ERP1984 Appendixes 2

Appendix B

STATISTICAL TABLES RELATING TO INCOME,

EMPLOYMENT, AND PRODUCTION

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

C O N T E N T S

NATIONAL INCOME OR EXPENDITURE:Page

B-l. Gross national product, 1929-83 220B-2. Gross national product in 1972 dollars, 1929-83 222B-3. Implicit price deflators for gross national product, 1929-83 224B-4. Fixed-weighted price indexes for gross national product, 1972

weights, 1959-83 226B-5. Changes in gross national product, personal consumption expendi-

tures, and related price measures, 1929-83 227B-6. Gross national product by major type of product, 1929-83 228B-7. Gross national product by major type of product in 1972 dollars,

1929-83 229B-8. Gross national product by sector, 1929-83 230B-9. Gross national product by sector in 1972 dollars, 1929-83 231B-10. Gross national product by industry, 1947-82 232B-ll. Gross national product by industry in 1972 dollars, 1947-82 233B-12. Gross domestic product of nonfinancial corporate business, 1929-

83 234B-l 3. Output, costs, and profits of nonfinancial corporate business,

1948-83 235B-14. Personal consumption expenditures, 1929-83 236B-15. Gross and net private domestic investment, 1929-83 238B-16. Gross and net private domestic investment in 1972 dollars, 1929-

83 239B-17. Inventories and final sales of business, 1946-83 240B-18. Inventories and final sales of business in 1972 dollars, 1947-83 241B-19. Relation of gross national product, net national product, and na-

tional income, 1929-83 242B-20. Relation of national income and personal income, 1929-83 243B-21. National income by type of income, 1929-83 244B-22. Sources of personal income, 1929-83 246B-23. Disposition of personal income, 1929-83 248B-24. Total and per capita disposable personal income and personal con-

sumption expenditures in current and 1972 dollars, 1929-83 249B-25. Gross saving and investment, 1929-83 250B-26. Saving by individuals, 1946-83 251B-27. Number and median income (in 1982 dollars) of families and per-

sons, and poverty status, by race, selected years, 1947-82 252POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:

B-28. Population by age groups, 1929-83 253B-29. Population and the labor force, 1929-83 254B-30. Civilian employment and unemployment by sex and age, 1947-83 .. 256B-31. Unemployment by duration and reason, 1947-83 257

215


B-32. Civilian labor force participation rate and civilian employment/population ratio, 1948-83 258

B-33. Unemployment rate, 1948-83 259B-34. Civilian labor force participation rate by demographic characteris-

tic, 1954-83 260B-35. Civilian unemployment rate by demographic characteristic, 1948-

83 261B-36. Unemployment insurance programs, selected data, 1950-83 262B-37. Wage and salary workers in nonagricultural establishments, 1929-

83 263B-38. Average weekly hours and hourly earnings in selected private non-

agricultural industries, 1947-83 264B-39, Average weekly earnings in selected private nonagricultural indus-

tries, 1947-83 265B-40. Productivity and related data, business sector, 1947-83 266B-4L Changes in productivity and related data, business sector, 1948-83. 267

PRODUCTION AND BUSINESS ACTIVITY:B-42. Industrial production indexes, major industry divisions, 1929-83.... 268B-43. Industrial production indexes, market groupings, 1947-83 269B-44. Industrial production indexes, selected manufactures, 1947-83 270B-45. Capacity utilization rate in manufacturing, 1948-83 271B-46. New construction activity, 1929-83 272B-47. New housing units started and authorized, 1959-83 274B-48. Nonfarm business expenditures for new plant and equipment,

1947-84 275B-49. Sales and inventories in manufacturing and trade, 1947-83 276B-50. Manufacturers' shipments and inventories, 1947-83 277B-51. Manufacturers' new and unfilled orders, 1947-83 278

PRICES:B-52. Consumer price indexes, major expenditure classes, 1946-83 279B-53. Consumer price indexes, selected expenditure classes, 1946-83 280B-54. Consumer price indexes, commodities, services, and special

groups, 1939-83 282B-55. Changes in consumer price indexes, 1958-83 283B-56. Changes in consumer price indexes, commodities and services,

1948-83 284B-57. Producer price indexes by stage of processing, 1947-83 285B-58. Producer price indexes by stage of processing, special groups,

1974-83 287B-59. Producer price indexes for major commodity groups, 1947-83 288B-60. Changes in producer price indexes for finished goods, 1950-83 290

MONEY STOCK, CREDIT, AND FINANCE:B-61. Money stock measures and liquid assets, 1959-83 291B-62. Components of money stock measures and liquid assets, 1959-83... 292B-63. Commercial bank loans and investments, 1939-83 293B-64. Total funds raised in credit markets by nonfinancial sectors, 1975-

83 294B-65. Federal Reserve Bank credit and reserves of depository institu-

tions, 1929-83 296B-66. Aggregate reserves of depository institutions and monetary base,

1959-83 297

216


B-67. Bond yields and interest rates, 1929-83 298B-68. Consumer credit outstanding, 1950-83 300B-69. Net change in consumer credit outstanding, 1950-83 301B-70. Mortgage debt outstanding by type of property and of financing,

1939-83 302B-71. Mortgage debt outstanding by holder, 1939-83 303

GOVERNMENT FINANCE:B-72. Federal budget receipts, outlays, and debt, fiscal years 1974-85 304B-73. Federal budget receipts and outlays, off-budget outlays, and debt,

fiscal years 1929-85 306B-74. Relation of Federal Government receipts and expenditures in the

national income and product accounts to the unified budget,fiscal years 1983-85 307

B-75. Government receipts and expenditures, national income and prod-uct accounts, 1929-83 308

B-76. Federal Government receipts and expenditures, national incomeand product accounts, 1959-85 309

B-77. State and local government receipts and expenditures, nationalincome and product accounts, 1946-83 310

B-78. State and local government revenues and expenditures, selectedfiscal years, 1927-82 311,

B-79. Interest-bearing public debt securities by kind of obligation, 1967-83 312

B-80. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-83, 313

B-81. Estimated ownership of public debt securities, 1976-83 314

CORPORATE PROFITS AND FINANCE:B-82. Corporate profits with inventory valuation and capital consumption

adjustments, 1929-83 315B-83. Corporate profits by industry, 1929-83 316B-84. Corporate profits of manufacturing industries, 1929-83 317B-85. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions, 1950-83 318B-86. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, 1947-83 319B-87. Sources and uses of funds, nonfarm nonfinancial corporate busi-

ness, 1946-83 320B-88. Current assets and liabilities of U.S. corporations, 1940-83 321B-89. State and municipal and business securities offered, 1934-83 322B-90. Common stock prices and yields, 1949-83 323B-91. Business formation and business failures, 1940-83 324

AGRICULTURE:B-92. Farm income, 1929-83 325B-93. Farm output and productivity indexes, 1929-83 326B-94. Farm input use, selected inputs, 1929-83 327B-95. Indexes of prices received and prices paid by farmers, 1946-83 328B-96. U.S. exports and imports of agricultural commodities, 1940-83 329B-97. Balance sheet of the farming sector, 1929-84 330

INTERNATIONAL STATISTICS:B-98. Exchange rates, 1967-83 331B-99. U.S. international transactions, 1946-83 332

217


B-100. U.S. merchandise exports and imports by principal end-use catego-ry, 1965-83 334

B-101. U.S. merchandise exports and imports by area, 1974-83 335B-102. U.S. merchandise exports and imports by commodity groups,

1965-83 336B-103. International investment position of the United States at year-end,

selected years, 1970-82 337B-104. World trade: Exports and imports, 1965, 1970, 1975, and

1979-83 338B-105. World trade balance and current account balances, 1965, 1970,

1975, and 1979-83 339B-106. International reserves, selected years, 1952-83 340B-107. Growth rates in real gross national product, 1960-83 341B-108. Industrial production and consumer prices, major industrial coun-

tries, 1960-83 342B-109. Civilian unemployment rate, and hourly compensation, major in-

dustrial countries, 1960-83 343

218Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

General

Detail in these tables may not addUnless otherwise noted,Symbols used:

p Preliminary.Not available

all dollar

(also, not

Votes

to totals because of rounding.figures are in current dollars.

applicable).


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross national product, 1929-83

[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

Grossnation-

alprod-uct

Personal consumptionexpenditures

TotalDura-

blegoods

Non-dura-

blegoods

Serv-

Gross private domestic investment

Total

Fixed investment

Total

Nonresidential

Total Struc-tures

Pro-ducers

dur-able

equip-ment

Residential

Total

Non-farmstruc-tures

Farmstruc-tures

Pro-ducers

dur-able

equip-ment

Change

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983 ".

1981:

\\ZZZZIllIV

1982:

HI

IV

1983:

\\ZZ'Z'ZinIV *

103.455.890.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8

2,631.72,954.13,073.03,309.5

2,866.62,912.53,004.93,032.2

3,021.43,070.23,090.73,109.6

3,171.53,272.03,362.23,432.0

77.345.867.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,668.11,857.21,991.92,158.6

1,802.81,835.81,886.11,904.1

1,938.91,972.82,008.82.046.9

2,073.02,147.02,181.12,233.1

9.23.56.7

7.89.76.96.56.78.0

15.820.422.925.0

30.829.829.132.531.838.637.939.336.842.4

43.141.646.751.456.463.068.070.180.585.7

85.297.2

111.1123.3121.5132.2m200.2213.4

214.7236.1244.5278.6

236.9233.4243.5230.8

239.4242.9243.4252.1

258.5277.7282.8295.2

37.722.335.1

37.042.950.858.664.371.982.790.996.694.9

98.2108.8113.9116.5118.0122.9128.9135.2139.8146.4

151.1155.3161.6167.1176.9188.6204.7212.6230.6247.8

265.7278.8300.6333.4373.4407.3441.7478.8528.2600.0

668.8733.9761.0804.3

716.3730.6741.1747.7

749.7754.7766.6773.0

777.1799.6814.8825.9

30.320.125.2

26.228.231.034.337.139.645.350.455.358.2

63.068.574.080.686.192.199.2

105.9112.8121.9

130.7138.1147.0156.1167.1178.7192.4207.6225.8248.2

270.8296.2325.3355.2393.2437.0485.7547.4618.0693.7

784.5887.1986.4

1,075.7

849.6871.8901.5925.6

949.7975.2998.9

1,021.8

1,037.41,069.71,083.51,112.0

16.21.49.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0

401.9474.9414.5471.3

455.5472.1495.8476.2

422.9432.5425.3377.4

404.1450.1501.1529.8

14.53.08.8

10.913.48.16.48.1

11.724.334.441.138.4

47.048.949.052.954.362.466.367.963.472.5

72.972.579.284.991.7

103.7111.6112.5125.4139.5

141.0158.8184.8211.3214.5213.0246.0301.0360.1

411.7456.5439.1478.2

444.7457.1462.2461.8

448.6443.7430.2433.8

443.5464.6492.5512.1

10.62.45.9

7.59.46.05.06.9

10.116.923.026.324.4

27.331.331.334.534.238.544.047.042.045.9

48.548.052.254.861.072.783.183.990.7

101.3

103.9107.9121.0143.3156.6157.7174.1205.2248.9290.2

308.8352.2348.3347.7

333.1347.6360.6367.6

361.3352.7342.3337.0

332.1336.3351.0371.2

5.11.02.0

2.33.01.91.41.92.86.97.79.08.7

9.511.411.612.913.414.617.718.417.217.6

18.819.120.120.522.427.030.130.332.436.7

38.740.544.151.055.955.458.864.478.798.3

110.9133.4141.9131.4

121.6129.4137.0145.5

144.7144.2140.0138.6

132.9127.4130.9134.5

5.51.43.9

5.26.44.13.75.07.39.9

15.317.315.7

17.819.919.721.520.823.926.328.624.928.3

29.728.932.134.438.745.853.053.758.264.6

65.267.476.992.3

100.7102.3115.3140.8170.2191.9

197.9218.8206.4216.3

211.5218.3223.6222.1

216.5208.5202.2198.4

199.3208.8220.2236.8

3.9.6

2.9

3.44.02.21.41.31.57.4

11.414.913.9

19.817.617.718.420.123.922.320.921.426.6

24.524.527.030.130.730.928.528.634.838.2

37.150.963.868.057.955.372.095.8

111.2118.6

102.9104.390.8

130.5

111.6109.5101.794.3

87.391.087.996.8

111.3128.4141.5140.8

3.6

27

3.23.61.91.21.11.46.7

10.413.712.8

18.616.416.517.319.022.821.219.720.325.3

23.323.225.828.929.429.627.127.233.336.5

35.448.961.565.654.852.4

107.0114.0

98.199.886.0

125.5

107.5105.297.089.5

83.286.183.491.2

106.7123.3136.3135.6

See next page for continuation of table.


TABLE B-l.—Cross national product, 1929-83—Continued


Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983p

1981:I||Illtv

1982:I||||fIV

1983:|||IllIV p

Net exports of goods andservices

Netexports

1.14

1.2

1 815.2

- 1 917

_ 57.8

1196.965

22443.2132.5305.37 33.31.4

556.6647.6

10 1886.5634342

674 1

.714 213.426 813 840

- 1 . 113.2

23 926 317.4

-10.6

31.921.122 829 2

29 933.3

.95.6

17 0- 8 . 5

-18.3-32.6

Exports

7.02.44.6

546.15.04.65574

15.120 217.516 3

14 419 719.118 018.721025.028124.224.8

28 929.931834.238 841 144.647 352 457 5

65 768 877.5

109 6146.2154 9170 9182 7218.7281.4

338 8368 8347.6335.8

367.3369.2367.53710

358 4364.5346.0321.6

326 9327.1341.1348.1

m ports

5.92.03.4

364.74.86.5727.97.38.3

10.59.8

12 215.315.916.716.218.019.820 821.023.4

23 423.325 426.628.832 338.141048153 3

59 064 776.795 4

132.8128.1157 1186 7219.8268.1

314 8342 5330.2346.4

335.4348.1344.7341.7

328 5331.2345.0316.1

309 9335.6359.4380.7

Government purchases of goods andservices

Total

8.88.2

13.5

14 224.959.888.997.082.827.525.532.038.4

38.560.175.682.575.875.079.487.195.097.6

100 3108.2118 0123.7129.8138 4158.7180 2199 0208 8

2201234 9253.1270 4304.1339.9362 1393 8431.9474.4

537 8595 7649.2690.2

576.3583.5600.3622.8

629 8631.6655.7679.7

,677 4683.4698.3701.7

Federal

Total

1.42.15.2

6.116.952.081.389.474.617.612.716.720.4

18.738.352.457.547.944.545.950.053.953.9

53 757.463 764.665.267 378.890.998 097.6

95.796 2

101.7102 0111.0122.7129.2143 4153.6168.3

197.0229.2258.7275.2

215.7220.4232.4248.5

249.7244.1261.7279.2

273.5273.7278.1275.6

Nation-al

defense

1.2

2213.749.479.787 473.514.89.0

10.713.2

14 033.545.848.641.138.440.244 045.645.6

44 547.051150.349 049 460.371576 976 3

73.670 273.172 877.083.086 092 8

100.3111.8

131.2154 0179.4200.3

143.3151.2154.9166.7

1681175.2183.6190.8

194 4199.4201.2206.2

Non-de-

fense

3.9

3.93.22.61.62.01.12.83.76.07.2

4.74.86.58.96.86.05.75.98.38.3

9310.412 714.316.217 818.519.521221.2

11126 028.529,133.939.743.250 653.356.5

65.975.279.374.9

72.469.277.581.8

81.768.978.188.5

79.174.376.969.4

Stateandlocal

7.46.18.3

8,18.07.87.57.68.29.9

12.815.318.0

19.821.823.225.027.830.633.537.141.143.7

46.550.854.359.064.671.179.889.3

1010111.2

124.4138.7151.4168.5193.1217.2232.9250.4278.3306.0

340.8366.5390.5415.0

360.5363.2367.9374.3

380.0387.5394.0400.5

404.0409.7420.2426.1

Finalsales

101.757.490.5

97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4

279.7320.5344.8366.3368.4394.1417.0442.6451.2482.2

503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2

989.51,070.01,175.71,307.91,420.11,556.11,706.21,895.32,137.42,403.5

2,641.52,935.63,097.53,316.4

2,855.72,897.52,971.43,017.9

3,047.13,081.43,095.63,165.9

3,210.93,286.63,353.73,414.3

Percent changefrom preceding

periodl

Grossnation-

alprod-uct

6.64.27.0

10.025.026.721.39.6

.9- 1 . 211.111.3

10.915.55.25.4

.09,05.45.31.38.5

3.83.67.75.66.98.49.45.89.28.1

5.28.6

10.111.88.18.0

10.911.712.811.7

8.812.24.07.7

20.56.6

13.33.7

1.46.62.72.5

8.213.311.58.6

Finalsales

5.3

8.123.230.023.09.8

.9-4 .714.89.12.6

7.014.67.66.2

.67.05.86.11.96.9

4.43.77.05.77.07.88.96.49.77.9

5.98.19,9

11.28.69.69.6

11.112.812.4

9.911.15.57.1

16.16.0

10.66.4

3.94.6l.S9.4

5.89.88.4l.t

1 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-2.—Gross national product in 1972 dollars, 1929-83

[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

Grossnationalproduct


TotalDurablegoods

Non-durablegoods

Services

Gross private domestic investment

Total

Fixed investment

Total

Nonresidential

TotalStruc-tures

Produc-ers'

durableequip-ment

Residential

Total

Non-farmstruc-tures

Farmstruc-tures

Produc-ers'

durableequip-ment

Changein

busi-nessinven-tories

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983".

1981:

IIIII....IV....

1982:I

315.7222.1319.8344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.61,085.61,122.41,185.91.254.31,246.31,231.61,298.21,369.71,438.61,479.41,475.01,513.81,485.4

215.1170.5219.8229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3

337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9

672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6931.8956.8970.2

1,534.8 1,011.4

IIIIV

1983:IIIIll

1,510.11,512.51,525.81,506.9

1,485.81,489.31,485.71,480.7

1,490.11,525.1

953.6954.7962.9955.7

961.4968.8971.0979.6

986.71,010.6

1.553.4 1,016.01.570.5 1,032.2

20.910.718.6

21.224.215.714.013.014.425.430.132.535.5

42.639.138.042.142.551.148.848.645.350.7

51.449.354.759.764.872.678.479.588.391.8

89.198.2

111.1121.3112.3112.7126.6138.0146.8147.2

137.5141.2139.8156.0

145.4140.5143.9134.8

138.5139.5138.2143.2

145.8156.5157.9163.6

98.182.9

115.1

119.9127.6129.9134.0139.4150.3158.9154.8155.0157.4

161.8165.3171.2175.7177.0185.4191.6194.9196.8205.0

208.2211.9218.5223.0233.3244.0255.5259.5270.5277.3

283.7288.7300.6307.4302.5307.5321.9333.4344.4353.1355.6362.5364.2376.3

359.8362.7363.6363.8

362.6363.5364.7366.0

368.9374.7378.1383.3

96.176.986.1

88.891.895.5

100.2102.8106.3116.7120.9124.7126.5

132.9137.2140.9145.6150.5157.6165.0170.3175.9184.8

192.4200.2208.8217.8229.8240.9251.8263.7275.6288.8

299.3309.9325.3339.2348.0359.3374.7393.0412.0427.3438.8453.1466.2479.2

448.3451.5455.5457.1

460.4465.7468.2470.4

472.0479.4480.1485.3

55.88.4

33.6

44.555.829.518.119.727.770.970.082.165.4

93.593.983.085.383.1

103.8102.697.087.5

108.0

104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4

158.5173.9195.0217.5195.5154.8184.5214.2236.7236.3

208.5227.6194.5218.4

222.7229.5236.3221.7

199.7201.4198.4178.4

190.0210.2230.7242.5

51.213.232.0

38.343.824.318.022.031.458.770.276.669.8

83.080.278.783.885.396.196.895.589.3

100.9

101.2100.9109.7117.5125.9140.1146.2142.7152.6160.4

154.8165.8184.8200.4183.9161.5176.7200.9220.7229.1212.9219.1203.9220.7

219.7220.7220.2215.7

209.9204.9199.8201.1

205.4215.6227.0235.0

37.510.420.9

25.830.417.614.018.727.642.148.951.146.0

50.052.952.156.355.461.365.466.259.363.6

66.966.772.075.182.797.4

108.0105.6109.5116.8

113.8112.2121.0138.1135.7119.3125.6140.3158.3169.9

165.8174.4166.1168.0

170.9173.4177.0176.3

173.6167.1163.3160.5

159.9163.0170.1178.9

21.15.08.7

10.012.06.84.25.58.3

18.917.418.417.9

19.220.720.622.623.625.428.328.426.827.4

29.530.231.631.934.440.643.442.042.845.0

43.942.844.147.443.638.339.540.444.649.148.852.553.449.8

50.151.653.554.6

54.354.053.052.2

50.348.349.650.8

16.45.5

12.1

15.818.510.99.8

13.219.223.231.532.628.1

30.832.231.533.731.835.937.037.832.536.2

37.436.540.443.148.356.864.563.666.871.8

69.969.376.990.792.181.186.199.9

113.7120.8117.0121.9112.7118.2

120.8121.7123.5121.8

119.3113.1110.3108.3

109.6114.7120.5128.1

13.72.8

11.1

12.513.36.74.03.43.8

16.621.325.623.8

33.027.326.627.529.934.831.529.230.037.4

34.234,337.742.543.142.738.237.143.143.6

41.053.763.862.348.242.251.260.762.459.1

47.144.737.852.7

48.847.343.139.4

36.337.836.540.6

45.552.656.856.1

13.02.5

10.4

11.612.36.03.53.03.4

15.319.723.822.1

31.325.725.126.128.533.530.027.828.635.9

32.932.836.340.941.541.236.635.441.341.7

39.251.661.559.945.339.848.757.959.556.3

44.242.135.250.1

46.344.840.536.8

33.935.234.137.8

43.050.054.153.3

0.6.2.6

.8

.9

.6

.4

.4

.31.11.31.51.4

1.31.31.21.21.1.9

1.01.0.9

1.0

.81.0.9.9.9.8

0.1



TABLE B-2.—Gross national product in 1972 dollars, 1929-83—Continued


Year or quarter

1929.19331939

19401941...19421943194419451946194719481949

19501951....19521953..19541955....19561957.19581959

19601961196219631964...19651966196719681969

1970197119721973197419751976197719781979

1980198119821983"..

1981:|IIHIIV..

1982:IIIIllIV

1983:1IIHI.IV P

Net exports of goods andservices

Netexports

37.4

3.4

4.43.2

- . 6- 5 9-6 .2- 3 713.218 910.810.7

5.91017.94 86.973

10.11185.62.7

7.78.57.59.4

12 810.16.55.41.9.9

3.916

715.527 832 225.422.024 037.2

50 343.028.911.7

48.344.139 839.9

35.233.424.023.0

20.512 31142.5

Exports

16.79.1

14.3

15.516.411.49.8

10.513.827.332 226.325.8

23.628.627.9?6.627.830.735.338.033.233.8

38.439.341.844.850351.754.456.761.265.0

70.571.077 597.3

108.5103 5110.1112.9126.7146.2

1591159.7147.3138.9

160.6160.7159.0158.7

151.8154.5146.4136.5

137.3136.2140.7141.5

Imports

12 98.6

10.9

11.113.212.015.716.817 514.013 315.515.2

17.718.520.021.820.923.425.226127.631.1

30.730.934.335.437 541.647.951.359.364.1

66.669.376 781.880771484.790.9

102.7109.0

108 8116.7118.4127.2

112.4116.6119.1118.8

116.6121.1122.4113.5

116.8123.9129.2139.0

Government purchases of goods andservices

Total

41042.963.0

65.397.8

191.62713300.42654

93.175 784.796.8

98.1133.7159.8170.1156.0152.3153.51612169.8170.6

172.8182.9193.2197.6202 6209.8229.7248.5260.2257.4

251.1250.12531253.3260 3265 2265.2269.2274.6278.3

284 3286.5291.8293.3

285.6284.1286 8289.6

289.4285.8292.2299.7

292.9292.1295 2293.2

Federal

Totat

7010.922.8

26.761.0

157.4239 6269.7233 7

58.236 342.849.2

47.382.2

107.2114 796.188 286.890 693.491.4

90.495.3

102.8101.8100 2100.3112.6125.1128.1121.8

110.6103 7101795.996 697 496.8

100.4100 3102.1

106 4110.4116.6118.0

107.3107.91118114.5

114.5110.3116.9124.4

118.4117 6118 9116.9

Nation-al

de-fense

... .

73168.366.966 464.965.465.767.4

70 073.678.884.2

71.073.374.475.7

75.577.880.481.4

82.784.284.285.6

Non-de-

fense

28 527.629.731031.835.034.734.8

36 436.837.833.7

36.334.637.438.7

39.132.536.543.0

35.733.434.731.2

Stateandlocal

33 932.040.3

38.636.834.331730.731734.939 441.947.5

50.851.552.755.359.964.166.770.676.479.2

82.487.590.495.8

102 4109.5117.1123.4132.1135.6

140.5146.41514157.4163.6167 8168.4168.8174.3176.2

177.9176.1175.2175.4

178.3176.2175.0175.1

174.9175.4175.3175.2

174.5174.5176.3176.3

Finalsales

3110227.0318.2

337.9388.4456.55315571.4564 0466.1470 6484.3496.6

524.2565.6596.5622.1618.2649.8665.8682.2682.7714.7

733.7753.7792.4825.0869 3917.5968.0999.2

1,049.11,076.6

1,081.81,114.31175 71,237.11,234.71238 41,290.41,356.41,422.61,472.2

1,479.41,505.31,494.81,537.2

1,507.01,503.61,509.71,500.9

1,495.91,492.71,487.01,503.4

1,505.51,530.51,549.71,563.0

Percent changefrom preceding

periodl

Grossnation-

alprod-uct

6.6-2 .2

7.8

7.616.315.315.17.1

- 1 5-14.7

-1 .74.1

.5

8.78.33.73.8

-1 .26.72.11.8

- . 46.0

2.22.65.84.05.36.06.02.74.62.8

~3A5.75.8

- . 6-1 .2

5.45.55.02.8

- . 32.6

- 1 . 93.3

9.0

3̂ 6- 4 . 9

- 5 . 51.0

- 1 . 0- 1 . 3

2.69.77.64.5

Finalsales

- 3 . 16.3

6.214.917.516 47.5

- 1 3-17.4

102.92.5

5.67.95.54.3

- . 65.12.52.5

47

2.72.75.14.15.45.55.53.25.02.6

3̂ 05.55.2

- . 2

4.25.14.93.5

.51.8

"is

6.8- . 9

1.6- 2 . 3

- 1 . 3- . 8

- 1 . 54.5

.66.85.13.5

1 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.

Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-3.—Implicit price deflators for gross national product, 1929-83

[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]

Year orquarter

Grossnational

product1


Total Durablegoods

Non-durablegoods

Services

Gross private domestic investmentL

Fixed investment

Total

Nonresidential

Total Structures

Pro-ducers'

dur-able

equip-ment

Residential

TotalNon-farmstruc-tures

Farmstruc-tures

19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 *1981:

IIIIllIV

1982:

ll"!!!!!!!!!!!!IllI V

1983:|

in

iv *.

32.7625.1328.4329.0631.2334.3236.1437.0137.9143.8849.5552.9852.49

53.5657.0957.9258.8259.5560.8462.7964.9366.0467.6068.7069.3370.6171.6772.7774.3676.7679.0682.5486.7991.4596.01100.00105.75115.08125.79132.34140.05150.42163.42

178.42195.14206.88215.63

189.83192.56196.94201.22

203.36206.15208.03210.00

212.83214.55216.44218.53

35.926.930.5

30.933.236740.142.444.147.852.956.055.8

56.960.662.063.263.764.465.667.869.270.6

71.972.673.774.875.977.279.481.484.688.4

92.596.5

100.0105.7116.4125.3131.7139.3149.1162.5

179.0194.1205.3213.4

189.1192.3195.9199.2

201.7203.6206.9209.0

210.1212.5214.7216.3

44.232.535.9

36740.043.746.751.355.562.167.870.370.5

72.276.376.777.275.075.677.780.981.383.883.884.385.486.287.186.886.788.291.193.3

95799.0

100.01017108.2117.3123.9129.2136.4145.0

156.2167.3174.8178.6

162.9166.1169.3171.2

172.9174.2176.1176.1

177.3177.5179.1180.4

38.426.830.5

30.933.639.143746.247.852.158.762.360.3

60.765.866.566.366.666.367.369.471.071.4

72.673.373.974.975.877.380.181.985.389.4

93.696.6

100.0108.5123.4132.5137.2143.6153.4169.9

188.1202.5209.0213.8

199.1201.4203.8205.5

206.8207.6210.2211.2

210.6213.4215.5215.5

31.626.129.2

29.530.832.434.236.137.338.841.744.446.047.449.952.655.457.258.460.162.264.166.0

67.969.070.471772.774.276.478.781.986.0

90.595.6

100.0104.7113.0121.6129.6139.3150.0162.3

211.6224.5

189.5193.1197.9202.5

206.3209.4213.4217.2

219.8223.1225.7229.1

28.322.427.728.530.733.535.737.037.241.349.053.754.9

56760.962.363.163.665.068.571.171.071.8

72.171.872.272.372.974.076.378.882.287.0

91.1957

100.0105.5116.7131.9139.2149.8163.2178.5

193.4208.4215.3216.6

202.4207.2210.0214.1

2137216.6215.32157

215.9215.5217.0217.9

28.322.928.229.131.033.935.936.836740.046.951.553.0

54.559.160.161.261762.967.371.070.972.2

72.572.072.573.173.874776.979.582.886.7

91.396.2

100.0103.8115.4132.2138.6146.3157.2170.8

186.2201.92097206.9

194.9200.5203.7208.5

208.1211.1209.6209.9

207.7206.3206.3207.5

24.319.223.0

23.424.928.432.433.833.936.644.048.848.4

49.355.156.357.456.557.662.464.963.964.2

63.763.363.664.164.966.469.272.275.881.5

88.294.5

100.0107.7128.2144.8149.0159.4176.4200.2

227.4254.2265.8264.0

242.6250.5255.9266.6

266.4267.1264.3265.4

264.026372637264.5

33.426.232.032.834.937.337.338.037.942.848.653.056.057.861.762.663.865.566.671.175.576.678.3

79.479.379.479780.180.682.184.387.289.9

93.297.2

100.0101.8109.3126.2133.9141.01497158.8

169.1179.5183.1182.9

175.1179.3181.0182.4

181.5184.4183.3183.2

181.8182.1182.7184.9

28.220.726.6

27.430.032.434.938.140.844.653.758.158.7

60.064.466.466.967.168.771.071.471.271.1

71.471.371.570.971.272.374.677.0807877

90.594.8

100.0109.1120.3131.0140.7158.0178.3200.5

218.5233.5240.2247.4

228.8231.6235.7239.2

240.8240.9240.9238.4

244.9243.9249.0251.2

27.819.826.3

27.229731.834.337.340.043.953.057.558.1

59.563.865.866.366.668.270.570.970.770.6

70.970.971.170.570.872.074.376780.587.5

90.3947

100.0109.4120.8131.6141.3159.0179.82027

221.6237.1244.0250.5

232.1234.9239.4243.3

245.0244.8244.9241.5

248.2246.8251.9254.2

28.619.523.4

23.626.630.735.740.842.946.652.857.358.0

59.463.865766.266.568.370.670.970.870.7

71.170771.270.670.972.274.276780.687.5

90.695.0

100.0109.2120.5131.91407157.0180.02027

218.1234.0245.9251.4

225.5231.4235.8239.2

240.6246.5242.4249.9

248,2249.8251.5254.9



TABLE B-3.—Implicit price deflators for gross national product, 1929-83—Continued

[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]

Year or quarter

192919331939

1940194119421943194419451946194719481949

195019511952....1953195419551956195719581959

1960196119621963196419651966196719681969

197019711972197319741975197619771978..1979

1980198119821983p

1981:|IIIII..IV

1982:1||IllIV

1983:1||IllIV P

Exports andimports of goods

and services'

Exports

42 226.5321

34.937.343 646.851.953.655.462.866.563.1

61.068 868.667 567.268.571.074 073.173.5

75.276.176.076 311179.481983.585 588.5

93.297.0

100 0112.7134 8149 6155 3161.9172 6192.5

212.9230.8236.0241.7

228.7229 72312233.8

236.1236.0236 3235.6

238 0240 2242 5246.0

Imports

45.523.631.0

32.835.440.041.342.744.951.862.367.864.6

68.882.679.976 777.277.178.479 676.175.2

76.175.574.275.276.811179 479.981183.2

88.693.3

100 0116.7164.6179.6185.6205.5214 1246.1

289.4293.4278.9272.3

298.5298.5289.4287.7

281.8273.62818278.5

265.4270.72781274.0

Government purchases of goods and services

Total

21.519.221.4

21.725.531.232.832.331.229.633.637.739.7

39.245.047.348 548.649.251.754 056.057.2

58.059.161.162.664.166.069172.576 581.1

87.793.9

100 0106.7116.8128.2136.6146.3157 3170.4

189.2207.9222.5235.3

201.8205.4209.3215.1

217.6221.0224 4226.8

231.3234.0236 5239.3

Federal

Total

20 519.422.7

22.727.833 034.033.131.930.235.039.041.4

39.646 648.950149.950.452.955157.759.0

59.460.262.063.565167.170 072.776 580.1

86.692.7

100 0106.3114 9126.0133 5142.81531164.8

185.2207.7222.0233.3

201.0204.2207 9217.0

218.0221.3223 8224.4

230.9232.7233 8235.8

Nationaldefense

iob'o106.61151124.9132 4141.9152 7166.0

187.5209.3227.7237.8

201.9206.42083220.0

222.7225.1228 3234.3

234.9236 7238 8240.7

Non-defense

IIII

iob!d105.6114.2128.2135.7144.6153.8162.5

180.8204.5210.0222.0

199.3199.7207.0211.2

209.1212.3213.9205.7

221.7222.6221.7222.2

Stateandlocal

21.819.120.7

20.921.722 823.724.825.828.532.436.437.8

38.942.344.145 246.547.650.252.653.855.1

56.558.060.161.663.164.968.272.476.482.0

88.694.7

100.0107.0118.0129.4138.3148.4159.7173.7

191.5208.1222.9236.6

202.2206.1210.2213.8

217.3220.9224.7228.5

231.6234.8238.3241.6

Finalsales

32 725.328.4

29.031.034 336.337.037.943.749.652.652.6

53.356 757.858959.6

" 60.562.664 966.167.5

68.669.370.571.611174.276.679.082.586.8

91.596.0

100.0105.7115.0125.7132.2139.7150.3163.3

178.6195.0207.2215.7

189.5192.7196.8201.1

203.7206.4208.2210.6

213.3214.7216.4218.4

Percentfrom prf

perk

GNPimplicitprice

deflator

0.0- 2 . 1- . 8

2.27.5995.32.42.4

15.712.96.9

- . 9

2.16.61.41.61.22.23.23.41.72.4

1.6.9

1.81.51.52.23.23.04.45.1

5.45.04.25.88.89.35.25.87.48.6

9.29.46.04.2

10.65.99.49.0

4.35.63.73.8

5.53.33.63.9

changeseeding)d2

Finalsales

implicitprice

deflator

-2 .6- . 9

1.87.2

1065.62.12.2

15.313.76.0

1.3622.01.91.21.83.33.61.92.1

1.71.01.81.51.52.13.23.14.45.2

5.45.04.15.78.89.35.25.77.58.7

9.49.26.34.1

8.76.98.88.9

5.35.53.44.7

5.22.83.23.8

1 Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports ofgoods and services.2 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here. Quarterlychanges are at annual rates.



TABLE B-4.—Fixed-weighted price indexes for gross national product, 1972 weights, 1959-83

[Index numbers, 1972—100, except as noted; quarterly data seasonally adjusted]

Year or quarterGross

nationalproduct

Personalcon-

sumptionexpendi-

tures

Gross private domesticinvestment1

Fixed investment

Total Presi-dential

Residen-tial

Exports andimports of goods

and services1

Exports Imports

Government purchases of goods and services

Total

Federal

Total Nationaldefense

Non-

Stateandlocal

Percentchange

from

grossnationalproduct

weight-ed priceindex*

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983 P

1981:

\CZZZZZIIIIV

1982:

\\ZZZZZZIIIIV

1983:IIIIlliv p.ZZZ"Z

69.8

70.871.672.473.274.1

75.377.579.883.187.3

91.896.2

100.0106.0115.9

126.4133.7142.2153.3167.8

184.2201.8214.7223.9

195.8199.5203.8208.0

210.7213.1216.2218.7

220.6222.9225.5228.0

73.1

74.174.875.576.377.2

78.280.182.085.088.7

92.796.6

100.0106.1117.1

126.3133.0141.2151.6166.3

184.8201.7213.2222.0

196.4199.9203.6207.0

209.4211.3214.7217.4

218.3220.9223.3225.8

74.4

74.774.474.274.074.3

75.277.079.382.587.3

91.295.8

100.0105.8117.9

132.3140.2151.8167.0185.4

204.1221.1231.5235.1

215.1219.1223.3227.2

229.7231.5232.8232.5

235.6235.2237.4238.6

74.1

74.574.374.474.775.3

76.177.980.383.387.0

91.696.3

100.0104.0116.5

132.9139.9148.5160.9177.2

195.9213.7225.7230.3

207.2211.9215.7219.8

222.4225.2227.2228.6

229.9230.1230.9231.6

74.9

74.974.773.972.672.6

73.575.377.581.087.8

90.694.9

100.0109.2120.5

131.2140.8158.0178.4200.8

219.5235.0242.4244.3

230.0232.9237.5241.2

243.4243.4243.3240.0

246.5244.9249.7252.0

73.4

75.076.076.076.377.1

79.481.883.385.588.5

93.197.0

100.0112.6137.4

151.8156.9164.0174.9197.2

218.4238.3244.1249.2

235.2237.6239.5241.3

243.7244.8244.2243.9

245.8247.4249.8253.6

75.0

76.075.273.774.776.3

77.178.879.380.783.0

88.493.3

100.0116.7161.5

175.1178.7195.0210.1244.5

304.4319.4309.4299.5

321.9324.3316.2315.7

315.6309.1306.7306.1

303.2298.2299.4299.0

56.9

58.359.561.362.864.4

66.269.272.476.481.3

87.994.0

100.0106.9117.9

129.2137.3147.0158.4173.2

193.8212.2226.4236.9

206.1210.1213.4219.3

222.2224.6227.5231.4

233.7235.2238.3240.6

58.5

59.660.561.763.365.3

67.169.671.575.779.8

86.792.9

100.0106.7117.0

128.0135.4145.0155.4169.5

192.7215.0230.6238.1

208.0212.4215.0224.5

227.1228.8230.8235.6

237.0236.2238.7240.3

100.0106.9117.5

127.9135.6145.5156.5171.7

196.7220.1236.7244.0

212.3217.5220.0230.6

233.2234.9236.6241.9

242.9241.8244.7246.4

100.0106.1115.6

128.3135.0143.6152.6164.0

182.6201.7215.0222.9

196.9199.4202.2208.7

211.6213.0215.8219.7

221.7221.9223.3224.6

55.8

57.458.961.062.563.9

65.668.873.176.982.3

88.794.8

100.0107.0118.4

130.0138.5148.4160.4175.7

194.5210.4223.6236.2

204.9208.5212.4215.8

218.9221.9225.3228.6

231.5234.5238.0240.9

1.51.11.21.11.2

1.72.93.04.15.0

5.24.84.06.09.4

9.15.86.37.89.5

9.89.56.44.3

10.27.98.9

5.34.75.94.7

3.44.34.74.5

1 Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports ofgoods and services.

2 Quarterly changes are at annual rates.



TABLE B-5.—Changes in gross national product, personal consumption expenditures, and related price

measures, 1929-83

[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year or quarter

Gross national product

Currentdollars

Con-stant

(1972)dollars

Implicitprice

deflator

Chainpriceindex

Fixed-weight-ed price

index(1972

weights)

Personal consumption expenditures

Currentdollars

Con-stant

(1972)dollars

Implicitprice

deflator

Chainpriceindex

Fixed-weight-ed price

index(1972

weights)

19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 P

1981:IIIIllIV

1982:IIIIllIV

1983:IIIIllIV P

6.6- 4 . 2

7.0

10.025.026.721.3

9.6.9

- 1 . 211.111.3- . 510.915.55.25.4

.09.05.45.31.38.53.83.67.75.66.98.49.45.89.28.15.28.6

10.111.8

8.18.0

10.911.712.811.7

8.812.24.07.7

20.56.6

13.33.7

- 1 . 46.62.72.5

8.213.311.58.6

6.6- 2 . 2

7.8

7.616.315.315.17.1

- 1 . 5-14 .7

- 1 . 74.1

.58.78.33.73.8

- 1 . 26.72.11.8

- . 46.02.22.65.84.05.36.06.02.74.62.8

- . 23.45.75.8

- . 6

- 1 . 25.45.55.02.8

- . 32.6

- 1 . 93.3

9.0.7

3.6- 4 . 9

- 5 . 51.0

- 1 . 0- 1 . 3

2.69.77.64.5

0.0- 2 . 1

- . 82.27.59.95.32.42.4

15.712.96.9

- . 92.16.61.41.61.22.23.23.41.72.41.6

.91.81.51.52.23.23.04.45.15.45.04.25.88.89.35.25.87.48.69.29.46.04.2

10.65.99.49.0

4.35.63.73.8

5.53.33.63.9

1.61.21.41.31.41.93.13.04.35.05.34.94.16.09.19.25.76.17.68.98.99.46.54.4

9.67.69.08.2

5.65.25.95.0

3.64.34.54.6

1.51.11.21.11.21.72.93.04.15.05.24.84.06.09.49.15.86.37.89.59.89.56.44.3

10.27.98.98.4

5.34.75.94.7

3.44.34.74.5

- 5 . 74.66.0

13.89.7

12.28.8

10.520.312.5

8.01.97.87.94.85.82.77.64.95.43.27.44.53.16.05.56.97.58.15.49.58.46.98.19.6

10.29.49.9

11.011.111.811.910.711.37.38.4

14.77.5

11.43.9

7.57.27.57.8

5.215.1

6.59.9

- 2 . 05.3

4.65.9

- 1 . 02.92.86.2

11.11.62.12.35.61.32.53.81.86.52.92.11.05.42.62.14.53.85.55.65.12.95.33.72.23.75.84.2

2.25.65.04.52.7

.52.71.44.2

5.9.5

3.5- 3 . 0

2.43.1

.93.6

2.910.0

2.26.5

- 3 . 8- J1.37.4

10.89.05.84.18.3

10.75.8

- . 32.06.52.31.9

.91.01.93.32.21.91.91.01.51.61.41.82.92.44.04.54.64.33.75.7

10.17.65.15.87.09.0

10.28.45.84.0

8.37.07.77.0

5.04.06.54.1

2.24.64.23.1

1.71.11.11.41.21.52.72.53.84.54.64.33.66.1

10.47.75.36.07.39.3

10.79.05.94.2

9.97.37.87.0

5.23.96.45.1

2.34.74.24.5

Note.—Changes are based on unrounded data and may differ slightly from changes computed from data shown elsewhere in thesetables.



TABLE B-6.—Gross national product by major type of product, 1929-83

[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter


Finalsales

Inven-tory

change

Goods

Total

Total Finalsales

Inven-tory

change

Durable goods Nondurable goods

Finalsales

Inven-tory

changeFinalsales

Inven-tory

change

Services Struc-tures

1929..1933..1939..

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970...1971....1972....1973..197419751976.1977.1978.,1979

198119821983 p.

1981:

nZIlliv

1982:

li'.'.ZZIII

IV

1983:

IIZZ"IIIIV P.

103.455.890.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8

2,631.72,954.13,073.03,309.5

2,866.62,912.53,004.93,032.2

3,021.43,070.23,090.73,109.6

3,171.53,272.03,362.23,432.0

101.757.490.5

97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4

279.7320.5344.8366.3368.4394.1417.0442.6451.2482.2

503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2

989.51,070.01,175.71,307.91,420.11,556.11,706.21,895.32,137.42,403.5

2,641.52,935.63,097.53,316.4

2,855.72,897.52,971.43,017.9

3,047.13,081.43,095.63,165.9

3,210.93,286.63,353.73,414.3

1.7-1 .6

2.24.51.8

- . 6-1 .0-1 .0

6.4

~47- 3 . 1

6.810.33.1

- l ! 56.04.71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

- 6 . 911.823.026.514.3

=9.818.5

-24.5=6.9

10.915.033.614.3

=25.7-11.2-4 .9

= 56.4

= 39.4-14.5

8.517.7

56.127.049.0

56.072.593.7

120.4132.3128.9125.3139.8154.4147.7

162.4189.5194.6203.1196.1214.5223.3232.3228.2248.5

254.2257.4278.5290.3309.8338.4375.0389.4421.3450.2

459.9485.3529.6604.1646.7694.0771.1855.0958.6

1,065.6

1,140.61,291.81,280.91,362.0

1,260.81,273.91,325.21,307.5

1,281.11,290.81,286.61,264.8

1,292.21,346.81,388.91,419.9

54.428.648.6

53.868.091.9

121.0133.3129.9118.9140.3149.7150.8

155.6179.2191.5202.7197.6208.5218.6231.0229.7242.9

251.3255.0272.2284.3304.2328.5360.9379.1413.4440.4

456.6477.7519.4585.6632.5700.9759.3832.0932.1

1,051.3

1,150.41,273.41,305.41,368.9

1,249.91,258.81,291.61,293.2

1,306.81,302.01,291.51,321.2

1,331.61,361.31,380.41,402.2

1.7- 1 . 6

.4

2.24.51.8

- . 6= 1.0= 1.0

6.4

1 J- 3 . 1

6.810.3.3.1

-is6.04.71.3

= 1.55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

-6 .911.823.026.514.3

=9.818.5

-24.5- 6 . 9

10.915.033.614.3

-25.7-11.2-4 .9

-56.4

-39.4-14.5

8.517.7

16.15.4

12.4

15.423.834.554.258.550.131.844.448.050.0

56.266.472.577.873.981.485.991.384.490.8

93.392.7

102.9109.4118.9131.6147.0153.5167.9178.5

179.2187.1207.4237.6250.7279.4312.5354.9402.1454.3

482.0524.3516.3549.0

520.4525.6535.7515.6

517.2516.8512.0519.0

520.9545.7555.9573.5

1.4

"'.3

1.23.11.0.0

- . 6- 1 . 3

5.31.41.0

- 1 . 8

3.66.11.21.5

- 2 . 53.42.1

.5=2.8

3.1

1.6

l ! 42.74.06.7

10.25.54.76.4

~2l87.2

13.112.0

=8.47.7

10.419.110.5

- 4 . 13.6

= 15.5-4 .2

= 1.48.1

14.0- 6 . 3

-20.8=2.5

6.4=45.0

-38.2=8.913.117.4

38.323.236.2

38.444.257.466.874.879.887.195.9

101.7100.9

99.4112.8119.0124.9123.7127.1132.7139.6145.3152.1

158.0162.4169.3174.9185.3196.9213.9225.6245.5261.9

277.5290.6312.0348.0381.8421.5446.7477.2530.1597.0

668.4749.1789.1819.9

729.6733.2755.9777.6

789.6785.2779.5802.2

810.6815.7824.5828.7

0.3- 1 . 1

.1

1.01.4.7

- . 6

~\l1.1

-1 .937

- 1 . 3

3.24.22.0

- 1 . 11.02.62.6

.81.32.5

1.32.42.83.31.63.23.94.93.13.4

3.34.83.05.32.21.54.2

12.67.33.8

-5 .714.8

=9.1=2.8

12.36.9

19.620.6

=4.9- 8 7

-11.3= 11.4

= 1.2- 5 7=4.5

35.925.934.4

35.740.850.863.072.377.068.871.677.282.2

88.5103.5113.9121.6126.2136.1146.2158.7167.7179.8

193.8207.0222.0237.1255.0273.3299.0326.5358.2391.9

429.9472.0519.0571.5636.1705.2779.3867.2972.2

1,089.7

1,225.21,374.21,511.11,637.8

1,319.21,34971,392.51,435.5

1,460.61,496.41,527.21,560.5

1,588.41,623.41,651.01,688.5

11.42.97.5

8.311.814.08.76.16.5

15721728.028.4

35.637.839.442.044.549.552.253.053.859.5

58.560.264.569.372.979.382.083.694.0

101.8

102.9120.3137.3150.8151.4150.0167.6196.1233.1262.5

265.9288.0281.0309.7

286.5288.9287.3289.2

2797283.0276.9284.3

290.9301.9322.3323.6



TABLE B-7.—Gross national product by major type of product in 1972 dollars, 1929-83

[Billions of 1972 dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter


Finalsales

Inven-tory

change

Goods

Total

Total Finalsates

Inven-tory

change

Durable goods Nondurable goods

Finalsates

Inven-tory

changeFinalsales

Inven-tory

change

Services Struc-tures

Autooutput

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963..196419651966196719681969

197019711972197319741975197619771978 ,1979

1980198119821983 *

1981:IIIIllIV

1982: .tHtil[V

1983:tIIIllIV p.

315.7222.1319.8

344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

1,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.4

1,475.01,513.81,485.41,534.8

1,510.11,512.51,525.81,506.9

1,485.81,489.31,485.71,480.7

1,490.11,525.11,553.41,570.5

311.0227.0318.2

337.9388.4456.5531.5571.4564.0466.1470.6484.3496.6

524.2565.6596.5622.1618.2649.8665.8682.2682.7714.7

733.7753.7792.4825.0869.3917.5968.0999.2

1,049.11,076.6

1,081.81,114.31,175.71,237.11,234.71,238.41,290.41,356.41,422.61,472.2

1,479.41,505.31,494.81,537.2

1,507.01,503.61,509.71,500.9

1,495.91,492.71,487.01,503.4

1,505.51,530.51,549.71,563.0

4.6- 4 . 9

1.6

6.212.05.2

- 2 . 3- 3 . 612.2- . 25.5

- 4 . 4

10.613.74.31.5

-2 .27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 . 77.8

13.316.07.3

-4 .48.5

- 9 . 4-2 .4

3.08.9

16.16.0

-10.2- 3 . 4- 1 . 3

-22.7

-15.4-5 .4

3.87.5

144.397.5

154.3

171.7198.6221.4263.3287.3278.5238.3237.7244.8240.3

261.5283.7292.1306.8292.7316.7320.9321.7311.6332.5

335.8338.0361.3372.2393.8422.6456.4463.4483.1496.0

486.9497.2529.6572.3562.5547.4587.2628.1662.0677.7

668.1692.6661.6687.0

691.2692.3703.2683.7

668.1664.6661.6652.1

656.9681.8699.0710.4

139.7102.3152.7

165.5186.6216.2263.3289.6282.2226.2237.9239.4244.7

250.9270.0287.8305.3294.9309.0315.1320.2313.4325.5

332.3335.0353.5364.7386.7410.8439.6451.2474.1484.9

483.2489.1519.4555.1550.9554.2579.4614.8645.9670.4

672.5684.1671.0689.4

688.2683.4687.1677.7

678.3668.1663.0674.8

672.3687.2695.3702.9

4.6- 4 . 9

1.6

6.212.05.2

.1- 2 . 3- 3 . 612.2- . 25.5

- 4 . 4

10.613.74.31.5

-2 .27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 . 77.8

13.316.07.3

- 4 . 48.5

- 9 . 4- 2 . 4

3.08.9

16.16.0

-10.2-3 .4- 1 . 3

-22.7

-15.4-5 .4

3.87.5

40.417.535.5

43.157.875.7

118.8135.9121.260.375.577.378.3

86.198.2

107.9116.2109.0117.2117.8119.4109.2113.6

115.6114.7125.7132.5143.0157.2174.0178.3187.4193.0

187.5188.7207.4236.1234.1230.2242.7264.7285.4299.1

290.4292.5276.1291.2

298:9294.8295.1281.2

280.9276.5271.6275.3

277.0291.1294.1302.4

3.5- 2 . 1

.7

3.48.23.5

.7- 1 . 8- 3 . 710.81.41.6

- 2 . 9

5.59.01.72.3

- 3 . 74.52.9

.9- 3 . 4

3.9

2.0- . 14.23.45.18.2

12.36.65.47.2

.03.07.2

12.79.4

- 6 . 45.46.9

11.86.2

- 1 . 91.6

- 6 . 5- 1 . 5

- 1 . 54.45.8

- 2 . 4

- 9 . 1- 1 . 1

3.2-18.9

-15.7- 3 . 7

5.87.7

99.384.9

117.2

122.4128.7140.5144.4153.7161.0165.8162.4162.1166.4

164.8171.8179.9189.1185.9191.9197.2200.8204.3211.9

216.6220.3227.8232.2243.7253.6265.6272.9286.7291.9

295.7300.4312.0319.0316.8324.0336.7350.1360.5371.3

382.1391.7394.9398.3

389.4388.7392.0396.5

397.4391.6391.3399.4

395.2396.1401.2400.5

1.1- 2 . 8

.9

2.83.81.7

- . 6

1.3- 1 . 6

3.8- 1 . 5

5.14.72.6

- . 81.53.22.9

.61.63.1

1.63.03.74.21.93.64.55.63.63.9

3.75.13.04.52.2

= .32.46.34.31.1

- 2 . 56.9

- 2 . 9- . 9

4.54.5

10.38.4

- 1 . 0- 2 . 3- 4 . 6- 3 . 8

.3- 1 . 7- 2 . 0

- . 2

127.4110.7135.2

139.9158.5193.9242.0263.7263.0200.8188.1192.5198.3

207.4231.3243.2247.5249.1260.1270.2282.4287.6299.4

312.5326.9341.5356.2374.0390.7412.6434.1453.0469.2

482.4497.8519.0542.8562.8575.9595.0617.3644.7670.7

687.7702.7712.2725.2

696.9700.0705.4708.5

707.1712.8713.9715.0

717.8723.0727.0732.9

43.914.030.3

32.543.346.326.218.118.839.144.652.453.6

65.964.365.569.374.380.780.579.781.789.8

89.091.797.4

104.1108.6116.0115.9113.9122.0122.5

116.3127.3137.3139.1121.0108.3116.0124.4131.9131.0

119.1118.5111.6122.6

121.9120.3117.2114.7

110.6111.9110.2113.6

115.4120.3127.3127.1

12.313.918.0

23.019.317.122.621.629.823.024.518.623.2

25.321.226.028.729.435.734.831.838.537.4

29.838.941.646.437.135.745.350.750.347.0

39.442.638.549.9

44.045.943.437.2

33.140.542.038.3

44.946.053.155.6



TABLE B-8.—Gross national product by sector, 1929-83



nationalproduct

Gross domestic product

Total

Business1

Total * Nonfarm l Farm

Statis-tical

discrep-ancy

House-holdsand

insti-tutions

Government2

Total FederalStateandlocal

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983 '

1981:IIIIllIV

1982:IIIIllIV

1983:IIIIllIV *

103.455.890.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8

2,631.72,954.13,073.03,309.5

2,866.62,912.53,004.93,032.2

3,021.43,070.23,090.73,109.6

3,171.53,272.03,362.23,432.0

102.655.590.5

99.6124.5157.9191.6210.1212.0209.0231.8257.9256.9

284.8328.7345.7364.6364.5397.3418.5440.5446,6484.6

502.9520.7560.5591.8632.3685.2750.3793.7866.7937.1

985.41,068.51,175.01,310.41,414.41,531.91,697.51,894.92,134.32,375.2

2,586.42,904.53,025.73,263.4

2,819.02,865.92,955.22,977.9

2,974.53,020.63,044.23,063.5

3,127.23,227.93,314.13,384.0

95.449.180.6

112.6139.9162.8174.2172.8183.8210.0234.9231.5

257.5294.4307.3324.9323.9354.0372.1390.8393.1428.3

442.0455.7490.6517.2551.6598.4652.6685.1745.4803.2

837.3907.1998.6

1,118.71,206.41,301.71,447.31,624.01,837.22,052.1

2,228.12,509.02,594.62,802.0

2,434.82,475.52,558.42,567.2

2,555.22,593.82,610.12,619.1

2,675.52,769.82,849.82,912.7

84.743.872.9

81.8103.1127.7149.3156.2152.7164.4188.2213.1212.2

236.3268.3283.4302.3302.3333.9355.7373.7372.2410.6

424.2435.7468.1495.0532.2577.7628.4663.3725.0782.1

813.1875.4963.4

1,068.01,155.01,247.31,396.31,574.21,781.01,982.1

2,158.22,432.82,520.02,730.9

2,354.42,399.82,483.92,493.1

2,482.42,521.82,536.62,539.1

2,601.82,700.52,779.02,842.4

9.74.66.3

6.48.9

13.015.315.316.018.820.223.318.8

20.022.922.220.319.718.818.618.420.719.0

20.220.220.420.519.321.922.822.122.625.1

25.827.631.949.947.748.945.948.458.771.6

67.781.174.171.0

75.479.886.682.5

79.570.370.975.8

74.972.768.367.9

1.1.7

1.4

1.1.6

- . 8- 1 . 8

2.74.1

l!5- 1 . 6

.6

1.33.21.72.32.01.3

- 2 . 1-1 .2

.2- 1 . 3

- 2 . 4

~U1.7

-121.4

-1.1- 3 . 9

- 1 . 54.13.3

.83.75.55.11.4

-2 .6- 1 . 5

2.3- 4 . 9

.5

5.1- 4 . 2

-12.0- 8 . 5

-6 .71.72.54.2

-1 .2- 3 . 5

2.52.5

2.91.72.3

2.42.52.93.23.74.14.55.15.65.9

6.46.97.27.88.19.19.8

10.511.412.3

13.814.415.516.617.819.221.123.426.129.4

32.335.438.642.145.850.655.660.567.875.6

85.396.2

107.0114.9

92.794.997.2

100.2

103.3105.6108.5110.8

112.2114.1115.6117.7

4.34.77.6

7.89.4

15.125.632.235.220.816.717.419.4

20.927.431.231.932.534.236.639.142.144.0

47.150.554.358.062.967.676.585.195.2

104.5

115.8126.0137.8149.6162.2179.6194.6210.3229.3247.4

273.0299.3324.1346.5

291.5295.5299.6310.5

316.0321.2325.7333.7

339.5344.1348.8353.6

0.91.23.4

3.55.0

10.620.927.229.814.69.48.9

10.0

10.716.218.918.617.818.419.019.620.520.9

21.722.624.125.227.028.332.435.639.341.9

44.846.850.151.954.959.062.466.371.775.7

82.992.8

101.1106.1

90.290.891.598.5

99.5100.1100.7104.2

105.6106.0106.2106.6

3.53.54.2

4.34.44.54.74.95.46.27.38.59.4

10.111.212.313.314.715.817.619.621.623.1

25.527.930.232.935.939.344.149.555.962.6

71.179.387.797.7

107.3120.6132.3144.0157.6171.8

190.0206.5223.0240.4

201.32047208.1212.0

216.5221.1225.0229.5

233.8238.1242.6246.9

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.



TABLE B-9.—Gross national product by sector in 1972 dollars, 1929-83



nationalproduct

315.7222.1319.8

344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

1,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.4

1,475.01,513.81,485.41,534.8

1,510.11,512.51,525.81,506.9

1,485.81,489.31,485.71,480.7

1,490.11,525.11,553.41,570.5

Total

313.2220.9318.2

342.8398.7460.1530.3567.7559.3476.4467.8486.8489.4

531.8575.6596.9619.8612.1653.0666.5678.3676.2716.8

732.0751.0793.8825.6868.9921.4977.5

1,003.91,050.01,079.7

1,077.61,112.81,175.01,239.21,229.01,217.81,282.61,352.81,418.71,453.2

1,449.31,488.21,462.31,513.3

1,484.81,488.01,500.31,479.6

1,462.51,465.01,463.11,458.6

1,469.21,504.41,531.11,548.5

<iross domestic product

Business *

Total*

271.5180.0261.0

282.7327.6361.8385.6403.6397.9385.5393.8412.0409.8

448.7478.0492.8515.6508.5547.0557.4566.1561.7600.0

610.1625.1663.2691.6730.3777.7824.0842.0882.1907.1

904.8938.6998.6

1,060.71,047.41,032.41,095.41,163.71,224.31,255.6

1,248.21,285.81,259.61,309.8

1,282.31,285.71,298.11,277.2

1,259.91,262.11,260.41,255.9

1,266.11,301.21,327.51,344.4

Nonfarm1

244.7152.5231.3

254.6299.8335.3362.1370.1362.8358.6367.0389.0383.4

419.4447.2463.7484.3477.0516.0531.5539.5532.0574.0

584.2596.3631.5659.7701.3749.6794.1812.8855.6881.9

875.4901.7963.4

1,028.41,0124

994.51,059.51,129.51,193,51,222.4

1,211.91,247.71,220.41,273.2

1,243.91,247.71,261.21,237.9

1,220.81,224.01,223.41,213.2

1,227.51,265.11,290.91,309.3

Farm

23.624.925.2

24.526.228.627.727.125.625.824.025.825.6

27.025.826.427.728.429.328.928.229.327.8

29.228.928.829.628.829.828.229.529.029.5

31.132.631.931.631.833.632.133.132.634.2

35.040.639.036.6

35.840.143.143.5

42.437.335.740.6

39.237.735.533.9

Statistspalcat

discrep-ancy

3.12.64.6

3.61.6

- 2 . 1- 4 . 2

6.49.41.12.9

- 2 . 8.8

2.45.02.63.63.11.8

- 3 . 0- 1 . 7

.3- 1 . 9

- 3 . 3- .22.92.3.2

- 1 . 61.7

- . 3- 2 . 5- 4 . 4

- 1 . 74.23.3.7

3.24.43.81.0

- 1 . 8- 1 . 0

1.3- 2 . 5

.2

.0

2.7- 2 . 2- 6 . 1- 4 . 2

- 3 . 3.8

1.22.0

- .6- 1 . 6

1.11.1

House-holdsandinsti-

tutions

15.612.215.1

16.115.916.415.215.115.015.116.016.717.3

18.318.718.619.319.421.422.523.124.224.7

26.627.028.128.929.830.932.634.335.437.0

36.737.638.639.439.340.540.941.543.344.6

45.546.446.747.5

46.446.446.346.6

46.646.646.846.9

47.147.347.648.0

Government2

Total

26.228.842.1

44.055.281.9

129.4149.1146.475.958.058.162.3

64.779.085.585.084.184.686.789.190.392.2

95.398.9

102.5105.2108.8112.7120.8127.7132.4135.7

136.1136.7137.8139.1142.3144.9146.3147.7151.2153.0

155.6156.0156.1156.0

156.1156.0155.9155.9

156.1156.3156.0155.8

155.9156.0156.0156.1

Federal

5.26.6

16.9

18.629.656.7

105.0125.2121.849.729.829.231.3

32.746.251.649.647.245.945.645.844.544.5

45.246.248.348.248.548.753.057.258.058.2

55.252.550.148.248.548.448.548.649.349.0

49.650.050.550.8

49.849.950.150.1

50.250.350.550.7

50.850.850.850.8

Stateandlocal

21.022.125.2

25.425.625.224.523.924.626.228.229.031.0

32.032.833.935.436.938.641.043.345.847.7

50.152.754.357.060.464.067.970.574.477.4

80.984.287.790.893.896.597.899.1

101.9104.1

106.0106.0105.6105.2

106.3106.1105.7105.8

105.9106.0105.4105.1

105.1105.1105.2105.2

Restof theworld

1929193319391940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983 *>

1981:IIIIllIV

1982:IIIIllIV

1983:IIIIllIV

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-10.—Gross national product by industry, 1947-82

[Billions of dollars]

Year

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

Grossnation-atprod-uct

233.1259.5258.3

286.5330.8348.0366.8366.8

400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7

691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.2

1,549.21,718.01,918.32,163.92,417.8

2,631.72,954.13,073.0


Agricul-ture,forestry,

andfisheries

20.824.019.5

20.823.823.121.320.7

19.919.719.521.920.2

21.421.521.922.021.0

23.824.824.225.027.8

28.630.835.453.852.2

53.351.254.666.079.6

76.890.684.3

Mining

6.89.48.1

9.310.210.110.610.9

12.413.413.512.412.3

12.612.712.813.113.4

13.514.214.615.316.1

17.617.419.021.732.2

38.843.047.452.066.8

96.0126.5116.1

Pnncon-

struction

9.111.511.5

13.015.416.617.117.2

18.520.621.421.022.8

23.224.025.727.429.8

32.835.937.541.346.3

48.953.659.466.369.2

69.976.686.6

102.1115.7

119.8124.6122.4

Manufacturing

Total

66.274.772.1

83.798.7

103.0112.1106.4

120.9126.8131.4123.8141.3

143.8144.4157.9167.4179.4

197.7216.6222.3242.8256.7

252.2265.6292.5326.1340.7

358.2410.4464.8518.7563.2

581.5644.4630.9

Dura-ble

goods

33.538.137.1

45.855.458.965.960.8

70.673.777.769.781.2

82.181.391.597.6

105.3

118.0130.4133.6146.0154.5

146.2153.9173.2195.9201.3

207.6240.0277.7316.7344.3

350.4389.8367.8

Non-durablegoods

32.736.535.0

37.943.344.146.245.6

50.353.253.754.160.0

61.763.166.469.874.2

79.786.388.796.8

102.2

105.9111.7119.3130.2139.4

150.6170.4187.1202.0218.9

231.1254.6263.1

Trancirans-portationand

publicutilities

20.523.123.4

25.729.231.032.932.6

35.638.340.240.443.7

45.847.450.253.056.3

60.565.368.674.080.0

85.793.8

104.3114.3122.9

135.7152.6170.9193.3209.6

231.9262.4279.7

Ufhnlownoie-sale

andretailtrade

44.248.448.0

51.356.458.559.860.8

66.270.473.975.281.9

84.286.392.196.1

104.7

112.6121.5130.1144.4157.0

166.5181.4199.5221.5241.5

266.2291.4322.3362.3401.4

428.8474.2490.2

Fi-nance,insur-ance,andreal

estate

23.226.228.6

31.935.238.742.846.5

50.053.557.662.467.3

71.675.480.685.391.0

98.0105.9114.2123.8133.6

142.4156.4169.8184.9202.0

216.2238.6275.5317.4358.3

398.7461.6507.1

Services

20.221.922.6

24.025.927.529.430.5

34.037.340.242.346.3

49.252.356.160.065.3

70.878.486.194.2

105.3

114.4123.6136.5153.1167.5

186.2208.2234.3265.9302.4

342.6387.6431.1

Govern-mentmeniand

govern-mententer-prises

19.320.222.5

23.830.835.336.436.9

38.540.744.047.150.0

53.456.761.165.971.2

76.786.496.3

108.1118.2

130.514L8155.4167.8182.7

202.0220.4237.2259.1279.6

308.1337.5363.4

QtatictidlallSII-

nn\Cdl

discrep-ancy

1.5- 1 . 6

.6

1.33.21.72.32.0

1.3-2 .1- 1 . 2

.2- 1 . 3

- 2 . 4— 12X1.7.1

- 1 . 21.4

— 3-i\- 3 . 9

- 1 . 54.13.3.8

3.7

5.55.11.4

- 2 . 6- 1 . 5

2.3- 4 . 9

.5

Baefnesiof the

world

1.21.61,4

1.62.12.32.22.3

2.83.23.53.03.3

3.63.94.64.95.5

5.95.65.96.76.9

7.39.2

10.916.019.8

17.320.523.529.642.6

45.349.647.3

Note.—The industry classification is on an establishment basis and is based on the 1972 Standard Industrial Classification.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-ll.—Gross national product by industry in 1972 dollars, 1947-82

[Billions of 1972 dollars]

Year

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982


470.3489.8492.2

534.8579.4600.8623.6616.1

657.5671.6683.8680.9721.7

737.2756.6800 3832.5876.4

929.3984.8

101141,058.11,087.6

1,085.61,122.41,185.91,254.31,246.3

1,231.61,298.21,369.71,438.61,479.4

1,475.01,513.81,485.4


Agri-culture,forest-ry, andfisher-

ies

26.328.228.0

29.328 429.230.5313

32.131.731132.230.6

32131.831732.531.8

32.831.332 632132.7

34.435 935.435 335.8

37.135.836.937.038.9

39.945.644.2

Min-ing

10.811.39.9

11.112111.912.211.8

13.213.913 812.713.3

13 513.613 914.515.1

15.716.517 017 618.2

18.918 419.019 219.2

18.919.119.520.120.8

21.622.521.6

Con-struc-tion

22.926.526.5

29.332.533.834.836.0

38.240.940.942.145.5

46146.748449.952.2

54.454.653 456.955.8

53.457 959.460153.3

48.352.855.058.858.2

52.250.547.7

Manufacturing

Total

114.9121.4115.1

131.1146.0150.8161.1149.6

165.7166.9167.7153.3171.2

1718172.0186 7202.2216.7

236.7254.9254 3268.2277.2

261.2266.8292.53253311.7

289.6317.4339.2357.2367.0

351.0361.1336.1

Dura-ble

goods

68.572.066.3

78.189.994.3

102.691.7

103.4102.5102.988.8

100.9

101.099.5

110.0119.5129.8

144.6157.3157.4165.5170.3

155.2156.4173.2194 2186.3

168.8187.2202.9217.4223.4

210.2217.2197.4

Non-durablegoods

46.449.448.8

53.056.156.558.557.9

62.364.464.864.570.3

70 872.576 782.886.8

92.097.696 9

102.7106.8

106.01104119.31311125.3

120.8130.1136.3139.8143.6

140.8144.0138.7

Trans-por-

tationand

publicutil-ities

42.342.139.2

41.245,545.546.645.8

49.752.153.251.955.4

57 558.661565.068.1

73.479.481688.292.6

94.997.9

104.3110 6111.9

113.5118.6125.1134.2140.0

139.6142.9138.9

Whole-saleand

retailtrade

75.978.079.8

87.588.391.093.994.5

103.1106.2107.9107.8115.4

117.5118.7126.3131.1139.1

148.2156.3160.1169.9173.6

176.4185.5199.5211.1207.0

209.7220.2231.0244.6250.7

246.0251.8248.0

Fi-nance,insur-ance,andreal

estate

54.756.659.8

63.966.770.973.977.3

81.885.889 893.498.5

102 7107.3113 3116.8122.1

128.5133.9139 4145.7152.9

155.8162.6169.8177.2184.5

187.9194.8207.2217.8229.4

235.6245.4251.0

Serv-ices

55.957.557.6

59.760.861.662.762.9

67.670.974.176.280.8

83 586.690 394.098.8

103.1109.0115.0118.8124.0

126.7128.4136.5144.8147.9

148.5154.7164.3174.2183.0

189.1198.7203.5

Govern-mentand


68.769.273.3

75.690.096.996.395.2

95.797.8

100.4101.7104.0

107.7111.6115.5118.7123.1

127.8136.9144.1148.9152.5

152.9153.9155.4157.2161.2

164.3165.7167.5171.7174.3

177.5177.9177.6

Sta-tis-ticaldis-

crep-ancy

2.9- 2 . 8

.8

2.45.02.63.63.1

1.8-3 .0-1 .7

.3-1 .9

-3 .3

2.92.3

.2

-1 .61.7

- . 3- 2 . 5-4 .4

- 1 . 74.23.3

3.2

4.43.81.0

- 1 . 8- 1 . 0

1.3-2 .5

.2

Resid-ual1

-7 .4-1 .2

- . 6

.8

.22.64.14.6

4.23.4

94.54.0

314.432

-1 .51.7

2.33.06.76.24.6

4.71.2.0

- 2 . 5- 6 . 5

-4 .2- . 26.04.9

- 8 . 1

-4 .6- 5 . 8

65

Restof theworld

2.53.02.7

3.03.73.93.740

4.55.15.54.64.9

525.7656.97.5

7.9747S8?7.9

8.0

10.915117.3

13.815.616.919.926.3

25.725.623.1

1 Equals GNP in constant dollars measured as the sum of incomes less GNP in constant dollars measured as the sum of gross productby industry.

