Business Services Industry
Updated summary of NIPA methodologies
Survey of Current Business, Nov, 2007
Table 1. Source Data and Methods for Current-Dollar
GDP and Current-Dollar GDI
Component Annual estimates:
Source data and methods used to
determine level for benchmark and
other years or used to prepare an
extrapolator or interpolator
Gross domestic product of $13,194.7 billion for 2006
Personal consumption expenditures ($9,224.5 billion)
Durable and nondurable goods ($3,737.0 billion) (1)
Most durable and Benchmark years. Commodity-flow
nondurable goods except method, starting with
those listed below manufacturers' shipments from
($3,040.2 billion) (2) Census Bureau quinquennial census
and including an adjustment for
exports and imports from Census
Bureau foreign trade data.
Other years. Retail-control method,
using retail sales from Census
Bureau annual survey of retail
trade or, for the most recent
year, monthly survey of retail
trade.
New autos ($107.1 billion) Benchmark years. 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 Bureau of Labor
Statistics (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 net
autos and used light transactions, residual based on
trucks ($117.9 billion) 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 the most recent
year. 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 the 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 light trucks (including Benchmark years. Commodity-flow
utility vehicles) ($134.1 method, starting with
billion) 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
transactions prices that reflect
all discounts and customer
rebates, all from trade sources.
Sales tax rate from Census Bureau
annual survey of retail trade.
Gasoline and oil ($318.6 Benchmark years. Physical quantity
billion) (2) 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 the Energy Information
Administration (EIA).
Other years except the most recent
year. Same as benchmark years.
Most recent year. Physical quantity
purchased times average retail
price: Gallons consumed and
average price from EIA.
Food furnished to Benchmark years. For commercial
employees (including employees, number of employees
military) ($13.8 billion) 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
(OMB).
Other years. Same as benchmark
years except per capita
expenditures for food based on
BLS consumer price index (CPI)
for food.
Expenditures abroad by Estimated as part of the
U.S. residents ($8.0 international transactions
billion) less personal accounts; see the entry for
remittances in kind to exports and imports of services
nonresidents ($2.7 billion) under net exports of goods and
services.
Services ($5,487.6 billion)
Nonfarm dwellings: Space Benchmark years. Based on data on
rent for owner-occupied housing stock and average annual
dwellings and rent for rent from Census Bureau decennial
tenant-occupied census of housing and survey of
dwellings ($1,291.5 residential finance, adjusted
billion) 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 CPI for rent.
Rental value of farm U.S. Department of Agriculture
dwellings ($14.8 billion) (USDA) data on gross rental
value of farm dwellings.
Motor vehicle repair, rental, Benchmark years. Receipts and
and other services; other expenses from Census Bureau
repair services; other quinquennial census adjusted for
purchased intercity receipts from business and
transportation; legal and governments.
funeral services; barber- Other years. For educational
shops, beauty parlors, services not elsewhere classified
and health clubs; nursing and foundations, BLS tabulations
homes; laundries; from the Quarterly Census of
employment agency fees; Employment and Wages (QCEW); for
accounting and tax return others in this group, receipts
preparation services; and expenses from Census Bureau
recreation (except cable service annual survey.
TV, 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 ($944.7
billion)
Physicians, dentists, home Benchmark years. For nonprofit
health care, medical professional services, expenses,
laboratories, eye and for others in this group,
examinations, all other receipts, adjusted for government
professional medical consumption, all from Census
services ($702.8 billion) Bureau quinquennial census.
Other years. Receipts and
expenses, adjusted for government
consumption, from Census Bureau
service annual survey.
Private nursery schools, Benchmark years. For elementary and
elementary and secondary schools, expenses
secondary schools, day from the Department of Education;
care, museums and for nursery schools and day care,
libraries, welfare expenditures from BLS consumer
activities, political expenditure survey; for others
organizations, in this group, receipts and
foundations, and trade expenses from Census Bureau
unions and professional quinquennial census.
associations ($249.7 Other years. For nursery schools
billion) and day care, same as benchmark
years; for welfare activities,
receipts and expenses from Census
Bureau service annual survey;
for others in this group, BLS
tabulations from the QCEW.
Financial services See the entry for banks, credit
furnished without agencies, and investment
payment by banks, other companies under net interest
depository institutions, and miscellaneous payments.
and investment
companies ($208.5
billion) (3)
Brokerage charges and All years except the most recent
investment counseling, year. For private higher
bank service charges, education, expenses, and for
intercity transportation others in this group, receipts
except "other," and from annual reports of government
private higher education administrative agencies.
($319.6 billion) Most recent year. For brokerage
charges, bank service charges,
and intercity transportation,
receipts from annual reports of
government administrative
agencies; for investment
counseling, receipts from Census
Bureau service annual survey;
for private higher education,
enrollment from the Department
of Education times price index
for higher education from trade
source.
Domestic service ($20.7 Benchmark years. For cleaning
billion) 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 All years except the most recent
hospitals, water and year. For lotteries, net receipts
other sanitary services, from Census Bureau quinquennial
and lotteries ($280.5 census and annual surveys of
billion) 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 life insurance,
hospitals, religious expenses from trade sources; for
activities, cable TV, medical and hospitalization
electricity, natural gas, insurance, premiums from the
telephone, and local Agency for Healthcare Research
transport ($1,310.1 and Quality and benefits based
billion) on ratio of benefits to premiums
from Census Bureau quinquennial
census; for other insurance,
premiums and dividends to
policyholders from trade source,
normal losses and expected
investment income derived using
incurred losses and investment
gains, respectively, from trade
source; 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 EIA; for local
transport, receipts from trade
source.
Other years except the most recent
year. For private and nonprofit
hospitals, expenses from trade
source; for private proprietary
hospitals and 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 tabulations from QCEW;
for medical and hospitalization
insurance, BLS employer costs
for employee health insurance
and wages and salaries from BLS
tabulations of employees from
QCEW; 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
sources times BLS CPI for
intracity mass transit; for
electricity and natural gas,
same as benchmark years; for
cable TV, receipts from Census
Bureau service annual survey; for
telephone, receipts from company
reports and trade sources.
Foreign travel by U.S. Estimated as part of the
residents ($108.7 billion) international transactions
less expenditures in the accounts; see the entry for
United States by non- exports and imports of services
residents ($109.9 billion) under net exports of goods and
services.
Other services: Motor Various source data.
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
($145.8 billion)
Fixed investment ($2,162.5 billion)
Nonresidential structures ($405.1 billion)
Commercial and health care Benchmark years. BEA's benchmark
($154.0 billion) input-output table.
