Business Services Industry
National income and product accounts tables
Survey of Current Business, August, 2005
Table 7.1. Selected Per Capita Product and Income Series in Current
and Chained Dollars
[Dollars]
Line 2001 2002
Current dollars:
Gross domestic product 1 35,491 36,323
Gross national product 2 35,644 36,429
Personal income 3 30,572 30,814
Disposable personal income 4 26,236 27,165
Personal consumption
expenditures 5 24,723 25,502
Durable goods 6 3,097 3,205
Nondurable goods 7 7,068 7,215
Services 8 14,558 15,082
Chained (2000) dollars:
Gross domestic product 9 34,660 34,863
Gross national product 10 34,810 34,968
Disposable personal income 11 25,698 26,236
Personal consumption
expenditures 12 24,216 24,630
Durable goods 13 3,156 3,347
Nondurable goods 14 6,962 7,067
Services 15 14,099 14,226
Population (midperiod,
thousands) 16 285,366 288,240
Seasonally
adjusted at
annual rates
2003 2004 2001
IV
Current dollars:
Gross domestic product 37,691 39,919 35,694
Gross national product 37,925 40,102 35,954
Personal income 31,500 33,044 30,558
Disposable personal income 28,065 29,475 26,264
Personal consumption
expenditures 26,487 27.944 25,090
Durable goods 3,264 3,360 3,256
Nondurable goods 7,520 8,057 7,077
Services 15,703 116,527 14,757
Chained (2000) dollars:
Gross domestic product 35,456 36,590 34,590
Gross national product 35,677 36,760 34,845
Disposable personal income 26,596 27,230 25,640
Personal consumption
expenditures 25,101 25,816 24,494
Durable goods 3,533 3,708 3,346
Nondurable goods 7,221 7,485 7,017
Services 14,374 14,665 14,140
Population (midperiod,
thousands) 291,085 293,951 286,502
Seasonally adjusted at annual rates
2002
I II III IV
Current dollars:
Gross domestic product 35,985 36,227 36,481 36,606
Gross national product 36,077 36,285 36,583 36,779
Personal income 30,697 30,895 30,825 30,849
Disposable personal income 26,994 27,246 27,187 27,241
Personal consumption
expenditures 25,179 25,444 25,631 25,760
Durable goods 3,187 3,193 3,258 3,185
Nondurable goods 7,121 7,223 7,225 7,292
Services 14,871 15,028 151,481 15,283
Chained (2000) dollars:
Gross domestic product 34,745 34,855 34,967 34,894
Gross national product 34,839 34,914 35,068 35,060
Disposable personal income 26,292 26,355 26,182 26,127
Personal consumption
expenditures 24,524 24,612 24,684 24,706
Durable goods 3,303 3,325 3,408 3,354
Nondurable goods 7,058 7,065 7,052 7,096
Services 14,172 14,230 14,239 14,266
Population (midperiod,
thousands) 287,154 287,812 288,575 289,328
Seasonally adjusted at annual rates
2003
I II III IV
Current dollars:
Gross domestic product 36,958 37,311 38,043 38,451
Gross national product 37,113 37,541 38,274 38,770
Personal income 31,084 31,373 31,620 31,924
Disposable personal income 27,552 27,839 28,392 28,475
Personal consumption
expenditures 26,054 26,269 26,703 26,921
Durable goods 3,172 3,242 3,344 3,297
Nondurable goods 7,435 7,408 7,595 7,643
Services 15,448 15,620 15,764 15,980
Chained (2000) dollars:
Gross domestic product 34,963 35,197 35,722 35,941
Gross national product 35,113 35,417 35,941 36,240
Disposable personal income 26,228 26,459 26,853 26,846
Personal consumption
expenditures 24,803 24,967 25,256 25,380
Durable goods 3,376 3,489 3,640 3,628
Nondurable goods 7,137 7,153 7,278 7,314
Services 14,299 14,346 14,377 14,473
Population (midperiod,
thousands) 289,977 290,656 291,442 292,217
Seasonally adjusted at annual rates
2004
I II III IV
Current dollars:
Gross domestic product 39,120 39,743 40,157 40,651
Gross national product 39,403 39,902 40,322 40,776
Personal income 32,386 32,753 33,057 33,973
Disposable personal income 28,939 29,231 29,461 30,265
Personal consumption
expenditures 27,426 27,750 28,076 28,522
Durable goods 3,326 3,320 3,377 3,418
Nondurable goods 7,863 8,023 8,081 8,259
Services 16,237 16,406 16,618 16,845
Chained (2000) dollars:
Gross domestic product 36,236 36,466 36,726 36,930
Gross national product 36,499 36,614 36,879 37,047
Disposable personal income 27,026 27,045 27,159 27,685
Personal consumption
expenditures 25,613 25,675 25,882 26,091
Durable goods 3,659 3,654 3,739 3,779
Nondurable goods 7,416 7,447 7,498 7,579
Services 14,576 14,610 14,692 14,783
Population (midperiod,
thousands) 292,872 293,540 294,315 295,077
Seasonally adjusted
at annual rates
2005
I II
Current dollars:
Gross domestic product 41,251 41,757
Gross national product 41,384
Personal income 34,117 34,523
Disposable personal income 30,147 30,434
Personal consumption
expenditures 28,864 29,274
Durable goods 3,440 3,497
Nondurable goods 8,375 8,542
Services 17,049 17,234
Chained (2000) dollars:
Gross domestic product 37,195 37,424
Gross national product 37,320
Disposable personal income 27,425 27,459
Personal consumption
expenditures 26,258 26,413
Durable goods 3,795 3,863
Nondurable goods 7,661 7,706
Services 14,852 14,904
Population (midperiod,
thousands) 295,720 296,384
Table 7.2.1B. Percent Change from Preceding Period in Real Motor
Vehicle Output
[Percent]
Line 2001 2002 2003 2004
Motor vehicle output 1 -4.7 11.5 3.8 4.6
Auto output 2 -5.9 4.1 -7.6 -2.6
Truck output 3 -3.9 16.8 11.0 8.3
Final sales of domestic product 4 1.9 3.5 5.4 5.4
Personal consumption
expenditures 5 6.6 6.3 5.0 0.8
New motor vehicles 6 10.2 8.1 7.8 1.0
Autos 7 0.1 -0.3 -1.8 0.1
Light trucks (including
utility vehicles) 8 19.6 14.7 14.3 1.5
Net purchases of used autos
and used light trucks 9 -0.3 2.6 -1.0 0.4
Used autos 10 -3.2 -1.1 -3.2 -1.2
Used light trucks
(including utility
vehicles) 11 3.1 6.7 1.2 2.1
Private fixed investment 12 -14.0 -5.9 -1.6 18.8
New motor vehicles 13 -10.3 -2.0 -1.9 12.6
Autos 14 -6.9 -2.4 -6.7 1.4
Trucks 15 -12.5 -1.6 1.5 19.6
Light trucks (including
utility vehicles) 16 -7.5 -2.7 4.2 15.1
Other 17 -26.2 2.1 -6.9 34.9
Net purchases of used autos
and used lighttrucks 18 -4.5 3.5 -2.3 2.9
Used autos 19 -9.2 0.5 -2.4 3.4
Used light trucks
(including utility
vehicles) 20 0.7 6.6 -2.1 2.4
Gross government investment 21 -0.1 1.6 -0.3 17.1
Autos 22 3.9 -6.6 -4.8 -8.7
Trucks 23 -1.5 4.9 1.2 25.5
Net exports 24
Exports 25 -3.4 12.3 10.0 10.8
Autos 26 7.3 12.0 4.6 2.9
Trucks 27 -12.8 12.7 15.8 18.3
Imports 28 -2.1 5.2 -0.2 5.0
Autos 29 -2.5 6.2 -3.5 0.2
Trucks 30 -1.7 4.1 3.7 10.3
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 1.1 3.5 3.5 4.9
Private fixed investment in
new autos and new light
trucks 43 -7.2 -2.6 -1.0 9.0
Domestic output of new
autos (2) 44 -8.5 3.7 -8.8 -4.7
Sales of imported new
autos (3) 45 -1.2 7.7 -1.8 3.2
Seasonally adjusted at annual rates
2001 2002
IV I II III IV
Motor vehicle output 22.0 15.5 5.7 11.6 0.5
Auto output 13.4 29.0 -19.7 -13.5 8.9
Truck output 28.3 7.0 27.3 30.2 -4.3
Final sales of domestic product 92.3 -32.0 0.8 31.1 -20.8
Personal consumption
expenditures 84.8 -25.1 -0.1 26.8 -18.6
New motor vehicles 176.4 -31.5 -19.4 42.2 -14.8
Autos 139.9 -41.2 -8.2 25.6 -23.9
Light trucks (including
utility vehicles) 207.3 -23.6 -26.5 55.3 -8.1
Net purchases of used autos
and used light trucks -23.1 -6.4 58.1 0.8 -26.3
Used autos -34.7 6.1 46.1 -4.9 -27.7
Used light trucks
(including utility
vehicles) -8.4 -18.0 72.3 7.3 -24.7
Private fixed investment 11.2 -23.6 15.1 24.2 -15.0
New motor vehicles -4.9 -18.5 40.3 17.8 -12.6
Autos -24.1 1.2 43.4 7.9 -18.5
Trucks 10.8 -29.6 38.2 25.3 -8.2
Light trucks (including
utility vehicles) 17.1 -32.7 27.8 20.2 -3.4
Other -9.0 -17.4 79.1 42.3 -21.4
Net purchases of used autos
and used lighttrucks -23.0 -10.8 82.4 9.8 -9.7
Used autos -36.4 5.7 75.4 3.9 -8.7
Used light trucks
(including utility
vehicles) -7.4 -24.1 89.6 15.8 -10.5
Gross government investment -8.6 20.7 -3.2 3.3 18.3
Autos -25.8 -21.1 -22.4 14.6 46.6
Trucks -0.2 42.3 4.7 -0.3 9.5
Net exports
Exports -8.9 -2.7 31.7 36.4 -1.4
Autos -15.5 -11.5 46.3 30.6 -20.8
Trucks -0.7 7.9 17.4 43.2 23.8
Imports -9.7 12.2 13.7 13.5 -2.2
Autos -13.1 19.6 36.7 2.1 -11.7
Trucks -5.8 4.3 -9.0 29.6 10.4
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers 63.7 -23.9 2.7 25.6 -17.1
Private fixed investment in
new autos and new light
trucks -4.2 -18.6 35.1 14.1 -10.9
Domestic output of new
autos (2) 1.6 25.5 -3.1 -3.0 -21.3
Sales of imported new
autos (3) 44.0 -1.7 5.3 15.5 -9.0
Seasonally adjusted at
annual rates
2003
I II III IV
Motor vehicle output 0.3 -2.5 22.6 -3.6
Auto output -22.0 -3.0 14.0 -17.1
Truck output 15.7 -2.2 27.4 4.0
Final sales of domestic product 6.3 12.5 35.1 -19.1
Personal consumption
expenditures 6.3 14.7 21.7 -12.1
New motor vehicles -0.8 40.0 20.3 -15.5
Autos 1.4 2.0 10.3 -14.0
Light trucks (including
utility vehicles) -2.2 70.2 26.3 -16.3
Net purchases of used autos
and used light trucks 23.2 -27.7 25.2 -2.6
Used autos 31.8 -33.4 23.3 -11.3
Used light trucks
(including utility
vehicles) 14.7 -21.2 27.3 6.9
Private fixed investment -26.4 27.6 14.1 -10.9
New motor vehicles -26.3 5.1 25.3 6.5
Autos -21.6 -16.2 33.3 -6.8
Trucks -29.4 21.9 20.5 15.5
Light trucks
(including utility
vehicles) -17.7 16.6 20.2 10.2
Other -57.8 42.5 21.5 35.6
Net purchases of used autos
and used lighttrucks -26.8 -19.9 44.5 40.0
Used autos -17.5 -28.3 48.3 25.3
Used light trucks
(including utility
vehicles) -35.0 -10.7 40.9 55.6
Gross government investment -5.5 -7.9 0.9 -12.9
Autos -6.6 -33.0 -23.6 4.7
Trucks -4.9 2.9 10.3 -17.9
Net exports
Exports 25.4 -17.0 3.8 32.1
Autos 48.6 -40.7 16.2 22.5
Trucks 5.4 15.3 -6.4 41.6
Imports -15.0 17.9 -18.8 24.7
Autos -21.7 14.2 -9.9 28.0
Trucks -6.8 22.1 -27.6 21.0
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers -1.4 16.4 19.5 -11.9
Private fixed investment in
new autos and new light
trucks -19.5 0.3 25.9 2.3
Domestic output of new
autos (2) -15.1 -3.1 9.9 -8.7
Sales of imported new
autos (3) -10.6 -0.8 12.1 -10.3
Seasonally adjusted at
annual rates
2004
I II III IV
Motor vehicle output 14.4 -7.3 3.0 8.8
Auto output 8.6 -5.0 -13.5 2.6
Truck output 17.3 -8.4 11.7 11.7
Final sales of domestic product 2.9 -0.5 31.9 11.4
Personal consumption
expenditures -2.1 -5.5 13.2 0.3
New motor vehicles 1.1 -8.7 15.7 -8.4
Autos 22.1 -10.2 -12.1 4.0
Light trucks (including
utility vehicles) -9.4 -7.8 35.4 -14.6
Net purchases of used autos
and used light trucks -10.2 3.2 7.0 25.0
Used autos -15.1 15.8 4.4 33.0
Used light trucks
(including utility
vehicles) -5.2 -7.7 9.8 17.5
Private fixed investment 19.4 26.9 51.4 33.4
New motor vehicles 0.6 16.1 31.3 18.8
Autos -12.9 8.8 11.2 13.2
Trucks 9.4 20.3 43.4 21.7
Light trucks
(including utility
vehicles) 0.4 21.9 41.6 11.9
Other 43.5 15.8 48.8 54.4
Net purchases of used autos
and used lighttrucks -22.3 0.3 1.2 -5.5
Used autos -23.4 15.2 0.4 5.7
Used light trucks
(including utility
vehicles) -21.3 -12.2 2.1 -15.6
Gross government investment 124.3 7.5 -23.1 7.6
Autos 4.4 -23.8 -27.8 89.0
Trucks 178.6 16.4 -22.1 -5.6
Net exports
Exports -15.8 28.0 53.0 -1.6
Autos -21.8 26.8 5.1 28.7
Trucks -10.0 29.0 106.6 -20.1
Imports 2.9 12.2 -2.1 -4.3
Autos -17.0 -7.8 32.0 -17.6
Trucks 29.8 35.7 -27.2 11.8
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers 4.4 1.2 19.8 7.8
Private fixed investment in
new autos and new light
trucks -5.6 16.1 28.1 12.4
Domestic output of new
autos (2) -3.1 -18.0 2.0 3.2
Sales of imported new
autos (3) 12.1 9.7 -13.8 19.2
Seasonally
adjusted at
annual rates
2005
I II
Motor vehicle output 4.3 -2.2
Auto output 45.1 -17.1
Truck output -10.7 6.1
Final sales of domestic product -0.7 19.8
Personal consumption
expenditures -10.0 11.1
New motor vehicles -15.5 33.9
Autos -4.5 40.0
Light trucks (including
utility vehicles) -21.3 30.4
Net purchases of used autos
and used light trucks 3.9 -28.1
Used autos 6.0 -39.2
Used light trucks
(including utility
vehicles) 1.7 -15.0
Private fixed investment 3.2 36.2
New motor vehicles -9.0 24.3
Autos -20.5 -0.6
Trucks -2.8 41.7
Light trucks
(including utility
vehicles) -11.6 63.3
Other 23.8 -1.6
Net purchases of used autos
and used lighttrucks -31.1 0.1
Used autos -22.7 -16.4
Used light trucks
(including utility
vehicles) -39.0 21.2
Gross government investment 46.8 -17.5
Autos 30.6 -33.8
Trucks 51.1 -13.1
Net exports
Exports 52.0 -14.7
Autos 74.4 -15.8
Trucks 35.3 -13.7
Imports -6.3 -4.2
Autos -16.9 -6.0
Trucks 5.2 -2.4
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers -5.4 16.1
Private fixed investment in
new autos and new light
trucks -15.3 31.5
Domestic output of new
autos (2) 17.7 4.6
Sales of imported new
autos (3) -23.3 15.6
(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 7.2.1B. Percent Change from Preceding Period in Real Motor
Vehicle Output
[Percent]
Line 2001 2002 2003 2004
Motor vehicle output 1 -4.7 11.5 3.8 4.6
Auto output 2 -5.9 4.1 -7.6 -2.6
Truck output 3 -3.9 16.8 11.0 8.3
Final sales of domestic product 4 1.9 3.5 5.4 5.4
Personal consumption
expenditures 5 6.6 6.3 5.0 0.8
New motor vehicles 6 10.2 8.1 7.8 1.0
Autos 7 0.1 -0.3 -1.8 0.1
Light trucks (including
utility vehicles) 8 19.6 14.7 14.3 1.5
Net purchases of used autos
and used light trucks 9 -0.3 2.6 -1.0 0.4
Used autos 10 -3.2 -1.1 -3.2 -1.2
Used light trucks
(including utility
vehicles) 11 3.1 6.7 1.2 2.1
Private fixed investment 12 -14.0 -5.9 -1.6 18.8
New motor vehicles 13 -10.3 -2.0 -1.9 12.6
Autos 14 -6.9 -2.4 -6.7 1.4
Trucks 15 -12.5 -1.6 1.5 19.6
Light trucks (including
utility vehicles) 16 -7.5 -2.7 4.2 15.1
Other 17 -26.2 2.1 -6.9 34.9
Net purchases of used autos
and used lighttrucks 18 -4.5 3.5 -2.3 2.9
Used autos 19 -9.2 0.5 -2.4 3.4
Used light trucks
(including utility
vehicles) 20 0.7 6.6 -2.1 2.4
Gross government investment 21 -0.1 1.6 -0.3 17.1
Autos 22 3.9 -6.6 -4.8 -8.7
Trucks 23 -1.5 4.9 1.2 25.5
Net exports 24
Exports 25 -3.4 12.3 10.0 10.8
Autos 26 7.3 12.0 4.6 2.9
Trucks 27 -12.8 12.7 15.8 18.3
Imports 28 -2.1 5.2 -0.2 5.0
Autos 29 -2.5 6.2 -3.5 0.2
Trucks 30 -1.7 4.1 3.7 10.3
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 1.1 3.5 3.5 4.9
Private fixed investment in
new autos and new light
trucks 43 -7.2 -2.6 -1.0 9.0
Domestic output of new
autos (2) 44 -8.5 3.7 -8.8 -4.7
Sales of imported new
autos (3) 45 -1.2 7.7 -1.8 3.2
Seasonally adjusted at annual rates
2001 2002
IV I II III IV
Motor vehicle output 22.0 15.5 5.7 11.6 0.5
Auto output 13.4 29.0 -19.7 -13.5 8.9
Truck output 28.3 7.0 27.3 30.2 -4.3
Final sales of domestic product 92.3 -32.0 0.8 31.1 -20.8
Personal consumption
expenditures 84.8 -25.1 -0.1 26.8 -18.6
New motor vehicles 176.4 -31.5 -19.4 42.2 -14.8
Autos 139.9 -41.2 -8.2 25.6 -23.9
Light trucks (including
utility vehicles) 207.3 -23.6 -26.5 55.3 -8.1
Net purchases of used autos
and used light trucks -23.1 -6.4 58.1 0.8 -26.3
Used autos -34.7 6.1 46.1 -4.9 -27.7
Used light trucks
(including utility
vehicles) -8.4 -18.0 72.3 7.3 -24.7
Private fixed investment 11.2 -23.6 15.1 24.2 -15.0
New motor vehicles -4.9 -18.5 40.3 17.8 -12.6
Autos -24.1 1.2 43.4 7.9 -18.5
Trucks 10.8 -29.6 38.2 25.3 -8.2
Light trucks (including
utility vehicles) 17.1 -32.7 27.8 20.2 -3.4
Other -9.0 -17.4 79.1 42.3 -21.4
Net purchases of used autos
and used lighttrucks -23.0 -10.8 82.4 9.8 -9.7
Used autos -36.4 5.7 75.4 3.9 -8.7
Used light trucks
(including utility
vehicles) -7.4 -24.1 89.6 15.8 -10.5
Gross government investment -8.6 20.7 -3.2 3.3 18.3
Autos -25.8 -21.1 -22.4 14.6 46.6
Trucks -0.2 42.3 4.7 -0.3 9.5
Net exports
Exports -8.9 -2.7 31.7 36.4 -1.4
Autos -15.5 -11.5 46.3 30.6 -20.8
Trucks -0.7 7.9 17.4 43.2 23.8
Imports -9.7 12.2 13.7 13.5 -2.2
Autos -13.1 19.6 36.7 2.1 -11.7
Trucks -5.8 4.3 -9.0 29.6 10.4
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers 63.7 -23.9 2.7 25.6 -17.1
Private fixed investment in
new autos and new light
trucks -4.2 -18.6 35.1 14.1 -10.9
Domestic output of new
autos (2) 1.6 25.5 -3.1 -3.0 -21.3
Sales of imported new
autos (3) 44.0 -1.7 5.3 15.5 -9.0
