BEA current and historical data: national, international, and regional data
1. Domestic Product and Income
Table 1.1.1. Percent Change From Preceding Period in Real
Gross Domestic Product
[Percent]
Seasonally
adjusted at
annual rates
Line 2002 2003 2003
III IV
Gross domestic product 1 1.9 3.0 7.4 4.2
Personal consumption
expenditures 2 3.1 3.3 5.0 3.6
Durable goods 3 6.5 7.4 16.5 3.9
Nondurable goods 4 2.6 3.7 6.9 5.1
Services 5 2.6 2.2 1.9 2.8
Gross private domestic
investment 6 -2.4 4.4 22.4 13.9
Fixed investment 7 -4.9 5.1 18.0 10.5
Nonresidential 8 -8.9 3.3 15.7 11.0
Structures 9 -17.8 -5.6 -1.3 7.9
Equipment and software 10 -5.5 6.4 21.7 12.0
Residential 11 4.8 8.8 22.4 9.6
Change in private inventories 12
Net exports of goods and
services 13
Exports 14 -2.3 1.9 11.3 17.5
Goods 15 -4.1 2.2 10.1 16.1
Services 16 1.8 1.4 14.1 20.6
Imports 17 3.4 4.4 2.8 17.1
Goods 18 3.7 4.7 0.0 18.4
Services 19 1.9 3.1 17.9 11.1
Government consumption
expenditures and gross
investment 20 4.4 2.8 0.1 1.6
Federal 21 7.5 6.6 -3.3 4.8
National defense 22 7.7 9.0 -7.7 11.6
Nondefense 23 7.1 2.4 5.8 -7.5
State and local 24 2.8 0.7 2.2 -0.1
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 4.5 3.3 3.9
Personal consumption
expenditures 4.1 1.6 5.1
Durable goods 2.2 -0.3 17.2
Nondurable goods 6.7 0.1 4.8
Services 3.3 2.7 2.9
Gross private domestic
investment 12.3 19.0 2.8
Fixed investment 4.5 13.9 8.8
Nonresidential 4.2 12.5 12.9
Structures -7.6 6.9 -0.3
Equipment and software 8.0 14.2 17.2
Residential 5.0 16.5 1.7
Change in private inventories
Net exports of goods and
services
Exports 7.3 7.3 6.3
Goods 9.1 6.0 9.1
Services 3.4 10.2 0.2
Imports 10.6 12.6 6.0
Goods 12.7 13.0 5.6
Services 1.2 10.6 8.3
Government consumption
expenditures and gross
investment 2.5 2.2 1.2
Federal 7.1 2.7 4.7
National defense 10.6 1.9 9.8
Nondefense 0.2 4.4 -5.2
State and local 0.0 1.9 -0.8
Table 1.1.2. Contributions to Percent Change in Real
Gross Domestic Product
Seasonally
adjusted at
annual rates
Line 2002 2003 2003
III IV
Percent change at annual rate:
Gross domestic product 1 1.9 3.0 7.4 4.2
Percentage points at annual
rates:
Personal consumption
expenditures 2 2.14 2.29 3.58 2.50
Durable goods 3 0.56 0.63 1.38 0.33
Nondurable goods 4 0.51 0.73 1.38 1.01
Services 5 1.08 0.93 0.83 1.15
Gross private domestic
investment 6 -0.37 0.66 3.16 2.04
Fixed investment 7 -0.80 0.76 2.59 1.57
Nonresidential 8 -1.02 0.33 1.50 1.07
Structures 9 -0.57 -0.15 -0.03 0.18
Equipment and software 10 -0.45 0.48 1.53 0.89
Residential 11 0.22 0.43 1.09 0.50
Change in private inventories 12 0.42 -0.10 0.57 0.47
Net exports of goods and
services 13 -0.70 -0.43 0.64 -0.66
Exports 14 -0.24 0.18 1.02 1.55
Goods 15 -0.29 0.14 0.64 1.00
Services 16 0.05 0.04 0.39 0.56
Imports 17 -0.46 -0.61 -0.39 -2.22
Goods 18 -0.42 -0.54 0.00 -1.96
Services 19 -0.04 -0.07 -0.39 -0.26
Government consumption
expenditures and gross
investment 20 0.79 0.52 0.03 0.31
Federal 21 0.46 0.43 -0.23 0.33
National defense 22 0.30 0.38 -0.36 0.50
Nondefense 23 0.16 0.06 0.13 -0.18
State and local 24 0.33 0.09 0.26 -0.02
Seasonally adjusted
at annual rates
2004
I II III
Percent change at annual rate:
Gross domestic product 4.5 3.3 3.9
Percentage points at annual
rates:
Personal consumption
expenditures 2.90 1.10 3.53
Durable goods 0.19 -0.02 1.37
Nondurable goods 1.33 0.03 0.96
Services 1.39 1.10 1.21
Gross private domestic
investment 1.86 2.85 0.46
Fixed investment 0.69 2.07 1.37
Nonresidential 0.42 1.21 1.27
Structures -0.19 0.16 -0.01
Equipment and software 0.61 1.05 1.28
Residential 0.27 0.86 0.10
Change in private inventories 1.17 0.78 -0.91
Net exports of goods and
services -0.76 -1.06 -0.27
Exports 0.70 0.70 0.62
Goods 0.60 0.41 0.62
Services 0.10 0.30 0.01
Imports -1.46 -1.77 -0.89
Goods -1.43 -1.52 -0.69
Services -0.03 -0.25 -0.20
Government consumption
expenditures and gross
investment 0.48 0.41 0.23
Federal 0.48 0.18 0.32
National defense 0.47 0.09 0.44
Nondefense 0.00 0.10 -0.12
State and local 0.00 0.23 -0.09
Table 1.1.3. Real Gross Domestic Product, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 102.626 105.749
Personal consumption
expenditures 2 105.698 109.143
Durable goods 3 111.150 119.378
Nondurable goods 4 104.630 108.481
Services 5 105.085 107.418
Gross private domestic
investment 6 89.928 93.852
Fixed investment 7 92.253 96.924
Nonresidential 8 87.302 90.157
Structures 9 80.346 75.810
Equipment and software 10 89.947 95.679
Residential 11 105.178 114.392
Change in private inventories 12
Net exports of goods and
services 13
Exports 14 92.343 94.116
Goods 15 90.068 92.018
Services 16 97.989 99.330
Imports 17 100.585 105.048
Goods 18 100.408 105.131
Services 19 101.571 104.753
Government consumption
expenditures and gross
investment 20 107.918 110.906
Federal 21 111.725 119.140
National defense 22 111.972 122.014
Nondefense 23 111.284 113.972
State and local 24 105.999 106.739
Seasonally adjusted
2003
III IV
Gross domestic product 106.681 107.780
Personal consumption
expenditures 109.828 110.794
Durable goods 122.733 123.902
Nondurable goods 109.145 110.517
Services 107.613 108.346
Gross private domestic
investment 95.616 98.771
Fixed investment 98.904 101.412
Nonresidential 91.802 94.235
Structures 75.955 77.406
Equipment and software 97.917 100.735
Residential 117.201 119.916
Change in private inventories
Net exports of goods and
services
Exports 94.300 98.170
Goods 92.190 95.694
Services 99.543 104.310
Imports 104.522 108.725
Goods 104.331 108.824
Services 105.543 108.360
Government consumption
expenditures and gross
investment 111.290 111.738
Federal 119.751 121.154
National defense 122.368 125.765
Nondefense 115.050 112.840
State and local 107.006 106.968
Seasonally adjusted
2004
I II III
Gross domestic product 108.969 109.858 110.927
Personal consumption
expenditures 111.925 112.360 113.761
Durable goods 124.572 124.482 129.526
Nondurable goods 112.331 112.367 113.684
Services 109.237 109.955 110.746
Gross private domestic
investment 101.672 106.191 106.917
Fixed investment 102.529 105.913 108.177
Nonresidential 95.204 98.041 101.070
Structures 75.886 77.171 77.108
Equipment and software 102.699 106.157 110.455
Residential 121.400 126.122 126.666
Change in private inventories
Net exports of goods and
services
Exports 99.924 101.690 103.264
Goods 97.810 99.242 101.433
Services 105.173 107.765 107.813
Imports 111.504 114.862 116.554
Goods 112.116 115.593 117.172
Services 108.675 111.458 113.709
Government consumption
expenditures and gross
investment 112.443 113.062 113.407
Federal 123.249 124.068 125.505
National defense 128.984 129.582 132.653
Nondefense 112.900 114.117 112.594
State and local 106.965 107.482 107.273
Table 1.1.4. Price Indexes for Gross Domestic Product
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 104.097 106.003
Personal consumption
expenditures 2 103.548 105.511
Durable goods 3 95.475 92.244
Nondurable goods 4 102.097 104.154
Services 5 106.083 109.237
Gross private domestic
investment 6 101.221 102.304
Fixed investment 7 101.232 102.435
Nonresidential 8 98.909 98.546
Structures 9 107.908 110.176
Equipment and software 10 95.868 94.754
Residential 11 107.246 111.951
Change in private inventories 12
Net exports of goods and
services 13
Exports 14 99.275 101.395
Goods 15 98.661 100.640
Services 16 100.769 103.219
Imports 17 96.326 99.615
Goods 18 95.281 98.068
Services 19 101.819 107.784
Government consumption
expenditures and gross
investment 20 105.313 108.702
Federal 21 105.288 109.081
National defense 22 105.488 109.875
Nondefense 23 104.932 107.631
State and local 24 105.317 108.485
Seasonally adjusted
2003
III IV
Gross domestic product 106.158 106.586
Personal consumption
expenditures 105.689 106.005
Durable goods 91.757 90.747
Nondurable goods 104.423 104.564
Services 109.529 110.266
Gross private domestic
investment 102.276 102.968
Fixed investment 102.401 103.101
Nonresidential 98.431 98.729
Structures 110.255 110.633
Equipment and software 94.588 94.862
Residential 112.097 113.675
Change in private inventories
Net exports of goods and
services
Exports 101.355 102.146
Goods 100.407 101.438
Services 103.628 103.865
Imports 99.606 99.837
Goods 97.911 98.011
Services 108.570 109.502
Government consumption
expenditures and gross
investment 108.898 109.167
Federal 109.181 109.447
National defense 109.917 110.278
Nondefense 107.838 107.917
State and local 108.736 109.007
Seasonally adjusted
2004
I II III
Gross domestic product 107.314 108.169 108.519
Personal consumption
expenditures 106.860 107.683 107.980
Durable goods 90.741 90.725 90.008
Nondurable goods 105.914 107.616 107.868
Services 111.085 111.667 112.243
Gross private domestic
investment 103.514 104.644 105.435
Fixed investment 103.618 104.709 105.513
Nonresidential 98.794 99.220 99.473
Structures 111.926 113.984 116.688
Equipment and software 94.612 94.626 94.281
Residential 115.179 117.710 119.722
Change in private inventories
Net exports of goods and
services
Exports 103.565 104.746 105.144
Goods 103.023 104.356 104.662
Services 104.897 105.726 106.340
Imports 102.163 103.760 105.041
Goods 100.355 102.267 103.533
Services 111.718 111.566 112.921
Government consumption
expenditures and gross
investment 110.522 111.703 112.628
Federal 111.203 112.020 112.459
National defense 111.825 112.790 113.295
Nondefense 110.095 110.613 110.917
State and local 110.131 111.524 112.735
Table 1.1.5. Gross Domestic Product
[Billions of dollars]
Line 2002 2003
Gross domestic product 1 10,487.0 11,004.0
Personal consumption
expenditures 2 7,376.1 7,760.9
Durable goods 3 916.2 950.7
Nondurable goods 4 2,080.1 2,200.1
Services 5 4,379.8 4,610.1
Gross private domestic
investment 6 1,579.2 1,665.8
Fixed investment 7 1,568.0 1,667.0
Nonresidential 8 1,063.9 1,094.7
Structures 9 271.6 261.6
Equipment and software 10 792.4 833.1
Residential 11 504.1 572.3
Change in private inventories 12 11.2 -1.2
Net exports of goods and
services 13 -424.9 -498.1
Exports 14 1,005.0 1,046.2
Goods 15 697.0 726.4
Services 16 308.0 319.8
Imports 17 1,429.9 1,544.3
Goods 18 1,189.6 1,282.0
Services 19 240.2 262.3
Government consumption
expenditures and gross
investment 20 1,956.6 2,075.5
Federal 21 680.8 752.2
National defense 22 437.4 496.4
Nondefense 23 243.4 255.7
State and local 24 1,275.8 1,323.3
Seasonally adjusted at
annual rates
2003
III IV
Gross domestic product 11,116.7 11,270.9
Personal consumption
expenditures 7,822.5 7,914.9
Durable goods 972.7 971.1
Nondurable goods 2,219.2 2,250.1
Services 4,630.6 4,693.6
Gross private domestic
investment 1,696.6 1,758.8
Fixed investment 1,700.2 1,755.2
Nonresidential 1,113.3 1,146.3
Structures 262.3 268.2
Equipment and software 851.1 878.1
Residential 586.9 609.0
Change in private inventories -3.7 3.5
Net exports of goods and
services -488.8 -502.8
Exports 1,047.7 1,099.2
Goods 725.9 761.3
Services 321.7 337.9
Imports 1,536.4 1,602.0
Goods 1,270.3 1,326.4
Services 266.1 275.6
Government consumption
expenditures and gross
investment 2,086.4 2,100.0
Federal 756.7 767.5
National defense 498.1 513.6
Nondefense 258.7 253.9
State and local 1,329.7 1,332.6
Seasonally adjusted at
annual rates
2004
I II III
Gross domestic product 11,472.6 11,657.5 11,810.0
Personal consumption
expenditures 8,060.2 8,153.8 8,278.3
Durable goods 976.3 975.5 1,007.0
Nondurable goods 2,316.6 2,354.6 2,387.7
Services 4,767.3 4,823.8 4,883.6
Gross private domestic
investment 1,819.7 1,920.7 1,949.5
Fixed investment 1,783.5 1,861.7 1,916.1
Nonresidential 1,158.8 1,198.5 1,238.7
Structures 266.0 275.5 281.8
Equipment and software 892.8 923.1 956.9
Residential 624.6 663.2 677.4
Change in private inventories 36.2 59.0 33.3
Net exports of goods and
services -546.8 -591.3 -616.7
Exports 1,134.3 1,167.6 1,190.1
Goods 790.3 812.2 832.6
Services 344.1 355.4 357.6
Imports 1,681.2 1,758.9 1,806.8
Goods 1,399.2 1,470.1 1,508.6
Services 282.0 288.8 298.2
Government consumption
expenditures and gross
investment 2,139.5 2,174.3 2,199.0
Federal 793.3 804.4 816.9
National defense 534.1 541.2 556.6
Nondefense 259.1 263.2 260.4
State and local 1,346.3 1,369.9 1,382.1
Table 1.1.6. Real Gross Domestic Product, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Gross domestic product 1 10,074.8 10,381.3
Personal consumption
expenditures 2 7,123.4 7,355.6
Durable goods 3 959.6 1,030.6
Nondurable goods 4 2,037.4 2,112.4
Services 5 4,128.6 4,220.3
Gross private domestic
investment 6 1,560.7 1,628.8
Fixed investment 7 1,548.9 1,627.3
Nonresidential 8 1,075.6 1,110.8
Structures 9 251.6 237.4
Equipment and software 10 826.5 879.2
Residential 11 470.0 511.2
Change in private inventories 12 11.7 -0.8
Net exports of goods and
services 13 -472.1 -518.5
Exports 14 1,012.3 1,031.8
Goods 15 706.4 721.7
Services 16 305.7 309.9
Imports 17 1,484.4 1,550.3
Goods 18 1,248.5 1,307.3
Services 19 235.9 243.3
Government consumption
expenditures and gross
investment 20 1,857.9 1,909.4
Federal 21 646.6 689.6
National defense 22 414.6 451.8
Nondefense 23 232.0 237.6
State and local 24 1,211.4 1,219.8
Residual 25 3.7 0.8
Seasonally adjusted at
annual rates
2003
III IV
Gross domestic product 10,472.8 10,580.7
Personal consumption
expenditures 7,401.7 7,466.8
Durable goods 1,059.6 1,069.7
Nondurable goods 2,125.3 2,152.0
Services 4,227.9 4,256.7
Gross private domestic
investment 1,659.4 1,714.1
Fixed investment 1,660.6 1,702.7
Nonresidential 1,131.1 1,161.0
Structures 237.9 242.4
Equipment and software 899.7 925.6
Residential 523.8 535.9
Change in private inventories -3.5 8.6
Net exports of goods and
services -508.7 -528.3
Exports 1,033.8 1,076.2
Goods 723.1 750.6
Services 310.5 325.4
Imports 1,542.5 1,604.5
Goods 1,297.3 1,353.2
Services 245.2 251.7
Government consumption
expenditures and gross
investment 1,916.0 1,923.7
Federal 693.1 701.2
National defense 453.1 465.7
Nondefense 239.9 235.2
State and local 1,222.9 1,222.5
Residual -4.9 -4.7
Seasonally adjusted at
annual rates
2004
I II III
Gross domestic product 10,697.5 10,784.7 10,889.7
Personal consumption
expenditures 7,543.0 7,572.4 7,666.8
Durable goods 1,075.5 1,074.7 1,118.2
Nondurable goods 2,187.3 2,188.0 2,213.7
Services 4,291.7 4,320.0 4,351.0
Gross private domestic
investment 1,764.5 1,842.9 1,855.5
Fixed investment 1,721.4 1,778.3 1,816.3
Nonresidential 1,173.0 1,207.9 1,245.3
Structures 237.7 241.7 241.5
Equipment and software 943.7 975.5 1,015.0
Residential 542.5 563.6 566.1
Change in private inventories 40.0 61.1 35.9
Net exports of goods and
services -550.1 -580.3 -588.0
Exports 1,095.4 1,114.8 1,132.1
Goods 767.2 778.4 795.6
Services 328.1 336.2 336.3
Imports 1,645.5 1,695.1 1,720.1
Goods 1,394.1 1,437.4 1,457.0
Services 252.4 258.9 264.1
Government consumption
expenditures and gross
investment 1,935.8 1,946.5 1,952.4
Federal 713.3 718.1 726.4
National defense 477.6 479.9 491.2
Nondefense 235.4 237.9 234.7
State and local 1,222.4 1,228.3 1,225.9
Residual -5.1 -4.3 -14.3
NOTE. Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum
of the most detailed lines.
Table 1.1.7. Percent Change From Preceding Period in Prices for
Gross Domestic Product
[Percent]
Line 2002 2003
Gross domestic product 1 1.7 1.8
Personal consumption
expenditures 2 1.4 1.9
Durable goods 3 -2.7 -3.4
Nondurable goods 4 0.6 2.0
Services 5 2.7 3.0
Gross private domestic
investment 6 0.2 1.1
Fixed investment 7 0.2 1.2
Nonresidential 18 -0.8 -0.4
Structures 9 2.4 2.1
Equipment and software 10 -1.9 -1.2
Residential 11 2.5 4.4
Change in private inventories 12
Net exports of goods and
services 13
Exports 14 -0.4 2.1
Goods 15 0.7 2.0
Services 16 0.4 2.4
Imports 17 1.2 3.4
Goods 18 -1.8 2.9
Services 19 1.7 5.9
Government consumption
expenditures and gross 20 2.7 3.2
investment 21 3.3 3.6
Federal 22 3.4 4.2
National defense 23 3.1 2.6
Nondefense 24 2.4 3.0
State and local
Addendum:
Gross national product 25 1.6 1.8
Seasonally adjusted
at annual rates
2003
III IV
Gross domestic product 1.4 1.6
Personal consumption
expenditures 1.6 1.2
Durable goods -4.4 -4.3
Nondurable goods 3.5 0.5
Services 2.0 2.7
Gross private domestic
investment 1.2 2.7
Fixed investment 1.2 2.8
Nonresidential 0.3 1.2
Structures 1.3 1.4
Equipment and software 0.0 1.2
Residential 3.1 5.8
Change in private inventories
Net exports of goods and
services
Exports 0.8 3.2
Goods 0.6 4.2
Services 4.0 0.9
Imports 2.6 0.9
Goods 2.4 0.4
Services 3.6 3.5
Government consumption
expenditures and gross 2.2 1.0
investment 1.1 1.0
Federal 1.1 1.3
National defense 1.0 0.3
Nondefense 2.9 1.0
State and local
Addendum:
Gross national product 1.5 1.6
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 2.8 3.2 1.3
Personal consumption
expenditures 3.3 3.1 1.1
Durable goods 0.0 -0.1 -3.1
Nondurable goods 5.3 6.6 0.9
Services 3.0 2.2 2.1
Gross private domestic
investment 2.1 4.4 3.1
Fixed investment 2.0 4.3 3.1
Nonresidential 0.3 1.7 1.0
Structures 4.8 7.6 9.8
Equipment and software -1.1 0.1 -1.5
Residential 5.4 9.1 7.0
Change in private inventories
Net exports of goods and
services
Exports 5.7 4.6 1.5
Goods 6.4 5.3 1.2
Services 4.0 3.2 2.3
Imports 9.6 6.4 5.0
Goods 9.9 7.8 5.0
Services 8.3 -0.5 4.9
Government consumption
expenditures and gross 5.1 4.3 3.4
investment 6.6 3.0 1.6
Federal 5.7 3.5 1.8
National defense 8.3 1.9 1.1
Nondefense 4.2 5.2 4.4
State and local
Addendum:
Gross national product 2.8 3.2 1.3
Table 1.1.8. Contributions to Percent Change in the Gross Domestic
Product Price Index
Line 2002 2003
Percent change at annual rate:
Gross domestic product 1 1.7 1.8
Percentage points at annual
rates:
Personal consumption
expenditures 2 1.00 1.33
Durable goods 3 -0.24 -0.30
Nondurable goods 4 0.11 0.40
Services 5 1.13 1.24
Gross private domestic
investment 6 0.03 0.16
Fixed investment 7 0.03 0.18
Nonresidential 8 -0.08 -0.04
Structures 9 0.07 0.05
Equipment and software 10 -0.15 -0.09
Residential 11 0.12 0.22
Change in private inventories 12 0.00 -0.02
Net exports of goods and
services 13 0.13 -0.27
Exports 14 -0.04 0.20
Goods 15 -0.05 0.13
Services 16 0.01 0.07
Imports 17 0.17 -0.47
Goods 18 0.21 -0.33
Services 19 -0.04 -0.13
Government consumption
expenditures and gross
investment 20 0.49 0.60
Federal 21 0.21 0.24
National defense 22 0.14 0.18
Nondefense 23 0.07 0.06
State and local 24 0.29 0.36
Seasonally adjusted
at annual rates
2003
III IV
Percent change at annual rate:
Gross domestic product 1.4 1.6
Percentage points at annual
rates:
Personal consumption
expenditures 1.14 0.85
Durable goods -0.39 -0.38
Nondurable goods 0.70 0.11
Services 0.83 1.13
Gross private domestic
investment 0.17 0.42
Fixed investment 0.19 0.42
Nonresidential 0.03 0.12
Structures 0.03 0.03
Equipment and software 0.00 0.09
Residential 0.16 0.30
Change in private inventories -0.02 -0.01
Net exports of goods and
services -0.29 0.17
Exports 0.07 0.30
Goods -0.04 0.27
Services 0.11 0.03
Imports -0.37 -0.13
Goods -0.28 -0.05
Services -0.09 -0.08
Government consumption
expenditures and gross
investment 0.42 0.18
Federal 0.07 0.06
National defense 0.05 0.06
Nondefense 0.02 0.01
State and local 0.35 0.12
Seasonally adjusted
at annual rates
2004
I II III
Percent change at annual rate:
Gross domestic product 2.8 3.2 1.3
Percentage points at annual
rates:
Personal consumption
expenditures 2.28 2.18 0.78
Durable goods 0.00 -0.01 -0.27
Nondurable goods 1.04 1.30 0.19
Services 1.24 0.88 0.85
Gross private domestic
investment 0.34 0.71 0.50
Fixed investment 0.31 0.67 0.49
Nonresidential 0.03 0.18 0.11
Structures 0.11 0.17 0.22
Equipment and software -0.08 0.01 -0.12
Residential 0.29 0.49 0.39
Change in private inventories 0.02 0.05 0.01
Net exports of goods and
services -0.78 -0.47 -0.59
Exports 0.54 0.45 0.15
Goods 0.43 0.36 0.08
Services 0.12 0.10 0.07
Imports -1.33 -0.92 -0.74
Goods -1.13 -0.94 -0.62
Services -0.20 0.01 -0.12
Government consumption
expenditures and gross
investment 0.93 0.80 0.62
Federal 0.44 0.20 0.11
National defense 0.26 0.16 0.08
Nondefense 0.18 0.04 0.02
State and local 0.49 0.60 0.51
Table 1.1.9. Implicit Price Deflators for Gross Domestic Product
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 104.092 105.998
Personal consumption
expenditures 2 103.547 105.510
Durable goods 3 95.475 92.244
Nondurable goods 4 102.097 104.153
Services 5 106.084 109.237
Gross private domestic
investment 6 101.186 102.271
Fixed investment 7 101.235 102.436
Nonresidential 8 98.913 98.547
Structures 9 107.923 110.180
Equipment and software 10 95.868 94.754
Residential 11 107.246 111.952
Change in private inventories 12
Net exports of goods and
services 13
Exports 14 99.275 101.396
Goods 15 98.661 100.640
Services 16 100.769 103.219
Imports 17 96.326 99.615
Goods 18 95.281 98.068
Services 19 101.820 107.784
Government consumption
expenditures and gross
investment 20 105.313 108.702
Federal 21 105.288 109.082
National defense 22 105.489 109.876
Nondefense 23 104.932 107.632
State and local 24 105.318 108.485
Addendum:
Gross national product 25 104.082 105.992
Seasonally adjusted
2003
III IV
Gross domestic product 106.148 106.523
Personal consumption
expenditures 105.685 106.000
Durable goods 91.799 90.788
Nondurable goods 104.418 104.560
Services 109.525 110.263
Gross private domestic
investment 102.240 102.603
Fixed investment 102.388 103.086
Nonresidential 98.431 98.728
Structures 110.249 110.624
Equipment and software 94.589 94.863
Residential 112.054 113.630
Change in private inventories
Net exports of goods and
services
Exports 101.343 102.133
Goods 100.395 101.425
Services 103.612 103.849
Imports 99.607 99.840
Goods 97.918 98.019
Services 108.546 109.478
Government consumption
expenditures and gross
investment 108.897 109.167
Federal 109.180 109.449
National defense 109.917 110.283
Nondefense 107.839 107.919
State and local 108.736 109.007
Addendum:
Gross national product 106.146 106.516
2004
I II III
Gross domestic product 107.246 108.093 108.452
Personal consumption
expenditures 106.856 107.679 107.976
Durable goods 90.783 90.767 90.049
Nondurable goods 105.909 107.611 107.863
Services 111.080 111.663 112.239
Gross private domestic
investment 103.130 104.221 105.063
Fixed investment 103.603 104.693 105.498
Nonresidential 98.792 99.220 99.472
Structures 111.916 113.974 116.677
Equipment and software 94.611 94.627 94.282
Residential 115.133 117.664 119.674
Change in private inventories
Net exports of goods and
services
Exports 103.550 104.732 105.130
Goods 103.009 104.343 104.648
Services 104.881 105.711 106.323
Imports 102.165 103.763 105.043
Goods 100.363 102.276 103.542
Services 111.692 111.542 112.895
Government consumption
expenditures and gross
investment 110.523 111.703 112.628
Federal 111.205 112.022 112.461
National defense 111.830 112.795 113.299
Nondefense 110.097 110.616 110.919
State and local 110.130 111.523 112.734
Addendum:
Gross national product 107.240 108.087 108.451
Table 1.1.10. Percentage Shares of Gross Domestic Product
[Percent]
2003
Line 2002 2003 III IV
Gross domestic product 1 100.0 100.0 100.0 100.0
Personal consumption
expenditures 2 70.3 70.5 70.4 70.2
Durable goods 3 8.7 8.6 8.7 8.6
Nondurable goods 4 19.8 20.0 20.0 20.0
Services 5 41.8 41.9 41.7 41.6
Gross private domestic
investment 6 15.1 15.1 15.3 15.6
Fixed investment 7 15.0 15.1 15.3 15.6
Nonresidential 8 10.1 9.9 10.0 10.2
Structures 19 2.6 2.4 2.4 2.4
Equipment and software 10 7.6 7.6 7.7 7.8
Residential 11 4.8 5.2 5.3 5.4
Change in private inventories 12 0.1 0.0 0.0 0.0
Net exports of goods and
services 13 -4.1 -4.5 -4.4 -4.5
Exports 14 9.6 9.5 9.4 9.8
Goods 15 6.6 6.6 6.5 6.8
Services 16 2.9 2.9 2.9 3.0
Imports 17 13.6 14.0 13.8 14.2
Goods 18 11.3 11.7 11.4 11.8
Services 19 2.3 2.4 2.4 2.4
Government consumption
expenditures and gross
investment 20 18.7 18.9 18.8 18.6
Federal 21 6.5 6.8 6.8 6.8
National defense 22 4.2 4.5 4.5 4.6
Nondefense 23 2.3 2.3 2.3 2.3
State and local 24 12.2 12.0 12.0 11.8
2004
I II III
Gross domestic product 100.0 100.0 100.0
Personal consumption
expenditures 70.3 69.9 70.1
Durable goods 8.5 8.4 8.5
Nondurable goods 20.2 20.2 20.2
Services 41.6 41.4 41.4
Gross private domestic
investment 15.9 16.5 16.5
Fixed investment 15.5 16.0 16.2
Nonresidential 10.1 10.3 10.5
Structures 2.3 2.4 2.4
Equipment and software 7.8 7.9 8.1
Residential 5.4 5.7 5.7
Change in private inventories 0.3 0.5 0.3
Net exports of goods and
services -4.8 -5.1 -5.2
Exports 9.9 10.0 10.1
Goods 6.9 7.1 7.0
Services 3.0 3.0 3.0
Imports 14.7 15.1 15.3
Goods 12.2 12.6 12.8
Services 2.5 2.5 2.5
Government consumption
expenditures and gross
investment 18.6 18.7 18.6
Federal 6.9 6.9 6.9
National defense 4.7 4.6 4.7
Nondefense 2.3 2.3 2.2
State and local 11.7 11.8 11.7
Table 1.2.1. Percent Change From Preceding Period in Real
Gross Domestic Product by Major Type of Product
[Percent]
Line 2002 2003
Gross domestic product 1 1.9 3.0
Final sales of domestic
product 2 1.4 3.1
Change in private
inventories 3
Goods 4 1.2 4.3
Final sales 5 0.0 4.7
Change in private inventories 6
Durable goods 7 0.8 5.8
Final sales 8 -2.6 6.6
Change in private
inventories (1) 9
Nondurable goods 10 1.6 3.2
Final sales 11 2.3 3.1
Change in private
inventories (1) 12
Services (2) 13 3.0 2.3
Structures 14 -2.4 3.0
Addenda:
Motor vehicle output 15 11.6 4.2
Gross domestic product
excluding motor vehicle
output 16 1.5 3.0
Final sales of computers (3) 17 8.8 41.0
Gross domestic product
excluding final sales of
computers 18 1.8 2.8
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 19 2.3 3.0
Seasonally adjusted
at annual rates
2003
III IV
Gross domestic product 7.4 4.2
Final sales of domestic
product 6.8 3.7
Change in private
inventories
Goods 17.7 5.8
Final sales 15.7 4.3
Change in private inventories
Durable goods 25.2 11.9
Final sales 24.4 4.6
Change in private
inventories (1)
Nondurable goods 11.7 0.9
Final sales 8.9 4.1
Change in private
inventories (1)
Services (2) 1.1 3.1
Structures 13.9 5.4
Addenda:
Motor vehicle output 26.3 2.9
Gross domestic product
excluding motor vehicle
output 6.8 4.2
Final sales of computers (3) 93.7 29.0
Gross domestic product
excluding final sales of
computers 6.8 4.0
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 5.9 4.3
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 4.5 3.3 3.9
Final sales of domestic
product 3.3 2.5 4.9
Change in private
inventories
Goods 8.2 2.5 8.1
Final sales 4.6 0.1 11.3
Change in private inventories
Durable goods 8.7 2.6 9.5
Final sales 4.7 -1.1 18.9
Change in private
inventories (1)
Nondurable goods 7.8 2.4 7.0
Final sales 4.4 1.0 5.5
Change in private
inventories (1)
Services (2) 3.0 2.3 2.6
Structures 0.7 12.7 -1.3
Addenda:
Motor vehicle output 8.8 -15.2 10.1
Gross domestic product
excluding motor vehicle
output 4.3 4.0 3.7
Final sales of computers (3) 0.1 0.1 20.9
Gross domestic product
excluding final sales of
computers 4.5 3.3 3.8
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 5.0 4.0 3.8
(1.) Estimates for durable goods and nondurable goods for 1996 and
earlier periods are based on the 1987 Standard Industrial
Classification (SIC); later estimates for these industries are based
on the North American Industry Classification System (NAICS).
(2.) Includes government consumption expenditures, which are for
services (such as education and national defense) produced by
government. In current dollars, these services are valued at their
cost of production.
(3.) For some components of final sales of computers, includes
computer parts.
Table 1.2.2. Contributions to Percent Change in Real Gross Domestic
Product by Major Type of Product
Line 2002 2003
Percent change at annual rate:
Gross domestic product 1 1.9 3.0
Percentage points at annual
rates:
Final sales of domestic
product 2 1.44 3.14
Change in private
inventories 3 0.42 -0.10
Goods 4 0.41 1.41
Final sales 5 -0.01 1.51
Change in private inventories 6 0.42 -0.10
Durable goods 7 0.12 0.85
Final sales 8 -0.41 0.96
Change in private
inventories (1) 9 0.54 -0.11
Nondurable goods 10 0.29 0.56
Final sales 11 0.40 0.55
Change in private
inventories (1) 12 -0.11 0.01
Services (2) 13 1.69 1.35
Structures 14 -0.24 0.29
Addenda:
Motor vehicle output 15 0.39 0.19
Gross domestic product
excluding motor vehicle
output 16 1.47 2.85
Final sales of computers (2) 17 0.08 0.31
Gross domestic product
excluding final sales of
computers 18 1.78 273
Seasonally adjusted
at annual rates
2003
III IV
Percent change at annual rate:
Gross domestic product 7.4 4.2
Percentage points at annual
rates:
Final sales of domestic
product 6.84 3.71
Change in private
inventories 0.57 0.47
Goods 5.45 1.90
Final sales 4.88 1.42
Change in private inventories 0.57 0.47
Durable goods 3.41 1.71
Final sales 3.34 0.70
Change in private
inventories (1) 0.08 1.02
Nondurable goods 2.04 0.18
Final sales 1.55 0.73
Change in private
inventories (1) 0.49 -0.54
Services (2) 0.67 1.77
Structures 1.29 0.52
Addenda:
Motor vehicle output 0.84 0.11
Gross domestic product
excluding motor vehicle
output 6.57 4.08
Final sales of computers (2) 0.64 0.26
Gross domestic product
excluding final sales of
computers 6.77 3.93
Seasonally adjusted
at annual rates
2004
I II III
Percent change at annual rate:
Gross domestic product 4.5 3.3 3.9
Percentage points at annual
rates:
Final sales of domestic
product 3.32 2.52 4.86
Change in private
inventories 1.17 0.78 -0.91
Goods 2.65 0.82 2.60
Final sales 1.49 0.03 3.52
Change in private inventories 1.17 0.78 -0.91
Durable goods 1.28 0.39 1.38
Final sales 0.70 -0.15 2.56
Change in private
inventories (1) 0.58 0.54 -1.18
Nondurable goods 1.37 0.42 1.22
Final sales 0.79 0.18 0.96
Change in private
inventories (1) 0.58 0.25 0.27
Services (2) 1.76 1.30 1.48
Structures 0.07 1.19 -0.13
Addenda:
Motor vehicle output 0.30 -0.58 0.33
Gross domestic product
excluding motor vehicle
output 4.18 3.88 3.62
Final sales of computers (2) 0.00 0.00 0.18
Gross domestic product
excluding final sales of
computers 4.48 3.30 3.77
(1.) Estimates for durable goods and nondurable goods for 1996 and
earlier periods are based on the 1987 Standard Industrial
Classification (SIC); later estimates for these industries are based
on the North American Industry Classification System (NAICS).
(2.) Includes government consumption expenditures, which are for
services (such as education and national defense) produced by
government. In current dollars, these services are valued at their
cost of production.
(3.) For some components of final sales of computers, includes
computer parts.
Table 1.2.3. Real Gross Domestic Product by Major Type of Product,
Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 102.626 105.749
Final sales of domestic
product 2 103.102 106.346
Change in private
inventories 3
Goods 4 99.520 103.840
Final sales 5 100.824 105.526
Change in private inventories 6
Durable goods 7 96.238 101.797
Final sales 8 97.510 103.950
Change in private
inventories (1) 9
Nondurable goods 10 102.591 105.827
Final sales 11 103.825 107.017
Change in private
inventories (1) 12
Services (2) 13 105.389 107.839
Structures 14 97.955 100.891
Addenda:
Motor vehicle output 15 106.338 110.849
Gross domestic product
excluding motor vehicle
output 16 102.497 105.570
Final sales of computers (3) 17 123.817 174.608
Gross domestic product
excluding final sales of
computers 18 102.428 105.248
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 19 103.118 106.238
Seasonally adjusted
2003
III IV
Gross domestic product 106.681 107.780
Final sales of domestic
product 107.309 108.290
Change in private
inventories
Goods 105.824 107.331
Final sales 107.623 108.771
Change in private inventories
Durable goods 104.372 107.357
Final sales 107.457 108.676
Change in private
inventories (1) .
Nondurable goods 107.295 107.543
Final sales 107.900 108.988
Change in private
inventories (1) .
Services (2) 108.018 108.836
Structures 102.624 103.985
Addenda:
Motor vehicle output 114.069 114.894
Gross domestic product
excluding motor vehicle
output 106.422 107.531
Final sales of computers (3) 188.982 201.418
Gross domestic product
excluding final sales of
computers 106.101 107.136
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 106.979 108.120
Seasonally adjusted
2004
I II III
Gross domestic product 108.969 109.858 110.927
Final sales of domestic
product 109.173 109.854 111.183
Change in private
inventories
Goods 109.477 110.142 112.313
Final sales 109.988 110.003 112.997
Change in private inventories
Durable goods 109.632 110.325 112.866
Final sales 109.931 109.632 114.485
Change in private
inventories (1)
Nondurable goods 109.586 110.228 112.098
Final sales 110.174 110.448 111.925
Change in private
inventories (1)
Services (2) 109.656 110.269 110.972
Structures 104.164 107.319 106.963
Addenda:
Motor vehicle output 117.344 112.620 115.369
Gross domestic product
excluding motor vehicle
output 108.676 109.758 110.770
Final sales of computers (3) 201.489 201.553 211.327
Gross domestic product
excluding final sales of
computers 108.329 109.221 110.244
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 109.444 110.524 111.551
(1.) Estimates for durable goods and nondurable goods for 1996 and
earlier periods are based on the 1987 Standard Industrial
Classification (SIC); later estimates for these industries are based
on the North American Industry Classification System (NAICS).
(2.) Includes government consumption expenditures, which are for
services (such as education and national defense) produced by
government. In current dollars, these services are valued at their
cost of production.
(3.) For some components of final sales of computers, includes
computer parts.
Table 1.2.4. Price Indexes for Gross Domestic Product
by Major Type of Product
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 104.097 106.003
Final sales of domestic
product 2 104.100 106.025
Change in private
inventories 3
Goods 4 100.214 99.533
Final sales 5 100.222 99.592
Change in private inventories 6 .
Durable goods 7 96.618 94.128
Final sales 8 96.625 94.159
Change in private
inventories (1) 9
Nondurable goods 10 103.529 104.499
Final sales 11 103.576 104.616
Change in private
inventories (1) 12
Services (2) 13 105.925 109.124
Structures 14 107.355 110.979
Addenda:
Motor vehicle output 15 97.710 96.462
Gross domestic product
excluding motor vehicle
output 16 104.338 106.372
Final sales of computers (3) 17 63.542 53.457
Gross domestic product
excluding final sales of
computers 18 104.610 106.710
Seasonally adjusted
2003
III IV
Gross domestic product 106.158 106.586
Final sales of domestic
product 106.179 106.608
Change in private
inventories
Goods 99.519 99.533
Final sales 99.577 99.593
Change in private inventories
Durable goods 93.660 93.086
Final sales 93.696 93.139
Change in private
inventories (1)
Nondurable goods 104.897 105.469
Final sales 105.009 105.570
Change in private
inventories (1)
Services (2) 109.383 109.971
Structures 111.126 112.146
Addenda:
Motor vehicle output 96.245 96.048
Gross domestic product
excluding motor vehicle
output 106.541 106.995
Final sales of computers (3) 52.134 51.321
Gross domestic product
excluding final sales of
computers 106.891 107.344
Seasonally Adjusted
2004
I II III
Gross domestic product 107.314 108.169 108.519
Final sales of domestic
product 107.332 108.178 108.529
Change in private
inventories
Goods 99.733 100.325 99.760
Final sales 99.778 100.344 99.766
Change in private inventories
Durable goods 92.741 92.630 92.096
Final sales 92.791 92.635 92.058
Change in private
inventories (1)
Nondurable goods 106.191 107.457 106.863
Final sales 106.259 107.507 106.930
Change in private
inventories (1)
Services (2) 110.943 111.699 112.293
Structures 113.408 115.849 118.222
Addenda:
Motor vehicle output 96.266 96.347 95.248
Gross domestic product
excluding motor vehicle
output 107.744 108.630 109.038
Final sales of computers (3) 50.327 49.946 48.586
Gross domestic product
excluding final sales of
computers 108.106 108.983 109.369
(1.) Estimates for durable goods and nondurable goods for 1996 and
earlier periods are based on the 1987 Standard Industrial
Classifiaction (SIC); later estimates for these industries are based
on the North American Industry Classifiaction System (NAICS).
(2.) Includes government consumption expenditures, which are for
services (such as education and national defense) produced by
government. In current dollars, these services are valued at their
cost of production.
(3.) For some components of final sales of computers, includes
computer parts.
Table 1.2.5. Gross Domestic Product
by Major Type of Product
[Billions of dollars]
Line 2002 2003
Gross domestic product 1 10,487.0 11,004.0
Final sales of domestic
product 2 10,475.9 11,005.3
Change in private
inventories 3 11.2 -1.2
Goods 4 3,439.5 3,564.5
Final sales 5 3,428.4 3,565.7
Change in private inventories 6 11.2 -1.2
Durable goods 7 1,570.9 1,618.8
Final sales 8 1,557.7 1,618.2
Change in private
inventories (1) 9 13.2 0.6
Nondurable goods 10 1,868.6 1,945.7
Final sales 11 1,870.7 1,947.5
Change in private 12 -2.0 -1.8
inventories (1) 13 6,056.9 6,384.7
Services (2) 14 990.7 1,054.8
Structures
Addenda: 15 379.2 390.2
Motor vehicle output
Gross domestic product
excluding motor vehicle 16 10,107.8 10,613.8
output 17 86.5 102.6
Final sales of computers (3)
Gross domestic product
excluding final sales of
computers 18 10,400.5 10,901.4
Seasonally adjusted
at annual rates
2003
III IV
Gross domestic product 11,116.7 11,270.9
Final sales of domestic
product 11,120.4 11,267.4
Change in private
inventories -3.7 3.5
Goods 3,632.3 3,679.0
Final sales 3,636.0 3,675.4
Change in private inventories -3.7 3.5
Durable goods 1,652.1 1,689.1
Final sales 1,665.3 1,674.2
Change in private
inventories (1) -13.2 14.9
Nondurable goods 1,980.3 1,989.9
Final sales 1,970.8 2,001.3
Change in private 9.5 -11.4
inventories (1) 6,410.3 6,493.6
Services (2) 1,074.1 1,098.4
Structures
Addenda: 400.6 402.9
Motor vehicle output
Gross domestic product
excluding motor vehicle 10,716.1 10,868.0
output 108.8 114.1
Final sales of computers (3)
Gross domestic product
excluding final sales of
computers 11,008.0 11,156.8
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 11,472.6 11,657.5 11,810.0
Final sales of domestic
product 11,436.4 11,598.5 11,776.7
Change in private
inventories 36.2 59.0 33.3
Goods 3,759.7 3,804.0 3,858.2
Final sales 3,723.4 3,745.0 3,824.8
Change in private inventories 36.3 59.0 33.3
Durable goods 1,718.4 1,727.2 1,756.7
Final sales 1,687.2 1,679.8 1,743.2
Change in private
inventories (1) 31.2 47.4 13.5
Nondurable goods 2,041.3 2,076.9 2,101.5
Final sales 2,036.2 2,065.3 2,081.6
Change in private 5.0 11.6 19.8
inventories (1) 6,600.4 6,682.5 6,760.9
Services (2) 1,112.6 1,171.0 1,191.0
Structures
Addenda: 412.3 396.1 401.1
Motor vehicle output
Gross domestic product
excluding motor vehicle 1,160.9 11,261.4 11,408.9
output 111.9 111.1 113.3
Final sales of computers (3)
Gross domestic product
excluding final sales of
computers 11,360.7 11,546.4 11,696.7
1. Estimates for durable goods and nondurable goods for 1996 and
earlier periods are based on the 1987 Standard Industrial
Classification (SIC): later estimates for these industries are based
on the North American Industry Classification System (NAICS),
(2.) Includes government consumption expenditures, which are for
services (such as education and national defense) produced by
government. In current dollars, these services are valued at their
cost of production.
(3.) For some components of final sales of computers, includes
computer parts.
Table 1.2.6. Real Gross Domestic Product
by Major Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Gross domestic product 1 10,074.8 10,381.3
Final sales of domestic
product 2 10,063.2 10,379.9
Change in private
inventories 3 11.7 -0.8
Residual 4 -0.1 2.2
Goods 5 3,432.8 3,581.8
Final sales 6 3,420.8 3,580.3
Change in private inventories 7 11.7 -0.8
Durable goods 8 1,625.8 1,719.7
Final sales 9 1,612.1 1,718.6
Change in private
inventories (1) 10 13.4 0.4
Nondurable goods 11 1,805.6 1,862.5
Final sales 12 1,806.0 1,861.6
Change in private
inventories (1) 13 -1.5 -1.1
Services (2) 14 5,718.0 5,850.9
Structures 15 922.8 950.4
Residual 16 3.9 0.5
Addenda:
Motor vehicle output 17 388.1 404.6
Gross domestic product
excluding motor vehicle
output 18 9,688.0 9,978.5
Final sales of computers (3) 19 136.1 192.0
Gross domestic product
excluding final sales of
computers 20 9,942.7 10,216.5
Seasonally adjusted
at annual rates
2003
III IV
Gross domestic product 10,472.8 10,580.7
Final sales of domestic
product 10,473.9 10,569.6
Change in private
inventories -3.5 8.6
Residual 2.4 2.5
Goods 3,650.2 3,702.2
Final sales 3,651.5 3,690.4
Change in private inventories -3.5 8.6
Durable goods 1,763.2 1,813.7
Final sales 1,776.6 1,796.8
Change in private
inventories (1) -13.5 14.9
Nondurable goods 1,888.4 1,892.7
Final sales 1,877.0 1,895.9
Change in private
inventories (1) 9.2 -5.5
Services (2) 5,860.6 5,905.0
Structures 966.8 979.6
Residual -3.9 -6.0
Addenda:
Motor vehicle output 416.3 419.3
Gross domestic product
excluding motor vehicle
output 10,059.0 10,163.8
Final sales of computers (3) 207.8 221.4
Gross domestic product
excluding final sales of
computers 10,299.3 10,399.7
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 10,697.5 10,784.7 10,889.7
Final sales of domestic
product 10,655.8 10,722.3 10,852.0
Change in private
inventories 40.0 61.1 35.9
Residual 1.7 1.3 1.8
Goods 3,776.2 3,799.2 3,874.1
Final sales 3,731.7 3,732.2 3,833.8
Change in private inventories 40.0 61.1 35.9
Durable goods 1,852.1 1,863.8 1,906.7
Final sales 1,817.5 1,812.6 1,892.8
Change in private
inventories (1) 31.3 46.8 13.0
Nondurable goods 1,928.7 1,940.0 1,972.9
Final sales 1,916.5 1,921.3 1,947.0
Change in private
inventories (1) 9.8 16.1 22.6
Services (2) 5,949.5 5,982.7 6,020.9
Structures 981.3 1,011.0 1,007.6
Residual -8.4 -5.8 -14.2
Addenda:
Motor vehicle output 428.3 411.0 1,421.1
Gross domestic product
excluding motor vehicle
output 10,272.1 10,374.3 10,470.0
Final sales of computers (3) 221.5 221.6 232.3
Gross domestic product
excluding final sales of
computers 10,515.5 10,602.1 10,701.4
(1.) Estimates for durable goods and nondurable goods for 1996 and
earlier periods are based on the 1987 Standard Industrial
Classification (SIC): later estimates for these industries are based
on the North American Industry Classification System (NAICS),
(2.) Includes government consumption expenditures, which are for
services (such as education and national defense) produced by
government. In current dollars, these services are valued at their
cost of production.
(3.) For some components of final sales of computers, includes
computer parts.
NOTE. Chained (2000) dollar series are calculated as the product of
the chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line following change in private inventories is the difference
between gross domestic product and the sum of final sales of domestic
product and of change in private inventories: the residual line
following structures is the difference between gross domestic product
and the sum of the detailed lines of goods, of services, and of
structures.
Table 1.3.1. Percent Change From Preceding Period in Real Gross
Value Added by Sector
[Percent]
Seasonally
adjusted
at annual
rates
Line 2002 2003 2003
III IV
Gross domestic product 1 1.9 3.0 7.4 4.2
Business (1) 2 1.8 3.8 9.3 4.2
Nonfarm (2) 3 1.8 3.8 9.3 4.6
Farm 4 6.5 4.0 0.5 -30.6
Households and institutions 5 2.3 -0.3 2.4 7.7
Households 6 2.3 -0.9 3.8 11.4
Nonprofit institutions serving
households (3) 7 2.3 0.5 0.7 3.0
General government (4) 8 1.7 1.1 0.4 0.8
Federal 9 1.9 2.6 0.3 -0.3
State and local 10 1.6 0.5 0.4 1.3
Addendum:
Gross Gross housing value added 11 2.6 -1.8 1.1 9.4
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 4.5 3.3 3.9
Business (1) 5.3 3.9 4.5
Nonfarm (2) 5.7 4.2 4.2
Farm -31.3 -21.3 36.6
Households and institutions 3.0 2.8 2.9
Households 4.4 3.6 3.7
Nonprofit institutions serving
households (3) 1.2 1.6 1.9
General government (4) 0.9 0.1 1.6
Federal 1.8 -0.7 0.4
State and local 0.5 0.5 2.1
Addendum:
Gross Gross housing value added 3.5 2.8 3.0
(1.) Equals gross domestic product excluding gross value added of
households and institutions and of general government.
(2.) Equals gross domestic business value added excluding gross farm
value added.
(3.) Equals compensation of employees of nonprofit institutions, the
rental value of nonresidential fixed assets owned and used by nonprofit
institutions serving households, and rental income of persons for
tenant-occupied housing owned by nonprofit institutions.
(4.) Equals compensation of general government employees plus general
government consumption of fixed capital.
Table 1.3.3. Real Gross Value Added by Sector,
Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 102.626 105.749
Business (1) 2 102.144 106.071
Nonfarm (2) 3 102.188 106.115
Farm 4 97.716 101.633
Households and institutions 5 105.095 104.793
Households 6 105.539 104.599
Nonprofit institutions serving
households (3) 7 104.511 105.039
General government (4) 8 103.539 104.718
Federal 9 102.470 105.174
State and local 10 103.983 104.514
Addendum:
Gross Gross housing value added 11 105.307 103.364
Seasonally adjusted
2003
III IV
Gross domestic product 106.681 107.780
Business (1) 107.327 108.428
Nonfarm (2) 107.330 108.550
Farm 106.684 97.378
Households and institutions 104.429 106.378
Households 104.060 106.911
Nonprofit institutions serving
households (3) 104.900 105.688
General government (4) 104.797 105.017
Federal 105.461 105.385
State and local 104.504 104.851
Addendum:
Gross Gross housing value added 102.522 104.862
Seasonally adjusted
2004
I II III
Gross domestic product 108.969 109.858 110.927
Business (1) 109.826 110.870 112.084
Nonfarm (2) 110.077 111.205 112.346
Farm 88.652 83.502 90.267
Households and institutions 107.156 107.887 108.668
Households 108.056 109.027 110.033
Nonprofit institutions serving
households (3) 105.992 106.415 106.907
General government (4) 105.247 105.281 105.693
Federal 105.856 105.681 105.790
State and local 104.976 105.102 105.643
Addendum:
Gross Gross housing value added 105.769 106.500 107.283
(1.) Equals gross domestic product excluding gross value added of
households and institutions and of general government.
(2.) Equals gross domestic business value added excluding gross farm
value added.
(3.) Equals compensation of employees of nonprofit institutions, the
rental value of nonresidential fixed assets owned and used by nonprofit
institutions serving households, and rental income of persons for
tenant-occupied housing owned by nonprofit institutions.
(4.) Equals compensation of general government employees plus general
government consumption of fixed capital.
Table 1.3.4. Price Indexes for Gross Value Added by Sector
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 104.097 106.003
Business (1) 2 102.929 104.112
Nonfarm (2) 3 102.941 104.112
Farm 4 101.314 116.649
Households and institutions 5 108.488 112.440
Households 6 108.414 111.344
Nonprofit institutions serving
households (3) 7 108.587 113.887
General government (4) 8 107.884 112.072
Federal 9 108.440 114.086
State and local 10 107.658 111.239
Addendum:
Gross housing value added 11 108.287 111.081
Seasonally adjusted
2003
III IV
Gross domestic product 106.158 106.586
Business (1) 104.309 104.594
Nonfarm (2) 104.206 104.281
Farm 115.341 139.298
Households and institutions 112.798 114.189
Households 111.448 113.096
Nonprofit institutions serving
households (3) 114.580 115.632
General government (4) 112.534 113.035
Federal 114.240 114.406
State and local 111.831 112.472
Addendum:
Gross housing value added 111.271 112.938
Seasonally adjusted
2004
I II III
Gross domestic product 107.314 108.169 108.519
Business (1) 105.144 106.020 106.251
Nonfarm (2) 104.795 105.557 105.980
Farm 144.434 160.638 134.643
Households and institutions 115.341 116.146 117.152
Households 114.211 115.165 116.041
Nonprofit institutions serving
households (3) 116.835 117.437 118.621
General government (4) 114.640 115.391 115.953
Federal 117.357 117.617 117.749
State and local 113.511 114.469 115.212
Addendum:
Gross housing value added 113.981 114.909 115.769
(1.) Equals gross domestic product excluding gross value added of
households and institutions and of general government.
(2.) Equals gross domestic business value added excluding gross farm
value added.
(3.) Equals compensation of employees of nonprofit institutions, the
rental value of nonresidential fixed assets owned and used by nonprofit
institutions serving households, and rental income of persons for
tenant-occupied housing owned by nonprofit institutions.
(4.) Equals compensation of general government employees plus general
government consumption of fixed capital.
Table 1.3.5. Gross Value Added by Sector
[Billions of dollars]
Line 2002 2003
Gross domestic product 1 10,487.0 11,004.0
Business (1) 2 8,057.1 8,472.3
Nonfarm (2) 3 7,986.3 8,387.5
Farm 4 70.8 84.8
Households and institutions 5 1,235.2 1,276.5
Households 6 704.4 717.0
Nonprofit institutions serving
households (3) 7 530.7 559.5
General government (4) 8 1,194.8 1,255.3
Federal 9 350.4 378.4
State and local 10 844.3 876.9
Addendum:
Gross housing value added 11 905.7 912.0
Seasonally adjusted
at annual rates
2003
III IV
Gross domestic product 11,116.7 11,270.9
Business (1) 8,579.3 8,685.4
Nonfarm (2) 8,491.1 8,593.7
Farm 88.2 91.7
Households and institutions 1,276.0 1,315.8
Households 713.9 744.3
Nonprofit institutions serving
households (3) 562.1 571.5
General government (4) 1,261.4 1,269.7
Federal 379.9 380.2
State and local 881.4 889.4
Addendum:
Gross housing value added 906.0 940.6
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 11,472.6 11,657.5 11,810.0
Business (1) 8,843.3 9,000.7 9,120.2
Nonfarm (2) 8,757.8 8,911.8 9,038.8
Farm 85.5 88.9 81.4
Households and institutions 1,338.8 1,357.4 1,379.0
Households 759.7 772.9 786.0
Nonprofit institutions serving
households (3) 579.1 584.4 593.1
General government (4) 1,290.5 1,299.4 1,310.8
Federal 391.8 392.0 392.8
State and local 898.7 907.4 918.0
Addendum:
Gross housing value added 957.5 972.0 986.4
(1.) Equals gross domestic product excluding gross value added of
households and institutions and of general government.
(2.) Equals gross domestic business value added excluding gross farm
value added.
(3.) Equals compensation of employees of nonprofit institutions, the
rental value of nonresidential fixed assets owned and used by nonprofit
institutions serving households, and rental income of persons for
tenant-occupied housing owned by nonprofit institutions.
(4.) Equals compensation of general government employees plus general
government consumption of fixed capital.
Table 1.3.6. Real Gross Value Added by Sector, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Gross domestic product 1 10,074.8 10,381.3
Business (1) 2 7,831.0 8,132.1
Nonfarm (2) 3 7,761.3 8,059.6
Farm 4 69.9 72.7
Households and institutions 5 1,135.8 1,132.5
Households 6 649.7 644.0
Nonprofit institutions serving
households (3) 7 486.0 488.5
General government (4) 8 1,107.4 1,120.1
Federal 9 323.2 331.7
State and local 10 784.3 788.3
Addendum: 11 0.4 -3.5
Gross housing value added
Gross housing value added 12 836.4 821.0
Seasonally adjusted
at annual rates
2003
III IV
Gross domestic product 10,472.8 10,580.7
Business (1) 8,228.4 8,312.8
Nonfarm (2) 8,151.9 8,244.5
Farm 76.3 69.7
Households and institutions 1,128.6 1,149.6
Households 640.6 658.2
Nonprofit institutions serving
households (3) 487.9 491.5
General government (4) 1,120.9 1,123.2
Federal 332.6 332.3
State and local 788.2 790.8
Addendum: -4.7 -6.3
Gross housing value added
Gross housing value added 814.3 832.9
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 10,697.5 10,784.7 10,889.7
Business (1) 8,420.0 8,500.0 8,500.1
Nonfarm (2) 8,360.5 8,446.2 8,446.3
Farm 63.4 59.7 59.8
Households and institutions 1,158.0 1,165.9 1,165.9
Households 665.2 671.2 671.2
Nonprofit institutions serving
households (3) 492.9 494.9 494.9
General government (4) 1,125.7 1126.1 1,126.1
Federal 333.8 333.3 333.3
State and local 791.8 792.7 796.8
Addendum: -13.3 -13.3 -12.7
Gross housing value added
Gross housing value added 845.9 845.9 852.1
(1.) Equals gross domestic product excluding gross value added of
households and institutions and of general government.
(2.) Equals gross domestic business value added excluding gross
farm value added.
(3.) Equals compensation of employees of nonprofit institutions, the
rental value of nonresidential fixed assets owned and used by nonprofit
institutions serving households, and rental income of persons for
tenant-occupied housing owned by nonprofit institutions.
(4.) Equals compensation of general government employees plus general
government consumption of fixed capital.
NOTE. Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of
the most detailed lines.
Table 1.4.1. Percent Change From Preceding Period in Gross Domestic
Product, Gross Domestic Purchases, and Final Sales to Domestic
Purchasers
[Percent]
Line 2002 2003
Gross domestic product 1 1.9 3.0
Less: Exports of goods and
services 2 -2.3 1.9
Plus: Imports of goods and
services 3 3.4 4.4
Equals: Gross domestic
purchases 4 2.5 3.3
Less: Change in private
inventories 5
Equals: Final sales to domestic
purchasers 6 2.1 3.4
Addendum:
Final sales of domestic product 7 1.4 3.1
Seasonally adjusted
at annual rates
2003
III IV
Gross domestic product 7.4 4.2
Less: Exports of goods and
services 11.3 17.5
Plus: Imports of goods and
services 2.8 17.1
Equals: Gross domestic
purchases 6.4 4.7
Less: Change in private
inventories
Equals: Final sales to domestic
purchasers 5.9 4.2
Addendum:
Final sales of domestic product 6.8 3.7
Seasonally adjusted
at annual rates
2004
I II III
Gross domestic product 4.5 3.3 3.9
Less: Exports of goods and
services 7.3 7.3 6.3
Plus: Imports of goods and
services 10.6 12.6 6.0
Equals: Gross domestic
purchases 5.0 4.2 4.0
Less: Change in private
inventories
Equals: Final sales to domestic
purchasers 3.9 3.5 4.9
Addendum:
Final sales of domestic product 3.3 2.5 4.9
Table 1.4.3. Real Gross Domestic Product, Real Gross Domestic Purchases,
and Real Final Sales to Domestic Purchasers, Quantity Indexes
[Index numbers, 2000=100]
Season-
ally
adjust-
ed
Line 2002 2003 2003
III
Gross domestic product 1 102.626 105.749 106.681
Less: Exports of goods and
services 2 92.343 94.116 94.300
Plus: Imports of goods and
services 3 100.585 105.048 104.522
Equals: Gross domestic
purchases 4 103.414 106.858 107.668
Less: Change in private
inventories 5
Equals: Final sales to domestic
purchases 6 103.876 107.438 108.279
Addendum
Final sales of domestic
product 7 103.102 106.346 107.309
Seasonally adjusted
2003 2004
IV I II III
Gross domestic product 107.780 108.969 109.858 110.927
Less: Exports of goods and
services 98.170 99.924 101.690 103.264
Plus: Imports of goods and
services 108.725 111.504 114.862 116.554
Equals: Gross domestic
purchases 108.904 110.253 111.393 112.496
Less: Change in private
inventories
Equals: Final sales to domestic
purchases 109.401 110.455 111.396 112.749
Addendum
Final sales of domestic
product 108.290 109.173 109.854 111.183
Table 1.4.4. Price Indexes for Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
[Index numbers, 2000=100]
Season-
ally
adjust-
ed
Line 2002 2003 2003
III
Gross domestic product 1 104.097 106.003 106.158
Less: Exports of goods and
services 2 99.275 101.395 101.355
Plus: Imports of goods and
services 3 96.326 99.615 99.606
Equals: Gross domestic
purchases 4 103.489 105.571 105.721
Less: Change in private
inventories 5
Equals: Final sales to
domestic purchases 6 103.491 105.592 105.741
Addendum
Final sales of domestic
product 7 104.100 106.025 106.179
Seasonally adjusted
2003 2004
IV I II III
Gross domestic product 106.586 107.314 108.169 108.519
Less: Exports of goods and
services 102.146 103.565 104.746 105.144
Plus: Imports of goods and
services 99.837 102.163 103.760 105.041
Equals: Gross domestic
purchases 106.086 106.980 107.913 108.398
Less: Change in private
inventories
Equals: Final sales to
domestic purchases 106.107 106.997 107.923 108.408
Addendum
Final sales of domestic
product 106.179 107.332 108.178 108.529
Table 1.4.5. Relation Gross Domestic Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers
[Billions of dollars]
Season-
ally
adjust-
ed
Line 2002 2003 2003
III
Gross domestic product 1 10,487.0 11,004.0 11,116.7
Less: Exports of goods and
services 2 1,005.0 1,046.2 1,047.7
Plus: Imports of goods and
services 3 1,429.9 1,554.3 1,536.4
Equals: Gross domestic
purchases 4 10,911.9 11,502.2 11,605.5
Less: Change in private
inventories 5 11.2 -1.2 -3.7
Equals: Final sales to
domestic purchases 6 10,900.7 11,503.4 11,609.2
Addendum
Final sales of domestic
product 7 10,475.9 11,005.3 11,120.4
Seasonally adjusted quarterly totals
2003 2004
IV I II III
Gross domestic product 11,270.9 11,472.6 11,657.5 11,810.0
Less: Exports of goods and
services 1,099.2 1,134.3 1,167.6 1,190.1
Plus: Imports of goods and
services 1,602.0 1,681.2 1,758.9 1,806.8
Equals: Gross domestic
purchases 11,773.7 12,019.4 12,248.8 12,426.7
Less: Change in private
inventories 3.5 36.2 59.0 33.3
Equals: Final sales to
domestic purchases 11,770.1 11,983.2 12,189.8 12,393.4
Addendum
Final sales of domestic
product 11,267.4 11,436.4 11,598.5 11,776.7
Table 1.4.6. Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers,
Chained Dollars
[Billions of chained (2000) dollars]
Season-
ally
adjust-
ed
Line 2002 2003 2003
III
Gross domestic product 1 10,074.8 10,381.3 10,472.8
Less: Exports of goods and
services 2 1,012.3 1,031.8 1,033.8
Plus: Imports of goods and
services 3 1,484.4 1,550.3 1,542.5
Equals: Gross domestic
purchases 4 10,544.6 10,895.7 10,978.3
Less: Change in private
inventories 5 11.7 -0.8 -3.5
Equals: Final sales to domestic
purchases 6 10,533.0 10,894.2 10,979.4
Addendum
Final sales of domestic
product 7 10,063.2 10,379.9 10,473.9
Seasonally adjusted
2003 2004
IV I
Gross domestic product 10,580.7 10,697.5
Less: Exports of goods and
services 1,076.2 1,095.4
Plus: Imports of goods and
services 1,604.5 1,645.5
Equals: Gross domestic
purchases 11,104.3 11,241.9
Less: Change in private
inventories 8.6 40.0
Equals: Final sales to domestic
purchases 11,093.2 11,200.1
Addendum
Final sales of domestic
product 10,569.6 10,655.8
Seasonally adjusted
2004
II III
Gross domestic product 10,784.7 10,889.7
Less: Exports of goods and
services 1,114.8 1,132.1
Plus: Imports of goods and
services 1,695.1 1,720.1
Equals: Gross domestic
purchases 11,358.1 11,470.6
Less: Change in private
inventories 61.1 35.9
Equals: Final sales to domestic
purchases 11,295.5 11,432.7
Addendum
Final sales of domestic
product 10,722.3 10,852.0
Table 1.5.1. Percent Change From Preceding Period in Real
Gross Domestic Product, Expanded Detail
[Percent]
Seaso-
nally
adjus-
ted at
annual
rates
Line 2002 2003 2003
III
Gross domestic product 1 1.9 3.0 7.4
Personal consumption
expenditures 2 3.1 3.3 5.0
Durable goods 3 6.5 7.4 16.5
Motor vehicles and parts 4 5.6 5.5 13.3
Furniture and household
equipment 5 8.7 9.1 22.3
Other 6 4.7 9.1 14.1
Nondurable goods 7 2.6 3.7 6.9
Food 8 1.9 3.8 5.9
Clothing and shoes 9 4.3 4.3 9.9
Gasoline, fuel oil, and other
energy goods 10 1.4 0.7 5.3
Other 11 3.1 4.1 7.6
Services 12 2.6 2.2 1.9
Housing 13 2.7 1.3 1.4
Household operation 14 0.8 1.5 2.0
Electricity and gas 15 2.7 1.7 0.4
Other household operation 16 -0.3 1.4 3.0
Transportation 17 -2.8 -0.8 -0.8
Medical care 18 6.0 4.0 3.0
Recreation 19 2.4 3.1 2.3
Other 20 1.1 2.0 1.5
Gross private domestic
investment 21 -2.4 4.4 22.4
Fixed investment 22 -4.9 5.1 18.0
Nonresidential 23 -8.9 3.3 15.7
Structures 24 -17.8 -5.6 -1.3
Equipment and software 25 -5.5 6.4 21.7
Information processing
equipment and
software 26 -4.2 12.0 29.2
Computers and
peripheral
equipment 27 11.1 33.0 54.1
Software (1) 28 -5.9 4.7 20.0
Other 29 -9.6 9.2 25.6
Industrial equipment 30 5.7 0.1 3.2
Transportation
equipment 31 -12.1 -3.1 12.9
Other equipment 32 -1.9 5.4 27.6
Residential 33 4.8 8.8 22.4
Change in private inventories 34
Farm 35
Nonfarm 36
Net exports of goods and
services 37
Exports 38 -2.3 1.9 11.3
Goods 39 -4.1 2.2 10.1
Services 40 1.8 1.4 14.1
Imports 41 3.4 4.4 2.8
Goods 42 3.7 4.7 0.0
Services 43 1.9 3.1 17.9
Government consumption
expenditures and gross
investment 44 4.4 2.8 0.1
Federal 45 7.5 6.6 -3.3
National defense 46 7.7 9.0 -7.7
Consumption expenditures 47 7.2 9.0 -9.5
Gross investment 48 11.3 8.9 6.5
Nondefense 49 7.1 2.4 5.8
Consumption expenditures 50 7.1 2.5 11.9
Gross investment 51 7.2 1.8 -26.4
State and local 52 2.8 0.7 2.2
Consumption expenditures 53 2.2 0.7 0.1
Gross investment 54 4.8 0.7 11.0
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Gross domestic product 4.2 4.5 3.3 3.9
Personal consumption
expenditures 3.6 4.1 1.6 5.1
Durable goods 3.9 2.2 -0.3 17.2
Motor vehicles and parts -1.8 -5.8 -6.0 28.6
Furniture and household
equipment 9.8 11.1 7.4 11.6
Other 7.4 6.2 -0.2 3.8
Nondurable goods 5.1 6.7 0.0 4.8
Food 2.6 8.1 2.3 4.2
Clothing and shoes 3.9 16.3 -5.3 6.1
Gasoline, fuel oil, and other
energy goods 19.1 -2.3 -13.2 3.5
Other 5.8 3.1 4.5 5.6
Services 2.8 3.3 2.7 2.9
Housing 0.8 2.1 2.0 2.4
Household operation 7.5 3.2 -0.9 0.0
Electricity and gas 17.5 3.5 -8.0 -3.0
Other household operation 1.6 3.1 4.0 2.0
Transportation -0.5 2.0 2.9 1.5
Medical care 3.1 3.2 4.4 5.0
Recreation 4.0 5.9 0.3 2.8
Other 3.0 4.4 3.3 2.5
Gross private domestic
investment 13.9 12.3 19.0 2.8
Fixed investment 10.5 4.5 13.9 8.8
Nonresidential 11.0 4.2 12.5 12.9
Structures 7.9 -7.6 6.9 -0.3
Equipment and software 12.0 8.0 14.2 17.2
Information processing
equipment and
software 16.3 16.4 14.1 7.6
Computers and
peripheral
equipment 31.5 6.5 26.5 21.0
Software (1) 9.3 16.8 8.7 7.3
Other 15.0 22.0 12.7 0.9
Industrial equipment -4.5 6.6 2.1 27.2
Transportation
equipment 11.9 -15.0 26.1 35.4
Other equipment 16.5 8.3 16.1 23.0
Residential 9.6 5.0 16.5 1.7
Change in private inventories
Farm
Nonfarm
Net exports of goods and
services
Exports 17.5 7.3 7.3 6.3
Goods 16.1 9.1 6.0 9.1
Services 20.6 3.4 10.2 0.2
Imports 17.1 10.6 12.6 6.0
Goods 18.4 12.7 13.0 5.6
Services 11.1 1.2 10.6 8.3
Government consumption
expenditures and gross
investment 1.6 2.5 2.2 1.2
Federal 4.0 7.1 2.7 4.7
National defense 11.6 10.6 1.9 9.8
Consumption expenditures 10.9 7.2 4.1 9.7
Gross investment 16.8 37.2 -12.0 10.6
Nondefense -7.5 0.2 4.4 -5.2
Consumption expenditures -8.7 -0.3 -0.7 -2.2
Gross investment 1.7 3.9 44.0 -22.4
State and local -0.1 0.0 1.9 -0.8
Consumption expenditures 0.9 0.2 0.0 1.4
Gross investment -4.1 -1.0 10.0 -8.9
(1.) Excludes software "embedded," or bundled, in computers and other
equipment.
Table 1.5.2. Contributions to Percent Change in Real Gross Domestic
Product, Expanded Detail
Seaso-
nally
adjus-
ted at
annual
rates
Line 2002 2003 2003
III
Percent change at annual rate:
Gross domestic product 1 1.9 3.0 7.4
Percentage points at annual
rates:
Personal consumption
expenditures 2 2.14 2.29 3.58
Durable goods 3 0.56 0.63 1.38
Motor vehicles and parts 4 0.22 0.22 0.53
Furniture and household
equipment 5 0.26 0.27 0.62
Other 6 0.08 0.15 0.23
Nondurable goods 7 0.51 0.73 1.38
Food 8 0.18 0.37 0.57
Clothing and shoes 9 0.12 0.12 0.27
Gasoline, fuel oil, and other
energy goods 10 0.02 0.01 0.10
Other 11 0.17 0.23 0.43
Services 12 1.08 0.93 0.83
Housing 13 0.29 0.15 0.16
Housing operation 14 0.03 0.06 0.08
Electricity and gas 15 0.04 0.03 0.01
Other household operation 16 -0.01 0.04 0.07
Transportation 17 -0.08 -0.02 -0.02
Medical care 18 0.66 0.46 0.40
Recreation 19 0.07 0.09 0.07
Other 20 0.11 0.20 0.15
Gross private domestic
investment 21 -0.37 0.66 3.16
Fixed investment 22 -0.80 0.76 2.59
Nonresidential 23 -1.02 0.33 1.50
Structures 24 -0.57 -0.15 -0.03
Equipment and software 25 -0.45 0.48 1.53
Information processing
equipment and
software 26 -0.18 0.45 1.04
Computers and
peripheral
equipment 27 0.09 0.24 0.39
Software (1) 28 -0.10 0.07 0.28
Other 29 -0.16 0.14 0.36
Industrial equipment 30 -0.08 0.00 0.04
Transportation
equipment 31 -0.17 -0.04 0.14
Other equipment 32 -0.02 0.06 0.31
Residential 33 0.22 0.43 1.09
Change in private inventories 34 0.42 -0.10 0.57
Farm 35 -0.01 0.02 0.06
Nonfarm 36 0.44 -0.12 0.52
Net exports of goods and
services 37 -0.70 -0.43 0.64
Exports 38 -0.24 0.18 1.02
Goods 39 -0.29 0.14 0.64
Services 40 0.05 0.04 0.39
Imports 41 -0.46 -0.61 -0.39
Goods 42 -0.42 -0.54 0.00
Services 43 -0.04 -0.07 -0.39
Government consumption
expenditures and gross
investment 44 0.79 0.52 0.03
Federal 45 0.46 0.43 -0.23
National defense 46 0.30 0.38 -0.36
Consumption expenditures 47 0.25 0.33 -0.40
Gross investment 48 0.06 0.05 0.03
Nondefense 49 0.16 0.06 0.13
Consumption expenditures 50 0.14 0.05 0.23
Gross investment 51 0.02 0.01 -0.10
State and local 52 0.33 0.09 0.26
Consumption expenditures 53 0.21 0.07 0.01
Gross investment 54 0.12 0.02 0.25
Seasonally adjusted at annual rates
2003 2004
IV I II III
Percent change at annual rate:
Gross domestic product 4.2 4.5 3.3 3.9
Percentage points at annual
rates:
Personal consumption
expenditures 2.50 2.90 1.10 3.53
Durable goods 0.33 0.19 -0.02 1.37
Motor vehicles and parts -0.07 -0.23 -0.24 0.97
Furniture and household
equipment 0.28 0.32 0.22 0.33
Other 0.12 0.10 0.00 0.06
Nondurable goods 1.01 1.33 0.03 0.96
Food 0.25 0.77 0.22 0.41
Clothing and shoes 0.11 0.43 -0.15 0.17
Gasoline, fuel oil, and other
energy goods 0.33 -0.04 -0.29 0.07
Other 0.32 0.17 0.25 0.31
Services 1.15 1.39 1.10 1.21
Housing 0.09 0.23 0.21 0.25
Housing operation 0.29 0.13 -0.03 0.00
Electricity and gas 0.25 0.05 -0.13 -0.05
Other household operation 0.04 0.07 0.09 0.05
Transportation -0.01 0.05 0.08 0.04
Medical care 0.36 0.38 0.52 0.59
Recreation 0.11 0.17 0.01 0.08
Other 0.31 0.43 0.32 0.25
Gross private domestic
investment 2.04 1.86 2.85 0.46
Fixed investment 1.57 0.69 2.07 1.37
Nonresidential 1.07 0.42 1.21 1.27
Structures 0.18 -0.19 0.16 -0.01
Equipment and software 0.89 0.61 1.05 1.28
Information processing
equipment and
software 0.61 0.62 0.55 0.31
Computers and
peripheral
equipment 0.25 0.06 0.22 0.18
Software (1) 0.14 0.24 0.13 0.11
Other -0.06 0.33 0.20 0.01
Industrial equipment -0.06 0.08 0.03 0.31
Transportation
equipment 0.14 -0.20 0.28 0.38
Other equipment 0.20 0.10 0.20 0.28
Residential 0.50 0.27 0.86 0.10
Change in private inventories 0.47 1.17 0.78 -0.91
Farm 0.19 0.06 -0.10 0.07
Nonfarm 0.29 1.10 0.88 -0.99
Net exports of goods and
services -0.66 -0.76 -1.06 -0.27
Exports 1.55 0.70 0.70 0.62
Goods 1.00 0.60 0.41 0.62
Services 0.56 0.10 0.30 0.01
Imports -2.22 -1.46 -1.77 -0.89
Goods -1.96 -1.43 -1.52 -0.69
Services -0.26 -0.03 -0.25 -0.20
Government consumption
expenditures and gross
investment 0.31 0.48 0.41 0.23
Federal 0.33 0.48 0.18 0.32
National defense 0.50 0.47 0.09 0.44
Consumption expenditures 0.42 0.29 0.16 0.38
Gross investment 0.09 0.19 -0.08 0.06
Nondefense -0.18 0.00 0.10 -0.12
Consumption expenditures -0.18 -0.01 -0.01 -0.04
Gross investment 0.01 0.01 0.11 -0.08
State and local -0.02 0.00 0.23 -0.09
Consumption expenditures 0.08 0.02 0.00 0.13
Gross investment -0.10 -0.02 0.23 -0.22
(1.) Excludes software "embedded," or bundled, in computers and other
equipment.