Other years. Value put in place
from Census Bureau monthly
construction survey.
Manufacturing ($26.8 billion) Value put in place from Census
Bureau monthly construction
survey.
Power and communication Value put in place from Census
($47.3 billion) Bureau monthly construction
survey.
Mining exploration, shafts, Benchmark years. Expenditures from
and wells ($105.4 billion) Census Bureau quinquennial
census.
All years except the most recent
year. 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 by
BLS producer price index for oil
and gas well drilling.
Other structures ($71.7 Benchmark years. BEA's benchmark
billion) input-output table.
Other years. Value put in place
from Census Bureau monthly
construction survey.
Nonresidential equipment and software ($992.6 billion)
Equipment except new Benchmark years. Commodity-flow
autos, new light trucks, method, starting with
and net purchases of used manufacturers' shipments from
autos and used light trucks Census Bureau quinquennial census
($680.5 billion) 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 the most recent year (except
aircraft, computers, and heavy
trucks), monthly survey of
manufacturers 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 computers,
manufacturers' shipments from
FRB industrial production index
and Census Bureau monthly survey
of manufacturers, adjusted for
exports and imports. For heavy
trucks, physical quantity
purchased times average price:
Unit sales and information to
allocate sales among business
and other purchasers, from trade
sources; for truck trailers,
shipments from trade source.
New autos, new light trucks, See the entries under personal
and net purchases of used consumption expenditures.
autos and used light trucks
($108.8 billion)
Software ($203.3 billion) Benchmark years. For 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.
Residential investment ($764.8 billion) (4)
Permanent-site new single- Value put in place based on phased
family housing units housing starts and average
($416.0 billion) construction cost from Census
Bureau monthly construction
survey.
Permanent-site new multi- Value put in place from Census
family housing units Bureau monthly construction
($53.0 billion) survey.
Manufactured homes ($7.4 Benchmark years. See the entry for
billion) Equipment except new autos, new
light trucks, and net purchases
of used autos and used light
trucks" 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 ($178.5 Benchmark years. For 1997, value
billion) put in place from Census Bureau
construction survey based on
expenditures by owner-occupants
from BLS quarterly consumer
expenditure survey and by
landlords from Census Bureau
quarterly survey of landlords.
Others years. A weighted 3-year
moving average of the
improvements estimates from
Census Bureau value put in place
construction survey.
Brokers' commissions Physical quantity times price times
($101.5 billion) 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 ($9.6 billion) See the entry for "Most durable and
nondurable goods" under personal
consumption expenditures.
Change in private inventories ($46.7 billion)
Manufacturing and trade Benchmark years. Inventories from
($38.1 billion) Census Bureau quinquennial
census 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
inventory valuation adjustment.)
Other years except the most recent
year. 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.
Mining, utilities, Benchmark years. Mining and
construction, and other construction inventories from
nonfarm industries Census Bureau quinquennial
($9.7 billion) census revalued to current
replacement cost as described
above for manufacturing and
trade.
Other years except the most recent.
Internal Revenue Service (IRS)
tabulations of business tax
returns, revalued as described
above.
Most recent year. Census Bureau
quarterly survey of mining
corporations, monthly physical
quantities from EIA 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 (-$1.2 billion) USDA change in inventories adjusted
to exclude Commodity Credit
Corporation (CCC) forfeitures
and to include net CCC loans at
market value.
Net exports of goods and services (-$762.0 billion)
Exports and imports of Estimated as part of the
goods, net (850.0 billion) international 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 of Estimated as part of the
services, net ($88.0 billion) international 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
by data from other sources).
Adjusted for the balance-of-
payments coverage of U.S.
territories and Puerto Rico
(see the above entry); adjusted
to include financial services
furnished without payment (see
the entry for banks, credit
agencies, and investment
companies under net interest
miscellaneous payments).
Government consumption expenditures and gross investment
($2,523.0 billion)
Federal Government ($932.5 billion)
National defense except Within a control total established
consumption of general by fiscal year analysis: For
government fixed capital compensation, military wages
($552.0 billion) from OMB's Budget of the United
States, civilian wages and
benefits from the Office of
Personnel Management (OPM), and
employer contributions for
Federal employee retirement
plans from outlays from the
Monthly Treasury Statement; for
other than compensation by type,
based mainly on data from
Department of Defense (DOD)
reports; for software, see the
entry for software under
nonresidential equipment and
software.
National defense Perpetual-inventory calculations
consumption of general at current cost, based on gross
government fixed capital investment and on investment
($72.3 billion) prices.
Nondefense except Within a control total established
consumption of general by fiscal year analysis: For CCC
government fixed capital inventory change, book values of
($281.1 billion) acquisitions and physical
quantities of dispositions from
agency reports times average
market prices from USDA; for
compensation, civilian wages and
benefits from OPM and employer
contributions 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 the
entry for software under
nonresidential equipment and
software; for all others,
outlays from the Monthly
Treasury Statement. For financial
services furnished without
payment, see the entry for
banks, credit agencies, and
investment companies under net
interest and miscellaneous
payments.
Nondefense consumption Perpetual-inventory calculations
of general government at current cost, based on gross
fixed capital ($27.1 investment and on investment
billion) prices.
State and local government ($1,590.5 billion)
Consumption expenditures All years except the 3 most recent
and gross investment years. Total expenditures from
except those items listed Census Bureau quinquennial census
below ($262.4 billion) and annual surveys of state and
local governments, selectively
replaced with source data that
are more appropriate for the
NIPAs and adjusted as follows:
For coverage; for netting and
grossing differences; to a
calendar year basis from a fiscal
year basis; for other timing
differences; to exclude items
not directly included in GDP
(interest, subsidies, net
expenditures of government
enterprises, and transfer
payments); and to exclude items
described below.
The 3 most recent years.
Judgmental trend.
Compensation of general For wages and salaries, BLS
government employees tabulations from the QCEW for
($918.7 billion) employer contributions for
government social insurance,
tabulations from the Social
Security Administration and
other agencies administering
social insurance programs; for
employer contributions for
employee pension and insurance
funds, data from trade sources,
Centers for Medicare and Medicaid
Services, 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.
Consumption of general Perpetual-inventory calculations at
government fixed capital current cost, based on gross
($124.2 billion) investment and on investment
prices.
Structures ($260.5 billion) Value of construction put in place
from Census Bureau monthly
construction survey.
Software ($11.8 billion) See the entry for software under
nonresidential equipment and
software.