Seasonally adjusted at
annual rates
2003
I II III IV
Motor vehicle output 0.3 -2.5 22.6 -3.6
Auto output -22.0 -3.0 14.0 -17.1
Truck output 15.7 -2.2 27.4 4.0
Final sales of domestic product 6.3 12.5 35.1 -19.1
Personal consumption
expenditures 6.3 14.7 21.7 -12.1
New motor vehicles -0.8 40.0 20.3 -15.5
Autos 1.4 2.0 10.3 -14.0
Light trucks (including
utility vehicles) -2.2 70.2 26.3 -16.3
Net purchases of used autos
and used light trucks 23.2 -27.7 25.2 -2.6
Used autos 31.8 -33.4 23.3 -11.3
Used light trucks
(including utility
vehicles) 14.7 -21.2 27.3 6.9
Private fixed investment -26.4 27.6 14.1 -10.9
New motor vehicles -26.3 5.1 25.3 6.5
Autos -21.6 -16.2 33.3 -6.8
Trucks -29.4 21.9 20.5 15.5
Light trucks
(including utility
vehicles) -17.7 16.6 20.2 10.2
Other -57.8 42.5 21.5 35.6
Net purchases of used autos
and used lighttrucks -26.8 -19.9 44.5 40.0
Used autos -17.5 -28.3 48.3 25.3
Used light trucks
(including utility
vehicles) -35.0 -10.7 40.9 55.6
Gross government investment -5.5 -7.9 0.9 -12.9
Autos -6.6 -33.0 -23.6 4.7
Trucks -4.9 2.9 10.3 -17.9
Net exports
Exports 25.4 -17.0 3.8 32.1
Autos 48.6 -40.7 16.2 22.5
Trucks 5.4 15.3 -6.4 41.6
Imports -15.0 17.9 -18.8 24.7
Autos -21.7 14.2 -9.9 28.0
Trucks -6.8 22.1 -27.6 21.0
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers -1.4 16.4 19.5 -11.9
Private fixed investment in
new autos and new light
trucks -19.5 0.3 25.9 2.3
Domestic output of new
autos (2) -15.1 -3.1 9.9 -8.7
Sales of imported new
autos (3) -10.6 -0.8 12.1 -10.3
Seasonally adjusted at
annual rates
2004
I II III IV
Motor vehicle output 14.4 -7.3 3.0 8.8
Auto output 8.6 -5.0 -13.5 2.6
Truck output 17.3 -8.4 11.7 11.7
Final sales of domestic product 2.9 -0.5 31.9 11.4
Personal consumption
expenditures -2.1 -5.5 13.2 0.3
New motor vehicles 1.1 -8.7 15.7 -8.4
Autos 22.1 -10.2 -12.1 4.0
Light trucks (including
utility vehicles) -9.4 -7.8 35.4 -14.6
Net purchases of used autos
and used light trucks -10.2 3.2 7.0 25.0
Used autos -15.1 15.8 4.4 33.0
Used light trucks
(including utility
vehicles) -5.2 -7.7 9.8 17.5
Private fixed investment 19.4 26.9 51.4 33.4
New motor vehicles 0.6 16.1 31.3 18.8
Autos -12.9 8.8 11.2 13.2
Trucks 9.4 20.3 43.4 21.7
Light trucks
(including utility
vehicles) 0.4 21.9 41.6 11.9
Other 43.5 15.8 48.8 54.4
Net purchases of used autos
and used lighttrucks -22.3 0.3 1.2 -5.5
Used autos -23.4 15.2 0.4 5.7
Used light trucks
(including utility
vehicles) -21.3 -12.2 2.1 -15.6
Gross government investment 124.3 7.5 -23.1 7.6
Autos 4.4 -23.8 -27.8 89.0
Trucks 178.6 16.4 -22.1 -5.6
Net exports
Exports -15.8 28.0 53.0 -1.6
Autos -21.8 26.8 5.1 28.7
Trucks -10.0 29.0 106.6 -20.1
Imports 2.9 12.2 -2.1 -4.3
Autos -17.0 -7.8 32.0 -17.6
Trucks 29.8 35.7 -27.2 11.8
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers 4.4 1.2 19.8 7.8
Private fixed investment in
new autos and new light
trucks -5.6 16.1 28.1 12.4
Domestic output of new
autos (2) -3.1 -18.0 2.0 3.2
Sales of imported new
autos (3) 12.1 9.7 -13.8 19.2
Seasonally
adjusted at
annual rates
2005
I II
Motor vehicle output 4.3 -2.2
Auto output 45.1 -17.1
Truck output -10.7 6.1
Final sales of domestic product -0.7 19.8
Personal consumption
expenditures -10.0 11.1
New motor vehicles -15.5 33.9
Autos -4.5 40.0
Light trucks (including
utility vehicles) -21.3 30.4
Net purchases of used autos
and used light trucks 3.9 -28.1
Used autos 6.0 -39.2
Used light trucks
(including utility
vehicles) 1.7 -15.0
Private fixed investment 3.2 36.2
New motor vehicles -9.0 24.3
Autos -20.5 -0.6
Trucks -2.8 41.7
Light trucks
(including utility
vehicles) -11.6 63.3
Other 23.8 -1.6
Net purchases of used autos
and used lighttrucks -31.1 0.1
Used autos -22.7 -16.4
Used light trucks
(including utility
vehicles) -39.0 21.2
Gross government investment 46.8 -17.5
Autos 30.6 -33.8
Trucks 51.1 -13.1
Net exports
Exports 52.0 -14.7
Autos 74.4 -15.8
Trucks 35.3 -13.7
Imports -6.3 -4.2
Autos -16.9 -6.0
Trucks 5.2 -2.4
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor vehicles
to domestic purchasers -5.4 16.1
Private fixed investment in
new autos and new light
trucks -15.3 31.5
Domestic output of new
autos (2) 17.7 4.6
Sales of imported new
autos (3) -23.3 15.6
(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 2001 2002
Motor vehicle output 1 95.273 106.254
Auto output 2 94.102 97.977
Truck output 3 96.102 112.200
Final sales of domestic
product 4 101.945 105.562
Personal consumption
expenditures 5 106.568 113.261
New motor vehicles 6 110.186 119.113
Autos 7 100.145 99.818
Light trucks
(including
utility
vehicles) 8 119.592 137.224
Net purchases of used
autos and used
light trucks 9 99.677 102.219
Used autos 10 96.786 95.746
Used light trucks
(including
utility
vehicles) 11 103.141 110.025
Private fixed investment 12 85.992 80.960
New motor vehicles 13 89.720 87.964
Autos 14 93.067 90.795
Trucks 15 87.528 86.111
Light trucks
(including
utility
vehicles) 16 92.487 89.962
Other 17 73.814 75.382
Net purchases of used
autos and used
light trucks 18 95.456 98.769
Used autos 19 90.793 91.202
Used light trucks
(including
utility
vehicles) 20 100.731 107.344
Gross government
investment 21 99.948 101.557
Autos 22 103.887 97.014
Trucks 23 98.466 103.281
Net exports 24
Exports 25 96.592 108.506
Autos 26 107.324 120.201
Trucks 27 87.165 98.229
Imports 28 97.889 103.025
Autos 29 97.543 103.625
Trucks 30 98.300 102.317
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 42 101.110 104.675
Private fixed
investment in new
autos and new light
trucks 43 92.761 90.356
Domestic output of
new autos (2) 44 91.480 94.875
Sales of imported
new autos (3) 45 98.768 106.381
2001
2003 2004 IV
Motor vehicle output 110.297 115.415 100.008
Auto output 90.497 88.174 96.968
Truck output 124.510 134.897 102.165
Final sales of domestic
product 111.269 117.301 113.779
Personal consumption
expenditures 118.922 119.924 119.698
New motor vehicles 128.357 129.646 131.702
Autos 97.986 98.103 114.464
Light trucks
(including
utility
vehicles) 156.891 159.282 147.856
Net purchases of used
autos and used
light trucks 101.156 101.603 96.971
Used autos 92.714 91.612 90.156
Used light trucks
(including
utility
vehicles) 111.374 113.728 105.160
Private fixed investment 79.670 94.677 82.872
New motor vehicles 86.318 97.179 85.751
Autos 84.705 85.899 84.821
Trucks 87.388 104.492 86.364
Light trucks
(including
utility
vehicles) 93.713 107.869 92.804
Other 70.181 94.709 68.617
Net purchases of used
autos and used
light trucks 96.544 99.341 90.114
Used autos 88.979 91.971 80.879
Used light trucks
(including
utility
vehicles) 105.119 107.688 100.571
Gross government
investment 101.203 118.459 96.061
Autos 92.380 84.316 103.481
Trucks 104.553 131.217 93.246
Net exports
Exports 119.398 132.298 99.724
Autos 125.764 129.451 113.058
Trucks 113.713 134.481 88.015
Imports 102.801 107.932 96.281
Autos 100.009 100.226 93.887
Trucks 106.091 116.986 99.113
Change in private
inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 108.353 113.700 109.632
Private fixed
investment in new
autos and new light
trucks 89.426 97.463 89.033
Domestic output of
new autos (2) 86.550 82.494 91.839
Sales of imported
new autos (3) 104.414 107.794 104.533
Seasonally adjusted
2002
I II III IV
Motor vehicle output 103.683 105.124 108.039 108.170
Auto output 103.344 97.828 94.351 96.386
Truck output 103.906 110.367 117.900 116.625
Final sales of domestic
product 103.338 103.556 110.816 104.538
Personal consumption
expenditures 111.351 111.333 118.144 112.215
New motor vehicles 119.830 113.529 123.980 119.115
Autos 100.243 98.128 103.884 97.017
Light trucks
(including
utility
vehicles) 138.211 127.961 142.848 139.879
Net purchases of used
autos and used
light trucks 95.392 106.965 107.189 99.330
Used autos 91.495 100.586 99.324 91.577
Used light trucks
(including
utility
vehicles) 100.060 114.643 116.690 108.708
Private fixed investment 77.490 80.262 84.726 81.362
New motor vehicles 81.474 88.676 92.376 89.328
Autos 85.073 93.090 94.879 90.140
Trucks 79.102 85.773 90.745 88.826
Light trucks
(including
utility
vehicles) 84.069 89.394 93.593 92.794
Other 65.410 75.667 82.639 77.811
Net purchases of used
autos and used
light trucks 87.574 101.769 104.172 101.560
Used autos 82.016 94.380 95.279 93.131
Used light trucks
(including
utility
vehicles) 93.859 110.137 114.260 111.121
Gross government
investment 100.677 99.862 100.680 105.010
Autos 97.535 91.553 94.730 104.238
Trucks 101.849 103.024 102.943 105.307
Net exports
Exports 99.035 106.092 114.652 114.245
Autos 109.660 120.612 128.926 121.606
Trucks 89.700 93.363 102.132 107.722
Imports 99.086 102.329 105.632 105.053
Autos 98.187 106.161 106.715 103.438
Trucks 100.153 97.808 104.351 106.955
Change in private
inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 102.390 103.068 109.117 104.125
Private fixed
investment in new
autos and new light
trucks 84.556 91.155 94.201 91.513
Domestic output of
new autos (2) 97.205 96.441 95.707 90.147
Sales of imported
new autos (3) 104.073 105.417 109.292 106.744
Seasonally adjusted
2003
I II III IV
Motor vehicle output 108.257 107.569 113.194 112.170
Auto output 90.576 89.890 92.888 88.635
Truck output 120.956 120.270 127.779 129.037
Final sales of domestic
product 106.157 109.318 117.849 111.751
Personal consumption
expenditures 113.955 117.928 123.861 119.945
New motor vehicles 118.879 129.308 135.414 129.826
Autos 97.345 97.823 100.249 96.526
Light trucks
(including
utility
vehicles) 139.117 158.891 168.450 161.107
Net purchases of used
autos and used
light trucks 104.650 96.493 102.074 101.406
Used autos 98.125 88.654 93.414 90.661
Used light trucks
(including
utility
vehicles) 112.499 105.979 112.568 114.450
Private fixed investment 75.362 80.103 82.783 80.434
New motor vehicles 82.756 83.794 88.661 90.062
Autos 84.812 81.143 87.194 85.673
Trucks 81.426 85.551 89.641 92.935
Light trucks
(including
utility
vehicles) 88.375 91.826 96.148 98.503
Other 62.698 68.498 71.919 77.608
Net purchases of used
autos and used
light trucks 93.933 88.858 97.416 105.968
Used autos 88.767 81.671 90.123 95.355
Used light trucks
(including
utility
vehicles) 99.771 97.001 105.679 118.024
Gross government
investment 103.535 101.416 101.655 98.205
Autos 102.461 92.702 86.675 87.680
Trucks 103.985 104.731 107.328 102.166
Net exports
Exports 120.896 115.383 116.463 124.851
Autos 134.273 117.814 122.309 128.662
Trucks 109.155 113.105 111.238 121.354
Imports 100.870 105.116 99.777 105.440
Autos 97.293 100.567 97.968 104.208
Trucks 105.085 110.471 101.912 106.895
Change in private
inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 103.770 107.775 112.690 109.175
Private fixed
investment in new
autos and new light
trucks 86.671 86.739 91.885 92.411
Domestic output of
new autos (2) 86.540 85.855 87.896 85.907
Sales of imported
new autos (3) 103.782 103.573 106.581 103.720
Seasonally adjusted
2004
I II III IV
Motor vehicle output 116.012 113.833 114.682 117.133
Auto output 90.478 89.336 86.161 86.721
Truck output 134.292 131.380 135.065 138.851
Final sales of domestic
product 112.566 112.417 120.465 123.755
Personal consumption
expenditures 119.308 117.625 121.330 121.434
New motor vehicles 130.197 127.264 131.995 129.130
Autos 101.457 98.759 95.633 96.565
Light trucks
(including
utility
vehicles) 157.201 154.041 166.163 159.722
Net purchases of used
autos and used
light trucks 98.706 99.497 101.196 107.011
Used autos 87.014 90.256 91.223 97.955
Used light trucks
(including
utility
vehicles) 112.933 110.700 113.310 117.970
Private fixed investment 84.087 89.239 98.996 106.386
New motor vehicles 90.204 93.632 100.235 104.646
Autos 82.754 84.518 86.794 89.532
Trucks 95.051 99.555 108.938 114.425
Light trucks
(including
utility
vehicles) 98.611 103.608 113.019 116.237
Other 84.936 88.109 97.310 108.480
Net purchases of used
autos and used
light trucks 99.484 99.551 99.859 98.468
Used autos 89.201 92.410 92.492 93.783
Used light trucks
(including
utility
vehicles) 111.179 107.636 108.207 103.729
Gross government
investment 120.184 122.369 114.579 116.703
Autos 88.628 82.817 76.329 89.493
Trucks 131.999 137.112 128.803 126.952
Net exports
Exports 119.607 127.215 141.477 140.893
Autos 120.987 128.384 129.983 138.448
Trucks 118.192 125.959 151.015 142.759
Imports 106.192 109.285 108.717 107.533
Autos 99.462 97.463 104.464 99.514
Trucks 114.099 123.150 113.736 116.958
Change in private
inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 110.348 110.683 115.787 117.984
Private fixed
investment in new
autos and new light
trucks 91.090 94.560 100.608 103.596
Domestic output of
new autos (2) 85.231 81.104 81.497 82.144
Sales of imported
new autos (3) 106.729 109.233 105.248 109.966
Seasonally
adjusted
2005
I II
Motor vehicle output 118.364 117.716
Auto output 95.173 90.818
Truck output 134.979 136.976
Final sales of domestic
product 123.552 129.258
Personal consumption
expenditures 118.293 121.447
New motor vehicles 123.801 133.175
Autos 95.458 103.840
Light trucks
(including
utility
vehicles) 150.429 160.739
Net purchases of used
autos and used
light trucks 108.031 99.472
Used autos 99.400 87.788
Used light trucks
(including
utility
vehicles) 118.455 113.752
Private fixed investment 107.220 115.826
New motor vehicles 102.199 107.917
Autos 84.542 83.118
Trucks 113.601 123.936
Light trucks
(including
utility
vehicles) 112.707 127.411
Other 114.434 113.985
Net purchases of used
autos and used
light trucks 89.723 89.747
Used autos 87.929 84.076
Used light trucks
(including
utility
vehicles) 91.657 96.169
Gross government
investment 128.460 122.436
Autos 95.662 86.302
Trucks 140.760 135.901
Net exports
Exports 156.434 150.344
Autos 159.106 152.412
Trucks 153.961 148.388
Imports 105.798 104.680
Autos 95.026 93.569
Trucks 118.440 117.716
Change in private
inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 116.353 120.777
Private fixed
investment in new
autos and new light
trucks 99.380 106.413
Domestic output of
new autos (2) 85.556 86.516
Sales of imported
new autos (3) 102.926 106.720
(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 2001 2002
Motor vehicle output 1 99.079 98.428
Auto output 2 99.429 99.985
Truck output 3 98.835 97.382
Final sales of domestic product 4 99.123 98.520
Personal consumption
expenditures 5 100.185 99.458
New motor vehicles 6 99.450 97.832
Autos 7 99.525 98.365
Light trucks
(including
utility
vehicles) 8 99.385 97.432
Net purchases of used
autos and used
light trucks 9 101.674 102.885
Used autos 10 101.619 103.935
Used light trucks
(including
utility
vehicles) 11 101.738 101.746
Private fixed investment 12 97.267 98.078
New motor vehicles 13 99.154 97.377
Autos 14 99.531 98.346
Trucks 15 98.900 96.714
Light trucks
(including
utility
vehicles) 16 98.566 95.423
Other 17 99.947 101.015
Net purchases of used
autos and used
light trucks 18 101.972 96.692
Used autos 19 102.000 97.149
Used light trucks
(including
utility
vehicles) 20 101.941 96.238
Gross government
investment 21 98.698 99.504
Autos 22 97.304 100.120
Trucks 23 99.242 99.286
Net exports 24
Exports 25 100.598 102.004
Autos 26 100.329 101.293
Trucks 27 100.860 102.744
Imports 28 100.595 101.279
Autos 29 100.310 101.008
Trucks 30 100.932 101.599
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 99.446 99.081
Private fixed investment
in new light trucks
and new light trucks 43 99.020 96.802
Domestic output of
new autos (2) 44 99.588 98.759
Sales of imported new
autos (3) 45 99.534 98.361
2001
2003 2004 IV
Motor vehicle output 96.368 96.427 98.936
Auto output 96.522 96.047 99.622
Truck output 96.114 96.432 98.471
Final sales of domestic product 96.368 96.291 99.005
Personal consumption
