Business Services Industry
National income and product accounts tables - Statistical Data Included
Survey of Current Business, August, 2002
Table 1.1. Gross Domestic Product
[Billions of dollars]
Line 1998 1999 2000
Gross domestic product 1 8,781.5 9,274.3 9,824.6
Personal consumption
expenditures 2 5,856.0 6,246.5 6,683.7
Durable goods 3 693.2 755.9 803.9
Nondurable goods 4 1,708.5 1,830.1 1,972.9
Services 5 3,454.3 3,660.5 3,906.9
Gross private domestic
investment 6 1,538.7 1,636.7 1,755.4
Fixed investment 7 1,465.6 1,577.2 1,691.8
Nonresidential 8 1,101.2 1,173.5 1,265.8
Structures 9 282.4 283.7 314.2
Equipment and
software 10 818.9 889.8 951.6
Residential 11 364.4 403.7 426.0
Change in private
inventories 12 73.1 59.5 63.6
Net exports of goods and
services 13 -151.7 -249.9 -365.5
Exports 14 964.9 989.3 1,101.1
Goods 15 681.3 697.3 785.0
Services 16 283.6 292.0 316.1
Imports 17 1,116.7 1,239.2 1,466.6
Goods 18 930.0 1,045.3 1,243.1
Services 19 186.7 193.9 223.5
Government consumption
expenditures and gross
investment 20 1,538.5 1,641.0 1,751.0
Federal 21 539.2 565.0 589.2
National defense 22 349.1 364.3 374.9
Nondefense 23 190.1 200.7 214.3
State and local 24 999.3 1,076.0 1,161.8
Seasonally adjusted
at annual rates
2001 1998 1999
IV I II
Gross domestic product 10,082.2 8,984.5 9,092.7 9,171.7
Personal consumption
expenditures 6,987.0 5,989.1 6,076.6 6,195.6
Durable goods 835.9 725.1 728.7 749.9
Nondurable goods 2,041.3 1,744.4 1,773.1 1,814.4
Services 4,109.9 3,519.6 3,574.8 3,631.3
Gross private domestic
investment 1,586.0 1,589.3 1,618.0 1,597.8
Fixed investment 1,646.3 1,513.9 1,543.3 1,570.1
Nonresidential 1,201.6 1,131.7 1,150.0 1,167.7
Structures 324.5 287.5 285.5 283.0
Equipment and
software 877.1 844.2 864.5 884.7
Residential 444.8 382.2 393.3 402.4
Change in private
inventories -60.3 75.4 74.7 27.7
Net exports of goods and
services -348.9 -164.1 -196.4 -241.8
Exports 1,034.1 979.7 959.2 970.2
Goods 733.5 692.0 673.3 680.4
Services 300.6 287.7 285.9 289.8
Imports 1,383.0 1,143.8 1,155.6 1,212.0
Goods 1,167.2 952.8 969.5 1,021.0
Services 215.8 191.0 186.1 190.9
Government consumption
expenditures and gross
investment 1,858.0 1,570.3 1,594.6 1,620.1
Federal 628.1 548.4 550.0 556.1
National defense 399.9 354.7 354.0 355.1
Nondefense 228.2 193.7 196.0 201.0
State and local 1,229.9 1,021.9 1,004.5 1,064.0
Seasonally adjusted at
annual rates
1999 2000
III IV I II
Gross domestic product 9,316.5 9,516.4 9,649.5 9,820.7
Personal consumption
expenditures 6,299.4 6,414.5 6,552.2 6,638.7
Durable goods 765.1 779.9 808.4 799.3
Nondurable goods 1,841.3 1,891.7 1,926.9 1,964.9
Services 3,693.1 3,742.9 3,816.9 3,874.5
Gross private domestic
investment 1,637.9 1,693.2 1,711.4 1,786.4
Fixed investment 1,591.1 1,604.3 1,664.6 1,697.1
Nonresidential 1,184.5 1,191.9 1,236.6 1,268.3
Structures 279.9 286.3 299.5 308.5
Equipment and
software 904.6 905.5 937.1 959.8
Residential 406.5 412.5 428.0 428.8
Change in private
inventories 46.8 88.9 46.8 89.2
Net exports of goods and
services -274.6 -286.7 -330.6 -353.2
Exports 996.8 1,031.2 1,055.9 1,098.0
Goods 703.1 732.5 746.9 778.4
Services 293.7 298.7 308.9 319.6
Imports 1,271.4 1,317.9 1,386.5 1,451.1
Goods 1,074.3 1,116.5 1,172.4 1,231.6
Services 197.1 201.4 214.1 219.5
Government consumption
expenditures and gross
investment 1,653.9 1,695.4 1,716.5 1,748.8
Federal 569.0 584.9 575.7 598.5
National defense 368.7 379.5 365.5 379.1
Nondefense 200.3 205.5 210.2 219.4
State and local 1,084.8 1,110.5 1,140.8 1,150.3
Seasonally adjusted at
annual rates
2000 2001
III IV I II
Gross domestic product 9,874.8 9,953.6 10,028.1 10,049.9
Personal consumption
expenditures 6,736.1 6,808.0 6,904.7 6,959.8
Durable goods 810.6 797.2 816.8 820.3
Nondurable goods 1,988.9 2,011.1 2,031.5 2,044.8
Services 3,936.6 3,999.7 4,056.4 4,094.7
Gross private domestic
investment 1,766.4 1,757.4 1,671.1 1,597.2
Fixed investment 1,705.2 1,700.4 1,698.3 1,654.3
Nonresidential 1,283.4 1,274.8 1,258.3 1,210.0
Structures 320.9 328.0 333.7 329.9
Equipment and
software 962.5 946.8 924.6 880.2
Residential 421.8 425.6 440.0 444.2
Change in private
inventories 61.1 57.1 -27.2 -57.1
Net exports of goods and
services -384.9 -393.2 -372.7 -365.7
Exports 1,130.9 1,119.8 1,100.0 1,059.7
Goods 814.5 800.3 787.3 750.6
Services 316.4 319.5 312.7 309.1
Imports 1,515.8 1,513.0 1,472.8 1,425.3
Goods 1,285.7 1,282.6 1,240.1 1,189.9
Services 230.1 230.4 232.7 235.5
Government consumption
expenditures and gross
investment 1,757.2 1,781.4 1,825.0 1,858.5
Federal 589.7 592.9 613.3 624.8
National defense 375.0 380.0 391.4 395.2
Nondefense 214.7 213.0 221.9 229.6
State and local 1,167.4 1,188.5 1,211.7 1,233.7
Seasonally adjusted at
annual rates
2001 2002
III IV I II
Gross domestic product 10,097.7 10,152.9 10,313.1 10,369.9
Personal consumption
expenditures 6,983.7 7,099.9 7,174.2 7,253.2
Durable goods 824.0 882.6 859.0 857.8
Nondurable goods 2,044.3 2,044.4 2,085.1 2,105.6
Services 4,115.4 4,172.9 4,230.1 4,289.8
Gross private domestic
investment 1,574.9 1,500.7 1,559.4 1,588.8
Fixed investment 1,635.5 1,597.2 1,589.4 1,589.6
Nonresidential 1,188.1 1,149.8 1,126.8 1,118.9
Structures 332.0 302.3 288.3 277.7
Equipment and
software 856.1 847.4 838.5 841.3
Residential 447.4 447.4 462.6 470.7
Change in private
inventories -60.6 -96.5 -29.9 -.8
Net exports of goods and
services -312.6 -344.5 -360.1 -432.7
Exports 1,005.8 971.1 977.5 1,011.3
Goods 708.5 687.7 679.8 707.9
Services 297.3 283.4 297.7 303.4
Imports 1,318.4 1,315.6 1,337.5 1,444.1
Goods 1,140.6 1,098.3 1,102.3 1,204.1
Services 177.8 217.3 235.2 240.0
Government consumption
expenditures and gross
investment 1,851.7 1,896.8 1,939.5 1,960.6
Federal 627.4 646.9 672.0 687.3
National defense 400.3 412.8 431.7 441.9
Nondefense 227.2 234.1 240.3 245.4
State and local 1,224.3 1,249.8 1,267.5 1,273.3
NOTE. Percent changes from preceding period for selected items in this
table are shown in table 8.1.
Table 1.2. Real Gross Domestic Product
[Billions of chained (1996) dollars]
Line 1998 1999 2000 2001
Gross domestic product 1 8,508.9 8,859.0 9,191.4 9,214.5
Personal consumption
expenditures 2 5,683.7 5,964.5 6,223.9 6,377.2
Durable goods 3 726.7 812.5 878.9 931.9
Nondurable goods 4 1,686.4 1,765.1 1,833.8 1,869.8
Services 5 3,273.4 3,395.4 3,524.5 3,594.9
Gross private domestic
investment 6 1,558.0 1,660.5 1,762.9 1,574.6
Fixed investment 7 1,480.0 1,595.2 1,691.9 1,627.4
Nonresidential 8 1,135.9 1,228.4 1,324.2 1,255.1
Structures 9 262.2 258.6 275.5 270.9
Equipment and
software 10 875.4 975.9 1,056.0 988.2
Residential 11 345.1 368.3 372.4 373.5
Change in private
inventories 12 76.7 62.8 65.0 -61.4
Net exports of goods and
services 13 -221.1 -320.5 -398.8 -415.9
Exports 14 1,002.4 1,036.3 1,137.2 1,076.1
Goods 15 722.9 750.0 834.7 785.2
Services 16 279.8 286.8 304.1 292.0
Imports 17 1,223.5 1,356.8 1,536.0 1,492.0
Goods 18 1,031.4 1,157.5 1,313.7 1,270.5
Services 19 192.2 200.3 223.6 222.4
Government consumption
expenditures and gross
investment 20 1,483.3 1,540.6 1,582.5 1,640.4
Federal 21 525.4 537.7 544.4 570.6
National defense 22 341.6 348.8 348.7 366.0
Nondefense 23 183.8 188.8 195.6 204.4
State and local 24 957.7 1,002.4 1,037.4 1,069.4
Residual 25 .8 1.4 2.1 22.6
Seasonally adjusted at
annual rates
1998 1999
IV I II III IV
Gross domestic product 8,667.9 8,733.2 8,775.5 8,886.9 9,040.1
Personal consumption
expenditures 5,784.7 5,851.4 5,932.8 6,000.1 6,073.6
Durable goods 767.3 777.6 804.2 824.1 844.2
Nondurable goods 1,715.3 1,736.1 1,756.7 1,767.7 1,799.9
Services 3,307.6 3,343.6 3,379.7 3,417.4 3,440.7
Gross private domestic
investment 1,612.1 1,640.3 1,620.5 1,663.4 1,717.8
Fixed investment 1,531.7 1,560.5 1,587.6 1,610.6 1,622.2
Nonresidential 1,175.4 1,197.5 1,220.4 1,243.3 1,252.4
Structures 265.1 262.4 258.9 254.7 258.5
Equipment and
software 912.9 939.1 967.1 996.1 1,001.2
Residential 357.4 364.1 368.4 369.2 371.7
Change in private
inventories 80.0 80.0 31.2 47.6 92.2
Net exports of goods and
services -239.2 -283.2 -319.6 -339.6 -339.5
Exports 1,025.6 1,007.5 1,018.1 1,044.1 1,075.6
Goods 742.8 725.4 733.7 756.8 784.2
Services 283.3 282.3 284.6 287.9 292.4
Imports 1,264.8 1,290.7 1,337.7 1,383.7 1,415.2
Goods 1,070.6 1,096.7 1,140.7 1,182.3 1,210.2
Services 194.6 194.7 197.9 202.6 206.1
Government consumption
expenditures and gross
investment 1,504.8 1,515.9 1,526.7 1,546.5 1,573.2
Federal 531.7 527.2 530.6 540.1 553.0
National defense 345.8 341.2 341.0 352.4 360.8