Table 1.5.3. Real Gross Domestic Product, Expanded Detail, Quantity
Indexes
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 102.626 105.749
Personal consumption
expenditures 2 105.698 109.143
Durable goods 3 111.150 119.378
Motor vehicles and parts 4 110.907 116.971
Furniture and household
equipment 5 115.286 125.771
Other 6 104.271 113.772
Nondurable goods 7 104.630 108.481
Food 8 103.592 107.556
Clothing and shoes 9 106.377 110.914
Gasoline, fuel oil, and other
energy goods 10 102.384 103.062
Other 11 106.279 110.646
Services 12 105.085 107.418
Housing 13 105.517 106.915
Houseold operation 14 101.034 102.597
Electricity and gas 15 100.988 102.729
Other household operation 16 101.043 102.496
Transportation 17 96.092 95.346
Medical care 18 110.952 115.340
Recreation 19 104.945 108.225
Other 20 102.665 104.731
Gross private domestic
investment 21 89.928 93.852
Fixed investment 22 92.253 96.924
Nonresidential 23 87.302 90.157
Structures 24 80.346 75.810
Equipment and software 25 89.947 95.679
Information processing
equipment and
software 26 94.006 105.291
Computers and
peripheral
equipment 27 113.768 151.298
Software (1) 28 92.855 97.197
Other 29 86.456 94.409
Industrial equipment 30 86.294 86.411
Transportation
equipment 31 78.058 75.618
Other equipment 32 94.881 99.963
Residential 33 105.178 114.392
Change in private inventories 34
Farm 35
Nonfarm 36
Net exports of goods and
services 37
Exports 38 92.343 94.116
Good 39 90.068 92.018
Services 40 97.989 99.330
Imports 41 100.585 105.048
Goods 42 100.408 105.131
Services 43 101.571 104.753
Government consumption
expenditures and gross
investment 44 107.918 110.906
Federal 45 111.725 119.140
National defense 46 111.972 122.014
Consumption expenditures 47 111.415 121.413
Gross investment 48 115.863 126.207
Nondefense 49 111.284 113.972
Consumption expenditures 50 111.934 114.745
Gross investment 51 107.484 109.408
State and local 52 105.999 106.739
Consumption expenditures 53 104.844 105.581
Gross investment 54 110.747 111.498
Seasonally adjusted
2003 2004
III IV I
Gross domestic product 106.681 107.780 108.969
Personal consumption
expenditures 109.828 110.794 111.925
Durable goods 122.733 123.902 124.572
Motor vehicles and parts 120.467 119.929 118.149
Furniture and household
equipment 129.441 132.505 136.028
Other 116.251 118.345 120,152
Nondurable goods 109.145 110.517 112.331
Food 108.330 109.018 111.160
Clothing and shoes 112.505 113.595 117.960
Gasoline, fuel oil, and other
energy goods 101.607 106.147 105.544
Other 111.407 112.986 113.848
Services 107.613 108.346 109.237
Housing 107.115 107.334 107.906
Houseold operation 102.205 104.080 104.914
Electricity and gas 100.949 105.112 106.021
Other household operation 102,978 103.394 104.181
Transportation 95.133 95.009 95.470
Medical care 115.826 116.703 117.632
Recreation 108.563 109.631 111.211
Other 104.920 105.751 106.899
Gross private domestic
investment 95.616 98.771 101.672
Fixed investment 98.904 101.412 102.529
Nonresidential 91.802 94.235 95.204
Structures 75.955 77.406 75.886
Equipment and software 97.917 100.735 102.699
Information processing
equipment and
software 108.447 112.621 116.982
Computers and
peripheral
equipment 159.785 171.109 173.806
Software (1) 99.124 101.347 105.355
Other 96.762 100.200 105.333
Industrial equipment 86.913 85.923 87.305
Transportation
equipment 77.257 79.468 76.298
Other equipment 102.160 106.143 108.274
Residential 117.201 119.916 121.400
Change in private inventories
Farm
Nonfarm
Net exports of goods and
services
Exports 94.300 98.170 99.924
Good 92.190 95.694 97.810
Services 99.543 104.310 105.173
Imports 104.522 108.725 111.504
Goods 104.331 108.824 112.116
Services 105.543 108.360 108.675
Government consumption
expenditures and gross
investment 111.290 111.738 112.443
Federal 119.751 121.154 123.249
National defense 122.368 125.765 128.984
Consumption expenditures 121.665 124,845 127.048
Gross investment 127.318 132.347 143.249
Nondefense 115.050 112.840 112.900
Consumption expenditures 116.214 113.585 113.492
Gross investment 107.956 108.421 109.472
State and local 107.006 106.968 106.965
Consumption expenditures 105.558 105.790 105.851
Gross investment 112.989 111.806 111.532
Seasonally
adjusted
2004
II III
Gross domestic product 109.858 110.927
Personal consumption
expenditures 112.360 113.761
Durable goods 124.482 129.526
Motor vehicles and parts 116.320 123.859
Furniture and household
equipment 138.480 141.317
Other 120.082 122.204
Nondurable goods 112.367 113.684
Food 111.793 112.952
Clothing and shoes 116.374 118.119
Gasoline, fuel oil, and other
energy goods 101.862 102.733
Other 115.111 116.683
Services 109.955 110.746
Housing 108.445 109.088
Houseold operation 104.677 104.685
Electricity and gas 103.820 103.039
Other household operation 196.160 105.728
Transportation 96.160 96.510
Medical care 118.915 120.367
Recreation 111.286 112.054
Other 107.768 108.447
Gross private domestic
investment 106.191 106.917
Fixed investment 105.913 108.177
Nonresidential 98.041 100.070
Structures 77.171 77.108
Equipment and software 106.157 110.455
Information processing
equipment and
software 120.907 123.150
Computers and
peripheral
equipment 184.318 188.320
Software (1) 107.579 109.503
Other 108.535 108.780
Industrial equipment 87.752 93.187
Transportation
equipment 80.847 87.209
Other equipment 112.402 118.369
Residential 126.122 126.666
Change in private inventories
Farm
Nonfarm
Net exports of goods and
services
Exports 101.690 103.264
Good 99.242 101.433
Services 107.765 107.803
Imports 114.862 116.554
Goods 115.593 117.172
Services 111.458 113.709
Government consumption
expenditures and gross
investment 113.062 113.407
Federal 124.068 125.505
National defense 129.582 132.653
Consumption expenditures 128.318 131.327
Gross investment 138.750 142.276
Nondefense 114.117 112.594
Consumption expenditures 113.304 112.670
Gross investment 119.922 112.557
State and local 107.482 107.273
Consumption expenditures 105.854 106.217
Gross investment 114.232 111.615
(1) Excludes software "embedded;" or bundled, in computers and other
equipment.
Table 1.5.4. Price Indexes for Gross Domestic Product, Expanded Detail
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 104.097 106.003
Personal consumption
expenditures 2 103.548 105.511
Durable goods 3 95.475 92.244
Motor vehicles and parts 4 99.409 97.340
Furniture and household
equipment 5 88.684 83.345
Other 6 99.536 97.924
Nondurable goods 7 102.097 104.154
Food 8 104.949 106.979
Clothing and shoes 9 95.396 93.0450
Gasoline, fuel oil, and other
energy goods 10 90.523 105.517
Other 11 105.011 105.175
Services 12 106.083 109.237
Housing 13 107.797 110.437
Houseold operation 14 103.761 107.766
Electricity and gas 15 105.438 113.651
Other household operation 16 102.805 104.367
Transportation 17 102.900 105.880
Medical care 18 106.232 109.858
Recreation 19 106.403 109.248
Other 20 105.876 108.826
Gross private domestic
investment 21 101.221 102.304
Fixed investment 22 101.232 102.435
Nonresidential 23 98.909 98.546
Structures 24 107.908 110.176
Equipment and software 25 95.868 94.754
Information processing
equipment and
software 26 91.108 87.570
Computers and
peripheral
equipment 27 70.541 62.100
Software (1) 28 98.881 96.862
Other 29 95.778 94.763
Industrial equipment 30 100.849 101.641
Transportation
equipment 31 100.340 104.064
Other equipment 32 102.272 103.305
Residential 33 107.246 111.951
Change in private inventories 34
Farm 35
Nonfarm 36
Net exports of goods and
services 37
Exports 38 99.275 101.395
Good 39 98.661 100.640
Services 40 100.769 103.219
Imports 41 96.326 99.615
Goods 42 95.281 98.068
Services 43 101.819 107.784
Government consumption
expenditures and gross
investment 44 105.313 108.702
Federal 45 105.288 109.081
National defense 46 105.488 109.875
Consumption expenditures 47 106.641 111.711
Gross investment 48 97.989 98.039
Nondefense 49 104.932 107.631
Consumption expenditures 50 105.862 109.065
Gross investment 51 99.344 98.993
State and local 52 105.317 108.485
Consumption expenditures 53 105.641 109.233
Gross investment 54 104.033 105.558
Seasonally adjusted
2003 2004
III IV I
Gross domestic product 106.158 106.586 107.314
Personal consumption
expenditures 105.689 106.005 106.860
Durable goods 91.757 90.747 90.741
Motor vehicles and parts 97.159 95.768 95.966
Furniture and household
equipment 82.201 81.451 80.963
Other 98.086 97.447 97.999
Nondurable goods 104.423 104.564 105.914
Food 107.227 108.265 108.950
Clothing and shoes 92.851 92.976 92.533
Gasoline, fuel oil, and other
energy goods 106.709 103.679 113.693
Other 105.459 105.166 105.752
Services 109.529 110.266 111.085
Housing 110.704 111.344 111.912
Houseold operation 108.285 107.886 108.879
Electricity and gas 115.240 113.642 115.595
Other household operation 104.267 104.566 104.993
Transportation 106.514 107.140 107.109
Medical care 110.336 111.335 112.340
Recreation 109.549 109.958 110.875
Other 108.736 109.852 110.851
Gross private domestic
investment 102.276 102.968 103.514
Fixed investment 102.401 103.101 103.618
Nonresidential 98.431 98.729 98.793
Structures 110.255 110.633 111.926
Equipment and software 94.5881 94.862 94.611
Information processing
equipment and
software 87.262 86.283 85.604
Computers and
peripheral
equipment 61.341 60.053 59.030
Software (1) 96.820 95.459 95.229
Other 94.605 94.348 93.613
Industrial equipment 101.754 101.950 102.970
Transportation
equipment 103.743 109.654 109.754
Other equipment 103.488 103.386 103.221
Residential 112.097 113.675 115.179
Change in private inventories
Farm
Nonfarm
Net exports of goods and
services
Exports 101.355 102.146 103.565
Good 100.407 101.438 103.023
Services 103.628 103.865 104.897
Imports 99.606 99.837 102.163
Goods 97.911 98.011 100.355
Services 108.570 109.502 111.718
Government consumption
expenditures and gross
investment 108.898 109.167 110.522
Federal 109.181 109.447 111.203
National defense 109.917 110.278 111.825
Consumption expenditures 111.750 112.169 113.879
Gross investment 98.092 98.093 98.642
Nondefense 107.838 107.917 110.095
Consumption expenditures 109.302 109.455 111.953
Gross investment 99.035 98.670 98.903
State and local 108.736 109.007 110.131
Consumption expenditures 109.521 109.825 111.152
Gross investment 105.671 105.814 106.154
Seasonally
adjusted
2004
II III
Gross domestic product 108.169 108.519
Personal consumption
expenditures 107.683 107.980
Durable goods 90.725 90.008
Motor vehicles and parts 96.166 95.697
Furniture and household
equipment 80.367 79.367
Other 98.760 98.099
Nondurable goods 107.616 107.868
Food 109.989 110.688
Clothing and shoes 93.191 92.502
Gasoline, fuel oil, and other
energy goods 124.711 125.025
Other 106.136 106.151
Services 111.667 112.243
Housing 112.941 113.608
Houseold operation 109.598 110.701
Electricity and gas 117.118 119.483
Other household operation 105.243 105.627
Transportation 107.281 107.578
Medical care 112.955 113.668
Recreation 111.559 112.264
Other 110.944 111.089
Gross private domestic
investment 104.644 105.435
Fixed investment 104.709 105.513
Nonresidential 99.220 99.473
Structures 113.984 116.688
Equipment and software 94.626 94.281
Information processing
equipment and
software 85.016 84.399
Computers and
peripheral
equipment 58.015 56.532
Software (1) 94.929 94.809
Other 93.189 92.972
Industrial equipment 103.750 104.480
Transportation
equipment 110.286 109.096
Other equipment 104.371 104.797
Residential 117.710 119.722
Change in private inventories
Farm
Nonfarm
Net exports of goods and
services
Exports 104.746 105.144
Good 104.356 104.622
Services 105.726 106.340
Imports 103.760 105.041
Goods 102.267 103.533
Services 111.566 113.921
Government consumption
expenditures and gross
investment 111.703 112.628
Federal 112.020 112.459
National defense 112.790 113.295
Consumption expenditures 114.805 115.361
Gross investment 99.832 99.019
Nondefense 110.613 110.917
Consumption expenditures 112.481 112.777
Gross investment 99.370 99.717
State and local 111.524 112.735
Consumption expenditures 112.386 113.337
Gross investment 108.151 110.362
(1) Excludes software "embedded;" or bundled, in computers and other
equipment.
Table 1.5.5. Gross Domestic Product, Expanded Detail
[Billions of dollars]
Line 2002 2003
Gross domestic product 1 10,487.0 11,004.0
Personal consumption
expenditures 2 7,376.1 7,760.9
Durable goods 3 916.2 950.7
Motor vehicles and parts 4 426.1 440.1
Furniture and household
equipment 5 319.9 328.0
Other 6 170.1 182.6
Nondurable goods 7 2,080.1 2,200.1
Food 8 1,005.8 1,064.5
Clothing and shoes 9 302.1 307.2
Gasoline, fuel oil, and other
energy goods 10 177.5 208.2
Other 11 594.7 620.1
Services 12 4,379.8 4,610.1
Housing 13 1,144.8 1,188.4
Household operation 14 409.0 431.3
Electricity and gas 15 152.6 167.3
Other household operation 16 256.4 264.0
Transportation 17 288.0 294.0
Medical care 1,210.3 1,301.1
Recreation 19 299.6 317.2
Other 20 1,028.2 1,078.1
Gross private domestic
investment 21 1,579.2 1,665.8
Fixed investment 22 1,568.0 1,667.0
Nonresidential 23 1,063.9 1,094.7
Structures 24 271.6 261.6
Equipment and software 25 792.4 833.1
Information processing
equipment and
software 26 400.5 431.2
Computers and
peripheral
equipment 27 81.4 95.3
Software (1) 28 161.7 165.8
Other 29 157.3 170.0
Industrial equipment 30 138.6 139.8
Transportation
equipment 31 126.0 126.6
Other equipment 32 127.3 135.5
Residential 33 504.1 572.3
Change in private inventories 34 11.2 -1.2
Farm 35 -1.5 0.3
Nonfarm 36 12.7 -1.5
Net exports of goods and
services 37 -424.9 -498.1
Exports 38 1,005.0 1,046.2
Goods 39 697.0 726.4
Services 40 308.0 319.8
Imports 41 1,429.9 1,544.3
Goods 42 1,189.6 1,282.0
Services 43 240.2 262.3
Government consumption
expenditures and gross
investment 44 1,956.6 2,075.5
Federal 45 680.8 752.2
National defense 46 437.4 496.4
Consumption expenditures 47 382.0 436.1
Gross investment 48 55.4 60.4
Nondefense 49 243.4 255.7
Consumption expenditures 50 210.7 222.5
Gross investment 51 32.7 33.2
State and local 52 1,275.8 1,323.3
Consumption expenditures 53 1,016.5 1,058.5
Gross investment 54 259.3 264.9
Seasonally adjusted at annual
rates
2003 2004
III IV I
Gross domestic product 11,116.7 11,270.9 11,472.6
Personal consumption
expenditures 7,822.5 7,914.9 8,060.2
Durable goods 972.7 971.1 976.3
Motor vehicles and parts 452.5 444.1 438.4
Furniture and household
equipment 333.3 338.0 345.0
Other 186.9 189.0 193.0
Nondurable goods 2,219.2 2,250.1 2,316.6
Food 1,074.6 1,091.8 1,120.3
Clothing and shoes 311.0 314.4 325.0
Gasoline, fuel oil, and other
energy goods 207.6 210.7 229.7
Other 626.0 633.1 641.5
Services 4,630.6 4,693.6 4,767.3
Housing 1,193.4 1,202.8 1,215.4
Household operation 431.8 438.1 445.6
Electricity and gas 166.7 171.2 175.7
Other household operation 265.0 266.8 270.0
Transportation 295.1 296.5 297.8
Medical care 1,312.1 1,334.0 1,356.8
Recreation 319.0 323.4 330.8
Other 1,079.1 1,098.8 1,120.9
Gross private domestic
investment 1,696.6 1,758.8 1,819.7
Fixed investment 1,700.2 1,755.2 1,783.5
Nonresidential 1,113.3 1,146.3 1,158.8
Structures 262.3 268.2 266.0
Equipment and software 851.1 878.1 892.8
Information processing
equipment and
software 442.8 454.7 468.5
Computers and
peripheral
equipment 99.7 104.5 104.4
Software (1) 169.1 170.5 176.8
Other 174.0 179.7 187.4
Industrial equipment 140.8 139.5 143.1
Transportation
equipment 128.8 140.0 134.5
Other equipment 138.7 144.0 146.6
Residential 586.9 609.0 624.6
Change in private inventories -3.7 3.5 36.2
Farm -0.9 -0.9 1.0
Nonfarm -2.8 4.5 35.2
Net exports of goods and
services -488.8 -502.8 -546.8
Exports 1,047.7 1,099.2 1,134.3
Goods 725.9 761.3 790.3
Services 321.7 337.9 344.1
Imports 1,536.4 1,602.0 1,681.2
Goods 1,270.3 1,326.4 1,399.2
Services 266.1 275.6 282.0
Government consumption
expenditures and gross
investment 2,086.4 2,100.0 2,139.5
Federal 756.7 767.5 793.3
National defense 498.1 513.6 534.1
Consumption expenditures 437.1 450.2 465.2
Gross investment 61.0 63.4 69.0
Nondefense 258.7 253.9 259.1
Consumption expenditures 225.9 221.1 225.9
Gross investment 32.8 32.8 33.2
State and local 1,329.7 1,332.6 1,346.3
Consumption expenditures 1,061.0 1,066.3 1,079.8
Gross investment 268.7 266.2 266.4
Seasonally adjusted
at annual rates
2004
II III
Gross domestic product 11,657.5 11,810.0
Personal consumption
expenditures 8,153.8 8,268.3
Durable goods 975.5 1,007.0
Motor vehicles and parts 432.5 458.3
Furniture and household
equipment 348.6 353.8
Other 194.4 194.9
Nondurable goods 2,354.6 2,387.7
Food 1,137.5 1,156.6
Clothing and shoes 322.9 325.3
Gasoline, fuel oil, and other
energy goods 243.2 245.9
Other 651.0 660.0
Services 4,823.8 4,883.6
Housing 1,232.7 1,247.3
Household operation 447.6 452.1
Electricity and gas 174.3 176.5
Other household operation 273.3 275.6
Transportation 300.5 302.4
Medical care 1,379.1 1,404.8
Recreation 333.0 337.5
Other 1,130.9 1,139.5
Gross private domestic
investment 1,920.7 1,949.5
Fixed investment 1,861.7 1,916.1
Nonresidential 1,198.5 1,238.7
Structures 275.5 281.8
Equipment and software 923.1 956.9
Information processing
equipment and
software 480.9 486.3
Computers and
peripheral
equipment 108.8 111.2
Software (1) 180.0 182.9
Other 192.2 192.2
Industrial equipment 145.0 155.0
Transportation
equipment 143.2 152.8
Other equipment 153.9 162.8
Residential 663.2 677.4
Change in private inventories 59.0 33.3
Farm -2.4 0.0
Nonfarm 61.4 33.3
Net exports of goods and
services -591.3 -616.7
Exports 1,167.6 1,190.1
Goods 812.2 832.6
Services 355.4 357.6
Imports 1,758.9 1,806.8
Goods 1,470.1 1,508.6
Services 288.8 298.2
Government consumption
expenditures and gross
investment 2,174.3 2,199.0
Federal 804.4 816.9
National defense 541.2 556.6
Consumption expenditures 473.6 487.1
Gross investment 67.6 69.5
Nondefense 263.2 260.4
Consumption expenditures 226.6 226.0
Gross investment 36.5 34.4
State and local 1,369.9 1,382.1
Consumption expenditures 1,091.8 1,104.8
Gross investment 278.0 277.2
(1.) Excludes software "embedded," or bundled, in computers and other
equipment.
Table 1.5.6. Real Gross Domestic Product, Expanded Detail, Chained
Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Gross domestic product 1 10,074.8 10,381.3
Personal consumption
expenditures 2 7,123.4 7,355.6
Durable goods 3 959.6 1,030.6
Motor vehicles and parts 4 428.7 452.1
Furniture and household
equipment 5 360.7 393.5
Other 6 170.9 186.5
Nondurable goods 7 2,037.4 2,112.4
Food 8 958.4 995.1
Clothing and shoes 9 316.7 330.2
Gasoline, fuel oil, and other
energy goods 10 196.0 197.3
Other 11 566.3 589.6
Services 12 4,128.6 4,220.3
Housing 13 1,062.0 1,076.1
Household operation 14 394.1 400.2
Electricity and gas 15 144.7 147.2
Other household operation 16 249.4 253.0
Transportation 17 279.9 277.7
Medical care 18 1,139.3 1,184.3
Recreation 19 281.5 290.3
Other 20 971.1 990.7
Gross private domestic
investment 21 1,560.7 1,628.8
Fixed investment 22 1,548.9 1,627.3
Nonresidential 23 1,075.6 1,110.8
Structures 24 251.6 237.4
Equipment and software 25 826.5 879.2
Information processing
equipment and
software 26 439.6 492.4
Computers and
peripheral
equipment (1) 27
Software (2) 28 163.6 171.2
Other 29 164.3 179.4
Industrial equipment 30 137.4 137.6
Transportation
equipment 31 125.6 121.6
Other equipment 32 124.5 131.2
Residential 33 470.0 511.2
Change in private inventories 34 11.7 -0.8
Farm 35 -1.6 0.3
Nonfarm 36 13.5 -1.1
Net exports of goods and
services 37 -472.1 -518.5
Exports 38 1,012.3 1,031.8
Goods 39 706.4 721.7
Services 40 305.7 309.9
Imports 41 1,484.4 1,550.3
Goods 42 1,248.5 1,307.3
Services 43 235.9 243.3
Government consumption
expenditures and gross
investment 44 1,857.9 1,909.4
Federal 45 646.6 689.6
National defense 46 414.6 451.8
Consumption expenditures 47 358.2 390.3
Gross investment 48 56.6 61.6
Nondefense 49 232.0 237.6
Consumption expenditures 50 199.0 204.0
Gross investment 51 32.9 33.5
State and local 52 1,211.4 1,219.8
Consumption expenditures 53 962.2 969.0
Gross investment 54 249.2 250.9
Residual 55 -0.9 -14.9
Seasonally adjusted at annual
rates
2003 2004
III IV I
Gross domestic product 10,472.8 10,580.7 10,697.5
Personal consumption
expenditures 7,401.7 7,466.8 7,543.0
Durable goods 1,059.6 1,069.7 1,075.5
Motor vehicles and parts 465.6 463.5 456.7
Furniture and household
equipment 405.0 414.6 425.6
Other 190.5 194.0 196.9
Nondurable goods 2,125.3 2,152.0 2,187.3
Food 1,002.2 1,008.6 1,028.4
Clothing and shoes 334.9 338.2 351.2
Gasoline, fuel oil, and other
energy goods 194.6 203.3 202.1
Other 593.6 602.1 606.6
Services 4,227.9 4,256.7 4,291.7
Housing 1,078.1 1,080.3 1,086.0
Household operation 398.7 406.0 409.3
Electricity and gas 144.7 150.6 151.9
Other household operation 254.2 255.2 257.1
Transportation 277.1 276.7 278.1
Medical care 1,189.3 1,198.3 1,207.9
Recreation 291.2 294.1 298.3
Other 992.5 1,000.3 1,011.2
Gross private domestic
investment 1,659.4 1,714.1 1,764.5
Fixed investment 1,660.6 1,702.7 1,721.4
Nonresidential 1,131.1 1,161.0 1,173.0
Structures 237.9 242.4 237.7
Equipment and software 899.7 925.6 943.7
Information processing
equipment and
software 507.1 526.6 547.0
Computers and
peripheral
equipment (1)
Software (2) 174.6 178.5 185.6
Other 183.9 190.4 200.2
Industrial equipment 138.4 136.8 139.0
Transportation
equipment 124.3 127.8 122.7
Other equipment 134.0 139.3 142.1
Residential 523.8 535.9 542.5
Change in private inventories -3.5 8.6 40.0
Farm -0.7 3.5 5.1
Nonfarm -2.7 4.6 34.5
Net exports of goods and
services -508.7 -528.3 -550.1
Exports 1,033.8 1,076.2 1,095.4
Goods 723.1 750.6 767.2
Services 310.5 325.4 328.1
Imports 1,542.5 1,604.5 1,645.5
Goods 1,297.3 1,353.2 1,394.1
Services 245.2 251.7 252.4
Government consumption
expenditures and gross
investment 1,916.0 1,923.7 1,935.8
Federal 693.1 701.2 713.3
National defense 453.1 465.7 477.6
Consumption expenditures 391.1 401.4 408.5
Gross investment 62.1 64.6 69.9
Nondefense 239.9 235.2 235.4
Consumption expenditures 206.7 202.0 201.8
Gross investment 33.1 33.2 33.6
State and local 1,222.9 1,222.5 1,222.4
Consumption expenditures 968.8 970.9 971.5
Gross investment 254.3 251.6 251.0
Residual -23.5 -26.7 -31.3
Seasonally adjusted
at annual rates
2004
II III
Gross domestic product 10,784.7 10,889.7
Personal consumption
expenditures 7,572.4 7,666.8
Durable goods 1,074.7 1,118.2
Motor vehicles and parts 449.6 478.7
Furniture and household
equipment 433.3 445.3
Other 196.8 198.7
Nondurable goods 2,188.0 2,213.7
Food 1,034.3 1,045.0
Clothing and shoes 346.5 351.7
Gasoline, fuel oil, and other
energy goods 195.0 196.7
Other 613.4 621.8
Services 4,320.0 4,351.0
Housing 1,091.5 1,097.9
Household operation 408.4 408.4
Electricity and gas 148.8 147.7
Other household operation 259.7 260.9
Transportation 280.1 281.1
Medical care 1,221.0 1,235.9
Recreation 298.5 300.6
Other 1,019.4 1,025.8
Gross private domestic
investment 1,842.9 1,855.5
Fixed investment 1,778.3 1,816.3
Nonresidential 1,207.9 1,245.3
Structures 241.7 241.5
Equipment and software 975.5 1,015.0
Information processing
equipment and
software 565.4 575.9
Computers and
peripheral
equipment (1)
Software (2) 189.5 192.9
Other 206.2 206.7
Industrial equipment 139.7 148.4
Transportation
equipment 130.0 140.3
Other equipment 147.5 155.3
Residential 563.6 566.1
Change in private inventories 61.1 35.9
Farm 3.0 3.9
Nonfarm 58.8 31.8
Net exports of goods and
services -580.3 -598.0
Exports 1,114.8 1,132.1
Goods 778.4 795.6
Services 336.2 336.3
Imports 1,695.1 1,720.1
Goods 1,437.4 1,457.0
Services 258.9 264.1
Government consumption
expenditures and gross
investment 1,946.5 1,952.4
Federal 718.1 726.4
National defense 479.9 491.2
Consumption expenditures 412.5 422.2
Gross investment 67.7 69.4
Nondefense 237.9 234.7
Consumption expenditures 201.5 200.4
Gross investment 36.8 34.5
State and local 1,228.3 1,225.9
Consumption expenditures 971.5 974.8
Gross investment 257.1 251.2
Residual -35.6 -44.4
(1.) The quantity index for computers can be used to accurately measure
the real growth of this component. However, because computers exhibit
rapid changes in prices relative to other prices in the economy, the
chained-dollar estimates should not be used to measure the component's
relative importance or its contribution to the growth rate of more
aggregate series; accurate estimates of these contributions are shown
in table 1.5.2 and real growth rates are shown in table 1.5.1.
(2.) Excludes software "embedded," or bundled, in computers and other
equipment.
NOTE. The residual line is the difference between the first line and
the sum of the most detailed lines.
Table 1.6.4. Price Indexes for Gross
Domestic Purchases
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic purchases 1 103.489 105.571
Personal consumption
expenditures 2 103.548 105.511
Durable goods 3 95.475 92.244
Motor vehicles and parts 4 99.409 97.340
Furniture and household
equipment 5 88.684 83.345
Other 6 99.536 97.924
Nondurable goods 7 102.097 104.154
Food 8 104.949 106.979
Clothing and shoes 9 95.396 93.045
Gasoline, fuel oil, and other
energy goods 10 90.523 105.517
Other 11 105.011 105.175
Services 12 106.083 109.237
Housing 13 107.797 110.437
Household operation 14 103.761 107.766
Electricity and gas 15 105.438 113.651
Other household operation 16 102.805 104.367
Transportation 17 102.900 105.880
Medical care 18 106.232 109.858
Recreation 19 106.403 109.248
Other 20 105.876 108.826
Gross private domestic
investment 21 101.221 102.304
Fixed investment 22 101.232 102.435
Nonresidential 23 98.909 98.546
Structures 24 107.908 110.176
Equipment and software 25 95.868 94.754
Information processing
equipment and
software 26 91.108 87.570
Computers and
peripheral
equipment 27 70.541 62.100
Software (1) 28 98.881 96.862
Other 29 95.778 94.763
Industrial equipment 30 100.849 101.641
Transportation
equipment 31 100.340 104.064
Other equipment 32 102.272 103.305
Residential 33 107.246 111.951
Change in private inventories 34
Farm 35
Nonfarm 36
Government consumption
expenditures and gross
investment 37 105.313 108.702
Federal 38 105.288 109.081
National defense 39 105.488 109.875
Consumption expenditures 40 106.641 111.711
Gross investment 41 97.989 98.039
Nondefense 42 104.932 107.631
Consumption expenditures 43 105.862 109.065
Gross investment 44 99.344 98.993
State and local 45 105.317 108.485
Consumption expenditures 46 105.641 109.233
Gross investment 47 104.033 105.558
Addenda:
Final sales of computers to
domestic purchasers (2) 48 65.606 56.063
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 49 104.086 106.406
Food 50 104.858 106.878
Energy goods and services 51 96.171 108.727
Gross domestic purchases
excluding food and energy 52 103.680 105.299
Gross domestic product 53 104.097 106.003
Gross domestic product
excluding final sales of
computers 54 104.610 106.710
Food 55 105.088 107.350
Energy goods and
services 56 101.374 109.709
Gross domestic product
excluding food and
energy 57 104.080 105.739
Final sales of domestic product 58 104.100 106.025
Final sales to domestic
purchasers 59 103.491 105.592
Seasonally adjusted
2003 2004
III IV I
Gross domestic purchases 105.721 106.086 106.980
Personal consumption
expenditures 105.689 106.005 106.860
Durable goods 91.757 90.747 90.741
Motor vehicles and parts 97.159 95.768 95.966
Furniture and household
equipment 82.201 81.451 80.963
Other 98.086 97.447 97.999
Nondurable goods 104.423 104.564 105.914
Food 107.227 108.265 108.950
Clothing and shoes 92.851 92.976 92.533
Gasoline, fuel oil, and other
energy goods 106.709 103.679 113.693
Other 105.459 105.166 105.752
Services 109.529 110.266 111.085
Housing 110.704 111.344 111.912
Household operation 108.285 107.886 108.879
Electricity and gas 115.240 113.642 115.595
Other household operation 104.267 104.566 104.993
Transportation 106.514 107.140 107.109
Medical care 110.336 111.335 112.340
Recreation 109.549 109.958 110.875
Other 108.736 109.852 110.851
Gross private domestic
investment 102.276 102.968 103.514
Fixed investment 102.401 103.101 103.618
Nonresidential 98.431 98.729 98.793
Structures 110.255 110.633 111.926
Equipment and software 94.588 94.862 94.611
Information processing
equipment and
software 87.262 86.283 85.604
Computers and
peripheral
equipment 61.341 60.053 59.030
Software (1) 96.820 95.459 95.229
Other 94.605 94.348 93.613
Industrial equipment 101.754 101.950 102.970
Transportation
equipment 103.743 109.654 109.754
Other equipment 103.488 103.386 103.221
Residential 112.097 113.675 115.179
Change in private inventories
Farm
Nonfarm
Government consumption
expenditures and gross
investment 108.898 109.167 110.522
Federal 109.181 109.447 111.203
National defense 109.917 110.278 111.825
Consumption expenditures 111.750 112.169 113.879
Gross investment 98.092 98.093 98.642
Nondefense 107.838 107.917 110.095
Consumption expenditures 109.302 109.455 111.953
Gross investment 99.035 98.670 98.903
State and local 108.736 109.007 110.131
Consumption expenditures 109.521 109.825 111.152
Gross investment 105.671 105.814 106.154
Addenda:
Final sales of computers to
domestic purchasers (2) 54.864 53.639 52.687
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 106.586 106.991 107.929
Food 107.111 108.188 108.948
Energy goods and services 109.477 107.470 114.088
Gross domestic purchases
excluding food and energy 105.414 105.809 106.461
Gross domestic product 106.158 106.586 107.314
Gross domestic product
excluding final sales of
computers 106.891 107.344 108.106
Food 107.549 109.021 109.932
Energy goods and
services 111.604 109.412 113.063
Gross domestic product
excluding food and
energy 105.833 106.228 106.843
Final sales of domestic product 106.179 106.608 107.332
Final sales to domestic
purchasers 105.741 106.107 106.997
Seasonally
adjusted
2004
II III
Gross domestic purchases 107.913 108.398
Personal consumption
expenditures 107.683 107.980
Durable goods 90.725 90.008
Motor vehicles and parts 96.166 95.697
Furniture and household
equipment 80.367 79.367
Other 98.760 98.099
Nondurable goods 107.616 107.868
Food 109.989 110.687
Clothing and shoes 93.191 92.502
Gasoline, fuel oil, and other
energy goods 124.711 125.025
Other 106.136 106.151
Services 111.667 112.243
Housing 112.941 113.608
Household operation 109.598 110.701
Electricity and gas 117.118 119.483
Other household operation 105.243 105.627
Transportation 107.281 107.578
Medical care 112.955 113.668
Recreation 111.559 112.264
Other 110.944 111.089
Gross private domestic
investment 104.644 105.435
Fixed investment 104.709 105.513
Nonresidential 99.220 99.473
Structures 113.984 116.688
Equipment and software 94.626 94.281
Information processing
equipment and
software 85.016 84.399
Computers and
peripheral
equipment 58.015 56.532
Software (1) 94.929 94.809
Other 93.189 92.972
Industrial equipment 103.750 104.480
Transportation
equipment 110.286 109.096
Other equipment 104.371 104.797
Residential 117.710 119.722
Change in private inventories
Farm
Nonfarm
Government consumption
expenditures and gross
investment 111.703 112.628
Federal 112.020 112.459
National defense 112.790 113.295
Consumption expenditures 114.805 115.361
Gross investment 99.832 100.019
Nondefense 110.613 110.917
Consumption expenditures 112.481 112.777
Gross investment 99.370 99.717
State and local 111.524 112.735
Consumption expenditures 112.386 113.337
Gross investment 108.151 110.362
Addenda:
Final sales of computers to
domestic purchasers (2) 51.756 50.296
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 108.908 109.444
Food 110.072 110.642
Energy goods and services 120.618 122.478
Gross domestic purchases
excluding food and energy 107.128 107.544
Gross domestic product 108.169 108.519
Gross domestic product
excluding final sales of
computers 108.983 109.369
Food 111.260 111.357
Energy goods and
services 117.036 115.331
Gross domestic product
excluding food and
energy 107.548 107.990
Final sales of domestic product 108.178 108.529
Final sales to domestic
purchasers 107.923 108.408
(1.) Excludes software "embedded," or bundled, in computers and other
equipment.
(2.) For some components of final sales of computers, includes computer
parts.
Table 1.6.7. Percent Change From Preceding Period in Prices for Gross
Domestic Purchases
[Percent]
Season-
ally
adjusted
at
annual
rates
2003
Line 2002 2003 III
Gross domestic purchases 1 1.5 2.0 1.7
Personal consumption
expenditures 2 1.4 1.9 1.6
Durable goods 3 -2.7 -3.4 -4.4
Motor vehicles and parts 4 -1.1 -2.1 -3.4
Furniture and household
equipment 5 -5.7 -6.0 -8.4
Other 6 -0.8 -1.6 0.8
Nondurable goods 7 0.6 2.0 3.5
Food 8 1.9 1.9 2.8
Clothing and shoes 9 -2.7 -2.5 0.2
Gasoline, fuel oil, and other
energy goods 10 -6.4 16.6 20.5
Other 11 2.2 0.2 1.5
Services 12 2.7 3.0 2.0
Housing 13 3.8 2.4 2.2
Household operation 14 -0.8 3.9 0.6
Electricity and gas 15 -5.2 7.8 0.6
Other household operation 16 1.9 1.5 0.7
Transportation 17 1.2 2.9 3.8
Medical care 18 2.6 3.4 3.4
Recreation 19 2.9 2.7 2.1
Other 20 3.7 2.8 0.0
Gross private domestic
investment 21 0.2 1.1 1.2
Fixed investment 22 0.2 1.2 1.2
Nonresidential 23 -0.8 -0.4 0.3
Structures 24 2.4 2.1 1.3
Equipment and software 25 -1.9 -1.2 0.0
Information processing
equipment and
software 26 -4.3 -3.9 -3.8
Computers and
peripheral
equipment 27 -14.2 -12.0 -8.5
Software (1) 28 -1.6 -2.0 -3.1
Other 29 -1.7 -1.1 -1.6
Industrial equipment 30 0.2 0.8 1.0
Transportation
equipment 31 1.1 3.7 12.2
Other equipment 32 0.8 1.0 0.6
Residential 33 2.5 4.4 3.1
Change in private inventories 34
Farm 35
Nonfarm 36
Government consumption
expenditures and gross
investment 37 2.7 3.2 2.2
Federal 38 3.3 3.6 1.1
National defense 39 3.4 4.2 1.1
Consumption expenditures 40 4.0 4.8 1.2
Gross investment 41 -0.8 0.1 0.4
Nondefense 42 3.1 2.6 1.0
Consumption expenditures 43 3.8 3.0 1.2
Gross investment 44 -0.9 -0.4 -0.5
State and local 45 2.4 3.0 2.9
Consumption expenditures 46 2.5 3.4 3.5
Gross investment 47 1.8 1.5 0.7
Addenda:
Final sales of computers to
domestic purchasers (2) 48 -17.2 -14.5 -13.5
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 49 1.7 2.2 1.9
Food 50 1.9 1.9 2.7
Energy goods and services 51 -6.0 13.1 10.6
Gross domestic purchases
excluding food and energy 52 1.8 1.6 1.2
Gross domestic product 53 1.7 1.8 1.4
Gross domestic product
excluding final sales of
computers 54 1.9 2.0 1.6
Food 55 1.9 2.2 2.9
Energy goods and
services 56 -7.8 8.2 8.3
Gross domestic product
excluding food and
energy 57 2.0 1.6 1.1
Final sales of domestic product 58 1.7 1.8 1.4
Final sales to domestic
purchasers 59 1.5 2.0 1.7
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Gross domestic purchases 1.4 3.4 3.5 1.8
Personal consumption
expenditures 1.2 3.3 3.1 1.1
Durable goods -4.3 0.0 -0.1 -3.1
Motor vehicles and parts -5.6 0.8 0.8 -1.9
Furniture and household
equipment -3.6 -2.4 -2.9 -4.9
Other -2.6 2.3 3.1 -2.7
Nondurable goods 0.5 5.3 6.6 0.9
Food 3.9 2.6 3.9 2.6
Clothing and shoes 0.5 -1.9 2.9 -2.9
Gasoline, fuel oil, and other
energy goods -10.9 44.6 44.8 1.0
Other -1.1 2.2 1.5 0.1
Services 2.7 3.0 2.1 2.1
Housing 2.3 2.1 3.7 2.4
Household operation -1.5 3.7 2.7 4.1
Electricity and gas -5.4 7.1 5.4 8.3
Other household operation 1.2 1.6 1.0 1.5
Transportation 2.4 -0.1 0.6 1.1
Medical care 3.7 3.7 2.2 2.7
Recreation 1.5 3.4 2.5 2.6
Other 4.2 3.7 0.3 0.5
Gross private domestic
investment 2.7 2.1 4.4 3.1
Fixed investment 2.8 2.0 4.3 3.1
Nonresidential 1.2 0.3 1.7 1.0
Structures 1.4 4.8 7.6 9.8
Equipment and software 1.2 -1.1 0.1 -1.5
Information processing
equipment and
software -4.4 -3.1 -2.7 -2.9
Computers and
peripheral
equipment -8.1 -6.6 -6.7 -9.8
Software (1) -5.5 -1.0 -1.3 -0.5
Other -1.1 -3.1 -1.8 -0.9
Industrial equipment 0.8 4.1 3.1 2.8
Transportation
equipment 24.8 0.4 2.0 -4.2
Other equipment -0.4 -0.6 4.5 1.6
Residential 5.8 5.4 9.1 7.0
Change in private inventories
Farm
Nonfarm
Government consumption
expenditures and gross
investment 1.0 5.1 4.3 3.4
Federal 1.0 6.6 3.0 1.6
National defense 1.3 5.7 3.5 1.8
Consumption expenditures 1.5 6.2 3.3 2.0
Gross investment 0.0 2.3 4.9 0.8
Nondefense 0.3 8.3 1.9 1.1
Consumption expenditures 0.6 9.4 1.9 1.1
Gross investment -1.5 0.9 1.9 1.4
State and local 1.0 4.2 5.2 4.4
Consumption expenditures 1.1 4.9 4.5 3.4
Gross investment 0.5 1.3 7.7 8.4
Addenda:
Final sales of computers to
domestic purchasers (2) -8.6 -6.9 -6.9 -10.8
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 1.5 3.6 3.7 2.0
Food 4.1 2.8 4.2 2.1
Energy goods and services -7.1 27.0 24.9 6.3
Gross domestic purchases
excluding food and energy 1.5 2.5 2.5 1.6
Gross domestic product 1.6 2.8 3.2 1.3
Gross domestic product
excluding final sales of
computers 1.7 2.9 3.3 1.4
Food 5.6 3.4 4.9 0.3
Energy goods and
services -7.6 14.0 14.8 -5.7
Gross domestic product
excluding food and
energy 1.5 2.3 2.7 1.7
Final sales of domestic product 1.6 2.7 3.2 1.3
Final sales to domestic
purchasers 1.4 3.4 3.5 1.8
(1.) Excludes software "embedded," or bundled, in computers and other
equipment.
(2.) For some components of final sales of computers, includes computer
parts.
Table 1.6.8. Contributions to Percent Change in the Gross Domestic
Purchases Price Index
Season-
ally
adjusted
at
annual
rates
2003
Line 2002 2003 III
Percent change at annual rate:
Gross domestic purchases 1 1.5 2.0 1.7
Percentage points at annual
rates:
Personal consumption
expenditures 2 0.96 1.28 1.10
Durable goods 3 -0.23 -0.29 -0.37
Motor vehicles and parts 4 -0.04 -0.08 -0.13
Furniture and household
equipment 5 -0.18 -0.18 -0.25
Other 6 -0.01 -0.03 0.01
Nondurable goods 7 0.11 0.38 0.67
Food 8 0.18 0.18 0.25
Clothing and shoes 9 -0.08 -0.07 0.00
Gasoline, fuel oil, and other
energy goods 10 -0.11 0.27 0.33
Other 11 0.12 0.01 0.08
Services 12 1.08 1.19 0.80
Housing 13 0.39 0.25 0.23
Household operation 14 -0.03 0.14 0.03
Electricity and gas 15 -0.08 0.11 0.01
Other household operation 16 0.05 0.04 0.02
Transportation 17 0.03 0.07 0.10
Medical care 18 0.28 0.38 0.39
Recreation 19 0.08 0.07 0.06
Other 20 0.34 0.26 0.00
Gross private domestic
investment 21 0.03 0.16 0.17
Fixed investment 22 0.03 0.17 0.18
Nonresidential 23 -0.08 -0.04 0.03
Structures 24 0.07 0.05 0.03
Equipment and software 25 -0.15 -0.09 0.00
Information processing
equipment and
software 26 -0.17 -0.15 -0.14
Computers and
peripheral
equipment 27 -0.12 -0.10 -0.07
Software (1) 28 -0.03 -0.03 -0.04
Other 29 -0.03 -0.02 -0.02
Industrial equipment 30 0.00 0.01 0.01
Transportation
equipment 31 0.01 0.04 0.12
Other equipment 32 0.01 0.01 0.01
Residential 33 0.11 0.21 0.15
Change in private inventories 34 0.00 -0.02 -0.01
Farm 35 0.00 0.00 -0.01
Nonfarm 36 0.00 -0.01 -0.01
Government consumption
expenditures and gross
investment 37 0.47 0.58 0.40
Federal 38 0.20 0.23 0.07
National defense 39 0.13 0.17 0.05
Consumption expenditures 40 0.13 0.17 0.04
Gross investment 41 0.00 0.00 0.00
Nondefense 42 0.07 0.06 0.02
Consumption expenditures 43 0.07 0.06 0.02
Gross investment 44 0.00 0.00 0.00
State and local 45 0.28 0.35 0.33
Consumption expenditures 46 0.23 0.31 0.32
Gross investment 47 0.04 0.03 0.02
Addenda:
Final sales of computers to
domestic purchasers (2) 48 -0.22 -0.19 -0.17
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 49 1.69 2.20 1.83
Food 50 0.18 0.18 0.25
Energy goods and services 51 -0.24 0.47 0.39
Gross domestic purchases
excluding food and energy 52 1.53 1.36 1.01
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Percent change at annual rate:
Gross domestic purchases 1.4 3.4 3.5 1.8
Percentage points at annual
rates:
Personal consumption
expenditures 0.82 2.19 2.08 0.74
Durable goods -0.37 0.00 -0.01 -0.25
Motor vehicles and parts -0.22 0.03 0.03 -0.07
Furniture and household
equipment -0.10 -0.07 -0.08 -0.14
Other -0.04 0.04 0.05 -0.04
Nondurable goods 0.11 1.00 1.25 0.18
Food 0.36 0.24 0.36 0.24
Clothing and shoes 0.01 -0.05 0.08 -0.08
Gasoline, fuel oil, and other
energy goods -0.21 0.69 0.73 0.02
Other -0.06 0.12 0.08 0.00
Services 1.08 1.20 0.84 0.81
Housing 0.24 0.21 0.38 0.24
Household operation -0.05 0.14 0.10 0.15
Electricity and gas -0.08 0.10 0.08 0.11
Other household operation 0.03 0.04 0.02 0.03
Transportation 0.06 0.00 0.02 0.03
Medical care 0.41 0.41 0.25 0.29
Recreation 0.04 0.09 0.07 0.07
Other 0.38 0.34 0.03 0.05
Gross private domestic
investment 0.40 0.32 0.68 0.48
Fixed investment 0.40 0.30 0.64 0.47
Nonresidential 0.12 0.03 0.17 0.10
Structures 0.03 0.10 0.17 0.21
Equipment and software 0.09 -0.08 0.01 -0.11
Information processing
equipment and
software -0.17 -0.12 -0.11 -0.11
Computers and
peripheral
equipment -0.07 -0.06 -0.06 -0.09
Software (1) -0.08 -0.01 -0.02 0.01
Other -0.02 -0.05 -0.03 -0.01
Industrial equipment 0.01 0.05 0.04 0.03
Transportation
equipment 0.25 0.00 0.02 -0.05
Other equipment 0.00 -0.01 0.06 0.02
Residential 0.29 0.28 0.47 0.37
Change in private inventories -0.01 0.02 0.04 0.01
Farm 0.01 0.03 0.01 -0.04
Nonfarm -0.02 -0.01 0.03 0.04
Government consumption
expenditures and gross
investment 0.18 0.89 0.77 0.59
Federal 0.06 0.42 0.20 0.10
National defense 0.06 0.25 0.15 0.08
Consumption expenditures 0.06 0.24 0.13 0.08
Gross investment 0.00 0.01 0.03 0.00
Nondefense 0.01 0.18 0.04 0.02
Consumption expenditures 0.01 0.17 0.04 0.02
Gross investment 0.00 0.00 0.01 0.00
State and local 0.11 0.47 0.57 0.49
Consumption expenditures 0.10 0.44 0.40 0.30
Gross investment 0.01 0.03 0.17 0.18
Addenda:
Final sales of computers to
domestic purchasers (2) -0.11 -0.09 -0.09 -0.15
Gross domestic purchases
excluding final sales of
computers to domestic
purchasers 1.50 3.50 3.63 1.96
Food 0.38 0.27 0.40 0.20
Energy goods and services -0.29 0.98 0.94 0.26
Gross domestic purchases
excluding food and energy 1.31 2.16 2.19 1.35
(1.) Excludes software "embedded," or bundled, in computers and other
equipment.
(2.) For some components of final sales of computers, includes computer
parts.
Table 1.7.1. Percent Change from Preceding Period in Real Gross Domestic
Product, Real Gross National Product, and Real Net National Product
[Percent]
Seasonally
adjusted at
annual
rates
2003
Line 2002 2003 III IV
Gross domestic product 1 1.9 3.0 7.4 4.2
Plus: Income receipts from the
rest of the world 2 -7.7 6.9 26.0 59.5
Less: Income payments to the rest
of the world 3 -3.0 -2.1 20.5 7.5
Equals: Gross national product 4 1.7 3.3 7.6 5.5
Less: Consumption of fixed capital 5 1.8 3.0 3.2 3.4
Private 6 1.8 3.1 3.3 3.6
Government 7 1.7 2.5 2.6 2.6
General government 8 2.4 2.5 2.5 2.6
Government
enterprises 9 -2.1 2.8 2.7 2.7
Equals: Net national product 10 1.7 3.3 8.2 5.8
Addenda:
Gross domestic income (1) 11 1.1 2.7 6.5 5.1
Gross national income (2) 12 1.0 2.9 6.7 6.4
Net domestic product 13 1.9 3.1 8.0 4.3
Net domestic income (3) 14 1.0 2.6 7.0 5.3
Seasonally
adjusted at
annual rates
2004
I II III
Gross domestic product 4.5 3.3 3.9
Plus: Income receipts from the
rest of the world -1.2 12.2 16.3
Less: Income payments to the rest
of the world 19.6 82.5 9.5
Equals: Gross national product 3.9 1.9 4.2
Less: Consumption of fixed capital 0.0 2.1 36.8
Private -0.5 2.0 44.5
Government 2.5 2.5 2.4
General government 2.4 2.4 2.3
Government
enterprises 2.7 2.7 2.5
Equals: Net national product 4.5 1.9 0.3
Addenda:
Gross domestic income (1) 2.7 3.6 3.9
Gross national income (2) 2.1 2.2 4.0
Net domestic product 5.1 3.5 0.0
Net domestic income (3) 3.1 3.8 -0.1
(1.) Gross domestic income deflated by the implicit price deflator for
gross domestic product.
(2.) Gross national income deflated by the implicit price deflator for
gross national product.
(3.) Net domestic income deflated by the implicit price deflator for
net domestic product.
Table 1.7.3. Real Gross Domestic Product, Real Gross National Product,
and Real Net National Product, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 102.626 105.749
Plus: Income receipts from the
rest of the world 2 76.231 81.493
Less: Income payments to the rest
of the world 3 77.063 75.413
Equals: Gross national product 4 102.494 105.865
Less: Consumption of fixed capital 5 109.245 112.502
Private 6 110.067 113.440
Government 7 105.124 107.804
General government 8 105.206 107.847
Government
enterprises 9 104.714 107.603
Equals: Net national product 10 101.578 104.963
Addendum:
Net domestic product 11 101.724 104.828
Seasonally adjusted
2003 2004
III IV I
Gross domestic product 106.681 107.780 108.969
Plus: Income receipts from the
rest of the world 81.545 91.642 91.359
Less: Income payments to the rest
of the world 76.574 77.974 81.545
Equals: Gross national product 106.755 108.192 109.241
Less: Consumption of fixed capital 112.917 113.870 113.874
Private 113.872 114.876 114.745
Government 108.138 108.835 109.501
General government 108.176 108.869 109.522
Government
enterprises 107.966 108.687 109.416
Equals: Net national product 105.914 107.414 108.596
Addendum:
Net domestic product 105.827 106.945 108.286
Seasonally
adjusted
2004
II III
Gross domestic product 109.858 110.863
Plus: Income receipts from the
rest of the world 94.028 97.641
Less: Income payments to the rest
of the world 94.785 96.954
Equals: Gross national product 109.769 110.898
Less: Consumption of fixed capital 114.468 123.788
Private 115.324 126.440
Government 110.166 110.808
General government 110.177 110.810
Government
enterprises 110.139 110.827
Equals: Net national product 109.115 109.201
Addendum:
Net domestic product 109.212 110.225
Table 1.7.4. Price Indexes for Gross Domestic Product, Gross National
Product, and Net National Product
[Index numbers, 2000=100]
Line 2002 2003
Gross domestic product 1 104.097 106.003
Plus: Income receipts from the
rest of the world 2 103.446 105.515
Less: Income payments to the rest
of the world 3 103.710 105.666
Equals: Gross national product 4 104.087 105.997
Less: Consumption of fixed capital 5 100.485 101.318
Private 6 100.200 101.052
Government 7 101.974 102.705
General government 8 101.681 102.307
Government
enterprises 9 103.537 104.841
Equals: Net national product 10 104.609 106.677
Addendum:
Net domestic product 11 104.622 106.687
Seasonally adjusted
2003 2004
III IV I
Gross domestic product 106.158 106.586 107.314
Plus: Income receipts from the
rest of the world 105.720 106.056 106.959
Less: Income payments to the rest
of the world 105.720 106.207 107.143
Equals: Gross national product 106.156 106.579 107.308
Less: Consumption of fixed capital 101.438 101.591 100.170
Private 101.168 101.361 99.595
Government 102.849 102.785 103.190
General government 102.458 102.337 102.741
Government
enterprises 104.946 105.191 105.599
Equals: Net national product 106.841 107.304 108.343
Addendum:
Net domestic product 106.847 107.314 108.355
Seasonally
adjusted
2004
II III
Gross domestic product 108.169 108.519
Plus: Income receipts from the
rest of the world 107.880 108.379
Less: Income payments to the rest
of the world 108.024 108.391
Equals: Gross national product 108.164 108.519
Less: Consumption of fixed capital 101.133 102.045
Private 100.470 101.312
Government 104.619 105.909
General government 104.096 105.243
Government
enterprises 107.432 109.505
Equals: Net national product 109.183 109.455
Addendum:
Net domestic product 109.195 109.460
Table 1.7.5. Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income, and Personal Income
[Billions of dollars]
Line 2002 2003
Gross domestic product 1 10,487.0 11,004.0
Plus: Income receipts from the
rest of the world 2 301.8 329.0
Less: Income payments to the rest
of the world 3 274.7 273.9
Equals: Gross national product 4 10,514.1 11,059.2
Less: Consumption of fixed capital 5 1,303.9 1,353.9
Private 6 1,092.8 1,135.9
Domestic business 7 912.6 942.6
Capital
consumption
allowances 8 1,126.3 1,225.6
Less: Capital
consumption
adjustment 9 213.6 283.0
Households and
institutions 10 180.2 193.3
Government 11 211.2 218.1
General government 12 178.0 183.6
Government
enterprises 13 33.2 34.5
Equals: Net national product 14 9,210.1 9,705.2
Less: Statistical discrepancy 15 -15.3 25.6
Equals: National income 16 9,225.4 9,679.6
Less: Corporate profits with
inventory valuation and capital
consumption adjustments 17 874.6 1,021.1
Taxes on production and
imports less subsidies 18 724.4 751.3
Contributions for
government social
insurance 19 748.3 773.2
Net interest and
miscellaneous
payments on assets 20 532.9 543.0
Business current transfer
payments (net) 21 80.9 77.7
Current surplus of
government enterprises 22 2.8 9.5
Wage accruals less
disbursements 23 0.0 0.0
Plus: Personal income receipts on
assets 24 1,334.6 1,322.7
Personal current transfer
receipts 25 1,282.7 1,335.4
Equals: Personal income 26 8,878.9 9,161.8
Addenda:
Gross domestic income 27 10,502.3 10,978.5
Gross national income 28 10,529.4 11,033.6
Gross national factor income (1) 29 9,721.3 10,195.1
Net domestic product 30 9,183.1 9,650.1
Net domestic income 31 9,198.4 9,624.5
Net national factor income (2) 32 8,417.4 8,841.1
Seasonally adjusted at annual
rates
2003 2004
III IV I
Gross domestic product 11,116.7 11,270.9 11,472.6
Plus: Income receipts from the
rest of the world 329.8 371.8 373.8
Less: Income payments to the rest
of the world 278.2 284.6 300.3
Equals: Gross national product 11,168.3 11,358.1 11,546.1
Less: Consumption of fixed capital 1,360.6 1,374.2 1,355.0
Private 1,141.5 1,153.8 1,132.4
Domestic business 946.5 955.0 936.4
Capital
consumption
allowances 1,255.5 1,278.4 1,319.8
Less: Capital
consumption
adjustment 309.0 323.3 383.4
Households and
institutions 195.0 198.8 196.0
Government 219.1 220.4 222.6
General government 184.4 185.4 187.2
Government
enterprises 34.7 35.0 35.4
Equals: Net national product 9,807.7 9,983.9 10,191.1
Less: Statistical discrepancy 36.6 12.8 63.0
Equals: National income 9,771.1 9,971.1 10,128.1
Less: Corporate profits with
inventory valuation and capital
consumption adjustments 1,057.1 1,129.1 1,165.6
Taxes on production and
imports less subsidies 757.4 769.4 782.9
Contributions for
government social
insurance 776.7 785.0 803.9
Net interest and
miscellaneous
payments on assets 542.8 545.3 554.5
Business current transfer
payments (net) 78.9 80.1 82.7
Current surplus of
government enterprises 9.3 8.7 8.1
Wage accruals less
disbursements 0.0 0.0 1.5
Plus: Personal income receipts on
assets 1,314.4 1,325.8 1,337.1
Personal current transfer
receipts 1,346.2 1,350.7 1,379.0
Equals: Personal income 9,209.3 9,330.0 9,445.0
Addenda:
Gross domestic income 11,080.1 11,258.1 11,409.6
Gross national income 11,131.7 11,345.2 11,483.1
Gross national factor income (1) 10,285.9 10,487.0 10,609.5
Net domestic product 9,756.2 9,896.7 10,117.6
Net domestic income 9,719.5 9,883.9 10,054.6
Net national factor income (2) 8,925.4 9,112.8 9,254.5
Seasonally adjusted
at annual rates
2004
II III
Gross domestic product 11,657.5 11,810.0
Plus: Income receipts from the
rest of the world 388.0 404.8
Less: Income payments to the rest
of the world 351.9 361.2
Equals: Gross national product 11,693.6 11,853.7
Less: Consumption of fixed capital 1,375.2 1,500.5
Private 1,148.1 1,269.4
Domestic business 948.8 1,023.9
Capital
consumption
allowances 1,327.7 1,378.0
Less: Capital
consumption
adjustment 378.9 354.1
Households and
institutions 199.4 245.5
Government 227.0 231.2
General government 190.8 194.0
Government
enterprises 36.2 37.1
Equals: Net national product 10,318.4 10,353.1
Less: Statistical discrepancy 56.4 59.6
Equals: National income 10,262.0 10,293.5
Less: Corporate profits with
inventory valuation and capital
consumption adjustments 1,173.9 1,146.3
Taxes on production and
imports less subsidies 796.3 804.4
Contributions for
government social
insurance 814.0 823.1
Net interest and
miscellaneous
payments on assets 548.5 545.6
Business current transfer
payments (net) 83.5 76.4
Current surplus of
government enterprises 7.4 6.5
Wage accruals less
disbursements -1.5 0.0
Plus: Personal income receipts on
assets 1,352.3 1,366.4
Personal current transfer
receipts 1,400.4 1,414.0
Equals: Personal income 9,592.7 9,671.7
Addenda:
Gross domestic income 11,601.1 11,750.4
Gross national income 11,637.2 11,794.0
Gross national factor income (1) 10,750.0 10,906.8
Net domestic product 10,282.3 10,309.5
Net domestic income 10,225.9 10,249.9
Net national factor income (2) 9,374.9 9,406.2
(1.) Consists of compensation of employees, proprietors' income with
inventory valuation adjustment (IVA) and capital consumption adjustment
(CCAdj), rental income of persons with CCAdj, corporate profits with
IVA and CCAdj, net interest and miscellaneous payments, and consumption
of fixed capital.
(2.) Consists of gross national factor income less consumption of fixed
capital.
Table 1.7.6. Relation of Real Gross Domestic Product, Real Gross
National Product, and Real Net National Product, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Gross domestic product 1 10,074.8 10,381.3
Plus: Income receipts from the
rest of the world 2 291.7 311.9
Less: Income payments to the rest
of the world 3 264.9 259.2
Equals: Gross national product 4 10,101.7 10,433.9
Less: Consumption of fixed capital 5 1,297.6 1,336.3
Private 6 1,090.6 1,124.0
Government 7 207.1 212.4
General government 8 175.0 179.4
Government
enterprises 9 32.0 32.9
Equals: Net national product 10 8,804.8 9,098.3
Addenda:
Gross domestic income (1) 11 10,089.5 10,357.2
Gross national income (2) 12 10,116.4 10,409.8
Net domestic product 13 8,777.9 9,045.8
Net domestic income (3) 14 8,792.5 9,021.8
Seasonally adjusted at annual
rates
2003 2004
III IV I
Gross domestic product 10,472.8 10,580.7 10,697.5
Plus: Income receipts from the
rest of the world 312.1 350.7 349.6
Less: Income payments to the rest
of the world 263.2 268.0 280.3
Equals: Gross national product 10,521.7 10,663.3 10,766.7
Less: Consumption of fixed capital 1,341.3 1,352.6 1,352.6
Private 1,128.3 1,138.2 1,137.0
Government 213.0 214.4 215.7
General government 180.0 181.1 182.2
Government
enterprises 33.0 33.3 33.5
Equals: Net national product 9,180.7 9,310.7 9,413.2
Addenda:
Gross domestic income (1) 10,438.4 10,568.7 10,638.7
Gross national income (2) 10,487.1 10,651.2 10,707.9
Net domestic product 9,132.0 9,228.4 9,344.1
Net domestic income (3) 9,097.7 9,216.4 9,285.9
Seasonally adjusted
at annual rates
2004
II III
Gross domestic product 10,784.7 10,883.4
Plus: Income receipts from the
rest of the world 359.8 373.7
Less: Income payments to the rest
of the world 325.8 333.3
Equals: Gross national product 10,818.7 10,930.0
Less: Consumption of fixed capital 1,359.7 1,470.4
Private 1,142.7 1,252.8
Government 217.0 218.3
General government 183.3 184.4
Government
enterprises 33.7 33.9
Equals: Net national product 9,458.2 9,465.6
Addenda:
Gross domestic income (1) 10,732.5 10,834.6
Gross national income (2) 10,766.5 10,875.0
Net domestic product 9,424.1 9,425.2
Net domestic income (3) 9,372.3 9,370.6
(1.) Gross domestic income deflated by the implicit price deflator for
gross domestic product.
(2.) Gross national income deflated by the implicit price deflator for
gross national product.
(3.) Net domestic income deflated by the implicit price deflator for
net domestic product.
NOTE. Except as noted in footnotes 1, 2 and 3, chained (2000) dollar
series are calculated as the product of the chain-type quantity index
and the 2000 current-dollar value of the corresponding series, divided
by 100. Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar
estimates are usually not additive.
Table 1.8.3. Command-Basis Real Gross National Product, Quantity
Indexes
[Index numbers, 2000=100]
Season-
ally
adjust-
ed
2003
Line 2002 2003 III
Gross national product 1 102.494 105.865 106.755
Less: Exports of goods and
services and income receipts
from the rest of the world 2 88.119 90.825 90.974
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world (1) 3 90.568 92.380 92.530
Equals: Command-basis gross
national product 4 102.861 106.098 106.988
Addendum:
Percent change from preceding
period in command-basis
real gross national product 5 1.8 3.1 7.4
Seasonally adjusted
2003 2004
IV I II III
Gross national product 108.192 109.241 109.769 110.898
Less: Exports of goods and
services and income receipts
from the rest of the world 96.507 97.721 99.727 101.842
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world (1) 98.550 98.953 100.611 102.050
Equals: Command-basis gross
national product 108.498 109.426 109.901 110.929
Addendum:
Percent change from preceding
period in command-basis
real gross national product 5.8 3.5 1.8 3.8
(1.) Exports of goods and services and income receipts deflated by the
implicit price deflator for imports of goods and services and income
payments.
Table 1.8.6. Command-Basis Real Gross National Product, Chained Dollars
[Billions of chained (2000) dollars]
2003
Line 2002 2003 III
Gross national product 1 10,101.7 10,433.9 10,521.7
Less: Exports of goods and
services and income receipts
from the rest of the world 2 1,303.2 1,343.2 1,345.5
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world (1) 3 1,339.4 1,366.2 1,368.5
Equals: Command-basis gross
national product 4 10,137.9 10,456.9 10,544.7
Addendum:
Terms of trade (2) 5 102.779 101.712 101.714
2003 2004
IV I II
Gross national product 10,663.3 10,766.7 10,818.7
Less: Exports of goods and
services and income receipts
from the rest of the world 1,427.3 1,445.2 1,474.9
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world (1) 1,457.5 1,463.5 1,488.0
Equals: Command-basis gross
national product 10,693.6 10,784.9 10,831.9
Addendum:
Terms of trade (2) 102.120 101.263 100.891
Season-
ally
adjusted
at
annual
rates
III
Gross national product 10,930.0
Less: Exports of goods and
services and income receipts
from the rest of the world 1,506.2
Plus: Command-basis exports of
goods and services and income
receipts from the rest of the
world (1) 1,509.3
Equals: Command-basis gross
national product 10,933.1
Addendum:
Terms of trade (2) 100.207
(1.) Exports of goods and services and income receipts deflated by the
implicit price deflator for imports of goods and services and income
payments.
(2.) Ratio of the implicit price deflator for exports of goods and
services and income receipts to the corresponding implicit price
deflator for imports divided by 100.
NOTE. Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive.
Table 1.10. Gross Domestic Income by Type of Income
[Billions of dollars]
Line 2002 2003
Gross domestic income 1 10,502.3 10,978.5
Compensation of employees, paid 2 6,074.9 6,294.5
Wage and salary accruals 3 4,981.7 5,109.1
Disbursements 4 4,981.7 5,109.1
To persons 5 4,973.3 5,100.5
To the rest of the world 6 8.4 8.5
Wage accruals less disbursements 7 0.0 0.0
Supplements to wages and salaries 8 1,093.2 1,185.5
Taxes on production and imports 9 762.6 798.1
Less: Subsidies 10 38.2 46.7
Net operating surplus 11 2,399.1 2,578.7
Private enterprises 12 2,396.3 2,569.2
Net interest and miscellaneous
payments, domestic industries 13 658.2 659.3
Business current transfer payments
(net) 14 80.9 77.7
Proprietors' income with inventory
valuation and capital
consumption adjustments 15 769.6 834.1
Rental income of persons with
capital consumption adjustment 16 170.9 153.8
Corporate profits with inventory
valuation and capital
consumption adjustments,
domestic industries 17 716.8 844.2
Taxes on corporate income 18 183.8 234.9
Profits after tax with inventory
valuation and capital
consumption adjustments 19 532.9 609.3
Net dividends 20 347.5 374.8
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments 21 185.5 234.5
Current surplus of government
enterprises 22 2.8 9.5
Consumption of fixed capital 23 1,303.9 1,353.9
Private 24 1,092.8 1,135.9
Government 25 211.2 218.1
Addendum:
Statistical discrepancy 26 -15.3 25.6
Seasonally adjusted at annual
rates
2003 2004
III IV I
Gross domestic income 11,080.1 11,258.1 11,409.6
Compensation of employees, paid 6,330.1 6,412.2 6,495.0
Wage and salary accruals 5,134.0 5,194.4 5,246.3
Disbursements 5,134.0 5,194.4 5,244.8
To persons 5,125.5 5,185.8 5,236.1
To the rest of the world 8.5 8.7 8.6
Wage accruals less disbursements 0.0 0.0 1.5
Supplements to wages and salaries 1,196.1 1,217.8 1,248.8
Taxes on production and imports 802.0 813.9 823.3
Less: Subsidies 44.5 44.4 40.4
Net operating surplus 2,632.0 2,702.3 2,776.7
Private enterprises 2,622.7 2,693.6 2,768.6
Net interest and miscellaneous
payments, domestic industries 659.3 668.5 680.7
Business current transfer payments
(net) 78.9 80.1 82.7
Proprietors' income with inventory
valuation and capital
consumption adjustments 852.0 864.7 872.1
Rental income of persons with
capital consumption adjustment 148.8 167.1 172.8
Corporate profits with inventory
valuation and capital
consumption adjustments,
domestic industries 883.7 913.3 960.3
Taxes on corporate income 238.7 252.3 256.5
Profits after tax with inventory
valuation and capital
consumption adjustments 644.9 660.9 703.8
Net dividends 361.0 371.5 367.5
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments 284.0 289.5 336.3
Current surplus of government
enterprises 9.3 8.7 8.1
Consumption of fixed capital 1,360.6 1,374.2 1,355.0
Private 1,141.5 1,153.8 1,132.4
Government 219.1 220.4 222.6
Addendum:
Statistical discrepancy 36.6 12.8 63.0
Seasonally adjusted
at annual rates
2004
II III
Gross domestic income 11,601.1 11,750.4
Compensation of employees, paid 6,584.7 6,663.8
Wage and salary accruals 5,317.5 5,381.7
Disbursements 5,319.0 5,381.7
To persons 5,309.9 5,372.6
To the rest of the world 9.1 9.2
Wage accruals less disbursements -1.5 0.0
Supplements to wages and salaries 1,267.2 1,282.1
Taxes on production and imports 835.7 844.1
Less: Subsidies 39.4 39.7
Net operating surplus 2,844.9 2,781.7
Private enterprises 2,837.5 2,775.2
Net interest and miscellaneous
payments, domestic industries 691.6 689.9
Business current transfer payments
(net) 83.5 76.4
Proprietors' income with inventory
valuation and capital
consumption adjustments 901.4 903.2
Rental income of persons with
capital consumption adjustment 172.6 153.6
Corporate profits with inventory
valuation and capital
consumption adjustments,
domestic industries 988.6 952.1
Taxes on corporate income 271.2 261.4
Profits after tax with inventory
valuation and capital
consumption adjustments 717.4 690.8
Net dividends 360.5 376.9
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments 356.9 313.9
Current surplus of government
enterprises 7.4 6.5
Consumption of fixed capital 1,375.2 1,500.5
Private 1,148.1 1,269.4
Government 227.0 231.2
Addendum:
Statistical discrepancy 56.4 59.6
Table 1.12. National Income by Type of Income
[Billions of dollars]
Line 2002 2003
National income 1 9,225.4 9,679.6
Compensation of employees 2 6,069.5 6,289.0
Wage and salary accruals 3 4,976.3 5,103.6
Government 4 862.6 897.9
Other 5 4,113.7 4,205.6
Supplements to wages and salaries 6 1,093.2 1,185.5
Employer contributions for
employee pension and insurance
funds 7 729.6 808.9
Employer contributions for
government social insurance 8 363.6 376.6
Proprietors' income with IVA and CCAdj 9 769.6 834.1
Farm 10 9.7 21.8
Nonfarm 11 759.9 812.3
Rental income of persons with CCAdj 12 170.9 153.8
Corporate profits with IVA and CCAdj 13 874.6 1,021.1
Taxes on corporate income 14 183.8 234.9
Profits after tax with IVA and CCAdj 15 690.7 786.2
Net dividends 16 390.0 395.3
Undistributed profits with IVA and
CCAdj 17 300.7 390.9
Net interest and miscellaneous
payments 18 532.9 543.0
Taxes on production and imports 19 762.6 798.1
Less: Subsidies 20 38.2 46.7
Business current transfer payments
(net) 21 80.9 77.7
To persons (net) 22 33.7 28.9
To government (net) 23 46.7 46.6
To the rest of the world (net) 24 0.4 2.2
Current surplus of government
enterprises 25 2.8 9.5
Cash flow:
Net cash flow with IVA and CCAdj 26 1,058.5 1,173.4
Undistributed profits with IVA and
CCAdj 27 300.7 390.9
Consumption of fixed capital 28 757.8 782.5
Less: Inventory valuation adjustment 28 -1.2 -14.1
Equals: Net cash flow 29 1,059.8 1,187.5
Addenda:
Proprietors' income with IVA and
CCAdj 31 769.6 834.1
Farm 32 9.7 21.8
Proprietors' income with IVA 33 15.4 27.8
Capital consumption adjustment 34 -5.8 -5.9
Nonfarm 35 759.9 812.3
Proprietors' income (without IVA
and CCAdj) 36 647.5 673.9
Inventory valuation adjustment 37 -0.6 -1.9
Capital consumption adjustment 38 113.0 140.2
Rental income of persons with CCAdj 39 170.9 153.8
Rental income of persons (without
CCAdj) 40 182.3 165.9
Capital consumption adjustment 41 11.4 12.1
Corporate profits with IVA and CCAdj 42 874.6 1,021.1
Corporate profits with IVA 43 756.8 860.4
Profits before tax (without IVA
and CCAdj) 44 758.0 874.5
Taxes on corporate income 45 183.8 234.9
Profits after tax (without IVA
and CCAdj) 46 574.2 639.6
Net dividends 47 390.0 639.6
Undistributed profits
(without IVA and CCAdj) 48 184.1 244.2
Inventory valuation adjustment 49 -1.2 -14.1
Capital consumption adjustment 50 117.8 160.8
Seasonally adjusted at annual
rates
2003
III IV I
National income 9,771.1 9,971.1 10,128.1
Compensation of employees 6,324.7 6,406.7 6,489.4
Wage and salary accruals 5,128.6 5,188.9 5,240.7
Government 901.1 905.0 918.8
Other 4,227.5 4,283.9 4,321.8
Supplements to wages and salaries 1,196.1 1,217.8 1,248.8
Employer contributions for
employee pension and insurance
funds 817.9 835.9 856.5
Employer contributions for
government social insurance 378.2 381.9 392.3
Proprietors' income with IVA and CCAdj 852.0 864.7 872.1
Farm 24.8 24.7 17.9
Nonfarm 827.2 840.0 854.2
Rental income of persons with CCAdj 148.8 167.1 172.8
Corporate profits with IVA and CCAdj 1,057.1 1,129.1 1,165.6
Taxes on corporate income 238.7 252.3 256.5
Profits after tax with IVA and CCAdj 818.4 876.8 909.1
Net dividends 394.1 396.4 403.4
Undistributed profits with IVA and
CCAdj 424.2 480.4 505.7
Net interest and miscellaneous
payments 542.8 545.3 554.5
Taxes on production and imports 802.0 813.9 823.3
Less: Subsidies 44.5 44.4 40.4
Business current transfer payments
(net) 78.9 80.1 82.7
To persons (net) 28.9 28.8 29.3
To government (net) 47.2 47.5 49.4
To the rest of the world (net) 2.9 3.8 4.0
Current surplus of government
enterprises 9.3 8.7 8.1
Cash flow:
Net cash flow with IVA and CCAdj 1,210.0 1,273.2 1,279.1
Undistributed profits with IVA and
CCAdj 424.2 480.4 505.7
Consumption of fixed capital 785.8 792.9 773.4
Less: Inventory valuation adjustment -3.8 -24.3 -37.0
Equals: Net cash flow 1,213.8 1,297.6 1,316.1
Addenda:
Proprietors' income with IVA and
CCAdj 852.0 864.7 872.1
Farm 24.8 24.7 17.9
Proprietors' income with IVA 30.8 30.7 23.6
Capital consumption adjustment 0.0 -6.1 -5.6
Nonfarm 827.2 840.0 854.2
Proprietors' income (without IVA
and CCAdj) 681.0 688.1 697.9
Inventory valuation adjustment -1.1 -2.6 -4.5
Capital consumption adjustment 147.3 154.5 160.8
Rental income of persons with CCAdj 148.8 167.1 172.8
Rental income of persons (without
CCAdj) 160.9 179.4 184.7
Capital consumption adjustment 12.1 12.3 -11.9
Corporate profits with IVA and CCAdj 1,057.1 1,129.1 1,165.6
Corporate profits with IVA 877.2 941.9 925.4
Profits before tax (without IVA
and CCAdj) 881.0 966.2 962.4
Taxes on corporate income 238.7 252.3 256.5
Profits after tax (without IVA
and CCAdj) 642.3 713.9 705.9
Net dividends 394.1 396.4 403.4
Undistributed profits
(without IVA and CCAdj) 248.1 317.5 302.5
Inventory valuation adjustment -3.8 -24.3 -37.0
Capital consumption adjustment 179.9 187.2 240.2
Seasonally adjusted
at annual rates
2004
II III
National income 10,262.0 10,293.5
Compensation of employees 6,578.5 6,657.6
Wage and salary accruals 5,311.4 5,375.4
Government 922.0 928.5
Other 4,389.3 4,447.0
Supplements to wages and salaries 1,267.2 1,282.1
Employer contributions for
employee pension and insurance
funds 870.4 881.3
Employer contributions for
government social insurance 396.8 400.8
Proprietors' income with IVA and CCAdj 901.4 903.2
Farm 18.9 14.1
Nonfarm 882.5 889.1
Rental income of persons with CCAdj 172.6 153.6
Corporate profits with IVA and CCAdj 1,173.9 1,146.3
Taxes on corporate income 271.2 261.4
Profits after tax with IVA and CCAdj 902.7 884.9
Net dividends 413.2 424.0
Undistributed profits with IVA and
CCAdj 489.5 460.9
Net interest and miscellaneous
payments 548.5 545.6
Taxes on production and imports 835.7 844.1
Less: Subsidies 39.4 39.7
Business current transfer payments
(net) 83.5 76.4
To persons (net) 29.3 42.9
To government (net) 50.1 44.0
To the rest of the world (net) 4.0 -10.5
Current surplus of government
enterprises 7.4 6.5
Cash flow:
Net cash flow with IVA and CCAdj 1,273.4 1,293.8
Undistributed profits with IVA and
CCAdj 489.5 460.9
Consumption of fixed capital 783.9 832.9
Less: Inventory valuation adjustment -47.8 -39.3
Equals: Net cash flow 1,321.2 1,333.1
Addenda:
Proprietors' income with IVA and
CCAdj 901.4 903.2
Farm 18.9 14.1
Proprietors' income with IVA 24.7 20.0
Capital consumption adjustment -5.8 -5.9
Nonfarm 882.5 889.1
Proprietors' income (without IVA
and CCAdj) 725.0 734.9
Inventory valuation adjustment -5.8 -4.7
Capital consumption adjustment 163.3 158.9
Rental income of persons with CCAdj 172.6 153.6
Rental income of persons (without
CCAdj) 184.6 173.7
Capital consumption adjustment -12.0 -20.1
Corporate profits with IVA and CCAdj 1,173.9 1,146.3
Corporate profits with IVA 940.6 925.0
Profits before tax (without IVA
and CCAdj) 988.3 964.3
Taxes on corporate income 271.2 261.4
Profits after tax (without IVA
and CCAdj) 717.1 703.0
Net dividends 413.2 424.0
Undistributed profits
(without IVA and CCAdj) 303.9 279.0
Inventory valuation adjustment -47.8 -39.3
Capital consumption adjustment 233.3 221.2
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
Table 1.14. Gross Value Added of Domestic Corporate Business in Current
Dollars and Gross Value Added of Nonfinancial Domestic Corporate
Business in Current and Chained Dollars
[Billions of dollars]
Line 2002 2003
Gross value added of corporate
business (1) 1 6,224.0 6,518.0
Consumption of fixed capital 2 757.8 782.5
Net value added 3 5,466.2 5,735.5
Compensation of employees 4 4,031.3 4,147.6
Wage and salary accruals 5 3,327.3 3,380.8
Supplements to wages and salaries 6 704.1 766.8
Taxes on production and imports less
subsidies 7 502.4 523.2
Net operating surplus 8 932.5 1,064.7
Net interest and miscellaneous
payments 9 150.0 155.5
Business current transfer payments 10 65.7 65.0
Corporate profits with IVA and
CCAdj 11 716.8 844.2
Taxes on corporate income 12 183.8 234.9
Profits after tax with IVA and
CCAdj 13 532.9 609.3
Net dividends 14 347.5 374.8
Undistributed profits with IVA
and CCAdj 15 185.5 234.5
Gross value added of financial
corporate business (1) 16 846.3 911.2
Gross value added of nonfinancial
corporate business (1) 17 5,377.7 5,606.8
Consumption of fixed capital 18 655.7 676.4
Net value added 19 4,722.0 4,930.5
Compensation of employees 20 3,601.3 3,696.2
Wage and salary accruals 21 2,971.0 3,006.9
Supplements to wages and salaries 22 630.3 689.3
Taxes on production and imports less
subsidies 23 465.1 483.4
Net operating surplus 24 655.5 750.8
Net interest and miscellaneous
payments 25 181.7 170.8
Business current transfer payments 26 55.5 63.5
Corporate profits with IVA and
CCAdj 27 418.4 516.4
Taxes on corporate income 28 89.0 130.0
Profits after tax with IVA and
CCAdj 29 329.4 386.4
Net dividends 30 254.9 275.4
Undistributed profits with IVA
and CCAdj 31 74.5 111.0
Addenda:
Corporate business:
Profits before tax (without IVA
and CCAdj) 32 600.2 697.6
Profits after tax (without IVA and
CCAdj) 33 416.4 462.6
Inventory valuation adjustment 34 -1.2 -14.1
Capital consumption adjustment 35 117.8 160.8
Nonfinancial corporate business:
Profits before tax (without IVA
and CCAdj) 36 324.1 397.7
Profits after tax (without IVA and
CCAdj) 37 235.1 267.7
Inventory valuation adjustment 38 -1.2 -14.1
Capital consumption adjustment 39 95.6 132.9
Value added, in billions of
chained (2000) dollars
Gross value added of nonfinancial
corporate business (2) 40 5,306.6 5,520.2
Consumption of fixed capital (3) 41 628.0 647.2
Net value added (4) 42 4,678.6 4,873.0
Seasonally adjusted at
annual rates
2003 2004
III IV I
Gross value added of corporate
business (1) 6,594.1 6,702.1 6,793.6
Consumption of fixed capital 785.8 792.9 773.4
Net value added 5,808.3 5,909.3 6,020.3
Compensation of employees 4,171.9 4,231.5 4,284.2
Wage and salary accruals 3,398.3 3,443.7 3,474.2
Supplements to wages and salaries 773.6 787.8 810.0
Taxes on production and imports less
subsidies 529.0 535.7 542.2
Net operating surplus 1,107.5 1,142.1 1,193.9
Net interest and miscellaneous
payments 156.8 159.7 162.2
Business current transfer payments 67.0 69.1 71.4
Corporate profits with IVA and
CCAdj 883.7 913.3 960.3
Taxes on corporate income 238.7 252.3 256.5
Profits after tax with IVA and
CCAdj 644.9 660.9 703.8
Net dividends 361.0 371.5 367.5
Undistributed profits with IVA
and CCAdj 284.0 289.5 336.3
Gross value added of financial
corporate business (1) 925.1 934.6 954.2
Gross value added of nonfinancial
corporate business (1) 5,669.0 5,767.5 5,839.4
Consumption of fixed capital 679.0 684.3 671.8
Net value added 4,990.0 5,083.3 5,167.6
Compensation of employees 3,717.9 3,771.0 3,818.1
Wage and salary accruals 3,022.4 3,062.8 3,089.9
Supplements to wages and salaries 695.4 708.3 728.1
Taxes on production and imports less
subsidies 489.0 495.0 501.1
Net operating surplus 783.2 817.2 848.5
Net interest and miscellaneous
payments 170.2 172.1 174.8
Business current transfer payments 65.7 67.8 69.0
Corporate profits with IVA and
CCAdj 547.3 577.3 604.6
Taxes on corporate income 132.2 146.8 147.7
Profits after tax with IVA and
CCAdj 415.1 430.5 456.9
Net dividends 265.6 273.6 270.6
Undistributed profits with IVA
and CCAdj 149.5 156.9 186.2
Addenda:
Corporate business:
Profits before tax (without IVA
and CCAdj) 707.6 750.4 757.0
Profits after tax (without IVA and
CCAdj) 468.8 498.1 500.6
Inventory valuation adjustment -3.8 -24.3 -37.0
Capital consumption adjustment 179.9 187.2 240.2
Nonfinancial corporate business:
Profits before tax (without IVA
and CCAdj) 401.4 445.0 443.4
Profits after tax (without IVA and
CCAdj) 269.2 298.2 295.6
Inventory valuation adjustment -3.8 -24.3 -37.0
Capital consumption adjustment 149.7 156.6 198.3
Value added, in billions of
chained (2000) dollars
Gross value added of nonfinancial
corporate business (2) 5,579.6 5,670.7 5,711.5
Consumption of fixed capital (3) 649.5 665.1 654.1
Net value added (4) 4,930.1 5,015.6 5,057.4
Seasonally adjusted
at annual rates
2004
II III
Gross value added of corporate
business (1) 6,911.3 7,028.0
Consumption of fixed capital 783.9 832.9
Net value added 6,127.4 6,195.1
Compensation of employees 4,352.1 4,409.0
Wage and salary accruals 3,528.8 3,575.2
Supplements to wages and salaries 823.3 833.9
Taxes on production and imports less
subsidies 550.1 555.5
Net operating surplus 1,225.2 1,230.6
Net interest and miscellaneous
payments 164.4 164.1
Business current transfer payments 72.2 114.4
Corporate profits with IVA and
CCAdj 988.6 952.1
Taxes on corporate income 271.2 261.4
Profits after tax with IVA and
CCAdj 717.4 690.8
Net dividends 360.5 376.9
Undistributed profits with IVA
and CCAdj 356.9 313.9
Gross value added of financial
corporate business (1) 955.8 986.6
Gross value added of nonfinancial
corporate business (1) 5,955.5 6,041.4
Consumption of fixed capital 680.9 728.3
Net value added 5,274.7 5,313.1
Compensation of employees 3,878.6 3,929.3
Wage and salary accruals 3,138.5 3,179.7
Supplements to wages and salaries 740.1 749.6
Taxes on production and imports less
subsidies 508.4 513.3
Net operating surplus 887.6 870.4
Net interest and miscellaneous
payments 177.2 176.9
Business current transfer payments 69.6 42.5
Corporate profits with IVA and
CCAdj 640.8 651.0
Taxes on corporate income 164.9 168.7
Profits after tax with IVA and
CCAdj 475.9 482.3
Net dividends 265.5 277.6
Undistributed profits with IVA
and CCAdj 210.5 204.7
Addenda:
Corporate business:
Profits before tax (without IVA
and CCAdj) 803.0 770.2
Profits after tax (without IVA and
CCAdj) 531.8 508.9
Inventory valuation adjustment -47.8 -39.3
Capital consumption adjustment 233.3 221.2
Nonfinancial corporate business:
Profits before tax (without IVA
and CCAdj) 496.5 510.4
Profits after tax (without IVA and
CCAdj) 331.7 341.6
Inventory valuation adjustment -47.8 -39.3
Capital consumption adjustment 192.0 180.0
Value added, in
billions of
chained (2000)
dollars
Gross value added of nonfinancial
corporate business (2) 5,770.9 5,850.1
Consumption of fixed capital (3) 657.2 697.2
Net value added (4) 5,113.6 5,152.9
(1.) Estimates for financial corporate business and nonfinancial
corporate business for 2000 and earlier periods are based on the 1987
Standard Industrial Classification (SIC); later estimates for these
industries are based on the North American Industry Classification
System (NAICS).