expenditures 96.558 95.345 100.095
New motor vehicles 96.421 95.777 99.453
Autos 96.520 95.987 99.494
Light trucks
(including
utility
vehicles) 96.297 95.589 99.411
Net purchases of used
autos and used
light trucks 96.509 93.908 101.370
Used autos 97.499 95.492 101.730
Used light trucks
(including
utility
vehicles) 95.435 92.254 100.969
Private fixed investment 101.502 107.069 97.511
New motor vehicles 96.699 97.250 98.624
Autos 96.511 95.982 99.489
Trucks 96.799 97.979 98.058
Light trucks
(including
utility
vehicles) 95.257 96.022 97.421
Other 101.981 104.582 100.185
Net purchases of used
autos and used
light trucks 90.700 84.256 100.370
Used autos 91.158 85.025 100.494
Used light trucks
(including
utility
vehicles) 90.246 83.502 100.239
Gross government
investment 100.135 102.089 98.483
Autos 99.585 99.049 97.127
Trucks 100.321 102.995 99.007
Net exports
Exports 103.699 105.715 100.963
Autos 102.539 103.984 100.596
Trucks 104.901 107.437 101.304
Imports 102.154 103.818 101.036
Autos 101.661 103.081 100.906
Trucks 102.733 104.658 101.197
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 97.513 97.764 99.452
Private fixed investment
in new light trucks
and new light trucks 95.870 96.079 98.373
Domestic output of
new autos (2) 97.492 97.382 99.729
Sales of imported new
autos (3) 96.518 95.987 99.386
Seasonally adjusted
2002
I II III IV
Motor vehicle output 98.705 98.582 98.169 98.258
Auto output 99.924 100.102 99.992 99.922
Truck output 97.863 97.543 96.963 97.158
Final sales of domestic product 98.807 98.679 98.238 98.358
Personal consumption
expenditures 99.713 99.387 99.562 99.170
New motor vehicles 98.340 97.602 97.559 97.825
Autos 98.933 98.271 98.063 98.194
Light trucks
(including
utility
vehicles) 97.899 97.105 97.176 97.533
Net purchases of used
autos and used
light trucks 102.652 103.183 103.789 101.916
Used autos 102.993 104.282 105.072 103.392
Used light trucks
(including
utility
vehicles) 102.267 101.982 102.400 100.335
Private fixed investment 98.215 98.819 96.625 98.653
New motor vehicles 98.070 97.787 96.775 96.876
Autos 98.893 98.257 98.048 98.184
Trucks 97.513 97.471 95.897 95.975
Light trucks
(including
utility
vehicles) 96.663 96.476 94.343 94.210
Other 100.371 100.820 101.045 101.824
Net purchases of used
autos and used
light trucks 98.086 96.673 97.171 94.840
Used autos 98.460 97.134 97.637 95.364
Used light trucks
(including
utility
vehicles) 97.717 96.213 96.705 94.318
Gross government
investment 99.326 99.863 99.338 99.489
Autos 99.751 100.776 100.645 99.307
Trucks 99.177 99.542 98.875 99.551
Net exports
Exports 101.310 101.616 102.040 103.051
Autos 100.730 101.000 101.098 102.300
Trucks 101.843 102.176 102.963 103.779
Imports 101.137 101.120 101.287 101.571
Autos 100.944 100.776 100.910 101.409
Trucks 101.362 101.525 101.730 101.762
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 99.306 99.185 98.861 98.972
Private fixed investment
in new light trucks
and new light trucks 97.708 97.312 96.098 96.088
Domestic output of
new autos (2) 99.186 98.651 98.445 98.754
Sales of imported new
autos (3) 98.921 98.265 98.063 98.194
Seasonally adjusted
2003
I II III IV
Motor vehicle output 97.380 96.134 96.101 95.856
Auto output 98.129 96.662 96.126 95.169
Truck output 96.813 95.692 95.921 96.029
Final sales of domestic product 97.476 96.075 96.040 95.880
Personal consumption
expenditures 98.007 97.209 96.272 94.744
New motor vehicles 96.944 96.461 96.325 95.953
Autos 97.104 96.600 96.408 95.969
Light trucks
(including
utility
vehicles) 96.799 96.332 96.231 95.897
Net purchases of used
autos and used
light trucks 100.214 98.710 95.757 91.356
Used autos 101.818 99.553 96.423 92.204
Used light trucks
(including
utility
vehicles) 98.516 97.790 95.008 90.428
Private fixed investment 99.689 97.702 101.138 107.479
New motor vehicles 97.219 95.975 96.473 97.129
Autos 97.097 96.591 96.392 95.965
Trucks 97.290 95.570 96.507 97.830
Light trucks
(including
utility
vehicles) 95.782 93.753 94.958 96.535
Other 102.255 101.767 101.736 102.167
Net purchases of used
autos and used
light trucks 94.365 94.087 90.487 83.863
Used autos 94.786 94.452 90.877 84.516
Used light trucks
(including
utility
vehicles) 93.945 93.721 90.094 83.223
Gross government
investment 99.956 98.907 100.052 101.627
Autos 98.354 98.477 99.659 101.852
Trucks 100.499 99.030 100.175 101.580
Net exports
Exports 103.273 103.485 103.825 104.214
Autos 102.298 102.465 102.498 102.898
Trucks 104.277 104.543 105.174 105.545
Imports 101.632 101.999 102.061 102.926
Autos 101.377 101.443 101.443 102.343
Trucks 101.931 102.630 102.766 103.596
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 98.279 97.256 97.223 97.293
Private fixed investment
in new light trucks
and new light trucks 96.418 95.068 95.649 96.345
Domestic output of
new autos (2) 97.880 97.493 97.403 97.193
Sales of imported new
autos (3) 97.102 96.598 96.402 95.970
Seasonally adjusted
2004
I II III IV
Motor vehicle output 96.292 96.500 95.837 97.080
Auto output 95.787 96.283 95.524 96.596
Truck output 96.365 96.429 95.809 97.126
Final sales of domestic product 96.171 96.416 95.683 96.896
Personal consumption
expenditures 94.952 95.122 95.070 96.238
New motor vehicles 96.063 96.015 95.169 95.860
Autos 96.002 96.200 95.606 96.141
Light trucks
(including
utility
vehicles) 96.048 95.851 94.862 95.639
Net purchases of used
autos and used
light trucks 91.818 92.544 94.474 96.796
Used autos 93.196 94.043 96.089 98.639
Used light trucks
(including
utility
vehicles) 90.376 90.978 92.786 94.878
Private fixed investment 107.599 108.082 106.015 106.581
New motor vehicles 96.890 97.322 96.885 97.901
Autos 95.998 96.197 95.596 96.137
Trucks 97.421 97.980 97.628 98.889
Light trucks
(including
utility
vehicles) 95.787 96.172 95.499 96.631
Other 102.944 104.096 104.808 106.480
Net purchases of used
autos and used
light trucks 82.813 82.962 84.777 86.472
Used autos 83.523 83.704 85.558 87.317
Used light trucks
(including
utility
vehicles) 82.119 82.235 84.012 85.644
Gross government
investment 101.521 102.016 101.907 102.910
Autos 100.375 99.421 98.507 97.891
Trucks 101.941 102.815 102.906 104.317
Net exports
Exports 104.772 105.352 105.942 106.793
Autos 103.335 104.063 104.028 104.438
Trucks 106.179 106.613 107.711 108.914
Imports 103.090 103.523 104.122 104.538
Autos 102.477 102.674 103.344 103.809
Trucks 103.799 104.469 104.998 105.364
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 97.531 97.806 97.342 98.375
Private fixed investment
in new light trucks
and new light trucks 95.944 96.254 95.613 96.507
Domestic output of
new autos (2) 97.314 97.616 97.059 97.539
Sales of imported new
autos (3) 96.004 96.203 95.605 96.137
Seasonally
adjusted
2005
I II
Motor vehicle output 98.393 98.045
Auto output 98.639 98.873
Truck output 98.095 97.467
Final sales of domestic product 98.200 97.859
Personal consumption
expenditures 97.649 97.791
New motor vehicles 97.117 96.775
Autos 97.067 96.968
Light trucks
(including
utility
vehicles) 97.086 96.599
Net purchases of used
autos and used
light trucks 98.553 99.846
Used autos 100.584 102.164
Used light trucks
(including
utility
vehicles) 96.446 97.461
Private fixed investment 106.451 105.166
New motor vehicles 97.870 97.314
Autos 97.064 96.966
Trucks 98.380 97.613
Light trucks
(including
utility
vehicles) 95.542 94.069
Other 107.630 108.915
Net purchases of used
autos and used
light trucks 86.617 87.456
Used autos 87.649 88.455
Used light trucks
(including
utility
vehicles) 85.591 86.464
Gross government
investment 103.408 103.404
Autos 99.218 97.845
Trucks 104.597 104.934
Net exports
Exports 107.097 107.166
Autos 104.598 104.598
Trucks 109.347 109.478
Imports 104.405 104.711
Autos 103.507 103.611
Trucks 105.398 105.896
Change in private inventories
Autos
New
Domestic
Foreign
Used
Trucks
New
Domestic
Foreign
Used (1)
Addenda:
Final sales of motor
vehicles to
domestic purchasers 99.388 99.177
Private fixed investment
in new light trucks
and new light trucks 96.230 95.283
Domestic output of
new autos (2) 98.334 98.240
Sales of imported new
autos (3) 97.070 96.971
(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]
Line 2001 2002
Motor vehicle output 1 344.6 381.7
Auto output 2 141.4 148.0
Truck output 3 203.1 233.7
Final sales of domestic product 4 358.2 368.6
Personal consumption
expenditures 5 347.5 366.7
New motor vehicles 6 234.8 249.7
Autos 7 103.2 101.7
Light trucks
(including utility
vehicles) 8 131.5 148.0
Net purchases of
used autos and
used light trucks 9 112.7 117.0
Used autos 10 59.7 60.4
Used light trucks
(including utility
vehicles) 11 53.1 56.6
Private fixed investment 12 98.9 93.9
New motor vehicles 13 172.0 165.6
Autos 14 70.8 68.2
Trucks 15 101.3 97.4
Light trucks
(including
utility vehicles) 16 78.5 73.9
Other 17 22.8 23.5
Net purchases of used
autos and used
light trucks 18 -73.1 -71.7
Used autos 19 -36.9 -35.3
Used light trucks
(including
utility vehicles) 20 -36.2 -36.4
Gross government
investment 21 12.2 12.5
Autos 22 3.4 3.3
Trucks 23 8.8 9.2
Net exports 24 -100.5 -104.5
Exports 25 25.4 28.9
Autos 26 13.2 14.9
Trucks 27 12.2 14.0
Imports 28 125.9 133.4
Autos 29 67.9 72.7
Trucks 30 58.0 60.7
Change in private
inventories 31 -13.6 13.1
Autos 32 -4.0 7.5
New 33 -0.5 7.8
Domestic 34 -7.2 6.6
Foreign 35 0.6 1.2
Used 36 2.5 -0.3
Trucks 37 -9.6 5.6
New 38 -11.3 5.8
Domestic 39 -10.7 4.4
Foreign 40 -0.5 1.4
Used (1) 41 1.7 -0.2
Addenda:
Final sales of motor
vehicles to domestic
purchasers 42 458.7 473.1
Private fixed investment
in new autos and new
light trucks 43 149.2 142.1
Domestic output of new
autos (2) 44 100.7 103.6
Sales of imported new
autos (3) 45 82.4 87.8
2001
2003 2004 IV
Motor vehicle output 387.8 406.2 361.2
Auto output 131.9 128.0 146.0
Truck output 256.0 278.2 215.2
Final sales of domestic product 380.0 400.3 399.3
Personal consumption
expenditures 373.8 372.2 390.0
New motor vehicles 265.2 266.0 280.6
Autos 98.0 97.5 118.0
Light trucks
(including utility
vehicles) 167.2 168.5 162.7
Net purchases of
used autos and
used light trucks 108.6 106.1 109.4
Used autos 54.8 53.1 55.6
Used light trucks
(including utility
vehicles) 53.8 53.1 53.7
Private fixed investment 95.6 119.9 95.6
New motor vehicles 161.4 182.8 163.5
Autos 62.4 63.0 64.5
Trucks 99.0 119.8 99.1
Light trucks
(including
utility vehicles) 76.8 89.1 77.8
Other 22.1 30.6 21.3
Net purchases of used
autos and used
light trucks -65.8 -2.9 -67.9
Used autos -32.3 -31.2 -32.4
Used light trucks
(including
utility vehicles) -33.4 -31.7 -35.5
Gross government
investment 12.6 15.0 11.7
Autos 3.1 2.8 3.4
Trucks 9.4 12.1 8.3
Net exports -101.9 -106.7 -98.1
Exports 32.3 36.5 26.3
Autos 15.8 16.5 13.9
Trucks 16.6 20.1 12.4
Imports 134.3 143.2 124.4
Autos 70.6 71.7 65.8
Trucks 63.7 71.5 58.6
Change in private
inventories 7.8 5.8 -38.1
Autos 0.6 -2.0 -11.2
New 0.6 -2.5 -12.8
Domestic 0.7 -1.6 -12.1
Foreign -0.1 -0.9 -0.7
Used 0.0 0.5 1.5
Trucks 7.2 7.9 -26.8
New 7.1 7.4 -27.8
Domestic 6.7 7.4 -28.1
Foreign 0.3 0.0 0.3
Used (1) 0.1 0.5 1.0
Addenda:
Final sales of motor
vehicles to domestic
purchasers 482.0 507.0 497.3
Private fixed investment
in new autos and new
light trucks 139.3 152.1 142.3
Domestic output of new
autos (2) 93.2 88.8 101.3
Sales of imported new
autos (3) 84.5 86.8 87.1
Seasonally adjusted
at annual rates
2002
I II III IV
Motor vehicle output 373.7 378.4 387.1 387.8
Auto output 156.1 148.0 142.6 145.5
Truck output 217.6 230.4 244.6 242.3
Final sales of domestic product 361.9 362.2 385.9 364.5
Personal consumption
expenditures 361.4 360.1 1382.9 362.2
New motor vehicles 252.5 237.4 259.1 249.7
Autos 102.7 99.9 105.5 98.7
Light trucks
(including utility
vehicles) 149.7 137.5 153.6 151.0
Net purchases of
used autos and
used light trucks 108.9 122.8 123.7 112.6
Used autos 57.1 63.6 63.3 57.4
Used light trucks
(including utility
vehicles) 51.8 59.2 60.5 55.2
Private fixed investment 90.0 93.8 96.8 94.9
New motor vehicles 154.5 167.7 172.9 167.4
Autos 64.3 69.9 71.1 67.6
Trucks 90.3 97.8 101.8 99.8
Light trucks
(including
utility vehicles) 70.0 74.3 76.0 75.3
Other 20.3 23.6 25.8 24.5
Net purchases of used
autos and used
light trucks -64.5 -73.9 -76.1 -72.5
Used autos -32.2 -36.5 -37.1 -35.4
Used light trucks
(including
utility vehicles) -32.3 -37.4 -39.0 -37.0
Gross government
investment 12.4 12.4 12.4 12.9
Autos 3.3 3.1 3.3 3.5
Trucks 9.1 9.2 9.1 9.4
Net exports -101.9 -104.1 -106.2 -105.7
Exports 26.2 28.2 30.6 30.7
Autos 13.5 14.9 15.9 15.2
Trucks 12.7 13.3 14.6 15.5
Imports 128.1 132.3 136.8 136.4
Autos 68.8 74.3 74.7 72.8
Trucks 59.3 58.0 62.0 63.6
Change in private
inventories 11.7 16.2 1.3 23.3
Autos 16.1 7.4 4.7 11.3
New 14.9 8.9 -2.0 9.4
Domestic 14.1 8.1 0.2 4.0
Foreign 0.8 0.9 -2.2 5.4
Used 1.2 -1.5 -2.6 1.9
Trucks -4.3 8.8 5.9 12.0
New -5.4 10.1 8.2 10.3
Domestic -5.3 10.0 6.7 6.1
Foreign -0.1 0.1 1.5 4.2
Used (1) 1.0 -1.3 -2.2 1.6
Addenda:
Final sales of motor
vehicles to domestic
purchasers 463.8 466.3 492.1 470.1
Private fixed investment
in new autos and new
light trucks 134.2 144.1 147.1 142.9
Domestic output of new
autos (2) 106.6 105.2 104.1 98.4
Sales of imported new
autos (3) 86.3 86.9 89.9 87.9
Seasonally adjusted
at annual rates
2003
I II III IV
Motor vehicle output 384.7 377.3 397.1 392.3
Auto output 134.3 131.2 134.8 127.3
Truck output 250.5 246.1 262.2 265.0
Final sales of domestic product 366.8 372.3 401.2 379.8
Personal consumption
expenditures 363.6 373.2 388.2 370.0
New motor vehicles 246.9 267.3 279.5 266.9
Autos 97.9 97.9 100.1 96.0
Light trucks
(including utility
vehicles) 149.0 169.4 179.4 171.0
Net purchases of
used autos and
used light trucks 116.7 106.0 108.7 103.1
Used autos 60.6 53.5 54.6 50.7
Used light trucks
(including utility
vehicles) 56.1 52.5 54.1 52.4
Private fixed investment 88.8 92.5 99.0 102.2
New motor vehicles 155.6 155.5 165.4 169.1
Autos 62.9 59.9 64.2 62.8
Trucks 92.7 95.6 101.2 106.3
Light trucks
(including
utility vehicles) 72.9 74.1 78.6 81.8
Other 19.8 21.6 22.6 24.5
Net purchases of used
autos and used
light trucks -6.8 -63.0 -6.4 -66.9
Used autos -33.6 -30.8 -32.7 -32.2
Used light trucks
(including
utility vehicles) -33.2 -32.2 -33.7 -34.7
Gross government
investment 12.8 12.4 12.6 12.4
Autos 3.4 3.1 2.9 3.0
Trucks 9.4 9.3 9.7 9.3
Net exports -98.4 -105.9 -98.6 -104.7
Exports 32.6 31.2 31.6 34.0
Autos 16.8 14.8 15.3 16.2
Trucks 15.8 16.4 16.3 17.8
Imports 131.0 137.1 130.2 138.7
Autos 68.5 70.8 69.0 74.0
Trucks 62.6 66.2 61.2 64.7
Change in private
inventories 17.9 5.0 -4.1 12.4
Autos -5.3 3.7 -0.6 4.8
New -2.7 5.0 -1.0 1.2
Domestic -1.5 3.9 0.5 0.1
Foreign -1.2 1.0 -1.5 1.2
Used -2.6 -1.3 0.4 3.6
Trucks 23.2 1.3 -3.5 7.6
New 25.5 2.4 -3.8 4.2
Domestic 23.7 1.0 -2.2 4.5
Foreign 1.7 1.4 -1.6 -0.2
Used (1) -2.3 -1.1 0.3 3.4
Addenda:
Final sales of motor
vehicles to domestic
purchasers 465.2 478.2 499.8 484.6
Private fixed investment
in new autos and new
light trucks 135.8 134.0 142.8 144.6
Domestic output of new
autos (2) 93.6 92.5 94.6 92.3
Sales of imported new
autos (3) 84.5 83.9 86.2 83.5
Seasonally adjusted
at annual rates
2004
I II III IV
Motor vehicle output 407.4 400.8 401.3 415.2
Auto output 130.9 130.0 124.4 126.5
Truck output 276.5 270.8 276.8 288.7
Final sales of domestic product 383.7 384.2 408.5 425.0
Personal consumption
expenditures 368.8 364.2 375.4 380.4
New motor vehicles 268.0 261.8 269.1 265.2
Autos 100.9 98.4 94.7 96.2
Light trucks
(including utility
vehicles) 167.1 163.4 174.4 169.0
Net purchases of
used autos and
used light trucks 100.8 102.4 106.3 115.1
Used autos 49.1 51.4 53.1 58.5
Used light trucks
(including utility
vehicles) 51.6 50.9 53.2 56.6
Private fixed investment 107.1 114.1 124.2 134.2
New motor vehicles 169.0 176.2 187.8 198.1