Note.—The industry classification is on an establishment basis and is based on the 1972 Standard Industrial Classification.Source: Department of Commerce, Bureau of Economic Analysis.


T A B L E B-12.—Gross domestic product of nonfinancial corporate business, 1929-83


Year orquarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

19601961....19621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983 »

1981:

IllIV

1982:IIIIllIV

1983:

\\ZZ1IIIIV »

Grossdomes-

ticproduct

ofnon-

financialcorpo-

ratebusiness

50.124.443.7

50.465.682.998.7

102.195.399.3

120.0137.3133.5

151.9174.5182.3195.0191.9216.7231.6242.3236.3266.0

277.0285.0311.3331.8358.4393.6431.5454.1500.2544.1

563.7609.9678.0759.4818.9890.0

1,001.31,128.41,276.21,416.8

1,540.71,739.91,776.71,918.4

1,683.31,718.81,778.61,778.9

1764 91,780.21,786.81,775.0

1,817.61,892.41,957.8

Capitalconsump-

tionallow-anceswith

capitalconsump-

tionadjust-ment

5.54.34.84.95.46.16.26.36.57.69.3

10.911.7

12.614.615.816.817.919.121.823.824.825.8

26.827.528.429.430.832.735.638.942.647.1

52.257.362.667.979.594.9

104.8115.7130.9149.6

170.0192.2210.0218.2

183.0189.1195 3201.3

204 02084212.3215.1

215.3216.7219.6221.2

Total

44.520.239.0

45.460.276.892.495.888.891.8

110.7126.4121.8

139.3159.9166.6178.2174.0197.6209.8218.5211.6240.2

250.2257.5283.0302.3327.6360.9395.9415.2457.6497.0

511.4552.6615.5691.6739.4795.1896.5

1,012.71,145.31,267.3

1,370.71,547.71,566.81,700.2

1,500.21,529.71583 31^5777

1560 81,571.81,574.51,559.8

1,602.31,675.71,738.2

Indi-rectbusi-nesstax,

cTC.

3.43.85.15.56.46.87.38.18.9

10.111.212.112.6

14.115.216.818.217.419.220.822.422.825.4

28.330.133.035.638.441.142.945.851.558.0

63.470.576.783.789.797.1

105.3112.6122.0130.5

147.6176.5179.0196.9

172.1176.2178 6179*0

176 2177.7179.6182.4

186.4197.6201.1202.7

Met domestic product

Domestic income

Total

41.216.333.9

40.053.870.085.287.779.981.699.6

114.3109.2

125.2144.7149.7160.0156.6178.4189.0196.1188.8214.8

221.9227.3249.9266.8289.3319.8353.0369.5406.1439.1

448.1482.1538.7607.9649.7697.9791.2900.1

1,023.31,136,7

1,223.01,371.21,387.81,503.2

1,328.11,353.51404 61*3987

1 384 6U94.11,394.91,377.4

1,415.91,478.11,537.1

Compen-sation

ofemploy-

ees

32.316.728.2

31.239.851.062.265.161.967.279.187.885.3

94.7110.2118.3128.7126.5138.5151.4159.1155.9171.6

181.1185.1199.8210.7226.3246.1273.5291.9322.8358.5

378.4402.0447.0506.2556.5581.1654.4738.5844.3958.1

1,046.51,155.81,198.61,269.3

1,123.71,146.41173 2l] l79J

1187 71,199.71,205.61,201.2

1,222.41,253.91,283.71,317.4

Corporate profits with inventory vatuatior

TrttatlOldl

7.5- 2 . 1

4.27.4

12.717.721.821.617.113.819.725.622.9

29.633.430.230.028.638.335.934.930.240.1

37.438.345.651.257.767.772.268.873.367.5

52.762.172.778.663.686.1

107.3129.5142.1134.7

120.3150.2124.0174.5

148.1145.1158.8149^0

127 7126.5127.5114.3

133.9165.7194.5

Prnfitcrroiiisbefore

tax

8.4.6

6.18.8

16.420.123.622.217.822.029.131.824.9

38.539.133.834.932.142.041.839.833.743.1

39.739.544.248.955.465.270.366.372.969.4

56.865.476.696.0

105.3107.3135.0156.5178.4191.8

177.8183.0131.5151.9

195.3177.218711722

137 0136̂ 6134.4117.9

119.7149.0173.8

consumption adjustments

Prof-itstax

liabili-ty

1.2.5

1.42.77.5

11.213.812.610.28.6

10.811.89.3

16.921.217.818.515.620.220.119.116.220.7

19.219.520.622.824.027.229.527.733.433.1

27.029.833.640.042.041.252.659.666.969.2

67.065.541.255.1

71.763.067 5599

45 74X642.033.6

41.855.063.9

Profit >

Profits after tax

Total

7.3.1

4.76.19.08.99.89.67.6

13.418.320.015.6

21.617.916.016.416.421.821.820.717.522.4

20.520.123.526.231.438.040.838.639.536.2

29.835.643.056.063.366.182.396.8

111.5122.5

110.8117.590.396.7

123.6114.2119.61124

91493.092.484.4

77.994.0

109.8

Divi-Honrleoenas

5.12.03.33.53.93.73.94.14.14.85.56.06.07.57.17.17.37.48.59.09.39.3

10.0

10.610.611.412.613.715.616.817.519.119.1

18.518.520.121.121.425.730.131.937.739.8

43.753.557.264.9

50.252.255 256^3

55 255.758.559.2

63.365.665.165.7

Undis-tributedprofits

2.2= 1.9

1.42.65.05.25.85.63.58.6

12.814.09.6

14.110.88.89.19.0

13.412.7U.48.2

12.4

9.99.5

12.213.517.722.424.021.220.417.1

11.317.122.935.041.940.452.264.973.882.8

67.164.033.131.8

73.462.064 556*1

36 237^333.925.1

14.528.444.8

and capital

Inven-tory

valua-tion

adjust-ment

0.5- 2 . 1- .7- .2

- 2 . 5-1 .2- .8- .3- .6

- 5 . 3-5 . 9-2 .2

1.9- 5 . 0-1 .2

1.0- 1 . 0- .3

- 1 . 7- 2 . 7- 1 . 5

— 3-3-2

.3

.0

.1- .5

- 1 . 2- 2 . 1- 1 . 6- 3 . 7- 5 . 9

- 6 . 6- 4 . 6-6 .6

-20.0-40.0= 11.6-14.7-16.2-24.0-43 .1

-42.9-23.6- 8 . 4- 9 . 8

-36.7-22.6— 19 4- 1 5 J

— 55-8!5-9 .0

-10.3

-1 .7-10.6-18.3-8 .5

Capitalconsump-

tioniion

adjust-ment

- 1 . 4=-.6

- 1 . 1

- 1 . 2- 1 . 3-1 .2- .9-.3- .2

- 3 . 0- 3 . 5- 4 . 0- 3 . 9

- 3 . 9-4 .6- 4 . 5-3 . 9-3 .2- 2 . 0- 3 . 2-3 .4-3 .2- 2 . 7

- 2 . 1- 1 . 5

1.42.32.93.73.94.0

- 4.04.02.41.32.72.6

- 1 . 8- 9 . 7

-13.0-10.8-12.3-13.9

- 1 4 . 7- 9 . 1

.832.5

-10 .5-9 .6- 8 8

76

—38- 1 . 6

2.16.7

15.927.339.047.7

Netinter-est

1.41.71.51.41.31.31.11.01.0.7.8.9

1.0.9

1.11.21.31.51.61.72.22.73.13.53.94.54.85.36.17.48.7

10.113.1

17.018.019.123.029.630.829.532.136.943.9

56.365.265.259.3

56.362.172 670*C

69 26L961.861.9

59.758.658.960.2

1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-13.—Output, costs, and profits of nonfinancial corporate business, 1948-83

[Quarterly data at seasonally adjusted annual rates]

Year orquarter

Gross domesticproduct of

nonfinancialcorporate

business (billionsof dollars)

Currentdollars

1972dollars

Current-dollar cost and profit per unit of output (dollars)1

Totalcostand

profi t2

Capitalconsump-

tionallow-anceswith

capitalconsump-

tionadjust-ment

Indi-rectbusi-nesstax,

etc.*

Compen-sation

ofemploy-

ees

Corporate profits withinventory valuation and

capital consumptionadjustments

TotalProfits

taxliability

Profitsaftertax4

Netinterest

Outputper hour

of allemploy-

ees(1972dollars)

Compen-sation

per hourof all

employ-ees

(dollars)

1948

1949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983 "...

1981:

I

IV

1982:

IIIIllIV

1983:

137.3133.5

151.9174.5182.3195.0191.9

216.7231.6242.3236.3266.0

277.0285.0311.3331.8358.4

393.6431.5454.1500.2544.1

563.7609.9678.0759.4818.9

890.01,001.31,128.41,276.21,416.8

1,540.71,739.91,776.71,918.4

1,683.31,718.81,778.61,778.9

1,764.91,780.21,786.81,775.0

1,817.61,892.41,957.8

229.7219.9

247.5270.2275.2292.0283.4

315.1324.1328.3313.4347.4

358.4367.2399.7426.3455.6

495.2530.7543.0578.9604.0

599.6626.8678.0731.9708.2

694.2745.5795.8846.3876.1

859.5887.5857.7893.9

883.7888.7898.6878.9

864.3860.5859.5846.4

856.0885.8909.4

0.598.607

.614

.646

.663

.668

.677

.688

.715

.738

.754

.766

.773

.776

.779

.778

.787

.795

.813

.836

.864

.901

.940

.9731.0001.0381.156

1.2821.3431.4181.5081.617

1.7931.9602.0722.146

1.9051.9341.9792.024

2.0422.0692.0792.097

2.1232.1362.153

0.047.053

.051

.054

.057

.058

.063

.061

.067

.073

.079

.074

.075

.075

.071

.069

.068

.066

.067

.072

.074

.078

.087

.091

.092

.093

.112

.137

.141

.145

.155

.171

.198

.217

.245

.244

.207

.213

.217

.229

.236

.242

.247

.254

.252

.245

.241

0.053.057

.057

.056

.061

.062

.061

.061

.064

.068

.073

.073

.079

.082

.083

.083

.084

.083

.081

.084

.089

.096

.106

.113

.113

.114

.127

.140

.141

.141

.144

.149

.172

.199

.209

.220

.195

.198

.199

.204

.204

.207

.209

.215

.218

.223

.221

0.382.388

.383

.408

.430

.441

.446

.439

.467

.484

.497

.494

.505

.504

.500

.494

.497

.497

.515

.538

.558

.594

.631

.641

.659

.692

.786

.837

.878

.928

.9981.094

1.2181.3021.3971.420

1.2721.2901.3061.342

1.3741.3941.4031.419

1.4281.4161.412

0.112.104

.120

.124

.110

.103

.101

.122

.111

.106

.097

.116

.104

.104

.114

.120

.127

.137

.136

.127

.127

.112

.088

.099

.107

.107

.090

.124

.144

.163

.168

.154

.140

.169

.145

.195

.168

.163

.177169

.148

.147

.148

.135

.156

.187

.214

0.051.042

.068

.079

.065

.063

.055

.064

.062

.058

.052

.060

.054

.053

.052

.053

.053

.055

.056

.051

.058

.055

.045

.047

.049

.055

.059

.059

.071

.075

.079

.079

.078

.074

.048

.062

.081

.071

.075

.068

.053

.051

.049

.040

.049

.062

.070

0.060.062

.051

.045

.045

.040

.046

.057

.049

.048

.045

.056

.051

.051

.062

.067

.074

.082

.080

.076

.069

.057

.043

.052

.058

.053

.030

.065

.073

.088

.089

.075

.062

.095

.097

.134

.086

.092

.102

.101

.095

.096

.099

.095

.108

.125

.144

0.004.004

.004

.004

.004

.004

.005

.005

.005

.007

.009

.009

.010

.011

.011

.011

.012

.012

.014

.016

.017

.022

.028

.029

.028

.031

.042

.044

.040

.040

.044

.050

.065

.074

.076

.066

.064

.070

.081

.079

.072

.073

.070

.066

.065

5.2065.433

5.5365.7275.9976.2486.469

6.6736.7766.8477.0747.092

7.1157.4507.6647.8497.555

7.7748.0028.1448.2168.201

8.1268.3328.373

2.5892.684

2.7972.8872.9983.0893.213

3.3163.4923.6803.9454.209

4.4914.7785.0525.4295.937

6.5077.0247.5588.1988.969

9.89410.85011.700

8.2908.3198.3928.323

8.3428.3308.4098.421

8.4928.6278.716

10.54110.73010.95711.171

11.46311.61411.79511.952

12.12612.21312.304

1 Output is measured by gross domestic product of nonfinancial corporate business in 1972 dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two

places to the left.3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.

Sources: Department of Commerce (Bureau of Economic Analysis) and Department of Labor (Bureau of Labor Statistics).


TABLE B-14.—Personal consumption expenditures, 1929-83


Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983"

1981:

IIIIIIV

1982:III . . . .IllIV

1983:

||tilIV P

Personalconsump-

tionexpendi-

tures

77.345.867.0

71.080.888.699 4

108.2119.5143.8161.7174.71781

192 0207.12171229.7235 8253.7266 0280.4289 5310 8

324 9335 0355 2374 6400 543044651490 3536.9581.8

6217672.27371812.0888.19764

1,084.31204 41346 51,507.2

166811857 2199192,158.6

1,802.81835 8188611,904.1

1938 91972 82 008 82,046.9

2 073 02147 0218112,233.1

Durablegoods

9.23.56.7

7.89.76.96.56.78.0

15.820.422.925 0

30.829.829.132.531.838.637 939.336 842.4

43.141646.751456.463 068.070180.585.7

85 297.2

1111123.3121.5132 2156.8178 2200 2213.4

214 7236.1244 5278.6

236.9233 4243 5230.8

239 4242 9243 4252.1

258.5277 7282 8295.2

Nondura-ble goods

37.722.335.1

37.042.950.858.664.371.982.790.996.694 9

98 2108.8113.9116.5118 0122.9128 9135.2139 8146.4

1511155 316161671176 91886204 7212 6230.6247.8

265 7278 8300 6333.4373.4407 3441.7478 8528 2600.0

668 8733 97610804.3

716.3730 67411747.7

749 7754 7766 6773.0

7771799 6814 8825.9

Services

30.320.125.2

26.228.231.034.337.139.645.350.455.358.2

63.068.574.080.686.192.199.2

105.9112.8121.9

130.71381147.01561167.1178 7192.4207 6225.8248.2

270 8296.23253355.2393.2437 0485.7547.4618 0693.7

784 5887.1986 4

1,075.7

849.6871.89015925.6

949.7975 29989

1,021.8

1,037.41069 71 083.51,112.0

Durable good;

Motorvehicles

and parts

3.31.12.3

2.83.5

.8

.81.04.16.68.0

10.6

13.712.211.313.913.017.815.817.214.818.9

19.717 821.524 426.130 030.430136.338.7

36 245.452.457.150.455 872.684.895 796.6

90 7101.6109 9132.8

103.998.5

107 796.5

106.4107 6109 4116.1

118.4133 9135 6143.2

Furnitureand

householdequip-ment

4.71.93.4

3.84.84.63.93.84.58.4

10.611.511.3

13.714.014.014.614.616.217.116.916.617.8

17.717.918.920.322.824.711129.532.334.1

35.237.241.747.150.653.559.165.772.881.8

86.393.393.5

101.8

92.793.393.893.4

91.793.993.594.9

97.3100.8102.9106.4

Other

1.2.5

1.0

1.11.31.61.92.12.53.23.33.43.2

3.33.63.94.14.24.65.05.25.45.8

5.85.86.36.77.68.39.9

10.511.813.0

13.914.616.919.220.522.925.211131.735.1

37.741.241.144.0

40.341.542.040,9

41.341.440.541.0

42.943.144.345.7

Nondurable goods

Food

19.511.519.1

20.223.428.433.236.740.647.452.354.252.5

53.960.463.464.465.467.269.973.676.479.1

81.183.285.587.892.798.9

106.6109.6118.7127.5

138.9144.2154.9172.1193.7213.6230.6249.8275.9311.6

345.1375.9396.9422.5

367.7373.7378.9383.2

388.1394.7400.4404.5

411.7419.6426.4432.4

Clothingand

shoes

9.44.67.1

7.58.8

11.013.414.616.518.218.820.119.3

19.621.221.922.122.123.124.124.324.726.1

26.727.428.729.531.933.536.638.242.145.5

46.850.655.461.464.869.675.382.692.499.1

104.6115.3119.C125.6

112.1115.0116.8117.2

118.4119.0119.2119.6

120.0126.4125.1130.9



TABLE B-14,—Personal consumption expenditures, 1929-83—Continued


Year orquarter

Nondurable goods—cont'd

Gasolineand oil

Fuel oitand coal Other

Services

Housing 1Household operation

Total Electricityand gas Other

Transpor-tation

Other

Total Medicalcare

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983 P

1981:|IIIll "...IV

1982:IIIIIIIV

1983:IIIIllIV '

1.81.52.2

2.32.62.11.31.41.83.44.04.85.3

5.56.16.87.47.88.69.410.210.611.3

12.012.012.612.913.514.716.017.018.620.7

22.423.925.428.636.640.444.048.151.266.6

84.894.691.590.6

93.194.895.195.6

94.089.691.391.1

87.390.393.191.6

1.61.21.4

1.51.71.92.02.02.22.53.03.43.1

3.43.53.43.43.53.83.94.14.24.0

3.83.73.74.04.14.44.74.84.74.5

4.44.55.06.27.78.29.810.711.916.1

18.620.720.020.9

20.320.721.120.9

19.419.620.920.2

17.721.223.021.6

5.43.55.3

5.66.47.58.79.610.811.312.814.114.7

15.817.618.319.319.220.321.623.024.025.9

27.529.031.132.834.637.240.943.046.549.6

53.255.559.865.070.575.582.187.696.9106.6

115.7127.4133.5144.8

123.1126.4129.2130.8

129.8131.9134.8137.7

140.4142.1147.2149.5

11.78.19.4

9.710.411.211.812.312.814.216.017.919.6

21.724.327.029.832.234.336.739.342.045.0

48.151.254.758.061.465.569.574.179.887.0

93.9102.7112.5123.8137.4149.8166.5185.9209.6236.0

266.2302.0334.1363.6

288.0297.0306.6316.5

323.8329.7337.8345.2

352.6359.5367.2375.2

4.02.83.8

4.04.34.85.25.96.46.87.58.18.5

9.510.411.112.012.614.015.216.217.318.5

20.121.022.223.424.826.328.030.032.235.0

37.741.045.249.655.263.371.681.190.199.3

113.0128.4144.3154.8

121.7125.8130.5135.5

140.2144.6145.2147.1

145.9155.4155.8162.2

1.21.11.4

1.51.51.61.71.81.92.12.32.62.9

3.33.74.14.55.05.56.16.57.17.6

8.38.89.49.9

10.410.911.512.213.114.2

15.417.018.820.524.029.232.938.542.947.8

57.666.876.382.0

62.965.168.271.0

74.977.276.276.8

74.182.883.387.6

2.91.72.4

2.62.73.23.54.14.54.75.15.45.6

6.26.77.07.57.68.59.29.7

10.210.9

11.812.212.813.614.415.416.517.819.220.8

22.224.026.429.131.234.138.742.647.251.5

55.461.668.072.9

58.860.762.364.5

65.367.469.070.3

71.872.672.574.6

2.61.52.0

2.12.42.73.43.74.05.05.35.85.9

6.26.77.17.87.98.28.69.09.3

10.1

10.711.211.712.212.813.715.016.217.619.5

22.025.127.528.830.933.238.646.451.256.3

61.165.568.472.9

65.464.566.065.9

66.568.069.869.2

70.170.974.076.6

12.07.7

10.0

10.311.212.213.915.216.419.421.723.624.1

25.627.028.831.033.335.638.741.444.348.3

51.754.858.362.568.173.379.987.296.2

106.8

117.2127.4140.1153.0169.8190.7209.0234.1267.1302.0

344.3391.3439.6484.3

374.5384.5398.4407.7

419.2432.9446.1460.3

468.8483,9486.6498.0

2.21.52.1

2.22.42.62.93.33.64.55.56.36.4

6.97.38.08.99.7

10.311.012.013.114.3

15.416.418.019.522.323.926.028.431.436.5

41.045.951.457.464.573.783.396.5

108.4124.1

145.1173.6196.6213.4

162.8169.9177.9183.9

188.7194.4199.9203.5

207.0211.7215.1219.7

1 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-15.—Gross and net private domestic investment, 1929-83


Year or quarter

Grossprivatedomes-

ticinvest-ment

Less:Capital

con-sumption

allow-anceswith

capitalcon-

sumptionadjust-ment

Equals: Net private domestic investment

Total

Net fixed investment

Total

Presidential

TotalStruc-tures

Pro-ducers'durableequip-ment

Residential

TotalNon-farmstruc-tures

Farmstruc-tures


192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971.. . .1972.197319741975.1976. ..1977 .19781979

1980 . . .1981. .1982

1983"

1981:

\\ZZZZ.IIIIV

1982:|IIillIV

1983:ItltilI V

16.21.49.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0

401.9474.9414.5471.3

455.5472.1495.8476.2

422.9432.5425.3377.4

404.1450.1501.1529.8

9.77.48.7

9.110.011.211.511.712.214.017.320.221.8

23.527.229.331.032.734.838.741.743.544.9

46.347.549.050.652.956.060.765.972.1

88.196.5

106.4116.5136.0159.3175.0195.2222.5256.0

293.2329.5359.2377.4

314.8324.2334.4344.6

349.3356.1363.0368.3

370.8373.3381,7383.6

6.5-6 .0

.6

4.17.9

-1 .3-5.7-4.6-1.616.616.625.613.5

30.332.022.822.420.033.632.327.518.433.2

29.627.336.540.344.557.565.057.061.269.3

56.269.988.6

113.392.746.882.8

128.9164.1167.0

108.7145.455.393.9

140.7147.9161.4131.6

73.676.462.39.1

33.376.8

U9.4146.2

-4 .5.1

1.93.4

-3 .0-5 .0-3 .6

- . 610.317.120.916.6

23.521.719.721.921.627.627.626.119.927.5

26.724.930.234.438.947.650.946.653.359.5

52.962.378.494.878.553.771.0

105.9137.7152.7

118.5127.079.9

100.8

129.8132.9127.8117.3

99.387.667.265.5

72.791.3

110.9128.5

3.1-3 .5

- . 6

.72.0

-2 .5-3 .5-1 .7

1.36.6

10.211.38.1

9.610.79.1

10.89.1

11.913.914.38.1

10.6

12.310.914.015.319.728.935.431.933.638.1

33.931.137.051.949.230.334.350.773.689.0

77.089.759.044.6

1.7-1.6-1 .0

- . 7- . 3

-1 .7-2.6-2 .0-1.2

2.42.12.72.3

2.93.93.84.85.15.97.97.96.46.4

7.37.37.97.89.1

12.914.813.814.516.6

16.315.616.620.718.913.114.116.023.333.7

36.249.148.836.8

1.4-1 .8

.3

1.42.2

- . 7- . 9

244.28.28.65.8

6.76.75.36.04.06.06.06.41.84.2

5.03.66.17.5

10.616.020.618.219.121.5

17.615.520.431.230.317.320.234.750.455.3

40.940.610.27.8

1.7-1 .0

,8

1.21.5

- . 6-1.6-1.9-1 .8

3.76.89.78.5

13.911.010.611.112.515.713.711.811.816.9

14.414.016.219.019.118.715.514.719.821.3

19.031.241.342.929.323.436.855.264.063.7

41.537.320.856.2

1.7- . 9

.8

1.11.4

- . 5-1.4-1.7^1.6

3.46.49.17.9

13.410.610.310.812.215.613.411.711.616.7

14.313.916.118.818.918.615.314.519.621.0

18.930.940.942.528.423.136.554.563.363.2

41.237.721.356.6

-0.1- .1- .0

.0

.0- .1- .1- .1

~2.3.4.4

.3

.3

3̂

.0

.1

.1

- . 0

!o.0.0

- . 0.0.0

- . 1- . 0

.2

- ! 2- . 4

.2- . 2

~'.\

-2

-'.9

0.0- . 0

.0

.0

.0- . 0- . 1- . 1- . 1

,12

\\

.2

.1

.1

.1

.1

.1

.1

.1

.1

.2

.1

.1

.1

.1

.2

.2

.2

.2

.3

.4

.4

.5

.6

7.5.5.6.6

.6

.5

.3

.4



TABLE B-16.—Gross and net private domestic investment in 1972 dollars, 1929-83

[Billions of 1972 dollars; quarterly data at seasonally adjusted annual rates]

Year or quarter

Less: Equals: Net private domestic investment

Grossprivate

domes-tic

invest-ment

55.88.4

33.6

44.555.829.518.119.727.770.970.082.165.4

93.593.983.085.383.1

103.8102.697.087.5

108.0

104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4

158.5173.9195.0217.5195.5154.8184.5214.2236.7236.3

208.5227.6194.5218.4

222.7229.5236 3221J

199.7201.4198 4V8A

190.0210 2230724Z5

con-sumption

allow-

anceswith

capitalcon-

sumptionadjust-ment

33.633.032.1

32.433.133.332.632.132.334.036.138,540.7

42.845.347.549.852.154.256.558.660.361.6

63.365.066.969.071.674.878.782.887.191.6

96.1100.2106.4110.8116.1120.8125.1129.9135.8143.0

149.8155.9162.5169.1

153.7155.1156.6158.2

159.7161.6163 1165*5

166.3167 8170717L5

Total

22.3-24.6

1.5

12.222.7

=3.8= 14.6= 12.4=4.636.933.943.624.7

50.748.735.435.631.149.546.138.427.246.4

41.438.950.756.061.477.284.372.174.579.8

62.473.688.6

106.879.334.059.484.3

100.993.3

58.771.632.049.3

69.074.479.763.5

40.039.835 312^9

23.742.460 07i!o

Total

17.7-19.8

- .1

6.010.6

- 9 . 0-14.7-10 .1- 1 . 024.834.138.129.1

40.135.031.134.133.341.840.336.929.039.3

37.935.942.948.554.365.467.559.965.568.8

58.765.678.489.667.740.851.671.184.986.0

63.163.141.451.7

66.065.563.657.5

50.243.236.6

39.147.856 2615

Net fixed investment

Nonresidential

Total

11.7-14.7

- 3 . 1

1.65.7

- 7 . 3-10.2- 5 . 1

3.616.621.521.614.8

17.017.815.117.514.719.021.120.412.215.4

17.616.120.121.627.339.446.740.841.044.4

37.732.737.050.343.423.025.636.349.254.6

44.347.533.329.5

Struc-tures

7.8= 8.5- 4 . 0

- 2 . 6— 7

-5^8- 8 . 2- 6 . 6- 3 . 6

6.85.05.85.0

6.17.26.98.59.1

10.412.812.310.210.2

11.811.912.812.414.319.821.719.319.220.5

18.616.616.619.414.98.89.39.5

13.016.5

15.317.917.513.3


3.8= 6.2

.9

4.26.3

- 1 . 5- 2 . 0

1.57.29.8

16.515.89.7

10.910.68.29.05.68.68.38.12.05.2

5.84.27.39.1

13.019.725.021.521.823.9

19.116.120.430.928.514.216.326.836.238.1

29.129.615.716.2

Total

6.0- 5 . 1

3.0

4.35.0

- 1 . 8- 4 . 5- 5 . 0- 4 . 6

8.212.616.514.4

23.217.116.016.618.622.819.216.516.923.9

20.319.822.826.927.026.020.819.124.524.3

21.032.941.339.324.317.826.034.735.631.4

18.715.68.2

22.2

Reside

Non-farmstruc-tures

6.2- 4 . 6

3.0

4.14.7

- 1 . 6- 4 . 1- 4 . 6- 4 . 1

7.711.915.613.5

22.416.515.516.118.222.718.816.316.623.6

20.219.622.626.726.825.820.618.924.324.0

20.932.640.938.923.517.525.834.235.131.0

18.415.78.3

22.2

mtial

Farmstruc-tures

- 0 . 2=.5

.0

.2

.2- .1- .3- .4_ 4

A.6.8.7

.6

.5

.4

.4

.3

.0

.2

.1

.1

.1

- .1.1.0.0.1

- .1.0.0

- .1= .1

- .3- .2= .2- . 3

.2-.2- . 1

.1

.0- .1

- . 1— .4— 3= .3


0.0.0.0

.1

.1

.0— .1— 1

.0

.1

.2

.2

.1

.2

.1

.1

.1

.1

.1

.1

.1

.1

.2

.1

.1

.1

.2

.2

.2

.2

.2

.3

.4

.4

.5

.6

.7

.6

.4

.4

.5

.5

.5

.4

.3

.2

.3

Change

inbusi-ness

inven-tories

4.6=4.9

1.6

6.212.05.2

.1=2.3=3.612.2-25.5

-4 .4

10.613.74.31.5

-2 .27.75.81.5

= 1.87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

=6.77.8

13.316.07.3

=4.48.5

-9 .4- 2 . 4

3.08.9

1616.0

= 10.2- 3 4

1322 7

-15.4

~3£7.5

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983 "

1981:Iif!"Z"HIiv

1982:IIIIllIV

1983:IIIIllIV P.



TABLE B-17.—Inventories and final sales of business, 1946-83

[Billions of dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter:1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983 "

1981:

||IIIIV

1982:

iiIllIV

1983:|||IIIIV

Inventories1

Total

72.082.687.278.7

98.0110.5109.21101107.6

114.8124.0127.6127.3132.0

136 0137.9144 6150.4156.2

170.5187.4199.4213.5234.6

244.0260.8288.7357.7434.4

439.4473.6519.5602.3705.0

775.4819.3798.4816.9

791.2802.2811.9819.3

810.4814.6814.9798.4

791.5793.9807.5816.9

Farm

22.725122.919 8

26.128.326.024 623.8

22.522.924 325.624.4

25 625.927 327.626.5

29.929 629.530 633.3

32.336 745.666.662.4

64 560.659973.981.9

86.383 780.782.4

85 687.583.183.7

86.888.584 680.7

84.382.681.982.4

Total

49.357 564.359 0

71982.283.185 583.9

92 2101.0103 3101.7107.6

11041121117 3122 7129.7

140.6157 8169.9182 9201.3

211.62241243.1291.2372.0

374 9413.0459 6528.3623.1

689.0735 6717.7734.6

705 6714.7728 8735.6

723.67261730 3717.7

707.1711.3725.5734.6

Manu-facturing

26.729.332.528.9

35.243.444.446.444.3

48.854.554.853.255.7

56 657.760 962.966.4

71.581788.795 2

104.8

108.4109 9116.8141.1189.6

189 8207.5224 7254.2306.6

341.4363 2341.5343.1

350 7355.4362.9363.2

355.7351.4349.4341.5

332.7334.9341.1343.1

Jonfarm

Whole-sale

trade

10.110.511.711.8

13.814.614.815.015.3

16.617.918.218.320.0

20.420.S21.523.124.4

26.329.932.434.337.7

41.744.949.460.276.9

77.386.998.7

114.6135.7

155.9164 6163.5167.3

159 6160.6162.5164.6

160.6164.4165.0163.5

159.1159.2164.1167.3

Retailtrade

11.413.115.114.0

17.518.017.718.318.5

20.921.722.922.923.9

25.324.926.327.629.0

31.934.635.339.042.8

44.350 555.764.874.1

74 682.993.7

109.0121.0

128.0139 4141.3153.0

129 8133.4137.3139.4

137.3139.0143.2141.3

143.3145.6149.3153.0

Other

3.54.65.04.3

5.46.16.25.85.9

6.06.97,37.38.0

8.18.78.69.29.9

10.911.613.514.416.0

17.318.821.225.031.3

33.335.742.550.659.8

63.868.471.371.1

65.465.466.168.4

69.971.372.771.3

72.171.671.171.1

Finalsales 2

16.018.319.619.5

21.724.626.127.227.5

29.731.432.733.735.6

36.938.841.143.746.2

51.054.157.663.367.4

70.877.285.894.5

102.0

113.6124.1138.9159.5176.9

194.6212.7223.0241.3

202.0205.0210.4212.7

215.1217.1217.9223.0

226.2232.0236.8241.3

Inventorsales

Total

4.504.514.444.03

4.534.494.184.053.91

3.863.953.903.773.71

3.693.553.523.443.38

3.343.463.463.373.48

3.453.383.373.794.26

3.873.823.743.783.99

3.983.853.583.39

3.923.913.863.85

3.773.753.743.58

3.503.423.413.39

Minal

Non-farm3

3.083.143.273.02

3.323.343.183.153.05

3.103.223.163.013.02

2.992.892.852.812.81

2.762.922.952.892.99

2.992.902.833.083.65

3.303.333.313.313.52

3.543.463.223.04

3.493.493.463.46

3.363.343.353.22

3.133.073.063.04

1 End of quarter.2 Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions,

government, and rest of the world, and includes a small amount of final sales by farms.3 Ratio based on total business final sales, which includes a small amount of final sales by farms.Note, The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial

Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-18.—Inventories and final sales of business in 1972 dollars, 1947-83

[Billions of 1972 dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter:194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

1975197619771978.1979

1980198119821983 p

1981:1IIHIIV..

1982:|IItilIV...

1983:|IIHIIV

Inventories »

Total

1161121.6117.2

127.71414145.7147.2145.0

152.8158.61601158.3165.3

168.81718179 7187.2194 3

2061222.9235.1244.1255.1

258.9267 0277.2294 4306.0

299.2307 0320.3336 3343.6

339.2347 7338 3335.9

340.0342 2346 2347.7

345.2344 3344 0338.3

334.5333.13341335.9

Farm

25 726.726.2

27.529130.430.231.1

31.530.731432.432.4

32.833 234 535.7351

36.236.036.837.037.3

37.739 239.842141.8

43.041140.840 843.2

40 944 243440.5

41.142 243 344.2

44.544 243 843.4

43.342.841540.5

Totat

90 594.891.0

100.2112.3115.4117.1114.0

121.2127.8128 7125.9132.9

136.1138 6145.2151.5159.2

169.9186.8198.3207.0217.8

221.2227 8237.4252 3264.2

256.3265 9279.5295 5300.4

298 4303 5294 9295.5

298.9300 0303 0303.5

300.7300.2300 2294.9

291.2290.3292 5295.5

1

Manu-facturing

47 448.846.2

49.360062.764.560.9

64.369.168 766.169.1

69.971775.678.282.0

87 097.2

1041108.4112.8

112.91118114.41218130.9

127.113091341139 8145.0

1459147 9139 6136.9

146.8147 2149 0147.9

146.0144.3143 0139.6

136.5136.3136 6136.9

Yonfarm

Whole-sale

trade

16 017.217.2

19.219.720.120.320.6

22.122.822.522.524.6

25.125 726.628.429.9

31635.337 838.941.2

44.045 947.950 454.1

52.255 559.763 564.7

66267 267.166.8

66.166.266 567.2

66.567.667 767.1

65.464.765 766.8

Retailtrade

18 320.319.8

23.023.023.023.623.7

26.526.827.827.528.7

30.329 831.633.034.5

37.440.040.043.045.9

46.151254.658 858.3

55.858863.167 366.1

63.265 665.168.8

63.164.265.265.6

64.964.866.165.1

65.966.367.368.8

Other

878.67.8

8.79.59.68.78.8

8.49.29.89.8

10.5

10.711411.412.012.8

13.814.316.316.817.9

18.219 020.521420.9

21.120 822.624 924.6

23.022 823.223.0

23.022.522.222.8

23.423.423.423.2

23.423.022.923.0

Finalsales2

33 234.434.6

36.939 841.643.043.1

45.646.547.148.149.7

50.753155.358.360.9

66.167.570.173.874.7

75.278984.787.285.0

88.192.297.6

103.0105.4

104.9105.9106.6111.4

106.6106.4106.8105.9

105.8105.5105.1106.6

106.8108.9110.3111.4

Inventorsales

Total

3 503.533.38

3.463 553.513.423.36

3.353.413.403.293.33

3.333.243.253.213.19

3.123.303.363.313.41

3.443.383.273.383.60

3.403.333.283.273.26

3.233.283.183.02

3.193.223.243.28

3.263.273.273.18

3.133.063.033.02

Minal

Non-farm3

2 732.762.63

. 2.722 822.782.722.64

2.662.752.732.622.68

2.682.612.622.602.61

2.572.772.832.812.92

2.942 892.802.893.11

2.912.882.862.872.85

2.842.862.772.65

2.802.822.842.86

2.842.852.862.77

2.732.672.652.65

1 End of quarter.2 Quarterly totals at monthly rates. Business final sates equals final sales less gross product of households and institutions,

government, and rest of world, and includes a small amount of final sales by farms.3 Ratio based on total business final sales, which includes a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial

Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-19.—Relation of gross national product, net national product, and national income, 1929-83



nationalproduct

Less:Capital

consump-tion

allowanceswith

capitalconsump-

tionadjustment

Equals:Net

nationalproduct

Less:

Indirectbusinesstax andnontaxliability

Busi-ness

transferpay-

ments

Statis-tical

discrep-ancy

Plus:Subsidies

lesscurrentsurplus

ofgovern-mententer-prises

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983 "..

1981:IIIIllIV

1982:IIIIllIV

1983:IIIIllIV ",..

103.455.890.9

100,0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8

2,631.72,954.13,073.03,309.5

2,866.62,912.53,004.93,032.2

3,021.43,070.23,090.73,109.6

3,171.53,272.03,362.23,432.0

9.77.48.7

9.110.011.211.511.712.214.017.320.221.8

23.527.229.331.032.734.838.741.743.544.9

46.347.549.050.652.956.060.765.972.180.0

88.196.5

106.4116.5136.0159.3175.0195.2222.5256.0

293.2329.5359.2377.4

314.8324.2334.4344.6

349.3356.1363.0368.3

370.8373.3381.7383.6

93.748.482.2

91.0115.0147.3180.7198.9200.2195.8215.7239.3236.5

263.0303.6318.7335.8334.1365.3383.0402.3406.2443.0

460.2477.0516.1546.1584.8635.0695.3733.7801.3864.0

904.7981.1

1,079.51,209.91,298.21,389.91,543.01,723.21,941.42,161.7

2,338.52,624.62,713.82,932.1

2,551.72,588.42,670.52,687.6

2,672.12,714.12,727.72,741.3

2,800.72,898.72,980.53,048.4

7.17.19.4

10.111.311.812.814.215.517.118.420.121.3

23.425.327.729.729.632.235.137.538.741.8

45.448.051.654.658.862.665.370.278.986.6

94.3103.7111.5120.9129.1140.1151.7165.7178.2189.6

213.4250.0258.3285.8

244.0249.1252.4254.3

252.6256.0259.9264.8

270.6285.8291.1295.7

0.6.7.5

.4

.5

.5

.5

.5

.5

.5

.6

.7

.91.01.21.11.21.41.51.61.8

2.02.02.12.42.72.83.03.13.43.9

4.14.44.95.55.87.47.98.69.3

10.3

11.712.914.115.5

12.512.813113.4

13.714.014.314.7

15.015.315.716.1

1.1

l.A

1.1.6

- . 8- 1 . 8

2.74.1

1.5-1 .6

1.33.21.72.32.01.3

- 2 . 1-1 .2

.2- 1 . 3

-2 .4- . 1

17

- L 21.4

- . 3

- 1 9

- 1 . 54.13.3

.83.75.55.11.4

=2.6

2.3- 4 . 9

.5

5.1-4 .2

-12.0- 8 . 5

-6 .71.72.54.2

- 1 . 2- 3 . 5

2.5

- 0 . 2- . 0

.4

.4

.1

.1

'.B.7.9

- . 2

- . 3

.1- . 1

-.5

- . 0.7.7

1.1.1

.41.71.81.11.71.62.51.61.41.9

2.92.63.83.41.12.41.03.13.73.4

5.56.49.5

16.3

5.66.56.47.2

7.26.48.0

16.6

12.311.815.825.2

Source: Department of Commerce, Bureau of Economic Analysts.


TABLE B-20.—Relation of national income and personal income, 1929-83


Year or quarter Nationalincome

Less:

Corporateprofitswith

inventoryvaluation

andcapital

consump-tion

adjust-ments

Netinterest

Contribu-tions for

socialinsurance

Wageaccruals

lessdisburse-

ments

Plus:

Govern-ment

transferpayments

topersons

Personalinterestincome

Personaldividendincome

Businesstransfer

payments

Equals:

Personalincome

192919331939

1940....1941....1942....1943....1944....1945....1946....1947....1948....1949....

1950....1951....1952....1953....1954....1955....1956....1957....1958....1959....

I960....1961....1962....1963....1964....1965....1966....1967....1968....1969....

1970....1971....1972....1973....1974....1975....1976....1977....1978....1979....

1980198119821983 *...,

1981:

ItIllIV

1982:III....

1983:

IIIIV P.

84.839.971.4

79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6

237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8

415.7428.8462.0488.5524.9572.4628.1662.2722.5779.3

810.7871.5963.6

1,086.21,160.71,239.41,379.21,550.51,760.31,966.7

2,116.62,373.02,450.42,646.9

2,295.82,337.22,423.42,435.6

2,419.72,448.92,458.92,474.0

2,528.52,612.82,686.9

9.0- 1 . 7

5.3

8.614.119.323.523.619.016.622.329.427.1

33.938.736.136.335.245.543.743.338.549.6

47.648.656.662.169.280.085.182.489.185.1

71.483.296.6

108.394.9

110.5138.1167.3192.4194.8

175.4192.3164.8226.3

194.7185.0197.6192.0

162.0166.8168.5161.9

181.8218.2248.4

4.74.13.6

3.33.33.12.72.42.21.82.32.42.7

3.03.54.04.45.35.96.67.99.6

10.3

11.413.014.716.418.321.024.427.630.034.8

41.446.551.260.276.184.587.2

102.5121.7153.8

192.6249.9261.1247.2

223.7242.6268.0265.3

265.0268.3256.4254.7

248.3243.8246.1250.4

0.2.3

2.1

2.32.83.54.55.26.16.15.85.45.9

7.18.59.09.1

10.111.512.914.915.218.0

21.121.924.327.328.730.038.843.447.955.0

58.664.674.292.4

104.3110.9126.0140.6161.8186.9

203.7237.0253.0272.3

231.7234.8239.0242.5

249.9252.4254.3255.4

265.4270.1274.4279.1

0.0.0.0

.0

.0

.0

.2- . 2

.0- . 0

.0

.0- . 0

.0

.1- . 0_ . l

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.6

.0- . 1

!o.0.0.2

- . 2

- . 0.1

- . 0- . 4

- . 1.0.0.0

.0- 1 . 3

- . 4.0

0.91.52.5

2.72.62.72.53.15.6

10.811.210.611.7

14.411.612.112.915.116.217.320.124.325.2

27.030.831.633.434.837.641.649.556.462.8

76.190.099.8

114.0135.4170.9186.4199.3214.6240.0

285.9324.3360.4387.9

311.9314.9332.8337.4

340.9350.3366.1384.3

383.6390.0386.8391.4

6.95.55.4

5.35.35.25.15,25.96.67.68.18.7

9.710.511.212.513.714.916.718.820.322.5

25.026.429.032.235.639.744.448.353.461.1

69.474.880.993.9

112.4123.2132.5152.8179.4218.7

266.0341.3366.2366.3

308.7329.8361.9364.7

364.9371.9364.8363.1

357.2357.1369.9381.0

5.82.03.8

4.04.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.221.922.4

22.222.624.126.529.129.936.539.645.350.8

56.862.866.470.5

59.661.964.565.3

65.665.666.467.9

68.869.370.972.9

0.6.7.5

.4

.5

.5

.5

.5

.6

.8

.91.01.21.11.21.41.51.61.8

2.02.02.12.42.72.83.03.13.43.9

4.14.44.95.55.87.47.98.69.3

10.3

11.712.914.115.5

12.512.813.113.4

13.714.014.314.7

15.015.315.716.1

85.047.072.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1.065.21,168.61,265.01,391.21,540.41,732.71,951.2

2,165.32,435.02,578.62,741.9

2,338.32,394.22,490.92,516.6

2,528.12,563.22,591.32,632.0

2,657.72,713.62,761.92,834.2


243


TABLE B-21.—National income by type of income, 1929-83


Year orquarter

Nationalincome1

Compensationof employees

TotalWages

andsalaries

Supple-ments

towages

andsal-

aries2

Proprietors' income with inventory valuation and capital consumptionadjustments

Total

Farm

TotalPropri-etors'

in-come3

Capitalconsump-

tionadjust-ment

Nonfarm

TotalPropri-etors'

in-come4

Inven-tory

valua-tion

adjust-ment

Capitalconsump-

tionadjust-ment

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962196319641965196619671968196919701971197219731974.19751976197719781979

198019811982.1983 "

1981:IIIIllIV

1982:1||IllIV

1 9 8 3 :

II. ..IllIV »

84.839 971.4

79.7102 7135.9169 3182.1180 7178 6194 9219 9213.6

237 62741287.93021301.1330.5349.4365.2366.9400.8

415.7428.8462.0488.5524.9572 4628.1662 2722.5779.3810.78715963.6

1,086.21,160.71,239.41,379.21,550.51,760.31,966.7

2,116.62,373.02,450.42,646.9

2,295.82,337.22,423.42,435.6

2,419.72,448.92,458.92,474.0

2,528.52,612.82,686.9

51.129.548.1

52.164.885.3

109.5121.2123.1118.1129.2141.4141.3

154.8181.0195.7209.6208.4224.9243.5256.5258.2279.6

294.9303.6325.1342.9368.0396.5439.3471.4519.9572.9

612.0652.2718.0801.3877.5931.4

1,036.31,152.11,301.11,458.1

1,599.61,769.21,865.71,990.1

1,718.81,750.91,791.71,815.6

1,834.21,859.91,879.51,889.0

1,923.71,968.72,011.82,056.0

50.529.046.049.962.182.1

105.8116.7117.5112.0123.1135.5134.7

147.0171.3185.3198.5196.8211.7228.3239.3240.5258.9

271.9279.5298.0313.4336.1362.0398.4427.0469.6515.7

548.7581.5635.2702.6765.2806.4889.9983.2

1,106.51,237.4

1,356.61,493.21,568.11,664.0

1,451.71,478.11,512.61,530.6

1,542.71,563.91,579.81,586.0

1,610.61,647.11,681.51,716.6

2.32.73.23.84.55.66.06.15.96.6

7.89.7

10.411.011.613.215.217.217.720.6

23.024.127.129.531.834.540.944.450.357.2

63.270.782.898.7

112.3125.0146.4168.9194.6220.7

243.0276.0297.6326.1

267.1272.8279.2285.0

291.6296.0299.7302.9

313.1321.6330.3339.3

15.05.9

11.8

13.017.524.229.130.431.836.735.940.936.4

38.743.243.441.841.242.943.945.347.747.6

47.248.649.950.552.556.960.561.264.067.0

66.269.476.993.888.790.094.1

103.9118.5132.1

117.4120.2109.0128.6

121.1118.9123.5117.1

111.2104.9103.6116.2

120.6127.2126.7139.7

6.12.54.4

4.46.4

10.112.012.012.414.915.117.612.8

13.716.115.113.112.511.511.211.113.210.9

11.712.112.312.010.813.114.112.612.714.6

14.315.018.732.826.524.619.119.126.331.9

21.830.521.521.0

26.529.135.031.3

27.416.815.826.0

22.221.015.525.3

6.32.64.5

4.56.5

10.312.212.212.715.215.718.213.5

14.416.916.013.913.312.212.112.114.111.9

12.612.913.012.811.513.814.913.513.715.7

15.616.420.434.629.028.022.823.331.337.8

28.938.429.929.4

34.137.043.139.6

35.725.124.234.6

30.629.423.933.6

= 0 . 2- . 0

.1

-3

~'.S- . 7

.9- . 9- . 9

-1 .0

- . 9

- . 7- . 7

~'.B- . 9

- 1 . 0-1 .2

- 1 . 3- 1 . 4- 1 . 6- 1 . 8=2.5-3 .4- 3 . 7- 4 . 3-5 .0-5 .9

- 7 . 1= 8.0- 8 . 4- 8 . 4

-8.2-8.3-8.4-8.6

- 8 . 4- 8 . 4- 8 . 4- 8 . 3

8.93.37.4

8.611.114.117.118.419.421.820.823.323.6

25.027.228.228.628.731.432.734.234.536.7

35.536.537.638.541.743.846.448.651.352.5

51.954.458.161.062.265.475.084.892.2

100.2

95.689.787.4

107.6

94.789.888.585.8

83.788.187.890.2

98.4106.2111.2114.4

3.97.68.6

11.714.417.118.319.323.321.823.122.2

25.126.426.927.627.630.531.833.133.235.3

34.235.336.437.240.242.745.347.550.651.9

51.754.558.162.365.867.477.186.894.9

103.2

100.3

97.3

97.490.3

84.7

85.384.586.0

91.096.8

100.6100.9

0.1- . 5- . 2

- . 0- . 6- . 4— 2- i l- . 1

- 1 . 7- 1 . 5

- . 4.5

- 1 . 1- . 3

.2— 2-.0— 2= !5= .3= .1=-.0

.0

.0- . 0- . 0_ i-'.2= .2= .2- . 4- . 5

- . 5=.6- . 7

- 2 . 0- 3 . 7-1 .2-1 .2- 1 . 2-2 .0-2 .9

- 3 . 1- 1 . 5- . 6- . 9

- 2 . 6- 1 . 4-1 .2- 1 . 0

- . 1= .8- . 7- . 8

— 2- L I- 1 . 5

- . 6

1 National income is the total net income earned in production. It differs from gross national product mainly in that it excludesdepreciation charges and other allowances for business and institutional consumption of durable capital goods and indirect businesstaxes. See Table B-19.

2 Employer contributions for social insurance and to private pension, health, and welfare funds; workers' compensation; directors'fees; and a few other minor items.



TABLE B-21.—National income by type of income, 1929-83—Continued


Year or quarter

192919331939

19401941194219431944194519461947...19481949

1950195119521953195419551956195719581959

1960196119621963196419651966 !."....196719681969

19701971197219731974197519761977...19781979

1980198119821983 '

1981:1....

)||"IV

1982:

IIIIIIV

1983:|UIllI V

Rental income of persons

adjustment

Total

4.92.22.6

2.73.14.04.44.54.65.55.35.76.1

7.17.78.8

10.011.011.311612.212.913.6

14 515.015.816.517.118.018.719 719.519.6

19.720.221.022 623.523.023.524 826 627.9

31.541449 954.8

37.439.942 745.6

47 449 050 952.3

54154.853.956.2

Rentalincome

ofpersons

5.72.33.1

3.33.95.05.65.96.27.37.78.58.9

10.011.012.213.414.414.815 215.916.717.4

18 018.419.119.720.221.222.323 624.025.2

25.827.129.032135.336.839.244050 056.2

63.977 086 393.4

71.774.878 782.6

84 785 787 687.4

91692.294.095.7

Capitalcon-

sumptionadjust-ment

08- . 1

6

- . 6_ 8

- 1 . 0- 1 2- 1 . 4- 1 6-1 .8- 2 . 5-2 .8

28

- 2 . 9- 3 3

34- 3 4

33- 3 . 5

3 6- 3 . 6

38- 3 . 8

35- 3 . 4

3 4- 3 . 2- 3 . 2- 3 . 3- 3 . 6

39- 4 . 5

56

- 6 . 1- 6 . 9

8095

-11.8-13.8

15 619123 4

-28.3

-32.435 636 5

-38.6

34 3-34.9

36 0-37 .1

37 336 736 7

-35.2

37 5-37.4-40.0-39.4

Corporate profits with inventory valuation and capital consumption adjustments

Total

9.0-1 .7

5.3

8.614119.323 523.619016.622.329.427.1

33.938 736.136 335.245.543 743.338 549.6

47 648.656 662.169.280.085.182 489.185.171.483.296.6

108 394.9

110.51381167 3192 4194.8

175.4192 3164 8226.3

194 7185.0197 6192.0

162 0166 8168 5161.9

1818218.2248.4

Profits with inventory valuation adjustment and withoutcapital consumption adjustment

Total

10.5- 1 . 2

6.5

9.815420.524 524.019 319.625.933.431.1

37.943.340.640.238.447.546 946.641652.3

49 750.055159.766.076.080.978184.980.8

68.982.094.0

105 696.7

120.61516178 5205 1209.6

191.7203 3165 9195.5

207 1196.4208 3201.5

167 7170 3168 3157.2

168 0192.7210.8

Profits

Profitsbeforetaxes

10.01.07.2

10.017.921.725324.219 824.831.835.629.2

42.944.539.641.238.749.249 648.141952.6

49 849.755 059.666.577.283.079 788.586.7

75.486.6

100.6125 6136.7132.1166 3194 72291252.7

234.6227 0174 2205.3

243.9219.0227 7217.2

173 2178 8177 3167.5

169 7203.3229.1

Profitstax

liability

1.4.5

2.87.6

11.414.112.910.79.1

11.312.410.2

17.922.619.420.317.622.022 021.419 023.6

22 722.824 026.228.030.933.732 539.239.5

34.237.541.649 051.650.663 811183 287.6

84.882 859 275.7

91.780.483 775.6

60.361.460 854.0

61.576.084.9

Profits after tax

Total

8.6.4

5.7

7.210.310.311.211.39.1

15.720.523.219.0

25.021.920.220.921.127.227 626.722.928.9

27 126.931133.438.546.349.447 249.447.2

41.349.058.976 685.181.5

102.5122 0145 9165.1

149.8144.11151129.6

152.2138.6144 0141.7

112.9117.4116.5113.5

108.2127.2144.1

Divi-dends

5.82.03.8

4.0444.3444.6465.66.37.07.2

8.8858.5889.1

10.311111.511312.2

12 913.314 415.517.319.119.420 222.022.5

22.522.924.427 029.930.837 440 847 052.7

58.664 768 773.3

61.363.766 467.3

67 767 868 870.4

71472.073.775.9

Undis-tributedprofits

2.8-1 .6

2.0

3.2586.0676.745

10.214.216.211.8.

16.213 411.812111.916.916 615.211616.7

14 313.616 617.921.227.229.927 027.324.7

18.826.134.549 655.250.765.181298 9

112.4

91.279.546 456.3

90.974.977 674.4

45.249.547 743.1

36.755.270.4

Inven-tory

valua-tion

adjust-ment

0.5-2 .1

— 7

- . 2- 2 5- 1 . 2

- 83

- 653

-5 .9-2 .2

1.9

50-1 .2

1.0-1 .0

3-1 .7

2715

_ 33

_ 2.30.1

- . 5- 1 . 2- 2 . 1-1 .6-3 .7-5 .9

-6 .6-4 .6-6 .6

-20.0-40.0-11.6-14.7-16.2-24.0-43.1

-42.9-23.6

- 8 . 4-9 .8

-36.7-22.6-19.4-15.7

-5 .5-8 .5-9 .0

-10.3

-1 .7-10.6-18.3- 8 . 5

Capitalcon-

sumptionadjust-ment

14- . 6

-1 .1

- 1 . 2- 1 3-1 .2- 1 0

_*2-3 .0-3 .6-4 .0-3 .9

-4 .0- 4 . 6- 4 . 5- 3 . 9-3 .2-2 .0

3234

-3 .227

- 2 . 0141.52.53.14.04.24.34.34.3

2.51.32.72.7

-1 .8-10.1-13.5-11.3-12.7-14.8

-16.3-11.0

- 1 . 130.8

-12.4-11.4-10.7

-9 .5

-5 .6- 3 . 5

.14.7

13.925.637.646.3

Netinterest

4.74.13.6

3.3333.1272.4221.82.32.42.7

3.03.54.04.45.35.9667.99.6

10.3

11.413.014.716.418.321.024.427.630.034.8

41.446.551.260.276.184.587.2

102.5121.7153.8

192.6249.9261.1247.2

223.7242.6268.0265.3

265.0268.3256.4254.7

248.3243.8246.1250.4

3 With inventory valuation adjustment and without capital consumption adjustment.4 Without inventory valuation and capital consumption adjustments.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-22.—Sources of personal income, 1929-83


Year or quarter Personalincome

Wage and salary disbursements1

Total

Commodity-producingindustries

Total Manu-facturing

Distrib-utiveindus-tries

Serviceindus-tries

Govern-mentand


Otherlabor

Proprietors' incomewith inventoryvaluation and

capitalconsumptionadjustments

Farm

1929...1933...1939...

1940...1941...1942...1943...1944...1945...1946...1947...1948...1949...

1950...1951...1952...1953...1954...1955...1956...1957...1958...1959...

1960...1961...1962...1963...1964,..1965...1966...1967...1968...1969...

1970...1971...1972...1973...1974...1975...1976...1977...1978...1979...

1980...1981...1982...1983 ».

1 9 8 1 :IIIIII. . . .IV... .

1 9 8 2 :IIIIII . . . .IV.. . .

1 9 8 3 :IIIIII. . . .IV »..

85.047.072.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1,065.21,168.61,265.01,391.21,540.41,732.71,951.2

2,165.32,435.02,578.62,741.9

2,338.32,394.22,490.92,516.6

2,528.12,563.22,591.32,632.0

2,657.72,713.62,761.92,834.2

50.529.046.0

49.962.182.1

105.6116.9117.5112.0123.1135.5134.8

147.0171.3185.4198.6196.8211.7228.3239.3240.5258.9

271.9279.5298.0313.4336.1362.0398.4427.0469.6515.7

548.7580.9635.2702.7765.7806.4889.9983.2

1,106.31,237.6

1,356.71,493.21,568.11,664.4

1,451.71,478.11,512.31,530.6

1,542.81,563.81,579.81,586.0

1,610.71,648.41,681.91,716.7

21.59.8

17.4

19.727.539.149.050.445.946.054.261.157.8

64.876.382.089.685.793.1

100.6104.2100.0109.6

113.1113.7121.8126.9135.4146.0161.0168.3183.4199.6

203.0208.3227.3254.3274.7275.0307.3343.6389.4438.4

468.1509.5509.2529.6

497.5506.9518.2515.5

514.8513.7508.9499.5

508.6522.2537.8549.8

16.17.8

13.6

15.621.730.940.942.938.236.542.547.144.6

50.359.364.171.267.573.879.482.478.686.8

89.789.896.7

100.6107.1115.5128.0134.1145.8157.5

158.2160.3175.4196.2211.4211.0237.4266.0299.2333.9

354.6385.3383.8402.7

375.9386.1391.6387.5

386.2386.8384.8377.4

385.4397.4409.2418.6

15.68.8

13.3

14.216.318.020.122.724.831.035.237.537.7

39.844.346.949.750.153.457J60.560.864.8

68.269.372.876.381.487.294.4

100.9110.0120.8

130.3139.4152.1168.3184.6195.6216.6239.5270.7303.4

330.7361.6378.8397.2

351.5359.4366.9368.4

371.6378.1381.9383.5

386.4394.3398.9409.2

8.45.27.1

7.58.19.09.9

10.911.914.316.117.918.5

19.821.523.124.926.128.631.333.635.638.5

41.444.147.250.254.458.964.771.379.689.7

98.3106.7118.2131.3145.6159.7177.4197.7226.6259.7

297.6337.7374.1411.5

325.3331.1342.1352.4

357.6369.1381.2388.5

396.4407.3416.4425.9

5.05.28.2

8.510.216.026.633.034.920.717.519.020.8

22.629.233.334.434.936.638.841.044.146.0

49.252.456.360.064.969.978.386.496.6

105.5

117.1126.5137.5148.7160.9176.1188.7202.4219.5236.2

260.3284.4306.0326.1

277.4280.8285.1294.2

298.7303.0307.7314.5

319.2324.6328.8331.8

0.5.4.6

.6

.7

.91.11.51.82.02.42.72.9

3.74.65.25.96.17.08.09.09.4

10.6

11.211.813.014.015.717.819.921.725.228.5

32.536.743.048.855.864.575.989.4

102.5114.9

128.0143.5156.6173.4

137.6141.5145.7149.4

152.4155.4158.2160.4

164.3170.1176.4182.7

6.12.54.4

4.46.4

10.112.012.012.414.915.117.612.8

13.716.115.113.112.511.511.211.113.210.9

11.712.112.312.010.813.114.112.612.714.6

14.315.018.732.826.524.619.119.126.331.9

21.830.521.521.0

26.529.135.031.3

27.416.815.826.0

22.221.015.525.3

1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-21 in that itexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.



TABLE B-22.—Sources of personal income, 1929-83—Continued


Year or quarter

Rentalincome

ofpersons

withcapital

con-

Personaldividendincome

adjust-ment

Personalinterestincome

Transfer payments

Total

Old-age,survivors,disability,

andhealthinsur-ance

benefits

Govern-ment

unem-ployment

insur-ance

benefits

Veteransbenefits

Govern-ment

employ-ees

retire-ment

benefits

Aid tofamilies

withdepend-

entchildren(AFDC)

Other

Less:Persona!contribu-tions for

socialinsurance

Nonfarmpersonalincome2

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971197219731974197519761977197819791980198119821983 "

1981:

IIlljIV

1982:IIJlitIV

1983:

\\.ZZZIIIIV p

4.92.22.6

2.73.14.04.44.54.65.55.35.76.1

7.1778.8

10.011.011.311.612.212.913.6

14.515.015.816.517.118.018.719.719.519.6

19.720.221.022.623.523.023.524.826.627.9

31.541.449.954.8

37.439.942.745.6

47.449.050.952.3

54.154.853.956.2

5.82.03.8

4.04.44.34.44.64.65.66.37.07.2

8.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.221.922.4

22 222.624.126.529.129.936.539.645.350.8

56.862.866.470.5

59.661.964.565.3

65.665.666.467.9

68.869.370.972.9

6.95.55.4

5.35.35.25.15.25.96.67.68.18.7

9.710.511.212.513.714.916.718.820.322.5

25.026.429.032.235.639.744.448.353.461.1

69.474.880.993.9

112.4123.2132.5152.8179.4218.7

266.0341.3366.2366.3

308.7329.8361.9364.7

364.9371.9364.8363.1

357.2357.1369.9381.0

1.52.13.0

3.13.13.13.03.66.2

11.311.711.312.5

15.212.613.114.116.217.518.721.625.927.0

28.932.833.835.837.440.444.752.659.866.7

80.194.4

104.7119.5141.2178.3194.3207.9223.8250.3

297.6337.2374.5403.5

324.4327.7345.9350.7

354.6364.2380.4399.0

398.5405.3402.6407.5

0.0

.0

.1

.1

.2

.2

.3

.4

.5

.6

.7

1.01.92.23.03.64.95.77.38.5

10.2

11.112.614.315.216.018.120.825.530.232.9

38.544.549.660.470.181.492.9

104.9116.2131.8

154.2182.0204.5222.8

171.0173.4190.5192.8

195.0197.3209.3216.5

217.4221.1223.8229.0

0.4

.5

!4.1.1.4

1.1.8.9

1.9

1.5.9

1.11.02.21.51.51.94.12.8

3.04.33.13.02.72.31.92.22.12.2

4.05.85.74.46.8

17.615.812.79.79.8

16.115.624.825.5

16.115.014.416.8

19.023.224.932.2

29.030.022.620.6

0.6

.5

'.5

LO3.07.07.05.95.3

7.74.64.34.14.24.44.44.54.74.6

4.65.04.74.84.74.94.95.65.96.7

7.78.89.7

10.411,814.514.413.813.914.4

15.016.116.416.7

16.015.916.016.4

16.416.216.316.6

16.916.616.616.5

0.1

.3

'.3.4.4.5

7.7.9

1.01.11.21.41.51.71.92.22.52.8

3.13.43.74.24.75.26.16.97.68.7

10.211.813.816.019.0

29!032.736.943.049.354.258.5

47.449.249.850.9

51.554.555.155.8

56.658.359.359.7

1.01.11.31.41.51.71.92.32.83.5

4.86.26.97.27.99.2

10.110.610.711.0

12.413.513.414.3

13.313.513.613.5

13.313.413.313.5

14.114.414.314.5

0.81.41.7

1.71.81.81.82.02.02.1

2.52.93.3

3.53.63.84.14.14.34.54.95.35.8

6.26.46.77.37.88.39.2

10.211.112.5

15.017.419.021.125.632.835.136.940.746.3

56.960.861.265.6

60.660.661.660.3

59.459.761.664.3

64.564.966.067.1

1.21.82.22.32.02.12.22.2

2.93.43.84.04.65.25.86.76.97.9

9.39.7

10.311.812.613.317.820.622.926.2

27.930.734.542.647.950.455.561.169.881.1

88.7104.6112.0119.5

102.2103.6105.6106.8

110.7111.7112.7112.9

116.5118.6120.5122.5

159.9171.9188.2190.4

210.2235.4253.1271.3

- 273.9295.5318.0336.6344.4369.8

386.7401.6427.1449.7483.7522.6568.9611.9672.1733.9

790.0846.5925.3

1,023.71,131.81,229.11,359.31,506.51,689.71,899.3

2,119.52,377.02,527.62,691.2

2,285.82,337.92,427.92,456.6

2,471.32,516.82,546.02,576.5

2,606.12,663.32,716.62,779.0

2 Personal income exclusive of farm proprietors' income, farm wages, farm other labor income, and farm net interest.Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is

based on the 1972 Standard Industrial Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-25.—Disposition of personal income, 1929-83


Year or quarter Personalincome

Less:Personaltax andnontax

payments

Equals:Dispos-

ablepersonalincome

Less: Personal outlays

Total

Personalcon-

sumptionexpendi-

tures

Interestpaid by

consum-ers tobusi-ness

Per-sonal

transferpay-

mentsto

for-eigners

(net)

Equals:Personalsaving

Percent of disposablepersonal income

Personal outlays

Total

Personalconsump-

tionexpend-

itures

1929...1933...1939...