Brokerage charges and See the entries for brokerage
financial services charges and financial services
furnished without furnished without payment under
payment ($12.9 billion) personal consumption
expenditures.
Gross domestic income of $13,212.8 billion for 2006
Compensation of employees, paid ($7,454.8 billion) (5)
Wage and salary accruals ($6,032.2 billion)
Private industries For most industries, BLS
($5,011.6 billion) tabulations from the QCEW; for
others, wages from a variety of
sources (such as USDA for farms
and the Railroad Retirement Board
for railroad transportation),
adjusted for understatement of
income on tax returns and for
coverage differences.
Federal Government For civilians, wages from BLS
($270.4 billion) tabulations from the QCEW; for
military personnel, wages from
OMB's Budget of the United
States.
State and local BLS tabulations from the QCEW.
governments ($750.2
billion)
Employer contributions for employee pension and insurance funds
($970.7 billion)
Group health insurance All years except the 2 most recent
($537.0 billion) years. For private and state and
local governments, total
contributions from the Centers
for Medicare and Medicaid
Services (CMS) less employee
contributions from BLS consumer
expenditure survey.
The 2nd most recent year. For
private, preliminary CMS
tabulations; for state and local
governments, judgmental trend.
Most recent year. Judgmental trend.
Private pension and profit- All years except the 2 most recent.
sharing funds ($189.7 Tabulations from the Department
billion) of Labor.
The 2 most recent years.
Tabulations from the Pension
Benefit Guaranty Corporation and
corporate financial data.
Government employee All years except the most recent
retirement plans ($170.8 year. For Federal plans, outlays
billion) from the Monthly Treasury
Statement, 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 all years except
the 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.
Workers' compensation All years except the most recent
($56.1 billion) year. Employer contributions
from trade sources.
Most recent year. Judgmental trend.
Group life insurance ($15.4 All years except the most recent
billion) year. Group premiums and
estimates of employer share from
trade sources.
Most recent year. Judgmental trend.
Employer contributions for Tabulations from the Social
government social Security Administration and
insurance ($451.8 billion) other agencies administering
social insurance programs.
Taxes on production and imports ($967.3 billion)
Federal Government ($98.6 For excise taxes, collections from
billion) the Office of Tax Analysis, from
the Bureau of Alcohol, Tobacco,
Firearms and Explosives, and
from the IRS; for customs duties,
receipts from the Monthly
Treasury Statement.
State and local governments Receipts from Census Bureau
($868.8 billion) quinquennial census and annual
surveys, adjusted to a calendar
year basis from a fiscal year
basis.
Less: Subsidies ($49.7 billion)
Federal Government ($49.4 Payments by the CCC from agency
billion) reports and, for most other
agencies, outlays from the
Monthly Treasury Statement.
State and local governments For railroad and electric power,
($0.4 billion) Census Bureau annual surveys of
expenditures adjusted to a
calendar year basis from a fiscal
year basis and California
administrative records.
Net operating surplus ($3,225.3 billion)
Private enterprises ($3,239.2 billion)
Net interest and miscellaneous payments ($791.3 billion) (6)
Domestic monetary All years except the most recent
interest, net ($320.0 year. For farm interest paid,
billion) USDA surveys; for residential
mortgage interest paid, Census
Bureau decennial survey of
residential finance and mortgage
debt from FRB times a BEA
interest rate; for most other
interest paid and received by
business, IRS 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
all years except the most recent;
for other interest, interest
receipts and payments from
regulatory agencies (such as the
Federal Deposit Insurance
Corporation), from trade sources,
or derived by applying BEA
interest rates to interest-
bearing assets/liabilities from
FRB flow-of-funds accounts.
Domestic imputed interest, net ($452.9 billion)
Banks, credit agencies,
and investment
companies ($229.6
billion)
Depositor services For commercial banks, data from FRB
($197.7 billion) tabulations of Federal Financial
Examination Council Call Reports
used to calculate the interest
rate spread between a risk-free
reference rate and the average
interest rate paid to depositors
times the average balance of
deposits. Depositor services
allocated to persons, government,
and to the rest of the world on
the basis of deposit liabilities
from FRB.
For credit agencies and investment
companies, property income
earned on investment of deposits
less monetary interest paid to
depositors (and for mutual
depositories, profits from IRS
tabulations of business tax
returns) from annual reports of
regulatory agencies and FRB.
Depositor services allocated to
persons, government, and
to the rest of the world on the
basis of deposit liabilities
from FRB.
Borrower services For commercial banks, data from FRB
($32.0 billion) tabulations of Federal Financial
Examination Council Call Reports
used to calculate the interest
rate spread between the average
rate paid by borrowers and the
reference rate times the average
balance of borrowers.
Life insurance carriers Property income earned on investment
($213.8 billion) of policyholders' reserves from
trade source.
Property and casualty Expected investment income derived
insurance companies using incurred losses and
($9.4 billion) investment gains from trade
source.
Business current transfer payments (net) ($90.2 billion)
To persons (net) ($27.2 All years except the most recent
billion) year. Payments to persons for
charitable contributions, IRS
tabulations of business tax
returns; for other components
(such as liability payments for
personal injury and net insurance
settlements), information from
government agency reports and
trade sources.
Most recent year. Judgmental trend.
To government (net) For Federal, receipts from OMB's
($60.6 billion) Budget of the United States; for
state and local, receipts from
Census Bureau quinquennial census
and annual surveys, adjusted to
a calendar year basis from a
fiscal year basis and net
insurance settlements, as
described above.
To the rest of the world Estimated as part of the
(net) ($2.5 billion) international transactions
accounts.
Proprietors' income with inventory valuation adjustment (IVA)
and capital consumption adjustment (CCAdj) ($1,006.7 billion)
Farm proprietors' income USDA data on net income, obtained
with IVA ($26.4 billion) 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 USDA quinquennial census and
annual survey data.
Farm proprietors' income See the entry "Less: Capital
with CCAdj consumption adjustment" under
(-$7.0 billion) consumption of fixed capital.
Nonfarm proprietors' All years except the most recent
income ($888.8 billion) year. Income from IRS tabulations
of business 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 proprietors' See the entry for inventory
income with IVA (-$4.0 valuation adjustment under
billion) corporate profits.
Nonfarm proprietors' See the entry "Less: Capital
income with CCAdj consumption adjustment" under
($102.6 billion) consumption of fixed capital.
