Business Services Industry
Updated summary NIPA methodologies
Survey of Current Business, Oct, 2001
Table 1.--Principal Source Data and Estimating Methods Used in
Preparing Estimates of Current-Dollar GDP
Component Subcomponent Annual estimates:
(billions of dollars) (billions of dollars) Source data and methods
used to determine level
for benchmark and other
years or used to
prepare an extrapolator
or interpolator
Personal consumption Durable and Benchmark years--
expenditures nondurable goods: Commodity-flow
($6,728.4) ($2,809.2) (1) method, starting with
manufacturers'
Most goods (except shipments from Census
sub-components Bureau quinquennial
listed separately) census and including
($2,343.7) an adjustment for
exports and imports
from Census Bureau
foreign trade data.
Other years--Retail-
control method, using
retail sales from
Census Bureau annual
survey of retail
trade or, for most
recent year, monthly
survey of retail
trade.
New autos Benchmark years--
($105.0) Commodity-flow
method, starting with
manufacturers'
shipments from Census
Bureau quinquennial
census and including
an adjustment for
exports and imports
from Census Bureau
foreign trade data.
Other years--Physical
quantity purchased
times average retail
price: Unit sales,
information to
allocate sales among
consumers and other
purchasers, and
average list price
with options, all
from trade sources.
Transportation
charges, dealer
discounts, and
rebates from BLS
monthly survey of
auto sales prices.
Sales tax rate from
Census Bureau annual
survey of retail
trade.
Net purchases of used Benchmark years--For
autos ($59.1) net transactions,
residual based on net
sales by other
sectors. For dealers'
margin, retail sales
from Census Bureau
quinquennial census
and margin rate from
Census Bureau annual
survey of retail
trade.
Other years except most
recent--For net
transactions, change
in consumer stock of
autos from trade
sources. For dealers'
margin, for
franchised dealers,
unit sales and sales
price from trade
sources, times
margin rate for
independent dealers
from Census Bureau
annual survey of
retail trade; for
independent dealers,
margin from Census
Bureau annual survey
of retail trade.
Most recent year--For
net transactions,
same as other years
except most recent.
For dealers' margin,
for franchised
dealers, unit sales
and sales price from
trade sources; for
independent dealers,
sales from Census
Bureau monthly survey
of retail trade.
New trucks Benchmark years--
($113.4) Commodity-flow
method, starting with
manufacturers'
shipments from Census
Bureau quinquennial
census and including
an adjustment for
exports and imports
from Census Bureau
foreign trade data.
Other years except most
recent--Abbreviated
commodity-flow
method, starting with
manufacturers'
shipments from Census
Bureau annual survey
and including an
adjustment for
exports and imports
from Census Bureau
foreign trade data.
Most recent year--
Physical quantity
purchased times
average retail price:
Unit sales,
information to
allocate sales among
consumers and other
purchasers, and
average list price,
all from trade
sources.
Gasoline and oil (2) Benchmark years--
($165.3) Physical quantity
purchased times
average retail price:
Gallons consumed from
the Department of
Transportation;
information to
allocate that total
among consumers and
other purchasers from
Federal agencies and
trade sources;
average retail price
from Census Bureau
quinquennial census.
Other years except most
recent--Same as
benchmark years,
except average retail
price from the Energy
Information
Administration.
Most recent year--
Physical quantity
purchased times
average retail price:
Gallons consumed and
average price from
the Energy
Information
Administration.
Food furnished to Benchmark years--For
employees commercial employees,
(including number of employees
military) ($9.4) of relevant
industries from BLS
tabulations times BEA
estimate of per
capita expenditures
for food; for
military personnel,
outlays from the
Budget of the United
States prepared by
the Office of
Management and
Budget.
Other years--Same as
benchmark years,
except per capita
expenditures for food
based on BLS consumer
price index for food.
Expenditures abroad Estimated as part of
by U.S. residents the international
($3.3) less transactions
personal accounts; see entry
remittances in kind for "exports and
to nonresidents imports of services,
($2.0) net," under net
exports of goods and
services.
Services:
($3,919.2)
Nonfarm dwellings-- Benchmark years--Based
space rent for on data on housing
owner-occupied and stock and average
rent for tenant- annual rent from
occupied ($912.0) Census Bureau
decennial census of
housing and survey of
residential finance,
adjusted for
utilities included in
rent.
Other years--Based on
data on housing stock
and average annual
rent from Census
Bureau biennial
housing survey or on
the number of housing
units from Census
Bureau monthly
current population
survey and BLS
consumer price index
for rent.
Rental value of farm Benchmark years--Based
dwellings ($7.7) on data on housing
stock and average
annual rent from
Census Bureau
decennial census of
housing and survey of
residential finance.
Other years--Based on
data on current cost
of farm housing stock
from BEA capital
stock series.
Motor vehicle repair, Benchmark years--
rental and other Receipts and expenses
services; other from Census Bureau
repair services; quinquennial census
other purchased adjusted for receipts
intercity from business and
transportation; governments.
legal and funeral
services; Other years--Receipts
barbershops, beauty for spectator sports
parlors, and health from trade sources;
clubs; nursing for educational
homes; laundries; services not
employment agency elsewhere classified
fees; accounting and foundations, from
and tax return BLS annual
preparation tabulations of wages
services; and salaries of
recreation (except employees covered by
cable TV, casino State unemployment
gambling, insurance; for others
parimutuel net in this group,
receipts, receipts and expenses
lotteries, and from Census Bureau
computer online service annual
services); hotels survey.
and motels;
commercial
business, trade,
and correspondence
schools;
educational
services not
elsewhere
classified;
research
organizations and
foundations
($620.0)
Physicians, dentists, Benchmark years--For
and other nonprofit
professional professional
medical services services, expenses,
($454.1) and for others in
this group, receipts,
adjusted for
government
consumption, all from
Census quinquennial
census.
Other years--Receipts
and expenses,
adjusted for
government
consumption, from
Census Bureau service
annual survey.
Private nursery Benchmark years--For
schools, elementary religious-affiliated
schools, day care, schools, enrollment
welfare activities, from the Department
political of Education times
organizations, BEA estimate of
foundations, and average expenditures
trade unions and per pupil; for
professional nursery schools and
associations day care,
($190.7) expenditures from BLS
consumer expenditure
survey; for others in
this group, receipts
and expenses from
Census Bureau
quinquennial census.
Other years except most
recent--For nursery
schools and day care,
same as benchmark
years; for others in
this group, from BLS
annual tabulations of
wages and salaries of
employees covered by
State unemployment
insurance.
Most recent year--For
nursery schools and
day care, judgmental
trend; for others in
this group, from BLS
annual tabulations of
wages and salaries of
employees covered by
State unemployment
insurance.
Financial services See entry for
furnished without "imputed--banks,
payment by banks, credit agencies, and
credit agencies, investment companies"
and investment under net interest.
companies (3)
($265.4)
Brokerage charges and Years except most
investment recent--For private
counseling, bank higher education,
service charges, expenses, and for
intercity others in this group,
transportation receipts from annual
except other, and reports of government
private higher administrative
education agencies.
($232.0)
Most recent year--For
brokerage charges,
bank service charges,
and intercity
transportation,
receipts from annual
reports of government
administrative
agencies; for private
higher education,
enrollment from the
Department of
Education times price
index for higher
education from trade
source.
Domestic service Benchmark years--For
($16.0) cleaning services,
receipts from Census
Bureau quinquennial
census; for other
domestic services,
number of workers
times weekly hours
times earnings from
BLS.
Other years--Number of
workers times weekly
hours times earnings
from BLS.
Public education and Years except most
hospitals, water recent--For
and other sanitary lotteries, net
services, and receipts from Census
lotteries ($191.5) Bureau quinquennial
census and annual
surveys of State and
local governments,
adjusted to
a calendar year basis
from a fiscal year
basis; for others in
this group, receipts
from the same
sources.
Most recent year--
Judgmental trend.
Insurance, private Benchmark years--For
hospitals, life insurance,
religious expenses from trade
activities, cable sources; for medical
TV, electricity, and hospitalization
natural gas, insurance, premiums
telephone, and and benefits from the
local transport Health Care Financing
($893.1) Administration; for
other insurance,
premiums and benefits
from trade sources;
for private
hospitals, receipts
and expenses from
Census Bureau
quinquennial census;
for cable TV and
telephone, receipts
from Census Bureau
quinquennial census;
for religious
activities, expenses
based on
contributions and
membership from trade
sources; for
electricity and gas,
receipts from Energy
Information
Administration; for
local transport,
receipts from trade
source.