1940...1941...1942...1943...1944...1945...1946...1947...1948...1949..

1950 .1951 .1952..1953..1954..1955.1956..1957 .1958.1959

1960196119621963....1964....1965....19G6196719681969

197019711972197319741975197619771978 :::::;1979

1980198119821983 *

1981:I

1982:III ....

1983:I

IV P....

85.047.072.4

77.995.4122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1,065.21,168.61,265.01,391.21,540.41,732.71,951.2

2,165.32,435.02,578.62,741.9

2,338.32,394.22,490.92,516.6

2,528.12,563.22,591.32,632.0

2,657.72,713.62,761.92,834.2

2.61.42.4

2.63.35.917.818.920.818.721.421.018.5

20.628.934.035.532.535.439.742.442.146.0

50.452.156.860.358.664.974.582.197.2115.7

115.8116.7141.0150.7170.2168.9196.8226.4258.7301.0

336.5387.4402.1406.3

370.7383.8398.9396.1

400.2404.2399.8404.1

401.8412.6400.1410.6

82.445.670.0

75.392.2

116.6133.0145.6149.1158.9168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4

352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9

695.3751.8810.3914.5998.3

1,096.11,194.41,314.01,474.01,650.2

1,828.92,047.62,176.52,335.6

1,967.62,010.42,092.02,120.5

2,127.92,159.02,191.52,227.8

2,255.92,301.02,361.72,423.6

79.146.567.8

72.081.889.4

100.1109.0120.4145.2163.5176.9180.4

194.7210.0220.4233.7240.1258.5271.6286.4295.4317.3

332.3342.7363.5384.0411.0442.1477.7503.6551.5598.3

639.5691.1757.7835.5913.2

1,001.81,111.91,236.01,384.6

•1,553.5

1,718.71,912.42,051.12,222.5

1,855.31,890.21,942.31,961.5

1,997.02,031.92,068.42,107.0

2,134.22,209.52,245.92,300.1

77.345.867.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,668.11,857.21,991.92,158.6

1,802.81,835.81,886.11,904.1

1,938.91,972.82,008.82,046,9

2,073.02,147.02,181,12,233.1

.9

.7

.5

!5

LO1.41.7

2.32.52.93.63.84.45.15.55.66.1

7.07.37.88.89.9

11.112.012.513.815.6

16.717.719.522.324.124.426.730.737.445.5

49.654.358.162.7

51.753.555.356.5

57.057.858.559.1

60.261.463.665.8

0.3.2.2

.2

.2

.1

.2

.4

.5

.7

.7

.7

.5

.4

.4

.4

.5

.5

.4

.5

.5

.4

.4

.4

.4

.5

.6

.6

.7

.7

.9

.8

.9

1.11.11.11.31.0.9.9.9

3.3- 0 . 9

2.2

3.410.327.232.936.628.713.75.2

11.17.5

11.916.117.418.517.016.421.322.323.621.1

19.723.023.321.929.633.736.044.341.940.6

55.860.752.679.085.194.382.578.089.496.7

110.2135.3125.4113.1

112.2120.2149.7159.0

130.8127.1123.0120.8

121.791.5

115.8123.5

96.0102.096.9

35.588.876.775.374.880.891.496.994.196.0

94.292.992.792.793.494.092.792.892.693.8

94.493.794.094.693.392.993.091.992.993.6

92.091.993.591.491.591.493.194.193.994.1

94.093.494.295.2

94.394.092.892.5

93.994.194.494.6

94.696.095.194.9

93.8100.595.6

94.287.676.074.774.380.190.595.993.094.8

92.991.691.391.191.792.390.890.990.791.8

92.391.691.892.390.990.590.589.590.591.1

89.489.491.088.889.089.190.891.791.391.3

91.290.791.592.4

91.691.390.289.8

91.191.491.791.9

91.993.392.492.1



TABLE B-24.—Total and per capita disposable personal income and personal consumption expenditures in

current and 1972 dollars, 1929-83

[Quarterly data at seasonally adjusted annual rates, except as noted]

Year or quarter

Disposable personal income

Total (billions ofdollars)

Currentdollars

1S72dollars

Per capita(dollars)

Currentdollars

1972dollars

Personal consumption expenditures

Total (billions ofdollars)

Currentdollars

1972dollars

Per capita(dollars)

Currentdollars

1972dollars

Popula-tion

(thou-sands) 1

82.445.670.0

75.392.2

116.6133.0145.6149.1158.9168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4

352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9

1,828.92,047.62,176.52,335.6

1,967.62,010.42,092.02,120.5

2t127.92,159.02,191.52,227.8

2,255.92,301.02,361.72,423.6

229.5169.6229.8

244.0277.9317.5332.1343.6338.1332.7318.8335.8336.8

362.8372.6383.2399.1403.2426.8446.2455.5460.7479.7

489.7503.8524.9542.3580.8616.3646.8673.5701.3722.5

751.6779.2810.3864.7857.5874.9906.8942.9988.8

1,015.7

1,021.61,054.71,060.21,094.3

1,040.71,045.61,068.11,064.3

1,055.11,060.21,059.31,066.1

1,073.81,083.01,100.11,120.3

676363534

570691865973

1,0521,0661,1241,1701,2821,259

1,3621,4651,5151,5811,5831,6641,7411,8021,8321,911

1,9471,9912,0732,1442,2962,4482,6132,7572,9563,152

3,3903,6203,8604,3154,6675,0755,4775,9656,6217,331

8,0328,9069,3779,968

8,5888,7579,0889,188

9,1999,3159,4309,562

9,6619,834

10,06910,307

1,88313491,754

1,8472,0832,3542,4292,4832,4162,3532,2122,2902,257

2,3922,4152,4412,5012,4832,5822,6532,6602,6452,709

2,7092,7422,8132,8653,0263,1713,2903,3893,4933,564

3,6653,7523,8604,0804,0094,0514,1584,2804,4414,512

4,4874,5874,5674,671

4,5434,5544,6404,612

4,5624,5744,5584,576

4,5994,6294,6904,764

77.345.867.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,668.11,857.21,991.92,158.6

1,802.81,835.81,886.11,904.1

1,938.91,972.82,008.82,046.9

2,073.02,147.02,181.12,233.1

215.1170.5219.8

229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3

337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4

452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9

672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6

931.8956.8970.2

1,011.4

953.6954.7962.9955.7

961.4968.8971.0979.6

986.71,010.61,016.01,032.2

634364511

537605657727781854

1,0171,1221,1921,194

1,2661,3421,3831,4391,4521,53515811,6371,6621,755

1,7971,8231,9041,9792,0872,2142,3662,4672,6742,870

3,0313,2373,5113,8314,1524,5214,9725,4686,0486,695

7,3268,0788,5819,213

7,8697,9968,1948,250

8,3828,5118,6448,785

8,8789,1769,2999,497

1,7651,3561,678

1,7401,8261,7881,8151,8441,9362,1292,1222,1292,140

2,2242,2142,2302,2772,2782,3842,4102,4162,4002,487

2,5012,5112,5832,6442,7512,8682,9793,0323,1603,245

3,2773,3553,5113,6233,5663,6093,7743,9244,0574,121

4,0934,1614,1804,317

4,1624,1594,1834,141

4,1564,1794,1794,204

4,2264,3194,3324,390

121,878125,690131,028

132,122133,402134,860136,739138,397139,928141,389144,126146,631149,188

151,684154,287156,954159,565162,391165,275168,221171,274174,141177,073

180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736

205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106

227,694229,916232,118234,297

229,097229,580230,187230,797

231,304231,790232,387232,990

233,501233,984234,564235,138

1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data are forJuly 1 through 1958 and are averages of quarterly data beginning 1960. Quarterly data are averages for the period. Data beginning1970 reflect results of the 1980 census of population.

. Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).


TABLE B-25.—Gross saving and investment, 1929-83


Year orquarter

Gross saving

Total

Gross private saving

Total Personalsaving

Grossbusinesssaving*

Government surplus ordeficit ( - ) , national income

and product accounts

Total FederalStateandlocal

Capitalgrants

receivedby theUnitedStates(net ) 2

Gross investment

Total

Grossprivate

domesticinvest-ment

Netforeigninvest-ment 3

1929193319391940194119421943194419451946194719481949

1950195119521953195419551956195719581959

15.9.9

19601961196219631964196519661967196819691970197119721973197419751976197719781979

1980198119821983 »1981:

IIIIllIV

1982:I

IV....1983:

IIIIV..

8.813.518.610.75.42.45.2

35.141749.835.6

50.756.951.049.850.967.575.975.262.678.3

81.178.786.793.6104.0120.2127.3125.7136.0153.6

148.9161.6186.6235.5227.8218.9257.9309.1374.8422.7

405.9483.8405.8436.0

461.8475.8507.6490.1

434.4439.5397.9351.3

398.5420.6455.4

14.92.2

11.014.222.442.049.654.344.729.627.341.439.042.750.854.856.758.164.470.774.375.379.978.083.090.592.9

106.3119.7128.6139.9142.0143.6

158.6180.3189.2227.7234.5282.7294.4326.9374.0407.3435.4509.6521.6567.8

468.8485.2531.6552.8

514.1520.7524.9526.6

541.5535.0587.2

3.3- . 92.23.4

10.327.232.936.628.713.75.2

11.17.5

11.916.117.418.517.016.421.322.323.621.119.723.023.321.929.633.736.044.341.940.6

55.860.752.679.085.194.382.578.089.496.7

110.2135.3125.4113.1

112.2120.2149.7159.0

130.8127.1123.0120.8

121.791.5

115.8123.5

11.63.1

10.812.114.816.717.616.015.922.130.231.530.734.837.438.241.147.949.452.051.758.7

58.360.067.271.076.786.092.795.6

100.0103.0102.8119.7136.6148.7149.4188.4211.9248.9284.6310.6325.2374.3396.1454.8

356.6365.1381.9393.8

383.3393.6401.9405.8

419.8443.5471.4

1.0-1 .4-2.2- . 7

-3 .8= 31.4=44.1-51.8-39.5

5.414.48.4

-3 .48.06.1

-3 .8-6 .9- 7 . 1

3.15.2

.9-12.6-1 .6

3.1-4 .3-3 .8

.7-2 .3

.5-1 .3

-14.2-6 .0

9.9-10.6-19.4-3 .3

7.8-4.7

-63.8-36.5-17.8

.814.3

-30.7-26.9

-115.8-131.8

-8 .1-10.6-25.2-63.7

-79.7-81.2

-127.0-175.3

-142.9-114.4-131.8

1.2-1 .3-2 .2-1 .3- 5 . 1

-33.1-46.6-54.5-42.1

3.513.48.3

-2 .69.26.5

-3 .7- 7 . 1-6 .0

4.46.12.3

-10.3-1 .1

3.0-3 .9-4 .2

.3- 3 . 3

.5-1 .8

-13.2-6 .0

8.4-12.4-22.0-16.8-5 .6

-11.5-69.3-53.1-45.9-29.5-16.1-61.2-62.2

-147.1-182.9

-43.4-47.3-62.4-95.8

-108.5-113.2-158.3-208.2

-183.3-166.1-187.3

- 0 . 2

~'.Q

.61.31.82.52.72.61.91.0.1

- 7-1 .2

- . 4- . 0

.1-1 .1- 1 . 3

- . 9-1 .4-2 .4

~A.5

~!o- i l l

.11.51.92.6

13.513.46.85.5

16.628.030.330.430.635.331.351.0

35.336737.332.0

28.832.031.332.9

40.451.755.5

0.9.7.7.0

«-2.0.0.0.0.0

1.11.21.1.0.0

1.11.11.11.1

.0

.0

.0

.0

.0

.0

.0

.0

17.01.6

10.314.719.29.83.75.29.3

35.643.248.336.252.060.152.752.152.968.873.874.062.877.078778.688.895.3

104.2119.01287125.4133.91497

147.41657189.9236.3231.5224.4263.0310.4372.3421.2408.2478.9406.2436.1

466.8471.6495.54817

427.7441.3400.5355.5

397.4417.1457.9472.0

16.21.49.3

13.117.99.95.87.2

10.630.734.045.935.353.859.252.153.352.768.471.069.261.978.175.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.82287206.1257.9324.1386.6423.0

401.9474.9414.5471.3

455.5472.1495.8476.2

422.9432.5425.3377.4

404.1450.1501.1529.8

0.8.2

1.01.51.3

- . 1- 2 . 1-2 .0-1 .3

4.99.32.4.9

-1 .8.9.6

-1 .3

A2.84.8

.9-1 .2

2.83.83.44.46.85.43.02.6

.6

.43.2

- 7- 5 . 1

6.52.9

18.35.1

-13.6-14.3

-1 .88.34.0

-8 .3-35.2

11.3- . 5- . 35.5

4.887

-24.8-21.9

-6 .7-33.0-43.2-57.8

1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporate capitalconsumption allowances with capital consumption adjustment, and private wage accruals less disbursements.

2 Allocations of special drawing rights (SDRs), except as noted in footnote 4.9 Net exports of goods and services less net transfers to foreigners and interest paid by government to foreigners plus capital grants

received by the United States, net.4 In February 1974, the U.S. Government paid to India $2,010 million in rupees under provisions of the Agricultural Trade

Development and Assistance Act. This transaction is being treated as capital grants paid to foreigners, i.e., a - $ 2 . 0 billion entry incapital grants received by the United States, net.



TABLE B-26.—Saving by individuals, 1946-83 *


Year orquarter Total

Increase in financial assets

Total

Check-able

depos-its

andcur-

rency

Timeandsav-ingsde-

posits

Moneymarket

fundshares

Govern-ment

securi-ties2

Securities

Corpo-rateequi-ties3

Othersecuri-ties4

Insur-anceand

pensionre-

serves5

Otherfinan-

cialas-

sets6

Owner-occu-pied

homes

Net investment i n 1

Con-sumerdura-bles

Non-cor-

poratebusi-nessas-

sets8

Less: Net increase indebt

Mort-gagedebton

non-farm

homes

Con-sumercredit

Otherdebt 8 9

1946194719481949

24.620.124.320.9

18.813.29.19.9

5.6.1

- 2 . 9- 2 . 0

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

1981:I

IV

1982:IIIIllIV

1983:

ii"Z

30.634.731.332.528.2

34.137.236.534.138.0

36.735.942.046756.8

65.072.877.080.571.5

86.495.6

109.3132.0128.3

153.0165.1169.5196.0202.9

236.1286.7306.9

222 2259.8320.8344.0

287.0272.5334.7333.1

320.7255.6292.5

13.719.123.222.822.2

28.030.228.631.637.4

32.135.440.146.655.7

58.857.969.875.665.2

81.5102.1131.5148.5147.3

174.3210.5235.4275.3293.6

323.1354.2365.2

294.0356.4379.8386.3

316.2347.1389.6409.9

414.6405.4439.:

1.61.02.2

1.21.8

- . 43.81.0

1.0- . 9

- 1 . 24.25.3

7.62.49.9

11.1- 2 . 5

8.912.213.914.17.4

6.915.720.122.522.0

3.825.823.0

42.76.25.5

25.9.7

19.945.2

75.450.817.1

7.88.19.1

8.69.4

11.913.911.0

12.018.326.126.226.1

27.819.035.331.1

9.1

43.667.774.463.655.7

83.4107.5107.5100.378.5

125.666.3

120.5

21.092.688.962.7

113.397.987.0

183.3

272.8163.2218.0

2.4

1.3- . 0

.26.9

34.4

29.2107.524.7

148.459.9

137.384.3

38.240.588.1

-68.1

-105 .2- 6 2 . 7

- 6 . 5

- 1 . 51.61.31.8

- . 1- . 62.52.51.0

5.83.92.3

- 2 . 510.1

2.21.41.3.6

4.8

3.711.3

- 1 . 25.2

25.9

-5 .4-12.2

2.724.228.3

25.011.718.233.656.0

39.558.159.7

3.089.773.066.7

54.064.137.881.8

22.196.850.0

.3- 2 . 1- 2 . 6

- 2 . 1- . 7

- 4 . 7- 7 . 5- 2 . 8

- 1 . 7- 5 . 5- 5 . 1- 5 . 8- . 6

- 3 . 8-4 .6- 3 . 5- 5 . 1

-15.2

.0-31 .6

3.5

-17.9-28.6-55.8-24.3

-8 .612.2

10.0

7.628.67.9

- 0 . 9- . 8

.0

- . 7.3.0

.81.21.01.1

2.4.1.1

1.4. .4

1.32.45.27.9

10.0

6.96.54.9

11.16.8

4.48.66.5

13.613.9

-2 .6- 7 . 3

-17.6

-14.4-5 .9

- 2 0 . :11.8

-33.9-29.4

-16.4-27.3

3.2

5.35.45.35.6

6.96.37.77.97.8

8.59.59.5

10.411.9

11.512.112.713.916.1

16.919.218.619.821.5

23.927.429.433.036.2

43.552.467.473.868.2

89.6101.8120.4

76.7103.5117.7109.4

104.3120.5119.6137.2

145.9140.6139.8

2.82.42.21.6

1.91.92.02.12.1

2.12.52.83.53.3

3.64.33.22.93.2

3.74.46.78.14.0

5.45.8

11.48.3

11.1

13.619.218.929.635.8

37.933.630.9

34.639.133.727.0

22.940.637.027.6

15.49.7

3.66.79.18.4

11.811.711.312.312.7

16.715.613.212.316.3

14.812.713.514.315.0

13.511.715.716.3

13.620.728.031.025.2

23.536.153.265.771.8

52.648.326.1

53.052.247.940.2

28.328.524.227.4

32.545.656.8

6.19.09.8

10.6

14.811.38.6

10.17.1

12.28.57.73.67.3

7.04.38.5

11.815.0

20.223.121.127.026.3

20.026.634.640.428.4

26.540.049.656.752.5

32.839.735.3

45.838.445.229.4

35.536.933.135.5

36.450.651.5

2.31.86.91.8

6.84.52.31.01.9

2.91.22.72.65.0

3.64.77.59.89.2

13.310.810.210.012.7

11.517.520.626.610.6

5.83.3

14.;23.322.4

3.42?J21.530.126.621.0

11.75.62.3

8.24.8

- 4 . 7

3.64.74.64.4

6.76.66.27.68.7

12.211.28.99.5

12.8

11.712.214.116.217.5

17.013.812.516.918.6

14.126.241.446.538.0

40.661.490.8

111.5121.2

98.378.855.8

97.271.857.6

64.947.655.057.7

89.1106.3127.8

3,13.73.23.2

4.81.65.34.21.5

7.23.92.9

.58.0

4.42.56.38.99.8

10.66.55.7

11.510.8

5.414.719.824.3

9.9

9.625.440.248.845.4

4.924.118.3

26.331.532.36.3

2.635.911.123.6

28.149.549.1

- 0 . 42.22.82.2

5.03.72.71.95.5

6.43.23.86.07.2

4.96.57.2

10.710.8

14.312.217.619.219.4

20.730.344.243.835.4

26.937.951.964.770.8

72.677.453.5

77.488.674.569.0

33.768.151.760.7

53.895.173.4

1 Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.2 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and sponsored agency securities,

mortgage pool securities, and State and local obligations.3 Includes mutual fund shares.* Corporate and foreign bonds and open market paper.5 Private life insurance reserves, private insured and nonjnsured pension reserves, and government insurance and pension reserves.6 Consists of security credit, mortgages, accident and health insurance reserves, and nonlife insurance claims for households and of

consumer credit, equity in sponsored agencies, and nontife insurance claims for noncorporate business.7 Purchases of physical assets less depreciation.8 Includes data for corporate farms.9 Other debt consists of security credit, policy loans, and noncorporate business debt.

Source: Board of Governors of the Federal Reserve System.


TABLE B-27.—Number and median income (in 1982 dollars) of families and persons, and poverty status,

by race, selected years, 1947-82

Year

Families l

Num-ber

(mil-lions)

Medianincome

Below poverty levelTotal

Num-ber

(mil-lions)

Rate

Femalehouseholder

Num-ber

(mil-lions)

Rate

Persons. below

poverty level

Num-ber

(mil-lions)

Rate

Median income of persons 14 years oldand nup.r with income 2

Males

Altpersons

Year-round

full-timeworkers

Females

Allper-sons

Year-roundfull-time

work-ers

ALL RACES

1947

1950

195519601961196219631964

19651966 319671968196919701971197219731974 3

19751976197719781979 *

198019811982

WHITE

19701971197219731974 3

19751976197719781979 4

198019811982

BLACK

19701971197219731974 3

19751976197719781979 *

198019811982

37.2

39.9

42.945.546.447.147.548.0

48.549.250.150.851.6

52.253.354.455.155.7

56.256.757.257.859.6

60.361.061.4

46.547.648.548.949.4

49.950.150.550.952.2

52.753.353.4

4.95.25.35.45.5

5.65.85.85.96.2

6.36.46.5

$13,098

13,308

15,92618,31718,50419,00519,70120,442

21,28322,40222,93423,94924,837

24,52824,51325,64826,17525,254

24,60425,36325,50026,09926,047

24,62623,76123,433

25,44525,43526,64727,35726,244

25,58926,34526,66427,17627,180

25,65824,95924,603

15,60815,34915,83715,78915,671

15,74415,67115,23216,09615,391

14,84614,07913,598

8.28.48.17.67.2

6.75.85.75.05.0

5.35.35.14.84.95.55.35.35.35.5

6.26.97.5

3.73.83.43.23.4

3.83.63.53.53.64.24.75.1

1.51.51.51.51.51.51.61.61.61.71.82.02.2

18.118.117.215.915.0

13.911.811.410.09.7

10.110.09.38.88.8

9.79.49.39.19.210.311.212.2

8.07.97.16.66.87.77.17.06.96.98.08.89.6

29.528.829.028.126.927.127.928.227.527.828.930.833.0

2.02.02.02.01.8

1.91.71.81.81.8

2.02.12.22.22.32.42.52.62.72.63.03.33.4

.8

.91.01.01.01.01.11.21.21.21.31.41.5

42.442.142.940.436.4

38.433.133.332.332.7

32.533.932.732.232.132.533.031.731.430.432.734.636.3

25.026.524.324.524.8

25.925.224.023.522.325.727.427.9

54.353.553.352.752.250.152.251.050.649.449.452.956.2

39.939.638.636.436.1

33.228.527.825.424.125.425.624.523.023.4

25.925.024.724.526.129.331.834.4

17.517.816.215.115.7

17.816.716.416.317.219.721.623.5

7.57.47.77.47.27.57.67.77.68.18.69.29.7

22.221.921.019.519.0

17.314.714.212.812.1

12.612.511.911.111.212.311.811.611.411.7

13.014.015.0

9.99.99.08.48.6

9.79.18.98.719.010.211.112.0

33.532.533.331.430.331.331.131.330.631.032.534.235.6

$9,63510,30412,10413,29913,51713,95114,22114,460

15,36715,78116,05416,59116,927

16,58016,45217,18917,49816,54315,877.15,98316,12416,17915,664

14,67814,29913,950

17,42817,24818,02918,36017,33016,67916,84916,88916,94516,36315,61215,17214,748

10,33410,28610,92011,10610,7389,97110,14510,02210,15110,299

9,3829,0228,838

$15,28917,71218,27118,59219,13819,554

20,18520,68721,07221,68022,823

22,83022,95424,31424,90923,80523,19623,49924,00423,76423,244

22,45921,96121,655

23,48323,60025,19125,63024,26923,73224,20024,49524,20523,915

23,10022,47622,232

15,99616,13817,01117,27417,38717,66117,33216,88718,53917,38216,25315,90315,790

$4,394

3,821

4,0374,1114,1284,2834,3264,509

4,6534,8735,2075,6025,613

5,5615,7395,9976,0736,033

6,0716,0636,2776,0195,787

5,7635,7935,887

5,6335,8346,0366,1326,101

6,1346,1146,3736,0915,842

5,7955,8575,967

5,1285,1125,6395,5345,508

5,5725,7625,5035,4355,350

5,3655,2045,263

$9,86010,74110,78111,03211,21111,546

11,67511,97412,13612,67413,368

13,52313,58713,96614,09214,042

13,84314,09414,03914,26414,004

13,57813,22113,663

13,76113,74514,24014,33114,161

13,87614,20214,12814,39914,127

13,70913,44113,847

11,27612,13612,18212,15313,069

13,25713,27813,20513,34513,016

12,78612,13912,376

^ h e term "family" refers to a group of two or more persons related by blood, marriage, or adoption and residing together; all suchpersons are considered members of the same family. Beginning 1979 based on householder concept and restricted To primary families,

beginning 1979, data are for persons 15 years and over.3 Based on revised methodology; comparable with succeeding years.4 Based on 1980 census population controls; comparable with succeeding years.

Note.—The poverty level is based on the poverty index adopted by a Federal interagency committee in 1969. That index reflecteddifferent consumption requirements for families based on size and composition, sex and age of family householder, and farm-nonfarmresidence. Minor revisions implemented in 1981 eliminated variations in the poverty thresholds based on two of these variables, farm-nonfarm residence and sex of householder. The poverty thresholds are updated every year to reflect changes in the consumer priceindex. For further details see "Current Population Reports," Series P-60, No. 138.

Source: Department of Commerce, Bureau of the Census.


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

T A B L E B-28.—Population by age groups, 1929-83[Thousands of persons]

July 1 TotalAge (years)

Under 5 5-15 16-19 20-24 25-44 45-64 65 andover

1929

1933

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983

121,767

125,579

130,880

132.1221331402134,860136,739138,397

139,928141,389144,126146,631149,188

152,271154,878157,553160,184163,026

165,931168,903171,984174,882177,830

180,671183,691186,538189,242191,889

194,303196,560198,712200,706202,677

205,052207,661209,896211,909213,854

215,973218,035220,239222,585225,055

227,704229,849232,057234,249

11,734

10,612

10,418

10,57910,85011,30112,01612,524

12,97913,24414,40614,91915,607

16,41017,33317,31217,63818,057

18,56619,00319,49419,88720,175

20,34120,52220,46920,34220,165

19,82419,20818,56317,91317,376

17,16617,24417,10116,85116,487

16,12115,61715,56415,73516,063

16,45716,94317,372

26,800

26,897

25,179

24,81124,51624,23124,09323,949

23,90724,10324,46825,20925,852

26,72127,27928,89430,22731,480

32,68233,99435,27236,44537,368

38,49439,76541,20541,62642,297

42,93843,70244,24444,62244,840

44,81644,59144,20343,58242,989

42,50842,09941,29840,42839,552

38,82038,04637,620

9,127

9,302

9,822

9,8959,8409,7309,6079,561

9,3619,1199,0978,9528,788

8,5428,4468,4148,4608,637

8,7448,9169,1959,54310,215

10,68311,02511,18012,00712,736

13,51614,31114,20014,45214,800

15,28915,68816,03916,44616,769

17,01717,19417,27617,28817,242

17,13616,68216,205

10,694

11,152

11,519

11,69011,80711,95512,06412,062

12,03612,00411,81411,79411,700

11,68011,55211,35011,06210,832

10,71410,61610,60310,75610,969

11,13411,48311,95912,71413,269

13,74614,05015,24815,78616,480

17,20218,15918,15318,52118,975

19,52719,98620,49920,94621,297

21,61221,94621,935

35,862

37,319

39,354

39,86840,38340,86141,42042,016

42,52143,02743,65744,28844,916

45,67246,10346,49546,78647,001

47,19447,37947,44047,33747,192

47,14047,08447,01346,99446,958

46,91247,00147,19447,72148,064

48,47348,93650,48251,74953,051

54,30255,85257,56159,40061,379

63,47465,49667,625

21,076

22,933

25,823

26,24926,71827,19627,67128,138

28,63029,06429,49829,93130,405

30,84931,36231,88432,39432,942

33,50634,05734,59135,10935,663

36,20336,72237,25537,78238,338

38,91639,53440,19340,84641,437

41,99942,48242,89843,23543,522

43,80144,00844,15044,28644,390

44,49344,47644,474

6,474

7,363

8,764

9,0319,2889,5849,86710,147

10,49410,82811,18511,53811,921

12,39712,80313,20313,61714,076

14,52514,93815,38815,80616,248

16,67517,08917,45717,77818,127

18,45118,75519,07119,36519,680

20,10720,56121,02021,52522,061

22,69623,27823,89224,50225,134

25,71426,26026,824

Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.


253


TABLE B-29-—Population and the labor force, 1929-83

[Monthly data seasonally adjusted, except as noted]

Period

Civiliannoninsti-tutionalpopula-tion1

Resi-dent

ArmedForces *

Laborforce

includ-ing

resi-dent

ArmedForces

Employ-ment

includingresidentArmedForces

Civilian labor force

Total

Employment

Total Agri-cultural

Nonagri-cultural

Unemploy-ment

Unemploy-ment rate

Allwork-

Civil-ian

work-ers

Labor forceparticipation

rate

Total3

1929...

1933...

1939...

19401941194219431944

194519461947

194719481949

1950195119521953 *..1954

19551956....195719581959

I960'..19611962 ̂..19631964

19651966196719681969....

197019711972 5..1973«..1974

1975197619771978»..1979

1980198119821983

Thousands of persons 14 years of age and over Percent

99,84099,90098,64094,64093,220

94,090103,070106,018

101,827103,068103,994

104,995104,621105,231107,056108,321

109,683110,954112,265113,727115,329

117,245118,771120,153122,416124,485

126,513128,058129,874132,028134,335

137,085140,216144,126147,096150,120

153,153156,150159,033161,910164,863

167,745170,130172,271174,215

49,180 47,630 10,450

51,590

55,230

55,64055,91056,41055,54054,630

53,86057,52060,168

38,760

45,750

47,52050,35053,75054,47053,960

52,82055,25057,812

10,090

9,610

9,5409,1009,2509,0808,950

8,5808,3208,256

37,180

28,670

36,140

37,98041,25044,50045,39045,010

44,24046,93049,557

Thousands of persons 16 years of age and over

1,1692,1432,3862,2312,142

2,0641.9G51,9481,8471,788

1,8611,9002,0612,0062,018

1,9462,1222,2182,2532,238

2,1181,9731,8131,7741,721

1,6781,6681,6561,6311,597

1,6041,6451,6681,676

63,37764,16064,52465,24665,785

67,08768,51768,87769,48670,157

71,48972,35972,67573,83975,109

76,40177,89279,56580,99082,972

84,88986,35588,84791,20393,670

95,45397,826100,665103,882106,559

108,544110,315111,872113,226

60,08762,10462,63663,41062,251

64,23465,76466,01964,88366,418

67,63967,64668,76369,76871,323

73,03475,01776,59078,17380,140

80,79681,34083,96686,83888,515

87,52490,42093,67397,679100,421

100,907102,042101,194102,510

59,35060,62161,286

62,20862,01762,13863,01563,643

65,02366,55266,92967,63968,369

69,62870,45970,61471,83373,091

74,45575,77077,34778,73780,734

82,77184,38287,03489,42991,949

93,77596,15899,009102,251104,962

106,940108,6/0110,204111,550

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275,92077,902

78,67879,36782,15385,06486,794

85,84688,75292,01796,04898,824

99,303100,39799,526

100,834

7,8907,6297,658

7,1606,7266,5006,2606,205

6,4506,2835,9475,5865,565

5,4585,2004,9444,6874,523

4,3613,9793,8443,8173,606

3,4633,3943,4843,4703,515

3,4083,3313,2833,3873,347

3,3643,3683,4013,383

49,14850,71449,993

51,75853,23553,74954,91953,904

55,72257,51458,12357,45059,065

60,31860,54661,75963,07664,782

66,72668,91570,52772,10374,296

75,21575,97278,66981,59483,279

82,43885,42188,73492,66195,477

95,93897,03096,12597,450

1,550

12,830

9,480

8,1205,5602,6601,070

670

1,0402,2702,356

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,273

10,67810,717

5.23.22.92.85.4

4.34.04.26.65.3

5.46.55.45.55.0

4.43.73.73.53.4

4.85.85.54.85.5

8.37.66.96.05.8

7.07.59.59.5

3.2

24.9

17.2

14.69.94.71.91.2

1.93.93.9

3.93.35.9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55.75.2

4.53.83.83.63.5

4.95.95.64.95.6

8.57.77.16.15.8

7.17.69.79.6

59.760.160.059.759.6

60.060.760.360.159.9

60.060.059.559.359.4

59.559.860.260.360.8

61.060.760.961.361.7

61.662.062.663.564.0

64.164.264.364.4


254


TABLE B-29.—Population and the labor force, 1929-83—Continued

[Monthly data seasonally adjusted, except as noted]

Period

Civiliannoninsti-tutionalpopula-tion1

Resi-dent

ArmedForces *

Laborforce

includ-ing

resi-dent

ArmedForces

Employ-ment

includingresidentArmedForces

Civilian labor force

Total

Employment

Total culturalNonagri-cuttural

Unemploy-ment

Unemploy-ment rate

Allwork-ers2

Civil-ian

work-ers

Labor forceparticipation

rate

Total2 Civil-ian4

Thousands of persons 16 years of age and over Percent

1981:JanFebMar...

May....June...

July....Aug....Sept...OctNov....Dec...

1982:JanFebMar....AprMay....June...


1983:JanFebMar...,AprMay...,June..,

July...,Aug...Sept..OctNov...,Dec...

169,104169,280169,453169,641169,829170,042

170,246170,399170,593170,809170,996171,166

171,335171,489171,667171,844172,026172,190

172,364172,511172,690172,881173,058173,199

173,354173,505173,656173,794173,953174,125

174,306174,440174,602174,779174,951175,121

1,6321,6321,6361,6331,6271,629

1,6481,6641,6611,6541,6591,665

1,6561,6641,6711,6681,6651,664

1,6741,6891,6701,6681,6601,665

1,6671,6641,6641,6711,6691,668

1,6641,6821,6951,6951,6851,688

109,657109,899110,233110,598110,834110,063

110,237110,345109,918110,631110,828110,547

110,731111,167111,335111,569112,207111,797

112,073112,162112,349112,358112,583112,538

112,344112,352112,399112,646112,619113,573

113.489113,799113,924113,561113,720113,824

101,583101,849102,245102,707102,723102,008

102,353102,302101,674101,978101,814101,250

101,338101,474101,425101,266101,844101,317

101,177101,252101,082100,814100,696100,644

100,821100,836100,980101,277101,431102,411

102,889103,166103,571103,665104,291104,629

108,025108,267108,597108,965109,207108,434

108,589108,681108,257108,977109,169108,882

109,075109,503109,664109,901110,542110,133

110,399110,473110,679110,690110,923110,873

110,677110,688110,735110,975110,950111,905

111,825112,117112,229111,866112,035112,136

99,951100,217100,609101,074101,096100,379

100,705100,638100,013100,324100,15599,585

99,68299,81099,75499,598100,17999,653

99,50399,56399,41299,14699,03698,979

99,15499,17299,31699,60699,762100,743

101,225101,484101,876101,970102,606102,941

3,4213,3553,3673,5363,3763,340

3,3053,3653,3573,3933,4103,231

3,3813,3913,3803,3753,4533,339

3,4173,3803,3663,4433,4993,429

3,4203,4153,3863,3923,3743,479

3,4993,4493,3083,2403,2573,356

96,53096,86297,24297,53897,72097,039

97,40097,27396,65696,93196,74596,354

96,30196,41996,37496,22396,72696,314

96,08696,18396,04695,70395,53795,550

95,73495,75795,93096,21496,38897,264

97,72698,03598,56898,73099,34999,585

8,0748,0507,9887,8918,1118,055

7,8848,0438,2448,6539,0149,297

9,3939,6939,91010,30310,36310,480

10,89610,91011,26711,54411,88711,894

11,52311,51611,41911,36911,18811,162

10,60010,63310,3539,8969,4299,195

7.47.37.27.17.37.3

7.27.37.57.88.18.4

8.58.78.99.29.29.4

9.79.7

10.010.310.610.6

10.310.210.210.19.99.8

9.39.39.18.78.38.1

7.57.47.47.27.47.4

7.37.47.67.98.38.5

8.68.99.09.49.49.5

9.99.9

10.210.410.710.7

10.410.410.310.210.110.0

9.59.59.28.88.48.2

64.264.364.464.664.664.1

64.164.163.864.164.264.0

64.064.264.264.364.664.3

64.464.464.464.464.464.4

64.264.164.164.264.164.6

64.564.664.664.364.464.4

63.964.064.164.264.363.8

63.863.863.563.863.863.6

63.763.963.964.064.364.0

64.164.064.164.064.164.0

63.863.863.863.963.864.3

64.264.364.364.064.064.0

1 Not seasonally adjusted.2 Unemployed as percent of labor force including resident Armed Forces.3 Labor force including resident Armed Forces as percent of noninstitutional population including resident Armed Forces.4 Civilian labor force as percent of civilian noninstitutional population.6 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census

data added about 600,000 to population and about 350,000 to labor force, total employment, and agricultural employment. Beginning1960, inclusion of Alaska and Hawaii added about 500,000 to population, about 300,000 to labor force, and about 240,000 tononagricultural employment. Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force andemployment by about 200,000. Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutionalpopulation and about 333,000 to labor force and employment. A subsequent adjustment based on 1970 census in March 1973 added60,000 to labor force and to employment. Beginning 1978, changes in sampling and estimation procedures introduced into thehousehold survey added about 250,000 to labor force and to employment. Unemployment levels and rates were not significantlyaffected.

Note.—Labor force data in Tables B-29 through B-35 are based on household interviews and relate to the calendar week includingthe 12th of the month. For definitions of terms, area samples used, historical comparability of the data, comparability with other series,etc., see "Employment and Earnings."

Source: Department of Labor, Bureau of Labor Statistics.

255


TABLE B-30.—Civilian employment and unemployment by sex and age, 1947-83

{Thousands of persons 16 years of age and over; monthly data seasonally adjusted]

Civilian employment Unemployment

Year ormonth Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Total

Males

Total 16-19years

20yearsandover

Females

Total 16=19years

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275,92077,902

78,67879,36782,15385,06486,794

85,84688,75292,01796,04898,824

99,303100,39799,526100,834

99,68299,81099,75499,598

100,17999,653

99,50399,56399,41299,14699,03698,979

99,15499,17299,31699,60699,762

100,743

101,225101,484101,876101,970102,606102,941

40,99541,72540,925

41,57841,78041,68242,43041,619

42,62143,37943,35742,42343,466

43,90443,65644,17744,65745,474

46,34046,91947,47948,11448,818

48,99049,39050,89652,34953,024

51,85753,13854,72856,47957,607

57,18657,39756,27156,787

56,67756,75856,59456,53956,81256,166

56,07356,09956,02855,91855,81855,765

55,80355,79355,89556,05956,21656,844

57,07157,06957,27957,40757,85558,043

2,2182,3442,124

2,1862,1562,1072,1361,985

2,0952,1642,1152,0122,198

2,3612,3152,3622,4062,587

2,9183,2533,1863,2553,430

3,4093,4783,7654,0394,103

3,8393,9474,1744,3364,300

4,0853,8153,3793,300

3,5613,5483,5113,4483,5573,240

3,2113,3233,2923,2983,3103,282

3,2953,2853,2223,2293,2533,352

3,3063,2653,3323,2673,3983,385

38,77639,38238,803

39,39439,62639,57840,29639,634

40,52641,21641,23940,41141,267

41,54341,34241,81542,25142,886

43,42243,66844,29444,85945,388

45,58145,91247,13048,31048,922

48,01849,19050,55552,14353,308

53,10153,58252,89153,487

53,11653,21053,08353,09153,25552,926

52,86252,77652,73652,62052,50852,483

52,50852,50852,67352,83052,96353,492

53,76553,80453,94754,14054,45754,658

16,04516,61716,723

17,34018,18118,56818,74918,490

19,55120,41920,71420,61321,164

21,87422,09022,52523,10523,831

24,74825,97626,89327,80729,084

29,68829,97631,25732,71533,769

33,98935,61537,28939,56941,217

42,11743,00043,25644,047

43,00543,05243,16043,05943,36743!487

43,43043,46443,38443,22843,21843,214

43,35143,37943,42143,54743,54643,899

44,15444,41544,59744,56344,75144,898

1,6911,6821,588

1,5171,6111,6121,5841,490

1,5471,6541,6631,5701,640

1,7681,7931,8331,8491,929

2,1182,4682,4962,5262,687

2,7352,7302,9803,2313,345

3,2633,3893,5143,7343,783

3,6253,4113,1703,043

3,1913,2023,2163,2243,2193,174

3,1613,1403,1743,1493,1363,052

3,0963,0643,0533,0162,9633,052

3,0313,1173,0472,9933,0133,055

14,35414,93615,137

15,82416,57016,95817,16417,000

18,00218,76719,05219,04319,524

20,10520,29620,69321,25721,903

22,63023,51024,39725,28126,397

26,95227,24628,27629,48430,424

30,72632,22633,77535,83637,43438,49239,59040,08641,004

39,81439,85039,94439,83540,14840,313

40,26940,32440,21040,07940,08240,162

40,25540,31540,36840,53140,58340,847

41,12341,29841,55041,57041,73841,843

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,273

10,67810,717

9,3939,6939,910

10,30310,36310,480

10,89610,91011,26711,54411,88711,894

11,52311,51611,41911,36911,18811,162

10,60010,63310,3539,8969,4299,195

1,6921,5592,572

2,2391,2211,1851,2022,344

1,8541,7111,8413,0982,420

2,4862,9972,4232,4722,205

1,9141,5511,5081,4191,403

2,2382,7892,6592,2752,714

4,4424,0363,6673,1423,120

4,2674,5776,1796,260

5,4115,4825,6745,8625,8946,119

6,2936,3366,6726,8286,9846,969

6,6836,7566,6736,7226,6046,409

6,2486,2006,0495,7595,4575,258

270256353

318191205184310

274269300416398

426479408501487

479432448426440

599693711653757

966939874813811

913962

1,0901,003

1,0371,0551,0591,0961,1071,054

1,0861,0911,1091,1181,1371,133

1,0601,0391,0781,0401,0211,057

1,0311,050984950861866

1,4221,3052,219

1,9221,029

9801,0192,035

1,5801,4421,5412,6812,022

2,0602,5182,0161,9711,718

1,4351,1201,060

993963

1,6382,0971,9481,6241,957

3,4763,0982,7942,3282,308

3,3533,6155,0895,257

4,3744,4274,6154,7664,7875,065

5,2075,2455,5635,7105,8475,836

5,6235,7175,5955,6825,5835,352

5,2175,1505,0654,8094,5964,392

619717

1,065

1,049834698632

1,188

9981,0391,0181,5041,320

1,3661,7171,4881,5981,581

1,4521,3241,4681,3971,429

1,8552,2272,2222,0892,441

3,4863,3693,3243,0613,018

3,3703,6964,4994,457

3,9824,2114,2364,4414,4694,361

4,6034,5744,5954,7164,9034,925

4,8404,7604,7464,6474,5844,753

4,3524,4334,3044,1373,9723,937

144153223

195145140123191

176209197262256

286349313383385

395405391412413

506568598583665

802780789769743

755800886825

865918831870901811

921906902902908

861827855867836916

828835792771757756

1 See footnote 5, Table B-29.Note.—See Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

256


TABLE B-31.—Unemployment by duration and reason, 1947-83

[Monthly data seasonally adjusted1]

Year or monthTotalunem-ploy-ment

Duration of unemployment

Lessthan 5weeks

5-14weeks

15-2627

weeksandover

Aver-age

(mean)dura-

tion inweeks

Mediandura-

tion inweeks

Reason for unemployment

Joblosers

Jobleavers

Reen-trants en-

trants

Thousands of persons 16years of age and over

Thousands of persons 16years of age and over

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983

1982:JanFebMar

May.;;;.;JuneJulyAugSeptOctNovDec

1983:JanFebMar

May";;;JuneJulyAugSeptOctNovDec

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,27310,67810,717

9,3939,6939,91010,30310,36310,480

10,89610,91011,26711,54411,88711,894

11,52311,51611,41911,36911,18811,162

10,60010,63310,3539,8969,4299,195

1,2101,3001,756

1,4501,1771,1351,1421,605

1,3351,4121,4081,7531,58^

1,7191,8061,6631,7511,697

1,6281,5731,6341,5941,629

2,1392,2452,2422,2242,604

2,9402,8442,9192,8652,950

3,2953,4493,8833,570

3,8823,8093,9183,9793,9123,579

3,9873,8993,9473,8813,9613,898

3,6003,7323,5353,5953,5683,630

3,5293,6333,7403,5043,3283,382

704669

1,194

1,055574516482

1,116

815805891

1,3961,114

1,1761,3761,1341,2311,117

983779893810827

1,2901,5851,4721,3141,597

2,4842,1962,1321,9231,946

2,4702,5393,3112,937

3,0883,1163,1203,2443,3123,435

3,3303,2803,5103,4583,4853,419

3,3313,1693,1733,1393,0122,950

2,8412,9512,7842,7252,6162,504

234193428

425166148132495

366301321785469

503728534535491

404287271256242

428668601483574

1,3031,018913766706

1,0521,1221,7081,652

1,2151,4801,5981,6021,6471,646

1,7691,8591,8641,9512,1312,077

1,9541,9281,8611,6911,7741,593

1,7941,5971,3831,3721,3371,284

164US256

3571378478

317

336232239667571

454804585553482

351239177156133

235519566343381

1,2031,3481,028648535

8201,1621,7762,559

1,1821,2681,3511,5001,6121,803

1,8201,8512,0432,2502,3542,583

2,6692,6852,7262,7052,7362,893

2,6042,4812,5062,2832,1902,085

8.610.0

12.19.78.48.0

11.8

13.011.310.513.914.4

12.815.S14.714.013.3

11.810.48.78.47.8

8.611.312.010.09.8

14.215.814.311.910.8

11.913.715.620.0

13.414.114.014.414.816.0

15.416.116.617.217.418.4

19.419.119.219.220.221.4

21.319.920.220.120.219.6

4.54.4

4.96.36.25.25.2

8.48.27.05.95.4

6.56.98.7

10.1

7.27.57.78.18.49.1

9.69.8

10.110.4

11.39.8

10.410.811.910.8

10.19.49.49.59.49.0

1,2291,0701,017

1,8112,3232,1081,6942,242

4,3863,6793,1662,5852,635

3,9474,2676,2686,258

5,3145,2755,6465,9095,9166,172

6,4046,3856,8907,3597,3617,114

6,8106,8646,8486,7676,7536,525

6,2356,1335,9385,6015,2265,017

438431436

550590641683760

827903909874880

891923840830

829928876904.870841

831836784787790826

826830888816808799

752799858866868855

945909965

1,2281,4721,4561,3401,463

1,8921,9281,9631,8571,806

1,9272,1022,3842,412

2,0832,2852,2852,3482,4272,389

2,4852,4122,4432,2422,5762,684

2,5572,5052,4602,4912,4042,436

2,4152,4792,3622,3222,2502,246

396407413

504630677649681

823895953885817

872981

1,1851,216

1,0771,1191,0811,0991,1551,069

1,2231,2921,2791,3001,2421,282

1,1991,1881,1821,2511,2461,412

1,2291,2141,2341,1271,1541,150

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.—See footnote 5 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

257


TABLE B-32.—Civilian labor force participation rate and civilian employment/population ratio, 1948-83

[Percent; monthly data seasonally adjusted]

Year or month

194819491950195119521953195419551956195719581959 .I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831982:

JanFebMarAprMayJuneJulyAugSeptOctNovDec

1983:JanFebMarApr/ayJuneJulyAugSeptOctNovDec

Civilian labor force participation rate1

Total

58.858.959 259.359058.958859360.059 659.559 359.459 358.858 758.758 959.259 659 660.160.460.260460.861361.261662.363 263.763.863 964 064.0

63 763.963.964 064.364.064.164.064.164.064.164.0

63.863 863 863.963.864.364 264 364.364.064.064.0

Bothsexes16-19

52.552.251852.251350.248348950.949 647.446 747.547 046.245 244.545 748.248 448 349.549.949.751953.754 854.054 556.057 857.956.755 454153.5

54 254.854.254 555.552.453.253.954.154.254.553.7

53.553153 253.052.654.753 754 453.852.853.353.7

Males20

over

88.688.588 488.488 388.087 887 687.686 986.686 386.085 784.884 484.283 983.683 483.182.882.682.181681.381080.379 879.779 879.879.479 078 778.5

78 678.778.778 879.078.878.878.678.978.878.878.6

78.278 278 278.478.478.778 778 678.678.478.478.3

Fe-males

20

over

31.832.333 334.034133.934 235436.436 536.937 037.638 037.838338.939440.141141.642.743.343.343 744.445 346.047 048.149 650.651.352152 753.1

52 252.452.652 652.953.053.053.052.852.752.953.0

53.052 952 952.952.853.253 153 353.453.253.253.2

White

58 258 759.459158.958 758.858 858.358 258.258.458.759 259.359.960.260.160460.861461.561862.563 363.964.164 364 364.3

64 064.364.264 464.664.364.464.464.564.364.464.4

64.164164 064.164.064.564 464 664.664.464.564.5

Blackand

other

64 364.364.964.464.864.364.564.163.263.063.162.963.062 862.262.161.860.960 260.560 359.659 860.462 262.261.761361662.1

61161.361.561161.761.261.661.961.762.161.962.2

61.962 062 162.262.162.762 462 362.361.561.461.5

Civilian employment/population ratio2

Total

56.655.456.157.357 357.155 556.757.557.155.456.056.155.455.555.455.756.256.957 357.558.057.456.657 057.857 856.156857.959 359.959.259.057 857.9

58 258.258.158 058.257.957.757.757.657.357.257.1

57.257 257 257.357.357.958158 258.358.358.658.8

Bothsexes16-19years

47.745.245.547.946.946.442 343.545.343.939.939.940.539.139.437.437.338.942.142 242.243.442.341.343 545.946 043.344 246.148 348.546.644.641541.5

42 342.442.342142.840.640.441.241.341.341.440.7

41.241040 740.640.541.841.542 042.141.442.542.9

Males20

yearsandover

85.883.784.286.186.285.983 584.384.683.881.282.381.980.880.980.680.981.281.581581.381.179.778.578478.677 974.875.175.676.476.574.674.071.871.4

72.672.772.472 372.571.971.771.571.471.170.970.7

70.670 570 770.870.971.571.871771.872.072.372.5

Fe-males

20yearsandover

30.730.631.632.633.032.932 333.834.935.034.635.135.735.635.836.336.937.638.639 340.041.141.240.941342.242.842.343.544.846.647.748.148.648.448.8

48.448.448.448 248.548.748.648.648.448.148.148.2

48.248 248 248.448.448.648.949 049.349.249.449.4

White

"55.256.557,356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.458.258.356.757.558.660.060.660.060.058.858.9

59.259.359.159 059.358.958.858.858.658.458.358.2

58.358 258 258.458.458.959.159 359.459.459.859.9

Blackand

other

58 05R759.5

56.757 557:95fi?56.35fi?57.057 R58.4

5R058.156.854.954155.C

51.4s?n52.5

55.253 65? 6

51.0

51 751.451.2

51.250.950.951.050.550.650.350.4

50.350 750 fi50.650.651.0

51 ?51.551.251.551.5

1 Civilian labor force as percent of civilian noninstitutional population in group specified.2 Civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over. See footnote 5 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

258


TABLE B-33.— Unemployment rate, 1948-83

[Percent; monthly data seasonally adjusted]

Year ormonth

Unemploy-ment rate,

allworkers l

Unemployment rate, all workers*

Allcivil-ian

work-ers

Males

Total16-19

years

20yearsand

Females

Total16-19

years

20yearsand

Bothsexes

16-19

years

WhiteBlackand

other

Experi-encedwageand

salaryworkers

Mar-ried

men,spousepresent

19481949

1950....1951195219531954

19551956195719581959

19601961196219631964

1965196619671968....1969

1970197119721973197419751976197719781979

198019811982....1983....

1982:Jan....Feb....Mar....

wfay".June...

July....Aug....Sept...Oct....Nov....Dec...

1983:Jan....Feb. .MarADr .May .June.

July..Aug..Sept..Oct...,Nov..,Dec...,

5.23.22.92.85.4

4.34.04.26.65.3

5.46.55.45.55.0

4.43.73.73.53.4

4.85.85.54.85.58.37.66.96.05.8

7.07.59.59.5

8.58.78.99.29.29.4

9.79.7

10.010.310.610.6

10.310.210.210.19.99.8

9.39.39.18.78.38.1

8.68.99.09.49.49.5

9.99.9

10.210.410.710.7

10.410.410.310.210.110.0

9.59.59.28.88.48.2

8.78.89.19.49.49.8

10.110.110.610.911.111.1

10.710.810.710.710.510.1

9.99.89.69.18.68.3

9.814.3

12.78.18.97.9

13.5

11.611.112.417.115.3

15.317.114.717.215.8

14.111.712.311.611.4

15.016.615.913,915.620.119.217.315.815.9

18.320.124.423.3

22.622.923.224.123.724.5

25.324.725.225.325.625.7

24.324.025.124.423.924.0

23.824.322.822.520.220.4

7.67.78.08.28.28.7

9.09.09.59.8

10.010.0

8.58.98.99.39.39.1

9.69.59.69.8

10.210.2

10.09.99.99.69.5

8.312.3

11.48.38.07.2

11.4

10.211.210.614.313.5

13.916.314.617.216.6

15.714.113.514.013.3

15.617.216.715.316.619.718.718.317.116.4

17.219.021.921.3

21.322.320.521.321.920.4

22.622.422.122.322.522.8

21.821.321.922.322.023.1

21.521.120.620.520.119.8

9.213.4

12.28.28.57.6

12.6

11.011.111.615.914.6

14.716.814.717.216.2

14.812.812.912.712.2

15.316.916.214.516.019.919.017.816.416.1

17.819.623.222.4

22.022.621.922.822.922.5

24.023.623.723.924.124.3

23.122.723.623.423.023.6

22.722.821.821.620.220.1

3.55.6

4.93.12.82.75.0

3.93.63.86.14.8

5.06.04.95.04.6

4.13.43.43.23.1

4.55.45.14.35.07.87.06.25.25.1

6.36.78.68.4

7.67.88.08.38.28.4

8.79.09.29.69.6

9.19.29.18.98.88.6

8.28.28.07.77.37.1

5.98.9

9.05.35.44.59.9

8.78.37.9

12.610.7

10.212.410.910.89.6

8.17.37.46.76.4

8.29.9

10.09.09.9

13.813.113.111.911.3

13.114.217.317.8

15.416.116.616.717.016.9

17.517.518.118.618.718.9

18.918.218.618.718.518.6

17.917.917.316.716.116.3

4.36.8

6.03.73.43.26.2

4.84.44.67.35.7

5.76.85.65.65.0

4.33.53.63.43.3

4.85.75.34.55.38.27.36.65.65.5

6.97.39.39.2

8.28.48.79.19.19.2

9.59.49.8

10.110.510.5

10.110.110.09.99.89.4

9.19.18.88.58.17.9

3.5

4.61.51.41.74.0

2.62.32.85.13.6

3.74.63.63.42.8

2.41.91.81.61.5

2.63.22.82.32.75.14.23.62.82.8

4.24.36.56.5

5.45.45.66.06.16.5

6.86.87.27.57.57.5

7.27.27.17.17.06.7

6.26.36.15.75.55.2

1 Unemployed as percent of labor force including resident Armed Forces.2 Unemployed as percent of civilian labor force in group specified.3 Data for 1949 and 1951-54 are for April; 1950, for March.

Note.—Data relate to persons 16 years of age and over. See footnote 5 and Note, Table 8-29


259


TABLE B-34.—Civilian labor force participation rate by demographic characteristic, 1954-83

[Percent;1 monthly data seasonally adjusted]

Year or month

Allcivil-ian

work-ers

White

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20

andover

Black and other

Total

Males

Total 16-19years

20yearsandover

Females

Totat 16-19years

1954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983

1982:JanFebMar

June

JulyAugSeptOctNovDec

1983:JanFebMarAprMay ,June


58.8

59.360.059.659.559.3

59.459.358.858.758.7

58.959.259.659.660.1

60.460.260.460.861.3

61.261.662.363.263.7

63.863.964.064.0

63.763.963.964.064.364.0

64.164.064.164.064.164.0

63.863.863.863.963.864.3

64.264.364.364.064.064.0

58.2

58.759.459.158.958.7

58.858.858.358.258.2

58.458.759.259.359.9

60.260.160.460.861.4

61.561.862.563.363.9

64.164.364.364.3

64.064.364.264.464.664.3

64.464.464.564.364.464.4

64.164.164.064.164.064.5

64.464.664.664.464.564.5

85.6

85.485.684.884.383.8

83.483.082.181.581.1

80.680.780.480.2

80.079.679.679.479.4

78.778.478.578.678.6

78.277.977.477.1

77.477.677.577.677.977.3

77.377.377.677.577.577.3

76.876.976.876.976.977.3

77.377.377.377.177.377.2

57.6

58.660.459.256.555.9

55.954.553.853.152.7

54.155.956.355.956.8

57.557.960.162.062.9

61.962.364.065.064.8

63.762.460.059.4

61.260.960.660.862.757.9

58.059.559.359.360.059.5

59.159.259.158.658.959,9

59.759.960.058.659.659.8

87.8

87.587.686.986.686.3

86.085.784.984.484.2

83.983.683.583.283.0

82.882.382.081.681.4

80.780.380.280.180.1

79.879.579.278.9

79.179.379.279.379.479.3

79.279.179.479.379.279.1

78.678.778.678.778.779.0

79.078.979.078.978.978.9

33.3

34.535.735.735.836.0

36.536.936.737.237.5

38.139.240.140.741.8

42.642.643.244.145.2

45.946.948.049.450.5

51.251.952.452.7

51.952.152.252.452.652.5

52.752.652.552.452.552.6

52.652.452.352.452.252.8

52.753.053.052.852.852.9

40.6

40.743.142.240.139.6

40.340.639.838.737.8

39.242.642.543.044.6

45.645.448.150.151.7

51.552.854.556.757.4

56.255.455.054.5

54.455.254.355.955.654.3

55.154.855.455.555.354.2

55.054.354.953.953.055.4

54.655.954.553.853.954.6

32.7

34.035.135.235.535.6

36.236.636.537.037.5

38.038.839.840.441.5

42.242.342.743.544.4

45.346.247.348.749.8

50.651.552.252.5

51.651.852.052.052.352.4

52.552.452.352.152.352.5

52.452.252.152.252.252.6

52.552.752.852.752.752.8

64.3

64.364.964.464.864.3

64.564.163.263.063.1

62.963.062.862.262.1

61.860.960.260.560.3

59.659.860.462.262.2

61.761.361.662.1

61.161.361.561.161.761.2

61.661.961.762.161.962.2

61.962.062.162.262.162.7

62.462.362.361.561.461.5

85.2

85.085.184.384.083.4

83.082.280.880.280.0

79.679.078.577.676.9

76.574.973.974.0735

71.971.271.672.672.5

71.570.671.071.3

70.470.670.870.871.070.6

71.071.171.171.571.471.4

70.970.670.971.771.172.7

72.371.871.570.670.870.5

61.2

60.861.558.857.355.5

57.655.853.551.549.9

51.351.451.149.749.6

47.444.746.046.347.2

42.942.343.645.444.0

43.541.740.640.9

40.142.342.039.940.736.9

38.341.741.341.840.940.6

40.438.939.539.139.345.6

42.541.942.340.241,040.0

87.1

87.887.887.087.186.7

86.285.584.283.984.1

83.783.382.982.281.4

81.480.078.678.678.0

76.876.176.277.177.1

75.975.075.475.6

74.874.775.075.475.575.6

75.875.575.575.875.875.9

75.275.175.476.275.676.6

76.776.175.574.975.174.7

46.1

46.147.347.248.047.7

48.248.348.048.148.5

48.649.349.549.349.8

49.549.248.849.349.3

49.450,451.253.553.7

53.653.653.954.4

53.553.753.853.154.053.6

54.054.353.954.354.054.5

54.554.854.954.554.754.5

54.354.454.654.053.554.0

31.0

32.736.333.231.928.2

32.932.833.132.631.7

29.533.535.234.834.6

34.131.232.334.434.1

35.633.633.638.037.8

35.934.534.533.4

34.135.734.531.434.330.7

35.736.135.835.035.035.3

33.332.031.734.833.035.6

32.734.733.533.132.933,8

1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B 29.Source: Department of Labor, Bureau of Labor Statistics.

260


TABLE B-35.—Civilian unemployment rate by demographic characteristic, 1948-83

[Percent;1 monthly data seasonally adjusted]

Year or month

Allcivil-ian

work-ers

White

Total

Males

Total 16-19years

20yearsandover

Females

Total16-19years

20

andover

Black and other

Total

Males

Total 16-19years

20yearsandover

Females

Total16-19years

19481949

19501951195219531954

1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964.

19651966..196719681969

19701971 . . . .197219731974

1975...1976...1977...1978...1979...

1980...1981...1982...1983...

1982:Jan...Feb...Mar..

June..


1983:Jan....Feb....Mar...Apr....May...June..

fczzSfczziNovDec

8.68.99.09.49.49.5

9.99.9

10.210.410.710.7

10.410.410.310.210.110.0

9.59.59.28.88.48.2

7.77.88.08.38.38.7

9.19.19.49.7

10.010.0

13.4

11.310.511.515.714.0

14.015.713.715.914.7

12.910.510.710.110.0

13.715.114.212.313.5

18.317.315.013.513.9

16.217.921.720.2

20.820.520.221.821.021.7

22.522.122.222.622.722.8

21.521.422.621.420.420.4

20.320.718.919.817.617.5

10.4

9.19.79.5

12.712.0

12.714.812.815.114.9

14.012.111.512.111.5

13.415.114.213.014.5

17.416.415.914.414.0

14.816.619.018.3

18.419.417.818.918.617.6

19.118.719.119.919.820.4

19.018.719.619.119.419.7

18.418.217.416.916.616.5

5.98.9

9.05.35.44.59.9

8.78.37.9

12.610.7

10.212.410.910.89.6

8.17.37.46.76.4

8.29.9

10.09.09.9

13.813.113.111.911.3

13.114.217.317.8

16.116.616.717.016.9

17.517.518.118.618.718.9

18.918.218.618.718.518.6

17.917.917.316.716.116.3

5.89.6

9.44.95.24.8

10.3

8.87.98.3

13.711.5

10.712.810.910.58.9

7.46.36.05.65.3

7.39.18.97.79.2

13.612.712.311.010.4

13.214.118.218.5

16.717.517.217.517.9

17.818.219.520.119.820.3

19.919.219.319.819.819.6

19.118.717.716.816.115.9

14.4

13.415.018.426.825.2

24.026.822.027.324.3

23.321.323.922.121.4

25.028.829.726.931.5

35.235.136.634.031.3

34.437.544.045.0

40.345.643.143.947.6

44.741.844.544.348.647.0

44.743.243.946.549.147.4

46.048.548.241.739.041.1

9.9

8.47.47.6

12.710.5

9.611.710.09.27.7

6.04.94.33.93.7

5.67.36.95.86.9

11.610.610.08.78.5

11.312.116.216.5

14.714.715.215.215.415.7

15.816.217.518.117.618.2

18.117.517.517.917.517.2

16.916.315.414.914.314.0

8.46.15.74.19.2

8.58.97.3

10.89.4

9.411.911.011.210.7

9.28.79.18.37.8

9.310.911.410.610.8

13.913.613.913.012.3

13.114.316.417.1

14.515.615.716.216.515.8

17.016.816.616.917.517.3

17.717.117.817.517.217.6

16.617.116.716.616.116.7

20.6

19.222.820.228.427.7

24.829.230.234.731.6

31.731.329.628.727.6

34.535.438.434.434.5

38.338.839.638.135.6

36.538.343.844.6

42.642.142.341.146.741.5

48.049.843.841.343.242.5

42.741.441.645.341.445.9

44.744.744.848.346.648.1

1 Unemployment as percent of civilian labor force in group specified.

Note.—See footnote 5 and Note, Table B-29.

Source: Department of Labor, Bureau of labor Statistics.

261


TABLE B-36.—Unemployment insurance programs, selected data, 1950-83

Year or month

All programs

Coveredemploy-ment1

Insuredunemploy-

ment{weeklyaver-

a g e ) "

Totalbenefits

paid(millions

dolfars)2 *

State programs

Insuredunem-

ploymentInitialclaims

Exhaus-tions8

Insuredunemploy-ment aspercent

ofcovered

Total(millions

ofdollars)4

Averageweeklycheck

(dollars) o

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982

1982:Jan....Feb....Mar...

May...June..

July...Aug...

S3!NovDec

1983:JanFebMar

fczJune....July...Aug...Sept..Oct....NovDec

Thousands Weekly average; thousands

34,30836,33437,00638,07236,62240,01842J5143,43644,41145,728

46,33446,26647,77648,43449,63751,58054,73956,34257,97759,999

59,52659,37566,45869,89772,45171,03773,45976,41988,80492,062

92,65993,300

« 91,628

1,6051,0001,0691,0672,0511,3991,3231,5712,7731,860

2.0712,9941,946

U.9731,7531,4501,1291,2701,1871,177

2,0702,6082,1921,7932,5584,9373,8463,3082,6452,592

3,8373,4104,590

4,6814,7234,8924,7604,3874,328

4,4954,3984,2824,3914,6355,074

5,4595,4375,1344,6423,9473,481

3,2742,9172,5802,4782,602

1,467.6862.9

1,043.51,050.62,291.61,560.21,540.61,913.04,290.62,854.3

3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.6

4,209.36,154.05,491.14,517.36,933.9

16,802.412,344.810,998.99,006.99,401.3

16,175.415,287.123,774.8

1,836.01,904.52,298.12,141.11,871.92,003.9

1,966.72,034.12,004.41,928.12,065.32,410.0

2,463.32,349.72,780.22,182.91,908.51,798.0

1,412.31,425.41,167.41,066.51,147.8

1,513969

1,044990

1,8701,2651,2151,4462,5101,684

1,9082,2901,783

* 1,8061,6051,3281,0611,2051,1111,101

1,8052,1501,8481,6322,2623,9862,9912,6552,3592,434

3,3503,0474,061

3,9413,9073,8943,8323,5863,329

3,1102,9912,8962,8482,7992,729

236208215218304226227270369277

331350302

7 298268232203226201200

296295261247363478386375346388488460533

3,5773,5823,7753,9823,9724,011

3,9884,1364,3794,6154,6354,428

563529574573579560

539617654659618546

509485493484458411

384414393403405397

616774828086

828380838792

100991021029087

4.62.82.92.85.23.53.23.66.44.4

4.85.64.44.33.83.02.32.52.22.1

3.44.13.52.73.56.04.63.93.32.9

3.93.54.6

4.14.14.34.64.54.6

4.64.75.05.35.35.1

4.54.54.54.44.13.8

3.63.53.43.33.33.2

1,373.1840.4998.2962.2

2,026.91,350.31,380.71,733.93,512.72,279.02,726.73,422.72,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.9

3,848.54,957.04,471.04,007.65,974.9

11,754.78,974.58,357.27,717.28,612.9

13,761.113,262.120,650.0

1,765.11,783.42,075.51,849.91,573.41,736.3

1,682.11,747.31,711.31,647.31,820.02,138.0

2,205.62,052.42,370.71,816.51,587.91,537.3

1,298.21,337.21,104.41,010.81,094.2

20.7621.0922.7923.5824.9325.0427.0228.1730.5830.41

32.8733.8034.5635.2735.9237.1939.7541.2543.4346.17

50.3454.0256.7659.0064.2570.2375.1678.7983.6789.67

98.95106.70119.39

114.95117.05117.44117.90118.33118.32

117.67119.22121.03122.90123.46123.55

124.29124.47125.56124.85124.49123.44

121.59121.42121.36123.06109.33

**Monthly data are seasonally adjusted.1 Includes persons under the State, UCFE (Federal employee, effective January 1955). and RRB (Railroad Retirement Board) programs.Beginning October 1958, also includes the UCX program (unemployment compensation for ex-servicemen).