Autos 60.7 62.1 63.4 65.8
Trucks 108.3 114.1 124.4 132.3
Light trucks
(including
utility vehicles) 81.3 85.7 92.9 96.7
Other 27.0 28.3 31.5 35.7
Net purchases of used
autos and used
light trucks -1.9 -62.0 -3.6 -3.9
Used autos -29.7 -30.8 -31.5 -32.6
Used light trucks
(including
utility vehicles) -32.2 -31.2 -32.0 -31.3
Gross government
investment 15.1 15.5 14.5 14.9
Autos 3.0 2.8 2.6 3.0
Trucks 12.1 12.7 11.9 11.9
Net exports -107.2 -109.6 -105.6 -104.4
Exports 32.7 35.0 39.1 39.3
Autos 15.3 16.3 16.5 17.7
Trucks 17.4 18.7 22.6 21.6
Imports 139.9 144.6 144.7 143.7
Autos 70.8 69.5 74.9 71.7
Trucks 69.2 75.2 69.8 72.0
Change in private
inventories 23.7 16.6 -7.2 -9.8
Autos 2.3 -0.9 0.6 -10.3
New 1.5 -3.7 -0.6 -7.3
Domestic 0.2 -1.6 -2.6 -2.4
Foreign 1.3 -2.1 2.0 -4.9
Used 0.8 2.9 1.2 -3.0
Trucks 21.4 17.5 -7.8 0.5
New 20.6 14.8 -8.9 3.3
Domestic 18.3 12.9 -7.8 6.3
Foreign 2.3 1.9 -1.1 -3.0
Used (1) 0.8 2.7 1.1 -2.8
Addenda:
Final sales of motor
vehicles to domestic
purchasers 490.9 493.8 514.1 529.4
Private fixed investment
in new autos and new
light trucks 142.0 147.9 156.3 162.4
Domestic output of new
autos (2) 91.7 87.5 87.4 88.5
Sales of imported new
autos (3) 85.9 88.1 84.4 88.7
Seasonally
adjusted
at annual
rates
2005
I II
Motor vehicle output 425.0 421.2
Auto output 141.8 135.7
Truck output 283.1 285.6
Final sales of domestic product 430.0 448.3
Personal consumption
expenditures 375.9 386.5
New motor vehicles 257.6 276.1
Autos 96.0 104.3
Light trucks
(including utility
vehicles) 161.6 171.8
Net purchases of
used autos and
used light trucks 118.4 110.4
Used autos 60.6 54.3
Used light trucks
(including utility
vehicles) 57.8 56.1
Private fixed investment 135.0 144.1
New motor vehicles 193.4 203.0
Autos 62.7 61.6
Trucks 130.7 141.5
Light trucks
(including
utility vehicles) 92.7 103.1
Other 38.0 38.3
Net purchases of used
autos and used
light trucks -58.3 -58.9
Used autos -30.7 -29.6
Used light trucks
(including
utility vehicles) -27.6 -29.3
Gross government
investment 16.5 15.7
Autos 3.2 2.9
Trucks 13.2 12.8
Net exports -97.5 -98.1
Exports 43.7 42.1
Autos 20.4 19.5
Trucks 23.4 22.6
Imports 141.2 140.1
Autos 68.3 67.3
Trucks 72.9 72.8
Change in private
inventories -5.0 -27.0
Autos -2.0 -10.0
New 2.4 -6.4
Domestic -2.2 -3.7
Foreign 4.6 -2.8
Used 4.4 -3.6
Trucks -3.0 -17.0
New 1.2 -12.3
Domestic 0.5 -12.5
Foreign 0.7 0.2
Used (1) -4.2 -4.7
Addenda:
Final sales of motor
vehicles to domestic
purchasers 527.4 546.3
Private fixed investment
in new autos and new
light trucks 155.4 164.7
Domestic output of new
autos (2) 93.0 93.9
Sales of imported new
autos (3) 83.8 86.8
(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]
Line 2001 2002
Motor vehicle output 1 347.7 387.8
Auto output 2 142.2 148.0
Truck output 3 205.5 240.0
Final sales of domestic
product 4 361.3 374.1
Personal consumption
expenditures 5 346.9 368.7
New motor vehicles 6 236.1 255.2
Autos 7 103.7 103.4
Light trucks
(including
utility vehicles) 8 132.3 151.9
Net purchases of used
autos and used light
trucks 9 110.9 113.7
Used autos 10 58.7 58.1
Used light trucks
(including
utility vehicles) 11 52.2 55.7
Private fixed investment 12 101.7 95.7
New motor vehicles 13 173.5 170.1
Autos 14 71.1 69.4
Trucks 15 102.4 100.7
Light trucks
(including
utility vehicles) 16 79.6 77.4
Other 17 22.8 23.3
Net purchases of used
autos and used
light trucks 18 -71.7 -74.2
Used autos 19 -36.2 -36.4
Used light trucks
(including
utility vehicles) 20 -35.5 -37.8
Gross government investment 21 12.4 12.6
Autos 22 3.5 3.3
Trucks 23 8.8 9.3
Net exports 24 -99.9 -103.4
Exports 25 25.2 28.3
Autos 26 13.1 14.7
Trucks 27 12.1 13.6
Imports 28 125.1 131.7
Autos 29 67.7 71.9
Trucks 30 57.4 59.8
Change in private inventories 31 -12.9 12.2
Autos 32 -3.4 6.9
New 33 -0.6 7.9
Domestic 34 -7.3 6.7
Foreign 35 0.6 1.2
Used 36 3.1 -0.9
Trucks 37 -9.4 5.3
New 38 -10.8 5.3
Domestic 39 -10.3 3.9
Foreign 40 -0.5 1.4
Used (1) 41 1.7 -0.2
Residual 42 -0.7 1.5
Addenda:
Final sales of motor
vehicles to domestic
purchasers 43 461.2 477.5
Private fixed investment
in new autos and new
light trucks 44 150.7 146.8
Domestic output of
new autos (2) 45 101.1 104.8
Sales of imported
new autos (3) 46 82.8 89.2
2001
2003 2004 IV
Motor vehicle output 402.5 421.2 365.0
Auto output 136.7 133.2 146.5
Truck output 266.3 288.5 218.5
Final sales of domestic
product 394.4 415.7 403.3
Personal consumption
expenditures 387.1 390.3 389.6
New motor vehicles 275.0 277.8 282.2
Autos 101.5 101.6 118.6
Light trucks
(including
utility vehicles) 173.6 176.3 163.6
Net purchases of used
autos and used light
trucks 112.5 113.0 107.9
Used autos 56.2 55.6 54.7
Used light trucks
(including
utility vehicles) 56.4 57.5 53.2
Private fixed investment 94.2 112.0 98.0
New motor vehicles 166.9 187.9 165.8
Autos 64.7 65.6 64.8
Trucks 102.2 122.2 101.0
Light trucks
(including
utility vehicles) 80.7 92.8 79.9
Other 21.7 29.3 21.2
Net purchases of used
autos and used
light trucks -72.5 -74.6 -7.7
Used autos -35.5 -36.7 -32.2
Used light trucks
(including
utility vehicles) -37.1 -38.0 -35.4
Gross government investment 12.5 14.7 11.9
Autos 3.1 2.9 3.5
Trucks 9.4 11.8 8.4
Net exports -100.2 -103.4 -97.0
Exports 31.2 34.6 26.1
Autos 15.4 15.8 13.8
Trucks 15.8 18.7 12.2
Imports 131.4 138.0 123.1
Autos 69.4 69.6 65.2
Trucks 62.0 68.3 57.9
Change in private inventories 8.1 5.8 -37.2
Autos 0.7 -2.1 -10.7
New 0.6 -2.5 -12.9
Domestic 0.8 -1.6 -12.4
Foreign -0.1 -0.9 -0.7
Used 0.1 0.6 1.5
Trucks 6.9 7.2 -26.0
New 6.3 6.2 -26.4
Domestic 6.0 6.2 -26.8
Foreign 0.3 0.0 0.3
Used (1) 0.2 0.6 1.0
Residual 0.7 1.0 -1.1
Addenda:
Final sales of motor
vehicles to domestic
purchasers 494.2 518.6 500.1
Private fixed investment
in new autos and new
light trucks 145.3 158.3 144.6
Domestic output of
new autos (2) 95.6 91.2 101.5
Sales of imported
new autos (3) 87.6 90.4 87.7
Seasonally adjusted
at annual rates
2002
I II III IV
Motor vehicle output 378.4 383.7 394.3 394.8
Auto output 156.1 147.8 142.5 145.6
Truck output 222.2 236.1 252.2 249.4
Final sales of domestic
product 366.3 367.0 392.8 370.5
Personal consumption
expenditures 362.4 362.4 384.6 365.3
New motor vehicles 256.7 243.2 265.6 255.2
Autos 103.8 101.6 107.6 100.5
Light trucks
(including
utility vehicles) 152.9 141.6 158.1 154.8
Net purchases of used
autos and used light
trucks 106.1 119.0 119.2 110.5
Used autos 55.5 61.0 60.2 55.5
Used light trucks
(including
utility vehicles) 50.6 58.0 59.0 55.0
Private fixed investment 91.6 94.9 100.2 96.2
New motor vehicles 157.6 171.5 178.6 172.7
Autos 65.0 71.1 72.5 68.9
Trucks 92.5 100.3 106.2 103.9
Light trucks
(including
utility vehicles) 72.4 76.9 80.6 79.9
Other 20.2 23.4 25.6 24.1
Net purchases of used
autos and used
light trucks -5.8 -76.4 -78.2 -76.3
Used autos -32.7 -37.6 -38.0 -37.1
Used light trucks
(including
utility vehicles) -33.1 -38.8 -40.3 -39.2
Gross government investment 12.5 12.4 12.5 13.0
Autos 3.3 3.1 3.2 3.6
Trucks 9.1 9.2 9.2 9.5
Net exports -100.8 -103.1 -105.1 -104.5
Exports 25.9 27.7 30.0 29.8
Autos 13.4 14.8 15.8 14.9
Trucks 12.5 13.0 14.2 15.0
Imports 126.7 130.8 135.0 134.3
Autos 68.2 73.7 74.1 71.8
Trucks 58.5 57.1 61.0 62.5
Change in private inventories 10.5 15.1 0.7 22.4
Autos 15.5 6.7 -5.5 10.9
New 14.9 9.0 -2.1 9.6
Domestic 14.3 8.3 0.2 4.1
Foreign 0.8 0.9 -2.2 5.3
Used 1.2 -1.6 -2.7 2.0
Trucks -4.2 8.3 5.7 11.5
New -5.0 9.3 7.5 9.6
Domestic -5.0 9.2 6.0 5.5
Foreign -0.1 0.1 1.4 4.2
Used (1) 1.0 -1.3 -2.3 1.7
Residual 0.0 1.6 1.3 0.9
Addenda:
Final sales of motor
vehicles to domestic
purchasers 467.0 470.1 497.7 475.0
Private fixed investment
in new autos and new
light trucks 137.4 148.1 153.0 148.7
Domestic output of
new autos (2) 107.4 106.6 105.8 99.6
Sales of imported
new autos (3) 87.3 88.4 91.7 89.5
Seasonally adjusted
at annual rates
2003
I II III IV
Motor vehicle output 395.1 392.6 413.1 409.4
Auto output 136.8 135.8 140.3 133.9
Truck output 258.7 257.2 273.3 276.0
Final sales of domestic
product 376.3 387.5 417.7 396.1
Personal consumption
expenditures 370.9 383.9 403.2 390.4
New motor vehicles 254.7 277.0 290.1 278.1
Autos 100.8 101.3 103.8 100.0
Light trucks
(including
utility vehicles) 154.0 175.8 186.4 178.3
Net purchases of used
autos and used light
trucks 116.4 107.3 113.6 112.8
Used autos 59.5 53.8 56.7 55.0
Used light trucks
(including
utility vehicles) 56.9 53.6 57.0 57.9
Private fixed investment 89.1 94.7 97.9 95.1
New motor vehicles 160.0 162.0 171.4 174.2
Autos 64.8 62.0 66.6 65.4
Trucks 95.3 100.1 104.9 108.7
Light trucks
(including
utility vehicles) 76.1 79.0 82.8 84.8
Other 19.4 21.2 22.2 24.0
Net purchases of used
autos and used
light trucks -70.6 -66.7 -73.2 -79.6
Used autos -35.4 -32.6 -35.9 -38.0
Used light trucks
(including
utility vehicles) -35.2 -34.2 -37.2 -41.6
Gross government investment 12.8 12.6 12.6 12.2
Autos 3.5 3.2 3.0 3.0
Trucks 9.3 9.4 9.6 9.2
Net exports -97.4 -104.2 -97.1 -102.2
Exports 31.6 30.1 30.4 32.6
Autos 16.4 14.4 15.0 15.7
Trucks 15.2 15.7 15.5 16.9
Imports 129.0 134.4 127.6 134.8
Autos 67.5 69.8 68.0 72.3
Trucks 61.4 64.5 59.5 62.5
Change in private inventories 18.6 5.2 -4.0 12.8
Autos -5.5 3.8 -0.7 5.3
New -2.8 5.0 -1.1 1.3
Domestic -1.6 4.0 0.5 0.1
Foreign -1.1 1.0 -1.5 1.1
Used -2.7 -1.3 0.4 4.2
Trucks 22.2 1.4 -3.2 7.2
New 22.9 2.2 -3.4 3.6
Domestic 21.2 0.9 -1.9 3.8
Foreign 1.7 1.4 -1.6 -0.2
Used (1) -2.4 -1.1 0.3 3.9
Residual 3.6 -0.6 -1.1 0.7
Addenda:
Final sales of motor
vehicles to domestic
purchasers 473.3 491.6 514.0 498.0
Private fixed investment
in new autos and new
light trucks 140.8 140.9 149.3 150.1
Domestic output of
new autos (2) 95.6 94.9 97.1 94.9
Sales of imported
new autos (3) 87.0 86.9 89.4 87.0
Seasonally adjusted
at annual rates
2004
I II III IV
Motor vehicle output 423.4 415.5 418.5 427.5
Auto output 136.7 135.0 130.2 131.0
Truck output 287.2 281.0 288.9 297.0
Final sales of domestic
product 399.0 398.4 427.0 438.6
Personal consumption
expenditures 388.3 382.9 394.9 395.3
New motor vehicles 278.9 272.7 282.8 276.7
Autos 105.1 102.3 99.1 100.0
Light trucks
(including
utility vehicles) 174.0 170.5 183.9 176.8
Net purchases of used
autos and used light
trucks 109.8 110.7 112.6 119.0
Used autos 52.8 54.7 55.3 59.4
Used light trucks
(including
utility vehicles) 57.1 56.0 57.3 59.7
Private fixed investment 99.4 105.5 117.1 125.8
New motor vehicles 174.4 181.1 193.8 202.4
Autos 63.2 64.6 66.3 68.4
Trucks 111.2 116.5 127.4 133.9
Light trucks
(including
utility vehicles) 84.9 89.2 97.3 100.0
Other 26.3 27.2 30.1 33.5
Net purchases of used
autos and used
light trucks -74.7 -74.8 -75.0 -74.0
Used autos -35.6 -36.8 -36.9 -37.4
Used light trucks
(including
utility vehicles) -39.2 -37.9 -38.1 -36.6
Gross government investment 14.9 15.2 14.2 14.5
Autos 3.0 2.8 2.6 3.1
Trucks 11.8 12.3 11.6 11.4
Net exports -104.5 -106.5 -102.0 -100.7
Exports 31.2 33.2 37.0 36.8
Autos 14.8 15.7 15.9 16.9
Trucks 16.4 17.5 21.0 19.8
Imports 135.8 139.7 139.0 137.5
Autos 69.0 67.7 72.5 69.1
Trucks 66.7 72.0 66.5 68.3
Change in private inventories 23.6 16.8 -7.3 -9.6
Autos 2.6 -0.8 0.7 -10.7
New 1.5 -3.7 -0.6 -7.2
Domestic 0.2 -1.6 -2.6 -2.4
Foreign 1.3 -2.0 1.9 -4.7
Used 1.0 3.4 1.4 -3.4
Trucks 19.6 16.2 -7.4 0.3
New 17.3 12.6 -7.6 2.6
Domestic 15.2 10.8 -0.6 5.3
Foreign 2.2 1.8 -1.1 -2.9
Used (1) 1.0 3.2 1.2 -3.2
Residual 3.6 1.5 -2.1 1.2
Addenda:
Final sales of motor
vehicles to domestic
purchasers 503.3 504.9 528.2 538.2
Private fixed investment
in new autos and new
light trucks 148.0 153.6 163.4 168.3
Domestic output of
new autos (2) 94.2 89.6 90.1 90.8
Sales of imported
new autos (3) 89.5 91.6 88.3 92.2
Seasonally
adjusted at
annual rates
2005
I II
Motor vehicle output 432.0 429.6
Auto output 143.8 137.2
Truck output 288.7 293.0
Final sales of domestic
product 437.9 458.1
Personal consumption
expenditures 385.0 395.3
New motor vehicles 265.2 285.3
Autos 98.9 107.6
Light trucks
(including
utility vehicles) 166.5 177.9
Net purchases of used
autos and used light
trucks 120.2 110.7
Used autos 60.3 53.2
Used light trucks
(including
utility vehicles) 59.9 57.6
Private fixed investment 126.8 137.0
New motor vehicles 197.6 208.7
Autos 64.6 63.5
Trucks 132.9 145.0
Light trucks
(including
utility vehicles) 97.0 109.7
Other 35.4 35.2
Net purchases of used
autos and used
light trucks -7.4 -7.4
Used autos -35.1 -33.5
Used light trucks
(including
utility vehicles) -32.3 -33.9
Gross government investment 15.9 15.2
Autos 3.3 2.9
Trucks 12.6 12.2
Net exports -94.4 -94.5
Exports 40.9 39.3
Autos 19.5 18.6
Trucks 21.4 20.6
Imports 135.3 133.8
Autos 66.0 65.0
Trucks 69.2 68.8
Change in private inventories -4.7 -26.5
Autos -2.1 -10.4
New 2.5 -0.4
Domestic -2.2 -0.7
Foreign 4.5 -2.7
Used -5.0 -4.0
Trucks -2.6 -15.6
New 1.1 -10.5
Domestic 0.5 -10.6
Foreign 0.7 0.2
Used (1) 4.8 -5.3
Residual 1.5 -2.1
Addenda:
Final sales of motor
vehicles to domestic
purchasers 530.7 550.9
Private fixed investment
in new autos and new
light trucks 161.4 172.9
Domestic output of
new autos (2) 94.5 95.6
Sales of imported
new autos (3) 86.3 89.5
(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.
Table 7.3.5. Farm Sector Output, Gross Value Added,
and Net Value Added
[Billions of dollars]
Line 2001 2002
Farm output 1 210.8 202.1
Cash receipts from farm marketings 2 200.1 194.6
Crops 3 93.5 100.8
Livestock 4 106.6 93.9
Farm products consumed on farms 5 0.5 0.5
Other farm income 6 9.5 10.6
Change in farm finished goods inventories 7 0.6 -3.7
Crops 8 1.0 -3.1
Livestock 9 -0.4 -0.6
Less: Intermediate goods and services
consumed 10 137.7 131.2
Other than rent 11 125.6 120.5
Intermediate goods and services
purchased, other than rent 12 125.0 121.7
Less: Change in farm materials
and supplies inventories 13 -0.6 1.2
Rent paid to nonoperator landlords 14 12.0 10.8
Equals: Gross farm value added 15 73.1 70.8
Less: Consumption of fixed capital 16 27.4 27.0
Equals: Net farm value added 17 45.7 43.9
Compensation of employees 18 20.9 20.8
Wage and salary accruals 19 17.9 17.9
Supplements to wages and
salaries 20 3.0 2.9
Taxes on production and
imports 21 4.8 5.0
Less: Subsidies to operators 22 18.3 9.6
Net operating surplus 23 38.3 27.7
Net interest 24 9.6 9.6
Current transfer payments 25 0.0 0.0
Proprietors' income and
corporate profits with
inventory valuation and
capital consumption
adjustments 26 28.7 18.1
Proprietors' income 27 19.7 10.6
Corporate profits 28 9.0 7.5
Addendum:
Change in farm inventories (1) 29 0.0 -2.5
2003 2004
Farm output 225.8 258.0
Cash receipts from farm marketings 213.3 242.9
Crops 107.8 119.6
Livestock 105.6 123.4
Farm products consumed on farms 0.5 0.5
Other farm income 11.6 11.1
Change in farm finished goods inventories 0.4 3.4
Crops 1.3 2.6
Livestock -0.8 0.9
Less: Intermediate goods and services
consumed 137.8 145.8
Other than rent 127.7 135.7
Intermediate goods and services
purchased, other than rent 127.5 135.5
Less: Change in farm materials
and supplies inventories -0.2 -0.2
Rent paid to nonoperator landlords 10.1 10.1
Equals: Gross farm value added 88.0 112.2
Less: Consumption of fixed capital 27.9 30.1
Equals: Net farm value added 60.1 82.2
Compensation of employees 20.0 22.5
Wage and salary accruals 17.0 19.7
Supplements to wages and
salaries 2.9 2.8
Taxes on production and
imports 5.2 5.4
Less: Subsidies to operators 13.7 10.7
Net operating surplus 48.5 64.9
Net interest 8.7 9.0
Current transfer payments 0.0 0.0
Proprietors' income and
corporate profits with
inventory valuation and
capital consumption
adjustments 39.8 55.9
Proprietors' income 27.7 35.8
Corporate profits 12.1 20.0
Addendum:
Change in farm inventories (1) 0.2 3.2
(1.) Beginning with 1991, includes change in farm materials and
supplies inventories.
