ERP1997 Appendixes 2

Appendix BSTATISTICAL TABLES RELATING TO INCOME,

EMPLOYMENT, AND PRODUCTION

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

CONTENTS

NATIONAL INCOME OR EXPENDITURE:Page

B-l. Gross domestic product, 1959-96 300B-2. Real gross domestic product, 1959-96 302B-3. Chain-type price indexes for gross domestic product, 1959-96 304B-4. Quantity and prices indexes for gross domestic product, and per-

cent changes, 1959-96 306B-5. Percent changes in real gross domestic product, 1960-96 307B-6. Gross domestic product by major type of product, 1959-96 308B-7. Real gross domestic product by major type of product, 1959-96 309B-8. Gross domestic? product by sector, 1959-96 310B-9. Real gross domestic product by sector, 1959-96 311B-10. Gross domestic product by industry, 1959-94 312B-ll. Real gross domestic product by industry, 1977-94 313B-12. Gross domestic product of nonfinancial corporate business, 1959-

96 314B-13. Output, costs, and profits of nonfinancial corporate business,

1959-96 315B-14. Personal consumption expenditures, 1959-96 316B-15. Real personal consumption expenditures, 1959-96 317B-16. Private gross fixed investment by type, 1959-96 318B-17. Real private gross fixed investment by type, 1959-96 319B—18. Government consumption expenditures and gross investment by

type, 1959-96 320B-19. Real government consumption expenditures and gross invest-

ment by type, 1959-96 321B-20. Inventories and final sales of domestic business, 1959-96 322B-21. Real inventories and final sales of domestic business, 1959-96 .... 323B-22. Foreign transactions in the national income and product ac-

counts, 1959-96 324B-23. Real exports and imports of goods and services and receipts and

payments of factor income, 1959-96 * 325B-24. Relation of gross domestic product, gross national product, net

national product, and national income, 1959-96 326B-25. Relation of national income and personal income, 1959-96 327B-26. National income by type of income, 1959-96 328B-27. Sources of personal income, 1959-96 330B-28. Disposition of personal income, 1959-96 332B-29. Total and per capita disposable personal income and personal

consumption expenditures in current and real dollars, 1959-96 333B-30. Gross saving and investment, 1959-96 334B-31. Median money income (in 1995 dollars) and poverty status of

families and persons, by race, selected years, 1977-95 336

295


PagePOPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:

B-32. Population by age group, 1929-96 337B-33. Civilian population and labor force, 1929-96 338B-34. Civilian employment and unemployment by sex and age, 1948-

96 340B-35. Civilian employment by demographic characteristic, 1954-96 341B-36. Unemployment by demographic characteristic, 1954-96 342B-37. Civilian labor force participation rate and employment/popu-

lation ratio, 1948-96 343B-38. Civilian labor force participation rate by demographic char-

acteristic, 1954-96 344B-39. Civilian employment/population ratio by demographic char-

acteristic, 1954-96 345B-40. Civilian unemployment rate, 1948-96 346B-41. Civilian unemployment rate by demographic characteristic,

1954-96 347B-42. Unemployment by duration and reason, 1950-96 348B-43. Unemployment insurance programs, selected data, 1963-96 349B-44. Employees on nonagricultural payrolls, by major industry, 1948-

96 350B-45. Hours and earnings in private nonagricultural industries, 1959-

96 352B-46. Employment cost index, private industry, 1980-96 353B-47. Productivity and related data, business sector, 1959-96 354B-48. Changes in productivity and related data, business sector, 1960-

96 355

PRODUCTION AND BUSINESS ACTIVITY:B-49. Industrial production indexes, major industry divisions, 1947-96 356B-50. Industrial production indexes, market groupings, 1947-96 357B-51. Industrial production indexes, selected manufactures, 1947-96 ... 358B-52. Capacity utilization rates, 1948-96 359B-53. New construction activity, 1959-96 360B-54. New housing units started and authorized, 1959-96 361B-55. Manufacturing and trade sales and inventories, 1954-96 362B-56. Manufacturers' shipments and inventories, 1954-96 363B-57. Manufacturers' new and unfilled orders, 1954-96 364

PRICES:B-58. Consumer price indexes for major expenditure classes, 1954-96 365B-59. Consumer price indexes for selected expenditure classes, 1954—

96 366B-60. Consumer price indexes for commodities, services, and special

groups, 1954-96 368B-61. Changes in special consumer price indexes, 1958-96 369B-62. Changes in consumer price indexes for commodities and services,

1929-96 370B-63. Producer price indexes by stage of processing, 1954-96 371B-64. Producer price indexes by stage of processing, special groups,

1974-96 373B-65. Producer price indexes for major commodity groups, 1954-96 374B-66. Changes in producer price indexes for finished goods, 1958-96 .... 376

296


PageMONEY STOCK, CREDIT, AND FINANCE:

B-67. Money stock, liquid assets, and debt measures, 1959-96 377B-68. Components of money stock measures and liquid assets, 1959-96 378B-69. Aggregate reserves of depository institutions and monetary base,

1959-96 380B-70. Bank credit at all commercial banks, 1972-96 381B-71. Bond yields and interest rates, 1929-96 382B-72. Credit market borrowing, 1987-96 384B-73. Mortgage debt outstanding by type of property and of financing,

1940-96 386B-74. Mortgage debt outstanding by holder, 1940-96 387B-75. Consumer credit outstanding, 1955-96 388

GOVERNMENT FINANCE:B-76. Federal receipts, outlays, surplus or deficit, and debt, selected

fiscal years, 1929-98 389B-77. Federal budget receipts, outlays, surplus or deficit, and debt, as

percent of gross domestic product, fiscal years 1934-98 390B-78. Federal receipts and outlays, by major category, and surplus or

deficit, fiscal years 1940-98 391B-79. Federal receipts, outlays, and debt, fiscal years 1992-98 392B-80. Federal Government receipts and current expenditures, national

income and product accounts (NIPA), 1978-96 393B-81. Federal and State and local government receipts and current ex-

penditures, national income and product accounts (NIPA),1959-96 394

B-82. Federal and State and local government receipts and current ex-penditures, national income and product accounts (NIPA), bymajor type, 1959-96 395

B-83. State and local government receipts and current expenditures,national income and product accounts (NIPA), 1959-96 396

B-84. State and local government revenues and expenditures, selectedfiscal years, 1927-93 397

B-85. Interest-bearing public debt securities by kind of obligation,1967-96 398

B-86. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-96 399

B-87. Estimated ownership of public debt securities by private inves-tors, 1976-96 400

CORPORATE PROFITS AND FINANCE:B-88. Corporate profits with inventory valuation and capital consump-

tion adjustments, 1959-96 401B-89. Corporate profits by industry, 1959-96 402B-90. Corporate profits of manufacturing industries, 1959-96 403B-91. Sales, profits, and stockholders' equity, all manufacturing cor-

porations, 1952-96 404B-92. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, 1947-96 405B-93. Common stock prices and yields, 1955-96 406B-94. Business formation and business failures, 1955-96 407

297


PageAGRICULTURE:

B-95. Farm income, 1945-96 408B-96. Farm business balance sheet, 195O-95 409B-97. Farm output and productivity indexesv4948-94 410B-98. Farm input use, selected inputs, 1948-96 411B-99. Indexes of prices received and prices paid by farmers, 1975-96 412B-100. U.S. exports and imports of agricultural commodities, 1940-96 ... 413

INTERNATIONAL STATISTICS:B-101. U.S. international transactions, 1946-96 414B-102. U.S. international trade in goods by principal end-use category,

1965-96 416B-103. U.S. international trade in goods by area, 1987-96 417B-104. U.S. international trade in goods on balance of payments (BOP)

and Census basis, and trade in services on BOP basis, 1974-96 418

B-105. International investment position of the United States at year-end, 1987-95 419

B-106. Industrial production and consumer prices, major industrialcountries, 1970-96 420

B-107. Civilian unemployment rate, and hourly compensation, major in-dustrial countries, 1970-96 421

B-108. Foreign exchange rates, 1970-96 422B-109. International reserves, selected years, 1952-96 423B-110. Growth rates in real gross domestic product, 1978-96 424

298


General Notes

Detail in these tables may not add to totals because of rounding. In addition,because of the formula used for calculating real gross domestic product (GDP),the chained (1992) dollar estimates for the detailed components do not add tothe chained-dollar value of GDP or to any intermediate aggregates.

Unless otherwise noted, all dollar figures are in current dollars.

Symbols used:P Preliminary..... Not available (also, not applicable).

Data in these tables reflect revisions made by the source agencies fromFebruary 1996 through late January 1997.

299


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross domestic product, 1959-96[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959I96019611962196319641965196619671968196919701971197219731974197519761977 . .19781979

19801981198219831984198519861987198819891990199119921993199419951990:1

III l lIV

1991-1IIIllIV

1992:1||IllIV

1993-1IIIllIV

1994-1I IHIIV

1995-1IIIllIV

1996:1IIIII

Grossdomesticproduct

507.2526.6544.8585.2617.4663.0719.1787.8833.6910.6982.2

1,035.61,125.41,237.31,382.61,496.91,630.61,819.02,026.92,291.42,557.52,784.23,115.93,242.13,514.53,902.44,180.74.422.24,692.35,049.65,438.75,743.85,916.76,244.46,553.06,935.77,253.85,660.45,751.05,782.45,781.55,822.15,892.35,950.06,002.36,121.86,201.26,271.76,383.06,442.66,506.26,574.46,688.66,776.06,890.56,993.17,083.27,149.87,204.97,309.87,350.67,426.87,545.17,616.3

Personal consumption expenditures

Total

318.1

332.2342.6363.4383.0411.4444.3481.9509.5559.8604.7648.1702.5770.7851.6931.2

1,029.11,148.81,277.11,428.81,593.51,760.41,941.32,076.82,283.42,492.32,704.82,892.73,094.53,349.73,594.83,839.33,975.14,219.84,454.14,700.94,924.93,759.23,811.83,879.23,907.03,910.73,961.04,001.64,027.14,127.64,183.04,238.94,329.64,367.64,424.84,481.04,543.14,600.94,666.24,738.34,798.24,840.64,910.54,957.94,990.55,060.55,139.45,165.4

Durablegoods

42.7

43.341.846.951.656.763.368.370.480.885.9

85.096.9

110.4123.5122.3133.5158.9181.1201.4213.9213.5230.5239.3279.8325.1361.1398.7416.7451.0472.8476.5455.2488.5530.7580.9606.4493.3477.6473.24619449.0452.7462.0457.3474.1481.3492.5506.2508.3525.2536.7552.3562.6573.1585.3602.7

593.0604.0615.8612.8625.2637.6630.5

Non-durablegoods

148.5152.9156.6162.8168.2178.7191.6208.8217.1235.7253.2272.0285.5308.0343.1384.5420.6458.2496.9549.9624.0695.5758.2786.8830.3883.6927.6957.2

1,014.01,081.11,163.81,245.31,277.61,321.81,368.91,429.71,485.91,220.71,230.21,256.21,274.11,268.31,279.71,283.41,279.01,303.11,308.41,326.31,349.51,354.11,364.11,371.31,386.11,399.71,416.61,443.41,459.01,471.51,486.71,491.21,494.21,522.11,544.71,546.5

Serv-ices

127.0136.0144.3153.7163.2176.1189.4204.8222.0243.4265.5291.1320.1352.3384.9424.4475.0531.8599.0677.4755.6851.4952.6

1,050.71,173.31,283.61,416.11,536.81,663.81,817.61,958.12,117.52,242.32,409.42.554.62,690.32,832.62,045.32,104.12,149.82,171.02,193.52,228.62,256.32,290.72,350.42,393.32,420.12,473.92,505.22,535.42,572.92,604.72,638.62,676.52,709.62,736.62,776.12,819.82,850.92,883.52,913.22,957.12,988.5

Gross private domestic investment

Total

78.8

78.877.987.993.4

101.7118.0130.4128.0139.9155.0150.2176.0205.6242.9245.6225.4286.6356.6430.8480.9465.9556.2501.1547.1715.6715.1722.5747.2773.9829.2799.7736.2790.4871.1

1,014.41,065.3

822.5835.2804.9736.1723.6716.2743.9760.9755.2790.8799.7816.1843.6855.9873.8911.2957.6

1,016.51,033.61,050.11,072.01,050.31,074.81,064.01,068.91,096.01,156.2

Fixed investment

Total

74.675.575.081.887.796.7

108.3116.7117.6130.8145.5

148.1167.5195.7225.4231.5231.7269.6333.5403.6464.0473.5528.1515.6552.0648.1688.9712.9722.9763.1797.5791.6738.5783.4850.5954.9

1,028.2813.9794.0791.2767.5739.7736.2738.6739.5755.4780.5788.1809.7

823.8834.3851.8892.3917.4942.0968.9991.4

1,013.91,016.31,036.61.046.21,070.71,088.01,119.6

Nonresidential

Total

46.5

49.248.652.855.662.474.184.485.292.1

102.9106.7111.7126.1150.0165.6169.0187.2223.2272.0323.0350.3405.4409.9399.4468.3502.0494.8495.4530.6566.2575.9547.3557.9598.8667.2738.5581.2571.6580.3570.6555.4550.2544.3539.2544.1556.8561.0569.6580.3591.1599.2624.6638.8653.5678.5697.9723.6734.4746.3749.7769.0773.8807.0

Struc-tures

18.119.619.720.821.223.728.331.331.533.637.7

40.342.747.255.061.261.465.974.691.4

114.9133.9164.6175.0152.7176.0193.3175.8172.1181.3192.3200.8181.7169.2171.8180.2199.7201.9202.4203.5195.4

192.3187.6176.1170.8171.6170.4167.6167.1

170.2169.7171.4175.8171.8179.1181.0188.8

194.5197.6202.5204.0208.4207.4213.5

Pro-ducers'durableequip-ment

28.329.728.932.134.438.745.853.053.758:565.266.469.178.995.1

104.3107.6121.2148.7180.6208.1216.4240.9234.9246.7292.3308.7319.0323.3349.3373.9375.1365.6388.7427.0487.0538.8379.3369.2376.7375.1363.1362.6368.2368.4372.5386.3393.4402.5410.1421.3427.7448.8467.0474.4497.5509.1

529.0536.8543.8545.7560.6566.3593.5

Resi-dential

28.1

26.326.429.032.134.334.232.332.438.742.641.455.869.775.366.062.782.5

110.3131.6141.0123.2122.6105.7152.5179.8186.9218.1227.6232.5231.3215.7191.2225.6251.7287.7289.8232.7222.4210.91969184.3185.9194.3200.3211.3223.7227.1240.1

243.5243.2252.6267.7278.5288.5290.4293.5290.4281.9290.3296.5301.7314.2312.6

Changein

busi-ness

inven-tories

4.2

3.22.96.15.75.09.7

13.810.59.19.52.28.59.9

17.514.1-6.316.923.127.216.9-7.628.2

-14.5-4.967.526.2

9.624.210.931.7

8.0-2.3

7.020.659.537.08.6

41.213.8

-31.4

-16.1-19.9

5.321.4

-.310.211.66.4

19.921.622.018.840.274.564.758.7

58.134.038.217.8-1.78.0

36.6

See next page for continuation of table.

300


TABLE B-l.—Gross domestic product, 1959-96—Continued

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

Year orquarter

1959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981 ..: :.:19821983198419851986198719881989

199019911992199319941995

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIIIIV

1993:1IIIllIV

1994:1IIIllIV

1995- 1IIIllIV

1996:1IItil

Net exports of goodsand services

Netexports

-1.7

2.43.42.43.35.53.91.91.4

-1.3-1.2

1.2-3.0-8.0

.6-3.113.6-2.3

-23.7-26.1-24.0-14.9-15.0-20.5-51.7

-102.0-114.2-131.5-142.1-106.1-80.4

-71.3-20.5-29.5-62.7-94.4-94.7-74.3-60.3-78.5-72.0-32.9-12.3-22.0-14.8-8.9

-29.0-37.6-42.7-47.9-59.6-74.5-68.8

-78.8-93.0

-107.0-98.7

-108.7-115.3-87.6-67.2

-86.3-99.2

-120.2

Exports

20.6

25.326.027.429.433.635.438.941.445.349.3

57.059.366.291.8

124.3136.3148.9158.8186.1228.7278.9302.8282.6277.0303.1303.0320.7365.7447.2509.3557.3601.8639.4657.8719.1807.4541.6554.8555.5577.3577.4602.7602.6624.4632.4635.9640.2649.1646.9660.4645.3678.7

678.9707.4729.2761.0776.1797.3819.0837.0839.5850 C844.3

Imports

22.3

22.822.725.026.128.131.537.139.946.650.5

55.862.374.291.2

127.5122.7151.1182.4212.3252.7293.8317.8303.2328.6405.1417.2452.2507.9553.2589.7628.6622.3669.0720.5813.5902.0615.9615.1634.1649.2610.3615.0624.5639.3641.3664.9677.8691.8694.8720.0719.8747.5757.6800.4836.1859.6884.8912.6906.6904.2925.8949.2964.5

Government consumption expendituresand gross investment

Total

112.0113.2120.9131.4137.7144.4153.0173.6194.6212.1223.8236.1249.9268.9287.6323.2362.6385.9416.9457.9507.1

572.8633.4684.8735.7796.6875.0938.5992.8

1,032.01,095.11,176.11,225.91,263.81,290.41,314.71,358.31,153.01,164.31,176.91,210.41,220.61,227.41,226.51,229.21,247.91,256.41,270.71,280.01,279.31,285.11,294.11,303.21,296.41.300.J1,328.21,333.51,345.81,359.41,364.61,363.41,383.71,408.81,414.8

Federal

Total

67.2

65.669.176.578.179.481.894.1

106.6113.8115.8115.9117.1125.1128.2139.9154.5162.7178.4194.4215.0248.4284.1313.2344.5372.6410.1435.2455.7457.3477.2503.6522.6528.0522.6516.4516.6496.4500.1501.2516.7525.6528.2520.9515.5521.8523.2532.0535.0525.5520.1521.3523.5511.3509.4523.8520.9519.7522.0516.8507.7

518.6529.6525.5

Nation-al

de-fense

55.7

54.957.762.362.261.362.073.485.592.092.4

90.688.793.294.7

101.9110.9116.1125.8135.6151.2174.2202.0230.9255.0282.7312.4332.4350.4354.0360.6373.1383.5375.8362.7352.0345.5369.7370.6368.9383.3389.7389.3382.1373.0372.8374.1380.9375.3365.7362.7361.2361.3346.7349.3362.3349.7347.6351.7345.7337.1

343.9353.7348.8

Non-de-

fense

11.5

10.811.414.215.918.119.720.721.021.823.4

25.328.331.933.538.043.646.652.658.963.8

74.282.282.389.489.997.7

102.9105.3103.3116.7130.4139.1152.2159.9164.3171.0126.7129.5132.3133.3136.0138.9138.8142.6149.0149.1151.1159.7159.8157.4160.1162.2

164.6160.0161.5171.2

172.1170.3171.1170.6174.7175.8176.7

Stateandlocal

44.8

47.651.855.059.665.071.279.588.198.3

108.0120.2132.8143.8159.4183.3208.1223.1238.5263.4292.0324.4349.2371.6391.2424.0464.9503.3537.2574.7617.9672.6703.4735.8767.8798.4841.7656.6664.2675.7693.7695.0699.2705.5713.6726.1733.2738.7745.1753.8765.0772.7779.7785.0791.4804.4812.6

826.1837.3847.7855.7

865.1879.2889.3

Finalsales ofdomes-

ticproduct

503.0523.3541.9579.1611.7658.0709.4774.0823.1901.4972.7

1,033.41,116.91,227.41,365.21,482.81,636.91,802.02,003.82,264.22,540.62,791.93,087.83,256.63,519.43,835.04,154.54,412.64,668.15,038.75,407.05,735.85,919.06,237.46,532.46,876.27,216.75,651.85,709.85,768.75,812.95,838.25,912.25,944.75,980.96,122.16,191.06,260.16,376.66,422.86,484.66,552.36,669.86,735.96,816.06,928.57,024.67,091.77,170.97,271.57,332.87,428.67,537.17,579.6

Grossdomes-

ticpur-

chases '

508.9524.1541.5582.8614.1657.6715.3785.9832.2911.8983.4

1,034.41,128.41,245.31,382.01,500.01,617.11,821.22,050.52,317.52,581.52,799.13,130.93,262.63,566.24,004.54,294.94,553.74,834.55,155.65,519.15,815.15,937.26,274.06,615.77,030.17,348.45,734.75,811.35,861.05,853.55,855.05,904.65,972.06,017.16,130.76,230.26,309.36,425.76,490.56,565.86,648.86,757.4

6,854.86,983.57,100.17,181.97,258.47,320.27,397.37,417.87,513.27,644.37,736.5

Adden-dum:Gross

nationalprod-uct'

510.1529.8548.4589.4621.9668.0724.5793.0839.1916.7988.4

1,042.01,133.11,246.01,395.41,512.61,643.91,836.12,047.52,313.52,590.42,819.53,150.63,273.23,546.53,933.54,201.04,435.14,701.35,062.65,452.85,764.95,932.46,255.56,563.56,931.97,246.75,681.45,767.85,796.85,813.65,849.05,904.55,959.46,016.66,138.36,212.26,281.16,390.56,458.66,516.56,587.16,691.96,781.06,888.36,987.07,071.4

7,146.87,202.47,293.47,344.37,426.67,537.57,598.9

Percent changefrom preceding

period

Grossdomes-

ticprod-uct

3.83.57.45.57.48.59.55.89.27.95.48.79.9

11.78.38.9

11.511.413.011.6

8.911.94.18.4

11.07.15.86.17.67.7

5.63.05.54.95.84.69.16.62.2

2.84.94.03.68.25.34.67.33.84.04.37.1

5.36.96.15.33.83.16.02.34.26.53.8

Grossdomes-

ticpur-

chases '

3.03.37.65.47.18.89.95.99.67.85.29.1

10.411.08.57.8

12.612.613.011.4

8.411.94.29.3

12.37.36.06.26.67.05.42.15.75.46.34.58.85.53.5

it4.63.17.86.75.27.64.14.75.26.7

5.97.76.84.7

4.33.44.31.15.27.24.9

1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net receipts of factor income from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.

301


TABLE B-2.—Real gross domestic product, 1959-96

[Billions of chained (1992) dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986 III!"198719881989199019911992199319941995

1990:1IIIllIV

1991-1IIIIIIV

1992-.II IIllIV

1993:1IIIllIV

1994:1IIIllIV

1995:|III l lIV

1996-1IIIll


2,212.32,261.72,309.82,449.12,554.02,702.92,874.83,060.23,140.23,288.63,388.03,388.23,500.13,690.33,902.33,888.23,865.14,081.14,279.34,493.74,624.04,611.94,724.94,623.64,810.05,138.25,329.55,489.95,648.45,862.96,060.4

6,138.76,079.06,244.46,386.46,608.76,742.96,154.16,174.46,145.26,081.06,047.96,074.16,089.36,104.4

6,175.36,214.26,260.96,327.36,326.46,356.56,393.46,469.1

6,508.56,587.66,644.96,693.9

6,701.06,713.56,776.46,780.7

6,814.36,892.66,928.4


Total

1,394.61,432.61,461.51,533.81,596.61,692.31,799.11,902.01,958.62,070.22,147.52,197.82,279.52,415.92,532.62,514.72,570.02,714.32,829.82,951.63,020.23,009.73,046.43,081.53,240.63,407.63,566.53,708.73,822.33,972.74,064.64,132.24,105.84,219.84,339.54,473.24,577.84,128.94,134.74,148.54,116.4

4,084.54,110.04,119.54,109.14,173.84,196.44,226.74,282.34,289.74,318.84,359.54,390.0

4,420.54,458.74,489.44,524.0

4,534.84,569.94,597.34,609.4

4,649.14,687.64,693.5

Durablegoods

103.1105.2101.2113.0124.0135.5152.6165.5168.1186.6193.3187.0205.7231.9255.8238.2238.1268.5293.4308.8307.3282.6285.8285.5327.4374.9411.4448.4454.9483.5496.2

493.3462.0488.5524.1562.0579.8511.2495.4490.4476.3458.6460.5467.3461.5476.1481.1491.9505.0

506.0519.6528.9541.9549.6555.4563.1579.8

566.5576.2589.1587.5

599.2615.6611.6

Non-durablegoods

606.3615.4626.7646.5660.0692.5729.3769.2781.4816.9838.6859.1874.5912.9942.9924.5938.3984.8

1,010.41,045.71,069.7

1,065.11,074.31,080.61,112.41,151.81,178.31,215.91,239.31,274.41,303.51,316.11,302.91,321.81,348.81,390.51,421.91,319.21,316.91,319.81,308.4

1,300.61,308.01,307.11,295.71,314.41,312.01,321.11,339.8

1,336.91,344.51,354.01,359.9

1,372.91,383.91,397.01,408.11,416.61,422.91,424.71,423.2

1,436.11,440.91,442.2

Services

687.4717.4746.5783.4818.7868.4914.6961.0

1,007.61,059.61,110.81,155.41,197.91,262.51,319.41,351.21,398.31,457.11,518.21,589.31,639.81,670.71,696.11,728.21,809.01,883.01,977.32,041.42,126.92,212.42,262.32,321.32,341.02,409.42,466.72,521.42,577.02,295.72,321.12,337.32,331.22,325.32,341.52,345.02,352.02,383.22,403.22,413.62,437.6

2,446.82,454.92,476.72,488.5

2,498.52,519.92,530.02,537.3

2,552.52,571.62,584.62,599.32,614.72,632.32,640.6


Total

274.2

270.5265.2298.5318.1344.6392.5423.5406.9429.8454.4

419.5467.4522.1583.5544.4440.5536.6627.1686.0704.5626.2689.7590.4647.8831.6829.2813.8820.5826.0861.9817.3737.7790.4857.3979.6

1,010.2844.1856.1820.8748.1725.5718.0744.9762.4

757.9792.8798.6812.4834.8843.2857.6893.5

933.6984.8994.2

1,005.91,023.7

996.81,015.21,004.9

1,011.91,038.61,093.4

Fixed investment

Total

267.1269.2267.9292.0313.7343.7378.5399.1391.0418.1442.9432.1464.9,520.3567.5530.2471.0517.6593.7660.8695.6648.4660.6610.4654.2762.4799.3805.0799.4818.3832.0805.8741.3783.4836.4921.1975.9834.7811.2803.1774.4

742.6739.4741.0742.0758.3782.4787.3805.8815.4821.1835.4873.5

892.4911.4930.8949.7

969.5965.7980.0988.5

1,013.31,031.11,057.5

Nonresidential

Total

147.7155.9154.5168.0176.4197.1231.3259.4255.3266.4285.6282.8282.4307.7352.5354.4317.3332.6371.8422.6463.3461.1485.7464.3456.4535.4568.4548.5542.4566.0588.8585.2547.7557.9593.6652.1714.3595.3583.4588.1573.9555.1550.9545.3539.5544.4557.5560.6569.1577.5586.4593.1617.6628.5639.5660.5679.7

704.4710.5719.0723.3

743.5750.5781.4

Struc-tures

85.892.693.998.199.2

109.5126.9135.6132.2134.1141.3141.7139.4143.7155.4152.2136.2139.6146.4162.3182.7195.0210.4207.2185.7212.2227.8203.3195.9196.8201.2203.3181.6169.2166.3168.8181.1206.5205.5205.2196.0192.2187.2175.5171.4172.7171.0167.4165.6167.0164.8165.1168.2163.0169.0169.1174.3178.5180.0182.8183.2186.6184.9188.6


71.474.372.581.087.198.1

115.9133.8132.5140.5152.2149.5150.7169.8201.2205.4183.9195.2225.6259.6280.7

268.2278.2260.3272.4324.6342.4345.9346.9369.2387.6

381.9366.2388.7427.6484.1534.5388.8377.8383.0377.9362.9363.8369.8368.1371.7386.4393:1403.5

410.5421.7428.2449.8

466.4471.1492.5506.5527.2531.7537.4541.4558.3567.5595.0

Resi-dential

131.1121.8122.2133.9149.6158.3153.7140.0135.6154.0158.6149.1190.0223.7222.3176.4153.5189.7229.8245.0236.0186.1171.2140.1197.6226.4229.5257.0257.6252.5243.2

220.6193.4225.6242.7268.9262.8239.4227.8214.9200.3187.4188.3195.6202.4

213.9224.9226.7236.7

237.9234.8242.2255.8

263.6271.6270.3270.3

265.9256.5262.2266.3271.1281.5277.8

Changein

busi-ness

inven-tories

13.510.68.9

20.018.115.630.242.332.126.927.25.7

22.725.239.024.0

-11.029.038.042.323.1

-10.033.1

-15.6-5.974.829.810.926.211.633.310.4-3.0

7.319.158.933.111.043.814.9

-28.2-17.5-20.8

4.921.4

in12.15.8

18.520.819.517.4

40.574.564.556.154.530.533.014.6-3.0

7.134.5


302


TABLE B-2.—Real gross domestic product, 1959-96—Continued

[Billions of chained (1992) dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959I9601961196219631964 .. .19651966196719681969

19701971197219731974197519761977 . .1978197919801981 .19821983 ....198419851986198719881989199019911992199319941995

1990:1IIIIIIV

1991:1IIIllIV

1992:1II ..IllIV

1993:1IIIllIV

1994:1II ..IllIV

1995:1IIIll .w .............