3 Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952 January 1960), and SRA(Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefitprograms. Does not include FSB (Federal supplemental benefits), SUA (special unemployment assistance), and Federal SupplementalCompensation programs.

3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.5 Individuals receiving final payments in benefit year.8 For total unemployment only.7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage and

salary earners.Source: Department of Labor, Employment and Training Administration.

262


TABLE B-37.— Wage and salary workers in nonagricultural establishments, 1929-83

[Thousands of persons; monthly data seasonally adjusted]

Year ormonth

Totalwageand

salaryworkers

Manufacturing

TotalDurablegoods

Non-durablegoods

MiningConstruc-

tion

Transpor-tation

andpublic

utilities

Whole-saleand

retailtrade

Finance,insur-ance,andreal

estate

Services

Government

Federal

19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983"1982: Jan

FebMar....

May!!!!June...July....Aug....

Nov...Dec...

1983: Jan....Feb....Mar...Apr....May...June..July...Aug...Sept..Oct....Novp.Dec".

31,32423,69930,60332,36136,53940,10642,43441,86440,37441f65243,85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358,28360,76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,82390,40691,15689,596

90,39690,41790,20790,02490,01689,77589,45089,26489,23588,93888,78588,665

88,74688,81489,09089,42189,84490,15289,74890,85191,08791,41391,644

10,7027,397

10,27810,98513,19215,28017,60217,32815,52414,70315,54515,58214,44115,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21418,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,85318,67819,52819,45019,30819,16019,07818,91818,80218,66618,55518,35818,22218,19318,24418,24518,26718,37618,49318,58218,73318,79318,87119,06419,18219,271

4,7155,3636,9688,823

11,08410,8569,0747,7428,3858,3267,4898,0949,0899,349

10,1109,1299,5419,8339,8558,8299,3739,4599,0709,4809,6169,816

10,40511,28211,43911,62611,89511,20810,63611,04911,89111,92510,63811,07711,59712,27412,76012,18712,10911,10010,93111,62511,56111,46911,35011,28911,16911,09510,96110,86210,68510,57710,55910,59410,60810,61710,68910,78810,84410,96111,02211,08111,23511,32611,394

5,5645,6226,2256,4586,5186,4726,4506,9627,1597,2566,9537,1477,3047,2847,4387,1857,3417,4117,3217,1167,3037,3377,2567,3737,3807,4587,6567,9308,0078,1558,2728,1587,9878,1028,2628,1527,6357,9208,0868,2318,2808,0988,0617,7537,747

7,9037,8897,8397,8107,7897,7497,7077,7057,6937,6737,6457,6347,6507,6377,6507,6877,7057,7387,7727,7717,7907,8297,8567,877

1,087744854925957992925892836862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958

1,0271,1391,1431,0211,2161,2191,2181,2041,1771,1501,1251,1131,1001,0821,0661,0531,0371,0141,006

997994

1,0031,0171,0231,0261,0441,0441,053

1,512824

1,1651,3111,8142,1981,5871,1081,1471,6832,0092,1982,1942,3642,6372,6682,6532,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9113,9493,9674,0013,9573,9433,9713,9333,9163,8933,8753,8473,8433,8153,9053,7903,7573,7863,8603,9333,9744,0144,0384,0604,0964,110

3,9162,6722,9363,0383,2743,4603,6473,8293,9064,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1365,1465,1655,0814,9435,1425,1365,1235,1175,1175,0995,0755,0565,0545,0335,0195,0084,9794,9664,9634,9884,9934,9924,9844,3415,0315,0195,0275,024

6,1234,7556,4266,7507,2107,1186,9827,0587,3148,3768,9559,2729,2649,3869,742

10,00410,24710,23510,53510,85810,88610,75011,12711,39111,33711,56611,77812,16012,71613,24513,60614,09914,70515,04015,35215,94916,60716,98717,06017,75518,51619,54220,19220,31020,54720,40120,50820,42620,46120,44720,42720,45420,45420,43820,41020,38020,34420,32020,25620,35520,34320,35020,32920,35620,49420,52920,58020,61220,66620,70520,732

1,4941,2801,4471,4851,5251,5091,4811,4611,4811,6751,7281,8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6292,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674,7244,9755,1605,2985,3405,4565,3205,3225,3265,3285,3315,3395,3425,3445,3515,350513565,3675,3745,3845,3915,4235,4355,4515,4655,4885,4995,5035,5235,537

3,4252,8613,5023,6653,9054,0664,1304,1454,2224,6975,0255,1815,2405,3575,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6207,9828,2778,6609,0369,498

10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30316,25217,11217,89018,61919,06419,68518,91918,97018,95718,98419,02019,04619,08319,09719,13619,14419,18719,21519,23819,26219,35619,47819,54619,56819,77019,33519,91319,95620,05120,122

533565905996

1,3402,2132,9052,9282,8082,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,8662,7722,7392,7532,7412,7372,7372,7332,7312,7382,7372,7392,7352,7422,7462,7472,7482,7422,7422,7382,7562,7422,7382,7462,7782,7642,7712,771

Note.—Data in Tables B-37 through B-39 are based on reports from employing establishments and relate to full- and part-time wageand salary workers in nonagricultural establishments who worked during or received pay for any part of the pay period which includesthe 12th of the month. Not comparabje with labor force data (Tables B-29 through B-35), which include proprietors, setf-employedpersons, domestic servants, and unpaid family workers; which count persons as employed when they are not at work because ofindustrial disputes, bad weather, etc., even if they are not paid for the time off; and which are based on a sample of the working-agepopulation. For description and details of the various establishment data, see "Employment and Earnings."


263


TABLE B-38.—Average weekly hours and hourly earnings in selected private nonagricultural industries,

1947-83

[For production or nonsupervisory workers; monthly data seasonally adjusted, except as noted]

Year ormonth

19471948.1949..1950195119521953195419551956195719581959

I960196119621963...1964 !.196519661967 "1968196919701971...19721973..1974197519761977.197819791980198119821983 P

1982:JanFebMarAprMayJuneJulyAugSeptOctNovDec

1983:JanFebMarAprMay ::JuneJulyAugSeptOctN o vD e c

Totalprivatenon-

agricul-tural »

40 340*039*439.839.939.939.639.139.639.338.838.539.038638!638.738.838.738.838.638037.837.737.136 937.036 936.536136.136 035*835.735 335.234 835.0

34.335.134.934.935.034.934.934.834.834.734.734.8

35.134.534.834.935.135.135.035.035.235.335.235.2

Average weekly hours

Manufac-turing

40440039.140.540.640.740.539.640.740439.839 240.339 739.840.440.540.741241.440 640.740.639.839 940.540 740.039 540.140 340.440.239 739.838 940.1

37.539.539.039 039.139.139.139.038.838.939.039.0

39.739.239.540.140.040.140.240.340.840.640.640.5

Con-struction

38 238137.737.438.138.937.937.237.137 537*036.837.036 736.937.037.337.237.437.637 737.337.937.337 236.536 836.636 436.836 536.837.037 036.936 737.2

35.137.037.136 837.336.837.136.836.536.336.436.8

38.936.636.536.937.237.237.337.237.536.536.537.0

Whole-saleand

retailtrade

40 540 440*540.540.540.039.539.539.439138>38638.838 638.338.238.137.937.737.136 636.135.735.335134.934 634.233 933.733 332.932.632 232 231.931.9

31.732.031.931932*031.932.032.031.931.931.832.1

31.931.431.731.731.932.031.931.831.832.132.032.1

Average gross hourly earnings,

Totalprivate

non-agricul-tural1

$113112251.2751.3351.451.521.611.651.711801.891952.022 092.142.222.282.362 462.562 682.853.043.233 453.703 944̂ 244 534^865 255696.166.667̂ 257 67&01

7.537.547.567 597̂ 657.677.707.737.737.767.787.82

7.887.917.917.957.978.008.037.988.088.138.138.17

current dollars

Manufac-turing

$12161.3271.3761.4391.561.641.741.781,851952.042102.192 262.322.392.452.532 612.712 823.013.193.353 573.824 094^424.835.225686176.707.277̂ 998.508.84

8.398.358.388 438*478.518.548.568.578.588.618.63

8.688.768.758.788.798.828.858.848.878.948.999.00

Con-struction

$1 5401.7121.7921.8632.022.132.282.382.452 572.712 822.933 073.203.313.413.553 703.894114.414.795.245 696.066416'817.317718108669.279 94

10*8211.6211.91

11.5911.4011.46114811*5711.5711.6311.6511.6611.7711.7111.88

11.8612.0012.0012.0211.8611.8511.8211.8311.9611.9211.8811.94

Whole-saleand

retailtrade

$0 94010101.0601.1001.181.231.301.351.401471.541601.661711.761.831.891.972 042.142 252.412.562.722 883.053 233.483 733.974 284 675.065485̂ 926,216.49

6.096.096.126146!l86.206.236.246.246.296.326.33

6.356.396.406.436.456.496.516.526.546.596.596.61

Adjusted hourly earnings,private nonagricultural

Index.1977-100

Currentdollars

21623 424.525.427.328.730.331.332.434 035.737.238.539 841.042.443.644.846.448.450 853.957.561365 769.874180.086 792*9

100 0108*2116.8127 3138*9148 3155*1

144.9145.1145.5146 4147*5148.0148.8149.6150.0150.7151.1151.9

152.7153.4153.4154.0154.6154.8155.2155.0155.9156.8156.8157.6

1977dollars3

58 558.962.364.063.665.568.770.573.375.976.978.080.081483.085.086.387.589.090.392.294.095.095.7983

101.2101198.397 699*0

100 0100.597.493 592*693 394.7

93.193.193.593 891592.892.893.093.193.193.494.1

94.795.395.094.894.794.894.794.094.294.494.394.6

total2

Percent changefrom a year

earlier4

Currentdollars

8.34.73.77.55.15.63.33.54.95.04.23.53.43.03.42.82.83.64.35.06.16.76.6726.2628.0847.2768.27.990S.l6.84.6

8.37.57.27 i1.27.07.06.66.16.25.76.0

5.45.75.45.24.84.64.33.63.94.13.83.7

1977dollars

0.75.82.7

-.63.04.92.64.03.51.31.42.6182.02.41,51.41.71.52.12.01.1.7

273.0

= 1- 2 . 8

- 71.4Id.5

=3.1- 4 0-L0

.81.5

.1

.1

.67.7.1.7.7

1.21.21.12.0

1.82.41.61.21.42.12.11.21.21.41.0.5

1 Also includes other private industry groups shown in Table B-37.2 Adjusted for overtime (in manufacturing only) and for interindustry employment shifts.3 Current-dollar earnings index divided by the consumer price index for urban wage earners and clerical workers on a 1 9 7 7 - 1 0 0

base.4 Monthly data are computed from indexes to two decimal places and are based on data not seasonally adjusted.Note.—See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.

264


TABLE B-39.—Average weekly earnings in selected private nonagricultural industries, 1947-83

[for production or nonsupervisory workers; monthly data seasonally adjusted, except as noted]

Year or month

1947194819491950195119521953195419551956195719581959I960196119621963196419651966196719681969197019711972 .. . ...197319741975197619771978197919801981. ..19821983*1982:

JanFebMarAprIVfayJuneJulyAugSeptOctNovDec

1983:JanFebMarAprMay ....JuneJulyAugSeptOctNovp

Dec

Average gross weekly earnings

Total privatenonagricultural1

Currentdollars

$45.5849.0050.2453.1357.8660.6563.7664.5267.7270 7473.3375.0878.7880.6782 6085.9188.4691.3395.4598.82

10184107.73114.61119.83127 31136.90145 39154.76163.53175.45189 00203.70219.91235.10255 20266.92280.35

258 28264 65263.84264.89267 75267.68268.73269.00269 00269 27269.97272.14

276 59272.90275.27277.46279 75280.80281.05279.30284.42286 9928618287.58

1977dollars"

$123.52123.43127.84133.83134.87138.47144.58145.32153.21157.90158.04157.40163.78164.97167.21172.16175.17178.38183.21184.37184.83187.68189.44186.94190 58198.41198 35190.12184.16186.85189 00189.31183.41172.7417013167.87171.15

165 88169 87169.56169.69169 78167.93167.54167.18166.98166 32166.96168.61

17148169.61170.45170.8517142171.85171.37169.48171.85172.7817198172.62

Manufac-turing

(currentdollars)

$49.1353.0853.8058 2863.3466 7570.4770.4975.3078 7881.1982.3288.2689.7292 3496.5699 23

102.97107.53112.19114.49122.51129.51133.33142 44154.71166 46176.80190.79209 32228 90249 27269.34288 62318 00330.65354.48

314 63329 83326.82328.77331 18332.74333.91333.84332 52333 76335.79336.57

344 60343.39345.63352 0835160353.68355.77356 2536190362 96364 99364.50

Construc-tion

(currentdollars)

$58.8365.2367.5669.6876.9682 8686.4188.5490.9096 38

100.27103.78108.41112.67118 08122.47127.19132.06138 38146.26154.95164.49181.54195.4521167221.19235 89249.25266.08283.73295 65318.69342.99367.78399 26426.45443.05

40681421 80425.17422.4643156425.78431.47428.72425 59427 25426.24437.18

46135439.20438.00443.54441 19440.82440.89440.08448.50435 08433 62441.78

Wholesaleand retail

traHa(currentdollars)

$38.0740.8042.9344 5547.7949.2051.3553.3355.1657 4859.6061.7664.4166.0167.4169.9172.0174.6676.9179.3982.3587.0091.3996.02

101.09106.45111.76119.02126.45133.79142.52153.64164.96176.46190 62198.10207.03

193 05194 88195.23195.87197.76197.78199.36199.68199.06200 65200.98203.19

202.57200.65202.88203.83205.76207.68207.67207.34207.97211.54210 88212.18

Percent change froma year earlier, total

privatenonagricultural3

Currentdollars

7.52.5588.94.85.11.25.0453.72.44.92.42.44.03.03.24.53.53.15.86.44.66.27.56.26.45.77.37.77.88.06.98.54.65.0

3.7635.14.85.34.84.94.34.03.43.44.4

6.83.14.34.74.64.94.83.76.06.45.65.8

1977dollars

-0 .13.64.7

.82.74.4

.55.43 1.1

.71.43.01.71.82.7.6.2

1.5.9

-1 .31.94.1

- .0- 4 . 1-3 .1

1.51.2.2

- 3 . 1- 5 . 8- 1 . 5- 1 . 3

2.0

-4 .1-1 .0-1 .3-1 .4- 1 . 1-2 .0-1 .3-1 .4- . 9

-1 .6-1 .1

.5

3.1- . 2

.6

1.22.42.51.33.23.72.62.5

1 Also includes other private industry groups shown in Table B-37.2 Earnings in current dollars divided by the consumer price index on a 1977=100 base.3 Based on data not seasonally adjusted.Note.—See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.

265


TABLE B-40.—Productivity and related data, business sector, 1947-83

[1977=100; quarterly data seasonally adjusted]

Output per hourof all persons

Busi-ness

sector

Nonfarmbusiness

sector

Output l

Busi-ness

sector

Nonfarmbusiness

sector

Hours of allpersons2

Busi-ness

sector

Nonfarmbusiness

sector

Compensation perhour3

Busi-ness

sector

Nonfarmbusiness

sector

Real compensationper hour4

nesssector

Nonfarmbusiness

sector

Unit labor cost

Busi- Nonfarmbusinesssector

Implicit pricedeflator»

Busi-ness

sector

Nonfarmbusiness

sector

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983 ".....

IIIllIV

1983:

if""!".....;IllIV

43.746.046.7

50.451.853.555.256.1

58.358.960.462.364.2

65.267.369.972.575.6

78.380.782.585.385.5

86.289.292.494.792.5

94.597.6

100.0100.699.4

98.9101.3101.2103.8

100.5101.1102.3101.2

101.11007101.1101.9

102.5103.9104.2104.8

49.952.053.1

56.357.258.659.560.4

62.762.964.065.567.7

68.370.372.875.178.1

80.582.584.086.886.5

86.889.793.095.392.9

94.797.8

100.0100.699.1

98.4100.3100.2103.4

100.1100.1101.199.9

100.099.9

100.4100.8

101.7103.5104.0104.3

35.037.236.5

39.842.143.545.444.6

48.149.349.849.052.6

53.554.457.459.963.5

67.871.573.176.879.0

78.480.786.191.789.9

88.293.8

100.0105.5107.8

106.5109.8106.7111.0

109.2109.8111.2108.9

107.2106.9106.6106.0

107.1110.4112.4113.9

34.036.035.3

38.641.142.544.343.4

47.048.348.948.051.8

52.553.556.659.162.8

67.271.272.776.678.8

78.080.385.891.789.8

87.893.7

100.0105.7108.0

106.5109.3106.3110.9

109.2109.4110.5108.2

106.5106.7106.5105.4

106.7110.2112.5114.2

80.280.778.1

78.981.381.482.279.5

82.583.782.578.881.9

82.080.882.182.683.9

86.688.688.690.192.5

91.090.593.296.897.3

93.396.0

100.0104.9108.5

107.6108.4105.4106.9

108.6108.6108.7107.7

106.0106.2105.4104.0

104.5106.2107.9108.7

68.169.266.6

68.771.972.674.571.9

74.976.876.473.276.5

77.076.177.878.780.5

83.586.386.588.291.1

89.889.592.396.296.7

92.795.8

100.0105.0109.0

108.2109.0106.0107.3

109.1109.2109.4108.2

106.5106.8106.0104.6

104.9106.5108.2109.5

17.018.418.7

20.022.023.424.925.7

26.428.129.931.232.6

33.935.236.838.240.2

41.744.647.050.754.2

58.262.066.171.378.0

85.592.9

100.0108.6118.7

131.2143.9155.1163.1

139.7142.2145.5148.2

151.6153.9156.5158.7

160.7162.1163.6166.4

18.520.120.6

21.823.825.126.527.3

28.330.031.732.934.2

35.736.838.339.641.4

42.845.447.951.554.8

58.762.566.771.778.5

86.093.0

100.0108.6118.4

130.7143.5154.7163.5

139.3141.8145.1147.7

151.3153.5156.1158.3

161.0162.7164.2166.0

46.146.447.6

50.551.353.456.458.0

59.662.664.465.567.7

69.571.373.775.578.4

80.183.385.388.389.6

90.892.895.797.395.9

96.398.9

100.0100.999.1

96.595.997.499.2

96.396.195.695.6

97.197.497.198.0

99.499.298.999.5

50.150.552.5

55.055.457.259.961.6

64.066.868.268.971.1

73.074.676.778.480.9

82.284.786.989.690.6

91.593.596.697.896.4

96.899.0

100.0100.998.9

96.195.697.199.4

96.095.895.395.4

96.997.196.997.8

99.599.699.399.3

38.940.040.1

39.842.543.845.145.9

45.247.749.550.250.7

52.152.352.752.753.1

53.355.356.959.463.4

67.569.571.575.384.4

90.595.1

100.0108.0119.5

132.7142.1153.3157.1

139.0140.7142.3146.4

149.9152.9

155.6

156.9156.0156.9158.8

37.038.638.9

38.841.542.844.445.2

45.147.649.550.250.5

52.352.452.652.753.1

53.255.057.059.363.4

67.669.771.775.384.5

90.895.1

100.0108.0119.5

132.8143.0154.4158.1

139.2141.6143.5147.8

151.3153.6

157.1

158.3157.2157.8159.2

38.140.840.3

41.044.044.544.945.3

46.047.649.249.850.8

51.651.952.653.253.7

54.756.457.960.363.2

66.069.071.375.382.4

90.494.7

100.0107.5117.2

128.1140.1147.7153.2

136.3138.2141.5144.3

145.5147.5148.5149.4

151.5152.5153.8155.2

36.639.139.4

40.142.843.544.445.0

46.047.649.349.750.9

51.651.952.753.353.9

54.856.358.160.463.3

66.369.371.374.081.6

90.094.6

100.0107.1116.5

128.1140.4148.6154.1

136.2138.4141.8145.0

146.4148.3149.1150.5

152.4153.4154.7155.9

1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily onestablishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes anestimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.

5 Current dollar gross domestic product divided By constant dollar gross domestic product.Source: Department of Labor, Bureau of Labor Statistics.

266


TABLE B-41.—Changes in productivity and related data, business sector, 1948-83

[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year or quarter

Output per hourof all persons

Businesssector

Nonfarmbusiness

sector

Output1

sector

Nonfarmbusinesssector

Hours of allpersons2

Businesssector

Nonfarmbusinesssector

Compensation perhour3

sector

Nonfarmbusiness

sectorBusiness

sector

per hour*

Nonfarmlusinesssector

Unit labor cost

sectorNonfarmbusiness

sector

Implicit pricedeflator*

Nonfarmlusinesssector

19481949

19501951195219531954

1955195619571958...1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983*

1981:IIIIllIV

1982:

\\""Z'"ZIIIIV

1983:I

5.31.5

7.92.83.23.21.6

4.01.02.53.13.2

1.53.33.83.74.3

3.53.12.33.3

.2

3.63.52.6

- 2 . 4

2.23.32.4

.6-1 .2

- . 52.4

- . 12.6

5.92.24.7

- 4 . 1

- . 4- 1 . 6

1.73.3

4.32.0

6.01.72.31.71.4

3.9.3

1.72.43.4

2.93.63.23.9

3.12.51.93.3

- . 3

.33.33.72.4

- 2 . 5

2.03.22.2

.6- 1 . 5

- . 71.9

- . 13.1

5.2.4

3.8-4.4

.1- . 42.31.3

3.77.12.31.0

6.1-1 .9

9.15.83.34.3

- 1 . 8

7.92.61.0

- 1 . 67.3

1.61.75.54.36.0

6.85.52.25.12.9

3.06.66.6

- 2 . 0

- 2 . 06.46.65.52.3

-1.33.1

-2.84.0

8.32.35.2

- 7 . 8

- 6 . 3- 1 . 0- 1 . 1- 2 . 3

4.212.77.85.3

6.0-1.9

9.46.53.44.2

-2.0

8.22.81.2

-1.97.9

1.51.85.84.46.4

6.95.92.15.32.9

-1.02.96.96.8

-2.0

-2.26.76.75.72.2

-1.42.7

-2.84.4

7.8

4.3- 8 . 3

- 6 . 2

- . 6- 4 . 1

4.913.78.96.0

0.7- 3 . 3

1.12.9

.11.0

- 3 . 3

3.81.5

- 1 . 5- 4 . 5

3.9

.2- 1 . 5

1.6.6

1.6

3.22.3

.01.72.6

- 1 . 6— 53*03.9

.4

- 4 . 13.04.14.93.5

- . 8.7

- 2 . 71.4

2.3.1.5

-3.9

-6.0.6

-2.7-5.4

2.16.56.53.0

1.6- 3 . 8

3.14.61.02.5

- 3 . 4

4.12.5

- . 5- 4 . 2

4.4

.6- 1 . 1

2.21.12.4

3.73.4

.32.03.2

- 1 . 3- . 43.14.3

.5

- 4 . 13.44.45.03.7

- . 7.7

- 2 . 71.2

2.4.5.5

- 4 . 0

- 6 . 21.2

-2 .9- 5 . 3

1.26.26.45.0

8.51.6

7.19.86.46.43.2

2.56.56.54.44.3

4.23.84.63.75.2

3.97.05.37.87.0

7.36.66.58.09.4

9.68.67.78.69.4

10.59.77.75.2

11.57.49.67.5

9.46.46.75.7

8.62.9

5.88.85.55.63.2

3.66.05.73.84.0

4.33.24.03.54.5

3.46.05.57.56.5

7.06.66.77.69.4

9.68.17.58.69.0

10.49.87.85.6

11.57.39.67.6

10.05.87.25.8

6.84.33.84.5

0.72.6

6.01.74.15.72.8

2.84.92.91.63.5

2.62.73.42.53.8

2.24.02.43.51.5

1.32.23.11.6

-1 .4

.52.61.2

.9- 1 . 7

- 2 . 6- . 61.51.9

.8-1.0-2.2

.3

6.31.1

-1.03.7

5.8- . 7

- 1 . 12.2

0.83.9

.73.24.82.7

3.94.42.21.03.2

2.72.12.82.23.2

1.73.02.63.21.1

1.02.23.31.3

-1 .4

.42.21.0

.9-2 .0

- 2 . 8- . 61.62.3

6.8.5

- . 63.7

7.2.1

- . 9- . 2

6.93.03.11.6

- 1 . 45.53.91.31.0

2.7.5.7.0.8

.33.83.04.46.7

6.42.92.95.3

12.1

7.35.15.18.0

10.7

11.17.17.92.5

5.35.04.7

12.2

3.3-2 .2

2.34.8

4.1.9

- . 26.93.13.91.7

- . 35.73.91.4

.6

3.5.3.4.2.6

.33.53.54.16.8

6.63.12.85.0

12.2

7.54.85.28.0

10.7

11.17.77.92.4

6.06.95.6

12.6

3.0- 2 . 6

1.53.5

7.0-1.0

1.67.41.1

.91.0

1.63.33.51.32.0

1.4.6

1.51.11.0

1.93.02.74.04.9

4.54.43.45.59.5

9.84.75.67.59.0

9.29.45.43.7

11.25.69.98.2

5.52.83.33.7

1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on

establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an

estimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.5 Current dollar gross domestic product divided by constant dollar gross domestic product.

Note.—Data relate to all persons engaged in the sector. Percent changes are based on original data and therefore may differ slightlyfrom percent changes based on indexes in Table B-40.


267


PRODUCTION AND BUSINESS ACTIVITY

TABLE B-42.—Industrial production indexes, major industry divisions, 1929-83

[1967 ==100; monthly data seasonally adjusted]

Year or month

1967 proportion

192919331939

194019411942194319441945194619471948. ...1949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983"1982:JanFebMarAprM a y . .June' 'JulyAug ,SeptOctNovDec

1983:JanFebMarAprMayJuneJulyAugSeptOctNov p

Dec

Totalindustrialproduction

100.00

21.613.7217

25 031.636 344.047.440.735.039441.138 844.948.750.654.851.958.561161.957.964.866.266.772.276.581.789.897.8100 01063111.1

107 8109.6119 7129 8129 3117 8130.5138.21461152.5147 0151.0138 6147.7

140 7142.9141.7140.2139.2138.7

138.8138.4137.3135 7134 9135.2

137.4138.1140.0142 6144 4146.4149 7151.8153.8155.01561156.9

Manufacturing

Total

87.95

22.814.021.5

25.432.437.847.050.942.635.339.440.938.7

45.048.650.655.251.558.260.561.257.064.265.465.671.575.881.089.797.9100 0106.4111.0106 4108.2118.9129 8129.4116 3130.3138.4146 8153.6146.7150.4137.6148.5

138 5140.9140.1138.7137.9137.7138.1138.0137.1135.0134.0134.5

136.7138.2140.4143.1145.1147.4150 6152.8155.1156.4157 2157.8

Dura-ble

51.98

22.59.117.723.531.439.954.259.945.231.637.739.335.7

43.548.951.958.751.859.261.161.653.961.962.961.868.673.178.389.098.9100.0106.5110.6102.3102.4113.71271125.7109.3122.3130.0139.7146.4

136.7140.5124.7134.6

127 1129.3128.2126.7126.1125.5125.9124.9123.5120.3119.3119.9

122.5123.9126.3129.1131.0133.2136 8138.8141.6143.0144.0145.0

Non-durable

35.97

23.219.926.1

27.533.334.637.138.638.539.741.342.742.046.748.349.251.251.657.260.161.161.667.769.371.575.880.085.290.996.7100.0106.2111.5112.3116.6126.5133.8134.6126.4141.8150.5156.9164.0161.2164.8156.2168.5

155.1157.8157.3156.1155.0155.3155.7156.9156.7156.2155.3155.6

157.4159.0160.7163.3165.4167.8170.6172.9174.6175.8176.3176.3

Min-ing

6.36

43.130.642.146.849.751.352.556.255.154.261.364.457.1

63.870.069.471.269.977.982.082.175.378.7

80.380.883.186.489.993.298.2100.0104.2108.3112.2109.8113.1114.7115.3112.8114.2118.2124.0125.5132.7142.2126.1116.5

144.5142.4138.1134.1128.9123.5120.1116.9114.7115.9116.8118.4

121.9115.6112.6111.6112.8112.6115.0116.1117.1118.6120.9123.4

Utili-ties

5.69

7.46.7

10.7

11.813.314.916.517.517.818.620.122.423.911131.033.736.539.343.948.251.553.959.363.467.072.077.083.688.795.5100.0108.4117.3124.5130.5139.4145.4143.7146.0151.7156.5161.4166.0168.3169.1168.7172.7

171.8170.4170.0171.0170.9169.4167.7168.5167.5167.8166.7164.2

163.1162.0165.8169.3169.7169.8176.0179.3179.3176.9178.8183.4


268


TABLE B-43.—Industrial production indexes, market groupings, 1947-83

[1967 = 100; monthly data seasonally adjusted]

Year or monthTotal

industrialproduction

Final products

Total

Consumer goods1

TotalAuto-

motiveproducts

Homegoods

Equipment

Total Busi-De-

fenseand

space

Inter-mediateproducts

Materials2

TotalDura-

blegoods

Non-durablegoods

1967 proportion 100.00 47.82 27.68 2.83 5.06 20.14 12.63 7.51 12.89 39.29 20.35 10.47

39.441.138.8

44.948.750.654.851.9

58.561.161.957.964.8

66.266.772.276.581.7

89.897.8

100.0106.3111.1

107.8109.6119.7129.8129.3

117.8130.5138.2146.1152.5

147.0151.0138.6147.7

140.7142.9141.7140.2139.2138.7

138.8138.4137.3135.7134.9135.2

137.4138.1140.0142.6144.4146.4

149.7151.8153.8155.0156.1156.9

38.640.038.8

43.747.250.754.151.3

55.458.660.357.663.2

65.365.871.475.579.7

87.695.9

100.0106.2109.6

105.3106.3115.7124.4125.1

118.2127.6135.9142.2147.2

145.3149.5141.5147.2

142.8144.1143.3142.6142.2142.1

142.5141.2140.0138.7138.3139.5

140.1138.9139.9142.8144.5146.4

149.0150.7152.1152.9154.2155.4

42.443.743.4

49.649.150.253.252.9

59.061.262.662.168.1

70.772.277.181.385.9

92.697.3

100.0105.9109.8

109.0114.7124.4131.5128.9

124.0137.1145.3149.1150.8

145.4147.9142.6151.9

139.6141.8141.5142.1143.6144.8

145.8144.1143.4142.2141.3142.0

143.6143.4144.3147.7150.4152.4

154.8156.3157.3157.1157.8158.7

45.347.447.0

59.152.347.159.555.4

73.660.663.550.563.3

72.566.180.187.791.9

113.3112.8100.0119.4118.1

98.8124.4141.4153.0132.8

125.8155.7175.6179.9167.7

132.8137.9129.5158.2

109.2117.5125.0129.9138.9143.0

149.7135.5135.5123.6120.7128.7

136.2144.3142.6144.9152.2160.0

167.0168.1172.9171.0171.9178.1

37.539.136.2

49.943.043.048.644.9

53.055.754.551.459.0

59.461.366.571.878.4

88.997.9

100.0106.4113.2

110.2115.6129.5142.5136.8

118.8134.1141.9147.7149.2

138.9142.0129.1141.8

126.3130.6129.9131.1129.1129.9

130.4131.4128.9128.1126.8124.3

129.1128.8132.8138.1141.8143.2

144.9146.4148.8149.3148.1149.4

30.632.228.7

31.143.351.956.349.3

50.455.357.551.556.5

58.157.363.767.571.4

80.794.0

100.0106.5109.3

100.194.7

103.8114.5120.0

110.2114.6123.0132.8142.2

145.2151.8139.8140.8

147.2147.3145.9143.4140.4138.4

138.0137.3135.2134.0134.2136.1

135.3132.7133.8136.2136.5138.2

141.0143.1144.9147.1149.3150.8

38.039.534.5

37.045.251.253.346.8

50.858.861.151.557.9

59.457.762.765.873.7

84.497.7

100.0105.5112.5

107.01041118.0134.2142.4

128.2135.4147.8160.3171.3

173.2181.1157.9153.2

172.2171.6169.0164.9159.9156.7

154.9153.9150.5147.1146.4148.1

146.6142.7143.7146.9147.7150.2

153.3156.6158.7161.5164.4165.8

10.312.112.7

14.936.651.461.654.2

49.748.550.750.953.7

55.156.064.969.967.7

74.988.1

100.0108.2104.0

88.578.879.981.482.4

80.079.881.386.593.4

98.2102.7109.4119.9

105.2106.5107.0107.2107.7107.6

109.5109.5109.5111.9113.6115.9

116.4116.1117.0118.2117.6118.0

120.4120.2121.8122.9123.9125.7

41.944.342.0

48.851.350.954.554.3

61.764.464.463.069.5

70.071.475.779.985.2

90.696.2

100.0106.3112.9

112.9116.7126.5137.2135.3

123.1137.2145.1154.1160.5

151.9154.4143.3156.9

143.4146.3145.2143.7142.6141.9

142.8144.7143.7141.6141.8141.5

143.7145.3147.8150.8152.2154.5

158.1162.2165.4166.5167.2167.6

39.541.237.6

45.049.850.556.151.8

61.362.862.856.565.2

66.166.272.176.782.9

92.4100.7100.0106.5112.5

109.2111.3122.3133.9132.4

115.5131.7138.6148.3156.4

147.6151.6133.7145.3

137.2140.4138.5136.2134.3133.5

133.0132.8132.0130.0128.4127.8

132.0134.9137.6139.7141.7143.7

147.8149.7152.2153.9154.9155.3

38.339.435.3

44.450.551.660.352.0

63.763.963.853.764.064.863.370.475.181.9

93.8103.3100.0106.2112.1

103.8104.9117.7134.6132.7

109.1128.0136.1149.0157.8

143.0149.1125.0138.7

129.7132.4130.7128.1126.6126.6

126.0125.1123.0118.5116.4116.5

121.5125.3128.7132.4134.7137.0

141.1144.2147.4149.5150.9150.9

45.9

52.554.954.754.462.1

63.265.871.375.682.2

90.397.5

100.0108.8115.7

115.4120.2132.9142.2142.6

126.6147.8155.6165.6175.9

171.5174.6157.5174.9

156.8164.2162.0160.3156.6153.5

152.3154.5158.5158.2157.3155.6

159.7164.0167.5168.7172.1174.3

177.0178.0182.3185,0185.1184.9

1 Also includes clothing and consumer staples, not shown separately.2 Also includes energy materials, not shown separately.Source: Board of Governors of the Federal Reserve System.

269


TABLE B-44.—Industrial production indexes, selected manufactures, 1947-83

[1967=100; monthly data seasonally adjusted]

Year or month

1967 proportion

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983 P.

1982:JanFebMarAprMayJune



JulyAugSeptOctNov P.Dec"

Durable manufactures

Primarymetals

Total

6.57

63.365.855.4

69.775.869.278.563.5

82.582.078.562.372.7

72.471.176.382.392.8

102.1108.4100.0104.3113.8

106.6100.2112.1126.7123.1

96.4109.7111.1119.9121.3

102.3107.975.385.4

89.788.583.076.475.272.8

72.972.973.269.663.663.5

73.177.981.283.184.984.8

85.587.590.695.192.091.1

Ironand

4.21

70.1

93.291.588.266.576.5

77.774.277.384.395.9

105.2108.4100.0103.2112.6

104.796.1

107.1122.3119.8

95.8104.8103.8113.2113.2

92.499.861.7

79.678.573.065.162.458.0

58.157.456.454.147.546.6

59.064.366.968.569.569.7

71.875.178.284.080.5

Fabri-catedmetalprod-ucts

5.93

49.950.845.8

56.159.958.566.059.4

67.868.870.663.371.0

71.169.475.477.882.6

90.897.2

100.0105.6107.9

102.4103.5112.1124.7124.2

109.9123.9131.0141.6148.5

134.1136.4114.8120.4

120.7121.4121.1119.1115.8115.0

115.5114.3U2.3107.6107.0107.3

107.6110.3113.9115.3115.5118.5

122.7126.0127.4127.2129.3129.7

Non-elec-trical

machin-ery

9.15

39.039.233.4

37.547.751.954.046.1

50.658.057.948.656.7

56.955.462.166.375.6

85.098.8

100.0101.8109.3

104.4100.2116.0133.7140.1

125.1134.5143.6153.6163.7

162.8171.2149.0150.6

160.9160.0157.3153.7150.0147.4

147.1147.2144.9140.4139.6139.2

138.0136.2138.6143.1146.1149.5

154.2157.3158.3159.5162.9163,0

Electri-cal

machin-ery

8.05

22.223.021.6

29.629.834.039.034.7

39.943.142.839.247.6

51.654.862.964.768.4

81.797.9

100.0105.5111.9

108.1107.7122.2143.1143.8

116.5134.8145.4159.4175.0

172.8178.4169.3185.8

168.2172.9172.6172.2170.9170.8

170.3169.7167.0165.4165.5165,5

169.5168.9173.8177.2180.1182.4

188.3189.2195,8198.7200.6203.7

Transportationequipment

Total

9.27

31.834.834.9

41.846.654.268.059.2

68.066.070.755.863.2

65.461.571.178.080.0

95.1102.0100.0111.1108.4

89.597.9

108.2118.3108.7

97.4111.1122.2132.5135.4

116.9116.1104.9117.4

96.6102.0104.4105.9110.0111.6

112.7107.0105.3100.8100.2103.7

106.3109.6110.1111.4113.8116.6

119.7121.1124.7125.5125.8128.2

Motorvehicles

andparts

4.50

60.5

81.265.869.051.066.2

74.765.579.888.390.7

115.9113.9100.0120.3116.5

92.3118.6135.8148.8128.2

111.1142.0161.1169.9159.9

119.0122.3109.8136.9

90.498.6

105.6110.7119.8124.0

127.21167113.5103.0101.7108.8

U3.9123.0123.2125.5130.4136.2

142,3144.3150.9150.9152.5157.1

Lumberand

prod-ucts

1.64

58.961.354.1

65.765.564.768.468.0

75.975.068.869.979.3

74.778.282.586.392.7

96.3100.0100.0105.5107.9

105.6113.8120.8126.0116.2

107.6123.2131.2136.3136.9

119.3119.1112.6

99.2104.9103.5106.2110.6112.2

116.9120.3119.9117.2119.1121.4

130.0130.2128.7132.1135.8137.4

141.3141.6142.3141.7142.0

Nondurable manufactures

Apparelprod-ucts

3.31

57.860.359.7

64.363.166.367.266.4

73.375.074.972.880.1

81.782.285.589.192.2

97.499.9

100.0102.9106.7

101.4104.7109.4117.3114.3

107.6125.7134.2134.2134.4

127.0120.4

Printingand

publish-ing

4.72

43.345.446.6

48.949.749.752.054.1

59.563.265.463.968.2

71.071.373.977.882.6

87.994.6

100.0103.2107.4

107.0107.1112.7118.2118.2

U3.3122.5127.6131.5136.9

139.6144.2144.1152.9

145.6146.4145.9144.2143.8142.6

143.9145.3144.3142.0141.7142.8

141.3144.0145.9145.7145.2147.4

152.0157.8161.7162.7163.1163.2

Chem-icalsand

prod-ucts

7.74

19.721.321.0

26.229.731.133.634,1

39.842.745.246.654.3

56.459.265.771.878.8

87.895.7

100.0109.5118.4

120.4125.9143.6154.5159.4

147.2170.9185.7197,4211.8

207.1215.6196.1

196.7201.3200.3198.6193.6193.2

194.1195.6196.4194.1192.8195.9

197,6202.3205.7208.5211.0214.7

218.3220.3224.1228.1228.3

Foods

8.75

55.855.255.9

57.959.060.261.462.7

66.370.171.172.976.5

78.680.983.486.490.4

92.496.0

100.0102.6106.1

108.9112.8116.8120.9124.0

123.4133.0138.8142.7147.5

149.6152.1151.1

151.1151.7150.8149.7150.5151.0

151.0150.7149.0151.5152,0152.8

154.4153.0152.0153.7155.6157.7

159.9159.3158.2157.6


270


TABLE B-45.—Capacity utilization rate in manufacturing, 1948-83

[Percent; quarterly data seasonally adjusted]

Year orquarter

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983"

1979:IIfIIIIV

1980:IIIIllIV

1981:1IIIllIV

1982:1IIIllIV

1983:

IIIllIV

FRB series1

Totalmanufac-

turing

82 574.2

82.885.885489 280 3

87186.483 775.2819

80 277.481683 5856

89 691186.987 286.3

79.578 583.587 683.7

72.979.682.284.786.0

79.679 471.175.3

87.286.285 784.8

83.878.376.479.7

80.680.880.375.9

72.971.671.069.0

70.773.877.479.2

Durablegoods

87.187 285.9

76.574 680.787 283.1

70.377181.186.086.7

77.878 268.272.4

89.187.485 884.4

83.076.573.978.0

79.279 879 274.3

70.569.168.165.1

67.270.774.777.1

Non-durablegoods

86.887187.0

83.984 087.488184.7

76.683 085.085.686.3

81.881174.878.9

86.986.386 485.6

85.080.779.781.9

82.482 081878.0

75.874.774.874.0

75.177.880.781.9

Primaryprocess-

ing

87 276.2

88.590.284.989.480.6

92.189.784.775.483.4

79.877.981.683 887.8

91.191485.787 788.5

82.982 388.192 487.8

73.882 384.687.989.5

80.380 868.976.0

90.389.689 888.5

87.278.074.881.3

83.582.681975.2

71.568.868.666.8

70.574.678.380.5

Advancedprocess-

ing

80 073.3

79.883485.989380.1

84.384 583.175.181.1

80.477 281.783 484.6

88.991287.786 985.2

77.676 481.085 081.5

72.578280.982.984.0

79.278 772.375.0

85.484.483 482.8

82.278.577.378.7

79.179 779 476.3

73.773.172.370.2

71.173.576.978.5

Commerce series2

Totalmanufac-

turing

86.086 084.085 085.0

81.080 083.086 083.0

77.081083.083.682.5

77.576170.0

84.483.381780.7

80.175.876.278.0

78.178.375 972.1

72.271.269.167.5

69.873.375.5

Durablegoods

88.087.083.084.084.0

78.078.082.085.082.0

76.081.084.084.482.7

76.674 666.5

85.284.081680.0

79.774.174.777.8

77.277.074.170.1

69.867.665.263.4

66.370.3111

Non-durablegoods

85.086.085.086.086.0

83.083.085.086.084.0

79.082.082.082.682.3

78.778.174.6

83.382.481.881.7

80.677.978.178.3

79.480.078.474.7

75.276.074.272.8

74.377.179.1

Primary-processed

goods

89.088 087.086.087.0

83.082.085.089 085.0

76.082.083.084.283.8

76.975.666.5

85.284.283 282.6

80.874.973.978.1

78.078.075.670.9

70.166.565.663.9

68.171.274.0

Advanced-processed

goods

85.085 083.084 084.0

79.080 082.084 082.0

77.081083.083.381.9

77.876 471.8

84.082.980979.7

79.776.277.477.9

78.278.576.172.7

73.273.870.969.3

70.674.476.3

1 For description of the series, see "New Federal Reserve Measures of Capacity and Capacity Utilization," Federal Reserve Bulletin, July1983.

2 Quarterly data are for last month in quarter. Annual data are averages of the four indexes, except for 1965 (December index) and1966-67 (averages of June and December indexes). For description of the series, see "Survey of Current Business," July 1974.

Sources: Board of Governors of the Federal Reserve System and Department of Commerce (Bureau of Economic Analysis).

271


TABLE B-46.—New construction activity, 1929-83

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

1929

1933

1939 ...

19401941194219431944 ,.

1945 ..1946

New series

194719481949

19501951195219531954

19551956 .. . ..195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

newconstruc-

tion

10.8

2.9

8.2

8.712.014.18.35.3

5.814 3

20 026.126.7

33.635 436 839.141.4

46.547 649150 055.4

54 756.460 264.868.0

74 176 878 587.594.3

95 2110 3124.4138 4139.2

135.91511173 8205.6230.4

230 7239 4232.0

Private construction

Total

8.3

1.2

4.4

5.16.23.42.02.2

3.4121

16.721.420.5

26.726.226 027.929.7

34.834.935134.639.3

38939 342 345.547.7

52 052 852 959.966.3

67180 494.2

105 9100.9

951112 0135 7159.7181.6

175 71861181.0

Residentialbuildings1

Total2

3.6

.5

2.7

3.03.51.7.9.8

1.36.2

9.913.112.4

18.115.915 816.618.2

21.920.219 019.824.3

23 023.125 227.928.0

27 925 725 630.633.2

31943 354.359 750.4

46.560 581093.499.0

87 386 674.8

Newhousing

units

3.0

.3

2.3

2.63.01.4

i

.6

.74.8

7.810.510.0

15.613.212 913.414.9

18.216.114 715.419.2

17 317.119 421.721.8

21719 419024.025.9

24.335144.950.140.6

34.447 365 775.878.6

63162 751.9

Nonresidential buildings and otherconstruction1

Total

4.7

.8

1.7

2.12.71.71.11.4

2.15.8

6.98.28.0

8.610.310.211.311.5

12.914.716114.815.1

15916.217 217.619.7

24127 127 329.333.1

35.337 240.046.250.5

48.651454 766.282.6

88.499 5

106.2

Com-mercial3

1.1

.1

.3

.3

.4

.2

.0

.1

.21.2

1.01.41.2

1.41.5111.82.2

3.23.6363.63.9

424.7515.05.4

7.89.4

9.811613.515 515.9

12.812 814 818.624.9

29 934 237.3

Indus-trial

0.9

.2

.3

.4

.8

.3

.2

.2

.61.7

1.71.41.0

1.12.12.32.22.0

2.43.13.62.42.1

2.92.82.82.93.6

6.06.8

6.55.44.76.27.9

8.07.27.7

11.015.0

13.817.017.3

Other4

2.6

.5

1.2

1.31.51.2

.91.1

1.33.0

4.25.55.9

6.16.76.87.37.2

7.38.09.08.89.0

8.98.79.29.7

10.7

15.516.9

19.020.121.824.526.7

27.831.532.236.742.7

44.748.251.5

Public construction

Total

2.5

1.6

3.8

3.65.8

10.76.33.1

2.42.2

3.34.76.3

6.99.3

10.811.211.7

11.712.714.115.516.1

15.917.117.919.420.4

22.124.025.527.628.0

28.129.930.232.538.3

40.939.138.245.948.8

55.053.351.1

Federal

0.2

.5

.8

1.23.89.35.62.5

1.7.9

.81.21.5

1.63.04.24.13.4

2.82.73.03.43.7

3.63.93.94.03.9

4.04.03.53.43.3

3.34.04.44.95.3

6.37.07.38.48.6

9.610.410.2

State andlocal'

2.3

1.1

3.1

2.42.01.3

.7

.6

.71.4

2.53.54.8

5.26.36.67.18.3

8.910.011.112.112.3

12.213.314.015.416.5

18.020.022.124.224.6

24.825.925.827.633.0

34.632.130.937.540.2

45.442.940.8


272


TABLE B-46.—New construction activity, 1929-83—Continued

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or monthTotalnew

construc-tion

Private construction

Total

Residentialbuildings1

Total 2New

housingunits

Nonresidential buildings and otherconstruction *

Total Com-mercial 3

Indus-trial Other*

Public construction

Total Federal State andlocal6

1982:JanFeb....Mar....Apr....May....June...


1983:JanFeb....Mar....Apr....May....June...

July....Aug....Sept...OctNov. .

224.3223.5226.8228.8230.9233.4

230.8231.6230.7234.1243.7240.2

247.9243.0241.9247.4254.8264.3

274.2282.0285.4271.9271.9

175.4174.3175.5177.9180.9182.9

180.8179.5178.2181.9190.5190.8

195.0194.3194.9199.5206.0214.7

222.8228.5232.6223.0223.2

71.268.369.671.975.275.5

73.872.771.776.481.286.0

89.793.696.1

102.0107.5113.5

122.3127.1129.1121.7118.3

49.248.7S0.448.750.149.3

51.452.653.053.655.858.6

63.468.872.377.382.287.9

92.794.895.092.291.1

104.2106.0105.9105.9105.8107.4

107.0106.8106.5105.5109.3104.8

105.3100.898.797.598.5

101.2

100.5101.4103.4101.3105.0

36.136.937.137.536.538.6

37.837.638.037.037.936.9

38.236.735.533.633.335.9

35.936.336.936.138.0

18.218.418.217.717.818.2

17.216.916.517.116.715.6

15.214.314.313.213.013.1

12.214.213.210.511.5

50.050.850.650.751.550.5

52.052.351.951.454.752.2

52.049.849.050.752.252.2

52.450.953.454.655.4

48.949.251.350.950.050.4

50.052.252.552.253.249.4

52.948.747.047.948.749.6

51.453.552.848.948.6

9.79.9

10.510.09.99.9

10.310.410.810.610.810.1

10.510.511.011.110.19.9

11.711.111.310.510.4

39.239.340.840.940.140.5

39.741.741.741.642.439.3

42.438.236.136.838.639.7

39.842.441.538.438.2

1 Beginning I960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidential buildings andother construction.

2 Total includes additions and alterations and nonhousekeeping units, not shown separately.3 Office buildings, warehouses, stores, restaurants, garages, etc.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities, and all

other private.5 Includes Federal grants-in-aid for State and local projects.Source: Department of Commerce, Bureau of the Census.

273


TABLE B-47.—New housing units started and authorized, 1959-83

[Thousands of units]

Year or month

New housing units started

Private and public1

Total(farm andnonfarm)

Nonfarm

Private (farm and nonfarm)1

TotalType of structure

1 unit 2 to4units

5 unitsor more

New private housing units authorized2

Total

Type of structure

l u n i t 2 to 4units

5 units

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983 "...

1982:Jan....Feb...Mar..,Apr...May..June..

July...Aug...Sept..Oct...Nov...Dec...

1983:Jan....Feb...Mar...May'"June..

July...Aug...Sept..Oct...Nov...Dec".

1,553.7

1,296.11,365.01,492.51,634.91,561.0

1,509.71,195.81,321.91,545.41,499.5

1,469.02,084.52,378.52,057.51,352.5

1,171.41,547.6

12,001.72,036.11,760.0

1,312.61,100.31,072.11,712.6

47.652.078.785.199.291.8

107.297.2

108.3111.5110.083.4

92.996.7

135.8136.4175.5173.8

161.9177.8156.8159.9137.3107.7

1,531.3

1,274.01,336.81,468.71,614.81,534.0

1,487.51,172.81,298.81,521.41,482.3

1,517.0

1,252.21,313.01,462.91,603.21,528.8

1,472.81,164.91,291.61,507.61,466.8

1,433.62,052.22,356.62,045.31,337.7

1,160.41,537.51,987.12,020.31,745.1

1,292.21,084.21,062.21,703.1

877911920911

1,028910

1,1851,0461,1341,1421,3611,280

1,6941,7841,6051,5061,8071,736

1,8041,9041,6641,6541,7551,667

1,234.0

994.7974.3991.4

1,012.4970.5

963.7778.6843.9899.4810.6

812.91,151.01,309.21,132.0

892.21,162.41,450.91,433.31,194.1

852.2705.4662.6

1,066.9

283.0

257.4338.7471.5590.8

108.4 450.0

86.661.171.680.985.0

84.8120.3141.3118.368.1

64.085.9

121.7125.0122.0

109.591.180.0

114.9

422.5325.1376.1527.3571.2

535.9780.9906.2795.0381.6

204.3289.2414.4462.0429.0

330.5287.7319.6521.3

1,208.3

998.01,064.21,186.61,334.71,285.8

1,239.8971.9

1,141.01,353.41,323.7

1,351.51,924.62,218.91,819.51,074.4

939.21,296.21,690.01,800.51,551.8

1,190.6985.5

1,000.51,593.7

938.3

746.1722.8716.2750.2720.1

709.9563.2650.6694.7625.9

646.8906.1

1,033.1882.1643.8

675.5893.6

1,126.11,182.6

981.5

710.4564.3546.4894.3

77.1

64.667.687.1

118.9100.8

84.861.073.084.385.2

132.9148.6117.064.3

63.993.1

121.3130.6125.4

114.5101.888.3

132.7

Seasonally adjusted annual rates

192.9

187.4273.8383.3465.6464.9

445.1347.7417.5574.4612.7

616.7885.7

1,037.2820.5366.2

199.8309.5442.7487.3444.8

365.7319.4365.8566.6

585561607583622617

625651683716868842

1,1261,1031,0081,0011,1831,127

1,0321,1351,0311,0021,097972

708368658586

968790667979

10011710011796123

135

no11790133151

222267245263321207

464308361360414359

468564497388528486

637659516562525544

800820883880951924

1,065928

1,0291,1541,2271,326

1,4471,4791,4671,5361,6351,761

1,7821,6521,5061,6301,6421,549

448451475462489513

507515576657738753

866835859841940

1,013

920874837880911898

7273807610587

8588948795111

120114126141136147

137133130142142141

280296328342357324

473325359410394462

461530482554559601

725645539608589510

1 Units in structures built by private developers for sate upon completion to local public housing authorities under the Department ofHousing and Urban Development "Turnkey" program are classified as private housing. Military housing starts, including those financedwith mortgages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded fromtotal private starts.

2 Authorized by issuance of local building permit: in 16,000 permit-issuing places beginning 1978; in 14,000 places for 1972-77; in13,000 places for 1967-71; in 12,000 places for 1963-66; and in 10,000 places prior to 1963.

3 Not available separately beginning January 1970.Source: Department of Commerce, Bureau of the Census.

274


TABLE B-48.—Nonfarm business expenditures for new plant and equipment, 1947-84


Year or quarter

194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976 ,..197719781979

1980198119821983319843

1982:I11IllIV

1983:1ItIllIV3

1984:|3| | 3

Total

21.80254623.54

25 3230.83315933.5833.13

36 5844.7648.1242.1744.78

486347.82512853.2561.66

70 4382.2283 4288.4599.52

105 61108.53120 25137.70156.98

157 71171.45198.0823124270.46

295 63321.49316.43303.20333.32

326.9532187313J6303.18

293.03293 46304 70321.60

323.07325.42

Plant

8.4710 3810.19

11.0013.1113.1213.8314.09

16 0719.3920.9619.3919.92

20 9421.14221622.2825.01

27 3332.2732 2235.5440.59

44 2746.6849 3656.5864.30

65 2371.1280.1992 63

105.75

117 57133.35134.58

139.07137 52134 43127.32

125 40125 60130 59

Equip-ment

13.3315 0813.35

14.3217.7118.4619.7519.03

20.5125.3727.1622.7824.86

27 7026.68291230.9836.65

431049.95512152.9158.93

613361.8570 8981.1292.67

92 48100.33117.89138 60164.68

178 06188.14181.86

187.89184 34179 33175.86

167.62167 8617412

Plant and equipment

Manufacturing

Total

8.739 257.32

7 7311.07121212.4312.00

12 5016.3317 5012.9813.76

16 3615.5316 0317.2721.23

25 4131.3732 2532.3436.27

36 9933.6035 4242.3753.21

54 9259.9569.2279 7298.68

115 81126.79119.68111.18125.98

127.47122 76118 26110.23

109.86108 79111 12114.97

119.00120.96

Dura-ble

goods

3.393.542.67

3.225.125.755.715.49

5.878.198.596.216.72

8287.437 818.64

10.98

13 4917.2317 8317.9319.97

19 8016.7818 2222.7527.44

26 3328.4734.0440 4351.07

58 9161.8456.4451.4559.87

60.3958.2856 6150.51

50.7448.4853.0653.52

57.1858.09

Non-durablegoods

5.345 714.64

4.515.956 376.726.51

6 628.158916.777.04

8 088.108 228.63

10.25

119214.1514 4214.4016.31

171916.8217 2019.6225.76

28 5931.4735.1839 2947.61

56 9064.9563.2359.7466.11

67.0864 48616559.72

591260 3158 0661.45

61.8162.86

Total

13.07162116.22

17.5919.76194721.1621.13

24 0828.4330 6229.1931.02

32 2832.2935 2535.9940.43

45 0250.84511856.1163.25

68 6274.9384 8295.33

103.78

102 79111.50128.8715152171.77

179 81194.70196.75192.01207.34

199.4919911195 51192.95

183.17184.67193 59206.62

204.08204.47

Min-ing

0.69.93.88

.841.111211.251.29

1311.641.691.431.35

1.291.261.411.261.33

1.361.421381.441.77

2 022.672 883.314.62

6107.449.24

10 2111.38

13 5116.8615.4512.0013.48

17.4316.3814 5713.41

12.0310.9111.9313.14

12.2513.68

Nonmanufacturing

Transpor-tation

2.212.662.30

2.383.052.992.972.42

2 603.073.352.343.17

3.192.823.263.364.46

5.466.436.346.797.04

6 955.936727.418.23

8.688.899.40

10 6812.35

12 0912.0511.9511.2510.96

12.0012.1711.2912.33

11.0410.8811.0012.10

10.7811.42

Publicutili-ties

1.642.673.28

3.4?3.753.964.614.23

4.264.785.955.745.46

5.405.205.125.335.80

6.497.829.33

10.5211.70

13.0314.7016.2617.9719.83

19.9822.3726.7929.9533.96

35.4438.4041.9542.6244.17

40.3541.4543.0243.00

41.6141.4842.2245.17

41.8242.30

Tradeand

serv-ices1

6.136.927.13

8.378.838.058.949.59

11.4913.6413.6814.1115.40

16.1516.5318.2718.5720.38

22.1324.6923.0225.3128.31

29.7734.2040.0045.5347.79

46.2349.3056.5468.6679.26

81.7986.3386.9588.0296.35

87.8288.7486.8884.36

82.3885.8591.0692.79

96.9895.03

Com-munication

andother2

2.403.042.63

2.583.033.253.383.60

4.425.305.965.585.63

6.256.487.197.478.46

9.5810.4911.1112.0614.43

16.8517.4318.9621.1223.30

21.8023.5126.9032.0234.83

36.9941.0640.4638.1142.38

41.8740.3639.7539.84

36.1135.5437.3843.42

42.2542.03

1 Wholesale and retail trade; finance, insurance, and real estate; and personal, business, and professional services.2 "Other" consists of construction; social services and membership organizations; and forestry, fisheries, and agricultural services.3 Planned capital expenditures reported by business in late October-December 1983, corrected for biases.Source: Department of Commerce, Bureau of Economic Analysis.

275


TABLE B-49-—Sales and inventories in manufacturing and trade 1947-83

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

Total manufacturing andtrade

Sales1 Inven-tories2 Ratio3

Manufacturing

Sales1 Inven-tories2 Ratio3

Merchant wholesalers

Sates1 Inven-tories2 Ratio'

Retail trade

Sales1 Inven-tories2

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

1965 :..,1966196719681969

19701971197219731974

19751976197719781979

198019811982

1982:JanFehMarAprMayJune


1983:JanFebMarAprMay

JulyAugSept..OctNov P

35,26033,788

38,59643,35644,84047,98746,443

51,69454,06355,87954,20159,729

60,82761,15965,66268,99573,682

80,28387,18790,34898,104105,003

107,448116,017130,030153,412177,625

182,230204,277229,624260,307297,663

327,284356,099344,179

340,746345,687347,061344,934353,110349,742

347,676343,426342,882336,905338,722338,391

345,337341,490348,009351,100363,925373,572372,434374,358380,089382,209386,841

52,50749,497

59,82270,24272,37776,12273,175

79,51687,30489,05287,09392,129

94,71395,594101,063105,480111,503

120,907136,790144,796155,697169,343

177,556187,766201,950233,237285,807

288,375318,544351,036398,890450,736

492,885526,152511,942

523,647521,291520,440523,370519,119521,040

521,145521,257521,000519,797513,888511,942

507,550507,665503,222504,796505,658505,521

505,826510,430513,883515,999518,291

1.421.53

1.361.551.581.581.60

1.471.551.591.601.50

1.561.541.501.491.47

1.451.471.561.541.55

1.621.581.491.411.45

1.571.481.461.441.43

1.451.441.51

1.541.511.501.521.471.49

1.501.521.521.541.521.51

1.471.491.451.441.391.35

1.361.361.351.351.34

15,51317,31616,126

18,63421,71422,52924,84323,355

26,48027,74028,73627,24730,286

30,87930,92333,35735,05837,331

40,99544,87046,48750,22853,501

52,80555,90663,02372,93784,794

86,59598,802113,202126,905143,936

154,391168,129159,177

157,498160,740160,162159,118163,007163,120

162,417160,016160,458154,194154,318154,543

158,239158,081161,803163,065167,965173,920

172,598175,989178,590176,790181,029

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,24152,945

53,78054,88558,18660,04663,409

68,18577,95284,66490,61898,202

101,651102,658108,238124,628157,792

159,934175,193189,195210,415241,113

264,114282,333264,902

280,794280,941279,337278,468276,356274,912

274,629273,809271,675270,786267,920264,902

262,117260,856257,304257,397258,149257,390

258,176259,834260,021260,816260,988

1.581.571.75

1.481.661.781.761.81

1.621.731.801.841.70

1.751.741.701.691.64

1.601.621.761.741.77

1.901.831.671.581.65

1.841.691.611.571.57

1.661.641.73

1.781.751.741.751.701.69

1.691.711.691.761.741.71

1.661.651.591.581.541.48

1.501.481.461.481.44

6,8086,514

7,6958,5978,7829,0528,993

9,89310,51310,47510,25711,491

11,65611,98812,67413,38214,529

15,61116,98719,44820,84622,609

23,94326,25729,58438,01447,748

46,62350,69455,98766,11778,680

92,658100,67395,363

96,70696,89899,19897,34899,29098,019

95,79094,34192,52791,80691,91291,389

94,79092,24592,94392,58697,529100,479

100,315100,568102,297104,578103,831

7,9577,706

9,2849,88610,21010,68610,637

11,67813,26012,73012,73913,879

14,12014,48814,93616,04817,000

18,31720,76524,83326,13428,624

32,03835,04538,63345,37256,948

56,69764,07872,31185,68598,394

112,341116,986118,790

117,266115,029115,861119,423118,132119,828

119,854119,190119,537120,162118,349118,790

117,564116,417116,591117,498115,855115,630

115,745116,813118,410119,882119,555

1.131.19

1.071.161.121.171.18

1.131.191.231.241.15

1.221.201.161.151.14

1.151.151.241.231.22

1.271.271.241.111.07

1.211.191.211.201.18

1.141.131.24

1.211.191.171.231.191.22

1.251.261.291.311.291.30

1.241.261.251.271.191.15

1.151.161.161.151.15

10,20011,13511,149

12,26813,04613,52914,09114,095

15,32115,81116,66716,69617,951

18,29418,24919,63020,55621,823

23,67725,33024,41327,03028,893

30,70033,85337,42242,46245,082

49,01254,78160,43567,28675,047

80,23587,29889,640

86,54288,04987,701

90,81388,603

89,46989,06989,89790,90592,49292,459

92,30891,16493,26395,44998,43199,173

99,52197,80199,202

100,841101,981

14,24116,00715,470

19,46021,05021,03121,48820,926

22,76923,40224,45124,11325,305

26,81326,22127,94129,38631,094

34,40538,07335,29938,94542,517

43,86750,06355,07963,23771,067

71,74479,27389,530

102,790111,229

116,430126,833128,250

125,587125,321125,242125,479124,631126,300

126,662128,258129,788128,849127,619128,250

127,869130,392129,327129,901131,654132,501

131,905133,783135,452135,301137,748

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Inventory/sales ratio. For annual pew

inventories at end of month to sales for month.average inventories to average monthly sales; for monthly data, ratio of

Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale andretail trade.

The inventory figures in this table do not agree with the estimates of change in business inventories included in the gross nationalproduct since these figures cover only manufacturing and trade rather than allijusiness, and show inventories in terms of current bookvalue without adjustment for revaluation.


276


TABLE B-50.—Manufacturers' shipments and inventories, 1947-83

[Millions of dollars; monthly data seasonally adjusted]

Shipments'

Total

Dura-ble

goodsindus-tries

Non-durablegoodsindus-tries

Inventories2

Total

Durable goods industries

TotalMate-

rials andsupplies

Workin

proc-Finished

goods

Nondurable goods industries

TotalMate-

rials andsupplies

Workin

proc-ess

Finishedgoods

15,51317,31616,12618,63421,71422,52924,84323,355

26,48027,74028,73627,24730,286

30,87930,92333,35735,05837,331

40,99544,87046,48750,22853,50152,80555,90663,02372,93784,794

86,59598,802113,202126,905143,936154,391168,129159,177

157,498160,740160,162159,118163,007163,120162,417160,016160,458154,194154,318154,543

158,239158,081161,803163,065167,965173,920

172,598175,989178,590176,790181,029

6,6947,5797,191

8,84510,49311,31313,34911,82814,07114,71515,23713,56315,609

15,88315,61617,26218,28019,63722,22124,64925,26727,65929,437

28,18829,95434,02439,68644,228

43,65650,68959,26767,84876,06077,55083,87276,843

76,46378,52578,73077,80879,68079,197

78,85677,25076,41972,47873,00573,495

77,74477,76979,59580,24182,66986,582

85,64687,91888,97088,22892,191

8,8199,7388,935

9,78911,22111,21611,49411,527

12,40913,02513,49913,68414,677

14,99615,30716,09516,77817,69418,77420,22021,22022,57024,064

24,61725,95229,00033,25040,567

42,93948,11353,93559,05767,87676,84184,25782,334

81,03582,21581,43281,31083,32783,923

83,56182,76684,03981,71681,31381,048

80,49580,31282,20882,82485,29687,338

86,95288,07189,62088,56288,838

25,89728,54326,321

31,07839,30641,13643,94841,61245,06950,64251,87150,24152,945

53,78054,88558,18660,04663,40968,18577,95284,66490,61898,202

101,651102,658108,238124,628157,792

159,934175,193189,195210,415241,113264,114282,333264,902

280,794280,941279,337278,468276,356274,912

274,629273,809271,675270,786267,920264,902

262,117260,856257,304257,397258,149257,390

258,176259,834260,021260,816260,988

13,06114,66213,060

15,53920,99123,73125,87823,710

26,40530,44731,72830,25832,07732,37132,54434,63235,86638,506

42,25749,92055,00558,87564,739

66,78066,28970,25081,398

101,739102,874112,581121,575137,834160,554

174,547186,222175,200

185,238185,200184,319184,053183,378182,811182,099181,543180,520179,675177,061175,200

172,506171,572169,377169,814170,734169,840

169,693170,576170,385170,628170,934

8,9667,8949,19410,41710,60810,03210,776

10,35310,27910,81011,06811,97013,32515,48916,45517,37618,693

19,18219,75920,86026,02835,151

33,92037,54840,25645,21152,67855,13757,95352,543

57,71057r54156,68456,53855,88955,61855,35454,92754,35553,96953,10052,543

51,45351,41050,01650,26850,58250,333

50,13750,84951,00651,01651,389

10,7209,721

10,75612,31712,83712,38713,06312,77213,20314,15914,87116,191

18,07521,93925,00527,33630,408

29,84828,65030,78835,54542,603

43,36946,34550,59958,66469,314

76,99981,10777,908

80,51280,47380,24680,08079,89079,80279,04478,89178,77678,97378,30877,908

77,14176,42075,89676,01876,68675,928

76,08176,11676,27076,85776,619

6,2066,0406,3487,5658,1257,8398,239

9,2459,0639,6629,92510,34410,85412,49113,54714,16315,639

17,75117,88018,60119,82323,985

25,58628,69030,72033,95938,562

42,41147,16244,749

47,01647,18647,38947,43547,59947,39147,70147,72547,38946,73345,65344,749

43,91243,74243,46543,52843,46643,579

43,47543,61143,10942,75542,926

12,83613,88113,261

15,53918,31517,40518,07017,90218,66420,19520,14319,98320,868

21,40922,34123,55424,18024,903

25,92828,03229,65931,74333,46334,87136,36837,98843,23056,053

57,06062,61267,62072,58180,55989,56796,11189,702

95,55695,74195,01894,41592,97892,10192,53092,26691,15591,11190,85989,702

89,61189,28487,92787,58387,41587,550

88,48389,25889,63690,18890,054

8,3178,167

8,5568,9718,7758,6629,080

9,0829,4939,8139,978

10,131

10,44811,15511,71512,28912,724

13,15013,68314,67618,13223,699

23,54225,83327,40129,31232,477

36,19437,72635,140

37,63037,65337,13337,28936,99036,632

36,64636,38935,80135,46535,50935,140

35,36035,25734,81534,72234,59234,989

35,03135,81436,17636,11636,115

2,4722,4402,5712,7212,8642,8282,944

2,9463,1103,2963,4063,511

3,8064,2044,4214,8485,122

5,2745,6655,9826,7078,175

8,8379,933

10,99611,92113,750

15,70415,99514,241

15,80415,49715,37515,37315,26715,301

15,36415,30614,94914,77214,60814,241

14,37814,47714,16414,34714,17414,206

14,44114,44014,47714,70814,813

7,4097,415

7,6668,6228,6248,4918,845

9,3809,738

10,44410,79611,261

11,67412,67313,52314,60615,617

16,44817,01917,33018,39124,179

24,68126,84629,22331,34834,332

37,66942,39040,321

42,12242,59142,51041,75340,72140,168

40,52040,57140,40540,87440,74240,321

39,87339,55038,94838,51438,64938,355

39,01139,00438,98339,36439,126

1 Monthly average for year and total for month.2 Book value, seasonally adjusted, end of period.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.