Years except most
recent--For medical
and hospitalization
insurance, BLS
employer costs for
employee health
insurance and wages
and salaries from BLS
annual tabulations of
employees covered by
State unemployment
insurance; for
private hospitals,
expenses from trade
source; for cable TV,
receipts from Census
Bureau service annual
survey; for
telephone, receipts
from the Federal
Communications
Commission; for
others in this group,
same as benchmark
years.
Most recent year--For
life insurance, wages
and salaries from BLS
annual tabulations of
employees covered by
State unemployment
insurance; for
medical and
hospitalization
insurance, same as
years except most
recent; for other
insurance, judgmental
trend; for private
hospitals, receipts
and expenses from
Census Bureau service
annual survey; for
religious activities,
expenses based on
population from the
Census Bureau and per
capita disposable
personal income from
BEA; for local
transport, passenger
trips from trade
source times BLS
consumer price index
for intracity mass
transit; for
electricity and
natural gas, same as
benchmark years; for
cable TV, receipts
from trade sources;
for telephone,
receipts from company
reports to the
Securities and
Exchange Commission
and trade sources.
Foreign travel by Estimated as part of
U.S. residents the international
($80.7) less transactions
expenditures in the accounts; see entry
United States by for "exports and
nonresidents imports of services,
($97.9) net," under net
exports of goods and
services.
Other services: Various source data.
Casino gambling;
motor vehicle
leasing; parimutuel
net receipts; other
housing except
hotels and motels;
bridge, etc. tolls;
other household
operation except
repairs and
insurance; travel
and entertainment
card fees;
stenographic and
reproduction
services; money
orders and
classified
advertising; and
computer online
services ($154.0)
Nonresidential
Fixed investment structures:
($1,718.1) ($313.6) (4)
Utilities: Value put in place from
Telecommunications Census Bureau monthly
($18.8) construction survey.
Utilities: Other Expenditures from
($32.8) Federal regulatory
agencies and trade
sources.
Mining exploration, Benchmark years--
shafts, and wells Expenditures from
($27.6) Census Bureau
quinquennial census.
Years except most
recent--For petroleum
and natural gas,
physical quantity
times average price:
Footage drilled and
cost per foot from
trade sources; for
other mining,
expenditures from
Census Bureau annual
capital expenditure
survey.
Most recent year--For
petroleum and natural
gas, physical
quantity times
average price:
Footage drilled and
cost per foot from
trade sources,
extrapolated with BLS
producer price index
for oil and gas well
drilling.
Industrial buildings Benchmark years, except
($30.2) 1992--Value put in
place from Census
Bureau monthly
construction survey
and improvements from
Department of Energy
commercial buildings
energy consumption
survey. For 1992,
tabulations from
Census Bureau annual
capital expenditure
survey, adjusted for
undercoverage.
Other years--Value put
in place from Census
Bureau monthly
construction survey.
Other nonfarm Benchmark years--Value
buildings and put in place from
structures Census Bureau monthly
($198.2) construction survey
and improvements from
Department of Energy
commercial buildings
energy consumption
survey.
Other years--Value put
in place from Census
Bureau monthly
construction survey.
Farm buildings Expenditures for new
($5.2) construction from
Department of
Nonresidential Agriculture surveys.
equipment and
software:
($979.5)
Equipment, except Benchmark years--
autos ($755.4) Commodity-flow
method, starting with
manufacturers'
shipments from Census
Bureau quinquennial
census and including
an adjustment for
exports and imports
from Census Bureau
foreign trade data.
Other years--
Abbreviated
commodity-flow
method, starting with
manufacturers'
shipments from Census
Bureau annual survey
or, for most recent
year (except aircraft
and trucks), monthly
survey of
manufactures and
including an
adjustment for
exports and imports
from Census Bureau
foreign trade data.
For aircraft,
manufacturers'
shipments from Census
Bureau current
industrial report,
adjusted for exports
and imports. For
trucks, domestic and
North American
imports, physical
quantity purchased
times average retail
price: Unit sales,
information to
allocate sales among
business and other
purchasers, and
average list price,
all from trade
sources; for truck
trailers, shipments
from Census Bureau
current industrial
report.
New and used autos For new autos, see
($41.0) entry for "new autos"
under personal
consumption
expenditures; for
used autos, change in
business stock of
autos at least 1-year
old from trade
source.
Software Benchmark years--For
($183.1) purchased software,
commodity-flow
method, starting with
industry receipts
data from Census
Bureau quinquennial
census and including
an adjustment for
exports and imports
from Census Bureau
foreign trade data;
for own-account
software, production
costs based on BLS
employment data and
on Census Bureau
quinquennial census.
Other years--For
purchased software,
commodity-flow
method, starting with
industry receipts
data from Census
Bureau service annual
survey and including
an adjustment for
exports and imports
from Census Bureau
foreign trade data;
for own-account
software, production
costs based on BLS
employment data or,
for most recent 2
years, private fixed
investment in
computers and
peripheral equipment.
Residential
investment:
($425.1) (5)
Permanent-site new Value put in place
single-family based on phased
housing units housing starts and
($220.7) average construction
cost from Census
Bureau monthly
construction survey.
Permanent-site new Value put in place from
multi-family Census Bureau monthly
housing units construction survey.
($28.1)
Manufactured homes Benchmark years--See
($10.9) entry for "equipment,
except autos" under
nonresidential
equipment and
software.
Other years--Physical
quantity shipped
times price:
Shipments from trade
source and average
retail price from
Census Bureau monthly
survey.
Improvements Expenditures by owner-
($102.4) occupants from BLS
quarterly consumer
expenditure survey
and by landlords from
Census Bureau
quarterly survey of
landlords.
Brokers' commissions Physical quantity times
($55.4) price times BEA
estimate of average
commission rate:
Number of single-
family houses sold
and mean sales price
from Census Bureau
monthly construction
survey and trade
source.
Equipment See entry for "most
($9.4) goods" under personal
consumption
expenditures.
Change in private Manufacturing and Benchmark years--
inventories trade ($48.0) Inventories from
($49.4) Census Bureau
quinquennial censuses
revalued to current
replacement cost,
with information on
the proportions of
inventories reported
using different
accounting methods,
on the commodity
composition of goods
held in inventory,
and on the turnover
period, all from
Census Bureau
quinquennial censuses
and annual surveys,
combined with prices,
largely based on BLS
producer price
indexes. (The
difference between
Census Bureau change
in inventories and
BEA change in private
inventories is the
IVA.)
Other years except most
recent--inventories
from Census Bureau
annual surveys,
revalued as described
above.
Most recent year--For
retail auto dealers,
quantities times
average prices from
trade sources; for
all other,
inventories from
Census Bureau monthly
surveys, revalued as
described above.
Construction, mining, Benchmark years--Mining
utilities, and and construction
other nonfarm inventories from
industries ($3.1) Census Bureau
quinquennial censuses
revalued to current
replacement cost as
described above for
manufacturing and
trade.
Other years except most
recent--Internal
Revenue Service
tabulations of
business tax returns,
revalued as described
above.
Most recent year--
Census Bureau
quarterly survey of
mining corporations,
monthly physical
quantities from the
Energy Information
Administration
combined with BLS
producer price
indexes for electric
utilities, and for
all others,
judgmental trend,
revalued as described
above (except when
noted as physical
quantity times
price).
Farm Changes in physical
(-$1.8) quantities times
current prices from
Department of
Agriculture surveys.
Net exports of goods Exports and imports Estimated as part of
and services of goods, net the international
(-$364.0) (-$459.3) transactions
accounts: Export and
import documents
compiled monthly by
the Census Bureau
with adjustments by
BEA for coverage and
valuation to convert
the data to a
balance-of-payments
basis.
Adjusted for the
balance-of-payments
coverage of U.S.
territories and
Puerto Rico with data
from the Commonwealth
of Puerto Rico, the
U.S. Virgin Islands,
and the Census
Bureau, and coverage
of gold transactions
adjusted with data
from the U. S.
Geological Survey and
trade sources.
Exports and imports Estimated as part of
of services, net the international
($95.4) transactions
accounts: For
government
transactions, reports
by Federal agencies
on their purchases
and sales abroad; for
most others in this
group (including
travel, passenger
fares, other
transportation, and
royalties and license
fees), BEA quarterly
or annual surveys
(supplemented with
data from other
sources). Adjusted
for the balance-of-
payments coverage of
U.S. territories and
Puerto Rico, see
entry above; adjusted
to include financial
services furnished
without payment, see
entry for "imputed--
banks, credit
agencies, and
investment companies"
under net interest,
and adjusted for NIPA
treatment of military
grants.