1996:1IIIll

Net exports of goodsand services

Netexports

-34.8-21.3-19.1-26.5-22.7-15.9-27.4-40.9-50.1-67.2-71.3-65.0-75.8-88.9-63.0-35.6-7.2

-39.9-64.2-65.6-45.3

10.15.6

-14.1-63.3

-127.3-147.9-163.9-156.2-114.4-82.7-61.9-22.3-29.5-72.0

-105.7-107.6-67.1-66.7-71.2-42.5-24.3-17.1-29.8-17.9-14.8-32.5-30.8-40.0-56.0-64.4-86.2-81.5-99.3

-107.3-111.7-104.3-122.5-121.4-101.6-343

-104.0-114.7-137.4

Exports

il*86.888.393.0

100.0113.3115.6123.4126.1135.3142.7158.1159.2172.0209.6229.8228.2241.6247.4273.1299.0331.4335.3311.4303.3328.4337.3362.2402.0465.8520.2564.4599.9639.4658.2712.0775.4555.2566.8561.8573.9572.3600.3603.6623.5633.0635.8639.7649.1647.1660.0645.5

. 680.3677.6703.1719.6747.6752.3763.2783.0803.1806.7817.9816.1

Imports

106:6108.1107.3119.5122.7129.2143.0164.2176.2202.5214.0223.1235.0261.0272.6265.3235.4281.5311.6338.6344.3321.3329.7325.5366.6455.7485.2526.1558.2580.2603.0626.3622.2669.0730.2817.6883.0622.3633.5633.0616.4596.6617.4633.4641.4647.8668.3670.5689.1703.1724.4731.7761.8777.0810.4831.3851.9874.9884.6884.5888.0910.7932.6953.5


Total

-618.5617.2647.2686.0701.9715.9737.6804.6865.6892.4887.5866.8851.0854.1848.4862.9876.3876.8884.7910.6924.9941.4947.7960.1987.3

1,018.41,080.11,135.01,165.91,180.91,213.91,250.41,258.01,263.81,261.01,260.01,260.21,246.51,248.21,246.81,259.91,262.61,263.81,255.11,250.71,258.51,257.51,266.51,272.51,257.71,258.41,261.61,266.21,252.41,249.81,271.21,266.61,262.71,265.11,263.41,249.61,254.71,278.21,276.1

Federal

Total

360.5349.4363.0393.2391.8385.2385.2429.1471.7476.3459.9427.2397.0390.2371.1368.8367.9364.3370.1377.7383.3399.3415.9429.4452.7463.7495.6518.4534.4524.6531.5541.9539.4528.0509.2489.8472.3542.9543.0538.2543.5547.3547.1536.3526.9525.1523.3529.6534.0516.1509.7505.9505.0489.9483.3496.7489.2481.0479.4472.5456.2462.9473.4469.3

Nation-al

de-fense

307.6301.3313.8332.4324.0309.9303.8348.2393.5400.9381.6349.0313.7300.3281.2273.5269.7264.7266.4266.7271.0280.7296.0316.5334.6348.1374.1393.4409.2405.5401.6401.5397.5375.8355.4337.0319.6404.1402.8396.1403.1408.4405.0395.0381.7374.2373.3378.7376.8361.6356.9351.6351.2334.8335.5346.2331.3325.0325.5319.1308.8311.9319.4314.9

Non-de-

fense

58.854.155.566.872.979.284.685.784.782.584.383.086.391.991.596.499.1

100.4104.3111.4112.7119.0120.4113.3118.5115.9121.8125.2125.3119.1130.1140.5142.0152.2153.8152.6152.3138.9140.4142.2140.5139.0142.2141.4145.3150.8150.0150.9157.1154.4152.7154.2153.7154.9147.8150.4157.5155.6153.5153.1147.0150.6153.7153.9

Stateandlocal

256.8267.2283.8292.1309.7330.9353.2375.9394.2416.5428.0440.0454.4464.5478.5495.6510.0514.3516.4534.7543.5543.6532.8531.4534.9555.0584.7616.9631.8656.6682.6708.6718.7735.8751.8770.5788.6703.8705.4708.7716.5715.5716.8718.8723.8733.5734.2736.9738.5741.6748.8755.7761.3762.7766.8774.7777.7782.2786.3791.5794.4792.6805.5807.7

Finalsales ofdomes-

ticproduct

2,206.92,264.22,318.02,445.42,552.42,705.12,860.43,033.53,125.13,278.03,377.23,406.53,499.83,689.53,883.93,873.43,906.44,061.74,240.84,464.44,614.44,641.94,691.64,651.24,821.25,061.65,296.95,480.95.626.05,855.16,028.76,126.76,082.66,237.46,365.56,550.76,708.96,144.66,127.56,126.66,108.16,065.46,095.96,085.46,083.86,175.86,203.86,249.56,320.76,307.16,334.56,371.36,449.26,467.76,514.96,582.16,638.16,647.46,682.46,741.46,764.26,815.26,884.76,892.7

Grossdomes-

ticpur-

chases1

2,270.42.303.12,349.72,497.42,598.92,740.52,925.93,124.93,214.23,377.43,480.13,469.13,592.53,794.03,975.23,925.73,867.24,122.94,351.54,565.74,668.24,578.64,697.34,622.74,870.75,274.45,488.85,666.15,815.75,983.96,146.16,202.16,101.16,274.06,457.66,711.86,847.16,222.96,242.96,218.46,124.36,072.26,091.16,119.16,122.36,190.06,246.86,291.96,367.36,382.16,420.46,478.66,549.36,605.96,692.36,753.76,795.36,819.86,830.96,874.86,862.96,914.67,003.07,060.7

Adden-dum.Gross

nationalprod-uct2

2,224.32,274.82,324.62,465.92,572.02,722.32,895.23,078.93,159.43,309.23,407.83,407.73,522.23,714.33,936.03,927,13,894.54,116.94,320.24,534.44,680.84,667.74,774.14,665.44,851.25,176.15,352.75,503.45,657.25,876.26,074.06,159.46,094.46,255.56,397.16,606.06,737.16,174.36,190.86,158.86,113.46,074.86,085.86,098.36,118.76,191.66,225.16,270.46,334.86,342.56,366.96,406.36,472.56,514.06,586.26,640.06,683.56,699.16,711.96,762.06,775.«6,814.96,886.56,913.7

Percent changefrom preceding

period

Grossdomes-

ticprod-uct

2.22.16.04.35.86.46.42.64.73.0

.03.35.45.7

"!65.64.95.02.9-.32.5

-2.14.06.83.73.02.93.83.41.3

-1.02.72.33.52.04.11.3

-1.9-4.1-2.2

1.71.01.04.72.53.04.3

L92.34.82.54.93.53.0

.4

3J

2.04.72.1

Grossdomes-

ticpur-

chases1

1.42.06.34.15.46.86.82.95.13.0

ie5.64.8

-1.2-1.5

6.65.54.92.2

-1.92.6

-1.65.48.34.13.22.62.92.7

.9-1.6

2.82.93.92.03.21.3

-1.6-5.9-3.4

1.21.9

4.53.72.94.9

.92.43.74.43.55.33.72.51.4

2.6

3.05.23.3

1 Gross domestic product (GOP) less exports of goods and services plus imports of goods and services.2 GDP plus net receipts of factor income from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.

303


TABLE B-3.—Chain-type price indexes for gross domestic product, 1959-96

[Index numbers, 1992=100, except as noted; quarterly data seasonally adjusted]

Year orquarter

195919601961 . ...196219631964196519661967196819691970 . .19711972197319741975197619771978197919801981198219831984198519861987 .198819891990199119921993199419951990:1

IIIllIV

1991-1IIIllIV

1992:1IIIllIV

1993:1IIIIIIV

1994:1IIHIIV

1995:1IIIll . .IV

1996:1IIHI

Grossdomes-

ticproduct

23.023.323.623.924.224.625.025.726.627.729.030.632.133.535.438.542.244.647.550.955.360.466.170.273.275.978.680.683.186.189.793.697.3

100.0102.6105.0107.692.093.294.295.196.397.097.798.399.199.8

100.2100.9-

101.8102.4102.8103.4104.1104.6105.2105.8106.7107.3107.9108.4109.0109.6110.2


Total

22.823.223.423.724.024.324.725.326.027.028.229.530.831.933.637.040.042.345.148.452.858.563.767.470.573.175.878.081.084.388.492.996.8

100.0102.6105.1107.691.092.293.594.995.796.497.198.098.999.7

100.3101.1101.8102.5102.8103.5104.1104.7105.5106.1106.7107.5107.8108.3108.9109.8110.2

Durablegoods

41.441.241.341.541.641.841.441.341.943.344.545.447.147.648.351.356.059.261.765.269.675.680.683.885.586.787.888.991.693.395.396.698.5

100.0101.3103.4104.696.596.496.596.997.998.498.899.199.6

100.1100.1100.2100.5101.1101.5101.9102.4103.2104.0103.9104.7104.8104.5104.3104.6104.1104.0

Non-durablegoods

24.524.825.025.225.525.826.327.127.828.930.231.732.633.736.441.644.846.549.252.658.365.370.672.874.676.778.778.781.884.889.394.698.1

100.0101.5102.8104.592.693.495.297.497.597.898.298.799.299.7

100.4100.7101.3101.5101.3101.9102.0102.4103.3103.6103.9104.5104.7105.0106.0107.3107.3

Services

18.519.019.319.619.920.320.721.322.023.023.925.226.727.929.231.434.036.539.542.646.151.056.260.864.968.271.675.378.282.286.691.295.8

100.0103.6106.7109.989.190.792.093.194.395.296.297.498.699.6

100.3101.5102.4103.3103.9104.7105.6106.2107.1107.9108.8109.7110.3110.9111.5112.4113.2


Total

29.629.729.729.729.629.830.230.831.632.834.435.837.639.341.345.351.053.857.562.468.074.581.485.685.486.087.089.091.093.596.198.499.7

100.0101.7103.6105.497.698.098.699.399.799.799.799.799.699.8

100.1100.5101.0101.6101.9102.1102.8103.3104.0104.3104.6105.3105.8105.9105.8105.8106.4

Fixed investment

Total

27.928.128.028.028.028.128.629.230.131.332.934.336.037.639.743.749.252.156.261.166.773.079.984.584.485.086.288.690.493.295.998.299.6

100.0101.7103.7105.497.597.998.599.199.699.699.799.699.699.8

100.1100.5101.0101.6102.0102.2102.8103.4104.1104.4104.6105.2105.8105.9105.9106.0106.6

Presidential

Total

31.531.631.531.531.531.732.132.533.434.636.037.839.641.042.646.853.356.360.064.469.776.083.588.387.587.588.390.291.393.796.298.499.9

100.0100.9102.3103.497.698.098.799.4

100.199.999.899.999.999.9

100.1100.1100.5100.8101.0101.1101.6102.2102.8102.7102.7103.4103.8103.7103.7103.7104.2

Struc-tures

21.221.121.021.221.421.722.323.123.825.026.728.430.632.835.440.245.047.250.956.362.968.778.284.482.282.984.986.587.992.195.6

1%100.0103.3106.7110.297.898.599.299.7

100.1100.2100.499.799.399.7

100.1100.9101.9103.0103.8104.6105.5106.0107.1108.4109.0109.8110.8111.3111.7112.2113.2


39.740.039.939.739.539.539.639.740.641.742.944.545.946.547.350.958.662.265.969.674.180.786.690.290.690.090.192.293.294.696.498.299.8

100.099.9

100.6100.897.597.798.499.3

100.199.899.599.9

100.2100.0100.199.899.999.999.999.8

100.1100.7101.1100.5100.3100.9101.2100.9100.7100.6100.9

Resi-dential

21.421.621.621.621.521.622.323.123.925.126.927.729.431.133.937.440.943.548.053.759.766.271.675.577.279.481.584.988.392.195.197.898.8

100.0103.7107.0110.397.297.698.198.398.498.799.399.098.899.5

100.2101.5102.3103.6104.3104.7105.7106.2107.4108.6109.2109.9110.7111.3111.3111.7112.6


304


TABLE B-3-—Chain-type price indexes for gross domestic product, 1959-96—Continued

[Index numbers, 1992=100, except as noted; quarterly data seasonally adjusted]

Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

IIIll ....IV ....

1991:1IIIll ....IV ....

1992:1IIIll ....IV ....

1993:1IIIll ....IV ....

1994:1IIIll ....IV ....

1995:1IIIll ....IV ....

1996:1

Ill '""

Exports and imports

services

Exports

28.729.129.529.529.429.630.631.632.833.534.536.037.338.543.854.159.761.664.268.276.584.290.390.891.392.389.888.591.096.097.998.7

100.3100.0

99.9101.0104.1

97.597.998.9

100.6100.9100.5

99.8100.199.9

100.1100.1100.0100.0100.1

99.999.7

100.2100.7101.3101.8103.1104.5104.6104.3104.4104.7104.3

Imports

20.921.121.120.921.321.722.122.622.723.023.625.026.528.433.448.052.153.758.562.773.491.496.493.189.688.986.086.091.095.397.8

100.4100.0100.098.799.5

102.298.897.1

100.0105.6102.299.798.599.699.099.6

101.0100.498.899.498.498.197.698.9

100.6100.9101.1103.2102.5101.9101.9102.1101.5


Total

18.118.318.719.119.620.220.721.622.523.725.227.229.331.533.937.441.444.047.150.354.860.966.871.374.578.281.082.785.287.490.294.197.4

100.0102.3104.3107.892.593.394.496.196.697.297.798.399.299.9

100.3100.6101.7102.1102.6102.9103.5104.1104.5105.3106.6107.4108.0109.1110.2110.1110.8

Cp/faralrcucfdl

Total

18.618.819.019.419.920.621.221.922.623.825.127.129.432.034.537.941.944.648.251.556.162.268.372.976.180.482.784.085.387.289.892.996.9

100.0102.6105.4109.4

91.492.193.195.095.996.697.197.899.4

100.0100.4100.2101.8102.0103.0103.7104.4105.4105.5106.5108.1108.9109.3111.3111.8111.6111.9

Na-tionaldp.ue-

fense

18.118.218.418.719.219.820.421.121.722.924.225.928.231.033.737.241.143.947.250.855.862.068.273.076.281.283.584.585.687.389.892.996.5

100.0102.1104.5108.1

91.592.193.195.095.496.196.797.799.6

100.2100.699.6

101.1101.6102.7102.9103.6104.1104.7105.5106.9108.1108.3109.2110.0110.4110.6

Non-de-

fense

19.519.820.521.121.722.823.224.024.726.327.730.332.734.536.539.343.846.350.352.856.662.368.372.675.477.580.282.284.086.789.792.897.9

100.0104.0107.7112.391.292.393.094.997.597.998.398.298.899.5

100.1101.6103.4103.1103.8105.6106.3108.3107.4108.7110.6110.9111.7116.0116.0114.4114.8

Stateandlocal

17.417.818.218.819.319.620.221.122.323.625.227.329.231.033.337.040.843.446.249.353.759.765.669.973.276.479.581.685.087.590.594.997.9

100.0102.1103.6106.7

93.394.295.396.897.197.698.298.699.099.9

100.2100.9101.7102.2102.3102.4102.9103.2103.8104.5105.6106.5107.1107.7109.2109.2110.1

Final

ni01rtn-uu-

mes-tic

prod-uct

22.823.123.423.724.024.324.825.526.327.528.830.331.933.335.138.341.944.447.250.755.160.165.870.073.075.878.480.583.086.189.793.697.3

100.0102.6105.0107.692.093.294.295.196.297.097.798.399.199.8

100.2100.9101.8102.4102.8103.4104.2104.6105.3105.8106.7107.3107.9108.4109.1109.7110.2

Gross domes-tic purchases

Total

22.522.823.123.423.724.024.525.125.927.028.329.831.432.834.738.241.844.247.250.755.361.166.870.773.375.978.480.483.186.189.893.897.3

100.0102.5104.8107.3

92.293.194.395.796.497.097.698.399.099.8

100.3100.9101.7102.3102.6103.2103.8104.4105.1105.7106.4107.2107.6108.1108.7109.3109.8

Lessfoodanden-ergy

"69'.072.074.677.380.182.986.189.693.397.0

100.0102.6105.1107.791.892.993.994.995.996.697.498.199.099.8

100.3100.9101.8102.4102.9103.4104.1104.7105.4105.9106.7107.5108.0108.6109.1109.4109.9

Grossna-

tionalprod-uct

23.023.423.623.924.224.625.025.826.627.729.030.632.233.535.438.542.244.647.551.055.360.466.170.273.276.078.680.683.186.189.893.797.3

100.0102.6104.9107.6

92.193.294.295.296.397.097.798.399.199.8

100.2100.9101.8102.4102.8103.4104.1104.6105.2105.8106.7107.3107.8108.4109.0109.6110.2

Percent change 2

«uiOSSdo-

mes-tic

prod-uct

1.41.21.31.21.51.92.83.24.44.75.35.24.25.68.99.45.86.47.38.59.39.46.34.23.83.42.63.13.74.24.43.92.82.62.32.54.95.24.34.14.83.22.82.53.42.81.52.83.82.21.82.32.91.92.42.13.32.42.12.12.32.22.0

Gross domes-tic purchases

Total

1.41.11.21.31.51.82.83.04.34.75.45.34.55.8

10.29.35.86.87.49.0

10.79.25.93.83.53.22.63.43.64.24.53.72.82.52.22.45.44.25.25.93.12.22.62.93.22.92.12.63.12.41.32.22.42.33.02.02.82.81.61.92.32.11.9

Lessfoodanden-

ergy

4"33.73.53.63.53.94.04.23.93.12.62.42.54.44.94.34.34.43.03.23.13.82.92.02.83.52.51.82.12.72.52.52.13.02.82.02.11.81.22.0

1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 Percent changes shown here are based on unrounded data. Quarterly changes are at annual rates.Source: Department of Commerce, Bureau of Economic Analysis.

305


TABLE B-4.—Quantify and price indexes for gross domestic product, and percent changes, 1959-96

[Quarterly data are seasonally adjusted]

Year or quarter

1959I96019611962 .196319641965196619671968196919701971197219731974197519761977197819791980 .1981198219831984198519861987198819891990199119921993199419951990-1

||IIIIV

1991-1IIIllIV

1992-1III I IIV

1993-1IIIllIV

1994-1IIIllIV

1995-1IIIllIV

1996:1IIIII

Gross domestic product

Index numbers, 1992=100

Currentdollars

8.18.48.79.49.9

10.611.512.613.314.615.716.618.019.822.124.026.129.132.536.741.044.649.951.956.362.567.070.875.180.987.192.094.8

100.0104.9111.1116.2

90.692.192.692.693.294.495.396.198.099.3

100.4102.2103.2104.2105.3107.1108.5110.3112.0113.4114.5115.4117.1117.7118.9120.8122.0

Chain-typequantity

index

35.436.237.039.240.943.346.049.050.352.754.354.356.159.162.562.361.965.468.572.074.173.975.774.077.082.385.387.990.593.997.198.397.3

100.0102.3105.8108.098.698.998.497.496.997.397.597.898.999.5

100.3101.3101.3101.8102.4103.6104.2105.5106.4107.2107.3107.5108.5108.6109.1110.4111.0

Chain-typeprice index

23.023.323.623.924.224.625.025.726.627.729.030.632.133.535.438.542.244.647.550.955.360.466.170.273.275.978.680.683.186.189.793.697.3

100.0102.6105.0107.6

92.093.294.295.196.397.097.798.399.199.8

100.2100.9101.8102.4102.8103.4104.1104.6105.2105.8106.7107.3107.9108.4

109.0109.6110.2

Implicitprice

deflator

22.923.323.623.924.224.525.025.726.527.729.030.632.233.535.438.542.244.647.451.055.360.465.970.173.175.978.480.683.186.189.793.697.3

100.0102.6104.9107.692.093.194.195.196.397.097.798.399.199.8

100.2100.9101.8102.4102.8103.4104.1104.6105.2105.8106.7107.3107.9108.4

109.0109.5109.9

Percent change from preceding period '

Currentdollars

3.83.57.45.57.48.59.55.89.27.95.48.79.9

11.78.38.9

11.511.413.011.68.9

11.94.18.4

11.07.15.86.17.67.75.63.05.54.95.84.69.16.62.2-.12.84.94.03.68.25.34.67.33.84.04.37.15.36.96.15.33.83.16.02.34.26.53.8

Chain-typequantity

index

2.22.16.04.35.86.46.42.64.73.0

.03.35.45.7-.4-.65.64.95.02.9-.32.5

-2.14.06.83.73.02.93.83.41.3

-1.02.72.33.52.04.11.3

-1.9-4.1-2.2

1.71.01.04.72.53.04.3-.11.92.34.82.54.93.53.0

.4

3.B

2.04.72.1

Chain-typeprice index

1.41.21.31.21.51.92.83.24.44.75.35.24.25.68.99.45.86.47.38.59.39.46.34.23.83.42.63.13.74.24.43.92.82.6

II4.95.24.34.14.83.22.82.53.42.81.52.83.82.21.82.32.91.92.42.13.32.42.12.12.32.22.0

Implicitprice

deflator

1.51.31.31.21.52.02.93.14.34.75.45.24.35.78.79.65.66.37.78.59.29.26.34.23.93.32.73.13.74.24.34.02.72.6

II4.95.24.24.25.13.12.92.53.32.71.52.93.82.11.92.22.81.92.52.23.42.42.12.02.21.81.7

1 Percent changes shown here are based on unrounded data. Quarterly percent changes are at annual rates.

Source: Department of Commerce, Bureau of Economic Analysis.

306


TABLE B-5.—Percent changes in real gross domestic product, 1960-96

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

Year orquarter

1960 . . .196119621963196419651966196719681969

197019711972197319741975197619771978 ::::..:.::....:1979

1980 . . .198119821983198419851986198719881989

199019911992199319941995

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIllIV

1993:1||IllIV

1994-1IIIIIIV

1995:1IIIllIV

1996-1IIIll

Grossdomes-

ticproduct

2.22.16.04.35.86.46.42.64.73.0

.03.35.45.7-.4-.65.64.95.02.9

£5-2.1

4.06.83.73.02.93.83.41.3

-1.02.72.33.52.04.11.3

-1.9-4.1

-2.21.71.01.04.72.53.04.3

1:92.34.82.5493.53.0

.4

3i8

2.04.72.1

Personal consumptionexpenditures

Total

2.72.04.94.16.06.35.73.05.73.7

2.33.76.04.8

2.25.64.34.32.3

L21.25.25.24.74.03.13.92.31.7-.62.82.83.12.33.4

U-3.1

-3.12.5

.9-1.0

6.42.22.95.4

.72.73.82.8

2.83.52.83.1

1.03.12.41.1

3.53.4

Dura-ble

goods

2.0-3.811.79.79.2

12.78.51.6

11.03.6

-3.210.012.710.3-6.9

.012.89.35.3

-8.01.2

14>14.59.79.01.56.32.6-.6

-6.45.87.37.23.2

16.3-11.8-4.0

-11.0-14.1

1.76.1

-4.9

13.34.39.3

11.0

.811.2

7.310.2

5.8435.6

12.4

-8.97.09.3

-1.0

8.211.4-2.6

Non-dura-ble

goods

1.51.83.12.14.95.35.51.64.52.72.41.84.43.3

-2.01.55.02.63.52.3-.4

.9

.62.93.52.33.21.92.82.31.0

-1.01.52.03.12.31.3

~9-3.4

-2.42.3

-3.4

5.9-.72.85.8-.92.32.81.7

3.9323.83.22.41.8.5

-.4

3.71.3

Serv-ices

4.44.14.94.56.15.35.14.85.24.8

4.03.75.44.52.43.54.24.24.73.21.91.51.94.74.1

35i4.24.02.32.6.8

2.92.42.22.21.74.52.8

-1.0

-1.02.8

.61.25.43.41.74.01.51.33.61.91.63.51.61.22.43.02.02.32.42.71.3

Gross private domesticinvestment

Nonresidential fixed

Total

5.6-.98.75.0

11.817.312.1-1.6

4.37.2

-1.0

w14.6

-,oi4.8

11.813.79.6

?3-4.4-1.717.36.2

-3.5-1.1

4.44.0-.6

-6.41.96.49.89.54.5

-7.8

-8-12.5-3.0-4.0-4.1

3.610.02.26.26.06.34.7

17.5

7.371

13.812.2

15.43.54.92.5

11.63.8

17.5

Struc-tures

7.91.44.51.1

10.415.96.8

-2.51.45.4

-lie3.18.2

-2.1-10.5

2.54.9

10.912.6

6.77.9

-1.5-10.4

14.37.3

-10.8-3.6

2.21.1

-10.7-6.8-1.7

1.57.36.8

-1.9

-16i6-7.7

-10.0-22.7-8.9

2.9-3.9-8.1-4.3

3.5-5.3

.87.5

-11.815.7

13iO

9.93.46.31.07.7

-3.78.4

Pro-ducers'dura-

bleequip-ment

4.1-2.411.67.6

12.618.215.5-1.0

6.18.3

-1.8.8

12.718.52.1

-10.56.1

15.615.18.1

-4.43.7

-6.44.6

19.25.51.0

645.0

-1.5-4.1

6.210.013.210.4

3.3-10.8

5.5-5.2

-14.9.9

6.8-1.8

3.916.97.1

11.0

7.111.46.3

21.7

15.541

19.411.9

17.43.54.33.0

13.16.7

20.9

Resi-dential

-7.1.3

9.611.85.8

-2.9-*.9-3.113.63.0

-«.o27.417.8-.6

-20.6-13.0

23.621.26.6

-3.7

-21.1-*.o

-18.241.114.61.4

12.0

-2.0-3.7

-9.3-12.3

16.67.6

10.8-2.3

5.9-18.0-20.8-24.5-23.4

2.016.414.7

24.722.23.3

18.7

2.1-5.113.224.3

12.812.7-1.8

-6.3-13.4

9.26.47.4

16.3-5.2

Exports and im-ports of goodsand services

Ex-ports

20.81.75.47.5

13.32.06.72.27.35.5

10.8

8il21.89.6

5.92.4

10.49.5

10.81.2

-7.1-2.6

8.32.77.4

11.015.911.7

8.56.36.62.98.28.9

15.58.6

-3.58.9

21 !02.3

13.8

6.31.82.56.0

-1.38.3

-8.523.4

-1.515.99.7

16.5

2.65.9

10.710.7

1.85.6-.9

Im-ports

1.3

in2.75.3

10.614.97.3

14.95.7

4.35.3

11.04.5

-2.7-11.3

19.610.78.71.7

-6.72.6

-1.312.624.36.58.46.13.93.93.9

7i59.2

12.08.05.97.4

-io!i-12.2

14.710.85.14.1

13.31.3

11.6

8.312.74.1

17.5

8.218.410.710.3

11.24.5

.01.6

10.69.99.3

Government consump-tion expenditures and

gross investment

Total

-0.24.96.02.32.0

H7.63.1-.6

-2.3-1.8

.4

U1.5

!92.91.61.8

L32.83.16.15.12.71.32.83.0

.6

.5

~.'o6.0

-44.3

.9

-2.7-1.4

2.5

2i91.9

-4.6

l!u1.5

-4.3-.87.0

-14

-1.2.8

-.6-4.3

1.67.7-.6

Fed-eral

-3.13.98.3

-17

11*9.91.0

-3.4

-7.1-7.1-1.7-4.9-.6

-U)1.62.11.54.24.23.25.42.46.94.63.1

-1.81.32.0

-2!l-3.6-3.8-3.6

6.1

-3!54.02.8

-77-6.8

-1.4-1.4

4.93.4

-12.7-4.9-2.9-.7

-11.4-5.311.5-5.9

-6.5-1.3-5.6

-13.2

6.094

-3.5

Stateandlocal

4.16.22.96.06.86.76.4

»2.8

2.83.32.23.03.62.9

43.61.6.0

-2.0-.3

3.85.35.52.43.94.03.81.42.42.22.52.4

6.0.9

1.94.5-.6

.71.22.85.44

1.4.9

1.73.93.83.0

.72.24.21.6

2.32.12.71.5-.96.71.1


307


TABLE B-6.—Gross domestic product by major type of product, 1959-96

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

Year orquarter

195919601961196219631964196519661967196819691970197119721973197419751976 . . .1977197819791980198119821983198419851986198719881989199019911992199319941995...-1990:1

IIIllIV

1991-1 . .III l lIV

1992:1III I IIV

1993:1||IIIIV

1994-1IIIllIV

1995 1IIIllIV

1996:1IIIII


507.2526.6544.8585.2617.4663.0719.1787.8833.6910.6982.2

1,035.61,125.41,237.31,382.61,496.91,630.61,819.02,026.92,291.42,557.52,784.23,115.93,242.13,514.53,902.44,180.74,422.24,692.35,049.65,438.75,743.85,916.76,244.46,553.06,935.77,253.85,660.45,751.05,782.45,781.55,822.15,892.35,950.06,002.36,121.86,201.26,271.76,383.06,442.66,506.26,574.46,688.66,776.06,890.56,993.17,083.27,149.87,204.97,309.87,350.67,426.87,545.17.616.3

Finalsales ofdomes-

ticproduct

503.0523.3541.9579.1611.7658.0709.4774.0823.1901.4972.7

1,033.41,116.91,227.41,365.21,482.81,636.91,802.02,003.82,264.22,540.62,791.93,087.83,256.63,519.43,835.04,154.54,412.64,668.15,038.75,407.05,735.85,919.06,237.46,532.46,876.27,216.75,651.85,709.85,768.75,812.95,838.25,912.25,944.75,980.96,122.16,191.06,260.16,376.66,422.86,484.66,552.36,669.86,735.96,816.06,928.57,024.67,091.77,170.97,271.57,332.87,428.67,537.17.579.6

Changein

busi-ness

inven-tories

4.23.22.96.15.75.09.7

13.810.59.19.52.28.59.9

17.514.1-6.316.923.127.216.9-7.628.2

-14.5-4.967.526.2

9.624.210.931.78.0

-2.37.0

20.659.537.08.6

41.213.8

-31.4-16.1-19.9

5.321.4-.3

10.211.66.4

19.921.622.018.840.274.564.758.758.134.038.217.8-1.7

8.036.6

Goods1

Total

Total

252.0257.8260.4281.2292.7313.2342.9380.6394.5426.7455.8467.5493.2539.8619.2665.7718.1804.0883.7996.5

1,115.21,191.11,342.61,333.21,426.91,607.01,669.81,720.61,804.81,942.92,124.02,203.82,234.02,321.02,422.02,593.92,699.22,194.92,223.62,210.72,186.12,207.92,225.12,249.22,253.82,281.12,301.32,329.42,372.22,382.22,414.22,417.42,474.32,523.22,574.72,619.32,658.62,673.92,680.22,727.02,715.82,747.52,790.12.821.6

Finalsales

247.8254.6257.5275.1287.1308.1333.3366.8384.0417.6446.2465.3484.7529.9601.8651.6724.5787.1860.6969.3

1,098.31,198.71,314.51,347.71,431.81,539.61,643.61,711.01,780.61,932.02,092.32,195.82,236.32,314.02,401.42,534.42,662.22,186.32,182.42,196.92,217.52,224.02,245.02,243.92,232.42,281.42,291.02,317.82,365.82,362.32,392.62,395.42,455.42,483.02,500.12,554.62,600.02,615.82,646.22,688.82,698.02,749.32,782.02.785.0

Changein

busi-ness

inven-tories

4.23.22.96.15.75.09.7

13.810.59.19.52.28.59.9

17.514.1-6.316.923.127.216.9-7.628.2

-14.5-4.967.526.29.6

24.210.931.78.0

-2.37.0

20.659.537.08.6

41.213.8

-31.4-16.1-19.9

5.321.4-.3

10.211.66.4

19.921.622.018.840.274.564.758.758.134.038.217.8-1.7

8.036.6

Durable goods

Finalsales

92.395.194.3

104.5111.0120.5133.3149.0153.8167.8178.6180.2187.0209.3241.4256.7288.1322.5366.9416.9475.0502.9546.0544.4586.1655.1713.2741.3764.7837.0907.3935.7926.6965.9

1,014.31,086.11,147.3

957.9932.7929.3922.9912.1936.0933.6924.8944.6955.7969.2994.2985.8

1,015.31,009.31,046.61,061.51,069.5,101.3,112.3,116.9,138.6,167.2,166.4

1,192.11,219.11.225.5

Changein

busi-ness

inven-tories

3.11.7

142.74.06.7

10.25.54.66.3

.03.27.2

14.611.0-7.510.610.220.312.5-2.7

7.5-15.5

4.043.68.6

2L516.421.32.5

-16.6-10.9

15.731.934.8

1.416.99.9

-18.4-38.7-29.5

5.9-4.2

-18.81.1

-11.1-14.9

13.111.314.224.325.135.134.233.154.428.529.227.312.39.9

34.7

Nondurable goods

Finalsales

155.5159.5163.2170.7176.1187.6199.9217.8230.2249.8267.6285.1297.7320.6360.3394.9436.4464.6493.7552.5623.3695.8768.4803.3845.7884.5930.4969.7

1,015.91,095.01,185.01,260.11,309.71,348.11,387.21,448.31,514.91,228.41,249.71,267.71,294.61,311.81,309.01,310.31,307.61,336.81,335.41,348.61,371.61,376.51,377.31,386.01,408.81,421.51,430.61,453.31,487.71,498.81,507.71,521.61,531.71,557.11,562.91.559.5

Changein

busi-ness

inven-tories

1.11.63.02.73.01.03.03.65.04.53.22.25.32.72.93.11.26.3

12.86.94.3

-4.920.6

1.0-8.923.917.69.02.8

-5.510.55.6

14.317.94.9

27.62.27.2

24.33.9

-13.122.69.5-.6

25.518.59.1

22.721.36.8

10.37.9

-5.515.139.530.525.63.75.49.1

-9.4

-14.0-1.9

2.0

Serv-ices1

192.7206.8220.8236.1252.0271.4291.5319.2349.5383.9418.2458.5503.8550.5600.5665.6745.8823.8916.4

1,023.11,131.71,274.11,423.31,566.91,720.91,871.82,054.62,224.22,398.12,600.02,795.33,016.93,201.33,411.13,584.03,746.53,926.92,924.92,997.83,051.33,093.73,131.63,186.73,221.93,264.93,338.43,387.53,432.13,486.43,528.93,556.73,607.53,642.73,678.23,724.03,773.43,810.53,856.23,908.93,950.23,992.44,027.94,087.04.122.0

Struc-tures

62.561.963.667.872.778.484.788.089.6

100.0108.3109.7128.4146.9162.9165.6166.7191.2226.8271.8310.6319.1350.0342.0366.8423.6456.3477.4489.3506.7519.4523.1481.4512.3547.0595.3627.6540.6529.6520.5501.7482.6480.5478.9483.6502.3512.4510.1524.4531.5535.4549.5571.6574.7591.9600.5614.1619.8615.7632.6642.3651.4668.0672.6

1 Exports and imports of certain goods, primarily military equipment purchased and sok) by the Federal Government, are included in serv-ices.