Rental income of persons with capital consumption adjustment
($54.5 billion)
Owner-occupied nonfarm Benchmark years. Derived as space
housing ($1.1 billion) rent (see the entry for nonfarm
dwellings under personal
consumption expenditures) less
related expenses, including
property insurance from trade
source and 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 FRB
times a BEA interest rate, and
property taxes from Census Bureau
annual surveys of state and local
tax collections.
Tenant-occupied nonfarm Same as owner-occupied nonfarm
housing ($18.7 billion) housing, 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.
Farm housing ($9.3 Benchmark years. Owner- and tenant-
billion) occupied housing derived as space
rent (see the entry for farm
dwellings under personal
consumption expenditures) less
related expenses, such as
mortgage interest and property
taxes, from USDA. Farms owned by
nonoperator landlords derived
from USDA data.
Other years. Space rent (see the
entry for farm dwellings under
personal consumption
expenditures); expenses from USDA
data. Farms owned by nonoperator
landlords derived from USDA data.
Nonfarm nonresidential Benchmark years. Nonfarm
properties ($0.2 billion) nonresidential fixed assets from
BEA capital stock series times a
rate of return on capital based
on IRS tabulations of business
tax returns.
Other years. BEA capital stock
series and judgmental trend.
Royalties ($25.1 billion) All years except the most recent
year. IRS tabulations of
royalties reported on individual
income tax returns.
Most recent year. Judgmental trend.
Corporate profits with inventory valuation adjustment (IVA)
and capital consumption adjustment (CCAdj) (1,296.4 billion)
Domestic profits before All years except the most recent
tax ($1,548.5 billion) year. Receipts less deductions
from IRS 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 Financial
Report, regulatory agency
reports, and compilations of
publicly available corporate
financial statements.
Inventory valuation The IVA on the income side (for
adjustment (IVA) corporations and for nonfarm sole
(-$36.3 billion) proprietorships and partnerships)
and the IVA on the product side
(see the entry "Change in private
inventories") differ because the
source data reflect different
proportions of inventories
reported using different
accounting methods (last-in-first
out (LIFO)). The income-side IVA
is based on the product-side IVA,
adjusted by the relationship
between non-LIFO inventories from
IRS tabulations of business tax
returns and non-LIFO inventories
from the Census Bureau.
Capital consumption See the entry "Less: Capital
adjustment (CCAdj) consumption adjustment" under
(-$215.8 billion) consumption of fixed capital.
Current surplus of government enterprises (-$13.9 billion)
Federal Government Mainly reports of various agencies,
(-$3.2 billion) such as the Postal Service, and
consumption of fixed capital
(CFC) estimates derived with
perpetual-inventory calculations
at current cost, based on gross
investment and on investment
prices.
State and local For current operating receipts,
governments (-$10.7 mainly revenue data from Census
billion) Bureau annual surveys of state
and local governments, adjusted
to a calendar year basis from a
fiscal year basis; for current
operating expenditures, see the
entries for "Consumption
expenditures and gross
investment" and "Consumption of
general government fixed capital"
under state and local government.
Consumption of fixed capital ($1,615.2 billion)
Government ($267.7 billion)
General government Perpetual-inventory method, based
($223.6 billion) on gross investment and on
investment prices.
Government enterprises Perpetual-inventory method, based
($44.1 billion) on gross investment and on
investment prices.
Private ($1,347.5 billion)
Domestic business Perpetual-inventory method, based
($1,081.4 billion) on gross investment and on
investment prices.
Capital consumption All years except the most recent
allowances ($945.2 year. For depreciation of
billion) corporations and of nonfarm sole
proprietorships and partnerships,
IRS tabulations of business tax
returns, adjusted for conceptual
differences; for other
depreciation (including farm
proprietorships and partnerships
and other private business),
perpetual-inventory calculations
based on investment at
acquisition cost; for accidental
damage to fixed capital, losses
reported to insurance companies
and to government agencies.
Most recent year. For depreciation
of corporations and of nonfarm
sole proprietorships and
partnerships, BEA estimates of
tax-return-based depreciation;
for other depreciation and
accidental damage to fixed
capital, same as above.
Less: Capital The difference between capital
consumption consumption allowances and
adjustment (-$136.1 consumption of fixed capital.
billion)
Households and Perpetual-inventory method, based
institutions ($266.1 on gross investment and on
billion) investment prices.
Component Advance quarterly estimates:
Source data and methods used
to prepare an extrapolator
Gross domestic product of $13,194.7 billion for 2006
Personal consumption expenditures ($9,224.5 billion)
Durable and nondurable goods ($3,737.0 billion) (1)
Most durable and Same as the annual estimates
nondurable goods except for other years.
those listed below
($3,040.2 billion) (2)
New autos ($107.1 billion) Same as the annual estimates
for other years.
Net purchases of used For net transactions,
autos and used light extrapolated by retail sales
trucks ($117.9 billion) of used vehicle dealers from
Census Bureau monthly
survey of retail trade. For
dealers' margin, judgmental
trend.
New light trucks (including Same as the annual estimate
utility vehicles) ($134.1 for other years.
billion)
Gasoline and oil ($318.6 Same as the annual estimate
billion) (2) for the most recent year.
Food furnished to For commercial employees,
employees (including same as the annual estimates
military) ($13.8 billion) for other years; for military
personnel, judgmental trend.
Expenditures abroad by Judgmental trend.
U.S. residents ($8.0
billion) less personal
remittances in kind to
nonresidents ($2.7 billion)
Services ($5,487.6 billion)
Nonfarm dwellings: Space For housing stock, judgmental
rent for owner-occupied trend; for average rent, BLS
dwellings and rent for CPI for rent.
tenant-occupied
dwellings ($1,291.5
billion)
Rental value of farm Judgmental trend.
dwellings ($14.8 billion)
Motor vehicle repair, rental, For nursing homes, research
and other services; other organizations and
repair services; other foundations, employment
purchased intercity agency fees, and clubs and
transportation; legal and fraternal organizations, wages
funeral services; barber- and salaries derived from BLS
shops, beauty parlors, monthly employment times
and health clubs; nursing earnings times hours; for
homes; laundries; commercial business, trade,
employment agency fees; and correspondence schools,
accounting and tax return and for education services not
preparation services; elsewhere classified,
recreation (except cable employment times BLS CPI
TV, parimutuel net for technical and business
receipts, lotteries, and school tuition and fees; for
computer online legitimate theaters and motion
services); hotels and pictures, receipts from trade
motels; commercial sources; for radio and TV
business, trade, and repair, number of TVs based
correspondence schools; on stock and sales from trade
educational services not source times BLS CPI for
elsewhere classified; video and audio; for hotels
research organizations and motels, rooms rented
and foundations ($944.7 times average price per room
billion) from trade source; for casino
gambling, receipts from state
agencies; for others in this
group, judgmental trend.