(2.) Effective with the estimates scheduled for release on December 22,
2004, chained-dollar gross value added of nonfinancial corporate
business for 1929 to 2004 will be revised. The current-dollar value
added will be deflated by a revised chain-type price index calculated
using the gross value added chain-type price index for nonfinancial
industries from the comprehensive revision of the GDP-by-industry
accounts.
(3.) Chained-dollar consumption of fixed capital of nonfinancial
corporate business is calculated as the product of the chain-type
quantity index and the 2000 current-dollar value of the corresponding
series, divided by 100.
(4.) Chained-dollar net value added of nonfinancial corporate business
is the difference between the gross product and the consumption of
fixed capital.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
Table 1.15. Price, Costs, and Profit Per Unit of Real Gross Value Added
of Nonfinancial Domestic Corporate Business
[Dollars]
Sea-
son-
ally
ad-
jus-
ted
Line 2002 2003 2003
III
Price per unit of real gross value
added of nonfinancial corporate
business (1) 1 1.013 1.016 1.016
Compensation of employees (unit
labor cost) 2 0.679 0.670 0.666
Unit nonlabor cost 3 0.256 0.253 0.252
Consumption of fixed capital 4 0.124 0.123 0.122
Taxes on production and imports
less subsidies plus business
current transfer payments 5 0.098 0.099 0.099
Net interest and miscellaneous
payments 6 0.034 0.031 0.031
Corporate profits with IVA and
CCAdj (unit profits from current
production) 7 0.079 0.094 0.098
Taxes on corporate income 8 0.017 0.024 0.024
Profits after tax with IVA and
CCAdj 9 0.062 0.070 0.074
Seasonally adjusted
2004
IV I II III
Price per unit of real gross value
added of nonfinancial corporate
business (1) 1.017 1.022 1.032 1.033
Compensation of employees (unit
labor cost) 0.665 0.668 0.672 0.672
Unit nonlabor cost 0.250 0.249 0.249 0.250
Consumption of fixed capital 0.121 0.118 0.118 0.125
Taxes on production and imports
less subsidies plus business
current transfer payments 0.099 0.100 0.100 0.095
Net interest and miscellaneous
payments 0.030 0.031 0.031 0.030
Corporate profits with IVA and
CCAdj (unit profits from current
production) 0.102 0.106 0.111 0.111
Taxes on corporate income 0.026 0.026 0.029 0.029
Profits after tax with IVA and
CCAdj 0.076 0.080 0.082 0.082
(1.) The implicit price deflator for gross value added of nonfinancial
corporate business divided by 100. Estimates for nonfinancial corporate
business for 2000 and earlier periods are based on the 1987 Standard
Industrial Classification (SIC); later estimates for these industries
are based on the North American Industry Classification System (NAICS).
NOTE. Effective with the estimates scheduled for release on December
22, 2004, chained-dollar gross value added of nonfinancial corporate
business far 1929 to 2004 will be revised. The current-dollar value
added will be deflated by a revised chain-type price index calculated
using the gross value added chain-type price index for nonfinancial
industries from the comprehensive revision of the GDP-by-industry
accounts.
IVA Inventory valuation adjustment
CCAdj Capital consumption adjustment
2. Personal Income and Outlays
Table 2.1. Personal Income and Its Disposition
[Billions of dollars]
Line 2002 2003
Personal income 1 8,878.9 9,161.8
Compensation of employees, received 2 6,069.5 6,289.0
Wage and salary disbursements 3 4,976.3 5,103.6
Private industries 4 4,113.7 4,205.6
Government 5 862.6 897.9
Supplements to wages and salaries 6 1,093.2 1,185.5
Employer contributions for
employee pension and insurance
funds 7 729.6 808.9
Employer contributions for
government social insurance 8 363.6 376.6
Proprietors' income with inventory
valuation and capital consumption
adjustments 9 769.6 834.1
Farm 10 9.7 21.8
Nonfarm 11 759.9 812.3
Rental income of persons with
capital consumption adjustment 12 170.9 153.8
Personal income receipts on assets 13 1,334.6 1,322.7
Personal interest income 14 946.7 929.9
Personal dividend income 15 387.9 392.8
Personal current transfer receipts 16 1,282.7 1,335.4
Government social benefits to
persons 17 1,248.9 1,306.4
Old-age, survivors, disability,
and health insurance benefits 18 708.3 733.8
Government unemployment
insurance benefits 19 53.2 52.8
Veterans benefits 20 29.9 32.3
Family assistance (1) 21 17.7 18.3
Other 22 440.0 469.2
Other current transfer receipts,
from business(net) 23 33.7 28.9
Less: Contributions for government
social insurance 24 748.3 773.2
Less: Personal current taxes 25 1,051.2 1,001.9
Equals: Disposable personal income 26 7,827.7 8,159.9
Less: Personal outlays 27 7,668.5 8,049.3
Personal consumption expenditures 28 7,376.1 7,760.9
Personal interest payments (2) 29 197.2 185.3
Personal current transfer payments 30 95.3 103.1
To government 31 59.5 64.9
To the rest of the world (net) 32 35.7 38.2
Equals: Personal saving 33 159.2 110.6
Personal saving as a percentage of
disposable personal income 34 2.0 1.4
Addenda:
Disposable personal income:
Total, billions of chained (2000)
dollars (3) 35 7,559.5 7,733.8
Per capita:
Current dollars 36 27,157 28,033
Chained (2000) dollars 37 26,227 26,569
Population (midperiod, thousands) 38 288,240 291,085
Percent change from preceding
period:
Disposable personal income,
current dollars 39 4.6 4.2
Disposable personal income,
chained (2000) dollars 40 3.1 2.3
Seasonally adjusted at annual
rates
2003 2004
III IV I
Personal income 9,209.3 9,330.0 9,445.0
Compensation of employees, received 6,324.7 6,406.7 6,487.9
Wage and salary disbursements 5,128.6 5,188.9 5,239.2
Private industries 4,227.5 4,283.9 4,321.8
Government 901.1 905.0 917.3
Supplements to wages and salaries 1,196.1 1,217.8 1,248.8
Employer contributions for
employee pension and insurance
funds 817.9 835.9 856.5
Employer contributions for
government social insurance 378.2 381.9 392.3
Proprietors' income with inventory
valuation and capital consumption
adjustments 852.0 864.7 872.1
Farm 24.8 24.7 17.9
Nonfarm 827.2 840.0 854.2
Rental income of persons with
capital consumption adjustment 148.8 167.1 172.8
Personal income receipts on assets 1,314.4 1,325.8 1,337.1
Personal interest income 922.8 932.0 936.2
Personal dividend income 391.6 393.8 400.9
Personal current transfer receipts 1,346.2 1,350.7 1,379.0
Government social benefits to
persons 1,317.4 1,322.0 1,349.6
Old-age, survivors, disability,
and health insurance benefits 736.6 744.9 762.1
Government unemployment
insurance benefits 54.3 51.6 41.4
Veterans benefits 32.5 32.4 33.6
Family assistance (1) 18.4 18.5 18.6
Other 475.5 474.6 494.0
Other current transfer receipts,
from business(net) 28.9 28.8 29.3
Less: Contributions for government
social insurance 776.7 785.0 803.9
Less: Personal current taxes 941.7 1,009.4 1,006.6
Equals: Disposable personal income 8,267.6 8,320.5 8,438.4
Less: Personal outlays 8,107.8 8,209.4 8,351.6
Personal consumption expenditures 7,822.5 7,914.9 8,060.2
Personal interest payments (2) 183.3 185.9 181.1
Personal current transfer payments 102.1 108.6 110.3
To government 65.6 67.0 68.6
To the rest of the world (net) 36.5 41.6 41.7
Equals: Personal saving 159.8 111.1 86.8
Personal saving as a percentage of
disposable personal income 1.9 1.3 1.0
Addenda:
Disposable personal income:
Total, billions of chained (2000)
dollars (3) 7,822.9 7,849.6 7,897.0
Per capita:
Current dollars 28,368 28,476 28,816
Chained (2000) dollars 26,842 26,865 26,967
Population (midperiod, thousands) 291,445 292,190 292,838
Percent change from preceding
period:
Disposable personal income,
current dollars 9.9 2.6 5.8
Disposable personal income,
chained (2000) dollars 8.2 1.4 2.4
Seasonally adjusted
at annual rates
2004
II III
Personal income 9,592.7 9,671.7
Compensation of employees, received 6,580.0 6,657.6
Wage and salary disbursements 5,312.8 5,375.5
Private industries 4,389.3 4,447.0
Government 923.5 928.5
Supplements to wages and salaries 1,267.2 1,282.1
Employer contributions for
employee pension and insurance
funds 870.4 881.3
Employer contributions for
government social insurance 396.8 400.8
Proprietors' income with inventory
valuation and capital consumption
adjustments 901.4 903.2
Farm 18.9 14.1
Nonfarm 882.5 889.1
Rental income of persons with
capital consumption adjustment 172.6 153.6
Personal income receipts on assets 1,352.3 1,366.4
Personal interest income 941.7 945.0
Personal dividend income 410.6 421.3
Personal current transfer receipts 1,400.4 1,414.0
Government social benefits to
persons 1,371.1 1,371.1
Old-age, survivors, disability,
and health insurance benefits 774.0 782.4
Government unemployment
insurance benefits 33.5 32.4
Veterans benefits 33.6 33.8
Family assistance (1) 18.6 18.7
Other 511.4 503.8
Other current transfer receipts,
from business(net) 29.3 42.9
Less: Contributions for government
social insurance 814.0 823.1
Less: Personal current taxes 1,030.6 1,044.3
Equals: Disposable personal income 8,562.1 8,627.4
Less: Personal outlays 8,448.7 8,582.4
Personal consumption expenditures 8,153.8 8,278.3
Personal interest payments (2) 182.6 189.8
Personal current transfer payments 112.2 114.3
To government 70.2 71.8
To the rest of the world (net) 42.1 42.5
Equals: Personal saving 113.4 45.0
Personal saving as a percentage of
disposable personal income 1.3 0.5
Addenda:
Disposable personal income:
Total, billions of chained (2000)
dollars (3) 7,951.5 7,990.1
Per capita:
Current dollars 29,172 29,319
Chained (2000) dollars 27,092 27,153
Population (midperiod, thousands) 293,504 294,262
Percent change from preceding
period:
Disposable personal income,
current dollars 6.0 3.1
Disposable personal income,
chained (2000) dollars 2.8 2.0
(1.) Consists of aid to families with dependent children and, beginning
with 1996, assistance programs operating under the Personal
Responsibility and Work Opportunity Reconciliation Act of 1996.
(2.) Consists of nonmortgage interest paid by households.
(3.) Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
Table 2.2B. Wage and Salary Disbursements by Industry
[Billions of dollars]
Line 2002 2003
Wage and salary disbursements 1 4,976.3 5,103.6
Private industries 2 4,113.7 4,205.6
Goods-producing industries 3 1,010.2 1,007.7
Manufacturing 4 675.2 668.8
Services-producing industries 5 3,103.5 3,198.0
Trade, transportation, and
utilities 6 843.6 858.6
Other services-producing
industries (1) 7 2,259.9 2,339.4
Government 8 862.6 897.9
Seasonally adjusted at annual
rates
2003 2004
III IV I
Wage and salary disbursements 5,128.6 5,188.9 5,239.2
Private industries 4,227.5 4,283.9 4,321.8
Goods-producing industries 1,005.8 1,025.6 1,019.0
Manufacturing 665.9 680.1 669.9
Services-producing industries 3,221.6 3,258.3 3,302.9
Trade, transportation, and
utilities 860.7 872.0 872.4
Other services-producing
industries (1) 2,360.9 2,386.4 2,430.5
Government 901.1 905.0 917.3
Seasonally adjusted
at annual rates
2004
II III
Wage and salary disbursements 5,312.8 5,375.5
Private industries 4,389.3 4,447.0
Goods-producing industries 1,034.9 1,046.2
Manufacturing 680.5 687.9
Services-producing industries 3,354.4 3,400.8
Trade, transportation, and
utilities 886.2 898.9
Other services-producing
industries (1) 2,468.3 2,501.8
Government 923.5 928.5
(1.) Other services-producing industries consists of information;
finance and insurance; real estate and rental and leasing;
professional, scientific, and technical services; management of
companies and enterprises, administrative and support and waste
management and remediation services; educational services; health care
and social assistance; arts, entertainment, and recreation;
accommodation and food services; and other services.
NOTE. Estimates in this table are based on the 1997 North American
Industry Classification System (NAICS).
Table 2.3.1. Percent Change From Preceding Period in Real Personal
Consumption Expenditures by Major Type of Product
[Percent]
Sea-
son-
ally
ad-
jus-
ted
at
an-
nual
rates
Line 2002 2003 2003
III
Personal consumption
expenditures 1 3.1 3.3 5.0
Durable goods 2 6.5 7.4 16.5
Motor vehicles and parts 3 5.6 5.5 13.3
Furniture and household
equipment 4 8.7 9.1 22.3
Other 5 4.7 9.1 14.1
Nondurable goods 6 2.6 3.7 6.9
Food 7 1.9 3.8 5.9
Clothing and shoes 8 4.3 4.3 9.9
Gasoline, fuel oil, and other
energy goods 9 1.4 0.7 5.3
Gasoline and oil 10 1.4 0.7 3.0
Fuel oil and coal 11 1.4 0.3 36.4
Other 12 3.1 4.1 7.6
Services 13 2.6 2.2 1.9
Housing 14 2.7 1.3 1.4
Household operation 15 0.8 1.5 2.0
Electricity and gas 16 2.7 1.7 0.4
Other household operation 17 -0.3 1.4 3.0
Transportation 18 -2.8 -0.8 -0.8
Medical care 19 6.0 4.0 3.3
Recreation 20 2.4 3.1 2.3
Other 21 1.1 2.0 1.5
Addenda:
Energy goods and services (1) 22 2.0 1.1 3.0
Personal consumption
expenditures excluding food
and energy 23 3.3 3.3 5.0
Seasonally adjusted at annual
rates
2004
IV I II III
Personal consumption
expenditures 3.6 4.1 1.6 5.1
Durable goods 3.9 2.2 -0.3 17.2
Motor vehicles and parts -1.8 -5.8 -6.0 28.6
Furniture and household
equipment 9.8 11.1 7.4 11.6
Other 7.4 6.2 -0.2 3.8
Nondurable goods 5.1 6.7 0.1 4.8
Food 2.6 8.1 2.3 4.2
Clothing and shoes 3.9 16.3 -5.3 6.1
Gasoline, fuel oil, and other
energy goods 19.1 -2.3 -13.2 3.5
Gasoline and oil 17.3 -0.8 -14.2 2.7
Fuel oil and coal 41.4 -16.5 -1.5 12.0
Other 5.8 3.1 4.5 5.6
Services 2.8 3.3 2.7 2.9
Housing 0.8 2.1 2.0 2.4
Household operation 7.5 3.2 -0.9 0.0
Electricity and gas 17.5 3.5 -8.0 -3.0
Other household operation 1.6 3.1 4.0 2.0
Transportation -0.5 2.0 2.9 1.5
Medical care 3.1 3.2 4.4 5.0
Recreation 4.0 5.9 0.3 2.8
Other 3.2 4.4 3.3 2.5
Addenda:
Energy goods and services (1) 18.4 0.2 -11.1 0.7
Personal consumption
expenditures excluding food
and energy 2.9 3.7 2.3 5.5
(1.) Consists of gasoline, fuel oil, and other energy goods and of
electricity and gas.
Table 2.3.2. Contributions to Percent Change in Real Personal
Consumption Expenditures by Major Type of Product
Sea-
son-
ally
ad-
jus-
ted
at
an-
nual
rates
Line 2002 2003 2003
III
Percent change at annual rate:
Personal consumption
expenditures 1 3.1 3.3 5.0
Percentage points at annual
rates:
Durable goods 2 0.80 0.90 1.94
Motor vehicles and parts 3 0.32 0.31 0.74
Furniture and household
equipment 4 0.37 0.38 0.88
Other 5 0.11 0.21 0.32
Nondurable goods 6 0.73 1.04 1.93
Food 7 0.27 0.52 0.80
Clothing and shoes 8 0.18 0.17 0.39
Gasoline, fuel oil, and other
energy goods 9 0.04 0.02 0.14
Gasoline and oil 10 0.03 0.02 0.07
Fuel oil and coal 11 0.00 0.00 0.07
Other 12 0.25 0.33 0.61
Services 13 1.55 1.32 1.16
Housing 14 0.42 0.21 0.22
Household operation 15 0.05 0.09 0.11
Electricity and gas 16 0.06 0.04 0.01
Other household operation 17 -0.01 0.05 0.10
Transportation 18 -0.12 -0.03 -0.03
Medical care 19 0.95 0.65 0.56
Recreation 20 0.10 0.13 0.10
Other 21 0.16 0.28 0.21
Addenda:
Energy goods and services (1) 22 0.09 0.05 0.15
Personal consumption
expenditures excluding food
and energy 23 2.72 2.68 4.09
Seasonally adjusted at annual
rates
2004
IV I II III
Percent change at annual rate:
Personal consumption
expenditures 3.6 4.1 1.6 5.1
Percentage points at annual
rates:
Durable goods 0.48 0.27 -0.03 1.96
Motor vehicles and parts -0.10 -0.33 -0.34 1.40
Furniture and household
equipment 0.41 0.45 0.31 0.48
Other 0.17 0.15 -0.01 0.09
Nondurable goods 1.45 1.90 0.04 1.38
Food 0.36 1.10 0.32 0.59
Clothing and shoes 0.16 0.62 -0.22 0.24
Gasoline, fuel oil, and other
energy goods 0.47 -0.06 -0.42 0.10
Gasoline and oil 0.40 -0.02 -0.41 0.08
Fuel oil and coal 0.08 -0.04 0.00 0.03
Other 0.46 0.25 0.35 0.44
Services 1.64 1.98 1.56 1.74
Housing 0.13 0.33 0.30 0.37
Household operation 0.41 0.18 -0.05 0.00
Electricity and gas 0.35 0.08 -0.18 -0.06
Other household operation 0.05 0.10 0.13 0.07
Transportation -0.02 0.07 0.11 0.05
Medical care 0.52 0.55 0.74 0.84
Recreation 0.16 0.24 0.01 0.12
Other 0.44 0.61 0.45 0.36
Addenda:
Energy goods and services (1) 0.83 0.01 -0.60 0.04
Personal consumption
expenditures excluding food
and energy 2.38 3.03 1.84 4.45
(1.) Consists of gasoline, fuel oil, and other energy goods and of
electricity and gas.
Table 2.3.3. Real Personal Consumption Expenditures by Major
Type of Product, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Personal consumption
expenditures 1 105.698 109.143
Durable goods 2 111.150 119.378
Motor vehicles and parts 3 110.907 116.971
Furniture and household
equipment 4 115.286 125.771
Other 5 104.271 113.772
Nondurable goods 6 104.630 108.481
Food 7 103.592 107.556
Clothing and shoes 8 106.377 110.914
Gasoline, fuel oil, and other
energy goods 9 102.384 103.062
Gasoline and oil 10 102.871 103.587
Fuel oil and coal 11 97.123 97.397
Other 12 106.279 110.646
Services 13 105.085 107.418
Housing 14 105.517 106.915
Household operation 15 101.034 102.597
Electricity and gas 16 100.988 102.729
Other household operation 17 101.043 102.496
Transportation 18 96.092 95.346
Medical care 19 110.952 115.340
Recreation 20 104.945 108.225
Other 21 102.665 104.731
Addenda:
Energy goods and services (1) 22 101.788 102.952
Personal consumption
expenditures excluding food
and energy 23 106.294 109.787
Seasonally adjusted
2003 2004
III IV I
Personal consumption
expenditures 109.828 110.794 111.925
Durable goods 122.733 123.902 124.572
Motor vehicles and parts 120.467 119.929 118.149
Furniture and household
equipment 129.441 132.505 136.028
Other 116.251 118.345 120.152
Nondurable goods 109.145 110.517 112.331
Food 108.330 109.018 111.160
Clothing and shoes 112.505 113.595 117.960
Gasoline, fuel oil, and other
energy goods 101.607 106.147 105.544
Gasoline and oil 101.968 106.110 105.886
Fuel oil and coal 97.679 106.512 101.828
Other 111.407 112.986 113.848
Services 107.613 108.346 109.237
Housing 107.115 107.334 107.906
Household operation 102.205 104.080 104.914
Electricity and gas 100.949 105.112 106.021
Other household operation 102.978 103.394 104.181
Transportation 95.133 95.009 95.470
Medical care 115.826 116.703 117.632
Recreation 108.563 109.631 111.211
Other 104.920 105.751 106.899
Addenda:
Energy goods and services (1) 101.343 105.714 105.779
Personal consumption
expenditures excluding food
and energy 110.601 111.398 112.422
Seasonally adjusted
2004
II III
Personal consumption
expenditures 112.360 113.761
Durable goods 124.482 129.526
Motor vehicles and parts 116.320 123.859
Furniture and household
equipment 138.480 142.317
Other 120.082 121.204
Nondurable goods 112.367 113.684
Food 111.793 112.952
Clothing and shoes 116.374 118.119
Gasoline, fuel oil, and other
energy goods 101.862 102.733
Gasoline and oil 101.915 102.606
Fuel oil and coal 101.439 104.355
Other 115.111 116.683
Services 109.955 110.746
Housing 108.445 109.088
Household operation 104.677 104.685
Electricity and gas 103.820 103.039
Other household operation 105.205 105.728
Transportation 96.160 96.510
Medical care 118.915 120.367
Recreation 111.286 112.054
Other 107.768 108.447
Addenda:
Energy goods and services (1) 102.722 102.907
Personal consumption
expenditures excluding food
and energy 113.060 114.587
(1.) Consists of gasoline, fuel oil, and other energy goods and of
electricity and gas.
Table 2.3.4. Price Indexes for Personal Consumption Expenditures by
Major Type of Product
[Index numbers, 2000=100]
Line 2002 2003
Personal consumption
expenditures 1 103.548 105.511
Durable goods 2 95.475 92.244
Motor vehicles and parts 3 99.409 97.340
Furniture and household
equipment 4 88.684 83.345
Other 5 99.536 97.924
Nondurable goods 6 102.097 104.154
Food 7 104.949 106.979
Clothing and shoes 8 95.396 93.045
Gasoline, fuel oil, and other
energy goods 9 90.523 105.517
Gasoline and oil 10 90.405 105.154
Fuel oil and coal 11 91.771 109.634
Other 12 105.011 105.175
Services 13 106.083 109.237
Housing 14 107.797 110.437
Household operation 15 103.761 107.766
Electricity and gas 16 105.438 113.651
Other household operation 17 102.805 104.367
Transportation 18 102.900 105.880
Medical care 19 106.232 109.858
Recreation 20 106.403 109.248
Other 21 105.876 108.826
Addenda:
Energy goods and services (1) 22 96.855 108.958
Personal consumption
expenditures excluding food
and energy 23 103.707 105.072
Seasonally adjusted
2003 2004
III IV I
Personal consumption
expenditures 105.689 106.005 106.860
Durable goods 91.757 90.747 90.741
Motor vehicles and parts 97.159 95.768 95.966
Furniture and household
equipment 82.201 81.451 80.963
Other 98.086 97.447 97.999
Nondurable goods 104.423 104.564 105.914
Food 107.227 108.265 108.950
Clothing and shoes 92.851 92.976 92.533
Gasoline, fuel oil, and other
energy goods 106.709 103.679 113.693
Gasoline and oil 106.587 103.317 113.541
Fuel oil and coal 107.982 107.675 115.313
Other 105.459 105.166 105.752
Services 109.529 110.266 111.085
Housing 110.704 111.344 111.912
Household operation 108.285 107.886 108.879
Electricity and gas 115.240 113.642 115.595
Other household operation 104.267 104.566 104.993
Transportation 106.514 107.140 107.109
Medical care 110.336 111.335 112.340
Recreation 109.549 109.958 110.875
Other 108.736 109.852 110.851
Addenda:
Energy goods and services (1) 110.320 107.898 114.463
Personal consumption
expenditures excluding food
and energy 105.174 105.527 106.081
Seasonally adjusted
2004
II III
Personal consumption
expenditures 107.683 107.980
Durable goods 90.725 90.008
Motor vehicles and parts 96.166 95.697
Furniture and household
equipment 80.367 79.367
Other 98.760 98.099
Nondurable goods 107.616 107.868
Food 109.989 110.687
Clothing and shoes 93.191 92.502
Gasoline, fuel oil, and other
energy goods 124.711 125.025
Gasoline and oil 125.424 124.724
Fuel oil and coal 116.528 128.006
Other 106.136 106.151
Services 111.667 112.243
Housing 112.941 113.608
Household operation 109.598 110.701
Electricity and gas 117.118 119.483
Other household operation 105.243 105.627
Transportation 107.281 107.578
Medical care 112.955 113.668
Recreation 111.559 112.264
Other 110.944 111.089
Addenda:
Energy goods and services (1) 121.386 122.583
Personal consumption
expenditures excluding food
and energy 106.523 106.704
(1.) Consists of gasoline, fuel oil, and other energy goods and of
electricity and gas.
Table 2.3.5. Personal Consumption Expenditures by Major
Type of Product
[Billions of dollars]
Line 2002 2003
Personal consumption
expenditures 1 7,376.1 7,760.9
Durable goods 2 916.2 950.7
Motor vehicles and parts 3 426.1 440.1
Furniture and household
equipment 4 319.9 328.0
Other 5 170.1 182.6
Nondurable goods 6 2,080.1 2,200.1
Food 7 1,005.8 1,064.5
Clothing and shoes 8 302.1 307.2
Gasoline, fuel oil, and other
energy goods 9 177.5 208.2
Gasoline and oil 10 163.4 191.3
Fuel oil and coal 11 14.1 16.9
Other 12 594.7 620.1
Services 13 4,379.8 4,610.1
Housing 14 1,144.8 1,188.4
Household operation 15 409.0 431.3
Electricity and gas 16 152.6 167.3
Other household operation 17 256.4 264.0
Transportation 18 288.0 294.0
Medical care 19 1,210.3 1,301.1
Recreation 20 299.6 317.2
Other 21 1,028.2 1,078.1
Addenda:
Energy goods and services (1) 22 330.1 375.5
Personal consumption
expenditures excluding food
and energy 23 6,040.2 6,320.8
Seasonally adjusted at
annual rates
2003 2004
III IV I
Personal consumption
expenditures 7,822.5 7,914.9 8,060.2
Durable goods 972.7 971.1 976.3
Motor vehicles and parts 452.5 444.1 438.4
Furniture and household
equipment 333.3 338.0 345.0
Other 186.9 189.0 193.0
Nondurable goods 2,219.2 2,250.1 2,316.6
Food 1,074.6 1,091.8 1,120.3
Clothing and shoes 311.0 314.4 325.0
Gasoline, fuel oil, and other
energy goods 207.6 210.7 229.7
Gasoline and oil 190.9 192.5 211.1
Fuel oil and coal 16.7 18.2 18.6
Other 626.0 633.1 641.5
Services 4,630.6 4,693.6 4,767.3
Housing 1,193.4 1,202.8 1,215.4
Household operation 431.8 438.1 445.6
Electricity and gas 166.7 171.2 175.7
Other household operation 265.0 266.8 270.0
Transportation 295.1 296.5 297.8
Medical care 1,312.1 1,334.0 1,356.8
Recreation 319.0 323.4 330.8
Other 1,079.1 1,098.8 1,120.9
Addenda:
Energy goods and services (1) 374.3 381.9 405.4
Personal consumption
expenditures excluding food
and energy 6,373.6 6,441.1 6,534.5
Seasonally adjusted
at annual rates
2004
II III
Personal consumption
expenditures 8,153.8 8,278.3
Durable goods 975.5 1,007.0
Motor vehicles and parts 432.5 458.3
Furniture and household
equipment 348.6 353.8
Other 194.4 194.9
Nondurable goods 2,354.6 2,387.7
Food 1,137.5 1,156.6
Clothing and shoes 322.9 325.3
Gasoline, fuel oil, and other
energy goods 243.2 245.9
Gasoline and oil 224.5 224.7
Fuel oil and coal 18.7 21.2
Other 651.0 660.0
Services 4,823.8 4,883.6
Housing 1,232.7 1,247.3
Household operation 447.6 452.1
Electricity and gas 1,743.0 75.5
Other household operation 275.6
Transportation 300.5 302.4
Medical care 1,379.1 1,404.8
Recreation 333.0 337.5
Other 1,130.9 1,139.5
Addenda:
Energy goods and services (1) 417.5 422.4
Personal consumption
expenditures excluding food
and energy 6,598.9 6,699.4
(1.) Consists of gasoline, fuel oil, and other energy goods and of
electricity and gas.
Table 2.3.6. Real Personal Consumption Expenditures by Major
Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Personal consumption
expenditures 1 7,123.4 7,355.6
Durable goods 2 959.6 1,030.6
Motor vehicles and parts 3 428.7 452.1
Furniture and household
equipment 4 360.7 393.5
Other 5 170.9 186.5
Nondurable goods 6 2,037.4 2,112.4
Food 7 958.4 995.1
Clothing and shoes 8 316.7 330.2
Gasoline, fuel oil, and other
energy goods 9 196.0 197.3
Gasoline and oil 10 180.7 182.0
Fuel oil and coal 11 15.4 15.4
Other 12 566.3 589.6
Services 13 4,128.6 4,220.3
Housing 14 1,062.0 1,076.1
Household operation 15 394.1 400.2
Electricity and gas 16 144.7 147.2
Other household operation 17 249.4 253.0
Transportation 18 279.9 277.7
Medical care 19 1,139.3 1,184.3
Recreation 20 281.5 290.3
Other 21 971.1 990.7
Residual 22 -2.3 -8.1
Addenda:
Energy goods and services (1) 23 340.8 344.7
Personal consumption
expenditures excluding food
and energy 24 5,824.3 6,015.7
Seasonally adjusted at
annual rates
2003 2004
III IV I
Personal consumption
expenditures 7,401.7 7,466.8 7,543.0
Durable goods 1,059.6 1,069.7 1,075.5
Motor vehicles and parts 465.6 463.5 456.7
Furniture and household
equipment 405.0 414.6 425.6
Other 190.5 194.0 196.9
Nondurable goods 2,125.3 2,152.0 2,187.3
Food 1,002.2 1,008.6 1,028.4
Clothing and shoes 334.9 338.2 351.2
Gasoline, fuel oil, and other
energy goods 194.6 203.3 202.1
Gasoline and oil 179.1 186.4 186.0
Fuel oil and coal 15.5 16.9 16.1
Other 593.6 602.1 606.6
Services 4,227.9 4,256.7 4,291.7
Housing 1,078.1 1,080.3 1,086.0
Household operation 398.7 406.0 409.3
Electricity and gas 144.7 150.6 151.9
Other household operation 254.2 255.2 257.1
Transportation 277.1 276.7 278.1
Medical care 1,189.3 1,198.3 1,207.9
Recreation 291.2 294.1 298.3
Other 992.5 1,000.3 1,011.2
Residual -11.8 -13.0 -15.0
Addenda:
Energy goods and services (1) 339.3 353.9 354.1
Personal consumption
expenditures excluding food
and energy 6,060.3 6,104.0 6,160.1
Seasonally adjusted
at annual rates
2004
II III
Personal consumption
expenditures 7,572.4 7,666.8
Durable goods 1,074.7 1,118.2
Motor vehicles and parts 449.6 478.7
Furniture and household
equipment 433.3 445.3
Other 196.8 198.7
Nondurable goods 2,188.0 2,213.7
Food 1,034.3 1,045.0
Clothing and shoes 346.5 351.7
Gasoline, fuel oil, and other
energy goods 195.0 196.7
Gasoline and oil 179.0 180.2
Fuel oil and coal 16.1 16.5
Other 613.4 621.8
Services 4,320.0 4,351.0
Housing 1,091.5 1,097.4
Household operation 408.4 408.0
Electricity and gas 148.8 147.7
Other household operation 259.7 260.9
Transportation 280.1 281.1
Medical care 1221 1,235.9
Recreation 298.5 300.6
Other 1,019.4 1,025.8
Residual -15.6 -21.0
Addenda:
Energy goods and services (1) 343.9 344.5
Personal consumption
expenditures excluding food
and energy 6,195.0 6,278.7
(1.) Consists of gasoline, fuel oil, and other energy goods and of
electricity and gas.
NOTE. Chained (2000) dollar series are calculated as the product of
the chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of
the most detailed lines.
3. Government Current Receipts and Expenditures
Table 3.1. Government Current Receipts and Expenditures
[Billions of dollars]
Line 2002 2003
Current receipts 1 2,954.7 3,032.0
Current tax receipts 2 1,995.5 2,033.8
Personal current taxes 3 1,051.2 1,001.9
Taxes on production and imports 4 762.6 798.1
Taxes on corporate income 5 174.6 225.8
Taxes from the rest of the world 6 7.1 8.1
Contributions for government social
insurance 7 748.3 773.2
Income receipts on assets 8 101.9 104.0
Interest and miscellaneous receipts 9 99.8 101.4
Dividends 10 2.1 2.5
Current transfer receipts 11 106.3 111.5
From business (net) 12 46.7 46.6
From persons 13 59.5 64.9
Current surplus of government
enterprises 14 2.8 9.5
Current expenditures 15 3,234.3 3,399.7
Consumption expenditures 16 1,609.2 1,717.1
Current transfer payments 17 1,270.5 1,332.9
Government social benefits 18 1,251.6 1,309.3
To persons 19 1,248.9 1,306.4
To the rest of the world 20 2.7 2.8
Other current transfer payments to
the rest of the world (net) 22 316.4 303.0
Interest payment
To persons and business 23 240.3 231.0
To the rest of the world 24 76.1 72.0
Subsidies 25 38.2 46.7
Less: Wage accruals less disbursements 26 0.0 0.0
Net government saving 27 -279.5 -367.8
Social insurance funds 28 49.2 46.6
Other 29 -328.8 414.4
Addenda:
Total receipts 30 2,987.4 3,060.4
Current receipts 31 2,954.7 3,032.0
Capital transfer receipts 32 32.7 28.4
Total expenditures 33 3,384.4 3,566.7
Current expenditures 34 3,234.3 3,399.7
Gross government investment 35 347.4 358.5
Capital transfer payments 36 3.9 16.8
Net purchases of nonproduced
assets 37 10.0 9.7
Less: Consumption of fixed capital 38 211.2 218.1
Net lending or net borrowing (-) 39 -397.0 -506.3
Seasonally adjusted at
annual rates
2003 2003
III IV I
Current receipts 2,984.8 3,089.2 3,120.0
Current tax receipts 1,981.2 2,073.7 2,084.9
Personal current taxes 941.7 1,009.4 1,006.6
Taxes on production and imports 802.0 813.9 823.3
Taxes on corporate income 229.7 242.5 246.4
Taxes from the rest of the world 7.8 7.9 8.6
Contributions for government social
insurance 776.7 785.0 803.9
Income receipts on assets 104.9 107.2 105.1
Interest and miscellaneous receipts 102.3 104.5 102.5
Dividends 2.5 2.7 2.6
Current transfer receipts 112.7 114.6 118.0
From business (net) 47.2 47.5 49.4
From persons 65.6 67.0 68.6
Current surplus of government
enterprises 9.3 8.7 8.1
Current expenditures 3,411.3 3,433.0 3,499.2
Consumption expenditures 1,724.0 1,737.6 1,770.9
Current transfer payments 1,343.8 1,345.7 1,386.3
Government social benefits 1,320.2 1,324.9 1,352.5
To persons 1,317.4 1,322.0 1,349.6
To the rest of the world 2.8 2.9 2.9
Other current transfer payments to
the rest of the world (net) 20.8 33.7
Interest payment 299.0 305.3 303.1
To persons and business 227.1 232.0 226.4
To the rest of the world 71.9 73.3 76.6
Subsidies 44.5 44.4 40.4
Less: Wage accruals less disbursements 0.0 0.0 1.5
Net government saving -426.5 -343.9 -379.2
Social insurance funds 45.6 48.4 60.5
Other -472.1 -392.3 -439.7
Addenda:
Total receipts 3,013.1 3,118.2 3,150.1
Current receipts 3.0 3,089.2 3,120.0
Capital transfer receipts 28.3 29.0 30.1
Total expenditures 3,584.5 3,601.1 3,671.5
Current expenditures 3,411.3 3,433.0 3,499.2
Gross government investment 362.4 362.4 368.6
Capital transfer payments 16.4 16.7 16.3
Net purchases of nonproduced
assets 13.4 9.3 10.0
Less: Consumption of fixed capital 219.1 220.4 222.6
Net lending or net borrowing (-) -571.4 -483.0 -521.4
Seasonally adjusted
at annual rates
2004
II III
Current receipts 3,181.1 3,198.8
Current tax receipts 2,134.6 2,147.3
Personal current taxes 1,030.6 1,044.3
Taxes on production and imports 835.7 844.1
Taxes on corporate income 260.0 250.6
Taxes from the rest of the world 8.3 8.3
Contributions for government social
insurance 814.0 823.1
Income receipts on assets 104.8 106.1
Interest and miscellaneous receipts 102.2 103.4
Dividends 2.6 2.7
Current transfer receipts 120.3 115.8
From business (net) 50.1 44.0
From persons 70.2 71.8
Current surplus of government
enterprises 7.4 6.5
Current expenditures 3,542.8 3,566.5
Consumption expenditures 1,792.1 1,817.9
Current transfer payments 1,397.0 1,395.8
Government social benefits 1,374.1 1,374.0
To persons 1,371.1 1,371.1
To the rest of the world 2.9 2.9
Other current transfer payments to
the rest of the world (net) 23.0 21.8
Interest payment 312.8 313.1
To persons and business 230.4 226.0
To the rest of the world 82.4 87.0
Subsidies 39.4 39.7
Less: Wage accruals less disbursements -1.5 0.0
Net government saving -361.7 -367.7
Social insurance funds 67.2 69.7
Other -429.0 -437.4
Addenda:
Total receipts 3,209.8 3,230.5
Current receipts 3,181.1 3,198.8
Capital transfer receipts 28.7 31.7
Total expenditures 3,723.5 3,744.6
Current expenditures 3,542.8 3,566.5
Gross government investment 382.2 381.1
Capital transfer payments 16.3 16.3
Net purchases of nonproduced
assets 9.3 11.9
Less: Consumption of fixed capital 227.0 231.2
Net lending or net borrowing (-) -513.7 -514.0
Table 3.2. Federal Government Current Receipts and Expenditures
[Billions of dollars]
Line 2002 2003
Current receipts 1 1,847.3 1,877.0
Current tax receipts 2 1,069.0 1,064.5
Personal current taxes 3 831.2 775.8
Taxes on production and imports 4 87.3 89.4
Excise taxes 5 67.4 67.9
Customs duties 6 19.9 21.4
Taxes on corporate income 7 143.4 191.4
Federal Reserve banks 8 24.5 22.0
Other 9 118.9 169.3
Taxes from the rest of the world 10 7.1 8.1
Contributions for government social
insurance 11 733.8 758.2
Income receipts on assets 12 20.3 23.0
Interest receipts 13 15.5 16.5
Rents and royalties 14 4.9 6.5
Current transfer receipts 15 24.8
From business 14.0 25.4
From persons 17 10.8 11.1
Current surplus of government
enterprises 18 -0.6 5.8
Current expenditures 19 2,101.8 2,241.6
Consumption expenditures 20 592.7 658.6
Current transfer payments 21 1,243.0 1,322.5
Government social benefits 22 919.7 958.9
To persons 23 917.0 956.1
To the rest of the world 24 2.7 2.8
Other current transfer payments 25 323.2 363.6
Grants-in-aid to state and local
governments 26 304.4 339.9
To rest of the world (net) 27 18.8 23.7
Interest payments 28 229.0 214.1
To persons and business 29 152.9 142.1
To the rest of the world 30 76.1 72.0
Subsidies 31 37.2 46.4
Less: Wage accruals less
disbursements 32 0.0 0.0
Net Federal Government
saving 33 -254.5 -364.5
Social insurance funds 34 47.7 45.5
Other 35 -302.1 -410.0
Addenda:
Total receipts 36 1,872.6 1,899.0
Current receipts 37 1,847.3 1,877.0
Capital transfer receipts 38 25.3 22.0
Total expenditures 39 2,149.4 2,306.6
Current expenditures 40 2,101.8 2,241.6
Gross government investment 41 88.1 93.6
Capital transfer payments 42 48.3 61.9
Net purchases of nonproduced
assets 43 0.2 -0.2
Less: Consumption of fixed
capital 44 89.0 90.2
Net lending or net borrowing (-) 45 -276.8 -407.6
Seasonally adjusted at
annual rates
2003 2004
III IV I
Current receipts 1,816.4 1,900.6 1,915.3
Current tax receipts 999.3 1,074.9 1,073.9
Personal current taxes 709.2 772.5 768.3
Taxes on production and imports 88.0 89.6 89.0
Excise taxes 66.7 68.1 66.5
Customs duties 21.2 21.5 22.6
Taxes on corporate income 194.3 204.9 207.9
Federal Reserve banks 21.2 20.1 20.9
Other 173.1 184.8 187.0
Taxes from the rest of the world 7.8 7.9 8.6
Contributions for government social
insurance 761.6 769.5 787.9
Income receipts on assets 24.3 25.5 22.9
Interest receipts 17.0 17.9 16.0
Rents and royalties 7.3 7.6 6.9
Current transfer receipts 25.8 25.6 26.1
From business 14.7 14.4 14.7
From persons 11.1 11.2 11.3
Current surplus of government
enterprises 5.5 5.0 4.6
Current expenditures 2,249.4 2,279.8 2,306.3
Consumption expenditures 663.0 671.3 691.1
Current transfer payments 1,331.1 1,350.6 1,365.9
Government social benefits 964.5 972.5 986.2
To persons 961.7 969.6 983.3
To the rest of the world 2.8 2.9 2.9
Other current transfer payments 366.6 378.0 379.7
Grants-in-aid to state and local
governments 343.0 357.2 346.0
To rest of the world (net) 23.6 20.8 33.7
Interest payments 210.1 214.7 211.1
To persons and business 138.2 141.4 134.5
To the rest of the world 71.9 73.3 76.6
Subsidies 45.3 43.2 39.7
Less: Wage accruals less
disbursements 0.0 0.0 1.5
Net Federal Government
saving -433.0 -379.2 -391.0
Social insurance funds 44.4 47.2 59.2
Other -477.4 -426.4 -450.2
Addenda:
Total receipts 1,838.4 1,923.5 1,939.5
Current receipts 1,816.4 1,900.6 1,915.3
Capital transfer receipts 22.0 22.9 24.2
Total expenditures 2,322.3 2,346.0 2,376.9
Current expenditures 2,249.4 2,279.8 2,306.3
Gross government investment 93.7 96.2 102.2
Capital transfer payments 66.3 61.5 60.0
Net purchases of nonproduced
assets 3.4 -0.7 0.0
Less: Consumption of fixed
capital 90.5 90.7 91.6
Net lending or net borrowing (-) -483.9 -422.6 -437.4
Seasonally adjusted
at annual rates
2004
II III
Current receipts 1,949.1 1,963.9
Current tax receipts 1,098.5 1,103.9
Personal current taxes 781.5 794.4
Taxes on production and imports 89.3 89.5
Excise taxes 66.2 66.4
Customs duties 23.1 23.1
Taxes on corporate income 219.5 211.7
Federal Reserve banks 20.8 21.8
Other 198.7 189.9
Taxes from the rest of the world 8.3 8.3
Contributions for government social
insurance 797.6 806.3
Income receipts on assets 22.2 22.8
Interest receipts 15.8 16.5
Rents and royalties 6.5 6.3
Current transfer receipts 26.2 26.6
From business 14.8 15.1
From persons 11.4 11.5
Current surplus of government
enterprises 4.5 4.4
Current expenditures 2,329.1 2,340.1
Consumption expenditures 700.3 713.0
Current transfer payments 1,367.9 1,368.0
Government social benefits 993.0 1,004.2
To persons 990.1 1,001.2
To the rest of the world 2.9 2.9
Other current transfer payments 374.9 363.9
Grants-in-aid to state and local
governments 351.9 342.1
To rest of the world (net) 23.0 21.8
Interest payments 220.7 220.0
To persons and business 138.3 133.0
To the rest of the world 82.4 87.0
Subsidies 38.7 39.0
Less: Wage accruals less
disbursements -1.5 0.0
Net Federal Government
saving -380.0 -376.2
Social insurance funds 65.9 68.2
Other -445.9 -444.4
Addenda:
Total receipts 1,972.0 1,990.0
Current receipts 1,949.1 1,963.9
Capital transfer receipts 23.0 26.1
Total expenditures 2,397.2 2,419.2
Current expenditures 2,329.1 2,340.1
Gross government investment 104.1 103.9
Capital transfer payments 57.5 66.9
Net purchases of nonproduced
assets -0.8 1.8
Less: Consumption of fixed
capital 92.8 93.4
Net lending or net borrowing (-) -425.1 -429.2
Table 3.3. State and Local Government Current Receipts and Expenditures
[Billions of dollars]
Line 2002 2003
Current receipts 1 1,411.9 1,494.9
Current tax receipts 2 926.5 969.2
Personal current taxes 3 220.1 226.1
Income taxes 4 199.6 204.6
Other 5 20.5 21.6
Taxes on production and imports 6 675.3 708.7
Sales taxes 7 329.1 343.9
Property taxes 8 291.5 305.0
Other 9 54.7 59.7
Taxes on corporate income 10 31.2 34.4
Contributions for government social
insurance 11 14.5 15.0
Income receipts on assets 12 81.6 81.0
Interest receipts 13 73.2 71.3
Dividends 14 2.1 2.5
Rents and royalties 15 6.2 7.1
Current transfer receipts 16 385.9 425.9
Federal grants-in-aid 17 304.4 339.9
From business (net) 18 32.8 32.2
From persons 19 48.7 53.8
Current surplus surplus of government
enterprises 20 3.3 1,498.1
Current expenditures 21 1,436.9
Consumption expenditures 22 1,016.0 1,058.5
Government social benefit payments
to persons 23 331.9 350.3
Interest payments 24 87.4 88.9
Subsidies 25 1.0 0.3
Less: Wage accruals less
disbursements 26 0.0 0.0
Net state and local
government saving 27 -25.0 -3.2
Social insurance funds 28 1.6 1.1
Other 29 -26.6 -4.3
Addenda:
Total receipts 30 1,463.7 1,546.4
Current receipts 31 1,411.9 1,494.9
Capital transfer receipts 32 51.8 51.5
Total expenditures 33 1,583.9 1,645.0
Current expenditures 34 1,436.9 1,498.1
Gross government investment 35 259.3 264.9
Capital transfer payments 36
Net purchases of nonproduced
assets 37 9.8 10.0
Less: Consumption of fixed
capital 38 122.1 127.9
Net lending or net borrowing (-) 39 -120.2 -98.7
Seasonally adjusted at
annual rates
2003 2004
III IV I
Current receipts 1,511.4 1,545.8 1,550.6
Current tax receipts 981.9 998.8 1,011.1
Personal current taxes 232.5 236.9 238.3
Income taxes 210.6 214.6 215.9
Other 21.9 22.3 22.5
Taxes on production and imports 714.0 724.3 734.2
Sales taxes 346.8 352.3 358.2
Property taxes 306.6 309.6 313.7
Other 60.7 62.4 62.4
Taxes on corporate income 35.4 37.6 38.5
Contributions for government social
insurance 15.1 15.5 16.0
Income receipts on assets 80.6 81.7 82.2
Interest receipts 70.8 71.5 71.8
Dividends 2.5 2.7 2.6
Rents and royalties 7.3 7.6 7.8
Current transfer receipts 429.9 446.1 437.9
Federal grants-in-aid 343.0 357.2 346.0
From business (net) 32.5 33.1 34.6
From persons 54.4 55.8 57.3
Current surplus surplus of government
enterprises 3.8 3.7 3.5
Current expenditures 1,504.9 1,510.5 1,538.8
Consumption expenditures 1,061.0 1,066.3 1,079.8
Government social benefit payments
to persons 355.7 352.3 366.3
Interest payments 90.7 92.0
Subsidies -0.8 1.2 0.7
Less: Wage accruals less
disbursements 0.0 0.0 0.0
Net state and local
government saving 6.5 35.3 11.8
Social insurance funds 1.1 1.2 1.3
Other 5.4 34.1 10.6
Addenda:
Total receipts 1,567.6 1,596.7 1,600.2
Current receipts 1,511.4 1,545.8 1,550.6
Capital transfer receipts 56.2 50.9 49.6
Total expenditures 1,655.0 1,657.0 1,684.2
Current expenditures 1,504.9 1,510.5 1,538.8
Gross government investment 268.7 266.2 266.4
Capital transfer payments
Net purchases of nonproduced
assets 10.0 10.0 10.0
Less: Consumption of fixed
capital 128.5 129.7 131.0
Net lending or net borrowing (-) -87.5 -60.4 -84.0
Seasonally adjusted
at annual rates
2004
II III
Current receipts 1,583.9 1,576.9
Current tax receipts 1,036.0 1,043.4
Personal current taxes 249.1 249.9
Income taxes 226.4 226.7
Other 22.7 23.1
Taxes on production and imports 746.4 754.6
Sales taxes 362.4 365.8
Property taxes 319.0 322.4
Other 65.0 66.4
Taxes on corporate income 40.5 39.0
Contributions for government social I
insurance 16.4 16.8
Income receipts on assets 82.6 83.3
Interest receipts 72.0 72.4
Dividends 2.6 2.7
Rents and royalties 8.0 8.3
Current transfer receipts 446.0 431.3
Federal grants-in-aid 351.9 342.1
From business (net) 35.3 28.9
From persons 58.8 60.3
Current surplus surplus of government
enterprises 2.9 2.1
Current expenditures 1,565.7 1,568.5
Consumption expenditures 1,091.8 1,104.8
Government social benefit payments
to persons 381.0 369.9
Interest payments 92.1 93.1
Subsidies 0.7 0.7
Less: Wage accruals less
disbursements 0.0 0.0
Net state and local
government saving 18.3 8.5
Social insurance funds 1.4 1.5
Other 16.9 7.0
Addenda:
Total receipts 1,630.9 1,633.2
Current receipts 1,583.9 1,576.9
Capital transfer receipts 47.0 56.2
Total expenditures 1,719.5 1,718.0
Current expenditures 1,565.7 1,568.5
Gross government investment 278.0 277.2
Capital transfer payments
Net purchases of nonproduced
assets 10.1 10.1
Less: Consumption of fixed
capital 134.3 137.7
Net lending or net borrowing (-) -88.6 -84.8
Table 3.9.1. Percent Change From Preceding Period in Real Government
Consumption Expenditures and Gross Investment
[Percent]
Sea-
son-
ally
ad-
jus-
ted
at
an-
nual
rates
Line 2002 2003 2003
III
Government consumption
expenditures and gross
investment 1 4.4 2.8 0.1
Consumption
expenditures (1) 2 4.0 2.9 -1.0
Gross investment (2) 3 6.0 2.1 6.0
Structures 4 5.4 0.6 12.3
Equipment and software 5 7.2 4.9 -4.2
Federal 6 7.5 6.6 -3.3
Consumption expenditures 7 7.2 6.7 -2.8
Gross investment 8 9.7 6.3 -6.8
Structures 9 8.5 5.5 15.4
Equipment and software 10 10.0 6.4 -10.7
National defense 11 7.7 9.0 -7.7
Consumption expenditures 12 7.2 9.0 -9.5
Gross investment 13 11.3 8.9 6.5
Structures 14 -5.8 15.8 71.8
Equipment and software 15 13.1 8.3 1.7
Nondefense 16 7.1 2.4 5.8
Consumption expenditures 17 7.1 2.5 11.9
Gross investment 18 7.2 1.8 -26.4
Structures 19 16.3 0.9 -5.4
Equipment and software 20 3.7 2.2 -34.3
State and local 21 2.8 0.7 2.2
Consumption expenditures 22 2.2 0.7 0.1
Gross investment 23 4.8 0.7 11.0
Structures 24 5.2 0.2 12.0
Equipment and software 25 3.4 2.6 6.8
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Government consumption
expenditures and gross
investment 1.6 2.5 2.2 1.2
Consumption
expenditures (1) 2.0 1.9 1.0 3.1
Gross investment (2) -0.3 5.5 8.3 -7.0
Structures -6.9 -0.3 8.9 -10.1
Equipment and software 12.6 16.1 7.4 -1.6
Federal 4.8 7.1 2.7 4.7
Consumption expenditures 3.9 4.7 2.5 5.7
Gross investment 11.3 25.1 3.9 -2.0
Structures -21.2 2.1 -22.4 10.2
Equipment and software 19.3 29.9 9.3 -4.0
National defense 116.0 10.6 1.9 9.8
Consumption expenditures 10.9 7.2 4.1 9.7
Gross investment 16.8 37.2 -12.0 10.6
Structures -3.5 14.2 -58.1 43.0
Equipment and software 19.0 39.7 -6.2 8.3
Nondefense -7.5 0.2 4.4 -5.2
Consumption expenditures -8.7 -0.3 -0.7 -2.2
Gross investment 1.7 3.9 44.0 -22.4
Structures -29.7 -4.4 8.4 -3.5
Equipment and software 20.0 7.6 61.2 -28.9
State and local -0.1 0.0 1.9 -0.8
Consumption expenditures 0.9 0.2 0.0 1.4
Gross investment -4.1 -1.0 10.0 -8.9
Structures -5.8 -0.4 11.5 -11.3
Equipment and software 3.0 -3.2 4.1 2.5
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are valued
at their cost of production. Excludes government sales to other
sectors and government own-account investment (construction and
software).
2. Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.9.2. Contributions to Percent Change in Real Government
Consumption Expenditures and Gross Investment
Sea-
son-
ally
ad-
jus-
ted
at
an-
nual
rates
Line 2002 2003 2003
III
Percent change at annual rate:
Government consumption
expenditures and gross
investment 1 4.40 2.80 0.10
Percentage points at annual
rates:
Consumption
expenditures (1) 2 3.29 2.40 -0.85
Gross investment (2) 3 1.06 0.37 0.99
Structures 4 0.61 0.06 1.26
Equipment and software 5 0.46 0.30 -0.27
Federal 6 2.53 2.31 -1.21
Consumption expenditures 7 2.11 2.04 -0.89
Gross investment 8 0.42 0.28 -0.32
Structures 9 0.06 0.04 0.11
Equipment and software 10 0.37 0.24 -0.43
National defense 11 1.67 2.01 -1.92
Consumption expenditures 12 1.36 1.77 -2.10
Gross investment 13 0.31 0.25 0.18
Structures 14 -0.01 0.04 0.14
Equipment and software 15 0.32 0.21 0.05
Nondefense 16 0.86 0.30 0.70
Consumption expenditures 17 0.75 0.27 1.21
Gross investment 18 0.12 0.03 -0.50
Structures 19 0.07 0.00 -0.03
Equipment and software 20 0.05 0.03 -0.48
State and local 21 1.82 0.45 1.35
Consumption expenditures 22 1.19 0.37 0.04
Gross investment 23 0.64 0.09 1.31
Structures 24 0.55 0.02 1.15
Equipment and software 25 0.09 0.07 0.16
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Percent change at annual rate:
Government consumption
expenditures and gross
investment 1.60 2.50 2.20 1.20
Percentage points at annual
rates:
Consumption
expenditures (1) 1.67 1.61 0.81 2.50
Gross investment (2) -0.05 0.94 1.41 -1.27
Structures -0.79 -0.03 0.94 -1.17
Equipment and software 0.74 0.96 0.47 -0.10
Federal 1.71 2.56 0.99 1.71
Consumption expenditures 1.23 1.50 0.80 1.81
Gross investment 0.49 1.06 0.19 -0.10
Structures -0.18 0.02 -0.18 0.07
Equipment and software 0.67 1.04 0.37 -0.16
National defense 2.66 2.53 0.47 2.36
Consumption expenditures 2.20 1.53 0.87 2.04
Gross investment 0.46 1.00 -0.40 0.32
Structures -0.01 0.04 -0.22 0.08
Equipment and software 0.47 0.96 -0.19 0.23
Nondefense -0.95 0.03 0.52 -0.64
Consumption expenditures -0.98 -0.03 -0.07 -0.23
Gross investment 0.03 0.06 0.59 -0.41
Structures -0.17 -0.02 0.04 -0.02
Equipment and software 0.20 0.08 0.56 -0.39
State and local -0.09 -0.01 1.23 -0.49
Consumption expenditures 0.45 0.12 0.01 0.69
Gross investment -0.54 -0.12 1.22 -1.18
Structures -0.61 -0.04 1.12 -1.24
Equipment and software 0.07 -0.08 0.10 0.06
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are valued
at their cost of production. Excludes government sales to other sectors
and government own-account investment (construction and software).
(2.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.9.3. Real Government Consumption Expenditures and
Gross Investment, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Government consumption
expenditures and gross
investment 1 107.918 110.906
Consumption
expenditures (1) 2 107.223 110.346
Gross investment (2) 3 111.203 113.527
Structures 4 110.493 111.107
Equipment and software 5 112.452 117.928
Federal 6 111.725 119.140
Consumption expenditures 7 111.599 119.064
Gross investment 8 112.611 119.683
Structures 9 101.438 107.013
Equipment and software 10 114.923 122.318
National defense 11 111.972 122.014
Consumption expenditures 12 111.415 121.413
Gross investment 13 115.863 126.207
Structures 14 83.850 97.119
Equipment and software 15 119.674 129.629
Nondefense 16 111.284 113.972
Consumption expenditures 17 111.934 114.745
Gross investment 18 107.484 109.408
Structures 19 111.964 112.923
Equipment and software 20 105.624 107.950
State and local 21 105.999 106.739
Consumption expenditures 22 104.844 105.581
Gross investment 23 110.747 111.498
Structures 24 111.178 111.418
Equipment and software 25 109.073 111.903
Seasonally adjusted
2003 2004
III IV I
Government consumption
expenditures and gross
investment 111.290 111.738 112.443
Consumption
expenditures (1) 110.573 111.130 111.665
Gross investment (2) 114.680 114.595 116.141
Structures 112.939 110.934 110.862
Equipment and software 117.789 121.326 125.933
Federal 119.751 121.154 123.249
Consumption expenditures 119.743 120.884 122.281
Gross investment 119.799 123.058 130.146
Structures 111.591 105.127 105.684
Equipment and software 121.416 126.886 135.463
National defense 122.368 125.765 128.984
Consumption expenditures 121.665 124.845 127.048
Gross investment 127.318 132.347 143.249
Structures 104.214 103.291 106.774
Equipment and software 129.975 135.754 147.586
Nondefense 115.050 115.050 112.900
Consumption expenditures 116.214 113.585 113.492
Gross investment 107.956 108.421 109.472
Structures 115.991 106.211 105.017
Equipment and software 104.553 109.419 111.450
State and local 107.006 106.968 106.965
Consumption expenditures 105.558 105.790 105.851
Gross investment 112.989 111.806 111.532
Structures 113.043 111.375 111.255
Equipment and software 112.829 113.676 112.751
Seasonally adjusted
2004
II III
Government consumption
expenditures and gross
investment 113.062 113.407
Consumption
expenditures (1) 111.937 112.785
Gross investment (2) 118.487 116.344
Structures 113.249 110.281
Equipment and software 128.193 127.674
Federal 124.068 125.505
Consumption expenditures 123.038 124.768
Gross investment 131.408 130.743
Structures 99.193 101.624
Equipment and software 138.523 137.127
National defense 129.582 132.653
Consumption expenditures 128.318 131.327
Gross investment 138.750 142.276
Structures 85.912 93.944
Equipment and software 145.229 148.144
Nondefense 114.117 112.594
Consumption expenditures 113.304 112.670
Gross investment 119.922 112.557
Structures 107.145 106.206
Equipment and software 125.584 115.316
State and local 107.482 107.273
Consumption expenditures 105.854 106.217
Gross investment 114.232 111.615
Structures 114.320 110.941
Equipment and software 113.890 114.607
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are valued
at their cost of production. Excludes government sales to other sectors
and government own-account investment (construction and software).
(2.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.9.4. Price Indexes for Government Consumption Expenditures and
Gross Investment
[Index numbers, 2000=100]
Line 2002 2003
Government consumption
expenditures and gross
investment 1 105.313 108.702
Consumption
expenditures (1) 2 105.907 109.807
Gross investment (2) 3 102.602 103.691
Structures 4 106.389 108.812
Equipment and software 5 96.409 95.389
Federal 6 105.288 109.081
Consumption expenditures 7 106.363 110.779
Gross investment 8 98.506 98.411
Structures 9 106.191 108.869
Equipment and software 10 97.085 96.501
National defense 11 105.488 109.875
Consumption expenditures 12 106.641 111.711
Gross investment 13 97.989 98.039
Structures 14 106.538 109.206
Equipment and software 15 97.161 96.995
Nondefense 161 104.932 107.631
Consumption expenditures 17 105.862 109.065
Gross investment 18 99.344 98.993
Structures 19 106.008 108.692
Equipment and software 20 96.888 95.345
State and local 21 105.317 108.485
Consumption expenditures 22 105.641 109.233
Gross investment 23 104.033 105.558
Structures 24 106.402 108.806
Equipment and software 25 95.485 93.832
Seasonally adjusted
2003 2004
III IV I
Government consumption
expenditures and gross
investment 108.898 109.167 110.522
Consumption
expenditures (1) 110.025 110.339 111.913
Gross investment (2) 103.786 103.855 104.226
Structures 109.040 109.316 109.841
Equipment and software 95.279 95.031 95.170
Federal 109.181 109.447 111.203
Consumption expenditures 110.888 111.217 113.189
Gross investment 98.460 98.335 98.780
Structures 109.160 109.946 111.047
Equipment and software 96.506 96.222 96.560
National defense 109.917 110.278 111.825
Consumption expenditures 111.750 112.169 113.879
Gross investment 98.092 98.093 98.642
Structures 109.443 110.188 111.347
Equipment and software 97.034 96.968 97.466
Nondefense 107.838 107.917 110.095
Consumption expenditures 109.302 109.455 111.953
Gross investment 99.035 98.670 98.903
Structures 109.008 109.817 110.883
Equipment and software 95.280 94.462 94.396
State and local 108.736 109-007 110.131
Consumption expenditures 109.521 109.825 111.152
Gross investment 105.671 105.814 106.154
Structures 109.030 109.268 109.752
Equipment and software 93.552 93.356 93.183
Seasonally adjusted
2004
II III
Government consumption
expenditures and gross
investment 111.703 112.628
Consumption
expenditures (1) 112.977 113.741
Gross investment (2) 105.922 107.564
Structures 112.361 115.182
Equipment and software 95.658 95.590
Federal 112.020 112.459
Consumption expenditures 113.983 114.454
Gross investment 99.728 99.970
Structures 113.369 115.869
Equipment and software 97.298 97.209
National defense 112.790 113.295
Consumption expenditures 114.805 115.361
Gross investment 99.832 100.019
Structures 113.915 116.607
Equipment and software 98.551 98.564
Nondefense 110.613 110.917
Consumption expenditures 112.481 112.777
Gross investment 99.370 99.717
Structures 113.074 115.476
Equipment and software 94.285 93.950
State and local 111.524 112.735
Consumption expenditures 112.386 113.337
Gross investment 108.151 110.362
Structures 112.285 115.128
Equipment and software 93.265 93.234
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are valued
at their cost of production. Excludes government sales to other sectors
and government own-account investment (construction and software).
(2.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.9.5. Government Consumption Expenditures and
Gross Investment
[Billions of dollars]
Line 2002 2003
Government consumption
expenditures and gross
investment 1 1,956.6 2,075.5
Consumption
expenditures (1) 2 1,609.2 1,717.1
Gross investment (2) 3 347.4 358.5
Structures 4 222.6 228.9
Equipment and software 5 124.9 129.6
Federal 6 680.8 752.2
Consumption expenditures 7 592.7 658.6
Gross investment 8 88.1 93.6
Structures 9 14.3 15.5
Equipment and software 10 73.8 78.1
National defense 11 437.4 496.4
Consumption expenditures 12 382.0 436.1
Gross investment 13 55.4 60.4
Structures 14 4.4 5.3
Equipment and software 15 51.0 55.1
Nondefense 16 243.4 255.7
Consumption expenditures 17 210.7 222.5
Gross investment 18 393.0 33.2
Structures 19 9.9 10.2
Equipment and software 20 22.9 23.0
State and local 21 1,275.8 1,323.3
Consumption expenditures 22 1,016.5 1,058.5
Gross investment 23 259.3 264.9
Structures 24 208.2 213.4
Equipment and software 25 51.0 51.5
Seasonally adjusted at annual
rates
2003 2004
III IV I
Government consumption
expenditures and gross
investment 2,086.4 2,100.0 2,139.5
Consumption
expenditures (1) 1,724.0 1,737.6 1,770.9
Gross investment (2) 362.4 362.4 368.6
Structures 233.1 229.6 230.5
Equipment and software 129.3 132.8 138.1
Federal 756.7 767.5 793.3
Consumption expenditures 663.0 671.3 691.1
Gross investment 93.7 96.2 102.2
Structures 16.2 15.4 15.6
Equipment and software 77.5 80.8 86.6
National defense 498.1 513.6 534.1
Consumption expenditures 437.1 450.2 465.2
Gross investment 61.0 63.4 69.0
Structures 5.7 5.7 5.9
Equipment and software 55.3 57.7 63.1
Nondefense 258.7 253.9 259.1
Consumption expenditures 225.9 221.1 225.9
Gross investment 32.8 32.8 33.2
Structures 10.5 9.7 9.7
Equipment and software 22.2 23.1 23.5
State and local 1,329.7 1,332.6 1,346.3
Consumption expenditures 1,061.0 1,066.3 1,079.8
Gross investment 268.7 266.2 266.4
Structures 217.0 214.2 214.9
Equipment and software 51.7 52.0 0.5
Seasonally adjusted
at annual rates
Line 2004
II III
Government consumption
expenditures and gross
investment 2,174.3 2,199.0
Consumption
expenditures (1) 1,792.1 1,817.9
Gross investment (2) 382.2 381.1
Structures 240.9 240.5
Equipment and software 141.3 140.6
Federal 804.4 816.9
Consumption expenditures 700.3 713.0
Gross investment 104.1 103.9
Structures 14.9 15.7
Equipment and software 89.2 88.2
National defense 541.2 556.6
Consumption expenditures 473.6 487.1
Gross investment 67.6 69.5
Structures 4.9 5.4
Equipment and software 62.8 64.0
Nondefense 263.2 260.4
Consumption expenditures 226.6 226.0
Gross investment 36.5 34.4
Structures 10.1 10.2
Equipment and software 26.4 24.2
State and local 1,369.9 1,382.1
Consumption expenditures 1,091.8 1,104.8
Gross investment 278.0 277.2
Structures 226.0 224.8
Equipment and software 152.1 52.4
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are valued
at their cost of production. Excludes government sales to other sectors
and government own-account investment (construction and software).
(2.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.9.6. Real Government Consumption Expenditures and Gross
Investment, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Government consumption
expenditures and gross
investment 1 1,857.9 1,909.4
Consumption 2 1,519.4 1,563.7
expenditures (1) 3 338.6 345.7
Gross investment (2) 4 209.2 210.4
Structures 5 129.5 135.8
Equipment and software 6 646.6 689.6
Federal 7 557.2 594.5
Consumption expenditures 8 89.5 95.1
Gross investment 9 13.5 14.2
Structures 10 76.0 80.9
Equipment and software 11 414.6 451.8
National defense 12 358.2 390.3
Consumption expenditures 13 56.6 61.6
Gross investment 14 4.2 4.8
Structures 15 52.5 56.8
Equipment and software 16
Nondefense 17 1,990.0 2,040.0
Consumption expenditures 18 32.9 33.5
Gross investment 19 9.3 9.4
Structures 20 23.6 24.1
Equipment and software 21 1,211.4 1,219.8
State and local 22 962.2 969.0
Consumption expenditures 23 249.2 250.9
Gross investment 24 195.7 196.1
Structures 25 53.5 54.8
Equipment and software 26 -0.3 0.1
Seasonally adjusted at annual
rates
2003 2004
III IV I
Government consumption
expenditures and gross
investment 1,916.0 1,923.7 1,935.8
Consumption 1,566.9 1,574.8 1,582.4
expenditures (1) 349.2 349.0 353.7
Gross investment (2) 213.8 210.0 209.9
Structures 135.7 139.8 145.1
Equipment and software 693.1 701.2 713.3
Federal 597.9 603.6 610.6
Consumption expenditures 95.2 97.8 103.4
Gross investment 14.8 14.0 14.0
Structures 80.3 84.0 89.6
Equipment and software 453.1 465.7 477.6
National defense 391.1 401.4 408.5
Consumption expenditures 62.1 64.6 69.9
Gross investment 1.0 5.1 5.3
Structures 57.0 59.5 64.7
Equipment and software
Nondefense 206.7 202.0 201.8
Consumption expenditures 33.1 33.2 33.6
Gross investment 9.7 8.8 8.7
Structures 23.3 24.4 24.9
Equipment and software 1,222.9 1,222.5 1,222.4
State and local 968.8 970.9 971.5
Consumption expenditures 254.3 251.6 251.0
Gross investment 199.0 196.1 195.8
Structures 55.3 55.7 55.3
Equipment and software -0.1 -0.2 -0.7
Seasonally adjusted
at annual rates
2004
II III
Government consumption
expenditures and gross
investment 1,946.5 1,952.4
Consumption 1,586.2 1,598.3
expenditures (1) 360.8 354.3
Gross investment (2) 214.4 208.8
Structures 147.7 147.1
Equipment and software 718.1 726.4
Federal 614.3 623.0
Consumption expenditures 104.4 103.9
Gross investment 13.2 13.5
Structures 91.7 90.7
Equipment and software 479.9 491.2
National defense 412.5 422.2
Consumption expenditures 67.7 69.4
Gross investment 4.3 4.7
Structures 63.7 65.0
Equipment and software 237.9 234.7
Nondefense 201.5 200.4
Consumption expenditures 36.8 34.5
Gross investment 8.9 8.8
Structures 28.0 25.7
Equipment and software 1,228.4 1,225.9
State and local 971.5 974.8
Consumption expenditures 257.1 251.2
Gross investment 201.2 195.3
Structures 55.8 56.2
Equipment and software -0.9 -0.7
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are valued
at their cost of production. Excludes government sales to other sectors
and government own-account investment (construction and software).
(2.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
NOTE. Chained (2000) dollar series are calculated as the product of
the chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of
the most detailed lines.
Table 3.10.1. Percent Change From Preceding Period in Real Government
Consumption Expenditures and General Government Gross Output
[Percent]
Season-
ally
ad-
justed
at
annual
rates
Line 2002 2003 2003
III
Government consumption
expenditures (1) 1 4.0 2.9 -1.0
Gross output of general
government 2 4.3 3.1 -0.3
Value added 3 1.7 1.1 0.4
Compensation of general
government employees 4 1.5 0.9 0.0
Consumption of general
government fixed
capital (2) 5 2.4 2.5 2.5
Intermediate goods and
services purchased (3) 6 9.0 6.4 -1.5
Durable goods 7 3.9 4.8 -2.7
Nondurable goods 8 7.7 2.8 -2.7
Services 9 9.9 7.7 -1.0
Less: Own-account investment
(4) 10 3.3 -1.3 2.0
Sales to other sectors 11 6.2 4.5 3.7
Federal consumption expenditures
(1) 12 7.2 6.7 -2.8
Gross output of general
government 13 7.0 6.5 -3.2
Value added 14 1.9 2.6 0.3
Compensation of general
government employees 15 2.3 3.1 0.1
Consumption of general
government fixed capital
(2) 16 0.7 1.0 1.1
Intermediate goods and
services purchased (3) 17 14.8 12.0 -7.7
Durable goods 18 5.2 7.5 -6.5
Nondurable goods 19 17.3 1.6 -30.6
Services 20 15.9 13.7 -5.1
Less: Own-account investment
(4) 21 4.1 -4.3 -23.7
Sales to other sectors 22 -10.6 -7.0 -32.9
Defense consumption expenditures
(1) 23 7.2 9.0 -9.5
Gross output of general
government 24 7.2 8.7 -9.4
Value added 25 1.9 2.8 0.9
Compensation of general
government employees 26 2.7 3.6 0.9
Consumption of general
government fixed capital
(2) 27 -0.2 0.7 1.0
Intermediate goods and
services purchased (3) 28 15.4 16.9 -20.4
Durable goods 29 4.2 8.2 -8.8
Nondurable goods 30 20.0 8.0 -55.6
Services 31 17.2 19.2 -18.4
Less: Own-account investment
(4) 32 34.6 -2.5 -17.8
Sales to other sectors 33 -8.2 -27.2 20.5
Nondefense consumption
expenditures (1) 34 7.1 2.5 11.9
Gross output of general
government 35 6.6 2.5 10.0
Value added 36 2.0 2.3 -0.7
Compensation of general
government employees 37 1.8 2.4 -1.1
Consumption of general
government fixed capital
(2) 38 3.0 1.8 1.4
Intermediate goods and
services purchased (3) 39 13.9 2.7 28.0
Durable goods 40 17.8 0.2 28.4
Nondurable goods 41
Commodity Credit
Corporation inventory
change 42
Other nondurable goods 43 23.1 -3.0 35.9
Services 44 13.6 4.0 30.4
Less: Own-account investment
(4) 45 -13.4 -5.8 -28.8
Sales to other sectors 46 -12.3 7.7 -52.0
State and local consumption
expenditures (1) 47 2.2 0.7 0.1
Gross output of general
government 48 3.1 1.5 1.1
Value added 49 1.6 0.5 0.4
Compensation of general
government employees 50 1.2 0.1 0.0
Consumption of general
government fixed capital
(2) 51 4.0 3.8 3.8
Intermediate goods and
services purchased (3) 52 6.0 3.4 2.4
Durable goods 53 2.4 1.7 2.4
Nondurable goods 54 6.2 3.0 2.7
Services 55 6.2 3.6 2.3
Less: Own-account investment
(4) 56 3.1 -0.5 9.4
Sales to other sectors 57 6.5 4.7 4.5
Tuition and related
educational charges 58 6.1 4.5 0.8
Health and hospital
charges 59 8.2 5.5 6.7
Other sales 60 4.2 3.5 3.6
Seasonally adjusted at annual
rates
2004
IV I II III
Government consumption
expenditures (1) 2.0 1.9 1.0 3.1
Gross output of general
government 2.0 2.3 1.7 3.7
Value added 0.8 0.9 0.1 1.6
Compensation of general
government employees 0.6 0.6 -0.3 1.4
Consumption of general
government fixed
capital (2) 2.6 2.4 2.4 2.3
Intermediate goods and
services purchased (3) 4.0 4.5 4.2 6.9
Durable goods 5.1 3.9 16.7 10.7
Nondurable goods 3.1 4.7 0.4 -0.8
Services 4.1 4.5 4.4 9.2
Less: Own-account investment
(4) 3.4 -1.4 14.9 -0.8
Sales to other sectors 2.0 4.3 4.9 7.3
Federal consumption expenditures
(1) 3.9 4.7 2.5 5.7
Gross output of general
government 3.1 4.6 2.7 7.1
Value added -0.3 1.8 -0.7 0.4
Compensation of general
government employees -0.7 2.1 -1.1 0.3
Consumption of general
government fixed capital
(2) 1.3 0.9 1.0 0.8
Intermediate goods and
services purchased (3) 7.5 8.3 7.1 15.7
Durable goods 7.9 5.4 28.3 17.8
Nondurable goods 10.4 23.3 -12.4 -18.5
Services 7.2 7.3 7.0 19.3
Less: Own-account investment
(4) 36.8 5.7 9.9 10.8
Sales to other sectors -77.3 -11.3 44.4 527.2
Defense consumption expenditures
(1) 10.9 7.2 4.1 9.7
Gross output of general
government 9.7 7.4 4.3 10.6
Value added 0.1 3.7 -1.1 1.2
Compensation of general
government employees -0.3 4.6 -1.8 1.4
Consumption of general
government fixed capital
(2) 1.2 0.8 1.0 0.6
Intermediate goods and
services purchased (3) 22.5 11.9 10.8 21.9
Durable goods 7.5 5.1 31.4 16.8
Nondurable goods 8.7 101.4 -24.8 4.5
Services 26.3 8.3 11.1 24.2
Less: Own-account investment
(4) 19.3 8.4 3.1 2.4
Sales to other sectors -96.7 88.2 171.7 992.9
Nondefense consumption
expenditures (1) -8.7 -0.3 -0.7 -2.2
Gross output of general
government -8.8 -0.7 -0.4 0.0
Value added -1.0 -1.5 0.1 -1.0
Compensation of general
government employees -1.5 -2.0 -0.1 -1.5
Consumption of general
government fixed capital
(2) 1.4 1.2 1.0 1.4
Intermediate goods and
services purchased (3) -19.3 0.4 -1.2 1.5
Durable goods 13.2 9.0 -4.1 31.6
Nondurable goods
Commodity Credit
Corporation inventory
change
Other nondurable goods 4.0 2.8 -13.1 -9.7
Services -24.0 5.2 -1.9 8.6
Less: Own-account investment
(4) 55.1 3.3 16.3 18.6
Sales to other sectors -45.4 -32.5 7.5 353.2
State and local consumption
expenditures (1) 0.9 0.2 0.0 1.4
Gross output of general
government 1.5 1.1 1.2 2.0
Value added 1.3 0.5 0.5 2.1
Compensation of general
government employees 1.0 0.1 0.1 1.9
Consumption of general
government fixed capital
(2) 3.7 3.7 3.6 3.6
Intermediate goods and
services purchased (3) 1.9 2.2 2.5 1.9
Durable goods 1.6 2.0 3.1 1.7
Nondurable goods 2.0 2.0 2.5 2.0
Services 1.9 2.3 2.4 1.8
Less: Own-account investment
(4) -3.3 -3.1 16.1 -3.6
Sales to other sectors 4.2 4.5 4.5 4.5
Tuition and related
educational charges 3.6 4.5 4.5 4.5
Health and hospital
charges 6.0 4.5 4.5 4.5
Other sales 1.5 4.3 4.5 4.4
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are
valued at their cost of production. Excludes government sales to
other sectors and government own-account investment (construction
and software).