Government Federal national Perpetual-inventory
consumption defense consumption calculations at
expenditures and of general current cost, based
gross investment government fixed on gross investment
($1,741.0) capital ($63.8) and on investment
prices.
Federal national Within a control total
defense, except established by fiscal
consumption of year analysis: For
general government compensation,
fixed capital military wages from
($311.6) the Budget of the
United States
prepared by the
Office of Management
and Budget, civilian
wages and benefits
from the Office of
Personnel Management,
and other labor
income for Federal
employee retirement
plans from outlays
from the Monthly
Treasury Statements,
for other than
compensation, by
type, based mainly on
data from Department
of Defense reports;
for software, see
entry for "software"
under nonresidential
equipment and
software.
Federal nondefense Perpetual-inventory
consumption of calculations at
general government current cost, based
fixed capital on gross investment
($26.6) and on investment
prices.
Federal nondefense, Within a control total
except consumption established by fiscal
of general year analysis: For
government fixed Commodity Credit
capital ($188.2) Corporation inventory
change, book values
of acquisitions and
physical quantities
of dispositions from
agency reports times
average market prices
from the Department
of Agriculture; for
compensation,
civilian wages and
benefits from the
Office of Personnel
Management and other
labor income for
Federal employee
retirement plans from
outlays from the
Monthly Treasury
Statement, for
petroleum sales Naval
Petroleum Reserve),
distribution and
price data from the
Department of Energy;
for research and
development,
obligations from the
National Science
Foundation and
disbursements from
the National
Aeronautics and Space
Administration; for
construction, value
put in place from
Census Bureau monthly
construction survey;
for software, see
entry for "software"
under nonresidential
equipment and
software; for all
others, outlays from
the Monthly Treasury
Statement.
For financial services
furnished without
payment, see entry
for "imputed--banks,
credit agencies, and
investment companies"
under net interest.
State and local For wages and salaries,
compensation of BLS annual
general government tabulations of wages
employees, except and salaries of
own-account employees covered by
investment ($661.8) State unemployment
insurance; for
employer
contributions for
social insurance,
tabulations from the
Social Security
Administration and
other agencies
administering social
insurance programs;
for other labor
income, trade
sources, Health Care
Financing
Administration,
Census Bureau annual
surveys of State and
local government
retirement funds,
adjusted to a
calendar year basis
from a fiscal year
basis and Census
Bureau annual surveys
of State and local
governments, adjusted
to a calendar year
basis from a fiscal
year basis.
State and local Value of construction
structures ($165.0) put in place from
Census Bureau monthly
construction survey.
State and local See entry for
software ($16.4) "software" under
nonresidential
equipment and
software.
State and local See entries for
brokerage charges "brokerage charges"
and financial and "financial
services furnished services furnished
without payment without payment"
($14.3) under personal
consumption
expenditures for
services.
State and local Perpetual-inventory
consumption of calculations at
general government current cost, based
fixed capital on gross investment
($89.8) and on investment
prices.
State and local Years except 3 most
consumption recent--Total
expenditures and expenditures from
gross investment, Census Bureau
except quinquennial census
compensation, and annual surveys of
structures, State and local
software, brokerage governments,
charges and selectively replaced
financial services with source data that
furnished without are more appropriate
payment, and for the NIPA's and
consumption of adjusted as follows:
fixed capital For coverage; for
($203.5) netting and grossing
differences; to a
calendar year basis
from a fiscal year
basis; for other
timing differences;
to exclude interest,
subsidies, net
expenditures of
government
enterprises, and
transfer payments;
and to exclude
compensation and
structures.
Three most recent
years--Judgmental
trend.
Compensation of Wage and salary For most industries,
employees accruals: Private BLS annual
($5,715.2) (6) industries tabulations of wages
($4,068.8) and salaries of
employees covered by
State unemployment
insurance; for
others, wages from a
variety of sources
(such as the
Department of
Agriculture for farms
and the Railroad
Retirement Board for
railroad
transportation),
adjusted for
understatement of
income on tax returns
and for coverage
differences.
Wage and salary For civilians, wages
accruals: Federal from the Office of
Government Personnel Management;
($195.6) for military
personnel, wages from
the Budget of the
United States
prepared by the
Office of Management
and Budget.
Wage and salary BLS annual tabulations
accruals: State of wages and salaries
and local of employees covered
governments by State unemployment
($572.9) insurance.
Employer Tabulations from the
contributions for Social Security
social insurance Administration and
($343.8) other agencies
administering social
insurance programs.
Other labor income: Years except 3 most
Group health recent--Total
insurance contributions from
($300.1) the Health Care
Financing
Administration less
employee
contributions from
BLS consumer
expenditure survey.
Third most recent
year--Employer costs
for health insurance
from Department of
Health and Human
Services survey.
Two most recent
years--BLS employer
costs for employee
health insurance and
wages and salaries
from annual
tabulations of
employees covered by
State unemployment
insurance.
Other labor income: Years except most
Government employee recent--For Federal
retirement plans plans, outlays from
($113.5) the Monthly
Treasury Statements,
for State and local
government plans,
Census Bureau annual
surveys of State and
local government
retirement funds
adjusted to a
calendar year basis
from a fiscal year
basis.
Most recent year--For
Federal plans, same
as years except most
recent; for State and
local government
plans, Census Bureau
annual surveys of
State retirement
funds, adjusted to a
calendar year basis
from a fiscal
year basis.
Other labor income: Years except 2 most
Private pension recent--Tabulations
and profit-sharing from the Department
($69.8) of Labor.
Two most recent
years--Employer costs
for employee
compensation from
BLS or Internal
Revenue Service
tabulations of
business tax returns.
Other labor income: Years except most
Workers' recent--Employer
compensation contributions from
($33.7) trade sources
and contributions for
self-insured plans
from the Social
Security
Administration.
Most recent year--
Judgmental trend.
Other labor income: Years except most
Group life recent--Group
insurance premiums and
($12.4) estimates of employer
share from trade
sources.
Most recent year--
Judgmental trend.
Proprietors' income Farm income with IVA Department of
with IVA and CCAdj ($38.2) Agriculture data on
($715.0) net income, obtained
by deriving gross
income (cash receipts
from marketing,
inventory change,
government payments,
other cash income,
and nonmoney income)
and subtracting
production expenses,
adjusted to exclude
corporate income
based on Department
of Agriculture
quinquennial census
and annual survey
data.
Farm CCAdj See entry for "CCAdj"
(-$7.6) under consumption of
fixed capital.
Nonfarm income Years except most
($625.9) recent--Income from
Internal Revenue
Service tabulations
of business t
tax returns, adjusted
for understatement of
income on tax returns
and for conceptual
differences.
Most recent year--For
construction, trade,
and services,
indicators of
activity (such as
value of housing put
in place); for most
others, judgmental
trend.
Nonfarm IVA See entry for "IVA"
(-$1.1) under corporate
profits with IVA and
CCAdj.
Nonfarm CCAdj See entry for "CCAdj"
($59.6) under consumption of
fixed capital.
Rental income of Owner-occupied Benchmark years--
persons nonfarm housing Derived as space rent
($141.6) ($138.3) (see entry for
"nonfarm dwellings"
under personal
consumption
expenditures) less
related expenses,
including property
insurance from trade
source; mortgage
interest and property
taxes from Census
Bureau decennial
survey of residential
finance.
Other years--Same as
benchmark years,
except mortgage
interest, based
on mortgage debt from
the Federal Reserve
Board times a BEA
interest rate, and
property taxes from
Census Bureau annual
surveys of State
and local tax
collections.
Tenant-occupied Same as owner-occupied
nonfarm housing nonfarm housing,
($45.9) adjusted to cover
only rental income
accruing to persons
not primarily engaged
in the real estate
business from Census
Bureau decennial
survey of residential
finance.
Farms owned by Prepared in conjunction
nonoperator with farm
landlords proprietors' income;
($6.6) see entry for "farm
income with IVA"
under proprietors'
income with IVA and
CCAdj.
Nonfarm Benchmark years--
nonresidential Nonfarm
properties nonresidential fixed
($2.6) assets from BEA
capital stock series
times a rate of
return on capital
based on Internal
Revenue Service
tabulations of
business tax returns.
Other years--BEA
capital stock series
and judgmental trend.
Royalties Years except most
($9.2) recent--internal
Revenue Service
tabulations of
royalties reported on
individual income tax
returns.
Most recent year--
Judgmental trend.
CCAdj See entry for "CCAdj"
(-$61.0) under consumption of
fixed capital.