Physicians, dentists, home For home health care, wages
health care, medical and salaries derived from BLS
laboratories, eye monthly employment times
examinations, all other earnings times hours; for
professional medical others in this group,
services ($702.8 billion) judgmental trend.
Private nursery schools, For political organizations and
elementary and foundations, judgmental trend;
secondary schools, day for elementary and secondary
care, museums and schools, employment times
libraries, welfare BLS CPI for all items less food
activities, political and energy; for others in this
organizations, group, wages and salaries
foundations, and trade derived from BLS monthly
unions and professional employment times earnings
associations ($249.7 times hours.
billion)
Financial services Judgmental trend.
furnished without
payment by banks, other
depository institutions,
and investment
companies ($208.5
billion) (3)
Brokerage charges and For stock brokerage charges,
investment counseling, stock exchange transactions
bank service charges, from trade sources; for income
intercity transportation from sales of investment
except "other," and company securities, sales of
private higher education open-end investment company
($319.6 billion) shares from trade source; for
imputed commissions on debt
securities, dealer transactions
in U.S. government and agency
securities from Federal
Reserve Bank of New York; for
commodities commissions,
futures contracts from trade
source; for investment
counseling, wages and salaries
derived from BLS monthly
employment times earnings
times hours; for other
brokerage charges and investment
counseling and for bank
service charges, judgmental
trend; for intercity
transportation, receipts from
trade sources; for private higher
education, employment times
BLS CPI for all items less food
and energy.
Domestic service ($20.7 Judgmental trend.
billion)
Public education and Judgmental trend.
hospitals, water and
other sanitary services,
and lotteries ($280.5
billion)
Insurance, private For life insurance and private
hospitals, religious hospitals, wages and salaries
activities, cable TV, derived from BLS monthly
electricity, natural gas, employment times earnings
telephone, and local times hours; for cable TV,
transport ($1,310.1 number of cable TV and direct
billion) 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 CPIs for
electricity and gas; for
cellular telephone, number of
subscribers from trade source
times BLS CPI for cellular
telephone service; for others
in this group, judgmental
trend.
Foreign travel by U.S. Same as the annual estimates.
residents ($108.7 billion)
less expenditures in the
United States by non-
residents ($109.9 billion)
Other services: Motor For motor vehicle leasing,
vehicle leasing; parimutuel number of leased vehicles
net receipts; other housing based on registrations and
except hotels and motels; terms from trade source, and
bridge, etc. tolls; other lease payments based on
household operation new vehicle prices, BEA
except repairs and depreciation schedules, and
insurance; travel and Federal Reserve Board
entertainment card fees; (FRB) interest rates on new
stenographic and motor vehicle loans; for
reproduction services; others in this group,
money orders and judgmental trend.
classified advertising; and
computer online services
($145.8 billion)
Fixed investment ($2,162.5 billion)
Nonresidential structures ($405.1 billion)
Commercial and health care Same as the annual estimates
($154.0 billion) for other years.
Manufacturing ($26.8 billion) Same as the annual estimates.
Power and communication Same as the annual estimates.
($47.3 billion)
Mining exploration, shafts, For petroleum and natural gas,
and wells ($105.4 billion) same as the annual estimate
for the most recent year; for
mining, judgmental trend.
Other structures ($71.7 Same as the annual estimates
billion) for other years.
Nonresidential equipment and software ($992.6 billion)
Equipment except new Same as the annual estimates
autos, new light trucks, for other years but with less
and net purchases of used detail.
autos and used light trucks
($680.5 billion)
New autos, new light trucks, See the entries under personal
and net purchases of used consumption expenditures.
autos and used light trucks
($108.8 billion)
Software ($203.3 billion) For purchased software,
receipts from company reports
to the Securities and
Exchange Commission; for
own-account software, private
fixed investment in computers
and peripheral equipment.
Residential investment ($764.8 billion) (4)
Permanent-site new single- Same as the annual estimates.
family housing units
($416.0 billion)
Permanent-site new multi- Same as the annual estimates.
family housing units
($53.0 billion)
Manufactured homes ($7.4 Same as the annual estimates
billion) for other years.
Improvements ($178.5 Judgmental trend.
billion)
Brokers' commissions Same as the annual estimates.
($101.5 billion)
Equipment ($9.6 billion) Same as the annual estimates.
Change in private inventories ($46.7 billion)
Manufacturing and trade Same as the annual estimate
($38.1 billion) for the most recent year.
Mining, utilities, For electric utilities, same as
construction, and other the annual estimate for the
nonfarm industries most recent year; for all
($9.7 billion) others, judgmental trend.
Farm (-$1.2 billion) For crops, BEA quarterly
allocation of USDA annual
projections of crop output and
cash receipts; for livestock,
USDA quarterly data.
Net exports of goods and services (-$762.0 billion)
Exports and imports of For territorial adjustment,
goods, net (850.0 billion) Census Bureau foreign trade
data and judgmental trend; for
gold, judgmental trend; for all
others, same as the annual
estimates.
Exports and imports of For territorial adjustment,
services, net ($88.0 billion) judgmental trend; for all
others, same as the annual
estimates.
Government consumption expenditures and gross investment
($2,523.0 billion)
Federal Government ($932.5 billion)
National defense except For components of
consumption of general compensation, military
government fixed capital employment from DOD and
($552.0 billion) civilian employment from BLS;
for other than compensation,
same as the annual estimates;
for software, see the entry for
software under nonresidential
equipment and software.
National defense Same as the annual estimates.
consumption of general
government fixed capital
($72.3 billion)
Nondefense except For components of
consumption of general compensation, employment
government fixed capital from BLS; for software, see
($281.1 billion) the entry for software under
nonresidential equipment and
software; for other than
compensation and software,
same as the annual estimates.
Nondefense consumption Same as the annual estimates.
of general government
fixed capital ($27.1
billion)
State and local government ($1,590.5 billion)
Consumption expenditures Judgmental trend.
and gross investment
except those items listed
below ($262.4 billion)
Compensation of general For wages and salaries, derived
government employees from BLS monthly
($918.7 billion) employment times earnings
from BLS employment cost
index; for other compensation,
judgmental trend.