Nondefense 185.8 185.9 189.5 187.7 192.1
State and local 972.8 988.3 995.7 1,006.0 1,019.8
Residual -3.0 -1.4 3.4 4.2 -1.3
Seasonally adjusted at
annual rates
2000
I II III IV
Gross domestic product 9,097.4 9,205.7 9,218.7 9,243.8
Personal consumption
expenditures 6,151.9 6,198.2 6,256.8 6,288.8
Durable goods 879.5 871.3 888.5 876.5
Nondurable goods 1,809.7 1,831.6 1,840.9' 1,853.1
Services 3,477.7 3,508.2 3,541.7 3,570.6
Gross private domestic
investment 1,727.8 1,798.1 1,770.3 1,755.2
Fixed investment 1,673.6 1,700.9 1,701.7 1,691.3
Nonresidential 1,297.1 1,329.1 1,340.7 1,329.9
Structures 267.0 272.3 280.2 282.7
Equipment and
software 1,038.0 1,065.3 1,067.7 1,053.1
Residential 379.1 376.2 367.2 367.2
Change in private
inventories 45.3 91.5 63.1 59.9
Net exports of goods and
services -368.8 -394.6 -413.1 -418.5
Exports 1,095.8 1,133.9 1,165.5 1,153.7
Goods 797.1 827.4 865.0 849.2
Services 299.6 307.6 303.0 306.3
Imports 1,464.6 1,528.5 1,578.6 1,572.2
Goods 1,249.6 1,308.8 1,351.1 1,345.1
Services 216.0 221.0 228.9 228.6
Government consumption
expenditures and gross
investment 1,568.3 1,586.1 1,582.2 1,593.4
Federal 533.8 554.0 543.7 546.4
National defense 341.3 353.4 347.9 351.9
Nondefense 192.3 200.3 195.6 194.3
State and local 1,033.8 1,031.8 1,037.8 1,046.3
Residual 2.6 -1.4 .1 6.4
Seasonally adjusted at
annual rates
2001
I II III IV
Gross domestic product 9,229.9 9,193.1 9,186.4 9,248.8
Personal consumption
expenditures 6,326.0 6,348.0 6,370.9 6,464.0
Durable goods 900.6 912.4 922.6 992.0
Nondurable goods 1,863.7 1,862.3 1,868.3 1,885.0
Services 3,576.3 3,589.3 3,597.5 3,616.6
Gross private domestic
investment 1,661.8 1,583.5 1,562.7 1,490.3
Fixed investment 1,682.1 1,633.5 1,615.7 1,578.4
Nonresidential 1,311.4 1,261.0 1,241.7 1,206.4
Structures 280.4 274.4 276.3 252.7
Equipment and
software 1,036.1 989.9 966.4 960.3
Residential 374.5 374.0 374.3 371.0
Change in private
inventories -26.9 -58.3 -61.8 -98.4
Net exports of goods and
services -404.5 -414.8 -419.0 -425.3
Exports 1,135.8 1,098.8 1,048.0 1,021.8
Goods 836.0 800.1 760.0 744.6
Services 301.6 299.7 288.7 278.2
Imports 1,540.3 1,513.6 1,467.0 1,447.2
Goods 1,313.1 1,281.1 1,249.2 1,238.7
Services 228.8 233.5 218.6 208.9
Government consumption
expenditures and gross
investment 1,615.7 1,638.0 1,633.3 1,674.5
Federal 559.0 567.2 568.9 587.2
National defense 359.0 361.4 365.5 378.0
Nondefense 199.8 205.6 203.2 209.1
State and local 1,056.2 1,070.2 1,064.1 1,087.1
Residual 14.5 26.7 29.1 20.2
Seasonally adjusted
at annual rates
2002
I II
Gross domestic product 9,363.2 9,387.9
Personal consumption
expenditures 6,513.8 6,544.2
Durable goods 975.9 981.7
Nondurable goods 1,921.4 1,918.6
Services 3,642.2 3,669.2
Gross private domestic
investment 1,554.0 1,584.7
Fixed investment 1,576.4 1,577.5
Nonresidential 1,188.4 1,183.6
Structures 243.2 234.2
Equipment and
software 953.7 960.6
Residential 383.6 388.2
Change in private
inventories -28.9 1.0
Net exports of goods and
services -446.6 -497.5
Exports 1,030.6 1,059.5
Goods 738.1 764.7
Services 292.2 295.1
Imports 1,477.1 1,557.1
Goods 1,250.0 1,331.9
Services 225.5 225.6
Government consumption
expenditures and gross
investment 1,697.3 1,704.8
Federal 597.8 608.6
National defense 388.5 396.0
Nondefense 209.3 212.6
State and local 1,099.3 1,096.3
Residual 20.2 27.2
NOTE. Chained (1996) dollar series are calculated as the product of the
chain-type quantity index and the 1996 current-dollar value of the
corresponding series, divided by 100. Because the formulator for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive. The
residual line is the difference between the first line and the sum of
the most detailed lines.
Percent changes from preceding period for selected items in this table
are shown in table 8.1; contributions to the percent change in real
gross domestic product are shown in table 8.2.
Chain-type quantity indexes for the series in this table are shown in
table 7.1.
Table 1.3. Gross Domestic Product by Major Type of Product
[Billions of dollars]
Line 1998 1999 2000 2001
Gross domestic
product 1 8,781.5 9,274.3 9,824.6 10,082.2
Final sales of domestic
product 2 8,708.4 9,214.8 9,761.1 10,142.5
Change in private
inventories 3 73.1 59.5 63.6 -60.3
Goods 4 3,305.4 3,473.4 3,651.0 3,593.7
Final sales 5 3,232.3 3,413.9 3,587.4 3,654.0
Change in private
Inventories 6 73.1 59.5 63.6 -60.3
Durable goods 7 1,569.0 1,649.6 1,735.0 1,611.4
Final sales 8 1,524.4 1,612.1 1,690.9 1,676.4
Change in private
inventories (1) 9 44.6 37.5 44.1 -65.0
Nondurable goods 10 1,736.4 1,823.8 1,915.9 1,982.3
Final sales 11 1,707.9 1,801.7 1,896.5 1,977.6
Change in private
inventories (1) 12 28.5 22.0 19.4 4.7
Services 13 4,678.6 4,947.1 5,259.2 5,535.1
Structures 14 797.5 853.8 914.5 953.3
Addenda:
Motor vehicle output 15 314.6 343.2 335.4 312.0
Gross domestic product
less motor vehicle
output 16 8,466.9 8,931.1 9,489.3 9,770.2
Seasonally adjusted at annual rates
1998 1999
IV I II III IV
Gross domestic
product 8,984.5 9,092.7 9,171.7 9,316.5 9,516.4
Final sales of domestic
product 8,909.1 9,018.0 9,144.0 9,269.7 9,427.5
Change in private
inventories 75.4 74.7 27.7 46.8 88.9
Goods 3,393.2 3,406.8 3,420.7 3,483.5 3,582.6
Final sales 3,317.8 3,332.1 3,393.0 3,436.7 3,493.7
Change in private
Inventories 75.4 74.7 27.7 46.8 88.9
Durable goods 1,622.0 1,613.2 1,614.1 1,667.8 1,703.4
Final sales 1,572.4 1,568.6 1,601.9 1,632.4 1,645.5
Change in private
inventories (1) 49.6 44.6 12.2 354.0 57.8
Nondurable goods 1,771.2 1,793.6 1,806.6 1,815.7 1,879.2
Final sales 1,745.4 1,763.5 1,791.1 1,804.3 1,848.1
Change in private
inventories (1) 25.8 30.1 15.5 11.4 31.1
Services 4,764.8 4,841.5 4,902.0 4,982.3 5,062.6
Structures 826.5 844.4 849.0 850.8 871.2
Addenda:
Motor vehicle output 346.3 335.5 333.6 350.5 353.4
Gross domestic product
less motor vehicle
output 8,638.2 8,757.2 8,838.1 8,966.0 9,163.0
Seasonally adjusted at annual rates
2000
I II III IV
Gross domestic
product 9,649.5 9,820.7 9,874.8 9,953.6
Final sales of domestic
product 9,602.6 9,731.5 9,813.6 9,896.6
Change in private
inventories 46.8 89.2 611.0 57.1
Goods 3,604.0 3,676.0 3,672.1 3,651.7
Final sales 3,557.2 3,586.8 3,611.0 3,594.7
Change in private
Inventories 46.8 89.2 61.1 57.1
Durable goods 1,720.0 1,759.2 1,741.5 1,719.5
Final sales 1,684.3 1,695.5 1,708.4 1,675.5
Change in private
inventories (1) 35.7 63.6 33.2 44.0
Nondurable goods 1,884.0 1,916.8 1,930.6 1,932.3
Final sales 1,872.8 1,891.3 1,902.6 1,919.2
Change in private
inventories (1) 11.1 25.6 28.0 13.1
Services 5,138.5 5,236.0 5,288.3 5,373.9
Structures 907.0 908.7 914.4 927.9
Addenda:
Motor vehicle output 351.3 345.7 330.4 314.0
Gross domestic product
less motor vehicle
output 9,298.2 9,475.0 9,544.3 9,639.6
Seasonally adjusted at annual rates
2001
I II III IV
Gross domestic
product 10,028.1 10,049.9 10,097.7 10,152.9
Final sales of domestic
product 10,055.3 10,107.0 10,158.3 10,249.4
Change in private
inventories -27.2 -57.1 -60.6 -96.5
Goods 3,619.1 3,587.9 3,568.6 3,599.1
Final sales 3,646.3 3,645.0 3,629.2 3,695.5
Change in private
Inventories -27.2 -57.1 -60.6 -96.5
Durable goods 1,660.1 1,608.8 1,582.6 1,594.1
Final sales 1,697.3 1,671.5 1,647.9 1,689.1
Change in private
inventories (1) -37.2 -62.8 -65.2 -95.0
Nondurable goods 1,959.0 1,979.2 1,986.0 2,005.0
Final sales 1,949.1 1,973.5 1,981.3 2,006.4
Change in private
inventories (1) 10.0 5.6 4.7 -1.5
Services 5,450.6 5,497.4 5,579.4 5,613.1
Structures 958.4 964.6 949.7 940.7
Addenda:
Motor vehicle output 296.8 307.9 315.6 327.7
Gross domestic product
less motor vehicle
output 9,731.3 9,741.9 9,782.1 9,825.2
Seasonally adjusted
at annual rates
2002
I II
Gross domestic
product 10,313.1 10,369.9
Final sales of domestic
product 10,343.0 10,370.8
Change in private
inventories -29.9 -.8
Goods 3,664.2 3,651.3
Final sales 3,694.1 3,652.1
Change in private
Inventories -29.9 -.8
Durable goods 1,621.2 1,613.2
Final sales 1,641.5 1,615.7
Change in private
inventories (1) -20.3 -2.5
Nondurable goods 2,042.9 2,038.1
Final sales 2,052.6 2,036.4
Change in private
inventories (1) -9.7 1.7
Services 5,696.6 5,776.6
Structures 952.3 942.1
Addenda:
Motor vehicle output 331.8 333.3
Gross domestic product
less motor vehicle
output 9,981.3 10,036.7
(1.) Estimates for durable goods and nondurable goods for 1997 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. Percent changes from preceding period for gross domestic product
and for final sales of domestic product are shown in table 8.1.