308


TABLE B-7.—Real gross domestic product by major type of product, 1959-96

[Billions of chained (1992) dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959196019611962196319641965196619671968.196919701971197219731974 .19751976197719781979198019811982198319841985198619871988198919901991 . . ..19921993 . .199419951990:1

IIIllIV

1991-1IIIllIV

1992:1IIIIIIV

1993:1I IIllIV

1994:1IIIllIV

1995:1IIIllIV

1996-1IIIll


2,212.32,261.72,309.82,449.12,554.02,702.92,874.83:060.23,140.23,288.63,388.03,388.23,500.13,690.33,902.33,888.23,865.14,081.14,279.34,493.74,624.04,611.94,724.94,623.64,810.05,138.25,329.55,489.95,648.45,862.96,060.46,138.76,079.06,244.46,386.46,608.76,742.96,154.16,174.46,145.26,081.06,047.96,074.16,089.36,104.46,175.36,214.26,260.96,327.36,326.46,356.56,393.46,469.16,508.56,587.66,644.96,693.96,701.06,713.56,776.46,780.76,814.36,892.66,928.4

Finalsales ofdomes-

ticproduct

2,206.92,264.22,318.02,445.42,552.42,705.12,860.43,033.53,125.13,278.03,377.23,406.53,499.83,689.53,883.93,873.43,906.44,061.74,240.84,464.44,614.44,641.94,691.64,651.24,821.25,061.65,296.95,480.95,626.05,855.16,028.76,126.76,082.66,237.46,365.56,550.76,708.96,144.66,127.56,126.66,108.16,065.46,095.96,085.46,083.86,175.86,203.86,249.56,320.76,307.16,334.56,371.36,449.26,467.76,514.96,582.16,638.16,647.46,682.46,741.46,764.26,815.26,884.76,892.7

Changein

busi-ness

inven-tories

13.510.68.9

20.018.115.630.242.332.126.927.2

5.722.725.239.024.0

-11.029.038.042.323.1

-10.033.1

-15.6-5.974.829.810.926.211.633.310.4-3.0

7.319.158.933.111.043.814.9

-28.2-17.5-20.8

4.921.4

in12.15.8

18.520.819.517.440.574.564.556.154.530.533.0146-3.0

7.134.5

Goods1

Total

Total

786.4795.6796.0853.5882.4936.7

1,013.01,099.91,114.71,166.61,200.31,181.61,209.31,296.51,413.21,400.91,373.41,478.31,560.01,644.41,700.61,687.41,765.71,684.11,754.81,924.81,971.72,020.92,076.92,178.92,300.22,307.12,262.32,321.02,390.02,524.32,589.22,328.32,335.62,304.62,260.12,251.82,256.12,271.12,270.12,288.92,301.12,327.42,366.72,356.72,386.52,385.62,431.12,467.22,510.92,542.62,576.52,576.22,573.02,610.22,597.52,615.72,647.12,682.1

Finalsales

780.9795.6799.7848.6878.8935.8999.9

1,077.91,101.21,156.51,189.91,193.41,206.11,293.21,396.01,386.51,404.41,459.91,525.71,617.81,690.71,711.21,735.11,706.71,762.61,853.31,940.62,011.72,055.02,171.02,269.22,295.42,265.92,314.02,369.02,465.62,555.12,318.82,289.52,286.42,286.82,269.02,277.72,267.22,249.62,289.32,290.72,316.02,360.12,337.32,364.42,363.42,411.12,425.92,437.32,478.92,520.22,522.02,542.02,575.02,581.52,617.62,640.02,646.2

Change

busi-ness

inven-tories

13.510.68.9

20.018.115.630.242.332.126.927.2

5.722.725.239.024.0

-11.029.038.042.323.1

-10.033.1

-15.6-5.974.829.810.926.211.633.310.4-3.0

7.319.158.933.111.043.814.9

-28.2-17.5-20.8

4.921.4

11312.15.8

18.520.819.517.440.574.564.556.154.530.533.014.6-3.0

7.134.5

Durable goods

Finalsales

221.1227.3224.3247.7262.0283.8313.9350.0359.2378.7391.2383.2385.8431.8496.6496.9495.8520.9567.0615.3654.6638.1638.8604.4637.6703.1758.2793.6819.8897.0951.9963.9934.2965.9

1,007.41,068.11,124.1

991.4963.8955.6944.7926.0944.9938.2927.5945.2953.8970.0994.8982.1

1,008.51,000.91,038.01,047.51,050.01,078.91,095.91,095.21,115.41,142.91,143.01,166.31,196.41,206.9

Changein

busi-ness

inven-tories

9.95.2

10>8.3

12.120.430.916.313.217.4

8^018.034.620.6

-13.918.917.231.718.4-3.6

9.1-17.8

4.949.710.0

23^517.622.4

2.7-16.6-10.9

15.430.632.8

1.917.310.2

-18.4-38.9-29.5

6.1-4.2

-18.71.2

-11.4-14.8

13.111.213.523.624.333.932.931.551.526.727.025.811.89.3

33.0

Nondurable goods

Finalsales

595.6602.6612.1634.7648.2682.7713.4751.8765.4801.8822.6837.8848.8885.4916.7905.9926.7956.4970.8

1,011.71,042.91,085.61,111.01,122.61,142.61,160.91,189.01,223.51,239.21,274.81,317.21,331.31,331.81,348.11,361.71,397.81,431.81,326.51,325.51,330.81,342.21,343.31,332.81,329.01,322.11,344.21,336.91,346.01,365.31,355.21,356.01,362.51,373.31,378.61,387.51,400.51,424.71,427.11,427.31,433.21,439.41,452.61,445.71,441.7

Changein

busi-ness

inven-tories

3.55.39.39.19.83.09.2

10.915.613.69.65.9

14.87.26.04.52.3

10.220.810.55.1

-6.323.62.0

-10.425.619.710.22.2

-6.211.07.6

13.418.33.7

28.2

9.126.34.7

-9.921.08.4

-1.325.618.610.123.720.85.49.76.1

-6.416.240.731.624.5

2.73.65.8

-11.4-14.7-2.2

1.5

Serv-ices1

1,115.31,167.11,219.91,277.51,336.91,406.31,472.51,557.81,639.41,712.01,774.11,824.01,875.81,936.12,004.42,063.32,123.52,182.92,250.52,334.32,391.32,441.42,475.82,518.72,598.42,678.02,797.82,903.23,011.63,128.63,208.53,295.43,332.33,411.13,467.13,526.13,583.93,264.83,293.93,310.13,312.73,308.83,335.03,338.33,347.23,379.43,398.63,424.23,442.33,448.93,451.03,478.33,490.33,495.63,517.33,541.13,550.53,556.13,579.03,595.13,605.63,614.23,648.83,652.0

Struc-tures

299.4296.5304.7322.2343.9367.0385.4385.9380.2403.6408.8391.1427.4459.0469.0420.5382.3418.3458.7498.1511.7475.9468.8428.5460.7523.1550.3558.4554.6550.8546.0533.3484.5512.3529.4559.8571.8555.9541.4528.2507.5487.3483.4480.1487.3507.1514.4509.4518.5520.9519.3529.5548.1546.6560.6562.8569.1570.8563.4573.7579.4586.4598.8597.5

'Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in serv-ices.


309


TABLE B-8.—Gross domestic product by sector, 1959-96

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

Year orquarter

19591960196119621963196419651966196719681969 :..1970197119721973197419751976197719781979 ..19801981198219831984198519861987198819891990199119921993199419951990:1

IIIllIV

1991:1IIIllIV

1992:1II .IllIV

1993:1IIIllIV

1994: 1 .IIIllIV

1995:1IIIllIV

1996:1IIIll


507.2526.6544.8585.2617.4663.0719.1787.8833.6910.6982.2

1,035.61,125.41,237.31,382.61,496.91,630.61,819.02,026.92,291.42,557.52,784.23,115.93,242.13,514.53,902.44,180.74,422.24,692.35.049.65,438.75,743.85,916.76,244.46,553.06,935.77,253.85,660.45,751.05,782.45,781.55,822.15,892.35,950.06,002.36,121.86,201.26,271.76,383.06,442.66,506.26,574.46,688.66,776.06,890.56,993.17,083.27,149.87,204.97,309.87,350.67,426,87,545.17,616.3

Business '

Total

436.9451.1464.9499.5525.9564.7613.8670.4703.7766.1823.3860.3933.9

1,028.31,154.61,246.01,351.51,516.01,697.51,931.92,164.12,346.32,631.82,714.72,950.03,289.63,520.23,716.73,933.14,233.44,563.74,796.94,908.55,184.45,451.65,798.46,078.24,739.64,812.74,825.74,809.74,830.54,887.54,937.64,978.65,080.15,143.05,205.25,309.25,351.45,411.85,465.95,577.35,649.55,755.55,852.75,935.85,988.06,033.16,129.66,162.16,226.36,334.66,394.2

Nonfarm '

Total1

418.0431.3444.8479.3505.5545.5591.9647.5681.5743.4798.1834.1905.8995.6

1,104.91,198.61,302.71,469.61,650.31,877.12,099.72,290.22,561.92,649.52,900.83,221.13,453.13,653.73,868.04,169.64,487.54,717.34,835.65,103.85,379.55,716.15,999.64,660.94,730.14,746.14,732.14,759.94,810.54,866.84,905.15,000.95,062.75,121.05,230.65,279.75,336.75,400.85,500.75,562.45,673.15,773.15,855.85,911.35,956.36,051.06,079.86,137.36,237.06,290.3

Nonfarmless

housing

382.4392.7403.4434.7458.1495.3538.4590.6620.6678.6728.2759.2824.1906.9

1,007.91,092.81,188.41,344.61,510.91,721.31,923.62,085.02,326.62,390.02,624.12,918.63,121.13,295.23,481.63,750.44,036.14,234.14,325.74,560.64,821.95,123.05,375.04,192.14,252.04,256.44,236.14,259.34,305.64,354.54,383.34,475.04,531.54,549.74,686.24,723.74,781.84,843.14,938.84,971.65,089.85,178.75,251.95,298.05,335.85,425.95,440.45,496.95,591.65,634.9

Hous-ing

35.638.641.444.647.450.253.557.060.864.869.974.981.788.796.9

105.9114.3125.0139.4155.8176.1205.1235.3259.5276.7302.5332.0358.5386.4419.2451.4483.2509.9543.2557.6593.1624.6468.8478.1489.7496.0500.6504.9512.3521.8525.9531.2571.3544.4555.9554.9557.7561.9590.9583.3594.4603.9613.3620.5625.1639.4640.4645.4655.4

Farm

18.919.820.120.220.419.321.922.922.222.725.226.228.132.649.847.448.846.447.254.764.556.169.965.149.268.567.163.065.163.876.279.672.980.672.182.378.678.782.679.677.670.677.070.773.579.180.384.278.771.775.165.176.687.182.479.680.076.676.878.682.289.197.6

103.9

Households and institutions

Total

12.413.914.515.616.717.919.321.323.426.129.532.435.639.043.047.252.057.162.469.877.387.197.6

108.2119.2131.2140.9153.7173.3195.1214.6237.9257.4279.1294.9310.3323.0228.6235.5242.8244.8249.2255.7259.7265.1270.1278.3281.7286.2290.5290.8298.7299.4306.0309.5312.3313.4316.7321.3324.3329.6333.5338.3343.2

Privatehouse-holds

3.63.83.73.83.83.94.04.04.24.44.44.54.64.64.84.64.65.45.96.56.46.16.26.36.37.37.37.77.78.38.99.49.1

10.110.710.811.19.39.59.49.49.09.09.19.39.7

10.010.210.410.510.610.710.810.810.910.910.810.911.011.211.311.511.611.8

Non-profit

institu-tions

8.910.110.711.812.814.015.317.219.221.725.027.931.134.338.242.647.451.756.563.271.081.091.5

102.0112.9123.9133.6145.9165.6186.8205.7228.5248.3269.0284.2299.5311.8219.3226.0233.4235.4240.1246.7250.6255.9260.4268.3271.5275.8280.0280.2288.0288.6295.2298.6301.4302.6305.8310.3313.1318.2322.0326.7331.4

General government2

Total

57.961.565.570.174.880.486.096.1

106.5118.4129.5142.9155.9170.1185.0203.7227.1245.8266.9289.7316.0350.8386.4419.2445.3481.7519.6551.9586.0621.0660.3709.0750.7781.0806.5827.0852.6692.3702.8713.9727.0742.4749.1752.8758.6771.7780.0784.8787.6800.7803.6809.7812.0820.5825.5828.2834.0845.1850.4855.9859.0867.0872.2878.9

Federal

31.832.934.236.338.140.542.347.151.656.560.264.368.273.176.983.591.797.9

106.1113.8122.3135.6151.0164.0173.5190.8203.6211.1221.3230.0240.5252.7268.1274.4276.6275.7278.2248.7250.4253.1258.5267.9268.5268.1267.9274.4275.8275.2272.1278.8275.9276.9275.0277.1277.2274.0274.3278.6278.9278.8276.8279.0277.8276.6

Stateandlocal

26.128.631.333.836.740.043.749.054.961.969.378.787.796.9

108.1120.3135.4147.9160.9175.9193.7215.2235.4255.2271.8290.9316.0340.7364.7391.0419.8456.3482.6506.6529.9551.4574.4443.5452.4460.8468.4474.5480.6484.7490.6497.3504.2509.6515.5522.0527.7532.9537.0543.4548.3554.2559.7566.5571.6577.1582.2588.0594.4602.3

1 Gross domestic business product equals gross domestic product less gross product of households and institutions and of general govern-ment. Nonfarm product equals gross domestic business product less gross farm product.2 Equals compensation of general government employees plus general government consumption of fixed capital.


310


TABLE B-9.—Real gross domestic product by sector, 1959-96[Billions of chained (1992) dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

195919601961196219631964 ..19651966196719681969197019711972197319741975197619771978197919801981 ...."'"!'.!..198219831984198519861987198819891990 ....19911992 ...1993199419951990:1

IIIllIV

1991:1IIIllIV

1992:1IIIIIIV

1993:1IIIllIV

1994:1IIIllIV

1995-1IIIllIV

1996:1IIIll


2,212.32,261.72,309.82,449.12,554.02,702.92,874.83,060.23,140.23,288.63,388.03,388.23,500.13,690.33,902.33,888.23,865.14,081.14,279.34,493.74,624.04,611.94,724.94,623.64,810.05,138.25,329.55,489.95,648.45,862.96,060.46,138.76,079.06,244.46,386.46,608.76,742.96,154.16,174.46,145.26,081.06,047.96,074.16,089.36,104.46,175.36,214.26,260.96,327.36,326.46,356.56,393.46,469.16,508.56,587.66,644.96,693.96,701.06,713.56,776.46,780.76,814.36,892.66,928.4

Business '

Total

1,723.61,757;!

1,791.71,906.51,992.82,117.62,263.02,410.92,463.92,585.42,665.62,665.12,768.02,946.83,145.73,122.63,091.83,296.63,481.43,678.83,798.43,777.03,882.53,776.03,952.84,264.24,431.34,565.24,698.84,880.05,047.85,099.45,025.95,184.45,315.75,530.35,663.45,123.55,137.75,101.65,034.74,995.55,020.25,037.25,050.85,118.75,156.75,198.85,263.35,259.85,286.25,320.35,396.35,432.05,509.15,565.15,614.75,621.25,632.75,694.15,705.75,741.65,807.35,841.2

Nonfarm1

Total1

1,677.817112l',748.71,868.21,953.32,083.32,227.62,383.92,430.12,554.62,634.42,634.92,736.22,920.23,126.93,094.93,049.73,255.93,431.33,651.63,762.63,740.83,816.03,705.43,915.74,211.34,357.54,500.04,636.14,826.84,984.85,026.54,954.95,103.85,244.75,446.75,587.25,055.15,063.45,028.84,958.94,924.84,947.24,968.14,979.65,039.75,075.35,115.85,184.45,184.35,212.75,259.15,322.55,347.95,424.85,481.15,532.85,542.45,556.15,620.25,630.05,662.45,724.55,754.3

Nonfarmless

housing

1,525.11,548.61,577.01,685.31,760.91,881.62,014.32,159.92,195.62,310.52,379.82,373.42,464.02,633.92,826.72,781.02,733.32,929.23,093.23,294.63,387.73,345.63,406.13,291.43,496.43,774.23,906.04,040.24,162.14,335.74,477.84,510.54,428.14,560.64,702.04,885.35,013.44,544.14,549.64,511.34,437.24,401.64,423.14,440.44547.54,508.44,542.44,545.74,645.94,638.24,671.54,717.94,780.74,783.44,870.74,920.14,967.24,973.34,984.35,046.75,049.45,085.15,146.25,170.8

Hous-ing

149.8160.0169.4180.4189.9198.9210.0220.3231.2240.3251.1258.7269.3282.7295.9311.7315.4323.4333.6351.7370.7395.6411.6418.7421.3437.54519459.7473.9491.0506.8515.9526.8543.2542.6561.3573.8510.8513.6517.4521.7523.2524.1527.7532.2531.3532.9570.1538.5546.1541.2541.2541.9564.4554.1561.1565.7569.1571.7573.6580.7577.4578.6583.7

Farm

34.034.333.532.633.932.734.532.535.835.536.435.937.536.936.338.743.444.650.241.746.346.263.365.245.056.471.965.563.756.664.872.971.280.671.083.976.069.474.172.775.370.973.169.371.479.081.483.078.975.673.760.873.884.684.884.482.178.976.473.575.379.182.887.1

Households and institutions

Total

105.0112.1113.1117.2120.1123.4127.9132.6136.9141.0145.5144.0147.2151.4154.9156.1161.2163.0167.5170.3173.7178.7182.7188.0192.3197.1203.4213.5224.1240.6253.4264.1272.1279.1287.9296.2302.5259.3262.7266.5267.8269.0271.6272.8274.9277.3277.2279.8282.0283.5287.1289.6291.4293.5295.9296.8298.8300.1301.6303.1305.0305.5308.4310.1

Privatehouse-holds

18.518.618.117.917.717.516.916.316.315.514.713.813.112.712.410.710.110.410.510.89.48.37.87.67.68.7879.08.99.5

10.110.29.4

10.110.310.210.110.310.410.210.09.59.49.49.59.9

10.110.110.310.310.410.310.310.310.310.210.110.010.110.210.210.310.310.3

Non-profit

institu-tions

78.685.487.892.395.699.4

105.0110.9115.2120.6126.5126.4130.6135.4139.6143.2149.2150.6155.0157.5163.1169.8174.7180.4184.8188.2194.6204.3215.2231.0243.3253.8262.6269.0277.5286.0292.3249.0252.3256.2257.8259.5262.2263.4265.4267.4267.1269.6271.7273.1276.7279.2281.1283.2285.6286.7288.7290.1291.5292.9294.8295.3298.1299.8

General government 2

Total

415.1429.3444.6461.8475.7492.4509.3542.1571.1592.6607.3609.7611.3611.5614.8625.2631.1634.3639.1649.2654.2660.9662.3666.6668.7676.06932709.9724.2741.3758.1774.7781.1781.0782.9782.4777.5770.3773.3776.7778.5783.7782.5779.3778.9779.3780.3782.3782.0783.2783.2783.6781.5783.1782.7783.2780.7780.1779.6779.7770.8768.0777.7778.1

Federal

232.1236.4241.5251.7254.3256.8258.8276.4295.1300.6301.7288.9276.1263.5253.8252.0249.0247.5246.3247.3245.1246.7248.3250.3254.2258.22639266.9272.3274.1276.2280.3281.0274.4267.3256.8246.4279.8280.0280.9280.4284.9282.3279.4277.5275.8275.0274.0272.7271.5269.0266.4262.3261.1258.1255.9252.0250.2249.1247.7238.6238.7240.4239.0

Stateandlocal

186.4196.2206.4213.6224.6238.4253.0268.4279.2294.8307.8321.5334.9347.4360.2372.6381.7386.4392.6401.8409.3414.5414.2416.4414.4417.64292443.0452.0467.3481.9494.5500.1506.6515.6525.8531.7490.5493.4495.9498.1498.9500.2499.9501.5503.5505.3508.4509.3511.7514.3517.3519.2522.2524.7527.5529.0530.2530.9532.5533.0530.0538.1539.9

1 Gross domestic business product equals gross domestic product less gross product of households and institutions and of general govern-ment. Nonfarm product equals gross domestic business product less gross farm product.2 Equals compensation of general government employees plus general government consumption of fixed capital.


311


TABLE B-10.—Gross domestic product by industry, 1959-94[Billions of dollars]

Year

Based on1972 SIC:

1959

I9601961196219631964

19651966196713681969

19701971197219731974

19751976197719781979

19801981198219831984

198519861987

Based on1987 SIC:

198719881989

19901991199219931994

Grossdomes-

ticproduct

507.2

526.6544.8585.2617.4663.0

719.1787.8833.6910.6982.2

1,035.61,125.41,237.31,382.61,496.9

1,630.61,819.02,026.92,291.42,557.5

2,784.23,115.93,242.13,514.53,902.4

4,180.74,422.24,692.3

4,692.35,049.65,438.7

5,743.85,916.76,244.46,550.26,931.4

Private industries

Agri-cul-ture,for-

estry,and

fishing

20.3

21.321.722.122.321.4

24.225.424.925.728.5

29.832.137.054.453.2

54.553.654.363.274.5

66.781.177.162.683.6

84.582.188.6

88.688.9

101.9

108.7102.9112.4105.3117.8

Mining

12.5

12.913.013.213.513.9

14.014.715.216.317.1

18.718.919.723.837.1

42.847.654.161.571.2

112.7151.7149.5127.5134.2

132.886.388.3

88.399.996.3

112.3101.192.289.090.1

Con-struc-tion

23.7

24.225.227.028.831.5

34.637.739.543.348.4

51.156.162.569.773.6

75.184.993.8

110.6124.7

128.6129.6129,8138.9165.0

185.5207.3217.0

217.0233.4242.2

245.2228.8229.7243.6269.2

Manufacturing

Total

140.3

142.5142.9156.7166.1177.9

196.3215.3220.8241.1254.4

249.6263.0290.4323.4337.3

354.7405.3462.4516.9571.3

584.4652.0649.8690.1780.5

802.9833.1889.0

889.0971.3

1,013.4

1,031.41,028.11,063.61,116.51,197.1

Dura-ble

goods

81.7

82.681.792.198.3

105.9

118.8131.1134.1146.3154.4

146.2154.2172.6195.7202.2

207.0239.9277.6316.9343.5

348.7388.1377.4397.3469.5

477.1487.0514.4

513.3556.6574.9

572.8558.3573.4612.3673.1

Non-durablegoods

58.6

59.961.364.667.872.0

77.584.386.794.8

100.0

103.4108.9117.8127.7135.1

147.7165.4184.7200.0227.8

235.7263.9272.3292.7311.0

325.9346.1374.6

375.7414.7438.5

458.5469.8490.2504.3524.0

Trans-porta-tionand

publicutilities

45.0

47.348.851.954.858.3

62.467.370.576.482.7

88.397.4

108.6119.4130.1

142.6161.6179.5202.5219.2

242.3276.3293.2328.3358.0

376.8394.0420.7

420.7443.6461.1

482.3511.8528.8566.2606.4

Whole-sale

trade

36.1

37.738.841.443.146.4

50.054.457.863.468.5

72.278.087.498.2

111.1

121.5129.2142.3161.0182.4

195.3216.4219.6229.2264.4

280.8293.6306.3

301.0336.5356.4

367.3388.2406.5423.1461.9

Retailtrade

49.1

50.451.755.457.963.5

68.072.778.286.694.2

100.2109.2118.8130.9136.7

152.8172.2190.2215.6234.2

245.9270.4288.1321.9362.2

395.0415.2436.5

435.8459.3490.2

503.5517.4544.3571.1609.9

Finance,insur-ance,andreal

estate

69.0

73.678.182.687.193.0

100.0108.1117.4127.0136.6

146.6163.4176.9193.5209.3

227.1250.4283.7328.1370.6

418.2470.9504.2565.6626.1

691.3761.3830.3

830.7892.4960.6

1,025.21,082.71,148.81,214.01,273.7

Services

48.4

51.655.059.363.469.1

74.782.790.899.4

110.8

120.5130.4144.9163.1179.3

199.1223.9255.5294.6333.2

377.3426.2471.8521.5590.4

651.1712.2785.1

784.6877.8965.5

1,059.41,107.61,200.81,266.11,342.7

Sta-tisti-caldis-

crep-ancy1

-2.1

-3.7-3.3-2.4-3.5-2.1

-1.42.7

.6

-2.2

1.05.13.22.44.5

11.218.917.517.627.8

27.414.6-2.936.5

4.2

1.322.1

-16.6

-16.6-48.6

11.6

16.18.8

43.755.131.3

Gov-ern-ment

64.8

68.973.078.283.990.1

96.3106.9117.9131.2143.3

157.6171.7187.8203.8224.8

249.3271.2293.5319.8348.2

385.5426.5461.9492.4533.8

578.6615.0653.2

653.2694.9739.2

792.5839.5873.6900.2931.3

1 Equals gross domestic product (GDP) measured as the sum of expenditures less gross domestic income.Note.—Data in this table incorporate the results of the comprehensive revision to the national income and product accounts (NIPA)

released in January 1996. See Survey of Current Business, August 1996 for details. Data do not reflect the limited annual NIPA revisions re-leased in August 1996.


312


TABLE B-ll.—Real gross domestic product by industry, 1977-94[Billions of chained (1992) dollars]

Year

Based on1972 SIC:

197719781979

19801981198219831984

198519861987

Based on1987 SIC.

198719881989

19901991 . .199219931994

Grossdomes-

ticproduct

4,279.34,493.74,624.0

4,611.94,724.94,623.64,810.05,138.2

5,329.55,489.95,648.4

5,648.45,862.96,060.4

6,138.76,079.06,244.46,383.86,604.2

Private industries

Agri-cul-ture,for-

estry,and

fishing

60.652.057.3

57.775.678.659.472.9

90.587.287.6

87.680.788.2

101.5100.9112.4103.3115.7

Mining

82.484.673.6

82.081.478.873.782.0

87.183.686.4

86.4104.492.8

96.997.592.290.796.7

Con-struc-tion

213.8221.2227.8

214.7195.4172.8181.0210.1

232.9239.0239.6

239.6248.8251.9

247.5229.0229.7236.1253.1

Manufacturing

Total

796.5836.7865.1

822.8858.6810.2856.8948.3

976.5967.6

1,041.6

1,041.61,110.91,106.0

1,090.11,050.41,063.61,095.31,168.0

Dura-ble

goods

435.2461.8470.6

451.3468.8428.0448.4521.9

534.7527.5566.4

565.1616.1613.1

600.7568.1573.4601.2657.9

Non-durablegoods

361.8374.1395.7

371.5390.6386.3413.8426.1

442.1440.8476.4

477.8494.5492.6

489.3482.2490.2494.1510.2

Trans-porta-tionand

publicutilities

350.3366.4382.4

388.9394.9383.4409.2426.3

428.0425.9458.4

458.4472.7479.9

494.7514.7528.8555.8585.3

Whole-sale

trade

201.1215.6228.3

226.0241.1246.6251.6286.9

298.2333.2322.1

322.9343.9366.4

360.6381.3406.5418.6450.0

Retailtrade

364.5389.9389.1

374.5386.2387.9422.6465.0

496.8526.6510.1

509.2537.6553.4

546.4534.1544.3563.2595.4

Finance,insur-ance,andreal

estate

743.3786.6831.4

863.5878.8876.5900.8945.8

968.9969.8

1,016.0

1,016.51,070.21,102.7

1,109.91,106.61,148.81,159.*1,192.8

Services

712.5759.5787.3

810.8829.9838.1862.8920.8

963.9996.8

1,041.9

1,041.41,099.11,149.5

1,181.71,174.21,200.81,222.11,249.6

Sta-tisti-caldis-

crep-ancy1

36.934.450.3

45.322.2-4.150.05.5

1.727.4

-20.0

-20.0-56.4

13.0

17*9.0

43.753.729.8

Gov-ern-ment

717.4731.5739.4

748.8749.4748.3753.0760.1

777.9795.6810.0

810.0829.0847.7

867.0873.7873.6875.1875.8

Notallo-cated

byindus-try?

-38.0-62.2-74.3

•45.0-45.2-55.2-59.4-24.3

-26.55.3

30.1

31.16.32.0

20.66.1.0

7.0-14.5

'Equals the current-dollar statistical discrepancy deflated by the implicit price deflator for gross domestic product.2 Equals GDP less the statistical discrepancy and the sum of gross product originating of the detailed industries.

Note.—Data in this table incorporate the results of the comprehensive revision to the national income and product accounts (NIPA)released in January 1996. See Survey of Current Business, August 1996 for details. Data do not reflect the limited annual NIPA revisions re-leased in August 1996.