277


TABLE B-51.—Manufacturers' new and unfilled orders, 1947-83

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

New orders1

Total

Durable goodsindustries

Total

Capitalgoodsindus-tries,non-

defense

Non-durablegoods

industries

Unfilled orders2

TotalDurablegoods

industries

Non-durablegoods

industries

Unfilled orders—shipmentsratio3

TotalDurablegoods

industries

194719481949195019511952195319541955195619571958195919601961196219631964

19651966196719681969

19701971197219731974

197519761977197819791980198119821982:JanFebMar

(Jayi;June....JulyAugSept....OctNovDec

1983:JanFebMar

ft::::June....JulyAugSept....OctNov

15,25617,69315,614

20,11023,90723,20423,58622,335

27,46528,36827,55927,00230,724

30,23531,10433,43635,52438,357

42,10046,40247,05650,68753,950

52,03855,98364,16776,25987,26885,14999,543115,061131,616147,466156,142167,924157,371

157,694159,115159,576157,846159,466159,986158,913155,700156,572152,362152,604157,382

162,871157,757162,587166,025169,874178,489

175,455178,302180,961181,802185,484

6,3888,1266,63310,16512,84112,06112,14710,768

14,99615,36514,11113,29016,003

15,30315,75917,37418,70920,652

23,27826,17725,82528,11629,871

27,38829,99835,06442,93046,85342,01951,39861,11172,40979,51379,34183,72575,103

76,69577,35778,17676,73676,35376,15775,56372,96572,34870,73571,06776,180

82,35577,44979,95183,10184,45690,905

88,23489,97890,99693,36696,524

6,9037,660

6,7387,4448,62210,97112,67311,01112,79915,29119,45823,231

23,25924,05920,687

21,86022,40721,70822,80620,30619,93219,93118,74120,21720,12719,98319,679

20,50719,17520,03222,59222,22824,289

21,58023,02825,21326,00324,436

8,8689,5668,981

9,94511,06611,14311,43911,566

12,46913,00313,44813,71214,720

14,93215,34516,06116,81517,70518,82320,22521,23122,57124,079

24,65025,98629,10433,33040,415

43,13048,14553,95059,20767,95376,80184,19982,268

80,99881,75881,40081,11083,11383,82983,35082,73584,22481,62781,53781,202

80,51680,30882,63682,92485,41887,584

87,22188,32489,96588,43688,960

34,47330,73624,04541,45667,26675,85761,17848,266

60,00467,37553,18347,37052,732

45,08047,40748,57754,32766,88280,07198,401104,547109,926115,422

106,158107,147121,061161,256191,102

173,829182,499205,675262,671305,453325,908323,346300,971

323,542321,917321,331320,059316,518313,384309,880305,564301,678299,846298,132300,971

305,599305,268306,053309,015310,922315,488

318,348320,664323,032328,041332,498

28,57926,61919,622

35,43563,39472,68058,63745,250

56,24163,88050,35244,55949,37342,51444,37545,96551,27063,691

76,29894,575100,576105,950111,250

101,566102,119114,725153,876185,560

165,930174,211197,215252,385294,230315,185313,337291,764

313,570312,402311,848310,776307,449304,409301,116296,831292,760291,017289,079291,764

296,374296,049296,407299,270301,053305,374

307,963310,024312,048317,185321,520

5,8944,1174,4236,0213,8723,1772,5413,016

3,7633,4952,8312,8113,359

2,5663,0322,6123,0573,1913,7733,8263,9713,9764,1724,5925,0276,3367,3805,542

7,8988,2888,460

10,28611,223

10,72310,0099,207

9,9729,5159,4839,2839,0698,975

8,7648,7338,9188,8299,0539,207

9,2259,2199,6469,7459,86910,114

10,38510,64010,98410,85610,978

3.42

3.633.873.353.093.01

2.782.632.692.803.10

3.333.813.703.853.75

3.653.383.313.914.19

3.803.343,313.643.92

3.853.823.81

3.933.843.823.883.773,77

3.753.763.713.853.803.81

3.753.793.683.693.643.55

3.603.583.543.603.53

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes, industries with no unfilled orders. Annual figures relate

to seasonally adjusted data for December.

Note.—Data beginning 1958 are not strictly comparable with earlier data.


278


PRICESTABLE B-52.—Consumer price indexes, major expenditure classes, 2946-83

[1967=100]

Year ormonth

Allitems

Food and

Total l Food

Housing

Total2 ShelterFuel and

otherutilities»

House-hold

furnish-ingsand

oper-ation ^

Appareland

upkeep

Trans-portation

Medicalcare

Enter-tainment

Othergoods

andservices

Ener-gy 3

1946194719481949

1950195119521953195419551956195719581959

58.566.972.171.4

72.177.879.580.1

1960196119621963196419651966196719681969

1970,1971,1972.1973197419751976197719781979

1980198119821983

1982:Jan..Feb..Mar...

May"MayJune


1983:JanFebMar

MayJune

JulyAugSept

NovDec

80.580.281.484.386.687.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4

282.5283.4283.1284.3287.1290.6

292.2292.8293.3294.1293.6292.4

293.1293.2293.4295.5297.1298.1

299.3300.3301.8302.6303.1303.5

100.0103.6108.8

114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5

248.0267.3278.2284.4

273.6275.8275.6276.5278.1280.2

280.8279.9280.1279.6279.1279.1

280.7281.6283.2284.6285.0284.7

2847284.9285.3285.7285.3286.5

58.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

254.6274.6285.7291.7

281.0283.3283.0283.9285.5287.8

288.5287.4287.6287.0286.4286.5

288.1289.0290.5291.9292.4292.0

292.0292.2292.6292.9292.5293.9

60.665.2

70.9

72.877.278.780.881.782.383.686.287.788.6

90.290.991.792.793.894.997.2

100.0104.0110.4

118.2123.4128.1133.7148.8164.5174.6186.5202.3227.6

263.3293.5314.7323.1

306.1307.3306.7309.4313.8317.5

319.2320.1319.7320.7319.0316.3

317.9318.5318.6320.3321.8323.1

324.5324.8326.4326.8327.0327.4

76.578.279.180.483.485.186.0

87.888.589.690.792.293.896.8

100.0104.8113.3

123.6128.8134.5140.7154.4169.7179.0191.1210.4239.7

281.7314.7337.0344.8

328.3329.5327.6331.4336.7340.9

342.8344.2342.6342.8340.7335.9

338.3339.2339.3341.7342.7343.6

345.3346.6348.5349.8351.1351.8

83.083.585.187.389.991.793.8

95.997.197.398.298.498.398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3

278.6319.2350.8370.3

336.2337.1339.3339.2345.4352.2

354.7356.3359.5363.4362.2364.1

365.4364.6363.8363.6369.3373.6

375.5375.1376.4374.4371.3370.6

91.390.989.989.991.992.393.1

93.893.793.894.695.095.397.0

100.0103.8107.7

111.5115.7118.3121.6135.3151.0160.1167.5177.7190.3205.4221.3233.2238.5

228.4230.2231.6232.6233.4233.7

234.1233.4234.2235.4235.1235.7

235.8236.7237.6239.0238.4238.6

238.9238.0238.9349.4239.9240.5

67.578.283.380.1

79.086.185.384.684.584.185.887.387.588.2

89.690.490.991.992.793.796.1

100.0105.4111.5

116.1119.8122.3126.8136.2142.3147.6154.2159.6166.6

178.4186.9191.8196.5

187.3188.0191.1191.9191.5190.8

189.7191.8194.9195.5195.4193.6

191.0192.0194.5195.5196.1195.6

195.0197.3200.4200.7200.7199.3

50.355.561.866.4

68.272.577.379.578.377.478.883.386.089.6

89.690.692.593.094.395.997.2

100.0103.2107.2

112.7118.6119.9123.8137.7150.6165.5177.2185.5212.0

249.7280.0291.5298.4

289.9288.0285.1282.9285.6292.8

296.1296.2295.3295.5295.8294.8

293.0289.9287.4292.3296.2298.3

300.4302.4303.7305.0306.3306.3

44.448.151.152.7

53.756.359.361.463.464.867.269.973.276.4

79.181.483.585.687.389.593.4

100.0106.1113.4

120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7

265.9294.5328.7357.3

313.4316.2318.8321.7323.8326.4

330.0333.3336.0338.7342.2344.3

347.8351.3352.3353.5354.3355.4

357.7360.0361.2362.9364.9366.2

100.0105.7111.0

116.7122.9126.5130.0139.8152.2159.8167.7176.6188.5

205.3221.4235.8246.0

229.2231.2232.8233.9234.4235.6

236.6237.4238.3240.3239.9240.1

241.5243.1244.6244.6244.8245.4

246.0246.6247.5249.1249.5249.5

100.0105.2110.4

116.8122.4127.5132.5142.0153.9162.7172.2183.3196.7

214.5235.7259.9288.3

248.4250.3252.2253.8255.0255.8

257.2258.3266.6271.2273.8276.6

279.9281.6281.9283.2283.6284.5

287.5289.0294.4296.8298.1298.6

90.190.391.8

94.294.494.795.094.696.397.8

100.0101.5104.2

107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9

361.1410.0416.1419.3

416.4413.0406.1395.7402.1418.6

424.5424.5424.2425.0422.6419.9

414.5406.7399.9410.0421.3427.3

430.1429.8429.3425.1419.9418.0

1 Includes alcoholic beverages, not shown separately.2 Series beginning 1967 not comparable with series for earlier years.3 See tables B-53 and B-54.

Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with

earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.


279


TABLE B-53.—Consumer price indexes, selected expenditure classes, 1946-83

[1967-100]

Year or month

Food and beverages

Tota l l

Food

Total homeAwayfromhome

Shelter

Total

Renters' costs

TotalRent,resi-

dential

Home-owners'

Mainte-nanceand

Fuel and other utilities

Total

Household fuels

Total

Fuel oil,coal,and

bottledgas

(piN)and

electric-ity

194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831982:

Jan

Mar...

MayJuneJulyAugSeptOctNovDec

1983:JanFebMarAprMayJuneJulyA 8SeptOctNovDec

100.0103.6108.8114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5248.0267.3278.2284.4

273.6275.8275.6276.5278.1280.2280.8279.9280.1279.6279.1279.1

280.7281.6283.2284.6285.0284.7

284.7284.9285.3285.7285.3286.5

58.170.676.673.574.582.884.383.082.881.682.284.988.587.1

89.991.292.494.499.1

100.0103.6108.9

114.9113.4123.5141.4161.7175.4180.8192,2211.4234.5

254.6274.6285.7291.7

281.0283.3283.0283.9285.5287.8288.5287.4287.6287.0286.4286.5

288.1289.0290.5291.9292.4292.0292.0292.2292.6292.9292.5293.9

73.579.876.777.6S6.387.886.285.884:184.487.291.0

89.690.491.092.293.295.5

100.3100.0103.2108.2

113.7116.4121.6141.4162.4175.8179.5190.2210.2232.9251.5269.9279.2282.2

275.3278.0277.1277.9279.8282.6282.8280.8280.6279.4278.3277.8

279.3280.3281.9283.4283.8283.0282.8282.5282.5282.3281.4283.0

59.261.165.168.0

68.970.170.872.274.977.279.3

81.483.285.487.388.990.995.1

100.0105.2111.6

119.9126.1131.1141.4159.4174.3186.1200.3218.4242.9

267.0291.0306.5319.9

299.3301.2302.4303.6304.8305.9307.6308.7309.8310.7311.4312.6

314.5315.2316.5318.0318.6319.3319.8321.0322.2323.9324.8325.5

76.578.279.180.483.485.186.0

87.888.589.690.792.293.896.8

100.0104.8113.3

123.6128.8134.5140.7154.4169.7179.0191.1210.4239.7281.7314.7337.0344.8

328.3329.5327.6331.4336.7340.9342.8344.2342.6342.8340.7335.9

338.3339.2339.3341.7342.7343.6

345.3346.6348.5349.8351.1351.8

70.473.276.280.383.284.385.987.589.190.491.792.994.095.095.996.998.2

100.0102.4105.7

110.1115.2119.2124.3130.6137.3144.7153.5164.0

103.0

100.0

100.8101.2101.4101.8102.2102.5

103.1103.7104.4104.8105.0105.1

176.0191.6208.2224.0236.9

217.8218.6219.6220.1221.8222.6224.8226.0226.9228.9230.2230.8

102.5

232.2233.1233.6234.5235.1235.9237.1238.2239.5240.4241.3242.0

100.0

100.7100.9100.9101.7102.0102.2

102.7103.0103.5103.9104.3104.5

71.272.474.177.280.581.883.2

84.685.986.587.789.591.395.2

100.0106.1115.0

124.01337140.7151.0171.6187.6199.6214.7233.0256.4

285.7314.4334.1346.3

326.7328.2327.2331.6334.5336.1334.7335.9338.4339.4339.0337.8

342.9339.4339.9343.6344.3345.1

346.1347.9346.6351.1353.4354.7

83.083.585.187.389.991.793.8

95.997.197.398.298.498.398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3278.6319.2350.8370.3

336.2337.1339.3339.2345.4352.2354.7356.3359.5363.4362.2364.1

365.4364.6363.8363.6369.3373.6375.5375.1376.4374.4371.3370.6

100.0101.4103.4107.9115.3120.1128.4160.7183.8202.3228.6247.4286.4

349.4407.0446.2469.2

426.9427.6430.5428.2438.0448.4452.0454.0458.5464.5461,9464.0

463.5461.5459.7459.2468.3475.2477.7476.5478.3474.4468.1467.4

51.358.468.670.372.776.578.081.581.282.385.990.388.789.8

89.291.091.593.2S2.794.697.0

100.0103.1105.6110.1117.5118.5136.0214.6235.3250.8283.4298.3403.1556.0675.9667.9628.0

686.0683.1664.0641.3644.6

. 656.6659.9659.9662.8677.2691.3688.5

671.1654.0625.3610.6621.0620.0

619.3619.0623.2624.7623.9623.9


280


TABLE B-53.—Consumer price indexes, selected expenditure classes, 1946-83—Continued

[1967=100]

Year or month

194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831982: '

JanFebMarAprMayJune...:::::...:::::::::::::::::::::::JulyAugSeptoct!.::::::::::::::::;:::NovDec

1983:JanFebMarAprMayJuneJulyHUESeptOctNovDec

Transportation

Total

50.355.561866.468.272.577 379.578.377 478.883.386.089.689.690 692.593.094.395.997.2100 0103.2107.2112.7118 6119.9123 8137.7150 6165 5177.2185 5212.0249.7280 0291.5298.4

289 9288.02851282 9285 6292.82961296 2295 3295.5295.8294.8

293 0289.9287.4292.3296 2298.3300 4302 4303 7305.0306.3306.3

Total2

54.361.568 272.372.575.880.882.480.378.980.184.787.491.190.691.393.093.494.796.397.5100.0103.0106.5111.1116.6117.5121.5136.6149.8164 6176.6185.0212.3249.2277 5287.5293.9

286.6284.5281.3278.82815288.9292.3292.42911291.1291.4290.4

288 4285.2282.7287.5291.7293.8296 0298 0299 2300.4301.7301.8

Private transportatiof

N e wcars

69.2"75 682.883.487.494 995.894.390 993.598 4101.5105.9104.5104 5104.1103.5103.2100.999.1100 0102.8104.4107.6112 0111.0111 1117.5127 6135 7142.9153 8166.0179.3190 2197.6202.6

197 4195.5194 4196 0197 5198.1198 6198 7197 7197.7199.0200.1

2010201.3201.2201.12016201.620142021202 7204.3206.2207.0

Usedcars

89.275.971.869.177.480.289.583.686 994.896.0100.199.497.0100.0

104.3110 2110.5117 6122.6146 4167 9182.8186.5201.0208.1256 9296.4329.7

280.5279.7280.928512914298.2302.4304 4304 6306.7310.5312.6

3110309.1309.3312.7317.1322.7329 6336 8343 9350.4356.1357.6

Motorfuel3

54.962.270 472.371.873.975 880.382 583 686.590 088.889.992 591491.991.891.494.997.0100 0101.4104.7105.6106 3107.61181159.9170 8177 9188.2196 3265.6369.1410 9389.4376.4

4061399.2384 1366 9370 6392.4400 2398 4394 2390.7388.3381.7

372 2359.7348.8367.6380 7385.9389 0389 4387 0382.5378.3375.4

l

Auto-mobilemainte-nanceand

repair

52.056.459 661.162.367.068.672.374.876 579.582 483.785.587.289 390.491.692.894.596.2100 0105.5112.2120.6129.2135.1142 2156.8176 6189 7203.7220 6242.6268.3293 6315.8330.0

305.5307.7310.2311.9313 6316.0318.0319.2320 6321.9322.3323.1

324 4325.9326.6327.4328.7329.5329 83310332 3333.5335.2335.4

Other

100 0103.4109.7119.2128 4129.1127 8132.414121631177.3184 6198.6222.62413257.8260.8

253 3253.4254.52551255 7258.7260 8260 8260 0261.4260.7259.6

259 9259.7259.2258.4258 7258.1258 6260 0260 8263.3265.6266.8

Publictranspor-tation

34.436.040 745.248.954.057 561.365 567 470.011176.178.381.084 687.488.590.191.995.2100 0104.6112.7128.5137 7143.4144 8148.0158.6174 2182.4187.8200.3251.6312 0346.0362.6

334 9336.8336.7339.33421345.6347.2348.1353 3356.3356.0355.6

357.7355.2354.5361.1359.2361.2363.2365.0366.6368.2370.3369.0

Medical care

Total

44.448.151152.753.756.359.361.463.464 867.269 973.276.479.181483.585.687.389.593.4100.0106.1113.4120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7265.9294.5328.7357.3

313.4316.2318.8321.7323.8326.4330.0333.3336.0338.7342.2344.3

347.8351.3352.3353.5354.3355.4357.7360.0361.2362.9364.9366.2

Medicalcarecom-

modities

76.281.886.187.488.591.091.892.693.794.796.799.3102.8104.4104.5103 3101.7100.8100.5100.2100.5100.0100.2101.3103.6105.4105.6105.9109.6118.8126.0134.1143.5153.8168.1186.5205.7223.3

195.9197.7200.0202.4204.1205.6206.5208.2209.9211.6212.9213.7

215.3216.7218.6221.2222.5223.2224.2225.4226.3227.5228.9229.9

Medi-calcareserv-ices

40.143.546 448.149.251.755.057.058.760 462.865 568.772.074.977 780.282.684.687.392.01000107.3116.0124.2133.3138.2144.3159.1179.1197.1216.7235.4258.3287.4318.2356.0387.0

339.4342.4345.1348.0350.2353.0357.3361.0364.0366.9371.0373.4

377.4381.5382.2382.8383.5384.6387.2389.8391.0392.9395.0396.2

1 Includes alcoholic beverages, not shown separately.2 Includes direct pricing of new trucks and motorcycles, beginning September 1982.3 Includes direct pricing of diesel fuel and gasohol beginning September 1981.* Not available.Note.—Data beginning id78 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with

earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.Source: Department of Labor, 8ureau of labor Statistics.

281


TABLE B-54.—Consumer price indexes, commodities, services, and special groups, 1939-83

[1967=100]

Year ormonth

Allitems

Commodities

Ailcom-

moditiesFood

Commodities less food

All DurableNon-

durable

Services

Allservices

Medi-cal

careserv-ices

Serv-icesless

medi-cal

care

Special indexes

Allitemslessfood

Allitemsless

energy

Allitemslessfoodand

ener-gy

Ener-gy1

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972.19731974.1975.1976.1977.1978.1979.

1980.1981.1982.1983.

1982:JanFebMar....AprApiMalay...,June,.,

July...,Aug...,Sept..OctNov...Dec...,

1983:JanFebMar...

J&jZ.June..July...Aug...Sept..Oct....Nov...Dec...

41.6

42.044.148.851.852.753.958.566.972.171.4

72.177.879.580.180.580.281.484.386.687.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4

282.5283.4283.1284.3287.1290.6

292.2292.8293.3294.1293.6292.4

293.1293.2293.4295.5297.1298.1299.3300.3301.8302.6303.1303.5

40.2

40,643.349.654.054.756.362.475.080.478.3

78.885.987.086.785.985.185.988.690.690.7

91.592.092.893.694.695.798.2

100.0103.7108.4

113.5117.4120.9129.9145.5158.4165.2174.7187.1208.4

233.9253.6263.8271.5

258.8259.5258.8258.9261.5265.1

266.5266.4266.6267.5267.8267.7

267.2266.7266.7269.2270.9271.6272.5273.4274.5275.0275.2275.5

34.6

35.238.445.150.349.650.758.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

254.6274.6285.7291.7

281.0283.3283.0283.9285.5287.8

288.5287.4287.6287.0286.4286.5

288.1289.0290.5291.9292.4292.0292.0292.2292.6292.9292.5293.9

47.7

48.050.456.058.461.664.168.176.882.781.5

81.487.588.388.587.586.987.890.591.592.7

93.193.494.194.895.696.297.5

100.0103.7108.1

112.5116.8119.4123.5136.6149.1156.6165.1174.7195.1

222.0241.2250.9259.0

245.9246.0245.2245.0247.8251.9

253.5253.8253.9255.4256.0255.8

254.4253.2252.4255.4257.6258.9260.2261.4262.9263.6264.1263.8

48.5

48.151.458.460.365.970.974.180.386.287.4

88.495.196.495.793.391.591.594.495.997.3

96.796.697.697.998.898.498.5

100.0103.1107.0

111.8116.5118.9121.9130.6145.5154.3163.2173.9191.1

210.4227.1241.1253.0

233.4233.7233.5235.8239.8243.2

244.7244.6244.1246.0246.6247.3

247.3247.1247.4248.7249.5251.2252.9254.3256.4258.7261.0261.8

44.3

44.746.751.653.856.658.662.972.277.876.3

76.282.082.483.183.583.585.387.688.289.3

90.791.291.892.793.594.897.0

100.0104.1108.8

113.1117.0119.8124.8140.9151.7158.3166.5174,3198.7

235.2257.5261.6266.3

260.2260.1258.4255.0256.2261.2

263.0263.6264.6265.7266.1264.7

262.4260.5258.9263.0266.3267.3268.4269.6270.6270.2269.5268.5

43.5

43.644.245.646.447.548.249.151.154.356.9

58.761.864.567.369.570.972.775.678.580.8

83.585.286.888.590.292.295.8

100.0105.2112.5

121.6128.4133.3139.1152.1166.6180.4194.3210.9234.2

270.3305.7333.3344.9

323.9325.3325.5328.4331.8334.9

337.0338.9339.7340.3338.6335.6

337.9338.9339.4341.2342.6344.0345.6346.8349.0350.2351.0351.6

32.5

32.532.733.735.436.937.940.143.546.448.1

49.251.755.057.058.760.462.865.568.772.0

74.977.780.282.684.687.392.0

100.0107.3116.0

124.2133.3138.2144.3159.1179.1197.1216.7235.4258.3

287.4318.2356.0387.0

339.4342.4345.1348.0350.2353.0

357.3361.0364.0366.9371.0373.4

377.4381.5382.2382.8383.5384.6387.2389.8391.0392.9395.0396.3

47.2

77.680.482.5

85.286.788.189.691.293.296.4

100.00104.9112.0

121.3127.7132.6138.3151.0164.7177.7190.6206.9230.1

266.6302.2328.6338.1

320.0321.1321.1324.0327.5330.7

332.5334.1334.8335.1332.9329.3

331.4332.2332.7334.5336.0337.4338.9339.9342.2343.3344.1344.5

47.348.752.153.655.756.959.464.969.670.3

71.175.777.579.079.579.781.183.885.787.3

88.889.790.892.093.294.596.7

100.0104.4110.1

116.7122.1125.8130.7143.7157.1167.5178.4191.2213.0

244.0270.6288.4298.3

281.4282.1281.7282.9286.0289.7

291.5292.5292.9294.0293.6292.1

292.6292.6292.4294.7296.5297.8299.3300.5302.3303.2303.9304.0

83.986.387.0

88.389.390.491.692.994.397.3

100.0104.4110.3

117.0122.0126.1133.8146.9160.2169.2179.8193.8213.1

238.0261.7279.3289.3

272.1273.4273.6275.7278.3280.7

282.C282.7283.1284.0283.6282.5

283.8284.7285.6287.0287.6288.2289.2290.3292.1293.4294.4295.0

83.385.287.0

88.389.390.591.693.094.396.6

100.0104.6110.7

117.6123.1126.9131.3142.2155.3165.5175.8188.7207.0

232.8257.1276.1287.0

268,5269.5269.8272.2274.9277.3

278.7279.8280.4281.5281.2279.9

281.1282.0282.6284.0284.7285.5286.8288.2290.2291.8293.2293.6

90.190.391.8

94.294.494.795.094.696.397.8

100.0101.5104.2

107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9

361.1410.0416.1419.3

416.4413.0406.1395.7402.1418.6

424.5424.5424.2425.0422.6419.9

414.5406.7399.9410.0421.3427.3430.1429.8429.3425.1419.9418.0

1 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with

earlier figures. See Economic Report of the President, February 1983 for homeownership costs as measured prior to 1983.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-55.—Changes in consumer price indexes, 1958-83

[Percent change]

Year or month

1958195919601961196219631964196519661967196819691970197119721973197419751976197719781979

1980198119821983

1982:JanFebMarAprMayJune ..JulyAygSeptOct .NovDec

1983:Jan ..Feb .MarAprMayJune ..JulyAugSeptOctNovDec

All items

Dec.to

Dec1

1.81.51.5

71.216li2193.430476.15.5343.488

12.27.04.86.890

13.3

12.48.93.93.8

Yearto

Year

27.8

1.6101.1121.3172.929425459433362

11.0915.86577

113

13.510 46.13.2

All items lessfood

Dec.to

Dec1

1.62.31.0111.2161.0163.3354.95.76.5313.056

12.27.16.26.385

14.0

12.99.94.04.1

Yearto

Year

2.31.91.7101.2131.3142.3344.45.56.04.63.03.99.99.36.66.57.2

11.4

14.610.96.63.4

All items lessenergy

Dec.to

Dec1

191.41.4

81.2181.3193.531496.45.6333.583

11.56.74.66.892

11.1

11.7864.24.4

Yearto

Year

2.9.8

1.5111.2131.4153.2284.45.76.14.33.46.19.89.15.66.37.8

10.0

11.710.06.73.6

All items fessfood andenergy

Dec.to

Dec1

1.82.2

.8151.1181.2153.33 95.16.16.63.13.04.7

11.36.76.16.48.5

11.3

12.19.64.54.9

Yearto

Year

232.11.5111.3121.5142.435465.86.2473.1358.39.26.66,2739.7

12.510.47.43.9

All items less food,energy, and shelter

Dec.to

Dec1

4.65.05.73.22.63.5

11.36.47.05.26.57.2

9.99.46.15.0

Yearto

Year

4.64.85.14.92.43.07.68.97.06.05.76.9

8.89.57.75.2

Change from preceding month

Unad-justed

0.4

- i l.4

1.01.2.6

2

-2-A

2.0.1.7.5

.4

.3

.5

i2.1

Sea-sonally

ad-justed

0.3.1o.2

1.01.1.6.3.1.40

2- . 2

.1

.5

.2

.4

.4

.5

.4

.3

.3

Unad-justed

0.2.2

".41.11.3.6.3.1.4

- . 1

20

—1

.6

.4

.5

ie

io

Sea-sonally

ad-justed

0.20

- . 1.2

1.11.2.6.4.1.4

- . 0

3- . 3

i6.6

.5

isi4.2

Unad-justed

0.4

i l.8.9.9.5.2.1.3

4

5.3

.2

.2

.3

.4

.6

.4

.3

.2

Sea-sonally

ad-justed

0.4.5.1

i8.7.5.4.2.2

-'.2

4.3

i4.3

.4

.4

.4

.5

.4

.3

Unad-justed

0.2

.91.0

.9

.5

.4

.2

.4- . 1

4.3

isi3.5.5

'.6

Sea-sonally

ad-justed

0.4.5.1

.8

.8

.6

.4

.1

.2

*2

5

i2.4.3.3.6.5

.5A.3

Unad-justed

0.3.4.7.7

i6.4

i8.6.3

3.4.4.4.2

.4

.5

'.6.5.1

Sea-sonally

ad-justed

0.5.4.6.5

.5

i4.S

i5

5.4.3

'.2A.6.5

'.6.4.3

1 Changes from December to December are based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with


283


TABLE B-56.—Changes in consumer price indexes, commodities and services, 1948-83

[Percent change]

Year ormnn+h

19481949195019511952... .19531954...1955195619571958 . .1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983

Alt items

Dec.to

Dec.1

2.7- 1 . 8

5859

.965.4

293.0181.515.7

121.61.2193.4304.76.15.53.4348.8

12.27.04.86.89.0

13.312.48.93.93.8

Yearto

year

7.8- 1 . 0

1.0792.2

8.5

- . 4153.627

.8161.0111.21.3172.9294.25.45.94.3336.2

11.09.15.86.57.7

11.313.510.46.13.2

Commodities

Total

Dec.to

Dec1

1.7-4 .1

7.759

- . 76

- 1 . 4- . 4262.613.6

110101.4.8

162.5253.85.54.02.934

10.412.76.33.36.18.9

13,011.16.03.62.9

Yearto

year

7.2- 2 . 6

.6901.3

- 3- . 9- . 9

93.123

.19

.9

.91.11.22.6183.74.54.73.43 07.4

12.08.94.35.87.1

11.412.28.44.02.9

Food

Dec.to

Dec.1

- 0 . 8- 3 . 7

9.674

- 1 . 113

- 1 . 6- . 9312.822

- . 831

- . 91.51.91.4343.9124.37.22.24.347

20.112.26.5

.68.0

11.810.210.24.33.12.6

Yearto

year

8.5- 4 . 0

1.411.11.8

- 1 5

- 1 . 47

3.34.2

- 1 . 61.01.3.91.4

1.32.25.0

.93.65.15.53.043

14.514.48.53.16.3

10.010.98.67.94.02.1

Commoditiesless food

Dec.to

Dec1

5.3- 4 . 8

5.746

2- ? . 4

0252.2

.81.5

- . 3.6,7

1.2.4.7

1.93.13.74.54.82.32 55.0

13.26,25.14.97.7

14.311.56.73.83.1

Yearto

year

7.7- 1 . 5

=.175

.92

- 1 . 1— 7

103.1111.3

4.3.7.7.8.6

1.4263.74.24.13.8223.4

10.69.25.05.45.8

11.713.88.64.03.2

Services

Total

Dec.to

Dec.1

6.13.63.6524.6421.92.33.14.52.73.72.71.91.72.31.82.64.94.06.17.48.24.13.66.2

11.38.17.37.99.3

13.714.213.04.34.8

Yearto

year

6.34.83.2534.44 33.32.0254.0382.9332.01.92.01.92.23.94.45.26.98.15.63.84.49.39.58.37.78.5

11.015.413.19.03.5

Medical careservices

Dec.to

Dec1

7.02.13.35.85.5362,63.24.14.54.94.63.83.53.02.62.63.58.17.97.47.08.35.33.85.8

13.310.310.79.09.2

10.610.012.711.26.1

Yearto

Year

6.73.72.3516.4363.02.9404.34.94.84.03.73.23.02.43.25.48.77.38.17.17.33.74.4

10.312.610.19.98.69.7

11.310.711.98.7

Energy2

Dec.to

Dec.1

-0 .74.315

- 1 . 12.1

=-.8- . 22.01.81.41.73.14.53.12.8

16.821.611.66.97.28.0

37.418.111.91.3

Yearto

year

0.21.72.6

.3

.3- . 41.81.62.21.52.72.73.92.88.0

29.310.67.29.56.3

25.230.913.51.5

8

1 Changes from December to December are based on unadjusted indexes.2 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with


284


TABLE B-57.—Producer price indexes by stage of processing, 1947-83

[1967=100]

Year or month

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

1965.1966196719681969.

19701971197219731974

19751976197719781979

1980198119821983 '. . ..


JulyAugSept. .OctNovDec

1983: iJanFebMarApr .MayJune ,


Finished goods

Totalfinishedgoods

74.079.977.6

79.086.586 085.185.3

85 587.991.193.293.0

93.793.794 093.794.1

95.798.8100 0102.8106.6

110.3113.7117.2127.9147.5

163.4170.6181.7195.9217.7

247.0269 8280.7285.2

277 9277.9277.3277.3277.8279.9

281.7282.3281.22841284 9285.5

283 9284.1283.42831284 2285.0

285.728612851287 9286.8287.1

Consumer foods

Total

82 890.483.1

84 795.294 389.488.7

86 586.389.394 590.1

92.191.792 591.491.9

95 4101.6100 0103.6110.0

113 5115.31217146.4166.9

181.0180.4189 9207.2226.2

239.5253 6259.3261.8

256 4258.2257.1260.0262.3263.4

260.6259.7259 9257 7257 4258.3

258 4261.0261.1262 9262 6261.2

260.7260 7263 3264 3261.8264.0

Crude

99 4107.1101.3

92 2105.9112 8105.294.7

98 898 797.4

103 594.3

100.696.197 095.598.2

98 6104.8100 0107.5116.0

116 3115.81212160.7180.8

181.2193.92010216.8233.1

237.2263 8252.7259.5

280 6282.5263.3266.6259.9254.7

241.0239.2228 2232 42361247.6

232 9240.8247.9265 8267 2251.2

247 1259 9269 8289 8272.8269.1

Proc-essed

80.287.680.1

83 493.291386.787.6

84 484.387.993.189.5

90.790.991790.790.8

94.9101.0100 0103.0108.9

113.1115.11217143.9164.6

181.3177.8187 3204.6223.8

237.8250 6257.7259.9

252 1254.0254.5257.3260.3262.0

260.2259.4260.6257 9257 2257.1

258 5260.7260.1260.52601260.0

259.8258.7260.5259 9258.7261.5

Finished goods excluding consumer foods

Total

1*6*61*6"102.6105.4

109.1113.1115 4120.1.139.3

156.2166.1177.7190.7213.3

247.8273 3285.8290.9

283.0282.4281.9281.1281.0283.4

286.7287.9286.3290 8292 0292.5

290 3289.6288.7287.7289 3290.8

291.8292.5290.3293 7293.0292.6

Consumer goods

Total

79 084.082.2

83 589.588 389.189.4

90192.394.694 795.9

96.396.296 096.095.9

96 698.1100 0102.1104.6

107 7111.4113 5118.6138.6

153.1162.6174 3186.7211.5

250.8276 5287.8291.3

285.2284.9284.0282.3281.8284.8

288.8290.2288.9293 3294 8295.0

2914290.3288.9287.3289 4291.6

292.8293 52913293 8293.0292.5

Durable

74.679.781.8

82.788.288.989.690.3

91294.397.198.499.6

99.298.898.397.898.2

97.998.5100.0102.2104.0

106.9110.8113.3115.4125.9

138.2144.5152.8166.9183.2

206.2218.6226.7233.1

226.2224.0223.9224.1225.0225.9

226.7227.5223.0231.0231.2'232.0

231.7232.9231.9232.2232.9233.1

233.4233.8228.9235.4235.3235.7

Non-durable

80 785.882.3

83 690.087 888.688.9

89 491.193.292.694.0

94.794.794 895.194.8

95.997.8100 0102.2105.0

108.3111.7113.6120.5146.8

163.0174.8189.3200.0231.3

283.9319.6333.6335.3

329.3330.3328.8325.7324.3328.7

335.3337.2338.3340.0342.5342.2

336.6333.7332.0328.7332.0335.7

337.7338.6338.6337.9336.6335.3

Capitalequipment

55 460.463.4

64 971.272 473.674.5

76 782.487.589 891.5

91.791.892 292.493.3

94.496.81000103.5106.9

112.0116.6119.5123.5141.0

162.5173.4184.6199.2216.5

239.8264.3279.4287.3

276.2275.0275.8277.2278.1279.2

280.2280.7278.7283.2283.8284.9

285.2285.6285.6286.2286.5286.7

287.2287.7285.4290.9290.3290.5

finishedconsumergoods

80 586.582.5

83 991.890 789.289.1

88 589.892.494.493.6

94.594.394.694.194.3

96.199.4100.0102.7106.6

109.9112.9116.6129.2149.3

163.6169.7180.7194.9217.9

248.9271.3281.0284.6

278.3278.6277.7277.3277.7280.1

282.1282.8281.9284.3285.3285.6

283.5283.7282.7282.3283.6284.6

285.2285.7285.1287.1285.8286.1



TABLE B-57.—Producer price indexes by stage of processing, 1947-83—Continued

[1967 = 100]

Year or month

Intermediate materials, supplies, and components

TotalFoodsand

feeds'Other

Materials andcomponents

Formanufac-

turing

Forcon-

struction

Proc-essedfuelsand

lubri-cants

Con-tainers Supplies

Crude materials for further processing

Total

Food-stuffsand

feed-stuffs

Other

Total Fuel Other

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971 z".197219731974

19751976197719781979

1980198119821983 >

1982:JanFebMar

fezz...JuneJulyAugSeptOcfNovDec

1983: *JanFebMar

dfayiZZJune


72.478.375.2

78.688.185.586.086.5

88.192.094.194.395.6

95.695.094.995.295.5

96.899.2

100.0102.3105.8

109.9114.1118.7131.6162.9

180.0189.1201.5215.6243.2

280.3306.0310.4312.4

311.0311,1310.6309.9309.8309.9

311.1310.8310.5309.9309.9310.1

309.2309.9309.5308.7309.7311.3

312.8314.0315.7316.0315.7315.8

100.099.4

102.7

109.1111.7118.5168.4200.2

195.3185.3190.5203.1226.1

252.6250.3239.4247.8

238.8239.4237.7240.9245.0245.1

243.6240.2238.1234.4234.4235.1

236.4238.8238.0243.6244.4242.8

244.0250.9262.2258.2257.1256.6

70.076.174.2

77.787.084.385.385.7

88.392.695.094.896.4

96.895.595.395.095.6

96.998.9

100.0102.5106.1

109.9114.3118.9128.1159.5

178.6189.4202.3216.5244.4

282.3310.1315.7317.2

316.4316.4316.0315.1314.6314.7

316.1316.0315.9315.5315.5315.7

314.6315.2314.8313.6314.6316.4

318.0318.7319.8320.4320.1320.3

72.177.874.5

78.188.584.886.286.3

88.492.694.895.296.5

96.595.394.794.995.9

97.499.3

100.0102.2105.8

110.0112.8117.0127.7162.2

178.7185.4195.4208.7234.4

265.7286.1289.8293.3

290.4290.9290.4290.6291.4289.8

289.2288.7289.9289.4288.7288.3

288.6291.1290.2291.0291.9292.4

294.1294.7296.3296.4296.1297.0

66.073.173.2

77.084.383.785.185.5

88.993.594.094.096.6

95.994.694.294.595.4

96.298.8

100.0105.0110.8

112.6119.7126.2136.7161.6

176.4188.4203.4224.7247.4

268.3287.6293.7301.7

292.0293.0293.3294.0293.7294.5

294.3293.5294.2293.7293.6294.7

296.5298.8299.6300.9301.2302.4

302.9303.7302.8303.5304.0304.6

85.596.988.2

89.993.992.893.493.3

93.396.2

101.996.095.6

98.299.499.098.196.0

97.499.2

100.097.698.5

105.0115.2118.9131.5199.1

233.0250.1282.5295.3364.8

503.0595.4591.7566.8

604.4596.8593.0579.9570.9581.1

600.7603.8592.3590.0593.0595.0

577.9565.4564.2543.3547.8562.0

567.9572.0579.2579.9574.0568.5

66.869.870.1

72.084.579.980.081.5

82.688.692.594.794.2

95.594.795.994.794.0

95.898.4

100.0102.4106.3

111.4116.6121.9129.2152.2

171.4180.2188.3202.8226.8

254.5276.1285.6286.6

282.5285.5286.3287.0287.0286.5

286.3285.4285.3285.1284,9285.0

285.0285.3285.2284.8285.8285.9

286.1286.3287.3288.3289.3289.5

77.581.076.3

78.988.888.884.386.3

84.887.188.090.091.2

90.791.893.895.294.3

95.299.4

100.0101.0102.8

108.0111.0115.6140.6154.5

168.1179.0188.7198.5218.2

244.5263.8272.1277.0

269.8270.4270.6272.1273.4273.4

273.1272.6272.2272.0272.8273.0

273.1273.5273.9275.5275.6275.6

276.2277.9280.1280.4281.0281.0

101.2110.996.0

104.6120.1110.3101.9101.0

97.197.699.8

102.099.4

97.096.597.595.494.5

99.3105.7100.0101.6108.4

112.3115.1127.6174.0196.1

196.9202.7209.2234.4274.3

304.6329.0319.5323.6

318.4321.6320.0322.6328.3325.6

323.4319.8316.1312.0313.2312.7

313.9320.2321.6325.8325.8323.3

320.6327.1328.3324.5324.1327.8

111.7120.8100.3

107.6124.5117.2104.9104.9

95.193.197.2

103.096.2

95.193.895.792.990.8

97.1105.9100.0101.3109.3

112.0114.2127.5180.0189.4

191.8190.2192.1216.2247.9

259.2257.4247.8252.3

242.6248.3247.9254.4262.6259.9

255.5249.6242.9236.3236.3237.1

239.6249.3249.1256.8256.5252.1

248.4256.4257.4253.9252.0256.2

100.0102.2106.8

112.7117.0128.0162.5208.9

206.9228.5245.0272.3330.0

401.0482.3473.9477.2

481.5479.3475.2469.9470.2467.7

469.8471.0473.7474.8478.6475.3

473.6473.0477.7474.6475.4476.8

476.2479.6481.1476.7479.5482.1

66.678.778.3

77.979.479.982.779.0

78.884.489.290.391.9

92.892.692.193.292.8

93.596.3

100.0102.3106.6

122.6139.0148.7164.5219.4

271.5305.3372.1426.8507.6

615.0751.2886.1931.5

812.9824.5839.7851.2864.8883.9

901.3906.9923.5917.2954.7952.2

930.7937.7961.8941.6935.9936.7

927.8926.9931.2911.2915.2921.4

90.6100.791.6

104.7120.7104,6100.198.2

103.8107.6106.2102.2105.8

101.4102.5102.0100.7102.4

104.5106.7100.0102.1106.9

109.8110.7121.9161.5205.4

188.3206.7212.2233.1284.5

346.1413.7376.8372.0

399.5394.8387.1378.8376.6

369.2369.5369.5371.9369.2365.8

368.0366.0366.8367.0369.0370.5

371.6375.6376.6375.3377.7379.6

1 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.

2 Intermediate materials for food manufacturing and feeds.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-58.—Producer price indexes by stage of processing, special groups, 1974-83

[1967=100]

Year or month

Finished goods

Total FoodsEner-

gy

Excluding foods andenergy

Total

Capi-tal

equip-ment

Con-sumergoods

exclud-

andenergy

Intermediate materials, supplies,and components

TotalFoodsand

feeds1

Ener-gy

Other

Crude materials for furtherprocessing

Total

Food-stuffsand

feed-stuffs

Ener-gy

Other

197419751976197719781979

1980198119821983 2

1982:JanFebMar

June


1983: 2

JanFebMar

. SE

NovDec

147.5163.4170.6181.7195.9217.7

247.0269.8280.7285.2

277.9277.9277.3277.3277.8279.9

281.7282.3281.2284.1284.9285.5

283.9284.1283.4283.1284.2285.0

285.7286.1285.1287.9286.8287.1

166.9181.0180.4189.9207.2226.2

239.5253.6259.3261.8

256.4258.2257.1260.0262.3263.4

260.6259.7259.9257.7257.4258.3

258.4261.0261.1262.9262.6261.2

260.7260.7263.3264.3261.8264.0

215.2252.4282.3326.7347.7469.9

701.3835.4822.9784.0

842.3832.6814.0775.3758.2789.8

834.7844.3843.5839.8854.0845.7

811.1788.0774.1749.2769.0791.1

794.1797.6797.0789.3778.5769.4

133.3148.5156.8166.3178.7194.7

216.4235.1248.6256.1

244.7244.6245.2246.4247.3248.1

248.8249.5247.9252.8253.2254.2

253.8254.5254.4254.9255.3255.6

256.5256.9254.6258,7258.6258.8

141.0162.5173.4184.6199.2216.5

239.8264.3279.4287.3

276.2275.0275.8277.2278.1279.2

280.2280.7278.7283.2283.8284.9

285.2285.6285.6286.2286.5286.7

287.2287.7285.4290.9290.3290.5

129.1141.0148.1156.6168.0183.3

204.2220.1232.6239.9

228.6229.0229.5230.6231.5232.1

232.6233.3232.0236.9237.3238.2

237.5238.5238.2238.7239.2239.5

240.5240.9238.7242.0242.2242.4

162.9180.0189.1201.5215.6243.2

280.3306.0310.4312.4

311.0311.1310.6309.9309.8309.9

311.1310.8310.5309.9309.9310.1

309.2309.9309.5308.7309.7311.3

312.8314.0315.7316.0315.7315.8

200.2195.3185.3190.5203.1226.1

252.6250.3239.4247.8

238.8239.4237.7240.9245.0245.1

243.6240.2238.1234.4234.4235.1

236.4238.8238.0243.6244.4242.8

244.0250.9262.2258.2257.1.256.6

188.7220.8236.8267.3280.3348.6

484.9573.6570.8545.8

582.6575.7572.2560.2552.0561.4

579.3582.2571.6569.0571.2572.5

556.8545.3543.7524.3528.0541.0

546.4550.1556.7557.4552.1547.2

156.7174.7185.0196.1210.4234.2

261.8283.4290.1294.7

289.4290.2290.2290.7291.1290.1

289.6289.2290.2290.1289.9290.0

290.5292.4292.3293.1293.7294.3

295.4295.8296.4297.0297.2298.0

196.1196.9202.7209.2234.4274.3

304.6329.0319.5323.6

318.4321.6320.0322.6328.3325.6

323.4319.8316.1312.0313.2312.7

313.9320.2321.6325.8325.8323.3

320.6327.1328.3324.5324.1327.8

189.4191.8190.2192.1216.2247.9

259.2257.4247.8252.3

242.6248.3247.9254.4262.6259.9

255.5249.6242.9236.3236.3237.1

239.6249.3249.1256.8256.5252.1

248.4256.4257.4253.9252.0256.2

223.0266.9283.1323.5362.5439.9

586.1783.4801.5791.2

801.5796.9788.8778.5784.0792.0

799.4801.7808.6815.6829.9821.2

812.1799.9801.6793.3790.9791.1

786.3785.8788.1780.0781.7783.6

198.3165.0191.0190.1209.2253.0

269.4266.0238.1250.3

250.3249.9248.5246.8243.7234.3

232.9233.3233.1230.3227.0227.4

230.7237.8244.3244.7247.5249.7

251.9257.7258.7256.9260.3263.3

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-59.—Producer price indexes for major commodity groups, 1947-83

[1967=100]

Year or month

194719481949

1950195119521953195419551956195719581959

1960196119621963.196419651966196719681969

1970197119721973197419751976197719781979

198019811982..1983 a

1982:JanFebMarAprNfay

June ~zzJulyAugSeptOctNovDec

1983:2

JanFebMarAprMayJune

JulyAugSeptoct :;;NovDec

Farm products and processedfoods and feeds

Total

94 3101589.6

93 9106 9102 796.095 791290 693 798193.5

93.793 794.793 893 297.1

103 5100.0102 4108.0

111.7113 9122.41591177.4184 2183.1188.8206.6229.8

244.72515248.9253.9

246 0248.4247.5251.6255.8255.3

2524249.6247.4243.8243 9244.8

245.8250.4250.6254 7254.7252.5

251.5255 7255 5257 9256.0257.8

Farmproducts

109 4117.5101.6

106 7124.2117 2106.2104 798.296 999.5

103 997.5

97.296 398.096 094.698.7

105 9100.0102 5109.1

111.0112 9125.0176 3187.7186 7191.0192.5212.5241.4

249.4254 9242.4248.2

242 2247.1244.7250.6256.5252.7

246 6240.8234.5229.2230 7232.6

233.2240.7241.5250 5250.4247.4

244.3253 5253 5255 2251.0254.0

Processedfoods and

feeds

82 988.780.6

83492.791687.488 985.084 987.491889.4

89.591.091.992 592.395.5

101.2100.0102 2107.3

112.1114 5120.81481170.9182 6178.0186.1202.6222.5

241.2248 7251.5256.0

2471248.1248.1251.1254.4255.8

254 6253.5253.5250.8250.2250.5

251.7254.7254.5256 0256.1254.3

254.4255 8255 5258 3257.6258.8

Industrial commodities

Total

70 876.975.3

78 086.184184.885 086.990 893.393 695.3

95.394 894.894 795.296.498 5

100.0102 5106.0

110.01141117.9125 9153.81715182.4195.1209.4236.5

274.83041312.3315.8

3118311.6311.0309.9309.6310.6

312 8313.2312.7314.3315 0315.2

313.9313.9313.5312 4313.6315.3

316.5317 5317 3318 7318.3318.4

Textileproducts

andapparel

103.6108.198.9

102.7114.61034100.898 698.798.798.897.098.4

99.597.798.698.599.299.8

100.1100.0103.7106.0

107.1109.0113.6123.8139.1137 9148.2154.0159.8168.7

183.5199 7204.6204.9

205.0205.6205.0205.4205.4205.0

204.1204.2204.3204.1203.9202.6

202.7202.6203.4203 5204.3204.7

205.3205 7206 0206 4207.0207.2

Hides,skins,

leather,and

relatedproducts

83 384.279.9

86 399.180181.377 677.381982.082 994.2

90.891.792.790090.394.3

103.4100.0103 2108.9

110.31141131.31431145.1148 5167.8179.3200.0252.4

248.9260 9262.6271.4

261.8261.6260.6263.4263.2261.8

263.1262.0263.5263.2263 2264.1

266.7264.3264.9267 4269.4271.2

272.3275 5274 7274 7277.3278.3

Fuels andrelated

products,and

power*

76.990.586.2

87.190.390.192.691.391.294.099.195.395.3

96.197.296.796.393.795.597.8

100.098.9

100.9

106.2115.2118.6134.3208.3245.1265.6302.2322.5408.1

574.0694.5693.2665.9

705.1697.8689.7670.6662.2677.3

701.1705.6700.4698.8706.1703.4

683.6668.6658.0644 8651.9665.5

668.7674 36717672 7667.1662.1

Chemicalsand alliedproducts1

93.795.987.6

88.9101.796 597.798998.599.1

101.2102.0101.6

101.8100.799.197,998.399.099.4

100.099.899.9

102.2104.1104.2110.0146.8181.3187.2192.8198.8222.3

260.3287.6292.3292.9

292.9293.6294.6294.3295.0293.3

291.6291.6290.7289.9290.5289.6

289.3290.5289.82913291.1290.8

293.7294 9294 4296 4296.4296.6



TABLE B-59.—Producer price indexes for major commodity groups, 1947-83—Continued

[1967 = 100]

Year or month

194719481949

195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976...19771978...1979

1980198119821983 2

1982:JanFebMarAprIVfayJuneJulyAugSeptoct :...:NovDec

1983: 2

JanFebMarAprMavJuneJulyAugSeptOctNovDec

Industrial commodities—Continued

Rubberand

plasticproducts

70.572.870,585.9

105.495.589.190.4

102 4103.8103.4103.3102.9103.199.296 396.895 595.997 8

100.01034105.3108 3109.1109 3112.4136 2150.2159 2167.6174 8194.3217 4232.62414243.4

237.3239 3240.8241.12421242.5242 0242.6242.5242.22417242.2

242.9242.32418243 0243 2243.1243.4243 7244 5245.1243.8244.1

Lumberand

woodproducts

73.484.077.7

89.397.294.494.392.697198.593.592.498.895.391.091693.595 495.9

100 2100.0113 3125.3113 6127.3144 3177.2183 6176.9205 6236.3276 0300.4

288 9292.8284 7307.3

285.5285 2285.3286.5284 6289.0288 6284.2283.0279.4279 9285.6

293.3303.1305 8307 2308 0314.8314.6313 9306 0306.1306.0308.8

Pulp,paper,

andallied

products

72.575.772.4

74.388.085.785.585.587 893.695.496.497.398.195.296395.695496.298 8

100.0101.1104.0

108 2110.1113 4122.11517170.41794186.4195 6219.0249 2273.8288 7297.7

285.5286 3287.4288.5289.6289.52891289.3289.4289.8289.8290.5

293.6294.2294.8295.4296 0297.0297.8298.82991300.4302.0302.7

Metalsand

metalproducts

54.962.563.066.373.873.976.376.982.189.291.090.492.392.491.991.291.393 896.498.8

100.0102.6108.5116 6118.7123 5132.81719185.61959209.02271259.3286 4300.43016307.1

304.7304 2302.9303.1302.8299.3299 5299.2301.8301.6300.5299.9

300.3304.7304.4304.63061306.3307.3308.2310.9310.7310.3311.4

Machineryand

equipment

53.758.261.0

63.170.570.672.273.475.781.887.689.491.392.091.992.092.292.893.996.8

100.0103.2106.5111.4115.5117.9121.7139.4161.4171.0181.7196.1213.9

239 8263.3278 8286.4

274.12754276.2277.6278.2278.6279.6279.9280.2281.1281.8282.4

283.3284.3284.7285.4286.0286.2287.4287.4287.5287.8288.1288.8

Furnitureand

householddurables

77.081.682.984.791890.191992.993 395.898.399.199.399.098.497 797.097 496.998 0

100.0102 8104.9

107 5110.01114115.2127 9139.71456151.5160 4171.3187 7198.5206 9213.9

203.5204 6205.5206.0206.5207.0206 8208.1208.3208.9208.9209.2

210.7212.5212.3212.8213 6214.0214.8214.9214.9215.1215.4215.3

Non-metallicmineral

products

66.371.673.575.480180.183 385.187 591.394.895 897.097.297.697 697.197 397.5984

100.0103.7107.7

112 9122.41261130.2153 2174.0186.3200.5222 8248.6283 0309.5320 2325.3

315.6319.0319.9320.2321.2320.9321.1320.5321.2321.1321.2320.5

321.5322.3322.0324.1324.1324.5325.1326.3327.2327.9328.9329.2

Transpor-tationequip-ment:Motor

vehiclesand

equip-ment3

64.170.875.7

75.379 484.083 683.886 391.295.198.1

100.398.898.698 697.898398.598 6

100.0102.8104.81087114.91180119.2129.2144.6153.8163.7176.0190.5

208.8237.62513256.8

250.8246.8246.8247.2249.2251.1252.0252.8244.6257.8257.8258.1

257.0256.3255.4255.9256.2256.5256.6256.8248.9261.1260.3260.4

Miscella-neous

products

73.576.578.0

79.283983.485 686.486 587.690.292 092.293.093.393 794.595 295.997.7

100.0102.2105.2109.9112.9114.6119.7133.1147.7153.7164.3184.3208.7

258.8265.7276.4289.5

268.3273.5m imimi271.5273.4272.0279.5285.4285.2290.4

285.7288.8287.4287.4287.1288.0291.5292.0291.3291.2291.4292.5

1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.3 Index for total transportation equipment is not shown but is available beginning December 1968.



TABLE B-60,—Changes in producer price indexes for finished goods, 1950-83[Percent change]

Year or month

1950195119521953195419551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983 2

1982:JanFebMarz-JuneJulyAus.SeptOctNovDec

1983: *JanFebMarz-JuneJulyAugSeptOct...NovDec

Totalfinishedgoods

Dec.to

Dec1

10.42.9

- 2 . 2.5.1

1.24.23.2

.5_ 4

1.8

.1- . 2

5

3.32.21.63.14.8

2.23.23.8

11.818.36.63.76.99.2

12.8

11.87.13.7.6

Yearto

year

1.89.5

.6- 1 . 0

.2

.22.83.62.3

— 2

.80.3

4̂

1.73.21.22.83.7

3.53.13.19.1

15.310.84.46,57.8

11.113.59.24.01.6

Finishedconsumer

foods

Dec.to

Dec*

13.35.3

- 5 . 92.2

- 1 . 9

- 2 . 93.65.3

.4- 3 7

5.2- 1 . 8

.51.3

4

9.11.4

- . 44.88.2

- 2 . 55.98.0

22.513.0

5.5- 2 . 5

6.911.77.4

7.51.42.12.2

Yearto

year

1.912.4- . 9

- 5 . 2.8

- 2 . 5

H.55.8

- 4 72.2

.4

.91.2

5

3.86.5

- 1 . 63.66.2

3.21.65.6

20.314.0

8.4- . 35.39.19.2

5.95.92.21.0

Finished goods excluding consumer foods

Total

Dec.to

Dec. *

2.43.4

4.32.12.16.6

21.27.26.26.98.3

14.8

13.38.84.1

.0

Yearto

year

2.62.7

3.53.72.04.1

16.012.16.37.07.3

11.9

16.210.34.61.8

Consumergoods

Dec.to

Dec.1

8.2.9

- 1 . 11.6

3

1.72.51.7.2.8.43

- . 1.11

.91.72.12.02.9

3.92.02.07.4

20.56.76.06.78.5

17.5

14.28.54.2

- . 8

Yearto

year

1.67.2

- 1 . 3.9.3

.82.42.5

.11.3.4

- . 1

~0.1

.71.61.92.12.4

3.03.41.94.5

16.9

10.56.27.27.1

13.3

18.610.24.11.2

Capitalequipment

Dec.to

Dec1

10.33.4

.82.311

5.68.34.31.31.0.1.2.3.59

1.53.93.13.04.6

4.92.42.05.3

22.68.26.47.37.98.8

U.49.23.92.0

Yearto

year

2.49.71.71.712

3.07.46.22.61.9

.2

.1

.4

.210

1.22.53.33.53.34.84.12.53.3

14.215.26.76.57.98.7

10.810.25.72.8

Finishedenergygoods

Dec.to

Dec1

16.411.512.18.5

58.0

27.814.1- . 1

- 9 . 0

Yearto

year

17.311.815.76.4

35.1

49.219.1

- 1 . 5- 4 . 7

Finished goodsexcludingfoods and

energy

Decto

Dec.1

6.15.66.38.39.4

10.77.84.91.8

Yearto

year

11.45.66.17.59.0

11.18.65.73.0

Percent change from preceding month

Unad-justed

0.90

- . 20.2.8.6.2

- . 41.0

.3

.2

- . 6.1

- . 2.1.4.3

.2

.31.0

- . 4.1

Sea-son-allyad-

justed

0.4

-.30*1.0

.5

.5

'.$.3

- 1 . 1.2

0.2.5.1.4.2

-22

Unad-justed

1.4.7

- . 41.1.9.4

- 1 . 1- . 3

1.8

- . 1.3

.01.0.0.7

- . 1- . 5

~'.Q1.0..4

- . 9.8

Sea-son-allyad-

justed

1.1.6

I'.S.3

-1.6

4̂.0

0.2

1.0

LI

- . 7.4.7

1.1-1.0

Unad-justed

0.7

-.2

- ! o.9

1.2- 61.6.4.2

- . 8

- ' .3

~'.S

.3

.2- . 81.2

-'.I

Sea-son-

ajusted

0.2i

- ! 3- . 3- . 11.21.1.62.5.8.3

1.4.1

- . 4- . 3

'.B.3.4.0.0.1,1

Unad-justed

0.7- . 1- . 3- . 6

1.11.4.54

1.5.5.1

- 1 . 2- . 4- . 5

.6

.7

.8

.4

.27.9

- . 3- . 2

Sea-son-allyad-

justed

0.1- . 1- . 6-..5

~L41.4.64.7.9.3

- 2 . 0- . 3

~'.S1.1.4.3

- ! o.1.0

Unad-justed

0.8- . 4

.3

.3

.4

.4

.27

1.6.2

.1

.10

.1

.1

.2

.2- . 81.9

- . 2.1

Sea-son-allyad-

justed

0.5- . 1

.5

l5.6.4.61

.0

.4

.5

~A.3

— 1.2.3.2.6.2.3

0.2

Unad-justed

- 0 . 5- 1 . 2- 2 . 2=4.8- 2 . 2

4.2

5.71.2

7.7- 1 . 0

- 4 . 1- 2 . 8- 1 . 8- 3 . 2

2.62.9

.4

.4- . 1

- 1 . 0- 1 . 4- 1 . 2

Sea-son-allyad-

justed

- 0 . 6- 1 . 8- 3 . 7- 4 . 0

2.64.4

5.51.0

4.4

2.0- . 8

- 4 . 2- 3 . 4

3.12.52.23.1

.2

.3

' l- L 0

- - 1 . 0

Unad-justed

1.0- . 0

.5A.3

.3

*62.0

A

- . 2.3

- . 0.2.2.1.4

- . 91.6

- . 0

Sea-son-allyad-

justed

0.3.2.4.4.4.6.3.52.5

i

- . 9.6

!o.2.4.4.4

- . 0.1.3

1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through August 1983 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.


MONEY STOCK, CREDIT, AND FINANCE

TABLE B-61.—Money stock measures and liquid assets, 1959-83

[Averages of daily figures; billions of dollars, seasonally adjusted]

Year and month

Ml

Sum ofcurrency,demanddeposits,travelers'

checks, andother

checkabledeposits(OCDs) 1

141.0

141.8146.5149.2154.7161.8169.5173.7185.1199.4205.8216.5230.7251.9265.8277.5291.1310.4335.5363.2389.0414.1440.6478.2521.1

447.8448.0448.6449.3452.4453.4454.4458.3463.2468.7474.0478.2

482.1491.1497.6496.5507.4511.7515.5516.7517.1517.9518 3521.1

M2M1 nineMl piUS

overnight RPsand

Eurodollars,MMMF

balances(general

purpose andbroker/dealer),

MMDAs, andsavings andsmall timedeposits 2

297.8

312.3335.5362.7393.2424.7

459.1480.2524.8566.9590.2

627.9712.7805.3861.2908.6

1,023.01,163.51,286.41,388.51,497.51,630.31,794.91,959.52,184.6

1,810.11,815.81,828.91,835.21,850.61,864.51,880.91,903.61,917.01,929.71,945.01,959.5

2,010.02,050.82,069.92,074.82,096.22,114.42,126.32,136.92,145.42,161.62,174.62,184.6

M3

M2 plus largetime deposits.term RPs, andinstitution-only

balances3

299.0

314.3339.4369.7404.0439.9480.3503.2555.7604.3613.2674.5773.0882.0979.2

1,061.41,161.71,296.31,451.81,613.51,758.41,936.72,167.92,377.62,599.8

2,181.82,191.62,210.92,224.12,240.72,260.22,283.42,317.92,333.92,352.02,370.22,377.6

2,403.32,430.72,447.12,453.92,476.22,498.82,510.32,528.32,543.82,561.32,586.02,599.8

L

M3 plus otherliquid assets

388.5

403.4430.5465.8503.5540.1584.1614.9667.2729.9764.4

815.8902.5

1,022.81,141.61,246.81,371.91,522.41,711.01,922.92,131.82,343.62,622.02,896.7

2,644.42,668.12,692.72,710.32,737.62,767.02,798.22,823.62,840.52,866.02,882.52,896.7

2,930.62,960.22,987.53,005.83,031.33,058.63,087.83,115.63,136.93,153.4

Percent change from year or 6months earlier4

Ml

0.63.31.83.74.64.82.56.67.73.25.26.69.25.54.44.96.68.18.37.16.56.48.59.0

7.46.67.17.57.75.93.04.76.68.89.8

11.2

12.614.815.412.214.614.514.310.78.08.84.33.7

M2

4.97.48.18.48.08.14.69.38.04.16.4

13.513.06.95.5

12.613.710.67.97.98.9

10.19.2

11.5

10.78.79.08.38.07.98.09.99.9

10.610.510.5

14.216.116.615.616.216.411.98.67.48.57.66.8

M3

5.18.08.99.38.99.24.8

10.48.71.5

10.014.614.111.08.49.4

11.612.C11.19.C

10.111.99.79.3

11.29.39.49.28.68.79.5

11.911.411.8l l . S10.7

10.S10.C9.98.99.1

10.59.18.28.18.S9.18./

December:1959....I960....1961....1962....1963....1964....1965....1966....1967....1968....1969....1970....1971....1972....1973....1974....1975....1976....1977....1978....1979....1980....1981....1982....1983"..


JulyAugSept....OctNovDec

1983:JanFebMarAprMayJune....

JulyAugSept....OctNovDec. . .

1 Net of demand deposits due to foreign commercial banks and official institutions.2 M2 will differ from the sum of components shown in Table B-62 by a consolidation adjustment that represents the estimated

amount of demand deposits and vault cash held by thrift institutions to service time and savings deposits.3 M3 will differ from the sum of components shown in Table B-62 by a consolidation adjustment that represents the estimated

amount of overnight RPs held by institution-only money market mutual funds.4 Monthly percent changes are from 6 months earlier at a compound annual rate.

Note.—See Table B-62 for components, except travelers checks not shown separately.



TABLE B-62.—Components of money stock measures and liquid assets, 1959-83

[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]

Pferiod

December;1959.. . .

I960. . . .1961. . . .1962.. . .1963.. . .1964.. . .

1965.. . .1966.. . .1967.. . .1968.. . .1969.. . .

1970.. . .1971.. . .1972.. . .1973.. . .1974.. . .

1975.. . .1976... .1977....1978... .1979... .

1980.. . .1981.. . .1982.. . .1983 p..

1982:JanFebMar

fezJune


1983:JanFebMar

rfay"IJune

July

B :NovDec ^.....