Corporate profits Domestic profits Years except most
with IVA and CCAdj before tax recent--Receipts less
($876.4) ($708.6) deductions from
Internal Revenue
Service tabulations
of business tax
returns, adjusted for
understatement of
income on tax returns
and for conceptual
differences.
Most recent year--
Profits from Census
Bureau quarterly
survey of corporate
profits, regulatory
agency reports, and
compilations of
publicly available
corporate financial
statements.
Rest-of-the-world Estimated as part of
profits before tax the international
($136.8) transactions
accounts: For direct
investment income,
BEA surveys; for
portfolio income,
Treasury Department
surveys. Adjusted for
NIPA coverage of U.S.
territories and
Puerto Rico--see
entry for "exports
and imports of goods,
net," under net
exports of goods and
services.
IVA The IVA on the income
(-$12.4) side (for
corporations and for
nonfarm sole
proprietorships and
partnerships) and the
IVA on the product
side (described under
the entry for "change
in private
inventories") differ
because the source
data reflect
different proportions
of inventories
reported using
different accounting
methods (last-in,
first-out (LIFO),
etc.). The income-
side IVA is based on
the product-side IVA,
adjusted by the
relationship between
non-LIFO inventories
from Internal Revenue
Service tabulations
of business tax
returns and non-LIFO
inventories from the
Census Bureau.
CCAdj See entry for "CCAdj"
($43.4) under consumption of
fixed capital.
Net interest Domestic monetary, Years except most
($532.7) net ($187.4) recent--For farm
interest paid,
Department of
Agriculture surveys;
for residential
mortgage interest
paid, Census Bureau
decennial survey of
residential finance
and mortgage debt
from the Federal
Reserve Board times
a BEA interest rate;
for most other
interest paid and
received by business,
Internal Revenue
Service tabulations
of business tax
returns, adjusted for
misreporting on tax
returns and for
conceptual
differences.
Most recent year--For
farm and mortgage
interest paid, same
as other years; for
other interest,
interest receipts and
payments from
regulatory agencies
(such as the Federal
Deposit Insurance
Corporation), from
trade sources, or
obtained by applying
BEA interest rates to
interest-bearing
assets/liabilities
from Federal Reserve
Board flow-of-funds
accounts.
Rest-of-the-world Estimated as part of
monetary, net the international
(-$122.6) transactions
accounts: For direct
investment income,
BEA surveys; for
portfolio income,
Treasury Department
surveys. Adjusted for
NIPA coverage of U.S.
territories and
Puerto Rico--see
entry for "exports
and imports of goods,
net," under net
exports of goods and
services.
Imputed--banks, Property income earned
credit agencies, on investment of
and investment deposits less
companies ($275.1) monetary interest
paid to depositors
(and for mutual
depositories, profits
from Internal
Revenue Service
tabulations of
business tax returns)
from annual reports
of regulatory
agencies and the
Federal Reserve
Board. Imputed
interest (financial
services furnished
without payment) is
allocated to persons,
government, and the
rest of the world on
the basis of deposit
liabilities from the
same sources.
Imputed--life Property income earned
insurance carriers and profits from
($192.8) Internal Revenue
Service tabulations
Business transfer of business tax
payments returns, trade
($43.9) sources, and the
Federal Reserve
Board.
Payments to persons:
For charitable
contributions, for
years except most
recent, Internal
Revenue Service
tabulations of
business tax returns
or, for most recent
year, judgmental
trend; for other
components (such as
liability payments
for personal injury),
for years except most
recent, information
from government
agency reports and
trade sources or, for
most recent year,
judgmental trend.
Payments to the rest
of the world:
Estimated as part of
the international
transactions
accounts.
Indirect business Federal Government For excise taxes,
nontax liability ($111.2) collections from the
($762.7) Bureau of Alcohol,
Tobacco, and Firearms
and the Internal
Revenue Service; for
customs duties,
receipts from the
Monthly Treasury
Statement, and for
nontaxes (such as
fines), receipts from
the Budget of the
United States
prepared by the
Office of Management
and Budget.
State and local Receipts from Census
governments Bureau quinquennial
($651.5) census and annual
surveys, adjusted to
a calendar year basis
from a fiscal year
basis.
Subsidies less Federal Government For subsidies, payments
current surplus ($46.8) by the Commodity
of government Credit Corporation
enterprises from agency reports
($37.6) and, for most other
agencies, outlays
from the Monthly
Treasury Statement,
for current surplus,
mainly reports of
various agencies,
such as the Postal
Service, and
consumption of fixed
capital estimates
derived with
perpetual-inventory
calculations at
current cost, based
on gross investment
and on investment
prices.
State and local For subsidies, limited
governments to railroad, Census
(-$9.2) Bureau annual surveys
of expenditures
adjusted to a
calendar year basis
from a fiscal year
basis. For current
surplus: For current
operating receipts,
mainly revenue data
from Census Bureau
annual surveys of
State and local
governments,
adjusted to a
calendar year from a
fiscal year basis;
for current operating
expenditures, see
entries for "State
and local consumption
of general government
fixed capital" and
"State and local
consumption
expenditures and
gross investment,
except compensation,
structures, software,
brokerage charges and
financial services
furnished without
payment, and
consumption of fixed
capital" under
Government
consumption
expenditures and
gross investment.
Consumption of fixed Government:
capital ($211.3)
($1,241.3)
General government Perpetual-inventory
($180.1) calculations at
current cost, based
on gross investment
and on investment
prices.
Government enterprise Perpetual-inventory
(31.2) calculations at
current cost, based
on gross investment
and on investment
prices.
Private: Perpetual-inventory
($1,029.9) calculations at
current cost, based
on gross investment
and on investment
prices.
Capital consumption Years except most
allowances recent--For
($1,056.3) depreciation of
corporations and of
nonfarm sole
proprietorships and
partnerships,
Internal Revenue
Service tabulations
of business tax
returns, adjusted for
conceptual
differences; for
other depreciation
(including
noncorporate farms,
nonprofit
institutions, and
owner-occupied
houses), perpetual-
inventory
calculations based on
investment at
acquisition cost; for
accidental damage to
fixed capital, losses
reported to insurance
companies and
government agencies.
Most recent year--For
depreciation of
corporations and
nonfarm sole
proprietorships and
partnerships, BEA
estimates of tax-
return-based
depreciation; for
other depreciation
and accidental damage
to fixed capital,
same as years except
most recent.
Less: CCAdj For corporations and
($26.4) nonfarm sole
proprietorships and
partnerships, the
difference between
tax-return-based
calculations and
perpetual-inventory
calculations; for
others (including
noncorporate farms,
nonprofit
institutions, and
owner-occupied
houses), the
difference
between perpetual-
inventory
calculations at
historical cost and
current cost.
Component Subcomponent Advance quarterly
(billions of dollars) (billions of dollars) estimates: Source data
and methods used to
prepare an extrapolator
Personal consumption Durable and
expenditures nondurable goods:
($6,728.4) ($2,809.2) (1)
Most goods (except Same as annual for
sub-components other years.
listed separately)
($2,343.7)
New autos Same as annual for
($105.0) other years.
Net purchases of For net transactions,
used autos ($59.1) residual based on net
sales by other
sectors. For dealers'
margin, judgmental
trend.
New trucks Same as annual for most
($113.4) recent year.
Gasoline and oil (2) Same as annual for most
($165.3) recent year.
Food furnished to For commercial
employees employees, same as
(including annual for other
military) ($9.4) years; for military
personnel, judgmental
trend.
Expenditures abroad Judgmental trend.
by U.S. residents
($3.3) less
personal
remittances in kind
to nonresidents
($2.0)
Services:
($3,919.2)
Nonfarm dwellings-- For housing stock,
space rent for judgmental trend; for
owner-occupied and average rent, BLS
rent for tenant- consumer price index
occupied ($912.0) for rent.
Rental value of farm Judgmental trend.
dwellings ($7.7)
Motor vehicle repair, For nursing homes,
rental and other research
services; other organizations and
repair services; foundations,
other purchased employment agency
intercity fees, and clubs and
transportation; fraternal
legal and funeral organizations, wages
services; and salaries derived
barbershops, beauty from BLS monthly
parlors, and health employment times
clubs; nursing earnings times hours;
homes; laundries; for commercial
employment agency business, trade, and
fees; accounting correspondence
and tax return schools, and for
preparation education services
services; not elsewhere
recreation (except classified,
cable TV, casino employment times BLS
gambling, consumer price index
parimutuel net for technical and
receipts, business school
lotteries, and tuition and fees; for
computer online legitimate theaters
services); hotels and motion pictures,
and motels; receipts from trade
commercial sources; for radio
business, trade, and TV repair, number
and correspondence of TV's based on
schools; stock and sales from
educational trade source times
services not BLS consumer price
elsewhere index for video and
classified; audio; for hotels and
research motels, rooms rented
organizations and times average price
foundations per room from trade
($620.0) source; for others in
this group.
judgmental trend.