Table 7.3.6. Real Farm Sector Output, Real Gross Value Added, and
Real Net Value Added, Chained Dollars
[Billions of chained (2000) dollars]
Line 2001 2002
Farm output 1 200.7 201.4
Cash receipts from farm marketings 2 190.1 194.1
Crops 3 91.9 93.4
Livestock 4 98.1 100.7
Farm products consumed on farms 5 0.5 0.5
Other farm income 6 9.4 10.1
Change in farm finished goods inventories 7 0.6 -3.6
Crops 8 1.0 -2.8
Livestock 9 -0.4 -0.6
Less: Intermediate goods and services consumed 10 135.3 131.3
Other than rent 11 123.5 120.3
Intermediate goods and services
purchased, other than rent 12 122.9 121.5
Less: Change in farm materials and
supplies inventories 13 -0.6 1.2
Rent paid to nonoperator landlords 14 11.8 11.0
Equals: Gross farm value added 15 65.6 70.1
Less: Consumption of fixed capital 16 27.0 26.2
Equals: Net farm value added 17 39.0 44.2
Change in farm inventories (1) 18 0.0 -2.5
2003 2004
Farm output 206.3 206.1
Cash receipts from farm marketings 194.3 192.8
Crops 94.6 94.3
Livestock 99.5 98.3
Farm products consumed on farms 0.5 0.4
Other farm income 10.4 9.4
Change in farm finished goods inventories 0.4 2.5
Crops 1.0 1.8
Livestock -0.7 0.7
Less: Intermediate goods and services consumed 130.1 130.0
Other than rent 120.4 120.7
Intermediate goods and services
purchased, other than rent 120.2 120.5
Less: Change in farm materials and
supplies inventories -0.2 -0.2
Rent paid to nonoperator landlords 9.6 9.3
Equals: Gross farm value added 76.0 75.9
Less: Consumption of fixed capital 26.7 27.6
Equals: Net farm value added 49.5 48.8
Change in farm inventories (1) 0.2 2.3
(1.) Beginning with 1991, includes change in farm materials and
supplies inventories.
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 7.4.5. Housing Sector Output, Gross Value Added,
and Net Value Added
[Billions of dollars]
Line 2001 2002
Housing output (1) 1 1,020.8 1,068.5
Nonfarm housing 2 1,009.4 1,056.8
Owner-occupied 3 768.7 809.0
Tenant-occupied 4 240.7 247.8
Farm housing 5 11.4 11.7
Less: Intermediate goods and
services consumed 6 170.9 191.8
Equals: Gross housing value added 7 849.8 876.7
Nonfarm housing 8 839.9 866.6
Owner-occupied 9 643.2 669.1
Tenant-occupied 10 196.8 197.5
Farm housing 11 9.9 10.1
Less: Consumption of fixed capital 12 173.1 180.8
Equals: Net housing value added (2) 13 676.8 695.9
Compensation of employees 14 11.1 11.6
Taxes on production and
imports 15 153.4 165.6
Less: Subsidies 16 19.5 22.6
Net operating surplus 17 531.8 541.4
Net interest 18 383.7 398.3
Current transfer payments 19 -3.9 2.1
Proprietors' income with
inventory valuation and
capital consumption
adjustments 20 12.7 11.7
Rental income of persons
with capital
consumption adjustment 21 145.0 136.1
Corporate profits with
inventory valuation and
capital consumption
adjustments 22 2.1 1.9
Current surplus of
government
enterprises 23 -7.9 -8.8
2003 2004
Housing output (1) 1,100.4 1,158.2
Nonfarm housing 1,088.2 1,145.2
Owner-occupied 842.9 897.0
Tenant-occupied 245.3 248.2
Farm housing 12.2 12.9
Less: Intermediate goods and
services consumed 224.9 225.0
Equals: Gross housing value added 875.5 933.1
Nonfarm housing 864.9 921.9
Owner-occupied 676.7 730.0
Tenant-occupied 188.2 192.0
Farm housing 10.6 11.2
Less: Consumption of fixed capital 193.5 228.7
Equals: Net housing value added (2) 682.0 704.4
Compensation of employees 11.9 12.3
Taxes on production and
imports 174.3 186.3
Less: Subsidies 24.7 26.4
Net operating surplus 520.5 532.2
Net interest 404.2 431.2
Current transfer payments 5.1 -8.4
Proprietors' income with
inventory valuation and
capital consumption
adjustments 8.3 3.9
Rental income of persons
with capital
consumption adjustment 111.7 115.6
Corporate profits with
inventory valuation and
capital consumption
adjustments 1.4 1.1
Current surplus of
government
enterprises -10.2 -11.1
(1.) Equals personal consumption expenditures for housing excluding
expenditures for other housing as shown in table 2.5.5.
(2.) Equals housing national income.
Table 7.4.6. Real Housing Sector Output, Real Gross Value Added,
and Real Net Value Added, Chained Dollars
[Billions of chained (2000) dollars]
Line 2001 2002
Housing output (1) 1 981.7 988.6
Nonfarm housing 2 970.9 977.7
Owner-occupied, 3 740.2 748.9
Tenant-occupied 4 230.7 228.8
Farm housing 5 10.8 10.9
Less: Intermediate goods and services
consumed 6 166.6 179.9
Equals: Gross housing value added 7 815.1 809.0
Nonfarmhousing 8 805.6 799.5
Owner-occupied 9 616.8 616.9
Tenant-occupied 10 188.8 182.6
Farm housing 11 9.4 9.5
Less: Consumption of fixed capital 12 166.2 169.6
Equals: Net housing value added 13 648.9 639.4
2003 2004
Housing output (1) 993.0 1,021.0
Nonfarm housing 982.0 1,009.9
Owner-occupied, 761.7 792.5
Tenant-occupied 220.4 217.5
Farm housing 11.0 11.1
Less: Intermediate goods and services
consumed 207.1 194.0
Equals: Gross housing value added 786.5 827.8
Nonfarmhousing 777.0 818.2
Owner-occupied 607.7 647.7
Tenant-occupied 169.3 170.4
Farm housing 9.5 9.6
Less: Consumption of fixed capital 174.4 194.2
Equals: Net housing value added 612.3 633.5
(1.) Equals personal consumption expenditures for housing
excluding expenditures for other housing as shown in table 2.5.6.
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 7.5. Consumption of Fixed Capital by Legal Form of
Organization and Type of Income
[Billions of dollars]
Line 2001 2002
Consumption of fixed capital 1 1,281.5 1,292.0
Private 2 1,075.5 1,080.3
Domestic business 3 903.7 893.6
Corporate business 4 752.5 742.1
Financial 5 105.7 98.5
Nonfinancial 6 646.8 643.6
Noncorporate business 7 151.2 151.5
Sole proprietorships and
partnerships 8 126.5 126.1
Farm 9 23.4 22.8
Nonfarm 10 103.1 103.3
Other private business 11 24.7 25.4
Rental income of persons 12 22.2 22.9
Nonfarm tenant-occupied
housing 13 20.5 21.1
Farm tenant-occupied housing 14 0.3 0.3
Farms owned by nonoperator
landlords 15 0.2 0.2
Nonfarm nonresidential
properties 16 1.3 1.3
Proprietors' income 17 2.5 2.5
Households and institutions 18 171.7 186.8
Owner-occupied housing 19 127.4 133.5
Nonprofit institutions serving
households 20 44.3 53.2
Government 21 206.0 211.6
General government 22 172.7 178.3
Federal 23 82.8 83.5
State and local 24 89.9 94.8
Government enterprises 25 33.3 33.4
Federal 26 5.4 5.4
State and local 27 27.8 28.0
Addendum:
Nonfarm business 28 909.6 900.0
2003 2004
Consumption of fixed capital 1,331.3 1,435.3
Private 1,112.8 1,206.2
Domestic business 911.5 973.3
Corporate business 754.4 799.6
Financial 101.8 109.3
Nonfinancial 652.6 690.3
Noncorporate business 157.1 173.7
Sole proprietorships and
partnerships 130.6 142.8
Farm 23.5 25.3
Nonfarm 107.0 117.5
Other private business 26.5 30.9
Rental income of persons 24.1 28.3
Nonfarm tenant-occupied
housing 22.2 26.3
Farm tenant-occupied housing 0.3 0.3
Farms owned by nonoperator
landlords 0.2 0.2
Nonfarm nonresidential
properties 1.4 1.5
Proprietors' income 2.5 2.6
Households and institutions 201.3 232.8
Owner-occupied housing 143.9 170.5
Nonprofit institutions serving
households 57.4 62.4
Government 218.5 229.1
General government 183.5 192.0
Federal 84.9 88.4
State and local 98.6 103.6
Government enterprises 35.1 37.2
Federal 5.4 5.4
State and local 29.7 31.7
Addendum:
Nonfarm business 918.6 980.4
Table 7.6. Capital Consumption Adjustment by Legal Form of
Organization and Type of Adjustment
[Billions of dollars]
Line 2001 2002
Capital consumption adjustment (1) 1 124.9 215.7
For consistent accounting at
historical cost 2 249.8 338.4
For current-cost valuation 3 -124.8 -122.7
Domestic corporate business 4 48.1 120.1
For consistent accounting at
historical cost 5 103.0 173.3
For current-cost valuation 6 -54.9 -53.2
Financial 7 12.9 24.8
For consistent accounting at
historical cost 8 13.5 24.1
For current-cost valuation 9 -0.7 0.7
Nonfinancial 10 35.2 95.3
For consistent accounting at
historical cost 11 89.5 149.2
For current-cost valuation 12 -54.2 -53.9
Domestic noncorporate business 13 76.8 95.6
Sole proprietorships and partnerships 14 88.5 107.6
Farm (1) 15 -5.9 -5.2
Nonfarm 16 94.4 112.8
For consistent accounting at 17 146.8 165.1
historical cost
For current-cost valuation 18 -52.4 -52.4
Other private business (1) 19 -11.7 -12.0
Rental income of persons 20 -11.1 -11.4
Nonfarm tenant-occupied housing 21 -10.5 -10.8
Farm tenant-occupied housing 22 -0.2 -0.2
Farms owned by nonoperator
landlords 23 -0.2 -0.2
Nonfarm nonresidential properties 24 -0.3 -0.3
Proprietors' income 25 -0.6 -0.5
2003 2004
Capital consumption adjustment (1) 216.2 255.3
For consistent accounting at
historical cost 343.5 411.2
For current-cost valuation -127.3 -156.0
Domestic corporate business 107.9 141.8
For consistent accounting at
historical cost 163.0 215.2
For current-cost valuation -55.2 -73.5
Financial 17.9 22.1
For consistent accounting at
historical cost 18.5 26.2
For current-cost valuation -0.7 -4.1
Nonfinancial 90.0 119.7
For consistent accounting at
historical cost 144.5 189.0
For current-cost valuation -54.5 -9.3
Domestic noncorporate business 108.3 113.5
Sole proprietorships and partnerships 120.9 129.3
Farm (1) -5.3 -5.9
Nonfarm 126.2 135.2
For consistent accounting at 180.4 196.0
historical cost
For current-cost valuation -54.2 -0.8
Other private business (1) -12.6 -15.9
Rental income of persons -12.1 -15.3
Nonfarm tenant-occupied housing -11.4 -14.5
Farm tenant-occupied housing -0.2 -0.2
Farms owned by nonoperator
landlords -0.2 -0.2
Nonfarm nonresidential properties -0.3 -0.4
Proprietors' income -0.5 -0.6
(1) Except for farm proprietorships and partnerships (line 15) and
other private business (line 19), the capital consumption adjustment
is calculated in two parts. The adjustment for consistent accounting
at historical cost converts depreciation, based on the service lives
and depreciation schedules employed by firms when filing their income
tax returns, to consistent service lives and empirically based
depreciation schedules. The adjust-ment for current-cost valuation
converts the historical-cost series with consistent accounting to a
series valued at current cost. For farm proprietorships and
partnerships and for other private business, the historical-cost
series is based on consistent service lives and empirically based
depreciation schedules, so the adjustment reflects only a conversion
to current-cost valuation.
Table 7.7. Business Current Transfer Payments by Type
[Billions of dollars]
Line 2001 2002
Business current transfer payments (net) 1 92.8 84.3
Payments to persons (net) 2 50.0 37.3
Insurance payments to persons by
business 3 33.7 22.1
Automobile insurance 4 15.2 14.6
Medical malpractice insurance 5 5.5 5.8
Net insurance settlements 6 13.0 1.7
Donations by corporate business to
nonprofit institutions serving
households 7 11.4 10.3
Other (1) 8 4.8 4.9
Payments to government (net) (2) 9 47.5 46.6
Payments to the rest of the world (net) (3) 10 -4.7 0.3
2003 2004
Business current transfer payments (net) 81.6 91.1
Payments to persons (net) 30.5 33.0
Insurance payments to persons by
business 14.2 16.0
Automobile insurance 14.0 13.5
Medical malpractice insurance 6.5 7.3
Net insurance settlements -6.3 -4.8
Donations by corporate business to
nonprofit institutions serving
households 11.0 11.5
Other (1) 5.3 5.5
Payments to government (net) (2) 48.9 51.5
Payments to the rest of the world (net) (3) 2.3 6.6
(1.) Consists largely of losses by business due to fraud and
unrecovered thefts, corporate cash prizes, and payments from
personal injury trust funds.
(2.) For detail, see table 3.7.
(3.) Consists of net insurance settlements paid to the rest
of the world less net insurance settlements received from
the rest of the world.
Table 7.8. Supplements to Wages and Salaries by Type
[Billions of dollars]
Line 2001 2002
Supplements to wages and salaries 1 999.3 1,110.3
Employer contributions for government social
insurance (3.6:2) 2 356.6 365.2
Employer contributions for employee pension
and insurance funds (6.11A-D:1) 3 642.7 745.1
By type
Pension, profit-sharing, and other retirement
benefit plans (1) 4 477.8 547.7
Old-age, survivors, and disability
insurance (3.6:5) 5 243.3 248.0
Federal civilian employee retirement
(6.11A-C:26; 6.11D:28) 6 42.3 43.9
Federal military employee retirement
(6.11A-C:27; 6.11D:29) 7 29.4 33.7
Railroad retirement (3.6:12) 8 2.8 2.7
Pension benefit guaranty (3.6:13) 9 0.9 0.8
State and local employee retirement
(6.11A-C:28; 6.11D:30) 10 38.8 41.8
Private pension and profit-sharing
(6.11A-C:22; 6.11D:24) 11 120.2 176.8
Health insurance 12 423.3 456.9
Federal hospital insurance (3.6:6) 13 68.7 69.0
Military medical insurance (3.6:16) 14 1.3 1.5
Temporary disability insurance (3.6:18) 15 0.0 0.0
Private group health insurance (6.11B,C:31;
6.11 D:33) (2) 16 353.3 386.5
Life insurance 17 13.1 12.3
Veterans life insurance (3.6:14) 18 0.0 0.0
Private group life insurance (6.11B,C:32;
6.11D:34) (2) 19 13.0 12.3
Workers' compensation 20 55.8 62.6
Federal (3.6:15) 21 2.3 2.4
State and local (3.6:19) 22 9.7 11.9
Private insurance (6.11B,C:33;
6.11D:35) (2) 23 43.8 48.4
Unemployment insurance 24 29.4 30.7
State unemployment insurance (3.6:8) 25 20.1 21.4
Federal unemployment tax (3.6:9) 26 7.0 6.9
Railroad employees unemployment insurance
(3.6:10) 27 0.1 0.1
Federal employees unemployment insurance
(3.6:11) 28 0.4 0.6
Private supplemental unemployment (6.11B,
C:34; 6.11D:36) 29 1.8 1.7
2003 2004
Supplements to wages and salaries 1,210.0 1,298.1
Employer contributions for government social
insurance (3.6:2) 380.0 402.7
Employer contributions for employee pension
and insurance funds (6.11A-D:1) 830.0 895.5
By type
Pension, profit-sharing, and other retirement
benefit plans (1) 598.3 611.9
Old-age, survivors, and disability
insurance (3.6:5) 254.6 265.0
Federal civilian employee retirement
(6.11A-C:26; 6.11D:28) 41.2 47.5
Federal military employee retirement
(6.11A-C:27; 6.11D:29) 41.1 46.2
Railroad retirement (3.6:12) 2.5 2.5
Pension benefit guaranty (3.6:13) 0.9 1.2
State and local employee retirement
(6.11A-C:28; 6.11D:30) 52.9 50.6
Private pension and profit-sharing
(6.11A-C:22; 6.11D:24) 205.0 198.8
Health insurance 496.8 559.6
Federal hospital insurance (3.6:6) 70.9 75.0
Military medical insurance (3.6:16) 1.8 2.1
Temporary disability insurance (3.6:18) 0.0 0.0
Private group health insurance (6.11B,C:31;
6.11 D:33) (2) 424.1 482.5
Life insurance 11.5 11.8
Veterans life insurance (3.6:14) 0.0 0.0
Private group life insurance (6.11B,C:32;
6.11D:34) (2) 11.4 11.7
Workers' compensation 68.1 72.9
Federal (3.6:15) 2.4 2.5
State and local (3.6:19) 13.3 14.0
Private insurance (6.11B,C:33;
6.11D:35) (2) 52.5 56.3
Unemployment insurance 35.3 42.0
State unemployment insurance (3.6:8) 26.0 32.5
Federal unemployment tax (3.6:9) 6.8 6.9
Railroad employees unemployment insurance
(3.6:10) 0.1 0.1
Federal employees unemployment insurance
(3.6:11) 0.7 0.7
Private supplemental unemployment (6.11B,
C:34; 6.11D:36) 1.7 1.8
(1.) Employer contributions to privately administered programs and
to publicly administered government employee retirement plans
are classified as employer contributions for employee pension
and insurance funds. Employer contributions to other publicly
administered programs are classified as employer contributions
for government social insurance.
(2.) Government contributions to privately administered health,
life, and workers' compensation insurance for government employees
are classified as employer contributions for employee pension and
insurance funds.
NOTE. The numbers in parentheses indicate the tables and line
numbers from which the entries in this table are derived.
Table 7.9. Rental Income of Persons by Legal Form of Organization
and by Type of Income
[Billions of dollars]
Line 2001 2002
Rental income of persons with capital
consumption adjustment 1 167.4 152.9
Other private business 2 65.7 57.3
Tenant-occupied housing 3 41.2 38.2
Nonfarm tenant-occupied permanent site
housing 4 40.5 37.5
Farm tenant-occupied housing owned by farm
operator landlords 5 0.7 0.7
Farms owned by nonoperator landlords (1) 6 5.6 4.9
Nonfarm nonresidential properties (2) 7 0.8 0.6
Royalties 8 18.0 13.5
Households and nonprofit institutions 9 101.7 95.7
Nonfarm owner-occupied housing 10 96.9 90.7
Permanent site 11 81.8 74.3
Manufactured homes 12 15.1 16.4
Farm owner-occupied housing owned by farm
operators 13 2.8 2.7
Tenant-occupied housing owned by nonprofit
institutions 14 2.0 2.2
Addendum:
Rental income with capital consumption
adjustment (1-8) 15 149.4 139.4
2003 2004
Rental income of persons with capital
consumption adjustment 131.7 134.2
Other private business 51.2 44.2
Tenant-occupied housing 28.7 22.8
Nonfarm tenant-occupied permanent site
housing 28.0 22.0
Farm tenant-occupied housing owned by farm
operator landlords 0.7 0.7
Farms owned by nonoperator landlords (1) 5.2 5.0
Nonfarm nonresidential properties (2) 1.4 0.6
Royalties 15.9 15.9
Households and nonprofit institutions 80.5 90.0
Nonfarm owner-occupied housing 75.5 84.9
Permanent site 59.7 69.8
Manufactured homes 15.7 15.1
Farm owner-occupied housing owned by farm
operators 2.8 2.9
Tenant-occupied housing owned by nonprofit
institutions 2.2 2.2
Addendum:
Rental income with capital consumption
adjustment (1-8) 115.8 118.3
(1.) Includes housing, service structures, and land.
(2.) Includes rental income of private noninsured pension plans.