(2.) Consumption of fixed capital, or depreciation, is included
in government gross output as a partial measure of the services of
general government fixed assets; the use of depreciation assumes a
zero net return on these assets.
(3.) Includes general government intermediate inputs for goods and
services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related expenditures
for goods and services and is classified as investment in structures
and in software in table 3.9.5.
Table 3.10.3. Real Government Consumption Expenditures and
General Government Gross Output, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Government consumption
expenditures (1) 1 107.223 110.346
Gross output of general
government 2 108.019 111.362
Value added 3 103.539 104.718
Compensation of general
government employees 4 103.240 104.173
Consumption of general
government fixed
capital (2) 5 105.206 107.847
Intermediate goods and
services purchased (3) 6 116.287 123.720
Durable goods 7 107.606 112.816
Nondurable goods 8 115.204 118.486
Services 9 117.573 126.649
Less: Own-account investment 10 115.169 113.695
Sales to other sectors 11 112.402 117.478
Federal consumption expenditures (1) 12 111.599 119.064
Gross output of general
government 13 111.117 118.343
Value added 14 102.470 105.174
Compensation of general
government employees 15 102.749 105.968
Consumption of general
government fixed capital
(2) 16 101.597 102.632
Intermediate goods and
services purchased (3) 17 125.460 140.457
Durable goods 18 107.034 115.081
Nondurable goods 19 129.504 131.608
Services 20 127.841 145.347
Less: Own-account investment (4) 21 127.598 122.134
Sales to other sectors 22 66.471 61.811
Defense consumption expenditures (1) 23 111.415 121.413
Gross output of general
government 24 111.506 121.241
Value added 25 102.319 105.213
Compensation of general
government employees 26 103.405 107.114
Consumption of general
government fixed capital
(2) 27 99.662 100.394
Intermediate goods and
services purchased (3) 28 126.415 147.732
Durable goods 29 105.076 113.683
Nondurable goods 30 125.674 135.682
Services 31 131.519 156.815
Less: Own-account investment (4) 32 171.620 167.268
Sales to other sectors 33 91.665 66.691
Nondefense consumption expenditures
(1) 34 111.934 114.745
Gross output of general
government 35 110.429 113.173
Value added 36 102.730 105.099
Compensation of general
government employees 37 101.774 104.237
Consumption of general
government fixed capital
(2) 38 107.043 108.939
Intermediate goods and
services purchased (3) 39 123.708 127.107
Durable goods 40 132.511 132.825
Nondurable goods 41
Commodity Credit
Corporation inventory
change 42
Other nondurable goods 43 145.986 141.593
Services 44 121.927 126.808
Less: Own-account investment (4) 45 103.886 97.830
Sales to other sectors 46 55.700 60.014
State and local consumption
expenditures (1) 47 104.844 105.581
Gross output of general
government 48 106.653 108.270
Value added 49 103.983 104.514
Compensation of general
government employees 50 103.407 103.510
Consumption of general
government fixed capital
(2) 51 108.650 112.811
Intermediate goods and
services purchased (3) 52 111.820 115.580
Durable goods 53 108.300 110.161
Nondurable goods 54 113.121 116.567
Services 55 111.457 115.510
Less: Own-account investment (4) 56 112.453 111.873
Sales to other sectors 57 113.771 119.133
Tuition and related
educational charges 58 113.090 118.219
Health and hospital
charges 59 117.810 124.268
Other sales 60 108.100 111.922
Seasonally adjusted at annual
rates
2003 2004
III IV I
Government consumption
expenditures (1) 110.573 111.130 111.665
Gross output of general
government 111.685 112.250 112.877
Value added 104.797 105.017 105.247
Compensation of general
government employees 104.209 104.352 104.512
Consumption of general
government fixed
capital (2) 108.176 108.869 109.522
Intermediate goods and
services purchased (3) 124.502 125.719 127.098
Durable goods 114.163 115.586 116.688
Nondurable goods 118.446 119.354 120.719
Services 127.661 128.964 130.377
Less: Own-account investment 113.674 114.628 114.222
Sales to other sectors 118.415 119.002 120.253
Federal consumption expenditures (1) 119.743 120.884 122.281
Gross output of general
government 119.079 119.981 121.344
Value added 105.461 105.385 105.856
Compensation of general
government employees 106.302 106.107 106.648
Consumption of general
government fixed capital
(2) 102.759 103.082 103.315
Intermediate goods and
services purchased (3) 141.969 144.563 147.481
Durable goods 117.243 119.506 121.076
Nondurable goods 128.025 131.226 138.270
Services 147.335 149.929 152.593
Less: Own-account investment (4) 115.984 125.437 127.189
Sales to other sectors 70.407 48.619 47.186
Defense consumption expenditures (1) 121.665 124.845 127.048
Gross output of general
government 121.613 124.474 126.708
Value added 105.608 105.638 106.591
Compensation of general
government employees 107.616 107.548 108.771
Consumption of general
government fixed capital
(2) 100.497 100.798 100.999
Intermediate goods and
services purchased (3) 148.048 155.761 160.198
Durable goods 115.821 117.936 119.400
Nondurable goods 122.903 125.506 149.517
Services 157.996 167.486 170.845
Less: Own-account investment (4) 161.458 168.728 172.179
Sales to other sectors 90.300 38.529 45.129
Nondefense consumption expenditures
(1) 116.214 113.585 113.492
Gross output of general
government 114.563 111.940 111.738
Value added 105.195 104.933 104.544
Compensation of general
government employees 104.312 103.920 103.393
Consumption of general
government fixed capital
(2) 109.135 109.521 109.846
Intermediate goods and
services purchased (3) 130.801 123.987 124.119
Durable goods 135.320 139.582 142.627
Nondurable goods
Commodity Credit
Corporation inventory
change
Other nondurable goods 150.790 152.270 153.333
Services 130.139 121.498 123.034
Less: Own-account investment (4) 91.506 102.119 102.960
Sales to other sectors 62.039 53.335 48.346
State and local consumption
expenditures (1) 105.558 105.790 105.851
Gross output of general
government 108.408 108.822 109.121
Value added 104.504 104.851 104.976
Compensation of general
government employees 103.437 103.704 103.723
Consumption of general
government fixed capital
(2) 113.332 114.374 115.427
Intermediate goods and
services purchased (3) 116.009 116.556 117.196
Durable goods 110.544 110.979 111.530
Nondurable goods 117.000 117.593 118.191
Services 115.940 116.473 117.140
Less: Own-account investment (4) 113.234 112.276 111.382
Sales to other sectors 119.848 121.080 122.409
Tuition and related
educational charges 118.384 119.439 120.765
Health and hospital
charges 125.238 127.066 128.477
Other sales 112.630 113.050 114.254
Seasonally adjusted
at annual rates
2004
II III
Government consumption
expenditures (1) 111.937 112.785
Gross output of general
government 113.353 114.374
Value added 105.281 105.693
Compensation of general
government employees 104.446 104.822
Consumption of general
government fixed
capital (2) 110.177 110.810
Intermediate goods and
services purchased (3) 128.411 130.575
Durable goods 121.293 124.423
Nondurable goods 120.835 120.578
Services 131.785 134.728
Less: Own-account investment 118.245 118.020
Sales to other sectors 121.695 123.849
Federal consumption expenditures (1) 123.038 124.768
Gross output of general
government 122.164 124.264
Value added 105.681 105.790
Compensation of general
government employees 106.345 106.423
Consumption of general
government fixed capital
(2) 103.575 103.790
Intermediate goods and
services purchased (3) 150.049 155.617
Durable goods 128.856 134.254
Nondurable goods 133.778 127.103
Services 155.193 162.198
Less: Own-account investment (4) 130.238 133.633
Sales to other sectors 51.728 81.862
Defense consumption expenditures (1) 128.318 131.327
Gross output of general
government 128.048 131.320
Value added 106.301 106.623
Compensation of general
government employees 108.288 108.672
Consumption of general
government fixed capital
(2) 101.250 101.403
Intermediate goods and
services purchased (3) 164.371 172.724
Durable goods 127.831 132.894
Nondurable goods 139.245 140.790
Services 175.414 185.170
Less: Own-account investment (4) 173.507 174.531
Sales to other sectors 57.942 105.352
Nondefense consumption expenditures
(1) 113.304 112.670
Gross output of general
government 111.625 111.622
Value added 104.573 104.302
Compensation of general
government employees 103.372 102.972
Consumption of general
government fixed capital
(2) 110.128 110.525
Intermediate goods and
services purchased (3) 123.754 124.226
Durable goods 141.131 151.173
Nondurable goods
Commodity Credit
Corporation inventory
change
Other nondurable goods 148.046 144.316
Services 122.440 124.986
Less: Own-account investment (4) 106.922 111.588
Sales to other sectors 49.233 71.834
State and local consumption
expenditures (1) 105.854 106.217
Gross output of general
government 109.445 109.988
Value added 105.102 105.643
Compensation of general
government employees 103.745 104.230
Consumption of general
government fixed capital
(2) 116.458 117.485
Intermediate goods and
services purchased (3) 117.908 118.454
Durable goods 112.398 112.861
Nondurable goods 118.912 119.515
Services 117.836 118.359
Less: Own-account investment (4) 115.629 114.585
Sales to other sectors 123.763 125.124
Tuition and related
educational charges 122.106 123.462
Health and hospital
charges 129.903 131.345
Other sales 115.505 116.746
(1.) Government consumption expenditures are services (such
as education and national defense) produced by government
that are valued at their cost of production. Excludes government
sales to other sectors and government own-account investment
(construction and software).
2. Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of
general government fixed assets; the use of depreciation assumes
a zero net return on these assets.
(3.) Includes general government intermediate inputs for goods
and services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related
expenditures for goods and services and is classified as investment
in structures and in software in table 3.9.5.
Table 3.10.4. Price Indexes for Government Consumption
Expenditures and General Government Gross Output
[Index numbers, 2000=100]
Line 2002 2003
Government consumption
expenditures (1) 1 105.907 109.807
Gross output of general
government 2 106.008 110.122
Value added 3 107.884 112.072
Compensation of general
government employees 4 109.040 113.901
Consumption of general
government fixed
capital (2) 5 101.681 102.307
Intermediate goods and
services purchased (3) 6 102.824 106.814
Durable goods 7 100.546 100.919
Nondurable goods 8 97.029 104.402
Services 9 105.143 108.326
Less: Own-account investment
(4) 10 105.650 108.996
Sales to other sectors 11 106.646 112.086
Federal consumption expenditures (1) 12 106.363 110.779
Gross output of general
government 13 106.362 110.768
Value added 14 108.440 114.086
Compensation of general
government employees 15 111.070 118.490
Consumption of general
government fixed capital
(2) 16 100.896 101.360
Intermediate goods and
services purchased (3) 17 103.370 106.182
Durable goods 18 99.875 100.265
Nondurable goods 19 93.515 98.010
Services 20 105.125 108.047
Less: Own-account investment (4) 21 108.115 112.015
Sales to other sectors 22 104.975 108.393
Defense consumption expenditures
(1) 23 106.641 111.711
Gross output of general
government 24 106.660 111.718
Value added 25 109.070 115.800
Compensation of general
government employees 26 112.476 121.750
Consumption of general
government fixed capital
(2) 27 101.083 101.656
Intermediate goods and
services purchased (3) 28 103.294 106.317
Durable goods 29 100.384 100.997
Nondurable goods 30 87.924 92.286
Services 31 105.585 108.911
Less: Own-account investment (4) 32 107.801 111.450
Sales to other sectors 33 109.093 112.690
Nondefense consumption expenditures
(1) 34 105.862 109.065
Gross output of general
government 35 105.837 109.051
Value added 36 107.361 111.154
Compensation of general
government employees 37 108.992 113.640
Consumption of general
government fixed capital
(2) 38 100.414 100.590
Intermediate goods and
services purchased (3) 39 103.514 105.907
Durable goods 40 94.214 92.283
Nondurable goods 41
Commodity Credit
Corporation inventory
change 42
Other nondurable goods 43 100.302 105.519
Services 44 104.379 106.559
Less: Own-account investment (4) 45 108.321 112.445
Sales to other sectors 46 102.656 105.975
State and local consumption
expenditures (1) 47 105.641 109.233
Gross output of general
government 48 105.843 109.820
Value added 49 107.658 111.239
Compensation of general
government employees 50 108.340 112.301
Consumption of general
government fixed capital
(2) 51 102.415 103.186
Intermediate goods and
services purchased (3) 52 102.536 107.196
Durable goods 53 101.332 101.685
Nondurable goods 54 97.582 105.442
Services 55 105.139 108.506
Less: Own-account investment (4) 56 105.054 108.266
Sales to other sectors 57 106.684 112.159
Tuition and related
educational charges 58 112.318 121.709
Health and hospital
charges 59 106.660 112.228
Other sales 60 103.102 105.848
Seasonally adjusted at annual
rates
2003 2004
III IV I
Government consumption
expenditures (1) 110.025 110.339 111.913
Gross output of general
government 110.398 110.899 112.484
Value added 112.534 113.035 114.640
Compensation of general
government employees 114.423 115.042 116.878
Consumption of general
government fixed
capital (2) 102.458 102.337 102.741
Intermediate goods and
services purchased (3) 106.802 107.300 108.849
Durable goods 100.901 101.065 101.484
Nondurable goods 103.119 104.112 107.656
Services 108.751 109.119 110.115
Less: Own-account investment
(4) 109.316 109.745 111.243
Sales to other sectors 112.706 114.303 115.958
Federal consumption expenditures (1) 110.888 111.217 113.189
Gross output of general
government 110.880 111.210 113.185
Value added 114.240 114.406 117.357
Compensation of general
government employees 118.612 118.886 122.572
Consumption of general
government fixed capital
(2) 101.608 101.455 102.247
Intermediate goods and
services purchased (3) 106.242 106.766 107.580
Durable goods 100.204 100.328 100.636
Nondurable goods 95.789 95.707 93.654
Services 108.393 109.031 110.239
Less: Own-account investment (4) 112.430 112.636 115.365
Sales to other sectors 108.698 109.335 110.990
Defense consumption expenditures
(1) 111.750 112.169 113.879
Gross output of general
government 111.758 112.176 113.892
Value added 115.923 116.198 118.994
Compensation of general
government employees 121.788 122.248 125.775
Consumption of general
government fixed capital
(2) 101.986 101.807 102.808
Intermediate goods and
services purchased (3) 106.264 106.835 107.385
Durable goods 100.936 101.107 101.463
Nondurable goods 87.608 88.725 83.809
Services 109.338 109.924 111.033
Less: Own-account investment (4) 111.849 112.045 114.511
Sales to other sectors 112.758 112.916 115.501
Nondefense consumption expenditures
(1) 109.302 109.455 111.953
Gross output of general
government 109.292 109.454 111.944
Value added 111.358 111.334 114.557
Compensation of general
government employees 113.884 113.874 117.805
Consumption of general
government fixed capital
(2) 100.624 100.542 100.790
Intermediate goods and
services purchased (3) 106.196 106.619 108.055
Durable goods 92.207 91.831 91.620
Nondurable goods
Commodity Credit
Corporation inventory
change
Other nondurable goods 106.021 106.465 108.274
Services 106.741 107.486 108.916
Less: Own-account investment (4) 112.873 113.085 116.049
Sales to other sectors 106.396 107.222 108.547
State and local consumption
expenditures (1) 109.521 109.825 111.152
Gross output of general
government 110.177 110.761 112.155
Value added 111.831 112.472 113.511
Compensation of general
government employees 112.965 113.708 114.882
Consumption of general
government fixed capital
(2) 103.253 103.158 103.229
Intermediate goods and
services purchased (3) 107.146 107.630 109.626
Durable goods 101.720 101.934 102.497
Nondurable goods 104.322 105.486 110.001
Services 108.991 109.153 109.984
Less: Own-account investment (4) 108.563 109.043 110.238
Sales to other sectors 112.784 114.396 116.051
Tuition and related
educational charges 123.350 126.314 129.270
Health and hospital
charges 112.726 114.024 115.575
Other sales 105.996 107.240 108.209
Seasonally adjusted
at annual rates
2004
II III
Government consumption
expenditures (1) 112.977 113.741
Gross output of general
government 113.592 114.408
Value added 115.391 115.953
Compensation of general
government employees 117.512 117.960
Consumption of general
government fixed
capital (2) 104.096 105.243
Intermediate goods and
services purchased (3) 110.483 111.670
Durable goods 101.999 102.414
Nondurable goods 111.217 113.384
Services 111.221 112.167
Less: Own-account investment
(4) 112.183 112.998
Sales to other sectors 117.332 118.448
Federal consumption expenditures (1) 113.983 114.454
Gross output of general
government 113.975 114.445
Value added 117.617 117.749
Compensation of general
government employees 122.536 122.536
Consumption of general
government fixed capital
(2) 103.377 103.899
Intermediate goods and
services purchased (3) 108.979 109.826
Durable goods 101.213 101.546
Nondurable goods 100.111 103.443
Services 111.179 111.838
Less: Own-account investment (4) 115.989 116.560
Sales to other sectors 111.287 111.496
Defense consumption expenditures
(1) 114.805 115.361
Gross output of general
government 114.816 115.373
Value added 119.390 119.563
Compensation of general
government employees 125.783 125.806
Consumption of general
government fixed capital
(2) 104.167 104.710
Intermediate goods and
services purchased (3) 108.850 109.787
Durable goods 102.108 102.517
Nondurable goods 93.055 97.958
Services 111.901 112.587
Less: Own-account investment (4) 115.261 116.403
Sales to other sectors 116.169 116.290
Nondefense consumption expenditures
(1) 112.481 112.777
Gross output of general
government 112.467 112.760
Value added 114.579 114.642
Compensation of general
government employees 117.703 117.669
Consumption of general
government fixed capital
(2) 101.331 101.797
Intermediate goods and
services purchased (3) 109.295 109.915
Durable goods 91.466 90.943
Nondurable goods
Commodity Credit
Corporation inventory
change
Other nondurable goods 110.100 111.214
Services 110.023 110.621
Less: Own-account investment (4) 116.560 116.640
Sales to other sectors 108.679 108.926
State and local consumption
expenditures (1) 112.386 113.337
Gross output of general
government 113.420 114.408
Value added 114.469 115.212
Compensation of general
government employees 115.756 116.364
Consumption of general
government fixed capital
(2) 104.776 106.457
Intermediate goods and
services purchased (3) 111.405 112.805
Durable goods 102.928 103.457
Nondurable goods 113.055 115.032
Services 111.221 112.396
Less: Own-account investment (4) 111.257 112.133
Sales to other sectors 117.440 118.571
Tuition and related
educational charges 131.915 134.527
Health and hospital
charges 116.462 117.556
Other sales 109.606 109.819
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are
valued at their cost of production. Excludes government sales to
other sectors and government own-account investment (construction
and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of
general government fixed assets; the use of depreciation assumes
a zero net return on these assets.
(3.) Includes general government intermediate inputs for goods
and services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related
expenditures for goods and services and is classified as investment
in structures and in software in table 3.9.5.
Table 3.10.5. Government Consumption Expenditures and General
Government Gross Output
[Billions of dollars]
Line 2002 2003
Government consumption
expenditures (1) 1 1,609.2 1,717.1
Gross output of general
government 2 1,903.6 2,038.6
Value added 3 1,194.8 1,255.3
Compensation of general
government employees 4 1,016.8 1,071.7
Consumption of general
government fixed
capital (2) 5 178.0 183.6
Intermediate goods and
services purchased (3) 6 708.8 783.4
Durable goods 7 47.7 50.2
Nondurable goods 8 162.4 179.7
Services 9 498.7 553.4
Less: Own-account investment
(4) 10 22.0 22.4
Sales to other sectors 11 272.3 299.1
Federal consumption expenditures (1) 12 592.7 658.6
Gross output of general
government 13 601.8 667.4
Value added 14 350.4 378.4
Compensation of general
government employees 15 266.8 293.5
Consumption of general
government fixed capital
(2) 16 83.6 84.9
Intermediate goods and
services purchased (3) 17 251.3 289.0
Durable goods 18 25.7 27.7
Nondurable goods 19 22.9 24.4
Services 20 202.8 236.9
Less: Own-account investment (4) 21 4.5 4.4
Sales to other sectors 22 4.6 4.4
Defense consumption expenditures (1) 23 382.0 436.1
Gross output of general
government 24 386.0 439.6
Value added 25 222.3 242.7
Compensation of general
government employees 26 161.6 181.2
Consumption of general
government fixed capital
(2) 27 60.7 61.5
Intermediate goods and
services purchased (3) 28 163.8 197.0
Durable goods 29 23.5 25.6
Nondurable goods 30 11.5 13.1
Services 31 128.8 158.4
Less: Own-account investment (4) 32 2.1 2.1
Sales to other sectors 33 1.9 1.5
Nondefense consumption expenditures
(1) 34 210.7 222.5
Gross output of general
government 35 215.7 227.8
Value added 36 128.1 135.7
Compensation of general
government employees 37 105.2 112.3
Consumption of general
government fixed capital
(2) 38 23.0 23.4
Intermediate goods and
services purchased (3) 39 87.6 92.1
Durable goods 40 2.2 2.2
Nondurable goods 41 11.4 11.3
Commodity Credit
Corporation inventory
change 42 0.1 -0.1
Other nondurable goods 43 11.3 11.5
Services 44 74.0 78.6
Less: Own-account investment (4) 45 2.4 2.3
Sales to other sectors 46 2.7 3.0
State and local consumption
expenditures (1) 47 1,016.5 1,058.5
Gross output of general
government 48 1,301.8 1,371.2
Value added 49 844.3 876.9
Compensation of general
government employees 50 750.0 778.2
Consumption of general
government fixed capital
(2) 51 94.3 98.7
Intermediate goods and
services purchased (3) 52 457.5 494.3
Durable goods 53 22.0 22.5
Nondurable goods 54 139.5 155.3
Services 55 295.9 316.5
Less: Own-account investment (4) 56 17.6 18.0
Sales to other sectors 57 267.7 294.7
Tuition and related
educational charges 58 56.3 63.8
Health and hospital
charges 59 132.6 147.2
Other sales 60 78.8 83.8
Seasonally adjusted at annual
rates
2003 2004
III IV I
Government consumption
expenditures (1) 1,724.0 1,737.6 1,770.9
Gross output of general
government 2,049.6 2,069.4 2,110.7
Value added 1,261.4 1,269.7 1,290.5
Compensation of general
government employees 1,077.0 1,084.3 1,103.3
Consumption of general
government fixed
capital (2) 184.4 185.4 187.2
Intermediate goods and
services purchased (3) 788.3 799.7 820.2
Durable goods 50.8 51.5 52.2
Nondurable goods 177.5 180.6 188.9
Services 560.0 567.6 579.1
Less: Own-account investment
(4) 22.5 22.8 23.0
Sales to other sectors 303.1 309.0 316.7
Federal consumption expenditures (1) 663.0 671.3 691.1
Gross output of general
government 672.3 679.4 699.3
Value added 379.9 380.2 391.8
Compensation of general
government employees 294.7 294.9 305.6
Consumption of general
government fixed capital
(2) 85.2 85.3 86.2
Intermediate goods and
services purchased (3) 292.3 299.2 307.6
Durable goods 28.2 28.8 29.3
Nondurable goods 23.2 23.8 24.5
Services 240.9 246.6 253.7
Less: Own-account investment (4) 4.2 4.6 4.7
Sales to other sectors 5.1 3.5 3.5
Defense consumption expenditures (1) 437.1 450.2 465.2
Gross output of general
government 441.1 453.2 468.4
Value added 243.8 244.5 252.6
Compensation of general
government employees 182.1 182.7 190.1
Consumption of general
government fixed capital
(2) 61.7 61.8 62.5
Intermediate goods and
services purchased (3) 197.3 208.7 215.8
Durable goods 26.0 26.5 27.0
Nondurable goods 11.2 11.6 13.0
Services 160.1 170.6 175.8
Less: Own-account investment (4) 2.0 2.1 2.2
Sales to other sectors 2.0 0.8 1.0
Nondefense consumption expenditures
(1) 225.9 221.1 225.9
Gross output of general
government 231.1 226.2 230.9
Value added 136.1 135.7 139.2
Compensation of general
government employees 112.6 112.2 115.5
Consumption of general
government fixed capital
(2) 23.5 23.5 23.7
Intermediate goods and
services purchased (3) 95.0 90.4 91.8
Durable goods 2.2 2.3 2.3
Nondurable goods 12.0 12.2 11.5
Commodity Credit
Corporation inventory
change -0.2 -0.2 -1.2
Other nondurable goods 12.3 12.5 12.8
Services 80.8 76.0 77.9
Less: Own-account investment (4) 2.2 2.4 2.5
Sales to other sectors 3.1 2.7 2.5
State and local consumption
expenditures (1) 1,061.0 1,066.3 1,079.8
Gross output of general
government 1,377.4 1,390.0 1,411.3
Value added 881.4 889.5 898.8
Compensation of general
government employees 782.2 789.4 797.7
Consumption of general
government fixed capital
(2) 99.2 100.0 101.0
Intermediate goods and
services purchased (3) 495.9 500.5 512.6
Durable goods 22.6 22.7 22.9
Nondurable goods 154.3 156.8 164.3
Services 319.1 321.0 325.3
Less: Own-account investment (4) 18.3 18.2 18.3
Sales to other sectors 298.1 305.4 313.3
Tuition and related
educational charges 64.7 66.9 69.2
Health and hospital
charges 148.9 152.8 156.6
Other sales 84.4 85.7 87.4
Seasonally adjusted
at annual rates
2004
II III
Government consumption
expenditures (1) 1,792.1 1,817.9
Gross output of general
government 2,140.4 2,175.2
Value added 1,299.4 1,310.8
Compensation of general
government employees 1,108.5 1,116.8
Consumption of general
government fixed
capital (2) 190.8 194.0
Intermediate goods and
services purchased (3) 841.1 864.4
Durable goods 54.5 56.2
Nondurable goods 195.3 198.7
Services 591.2 609.5
Less: Own-account investment
(4) 24.0 24.1
Sales to other sectors 324.3 333.2
Federal consumption expenditures (1) 700.3 713.0
Gross output of general
government 709.0 724.1
Value added 392.0 392.8
Compensation of general
government employees 304.6 304.8
Consumption of general
government fixed capital
(2) 87.4 88.0
Intermediate goods and
services purchased (3) 317.0 331.3
Durable goods 31.3 32.8
Nondurable goods 25.4 24.9
Services 260.3 273.6
Less: Own-account investment (4) 4.9 5.0
Sales to other sectors 3.8 6.0
Defense consumption expenditures (1) 473.6 487.1
Gross output of general
government 477.2 491.8
Value added 252.8 253.9
Compensation of general
government employees 189.3 190.0
Consumption of general
government fixed capital
(2) 63.5 63.9
Intermediate goods and
services purchased (3) 224.4 237.9
Durable goods 29.1 30.3
Nondurable goods 13.5 14.4
Services 181.9 193.2
Less: Own-account investment (4) 2.3 2.3
Sales to other sectors 1.3 2.4
Nondefense consumption expenditures
(1) 226.6 226.0
Gross output of general
government 231.7 232.3
Value added 139.2 138.9
Compensation of general
government employees 115.4 114.9
Consumption of general
government fixed capital
(2) 23.9 24.0
Intermediate goods and
services purchased (3) 92.5 93.4
Durable goods 2.3 2.4
Nondurable goods 11.9 10.6
Commodity Credit
Corporation inventory
change -0.6 -1.8
Other nondurable goods 12.5 12.3
Services 78.4 80.4
Less: Own-account investment (4) 2.6 2.7
Sales to other sectors 2.5 3.7
State and local consumption
expenditures (1) 1,091.8 1,104.8
Gross output of general
government 1,431.5 1,451.1
Value added 907.5 918.1
Compensation of general
government employees 803.9 811.9
Consumption of general
government fixed capital
(2) 103.5 106.0
Intermediate goods and
services purchased (3) 524.1 533.1
Durable goods 23.2 23.4
Nondurable goods 169.9 173.8
Services 330.9 335.9
Less: Own-account investment (4) 19.1 19.1
Sales to other sectors 320.5 327.2
Tuition and related
educational charges 71.4 73.6
Health and hospital
charges 159.6 162.9
Other sales 89.5 90.7
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are
valued at their cost of production. Excludes government sales to
other sectors and government own-account investment (construction
and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of
general government fixed assets; the use of depreciation assumes
a zero net return on these assets.
(3.) Includes general government intermediate inputs for goods
and services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related
expenditures for goods and services and is classified as investment
in structures and in software in table 3.9.5.
Table 3.10.6. Real Government Consumption Expenditures and
General Government Gross Output, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Government consumption
expenditures (1) 1 1,519.4 1,563.7
Gross output of general
government 2 1,795.7 1,851.3
Value added 3 1,107.4 1,120.1
Compensation of general
government employees 4 932.5 940.9
Consumption of general
government fixed
capital (2) 5 175.0 179.4
Intermediate goods and
services purchased (3) 6 689.3 733.4
Durable goods 7 47.4 49.7
Nondurable goods 8 167.4 172.2
Services 9 474.3 510.9
Less: Own-account investment
(4) 10 20.8 20.6
Sales to other sectors 11 255.4 266.9
Federal consumption expenditures (1) 12 557.2 594.5
Gross output of general
government 13 565.8 602.6
Value added 14 323.2 331.7
Compensation of general
government employees 15 240.2 247.7
Consumption of general
government fixed capital
(2) 16 82.9 83.7
Intermediate goods and
services purchased (3) 17 243.2 272.2
Durable goods 18 25.7 27.7
Nondurable goods 19 24.5 24.9
Services 20 192.9 219.3
Less: Own-account investment (4) 21 4.1 3.9
Sales to other sectors 22 4.4 4.1
Defense consumption expenditures (1) 23 358.2 390.3
Gross output of general
government 24 361.9 393.5
Value added 25 203.8 209.6
Compensation of general
government employees 26 143.7 148.8
Consumption of general
government fixed capital
(2) 27 60.0 60.5
Intermediate goods and services
purchased (3) 28 158.5 185.3
Durable goods 29 23.4 25.3
Nondurable goods 30 13.1 14.1
Services 31 121.9 145.4
Less: Own-account investment (4) 32 1.9 1.9
Sales to other sectors 33 1.8 1.3
Nondefense consumption expenditures
(1) 34 199.0 204.0
Gross output of general
government 35 203.8 208.9
Value added 36 119.4 122.1
Compensation of general
government employees 37 96.5 98.8
Consumption of general
government fixed capital
(2) 38 22.9 23.3
Intermediate goods and services
purchased (3) 39 84.6 86.9
Durable goods 40 2.3 2.3
Nondurable goods 41 11.3 10.7
Commodity Credit
Corporation inventory
change 42 0.0 -0.2
Other nondurable goods 43 11.2 10.9
Services 44 70.9 73.7
Less: Own-account investment (4) 45 2.2 2.1
Sales to other sectors 46 2.6 2.8
State and local consumption
expenditures (1) 47 962.2 969.0
Gross output of general government 48 1,229.9 1,248.6
Value added 49 784.3 788.3
Compensation of general
government employees 50 692.2 692.9
Consumption of general
government fixed capital
(2) 51 92.1 95.6
Intermediate goods and services
purchased (3) 52 446.1 461.1
Durable goods 53 21.7 22.1
Nondurable goods 54 143.0 147.3
Services 55 281.5 291.7
Less: Own-account investment (4) 56 16.7 16.6
Sales to other sectors 57 250.9 262.8
Tuition and related
educational charges 58 50.1 52.4
Health and hospital
charges 59 124.3 131.1
Other sales 60 76.5 79.2
Residual 61 -0.9 -1.4
Seasonally adjusted at annual
rates
2003 2004
III IV I
Government consumption
expenditures (1) 1,566.9 1,574.8 1,582.4
Gross output of general
government 1,856.6 1,866.0 1,876.4
Value added 1,120.9 1,123.2 1,125.7
Compensation of general
government employees 941.2 942.5 944.0
Consumption of general
government fixed
capital (2) 180.0 181.1 182.2
Intermediate goods and
services purchased (3) 738.0 745.2 753.4
Durable goods 50.3 51.0 51.4
Nondurable goods 172.1 173.4 175.4
Services 515.0 520.2 525.9
Less: Own-account investment
(4) 20.6 20.7 20.7
Sales to other sectors 269.0 270.4 273.2
Federal consumption expenditures (1) 597.9 603.6 610.6
Gross output of general
government 606.3 610.9 617.8
Value added 332.6 332.3 333.8
Compensation of general
government employees 248.5 248.0 249.3
Consumption of general
government fixed capital
(2) 83.9 84.1 84.3
Intermediate goods and
services purchased (3) 275.1 280.2 285.8
Durable goods 28.2 28.7 29.1
Nondurable goods 24.2 24.8 26.2
Services 222.3 226.2 230.2
Less: Own-account investment (4) 3.8 4.1 4.1
Sales to other sectors 4.7 3.2 3.1
Defense consumption expenditures (1) 391.1 401.4 408.5
Gross output of general
government 394.7 404.0 411.3
Value added 210.3 210.4 212.3
Compensation of general
government employees 149.5 149.4 151.1
Consumption of general
government fixed capital
(2) 60.5 60.7 60.8
Intermediate goods and services
purchased (3) 185.7 195.3 200.9
Durable goods 25.8 26.3 26.6
Nondurable goods 12.8 13.1 15.6
Services 146.5 155.3 158.4
Less: Own-account investment (4) 1.8 1.9 2.0
Sales to other sectors 1.8 0.8 0.9
Nondefense consumption expenditures
(1) 206.7 202.0 201.8
Gross output of general
government 211.5 206.6 206.3
Value added 122.2 121.9 121.5
Compensation of general
government employees 98.9 98.5 98.0
Consumption of general
government fixed capital
(2) 23.3 23.4 23.5
Intermediate goods and services
purchased (3) 89.5 84.8 84.9
Durable goods 2.4 2.5 2.5
Nondurable goods 11.3 11.6 10.7
Commodity Credit
Corporation inventory
change -0.3 -0.1 -1.0
Other nondurable goods 11.6 11.7 11.8
Services 75.7 70.7 71.5
Less: Own-account investment (4) 1.9 2.1 2.2
Sales to other sectors 2.9 2.5 2.3
State and local consumption
expenditures (1) 968.8 970.9 971.5
Gross output of general government 1,250.2 1,254.9 1,258.4
Value added 788.2 790.8 791.8
Compensation of general
government employees 692.5 694.2 694.4
Consumption of general
government fixed capital
(2) 96.1 97.0 97.9
Intermediate goods and services
purchased (3) 462.8 465.0 467.6
Durable goods 22.2 22.3 22.4
Nondurable goods 147.9 148.6 149.4
Services 292.8 294.1 295.8
Less: Own-account investment (4) 16.8 16.7 16.6
Sales to other sectors 264.3 267.1 270.0
Tuition and related
educational charges 52.5 52.9 53.5
Health and hospital
charges 132.1 134.1 135.6
Other sales 79.7 80.0 80.8
Residual -1.8 -1.9 -2.4
Seasonally adjusted
at annual rates
2004
II III
Government consumption
expenditures (1) 1,586.2 1,598.3
Gross output of general
government 1,884.3 1,901.3
Value added 1,126.1 1,130.5
Compensation of general
government employees 943.4 946.8
Consumption of general
government fixed
capital (2) 183.3 184.4
Intermediate goods and
services purchased (3) 761.2 774.0
Durable goods 53.5 54.9
Nondurable goods 175.6 175.2
Services 531.6 543.5
Less: Own-account investment
(4) 21.4 21.4
Sales to other sectors 276.5 281.4
Federal consumption expenditures (1) 614.3 623.0
Gross output of general
government 622.0 632.7
Value added 333.3 333.6
Compensation of general
government employees 248.6 248.8
Consumption of general
government fixed capital
(2) 84.5 84.7
Intermediate goods and
services purchased (3) 290.8 301.6
Durable goods 31.0 32.3
Nondurable goods 25.3 24.0
Services 234.1 244.7
Less: Own-account investment (4) 4.2 4.3
Sales to other sectors 3.4 5.4
Defense consumption expenditures (1) 412.5 422.2
Gross output of general
government 415.6 426.2
Value added 211.7 212.4
Compensation of general
government employees 150.5 151.0
Consumption of general
government fixed capital
(2) 61.0 61.1
Intermediate goods and services
purchased (3) 206.1 216.6
Durable goods 28.5 29.6
Nondurable goods 14.5 14.7
Services 162.6 171.7
Less: Own-account investment (4) 2.0 2.0
Sales to other sectors 1.1 2.1
Nondefense consumption expenditures
(1) 201.5 200.4
Gross output of general
government 206.1 206.0
Value added 121.5 121.2
Compensation of general
government employees 98.0 97.6
Consumption of general
government fixed capital
(2) 23.5 23.6
Intermediate goods and services
purchased (3) 84.7 85.0
Durable goods 2.5 2.7
Nondurable goods 10.8 9.5
Commodity Credit
Corporation inventory
change -0.6 -1.6
Other nondurable goods 11.4 11.1
Services 71.2 72.7
Less: Own-account investment (4) 2.2 2.3
Sales to other sectors 2.3 3.4
State and local consumption
expenditures (1) 971.5 974.8
Gross output of general government 1,262.1 1,268.4
Value added 792.7 796.8
Compensation of general
government employees 694.5 697.8
Consumption of general
government fixed capital
(2) 98.7 99.6
Intermediate goods and services
purchased (3) 470.4 472.6
Durable goods 22.6 22.6
Nondurable goods 150.3 151.1
Services 297.6 298.9
Less: Own-account investment (4) 17.2 17.0
Sales to other sectors 273.0 276.0
Tuition and related
educational charges 54.1 54.7
Health and hospital
charges 137.1 138.6
Other sales 81.7 82.6
Residual -2.9 -3.2
(1.) Government consumption expenditures are services (such as
education and national defense) produced by government that are
valued at their cost of production. Excludes government sales to
other sectors and government own-account investment (construction
and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of
general government fixed assets; the use of depreciation assumes
a zero net return on these assets.
(3.) Includes general government intermediate inputs for goods
and services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related
expenditures for goods and services and is classified as investment
in structures and in software in table 3.9.5.
NOTE: Chained (2000) dollar series are calculated as the product
of the chain-type quantity index and the 2000 current-dollar value
of the corresponding series, divided by 100. Beacause the formula
for the chain-type quantity indexes uses weights of more than one
period, the corresponding chained-dollar estimates are usually not
additive. The residual line is the difference between the first
line and the sum of the most detailed lines.
Table 3.11.1. Percent Change From Preceding Period in Real National
Defense Consumption Expenditures and Gross Investment by Type
[Percent]
Line 2002 2003
National defense consumption
expenditures and gross
investment 1 7.7 9.0
Consumption expenditures (1) 2 7.2 9.0
Gross output of general
government 3 7.2 8.7
Value added 4 1.9 2.8
Compensation of general
government employees 5 2.7 3.6
Military 6 3.7 5.4
Civilian 7 0.7 -0.2
Consumption of general govern-
ment fixed capital (2) 8 -0.2 0.7
Intermediate goods and services
purchased (3) 9 15.4 16.9
Durable goods 10 4.2 8.2
Aircraft 11 0.8 5.2
Missiles 12 -5.2 5.0
Ships 13 5.9 -1.9
Vehicles 14 -1.6 7.8
Electronics 15 8.6 19.7
Other durable goods 16 13.7 10.8
Nondurable goods 17 20.0 8.0
Petroleum products 18 29.3 -4.4
Ammunition 19 23.3 2.0
Other nondurable goods 20 9.3 25.2
Services 21 17.2 19.2
Research and development 22 25.4 19.4
Installation support 23 9.3 10.2
Weapons support 24 14.9 17.3
Personnel support 25 21.7 19.6
Transportation of material 26 8.8 72.7
Travel of persons 27 -0.1 17.6
Less: Own-account investment (4) 28 34.6 -2.5
Sales to other sectors 29 -8.2 -27.2
Gross investments (5) 30 11.3 8.9
Structures 31 -5.8 15.8
Equipment and software 32 13.1 8.3
Aircratt 33 14.3 -0.5
Missiles 34 -3.8 3.9
Ships 35 19.6 8.4
Vehicles 36 34.5 20.8
Electronics and software 37 3.2 8.7
Other equipment 38 16.6 11.8
Seasonally adjusted
at annual rates
2003
III IV
National defense consumption
expenditures and gross
investment -7.7 11.6
Consumption expenditures (1) -9.5 10.9
Gross output of general
government -9.4 9.7
Value added 0.9 0.1
Compensation of general
government employees 0.9 -0.3
Military -1.4 -2.6
Civilian 6.3 5.1
Consumption of general govern-
ment fixed capital (2) 1.0 1.2
Intermediate goods and services
purchased (3) -20.4 22.5
Durable goods -8.8 7.5
Aircraft -32.4 32.2
Missiles -2.5 74.3
Ships 10.1 -29.3
Vehicles -0.9 3.6
Electronics 53.6 -34.4
Other durable goods 0.9 -9.3
Nondurable goods -55.6 8.7
Petroleum products -89.2 -17.6
Ammunition 10.4 3.9
Other nondurable goods -17.3 30.7
Services -18.4 26.3
Research and development -54.6 94.1
Installation support 4.1 2.4
Weapons support -6.7 18.1
Personnel support 2.9 20.7
Transportation of material 2.6 -33.4
Travel of persons 92.0 -28.1
Less: Own-account investment (4) -17.8 19.3
Sales to other sectors 20.5 -96.7
Gross investments (5) 6.5 16.8
Structures 71.8 -3.5
Equipment and software 1.7 19.0
Aircratt -31.0 118.8
Missiles 81.9 211.6
Ships -1.0 -25.2
Vehicles -28.6 -46.0
Electronics and software 46.4 24.5
Other equipment -2.2 1.1
Seasonally adjusted at
annual rates
2004
I II III
National defense consumption
expenditures and gross
investment 10.6 1.9 9.8
Consumption expenditures (1) 7.2 4.1 9.7
Gross output of general
government 7.4 4.3 10.6
Value added 3.7 -1.1 1.2
Compensation of general
government employees 4.6 -1.8 1.4
Military 6.8 -3.8 -2.8
Civilian 0.0 2.9 11.3
Consumption of general gove-
rnment fixed capital (2) 0.8 1.0 0.6
Intermediate goods and services
purchased (3) 11.9 10.8 21.9
Durable goods 5.1 31.4 16.8
Aircraft -25.5 33.3 31.1
Missiles -37.8 144.4 18.8
Ships -10.7 112.0 34.7
Vehicles -16.1 -23.0 3.1
Electronics 71.1 19.0 37.2
Other durable goods 78.9 3.0 -13.4
Nondurable goods 101.4 -24.8 4.5
Petroleum products 609.8 -76.5 -9.9
Ammunition 72.1 12.3 20.3
Other nondurable goods 4.4 22.2 5.6
Services 8.3 11.1 24.2
Research and development 7.4 13.2 5.7
Installation support -0.6 2.6 21.0
Weapons support 30.9 22.7 63.8
Personnel support 9.5 11.9 27.7
Transportation of material 3.9 2.6 45.7
Travel of persons 4.3 16.4 41.6
Less: Own-account investment (4) 8.4 3.1 2.4
Sales to other sectors 88.2 171.7 992.9
Gross investments (5) 37.2 -12.0 10.6
Structures 14.2 -58.1 43.0
Equipment and software 39.7 -6.2 8.3
Aircratt 130.4 -10.3 -29.5
Missiles -47.1 -28.2 74.4
Ships 12.9 -41.9 137.9
Vehicles 32.8 72.2 -58.6
Electronics and software 38.1 -2.5 47.6
Other equipment 43.9 11.4 -17.4
(1.) National defense consumption expenditures are defense services
produced by government that are valued at their cost of production.
Excludes government sales to other sectors and government own-account
investment (construction and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of general
government fixed assets; the use of depreciation assumes a zero net
return on these assets.
(3.) Includes general government intermediate inputs for goods and
services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related expenditures
for goods and services and is classified as investment in structures
and in software.
(5.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.11.3. Real National Defense Consumption Expenditures
and Gross Investment by Type, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
National defense
consumption
expenditures and gross
investment 1 111.972 122.014
Consumption expenditures (1) 2 111.415 121.413
Gross output of general
government 3 111.506 121.241
Value added 4 102.319 105.213
Compensation of general
government employees 5 103.405 107.114
Military 6 105.789 111.549
Civilian 7 99.037 98.811
Consumption of general
government fixed
capital (2) 8 99.662 100.394
Intermediate goods and
services purchased (3) 9 126.415 147.732
Durable goods 10 105.076 113.683
Aircraft 11 99.391 104.592
Missiles 12 102.539 107.630
Ships 13 97.835 95.963
Vehicles 14 103.664 111.719
Electronics 15 112.980 135.274
Other durable goods 16 115.249 127.652
Nondurable goods 17 125.674 135.682
Petroleum products 18 157.717 150.793
Ammunition 19 140.870 143.752
Other nondurable goods 20 94.890 118.810
Services 21 131.519 156.815
Research and
development 22 143.532 171.371
Installation support 23 116.323 128.167
Weapons support 24 140.473 164.753
Personnel support 25 140.261 167.716
Transportation of
material 26 115.279 199.089
Travel of persons 27 100.141 117.803
Less: Own-account investment (4) 28 171.620 167.268
Sales to other sectors 29 91.665 66.691
Gross investment (5) 30 115.863 126.207
Structures 31 83.850 97.119
Equipment and software 32 119.674 129.629
Aircraft 33 133.452 132.780
Missiles 34 122.091 126.818
Ships 35 131.025 142.087
Vehicles 36 137.608 166.266
Electronics and software 37 102.235 111.127
Other equipment 38 116.547 130.311
Seasonally adjusted
2003
III IV
National defense
consumption
expenditures and gross
investment 122.368 125.765
Consumption expenditures (1) 121.665 124.845
Gross output of general
government 121.613 124.474
Value added 105.608 105.638
Compensation of general
government employees 107.616 107.548
Military 112.318 111.592
Civilian 98.803 100.043
Consumption of general
government fixed
capital (2) 100.497 100.798
Intermediate goods and
services purchased (3) 148.048 155.761
Durable goods 115.821 117.936
Aircraft 102.036 109.414
Missiles 108.008 124.097
Ships 100.751 92.376
Vehicles 111.756 112.755
Electronics 150.098 135.105
Other durable goods 132.775 129.588
Nondurable goods 122.903 125.506
Petroleum products 108.016 102.911
Ammunition 153.619 155.105
Other nondurable goods 117.538 125.679
Services 157.996 167.486
Research and
development 161.913 191.116
Installation support 131.782 132.563
Weapons support 172.132 179.428
Personnel support 172.015 180.312
Transportation of
material 204.489 184.764
Travel of persons 130.999 120.612
Less: Own-account investment (4) 161.458 168.728
Sales to other sectors 90.300 38.529
Gross investment (5) 127.318 132.347
Structures 104.214 103.291
Equipment and software 129.975 135.754
Aircraft 119.763 145.663
Missiles 125.542 166.794
Ships 148.899 138.478
Vehicles 160.177 137.332
Electronics and software 114.790 121.253
Other equipment 132.975 133.352
Seasonally adjusted
2004
I II III
National defense
consumption
expenditures and gross
investment 128.984 129.582 132.653
Consumption expenditures (1) 127.048 128.318 131.327
Gross output of general
government 126.708 128.048 131.320
Value added 106.591 106.301 106.623
Compensation of general
government employees 108.771 108.288 108.672
Military 113.440 112.340 111.534
Civilian 100.040 100.766 103.489
Consumption of general
government fixed
capital (2) 100.999 101.250 101.403
Intermediate goods and
services purchased (3) 160.198 164.371 172.724
Durable goods 119.400 127.831 132.894
Aircraft 101.661 109.231 116.878
Missiles 110.217 137.806 143.876
Ships 89.795 108.355 116.729
Vehicles 107.907 101.092 101.857
Electronics 154.512 161.392 174.659
Other durable goads 149.875 150.994 145.645
Nondurable goods 149.517 139.245 140.790
Petroleum products 167.973 116.957 113.947
Ammunition 177.661 182.885 191.542
Other nondurable goods 127.036 133.556 135.392
Services 170.845 175.414 185.170
Research and
development 194.564 200.693 203.492
Installation support 132.357 133.215 139.719
Weapons support 191.934 202.007 228.546
Personnel support 184.456 189.727 201.687
Transportation of
material 186.555 187.749 206.256
Travel of persons 121.877 126.593 138.083
Less: Own-account investment (4) 172.179 173.507 174.531
Sales to other sectors 45.129 57.942 105.352
Gross investment (5) 143.249 138.750 142.276
Structures 106.774 85.912 93.944
Equipment and software 147.586 145.229 148.144
Aircraft 179.462 174.633 160.005
Missiles 142.215 130.917 150.448
Ships 142.752 124.614 154.757
Vehicles 147.426 168.890 135.487
Electronics and software 131.451 130.637 143.994
Other equipment 146.064 150.068 143.065
(1.) National defense consumption expenditures are defense services
produced by government that are valued at their cost of production.
Excludes government sales to other sectors and government own-account
investment (construction and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of general
government fixed assets; the use of depreciation assumes a zero net
return on these assets.
(3.) Includes general government intermediate inputs for goods and
services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related expenditures
for goods and services and is classified as investment in structures
and in software.
(5.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.11.4. Price Indexes for National Defense Consumption
Expenditures and Gross Investment by Type
[Index numbers, 2000=100]
Line 2002 2003
National defense
consumption
expenditures and gross
investment 1 105.488 109.875
Consumption expenditures (1) 2 106.641 111.711
Gross output of general
government 3 106.660 111.718
Value added 4 109.070 115.800
Compensation of general
government employees 5 112.476 121.750
Military 6 113.851 125.391
Civilian 7 109.895 114.687
Consumption of general
government fixed
capital (2) 8 101.083 101.656
Intermediate goods and
services purchased (3) 9 103.294 106.317
Durable goods 10 100.384 100.997
Aircraft 11 100.818 102.498
Missiles 12 101.857 102.721
Ships 13 100.507 101.044
Vehicles 14 105.552 107.874
Electronics 15 96.359 94.449
Other durable goads 16 100.398 100.427
Nondurable goods 17 87.924 92.286
Petroleum products 18 71.667 80.162
Ammunition 19 99.531 100.644
Other nondurable goods 20 101.615 102.121
Services 21 105.585 108.911
Research and
development 22 103.485 105.616
Installation support 23 105.087 109.028
Weapons support 24 104.769 107.093
Personnel support 25 107.579 110.995
Transportation of
material 26 108.443 117.812
Travel of persons 27 109.736 113.280
Less: Own-account investment (4) 28 107.801 111.450
Sales to other sectors 29 109.093 112.690
Gross investment (5) 30 97.989 98.039
Structures 31 106.538 109.206
Equipment and software 32 97.161 96.995
Aircraft 33 90.679 90.459
Missiles 34 96.399 98.230
Ships 35 100.494 101.715
Vehicles 36 97.727 97.973
Electronics and software 37 94.912 92.043
Other equipment 38 100.882 101.242
Seasonally adjusted
2003
III IV
National defense
consumption
expenditures and gross
investment 109.917 110.278
Consumption expenditures (1) 111.750 112.169
Gross output of general
government 111.758 112.176
Value added 115.923 116.198
Compensation of general
government employees 121.788 122.248
Military 125.389 126.004
Civilian 114.788 114.924
Consumption of general
government fixed
capital (2) 101.986 101.807
Intermediate goods and
services purchased (3) 106.264 106.835
Durable goods 100.936 101.107
Aircraft 102.825 102.850
Missiles 101.902 102.875
Ships 100.906 101.513
Vehicles 106.221 109.399
Electronics 94.316 93.837
Other durable goads 100.336 100.321
Nondurable goods 87.608 88.725
Petroleum products 69.662 72.589
Ammunition 100.894 101.782
Other nondurable goods 102.136 101.936
Services 109.338 109.924
Research and
development 105.795 106.309
Installation support 109.224 110.277
Weapons support 107.408 107.953
Personnel support 111.361 112.114
Transportation of
material 121.388 118.469
Travel of persons 112.909 115.354
Less: Own-account investment (4) 111.849 112.045
Sales to other sectors 112.758 112.916
Gross investment (5) 98.092 98.093
Structures 109.443 110.188
Equipment and software 97.034 96.968
Aircraft 91.060 90.130
Missiles 98.330 99.270
Ships 101.524 102.536
Vehicles 97.719 100.173
Electronics and software 91.929 90.781
Other equipment 101.227 101.203
Seasonally adjusted
2004
I II III
National defense
consumption
expenditures and gross
investment 111.825 112.790 113.295
Consumption expenditures (1) 113.879 114.805 115.361
Gross output of general
government 113.892 114.816 115.373
Value added 118.994 119.390 119.563
Compensation of general
government employees 125.775 125.783 125.806
Military 129.299 129.354 129.366
Civilian 118.932 118.845 118.887
Consumption of general
government fixed
capital (2) 102.808 104.167 104.710
Intermediate goods and
services purchased (3) 107.385 108.850 109.787
Durable goods 101.463 102.108 102.517
Aircraft 103.364 103.842 104.363
Missiles 103.552 104.118 104.485
Ships 102.404 103.908 104.774
Vehicles 111.923 113.341 114.010
Electronics 93.482 93.823 93.830
Other durable goads 100.376 101.230 101.634
Nondurable goods 83.809 93.055 97.958
Petroleum products 56.668 80.237 95.522
Ammunition 105.265 107.690 108.587
Other nondurable goods 103.126 103.283 103.308
Services 111.033 111.901 112.587
Research and
development 107.110 107.945 108.750
Installation support 112.196 113.184 114.247
Weapons support 108.774 109.449 110.061
Personnel support 113.528 114.161 114.593
Transportation of
material 117.581 119.417 120.549
Travel of persons 115.906 117.383 116.450
Less: Own-account investment (4) 114.511 115.261 116.403
Sales to other sectors 115.501 116.169 116.290
Gross investment (5) 98.642 99.832 100.019
Structures 111.347 113.915 116.607
Equipment and software 97.466 98.551 98.564
Aircraft 90.440 90.846 89.748
Missiles 98.209 99.861 99.565
Ships 106.021 110.921 112.440
Vehicles 99.387 98.910 97.992
Electronics and software 90.355 90.161 89.679
Other equipment 101.510 102.368 102.904
(1.) National defense consumption expenditures are defense services
produced by government that are valued at their cost of production.
Excludes government sales to other sectors and government own-account
investment (construction and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of
general government fixed assets; the use of depreciation assumes a
zero net return on these assets.
(3.) Includes general government intermediate inputs for goods and
services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related expenditures
for goods and services and is classified as investment in structures
and in software.
(5.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.11.5. National Defense Consumption Expenditures and
Gross Investment by Type
[Billions of dollars]
Line 2002 2003
National defense
consumption
expenditures and gross
investment 1 437.4 496.4
Consumption expenditures (1) 2 382.0 436.1
Gross output of general
government 3 386.0 439.6
Value added 4 222.3 242.7
Compensation of general
government employees 5 161.6 181.2
Military 6 107.7 125.1
Civilian 7 53.9 56.1
Consumption of general
government fixed
capital (2) 8 60.7 61.5
Intermediate goods and
services purchased (3) 9 163.8 197.0
Durable goods 10 23.5 25.6
Aircraft 11 9.8 10.5
Missiles 12 2.6 2.7
Ships 13 1.3 1.3
Vehicles 14 0.8 0.9
Electronics 15 3.2 3.7
Other durable goods 16 5.8 6.4
Nondurable goods 17 11.5 13.1
Petroleum products 18 4.6 4.9
Ammunition 19 2.5 2.6
Other nondurable goods 20 4.4 5.5
Services 21 128.8 158.4
Research and
development 22 39.0 47.6
Installation support 23 30.5 34.8
Weapons support 24 14.1 16.9
Personnel support 25 34.6 42.7
Transportation of
material 26 5.4 10.1
Travel of persons 27 5.2 6.3
Less: Own-account investment (4) 28 2.1 2.1
Sales to other sectors 29 1.9 1.5
Gross investment (5) 30 55.4 60.4
Structures 31 4.4 5.3
Equipment and software 32 51.0 55.1
Aircraft 33 9.4 9.3
Missiles 34 3.2 3.4
Ships 35 8.7 9.5
Vehicles 36 2.5 3.0
Electronics and software 37 9.8 10.3
Other equipment 38 17.5 19.6
Seasonally adjusted
at annual rates
2003
III IV
National defense
consumption
expenditures and gross
investment 498.1 513.6
Consumption expenditures (1) 437.1 450.2
Gross output of general
government 441.1 453.2
Value added 243.8 244.5
Compensation of general
government employees 182.1 182.7
Military 125.9 125.7
Civilian 56.2 56.9
Consumption of general
government fixed
capital (2) 61.7 61.8
Intermediate goods and
services purchased (3) 197.3 208.7
Durable goods 26.0 26.5
Aircraft 10.3 11.1
Missiles 2.7 3.1
Ships 1.3 1.2
Vehicles 0.9 1.0
Electronics 4.1 3.7
Other durable goods 6.6 6.5
Nondurable goods 11.2 11.6
Petroleum products 2.9 2.9
Ammunition 2.8 2.9
Other nondurable goods 5.5 5.8
Services 160.1 170.6
Research and
development 45.0 53.4
Installation support 35.9 36.4
Weapons support 17.7 18.6
Personnel support 43.9 46.4
Transportation of
material 10.7 9.4
Travel of persons 6.9 6.5
Less: Own-account investment (4) 2.0 2.1
Sales to other sectors 2.0 0.8
Gross investment (5) 61.0 63.4
Structures 5.7 5.7
Equipment and software 55.3 57.7
Aircraft 8.5 10.2
Missiles 3.3 4.4
Ships 10.0 9.3
Vehicles 2.9 2.5
Electronics and software 10.7 11.1
Other equipment 20.0 20.1
Seasonally adjusted at
annual rates
2004
I II III
National defense
consumption
expenditures and gross
investment 534.1 541.2 556.6
Consumption expenditures (1) 465.2 473.6 487.1
Gross output of general
government 468.4 477.2 491.8
Value added 252.6 252.8 253.9
Compensation of general
government employees 190.1 189.3 190.0
Military 131.2 129.9 129.0
Civilian 58.9 59.3 60.9
Consumption of general
government fixed
capital (2) 62.5 63.5 63.9
Intermediate goods and
services purchased (3) 215.8 224.4 237.9
Durable goods 27.0 29.1 30.3
Aircraft 10.3 11.1 12.0
Missiles 2.8 3.5 3.7
Ships 1.2 1.5 1.6
Vehicles 0.9 0.9 0.9
Electronics 4.2 4.4 4.8
Other durable goods 7.5 7.6 7.4
Nondurable goods 13.0 13.5 14.4
Petroleum products 3.7 3.6 4.2
Ammunition 3.4 3.6 3.8
Other nondurable goods 6.0 6.3 6.4
Services 175.8 181.9 193.2
Research and
development 54.7 56.9 58.1
Installation support 37.0 37.6 39.8
Weapons support 20.0 21.2 24.1
Personnel support 48.0 49.7 53.0
Transportation of
material 9.4 9.6 10.7
Travel of persons 6.6 7.0 7.5
Less: Own-account investment (4) 2.2 2.3 2.3
Sales to other sectors 1.0 1.3 2.4
Gross investment (5) 69.0 67.6 69.5
Structures 5.9 4.9 5.4
Equipment and software 63.1 62.8 64.0
Aircraft 12.6 12.3 11.1
Missiles 3.8 3.5 4.0
Ships 10.0 9.1 11.5
Vehicles 2.7 3.1 2.4
Electronics and software 12.0 11.9 13.1
Other equipment 22.1 22.8 21.9
(1.) National defense consumption expenditures are defense services
produced by government that are valued at their cost of production.
Excludes government sales to other sectors and government own-account
investment (construction and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of general
government fixed assets; the use of depreciation assumes a zero net
return on these assets.
(3.) Includes general government intermediate inputs for goods and
services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related expenditures
for goods and services and is classified as investment in structures
and in software.
(5.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
Table 3.11.6. Real National Defense Consumption Expenditures and
Gross Investment by Type, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
National defense
consumption
expenditures and gross
investment 1 414.6 451.8
Consumption expenditures (1) 2 358.2 390.3
Gross output of general
government 3 361.9 393.5
Value added 4 203.8 209.6
Compensation of general
government employees 5 143.7 148.8
Military 6 94.6 99.8
Civilian 7 49.0 48.9
Consumption of general
government fixed
capital (2) 8 60.0 60.5
Intermediate goods and
services purchased (3) 9 158.5 185.3
Durable goods 10 23.4 25.3
Aircraft 11 9.8 10.3
Missiles 12 2.5 2.6
Ships 13 1.3 1.3
Vehicles 14 0.8 0.9
Electronics 15 3.3 4.0
Other durable goods 16 5.7 6.3
Nondurable goods 17 13.1 14.1
Petroleum products 18 6.4 6.1
Ammunition 19 2.6 2.6
Other nondurable goods 20 4.3 5.4
Services 21 121.9 145.4
Research and
development 22 37.7 45.0
Installation support 23 29.0 31.9
Weapons support 24 13.5 15.8
Personnel support 25 32.2 38.5
Transportation of
material 26 5.0 8.6
Travel of persons 27 4.7 5.5
Less: Own-account investment (4) 28 1.9 1.9
Sales to other sectors 29 1.8 1.3
Gross investment (5) 30 56.6 61.6
Structures 31 4.2 4.8
Equipment and software 32 52.5 56.8
Aircraft 33 10.4 10.3
Missiles 34 3.3 3.4
Ships 35 8.6 9.4
Vehicles 36 2.5 3.0
Electronics and software 37 10.3 11.2
Other equipment 38 17.3 19.4
Residual 39 -0.7 -0.5
Seasonally adjusted
at annual rates
2003
III IV
National defense
consumption
expenditures and gross
investment 453.1 465.7
Consumption expenditures (1) 391.1 401.4
Gross output of general
government 394.7 404.0
Value added 210.3 210.4
Compensation of general
government employees 149.5 149.4
Military 100.4 99.8
Civilian 48.9 49.5
Consumption of general
government fixed
capital (2) 60.5 60.7
Intermediate goods and
services purchased (3) 185.7 195.3
Durable goods 25.8 26.3
Aircraft 10.0 10.8
Missiles 2.6 3.0
Ships 1.3 1.2
Vehicles 0.9 0.9
Electronics 4.4 3.9
Other durable goods 6.6 6.4
Nondurable goods 12.8 13.1
Petroleum products 4.4 4.2
Ammunition 2.8 2.8
Other nondurable goods 5.4 5.7
Services 146.5 155.3
Research and
development 42.5 50.2
Installation support 32.8 33.0
Weapons support 16.5 17.2
Personnel support 39.5 41.4
Transportation of
material 8.8 7.9
Travel of persons 6.1 5.7
Less: Own-account investment (4) 1.8 1.9
Sales to other sectors 1.8 0.8
Gross investment (5) 62.1 64.6
Structures 5.2 5.1
Equipment and software 57.0 59.5
Aircraft 9.3 11.3
Missiles 3.4 4.5
Ships 9.8 9.1
Vehicles 2.9 2.5
Electronics and software 11.6 12.3
Other equipment 19.8 19.8
Residual 0.3 -0.5
Seasonally adjusted at
annual rates
2004
I II III
National defense
consumption
expenditures and gross
investment 477.6 479.9 491.2
Consumption expenditures (1) 408.5 412.5 422.2
Gross output of general
government 411.3 415.6 426.2
Value added 212.3 211.7 212.4
Compensation of general
government employees 151.1 150.5 151.0
Military 101.4 100.5 99.7
Civilian 49.5 49.9 51.2
Consumption of general
government fixed
capital (2) 60.8 61.0 61.1
Intermediate goods and
services purchased (3) 200.9 206.1 216.6
Durable goods 26.6 28.5 29.6
Aircraft 10.0 10.7 11.5
Missiles 2.7 3.4 3.5
Ships 1.2 1.4 1.5
Vehicles 0.8 0.8 0.8
Electronics 4.5 4.7 5.1
Other durable goods 7.5 7.5 7.2
Nondurable goods 15.6 14.5 14.7
Petroleum products 6.8 4.7 4.6
Ammunition 3.2 3.3 3.5
Other nondurable goods 5.8 6.1 6.2
Services 158.4 162.6 171.7
Research and
development 51.1 52.7 53.5
Installation support 33.0 33.2 34.8
Weapons support 18.4 19.4 21.9
Personnel support 42.3 43.5 46.3
Transportation of
material 8.0 8.1 8.9
Travel of persons 5.7 5.9 6.5
Less: Own-account investment (4) 2.0 2.0 2.0
Sales to other sectors 0.9 1.1 2.1
Gross investment (5) 69.9 67.7 69.4
Structures 5.3 4.3 4.7
Equipment and software 64.7 63.7 65.0
Aircraft 13.9 13.5 12.4
Missiles 3.8 3.5 4.0
Ships 9.4 8.2 10.2
Vehicles 2.7 3.1 2.5
Electronics and software 13.3 13.2 14.6
Other equipment 21.7 22.3 21.3
Residual -2.3 -1.9 -2.2
(1.) National defense consumption expenditures are defense services
produced by government that are valued at their cost of production.
Excludes government sales to other sectors and government own-account
investment (construction and software).
(2.) Consumption of fixed capital, or depreciation, is included in
government gross output as a partial measure of the services of
general government fixed assets; the use of depreciation assumes a
zero net return on these assets.
(3.) Includes general government intermediate inputs for goods and
services sold to other sectors and for own-account investment.
(4.) Own-account investment is measured in current dollars by
compensation of general government employees and related expenditures
for goods and services and is classified as investment in structures
and in software.
(5.) Gross government investment consists of general government and
government enterprise expenditures for fixed assets; inventory
investment is included in government consumption expenditures.
NOTE: Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of
the most detailed lines.
4. Foreign Transactions
Table 4.1. Foreign Transactions in the National Income and
Product Accounts
[Billions of dollars]
Line 2002 2003
Current receipts from the rest
of the world 1 1,306.8 1,375.2
Exports of goods and services 2 1,005.0 1,046.2
Goods (1) 3 697.0 726.4
Durable 4 486.9 497.1
Nondurable 5 210.1 229.3
Services (1) 6 308.0 319.8
Income receipts 7 301.8 329.0
Wage and salary receipts 8 2.9 3.0
Income receipts on assets 9 298.8 326.0
Interest 10 92.8 75.3
Dividends 11 85.4 82.1
Reinvested earnings on U.S.
direct investment abroad 12 120.6 168.6
Current payments to the rest
of the world 13 1,764.4 1,886.1
Imports of goods and services 14 1,429.9 1,544.3
Goods (1) 15 1,189.6 1,282.0
Durable 16 770.1 800.2
Nondurable 17 419.5 481.8
Services (1) 18 240.2 262.3
Income payments 19 274.7 273.9
Wage and salary receipts 20 8.4 8.5
Income receipts on assets 21 266.3 265.4
Interest 22 218.1 191.5
Dividends 23 42.8 61.6
Reinvested earnings on foreign
direct investment in the
United States 24 5.4 12.2
Current taxes and transfer
payments to the rest of the
world (net) 25 59.8 67.9
From persons (net) 26 35.7 38.2
From government (net) 27 14.4 18.4
From business (net) 28 9.7 11.3
Balance on current account,
NIPAs 29 -457.7 -510.9
Addenda:
Net lending or net borrowing
(-), NIPAs 30 -458.9 -514.0
Balance on current account,
NIPAs 31 -457.7 -510.9
Less: Capital account
transactions (net) (2) 32 1.3 3.1
Seasonally adjusted
at annual rates
2003
III IV
Current receipts from the rest
of the world 1,377.5 1,471.0
Exports of goods and services 1,047.7 1,099.2
Goods (1) 725.9 761.3
Durable 496.4 523.7
Nondurable 229.6 237.6
Services (1) 321.7 337.9
Income receipts 329.8 371.8
Wage and salary receipts 3.1 3.2
Income receipts on assets 326.7 368.6
Interest 73.6 75.3
Dividends 83.4 81.9
Reinvested earnings on U.S.
direct investment abroad 169.7 211.5
Current payments to the rest
of the world 1,881.7 1,957.6
Imports of goods and services 1,536.4 1,602.0
Goods (1) 1,270.3 1,326.4
Durable 792.3 840.0
Nondurable 478.0 486.4
Services (1) 266.1 275.6
Income payments 278.0 284.6
Wage and salary receipts 8.5 8.7
Income receipts on assets 269.7 276.0
Interest 190.1 198.4
Dividends 50.3 57.0
Reinvested earnings on foreign
direct investment in the
United States 29.4 20.6
Current taxes and transfer
payments to the rest of the
world (net) 67.1 71.0
From persons (net) 36.5 41.6
From government (net) 18.7 15.8
From business (net) 11.9 13.6
Balance on current account,
NIPAs -504.3 -486.6
Addenda:
Net lending or net borrowing
(-), NIPAs -507.5 -487.8
Balance on current account,
NIPAs -504.3 -486.6
Less: Capital account
transactions (net) (2) 3.3 1.2
Seasonally adjusted at
annual rates
2004
I II III
Current receipts from the rest
of the world 1,508.2 1,555.6 1,595.0
Exports of goods and services 1,134.3 1,167.6 1,190.1
Goods (1) 790.3 812.2 832.6
Durable 541.7 556.2 572.8
Nondurable 248.6 256.0 259.8
Services (1) 344.1 355.4 357.6
Income receipts 373.8 388.0 404.8
Wage and salary receipts 3.0 3.0 3.0
Income receipts on assets 370.8 385.1 401.8
Interest 71.8 79.5 89.9
Dividends 101.0 106.0 99.1
Reinvested earnings on U.S.
direct investment abroad 198.0 199.6 212.8
Current payments to the rest
of the world 2,065.2 2,185.7 2,227.1
Imports of goods and services 1,681.2 1,758.9 1,806.8
Goods (1) 1,399.2 1,470.1 1,508.6
Durable 870.3 924.8 942.7
Nondurable 528.9 545.3 565.9
Services (1) 282.0 288.8 298.2
Income payments 300.3 351.9 361.2
Wage and salary receipts 8.6 9.1 9.2
Income receipts on assets 291.6 342.8 352.0
Interest 198.0 222.6 234.2
Dividends 65.0 53.3 52.0
Reinvested earnings on foreign
direct investment in the
United States 28.6 67.0 65.8
Current taxes and transfer
payments to the rest of the
world (net) 83.8 74.9 59.1
From persons (net) 41.7 42.1 42.5
From government (net) 28.0 17.6 16.4
From business (net) 14.1 15.2 0.2
Balance on current account,
NIPAs -557.0 -630.1 -632.1
Addenda:
Net lending or net borrowing
(-), NIPAs -558.4 -631.2
Balance on current account,
NIPAs -557.0 -630.1 -632.1
Less: Capital account
transactions (net) (2) 1.4 1.1
(1.) Exports and imports of certain goods, primarily military equipment
purchased and sold by the Federal Government, are included in services.
Beginning with 1986, repairs and alterations of equipment are
reclassified from goods to services.
(2.) Consists of capital transfers and the acquisition and disposal of
nonproduced nonfinancial assets.
Table 4.2.1. Percent Change From Preceding Period in Real Exports and
in Real Imports of Goods and Services by Type of Product
[Percent]
Line 2002 2003
Exports of goods and
services 1 -2.3 1.9
Exports of goods (1) 2 -4.1 2.2
Foods, feeds, and beverages 3 -2.0 1.7
Industrial supplies and
materials 4 0.3 2.6
Durable goods 5 -6.5 2.6
Nondurable goods 6 4.3 2.5
Capital goods, except
automotive 7 -8.7 2.2
Civilian aircraft, engines, and
parts 8 -6.7 -10.8
Computers, peripherals, and
parts 9 -13.6 6.1
Other 10 -8.1 4.9
Automotive vehicles, engines,
and parts 11 4.1 1.5
Consumer goods, except
automotive 12 -4.0 6.0
Durable goods 13 -5.0 4.4
Nondurable goods 14 -2.9 7.7
Other 15 -2.0 -5.8
Exports of services (1) 16 1.8 1.4
Transfers under U.S. military
agency sales contracts 17 -3.2 4.9
Travel 18 6.4 -5.2
Passenger fares 19 -7.5 -17.7
Other transportation 20 2.5 3.1
Royalties and license fees 21 7.2 7.0
Other private services 22 7.3 6.1
Other 23 -3.4 -8.9
Imports of goods and
services 24 3.4 4.4
Imports of goods (1) 25 3.7 4.7
Foods, feeds, and beverages 26 5.3 7.7
Industrial supplies and
materials, except petroleum
and products 27 2.9 1.6
Durable goods 28 5.2 1.1
Nondurable goods 29 0.6 2.1
Petroleum and products 30 -2.5 6.4
Capital goods, except
automotive 31 -1.6 6.0
Civilian aircraft, engines, and
parts 32 -19.5 -5.9
Computers, peripherals, and
parts 33 10.3 9.0
Other 34 -3.0 6.4
Automotive vehicles, engines,
and parts 35 7.0 2.6
Consumer goods, except
automotive 36 9.4 8.7
Durable goods 37 11.4 7.3
Nondurable goods 38 7.3 10.1
Other 39 3.9 -7.0
Imports of services (1) 40 1.9 3.1
Direct defense expenditures 41 24.0 12.1
Travel 42 -6.4 -9.1
Passenger fares 43 -15.8 2.8
Other transportation 44 2.5 3.2
Royalties and license fees 45 14.7 2.2
Other private services 46 6.8 11.1
Other 47 0.2 -2.1
Addenda:
Exports of durable goods 48 -6.0 2.0
Exports of nondurable goods 49 0.7 2.5
Exports of agricultural goods (2) 50 -2.5 1.3
Exports of nonagricultural
goods 51 -4.2 2.2
Imports of durable goods 52 4.1 4.1
Imports of nondurable goods 53 2.9 5.7
Imports of nonpetroleum goods 54 4.3 4.5
Seasonally adjusted
at annual rates
2003
III IV
Exports of goods and
services 11.3 17.5
Exports of goods (1) 10.1 16.1
Foods, feeds, and beverages 10.5 -6.0
Industrial supplies and
materials 5.2 5.2
Durable goods -7.5 6.1
Nondurable goods 12.5 4.8
Capital goods, except
automotive 17.2 31.0
Civilian aircraft, engines, and
parts 23.2 42.1
Computers, peripherals, and
parts 38.2 19.8
Other 12.3 30.8
Automotive vehicles, engines,
and parts -7.7 14.8
Consumer goods, except
automotive 11.0 11.3
Durable goods 16.1 21.6
Nondurable goods 5.9 1.2
Other 17.7 7.3
Exports of services (1) 14.1 20.6
Transfers under U.S. military
agency sales contracts 40.6 9.1
Travel 55.8 49.7
Passenger fares 48.4 20.4
Other transportation -1.5 41.3
Royalties and license fees 6.1 9.0
Other private services 2.4 11.3
Other -8.0 -2.2
Imports of goods and
services 2.8 17.1
Imports of goods (1) 0.0 18.4
Foods, feeds, and beverages 3.4 18.9
Industrial supplies and
materials, except petroleum
and products 12.1 0.7
Durable goods 0.2 21.7
Nondurable goods 24.0 -15.8
Petroleum and products 0.6 16.5
Capital goods, except
automotive 2.8 26.0
Civilian aircraft, engines, and
parts -18.9 67.0
Computers, peripherals, and
parts 12.0 34.2
Other 2.2 18.7
Automotive vehicles, engines,
and parts -8.6 21.7
Consumer goods, except
automotive 1.7 21.9
Durable goods 8.6 33.2
Nondurable goods -5.1 10.8
Other -19.8 11.8
Imports of services (1) 17.9 11.1
Direct defense expenditures 8.8 11.5
Travel 61.2 7.7
Passenger fares 66.9 12.4
Other transportation -9.9 5.7
Royalties and license fees 23.8 6.5
Other private services 5.4 18.5
Other -0.6 -1.2
Addenda:
Exports of durable goods 9.6 23.4
Exports of nondurable goods 11.1 1.6
Exports of agricultural goods (2) 23.7 -19.1
Exports of nonagricultural
goods 8.9 20.1
Imports of durable goods -0.7 25.2
Imports of nondurable goods 1.1 7.6
Imports of nonpetroleum goods -0.1 18.6
Seasonally adjusted at
annual rates
2004
I II III
Exports of goods and
services 7.3 7.3 6.3
Exports of goods (1) 9.1 6.0 9.1
Foods, feeds, and beverages -30.0 -24.3 28.3
Industrial supplies and
materials 14.4 6.9 0.3
Durable goods 14.0 3.6 -5.4
Nondurable goods 14.7 8.7 3.3
Capital goods, except
automotive 13.1 6.2 6.2
Civilian aircraft, engines, and
parts -14.0 -17.5 31.2
Computers, peripherals, and
parts -8.3 -1.8 23.1
Other 25.2 13.5 -1.0
Automotive vehicles, engines,
and parts 5.1 8.2 35.0
Consumer goods, except
automotive 18.6 18.2 -0.3
Durable goods 6.8 27.7 10.8
Nondurable goods 32.7 8.8 -11.2
Other 11.4 16.1 27.7
Exports of services (1) 3.4 10.2 0.2
Transfers under U.S. military
agency sales contracts -6.3 61.4 -9.6
Travel -4.1 17.3 7.3
Passenger fares -5.0 21.0 -19.9
Other transportation 19.0 12.9 -6.7
Royalties and license fees 4.4 -2.3 2.7
Other private services 5.1 6.3 1.9
Other 6.3 1.6 -5.7
Imports of goods and
services 10.6 12.6 6.0
Imports of goods (1) 12.7 13.0 5.6
Foods, feeds, and beverages 2.3 7.4 -10.1
Industrial supplies and
materials, except petroleum
and products 16.9 38.2 25.2
Durable goods 21.4 47.2 25.4
Nondurable goods 12.4 29.0 25.0
Petroleum and products 39.1 -33.1 5.3
Capital goods, except
automotive 13.4 30.6 13.9
Civilian aircraft, engines, and
parts -55.7 59.0 -11.6
Computers, peripherals, and
parts 12.8 38.6 29.8
Other 26.4 25.1 11.2
Automotive vehicles, engines,
and parts 6.0 10.1 3.2
Consumer goods, except
automotive 9.6 20.5 -9.7
Durable goods 11.6 25.0 -11.4
Nondurable goods 7.5 15.8 -7.8
Other -2.2 -10.7 16.4
Imports of services (1) 1.2 10.6 8.3
Direct defense expenditures -20.2 11.9 -7.4
Travel -12.6 29.7 4.0
Passenger fares -11.9 18.7 8.4
Other transportation 38.4 -7.6 7.3
Royalties and license fees -3.5 18.2 71.8
Other private services 6.6 6.4 5.5
Other -5.6 6.3 -4.1
Addenda:
Exports of durable goods 11.3 8.4 10.0
Exports of nondurable goods 4.6 0.9 7.2
Exports of agricultural goods (2) -23.2 -19.1 24.6
Exports of nonagricultural
goods 12.7 8.5 7.9
Imports of durable goods 11.1 23.6 6.9
Imports of nondurable goods 15.3 -2.8 3.3
Imports of nonpetroleum goods 9.8 20.9 5.6
(1.) Exports and imports of certain goods, primarily military
equipment purchased and sold by the Federal Government, are included
in services. Beginning with 1986, repairs and alterations of equipment
are reclassified from goods to services.
(2.) Includes parts of foods, feeds, and beverages, of nondurable
industrial supplies and materials, and of nondurable nonautomotive
consumer goods.