313


TABLE B-12.—Gross domestic product of nonfinancial corporate business, 1959-96[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

199019911992199319941995

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIllIV

1993:1II ...IllIV

1994:1IIIllIV

1995:1IIIllIV

1996- 1IIIll

Grossdomes-

ticproduct

ofnon-

financialcorpo-ratebusi-ness

267.5

278.1285.5311.7331.8358.1393.5431.0453.4500.5543.3

561.4606.4673.3754.5814.6881.2995.3

1,125.41,284.11,429.7

1,553.81,767.31,823.41,950.32,187.52,319.32,416.32,589.62,805.22,950.9

3,084.03,132.13,262.63,437.53,689.43,885.8

3.042.83,103.03,092.73,097.4

3,107.73,119.13,142.03,159.5

3,202.23,236.13,270.53,341.7

3,344.23,407.33,459.73,538.7

3,601.73,663.03,709.53,783.2

3,803.33,841.93,924.83,973.2

4,011.64,081.64,143.1

Con-sump-tionof

fixedcap-ital

26.3

27.227.828.829.831.333.536.740.143.847.5

51.656.362.167.678.794.4

104.5125.8142.1163.7

187.8218.3235.4248.9255.1266.5283.7296.9316.5335.5

352.7366.7376.1390.1412.8424.0

346.4351.6356.0356.9

363.2365.7369.0369.1

368.6371.8387.9376.3

382.8387.5395.8394.2

427.9404.3408.7410.4

415.0421.3426.6433.0

434.8439.9445.5

Net domestic product

Total

241.2250.9257.8282.9302.0326.8360.0394.3413.4456.7495.8

509.8550.1611.2686.8736.0786.8890.8999.7

1,142.01,266.0

1,365.91,549.11,588.01,701.41,932.42,052.82,132.62,292.72,488.72,615.4

2,731.32,765.32,886.53,047.43,276.63,461.8

2,696.42,751.52,736.72,740.5

2,744.52,753.42,773.02,790.4

2,833.62,864.32,882.72,965.4

2,961.33,019.83,063.93,144.4

3,173.93,258.73,300.83,372.9

3,388.33.420.63,498.23,540.2

3,576.83,641.73,697.6

Indi-rectbusi-ness

taxes '

26.0

28.329.532.034.036.639.240.543.149.754.7

58.864.569.276.381.487.495.1

104.1116.4125.4

141.6170.4172.1189.0210.2224.4235.8246.7263.5280.8

296.8318.0337.0356.2379.6400.9

290.5292.6299.7304.3

309.2314.2321.2327.3

330.4331.8337.8348.0

346.9352.9355.9368.9

372.6376.5382.1387.2

394.1401.1401.6406.9

405.3403.0406.6

Domestic income

Total

215.2

222.6228.2250.9267.9290.2320.8353.8370.3407.0441.1

451.0485.6542.1610.5654.6699.5795.6895.6

1,025.51,140.6

1,224.31,378.71,415.91,512.41,722.21,828.41,896.82,046.02,225.32,334.6

2,434.52,447.32,549.52,691.22,896.93,060.9

2,405.92,458.92,437.02,436.2

2,435.32,439.22,451.82,463.1

2,503.12,532.52,544.92,617.4

2,614.42,666.92,708.02,775.5

2,801.32,882.22,918.62,985.7

2,994.23,019.43,096.63,133.3

3,171.53,238.83,290.9

Com-pensa-tionof

employ-ees

171.5

181.2185.3200.1211.1226.7246.5274.0292.3323.2358.8

378.7402.0447.1505.9556.8580.3657.4742.6852.9968.1

1,058.51,171.51,217.01,280.51,421.71,521.91,603.21,715.51,846.71,950.0

2,056.02,090.62,195.32,294.32,434.82,574.9

2,022.02,055.82,074.72,071.4

2,060.02,078.82,101.22,122.2

2,152.82,183.22,209.32,236.1

2,251.42,279.82,308.42,337.6

2,381.82,418.42,445.82,493.3

2,528.52,553.12,590.62,627.6

2,651.32,703.42,744.3

Corporate profits with inventory valuation and capitalconsumption adjustments

Total

40.6

38.038.946.352.058.268.272.569.273.669.1

55.265.575.882.169.590.4

110.7122.4136.3127.4

107.6135.3116.4155.3212.7215.9195.5225.2257.5238.7

231.0223.1250.0297.3364.6384.6

237.5254.2214.7217.7

232.6222.8219.4217.5

240.2243.3234.8281.6

260.5286.9301.1340.6

323.6366.3374.2394.3

364.6364.5405.0404.3

420.3433.8442.8

Profits

Profitsbefore

tax

43.6

40.340.145.049.856.066.271.467.574.070.8

58.167.178.698.6

109.2109.9137.3158.6183.5195.5

181.6181.4133.7157.4191.0167.6151.5214.9260.6237.0

237.3218.1257.8303.7372.5403.0

227.9239.0250.1232.3

213.3215.0220.6223.7

236.3262.6254.4277.9

275.9303.2296.4339.5

346.0364.4378.0401.8

405.1397.9406.0403.2

424.1429.5424.1

Profitstax

liability

20.7

19.219.520.622.824.027.229.527.833.633.3

27.229.933.840.242.241.553.059.967.169.6

67.063.946.359.473.769.975.693.5

101.798.8

95.785.491.1

103.5129.9140.7

90.596.4

101.194.7

83.184.086.887.5

82.493.689.998.4

93.8103.9100.1116.0

121.0126.9130.9140.6

142.2138.5141.3140.6

147.7149.2146.9

Profits after tax

Total

22.9

21.120.724.327.032.139.041.939.740.437.5

31.037.144.858.467.068.484.498.7

116.4125.9

114.6117.587.497.9

117.397.675.9

121.4158.8138.3

141.6132.8166.7200.3242.7262.4

137.3142.7148.9137.7

130.3131.0133.8136.2

153.9169.0164.5179.5

182.1199.3196.3223.4

225.0237.5247.1261.1

262.9259.4264.7262.6

276.4280.3277.1

Divi-dends

10.0

10.610.611.412.613.715.616.817.519.119.1

18.518.520.121.121.724.828.031.536.438.1

45.353.353.364.267.872.373.975.979.4

103.5

118.4124.6133.6152.6161.8175.9

119.5116.5118.1119.5

120.7125.4124.9127.5

124.0129.7134.3146.3

153.4150.1150.8156.3

154.9160.9161.0170.2

172.1176.1174.9180.3

185.6187.9186.2

Undis-tributedprofits

12.9

10.610.113.014.4-18.423.425.122.221.318.4

12.518.724.737.345.243.656.367.280.087.9

69.264.234.233.849.525.42.1

45.579.434.8

23.38.2

33.147.680.986.5

17.826.230.818.2

9.55.68.98.7

29.939.330.233.2

28.749.245.567.2

70.176.786.191.0

90.883.389.782.4

90.892.490.9

Inven-

£ation

adjust-ment

-0.3-.2

!o.1

-L2-2.1-1.6-3.7-5.9

-6.6-4.6-6.6

-20.0-39.5-11.0-14.9-16.6-25.0-41.6

-43.0-25.7-9.9-9.1-5.6

1L4-20.7-29.3-17.5

-13.54.0

-7.5-6.6

-13.3-28.1

-1.37.7

-40.0-20.3

17.66.8

-7.6

-2L9-8.6

.2

-14.6-15.6

7.9-4.0

-3.9-9.8

-16.5-22.8

-51.9-42.3-9.3-8.8

-17.4-11.0

2.0

Capitalcon-

sump-tion

adjust-ment

-2.8

-2.2-1.5

1.32.22.73.33.23.33.34.1

3.63.03.93.6

4'.5-11.7-19.5-22.1-26.6

-30.9-20.4-7.4

7.027.347.832.631.026.319.1

7.21.0

5'.39.7

10.97.44.75.6

1.71.1

l!s3.62.6

-11.03.5

-.7

-135.1

-18.411.712.715.3

11.48.98.49.9

13.615.416.8

Netinter-

est

3.1

3.54.04.54.85.36.17.48.8

10.113.2

17.118.119.222.528.328.727.530.636.345.1

58.271.982.576.687.890.698.1

105.3121.0145.9

147.5133.7104.299.697.5

101.3

146.5148.9147.6147.1

142.7137.6131.1123.3

110.2106.0100.899.7

102.5100.298.597.4

95.997.598.798.0

101.2101.8100.9101.4

100.0101.5103.9

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

314


TABLE B-13.—Output, costs, and profits of nonfinancial corporate business, 1959-96[Quarterly data at seasonally adjusted annual rates]

Year or quarter

1959

1960196119621963196419651966196719681969

1970197119721973 .. .197419751976197719781979

198019811982198319841985 . .1986198719881989

199019911992199319941995

1990:1IIIIIIV

1991-1IIIll .IV

1992 1IIIllIV

1993:1 .III I I . . . .IV

1994:1IIIllIV

1995:1IIIllIV

1996:1IIIII

Gross domesticproduct of

nonfinancialcorporatebusiness

(billions ofdollars)

Currentdollars

267.5

278.1285.5311.7331.8358.1393.5431.0453.4500.5543.3

561.4606.4673.3754.5814.6881.2995.3

1,125.41,284.11,429.7

1,553.81,767.31,823.41,950.32,187.52,319.32,416.32,589.62,805.22,950.9

3,084.03,132.13,262.63,437.53,689.43,885.8

3.042.83,103.03,092.73,097.4

3,107.73,119.13,142.03,159.5

3,202.23,236.13,270.53,341.7

3,344.23,407.33,459.73,538.7

3,601.73,663.03,709.53,783.2

3,803.33,841.93,924.83,973.2

4,011.64,081.64,143.1

Chained(1992)dollars

921.6

947.5967.6

1,046.81,110.71,189.41,283.61,363.11,396.51,488.11,545.6

1,525.51,592.01,717.21,811.41,780.61,744.61,892.22,041.12,165.72,214.2

2,222.22,328.82,298.82,407.82,634.62,748.02,832.42,967.03,122.13,175.4

3,212.53,168.83,262.63,380.03,567.73,692.3

3.208.33,243.03,208.53,190.2

3,164.33,158.43,170.13,182.5

3,216.63,238.13,267.43,328.5

3,302.93,356.73,399.23,461.1

3,503.93,553.03,577.73,636.3

3,634.13,656.13,719.93,759.1

3,779.23,831.03,888.8

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

Totalcostand

profit2

0.290

.294

.295

.298

.299

.301

.307

.316

.325

.336

.351

.368

.381

.392

.416

.457

.505

.526

.551

.593

.646

.699

.759

.793

.810

.830

.844

.853

.873

.898

.929

.960

.9881.0001.0171.0341.052

.948

.957

.964

.971

.982

.988

.991

.993

.996

.9991.0011.004

1.0121.0151.0181.022

1.0281.0311.0371.040

1.0471.0511.0551.057

1.0621.0651.065

Con-sump-tionof

fixedcap-ital

0.028

.029

.029

.027

.027

.026

.026

.027

.029

.029

.031

.034

.035

.036

.037

.044

.054

.055

.062

.066

.074

.085

.094

.102

.103

.097

.097

.100

.100

.101

.106

.110

.116

.115

.115

.116

.115

.108

.108

.111

.112

.115

.116

.116

.116

.115

.115

.119

.113

.116

.115

.116

.114

.122

.114

.114

.113

.114

.115

.115

.115

.115

.115

.115

Indi-rectbusi-ness

taxes3

0.028

.030

.031

.031

.031

.031

.031

.030

.031

.033

.035

.039

.041

.040

.042

.046

.050

.050

.051

.054

.057

.064

.073

.075

.078

.080

.082

.083

.083

.084

.088

.092

.100

.103

.105

.106

.109

.091

.090

.093

.095

.098

.099

.101

.103

.103

.102

.103

.105

.105

.105

.105

.107

.106

.106

.107

.106

.108

.110

.108

.108

.107

.105

.105

Com-pen-

sationof

employ-ees

0.186

.191

.192

.191

.190

.191

.192

.201

.209

.217

.232

.248

.253

.260

.279

.313

.333

.347

.364

.394

.437

.476

.503

.529

.532

.540

.554

.566

.578

.591

.614

.640

.660

.673

.679

.682

.697

!647.649

.651

.658

.663

.667

.669

.674

.676

.672

.682

.679

.679

.675

.680

.681

.684

.686

.696

.698

.696

.699

.702

.706

.706

Corporate profits withinventory valuation and

capital consumptionadjustments

Total

0.044

.040

.040

.044

.047

.049

.053

.053

.050

.049

.045

.036

.041

.044

.045

.039

.052

.059

.060

.063

.058

.048

.058

.051

.064

.081

.079

.069

.076

.082

.075

.072

.070

.077

.088

.102

.104

.074

.078

.067

.068

.074

.071

.069

.068

.075

.075

.072

.085

.079

.085

.089

.098

.092

.103

.105

.108

.100

.100

.109

.108

.111

.113

.114

Profitstax

liability

0.023

.020

.020

.020

.021

.020

.021

.022

.020

.023

.022

.018

.019

.020

.022

.024

.024

.028

.029

.031

.031

.030

.027

.020

.025

.028

.025

.027

.031

.033

.031

.030

.027

.028

.031

.036

.038

.028

.030

.032

.030

.026

.027

.027

.027

.026

.029

.028

.030

.028

.031

.029

.034

.035

.036

.037

.039

.039

.038

.038

.037

.039

.039

.038

Profitsaftertax4

0.022

.020

.020

.025

.026

.029

.032

.032

.030

.027

.023

.018

.022

.025

.023

.015

.031

.031

.032

.026

.018

.031

.030

.040

.053

.053

.042

.044

.050

.044

.042

.043

.049

.057

.066

.066

.046

.049

.035

.039

.047

.044

.042

.041

.049

.046

.044

.055

.050

.055

.059

.065

.058

.067

.068

.070

.061

.062

.071

.070

.072

.074

.076

Netinterest

0.003

.004

.004

.004

.004

.004

.005

.005

.006

.007

.009

.011

.011

.011

.012

.016

.016

.015

.015

.017

.020

.026

.031

.036

.032

.033

.033

.035

.035

.039

.046

.046

.042

.032

.029

.027

.027

.046

.046

.046

.046

.045

.044

.041

.039

.034

.033

.031

.030

.031

.030

.029

.028

.027

.027

.028

.027

.028

.028

.027

.027

.026

.027

.027

'Output is measured by gross domestic product of nonfinancial corporate business in chained (1992) dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two places tothe ten.3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.

Source.- Department of Commerce, Bureau of Economic Analysis.

315


TABLE B-14.—Personal consumption expenditures, 1959-96


Year orquarter

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 .19841985198619871988198919901991199219931994 .19951990:1

IIIllIV

1991:1IIIllIV

1992:1IIIllIV

1993:1IIIllIV

1994:1IIIllIV

1995:1IIIllIV

1996:1IIIll

Personalcon-

sumptionexpendi-

tures

318.13322342.6363.43830411.44443481.9509.5559.8604.76481702.5770.7851.6931.2

102911,148.8127711,428.81,593.51 76041,941.32,076.8228342,492.3270482,892.73,094.5334973;594!83,839.33,975.14,219.84,454.1470094,924.93,759.23.811.83,879.23,907.03,910.73,961.04,001.64,027.14,127.64,183.04,238.94,329.64,367.64,424.84,481.04,543.14,600.94,666.24,738.34,798.24,840.64,910.54,957.94,990.55,060.55,139.45,165.4

Durable goods

Total1

42.743341.846.951656.763.368.370.480.885.985096.9

110.4123.5122.31335158.9181 1201.4213.92135230.5239.3279.8325.1361 1398.7416.74510472.8476.5455.2488.5530.7580.9606.4493.3477.6473.2461.9449.0452.7462.0457.3474.1481.3492.5506.2508.3525.2536.7552.3562.6573.1585.3602.7593.0604.0615.8612.8625.2637.6630.5

Motorvehi-clesand

parts

18.919.717.821.524.426.029.930.330.036.138.435.544.551.156.149.554.871.383593.193.587095.8

102.9126.9152.51757192.4193.12075214.4210.3187.6206.9226.1245.3247.8223.4211.5208.5198.0183.6183.3192.5191.1199.1204.0208.3216.1214.2225.4228.3236.4243.3242.4245.0250.7240.6248.3253.9248.3254.2256.2249.8

Furni-tureand

house-hold

equip-rncnt

18.118.018.319.320.723.225.128.230.032.934.735.737.842.447.951.554.560.267174.082.386.091.392.5

105.3117.21263140.3150.41628173.3176.0178.5189.4205.5226.8241.9178.9176.4175.0173.7175.2179.7180.6178.3184.8186.5190.6195.5198.3202.1207.7213.9216.0223.4230.2237.6237.1239.2244.3247.0248.7255.9255.9

Nondurable goods

Total1

148.5152.9156.6162.8168.2178.7191.6208.8217.1235.7253.2272.0285.5308.0343.1384.5420.6458.2496.9549.9624.0695.5758.2786.8830.3883.6927.6957.2

1,014.01081 11,163.81,245.31,277.6

,1,321.81,368.91,429.71,485.91,220.71,230.21,256.21,274.11,268.31,279.71,283.41,279.01,303.11,308.41,326.31,349.51,354.11,364.11,371.31,386.11,399.71,416.61,443.41,459.01,471.51,486.71,491.21,494.21,522.11,544.71,546.5

Food

80.782384.086.188.393.6

1007109.3112.5122.2131.51438149.7161.4179.6201.82231242.42624289.2324.23554382.8402.6422.9446.34665490.8513.95512588.4630.5650.0660.0685.77157747.2617.6627.5637.1639.7644.0652.9653.2649.8657.3652.3657.9672.3676.5683.0687.9695.5701.4710.7721.1729.5738.4744.6750.9754.9765.8767.9773.3

Cloth-

an'dshoes

26.427027.629.029.832.434.137.439.243.246.547.851.756.462.566.070876.684194.3

101.2107.3117.2120.5130.9142.51521163.1174.41859199.9205.9211.3225.5235.7247.8254.4205.8205.6206.8205.5207.2212.7214.1211.1219.6222.3228.1232.1230.6234.0236.7241.3242.8245.4249.4253.8252.8254.3255.5254.8261.2266.3265.1

Gaso-lineanrlOlIU

oil

11.312012.012.613.013.614816.017.118.620.521923.224.428.136.139743.046950.166.286797.994.193194.697280.185.487196.6

109.2103.9106.6108.1109.9114.6102.8100.4109.6124.1108.4103.6102.1101.4102.3105.8109.4108.9110.6108.0106.6107.1105.9106.4113.4113.9116.2118.3113.1110.8115.9127.0119.8

Fueloil

andcoal

4.0383.83.84.04.14.44.74.84.74.64.44.65.16.37.884

10.111 111.514.415415.814.513.613.913611.311.211411.412.011.310.910.610.110.011.511.312.712.611.910.811.311.010.411.810.610.810.910.610.610.411.39.89.99.39.5

10.49.8

10.311.311.010.6

Services

Total1

127.0136.0144.3153.7163.2176.1189.4204.8222.0243.4265.5291.1320.1352.3384.9424.4475.0531.85990677.4755.68514952.6

1,050.71,173.31,283.6141611,536.81,663.8181761,958.12,117.52,242.32,409.42,554.62,690.32,832.62,045.32.104.12,149.82,171.02,193.52,228.62,256.32,290.72,350.42,393.32,420.12,473.92,505.22,535.42,572.92,604.72,638.62,676.52,709.62,736.62,776.12,819.82,850.92,883.52,913.22,957.12,988.5

Hous-jno2ing

45.048.251.254.758.061.465.469.574.179.786.894.0

102.7112.1122.7134.1147.0161.51795201.7226.6255.2287.9313.2339.0370.6407.1442.2476.65129547.4586.3616.5646.8673.2706.6743.7571.1581.5593.5599.2605.8612.9619.7627.5636.6643.4649.9657.4663.7670.1675.9683.2693.2701.6711.3720.3729.8739.0748.0758.1767.0775.2783.3

Householdoperation

Total1

18.720321.222.423.625.026.528.230.232.335.137.841.045.349.855.563772.481991.2

100.01130126.0141.4155.9168.01803186.9194.92066219.8226.3237.6248.2268.52789294.2219.1227.0229.6229.6230.7239.9240.5239.3241.5248.8243.6259.0260.8264.2273.6275.5270.4282.5281.6281.2286.3293.7298.7298.1302.1310.4309.2

Elec-tricityandgas

7.68.38.89.49.9

10.410.911.512.213.014.015.216.618.420.023.528.532.537642.146.856.363.472.680.784.788.887.288.994198.898.7

104.9106.6115.9115.6118.093.599.5

101.0100.9101.6108.1106.1104.0102.1106.2106.6111.4113.2113.3118.6118.5117.3119.2114.4111.6113.6118.2121.7118.4120.8124.7122.3

Trans-porta-tion

10.511211.712.212713.414.515.917.318.920.923727.129.831.233.335741.349253.559.164768.770.979.490.0

1000107.3118.21305137!8143.7145.3158.1169.6181.3192.5141.5143.2144.2145.8143.0143.9145.9148.5154.9156.9156.0164.5166.7168.4170.0173.4176.5180.6183.2185.0187.1191.6194.2196.9198.5202.4206.4

Medi-cal

care

16.417618.720.822625.828030.733.939.244.750456.963.871.680.6935

106.71230140.0158.018122110239.42678294.13218346.1381.14287477il537.7586.5646.6697.47391784.2514.2530.6547.2558.8568.2578.6591.3607.7624.2640.6655.0666.8681.9691.9702.9712.7722.4732.9743.6757.5771.0779.5787.8798.5800.4811.2818.9

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Source-. Department of Commerce, Bureau of Economic Analysis.

316


TABLE B-15.—Real personal consumption expenditures, 1959-96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

I II l lIV

1991:1I II l lIV

1992:1I II l lIV

1993:1IIIllIV

1994:1I IIllIV

1995:1I II l lIV

1996:1III I I

Personalcon-

sumptionexpendi-

tures

1,394.61,432.61,461.51,533.81,596.61,692.31 79911,902.0195862',070:22,147.52,197.82,279.52,415.9253262^514.72,570.02,714.32,829.82,951.63,020.23,009.73,046.43,081.53,240.63,407.63,566.53,708.7382233i972.74,064.64,132.24,105.84,219.84,339.54,473.24,577.84,128.94,134.74,148.54,116.44,084.54,110.04,119.54,109.14,173.84,196.44,226.74,282.34,289.74,318.84,359.54,390.04,420.54,458.74,489.44,524.04,534.84,569.94,597.34,609.44,649.14,687.64,693.5

Durable goods

Total1

103.1105.2101.2113.0124.0135.51526165.51681186.6193.3187.0205.7231.92558238.2238.1268.5293.4308.8307.3282.6285.8285.5327.43749411.4448.44549483.5496.2493.3462.0488.5524.1562.0579.8511.2495.4490.4476.3458.6460.5467.3461.5476.1481.1491.9505.0506.0519.6528.9541.9549.6555.4563.1579.8566.5576.2589.1587.5599.2615.6611.6

Motorvehi-clesand

parts

53.556.851.260.868.472.484085.583697.2

101.291.2

108.7124.31357112.5113.2136.8151.5158.0147.4127.5130.5133.9160.5187.7211.2224.82162229.4230.3224.3193.2206.9218.6228.2221.1237.6226.4223.1210.0191.4189.6197.2194.6201.7204.5207.4213.9210.8219.0

* 219.1225.3230.3226.6226.5229.4216.3220.9226.4220.6224.2225.9220.0

Furni-tureand

house-hold

equip-ment

31.731.331.933.936.441.144950.753156.558.058.660.967.574875.673.978.885.590.595.493.593.591.3

103.5115.5125.3140.61499160.8170.9173.5177.0189.4208.4230.1251.1176.0173.9172.5171.5173.0177.7179.2178.0183.7186.0191.3196.4200.7205.0211.0216.8219.0226.1232.6242.6243.1247.1254.1259.9264.1276.0279.0

Nondurable goods

Total1

606.3615.4626.7646.5660.0692,57293769.27814816.9838.6859.1874.5912.99429924.5938.3984.8

1,010.41,045.71,069.71,065.11,074.31,080.61,112.41,151.81,178.31,215.9123931,274.41,303.51,316.11,302.91,321.81,348.81,390.51,421.91,319.21,316.91,319.81,308.41,300.61,308.01,307.11,295.71,314.41,312.01,321.11,339.81,336.91,344.51,354.01,359.91,372.91,383.91,397.01,408.11,416.61,422.91,424.71,423.21,436.11,440.91,442.2

Food

355.9358.7362.7367.3371.4386.34079424.74302450.9462.5477.2481.6496.84984490.6502.6529.4541.2545.7555.1558.7557.9565.1579.7589.9602.2614.06208641.6650.1662.9659.6660.0674.3689.1702.1659.0664.2665.5662.9658.7661.5661.6656.5661.0653.9656.4668.6670.5672.9675.7677.9682.3688.6690.5694.9700.5701.3703.6703.0709.2704.9701.6

Cloth-ingon/4dllu

shoes

68.669.370.673.775.181.084390.090594.396.094.899.4

106.11135111.9115.7121.2127.8139.9145.8148.1156.0157.1167.3179.9186.5199.92054210.0220.7217.9215.9225.5233.3247.2257.2221.5217.3217.6215.1214.0218.9217.5213.1220.4223.2227.7230.9227.4232.3235.0238.6241.1243.3249.0255.5254.6257.9258.8257.3262.5268.9271.0

Gaso-lineandoil

46.948.549.051.152.755.558261.863868.272.877.381.184.488884.486.990.493.295.394.088.689.991.093.095.997.8

102.51053106.5108.1107.3103.4106.6109.1110.4113.3109.3107.5107.4104.9103.3104.0103.8102.5104.8106.1108.2107.3108.2108.0110.9109.3108.8109.5111.6111.6113.4113.6112.5113.7112.6114.3113.4

Fueloilonridill)

coal

26.725.624.424.325.526.527728.528627.025.623.823.025.327521.721.323.923.123.021.316.513.812.812.91?813.013.413013.212.611.210.810.910.710.310.310.711.812.39.9

10.410.811.410.610.511.910.510.710.910.610.710.611.410.010.29.69.9

10.610.010.710.710.110.1

Services

Total1

687.4717.4746.5783.4818.7868.49146961.0

100761,059.61,110.81,155.41,197.91,262.5131941,351.21,398.31,457.11,518.21,589.31,639.81,670.71,696.11,728.21,809.01,883.01,977.32,041.4212692,212.42,262.32,321.32,341.02,409.42,466.72,521.42,577.02,295.72,321.12,337.32,331.22,325.32,341.52,345.02,352.02,383.22,403.22,413.62,437.62,446.82,454.92,476.72,488.52,498.52,519.92,530.02,537.32,552.52,571.62,584.62,599.32,614.72,632.32,640.6

Hous-inn 2ing

195.4205.6215.3227.4237.9249.02626274.62868300.9316.8329.3343.5361.53794399.1410.6422.9433.3454.5472.7486.6497.8500.9511.8531.8551.1565.55834600.9614.6627.2635.2646.8655.0668.2681.7623.4626.3628.5630.6631.6634.1636.4638.6642.6645.5648.5650.6652.2653.5655.9658.5662.1666.1670.7674.1677.4680.0683.2686.3689.0691.6693.9

Householdoperation

Total1

79.783.586.590.794.699.2

1042109.81153119.9125.9130.2132.2138.91460147.5154.6161.4170.3178.6183.3187.4185.9187.0193.0197.7205.6209.82194229.2237.6240.1243.4248.2261.2266.0276.8233.7241.3243.7241.9238.2246.9246.1242.5243.6249.9243.3256.1257.0258.0264.9265.0258.8269.8268.1267.2270.1277.2280.8278.9280.8285.6282.2

Elec-tricity

andgas

36.938.940.943.745.848.350653.456459.462.765.467.270.872873.777.880.584.487.688.390.789.490.393.093.696.195.1984

103.4105.6103.7107.0106.6112.4111.5113.698.6

104.8106.2105.3103.5110.9108.5105.1103.2106.8106.6109.7111.6110.0114.1113.7112.9115.2110.4107.6109,4114.3117.2113.4115.4117.9114.4

Trans-porta-tion

55.156.957.559.762.165.468472.77 7 281.986.589.192.398.1

1006101.1103.0107.3114.8118.0121.7115.6111.7109.9117.0128.6140.6145.71510159.0160.8159.9152.3158.1162.6171.3177.0161.7160.9159.7157.3152.6152.1151.8152.6155.4156.7160.5159.6160.6161.5162.8165.7168.2170.3172.1174.5175.6175.9176.4180.0182.5183.3185.2

Medi-cal

care

132.7136.7141.7153.3162.7180.51889197.62048220.8237.2250.8268.3286.4307.6320.2337.3353.5371.2385.7401.1415.5436.4442.2459.74724490.7510.3537.3561.3575.8602.8621.6646.6658.8668.8684.1591.9600.7608.0610.6614.3617.9623.3630.8638.2645.9650.3652.2656.6

.657.5659.7661.4663.2667.6670.4674.2677.8681.3686.0691.2691.1696.1699.7

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.

317


TABLE B-16.—Private gross fixed investment by type, 1959-96

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

Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1 ....

II ...Ill ..IV ..

1991:1 ....II ...lit ..IV ..

1992:1 ....II ...Ill ..IV ..

1993:1 ....II ...Ill ..IV ..

1994:1 ....II ...Ill ..IV ..

1995:1 ....II ...I I I . .IV ..

1996:1 ....II ...Ill ..

.Private

fixedinvest-

74.675.575.081.887.796.7

108.3116.7117.6130.8145.5148.1167.5195.7225.4231.5231.7269.6333.5403.6464.0

473.5528.1515.6552.0648.1688.9712.9722.9763.1797.5791.6738.5783.4850.5954.9

1,028.2

813.9794.0791.2767.5739.7736.2738.6739.5755.4780.5788.1809.7

823.8834.3851.8892.3917.4942.0968.9991.4

1,013.91,016.31,036.61,046.2

1,070.71,088.01,119.6

Nonresidential

Totalnon-

dential

46.549.248.652.855.662.474.184.485.292.1

102.9106.7111.7126.1150.0165.6169.0187.2223.2272.0323.0

350.3405.4409.9399.4468.3502.0494.8495.4530.6566.2575.9547.3557.9598.8667.2738.5581.2571.6580.3570.6555.4550.2544.3539.2544.1556.8561.0569.6

580.3591.1599.2624.6

638.8653.5678.5697.9

723.6734.4746.3749.7

769.0773.8807.0

Structures

Total >

18.119.619.720.821.223.728.331.331.533.637.740.342.747.255.061.261.465.974.691.4

114.9133.9164.6175.0152.7176.0193.3175.8172.1181.3192.3200.8181.7169.2171.8180.2199.7201.9202.4203.5195.4192.3187.6176.1170.8171.6170.4167.6167.1170.2169.7171.4175.8171.8179.1181.0188.8194.5197.6202.5204.0208.4207.4213.5

Non-resi-

dentialbuildingsincluding

farm

10.612.012.713.713.915.819.521.320.621.124.425.427.130.135.538.335.635.939.949.765.773.786.394.590.5

110.0128.0123.3126.0133.3142.7148.9126.1113.2116.6126.2142.0150.8151.2151.4142.1136.4130.9121.4115.7117.2114.0110.6111.0113.6113.8117.1121.8118.7125.3126.4134.4137.9140.3144.0145.8147.3146.2151.1

Utili-ties

4.95.04.64.65.05.46.17.17.89.29.6

11.111.913.115.016.517.120.021.524.127.530.233.032.528.730.030.631.226.527.129.427.531.634.532.033.738.527.027.027.528.430.031.332.333.034.334.834.734.232.831.931.731.732.333.034.235.236.337.939.740.240.941.541.3

Min ingexplo-ration,shafts,

andwells

2.52.32.32.52.32.42.42.52.42.62.82.82.73.13.55.27.48.6

11.515.419.027.442.544.830.031.327.915.713.115.714.417.517.113.315.613.512.016.817.617.618.119.418.915.215.012.813.313.313.815.816.015.515.114.414.113.012.413.211.511.911.413.914.115.0

Producers' durable equipment

Total1

28.329.728.932.134.438.745.853.053.758.565.266.469.178.995.1

104.3107.6121.2148.7180.6208.1216.4240.9234.9246.7292.3308.7319.0323.3349.3373.9375.1365.6388.7427.0487.0538.8379.3369.2376.7375.1363.1362.6368.2368.4

372.5386.3393.4402.5

410.1421.3427.7448.8

467.0474.4497.5509.1529.0536.8543.8545.7

560.6566.3593.5

Information processingand related equipment

Total

4.04.75.15.46.16.87.89.6

10.010.612.914.314.916.519.822.923.527.233.141.849.958.969.572.782.098.6

104.2108.8109.8118.2127.1124.2122.6134.2141.8160.4183.2127.8123.9121.5123.4119.3121.6123.5125.9129.2133.0137.7136.8136.8137.9144.5148.0152.5157.7161.6169.9174.6183.3183.1191.8198.2200.8212.2

Comput-ers andperiph-

eralequip-ment2

0.0.2.3.3.7.9

1.21.71.91.92.42.72.83.53.53.93.64.45.77.6

10.212.517.118.923.931.633.733.435.838.143.338.938.143.948.754.563.641.338.936.838.636.737.237.840.741.944.444.644.947.246.849.751.252.153.754.457.758.462.863.369.773.774.279.3

Other

4.04.54.85.15.35.86.67.98.18.6

10.411.612.113.116.319.019.922.827.534.239.846.452.353.958.167.070.575.474.080.183.885.284.590.293.0

106.0119.686.585.084.784.782.784.585.685.287.388.693.191.989.691.094.896.8

100.4104.0107.2112.2116.2120.6119.7122.0124.5126.6132.9

Indus-trialu idi

equip-merit

8.49.38.79.2

10.011.413.616.116.817.218.920.219.421.325.930.531.133.939.247.455.860.465.262.258.267.471.774.675.982.991.589.886.489.397.6

109.7124.5

91.788.990.388.187.886.486.385.286.287.790.592.894.395.697.8

102.8105.4107.6111.3114.6120.4126.9125.8124.9127.9131.2128.7

Trans-porta-tionand

relatedequip-ment

8.38.58.09.89.4

10.613.214.514.317.618.916.218.421.826.626.325.230.039.347.353.648.450.646.853.764.869.771.870.476.071.275.579.586.299.2

117.1124.9

74.071.478.578.378.177.381.980.679.587.885,591.994.0

100.997.0

105.1113.0110.5122.9122.1127.2121.0128.4123.0125.3123.7137.7

Resi-den-tial

28.126.326.429.032.134.334.232.332.438.742.641.455.869.775.366.062.782.5

110.3131.6141.0123.2122.6105.7152.5179.8186.9218.1227.6232.5231.3215.7191.2225.6251.7287.7289.8232.7222.4210.9196.9184.3185.9194.3200.3

211.3223.7227.1240.1243.5243.2252.6267.7

278.5288.5290.4293.5290.4281.9290.3296.5301.7314.2312.6

1 Includes other items, not shown separately.2 Includes new computers and peripheral equipment only.Source: Department of Commerce, Bureau of Economic Analysis.

318


TABLE B-17.—Real private gross fixed investment by type, 1959-96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1 ....

II ...Ill ..IV ..

1991:1 ....II ...Ill ..IV ..

1992:1 ....II ...Ill ..IV ..

1993:1 ....II ...Ill ..IV ..

1994:1 ....I I . . .Ill ..IV ..

1995:1 ....II ...Ill ..I V . .

1996:1 ....I I . . .Ill ..