Table 1.4 Real Gross Domestic Product by Major Type of Product
[Billions of chained (1996) dollars]
Line 1998 1999 2000 2001
Gross domestic 1 8,508.9 8,859.0 9,191.4 9,214.5
product
Final sales of domestic
product 2 8,431.8 8,793.9 9,121.1 9,258.4
Change in private
inventories 3 76.7 62.8 85.0 -61.4
Residual 4 .4 2.3 5.3 17.5
Goods 5 3,332.3 3,510.3 3,674.3 3,589.9
Final sales 6 3,254.5 3,445.2 3,603.7 3,643.3
Change in private
inventories 7 76.7 62.8 65.0 -61.4
Durable goods 8 1,634.0 1,756.7 1,870.4 1,754.9
Final sales 9 1,585.3 1,714.5 1,821.1 1,823.9
Change in private
inventories (1) 10 46.5 39.9 46.0 -67.9
Nondurable goods 11 1,701.2 1,759.2 1,813.2 1,834.2
Final sales 12 1,671.7 1,736.1 1,791.2 1,825.6
Change in private
inventories (1) 13 29.6 22.8 19.5 4.8
Services 14 4,431.0 4,577.6 4,728.9 4,826.4
Structures 15 748.7 777.2 797.9 797.1
Residual 16 -3.9 -9.1 -13.2 4.6
Addenda:
Motor vehicle output 17 318.0 345.8 336.5 315.9
Gross domestic product
less motor vehicle
output 18 8,191.3 8,514.3 8,854.8 8,896.6
Seasonally adjusted at annual rates
1998 1999
IV I II III IV
Gross domestic 8,667.9 8,733.2 8,775.5 8,886.9 9,040.1
product
Final sales of domestic
product 8,588.5 8,654.3 8,741.0 8,833.6 8,946.6
Change in private
inventories 80.0 80.0 31.2 47.6 92.2
Residual -.6 -1.1 3.3 5.7 1.3
Goods 3,429.0 3,441.1 3,453.7 3,552.7 3,626.6
Final sales 3,348.9 3,361.5 3,420.9 3,470.1 3,528.3
Change in private
inventories 80.0 80.0 31.2 47.6 92.2
Durable goods 1,705.0 1,706.9 1,714.2 1,781.0 1,824.8
Final sales 1,650.4 1,657.4 1,698.8 1,740.9 1,760.8
Change in private
inventories (1) 52.2 47.2 14.2 37.2 61.0
Nondurable goods 1,728.5 1,738.2 1,743.8 1,749.0 1,805.7
Final sales 1,702.3 1,707.9 1,727.1 1,735.9 1,773.4
Change in private
inventories (1) 27.5 32.6 16.9 10.5 31.4
Services 4,476.7 4,518.0 4,550.3 4,598.9 4,643.2
Structures 767.6 778.3 755.5 771.7 783.4
Residual -8.8 -8.2 -7.3 -8.2 -13.1
Addenda:
Motor vehicle output 348.5 338.4 336.7 353.1 354.9
Gross domestic product
less motor vehicle
output 8,320.9 8,395.7 8,439.6 8,535.3 8,686.5
Seasonally adjusted at annual rates
2000
I II III IV
Gross domestic 9,097.4 9,025.7 9,218.7 9,243.8
product
Final sales of domestic
product 9,042.9 9,111.1 9,150.4 9,179.8
Change in private
inventories 45.3 91.5 63.1 59.9
Residual 9.2 3.1 5.2 4.1
Goods 3,636.7 3,698.1 3,693.9 3,668.7
Final sales 3,583.0 3,601.4 3,625.6 3,604.8
Change in private
inventories 45.3 91.5 63.1 59.9
Durable goods 1,851.8 1,896.5 1,877.9 1,855.2
Final sales 1,811.5 1,826.2 1,840.4 1,806.1
Change in private
inventories (1) 36.1 66.4 35.4 46.2
Nondurable goods 1,794.0 1,812.6 1,825.1 1,821.3
Final sales 1,780.1 1,784.5 1,794.9 1,805.4
Change in private
inventories (1) 9.6 25.9 27.9 14.5
Services 4,666.2 4,722.9 4,741.7 4,784.8
Structures 803.7 796.5 794.0 797.3
Residual -9.8 -16.7 -15.6 -10.5
Addenda:
Motor vehicle output 353.5 346.3 331.1 315.0
Gross domestic product
less motor vehicle
output 8,745.2 8,860.0 8,887.0 8,926.9
Seasonally adjusted at annual rates
2001
I II III IV
Gross domestic 9,229.9 9,193.1 9,186.4 9,248.8
product
Final sales of domestic
product 9,243.8 9,234.3 9,230.5 9,324.9
Change in private
inventories -26.9 -58.3 -61.8 -98.4
Residual 13.0 17.1 17.7 22.3
Goods 3,627.2 3,574.1 3,560.3 3,598.2
Final sales 3,647.8 8,624.5 3,616.8 3,686.8
Change in private
inventories -26.9 -58.3 -61.8 -98.4
Durable goods 1,800.7 1,750.4 1,727.0 1,741.7
Final sales 1,839.0 1,816.8 1,796.1 1,843.8
Change in private
inventories (1) -38.1 -65.7 -68.5 -99.3
Nondurable goods 1,829.9 1,823.5 1,830.5 1,853.1
Final sales 1,817.0 1,814.4 1,821.9 1,849.1
Change in private
inventories (1) 9.8 5.1 4.9 -.8
Services 4,795.6 4,809.7 4,830.9 4,869.1
Structures 809.2 806.7 791.8 780.5
Residual -2.6 6.1 9.3 6.4
Addenda:
Motor vehicle output 298.7 312.2 320.2 332.6
Gross domestic product
less motor vehicle
output 8,927.6 8,878.5 8,864.5 8,915.7
Seasonally adjusted
at annual rates
2002
I II
Gross domestic 9,363.2 9,387.9
product
Final sales of domestic
product 9,379.4 9,377.1
Change in private
inventories -28.9 1.0
Residual 12.7 9.8
Goods 3,670.8 3,664.8
Final sales 3,693.4 3,657.6
Change in private
inventories -28.9 1.0
Durable goods 1,781.1 1,784.9
Final sales 1,801.6 1,785.5
Change in private
inventories (1) -20.3 -2.0
Nondurable goods 1,886.8 1,878.1
Final sales 1,890.7 1,871.3
Change in private
inventories (1) -8.8 2.9
Services 4,903.2 4,943.4
Structures 792.1 780.9
Residual 4.7 5.9
Addenda:
Motor vehicle output 340.5 345.7
Gross domestic product
less motor vehicle
output 9,022.6 9,042.7
(1.) Estimates for durable goods and nondurable goods for 1997 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. Chained (1996) dollar series are calculated as the product of
the chain-type quantity index and the 1996 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 the following
structures is the difference between gross domestic product and the sum
of the detailed lines of goods, of services, and of structures.
Percent changes from preceding period for gross domestic product and
for final sales of domestic product are shown in table 8.1.
Chain-type quantity indexes for the series in this table are shown in
table 7.17.
Table 1.5. Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
[Billions of dollars]
Line 1998 1999 2000 2001
Gross domestic product 1 8,781.5 9,274.3 9,824.6 10,082.2
Less: Exports of goods
and services 2 964.9 989.3 1,101.1 1,034.1
Plus: Imports of goods
and services 3 1,116.7 1,239.2 1,466.6 1,383.0
Equals: Gross demestic
purchases 4 8,933.3 9,524.2 10,190.1 10,431.0
Less: Change in private
inventories 5 73.1 59.5 63.6 -60.3
Equals: Final sales to
domestic purchasers 6 8,860.1 9,464.7 10,126.6 10,491.4
Seasonally adjusted
at annual rates
1998 1999
IV I II
Gross domestic product 8,984.5 9,092.7 9,171.7
Less: Exports of goods
and services 979.7 959.2 970.2
Plus: Imports of goods
and services 1,143.8 1,155.6 1,212.0
Equals: Gross demestic
purchases 9,148.6 9,289.1 9,413.5
Less: Change in private
inventories 75.4 74.7 27.7
Equals: Final sales to
domestic purchasers 9,073.2 9,214.4 9,385.8
Seasonally
adjusted at
annual rates
1999
III IV
Gross domestic product 9,316.5 9,516.4
Less: Exports of goods
and services 996.8 1,031.2
Plus: Imports of goods
and services 1,271.4 1,317.9
Equals: Gross demestic
purchases 9,591.2 9,803.1
Less: Change in private
inventories 46.8 88.9
Equals: Final sales to
domestic purchasers 9,544.4 9,714.2
Seasonally adjusted at annual rates
2000
I II III IV
Gross domestic product 9,649.5 9,820.7 9,874.8 9,953.6
Less: Exports of goods
and services 1,055.9 1,098.0 1,130.9 1,119.8
Plus: Imports of goods
and services 1,386.5 1,451.1 1,515.8 1,513.0
Equals: Gross demestic
purchases 9,980.1 10,173.9 10,259.7 10,346.8
Less: Change in private
inventories 46.8 89.2 61.1 57.1
Equals: Final sales to
domestic purchasers 9,933.3 10,084.7 10,198.5 10,289.8
Seasonally adjusted at annual rates
2001
I II III IV
Gross domestic product 10,028.1 10,049.9 10,097.7 10,152.9
Less: Exports of goods
and services 1,100.0 1,059.7 1,005.8 971.1
Plus: Imports of goods
and services 1,472.8 1,425.3 1,318.4 1,315.6
Equals: Gross demestic
purchases 10,400.8 10,415.5 10,410.4 10,497.4
Less: Change in private
inventories -27.2 -57.1 -60.6 -96.5
Equals: Final sales to
domestic purchasers 10,428.0 10,472.6 10,470.9 10,593.9
Seasonally
adjusted at
annual rates
2002
I II
Gross domestic product 10,313.1 10,369.9
Less: Exports of goods
and services 977.5 1,011.3
Plus: Imports of goods
and services 1,337.5 1,444.1
Equals: Gross demestic
purchases 10,673.1 10,802.7
Less: Change in private
inventories -29.9 -.8
Equals: Final sales to
domestic purchasers 10,703.1 10,803.5
NOTE: Percent changes from preceding period for selected items in this
table are shown in table 8.1.
Table 1.6. Relation of Real Gross Domestic Product, Real Gross
Domestic Purchases, and Real Final Sales to Domestic Purchasers
[Billions of chained (1996) dollars]
Line 1998 1999 2000 2001
Gross domestic product 1 8,508.9 8,959.0 9,191.4 9,214.5
Less: Exports of goods
and services 2 1,002.4 1,036.3 1,137.2 1,076.1
Plus: Imports of goods
and services 3 12,235.5 1,356.8 1,536.0 1,492.0
Equals: Gross demestic
purchases 4 8,721.3 9,160.2 9,561.2 9,600.7
Less: Change in private
inventories 5 76.7 62.8 65.0 -61.4
Equals: Final sales to
domestic purchasers 6 8,644.0 9,095.1 9,490.7 9,644.9
Seasonally adjusted
at annual rates
1998 1999
IV I II
Gross domestic product 8,667.9 8,733.2 8,775.5
Less: Exports of goods
and services 1,025.6 1,007.5 1,018.1
Plus: Imports of goods
and services 1,264.8 1,290.7 1,337.7
Equals: Gross demestic
purchases 8,896.6 9,002.1 9,076.2
Less: Change in private
inventories 80.0 80.0 31.2
Equals: Final sales to
domestic purchasers 8,817.1 8,923.1 9,041.7
Seasonally
adjusted at
annual rates
1999
III IV
Gross domestic product 8,886.9 9,040.1
Less: Exports of goods
and services 1,044.1 1,075.6
Plus: Imports of goods
and services 1,383.7 1,415.2
Equals: Gross demestic
purchases 9,204.9 9,357.7
Less: Change in private
inventories 47.6 92.2
Equals: Final sales to
domestic purchasers 9,151.5 9,263.9
Seasonally adjusted at annual rates
2000
I II III IV
Gross domestic product 9,097.4 9,205.7 9,218.7 9,243.8
Less: Exports of goods
and services 1,095.8 1,133.9 1,165.5 1,153.7
Plus: Imports of goods
and services 1,464.6 1,528.5 1,578.6 1,572.2
Equals: Gross demestic
purchases 9,440.8 9,571.9 9,600.9 9,631.0
Less: Change in private
inventories 45.3 91.5 63.1 59.9
Equals: Final sales to
domestic purchasers 9,386.3 9,477.0 9,532.5 9,566.8
Seasonally adjusted at annual rates
2001
I II III IV
Gross domestic product 9,229.9 9,193.1 9,186.4 9,248.8
Less: Exports of goods
and services 1,135.8 1,098.8 1,048.0 1,021.8
Plus: Imports of goods
and services 1,540.3 1,513.6 1,467.0 1,447.2
Equals: Gross demestic
purchases 9,604.6 9,577.1 9,575.8 9,645.3
Less: Change in private
inventories -26.9 -58.3 -61.8 -98.4
Equals: Final sales to
domestic purchasers 9,618.7 9,618.7 9,620.3 9,722.3
Seasonally
adjusted at
annual rates
2002
I II
Gross domestic product 9,363.2 9,387.9
Less: Exports of goods
and services 1,030.6 1,059.5
Plus: Imports of goods
and services 1,477.1 1,557.1
Equals: Gross demestic
purchases 9,778.2 9,844.8
Less: Change in private
inventories -28.9 1.0
Equals: Final sales to
domestic purchasers 9,794.4 9,833.9
NOTE, Chained (1996) dollar series are calculated as the product of
the chain-type quantity index and the 1996 current-dollar value of the
corresponding series, divided by 100. Because the formula for the
chain-type quantity indexes uses weights of more than one period, the
corresponding chained-dollar estimates are usually not additive.
Percent changes from preceding period for selected series in this
table are shown in table 8.1. Chain-type quantity indexes for selected
series in this table are shown in table 7.2.