Table 4.2.2. Contributions to Percent Change in Real Exports and in
Real Imports of Goods and Services by Type of Product
Line 2002 2003
Percent change at annual rate:
Exports of goods and
services 1 -2.3 1.9
Percentage points at annual
rates:
Exports of goods (1) 2 -2.86 1.50
Foods, feeds, and beverages 3 -0.10 0.09
Industrial supplies and
materials 4 0.04 0.40
Durable goods 5 -0.36 0.14
Nondurable goods 6 0.40 0.26
Capital goods, except
automotive 7 -2.69 0.63
Civilian aircraft, engines, and
parts 8 -0.35 -0.55
Computers, peripherals, and
parts 9 -0.61 0.23
Other 10 -1.74 0.96
Automotive vehicles, engines,
and parts 11 0.30 0.12
Consumer goods, except
automotive 12 -0.34 0.50
Durable goods 13 -0.23 0.19
Nondurable goods 14 -0.12 0.31
Other 15 -0.08 -0.23
Exports of services (1) 16 0.51 0.42
Transfers under U.S. military
agency sales contracts 17 -0.04 0.05
Travel 18 -0.45 -0.34
Passenger fares 19 -0.13 -0.31
Other transportation 20 0.07 0.09
Royalties and license fees 21 0.29 0.31
Other private services 22 0.82 0.75
Other 23 -0.05 -0.13
Percent change at annual rate:
Imports of goods and
services 24 3.4 4.4
Percentage points at annual
rates:
Imports of goods (1) 25 3.07 3.90
Foods, feeds, and beverages 26 0.18 0.27
Industrial supplies and
materials, except petroleum
and products 27 0.33 0.18
Durable goods 28 0.29 0.06
Nondurable goods 29 0.03 0.12
Petroleum and products 30 -0.19 0.50
Capital goods, except
automotive 31 -0.34 1.15
Civilian aircraft, engines, and
parts 32 -0.45 -0.10
Computers, peripherals, and
parts 33 0.53 0.45
Other 34 -0.42 0.81
Automotive vehicles, engines,
and parts 35 0.96 0.37
Consumer goods, except
automotive 36 1.91 1.84
Durable goods 37 1.19 0.81
Nondurable goods 38 0.72 1.03
Other 39 0.22 -0.40
Imports of services (1) 40 0.31 0.53
Direct defense expenditures 41 0.26 0.17
Travel 42 -0.28 -0.38
Passenger fares 43 -0.26 0.04
Other transportation 44 0.07 0.09
Royalties and license fees 45 0.18 0.03
Other private services 46 0.35 0.59
Other 47 0.00 -0.01
Seasonally adjusted
at annual rates
2003
III IV
Percent change at annual rate:
Exports of goods and
services 11.3 17.5
Percentage points at annual
rates:
Exports of goods (1) 7.02 11.21
Foods, feeds, and beverages 0.55 -0.32
Industrial supplies and
materials 0.84 0.87
Durable goods -0.43 0.34
Nondurable goods 1.28 0.53
Capital goods, except
automotive 4.66 8.25
Civilian aircraft, engines, and
parts 0.96 1.73
Computers, peripherals, and
parts 1.29 0.76
Other 2.40 5.76
Automotive vehicles, engines,
and parts -0.61 1.13
Consumer goods, except
automotive 0.95 0.99
Durable goods 0.70 0.94
Nondurable goods 0.25 0.05
Other 0.63 0.28
Exports of services (1) 4.26 6.24
Transfers under U.S. military
agency sales contracts 0.42 0.11
Travel 2.77 2.79
Passenger fares 0.61 0.31
Other transportation -0.05 1.15
Royalties and license fees 0.29 0.43
Other private services 0.33 1.48
Other -0.11 -0.03
Percent change at annual rate:
Imports of goods and
services 2.8 17.1
Percentage points at annual
rates:
Imports of goods (1) -0.01 15.11
Foods, feeds, and beverages 0.12 0.68
Industrial supplies and
materials, except petroleum
and products 1.30 0.16
Durable goods 0.01 1.17
Nondurable goods 1.30 -1.01
Petroleum and products 0.05 1.33
Capital goods, except
automotive 0.53 4.83
Civilian aircraft, engines, and
parts -0.32 0.87
Computers, peripherals, and
parts 0.57 1.59
Other 0.28 2.37
Automotive vehicles, engines,
and parts -1.23 2.88
Consumer goods, except
automotive 0.35 4.64
Durable goods 0.91 3.48
Nondurable goods -0.56 1.15
Other -1.14 0.60
Imports of services (1) 2.85 1.97
Direct defense expenditures 0.15 0.20
Travel 1.73 0.30
Passenger fares 0.71 0.18
Other transportation -0.31 0.17
Royalties and license fees 0.29 0.09
Other private services 0.30 1.03
Other 0.00 -0.01
Seasonally adjusted at
annual rates
2004
I II III
Percent change at annual rate:
Exports of goods and
services 7.3 7.3 6.3
Percentage points at annual
rates:
Exports of goods (1) 6.30 4.19 6.28
Foods, feeds, and beverages -1.83 -1.35 1.21
Industrial supplies and
materials 2.23 1.14 0.04
Durable goods 0.74 0.21 -0.32
Nondurable goods 1.49 0.93 0.37
Capital goods, except
automotive 3.61 1.75 1.75
Civilian aircraft, engines, and
parts -0.68 -0.82 1.18
Computers, peripherals, and
parts -0.33 -0.06 0.77
Other 4.62 2.63 -0.20
Automotive vehicles, engines,
and parts 0.38 0.60 2.33
Consumer goods, except
automotive 1.50 1.49 -0.03
Durable goods 0.30 1.12 0.47
Nondurable goods 1.20 0.37 -0.50
Other 0.41 0.57 0.98
Exports of services (1) 1.04 3.06 0.05
Transfers under U.S. military
agency sales contracts -0.07 0.58 -0.12
Travel -0.27 1.06 0.46
Passenger fares -0.08 0.31 -0.34
Other transportation 0.56 0.40 -0.22
Royalties and license fees 0.20 -0.10 0.11
Other private services 0.63 0.79 0.23
Other 0.08 0.02 -0.07
Percent change at annual rate:
Imports of goods and
services 10.6 12.6 6.0
Percentage points at annual
rates:
Imports of goods (1) 10.41 10.82 4.67
Foods, feeds, and beverages 0.08 0.27 -0.37
Industrial supplies and
materials, except petroleum
and products 1.87 3.97 2.95
Durable goods 1.17 2.48 1.59
Nondurable goods 0.69 1.49 1.36
Petroleum and products 3.13 -3.88 0.51
Capital goods, except
automotive 2.55 5.43 2.57
Civilian aircraft, engines, and
parts -1.17 0.65 -0.17
Computers, peripherals, and
parts 0.62 1.71 1.33
Other 3.10 3.06 1.41
Automotive vehicles, engines,
and parts 0.82 1.33 0.42
Consumer goods, except
automotive 2.08 4.21 -2.12
Durable goods 1.30 2.64 -1.33
Nondurablegoods 0.78 1.56 -0.79
Other -0.11 -0.51 0.70
Imports of services (1) 0.21 1.78 1.36
Direct defense expenditures -0.38 0.19 -0.12
Travel -0.50 0.99 0.14
Passenger fares -0.17 0.23 0.10
Other transportation 0.98 -0.23 0.21
Royalties and license fees -0.05 0.22 0.75
Other private services 0.36 0.35 0.29
Other -0.03 0.03 -0.02
(1.) Exports and imports of certain goods, primarily military
equipment purchased and sold by the Federal Government, are
included in services. Beginning with 1986, repairs and alterations
of equipment are reclassified from goods to services.
Table 4.2.3. Real Exports and Imports of Goods and Services by
Type of Product, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Exports of goods and
services 1 92.343 94.116
Exports of goods (1) 2 90.068 92.018
Foods, feeds, and beverages 3 100.805 102.509
Industrial supplies and
materials 4 96.390 98.856
Durable goods 5 85.439 87.637
Nondurable goods 6 103.320 105.953
Capital goods, except
automotive 7 82.355 84.189
Civilian aircraft, engines, and
parts 8 96.752 86.257
Computers, peripherals, and
parts 9 76.552 81.186
Other 10 80.737 84.666
Automotive vehicles, engines,
and parts 11 97.411 98.862
Consumer goods, except
automotive 12 95.210 100.902
Durable goods 13 94.197 98.368
Nondurable goods 14 96.333 103.711
Other 15 93.590 88.135
Exports of services (1) 16 97.989 99.330
Transfers under U.S. military
agency sales contracts 17 90.545 94.991
Travel 18 81.351 77.128
Passenger fares 19 79.538 65.481
Other transportation 20 98.899 102.011
Royalties and license fees 21 98.850 105.788
Other private services 22 114.064 121.009
Other 23 100.001 91.111
Imports of goods and
services 24 100.585 105.048
Imports of goods (1) 25 100.408 105.131
Foods, feeds, and beverages 26 110.148 118.666
Industrial supplies and
materials, except petroleum
and products 27 99.130 100.739
Durable goods 28 98.693 99.819
Nondurable goods 29 99.571 101.657
Petroleum and products 30 101.147 107.572
Capital goods, except
automotive 31 87.160 92.361
Civilian aircraft, engines, and
parts 32 91.867 86.412
Computers, peripherals, and
parts 33 100.648 109.730
Other 34 81.980 87.240
Automotive vehicles, engines,
and parts 35 103.782 106.478
Consumer goods, except
automotive 36 111.246 120.896
Durable goods 37 110.511 118.602
Nondurable goods 38 112.094 123.461
Other 39 105.718 98.316
Imports of services (1) 40 101.571 104.753
Direct defense expenditures 41 135.435 151.794
Travel 42 89.196 81.066
Passenger fares 43 71.846 73.884
Other transportation 44 97.228 100.325
Royalties and license fees 45 112.943 115.483
Other private services 46 118.373 131.485
Other 47 103.723 101.550
Addenda:
Exports of durable goods 48 86.242 87.974
Exports of nondurable goods 49 100.322 102.844
Exports of agricultural goods (2) 50 100.624 101.977
Exports of nonagricultural
goods 51 89.297 91.295
Imports of durable goods 52 97.622 101.657
Imports of nondurable goods 53 105.890 111.931
Imports of nonpetroleum goods 54 100.295 104.839
Seasonally adjusted
2003 2004
III IV I
Exports of goods and
services 94.300 98.170 99.924
Exports of goods (1) 92.190 95.694 97.810
Foods, feeds, and beverages 103.835 102.254 93.521
Industrial supplies and
materials 98.744 100.012 103.437
Durable goods 86.750 88.045 90.972
Nondurable goods 106.330 107.581 111.322
Capital goods, except
automotive 84.440 90.331 93.162
Civilian aircraft, engines, and
parts 85.451 93.302 89.857
Computers, peripherals, and
parts 83.293 87.139 85.262
Other 84.778 90.664 95.900
Automotive vehicles, engines,
and parts 97.386 100.810 102.073
Consumer goods, except
automotive 101.932 104.699 109.267
Durable goods 99.658 104.645 106.391
Nondurable goods 104.452 104.762 112.437
Other 88.532 90.109 92.583
Exports of services (1) 99.543 104.310 105.173
Transfers under U.S. military
agency sales contracts 99.890 102.082 100.440
Travel 77.385 85.602 84.704
Passenger fares 65.875 68.999 68.111
Other transportation 100.554 109.630 114.506
Royalties and license fees 106.664 108.976 110.144
Other private services 121.002 124.284 125.831
Other 89.888 89.384 90.769
Imports of goods and
services 104.522 108.725 111.504
Imports of goods (1) 104.331 108.824 112.116
Foods, feeds, and beverages 118.328 123.573 124.264
Industrial supplies and
materials, except petroleum
and products 102.279 102.465 106.538
Durable goods 98.242 103.196 108.328
Nondurable goods 106.163 101.689 104.706
Petroleum and products 106.440 110.589 120.103
Capital goods, except
automotive 91.966 97.433 100.546
Civilian aircraft, engines, and
parts 81.777 92.966 75.857
Computers, peripherals, and
parts 110.142 118.543 122.170
Other 87.121 90.939 96.429
Automotive vehicles, engines,
and parts 104.524 109.791 111.395
Consumer goods, except
automotive 119.650 125.724 128.645
Durable goods 117.910 126.665 130.189
Nondurable goods 121.604 124.757 127.027
Other 95.451 98.151 97.601
Imports of services (1) 105.543 108.360 108.675
Direct defense expenditures 154.700 158.961 150.249
Travel 82.443 83.993 81.215
Passenger fares 77.310 79.608 77.125
Other transportation 97.955 99.321 107.729
Royalties and license fees 119.729 121.618 120.530
Other private services 131.311 136.989 139.189
Other 101.257 100.942 99.510
Addenda:
Exports of durable goods 87.940 92.688 95.198
Exports of nondurable goods 103.521 103.929 105.103
Exports of agricultural goods (2) 106.098 100.607 94.183
Exports of nonagricultural
goods 91.139 95.413 98.303
Imports of durable goods 100.570 106.382 109.226
Imports of nondurable goods 111.650 113.720 117.836
Imports of nonpetroleum goods 104.079 108.610 111.179
Seasonally
adjusted
2004
II III
Exports of goods and
services 101.690 103.264
Exports of goods (1) 99.242 101.433
Foods, feeds, and beverages 87.242 92.853
Industrial supplies and
materials 105.185 105.253
Durable goods 91.786 90.513
Nondurable goods 113.665 114.594
Capital goods, except
automotive 94.5731 96.008
Civilian aircraft, engines, and
parts 85.636 91.651
Computers, peripherals, and
parts 84.885 89.419
Other 98.976 98.728
Automotive vehicles, engines,
and parts 104.114 112.225
Consumer goods, except
automotive 113.923 113.838
Durable goods 113.106 116.032
Nondurable goods 114.837 111.467
Other 96.095 102.150
Exports of services (1) 107.765 107.813
Transfers under U.S. military
agency sales contracts 113.207 110.376
Travel 88.158 89.726
Passenger fares 71.436 67.574
Other transportation 118.040 116.021
Royalties and license fees 109.511 110.231
Other private services 127.782 128.387
Other 91.128 89.799
Imports of goods and
services 114.862 116.554
Imports of goods (1) 115.593 117.172
Foods, feeds, and beverages 126.516 123.186
Industrial supplies and
materials, except petroleum
and products 115.505 122.191
Durable goods 119.317 126.267
Nondurable goods 111.580 117.992
Petroleum and products 108.606 110.026
Capital goods, except
automotive 107.481 111.041
Civilian aircraft, engines, and
parts 85.182 82.604
Computers, peripherals, and
parts 132.566 141.508
Other 101.972 104.719
Automotive vehicles, engines,
and parts 114.112 115.028
Consumer goods, except
automotive 134.796 131.392
Durable goods 137.646 133.530
Nondurable goods 131.774 129.134
Other 94.876 98.551
Imports of services (1) 111.458 113.709
Direct defense expenditures 154.544 151.582
Travel 86.670 87.514
Passenger fares 80.510 82.158
Other transportation 105.614 107.496
Royalties and license fees 125.674 143.879
Other private services 141.354 143.267
Other 101.030 99.973
Addenda:
Exports of durable goods 97.144 99.493
Exports of nondurable goods 105.332 107.173
Exports of agricultural goods (2) 89.335 94.392
Exports of nonagricultural
goods 100.321 102.256
Imports of durable goods 115.179 117.126
Imports of nondurable goods 117.012 117.974
Imports of nonpetroleum goods 116.579 118.180
(1.) Exports and imports of certain goods, primarily military equipment
purchased and sold by the Federal Government, are included in services.
Beginning with 1986, repairs and alterations of equipment are
reclassified from goods to services.
(2.) Includes parts of foods, feeds, and beverages, of nondurable
industrial supplies and materials, and of nondurable nonautomotive
consumer goods.
Table 4.2.4. Price Indexes for Exports and Imports of Goods and
Services by Type of Product
[Index numbers, 2000=100]
Line 2002 2003
Exports of goods and
services 1 99.275 101.395
Exports of goods (1) 2 98.661 100.640
Foods, feeds, and beverages 3 102.818 112.133
Industrial supplies and
materials 4 95.551 102.151
Durable goods 5 98.432 102.787
Nondurable goods 6 93.927 101.663
Capital goods, except
automotive 7 98.785 97.693
Civilian aircraft, engines, and
parts 8 108.376 112.636
Computers, peripherals, and
parts 9 90.674 88.541
Other 10 98.483 96.483
Automotive vehicles, engines,
and parts 11 100.852 101.566
Consumer goods, except
automotive 12 99.133 99.695
Durable goods 13 99.828 100.234
Nondurable goods 14 98.375 99.101
Other 15 99.527 102.245
Exports of services (1) 16 100.769 103.219
Transfers under U.S. military
agency sales contracts 17 97.158 98.034
Travel 18 99.544 101.504
Passenger fares 19 103.598 115.849
Other transportation 20 99.051 104.706
Royalties and license fees 21 103.473 105.450
Other private services 22 100.029 101.274
Other 23 108.367 109.564
Imports of goods and
services 24 96.326 99.615
Imports of goods (1) 25 95.281 98.068
Foods, feeds, and beverages 26 98.110 102.328
Industrial supplies and
materials, except petroleum
and products 27 92.471 100.105
Durable goods 28 92.688 94.838
Nondurable goods 29 92.260 105.572
Petroleum and products 30 85.134 102.940
Capital goods, except
automotive 31 93.671 92.300
Civilian aircraft, engines, and
parts 32 105.065 105.680
Computers, peripherals, and
parts 33 83.183 77.680
Other 34 96.531 96.928
Automotive vehicles, engines,
and parts 35 100.225 100.771
Consumer goods, except
automotive 36 98.167 97.967
Durable goods 37 97.188 96.439
Nondurable goods 38 99.240 99.642
Other 39 98.649 100.731
Imports of services (1) 40 101.819 107.784
Direct defense expenditures 41 104.682 122.818
Travel 42 100.572 107.929
Passenger fares 43 114.502 116.853
Other transportation 44 95.361 107.717
Royalties and license fees 45 103.417 105.423
Other private services 46 101.934 102.511
Other 47 100.098 105.360
Addenda:
Exports of durable goods 48 99.177 99.263
Exports of nondurable goods 49 97.358 103.634
Exports of agricultural goods (2) 50 102.601 113.072
Exports of nonagricultural
goods 51 98.350 99.642
Imports of durable goods 52 96.121 95.914
Imports of nondurable goods 53 93.712 101.816
Imports of nonpetroleum goods 54 96.408 97.562
Seasonally adjusted
2003 2004
III IV I
Exports of goods and
services 101.355 102.146 103.565
Exports of goods (1) 100.407 101.438 103.023
Foods, feeds, and beverages 111.322 120.104 126.145
Industrial supplies and
materials 101.774 103.779 108.493
Durable goods 103.066 104.862 110.503
Nondurable goods 100.949 103.055 107.293
Capital goods, except
automotive 97.449 97.134 97.201
Civilian aircraft, engines, and
parts 113.416 114.399 115.443
Computers, peripherals, and
parts 88.111 88.302 88.659
Other 96.087 95.414 95.240
Automotive vehicles, engines,
and parts 101.648 101.754 101.883
Consumer goods, except
automotive 99.712 100.099 100.258
Durable goods 100.253 100.609 100.330
Nondurable goods 99.116 99.537 100.162
Other 102.092 103.343 105.178
Exports of services (1) 103.628 103.865 104.897
Transfers under U.S. military
agency sales contracts 98.360 98.341 98.405
Travel 101.723 102.479 103.261
Passenger fares 118.466 120.781 126.073
Other transportation 105.328 104.622 106.226
Royalties and license fees 105.611 105.968 106.885
Other private services 101.851 101.507 102.162
Other 106.876 110.400 112.014
Imports of goods and
services 99.606 99.837 102.163
Imports of goods (1) 97.911 98.011 100.355
Foods, feeds, and beverages 102.261 102.908 105.282
Industrial supplies and
materials, except petroleum
and products 99.635 100.692 106.217
Durable goods 95.720 97.955 103.903
Nondurable goods 103.737 103.590 108.659
Petroleum and products 102.067 101.114 112.501
Capital goods, except
automotive 92.370 91.906 91.990
Civilian aircraft, engines, and
parts 106.575 107.220 107.960
Computers, peripherals, and
parts 77.063 75.610 75.292
Other 97.233 97.144 97.361
Automotive vehicles, engines,
and parts 100.651 101.282 101.795
Consumer goods, except
automotive 97.968 98.023 98.725
Durable goods 96.429 96.324 96.456
Nondurable goods 99.654 99.888 101.246
Other 100.786 101.278 102.773
Imports of services (1) 108.570 109.502 111.718
Direct defense expenditures 121.751 127.412 134.661
Travel 108.044 111.151 115.897
Passenger fares 117.432 115.094 113.952
Other transportation 111.392 112.155 114.250
Royalties and license fees 105.574 105.931 106.848
Other private services 102.894 102.192 102.719
Other 106.059 107.377 109.986
Addenda:
Exports of durable goods 99.161 99.260 99.963
Exports of nondurable goods 103.096 106.270 109.944
Exports of agricultural goods (2) 111.745 122.770 127.914
Exports of nonagricultural
goods 99.493 99.723 101.046
Imports of durable goods 96.005 96.216 97.097
Imports of nondurable goods 101.237 101.143 106.127
Imports of nonpetroleum goods 97.490 97.707 99.037
Seasonally
adjusted
2004
II III
Exports of goods and
services 104.746 105.144
Exports of goods (1) 104.356 104.662
Foods, feeds, and beverages 133.508 121.881
Industrial supplies and
materials 111.629 115.166
Durable goods 114.143 118.341
Nondurable goods 110.170 113.374
Capital goods, except
automotive 97.395 97.466
Civilian aircraft, engines, and
parts 115.862 117.819
Computers, peripherals, and
parts 88.691 86.963
Other 95.426 95.523
Automotive vehicles, engines,
and parts 102.226 102.489
Consumer goods, except
automotive 100.380 100.944
Durable goods 100.410 100.624
Nondurable goods 100.329 101.281
Other 106.644 107.105
Exports of services (1) 105.726 106.340
Transfers under U.S. military
agency sales contracts 99.421 99.690
Travel 105.019 105.105
Passenger fares 124.621 127.907
Other transportation 106.617 108.979
Royalties and license fees 107.806 108.286
Other private services 102.904 103.459
Other 111.775 109.017
Imports of goods and
services 103.760 105.041
Imports of goods (1) 102.267 103.533
Foods, feeds, and beverages 107.410 107.423
Industrial supplies and
materials, except petroleum
and products 110.836 112.726
Durable goods 111.983 114.395
Nondurable goods 109.462 110.765
Petroleum and products 125.787 136.908
Capital goods, except
automotive 91.331 91.029
Civilian aircraft, engines, and
parts 108.677 110.164
Computers, peripherals, and
parts 73.631 71.769
Other 97.085 97.429
Automotive vehicles, engines,
and parts 102.199 102.623
Consumer goods, except
automotive 98.581 98.468
Durable goods 96.387 96.219
Nondurable goods 101.016 100.967
Other 103.741 104.317
Imports of services (1) 111.566 112.921
Direct defense expenditures 132.960 136.931
Travel 113.324 115.205
Passenger fares 114.008 113.645
Other transportation 115.749 117.863
Royalties and license fees 107.768 108.249
Other private services 103.285 103.960
Other 109.866 110.869
Addenda:
Exports of durable goods 100.583 101.140
Exports of nondurable goods 112.994 112.683
Exports of agricultural goods (2) 133.058 121.418
Exports of nonagricultural
goods 102.120 103.210
Imports of durable goods 97.843 98.085
Imports of nondurable goods 110.189 113.413
Imports of nonpetroleum goods 99.725 100.007
(1.) Exports and imports of certain goods, primarily military equipment
purchased and sold by the Federal Government, are included in services.
Beginning with 1986, repairs and alterations of equipment are
reclassified from goods to services.
(2.) Includes parts of foods, feeds, and beverages, of nondurable
industrial supplies and materials, and of nondurable nonautomotive
consumer goods.
Table 4.2.5. Exports and Imports of Goods and Services by
Type of Product
[Billions of dollars]
Line 2002 2003
Exports of goods and
services 1 1,005.0 1,046.2
Exports of goods (1) 2 697.0 726.4
Foods, feeds, and beverages 3 49.6 55.0
Industrial supplies and
materials 4 153.5 168.3
Durable goods 5 53.5 57.3
Nondurable goods 6 100.0 111.0
Capital goods, except
automotive 7 290.4 293.6
Civilian aircraft, engines, and
parts 8 50.4 46.7
Computers, peripherals, and
parts 9 38.6 39.9
Other 10 201.5 207.0
Automotive vehicles, engines,
and parts 11 789.0 80.7
Consumer goods, except
automotive 12 84.4 89.9
Durable goods 13 43.9 46.1
Nondurable goods 14 40.4 43.9
Other 15 40.2 38.9
Exports of services (1) 16 308.0 319.8
Transfers under U.S. military
agency sales contracts 17 11.3 11.9
Travel 18 66.7 64.5
Passenger fares 19 17.0 15.7
Other transportation 20 29.2 31.8
Royalties and license fees 21 44.2 48.2
Other private services 22 124.7 134.0
Other 23 14.8 13.6
Imports of goods and
services 24 1,429.9 1,544.3
Imports of goods (1) 25 1,189.6 1,282.0
Foods, feeds, and beverages 26 49.7 55.8
Industrial supplies and
materials, except petroleum
and products 27 158.4 174.3
Durable goods 28 80.9 83.7
Nondurable goods 29 77.5 90.5
Petroleum and products 30 103.5 133.1
Capital goods, except
automotive 31 283.3 295.8
Civilian aircraft, engines, and
parts 32 25.5 24.1
Computers, peripherals, and
parts 33 75.2 76.5
Other 34 182.7 195.2
Automotive vehicles, engines,
and parts 35 203.7 210.2
Consumer goods, except
automotive 36 308.0 334.0
Durable goods 37 160.6 171.0
Nondurable goods 38 147.4 163.0
Other 39 83.0 78.8
Imports of services (1) 40 240.2 262.3
Direct defense expenditures 41 19.1 25.1
Travel 42 58.0 56.6
Passenger fares 43 20.0 21.0
Other transportation 44 38.4 44.8
Royalties and license fees 45 19.2 20.0
Other private services 46 77.2 86.3
Other 47 8.2 8.5
Addenda:
Exports of durable goods 48 486.9 497.1
Exports of nondurable goods 49 210.1 229.3
Exports of agricultural goods (2) 50 54.5 60.9
Exports of nonagricultural
goods 51 642.5 665.5
Imports of durable goods 52 770.1 800.2
Imports of nondurable goods 53 419.5 481.8
Imports of nonpetroleum goods 54 1,086.1 1,148.9
Seasonally adjusted at
annual rates
2003 2004
III IV I
Exports of goods and
services 1,047.7 1,099.2 1,134.3
Exports of goods (1) 725.9 761.3 790.3
Foods, feeds, and beverages 55.3 58.8 56.5
Industrial supplies and
materials 167.4 172.9 187.0
Durable goods 56.9 58.7 64.0
Nondurable goods 110.6 114.2 123.0
Capital goods, except
automotive 293.8 313.3 323.3
Civilian aircraft, engines, and
parts 46.6 51.3 49.9
Computers, peripherals, and
parts 40.8 42.7 42.0
Other 206.5 219.3 231.5
Automotive vehicles, engines,
and parts 79.5 82.4 83.6
Consumer goods, except
automotive 90.8 93.7 97.9
Durable goods 46.7 49.2 49.8
Nondurable goods 44.2 44.5 48.1
Other 39.0 40.1 42.0
Exports of services (1) 321.7 337.9 344.1
Transfers under U.S. military
agency sales contracts 12.6 12.9 12.7
Travel 64.9 72.3 72.1
Passenger fares 16.1 17.2 17.8
Other transportation 31.6 34.2 36.3
Royalties and license fees 48.7 49.9 50.9
Other private services 134.7 137.9 140.5
Other 13.1 13.5 13.9
Imports of goods and
services 1,536.4 1,602.0 1,681.2
Imports of goods (1) 1,270.3 1,326.4 1,399.2
Foods, feeds, and beverages 55.6 58.5 60.2
Industrial supplies and
materials, except petroleum
and products 176.1 178.3 195.6
Durable goods 83.1 89.4 99.5
Nondurable goods 93.0 88.9 96.0
Petroleum and products 130.6 134.4 162.4
Capital goods, except
automotive 294.8 310.8 321.0
Civilian aircraft, engines, and
parts 23.0 26.3 21.6
Computers, peripherals, and
parts 76.3 80.5 82.7
Other 195.6 203.9 216.7
Automotive vehicles, engines,
and parts 206.1 217.8 222.1
Consumer goods, except
automotive 330.6 347.5 358.2
Durable goods 170.0 182.5 187.8
Nondurable goods 160.5 165.1 170.4
Other 76.6 79.1 79.8
Imports of services (1) 266.1 275.6 282.0
Direct defense expenditures 25.4 27.3 27.2
Travel 57.6 60.4 60.9
Passenger fares 22.0 22.3 21.3
Other transportation 45.3 46.2 51.1
Royalties and license fees 20.8 21.2 21.2
Other private services 86.5 89.6 91.5
Other 8.5 8.6 8.7
Addenda:
Exports of durable goods 496.4 523.7 541.7
Exports of nondurable goods 229.6 237.6 248.6
Exports of agricultural goods (2) 62.6 65.2 63.6
Exports of nonagricultural
goods 663.3 696.0 726.6
Imports of durable goods 792.3 840.0 870.3
Imports of nondurable goods 478.0 486.4 528.9
Imports of nonpetroleum goods 1,139.7 1,192.0 1,236.8
Seasonally adjusted
at annual rates
II III
Exports of goods and
services 1,167.6 1,190.1
Exports of goods (1) 812.2 832.6
Foods, feeds, and beverages 55.8 54.2
Industrial supplies and
materials 195.6 202.0
Durable goods 66.6 68.1
Nondurable goods 129.0 133.8
Capital goods, except
automotive 328.9 334.1
Civilian aircraft, engines, and
parts 47.7 51.9
Computers, peripherals, and
parts 41.8 43.2
Other 239.4 239.0
Automotive vehicles, engines,
and parts 85.5 92.4
Consumer goods, except
automotive 102.2 102.7
Durable goods 53.0 54.5
Nondurable goods 49.2 48.2
Other 44.2 47.2
Exports of services (1) 355.4 357.6
Transfers under U.S. military
agency sales contracts 14.4 14.1
Travel 76.3 77.1
Passenger fares 18.4 17.9
Other transportation 37.5 37.7
Royalties and license fees 51.0 51.6
Other private services 143.7 145.2
Other 13.9 13.4
Imports of goods and
services 1,758.9 1,806.8
Imports of goods (1) 1,470.1 1,508.6
Foods, feeds, and beverages 62.5 60.8
Industrial supplies and
materials, except petroleum
and products 221.2 238.0
Durable goods 118.1 127.7
Nondurable goods 103.1 110.3
Petroleum and products 164.2 181.0
Capital goods, except
automotive 340.7 350.8
Civilian aircraft, engines, and
parts 24.4 24.0
Computers, peripherals, and
parts 87.7 91.3
Other 228.6 235.5
Automotive vehicles, engines,
and parts 228.4 231.2
Consumer goods, except
automotive 374.7 364.9
Durable goods 198.4 192.1
Nondurable goods 176.3 172.7
Other 78.4 81.8
Imports of services (1) 288.8 298.2
Direct defense expenditures 27.7 27.9
Travel 63.6 65.2
Passenger fares 22.3 22.7
Other transportation 50.7 52.6
Royalties and license fees 22.3 25.6
Other private services 93.5 95.4
Other 8.8 8.8
Addenda:
Exports of durable goods 556.2 572.8
Exports of nondurable goods 256.0 259.8
Exports of agricultural goods (2) 62.8 60.5
Exports of nonagricultural
goods 749.4 772.0
Imports of durable goods 924.8 942.7
Imports of nondurable goods 545.3 565.9
Imports of nonpetroleum goods 1,305.9 1,327.6
(1.) Exports and imports of certain goods, primarily military equipment
purchased and sold by the Federal Government, are included in services.
Beginning with 1986, repairs and alterations of equipment are
reclassified from goods to services.
(2.) Includes parts of foods, feeds, and beverages, of nondurable
industrial supplies and materials, and of nondurable nonautomotive
consumer goods.
Table 4.2.6. Real Exports and Imports of Goods and Services by
Type of Product, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Exports of goods and
services 1 1,012.3 1,031.8
Exports of goods (1) 2 706.4 721.7
Foods, feeds, and beverages 3 48.3 49.1
Industrial supplies and
materials 4 160.6 164.7
Durable goods 5 54.4 55.8
Nondurable goods 6 106.4 109.1
Capital goods, except
automotive 7 294.0 300.6
Civilian aircraft, engines, and
parts 8 46.5 41.5
Computers, peripherals, and
parts (2) 9
Other 10 204.6 214.5
Automotive vehicles, engines,
and parts 11 78.3 79.4
Consumer goods, except
automotive 12 85.1 90.2
Durable goods 13 44.0 45.9
Nondurable goods 14 41.1 44.3
Other 15 40.4 38.0
Exports of services (1) 16 305.7 309.9
Transfers under U.S. military
agency sales contracts 17 11.6 12.2
Travel 18 67.0 63.6
Passenger fares 19 16.5 13.5
Other transportation 20 29.5 30.4
Royalties and license fees 21 142.7 45.7
Other private services 22 124.7 132.3
Other 23 13.7 12.5
Residual 24 0.1 -1.1
Imports of goods and
services 25 1,484.4 1,550.3
Imports of goods (1) 26 1,248.5 1,307.3
Foods, feeds, and beverages 27 50.6 54.6
Industrial supplies and
materials, except petroleum
and products 28 171.3 174.1
Durable goods 29 87.3 88.3
Nondurable goods 30 84.0 85.8
Petroleum and products 31 121.6 129.3
Capital goods, except
automotive 32 302.5 320.5
Civilian aircraft, engines, and
parts 33 24.2 22.8
Computers, peripherals, and
parts (2) 34
Other 35 189.3 201.4
Automotive vehicles, engines,
and parts 36 203.3 208.6
Consumer goods, except
automotive 37 313.7 340.9
Durable goods 38 165.3 177.4
Nondurable goods 39 148.5 163.5
Other 40 84.2 78.3
Imports of services (1) 41 235.9 243.3
Direct defense expenditures 42 18.2 20.5
Travel 43 57.7 52.5
Passenger fares 44 17.4 17.9
Other transportation 45 40.3 41.6
Royalties and license fees 46 18.6 19.0
Other private services 47 75.8 84.2
Other 48 8.2 8.0
Residual 49 -0.4 -1.9
Addenda:
Exports of durable goods 50 490.9 500.8
Exports of nondurable goods 51 215.8 221.2
Exports of agricultural goods (3) 52 53.1 53.8
Exports of nonagricultural
goods 53 653.2 667.9
Imports of durable goods 54 801.2 834.3
Imports of nondurable goods 55 447.7 473.2
Imports of nonpetroleum goods 56 1,126.6 1,177.6
Seasonally adjusted at
annual rates
2003 2004
III IV I
Exports of goods and
services 1,033.8 1,076.2 1,095.4
Exports of goods (1) 723.1 750.6 767.2
Foods, feeds, and beverages 49.7 49.0 44.8
Industrial supplies and
materials 164.5 166.6 172.3
Durable goods 55.2 56.0 57.9
Nondurable goods 109.5 110.8 114.7
Capital goods, except
automotive 301.5 322.5 332.6
Civilian aircraft, engines, and
parts 41.1 44.9 43.2
Computers, peripherals, and
parts (2)
Other 214.8 229.7 243.0
Automotive vehicles, engines,
and parts 78.3 81.0 82.0
Consumer goods, except
automotive 91.1 93.6 97.7
Durable goods 46.5 48.9 49.7
Nondurable goods 44.6 44.7 48.0
Other 38.2 38.9 39.9
Exports of services (1) 310.5 325.4 328.1
Transfers under U.S. military
agency sales contracts 12.8 13.1 12.9
Travel 63.8 70.5 69.8
Passenger fares 13.6 14.3 14.1
Other transportation 30.0 32.7 34.1
Royalties and license fees 46.1 47.1 47.6
Other private services 132.3 135.9 137.6
Other 12.3 12.2 12.4
Residual -1.3 -1.9 -3.7
Imports of goods and
services 1,542.5 1,604.5 1,645.5
Imports of goods (1) 1,297.3 1,353.2 1,394.1
Foods, feeds, and beverages 54.4 56.8 57.1
Industrial supplies and
materials, except petroleum
and products 176.7 177.1 184.1
Durable goods 86.9 91.3 95.8
Nondurable goods 89.6 85.8 88.3
Petroleum and products 127.9 132.9 144.3
Capital goods, except
automotive 319.1 338.1 348.9
Civilian aircraft, engines, and
parts 21.6 24.5 20.0
Computers, peripherals, and
parts (2)
Other 201.2 210.0 222.6
Automotive vehicles, engines,
and parts 204.7 215.1 218.2
Consumer goods, except
automotive 337.4 354.6 362.8
Durable goods 176.3 189.4 194.7
Nondurable goods 161.1 165.3 168.3
Other 76.0 78.1 77.7
Imports of services (1) 245.2 251.7 252.4
Direct defense expenditures 20.8 21.4 20.2
Travel 53.3 54.3 52.6
Passenger fares 18.8 19.3 18.7
Other transportation 40.6 41.1 44.6
Royalties and license fees 19.7 20.0 19.8
Other private services 84.1 87.7 89.1
Other 8.0 8.0 7.9
Residual -1.4 -2.9 -4.1
Addenda:
Exports of durable goods 500.6 527.6 541.9
Exports of nondurable goods 222.7 223.6 226.1
Exports of agricultural goods (3) 56.0 53.1 49.7
Exports of nonagricultural
goods 666.7 698.0 719.1
Imports of durable goods 825.4 873.1 896.4
Imports of nondurable goods 472.0 480.8 498.2
Imports of nonpetroleum goods 1,169.1 1,220.0 1,248.9
Seasonally adjusted
at annual rates
2004
II III
Exports of goods and
services 1,114.8 1,132.1
Exports of goods (1) 778.4 795.6
Foods, feeds, and beverages 41.8 44.5
Industrial supplies and
materials 175.3 175.4
Durable goods 58.4 57.6
Nondurable goods 117.1 118.0
Capital goods, except
automotive 337.6 342.7
Civilian aircraft, engines, and
parts 41.2 44.1
Computers, peripherals, and
parts (2)
Other 250.8 250.1
Automotive vehicles, engines,
and parts 83.7 90.2
Consumer goods, except
automotive 101.8 101.7
Durable goods 52.8 54.2
Nondurable goods 49.0 47.6
Other 41.4 44.0
Exports of services (1) 336.2 336.3
Transfers under U.S. military
agency sales contracts 14.5 14.2
Travel 72.6 73.9
Passenger fares 14.8 14.0
Other transportation 35.2 34.6
Royalties and license fees 47.3 47.7
Other private services 139.7 140.4
Other 12.5 12.3
Residual -5.1 -5.0
Imports of goods and
services 1,695.1 1,720.1
Imports of goods (1) 1,437.4 1,457.0
Foods, feeds, and beverages 58.2 56.6
Industrial supplies and
materials, except petroleum
and products 199.6 211.1
Durable goods 105.5 111.7
Nondurable goods 94.1 99.5
Petroleum and products 130.5 132.2
Capital goods, except
automotive 373.0 385.3
Civilian aircraft, engines, and
parts 22.5 21.8
Computers, peripherals, and
parts (2)
Other 235.4 241.8
Automotive vehicles, engines,
and parts 223.5 225.3
Consumer goods, except
automotive 380.1 370.5
Durable goods 205.8 199.7
Nondurable goods 174.6 171.1
Other 75.5 78.4
Imports of services (1) 258.9 264.1
Direct defense expenditures 20.8 20.4
Travel 56.1 56.6
Passenger fares 19.5 19.9
Other transportation 43.8 44.5
Royalties and license fees 20.7 23.7
Other private services 90.5 91.7
Other 8.0 7.9
Residual -8.9 -9.7
Addenda:
Exports of durable goods 553.0 566.3
Exports of nondurable goods 226.6 230.5
Exports of agricultural goods (3) 47.2 49.8
Exports of nonagricultural
goods 733.9 748.0
Imports of durable goods 945.3 961.2
Imports of nondurable goods 494.7 498.8
Imports of nonpetroleum goods 1,309.5 1,327.5
(1.) Exports and imports of certain goods, primarily military equipment
purchased and sold by the Federal Government, are included in services.
Beginning with 1986, repairs and alterations of equipment are
reclassified from goods to services.
(2.) The quantity index for computers can be used to accurately measure
the real growth of this component. However, because computers exhibit
rapid changes in prices relative to other prices in the economy, the
chained-dollar estimates should not be used to measure the component's
relative importance or its contribution to the growth rate of more
aggregate series; accurate estimates of these contributions are shown
in table 4.2.2. and real growth rates are shown in table 4.2.1.
(3.) Includes parts of foods, feeds, and beverages, of nondurable
industrial supplies and materials, and of nondurable nonautomotive
consumer goods.
NOTE. Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. For
exports and for imports, the residual line is the difference between
the aggregate line and the sum of the most detailed lines.
5. Saving and Investment
Table 5.1. Saving and Investment
[Billions of dollars]
Line 2002 2003
Gross saving 1 1,484.3 1,487.7
Net saving 2 180.3 133.8
Net private saving 3 459.8 501.5
Personal saving 4 159.2 110.6
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments 5 300.7 390.9
Undistributed profits 6 184.1 244.2
Inventory valuation
adjustment 7 -1.2 -14.1
Capital consumption
adjustment 8 117.8 160.8
Wage accruals less
disbursements 9 0.0 0.0
Net government saving 10 -279.5 -367.8
Federal 11 -254.5 -364.5
State and local 12 -25.0 -3.2
Consumption of fixed capital 13 1,303.9 1,353.9
Private 14 1,092.8 1,135.9
Domestic business 15 912.6 942.6
Households and institutions 16 180.2 193.3
Government 17 211.2 218.1
Federal 18 89.0 90.2
State and local 19 122.1 127.9
Gross domestic
investment, capital
account transactions,
and net lending, NIPAs 20 1,468.9 1,513.3
Gross domestic investment 21 1,926.6 2,024.2
Gross private domestic
investment 22 1,579.2 1,665.8
Gross government investment 23 347.4 358.5
Capital account transactions
(net) (1) 24 1.3 3.1
Net lending or net borrowing (-),
NIPAs 25 -458.9 -514.0
Statistical discrepancy 26 -15.3 25.6
Addenda:
Gross private saving 27 1,552.6 1,637.4
Gross government saving 28 -68.4 -149.7
Federal 29 -165.5 -274.3
State and local 30 97.1 124.7
Net domestic investment 31 622.7 670.3
Gross saving as a percentage
of gross national income 32 14.1 13.5
Net saving as a percentage of
gross national income 33 1.7 1.2
Seasonally adjusted at
annual rates
2003 2004
III IV I
Gross saving 1,518.1 1,621.7 1,568.3
Net saving 157.5 247.6 213.3
Net private saving 584.0 591.5 592.4
Personal saving 159.8 111.1 86.8
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments 424.2 480.4 505.7
Undistributed profits 248.1 317.5 302.5
Inventory valuation
adjustment -3.8 -24.3 -37.0
Capital consumption
adjustment 179.9 187.2 240.2
Wage accruals less
disbursements 0.0 0.0 0.0
Net government saving 426.5 -343.9 -379.2
Federal -433.0 -379.2 -391.0
State and local 6.5 35.3 11.8
Consumption of fixed capital 1,360.6 1,374.2 1,355.0
Private 1,141.5 1,153.8 1,132.4
Domestic business 946.5 955.0 936.4
Households and institutions 195.0 198.8 196.0
Government 219.1 220.4 222.6
Federal 90.5 90.7 91.6
State and local 128.5 129.7 131.0
Gross domestic
investment, capital
account transactions,
and net lending, NIPAs 1,554.7 1,634.6 1,631.3
Gross domestic investment 2,059.0 2,121.2 2,188.3
Gross private domestic
investment 1,696.6 1,758.8 1,819.7
Gross government investment 362.4 362.4 368.6
Capital account transactions
(net) (1) 3.3 1.2 1.4
Net lending or net borrowing (-),
NIPAs -507.5 -487.8 -558.4
Statistical discrepancy 36.6 12.8 63.0
Addenda:
Gross private saving 1,725.5 1,745.3 1,724.9
Gross government saving -207.4 -123.5 -156.6
Federal -342.5 -288.5 -299.5
State and local 135.0 165.0 142.9
Net domestic investment 698.4 747.0 833.3
Gross saving as a percentage
of gross national income 13.6 14.3 13.7
Net saving as a percentage of
gross national income 1.4 2.2 1.9
Seasonally adjusted
at annual rates
2004
II III
Gross saving 1,616.3 1,638.7
Net saving 241.2 138.2
Net private saving 602.9 505.9
Personal saving 113.4 45.0
Undistributed corporate
profits with inventory
valuation and capital
consumption adjustments 489.5 460.9
Undistributed profits 303.9 279.0
Inventory valuation
adjustment -47.8 -39.3
Capital consumption
adjustment 233.3 221.2
Wage accruals less
disbursements 0.0 0.0
Net government saving -361.7 -367.7
Federal -380.0 -376.2
State and local 18.3 8.5
Consumption of fixed capital 1,375.2 1,500.5
Private 1,148.1 1,269.4
Domestic business 948.8 1,023.9
Households and institutions 199.4 245.5
Government 227.0 231.2
Federal 92.8 93.4
State and local 134.3 137.7
Gross domestic
investment, capital
account transactions,
and net lending, NIPAs 1,672.8 1,698.4
Gross domestic investment 2,302.9 2,330.5
Gross private domestic
investment 1,920.7 1,949.5
Gross government investment 382.2 381.1
Capital account transactions
(net) (1) 1.1
Net lending or net borrowing (-),
NIPAs -631.2
Statistical discrepancy 56.4 59.6
Addenda:
Gross private saving 1,751.1 1,775.3
Gross government saving -134.7 -136.6
Federal -287.2 -282.8
State and local 152.5 146.2
Net domestic investment 927.7 830.0
Gross saving as a percentage
of gross national income 13.9 13.9
Net saving as a percentage of
gross national income 2.1 1.2
(1.) Consists of capital transfers and the acquisition and disposal of
nonproduced nonfinancial assets.
Table 5.3.1. Percent Change From Preceding Period in Real Private Fixed
Investment by Type
[Percent]
Season-
ally
adjusted
at
annual
rates
2003
Line 2002 2003 III
Private fixed investment 1 -4.9 5.1 18.0
Nonresidential 2 -8.9 3.3 15.7
Structures 3 -17.8 -5.6 -1.3
Commercial and health care 4 -15.8 -7.0 -0.3
Manufacturing 5 -46.1 -14.7 -5.7
Power and communication 6 -3.2 -19.9 -16.0
Mining exploration, shafts,
and wells 7 -26.3 23.1 31.9
Other structures (1) 8 -15.3 -2.7 -9.0
Equipment and software 9 -5.5 6.4 21.7
Information processing
equipment and software 10 -4.2 12.0 29.2
Computers and peripheral
equipment 11 11.1 33.0 54.1
Software (2) 12 -5.9 4.7 20.0
Other (3) 13 -9.6 9.2 25.6
Industrial equipment 14 -5.7 0.1 3.2
Transportation equipment 15 -12.1 -3.1 12.9
Other equipment (4) 16 -1.9 5.4 27.6
Residential 17 4.8 8.8 22.4
Structures 18 4.8 8.8 22.5
Permanent site 19 4.0 10.5 22.1
Single family 20 3.9 11.3 23.4
Multifamily 21 5.3 3.5 11.5
Other structures (5) 22 6.1 6.2 23.1
Equipment 23 2.4 9.2 18.8
Addenda:
Private fixed investment in
structures 24 -4.5 3.7 14.4
Private fixed investment in
equipment and software 25 -5.4 6.4 21.6
Private fixed investment in new
structures (6) 26 -5.2 2.9 10.2
Nonresidential structures 27 -16.9 -5.6 -1.3
Residential structures 28 4.1 8.1 17.0
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Private fixed investment 10.5 4.5 13.9 8.8
Nonresidential 11.0 4.2 12.5 12.9
Structures 7.9 -7.6 6.9 -0.3
Commercial and health care -6.3 -9.1 21.3 0.6
Manufacturing -4.1 -16.8 -14.2 18.3
Power and communication 71.4 -13.4 -37.0 -21.1
Mining exploration, shafts,
and wells 13.7 6.7 20.0 9.6
Other structures (1) 2.3 -7.0 16.8 1.8
Equipment and software 12.0 8.0 14.2 17.2
Information processing
equipment and software 16.3 16.4 14.1 7.6
Computers and peripheral
equipment 31.5 6.5 26.5 21.0
Software (2) 9.3 16.8 8.7 7.3
Other (3) 15.0 22.1 12.7 0.9
Industrial equipment -4.5 6.6 2.1 27.2
Transportation equipment 11.9 -15.0 26.1 35.4
Other equipment (4) 16.5 8.3 16.1 23.0
Residential 9.6 5.0 16.5 1.7
Structures 9.5 4.9 16.7 1.6
Permanent site 21.6 6.7 9.0 3.0
Single family 24.8 7.1 8.9 2.6
Multifamily -4.4 2.8 9.8 6.1
Other structures (5) -7.2 2.1 30.5 -0.5
Equipment 12.7 11.9 3.7 8.8
Addenda:
Private fixed investment in
structures 9.0 0.9 13.7 1.1
Private fixed investment in
equipment and software 12.0 8.1 14.1 17.1
Private fixed investment in new
structures (6) 12.8 0.9 6.7 2.1
Nonresidential structures 7.8 -7.6 6.8 -0.4
Residential structures 15.6 5.5 6.7 3.3
(1.) Consists primarily of religious, educational, vocational, lodging,
railroads, farm, and amusement and recreational structures, net
purchases of used structures, and brokers' commissions on the sale of
structures.
(2.) Excludes software "embedded," or bundled, in computers and other
equipment.
(3.) Includes communication equipment, nonmedical instruments, medical
equipment and instruments, photocopy and related equipment, and office
and accounting equipment.
(4.) Consists primarily of furniture and fixtures, agricultural
machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere
classified.
(5.) Consists primarily of manufactured homes, improvements,
dormitories, net purchases of used structures, and brokers' commisions
on the sale of residential structures.
(6.) Excludes net purchases of used structures and brokers' commissions
on the sale of structures.
Tabl6 5.3.2. Contributions to Percent Change in Real Private Fixed
Investment by Type
Seasonally
adjusted
at
annual
rates
2003
Line 2002 2003 III
Percent change at annual rate:
Private fixed investment 1 -4.9 5.1 18.0
Percentage points at annual
rates:
Nonresidential 2 -6.33 2.21 10.42
Structures 3 -3.52 -0.98 -0.20
Commercial and health care 4 -1.31 -0.52 -0.02
Manufacturing 5 -0.84 -0.15 -0.05
Power and communication 6 -0.10 -0.63 -0.40
Mining exploration, shafts,
and wells 7 -0.63 0.43 0.63
Other structures (1) 8 -0.65 -0.10 -0.35
Equipment and software 9 -2.80 3.19 10.61
Information processing
equipment and software 10 -1.10 3.00 7.19
Computers and peripheral
equipment 11 0.54 1.61 2.69
Software (2) 12 -0.62 0.47 1.97
Other (3) 13 -1.02 0.91 2.52
Industrial equipment 14 -0.51 0.01 0.29
Transportation equipment 15 -1.05 -0.25 0.99
Other equipment (4) 16 -0.15 0.43 2.14
Residential 17 1.38 2.86 7.55
Structures 18 1.37 2.82 7.46
Permanent site 19 0.69 2.03 4.45
Single family 20 0.59 1.95 4.20
Multifamily 21 0.10 0.07 0.25
Other structures (5) 22 0.68 0.79 3.01
Equipment 23 0.01 0.04 0.09
Addenda:
Private fixed. investment in
structures 24 -2.15 1.83 7.26
Private fixed investment in
equipment and software 25 -2.79 3.23 10.70
Private fixed investment in new
structures (6) 26 -2.28 1.29 4.75
Nonresidential structures 27 -3.31 -0.98 -0.19
Residential structures 28 1.02 2.27 4.95
Seasonally adjusted at
annual rates
2003 2004
IV I II III
Percent change at annual rate:
Private fixed investment 10.5 4.5 13.9 8.8
Percentage points at annual
rates:
Nonresidential 7.20 2.73 8.11 8.19
Structures 1.22 -1.19 1.07 -0.05
Commercial and health care -0.42 -0.60 1.24 0.04
Manufacturing -0.03 -0.15 -0.12 0.13
Power and communication 1.30 -0.35 -1.03 -0.48
Mining exploration, shafts,
and wells 0.29 0.14 0.42 0.21
Other structures (1) 0.08 -0.25 0.55 0.06
Equipment and software 5.97 3.92 7.05 8.24
Information processing
equipment and software 4.11 4.01 3.67 1.96
Computers and peripheral
equipment 1.70 0.37 1.47 1.16
Software (2) 0.91 1.54 0.87 0.71
Other (3) 1.50 2.10 1.33 0.10
Industrial equipment -0.36 0.52 0.17 1.99
Transportation equipment 0.92 -1.26 1.88 2.48
Other equipment (4) 1.31 0.66 1.32 1.81
Residential 3.34 1.75 5.76 0.64
Structures 3.28 1.70 5.74 0.60
Permanent site 4.25 1.43 1.99 0.66
Single family 4.34 1.37 1.78 0.53
Multifamily -0.09 0.06 0.21 0.13
Other structures (5) -0.97 0.27 3.75 -0.06
Equipment 0.06 0.05 0.02 0.04
Addenda:
Private fixed. investment in
structures 4.50 0.50 6.81 0.55
Private fixed investment in
equipment and software 6.03 3.97 7.06 8.28
Private fixed investment in new
structures (6) 5.61 0.45 3.13 0.94
Nonresidential structures 1.21 -1.19 1.05 -0.06
Residential structures 4.40 1.64 2.09 0.99
(1) Consists primarily of religious, educational, vocational, lodging,
railroads, farm, and amusement and recreational structures, net
purchases of used structures, and brokers' commissions on the sale of
structures.
(2.) Excludes software "embedded," or bundled, in computers and other
equipment.
(3.) Includes communication equipment, nonmedical instruments, medical
equipment and instruments, photocopy and related equipment, and office
and accounting equipment.
(4.) Consists primarily of furniture and fixtures, agricultural
machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere
classified.
(5.) Consists primarily of manufactured homes, improvements,
dormitories, net purchases of used structures, and brokers' commissions
on the sale of residential structures.
(6.) Excludes net purchases of used structures and brokers' commissions
on the sale of structures.
Table 5.3.3. Real Private Fixed Investment by Type, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Private fixed investment 1 92.253 96.924
Nonresidential 2 87.302 90.157
Structures 3 80.346 75.810
Commercial and health care 4 79.789 74.227
Manufacturing 5 48.370 41.256
Power and communication 6 99.705 79.852
Mining exploration, shafts,
and wells 7 86.839 106.863
Other structures (1) 8 80.711 78.553
Equipment and software 9 89.947 95.679
Information processing
equipment and software 10 94.006 105.291
Computers and peripheral
equipment 11 113.768 151.298
Software (2) 12 92.855 97.197
Other (3) 13 86.456 94.409
Industrial equipment 14 86.294 86.411
Transportation equipment 15 78.058 75.618
Other equipment (4) 16 94.881 99.963
Residential 17 105.178 114.392
Structures 18 105.216 114.426
Permanent site 19 104.637 115.579
Single family 20 104.025 115.795
Multifamily 21 109.838 113.665
Other structures (5) 22 106.100 112.649
Equipment 23 102.813 112.240
Addenda:
Private fixed investment in
structures 24 94.835 98.345
Private fixed investment in
equipment and software 25 90.051 95.814
Private fixed investment in new
structures (6) 26 93.630 96.308
Nonresidential structures 27 80.484 75.950
Residential structures 28 104.365 112.870
Seasonally adjusted
2003 2004
III IV I
Private fixed investment 98.904 101.413 102.529
Nonresidential 91.802 94.235 95.204
Structures 75.955 77.406 75.886
Commercial and health care 74.739 73.538 71.796
Manufacturing 41.593 41.163 39.318
Power and communication 73.928 84.585 81.600
Mining exploration, shafts,
and wells 113.976 117.689 119.605
Other structures (1) 78.840 79.285 77.869
Equipment and software 97.917 100.735 102.699
Information processing
equipment and software 108.447 112.621 116.982
Computers and peripheral
equipment 159.785 171.109 173.806
Software (2) 99.124 101.347 105.355
Other (3) 96.762 100.200 105.333
Industrial equipment 86.913 85.923 87.305
Transportation equipment 77.257 79.468 76.298
Other equipment (4) 102.160 106.143 108.274
Residential 117.201 119.916 121.400
Structures 117.235 119.939 121.396
Permanent site 117.292 123.160 125.180
Single family 117.524 124.222 126.382
Multifamily 115.246 113.946 114.747
Other structures (5) 117.146 114.981 115.571
Equipment 115.040 118.530 121.900
Addenda:
Private fixed investment in
structures 100.055 102.240 102.480
Private fixed investment in
equipment and software 98.056 100.880 102.855
Private fixed investment in new
structures (6) 97.166 100.145 100.373
Nonresidential structures 76.102 77.537 76.014
Residential structures 114.292 118.507 120.115
Seasonally adjusted
II III
Private fixed investment 105.913 108.177
Nonresidential 98.041 101.070
Structures 77.171 77.108
Commercial and health care 75.348 75.463
Manufacturing 37.839 39.466
Power and communication 72.699 68.523
Mining exploration, shafts,
and wells 125.188 128.080
Other structures (1) 80.959 81.329
Equipment and software 106.157 110.455
Information processing
equipment and software 120.907 123.150
Computers and peripheral
equipment 184.318 193.320
Software (2) 107.579 109.503
Other (3) 108.535 108.780
Industrial equipment 87.752 93.187
Transportation equipment 80.847 87.209
Other equipment (4) 112.402 118.369
Residential 126.122 126.666
Structures 126.168 126.684
Permanent site 127.898 128.835
Single family 129.101 129.944
Multifamily 117.456 119.212
Other structures (5) 123.534 123.393
Equipment 123.005 125.619
Addenda:
Private fixed investment in
structures 105.817 106.096
Private fixed investment in
equipment and software 106.294 110.579
Private fixed investment in new
structures (6) 102.019 102.539
Nonresidential structures 77.278 77.201
Residential structures 122.073 123.063
(1.) Consists primarily of religious, educational, vocational, lodging,
railroads, farm, and amusement and recreational structures, net
purchases of used structures, and brokers' commissions on the sale of
structures.
(2.) Excludes software "embedded", or bundled, in computers and other
equipment.
(3.) Includes communication equipment, nonmedical instruments, medical
equipment and instruments, photocopy and related equipment, and office
and accounting equipment.
(4.) Consists primarily of furniture and fixtures, agricultural
machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere
classified.
(5.) Consists primarily of manufactured homes, improvements,
dormitories, net purchases of used structures, and brokers' commissions
on the sale of residential structures.
(6.) Excludes net purchases of used structures and brokers' commissions
on the sale of structures.
Table 5.3.4. Price Indexes for Private Fixed Investment by Type
[Index numbers, 2000=100]
Line 2002 2003
Private fixed investment 1 101.232 102.435
Nonresidential 2 98.909 98.546
Structures 3 107.908 110.176
Commercial and health care 4 106.346 109.279
Manufacturing 5 106.635 108.466
Power and communication 6 105.205 107.935
Mining exploration, shafts,
and wells 7 124.183 122.504
Other structures (1) 8 106.447 109.106
Equipment and software 9 95.868 94.754
Information processing
equipment and software 10 91.108 87.570
Computers and peripheral
equipment 11 70.541 62.100
Software (2) 12 98.881 96.862
Other (3) 13 95.778 94.763
Industrial equipment 14 100.849 101.641
Transportation equipment 15 102.340 104.064
Other equipment (4) 16 102.272 103.305
Residential 17 107.246 111.951
Structures 18 107.374 112.202
Permanent site 19 107.753 112.911
Single family 20 107.945 113.270
Multifamily 21 106.163 109.951
Other structures (5) 22 106.799 111.123
Equipment 23 99.562 96.804
Addenda:
Private fixed investment in
structures 24 107.599 111.569
Private fixed investment in
equipment and software 25 95.899 94.770
Private fixed investment in new
structures (6) 26 107.515 111.407
Nonresidential structures 27 107.926 110.212
Residential structures 28 107.178 112.003
Seasonally adjusted
2003 2004
III IV I
Private fixed investment 102.401 103.101 103.618
Nonresidential 98.431 98.729 98.793
Structures 110.255 110.633 111.926
Commercial and health care 109.251 110.250 111.436
Manufacturing 108.293 109.194 110.371
Power and communication 108.284 108.932 110.582
Mining exploration, shafts,
and wells 122.713 119.664 121.300
Other structures (1) 109.120 109.998 111.088
Equipment and software 94.588 94.862 94.611
Information processing
equipment and software 87.262 86.283 85.604
Computers and peripheral
equipment 61.341 60.053 59.030
Software (2) 96.820 95.459 95.229
Other (3) 94.605 94.348 93.613
Industrial equipment 101.754 101.950 102.970
Transportation equipment 103.743 109.654 109.754
Other equipment (4) 103.488 103.386 103.221
Residential 112.097 113.675 115.179
Structures 112.354 113.972 115.511
Permanent site 112.857 114.633 116.381
Single family 113.182 114.972 116.725
Multifamily 109.718 111.346 113.044
Other structures (5) 111.592 112.962 114.160
Equipment 96.547 95.757 95.148
Addenda:
Private fixed investment in
structures 111.693 112.920 114.382
Private fixed investment in
equipment and software 94.603 94.867 94.612
Private fixed investment in new
structures (6) 111.448 112.704 114.275
Nonresidential structures 110.290 110.676 111.979
Residential structures 112.031 113.753 115.463
Seasonally adjusted
2004
II III
Private fixed investment 104.709 105.513
Nonresidential 99.220 99.473
Structures 113.984 116.688
Commercial and health care 113.585 115.955
Manufacturing 112.497 114.843
Power and communication 114.409 117.471
Mining exploration, shafts,
and wells 121.461 125.890
Other structures (1) 112.995 115.192
Equipment and software 94.626 94.281
Information processing
equipment and software 85.016 84.399
Computers and peripheral
equipment 58.015 56.532
Software (2) 94.929 94.809
Other (3) 93.189 92.972
Industrial equipment 103.750 104.480
Transportation equipment 110.286 109.096
Other equipment (4) 104.371 104.797
Residential 117.710 119.722
Structures 118.093 120.153
Permanent site 119.304 121.825
Single family 119.657 122.186
Multifamily 115.883 118.332
Other structures (5) 116.194 117.528
Equipment 94.629 93.658
Addenda:
Private fixed investment in
structures 116.803 119.057
Private fixed investment in
equipment and software 94.623 94.272
Private fixed investment in new
structures (6) 116.881 119.395
Nonresidential structures 114.055 116.769
Residential structures 118.343 120.754
(1.) Consists primarily of religious, educational, vocational, lodging,
railroads, farm, and amusement and recreational structures, net
purchases of used structures, and brokers' commissions on the sale of
structures.
(2.) Excludes software "embedded", or bundled, in computers and other
equipment.
(3.) Includes communication equipment, nonmedical instruments, medical
equipment and instruments, photocopy and related equipment, and office
and accounting equipment.
(4.) Consists primarily of furniture and fixtures, agricultural
machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere
classified.
(5.) Consists primarily of manufactured homes, improvements,
dormitories, net purchases of used structures, and brokers' commissions
on the sale of residential structures.
(6.) Excludes net purchases of used structures and brokers' commissions
on the sale of structures.
Table 5.3.5. Private Fixed Investment by Type
[Billions of dollars]
Line 2002 2003
Private fixed investment 1 1,568.0 1,667.0
Nonresidential 2 1,063.9 1,094.7
Structures 3 271.6 261.6
Commercial and health care 4 116.7 111.6
Manufacturing 5 16.4 14.2
Power and communication 6 49.1 40.3
Mining exploration, shafts,
and wells 7 29.3 35.6
Other structures (1) 8 60.0 59.9
Equipment and software 9 792.4 833.1
Information processing
equipment and software 10 400.5 431.2
Computers and peripheral
equipment 11 81.4 95.3
Software (2) 12 161.7 165.8
Other (3) 13 157.3 170.0
Industrial equipment 14 138.6 139.8
Transportation equipment 15 126.0 126.6
Other equipment (4) 16 127.3 135.5
Residential 17 504.1 572.3
Structures 18 496.6 564.3
Permanent site 19 298.8 345.9
Single family 20 265.9 310.6
Multifamily 21 33.0 35.3
Other structures (5) 22 197.7 218.4
Equipment 23 7.5 8.0
Addenda:
Private fixed investment in
structures 24 768.1 825.9
Private fixed investment in
equipment and software 25 799.9 841.1
Private fixed investment in new
structures (6) 26 701.8 748.0
Nonresidential structures 27 271.2 261.3
Residential structures 28 430.7 486.7
Seasonally adjusted
at annual rates
2003 2004
III IV I
Private fixed investment 1,700.2 1,755.2 1,783.5
Nonresidential 1,113.3 1,146.3 1,158.8
Structures 262.3 268.2 266.0
Commercial and health care 112.3 111.5 110.0
Manufacturing 14.3 14.3 13.8
Power and communication 37.5 43.1 42.2
Mining exploration, shafts,
and wells 38.1 38.3 39.5
Other structures (1) 60.1 60.9 60.4
Equipment and software 851.1 878.1 892.8
Information processing
equipment and software 442.8 454.7 468.5
Computers and peripheral
equipment 99.7 104.5 104.4
Software (2) 169.1 170.5 176.8
Other (3) 174.0 179.7 187.4
Industrial equipment 140.8 139.5 143.1
Transportation equipment 128.8 140.0 134.5
Other equipment (4) 138.7 144.0 146.6
Residential 586.9 609.0 624.6
Structures 578.7 600.6 616.1
Permanent site 350.7 374.0 386.0
Single family 315.0 338.2 349.3
Multifamily 35.7 35.9 36.7
Other structures (5) 228.0 226.6 230.1
Equipment 8.2 8.4 8.5
Addenda:
Private fixed investment in
structures 841.0 868.8 882.1
Private fixed investment in
equipment and software 859.2 886.5 901.4
Private fixed investment in new
structures (6) 754.8 786.7 799.4
Nonresidential structures 262.0 267.8 265.7
Residential structures 492.8 518.8 533.8
Seasonally adjusted
at annual rates
2004
II III
Private fixed investment 1,861.7 1,916.1
Nonresidential 1,198.5 1,238.7
Structures 275.5 281.8
Commercial and health care 117.7 120.4
Manufacturing 13.5 14.4
Power and communication 38.9 37.7
Mining exploration, shafts,
and wells 41.4 43.9
Other structures (1) 63.9 65.5
Equipment and software 923.1 956.9
Information processing
equipment and software 480.9 486.3
Computers and peripheral
equipment 108.8 111.2
Software (2) 180.0 182.9
Other (3) 192.2 192.2
Industrial equipment 145.0 155.0
Transportation equipment 143.2 152.8
Other equipment (4) 153.9 162.8
Residential 663.2 677.4
Structures 654.6 668.8
Permanent site 404.3 415.8
Single family 365.8 376.0
Multifamily 38.5 39.9
Other structures (5) 250.4 253.0
Equipment 8.6 8.7
Addenda:
Private fixed investment in
structures 930.1 950.5
Private fixed investment in
equipment and software 931.6 965.6
Private fixed investment in new
structures (6) 831.1 853.3
Nonresidential structures 275.1 281.4
Residential structures 556.0 571.9
(1.) Consists primarily of religious, educational, vocational, lodging,
railroads, farm, and amusement and recreational structures, net
purchases of used structures, and brokers' commissions on the sale of
structures.
(2.) Excludes software "embedded", or bundled, in computers and other
equipment.
(3.) Includes communication equipment, nonmedical instruments, medical
equipment and instruments, photocopy and related equipment, and office
and accounting equipment.
(4.) Consists primarily of furniture and fixtures, agricultural
machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere
classified.
(5.) Consists primarily of manufactured homes, improvements,
dormitories, net purchases of used structures, and brokers' commissions
on the sale of residential structures.
(6.) Excludes net purchases of used structures and brokers' commissions
on the sale of structures.
Table 5.3.6. Real Private Fixed Investment by Type, Chained Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Private fixed investment 1 1,548.9 1,627.3
Nonresidential 2 1,075.6 1,110.8
Structures 3 251.6 237.4
Commercial and health care 4 109.8 102.1
Manufacturing 5 15.4 13.1
Power and communication 6 46.7 37.4
Mining exploration, shafts,
and wells 7 23.6 29.0
Other structures (1) 8 56.4 54.9
Equipment and software 9 826.5 879.2
Information processing
equipment and software 10 439.6 492.4
Computers and peripheral
equipment (2) 11
Software (3) 12 163.6 171.2
Other (4) 13 164.3 179.4
Industrial equipment 14 137.4 137.6
Transportation equipment 15 125.6 121.6
Other equipment (5) 16 124.5 131.2
Residential 17 470.0 511.2
Structures 18 462.5 503.0
Permanent site 19 277.3 306.3
Single family 20 246.3 274.2
Multifamily 21 31.0 32.1
Other structures (6) 22 185.1 196.6
Equipment 23 7.6 8.3
Residual 24 -3.8 -14.9
Addenda:
Private fixedinvestment in
structures 25 713.8 740.3
Private fixed investment in
equipment and software 26 834.1 887.5
Private fixed investment
software, in new
structures (7) 27 652.7 671.4
Nonresidential structures 28 251.2 237.1
Residential structures 29 401.8 434.6
Seasonally adjusted at
annual rates
2003 2004
III IV I
Private fixed investment 1,660.6 1,702.7 1,721.4
Nonresidential 1,131.1 1,161.0 1,173.0
Structures 237.9 242.4 237.7
Commercial and health care 102.8 101.2 98.8
Manufacturing 13.2 13.1 12.5
Power and communication 34.6 39.6 38.2
Mining exploration, shafts,
and wells 31.0 32.0 32.5
Other structures (1) 55.1 55.4 54.4
Equipment and software 899.7 925.6 943.7
Information processing
equipment and software 507.1 526.6 547.0
Computers and peripheral
equipment (2)
Software (3) 174.6 178.5 185.6
Other (4) 183.9 190.4 200.2
Industrial equipment 138.4 136.8 139.0
Transportation equipment 124.3 127.8 122.7
Other equipment (5) 134.0 139.3 142.1
Residential 523.8 535.9 542.5
Structures 515.3 527.2 533.6
Permanent site 310.9 326.4 331.8
Single family 278.3 294.1 299.3
Multifamily 32.6 32.2 32.4
Other structures (6) 204.4 200.6 201.7
Equipment 8.5 8.7 9.0
Residual -17.2 -20.6 -23.3
Addenda:
Private fixedinvestment in
structures 753.1 769.6 771.4
Private fixed investment in
equipment and software 908.2 934.4 952.7
Private fixed investment
software, in new
structures (7) 677.4 698.2 699.7
Nonresidential structures 237.5 242.0 237.3
Residential structures 440.0 456.3 462.4
Seasonally adjusted
at annual rates
2004
II III
Private fixed investment 1,778.3 1,816.3
Nonresidential 1,207.9 1,245.3
Structures 241.7 241.5
Commercial and health care 103.6 103.8
Manufacturing 12.0 12.6
Power and communication 34.0 32.1
Mining exploration, shafts,
and wells 34.0 34.8
Other structures (1) 56.6 56.8
Equipment and software 975.5 1,015.0
Information processing
equipment and software 565.4 575.9
Computers and peripheral
equipment (2)
Software (3) 189.5 192.9
Other (4) 206.2 206.7
Industrial equipment 139.7 148.4
Transportation equipment 130.0 140.3
Other equipment (5) 147.5 155.3
Residential 563.6 566.1
Structures 554.6 556.8
Permanent site 339.0 341.5
Single family 305.7 307.7
Multifamily 33.2 33.7
Other structures (6) 215.6 215.3
Equipment 9.1 9.2
Residual -25.4 -29.4
Addenda:
Private fixedinvestment in
structures 796.5 798.6
Private fixed investment in
equipment and software 984.5 1,024.2
Private fixed investment
software, in new
structures (7) 711.2 714.8
Nonresidential structures 241.2 241.0
Residential structures 470.0 473.8
(1.) Consists primarily of religious, educational, vocational, lodging,
railroads, farm, and amusement and recreational structures, net
purchases of used structures, and brokers' commissions on the sale of
structures.
(2.) The quantity index for computers can be used to accurately measure
the real growth rate of this component. However, because computers
exhibit rapid changes in prices relative to other prices in the economy,
the chained-dollar estimates should not be used to measure the
component's relative importance or its contribution to the growth rate
of more aggregate series; accurate estimates of these contributions are
shown in table 5.3.2 and real growth rates are shown in table 5.3.1.
(3.) Excludes software "embedded," or bundled, in computers and other
equipment.
(4.) Includes communication equipment, nonmedical instruments, medical
equipment and instruments, photocopy and related equipment, and office
and accounting equipment.
(5.) Consists primarily of furniture and fixtures, agricultural
machinery, construction machinery, mining and oilfield machinery,
service industry machinery, and electrical equipment not elsewhere
classified.
(6.) Consists primarily of manufactured homes, improvements,
dormitories, net purchases of used structures, and brokers' commisions
on the sale of residential structures.
(7.) Excludes net purchases of used structures and brokers' commissions
on the sale of structures.
NOTE. Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100 Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive The
residual line is the difference between the first line and the sum of
the most detailed lines.
Table 5.6.5B. Change in Private Inventories by Industry
[Billions of dollars]
Line 2002 2003
Change in private
inventories 1 11.2 -1.2
Farm 2 -1.5 0.3
Mining, utilities, and construction 3 -4.2 0.2
Manufacturing 4 -7.4 -15.4
Durable goods industries 5 -9.3 -11.3
Nondurable goods industries 6 1.9 -4.1
Wholesale trade 7 -0.3 -0.3
Durable goods industries 8 -1.0 -0.3
Nondurable goods industries 9 0.6 0.0
Retail trade 10 26.2 13.0
Motor vehicle and parts dealers 11 18.7 6.1
Food and beverage stores 12 0.7 -0.5
General merchandise stores 13 1.6 0.7
Other retail stores 14 5.3 6.7
Other industries 15 -1.6 1.0
Addenda:
Change in private inventories 16 11.2 -1.2
Durable goods industries 17 13.2 0.6
Nondurable goods industries 18 -2.0 -1.8
Nonfarm industries 19 12.7 -1.5
Nonfarm change in book
value (1) 20 17.0 16.9
Nonfarm inventory valuation
adjustment (2) 21 -4.3 -18.3
Wholesale trade 22 -0.3 -0.3
Merchant wholesale trade 23 -1.2 1.5
Durable goods industries 24 -1.5 1.1
Nondurable goods
industries 25 0.3 0.4
Nonmerchant wholesale
trade 26 0.9 -1.8
Seasonally adjusted at
annual rates
2003 2004
III IV I
Change in private
inventories -3.7 3.5 36.2
Farm -0.9 -0.9 1.0
Mining, utilities, and construction 1.4 3.8 -5.2
Manufacturing -20.6 -13.5 3.2
Durable goods industries -17.6 -1.9 -2.2
Nondurable goods industries -3.1 -11.6 5.4
Wholesale trade 2.2 3.8 8.8
Durable goods industries -6.8 9.6 11.1
Nondurable goods industries 9.0 -5.8 -2.3
Retail trade 13.7 9.5 25.6
Motor vehicle and parts dealers 4.1 -0.8 17.9
Food and beverage stores 0.8 -2.3 0.3
General merchandise stores 0.6 3.3 3.0
Other retail stores 8.2 9.3 4.4
Other industries 0.5 0.8 2.8
Addenda:
Change in private inventories -3.7 3.5 36.2
Durable goods industries -13.2 14.9 31.2
Nondurable goods industries 9.5 -11.4 5.0
Nonfarm industries -2.8 4.5 35.2
Nonfarm change in book
value (1) 0.3 31.7 82.0
Nonfarm inventory valuation
adjustment (2) -3.1 -27.2 -46.8
Wholesale trade 2.2 3.8 8.8
Merchant wholesale trade 4.4 4.2 7.6
Durable goods industries -4.7 9.5 10.4
Nondurable goods
industries 9.1 -5.3 -2.8
Nonmerchant wholesale
trade -2.2 -0.4 1.2
Seasonally
adjusted
at annual rates
2004
II III
Change in private
inventories 59.0 33.3
Farm -2.4 0.0
Mining, utilities, and construction -2.0 6.2
Manufacturing 9.6 7.8
Durable goods industries 6.0 6.5
Nondurable goods industries 3.6 1.4
Wholesale trade 21.2 34.6
Durable goods industries 16.7 26.4
Nondurable goods industries 4.5 8.2
Retail trade 30.2 -19.5
Motor vehicle and parts dealers 16.4 -21.9
Food and beverage stores 1.8 -0.2
General merchandise stores 2.8 0.7
Other retail stores 9.2 2.0
Other industries 2.3 4.2
Addenda:
Change in private inventories 59.0 33.3
Durable goods industries 47.4 13.5
Nondurable goods industries 11.6 19.8
Nonfarm industries 61.4 33.3
Nonfarm change in book
value (1) 119.2 76.8
Nonfarm inventory valuation
adjustment (2) -57.8 -43.5
Wholesale trade 21.2 34.6
Merchant wholesale trade 16.5 30.9
Durable goods industries 15.3 23.0
Nondurable goods
industries 1.3 7.9
Nonmerchant wholesale
trade 4.6 3.7
(1.) This series is derived from the Census Bureau series "current cost
inventories."
(2.) The inventory valuation adjustment (IVA) shown in this table
differs from the IVA that adjusts business incomes. The IVA in this
table reflects the mix of methods (such as first-in, first-out and
last-in, first-out) underlying inventories derived primarily from
Census Bureau statistics (see footnote 1). This mix differs from that
underlying business income derived primarily from Internal Revenue
Service statistics.
NOTE. Estimates in this table are based on the North American Industry
Classification System (NAICS).
Table 5.6.6B. Real Change in Private Inventories by Industry, Chained
Dollars
[Billions of chained (2000) dollars]
Line 2002 2003
Change in private
inventories 1 11.7 -0.8
Farm 2 -1.6 0.3
Mining, utilities, and construction 3 -4.2 0.3
Manufacturing 4 -7.5 -15.2
Durable goods industries 5 -9.5 -11.4
Nondurable goods industries 6 2.0 -3.9
Wholesale trade 7 0.1 0.0
Durable goods industries 8 -1.0 -0.3
Nondurable goods industries 9 1.1 0.3
Retail trade 10 26.3 13.1
Motor vehicle and parts dealers 11 18.9 6.2
Food and beverage stores 12 0.7 -0.4
General merchandise stores 13 1.6 0.7
Other retail stores 14 5.3 6.7
Other industries 15 -1.6 1.0
Residual 16 0.0 -0.3
Addenda:
Change in private inventories 17 11.7 -0.8
Durable goods industries 18 13.4 0.4
Nondurable goods industries 19 -1.5 -1.1
Nonfarm industries 20 13.5 -1.1
Wholesale trade 21 0.1 0.0
Merchant wholesale trade 22 -0.8 1.8
Durable goods industries 23 -1.6 1.1
Nondurable goods
industries 24 0.8 0.7
Nonmerchant wholesale
trade 25 0.9 -1.8
Seasonally adjusted
at annual rates
2003 2004
III IV I
Change in private
inventories -3.5 8.6 40.0
Farm -0.7 3.5 5.1
Mining, utilities, and construction 1.2 3.5 -4.5
Manufacturing -20.4 -13.1 3.0
Durable goods industries -17.7 -1.8 -2.2
Nondurable goods industries -2.9 -10.9 5.0
Wholesale trade 2.3 4.0 8.5
Durable goods industries -6.9 9.7 11.1
Nondurable goods industries 8.6 -5.2 -2.0
Retail trade 13.7 9.4 25.6
Motor vehicle and parts dealers 4.3 -0.9 18.7
Food and beverage stores 0.8 -2.1 0.3
General merchandise stores 0.6 3.3 3.0
Other retail stores 8.2 9.2 4.3
Other industries 0.5 0.8 2.8
Residual 0.5 -0.5 -1.6
Addenda:
Change in private inventories -3.5 8.6 40.0
Durable goods industries -13.5 14.9 31.3
Nondurable goods industries 9.2 -5.5 9.8
Nonfarm industries -2.7 4.6 34.5
Wholesale trade 2.3 4.0 8.5
Merchant wholesale trade 4.4 4.3 7.4
Durable goods industries -4.8 9.6 10.3
Nondurable goods
industries 8.6 -4.7 -2.5
Nonmerchant wholesale
trade -2.2 -0.3 1.2
Seasonally
adjusted
at annual rates
2004
II III
Change in private
inventories 61.1 35.9
Farm 3.0 3.9
Mining, utilities, and construction -1.7 5.1
Manufacturing 9.1 7.5
Durable goods industries 5.9 6.2
Nondurable goods industries 3.3 1.4
Wholesale trade 20.0 32.5
Durable goods industries 16.4 25.5
Nondurable goods industries 4.0 7.5
Retail trade 29.9 -19.2
Motor vehicle and parts dealers 17.1 -22.7
Food and beverage stores 1.6 -0.2
General merchandise stores 0.7
Other retail stores 8.9 1.9
Other industries 2.3 4.2
Residual -2.4 2.4
Addenda:
Change in private inventories 61.1 35.9
Durable goods industries 46.8 13.0
Nondurable goods industries 16.1 22.6
Nonfarm industries 58.8 31.8
Wholesale trade 20.0 32.5
Merchant wholesale trade 15.7 29.1
Durable goods industries 15.0 22.2
Nondurable goods
industries 1.2 7.2
Nonmerchant wholesale
trade 4.4 3.4
NOTE. Estimates in this table are based on the North American Industry
Classification System (NAICS).