Cur-rency

29.0

28.929.530.632.534.3

36.338.340.443.446.1

49.152.656.861.567.9

73.980.688,697.5

106.3

116.2123.2132.8146.0

124.0124.7125.2126.3127.4128.2

128.8129.6130.5131.3131.9132.8

134.2135.6137.0138.0139.3140.3

140.9141.8143.0144.2145.3146.0

De-mand

de-pos-its i

111.6

112.5116.5118.1121.7127.0

132.5134.6143.9155.1158.8

166.3176.8193.6202.5207.4

214.1224.4239.7253.8262.0

266.8236.4239.8243.1

238.9235.5233.8233.3233.1232.3

232.1232.5234.0236.0237.6239.8

239.4238.7240.1238.9242.5244.0

245.8244.5243.4242.9241.6243.1

Otherchecka-

bledepos-

its(OCDs)

0.0

.0

.0

.0

.1

.1

.1

.1

.1

.1

.1

.1

.2

.2

.3

.4

.92.74.28.4

17.0

26.976,6

101.3127.1

80.483.485.185.387.488.4

89.191.894.397.0

100.1101.3

104.5112.5116.0115.0120.9122.7

124.2125.8126.0126.0126.5127.1

Over-night

chase

Ss(RPs)

net, plusover-nightEuro-

dollarsNSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.02.2

1.32.32.85.35.6

5.810.614.720.321.2

28.436.144.356.1

39.738.039.136.840.140.3

41.842.441.543.945.244.3

47.348.948.850.655.156.0

52.752.153.056.555.256.1

Money marketmutual fund

(MMMF)balances

Gen-eralpur-

Bbrok-

er/dealerNSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.11.7

2.72.42.46.4

33.4

61.4150.9182.2138.0

154.7156.0159.7161.8164.9170.1

172.9182.3185.1187.6191.1182.2

166.7159.6154.0146.7141.1139.7

138.8139.1137.6137.8138.7138.0

Insti-tutiononly

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0,0.0.2

.4

.6

.93.19.5

14.936.047.640.2

35.333.634.834.335.636.6

40.447.148.249.349.947.6

46.145.243.541.040.439.2

38.638.439.139.940 640.2

Moneymarketdeposit

accounts(MMOAs)

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0,0

43.2372.4

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.043.2

189.1277.7320.5341.2356.8367.3

368.4366.3366.9367.43691372.4

Sav-ings

146.4

159.1175.5194.8214.4235.2

256.9253.1263.7268.9263.7

259.9291.6321.2327.0338.8

388.8453.0491.6481.2423.1

400.7344.4359.3312.3

347.7346.9346.6345.9346.6347.2

345.0346.7350.0358.0366.4359.3

335.1325.7322.7321.5323.1325.0

323.5322.1320.6318.8316 4312.3

Smalldenom-inationtimede-

posits*

11.4

12.514.820.125.529.2

34.455.077.8

100.5120.4

152.2190.5232.1266.0288.0

338.1391.0446.0521.8635.9

731.7828.6859.1792.1

826.6833.1840.7847.2852.5859.3

872.9879.8883.2878.0874.9859.1

797.4755.1733.8725.7720.1722.1

735.1748.0757.7771.0784 4792.1

iSrinationtimede-

posits2

1.2

2.03.96.9

10.715.2

21.223.130.937.520.4

45.057.673.2

111.2144.5

129.9118.2145.2194.9222.2

258.9302.6333.8329.2

304.4309.9315.8321.2322.1327.4

332.1334.9336.1339.6340.4333.8

310.7297.9296.2300.2299.2304.1

305.6311.6317.7319.9324 9329.2

Termrepur-chase

ments(RPs)

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.02.6

1.62.73.56.98.1

8.414.219.527.130.1

34.837.240.349.3

35.635.735.638.137.036.3

34.537.036.437.739.440.3

40.640.841.742.745.344.5

42.844.845.143.748 749.3

TermEuro-

dollars(net)

NSA

0.7

.81.41.61.92.4

1.72.12.12.92.7

2.22.73.65.48.0

9.713.118.429.041.5

48.065.380.0

68.372.874.077.983.884.7

83.780.980.681.179.680.0

81.183.585.988.489.989.8

89.689.889.590.4

Sav-

bonds

46.1

45.746.546.948.149.0

49.650.251.251.851.7

52.054.357.660.463.2

67.271.776.480.279.5

72.367.767.9

67.867.867.767.767.767.7

67.667.567.567.667.867.9

68.168.568.869.269.669.8

70.070.270.470.6

Short-term

Treas-ury

secu-rities

38.6

36.737.039.840.738.5

40.743.238.746.159.5

49.236.341.150.053.5

76.880.889.799.3

128.7

156.9176.3217.6

179.9186.9190.0190.7192.1197,2

202.9204.1203.6210.3214.5217.6

219.3219.3224.5230.5231.4237.2

252.1262.9264.5262.1

Bank-ers'

ances

0.5

.81.01.01.11.2

1.51.61.72.23,2

3.33.53.34.7

10.6

8.48.8

11.821.626.7

31.640.644.9

41.140.639.940.241.341.6

42.041.341.442.843.144.9

45.343.242.041.240.840.2

41.443.543.342.3

Com-mer-cial

paper

3.6

5.15.26.87.79.1

10.214.417.822.534.0

34.532.735.241.950.1

48.051.762.979.297.0

98.1104.2108.8

105.5108.4110.3109.7112.1115.7

118.7112.0113.7112.3J07.3108.8

113.5115.1119.2122.5123.4122.9

124,4121.0125.3126.6

'Demand deposits at all commercial banks other than those due to domestic banks, the U.S. Government, and foreign banks andofficial institutions less cash items in the process of collection and Federal Reserve float.

2 Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000,respectively.

Note.—NSA indicates data are not seasonally adjusted.Travelers checks are a component of money stock but are not shown here.See also Table B-61.Source: Board of Governors of the Federal Reserve System,


TABLE B-63.—Commercial bank loans and investments, 1939-83


Year and month

End of month l

1939- Dec1940: Dec1941- Dec1942: Dec1943: Dec1944: Dec1945- Dec1946: Dec1947- Dec1948: Dec

1948: Dec1949- Dec1950: Dec1951: Dec1952: Dec1953: Dec1954- Dec1955: Dec1956: Dec1957- Dec1958: Dec1959- DecI960: Dec1961- Dec1962: Dec1963- Dec1964: Dec1965- Dec1966: Dec1967: Dec1968- Dec1969: Dec . .1970: Dec1971: Dec1972- DecAverage for month2

1972: Dec1973- Dec .1974: Dec1975: Dec1976- Dec1977- Dec1978: Dec1979: Dec1980- Dec1981- Dec1982- Dec1983- Dec p

1983:JanFebMarAprMayJuneJuly .AugSeptOctNovDec P .

Total loansand

investments

40.743.950 767.4851

105.5124.0114 0116.3

L 114.3

113 0118.7124 71302139.11431153.1157.61616166.41812188.7197 4212.82312250.2272 330013161352 0390.2401.7435.5485 7558.0

572.6647.8713.6745.2804.6891.5

1,013.51,135.91,239.61,316.31,412.01,566.8

1428 21,436.31,450.11,460.61474 41,488.01,499.91,513.21,520.31,532.91,548.91,566.8

Loans

Total

17.218.821719.219121.626.131138.142.5

Commercialand

industrial

Seasonally adjustet

41.542.051156.562.866269.180.688191.595 6

110.51167123.6137 3153.7172 9198 2213.92313258.2279.4292.0320 9378.9

390.5460.5520.1517.4555.0632.5747.0849.9915.1973.9

1,042.01,131.7

1045 01,048.71,056.31,059.51,063.31,070.61,080.91,091.01,096.31,104.11,115.71,131.7

39.442143.947.652.158.469 578.686 295.9

105.7110.0116 2130.4

137.5165.4196.9189.6190.9210.9245.9291.2326.8358.0392.3413.1

395.2394.9396.2392.9392.9395.0399.2402.5402.6404.7407.8413.1

Investments

U.S.Treasurysecurities

16.317.821841.459877.690.674 869.262.6

i

62 366.461160462.262 267.660.357 256.965157.759 965.364.761.560.757153.559460.751.257.860 662.6

65.858.553.682.2

100.899.893.894.5

110.0111.0130.9188.1

139 8144.5151.0157.8166.1171.2172.9174.4176.9182.3186.2188.1

Othersecurities

7.17.4726.8616.37.3819.09.2

9.210.312 413414.214 716.416.816.317.920.520.520.823.929.235.038.744.848.761.371.371.185.7

104.2116.5

116.3128.8139.9145.6148.8159.3172.8191.5214.4231.4239.2247.0

243.3243.1242.8243.4245.0246.2246.1247.8247.1246.5247.1247.0

Loans plusloans soldto bankaffiliates

283.3294.7323.7381.5

393.1464.8524.8521.8558.7637.1750.7852.9917.8976.7

1,044.91,134.1

1,048.01,051.61,059.31,062.41,066.11,073.31,083.51,093.51,098.91,106.71,118.21,134.1

1 Data are for December 31 call dates.2 Data are prorated averages of Wednesday figures for domestically chartered banks and averages of current and previous month-end

data for foreign-related institutions. Lease financing receivables are included in total loans and investments and in total loans.Note.—Beginning December 1981, levels have been reduced because of shifts from U.S. banking offices to International Banking

Facilities (IBFs).Source: Board of Governors of the Federal Reserve System.


TABLE B-64.—Total funds raised in credit markets by nonfinancial sectors, 1975-83


Item 1975 1976 1977 1978 1979 1980 1981

Total net borrowing by domestic nonfinancial sectors..

U.S. Government

Treasury issuesAgency issues and mortgages..

Private domestic nonfinancial sectors...

Debt capital instruments

Tax-exempt obligations..Corporate bondsMortgages

Home mortgagesMulti-family residential..CommercialFarm

Other debt instruments-

Consumer credit..Bank loans n.e.c.Open-market paper

By borrowing sector: Total..

State and local governments..HouseholdsNonfinancial business

FarmNonfarm noncorporate..Corporate

Foreign net borrowing in United States..

BondsBank loans n.e.c...Open-market paperU.S. Government loans..

Total domestic plus foreign..

Total funds supplied to domestic nonfinancial sectors..

Private domestic nonfinancial sectors

Deposits and currency..

Checkable deposits and currency..Time and savings depositsMoney market fund sharesSecurity repurchase agreements...Foreign deposits

Credit market instruments-

Foreign funds

At banksCredit market instuments

U.S. Government and related loans, net...U.S. Government cash balancesPrivate insurance and pension reserves...Other sources

Net credit market borrowing by nonfinancial sectors

193.0

85.4

85.8

107.6

100.9

16.127.257.6

42.0

A34.6

6.79.6

-10.4=2.6

10.1107.6

13.752.141.8

8.512.520.9

11.3

6.2

2.0

2.S

204.4

243.5

69.0

69.1

174.5

123.6

15.722.885.1

63.93.9

11.65.7

50.9

25.44.54.0

16.9

174.5

15.289.569.8

10.215.444.2

19.3

8.65.61.93.3

262.8

319.4

56.8

57.6- . 9

262.6

171.1

21.922.9

126.3

94.07.1

18.17.1

91.6

40.227.1

2.921.3

262.6

15.4137.3110.0

12.328.069.7

13.5

5.13.12.43.0

332.9

369.8

53.7

55.1-1 .4

316.2

199.7

28.421.1

150.2

112.29.2

21.77.2

116.5

37.45.2

25.1

316.2

19.1169.4127.6

14.632.480.6

33.8

4.219.16.63.9

403.6

386.0

37.4

38.8-1 .4

348.6

211.2

30.317.3

163.6

120.07.8

23.911.8

137.5

45.451.211.129.7

348.6

20.5176.4151.7

21.434.496.0

20.2

3.92.3

11.22.9

406.2

343.2

79.2

79.8- . 6

264.0

192.0

30.326.7

135.1

96.78.8

20.29.3

72.0

4.936.7

5.724.8

264.0

20.3117.5126.1

14.433.778.1

27.2

11.510.14.7

370.4

377.2

87.4

87.8- . 5

289.8

158.4

21.922.1

114.5

75.94.3

24.69.7

131.5

24.154.719.233.4

289.8

9.7120.6159.6

16.339.6

103.7

27.2

5.43.7

13.94.2

404.4

Direct and indirect supply of funds to credit markets

193.0

152.0

101.2

15.683.3

1.3

'$

50.7

-2 .5

-8 .66.1

11.9-1 .7

29.73.7

243.5

178.1

133.4

17.8111.7

1.7

44.7

10.6

- 4 . 515.2

1.1

3*319.5

319.4

189.1

148.6

25.5119.3

111.3

40.6

41.0

1.439.6

4.14.3

51.429.4

369.8

225.8

152.2

25.5110.3

6.97.52.0

73.6

44.6

6.538.0

- 6 . 66.8

62.237.1

386.0

270.3

151.4

26.782.234.46.61.5

118.9

23.0

27.6- 4 . 6

11.6.4

49.131.6

343.2

254.4

180.0

15.3127.8

29.26.51.1

74.4

1.5

-21.723.2

1.8-2 .6

65.422.6

377.2

308.9

221.7

27.683.6

107.52.5

.5

87.2

7.3

-8 .716.0

6.8- 1 . 1

73.2-17.9



TABLE B-64.—Total funds raised in credit markets by nonfinancial sectors, 1975-83—Continued

[Billions of dollars; quarterly data at seasonally adjusted annual rates}

Item1982 1983

Net credit market borrowing by nonfinancial sectors

Total net borrowing by domestic nonfinancial sectors

U.S. Government

Treasury issues ,

Agency issues and mortgages ,


Debt capital instruments

Tax-exempt obligationsCorporate bonds ,Mortgages

Home mortgages ,Multi-family residentialCommercialFarm

Other debt instruments

Consumer creditBank loans n.e.cOpen-market paperOther

By borrowing sector: Total

State and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate

Foreign net borrowing in United States „

BondsBank loans n.e.cOpen-market paperU.S. Government loans

Total domestic plus foreign

Total funds supplied to domestic nonfinancial sectors


Deposits and currency

Checkable deposits and currencyTime and savings depositsMoney market fund sharesSecurity repurchase ageementsForeign deposits

Credit market instruments

Foreign funds

At banksCredit market instruments -,

U.S. Government and related loans, netU.S. Government cash balancesPrivate insurance and pension reservesOther sources


331.8

95.6

98.1

- 2 . 5

236.2

138.931J11.595.7

63.45.6

19.37.3

97.3

2.671.79.5

13.4

236.2

18.175.1

142.9

7.631.5

103.9

11.6

3.1-10.4

16.42.5

381.8

118.3

118.5- . 2

263.6

140.6

51.710.078.9

48.22.8

23.54.5

123.0

35.968.53.6

15.1

263.6

40.5100.0123.0

10.537.874.8

13.9

1.7.2

8.53.5

442.7

206.5

206.8- . 3

236.1

146.9

47.424.874.8

56.6- 3 . 717.34.5

89.2

11.155.7

- 2 . 825.2

236.1

30.478.4

127.3

10.826.590.0

11.9

12.8-11.2

.59.8

427.0

224.4

224.9

- . 5

202.5

185.371.329.184.9

60.5.3

19.84.4

17.2

23.621.8

-23.3- 4 . 9

202.5

56.293.752.7

7.323.322.0

25.3

8.8- 3 . 117.42.2

343.4 395.8 454.5 452.3 429.7 598.1 499.4

413.9

196.3

196.2.1

217.6

184.3

38.618.5

127.2

97.65.7

24.9- 1 . 0

33.3

28.18.5

-18 .515.2

217.6

29.8117.470.4

- 2 . 935.3

38.0

15.9

3.224.6

-16.84.8

576.5

264.1

264.4

- . 3

312.4

263.283.123.3

156.7

115.99.9

29.41.5

49.2

49.5- . 9

-14.114.7

312.4

72.8162.177.4

.844.831.9

21.5

5.55.37.63.1

491.6

157.2

157.4- . 2

334.4

228.7

32.86.3

189.6

133.08.0

42.75.7

105.8

49.115.614.926.2

334.4

25.5168.8140.0

7.968.963.3

7.7

1.6- 8 . 010.43.7

Direct and indirect supply of funds to credit markets

331.8

217.6

185.1

28.2125.538.2

.3- 7 . 1

32.5

- 7 . 7

-21 .313.7

1.312.179.828.6

381.8

272.2

147.3

-5 .7107.140.5

1.9

3.5

125.0

9J-38.9

48.6

4.1-16 .3

91.021.1

442.7

300.9

212.0

21.2105.388.1

1.3- 4 . 0

89.0

-46 .6

-59 .913.2

25.424.186.852.1

427.0

328.1

172.3

41.6188.7

-68.111.9

- 1 . 9

155.8

4.19.1

- 5 . 0

14.04.1

86.1- 9 . 3

413.9

329.0

289.1

78.7282.2

-105.221.7

11.7

39.9

-12 .0-43.8

31.8

-16 .3-10 .4

88.035.5

576.5

346.9

174.6

61.0172.9

-62.7.4

3.0

172.3

52.08.7

43.3

23.125.190.638.8

491.6

332.7

253.0

14.0223.7- 6 . 518.83.0

79.7

25.3

20.45.0

52.1-10.9

93.1- . 6

295


TABLE B-65.—Federal Reserve Bank credit and reserves of depository institutions, 1929-83

[Averages of daily figures; millions of dollars]

Year and month

Reserve Bank credit outstanding

Total

U.S.Governmentand Federal

securities

Borrowings ofdepositoryinstitutions

Total Seasonal

Other

Reserves of depositoryinstitutions1

Total Required Excess

1929: Dec1933: Dec1939: Dec1940: Dec1941: Dec1942: Dec1943: Dec1944: Dec1945: Dec1946: Dec1947: Dec1948: Dec1949: Dec1950: Dec1951: Dec1952: Dec1953: Dec1954: Dec1955: Dec1956: Dec1957: Dec1958: Dec1959: DecI960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec1966: Dec1967: Dec1968-. Dec1969: Dec1970: Dec1971: Dec1972: Dec1973: Dec1974: Dec1975: Dec1976: Dec1977: Dec1978: Dec1979: Dec1980: Dec1981: Dec1982: Dec1983: Dec1983:

JanFebMar

fezJuneJulyAugSeptOctNovDecp.

1,6432,6692,6122,3052,4046t03511,91419,61224,74424,74622,85823,97819,01221,60625,44627,29927,10726,31726,85327,15626,18628,41229,43529,06031,21733,21836,61039,87343,85346,86451,26856,61064,10066,70874,25576,85185,64293,96799,651107,632116,382129,330139,896143,250151,920159,659171,531

157,519155,365155,883159,250160,130162,133164,799163,698168,182169,202167,773171,531

4462,4322,5102,1882,2195,54911,16618,69323,70823,76721,90523,00218,28720,34523,40924,40025,63924,91724,60224,76523,98226,31227,03627,24829,09830,54633,72937,12640,88543,76048,89152,52957,50061,68869,15871,09479,70186,67992,108100,328107,948117,344126,276127,895137,796146,358160,352

144,305143,324144,130146,808148,397150,406152,921153,670157,545158,236156,767160,352

80195

3

490

265334157224134118142657

1,59344124683968871055790687149304327243454557238765

1,086321107

1,0491,29870312762

558874

1,4731,617642697748

500557852993902

1,7141,3821,5731,441837912748

413213125413482116533396

333953829812117219819114211996

39614299114180482658654702822729842607

1,1191,3801,3061,0271,1541,4121,7031,4941,5431,4931,7251,9702,3682,5542,5042,5142,5472,1393,3165,5144,6994,9904,7084,6436,5857,4167,2427,87611,11212,14713,73813,48212,60410,431

12,71411,48410,90111,44910,83110,01310,4968,4559,19610,12910,09410,431

2,3952,588

11,47314,04912,81213,15212,74914,16816,02716,51717,26119,99016,29117,39120,31021,18019,92019,27919,24019,53519,42018,89918,93219,28320,11820,04020,74621,60922,71923,83025,26027,22128,03129,26531,32931,35335,06836,94134,98935,13636,47141,57243,972

3 40,09741,91841,85340,124

41,86239,79738,03938,65038,28238,41538,94738,66037,91638,13738,14440,124

2,34721,822

6,4627,4039,422

10,77611,70112,88414,53615,61716,27519,19315,48816,36419,48420,45719,22718,57618,64618,88318,84318,38318,45018,51419,55019,46820,21021,19822,26723,43824,91526,76627,77428,99331,16431,13434,80636,60234,72734,96436,29741,44743,57840,06741,60641,35339,179

41,31639,36237,60238,17437,83337,93538,44038,21437,41837,63237,61539,179

2 7665,0116,6463,3902,3761,0481,2841,491

900986797803

1,027826723693703594652577516482769568572536411452392345455257272165219262339262172174125394*30312500945

546435437476449480507446498505529945

1 Beginning December 1959, part of currency and cash held by member banks allowed as reserves; beginning November 1960 all suchcurrency and cash allowed.

Beginning November 1972, includes reserve deficiencies on which Federal Reserve Banks were allowed to waive penalties for atransition period in connection with bank adaptation to Regulation J as amended effective November 9, 1972. Transition period endedafter second quarter 1974.

Effective November 1975, includes reserve deficiencies on which penalties are waived over a 24-month period when a nonmemberbank merges into an existing member bank, or when a nonmember bank joins the Federal Reserve System.2 Data are for licensed banks only.

3 Includes all reserve balances of depository institutions plus vault cash at institutions with required reserve balances plus vault cashequal to required reserves at other institutions.4 Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (Thismeasure of excess reserves is comparable to the old excess reserves concept published historically.)



TABLE B-66.—A \regate reserves of depository institutions and monetary base, 1959-83

[Averages of daily figures; billions of dollars]

Year and month

1959: Dec

I960- Dec1961: Dec1962- Dec1963: Dec1964- Dec

1965: Dec1966- Dec1967: Dec1968- Dec .. ..1969- Dec

1970- Dec1971: Dec1972: Dec1973- Dec1974: Dec.

1975: Dec1976: Dec . .1977- Dec1978: Dec1979- Dec

1980: Dec1981- Dec1982: Dec1983- D e c


JulyAugsept::::::::::::::::::::::::::": :OctNovDec

1983:JanFeb.MarAprMayJune


Adjusted -for changes in reserve requirements1

Seasonally adjusted

Reserves of depository institutions

Total2

14.04

14 2214.6814 9815.3215 84

16.4316 4517.9418 9119.16

201521.5023.7024 8526.25

26.3826 8028 0029.4430.71

32.4633 7536.2337.59

34.0034.0534 2234.3434 4234.55

34 5534.70351135 3735.8336.23

35 6336 1036 8037 1537.1337.61

37.8037.6937.7237 6237.4137.59

Nonbor-rowed

13.10

141514.5514 7214.9915.57

15.9915 9117.7118.1618.04

19 8221.3822.6523 5625.52

26.2526.7427 4328.5729.24

30.77331135.6036.81

32.4832.2632 6732.7733 3033.34

33 8634.18341734 8935.2135.60

35 1035 5236 0136 1436.1835.98

36.3536.1536.2836 7836.5036.81

Required

13.54

13 4814.1014 4114.8315.43

16.0116.1117.5618.4818.87

19 9021.3223.4124 5525.99

26.1126.5227 8129.2130.38

31.9433 4335.7337.03

33.5833.7433 8634.0734 0634.24

34 2434.3934 7234 9635.4335.73

35 0935 6636 3736 6836.6837.13

37.2937.2537.2237 1236.8837.03

Mone-tarybase3

43.4

43.644.746.048.350.7

53.355.459.063.166.0

70.175.181.587.595.4

101.7109.0118.3128.8139.3

151.1158 8171.1186.5

159.8160.81615162.5163 8164.9

165 4166.4167 7168 8169.8171.1

1719173 8176 1177 3178.8180.3

181.1182.1183.4184 6185.5186.5

Not seasonally adjusted

Reserves of depository institutions

Total2

14.32

14 4914.9615.2415.5616.09

16.7116.7618.2319.0019.35

20.2721.5123.9225.1126.51

26.6827.2728.4629.9131.26

33.4134 6136.9638.37

35.9233.9933.6334.1233.9733.81

341334.1434.8235 4236.0936.96

37 6135 9736 0636 9136.6436.79

37.3437.0637.3937 6837.6938.37

Nonbor-rowed

13.37

14.4214.8214.9815.2315.82

16.2716.2318.0118.2518.23

19.9321.3822.8723.8125.78

26.5527.2127 8929.0429.79

31.7233 9836.3337.59

34.4032.2032.0732.5532.8532.61

33.4433.6333.8834 9535.4736.33

37 0835 3935 2635 9035.6935.15

35.8935.5235.9536 8436.7937.59

Required

13.81

13.7514.3714.6715.0715.68

16.2916.4217.8618.5719.07

20.0221.3323.6424.8126.25

26.4126.9928.2729.6830.93

32.8934.2936.4637.81

35.5033.6933.2633.8533.6133.50

33.8133.8334.4335.0235.6936.46

37.0635.5435.6236.4436.1936.31

36.8336.6236.89371837.1737.81

Mone-tarybase3

44.3

44.545.647.049.351.7

54.556.660.164.167.2

71.276.082.989.096.9

103.3111.1120.5131.3141.7

154.4161.9174.4190.0

161.3159.0159.3161.6163.0164.2

166.0166.2167.3168.7171.0174.4

173.2171.8173.6176.3177.8179.6

181.7181.8182.9184.4186.7190.0

Reserve aggregates include required reserves of member banks and Edge Act corporations and other depository institutions.Discontinuities associated with the implementation of the Monetary Control Act, the inclusion of Edge Act corporation reserves, andother changes in Regulation D have been removed. Beginning with the week ended December 23, 1981, reserves aggregates have beenreduced by shifts of reservable liabilities to international banking facilities (IBFs). On the basis of reports of liabilities transferred toIBFs by U.S. commercial banks and U.S. agencies and branches of foreign banks, it is estimated that required reserves were lowered onaverage by $10 to $20 million in December 1981 and $40 to $70 million in January 1982.

2 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with requiredreserve balances plus vault cash equal to required reserves at other instititions.3 Includes reserve balances and required clearing balances at Federal Reserve Banks in the current week plus vault cash held twoweeks earlier used to satisfy reserve requirements at all depository institutions plus currency outside the U.S. Treasury, Federal ReserveBanks, the vaults of depository institutions, and surplus vault cash at depository institutions.


297


TABLE B-67 .—Bond yields and interest rates, 1929-83

[Percent per annum]

Year

U.S. Treasury securities

Bills(new issues)l

3-month 6-month

Constantmaturities2

3years

10years

Corporatebonds

(Moody's)

Aaa

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

New-home

mortgageyields

(FHLBB)3

Com-mercialpaper, 6months4

Prime ratecharged by

banks5

Discountrate,

FederalReserveBank of

New York5

Federalfundsrate6

1929..

1933..

1939..

1940..1941..1942..1943..1944..

1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..

1955..1956..1957..1958..1959..

1960..1961..1962..1963..1964..

1965..1966..1967..1968..1969..

1970..1971..1972..1973..1974..

1975..1976..1977..1978..1979..

1980..1981.1982.1983.

0.515

.023

.014

.103

.326

.373

.375

.375

.375

.5941.0401.102

1.2181.5521.7661.931.953

1.7532.6583.2671.8393.405

2.9282.3782.7783.1573.549

3.9544.8814.3215.3396.677

6.4584.3484.0717.0417.886

5.8384.9895.2657.22110.041

11.50614.02910.6868.63

3.832

3.2472.6052.9083.2533.686

4.0555.0824.6305.4706.853

6.5624.5114.4667.1787.926

6.1225.2665.5107.57210.017

11.37413.77611.0848.75

2.471.63

2.473.193.982.844.46

3.983.543.473.674.03

4.225.235.035.687.02

7.295.655.726.957.82

7.496.776.698.299.71

2.852.40

2.82

4.73

4.49

3.01

2.842.772.832.732.72

2.622.532.612.822.66

2.622.862.963.202.90

5.90

7.76

4.96

4.754.334.283.913.61

3.293.053.243.473.42

3.243.413.523.743.51

4.27

4.71

2.76

2.502.102.362.061.86

1.671.642.012.402.21

1.982.002.192.722.37

3.183.653.32

11.5514.4412.9210.45

4.33

4.123.883.954.004.19

4.284.925.075.656.67

7.356.166.216.847.56

7.997.617.428.419.44

11.4613.9113.0011.10

3.063.363.893.794.38

4.414.354.334.264.40

4.495.135.516.187.03

8.047.397.217.448.57

8.838.438.028.739.63

11.9414.1713.7912.04

3.533.884.714.735.05

5.195.085.024.864.83

4.875.676.236.947.81

9.118.568.168.249.50

10.619.758.979.49

10.69

13.6716.0416.1113.55

2.532.933.603.563.95

3.733.463.183.233.22

3.273.823.984.515.81

6.515.705.275.186.09

6.896.495.565.906.39

8.5111.2311.579.47

5.895.82

5.816.256.466.977.80

8.457.747.607.968.92

9.009.009.029.56

10.78

12.6614.7015.1412.57

5.85

1.73

.59

.56

.53

.66

.69

.73

.75

.811.031.441.49

1.452.162.332.521.58

2.183.313.812.463.97

3.852.973.263.553.97

4.385.555.105.907.83

7.715.114.738.159.84

6.325.345.617.99

10.91

12.2914.7611.898.89

5.50-6.00

1.50-4.00

1.50

1.501.501.501.501.50

1.501.50

1.50-1.751.75-2.00

2.00

2.072.563.003.173.05

3.163.774.203.834.48

4.824.504.504.504.50

4.545.635.616.307.96

7.915.725.258.03

10.81

7.866.846.839.06

12.67

15.2718.8714.8610.79

5.16

2.56

1.00

1.001.00

U.0071.0071.0071.0071.00

1.001.341.50

1.591.751.751.991.60

1.892.773.122.153.36

3.533.003.003.233.55

4.044.504.195.165.87

5.954.884.506.447.83

6.255.505.467.46

10.28

11.7713.4211.028.50

1.782.733.111.573.30

3.221.962.683.183.50

4.075.114.225.668.20

7.184.664.438.73

10.50

5.825.045.547.93

11.19

13.3616.3812.269.09


298


TABLE B-67.—Bond yields and interest rates, 1929-83—Continued

[Percent per annum]

Yearand

month


July....Aug....Sept...OctNovDec

1981:JanFebMar....

t-June...

July....Aug....Sept...OctNovDec

1982:JanFebMar....z-June...July....Aug....Sept...OctNovDec

1983:JanFebMar....

June...July....Aug....Sept...OctNov....Dec...

U.S. Treasury securities

Bills(new issues)1

3-month

12.03612.81415.52614.0039.1506.995

8.1269.259

10.32111.58013.88815.661

14.72414.90513.47813.63516.29514.557

14.69915.61214.95113.87311.26910.926

12.41213.78012.49312.82112.14812.108

11.9149.0068.1967.7508.0428.013

7.8108.1308.3048.2528.198.829.129.399.058.718.718.96

6-month

11.85112.72115.10013.6189.1497.218

8.1019.443

10.54611.56613.61214.770

13.88314.13412.98313.43415.33413.947

14.40215.54815.05714.01311.53011.471

12.93013.70912.62112.86112.22012.310

12.23610.1059.5398.2998.3198.225

7.8988.2338.3258.3438.208.899.299.539.198.908.899.14

Constantmaturities2

3years

10.8812.8414.0512.029.448.91

9.2710.6311.5712.0113.3113.65

13.0113.6513.5114.0915.0814.29

15.1516.0016.2215.5013.1113.66

14.6414.7314.1314.1813.7714.48

14.0012.6212.0310.629.989.88

9.649.919.849.769.66

10.32

10.9011.3011.0710.8710.9611.13

10years

10.8012.4112.7511.4710.189.78

10.2511.1011.5111.7512.6812.84

12.5713.1913.1213.6814.1013.47

14.2814.9415.3215.1513.3913.72

14.5914.4313.8613.8713.6214.30

13.9513.0612.3410.9110.5510.54

10.4610.7210.5110.4010.3810.85

11.3811.8511.6511.5411.6911.83

Corporatebonds

(Moody's)

Aaa

11.0912.3812.9612.0410.9910.58

11.0711.6412.0212.3112.9713.21

12.8113.3513.3313.8814.3213.75

14.3814.8915.4915.4014.2214.23

15.1815.2714.5814.4614.2614.81

14.6113.7112.9412.1211.6811.83

11.7912.0111.7311.5111.4611.74

12.1512.5112.3712.2512.4112.57

Baa

12.4213.5714.4514.1913.1712.71

12.6513.1513.7014.2314.6415.14

15.0315.3715.3415.5615.9515.80

16.1716.3416.9217.1116.3916.55

17.1017.1816.8216.7816.6416.92

16.8016.3215.6314.7314.3014.14

13.9413.9513.6113.2913.0913.37

13.3913.6413.5513.4613.6113.75

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

7.218.049.098.407.377.60

8.088.628.959.119.55

10.09

9.6510.0310.1210.5510.7310.56

11.0312.1312.8612.6711.7112.77

13.1612.8112.7212.4511.9912.42

12.1111.1210.619.599.979.91

9.459.489.168.969.039.519.469.729.579.649.799.90

New-home

mortgageyields

(FHLBB)3

11.8711.9312.6213.0313.6812.66

12.4812.2512.3512.6113.0413.28

13.2713.5414.0214.1514.1014.67

14.7215.2715.2915.6516.3815.87

15.2515.1215.6715.8415.8915.40

15.7015.6814.9814.4113.8113.69

13.4913.1613.4112.4212.6712.36

12.5012.3812.5412.2512.3412.42

Com-mercialpaper, 6months4

12.6613.6016.5014.939.298.03

8.299.61

11.0412.3214.7316.49

15.1014.8713.5914.1716.6615.22

16.0916.6215.9314.7211.9612.14

13.3514.2713.4713.6413.0213.79

13.0010.8010.869.218.728.50

8.158.398.488.488.319.03

9.369.689.288.989.099.50

Prime ratecharged by

banks (high-low)5

15.25-15.2516.75-15.2519.50-16.7520.00-19.5019.00-14.0014.00-12.00

12.00-11.0011.50-11.0013.00-11.5014.50-13.5017.75-14.5021.50-17.75

21.50-20.0020.00-19.0019.00-17.5018.00-17.0020.50-18.0020.50-20.00

20.50-20.0020.50-20.5020.50-19.5019.50-18.0018.00-16.0015.75-15.75

15.75-15.7517.00-15.7516.50-16.5016.50-16.5016.50-16.5016.50-16.50

16.50-15.5015.50-13.5013.50-13.5013.50-12.0012.00-11.5011.50-11.50

11.50-11.0011.00-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.5011.00-10.5011.00-11.0011.00-11.0011.00-11.0011.00-11.00

Discountrate,

FederalReserveBank of

New York(high-low)5

12.00-12.0013.00-12.0013.00-13.0013.00-13.0013.00-12.0012.00-11.0011.00-10.0010.00-10.0011.00-10.0011.00-11.0012.00-11.0013.00-12.00

13.00-13.0013.00-13.0013.00-13.0013.00-13.0014.00-13.0014.00-14.00

14.00-14.0014.00-14.0014.00-14.0014.00-14.0014.00-13.0013.00-12.00

12.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.00

12.00-11.5011.50-10.0010.00-10.0010.00-9.509.50-9.009.00-8.50

8.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.50

Federalfundsrate6

13.8214.1317.1917.6110.989.479.039.61

10.8712.8115.8518.90

19.0815.9314.7015.7218.5219.10

19.0417.8215.8715.0813.3112.37

13.2214.7814.6814.9414.4514.15

12.5910.1210.319.719.208.95

8.688.518.778.808.638.989.379.569.459.489.349.47

1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department."Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and

assuming, on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.4 Bank discount basis; prior to November 1979, data are for 4-6 months paper.5 For monthly data, high and low for the period. Prime rate for 1929-33 and 1947-48 are ranges of the rate in effect during the

period.6 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted bv the volume of transactions at

these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usuallythe one at which most transactions occurred.

7 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.

Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board (FHLBB),Moody's Investors Service, and Standard & Poor's Corporation.

299


TABLE B-68.—Consumer credit outstanding, 1950-83

[Amount outstanding (end of month); millions of dollars, seasonally adjusted]

Year and monthTotal

consumercredit

Installment credi t1

Total Automobile Revolving2 Mobile home 3 Other

Noninstalimentcredit4

December: '1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982




JulyAugSeptOctNov

24,95626,49631,72735,79537,13344,12347,98450,84151,28459,075

63,52566,13472,35181,05590,713101,063107,413112,676123,790134,129

139,355155,537175,286200,894210,634219,772244,932284,599332,849377,486

381,689405,654423,852

408,610408,861407,891411,377413,562416,313

417,209417,134418,089418,885420,333423,852

427,975427,887430,867434,101437,670443,245

448,618452,202455,519460,993467,084

15,16615,85920,12123,87024,47029,80932,66034,91434,73640,421

44,33545,43850,37557,05664,67472,81478,16281,78390,11299,381

103,905116,434131,258152,910162,203169,387190,725226,646269,392307,115

308,137326,274339,316

328,059328,781328,999330,634332,142333,884

334,276334,343335,180335,593336,897339,316

342,041342,776345,358347,629350,325354,731

359,571362,959365,334370,219374,890

6,0355,9817,6519,7029,75513,48514,49915,49314,26716,641

18,10817,65620,00122,89125,86529,37831,02431,13634,35236,946

36,34840,52247,83553,74054,24157,27967,79882,890101,863116,523

116,808125,323130,235

125,956126,102125,783126,258126,970127,727

127,628127,271127,473127,694128,824130,235

130,860130,627131,848132,537133,850135,823

138,244140,765141,050142,822144,060

2,0223,563

4,9008,2529,39111,31813,23214,46716,50536,42745,00453,174

54,65058,72262,830

58,85858,99759,45760,14460,78461,458

61,86762,00762,12062,30262,32662,830

62,89862,76363,94064,85765,37166,581

67,40267,71568,19469,33970,639

2,4337,1719,46813,50514,58214,38214,53014,89715,19916,843

17,30218,28018,912

18,36818,39418,35918,44718,53618,631

18,74418,91018,93218,93218,92018,912

19,33219,53619,47519,49719,51419,665

19,80619,87620,02620,12820,235

9,1319,87812,47014,16814,71516,32418,16119,42120,46923,780

26,22727,78230,37434,16538,80943,43647,13850,64753,73858,872

60,22460,48964,56474,34780,14883,25991,89292,432107,326120,575

119,377123,949127,339

124,877125,288125,400125,785125,852126,068

126,037126,155126,655126,665126,827127,339

128,951129,850130,095130,738131,590132,662

134,119134,603136,064137,930139,956

9,79010,63711,60611,92512,66314,31415,32415,92716,54818,654

19,19020,69621,97623,99926,03928,24929,25130,89333,67834,748

35,45039,10344,02847,98448,43150,38554,20757,95363,45770,371

73,55279,38084,536

80,551

78,89280,74381,42082,429

82,93382,79182,90983,29283,43684,536

85,93485,11185,50986,47287,34588,514

89,04789,24390,18590,77492,194

1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments. Credit secured by real estate is generally excluded.

2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstaliment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in other." Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.

3 Not reported separately prior to July 1970.4 Noninstaliment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and service

credit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.


300


TABLE B-69.—Net change in consumer credit outstanding, 1950-83

[Change from preceding period; millions of dollars, seasonally adjusted]

Year and monthTotal

consumercredit

Installment cred i t 1

TotalAuto-mobile

Revolv-ing *

Mobilehome3 Other

Nonin-stallmentcredit4

December:1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980...1981...1982...




July....Aug....Sept...OctNov....

4,7101,5405,2314,0681,3386,9903,8612,857443

7,791

4,4502,6096,2178,7049,65810,3506,3505,26311,11410,339

5,22616,18219,74925,6089,7409,138

25,16039,66748,25044,637

4,20323,96518,198

2,956251

-9703,4862,1852,751

896- 7 5955796

1,4483,519

4,123- 8 82,9803,2343,5695,575

5,3733,5843,3175,4746,091

3,220693

4,2623,749600

5,3392,8512,254-1 7 85,685

3,9141,1034,9376,6817,6188,1405,3483,6218,3299,269

4,52412,52914,82421,6529,2937,184

21,33835,92142,74637,723

1,02218,13713,042

1,785722218

1,6351,5081,742

39267

837413

1,3042,419

2,725735

2,5822,2712,6964,406

4,8403,3882,3754,8854,671

1,539— 541,6702,051

533,7301,014994

-1,2262,374

1,467-4522,3452,8902,9743,5131,646112

3,2162,594

-5984,1747,3135,905501

3,03810,51915,09218,97314,660

2858,5154,912

633146

-319475712757

-99-357202221

1,1301,411

625-2331,221689

1,3131,973

2,4212,521285

1,7721,238

2,0221,541

1,3373,3521,1391,9271,9141,2352,038

19,9228,5778,170

1,4764,0724,108

136139460687640674

40914011318224

504

68-1351,177917514

1,210

821313479

1,1451,300

2,4334,7382,2974,0371,077-200

148367302

1,644

459978632

26-35888995

113166220

-12

420204-612217

151

14170150102107

1,681747

2,5921,698547

1,6091,8371,2601,0483,311

2,4471,5552,5923,7914,6444,6273,7023,5093,0915,134

1,352265

4,0759,7835,8013,1118,633540

14,89413,249

-1,1984,5723,390

92841111238567

216

-3111850010

162512

1,612899245643852

1,072

1,457484

1,4611,8662,026

1,490847969319738

1,6511,010

603621

2,106

5361,5061,2802,0232,0402,2101,0021,6422,7851,070

7023,6534,9253,956

4471,9543,8223,7465,5046,914

3,1815,8285,156

1,171- 4 7 1

-1,1881,851

6771,009

504-142

118383144

1,100

1,398- 8 2 3

398963873

1,169

533196942589

1,420

1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments. Credit secured by real estate generally excluded.

2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in "other." Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.

3 Not reported separately prior to July 1970.4 Noninstallment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and service

credit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.

Note.—See also Table B-68.


3014 2 4 - 4 5 6 0 - 8 4 - 2 0Digitized for FRASER

http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-70.—Mortgage debt outstanding by type of property and of financing, 1939-83


End of yearor quarter

Allproper-

ties

Farmproper-

ties

Nonfarm properties

Total1- to 4-familyhouses

Multi-familyproper-

ties

Com-mercialproper-t ies 1

Nonfarm properties by type of mortgage

Government underwritten

Total2

1- to 4-family houses

TotalFHA

insured

VAguar-

anteed

Conventional3

Total1- to 4-familyhouses

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

1981: IIIIllIV

1982: IIIIllIV

1983:I

35.5

36.537.636.735.334.7

35.541.848.956.262.7

72.882.391.4101.3113.7

129.9144.5156.5171.8190.8

207.5228.0251.4278.5305.9

333.3356.5381.2410.9441.4

474.2526.5603.4681.6744.3

806.1893.0

1,022.61,173.61,337.7

1,471.81,583.31,655.2

1,497.61,533.31,561.71,583.3

1,602.91,624.31,632.21,655.2

1,682.61,724.11,774.2

6.6

6.56.46.05.44.9

4.84.95.15.35.6

6.16.77.27.78.2

9.09.810.411.112.1

12.813.915.216.818.9

21.223.125.127.429.2

30.332.235.841.346.3

51.156.663.670.882.7

92.0101.7106.8

94.597.5100.0101.7

103.9105.5106.4106.8

106.9107.7108.8

28.9

30.031.230.829.929.7

30.836.943.950.957.1

66.775.684.293.6

105.4

120.9134.6146.1160.7178.7

194.7214.1236.2261.7287.0

312.1333.4356.1383.5412.2

443.8494.3567.7640.3698.0

755.0836.4958.9

1,102.81,255.1

1,379.81,481.51,548.4

1,403.21,435.81,461.71,481.5

1,498.91,518.81,525.81,548.4

1,575.71,616.41,665.3

16.3

17.418.418.217.817.9

18.623.028.233.337.6

45.251.758.566.175.7

88.299.0

107.6117.7130.9

141.9154.6169.3186.4203.4

220.5232.9247.3264.8283.2

298.1328.3372.2415.5451.2

495.0560.7657.8770.6891.1

987.01,065.31,114.2

1,004.11,028.41,047.81,065.3

1,076.91,089.51,096.21,114.2

1,133.31,161.81,198.4

5.6

5.75.95.85.85.6

5.76.16.67.58.6

10.111.512.312.913.5

14.314.915.316.818.7

20.323.025.829.033.6

37.240.343.947.352.2

60.170.182.893.1

100.0

100.6104.5111.5120.7128.4

137.1136.4140.3

138.1139.3140.2136.4

137.7138.3138.4140.3

142.2145.4147.7

7.0

6.97.06.76.36.2

6.47.79.1

10.210.8

11.512.513.414.516.3

18.320.723.226.129.2

32.436.541.146.250.0

54.560.164.871.476.9

85.695.9

112.7131.7146.9

159.3171.2189.6211.4235.6

255.7279.9293.9

261.0268.1273.7279.9

284.3291.0291.2293.9

300.2309.2319.3

1.8

2.33.03.74.14.2

4.36.39.8

13.617.1

22.126.629.332.136.2

42.947.851.655.259.3

62.365.669.473.477.2

81.284.188.293.4

100.2

109.2120.7131.1135.0140.2

147.0154.1161.7176.4199.0

225.1238.9248.9

229.1233.6237.0238.9

240.5241.6246.8248.9

252.5261.1

1.8

2.33.03.74.14.2

4.36.19.3

12.515.0

18.822.925.428.132.1

38.943.947.250.153.8

56.459.162.265.969.2

73.176.179.984.490.2

97.3105.2113.0116.2121.3

127.7133.5141.6153.4172.9

195.2207.6217.9

198.8202.7205.9207.6

209.0209.8214.8217.9

222.1230.0

1.8

2.33.03.74.14.2

4.13.73.85.36.9

8.59.7

10.812.012.8

14.315.516.519.723.8

26.729.532.335.038.3

42.044.847.450.654.5

59.965.768.266.265.1

66.166.568.071.481.0

93.6101.3108.0

95.798.1

100.0101.3

102.0102.7106.2108.0

110.8115.8

0.22.45.57.28.1

10.313.214.616.119.3

24.628.430.730.430.0

29.729.629.930.930.9

31.131.332.533.835.7

37.339.544.750.056.2

61.667.073.682.092.0

101.6106.2109.9

103.1104.6105.9106.2

107.0107.1108.6109.9

111.3114.3

27.1

27.728.227.125.825.5

26.530.634.137.340.0

44.749.154.961.569.3

78.086.894.6

105.5119.4

132.3148.5166.9188.2209.8

231.0249.3267.9290.1312.0

334.6373.5436.5505.3557.8

608.0682.3797.2926.4

1,056.1

1,154.71,242.61,299.5

1,174.01,202.21,224.81,242.6

1,258.41,277.21,278.91,299.5

1,323.21,355.3

14.5

15.115.414.513.713.7

14.316.918.920.822.6

26.328.933.238.043.6

49.355.160.467.677.0

85.595.5

107.1120.5134.1

147.4156.9167.4180.4193.0

200.8223.1259.2299.2329.9

367.3427.1516.2617.3718.1

791.8857.7896.3

805.2825.7841.9857.7

868.0879.7881.4896.3

911.2931.8

1 Includes negligible amount of farm loans held by savings and loan associations.2 Includes FHA insured multifamily properties, not shown separately.3 Derived figures. Total includes multifamily and commercial properties, not shown separately.

Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.

302


TABLE B-71.— Mortgage debt outstanding by holder, 1939-83


End of yearor quarter Total

Major financial institutions

TotalSavingsand loanassocia-

tions

Mutualsavingsbanks

Commer-cial

banks1

Lifeinsur-ancecom-

panies

Other holders

Federaland

relatedagen-cies2

Individ-uals andothers

1939

19401941194219431944

1945..1946..1947..1948..1949..

1950..1951..1952..1953..1954..

19551956195719581959

19601961196219631964

19651966196719681969

1970..1971..1972..1973..1974..

1975..1976..1977..1978..1979..

1980..1981..1982..

1981: IIIIllIV

1982: I..

IV

1983: I....II...

35.5

36.537.636.735.334.7

35.541.848.956.262.7

72.882.391.4

101.3113.7

129.9144.5156.5171.8190.8

207.5228.0251.4278.5305.9

333.3356.5381.2410.9441.4

474.2526.5603.4681.6744.3

806.1893.0

1,022.61,173.61,337.7

1,471.81,583.31,655.2

1,497.61,533.31,561.71,583.3

1,602.91,624.31,632.21,655.2

1,682.61,724.11,774.2

18.6

19.520.720.720.220.2

21.026.031.837.842.9

51.759.566.975.185.7

99.3111.2119.7131.5145.5

157.6172.6192.5217.1241.0

264.6280.8298.8319.9339.1

355.9394.2450.0505.4542.6

581.2647.5745.0848.2938.6

997.21,040.81,023.7

1,007.01,023.31,034.01,040.8

1,041.71,042.91,027.01,023.7

1,029.81,049.81,080.3

3.8

4.14.64.64.64.8

5.47.18.9

10.311.6

13.715.618.422.026.1

31.435.740.045.653.1

60.168.878.890.9

101.3

110.3114.4121.8130.8140.2

150.3174.3206.2231.7249.3

278.6323.0381.2432.8475.7

503.2518.5482.2

507.6515.4519.0518.5

516.1513.0493.9482.2

475.7473.1481.3

4.8

4.94.84.64.44.3

4.24.44.95.86.7

8.39.9

11.412.915.0

17.519.721.223.325.0

26.929.132.336.240.6

44.647.350.553.556.1

57.962.067.673.274.9

77.281.688.195.298.9

99.9100.097.8

99.7100.0100.0100.0

97.596.394.497.8

105.4119.2128.1

4.3

4.64.94.74.54.4

4.87.29.4

10.911.6

13.714.715.916.918.6

21.022.723.325.528.1

28.830.434.539.444.0

49.754.459.065.770.7

73.382.599.3

119.1132.1

136.2151.3179.0214.0245.2

263.0284.5301.7

266.7273.2279.0284.5

289.4294.0298.3301.7

30.57312.7324.1

5.7

6.06.46.76.76.7

6.67.28.7

10.812.9

16.119.321.323.326.0

29.433.035.237.139.2

41.844.246.950.555.2

60.064.667.570.072.0

74.475.576.981.486.2

89.291.696.8

106.2118.8

131.1137.7141.9

132.9134.7136.0137.7

138.8139.5140.4141.9

143.0144.7146.9

5.0

4.94.74.33.63.0

2.42.01.81.82.3

2.83.54.14.64.8

5.36.27.78.0

10.2

11.512.212.611.812.2

13.517.520.925.131.1

38.346.454.664.882.1

101.0116.6140.3170.4215.7

256.6289.1354.8

263.5271.4279.9289.1

301.0315.1332.8354.8

374.6394.8412.9

11.9

12.012.211.711.511.5

12.113.815.316.617.5

18.419.320.421.723.2

25.327.129.132.335.1

38.443.146.349.552.7

55.258.261.465.971.2

79.985.998.9

111.4119.7

123.8128.9137.2155.0183.4

218.1253.3276.6

227.2238.6247.8253.3

260.2266.3272.3276.6

278.2279.6280.9

1 Includes loans held by nondeposit trust companies, but not by bank trust departments.2Includes former Federal National Mortgage Association (FNMA) and new Government National Mortgage Association (GNMA), as well

as Federal Housing Administration, Veterans Administration, Public Housing Administration, Farmers Home Administration, and in earlieryears Reconstruction Finance Corporation, Homeowners Loan Corporation, and Federal Farm Mortgage Corporation. Also includes GNMAPools and U.S.-sponsored agencies such as new FNMA, Federal Land Banks, and Federal Home Loan Mortgage Corporation. Other U.S.agencies (amounts small or current separate data not readily available) included with "individuals and others.

Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.

303


GOVERNMENT FINANCE

TABLE B-72.—Federal budget receipts, outlays, and debt, fiscal years 1974-85

[Millions of dollars; fiscal years]

DescriptionActual

1975 1976 1977 1978 1979

BUDGET RECEIPTS AND OUTLAYS:

Total receipts

Federal fundsTrust fundsInterfund transactions..

Total outlays

Federal fundsTrust fundsInterfund transactions....

Total surplus or deficit ( - ) . .

Federal fundsTrust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agencies..Held by the public

Federal Reserve System..Other

279,090

187,505116,683-25,098

324,245

240,081109,261-25,098

-45,154

-52,5767,422

544,131

147,225396,906

84,993311,913

298,060

201,099131,750-34,789

364,473

269,921129,341-34,789

-66,413

-68,8222,409

631,866

151,566480,300

94,714385,586

355,559

241,312150,560-36,313

400,506

295,756141,063-36,313

-44,948

_ 54 444

9^496

709,138

157,295551,843

105,004446,839

399,561

270,490165,568-36,498

448,368

331,991152,874-36,498

-48,807

-61,50112,694

780,425

169,477610,948

115,480495,468

463,302

316,366186,988-40,052

490,997

362,396168,653-40,052

-27,694

-40,03018,335

833,751

189,162644,589

115,594528,996

BUDGET RECEIPTS...

Individual income taxesCorporation income taxesSocial insurance taxes and contributions.Excise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by Federal Reserve System.All other

BUDGET OUTLAYS..

National defense l

International affairsGeneral science, space, and technology.EnergyNatural resources and environmentAgricultureCommerce and housing credit.TransportationCommunity and regional development.Education, training, employment, and social servicesHealthSocial security and medicare2

Social securityMedicare

Income securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interestAllowancesUndistributed offsetting receiptsx

Composition of undistributed offsetting receipts:Employer share, employee retirementx

Rents and royalties on the Outer Continental Shelf..

279,090

122,38640,62184,53416,5514,6113,676

5,777935

324,245

86,5097,0733,9912,1857,3431,6615,61210,3903,74115,88212,87077,53264,65812,87450,16016,5992,9512,9137,187

23,245

298,060

131,60341,40990,76916,9635,2164,074

5,4512,576

364,473

89,6195,7404,3733,1318,1812,4953,79613,4384,76718,74915,67789,73673,90315,83460,78418,4333,3242,6687,235

26,711

355,559

157,62654,892

106,48517,5487,3275,150

5,908623

400,506

97,2414,9914,6794,154

10,0275,537

10214,6406,348

20,99917,246

104,41485,06819,34561,04718,0383,6022,9419,499

29,878

399,561

180,98859,952

120,96718,3765,2856,573

6,641778

448,368

104,4956,1114,7465,837

10,9807,7173,337

15,44511,07226,47518,485

116,62993,86122,76861,48518,9783,8103,4429,601

35,441

-13,602

-11,174-2,428

-14,386

-11,724-2,662

-14,879

-12,505-2,374

-15,720

-13,461-2,259

463,302

217,84165,677

138,93918,7455,4117,439

8,327925

490,997

116,3426,2635,0516,863

12,1336,1912,579

17,4689,544

29,69320,477

130,567104,07326,49566,35919,9314,1693,8558,372

42,615

-17,476

-14,209-3,267

1 Starting in 1985 military retired pay will be financed from a trust fund in the income security function. The national defensefunction will include accrual charges to pay for retirement benefits earned by currently active duty personnel, and these will be offset inthe undistributed offsetting receipts (employer share, employee retirement). The data for the earlier years have been adjusted to becomparable to this new usage.

2 The Social Security Amendments of 1983 require that social security and medicare show in the budget as a separate function. Inprevious budgets social security was in the income security function and medicare was in the health function. The data in this tablenave been reconstructed to be comparable for all years shown.


304


TABLE B-72.—Federal budget receipts, outlays, and debt, fiscal years 1974-85—Continued

[Millions of dollars; fiscal years]

DescriptionActual

1980 1981 1982 1983

Estimates

1984 1985

BUDGET RECEIPTS AND OUTLAYS:

Total receipts


Total outlays


Total surplus or deficit ( - ) ..

Federal funds...Trust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agencies..Held by the public

Federal Reserve System..Other

517,112

350,856210,930-44,674

576,675

419,220202,129-44,674

-59,563

-68,3648,801

914,317

199,212715,105

120,846594,259

599,272

410,422239,413-50,563

657,204

475,171232,596-50,563

-57,932

-64,7496,817

1,003,941

209,507794,434

124,466669,968

617,766

409,253268,407-59,894

728,375

526,113262,155-59,894

-110,609

-116,8606,252

1,146,987

217,560929,427

134,497794,929

600,562

382,432317,368-99,238

795,969

600,920294,287-99,238

-195,407

-218,48823,081

1,381,886

240,1161,141,770

155,527986,243

670,071

420,009331,511-81,449

853,760

628,789306,420

-81,449

-183,689

-208,78025,091

1,591,573

266,8031,324,770

745,127

464,246393,460

-112,578

925,492

687,221350,850

-112,578

-180,365

-222,97542,610

1,828,388

310,6181,517,770

BUDGET RECEIPTS

Individual income taxesCorporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts-.

Deposits of earnings by Federal ReserveSystem

All other

BUDGET OUTLAYS

National defense x

International affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing creditTransportationCommunity and regional developmentEducation, training, employment, and social serv-

icesHealthSocial security and medicare2

Social securityMedicare

Income securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interestAllowancesUndistributed offsetting receipts1

Composition of undistributed offsetting receipts-.Employer share, employee retirement l

Rents and royalties on the Outer ContinentalShelf

517,112

244,06964,600

157,80324,3296,3897,174

11,767981

576,675

133,99510,8825,7266,312

13,8564,8577,788

21,13210,072

30,79523,148

150,648118,55932,08986,41121,1854,5824,1338,584

52,511

599,272

285,91761,137

182,72040,839

6,7878,083

12,834956

657,204

157,51311,2506,358

10,27713,5655,5333,953

23,3959,395

31,42426,858

178,733139,58439,14999,24322,9914,7624,4056,856

68,734

617,766

297,74449,207

201,49836,311

7,9918,854

15,186975

728,375

185,30810,1057,0804,68112,99514,8893,86720,5707,166

26,32927,435

202,531155,96446,567107,02223,9584,7034,4486,393

84,995

600,562

288,93837,022

208,99435,3006,0538,655

14,4921,109

795,969

209,9018,9957,7453,99912,66922,2064,422

21,3856,936

26,60628,655

223,311170,72452,588122,15624,8465,0994,7846,454

89,774

670,071

293,26066,606

239,49438,1955,9229,064

14,3523,179

853,760

237,54613,5028,2913,46312,30210,6933,805

26,1237,594

28,68330,665

240,225179,16161,064112,46225,7996,0215,6526,741

108,239

-19,942

-15,842

-4,101

-28,041

-17,903

-10,138

-26,099

-19,849

-6,250

-33,976

-23,484

-10,491

-34,047

-25,347

-8,700

745,127

328,41076,540

270,68338,4435,6459,370

14,7991,238

925,492

272,04017,4928,8183,144

11,34614,319

1,12727,0617,586

27,89332,916

260,321190,63969,683

114,36026,723

6,1405,7446,658

116,138938

-35,273

-27 ,873

- 7 , 4 0 0

Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning withfiscal year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis. Beginning October 1976 (fiscal year 1977),the fiscal year is on an October 1-September 30 basis.

Refunds of receipts are excluded from receipts and outlays.

See "Budget of the United States Government, Fiscal Year 1985" for additional information.

Sources: Department of the Treasury and Office of Management and Budget.

305


TABLE B-7'3.—Federal receipts and outlays, off-budget outlays, and debt, fiscal years

1929-85[Billions of dollars]

Fiscal year

1929

1933

1939

19401941 . ...194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971 .197219731974

19751976Transition quarter197719781979

19801981198219831984 2

1985

Budget

Receipts

3.9

2.0

5.0

6.48.6

14.423.644.3

45 239.338.441.839.4

39.551.666.269.669.7

65 574.580.079 679.2

92.594.499 7

106.6112.7

116.8130 9148.9153 0186.9

192.8187 1207 3230.8263.2

27912981

81.2355.6399.6463 3

517.1599 3617.8600 6670.1745.1

Outlays

3.1

4.6

8.8

9.513.635.178.591.3

92 755.234.529.838.8

42.645.567.776.170.9

68 570.576.782 692.1

92.297.8

106 8111.3118.6

118.4134 7157.61781183.6

195.7210 2230 7245.6267.9

324 2364 594.2

400.5448.44910

576.7657 2728.4796 0853.8925.5

Surplus ordeficit

0.7

- 2 . 6

3.9

3.1- 5 . 020.8

-54.9-47.0

- 4 7 515.93.9

12.0.6

3.16.11.5

- 6 . 51.2

- 3 04.13.229

-12.9

.3- 3 . 4

71- 4 . 8

5.9

- 1 . 638

-8 .725 2

3.2

2.823 023 4

-14.8-4 .7

45 266 4

-13.0-44.9-48.8- 2 7 7

-59.657 9

-110.6- 1 9 5 4-183.7-180.4

Off-budgetoutlays

0.11.4

8.1731.88.7

10.412.5

14.221017.312.416.214.8

Budgetand off-budget

surplus ordeficit

-14.9- 6 . 1

-53 .2-73.7

14.7-53 .6-59 .2-40 .2

-73.8- 7 8 9

-127.9-207.8

199.9-195.2

Gross Federal debt (endof period)

Total

48.2

50.757.579.2

142.6204.1

2601271.0257.1252.0252.6

256.9255.3259.1266.0270.8

274.4272.8272.4279 7287.8

290.9292.9303.3310.8316.8

323.2329.5341.3369 8367.1

382.6409.5437 3468.4486.2

544.1631.9646.4709.1780.4833.8

914.31,003.91,147.01,381.91,591.61,828.4

Held bythe public

41.4

42.848.267.8

127.8184.8

235.2241.9224.3216.3214.3

219.0214.3214.8218.4224.5

226.6222.2219.4226.4235.0

237.2238.6248.4254.5257.6

261.6264.7267.5290 6279.5

284.9304.3323.8343.0346.1

396.9480.3498.3551.8610.9644.6

715.1794.4929.4

1,141.81,324.81,517.8

1 Not strictly comparable with later data.2 Estimates.Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with

fiscal year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977),the fiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is aseparate fiscal period known as the transition quarter.

Data for 1929-39 are according to the administrative budget and those beginning 1940 according to the unified budget.Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1985" for additional information.Sources: Department of the Treasury and Office of Management and Budget.

306


TABLE B-74.—Relation of Federal Government receipts and expenditures in the national income and

product accounts to the unified budget, fiscal years 1983-85

[Billions of dollars; fiscal years]

Receipts and expenditures 1983

Estimate

1984 1985

RECEIPTSTotal budget receipts..,

Government contribution for employee retirement (grossing)..Other netting and grossingAdjustment to accrualsGeographic exclusionsOthlr

Federal sector, national income and product accounts, receipts..

EXPENDITURESTotal budget outlays

Lending and financial transactionsGovernment contribution for employee retirement (grossing)..Other netting and grossingDefense timing adjustmentBonuses on Outer Continental Shelf land leasesGeographic exclusionsOther

Federal sector, national income and product accounts, expenditures...

600.6

12.29.49.7

- 1 . 4.2

630.7

796.0

816.4

670.1

13.012.1

- 2 . 2-1 .7

691.3

853.8

875.5

745.1

14.413.58.3

- 1 . 9.2

779.2

925.5

-5 .712.29.41.07.4

- 4 . 91.0

- 7 . 013.012.1

.65.1

-5 .13.0

- 4 . 814.413.5

- 1 . 94.0

- 5 . 32.4

947.8

Note.—See Note, Table B-73.See Special Analysis B, "Special Analyses, Budget of the United States Government, Fiscal Year 1985" for description of these

categories.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and

Budget.

307


TABLE B-75.—Government receipts and expenditures, national income and product accounts, 1929-83


Calendar year or quarter

1929 .19331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983"

1981:1IIIIIIV

1982:1IIIIIIV

1983:1IIIllIV P

Total government

Receipts

11.39.3

15.4

17.725.032.649.251.253.251.056.958.955.9

69.085.290.194.689.9

101.1109.7116.2115 0129.4

139.5144 8156.7168.5174.0188.3212.3228.2263 1296.7

302.8322.6368.3413.1455.2470 5538 4605.4681.9765.1

838.3957.2972.5

1,040.1

938.2948.1974 0968.4

962.9973 9975.0978.3

999 21,044.61,050.6

Expendi-tures

10.310.717.6

18.428 864.093.3

103.092.745.642.550.559.3

61.079.293.9

101.697.098.0

104.5115.2127 6131.0

136.4149 1160.5167.8176.3187.8213.6242.4269 1286.8

313.4342.0371.6405.3460.0534 3574 9623.3681.1750.8

869.0984.1

1,088.31,171.9

946.3958.79991

1,032.2

1,042.7105511,101.91,153.7

1142 11,159.01,182.41204 0

Surplus ordeficit

nationalincome

andproduct

accounts

1.0- 1 . 4

2.2

_ j

-3^8-31 .4-44.1-51.8

39.55.4

14.48.4

- 3 . 4

8.06.13.8

- 6 . 9-7 .1

3.15.2

.9- 1 2 6

- 1 . 6

3.14 3

- 3 . 8.7

- 2 . 3.5

- 1 . 314.2609.9

-10.6-19.4

- 3 . 37.84.7

63 836 5

-17.8.8

14.3

30.7-26.9

-115.8-131.8

- 8 . 1-10.6

25 2-63.7

-79.7812

-127.0-175.3

-142 9-114.4-131.8

Federal Government

Receipts

3.82.76.7

8.615.422.939.341.042.539.143.243.238.7

50.064.367.370.063.772.678.081.978 789.8

96.1981

106.2114.4114.9124.3141.8150.5174 4196.9

191.9198.6227.5258.6287.8287 33318375.2431.6493.6

540.9627.0617.4643.3

617.4622.6638 8629.2

619.5622 2615.2612.6

623 3652.6645.2

Expendi-tures

2.64.08.9

10.020.556.185.895.584.635.629.834.941.3

40.857.871.177.169.868.171.979.688 991.0

93.11019110.4114.2118.2123.8143.6163.7180 5188.4

204.3220.6244.3264.2299.3356 6384 8421.1461.0509.7

602.1689.2764.4826.2

660.8669.97012725.0

728.0735 4773.5820.9

806.6818.7832.5847.0

Surplus ordeficit(-),

nationalincome

andproductaccounts

1.2- 1 . 3- 2 . 2

- 1 . 3- 5 . 133.1

-46.654.5

-42.13.5

13.48.3

- 2 . 6

9.26.53.7

- 7 . 16.04.46.12.3

-10.31.1

3.0- 3 9- 4 . 2

.3- 3 . 3

.5- 1 . 8

-13.2608.4

12.4-22.0-16.8

- 5 . 6-11.5

69 353145.9

-29.5-16.1

-61.262.2

-147.1-182.9

-43.4-47.3-62.4

95.8

-108.5-113.2-158.3-208.2

-183.3-166.1

187.3

State and locagovernment

Receipts

7.67.29.6

10.010 410.610.911.111.613.015.417.719.5

21.323.425.427.429.031.735.038.542.046.4

49.954 058.563.269.575.184.893.6

107 3120.2

135.4153.0178.3195.0211.4237 7267 8297.7327.6352.0

386.1418.1439.1483.3

411.3415.9421.6423.4

425.9436.8442.8450.7

461.7478.7492.7

Expendi-tures

7.87.29.6

9.39.18.88.48.59.0

11.114.417.620.2

22.523.925.527.330.232.935.939.844.346.9

49.854.458.062.868.575.184.394.7

107.2118.7

133.5150.4164.8181.6204.6232.2251.2269.7297.3321.5

355.5382.7407.8432.3

376.0379.2384.3391.4

397.2404.8411.4417.8

421.3427.0437.1443.5

Surplus ordeficit(-),

nationalincome

andproductaccounts

02- . 1

.0

.6131.82.52.72.61.91.0.1

- . 7

- 1 . 2- . 4

.0

.11.1

- 1 . 3- . 91.4

- 2 . 4- .4

.1- . 4

.5

.51.0

- . 0.5

-1 .1.1

1.5

1.92.6

13.513.46.85.5

16.628.030.330.4

30.635.331.351.0

35.336.737.332.0

28.832.031.332.9

40.451.755.5

Note.—Federal grants-in-aid to State and local governments are reflected in Federal expenditures and State and local receipts Totalgovernment receipts and expenditures have been adjusted to eliminate this duplication.