Priuatprl IVdlcfixed

invest-

267.1269.22679292.0313.7343.7378.5399.13910418.1442.9432.1464.9520.3567.5530.2471.0517.6593.7660.8695.6648.4660.6610.4654.2762.4799.3805.0799.4818.3832.0805.8741.3783.4836.4921.1975.9834.7811.2803.1774.4

742.6739.4741.0742.0758.3782.4787.3805.8815.4821.1835.4873.5

892.4911.4930.8949.7

969.5965.7980.0988.5

1,013.31,031.11,057.5

Nonresidential

Totalnon-

dential

147.7155.91545168.0176.4197.12313259.42553266.4285.6

282.8282.4307.7352.5354.4317.3332.6371.8422.6463.3461.1485.7464.3456.4535.4568.4548.5542.4566.0588.8585.2547.7557.9593.6652.1714.3595.3583.4588.1573.9555.1550.9545.3539.5544.4557.5560.6569.1577.5586.4593.1617.6628.5639.5660.5679.7

704.4710.5719.0723.3

743.5750.5781.4

Structures

Total1

85.892.693998.199.2

109.51269135.61322134.1141.3141.7139.4143.7155.4152.2136.2139.6146.4162.3182.7195.0210.4207.2185.7212.2227.8203.3195.9196.8201.2203.3181.6169.2166.3168.8181.1206.5205.5205.2196.0192.2187.2175.5171.4172.7171.0167.4165.6167.0164.8165.1168.2163.0169.0169.1174.3178.5180.0182.8183.2186.6184.9188.6

Non-resi-

dentialbuildingsincluding

farm

52.459.963367467.575.089494.288786^292.791.189.491.8

100.397.682.580.683.695.3

113.5114.4122.8126.6117.6137.6155.2144.5142.4145.3150.2152.0126.9113.2112.8117.7127.9155.4154.7153.8143.8137.6131.7121.7116.4118.1114.4110.4109.8111.4110.6112.7116.3112.4117.8117.4123.3125.4126.8129.2130.3131.4129.7133.0

Utili-ties

20.220.418919.020.422.224.427.829833.333.435.736.137.640.037.634.438.038.240.041.341.242.039.534.235.435.636.530.730.030.928.132.034.531.131.735.127.727.628.128.930.431.732.633.334.634.834.633.932.431.030.730.530.731.232.132.733.734.835.836.036.436.836.4

Miningexplo-ration,shafts,

andwells

11.010.310511.010.411.111.010.499

10.010.49.89.19.7

10.412.314.415.618.020.021.330.034.932.226.730.327.015.815.515.813.916.115.713.314.812.611.215.816.316.116.317.317.014.014.412.713.313.413.715.215.214.614.213.413.312.211.512.510.711.010.512.812.913.5

Producers' durable equipment

Total1

71.474.372581.087.198.1

1159133.81325140.5152.2149.5150.7169.8201.2205.4183.9195.2225.6259.6280.7

268.2278.2260.3272.4324.6342.4345.9346.9369.2387.6381.9366.2388.7427.6484.1534.5388.8377.8383.0377.9362.9363.8369.8368.1371.7386.4393.1403.5410.5421.7428.2449.8

466.4471.1492.5506.5

527.2531.7537.4541.4558.3567.5595.0

Information processingand related equipment

Total

2.53.0323i4.14.6557.175s!o9.7

10.711.412.915.417.516.919.424.131.738.645.452.554.563.479.888.094.197.5

106.6116.2116.2117.8134.2147.1170.4201.1119.2116.1113.8115.7112.5116.2119.7122.5126.7132.4138.6138.9139.5142.2150.7156.0161.2166.6171.6182.4189.1199.7201.4214.4225.5234.1250.5

Comput-ers andperiph-

eralequip-ment2

o.'i'.1.1.2.2.2.2.3.5

1.01.52.43.84.77.1

11.614.516.721.024.029.429.432.443.956.269.391.530.629.327.929.929.230.833.236.639.243.445.747.551.152.958.362.564.567.169.376.380.288.291.9

105.6117.2126.3138.9

Other

9.811.111812.513.014.116.018.918919.522.824.524.726.031.734.833.336.643.852.459.564.968.567.070.479.081.984.680.285.788.188.285.990.291.5

102.6114.289.888.287.687.184.386.287.186.287.788.992.891.588.689.693.194.697.8

100.8103.6108.3111.5115.1114.0116.2118.1119.7125.5

Indus-triallildl

equip-ment

38.841.939741.845.151.060.269.269568.172.673.767.773.086.292.878.679.083.693.099.895.594.185.578.589.994.193.591.195.3

101.595.088.389.396.3

105.9116.298.694.895.191.489.788.788.486.486.888.189.892.693.794.496.3

100.7102.8104.3107.0109.4114.2118.4116.6115.4117.8120.6118.0

Trans-porta-

tionand

relatedequip-ment

28.028.827033:432.136.345550.148458.260.549.753.662.375.067.958.465.079.187.391.074.272.063.771.785.188.485.682.187.178.981.281.786.297.5

111.7118.180.377.484.382.881.279.983.981.679.987.985.491.593.099.595.0

102.7109.0105.3115.8116.6121.9114.9120.3115.4117.5114.9126.5

Resi-den-tial

131.1121.81222133.9149.6158.31537140.01356154.0158.6149.1190.0223.7222.3176.4153.5189.7229.8245.0236.0

186.1171.2140.1197.6226.4229.5257.0257.6252.5243.2

220.6193.4225.6242.7268.9262.8239.4227.8214.9200.3187.4188.3195.6202.4

213.9224.9226.7236.7

237.9234.8242.2255.8

263.6271.6270.3270.3

265.9256.5262.2266.3

271.1281.5277.8

1 Includes other items, not shown separately.2 Includes new computers and peripheral equipment only.Source: Department of Commerce, Bureau of Economic Analysis.

319


TABLE B-18.—Government consumption expenditures and gross investment by type, 1959-96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1 ....

II ...Ill ..IV ..

1991:1 ....II ...Ill ..IV ..

1992:1 ....II ...Ill ..IV ..

1993:1 ....II ...Ill ..IV ..

1994:1 ....II ...Ill ..IV ..

1995:1 ....II ...Ill ..IV ..

1996:1 ....II ...Ill ..

Government consumption expenditures and gross investment

TntflllU ld l

112.0113.2120.9131.4137.7144.4153.0173.6194.6212.1223.8236.1249.9268.9287.6323.2362.6385.9416.9457.9507.1572.8633.4684.8735.7796.6875.0938.5992.8

1,032.01,095.11,176.11,225.91,263.81,290.41,314.71,358.31,153.01,164.31,176.91,210.41,220.61,227.41,226.51,229.21,247.91,256.41,270.71,280.01,279.31,285.11,294.11,303.21,296.41,300.81,328.21,333.51,345.81,359.41,364.61,363.41,383.71,408.81,414.8

Federal

Total

67.265.669.176.578.179.481.894.1

106.6113.8115.8115.9117.1125.1128.2139.9154.5162.7178.4194.4215.0248.4284.1313.2344.5372.6410.1435.2455.7457.3477.2503.6522.6528.0522.6516.4516.6496.4500.1501.2516.7525.6528.2520.9515.5521.8523.2532.0535.0525.5520.1521.3523.5511.3509.4523.8520.9519.7522.0516.8507.7518.6529.6525.5

National defense

TntallOldl

55.754.957.762.362.261.362.073.485.592.092.490.688.793.294.7

101.9110.9116.1125.8135.6151.2174.2202.0230.9255.0282.7312.4332.4350.4354.0360.6373.1383.5375.8362.7352.0345.5369.7370.6368.9383.3389.7389.3382.1373.0372.8374.1380.9375.3365.7362.7361.2361.3346.7349.3362.3349.7347.6351.7345.7337.1343.9353.7348.8

Pnn.\A1H~

sump-110 II

expend-itures

42.042.543.947.849.649.952.061.271.378.980.078.679.282.383.790.197.0

101.3109.6118.4130.7150.9174.3197.6214.9236.3257.6272.7287.6297.9303.3312.7325.4319.7313.5305.8302.3311.7310.8307.3321.0331.3328.6323.1318.5317.2317.3323.5320.7314.4312.6315.1312.0301.3303.4313.5305.0302.8304.8301.4300.1298.7307.4304.7

Pinvestment

Struc-tures

2.52.22.42.01.61.31.11.31.21.21.51.31.81.82.12.22.32.12.42.52.53.23.24.04.84.96.26.87.77.46.46.14.65.24.84.95.36.36.36.45.34.84.84.54.55.25.54.85.54.74.74.94.74.84.75.14.95.74.95.55.35.05.15.1

Equip-ment

11.210.111.512.511.010.28.9

11.013.011.810.910.77.79.18.99.7

11.612.613.814.618.020.124.529.435.441.548.552.955.148.751.054.353.550.944.441.437.951.753.555.257.053.655.954.550.050.451.452.749.146.645.541.144.640.741.343.839.839.142.138.831.740.141.239.0

Nondefense

TntalI UUH

11.510.811.414.215.918.119.720.721.021.823.425.328.331.933.538.043.646.652.658.963.874.282.282.389.489.997.7

102.9105.3103.3116.7130.4139.1152.2159.9164.3171.0126.7129.5132.3133.3136.0138.9138.8142.6149.0149.1151.1159.7159.8157.4160.1162.2164.6160.0161.5171.2172.1170.3171.1170.6174.7175.8176.7

Con-sump-

tinnUOIIexpend-

itures

9.98.89.0

11.312.414.015.115.917.018.220.021.924.627.829.233.238.040.445.750.455.264.371.772.378.277.984.989.790.789.9

101.9113.9120.6131.4138.4144.9151.5110.0112.9115.9116.7119.3120.5120.6122.0128.5129.1130.9137.0136.9135.9138.4142.3145.4141.7142.2150.4151.8150.8152.2151.3154.9156.1156.6

«investment

Struc-tures

1.51.71.92.12.32.52.82.82.22.11.92.12.52.73.13.44.14.65.06.16.37.17.76.86.77.07.38.09.06.86.98.09.2

10.311.210.510.18.28.18.17.67.79.19.1

10.810.310.29.6

11.011.710.811.311.010.69.9

10.011.511.010.29.39.99.7

10.09.6

Equip-ment

0.20.30.50.81.11.61.82.01.81.61.51.31.31.31.21.41.41.61.92.32.42.92.83.24.55.05.45.25.66.67.98.69.3

10.510.38.99.48.58.48.39.19.09.39.19.8

10.19.9

10.511.611.210.710.58.98.58.49.49.49.39.39.69.4

10.19.7

10.5

State and local

Total

44.847.651.855.059.665.071.279.588.198.3

108.0120.2132.8143.8159.4183.3208.1223.1238.5263.4292.0324.4349.2371.6391.2424.0464.9503.3537.2574.7617.9672.6703.4735.8767.8798.4841.7656.6664.2675.7693.7695.0699.2705.5713.6726.1733.2738.7745.1753.8765.0772.7779.7785.0791.4804.4812.6826.1837.3847.7855.7865.1879.2889.3

vUll-

tioncxpciiu-

itures

30.933.736.739.142.246.050.556.562.970.879.891.6

102.9113.4126.4144.0164.9179.7196.1214.5235.9261.3285.3307.9326.2350.8382.6412.7441.1471.3507.2550.1579.4603.6627.9651.7682.6535.3543.9554.0567.3572.1576.9581.5587.3592.6600.8607.4613.6620.8626.0630.8634.1642.4647.3655.4661.9672.1680.1686.2691.9701.3710.2719.3

Grossinvestment

CtrnroliUl*tures

12.812.713.814.516.017.219.021.023.025.225.625.827.027.129.134.738.138.136.942.849.055.155.454.254.260.567.674.278.884.888.798.5

100.5108.1113.9119.0130.097.796.597.6

102.499.399.0

100.8102.9109.9108.6107.1106.9107.7113.3115.7119.1115.5116.7121.1122.7125.5128.3132.3134.0133.8138.7139.4

tv]Ulp-ment

1.11.21.21.31.51.71.82.02.22.32.62.82.93.33.84.65.15.35.46.17.18.18.59.4

10.812.714.816.417.218.621.923.923.424.025.927.729.123.623.924.124.123.723.323.223.423.623.824.224.625.325.726.226.527.127.527.928.128.528.929.329.730.030.330.6


320


TABLE B-19-—Real government consumption expenditures and gross investment by type, 1959-96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

II ...Ill ...IV. . .

1991:1II ....Ill ...IV. . .

1992:1II ...Ill ...IV...

1993:1II ...Ill ...IV...

1994:1II ...Ill ...IV...

1995:1II ...Ill ...IV...

1996:1II ...Ill ...

Government consumption expenditures and gross investment

Total

618.5617.2647.2686.0701.9715.9737.6804.6865.6892.4887.5

866.8851.0854.1848.4862.9876.3876.8884.7910.6924.9941.4947.7960.1987.3

1,018.41,080.11,135.01,165.91,180.91,213.91,250.41,258.01,263.81,261.01,260.01,260.21,246.51,248.21,246.81,259.91,262.61,263.81,255.11,250.7

1,258.51,257.51,266.51,272.51,257.71,258.41,261.61,266.2

1,252.41,249.81,271.21,266.6

1,262.71,265.11,263.41,249.61,254.71,278.21,276.1

Federal

Total

360.5349.4363.0393.2391.8385.2385.2429.1471.7476.3459.9

427.2397.0390.2371.1368.8367.9364.3370.1377.7383.3

399.3415.9429.4452.7463.7495.6518.4534.4524.6531.5541.9539.4528.0509.2489.8472.3542.9543.0538.2543.5547.3547.1536.3526.9525.1523.3529.6534.0516.1509.7505.9505.0

489.9483.3496.7489.2

481.0479.4472.5456.2

462.9473.4469.3

National defense

Total

307.6

301.3313.8332.4324.0309.9303.8348.2393.5400.9381.6349.0313.7300.3281.2273.5269.7264.7266.4266.7271.0280.7296.0316.5334.6348.1374.1393.4409.2405.5401.6401.5397.5375.8355.4337.0319.6404.1402.8396.1403.1408.4405.0395.0381.7374.2373.3378.7376.8361.6356.9351.6351.2334.8335.5346.2331.3325.0325.5319.1308.8

311.9319.4314.9

-sump-tion

expend-itures

259.3

260.8265.8284.2287.9279.3281.1318.9360.2376.7361.6330.1304.6285.3265.5256.5248.9242.5243.7244.7245.9

254.0266.4282.0293.3301.3318.2331.1341.1345.3340.9338.9338.7319.7307.4293.6280.1343.6340.0332.4339.7

348.9343.8335.2326.7

318.3316.5321.2322.6310.9307.5307.0303.9

291.7292.7300.4289.7

283.7282.8278.9275.1271.6279.6276.5

-investment

Struc-tures

15.513.714.612.19.97.56.77.06.46.36.85.57.06.36.45.95.75.05.15.14.35.04.85.66.66.47.98.69.28.56.96.44.75.24.44.34.66.76.76.75.6'4.94.94.54.65.25.54.85.44.54.44.44.24.24.14.44.24.94.24.74.54.34.34.2

Equip-ment

28.425.629.030.926.424.421.025.829.926.123.121.714.617.517.117.920.421.522.021.524.525.528.332.037.041.748.653.758.451.953.856.154.150.943.639.135.053.956.056.957.754.656.355.350.450.751.352.748.946.244.940.243.239.038.641.437.536.438.635.629.236.035.634.3

Nondefense

Total

58.854.155.566.872.979.284.685.784.782.584.383.086.391.991.596.499.1

100.4104.3111.4112.7119.0120.4113.3118.5115.9121.8125.2125.3119.1130.1140.5142.0152.2153.8152.6152.3138.9140.4142.2140.5139.0142.2141.4145.3150.8150.0150.9157.1154.4152.7154.2153.7154.9147.8150.4157.5155.6153.5153.1147.0150.6153.7153.9

Con-sump-

expend-itures

53.947.146.556.460.464.567.768.471.571.475.174.677.583.082.387.389.990.293.598.1

100.4106.0107.9102.3105.9102.3107.4110.6109.2104.8114.8123.8123.6131.4132.4133.5133.5122.0123.7125.7124.0122.4123.8123.2124.7130.4129.9130.7134.5131.7131.4132.6134.0135.8129.6131.4137.1135.8134.7134.8128.6131.6134.7134.4

Grossinvestment

Struc-tures

7.28.19.0

10.110.911.712.412.39.38.37.17.17.98.18.78.58.99.59.8

11.310.610.710.58.68.48.78.99.4

10.37.67.48.39.3

10.311.010.09.38.58.48.47.77.99.29.1

10.910.410.29.6

10.911.510.611.010.610.39.59.5

10.810.39.48.58.98.89.08.5

Equip-ment

0.4.6

1.01.41.92.53.23.43.02.52.21.91.81.81.61.81.71.92.12.72.63.12.93.24.75.25.75.45.96.87.98.59.2

10.510.49.09.58.58.38.28.98.89.29.09.7

10.19.8

10.511.711.310.810.69.08.68.59.49.59.49.49.79.5

10.29.9

11.0

State and local

Total

256.8267.2283.8292.1309.7330.9353.2375.9394.2416.5428.0

440.0454.4464.5478.5495.6510.0514.3516.4534.7543.5

543.6532.8531.4534.9555.0584.7616.9631.8656.6682.6708.6718.7735.8751.8770.5788.6703.8705.4708.7716.5715.5716.8718.8723.8733.5734.2736.9738.5741.6748.8755.7761.3762.7766.8774.7777.7

782.2786.3791.5794.4

792.6805.5807.7

fanWJH-

sump-tion

itures

191.6201.8213.0218.7229.5244.9261.1277.7289.8307.5324.4

344.1362.1376.0389.9406.8423.1429.5437.6448.1452.3451.7450.3455.6458.2467.9487.8513.3525.5545.3566.3583.2593.8603.6614.6629.0639.1578.1581.6585.0588.2590.9593.5594.2596.7

599.0601.7605.9607.9610.3612.4616.6619.1624.0626.9631.2633.7

636.1637.9640.5642.1640.9649.7652.4

Grossinvestment

Struc-tures

59.960.065.067.172.777.583.088.293.998.192.986.083.178.978.378.177.476.171.378.181.481.373.367.066.373.880.985.987.891.693.5

100.7101.3108.1111.5114.4121.1101.0

99.099.0

103.7100.6

99.7101.2103.7110.8108.8106.8106.1106.2110.9113.2115.9112.0113.0116.2116.5118.2120.2122.5123.4122.5126.3125.5

ment

3.13.43.53.84.34.85.15.65.86.16.56.76.87.68.59.39.08.88.69.09.7

10.310.110.712.114.216.418.018.820.023.024.723.624.025.727.128.424.624.824.824.623.923.723.523.423.623.824.224.625.125.526.026.326.726.927.227.627.928.228.528.929.229.529.9


321


TABLE B—20.—Inventories and final sales of domestic business, 1959—96

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

Quarter

Fourth quarter:1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989

1990:1III I IIV

1991-1I IIllIV

1992:1I II l lIV .. .

1993:1I II l lIV

1994:1I II I IIV

1995-1III l lIV

1996-1I IIll

Inventories '

Total2

131.0134.7138.0145.8148.3154.0168.8186.2198.4214.1233.7

242.0261.2289.7345.8398.6410.6443.4494.2581.9676.8737.5783.1768.4787.8860.7875.3862.7927.5992.8

1,044.61,051.91,062.71,087.11,082.41,072.31,056.51,053.01,058.11,065.61,070.81,076.31,077.91,097.41,101.31,103.51,112.81,130.21,147.11,167.41,196.5

1,235.31,245.91,251.91,260.9

1,263.51,271.51,279.7

Farm

32.132.934.636.833.932.537.037.537.040.343.842.349.760.978.168.472.368.373.397.9

114.9114.7104.9110.4106.7109.2106.394.598.0

102.0103.6106.2107.2109.1108.3111.2105.599.097.2

105.0104.1104.8104.9109.9105.5101.7101.6107.2103.3102.5104.9105.8101.299.2

100.798.2

102.5103.6

Nonfa rm

Total2

98.9101.8103.4109.0114.4121.4131.9148.6161.4173.8189.9199.7211.5228.8267.8330.3338.4375.1421.0484.0561.9622.8678.2658.0681.1751.5769.1768.2829.5890.8941.0945.7955.5977.9974.1961.1951.0954.1961.0960.6966.8971.5973.1987.5995.8

1,001.71,011.2

1,023.01,043.81,065.01,091.6

1,129.51,144.71,152.81,160.2

1,165.31,169.01,176.0

Manu-factur ing

51.652.854.357.659.663.268.278.385.291.499.0

102.8103.5109.4125.1158.2164.5181.1202.8228.4268.7

296.5318.1299.5302.6333.4325.3314.6332.9358.8382.1385.9387.5401.0399.7393.7385.5383.5383.4379.2378.1380.1375.5378.0380.5380.1380.9385.5390.3397.7406.7

421.0426.5429.5430.4

432.7430.9433.7

Whole-sale

trade

18.318.619.119.921.322.724.327.729.931.735.239.042.146.054.869.869.377.286.6

101.9120.5138.5151.4150.3154.1169.0173.4177.2190.6208.5218.4221.6226.3230.9232.4233.7230.3231.3235.5236.9240.5242.0245.3248.0249.6252.8255.2

257.3263.3270.7279.8

291.9297.8301.3304.0

307.3309.8306.2

Retailtrade

20.021.420.922.323.624.927.730.131.134.437.738.744.950.058.764.264.773.381.294.5

105.3113.7123.9123.5138.0157.3171.9176.8199.5213.8232.7

229.8234.1237.3237.1232.7233.6237.5240.1240.1244.1246.4249.4

259.0261.7263.3267.0270.2278.2283.4289.8

296.0297.9299.1299.1294.5296.0302.7

Other

9.08.99.29.29.8

10.611.712.515.316.318.119.320.923.429.238.039.843.550.459.167.574.084.984.686.491.898.499.5

106.4109.6107.8108.4107.6108.7104.8101.0101.7101.7102.0104.4104.1103.0103.0102.5104.0105.5108.1110.1111.9113.1115.3120.6122.5122.9126.7130.8132.3133.4

Finalsales ofdomestic

busi-ness3

36.537.739.541.844.547.452.555.659.265.169.172.979.488.597.5

105.4118.0129.7145.0167.6186.4204.8221.8232.8255.4276.7297.7315.7333.1362.8384.9394.2397.6401.0403.4403.9409.0411.0413.1423.4427.7432.8441.9444.3449.2453.7463.2467.4473.4482.3489.8494.2499.9507.6512.0519.0527.2529.8

Ratio of inventoriesto f ina l sales of

domestic business

Total

3.593.573.493.483.333.253.223.353353.293.383.323.293.283.553.783.483.423.413.473.633.603.533.303.083.112.942.732.782.742.712.672.672.712.682.652.582.562.562.522.502.492.442.472.452.432.402.422.422.422.442.502.492.472.462.432.412.42

Nonfarm

2.712.702.622.612.572.562.512.672.732.672.752.742.662.592.753.132.872.892.902.893.013.043.062.832.672.722.582.432.492.462.442.402.402.442.412.382.332.322.332.272.262.242.202.222.222.212.182.192.202.212.232.292.292.272.272.252.222.22

1 Inventories at end of quarter. Quarter-to-quarter change calculated from this table is not the current-dollar change in business inven-tories (CBI) component of GDP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarterprices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculatedfrom this table are at quarterly rates, whereas CBI is stated at annual rates.2 Inventories of construction establishments are included in "other" nonfarm inventories.

Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of house-holds and institutions and of general government and includes a small amount of final sales by farms.

Note.—The industry classification of inventories is on an establishment basis. Estimates for nonfarm industries other than manufacturingand trade for 1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 andearlier periods and trade estimates for 1966 and earlier periods are based on the 1972 SIC; later estimates for these industries are based onthe 1987 SIC. The resulting discontinuities are small.


322


TABLE B-21.—Real inventories and final sales of domestic business, 1959-96

[Billions of chained (1992) dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter:195919601961196219631964 ..19651966196719681969197019711972197319741975197619771978197919801981198219831984 ..19851986198719881989

1990:1II ..I l lIV

1991:1ItI l lIV

1992-1I IillIV

1993:1I II I IIV

1994-1I II l lIV

1995:1III l lIV

1996-1IIIll

Inventories '

Total2

401.4412.0420.9440.9459.0474.7504.8547.2579.2606.1633.3

639.0661.7686.9725.9749.8738.8767.8805.8848.1871.2861.2894.3878.7872.8947.6977.4988.3

1,014.51,026.21,059.51,062.21,073.21,076.91,069.91,065.51,060.31,061.51,066.9

1,066.91,069.71,072.71,074.21,078.81,084.01,088.91,093.21,103.41,122.01,138.11,152.1

1,165.81,173.41,181.61,185.3

1,184.51,186.31,194.9

Farm

88.690.192.394.796.694.496.094.997.4

101.1101.499.3

103.6104.2106.5102.2107.6105.6111.7113.3117.0110.1119.6126.9109.8115.8122.2120.5111.598.898.998.9

100.0102.0101.4100.8101.599.399.7

101.6104.1105.4105.1103.3101.999.097.9

100.6105.9109.4110.1109.2108.2106.6105.4103.8102.5102.4

Nonfarm

Total2

303.6312.4318.6336.7353.1372.6400.3445.0474.5497.5524.8

533.0551.1576.5615.0646.8628.3660.4692.1733.6752.8

751.3774.1751.3763.4832.4855.8868.2902.5927.2960.7963.4973.2974.9968.4

964.7958.8962.2967.2

965.3965.6967.3969.1975.6982.3990.0995.5

1,003.01,016.51,029.11,042.41,056.71,065.21,074.81,079.5

1,080.31,083.21,091.8

Manu-facturing

148.2150.6155.1165.2171.5180.4192.6217.6234.4245.0256.0

256.0253.1259.8277.7296.8289.7303.4311.8325.8338.5

338.9343.5329.5329.5358.4353.9349.7354.8364.3383.5

386.9389.2391.1390.1390.4386.1384.5384.0

380.6377.5378.5374.7375.0377.7379.6380.2382.8383.9386.9388.5390.7393.5397.6400.4

403.4402.4405.4

Whole-sale

trade

56.557.959.361.966.370.374.784.691.094.1

100.6108.0113.8119.0122.4133.0127.5135.9146.5158.8166.3171.3176.0174.1173.5189.6194.8201.9208.5217.8223.3

225.9230.5231.1231.3234.1232.0233.1236.9

237.2239.8241.6244.7245.2247.0250.1250.6251.3256.4261.6267.2

273.2277.1280.4281.5283.1284.9284.0

Retailtrade

59.463.662.366.770.374.281.788.588.495.8

102.3102.4116.1124.9134.8132.9126.3136.0143.7153.1153.1148.9157.2153.3166.2186.4201.3204.4223.9231.3245.0

240.5244.1245.0243.5238.4238.0241.7243.3

242.0244.3245.1247.2255.1256.1257.5259.6262.2267.9271.8276.1279.2280.6281.4279.6

274.2275.5281.2

Other

37.638.340.140.142.245.048.449.856.958.161.462.664.969.977.480.881.581.787.193.291.588.794.491.792.496.7

105.1111.6115.1113.7108.9109.9109.3107.6103.4101.6102.6102.9103.0105.4104.1102.1102.6100.2101.5102.7105.1106.6108.2108.7110.4113.4113.8115.3117.9119.4120.2121.1

Finalsales ofdomestic

busi-ness3

144.3147.0153.5160.8169.5178.4194.2199.4206.4217.8221.7224.0234.4252.7261.1254.6265.6277.5291.7311.9319.3319.9318.9319.2338.2355.7370.8384.3393.8411.7420.7

426.2424.2423.6421.8417.7420.2419.4419.2426.6428.9432.3438.1436.7438.7441.5448.0449.3453.0458.5463.2464.0466.8471.6474.1478.5483.3483.8

Ratio of inventoriesto f inal sales of

domestic business

Total

2.782.802.742.742.712.662.602.742.812.782.862.852.822.722.782.942.782.772.762.722.732.692.802.752.582.662.642.572.582.492.522.492.532.542.542.552.522.532.552.502.492.482.452.472.472.472.442.462.482.482.492.512.512.512.502.482.452.47

Nonfarm

2.102.132.082.092.082.092.062.232.302.282.372.382.352.282.362.542.372.382.372.352.362.352.432.352.262.342.312.262.292.252.282.262.292.302.302.312.282.292.312.262.252.242.212.232.242.242.222.232.242.242.252.282.282.282.282.262.242.26

1 Inventories at end of quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the change in busi-ness inventories component of GDP is stated at annual rates.2 Inventories of construction establishments are included in "other" nonfarm inventories.

3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of house-holds and institutions and of general government and includes a small amount of final sales by farms.

Note.—The industry classification of inventories is on an establishment basis. Estimates for nonfarm industries other than manufacturingand trade for 1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 andearlier periods and trade estimates for 1966 and earlier periods are based on the 1972 SIC; later estimates for these industries are based onthe 1987 SIC. The resulting discontinuities are small.


323


TABLE B-22.—Foreign transactions in the national income and product accounts, 1959-96


Year orquarter

1959

1960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

I IIll ....IV ...

1991:1I IIll ....IV ...

1992:1I IIll ....IV ...

1993:1IIIll ....IV ...

1994:1I IIll ....IV ...

1995:1IIIll ....IV ....

1996:1IIIll ....

Receipts from rest of the world

T » 1 1

25.030.231.433.536.141.043.547.250.255.661.270.874.283.4

115.6152.6164.4181.7196.6233.5300.3

361.9399.5379.5374.6421.8411.1427.1481.8591.9678.3

734.8757.9777.3798.5882.5

1,015.6715.2728.1728.6767.3751.4758.7750.6771.0773.1779.2774.0783.0

783.0801.8787.1822.2

826.8862.4899.6941.3976.9

1,009.21,026.11,050.3

1,059.91,073.91,070.7

Exports of goods andservices

Total

20.6

25.326.027.429.433.635.438.941.445.349.357.059.366.291.8

124.3136.3148.9158.8186.1228.7

278.9302.8282.6277.0303.1303.0320.7365.7447.2509.3

557.3601.8639.4657.8719.1807.4541.6554.8555.5577.3577.4602.7602.6624.4632.4635.9640.2649.1646.9660.4645.3678.7

678.9707.4729.2761.0776.1797.3819.0837.0

839.5850.0844.3

Goods 2

16.520.520.921.723.326.727.830.732.235.338.344.545.651.873.9

101.0109.6117.8123.7145.4184.0225.8239.1215.0207.3225.6222.2226.0257.5325.8371.7398.5426.4448.7459.6509.1581.4391.6399.8394.6408.2414.8428.8423.9438.1442.1445.9447.7459.0

451.2462.0447.7477.4

476.0498.4516.6545.1559.1575.2587.0604.5

603.6610.4605.4

Serv-ices2

4.2

4.85.15.76.16.97.68.29.2

10.011.012.413.814.417.823.326.731.135.140.744.753.263.767.669.777.580.894.7

108.2121.4137.6158.8175.4190.7198.3210.1225.9150.0155.1160.9169.1162.71739178.7186.3190.3190.0192.5190.1195.7198.5197.7201.3202.8209.0212.6215.9217.0222.2232.1232.5

235.9239.7239.0

Re-ceipts

offactor

in-come

4.3

5.05.46.16.67.48.18.38.9

10.311.913.014.116.423.830.328.232.937.947.470.481.895.696.997.6

118.7108.1106.5116.0144.7169.0177.5156.2137.9140.7163.4208.3173.6173.3173.1190.0174.0156.0148.1146.6140.7143.3133.8133.9136.1141.4141.7143.5147.9155.0170.4180.3200.8211.9207.0213.4220.4223.9226.4

Payments to rest of the world

Total

25.030.231.433.536.141.043.547.250.255.661.270.874.283.4

115.6152.6164.4181.7196.6233.5300.3361.9399.5379.5374.6421.8411.1427.1481.8591.9678.3

734.8757.9777.3798.5882.5

1,015.6715.2728.1728.6767.3751.4758.7750.6771.0773.1779.2774.0783.0

783.0801.8787.1822.2

826.8862.4899.6941.3976.9

1,009.21,026.11,050.3

1,059.91,073.91,070.7

Imports of goods andservices

Total

22.3

22.822.725.026.128.131.537.139.946.650.555.862.374.291.2

127.5122.7151.1182.4212.3252.7

293.8317.8303.2328.6405.1417.2452.2507.9553.2589.7

628.6622.3669.0720.5813.5902.0615.9615.1634.1649.2610.3615.0624.5639.3641.3664.9677.8691.8694.8720.0719.8747.5

757.6800.4836.1859.6

884.8912.6906.6904.2

925.8949.2964.5

Goods2

15.315.215.116.917.719.422.226.327.833.936.840.946.656.971.8

104.599.0

124.6152.6177.4212.8248.6267.8250.5272.7336.3343.3370.0414.8452.1484.5

508.0500.7544.9592.8677.0757.0500.4497.4511.3522.9488.3493.5504.6516.5516.8541.1557.2564.4

570.7593.2592.7614.4623.6664.6698.3721.6741.9767.3759.7759.0

776.7798.2812.1

Serv-ices2

7.07.67.68.18.48.79.3

10.712.212.613.714.915.817.319.322.923.726.529.834.839.945.349.952.656.068.873.982.293.1

101.1105.3120.6121.6124.1127.8136.4145.1115.5117.8122.7126.4122.1121.6119.9122.7124.5123.8120.6127.4124.0126.8127.1133.1134.0135.8137.9138.0142.8145.3146.9145.2149.2151.0152.5

mentsof

factorin-

come

1.51.81.81.82.12.42.73.13.44.15.86.66.47.7

11.114.614.915.717.225.337.546.560.965.865.687.687.793.6

107.1131.7154.8156.4140.5126.8130.1167.2215.3152.5156.4158.7157.9147.1143.8138.7132.2124.2132.3124.3126.4120.2131.1129.0140.2142.9157.1176.6192.1203.8214.3223.4219.7220.6231.4243.8

Transfer payments(net)

Total

2.4

2.42.72.82.83.03.03.23.43.23.23.64.14.34.65.45.46.06.06.47.59.0

13.416.717.720.623.124.323.325.126.128.4

-12.132.036.138.234.626.130.329.128.2

-61.3-16.1

10.018.927.530.727.842.030.633.734.545.532.734.537.448.434.533.134.236.643.337.436.9

Frompersons

(net)

0.4

.5

.5

.5

.6

.7

.8

.81.01.01.11.21.31.31.41.21.21.21.21.31.41.65.26.26.57.47.88.18.79.19.69.9

10.49.6

12.814.214.99.99.5

10.210.110.410.310.210.69.49.79.29.9

12.612.712.813.114.114.114.114.514.414.114.716.515.716.216.2

Fromgovern-

ment(net)

1.8

1.92.12.12.12.12.12.22.11.91.82.02.42.52.53.23.53.73.43.84.15.05.07.07.89.7

12.212.911.211.411.413.3

-27.916.617.316.511.511.515.513.212.9

-76.9-32.0-5.4

2.612.415.012.926.112.614.815.526.311.212.915.726.212.111.011.311.619.011.811.7

Frombusi-ness

0.1

.1

.1

.1

.1

.2

.2

.2

.2

.3

.3

.4

.4

.5

.71.0.7

1.11.41.42.02.43.23.43.43.53.13.33.34.65.15.25.45.86.07.58.24.75.35.75.35.25.65.25.75.76.05.85.95.56.26.26.17.37.47.67.78.18.08.28.58.69.49.1

Netforeigninvest-ment

-1.2

3.24.33.95.07.56.23.93.51.71.84.91.3

-2.98.75.1

21.48.9

-9.0-10.4

2.612.57.4

-6.1-37.3-91.5

-116.9-142.9-156.4-118.1

-92.4-78.6

7.3-50.5-88.2

-136.4-136.3

-79.4-73.8-93.3-68.1

55.316.0

-22.6-19.4-19.9-48.7-56.0-77.2-62.6-83.0-96.2

-111.0

-106.5-129.7-150.6-158.9

-146.2-150.8-138.1-110.2

-129.9-144.2-174.6

1 Includes capital grants received by the United States (net), not shown separately. See Table 6-30 for data.2 Certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with1986, repairs and alterations of equipment were reclassified from goods to services.