Table 7.10. Dividends Paid and Received by Sector
[Billions of dollars]
Line 2001 2002
Dividends paid 1 539.3 564.1
Domestic corporate business (1) 2 451.9 471.2
Financial 3 152.6 166.1
Nonfinancial 4 299.3 305.1
Rest of the world (2) 5 87.4 92.8
Dividends received 6 539.3 564.1
Domestic corporate business (2) 7 121.9 119.9
Financial 8 67.9 69.6
Nonfinancial 9 53.9 50.3
Rest of the world (1) 10 46.5 45.0
Government 11 2.0 2.0
Persons (3) 12 369.0 397.2
Publicly administered government
employee retirement plans 13 19.5 16.6
Other 14 349.4 380.6
Addenda:
Net corporate dividend payments (16 17) 15 370.9 399.2
Domestic corporate business (2-7) 16 330.1 351.3
Rest of the world (5-10) 17 40.9 47.9
Personal dividend income (15-11) 18 369.0 397.2
2003 2004
Dividends paid 627.8 715.6
Domestic corporate business (1) 530.3 611.3
Financial 177.8 187.8
Nonfinancial 352.6 423.5
Rest of the world (2) 97.5 104.3
Dividends received 627.8 715.6
Domestic corporate business (2) 136.9 154.2
Financial 79.8 91.9
Nonfinancial 57.1 62.3
Rest of the world (1) 67.7 68.4
Government 2.1 2.4
Persons (3) 421.1 490.6
Publicly administered government
employee retirement plans 16.0 17.7
Other 405.1 472.9
Addenda:
Net corporate dividend payments (16 17) 423.2 493.0
Domestic corporate business (2-7) 393.4 457.1
Rest of the world (5-10) 29.8 35.9
Personal dividend income (15-11) 421.1 490.6
(1.) Remitted earnings to foreign residents from their unincorporated
U.S. affiliates are treated as dividends paid by domestic corporate
business (line 2) and as dividends received by the rest of the world
(line 10).
(2.) Earnings of U.S. residents remitted by their unincorporated
foreign affiliates are treated as dividends paid by the rest of
the world (line 5) and as dividends received by domestic corporate
business (line 7).
(3.) Dividends received by insured private pension plans are included
in dividends received by financial corporate business (line 8), and in
imputed interest received by persons, table 7.11 (line 61).
Table 7.11. Interest Paid and Received by Sector and Legal Form of
Organization
[Billions of dollars]
Line 2001 2002
Monetary interest
Monetary interest paid 1 2,694.1 2,279.4
Domestic business (1) 2 1,642.1 1,293.1
Corporate business 3 1,370.8 1,053.7
Financial 4 873.5 614.5
On deposits (2) 5 157.8 107.8
On other liabilities 6 715.7 506.7
Nonfinancial 7 497.3 439.2
Sole proprietorships and
partnerships 8 216.3 182.7
Farm 9 9.4 9.5
Nonfarm 10 207.0 173.2
Other private business 11 55.0 56.8
Rental income of persons 12 53.8 55.6
Proprietors' income 13 1.2 1.2
Households and nonprofit
institutions 14 577.5 576.9
Households 15 559.9 559.7
Owner-occupied housing 16 335.5 350.8
Persons (3) 17 224.4 208.9
Nonprofit institutions 18 17.6 17.2
Government 19 344.4 317.4
Federal 20 258.6 229.1
State and local 21 85.8 88.3
Rest of the world 22 130.2 91.9
To business and persons 23 127.0 88.9
To Federal Government 24 3.2 3.0
Monetary interest received 25 2,694.1 2,279.4
Domestic business (1) 26 1,729.7 1,427.3
Corporate business 27 1,667.7 1,375.3
Financial 28 1,422.7 1,156.4
Nonfinancial 29 245.0 218.9
Financial sole proprietorships and
partnerships (4) 30 62.0 51.9
Other private business 31 0.0 0.0
Persons (4) 32 623.7 565.4
Publicly administered government
employee retirement plans (5) 33 104.1 106.8
Others 34 519.6 458.6
Government 35 92.7 78.4
Federal 36 17.7 14.4
State and local 37 75.0 64.0
Rest of the world 38 248.1 208.3
From business 39 165.6 131.7
From Federal Government 40 82.4 76.6
Imputed interest
Total imputed interest paid (43 70) 41 391.2 374.6
Total imputed interest received (49 89) 42 391.2 374.6
Depositor and insurance services:
Imputed interest paid 43 470.1 458.3
Domestic corporate business,
financial 44 462.0 450.5
Banks, credit agencies, and
investment companies 45 225.0 234.5
Life insurance carriers 46 205.9 183.0
Property and casualty insurance
companies 47 31.1 33.1
Rest of the world 48 8.1 7.8
Imputed interest received 49 470.1 458.3
Domestic business (1) 50 65.8 70.1
Corporate business 51 48.6 52.4
Financial 52 18.9 18.0
Nonfinancial 53 29.8 34.4
Sole proprietorships and
partnerships 54 16.7 17.3
Farm 55 0.7 0.7
Nonfarm 56 16.0 16.6
Other private business 57 0.5 0.5
Households and nonprofit institutions 58 388.5 371.9
Households 59 387.3 370.6
Owner-occupied housing 60 1.2 1.2
Persons 61 386.1 369.4
From banks credit agencies, and
investment companies 62 167.9 174.0
From life insurance carriers 63 205.9 183.0
From property and casualty
insurance companies 64 12.4 12.4
Nonprofit institutions 65 1.2 1.3
Government 66 6.1 6.5
Federal 67 0.7 0.9
State and local 68 5.3 5.6
Rest of the world 69 9.8 9.7
Borrower services:
Imputed interest paid 70 -78.9 -83.7
Domestic business (1) 71 47.3 -47.3
Corporate business 72 -37.0 -35.8
Financial 73 -5.5 -5.8
Nonfinancial 74 -31.5 -30.0
Sole proprietorships and
partnerships 75 -7.9 -8.9
Farm 76 -0.9 -0.9
Nonfarm 77 -7.0 -7.9
Other private business 78 -2.4 -2.7
Rental income of persons and 79 -2.4 -2.7
proprietors' income
Households and nonprofit
institutions 80 -30.0 -32.7
Households 81 -28.5 -31.0
Owner-occupied housing 82 -16.4 -18.6
Persons 83 -12.1 -12.4
Nonprofit institutions 84 -1.5 -1.7
Government 85 -0.3 -2.3
Federal 86 0.0 0.0
State and local 87 -0.3 -2.3
Rest of the world 88 -1.4 -1.4
Imputed interest received 89 -78.9 -83.7
Domestic corporate business,
financial 90 -78.9 -83.7
Banks, credit agencies, and
investment companies 91 -78.9 -83.7
Addenda:
Net interest (93 97 98 99) 92 553.4 509.5
Domestic business (2 44 71-26-50-90) 93 340.2 282.6
Corporate (3 44 72-27-51-90) 94 158.3 124.4
Sole proprietorships and
partnerships (8 75-30-54) 95 129.8 104.6
Other private business
(11 78-31-57) 96 52.1 53.6
Owner-occupied housing (16 82-00) 97 317.9 331.0
Nonprofit institutions (18 84) 98 16.1 15.5
Rest of the world (22 48 88-38-69) 99 -120.9 -119.7
Net interest paid by government
(19 85-35-66) 100 245.4 230.2
Personal interest payments (17 83) 101 212.2 196.4
Personal interest income (92 100 101)
or (32 61 65) 102 1,011.0 936.1
2003 2004
Monetary interest
Monetary interest paid 2,147.5 2,305.0
Domestic business (1) 1,182.2 1,281.0
Corporate business 941.4 1,030.2
Financial 514.9 587.2
On deposits (2) 82.5 77.4
On other liabilities 432.4 509.7
Nonfinancial 426.5 443.0
Sole proprietorships and
partnerships 182.4 188.6
Farm 8.9 9.0
Nonfarm 173.5 179.6
Other private business 58.3 62.3
Rental income of persons 57.2 61.2
Proprietors' income 1.2 1.1
Households and nonprofit
institutions 580.4 612.5
Households 563.7 596.3
Owner-occupied housing 364.5 391.2
Persons (3) 199.2 205.1
Nonprofit institutions 16.7 16.2
Government 305.6 314.2
Federal 215.2 221.5
State and local 90.3 92.8
Rest of the world 79.4 97.3
To business and persons 75.0 94.6
To Federal Government 4.4 2.7
Monetary interest received 2,147.5 2,305.0
Domestic business (1) 1,337.6 1,478.7
Corporate business 1,283.0 1,420.0
Financial 1,075.6 1,194.6
Nonfinancial 207.3 225.4
Financial sole proprietorships and
partnerships (4) 54.6 58.6
Other private business 0.0 0.0
Persons (4) 554.9 529.9
Publicly administered government
employee retirement plans (5) 109.0 110.8
Others 445.9 419.0
Government 75.8 76.2
Federal 15.6 14.8
State and local 60.2 61.4
Rest of the world 179.1 220.3
From business 105.7 130.5
From Federal Government 73.5 89.7
Imputed interest
Total imputed interest paid (43 70) 333.1 338.3
Total imputed interest received (49 89) 333.1 338.3
Depositor and insurance services:
Imputed interest paid 441.9 455.7
Domestic corporate business,
financial 434.8 448.7
Banks, credit agencies, and
investment companies 218.2 232.6
Life insurance carriers 183.5 184.1
Property and casualty insurance
companies 33.1 32.0
Rest of the world 7.0 7.0
Imputed interest received 441.9 455.7
Domestic business (1) 63.8 64.4
Corporate business 47.9 48.1
Financial 17.1 17.8
Nonfinancial 30.8 30.3
Sole proprietorships and
partnerships 15.5 15.8
Farm 0.6 0.6
Nonfarm 14.9 15.2
Other private business 0.5 0.5
Households and nonprofit institutions 364.0 377.3
Households 362.7 376.1
Owner-occupied housing 1.3 1.2
Persons 361.4 374.9
From banks credit agencies, and
investment companies 165.9 178.8
From life insurance carriers 183.5 184.1
From property and casualty
insurance companies 12.0 11.9
Nonprofit institutions 1.3 1.2
Government 5.8 6.0
Federal 0.6 0.4
State and local 5.2 5.6
Rest of the world 8.2 8.0
Borrower services:
Imputed interest paid -108.8 -117.4
Domestic business (1) -57.9 -60.2
Corporate business -43.5 -45.1
Financial -7.5 -8.4
Nonfinancial -36.0 -36.7
Sole proprietorships and
partnerships -10.6 -10.6
Farm -1.1 -1.1
Nonfarm -9.5 -9.6
Other private business -3.8 -4.4
Rental income of persons and -3.8 -4.4
proprietors' income
Households and nonprofit
institutions -45.2 -51.9
Households -43.1 -49.6
Owner-occupied housing -27.0 -31.2
Persons -16.1 -18.4
Nonprofit institutions -2.2 -2.3
Government -4.2 -3.9
Federal 0.0 0.0
State and local -4.2 -3.9
Rest of the world -1.5 -1.4
Imputed interest received -108.8 -117.4
Domestic corporate business,
financial -108.8 -117.4
Banks, credit agencies, and
investment companies -108.8 -117.4
Addenda:
Net interest (93 97 98 99) 514.8 491.2
Domestic business (2 44 71-26-50-90) 266.4 243.9
Corporate (3 44 72-27-51-90) 110.7 83.0
Sole proprietorships and
partnerships (8 75-30-54) 101.8 103.5
Other private business
(11 78-31-57) 54.0 57.3
Owner-occupied housing (16 82-00) 336.2 358.8
Nonprofit institutions (18 84) 14.5 13.8
Rest of the world (22 48 88-38-69) -102.4 -125.3
Net interest paid by government
(19 85-35-66) 219.7 228.1
Personal interest payments (17 83) 183.2 186.7
Personal interest income (92 100 101)
or (32 61 65) 917.6 905.9
(1.) Excludes interest paid or received by government enterprises,
which is included in the government sector.
(2.) Consists of interest paid on the deposit liabilities of commercial
and mutual savings banks, savings and loan associations, and credit
unions.
(3.) Consists of nonmortgage interest paid by households.
(4.) Interest received by nonfinancial sole proprietorships and
partnerships is considered interest received by persons and is included
in line 32.
(5.) Beginning with October 2002, includes the Uniformed Services
Retiree Health Care Fund.
(6.) Includes nonprofit institutions primarily serving households.
NOTE. In this table, imputed interest paid (line 41) is the sum of (1)
premium supplements paid to property and casualty insurance carriers by
households and institutions, governments, domestic business, and the
rest of the world as a measure of imputed services provided to these
sectors by the property and casualty insurance providers, (2) the
difference between the property income received by financial
intermediaries from the investment of depositors' or beneficiaries'
funds and the interest paid by them to business, households and
institutions, governments, and the rest of the world, and (3) the
imputed services provided to these sectors in the role of borrowers
of financial services; these services are included as negative
amounts paid by the borrowers and received by the financial
intermediaries.
Table 7.12. Imputations in the National Income and Product Accounts
[Billions of dollars]
Line 2001 2002
Gross domestic product
Gross domestic product 1 10,128.0 10,469.6
Imputations (133-134 141 147 148 150
152 153 158 160 161 165-166 167
170 179 181) 2 1,472.1 1,555.1
Excluding imputations (1-2) 3 8,655.9 8,914.5
Personal consumption expenditures 4 7,055.0 7,350.7
Imputations (133-134 141 147 152 160
167 171 172 173 174-177-178) 5 792.8 820.4
Excluding imputations (4-5) 6 6,262.3 6,530.3
Gross private domestic investment 7 1,614.3 1,582.1
Imputations (177 178 179) 8 493.9 540.4
Excluding imputations (7-8) 9 1,120.5 1,041.7
Net exports of goods and services 10 -367.0 -424.4
Imputations (14-17) 11 3.0 3.3
Excluding imputations (10-11) 12 -370.1 -427.7
Exports of goods and services 13 1,032.8 1,005.9
Imputations (150 158 165) 14 11.1 11.1
Excluding imputations (13-14) 15 1,021.7 994.8
Imports of goods and services 16 1,399.8 1,430.3
Imputations(166) 17 8.1 7.8
Excluding imputations (16-17) 18 1,391.7 1,422.6
Government consumption expenditures and
gross investment 19 1,825.6 1,961.1
Imputations (148 153 161 175 181) 20 182.4 190.9
Excluding imputations (19-20) 21 1,643.2 1,770.2
Government consumption expenditures 22 1,501.6 1,616.9
Imputations (148 153 161 175 181
-182) 23 -141.6 -153.4
Excluding imputations (22-23) 24 1,643.2 1,770.2
Gross government investment 25 324.0 344.3
Imputations (182) 26 324.0 344.3
Excluding imputations (25-26) 27 0.0 0.0
Gross domestic income
Gross domestic income 28 10,217.6 10,490.6
Imputations (133-134 141 147 148 150
152 153 158 160 161 165-166 167
170 179 181) 29 1,472.1 1,555.1
Excluding imputations (28-29) 30 8,745.6 8,935.5
Compensation of employees, paid 31 5,947.2 6,096.6
Imputations (170) 32 381.5 414.7
Excluding imputations (31-32) 33 5,565.8 5,681.9
Taxes on production and imports 34 728.6 762.8
Imputations (135 142) 35 112.5 121.1
Excluding imputations (34-35) 36 616.2 641.6
Less: Subsidies 37 55.3 38.4
Imputations (136) 38 0.5 0.3
Excluding imputations (37-38) 39 54.8 38.2
Net operating surplus 40 2,315.6 2,377.6
Imputations (138 139 167 179 183) 41 636.9 657.3
Excluding imputations (40-41) 42 1,678.7 1,720.4
Net interest and miscellaneous
payments 43 687.2 640.7
Imputations (183) 44 536.9 558.9
Excluding imputations (43-44) 45 150.3 81.8
Business current transfer payments
(net) 46 92.8 84.3
Imputations(138) 47 -2.6 1.9
Excluding imputations (46-47) 48 95.5 82.4
Proprietors' income with inventory
valuation and capital consumption
adjustments 49 771.9 768.4
Imputations (167 179) 50 2.9 3.1
Excluding imputations (49-50) 51 769.0 765.3
Rental income of persons with capital
consumption adjustment 52 167.4 152.9
Imputations(139) 53 99.7 93.4
Excluding imputations (52-53) 54 67.8 59.5
Consumption of fixed capital 55 1,281.5 1,292.0
Imputations (140 144 181) 56 341.7 362.2
Excluding imputations (55-56) 57 939.7 929.7
Personal income, outlays, and saving
Personal income 58 8,724.1 8,881.9
Imputations (139-136 147 160
-164 167 171 172 173 174 179) 59 660.4 693.6
Excluding imputations (58-59) 60 8,063.7 8,188.3
Compensation of employees, received 61 5,942.1 6,091.2
Imputations (170) 62 381.5 414.7
Excluding imputations (61-62) 63 5,560.6 5,676.5
Proprietors' income with inventory
valuation and capital consumption
adjustments 64 771.9 768.4
Imputations (167 179) 65 2.9 3.1
Excluding imputations (64-65) 66 769.0 765.3
Rental income of persons with capital
consumption adjustment 67 167.4 152.9
Imputations (139) 68 99.7 93.4
Excluding imputations (67-68) 69 67.8 59.5
Personal interest income 70 1,011.0 936.1
Imputations (147 160-164) 71 180.3 186.5
Excluding imputations (70-71) 72 830.7 749.6
Personal current transfer receipts 73 1,193.9 1,286.2
Imputations (-136) 74 -0.5 -0.3
Excluding imputations (73-74) 75 1,194.5 1,286.4
Less: Contributions for government
social insurance 76 731.1 750.0
Imputations (175) 77 3.4 3.8
Excluding imputations (76-77) 78 727.7 746.2
Personal current taxes 79 1,237.3 1,051.8
Imputations (-135-142) 80 -112.5 -121.1
Excluding imputations(79-80) 81 1,349.8 1,173.0
Disposable personal income 82 7,486.8 7,830.1
Imputations (59-80) 83 772.9 814.7
Excluding imputations (82-83) 84 6,714.0 7,015.3
Personal outlays 85 7,354.5 7,645.3
Imputations (5-138 198) 86 448.1 458.3
Excluding imputations (85-86) 87 6,906.4 7,187.0
Personal saving 88 132.3 184.7
Imputations (177 178 179-140-144) 89 324.8 356.4
Excluding imputations (88-89) 90 -192.5 -171.7
Government current receipts,
expenditures, and net saving
Government current receipts 91 3,113.1 2,958.7
Imputations (148 161 175) 92 9.5 10.4
Excluding imputations (91-92) 93 3,103.6 2,948.3
Government current expenditures 94 3,061.6 3,240.8
Imputations (148 161 175 181-182) 95 -141.9 -155.6
Excluding imputations (94-95) 96 3,203.5 3,396.5
Net government saving 97 51.5 -282.1
Imputations (182-181) 98 151.3 166.0
Excluding imputations (97-98) 99 -99.8 -448.1
Current receipts from and
payments to the rest of the world
Current receipts from the rest of the
world 100 1,355.2 1,311.6
Imputations (150 165 166) 101 17.9 17.5
Excluding imputations(100-101) 102 1,337.4 1,294.1
Exports of goods and services 103 1,032.8 1,005.9
Imputations (150 158 165) 104 11.1 11.1
Excluding imputations (103-104) 105 1,021.7 994.8
Income receipts from the rest of the
world 106 322.4 305.7
Imputations (-158 166) 107 6.7 6.4
Excluding imputations (106-107) 108 315.7 299.3
Current payments to the rest of the world 109 1,725.6 1,769.9
Imputations (150 165 166) 110 17.9 17.5
Excluding imputations (109-110) 111 1,707.8 1,752.4
Imports of goods and services 112 1,399.8 1,430.3
Imputations (166) 113 8.1 7.8
Excluding imputations (112-113) 114 1,391.7 1,422.6
Income payments to the rest of the world 115 278.8 275.0
Imputations (150 165) 116 9.8 9.7
Excluding imputations (115-116) 117 269.0 265.3
Gross saving or
gross domestic investment
Gross domestic investment, or gross saving
and statistical discrepancy 118 1,567.9 1,468.1
Imputations(176 182) 119 817.9 884.7
Excluding imputations (118-119) 120 750.1 583.4
Net saving 121 376.1 197.1
Imputations (176 182-140-144-181) 122 476.1 522.4
Excluding imputations (121-122) 123 -100.0 -325.3
Personal saving 124 132.3 184.7
Imputations (176-140-144) 125 324.8 356.4
Excluding imputations (124-125) 126 -192.5 -171.7
Net government saving 127 51.5 -282.1
Imputations (182-181) 128 151.3 166.0
Excluding imputations (127-128) 129 -99.8 -448.1
Consumption of fixed capital 130 1,281.5 1,292.0
Imputations (140 144 181) 131 341.7 362.2
Excluding imputations (130-131) 132 939.7 929.7
Specific imputations
Owner-occupied housing:
Space rent 133 775.6 816.1
Intermediate inputs 134 126.5 141.0
Taxes on production and imports 135 107.3 115.5
Subsidies 136 0.5 0.3
Net interest (186-156-164) 137 317.9 331.0
Current transfer payments 138 -2.6 1.9
Rental income of persons with capital
consumption adjustment (133-134-135
136-137-138-140) 139 99.7 93.4
Consumption of fixed capital 140 127.4 133.5
Rental value of nonresidential fixed
assets owned and used by nonprofit
