -2.5 4.0 -3.2 -0.1 1.5 -3.7 0.3 4.4 -0.6 12.3 12.3 12.1 94.3 9.0 1.8 -3.4 3.1 -2.8 -4.5 2.5 -14.4 2.2 6.2 13.5 4.6 -2.7 -4.3 3.0 -12.4 12.2 0.4 4.9 -0.4 -3.5 -5.5 4.4 -14.6 15.3 -3.6 5.2 -4.6 -1.2 -2.0 1.1 -9.9 -1.8 3.9 4.8 3.7 -10.5 -8.6 -16.3 4.1 -37.3 -2.8 3.0 -3.8 -14.2 -10.4 -27.1 -30.1 -41.9 -2.9 3.3 -3.6 -3.5 -5.4 2.1 51.3 -9.9 -2.8 2.8 ^ .0 1.8 2.0 0.8 -20.2 14.6 -2.8 2.3 -3.6 6.8 7.3 5.0 -25.0 20.7 -4.5 2.7 -5.3 -6.5 -7.1 -4.8 -16.0 -9.7 -1.3 2.1 -2.1 -3.4 -2.9 -4.9 -32.5 -0.9 -1.2 2.8 -1.9 2.4 4.6 -5.5 -42.6 -0.6 -2.4 1.2 -2.8 -13.1 -16.1 -3.9 -23.1 -1.9 -0.1 3.6 -1.0 -3.1 -3.1 -3.0 -40.1 9.1 -2.7 7.2 -4.4 -10.2 -12.7 0.0 -46.3 9.3 -0.7 4.0 -1.2 11.3 18.7 -7.2 -35.0 8.1 -4.3 8.7 -7.2 -2.5 1.1 -13.8 -24.0 -21.7 -6.3 -3.8 -6.7 -6.7 -2.7 -20.9 -44.9 -27.7 -7.1 -4.6 -7.4 5.4 8.4 -2.9 -5.3 12.3 -5.6 -3.5 -6.1 -0.2 -1.5 4.6 -24.1 22.9 -1.3 4.9 -2.5 -1.0 -3.1 7.7 -39.9 27.9 -5.7 3.3 -6.7 1.2 1.4 0.5 -12.6 2.9 2.4 5.6 1.6 8.9 11.6 -0.5 -31.3 6.5 0.0 -0.5 0.1 12.5 16.2 -0.8 -48.0 6.7 -2.8 -0.7 -3.0 2.8 3.8 -0.1 -19.9 5.3 2.4 -0.5 3.1 -13.9 -16.1 -5.5 35.4 -15.5 -2.9 7.2 -4.8 -21.6 -24.9 -7.5 111.4 -19.2 -0.5 6.0 -1.2 1.0 2.2 -2.6 4.9 2.6 -4.9 7.7 -7.9 -8.4 -7.0 -13.2 -56.1 -19.9 0.2 2.2 -0.2 -11.2 -9.6 -17.3 -65.7 -23.0 -1.2 2.5 -1.7 6.2 6.9 4.3 5.4 2.1 4.7 -1.4 6.2 3.8 4.5 1.5 -4.2 0.6 3.3 14.4 1.5 -1.8 -1.0 -4.6 -28.3 -4.7 2.0 14.0 0.8 14.8 15.9 11.6 35.6 29.9 4.4 14.6 2.2 3.7 3.9 3.0 -2.2 2.7 4.3 12.8 2.9 7.6 8.7 3.3 11.4 2.8 2.1 11.5 1.1 25 26 27 28 29 30 31 32 -1.4 -0.6 -4.3 -26.8 -0.1 -2.8 2.1 -3.7 -3.2 -2.7 -5.3 -38.6 -1.2 ^(.0 0.8 -4.5 1.8 3.5 -3.0 -17.3 4.9 -1.9 2.7 -3.0 8.5 7.8 10.7 52.7 17.2 -0.3 -2.6 0.1 6.4 5.4 9.8 21.3 19.0 -2.7 -1.1 -2.9 Nondefense................................................... Consumption expenditures......................... Gross investment........................................ Structures............................................... Equipment............................................... Intellectual property products.................. Software.............................................. Research and development................. 4.4 4.4 4.0 12.6 4.9 1.8 7.1 0.9 3.2 3.7 1.4 -2.3 4.2 -1.0 7.4 -1.9 6.4 5.9 8.2 33.8 8.1 4.4 7.0 3.8 -3.6 -2.4 -7.2 -49.2 -5.7 1.3 2.0 1.1 -1.6 -3.4 4.9 -8.5 15.3 0.3 -3.5 1.1 -0.6 -3.2 10.3 -0.9 20.9 0.2 -4.5 0.8 -3.2 -3.6 -2.0 -12.6 -5.9 0.4 -3.1 1.4 State and local................................................... Consumption expenditures............................. Gross investment............................................ Structures................................................... Equipment................................................... Intellectual property products....................... Software.................................................. Research and development..................... 33 34 35 36 37 38 39 40 1.6 2.1 -0.6 -0.7 -2.1 3.2 0.1 5.7 -2.7 -2.6 -3.3 -3.6 -5.3 2.1 0.4 3.4 -3.6 -2.9 -6.8 -8.4 -1.8 2.3 4.4 0.8 -0.7 0.0 -3.7 -4.8 -0.3 0.8 5.0 -2.1 -7.1 -6.2 -10.9 -11.9 -12.1 0.6 -5.8 5.5 -0.8 -3.3 10.7 16.5 -14.5 -0.3 -5.8 3.9 -3.1 -3.9 0.6 1.9 -10.0 3.8 3.3 4.2 -5.0 -3.5 -11.5 -14.7 2.9 2.3 4.0 1.2 -5.4 -3.3 -14.0 -17.4 -1.6 2.6 5.4 0.7 -3.4 -2.6 -6.5 -9.1 5.2 1.6 5.0 -0.8 -1.9 -1.8 -2.7 -3.9 1.6 2.2 6.5 -0.8 -0.4 -0.4 -0.5 0.9 -11.3 2.6 8.1 -1.2 -0.6 1.1 -8.1 -10.1 1.0 -1.7 1.0 -3.6 0.6 0.4 1.9 1.2 7.7 0.5 5.9 -3.3 -0.2 1.3 -6.6 -7.8 -4.2 0.5 3.7 -1.8 -1.0 -0.1 -5.2 -7.8 5.9 3.4 8.9 -0.6 -1.3 0.1 -7.5 -8.2 -12.9 6.0 9.6 3.2 -0.5 0.5 -5.2 -7.3 3.2 1.4 -1.2 3.4 Federal............................................................... Consumption expenditures.......................... Gross investment........................................ Structures............................................... Equipment............................................... Intellectual property products.................. Software.............................................. Research and development................. -3.0 -4.0 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 120 Government Current Receipts and Expenditures September 2013 Table 3.9.2. Contributions to Percent Change in Real Government Consumption Expenditures and Gross Investment Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2011 2010 I II 2012 III IV I II III IV I II 2013 III IV I II Percent change at annual rate: Government consumption expenditures and gross investment............................ 1 3.2 0.1 -3.2 -1.0 -2.9 2.9 -0.3 -4.1 -7.5 -1.3 -2.5 -1.5 -1.4 0.3 3.5 -6.5 -4.2 -0.9 Percentage points at annual rates: Consumption expenditures ' .................... Gross investment2................................... Structures........................................... Equipment.... Intellectual property products............... Software.......................................... Research and development.............. 2 3 4 5 6 7 8 2.95 0.20 0.07 0.04 0.09 -0.01 0.10 0.09 -0.02 -0.21 0.09 0.11 0.05 0.06 -2.13 -1.08 -0.85 -0.20 -0.03 0.05 -0.07 -0.17 -0.81 -0.66 -0.01 -0.14 0.04 -0.17 -1.73 -1.14 -1.15 -0.16 0.17 0.07 0.09 0.77 2.10 1.79 0.33 -0.02 -0.04 0.03 -0.70 0.35 0.15 -0.04 0.24 0.10 0.14 -3.03 -1.03 -1.53 0.46 0.04 0.05 -0.01 -4.33 -3.19 -1.54 -1.54 -0.11 0.04 -0.16 -0.63 -0.64 -1.03 0.52 -0.13 0.04 -0.16 -1.79 -0.74 -0.71 -0.04 0.05 -0.08 -1.20 -0.34 -0.37 0.14 -0.11 0.09 -0.20 0.87 -2.26 -1.12 -0.80 -0.34 -0.03 -0.31 -0.31 0.60 -0.11 0.78 -0.06 0.06 -0.12 4.22 -0.76 -0.93 0.17 0.01 0.01 -5.53 -0.99 -0.43 -0.46 -0.11 0.09 -0.20 -2.19 -2.02 -1.22 -0.87 0.07 0.06 0.01 -0.81 -0.14 -0.66 0.50 0.03 -0.03 0.06 Federal........................ Consumption expenditures........................... Gross investment.. Structures Equipment ... Intellectual property products................... Software .......................................... Research and development.................. 9 10 11 12 13 14 15 16 2.18 1.91 0.27 0.14 0.07 0.06 -0.01 0.07 1.71 1.35 0.37 0.12 0.16 0.09 0.05 0.04 -1.06 -0.73 -0.33 -0.11 -0.17 -0.05 0.03 -0.08 -0.59 -0.18 -0.40 -0.26 1.53 1.38 0.14 -0.04 0.02 0.16 0.10 0.06 3.35 2.39 0.96 0.43 0.54 -0.01 -0.02 0.01 1.50 1.22 0.28 -0.02 0.10 0.21 0.09 0.12 -1.08 -1.39 0.31 -0.13 0.42 0.02 0.04 -0.01 -4.38 -2.78 -1.60 0.05 -1.52 -0.14 0.02 -0.16 0.72 0.64 0.08 -0.23 0.46 -0.14 0.02 -0.16 -1.40 -0.94 -0.45 -0.38 -0.02 -0.06 0.02 -0.08 -1.29 -1.00 -0.28 -0.44 0.30 -0.14 0.05 -0.19 -1.00 0.35 -1.36 -0.22 -0.82 -0.32 -0.03 -0.29 -0.08 -0.48 0.41 -0.21 0.68 -0.07 0.04 -0.10 3.54 3.58 -0.03 -0.26 0.22 -5.94 -5.48 -0.46 0.21 -0.53 -0.14 0.06 -0.20 -3.47 -2.25 -1.22 -0.53 -0.70 0.01 0.02 -0.01 -0.65 -1.08 0.42 -0.05 0.46 0.02 -0.03 0.05 National defense ... Consumption expenditures........................... Gross investment.. Structures........ Equipment................................................ Intellectual property products................... Software............................................... Research and development.................. 17 18 19 20 21 22 23 24 1.35 1.23 0.12 0.12 0.06 -0.06 -0.61 -0.29 -0.32 -0.11 -0.15 -0.06 0.01 -0.07 -0.85 -0.56 -0.29 -0.16 -0.03 -0.09 1.61 1.08 0.53 0.10 0.49 -0.06 0.00 -0.06 1.91 1.72 0.19 0.06 0.08 0.05 0.02 0.02 -0.90 -1.16 0.26 -0.08 0.43 -0.08 0.01 -0.10 -3.88 -2.18 -1.70 -0.18 -1.46 -0.06 0.01 -0.07 1.74 1.46 0.28 -0.14 0.52 -0.11 0.01 -0.11 -2.85 -2.86 -0.26 -0.65 0.39 -0.14 0.66 -0.13 0.01 -0.14 -6.11 -5.74 -0.37 0.19 -0.55 -0.01 0.01 -0.02 -2.92 -1.97 -0.95 -0.26 -0.66 -0.03 0.01 -0.03 -0.15 -0.65 0.50 -0.23 0.25 -0.02 0.01 -0.03 -1.80 -0.56 -1.24 -0.19 -0.88 -0.17 -0.01 -0.16 3.12 3.15 -0.03 -0.16 0.19 -0.06 -0.09 -0.48 -0.22 -0.26 -0.18 -0.13 0.05 0.03 0.02 0.65 0.95 -0.30 -0.24 -0.01 -0.06 -0.06 0.82 0.74 0.08 -0.01 0.12 -0.02 0.02 -0.04 -0.01 0.02 Nondefense.................................................... Consumption expenditures........................... Gross investment............ Structures................... Equipment.................. Intellectual property products................... Software................. Research and development.................. 25 26 27 28 29 30 31 32 0.84 0.69 0.15 0.02 0.01 0.12 -0.01 0.13 0.90 0.61 0.29 0.13 0.05 0.11 0.03 0.08 -0.45 -0.44 -0.01 0.01 -0.02 0.01 0.02 -0.01 0.26 0.38 -0.12 -0.09 0.03 -0.05 0.01 -0.07 2.01 1.60 0.40 0.14 0.15 0.11 0.07 0.05 1.74 1.31 0.43 0.33 0.05 0.05 -0.02 0.07 -0.41 -0.51 0.09 -0.08 0.01 0.16 0.06 0.10 -0.18 -0.22 0.04 -0.05 -0.01 0.10 0.02 0.08 -0.50 -0.60 0.10 0.23 -0.06 -0.07 0.01 -0.09 -1.02 -0.83 -0.19 -0.10 -0.06 -0.04 0.01 -0.05 -2.05 -1.89 -0.15 -0.14 -0.01 1.57 1.85 -0.29 -0.21 0.05 -0.12 0.04 -0.16 0.80 0.91 -0.11 -0.03 0.07 -0.16 -0.02 -0.14 0.18 0.16 0.02 -0.06 0.02 0.06 0.03 0.03 0.17 0.26 -0.09 0.02 0.02 -0.13 0.04 -0.17 -0.55 -0.28 -0.27 -0.27 -0.04 0.04 0.01 0.02 -0.50 -0.42 -0.08 -0.05 -0.04 0.01 -0.02 0.03 State and lo cal...................... Consumption expenditures.. Gross investment................ Structures....................... Equipment...................... Intellectual property products Software.................................................. Research and development...................... 