324


TABLE B—23.—Real exports and imports of goods and services and receipts and payments of factorincome, 1959-96


Year or quarter

195919601961196219631964 . .1965196619671968196919701971197219731974 .1975197619771978197919801981198219831984 .19851986198719881989 .. ..1990199119921993199419951990:1

IIIllI V . .

1991:1III l lIV

1992-1III l lIV

1993-1III l lIV

1994:1IIIllIV

1995-1IIIllIV

1996:1IIIll

Exports of goods and services

Total

71.986.888.393.0

100.0113.3115.6123.4126.1135.3142.7158.1159.2172.0209.6229.8228.2241.6247.4273.1299.0331.4335.3311.4303.3328.4337.3362.2402.0465.8520.2564.4599.9639.4658.2712.0775.4555.2566.8561.8573.9572.3600.3603.6623.5633.0635.8639.7649.1647.1660.0645.5680.3677.6703.1719.6747.6752.3763.2783.0803.1806.7817.9816.1

Goods1

Total

51.763.864.267.072.382.282.688.488.895.8

100.8112.3111.9123.9152.4164.5160.7168.3170.5189.5211.9237.2234.7213.5207.3223.7231.7243.6270.5321.4361.7391.6419.2448.7464.5511.5565.9386.8394.8388.0397.0403.3419.8420.0433.7440.3445.1448.3461.0454.3466.0452.7485.0481.9502.9517.8543.4548.8557.7568.2588.8590.9600.6601.1

Dura-ble

goods

23.729.329.531.032.737.739.342.248.853.457.763162.769.286.399.697.598.998.7

110.0125.2139.6134.7117.0114.6127.0137.3145.3165.7205.5236.7260.0279.6300.9318.3358.0403.2256.1264.2258.6261.2263.1282.8281.9290.5294.5298.4299.5311.1308.1319.1310.6335.5336.8353.7361.8379.7386.5398.3405.9422.3424.0437.9439.0

Non-dura-

blegoods

30.436.536.838.642.247.245.948.840.442.843.249.549.655.166.565.964.270.372.880.687.998.9

101.498.494.498.195.399.1

105.0115.8124.9131.6139.6147.8146.2153.8163.7130.6130.6129.4135.8140.1137.1138.1143.3145.81466148.8149.9146.2146.9142.1149.6145.3149.6156.2163.9162.8160.51635167.9168.416531648

Serv-ices1

18.620.622.024.025.528.630.832.635.537.339.643.145.044.752.661.665.672.577.283.083.989.298.598.596.8

105.9106.1120.3133.4145.0158.7173.1180.8190.7193.7200.9210.4168.6172.2174.3177.3168.9180.6183.8189.8192.8190.7191.3188.2192.7194.0192.7195.5195.9200.5202.2204.9204.3206.4215.4215.3216.7218.3216.1

Re-ceipts

offactor

in-come

20.823.425.227.629.832.634.634.335.739.543.745.046.451.770.482.570.277.283.496.8

132.4141.1150.1143.5138.2160.3140.5134.6141.9170.2189.9190.6161.1137.9137.4155.9194.2189.5187.1185.1200.9181.4161.5152.0149.4141.9143.5133.4132.7133.9138.3138.2139.1142.5148.5162.2170.6188.8197.9192.6197.6203.2205.4207.0

Imports of goods and services

Total

106.6108.1107.3119.5122.7129.2143.0164.2176.2202.5214.0223.1235.0261.0272.6265.3235.4281.5311.6338.6344.3321.3329.7325.5366.6455.7485.2526.1558.2580.2603.06263622.2669.0730.2817.6883.0622.3633.5633.0616.4596.6617.4633.4641.4647.8668.3670.5689.1703.1724.4731.7761.8777.0810.4831.3851.9874.9884.6884.5888.0910.7932.6953.5

Goods '

Total

71.170.069.980.283.589.0

101.6117.6123.8149.4157.5163.7177.4201.6215.8209.8183.4224.8252.2274.8279.5258.7264.0257.4292.4363.1385.9425.5445.2463.2482.7497.3497.1544.9602.6684.1744.7494.2504.0503.2487.9472.2490.8509.4515.9521.2543.6552.8561.8578.4598.0604.1629.8644.5675.6697.1719.3735.4747.7745.6750.0768.4789.9810.0

Dura-ble

goods

23.722.621.825.627.030.037.146.249.563.067.369.276.187.693.293.676593.7

106.0122.5125.4126.3136.8138.4166.8221.9244.1266.7278.5290.1302.6310.9312.7346.4390.0455.6507.1303.1313.3315.4312.0298.9304.8320.2326.8331.2344.6351.0359.0372.7383.6390.5413.1424.1448.2462.6487.7500.1508.5506.0514.0529.7542.1556.9

Non-dura-

blegoods

49.550.151.858.460.162.567.272.57 4 784.687.892.698.3

109.8118.4111.0103.0126.4140.7145.3147.0126.6122.8115.6123.1140.2142.0158.8166.8173.2180.1186.4184.4198.4212.5228.2237.2191.1190.7187.7175.9173.3186.0189.2189.1190.0199.0201.8202.8205.6214.4213.6216.6220.2227.1234.1231.2235.0238.9239.3235.8238.5247.7253.0

Serv-ices1

34.937.737.038.838.739.740.946.051.752.655.958.857.259.156.755.452.556.258.462.563.461.865468.974.492.999.7

100.2113.1117.1120.2129.4125.3124.1127.7133.8138.8128.5129.8130.2129.0124.8126.8124.1125.6126.7124.7117.7127.4124.7126.5127.6132.0132.6135.0134.5133.1139.8137.4139.4138.5142.8143.2144.1

Pay-ments

offactor

in-come

7.58.78.88.99.9

11.012.013.414.316.621.923.622.025.334.141.038.738.739.553.573.083.199.4

100.795.9

121.9116.8120.9133.0157.1176.7170.2145.7126.8126.7158.6199.7169.5171.0171.7168.7154.7149.9143.0135.2125.6132.6123.9125.2117.9127.9125.3135.6137.0149.8166.9180.8190.5199.2206.8202.4202.3211.1221.4

•Certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with1986, repairs and alterations of equipment were reclassified from goods to services.


325


TABLE B—24.—Relation of gross domestic product, gross national product, net national product, and

national income, 1959—96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

I II l lIV

1991:1III l lIV

1992:1III l lIV

1993:1III l lIV

1994:1III l lIV

1995:1I II l lIV

1996:1I II l l


507.2526.6544.8585.2617.4663.0719.1787.88336910.6982.2

1,035.61,125.41,237.3138261,496.91,630.6181902,026.9229142i557.52,784.23,115.93,242.13,514.53,902.44,180.74,422.24,692.35,049.65,438.75,743.85,916.76,244.46,553.06,935.77,253.85,660.45,751.05,782.45,781.55,822.15,892.35,950.06,002.36,121.86,201.26,271.76,383.06,442.66,506.26,574.46,688.66,776.06.890.56,993.17,083.27,149.87,204.97,309.87,350.67,426.87,545,17,616.3

Plus-Receiptsof factorincome

fromrest of

theworld

4.35.05.46.16.67.48.18.389

10.311.913.014.116.423830.328.232937.947470.481.895.696.997.6

1187108.1106.5116.0144.7169.0177.5156.2137.9140.7163.4208.3173.6173.3173.1190.0174.0156.0148.1146.6140.7143.3133.8133.9136.1141.4141.7143.5147.9155.0170.4180.3200.8211.9207.0213.4220.4223.9226.4

Less:Pay-

mentsof factorincome

torest of

thpi neworld

1.51.81.81.82.12.42.73.1344.15.86.66.47.7

11 114.614.915717.225337.546.560.965.865.687.687.793.6

107.1131.7154.8156.4140.5126.8130.1167.2215.3152.5156.4158.7157.9147.1143.8138.7132.2124.2132.3124.3126.4120.2131.1129.0140.2142.9157.1176.6192.1203.8214.3223.4219.7220.6231.4243.8

Equals:Gross

nationalproduct

510.1529.8548.4589.4621.9668.0724.5793.08391916.7988.4

1,042.01,133.11,246.0139541512.61,643.91 836.12.047.5231352.590.42,819.53,150.63,273.23,546.53,933.54,201.04,435.14,701.35,062.65,452.85,764.95.932.46,255.56,563.56,931.97,246.75,681.45,767.85,796.85,813.65,849.05,904.55,959.46,016.66,138.36,212.26,281.16,390.56,458.66,516.56,587.16,691.96,781.06,888.36,987.07,071.47,146.87,202.47,293.47,344.37,426.67,537.57,598.9

Less: Consumption ofp

Total

58.660.762.264.767.270.474.981.187895.4

103.6111.9122.0134.81480171.7200.1218.9251.12818322.3368.0419.9456.3477.9494.0519.5552.8581.9620.2662.2693.1723.1754.2773.8818.8825.9680.1689.0698.6704.6713.6719.6725.7733.5727.6734.1809.2746.1765.6767.6783.1779.1887.4791.2796.7799.7809.5820.1828.8845.1843.0852.8864.0

Private

44.546.147.248.950.553.156.761.867073.079.586.194.4

104.91151133.7157.71741203.52304265.5304.6349.5378.3397.8410.9432.4459.4483.2516.0551.9575.8599.6626.1640.0678.7679.2565.6573.2580.6583.9592.5596.4601.4608.1601.3606.4680.5616.2633.8634.6648.4643.3748.7652.7656.7656.6664.6673.6681.6697.0694.7704.2714.6

Govern-ment

14.114.515.015.816.717.418.219.320822.424.125.827.629.932938.042.444747.651556.863.470.478.180.183.187.193.598.7

104.2110.3117.3123.5128.2133.8140.1146.7114.5115.8118.0120.7121.1123.2124.3125.4126.3127.7128.6130.0131.7133.0134.6135.8138.7138.5140.0143.1144.9146.5147.2148.2148.4148.6149.4

Equals:Netna-

tionalproduct

451.5469.1486.2524.8554.7597.6649.6711.97513821.3884.8930.1

1,011.01,111.2124731340.91,443.8161721,796.4203162]268.12,451.52,730.72,816.93,068.63,439.53,681.53,882.24,119.44,442.54,790.65,071.95,209.35,501.35,789.76,113.26,420.85,001.35,078.95,098.25,109.05,135.35,184.95,233.75,283.25,410.75,478.15,471.95,644.35,693.05,748.95,804.05,912.85,893.66,097.26,190.26,271.76,337.36,382.36,464.66,499.16,583.66,684.76,734.9

Less:

Indirectbusi-ness

tax andnontaxliability

41.945.548.151.754.758.862.765.470479.086.694.3

103.6111.41210129.3140.01516165.51778188.7212.0249.3256.4280.1309.5329.6344.7364.8385.5414.7442.6478.1505.6540.0572.5595.5432.1436.1447.3455.0464.7472.9483.7491.2495.7497.9507.1521.7524.7535.1541.7558.5562.1568.0576.4583.5586.0594.8597.3604.1604.1608.7614.6

Busi-ness

trans-fer

pay-ments

1.41.41.51.61.82.02.22.32 52.83.13.23.43.9455.05.2657.3829.9

11.213.415.216.218.620.923.924.225.426.326.526.328.428.130.130.826.126.826.926.426.026.326.026.827.628.528.628.827.728.328.228.229.830.030.230.430.630.630.931.231.532.432.2

Statis-ticaldis-

crepan-cy

-2.1-3.7-3.3-2.4-3.5-2.1-1.4

2.76

.2-2.2

1.05.13.22 44.5

11.218917.517627.827.414.6-2.936.5

4.21.3

22.1-16.6-48.6

11.616.18.8

43.758.034.1-.9

43.017.416.3

-12.3-6.5

5.617.218.823.336.251.663.679.559.849.842.824.130.045.336.930.020.3-7.1

-46.7-50.0-57.5-98.1

PIUS:Sub-sidies

less cur-rent sur-

plus ofgovern-

mententer-prises

0.1.3

1.31.5

.91.41.73.02 93.13.64.95.16.4594.58.17 4

10.111 111.715.216.921.125.625.521.925.131.028.524.225.323.627.131.725.118.223.824.525.727.324.422.723.523.624.625.426.931.535.233.729.928.027.224.023.425.919.218.717.916.817.317.616.8

Equals.-Nationalincome

410.4426.2441.2475.3502.6540.2587.8644.46807742.4800.9836.6904.0999.2

1 12531206.71,295.5144751,616.3183922,053.32,216.12,470.22,569.22,761.43,132.73,351.53,516.53,778.14,108.64,362.14,611.94,719.74,950.85,195.35,501.65,813.54,523.94,623.14,633.44,667.24,675.64,702.84,730.44,770.04,888.74,941.04,911.65,061.75,096.35,159.45,214.15,311.35,304.85,493.25,561.75,646.95,709.95,755.45,861.45,927.46,015.36,118.76,203.0


326


TABLE B—25.—Relation of national income and personal income, 1959—96


Year or quarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

I II I IIV

1991-1I II l lIV

1992:1I II l lIV

1993:1I II l lIV

1994:1I II l lIV

1995:1I II l lIV

1996:1I II l l

Nationalincome

410.4426.2441.24753502.65402587.8644.4680.7742.48009836.6904.0999.2

1,125.31,206.71,295.51,447.51,616.31,839.22,053.32,216.12,470.22,569.22,761.43,132.73351 53,516.5377814,108.64362 14611 94,719.74 950.85,195.3550165!813.54,523.9462314,633.44,667.2467564,702.8473044,770.04,888.74,941.04,911.65,061.75,096.35,159.45,214.15,311.35,304.85,493.25,561.75,646.95,709.95,755.45,861.45,927.46,015.36,118.76,203.0

Corporateprofitswith

inventoryvaluation

andcapital

consump-tion

adjust-ments *

50.248.849.857763.570480.986.383.690.387575.788.8

102.2115.1103.7121.1147.0167.3191.6194.0167.1183.9159.2212.3268.22822271.03097357.235643695382.54014464.45295586.6369.33928350.4365.53937380.03768379.6417.3409.3351.3427.7427.4447.8469.6512.8459.7534.3553.1570.9560.0562.3612.5611.8645.1655.8661.2

L

Netinterest

10.211.213.114616.118221.124.328.130.433640.045.449.356.571.880.085.1

100.7120.5150.3191.9234.5264.9275.9318.53372363.13722398.945664673443.04143398.93949403.6458.94650467.7477.54604450.64466434.3419.2417.5408.1412.4412.8403.2391.4388.0390.2395.5400.1393.8406.9405.2400.7401.9399.5402.3405.6

5SS:

Contribu-tions

forsocial

insurance

18.821.922.925428.530131.640.645.550.457862.069.679.597.9

111.7121.1137.7155.4177.0204.2225.0261.6280.6301.9345.53759402.04233462.849125185543.55714592.96283660.0511.15162522.4524.35368540.95460550.3565.1570.1574.8575.7578.3592.8597.5603.1614.2627.5632.2639.3651.0656.2664.0668.6676.0686.2694.4

Wageaccruals

lessdisburse-

ments

0.0.0.00.00.0.0.0.0o.0.6.0

-.5

!i.1.3

.0

.1

.0-.4

.2_ 2

.00.0o1

-.1-158

4.61552.7

.00.0.22

-.40.0.0.0.0

-63.064.0

1.01.0

-47.452.13.73.72.54.02.92,9

.91.9.0.0

Personalinterestincome

22.725.026.929332.436140.344.949.554.660869.275.781.894.1

112.4123.0134.6155.7184.5223.6274.7337.2379.2403.2472.35084543.35600595.567457044699.26672648.16637717.1690.6701 1711.6714.27054702.26970692.3674.1673.0661.2660.4659.3652.2640.9639.9641.0659.6673.3680.9704.6716.6719.9727.2726.1733.1742.9

PI

Personaldividendincome

12.713.414.015016.118020.220.922.124.525123.523.525.527.729.629.235.039.544.350.557.567.266.977.479.4883

105.1101 1109.913091429153.61594186.81996214.8142.01434143.3142.71493153.11564155.7152.3154.5160.8170.1180.0185.4189.7192.1193.2197.5201.0206.7209.5212.2215.8221.7226.6229.3231.5

US:

Govern-ment

transferpayments

topersons

25.727.531.532634.536039.143.652.360.667581.897.0

108.4124.1147.4185.7202.8217.5234.8262.8312.6355.7396.3426.6438.54687498.05225556.860496665749.18357888.69338

1,000.0649.26565669.3691.07256742.57541774.0816.4831.0842.5853.0873.6884.8894.3901.6917.1927.3938.7952.0979.8994.2

1,007.31,018.71,040.11,052.61,062.1

Businesstransfer

paymentsto

persons

1.31.31.4151.7182.02.12.32.5282.83.03.43.84.04.55.55.96.87.98.8

10.211.812.815.117820.720820.821 121320.822522.122622.621.321521.321.120820.720821.121.922.522.822.922.322.122.022.122.422.522.622.722.622.622.622.722.923.023.1

Equals:

Personalincome

393.5411.7429.14561479.15135555.8604.7649.7713.5778.2836.1898.9987.3

1,105.61,213.31,315.61,455.41,611.41,820.22,049.72,285.72,560.42,718.72,891.73,205.5343963,647.5387734,172.8448934791.64,968.55 264.25,480.15753.16,115.14,687.84,771.54,838.44,868.6488564,950.24,989.35,048.95,151.95,225.15,264.65,415.35,349.15,459.25,501.65,610.55,562.45,739.15,808.25,902.76,004.56,074.46,146.96,234.56,308.56,412.46,501.4

1 Includes rest of world.Source: Department of Commerce, Bureau of Economic Analysis.

327


TABLE B—26.—National income by type of income, 1959—96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

II ...Ill ..IV ..

1991:1II ...Ill ..IV ..

1992:1II ...Ill ..IV ..

1993:1II ...Ill ..IV ..

1994:1II ...Ill ..IV ..

1995:1II ...Ill ..IV ..

1996:1II ...Ill ..

Nationalincome '

410.4426.2441.2475.3502.6540.2587.8644.4680.7742.4800.9836.6904.0999.2

1,125.31,206.71,295.51,447.51,616.31,839.22,053.32,216.12,470.22,569.22,761.43.132.73,351.53,516.53,778.14,108.64,362.14,611.94,719.74,950.85,195.35,501.65,813.54.523.94,623.14,633.44,667.24,675.64,702.84,730.44,770.04,888.74,941.04,911.65,061.75,096.35,159.45,214.15,311.35,304.85,493.25,561.75,646.95,709.95,755.45,861.45,927.46,015.36,118.76,203.0

Compensation of employees

Total

281.2296.7305.6327.4345.5371.0399.8443.0475.5524.7578.3618.1660.1726.8813.1892.4951.3

1,061.51,182.91,338.51,503.31,653.91,827.81,927.62,044.22,257.02.425.72,572.42,757.72,973.93.151.63,352.83.457.93,644.93,809.54,009.84.222.73,285.53,344.73,384.93.395.93,405.73,440.73,474.23,511.03,577.13,626.53,669.23,707.03,744.23,787.93,834.93,871.13,932.63,988.04,027.54.091.04,150.54.191.64,247.74,301.14,344.34,420.94,482.9

Wages and salaries

Total

259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5584.5638.7708.6772.2814.7899.6994.0

1,121.11,255.71,377.61,517.61,593.91,684.81,855.31,995.72,116.52,272.72,453.62,598.12,757.52,827.62,970.63,095.33,257.33,433.22,704.02,753.02,784.52,788.82.789.52,814.72,838.82,867.12,916.52,956.22,988.23,021.73,046.03,075.23,115.03.145.03,194.13,237.53,270.33,327.43,371.93,406.03,454.03,501.13,540.23,606.53,659.6

fnuuUV-

ern-ment

46.049.252.456.360.064.969.978.386.496.6

105.5117.1126.7137.8148.7160.4176.1188.7202.4219.8236.9261.2285.6307.3324.5347.8373.5396.6423.1450.4479.4517.2546.0567.8584.2602.5621.7504.3514.3520.8529.4541.5544.9546.9550.8561.4567.2569.8572.5580.9581.4586.3588.3596.5601.7603.7608.3616.3619.6624.1626.9634.0638.9644.6

Other

213.8223.7228.0243.0254.8272.9293.8321.9342.5375.3412.7434.3457.8500.9560.0611.8638.6710.8791.6901.2

1,018.81,116.41,232.01,286.71,360.31,507.51,622.11,720.01,849.52,003.22.118.72,240.32,281.52,402.92,511.12,654.82,811.52,199.62,238.62,263.62,259.32,248.02,269.82,292.02,316.32,355.12,389.02,418.32,449.22,465.12,493.92,528.72,556.62,597.62,635.82,666.62,719.12,755.62,786.42,829.92,874.22,906.12,967.53,015.1

Supplements to wages andsalaries

Total

21.423.825.128.130.733.236.142.746.652.860.066.675.688.1

104.4120.3136.6162.0188.9217.4247.5276.3310.2333.7359.4401.7430.0455.9485.0520.3553.5595.2630.4674.3714.2752.4789.5581.5591.7600.5607.1616.2626.0635.4643.8660.7670.3681.0685.3698.2712.6719.9726.2738.5750.5757.2763.6778.6785.6793.7800.1804.1814.4823.3

Em-ployercon-

tribu-tions for

socialinsur-ance

10.912.613.315.116.717.518.322.824.927.631.534.138.945.155.363.770.682.294.1

107.3123.2136.4157.1168.3182.2212.8226.9239.9249.7268.6280.4294.6307.7323.0333.3350.2365.5290.1294.0296.4297.9303.8306.3309.1311.4319.9322.7325.1324.2325.9333.5335.6338.1342.9350.0352.3355.8360.8363.6367.8369.8375.0380.4384.6

Oth orUlllcilabor

income

10.611.211.813.014.015.717.819.921.725.228.532.536.743.049.256.565.979.794.7

110.1124.3139.8153.0165.4177.2188.9203.1216.0235.4251.7273.1300.6322.7351.3380.9402.2424.0291.4297.8304.0309.2312.4319.7326.3332.4340.8347.6355.9361.1372.2379.1384.3388.0395.6400.5404.9407.8417.7422.0425.9430.2429.1434.0438.6

Proprietors' income with inventory valuationand capital consumption adjustments

TntallUldl

50.550.553.055.056.359.063.567.669.173.377.178.083.995.2

113.3111.3116.5127.5140.8162.2177.3167.9178.3169.9181.7237.9257.4267.8292.9322.9345.0361.0362.9409.5420.0450.9478.3354.7362.7365.6360.9349.2365.1365.2372.1396.5406.9412.1422.4413.5417.6414.2434.9421.1454.4458.7469.4472.0474.7479.6486.7499.5515.2526.3

Farm

Total

10.911.512.112.112.010.813,014.112.712.814.614.815.519.532.625.924.218.717.922.926.613.823.716.46.0

24.824.925.232.328.236.836.330.238.032.035.029.036.139.436.033.927.634.228.031.036.737.939.937.331.535.826.134.4

40.835.131.932.328.527.628.131.838.445.851.8

Propri-etors'

in-come2

11.812.312.912.912.711.513.814.913.713.815.816.116.921.234.628.527.722.822.327.732.220.731.624.814.132.732.432.639.635.444.343.837.745.739.542.536.543.546.743.541.335.141.635.538.544.245.448.344.839.043.333.841.948.242.539.439.836.135.135.739.345.853.259.4

Nonfarm

Total

39.639.140.942.944.348.350.453.556.460.562.563.268.375.880.785.492.3

108.8122.9139.2150.8154.1154.6153.5175.8213.1232.5242.6260.6294.7308.2324.6332.7371.5388.1415.9449.3318.6323.3329.6327.1321.6331.0337.1341.1359.8368.9372.3385.1382.0381.8388.1400.5380.3419,3426.8437.1443.5447.1451.5454.9461.1469.4474.6

Propri-etors'

in-come3

40.239.841.843.945.249.251.955.458.363.065.066.072.079.385.993.499.2

116.3131.0148.7160.9165.2160.7158.2172.2199.7210.5215.9238.2272.0284.8312.7325.0363.1381.0411.5434.6302.2309.4319.7319.6313.0323.3329.9333.7350.8360.7364.4376.3375.5375.7380.0392.7399.3409.1415.1422.5429.6433.1436.3439.6446.4455.2459.4

1 National income is the total net income earned in production. It differs from gross domestic product mainly in that it excludes deprecia-tion charges and other allowances for business and institutional consumption of durable capital goods and indirect business taxes. See TableB-24.


328


TABLE B-26.—National income by type of income, 1959-96—Continued


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

I II l lIV

1991:1I II I IIV

1992:1I II I IIV

1993:1||I I IIV

1994:1I II l lIV

1995:1I II l lIV

1996:1I II l l

Rental income of personswith capital consumption

adjustment

Total

18.219.119.820.621.321.722.523.224.423.724.424.725.825.727.427.526.626.324.726.528.435.345.747.647.251.049.142.345.555.752.461.468.480.6

102.5116.6122.255.557.964.867.366.666.367.673.078.680.970.892.398.4

102.9104.1104.5101.1121.0122.2121.9120.6121.6120.9125.8126.9124.5127.0

Rentalincome

ofpersons

19.720.621.222.022.623.024.024.926.326.027.327.829.530.332.834.434.935.736.441.246.757.370.774.774.879.279.072.677.689.791.098.6

107.0126.9144.3159.4158.692.394.9

102.3104.9104.1103.9105.3114.6114.8117.5144.8130.4142.6143.4146.5144.6162.2159.0159.2157.2156.3157.2156.0165.0160.0158.6162.5

Capitalcon-

sump-tion

adjust-ment

-1.5-1.5-1.4-1.4-1.3-1.3-1.5-1.7-1.9-2.3-2.8-3.1-3.7-4.6-5.4-6.9-3.4-9.5

-11.7-14.7-18.3-22.0-25.1-27.1-27.6-28.2-29.9-30.4-32.1-33.9-38.5-37.2-38.6-46.2-41.8-42.8-36.4-36.8-37.1-37.5-37.5-37.5-37.5-37.7-41.6-36.2-36.6-73.9-38.1-44.2-40.5-42.5-40.1-61.0-37.9-37.0-35.3-35.7-35.6-35.1-39.1-33.1-34.2-35.5

Corporate profits with inventory valuation and capital consumption adjustments

Total

50.248.849.857.763.570.480.986.383.690.387.575.788.8

102.2115.1103.7121.1147.0167.3191.6194.0167.1183.9159.2212.3268.2282.2271.0309.7357.2356.4369.5382.5401.4464.4529.5586.6369.3392.8350.4365.5393.7380.0376.8379.6417.3409.3351.3427.7427.4447.8469.6512.8459.7534.3553.1570.9560.0562.3612.5611.8645.1655.8661.2

Profits with inventory valuation adjustment and withoutcapital consumption adjustment

Total

53.151.051.356.461.267.577.683.080.386.983.271.885.597.9

110.9103.4129.4158.9186.8213.1220.2198.3204.1166.8203.72385230.5234.0272.9325.0330.6358.2378.2398.94577517.9570.8353.4381.1341.9356.5388.3375.5373.8375.2411.4404.3359.4420.5422.4442.0465.9500.5471.6516.2534.3549.6542.6547.3597.9595.3624.8633.5637.6

Profits

Profitsbefore

tax

53.451.151.056.461.268.078.885.181.890.689.078.490.1

104.5130.9142.8140.4173.82035238.1261.8241.4229.8176.7212.8244.2229.9222.6293.6354.3348.1371.7374.2406.4464.3531.2598.9354.7373.4381.9376.7370.7368.7374.6382.8411.1426.2368.0420.3437.0457.6458.0504.5475.5526.0550.8572.4594.5589.6607.2604.2642.2644.6635.6

Profitstax

liability

23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5

106.5127.1137.0141.3140.5133.4143.0163.8195.3218.7133.0141.2148.0139.7130.1132.3136.0135.2143.9150.9127.6149.7151.5162.6159.3181.7171.4192.8203.4213.5217.3214.2224.5218.7233.4236.4233.4

Profits after tax

Total

29.728.428.232.434.940.047.951.449.251.249.444.052.462.681.691.089.5

109.6130.4154.6173.8156.6148.6113.6135.5150.1133.4116.1166.5217.3206.8231.2240.8263.4300.5335.9380.2221.7232.2233.9237.1240.7236.4238.6247.6267.2275.2240.4270.6285.6295.0298.6322.8304.1333.3347.4358.8377.2375.3382.8385.5408.8408.1402.2

Divi-dends

12.713.414.015.016.118.020.220.922.124.625.223.723.725.828.130.430.135.940.846.052.559.369.569.880.883.292.8

110.2107.0116.8138.9151.9163.1169.5197.3211.0227.4150.7152.4152.4152.0158.6162.6165.9165.3162.1164.6170.9180.4190.2195.8200.2202.9204.4208.8212.5218.5221.7224.6228.5234.7239.9243.1245.2

Undis-tributedprofits

17.015.014.317.418.822.027.830.527.126.624.120.328.636.953.560.659.473.789.6

108.6121.397.379.143.854.866.940.65.8

59.5100.567.979.477.793.9

103.2124.8152.8

71.179.881.685.082.073.872.782.2

105.2110.669.590.395.399.298.4

119.999.7

124.5134.9140.3155.5150.8154.3150.8168.9165.1156.9

Inven-tory

valu-ation

adjust-ment

-0.3-.2

.3

.0

.1-.5

-1.2-2.1-1.6-3.7-5.9-6.6-4.6-6.6

-20.0-39.5-11.0-14.9-16.6-25.0-41.6-43.0-25.7-9.9-9.1-5.6

.511.4

-20.7-29.3-17.5-13.5

4.0-7.5-6.6

-13.3-28.1-1.3

7.7-40.0-20.3

17.66.8-.8

-7.6.3

-21.9-8.6

.2-14.6-15.6

7.9-4.0-3.9-9.8

-16.5-22.8-51.9-42.3-9.3-8.8

-17.4-11.0

2.0

Capitalcon-

sump-tion

adjust-ment

-2.9-2.2-1.5

1.32.32.83.43.33.33.44.43.93.34.34.1

.3-8.3

-11.8-19.6-21.5-26.2-31.2-20.1-7.6

8.629.751.837.036.832.225.811.34.32.56.7

11.615.915.911.78.59.05.44.63.04.55.95.0

-8.17.25.05.83.8

12.3-11.8

18.118.821.317.415.014.616.520.422.323.6

Netinter-est

10.211.213.114.616.118.221.124.328.130.433.640.045.449.356.571.880.085.1

100.7120.5150.3191.9234.5264.9275.9318.5337.2363.1372.2398.9456.6467.3448.0414.3398.9394.9403.6458.9465.0467.7477.5460.4450.6446.6434.3419.2417.5408.1412.4412.8403.2391.4388.0390.2395.5400.1393.8406.9405.2400.7401.9399.5402.3405.6