Table 1.7. Gross Domestic Product by Sector
[Billions of dollars]
Line 1998 1999 2000 2001
Gross domestic
product 1 8,781.5 9,274.3 9,824.6 10,002.2
Business (1) 2 7,418.0 7,847.7 8,311.4 8,482.7
Nonfarm (2) 3 7,337.4 7,772.5 8,233.6 8,402.1
Nonfarm less housing 4 6,631.8 7,018.9 7,435.9 7,571.1
Housing 5 705.6 753.6 797.8 831.1
Farm 6 80.6 75.2 77.8 80.6
Households and
institutions 7 383.8 403.1 431.1 459.6
Private households 8 14.0 12.7 13.6 11.9
Nonprofit institutions 9 369.8 3,904 417.5 447.7
General government (3) 10 979.8 1,023.5 1,082.1 1,139.8
Federal 11 298.6 307.6 323.4 332.8
State and local 12 681.2 715.9 758.7 807.0
Seasonally adjusted
at annual rates
1998 1999
IV I II
Gross domestic
product 8,984.5 9,092.7 9,171.7
Business (1) 7,598.0 7,688.5 7,751.5
Nonfarm (2) 7,517.2 7,608.9 7,674.6
Nonfarm less housing 6,793.2 6,871.8 6,928.0
Housing 724.0 737.1 746.6
Farm 80.9 79.6 76.9
Households and
institutions 391.8 395.8 402.8
Private households 14.1 13.2 12.7
Nonprofit institutions 377.7 382.5 390.1
General government (3) 994.7 1,008.4 1,017.4
Federal 301.5 307.3 307.1
State and local 693.2 701.1 710.3
Seasonally
adjusted at
annual rates
1999
III IV
Gross domestic
product 9,316.5 9,516.4
Business (1) 7,886.0 8,064.8
Nonfarm (2) 7,813.7 7,992.9
Nonfarm less housing 7,054.1 7,221.7
Housing 759.5 771.2
Farm 72.4 71.9
Households and
institutions 4,019 412.1
Private households 12.4 12.5
Nonprofit institutions 389.5 399.6
General government (3) 1,028.6 1,039.5
Federal 308.3 307.6
State and local 720.3 731.8
Seasonally adjusted at annual rates
2000
I II III IV
Gross domestic
product 9,649.5 9,820.7 9,874.8 9,953.6
Business (1) 8,164.3 8,313.0 8,352.3 8,416.1
Nonfarm (2) 8,090.8 8,232.7 8,274.6 8,336.4
Nonfarm less housing 7,306.8 7,441.3 7,472.0 7,523.4
Housing 784.0 791.4 802.6 813.0
Farm 73.5 80.3 77.8 79.7
Households and
institutions 420.9 426.2 435.4 441.8
Private households 13.6 13.7 13.6 13.4
Nonprofit institutions 407.4 412.5 421.8 428.4
General government (3) 1,064.3 1081.5 1,087.0 1,095.7
Federal 321.3 328.0 323.1 321.1
State and local 743.0 753.4 763.9 774.6
Seasonally adjusted at annual rates
2001
I II III IV
Gross domestic
product 10,028.1 10,049.9 10,097.7 10,152.9
Business (1) 8,461.6 8,459.5 8,484.6 8,625.2
Nonfarm (2) 8,382.3 8,379.9 8,402.7 8,443.7
Nonfarm less housing 75,671 7,549.3 7,566.4 7,601.5
Housing 815.2 830.6 836.3 842.1
Farm 79.3 79.7 81.9 81.6
Households and
institutions 449.2 457.7 465.1 466.6
Private households 12.9 12.3 11.6 10.7
Nonprofit institutions 436.2 445.3 453.5 455.9
General government (3) 1,117.4 1,132.6 1,148.0 1,161.1
Federal 330.5 332.7 333.7 334.3
State and local 786.8 800.0 814.3 826.8
Seasonally
adjusted at
annual rates
2002
I II
Gross domestic
product 10,313.1 10,369.9
Business (1) 8,656.2 8,694.1
Nonfarm (2) 8,567.6 8,623.6
Nonfarm less housing 7,712.8 7,747.1
Housing 854.8 876.5
Farm 88.6 70.4
Households and
institutions 472.5 481.1
Private households 10.5 10.7
Nonprofit institutions 462.0 470.5
General government (3) 1,184.4 1,194.8
Federal 350.1 353.2
State and local 834.3 841.5
(1.) Equals gross domestic product less gross product of households
and institutions and of general government.
(2.) Equals gross domestic business product less gross farm product.
(3.) Equals compensation of general government employees plus general
government consumption of fixed capital as shown in table 3.7.
Table 1.8. Real Gross Domestic Product by Sector
[Billions of chained (1996) dollars]
Line 1998 1999 2000 2001
Gross domestic
product 1 8,508.9 8,859.0 9,191.4 9,214.5
Business (1) 2 7,208.9 7,542.5 7,846.8 7,838.3
Nonfarm (2) 3 7,107.7 7,434.4 7,729.2 7,724.7
Nonfarm less housing 4 6,443.3 6,743.0 7,019.1 7,012.9
Housing 5 664.7 691.9 711.0 712.6
Farm 6 100.3 108.1 120.5 114.3
Households and
institutions 7 371.9 379.2 388.9 398.7
Private households 8 13.3 11.7 12.0 10.1
Nonprofit institutions 9 358.6 367.5 376.9 388.7
General government (3) 10 928.8 939.0 958.6 978.5
Federal 11 286.2 285.2 289.4 291.3
State and local 12 642.5 653.7 669.0 687.0
Residual 13 .0 -2.1 -6.5 -2.4
Seasonally adjusted
at annual rates
1998 1999
IV I II
Gross domestic
product 8,667.9 8,733.2 8,775.5
Business (1) 7,359.8 7,422.4 7,462.6
Nonfarm (2) 7,256.8 7,317.8 7,353.6
Nonfarm less housing 6,583.9 6,636.3 6,666.3
Housing 673.5 682.0 687.7
Farm 102.1 104.0 110.1
Households and
institutions 375.1 376.2 377.9
Private households 13.2 12.3 11.7
Nonprofit institutions 361.8 363.9 366.2
General government (3) 934.0 935.7 936.3
Federal 286.7 287.0 285.1
State and local 647.2 648.6 651.1
Residual -.5 -.9 -2.7
Seasonally
adjusted at
annual rates
1999
III IV
Gross domestic
product 8,886.9 9,040.1
Business (1) 7,568.7 7,716.3
Nonfarm (2) 7,460.4 7,605.8
Nonfarm less housing 6,764.8 6,904.6
Housing 696.0 701.9
Farm 108.0 110.3
Households and
institutions 379.7 382.8
Private households 11.4 11.4
Nonprofit institutions 368.3 371.4
General government (3) 940.3 943.6
Federal 284.8 283.8
State and local 655.3 659.7
Residual -1.7 -3.0
Seasonally adjusted at annual rates
2000
I II III IV
Gross domestic
product 9,097.4 9,205.7 9,218.7 9,243.8
Business (1) 7,761.8 7,860.1 7,872.8 7,892.5
Nonfarm (2) 7,645.7 7,742.6 7,752.4 7,776.1
Nonfarm less housing 6,940.4 7,035.1 7,040.2 7,060.7
Housing 706.2 708.6 713.2 716.2
Farm 118.9 120.3 124.6 118.2
Households and
institutions 386.1 387.5 389.5 392.2
Private households 12.2 12.1 12.0 11.7
Nonprofit institutions 373.9 375.5 377.6 380.6
General government (3) 952.0 960.9 959.5 962.0
Federal 287.6 293.7 288.8 287.7
State and local 664.3 667.1 670.6 674.2
Residual -6.1 -6.7 -8.3 -5.5
Seasonally adjusted at annual rates
2001
I II III IV
Gross domestic
product 9,229.9 9,193.1 9,186.4 9,248.8
Business (1) 7,869.2 7,821.3 7,803.4 7,859.4
Nonfarm (2) 7,755.0 7,710.8 7,693.9 7,739.2
Nonfarm less housing 7,044.4 6,994.0 6,980.8 7,032.2
Housing 711.6 717.1 713.5 708.3
Farm 114.9 109.5 108.3 124.4
Households and
institutions 394.9 398.6 400.4 401.0
Private households 11.1 10.6 9.8 9.0
Nonprofit institutions 383.9 388.1 390.6 392.0
General government (3) 988.0 974.3 982.9 988.9
Federal 290.6 291.1 291.6 292.0
State and local 677.2 683.0 691.0 696.5
Residual -3.8 -.3 .8 -5.6
Seasonally
adjusted at
annual rates
2002
I II
Gross domestic
product 9,363.2 9,387.9
Business (1) 7,966.9 7,985.1
Nonfarm (2) 7,849.1 7,870.4
Nonfarm less housing 7,140.4 7,148.2
Housing 710.9 723.1
Farm 119.8 114.6
Households and
institutions 403.4 406.2
Private households 8.7 8.8
Nonprofit institutions 394.8 397.5
General government (3) 994.3 997.8
Federal 294.3 295.6
State and local 699.7 701.8
Residual -5.4 -1.7
(1.) Equals gross domestic product less gross product of households
and institutions and of general government.
(2.) Equals gross domestic business product less gross farm product.
(3.) Equals compensation of general government employees plus general
government consumption of fixed capital as shown in table 3.8.
NOTE. Chained (1996) dollar series are calculated as the product of
the chain-type quantity index and the 1996 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.
Chain-type quantity indexes for the series in this table are shown in
table 7.14.
Table 1.9. Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income, and Personal Income
[Billions of dollars]
Line 1998 1999 2000
Gross domestic product 1 8,781.5 9,274.3 9,824.6
Plus: income receipts from
the rest of the world 2 286.1 316.9 383.4
Less: Income payments to
the rest of the world 3 289.6 294.1 360.0
Equals: Gross national
product 4 8,778.1 9,297.1 9,848.0
Less: Consumption of fixed
capital 5 1,072.0 1,145.2 1,228.9
Private 6 884.3 947.3 1,018.0
Capital consumption
allowances 7 905.6 985.6 1,037.1
Less: Capital
consumption
adjustment 8 21.3 38.3 19.1
Government 9 187.6 197.9 210.9
General government 10 160.1 168.6 179.5
Government enterprises 11 27.6 29.3 31.5
Equals: Net national product 12 7,706.1 8,151.9 8,619.1
Less: Indirect business tax
and nontax liability 13 681.3 712.9 753.6
Business transfer
payments 14 38.0 41.5 43.7
Statistical discrepancy 15 -31.0 -38.8 -128.5
Plus: Subsidies less current
surplus of government
enterprises 16 23.5 32.5 34.1
Equals: National income 17 7,041.4 7,468.7 7,984.4
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments 18 777.4 805.8 788.1
Net interest 19 511.9 526.6 611.5
Contributions for social
insurance 20 623.3 660.4 701.3
Wage accruals less
disbursements 21 -.7 5.2 .0
Plus: Personal interest
income 22 964.4 969.2 1,077.0
Personal dividend income 23 348.3 328.0 375.7
Government transfer
payments to persons 24 955.0 987.2 1,037.3
Business transfer
payments to persons 25 28.8 31.3 33.0
Equals: Personal income 26 7,426.0 7,786.5 8,406.6
Addenda:
Gross domestic income 27 8,812.5 9,313.1 9,953.1
Gross national income 28 8,809.1 9,335.8 9,976.5
Net domestic product 29 7,709.5 8,129.1 8,595.7
Seasonally adjusted
at annual rates
2001 1998 1999
IV I II
Gross domestic product 10,082.2 8,984.5 9,092.7 9,171.7
Plus: income receipts from
the rest of the world 316.9 282.7 291.4 305.3
Less: Income payments to
the rest of the world 295.0 291.8 271.4 281.1
Equals: Gross national
product 10,104.1 8,975.4 9,112.7 9,195.9
Less: Consumption of fixed
capital 1,329.3 1,097.4 1,113.8 1,131.2
Private 1,106.8 906.4 920.3 934.8
Capital consumption
allowances 1,168.4 933.2 955.6 976.8
Less: Capital
consumption
adjustment 61.6 26.7 35.3 42.0
Government 222.4 191.0 193.5 196.4
General government 187.7 162.8 164.9 167.4
Government enterprises 34.8 28.2 28.6 29.0
Equals: Net national product 8,774.8 7,878.0 7,998.8 8,064.7
Less: Indirect business tax
and nontax liability 774.8 703.9 697.8 706.6
Business transfer
payments 42.5 39.0 40.6 40.7
Statistical discrepancy -117.3 -33.6 -53.3 -56.2
Plus: Subsidies less current
surplus of government
enterprises 47.3 28.4 29.3 32.3
Equals: National income 8,122.0 7,197.0 7,343.1 7,405.9
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments 731.6 770.8 808.2 802.1
Net interest 649.8 525.5 509.9 519.4