Physicians, dentists, For physicians and
and other dentists, judgmental
professional trend; for other
medical services professional medical
($454.1) services, wages and
salaries derived from
BLS monthly
employment times
earnings times hours.
Private nursery For political
schools, elementary organizations and
schools, day care, foundations,
welfare activities, judgmental trend; for
political elementary and
organizations, secondary schools,
foundations, and employment times BLS
trade unions and consumer price index
professional for all items; for
associations others in this group,
($190.7) wages and salaries
derived from BLS
monthly employment
times earnings times
hours.
Financial services Judgmental trend.
furnished without
payment by banks,
credit agencies,
and investment
companies (3)
($265.4)
Brokerage charges and For stock brokerage
investment charges, stock
counseling, bank exchange transactions
service charges, from trade sources;
intercity for income from sales
transportation of investment company
except other, and securities, sales of
private higher open-end investment
education company shares from
($232.0) trade source; for
other brokerage
charges and
investment counseling
and for bank services
charges, judgmental
trend; for intercity
transportation,
receipts from trade
sources; for private
higher education,
employment times BLS
consumer price index
for all items.
Domestic service Judgmental trend.
($16.0)
Public education and Judgmental trend.
hospitals, water
and other sanitary
services, and
lotteries ($191.5)
Insurance, private For life insurance,
hospitals, hospitals, and
religious religious activities,
activities, cable wages and salaries
TV, electricity, derived from BLS
natural gas, monthly employment
telephone, and times earnings times
local transport hours; for cable TV,
($893.1) number of cable TV
and direct broadcast
satellite subscribers
from trade source;
for electricity and
gas, projected
quantities based on
degree-day data from
the National Oceanic
and Atmospheric
Administration times
prices based on BLS
consumer price
indexes for
electricity and gas;
for cellular
telephone, number of
subscribers from
trade source times
BLS consumer price
index for cellular
telephone service;
for others in this
group, judgmental
trend.
Foreign travel by Same as annual.
U.S. residents
($80.7) less
expenditures in the
United States by
nonresidents
($97.9)
Other services: For casino gambling,
Casino gambling; receipts from State
motor vehicle agencies; for motor
leasing; parimutuel vehicle leasing,
net receipts; other number of leased
housing except vehicles based on
hotels and motels; registrations and
bridge, etc. tolls; terms from trade
other household source, and lease
operation except payments based on new
repairs and vehicle prices, BEA
insurance; travel depreciation
and entertainment schedules, and
card fees; Federal Reserve Board
stenographic and interest rates on new
reproduction motor vehicle loans;
services; money for others in this
orders and group, judgmental
classified trend.
advertising; and
computer online
services ($154.0)
Nonresidential
Fixed investment structures:
($1,718.1) ($313.6) (4)
Utilities: Same as annual.
Telecommunications
($18.8)
Utilities: Other Judgmental trend.
($32.8)
Mining exploration, For petroleum and
shafts, and wells natural gas, same as
($27.6) annual for most
recent year; for
mining, judgmental
trend.
Industrial buildings Same as annual for
($30.2) other years.
Other nonfarm Same as annual for
buildings and other years.
structures
($198.2)
Farm buildings Value put in place from
($5.2) Census Bureau monthly
construction survey.
Nonresidential
equipment and
software:
($979.5)
Equipment, except For trucks, see entry
autos ($755.4) for "new trucks"
under personal
consumption
expenditures; for
others in this group,
same as annual for
other years but
with less detail.
New and used autos For new autos, same as
($41.0) annual; for used
autos, judgmental
trend.
Software For purchased software,
($183.1) receipts from company
reports to the
Securities and
Exchange Commission
and retail sales of
business software
from trade sources;
for own-account
software, same as
annual for most
recent 2 years.
Residential
investment:
($425.1) (5)
Permanent-site new Same as annual.
single-family
housing units
($220.7)
Permanent-site new Same as annual.
multi-family
housing units
($28.1)
Manufactured homes Same as annual for
($10.9) other years.
Improvements Judgmental trend.
($102.4)
Brokers' commissions Same as annual.
($55.4)
Equipment Same as annual.
($9.4)
Change in private Manufacturing and Same as annual for most
inventories trade ($48.0) recent year.
($49.4)
Construction, mining, For electric utilities,
utilities, and same as annual for
other nonfarm most recent year;
industries ($3.1) for all others,
judgmental trend.
Farm For crops, BEA
(-$1.8) quarterly allocation
of Department of
Agriculture annual
projections of crop
output and cash
receipts; for
livestock, Department
of Agriculture
quarterly data.
Net exports of goods Exports and imports For territorial
and services of goods, net adjustment and
(-$364.0) (-$459.3) coverage of gold,
judgmental trend; for
all other, same as
annual.
Exports and imports For territorial
of services, net adjustment,
($95.4) judgmental trend; for
all others, same as
annual.
Government Federal national Same as annual.
consumption defense consumption
expenditures and of general
gross investment government fixed
($1,741.0) capital ($63.8)
Federal national For components of
defense, except compensation,
consumption of military employment
general government from the Department
fixed capital of Defense and
($311.6) civilian employment
from BLS; for other
than compensation,
same as annual; for
software, see entry
for "software" under
nonresidential
equipment and
software.
Federal nondefense Same as annual.
consumption of
general government
fixed capital
($26.6)
Federal nondefense, For components of
except consumption compensation,
of general employment from BLS;
government fixed for software, see
capital ($188.2) entry for "software"
under nonresidential
equipment and
software; for other
than compensation and
software, same as
annual.
State and local For wages and salaries,
compensation of derived from BLS
general government monthly employment
employees, except times earnings from
own-account BLS employment cost
investment ($661.8) index; for other
compensation,
judgmental trend.
State and local Same as annual.
structures ($165.0)
State and local See entry for
software ($16.4) "software" under
nonresidential
equipment and
software.
State and local See entries for
brokerage charges "brokerage charges"
and financial and "financial
services furnished services furnished
without payment without payment"
($14.3) under personal
consumption
State and local expenditures
consumption of for services.
general government
fixed capital
($89.8)
State and local
consumption
expenditures and
gross investment,
except
compensation,
structures,
software, brokerage
charges and
financial services
furnished without
payment, and
consumption of
fixed capital
($203.5)
Compensation of Wage and salary For most industries,
employees accruals: Private wages and salaries
($5,715.2) (6) industries derived from BLS
($4,068.8) monthly employment
times earnings times
hours; for others,
judgmental trend.
Wage and salary For civilians,
accruals: Federal employment from
Government BLS and judgmental
($195.6) trend; for military
personnel, employment
from the Department
of Defense and
judgmental trend.
Wage and salary Derived from BLS
accruals: State monthly employment
and local times earnings
governments from BLS employment
($572.9) cost index.
Employer For Federal programs,
contributions for BEA-derived wages and
social insurance salaries of employees
($343.8) covered by the
programs; for State
and local
government programs,
judgmental trend.
Other labor income: Judgmental trend.
Group health
insurance
($300.1)
Other labor income: For Federal plans, same
Government employee as annual for most
retirement plans recent year; for
($113.5) State and local
government plans,
judgmental trend.
Other labor income: Judgmental trend.
Private pension
and profit-sharing
($69.8)
Other labor income: Judgmental trend.
Workers'
compensation
($33.7)
Other labor income: Judgmental trend.
Group life
insurance
($12.4)
Proprietors' income Farm income with IVA For crops, BEA
with IVA and CCAdj ($38.2) quarterly allocation
($715.0) of Department of
Agriculture annual
projections of crop
output; for
livestock, Department
of Agriculture
quarterly projections
of cash receipts and
inventories; for
both crops and
livestock, quarterly
allocation of
Department of
Agriculture annual
projections of
government subsidy
payments and
production expenses.
Farm CCAdj
(-$7.6)
Nonfarm income Same as annual for most
($625.9) recent year.
Nonfarm IVA
(-$1.1)
Nonfarm CCAdj
($59.6)
Rental income of Owner-occupied For owner-occupied
persons nonfarm housing space rent, same as
($141.6) ($138.3) annual; for
depreciation,
interest, closing
costs, real estate
dealers' commissions,
and taxes, based on
NIPA estimates of
those components; for
other expenses.
judgmental trend.