33 34 35 36 37 38 39 40 0.97 1.04 -0.07 -0.07 -0.03 0.03 -1.64 -1.25 -0.39 -0.33 -0.07 0.02 -0.39 0.01 -0.40 -0.41 -3.14 -1.55 -1.59 -1.60 -0.02 0.02 0.02 0.00 -1.13 -0.84 -0.29 -0.33 0.02 0.02 0.03 0.00 0.00 -0.26 -0.20 -0.06 0.07 -0.16 0.03 0.03 -0.01 0.37 0.17 0.20 0.10 0.10 0.01 0.02 -0.02 -0.58 -0.05 -0.53 -0.64 0.08 0.03 0.04 0.02 -2.98 -1.65 -1.33 -1.39 0.04 0.02 0.01 0.01 -1.99 -1.27 -0.72 -0.80 0.07 0.01 0.02 0.03 -1.84 -1.91 0.07 0.17 -0.14 0.03 0.01 0.02 -0.38 0.52 -0.90 -0.90 0.01 -0.02 0.00 -4.40 -3.11 -1.28 -1.11 -0.18 0.01 -0.02 0.03 -0.48 -1.62 1.14 1.35 -0.21 0.00 -2.15 -1.40 -0.75 -0.75 -0.02 0.02 0.02 0.00 -0.74 0.06 -0.80 -0.69 -0.18 0.06 0.04 0.02 -0.29 0.26 -0.56 -0.61 0.04 0.01 -0.01 0.02 0.00 0.00 -0.14 0.02 -0.16 0.00 0.00 0.01 0.02 -0.01 0.00 -0.02 0.02 0.00 0.00 -0.06 0.00 0.02 -0.02 0.00 0.00 -0.02 0.00 0.00 0.00 0.01 0.00 -0.06 0.43 0.43 0.00 -0.10 0.03 0.06 0.00 0.07 -0.08 0.64 -0.72 -0.68 -0.05 0.01 0.02 -0.01 0.00 0.00 0.49 0.00 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. September 2013 121 S u r v ey o f C u r r e n t B u sin ess Table 3.9.3. Real Government Consumption Expenditures and Gross Investment, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I 2011 IV I II 2012 III IV I II 2013 II III 100.554 100.526 100.664 99.782 101.813 101.275 102.967 100.884 100.468 100.307 101.089 100.154 101.560 102.334 105.319 101.650 99.431 97.506 97.194 96.573 96.198 95.863 95.933 96.752 95.135 94.117 93.893 99.338 97.948 97.754 97.205 96.836 97.096 97.000 98.266 96.549 95.882 95.640 99.795 95.796 95.030 94.132 93.730 91.095 91.803 90.905 89.674 87.308 87.151 96.321 92.407 89.911 88.207 87.331 84.725 84.477 82.313 81.269 78.474 76.984 103.908 95.464 98.148 98.108 98.807 94.665 98.716 99.533 96.980 92.297 94.883 102.513 101.997 101.462 101.301 100.838 99.413 99.154 99.184 98.707 98.982 99.107 106.508 107.503 108.354 109.441 111.442 110.833 112.252 112.511 114.634 115.974 115.182 101.600 100.745 99.900 99.461 98.453 96.850 96.221 96.200 95.155 95.197 95.523 104.577 104.720 104.105 116.792 104.794 101.235 104.988 100.608 105.531 105.728 104.875 116.148 105.495 102.313 108.208 101.336 104.819 104.565 105.664 112.381 108.578 102.413 109.507 101.241 III IV I II Government consumption expenditures and gross investment........................... Consumption expenditures 1.................... Gross investment2................................... Structures...... Equipment........................................... Intellectual property products............... Software ..................................... Research and development............. 1 2 3 4 5 6 7 8 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 Federal.......................... Consumption expenditures........................... Gross investment.... Structures.......... Equipment......... Intellectual property products................... Software.............................................. Research and development................. 9 10 11 12 13 14 15 16 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.074 96.868 95.921 99.844 100.115 97.436 97.228 100.289 99.921 94.672 90.869 98.135 97.911 89.464 83.196 95.385 101.845 97.632 97.473 100.097 101.868 101.400 99.115 101.351 104.688 109.185 112.558 103.957 101.221 99.640 96.107 100.750 104.350 101.660 100.212 102.472 104.446 102.036 101.453 102.770 104.032 100.404 96.045 101.485 112.595 100.890 73.863 105.058 104.898 99.593 99.458 100.723 101.818 100.828 97.960 101.311 107.099 111.648 113.979 105.692 100.941 99.056 95.359 100.580 National defense............................................ Consumption expenditures.......................... Gross investment.... Structures.......... Equipment......... Intellectual property products................... Software.............................................. Research and development................. 17 18 19 20 21 22 23 24 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 103.203 100.802 97.562 101.308 102.882 104.772 103.850 99.940 101.592 102.197 99.480 97.769 97.526 103.705 102.259 99.523 101.966 103.324 105.511 104.018 101.211 102.998 104.151 100.674 99.992 99.211 101.432 95.622 90.571 98.987 101.326 102.156 103.260 95.422 96.591 95.234 95.241 89.833 91.523 97.716 76.371 46.903 93.870 98.508 101.207 97.281 88.961 82.790 72.053 61.679 53.144 46.795 104.234 98.671 97.474 99.594 104.030 104.753 108.560 94.773 99.331 99.172 101.408 93.514 99.451 98.975 96.483 92.663 99.451 98.775 99.296 98.380 97.654 96.536 95.955 95.788 94.036 92.671 107.393 111.692 112.539 105.806 105.525 108.435 109.807 110.698 111.432 111.763 112.877 111.558 112.457 98.103 94.926 90.647 98.789 98.073 98.349 97.201 96.312 95.010 94.339 94.044 92.250 90.663 100.446 94.506 91.731 91.587 102.995 95.892 93.502 92.734 91.346 89.580 85.413 87.529 39.747 47.925 36.679 36.594 101.080 95.848 89.786 94.154 92.026 91.918 91.638 91.682 112.251 113.888 114.605 113.285 89.976 89.698 89.321 89.497 Nondefense.............. Consumption expenditures........................... Gross investment.... Structures.......... Equipment......... Intellectual property products................... Software Research and development................. 25 26 27 28 29 30 31 32 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 106.447 105.859 108.186 133.813 108.135 104.382 106.965 103.791 105.440 105.577 104.983 107.914 109.964 103.528 114.414 101.096 State and local................................................... Consumption expenditures............................... Gross investment............................................. Structures.................................................... Equipment................................................... Intellectual property products....................... Software.................................................. Research and development...................... 33 34 35 36 37 38 39 40 100.000 97.293 93.751 93.128 98.135 97.937 97.173 95.928 94.608 93.805 93.348 93.246 93.096 93.243 93.207 92.966 92.672 92.558 100.000 97.438 94.593 94.616 98.755 97.933 96.956 96.107 95.302 94.669 94.250 94.151 94.404 94.488 94.799 94.772 94.800 94.927 100.000 96.684 90.156 86.787 95.499 97.957 98.112 95.167 91.641 90.111 89.494 89.378 87.510 87.921 86.426 85.289 83.644 82.527 100.000 96.441 88.318 84.097 94.415 98.079 98.553 94.715 90.301 88.178 87.300 87.492 85.187 85.438 83.717 82.045 80.315 78.807 100.000 94.733 93.056 92.799 98.637 94.861 92.390 93.043 92.677 93.863 94.237 91.444 91.681 93.389 92.401 93.725 90.552 91.269 100.000 102.137 104.478 105.335 101.562 101.492 102.449 103.045 103.713 104.126 104.694 105.378 104.940 105.080 105.220 106.101 107.647 108.019 100.000 100.379 104.785 110.028 100.855 99.356 100.157 101.147 102.491 103.756 105.408 107.484 107.762 109.324 110.327 112.699 115.322 114.988 100.000 103.427 104.279 102.042 102.084 103.060 104.129 104.436 104.613 104.409 104.202 103.894 102.952 102.096 101.635 101.485 102.288 103.146 103.230 101.618 108.036 135.858 104.102 104.745 111.627 103.198 105.068 105.146 104.788 112.290 109.244 102.747 114.631 100.094 104.599 104.299 105.480 121.027 106.225 102.993 105.640 102.385 107.673 107.377 108.542 142.883 108.538 103.456 104.743 103.158 106.922 106.148 109.216 137.446 109.130 105.034 108.104 104.336 106.594 105.614 109.506 133.898 108.647 106.045 109.371 105.287 101.961 102.228 101.073 113.512 96.635 101.678 110.307 100.257 105.658 104.169 110.089 148.502 105.844 105.304 110.130 104.213 102.407 102.747 101.272 107.275 99.989 100.967 110.927 99.332 103.899 102.275 108.742 142.189 103.185 104.962 110.698 103.669 101.534 101.988 100.019 97.238 99.773 100.670 111.699 98.865 100.323 97.873 107.658 133.166 102.681 104.925 111.669 103.407 100.738 100.115 100.065 102.212 98.455 96.315 95.922 101.183 101.453 101.063 103.882 99.414 97.617 96.782 99.251 95.623 96.715 96.598 95.244 91.937 93.043 85.537 79.863 74.531 67.856 73.202 59.586 58.283 101.972 95.918 100.989 102.580 98.346 93.032 96.393 99.996 98.388 98.055 98.063 97.334 97.372 97.452 113.659 112.555 113.896 113.741 115.725 116.354 115.308 97.769 96.081 95.482 95.517 94.357 94.302 94.560 103.039 102.154 105.655 119.573 104.699 103.790 114.012 101.503 104.409 104.239 104.872 117.961 107.777 102.311 113.006 99.921 104.714 104.603 105.005 114.063 108.551 102.920 114.546 100.324 105.708 106.164 104.292 109.222 110.685 102.227 116.556 99.034 104.740 105.513 102.369 92.227 109.083 102.559 117.146 99.308 103.887 104.548 101.852 89.186 107.451 102.671 116.223 99.650 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 122 Government Current Receipts and Expenditures September 2013 Table 3.9.4. Price Indexes for Government Consumption Expenditures and Gross Investment [Index numbers, 2009=100] Seasonally adjusted Line Government consumption expenditures and gross investment............................ Consumption expenditures 1.................... Gross investment2................................... Structures............................................ Equipment........................................... Intellectual property products............... Software.......................................... Research and development.............. 