Contributions for social
insurance 726.1 635.3 651.7 656.0
Wage accruals less
disbursements .0 -.7 5.2 5.2
Plus: Personal interest
income 1,091.3 974.2 948.8 960.8
Personal dividend income 409.2 346.3 331.7 323.4
Government transfer
payments to persons 1,137.0 959.8 976.6 983.7
Business transfer
payments to persons 33.4 29.3 30.7 31.1
Equals: Personal income 8,685.3 7,575.8 7,655.9 7,722.2
Addenda:
Gross domestic income 10,199.4 9,018.1 9,146.0 9,227.9
Gross national income 10,221.4 9,009.0 9,166.0 9,252.1
Net domestic product 8,752.9 7,887.1 7,978.9 8,040.5
Seasonally adjusted at annual rates
1999 2000
III IV I II
Gross domestic product 9,316.5 9,516.4 9,649.5 9,820.7
Plus: income receipts from
the rest of the world 324.7 345.9 365.2 390.5
Less: Income payments to
the rest of the world 307.6 316.3 344.2 364.7
Equals: Gross national
product 9,333.6 9,546.0 9,670.5 9,846.4
Less: Consumption of fixed
capital 1,164.1 1,171.5 1,194.7 1,218.2
Private 964.9 969.0 988.7 1,008.6
Capital consumption
allowances 1,001.2 1,008.7 1,020.0 1,030.7
Less: Capital
consumption
adjustment 36.3 39.7 31.3 22.1
Government 199.2 202.5 206.0 209.6
General government 169.8 172.6 175.5 178.4
Government enterprises 29.4 29.9 30.5 31.3
Equals: Net national product 8,169.5 8,374.5 8,475.8 8,628.2
Less: Indirect business tax
and nontax liability 717.1 730.3 745.1 750.3
Business transfer
payments 42.0 42.7 43.4 44.1
Statistical discrepancy -31.5 -14.1 -138.7 -86.8
Plus: Subsidies less current
surplus of government
enterprises 34.0 34.5 34.3 33.9
Equals: National income 7,475.9 7,650.1 7,860.2 7,954.5
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments 788.0 824.7 807.6 807.3
Net interest 530.4 546.8 571.3 611.1
Contributions for social
insurance 662.2 671.7 693.9 694.9
Wage accruals less
disbursements 5.2 5.2 .0 .0
Plus: Personal interest
income 971.5 995.8 1,028.7 1,074.3
Personal dividend income 324.0 333.1 350.8 369.3
Government transfer
payments to persons 990.6 997.7 1,011.9 1,032.5
Business transfer
payments to persons 31.5 32.0 32.9 33.0
Equals: Personal income 7,807.7 7,960.2 8,211.6 8,350.2
Addenda:
Gross domestic income 9,348.0 9,530.4 9,788.1 9,907.5
Gross national income 9,365.1 9,560.1 9,809.1 9,933.2
Net domestic product 8,152.4 8,344.8 8,454.8 8,602.5
Seasonally adjusted at annual rates
2000 2001
III IV I II
Gross domestic product 9,874.8 9,953.6 10,028.1 10,049.9
Plus: income receipts from
the rest of the world 383.5 394.4 364.2 332.5
Less: Income payments to
the rest of the world 365.8 365.2 354.3 301.4
Equals: Gross national
product 9,892.5 9,982.8 10,038.0 10,081.0
Less: Consumption of fixed
capital 1,240.8 1,261.9 1,281.7 1,315.0
Private 1,028.0 1,046.5 1,064.1 1,095.0
Capital consumption
allowances 1.042.3 1,055.5 1,070.2 1,091.2
Less: Capital
consumption
adjustment 14.2 9.0 6.1 -3.7
Government 212.8 215.4 217.6 220.0
General government 180.9 183.1 185.0 187.0
Government enterprises 31.8 32.3 32.6 33.1
Equals: Net national product 8,651.7 8,720.9 8,756.4 8,766.0
Less: Indirect business tax
and nontax liability 757.9 761.1 770.6 775.9
Business transfer
payments 43.5 43.6 42.1 42.5
Statistical discrepancy -164.0 -124.5 -105.7 -112.9
Plus: Subsidies less current
surplus of government
enterprises 34.0 34.2 42.8 49.7
Equals: National income 8,048.3 8,074.8 8,092.1 8,110.1
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments 787.7 749.7 706.5 721.4
Net interest 624.0 639.6 648.5 648.6
Contributions for social
insurance 705.7 710.6 725.0 726.4
Wage accruals less
disbursements .0 .0 .0 .0
Plus: Personal interest
income 1,094.6 1,110.3 1,108.4 1,097.2
Personal dividend income 385.7 397.2 402.5 406.0
Government transfer
payments to persons 1,043.6 1,061.0 1,102.3 1,126.0
Business transfer
payments to persons 33.1 33.2 32.7 33.2
Equals: Personal income 8,487.8 8,576.6 8,658.1 8,676.2
Addenda:
Gross domestic income 10,038.7 10,078.1 10,133.8 10,162.7
Gross national income 10,056.5 10,107.2 10,143.8 10,193.8
Net domestic product 8,634.0 8,691.7 8,746.4 8,734.8
Seasonally adjusted at annual rates
2001 2002
III IV I II
Gross domestic product 10,097.7 10,152.9 10,313.1 10,369.9
Plus: income receipts from
the rest of the world 302.0 269.0 264.7 ...
Less: Income payments to
the rest of the world 290.5 233.7 262.8 ...
Equals: Gross national
product 10,109.3 10,188.1 10,314.9 ...
Less: Consumption of fixed
capital 1,381.8 1,338.6 1,363.5 1,388.0
Private 1,153.8 1,114.4 1,136.9 1,159.4
Capital consumption
allowances 1,180.3 1,331.9 1,324.0 1,324.5
Less: Capital
consumption
adjustment 26.5 217.5 187.0 165.1
Government 227.9 224.2 226.5 228.6
General government 188.4 190.4 192.5 194.1
Government enterprises 39.6 33.8 34.0 34.4
Equals: Net national product 8,727.5 8,849.5 8,951.5 ...
Less: Indirect business tax
and nontax liability 772.7 779.9 786.2 793.5
Business transfer
payments 42.6 42.8 43.8 44.0
Statistical discrepancy -117.8 -132.6 -118.0 ...
Plus: Subsidies less current
surplus of government
enterprises 59.1 37.5 37.0 35.7
Equals: National income 8,089.1 8,196.8 8,276.5 ...
Less: Corporate profits with
inventory valuation and
capital consumption
adjustments 687.2 811.4 797.6 ...
Net interest 648.3 653.9 672.8 675.5
Contributions for social
insurance 727.4 725.8 741.4 746.7
Wage accruals less
disbursements .0 .0 .0 .0
Plus: Personal interest
income 1,086.4 1,072.9 1,069.9 1,085.2
Personal dividend income 411.0 417.3 423.7 430.3
Government transfer
payments to persons 1,148.9 1,171.0 1,217.4 1,245.2
Business transfer
payments to persons 33.6 34.0 34.6 34.9
Equals: Personal income 8,706.2 8,700.9 8,810.4 8,921.5
Addenda:
Gross domestic income 10,215.6 10,285.5 10,431.1 ...
Gross national income 10,227.1 10,320.7 10,432.9 ...
Net domestic product 8,716.0 8,814.3 8,949.6 8,981.9
Table 1.10. Relation of Real Gross Domestic Product, Real Gross
National Product, and Real Net National Product
[Billions of chained (1996) dollars]
Line 1998 1999 2000 2001
Gross domestic product 1 8,508.9 8,859.0 9,191.4 9,214.5
Plus: Income receipts from
the rest of the world 2 279.3 304.4 359.0 292.0
Less: Income payments to
the rest of the world 3 279.8 279.6 333.6 269.2
Equals: Gross national
product 4 8,508.4 8,883.7 9,216.2 9,237.3
Less: Consumption of fixed
capital 5 1,081.0 1,156.4 1,226.1 1,320.8
Private 6 894.7 962.2 1,024.0 1,110.7
Government 7 186.4 194.4 202.5 210.9
General government 8 159.6 166.4 173.3 179.2
Government enterprises 9 26.9 28.1 29.2 31.7
Equals: Net national
product 10 7,428.3 7,729.7 7,994.4 7,928.1
Addenda:
Gross domestic
income (1) 11 8,538.9 8,896.0 9,311.6 9,321.7
Gross national
income (2) 12 8,538.4 8,920.8 9,336.4 9,344.5
Net domestic product 13 7,428.8 7,705.0 7,969.7 7,905.4
Seasonally adjusted at annual rates
1998 1999
IV I II III IV
Gross domestic product 8,667.9 8,733.2 8,775.5 8,886.9 9,040.1
Plus: Income receipts from
the rest of the world 274.8 282.2 294.2 311.4 329.9
Less: Income payments to
the rest of the world 280.7 260.0 267.9 291.8 298.6
Equals: Gross national
product 8,662.0 8,755.5 8,801.8 8,906.4 9,071.1
Less: Consumption of fixed
capital 1,109.9 1,127.1 1,144.3 1,174.2 1,180.0
Private 920.7 935.9 951.1 979.0 982.7
Government 189.3 191.3 193.4 195.5 197.5
General government 162.0 163.7 165.5 167.3 169.0
Government enterprises 27.3 27.6 27.9 28.2 28.5
Equals: Net national
product 7,553.5 7,630.1 7,659.8 7,735.5 7,893.5
Addenda:
Gross domestic
income (1) 8,700.3 8,784.3 8,829.3 8,917.0 9,053.4
Gross national
income (2) 8,694.4 8,806.6 8,855.6 8,936.5 9,084.4
Net domestic product 7,559.3 7,607.8 7,633.7 7,716.2 7,862.7
Seasonally adjusted at annual rates
2000
I II III IV
Gross domestic product 9,097.4 9,205.7 9,218.7 9,243.8
Plus: Income receipts from
the rest of the world 344.6 366.7 358.1 366.6
Less: Income payments to
the rest of the world 321.8 338.8 337.9 335.9
Equals: Gross national
product 9,119.7 9,233.0 9,238.2 9,274.0
Less: Consumption of fixed
capital 1,198.4 1,217.0 1,235.4 1,253.6
Private 999.1 1,015.8 1,032.3 1,048.8
Government 199.6 201.6 203.5 205.2
General government 170.8 172.5 174.1 175.6
Government enterprises 28.8 29.1 29.4 29.6
Equals: Net national
product 7,924.4 8,019.4 8,007.6 8,026.1
Addenda:
Gross domestic
income (1) 9,228.2 9,287.0 9,371.7 9,359.4
Gross national
income (2) 9,250.5 9,314.4 9,391.3 9,389.6
Net domestic product 7,902.1 7,992.3 7,988.1 7,996.3
Seasonally adjusted at annual rates
2001
I II III IV
Gross domestic product 9,229.9 9,193.1 9,186.4 9,248.8
Plus: Income receipts from
the rest of the world 336.4 306.0 278.1 247.4
Less: Income payments to
the rest of the world 324.2 274.8 264.9 213.1
Equals: Gross national
product 9,241.7 9,224.3 9,199.8 9,283.5
Less: Consumption of fixed
capital 1,270.8 1,300.8 1,378.1 1,333.5
Private 1,064.6 1,093.0 1,163.0 1,122.2
Government 206.8 208.5 216.1 212.1
General government 177.0 178.4 179.9 181.5
Government enterprises 29.9 30.1 36.0 30.6
Equals: Net national
product 7,978.8 7,933.7 7,838.8 7,961.1
Addenda:
Gross domestic
income (1) 9,327.2 9,296.3 9,293.6 9,369.5
Gross national
income (2) 9,339.0 9,327.6 9,307.1 9,404.2
Net domestic product 7,967.1 7,902.6 7,825.3 7,926.7
Seasonally
adjusted at
annual rates
2002
I II
Gross domestic product 9,363.2 9,387.9
Plus: Income receipts from
the rest of the world 242.8 ...
Less: Income payments to
the rest of the world 239.2 ...
Equals: Gross national
product 9,367.5 ...
Less: Consumption of fixed
capital 1,357.9 1,388.0
Private 1,144.8 1,173.3
Government 214.0 215.8
General government 183.2 184.7
Government enterprises 30.9 31.1
Equals: Net national
product 8,022.0 ...
Addenda:
Gross domestic
income (1) 9,470.4 ...
Gross national
income (2) 9,474.7 ...
Net domestic product 8,017.7 8,015.1
(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.
NOTE. Except as noted in footnotes 1 and 2,
chained (1996) dollar series are calculated as the
product of the chain-type quantity index and the 1996
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 chain-type quantity index for gross national product
is shown in table 7.3.