Chained (2000) dollar series for real change in private inventories are
calculated as the period-to-period change in chained-dollar
end-of-period inventories. Quarterly changes in end-of-period
inventories are stated at annual rates. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of
the most detailed lines.
Table 5.7.5B. Private Inventories and Domestic Final Sales by Industry
[Billions of dollars]
Seasonally adjusted
quarterly totals
2003
Line III IV
Private inventories (1) 1 1,534.8 1,552.5
Farm 2 149.5 152.0
Mining, utilities, and
construction 3 51.9 52.3
Manufacturing 4 437.6 442.0
Durable goods industries 5 254.7 257.6
Nondurable goods industries 6 182.9 184.4
Wholesale trade 7 350.2 357.7
Durable goods industries 8 198.4 203.0
Nondurable goods industries 9 151.7 154.7
Retail trade 10 432.8 435.2
Motor vehicle and parts dealers 11 145.4 143.5
Food and beverage stores 12 35.7 35.6
General merchandise stores 13 66.0 67.1
Other retail stores 14 185.7 189.0
Other industries 15 113.0 113.3
Addenda:
Private inventories 16 1,534.8 1,552.5
Durable goods industries 17 684.5 692.5
Nondurable goods industries 18 850.3 859.9
Nonfarm industries 19 1,385.4 1,400.4
Wholesale trade 20 350.2 357.7
Merchant wholesale trade 21 302.1 308.6
Durable goods industries 22 172.3 176.7
Nondurable goods
industries 23 129.8 131.9
Nonmerchant wholesale trade 24 48.0 49.1
Final sales of domestic
business (2) 25 715.3 723.5
Final sales of goods and
structures of domestic
business (2) 26 392.5 397.8
Ratios of private inventories to
final sales of domestic
business:
Private inventories to final
sales 27 2.15 2.15
Nonfarm inventories to final
sales 28 1.94 1.94
Nonfarm inventories to final
sales of goods and structures 29 3.53 3.52
Seasonally adjusted quarterly
totals
2004
I II III
Private inventories (1) 1,606.0 1,645.8 1,658.4
Farm 175.4 178.6 162.1
Mining, utilities, and
construction 53.9 55.4 58.0
Manufacturing 452.1 463.7 478.2
Durable goods industries 263.5 268.6 276.7
Nondurable goods industries 188.6 195.0 201.5
Wholesale trade 366.6 376.4 388.8
Durable goods industries 209.5 216.4 226.8
Nondurable goods industries 157.1 160.0 161.9
Retail trade 443.8 456.3 454.1
Motor vehicle and parts dealers 148.3 153.8 149.2
Food and beverage stores 35.8 37.0 36.8
General merchandise stores 68.1 69.3 69.5
Other retail stores 191.6 196.3 198.6
Other industries 114.3 115.4 117.1
Addenda:
Private inventories 1,606.0 1,645.8 1,658.4
Durable goods industries 711.8 733.7 749.5
Nondurable goods industries 894.2 912.0 908.9
Nonfarm industries 1,430.6 1,467.2 1,496.3
Wholesale trade 366.6 376.4 388.8
Merchant wholesale trade 316.2 323.9 333.7
Durable goods industries 182.6 188.9 198.1
Nondurable goods
industries 133.6 135.0 135.6
Nonmerchant wholesale trade 50.4 52.5 55.0
Final sales of domestic
business (2) 733.9 745.1 757.2
Final sales of goods and
structures of domestic
business (2) 403.0 409.7 418.0
Ratios of private inventories to
final sales of domestic
business:
Private inventories to final
sales 2.19 2.21 2.19
Nonfarm inventories to final
sales 1.95 1.97 1.98
Nonfarm inventories to final
sales of goods and structures 3.55 3.58 3.58
(1.) Inventories are as of the end of the quarter. The
quarter-to-quarter change in inventories calculated from current-dollar
inventories in this table is not the current-dollar change in private
inventories component of GDP. The former is the difference between two
inventory stocks, each valued at its respective end-of-quarter prices.
The latter is the change in the physical volume of inventories valued
at average prices of the quarter. In addition, changes calculated from
this table are at quarterly rates, whereas, the change in private
inventories is stated at annual rates.
(2.) Quarterly totals at monthly rates. Final sales of domestic
business equals final sales of domestic product less gross value added
of households and institutions and of general government, and it
includes a small amount of final sales by farm and by government
enterprises.
NOTE. Estimates in this table are based on the North American Industry
Classification System (NAICS).
Table 5.7.6B. Real Private Inventories and Real Domestic Final Sales
by Industry, Chained Dollars
[Billions of chained (2000) dollars]
Seasonally adjusted
quarterly totals
Line 2003
III IV
Private inventories (1) 1 1,497.8 1,499.9
Farm 2 124.3 125.1
Mining, utilities, and construction 3 46.9 47.8
Manufacturing 4 433.5 430.2
Durable goods industries 5 257.1 256.6
Nondurable goods industries 6 176.2 173.5
Wholesale trade 7 346.5 347.5
Durable goods industries 8 202.5 205.0
Nondurable goods industries 9 143.6 142.3
Retail trade 10 433.3 435.6
Motor vehicle and parts dealers 11 150.8 150.6
Food and beverage stores 12 33.3 32.7
General merchandise stores 13 65.0 65.8
Other retail stores 14 184.6 186.9
Other industries 15 113.1 113.3
Residual 16 0.4 0.3
Addenda:
Private inventories 17 1,497.8 1,499.9
Durable goods industries 18 697.0 700.7
Nondurable goods industries 19 800.5 799.1
Nonfarm industries 20 1,373.7 1,374.8
Wholesale trade 21 346.5 347.5
Merchant wholesale trade 22 298.6 299.7
Durable goods industries 23 175.7 178.1
Nondurable goods industries 24 122.5 121.4
Nonmerchant wholesale trade 25 47.9 47.8
Final sales of domestic
business (2) 26 612.1 618.7
Final sales of goods and
structures of domestic
business (2) 27 382.9 387.3
Ratios of private inventories to
final sales of domestic business:
Private inventories to final sales 28 2.45 2.42
Nonfarm inventories to final sales 29 2.24 2.22
Nonfarm inventories to final sales of
goods and structures 30 3.59 3.55
Seasonally adjusted quarterly
totals
2004
I II III
Private inventories (1) 1,509.9 1,525.2 1,534.2
Farm 126.4 127.2 128.1
Mining, utilities, and construction 46.6 46.2 47.5
Manufacturing 430.9 433.2 435.1
Durable goods industries 256.1 257.5 259.1
Nondurable goods industries 174.7 175.5 175.9
Wholesale trade 349.7 354.7 362.8
Durable goods industries 207.7 211.8 218.2
Nondurable goods industries 141.8 142.8 144.7
Retail trade 442.0 449.5 444.7
Motor vehicle and parts dealers 155.2 159.5 153.8
Food and beverage stores 32.8 33.2 33.2
General merchandise stores 66.5 67.2 67.4
Other retail stores 187.9 190.2 190.6
Other industries 114.0 114.6 115.6
Residual 0.2 -0.5 0.1
Addenda:
Private inventories 1,509.9 1,525.2 1,534.2
Durable goods industries 708.5 720.2 723.5
Nondurable goods industries 801.5 805.6 811.2
Nonfarm industries 1,383.5 1,398.2 1,406.1
Wholesale trade 349.7 354.7 362.8
Merchant wholesale trade 301.5 305.5 312.7
Durable goods industries 180.7 184.4 189.9
Nondurable goods industries 120.8 121.0 122.8
Nonmerchant wholesale trade 48.1 49.2 50.1
Final sales of domestic
business (2) 624.5 628.7 637.5
Final sales of goods and
structures of domestic
business (2) 390.8 393.5 401.4
Ratios of private inventories to
final sales of domestic business:
Private inventories to final sales 2.42 2.43 2.41
Nonfarm inventories to final sales 2.22 2.22 2.21
Nonfarm inventories to final sales of
goods and structures 3.54 3.55 3.50
(1.) Inventories are as of the end of the quarter. The
quarter-to-quarter changes calculated from this table are at quarterly
rates, whereas the change in private inventories component of GDP is
stated at annual rates.
(2.) Quarterly totals at monthly rates. Final sales of domestic
business equals final sales of domestic product less gross value added
of households and institutions and of general government, and it
includes a small amount of final sales by farm and by government
enterprises.
NOTE. Estimates in this table are based on the North American Industry
Classification System (NAICS).
Chained (2000) dollar inventory series are calculated to ensure that
the chained (2000) dollar change in inventories for 2000 equals the
current-dollar change in inventories for 2000 and that the average of
the 1999 and 2000 end-of-year chain-weighted and fixed-weighted
inventories are equal.
Table 5.7.9B. Implicit Price Deflators for Private Inventories by
Industry
[Index numbers, 2000=100]
Seasonally adjusted
Line 2003
III IV
Private inventories (1) 1 102.474 103.505
Farm 2 120.284 121.492
Mining, utilities, and construction 3 110.615 109.532
Manufacturing 4 100.951 102.741
Durable goods industries 5 99.075 100.390
Nondurable goods industries 6 103.808 106.295
Wholesale trade 7 101.041 102.907
Durable goods industries 8 97.966 99.034
Nondurable goods industries 9 105.654 108.666
Retail trade 10 99.880 99.902
Motor vehicle and parts dealers 11 96.414 95.331
Food and beverage stores 12 107.276 108.693
General merchandise stores 13 101.626 101.992
Other retail stores 14 100.590 101.134
Other industries 15 99.906 100.004
Addenda:
Private inventories 16 102.474 103.505
Durable goods industries 17 98.218 98.839
Nondurable goods industries 18 106.226 107.615
Nonfarm industries 19 100.849 101.862
Wholesale trade 20 101.041 102.907
Merchant wholesale trade 21 101.170 102.961
Durable goads industries 22 98.095 99.210
Nondurable goods industries 23 105.913 108.691
Nonmerchant wholesale trade 24 100.242 102.584
Seasonally adjusted quarterly
totals
2004
I II III
Private inventories (1) 106.362 107.905 108.095
Farm 138.741 140.419 126.487
Mining, utilities, and construction 115.478 119.907 122.223
Manufacturing 104.904 107.030 109.914
Durable goods industries 102.914 104.314 106.820
Nondurable goods industries 107.928 111.119 114.562
Wholesale trade 104.828 106.120 107.158
Durable goods industries 100.851 102.176 103.957
Nondurable goods industries 110.741 111.984 111.910
Retail trade 100.400 101.517 102.121
Motor vehicle and parts dealers 95.515 96.427 97.012
Food and beverage stores 108.989 111.247 110.950
General merchandise stores 102.371 103.034 103.144
Other retail stores 101.965 103.208 104.158
Other industries 100.275 100.736 101.312
Addenda:
Private inventories 106.362 107.905 108.095
Durable goods industries 100.468 101.878 103.591
Nondurable goods industries 111.554 113.215 112.045
Nonfarm industries 103.407 104.938 106.414
Wholesale trade 104.828 106.120 107.158
Merchant wholesale trade 104.861 106.035 106.716
Durable goads industries 101.084 102.433 104.293
Nondurable goods industries 110.636 111.545 110.416
Nonmerchant wholesale trade 104.631 106.662 109.919
(1.) Implicit price deflators are as of the end of the quarter and are
consistent with inventory stocks.
NOTE. Estimates in this table are based on the North American Industry
Classification System (NAICS).
6. Income and Equipment by Industry
Table 6.1D. National Income Without Capital Consumption Adjustment by
Industry
[Billions of dollars]
Line 2002
National income without capital
consumption adjustment 1 9,011.8
Domestic industries 2 8,984.7
Private industries 3 7,861.6
Agriculture, forestry, fishing, and hunting 4 66.9
Mining 5 79.1
Utilities 6 146.0
Construction 7 460.8
Manufacturing 8 1,074.8
Durable goods 9 615.0
Nondurable goods 10 459.8
Wholesale trade 11 554.2
Retail trade 12 708.2
Transportation and warehousing 13 248.5
Information 14 306.6
Finance, insurance, real estate, rental, and
leasing 15 1,672.3
Professional and business services (1) 16 1,205.2
Educational services, health care, and
social assistance 17 774.9
Arts, entertainment, recreation,
accommodation, and food services 18 328.7
Other services, except government 19 235.4
Government 20 1,123.2
Rest of the world 21 27.0
Seaso-
nally
adjusted
at
annual
rates
2003 2003
III
National income without capital
consumption adjustment 9,396.6 9,462.1
Domestic industries 9,341.5 9,410.5
Private industries 8,158.7 8,222.2
Agriculture, forestry, fishing, and hunting 75.8 78.1
Mining 94.9 95.7
Utilities 156.0 156.8
Construction 476.5 479.0
Manufacturing 1,113.1 1,111.2
Durable goods 639.2 634.8
Nondurable goods 473.9 476.4
Wholesale trade 569.6 576.9
Retail trade 725.8 730.2
Transportation and warehousing 259.9 263.6
Information 310.7 320.7
Finance, insurance, real estate, rental, and
leasing 1,740.8 1,765.5
Professional and business services (1) 1,226.4 1,227.7
Educational services, health care, and
social assistance 824.8 830.5
Arts, entertainment, recreation,
accommodation, and food services 339.5 340.7
Other services, except government 244.9 245.6
Government 1,182.8 1,188.3
Rest of the world 55.1 51.6
Seasonally
adjusted at
annual rates
2003 2004
IV I
National income without capital
consumption adjustment 9,647.7 9,744.7
Domestic industries 9,560.6 9,671.2
Private industries 8,363.9 8,455.9
Agriculture, forestry, fishing, and hunting 80.5 76.5
Mining 99.7 100.3
Utilities 162.9 164.4
Construction 488.5 492.0
Manufacturing 1,158.2 1,145.9
Durable goods 666.0 656.8
Nondurable goods 492.2 489.2
Wholesale trade 580.9 583.0
Retail trade 735.0 740.2
Transportation and warehousing 267.3 269.2
Information 313.0 311.9
Finance, insurance, real estate, rental, and
leasing 1,790.2 1,846.8
Professional and business services (1) 1,248.9 1,271.2
Educational services, health care, and
social assistance 843.4 853.2
Arts, entertainment, recreation,
accommodation, and food services 346.2 350.3
Other services, except government 249.2 251.0
Government 1,196.7 1,215.2
Rest of the world 87.2 73.5
Seasonally
adjusted at
annual rates
2004
II III
National income without capital
consumption adjustment 9,883.2 9,939.4
Domestic industries 9,847.0 9,895.7
Private industries 8,626.4 8,667.1
Agriculture, forestry, fishing, and hunting 79.4
Mining 105.6
Utilities 165.1
Construction 504.5
Manufacturing 1,177.3
Durable goods 679.5
Nondurable goods 497.7
Wholesale trade 597.4
Retail trade 743.4
Transportation and warehousing 277.4
Information 340.1
Finance, insurance, real estate, rental, and
leasing 1,874.2
Professional and business services (1) 1,281.7
Educational services, health care, and
social assistance 869.2
Arts, entertainment, recreation,
accommodation, and food services 356.2
Other services, except government 254.7
Government 1,220.6 1,228.7
Rest of the world 36.1 43.6
(1.) Consists of professional, scientific, and technical services;
management of companies and enterprises; and administrative and waste
management services.
NOTE. Estimates in this table are based on the 1997 North American
Industry Classification System (NAICS).
Table 6.16D. Corporate Profits by Industry
[Billions of dollars]
Line 2002
Corporate profits with inventory valuation
and capital consumption adjustments 1 874.6
Domestic industries 2 716.8
Financial (1) 3 298.4
Nonfinancial 4 418.4
Rest of the world 5 157.8
Receipts from the rest of the world 6 206.0
Less: Payments to the rest of the world 7 48.2
Corporate profits with inventory valuation
adjustment 8 756.8
Domestic industries 9 599.0
Financial 10 276.2
Federal Reserve banks 11 22.9
Other financial (2) 12 253.3
Nonfinancial 13 322.8
Utilities 14 11.4
Manufacturing 15 50.7
Durable goods 16 -8.3
Fabricated metal products 17 9.3
Machinery 18 1.6
Computer and electronic products 19 -32.9
Electrical equipment, appliances, and
components 20 -0.2
Motor vehicles, bodies and trailers,
and parts 21 -6.0
Other durable goods (3) 22 19.8
Nondurable goods 23 58.9
Food and beverage and tobacco products 24 24.1
Petroleum and coal products 25 4.0
Chemical products 26 17.1
Other nondurable goods (4) 27 13.6
Wholesale trade 28 51.0
Retail trade 29 78.1
Transportation and warehousing 30 -1.3
Information 31 -11.2
Other nonfinancial (5) 32 144.2
Rest of the world 33 157.8
Seaso-
nally
adjusted
at
annual
rates
2003 2003
III
Corporate profits with inventory valuation
and capital consumption adjustments 1,021.1 1,057.1
Domestic industries 844.2 883.7
Financial (1) 327.8 336.4
Nonfinancial 516.4 547.3
Rest of the world 176.9 173.4
Receipts from the rest of the world 250.7 253.1
Less: Payments to the rest of the world 73.8 79.7
Corporate profits with inventory valuation
adjustment 860.4 877.2
Domestic industries 683.4 703.8
Financial 299.8 306.1
Federal Reserve banks 19.2 18.5
Other financial (2) 280.6 287.6
Nonfinancial 383.6 397.6
Utilities 18.8 18.6
Manufacturing 67.3 66.8
Durable goods -3.5 -7.5
Fabricated metal products 10.1 10.1
Machinery -0.5 1.1
Computer and electronic products -15.4 -15.2
Electrical equipment, appliances, and
components -3.2 -4.3
Motor vehicles, bodies and trailers,
and parts -6.2 -11.4
Other durable goods (3) 11.8 12.2
Nondurable goods 70.7 74.2
Food and beverage and tobacco products 27.7 28.6
Petroleum and coal products 14.8 12.6
Chemical products 21.2 24.5
Other nondurable goods (4) 7.1 8.5
Wholesale trade 47.9 53.1
Retail trade 77.7 78.9
Transportation and warehousing 10.5 11.9
Information -0.7 6.7
Other nonfinancial (5) 162.1 161.7
Rest of the world 176.9 173.4
Seasonally
adjusted
at annual rates
2003 2004
IV I
Corporate profits with inventory valuation
and capital consumption adjustments 1,129.1 1,165.6
Domestic industries 913.3 960.3
Financial (1) 335.9 355.7
Nonfinancial 577.3 604.6
Rest of the world 215.8 205.3
Receipts from the rest of the world 293.4 299.0
Less: Payments to the rest of the world 77.5 93.7
Corporate profits with inventory valuation
adjustment 941.9 925.4
Domestic industries 726.1 720.0
Financial 305.3 313.7
Federal Reserve banks 17.6 18.2
Other financial (2) 287.8 295.5
Nonfinancial 420.7 406.4
Utilities 24.3 23.2
Manufacturing 93.4 81.5
Durable goods 9.3 2.8
Fabricated metal products 13.2 11.8
Machinery 1.1 2.2
Computer and electronic products -14.0 -17.2
Electrical equipment, appliances, and
components -4.4 -8.1
Motor vehicles, bodies and trailers,
and parts -5.0 -0.5
Other durable goods (3) 18.4 14.6
Nondurable goods 84.1 78.6
Food and beverage and tobacco products 34.2 31.1
Petroleum and coal products 18.7 24.5
Chemical products 21.3 14.1
Other nondurable goods (4) 9.8 8.9
Wholesale trade 50.1 46.0
Retail trade 74.7 80.0
Transportation and warehousing 12.4 11.7
Information -1.0 -6.6
Other nonfinancial (5) 166.8 170.7
Rest of the world 215.8 205.3
Seasonally
adjusted
at annual rates
2004
II III
Corporate profits with inventory valuation
and capital consumption adjustments 1,173.9 1,146.3
Domestic industries 988.6 952.1
Financial (1) 347.8 301.1
Nonfinancial 640.8 651.0
Rest of the world 185.3 194.1
Receipts from the rest of the world 305.6 311.9
Less: Payments to the rest of the world 120.3 117.8
Corporate profits with inventory valuation
adjustment 940.6 925.0
Domestic industries 755.2 730.9
Financial 306.4 259.9
Federal Reserve banks 18.1 19.0
Other financial (2) 288.3 240.9
Nonfinancial 448.8 471.0
Utilities 21.5
Manufacturing 94.8
Durable goods 14.9
Fabricated metal products 12.1
Machinery 3.6
Computer and electronic products -15.9
Electrical equipment, appliances, and
components -1.6
Motor vehicles, bodies and trailers,
and parts -1.2
Other durable goods (3) 18.0
Nondurable goods 79.9
Food and beverage and tobacco products 27.9
Petroleum and coal products 27.3
Chemical products 13.7
Other nondurable goods (4) 11.0
Wholesale trade 52.2
Retail trade 73.1
Transportation and warehousing 15.5
Information 16.5
Other nonfinancial (5) 175.1
Rest of the world 185.3 194.1
(1.) Consists of finance and insurance and bank and other holding
companies.
(2.) Consists of credit intermediation and related activities;
securities, commodity contracts, and other financial investments and
related activities; insurance carriers and related activities; funds,
trusts, and other financial vehicles; and bank and other holding
companies.
(3.) Consists of wood products; nonmetallic mineral products; primary
metals; other transportation equipment; furniture and related products;
and miscellaneous manufacturing.
(4.) Consists of textile mills and textile product mills; apparel;
leather and allied products; paper products; printing and related
support activities; and plastics and rubber products.
(5.) Consists of agriculture, forestry, fishing, and hunting; mining;
construction; real estate and rental and leasing; professional,
scientific, and technical services; administrative and waste management
services; educational services; health care and social assistance;
arts, entertainment, and recreation; accommodation and food services;
and other services, except government.
NOTE. Estimates in this table are based on the 1997 North American
Industry Classification System (NAICS).
7. Supplemental Tables
Table 7.1. Selected Per Capita Product and Income Series in Current and
Chained Dollars
[Dollars]
Line 2002 2003
Current dollars:
Gross domestic product 1 36,383 37,804
Gross national product 2 36,477 37,993
Personal income 3 30,804 31,475
Disposable personal income 4 27,157 28,033
Personal consumption
expenditures 5 25,590 26,662
Durable goods 6 3,178 3,266
Nondurablegoods 7 7,217 7,558
Services 8 15,195 15,838
Chained (2000) dollars:
Gross domestic product 9 34,953 35,664
Gross national product 10 35,046 35,845
Disposable personal income 11 26,227 26,569
Personal consumption
expenditures 12 24,713 25,269
Durable goods 13 3,329 3,541
Nondurablegoods 14 7,068 7,257
Services 15 14,324 14,498
Population (midperiod, thousands) 16 288,240 291,085
Seasonally adjusted at
annual rates
2003 2004
III IV I
Current dollars:
Gross domestic product 38,143 38,574 39,177
Gross national product 38,320 38,872 39,428
Personal income 31,599 31,931 32,253
Disposable personal income 28,368 28,476 28,816
Personal consumption
expenditures 26,840 27,088 27,524
Durable goods 3,337 3,324 3,334
Nondurablegoods 7,614 7,701 7,911
Services 15,889 16,064 16,280
Chained (2000) dollars:
Gross domestic product 35,934 36,212 36,530
Gross national product 36,102 36,494 36,767
Disposable personal income 26,842 26,865 26,967
Personal consumption
expenditures 25,397 25,555 25,758
Durable goods 3,636 3,661 3,673
Nondurablegoods 7,292 7,365 7,469
Services 14,507 14,568 14,656
Population (midperiod, thousands) 291,445 292,190 292,838
Seasonally
adjusted
at annual rates
2004
II III
Current dollars:
Gross domestic product 39,718 40,134
Gross national product 39,841 40,283
Personal income 32,683 32,868
Disposable personal income 29,172 29,319
Personal consumption
expenditures 27,781 28,132
Durable goods 3,324 3,422
Nondurablegoods 8,022 8,114
Services 16,435 16,596
Chained (2000) dollars:
Gross domestic product 36,745 37,007
Gross national product 36,861 37,144
Disposable personal income 27,092 27,153
Personal consumption
expenditures 25,800 26,054
Durable goods 3,662 3,800
Nondurablegoods 7,455 7,523
Services 14,719 14,786
Population (midperiod, thousands) 293,504 294,262
Table 7.2.1B. Percent Change from Preceding Period in Real
Motor Vehicle Output
[Percent]
Seaso-
nally
adjusted
at
annual
rates
Line 2002 2003 2003
III
Motor vehicle output 1 11.6 4.2 26.3
Auto output 2 4.3 -7.7 27.5
Truck output 3 16.7 11.6 25.6
Final sales of domestic product 4 3.1 7.1 30.3
Personal consumption
expenditures 5 6.2 5.4 13.8
New motor vehicles 6 8.0 8.2 24.5
Autos 7 -0.4 -2.2 4.2
Light trucks (including
utility vehicles) 8 14.6 15.4 37.5
Net purchases of used autos
and used light trucks 9 2.4 -0.9 -10.4
Used autos 10 -1.9 -1.1 -11.0
Used light trucks (including
utility vehicles) 11 7.3 -0.6 -9.8
Private fixed investment 12 -6.2 2.9 33.0
New motor vehicles 13 -1.9 -0.5 32.5
Autos 14 -2.4 -6.1 37.8
Trucks 15 -1.5 3.3 29.3
Light trucks (including
utility vehicles) 16 -1.5 3.0 25.5
Other 17 -1.5 4.1 42.4
Net purchases of used autos
and used light trucks 18 4.2 -5.2 31.7
Used autos 19 0.6 -3.1 41.5
Used light trucks (including
utility vehicles) 20 7.9 -7.2 22.5
Gross government
investment 21 -4.7 1.9 25.0
Autos 22 -6.7 -4.6 -38.7
Trucks 23 -3.9 4.4 58.6
Net exports 24
Exports 25 12.3 10.0 -14.0
Autos 26 12.0 4.6 -21.1
Trucks 27 12.7 15.8 -6.4
Imports 28 5.2 -0.2 -18.8
Autos 29 6.2 -3.5 -9.9
Trucks 30 4.1 3.7 -27.6
Change in private inventories 31
Autos 32
New 33
Domestic 34
Foreign 35
Used 36
Trucks 37
New 38
Domestic 39
Foreign 40
Used (1) 41
Addenda:
Final sales of motor vehicles to
domestic purchasers 42 3.2 4.8 17.7
Private fixed investment in new
autos and new light trucks 43 -1.9 -1.3 30.9
Domestic output of new autos (2) 44 8.4 -7.6 23.0
Sales of imported new autos (3) 45 2.5 -3.8 12.2
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Motor vehicle output 2.9 8.8 -15.2 10.1
Auto output -22.1 8.0 -9.0 19.7
Truck output 17.8 9.2 -17.9 5.8
Final sales of domestic product -5.1 -11.2 -6.7 63.4
Personal consumption
expenditures -3.0 -8.4 -6.5 33.4
New motor vehicles -21.4 -2.3 3.3 13.6
Autos -10.8 9.9 1.5 -19.5
Light trucks (including
utility vehicles) -26.6 -8.8 4.4 37.4
Net purchases of used autos
and used light trucks 67.3 -21.8 -28.3 101.3
Used autos 52.7 -27.0 -26.3 107.1
Used light trucks (including
utility vehicles) 82.7 -16.6 -30.1 96.0
Private fixed investment 9.0 -3.2 5.0 69.0
New motor vehicles 23.2 -8.2 -1.6 53.3
Autos 13.6 -13.4 -10.6 31.7
Trucks 29.5 -5.1 3.9 66.4
Light trucks (including
utility vehicles) 22.3 -15.2 8.8 64.0
Other 54.5 30.9 -8.4 73.2
Net purchases of used autos
and used light trucks 51.2 -16.5 -12.8 27.1
Used autos 32.1 -20.7 -5.8 18.4
Used light trucks (including
utility vehicles) 72.9 -12.5 -19.0 36.0
Gross government
investment 16.5 9.8 35.6 -0.6
Autos 14.3 -10.2 30.5 -37.1
Trucks 17.2 16.2 37.0 5.7
Net exports
Exports 32.1 -22.6 25.4 113.6
Autos 22.5 -28.2 24.2 46.9
Trucks 41.6 -17.3 26.4 188.2
Imports 24.7 2.3 14.3 1.3
Autos 28.0 -17.5 -6.0 36.5
Trucks 21.0 29.1 38.3 -24.7
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles to
domestic purchasers -0.1 -6.8 -3.0 39.7
Private fixed investment in new
autos and new light trucks 18.4 -14.4 -0.2 49.4
Domestic output of new autos (2) -16.0 -3.3 -18.8 28.1
Sales of imported new autos (3) -7.5 4.0 10.4 -5.4
(1.) Consists of used light trucks only.
(2.) Consists of final sales and change in private inventories of new
autos assembled in the United States.
(3.) Consists of personal consumption expenditures, private fixed
investment, and gross government investment.
Table 7.2.3B. Real Motor Vehicle Output, Quantity Indexes
[Index numbers, 2000=100]
Line 2002 2003
Motor vehicle output 1 106.338 110.849
Auto output 2 98.167 90.589
Truck output 3 112.195 125.264
Final sales of domestic product 4 105.122 112.554
Persnal consumption
expenditures 5 113.153 119.262
New motor vehicles 6 119.006 128.769
Autos 7 99.748 97.523
Light trucks (including
utility vehicles) 8 137.083 158.129
Net purchases of used autos
and used light trucks 9 102.059 101.191
Used autos 10 94.940 93.876
Used light trucks (including
utility vehicles) 11 110.642 110.008
Private fixed investment 12 80.639 82.945
New motor vehicles 13 88.054 87.570
Autos 14 90.846 85.332
Trucks 15 86.228 89.047
Light trucks (including
utility vehicles) 16 91.120 93.868
Other 17 72.700 75.681
Net purchases of used autos
and used light trucks 18 99.498 94.332
Used autos 19 91.365 88.558
Used light trucks (including
utility vehicles) 20 108.716 100.858
Gross government investment 21 95.275 97.081
Autos 22 96.884 92.466
Trucks 23 94.674 98.842
Net exports 24
Exports 25 108.506 119.396
Autos 26 120.201 125.759
Trucks 27 98.229 113.713
Imports 28 103.025 102.801
Autos 29 103.625 100.009
Trucks 30 102.317 106.091
Change in private inventories 31
Autos 32
New 33
Domestic 34
Foreign 35
Used 36
Trucks 37
New 38
Domestic 39
Foreign 40
Used (1) 41
Addenda:
Final sales of motor vehicles to
domestic purchasers 42 104.335 109.332
Private fixed investment in new
autos and new light trucks 43 90.988 89.811
Domestic output of new autos (2) 44 99.208 91.620
Sales of imported new autos (3) 45 101.218 97.326
Seasonally adjusted
2003 2004
III IV I
Motor vehicle output 114.069 114.894 117.344
Auto output 94.745 89.002 90.723
Truck output 127.839 133.197 136.160
Final sales of domestic product 118.293 116.751 113.326
Persnal consumption
expenditures 123.143 122.213 119.571
New motor vehicles 137.374 129.367 128.602
Autos 99.098 96.309 98.610
Light trucks (including
utility vehicles) 173.332 160.432 156.795
Net purchases of used autos
and used light trucks 95.871 109.027 102.525
Used autos 88.662 98.566 91.094
Used light trucks (including
utility vehicles) 104.568 121.569 116.185
Private fixed investment 86.450 88.326 87.619
New motor vehicles 89.559 94.361 92.356
Autos 87.146 89.976 86.801
Trucks 91.152 97.229 95.969
Light trucks (including
utility vehicles) 95.871 100.822 96.758
Other 78.013 86.979 93.037
Net purchases of used autos
and used light trucks 93.633 103.837 99.248
Used autos 88.676 95.073 89.731
Used light trucks (including
utility vehicles) 99.221 113.780 110.059
Gross government investment 97.812 101.611 104.007
Autos 81.709 84.479 82.226
Trucks 103.901 108.095 112.234
Net exports
Exports 116.467 124.853 117.092
Autos 122.309 128.662 118.448
Trucks 111.238 121.354 115.711
Imports 99.777 105.439 106.040
Autos 97.968 104.208 99.320
Trucks 101.912 106.895 113.936
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles to
domestic purchasers 113.023 113.002 111.035
Private fixed investment in new
autos and new light trucks 91.725 95.677 92.032
Domestic output of new autos (2) 95.513 91.429 90.668
Sales of imported new autos (3) 98.706 96797 97.757
Seasonally
adjusted
2004
II III
Motor vehicle output 112.620 115.369
Auto output 88.609 92.688
Truck output 129.616 131.455
Final sales of domestic product 111.392 125.949
Persnal consumption
expenditures 117.586 126.365
New motor vehicles 129.653 133.867
Autos 98.984 93.748
Light trucks (including
utility vehicles) 158.481 171.587
Net purchases of used autos
and used light trucks 94.351 112.390
Used autos 84.411 101.259
Used light trucks (including
utility vehicles) 106.236 125.699
Private fixed investment 88.702 101.139
New motor vehicles 91.979 102.346
Autos 84.395 90.411
Trucks 96.892 110.044
Light trucks (including
utility vehicles) 98.819 111.823
Other 91.029 104.429
Net purchases of used autos
and used light trucks 95.899 101.827
Used autos 88.397 92.209
Used light trucks (including
utility vehicles) 104.405 112.744
Gross government investment 112.237 110.927
Autos 87.880 78.264
Trucks 121.428 123.117
Net exports
Exports 123.902 149.787
Autos 125.049 137.680
Trucks 122.688 159.860
Imports 109.646 110.001
Autos 97.786 105.690
Trucks 123.559 115.095
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles to
domestic purchasers 110.205 119.817
Private fixed investment in new
autos and new light trucks 91.994 101.708
Domestic output of new autos (2) 86.076 91.568
Sales of imported new autos (3) 100.210 98.835
(1.) Consists of used light trucks only.
(2.) Consists of final sales and change in private inventories of new
autos assembled in the United States.
(3.) Consists of personal consumption expenditures, private fixed
investment, and gross government investment.
Table 7.2.4B. Price Indexes for Motor Vehicle Output
[Index numbers, 2000=100]
Line 2002 2003
Motor vehicle output 1 97.710 96.462
Auto output 2 98.973 95.464
Truck output 3 96.855 96.892
Final sales of domestic product 4 97.811 96.100
Persnal consumption
expenditures 5 98.695 96.200
New motor vehicles 6 97.840 96.429
Autos 7 98.381 96.527
Light trucks (including
utility vehicles) 8 97.435 96.303
Net purchases of used autos
and used light trucks 9 100.443 95.415
Used autos 10 101.408 94.743
Used light trucks (including
utility vehicles) 11 99.405 96.061
Private fixed investment 12 98.204 101.697
New motor vehicles 13 97.463 96.806
Autos 14 98.364 96.511
Trucks 15 96.847 96.975
Light trucks (including
utility vehicles) 16 95.626 95.503
Other 17 100.988 101.987
Net purchases of used autos
and used light trucks 18 96.745 90.570
Used autos 19 97.159 91.133
Used light trucks (including
utility vehicles) 20 96.335 90.016
Gross government investment 21 99.539 100.398
Autos 22 100.159 99.649
Trucks 23 99.288 100.655
Net exports 24
Exports 25 102.004 103.701
Autos 26 101.293 102.543
Trucks 27 102.744 104.901
Imports 28 101.279 102.154
Autos 29 101.008 101.661
Trucks 30 101.599 102.733
Change in private inventories 31
Autos 32
New 33
Domestic 34
Foreign 35
Used 36
Trucks 37
New 38
Domestic 39
Foreign 40
Used (1) 41
Addenda:
Final sales of motor vehicles to
domestic purchasers 42 98.526 97.305
Private fixed investment in new
autos and new light trucks 43 96.915 95.999
Domestic output of new autos (2) 44 98.825 97.366
Sales of imported new autos (3) 45 98.409 96.581
Seasonally adjusted
2003 2004
III IV I
Motor vehicle output 96.245 96.048 96.266
Auto output 95.215 94.125 94.500
Truck output 96.707 96.951 97.095
Final sales of domestic product 95.751 95.797 95.914
Persnal consumption
expenditures 96.009 94.430 94.578
New motor vehicles 96.316 95.956 96.061
Autos 96.372 96.000 96.003
Light trucks (including
utility vehicles) 96.233 95.881 96.044
Net purchases of used autos
and used light trucks 94.994 90.384 90.634
Used autos 94.044 89.235 89.825
Used light trucks (including
utility vehicles) 95.925 91.514 91.439
Private fixed investment 100.980 107.996 107.908
New motor vehicles 96.264 97.482 97.165
Autos 96.350 95.986 95.988
Trucks 96.198 98.390 97.882
Light trucks (including
utility vehicles) 94.579 97.256 96.003
Other 101.714 102.300 104.061
Net purchases of used autos
and used light trucks 90.186 83.385 82.755
Used autos 90.700 84.162 83.423
Used light trucks (including
utility vehicles) 89.678 82.621 82.092
Gross government investment 100.037 102.386 102.693
Autos 99.770 102.260 100.347
Trucks 100.106 102.407 103.353
Net exports
Exports 103.823 104.205 104.745
Autos 102.498 102.898 103.335
Trucks 105.174 105.545 106.179
Imports 102.061 102.928 103.095
Autos 101.443 102.343 102.477
Trucks 102.766 103.596 103.799
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles to
domestic purchasers 96.998 97.232 97.337
Private fixed investment in new
autos and new light trucks 95.414 96.738 96.041
Domestic output of new autos (2) 96.360 96.586 97.287
Sales of imported new autos (3) 96.984 96.830 96.031
Seasonally
adjusted
2004
II III
Motor vehicle output 96.347 95.248
Auto output 95.149 93.851
Truck output 96.905 95.904
Final sales of domestic product 96.094 94.876
Persnal consumption
expenditures 94.760 94.202
New motor vehicles 96.027 95.149
Autos 96.191 95.597
Light trucks (including
utility vehicles) 95.880 94.847
Net purchases of used autos
and used light trucks 91.362 91.586
Used autos 91.174 91.708
Used light trucks (including
utility vehicles) 91.581 91.509
Private fixed investment 108.319 106.255
New motor vehicles 97.477 97.103
Autos 96.188 95.593
Trucks 98.258 98.007
Light trucks (including
utility vehicles) 96.363 95.728
Other 104.488 105.388
Net purchases of used autos
and used light trucks 82.928 85.085
Used autos 83.541 85.428
Used light trucks (including
utility vehicles) 82.317 84.727
Gross government investment 102.739 102.770
Autos 98.962 198.459
Trucks 103.796 103.966
Net exports
Exports 105.318 105.903
Autos 104.063 104.028
Trucks 106.613 107.711
Imports 103.530 104.097
Autos 102.674 103.277
Trucks 104.469 104.998
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles to
domestic purchasers 97.562 96.700
Private fixed investment in new
autos and new light trucks 96.331 95.712
Domestic output of new autos (2) 97.554 96.939
Sales of imported new autos (3) 96.222 95.627
(1.) Consists of used light trucks only.
(2.) Consists of final sales and change in private inventories of new
autos assembled in the United States.
(3.) Consists of personal consumption expenditures, private fixed
investment, and gross government investment.
Table 7.2.5B. Motor Vehicle Output
[Billions of dollars]
Seaso-
nally
adjus-
ted at
annual
rates
2003
Line 2002 2003 III
Motor vehicle output 1 379.2 390.2 400.6
Auto output 2 146.8 130.6 136.2
Truck output 3 232.4 259.6 264.4
Final sales of domestic product 4 364.4 383.4 401.5
Personal consumption
expenditures 5 363.5 373.4 385.0
New motor vehicles 6 249.5 266.0 283.5
Autos 7 101.6 97.5 98.9
Light trucks (including
utility vehicles) 8 147.8 168.5 184.6
Net purchases of used autos
and used light trucks 9 114.0 107.4 101.4
Used autos 10 58.4 53.9 50.6
Used light trucks (including
utility vehicles) 11 55.7 53.5 50.8
Private fixed investment 12 93.7 99.8 103.1
New motor vehicles 13 166.0 163.9 166.7
Autos 14 68.3 62.9 64.1
Trucks 15 97.7 101.0 102.5
Light trucks (including
utility vehicles) 16 75.0 77.2 78.0
Other 17 22.7 23.9 24.5
Net purchases of used autos
and used light trucks 18 -72.3 -64.2 -63.6
Used autos 19 -35.4 -32.2 -32.1
Used light trucks (including
utility vehicles) 20 -36.9 -32.0 -31.5
Gross government
investment 21 11.7 12.1 12.1
Autos 22 3.3 3.1 2.8
Trucks 23 8.4 8.9 9.3
Net exports 24 -104.5 -101.9 -98.6
Exports 25 28.9 32.3 31.6
Autos 26 14.9 15.8 15.3
Trucks 27 14.0 16.6 16.3
Imports 28 133.4 134.3 130.2
Autos 29 72.7 70.6 69.0
Trucks 30 60.7 63.7 61.2
Change in private inventories 31 14.8 6.9 -0.9
Autos 32 8.4 0.1 5.5
New 33 7.9 0.1 2.3
Domestic 34 6.7 0.2 3.6
Foreign 35 1.2 -0.1 -1.3
Used 36 0.5 0.0 3.2
Trucks 37 6.5 6.8 -0.4
New 38 6.1 6.7 -9.4
Domestic 39 4.4 6.7 -2.2
Foreign 40 1.7 0.0 -7.2
Used (1) 41 0.4 0.0 3.0
Addenda:
Final sales of motor vehicles to
domestic purchasers 42 468.9 485.3 500.1
Private fixed investment in new
autos and new light trucks 43 143.3 140.1 142.2
Domestic output of new autos (2) 44 108.4 98.6 101.7
Sales of imported new autos (3) 45 83.5 78.8 80.3
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Motor vehicle output 402.9 412.3 396.1 401.1
Auto output 126.6 129.5 127.4 131.4
Truck output 276.3 282.8 268.7 269.7
Final sales of domestic product 396.5 385.3 379.5 423.6
Personal consumption
expenditures 375.8 368.2 362.8 387.6
New motor vehicles 266.0 264.7 266.8 272.9
Autos 95.8 98.1 98.6 92.8
Light trucks (including
utility vehicles) 170.2 166.7 168.2 180.1
Net purchases of used autos
and used light trucks 109.8 103.5 96.0 114.7
Used autos 53.4 49.7 46.7 56.4
Used light trucks (including
utility vehicles) 56.4 53.9 49.3 58.3
Private fixed investment 112.6 111.6 113.4 126.9
New motor vehicles 177.8 173.5 173.3 192.1
Autos 66.0 63.7 62.0 66.0
Trucks 111.9 109.8 111.3 126.1
Light trucks (including
utility vehicles) 84.4 79.9 81.9 92.1
Other 27.5 29.9 29.4 34.0
Net purchases of used autos
and used light trucks -65.2 -61.9 -59.9 -65.3
Used autos -32 -29.9 -29.5 -31.5
Used light trucks (including
utility vehicles) -33.3 -32.0 -30.4 -33.8
Gross government
investment 12.9 13.2 14.3 14.1
Autos 2.9 2.8 3.0 2.6
Trucks 9.9 10.4 11.3 11.5
Net exports -104.7 -107.7 -111.0 -104.9
Exports 34.0 32.0 34.1 41.4
Autos 16.2 15.0 15.9 17.5
Trucks 17.8 17.1 18.2 23.9
Imports 138.7 139.7 145.1 146.4
Autos 74.0 70.6 69.7 75.8
Trucks 64.7 69.1 75.4 70.6
Change in private inventories 6.4 27.0 16.6 -22.5
Autos -1.6 0.9 0.3 3.3
New -1.7 0.4 -0.3 4.5
Domestic -2.6 -1.0 -4.0 2.2
Foreign 0.9 1.5 -2.4 2.3
Used 0.0 0.5 6.7 -1.3
Trucks 8.0 26.1 16.3 -25.8
New 8.1 25.6 10.1 -26.1
Domestic 4.4 24.1 7.8 -21.6
Foreign 3.7 1.6 2.3 -4.5
Used (1) 0.0 0.5 6.2 0.3
Addenda:
Final sales of motor vehicles to
domestic purchasers 501.2 493.0 490.5 528.6
Private fixed investment in new
autos and new light trucks 150.3 143.6 143.9 158.1
Domestic output of new autos (2) 97.6 97.5 92.8 98.1
Sales of imported new autos (3) 78.6 78.7 80.9 79.3
(1.) Consists of used light trucks only.
(2.) Consists of final sales and change in private inventories of new
autos assembled in the United States.
(3.) Consists of personal consumption expenditures, private fixed
investment, and gross government investment.
Table 7.2.6B. Real Motor Vehicle Output, Chained Dollars
[Billions of chained (2000) dollars]
Seaso-
nally
adjus-
ted at
annual
rates
2003
Line 2002 2003 III
Motor vehicle output 1 388.1 404.6 416.3
Auto output 2 148.3 136.9 143.1
Truck 3 240.0 267.9 273.4
Final sales of domestic product 4 372.6 398.9 419.3
Personal consumption
expenditures 5 368.3 388.2 400.8
New motor vehicles 6 255.0 275.9 294.3
Autos 7 103.3 101.0 102.6
Light trucks (including
utility vehicles) 8 151.7 175.0 191.8
Net purchases of used autos
and used light trucks 9 113.5 112.6 106.7
Used autos 10 57.6 56.9 53.8
Used light trucks (including
utility vehicles) 11 56.0 55.7 52.9
Private fixed investment 12 95.4 98.1 102.2
New motor vehicles 13 170.3 169.3 173.2
Autos 14 69.4 65.2 66.6
Trucks 15 100.9 104.2 106.6
Light trucks (including
utility vehicles) 16 78.4 80.8 82.5
Other 17 22.5 23.4 24.1
Net purchases of used autos
and used light trucks 18 -74.7 -70.9 -70.3
Used autos 19 -36.4 -35.3 -35.3
Used light trucks (including
utility vehicles) 20 -38.3 -35.5 -35.0
Gross government investment 21 11.8 12.0 12.1
Autos 22 3.3 3.2 2.8
Trucks 23 8.5 8.9 9.3
Net exports 24 -103.4 -100.2 -97.1
Exports 25 28.3 31.2 30.4
Autos 26 14.7 15.4 15.0
Trucks 27 13.6 15.8 15.5
Imports 28 131.7 131.4 127.6
Autos 29 71.9 69.4 68.0
Trucks 30 59.8 62.0 59.5
Change in private inventories 31 15.4 10.3 2.4
Autos 32 9.6 3.5 9.6
New 33 7.9 0.1 2.3
Domestic 34 6.8 0.2 3.7
Foreign 35 1.2 -0.1 -1.2
Used 36 1.7 3.6 3.5
Trucks 37 6.0 6.5 -5.6
New 38 5.4 6.0 -7.9
Domestic 39 3.9 6.0 -1.9
Foreign 40 1.5 0.0 -6.0
Used (1) 41 0.4 0.1 3.2
Residual 42 0.0 -4.3 -4.1
Addenda:
Final sales of motor vehicles to
domestic purchasers 43 475.9 498.7 515.5
Private fixed investment in new
autos and new light trucks 44 147.8 145.9 149.0
Domestic output of new autos (2) 45 109.6 101.2 105.5
Sales of imported new autos (3) 46 84.9 81.6 82.8
Seasonally adjusted at annual
rates
2003 2004
IV I II III
Motor vehicle output 419.3 428.3 411.0 421.1
Auto output 134.5 137.1 133.9 140.0
Truck 284.9 291.2 277.2 281.2
Final sales of domestic product 413.8 401.7 394.8 446.4
Personal consumption
expenditures 397.8 389.2 382.7 411.3
New motor vehicles 277.2 275.5 277.8 286.8
Autos 99.8 102.1 102.5 97.1
Light trucks (including
utility vehicles) 177.5 173.5 175.4 189.9
Net purchases of used autos
and used light trucks 121.3 114.1 105.0 125.0
Used autos 59.8 55.2 51.2 61.4
Used light trucks (including
utility vehicles) 61.5 58.8 53.8 63.6
Private fixed investment 104.5 103.6 104.9 119.6
New motor vehicles 182.5 178.6 177.9 197.9
Autos 68.7 66.3 64.5 69.1
Trucks 113.7 112.3 113.3 128.7
Light trucks (including
utility vehicles) 86.8 83.3 85.1 96.2
Other 26.9 28.8 28.1 32.3
Net purchases of used autos
and used light trucks -78.0 -74.5 -72.0 -76.5
Used autos -37.9 -35.8 -35.2 -36.8
Used light trucks (including
utility vehicles) -40.1 -38.8 -36.8 -39.7
Gross government investment 12.6 12.9 13.9 13.7
Autos 2.9 2.8 3.0 2.7
Trucks 9.7 10.1 10.9 11.1
Net exports -102.2 -105.0 -107.8 -101.5
Exports 32.6 30.6 32.4 39.1
Autos 15.7 14.5 15.3 16.8
Trucks 16.9 16.1 17.0 22.2
Imports 134.8 135.6 140.2 140.6
Autos 72.3 68.9 67.9 73.4
Trucks 62.5 66.6 72.2 67.2
Change in private inventories 9.6 27.6 17.2 -23.3
Autos 1.5 1.1 0.4 3.8
New -1.7 0.4 -6.3 4.5
Domestic -2.6 -1.1 -4.0 2.2
Foreign 0.9 1.4 -2.3 2.2
Used -0.1 0.6 7.9 -1.5
Trucks 7.3 23.6 15.0 -23.8
New 6.8 21.2 8.5 -22.1
Domestic 3.7 19.9 6.6 -18.3
Foreign 3.0 1.3 1.9 -3.8
Used (1) -0.1 0.5 7.3 0.3
Residual 1.1 4.3 -1.1 -5.3
Addenda:
Final sales of motor vehicles to
domestic purchasers 515.5 506.5 502.7 546.5
Private fixed investment in new
autos and new light trucks 155.4 149.5 149.5 165.2
Domestic output of new autos (2) 101.0 100.2 95.1 101.2
Sales of imported new autos (3) 81.2 82.0 84.0 82.9
(1.) Consists of used light trucks only.
(2.) Consists of final sales and change in private inventories of new
autos assembled in the United States.
(3.) Consists of personal consumption expenditures, private fixed
investment, and gross government investment.
NOTE. Chained (2000) dollar series are calculated as the product of
the chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of
the most detailed lines, excluding the lines in the addenda.
B. Other NIPA and NIPA-Related Tables
Monthly Estimates
Table B.1 presents the most recent estimates of personal income and
its components and the disposition of personal income. These estimates
were released on December 1, 2004.
Table B.1. Personal Income and Its Disposition
[Billions of dollars; monthly estimates seasonally adjusted at annual
rates]
2003
2002 2003 Sept.
Personal income 8,878.9 9,161.8 9,243.7
Compensation of employees,
received 6,069.5 6,289.0 6,349.4
Wage and salary disbursements 4,976.3 5,103.6 5,145.3
Private industries 4,113.7 4,205.6 4,244.0
Goods-producing industries 1,010.2 1,007.7 1,012.1
Manufacturing 675.2 668.8 669.9
Service-producing
industries 3,103.5 3,198.0 3,231.9
Trade, transportation,
and utilities 843.6 858.6 863.7
Other services-
producing industries 2,259.9 2,339.4 2,368.1
Government 862.6 897.9 901.3
Supplements to wages and
salaries 1,093.2 1,185.5 1,204.2
Employer contributions for
employee pension and
insurance funds 729.6 808.9 824.9
Employer contributions for
government social
insurance 363.6 376.6 379.3
Proprietors' income with IVA
and CCAdj 769.6 834.1 858.0
Farm 9.7 21.8 24.9
Nonfarm 759.9 812.3 833.1
Rental income of persons with
CCAdj 170.9 153.8 152.8
Personal income receipts on
assets 1,334.6 1,322.7 1,310.4
Personal interest income 946.7 929.9 918.6
Personal dividend income 387.9 392.8 391.8
Personal current transfer
receipts 1,282.7 1,335.4 1,352.1
Government social benefits
to persons 1,248.9 1,306.4 1,323.3
Old-age, survivors,
disability, and health
insurance benefits 708.3 733.8 738.8
Government unemployment
insurance benefits 53.2 52.8 55.4
Other 487.5 519.8 529.1
Other current transfer
receipts, from business
(net) 33.7 28.9 28.9
Less: Contributions for
government social insurance 748.3 773.2 779.2
Less: Personal current taxes 1,051.2 1,001.9 1,000.4
Equals: Disposable personal income 7,827.7 8,159.9 8,243.3
Less: Personal outlays 7,668.5 8,049.3 8,124.2
Personal consumption
expenditures 7,376.1 7,760.9 7,837.2
Durable goods 916.2 950.7 969.5
Nondurable goads 2,080.1 2,200.1 2,229.3
Services 4,379.8 4,610.1 4,638.4
Personal interest payments (1) 197.2 185.3 184.5
Personal current transfer
payments 95.3 103.1 102.5
To government 59.5 64.9 66.0
To the rest of the world
(net) 35.7 38.2 36.5
Equals: Personal saving 159.2 110.6 119.1
Personal saving as percentage of
disposable personal income 2.0 1.4 1.4
Addenda:
Disposable personal income:
Billions of chained (2000)
dollars (2) 7,559.5 7,733.8 7,784.0
Per capita:
Current dollars 27,157 28,033 28,259
Chained (2000 dollars) 26,227 26,569 26,684
Population (midperiod,
thousands) (3) 288,240 291,085 291,709
Personal consumption
expenditures:
Billions of chained (2000)
dollars 7,123.4 7,355.5 7,400.6
Durable goods 959.6 1,030.6 1,060.8
Nondurable goods 2,037.4 2,112.4 2,120.9
Services 4,128.6 4,220.3 4,229.9
Implicit price deflator,
2000=100 103.550 105.510 105.900
Personal income, current dollars 1.8 3.2 0.4
Disposable personal income:
Current dollars 4.6 4.2 -0.9
Chained (2000) dollars 3.1 2.3 -1.1
Personal consumption
expenditures:
Current dollars 4.6 5.2 -0.2
Chained (2000) dollars 3.1 3.3 -0.4
2003
Oct. Nov. Dec.
Personal income 9,276.6 9,337.9 9,375.3
Compensation of employees,
received 6,377.9 6,421.0 6,421.2
Wage and salary disbursements 5,167.1 5,202.4 5,197.3
Private industries 4,264.8 4,298.1 4,288.7
Goods-producing industries 1,018.1 1,029.9 1,028.7
Manufacturing 673.8 683.8 682.7
Service-producing
industries 3,246.8 3,268.3 3,260.0
Trade, transportation,
and utilities 871.1 874.7 870.0
Other services-
producing industries 2,375.6 2,393.6 2,389.9
Government 902.2 904.3 908.6
Supplements to wages and
salaries 1,210.8 1,218.6 1,223.9
Employer contributions for
employee pension and
insurance funds 830.4 835.7 841.6
Employer contributions for
government social
insurance 380.4 382.9 382.3
Proprietors' income with IVA
and CCAdj 860.4 863.5 870.1
Farm 24.8 24.7 24.5
Nonfarm 835.6 838.8 845.7
Rental income of persons with
CCAdj 158.9 166.5 175.7
Personal income receipts on
assets 1,317.4 1,325.7 1,334.4
Personal interest income 925.0 932.1 939.0
Personal dividend income 392.4 393.5 395.3
Personal current transfer
receipts 1,343.9 1,348.1 1,360.2
Government social benefits
to persons 1,315.2 1,319.3 1,331.5
Old-age, survivors,
disability, and health
insurance benefits 740.6 742.9 751.2
Government unemployment
insurance benefits 51.6 52.2 50.9
Other 522.9 524.3 529.4
Other current transfer
receipts, from business
(net) 28.8 28.8 28.8
Less: Contributions for
government social insurance 781.9 786.9 786.3
Less: Personal current taxes 1,005.9 1,011.5 1,010.8
Equals: Disposable personal income 8,270.7 8,326.4 8,364.5
Less: Personal outlays 8,147.3 8,214.9 8,266.1
Personal consumption
expenditures 7,854.4 7,920.5 7,969.7
Durable goods 949.1 969.9 994.4
Nondurable goads 2,237.4 2,256.5 2,256.6
Services 4,667.9 4,694.1 4,718.7
Personal interest payments (1) 184.8 185.8 187.3
Personal current transfer
payments 108.1 108.6 109.1
To government 66.5 67.0 67.5
To the rest of the world
(net) 41.6 41.6 41.6
Equals: Personal saving 123.4 111.5 98.4
Personal saving as percentage of
disposable personal income 1.5 1.3 1.2
Addenda:
Disposable personal income:
Billions of chained (2000)
dollars (2) 7,807.6 7,860.9 7,880.1
Per capita:
Current dollars 28,328 28,496 286,051
Chained (2000 dollars) 26,742 26,903 26,948
Population (midperiod,
thousands) (3) 291,958 292,195 292,418
Personal consumption
expenditures:
Billions of chained (2000)
dollars 7,414.6 7,477.7 7,508.1
Durable goods 1,042.4 1,068.3 1,098.3
Nondurable goods 2,136.4 2,162.1 2,157.5
Services 4,243.8 4,258.7 4,267.8
Implicit price deflator,
2000=100 105.931 105.922 106.148
Personal income, current dollars 0.4 0.7 0.4
Disposable personal income:
Current dollars 0.3 0.7 0.5
Chained (2000) dollars 0.3 0.7 0.2
Personal consumption
expenditures:
Current dollars 0.2 0.8 0.6
Chained (2000) dollars 0.2 0.9 0.4
2004
Jan. Feb. March
Personal income 9,404.1 9,445.9 9,484.9
Compensation of employees,
received 6,461.1 6,490.3 6,512.4
Wage and salary disbursements 5,221.4 5,241.3 5,254.8
Private industries 4,306.7 4,324.0 4,334.8
Goods-producing industries 1,019.8 1,018.2 1,018.9
Manufacturing 671.9 669.9 668.0
Service-producing
industries 3,286.9 3,305.8 3,316.0
Trade, transportation,
and utilities 871.2 872.5 873.4
Other services-
producing industries 2,415.6 2,433.2 2,442.6
Government 914.7 917.3 920.0
Supplements to wages and
salaries 1,239.8 1,249.0 1,257.6
Employer contributions for
employee pension and
insurance funds 848.7 856.5 864.4
Employer contributions for
government social
insurance 391.0 392.5 393.3
Proprietors' income with IVA
and CCAdj 862.9 870.0 883.5
Farm 18.5 17.8 17.5
Nonfarm 844.3 852.2 866.0
Rental income of persons with
CCAdj 174.1 172.6 171.8
Personal income receipts on
assets 1,335.5 1,337.0 1,338.8
Personal interest income 937.6 936.2 934.8
Personal dividend income 397.9 400.8 404.0
Personal current transfer
receipts 1,371.7 1,380.5 1,384.7
Government social benefits
to persons 1,342.4 1,351.2 1,355.3
Old-age, survivors,
disability, and health
insurance benefits 754.2 764.6 767.3
Government unemployment
insurance benefits 46.1 40.7 37.5
Other 542.0 545.9 550.5
Other current transfer
receipts, from business
(net) 29.3 29.3 29.4
Less: Contributions for
government social insurance 801.1 1,804.4 806.3
Less: Personal current taxes 1,003.3 1,006.9 1,009.6
Equals: Disposable personal income 8,400.8 8,439.0 8,475.3
Less: Personal outlays 8,309.4 8,358.9 8,386.6
Personal consumption
expenditures 8,015.5 8,067.5 8,097.7
Durable goods 964.7 979.0 985.3
Nondurable goads 2,299.9 2,312.1 2,337.7
Services 4,750.8 4,776.4 4,774.7
Personal interest payments (1) 184.2 181.1 178.1
Personal current transfer
payments 109.7 110.3 110.8
To government 68.1 68.6 69.1
To the rest of the world
(net) 41.7 41.7 41.7
Equals: Personal saving 91.4 80.1 88.7
Personal saving as percentage of
disposable personal income 1.1 0.9 1.0
Addenda:
Disposable personal income:
Billions of chained (2000)
dollars (2) 7,883.6 7,899.0 7,908.4
Per capita:
Current dollars 28,708 28,818 28,921
Chained (2000 dollars) 26,940 26,974 26,986
Population (midperiod,
thousands) (3) 292,630 292,836 293,049
Personal consumption
expenditures:
Billions of chained (2000)
dollars 7,522.0 7,551.2 7,556.0
Durable goods 1,063.0 1,078.7 1,084.8
Nondurable goods 2,183.7 2,185.5 2,192.7
Services 4,285.1 4,298.7 4,291.4
Implicit price deflator,
2000=100 106.561 106.837 107.169
Personal income, current dollars 0.3 0.4 0.4
Disposable personal income:
Current dollars 0.4 0.5 0.4
Chained (2000) dollars 0.0 0.2 0.1
Personal consumption
expenditures:
Current dollars 0.6 0.6 0.4
Chained (2000) dollars 0.2 0.4 0.1
2004
April (r) May (r) June (r)
Personal income 9,550.0 9,603.8 9,624.2
Compensation of employees,
received 6,553.0 6,593.0 6,594.1
Wage and salary disbursements 5,290.8 5,325.0 5,322.7
Private industries 4,365.6 4,403.0 4,399.5
Goods-producing industries 1,028.2 1,038.7 1,037.9
Manufacturing 675.3 683.5 682.6
Service-producing
industries 3,337.4 3,364.3 3,361.6
Trade, transportation,
and utilities 883.1 888.3 887.1
Other services-
producing industries 2,454.3 2,475.9 2,474.5
Government 925.2 922.0 923.2
Supplements to wages and
salaries 1,262.2 1,268.0 1,271.4
Employer contributions for
employee pension and
insurance funds 867.0 870.2 873.9
Employer contributions for
government social
insurance 395.2 397.8 397.4
Proprietors' income with IVA
and CCAdj 893.5 901.2 909.4
Farm 18.3 19.0 19.5
Nonfarm 875.3 882.2 889.9
Rental income of persons with
CCAdj 172.0 172.8 172.9
Personal income receipts on
assets 1,345.4 1,352.2 1,359.4
Personal interest income 938.2 941.7 945.1
Personal dividend income 407.1 410.6 414.3
Personal current transfer
receipts 1,396.6 1,400.6 1,404.1
Government social benefits
to persons 1,367.3 1,371.3 1,374.8
Old-age, survivors,
disability, and health
insurance benefits 772.7 774.7 774.6
Government unemployment
insurance benefits 34.5 33.3 32.6
Other 560.1 563.2 567.5
Other current transfer
receipts, from business
(net) 29.3 29.3 29.3
Less: Contributions for
government social insurance 810.5 815.9 815.7
Less: Personal current taxes 1,024.5 1,032.6 1,034.6
Equals: Disposable personal income 8,525.4 8,571.2 8,589.6
Less: Personal outlays 8,400.4 8,484.6 8,461.0
Personal consumption
expenditures 8,108.3 8,189.8 8,163.3
Durable goods 967.9 999.8 958.7
Nondurable goads 2,333.2 2,364.6 2,365.8
Services 4,807.2 4,825.4 4,838.8
Personal interest payments (1) 180.3 182.6 184.9
Personal current transfer
payments 111.7 112.2 112.8
To government 69.6 70.2 70.7
To the rest of the world
(net) 42.1 42.1 42.1
Equals: Personal saving 125.1 86.6 128.6
Personal saving as percentage of
disposable personal income 1.5 1.0 1.5
Addenda:
Disposable personal income:
Billions of chained (2000)
dollars (2) 7,943.8 7,956.4 7,954.5
Per capita:
Current dollars 29,070 29,203 29,242
Chained (2000 dollars) 27,087 27,108 27,080
Population (midperiod,
thousands) (3) 293,270 293,501 293,742
Personal consumption
expenditures:
Billions of chained (2000)
dollars 7,555.2 7,602.4 7,559.7
Durable goods 1,065.8 1,101.2 1,057.1
Nondurable goods 2,186.9 2,192.3 2,184.9
Services 4,311.7 4,323.3 4,324.9
Implicit price deflator,
2000=100 107.322 107.727 107.985
Personal income, current dollars 0.7 0.6 0.2
Disposable personal income:
Current dollars 0.6 0.5 0.2
Chained (2000) dollars 0.4 0.2 0.0
Personal consumption
expenditures:
Current dollars 0.1 1.0 -0.3
Chained (2000) dollars 0.0 0.6 -0.6
2004
July (r) Aug. (r) Sept. (r)
Personal income 9,641.3 9,677.3 9,696.4
Compensation of employees,
received 6,629.8 6,656.7 6,686.3
Wage and salary disbursements 5,353.0 5,374.5 5,398.8
Private industries 4,427.2 4,445.8 4,467.9
Goods-producing industries 1,040.0 1,047.6 1,051.1
Manufacturing 683.7 689.1 690.8
Service-producing
industries 3,387.0 3,398.2 3,416.8
Trade, transportation,
and utilities 895.7 897.3 903.8
Other services-
producing industries 2,491.6 2,501.0 2,513.0
Government 925.8 928.7 930.9
Supplements to wages and
salaries 1,276.8 1,282.1 1,287.4
Employer contributions for
employee pension and
insurance funds 877.4 881.3 885.1
Employer contributions for
government social
insurance 399.3 400.8 402.3
Proprietors' income with IVA
and CCAdj 905.8 905.2 898.7
Farm 15.2 905.2 13.0
Nonfarm 890.6 891.1 885.7
Rental income of persons with
CCAdj 170.4 156.6 133.8
Personal income receipts on
assets 1,362.9 1,366.3 1,369.9
Personal interest income 945.1 945.0 945.0
Personal dividend income 417.8 421.3 424.9
Personal current transfer
receipts 1,392.4 1,415.6 1,434.1
Government social benefits
to persons 1,363.1 1,372.8 1,377.3
Old-age, survivors,
disability, and health
insurance benefits 778.0 782.3 786.9
Government unemployment
insurance benefits 32.0 32.6 32.5
Other 553.2 557.8 558.0
Other current transfer
receipts, from business
(net) 29.2 42.8 56.8
Less: Contributions for
government social insurance 819.9 823.1 826.4
Less: Personal current taxes 1,039.6 1,044.1 1,049.1
Equals: Disposable personal income 8,601.7 8,633.3 8,647.3
Less: Personal outlays 8,562.0 8,565.4 8,619.8
Personal consumption
expenditures 8,260.9 8,261.3 8,312.7
Durable goods 1,015.9 996.7 1,008.3
Nondurable goads 2,375.9 2,384.4 2,403.0
Services 4,869.1 4,880.3 4,901.3
Personal interest payments (1) 187.4 189.8 192.3
Personal current transfer
payments 113.8 114.3 114.9
To government 71.2 71.8 72.4
To the rest of the world
(net) 42.5 42.5 42.5
Equals: Personal saving 39.7 67.9 27.5
Personal saving as percentage of
disposable personal income 0.5 0.8 0.3
Addenda:
Disposable personal income:
Billions of chained (2000)
dollars (2) 7,969.0 7,997.3 8,004.0
Per capita:
Current dollars 29,258 29,339 29,360
Chained (2000 dollars) 27,106 27,178 271,761
Population (midperiod,
thousands) (3) 293,992 294,260 294,526
Personal consumption
expenditures:
Billions of chained (2000)
dollars 7,653.3 7,652.8 7,694.3
Durable goods 1,124.6 1,109.0 1,121.0
Nondurable goods 2,203.1 2,211.6 2,226.3
Services 4,343.1 4,346.9 4,363.1
Implicit price deflator,
2000=100 107.939 107.952 108.037
Personal income, current dollars 0.2 0.4 0.2
Disposable personal income:
Current dollars 0.1 0.4 0.2
Chained (2000) dollars 0.2 0.4 0.1
Personal consumption
expenditures:
Current dollars 1.2 0.0 0.6
Chained (2000) dollars 1.2 0.0 0.5
2004
Oct. (p)
Personal income 9,758.1
Compensation of employees,
received 6,720.4
Wage and salary disbursements 5,428.5
Private industries 4,495.6
Goods-producing industries 1,054.3
Manufacturing 689.7
Service-producing
industries 3,441.3
Trade, transportation,
and utilities 906.1
Other services-
producing industries 2,535.2
Government 932.9
Supplements to wages and
salaries 1,292.0
Employer contributions for
employee pension and
insurance funds 887.8
Employer contributions for
government social
insurance 404.1
Proprietors' income with IVA
and CCAdj 916.1
Farm 15.0
Nonfarm 901.1
Rental income of persons with
CCAdj 160.6
Personal income receipts on
assets 1,376.2
Personal interest income 947.6
Personal dividend income 428.5
Personal current transfer
receipts 1,415.3
Government social benefits
to persons 1,386.1
Old-age, survivors,
disability, and health
insurance benefits 791.6
Government unemployment
insurance benefits 31.0
Other 563.5
Other current transfer
receipts, from business
(net) 29.2
Less: Contributions for
government social insurance 830.5
Less: Personal current taxes 1,057.3
Equals: Disposable personal income 8,700.9
Less: Personal outlays 8,683.2
Personal consumption
expenditures 8,373.9
Durable goods 1,010.2
Nondurable goads 2,439.5
Services 4,924.3
Personal interest payments (1) 193.8
Personal current transfer
payments 115.4
To government 72.9
To the rest of the world
(net) 42.5
Equals: Personal saving 17.7
Personal saving as percentage of
disposable personal income 0.2
Addenda:
Disposable personal income:
Billions of chained (2000)
dollars (2) 8,021.4
Per capita:
Current dollars 29,517
Chained (2000 dollars) 27,212
Population (midperiod,
thousands) (3) 294,777
Personal consumption
expenditures:
Billions of chained (2000)
dollars 7,720.0
Durable goods 1,121.7
Nondurable goods 2,233.0
Services 4,380.9
Implicit price deflator,
2000=100 108.470
Personal income, current dollars 0.6
Disposable personal income:
Current dollars 0.6
Chained (2000) dollars 0.2
Personal consumption
expenditures:
Current dollars 0.7
Chained (2000) dollars 0.3
(p) Preliminary.
(r) Revised.
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
(1.) Consists of nonmortgage interest paid by households.
(2.) Equals disposable personal income deflated by the implicit price
deflator for personal consumption expenditures.
(3.) Population is the total population of the United States,
including the Armed Forces overseas and the institutionalized
population. The monthly estimate is the average of estimates for the
first of the month and the first of the following month the annual
estimate is the average of the monthly estimates.
Source: U.S. Bureau of Economic Analysis.
Annual Estimates
Table B.2 replaces table B.3 "Gross Domestic Product by Industry." The
estimates in this table were published in tables 1 and 6 in "Improved
Annual Industry Accounts for 1998-2003" in the June 2004 SURVEY.
Revised estimates for 2001-2003 will be released on December 20, 2004.
Table B.2. Current-Dollar and Real Value Added by Industry for
2001-2003
Billions of dollars
2001 2002
Gross domestic product 10,100.8 10,480.8
Private industries 8,841.1 9,154.1
Agriculture, fishing, and
hunting 103.0 98.6
Farms 75.5 70.7
Forestry, fishing, and related activities 27.4 27.9
Mining 118.7 105.6
Oil and gas extraction 73.9 64.1
Mining, except oil and gas 27.0 26.1
Support activities for mining 17.8 15.3
Utilities 195.1 201.6
Construction 459.5 464.9
Manufacturing 1,346.0 1,351.6
Durable goods 788.0 786.1
Wood products 31.1 32.1
Nonmetallic mineral products 44.7 44.5
Primary metals 42.0 40.8
Fabricated metal products 113.5 112.2
Machinery 103.5 98.1
Computer and electronic products 141.6 139.9
Electrical equipment, appliances, and
components 48.7 46.1
Motor vehicles, bodies and trailers,
and parts 108.0 119.3
Other transportation equipment 67.2 64.2
Furniture and related products 30.8 30.6
Miscellaneous manufacturing 56.9 58.5
Nondurable goods 558.0 565.5
Food and beverage and tobacco
products 161.6 168.8
Textile mills and textile product mills 23.1 22.7
Apparel and leather and allied
products 22.9 23.3
Paper products 50.0 48.9
Printing and related support activities 47.4 47.1
Petroleum and coal products 32.3 24.2
Chemical products 157.2 167.9
Plastics and rubber products 63.5 62.8
Wholesale trade 603.0 622.9
Retail trade 687.7 765.8
Transportation and warehousing 295.1 294.9
Air transportation 50.6 47.9
Rail transportation 25.3 24.3
Water transportation 7.3 6.9
Truck transportation 92.5 94.1
Transit and ground passenger
transportation 15.7 16.3
Pipeline transportation 9.1 9.2
Other transportation and support
activities 69.3 70.7
Warehousing and storage 25.2 25.3
Information 474.8 484.0
Publishing industries (includes software) 118.6 120.1
Motion picture and sound recording
industries 33.7 34.6
Broadcasting and telecommunications 281.3 283.9
Information and data processing
services 41.2 45.4
Finance, insurance, real estate, rental,
and leasing 2,028.0 2,125.7
Finance and insurance 770.1 804.0
Federal Reserve banks, credit
intermediation, and related
activities 352.3 374.8
Securities, commodity contracts, and
investments 164.6 162.6
Insurance carriers and related
activities 235.3 248.7
Funds, trusts, and other financial
vehicles 17.9 17.9
Real estate and rental and leasing 1,257.8 1,321.7
Real estate 1,150.0 1,210.3
Rental and leasing services and
lessors of intangible assets 107.8 111.5
Professional and business services 1,187.9 1,220.2
Professional, scientific, and technical
services 710.9 723.5
Legal services 143.3 149.7
Computer systems design and related
services 137.1 129.4
Miscellaneous professional, scientific,
and technical services 430.6 444.3
Management of companies and
enterprises 187.7 202.0
Administrative and waste
management services 289.2 294.7
Administrative and support services 262.6 267.0
Waste management and remediation 26.6 27.7
services
Educational services, health care, and
social assistance 732.7 793.1
Educational services 85.8 91.5
Health care and social assistance 646.9 701.6
Ambulatory health care services 333.4 364.0
Hospitals and nursing and residential
care facilities 256.0 276.0
Social assistance 57.5 61.7
Arts, entertainment, recreation,
accommodation, and food services 358.9 371.5
Arts, entertainment, and recreation 94.8 99.6
Performing arts, spectator sports,
museums, and related activities 42.6 45.0
Amusements, gambling, and
recreation industries 52.2 54.6
Accommodation and food services 264.2 272.0
Accommodation 88.3 89.8
Food services and drinking places 175.9 182.1
Other services, except government 250.8 253.7
Government 1,259.6 1,326.7
Federal 386.9 408.9
General government 325.2 345.3
Government enterprises 61.7 63.6
State and local 872.7 917.8
General government 799.9 843.5
Government enterprises 72.8 74.3
Not allocated by industry (1)
Addenda:
Private goods-producing industries (2) 2,027.1 2,020.7
Private services-producing industries (3) 6,814.0 7,133.4
Billions
of
Billions chained
of (2000)
dollars dollars
2003 2001
Gross domestic product 10,987.9 9,866.6
Private industries 9,597.9 8,664.2
Agriculture, fishing, and
hunting 112.0 97.8
Farms 68.5
Forestry, fishing, and related activities 29.6
Mining 124.9 114.9
Oil and gas extraction 79.1
Mining, except oil and gas 25.6
Support activities for mining 10.6
Utilities 212.7 173.3
Construction 481.8 426.6
Manufacturing 1,392.8 1,349.1
Durable goods 810.1 820.7
Wood products 30.6
Nonmetallic mineral products 44.9
Primary metals 44.2
Fabricated metal products 110.8
Machinery 100.4
Computer and electronic products 186.4
Electrical equipment, appliances, and
components 47.9
Motor vehicles, bodies and trailers,
and parts 108.2
Other transportation equipment 63.2
Furniture and related products 29.6
Miscellaneous manufacturing 54.8
Nondurable goods 582.7 528.5
Food and beverage and tobacco
products 151
Textile mills and textile product mills 21.9
Apparel and leather and allied
products 22.8
Paper products 49.7
Printing and related support activities 45.8
Petroleum and coal products 22.9
Chemical products 152.9
Plastics and rubber products 61.3
Wholesale trade 642.9 564.7
Retail trade 792.2 598.8
Transportation and warehousing 310.6 275.8
Air transportation 48.7
Rail transportation 24.5
Water transportation 91.0
Truck transportation
Transit and ground passenger
transportation 14.3
Pipeline transportation 6.9
Other transportation and support
activities 62.6
Warehousing and storage 22.0
Information 536.1 377.0
Publishing industries (includes software) 100.8
Motion picture and sound recording
industries 29.4
Broadcasting and telecommunications 217.3
Information and data processing
services 29.8
Finance, insurance, real estate, rental,
and leasing 2,228.4 1,741.7
Finance and insurance 863.6 634.6
Federal Reserve banks, credit
intermediation, and related
activities 337.8
Securities, commodity contracts, and
investments 180.8
Insurance carriers and related
activities 228.3
Funds, trusts, and other financial
vehicles 15.3
Real estate and rental and leasing 1,364.9 1,214.7
Real estate 1,106.0
Rental and leasing services and
lessors of intangible assets 108.6
Professional and business services 1,273.5 1,146.9
Professional, scientific, and technical
services 753.3 682.5
Legal services 135.5
Computer systems design and related
services 134.3
Miscellaneous professional, scientific,
and technical services 412.8
Management of companies and
enterprises 216.2 191.1
Administrative and waste
management services 303.9 273.6
Administrative and support services 247.2
Waste management and remediation 26.4
services
Educational services, health care, and
social assistance 842.7 693.2
Educational services 96.8 80.2
Health care and social assistance 745.9 613.0
Ambulatory health care services 320.8
Hospitals and nursing and residential
care facilities 237.9
Social assistance 54.4
Arts, entertainment, recreation,
accommodation, and food services 385.2 352.7
Arts, entertainment, and recreation 104.9 90.7
Performing arts, spectator sports,
museums, and related activities 40.4
Amusements, gambling, and
recreation industries 50.3
Accommodation and food services 280.3 262.0
Accommodation 86.6
Food services and drinking places 175.5
Other services, except government 262.0 234.3
Government 1,390.0 1,213.6
Federal 373.3
General government 316.1
Government enterprises 57.4
State and local 840.3
General government 771.9
Government enterprises 68.5
Not allocated by industry (1) -14.6
Addenda:
Private goods-producing industries (2) 2,111.5 1,989.0
Private services-producing industries (3) 7,486.4 6,675.3
Billions of chained
(2000) dollars
2002 2003
Gross domestic product 10,083.0 10,398.0
Private industries 8,859.1 9,129.3
Agriculture, fishing, and
hunting 100 101.8
Farms 69.8
Forestry, fishing, and related activities 30.5
Mining 114.6 112.1
Oil and gas extraction 80.3
Mining, except oil and gas 24.1
Support activities for mining 10.8
Utilities 182.3 187.4
Construction 413.3 413.9
Manufacturing 1,380.9 1,404.9
Durable goods 836.9 865.7
Wood products 31.9
Nonmetallic mineral products 43.9
Primary metals 42.6
Fabricated metal products 108.8
Machinery 94.5
Computer and electronic products 207.8
Electrical equipment, appliances, and
components 46.2
Motor vehicles, bodies and trailers,
and parts 125
Other transportation equipment 59
Furniture and related products 28.7
Miscellaneous manufacturing 54.9
Nondurable goods 543.9 540.6
Food and beverage and tobacco
products 150.4
Textile mills and textile product mills 22.0
Apparel and leather and allied
products 23.5
Paper products 49.2
Printing and related support activities 45.2
Petroleum and coal products 30.1
Chemical products 163.8
Plastics and rubber products 60.1
Wholesale trade 594.1 591.7
Retail trade 633.9 662.4
Transportation and warehousing 287.4 301.6
Air transportation 52.9 57.7
Rail transportation 24.8 25.5
Water transportation 91.9 92.8
Truck transportation
Transit and ground passenger
transportation 14.7 14.5
Pipeline transportation 7.7 8.7
Other transportation and support
activities 66.2 70.2
Warehousing and storage 23.4 25.0
Information 437.5 458.3
Publishing industries (includes software) 121.2 116.7
Motion picture and sound recording
industries 32.3 32.5
Broadcasting and telecommunications 248.3 271.3
Information and data processing
services 36.2 37.7
Finance, insurance, real estate, rental,
and leasing 1,834.3 1,931.0
Finance and insurance 678.1 740.5
Federal Reserve banks, credit
intermediation, and related
activities 337.1
Securities, commodity contracts, and
investments 187.6
Insurance carriers and related
activities 234.1
Funds, trusts, and other financial
vehicles 15.7
Real estate and rental and leasing 1,235.7 1,257.5
Real estate 1,119.8
Rental and leasing services and
lessors of intangible assets 115.9
Professional and business services 1,174.4 1,197.0
Professional, scientific, and technical
services 685.9 699.3
Legal services 136.2
Computer systems design and related
services 127.4
Miscellaneous professional, scientific,
and technical services 422.1
Management of companies and
enterprises 206.3 215.5
Administrative and waste
management services 283.2 283.7
Administrative and support services 256.8
Waste management and remediation 26.4
services
Educational services, health care, and
social assistance 720.5 742.6
Educational services 80.6 80.9
Health care and social assistance 640.0 661.9
Ambulatory health care services 344.7
Hospitals and nursing and residential
care facilities 240.8
Social assistance 55.1
Arts, entertainment, recreation,
accommodation, and food services 359.5 366.5
Arts, entertainment, and recreation 92.1 94.2
Performing arts, spectator sports,
museums, and related activities 41.1
Amusements, gambling, and
recreation industries 51.0
Accommodation and food services 267.4 272.3
Accommodation 88.4
Food services and drinking places 179.1
Other services, except government 224.9 231.3
Government 1,228.5 1,245.0
Federal 377.5
General government 321.4
Government enterprises 56.3
State and local 851.0
General government 783.9
Government enterprises 67.2
Not allocated by industry (1) -19.5
Addenda:
Private goods-producing industries (2) 2,007.8 2,030.8
Private services-producing industries (3) 6,850.8 7,097.2
(1.) Chained (2000) dollar series are calculated as the product of the
chain-type quantity index and the 2000 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
value of not allocated by industry reflects the difference between the
first line and the sum of the most detailed lines, as well as the
differences in source data used to estimate GDP by industry and the
expenditures measure of real GDP.