2009 2011 2012 2010 2011 2012 2013 I II III IV I II III IV I II III IV I II 102.673 103.164 100.820 100.290 100.128 102.312 99.646 102.945 102.614 102.942 101.532 99.415 100.586 102.621 99.676 103.133 105.560 106.164 103.272 103.671 101.102 104.445 100.119 105.490 106.882 107.314 105.273 107.540 101.528 104.864 99.832 106.097 101.667 102.089 100.072 99.524 99.999 101.098 99.625 101.444 102.422 102.899 100.618 100.034 100.084 102.080 99.671 102.650 102.936 103.451 100.988 100.489 100.082 102.597 99.597 103.309 103.668 104.215 101.602 101.111 100.347 103.472 99.692 104.376 104.579 105.188 102.270 101.829 100.993 104.061 100.022 105.033 105.634 106.336 102.969 102.990 101.012 104.551 100.147 105.616 106.078 106.709 103.685 104.273 101.374 104.661 100.193 105.743 105.948 106.423 104.164 105.594 101.028 104.506 100.114 105.569 106.697 107.217 104.736 106.454 101.539 104.696 100.142 105.800 106.771 107.175 105.275 107.371 101.706 104.967 100.019 106.176 106.850 107.215 105.514 107.940 101.655 104.957 99.675 106.256 107.209 107.649 105.569 108.394 101.210 104.838 99.492 106.155 107.454 107.849 106.000 109.012 101.120 105.409 99.916 106.767 107.501 107.814 106.386 109.645 101.464 105.484 100.192 106.784 105.344 105.874 103.595 102.093 102.124 104.922 100.275 105.748 106.184 106.799 104.142 105.211 102.408 105.217 100.065 106.142 101.719 102.040 100.660 98.951 100.290 101.255 99.659 101.528 102.452 102.800 101.308 99.033 100.472 102.352 99.682 102.814 102.855 103.205 101.703 99.555 100.538 102.953 99.611 103.534 103.429 103.724 102.456 100.123 101.042 103.923 99.751 104.657 104.499 104.887 103.221 100.668 102.055 104.555 100.141 105.336 105.483 106.054 103.594 101.587 102.049 105.061 100.292 105.911 105.835 106.420 103.902 102.573 102.491 105.141 100.353 105.995 105.560 106.134 103.663 103.545 101.900 104.932 100.315 105.752 105.959 106.551 104.002 104.168 102.472 105.066 100.321 105.911 106.182 106.761 104.265 104.922 102.634 105.324 100.233 106.236 106.370 107.070 104.030 106.132 101.994 105.171 99.771 106.145 107.007 107.771 104.446 106.822 102.061 105.785 100.303 106.775 107.251 107.995 104.762 107.822 102.596 105.875 100.577 106.828 105.191 105.693 103.393 102.058 102.472 104.857 99.852 105.429 106.252 106.824 104.185 105.110 102.762 105.926 99.504 106.678 101.671 101.986 100.551 99.367 100.258 101.195 99.545 101.373 102.266 102.617 101.018 99.141 100.531 102.061 99.532 102.338 102.480 102.869 101.102 99.510 100.634 102.048 99.397 102.338 103.043 103.348 101.969 100.003 101.318 103.236 99.488 103.655 104.346 104.726 103.002 100.649 102.536 104.118 99.797 104.606 105.416 105.976 103.401 101.656 102.355 105.081 99.876 105.677 105.718 106.254 103.795 102.552 102.820 105.287 99.894 105.907 105.283 105.815 103.375 103.375 102.176 104.942 99.841 105.526 105.914 106.464 103.933 103.967 102.856 105.346 99.814 105.984 106.229 106.754 104.343 104.746 102.984 106.056 99.692 106.800 106.542 107.221 104.068 106.114 102.328 106.083 99.158 106.900 107.283 108.061 104.433 106.694 102.391 106.790 99.610 107.640 107.524 108.252 104.864 107.960 102.954 106.982 99.892 107.820 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.365 102.705 101.160 99.505 100.685 102.135 99.491 102.426 103.064 103.392 102.111 99.312 100.110 103.049 99.760 103.828 106.224 106.814 104.270 105.623 102.532 105.307 99.934 106.275 106.322 106.857 104.396 105.612 102.882 106.219 99.354 107.027 105.624 106.215 103.924 102.105 100.491 104.995 100.468 106.078 106.077 106.755 104.128 105.269 100.744 104.650 100.320 105.683 101.811 102.147 100.839 98.474 100.436 101.314 99.711 101.689 102.792 103.146 101.764 98.911 100.190 102.614 99.750 103.289 103.530 103.840 102.629 99.607 100.080 103.743 99.709 104.699 104.123 104.434 103.211 100.255 99.733 104.526 99.871 105.635 104.779 105.191 103.580 100.690 99.810 104.943 100.297 106.053 105.608 106.197 103.912 101.520 100.607 105.063 100.482 106.160 106.049 106.731 104.094 102.566 100.946 105.036 100.563 106.107 106.061 106.740 104.112 103.642 100.600 104.939 100.531 105.994 106.051 106.716 104.143 104.283 100.686 104.850 100.552 105.875 106.112 106.777 104.203 105.020 100.990 104.736 100.480 105.749 106.065 106.734 104.141 105.629 100.886 104.575 100.198 105.619 106.081 106.795 104.023 106.142 100.413 104.440 100.050 105.488 106.549 107.257 104.507 106.898 100.499 104.978 100.617 106.017 106.799 107.538 104.667 107.745 100.910 104.986 100.888 105.953 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 102.714 103.306 100.242 100.385 99.005 100.688 99.593 101.488 105.710 106.352 103.029 103.849 98.547 101.951 99.824 103.506 107.371 107.652 106.294 107.793 99.326 102.994 99.393 105.685 101.629 102.116 99.603 99.584 99.304 100.270 99.565 100.789 102.399 102.960 100.061 100.144 99.144 100.646 99.651 101.373 102.991 103.611 100.407 100.593 98.968 100.727 99.573 101.569 103.836 104.538 100.898 101.220 98.602 101.109 99.582 102.219 104.633 105.384 101.481 101.958 98.327 101.482 99.797 102.709 105.740 106.518 102.462 103.148 98.417 101.891 99.873 103.362 106.248 106.896 103.535 104.466 98.586 102.154 99.892 103.808 106.220 106.611 104.638 105.822 98.859 102.278 99.735 104.144 107.214 107.656 105.412 106.704 99.211 102.742 99.804 104.911 107.183 107.446 106.189 107.635 99.387 103.074 99.614 105.651 107.288 107.477 106.631 108.192 99.462 103.099 99.187 106.035 107.798 108.029 106.945 108.642 99.247 103.061 98.967 106.145 107.775 107.907 107.388 109.254 98.776 103.426 99.195 106.624 107.688 107.708 107.835 109.860 98.656 103.425 99.475 106.388 1 2 3 4 5 6 7 8 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 National defense............................................ Consumption expenditures........................... Gross investment.......................................... Structures................................................ Equipment............................................... Intellectual property products................... Software............................................... Research and development.................. 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 100.000 100.000 100.000 100.000 100.000 100.000 100.000 100.000 Nondefense.................................................... Consumption expenditures........................... Gross investment.......................................... Structures................................................ Equipment............................................... Intellectual property products................... Software............................................... Research and development.................. 25 26 27 28 29 30 31 32 State and local................................................... Consumption expenditures............................... Gross investment............................................. Structures.................................................... Equipment................................................... Intellectual property products....................... Software.................................................. Research and development...................... 33 34 35 36 37 38 39 40 Federal................................................................ Consumption expenditures........................... Gross investment......................................... Structures................................................ Equipment............................................... Intellectual property products................... Software.............................................. Research and development.................. 2010 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. September 2013 123 S u r v e y o f C u r r e n t B u sin ess Table 3.9.5. Government Consumption Expenditures and Gross Investment [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Government consumption expenditures and gross investment........................... Consumption expenditures 1.................... Gross investment2.................................. Structures............................................ Equipment........................................... Intellectual property products............... Software.......................................... Research and development............. Federal................................................................ Consumption expenditures........................... Gross investment......................................... Structures................................................ Equipment............................................... Intellectual property products................... Software.............................................. Research and development................. 2012 2011 III IV I II III IV I II 2013 III IV I II 1 3,089.1 3,174.0 3,158.7 3,167.0 3,135.7 3,181.5 3,194.7 3,184.2 3,150.0 3,171.7 3,164.6 3,148.5 3,159.7 3,164.1 3,193.5 3,150.7 3,124.1 3,118.0 2 2,442.1 2,522.2 2,526.1 2,548.0 2,500.3 2,526.1 2,534.2 2,528.2 2,516.1 2,538.5 2,533.1 2,516.7 2,542.3 2,538.8 2,572.9 2,538.1 2,525.3 2,518.1 612.5 598.8 599.9 3 635.4 656.0 631.6 631.8 625.3 620.6 647.0 651.8 632.6 619.0 655.3 660.5 633.9 633.2 617.3 281.0 269.2 4 302.7 310.6 300.2 293.4 294.2 287.7 289.3 283.4 272.8 318.9 313.2 295.8 285.3 318.3 321.0 295.4 142.7 148.4 150.7 154.6 142.9 147.5 148.0 148.8 150.0 145.5 138.3 5 148.3 151.2 146.3 146.7 151.1 147.0 142.5 190.7 189.5 187.2 187.2 187.2 186.1 187.6 188.0 6 187.4 190.5 184.3 185.9 190.8 190.9 179.8 186.9 188.8 190.8 38.2 38.8 39.5 7 34.1 37.2 35.3 35.7 36.2 37.3 38.0 38.2 39.3 35.5 38.3 35.0 36.6 37.0 37.8 149.4 148.9 147.3 148.2 148.7 8 153.2 148.7 149.0 151.0 154.6 154.3 153.3 151.5 149.0 145.8 151.9 153.1 153.8 9 1,217.7 1,303.9 1,304.1 1,295.7 1,269.2 1,304.6 1,321.6 1,320.1 1,297.4 1,315.4 1,308.5 1,294.9 1,291.8 1,293.8 1,322.1 1,275.2 1,255.0 1,252.7 993.9 982.3 975.9 10 933.7 1,003.9 1,008.7 1,011.7 979.1 1,005.1 1,018.8 1,012.7 1,001.1 1,017.4 1,013.4 1,002.7 1,009.3 1,007.4 1,036.1 281.4 11 307.4 282.4 286.4 272.7 276.8 296.3 286.0 284.0 300.0 295.4 284.0 290.1 299.5 302.9 297.9 295.1 292.2 22.6 18.6 18.3 12 29.1 22.7 30.3 33.7 33.7 32.8 29.1 22.8 20.9 32.6 30.0 33.3 31.8 25.8 24.3 103.7 109.4 105.5 105.6 104.8 109.2 110.0 113.8 102.3 105.8 106.1 107.8 101.9 107.5 109.1 104.0 98.5 102.6 13 154.7 155.7 14 155.0 159.2 160.8 160.7 160.0 158.6 156.2 156.1 156.1 155.9 151.1 157.9 159.9 155.8 156.6 160.3 25.2 24.4 23.0 24.1 24.5 24.9 24.7 24.9 24.8 25.5 25.3 15 21.8 23.3 24.9 22.8 23.5 23.8 24.3 129.5 130.2 130.6 135.4 132.0 133.7 137.0 135.5 133.7 131.1 131.2 16 129.3 134.6 130.9 135.6 136.5 136.0 131.6 National defense............................................ Consumption expenditures.......................... Gross investment.... Structures........... Equipment.......... Intellectual property products................... Software.............................................. Research and development................. 17 18 19 20 21 22 23 24 788.3 613.3 175.0 17.1 86.0 71.8 6.8 65.0 Nondefense............... Consumption expenditures........................... Gross investment.... Structures........... Equipment......... Intellectual property products................... Software......... Research and development................. 