Table 1.11. Command-Basis Real Gross National Product
[Billions of chained (1996) dollars]
Line 1998 1999 2000 2001
Gross national product 1 8,508.4 8,883.7 9,216.2 9,237.3
Less: Exports of goods and
services and income
receipts from the rest of
the world 2 1,281.6 1,341.6 1,498.9 1,366.5
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world (1) 3 1,336.1 1,390.1 1,516.6 1,410.0
Equals: Command-basis gross
national product 4 8,562.9 8,932.2 9,233.9 9,280.9
Addendum:
Terms of trade (2) 5 104.3 103.6 101.2 103.2
Seasonally adjusted at annual rates
1998 1999
IV I II III
Gross National product 8,662.0 8,755.5 8,801.8 8,906.4
Less: Exports of goods and
services and income
receipts from the rest of
the world 1,299.6 1,287.7 1,312.7 1,357.5
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world (1) 1,357.0 1,352.9 1,366.7 1,399.4
Equals: Command-basis gross
national product 8,719.3 8,820.7 8,855.9 8,948.3
Addendum:
Terms of trade (2) 104.4 105.1 104.1 103.1
Seasonally adjusted at annual rates
1999 2000
IV I II III
Gross National product 9,071.1 9,119.7 9,233.0 9,238.2
Less: Exports of goods and
services and income
receipts from the rest of
the world 1,408.4 1,443.3 1,503.9 1,525.3
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world (1) 1,441.4 1,464.6 1,528.2 1,539.0
Equals: Command-basis gross
national product 9,104.1 9,141.0 9,257.2 9,251.9
Addendum:
Terms of trade (2) 102.3 101.5 101.6 100.9
Seasonally adjusted at annual rates
2000 2001
IV I II III
Gross National product 9,274.5 9,241.7 9,224.3 9,199.8
Less: Exports of goods and
services and income
receipts from the rest of
the world 1,523.0 1,473.1 1,404.1 1,324.1
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world (1) 1,534.7 1,490.7 1,434.2 1,400.2
Equals: Command-basis gross
national product 9,285.7 9,259.4 9,254.4 9,275.9
Addendum:
Terms of trade (2) 100.8 101.2 102.1 105.7
Seasonally adjusted at annual rates
2001 2002
IV I II
Gross National product 9,283.5 9,367.5 ...
Less: Exports of goods and
services and income
receipts from the rest of
the world 1,264.7 1,268.0 ...
Plus: Command-basis exports
of goods and services and
income receipts from the
rest of the world (1) 1,314.9 1,321.2 ...
Equals: Command-basis gross
national product 9,333.7 9,420.6 ...
Addendum:
Terms of trade (2) 104.0 104.2 ...
(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 (1996) dollar series are calculated as the product
of the chain-type quantity index and the 1996 current-dollar
value of the corresponding series, divided by 100.
Because the formula for the chain-type quantity indexes uses
weights of more than one period, the corresponding chained-dollar
estimates are usually not additive.
Percent changes from preceding period for gross national product
are shown in table 8.1.
Chain-type quantity indexes for the series in this table are
shown in table 7.3.
Table 1.12. Net Domestic Product by Sector
[Billions of dollars]
Line 1998 1999 2000 2001
Net domestic product 1 7,709.5 8,129.1 8,595.7 8,752.9
Business (1) 2 6,506.1 6,871.2 7,262.0 7,341.2
Nonfarm (2) 3 6,452.8 6,824.9 7,212.8 7,290.0
Nonfarm less housing 4 5,876.6 6,212.7 6,563.3 6,620.6
Housing 5 576.2 612.2 649.5 669.4
Farm 6 53.3 46.3 49.2 51.2
Households and institutions 7 383.8 403.1 431.1 459.6
Private households 8 14.0 12.7 13.6 11.9
Nonprofit institutions 9 369.8 390.4 417.5 447.7
General government (3) 10 819.7 854.8 902.6 952.1
Federal 11 215.3 221.5 233.4 240.5
State and local 12 604.4 633.3 669.2 711.6
(1.) Equals net domestic product less net product of households and
institutions and of general government.
(2.) Equals net domestic business product less net farm product.
(3.) Equals compensation of general government employees as shown in
table 3.7.
Table 1.13. Real Net Domestic Product by Sector
[Billions of chained (1996) dollars]
Line 1998 1999 2000 2001
Net domestic product 1 7,428.8 7,705.0 7,969.7 7,905.4
Business (1) 2 6,288.1 6,554.5 6,797.3 6,706.6
Nonfarm (2) 3 6,213.7 6,474.4 6,707.2 6,621.2
Nonfarm less housing 4 5,671.4 5,911.1 6,125.3 6,045.1
Housing 5 542.5 563.4 582.2 576.3
Farm 6 73.5 80.9 97.9 89.5
Households and institutions 7 371.9 379.2 388.9 398.7
Private households 8 13.3 11.7 12.0 10.1
Nonprofit institutions 9 358.6 367.5 376.9 388.7
General government (3) 10 769.4 773.2 786.2 800.5
Federal 11 202.6 199.4 201.4 201.6
State and local 12 566.8 573.8 584.9 598.9
Residual 13 .1 -2.8 -10.9 -4.8
(1.) Equals net domestic product less net product of households
and institutions and of general government.
(2.) Equals net domestic business product less net farm product.
(3.) Equals compensation of general government employees as shown
in table 3.8.
NOTE. Chained (1996) dollar series are calculated as the product
of the chain-type quantity index and the 1996 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 1.14. National Income by Type of Income
[Billions of dollars]
Line 1998 1999 2000
National income 1 7,041.4 7,468.7 7,984.4
Compensation of employees 2 4,989.6 5,308.8 5,723.4
Wage and salary accruals 3 4,192.1 4,475.6 4,836.3
Government 4 692.7 724.2 768.9
Other 5 3,499.4 3,751.4 4,067.4
Supplements to wages and
salaries 6 797.5 833.2 887.1
Employer contributions for
social insurance 7 306.9 323.0 342.9
Other labor income 8 490.6 510.2 544.2
Proprietors' income with
inventory valuation and
capital consumption
adjustments 9 623.8 678.4 714.8
Farm 10 25.6 27.7 22.6
Proprietors' income with
Inventory valuation
adjustment 11 33.1 35.8 30.2
Capital consumption
adjustment 12 -7.5 -8.0 -7.6
Nonfarm 13 598.2 650.7 692.2
Proprietors' income 14 547.6 589.6 621.2
inventory valuation
adjustment 15 1.2 -.9 -1.6
Capital consumption
adjustment 16 49.4 62.0 72.6
Rental income of persons with
capital consumption adjustment 17 138.6 149.1 146.6
Rental Income of persons 18 190.3 206.8 206.0
Capital consumption adjustment 19 -51.7 -57.6 -60.0
Corporate profits with inventory
valuation and capital
consumption adjustments 20 777.4 805.8 788.1
Corporate profits with
inventory valuation
adjustment 21 739.4 757.9 767.3
Profits before tax 22 721.1 762.1 782.3
Profits tax liability 23 238.8 247.8 259.4
Profits after tax 24 482.3 514.3 522.9
Dividends 25 348.7 328.4 376.1
Undistributed profits 26 133.6 185.9 146.8
Inventory valuation
adjustment 27 18.3 -4.2 -15.0
Capital consumption adjustment 28 38.0 47.9 20.8
Net interest 29 511.9 526.6 611.5
Addenda:
Corporate profits after tax
with inventory valuation
and capital consumption
adjustments 30 538.6 558.0 528.7
Net cash flow with inventory
valuation and capital
consumption adjustments 31 810.0 895.0 873.7
Undistributed profits with
inventory valuation and
capital consumption
adjustments 32 189.9 229.6 152.6
Consumption of fixed capital 33 620.2 665.5 721.1
Less: Inventory valuation
adjustment 34 18.3 -4.2 -15.0
Equals: Net cash flow 35 791.7 899.3 888.7
Seasonally adjusted at
annual rates
1998 1999
2001 IV I II
National income 8,122.0 7,197.0 7,343.1 7,405.9
Compensation of employees 5,874.9 5,110.5 5,216.8 5,260.3
Wage and salary accruals 4,950.6 4,299.8 4,395.0 4,432.0
Government 810.8 704.6 713.3 719.3
Other 4,139.8 3,595.3 3,681.7 3,712.7
Supplements to wages and
salaries 924.3 810.6 821.9 828.3
Employer contributions for
social insurance 353.9 312.9 319.3 321.0
Other labor income 570.4 497.7 502.6 507.3
Proprietors' income with
inventory valuation and
capital consumption
adjustments 727.9 643.8 659.3 674.2
Farm 19.0 27.9 30.1 29.7
Proprietors' income with
inventory valuation
adjustment 26.7 35.6 37.9 37.5
Capital consumption
adjustment -7.7 -7.6 -7.8 -7.8
Nonfarm 708.8 615.8 629.2 644.5
Proprietors' income 621.6 562.4 572.3 585.5
inventory valuation
adjustment .9 1.3 1.1 -1.1
Capital consumption
adjustment 86.3 52.1 55.8 60.1
Rental income of persons with
capital consumption adjustment 137.9 146.5 148.9 149.9
Rental Income of persons 204.4 199.0 203.0 205.9
Capital consumption adjustment -66.5 -52.5 -54.1 -56.0
Corporate profits with inventory
valuation and capital
consumption adjustments 731.6 770.8 808.2 802.1
Corporate profits with
inventory valuation
adjustment 675.1 729.2 760.5 750.5
Profits before tax 670.2 706.3 744.4 752.9
Profits tax liability 199.3 234.1 243.1 246.0
Profits after tax 470.9 472.2 501.3 506.9
Dividends 409.6 346.7 332.0 323.7
Undistributed profits 61.2 125.5 169.2 183.2
Inventory valuation
adjustment 5.0 22.9 16.0 -2.5
Capital consumption adjustment 56.5 41.7 47.8 51.6
Net interest 649.8 525.5 509.9 519.4
Addenda:
Corporate profits after tax
with inventory valuation
and capital consumption
adjustments 532.3 536.8 565.1 556.0
Net cash flow with inventory
valuation and capital
consumption adjustments 911.8 826.2 879.4 889.4
Undistributed profits with
inventory valuation and
capital consumption
adjustments 122.7 190.1 233.1 232.3
Consumption of fixed capital 789.1 636.2 646.4 657.1
Less: Inventory valuation
adjustment 5.0 22.9 16.0 -2.5
Equals: Net cash flow 906.8 803.3 863.4 891.9
Seasonally adjusted at annual rates
1999 2000
III IV I II
National income 7,475.9 7,650.1 7,860.2 7,954.5
Compensation of employees 5,329.0 5,429.1 5,627.3 5,670.5
Wage and salary accruals 4,492.7 4,582.7 4,757.4 4,790.8
Government 727.7 736.4 756.2 769.3
Other 3,765.0 3,846.3 4,001.2 4,021.5
Supplements to wages and
salaries 836.3 846.4 869.9 879.6
Employer contributions for
social insurance 323.6 328.1 339.4 339.6
Other labor income 512.6 518.3 530.5 540.0
Proprietors' income with
inventory valuation and
capital consumption
adjustments 682.7 697.4 702.5 718.8
Farm 25.7 25.4 22.3 25.0
Proprietors' income with
inventory valuation
adjustment 34.5 33.2 30.1 32.7
Capital consumption
adjustment -8.8 -7.8 -7.7 -7.7
Nonfarm 657.0 672.0 680.2 693.8
Proprietors' income 594.7 605.7 612.1 622.8
inventory valuation
adjustment -1.9 -1.7 -2.8 -1.7
Capital consumption
adjustment 64.2 68.0 70.8 72.6
Rental income of persons with
capital consumption adjustment 145.8 152.0 151.4 146.7
Rental Income of persons 207.7 210.5 210.5 206.3
Capital consumption adjustment -61.9 -58.5 -59.1 -59.6
Corporate profits with inventory
valuation and capital
consumption adjustments 788.0 824.7 807.6 807.3
Corporate profits with
inventory valuation
adjustment 739.6 781.0 774.3 784.2
Profits before tax 753.4 797.6 796.9 800.5
Profits tax liability 246.3 255.7 270.8 267.3
Profits after tax 507.1 542.0 526.1 533.3
Dividends 324.3 333.5 351.1 369.7
Undistributed profits 182.8 208.5 174.9 163.6
Inventory valuation
adjustment -13.8 -16.6 -22.6 -16.4
Capital consumption adjustment 48.5 43.7 33.4 23.1
Net interest 530.4 546.8 571.3 611.1
Addenda:
Corporate profits after tax
with inventory valuation
and capital consumption
adjustments 541.7 569.1 536.8 540.0
Net cash flow with inventory
valuation and capital
consumption adjustments 892.3 918.9 884.3 884.4
Undistributed profits with
inventory valuation and
capital consumption
adjustments 217.4 235.6 185.7 1704.0
Consumption of fixed capital 675.0 683.4 698.6 714.1
Less: Inventory valuation
adjustment -13.8 -16.6 -22.6 -16.4
Equals: Net cash flow 906.2 935.6 906.9 900.8
Seasonally adjusted at annual rates
2000 2001
III IV I II
National income 8,048.3 8,074.8 8,092.1 8,110.1
Compensation of employees 5,773.1 5,822.7 5,878.9 5,879.3
Wage and salary accruals 4,879.3 4,917.8 4,960.4 4,956.9
Government 772.4 777.9 795.2 805.8
Other 4,106.9 4,139.9 4,165.2 4,151.0
Supplements to wages and
salaries 893.8 904.9 918.5 922.4
Employer contributions for
social insurance 345.1 347.5 353.8 354.2
Other labor income 548.7 557.4 564.7 568.2
Proprietors' income with
inventory valuation and
capital consumption
adjustments 718.6 719.3 721.2 726.6
Farm 21.7 21.2 19.3 18.4
Proprietors' income with
inventory valuation
adjustment 29.3 28.8 26.8 26.0
Capital consumption
adjustment -7.6 -7.5 -7.5 -7.6
Nonfarm 696.9 698.1 701.9 708.2
Proprietors' income 624.3 625.5 629.0 634.7
inventory valuation
adjustment -.8 -1.1 -.7 -.7
Capital consumption
adjustment 73.4 73.6 73.7 74.2
Rental income of persons with
capital consumption adjustment 144.9 143.5 137.0 134.3
Rental Income of persons 205.0 204.6 199.4 204.8
Capital consumption adjustment -60.2 -61.1 -62.3 -70.5
Corporate profits with inventory
valuation and capital
consumption adjustments 787.7 749.7 706.5 721.4
Corporate profits with
inventory valuation
adjustment 772.3 738.6 696.9 714.0
Profits before tax 780.6 751.1 707.0 720.2
Profits tax liability 257.4 241.9 217.3 213.1
Profits after tax 523.2 509.2 489.7 507.1
Dividends 386.1 397.6 402.9 406.5
Undistributed profits 137.1 111.6 86.8 100.7
Inventory valuation
adjustment -8.3 -12.5 -10.1 -6.2
Capital consumption adjustment 15.4 11.1 9.6 7.3
Net interest 624.0 639.6 648.5 648.6
Addenda:
Corporate profits after tax
with inventory valuation
and capital consumption
adjustments 530.3 507.8 489.2 508.3
Net cash flow with inventory
valuation and capital
consumption adjustments 873.1 853.0 842.1 874.2
Undistributed profits with
inventory valuation and
capital consumption
adjustments 144.2 110.2 86.3 101.9
Consumption of fixed capital 728.9 742.8 755.9 772.3
Less: Inventory valuation
adjustment -8.3 -12.5 -10.1 -6.2
Equals: Net cash flow 881.4 865.5 852.3 880.3
Seasonally adjusted at annual rates
2001 2002
III IV I II
National income 8,089.1 8,196.8 8,276.5 ...