Tenant-occupied Same as annual.
nonfarm housing
($45.9)
Farms owned by Judgmental trend.
nonoperator
landlords
($6.6)
Nonfarm Judgmental trend.
nonresidential
properties
($2.6)
Royalties Judgmental trend.
($9.2)
CCAdj
(-$61.0)
Corporate profits Domestic profits For some industries in
with IVA and CCAdj before tax transportation and in
($876.4) ($708.6) finance, judgmental
trend; for others,
same as annual for
most recent year.
(Released at time
of preliminary
estimate of GDP for
the first, second,
and third quarters
and of final estimate
for the fourth
quarter.)
Rest-of-the-world Same as annual.
profits before tax (Released on same
($136.8) schedule as domestic
profits before tax.)
IVA Same as annual.
(-$12.4)
CCAdj
($43.4)
Net interest Domestic monetary, Derived by combining
($532.7) net ($187.4) estimates of (1)
interest received by
persons, (2)
government interest
paid and received,
and (3) interest paid
by persons. For (1),
judgmental trend; for
(2), Monthly Treasury
Statement for Federal
and judgmental trend
for State and local;
for (3), consumer
debt from the Federal
Reserve Board times
BEA estimates of
interest rates.
(Released on same
schedule as domestic
profits before tax.)
Rest-of-the-world Same as annual.
monetary, net (Released on same
(-$122.6) schedule as domestic
profits before tax.)
Imputed--banks, Judgmental trend.
credit agencies,
and investment Judgmental trend.
companies ($275.1) (Released on same
schedule as domestic
profits before tax.
Imputed--life Judgmental trend.
insurance carriers
($192.8)
Business transfer
payments
($43.9)
Indirect business Federal Government For customs duties,
nontax liability ($111.2) Monthly Treasury
($762.7) Statement;, for most
excise taxes, derived
from indicators of
activity (such as
gasoline production
for gasoline tax);
for others in this
group, judgmental
trend.
State and local Judgmental trend.
governments
($651.5)
Subsidies less Federal Government For subsidies,
current surplus ($46.8) Commodity Credit
of government Corporation reports
enterprises and judgmental trend;
($37.6) for current surplus,
judgmental trend and
consumption of fixed
capital estimates
derived with
perpetual-inventory
calculations at
current cost, based
on gross investment
and on investment
prices.
State and local Judgmental trend.
governments
(-$9.2)
Consumption of fixed Government:
capital ($211.3)
($1,241.3)
General government Same as annual.
($180.1)
Government enterprise Same as annual.
(31.2)
Private: Same as annual.
($1,029.9)
Capital consumption Judgmental trend.
allowances
($1,056.3)
Less: CCAdj Judgmental trend.
($26.4)
(1.) Includes $12.0 billion for food produced and consumed on farms,
standard clothing issued to military personnel, and used trucks.
(2.) The retail-control method cited under "personal consumption
expenditures (PCE) for most goods" is based on retail trade sales data
that include sales of gasoline service stations. Estimates of PCE for
gasoline and oil are derived separately and are deducted from the
retail-control totals (that include goods sold by gasoline service
stations) to derive the estimates for "PCE for most goods."
(3.) Also referred to as "services furnished without payment by
financial intermediaries, except life insurance carriers."
(4.) Includes $0.7 billion for brokers' commissions on sale of
structures and net purchases of used structures.
(5.) Includes -$1.8 billion for other structures (dormitories,
fraternity and sorority houses, nurses' homes, etc.)
and net purchases of used structures.
(6.) Includes -$5.2 billion for "wage and salary accruals: rest of the
world, net," and $4.7 billion for "other labor income: supplemental
unemployment, directors' fees, and judicial fees."
BLS Bureau of Labor Statistics
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
NIPA National income and product account
Source: 2000 estimates--SURVEY OF CURRENT BUSINESS, August 2001.
Table 2.--Methodology Used in Preparing Estimates of Real GDP
Deflation, using price
based on--
Component Subcomponent Components of
CPI or PPI
Personal Durable and nondurable
consumption goods:
expenditures
Most goods (except Except as noted,
subcomponents listed CPI; military
separately). clothing, PPI
New autos CPI
Net purchases of used ...
autos
New trucks CPI
Gasoline and oil CPI
Food furnished to CPI
employees (including
military).
Expenditures abroad by ...
U.S. residents less
personal remittance in
kind to nonresidents.
Services:
Nonfarm dwellings--space CPI
rent for owner-
occupied and rent for
tenant-occupied.
Rental value of farm ...
dwellings
Motor vehicle repair, Except as noted,
rental and other CPI; private for-
services; other repair profit nursing
services; other homes and
purchased intercity employment
transportation; legal agency fees, PPI
and funeral services;
barbershops, beauty
parlors, and health
clubs; nursing homes;
laundries; employment
agency fees;
accounting and tax
return preparation
services; recreation
(except cable TV,
casino gambling,
parimutuel net
receipts, lotteries,
and computer online
services); hotels and
motels; commercial
business, trade, and
correspondence
schools; educational
services not elsewhere
classified; research
organizations and
foundations.
Physicians, dentists, Except as noted,
and other professional CPI; physicians,
medical services. home health
care, and medi-
cal laboratories,
PPI
Private nursery schools ...
elementary and
secondary schools, day
care, welfare
activities, political
organizations,
foundations, and trade
unions and
professional
associations.
Financial services ...
furnished without
payment by banks,
credit agencies, and
investment
companies. (1)
Brokerage charges and Except as noted,
investment counseling, CPI
bank service charges,
intercity
transportation except
other, and private
higher education.
Domestic service CPI
Public education and Except as noted,
hospitals, water and CPI; public
other sanitary hospitals, PPI
services, and
lotteries.
Insurance, private Except as noted,
hospitals, religious CPI; private for-
activities, cable TV, profit hospitals,
electricity, natural PPI
gas, telephone, and
local transport.
Foreign travel by U.S. Expenditures in the
residents less United States,
expenditures in the CPI
United States by
nonresidents.
Other services: Casino Except as noted,
gambling; motor CPI
vehicle leasing;
parimutuel net
receipts; other
housing except hotels
and motels; bridge,
etc., tolls; other
household operation
except repairs and
insurance; travel and
entertainment card
fees; stenographic and
reproduction services;
money orders and
classified
advertising; and
computer online
services.
Fixed Investment Nonresidential
structures:
Utilities Gas and petroleum
pipelines, PPI
Mining exploration, Casing, oil and gas
shafts, and wells. well drilling, oil
and gas field
services, and
geophysical
exploration, PPI
Nonfarm buildings and ...
structures.
Farm buildings ...
Nonresidential equipment
and software:
Equipment, except autos, Domestic compo-
telephone and nents, except as
telegraph noted, PPI;
installation, imported trans-
telephone switching portation
equipment, and equipment, PPI
telephone and
telegraph apparatus.
New and used autos New autos, CPI
Telephone and telegraph ...
installation.
Telephone switching ...
equipment.
Telephone and telegraph ...
apparatus.
Software Prepackaged
software, PPI
Residential investment:
Permanent-site new ...
single-family housing
units.
Permanent-site new ...
multi-family housing
units.
Manufactured homes PPI
Improvements ...
Brokers' commissions PPI
Equipment CPI
Change in private
inventories
Nonfarm: Purchased Except as noted,
goods, all industries. PPI
Nonfarm: Work-in-process Except as noted,
and finished goods, PPI
manufacturing.
Farm ...
Net exports of
goods and
services (2)
Exports and imports of Gold; semi-
goods. (2) conductor ex-
ports, selected
transportation
equipment; se-
lected agricul-
tural foods,
feeds, and
beverages; and
selected
imports of
refined
petroleum, PPI
Exports and imports of Travel receipts,
services. (2) medical
receipts, and
nonresident
students' expen-
ditures, CPI;
selected other
transportation,
PPI
Government
consumption
expenditures
and gross
investment
Federal national defense ...
consumption of general
government fixed
capital.
Federal national Selected goods,
defense, except PPI; utilities and
consumption of general communica-
government fixed tions, CPI and
capital. PPI
Federal nondefense ...
consumption of general
government fixed
capital.
Federal nondefense, Most goods, PPI;
except consumption of rent, utilities,
general government and communi-
fixed capital. cations, CPI
State and local ...
compensation of
general government
employees, except
own-account
investment.
State and local ...
structures
State and local software ...
State and local ...
brokerage charges and
financial services
furnished without
payment.
State and local
consumption of general
government fixed
capital.