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

329


TABLE B-27.—Sources of personal income, 1959-96


Year orquarter

195919601961196219631964 : :..19651966196719681969197019711972197319741975197619771978197919801981198219831984 .. .19851986 .1987198819891990199119921993199419951990:1

I II l lIV

1991:1I II l lIV

1992:1I II l lIV

1993:1III l lIV

1994:1III l lIV

1995:1I II l lIV

1996: IIIIll

Personalincome

393.54117429.1456.1479.1513.5555.8604.7649.7713.5778.2836.1898.99873

1,105.6121331315.614554lieil.41,820.22,049.72,285.72,560.4271872,891.7320553,439.63,647.53,877.3417284,489.34,791.64,968.55,264.25,480.15,753.16,115.14,687.84,771.54,838.44,868.64,885.64,950.24,989.35,048.95,151.95,225.15,264.65,415.35,349.15,459.45,501.65,610.55,562.45,739.15,808.25,902.76,004.56,074.46,146.96,234.56,308.56,412.46,501.4

Wage and salary disbursements1

Total

259.8272.8280.5299.3314.8337.7363.74003428.9471.95183551.5583.9638.7708.77726814.68995993.9

1.120.81.255.91 377.71.517.61 593.91,68531855.11.995.92 116.52,272.72453.621598.12.757.52.827.62.986.43.090.73.241.83.430.62.704.02.753.02.784.42.788.62.78932.815.12.838.82,867.12.916.52.95622.988.23.084.72.982.03.07433,114.03,192.43.142.03,233.83,266.63.324.93.367.93.403.13.451.23.500.23.53823.606.53.659.6

Private industries

Total

213.82237228.0243.0254.8272.9293.8321.9342.5375.3412.74343457.4501.2560.06118638.67108791.6901.2

1.018.81.116.41,232.0U8671,360.31.507.51,622.11,720.01349.5200322,118.72,24032.281.52.418.62,506.42.63932308.82.199.62.238.62.263.62.259.32,248.02.269.82,292.0231632,355.12.389.02,418.32,512.22.401.12,492.92.527.72.604.02.545.62,632.12,662.92.716.62.751.52.783.52327.12.873.32.90422,967.53.015.1

Commodity-producingindustries

Totalloiai

109.91134114.0122.2127.4136.0146.6161.6169.0184.1200.4203.7209.12282255.92765277.13097346.1392.6442.5472.5514.9515152825866620.76373660.47070732.475427463765.7781.3824.9863.5748.7757.7758.57513742.5742.8749.4750.6752.7761.9764.6783.6757.1778.5785.58042800.9820.4832.5845.9854.8858.7866.7873.9878.7900.3911.0

Manu-facturing

86.989889.996.8

100.7107.3115.712821343146.0157.7158.4160.51756196.62118211.62380266.7300.1335.3356.4388.03862401.2445.9468.9481.249725301548.1561.2562.5583.5593.1621.1648.4554.8563.9564.95612555.5558.4566.3569.7571.5579.6583.0599.7573.8591.5596.0611.0603.4618.1626.5636.4643.6645.3650.1654.7654.8671.8678.5

Distrib-utive

indus-tries

65.168669.673.376.882.087.995.1

101.6110.8121.7131.2140.41533170.31868198.12195242.7274.9308.5336.7368.53859405.74452476.55016535.45753606.8634.1646.6680.3698.4739.2783.7624.4633.9638.9639.1636.7644.6649.7655.36662673.6681.5699.9674.76962704.0718.77162735.7744.7760.0767.6777.3789.3800.7810.5822.3832.4

Serviceindus-tries

38.841744.447.650.754.959.465.372.080.490.699.4

107.91197133.91486163.41816202.8233.7267.83072348.63857426.44756525.0581.0653.77209779.5852.1888.6972.6

1,026.71,07521,161.6

826.5847.18662868.4868.8882.5892.8910.59362953.49722

1,028.6969.3

1,01821,03821,08121,028.51,075.91,085.71,110.71,12921,147.51,171.11,198.61,215.11,244.91,271.6

Govern-ment

46.049252.456.360.064.969.978.386.496.6

105.5117.1126.51374148.71609176.01886202.3219.6237.1261.3285.63073325.03476373.83966423.14504479.4517.2546.1567.8584.2602.5621.7504.3514.3520.8529.3541.3545.3546.9550.8561.4567.2569.8572.5580.9581.4586.3588.3596.5601.7603.7608.3616.3619.6624.1626.9634.0638.9644.6

OtherlahnrlaDOr

income '

10.611211.813.014.015.717.819.921.725.228.532.536.743049256565!979794.7

110.1124.31398153.01654177.21889203.12160235.4251 7273.1300.6322.7351.3380.94022424.0291.4297.8304.03092312.4319.7326.3332.4340.8347.6355.9361.13722379.1384.3388.0395.6400.5404.9407.8417.7422.0425.94302429.1434.0438.6

Proprietors' incomewith inventoryvaluation and

capitalconsumptionadjustments

Farm

10.911512.112.112.010.813.014.112.712.814.614.815.519532.625924218717.922.926.613823.71646.0

24824.925232.328236'.836.330238.032.035.029.036.139.436.033.927.634228.031.036.737.939.937.331.535.826.134.440.835.131.932.328.527.628.131.838.445.851.8

Nonfarm

39.639140.942.944.348.350.453.556.460.562.563.268.375880.7854923

1088122:91392150.81541154.61535175.82131232.52426260.629473082324.6332.7371.5388.1415.9449.3318.6323.3329.6327.1321.6331.0337.1341.1359.8368.9372.3385.1382.0381.8388.1400.5380.3419.3426.8437.1443.5447.1451.5454.9461.1469.4474.6

'The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-26 in that it ex-cludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.


330


TABLE B—27.—Sources of personal income, 1959—96—Continued


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

I II l lIV

1991:1I II l lIV

1992-1III l lIV

1993-1III l lIV

1994:1I II l lIV

1995:1III l lIV

1996: 1III I I

Rentalincome

ofpersons

withcapital

con-sumptionadjust-

ment

18.219.119.820.621.321.722.523.224.423.724.424.725.825.727.427.526.626.324.726.528.435.345.747.647.251.049.142.345.555.752.461.468.480.6

102.5116.6122.255.557.964.867.366.666.367.673.078.680.970.892.398.4

102.9104.1104.5101.1121.0122.2121.9120.6121.6120.9125.8126.9124.5127.0

Personaldividendincome

12.713.414.015.016.118.020.220.922.124.525.123.523.525.527.729.629.235.039.544.350.557.567.266.977.479.488.3

105.1101.1109.9130.9142.9153.6159.4186.8199.6214.8142.0143.4143.3142.7149.3153.1156.4155.7152.3154.5160.8170.1180.0185.4189.7192.1193.2197.5201.0206.7209.5212.2215.8221.7226.6229.3231.5

Personalinterestincome

22.725.026.929.332.436.140.344.949.554.660.869.275.781.894.1

112.4123.0134.6155.7184.5223.6274.7337.2379.2403.2472.3508.4543.3560.0595.5674.5704.4699.2667.2648.1663.7717.1690.6701.1711.6714.2705.4702.2697.0692.3674.1673.0661.2660.4659.3652.2640.9639.9641.0659.6673.3680.9704.6716.6719.9727.2726.1733.1742.9

Transfer payments to persons

Total

27.028.832.834.136.237.941.145.754.663.270.384.6

100.1111.8127.9151.3190.2208.3223.3241.6270.7321.5365.9408.1439.4453.6486.5518.6543.3577.6626.0687.8769.9858.2910.7956.3

1.022.6670.5678.1690.67120746.4763.2774.9795.1838.3853.5865.3875.8895.9906.9916.4923.6939.5949.8961.4974.7

1,002.41.016.81,029.91,041.41.063.01,075.61,085.1

Old-age,survivors,disability,

andhealthinsur-ance

benefits

10.211.112.614.315.216.018.120.825.530.232.938.544.549.660.470.181.492.9

104.9116.2131.8154.2182.0204.5221.7235.7253.4269.2282.9300.4325.1352.0382.3414.0444.4472.9507.4348.1348.6352.6358.7374.6380.0384.7389.9405.4412.2416.9421.5436.8441.9446.7452.1463.6470.4475.6482.1497.6505.1510.7516.1529.9536.3541.7

Govern-mentunem-

ploymentinsur-ance

benefits

2.83.04.33.13.02.72.31.92.22.12.24.05.85.74.46.8

17.615.812.79.79.8

16.115.925.226.315.915.716.314.513.314.418.126.838.934.023.721.616.417.118.220.924.527.726.029.239.240.438.737.134.434.334.732.627.923.921.821.221.221.022.022.222.222.022.0

Veteransbenefits

4.64.65.04.74.84.74.94.95.65.96.77.78.89.7

10.411.814.514.413.813.914.415.016.116.416.616.416.716.716.616.917.317.818.319.320.120.220.918.017.817.717.818.118.718.318.220.418.918.819.120.120.320.220.020.020.020.420.320.820.721.121.021.722.021.9

Govern-ment

employ-ees

retire-ment

benefits

2.83.13.43.74.24.75.26.16.97.68.7

10.211.813.816.019.022.726.129.032.736.943.049.454.658.060.966.670.776.082.287.694.5

102.2109.0116.4125.8135.593.093.794.996.4

102.2101.6102.3102.9107.8108.6109.0110.5114.2115.8117.2118.5120.2124.6128.1130.4132.9135.5136.4137.3138.4142.1143.5

Aid tofamilies

withdepend-

entchildren(AFDC)

0.91.01.11.31.41.51.71.92.32.83.54.86.26.97.27.99.2

10.110.610.711.012.413.013.314.214.815.416.416.717.318.019.822.023.323.924.223.319.119.520.020.521.121.822.222.723.023.123.423.523.724.024.024.124.224.224.224.123.823.523.122.822.522.021.6

Other

5.76.16.57.07.68.29.0

10.312.214.516.219.423.026.129.535.744.749.152.458.466.880.889.794.1

102.6109.9118.7129.3136.6147.6163.6185.6218.2253.8271.8289.5313.9175.9181.4187.2197.6205.9213.5221.4232.2242.5250.2258.5264.2266.7270.6273.6276.3283.6286.7291.3296.53061311.1316.6322.0328.3331.2334.4

Less:Personalcontribu-

tionsfor

socialinsurance

7.99.39.7

10.311.812.613.317.820.622.926.227.930.734.542.647.950.455.561.269.881.088.6

1045112.3119.7132.7149.0162.1173.7194.2210.8223.9235.8248.4259.6278.1294.5221.0222.3225.9226.4233.0234.6236.9238.9245.2247.4249.7251.4252.3259.3261.9265.0271.4277.6279.9283.5290.2292.7296.2298.8301.0305.8309.7

Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based onthe 1987 Standard Industrial Classification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.


331


TABLE B-28.—Disposition of personal income, 1959-96

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

Year or quarter

1959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992-1993199419951990-1

I IIllIV

1991:1I II l lIV

1992-1III l lIV

1993-1I IIllIV

1994-1I II l lIV

1995:1I II I IIV

1996:1IIIll

Personalincome

393.5411.7429.1456.1479.1513.5555.8604.7649.7713.5778.2836.1898.9987.3

1.105.61.213.31,315.61.455.41.611.41.820.22.049.72,285.72.560.42.718.72.891.73.205.53.439.63.647.53.877.34.172.84,489.34,791.64.968.55,264.25.480.15.753.16.115.14.687.84.771.54,838.44,868.64,885.64.950.24.989.35.048.95.151.95,225.15.264.65.415.3

.5,349.15,459.25,501.65,610.55,562.45,739.15,808.25,902.76,00456,074.46,146.96,234.56,308.56.412.46,501.4

Less:Personaltax andnontax

payments

44.548.750.354.858.056.061.971.077.992.1

109.9109.0108.7132.0140.6159.1156.4182.3210.0240.1280.2312.4360.2371.4369.3395.5437.7459.9514.2532.0594.9624.8624.8650.5689.9731.4794.3613.0628.2630.8627.1622.3620.5623.7632.5636.7640.0650.6674.8662.4686.9696.4713.8705.5740.8731.3748.1770.0801.5798.4807.2824.9870.6872.5

Equals:DS!fpersonalincome

349.0362.9378.8401.3421.1457.6493.9533.7571.9621.4668.4727.1790.2855.3965.0

1.054.21.159.21.273.01.401.41.580.11,769.51,973.32.200.22,347.32.522.42.810.03,002.03,187.63.363.13,640.83.894.54.166.84,343.74.613.74.790.25.021.75.320.84.074.84.143.34.207.64,241.54.263.34,329.64,365.64.416.44.515.24.585.14,613.94,740.54,686.74,772.34,805.24396.74,856.84.998.35.076.95,154.65.234.55.272.95.348.55.427.35.483.55.541.85.628.9

Less: Personal outlays

Total

324.7339.6350.5371.8392.5422.1456.2494.7523.0574.6621.4666.1721.6791.6875.4956.6

1,054.81.176.71,308.91,467.61.639.51,811.52,001.12,141.82,355.52,574.42,795.82,991.13,194.73,451.73,706.73.958.14,097.44,341.04,575.84.832.35.071.53,875.83,929.43.999.34,027.94.032.54,083.34.123.94,149.84.250.04,304.84,359.54,450.04,489.24,545.54,602.24,666.34,728.04,796.14,870.84,934.24,980.35,054.45,106.65,144.75,218.15,300.75,329.8

Personalcon-

sumptionexpendi-

tures

318.1332.2342.6363.4383.0411.4444.3481.9509.5559.8604.7648.1702.5770.7851.6931.2

1,029.11,148.81,277.11.428.81,593.51,760.41,941.32.076.82,283.42,492.32,704.82,892.73,094.53,349.73,594.83,839.33,975.14,219.84,454.14,700.94.924.93,759.23,811.83,879.23,907.03,910.73,961.04,001.64,027.14,127.64,183.04,238.94,329.64,367.64,424.84,481.04,543.14,600.94,666.24,738.34,798.24,840.64,910.54,957.94,990.55,060.55,139.45,165.4

Interestpaidby

persons

6.17.07.37.88.9

10.011.112.012.513.815.716.817.819.622.424.224.526.730.737.544.549.454.658.865.574.783.290.391.592.9

102.4108.9111.9111.7108.9117.2131.7106.7108.0109.8110.9111.4112.0112.0112.1112.9112.1111.4110.4109.0108.0108.5110.0113.0115.8118.4121.5125.3129.8134.0137.8141.9145.1148.2

Per-sonal

transferpay-

mentsto restof theworld(net)

0.4.5.5

'6

'.K.8

1.01.01.11.21.31.31.41.21.21.21.21.31.41.65.26.26.57.47.88.18.79.19.69.9

10.49.6

12.814.214.99.99.5

10.210.110.410.310.210.69.49.79.29.9

12.612.712.813.114.114.114.114.514.414.114.716.515.716.216.2

Equals:Personalsaving

24.323.328.329.528.635.537.839.148.946.846.961.068.663.689.697.6

104.496.492.5

112.6130.1161.8199.1205.5167.0235.7206.2196.5168.4189.1187.8208.7246.4272.6214.4189.4249.3199.0213.9208.3213.5230.8246.3241.7266.6265.2280.3254.5290.5197.4226.8202.9230.5128.8202.2206.2220.4254.2218.5241.9282.6265.4241.1299.1

Percent of disposablepersonal income '

Personal outlays

Total

93.093.692.592.693.292.392.492.791.592.593.091.591.392.690.790.791.092.493.492.992.691.890.991.293.491.693.193.895.094.895.295.094.394.195.596.295.395.194.895.095.094.694.394.594.094.193.994.593.995.895.395.895.397.496.095.995.795.195.995.594.895.295.794.7

Personalcon-

sumptionexpendi-

tures

91.191.590.590.690.989.990.090.389.190.190.589.188.990.188.288.388.890.291.190.490.189.288.288.590.588.790.190.892.092.092.392.191.591.593.093.692.692.392.092.292.191.791.591.791.291.491.291.991.393.292.793.392.894.793.493.393.192.593.192.792.092.392.791.8

Personalsaving

7.06.47.57.46.87.77.67.38.57.57.08.48.77.49.39.39.07.66.67.17.48.29.18.86.68.46.96.25.05.24.85.05.75.94.53.84.74.95.25.05.05.45.75.56.05.96.15.56.14.24.84.24.72.74.04.14.34.94.14.55.24.84.35.3

i Percents based on data in millions of dollars.Source: Department of Commerce, Bureau of Economic Analysis.

332


TABLE B-29-—Total and per capita disposable personal income and personal consumption expenditures

in current and real dollars, 7939-96[Quarterly data at seasonally adjusted annual rates, except as noted]

Year orVJUOllcl

19591960196119621963196419651966196719681969

197019711972197319741975197619771978 .:19791980198119821983198419851986198719881989

1990199119921993199419951990:1

IIIllIV

1991:1IIIllIV

1992:1II111 Z~IV

1993:1IIIllIV

1994:1IIIllIV

1995:1IIIllIV

1996:1IIIII

Disposable personal income

Total (billions ofdollars)

Currentdollars

349.0362.9378.84013421.1457.6493.9533.7571.9621.4668.4727.1790.2855.3965.0

1,054.21.159.21.273.01.401.41.580.11.769.51.973.3220022.347.3252242.810.03.002.03.187.63.363.13.64083.894.54.166.84.343.74.613.74,790.25.021.75.320.84.074.84.143.34.207.64.241.54.263.34.329.64.365.64.416.44.515.24,585.14.613.94.740.54,686.74,772.34.805.24,896.74,856.84.998.35.076.95.154.65.234.55.272.95.348.55.427.35.483.55,541.85,628.9


1.530.11.565.41.615.8169371.755.51.881.92.000.22.106.62.198.42.298.22.373.62.465.62.564.02.680.82.869.42,847.02.895.03.008.03.105.13,264.23353.93,373.3345233J483.0357993'.842.03.958.64.087.04.154.14,31814.403.74,484.64,486.54.613.74.666.94.778 24.945.84.475.54.494.34.499.74.468.84,452.74.492.64.494.24,506.34.565.64.599.84.600.64.688.74.603.04,658.04.674.84.731.74,666.54.776.04,810.24.859.94,903.84.907.14.959.55,012.95.037.65.054.55.114.6

Per capita(dollars)

Currentdollars

1.9702.0082.06221512.2252.3842,5412,7152.8773.0963.2973.5453.8054.0744.5534.9285.3675.8376.3627,0977.8618.6659566

10.1081076411,88712.58713.24413.84914.85715,74216.67017.19118.06218.55519,26420,2241636916.60216.81016,8%16.94117.16117.25317.40517.75317.97918.03618.47818.22518.51318.58918.89218.69919,20019.45219.70019.96520,0682030620.55520.72720,90021.177


8.6388,6608,79490779.2749,805

10.29210.71511.06111,44811.70812.02212.34512.77013.53913.31013.40413.79314.09514,66214.89914.8131500914.9991527716.25216.59716.98117.1061762117.80117.94117.75618.06218.0781833018.79917.97918.00817.97717.80217.69417,80717,76117,75917,95118.03617.98418.27717.90018.06918,08418.25617,96618.34618.43018.57418.70418.67618.82918.98619.04119.06319,242


Total (billions ofdollars)

Currentdollars

318.13322342.636343834411.4444.3481.9509.5559.8604.7648.1702.5770.7851.6931.2

1.029.11.148.81.277.11,428.81.593.51.760.4194132 076.8228342>92.32.704.82.892.73,094.5334973,594.83,839.33.975.14.219.84,454.1470094,924.93,759.23.811.83.879.23.907.03.910.73.961.04.001.64.027.14.127.64.183.04.238.94.329.64.367.64,424.84,481.04.543.14,600.94.666.24.738.34.798.24.840.64.910.54.957.94.990.55.060.55,139.45.165.4


1394.614326M6L5153381,596.61.692.31,799.11,902.01,958.62,070.22,147.52,197.82,279.52,415.92,532.62,514.72,570.02,714.32,829.82,951.63,020.2300973046430815324063,407.63,566.53,708.73,822.3397274;064.64,132.24,105.84,219.84,339.5447324J577.84,128.94,134.74,148.54,116.44,084.54,110.04,119.54,109.14,173.84,196.44,226.74,282.34,289.74,318.84,359.54,390.04,420.54,458.74,489.44,524.04,534.84,569.94,597.34,609.44,649.14,687.64,693.5

Per capita(dollars)

Currentdollars

1,79618381,86519482i0232,1442,2862,4512,5632,7892,9823,1603,3833,6714,0184,3534,7655,2685,7976,4187,0797,73084408^9439744

W54311,34112,01912,7431366914,53115,36015,73216,52017,2531803318,71915,10215,27415,49815,56415,54015,70015,81515,87116,22916,40216,57016,87716,98417,16417,33517,52817,71417,92418,1541833818,46318,68918,82318,90119,12819,38319,433


7,8737,9267,95482208,4348,8179,2579,6749,854

10,31310,59310,71710,97511.50811.95011,75611,89912,44612,84613,25813,41713,2161324513,2701382914,41514,95415,40915,7401621116,43016,53216,24916,52016,80917 15917,40016,58716,56816,57416,39816,23116,29116,28016,19416,41016,45416,52216,69216,68116,75416,86416,93717,01917,12717,20017,29017,29617,39317,45417,45817,57317,67917,657

Gross domesticproduct

per capita(dollars)

Currentdollars

2,86429132,96531363,2613,4553,7004.0074,1944,5364,8455,0505.4195,8946.5246.9987,5508,3419,201

10,29211.361122261354713,9611499816',50817,52918,37419,3232060521,98422,97923,41624,44725,3832660627,57122,73923,04423,10223,03123,13623,35523,51523,65524.07024,31624,51624,88125,05425,23925,43325,80626,08826,46926,79327,07127,27027,42127,75227,84028.07228,45528,653


12,4901251212!5711312513>9214,08314,79215,56515.80016,38216,71216,52016,85317,57918.41218.17817,89618,71319,42620,18520,541202522054219'911205272173622,34522,81023,2602392424>9724,55924,05824,44724,7382535225,63024,72224,74124,55124,22424,03324,07524,06524,05824,28024,36624,47424.66424,60224,65824,73324,95925,05825,30525,45925,58325,55925,55125,72725,68125,75725,99426,066

Popula-tion

f thnuluiOU-sands) '

177.130180 760183.742186 590189.300191.927194,347196,599198.752200.745202,736205.089207,692209,924211,939213,898215,981218,086220,289222,629225,106227,726230 008232J218234 332236394238,506240,682242,842245061247,387249,956252,680255,432258,159260 681263,090248,928249,564250,299251,031251,650252,295253,033253,743254,338255,032255,815256,543257,155257,787258,501259,192259,738260,327261,004261,653262,181262,748263,399264,032264,563265,155265,806

1 Population of the United States including Armed Forces overseas-, includes Alaska and Hawaii beginning 1960. Annual data are averagesof quartern; data. Quarterly data are averages for the period.

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

333


TABLE B-30.—Gross saving and investment, 1959-96

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

Year orquarter

1959I96019611962196319641965196619671968196919701971197219731974197519761977B78197919801981198219831984198519861987198819891990199119921993199419951990:1

II ....Ill ...IV ...

1991:1II ....Ill ...IV ...

1992:1II ....Ill ...IV ...

1993:1II ....Ill ...IV ...

1994:1II ....Ill ...IV ...

1995:1II ....Ill ...IV ...

1996:1II ....Ill ...

Gross saving

Total

109.0113.911681274135.414581610171.7174.41858202.9198.2215.3244.9297.53023298.3340.9395.5477.4540.9547.4651.1604.7589.6751.5746.7721.0780.9877.2907.9904.4935.3905.4935.5

1,056.31,151.8

896.1940.7895.0885.7983.5928.1905.4924.0921.5915.1901.0884.0908.7923.8937.5972.1

1,034.31,065.41,054.91,070.7

1,115.01,102.91,168.61,220.61,217.91,244.51,314.0

Gross private saving

Total

82.882.188697.1

100.311291244132.6144.71461149.0164.7190.7202.7242.3252.7302.2317.5349.4405.0449.1489.5581.9610.1619.1737.5731.5710.1727.2808.4815.9861.7931.9971.9962.4

1,006.71,071.8

850.28863838.9871.2928.2927.8918.0953.7977.8980.5987.8941.3981.0951.8962.4954.6

1,013.59913

1,003.81,0183

1,043.81,018.51,085.91,138.91,133.81,121.61,196.1

Per-sonalsaving

24323328329.528.635.537839.148.946846.961.068.663.689.697.6

104.496.492.5

112.6130.1161.8199.1205.5167.0235.7206.2196.5168.4189.1187.8208.7246.4272.6214.4189.4249.3199.0213.92083213.5230.8246.3241.7266.6265.22803254.5290.5197.4226.8202.9230.5128.8202.2206.2220.4

254.2218.5241.9282.6265.4241.1299.1

Gross business saving

Total1

58.458.860267.671.777.486693.595.999.3

102.1103.8122.1139.1152.7155.2197.8221.1256.9292.4319.0327.6382.8404.6452.1501.9525.3513.6558.86193628.1653.0685.6699.2748.08173822.5651.2672.4630.6657.7697.4681.56763687.2712.6700.1733.4650.8783.6725.0759.5724.1884.7789.1797.6797.9

789.6800.0844.08563868.4880.5897.0

Undis-trib-uted-corpo-rate

profits2

13.912.713018.721.224.429931.728.926322.617.727334.537.621.540.147.053.462.053.523.033.326.354.391.092.954.275.7

103.376.277.286.088.9

1033123.2140.685.699.250.073.8

105.085.174.979.1

111.393.752.997.785.789.4

110.1128.283.9

132.7137.2138.8121.0123.5159.6158.4171.8176.3182.5

Corporateand non-corporateconsump-

tion offixed

capital

44.546.147248.950.553156761.867.073079.586.194.4

104.9115.1133.7157.7174.1203.5230.4265.5304.6349.5378.3397.8410.9432.4459.4483.2516.0551.9575.8599.6626.1640.0678.7679.2565.6573.2580.6583.9592.5596.4601.4608.1601.3606.4680.5616.2633.8634.6648.46433748.7652.7656.7656.6

664.6673.6681.8697.0694.7704.2714.6

Gross government saving

Total

26.231.828330335.132936639.229.739753.932.623.941.555.151.5-3.923.546.172.490.756.868.1-53

-29.414.015.210.853.668.892.042.73.3

-66.5-26.9

49.680.045.954.556.114.555.3

.2-12.6-29.7-563-65.3-86.9-573-723-28.0-24.9

17.520.874.151.152.471.284.482.781.784.1

122.9117.8

Federal

Total

12.817.813614.017.213.015915.65.6

12024.32.2

-8.5-2.48.75.1

-49.9-31.9-193-2.813.0

-26.8-20.6-92.8

-131.8-111.9-116.9-127.9-77.2-67.0-56.4-94.0

-132.2-215.0-187.4-119.6-87.8-94.8-84.4-81.9

-115.0-72.0

-132.9-149.7-174.0-2022-213.9-231.5-212.5-217.2-182.5-185.7-164.2-1432-99.7

-118.1-117.4

-992-86.9-84.6-80.7-82.0-54.1-48.4

Con-sump-tionof

fixedcapital

10.210.510.711.211.812.112513.013.914.915.616.216.918219.922.024.025.427.028.931.534.137.141.942.644.146.149.651.754.357.060.763.965.968270.673.859359.760.862.862.663.964.364.865265.866.066.567.367.768.669.169.570.070.472.773.574273.873.873272.6723

Currentsurplus

ordeficit

(NIPA)

2.67.42.92.85.4

3^42.6

-8.3-2.8

8.7-14.1-25.3-20.5-11.1-16.9-73.9-57.2-463-31.7-18.4-61.0-57.8

-134.7-174.4-156.0-162.9-177.5-128.9-121.3-113.4-154.7-196.0-280.9-255.6-190.2-161.7-154.1-144.1-142.6-177.7-134.6-196.7-214.0-238.8-267.4-279.6-297.5-279.0-284.5-250.2-254.4-2333-212.7-169.6-188.5-190.1

-172.6-161.1-158.5-154.5-1552-126.7-120.8

State and local

Total

13.514.014716.317.919.920823.524.127.629.630.432.443.946.446.546.055.365.475.177.783.688.787.5

102.4125.9132.0138.8130.8135.8148.4136.7135.5148.6160.5169.2167.9140.7138.9137.9129.4127.3133.1137.1144.4145.9148.5144.6155.2144.9154.5160.9181.7164.0173.7169.2169.8170.4171.3167.3162.4166.1177.01663

Con-sump-

tionof

fixedcapital

3.94.04 34.64.95.2576.36.8768.59.6

10.711.713.016.018.419.420.722.525.429.233.336.237.539.041.043.947.149.953.356.659.662.365.669.472.955.256.157.257.958.659.460.060.661.162.062.763.564.465.366.066.769.268.569.670.571.472.373.474.375.176.077.1

Currentsurplus

ordeficit

(NIPA)

9.69.9

10411.713.014715117.317.320021.120.821.732.233.430.527.635.944.752.652.354.455.451.364.986.991.094.983.885.995.180.175.886.394.999.795.085.582.880.771.568.873.777.183.884.886.682.091.780.589.194.9

115.094.8

105.299.699.399.099.093.988.191.0

101.089.2

Capi-tal

grantsreceived

by theUnitedStates(net) 3

0.9.7.7

0«-2.0

00001.11.21.100000000000000000000000000000000000000000

1 Includes private wai'With inventory valuation and capital consumption3 Consists mainly of allocations of special drawingSee next page for continuation of table.

(SORs).

334


TABLE B-30.—Gross saving and investment, 1959-96—Continued[Billions of dollars except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

1959 .1960196119621963196419651966196719681969197019711972 ...197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990 1

I IIIIIV

1991-1I IIIIIV

1992-1I IIIIIV

1993: 1III l lIV

1994-1III I IIV

1995-1III I IIV

1996-1I II I I

Gross investment

Total

106.9110.2113.5125.0131.9143.8159.6174.4175.1186.0200.7199.1220.4248.1299.9306.7309.5359.9413.0494.9568.7574.8665.7601.8626.2755.7748.0743.1764.2828.7919.5920.5944.0949.1993.5

1,090.41,150.9

939.2958.1911.3873.4977.0933.7922.6942.8944.7951.4952.6947.6988.2983.5987.4

1,014.81,058.41,095.31.100.21,107.61,145.01,123.21,161.51,173.91,167.91,187.01,215.9

Grossprivatedomes-

ticinvest-ment

78.878.877.987.993.4

101.7118.0130.4128.0139.9155.0150.2176.0205.6242.9245.6225.4286.6356.6430.8480.9465.9556.2501.1547.1715.6715.1722.5747.2773.9829.2799.7736.2790.4871.1

1,014.41,065.3

822.5835.2804.9736.1723.6716.2743.9760.9755.2790.8799.7816.1843.6855.9873.8911.2957.6

1,016.51,033.61,050.11,072.01,050.31,074.81,064.01,068.91,096.01,156.2

Grossgovern-

mentinvest-ment4

29.328.231.333.233.534.535.440.143.544.343.944.043.145.448.356.062.764.465.474.685.396.4

102.1106.9116.5131.7149.9163.5173.5172.9182.7199.4200.5209.1210.6212.3221.9196.0196.7199.7205.4198.1201.5201.3201.4209.5209.3208.9208.8207.1210.6209.8214.7207.3208.5217.2216.3219.1223.7224.7220.1228.8235.1234.2

Netforeigninvest-ment5

-1.23.24.33.95.07.56.23.93.51.71.84.91.3

-2.98.75.1

21.48.9

-9.0-10.4

2.612.5

7.4-6.1

-37.3-91.5

-116.9-142.9-156.4-118.1

-92.4-78.6

7.3-50.5-88.2

-136.4-136.3

-79.4-73.8-93.3-68.1

55.316.0

-22.6-19.4-19.9-48.7-56.0-77.2-62.6-83.0-96.2

-111.0-106.5-129.7-150.6-158.9-146.2-150.8-138.1-110.2-129.9-144.2-174.6

Statisti-cal

discrep-ancy

-2.1-3.7-3.3-2.4-3.5-2.1-1.4

2.7.6.2

-2.21.05.13.22.44.5

11.218.917.517.627.827.414.6-2.936.5

4.21.3

22.1-16.6-48.6

11.616.18.8

43.758.034.1-.9

43.017.416.3

-12.3-6.5

5.617.218.823.336.251.663.679.559.849.842.824.130.045.336.930.020.3-7.1

-46.7-50.0-57.5-98.1

Addenda:

Grosssavingas a

percentof

grossnationalproduct

21.421.521.321.621.821.822.221.720.820.320.519.019.019.721.320.018.118.619.320.620.919.420.718.516.619.117.816.316.617.316.615.715.814.514.315.215.915.816.315.415.216.815.715.215.415.014.714.313.814.114.214.214.515.315.515.115.115.615.316.016.616.416.517.3

Personalsavingas a

percentof

dispos-able

personalincome

7.06.47.57.46.87.77.67.38.57.57.08.48.77.49.39.39.07.66.67.17.48.29.18.86.68.46.96.25.05.24.85.05.75.94.53.84.74.95.25.05.05.45.75.56.05.96.15.56.14.24.84.24.72.74.04.14.34.94.14.55.24.84.35.3

4 For details on government investment, see Table B-185 Net exports of goods and services plus net receipts of factor income from rest of the world less net transfers plus net capital grantsreceived by the United States. See also Table B-22.6Consists of a U.S. payment to India under the Agricultural Trade Development and Assistance Act. This payment is included in capitalgrants received by the United States, net.