Compensation of employees 5,880.4 5,860.9 5,916.4 5,967.8
Wage and salary accruals 4,953.7 4,931.4 4,965.2 5,001.3
Government 817.1 825.2 840.4 848.2
Other 4,136.6 4,106.2 4,124.8 4,153.1
Supplements to wages and
salaries 926.7 929.4 951.2 966.5
Employer contributions for
social insurance 354.3 353.2 360.5 362.9
Other labor income 572.4 576.3 590.8 603.6
Proprietors' income with
inventory valuation and
capital consumption
adjustments 732.4 731.3 748.4 750.2
Farm 19.3 19.2 21.7 8.6
Proprietors' income with
inventory valuation
adjustment 27.0 27.1 30.0 17.2
Capital consumption
adjustment -7.7 -7.8 -8.2 -8.6
Nonfarm 713.1 712.1 726.7 741.6
Proprietors' income 628.8 594.1 612.5 627.5
inventory valuation
adjustment 1.5 3.6 -.2 -1.0
Capital consumption
adjustment 82.8 114.3 114.4 115.1
Rental income of persons with
capital consumption adjustment 140.8 139.3 141.3 154.6
Rental Income of persons 206.5 206.9 209.1 222.0
Capital consumption adjustment -65.6 -67.6 -67.8 -67.4
Corporate profits with inventory
valuation and capital
consumption adjustments 687.2 811.4 797.6 ...
Corporate profits with
inventory valuation
adjustment 663.2 626.3 641.3 ...
Profits before tax 654.3 599.1 639.4 ...
Profits tax liability 196.2 170.6 202.4 ...
Profits after tax 458.1 428.5 437.0 ...
Dividends 411.4 417.7 424.2 430.8
Undistributed profits 46.7 10.8 12.8 ...
Inventory valuation
adjustment 8.9 27.2 1.9 ...
Capital consumption adjustment 23.9 185.1 156.3 134.9
Net interest 648.3 653.9 672.8 675.5
Addenda:
Corporate profits after tax
with inventory valuation
and capital consumption
adjustments 490.9 640.8 595.2 ...
Net cash flow with inventory
valuation and capital
consumption adjustments 915.1 1,015.6 979.3 ...
Undistributed profits with
inventory valuation and
capital consumption
adjustments 79.5 223.0 171.0 ...
Consumption of fixed capital 835.6 792.6 808.3 824.1
Less: Inventory valuation
adjustment 8.9 27.2 1.9 ...
Equals: Net cash flow 906.2 988.4 977.4 ...
Table 1.15. National Income by Sector, Legal Form of Organization,
and Type of Income
[Billions of dollars]
Line 1998 1999
National Income 1 7,041.4 7,468.7
Domestic business 2 5,841.3 6,188.0
Corporate business 3 4,215.1 4,454.3
Compensation of employees 4 3,358.0 3,594.1
Wage and salary accruals 5 2,870.3 3,082.2
Supplements to wages and salaries 6 487.8 511.9
Corporate profits with inventory
valuation and capital consumption
adjustments 7 675.2 685.5
Profits before tax 8 618.8 641.9
Inventory valuation adjustment 9 18.3 -4.2
Capital consumption adjustment 10 38.0 47.9
Net interest 11 182.0 174.7
Sole proprietorships and partnerships 12 1,044.3 1,116.4
Compensation of employees 13 319.4 343.9
Wage and salary accruals 14 284.9 307.0
Supplements to wages and salaries 15 34.4 36.9
Proprietors' income with inventory
valuation and capital consumption
adjustments 16 620.8 675.6
Farm 17 25.6 27.7
Proprietors' income with
inventory valuation adjustment 18 33.1 35.8
Capital consumption adjustment 19 -7.5 -8.0
Nonfarm 20 595.2 647.9
Proprietors' income 21 543.9 586.2
Inventory valuation adjustment 22 1.2 -.9
Capital consumption adjustment 23 50.0 62.6
Net interest 24 104.2 96.9
Other private business 25 486.5 518.9
Compensation of employees 26 18.5 20.2
Wage and salary accruals 27 16.4 17.9
Supplements to wages and salaries 28 2.1 2.2
Proprietors' income with inventory
valuation and capital
consumption adjustments 29 3.1 2.8
Proprietors' income with inventory
valuation adjustment 30 3.7 3.3
Capital consumption adjustment 31 -.6 -.6
Rental income of persons with
capital consumption adjustment 32 138.8 149.1
Rental income of persons 33 190.3 206.8
Capital consumption adjustment 34 -51.7 -57.6
Net interest 35 326.3 346.8
Government enterprises 36 95.4 98.4
Compensation of employees 37 95.4 98.4
Wage and salary accruals 38 69.7 72.1
Supplements to wages and salaries 39 25.6 26.4
Households and Institutions 40 383.8 403.1
Compensation of employees 41 383.8 403.1
Wage and salary accruals 42 332.7 350.0
Supplements to wages and salaries 43 51.1 53.1
General government 44 819.7 854.8
Compensation of employees 45 819.7 854.8
Wage and salary accruals 46 623.0 652.1
Supplements to wages and salaries 47 196.7 202.7
Rest of the world 48 -3.4 22.7
Compensation of employees 49 -5.0 -5.7
Corporate profits 50 102.3 120.2
Net interest 51 -100.7 -91.7
Addenda:
Domestic income (1-48) 52 7,044.8 7,446.0
Compensation of employees
(4 13 26 37 41 45) 53 4,994.6 5,314.5
Proprietors' income with inventory
valuation and capital consumption
adjustments (16 29) 54 623.8 678.4
Rental income of persons with
capital consumption
adjustment (32) 55 138.6 149.1
Corporate profits with inventory
valuation and capital consumption
adjustments (7) 56 675.2 685.5
Net interest (11 24 35) 57 612.5 618.4
2000 2001
National Income 7,984.4 8,122.0
Domestic business 6,627.3 6,688.4
Corporate business 4,778.4 4,762.7
Compensation of employees 3,893.9 3,945.6
Wage and salary accruals 3,343.9 3,378.6
Supplements to wages and salaries 549.9 567.0
Corporate profits with inventory
valuation and capital consumption
adjustments 644.8 580.9
Profits before tax 639.0 519.4
Inventory valuation adjustment -15.0 5.0
Capital consumption adjustment 20.8 56.5
Net interest 239.7 236.3
Sole proprietorships and partnerships 1,191.7 1,248.3
Compensation of employees 375.2 391.3
Wage and salary accruals 335.4 349.2
Supplements to wages and salaries 39.8 42.1
Proprietors' income with inventory
valuation and capital consumption
adjustments 712.0 725.1
Farm 22.6 19.0
Proprietors' income with
inventory valuation adjustment 30.2 26.7
Capital consumption adjustment -7.6 -7.7
Nonfarm 689.5 706.1
Proprietors' income 617.9 618.3
Inventory valuation adjustment -1.6 .9
Capital consumption adjustment 73.2 86.8
Net interest 104.5 131.8
Other private business 552.6 567.4
Compensation of employees 21.9 22.4
Wage and salary accruals 19.4 19.8
Supplements to wages and salaries 2.4 2.5
Proprietors' income with inventory
valuation and capital
consumption adjustments 2.8 2.7
Proprietors' income with inventory
valuation adjustment 3.3 3.3
Capital consumption adjustment -.6 -.6
Rental income of persons with
capital consumption adjustment 146.6 137.9
Rental income of persons 206.6 204.4
Capital consumption adjustment -60.0 -66.5
Net interest 381.3 404.4
Government enterprises 104.6 110.0
Compensation of employees 104.6 110.0
Wage and salary accruals 77.0 80.6
Supplements to wages and salaries 27.6 29.5
Households and Institutions 431.1 459.6
Compensation of employees 431.1 459.6
Wage and salary accruals 374.5 398.3
Supplements to wages and salaries 56.6 61.3
General government 902.6 952.1
Compensation of employees 902.6 952.1
Wage and salary accruals 691.9 730.3
Supplements to wages and salaries 210.7 221.8
Rest of the world 23.4 21.9
Compensation of employees -5.9 -6.2
Corporate profits 143.3 150.8
Net interest -114.1 -122.6
Addenda:
Domestic income (1-48) 7,961.0 8,100.1
Compensation of employees
(4 13 26 37 41 45) 5,729.3 5,881.0
Proprietors' income with inventory
valuation and capital consumption
adjustments (16 29) 714.8 727.9
Rental income of persons with
capital consumption
adjustment (32) 146.6 137.9
Corporate profits with inventory
valuation and capital consumption
adjustments (7) 644.8 580.9
Net interest (11 24 35) 725.6 772.5
Table 1.16. Gross Product of Corporate Business in Current
Dollars and Gross Product of Nonfinancial Corporate Business
in Current and Chained Dollars
Line 1998 1999 2000
Billions of dollars
Gross product of corporate
business 1 5,329.6 5,637.4 6,049.4
Consumption of fixed capital 2 620.2 665.5 721.1
Net product 3 4,709.5 4,972.0 5,328.3
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 4 494.3 517.7 550.0
Domestic income 5 4215.1 4,454.3 4,778.4
Compensation of employees 6 3358.0 3,594.1 3,893.9
Wage and salary accruals 7 2870.3 3,082.2 3,343.9
Supplements to wages and
salaries 8 487.6 511.9 549.9
Corporate profits with
inventory valuation and
capital consumption
adjustments 9 675.2 685.5 644.8
Profits before tax 10 618.8 641.9 639.0
Profits tax liability 11 238.8 247.8 259.4
Profits after tax 12 380.0 394.1 379.6
Dividends 13 3092.2 299.6 349.5
Undistributed
profits 14 70.8 94.5 30.1
Inventory valuation
adjustment 15 18.3 -4.2 -15.0
Capital consumption
adjustment 16 38.0 47.9 20.8
Net interest 17 182.0 174.7 239.7
Gross product of financial
corporate business 16 622.6 656.4 754.4
Gross product of
nonfinancial corporate
business 19 4,707.1 4,981.0 5,295.0
Consumption of fixed capital 20 523.1 556.0 599.4
Net product 21 4,183.9 4,424.9 4,695.6
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 22 457.4 478.4 508.9
Domestic income 23 3,726.5 3,946.5 4,186.6
Compensation of employees 24 3,058.0 3,272.0 3,542.1
Wage and salary accruals 25 2,612.6 2,804.7 3,040.1
Supplements to wages and
salaries 26 445.4 467.2 502.0
Corporate profits with
inventory valuation and
capital consumption
adjustments 27 530.7 518.5 461.8
Profits before tax 28 460.4 460.1 437.9
Profits tax liability 29 154.6 166.9 172.4
Profits after tax 30 305.8 293.2 265.5
Dividends 31 242.2 239.2 259.6
Undistributed
profits 32 63.6 54.0 5.9
Inventory valuation
adjustment 33 18.3 -4.2 -15.0
Capital consumption
adjustment 34 52.0 62.6 38.8
Net interest 35 137.7 156.1 182.7
Billions of chained (1996) dollars
Gross product of
nonfinancial
corporate business (1) 36 4,658.1 4,896.3 5,075.7
Consumption of fixed
capital (2) 37 533.8 574.5 616.7
Net product (3) 38 4,124.3 4,321.8 4,459.0
Seasonally adjusted at