State and local Services, except as
consumption noted, CPI;
expenditures and gross electricity, hos-
investment, except pitals, most
compensation, professional
structures, software, services, and
brokerage charges and goods, except
financial services as noted, PPI
furnished without
payment, and
consumption of fixed
capital.
Deflation, using price
based on--
Component Subcomponent Other
Personal Durable and nondurable
consumption goods:
expenditures
Most goods (except
subcomponents listed
separately).
New autos
Net purchases of used ...
autos
New trucks
Gasoline and oil
Food furnished to
employees (including
military).
Expenditures abroad by Foreign consumer price
U.S. residents less indexes (exchange-rate
personal remittance in adjusted).
kind to nonresidents.
Services:
Nonfarm dwellings--space
rent for owner-
occupied and rent for
tenant-occupied.
Rental value of farm ...
dwellings
Motor vehicle repair, Private nonprofit
rental and other nursing homes,
services; other repair composite index of
services; other input prices from the
purchased intercity Health Care Financing
transportation; legal Administration; clubs
and funeral services; and fraternal
barbershops, beauty organizations, and
parlors, and health nonprofit research and
clubs; nursing homes; foundation expenses,
laundries; employment BEA composite indexes
agency fees; of input prices.
accounting and tax
return preparation
services; recreation
(except cable TV,
casino gambling,
parimutuel net
receipts, lotteries,
and computer online
services); hotels and
motels; commercial
business, trade, and
correspondence
schools; educational
services not elsewhere
classified; research
organizations and
foundations.
Physicians, dentists,
and other professional
medical services.
Private nursery schools BEA composite indexes of
elementary and input prices.
secondary schools, day
care, welfare
activities, political
organizations,
foundations, and trade
unions and
professional
associations.
Financial services Investment companies
furnished without "total deductions,"
payment by banks, BEA composite index of
credit agencies, and input prices.
investment
companies. (1)
Brokerage charges and Airline transportation,
investment counseling, BEA index based on
bank service charges, revenue per passenger
intercity mile from the
transportation except Department of
other, and private Transportation and
higher education. trade source and CPI
for airline fares;
private higher
education, BEA
composite index of
input prices.
Domestic service
Public education and
hospitals, water and
other sanitary
services, and
lotteries.
Insurance, private Life insurance and
hospitals, religious religious activities,
activities, cable TV, BEA composite indexes
electricity, natural of input prices;
gas, telephone, and private nonprofit
local transport. hospitals, composite
indexes of input
prices from the Health
Care Financing
Administration.
Foreign travel by U.S. Foreign travel, BEA
residents less composite index of
expenditures in the foreign consumer price
United States by indexes (exchange-rate
nonresidents. adjusted).
Other services: Casino Auto and truck leasing,
gambling; motor BEA index based on
vehicle leasing; CPI's for new vehicles
parimutuel net and Federal Reserve
receipts; other Board interest rates
housing except hotels on new-car loans by
and motels; bridge, auto finance
etc., tolls; other companies.
household operation
except repairs and
insurance; travel and
entertainment card
fees; stenographic and
reproduction services;
money orders and
classified
advertising; and
computer online
services.
Fixed Investment Nonresidential
structures:
Utilities Telecommunications, cost
index from trade
source; railroads, BEA
price index; other,
cost indexes from
trade sources and
government agencies.
Mining exploration, Mines, implicit price
shafts, and wells. deflator for nonfarm
nonresidential
buildings.
Nonfarm buildings and Buildings, BEA index
structures. based on cost index
from trade source and
on Census Bureau price
deflator for single-
family houses under
construction;
structures, cost
indexes from
government agencies.
Farm buildings Implicit price deflator
for nonfarm
nonresidential
buildings.
Nonresidential equipment
and software:
Equipment, except autos, Imported, components,
telephone and except transportation
telegraph equipment, BLS import
installation, price indexes.
telephone switching
equipment, and
telephone and
telegraph apparatus.
New and used autos ...
Telephone and telegraph BEA cost index.
installation.
Telephone switching BEA price index.
equipment.
Telephone and telegraph BEA price index.
apparatus.
Software Own-account and custom
software, BEA cost
index, BLS employment
cost index, and PPI.
Residential investment:
Permanent-site new Census Bureau price
single-family housing deflator for single-
units. family houses
under construction.
Permanent-site new BEA price index.
multi-family housing
units.
Manufactured homes
Improvements Major replacements, BEA
composite index of
input prices;
additions and
alterations, BEA index
based on Census Bureau
price deflator for
single-family houses
under construction and
BEA index for major
replacements.
Brokers' commissions
Equipment
Change in private
inventories
Nonfarm: Purchased Crude petroleum,
goods, all industries. composite price from
the Energy
Information
Administration;
imported goods
purchased by trade
industries, BLS import
price indexes.
Nonfarm: Work-in-process BEA indexes of unit
and finished goods, labor cost.
manufacturing.
Farm Department of
Agriculture average
market price.
Net exports of
goods and
services (2)
Exports and imports of BLS export and import
goods. (2) price indexes;
electric energy
exports and imports,
and petroleum imports,
unit-value indexes
based on Census Bureau
values and quantities.
Exports and imports of Military transfers and
services. (2) direct defense
expenditures abroad,
selected deflators
for "Federal national
defense, except
consumption of general
government fixed
capital" (see below);
passenger fares, BLS
export and import
price indexes;
travel payments for
miscellaneous
services, and U.S.
students' expenditures
abroad, BEA composite
index of foreign
consumer price indexes
(exchange-rate
adjusted); selected
other transportation,
BLS export and
import price indexes;
royalties and fees,
and other private
services, BEA price
indexes, CPI, PPI,
and implicit price
deflator for final
sales to domestic
purchasers.
Government
consumption
expenditures
and gross
investment
Federal national defense ...
consumption of general
government fixed
capital.
Federal national Some goods, some
defense, except services, and most
consumption of general military structures,
government fixed BEA indexes based on
capital. Department of
Defense prices paid;
some services, BLS
monthly earnings;
nonmilitary
structures, cost
indexes from trade
sources and
government agencies;
own-account software,
BEA index derived from
nondefense
compensation; custom
software, BEA index
derived from
nondefense
compensation price
index and PPI.
Federal nondefense ...
consumption of general
government fixed
capital.
Federal nondefense, Structures, cost indexes
except consumption of from trade sources and
general government government agencies;
fixed capital. most services, BLS
monthly earnings;
own-account software,
BEA index derived from
nondefense
compensation; custom
software, BEA index
derived from
nondefense
compensation price
index and PPI.
State and local ...
compensation of
general government
employees, except
own-account
investment.
State and local Cost indexes from trade
structures sources and government
agencies.
State and local software See entry for "software"
under nonresidential
equipment and
software.
State and local ...
brokerage charges and
financial services
furnished without
payment.
State and local ...
consumption of general
government fixed
capital.
State and local Transportation, books,
consumption and postal services,
expenditures and gross BEA indexes based on
investment, except Federal nondefense
compensation, prices paid;
structures, software, elementary and
brokerage charges and secondary education,
financial services welfare and libraries,
furnished without BEA composite indexes
payment, and of input prices;
consumption of fixed maintenance and repair
capital. services, BEA
composite price index
for State and local
construction.
Using quantity for--
Component Subcomponent Extrapolation
Personal Durable and nondurable
consumption goods:
expenditures
Most goods (except
subcomponents listed
separately).
New autos
Net purchases of used ...
autos
New trucks
Gasoline and oil
Food furnished to
employees (including
military).
Expenditures abroad by
U.S. residents less
personal remittance in
kind to nonresidents.
Services:
Nonfarm dwellings--space
rent for owner-
occupied and rent for
tenant-occupied.
Rental value of farm BEA value of farm
dwellings housing stock derived
from Department of
Agriculture data on
capital expenditures,
depreciation, and farm
dwelling construction
costs.
Motor vehicle repair,
rental and other
services; other repair
services; other
purchased intercity
transportation; legal
and funeral services;
barbershops, beauty
parlors, and health
clubs; nursing homes;
laundries; employment
agency fees;
accounting and tax
return preparation
services; recreation
(except cable TV,
casino gambling,
parimutuel net
receipts, lotteries,
and computer online
services); hotels and
motels; commercial
business, trade, and
correspondence
schools; educational
services not elsewhere
classified; research
organizations and
foundations.
Physicians, dentists,
and other professional
medical services.
Private nursery schools
elementary and
secondary schools, day
care, welfare
activities, political
organizations,
foundations, and trade
unions and
professional
associations.