Consumption of general Same as the annual estimates.
government fixed capital
($124.2 billion)
Structures ($260.5 billion) Same as the annual estimates
Software ($11.8 billion) Same as the annual estimates
Brokerage charges and Same as the annual estimates.
financial services
furnished without
payment ($12.9 billion)
Gross domestic income of $13,212.8 billion for 2006
Compensation of employees, paid ($7,454.8 billion) (5)
Wage and salary accruals ($6,032.2 billion)
Private industries For most industries, wages and
($5,011.6 billion) salaries derived from BLS
monthly employment times
earnings times hours; for
others, judgmental trend.
Federal Government For civilians, employment from
($270.4 billion) BLS and judgmental trend; for
military personnel, DOD
employment and judgmental
trend.
State and local Derived from BLS monthly
governments ($750.2 employment times earnings
billion) from BLS employment cost
index.
Employer contributions for employee pension and insurance funds
($970.7 billion)
Group health insurance Judgmental trend.
($537.0 billion)
Private pension and profit- Judgmental trend.
sharing funds ($189.7
billion)
Government employee For Federal plans, same as the
retirement plans ($170.8 annual estimate for the most
billion) recent year; for state and
local government plans,
judgmental trend.
Workers' compensation Judgmental trend.
($56.1 billion)
Group life insurance Judgmental trend.
($15.4 billion)
Employer contributions for For Federal programs, BEA-
government social derived wages and salaries of
insurance ($451.8 billion) employees covered by the
programs; for state and local
government programs,
judgmental trend.
Taxes on production and imports ($967.3 billion)
Federal Government ($98.6 For customs duties, receipts
billion) from the Monthly Treasury
Statement, for most excise
taxes, derived from indicators
of activity (such as gasoline
production for gasoline tax);
for others, judgmental trend.
State and local governments Judgmental trend.
($868.8 billion)
Less: Subsidies ($49.7 billion)
Federal Government ($49.4 CCC reports and judgmental
billion) trend.
State and local governments Judgmental trend and California
($0.4 billion) administrative records.
Net operating surplus ($3,225.3 billion)
Private enterprises ($3,239.2 billion)
Net interest and miscellaneous payments ($791.3 billion) (6)
Domestic monetary Derived by combining estimates
interest, net ($320.0 of (1) interest received by
billion) persons, (2) government
interest paid less received,
and (3) interest paid by
persons. For (1), judgmental
trend; for (2), data from the
Monthly Treasury Statement
and the Bureau of the Public
Debt for Federal and
judgmental trend for state and
local; and for (3), consumer
debt from FRB times BEA
estimates of interest rates.
Domestic imputed interest, net ($452.9 billion)
Banks, credit agencies,
and investment
companies ($229.6
billion)
Depositor services Judgmental trend.
($197.7 billion)
Borrower services Judgmental trend.
($32.0 billion)
Life insurance carriers Judgmental trend.
($213.8 billion)
Property and casualty Judgmental trend.
insurance companies
($9.4 billion)
Business current transfer payments (net) ($90.2 billion)
To persons (net) ($27.2 Judgmental trend.
billion)
To government (net) Judgmental trend.
($60.6 billion)
To the rest of the world Same as the annual estimates.
(net) ($2.5 billion)
Proprietors' income with inventory valuation adjustment (IVA)
and capital consumption adjustment (CCAdj) ($1,006.7 billion)
Farm proprietors' income For crops, BEA quarterly
with IVA ($26.4 billion) allocation of USDA annual
projections of crop output; for
livestock, USDA quarterly
projections of cash receipts
and inventories; for both crops
and livestock, quarterly
allocation of USDA annual
projections of government
subsidy payments and
production expenses.
Farm proprietors' income
with CCAdj
(-$7.0 billion)
Nonfarm proprietors' Same as the annual estimate
income ($888.8 billion) for the most recent year.
Nonfarm proprietors'
income with IVA (-$4.0
billion)
Nonfarm proprietors'
income with CCAdj
($102.6 billion)
Rental income of persons with capital consumption adjustment
($54.5 billion)
Owner-occupied nonfarm For owner-occupied space rent,
housing ($1.1 billion) same as the annual estimates;
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 nonfarm Same as owner-occupied
housing ($18.7 billion) nonfarm housing.
Farm housing ($9.3 Judgmental trend.
billion)
Nonfarm nonresidential Judgmental trend.
properties ($0.2 billion)
Royalties ($25.1 billion) Judgmental trend.
Corporate profits with inventory valuation adjustment (IVA)
and capital consumption adjustment (CCAdj) (1,296.4 billion)
Domestic profits before For some industries in
tax ($1,548.5 billion) transportation and in finance,
judgmental trend; for others,
same as the annual estimates
for the most recent year.
(Released with the preliminary
estimate of GDP for the first,
second, and third quarters
and the final estimate for the
fourth quarter.)
Inventory valuation Same as the annual estimates.
adjustment (IVA)
(-$36.3 billion)
Capital consumption
adjustment (CCAdj)
(-$215.8 billion)
Current surplus of government enterprises (-$13.9 billion)
Federal Government Judgmental trend; for CFC
(-$3.2 billion) estimates, the same as the
annual estimates.
State and local Judgmental trend.
governments (-$10.7
billion)
Consumption of fixed capital ($1,615.2 billion)
Government ($267.7 billion)
General government Same as the annual estimates.
($223.6 billion)
Government enterprises Same as the annual estimates.
($44.1 billion)
Private ($1,347.5 billion)
Domestic business Same as the annual estimates.
($1,081.4 billion)
Capital consumption Judgmental trend.
allowances ($945.2
billion)
Less: Capital Same as the annual estimates.
consumption
adjustment (-$136.1
billion)
Households and Same as the annual estimates.
institutions ($266.1
billion)
NIPAs National income and product accounts
(1.) Personal consumption expenditures (PCE) for durable
and nondurable goods includes $0.9 billion for food produced
and consumed on farms and standard clothing issued to military
personnel.
(2.) The Census Bureau data for retail sales include sales
of gasoline service stations. The estimates of PCE for gasoline
and oil are derived from the sources listed and are deducted from
the retail-control estimates of most durable and nondurable goods.
diaries, except life insurance carriers."
(3.) This line item is also referred to as "services furnished
without payment by financial intermediaries, except life insurance
carriers."
(4.) Residential investment includes -$1.3 billion for dormitories
and net purchases of used structures.
(5.) Compensation of employees includes $1.7 billion
for supplemental unemployment.
(6.) Net interest and miscellaneous payments includes $18.4 billion
for government rents and royalties.