institutions serving households (1) 141 62.9 71.6
Taxes on production and imports 142 5.2 5.6
Net interest (187 190) 143 16.1 15.5
Consumption of fixed capital 144 41.6 50.5
Services furnished without payment by
financial intermediaries except life
insurance carriers (146 151) 145 304.0 318.2
Depositor services 146 225.0 234.5
Persons (2) 147 167.9 174.0
Government 148 5.8 6.3
Private enterprises 149 43.3 46.4
Rest of the world (3) 150 8.1 7.8
Borrower services 151 78.9 83.7
Persons 152 12.1 12.4
Government 153 0.3 2.3
Private enterprises 154 65.2 67.6
Domestic business 155 47.3 47.3
Owner-occupied housing 156 16A 18.6
Nonprofit institutions serving
households 157 1.5 1.7
Rest of the world (4) 158 1.4 1.4
Premium supplements for property and
casualty insurance (160 161 162 165-166) 159 31.1 33.1
Persons and nonprofit institutions
serving households 160 13.6 13.7
Government 161 0.2 0.2
Private enterprises 162 23.7 25.0
Domestic business 163 22.5 23.7
Owner-occupied housing 164 1.2 1.2
To the rest of the world (exports) 165 1.7 2.0
From the rest of the world (imports) 166 8.1 7.8
Farm products consumed on farms 167 0.2 0.2
Output 168 0.5 0.5
Less: Intermediate inputs 169 0.3 0.3
Employment-related imputations 170 381.5 414.7
Food furnished to employees, including
military and domestic service (5) 171 10.8 11.3
Standard clothing issued to military
personnel (5) 172 0.3 0.4
Employees' lodging (5) 173 0.6 0.5
Employer contributions for health and
life insurance (6) 174 366.3 398.8
Contributions for government social
insurance for Federal Government
employees for certain programs (7) 175 3.4 3.8
Private investment-related imputations 176 493.9 540.4
Owner-occupied residential
structures (8) 177 418.4 452.6
Nonresidential fixed investment by
nonprofit institutions serving
households (9) 178 72.7 84.9
Margins on owner-built housing 179 2.7 2.9
Government investment-related imputations 180 496.7 522.5
General government consumption of fixed
capital (10) 181 172.7 178.3
Gross government investment (11) 182 324.0 344.3
Interest-related imputations:
Net interest, domestic (184-191 192-195) 183 536.9 558.9
Interest paid by persons 184 335.2 347.8
Monetary interest paid by persons 185 353.1 368.0
Owner-occupied housing 186 335.5 350.8
Interest paid by nonprofit
institutions serving households 187 17.6 17.2
Imputed interest paid by persons 188 -17.9 -20.2
Owner-occupied housing (-156) 189 -16.4 -18.6
Nonprofit institutions serving
households (-157) 190 -1.5 -1.7
Less: Imputed interest received by
persons (164) 191 1.2 1.2
Imputed interest paid by private
enterprises 192 190.9 200.0
By banks, credit agencies, and
investment companies for depositor
services and by property and
casualty insurance carriers
(146 159) 193 256.1 267.6
By private enterprises for borrower
services (-154) 194 -65.2 -67.6
Less: Imputed interest received 195 -12.0 -12.3
By banks for borrower services
(-151) 196 -78.9 -83.7
By other private enterprises
(149 162) 197 67.0 71.4
Personal interest payments 198 -347.3 -360.2
Owner-occupied housing (-186 156) 199 -319.1 -332.2
Interest paid by nonprofit institutions
serving households (-143) 200 -16.1 -15.5
Borrower services paid by persons (-152) 201 -12.1 -12.4
Personal interest income (147 160-164) 202 180.3 186.5
Net interest, domestic (183) 203 536.9 558.9
Net interest, rest of the world
(-150-158-165 166) 204 -3.0 -3.3
Net imputed interest paid by government
(-148-153-161) 205 -6.3 -8.8
Personal interest payments (198) 206 -347.3 -360.2
Selected aggregates
Gross domestic product 207 10,128.0 10,469.6
Imputations 208 1,472.1 1,555.1
Owner-occupied housing (133-134) 209 649.2 675.1
Rental value of nonresidential fixed
assets owned and used by nonprofit
institutions serving households
(142 143 144) 210 62.9 71.6
Services furnished without payment by
financial intermediaries except life
insurance carriers (147 148 150 152
153 158) 211 195.5 204.2
Premium supplements for property and
casualty insurance (160 161 165-166) 212 7.4 8.1
Employment-related imputations (170) 213 381.5 414.7
Farm products consumed on farms (167) 214 0.2 0.2
Margins on owner-built housing (179) 215 2.7 2.9
Consumption of general government
fixed capital (181) 216 172.7 178.3
Excluding imputations (207-208) 217 8,655.9 8,914.5
Personal income 218 8,724.1 8,881.9
Imputations 219 660.4 693.6
Food furnished to employees, including
military and domestic service (171) 220 10.8 11.3
Standard clothing issued to military
personnel (172) 221 0.3 0.4
Employees' lodging (173) 222 0.6 0.5
Employer contributions for health and lif 223 366.3 398.8
Farm products consumed on farms (167) 224 0.2 0.2
Margins on owner-built housing (179) 225 2.7 2.9
Owner-occupied housing (139-136) 226 99.1 93.2
Depositor services furnished without
payment by financial intermediaries
except life insurance carriers and
premium supplements (147 160-164) 227 180.3 186.5
Excluding imputations (218-219) 228 8,063.7 8,188.3
2003 2004
Gross domestic product
Gross domestic product 10,971.2 11,734.0
Imputations (133-134 141 147 148 150
152 153 158 160 161 165-166 167
170 179 181) 1,605.3 1,746.5
Excluding imputations (1-2) 9,366.0 9,987.8
Personal consumption expenditures 7,709.9 8,214.3
Imputations (133-134 141 147 152 160
167 171 172 173 174-177-178) 792.4 822.0
Excluding imputations (4-5) 6,917.5 7,392.0
Gross private domestic investment 1,670.4 1,928.1
Imputations (177 178 179) 612.5 715.5
Excluding imputations (7-8) 1,057.9 1,212.6
Net exports of goods and services -500.9 -624.0
Imputations (14-17) 2.7 24.4
Excluding imputations (10-11) -503.6 -626.4
Exports of goods and services 1,045.6 1,173.8
Imputations (150 158 165) 9.7 9.3
Excluding imputations (13-14) 1,035.9 1,164.4
Imports of goods and services 1,546.5 1,797.8
Imputations(166) 7.0 7.0
Excluding imputations (16-17) 1,539.5 1,790.8
Government consumption expenditures and
gross investment 2,091.9 2,215.9
Imputations (148 153 161 175 181) 197.7 206.6
Excluding imputations (19-20) 1,894.2 2,009.3
Government consumption expenditures 1,736.7 1,843.4
Imputations (148 153 161 175 181
-182) -157.5 -165.9
Excluding imputations (22-23) 1,894.2 2,009.3
Gross government investment 355.3 372.5
Imputations (182) 355.3 372.5
Excluding imputations (25-26) 0.0 0.0
Gross domestic income
Gross domestic income 10,924.2 11,657.5
Imputations (133-134 141 147 148 150
152 153 158 160 161 165-166 167
170 179 181) 1,605.3 1,746.5
Excluding imputations (28-29) 9,318.9 9,911.0
Compensation of employees, paid 6,326.7 6,693.4
Imputations (170) 452.9 512.4
Excluding imputations (31-32) 5,873.8 6,181.0
Taxes on production and imports 801.4 852.8
Imputations (135 142) 126.8 135.1
Excluding imputations (34-35) 674.6 717.7
Less: Subsidies 46.7 43.5
Imputations (136) 0.6 0.9
Excluding imputations (37-38) 46.1 42.6
Net operating surplus 2,511.4 2,719.4
Imputations (138 139 167 179 183) 644.3 678.1
Excluding imputations (40-41) 1,867.2 2,041.3
Net interest and miscellaneous
payments 630.9 630.9
Imputations (183) 558.6 595.3
Excluding imputations (43-44) 72.3 35.0
Business current transfer payments
(net) 81.6 91.1
Imputations(138) 4.2 -8.6
Excluding imputations (46-47) 77.4 99.8
Proprietors' income with inventory
valuation and capital consumption
adjustments 810.2 889.6
Imputations (167 179) 3.2 3.6
Excluding imputations (49-50) 807.0 886.0
Rental income of persons with capital
consumption adjustment 131.7 134.2
Imputations(139) 78.3 87.8
Excluding imputations (52-53) 53.4 46.4
Consumption of fixed capital 1,331.3 1,435.3
Imputations (140 144 181) 381.9 421.7
Excluding imputations (55-56) 949.4 1,013.6
Personal income, outlays, and saving
Personal income 9,169.1 9,713.3
Imputations (139-136 147 160
-164 167 171 172 173 174 179) 707.4 789.0
Excluding imputations (58-59) 8,461.7 8,924.3
Compensation of employees, received 6,321.1 6,687.6
Imputations (170) 452.9 512.4
Excluding imputations (61-62) 5,868.2 6,175.2
Proprietors' income with inventory
valuation and capital consumption
adjustments 810.2 889.6
Imputations (167 179) 3.2 3.6
Excluding imputations (64-65) 807.0 886.0
Rental income of persons with capital
consumption adjustment 131.7 134.2
Imputations (139) 78.3 87.8
Excluding imputations (67-68) 53.4 46.4
Personal interest income 917.6 905.9
Imputations (147 160-164) 177.9 190.7
Excluding imputations (70-71) 739.7 715.2
Personal current transfer receipts 1,344.0 1,427.5
Imputations (-136) -0.6 -0.9
Excluding imputations (73-74) 1,344.5 1,428.4
Less: Contributions for government
social insurance 776.6 822.2
Imputations (175) 4.3 4.7
Excluding imputations (76-77) 772.3 817.5
Personal current taxes 999.9 1,049.1
Imputations (-135-142) -126.8 -135.1
Excluding imputations(79-80) 1,126.7 1,184.2
Disposable personal income 8,169.2 8,664.2
Imputations (59-80) 834.2 924.1
Excluding imputations (82-83) 7,335.0 7,740.1
Personal outlays 7,996.3 8,512.5
Imputations (5-138 198) 420.1 438.3
Excluding imputations (85-86) 7,576.2 8,074.1
Personal saving 172.8 151.8
Imputations (177 178 179-140-144) 414.0 485.8
Excluding imputations (88-89) -241.2 -334.0
Government current receipts,
expenditures, and net saving
Government current receipts 3,018.1 3,208.2
Imputations (148 161 175) 10.1 10.8
Excluding imputations (91-92) 3,008.0 3,197.5
Government current expenditures 3,424.7 3,620.6
Imputations (148 161 175 181-182) -161.7 -169.8
Excluding imputations (94-95) 3,586.4 3,790.3
Net government saving -406.5 -412.3
Imputations (182-181) 171.8 180.5
Excluding imputations (97-98) -578.3 -592.9
Current receipts from and
payments to the rest of the world
Current receipts from the rest of the
world 1,389.3 1,589.2
Imputations (150 165 166) 15.3 14.9
Excluding imputations(100-101) 1,374.0 1,574.3
Exports of goods and services 1,045.6 1,173.8
Imputations (150 158 165) 9.7 9.3
Excluding imputations (103-104) 1,035.9 1,164.4
Income receipts from the rest of the
world 343.7 415.4
Imputations (-158 166) 5.6 5.6
Excluding imputations (106-107) 338.1 409.8
Current payments to the rest of the world 1,893.8 2,240.9
Imputations (150 165 166) 15.3 14.9
Excluding imputations (109-110) 1,878.5 2,226.0
Imports of goods and services 1,546.5 1,797.8
Imputations (166) 7.0 7.0
Excluding imputations (112-113) 1,539.5 1,790.8
Income payments to the rest of the world 275.6 361.7
Imputations (150 165) 8.2 8.0
Excluding imputations (115-116) 267.4 353.7
Gross saving or
gross domestic investment
Gross domestic investment, or gross saving
and statistical discrepancy 1,521.1 1,648.9
Imputations(176 182) 967.7 1,088.0
Excluding imputations (118-119) 553.4 560.8
Net saving 142.7 136.8
Imputations (176 182-140-144-181) 585.8 666.3
Excluding imputations (121-122) -443.1 -529.5
Personal saving 172.8 151.8
Imputations (176-140-144) 414.0 485.8
Excluding imputations (124-125) -241.2 -334.0
Net government saving -406.5 -412.3
Imputations (182-181) 171.8 180.5
Excluding imputations (127-128) -578.3 -592.9
Consumption of fixed capital 1,331.3 1,435.3
Imputations (140 144 181) 381.9 421.7
Excluding imputations (130-131) 949.4 1,013.6
Specific imputations
Owner-occupied housing:
Space rent 850.2 904.7
Intermediate inputs 167.3 168.2
Taxes on production and imports 120.9 128.9
Subsidies 0.6 0.9
Net interest (186-156-164) 336.2 358.8
Current transfer payments 4.2 -8.6
Rental income of persons with capital
consumption adjustment (133-134-135
136-137-138-140) 78.3 87.8
Consumption of fixed capital 143.9 170.5
Rental value of nonresidential fixed
assets owned and used by nonprofit
institutions serving households (1) 74.9 79.4
Taxes on production and imports 5.9 6.3
Net interest (187 190) 14.5 13.8
Consumption of fixed capital 54.5 59.3
Services furnished without payment by
financial intermediaries except life
insurance carriers (146 151) 327.0 349.9
Depositor services 218.2 232.6
Persons (2) 165.9 178.8
Government 5.6 5.8
Private enterprises 40.4 41.8
Rest of the world (3) 6.3 6.2
Borrower services 108.8 117.4
Persons 16.1 18.4
Government 4.2 3.9
Private enterprises 87.1 93.7
Domestic business 57.9 60.2
Owner-occupied housing 27.0 31.2
Nonprofit institutions serving
households 2.2 2.3
Rest of the world (4) 1.5 1.4
Premium supplements for property and
casualty insurance (160 161 162 165-166) 33.1 32.0
Persons and nonprofit institutions
serving households 13.3 13.2
Government 0.2 0.2
Private enterprises 24.8 23.8
Domestic business 23.5 22.5
Owner-occupied housing 1.3 1.2
To the rest of the world (exports) 1.9 1.8
From the rest of the world (imports) 7.0 7.0
Farm products consumed on farms 0.2 0.2
Output 0.5 0.5
Less: Intermediate inputs 0.3 0.3
Employment-related imputations 452.9 512.4
Food furnished to employees, including
military and domestic service (5) 12.0 12.6
Standard clothing issued to military
personnel (5) 0.5 0.3
Employees' lodging (5) 0.4 0.6
Employer contributions for health and
life insurance (6) 435.6 494.2
Contributions for government social
insurance for Federal Government
employees for certain programs (7) 4.3 4.7
Private investment-related imputations 612.5 715.5
Owner-occupied residential
structures (8) 517.8 613.5
Nonresidential fixed investment by
nonprofit institutions serving
households (9) 91.7 98.6
Margins on owner-built housing 3.0 3.4
Government investment-related imputations 538.7 564.5
General government consumption of fixed
capital (10) 183.5 192.0
Gross government investment (11) 355.3 372.5
Interest-related imputations:
Net interest, domestic (184-191 192-195) 558.6 595.3
Interest paid by persons 352.0 373.9
Monetary interest paid by persons 381.2 407.4
Owner-occupied housing 364.5 391.2
Interest paid by nonprofit
institutions serving households 16.7 16.2
Imputed interest paid by persons -29.2 -33.5
Owner-occupied housing (-156) -27.0 -31.2
Nonprofit institutions serving
households (-157) -2.2 -2.3
Less: Imputed interest received by
persons (164) 1.3 1.2
Imputed interest paid by private
enterprises 164.3 170.9
By banks, credit agencies, and
investment companies for depositor
services and by property and
casualty insurance carriers
(146 159) 251.3 264.6
By private enterprises for borrower
services (-154) -87.1 -93.7
Less: Imputed interest received -43.7 -51.7
By banks for borrower services
(-151) -108.8 -117.4
By other private enterprises
(149 162) 65.1 65.6
Personal interest payments -368.1 -392.3
Owner-occupied housing (-186 156) -337.5 -360.1
Interest paid by nonprofit institutions
serving households (-143) -14.5 -13.8
Borrower services paid by persons (-152) -16.1 -18.4
Personal interest income (147 160-164) 177.9 190.7
Net interest, domestic (183) 558.6 595.3
Net interest, rest of the world
(-150-158-165 166) -2.7 -2.4
Net imputed interest paid by government
(-148-153-161) -10.0 -9.9
Personal interest payments (198) -368.1 -392.3
Selected aggregates
Gross domestic product 10,971.2 11,734.3
Imputations 1,605.3 1,746.5
Owner-occupied housing (133-134) 682.9 736.4
Rental value of nonresidential fixed
assets owned and used by nonprofit
institutions serving households
(142 143 144) 74.9 79.4
Services furnished without payment by
financial intermediaries except life
insurance carriers (147 148 150 152
153 158) 199.6 214.4
Premium supplements for property and
casualty insurance (160 161 165-166) 8.4 8.2
Employment-related imputations (170) 452.9 512.4
Farm products consumed on farms (167) 0.2 0.2
Margins on owner-built housing (179) 3.0 3.4
Consumption of general government
fixed capital (181) 183.5 192.0
Excluding imputations (207-208) 9,366.0 9,987.8
Personal income 9,169.1 9,713.3
Imputations 707.4 789.0
Food furnished to employees, including
military and domestic service (171) 12.0 12.6
Standard clothing issued to military
personnel (172) 0.5 0.3
Employees' lodging (173) 0.4 0.6
Employer contributions for health and lif 435.6 494.2
Farm products consumed on farms (167) 0.2 0.2
Margins on owner-built housing (179) 3.0 3.4
Owner-occupied housing (139-136) 77.7 86.9
Depositor services furnished without
payment by financial intermediaries
except life insurance carriers and
premium supplements (147 160-164) 177.9 190.7
Excluding imputations (218-219) 8,461.7 8,924.3
(1.) Residential dwellings owned and used by nonprofit institutions
serving households are included in owner-occupied housing categories.
(2.) Includes services furnished without payment by financial
intermediaries except life insurance carriers to government employee
retirement plans.
(3.) Classified as a service in exports, and as an income payment to
the rest of the world.
(4.) Classified as a service in exports, and as an income receipt
from the rest of the world.
(5.) For general government employees, recorded as compensation of
employees (wages and salaries) and as a sale; does not affect
government consumption expenditures. Similar payments for employees of
government enterprises are not included in government consumption
expenditures; they are deducted in the calculation of the surplus
of government enterprises.
(6.) Health insurance premiums paid by employers are included in the
calculation of the "health insurance" category of personal consumption
expenditures (PCE); life insurance premiums paid by employers are
included in the calculation of the "expenses of handling life insurance
and pension plans" category of PCE.
(7.) Consists of the programs for which a social insurance fund is
imputed, and for which contributions are set equal to benefits paid.
These payments are funded directly out of the current budget. The
specific programs consist of workers' compensation, unemployment
insurance, and medical services for the dependents of active duty
military personnel at nonmilitary facilities. Source data are not
available for the corresponding treatment for similar state and local
government programs. Similar payments for employees of government
enterprises are not included in government consumption expenditures;
they are deducted in the calculation of the surplus of government
enterprises.
(8.) Consists of owner-occupant purchases of new single-family
dwellings, including manufactured homes, expenditures on improvements,
and payments of commissions on new and existing residential dwellings,
less sales of dwellings to government. The series is calculated from
the investment data prepared as part of BEA's capital stock estimates.