308


TABLE B-76.—Federal Government receipts and expenditures, national income and product accounts,

1959-85


Year or quarter

Receipts

Total

Personaltax andnontax

receiptsaccruals accruals

Corpo-rate

profitstax

Indirectbusinesstax andnontax

Contri-butions

forsocialinsur-ance

Expenditures

Total1

Pur-chases

of goodsand

servicesTo

persons

Transferpayments

Toforeign-

ers

Grants-in-aid to

Stateandlocal

govern-ments

Netinter-estpaid

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

Surplusor

deficit(-),

nationalincome

andproduct

accounts

Fiscal year:2

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984 31985 3

Calendar year:1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 »

1982:IIIIllIV

1983:IIIIllIV *.

85.494.895.0

104.0110.0115.6120.0132.7146.0159.9189.8194.8192.4213.4240.7271.6283.4314.9365.9414.3480.8525.9610.3627.8630.7691.3779.2

89.896.198.1

106.2114.4114.9124.3141.8150.5174.4196.9191.9198.6227.5258.6287.8287.3331.8375.2431.6493.6540.9627.0617.4643.3

619.5622.2615.2612.6

623.3652.6645.2

38.242.543.647.349.650.751.457.564.471.490.294.087.9

100.5107.4122.7127.5137.2166.4186.5222.6250.4289.3310.4295.3302.1340.8

39.943.644.748.651.548.653.961.767.579.795.192.690.3

108.2114.7131.3125.8147.3170.1194.9230.6257.7298.6304.7295.8

306.5308.5300.6303.0

297.7304.2286.9294.3

21.422.320.022.723.325.727.130.830.333.136.832.931.934.241.243.441.852.558.967.376.169.970.551.354.374.893.5

22.521.421.522.524.626.128.931.430.036.136.130.633.536.643.345.143.654.661.671.374.270.367.546.559.3

47.648.447.842.1

48.659.866.6

12.013.213.314.215.015.616.915.515.817.118.619.220.019.920.721.422.224.324.527.229.135.553.650.350.756.655.4

12.513.413.614.615.316.216.515.616.318.019.019.320.420.021.221.723.923.425.028.129.439.056.448.353.9

49.547.747.948.3

48.656.055.555.3

13.916.718.119.922.123.624.528.935.538.344.248.852.658.971.584.291.9

101.0116.2133.3153.1170.0196.9215.7230.4257.8289.5

14.917.618.320.523.124.025.033.136.740.746.749.354.462.779.589.894.1

106.5118.5137.2159.5173.9204.5217.9234.4

215.8217.6218.9219.3

228.5232.6236.2240.2

91.291.398.1

106.2111.7117.2118.5132.7154.9172.2184.6195.5212.9232.7255.7278.2328.8370.7411.2450.4495.6576.5668.1740.0816.4875.5947.8

91.093.1

101.9110.4114.2118.2123.8143.6163.7180.5188.4204.3220.6244.3264.2299.3356.6384.8421.1461.0509.7602.1689.2764.4826.2

728.0735.4773.5820.9

806.6818.7832.5847.0

54.852.955.861.063.765.964.672.486.095.098.097.194.9

100.6101.1104.5117.9125.1139.8150.4164.1189.3218.5251.0274.7292.6340.0

53.953.757.463.764.665.267.378.890.998.097.695.796.2

101.7102.0111.0122.7129.2143.4153.6168.3197.0229.2258.7275.2

249.7244.1261.7279.2

273.5273.7278.1275.6

19.920.623.625.126.527.428.431.837.242.748.755.067.776.187.2

101.8131.4153.8166.6178.7197.8234.6273.5304.1338.5347.0367.8

20.121.625.025.627.027.930.333.540.146.050.661.372.780.593.3

114.5146.3158.8169.6181.8205.0246.2280.9314.8338.7

296.5305.3320.1337.;

335.3341.0337.5340.9

1.81.82.12.12.12.22.22.32.22.12.22.02.32.82.73.03.13.03.23.54.14.85.86.16.27.48.5

1.81.92.12.22.22.22.22.32.22.12.12.22.62.72.63.23.13.23.33.84.25.35.76.35.8

6.05.95.87.6

5.06.06.06.4

6.26.96.97.68.39.8

10.912.714.817.819.222.626.832.640.441.648.457.566.374.779.186.790.183.485.791.895.6

6.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.986.5

82.585.183.085.0

85.886.787.286.5

5.66.86.46.47.17.78.28.79.6

10.411.913.514.014.015.719.621.725.228.433.540.650.767.782.290.6

108.6117.1

6.26.86.26.87.38.08.49.29.8

11.312.714.113.814.418.020.723.126.829.135.242.453.473.284.996.7

79.782.388.689.1

88.491.8

101.0105.7

2.52.43.34.14.04.14.34.85.24.14.75.57.06.59.27.66.06.26.99.79.9

10.412.513.220.328.118.8

2.12.64.04.23.94.54.65.54.74.55.26.56.37.97.85.56.95.88.29.59.2

11.512.415.822.8

13.412.714.222.8

18.618.222.331.9

- 5 . 83.4

- 3 . 1-2 .2-1 .7- 1 . 5

1.4.0

- 8 . 9-12 .3

5.2- . 7

-20 .5-19.2-14.9

-6 .6-45.4-55.8-45.3-36.1-14.8-50.7-57.8

-112.2-185.7-184.2-168.6

- 1 . 13.0

- 3 . 9-4 .2

- 3 . 3.5

- 1 . 8-13.2- 6 . 0

8.4-12.4-22.0-16.8

-5 .6-11 .5-69 .3-53.1-45.9-29 .5-16.1-61.2-62.2

-147.1-182.9

-108.5-113.2-158.3-208.2

-183.3-166.1-187.3

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with fiscal

year 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 19/6 is a separatefiscal period known as the transition quarter.

3 Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.

309


TABLE B-77.—State and local government receipts and expenditures, national income and product accounts,

1946-83


Calendar yearor quarter

1946194719481949

1950195119521953 .1954

19551956..19571958..1959

19601961..196219631964

1965.1966.19671968..1969

19701971.197219731974

19751976.1977.19781979

198019811982..1983 P

1981:1...||IIIIV

1982:IIIIII.IV

1983:1||IIIIV P

Receipts

Total

13.015 417.719.5

21.323 425.427 429.0

31.735 038.542.046.4

49.954.058.563.269.5

75184 893.6

107.3120.2

135.4153 0178.3195.0211.4

237.7267.8297 7327.6352.0

386.1418.1439.1483.3

4113415.9421.6423.4

425 9436.8442 8450.7

461.7478 7492.7

Personaltax andnontax

receipts

1.5172.12.4

2.5283.0323.5

3.94 55.05.46.1

6.77.48.28.8

10.0

10 912 814.617.520.6

23.226 432.836.039.0

43.149.656 363.870.4

78.888.797.4

110.5

85 087.490.392.3

93 795.699 3

101.2

104.1108 4113.31164

Corpo-rate

profitstax

accruals

0.56.7.6

.89.88.8

1.0101.01.01.2

1.21.31.51.71.8

20222.53.13.4

3.54 15.05.86.5

7.19.3

11111.913.4

14.515.312.716.4

16 714.915.514.2

12 713.113 011.9

12.916 218.4

Indirectbusinesstax andnontax

accruals

9.310 712.213.3

14.615 917.418 819.9

21.623 825.727.229.3

32.034.437.039.442.6

46149 754.060.967.6

75.083 391.599.7

107.4

116.2128.3140 7150.0160.2

174.4193.5210.0232.0

187 3190.9196.6199.3

203 0208.3212 0216.6

222.0229 9235.6240.4

Contribu-tions for

socialinsurance

0.67.8.9

1.1141.6172.0

2.1232.62.83.1

3.43.73.94.24.7

50576.77.28.3

9.210 211.513.014.6

16.819.522 124.727.4

29.732.635.137.9

31732.332.833.4

34 034.735 436.1

36.937 538.238.9

Federalgrants-in-

aid

1.11.72.02.2

2.3252.6282.9

3.13.34.25.66.8

6.57.28.09.1

10.4

11114 415.918.620.3

24.429 037.540.643.9

54.661.167 577.380.5

88.787.983.986.5

90 590.486.484.2

82 585.183.085.0

85.886.787.286.5

Expenditures

Total»

11.114.417.620.2

22.523 925.527 330.2

32.935 939.844.346.9

49.854.458.062.868.5

75184 394.7

107.2118.7

133.5150 4164.8181.6204.6

232.2251.2269 7297.3321.5

355.5382.7407.8432.3

376 0379.2384.3391.4

397 2404.84114417.8

421.3427 0437.1443.5

Pur-chases

ofgoodsand

services

9.912.815.318.0

19.821823.225 027.8

30.633 537.141.143.7

46.550.854.359.064.6

71179 889.3

101.0111.2

124.4138 7151.4168.5193.1

217.2232.9250 4278.3306.0

340.8366.5390.5415.0

360 5363.2367.9374.3

380 0387.5394 0400.5

404.0409 7420.2426.1

Trans-ferpay-

mentsto

per-sons

1.72.33.03.0

3.63 13.3353.6

3.8394.34.85.1

5.45.86.06.46.9

738 19.4

10.512.2

14.717 319.320.720.9

24.627.629 732.835.0

39.743.345.649.3

42 543.243.744.0

44 445.046.047.1

48.349.049.450.5

Netinterest

paidlessdivi-

dendsreceived

0.2.1.1.1

.10.00.1

.1

.1

.1

.1

.1

.1

.1

.1

.11

_ 37

- . 9- 1 . 1

14

- 2 . 0- 1 7-1 .9- 3 . 3

50

- 5 . 1- 4 . 5

53-7 .9

-13.8

-18.9-21.1-22 .1-25.5

-21.0213

-21.3-21.0

- 2 1 0-21.4-22.3-23.6

-24.6-25.2-25.8-26.4

Subsi-diesiess

currentsurplus

ofgovern-

mententer-prises

07- .8

8- . 9

- . 9- 1 0- 1 . 1-1 .2- 1 . 3

1 5-1 .6-1 .7- 1 . 7- 2 . 0

-2 .2- 2 . 3- 2 . 5- 2 . 8- 2 . 8

-3 .0- 3 . 0- 3 . 1-3 .2- 3 . 3

-3 .6-3 .7- 4 . 2- 4 . 3- 4 . 4

- 4 . 5-4 .8- 5 1- 5 . 7-5 .9

- 6 . 1-6 .0- 6 . 3- 6 . 5

-6 .0-5 .9-5 .9-6 .0

-6 .2- 6 . 3- 6 . 3-6 .2

- 6 . 3- 6 . 4- 6 . 5- 6 . 7

Surplusor

deficit(-),

nationalincome

andproduct

accounts

1.91.0.1

- . 7

-1 .2_ 4- . 0

.1- 1 . 1

1 3- .914

- 2 . 4- . 4

.1- . 4

.5

.51.0

- . 0.5

- 1 . 1.1

1.5

1.92.6

13.513.46.8

5.516.628.030.330.4

30.635.331.351.0

35.336.737.332.0

28.832.031.332.9

40.451.755.5

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.

310


TABLE B-78.—State and local government revenues and expenditures, selected fiscal years, 1927-82

[Millions of dollars]

Fiscal year1

General revenues by source2

TotalProperty

taxes

Salesand

grossre-

ceiptstaxes

Individu-al

incometaxes

Corpo-ration

netincometaxes

Revenuefrom

FederalGovern-

ment

Allother3

General expenditures by function2

Total Education High-ways

Publicwelfare

Allother4

1927

1932193419361938

19401942194419461948

1950195219531954

19551956195719581959

1960196119621963

1962-63..1963-64..1964-65..

1965-66..1966-67..1967-68..1968-69..1969-70..

1970-71..1971-72...1972-73..1973-74..1974-75..

1975-76..1976-77..1977-78..1978-79..1979-80..

1980-81..1981-82..

7,271

7,2677,6788,3959,228

9,60910,41810,90812,35617,250

20,91125,18127,30729,012

31,07334,66738,16441,21945,306

50,50554,03758,25262,890

62,26968,44374,000

83,03691,197101,264114,550130,756

144,927167,541190,214207,670228,171

256,176285,157315,960343,278382,322

423,404456,182

4,730

4,4874,0764,0934,440

4,4304,5374,6044,9866,126

7,3498,6529,3759,967

10,73511,74912,86414,04714,983

16,40518,00219,05420,089

19,83321,24122,583

24,67026,04727,74730,67334,054

37,85242,87745,28347,70551,491

57,00162,52766,42264,94468,499

74,96981,918

470

7521,0081,4841,794

1,9822,3512,2892,9864,442

5,1546,3576,9277,276

7,6438,6919,4679,82910,437

11,84912,46313,49414,456

14,44615,76217,118

19,08520,53022,91126,51930,322

33,23337,51842,04746,09849,815

54,54760,64167,59674,24779,927

85,97193,636

153218

224276342422543

788998

1,0651,127

1,2371,5381,7541,7591,994

2,4632,6133,0373,269

3,2673,7914,090

4,7605,8257,3088,90810,812

11,90015,22717,99419,49121,454

24,57529,24633,17636,93242,080

46,42650,785

92

7949113165

156272451447592

593846817778

744890984

1,0181,001

1,1801,2661,3081,505

1,5051,6951,929

2,0382,2272,5183,1803,738

3,4244,4165,4256,0156,642

7,2739,17410,73812,12813,321

14,14315,033

116

2321,016948800

945858954855

1,861

2,4862,5662,8702,966

3,1313,3353,8434,8656,377

6,9747,1317,8718,722

8,66310,00211,029

13,21415,37017,18119,15321,857

26,14631,34239,25641,82047,034

55,58962,44469,59275,16483,029

90,29486,945

1,793

1,6431,4491,6041,811

1,8722,1232,2692,6613,685

4,5415,7636,2526,897

7,5848,4659,2529,69910,516

11,63412,56313,48914,850

14,55615,95117,250

19,26921,19723,59826,11829,971

32,37436,16240,21046,54151,735

57,19161,12468,43679,86495,466111,599127,864

7,210

7,7657,1817,6448,757

9,2299,1908,86311,02817,684

22,78726,09827,91030,701

33,72436,71140,37544,85148,887

51,87656,20160,20664,816

63,97769,30274,678

82,84393,350102,411116,728131,332

150,674168,550181,357198,959230,721

256,731274,215296,983327,517369,086

407,449435,323

2,235

2,3111,8312,1772,491

2,6382,5862,7933,3565,379

7,1778,3189,39010,557

11,90713,22014,13415,91917,283

18,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,23852,718

59,41365,81469,71475,83387,858

97,216102,780110,758119,448133,211

145,784154,573

1,809

1,7411,5091,4251,650

1,5731,4901,2001,6723,036

3,8034,6504,9875,527

6,4526,9537,8168,5679,592

9,4289,844

10,35711,136

11,15011,66412,221

12,77013,93214,48115,41716,427

18,09519,02118,61519,94622,528

23,90723,05824,60928,44033,311

34,60334,545

151

444889827

1,069

1,1561,2251,1331,4092,099

2,9402,7882,9143,060

3,1683,1393,4853,8184,136

4,4044,7205,0845,481

5,4205,7666,315

6,7578,2189,857

12,11014,679

18,22621,11723,58225,08528,155

32,60435,90639,14041,89847,288

54,12158,050

3,015

3,2692,9523,2153,547

3,8623,8893,7374,5917,170

8,86710,34210,61911,557

12,19713,39914,94016,54717,876

19,32521,06322,54924,423

23,67825,58627,579

30,02933,28136,91541,96347,508

54,94062,59769,44678,09692,180

103,004112,472122,476137,731155,277

172,941188,155

1 Fiscal years not the same for all governments. See Note.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmental

receipts and payments between State and local governments are also excluded.3 Includes licenses and other taxes and charges and miscellaneous revenues.4 Includes expenditures for hospitals, health, social insurance administration, veterans' services, air transportation, water transport

and terminals, parking facilities, police protection, fire protection, correction, protective inspection and regulation, sewerage, naturalresources, parks and recreation, housing and urban renewal, sanitation other than sewerage, general control, financial administration,general public buildings, interest on general debt and unallocable items.

Note.—Data for fiscal years listed from 1962-63 to 1981-82 are the aggregations of data for government fiscal years which endedin the 12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal yearsending during that particular calendar year.

Data are not available for intervening years.


311


TABLE B-79.—Interest-bearing public debt securities by kind of obligation, 1967-83


End of yearor month

Totalinterest-bearingpublicdebt

securities

Marketable

Total Treasurybills

Treasurynotes

Treasurybonds*

Nonmarketabfe

TotalU.S.

savingsbonds

Foreigngovern-

mentand

publicseries3

Govern-ment

accountseries

Other3

Fiscal year:196719681969

19701971197219731974

19751976197719781979

1980198119821983

1982:JanFebMar

May"!;."!!!!!;;;!;June




322,286344,401351,729

369,026396,289425,360456,353473,238

532,122619,254697,629766,971819,007

906,402996,495

1,140,8831,375,751

1,032,6781,042,1981,059,8151,064,5381,066,4101,078,431

1,083,2961,108,1311,140,8831,136,8261,160,4891,195,496

1,199,5991,213,7421,242,9931,242,0671,289,8971,318,111

1,320,6711,346,9151,375,7511,383,2651,387,8601,400,906

4 210,672226,592226,107

232,599245,473257,202262,971266,575

315,606392,581443,508.485,155506,693

594,506683,209824,422

1,024,000

726,542737,532752,620755,833755,688763,995

774,077801,427824,422824,662852,463881,476

888,659907,652937,751935,478957,347978,929

985,7091,010,3711,024,0001,035,3301,044,3131,050,892

58,53564,44068,356

76,15486,67794,648

100,061105,019

128,569161,198156,091160,936161,378

199,832223,388277,900340,733

250,562254,037256,212254,880256,114256,007

262,009273,066277,900283,923293,531311,820

308,099314,882331,884325,939325,213334,299

337,581340,413340,733339,969335,310343,815

49,10871,07378,946

93,489104,807113,419117,840128,419

150,257191,758241,692267,865274,242

310,903363,643442,890557,525

374,357382,070395,042399,700398,408406,925

411,070427,426442,890438,068454,229465,030

472,986481,300494,431494,904513,626527,142

527,183544,158557,525566,159575,252573,376

97,41891,07978,805

62,95653,98949,13545,07133,137

36,77939,62645,72456,35571,073

83,77296,178

103,631125,742

101,623101,426101,366101,253101,166101,063

100,998100,935103,631102,672104,702104,627

107,574111,471111,436114,635118,508117,488

120,946125,800125,742129,202133,751133,701

111,614117,808125,623

136,426150,816168,158193,382206,663

216,516226,673254,121281,816312,314

311,896313,286316,461351,751

306,136304,666307,195308,705310,722314,436

309,218306,704316,461312,164308,026314,020

310,940306,090305,243306,589332,550339,182

334,961336,544351,751347,935343,547350,015

51,21351,71251,711

51,28153,00355,92159,41861,921

65,48269,73375,41179,79880,440

72,72768,01767,27470,024

67,58167,37867,16367,03467,08267,122

67,13267,14867,27467,51467,80167,719

67,81468,04268,24168,53368;91969,140

69,46669,74770,02470,35170,61970,466

1,5143,7414,070

4,7559,270

18,98528,52425,011

23,21621,50021,79921,68028,115

25,15820,49914,64111,450

18,92018,38419,64119,44618,39517,457

16,64315,60614,64114,62714,86314,691

14,01812,68512,39211,96311,14411,405

11,19311,05211,45011,50010,51210,448

56,15559,52666,790

76,32382,78489,598

101,738115,442

124,173130,557140,113153,271176,360

189,848201,052210,462234,684

196,393195,722196,707198,538201,290205,954

201,502199,896210,462205,717199,903205,427

203,031199,125196,970197,593222,446225,041

220,607221,357234,684230,324226,214231,887

2,7312,8283,051

4,0685,7593,6543,7014,289

3,6444,883

16,79727,06727,400

24,16423,71824,08535,593

23,24323,18223,68423,68723,95523,902

23,94124,05424,08524,30525,45926,183

26,07726,23927,64028,50030,04133,596

33,69634,38935,59335,76036,20237,214

1 Includes Treasury bonds and minor amounts of Panama Canal and postal savings bonds.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-

currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and special

issues held only by U.S. Government agencies and trust funds and the Federal home loan banks.4 Includes $5,610 million in certificates not shown separately.

Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis.

Source-. Department of the Treasury.

312


TABLE B-80.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-83

End of year or month

Amountout-

standing,privately

held

Maturity class

Withinlyear

I t o 5years

5 to 10years

10 to 20years

20 yearsand over

Average length

Millions of dollars Years

Fiscal year:196719681969.

19701971197219731974

19751976197719781979

1980198119821983





150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782326,674356,501380,530

463,717549,863682,043862,631

590,139604,671619,030613,576618,699628,997

634,556660,583682,043685,969708,769736,148

750,274766,075795,087789,629810,150831,309

835,893857,935862,631883,287888,932893,991

56,56166,74669,311

76,44374,80379,50984,04187,150

115,677151,723161,329163,819181,883

220,084256,187314,436379,579

284,171290,697295,476289,000290,476293,266

295,118309,446314,436321,081327,565346,321

348,444351,150367,383360,536363,465373,669

375,845380,424379,579384,406383,761394,088

53,58452,29550,182

57,03558,55757,15754,13950,103

65,85289,151113,319132,993127,574

156,244182,237221,783294,955

183,843194,457200,544199,278203,612207,106

206,380217,258221,783218,673235,443239,263

245,990256,133262,985259,420276,825282,444

279,730294,000294,955303,810309,516298,262

21,05721,85018,078

8,28614,50316,03316,38514,197

15,38524,16933,06733,50032,279

38,80948,74375,74999,174

54,37049,12052,61255,3295436158,425

63,02266,34775,74975,94472,64477,569

79,75881,07787,01388,95885,31490,979

92,42093,97499,174101,94199,893106,043

6,1536,1106,097

7,8766,3576,3588,7419,930

8,8578,0878,42811,38318,489

25,90132,56933,01740,826

34,06935,81935,82235,56535,70135,651

35,58333,09733,01733,06535,75035,677

35,70836,84636,83736,79739,97539,949

39,85041,08640,82641,07343,08243,058

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,65210,53114,80520,304

22,67930,12737,05848,097

33,68634,57834,57634,40434,54934,549

34,45334,43537,05837,20637,36737,318

40,37440,86940,86943,91844,57144,268

48,04848,45148,09752,05752,68052,540

Months

544

33332

22233

3434

444444

433333

443344

444444

152

8631

11

87

1137

90

111

010010

01111101110

00

101110

011133

Note.—All issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year

is on an October 1—September 30 basis.Source: Department of the Treasury.

313


TABLE B-81.—Estimated ownership of public debt securities, 1976-83

[Par values; * billions of dollars]

End of month

1976:JuneDec

1977:JuneDec

1978:JuneDec

1979:JuneDec

1980:JuneDec

1981:MarJuneSeptDec

1982:MarJuneSeptDec

1983:MarJuneSept

Totalpublicdebt

securi-ties

620.4653.5

674.4718.9

749.0789.2

804.9845.1

877.6930.2

964.5971.2997.9

1,028.7

1,061.31,079.61,142.01,197.1

1,244.51,319.61,377.2

Held byGovern-

mentaccounts

149.6147.1

151.2154.8

161.1170.0

178.5187.1

194.9192.5

190.9199.9208.1203.3

202.5211.7216.4209.4

201.2229.3239.0

Held

FederalReserveBanks

94.497.0

102.2102.8

110.1110.6

109.7117.5

124.5121.3

119.0120.0124.3131.0

125.6127.0134.4139.3

136.7141.7155.4

Held by private investors

Total

376.4409.5

421.0461.3

477.8508.6

516.6540.5

558.2616.4

654.6651.2665.4694.5

733.3740.9791.2848.4

906.6948.6982.7

Com-mercialbanks^

91.4103.5

102.798.9

97.895.0

86.188.1

97.4112.1

117.0119.7112.7111.4

116.1116.1117.8131.4

153.2171.6176.3

Nonbank investors

Total

285.0306.0

318.3362.4

380.0413.6

430.5452.4

460.8504.3

537.6531.5552.7583.1

617.2624.8673.4717.0

753.4777.0806.4

Individuals 3

Total

96.1101.6

104.9107.8

109.0114.0

115.5118.0

116.5117.1

105.2107.4109.7110.8

112.5114.1115.6116.5

116.7121.3

"128.5

Sav-

bonds4

69.672.0

74.476.7

79.180.7

80.679.9

73.472.5

70.469.268.368.1

67.567.467.668.3

68.869.7

"70.6

Othersecur-rities

26.529.6

30.531.1

29.933.3

34.938.1

43.144.6

34.838.241.442.7

45.046.748.048.2

47.951.6

"57.9

Insur-ancecom-

panies

14.416.2

18.119.9

19.720.0

20.921.4

22.324.0

25.626.427.629.0

32.132.534.839.1

"42.4"44.8

Moneymar-ket

funds

0.81.1

.8

.9

1.31.5

3.85.6

5.33.5

14.59.0

11.421.5

25.722.438.642.6

44.828.324.0

Corpora-tions5

23.323.5

22.118.2

17.317.3

18.617.0

14.019.3

17.019.918.017.9

16.917.621.624.5

27.232.8

"35.5

Stateandlocal

govern-ments6

33.339.2

45.850.9

58.162.8

68.971.8

75.984.4

88.593.3

"95.7"99.5

"102.9'107.3"112.1'113.4

Foreignand

interna-tional7

69.878.1

87.9109.6

119.5137.8

119.7123.7

122.8134.3

142.9141.4135.5141.4

140.8141.9141.6149.4

156.1160.0

"160.8

Otherinves-tors8

47.246.3

38.755.1

55.160.2

83.194.9

104.0121.7

143.9134.1

"154.8"163.0

"186.3"189.0"209.1"231.5

1 U.S. savings bonds, series A-F and J, are included at current redemption value.2 Includes domestically chartered banks, U.S. branches and agencies of foreign banks, New York investment companies majority owned by foreign banks,

and Edge Act corporations owned by domestically chartered and foreign banks.3 Includes partnerships and personal trust accounts.4 Includes U.S. savings notes. Sales began May 1, 1967, and were discontinued June 3 0 , 1 9 7 0 .5 Exclusive of banks and insurance companies.6 Includes State and local pension funds.7 Consists of the investment of foreign balances and international accounts in the United States.8 Includes savings and loan associations, credit unions, nonprofit institutions, mutual savings banks, corporate pension trust funds, dealers and brokers,

certain Government deposit accounts, and Government-sponsored agencies.Source: Department of the Treasury.

314


CORPORATE PROFITS AND FINANCE

TABLE B-82.—Corporate profits with inventory valuation and capital consumption adjustments, 1929-83


Year or quarter

192919331939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983"

1981:1IIIllIV

1982:1IIIIIIV . ..

1983:

IIIll

Corporateprofits withinventoryvaluation

and capitalconsumptionadjustments

9.01753

8614.119.323 523.6

19 016.622.329 427.1

33.938 736.136.335.2

45.543.743.338.549.6

47.648.656.662.169.2

80.085182.489185.1

71.483 296 6

108.394.9

110.51381167.3192.4194.8

175.4192.3164.8226.3

194.7185.0197.6192.0

162.0166.8168.5161.9

181.8218.2248.4

Corporateprofits tax

liability

1.45

1.4

2.87.6

11.414.112.9

10.79.1

11.312.410.2

17.922 619.420.317.6

22.022.021.419.023.6

22.722.824.026.228.0

30.933 732.539 239.5

34.237 541649.051.6

50.663 872.783.287.6

84.882.859.275.7

91.780.483.775.6

60.361.460.854.0

61.576.084.9

Corporate profits after tax with inventoryvaluation and capital consumption adjustments

Total

7.7- 2 3

3.9

5.86.57.99.5

10.7

8.47.5

11.017.016.9

16.016116.716.017.5

23.421.821.819.526.0

24.925.832.635.941.2

49.151449.950 045.6

37.245 755 059.343.3

59.974 394.6

109.1107.2

90.6109.5105.6150.6

103.1104.6113.8116.5

101.7105.3107.6107.9

120.3142.2163.4

Dividends

5.8203.8

4.04.44.34.44.6

4.65.66.37.07.2

8.8858.58.89.1

10.311.111.511.312.2

12.913.314.415.517.3

19.119 420.222 022.5

22.522.924 427.029.9

30.837 440.847.052.7

58.664.768.773.3

61.363.766.467.3

67.767.868.870.4

71.472.073.7

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

1.94.3

.1

1.82.13.65.06.1

3.81.94.7

10.09.7

7.27.68.27.28.4

13.110.710.38.2

13.8

12.112.518.220.423.9

30.032.029.727.923.1

14.822.830.532.313.4

29.136.953.762.254.5

32.144.837.077.4

41.840.947.549.2

34.037.538.937.5

48.970.189.7



TABLE B-83.—Corporate profits by industry, 1929-83


Year orquarter

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Total

Domestic industries

Total

Financial1

Total

Federal

servebanks

Other

Nonfinancial

TotalManufac-turing2

Trans-portation

andpublic

utilities

Whole-saleand

retailtrade

Other

Restof theworld

19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983"1981:

IIIIllI V

1982:IIIIllIV

1983:IIIIll

10.5-1.26.59.8

15.420.524.524.019.319.625.933.431.137.943.340.640.238.447.546.946.641.652.349.750.055.159.766.076.080.978.184.980.868.982.094.0105.696.7120.6151.6178.5205.1209.6191.7203.3165.9195.5

207.1196.4208.3201.5

167.7170.3168.3157.2

168.0192.7210.8

10.2-1.26.19.615.020.124.123.518.918.924.932.229.936.741.538.738.436.445.144.143.539.149.646.746.851.555.861.871.576.773.779.774.662.474.985.392.080.4

107.6137.4163.4185.4179.0161.9179.7144.1173.5

182.5175.0186.5174.7

147.0148.5147.6133.1

147.8172.2187.4

1.3.3.8

1.01.11.21.31.61.72.11.72.63.13.13.64.04.54.64.85.05.25.76.87.27.07.36.86.97.58.59.0

10.411.112.114.115.315.915.011.817.123.131.030.326.920.320.931.4

23.920.418.818.1

15.520.422.225.5

29.833.831.9

0.0.0.0.0.0.0.0.1.1.1.1.2.2.2.3.4.4.3.3.5.6.6.7

1.0.8.9

1.01.11.41.72.02.53.13.63.33.44.55.75.76.06.27.79.6

11.914.515.414.9

13.314.115.215.6

15.315.915.714.9

14.414.615.2

1.3.3.8.9

1.01.21.31.61.62.01.62.32.93.03.33.74.14.34.54.54.65.16.06.26.36.45.85.86.26.87.07.98.08.6

10.711.911.49.36.2

11.116.923.320.715.05.85.5

16.5

10.66.43.72.5

.34.66.5

10.6

15.419.216.8

8.9- 1 . 5

5.38.6

14.018.922.821.917.316.823.229.626.833.537.934.733.931.840.339.138.333.542.939.539.844.249.054.964.068.264.869.363.550.260.870.076.065.495.8

120.3140.3154.4148.6134.9159.4123.2142.1

158.6154.6167.7156.5

131.5128.1125.4107.6

118.0138.4155.5

5.2- . 43.35.59.5

11.813.813.29.79.0

13.617.616.220.924.621.722.019.926.024.724.019.426.423.623.326.029.332.339.341.938.541.236.626.634.140.745.539.052.669.278.386.985.672.986.759.069.4

88.588.093.376.9

60.961.465.548.3

53.768.178.2

1.8.0

1.01.32.03.44.43.92.71.82.23.03.04.04.64.95.04.75.65.95.85.97.07.47.88.49.3

10.011.011.810.710.810.38.28.59.08.76.1

10.014.517.820.615.917.118.717.520.6

20.115.719.119.8

18.019.817.314.9

17.420.422.5

1.0- . 5

.71.21.42.23.03.23.33.84.65.54.55.05.04.83.83.85.04.54.44.65.94.95.05.85.97.58.18.29.1

10.410.59.5

11.713.413.912.521.322.426.626.927.123.632.827.634.2

29.031.333.337.8

30.227.425.227.5

27.833.936.7

0.9- . 7

.3

.61.11.51.61.61.52.12.93.63.13.63.73.33.13.43.64.14.03.63.63.63.73.94.45.15.66.36.56.96.15.96.56.98.07.9

11.914.217.620.020.121.321.119.117.8

21.019.721.922.0

22.419.517.416.9

19.216.018.1

0.2.0.3.3.4.4.4.4.3.7

1.01.31.11.31.71.91.82.02.42.83.12.52.73.03.23.63.94.24.54.24.45.26.16.57.18.6

13.716.313.014.315.119.730.629.923.721.822.0

24.621.421.826.9

20.721.720.724.1

20.220.523.4

1 Consists of the following industries: Banking; credit agencies other than banks; security and commodity brokers, dealers, andservices; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.

2 See Table B-84 for industry detail.

Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning1948, and on the 1942 SIC prior to 1948.


316


TABLE B-84.—Corporate profits of manufacturing industries, 1929-83


Year or quarter

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Totalmanufac-

turing

Durable goods

Total

Pri-marymetalindus-tries

Fabri-catedmetalprod-ucts

Machin-ery,

exceptelectri-

cal

Electricandelec-tronicequip-ment

Motorvehicles

andequip-ment

Other

Nondurable goods

Total

Foodand

kindredprod-ucts

Chemi-calsand

alliedprod-ucts

Petro-leumandcoalprod-ucts

Other

192919331939

1940194119421943194419451946194719481949

5.2- . 43.3

5.59.5

2.6- . 41.7

3.1 2.43.14.65.75.95.26.67.8

10.08.1

8.911.49.9

10.19.4

11.811.910.710.012.7

12.011.912.013.114.416.318.117.619.117.7

16.517.818.321.225.833.638.840.242.648.4

52.558.049.251.6

57.953.165.655.6

50.546.952.647.1

43.649.956.9

11.813.813.29.7

1950195119521953195419551956....1957....1958....1959....

1960196119621963196419651966196719681969

1970....1971....1972....1973....1974....1975....1976....1977....1978....1979....

1980198119821983 f.

1981:I

1982:III....

1983:III

9.013.617.616.2

20.924.621.722.019.926.024.724.019.426.4

23.623.326.029.332.339.341.938.541.236.6

26.634.140.745.539.052.669.278.386.985.6

72.986.759.069.4

88.588.093.376.9

60.961.465.548.3

53.768.178.2

7.44.52.45.87.58.1

12.013.211.711.910.514.312.813.39.3

13.7

11.611.414.016.317.923.023.820.922.218.9

10.216.322.424.313.218.930.438.144.337.1

20.428.6

9.817.8

30.734.827.721.3

10.414.512.91.2

10.018.321.3

1.61.5

2.33.11.92.51.72.93.03.01.92.3

2.01.61.62.02.53.13.62.71.91.4

.71.62.25.42.92.11.13.53.5

2.73.8

- 5 . 4- . 9

- 1 . 6- 1 . 1

- . 6

1.01.11.31.42.02.42.42.32.0

1.11.52.12.51.63.03.84.44.95.2

4.24.63.23.6

4.03.43.12.1

1.21.3

1.62.32.31.91.71.72.12.01.42.1

1.81.92.32.53.33.94.54.14.13.7

2.92.94.34.62.94.76.38.89.48.9

7.49.74.82.1

8.99.79.8

10.2

1.21.31.51.41.21.11.21.51.31.7

1.31.31.51.61.72.73.02.92.82.3

1.21.92.83.0

.42.13.45.66.55.1

5.26.44.33.1

1.42.1

3.12.42.42.62.14.12.22.6

.93.0

3.02.54.04.94.76.25.13.95.54.7

1.25.05.95.7

.11.97.29.48.94.7

- 3 . 8- . 6

.46.9

-2.03.0

-2.2-1.3

- 3 . 83.43.3

-1 .2

3.05.6

10.2

1.81.7

2.62.82.62.62.93.53.23.12.93.5

2.73.13.54.04.45.15.24.95.74.9

2.94.35.76.22.94.37.68.8

11.09.8

4.74.92.53.0

1.91.6

1.61.41.71.81.62.21.81.82.12.4

2.22.32.32.72.72.83.23.23.23.0

3.23.52.92.42.88.66.96.86.05.7

6.08.97.36.7

10.08.39.18.3

6.77.38.07.2

6.96.96.3

1.71.8

2.32.82.32.22.23.02.82.82.53.5

3.13.23.23.64.04.64.94.35.24.5

3.94.45.26.05.66.58.37.98.37.1

6.07.24.96.0

2.81.9

2.32.72.32.82.73.03.32.62.12.5

2.52.22.22.12.42.93.23.93.73.2

3.53.53.05.0

10.59.6

12.611.613.820.7

28.227.824.821.2

25.123.736.326.0

27.221.926.823.5

15.920.024.7

3.72.8

2.74.43.63.32.93.64.13.63.34.3

4.24.14.34.65.36.06.86.37.06.9

5.96.47.27.86.88.9

11.013.814.514.8

12.314.112.217.7

14.514.513.314.1

10.411.913.213.4

16.017.419.1

Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning1948, and on the 1942 SIC prior to 1948.


4 2 4 - 4 5 6 0 - 8 4 - 2 1317


TABLE B-85.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1950-83


Year orquarter

All manufacturing corporations

Sales(net)

Profits

Beforeincometaxes1

Afterincometaxes

Stock-holders'equity2

Durable goods industries

Sales(net)

Profits

Beforeincometaxes1

Afterincometaxes


Nondurable goods industries

Sales(net)

Profits

Beforeincometaxes1

Afterincometaxes


19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

1970197119721973

1973: IV

New series:

1973: IV

1974

19751976197719781979

198019811982

1980:

IIIIllIV

1981:III

Ill

IV

1982:IIIIllIV

1983:

I

181.9245.0250.2265.9248.5

278.4307.3320.0305.3338.0

345.7356.4389.4412.7443.1

492.2554.2575.4631.9694.6

708.8751.1849.5

1,017.2

275.1

236.6

1,060.6

1,065.21,203.21,328.11,496.41,741.8

1,912.82,144.72,039.4

465.7466.3464.2516.6

520.8549.6539.9534.4

502.9521.9508.0506.6

493.4529.4537.2

23.227.422.924.420.9

28.629.828.222.729.7

27.527.531.934.939.6

46.551.847.855.458.1

48.152.963.281.4

21.4

20.6

92.1

79.9104.9115.1132.5154.2

145.8158.6108.2

39.535.933.237.2

39.045.640.034.0

29.030.927.820.5

24.434.736.3

12.911.910.711.311.2

15.116.215.412.716.3

15.215.317.719.523.2

27.530.929.032.133.2

28.631.036.548.1

13.0

13.2

58.7

49.164.570.481.198.7

92.6101.370.9

24.822.421.024.4

24.428.925.222.9

19.020.017.814.1

15.722.223.3

83.398.3

103.7108.2113.1

120.1131.6141.1147.4157.1

165.4172.6181.4189.7199.8

211.7230.3247.6265.9289.9

306.8320.8343.4374.1

386.4

368.0

395.0

423.4462.7496.7540.5600.5

668.1743.4770.2

643.9658.1670.5699.7

718.4739.4753.5762.3

757.5765.0775.2783.0

787.0802.3819.3

116.8122.0137.9122.8

142.1159.5166.0148.6169.4

173.9175.2195.3209.0226.3

257.0291.7300.6335.5366.5

363.1381.8435.8527.3

140.1

122.7

529.0

521.1589.6657.3760.7865.7

889.1979.5913.1

219.8218.7212.6238.0

234.1257.2245.1243.0

225.3239.4224.4224.0

222.8245.8246.1

12.915.412.914.011.4

16.516.515.811.415.8

14.013.616.818.521.2

26.229.225.730.631.5

23.026.533.643.6

10.8

10.1

41.1

35.350.757.969.672.4

57.467.234.7

15.813.511.916.2

16.720.716.413.4

10.712.68.52.9

7.913.512.9

6.76.15.55.85.6

8.18.37.95.88.1

7.06.98.69.5

11.6

14.516.414.616.516.9

12.914.518.424.8

6.3

6.2

24.7

21.430.834.841.845.2

35.641.621.7

9.78.27.2

10.4

10.112.710.38.5

6.88.15.31.5

39.947.249.852.454.9

58.865.270.572.877.9

82.384.989.193.398.5

105.4115.2125.0135.6147.6

155.1160.4171.4188.7

194.7

185.8

196.0

208.1224.3239.9262.6292.5

317.7350.4355.5

308.0312.6317.2332.8

339.4349.7354.2358.3

351.2354.5358.3358.1

359.9368.3376.5

95.1128.1128.0128.0125.7

136.3147.8154.1156.7168.5

171.8181.2194.1203.6216.8

235.2262.4274.8296.4328.1

345.7369.3413.7489.9

135.0

113.9

531.6

544.1613.7670.8735.7876.1

1,023.71,165.21,126.4

245.9247.6251.6278.6

286.7292.4294.8291.3

277.6282.6283.6282.6

270.6283.6291.1

10.312.110.010.49.6

12.113.212.411.313.9

13.513.915.116.418.3

20.322.622.024.826.6

25.226.529.637.8

10.6

10.5

51.0

44.654.357.262.981.8

88.491.373.6

23.722.421.321.0

22.324.923.520.6

18.318.319.417.6

16.621.223.4

6.15.75.25.55.6

7.07.87.56.98.3

8.28.59.2

10.011.6

13.014.614.415.516.4

15.716.518.023.3

6.7

7.0

34.1

27.733.735.539.353.5

56.959.649.3

15.114.213.714.0

14.216.214.914.3

12.311.912.512.6

10.913.715.1

43.551.153.955.758.2

61.366.470.674.679.2

83.187.792.396.3

101.3

106.3115.1122.6130.3142.3

151.7160.5172.0185.4

191.7

182.1

199.0

215.3238.4256.8277.9308.0

350.4393.0414.7

335.9345.5353.3366.9

379.1389.7399.4404.0

406.3410.5416.8425.0

427.2434.0442.8

1 In the old series, "income taxes" refers to Federal income taxes only, as State and local income taxes had already been deducted.In the new series, no income taxes have been deducted.

2 Annual data are average equity for the year (using four end-of-quarter figures).

Note.—Data are not necessarily comparable from one period to another due to changes in accounting procedures, industryclassifications, sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report forManufacturing, Mining, and Trade Corporations,' Department of Commerce, Bureau of the Census.


318


TABLE B-86.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturing

corporations, 1947-83

Year or quarter

194719481949

19501951195219531954. . .

19551956.195719581959

I960 .1961196219631964

19651966196719681969

1970197119721973

1973: IV

New series:1973- IV

1974

1975197619771978...1979

198019811982

1980:1IIIllIV ....

1981:

||IIIIV

1982:IIIIllIV

1983:|IIIll ..

Ratio of profits after income taxes (annualrate) to stockholders' equity—percent1

Allmanufacturingcorporations

15 616 011.6

15.412.110.310.59.9

12.612.310 98.6

10 4

9.2899.8

10 311.6

13 013.411712.1115

9.397

10.612.8

13.4

14 3

14.9

11613 914.215 016.4

13 913 69.2

15 413.612.514.0

13 615 613.412.0

10110.5927.2

8011.111.4

Durablegoods

industries

14 415 712.1

16.913.011.111.110.3

13.812.81138.0

10.4

8.5819.6

10111.7

13 814.211712.2114

8.390

10.813.1

12.9

13 3

12.6

10 313 714.516 015.4

1121196.1

12 610.69.1

12.6

12 014 611.69.5

779.2591.7

539.28.7

Nondurablegoods

industries

16.616.211.2

14.111.29.79.99.6

11.411.810.69.2

10.4

9.89.69.9

10.411.5

12.212.711.811.911.5

10.310 310.512.6

14.0

15.3

17.1

12 914 213.814 217.4

16.315 211.9

18.016.415.615.2

15 016 614.914.2

12 111.612 011.9

10 312.713.6

Profits after income taxes per dollar ofsales—cents

Allmanufacturingcorporations

6.77.05.8

7.14.94.34.34.5

5.45.34.84.24.8

4.44.34.54.75.2

5.65.65.05.14.8

4.04.14.34.7

4.7

5.6

5.5

4.6545.35.45.7

4.84.73.5

5.34.84.54.7

47534.74.3

3.83.83.52.8

324.24.3

Durablegoods

industries

6.77.16.4

7.75.34.54.24.6

5.75.24.83.94.8

4.03.94.44.55.1

5.75.64.84.94.6

3.53.84.24.7

4.5

5.0

4.7

4.15.25.35.55.2

4.04.22.4

4.43.83.44.4

4.3494.23.5

3.03.42.4

.7

2.13.43.3

Nondurablegoods

industries

6.76.85.4

6.54.54.14.34.4

5.15.34.94.44.9

4.84.74.74.95.4

5.55.65.35.25.0

4.54.54.44.8

5.0

6.1

6.4

5.15.55.35.36.1

5.65.14.4

6.15.75.55.0

5.05.55.14.9

4.44.24.44.5

4.04.85.2

1 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end ofquarter only.

Note.—Based on data in millions of dollars.See Note, Table B-85.Source: Department of Commerce, Bureau of the Census.

319


TABLE B-87.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-83


Year orquarter

Sources

Total

18.727.028.919.9

42.136.429.927.829.6

52.744.943.441.956.3

48.656.360.168.473.9

91.897.694.7

113.5115.5

102.3125.3151.6192.5190.3

157.0211.0254.1317.5345.7

333.2365.8308.6

348.8386.4353.0375.1

302.8329.9327.4274.5

323.4396.3387.7

Internal1

8.112.919.119.5

18.020.221.921.723.9

29.529.531.530.336.0

35.436.542.846.551.8

58.562.663.665.064.4

61.873.585.091.785.6

119.7134.2157.4175.7188.8

189.5230.6240.5

217.3223.5237.2244.7

233.5240.2244.0244.3

250.7270.3291.1

External

Total

10.614.19.7

.4

24.016.28.06.15.7

23.215.411.911.720.2

13.219.817.322.022.1

33.335.031.148.551.1

40.551.866.6

100.7104.7

37.376.896.7

141.8156.9

143.7135.268.1

131.5163.0115.8130.4

69.389.783.430.2

72.7126.096.6

Credit market funds

Total

6.98.46.53.1

8.110.59.55.76.5

10.212.812.310.512.3

12.112.912.812.514.1

18.523.827.827.732.3

35.337.243.456.770.2

30.854.772.480.588.2

90.992.284.1

73.0120.493.182.4

102.889.989.054.6

69.277.180.1

Securi-ties and

mort-gages

3.65.46.74.9

4.26.48.06.06.7

6.47.5

10.410.58.1

7.510.79.48.47.8

7.614.319.115.014.6

26.332.826.420.726.3

38.738.235.832.820.9

52.422.645.2

42.840.2

3.04.4

24.838.639.677.8

64.784.133.3

Loansand

short-termpaper

3.33.0

-.2- 1 . 8

3.94.11.4

- .4- .2

3.75.31.9

- .04.2

4.62.23.44.06.2

11.09.58.7

12.617.7

9.04.4

16.936.043.9

- 7 . 916.536.647.767.3

38.569.738.9

30.280.390.178.0

78.051.349.4

-23.2

4.5- 6 . 946.7

Other2

3.75.83.3

- 2 . 7

15.95.7

- 1 . 5.5

- .8

13.12.5

- .41.27.9

1.26.94.69.58.0

14.811.23.3

20.918.8

5.314.623.244.034.5

6.522.124.361.368.8

52.743.0

-15.9

58.642.622.848.0

-33.4-.2

- 5 . 6-24.4

3.548.816.5

Uses

Total

16.825.625.318.3

40.437.629.228.027.8

49.140.839.138.551.2

41.451.055.560.464.9

82.791.388.5

106.0115.3

98.7122.7149.1191.9190.1

150.9201.8237.6293.6346.7

320.1324.3251.0

348.4343.4301.3304.1

232.1279.3270.5222.0

276.2338.7338.4

Capitalexpendi-tures 3

18.117.320.314.8

24.030.224.625.722.9

32.636.834.927.737.0

37.536.743.244.750.1

61.074.772.275.483.7

80.086.099.0

121.5137.9

109.7148.3175.1201.6219.4

221.2261.6231.2

231.6253.9289.4271.5

242.4242.2240.1200.2

202.4252.9281.5

Increasein

financialassets

- 1 . 48.45.03.5

16.47.44.62.34.9

16.54.04.2

10.814.2

3.914.212.315.714.8

21.816.616.330.631.6

18.736.750.170.552.2

41.253.562.592.0

127.3

98.962.719.7

116.889.511.932.6

-10 .337.130.321.8

73.885.856.9

Discrep-ancy

(sourcesless uses)

194619471948....1949

1950....19511952....1953....1954....

1955....1956....1957....1958....1959

19601961....19621963....1964....

19651966....1967....1968....1969....

1970....1971....1972....19731974

19751976197719781979

198019811982

1981:IIIIllIV

1982IIIIllIV

1983:III

1.91.43.61.6

1.7- 1 . 2

.6- . 11.8

3.54.14.33.45.0

7.25.34.68.09.0

9.16.46.27.5

.2

3.62.62.4

.5

.2

6.09.2

16.523.8

- 1 . 0

13.141.657.7

.543.151.771.1

70.850.556.952.5

47.257.649.3

1 Undistributed profits (after inventory valuation and capital consumption adjustments), capital consumption allowances, and foreignbranch profits, dividends, and subsidiaries' earnings retained abroad.

2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.


320


TABLE B-88.—Current assets and liabilities of U.S. corporations, 1940-83

[Billions of dollars, except as noted]

End ofperiod

SEC series:5

19401941194219431944194519461947 .19481949195019511952195319541955195619571958195919601961

SEC series:5

196119621963196419651966196719681969 ..197019711972 .19731974

QFR-FRB series:7

197419751976197719781979198019811982 .

1982:IIIIIIIV

1983:III

Current assets

Total Cash1

U.S.Govern-

mentsecurities2

Notesand

accountsreceiv-

able

Inven-tories

Othercurrentassets

Current liabilities

Total

Notesand

accountspayable

Othercurrentliabil-ities

Networkingcapitaf

Currentratio3

All corporations4

60.372.983.693.897.297.4

108.1123.6133.0133.1161.5179.1186.2190.6194.6224.0237.9244.7255.3277.3289.0306.8

13.113.917.621.621.621.722.825.025.326.528.130.030.831.133.434.634.834.937.436.337.241.1

2.04.0

10.116.420.921.115.314.114.816.819.720.719.921.519.223.519.118.618.822.820.120.0

24.028.027.326.926.525.930.738.342.443.056.861.567.468.573.688.997.7

102.2109.7120.6129.2139.2

19.825.627.327.626.826.337.644.648.945.355.164.965.867.265.372.880.482.281.988.491.895.2

1.51.41.31.31.42.41.71.61.61.41.72.12.42.43.14.25.96.77.59.1

10.611.4

32.840.747.351.651.745.851.961.564.460.779.892.696.198.999.7

121.0130.5133.1136.6153.1160.4171.2

23.226.426.026.326.825.731.637.639.337.548.354.959.359.561.776.183.986.690.4

101.0106.8114.6

9.614.321.325.324.920.120.323.925.023.331.637.836.839.438.045.046.646.546.252.053.656.6

27.532.336.342.145.651.656.262.168.672.481.686.590.191.894.9

103.0107.4111.6118.7124.2128.6135.6

1.8381.7911.7671.8181.8802.1272.0832.0102.0652.1932.0241.9341.9381.9271.9521.8511.8231.8381.8691.8111.8021.792

Nonfinancial corporations6

254.7269.7288.2305.6336.0364.0386.2426.5473.6492.3529.6599.3697.8790.7

735.4759.0827.4912.7

1,043.71,214.81,327.01,419.31,425.4

1,418.01,417.21,441.81,425.4

1,436.51,464.2

34.837.139.840.542.841.945.548.247.950.253.359.066.371.1

73.282.188.297.2

105.5118.0126.9131.8144.0

121.8124.1126.9144.0

139.7145.7

16.516.816.715.814.413.010.311.510.67.7

11.010.612.812.3

11.119.023.518.217.216.718.717.422.4

16.516.518.922.4

25.827.5

97.9103.2110.5119.9134.1146.6155.3173.9197.0206.1221.1248.2288.5322.1

265.8272.1292.9330.3388.0459.0506.8530.3511.0

533.4531.2534.2511.0

517.9534.3

95.0100.5106.8113.1126.6142.8153.1166.0186.4193.3200.4225.7263.9313.6

319.5315.9342.5376.9431.8505.1542.8585.1575.2

591.6587.6596.5575.2

573.2570.5

10.512.114.416.318.119.722.026.931.635.043.855.866.471.7

65.969.980.390.1

101.1116.0131.8154.6172.6

154.7157.9165.3172.6

179.9186.2

123.7132.4145.5156.6178.8199.4211.3244.1287.8304.9326.0375.6450.9530.4

453.4451.6495.1557.1669.5807.3889.3976.3977.8

987.0988.7

1,007.6977.8

986.3997.7

84.488.797.0

104.9121.5137.5147.1168.8199.2211.3220.5282.9340.3402.3

269.8264.2282.1317.6383.0460.8513.6558.8552.8

552.9554.9562.7552.8

543.2551.6

39.343.748.551.757.361.964.275.388.693.6

105.592.7

110.7128.1

183.6187.4213.0239.6286.5346.5375.7417.5425.0

434.0433.8444.9425.0

443.1446.1

131.0137.3142.7149.0157.2164.6174.9182.4185.7187.4203.6223.7246.9260.3

282.0307.4332.4355.5374.3407.5437.8442.9447.6

431.0428.5434.2447.6

450.2466.5

2.0592.0371.9811.9511.8791.8251.8281.7471.6461.6151.6251.5951.5481.491

1.6221.6811.6711.6381.5591.5051.4921.4541,458

1.4371.4331.4311.458

1.4561.468

1 Includes time certificates of deposit.2 Includes Federal agency issues.3 Total current assets divided by total current liabilities.4 Excludes banks, savings and loan associations, and insurance companies.5 Based on data from "Statistics of Income," Department of the Treasury.6 Excludes banks, savings and loan associations, insurance companies, investment companies, finance companies (personal and

commercial), real estate companies, and security and commodity brokers, dealers, and exchanges.7 Based on data from "Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations," Federal Trade Commission. See

"Federal Reserve Bulletin," July 1978, for details regarding the series. Effective mid-1982, responsibility for the Quarterly FinancialReport was transferred to the Department of Commerce, Bureau of the Census.

Note.—SEC series not available after 1974.Sources: Board of Governors of the Federal Reserve System, Federal Trade Commission, Department of Commerce (Bureau of the

Census), and Securities and Exchange Commission.

321


TABLE B-89.—State and municipal and business securities offered) 1934-83


Year or quarter

Stateand

municipalsecurities

offeredfor cash(princi-

palamounts)

Business securities offered for cash 1

Totalofferings

Type of security

Commonstock 2

Preferredstock

Bondsand

notes

Industry of issuer

Manufac-turing3

Electric,gas, andwater4

Transpor-tation5

Communi-cation

Other

19341939

19401941194219431944

19451946194719481949

1950195119521953195419551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

1975197619771978 6

1979

1980198119821983: First three

quarters

1982:IIIIllIV

1983:IIIIll

9391,128

1,238956524435661

7951,1572,3242,6902,907

3,5323,1894,4015,5586,9695,9775,4466,9587,4497,681

7,2308,3608,558

10,10710,54411,14811,08914,28816,37411,460

17,76224,37022,94122,95322,82429,32633,84545,06046,21542,261

47,13346,13477,179

61,427

12,77017,62718,89227,890

17,23927,25716,931

397

2,164

2,6772,6671,0621,1703,2026,0116,9006,5777,0786,052

6,3627,7419,5348,8989,51610,24010,93912,88411,5589,748

10,15413,16510,70512,21113,95714,78217,38524,01421,26125,997

37,45143,22939,70531,68037,82053,63253,31454,22929,94937,248

67,12665,88872,152

81,673

12,78114,62918,42826,314

28,17833,27720,218

19

87

1081103456163397891779614736

8111,2121,3691,3261,2132,1852,3012,5161,3342,027

1,6643,2941,3141,0112,6791,4731,9011,9273,8857,640

7,0379,485

10,7077,6424,0507,4148,3058,0477,7248,816

19,28225,22623,197

34,725

4,3436,0214,5688,265

11,74513,2559,725

6

98

183167112124369758

1,127762492425

631838564489816635636411571531

409450422343412724580881636691

1,3903,6833,3713,3412,2733,4592,8033,9161,7571,964

3,1941,6964,948

6,523

5821,0911,6831,592

3,5451,7171,261

372

1,979

2,3862,389917990

2,6704,8554,8825,0365,9734,890

4,9205,6917,6017,0837,4887,4208,0029,9579,6537,190

8,0819,4208,96910,85610,86512,58514,90421,20616,74017,666

29,02330,06125,62820,70031,49742,75942,20642,26620,46826,468

44,65038,96644,007

40,429

7,8557,51812,17816,456

12,89118,3059,233

67

604

992848539510

1,061

2,0263,7012,7422,2261,414

1,2003,1224,0392,2542,2682,9943,6474,2343,5152,073

2,1524,0773,2493,5143,0465,4147,05611,0696,9586,346

10,64711,6516,3984,83210,51118,65215,49613,7574,4836,643

20,85715,28713,239

19,751

1,7971,3363,7356,371

6,2168,9744,561

1331,271

1,2031,357

472477

1,4222,3192,1583,2572,1872,320

2,6492,4552,6753,0293,7132,4642,5293,9383,8043,258

2,8513,0322,8252,6772,7602,9343,6664,9355,2936,715

11,00911,72111,31410,26912,83615,89314,41813,7049,1389,937

13,74613,24516,408

9,711

3,2423,9324,0595,175

3,6203,9072,184

176

186

32436648161609

1,454711286755800

813494992595778893724824824967

718694567957982

7021,4941,6391,5641,779

1,2531,148860811

1,0053,6374,6493,2181,2511,640

2,3061,8832,093

3,040

366253594880

1,283862895

902571

399612760882720

1,1321,4191,4621,424717

1,0501,8341,3031,1052,189945

2,0031,9751,7752,172

5,2915,8404,8364,8723,9324,4663,5624,4432,9594,482

6,8655,8673,895

5,428

116619

1,1202,040

2,0881,8721,468

21

103

15996421109211329293

1,008946

1,3001,0581,0682,1382,0372,7572,6192,4261,9912,733

3,3833,5272,7613,9574,9804,7873,1674,3965,6718,985

9,25212,86716,29810,8979,63210,98315,19419,11312,12014,547

23,35629,60836,520

43,742

7,2618,4908,921

11,848

14,97017,66211,110

1 Business securities offered include securities offered by corporate and non-corporate business enterprises such as limitedpartnerships. Beginning 1978 excludes private placements.

2 Common stock combines the conventional ownership shares of corporate business and securities issued by non-corporate business,e.g., limited partnership interests, voting trust certificates and condominium securities.

3 Prior to 1948, also includes extractive, radio broadcasting, airline companies, commercial, and miscellaneous company issues.4 Prior to 1948, also includes telephone, street railway, and bus company issues.5 Prior to 1948, includes railroad issues only.6 Beginning 1978, business security offerings exclude private placements.

Note.—Covers substantially all new issues of State, municipal, and business securities offered for cash sale in the United States inamounts over $100,000 and with terms to maturity of more than 1 year; excludes notes issued exclusively to commercial banks,intercorporate transactions, and issues to be sold over an extended period, such as employee-purchase plans. Closed-end investmentcompany issues are included beginning 1973.

Sources: Securities and Exchange Commission, "The Commercial and Financial Chronicle," and "The Bond Buyer."

322


TABLE B-90.—Common stock prices and yields, 1949-83

Year or month

1949

19501951...19521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972197319741975..1976197719781979

1980198119821983





Common stock prices1

New York Stock Exchange indexes (Dec

Composite

9.02

10.8713.0813 8113 6716 1921 5424 4023 6724 5630 73

30 0135.3733 4937 5143 7647 39461550.7755.3754.67

45.7254 2260.2957 4243.8445.7354.4653.6953 7058.32

68.1074.0268.9392.63

67.9166.1663.8666.9767.0763.10

62.8262 9170.2176.1079.7580.30

83.2584.7487.5090.6194.6196.43

96.7493.9696.7096.7895.3694.92

Industrial

46 1851.9758.0057.44

48.0357 9265.7363.0848.0850.5260.4457.8658 2364.76

78.7085.4478.18

107.45

76.8574.7871.5175.5975.9771.59

71.3770 9880.0886.6790.7692.00

95.3797.26

100.61104.46109.43112.52

113.21109.50112.76112.87110.77110.65

Transpor-tation

50.2653.5150.5846.96

32.1444.3550.1737.7431.8931.1039.5741.0943 5047.34

60.6172.6160.4189.36

62.0459.0955.1957.9156.8453.07

53.4053 9861.3966.6471.9273.40

75.6579.4483.2885.2689.0792.22

92.9188.0694.5695.4197.6898.79

. 31, 1965=50)2

Utility

45.4145.4344.1942.80

37.2439.5338.4837.6929.7931.5036.9740.9239 2238.20

37.3538.9139.7547.00

39.3038.3238.5739.2039.4037.34

37.20381940.3642.6743.4642.93

45.5945.9245.8946.2247.6246.76

46.6146.9448.1648.7348.5047.00

Finance

44.4549.8265.8570.49

60.0070.3878.3570.1249.6747.1452.9455.2556 6561.42

64.2573.5271.9995.34

70.9970.5069.087L4469.1663.19

61.5962 8469.6680.5988.6686.22

85.6686.5793.2299.07

102.45101.22

99.6095.7697.0094.7994.4894.25

DowJones

industrialaverage3

179.48

216.31257.64270.76275 97333 94442 72493 01475.71491.66632.12

618 04691.55639.76714.81834 05910 88873.60879.12906.00876.72

753.19884.76950.71923.88759.37802.49974.92894.63820 23844.40

891.41932.92884.36

1,190.34

853.41833.15812.33844.96846.72804.37

818.41832 11917.27988.71

1,027.761,033.08

1,064.291,087.431,129,581,168.431,212.861,221.47

1,213.931,189.211,237.041,252.201,250.011,257.64

Standard& Poor's

compositeindex

(1941-43=10) 4

15.23

18.4022.3424.5024.7329 6940 4946 6244.3846.2457.38

55 8566.2762.3869.878137881785.2691.9398.7097.84

83.2298 29

109.20107 4382.8586.16

102.0198.2096 02

103.01

118.78128.05119.71160.41

117.28114.50110.84116.31116.35109.70

109.38109 65122.43132.66138.10139.37

144.27146.80151.88157.71164.10166.39

166.96162.42167.16167.65165.23164.36

Common stock yields(percent)5

Dividend-priceratio6

6.59

6.576.135.805.804 954 084 094.353.973.23

3 472.983.373.173 013 003.403.203.073.24

3.833142.843 064.474.313.774.625 285.47

5.265.205.814.40

5.956.066.285.995.976.28

6.316 325.635.124.924.93

4.794.744.594.444.274.26

4.214.354.244.254.314.32

Earnings-priceratio7

15.48

13.9911.829.47

10 268 577 957 557.896 235.78

5 904.625.825 505 325 596.635.735.676.08

6.455 415.507 12

11.599.158.90

10.7912 0313.46

12.6611.9611.60

13.23

12.93

11.26

8.99

8.12

7.49

8.01

1 Averages of daily closing prices, except New York Stock Exchange data through May 1964 are averages of weekly closing prices.2 Includes all the stocks (more than 1,500) listed on the New York Stock Exchange.3 Includes 30 stocks.4 Includes 500 stocks.5 Standard & Poor's series, based on 500 stocks in the composite index.6 Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing

prices. Monthly data are averages of weekly figures; annual data are averages of monthly figures.7 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that

quarter. Annual ratios are averages of quarterly ratios.

Note.—All data relate to stocks listed on the New York Stock Exchange.

Sources-. New York Stock Exchange, Dow Jones & Co., Inc., and Standard & Poor's Corporation.

323


TABLE B-91.—Business formation and business failures, 1940-83

Year or month

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 P.

1982: JanFebMarAprMayJune


1983: JanFebMarAprMayJune

JulyAugSeptOctNov

Indexof net

businessformation(1967 =

100)

101.986.4

90.689.593.391.791.098.496.692.492.298.7

95.592.193.795.298.6

100.299.4

100.0106.8112.9

106.4108.5115.9114.9109.2107.0115.6123.2128.2128.3

122.4118.6113.2

Newbusinessincorpo-rations

(number)

132,916112,89796,34685,640

93,09283,77892,946

102,706117,411139,915141,163137,112150,781193,067

182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267

264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565

533,520581,242566,942

Business failures1

Businessfailurerate2

63.054.444.616.46.54.25.2

14.320.434.4

34.330.728.733.242.041.648.051.755.951.8

57.064.460.856.353.253.351.649.038.637.3

43.841.738.336.438.442.634.828.423.927.8

42.161.389.0

Seasonally adjusted

113.2115.6113.5115.2114.7112.1

112.4112.6110.4111.5112.9114.4

111.4113.3112.7112.0114.8116.4

115.2114.4115.8118.8118.0

43,33047,23446,89946,87646,99545,936

44,52546,98145,55245,53048,47457,507

49,99948,29648,03248,90350,21150,992

48,60152,82850,445

66.277.077.673.480.3

103.6

72.9

Number of failures

Total

13,61911,8489,4053,2211,222

8091,1293,4745,2509,246

9,1628,0587,6118,862

11,08610,96912,68613,73914,96414,053

15,44517,07515,78214,37413,50113,51413,06112,3649,6369,154

10,74810,3269,5669,3459,915

11,4329,6287,9196,6197,564

11,74216,79425,346

1,5351,8542,0881,8821,9412,452

1,631

Liability size class

Under$100,000

13,40011,6859,2823,1551,176

7591,0033,1034,8538,708

8,7467,6267,0818,075

10,22610,11311,61512,54713,49912,707

13,65015,00613,77212,19211,34611,34010,83310,1447,8297,192

8,0197,6117,0406,6276,7337,5046,1764,8613,7123,930

5,6828,233

730843986877931

1,077

727

$100,000and over

219163123664650

126371397538

416432530787860856

1,0711,1921,4651,346

1,7952,0692,0102,1822,1552,1742,2282,2201,8071,962

2,7292,7152,5262,7183,1823,9283,4523,0582,9073,634

6,0608,561

8051,0111,1021,0051,0101,375

904

Amount of current liabilities(millions of dollars)

Total

166.7136.1100.845.331.730.267.3

204.6234.6308.1

248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8

938.61,090.11,213.61,352.61,329.21,321.71,385.71,265.2

941.01,142.1

1,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.4

4,635.16,955.2

645.1913.5836.0

1,309.32,850.51,020.3

1,425.6

Liability size class

Under$100,000

119.9100.780.330.214.511.415.763.793.9

161.4

151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9

327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3

269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9

272.5405.8

35.039.748.241.044.953.1

35.7

$100,000and over

46.835.420.515.117.118.851.6

140.9140.7146.7

97.1128.0151.4226.6251.2243.0322.9348.2430.7413.9

611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699.9910.8

1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.5

4,362.66,549.3

610.1873.7787.8

1,268.32,805.5

967.1

1,389.9

1 Commercial and industrial failures only. Excludes failures of banks and railroads and, beginning 1933, of real estate, insurance,holding, and financial companies, steamship lines, travel agencies, etc.

2 Failure rate per 10,000 listed enterprises.Sources: Department of Commerce (Bureau of Economic Analysis) and Dun & Bradstreet, Inc.