(2.) Consists of agriculture, forestry, fishing, and hunting; mining;
construction; and manufacturing.
(3.) Consists of utilities; wholesale trade; retail trade;
transportation and warehousing; information; finance and insurance;
real estate and rental and leasing; professional and business
educational services, health care, and social assistance; arts,
entertainment, recreation, accommodation, and food services; and
other services, except government.
NOTE. Estimates in this table are based on the 1997 North American
Industry Classification System (NAICS).
C. Historical Measures
This table is derived from the "GDP and Other Major NIPA Series" that
was published in the August 2004 issue of the SURVEY OF CURRENT
BUSINESS and from the "Selected NIPA Tables" that are published in
this issue. (The changes in prices are calculated from indexes
expressed to three decimal places.)
Table C.1. GDP and Other Major NIPA Aggregates
[Quarterly estimates are seasonally adjusted at annual rates]
Billions of chained (2000) Percent change from
dollars preceding period
Final Final
Gross sales of Gross Gross sales of
Year and domestic domestic national domestic domestic
quarter product product product product product
1959 2,441.3 2,442.7 2,457.4 7.1 6.2
1960 2,501.8 2,506.8 2,519.4 2.5 2.6
1961 2,560.0 2,566.8 2,579.3 2.3 2.4
1962 2,715.2 2,708.5 2,736.9 6.1 5.5
1963 2,834.0 2,830.3 2,857.2 4.4 4.5
1964 2,998.6 2,999.9 3,023.6 5.8 6.0
1965 3,191.1 3,173.8 3,217.3 6.4 5.8
1966 3,399.1 3,364.8 3,423.7 6.5 6.0
1967 3,484.6 3,467.6 3,510.1 2.5 3.1
1968 3,652.7 3,640.3 3,680.0 4.8 5.0
1969 3,765.4 3,753.7 3,792.0 3.1 3.1
1970 3,771.9 3,787.7 3,798.2 0.2 0.9
1971 3,898.6 3,893.4 3,927.8 3.4 2.8
1972 4,105.0 4,098.6 4,136.2 5.3 5.3
1973 4,341.5 4,315.9 4,383.6 5.8 5.3
1974 4,319.6 4,305.5 4,367.5 -0.5 -0.2
1975 4,311.2 4,352.5 4,348.4 -0.2 1.1
1976 4,540.9 4,522.3 4,585.3 5.3 3.9
1977 4,750.5 4,721.6 4,800.3 4.6 4.4
1978 5,015.0 4,981.6 5,064.4 5.6 5.5
1979 5,173.4 5,161.2 5,240.1 3.2 3.6
1980 5,161.7 5,196.7 5,227.6 -0.2 0.7
1981 5,291.7 5,265.1 5,349.7 2.5 1.3
1982 5,189.3 5,233.4 5,249.7 -1.9 -0.6
1983 5,423.8 5,454.0 5,482.5 4.5 4.2
1984 5,813.6 5,739.2 5,869.3 7.2 5.2
1985 6,053.7 6,042.1 6,093.4 4.1 5.3
1986 6,263.6 6,271.8 6,290.6 3.5 3.8
1987 6,475.1 6,457.2 6,500.9 3.4 3.0
1988 6,742.7 6,734.5 6,775.2 4.1 4.3
1989 6,981.4 6,962.2 7,015.4 3.5 3.4
1990 7,112.5 7,108.5 7,155.2 1.9 2.1
1991 7,100.5 7,115.0 7,136.8 -0.2 0.1
1992 7,336.6 7,331.1 7,371.8 3.3 3.0
1993 7,532.7 7,522.3 7,568.6 2.7 2.6
1994 7,835.5 7,777.8 7,864.2 4.0 3.4
1995 8,031.7 8,010.2 8,069.8 2.5 3.0
1996 8,328.9 8,306.5 8,365.3 3.7 3.7
1997 8,703.5 8,636.6 8,737.5 4.5 4.0
1998 9,066.9 8,997.6 9,088.7 4.2 4.2
1999 9,470.3 9,404.0 9,504.7 4.5 4.5
2000 9,817.0 9,760.5 9,855.9 3.7 3.8
2001 9,890.7 9,920.9 9,933.6 0.8 1.6
2002 10,074.8 10,063.2 10,101.7 1.9 1.4
2003 10,381.3 10,379.9 10,433.9 3.0 3.1
1959: I 2,392.9 2,396.9 2,408.1 7.9 8.1
II 2,455.8 2,440.3 2,471.1 10.9 7.4
III 2,453.9 2,471.1 2,470.3 -0.3 5.1
IV 2,462.6 2,462.3 2,479.8 1.4 -1.4
1960: I 2,517.4 2,488.1 2,534.1 9.2 4.3
II 2,504.8 2,511.5 2,521.8 -2.0 3.8
III 2,508.7 2,507.9 2,526.5 0.6 -0.6
IV 2,476.2 2,519.8 2,494.9 -5.1 1.9
1961: I 2,491.2 2,522.0 2,510.8 2.4 0.4
II 2,538.0 2,549.1 2,556.7 7.7 4.4
III 2,579.1 2,568.9 2,598.3 6.6 3.1
IV 2,631.8 2,627.3 2,651.4 8.4 9.4
1962: I 2,679.1 2,659.5 2,698.6 7.4 5.0
II 2,708.4 2,704.5 2,729.7 4.4 6.9
III 2,733.3 2,725.6 2,754.8 3.7 3.2
IV 2,740.0 2,744.5 2,764.5 1.0 2.8
1963: I 2,775.9 2,762.8 2,799.4 5.3 2.7
II 2,810.6 2,809.7 2,833.3 5.1 7.0
III 2,863.5 2,859.4 2,886.6 7.7 7.3
IV 2,885.8 2,889.5 2,909.6 3.1 4.3
1964: I 2,950.5 2,952.7 2,976.3 9.3 9.0
II 2,984.8 2,988.1 3,009.6 4.7 4.9
III 3,025.5 3,025.4 3,051.1 5.6 5.1
IV 3,033.6 3,033.2 3,057.5 1.1 1.0
1965: I 3,108.2 3,081.0 3,135.2 10.2 6.5
II 3,150.2 3,136.6 3,178.0 5.5 7.4
III 3,214.1 3,195.5 3,240.0 8.4 7.7
IV 3,291.8 3,282.4 3,315.7 10.0 11.3
1966: I 3,372.3 3,337.0 3,396.9 10.1 6.8
II 3,384.0 3,352.4 3,408.7 1.4 1.9
III 3,406.3 3,380.2 3,430.4 2.7 3.4
IV 3,433.7 3,389.6 3,458.9 3.3 1.1
1967: I 3,464.1 3,424.2 3,489.0 3.6 4.1
II 3,464.3 3,460.2 3,488.5 0.0 4.3
III 3,491.8 3,477.8 3,518.5 3.2 2.0
IV 3,518.2 3,508.2 3,544.1 3.1 3.5
1968: I 3,590.7 3,581.7 3,617.2 8.5 8.6
II 3,651.6 3,617.7 3,678.7 7.0 4.1
III 3,676.5 3,669.4 3,704.4 2.7 5.8
IV 3,692.0 3,692.2 3,719.6 1.7 2.5
1969: I 3,750.2 3,730.5 3,778.0 6.5 4.2
II 3,760.9 3,748.6 3,787.7 1.1 2.0
III 3,784.2 3,767.6 3,810.0 2.5 2.0
IV 3,766.3 3,768.1 3,792.1 -1.9 0.1
1970: I 3,760.0 3,778.0 3,786.3 -0.7 1.1
II 3,767.1 3,771.0 3,794.3 0.8 -0.7
III 3,800.5 3,804.6 3,827.4 3.6 3.6
IV 3,759.8 3,797.2 3,784.5 -4.2 -0.8
1971: I 3,864.1 3,844.7 3,893.1 11.6 5.1
II 3,885.9 3,871.3 3,916.4 2.3 2.8
III 3,916.7 3,905.2 3,944.4 3.2 3.5
IV 3,927.9 3,952.5 3,957.1 1.1 4.9
1972: I 3,997.7 4,006.9 4,028.1 7.3 5.6
II 4,092.1 4,073.0 4,122.1 9.8 6.8
III 4,131.1 4,109.6 4,163.5 3.9 3.6
IV 4,198.7 4,204.8 4,231.0 6.7 9.6
1973: I 4,305.3 4,296.4 4,342.5 10.6 9.0
II 4,355.1 4,317.4 4,394.6 4.7 2.0
III 4,331.9 4,322.6 4,377.8 -2.1 0.5
IV 4,373.3 4,327.3 4,419.5 3.9 0.4
1974: I 4,335.4 4,322.7 4,389.4 -3.4 -0.4
II 4,347.9 4,328.7 4,399.1 1.2 0.6
III 4,305.8 4,316.3 4,352.4 -3.8 -1.1
IV 4,288.9 4,254.5 4,329.3 -1.6 -5.6
1975: I 4,237.6 4,287.8 4,271.5 -4.7 3.2
II 4,268.6 4,331.0 4,302.8 3.0 4.1
III 4,340.9 4,370.1 4,377.7 6.9 3.7
IV 4,397.8 4,421.1 4,441.7 5.4 4.8
1976: I 4,496.8 4,482.1 4,539.3 9.3 5.6
II 4,530.3 4,496.3 4,574.6 3.0 1.3
III 4,552.0 4,523.7 4,596.7 1.9 2.5
IV 4,584.6 4,587.1 4,630.4 2.9 5.7
1977: I 4,640.0 4,631.5 4,692.2 4.9 3.9
II 4,731.1 4,705.5 4,782.3 8.1 6.5
III 4,815.8 4,755.2 4,866.4 7.4 4.3
IV 4,815.3 4,794.1 4,860.4 0.0 3.3
1978: I 4,830.8 4,799.5 4,882.9 1.3 0.5
II 5,021.2 4,989.9 5,064.7 16.7 16.8
III 5,070.7 5,036.0 5,118.2 4.0 3.7
IV 5,137.4 5,100.6 5,191.9 5.4 5.2
1979: I 5,147.4 5,117.8 5,203.1 0.8 1.4
II 5,152.4 5,117.9 5,214.9 0.4 0.0
III 5,189.4 5,192.3 5,263.8 2.9 5.9
IV 5,204.7 5,216.9 5,278.6 1.2 1.9
1980: I 5,221.3 5,227.3 5,296.5 1.3 0.8
II 5,115.9 5,126.2 5,185.5 -7.8 -7.5
III 5,107.4 5,193.5 5,173.0 -0.7 5.4
IV 5,202.1 5,239.7 5,255.6 7.6 3.6
1981: I 5,307.5 5,261.7 5,364.5 8.4 1.7
II 5,266.1 5,272.8 5,319.8 -3.1 0.8
III 5,329.8 5,278.5 5,386.8 4.9 0.4
IV 5,263.4 5,247.4 5,327.3 -4.9 -2.3
1982: I 5,177.1 5,232.9 5,237.7 -6.4 -1.1
II 5,204.9 5,230.5 5,272.8 2.2 -0.2
III 5,185.2 5,196.6 5,242.9 -1.5 -2.6
IV 5,189.8 5,273.3 5,245.3 0.4 6.0
1983: I 5,253.8 5,329.2 5,308.8 5.0 4.3
II 5,372.3 5,404.6 5,430.9 9.3 5.8
III 5,478.4 5,505.1 5,538.0 8.1 7.7
IV 5,590.5 5,577.0 5,652.4 8.4 5.3
1984: I 5,699.8 5,614.4 5,757.1 8.1 2.7
II 5,797.9 5,717.5 5,855.5 7.1 7.5
III 5,854.3 5,770.2 5,911.3 3.9 3.7
IV 5,902.4 5,854.6 5,953.2 3.3 6.0
1985: I 5,956.9 5,953.0 5,997.4 3.8 6.9
II 6,007.8 5,998.5 6,050.8 3.5 3.1
III 6,101.7 6,095.8 6,137.4 6.4 6.6
IV 6,148.6 6,121.2 6,188.2 3.1 1.7
1986: I 6,207.4 6,184.1 6,242.5 3.9 4.2
II 6,232.0 6,230.5 6,257.3 1.6 3.0
III 6,291.7 6,317.8 6,320.1 3.9 5.7
IV 6,323.4 6,355.0 6,342.8 2.0 2.4
1987: I 6,365.0 6,344.4 6,386.8 2.7 -0.7
II 6,435.0 6,431.4 6,461.8 4.5 5.6
III 6,493.4 6,510.8 6,519.5 3.7 5.0
IV 6,606.8 6,542.5 6,635.4 7.2 2.0
1988: I 6,639.1 6,637.2 6,675.0 2.0 5.9
II 6,723.5 6,716.4 6,756.2 5.2 4.9
III 6,759.4 6,749.5 6,788.9 2.1 2.0
IV 6,848.6 6,835.1 6,880.9 5.4 5.2
1989: I 6,918.1 6,873.3 6,950.1 4.1 2.3
II 6,963.5 6,933.6 6,993.9 2.6 3.6
III 7,013.1 7,015.3 7,046.2 2.9 4.8
IV 7,030.9 7,026.8 7,071.4 1.0 0.7
1990: I 7,112.1 7,110.6 7,150.0 4.7 4.9
II 7,130.3 7,103.8 7,169.9 1.0 -0.4
III 7,130.8 7,118.3 7,163.9 0.0 0.8
IV 7,076.9 7,101.3 7,137.1 -3.0 -1.0
1991: I 7,040.8 7,071.5 7,087.0 -2.0 -1.7
II 7,086.5 7,120.2 7,119.1 2.6 2.8
III 7,120.7 7,134.6 7,149.3 1.9 0.8
IV 7,154.1 7,133.8 7,191.8 1.9 0.0
1992: I 7,228.2 7,239.3 7,265.5 4.2 6.0
II 7,297.9 7,284.3 7,334.5 3.9 2.5
III 7,369.5 7,360.5 7,402.6 4.0 4.2
IV 7,450.7 7,440.3 7,485.0 4.5 4.4
1993: I 7,459.7 7,431.2 7,502.4 0.5 -0.5
II 7,497.5 7,483.7 7,532.8 2.0 2.9
III 7,536.0 7,540.6 7,577.7 2.1 3.1
IV 7,637.4 7,633.7 7,661.5 5.5 5.0
1994: I 7,715.1 7,677.5 7,747.2 4.1 2.3
II 7,815.7 7,737.2 7,843.7 5.3 3.1
III 7,859.5 7,814.3 7,886.8 2.3 4.0
IV 7,951.6 7,882.3 7,979.2 4.8 3.5
1995: I 7,973.7 7,918.7 8,014.3 1.1 1.9
II 7,988.0 7,962.3 8,032.0 0.7 2.2
III 8,053.1 8,055.0 8,081.0 3.3 4.7
IV 8,112.0 8,104.8 8,152.0 3.0 2.5
1996: I 8,169.2 8,175.4 8,213.3 2.9 3.5
II 8,303.1 8,285.8 8,337.6 6.7 5.5
III 8,372.7 8,319.9 8,402.7 3.4 1.7
IV 8,470.6 8,444.7 8,507.6 4.8 6.1
1997: I 8,536.1 8,507.3 8,566.0 3.1 3.0
II 8,665.8 8,574.6 8,707.0 6.2 3.2
III 8,773.7 8,705.7 8,808.7 5.1 6.3
IV 8,838.4 8,758.6 8,868.1 3.0 2.5
1998: I 8,936.2 8,821.1 8,965.5 4.5 2.9
II 8,995.3 8,948.7 9,022.2 2.7 5.9
III 9,098.9 9,038.4 9,112.2 4.7 4.1
IV 9,237.1 9,182.2 9,255.2 6.2 6.5
1999: I 9,315.5 9,239.7 9,346.7 3.4 2.5
II 9,392.6 9,353.7 9,429.1 3.4 5.0
III 9,502.2 9,453.5 9,532.7 4.8 4.3
IV 9,671.1 9,569.3 9,710.4 7.3 5.0
2000: I 9,695.6 9,668.8 9,729.0 1.0 4.2
II 9,847.9 9,748.4 9,885.3 6.4 3.3
III 9,836.6 9,780.4 9,867.8 -0.5 1.3
IV 9,887.7 9,844.3 9,941.6 2.1 2.6
2001: I 9,875.6 9,883.2 9,913.6 -0.5 1.6
II 9,905.9 9,908.7 9,949.8 1.2 1.0
III 9,871.1 9,899.9 9,887.7 -1.4 -0.4
IV 9,910.0 9,992.3 9,983.1 1.6 3.8
2002: I 9,993.5 10,000.4 10,017.2 3.4 0.3
II 10,052.6 10,044.9 10,068.9 2.4 1.8
III 10,117.3 10,095.2 10,142.4 2.6 2.0
IV 10,135.9 10,112.5 10,178.4 0.7 0.7
2003: I 10,184.4 10,173.3 10,220.3 1.9 2.4
II 10,287.4 10,302.5 10,330.8 4.1 5.2
III 10,472.8 10,473.9 10,521.7 7.4 6.8
IV 10,580.7 10,569.6 10,663.3 4.2 3.7
2004: I 10,697.5 10,655.8 10,766.7 4.5 3.3
II 10,784.7 10,722.3 10,818.7 3.3 2.5
III 10,889.7 10,852.0 10,930.0 3.9 4.9
Chain-type price Implicit price
indexes [2000=100] deflators [2000=100]
Gross Gross Gross Gross
Year and domestic domestic domestic national
quarter product purchases product product
1959 20.754 20.365 20.751 20.727
1960 21.044 20.646 21.041 21.018
1961 21.281 20.865 21.278 21.255
1962 21.572 21.139 21.569 21.547
1963 21.801 21.385 21.798 21.777
1964 22.134 21.725 22.131 22.111
1965 22.538 22.102 22.535 22.516
1966 23.180 22.724 23.176 23.158
1967 23.897 23.389 23.893 23.874
1968 24.916 24.380 24.913 24.893
1969 26.153 25.580 26.149 26.127
1970 27.538 26.964 27.534 27.512
1971 28.916 28.351 28.911 28.889
1972 30.171 29.619 30.166 30.145
1973 31.854 31.343 31.849 31.830
1974 34.721 34.546 34.725 34.699
1975 38.007 37.761 38.002 37.976
1976 40.202 39.938 40.196 40.175
1977 42.758 42.634 42.752 42.731
1978 45.762 45.663 45.757 45.737
1979 49.553 49.669 49.548 49.527
1980 54.062 54.876 54.043 54.015
1981 59.128 59.896 59.119 59.095
1982 62.738 63.296 62.726 62.699
1983 65.214 65.515 65.207 65.184
1984 67.664 67.822 67.655 67.631
1985 69.724 69.760 69.713 69.695
1986 71.269 71.338 71.250 71.227
1987 73.204 73.527 73.196 73.181
1988 75.706 76.043 75.694 75.679
1989 78.569 78.934 78.556 78.549
1990 81.614 82.144 81.590 81.589
1991 84.457 84.836 84.444 84.440
1992 86.402 86.828 86.385 86.375
1993 88.390 88.730 88.381 88.382
1994 90.265 90.583 90.259 90.262
1995 92.115 92.483 92.106 92.114
1996 93.859 94.145 93.852 93.863
1997 95.415 95.440 95.414 95.420
1998 96.475 96.060 96.472 96.475
1999 97.868 97.556 97.868 97.869
2000 100.000 100.000 100.000 100.000
2001 102.402 101.994 102.399 102.396
2002 104.097 103.489 104.092 104.082
2003 106.003 105.571 105.998 105.992
1959: I 20.680 20.296 20.704 20.680
II 20.711 20.326 20.704 20.681
III 20.770 20.379 20.753 20.730
IV 20.853 20.460 20.840 20.817
1960: I 20.903 20.505 20.931 20.909
II 20.995 20.598 21.004 20.982
III 21.093 20.694 21.084 21.061
IV 21.186 20.787 21.146 21.122
1961: I 21.210 20.807 21.192 21.169
II 21.249 20.831 21.237 21.214
III 21.305 20.887 21.303 21.280
IV 21.360 20.933 21.375 21.352
1962: I 21.482 21.041 21.501 21.479
II 21.538 21.109 21.533 21.511
III 21.596 21.163 21.585 21.564
IV 21.671 21.241 21.653 21.632
1963: I 21.732 21.308 21.702 21.681
II 21.754 21.335 21.745 21.724
III 21.794 21.382 21.788 21.768
IV 21.923 21.514 21.951 21.930
1964: I 22.001 21.596 22.016 21.995
II 22.073 21.674 22.073 22.053
III 22.180 21.769 22.160 22.140
IV 22.282 21.860 22.270 22.250
1965: I 22.380 21.940 22.383 22.363
II 22.479 22.037 22.480 22.460
III 22.578 22.140 22.563 22.544
IV 22.717 22.292 22.707 22.688
1966: I 22.857 22.416 22.855 22.837
II 23.071 22.629 23.048 23.029
III 23.293 22.831 23.291 23.272
IV 23.498 23.018 23.505 23.486
1967: I 23.611 23.109 23.612 23.593
II 23.759 23.254 23.741 23.722
III 23.977 23.469 23.975 23.955
IV 24.242 23.723 24.241 24.221
1968: I 24.503 23.979 24.506 24.487
II 24.777 24.230 24.763 24.743
III 25.017 24.483 25.008 24.988
IV 25.367 24.826 25.362 25.342
1969: I 25.622 25.062 25.626 25.605
II 25.966 25.402 25.958 25.937
III 26.345 25.764 26.332 26.310
IV 26.678 26.093 26.675 26.652
1970: I 27.051 26.474 27.056 27.034
II 27.437 26.841 27.428 27.406
III 27.655 27.093 27.647 27.624
IV 28.009 27.449 28.004 27.982
1971: I 28.429 27.854 28.425 28.403
II 28.809 28.230 28.798 28.777
III 29.097 28.539 29.089 29.069
IV 29.329 28.779 29.322 29.300
1972: I 29.814 29.234 29.781 29.759
II 29.989 29.437 29.959 29.937
III 30.264 29.728 30.250 30.229
IV 30.620 30.078 30.652 30.631
1973: I 31.025 30.478 31.020 31.000
II 31.542 31.052 31.500 31.481
III 32.147 31.625 32.114 32.095
IV 32.703 32.218 32.750 32.731
1974: I 33.371 33.068 33.376 33.354
II 34.110 34.007 34.162 34.137
III 35.164 35.045 35.166 35.141
IV 36.240 36.062 36.218 36.188
1975: I 37.077 36.849 37.050 37.022
II 37.622 37.412 37.614 37.586
III 38.324 38.060 38.313 38.288
IV 39.005 38.724 38.987 38.961
1976: I 39.443 39.163 39.418 39.396
II 39.866 39.595 39.840 39.818
III 40.405 40.168 40.385 40.365
IV 41.096 40.828 41.122 41.101
1977: I 41.781 41.591 41.796 41.773
II 42.452 42.306 42.401 42.381
III 43.036 42.950 42.917 42.899
IV 43.762 43.688 43.852 43.831
1978: I 44.493 44.410 44.505 44.483
II 45.350 45.266 45.321 45.301
III 46.133 46.048 46.072 46.052
IV 47.074 46.928 47.047 47.027
1979: I 47.929 47.828 47.876 47.857
II 49.092 49.044 49.058 49.034
III 50.102 50.289 50.115 50.093
IV 51.088 51.515 51.117 51.093
1980: I 52.209 52.930 52.195 52.172
II 53.362 54.220 53.349 53.324
III 54.572 55.446 54.560 54.534
IV 56.105 56.907 56.071 56.043
1981: I 57.566 58.397 57.517 57.492
II 58.582 59.434 58.598 58.571
III 59.661 60.355 59.641 59.616
IV 60.704 61.400 60.729 60.706
1982: I 61.563 62.213 61.555 61.530
II 62.330 62.883 62.302 62.276
III 63.193 63.717 63.182 63.155
IV 63.866 64.372 63.863 63.837
1983: I 64.413 64.768 64.388 64.363
II 64.881 65.213 64.853 64.831
III 65.542 65.849 65.517 65.495
IV 66.020 66.231 66.012 65.991
1984: I 66.838 67.052 66.837 66.815
II 67.439 67.647 67.414 67.392
III 67.989 68.114 67.953 67.930
IV 68.392 68.476 68.385 68.359
1985: I 69.180 69.137 69.155 69.127
II 69.542 69.537 69.550 69.529
III 69.876 69.907 69.838 69.827
IV 70.299 70.459 70.289 70.276
1986: I 70.660 70.851 70.652 70.635
II 71.001 70.985 71.015 70.993
III 71.455 71.493 71.426 71.401
IV 71.960 72.025 71.893 71.866
1987: I 72.514 72.728 72.487 72.465
II 72.904 73.229 72.882 72.870
III 73.450 73.819 73.425 73.412
IV 73.948 74.332 73.958 73.944
1988: I 74.564 74.975 74.587 74.571
II 75.296 75.706 75.300 75.285
III 76.178 76.406 76.141 76.124
IV 76.786 77.086 76.712 76.700
1989: I 77.588 77.937 77.580 77.566
II 78.342 78.764 78.324 78.316
III 78.913 79.227 78.879 78.875
IV 79.433 79.807 79.425 79.422
1990: I 80.389 80.878 80.375 80.376
II 81.326 81.629 81.311 81.301
III 82.053 82.531 82.031 82.028
IV 82.689 83.536 82.646 82.652
1991: I 83.662 84.197 83.626 83.623
II 84.194 84.533 84.165 84.165
III 84.772 85.058 84.762 84.759
IV 85.200 85.556 85.206 85.202
1992: I 85.766 86.093 85.721 85.710
II 86.212 86.588 86.190 86.181
III 86.587 87.098 86.580 86.567
IV 87.042 87.531 87.029 87.019
1993: I 87.729 88.076 87.707 87.705
II 88.204 88.595 88.190 88.189
III 88.599 88.916 88.570 88.574
IV 89.030 89.331 89.038 89.048
1994: I 89.598 89.800 89.578 89.583
II 89.980 90.271 89.954 89.963
III 90.525 90.921 90.530 90.527
IV 90.958 91.340 90.952 90.953
1995: I 91.554 91.877 91.530 91.534
II 91.891 92.329 91.859 91.868
III 92.281 92.662 92.289 92.299
IV 92.734 93.065 92.733 92.743
1996: I 93.302 93.602 93.328 93.338
II 93.615 93.897 93.659 93.671
III 94.064 94.286 93.951 93.962
IV 94.455 94.796 94.450 94.458
1997: I 94.963 95.189 95.054 95.058
II 95.291 95.296 95.206 95.212
III 95.541 95.494 95.534 95.542
IV 95.864 95.781 95.846 95.851
1998: I 96.096 95.773 96.089 96.091
II 96.284 95.881 96.249 96.254
III 96.620 96.141 96.600 96.604
IV 96.901 96.444 96.934 96.932
1999: I 97.274 96.761 97.328 97.330
II 97.701 97.317 97.674 97.675
III 98.022 97.790 98.013 98.014
IV 98.475 98.356 98.432 98.433
2000: I 99.292 99.275 99.317 99.311
II 99.780 99.714 99.745 99.741
III 100.241 100.283 100.259 100.262
IV 100.687 100.727 100.666 100.672
2001: I 101.507 101.403 101.478 101.480
II 102.290 101.974 102.252 102.248
III 102.690 102.223 102.675 102.671
IV 103.122 102.378 103.191 103.183
2002: I 103.470 102.673 103.450 103.439
II 103.853 103.298 103.911 103.901
III 104.280 103.747 104.243 104.232
IV 104.786 104.237 104.752 104.743
2003: I 105.490 105.190 105.500 105.490
II 105.780 105.287 105.799 105.791
III 106.158 105.721 106.148 106.146
IV 106.586 106.086 106.523 106.516
2004: I 107.314 106.980 107.246 107.240
II 108.169 107.913 108.093 108.087
III 108.519 108.398 108.452 108.451
Percent change from preceding period
Chain-type price Implicit price
indexes deflators
Gross Gross Gross Gross
Year and domestic domestic domestic national
quarter product purchases product product
1959 1.2 1.2 1.2 1.2
1960 1.4 1.4 1.4 1.4
1961 1.1 1.1 1.1 1.1
1962 1.4 1.3 1.4 1.4
1963 1.1 1.2 1.1 1.1
1964 1.5 1.6 1.5 1.5
1965 1.8 1.7 1.8 1.8
1966 2.8 2.8 2.8 2.9
1967 3.1 2.9 3.1 3.1
1968 4.3 4.2 4.3 4.3
1969 5.0 4.9 5.0 5.0
1970 5.3 5.4 5.3 5.3
1971 5.0 5.1 5.0 5.0
1972 4.3 4.5 4.3 4.3
1973 5.6 5.8 5.6 5.6
1974 9.0 10.2 9.0 9.0
1975 9.5 9.3 9.4 9.4
1976 5.8 5.8 5.8 5.8
1977 6.4 6.8 6.4 6.4
1978 7.0 7.1 7.0 7.0
1979 8.3 8.8 8.3 8.3
1980 9.1 10.5 9.1 9.1
1981 9.4 9.1 9.4 9.4
1982 6.1 5.7 6.1 6.1
1983 3.9 3.5 4.0 4.0
1984 3.8 3.5 3.8 3.8
1985 3.0 2.9 3.0 3.1
1986 2.2 2.3 2.2 2.2
1987 2.7 3.1 2.7 2.7
1988 3.4 3.4 3.4 3.4
1989 3.8 3.8 3.8 3.8
1990 3.9 4.1 3.9 3.9
1991 3.5 3.3 3.5 3.5
1992 2.3 2.3 2.3 2.3
1993 2.3 2.2 2.3 2.3
1994 2.1 2.1 2.1 2.1
1995 2.0 2.1 2.0 2.1
1996 1.9 1.8 1.9 1.9
1997 1.7 1.4 1.7 1.7
1998 1.1 0.6 1.1 1.1
1999 1.4 1.6 1.4 1.4
2000 2.2 2.5 2.2 2.2
2001 2.4 2.0 2.4 2.4
2002 1.7 1.5 1.7 1.6
2003 1.8 2.0 1.8 1.8
1959: I 1.8 2.1 0.9 0.9
II 0.6 0.6 0.0 0.0
III 1.1 1.0 1.0 1.0
IV 1.6 1.6 1.7 1.7
1960: I 1.0 0.9 1.8 1.8
II 1.8 1.8 1.4 1.4
III 1.9 1.9 1.5 1.5
IV 1.8 1.8 1.2 1.2
1961: I 0.5 0.4 0.9 0.9
II 0.7 0.5 0.9 0.9
III 1.1 1.1 1.2 1.3
IV 1.0 0.9 1.4 1.4
1962: I 2.3 2.1 2.4 2.4
II 1.0 1.3 0.6 0.6
III 1.1 1.0 1.0 1.0
IV 1.4 1.5 1.3 1.3
1963: I 1.1 1.3 0.9 0.9
II 0.4 0.5 0.8 0.8
III 0.7 0.9 0.8 0.8
IV 2.4 2.5 3.0 3.0
1964: I 1.4 1.5 1.2 1.2
II 1.3 1.5 1.0 1.1
III 2.0 1.8 1.6 1.6
IV 1.9 1.7 2.0 2.0
1965: I 1.8 1.5 2.0 2.0
II 1.8 1.8 1.7 1.7
III 1.8 1.9 1.5 1.5
IV 2.5 2.8 2.6 2.6
1966: I 2.5 2.2 2.6 2.7
II 3.8 3.9 3.4 3.4
III 3.9 3.6 4.3 4.3
IV 3.6 3.3 3.7 3.7
1967: I 1.9 1.6 1.8 1.8
II 2.5 2.5 2.2 2.2
III 3.7 3.7 4.0 4.0
IV 4.5 4.4 4.5 4.5
1968: I 4.4 4.4 4.4 4.5
II 4.5 4.3 4.3 4.2
III 3.9 4.2 4.0 4.0
IV 5.7 5.7 5.8 5.8
1969: I 4.1 3.9 4.2 4.2
II 5.5 5.5 5.3 5.3
III 6.0 5.8 5.9 5.9
IV 5.2 5.2 5.3 5.3
1970: I 5.7 6.0 5.8 5.9
II 5.8 5.7 5.6 5.6
III 3.2 3.8 3.2 3.2
IV 5.2 5.4 5.3 5.3
1971: I 6.1 6.0 6.2 6.2
II 5.5 5.5 5.4 5.4
III 4.1 4.5 4.1 4.1
IV 3.2 3.4 3.2 3.2
1972: I 6.8 6.5 6.4 6.4
II 2.4 2.8 2.4 2.4
III 3.7 4.0 3.9 4.0
IV 4.8 4.8 5.4 5.4
1973: I 5.4 5.4 4.9 4.9
II 6.8 7.7 6.3 6.4
III 7.9 7.6 8.0 8.0
IV 7.1 7.7 8.2 8.2
1974: I 8.4 11.0 7.9 7.8
II 9.2 11.9 9.8 9.7
III 12.9 12.8 12.3 12.3
IV 12.8 12.1 12.5 12.5
1975: I 9.6 9.0 9.5 9.5
II 6.0 6.3 6.2 6.2
III 7.7 7.1 7.6 7.7
IV 7.3 7.2 7.2 7.2
1976: I 4.6 4.6 4.5 4.5
II 4.4 4.5 4.4 4.4
III 5.5 5.9 5.6 5.6
IV 7.0 6.7 7.5 7.5
1977: I 6.8 7.7 6.7 6.7
II 6.6 7.1 5.9 6.0
III 5.6 6.2 5.0 5.0
IV 6.9 7.1 9.0 9.0
1978: I 6.9 6.8 6.1 6.1
II 7.9 7.9 7.5 7.6
III 7.1 7.1 6.8 6.8
IV 8.4 7.9 8.7 8.7
1979: I 7.5 7.9 7.2 7.2
II 10.1 10.6 10.2 10.2
III 8.5 10.5 8.9 8.9
IV 8.1 10.1 8.2 8.2
1980: I 9.1 11.4 8.7 8.7
II 9.1 10.1 9.1 9.1
III 9.4 9.4 9.4 9.4
IV 11.7 11.0 11.5 11.5
1981: I 10.8 10.9 10.7 10.8
II 7.2 7.3 7.7 7.7
III 7.6 6.3 7.3 7.3
IV 7.2 7.1 7.5 7.5
1982: I 5.8 5.4 5.6 5.5
II 5.1 4.4 4.9 4.9
III 5.7 5.4 5.8 5.8
IV 4.3 4.2 4.4 4.4
1983: I 3.5 2.5 3.3 3.3
II 2.9 2.8 2.9 2.9
III 4.1 4.0 4.2 4.2
IV 2.9 2.3 3.1 3.1
1984: I 5.0 5.1 5.1 5.1
II 3.6 3.6 3.5 3.5
III 3.3 2.8 3.2 3.2
IV 2.4 2.1 2.6 2.6
1985: I 4.7 3.9 4.6 4.6
II 2.1 2.3 2.3 2.3
III 1.9 2.1 1.7 1.7
IV 2.4 3.2 2.6 2.6
1986: I 2.1 2.2 2.1 2.1
II 1.9 0.8 2.1 2.0
III 2.6 2.9 2.3 2.3
IV 2.9 3.0 2.6 2.6
1987: I 3.1 4.0 3.3 3.4
II 2.2 2.8 2.2 2.3
III 3.0 3.3 3.0 3.0
IV 2.7 2.8 2.9 2.9
1988: I 3.4 3.5 3.4 3.4
II 4.0 4.0 3.9 3.9
III 4.8 3.8 4.5 4.5
IV 3.2 3.6 3.0 3.1
1989: I 4.2 4.5 4.6 4.6
II 3.9 4.3 3.9 3.9
III 2.9 2.4 2.9 2.9
IV 2.7 3.0 2.8 2.8
1990: I 4.9 5.5 4.9 4.9
II 4.7 3.8 4.7 4.7
III 3.6 4.5 3.6 3.6
IV 3.1 5.0 3.0 3.1
1991: I 4.8 3.2 4.8 4.8
II 2.6 1.6 2.6 2.6
III 2.8 2.5 2.9 2.9
IV 2.0 2.4 2.1 2.1
1992: I 2.7 2.5 2.4 2.4
II 2.1 2.3 2.2 2.2
III 1.8 2.4 1.8 1.8
IV 2.1 2.0 2.1 2.1
1993: I 3.2 2.5 3.2 3.2
II 2.2 2.4 2.2 2.2
III 1.8 1.5 1.7 1.8
IV 2.0 1.9 2.1 2.2
1994: I 2.6 2.1 2.4 2.4
II 1.7 2.1 1.7 1.7
III 2.4 2.9 2.6 2.5
IV 1.9 1.9 1.9 1.9
1995: I 2.6 2.4 2.6 2.6
II 1.5 2.0 1.4 1.5
III 1.7 1.5 1.9 1.9
IV 2.0 1.8 1.9 1.9
1996: I 2.5 2.3 2.6 2.6
II 1.3 1.3 1.4 1.4
III 1.9 1.7 1.3 1.2
IV 1.7 2.2 2.1 2.1
1997: I 2.2 1.7 2.6 2.6
II 1.4 0.5 0.6 0.6
III 1.1 0.8 1.4 1.4
IV 1.4 1.2 1.3 1.3
1998: I 1.0 0.0 1.0 1.0
II 0.8 0.5 0.7 0.7
III 1.4 1.1 1.5 1.5
IV 1.2 1.3 1.4 1.4
1999: I 1.5 1.3 1.6 1.7
II 1.8 2.3 1.4 1.4
III 1.3 2.0 1.4 1.4
IV 1.9 2.3 1.7 1.7
2000: I 3.4 3.8 3.6 3.6
II 2.0 1.8 1.7 1.7
III 1.9 2.3 2.1 2.1
IV 1.8 1.8 1.6 1.6
2001: I 3.3 2.7 3.3 3.2
II 3.1 2.3 3.1 3.1
III 1.6 1.0 1.7 1.7
IV 1.7 0.6 2.0 2.0
2002: I 1.4 1.2 1.0 1.0
II 1.5 2.5 1.8 1.8
III 1.7 1.8 1.3 1.3
IV 2.0 1.9 2.0 2.0
2003: I 2.7 3.7 2.9 2.9
II 1.1 0.4 1.1 1.1
III 1.4 1.7 1.3 1.3
IV 1.6 1.4 1.4 1.4
2004: I 2.8 3.4 2.7 2.7
II 3.2 3.5 3.2 3.2
III 1.3 1.8 1.3 1.4
D. Domestic Perspectives
This table presents data collected from other government agencies and
private organizations, as noted. Quarterly data are shown in the middle
month of the quarter.
Table D.1. Domestic Perspectives
2003
2002 2003
Oct.
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 179.9 184.0 184.9
Commodities 149.7 151.2 151.2
Services 209.8 216.5 218.4
All items less food and energy 190.5 193.2 194.0
Food 176.2 180.0 181.8
Energy 121.7 136.5 137.8
Producer price index, 1982=100:
Finished goods 138.9 143.3 144.7
Consumer goods 139.4 145.3 147.1
Capital equipment 139.1 139.5 140.0
Less food and energy 150.2 150.5 151.2
Intermediate materials 127.8 133.7 134.4
Less food and energy 135.8 138.5 139.1
Crude materials 108.1 135.3 137.9
Less energy 135.7 152.5 160.3
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 0.21
M2 -0.24
Ratio:
Gross domestic product to M1 8.798 8.706
Personal income to M2 1.581 1.527 1.528
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.68 4.12 4.00
3-month Treasury bills,
secondary market 1.60 1.01 0.92
3-year U.S. Treasury bonds 3.10 2.11 2.26
10-year U.S. Treasury bonds 4.61 4.02 4.29
Federal funds rate 1.67 1.13 1.01
New home mortgages 6.54 5.82 5.95
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 993.94 965.23 1,038.73
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 144,863 146,510 146,892
Labor force participation rates
(percent):
Total 66.6 66.2 66.2
Males, age 20 and over 76.3 75.9 75.9
Females, age 20 and over 60.5 60.6 60.5
Both sexes, age 16-19 47.4 44.5 43.7
Civilian employment 136,485 137,736 138,095
Ratio, civilian employment to
working-age population
(percent) 62.7 62.3 62.2
Employees on nonagricultural
payrolls 129,944
Goods-producing industries 21,674
Services-producing industries 108,270
Hours of production workers:
Average weekly hours, total
private sector 33.9 33.7 33.7
Average weekly hours,
manufacturing 40.5 40.4 40.5
Average weekly overtime hours,
manufacturing 4.2 4.2 4.3
Number of persons unemployed 8,378 8,774 8,797
Unemployment rates (percent):
Total 5.8 6.0 6.0
Males, age 20 and over 5.3 5.6 5.6
Females, age 20 and over 5.1 5.1 5.2
Both sexes, age 16-19. 16.5 17.5 17.1
15 weeks and over 2.0 2.3 2.4
Average weeks unemployed 16.6 19.2 19.4
Median weeks unemployed 9.1 10.1 10.3
Productivity and costs, nonfarm
business sector, 1992=100:
Indexes:
Output per hour of all
persons 123.5 129.0
Unit labor costs 116.5 116.1
Hourly compensation 143.8 149.7
Percent change from preceding
period, annual rate:
Output per hour 4.4 4.4
Unit labor costs -1.1 -0.4
Real hourly compensation 1.6 1.7
Construction (monthly data
seasonally adjusted at annual
rates) (4)
New construction put in place
(billions of dollars) 871.3 915.7 942.2
Private construction 651.7 690.0 714.1
Residential buildings 421.9 476.1 495.6
Other 229.8 213.9 218.6
Public construction 219.6 225.7 228.0
Housing starts (thousands of
units):
Total 1,705 1,848 1,983
1-unit structures 1,359 1,499 1,644
New 1-family houses sold
(thousands of units) 973 1,086 1,141
Manufacturing and trade inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,177,496
Manufacturing 438,680
Retail trade 446,267
Merchant wholesalers 292,549
Sales:
Total manufacturing and trade 9,864,160 10,283,973 873,336
Manufacturing 3,891,753 3,999,124 339,825
Retail trade 3,230,122 3,399,544 287,081
Merchant wholesalers 2,742,285 2,885,305 246,430
Inventory-sales ratio:
Total manufacturing and trade 1.35
Manufacturing 1.29
Retail trade 1.55
Merchant wholesalers 1.19
Industrial production indexes and
capacity utilization rates (monthly
data seasonally adjusted) (2)
Industrial production indexes,
1997=100:
Total 110.9 111.1 111.8
Final products 107.6 107.5 107.7
Consumer goods 106.8 106.1 106.0
Business equipment 109.5 110.4 110.8
Nonindustrial supplies 108.6 109.0 109.6
Materials 115.1 115.7 116.9
Capacity utilization rates
(percent):
Total industry 75.6 74.8 75.0
Manufacturing 73.9 73.4 73.6
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,158.9 2,640.3
Open market paper -91.5 -81.6
Treasury securities 257.1 398.4
Agency- and GSE-backed
securities 547.2 571.7
Municipal securities 159.4 135.1
Corporate and foreign bonds 431.8 572.9
Bank loans, n.e.c. -80.6 -94.5
Other loans and advances 24.7 39.1
Mortgages 833.4 1,016.2
Consumer credit 77.4 83.0
2003 2004
Nov. Dec. Jan.
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 184.6 184.9 185.8
Commodities 150.5 150.7 151.7
Services 218.4 218.9 219.5
All items less food and energy 194.0 194.1 194.4
Food 182.6 183.5 183.5
Energy 133.7 134.1 140.4
Producer price index, 1982=100:
Finished goods 144.5 144.8 145.7
Consumer goods 146.7 147.2 148.4
Capital equipment 140.1 139.9 140.2
Less food and energy 151.2 151.0 151.5
Intermediate materials 134.4 134.9 136.1
Less food and energy 139.3 139.6 140.4
Crude materials 137.9 142.6 148.4
Less energy 167.2 172.2 178.5
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 -0.05 0.78 -0.46
M2 -0.05 -0.05 0.13
Ratio:
Gross domestic product to M1 8.758
Personal income to M2 1.539 1.546 1.549
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.00 4.00 4.00
3-month Treasury bills,
secondary market 0.93 0.90 0.88
3-year U.S. Treasury bonds 2.45 2.44 2.27
10-year U.S. Treasury bonds 4.30 4.27 4.15
Federal funds rate 1.00 0.98 1.00
New home mortgages 5.93 5.88 5.71
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 1,049.90 1,080.64 1,132.52
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 147,187 146,878 146,863
Labor force participation rates
(percent):
Total 66.2 66.0 66.1
Males, age 20 and over 76.1 75.9 76.0
Females, age 20 and over 60.5 60.4 60.2
Both sexes, age 16-19 43.8 43.2 44.4
Civilian employment 138,533 138,479 138,566
Ratio, civilian employment to
working-age population
(percent) 62.3 62.2 62.4
Employees on nonagricultural
payrolls 130,027 130,035 130,194
Goods-producing industries 21,686 21,668 21,696
Services-producing industries 108,341 108,367 108,498
Hours of production workers:
Average weekly hours, total
private sector 33.8 33.6 33.8
Average weekly hours,
manufacturing 40.8 40.6 41.0
Average weekly overtime hours,
manufacturing 4.5 4.5 4.5
Number of persons unemployed 8,653 18,398 8,297
Unemployment rates (percent):
Total 5.9 5.7 5.6
Males, age 20 and over 5.6 5.3 5.1
Females, age 20 and over 5.1 5.1 5.0
Both sexes, age 16-19. 15.7 16.1 16.7
15 weeks and over 2.4 2.3 2.3
Average weeks unemployed 20.0 19.6 19.8
Median weeks unemployed 10.4 10.4 10.7
Productivity and costs, nonfarm
business sector, 1992=100:
Indexes:
Output per hour of all
persons 131.7
Unit labor costs 115.9
Hourly compensation 152.5
Percent change from preceding
period, annual rate:
Output per hour 3.1
Unit labor costs 1.2
Real hourly compensation 3.6
Construction (monthly data
seasonally adjusted at annual
rates) (4)
New construction put in place
(billions of dollars) 947.7 948.9 946.5
Private construction 721.1 727.0 724.0
Residential buildings 504.2 511.3 513.9
Other 216.9 215.7 210.1
Public construction 226.6 222.0 222.6
Housing starts (thousands of
units):
Total 2,054 2,067 1,934
1-unit structures 1,670 1,657 1,565
New 1-family houses sold
(thousands of units) 1,086 1,120 1,155
Manufacturing and trade inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,181,735 1,185,477 1,187,402
Manufacturing 438,126 438,584 440,029
Retail trade 450,075 451,458 451,357
Merchant wholesalers 293,534 295,435 296,016
Sales:
Total manufacturing and trade 879,925 891,329 894,394
Manufacturing 341,454 348,485 348,477
Retail trade 290,734 291,318 292,253
Merchant wholesalers 247,737 251,526 253,664
Inventory-sales ratio:
Total manufacturing and trade 1.34 1.33 1.33
Manufacturing 1.28 1.26 1.26
Retail trade 1.55 1.55 1.54
Merchant wholesalers 1.18 1.17 1.17
Industrial production indexes and
capacity utilization rates (monthly
data seasonally adjusted) (2)
Industrial production indexes,
1997=100:
Total 112.9 113.1 113.8
Final products 108.9 109.1 109.8
Consumer goods 107.1 107.3 108.1
Business equipment 112.7 113.2 114.4
Nonindustrial supplies 110.4 110.8 111.3
Materials 117.9 118.2 118.9
Capacity utilization rates
(percent):
Total industry 75.7 75.8 76.2
Manufacturing 74.4 74.4 74.5
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,474.3
Open market paper -168.5
Treasury securities 368.6
Agency- and GSE-backed
securities 566.0
Municipal securities 107.7
Corporate and foreign bonds 648.4
Bank loans, n.e.c. -98.0
Other loans and advances 110.6
Mortgages 894.4
Consumer credit 45.1
2004
Feb. March April
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 186.3 187.2 187.6
Commodities 152.4 153.4 153.4
Services 220.0 220.8 221.6
All items less food and energy 194.8 195.5 196.0
Food 183.8 184.1 184.4
Energy 142.8 145.5 145.7
Producer price index, 1982=100:
Finished goods 145.8 146.7 147.7
Consumer goods 148.6 149.6 150.9
Capital equipment 139.9 140.4 140.5
Less food and energy 151.4 151.8 152.0
Intermediate materials 137.4 138.5 140.4
Less food and energy 141.7 142.9 144.5
Crude materials 150.7 153.1 155.9
Less energy 189.3 194.6 186.3
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 1.51 1.48 -0.21
M2 0.83 0.78 0.80
Ratio:
Gross domestic product to M1 8.778
Personal income to M2 1.543 1.538 1.536
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.00 4.00 4.00
3-month Treasury bills,
secondary market 0.93 0.94 0.94
3-year U.S. Treasury bonds 2.25 2.00 2.57
10-year U.S. Treasury bonds 4.08 3.83 4.35
Federal funds rate 1.01 1.00 1.00
New home mortgages 5.64 5.45 5.83
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 1,143.36 1,123.98 1,133.08
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 146,471 146,650 146,741
Labor force participation rates
(percent):
Total 65.9 65.9 65.9
Males, age 20 and over 75.6 75.7 75.5
Females, age 20 and over 60.3 60.3 60.3
Both sexes, age 16-19 43.6 42.9 43.7
Civilian employment 138,301 138,298 138,576
Ratio, civilian employment to
working-age population
(percent) 62.2 62.1 62.2
Employees on nonagricultural
payrolls 130,277 130,630 130,954
Goods-producing industries 21,684 21,778 21,822
Services-producing industries 108,593 108,852 109,132
Hours of production workers:
Average weekly hours, total
private sector 33.8 33.8 33.7
Average weekly hours,
manufacturing 41.0 40.9 40.7
Average weekly overtime hours,
manufacturing 4.6 4.6 4.5
Number of persons unemployed 8,170 8,352 8,164
Unemployment rates (percent):
Total 5.6 5.7 5.6
Males, age 20 and over 5.1 5.2 5.0
Females, age 20 and over 4.9 5.1 5.0
Both sexes, age 16-19. 16.6 16.5 16.9
15 weeks and over 2.2 2.3 2.0
Average weeks unemployed 20.3 20.1 19.7
Median weeks unemployed 10.3 10.3 9.5
Productivity and costs, nonfarm
business sector, 1992=100:
Indexes:
Output per hour of all
persons 132.8
Unit labor costs 115.4
Hourly compensation 153.3
Percent change from preceding
period, annual rate:
Output per hour 3.7
Unit labor costs -1.6
Real hourly compensation -1.6
Construction (monthly data
seasonally adjusted at annual
rates) (4)
New construction put in place
(billions of dollars) 952.2 973.9 986.4
Private construction 732.1 738.7 747.5
Residential buildings 516.4 522.2 525.9
Other 215.7 216.5 221.6
Public construction 220.1 235.2 238.9
Housing starts (thousands of
units):
Total 1,895 2,000 1,963
1-unit structures 1,521 1,624 1,615
New 1-family houses sold
(thousands of units) 1,165 1,270 1,176
Manufacturing and trade inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,197,124 1,205,977 1,214,579
Manufacturing 442,798 444,579 446,699
Retail trade 454,614 460,087 465,891
Merchant wholesalers 299,712 301,311 301,989
Sales:
Total manufacturing and trade 902,285 931,224 930,732
Manufacturing 348,157 362,925 362,569
Retail trade 295,019 301,790 299,146
Merchant wholesalers 259,109 266,509 269,017
Inventory-sales ratio:
Total manufacturing and trade 1.33 1.30 1.30
Manufacturing 1.27 1.22 1.23
Retail trade 1.54 1.52 1.56
Merchant wholesalers 1.16 1.13 1.12
Industrial production indexes and
capacity utilization rates (monthly
data seasonally adjusted) (2)
Industrial production indexes,
1997=100:
Total 114.8 114.7 115.3
Final products 110.8 110.7 111.0
Consumer goods 108.8 108.5 108.6
Business equipment 116.2 116.2 117.3
Nonindustrial supplies 112.1 112.2 113.8
Materials 119.8 119.7 120.2
Capacity utilization rates
(percent):
Total industry 76.7 76.6 76.8
Manufacturing 75.3 75.5 75.9
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,757.5
Open market paper 284.2
Treasury securities 482.9
Agency- and GSE-backed
securities 84.8
Municipal securities 167.4
Corporate and foreign bonds 394.2
Bank loans, n.e.c. -28.0
Other loans and advances 95.3
Mortgages 1,152.2
Consumer credit 124.4
2004
May June July
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 188.8 189.4 189.3
Commodities 155.2 155.8 155.0
Services 222.1 222.8 223.4
All items less food and energy 196.4 196.6 196.8
Food 186.1 186.4 186.9
Energy 152.4 156.4 153.4
Producer price index, 1982=100:
Finished goods 148.6 148.3 148.5
Consumer goods 152.1 151.5 151.6
Capital equipment 140.9 141.4 141.7
Less food and energy 152.3 152.7 153.0
Intermediate materials 141.8 142.5 143.5
Less food and energy 145.7 146.1 147.1
Crude materials 160.9 162.1 161.0
Less energy 176.7 175.9 191.4
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 -0.07 1.00 -0.88
M2 1.17 0.15 -0.11
Ratio:
Gross domestic product to M1 8.783
Personal income to M2 1.527 1.528 1.532
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.00 4.01 4.25
3-month Treasury bills,
secondary market 1.02 1.27 1.33
3-year U.S. Treasury bonds 3.10 3.26 3.05
10-year U.S. Treasury bonds 4.72 4.73 4.50
Federal funds rate 1.00 1.03 1.26
New home mortgages 6.27 6.29 6.06
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 1,102.78 1,132.76 1,105.85
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 146,974 147,279 147,856
Labor force participation rates
(percent):
Total 65.9 66.0 66.2
Males, age 20 and over 75.6 75.8 75.9
Females, age 20 and over 60.3 60.3 60.5
Both sexes, age 16-19 43.9 43.3 44.1
Civilian employment 138,772 139,031 139,660
Ratio, civilian employment to
working-age population
(percent) 62.2 62.3 62.5
Employees on nonagricultural
payrolls 131,162 131,258 131,343
Goods-producing industries 21,894 21,891 21,906
Services-producing industries 109,268 109,367 109,437
Hours of production workers:
Average weekly hours, total
private sector 33.8 33.6 33.8
Average weekly hours,
manufacturing 41.1 40.8 40.8
Average weekly overtime hours,
manufacturing 4.6 4.6 4.6
Number of persons unemployed 8,203 8,248 8,196
Unemployment rates (percent):
Total 5.6 5.6 5.5
Males, age 20 and over 5.2 5.0 4.9
Females, age 20 and over 4.8 5.0 4.9
Both sexes, age 16-19. 17.2 16.8 17.6
15 weeks and over 2.1 2.1 1.9
Average weeks unemployed 20.0 19.9 18.6
Median weeks unemployed 10.0 10.8 8.9
Productivity and costs, nonfarm
business sector, 1992=100:
Indexes:
Output per hour of all
persons 134.1
Unit labor costs 115.7
Hourly compensation 155.2
Percent change from preceding
period, annual rate:
Output per hour 3.9
Unit labor costs 1.0
Real hourly compensation 0.2
Construction (monthly data
seasonally adjusted at annual
rates) (4)
New construction put in place
(billions of dollars) 992.8 996.4 1,005.1
Private construction 756.4 758.9 767.1
Residential buildings 535.5 538.5 543.3
Other 220.9 220.4 223.8
Public construction 236.3 237.4 238.0
Housing starts (thousands of
units):
Total 1,979 1,817 1,985
1-unit structures 1,654 1,520 1,661
New 1-family houses sold
(thousands of units) 1,244 1,198 1,095
Manufacturing and trade inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,222,744 1,236,066 1,248,260
Manufacturing 449,946 454,310 458,681
Retail trade 466,569 472,012 475,225
Merchant wholesalers 306,229 309,744 314,354
Sales:
Total manufacturing and trade 938,211 940,345 948,939
Manufacturing 364,705 368,804 372,105
Retail trade 303,683 301,306 304,355
Merchant wholesalers 269,823 270,235 272,479
Inventory-sales ratio:
Total manufacturing and trade 1.30 1.31 1.32
Manufacturing 1.23 1.23 1.23
Retail trade 1.54 1.57 1.56
Merchant wholesalers 1.13 1.15 1.15
Industrial production indexes and
capacity utilization rates (monthly
data seasonally adjusted) (2)
Industrial production indexes,
1997=100:
Total 116.2 115.9 116.7
Final products 111.9 111.4 112.5
Consumer goods 109.2 108.3 108.6
Business equipment 119.1 119.8 123.5
Nonindustrial supplies 114.9 114.9 115.6
Materials 121.2 120.9 121.5
Capacity utilization rates
(percent):
Total industry 77.4 77.0 77.5
Manufacturing 76.3 76.1 76.6
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total 2,578.7
Open market paper 14.2
Treasury securities 448.6
Agency- and GSE-backed
securities 304.6
Municipal securities 98.8
Corporate and foreign bonds 386.9
Bank loans, n.e.c. 64.3
Other loans and advances 140.1
Mortgages 1,076.3
Consumer credit 45.0
2004
Aug. Sept. Oct.
Consumer and producer prices
(monthly data seasonally adjusted)
(1)
Consumer price index for all
urban consumers, 1982-84=100:
All items 189.4 189.7 190.9
Commodities 154.8 155.0 157.0
Services 223.7 224.3 224.5
All items less food and energy 196.9 197.5 197.9
Food 187.0 187.0 188.1
Energy 153.0 152.4 158.8
Producer price index, 1982=100:
Finished goods 148.4 148.5 151.0
Consumer goods 151.4 151.4 154.6
Capital equipment 141.6 142.1 142.7
Less food and energy 152.8 153.3 153.8
Intermediate materials 144.9 145.1 146.4
Less food and energy 148.5 149.5 149.9
Crude materials 159.8 153.1 159.7
Less energy 200.1 195.1 205.7
Money, interest rates, and stock
prices
Money stock (monthly and
quarterly data seasonally
adjusted): (2)
Percent change:
M1 1.29 0.25 -0.07
M2 0.14 0.47 0.20
Ratio:
Gross domestic product to M1 8.836
Personal income to M2 1.536 1.532 1.538
Interest rates (percent, not
seasonally adjusted): (2)
Prime rate charged by banks 4.43 4.58 4.75
3-month Treasury bills,
secondary market 1.48 1.65 1.76
3-year U.S. Treasury bonds 2.88 2.83 2.85
10-year U.S. Treasury bonds 4.28 4.13 4.10
Federal funds rate 1.43 1.61 1.76
New home mortgages 5.87 5.75 5.72
Index of stock prices (not
seasonally adjusted): (3)
500 common stocks, 1941-43=10 1,117.66 1,118.07
Labor markets (thousands, monthly
and quarterly data seasonally
adjusted, unless otherwise noted)
(1)
Civilian labor force 147,704 147,483 147,850
Labor force participation rates
(percent):
Total 66.0 65.9 65.9
Males, age 20 and over 75.9 75.6 75.7
Females, age 20 and over 60.2 60.2 60.3
Both sexes, age 16-19 44.1 43.4 43.8
Civilian employment 139,681 139,480 139,778
Ratio, civilian employment to
working-age population
(percent) 62.4 62.3 62.3
Employees on nonagricultural
payrolls 131,541 131,660 131,963
Goods-producing industries 21,939 21,958 22,020
Services-producing industries 109,602 109,702 109,943
Hours of production workers:
Average weekly hours, total
private sector 33.7 33.8 33.8
Average weekly hours,
manufacturing 40.9 40.8 40.6
Average weekly overtime hours,
manufacturing 4.6 4.6 4.5
Number of persons unemployed 8,022 8,003 8,072
Unemployment rates (percent):
Total 5.4 5.4 5.5
Males, age 20 and over 5.0 5.0 4.9
Females, age 20 and over 4.7 4.7 4.8
Both sexes, age 16-19. 17.0 16.6 17.2
15 weeks and over 2.0 2.0 2.1
Average weeks unemployed 19.0 19.6 19.6
Median weeks unemployed 9.4 9.5 9.5
Productivity and costs, nonfarm
business sector, 1992=100:
Indexes:
Output per hour of all
persons 134.7
Unit labor costs 116.2
Hourly compensation 156.5
Percent change from preceding
period, annual rate:
Output per hour 1.9
Unit labor costs 1.6
Real hourly compensation 1.7
Construction (monthly data
seasonally adjusted at annual
rates) (4)
New construction put in place
(billions of dollars) 1,007.9 1,009.0 1,009.4
Private construction 777.0 776.0 773.4
Residential buildings 552.7 551.1 549.4
Other 224.3 224.8 224.0
Public construction 231.0 233.1 236.0
Housing starts (thousands of
units):
Total 2,018 1,905 2,027
1-unit structures 1,685 1,556 1,645
New 1-family houses sold
(thousands of units) 1,144 1,224 1,226
Manufacturing and trade inventories
and sales (millions of dollars,
monthly data seasonally adjusted)
(4)
Inventories:
Total manufacturing and trade 1,257,121 1,258,330
Manufacturing 461,975 463,262
Retail trade 477,465 475,767
Merchant wholesalers 317,681 319,301
Sales:
Total manufacturing and trade 954,299 956,759
Manufacturing 375,537 371,302
Retail trade 303,549 308,606
Merchant wholesalers 275,213 276,851
Inventory-sales ratio:
Total manufacturing and trade 1.32 1.32
Manufacturing 1.23 1.25
Retail trade 1.57 1.54
Merchant wholesalers 1.15 1.15
Industrial production indexes and
capacity utilization rates (monthly
data seasonally adjusted) (2)
Industrial production indexes,
1997=100:
Total 116.7 116.8 117.6
Final products 112.6 112.8 113.5
Consumer goods 109.2 109.3 109.9
Business equipment 122.0 122.6 123.3
Nonindustrial supplies 115.1 115.4 116.2
Materials 121.4 121.3 122.3
Capacity utilization rates
(percent):
Total industry 77.3 77.3 77.7
Manufacturing 76.7 76.4 76.8
Credit market borrowing (billions of
dollars, quarterly data seasonally
adjusted at annual rates) (2)
All sectors, by instrument:
Total
Open market paper
Treasury securities
Agency- and GSE-backed
securities
Municipal securities
Corporate and foreign bonds
Bank loans, n.e.c.
Other loans and advances
Mortgages
Consumer credit
Sources:
(1.) Bureau of Labor Statistics
(2.) Federal Reserve Board
(3.) Standard and Poor's, Inc.
(4.) Bureau of the Census
GSE Government-sponsored enterprises
n.e.c. Not elsewhere classified
E. Charts
The percent changes shown in this section are based on
quarter-to-quarter changes and are expressed at seasonally adjusted
annual rates. The levels of series are also expressed at seasonally
adjusted annual rates as appropriate.
SELECTED NIPA SERIES
SHARES OF NATIONAL INCOME
1959 2003
Wage and salary 57.0% 52.7%
accruals
Supplements to wages 4.6% 12.2%
and salaries
Proprietors' income 11.1% 8.6%
Rental income 3.6% 1.6%
or persons
Corporate profits 12.2% 10.5%
Net interest and misc. payments 2.1% 5.6%
Taxes on production and imports 9.0% 8.2%
Other 0.4% 0.4%
Note: Table made from pie chart.
SHARES OF GROSS DOMESTIC PRODUCT BY SECTOR
1959 2003
Business 80.6% 77.0%
Households 5.9% 6.5%
Nonprofit institutions serving 2.0% 5.1%
households
General government 6.3% 3.4%
Federal
General government, 5.2% 8.0%
state and local
Note: Table made from pie chart.
SHARES OF GROSS DOMESTIC PURCHASES
1959 2003
Personal consumption 62.7% 67.5%
expenditures
Private nonresidential 10.0% 9.5%
investment
Private residential 5.6% 5.0%
investment
Federal Government * 12.9% 6.5%
State and local government * 8.8% 11.5%
* Consumption expenditures and gross investment
Note: Table made from pie chart.
International Data
F. Transactions Tables
Table F.1 presents estimates of U.S. international trade in goods and
services that were released on December 14, 2004. It includes
preliminary estimates for October 2004 and revised estimates for April
through September 2004. The sources for the other tables in this
section are as noted.
Table F.1. U.S. International Transactions in Goods and Services
[Millions of dollars; monthly estimates seasonally adjusted]
2002 2003
Exports of goods and services 975,940 1,020,503
Goods 681,833 713,122
Foods, feeds, and beverages 49,616 55,026
Industrial supplies and
materials 156,812 173,043
Capital goods, except
automotive 290,437 293,621
Automotive vehicles, parts,
and engines 78,942 80,686
Consumer goods (nonfood),
except automotive 84,359 89,908
Other goods 32,937 32,488
Adjustments (1) -11,270 -11,649
Services 294,107 307,381
Travel 66,728 64,509
Passenger fares 17,046 15,693
Other transportation 29,195 31,833
Royalties and license fees 44,219 48,227
Other private services 124,181 133,818
Transfers under U.S. military
agency sales contracts (2) 11,943 12,491
U.S. Government miscellaneous
sevices 795 810
Imports of goods and services 1,397,675 1,517,011
Goods 1,164,728 1,260,674
Foods, feeds, and beverages 49,687 55,831
Industrial supplies and
materials 267,693 313,818
Capital goods, except
automotive 283,323 295,833
Automotive vehicles, arts,
and engines 203,743 210,173
Consumer goods (nonfood),
except automotive 307,842 333,878
Other goods 49,078 47,587
Adjustments (1) 3,362 3,553
Services 232,947 256,337
Travel 58,044 56,613
Passenger fares 19,969 20,957
Other transportation 38,407 44,768
Royalties and license fees 19,235 20,049
Other private services 75,271 85,829
Direct defense
expenditures (2) 192,101 25,117
U.S. Government miscellaneous
services 2,920 3,004
Memoranda:
Balance on goods -482,895 -547,552
Balance on services 61,160 51,044
Balance on goods and services -421,735 -496,508
2003
Sept. Oct. Nov.
Exports of goods and services 86,009 88,107 90,133
Goods 59,926 61,170 63,075
Foods, feeds, and beverages 4,690 4,794 5,022
Industrial supplies and
materials 14,175 14,632 14,642
Capital goods, except
automotive 24,849 25,482 26,841
Automotive vehicles, parts,
and engines 6,784 6,937 6,764
Consumer goods (nonfood),
except automotive 7,696 7,588 7,979
Other goods 2,823 2,509 2,930
Adjustments (1) -1,091 -771 -1,103
Services 26,083 26,937 27,058
Travel 5,546 5,899 6,041
Passenger fares 1,359 1,389 1,445
Other transportation 2,651 2,863 2,805
Royalties and license fees 4,089 4,141 4,164
Other private services 11,255 11,432 11,431
Transfers under U.S. military
agency sales contracts (2) 1,115 1,146 1,104
U.S. Government miscellaneous
sevices 68 67 68
Imports of goods and services 127,259 129,596 130,128
Goods 105,490 107,345 107,818
Foods, feeds, and beverages 4,788 4,785 4,883
Industrial supplies and
materials 26,138 25,994 25,831
Capital goods, except
automotive 25,058 25,365 25,642
Automotive vehicles, arts,
and engines 17,510 18,009 18,103
Consumer goods (nonfood),
except automotive 27,775 28,926 29,075
Other goods 3,910 3,990 4,020
Adjustments (1) 310 277 264
Services 21,769 22,251 22,310
Travel 4,769 4,938 4,953
Passenger fares 1,791 1,853 1,894
Other transportation 3,790 3,783 3,697
Royalties and license fees 1,757 1,753 1,766
Other private services 7,263 7,429 7,470
Direct defense
expenditures (2) 2,148 2,243 2,278
U.S. Government miscellaneous
services 251 252 252
Memoranda:
Balance on goods -45,565 -46,176 -44,742
Balance on services 4,314 4,686 4,748
Balance on goods and services -41,251 -41,490 -39,994
2003 2004
Dec. Jan. Feb.
Exports of goods and services 90,067 88,605 92,249
Goods 62,613 61,684 64,934
Foods, feeds, and beverages 4,880 4,563 4,671
Industrial supplies and
materials 15,122 15,127 16,011
Capital goods, except
automotive 26,003 25,880 27,242
Automotive vehicles, parts,
and engines 6,906 6,679 6,972
Consumer goods (nonfood),
except automotive 7,849 7,674 8,153
Other goods 2,648 2,736 2,849
Adjustments (1) -796 -976 -964
Services 27,454 26,921 27,315
Travel 6,131 5,799 6,011
Passenger fares 1,476 1,442 1,527
Other transportation 2,880 2,903 2,992
Royalties and license fees 4,176 4,158 4,156
Other private services 11,615 11,494 11,494
Transfers under U.S. military
agency sales contracts (2) 1,108 1,063 1,074
U.S. Government miscellaneous
sevices 68 62 61
Imports of goods and services 134,077 134,373 138,034
Goods 111,135 111,276 114,705
Foods, feeds, and beverages 4,949 4,800 5,090
Industrial supplies and
materials 28,056 28,254 31,228
Capital goods, except
automotive 26,686 26,717 26,292
Automotive vehicles, arts,
and engines 18,337 17,823 18,770
Consumer goods (nonfood),
except automotive 28,853 29,403 28,891
Other goods 4,028 4,036 4,182
Adjustments (1) 226 243 251
Services 22,942 23,097 23,329
Travel 5,211 5,216 5,211
Passenger fares 1,816 1,842 1,850
Other transportation 4,072 4,163 4,327
Royalties and license fees 1,785 1,732 1,737
Other private services 7,509 7,616 7,670
Direct defense
expenditures (2) 2,296 2,269 2,273
U.S. Government miscellaneous
services 253 259 261
Memoranda:
Balance on goods -48,523 -49,592 -49,771
Balance on services 4,512 3,824 3,986
Balance on goods and services -44,011 -45,768 -45,785
2004
March April (r) May (r)
Exports of goods and services 95,220 94,281 96,823
Goods 67,302 65,947 68,693
Foods, feeds, and beverages 4,883 4,667 4,775
Industrial supplies and
materials 16,706 16,330 17,346
Capital goods, except
automotive 27,713 27,087 28,749
Automotive vehicles, parts,
and engines 7,241 7,153 7,246
Consumer goods (nonfood),
except automotive 8,649 8,580 8,532
Other goods 3,283 3,081 2,982
Adjustments (1) -1,173 -951 -938
Services 27,918 28,334 28,130
Travel 6,068 6,247 6,120
Passenger fares 1,558 1,617 1,544
Other transportation 3,165 3,133 3,088
Royalties and license fees 4,158 4,170 4,191
Other private services 11,755 11,891 11,909
Transfers under U.S. military
agency sales contracts (2) 11,153 1,214 1,216
U.S. Government miscellaneous
sevices 61 62 62
Imports of goods and services 142,272 142,714 144,133
Goods 118,707 118,935 120,167
Foods, feeds, and beverages 5,148 5,113 5,260
Industrial supplies and
materials 31,832 30,869 31,925
Capital goods, except
automotive 27,239 27,785 28,027
Automotive vehicles, arts,
and engines 18,934 18,982 31,046
Consumer goods (nonfood),
except automotive 31,217 31,651 31,046
Other goods 4,035 4,314 4,214
Adjustments (1) 302 220 277
Services 23,565 23,779 23,966
Travel 5,081 5,352 5,454
Passenger fares 1,882 1,887 1,884
Other transportation 4,561 4,265 4,230
Royalties and license fees 1,754 1,855 1,878
Other private services 7,741 7,788 7,862
Direct defense
expenditures (2) 22,82 2,360 2,384
U.S. Government miscellaneous
services 264 272 274
Memoranda:
Balance on goods -51,405 -52,988 -51,474
Balance on services 4,353 4,555 4,164
Balance on goods and services -47,052 -48,433 -47,310
2004
June (r) July (r) Aug. (r)
Exports of goods and services 92,940 95,892 96,234
Goods 64,675 67,462 68,009
Foods, feeds, and beverages 4,497 4,437 4,229
Industrial supplies and
materials 16,096 17,293 16,974
Capital goods, except
automotive 26,390 27,769 27,743
Automotive vehicles, parts,
and engines 6,982 7,565 7,810
Consumer goods (nonfood),
except automotive 8,437 8,248 8,587
Other goods 3,313 2,920 3,503
Adjustments (1) -1,040 -770 -837
Services 28,265 28,430 28,225
Travel 6,250 6,415 6,139
Passenger fares 1,556 1,584 1,556
Other transportation 2,985 3,088 3,160
Royalties and license fees 4,220 4,278 4,312
Other private services 11,953 11,877 11,864
Transfers under U.S. military
agency sales contracts (2) 1,238 1,125 1,131
U.S. Government miscellaneous
sevices 63 63 63
Imports of goods and services 148,281 146,448 150,095
Goods 123,793 122,224 124,993
Foods, feeds, and beverages 5,247 5,143 5,100
Industrial supplies and
materials 35,061 33,882 36,599
Capital goods, except
automotive 29,357 29,178 29,049
Automotive vehicles, arts,
and engines 18,705 19,127 19,227
Consumer goods (nonfood),
except automotive 30,960 30,486 30,373
Other goods 4,217 4,136 4,363
Adjustments (1) 247 271 281
Services 24,488 24,224 25,102
Travel 5,479 5,585 5,452
Passenger fares 1,974 2,010 1,965
Other transportation 4,558 4,338 4,520
Royalties and license fees 1,881 1,830 2,614
Other private services 7,923 7,840 7,848
Direct defense
expenditures (2) 2,399 2,351 2,434
U.S. Government miscellaneous
services 274 270 269
Memoranda:
Balance on goods -59,118 -54,761 -56,984
Balance on services 3,777 4,206 3,123
Balance on goods and services -55,341 -50,555 -53,861
2004
Sept. (r) Oct. (p)
Exports of goods and services 97,493 98,061
Goods 69,139 69,352
Foods, feeds, and beverages 4,879 4,749
Industrial supplies and
materials 17,416 17,966
Capital goods, except
automotive 28,029 28,112
Automotive vehicles, parts,
and engines 7,717 7,652
Consumer goods (nonfood),
except automotive 8,813 8,808
Other goods 3,327 3,013
Adjustments (1) -1,042 -949
Services 28,354 28,709
Travel 6,215 6,424
Passenger fares 1,547 1,575
Other transportation 3,119 3,226
Royalties and license fees 4,338 4,353
Other private services 11,981 11,968
Transfers under U.S. military
agency sales contracts (2) 1,092 1,101
U.S. Government miscellaneous
sevices 62 62
Imports of goods and services 148,418 153,526
Goods 124,124 129,034
Foods, feeds, and beverages 4,970 5,234
Industrial supplies and
materials 35,495 38,521
Capital goods, except
automotive 29,500 29,590
Automotive vehicles, arts,
and engines 19,468 19,255
Consumer goods (nonfood),
except automotive 30,325 31,961
Other goods 4,111 4,179
Adjustments (1) 255 296
Services 24,294 24,492
Travel 5,481 5,584
Passenger fares 1,896 1,946
Other transportation 4,498 4,458
Royalties and license fees 1,821 1,840
Other private services 7,933 7,991
Direct defense
expenditures (2) 2,395 2,399
U.S. Government miscellaneous
services 270 274
Memoranda:
Balance on goods -54,985 -59,681
Balance on services 4,060 4,217
Balance on goods and services -50,925 -55,464
(p) Preliminary.
(r) Revised.
(1.) Reflects adjustments necessary to bring the Census Bureau's
component data in line with the concepts and definitions used to
prepare BEA's international and national accounts.
(2.) Contains goods that cannot be separately identified.
Source: U.S. Bureau of Economic Analysis and U.S. Bureau of the Census.