Financial services Banks, BLS index of
furnished without total output (less BEA
payment by banks, real bank service
credit agencies, and charges); credit
investment agencies, paid
companies. (1) employee hours of
relevant financial
institutions;
investment companies
"implicit charges,"
BEA orders derived
from volume data
from trade sources.
Brokerage charges and Stock brokerage charges,
investment counseling, BEA orders, derived
bank service charges, from volume data from
intercity the Securities and
transportation except Exchange Commission
other, and private and trade sources;
higher education. mutual fund sales
charges, value of new
sales deflated by CPI.
Domestic service
Public education and
hospitals, water and
other sanitary
services, and
lotteries.
Insurance, private Auto insurance, premiums
hospitals, religious deflated by CPI;
activities, cable TV, health insurance,
electricity, natural benefits deflated by
gas, telephone, and CPI.
local transport.
Foreign travel by U.S.
residents less
expenditures in the
United States by
nonresidents.
Other services: Casino Parimutuel net receipts,
gambling; motor gross winnings
vehicle leasing; deflated by CPI.
parimutuel net
receipts; other
housing except hotels
and motels; bridge,
etc., tolls; other
household operation
except repairs and
insurance; travel and
entertainment card
fees; stenographic and
reproduction services;
money orders and
classified
advertising; and
computer online
services.
Fixed Investment Nonresidential
structures:
Utilities
Mining exploration, Drilling, footage by
shafts, and wells. geographic area from
trade source.
Nonfarm buildings and
structures.
Farm buildings
Nonresidential equipment
and software:
Equipment, except autos,
telephone and
telegraph
installation,
telephone switching
equipment, and
telephone and
telegraph apparatus.
New and used autos ...
Telephone and telegraph
installation.
Telephone switching
equipment.
Telephone and telegraph
apparatus.
Software
Residential investment:
Permanent-site new
single-family housing
units.
Permanent-site new
multi-family housing
units.
Manufactured homes
Improvements
Brokers' commissions
Equipment
Change in private
inventories
Nonfarm: Purchased ...
goods, all industries.
Nonfarm: Work-in-process
and finished goods,
manufacturing.
Farm
Net exports of
goods and
services (2)
Exports and imports of
goods. (2)
Exports and imports of Exports of financial
services. (2) services furnished
without payment, (1)
BLS index of total
bank output (less BEA
real bank service
charges).
Government
consumption
expenditures
and gross
investment
Federal national defense ...
consumption of general
government fixed
capital.
Federal national Military compensation,
defense, except full-time equivalent
consumption of general employment by rank and
government fixed length of service;
capital. civilian compensation,
full-time equivalent
employment by grade,
adjusted for change
from base year in
hours worked.
Federal nondefense
consumption of general
government fixed
capital.
Federal nondefense, Compensation, full-time
except consumption of equivalent employment
general government by grade, adjusted for
fixed capital. change from base year
in hours worked;
financial services
furnished without
payment? BLS index of
total bank output
(less BEA real bank
service charges).
State and local Employees in education,
compensation of full-time equivalent
general government employment by
employees, except education and
own-account experience, adjusted
investment. for change from base
year in hours worked;
other employees,
full-time equivalent
employment, adjusted
for change from
base year in hours
worked.
State and local
structures
State and local software
State and local See entries for
brokerage charges and "brokerage charges"
financial services and "financial
furnished without services furnished
payment. without payments"
under personal
consumption
expenditures
for services.
State and local ...
consumption of general
government fixed
capital.
State and local
consumption
expenditures and gross
investment, except
compensation,
structures, software,
brokerage charges and
financial services
furnished without
payment, and
consumption of fixed
capital.
Using quantity for--
Component Subcomponent Direct
valuation
Personal Durable and nondurable
consumption goods:
expenditures
Most goods (except
subcomponents listed
separately).
New autos
Net purchases of used Used autos, in two
autos parts: (1) Margin,
unit sales from trade
sources with dealers'
margins from Census
Bureau and trade
sources; (2) net
transactions, net
change in unit stock
of autos held by
consumers by year of
original sale, valued
by depreciated
original value in
base-year dollars.
New trucks
Gasoline and oil
Food furnished to
employees (including
military).
Expenditures abroad by
U.S. residents less
personal remittance in
kind to nonresidents.
Services:
Nonfarm dwellings--space
rent for owner-
occupied and rent for
tenant-occupied.
Rental value of farm
dwellings
Motor vehicle repair,
rental and other
services; other repair
services; other
purchased intercity
transportation; legal
and funeral services;
barbershops, beauty
parlors, and health
clubs; nursing homes;
laundries; employment
agency fees;
accounting and tax
return preparation
services; recreation
(except cable TV,
casino gambling,
parimutuel net
receipts, lotteries,
and computer online
services); hotels and
motels; commercial
business, trade, and
correspondence
schools; educational
services not elsewhere
classified; research
organizations and
foundations.
Physicians, dentists,
and other professional
medical services.
Private nursery schools
elementary and
secondary schools, day
care, welfare
activities, political
organizations,
foundations, and trade
unions and
professional
associations.
Financial services
furnished without
payment by banks,
credit agencies, and
investment
companies. (1)
Brokerage charges and
investment counseling,
bank service charges,
intercity
transportation except
other, and private
higher education.
Domestic service
Public education and
hospitals, water and
other sanitary
services, and
lotteries.
Insurance, private
hospitals, religious
activities, cable TV,
electricity, natural
gas, telephone, and
local transport.
Foreign travel by U.S.
residents less
expenditures in the
United States by
nonresidents.
Other services: Casino
gambling; motor
vehicle leasing;
parimutuel net
receipts; other
housing except hotels
and motels; bridge,
etc., tolls; other
household operation
except repairs and
insurance; travel and
entertainment card
fees; stenographic and
reproduction services;
money orders and
classified
advertising; and
computer online
services.
Fixed Investment Nonresidential
structures:
Utilities
Mining exploration,
shafts, and wells.
Nonfarm buildings and
structures.
Farm buildings
Nonresidential equipment
and software:
Equipment, except autos,
telephone and
telegraph
installation,
telephone switching
equipment, and
telephone and
telegraph apparatus.
New and used autos Used autos, in two
parts: (1) Margin,
unit sales from
trade sources with
dealers' margins from
Census Bureau and
trade sources;
(2) net transactions,
net change in unit
stock of autos held by
consumers by year of
original sale, valued
by depreciated
original value in
base-year dollars.
Telephone and telegraph
installation.
Telephone switching
equipment.
Telephone and telegraph
apparatus.
Software
Residential investment:
Permanent-site new
single-family housing
units.
Permanent-site new
multi-family housing
units.
Manufactured homes
Improvements
Brokers' commissions
Equipment
Change in private
inventories
Nonfarm: Purchased Quantities and prices of
goods, all industries. stocks of coal,
petroleum, and natural
gas for utilities from
the Energy Information
Administration.
Nonfarm: Work-in-process
and finished goods,
manufacturing.
Farm
Net exports of
goods and
services (2)
Exports and imports of
goods. (2)
Exports and imports of
services. (2)
Government
consumption
expenditures
and gross
investment
Federal national defense Perpetual-inventory
consumption of general calculations based on
government fixed gross investment.
capital.
Federal national Many goods, some
defense, except services, and a few
consumption of general military structures,
government fixed quantities and prices
capital. from Department of
Defense reports;
electricity and
natural gas,
quantities from the
Department of Energy.
Federal nondefense Perpetual-inventory
consumption of general calculations based on
government fixed gross investment.
capital.
Federal nondefense, Net purchases of
except consumption of agricultural
general government commodities by the
fixed capital. Commodity Credit
Corporation,
quantities by crop
from agency reports
and Department of
Agriculture prices;
selected petroleum
transactions,
quantities and prices
from the Department of
Energy.
State and local
compensation of
general government
employees, except
own-account
investment.
State and local
structures
State and local software
State and local
brokerage charges and
financial services
furnished without
payment.
State and local Perpetual-inventory
consumption of general calculations based on
government fixed gross investment.
capital.
State and local
consumption
expenditures and gross
investment, except
compensation,
structures, software,
brokerage charges and
financial services
furnished without
payment, and
consumption of fixed
capital.
(1.) Also referred to as "services furnished without payment by
financial intermediaries, except life insurance carriers."
(2.) Estimates of real exports and imports of goods and services are
prepared separately. Real net receipts of income from the rest of the
world--the difference between real GDP and GNP--is prepared by
deflation using the implicit price deflator for final sales to domestic
purchasers except for imputed interest paid to nonresidents, which is
prepared by extrapolation using BLS index of total bank output (less
BEA real bank service charges).
BLS Bureau of Labor Statistics
CPI Consumer price index
PPI Producer price index
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