annual rates
2001 1998 1999
IV I II
Billions of dollars
Gross product of corporate
business 6,117.5 5,456.9 5,548.9 5,583.9
Consumption of fixed capital 789.1 636.2 646.4 657.1
Net product 5,328.4 4,820.7 4,902.5 4,926.8
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 565.7 512.0 506.1 512.0
Domestic income 4,762.7 4,308.7 4,396.5 4,414.7
Compensation of employees 3,945.6 3,448.2 3,529.8 3,559.2
Wage and salary accruals 3,378.6 2,950.6 3,024.9 3,050.4
Supplements to wages and
salaries 567.0 497.6 504.9 508.8
Corporate profits with
inventory valuation and
capital consumption
adjustments 580.9 670.1 694.9 686.6
Profits before tax 519.4 605.6 631.0 637.4
Profits tax liability 199.3 234.1 243.1 246.0
Profits after tax 320.1 371.5 387.9 391.4
Dividends 383.1 314.1 316.9 301.1
Undistributed
profits -63.0 57.4 71.0 90.3
Inventory valuation
adjustment 5.0 22.9 16.0 -2.5
Capital consumption
adjustment 56.5 41.7 47.8 51.6
Net interest 236.3 190.4 171.9 169.0
Gross product of financial
corporate business 763.3 639.5 649.0 638.8
Gross product of
nonfinancial corporate
business 5,354.2 4,817.4 4,899.9 4,945.1
Consumption of fixed capital 652.8 5352.2 542.2 549.6
Net product 4,701.4 4,282.2 4,357.7 4,395.6
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 523.7 473.8 467.6 473.1
Domestic income 4,177.7 3,808.4 3,890.1 3,922.5
Compensation of employees 3,573.5 3,135.0 3,213.4 3,240.2
Wage and salary accruals 3,056.4 2,682.2 2,752.5 2,775.8
Supplements to wages and
salaries 517.1 452.9 460.9 464.5
Corporate profits with
inventory valuation and
capital consumption
adjustments 407.4 527.2 532.8 530.6
Profits before tax 328.8 450.1 455.9 467.2
Profits tax liability 123.5 151.2 165.5 169.9
Profits after tax 205.3 298.9 290.4 297.4
Dividends 278.5 246.5 254.7 242.8
Undistributed
profits -73.2 52.4 35.6 54.6
Inventory valuation
adjustment 5.0 22.9 16.0 -2.5
Capital consumption
adjustment 73.6 54.2 60.9 65.8
Net interest 196.8 146.1 143.9 151.6
Billions of chained (1996) dollars
Gross product of
nonfinancial
corporate business (1) 5,048.7 4,760.7 4,832.8 4,870.2
Consumption of fixed
capital (2) 671.9 550.0 558.9 567.9
Net product (3) 4,376.8 4,210.7 4,273.9 4,302.3
Seasonally adjusted at annual rates
1999 2000
III IV I II
Billions of dollars
Gross product of corporate
business 5,649.8 5,767.0 5,963.8 6,016.9
Consumption of fixed capital 675.0 683.4 698.6 714.1
Net product 4,974.8 5,083.7 5,265.2 5,302.8
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 522.0 530.7 544.0 547.2
Domestic income 4,452.8 4,553.0 4,721.2 4,755.6
Compensation of employees 3,607.1 3,680.2 3,828.8 3,851.6
Wage and salary accruals 3,093.4 3,160.2 3,289.5 3,306.3
Supplements to wages and
salaries 513.7 520.0 539.3 545.3
Corporate profits with
inventory valuation and
capital consumption
adjustments 672.5 688.3 676.1 665.9
Profits before tax 637.9 661.2 665.3 659.1
Profits tax liability 246.3 255.7 270.8 267.3
Profits after tax 391.6 405.5 394.5 391.8
Dividends 282.0 298.3 328.8 334.4
Undistributed
profits 109.5 107.1 65.7 57.5
Inventory valuation
adjustment -13.8 -16.6 -22.6 -16.4
Capital consumption
adjustment 48.5 43.7 33.4 23.1
Net interest 173.2 184.5 216.3 238.1
Gross product of financial
corporate business 654.8 682.8 735.1 741.8
Gross product of
nonfinancial corporate
business 4,995.0 5,084.2 5,228.7 5,275.1
Consumption of fixed capital 564.0 569.1 581.2 593.7
Net product 4,431.1 4,515.1 4,647.5 4,681.4
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 482.4 490.4 503.2 506.3
Domestic income 3,948.7 4,024.7 4,144.3 4,175.1
Compensation of employees 3,283.8 3,350.4 3,482.9 3,503.6
Wage and salary accruals 2,814.9 2,875.7 2,990.6 3,005.9
Supplements to wages and
salaries 469.0 474.7 492.3 497.8
Corporate profits with
inventory valuation and
capital consumption
adjustments 504.6 505.9 490.9 490.1
Profits before tax 454.7 462.8 463.6 466.0
Profits tax liability 164.9 167.3 183.8 183.6
Profits after tax 289.8 295.4 279.8 282.5
Dividends 225.3 234.0 252.3 250.4
Undistributed
profits 64.5 61.4 27.6 32.1
Inventory valuation
adjustment -13.8 -16.6 -22.6 -16.4
Capital consumption
adjustment 63.7 59.8 49.9 40.4
Net interest 160.2 168.5 170.5 181.4
Billions of chained (1996) dollars
Gross product of
nonfinancial
corporate business (1) 4,909.6 4,972.7 5,065.2 5,063.2
Consumption of fixed
capital (2) 582.7 588.4 599.5 611.1
Net product (3) 4,326.9 4,384.3 4,465.7 4,452.0
Seasonally adjusted at annual rates
2000 2001
III IV I II
Billions of dollars
Gross product of corporate
business 6,103.4 6,113.7 6,106.5 6,102.9
Consumption of fixed capital 728.9 742.8 755.9 772.3
Net product 5,374.5 5,370.8 5,350.6 5,330.6
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 551.5 557.1 564.8 571.3
Domestic income 4,822.9 4,813.7 4,785.8 4,759.3
Compensation of employees 3,930.4 3,964.6 3,962.7 3,953.6
Wage and salary accruals 3,376.3 3,403.6 3,399.2 3,387.7
Supplements to wages and
salaries 554.1 561.0 563.5 565.9
Corporate profits with
inventory valuation and
capital consumption
adjustments 642.3 594.8 570.4 560.9
Profits before tax 635.2 596.2 570.9 559.8
Profits tax liability 257.4 241.9 217.3 213.1
Profits after tax 377.8 354.2 353.6 346.7
Dividends 362.9 371.9 381.2 369.2
Undistributed
profits 14.9 -17.7 -27.6 -22.5
Inventory valuation
adjustment -8.3 -12.5 -10.1 -6.2
Capital consumption
adjustment 15.4 11.1 9.6 7.3
Net interest 250.2 254.3 252.7 244.8
Gross product of financial
corporate business 767.9 773.0 787.9 762.1
Gross product of
nonfinancial corporate
business 5,335.5 5,340.7 5,318.6 5,340.9
Consumption of fixed capital 605.8 617.1 627.6 641.6
Net product 4,729.7 4,723.6 4,691.0 4,699.3
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 510.5 515.8 523.3 529.3
Domestic income 4,219.2 4,207.8 4,167.7 4,170.0
Compensation of employees 3,575.3 3,606.4 3,589.0 3,580.7
Wage and salary accruals 3,069.5 3,094.3 3,075.1 3,064.7
Supplements to wages and
salaries 505.8 512.1 513.9 516.0
Corporate profits with
inventory valuation and
capital consumption
adjustments 456.2 410.0 384.3 393.1
Profits before tax 430.7 391.3 362.8 368.2
Profits tax liability 169.1 153.2 134.3 136.2
Profits after tax 261.6 238.1 228.4 232.0
Dividends 266.3 269.7 276.7 268.3
Undistributed
profits -4.6 -31.6 -48.3 -36.3
Inventory valuation
adjustment -8.3 -12.5 -10.1 -6.2
Capital consumption
adjustment 33.9 31.3 31.7 31.1
Net interest 187.7 191.3 194.4 196.1
Billions of chained (1996) dollars
Gross product of
nonfinancial
corporate business (1) 5,095.3 5,079.1 5,037.6 5,032.2
Consumption of fixed
capital (2) 622.6 633.7 644.6 659.3
Net product (3) 4,472.8 4,445.5 4,393.0 4,372.9
Seasonally adjusted at annual rates
2001 2002
III IV I II
Billions of dollars
Gross product of corporate
business 6,107.2 6,153.4 6,255.8 ...
Consumption of fixed capital 835.6 792.6 808.3 824.1
Net product 5,271.6 5,360.8 5,447.5 ...
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 549.9 576.7 582.1 587.3
Domestic income 4,721.7 4,784.1 4,865.4 ...
Compensation of employees 3,944.5 3,921.6 3,978.2 3,983.1
Wage and salary accruals 3,376.0 3,351.4 3,366.7 3,389.8
Supplements to wages and
salaries 568.5 570.2 581.5 593.3
Corporate profits with
inventory valuation and
capital consumption
adjustments 545.3 646.7 665.6 ...
Profits before tax 512.5 434.4 507.4 ...
Profits tax liability 196.2 170.6 202.4 ...
Profits after tax 316.3 263.8 305.0 ...
Dividends 390.0 391.9 402.8 ...
Undistributed
profits -73.9 -128.1 -97.9 ...
Inventory valuation
adjustment 8.9 27.2 1.9 ...
Capital consumption
adjustment 23.9 185.1 156.3 134.9
Net interest 231.8 215.8 251.6 ...
Gross product of financial
corporate business 741.5 761.8 826.1 ...
Gross product of
nonfinancial corporate
business 5,365.7 5,391.6 5,429.7 ...
Consumption of fixed capital 684.9 657.0 670.7 684.0
Net product 4,680.8 4,734.6 4,759.0 ...
Indirect business tax and
nontax liability plus
business transfer payments
less subsidies 508.0 534.3 539.3 544.1
Domestic income 4,172.8 4,200.3 4,219.8 ...
Compensation of employees 3,572.5 3,551.8 3,576.0 3,607.6
Wage and salary accruals 3,054.1 3,031.8 3,045.7 3,066.5
Supplements to wages and
salaries 518.4 520.0 530.3 541.0
Corporate profits with
inventory valuation and
capital consumption
adjustments 403.0 449.0 452.4 ...
Profits before tax 349.8 234.3 289.2 ...
Profits tax liability 129.4 94.0 119.8 ...
Profits after tax 220.4 140.3 169.5 ...
Dividends 283.8 285.2 293.1 ...
Undistributed
profits -63.4 -144.9 -123.6 ...
Inventory valuation
adjustment 8.9 27.2 1.9 ...
Capital consumption
adjustment 44.3 187.4 161.3 141.7
Net interest 197.3 199.5 191.4 ...
Billions of chained (1996) dollars
Gross product of
nonfinancial
corporate business (1) 5,029.0 5,096.1 5,142.7 ...
Consumption of fixed
capital (2) 702.9 681.0 695.2 715.8
Net product (3) 4,326.1 4,415.1 4,447.5 ...
(1.) Effective with the estimates scheduled for release on
November 26 2002, chained-dollar gross product of nonfinancial
corporate business for 1999 to 2002 will be revised to reflect
revisions to the gross product price indexes for nonfinancial
industries.
(2.) Chained-dollar consumption of fixed capital of nonfinancial
corporate business is calculated as the product of the chain-type
quantity index and the 1996 current-dollar value of the
corresponding series, divided by 100.
(3.) Chained-dollar net product of nonfinancial corporate
business is the difference between the gross product and the
consumption of fixed capital.
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