324


AGRICULTURE

TABLE B-92.—Farm income, 1929-83


Year or quarter

192919331939

19401941..19421943194419451946194719481949

1950195119521953195419551956195719581959

19601961.. .19621963196419651966196719681969

19701971. . . .1972197319741975.197G19771978.1979

1980. .198119821983 P

1981:I||IIIIV

1982:1IIIllIV

1983:\p.

llp . .Ill"IV

Income of farm operators from farming

Gross farm income

Total»

13 86.9

10 7

11314.319 923 324.025 429.632 436 530.8

33.138 337.834 434 233.534 034.839.037 9

38 940 542.343 442.346.550.550 551.856.4

58.862171.299.098.3

100 6102.9108.7127 2150.4

1501167.1162.2158 6

161.2165 1172.2169.7

168.4158.5155 9165.8

156.41531154.1170.6

Cash marketing receipts

Total

11.35.37.9

8.411.115 619.620.521724.829 630.227.8

28.532.932.531029.829.530 429.733.533.6

34 235.236.537 537.339.443.442 844.248.2

50.552 761.186.992.488 995.496.2

112 9131.8

140 5142.3144.6142 4

141.9138 5145.7143.0

147.6142.0142 3146.3

144.51413145.0138.8

Livestockand

products

6.22.84.5

496.590

11.511.412 013.816 517.115.4

16.119.618.216 916.316.016.417.419.218 9

19 019 520.220 019.921.925.024 425.528.6

29.530 535.645.841.343 146.347.659 268.6

67 869.270.270 7

69.269 570.168.0

70.771.070 268.9

71.570 870.170.3

Crops

5.12.533

354.6658.19.297

11.013113.112.4

12.413 214.314113.613.514 012.314.214 7

15 315 716.317 417.417.518.418 418.719.6

21.022 325.541.151.145 849.048.653 763.2

11173.174.4717

72.769 075.675.0

76.971.072 177.4

73.070 574.968.5

Value ofinventorychanges2

- 0 . 1- .2

.1

.3

.41.1.1

- .4- .4

.0- 1 . 8

1.7- . 9

.81.2.9

- . 6.5.2

- .5.6.8.0

.4

.3

.6

.68

1.017.1.1

.01.4.9

3.4-1 .6

3.4- 1 . 5

1.18

4.9

- 5 . 37.6

- 1 . 9- 8 . 8

3.11019.57.9

2.0- 1 . 7- 3 . 5- 4 . 2

-8 .6- 9 . 9

-12.3-4 .4

Produc-tion

expenses

7.74.46.3

6.97.8

10.011.612.313.114.517.018.818.0

19.522.322.821.521.822.222.723.725.827.2

27.428.630.331.631.833.736.538.239.542.1

44.547.151.764.671.075.082.788.999.5

118.1

128.6137.0140.1136.0

135.1136 5137.8138.6

141.0141.5140.3137.6

136.6135.1135.3137.0

Net farm

Currentdollars

6.22.64.4

4.56.59.9

11.711.712.315.115.417.712.8

13.615.915.013.012.411.311.311.113.210.7

11.512.012.111.810.512.914.012.312.314.3

14.415.019.534.427.325.620.119.811132.3

21.530.122.122.6

26.128.634.431.1

27.417.015.628.2

19.818.018.833.6

income

1967dollars3

12.06.6

10.6

10.714.720.222.722.222.825.823.024.517.9

18.920.518.816.215.414.113.813.115.212.3

13.013.313.312.811.313.714.412.311.813.0

12.412.415.625.918.515.911.810.914.214.8

8.711.07.67.6

9.910.712.511.0

9.75.95.39.6

6.76.16.3

11.1

1Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney incomefurnished by farms.

2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.3 Income in current dollars divided by the consumer price index (Department of Labor).

Source: Department of Agriculture, except as noted.

325


TABLE B-93.—Farm output and productivity indexes, 1929-83

[1977 = 100]

Year

1929

1933

1939

19401941194219431944

19451946 .. .194719481949

1950 . ..1951195219531954

1955195619571958 .. .1959

I9601961 ....196219631964 ....

19651966 . .. ..196719681969

19701971197219731974

19751976197719781979

1980198119821983"

Farm output

Total»

44

42

48

5052585759

586058

CO

CM

i—

CO

CO

C

C

63666666

6969677374

7676778079

8279838585

8492919388

9597100104111

10311811799

Crops2

Total3

48

43

49

5152585558

5659566461

5960626261

6363626968

7270717472

7673777980

7786879284

9392100102113

10111611887

Feedgrains

38

35

40

4144514749

4751395750

5147504951

5454586466

6962626859

7070797578

7192889174

9196100108116

9712112467

Foodgrains

39

27

36

4045484151

5355646253

4949635751

4850476955

6660565965

6767768074

6981778691

10810710093108

121144140117

Oilcrops

6

5

14

1616232320

2019222726

2626262628

3034333936

3843444646

5355566465

6668748771

8674100105129

9911412489

Live-stockandprod-ucts2

50

54

56

5760677269

6866

6467

7073747477

7979787983

8286868991

8991949495

9910010199100

9599100101104

108109107110

Productivity indicators

Farmoutputper

unit oftotalinput

45

46

51

5254585758

5861596361

6161636465

6768697474

7778798282

8683868788

8794949590

9998100102106

101115116105

Cropproduc-tionperacre4

48

43

51

5354595558

5760576460

5959626261

6364657372

7778818381

8583868991

8896999988

9694100105113

9911311599

Farm output perfarm work

Total

9

9

11

1213141414

151616

o

cooo

20222324

2628293335

3739414547

5253586263

6674788179

8994100109119

112131136132

Crops

O

O

CM

C

14151516

1618182020

2222242526

2830333837

4142454749

565963-6668

7079848780

8991100105118

104120127116

lour of

Live-stockandprod-ucts

14

13

14

1415161616

161717

o

oooo

20212223

24252628co

cr

35374043

4549535559

6468737682

8593100109118

129138147149

1 Farm output measures the annual volume of net farm production available for eventual human use through sales from farms orconsumption in farm households.

2 Gross production.3 Includes items not included in groups shown.4 Computed from variable weights for individual crops produced each year.Source: Department of Agriculture.

326


TABLE B-94.—Farm input use, selected inputs, 1929-83

Year

Farm populationApril1

Num-ber

(thou-sands)

Asper-cent

oftotalpopu-

lation2

Farm employment(thousands)3

Total

Fam-ily

work-ers

Hiredwork-

ers

Cropshar-

vested(mil-

lions ofacres)4

Selected indexes of input use (1977=100)

TotalFarmlabor

Farmreal

estate

Me-chanicalpower

andmachin-

ery

culturalchemi-cals5

Feed,seed,andlive-stockpur-

chases6

1929..

1933..

1939..

1940..1941..1942..1943..1944..

19451946194719481949

1950..1951..1952..1953..1954..

19551956195719581959

I960....1961....1962....1963....1964....

1965

1966

1967....1968....1969....

1970....1971....1972....1973....1974....

1975....1976....1977....1978....1979....

1980198119821983'...

30,580

32,393

30,840

30,54730,11828,91426,18624,815

24,42025,40325,82924,38324,194

23,04821,89021,74819,87419,019

19,07818,71217,65617,12816,592

15,63514,80314,31313,36712,954

12,36311,59510,87510,45410,307

9,7129,4259,6109,4729,264

8,8648,253

7 6,1947 6,5017 6,241

7 6,0517 5,79075,620

25.1

25.8

23.5

23.122.621.419.217.9

17.518.017.916.616.2

15.214.213.912.511.7

11.511.110.39.89.3

8.78.17.77.16.7

6.45.95.55.25.1

4.74.54.64.54.3

4.13.8

7 2.87 2.97 2.8

7 2.77 2.57 2.4

12,763

12,739

11,338

10,97910,66910,50410,44610,219

10,00010,29510,38210,3639,964

9,9269,5469,1498,8648,651

8,3817,8527,6007,5037,342

7,0576,9196,7006,5186,110

5,6105,2144,9034,7494,596

4,5234,4364,3734,3374,389

4,3424,3744,1553,9573,774

3,7058 3,641

3,5783,518

9,360

9,874

8,611

8,3008,0177,9498,0107,988

7,8818,1068,1158,0267,712

7,5977,3107,0056,7756,570

6,3455,9005,6605,5215,390

5,1725,0294,8734,7384,506

4,1283,8543,6503,5353,419

3,3483,2753,2283,1693,075

3,0262,9972,8592,6892,501

2,402• 2,324

2,2482,174

3,403

2,865

2,727

2,6792,6522,5552,4362,231

2,1192,1892,2672,3372,252

2,3292,2362,1442,0892,081

2,0361,9521,9401,9821,952

1,8851,8901,8271,7801,604

1,4821,3601,2531,2131,176

1,1751,1611,1461,1681,314

1,3171,3771,2961,2681,273

1,303J 1,3171,3301,344

365

340

331

341344348357362

354352355356360

345344349348346

340324324324324

324302295298298

298294306300290

293305294321328

336337345338349

352366365304

99

93

96

9797100101102

1009898100102

101104104103102

102100

99

97979797

9696979797

9798979898

9699100102105

10310210094

469

457

419

417411421416412

386371351342329

310310296285274

264249231222216

207198189183174

156147143138133

126123117115112

1071031009593

929086

106

99

104

106104102101101

101105106106107

108108107107107

107105104103104

103102103103103

102101103102101

10410210110098

9798100100100

101101102

83

8082858686

8587869092

9698100104107

10410399

99101113

1314151618

1921232424

2627272832

3235384346

4956666973

7581869092

8396100107118

120121111

28

26

37

3942444848

5049515256

5862636365

6669687377

7781838385

928993

96102104107

99

93101100104111

108104105

}Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms inrural areas, regardless of occupation. See also footnote 7.

2 Total population of United States including Armed Forces overseas, as of July 1.3 Includes persons doing farmwork on all farms. These data, published by the Department of Agriculture, differ from those on

agricultural employment by the Department of Labor (see Table 6-29) because of differences in the method of approach, in concepts ofemployment, and in time of month for which the data are collected.

4 Acreage harvested plus acreages in fruits, tree nuts, and farm gardens.5 Fertilizer, lime, and pesticides.6Nonfarm constant dollar value of feed, seed, and livestock purchases.7 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total

population) for 1977, 1978, 1979, 1980, 1981, and 1982 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 6,942 and 3.0;and 6,870 and 3.0, respectively.

8 Previous basis for farm employment series has been discontinued. Employment after 1980 is estimated.

Note.—Population includes Alaska and Hawaii beginning 1960.

Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).

327


TABLE B-95.—Indexes of prices received and prices paid by farmers, 1946-83

[1977=100]

Year or month

Prices received by farmers

Allfarmprod-ucts

Crops

Live-stockand

prod-ucts

Prices paid by farmers

Allcommod-

ities,services,interest,

taxes,and

wagerates1

Production items

Total2

Tractorsandself-pro-

pelledmachin-

ery

Fertil-izer

Fuelsand

energy

Wagerates

Adden-dum:Aver-agefarmrealestatevalueper

acre3

19461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983"1982:JanFebMarAprMayJuneJulyAugSeptOctNovDec

1983:JanFebMar

May"..June...July....Aug....

SNovDec

5260635556666356545150515553

52535353525458555659

60626998105101102100115132

134139133135

132133133135139138137133136128128127

128132134136137134

131139136134135140

5361595254616255565354525251

51525455555355525250

52566091117105102100105116

125134121128

126123120123126125125117124114117114

114118121127129126

125139135134134136

5060655658706456524947515753

53525351495460576067

6767771049498101100124147

144143145141

137143145147151150147148147142139139

142146146145144141137139137135135144

3035383637414240404040424343

44444545454749495153

55586271818995100108123

138150156160

154154155155156156157157157156156156

157158159159160160

160160161161162162

3339434142474744444343444646

46464747474850505052

54576173839197100108125

138148149153

147148149149150151151150149148148148

150151152153154154

152153154153154155

3940424447

49515458688291100109122

136152165174

159159161161161167167167168168168168

168168172172172176

176176177177177177

4550555654575959595857585857

57585857575756555248

4850525692120102100100108134144144137

143143147147146146146146146141141139

139139138138138138

138138138134134136

494950505152535457798893100105137188213210202

217215206199201211214212212211212209

205199191198203204

205206206206203201

2022232222252627272728293032

33333435363841444853

57596369798593100107117126137143147

143143143143143143143143143143143143

147147147147147147

147147147147147147

1113141414161818181919212223

24252627293133353840

42434753667586100109125145158157148

157

148

1 Includes items used for family living, not shown separately.2 Includes other items not shown separately.3 Average for 48 States. Annual data are for March 1 of each year through 1975, for February 1 for 1976 through 1981, and forApril 1 for 1982 and 1983. Monthly data are for first of month.

Source-. Department of Agriculture.

328


TABLE B-96.— U.S. exports and imports of agricultural commodities, 1940-83


Year

Exports

Total1 Feedgrains

Foodgrains2

Oil-seedsand

prod-ucts

Cot-ton

To-bacco

Ani-malsand

prod-ucts

Imports

Total1

Crops,fruits,

andvege-

tables3

Ani-malsand

prod-ucts

Cof-fee

Cocoabeansand

prod-ucts

Agri-cultural

tradebalance

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

Jan-Nov:1982....1983....

0.5.7

1.22.12.1

2.33.14.03.53.6

2.94.03.42.83.1

3.24.24.53.94.0

4.85.05.05.66.3

6.26.96.46.36.0

7.37.79.4

17.7"21.9

21.923.023.629.434.7

41.243.336.6

33.732.6

PI(4)

5.96.5

1.21.41.31.51.7

1.41.81.51.41.2

1.41.31.84.75.4

6.24.73.65.56.3

7.99.67.9

.6

.6

.7

.81.0

1.21.21.31.31.3

1.92.22.44.35.7

4.55.16.68.28.9

9.49.69.1

0.2.1.1.2.1

.3

.5

.4

.5

.9

1.01.1.9.5

.5

.71.0.7.4

1.0.9

'.S.7

.5

.4

.5

.5

.3

.4

.6

!91.3

1.01.01.51.72.2

2.92.32.0

.2

.1

.2

.4

.3

.2

.3

.3

.3

.2

.3

.3

.4

.3

.4

.4

.3

.4

.4

.4

.4

.4

.4

.5

.5

.5

0.1

.81.21.3

.9

.9

.7

.5

.4

.3

.5

.3

.4

.5

.6

J.5.6

.6

.6

.6

.7

.91.01.11.61.8

1.72.42.73.03.8

3.84.23.9

3.65 2.8

1.31.71.31.51.8

1.72.32.83.12.9

4.05.24.54.24.0

4.04.04.03.94.1

3.83.73.94.04.1

4.14.54.55.05.0

5.85.86.58.4

10.2

9.311.013.414.816.7

17.416.815.2

14.115.3

()0.1

0.2.3.5.4.3

.4

.4

.4

.6

.4

.71.1.7.6.5

.5

.4

.5

.7

3.35 3.2

0.1.2

.3

.3

.3

.5

.6

'.S

1.11.41.41.51.5

1.41.41.41.21.1

1.01.01.01.01.2

1.11.11.01.2.9

1.21.21.31.71.6

1.72.94.24.04.2

4.22.92.9

- 0 . 8- 1 . 0- . 1

.6

.3

'.S1.2.3.7

- 1 . 1- 1 . 1- 1 . 1- 1 . 3—.9

.2

.6(4 )

1.01.31.21.62.3

2.12.41.91.31.1

1.51.92.99.3

11.7

12.612.010.214.618.0

23.926.621.4

19.717.3

1 Total includes items not shown separately.2 Rice, wheat, and wheat flour.3 Includes nuts, fruits, and vegetable preparations.4 Less than $50 million.5 Total includes major animal products.

Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commoditiesare defined as (1) nonmarine food products and (2) other products of agriculture which have not passed through complex processes ofmanufacture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and othercharges to the port. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight,and marine insurance.

Source: Department of Agriculture.

329


TABLE B-97.—Balance sheet of the farming sector, 1929-84


Beginning ofyear

Assets

TotalReal

estateLive-

stock 1Machin-ery andmotor

vehicles

Other physical assets

Crops2

House-hold

equip-mentand

furnish-ings

Financial assets

Depos-itsandcur-

rency

U.S.savingsbonds

Invest-ments incooper-atives

Claims

Total estatedebt

Otherdebt

Propri-etors'

equities

1929

1933...

1939

48.0

30.8

34.1

6.6

3.0

5.1 3.2

9.8

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

1975 3

1976197719781979

19801981198219831984 4

53.054.862.973.684.0

93.8102.9115.9127.4134.6

134.5154.3170.1167.6164.5

168.9173.6182.8191.3207.6

210.2210.9219.3227.6235.8

243.8260.8274.3288.0302.8

314.9326.0351.8394.8478.5

502.6576.3664.2736.5873.4

1,005.51,089.81,083.41,048.81,067.6

33.634.437.541.648.2

53.961.068.573.776.6

77.689.598.5

100.198.7

102.2107.5115.7121.8131.1

137.2138.5144.5150.2158.6

167.5179.2189.1199.7209.2

215.8223.2239.6267.3327.7

359.7418.1496.4554.7655.0

755.9828.4818.9772.5792.0

5.15.37.19.69.7

9.09.7

11.913.314.4

12.917.119.514.811.7

11.210.611.013.917.7

15.215.616.417.315.9

14.517.619.018.820.2

23.523.727.334.142.4

24.529.429.031.951.3

61.460.853.652.951.3

3.13.34.04.95.4

6.55.45.37.4

10.1

12.214.116.717.418.4

18.719.320.220.121.8

22.722.222.523.523.9

24.826.027.429.831.3

32.334.436.639.344.2

54.764.071.077.085.1

96.8102.5108.8111.0113.8

2.73.03.85.16.1

6.76.37.19.08.6

7.67.98.89.09.1

9.68.38.37.69.3

7.78.08.89.39.8

9.29.7

10.09.6

10.6

10.910.711.814.522.0

23.321.322.124.828.0

33.535.936.342.137.0

4.24.14.84.84.7

5.25.67.28.18.9

8.49.6

10.19.69.5

9.710.09.69.69.4

9.28.78.98.88.8

8.48.48.38.89.4

9.610.010.811.912.3

11.211.712.113.816.0

17.219.420.822.623.5

3.23.54.25.46.6

7.99.4

10.29.99.6

9.19.19.49.49.4

9.49.59.49.5

10.0

9.28.78.89.29.2

9.610.010.310.911.5

11.912.413.214.014.9

14.014.514.815.215.5

15.916.216.717.418.2

0.2.4.5

1.12.2

3.44.24.24.44.6

4.74.74.74.64.7

5.05.25.15.15.2

4.74.64.54.44.2

4.24.13.93.83.8

3.73.63.74.04.2

3.83.93.83.94.2

4.03.83.63.53.6

0.8.9.9

1.01.1

1.21.41.51.71.9

2.12.32.52.72.9

3.03.23.53.73.9

4.24.54.85.05.4

5.65.96.26.56.8

7.28.08.89.8

10.9

11.413.414.915.418.3

20.822.824.626.828.2

53.054.862.973.684.0

93.8102.9115.9127.4134.6

134.5154.3170.1167.6164.5

168.9173.6182.8191.3207.6

210.2210.9219.3227.6235.8

243.8260.8274.3288.0302.8

314.9326.0351.8394.8478.5

502.6576.3664.2736.5873.4

1,005.51,089.81,083.41,048.81,067.6

8.5

6.8

6.66.56.46.05.4

4.94.84.95.15.3

5.66.16.77.27.7

8.29.09.8

10.411.1

12.112.813.915.216.8

18.921.223.125.127.4

29.230.332.235.139.5

44.649.655.263.371.4

85.495.5

105.5109.5111.9

3.44.04.13.93.5

3.43.13.54.26.1

6.97.08.08.99.2

9.49.89.5

10.012.6

12.713.414.616.217.6

17.919.520.922.323.1

23.824.127.429.833.8

37.042.048.759.469.4

80.486.596.1

106.8103.2

43.044.352.563.875.1

85.495.0

107.5118.1123.3

122.1141.3155.5151.5147.6

151.2154.9163.4170.8183.9

185.4184.7190.9196.2201.4

207.0220.1230.2240.6252.3

261.9271.5292.2330.0405.2

421.0484.8560.4613.8732.6

839.7907.8881.7832.5852.5

1 Beginning with 1961, horses and mules are excluded.2 Includes all crops held on farms and crops held off farms by farmers as security for Commodity Credit Corporation loans.3 Beginning 1975, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.4 Forecast.

Note.—Beginning 1960, data include Alaska and Hawaii.

Source: Department of Agriculture.

330


INTERNATIONAL STATISTICS

TABLE B-98.— Exchange rates, 1967-83

[Cents per unit of foreign currency, except as noted]

Year and month

March 1973

196719681969

19701971197219731974

19751976197719781979

1980198119821983

1982:1IIIllIV

1983:1IIIllIV

March 1973

196719681969

19701971197219731974

19751976197719781979

1980198119821983

1982:1IIIllIV

1983:1IIIII....IV

Belgian franc

2.5378

2.01252.00261.9942

2.01392.05982.27162.57612.5713

2.72532.59212.79113.18093.4098

3.42472.70072.18441.9561

2.41662.22162.10172.0529

2.11102.01781.88381.8357

Netherlandsguilder

34.834

27.75927.62627.592

27.65128.65031.15335.97737.267

39.63237.84640.75246.28449.843

50.36940.19137.42735.035

38.83637.92036.60936.526

37.54535.82033.81633.300

Canadiandollar

100.333

92.68992.80192.855

95.80299.021100.93799.977102.257

98.297101.41094.11287.72985.386

85.53083.40881.01181.136

82.72180.36680.02281.199

81.46381.21481.11080.743

Swedish krona

22.582

19.37319.34919.342

19.28219.59221.02222.97022.563

24.14122.95722.38322.13923.323

23.64719.86015.91413.035

17.43216.92916.22913.660

13.48613.26012.80612.626

French franc

22.191

20.32320.19119.302

18.08718.14819.82522.53620.805

23.35420.94220.34422.21823.504

23.69418.48915.19913.123

16.68615.94914.39614.143

14.51713.40312.56112.251

Swiss franc

31.084

23.10423.16923.186

23.19924.32521.19331.70033.688

38.74340.01341.71456.28360.121

59.69751.02549.19647.605

53.35850.12447.27246.739

49.59548.17846.56346.306

German mark

35.548

25.08425.04825.491

27.42428.76831.36437.75838.723

40.72939.73743.07949.86754.561

55.08944.36241.18639.156

42.63042.04840.26839.998

41.51340.25637.82837.344

United Kingdompound

247.24

275.04239.35239.01

239.59244.42250.08245.10234.03

222.16180.48174.49191.84212.24

232.58202.43174.80151.59

184.61177.95172.41164.81

153.28155.21150.95146.91

Italian lira

0.17604

.16022

.16042

.15940

.15945

.16174

.17132

.17192

.15372

.15338

.12044

.11328

.11782

.12035

.11694

.08842

.07386

.06582

.07932

.07575

.07169

.06968

.07139

.06773

.06351

.06156

Japanese yen

0.38190

.27613

.27735

.27903

.27921

.28779

.32995

.36915

.34302

.33705

.33741

.37342

.47981

.45834

.44311

.45432

.40151

.42096

.42821

.41003

.38614

.38697

.42436

.42109

.41252

.42714

Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)

Nominal

100.0

120.0122.1122.4

121.1117.8109.199.1101.4

98.5105.6103.392.488.1

87.4102.9116.6125.3

109.9114.0119.8122.2

119.4123.0128.7130.2

Real1

100.0

98.899.2

93.997.393.184.283.2

84.8100.8111.7117.3

106.0109.2115.3116.1

112.1115.3120.5121.3

1 Adjusted by changes in consumer prices.Source: Board of Governors of the Federal Reserve System.

331


TABLE B-99.—U.S. international transactions, 1946-83

[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits ( + ), debits ( - ) ]

Year orquarter

1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

1981:IIIIllIV

1982:1IIIllIV

1983:IIIIll"

Merchandise1

Exports

11,76416,09713,26512,213

10,20314,24313,44912,41212,929

14,42417,55619,56216,41416,458

19,65020,10820,78122,27225,501

26,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107,088114,745120,816142,054184,473

224,237237,019211,217

60,79360,03157,81258,383

55,63654,99652,24148,344

49,50648,91350,585

Imports

-5,067-5,973-7,557-6,874

-9,081-11,176-10,838-10,975-10,353

-11,527-12,803-13,291-12,952-15,310

-14,758-14,537-16,260-17,048-18,700

-21,510-25,493-26,866-32,991-35,807

-39,866-45,579-55,797-70,499

-103,811

-98,185-124,228-151,907-176,020-212,028

-249,781-265,086-247,606

-65,275-67,373-66,214-66,224

-61,739-60,850-65,319-59,698

58,316-63,574-68,754

2

Net

6,69710,1245,7085,339

1,1223,0672,6111,4372,576

2,8974,7536,2713,4621,148

4,8925,5714,5215,2246,801

4,9513,8173,800

635607

2,603-2,260-6,416

911-5,505

8,903-9,483

-31,091-33,966-27,555

-25,544-28,067-36,389

-4,482-7,342-8,402-7,841

-6,103-5,854

-13,078-11,354

8,810-14,661-18,169

Investment income3

Receipts

7721,1021,9211,831

2,0682,6332,7512,7362,929

3,4063,8374,1803,7904,132

4,6164,9995,6186,1576,824

7,4377,5288,0209,368

10,912

11,74712,70714,76421,80827,587

25,35129,28632,17942,24564,132

72,44586,24384,146

20,68321,71722,04321,801

20,76122,31621,56919,499

17,69719,02720,622

Payments

- 2 1 2- 2 4 5-437- 4 7 6

-559- 5 8 3- 5 5 5- 6 2 4- 5 8 2

- 6 7 6- 7 3 5- 7 9 6- 8 2 5

-1,061

-1,237-1,245-1,324-1,561-1,784

-2,088-2,481-2,747-3,378-4,869

-5,516-5,436-6,572-9,655

-12,084

-12,564-13,311-14,217-21,680-32,914

-42,875-52,760-56,842

-12,477-13,505-13,888-12,892

-13,824-14,779-14,748-13,491

12,608-13,326-13,694

Net

560857

1,4841,355

1,5092,0502,1962,1122,347

2,7303,1023,3842,9653,071

3,3793,7544,2944,5965,040

5,3495,0475,2735,9906,043

6,2317,2718,192

12,15315,503

12,78715,97517,96220,56531,218

29,57033,48327,304

8,2068,2128,1558,909

6,9377,5376,8216,008

5,0895,7016,928

Netmilitarytransac-

tions

- 4 9 3- 4 5 5- 7 9 9- 6 2 1

- 5 7 6-1,270-2,054-2,423-2,460

-2,701-2,788-2,841-3,135-2,805

-2,752-2,596-2,449-2,304-2,133

-2,122-2,935-3,226-3,143-3,328

-3,354-2,893-3,420-2,070-1,653

- 7 4 6559

1,528621

-1,778

-2,286-1,355

179

- 5 8 3- 4 3 5

179- 5 1 5

- 5 1201

54- 2 6

516117

- 2 1

Nettraveland

transpor-tation

receipts

733946374230

- 1 2 0298

83- 2 3 8-269

-297- 3 6 1- 1 8 9- 6 3 3- 8 2 1

- 9 6 4- 9 7 8

-1,152-1,309-1,146

-1,280-1,331-1,750-1,548-1,763

-2,038-2,345-3,063-3,158-3,184

-2,792-2,558-3,565-3,573-2,935

-1,434- 5 9 8

-2,095

- 2 6 6- 1 7 8- 1 8 4

30

- 2 0 8- 5 6 1-557- 7 6 9

935-1,222

- 7 4 5

Otherserv-ices,net3

310145175208

242254309307305

299447482486573

579594809960

1,041

1,3871,3651,6121,6301,833

2,1802,4952,7663,1843,986

4,5984,7115,2726,0135,735

7,1728,0607,822

1,9642,0522,0531,988

2,0501,9141,9061,951

2,1142,2342,092

Balanceon goods

andservices14

7,80711,6176,9426,511

2,1774,3993,1451,1952,499

2,9285,1537,1073,1451,166

5,1326,3466,0257,1679,604

8,2855,9635,7083,5633,393

5,6252,269

-1,94111,0219,147

22,7499,205

-9,894-10,340

4,686

7,47711,523

-3,177

4,8392,3091,8012,571

2,6253,236

-4,854-4,190

2,026-7,832-9,915

Remit-tances,

pensions,and otherunilateral

transfersl

-2,922-2,625-4,525-5,638

-4,017-3,515-2,531-2,481-2,280

-2,498-2,423-2,345-2,361-2,448

-2,308-2,524-2,638-2,754-2,781

-2,854-2,932-3,125-2,952-2,994

-3,294-3,701-3,854-3,881

5 -7 ,186

-4,613-4,998-4,617-5,106-5,649

-7,056-6,931-8,034

-1,495-1,567-1,884-1,986

-2,061-1,802-1,742-2,431

-1,561-1,823-2,061

Balanceon

currentac-

count 14

4,8858,9922,417

873

-1,840884614

-1,286219

4302,7304,762

784-1,282

2,8243,8223,3874,4146,823

5,4323,0312,583

611399

2,331-1,433-5,795

7,1401,962

18,1364,207

-14,511-15,446

- 9 6 4

4214,592

-11,211

3,344742

- 8 3585

5641,434

-6,596-6,621

-3,587-9,655

-11,976

1 Excludes military.2 Adjusted from Census data for differences in valuation, coverage, and timing.3 Fees and royalties from U.S. direct investments abroad or from foreign direct investments in the United States are excluded from

investment income and included in other services, net.4 In concept, balance on goods and services is equal to net exports and imports in the national income and product accounts (and

the sum of balance on current account and allocations of special drawing rights is equal to net foreign investment in the accounts),although the series differ because of different handling of certain items (gold, extraordinary military shipments, etc.), revisions, etc.


3S2


TABLE B-99.—U.S. international transactions, 1946-83—Continued

[Millions of dollars,- quarterly data seasonally adjusted, except as noted]

Year orquarter

1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

19811IIIIIIV

19821IIIIIIV

19831IIIll P

U.S. assets abroad, net[increase/capital outflow ( - ) ]

Total

-4,099-5,538-4,174-7,270-9,560

-5,716-7,321-9,757

-10,977-11,585

-9,337-12,475-14,497-22,874-34,745

-39,703-51,269-34,785-61,130-64,331

-86,052-110,601-118,045

-23,335-22,170-17,279-47,817

-31,456-40,934-26,099-19,553

-21,699- 6 5 8

-6,429

U.S.officialreserveassets6

6233 315

- 1 7 3 6266

1,75833

4151,256

480

182-869

-1,1652,2921,035

2,145607

1,535378171

1,225570

53870

-1,179

2,4812,349

- 4158

-1,467

-849-2,558

- 3 7 5732

-1,133

-8,155-5,175-4,965

-4,529- 9 0 5

- 4262

-1,089-1,132

- 7 9 4-1,950

-78716

529

OtherU.S.

Govern-mentassets

-1,100- 9 1 0

-1,085-1,662-1,680

-1,605-1,543-2,423-2,274-2,200

1,589-1,884-1,568-2,644

5 366

-3,474-4,214-3,693

4,660-3,746

-5,140-5,078-5,732

-1,361-1,469-1,274

- 9 7 3

8071,489

-2,502- 9 3 4

-1,053-1,162-1,188

U.S.privateassets

-5,144-5,235-4,623-5,986-8,050

-5,336-6,347-7,386-7,833-8,206

10,229-12,940-12,925-20,388-33,643

-35,380-44,498-30,717-57,202-59,453

-72,757-100,348-107,348

-17,445-19,796-16,001-47,106

29,56038,313

-22,803-16,670

-19,859488

-5,770

Foreign assets in the U.S., net[increase/capital inflow ( + )]

Total

2,2942,7051,9113,2173,643

7423,6617,3799,928

12,702

6,35922,97021,46118,38834,241

15,67036,51851,31964,03638,752

54,92280,67887,866

8,43713,95916,73141,551

27,12431,61217,61311,517

16,45210,95618,487

Foreignofficialassets

1,473765

1,2701,9861,660

134-6723,451- 7 7 4

-1,301

6,90826,87910,4756,026

10,546

7,02717,69336,81633,678

-13,665

15,5665,4303,172

5,517-2,999-5,880

8,792

3,0611,9302,6421,661

491,973

-3,235

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002

- 5 5 0-3,90910,98612,36223,696

8,64318,82614,50330,358§2,416

39,35675,24884,694

2,92016,95822,61132,760

30,18529,68214,9729,855

16,4038,983

21,722

Alloca-tions ofspecialdrawingrights(SDRs)

867717710

1,139

1,1521,093

1,093

Statisticaldiscrepancy

Total(sum of

the itemswith signreversed)

-1,019- 9 8 9

-1,124- 3 6 0

907

- 4 5 8629

- 2 0 5438

-1,516

219-9,779

1,879-2,654-1,458

5,89710,544

-2,02312,54025,404

29,55624,23841,390

10,4607,470

6325,680

3,7687,887

15,08214,657

8,833- 6 4 4- 8 2

Of which:Seasonaladjust-ment

discrep-ancy

-1,057855

-1,1451,350

- 7 2 9881

-1,1901,042

-212792

-1,355

5 Includes extraordinary U.S. Government transactions with India.6 Consists of gold, special drawing rights, convertible currencies, and the U.S. reserve position in the International Monetary Fund

(IMF).

Note.—Quarterly data for U.S. official reserve assets and foreign assets in the United States are not seasonally adjusted.


4 2 4 - 4 5 6 0 - 8 4 - 2 2 333


TABLE B-100.—U.S. merchandise exports and imports by principal end-use category, 1965-83

[Millions of dollars,- quarterly data seasonally adjusted]

Year or quarter

Exports

Total Agricul-tural

Nonagricultural

Total

Capitalgoodsexceptauto-

motive

Othergoods

Imports

Total

Petro-leumand

products

Nonpetroleum

Total

Indus-trial

suppliesand

materi-als

Othergoods

19651966196719681969

1970..1971..1972..1973..1974..

1975....1976....1977....1978....1979....

1980..1981..1982..

1981:I

IllI V

1982:IIIIII....IV....

1983:III....

26,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107,088114,745120,816142,054184,473

224,237237,019211,217

60,79360,03157,81258,383

55,63654,99652,24148,344

49,50648,91350,585

6,3056,9496,4536,2976,098

7,3817,8369,514

17,97722,410

22,24323,38024,33229,90235,595

42,15844,03437,230

12,23010,9949,965

10,845

10,08710,4358,4428,266

9,0098,8309,442

20,15622,36124,21327,32930,316

35,08835,48239,86853,43375,896

84,84691,36596,484

112,152148,879

182,079192,987173,986

48,56549,03747,84747,538

45,54944,56243,79840,077

40,49740,08341,143

8,0528,9079,934

11,11112,422

14,65915,37216,91421,99930,878

36,63939,11339,76646,47158,843

74,17881,54873,816

20,14721,10220,14720,152

19,33719,19518,43116,853

17,34016,95216,731

12,10413,45414,27916,21817,894

20,42920,11022,95431,43445,018

48,20752,25256,71865,68190,036

107,901111,439100,170

28,41827,93527,70027,386

26,21225,36725,36723,224

23,15723,13124,412

21,51025,49326,86632,99135,807

39,86645,57955,79770,499103,811

98,185124,228151,907176,020212,028

249,781265,086247,606

65,27667,37366,21466,224

61,73960,85065,31959,698

58,31663,57468,754

2,0342,0782,0912,3842,649

2,9293,6414,6508,415

26,608

27,01834,57244,98242,31260,482

79,26377,79461,201

20,38620,80119,00817,599

15,47313,36117,23415,133

10,49713,02716,585

19,47623,41524,77530,60733,158

36,93941,93751,14762,08577,204

71,16789,656106,925133,706151,546

170,518187,292186,404

44,89046,57247,20748,624

46,26647,48948,08544,565

47,81950,54752,168

9,12310,2359,956

12,02711,662

12,25013,59516,00219,18827,421

23,62029,14534,95141,30148,494

54,02757,42849,764

13,73014,54814,70814,442

12,83712,20912,62212,096

12,51313,34013,681

10,35313,18014,81918,58021,496

24,68928,34235,14542,89749,783

47,54760,51171,97492,405

103,052

116,491129,864136,640

31,16032,02432,49934,182

33,42935,28035,46332,469

35,30637,20738,487

Note.—Data are on an international transactions basis and exclude military shipments.


334


TABLE B-101.—U.S. merchandise exports and imports by area, 1974-83


Item 1974 1975 1976 1977 1978 1979 1980 1981 1982

1983 first3 quartersat annual

rate1

Exports

Industrial countries..,

CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Other countries, exceptEastern Europe

OPEC2..Other3..

Eastern Europe

Imports

Industrial countries

CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Other countries, exceptEastern Europe

OPEC2..Other3..

98,306

64,487

21,84210,72428,164

3,757

32,082

6,21925,863

1,737

103,811

61,254

22,55412,41424,267

2,019

41,580

17,23424,346

107,088

66,496

23,5379,567

29,884

3,508

37,343

9,95627,387

3,249

98,185

56,117

21,85411,25720,764

2,242

41,334

18,89722,437

114,745

72,335

26,33610,19631,883

3,920

38,287

11,56126,726

4,123

124,22*

67,665

26,65215,53123,003

2,479

55,379

27,40927,970

Eastern Europe.., 977 734 875

120,816

76,970

28,53310,56634,094

3,777

40,951

12,87728,074

2,895

4151,907

79,447

29,86418,56528,226

2,792

70,679

35,77834,901

1,127

142,054

87,948

31,22912,96039,546

4,213

50,213

14,84635,367

3,893

4176,020

99,357

33,75824,54136,618

4,440

74,403

33,28641,117

1,508

184,473

115,930

38,69017,62954,177

5,434

62,630

14,53748,093

5,913

4 212,028

112,809

39,22926,26141,826

5,493

96,137

45,03951,098

224,237

137,152

41,62620,80667,603

7,117

82,942

17,36465,578

4,143

4 249,781

127,908

42,90331,21747,255

6,533

119,142

55,60263,540

237,019

141,918

46,01621,79665,108

8,998

90,639

21,09769,542

4,439

4 265,086

144,339

48,25837,59852,873

5,610

119,194

49,93469,260

211,217

127,326

39,27520,69459,701

7,656

80,142

20,65159,491

3,749

l247,606

144,099

48,47337,68552,908

5,033

102,417

31,51770,900

1,896 1,444 1,553 1,067

198,672

125,371

42,80821,13154,860

6,572

70,884

15,30555,579

2,417

4 254,192

150,536

53,40539,04352,891

5,197

102,295

24,39577,900

1,361

1 Preliminary; seasonally adjusted.2 Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.3 Latin American Republics, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.4 Trade with international organizations is included in totals for 1976-82, but not in area detail. This includes imports of

nonmonetary gold from International Monetary Fund in 1976-80; an export of tin to International Tin Council (ITC) in 1981; and animport of tin from ITC in 1982.

Note.—Data are on an international transactions basis and exclude military.


335


TABLE B-102.—U.S. merchandise exports and imports by commodity groups, 1965-83

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

Totaldomes-tic andforeign

exports2

Merchandise exports1

Domestic exports

Total2

Food,bever-ages,and

tobacco

Crudemateri-als andfuels4

Manu-facturedgoods5

Merchandise imports

General imports6

Total3

Food,bever-ages,and

tobacco

Crudemateri-als andfuels4

Manu-facturedgoods5

Total,c.i.f.

value7

Merchandise trade balance

Exportsless

imports,customs

value

Exportsless

imports,f.a.s.

Exportsless

imports,c.i.f.

19651966196719681969

19701971197219731974

1974*...1975*...1976*...1977*...1978*...1979*...

1980

198119821983

1982:JanFebMar...,

yJune-July...Aug...Sept..Oct....Nov...Dec...

1983-.Jan....Feb....Mar...Apr....May...June..

July...Aug...Sept..Oct....Nov...Dec...

F.a.s. value8 Customs value

26,74229,490

26,39929,054

4,5195,1864,7104,5924,446

5,0585,0766,569

12,93815,233

15,23316,79317,23415,96320,60424,587

30,407

33,20626,97726,979

2,3042,4812,6652,4952,4652,418

1,9022,1531,9262,1282,0511,966

2,3122,2242,3072,0792,0102,194

2,1142,0862,3372,4182,5042,387

4,2734,4044,7264,8655,006

6,6926,4417,091

10,73515,802

15,80215,19716,09518,57920,95728,222

33,719

33,02233,51829,555

3,0063,2683,0122,9432,8802,828

2,6982,6942,7512,6882,4402,420

2,7602,4432,3752,5492,2792,377

2,3822,7812,7562,2892,2342,570

17,43319,218

21,42725,618

4,013 5,4404,590 5,718

11,24414,44615,75620,62423,011

25,90730,41437,76745,00156,202

5,3153,872

31,03034,06337,332

42,65943,54949,19970,82397,998

98,092107,652115,223121,232143,681181,860

220,630

233,677212,193200,486

18,58418,61418,46218,00518,12418,823

18,06017,46317,32016,67115,85216,347

17,39316,32616,75216,07415,56617,008

16,62916,63017,38716,95116,84817,180

30,64633,62636,788

42,02542,91148,39969,73096,634

96,679106,161113,549119,024141,142178,633

216,515

228,899207,076195,917

18,19718,25117,98617,60317,71318,387

17,67117,14316,58416,28415,47615,913

17,00715,98416,33515,72215,18616,652

16,30016,24317,02216,49916,44916,777

20,84423,81826,785

29,34430,44333,74044,73163,523

63,52370,95177,24180,15194,473116,587

143,891

26,88933,22636,043

39,95145,56355,58369,476101,394

4,7015,3655,308

6,2306,4047,3799,23510,701

5,3676,0316,391

6,5427,2688,83813,44631,842

F.a.s. value 8

102,55998,503123,477150,390174,757209,458

244,871

10,7099,92311,89114,22715,74317,735

32,06432,59641,47453,55451,90171,390

18,551 93,973 125,122

55,22351,08064,77576,554100,317112,226

Customs value

154,283139,716132,408

12,35611,95411,82911,55511,78812,536

12,53611,80411,33110,94210,48410,648

11,26310,74311,06210,54510,33111,560

11,12510,85511,18911,24911,19811,314

260,982243,952

22,57319,57020,01917,71420,47721,187

19,84922,93020,58121,00618,89219,154

20,02119,01519,52519,77121,51421,024

21,95022,78222,17524,76323,179

18,350 92,873 142,47517,817 74,404 144,022

1,2451,2171,4551,4431,5411,537

1,4361,6811,7011,6861,4991,414

1,5821,5301,4791,6121,6521,456

1,5601,5511,5871,7221,554

8,2655,8505,7255,0354,9096,175

6,6717,1955,9176,7275,7856,158

5,9114,4134,6554,5115,8455,562

6,0146,5776,4456,8895,892

12,42511,93912,13810,65413,16312,830

11,20013,45612,30411,90310,97810,988

11,98112,56112,67212,85613,35113,249

13,84213,91313,37715,52815,197

28,74535,32038,241

42,42948,34258,86273,573108,392

110,875105,880132,498160,411186,045222,228

256,984

273,352254,885269,878

23,59820,39920,88918,50821,42222,129

20,75623,99221,51821,93219,73720,002

20,96219,90620,38120,67522,47321,964

22,98823,81723,19425,91724,24823,481

4,141837

1,289

2,708-2,014-6,384

1,348-3,396

-4,4679,149

-8,254-29,158-31,076-27,599

-24,241

-27,305-31,759

-3,989- 9 5 6

-1,557291

-2,353-2,364

-1,790-5,467-3,261-4,335-3,041-2,808

-2,628-2,689-2,774-3,697-5,948-4,016

-5,321-6,152-4,788-7,812-6,331

2,283-1,257

-909

230-4,793-9,663

2,752-10,395

-12,7831,772

-17,274-39,179-42,364-40,368

-36 ,354

-39,675-42,691-69,392

-5,015-1,785-2,427

- 5 0 3-3,297-3,306

-2,697-6,529-4,198-5,261-3,885-3,655

-3,569-3,580-3,630-4,601-6,907-4,956

-6,359-7,187-5,807-8,966-7,401-6,301

1 Beginning I960, data have been adjusted for comparability with the revised commodity classifications effective in 1965.2 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excluded

from total exports.3 Total includes commodities and transactions not classified according to kind.4 Includes fats and oils.5 Includes machinery, transportation equipment, chemicals, metals, and other manufactures. Export data for these items include

military grant-aid shipments through 1977 and exclude them thereafter.6 Total arrivals of imported goods other than intransit shipments.7 C.i.f. (cost, insurance, and freight) import value at first port of entry into United States. Data for 1967-73 are estimates.8 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.

Note.—Data are as reported by the Bureau of the Census adjusted to include silver ore and bullion reported separately prior to 1969.Trade in gold is included beginning 1974. Export statistics cover all merchandise shipped from the U.S. customs area, except suppliesfor the U.S. Armed Forces. Exports include shipments under Agency for International Development and Food for Peace programs as wellas other private relief shipments.

Data for 1980 and 1981 include trade of the U.S. Virgin Islands, except that for 1980 Virgin Islands exports are reflected only in thefigures for domestic and foreign exports combined, total domestic exports, and trade balance.

*Data for 1974-79 for domestic and foreign exports combined, total domestic exports, total general imports, and trade balanceinclude trade of the Virgin Islands.

Source: Department of Commerce (Bureau of the Census and International Trade Administration, Office of Trade Information andAnalysis, Trade Performance Division).

336


TABLE B-103.—International investment position of the United States at year-end, selected years, 1970-82


Type of investment 1970

58.6

165.5

14.5

11.1.9

1.9.6

32.1

29.72.5

118.8

75.521.0

13.8

8.5

106.8

26.1

17.71.7

6.7.0

80.7

13.3

22.71.2

34.7

8.8

1972

37.1

199.0

13.2

10.52.0

.5

.2

36.1

34.12.0

149.7

89.927.6

20.7

11.4

161.8

63.2

52.91.6

8.5.2

98.7

14.9

21.21.2

50.7

10.7

1974

58.8

255.7

15.9

11.72.4

1.9.0

38.4

36.32.1

201.5

110.128.2

46.2

17.0

196.9

79.8

58.12.6

18.4.6

117.1

25.1

41.81.7

34.9

13.6

1976

83.8

347.2

18.7

11.62.4

4.4.3

46.0

44.11.9

282.4

136.844.2

81.1

20.3

263.4

104.2

72.68.8

17.25.6

159.1

30.8

53.57.0

54.9

13.0

1978

76.2

447.9

18.7

11.71.6

1.04.4

54.2

52.31.9

375.0

162.753.4

130.8

28.1

371.6

173.0

128.512.7

23.38.5

198.7

42.5

77.78.9

53.6

16.0

1980

120.6

606.7

26.8

11.22.6

2.910.1

63.5

61.91.7

516.4

215.462.5

203.9

34.7

486.1

176.0

118.213.3

30.414.1

310.1

68.4

121.116.174.1

30.4

1981

156.5

716.9

30.1

11.24.1

5.19.8

68.4

67.11.3

618.4

226.463.2

293.0

35.9

560.4

180.9

125.113.3

26.915.6

379.5

90.4

165.318.675.4

29.9

1982

Net international investment position of the United States...

U.S. assets abroad

U.S. official reserve assets

GoldSpecial drawing rights (SDRs)Reserve position in the International Monetary

Fund (IMF)Foreign currency reserves

Other U.S. Government assets..

U.S. loans and other long-term assetsU.S. short-term assets other than reserves

U.S. private assets

Direct investments abroad (book value)Foreign securitiesClaims on foreigners reported by U.S. banks, not

included elsewhereClaims on unaffiliated foreigners reported by

U.S. nonbanks

Foreign assets in the United States..

Foreign official assets

U.S. Government securities1

Other U.S. Government liabilitiesLiabilities reported by U.S. banks, not included

elsewhereOther official assets

Other foreign assets

Direct investments in the United States (bookvalue)

Liabilities reported by U.S. banks, not includedelsewhere

U.S. Treasury securitiesOther U.S. securities2

Liabilities to unaffiliated foreigners reported byU.S. nonbanks

168.6

834.2

34.0

11.15.3

7.310.2

73.9

72.81.2

726.3

221.375.3

402.3

27.3

665.5

189.2

132.513.8

24.918.0

476.3

101.8

229.625.893.3

25.8

1 Includes Treasury and agency issues of securities.2 Corporate and other bonds and corporate stocks.


337


TABLE B-104.— World trade: Exports and imports, 1965, 1970, 1975, and 1979-83

[Billions of U.S. dollars]

Area and country 1965 1970 1975 1979 1980 1981 1982 1983 >

Developed countries3...

United States..CanadaJapan

European Community4

FranceWest Germany....ItalyUnited Kingdom-

Other developed countries

Developing countries

OPEC5.Other..

Communist countries6

U.S.S.REastern Europe..China

TOTAL

Developed countries3

United States....CanadaJapan

European Community4

FranceWest GermanyItalyUnited Kingdom....

Other developed countries..


OPEC5

Other

Communist countries6...


TOTAL.

129.8

27.58.48.5

65.2

10.217.97.2

13.8

20.2

37.0

10.326.7

23.2

8.211.82.0

190.0

136.8

23.28.78.2

70.5

10.417.67.4

16.1

26.3

38.7

6.432.3

22.5

8.011.61.8

198.0

Exports, f.o.b.2

225.8

43.216.719.3

113.5

18.134.213.219.4

33.0

54.1

16.837.3

34.9

12.818.22.2

314.8

582.8

108.134.155.7

299.5

53.190.234.843.4

85.3

209.5

113.496.1

90.5

33.445.3

7.3

882.8

1,081.6

182.058.3

102.3

577.2

100.7171.872.286.4

161.7

454.6

212.8241.8

169.4

64.976.913.5

1,705.6

1,269.7

220.867.7

130.4

665.9

116.0192.977.7

110.1

184.9

584.8

296.4288.4

201.7

76.486.218.9

2,056.2

1,248.9

233.772.7

151.5

612.4

106.4176.175.3

102.2

178.5

583.5

274.7308.8

205.2

79.483.821.5

2,037.6

235.8

42.714.318.9

118.7

19.129.915.021.9

41.2

56.4

9.946.5

34.1

11.718.52.2

326.3

612.5

105.936.257.8

306.6

54.074.938.553.3

106.0

189.3

52.0137.3

100.8

37.151.37.4

902.6

Imports,

1,175.0

222.257.0

109.8

611.1

107.0159.677.999.6

174.8

399.4

98.9300.5

170.3

58.082.615.6

1,744.7

c.i.f.7

1,411.7

257.062.8

141.3

729.1

134.9188.099.7

115.5

221.5

515.8

132.6383.2

200.4

68.591.220.7

2,127.9

1,346.1

273.470.3

142.9

645.3

121.0163.991.1

102.7

214.2

589.5

155.1434.4

200.0

73.287.519.3

2,135.6

1,191.7

212.371.2

138.4

590.0

96.7176.473.597.0

179.7

508.6

208.2300.4

223.1

87.290.123.5

1,923.4

1,272.0

254.958.4

131.5

615.6

115.7155.486.299.6

211.6

544.8

154.9389.9

203.1

77.887.117.9

2,019.9

1,212.6

198.875.3

146.0

604.8

94.7166.473.391.2

187.8

473.7

169.6304.1

236.6

90.998.024.0

1,922.9

1,313.3

268.462.3

123.4

626.4

106.0151.880.7

100.3

232.8

510.6

139.7370.9

216.6

80.295.219.5

2,040.5

1 Preliminary estimates.2 Free-on-board ship value.3 Includes the OECD countries, South Africa, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.5 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and

Venezuela.6 Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.7 Cost, insurance, and freight value, except Eastern Europe (except Hungary) and U.S.S.R., which are f.o.b (free on board).

Sources.- International Monetary Fund, Organization for Economic Cooperation and Development, and Council of EconomicAdvisers.

338


TABLE B-105.— World trade balance and current account balances, 1965, 1970, 1975, and 1979-83

[Billions of U.S. dollars]

Area and country 1965 1970 1975 1979 1980 1981 1982 1983 l

Developed countries3..

United States..CanadaJapan

European Community4

FranceWest GermanyItalyUnited Kingdom

Other developed countries-


OPEC5

Other

Communist countries6..


TOTAL7..

Developed countries3..

United StatesCanadaJapan

European Community4

FranceWest Germany....ItalyUnited Kingdom..

Other developed countries..


OPEC5

Other

Communist countries9..

U.S.S.REastern EuropeChina

TOTAL..

- 7 . 0

4.3- . 3

.3

- 5 . 3

- . 2.3

_ 2

-2^3

- 6 . 1

- 1 . 63.9

- 5 . 5

.2

.2

.2

- 7 . 9

5.4-1.1

.9

.4- 1 . 6

2.2- . 1

- . 2

World trade balance2

-10.0

.52.4

.4

-5 .2

- 1 . 04.3

- 1 . 8- 2 . 5

- 8 . 2

- 2 . 3

6.9-9 .2

.8

1.1- . 3

.0

-11 .5

-29.7

2.2- 2 . 1- 2 . 1

- 7 . 1

- . 915.3

- 3 . 7- 9 .9

-20.7

20.2

61.4-41.2

-10 .3

-3 .7- 6 . 0

- . 1

-19.8

-93.4

-40.21.3

- 7 . 5

-33.9

- 6 . 312.2

- 5 . 7-13.2

-13.1

55.2

113.9-58.7

- .9

6.9- 5 . 7- 2 . 1

-39 .1

-142.0

-36.24.9

-10.9

-63.2

-18.94.9

-22.0- 5 . 4

-36.6

69.0

163.8-94.8

1.3

7.9- 5 . 0- 1 . 8

-71.7

-97.2

-39.72.48.6

-32.9

-14.612.2

-15.8

-35.7

- 6 . 0

119.6-125.6

5.2

6.2- 3 . 7

2.2

-98.0

-80.3

-42.612.86.9

-25.6

-19.021.0

-12.7-2 .6

-31.9

-36.2

53.3-89.5

20.0

9.43.05.6

-96 .5

Current account balances8

2.3.8

2.0

2.9

.1

.9

.92.0

3.3

18.1-4 .7- . 6

3.4

2.74.0

- . 6

- 3 . 4

-13.0

7.127.3

- 2 0 . 2

-11 .1

- 4 . 6- 6 . 4

- . 1

- . 7

- 2 4 . 7

- . 9- 4 . 1- 8 . 7

- 8 . 6

5.2-6 .2

5.4-1 .2

- 2 . 4

6.2

65.0- 5 8 . 8

- 6 . 5

2.2- 7 . 6- 1 . 1

- 2 5 . 0

- 6 5 . 2

.5- . 9

-10.7

- 3 6 . 5

- 4 . 2-15.9- 9 . 8

7.8

-17.6

8.3111.0

-102.7

-4 .6

1.9- 5 . 5- 1 . 0

-61.5

-31.7

4.5- 4 . 8

5.1

-13 .5

- 4 . 8- 6 . 3- 8 . 413.5

-23.0

13.7

52.0- 3 8 . 3

— .3

- . 1- 3 . 7

3.5

-18 .3

-29.8

-11.52.57.0

- 9 . 5

-12.23.5

- 5 . 6

9.3

-18.3

8.8-16.0-24.8

11.3

4.21.55.6

- 9 . 7

-100.8

-69.712.922.6

-21.6

-11.314.5

- 7 . 4- 9 . 1

- 4 5 . 0

- 3 6 . 8

29.9-66.8

20.0

10.72.84.5

-117.6

- 2 4 . 3

-41.02.5

22.5

3.0

- 5 . 35.31.51.5

-11.3

-31.0

9.2

4.01.24.0

1 Preliminary estimates.2 Exports f.o.b. (free-on-board ship value) less imports c.i.f. (cost, insurance, and freight).3 Includes the OECD countries, South Africa, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.5 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and

Venezuela.6 Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.7 Asymmetries arise in global payments aggregations because of discrepancies in coverage, classification, timing, and valuation in the

recording of transactions by the countries involved and because freight charges are attributed to the cost of imports.8 OECD basis.9 Includes only countries listed.

Sources.- International Monetary Fund, Organization for Economic Cooperation and Development, and Council of Economic Advisers.

339


TABLE B-106.—International reserves, selected years, 1952-83

[Millions of SDRs; end of period]

Area and country 1952 1962 1972 1979 1980 1981 1982

1983

Novem-ber

All countries....

Industrial countries-

United StatesCanadaAustraliaJapanNew Zealand

AustriaBelgium...Denmark..FinlandFrance

GermanyIcelandIrelandItalyNetherlands-

NorwaySpainSwedenSwitzerlandUnited Kingdom..

Oil-exporting countries....

AlgeriaIndonesia..IranIraqKuwait

LibyaNigeriaOmanQatarSaudi Arabia....

United Arab Emirates-Venezuela

Non-oil developing countries...

AfricaAsiaEuropeMiddle EastWestern Hemisphere..

49,388

38,582

24,7141,944

9201,101

183

1161,133

150132686

9608

318722953

164134504

1,6671,956

1,699

8431417713150

500

443

8,573

1,2023,407

966825

2,173

62,851

52,535

17,2202,5611,1682,021

251

1,0811,753

256237

4,049

6,95832

3594,0681,943

3041,045

8022,9193,308

2,030

18610821119397

96289

268

583

8,172

1,6352,5501,348

9401,699

147,443

110,282

12,1125,5725,656

16,916767

2,5053,564

787664

9,224

21,90878

1,0385,6054,407

1,2204,6181,4536,9615,201

10,071

454531885720335

2,69434614956

2,303

1,595

26,137

3,1686,6406,4282,4067,494

307,149

180,791

15,1702,9441,359

15,667344

3,8325,3292,5141,204

16,212

43,225125

1,69316,1497,301

3,24110,5502,88015,39115,626

56,318

2,2143,09311,682

2,268

4,9024,235445228

14,790

1,1075,958

68,842

4,31123,2327,4007,442

26,457

355,100

211,904

21,4793,1191,603

20,164in

4,8787,3302,7121,501

24,301

41,430138

2,25520,47710,669

4,7839,8132,89315,19016,851

69,508

3,1534,311

370,051

212,693

25,5023,7171,713

25,083580

5,2795,4512,2461,319

21,991

40,892199

2,29019,6319,562

5,4149,7943,30614,92513,757

75,577

3,3704,416

364,202

211,918

29,9183,4286,05322,001

577

5,5444,7572,1111,42017,850

43,909133

2,39015,10710,723

6,2727,4503,39716,93011,904

70,031

2,3912,959

3,169

10,3728,049692286

18,536

1,6005,579

71,850

4,48024,9688,0608,31126,031

3,583

7,8603,371988339

27,855

2,7757,415

75,450

4,20827,4588,1509,00126,632

5,449

6,5251,4861,283382

26,948

2,0376,365

74,388

3,84634,3946,87410,13219,143

400.135

231,194

30,6684,3107,21124,465

702

5,0075,7814,0101,047

22,503

45,420142

2,53421,44411,432

6,3257,2663,942

15,16511,778

75,847

1,8873,578

4,903

5,2801,0321,352

1,9097,791

82,067

4,37140,671

7,2749,206

20,545

Note.—International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights(SDRs), reserve positions in the International Monetary Fund, and foreign exchange. Data exclude U.S.S.R., other Eastern Europeancountries, and Cuba (after 1960).

U.S. dollars per SDR (end of period) are: 1952 and 1962-1.00000; 1972-1.08571; 1979-1.31733; 1980-1.27541; 1981-1.6396;1982—1.10311; and November 1983—1.05058.

Source: International Monetary Fund, "International Financial Statistics."

340


TABLE B-107.—Growth rates in real gross national product, 1960-83

[Percent change]

Area and country1961-65annualaverage

5.3

4.75.7

10.0

4.9

5.85.05.23.1

5.6

6.5

7.06.3

4.2

5.03.7

- . 2

5.1

1966-70annualaverage

4.6

3.24.8

11.2

4.5

5.44.26.22.5

4.8

6.6

7.86.3

5.0

5.23.78.3

5.2


3.1

2.65.04.6

2.8

4.02.22.42.1

3.5

7.0

9.06.3

4.1

3.74.75.5

4.0


3.4

3.73.15.0

3.1

3.33.53.81.6

1.7

5.5

5.05.7

2.6

2.31.95.9

3.4

1979

3.2

2.83.25.1

3.1

3.34.14.91.6

2.5

4.8

4.05.2

1.1

.41.07.0

2.5

1980

1.2

- . 4.5

4.4

1.3

1.11.93.9

- 2 . 0

3.4

5.1

1.86.4

1.6

1.7.0

6.1

1.7

1981

1.5

1.93.83.2

- .4

.2

.2- . 1

- 2 . 0

2.1

1.5

- 1 . 32.5

1.6

2.2_ g4.8

1.6

1982

- 0 . 5

-1 .7- 5 . 0

2.5

.4

1.5- 1 . 2

.5

- .8

1.0

1.1.9

2.1

2.2- . 27.4

.8

1983 *

Developed countries 2

United StatesCanadaJapan

European Community3

FranceWest GermanyItalyUnited Kingdom

Other developed countries


OPEC5

Other

Communist countries6

U.S.S.REastern Europe-China

TOTAL.

2.5

4.83.82.0

1.0

.51.2

- 1 . 52.5

- 1 . 2

3.0

3.61.04.0

1 Preliminary estimates.2 Includes the OECD countries, South Africa, and non-OECD Europe.3 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.4 Not available.5 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and

Venezuela.6 Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.

Sources: Department of Commerce, International Monetary Fund, Organization for Economic Cooperation and Development (OECD), andCouncil of Economic Advisers.

341


TABLE B-108.—Industrial production and consumer prices, major industrial countries, 1960-83

[1967 = 100]

Year or quarter

19601961196219631964196519661967196819691970197119721973197419751976197719781979

1980198119821983 P

1982:1 . .||IIIIV

1983:IIIIllIVP

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983

1982:IIIIll ....IV

1983:1IIIIIIV

UnitedStates Canada Japan

EuropeanCommu-nity1

France WestGermany Italy United

Kingdom

Industrial production2

66.266.772.276.581.789.897.8100.0106.3111.1107.8109.6119.7129.8129.3117.8130.5138.2146.1152.5

147.0151.0138.6147.7

141.8139.4138.2135.3

138.5144.5151.8156.0

63.165.671.275.782.689.796.2100.0106.4113.7115.3121.5130.7144.6149.2140.3148.5152.7157.8167.6

165.1166.6148.8

155.5150.5146.8142.1

149.5153.9160.9

43.051.255.461.771.474.283.8100.0115.2133.4151.8155.7167.0190.5183.1163.9182.0189.7201.1215.3

225.2227.5228.4

230.5227.9228.9226.3

228.2231.7239.0

74.778.181.384.891.094.798.4100.0107.4117.6123.3126.1131.7141.4142.3132.8142.6145.9149.7156.8

155.5152.1149.9

151.8151.5149.5146.7

147.9148.7150.7

70737886909398100104114120128135145148139149152155163

161160158

159159155158

159155159

78.482.886.188.996.6102.1103.0100.0109.2123.2131.1133.6138.7147.7145.1137.1149.1152.0154.1161.8

162.3159.9156.2

161160154152

154157157

59.265.571.978.479.282.893.3100.0106.4110.5117.6117.5122.7134.6140.6127.6143.5145.1147.9157.6

166.5162.7159.1

161.0158.6146.6149.8

149.0145.0144.1

83.984.285.087.895.097.899.3100.0107.6111.3111.8111.2113.2123.3120.8114.4118.1124.2127.8132.8

124.1119.2121.7

120.5121.6122.6122.0

123.6123.0125.3

Consumer prices

88.789.690.691.792.994.597.2100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4

283.0287.3292.8293.4

293.2296.9300.5303.1

85.986.787.789.290.993.196.5100.0104.0108.8

112.4115.6121.2130.3144.5160.1172.1185.9202.5221.0

243.5273.9303.5321.0

292.2301.2307.6312.6

314.5318.8324.0326.8

68.371.876.782.585.891.696.3100.0105.3110.9

119.3126.5132.3147.9184.0205.8224.9243.0252.3261.3

282.2296.2304.1

300.3303.4304.8307.5

306.5310.1309.0

77.081.184.587.690.894.297.5100.0103.7108.0

113.3120.3127.6138.3156.4176.7195.2214.7229.9250.7

281.4313.4344.3

333.4342.0347.5353.7

359.5366.6372.6

3 78.03 80.685.489.592.594.897.4100.0104.5111.3

117.1123.5131.1140.7160.0178.9196.1214.5233.9259.1

294.2332.7373.1

359.8371.0376.0383.0

393.2404.4413.1

82.984.887.489.992.095.098.4100.0101.6103.5

107.1112.7119.0127.2136.1144.2150.4155.9160.2166.8

175.9186.3196.2

192.7195.4197.6198.9

199.9201.1203.1

74.175.779.285.190.194.296.4100.0101.4104.1

109.2114.4121.0134.0159.7186.8218.1255.2286.2328.5

398.0472.4549.4

523.7539.6562.7589.1

609.7627.5643.0

79.081.685.186.889.693.997.6100.0104.8110.3

117.4128.5137.7150.2174.3216.5252.4292.4316.6359.0

423.6473.9514.7

500.5516.6518.9522.7

525.3536.1543.0

1 Consists of Belgium-Luxembourg, Denmark, France, Greece, Ireland, Italy, Netherlands, United Kingdom, and West Germany. Industrialproduction prior to July 1981 excludes data for Greece, which joined the EC in 1981.

2 All data exclude construction. Quarterly data are seasonally adjusted.3 Data for 1960 and 1961 are for Paris only.Sources: Department of Commerce (International Trade Administration, Office of Trade Information and Analysis, Trade Performance

Division) and Department of Labor (Bureau of Labor Statistics).

342


TABLE B-109.—Civilian unemployment rate, and hourly compensation, major industrialcountries, 1960-83

[Quarterly data seasonally adjusted]

Year or quarterUnitedStates Canada Japan France

WestGermany Italy

UnitedKingdom

Civilian unemployment rate (percent)1

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983

1982:IIIIllIV

1983:IifZIIIIIV

196019611962196319641965196619671968196919701971197219731974

19751976197719781979

198019811982

5.56.75.55.75.2

4.53.83.83.63.5

4.95.95.64.95.6

8.57.77.16.15.8

7.17.69.79.6

8.89.4

10.010.6

10.410.19.48.5

6.56.75.55.24.43.63.43.84.54.45.76.26.25.55.36.97.18.18.47.57.57.6

11.011.9

8.910.512.112.7

12.512.411.711.1

1.71.51.31.31.21.21.41.31.21.11.21.31.41.31.41.92.02.02.32.12.02.22.42.7

2.32.42.42.4

2.72.72.72.6

1.61.41.31.21.31.41.71.82.42.22.42.72.82.72.94.24.65.05.46.16.57.78.7

8.48.78.88.8

8.78.88.8

36.737.739.140.342.042.844.847.050.453.9

57.661.164.469.076.3

85.492.3

100.0108.3118.8

132.7145.8158.2

1.1.6.6.5.4.3.3

1.31.1.6.5.6.7.7

1.63.43.43.53.43.02.94.15.97.3

5.35.76.16.6

7.17.47.57.2

3.22.82.52.12.43.03.33.03.13.12.82.93.43.22.83.23.63.63.73.93.94.34.85.1

5.05.04.64.5

4.95.74.85.0

Hourly compensation (1977 = 100)2

29.729.228.429.230.331.834.436.939.742.747.452.757.662.874.481.796.9

100.099.5

107.3

118.7132.9144.8

6.67.78.89.8

11.012.413.615.317.921.325.430.340.155.067.177.182.3

100.0136.1138.5

144.5157.5143.9

15.216.818.520.322.023.925.327.230.530.932.637.144.758.564.1

88.391.1

100.0124.3149.8

172.2155.9149.5

160.5139.1136.3

2.11.92.73.32.4

2.12.23.23.23.0

3.13.94.23.23.1

4.66.06.36.25.6

7.010.612.3

11.912.112.612.9

13.513.813.6

24.225.927.228.430.2

33.135.836.433.937.042.850.558.264.077.4

96.592.9

100.0125.6162.1

216.0220.4207.8

1 Civilian unemployment rates, approximating U.S. concepts. Data for United Kingdom exclude Northern Ireland. Quarterly data forFrance, West Germany, and United Kingdom should be viewed as less precise indicators of unemployment under U.S. concepts than theannual data. Beginning 1977, changes in the Italian survey resulted in a large increase in persons enumerated as unemployed. However,many also reported tnat they had not actively sought work in the past 30 days. Such persons have been provisionally excluded forcomparability with U.S. concepts; their inclusion would more than double the rates shown for Italy.

2 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States and Canada, and to all employees (wage and salary earners) in the other countries. For France andUnited Kingdom compensation adjusted to include changes in employment taxes that are not compensation to employees, but are laborcosts to employers.


343U.S. GOVERNMENT PRINTING OFFICE : 1984 0 - 424-456 : QL 3


ERP1984 Appendixes 2

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Transcript of ERP1984 Appendixes 2