Table 2. Methodology Used in Preparing Estimates of Real GDP
Deflation, using price based on
Component
CPI or PPI Other index
Personal consumption expenditures
Durable and nondurable goods
Most durable and CPI
nondurable goods PPI, for military
except those clothing
listed below
New autos CPI
Net purchases of CPI, for net ...
used autos and transactions
used light trucks
New trucks CPI
Gasoline and oil CPI
Food furnished to CPI
employees
(including
military)
Expenditures abroad ... Foreign CPIs (1)
by U.S. residents
less personal
remittances in
kind to
nonresidents
Services
Nonfarm dwellings: CPI
Space rent for
owner-occupied
dwellings and rent
for tenant-
occupied dwellings
Rental value of ... ...
farm dwellings
Motor vehicle CPI Composite index of
repair, rental, PPI, for proprietary input prices from
and other and government the Centers for
services; other nursing homes and Medicare and
repair services; employment agency Medicaid Services
other purchased fees for private
intercity nonprofit nursing
transportation; homes; for clubs
legal and funeral and fraternal
services; barber- organizations, and
shops, beauty for nonprofit
parlors, and research and
health clubs; foundation
nursing homes; expenses, BEA
laundries; composite indexes
employment agency of input prices.
fees; accounting
and tax return
preparation
services;
recreation (except
cable TV,
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, CPI
dentists, and PPI, for physicians,
other professional home health care,
medical services and medical
laboratories
Private nursery ... BEA composite
schools, indexes of input
elementary and prices.
secondary schools,
day care, welfare
activities,
political
organizations,
foundations, and
trade unions and
professional
associations
Financial services PPI, for investment BEA composite index
furnished without companies' of input prices,
payment by banks, securities for investment
other depository commissions companies' "total
institutions, and deductions."
investment
companies (2)
Brokerage charges CPI BEA index based on
and investment PPI, for securities revenue per
counseling, bank commissions passenger mile
service charges, from DOT and trade
intercity source for air
transportation transportation;
except "other," for private higher
and private higher education, BEA
education composite index of
input prices.
Domestic service CPI
Public education CPI
and hospitals, PPI, for public
water and other hospitals
sanitary services,
and lotteries
Insurance, private CPI BEA composite
hospitals, PPI, for private indexes of input
religious for-profit prices, for life
activities, cable hospitals insurance and
TV, electricity, religious
natural gas, activities; for
telephone, and private nonprofit
local transport hospitals,
composite index of
input prices from
the Centers for
Medicare and
Medicaid Services.
Foreign travel by CPI, for BEA composite index
U.S. residents expenditures in of foreign CPIs,
less expenditures the United States (1) for foreign
in the United travel; for
States by airfares in
nonresidents foreign travel,
BLS import price
index.
Other services: CPI ...
Motor vehicle
leasing;
parimutuel net
receipts; other
housing except
hotels and motels;
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
Commercial and PPI, for warehouses BEA index based on
health care and offices costs per square
foot from trade
source for
commercial
structures; for
health care, BEA
index based on
cost index from
trade source and
on Census Bureau
price deflator for
single-family
houses under
construction.
Manufacturing ... BEA index based on
costs per square
foot from trade
source.
Power and PPI, for power Cost indexes from
communication excluding electric trade sources and
government
agencies, for
power; for
communication,
cost index from
trade source.
Mining exploration, PPI, for casing, oil BEA index based on
shafts, and wells and gas well cost index from
drilling, and oil trade source and
and gas field on Census Bureau
services price deflator for
single-family
houses under
construction, for
mines.
Other structures PPI, for brokers' BEA price index for
commissions and railroads; for
educational and other components,
vocational BEA index based on
structures cost index from
trade source and
on Census Bureau
price deflator for
single-family
houses under
construction.
Nonresidential equipment and software
Equipment except PPI, for most BLS import price
those listed below domestic indexes, for
components and for imported
imported components except
transportation transportation
equipment equipment.
New autos, new CPI, for new autos ...
light trucks, and and new light
net purchases of trucks
used autos and
used light trucks
Telephone and ... BEA cost index
telegraph
installation
Telephone switching ... BEA price index
equipment
Photocopying ... BEA price index
equipment
Software PPI, for prepackaged BEA cost index, BLS
software employment cost
index, and PPI,
for own-account
and custom
software.
Residential investment
Permanent-site new ... Census Bureau price
single-family deflator for
housing units single-family
houses under
construction.
Permanent-site new ... BEA price index
multifamily
housing units
Manufactured homes PPI
Improvements ... BEA composite index
of input prices,
for major
replacements; for
additions and
alterations, BEA
index based on
Census Bureau
price deflator for
single-family
houses under
construction and
BEA index for
major
replacements.
Brokers' PPI
commissions
Equipment CPI
Change in private inventories
Nonfarm
Purchased goods of PPI Composite price from
all industries the Energy
Information
Administration,
for crude
petroleum; BLS
import price
indexes, for
imported goods
purchased by trade
industries.
Work-in-process and PPI BEA indexes of unit
finished goods, labor costs.
manufacturing
Farm ... USDA average market
prices
Net exports of goods and services
Exports and imports of PPI, for gold; semi- BLS export and
goods conductor exports, import price
selected indexes; for
transportation electric energy
equipment; exports and
selected imports, and for
agricultural petroleum imports,
foods, feeds, and unit-value indexes
beverages; and based on Census
selected imports Bureau values and
of refined quantities.
petroleum
Exports and imports of CPI, for travel Selected deflators,
services receipts, medical for military
receipts, and transfers and
nonresident defense
students' expenditures: see
expenditures "National defense
PPI, for selected except consumption
other of general
transportation government fixed
capital" below.
BLS export and
import price
indexes, for
passenger fares;
BEA composite
index of foreign
CPIs,' for travel
payments, for
miscellaneous
services, and U.S.
students'
expenditures
abroad; BLS
exports and
imports price
indexes, for
selected other
transportation;
and for 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 Government
National defense PPI, for selected BEA indexes based on
except consumption goods and services DOD prices paid,
of general CPI and PPI, for for some goods and
government fixed utilities and services and for
capital communications most military
structures; for
some services, BLS
employment cost
indexes; for
nonmilitary
structures, cost
indexes from trade
sources and
government
agencies; for own-
account software,
BEA index derived
from nondefense
compensation; for
custom software,
BEA index derived
from nondefense
compensation price
index and PPI.