25 26 27 28 29 30 31 32 429.4 320.4 109.0 12.0 17.7 79.3 15.0 64.3 State and local................................................... Consumption expenditures............................... Gross investment............................................. Structures.................................................... Equipment................................................... Intellectual property products....................... Software.................................................. Research and development...................... II 832.8 653.2 179.6 16.7 90.3 72.6 7.3 65.3 471.1 350.7 120.4 16.0 19.1 85.3 16.0 69.3 835.8 662.8 173.0 13.4 87.0 72.7 7.6 65.0 817.1 652.0 165.1 8.4 86.2 70.5 7.7 62.9 468.2 345.8 122.4 16.7 18.5 87.2 16.8 70.4 478.6 359.7 118.9 14.2 19.5 85.3 17.2 68.0 811.9 637.8 174.2 16.0 85.9 72.3 7.2 65.1 457.3 341.3 115.9 14.3 18.9 82.7 15.8 66.9 829.3 650.2 179.1 16.7 90.0 72.4 7.2 65.2 846.3 665.6 180.7 17.2 90.7 72.8 7.4 65.4 843.5 659.2 184.2 16.7 94.6 73.0 7.5 65.5 822.0 650.0 172.0 15.4 83.6 73.0 7.6 65.5 475.2 354.9 120.4 17.0 19.2 84.2 15.7 68.5 475.3 353.2 122.2 16.4 19.3 86.4 16.2 70.2 476.6 353.4 123.2 16.1 19.2 87.9 16.4 71.5 475.4 351.1 124.3 18.0 18.7 87.6 16.6 71.1 844.2 669.4 174.8 14.4 87.5 72.9 7.6 65.3 471.2 348.0 123.2 17.4 18.4 87.4 16.7 70.8 851.6 678.7 173.0 12.7 87.7 72.6 7.6 64.9 825.6 653.3 172.3 10.9 89.1 72.2 7.7 64.5 816.3 652.9 163.4 9.5 82.7 71.2 7.6 63.5 816.7 649.6 167.1 8.4 88.1 70.6 7.7 62.9 841.9 675.0 166.9 7.2 89.5 70.2 7.6 62.6 793.7 630.6 163.1 8.7 84.4 70.0 7.7 62.3 775.8 619.7 156.1 6.7 79.1 70.3 7.8 62.5 776.3 615.7 160.6 6.8 83.4 70.5 7.7 62.7 456.9 334.7 122.2 16.4 18.3 87.4 16.8 70.5 469.3 349.4 119.9 14.9 18.6 86.4 17.2 69.2 475.5 356.4 119.0 14.8 19.2 85.1 17.0 68.0 477.1 357.9 119.3 14.4 19.4 85.5 17.3 68.2 480.2 361.1 119.2 13.7 19.6 85.8 17.2 68.6 481.5 363.3 118.2 13.9 19.7 84.7 17.5 67.2 479.2 362.6 116.6 11.8 19.4 85.4 17.7 67.7 476.4 360.2 116.2 11.5 19.2 85.5 17.6 67.9 33 1,871.4 1,870.2 1,854.7 1,871.3 1,866.5 1,876.9 1,873.1 1,864.2 1,852.6 1,856.3 1,856.1 1,853.6 1,867.9 1,870.3 1,871.4 1,875.4 1,869.1 1,865.3 34 1,508.4 1,518.3 1,517.4 1,536.4 1,521.2 1,521.0 1,515.4 1,515.6 1,515.0 1,521.1 1,519.7 1,514.0 1,533.0 1,531.3 1,536.8 1,544.3 1,543.0 1,542.2 331.2 337.2 345.3 337.7 336.4 334.9 339.0 334.6 326.1 323.1 35 363.0 351.9 334.9 355.8 357.6 348.6 335.2 339.6 36 272.4 264.3 263.4 266.5 262.5 258.3 254.3 250.9 289.8 280.5 265.8 262.7 284.6 287.3 277.8 266.8 263.6 268.3 41.4 37 41.4 41.3 39.8 40.1 40.9 41.1 43.6 41.9 40.7 40.9 40.6 41.2 40.3 40.5 40.9 44.5 41.8 31.4 30.7 31.1 32.0 32.1 38 28.7 30.6 31.2 29.3 29.3 29.9 30.2 31.0 31.0 31.2 29.5 29.6 30.5 13.6 14.0 39 12.2 12.3 12.1 12.3 12.7 12.9 13.3 13.4 14.0 12.2 12.8 13.4 12.2 12.5 13.1 13.1 17.9 17.8 17.8 18.0 18.1 40 16.5 17.8 17.8 17.0 17.2 17.6 17.7 17.8 17.9 17.8 17.8 17.3 17.5 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. 124 Government Current Receipts and Expenditures September 2013 Table 3.9.6. Real Government Consumption Expenditures and Gross Investment, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Government consumption expenditures and gross investment............................ Consumption expenditures 1.................... Gross investment2................................... Structures............................................. Equipment........................................... Intellectual property products............... Software.......................................... Research and development.............. II 2011 III IV I II 2012 III IV I II 2013 III IV I II National defense............................................ Consumption expenditures........................... Gross investment Structures...... Equipment................................................ Intellectual property products................... Software.... Research and development.................. 1 3,089.1 3,091.4 2,992.3 2,963.1 3,084.3 3,106.2 3,103.5 3,071.5 3,012.0 3,002.4 2,983.2 2,971.7 2,961.3 2,963.5 2,988.8 2,938.8 2,907.4 2,900.5 2 2,442.1 2,444.9 2,379.4 2,374.4 2,449.1 2,454.9 2,449.5 2,425.9 2,391.9 2,387.2 2,373.8 2,364.8 2,371.2 2,368.8 2,399.7 2,357.8 2,341.5 2,335.6 3 654.1 645.7 614.9 647.0 646.5 612.6 588.0 635.0 651.3 619.8 609.1 606.5 589.4 594.0 588.2 580.2 564.9 563.9 4 294.7 318.9 312.3 285.3 265.3 304.2 318.2 319.4 307.2 286.7 281.3 270.2 269.4 278.5 262.5 259.2 250.3 245.5 148.4 5 148.3 151.0 144.8 144.5 151.0 150.6 154.1 141.5 145.5 145.5 146.5 140.4 146.4 147.6 143.8 136.8 140.7 6 179.8 183.2 182.4 178.3 182.1 184.4 183.4 182.2 181.4 182.3 184.0 182.5 178.8 178.3 178.4 178.2 177.5 178.0 7 34.1 35.7 35.4 37.2 38.3 35.1 35.9 36.3 36.6 36.9 37.7 38.2 37.3 38.0 38.3 39.0 39.5 39.2 8 145.8 147.6 145.3 140.1 146.9 147.1 148.2 148.1 146.9 145.6 145.0 141.2 143.5 140.3 140.2 138.7 138.8 139.3 9 1,217.7 1,270.7 1,237.9 1,220.3 1,247.8 1,273.4 1,285.0 1,276.4 1,241.6 1,247.0 1,236.4 1,226.7 1,219.1 1,218.5 1,244.6 1,198.9 1,172.8 1,168.0 10 933.7 975.2 952.7 987.2 959.4 947.3 959.6 977.8 976.3 954.5 952.3 944.8 947.3 943.6 970.0 928.2 911.5 903.7 11 284.0 295.4 285.1 272.8 288.2 295.6 297.8 300.1 287.0 287.6 284.0 274.7 281.9 271.6 274.3 270.5 261.1 264.2 12 29.4 29.1 32.8 21.5 30.6 34.0 33.9 32.8 33.1 31.3 28.3 24.9 23.3 21.7 17.4 19.8 21.3 17.0 13 103.7 108.8 103.3 103.2 104.5 108.7 109.4 112.6 100.2 103.7 103.5 105.8 104.7 106.4 99.5 102.0 96.5 100.0 14 151.1 153.9 152.4 148.0 153.1 153.0 154.6 154.8 153.7 152.1 148.7 152.6 151.1 148.2 148.2 147.1 147.1 147.3 23.4 24.4 24.9 24.1 15 21.8 23.1 22.9 23.6 23.9 24.2 24.4 24.9 24.8 24.6 24.8 25.3 25.4 25.2 16 129.3 130.5 128.1 123.3 130.0 130.1 131.0 130.9 129.6 128.4 127.8 126.4 124.2 123.4 123.5 122.0 121.9 122.3 17 770.7 788.3 813.5 794.6 769.1 798.6 811.0 825.9 818.6 787.8 800.8 805.6 784.2 768.8 791.8 745.0 723.1 722.0 18 613.3 636.0 627.1 610.4 633.7 647.1 620.7 631.7 638.7 617.4 608.4 625.3 637.9 613.2 631.7 588.1 573.4 568.7 19 175.0 177.5 167.3 158.5 173.2 177.3 178.8 180.7 167.0 169.0 166.6 166.7 157.2 160.2 159.8 153.2 156.8 149.5 20 17.1 16.7 13.1 8.0 16.1 16.9 17.3 16.7 15.2 14.2 12.3 10.6 9.1 8.0 6.8 8.2 6.3 6.3 21 89.7 84.9 85.7 93.4 86.0 83.9 89.5 90.1 81.5 85.5 85.3 87.2 80.4 85.6 87.0 82.5 77.2 81.0 71.1 22 71.8 69.3 66.6 71.4 71.0 71.3 70.7 70.1 69.3 68.9 68.8 67.5 66.6 66.1 66.0 65.8 65.9 7.7 7.4 23 6.8 7.3 7.6 7.2 7.2 7.5 7.6 7.6 7.6 7.7 7.7 7.7 7.6 7.8 7.8 7.7 24 61.7 64.2 65.0 63.8 58.9 63.7 63.9 63.2 62.6 61.8 61.3 61.1 60.0 58.9 58.5 58.3 58.1 58.2 Nondefense.......... Consumption expenditures........................... Gross investment Structures...... Equipment..... Intellectual property products................... Software............................................... Research and development.................. 25 26 27 28 29 30 31 32 Federal................................................................ Consumption expenditures........................... Gross investment......................................... Structures................................................ Equipment............................................... Intellectual property products................... Software.............................................. Research and development.................. State and local................................................... Consumption expenditures............................... Gross investment............................................. Structures.................................................... Equipment................................................... Intellectual property products....................... Software.................................................. Research and development...................... Residual............................................................... 429.4 320.4 109.0 12.0 17.7 79.3 15.0 64.3 457.1 339.2 117.9 16.1 19.1 82.8 16.0 66.7 443.3 325.6 117.8 16.3 18.4 83.1 16.7 66.3 451.2 336.9 114.2 13.5 19.3 81.5 17.2 64.4 449.2 334.2 115.0 14.5 18.8 81.7 15.8 65.8 462.4 344.1 118.3 17.2 19.2 82.0 15.7 66.3 459.1 340.1 119.0 16.5 19.3 83.3 16.2 67.1 457.7 338.4 119.4 16.1 19.2 84.1 16.4 67.7 453.7 333.8 120.0 17.8 18.7 83.5 16.5 67.0 446.2 327.7 118.5 17.1 18.3 83.2 16.6 66.7 430.8 313.6 117.3 16.0 18.2 83.2 16.7 66.5 442.5 327.3 115.2 14.4 18.5 82.3 17.1 65.3 448.3 334.0 114.3 14.2 19.1 81.1 16.9 64.2 449.7 335.2 114.5 13.7 19.2 81.6 17.2 64.5 452.8 338.3 114.4 13.0 19.5 82.1 17.2 65.0 453.9 340.2 113.7 13.1 19.6 81.1 17.5 63.7 449.8 338.1 111.6 11.1 19.3 81.3 17.6 63.8 446.1 335.0 111.0 10.7 19.0 81.4 17.4 64.1 33 1,871.4 1,820.8 1,754.5 1,742.8 1,836.5 1,832.8 1,818.5 1,795.2 1,770.5 1,755.5 1,746.9 1,745.0 1,742.2 1,745.0 1,744.3 1,739.8 1,734.3 1,732.1 34 1,508.4 1,469.7 1,426.8 1,427.1 1,489.6 1,477.2 1,462.4 1,449.6 1,437.5 1,428.0 1,421.6 1,420.1 1,424.0 1,425.2 1,429.9 1,429.5 1,429.9 1,431.8 35 363.0 351.0 327.3 346.7 356.2 332.7 327.1 317.7 315.1 355.6 345.5 324.9 324.5 319.2 313.8 309.6 303.7 299.6 36 289.8 279.5 243.7 284.2 261.7 255.9 273.6 285.6 274.5 255.5 253.0 253.5 246.9 247.6 242.6 237.7 232.7 228.4 37 42.2 44.5 41.5 41.3 43.9 42.3 41.2 41.4 41.3 41.8 42.0 40.7 40.8 41.6 41.2 41.8 40.3 40.7 28.7 29.4 38 29.3 30.0 30.3 29.2 29.2 29.6 29.8 29.9 30.1 30.3 30.2 30.2 30.1 30.5 30.9 31.0 39 12.2 12.3 12.8 13.5 12.3 12.1 12.2 12.4 12.5 12.7 13.2 13.4 14.1 12.9 13.1 13.5 13.8 14.1 17.1 17.2 17.2 17.2 40 16.5 16.8 16.8 17.0 17.3 17.2 17.2 17.1 17.0 16.8 16.7 16.8 16.9 17.0 41 0.4 0.1 0.0 0.5 0.5 -0.1 -0.1 -0.1 0.3 0.0 0.3 0.6 0.7 0.4 0.5 0.1 0.3 0.8 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Gross government investment consists of general government and government enterprise expenditures for fixed assets; inventory investment is included in government consumption expenditures. Note. Chained (2009) dollar series are calculated as the product of the chain-type quantity index and the 2009 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 2013 125 S u r v e y o f C u r r e n t B u sin ess Table 3.10.1. Percent Change From Preceding Period in Real Government Consumption Expenditures and General Government Gross Output [Percent] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Government consumption expenditures 1............................ Gross output of general government.............................. Value added............................. Compensation of general government employees.... Consumption of general government fixed capital2 Intermediate goods and services purchased 3........... Durable goods...................... Nondurable goods................ Services.............................. Less: Own-account investment4... Less: Sales to other sectors 5...... II 2012 2011 III IV I II III IV I II 2013 III IV I II 1 3.7 0.1 -2.7 -0.2 -2.2 0.9 -0.9 -3.8 -5.5 -0.8 -2.2 -1.5 1.1 -0.4 5.3 -6.8 -2.7 -1.0 2 3 3.3 1.9 0.3 0.6 -1.9 -0.4 -0.2 0.0 -1.7 0.5 1.2 1.8 -0.4 -1.5 -3.3 -0.4 -4.4 -0.2 -0.1 -0.5 0.2 -0.7 -2.7 0.2 0.7 0.3 0.0 -0.3 4.2 0.6 -5.8 -0.4 -1.9 -0.3 -0.7 -0.1 -0.4 4 1.5 0.1 -1.0 -0.4 -0.2 1.5 -2.6 -1.0 -0.8 -1.1 -1.3 -0.2 0.0 -0.7 0.5 -0.9 -0.7 5 3.2 2.5 2.0 1.4 3.4 3.0 2.6 2.2 1.9 1.8 1.6 1.5 1.4 1.3 1.2 1.1 1.0 1.0 6 7 8 9 10 11 6.3 5.5 6.2 6.4 0.7 1.2 -0.2 0.7 -3.4 1.1 -2.3 2.4 -4.7 -4.6 -3.6 -5.2 -1.4 3.1 -0.5 -1.1 0.4 -0.9 -3.0 0.5 -5.9 -19.9 -8.5 -3.1 -4.8 1.8 0.1 12.7 -3.6 0.4 -0.2 3.3 2.0 10.8 -5.8 4.4 1.0 2.7 -8.7 10.6 -5.2 -12.1 -4.5 0.1 -12.0 -38.9 -4.2 -11.7 -1.7 2.1 0.7 13.1 -4.5 1.9 -0.7 4.2 1.9 6.7 1.1 1.8 -0.6 15.9 -8.2 9.7 2.3 -14.5 -0.2 -10.0 1.6 -21.6 0.2 5.3 -7.8 0.2 0.5 4.1 -0.4 0.5 -1.6 2.3 11.6 10.8 0.1 17.4 -2.5 -0.8 -15.5 -6.1 2.3 -23.7 -4.2 -0.2 -4.8 -22.0 -0.6 -4.8 -1.1 3.1 -1.8 7.7 -5.4 -1.0 -1.0 1.2 Federal consumption expenditures 1....... Gross output of general government Value added................................ Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3............................. Durable goods......................... Nondurable goods................... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............ 12 13 14 6.5 6.3 5.1 4.4 4.3 3.4 -2.3 -2.0 1.0 -0.6 -1.1 -0.1 4.5 4.3 4.5 7.8 7.8 6.6 3.9 4.0 -1.3 -4.3 -5.1 0.8 -8.6 -8.6 1.7 2.0 2.5 0.6 -2.9 2.1 0.0 -3.1 -7.7 0.9 1.1 0.2 -0.1 -1.5 -1.2 -0.8 11.6 10.3 -0.6 -16.1 -15.8 -0.6 -7.0 -6.3 -1.2 -3.4 -3.6 -1.5 15 6.0 3.7 0.2 -1.0 4.6 8.3 -3.8 -0.2 1.4 -0.2 -1.1 0.5 -1.0 -2.0 -1.7 -1.7 -2.6 -3.0 16 3.7 3.0 2.4 1.5 4.2 3.7 3.2 2.7 2.2 2.0 1.8 1.6 1.5 1.3 1.3 1.1 1.0 0.9 17 18 19 20 21 22 8.3 6.3 9.3 8.5 1.2 7.8 5.8 3.1 0.6 7.3 -0.3 10.0 -6.7 -5.3 -4.0 -7.5 0.5 16.0 -2.8 -1.8 -2.4 -3.1 -5.3 -30.2 4.1 -24.8 11.8 8.5 -1.7 8.4 9.7 21.9 8.4 8.2 -5.3 61.5 12.8 19.5 -7.1 15.8 1.6 19.7 -13.7 17.9 -6.6 -19.5 -0.8 -63.0 -23.2 -50.8 -4.6 -20.6 4.5 -40.7 5.8 21.6 -12.8 7.6 0.7 83.2 5.5 10.7 8.0 4.2 -1.7 2,805.5 -20.5 14.6 6.8 -30.0 -3.2 -96.0 -1.9 4.1 -9.5 -1.2 -5.7 65.2 31.0 17.0 -4.3 42.2 -2.7 -53.6 -36.4 -8.0 10.6 -46.9 -4.5 -17.4 -15.0 -31.4 -8.5 -13.1 -0.7 75.7 -7.5 11.8 -30.6 -4.6 -0.8 -33.9 Defense consumption expenditures Gross output of general government Value added................................ Compensation of general government employees....... Consumption of general government fixed capital2.... Intermediate goods and services purchased 3............................. Durable goods........................ Nondurable goods................... Services................................. Less: Own-account investment4..... Less: Sales to other sectors............ 23 24 25 6.3 6.1 5.5 3.7 3.5 3.2 -1.4 -1.3 1.4 -2.7 -2.7 -0.9 -1.0 -1.1 2.9 5.4 5.0 2.3 8.7 8.5 2.0 -5.5 -5.2 1.9 -10.4 -9.8 1.1 7.3 7.1 1.1 4.6 4.4 1.0 -12.7 -12.3 1.3 0.6 -30.2 -7.6 9.4 -11.0 -38.5 -2.7 -3.0 -3.1 -3.1 -3.2 -1.5 16.2 15.4 -0.8 -24.9 -24.2 -1.8 -9.6 -9.3 -2.0 -3.2 -3.2 -1.1 26 6.5 3.2 1.0 -1.9 1.9 1.4 1.2 1.5 0.6 0.8 0.8 1.4 -5.5 -2.9 -1.7 -3.2 -3.5 -1.9 27 4.0 3.1 2.1 0.9 4.5 3.8 3.2 2.5 1.9 1.6 1.3 1.0 0.8 0.6 0.6 0.4 0.2 0.2 28 29 30 31 32 33 6.9 6.1 4.6 7.4 -0.3 -1.7 4.0 2.5 -3.6 5.4 0.0 -6.1 -5.0 -5.3 3.1 -6.1 2.0 5.3 -5.5 -2.3 -7.1 -6.0 -5.2 -1.9 -6.5 -27.9 3.1 -2.1 -0.5 -11.9 9.0 22.6 1.6 7.2 -5.4 -4.5 18.4 20.9 -18.1 23.4 2.3 5.0 -14.2 20.0 3.9 -22.6 3.2 12.8 -23.7 -53.1 15.4 -19.7 5.3 4.9 16.5 24.9 -7.9 19.2 1.9 4.7 9.5 11.8 19.7 7.4 -0.5 4.7 -29.1 15.5 7.3 -41.1 -1.9 -0.8 -2.8 -32.7 -17.7 9.4 -11.5 -8.1 -5.7 3.9 -24.2 -4.3 -6.6 -0.5 44.5 17.9 -9.8 62.2 -3.5 -1.2 -49.1 -8.9 14.9 -61.1 -4.2 -4.5 -20.5 -33.5 -22.7 -16.4 0.1 -5.5 -7.0 13.7 -43.7 -3.9 -0.5 -17.0 34 35 36 6.9 6.8 4.5 5.9 5.8 3.8 -4.0 -3.4 0.3 3.5 2.0 1.2 15.9 15.1 7.1 12.3 12.9 13.8 -4.5 -3.7 -6.2 -2.0 -5.0 -0.8 -5.4 -6.2 2.7 -7.1 -5.4 -0.2 -16.1 -2.2 -1.5 18.7 1.7 0.4 8.4 6.2 5.0 1.4 2.5 0.5 3.8 1.5 -0.2 2.2 1.5 1.2 -2.4 -1.0 0.1 -3.6 -4.2 -2.2 37 5.4 4.3 -1.1 0.5 9.0 19.7 -11.0 -2.8 2.6 -1.8 -3.8 -0.9 6.3 -0.6 -1.7 0.5 -1.2 -4.8 38 3.0 2.8 2.9 2.6 3.8 3.6 3.3 3.0 2.7 2.7 2.7 2.7 2.6 2.5 2.4 2.4 2.3 2.2 -8.3 -6.2 Nondefense consumption expenditures 1............................... Gross output of general government Value added................................ Compensation of general government employees....... Consumption of general government fixed capital2.... Intermediate goods and services purchased 3............................. Durable goods......................... Nondurable goods................... Commodity Credit Corporation inventory change............................ Other nondurable goods..... Services................................. Less: Own-account investment4..... Less: Sales to other sectors............ State and local consumption expenditures 1...................................... Gross output of general government Value added................................ Compensation of general government employees....... Consumption of general government fixed capital2.... Intermediate goods and services purchased 3............................. Durable goods......................... Nondurable goods................... Services.................................. Less: Own-account investment4..... Less: Sales to other sectors............ Tuition and related educational charges................................... Health and hospital charges........ Other sales 5............................... 11.9 7.9 10.1 10.6 -10.7 -5.4 3.5 4.3 32.5 28.5 11.4 13.4 1.5 4.2 -12.6 -5.9 -22.1 -13.6 -15.7 -10.5 -3.7 -2.0 4.7 3.8 8.9 9.8 6.8 6.3 5.3 6.4 2.3 3.5 -3.2 -4.6 42 43 44 45 46 13.4 11.2 3.2 15.1 5.6 11.9 -0.6 20.7 -11.7 -10.7 -1.4 21.5 3.3 3.5 -5.3 -42.3 29.1 37.2 -3.1 22.0 12.3 10.2 -5.0 111.3 1.2 0.5 0.7 27.2 -15.4 -12.1 -5.6 -79.7 -22.2 -22.6 3.4 -60.9 -18.8 -15.2 -0.9 179.9 -2.9 -3.2 -3.1 10,013.5 6.0 4.3 -4.8 -98.7 4.7 9.5 -10.3 -53.2 14.7 5.7 -4.4 129.4 -1.4 6.3 -1.6 -72.6 4.7 1.1 -5.0 -26.9 10.3 -6.8 -1.7 180.4 -15.7 -6.0 -1.1 -43.6 47 48 49 2.1 1.9 0.4 -2.6 -1.7 -0.7 -2.9 -1.8 -1.0 0.0 0.3 0.0 -6.2 -4.8 -1.3 -3.3 -2.1 -0.4 -3.9 -2.7 -1.7 -3.5 -2.3 -1.0 -3.3 -2.0 -1.2 -2.6 -1.5 -1.1 -1.8 -0.8 -1.0 -0.4 0.0 -0.2 1.1 1.0 0.5 0.4 0.6 -0.1 1.3 1.2 1.2 -0.1 -0.1 -0.3 0.1 0.5 0.1 0.5 0.9 0.6 50 0.1 -1.0 -1.4 -0.2 -1.8 -0.7 -2.2 -1.3 -1.5 -1.4 -1.3 -0.4 0.4 -0.3 1.3 -0.6 -0.1 0.5 51 2.4 1.9 1.5 1.3 2.2 1.9 1.8 1.6 1.4 1.4 1.4 1.3 1.3 1.3 1.2 1.2 1.1 1.1 52 53 54 55 56 57 5.1 3.9 5.5 4.9 0.1 1.1 -3.8 -3.8 -4.4 -3.5 -4.3 2.2 -3.4 -3.2 -3.5 -3.4 -3.3 2.8 0.9 0.2 1.1 0.9 -0.7 1.4 -11.7 -9.4 -12.8 -11.2 -7.8 1.6 -5.7 -3.5 -6.3 -5.5 5.1 2.0 -4.8 -5.5 -5.4 -4.3 0.4 2.2 -5.1 -4.2 -4.9 -5.3 -8.2 2.9 -3.9 -3.7 -4.1 -3.8 -7.8 3.4 -2.4 -2.1 -2.3 -2.5 -2.1 2.9 -0.4 -1.2 -0.6 -0.2 0.6 2.6 0.5 -0.2 1.2 0.1 3.0 1.4 2.2 -0.2 2.2 2.3 -4.5 1.4 2.0 4.3 2.0 1.8 2.6 1.2 1.0 -0.6 1.2 0.9 -2.3 0.9 0.3 -2.2 0.4 0.4 -3.8 0.1 1.3 0.3 1.4 1.4 -1.6 2.0 1.4 0.2 1.4 1.5 -1.1 2.1 58 59 60 1.2 3.0 -1.4 2.3 2.2 2.1 3.1 3.2 1.9 2.0 1.7 0.6 5.7 2.7 -2.4 1.7 2.4 1.7 3.0 2.5 1.2 4.5 3.0 1.6 2.9 4.5 2.3 3.5 2.8 2.6 1.7 3.2 2.4 2.5 2.0 -0.2 2.3 1.9 -0.1 1.8 0.9 1.2 1.5 0.7 0.6 -0.1 1.0 -0.9 1.6 1.6 2.8 2.0 2.0 2.4 39 40 41 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. 126 Government Current Receipts and Expenditures September 2013 Table 3.10.3. Real Government Consumption Expenditures and General Government Gross Output, Quantity Indexes [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Government consumption expenditures 1........................... Gross output of general government............................. Value added............................ Compensation of general government employees.... Consumption of general government fixed capital2 Intermediate goods and services purchased 3........... Durable goods...................... Nondurable goods................ Services.............................. Less: Own-account investment4 Less: Sales to other sectors5...... Federal consumption expenditures 1....... Gross output of general government Value added................................ Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Services................................... Less: Own-account investment4...... Less: Sales to other sectors............. Defense consumption expenditures 1 Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............. Nondefense consumption expenditures 1............................... Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... 