Table F.2. U.S. International Transactions
[Millions of dollars]
Not
season-
ally
adjusted
Line (Credits ; debits -) (1) 2003 2003
I
Current account
1 Exports of goods and services and
income receipts 1,314,888 312,717
2 Exports of goods and services 1,020,503 244,400
3 Goods, balance of payments
basis (2) 713,122 171,660
4 Services (3) 307,381 72,740
5 Transfers under U.S. military
agency sales contracts (4) 12,491 2,827
6 Travel 64,509 13,602
7 Passenger fares 15,693 3,454
8 Other transportation 31,833 7,352
9 Royalties and license
fees (5) 48,227 11,286
10 Other private services (5) 133,818 34,017
11 U.S. Government miscellaneous
services 810 202
12 Income receipts 294,385 68,317
13 Income receipts on U.S.-owned
assets abroad 291,354 67,576
14 Direct investment receipts 187,522 41,288
15 Other private receipts 99,135 25,345
16 U.S. Government receipts 4,697 943
17 Compensation of employees 3,031 741
18 Imports of goods and services and
income payments -1,778,117 -418,713
19 Imports of goods and services -1,517,011 -355,417
20 Goods, balance of payments
basis (2) -1,260,674 -297,186
21 Services (3) -256,337 -58,231
22 Direct defense expenditures -25,117 -5,732
23 Travel -56,613 -12,229
24 Passenger fares -20,957 -4,498
25 Other transportation -44,768 -10,248
26 Royalties and license
fees (5) -20,049 -4,480
27 Other private services (5) -85,829 -20,299
28 U.S. Government miscellaneous
services -3,004 -745
29 Income payments -261,106 -63,296
30 Income payments on foreign-
owned assets in the United
States -252,573 -61,221
31 Direct investment payments -68,657 -15,079
32 Other private payments -111,874 -28,146
33 U.S. Government payments -72,042 -17,996
34 Compensation of employees -8,533 -2,075
35 Unilateral current transfers, net -67,439 -16,979
36 U.S. Government grants (4) -21,865 -5,833
37 U.S. Government pensions and
other transfers -5,341 -1,037
38 Private remittances and other
transfers (6) -40,233 -10,109
Capital and financial account
Capital account
39 Capital account transactions, net -3,079 -406
Financial account
40 U.S.-owned assets abroad, net
(increase/financial outflow (-)) -283,414 -106,395
41 U.S. official reserve assets, net 1,523 83
42 Gold (7)
43 Special drawing rights 601 897
44 Reserve position in the
International Monetary Fund 1,494 -644
45 Foreign currencies -572 -170
46 U.S. Government assets, other
than official reserve assets,
net 537 53
47 U.S. credits and other long-
term assets -7,279 -2,428
48 Repayments on U.S. credits and
other long-term assets (8) 7,981 2,445
49 U.S. foreign currency holdings
and U.S. short-term assets, net -165 36
50 U.S. private assets, net -285,474 -106,531
51 Direct investment -173,799 -44,567
52 Foreign securities -72,337 -26,619
53 U.S. claims on unaffiliated
foreigners reported by U.S.
nonbanking concerns -28,932 -11,207
54 U.S. claims reported by U.S.
banks, not included elsewhere -10,406 -24,138
55 Foreign-owned assets in the United
States, net (increase/financial
inflow ( )) 829,173 245,695
56 Foreign official assets in the
United States, net 248,573 48,986
57 U.S. Government securities 194,568 39,845
58 U.S. Treasury securities (9) 169,685 30,277
59 Other (10) 24,883 9,568
60 Other U.S. Government
liabilities (11) -564 -437
61 U.S. liabilities reported by
U.S. banks, not included
elsewhere 49,420 8,325
62 Other foreign official
assets (12) 5,149 1,253
63 Other foreign assets in the
United States, net 580,600 196,709
64 Direct investment 39,890 32,113
65 U.S. Treasury securities 113,432 8,974
66 U.S. securities other than U.S.
Treasury securities 250,981 56,723
67 U.S. currency 16,640 4,927
68 U.S. liabilities to
unaffiliated foreigners
reported by U.S. nonbanking
concerns 84,014 69,410
69 U.S. liabilities reported by
U.S. banks, not included
elsewhere 75,643 24,562
70 Statistical discrepancy (sum of
above items with sign reversed) -12,012 -15,919
70a Of which: Seasonal adjustment
discrepancy
Memoranda:
71 Balance on goods (lines 3 and 20) -547,552 -125,526
72 Balance on services (lines 4 and
21) 51,044 14,509
73 Balance on goads and services -496,508 -111,017
(lines 2 and 19)
74 Balance on income (lines 12 and 29) 33,279 5,021
75 Unilateral current transfers, net -67,439 -16,979
(line 35)
76 Balance on current account (lines 1,
18, and 35 or lines 73, 74, and
75) (13) -530,668 -122,975
Not seasonally adjusted
Line 2003 2004
II III IV I (r)
1 319,352 327,829 354,990 358,940
2 249,271 253,788 273,044 274,808
3 177,552 172,740 191,170 193,902
4 71,719 81,048 81,874 80,906
5 3,014 3,292 3,358 3,290
6 14,518 19,220 17,169 16,103
7 3,440 4,561 4,238 4,183
8 7,777 8,215 8,489 8,653
9 11,779 11,914 13,248 12,136
10 30,989 33,643 35,169 36,357
11 202 203 203 184
12 70,081 74,041 81,946 84,132
13 69,351 73,272 81,155 83,373
14 43,984 47,452 54,798 56,066
15 24,218 24,498 25,074 26,433
16 1,149 1,322 1,283 874
17 730 769 791 759
18 -438,545 -455,104 -465,755 -469,523
19 -374,464 -387,701 -399,429 -398,564
20 -310,988 -319,254 -333,246 -332,718
21 -63,476 -68,447 -66,183 -65,846
22 -6,229 -6,339 -6,817 -6,824
23 -14,286 -16,868 -13,230 -13,206
24 -5,347 -6,163 -4,949 -5,033
25 -11,242 -11,668 -11,610 -12,378
26 -4,726 -5,180 -5,663 -5,072
27 -20,897 -21,476 -23,157 -22,549
28 -749 -753 -757 -784
29 -64,081 -67,403 -66,326 -70,959
30 -62,078 -65,265 -64,009 -68,841
31 -17,541 -19,452 -16,585 -20,423
32 -26,785 -27,844 -29,099 -29,361
33 -17,752 -17,969 -18,325 -19,057
34 -2,003 -2,138 -2,317 -2,118
35 -16,001 -16,674 -17,785 -20,920
36 -5,832 -5,447 -4,753 -7,744
37 -1,208 -1,155 -1,941 -1,392
38 -8,961 -10,072 -11,091 -11,784
39 -1,552 -821 -300 -396
40 -114,630 -10,447 -51,942 -310,328
41 -170 -611 2,221 557
42
43 -102 -97 -97 -100
44 86 -383 2,435 815
45 -154 -131 -117 -158
46 310 483 -309 727
47 -1,591 -1,532 -1,728 -561
48 1,975 2,035 1,526 1,374
49 -74 -20 -107 -86
50 -114,770 -10,319 -53,854 -311,612
51 -37,717 -47,515 -44,000 -51,207
52 8,429 -28,312 -25,835 -16,524
53 -22,480 35,845 -31,090 -56,761
54 -63,002 29,663 47,071 -187,120
55 220,419 135,414 227,645 445,125
56 65,245 50,663 83,679 127,864
57 45,958 27,293 81,472 114,708
58 42,668 23,953 72,787 101,692
59 3,290 3,340 8,685 13,016
60 -16 -41 -70 -140
61 18,552 22,019 524 11,854
62 751 1,392 1,753 1,442
63 155,174 84,751 143,966 317,261
64 1,322 -1,598 8,053 10,002
65 53,254 46,490 4,714 65,438
66 92,407 18,090 83,761 62,064
67 1,458 2,768 7,487 -1,800
68 -2,257 12,721 4,140 40,723
69 8,990 6,280 35,811 140,834
70 30,957 19,803 -46,853 -2,898
70a
71 -133,436 -146,514 -142,076 -138,816
72 8,243 12,601 15,691 15,060
73 -125,193 -133,913 -126,385 -123,756
74 6,000 6,638 15,620 13,173
75 -16,001 -16,674 -17,785 -20,920
76 -135,194 -143,949 -128,550 -131,503
Not
season-
ally
adjusted Seasonally adjusted
Line 2004 2003
II (p) I II III
1 374,040 315,676 317,367 329,508
2 285,479 247,999 248,474 255,723
3 202,808 173,459 174,554 178,251
4 82,671 74,540 73,920 77,472
5 3,739 2,827 3,014 3,292
6 19,199 15,862 14,360 16,216
7 4,518 3,825 3,522 4,036
8 9,428 7,683 7,709 7,893
9 12,344 11,628 11,943 12,175
10 33,256 32,513 33,170 33,657
11 187 202 202 203
12 88,561 67,677 68,893 73,785
13 87,818 66,936 68,163 73,016
14 58,402 40,748 42,704 47,229
15 28,878 25,345 24,218 24,498
16 538 843 1,241 1,289
17 743 741 730 769
18 -523,904 -437,067 -434,873 -444,497
19 -438,616 -373,385 -371,854 -377,973
20 -364,846 -311,402 -310,087 -312,886
21 -73,770 -61,983 -61,767 -65,087
22 -6,930 -5,732 -6,229 -6,339
23 -17,989 -14,312 -12,790 -14,409
24 -6,310 -5,007 -4,875 -5,512
25 -13,154 -10,796 -11,109 -11,312
26 -5,282 -4,629 4,912 -5,204
27 -23,303 -20,762 -21,103 -21,558
28 -802 -745 -749 -753
29 -85,288 -63,682 -63,019 -66,524
30 -83,151 -61,557 -60,899 -64,402
31 -28,769 -15,415 -16,362 -18,589
32 -33,877 -28,146 -26,785 -27,844
33 -20,505 -17,996 -17,752 -17,969
34 -2,137 -2,125 -2,120 -2,122
35 -17,696 -16,815 -16,369 -16,639
36 -5,051 -5,833 -5,832 -5,447
37 -1,167 -1,320 -1,335 -1,334
38 -11,478 -9,662 -9,202 -9,858
39 -321 -006 -1,552 -821
40 -124,162 -102,665 -110,962 -8,138
41 1,122 83 -170 -611
42
43 -90 897 -102 -97
44 1,345 -644 86 -383
45 -133 -170 -154 -131
46 -41 53 310 483
47 -598 -2,428 -1,591 -1,532
48 572 2,445 1,975 2,035
49 -15 36 -74 -20
50 -125,243 -102,801 -111,102 -8,010
51 -66,450 -40,837 -34,049 -45,206
52 -30,316 -26,619 8,429 -28,312
53 2,403 -11,207 -22,480 35,845
54 -30,880 -24,138 -63,002 29,663
55 267,035 246,105 218,553 134,202
56 73,877 48,986 65,245 50,663
57 65,794 39,845 45,958 27,293
58 63,027 30,277 42,668 23,953
59 2,767 9,568 3,290 3,340
60 -158 -437 -16 -41
61 6,237 8,325 18,552 22,019
62 2,004 1,253 751 1,392
63 193,158 197,119 153,308 83,539
64 34,491 32,523 -544 -2,810
65 35,560 8,974 53,254 46,490
66 88,617 56,723 92,407 18,090
67 8,754 4,927 1,458 2,768
68 -5,191 69,410 -2,257 12,721
69 30,927 24,562 8,990 6,280
70 250,081 -4,828 27,836 6,385
70a 11,091 -3,121 -13,418
71 -162,038 -137,943 -135,533 -134,635
72 8,901 12,557 12,153 12,385
73 -153,137 -125,386 -123,380 -122,250
74 3,273 3,995 5,874 7,261
75 -17,696 -16,815 -16,369 -16,639
76 -167,560 -138,206 -133,875 -131,628
Seasonally adjusted
Line 2004
IV I (r) II (p)
1 352,336 359,604 371,177
2 268,306 276,076 284,294
3 186,858 193,920 199,315
4 81,448 82,156 84,979
5 3,358 3,290 3,739
6 18,071 17,878 18,932
7 4,310 4,527 4,690
8 85,481 9,060 9,374
9 12,481 12,472 12,508
10 34,477 34,745 35,549
11 203 184 187
12 84,030 83,528 86,883
13 83,239 82,769 86,140
14 56,843 55,553 56,642
15 25,074 26,433 28,878
16 1,322 783 620
17 791 759 743
18 -461,679 -486,042 -518,820
19 -393,800 -414,678 -434,580
20 -326,299 -344,688 -362,895
21 -67,501 -69,990 -71,685
22 -6,817 -6,824 -6,930
23 -15,102 -15,508 -16,170
24 -5,563 -5,574 -5,811
25 -11,551 -13,051 -12,965
26 -5,304 -5,223 -5,497
27 -22,407 -23,026 -23,510
28 -757 -784 -802
29 -67,879 -71,364 -84,240
30 -65,713 -69,205 -81,964
31 -18,289 -20,787 -27,582
32 -29,099 -29,361 -33,877
33 -18,325 -19,057 -20,505
34 -2,166 -2,159 -2,276
35 -17,617 -20,726 -18,534
36 -4,753 -7,744 -5,051
37 -1,352 -1,554 -1,564
38 -11,512 -11,428 -11,919
39 -300 -396 -321
40 -61,647 -306,729 -118,455
41 2,221 557 1,122
42
43 -97 -100 -90
44 2,435 815 1,345
45 -117 -158 -133
46 -309 727 -41
47 -1,728 -561 -598
48 1,526 1,374 572
49 -107 -86 -15
50 -63,559 -308,013 -119,536
51 -53,705 -47,608 -60,743
52 -25,835 -16,524 -30,316
53 -31,090 -56,761 2,403
54 47,071 -187,120 -30,880
55 230,311 445,348 265,246
56 83,679 127,864 73,877
57 81,472 114,708 65,794
58 72,787 101,692 63,027
59 8,685 13,016 2,767
60 -70 -140 -158
61 524 11,854 6,237
62 1,753 1,442 2,004
63 146,632 317,484 191,369
64 10,719 10,225 32,702
65 4,714 65,438 35,560
66 83,761 62,064 88,617
67 7,487 -1,800 8,754
68 4,140 40,723 -5,191
69 35,811 140,834 30,927
70 -41,404 8,941 19,707
70a 5,449 11,839 -5,301
71 -139,441 -150,768 -163,580
72 13,947 12,166 13,294
73 -125,494 -138,602 -150,286
74 16,151 12,164 2,643
75 -17,617 -20,726 -18,534
76 -126,960 -147,164 -166,177
(p) Preliminary.
(r) Revised.
See footnotes on page D-67.
Source: Table 1 in "U.S. International Transactions, Second Quarter
2004" in the October 2004 issue of the SURVEY OF CURRENT BUSINESS.
Table F.3. U.S. International Transactions, by Area
[Millions of dollars]
Europe
2003
Line (Credits ; debits -) (1) IV
Current account
1 Exports of goods and services and income receipts 113,324
2 Exports of goods and services 77,334
3 Goods, balance of payments basis (2) 44,626
4 Services (3) 32,708
5 Transfers under U.S. military agency sales
contracts (4) 1,027
6 Travel 6,077
7 Passenger fares 1,549
8 Other transportation 2,772
9 Royalties and license fees (5) 6,411
10 Other private services (5) 14,828
11 U.S. Government miscellaneous services 44
12 Income receipts 35,990
13 Income receipts on U.S.-owned assets abroad 35,893
14 Direct investment receipts 23,429
15 Other private receipts 12,226
16 U.S. Government receipts 238
17 Compensation of employees 97
18 Imports of goods and services and income payments -137,624
19 Imports of goods and services -104,436
20 Goods, balance of payments basis (2) -75,697
21 Services (3) -28,739
22 Direct defense expenditures -3,009
23 Travel -4,155
24 Passenger fares -2,350
25 Other transportation -4,354
26 Royalties and license fees (5) -3,202
27 Other private services (5) -11,360
28 U.S. Government miscellaneous services -309
29 Income payments -33,188
30 Income payments on foreign-owned assets in the
United States -33,063
31 Direct investment payments -10,518
32 Other private payments -17,446
33 U.S. Government payments -5,099
34 Compensation of employees 125
35 Unilateral current transfers, net -935
36 U.S. Government grants (4) -549
37 U.S. Government pensions and other transfers -469
38 Private remittances and other transfers (6) 83
Capital and financial account
Capital account
39 Capital account transactions, net -125
Financial account
40 U.S. owned assets abroad, net (increase/financial
outflow (-)) 7,665
41 U.S. official reserve assets, net -117
42 Gold (7)
43 Special drawing rights
44 Reserve Position in the International Monetary
Fund
45 Foreign currencies -117
46 U.S. Government assets, other than official
reserve assets, net 148
47 U.S. credits and other long-term assets -45
48 Repayments on U.S. credits and other long-term
assets (8) 250
49 U.S. foreign currency holdings and U.S.
short-term assets, net -57
50 U.S. private assets, net 7,634
51 Direct investment -31,451
52 Foreign securities 9,338
53 U.S. claims on unaffiliated foreigners reported
by U.S. nonbanking concerns -7,647
54 U.S. claims reported by U.S. banks, not
included elsewhere 37,394
55 Foreign-owned assets in the United States, net
(increase/financial inflow ( )) 37,336
56 Foreign official assets in the United States, net -7,144
57 U.S. Government securities (17)
58 U.S. Treasury securities (9) (17)
59 Other (10) (17)
60 Other U.S. Government liabilities (11) -348
61 U.S. liabilities reported by U.S. banks, not
included elsewhere (17)
62 Other foreign official assets (12) (17)
63 Other foreign assets in the United States, net 44,480
64 Direct investment -5,602
65 U.S. Treasury securities -6,121
66 U.S. securities other than U.S. Treasury
securities 40,080
67 U.S. currency
68 U.S. liabilities to unaffiliated foreigners
reported by U.S. nonbanking concerns 4,256
69 U.S. liabilities reported by U.S. banks, not
included elsewhere 11,867
70 Statistical discrepancy (sum of above items with
sign reversed) -19,641
Memoranda:
71 Balance on goods (lines 3 and 20) -31,071
72 Balance on services (lines 4 and 1) 3,969
73 Balance on goods and services (lines 2 and 19) -27,102
74 Balance on income (lines 12 and 29) 2,802
75 Unilateral current transfers, net (line 35) -935
76 Balance on current account (lines 1, 18, and 35 or
lines 73, 74, and 75) (13) -25,235
European
Europe Union (14)
2003 2004 2003
Line IV I (r) II (p) IV
1 113,324 114,985 120,613 98,095
2 77,334 77,251 80,898 67,250
3 44,626 46,358 47,807 38,916
4 32,708 30,893 33,091 28,334
5 1,027 1,066 984 814
6 6,077 5,158 6,787 5,336
7 1,549 1,374 1,720 1,470
8 2,772 2,882 3,258 2,393
9 6,411 5,850 5,942 5,468
10 14,828 14,526 14,361 12,821
11 44 37 39 32
12 35,990 37,734 39,715 30,845
13 35,893 37,638 39,617 30,774
14 23,429 24,299 25,166 19,541
15 12,226 12,953 14,249 11,027
16 238 386 202 206
17 97 96 98 71
18 -137,624 -137,722 -159,790 -119,954
19 -104,436 -102,423 -115,567 -90,317
20 -75,697 -74,766 -81,344 -65,880
21 -28,739 -27,657 -34,223 -24,437
22 -3,009 -2,963 -2,972 -2,609
23 -4,155 -3,868 7,809 -3,668
24 -2,350 -2,303 3,773 2,152
25 -4,354 -4,573 -5,079 -3,573
26 -3,202 -2,676 -2,886 -2,510
27 -11,360 -10,957 -11,388 -9,675
28 -309 -317 -316 -250
29 -33,188 -35,299 -44,223 -29,637
30 -33,063 -35,173 -44,117 -29,550
31 -10,518 -12,744 -18,715 -9,494
32 -17,446 -17,407 -20,154 -15,956
33 -5,099 -5,022 -5,248 -4,100
34 125 -126 -106 -87
35 -935 -733 -815 -381
36 -549 -612 -650
37 -469 -435 -422 -352
38 83 314 257 -29
39 -125 -144 -140 -50
40 7,665 -208,240 -79,185 -215
41 -117 -158 -132 -77
42
43
44
45 -117 -158 -132 -77
46 148 648 78 89
47 -45 -25 -23
48 250 685 116 109
49 -57 -12 -15 -20
50 7,634 -208,730 -79,131 -227
51 -31,451 -22,086 -38,300 -25,224
52 9,338 -17,101 -29,244 7,084
53 -7,647 -45,181 7,844 -8,072
54 37,394 124,362 -19,431 25,985
55 37,336 189,622 67,463 26,907
56 -7,144 4,549 23,489 (18)
57 (17) (17) (17) (18)
58 (17) (17) (17) (18)
59 (17) (17) (17) (18)
60 -348 -80 104 -429
61 (17) (17) (17) (18)
62 (17) (17) (17) (18)
63 44,480 185,073 43,974 (18)
64 -5,602 153 8,150 6,443
65 -6,121 45,944 -557 (18)
66 40,080 13,310 35,989 33,709
67
68 4,256 35,489 -16,375 2,605
69 11,867 90,177 17 (18) -15,421
70 -19,641 42,232 51,854 4,402
71 -31,071 -28,408 -33,537 -26,964
72 3,969 3 1,132 3,897
73 -27,102 -25,172 -34,669 -23,067
74 2,802 2,435 -4,508 1,208
75 -935 -733 -815 -381
76 -25,235 -23,470 -39,992 -22,240
European Union (14) United Kingdom
2004 2003 2004
Line I (r) II (p) IV I (r)
1 98,826 105,432 26,725 27,393
2 67,198 71,167 17,810 17,823
3 40,830 42,229 8,170 8,898
4 26,368 28,938 9,640 8,925
5 790 717 94 92
6 4,510 6,131 2,418 1,989
7 1,307 1,638 752 653
8 2,489 2,850 630 626
9 4,949 5,078 1,138 983
10 12,299 12,496 4,604 4,578
11 24 28 4 4
12 31,628 34,265 8,915 9,570
13 31,559 34,187 8,892 9,547
14 19,671 21,109 3,876 4,161
15 11,679 12,933 4,936 5,386
16 209 145 80
17 69 78 23 23
18 -118,021 -139,524 -35,646 -34,637
19 -879,621 -100,251 -19,521 -18,866
20 -64,341 -70,658 -11,397 -10,889
21 -23,621 -29,593 -8,124 -7,977
22 -2,611 -2,632 -222 -282
23 -3,461 -6,759 -1,274 -1,213
24 2,126 3,526 -899 -859
25 -3,775 -4,447 -853 -855
26 -2,009 -2,213 -464 -407
27 -9,381 -9,758 -4,394 -4,343
28 -258 -258 -18 -18
29 -30,059 -39,273 -16,125 -15,771
30 -29,971 -39,188 -16,104 -15,750
31 -10,183 -16,494 -5,289 -4,976
32 -15,800 -18,404 -9,949 -9,764
33 -3,988 -4,290 -866 -1,010
34 -88 -85 -21 -21
35 -66 -179 236 447
36 -50 -55
37 -357 -363 -61 -62
38 341 239 297 509
39 -60 -71 -8 -9
40 -172,034 -81,597 3,431 -101,487
41 -118 -91
42
43
44
45 -118 -91
46 328 18 58 -4
47
48 335 33 68
49 -7 -15 -10 -4
50 -172,244 -81,524 3,373 -101,483
51 -19,638 -36,032 -7 -260
52 -17,502 -28,756 1,384 -14,089
53 -45,296 10,502 -8,807 -31,853
54 -89,808 -27,238 17,906 -55,281
55 155,563 33,164 6,398 141,464
56 (18) (18) (18) (18)
57 (18) (18) (18) (18)
58 (18) (18) (18) (18)
59 (18) (18) (18) (18)
60 -331 -291 -12 -91
61 (18) (18) (18) (18)
62 (18) (18) (18) (18)
63 (18) (18) (18) (18)
64 -3,768 6,627 -4,898 48
65 (18) (18) (18) (18)
66 8,867 32,361 25,260 9,281
67
68 37,221 -23,521 -8,097 35,995
69 (18) 113,574 (18) 17,988 (18) -5,855 (18) 96,231
70 35,792 82,775 -1,136 -33,171
71 -23,511 -28,429 -3,227 -1,991
72 2,747 -655 1,516 948
73 -20,764 -29,084 -1,711 -1,043
74 1,569 -5,008 -7,210 -6,201
75 -66 -179 236 447
76 -19,261 -34,271 -8,685 -6,797
United
Kingdom Canada
2004 2003 2004
Line II (p) IV I (r) II (p)
1 29,732 57,789 59,564 64,166
2 18,781 50,916 52,775 56,469
3 8,811 44,071 45,016 48,787
4 9,970 6,845 7,759 7,682
5 113 48 60 30
6 2,782 1,547 2,288 2,300
7 830 512 713 687
8 708 669 679 756
9 994 936 j 868 863
10 4,536 3,112 3,131 3,024
11 7 21 20 22
12 10,951 6,873 6,789 7,697
13 10,928 6,847 6,761 7,671
14 4,872 5,085 5,040 5,735
15 6,056 1,762 1,721 1,936
16
17 23 26 28 26
18 -40,539 -65,368 -68,073 -75,269
19 -21,359 -62,376 -65,093 -71,654
20 -11,963 -57,829 -60,998 -66,377
21 -9,396 -4,547 -4,095 -5,277
22 -280 -33 -26 -25
23 -1,845 -1,168 -1,040 -1,770
24 -1,474 -112 -75 -127
25 -932 -909 -993 -1,053
26 -459 -239 -192 -217
27 -4,387 -2,041 -1,722 -2,013
28 -19 -45 -47 -72
29 -19,180 -2,992 -2,980 -3,615
30 -19,161 -2,898 -2,884 -3,526
31 -6,493 -1,333 -1,264 -1,754
32 -11,424 -1,233 -1,255 -1,368
33 -1,244 -332 -365 -404
34 -19 -94 -96 -89
35 363 -52 -128 -95
36
37 -59 -139 -141 -160
38 422 87 13 65
39 -8 25 19 26
40 -46,031 -1,049 -7,194 -18,328
41
42
43
44
45
46 -7
47
48
49 -7
50 -46,024 -1,049 -7,194 -18,328
51 -17,836 1,608 -5,747 -4,750
52 -27,047 -1,168 1,385 -12,582
53 11,066 -971 -1,801 653
54 -12,207 -518 -1,031 -1,649
55 8,211 14,265 11,182 15,258
56 (18) -365 892 -113
57 (18) (17) (17) (17)
58 (18) (17) (17) (17)
59 (18) (17) (17) (17)
60 -109 4 -31 24
61 (18) (17) (17) (17)
62 (18) (17) (17) (17)
63 (18) 14,630 10,290 15,371
64 -1,707 6,495 -726 17,083
65 (18) (17) (17) (17)
66 23,849 9,061 6,220 -1,911
67
68 -19,302 (17) (17) (17)
69 (18) 5,480 -96 -4,148 2,257
70 48,272 9,610 4,630 14,242
71 -3,152 -13,758 -15,982 -17,590
72 574 2,298 3,664 2,405
73 -2,578 -11,460 -12,318 -15,185
74 -8,229 3,881 3,809 4,082
75 363 -52 -128 -95
76 -10,444 -7,631 -8,637 -11,198
Latin America and Other
Western Hemisphere Mexico (15)
2003 2004 2003
Line IV I (r) II (p) IV
1 69,910 68,161 72,207
2 55,126 53,793 57,145
3 40,258 40,531 42,606
4 14,868 13,262 14,539
5 99 114 118
6 4,729 3,820 4,962
7 1,134 1,046 1,261
8 958 959 1,045
9 1,122 860 913
10 6,782 6,418 6,197
11 44 45 43
12 14,784 14,368 15,062
13 14,733 14,316 15,010
14 8,873 8,412 8,486
15 5,748 5,860 6,447
16 112 44 77
17 51 52 52
18 -78,882 -81,576 -89,702
19 -69,757 -71,353 -77,703
20 -57,106 -58,128 -63,513
21 -12,651 -13,225 -14,190
22 -72 -56 -93
23 -4,468 -4,754 -5,626
24 -685 -649 -788
25 -903 -1,069 -1,102
26 -303 -287 -366
27 -6,084 -6,268 -6,077
28 -136 -142 -138
29 -9,125 -10,223 -11,999
30 -7,297 -8,597 -10,240
31 569 -601 -909
32 -6,055 -6,196 -7,203
33 -1,811 -1,800 -2,128
34 -1,828 -1,626 -1,759
35 -6,960 -7,337 -7,531
36 -526 -521 -532
37 -258 -221 -197
38 -6,176 -6,595 -6,802
39 -4 -15 -11
40 -2,533 -62,127 -25,401
41
42
43
44
45
46 84 99 48
47 -61 -36 -29
48 177 147 77
49 32 12
50 -2,617 -62,226 -25,449
51 -1,520 -9,623 -5,902
52 2,021 6,968 1,801
53 -19,382 -7,634 -9,393
54 16,264 -51,937 -11,955
55 52,530 96,987 90,755
56 437 4,448 8,026
57 (17) (17) (17)
58 (17) (17) (17)
59 (17) (17) (17)
60 20 44 301
61 (17) (17) (17)
62 (17) (17) (17)
63 52,093 92,539 82,729
64 -1,198 3,144 1,969
65 (17) (17) (17)
66 21,756 23,495 11,544
67
68 (17) (17) (17)
69 261,021 54,180 24,845
70 -34,061 -14,093 -40,317
71 -16,848 -17,597 -20,907
72 2,217 37 349
73 -14,631 -17,560 -20,558
74 5,659 4,145 3,063
75 -6,960 -7,337 -7,531
76 -15,932 -20,752 -25,026
Mexico (15) Japan
2004 2003 2004
Line I (r) II (p) IV I (r)
1 32,630 34,866 25,538 25,641
2 30,071 32,031 21,209 21,036
3 25,849 27,539 12,925 12,708
4 4,222 4,492 8,284 8,328
5 1 4 99 111
6 1,470 1,569 2,220 2,171
7 324 324 701 706
8 233 253 848 884
9 273 297 1,804 1,714
10 1,916 2,040 2,586 2,726
11 5 5 26 16
12 2,559 2,835 4,329 4,605
13 2,552 2,828 4,311 4,587
14 2,072 2,309 2,778 2,824
15 476 515 1,532 1,763
16 4 4 1
17 7 7 18 18
18 -42,047 -45,168 -46,011 -46,663
19 -39,960 -42,896 -364,041 -36,385
20 -36,636 -39,742 -31,215 -31,141
21 -3,324 -3,154 -5,189 -5,244
22 -4 -5 -430 -453
23 -2,263 -2,040 -604 -542
24 -212 -205 -262 -275
25 -242 -243 -1,271 -1,320
26 -23 -32 -1,532 -1,580
27 -525 -577 -1,041 -1,024
28 -55 -52 -49 -50
29 -2,087 -2,272 -9,607 -10,278
30 -504 -549 -9,579 -10,250
31 -29 14 -2,660 -2,634
32 -188 -229 -1,516 -1,555
33 -287 -334 -5,403 -6,061
34 -1,583 -1,723 -28 -28
35 -1,825 -1,929 -4 -105
36 -8 -7
37 -37 -37
38 -1,817 -1,922 33 -68
39 -4 -4 6 6
40 991 1,003 -25,465 -5,234
41
42
43
44
45
46 8 9 -10
47 -2 -2
48 10 11
49
50 983 994 -25,455 -5,234
51 -2,669 -2,256 -1,272 560
52 2,790 2,210 -20,154 -13,441
53 148 -6 -679 792
54 714 1,046 -3,350 6,855
55 4,180 8,453 54,479 105,026
56 (18) (18) (18) (18)
57 (18) (18) (18) (18)
58 (18) (18) (18) (18)
59 (18) (18) (18) (18)
60 -1 -4 -161 -103
61 (18) (18) (18) (18)
62 (18) (18) (18) (18)
63 (18) (18) (18) (18)
64 418 231 3,187 2,739
65 (18) (18) (18) (18)
66 750 615 4,636 4,643
67
68 111 19 -44 1,257
69 (18) 2,902 (18) 7,592 (18) 46,861 (18) 96,490
70 6,075 2,779 -8,543 -78,671
71 -10,787 -12,203 -18,290 -18,433
72 898 1,338 3,095 3,084
73 -9,889 -10,865 -15,195 -15,349
74 472 563 5,278 5,673
75 -18,251 -1,929 -4 -105
76 -11,242 -12,231 -20,477 -21,127
Japan Australia
2004 2003 2004
Line II (p) IV I (r) II (p)
1 25,600 6,507 6,485 6,893
2 20,945 4,775 4,728 4,968
3 13,329 3,208 3,134 3,327
4 7,616 1,567 15,941 1,641
5 118 35 53 35
6 1,664 400 435 483
7 558 89 97 91
8 992 86 82 93
9 1,738 271 234 258
10 2,530 684 691 678
11 16 2 2 3
12 4,655 1,732 1,757 1,925
13 4,637 1,725 1,750 1,918
14 2,790 1,277 1,265 1,397
15 1,847 448 485 521
16
17 18 7 7 7
18 -49,817 -2,915 -3,392 -3,513
19 -37,449 -2,587 -2,616 -2,702
20 -32,029 1,684 1,669 -1,751
21 -5,420 -903 -947 -951
22 -450 -44 -47 -45
23 -670 -256 -295 -323
24 -254 -166 -199 -170
25 -1,437 -51 -62 -62
26 -1,473 -37 -32 -19
27 -1,086 -340 -295 -315
28 -50 -9 -17 -17
29 -12,368 -328 -776 -811
30 -12,349 -324 -772 -808
31 -3,849 81 -359 -372
32 -1,869 -279 -286 -331
33 -6,631 -126 -127 -105
34 -19 -4 -4 -3
35 -10 -21 -52 -57
36
37 -27 -15 -15 -16
38 17 -6 -37 -41
39 6 -7 -7 -7
40 -15,404 -73,041 -4,858 4,225
41 -1
42
43
44
45 -1
46 -1
47
48
49 -1
50 -15,403 -7,303 -4,858 4,225
51 -4,273 -1,115 -828 -294
52 2,723 -2,948 -206 -1,259
53 -642 -3,079 -2,266 3,977
54 -13,211 -161 -1,558 1,801
55 61,760 9,632 -3,465 1,230
56 (18) (18) (18) (18)
57 (18) (18) (18) (18)
58 (18) (18) (18) (18)
59 (18) (18) (18) (18)
60 -86 2 -16 42
61 (18) (18) (18) (18)
62 (18) (18) (18) (18)
63 (18) (18) (18) (18)
64 4,553 2,716 197 816
65 (18) (18) (18) (18)
66 21,494 1,036 1,101 600
67
68 -547 846 -478 -362
69 (18) 36,346 (18) 5,032 (18) -4,269 (18) 134
70 -22,135 -5,892 5,289 -8,771
71 -18,700 1,524 1,465 1,576
72 2,196 664 647 690
73 -16,504 2,188 2,112 2,266
74 -7,713 1,404 981 1,114
75 -10 -21 -52 -57
76 -24,227 3,571 3,041 3,323
Inter-
national
organiza-
tions and
unalloca-
Other countries in Asia and Africa ted (16)
2003 2004 2003
Line IV I (r) II (p) IV
1 72,028 74,056 74,137 9,894
2 62,143 63,704 63,338 1,541
3 46,082 46,155 46,952
4 16,061 17,549 16,386 1,541
5 2,050 1,886 2,454
6 2,196 22,311 3,003
7 253 247 201
8 2,978 29,751 2,982 178
9 2,012 1,973 1,981 692
10 6,506 8,173 5,701 671
11 66 64 64
12 9,885 103,521 10,799 8,353
13 9,782 10,247 10,695 7,864
14 7,737 8,554 9,127 5,619
15 1,210 1,349 1,399 2,148
16 835 344 169 97
17 103 105 104 489
18 -130,622 -127,459 -140,849 -4,333
19 -122,970 -119,565 -132,163 -899
20 -109,715 -106,016 -119,832
21 -13,255 -13,549 -12,331 -899
22 -3,229 -3,279 -3,345
23 -2,579 -2,707 -1,791
24 -1,374 -1,532 -1,198
25 -3,520 -3,502 -3,326 -602
26 -83 -64 -68 -267
27 -2,262 -2,255 -2,395 -29
28 -208 -210 -208 -1
29 -7,652 -7,894 -8,686 -3,434
30 -7,414 -7,656 -8,525 -3,434
31 -144 -210 -528 -2,580
32 -1,747 -1,793 -2,038 -823
33 -5,523 -5,653 -5,959 -31
34 -238 -238 -161
35 -7,350 -10,706 -7,331 -2,463
36 -3,369 -6,526 -3,649 -309
37 -139 -140 -142 -884
38 -3,842 4,040 -3,540 -1,270
39 -195 -255 -195
40 -20,735 -16,109 11,602 -2,521
41 2,338
42
43 -97
44 2,435
45
46 -285 227 79 -245
47 -1,377 -253 -300 -245
48 1,099 542 379
49 -7 -62
50 -20,450 -16,336 11,523 -4,614
51 -4,631 -7,811 -7,230 -5,619
52 -12,452 5,965 8,356 -472
53 666 -670 -36 2
54 -4,033 -13,820 10,433 1,475
55 54,191 44,775 21,220 5,212
56 (18) (18) (18)
57 (18) (18) (18)
58 (18) (18) (18)
59 (18) (18) (18)
60 398 44 -545 15
61 (18) (18) (18)
62 (18) (18) (18)
63 (18) (18) (18) 5,197
64 -125 1,884 -722 2,580
65 (18) (18) (18) (18)
66 7,064 13,009 20,361 128
67 7,487
68 -404 2,156 -265
69 (18) 47,258 (18) 27,682 (18) 2,391 (18) -4,998
70 32,683 35,698 41,416 -5,789
71 -63,633 -59,861 -72,880
72 2,806 4,000 4,055 642
73 -60,827 -55,861 -68,825 642
74 2,233 2,458 2,113 4,919
75 -7,350 -10,706 -7,331 -2,463
76 -65,944 -64,109 -74,043 3,098
International
organizations and
unallocated (16)
2004
Line I (r) II (p)
1 10,048 10,424
2 1,521 1,716
3
4 1,521 1,716
5
6
7
8 192 302
9 637 649
10 692 765
11
12 8,527 8,708
13 8,074 8,270
14 5,672 5,701
15 2,302 2,479
16 100 90
17 453 438
18 -1,638 -4,964
19 -1,129 -1,378
20
21 -1,129 -1,378
22
23
24
25 -859 -1,095
26 -241 -253
27 -28 -29
28 -1 -1
29 -3,509 -3,586
30 -3,509 -3,586
31 -2,611 -2,642
32 -869 -914
33 -29 -30
34
35 -1,859 -1,857
36 -85 -220
37 -403 -203
38 -1,371 -1,434
39
40 -6,566 -1,671
41 715 1,255
42
43 -100 -90
44 815 1,345
45
46 -247 -246
47 -247 -246
48
49
50 -7,034 -2,680
51 -5,672 -5,701
52 -94 -111
53 -1
54 -1,267 3,132
55 998 9,349
56
57
58
59
60 2 2
61
62
63 996 9,347
64 2,611 2,642
65 (18) (18)
66 286 540
67 -1,800 8,754
68
69 (18) -101 (18) -2,589
70 2,017 -11,281
71
72 392 338
73 392 338
74 5,018 5,122
75 -1,859 -1,857
76 3,551 3,603
(p) Preliminary.
(r) Revised.
(1.) Credits, : Exports of goods and services and income receipts;
unilateral current transfers to the United States; capital account
transactions receipts; financial inflows--increase in foreign-owned
assets (U.S. liabilities) or decrease in U.S.-owned assets (U.S.
claims).
Debits, -: Imports of goods and services and income payments;
unilateral current transfers to foreigners; capital accounts
transactions payments; financial outflows--decrease in foreign-owned
assets (U.S. liabilities) or increase in U.S.-owned assets (U.S.
claims).
(2.) Excludes exports of goods under U.S. military agency sales
contracts identified in Census export documents, excludes imports of
goods under direct defense expenditures identified in Census import
documents, and reflects various other adjustments (for valuation,
coverage, and timing) of Census statistics to balance of payments
basis; see table 2 in "U.S. International Transactions, First Quarter
2003" in the July 2003 issue of the SURVEY OF CURRENT BUSINESS.
(3.) Includes some goods: Mainly military equipment in line 5; major
equipment, other materials, supplies, and petrolem products purchased
abroad by U.S. military agencies in line 22; and fuels purchased by
airline and steamship operators in lines 8 and 25.
(4.) Includes transfers of goods and services under U.S. military grand
programs.
(5.) Beginning in 1982, these lines are presented on a gross basis. The
definition of exports is revised to exclude U.S. parents' payments to
foreign affiliates and to include U.S. affiliates' receipts from
foreign parents. The definition of imports is revised to include U.S.
parents' payments to foreign affiliates and to exclude U.S. affiliates'
receipts from foregn parents.
(6.) Beginning in 1982, the "other transfers" component includes taxes
paid by U.S. private residents to foreign governments and taxes paid by
private nonresidents to the U.S. Government.
(7.) At the present time, all U.S. Treasury-owned gold is held in the
United States.
(8.) Includes sales of foreign obligations to foreigners.
(9.) Consists of bills, certificates, marketable bonds and notes, and
nonmarketable convertible and nonconvertible bonds and notes.
(10.) Consists of U.S. Treasury and Export-Import Bank obligations, not
included elsewhere, and of debt securities of U.S. Government
corporations and agencies.
(11.) Includes, primary U.S. Government liabilities associated with
military agency sales contracts and other transactions arranged with or
through foreign official agencies; see table 4 in "U.S. International
Transactions, First Quarter 2003" in the July 2003 issue of the SURVEY.
(12.) Consists of investments in U.S. corporate stocks and in debt
securities of private corporations and State and local governments.
(13.) Conceptually, line 76 is equal to "net foreign investment" in the
national income and product accounts (NIPA's). However, the foreign
transactions account in the NIPA's (a) includes adjustments to the
international transactions accounts for the treatment of gold, (b)
includes adjustments for the different geographical treatment of
transactions with U.S. territories and Puerto Rico, and (c) includes
services furnished without payment by financial pension plans except
life insurance carriers and private noninsured pension plans. A
reconciliation of the balance on goods and services from the
international accounts and the NIPA net exports appears in
reconciliation table 2 in appendix A in this issue of the SURVEY. A
reconciliation of the other foreign transactions in the two sets of
accounts appears in table 4.5 of the full set of NIPA tables.
Additional footnote to Table F.3:
(14.) The "European Union" includes the "European Union (6)," United
Kingdom, Denmark, Ireland, Greece, Spain, and Portugal. Beginning with
the first quarter of 1995, the "European Union" also includes Austria,
Finland, and Sweden .
(15.) The "European Union (6)" includes Belgium, France, Germany
(includes the former German Democratic Republic (East Germany)
beginning in the fourth quarter of 1990), Italy, Luxembourg,
Netherlands, European Atomic Energy Community European Coal and Steel
Community, and European Investment Bank.
(16.) Includes, as part of international and unallocated, the estimated
direct investment in foreign affiliates engaged in international
shipping, in operating oil and gas drilling equipment internationally,
and in petroleum trading. Also includes taxes withheld; current-cost
adjustments associated with U.S. and foreign direct investment; before
1996, small transactions in business services that are not reported by
country; and net U.S. currency flows, for which geographic source data
are not available.
(17.) Details are not shown separately; see totals in lines 56 and 63.
(18.) Details not shown separately are included in line 69.
Source: Table 11 in "U.S. International Transactions, Second Quarter
2004" in the October 2004 issue of the SURVEY OF CURRENT BUSINESS.
F.4. Private Services Transactions
[Millions of dollars]
Line 2003
1 Exports of private services 294,080
2 Travel (table F.2, line 6) 64,509
3 Passenger fares (table F.2, line 7) 15,693
4 Other transportation (table F.2, line 8) 31,833
5 Freight 14,099
6 Port services 17,734
7 Royalties and license fees (table F.2, line 9) 48,227
8 Affiliated 35,924
9 U.S. parents' receipts 32,500
10 U.S. affiliates' receipts 3,424
11 Unaffiliated 12,303
12 Industrial processes (1) 4,775
13 Other (2) 7,528
14 Other private services (table F.2, line 10) 133,818
15 Affiliated services 48,450
16 U.S. parents' receipts 27,674
17 U.S. affiliates' receipts 20,776
18 Unaffiliated services 85,368
19 Education 13,399
20 Financial services 17,637
21 Insurance services 4,877
22 Telecommunications 5,477
23 Business, professional, and technical
services 29,084
24 Other unaffiliated services (3) 14,894
25 Imports of private services 228,216
26 Travel (table F.2, line 23) 56,613
27 Passenger fares (table F.2, line 24) 20,957
28 Other transportation (table F.2, line 25) 44,768
29 Freight 31,775
30 Port services 12,995
31 Royalties and license fees (table F.2, line 26) 20,049
32 Affiliated 16,407
33 U.S. parents' payments 2,658
34 U.S. affiliates' payments 13,749
35 Unaffiliated 3,642
36 Industrial processes (1) 2,188
37 Other (2) 1,453
38 Other private services (table F.2, line 27) 85,829
39 Affiliated services 35,497
40 U.S. parents' payments 18,606
41 U.S. affiliates' payments 16,891
42 Unaffiliated services 50,332
43 Education 2,696
44 Financial services 4,236
45 Insurance services 26,702
46 Telecommunications 4,799
47 Business, professional, and technical
services 10,960
48 Other unaffiliated services (3) 938
Supplemental detail on insurance transactions:
49 Premiums received (4) 13,139
50 Actual losses paid (4) 8,548
51 Premiums paid (4) 57,561
52 Actual losses recovered 34,787
Memoranda:
53 Balance on goods (table F.2, line 71) -547,552
54 Balance on private services (line 1 minus line 25) 65,864
55 Balance on goods and private services (lines 53 and
54) -481,688
Not seasonally adjusted
Line I II III IV
1 69,711 68,503 77,553 78,313
2 13,602 14,518 19,220 17,169
3 3,454 3,440 4,561 4,238
4 7,352 7,777 8,215 8,489
5 3,261 3,611 3,454 3,773
6 4,091 4,166 4,761 4,716
7 11,286 11,779 11,914 13,248
8 8,278 8,721 8,813 10,112
9 7,540 8,007 7,923 9,030
10 738 714 890 1,082
11 3,008 3,058 3,101 3,136
12 1,120 1,179 1,225 1,251
13 1,887 1,879 1,877 1,885
14 34,017 30,989 33,643 35,169
15 11,084 11,547 11,797 14,022
16 6,368 6,743 6,634 7,929
17 4,716 4,804 5,163 6,093
18 22,933 19,442 21,846 21,147
19 5,464 1,669 3,672 2,595
20 4,282 4,289 4,450 4,616
21 1,194 1,210 1,224 1,249
22 1,328 1,354 1,382 1,414
23 7,059 7,269 7,316 7,440
24 3,606 3,651 3,803 3,834
25 51,754 56,498 61,355 58,609
26 12,229 14,286 16,868 13,230
27 4,498 5,347 6,163 4,949
28 10,248 11,242 11,668 11,610
29 6,971 8,112 8,384 8,307
30 3,277 3,130 3,284 3,303
31 4,480 4,726 5,180 5,663
32 3,592 3,825 4,263 4,727
33 637 651 669 701
34 2,955 3,174 3,594 4,026
35 888 901 917 936
36 535 543 551 560
37 354 358 366 376
38 20,299 20,897 21,476 23,157
39 8,460 8,538 8,423 10,076
40 4,086 4,517 4,649 5,354
41 4,374 4,021 3,774 4,722
42 11,839 12,359 13,053 13,081
43 516 676 887 6,181
44 1,029 997 1,103 1,107
45 6,307 6,569 6,807 7,021
46 1,183 1,196 1,207 1,214
47 2,585 2,691 2,810 2,875
48 220 231 240 247
49 3,247 3,259 3,286 3,347
50 2,083 2,120 2,157 2,188
51 13,511 14,149 14,714 15,187
52 8,538 8,655 8,751 8,843
53 -125,526 -133,436 -146,514 -142,076
54 17,957 12,005 16,198 19,704
55 -107,569 -121,431 -130,316 -122,372
Not seasonally
adjusted Seasonally adjusted
Line I (r) II (p) I II
1 77,432 78,745 71,511 70,704
2 16,103 19,199 15,862 14,360
3 4,183 4,518 3,825 3,522
4 8,653 9,428 7,683 7,709
5 3,940 4,055 3,324 3,587
6 4,713 5,373 4,359 4,122
7 12,136 12,344 11,628 11,943
8 8,979 9,165 8,620 8,885
9 8,378 8,448 7,777 8,041
10 601 717 843 844
11 3,157 3,179 3,008 3,058
12 1,255 1,254 1,120 1,179
13 1,901 1,925 1,887 1,879
14 36,357 33,256 32,513 33,170
15 11,644 12,098 11,691 12,031
16 6,806 6,919 6,644 6,847
17 4,838 5,179 5,047 5,184
18 24,713 21,158 20,822 21,139
19 5,798 1,752 3,286 3,331
20 4,828 4,877 4,282 4,289
21 1,267 1,302 1,194 1,210
22 1,433 1,455 1,328 1,354
23 7,638 7,849 7,059 7,269
24 3,748 3,923 3,672 3,686
25 58,238 66,038 55,506 54,789
26 13,206 17,989 14,312 12,790
27 5,033 6,310 5,007 4,875
28 12,378 13,154 10,796 11,109
29 8,925 9,502 7,369 8,023
30 3,453 3,652 3,427 3,086
31 5,072 5,282 4,629 4,912
32 4,126 4,326 3,741 4,011
33 666 692 637 651
34 3,460 3,634 3,104 3,360
35 946 956 888 901
36 570 580 535 543
37 376 376 354 358
38 22,549 23,303 20,762 21,103
39 9,092 9,431 8,782 8,748
40 4,897 5,279 4,439 4,615
41 4,195 4,152 4,343 4,133
42 13,457 13,872 11,980 12,355
43 550 721 657 671
44 1,261 1,243 1,029 997
45 7,229 7,412 6,307 6,569
46 1,221 1,236 1,183 1,196
47 2,951 3,014 2,585 2,691
48 246 246 220 231
49 3,447 3,568 3,247 3,259
50 2,213 2,235 2,083 2,120
51 15,571 15,904 13,511 141,491
52 8,959 9,070 8,538 8,655
53 -138,816 -162,038 -137,943 -135,533
54 19,194 12,707 16,005 15,915
55 -119,622 -149,331 -121,938 -119,618
Seasonally adjusted
Line III IV I (r) II (p)
1 73,977 77,887 78,682 81,053
2 16,216 18,071 17,878 18,932
3 4,036 4,310 4,527 4,690
4 7,893 8,548 9,060 9,374
5 3,465 3,723 4,011 4,028
6 4,428 4,825 5,049 5,346
7 12,175 12,481 12,472 12,508
8 9,074 9,345 9,315 9,329
9 8,167 8,516 8,627 8,482
10 907 829 688 847
11 3,101 3,136 3,157 3,179
12 1,225 1,251 1,255 1,254
13 1,877 1,885 1,901 1,925
14 33,657 34,477 34,745 35,549
15 12,154 12,574 12,280 12,572
16 6,890 7,293 7,098 7,012
17 5,264 5,281 5,182 5,560
18 21,503 21,903 22,465 22,977
19 3,390 3,392 3,488 3,526
20 4,450 4,616 4,828 4,877
21 1,224 1,249 1,267 1,302
22 1,382 1,414 1,433 1,455
23 7,316 7,440 7,638 7,849
24 3,742 3,793 3,809 3,969
25 57,995 59,927 62,382 63,953
26 14,409 15,102 15,508 16,170
27 5,512 5,563 5,574 5,811
28 11,312 11,551 13,051 12,965
29 8,155 8,228 9,434 9,366
30 3,158 3,324 3,617 3,599
31 5,204 5,304 5,223 5,497
32 4,287 4,368 4,277 4,541
33 669 701 666 692
34 3,618 3,667 3,611 3,849
35 917 936 946 956
36 551 560 570 580
37 366 376 376 376
38 21,558 22,407 23,026 23,510
39 8,709 9,258 9,419 9,644
40 4,674 4,878 5,279 5,365
41 4,035 4,380 4,140 4,279
42 12,849 13,149 13,607 13,866
43 682 686 700 714
44 1,103 1,107 1,261 1,243
45 6,807 7,021 7,229 7,412
46 1,207 1,214 1,221 1,236
47 2,810 2,875 2,951 3,014
48 240 247 2,461 246
49 3,286 3,347 3,447 3,568
50 2,157 2,188 2,213 2,235
51 14,714 15,187 15,571 15,904
52 8,751 8,843 8,959 9,070
53 -134,635 -139,441 -150,768 -163,580
54 15,982 17,960 16,300 17,100
55 -118,653 -121,481 -134,468 -146,480
(p) Preliminary.
(r) Revised.
(1.) Includes royalties, license fees, and other fees associated with
the use of intangible assets, including patents, trade secrets, and
other proprietary rights, that are used in connection with the
production of goods.
(2.) Includes royalties, license fees, and other fees associated with
the use of copyrights, trademarks, franchises, rights to broadcast
live events, software licensing fees, and other intangible property
rights.
(3.) Other unaffiliated services receipts (exports) include mainly
expenditures of foreign governments and International organizations in
the United States and film and television tape rentals. Payments
(imports) include mainly expenditures of U.S. residents temporarily
working abroad and film and television tape rentals.
(4.) These reflect the amount of premiums explicitly changed by, or
paid to, insurers and reinsurers.
Source: Table 3 in "U.S. International Transactions, Second Quarter
2004" in the October 2004 issue of the SURVEY OF CURRENT BUSINESS.
G. Investment Tables
Table G.1. International Investment Position of the United States at
Yearend, 2002 and 2003
[Millions of dollars]
Position,
Line Type of investment 2002 (r)
Net international investment position of the
United States:
1 With direct investment positions at current
cost (line 3 less line 24) -2,233,018
2 With direct investment positions at market
value (line 4 less line 25) -2,553,407
U.S.-owned assets abroad:
3 With direct investment at current cost (lines
5 10 15) 6,413,535
4 With direct investment at market value (lines
5 10 16) 6,613,320
5 U.S. official reserve assets 158,602
6 Gold 90,806
7 Special drawing rights 12,166
8 Reserve position in the International
Monetary Fund 21,979
9 Foreign currencies 33,651
10 U.S. Government assets, other than official
reserve assets 85,309
11 U.S. credits and other long-term assets (5) 82,682
12 Repayable in dollars 82,406
13 Other (6) 276
14 U.S. foreign currency holdings and U.S.
short-term assets 2,627
U.S. private assets:
15 With direct investment at current cost
(lines 17 19 22 23) 6,169,624
16 With direct investment at market value
(lines 18 19 22 23) 6,369,409
Direct investment abroad:
17 At current cost 1,839,995
18 At market value 2,039,780
19 Foreign securities 1,846,879
20 Bonds 501,762
21 Corporate stocks 1,345,117
22 U.S. claims on unaffiliated foreigners
reported by U.S. nonbanking concerns 908,024
23 U.S. claims reported by U.S. banks, not
included elsewhere 1,574,726
Foreign-owned assets in the United States:
24 With direct investment at current cost (lines
26 33) 8,646,553
25 With direct investment at market value (lines
26 34) 9,166,727
26 Foreign official assets in the United States 1,212,723
27 U.S. Government securities 954,896
28 U.S. Treasury securities 796,449
29 Other 158,447
30 Other U.S. Government liabilities (7) 17,144
31 U.S. liabilities reported by U.S. banks,
not included elsewhere 144,646
32 Other foreign official assets 96,037
Other foreign assets:
33 With direct investment at current cost
(lines 35 37 38 41 42 43) 7,433,830
34 With direct investment at market value
(lines 36 37 38 41 42 43) 7,954,004
Direct investment in the United States:
35 At current cost 1,505,171
36 At market value 2,025,345
37 U.S. Treasury securities 457,670
38 U.S. securities other than U.S. Treasury
securities 2,786,647
39 Corporate and other bonds 1,600,414
40 Corporate stocks 1,186,233
41 U.S. currency 301,268
42 U.S. liabilities to unaffiliated foreigners
reported by U.S. nonbanking concerns 864,632
43 U.S. liabilities reported by U.S. banks,
not included elsewhere 1,518,442
Changes in position in 2003
Attributable to
Valuation adjustments
Financial Price Exchange-rate
flows changes changes (1)
Line (a) (b) (c)
1 -545,759 37,112 255,457
2 -545,759 -13,696 397,918
3 283,414 355,668 327,520
4 283,414 676,650 468,722
5 -1,523 18,059 8,438
6 (3) 18,059
7 -601 1,073
8 -1,494 2,050
9 572 5,315
10 -537
11 -702
12 -700
13 -2
14 165
15 285,474 337,609 319,082
16 285,474 658,591 460,284
17 173,799 9,472 58,756
18 173,799 330,454 199,958
19 72,337 328,137 227,021
20 -28,094 3,209 25,253
21 100,431 324,928 201,768
22 28,932 18,093
23 10,406 15,212
24 829,173 318,556 72,063
25 829,173 690,346 70,804
26 248,573 3,920
27 194,568 -16,845
28 169,685 -13,947
29 24,883 -2,898
30 -564
31 49,420
32 5,149 20,765
33 580,600 314,636 72,063
34 580,600 686,426 70,804
35 39,890 6,460 1,259
36 39,890 378,250
37 113,432 -11,612
38 250,981 319,788 48,437
39 213,718 5,205 48,437
40 37,263 314,583
41 16,640
42 84,014 11,269
43 75,643 11,098
Changes in position in 2003
Attributable to
Valuation
adjustments
Other
changes (2) Total
Position,
Line (d) (a b c d) 2003 (p)
1 55,526 -197,664 -2,430,682
2 63,954 -97,583 -2,650,990
3 -177,445 789,157 7,202,692
4 -178,138 1,250,648 7,863,968
5 1 24,975 183,577
6 (4) 1 18,060 108,866
7 472 12,638
8 556 22,535
9 5,887 39,538
10 -537 84,772
11 -702 81,980
12 -700 81,706
13 -2 274
14 165 2,792
15 -177,446 764,719 6,934,343
16 -178,139 1,226,210 7,595,619
17 -13,009 229,018 2,069,013
18 -13,702 690,509 2,730,289
19 627,495 2,474,374
20 368 502,130
21 627,127 1,972,244
22 -340,377 -293,352 614,672
23 175,940 201,558 1,776,284
24 -232,971 986,821 9,633,374
25 -242,092 1,348,231 10,514,958
26 8,945 261,438 1,474,161
27 12,410 190,133 1,145,029
28 4,476 160,214 956,663
29 7,934 29,919 188,366
30 -564 16,580
31 -3,465 45,955 190,601
32 25,914 121,951
33 -241,916 725,383 8,159,213
34 -251,037 1,086,793 9,040,797
35 1,175 48,784 1,553,955
36 -7,946 410,194 2,435,539
37 -16,948 84,872 542,542
38 -14,803 604,403 3,391,050
39 -14,803 252,557 1,852,971
40 351,846 1,538,079
41 16,640 317,908
42 -493,372 -398,089 466,543
43 282,032 368,773 1,887,215
(p) Preliminary.
(r) Revised.
(1.) Represents gains or losses on foreign-currency-denominated assets
due to their revaluation at current exchange rates.
(2.) Includes changes in coverage. capital gains and losses of direct
investment affiliates, and other statistical adjustments to the value
of assets.
(3.) Reflects changes in the value of the official gold stock due to
fluctuations in the market price of gold.
(4.) Reflects changes in gold stock from U.S. Treasury sales of gold
medallions and commemorative and bullion coins; also reflects
replenishment through open market purchases. These demonetizations/
monetizations are not included in international transactions financial
flows.
(5.) Also includes paid-in capital subscriptions to international
financial institutions and resources provided to foreigners under
foreign assistance programs requiring repayment over several years.
Excludes World War I debts that are not being serviced.
(6.) Includes indebtedness that the borrower may contractually, or at
its option, repay with its currency, with a third country's currency,
or by delivery of materials or transfer of services.
(7.) Primarily U.S. Government liabilities associated with military
sales contracts and other transactions arranged with or through
foreign official agencies.
Source: Table 1 in "The International Investment Position of the United
States at Yearend 2003" in the July 2004 SURVEY of CURRENT BUSINESS.
Table G.2. U.S. Direct Investment Abroad: Selected Items by Country of
Foreign Affiliate and by Industry of Foreign Affiliate, 2000-2003
[Millions of dollars]
Direct investment
position on a
historical-cost basis
2000 2001
All countries, all industries 1,316,247 1,460,352
By country of foreign affiliate
Canada 132,472 152,601
Europe 687,320 771,936
Of which:
France 42,628 40,125
Germany 55,508 63,396
Ireland 35,903 39,541
Netherlands 115,429 147,687
Switzerland 55,377 63,768
United Kingdom 230,762 228,230
Latin America and Other Western Hemisphere 266,576 279,611
Of which:
Bermuda 60,114 84,969
Brazil 36,717 32,027
Mexico 39,352 52,544
United Kingdom Islands, Caribbean 33,451 36,443
Africa 11,891 15,574
Middle East 10,863 13,212
Asia and Pacific 207,125 227,418
Of which:
Australia 34,838 27,778
Hong Kong 27,447 32,494
Japan 57,091 55,651
Singapore 24,133 40,764
By industry of foreign affiliate
Mining, 72,111 79,392
Utilities 21,964 25,528
Manufacturing 343,899 328,030
Of which:
Food 23,497 21,334
Chemicals 75,807 79,186
Primary and fabricated metals 21,644 21,814
Machinery 22,229 17,655
Computers and electronic products 59,909 58,651
Electrical equipment, appliances, and
components 10,005 9,552
Transportation equipment 49,887 40,487
Wholesale trade 93,936 112,946
Information 52,345 42,996
Depository institutions (banking) 40,152 55,620
Finance (except depository institutions) and
insurance 217,086 240,272
Professional, scientific, and technical services 32,868 34,306
Other industries 441,886 541,263
Direct investment
position on a
historical-cost basis
2002 2003
All countries, all industries 1,601,414 1,788,911
By country of foreign affiliate
Canada 170,169 192,409
Europe 848,599 963,087
Of which:
France 42,999 47,914
Germany 67,404 80,163
Ireland 46,617 55,463
Netherlands 164,217 178,933
Switzerland 71,454 86,435
United Kingdom 239,219 272,640
Latin America and Other Western Hemisphere 284,561 304,023
Of which:
Bermuda 80,048 84,609
Brazil 27,615 29,915
Mexico 55,724 61,526
United Kingdom Islands, Caribbean 49,806 54,507
Africa 16,290 18,960
Middle East 14,671 16,942
Asia and Pacific 267,125 293,490
Of which:
Australia 34,409 40,985
Hong Kong 41,571 44,323
Japan 65,939 73,435
Singapore 52,449 57,589
By industry of foreign affiliate
Mining, 86,564 98,669
Utilities 24,330 26,907
Manufacturing 339,391 378,033
Of which:
Food 18,340 22,717
Chemicals 81,449 90,341
Primary and fabricated metals 21,926 22,970
Machinery 18,612 21,380
Computers and electronic products 53,601 57,596
Electrical equipment, appliances, and
components 9,030 9,657
Transportation equipment 44,820 45,372
Wholesale trade 124,686 140,579
Information 39,812 47,525
Depository institutions (banking) 56,595 63,655
Finance (except depository institutions) and
insurance 264,680 299,805
Professional, scientific, and technical services 34,907 40,599
Other industries 630,450 693,138
Capital outflows
(inflows (-))
2000 2001
All countries, all industries 142,627 124,873
By country of foreign affiliate
Canada 16,899 16,841
Europe 77,976 65,580
Of which:
France 1,967 476
Germany 3,811 11,823
Ireland 9,823 2,437
Netherlands 961 12,025
Switzerland 8,687 4,170
United Kingdom 28,317 7,890
Latin America and Other Western Hemisphere 23,212 25,691
Of which:
Bermuda 9,363 7,007
Brazil 3,350 113
Mexico 4,203 14,226
United Kingdom Islands, Caribbean 989 -1,129
Africa 716 2,438
Middle East 1,375 1,397
Asia and Pacific 22,449 12,927
Of which:
Australia 890 -751
Hong Kong 4,922 4,787
Japan 4,295 -4,731
Singapore 3,688 5,593
By industry of foreign affiliate
Mining, 2,174 15,590
Utilities 2,466 2,887
Manufacturing 43,002 25,871
Of which:
Food 2,014 1,813
Chemicals 3,812 10,210
Primary and fabricated metals 1,233 311
Machinery 2,659 -812
Computers and electronic products 17,303 4,107
Electrical equipment, appliances, and
components 2,100 1,129
Transportation equipment 7,814 1,861
Wholesale trade 11,938 15,712
Information 16,531 -2,838
Depository institutions (banking) -1,274 10,326
Finance (except depository institutions) and
insurance 21,659 2,854
Professional, scientific, and technical services 5,441 3,739
Other industries 40,690 50,731
Capital outflows
(inflows (-))
2002 2003
All countries, all industries 115,340 151,884
By country of foreign affiliate
Canada 11,534 13,826
Europe 69,665 99,191
Of which:
France 3,324 1,504
Germany -216 8,676
Ireland 5,663 9,093
Netherlands 14,633 14,968
Switzerland 6,683 14,444
United Kingdom 16,852 30,455
Latin America and Other Western Hemisphere 6,428 13,171
Of which:
Bermuda -1,991 1,832
Brazil 339 -266
Mexico 5,171 5,667
United Kingdom Islands, Caribbean 2,157 3,057
Africa 1,443 2,211
Middle East 1,703 2,093
Asia and Pacific 24,568 21,392
Of which:
Australia 5,139 3,881
Hong Kong 1,687 1,725
Japan 7,877 5,800
Singapore 4,377 5,699
By industry of foreign affiliate
Mining, 7,949 9,816
Utilities -835 -213
Manufacturing 28,002 28,370
Of which:
Food 2,210 2,793
Chemicals 6,332 6,178
Primary and fabricated metals 1,244 -169
Machinery 220 2,405
Computers and electronic products 1,179 3,061
Electrical equipment, appliances, and
components 269 772
Transportation equipment 2,471 1,517
Wholesale trade 3,841 12,802
Information -1,886 5,578
Depository institutions (banking) -1,976 693
Finance (except depository institutions) and
insurance 14,643 30,149
Professional, scientific, and technical services 1,167 4,497
Other industries 64,434 60,191
Income
2000 2001
All countries, all industries 133,692 110,029
By country of foreign affiliate
Canada 16,181 11,836
Europe 65,574 53,524
Of which:
France 2,370 1,697
Germany 4,736 3,407
Ireland 5,773 5,161
Netherlands 13,402 10,922
Switzerland 5,027 6,636
United Kingdom 19,099 9,612
Latin America and Other Western Hemisphere 19,796 18,006
Of which:
Bermuda 6,446 5,250
Brazil 1,621 567
Mexico 4,431 4,034
United Kingdom Islands, Caribbean 1,606 3,719
Africa 2,010 1,554
Middle East 2,272 1,545
Asia and Pacific 27,861 23,564
Of which:
Australia 3,415 1,503
Hong Kong 5,163 4,897
Japan 5,988 4,892
Singapore 4,045 3,334
By industry of foreign affiliate
Mining, 13,164 9,262
Utilities 1,610 2,068
Manufacturing 42,230 27,603
Of which:
Food 2,681 2,597
Chemicals 11,552 7,161
Primary and fabricated metals 1,536 1,422
Machinery 2,257 1,313
Computers and electronic products 8,860 4,335
Electrical equipment, appliances, and
components 1,079 669
Transportation equipment 4,107 2,148
Wholesale trade 14,198 13,706
Information -964 -3,084
Depository institutions (banking) 2,191 2,343
Finance (except depository institutions) and
insurance 15,210 9,224
Professional, scientific, and technical services 3,548 1,741
Other industries 42,504 47,166
Income
2002 2003
All countries, all industries 126,694 164,712
By country of foreign affiliate
Canada 12,697 17,354
Europe 62,467 81,751
Of which:
France 2,428 4,339
Germany 2,519 4,062
Ireland 6,245 8,281
Netherlands 12,352 15,791
Switzerland 9,130 10,738
United Kingdom 10,570 13,756
Latin America and Other Western Hemisphere 17,146 24,552
Of which:
Bermuda 4,035 6,320
Brazil 538 1,370
Mexico 4,349 5,750
United Kingdom Islands, Caribbean 4,542 4,955
Africa 1,873 2,864
Middle East 1,876 2,645
Asia and Pacific 30,636 35,546
Of which:
Australia 2,207 3,707
Hong Kong 4,839 5,071
Japan 6,342 9,167
Singapore 8,558 6,974
By industry of foreign affiliate
Mining, 9,503 12,786
Utilities 1,902 1,991
Manufacturing 26,733 36,531
Of which:
Food 2,674 3,172
Chemicals 9,093 10,620
Primary and fabricated metals 898 1,607
Machinery 1,974 2,043
Computers and electronic products 2,504 5,394
Electrical equipment, appliances, and
components 522 739
Transportation equipment 612 1,802
Wholesale trade 12,905 19,583
Information 535 5,474
Depository institutions (banking) 1,288 2,356
Finance (except depository institutions) and
insurance 13,946 19,165
Professional, scientific, and technical services 2,481 4,623
Other industries 57,401 62,203
Note. In this table, unlike in the international transactions accounts,
income and capital outflows are shown without a current-cost
adjustment, and income is shown net of withholding taxes. In addition,
unlike in the international investment position, the direct investment
position is valued at historical cost.
The data in this table are from tables 16 and 17 in "U.S. Direct
Investment Abroad: Detail for Historical-Cost Position and Related
Capital and Income Flows, 2003" in the September 2004 SURVEY OF CURRENT
BUSINESS.
Table G.3. Selected Financial and Operating Data of Nonbank Foreign
Affiliates of U.S. Companies by Country and by Industry of Affiliate,
2002
All nonbank foreign affiliates
Millions of dollars
Total Net
assets Sales income
All countries, all industries 6,865,705 2,973,212 217,660
By country of foreign affiliate
Canada 514,250 359,620 13,624
Europe 4,103,349 1,479,547 124,084
Of which:
France 212,778 139,456 3,166
Germany 351,566 242,206 6,206
Netherlands 534,795 141,606 19,994
United Kingdom 1,581,483 389,292 8,098
Latin America and Other Western
Hemisphere 994,055 365,977 34,947
Of which:
Brazil 101,114 68,155 -5,015
Mexico 142,566 137,055 6,026
Africa 77,632 42,294 3,120
Middle East 59,623 32,763 4,139
Asia and Pacific 1,116,796 693,011 37,747
Of which:
Australia 154,272 74,142 3,819
Japan 431,911 251,924 8,535
By industry of foreign affiliate
Mining 298,637 104,463 17,166
Utilities 142,367 60,632 -301
Manufacturing 1,343,683 1,415,463 61,180
Of which:
Food 76,557 99,819 3,846
Chemicals 345,030 249,099 24,872
Primary and fabricated metals 64,165 45,828 1,309
Machinery 70,477 72,461 3,037
Computers and electronic
products 177,022 210,937 7,514
Electrical equipment, applian-
ces, and components 32,183 29,132 374
Transportation equipment 245,032 357,234 2,216
Wholesale trade 463,176 680,498 19,634
Information 280,209 166,416 -6,582
Finance (except depository institu-
tions) and insurance 2,438,387 212,260 20,105
Professional, scientific, and
technical services 123,553 84,141 2,758
Other industries 1,775,694 249,340 103,700
All nonbank foreign affiliates
Millions of dollars
U.S. exports U.S. imports
of goods of goods
shipped to shipped by
affiliates affiliates
All countries, all industries 184,499 217,673
By country of foreign affiliate
Canada 58,373 80,860
Europe 43,491 41,796
Of which:
France 4,131 3,296
Germany 7,207 4,983
Netherlands 7,771 (D)
United Kingdom 9,829 6,464
Latin America and Other Western
Hemisphere 42,283 49,931
Of which:
Brazil 3,118 1,807
Mexico 32,970 41,902
Africa 931 (D)
Middle East 663 (D)
Asia and Pacific 38,759 39,369
Of which:
Australia 3,882 1,353
Japan 10,657 9,785
By industry of foreign affiliate
Mining 1,124 12,516
Utilities 8 3
Manufacturing 127,658 186,483
Of which:
Food 4,378 4,498
Chemicals 17,074 19,132
Primary and fabricated metals 2,982 4,048
Machinery 7,070 7,588
Computers and electronic
products 24,602 37,118
Electrical equipment, applian-
ces, and components 2,216 4,591
Transportation equipment 55,587 89,841
Wholesale trade 47,045 17,076
Information 908 (D)
Finance (except depository institu-
tions) and insurance 10 (D)
Professional, scientific, and
technical services 1,534 (D)
Other industries 6,212 (D)
Majority-owned
nonbank foreign
All nonbank affiliates
foreign
affiliates Millions of
dollars
Thousands
of Total
employees assets
All countries, all industries 9,695.9 6,209,829
By country of foreign affiliate
Canada 1,124.1 484,796
Europe 4,118.4 3,838,231
Of which:
France 583.2 187,698
Germany 653.0 311,825
Netherlands 230.6 507,950
United Kingdom 1,219.4 1,526,337
Latin America and Other Western
Hemisphere 1,990.0 860,328
Of which:
Brazil 391.1 79,611
Mexico 1,041.5 113,128
Africa 218.7 61,954
Middle East 87.9 28,915
Asia and Pacific 2,156.7 935,605
Of which:
Australia 320.6 142,725
Japan 503.7 328,460
By industry of foreign affiliate
Mining 167.5 275,111
Utilities 101.4 100,498
Manufacturing 5,062.8 1,143,805
Of which:
Food 418.4 67,856
Chemicals 656.3 310,491
Primary and fabricated metals 255.9 58,040
Machinery 385.0 58,745
Computers and electronic
products 713.1 170,922
Electrical equipment, applian-
ces, and components 250.5 29,173
Transportation equipment 1,075.3 174,618
Wholesale trade 823.4 442,458
Information 646.0 120,348
Finance (except depository institu-
tions) and insurance 332.5 2,353,513
Professional, scientific, and
technical services 443.9 120,226
Other industries 2,118.3 1,653,870
All nonbank foreign affiliates
Millions of dollars
Net Value
Sales income added
All countries, all industries 2,548,625 204,802 611,456
By country of foreign affiliate
Canada 336,830 14,430 71,139
Europe 1,322,029 119,306 342,291
Of which:
France 125,929 3,467 35,864
Germany 205,713 3,913 60,738
Netherlands 113,151 18,884 21,406
United Kingdom 371,645 13,590 105,056
Latin America and Other Western
Hemisphere 308,180 32,264 61,400
Of which:
Brazil 58,787 -3,531 10,865
Mexico 112,443 4,834 22,233
Africa 33,827 2,505 13,409
Middle East 15,399 1,889 6,577
Asia and Pacific 532,360 34,408 116,641
Of which:
Australia 61,028 3,414 19,511
Japan 150,181 7,052 34,606
By industry of foreign affiliate
Mining 94,171 14,193 58,175
Utilities 40,570 -1,614 7,582
Manufacturing 1,208,610 54,798 316,621
Of which:
Food 90,281 3,409 19,626
Chemicals 224,473 23,355 67,808
Primary and fabricated metals 40,063 996 10,991
Machinery 59,925 2,764 16,753
Computers and electronic
products 206,909 7,989 37,534
Electrical equipment, applian-
ces, and components 26,041 372 7,250
Transportation equipment 272,093 1,142 45.316
Wholesale trade 647,333 18,938 94,447
Information 78,686 -2,759 23,102
Finance (except depository institu-
tions) and insurance 198,704 18,706 23,875
Professional, scientific, and
technical services 79,284 2,556 30,962
Other industries 201,267 99,985 56,693
All nonbank foreign affiliates
Millions of dollars
U.S. exports U.S. imports
of goods of goods
shipped to shipped by
affiliates affiliates
All countries, all industries 177,213 199,349
By country of foreign affiliate
Canada 56,528 74,646
Europe 42,326 41,047
Of which:
France 3,585 3,201
Germany 7,111 4,979
Netherlands 7,477 2,166
United Kingdom 9,796 6,441
Latin America and Other Western
Hemisphere 41,023 47,194
Of which:
Brazil 2,991 1,673
Mexico 32,011 40,255
Africa 767 4,960
Middle East 603 633
Asia and Pacific 35,967 30,870
Of which:
Australia 3,783 1,352
Japan 9,501 1,973
By industry of foreign affiliate
Mining 1,050 11,622
Utilities 8 3
Manufacturing 122,573 169,379
Of which:
Food 4,036 4,405
Chemicals 16,354 18,261
Primary and fabricated metals 2,909 3,936
Machinery 6,723 6,813
Computers and electronic
products 24,385 36,894
Electrical equipment, applian-
ces, and components 2,149 3,695
Transportation equipment 52,910 76,462
Wholesale trade 45,556 16,827
Information 797 96
Finance (except depository institu-
tions) and insurance 10 (D)
Professional, scientific, and
technical services 1,517 (D)
Other industries 5,703 901
All nonbank foreign affiliates
Thousands
of
employees
All countries, all industries 8,183.9
By country of foreign affiliate
Canada 1,062.4
Europe 3,685.7
Of which:
France 543.6
Germany 615.6
Netherlands 179.9
United Kingdom 1,121.5
Latin America and Other Western
Hemisphere 1,594.3
Of which:
Brazil 336.7
Mexico 841.2
Africa 139.0
Middle East 59.5
Asia and Pacific 1,643.0
Of which:
Australia 255.3
Japan 246.1
By industry of foreign affiliate
Mining 149.2
Utilities 70.7
Manufacturing 4,317.8
Of which:
Food 372.9
Chemicals 599.9
Primary and fabricated metals 240.7
Machinery 327.3
Computers and electronic
products 681.3
Electrical equipment, applian-
ces, and components 219.8
Transportation equipment 888.8
Wholesale trade 775.9
Information 345.2
Finance (except depository institu-
tions) and insurance 310.7
Professional, scientific, and
technical services 413.9
Other industries 1,800.6
(D) Suppressed to avoid disclosure of data of individual companies.
NOTE. The data in this table are from "U.S. Multinational Companies:
Operations in 2002" in the July 2004 SURVEY OF CURRENT BUSINESS.
Table G.4. Foreign Direct Investment in the United States: Selected
Items by Country of Foreign Parent and by Industry of U.S. Affiliate
2000-2003
[Millions of dollars]
Direct investment
position on a
historical-cost basis
2000 2001
All countries all industries 1,256,867 1,343,987
By country of foreign parent
Canada 114,309 92,420
Europe 887,014 999,069
Of which:
France 125,740 154,984
Germany 122,412 162,314
Luxembourg 58,930 95,299
Netherlands 138,894 145,554
Switzerland 64,719 129,478
United Kingdom 277,613 197,651
Latin America and Other Western Hemisphere 53,691 64,842
Of which:
Bermuda 18,336 7,316
Mexico 7,462 6,645
Panama 3,819 4,385
United Kingdom Islands, Caribbean 15,191 25,620
Africa 2,700 2,346
Middle East 6,506 6,082
Asia and Pacific 192,647 179,228
Of which:
Australia 18,775 19,465
Japan 159,690 149,859
Singapore 5,087 1,221
By industry of U.S. affiliate
Manufacturing 480,561 476,474
Of which:
Food 18,073 18,577
Chemicals 120,413 128,630
Primary and fabricated metals 24,184 19,998
Machinery 32,283 43,317
Computers and electronic products 92,782 54,729
Electrical equipment appliances
and components' 43,109 53,559
Transportation equipment 55,750 62,349
Wholesale trade 173,991 184,743
Retail trade 26,703 22,647
Information 146,856 146,913
Depository institutions (banking) 64,236 67,207
Finance (except depository institutions)
and insurance 167,007 173,801
Real estate and rental and leasing 49,985 44,280
Professional, scientific, and technical
services 30,492 31,477
Other industries 117,037 196,446
Direct investment
position on a
historical-cost basis
2002 2003
All countries all industries 1,340,011 1,378,001
By country of foreign parent
Canada 96,437 105,255
Europe 982,062 1,000,532
Of which:
France 141,400 143,341
Germany 139,620 148,774
Luxembourg 97,822 104,452
Netherlands 153,679 146,117
Switzerland 119,338 112,856
United Kingdom 218,175 230,374
Latin America and Other Western Hemisphere 68,366 69,557
Of which:
Bermuda 8,088 5,914
Mexico 7,483 6,680
Panama 5,394 8,383
United Kingdom Islands, Caribbean 28,260 28,949
Africa 2,298 2,187
Middle East 7,456 7,931
Asia and Pacific 183,392 192,539
Of which:
Australia 23,136 24,652
Japan 150,499 159,258
Singapore 650 -162
By industry of U.S. affiliate
Manufacturing 468,471 475,475
Of which:
Food 19,785 19,074
Chemicals 121,641 123,242
Primary and fabricated metals 19,245 19,434
Machinery 41,424 37,701
Computers and electronic products 43,111 45,854
Electrical equipment appliances
and components' 46,080 42,311
Transportation equipment 62,607 63,653
Wholesale trade 195,876 182,176
Retail trade 21,974 24,171
Information 117,646 120,122
Depository institutions (banking) 76,800 87,537
Finance (except depository institutions)
and insurance 168,957 185,655
Real estate and rental and leasing 43,515 46,999
Professional, scientific, and technical
services 27,619 28,358
Other industries 219,154 227,509
Capital inflows
(outflows (-))
2000 2001
All countries all industries 314,007 159,461
By country of foreign parent
Canada 27,258 9,173
Europe 251,041 140,661
Of which:
France 51,001 14,546
Germany 14,054 40,206
Luxembourg 30,864 -21,498
Netherlands 33,517 24,036
Switzerland 12,124 61,789
United Kingdom 82,652 2,819
Latin America and Other Western Hemisphere 12,741 8,232
Of which:
Bermuda 2,965 -6,467
Mexico 5,062 -716
Panama -1,087 297
United Kingdom Islands, Caribbean 3,800 12,961
Africa 666 -308
Middle East 2,389 -401
Asia and Pacific 19,912 2,104
Of which:
Australia 4,935 6,490
Japan 7,820 -3,132
Singapore 5,911 -1,451
By industry of U.S. affiliate
Manufacturing 105,119 51,069
Of which:
Food 2,281 312
Chemicals 25,466 16,823
Primary and fabricated metals 8,199 -3,109
Machinery 2,175 3,560
Computers and electronic products 33,073 -1,403
Electrical equipment appliances
and components' 13,333 20,545
Transportation equipment 1,653 9,694
Wholesale trade 52,501 5,998
Retail trade 4,111 5,881
Information 25,207 51,472
Depository institutions (banking) 5,775 6,429
Finance (except depository institutions)
and insurance 50,990 18,156
Real estate and rental and leasing 3,473 -2,178
Professional, scientific, and technical
services 34,136 9,309
Other industries 32,695 13,326
Capital inflows
(outflows (-))
2002 2003
All countries all industries 62,870 29,772
By country of foreign parent
Canada 2,976 9,116
Europe 45,012 6,572
Of which:
France 6,678 5,130
Germany -842 407
Luxembourg 1,288 8,823
Netherlands 5,650 -614
Switzerland 6,566 -6,993
United Kingdom 23,941 -1,661
Latin America and Other Western Hemisphere 1,577 3,525
Of which:
Bermuda -177 -3,366
Mexico 2,099 1,944
Panama 1,572 2,592
United Kingdom Islands, Caribbean 230 1,841
Africa 34 -50
Middle East 1,290 522
Asia and Pacific 11,980 10,086
Of which:
Australia 6,081 4,382
Japan 6,061 6,495
Singapore -514 -809
By industry of U.S. affiliate
Manufacturing 18,876 344
Of which:
Food 1,300 -1,423
Chemicals -7,410 2,800
Primary and fabricated metals 1,308 711
Machinery -1,426 -2,917
Computers and electronic products -6,682 -548
Electrical equipment appliances
and components' 3,200 -6,550
Transportation equipment 6,449 1,637
Wholesale trade 10,332 -6,510
Retail trade 763 1,389
Information 6,235 -1,441
Depository institutions (banking) 3,647 4,482
Finance (except depository institutions)
and insurance 3,556 16,684
Real estate and rental and leasing 1,367 -1,269
Professional, scientific, and technical
services 1,668 860
Other industries 16,426 15,233
Income
2000 2001
All countries all industries 47,921 3,919
By country of foreign parent
Canada 849 -5,223
Europe 38,766 13,964
Of which:
France 3,633 4,024
Germany 2,140 -7,787
Luxembourg 4,711 2,414
Netherlands 8,776 3,189
Switzerland 2,782 1,299
United Kingdom 13,347 9,046
La 