National defense
consumption of
general government
fixed capital
Nondefense except PPI, for most goods Cost indexes from
consumption of and selected trade sources and
general government services government
fixed capital CPI, for rent, agencies, for
utilities, and structures; for
communications some services, BLS
employment cost
indexes; for own-
account software,
BEA index derived
from nondefense
compensation; for
custom software,
BEA index derived
from nondefense
compensation price
index and PPI.
Nondefense ... ...
consumption of
general government
fixed capital
State and local government
Consumption CPI, for services BEA indexes based on
expenditures and PPI, for Federal nondefense
gross investment electricity, prices paid, for
except those hospitals, most transportation,
listed below professional books, and postal
services, and services; for
goods elementary and
secondary
education,
welfare, and
libraries, BEA
composite indexes
of input prices;
for maintenance
and repair
services, BEA
composite price
index for state
and local
construction.
Compensation of ... ...
general government
employees
Consumption of ... ...
general government
fixed capital
Structures ... Cost indexes from
trade sources and
government
agencies.
Software ... See the entry for
software under
nonresidential
equipment and
software.
Brokerage charges ... ...
and financial
services furnished
without payment
Component Using quantity for
extrapolation or direct valuation
Personal consumption expenditures
Durable and nondurable goods
Most durable and
nondurable goods
except those
listed below
New autos
Net purchases of Direct valuation. For used autos
used autos and and used light trucks margins, unit
used light trucks sales from trade sources with
dealers' margins from Census
Bureau and trade sources.
New trucks
Gasoline and oil
Food furnished to
employees
(including
military)
Expenditures abroad
by U.S. residents
less personal
remittances in
kind to
nonresidents
Services
Nonfarm dwellings:
Space rent for
owner-occupied
dwellings and rent
for tenant-
occupied dwellings
Rental value of Quantity extrapolation. Real dollar
farm dwellings net stock of farm housing from
BEA capital stock estimates.
Motor vehicle
repair, rental,
and other
services; other
repair services;
other purchased
intercity
transportation;
legal and funeral
services; barber-
shops, beauty
parlors, and
health clubs;
nursing homes;
laundries;
employment agency
fees; accounting
and tax return
preparation
services;
recreation (except
cable TV,
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 Quantity extrapolation. Banks, BLS
furnished without index of total output (less BEA
payment by banks, real bank service charges) times
other depository consumer share based on shares
institutions, and of deposits and loans; for other
investment depository institutions, paid
companies (2) employee hours of relevant
financial institutions; for
investment companies' "implicit
charges," BEA orders derived
from volume data from trade
sources.
Brokerage charges Quantity extrapolation. For mutual
and investment fund sales charges, value of new
counseling, bank sales deflated by CPI.
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 Quantity extrapolation. For auto
hospitals, insurance, premiums deflated by
religious CPI; for medical care and
activities, cable hospitalization insurance, benefits
TV, electricity, deflated by PPI; for workers'
natural gas, compensation, premiums deflated
telephone, and by PPI.
local transport
Foreign travel by
U.S. residents
less expenditures
in the United
States by
nonresidents
Other services: Quantity extrapolation. For
Motor vehicle parimutuel net receipts, gross
leasing; winnings deflated by CPI.
parimutuel net
receipts; other
housing except
hotels and motels;
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
Commercial and
health care
Manufacturing
Power and
communication
Mining exploration, Quantity extrapolation. For drilling,
shafts, and wells footage by geographic area from
trade source.
Other structures
Nonresidential equipment and software
Equipment except
those listed below
New autos, new Direct valuation. For used autos
light trucks, and and used light trucks, see the
net purchases of entry "Net purchases of used
used autos and autos and used light trucks" under
used light trucks personal consumption
expenditures.
Telephone and
telegraph
installation
Telephone switching
equipment
Photocopying
equipment
Software
Residential investment
Permanent-site new
single-family
housing units
Permanent-site new
multifamily
housing units
Manufactured homes
Improvements
Brokers'
commissions
Equipment
Change in private inventories
Nonfarm
Purchased goods of Direct valuation. Quantities and
all industries prices of stocks of coal,
petroleum, and natural gas for
utilities from Energy Information
Administration.
Work-in-process and
finished goods,
manufacturing
Farm
Net exports of goods and services
Exports and imports of
goods
Exports and imports of Quantity extrapolation. For exports of
services financial services furnished without
payment, (2) BLS index of total bank
output (less BEA real bank service
charges); for exports and imports of
insurance, premiums deflated by
PPI.
Government consumption expenditures and gross investment
Federal Government
National defense Quantity extrapolation. For military
except consumption compensation, full-time equivalent
of general employment by rank and length of
government fixed service; for civilian compensation,
capital full-time equivalent employment by
grade, adjusted for change from
base year in hours worked.
Direct valuation. For some goods and
services and a few military
structures, quantities and prices
from DOD reports; for electricity and
natural gas, quantities from DOE.
National defense Direct valuation. Perpetual-inventory
consumption of calculations based on gross
general government investment.
fixed capital
Nondefense except Quantity extrapolation. For
consumption of compensation, full-time equivalent
general government employment by grade, adjusted for
fixed capital change from base year in hours
worked; for financial services
furnished without payment 2 BLS
index of total bank output (less BEA
real bank service charges).
Direct valuation. For net purchases of
agricultural commodities by the
Commodity Credit Corporation,
quantities by crop from agency
reports and USDA prices; for
selected petroleum transactions,
DOE quantities and prices.
Nondefense Direct valuation. Perpetual-
consumption of inventory calculations based on
general government gross investment.
fixed capital
State and local government
Consumption
expenditures and
gross investment
except those
listed below
Compensation of Quantity extrapolation. For
general government employees in education, full-time
employees equivalent employment by
education and experience,
adjusted for change from base
year in hours worked; for other
employees, full-time equivalent
employment, adjusted for change
from base year in hours worked.
Consumption of Direct valuation. Perpetual-
general government inventory calculations based on
fixed capital gross investment.
Structures
Software
Brokerage charges Quantity extrapolation. See the
and financial entries for brokerage charges and
services furnished for financial services under
without payment personal consumption
expenditures.
BEA Bureau of Economic Analysis
BLS Bureau of Labor Statistics
CPI Consumer price index
DOD Department of Defense
DOE Department of Energy
DOT Department of Transportation
PPI Producer price index
USDA U.S. Department of Agriculture
(1.) The foreign CPIs have been adjusted for differences in exchange
rates.
(2.) This line item is also referred to as "services furnished without
payment by financial intermediaries, except life insurance carriers."
COPYRIGHT 2007 U.S. Government Printing Office
COPYRIGHT 2008 Gale, Cengage Learning
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