It differs from the investment data shown in table 5.4.5 because the
series shown in that table reflect total purchases by private business.
(9.) Excludes investment by nonprofit institutions serving households
in residential properties, which is included in owner-occupant
investment (see footnote 1) and in sales of existing structures to
governments. The series is calculated from the investment data prepared
as part of BEA's capital stock estimates. It differs from the
investment data shown in table 5.4.5 because the series shown in that
table reflect total purchases by private business.
(10.) The consumption of fixed capital (CFC) of government enterprises
is not included in government consumption expen-ditures; it is deducted
in the calculation of the current surplus of government enterprises and
is recorded as part of total government CFC.
(11.) Includes gross investment of government enterprises.
NOTE. "Imputations" are transactions recorded in the national income
and product accounts that are not transactions of the market economy.
In this table, the imputations shown in the "specific imputations"
section are those that affect gross domestic product (GDP). In table
7.11, imputed interest paid by life insurance carriers (line 46)
consists of the property incomes earned on life insurance and pension
reserves. These incomes are considered to be incomes received by
persons and not by the insurance carriers; this reclassification is
not considered an imputation for purposes of table 7.12, because it
does not affect GDP.
Table 7.13. Relation of Cinsumption of Fixed Capital in the National
Income and Product Accounts to Depreciation and Amortization as
Published by the Internal Revenue Service
[Billions of dollars]
Line 2001 2002
Corporations
Depreciation and amortization, IRS 1 761.8 829.4
Less: Depreciation of assets of foreign branches 2 3.2 2.8
Depreciation or amortization of
intangible assets (1) 3 78.8 84.4
Other (2) 4 25.8 27.4
Plus: Accidental damage to fixed capital other
than repairable damage 5 15.1 5.1
Depreciation of computer software not
in IRS depreciation 6 113.9 124.1
Depreciation of mining exploration,
shafts, and wells charged to current
expense 7 13.4 14.1
Depreciation of motor vehicles not in
IRS depreciation (3) 8 2.8 2.7
Depreciation of railroad track charged
to current expense (4) 9
Other (5) 10 1.5 1.5
Equals: Capital consumption allowances, NIPAs 11 800.6 862.2
Less: Capital consumption adjustment 12 48.1 120.1
Equals: Consumption of fixed capital, NIPAs 13 752.5 742.1
Nonfarm sole proprietorships and partnerships
Depreciation and amortization, IRS 14 211.4 232.0
Less: Depreciation or amortization of intangible
assets (1) 15 8.5 9.3
Adjustment for misreporting on income
tax returns 16 16.2 17.8
Other (6) 17 0.9 0.9
Plus: Accidental damage to fixed capital other
than repairable damage 18 1.2 0.5
Depreciation of computer software not
in IRS depreciation 19 6.3 6.9
Depreciation of mining exploration,
shafts, and wells charged to current
expense 20 3.5 3.9
Depreciation of motor vehicles not in
IRS depreciation (3) 21 0.6 0.7
Equals: Capital consumption allowances, NIPAs 22 197.5 216.0
Less: Capital consumption adjustment 23 94.4 112.8
Equals: Consumption of fixed capital, NIPAs 24 103.1 103.3
2003 2004
Corporations
Depreciation and amortization, IRS
Less: Depreciation of assets of foreign branches
Depreciation or amortization of
intangible assets (1)
Other (2)
Plus: Accidental damage to fixed capital other
than repairable damage
Depreciation of computer software not
in IRS depreciation
Depreciation of mining exploration,
shafts, and wells charged to current
expense
Depreciation of motor vehicles not in
IRS depreciation (3)
Depreciation of railroad track charged
to current expense (4)
Other (5)
Equals: Capital consumption allowances, NIPAs 862.2 941.4
Less: Capital consumption adjustment 107.9 141.8
Equals: Consumption of fixed capital, NIPAs 754.4 799.6
Nonfarm sole proprietorships and partnerships
Depreciation and amortization, IRS 251.2
Less: Depreciation or amortization of intangible
assets (1) 10.1
Adjustment for misreporting on income
tax returns 19.9
Other (6) 0.9
Plus: Accidental damage to fixed capital other
than repairable damage 0.6
Depreciation of computer software not
in IRS depreciation 7.3
Depreciation of mining exploration,
shafts, and wells charged to current
expense 4.3
Depreciation of motor vehicles not in
IRS depreciation (3) 0.7
Equals: Capital consumption allowances, NIPAs 233.2 252.8
Less: Capital consumption adjustment 126.2 135.2
Equals: Consumption of fixed capital, NIPAs 107.0 117.5
(1.) Consists of intangible assets that the IRS allows to be amortized.
(2.) Consists of depreciation or amortization of the following items:
Breeding, dairy, and work animals; motion picture films; rental
videocassettes; and rental clothing.
(3.) Consists of depreciation of employees' motor vehicles reimbursed
by business and depreciation of busi-ness motor vehicles charged to
current expense.
(4.) Beginning with 1981, included in IRS depreciation (line 1).
(5.) Consists of depreciation of assets owned by Federal Reserve
banks, Federally sponsored credit agencies, credit unions, and
nonprofit institutions serving business; depreciation of interest
paid by public utilities for own-account investment prior to 19
87 (beginning with 1987, included in line 1).
(6.) Consists of depreciation or amortization of rental videocassettes
and rental clothing.
IRS Internal Revenue Service.
Table 7.14. Relation of Nonfarm Proprietors' Income in the National
Income and Product Accounts to Corresponding Measures as
Published by the Internal Revenue Service
[Billions of dollars]
Line 2001 2002
Net profit (less loss) of nonfarm
proprietorships and partnerships, plus
payments to partners, IRS 1 401.7 414.8
Plus: Adjustments for misreporting on income
tax returns 2 300.1 307.9
Posttabulation amendments and
revisions (1) 3 -66.7 -98.9
Depletion on domestic minerals 4 1.1 1.0
Adjustment to depreciate expenditures
for mining exploration, shafts, and
wells 5 4.1 3.1
Bad debt expense 6 13.4 15.2
Income received by fiduciaries 7 1.4 1.3
Income of tax-exempt cooperatives 8 2.0 1.8
Equals: Nonfarm proprietors' income, NIPAs 9 657.0 646.3
2003 2004
Net profit (less loss) of nonfarm
proprietorships and partnerships, plus
payments to partners, IRS 443.2
Plus: Adjustments for misreporting on income
tax returns 326.0
Posttabulation amendments and
revisions (1) -132.3
Depletion on domestic minerals 1.1
Adjustment to depreciate expenditures
for mining exploration, shafts, and
wells 3.5
Bad debt expense 13.5
Income received by fiduciaries 1.4
Income of tax-exempt cooperatives 2.0
Equals: Nonfarm proprietors' income, NIPAs 658.5 723.9
(1.) Consists largely of an adjustment to expense all meals and
entertainment, of oilwell bonus payments written off, of adjustments
for corporate partners and statutory employees, of interest income,
and of margins on owner-built housing.
IRS Internal Revenue Service.
Table 7.15. Relation of Net Farm Income in the National Income and
Product Accounts to Net Farm Income as Published by the U.S.
Department of Agriculture
[Billions of dollars]
Line 2001 2002
Net farm income, USDA,, 1 49.5 37.6
Plus: Depreciation and other consumption of
farm capital, USDA 2 18.3 18.6
Farm housing expenses excluding
depreciation 3 4.3 4.6
Monetary interest received by farm
corporations 4 0.4 0.3
Valuation adjustment, Commodity Credit
Corporation loans 5 -2.2 -2.3
Change in farm materials and supplies
inventories 6 -0.6 1.2
Less: Consumption of fixed capital, NIPAs 7 27.4 27.0
Gross rental value of farm housing, USDA 8 11.4 12.0
Patronage dividends received from
cooperatives 9 0.6 0.2
Other (1) 10 1.8 2.7
Equals: Farm proprietors' income and corporate
profits with inventory valuation and capital
consumption adjustments 11 28.7 18.1
Proprietors' income 12 19.7 10.6
Corporate profits 13 9.0 7.5
2003 2004
Net farm income, USDA,, 60.6 79.7
Plus: Depreciation and other consumption of
farm capital, USDA 18.9 20.7
Farm housing expenses excluding
depreciation 4.9 5.3
Monetary interest received by farm
corporations 0.4 0.2
Valuation adjustment, Commodity Credit
Corporation loans -1.8 -3.3
Change in farm materials and supplies
inventories -0.2 -0.2
Less: Consumption of fixed capital, NIPAs 27.9 30.1
Gross rental value of farm housing, USDA 12.6 13.3
Patronage dividends received from
cooperatives 0.2 0.2
Other (1) 2.3 3.0
Equals: Farm proprietors' income and corporate
profits with inventory valuation and capital
consumption adjustments 39.8 55.9
Proprietors' income 27.7 35.8
Corporate profits 12.1 20.0
(1.) Consists largely of salaries paid to certain farm operators.
USDA U.S. Department of Agriculture.
Table 7.16. Relation of Corporate Profits, Taxes, and Dividends in the
National Income and Product Accounts to Corresponding Measures as
Published by the Internal Revenue Service
[Billions of dollars]
Line 2001 2002
Total receipts less total deductions, IRS 1 590.0 550.5
Plus: Adjustment for misreporting on income
tax returns 2 168.2 186.5
Posttabulation amendments and
revisions (1) 3 49.5 26.2
Income of organizations not filing
corporation income tax returns 4 36.8 33.5
Federal Reserve banks 5 28.3 23.7
Federally sponsored credit
agencies (2) 6 4.1 3.8
Other (3) 7 4.4 6.0
Depletion on domestic minerals 8 7.9 7.5
Adjustment to depreciate expenditures
for mining exploration, shafts,
and wells 9 10.6 2.5
State and local taxes on corporate
income 10 30.2 32.2
Interest payments of regulated
investment companies 11 -124.1 -100.7
Bad debt expense 12 142.2 168.0
Less: Tax-return measures of:
Gains, net of losses, from sale of
property 13 156.6 96.4
Dividends received from domestic
corporations 14 67.6 68.1
Income on equities in foreign
corporations and branches
(to U.S. corporations) 15 115.5 108.1
Costs of trading or issuing corporate
securities (4) 16 33.3 21.0
Plus: Income received from equities in foreign
corporations and branches by all U.S.
residents, net of corresponding payments 17 169.7 155.8
Equals: Profits before taxes, NIPAs 18 707.9 768.4
Federal income and excess profits taxes, IRS 19 220.9 209.7
Plus: Posttabulation amendments and revisions,
including results of audit and renegotiation
and carryback refunds 20 -29.1 -27.7
Amounts paid to U.S. Treasury by
Federal Reserve banks 21 27.1 24.5
State and local taxes on corporate
income 22 30.2 32.2
Taxes paid by domestic corporations to
foreign governments on income earned
abroad 23 9.2 10.0
Less: U.S. tax credits claimed for foreign
taxes paid 24 42.3 43.2
Investment tax credit (5) 25
Other tax credits (5) 26 11.8 12.9
Equals: Taxes on corporate income, NIPAs 27 204.1 192.6
Profits after tax, NIPAs (18-27) 28 503.8 575.8
Dividends paid in cash or assets, IRS 29 724.9 581.5
Plus: Posttabulation amendments and
revisions (6) 30 -156.1 -18.9
Dividends paid by Federal Reserve banks
and certain federally sponsored
credit agencies (2) 31 1.8 1.6
U.S. receipts of dividends from abroad,
net of payments to abroad 32 40.9 47.9
Earnings remitted to foreign residents
from their unincorporated U.S.
affiliates 33 3.9 6.5
Interest payments of regulated
investment companies 34 -124.1 -100.7
Less: Dividends received by U.S. corporations 35 117.6 113.7
Earnings of U.S. residents remitted by
their unincorporated foreign
affiliates 36 2.8 5.0
Equals: Net corporate dividend payments, NIPAS 37 370.9 399.2
2003 2004
Total receipts less total deductions, IRS
Plus: Adjustment for misreporting on income
tax returns
Posttabulation amendments and
revisions (1)
Income of organizations not filing
corporation income tax returns
Federal Reserve banks
Federally sponsored credit
agencies (2)
Other (3)
Depletion on domestic minerals
Adjustment to depreciate expenditures
for mining exploration, shafts,
and wells
State and local taxes on corporate
income
Interest payments of regulated
investment companies
Bad debt expense
Less: Tax-return measures of:
Gains, net of losses, from sale of
property
Dividends received from domestic
corporations
Income on equities in foreign
corporations and branches
(to U.S. corporations)
Costs of trading or issuing corporate
securities (4)
Plus: Income received from equities in foreign
corporations and branches by all U.S.
residents, net of corresponding payments
Equals: Profits before taxes, NIPAs 937.2 1059.3
Federal income and excess profits taxes, IRS
Plus: Posttabulation amendments and revisions,
including results of audit and renegotiation
and carryback refunds
Amounts paid to U.S. Treasury by
Federal Reserve banks
State and local taxes on corporate
income
Taxes paid by domestic corporations to
foreign governments on income earned
abroad
Less: U.S. tax credits claimed for foreign
taxes paid
Investment tax credit (5)
Other tax credits (5)
Equals: Taxes on corporate income, NIPAs 232.1 271.1
Profits after tax, NIPAs (18-27) 705.1 788.2
Dividends paid in cash or assets, IRS
Plus: Posttabulation amendments and
revisions (6)
Dividends paid by Federal Reserve banks
and certain federally sponsored
credit agencies (2)
U.S. receipts of dividends from abroad,
net of payments to abroad
Earnings remitted to foreign residents
from their unincorporated U.S.
affiliates
Interest payments of regulated
investment companies
Less: Dividends received by U.S. corporations
Earnings of U.S. residents remitted by
their unincorporated foreign
affiliates
Equals: Net corporate dividend payments, NIPAS 423.2 493.0
(1.) Consists largely of an adjustment to expense all meals and
entertainment, of oilwell bonus payments written off, of adjustments
for insurance carriers and savings and loan associations, of
amortization of intangible assets, and of tax-exempt interest income.
(2) Consists of the Farm Credit System and the Federal home loan banks.
(3) Consists of nonprofit organizations serving business and of credit
unions.
(4) Includes the imputed financial service charge paid by corporations
to domestic securities dealers who do not charge an explicit
commission.
(5) Beginning with 1984, the investment tax credit is included in
other tax credits (line 26).
(6) Consists largely of an adjustment to remove capital gains
distributions of regulated investment companies.
IRS Internal Revenue Service.
Table 7.17. Relation of Monetary Interest Paid and Received in the
National Income and Product Accounts to Corresponding Measures as
Published by the Internal Revenue Service
[Billions of dollars]
Line 2001 2002
Corporations
Interest paid, IRS 1 1,203.0 912.7
Less: Interest paid by foreign branches of
commercial banks 2 16.6 4.6
Plus: Interest paid by organizations not
filing corporation income tax returns 3 49.4 33.6
Federally sponsored credit
agencies 4 32.4 20.4
Other (1) 5 17.0 13.3
Interest paid by regulated
investment companies reported as
distributions to stockholders 6 124.1 100.7
Adjustment for mutual savings banks
and savings and loan associations 7 2.2 5.4
Other (2) 8 8.7 5.9
Equals: Monetary interest paid by
corporations, NIPAs 9 1,370.8 1,053.7
Nonfarm proprietorships and partnerships
Interest paid, IRS 10 109.6 79.3
Plus: Interest reported on rental expense
schedule 11 83.3 83.1
Interest passed through to partners 12 30.4 24.6
Interest capitalized on tax returns 13 1.0 0.6
Less: Adjustment for misreporting on income
tax returns 14 17.2 14.5
Equals: Monetary interest paid, NIPAs 15 207.0 173.2
Corporations
Interest received, IRS 16 1,548.9 1,281.5
Less: Interest received by foreign branches
of commercial banks 17 11.1 9.9
Plus: Interest received by organizations not
filing corporation income tax returns 18 102.0 83.4
Federal Reserve banks 19 31.9 26.8
Federally sponsored credit
agencies 20 36.6 24.4
Other (3) 21 33.5 32.2
Adjustment for mutual savings banks
and savings and loan associations 22 13.0 8.2
Other (4) 23 14.9 12.1
Equals: Monetary interest received by
corporations, NIPAs 24 1,667.7 1,375.3
2003 2004
Corporations
Interest paid, IRS
Less: Interest paid by foreign branches of
commercial banks
Plus: Interest paid by organizations not
filing corporation income tax returns
Federally sponsored credit
agencies
Other (1)
Interest paid by regulated
investment companies reported as
distributions to stockholders
Adjustment for mutual savings banks
and savings and loan associations
Other (2)
Equals: Monetary interest paid by
corporations, NIPAs 941.4 1,030.2
Nonfarm proprietorships and partnerships
Interest paid, IRS 75.0
Plus: Interest reported on rental expense
schedule 84.0
Interest passed through to partners 28.6
Interest capitalized on tax returns 0.4
Less: Adjustment for misreporting on income
tax returns 14.5
Equals: Monetary interest paid, NIPAs 173.5 179.6
Corporations
Interest received, IRS
Less: Interest received by foreign branches
of commercial banks
Plus: Interest received by organizations not
filing corporation income tax returns
Federal Reserve banks
Federally sponsored credit
agencies
Other (3)
Adjustment for mutual savings banks
and savings and loan associations
Other (4)
Equals: Monetary interest received by
corporations, NIPAs 1,283.0 1,420.0
(1.) Consists of interest paid by nonprofit organizations serving
business and by credit unions.
(2) Consists of construction interest capitalized on tax returns,
interest reported on tax returns in cost of goods sold, and interest
passed through to shareholders by small business corporations,
(3) Consists of nonprofit organizations serving business, of credit
unions, and of other tax-exempt interest received by commercial banks
and nonlife insurance carriers.
(4) Consists of interest received by credit agencies and finance
companies reported as business receipts on tax returns and of interest
passed through to shareholders by small business corporations.
NOTE: Total interest received by financial proprietorships and
partnerships is not separately identified by the IRS.
IRS Internal Revenue Service.
Table 7.18. Relation of Wages and Salaries in the National Income
and Product Accounts to Wages and Salaries as Published by the
Bureau of Labor Statistics
[Billions of dollars]
Line 2001 2002
Total wages and salaries, BLS (1) 1 4,695.2 4,714.4
Plus: Adjustment for misreporting on
employment tax returns (2) 2 103.3 106.6
Adjustment for thrift savings
plans (3) 3 0.0 0.0
Adjustment for selected
industries (4) 4 126.2 140.5
Other (5) 5 18.1 19.4
Equals: Wage and salary disbursements, NIPAs 6 4,942.8 4,980.9
Plus: Wage accruals less disbursements,
NIPAs 7 0.0 0.0
Equals: Wage and salary accruals, NIPAs 8 4,942.8 4,980.9
2003 2004
Total wages and salaries, BLS (1) 4,826.3
Plus: Adjustment for misreporting on
employment tax returns (2) 110.3
Adjustment for thrift savings
plans (3) 0.0
Adjustment for selected
industries (4) 153.5
Other (5) 21.1
Equals: Wage and salary disbursements, NIPAs 5,111.1 5,389.4
Plus: Wage accruals less disbursements,
NIPAs 0.0 0.0
Equals: Wage and salary accruals, NIPAs 5,111.1 5,389.4
(1.) Total annual wages of workers covered by state unemployment
insurance (UI) laws and by the Unemployment Compensation for Federal
Employees program. Data for the most recent year are preliminary.
(2.) Consists of unreported wages and salaries paid by employers and
of unreported tips.
(3.) Consists of voluntary contributions by employees. Prior to 1985,
employers were not required to report these contributions. In 1985,
reporting requirements were enacted by over one half of the States;
by 1990, the requirement had been enacted by almost all states.
(4.) Consists of the difference between estimates from more
comprehensive source data (excluding the adjustments in lines 2 and 3)
and BLS wages and salaries.
(5.) Consists of wages and salaries for insurance agents classified
as statutory employees, for students and their spouses employed by
public colleges or universities, for nonprofit organizations not
participating in the UI program, for judicial fees paid to jurors and
witnesses, for compensation of prison inmates, for marriage and license
fees paid to justices of the peace, and of other coverage adjustments.
BLS Bureau of Labor Statistics.
COPYRIGHT 2005 U.S. Government Printing Office
COPYRIGHT 2008 Gale, Cengage Learning
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express