1 100.000 100.115 97.436 II 2012 2011 III 97.228 100.289 100.526 100.307 2013 IV I II III IV I II III IV I II 99.338 97.948 97.754 97.205 96.836 97.096 97.000 98.266 96.549 95.882 95.640 2 100.000 100.349 98.468 98.289 100.374 100.681 100.590 99.749 98.636 98.609 98.655 97.973 98.154 98.144 99.168 97.689 97.230 97.066 3 100.000 100.622 100.241 100.233 100.502 100.954 100.563 100.467 100.408 100.282 100.113 100.160 100.239 100.161 100.321 100.209 100.124 100.095 4 100.000 100.133 99.135 98.748 100.244 100.621 99.965 99.703 99.508 99.235 98.918 98.876 98.882 98.698 98.815 98.599 98.422 98.317 b 100.000 102.544 104.618 106.103 101.509 102.259 102.921 103.487 103.966 104.424 104.843 105.239 105.608 105.950 106.276 106.577 106.852 107.118 100.000 99.822 95.099 94.600 100.126 100.151 100.642 98.369 95.263 95.424 100.000 100.735 96.077 94.979 96.589 99.530 102.113 104.706 92.567 95.456 100.000 96.571 93.120 93.496 98.283 97.388 95.948 94.666 93.665 92.598 100.000 101.087 95.782 94.932 101.286 101.378 102.467 99.218 96.171 96.614 100.000 97.665 96.302 93.382 97.868 97.816 98.052 96.926 96.504 96.341 100.000 102.360 105.540 106.044 101.396 102.218 102.895 102.932 103.477 104.547 12 100.000 104.446 102.036 101.453 102.770 104.720 105.728 104.565 102.228 102.747 13 100.000 104.333 102.219 101.095 102.706 104.649 105.677 104.298 101.988 102.623 14 100.000 103.418 104.444 104.379 102.296 103.940 103.609 103.824 104.259 104.422 6 7 8 9 10 11 95.871 93.837 94.204 94.318 96.940 92.939 91.794 91.381 97.009 99.275 93.419 94.367 96.825 95.305 89.568 91.239 92.847 93.371 93.415 93.330 93.352 93.888 93.744 92.455 97.037 93.305 94.516 94.634 98.506 92.072 90.951 90.725 96.205 96.158 94.215 93.827 93.241 92.247 91.985 91.764 108.479 105.658 105.716 106.322 106.100 106.039 106.856 107.182 101.988 101.183 101.453 101.063 103.882 99.414 97.617 96.782 103.149 101.117 101.160 100.859 103.352 99.009 97.410 96.515 104.424 104.669 104.647 104.448 104.295 104.126 103.807 103.409 1b 100.000 103.650 103.824 102.776 102.624 104.688 103.675 103.612 103.970 103.914 103.638 103.773 103.506 102.979 102.535 102.086 101.419 100.640 16 100.000 103.031 105.491 107.077 101.750 102.685 103.503 104.185 104.750 105.282 105.749 106.181 106.571 106.923 107.256 107.557 107.824 108.069 17 18 19 20 21 22 100.000 100.000 100.000 100.000 100.000 100.000 105.810 98.668 103.065 97.596 100.550 96.539 107.309 99.236 99.740 100.254 109.998 127.570 95.873 95.856 94.212 96.162 94.988 89.074 103.364 96.012 100.376 105.213 100.607 104.101 105.787 100.876 102.416 107.297 99.258 117.360 109.021 105.067 98.356 99.746 101.101 95.469 105.468 109.903 92.031 96.645 99.132 102.576 100.550 98.858 97.694 94.405 96.231 97.825 111.299 105.428 99.522 101.350 102.406 93.668 99.645 99.451 100.540 100.707 100.285 99.483 122.767 95.765 84.020 97.747 226.939 101.575 95.616 95.156 101.807 93.769 94.705 98.488 95.905 93.543 92.523 95.800 95.514 104.295 96.630 95.235 94.590 89.946 101.971 84.151 90.913 96.463 94.876 89.040 93.496 80.228 87.306 87.777 92.798 85.968 93.337 92.363 85.630 90.264 84.713 84.957 93.157 83.267 23 100.000 103.705 102.259 99.523 101.966 103.324 105.511 104.018 101.211 102.998 104.151 100.674 99.992 99.211 102.995 95.892 93.502 92.734 24 100.000 103.533 102.230 99.420 101.873 103.132 105.263 103.865 101.208 102.950 104.064 100.697 99.935 99.131 102.749 95.867 93.556 92.787 25 100.000 103.206 104.670 103.769 102.394 102.982 103.486 103.963 104.241 104.534 104.787 105.119 104.291 103.888 103.678 103.219 102.690 102.410 26 100.000 103.243 104.278 102.245 102.720 103.081 103.398 103.774 103.927 104.136 104.339 104.711 103.235 102.478 102.041 101.227 100.332 99.853 27 100.000 103.147 105.303 106.218 101.873 102.824 103.626 104.265 104.748 105.176 105.510 105.778 105.989 106.154 106.309 106.419 106.479 106.521 28 29 30 31 32 33 100.000 100.000 100.000 100.000 100.000 100.000 103.998 98.806 102.488 97.061 96.413 99.388 105.368 98.983 100.011 101.997 93.865 98.808 93.355 101.129 103.341 107.787 103.734 96.952 100.717 103.021 94.535 94.846 95.104 100.077 104.934 109.837 90.903 96.092 98.808 102.440 92.299 98.295 98.691 93.887 94.780 98.233 96.225 100.647 102.446 93.073 102.893 104.704 110.356 103.518 97.999 102.389 104.241 91.305 96.694 100.583 99.187 99.749 100.527 101.827 102.309 102.173 101.680 96.910 93.388 92.324 93.451 96.298 97.448 98.564 99.704 99.515 93.860 92.777 97.578 93.378 98.625 97.425 92.499 101.415 93.660 97.599 91.045 88.716 92.366 104.235 96.968 96.106 97.301 97.018 85.645 95.349 91.857 82.313 95.078 95.896 80.869 86.111 86.143 78.709 95.103 94.556 79.420 88.915 74.634 77.937 94.982 90.246 34 100.000 105.859 101.618 105.146 104.299 107.377 106.148 105.614 104.169 102.275 97.873 102.154 104.239 104.603 105.577 106.164 105.513 104.548 35 100.000 105.817 102.203 104.213 104.251 107.461 106.450 105.107 103.441 102.020 101.456 101.896 103.435 104.074 104.471 104.871 104.604 103.476 36 100.000 103.759 104.082 105.366 102.133 105.485 103.811 103.606 104.290 104.244 103.843 103.950 105.221 105.354 105.292 105.595 105.617 105.028 37 100.000 104.282 103.129 103.601 102.468 107.183 104.107 103.368 104.040 103.573 102.565 102.338 103.925 103.756 103.302 103.420 103.108 101.860 38 100.000 102.830 105.814 108.566 101.537 102.446 103.291 104.046 104.753 105.464 106.162 106.878 107.575 108.253 108.899 109.535 110.161 110.763 39 100.000 110.081 98.333 101.816 108.578 111.548 111.955 108.244 101.691 97.440 96.538 97.663 99.756 101.422 102.744 103.342 102.495 100.287 40 100.000 110.614 104.601 109.109 107.870 111.327 112.473 110.786 106.814 103.886 103.372 104.331 106.789 108.426 110.132 111.091 109.794 108.041 41 Commodity Credit Corporation inventory Other nondurable goods....... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............. State and local consumption expenditures 1........................................ Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............. Tuition and related educational charges................................... Health and hospital charges......... Other sales 5................................ 4? 43 100.000 105.639 44 100.000 111.884 93.283 96.349 104.282 107.348 107.662 103.264 96.977 99.862 103.399 110.668 113.399 113.537 109.934 103.116 45 100.000 99.398 98.048 92.829 100.637 99.348 99.512 98.094 98.913 46 100.000 120.710 146.654 84.563 111.115 133.959 142.264 95.500 75.518 92.051 91.377 92.726 93.788 97.054 96.721 97.835 100.263 96.084 98.963 98.162 99.207 101.477 102.881 104.471 104.767 102.934 101.365 98.682 97.896 96.701 94.103 93.043 92.673 91.497 91.102 90.845 97.680 309.764 103.652 85.747 105.525 76.366 70.612 91.378 79.188 47 100.000 48 100.000 49 100.000 97.438 98.316 99.326 94.593 96.554 98.291 94.616 96.853 98.309 98.755 99.184 99.672 97.933 98.656 99.570 96.956 97.994 99.151 96.107 97.428 98.911 95.302 96.925 98.622 94.669 96.560 98.361 94.250 96.362 98.113 94.151 96.368 98.067 94.404 96.618 98.194 94.488 96.756 98.173 94.799 97.035 98.477 94.772 97.004 98.392 94.800 97.123 98.415 94.927 97.330 98.558 50 100.000 98.973 97.585 97.418 99.461 99.278 98.740 98.413 98.035 97.690 97.359 97.258 97.354 97.284 97.587 97.448 97.433 97.554 51 100.000 101.854 103.375 104.717 101.170 101.654 102.096 102.495 102.851 103.203 103.551 103.896 104.238 104.567 104.881 105.183 105.470 105.764 52 53 54 55 56 57 100.000 96.167 92.901 93.770 98.142 96.710 95.534 94.284 93.347 92.777 92.685 92.796 93.294 93.751 93.978 94.056 94.367 94.702 100.000 96.153 93.091 93.256 97.734 96.876 95.506 94.495 93.617 93.120 92.838 92.788 92.735 93.707 93.555 93.028 93.093 93.145 100.000 95.618 92.300 93.320 97.766 96.184 94.852 93.668 92.701 92.164 92.032 92.302 92.813 93.273 93.545 93.649 93.967 94.298 100.000 96.493 93.249 94.059 98.390 97.008 95.940 94.634 93.717 93.122 93.070 93.085 93.609 94.029 94.250 94.349 94.672 95.027 100.000 95.661 92.473 91.830 95.226 96.423 96.514 94.482 92.590 92.108 92.252 92.941 91.880 92.465 91.935 91.038 90.676 90.415 100.000 102.164 104.977 106.491 101.325 101.829 102.386 103.116 103.986 104.733 105.411 105.778 106.136 106.444 106.674 106.712 107.238 107.806 58 100.000 102.281 105.436 107.559 101.302 101.719 102.482 103.620 104.359 105.270 105.726 106.391 107.006 107.475 107.888 107.866 108.298 108.839 59 100.000 102.156 105.446 107.289 101.193 101.792 102.434 103.206 104.352 105.072 105.914 106.446 106.960 107.188 107.372 107.636 108.067 108.607 60 100.000 102.097 104.032 104.682 101.513 101.953 102.260 102.663 103.242 103.912 104.518 104.455 104.426 104.733 104.898 104.670 105.396 106.019 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. September 2013 127 S u r v e y o f C u r r e n t B u s in e ss Table 3.10.4. Price Indexes for Government Consumption Expenditures and General Government Gross Output [Index numbers, 2009=100] Seasonally adjusted Line 2009 2010 2011 2012 2010 I Government consumption expenditures 1............................ Gross output of general government.............................. Value added............................. Compensation of general government employees.... Consumption of general government fixed capital2 Intermediate goods and services purchased 3........... Durable goods...................... Nondurable goods................ Services............................... Less: Own-account investment I.. Less: Sales to other sectors 5...... Federal consumption expenditures 1....... Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Services................................... Less: Own-account investment4...... Less: Sales to other sectors............. Defense consumption expenditures 1 Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............. Nondefense consumption expenditures 1................................ Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3............................. Durable goods.......................... Nondurable goods.................... Commodity Credit Corporation inventory change............................. Other nondurable goods...... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............. State and local consumption expenditures 1....................................... Gross output of general government Value added................................ Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............. Tuition and related educational charges.................................... Health and hospital charges......... Other sales 5................................ II 2011 III IV I II 2012 III IV I II 2013 III IV I II 1 100.000 103.164 106.164 107.314 102.089 102.899 103.451 104.215 105.188 106.336 106.709 106.423 107.217 107.175 107.215 107.649 107.849 107.814 2 100.000 103.117 106.106 107.504 102.056 102.863 103.412 104.138 105.101 106.183 106.639 106.502 107.267 107.335 107.478 107.936 108.245 108.247 3 100.000 102.941 104.716 105.841 101.831 102.787 103.395 103.750 104.020 104.727 105.147 104.971 105.654 105.810 105.770 106.130 106.321 106.496 4 100.000 103.474 105.119 106.086 102.255 103.316 104.007 104.317 104.486 105.179 105.560 105.250 105.973 106.047 105.946 106.377 106.567 106.703 b 100.000 100.892 103.155 104.855 100.193 100.751 101.049 101.577 102.224 102.983 103.547 103.866 104.400 104.850 105.034 105.137 105.333 105.646 6 7 8 9 10 11 100.000 100.000 100.000 100.000 100.000 100.000 103.460 100.139 108.829 101.706 102.149 102.997 108.873 100.708 122.650 104.382 104.692 105.992 110.828 101.578 125.071 106.278 106.070 108.861 102.497 99.997 107.502 100.787 101.027 102.032 103.011 100.168 107.535 101.529 101.855 102.812 103.443 100.215 107.848 102.048 102.518 103.320 104.891 100.175 112.434 102.461 103.198 103.826 107.243 100.351 118.921 103.438 103.904 104.779 109.084 100.659 123.702 104.293 104.563 105.542 109.611 100.853 124.251 104.846 105.031 106.487 109.553 100.967 123.727 104.950 105.269 107.161 110.488 101.504 125.635 105.541 105.762 107.802 110.378 101.526 123.643 106.171 105.977 108.499 110.892 101.562 124.808 106.484 106.166 109.248 111.555 101.720 126.197 106.916 106.376 109.894 112.110 101.828 126.629 107.576 106.746 110.828 111.745 102.242 123.915 108.099 106.840 111.029 12 100.000 102.942 105.874 106.799 102.040 102.800 103.205 103.724 104.887 106.054 106.420 106.134 106.551 106.761 106.814 107.070 107.771 107.995 13 100.000 102.917 105.871 106.802 102.001 102.763 103.184 103.721 104.882 106.029 106.422 106.152 106.557 106.763 106.820 107.069 107.765 107.990 14 100.000 103.098 105.161 105.770 102.232 102.932 103.423 103.805 104.459 105.109 105.609 105.467 105.569 105.732 105.819 105.958 106.687 107.071 15 100.000 103.998 106.001 106.521 103.162 103.838 104.392 104.600 105.222 105.877 106.516 106.390 106.335 106.442 106.541 106.766 107.655 108.103 16 100.000 101.612 103.773 104.524 100.694 101.435 101.825 102.492 103.198 103.837 104.113 103.945 104.299 104.553 104.620 104.626 105.104 105.390 17 18 19 20 21 22 100.000 100.000 100.000 100.000 100.000 100.000 102.631 100.171 107.980 102.097 102.465 102.139 107.046 100.774 121.948 105.487 105.346 106.980 108.534 101.604 124.488 106.902 106.162 108.803 101.637 100.164 106.083 101.095 101.081 101.429 102.498 100.275 107.335 102.009 102.094 101.602 102.807 100.205 107.617 102.384 102.920 102.175 103.583 100.040 110.887 102.900 103.767 103.348 105.574 100.370 117.617 104.341 104.633 105.248 107.562 100.777 124.457 105.735 105.246 106.335 107.770 100.901 124.042 106.067 105.667 108.174 107.278 101.047 121.675 105.804 105.838 108.162 108.214 101.491 125.075 106.372 105.992 108.488 108.490 101.616 123.627 106.997 106.120 108.542 108.495 101.681 123.667 106.987 106.225 108.985 108.937 101.628 125.581 107.254 106.312 109.195 109.570 101.999 126.503 107.880 106.851 109.961 109.486 102.621 123.060 108.311 107.181 109.841 23 100.000 102.705 105.693 106.824 101.986 102.617 102.869 103.348 104.726 105.976 106.254 105.815 106.464 106.754 106.857 107.221 108.061 108.252 24 100.000 102.692 105.678 106.808 101.956 102.597 102.862 103.353 104.719 105.947 106.231 105.814 106.452 106.738 106.844 107.199 108.031 108.226 25 100.000 102.779 104.672 105.698 102.239 102.707 102.922 103.250 104.111 104.687 105.079 104.812 105.312 105.633 105.809 106.037 106.992 107.376 26 100.000 103.722 105.301 106.245 103.272 103.652 103.937 104.026 104.860 105.263 105.674 105.405 105.863 106.136 106.328 106.653 107.933 108.329 27 100.000 101.288 103.676 104.826 100.598 101.210 101.319 102.026 102.927 103.772 104.134 103.870 104.435 104.828 104.980 105.061 105.528 105.895 28 29 30 31 32 33 100.000 100.000 100.000 100.000 100.000 100.000 102.569 100.161 113.762 101.779 102.301 102.580 107.147 100.775 137.066 104.999 105.454 104.325 108.438 101.689 138.415 106.374 106.432 106.042 101.555 100.129 110.374 100.815 100.964 102.090 102.447 100.270 113.376 101.628 101.991 102.357 102.781 100.202 113.319 102.099 102.673 102.815 103.494 100.042 117.978 102.573 103.576 103.057 105.597 100.394 129.614 103.918 104.636 103.893 107.798 100.764 142.180 105.245 105.349 104.213 107.919 100.876 140.666 105.563 105.831 104.499 107.273 101.065 135.802 105.270 105.999 104.696 108.126 101.553 139.810 105.794 106.197 105.643 108.358 101.665 137.077 106.441 106.379 105.885 108.354 101.773 136.442 106.487 106.520 106.193 108.913 101.765 140.332 106.775 106.634 106.447 109.527 102.167 141.641 107.350 107.233 107.176 109.377 102.804 135.086 107.825 107.542 107.391 34 100.000 103.392 106.215 106.755 102.147 103.146 103.840 104.434 105.191 106.197 106.731 106.740 106.716 106.777 106.734 106.795 107.257 107.538 35 100.000 103.333 106.228 106.796 102.089 103.071 103.775 104.398 105.181 106.177 106.775 106.778 106.754 106.811 106.779 106.840 107.306 107.581 36 100.000 103.613 105.953 105.889 102.222 103.296 104.232 104.702 105.021 105.791 106.469 106.531 105.985 105.895 105.838 105.837 106.207 106.592 3/ 100.000 104.427 107.093 106.950 102.993 104.128 105.095 105.491 105.781 106.830 107.829 107.931 107.067 106.916 106.872 106.944 107.238 107.765 38 100.000 102.174 103.943 104.013 100.862 101.826 102.705 103.302 103.667 103.951 104.078 104.075 104.069 104.085 104.009 103.887 104.383 104.534 39 100.000 102.779 106.815 108.751 101.821 102.624 102.878 103.794 105.526 107.008 107.428 107.296 108.414 108.786 108.805 108.999 109.668 109.707 40 100.000 100.303 100.767 100.612 100.602 100.353 100.243 100.013 100.092 100.932 101.213 100.831 100.759 101.031 100.608 100.049 100.085 100.545 41 A? 43 44 45 46 100.000 100.000 100.000 100.000 102.931 102.828 102.674 101.889 108.347 106.603 105.203 108.140 111.990 108.110 105.805 110.025 102.210 101.747 101.229 101.088 102.053 102.878 102.225 101.193 102.682 103.036 103.233 101.821 104.778 103.650 104.010 103.454 107.011 105.304 104.625 105.861 108.347 106.856 105.110 107.329 108.960 107.223 105.451 109.676 109.069 107.028 105.625 109.693 111.869 107.691 105.720 109.683 111.577 108.267 105.777 109.676 112.171 108.128 105.834 110.265 112.343 108.353 105.887 110.478 112.932 109.076 106.346 111.265 111.920 109.427 106.704 110.905 47 100.000 103.306 106.352 107.652 102.116 102.960 103.611 104.538 105.384 106.518 106.896 106.611 107.656 107.446 107.477 108.029 107.907 107.708 48 100.000 103.223 106.231 107.879 102.082 102.914 103.533 104.363 105.218 106.264 106.753 106.688 107.646 107.641 107.830 108.400 108.509 108.398 49 100.000 102.866 104.502 105.881 101.638 102.718 103.383 103.726 103.808 104.544 104.923 104.732 105.701 105.852 105.751 106.218 106.147 106.220 60 100.000 103.297 104.818 105.941 101.946 103.140 103.878 104.225 104.237 104.943 105.234 104.859 105.855 105.917 105.746 106.247 106.197 106.228 b1 100.000 52 53 54 55 56 57 100.000 100.000 100.000 100.000 100.000 100.000 99.874 102.282 105.346 103.997 100.072 109.043 101.404 101.838 103.021 110.072 100.571 122.827 103.507 104.034 105.956 112.326 101.525 125.218 105.772 105.986 108.852 99.486 99.784 103.047 99.656 107.852 100.551 100.976 102.047 103.334 99.940 107.584 101.154 101.621 102.844 99.949 100.277 100.842 101.771 102.749 103.766 104.560 105.293 105.646 105.887 105.678 106.031 103.850 100.231 107.908 101.793 102.122 103.351 105.759 100.462 112.828 102.118 102.633 103.840 108.344 100.313 119.250 102.725 103.172 104.766 110.084 100.421 123.514 103.152 103.875 105.517 110.819 100.755 124.301 103.882 104.392 106.417 111.039 100.796 124.244 104.270 104.698 107.125 111.972 101.527 125.779 104.877 105.540 107.776 111.617 101.344 123.654 105.510 105.842 108.488 112.457 101.318 125.088 106.072 106.115 109.245 113.259 101.909 126.352 106.628 106.446 109.900 113.771 101.507 126.666 107.312 106.650 110.838 113.247 101.528 124.119 107.895 106.509 111.046 58 100.000 105.213 110.492 115.847 103.478 104.940 105.906 106.494 108.216 109.544 111.384 112.777 114.109 115.347 116.436 117.481 119.287 120.579 59 100.000 102.775 104.785 107.171 102.123 102.671 103.034 103.271 103.824 104.534 105.095 105.687 106.135 106.844 107.628 108.075 109.065 108.762 60 100.000 101.944 104.625 106.615 101.025 101.727 102.130 102.894 103.815 104.251 105.006 105.429 105.914 106.287 106.786 107.474 107.767 107.968 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. 128 Government Current Receipts and Expenditures September 2013 Table 3.10.5. Government Consumption Expenditures and General Government Gross Output [Billions of dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 2010 I Government consumption expenditures 1............................ Gross output of general government............................. Value added............................. Compensation of general government employees.... Consumption of general government fixed capital2 Intermediate goods and services purchased 3........... Durable goods...................... Nondurable goods................ Services.............................. Less: Own-account investment4 Less: Sales to other sectors 5...... Federal consumption expenditures 1....... Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3............................. Durable goods.......................... Nondurable goods.................... Services................................... Less: Own-account investment4...... Less: Sales to other sectors............. Defense consumption expenditures 1 Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Services................................... Less: Own-account investment4...... Less: Sales to other sectors............. Nondefense consumption expenditures 1................................ Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods.......................... Nondurable goods.................... Commodity Credit Corporation inventory change ............................. Other nondurable goods....... Services................................... Less: Own-account investment4...... Less: Sales to other sectors............. State and local consumption expenditures 1........................................ Gross output of general government Value added................................. Compensation of general government employees........ Consumption of general government fixed capital2.... Intermediate goods and services purchased 3.............................. Durable goods......................... Nondurable goods.................... Services.................................. Less: Own-account investment4...... Less: Sales to other sectors............. Tuition and related educational charges................................... Health and hospital charges......... Other sales 5............................... 1 2,442.1 2,522.2 2011 2012 II III IV I II III IV I 2,534.2 2,528.2 2,516.1 2,538.5 2,533.1 2013 II III IV I II 2,525.3 2,518.1 2,526.1 2,548.0 2,500.3 2,526.1 2,516.7 2,542.3 2,538.8 2,572.9 2,538.1 2 2,892.0 2,992.5 3,021.6 3 1,907.6 1,975.9 2,002.4 3,055.8 2,023.7 2,962.5 1,952.3 2,995.1 3,008.3 3,004.1 2,998.1 3,028.1 3,042.5 3,017.6 1,979.5 1,983.5 1,988.4 1,992.4 2,003.4 2,008.1 2,005.7 3,044.9 2,020.3 3,046.5 2,021.7 3,082.4 2,024.2 3,049.4 3,043.7 3,038.6 2,028.8 2,030.7 2,033.5 4 1,517.4 1,572.2 1,581.2 1,589.6 1,555.4 1,577.4 1,577.6 1,578.2 1,577.7 1,583.8 1,584.4 1,579.1 1,590.0 1,588.2 1,588.6 1,591.5 1,591.5 5 390.3 403.8 421.2 434.2 396.9 402.1 405.8 410.2 414.7 419.7 423.7 426.6 430.3 433.5 435.6 437.3 439.2 441.6 6 7 8 9 10 11 984.3 74.4 262.9 647.0 71.0 378.9 1,016.6 75.0 276.3 665.2 70.8 399.5 1,019.2 72.0 300.3 646.9 71.6 423.9 1,032.0 71.8 307.4 652.8 70.3 437.4 1,010.2 71.9 277.8 660.5 70.2 392.0 1,015.6 74.2 275.4 666.0 70.7 398.2 1,024.9 76.1 272.1 676.6 71.4 402.8 1,015.7 78.0 279.9 657.8 71.0 404.9 1,005.7 69.1 292.9 643.7 71.2 410.8 1,024.6 71.5 301.2 652.0 71.5 418.0 1,034.4 72.8 303.3 658.3 71.7 437.7 1,011.9 74.6 303.7 633.6 71.9 429.0 1,024.6 70.5 308.6 645.5 70.7 431.8 1,024.8 71.3 303.4 650.1 70.6 437.1 1,058.2 73.2 306.3 678.7 70.3 439.2 1,020.6 72.1 311.5 637.0 69.7 441.6 1,013.0 67.8 312.1 633.1 69.7 448.7 1,005.2 69.4 301.2 634.6 69.6 450.9 12 13 14 933.7 978.1 603.6 1,003.9 1,050.2 643.6 1,008.7 1,058.5 663.0 1,011.7 1,056.0 666.4 979.1 1,024.6 631.3 1,005.1 1,051.8 645.8 1,018.8 1,066.4 646.8 1,012.7 1,058.0 650.5 1,001.1 1,046.2 657.4 1,017.4 1,064.2 662.5 1,013.4 1,073.6 665.7 1,002.7 1,049.8 666.4 1,009.3 1,054.3 666.9 1,007.4 1,053.2 666.6 1,036.1 1,079.8 666.2 993.9 1,036.8 666.0 982.3 1,026.7 668.5 975.9 1,019.4 668.3 15 375.5 404.8 413.2 411.1 397.5 408.2 406.4 406.9 410.8 413.1 414.5 414.6 413.3 411.6 410.2 409.3 410.0 408.5 16 228.1 238.8 249.7 255.3 233.7 237.6 240.4 243.6 246.6 249.4 251.2 251.8 253.6 255.0 256.0 256.7 258.5 259.8 17 18 19 20 21 22 374.4 49.3 50.9 274.3 34.8 9.5 406.6 50.9 55.2 300.5 35.6 10.7 395.5 48.5 59.9 287.1 36.8 13.0 389.6 48.0 59.7 281.9 35.1 9.2 393.3 47.4 54.2 291.7 35.4 10.1 406.0 49.9 55.9 300.2 35.3 11.4 419.6 52.1 55.0 312.5 35.7 12.0 407.5 54.2 55.7 297.5 35.9 9.4 388.8 45.5 58.4 284.8 36.6 8.4 401.7 48.0 59.8 293.9 36.9 9.9 407.9 49.3 60.7 297.9 36.9 23.3 383.5 51.1 60.6 271.8 36.7 10.4 387.4 46.9 61.0 279.5 35.7 9.3 386.6 47.4 58.8 280.3 35.2 10.5 413.6 49.4 58.2 306.0 35.0 8.7 370.9 48.3 60.6 261.9 34.6 8.4 358.2 44.1 59.7 254.4 34.7 9.7 351.1 45.7 53.0 252.4 34.8 8.7 23 24 25 613.3 636.5 373.5 653.2 676.8 396.1 662.8 687.7 409.2 652.0 675.9 409.6 637.8 661.1 391.0 650.2 673.5 395.0 665.6 689.2 397.7 659.2 683.3 400.9 650.0 674.6 405.3 669.4 694.3 408.7 678.7 703.7 411.2 653.3 678.2 411.5 652.9 677.2 410.2 649.6 673.5 409.8 675.0 698.8 409.7 630.6 654.2 408.7 619.7 643.4 410.3 615.7 639.2 410.7 26 228.8 245.0 251.2 248.6 242.7 244.5 245.9 247.0 249.3 250.8 252.3 252.5 250.1 248.9 248.3 247.0 247.8 247.5 27 144.6 151.1 157.9 161.1 148.2 150.5 151.9 153.9 155.9 157.9 158.9 158.9 160.1 161.0 161.4 161.7 162.5 163.2 28 29 30 31 32 33 263.1 45.8 24.4 192.8 19.5 3.8 280.6 47.0 26.8 206.8 19.9 3.7 278.5 44.8 33.3 200.4 20.9 3.9 266.3 44.2 31.2 190.9 20.0 3.9 270.2 43.6 26.5 200.0 19.8 3.6 278.5 46.0 27.4 205.2 19.7 3.6 291.4 48.2 26.0 217.3 19.9 3.6 282.4 50.3 27.4 204.7 20.3 3.8 269.3 41.8 31.1 196.4 20.7 3.8 285.6 44.3 33.5 207.8 21.0 3.9 292.5 45.7 34.6 212.2 21.0 4.0 266.8 47.4 34.0 185.3 21.0 4.0 267.0 43.2 33.3 190.5 20.4 3.9 263.7 43.6 30.5 189.6 20.1 3.9 289.1 45.5 29.6 214.1 19.9 3.9 245.5 44.4 31.5 169.5 19.7 3.9 233.1 40.3 29.8 163.0 19.8 3.8 228.6 41.9 24.6 162.1 19.9 3.7 34 35 36 320.4 341.5 230.2 350.7 373.4 247.5 345.8 370.8 253.8 359.7 380.1 256.8 341.3 363.5 240.3 354.9 378.3 250.8 353.2 377.3 249.1 353.4 374.7 249.7 351.1 371.6 252.1 348.0 370.0 253.8 334.7 370.0 254.5 349.4 371.6 254.9 356.4 377.1 256.7 357.9 379.6 256.8 361.1 381.0 256.5 363.3 382.6 257.2 362.6 383.3 258.2 360.2 380.2 257.7 37 146.7 159.7 162.0 162.5 154.8 163.7 160.5 160.0 161.4 162.3 162.2 162.0 163.2 162.7 161.9 162.2 162.2 161.0 1,591.8 38 83.5 87.7 91.8 94.3 85.5 87.1 88.6 89.7 90.7 91.5 92.3 92.9 93.5 94.1 94.6 95.0 96.0 96.7 39 40 41 111.3 3.5 26.4 126.0 3.9 28.4 116.9 3.7 26.6 123.3 3.8 28.4 123.2 3.8 27.7 127.5 3.9 28.6 128.2 3.9 29.0 125.1 3.9 28.4 119.5 3.7 27.3 116.1 3.7 26.3 115.5 3.7 26.1 116.7 3.7 26.5 120.4 3.8 27.7 122.8 3.8 28.3 124.5 3.9 28.6 125.4 3.9 29.1 125.1 3.8 29.9 122.5 3.8 28.4 42 43 44 45 46 0.1 26.3 81.4 15.4 5.7 -0.2 28.6 93.7 15.7 7.1 0.0 26.6 86.7 15.9 9.1 0.1 28.4 91.0 15.1 5.3 -0.3 28.0 91.7 15.7 6.5 -0.2 28.8 95.0 15.6 7.8 -0.1 29.1 95.3 15.8 8.3 0.0 28.4 92.8 15.7 5.7 0.0 27.3 88.4 15.9 4.6 0.1 26.2 86.1 15.9 6.0 -0.1 26.2 85.7 15.9 19.4 0.0 26.6 86.5 15.7 6.5 0.1 27.6 89.0 15.3 5.4 -0.2 28.5 90.7 15.1 6.6 0.1 28.5 92.0 15.1 4.8 0.2 28.9 92.4 14.9 4.5 0.1 29.8 91.4 14.9 5.8 0.1 28.3 90.3 14.9 5.0 47 48 49 1,508.4 1,913.9 1,304.0 1,518.3 1,942.3 1,332.3 1,517.4 1,963.1 1,339.4 1,536.4 1,999.7 1,357.3 1,521.2 1,937.9 1,321.0 1,521.0 1,515.4 1,943.3 1,941.9 1,333.7 1,336.7 1,515.6 1,946.1 1,337.9 1,515.0 1,951.9 1,335.0 1,521.1 1,963.9 1,340.9 1,519.7 1,968.8 1,342.4 1,514.0 1,967.7 1,339.3 1,533.0 1,531.3 1,536.8 1,544.3 1,543.0 1,542.2 1,990.6 1,993.3 2,002.6 2,012.5 2,017.0 2,019.2 1,353.4 1,355.1 1,358.0 1,362.8 1,362.2 1,365.1 50 1,141.9 1,167.4 1,168.0 1,178.5 1,157.9 1,169.3 1,171.3 1,166.9 1,170.6 1,169.9 1,164.5 1,176.7 1,171.3 1,176.6 1,178.4 1,182.2 1,181.5 1,183.3 51 162.1 164.9 171.4 178.8 163.2 164.4 165.4 166.6 168.1 170.3 172.5 174.8 176.7 178.5 179.6 180.6 180.7 181.8 52 53 54 55 56 57 609.9 25.1 212.0 372.8 36.2 369.4 610.0 24.1 221.1 364.8 35.2 388.8 623.7 23.5 240.4 359.8 34.8 410.9 642.4 23.7 247.8 370.9 35.2 428.2 616.9 24.4 223.6 368.8 34.8 381.9 609.6 24.3 219.5 365.8 35.4 386.8 605.2 24.0 217.1 364.1 35.6 390.9 608.3 23.8 224.2 360.3 35.1 395.5 616.9 23.6 234.4 358.9 34.5 402.4 622.9 23.5 241.4 358.1 34.6 408.2 626.5 23.5 242.6 360.4 34.8 414.3 628.4 23.5 243.2 361.8 35.2 418.5 637.1 23.6 247.5 366.0 35.1 422.5 638.2 23.8 244.6 369.8 35.4 426.6 644.6 23.8 248.1 372.7 35.3 430.5 649.7 23.8 250.9 375.0 35.0 433.2 654.8 23.7 252.4 378.7 35.0 439.1 654.1 23.7 248.2 382.2 34.8 442.2 58 59 60 79.2 167.0 123.3 85.2 175.3 128.3 92.2 184.5 134.2 98.7 192.0 137.6 83.0 172.5 126.4 84.5 174.5 127.8 85.9 176.2 128.7 87.4 177.9 130.2 89.4 180.9 132.1 91.3 183.4 133.5 93.2 185.8 135.3 95.0 187.8 135.7 96.7 189.5 136.3 98.2 191.2 137.2 99.5 192.9 138.1 100.3 194.2 138.7 102.3 196.8 140.0 103.9 197.2 141.1 1. Government consumption expenditures are services (such as education and national defense) produced by government that are valued at their cost of production. Excludes government sales to other sectors and government own-account invest ment (construction, software, and research and development). 2. Consumption of fixed capital, or depreciation, is included in government gross output as a partial measure of the services of general government fixed assets; the use of depreciation assumes a zero net return on these assets. 3. Includes general government intermediate inputs for goods and services sold to other sectors and for own-account investment. 4. Own-account investment is measured in current dollars by compensation of general government employees and related expenditures for goods and services and is classified as investment in structures, software, and research and development in table 3.9.5. 5. Includes federal purchases of research and development produced by state and local general government. September 2013 129 S u r v e y o f C u r r e n t B u sin ess Table 3.10.6. Real Government Consumption Expenditures and General Government Gross Output, Chained Dollars [Billions of chained (2009) dollars] Seasonally adjusted at annual rates Line 2009 2010 2011 2012 I Government consumption expenditures 1........................... Gross output of general government.............................. Value added............................ Compensation of general government employees.... Consumption of general government fixed capital2 Intermediate goods and services purchased 3........... Durable goods...................... Nondurable goods................ Services.............................. Less: Own-account investment4... Less: Sales to other sectors 5...... Federal consumption expenditures 1....... Gross output of general government Value added................................ Compensation of general government employees........ Consumption
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