Source: Department of Commerce. Bureau of Economic Analysis.

335


TABLE B— 31.—Median money income (in 1995 dollars) and poverty status of families and persons,

by race, selected years, 1977-95

Year

ALL RACES197719781979 4

1980198119821983s

1984198519861987 6

19881989199019911992 7

199319941995WHITE1977197819794

1980198119821983s

1984198519861987 6

1988 .1989199019911992 7

199319941995BLACK197719781979 4

19801981 .19821983s

1984198519861987 6

19881989199019911992 7

19931994 ...1995

Families1

Num-ber

(mil-lions)

57.257.859.660.361.061.462.062.763.664.565.265.866.166.367.268.268.569.369.6

50.550.952.252.753.353.453.954.455.055.756.156.556.656.857.257.757.958.458.9

5.85.96.26.36.46.56.76.86.97.17.27.47.57.57.78.08.08.18.1

Medianmoneyincome

1995dol-

lars)2

$38,60439,82740,33938,93037.86837,35637,75438,77239.28340.96241,54841,47042,04941,22340.21439,72738,98039,88140,611

40,36741,47142.09340,56139.77839.22139,53440,61041,29042.84043,44643,69144,21443,04442,27742.00541,44942,04342.646

23,06024,56223.83623,46922,43921,67722,28022,63423,77524.47924,69324,90124,83824,98024,11122,92322,72025,39825,970

Below poverty level

Total

Num-ber

(mil-lions)

5.35.35.56.26.97.57.67.37.27.07.06.96.8717.78.18.48.17.5

3.53.53.64.24.75.15.24.95.04.84.64.54.44.65.05.35.55.35.0

1.61.61.71.82.02.22.22.12.02.02.12.12.12.22.32.52.52.22.1

Per-cent

9.39.19.2

10.311.212.212.311.611.410.910.710.410.310.71J.511.912.311.610.8

7.06.96.98.08.89.69.79.19.18.68.17.97.88.18.89.19.49.18.5

28.227.527.828.930.833.032.330.928.728.029.428.227.829.330.431.131.327.326.4

Femalehouseholder

Num-ber

(mil-lions)

2.62.72.63.03.33.43.63.53.53.63.73.63.53.84.24.34.44.24.1

1.41.41.41.61.81.81.91.92.02.02.01.91.92.02.22.22.42.32.2

1.21.21.21.31.41.51.51.51.51.51.61.61.51.61.81.91.91.71.7

Per-cent

31.731.430.432.734.636.336.034.534.034.634.233.432.233.435.635.435.634.632.4

24.023.522.325.727.427.928.327.127.428.226.926.525.426.828.428.529.229.026.6

51.050.649.449.452.956.253.751.750.550.151.149.046.543.151.250.249.946.245.1

Personsbelow

poverty level

Num-ber

(mil-lions)

24.724.526.129.331.834.435.333.733.132.432.231.731.533.635.738.039.338.136.4

16.416.317.219.721.623.524.023.022.922.221.220.720.822.323.725.326.225.424.4

7.77.68.18.69.29.79.99.58.99.09.59.49.39.8

10.210.810.910.29.9

Per-cent

11.611.411.713.014.015.015.214.414.013.613.413.012.813.514.214.815.114.513.8

8.98.79.0

10.211.112.012.111.511.411.010.410.110.010.711.311.912.211.711.2

31.330.631.032.534.235.635.733.831.331.132.431.330.731.932.733.433.130.629.3

Median money income (in 1995 dollars)of persons 15 years old and over with

income2 3

Males

Allpersons

$24,41124,68924,25823,20322.78922,23822,43322,88223.10223,79723,86124.35824,44923,66222.90422,21922,25622,33622,562

25,56825,85825,34224,68024,18123,51023.60124,15424,23525,11325,36225,71225,64124,68523,94023,25223,18323,31123,895

15,17215,49115.68714,83114,37914,08913,80213,85815,25115,04815,04515,51615,49715,00414,50414,19115,40315,40716,006

Year-round

full-timeworkers

$36,34036.26435,99735,50435,00034,52134,40235,20935,40836,00635,79435,22334,92833.79033,93933,49132,77632,50832,199

37,08236,93737.03736,51735,82235,44135,31736,41536,39037,01136,62836,40936,46835,07534,63534,28733,57233,35933,515

25,56628,29026,69325,69325,34525,17225,19624,85225,45326,09426,19026,68725,44625,04725,31924,97424.85425,09724,798

Females

Allpersons

$9,5039,1858,9639,1119,2329,3859,800

10,07410,22210,58211,12811,44511,82811,74211,72211,638li.65011,7911?.130

9,6489,2959,0479,1619,3359,5129,972

10,19310,42010,79011,41311,72712,05912,03011,99611,90811,88211,96012.316

8,3318,3708,2348,4818,2938,3908,5219,0418,8909,1309,3229,4679,6799,7119,8659,653

10,02810,84310,961

Year-round

full-t imeworkers

$21,25421.76721,68821.46421,07021,78122,13522,62123,01923,42023,56323,89124,13624,01023,77223.99823,69723,92423,777

21,38921,97321,87821,67121,42222,07422,43022,84523,34423,77923,99924,24924,42224,29924,11924,27624,23524,57124,264

19,99020,36520,04720,21219,34719,72919,91020,58820,66520,80821,43521,72921,96421,62321,41022,00521,42621,21321,079

'The term "family" refers to a group of two or more persons related by birth, marriage, or adoption and residing together. Every familymust include a reference person. Beginning 1979, based on householder concept and restricted to primary families.

'Current dollar median money income deflated by CPHJ-X13 Prior to 1979, data are for persons 14 years and over.4 Based on 1980 census population controls; comparable with succeeding years.s Reflects implementation of Hispanic population controls; comparable with succeeding years.6 Based on revised methodology, comparable with succeeding years.7 Based on 1990 census adjusted population controls; comparable with succeeding years.Note.—Poverty rates (percent of persons below poverty level) for all races for years not shown above are: 1959, 22A, 1960, 22.2; 1961,

21.9; 1962, 21.0; 1963, 19.5; 1964, 19.0; 1965, R3; 1966. 14.7; 1967. 14.2; 1968, 12.8; 1969, 12.1; 1970, 12.6; 1971, 12.5; 1972, 11.9;1973,11.1; 1974,11.2; 1975,12.3; and 1976,11.8.

Poverty thresholds are updated each year to reflect changes in the consumer price index (CPI-U).For details see "Current Population Reports," Series P-60.Source: Department of Commerce, Bureau of the Census.

336


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

TABLE B-32.—Population by age group, 1929-96[Thousands of persons]

July 1

19291933193919401941194219431944 ..194519461947194819491950195119521953195419551956195719581959I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996

Total

121,767125 579130,880132,122133402134*860136,739138397139,928141,389144126146;631149.188152,271154,878157553160*184163,026165,931168903171*984174,882177830180671183,691186538189,242191889194303196,560198712200*706202677205052207*6612098%211*909213854215 973218035220239222*585225 055227,726229,966232188234̂ 307236348238,466240,651242,804245,021247,342249,913252,650255,419258,137260,660263,034265,455

Under 5

11,7341061210,41810,579108501130112*0161252412,97913,2441440614,91915,60716,41017,3331731217,63818,05718,566190031949419*887201752034120!5222046920,3422016519824192081856317,913173761716617244171011685116487161211561715564157351606316,4511689317228175471769517,84217,96318.0521819518,50818,84919,19819.50619.68919,7341959119,423

5-15

26,8002689725,17924,811245162423124,0932394923,90724,1032446825120925,85226,72127,2792889430,22731,48032,682339943527236,445373683849439,7654120541,6264229742938437024424444,622448404481644,5914420343*582429894250842,0994129840*4283955238.83838.1443778437*5263746137,45037,40437,3333759337,97238.58839,19739,90540,54641,2234192442,447

16-19

9,127930298229895984097309i60795619,3619,11990978,9528,7888,5428,44684148,4608,6378744891691959̂ 543102151068311*02511 18012*007127361351614311142001445214800152891568816039164461676917017171941727617,2881724217,167168121633215,8231529515,00515,02415,2151519814,9131444913,92913,67113,798140321428714,791

Age (years)

20-24

10,69411 1521151911,690118071195512*0641206212,03612,0041181411,79411,70011,68011,5521135011,06210,832107141061610603107561096911 134114831195912,7141326913746140501524815,786164801720218,1591815318,5211897519527199862049920,9462129721,59021,8692190221*8442173721,47820,94220,3851984619,44219,30719,35619,19218,89518,4511797217,456

2M4

35,862373193935439868403834086141,4204201642,52143,0274365744,28844,91645,67246,1034649546,78647,00147194473794744047,337471924714047*0844701346*994469584691247001471944772148064484734893650482517495305154302558525756159,4006137963,4706552867692697337173573,67375,65177,3387859579,94381 19682,44982,53082,849831808351183*814

45-64

21,0762293325,82326,2492671827 19627*6712813828,63029,0642949829,93130,40530,84931,3623188432,39432,94233506340573459135409356633620336,7223725537,7823833838916395344019340,846414374199942*4824289843235435224380144,0084415044̂ 864439044,50444,5004446244,4744454744,60244,66044,8544547145,8824628846,75848,34549,58350,8875221653,675

65 andover

6,47473638,7649,031928895849*8671014710,49410,82811 18511,53811,92112,39712,8031320313,61714,07614,525149381538815̂ 806162481667517*0891745717J78181271845118755190711936519680201072056121020215252206122696232782389224*5022513425,70726,2212678727*3612787828,41629,00829,6263012430,6823123531,76332,27032,777331523353233,849

Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.All estimates are consistent with decennial census enumerations.Source: Department of Commerce, Bureau of the Census.

337


TABLE B-33.—Civilian population and labor force, 1929-96

[Monthly data seasonally adjusted, except as noted]

Year or month

192919331939

19401941194219431944194519461947

1947194819491950195119521953s

195419551956195719581959

I9605

196119625

19631964196519661967196819691970197119725

1973 s

19741975197619771978s

19791980198119821983198419851986s

1987198819891990s

1991199219931994s

19951996

Civiliannonmsti-tuttonalpopula-

tion1

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-

cultural

Un-employ-

ment

Not inlaborforce

Thousands of persons 14 years of age and over

99,84099,90098,64094.64093,220

94,090103,070106,018

49,18051,59055,230

55,64055,91056,41055,54054,630

53,86057,52060,168

47,63038,76045,750

47,52050,35053,75054,47053,960

52,82055,25057,812

10,45010,0909,6109,5409,1009,2509,0808,950

8,5808,3208,256

37,18028,67036,140

37,98041,25044,50045,39045,010

44,24046,93049,557

1,55012,8309,480

8,1205,5602,6601,070

6701,0402,2702,356

44,20043,99042,23039,10038,590

40,23045,55045,850


101,827103,068103,994

104,995104,621105,231107,056108,321109,683110,954112,265113,727115,329117,245118,771120,153122,416124,485126,513128,058129,874132,028134,335137,085140,216144,126147,096150,120153,153156,150159,033161,910164,863

167,745170,130172,271174,215176,383178,206180,587182,753184,613186,393189,164190,925192,805194,838196,814198,584200,591

59,35060,62161,286

62,20862,01762,13863,01563,64365,02366,55266,92967,63968,369

69,62870,45970,61471,83373,09174,45575,77077,34778,73780,734

82,77184,38287,03489,42991,94993,77596,15899,009

102,251104,962

106,940108,670110,204111,550113,544115,461117,834119,865121,669123,869

125,840126,346128,105129,200131,056132,304133,943

57,03858,34357,65158,91859,96160,25061,17960,10962,17063,79964,07163,03664,630

65,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526

100,834105,005107,150109,597112,440114,968117,342

118,793117,718118,492120,259123,060124,900126,708

7,8907,6297,6587,1606,7266,5006,2606,2056,4506,2835,9475,5865,565

5,4585,2004,9444,6874,5234,3613,9793,8443,8173,6063,4633,3943,4843,4703,5153,4083,3313,2833,3873,347

3,3643,3683,4013,3833,3213,1793,1633,2083,1693,1993,2233,2693,2473,1153,4093,4403,443

49,14850,71449,993

51,75853,23553,74954,91953,90455,72257,51458,12357,45059,065

60,31860,54661,75963,07664,78266,72668,91570,52772,10374,29675,21575,97278,66981,59483,27982,43885,42188,73492,66195,477

95,93897,03096,12597,450

101,685103,971106,434109,232111,800114,142

115,570114,449115,245117,144119,651121,460123,264

2,3112,2763,637

3,2882,0551,8831,8343,5322,8522,7502,8594,6023,740

3,8524,7143,9114,0703,7863,3662,8752,9752,8172,832

4,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,273

10,67810,7178,5398,3128,2377,4256,7016,528

7,0478,6289,6138,9407,9967,4047,236

42,47742,44742,70842,78742,60443,09344,04144,67844,66044,40245,33646,08846,96047,61748,31249,53950,58351,39452,05852,28852,52753,29153,602

54,31555,83457,09157,66758,17159,37759,99160,02559,65959,900

60,80661,46062,06762,66562,83962,74462,75262,88862,94462,523

63,32464,57864,70065,63865,75866,28066,647

Civil-ian

laborforcepar-tici-

pationrate2

Civil-ianem-ploy-ment/pop-ula-tion

ratio3

Unem-ploy-mentrate,civil-

ianwork-ers4

Percent

55.756.057.258.758.657.255.856.8

58.358.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.566.266.466.366.666.666.8

47.650.454.557.657.956.153.654.5

56.056.655.456.157.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.861.761.561.762.562.963.2

3.224.917.214.6

9.94.71.91.21.93.93.9

3.93.85.95.33.33.02.95.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.66.87.56.96.15.65.4

1 Not seasonally adjusted.2 Civilian labor force as percent of civilian noninstitutiqnal population.3 Civilian employment as percent of civilian noninstitutional population.4 Unemployed as percent of civilian labor force.See next page for continuation of table.

338


TABLE B-33-—Civilian population and labor force, 1929-96—Continued


Year or month

1993:JanFebMarAprMay ... .JuneJulyAugSeptOctNovDec .

1994- Jan 5

FebMarAprMayJuneJulyAugSeptOctNovDec

1995- JanFebMarAprMayJuneJulyAug ..z:r: z.rr: ::SeptOctNovDec ..

1996: Jan _FebMarAprMayJuneJulyAugSeptOctNovDec

Civiliannoninsti-tuttonalpopula-tion1

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-

cultural

Un-employ-

ment

Not inlaborforce


193.962194,108194,248194,398194,549194,719194,882195,063195,259195,444195.625195,794195,953196,090196,213196,363196,510196,693196.859197,043197.248197.430197,607197,765197,753197,886198,007198.148198.286198.453198.615198.801199.005199,192199.355199.508199.634199.772199.921200.101200.278200,459200.641200.847201.060201.273201.463201.636

128,400128,458128,598128,584129.264129,411129,397129,619129,268129,573129,711129,941130,709130.685130,501130,644130,828130.590130,644131.223131,284131,676131.846131,847132.198132,140132,271132,613131,935131,978132,300132.246132.450132,564132,533132,422132.899133.070133,464133,427133.759133.709134,165133.898134.291134,636134,831135,022

119,075119,275119,542119,474120,115120,290120,467120,856120,554120,823121,169121,464121,999122,104122,001122,331122,961122,653122,717123,274123,544124,052124,474124,689124,766124,937125,070125,023124,577124,533124,804124,729124,927125,235125,124125,068125,311125.706126,062126,125126,428126,590126,889126,988127,248127,617127,644127,855

3,2223,1253,1193,0743,1003,1083,1263,0263,1743,0843,1573,1163,3073,3253,3543,4253,4123,2953,3433,4603,4413,4863,5763,5773,5303,5793,6253,5723,3503,4553,3983,3873,3073,4273,3403,3443,4983,4993,4703,4123,4743,4083,4703,4183,4803,4503,3543,426

115,853116,150116,423116,400117,015117,182117,341117,830117,380117,739118,012118,348118,692118,779118,647118,906119,549119,358119,374119,814120,103120,566120,898121,112121,236121,358121,445121,451121,227121,078121,406121,342121,620121,808121,784121,724121,813122,207122,592122,713122,954123,182123,419123,570123,768124,167124,290124,429

9,3259,1839,0569.1109,1499,1218,9308,7638,7148,7508,5428,4778,7108,5818,5008,3137,8677,9377,9277,9497,7407,6247,3727,1587,4327,2037,2017,5907,3587,4457,4967,5177,5237,3297,4097,3547,5887,3647,4027,3027,3317,1197,2766,9107,0437,0197,1877,167

65,56265,65065,65065,81465,28565,30865,48565,44465,99165,87165,91465,85365,24465,40565,71265,71965,68266,10366,21565,82065,96465,75465,76165,91865,55565,74665,73665,53566,35166,47566,31566,55566,55566,62866,82267,08666,73566,70366,45766,67466,51966,75066,47666,94966,77066,63766,63266,614

Civil-ian

laborforcepar-tici-

pationrate2

Civil-ianem-ploy-ment/pop-ula-tion

ratio3

Unem-ploy-mentrate,civil-ian

work-ers4

Percent

66.266.266.266.166.466.566.466.466.266.366.366.466.766.666.566.566.666.466.466.666.666.766.766.766.966.866.866.966.566.566.666.566.666.666.566.466.666.666.866.766.866.766.966.766.866.966.967.0

61.461.461.561.561.761.861.862.061.761.861.962.062.362.362.262.362.662.462.362.662.662.863.063.063.163.163.263.162.862.862.862.762.862.962.862.762.862.963.163.063.163.263.263.263.363.463.463.4

7.37.17.07.17.17.06.96.86.76.86.66.56.76.66.56.46.06.16.16.15.95.85.65.45.65.55.45.75.65.65.75.75.75.55.65.65.75.55.55.55.55.35.45.25.25.25.35.3

sNot strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census dataadded about 600,000 to population and 350.000 to labor force, total employment, and agricultural employment. Beginning 1960, inclusion ofAlaska and Hawaii added about 500,000 to population, 300.000 to labor force, and 240,000 to nonagricultural employment. Beginning 1962,introduction of 1960 census data reduced population by about 50,000 and labor force and employment by 200,000. Beginning 1972, introduc-tion of 1970 census data added about 800,000 to civilian noninstrtutional population and 333,000 to labor force and employment. A subse-quent adjustment based on 1970 census in March 1973 added 60,000 to labor force and to employment. Beginning 1978, changes in sam-pling and estimation procedures introduced into the household survey added about 250,000 to labor force and to employment. Unemploymentlevels and rates were not significantly affected. Beginning 1986, the introduction of revised population controls added about 400,000 to thecivilian population and labor force and 350,000 to civilian employment. Unemployment levels and rates were not significantly affected.

Beginning 1990, the introduction of 1990 census-based population controls, adjusted for the estimated undercount, added about 1.1 mil-lion to the civilian population and labor force, 880.000 to civilian employment, and 175,000 to unemployment. The overall unemployment raterose by about 0.1 percentage point

Beginning 1994, data are not strictly comparable with data for 1993 and prior years because of the introduction of a major redesign ofthe Current Population Survey and collection methodology.

Note.—labor force data in Tables B-33 through B-42 are based on household interviews and relate to the calendar week including the12th 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.

339


TABLE B-34.—Civilian employment and unemployment by sex and age, 1948-96

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

Year or month

19481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984198519861987198819891990199119921993199419951996

1995: JanFebMarAprMayJuneJulyAugSeptOctNovDec

1996-. JanFebMarAprMayJuneJulyAugSeptOctNovDec

Civilian employment

Total

58,34357,65158,91859,96160,25061,17960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,902

78,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526100,834105,005107,150109,597112,440114,968117,342

118,793117,718118,492120,259123,060124,900126,708

124,766124,937125,070125,023124,577124,533124,804124,729124,927125,235125,124125,068

125,311125,706126,062126,125126,428126,590

126,889126,988127,248127,617127,644127,855

Mates

Total

41,72540,925

41,57841,78041,68242,43041,61942,62143,37943,35742.42343,46643,90443,65644,17744,65745,47446,34046,91947,47948,11448,818

48,99049,39050,89652,34953,02451,85753,13854,72856,47957,607

57,18657,39756,27156,78759,09159,89160,89262,10763,27364,31565,10464,22364,44065,34966,45067,37768,207

67,49867,61767,70267,54467,16867,328

67,29067,13967,32867,42867,24067,290

67,52767,74267,85667,93268.18868,251

68,37668,36868,30468,64768,58968,707

16-19years

2,3442,124

2,1862,1562,1072,1361,9852.0952,1642.1152,0122,1982.3612.3152.3622,4062,5872,9183,2533,1863,2553.430

3.4093.4783,7654.0394,1033.8393.9474.1744.3364,300

4,0853.8153,3793.3003,3223.3283,3233,3813,4923,477

3,4273,0442,9442,9943,1563,2923,310

3,2763,2483,3473.3163.2423,327

3,3123,3083,2973,2453,2923,293

3,2693,3263,2943,3593,4003,318

3,3053,2033,3263,3483,2403,340

20years

over

39.38238,80339.39439.62639.57840,29639,63440.52641.21641,23940,41141.267

41,54341.34241.81542.25142.88643.42243.66844,29444,85945,388

45,58145,91247,13048.31048,92248,01849.19050,55552,14353,308

53,10153,58252,89153,48755,76956,56257,56958,72659,78160,837

61.67861,17861,49662.35563,29464.08564,897

64,22264,36964,35564,22863,92664.001

63.9786383164.03164,18363,94863,997

64,25864,41664.56264,57364,78864,933

65,07165.16564,97865,29965,34965,367

Females

Total

16.61716.723

17,34018.18118.56818,74918.49019,55120,41920,71420.61321,164

21.87422.09022.52523,10523,83124,74825.97626.89327,80729.084

29.68829,97631.25732.71533.76933,98935,61537,28939,56941,217

42.11743,00043,25644,04745.91547,25948.70650.33451.69653.027

53.68953,49654.05254.91056.61057,52358.501

57,26857,32057.36857.47957,40957,20557.51457.59057,59957.80757.88457.778

57.78457,96458,20658.19358.24058.339

58,51358,62058,94458,97059.05559.148

16-19years

1,6821.5881.5171.6111.6121.5841.4901,5471.6541,6631.5701.640

1.7681.7931.8331,8491,9292.1182,4682,4962.5262,687

2,7352,7302.9803,2313,3453.2633,3893,5143.7343,783

3,6253,4113.1703.0433.1223,1053.1493,2603.3133,2823,1542,8622,7242,8113,0053.1273.190

3,1173,0973,1993,1133.1173.167

3.0563.1713.1043,1503.1143.098

3.1003.1193.1523.1183.1733.143

3,1983,1223,3003,2893,3023,277

20yearsandover

14,93615,137

15.82416,57016,95817.16417,00018.00218,76719,05219,04319,524

20,10520,29620,69321,25721,90322.63023,51024.39725,28126,397

26.95227,24628,27629,48430.42430.72632,22633,77535,83637.434

38.49239,59040.08641.00442,79344.15445.55647,07448.38349.74550.53550.63451.32852.09953,60654.39655,311

54,15154,22354,16954,36654,29254,038

54,45854,41954,49554,65754,77054,680

54,68454,84555,05455.07555,06755.196

55.31555.49855.64455.68155.75355.871

Unemployment

Total

2.2763,6373,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,832

4,0935,0164,8824,3655,1567,9297,4066,9916,2026,137

7,6378,27310,67810,7178,5398,3128,2377,4256.7016,5287,0478,6289,6138,9407,9967,4047,236

7,4327,2037,2017,5907,3587,445

7,4967,5177,5237,3297,4097,354

7,5887,3647,4027,3027,3317,119

7,2766,9107,0437,0197,1877,167

Males

Total

1,5592,572

2,2391,2211,1851,2022,3441,8541,7111,8413,0982,420

2,4862,9972,4232,4722,2051,9141,5511,5081,4191,403

2,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,7444,5214,5304,1013,6553,5253,9064,9465,5235,0554,3673,9833,880

4,0743,8523,8244,0024,0343,990

3,9684,0734,0353,8564,0324,073

4,0594,0024,0803,9903,9323,859

3,9413,5933,7833,7163,7733,707

16-19years

256353

318191205184310274269300416398

426479408501487479432448426440

599693711653757966939874813811913962

1,0901,003812806779732667658667751806768740744733

691774673726740754

750782761762743767

761730756734724704

790714705742731705

20yearsandover

1,3052,219

1,9221,029980

1,0192,0351,5801,4421,5412,6812,022

2,0602,5182,0161,9711,7181,4351,1201,060993963

1,6382,0971,9481,6241,9573,4763,0982,7942,3282,308

3,3533,6155,0895,2573,9323,7153,7513,3692,9872,867

3,2394,1954,7174,2873,6273,2393,146

3,3833,0783,1513,2763,2943,236

3,2183,2913,2743,0943,2893,306

3,2983,2723,3243,2563,2083,155

3,1512,8793,0782,9743,0423,002

Females

Total

7171,065

1,049834698632

1.188998

1,0391,0181,5041,3201,3661,7171,4881.5981,5811,4521,3241,4681,3971,429

1,8552,2272,2222,0892,4413,4863,3693,3243,0613,018

3,3703,6964,4994,4573,7943,7913,7073,3243,0463,0033,1403,6834,0903,8853,6293,4213,356

3,3583,3513,3773,5883,3243,455

3,5283,4443,4883,4733,3773,281

3,5293,3623,3223,3123,3993,260

3,3353,3173,2603,3033,4143,460

16-19years

153223

195145140123191176209197262256

286349313383385395405391412413

506568598583665802780789769743755800886825687661675616558536544608621597580602573

575572584623606591647587629575613627

619589573570581547

511585555552593603

20yearsandover

564841

854689559510997823832821

1,2421,063

1,0801,3681,1751,2161,1951,056921

1,078985

1,015

1,3491,6581,6251,5071,7772,6842,5882,5352,2922,276

2,6152,8953,6133,6323,1073,1293,0322,7092,4872,467

2,5963,0743,4693,2883,0492,8192,783

2,7832,7792,7932,9652,7182,864

2,8812,8572,8592,8982,7642,654

2,9102,7732,7492,7422,8182,7132,8242,7322,7052,7512,8212,857

Note.—See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

340


TABLE B—35.—Civilian employment by demographic characteristic, 1954—96[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]

Year ormonth

19541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995:Jan

FebMar

fc-JuneJulyAugSeptOctNovDec

1996:JanFebMarAprMayJune

JulyAugSeptOctNovDec

Allcivilianworkers

60,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,902

78,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526100,834105,005107,150109,597112,440114,968117,342118,793117,718118,492120,259123,060124,900126,708124,766124,937125,070125,023124,577124,533124,804124,729124,927125,235125,124125,068125,311125,706126,062126,125126,428126,590

126,889126,988127,248127,617127,644127,855

White

Total

53,95755,83357,26957,46556,61358,006

58,85058,91359,69860.62261,92263,44665,02166,36167,75069,51870,21770,87873,37075,70877,18476,41178,85381,70084,93687,25987,71588,70987,90388,89392,12093,73695,66097,78999,812101,584102,261101.182101,669103,045105,190106,490107,808

106,438106,497106,531106,509106,123106,271

106.609106.510106,648106,724106,503106,525106.631107,192107,398107,364107,576107,733

107,862107,853108.217108.527108,570108,734

Males

37,84638,71939,36839,34938,59139,494

39,75539,58840,01640,42841,11541,84442,33142,83343,41144,04844.17844,59545,94447,08547,67446,69747,77549,15050,54451.45251.12751,31550,28750.62152,46253.04653.78554.64755,55056,35256.70355.79755,95956,65657,45258,14658,88858,22258,27858,29758,17757.88358,11858.14958,03758,15958,21258,07758,19558,35658,60958,63358,70458.84858,922

58,98758,90858.97059.23459,18359,299

Fe-males

16,11117,11417,90118,11618,02218,512

19,09519,32519,68220,19420,80721,60222,69023,52824,33925,47026,03926,28327,42628,62329,51129.71431,07832,55034,39235.80736.58737.39437,61538.27239,65940,69041,87643,14244.26245,23245,55845,38545,71046,39047,73848,34448,92048.21648,21948,23448,33248,24048,15348,46048,47348,48948,51248,42648,33048,27548.58348,76548,66048,72848,811

48,87548,94549.24749,29349,38749,435

Bothsexes16-19

3,0783,2253,3893,3743,2163,475

3,7003,6933,7743,8514,0764,5625,1765,1145,1955,5085,5715,6706,1736,6236,7966,4876,7247,0687,3677,3567,0216,5885,9845,7995,8365,7685,7925,8986,0305,9465,7795,2164,9855,1135,3985,5935,667

5,6675,5265,6855,6375,5755,7285,5955,6295,5205,5385,5085,5305,5605,6265,5875,6155,7055,666

5,6805,4785,7815,7945,7645,764

Black and other

Total

6,1526,3416,5346,6046,4236,6236,9286,8337,0037,1407,3837,6437,8778,0118,1698,3848,4648,4888,7839,3569,6109,4359,89910,31711,11211,56511,58811,68811,62411,94112,88513,41413,93714,65215,15615,75716,53316,53616,82317,21417,87018,40918,90018,24218,45018,48018,47418,44818,28918,22218,26418.29818,51418,66418,56718,58318,49118,63518,72818,85718,85619,03419,17619,06119,09319,13719,132

Males

3,7733,9044,0134,0063,8333,9714,1494,0684,1604,2294,3594,4964,5884,6464,7024,7704,8134,7964,9525,2655,3525,1615,3635,5795,9366,1566,0596,0835,9836,1666,6296,8457,1077,4597,7227,9638,4018,4268,4828,6938,9989,2319,3199,2619,3519,3569,3559,2539,2049,1499,1459,2129,2149,1799,1079,1449,1259,1999,2199,3199,304

9,3849,5049,3819,4129,4379,397

Fe-males

2,3792,4372,5212,5982,5902,652

2,7792,7652,8432,9113,0243,1473,2893,3653,4673,6143,6503,6923,8324,0924,2584,2754,5364,7395,1775,4095,5295,6065,6415,7756,2566,5696,8307,1927,4347,7958,1318,1108,3428,5218,8729,1799,5808,9819,0999,1249,1199,1959,0859,0739,1199,0869,3009,4859,4609,4399,3669,4369,5099,5389,552

9,6509,6729,6809,6819,7009,735

Bothsexes16-19

396418430407365362430414420404440474545568584609574538573647652615611619703727689637565543607666681742774813801690684691763826832744804827792793808808827873859911855830785840863881810837814839849804831

Black

Total

7,8028,1288,2037,8948,2278,5409,1029,3599,3139,3559,1899,37510,11910,50110,81411,30911,65811,95312,17512,07412,15112,38212,83513,27913,542

13,12913,32813,35113,31713,30013,18613,08613,11413,17413,38013,57613,31413,38813,32613,40113,43213,58413,478

13,61213,69913,56613,64713,67313,693

Males

4,3684,5274,5274,2754,4044,5654,7964,9234,7984,7944,6374,7535,1245,2705,4285,6615,8245,9285,9955,9615,9306,0476,2416,4226,4566,4216,5196,5516,4976,4196,4036,3366,3216,3976,4396,4326,3416,3826,3656,3806,3986,4876,403

6,4906,5946,4566,5026,5186,502

Fe-males

3,4333,6013,6773,6183,8233,9754,3074,4364,5154,5614,5524,6224,9955,2315,3865,6485,8346,0256,1806,1136,2216,3346,5956,8577,0866,7086,8096,8006,8206,8816,7836,7506,7936,7776,9417,1447,0727,0066,9617,0217,0347,0977,0757,1227,1057,1107,1457,1557,191

Bothsexes16-19

509570554507508508571579547505428416474532536587601625598494492494552586613521565580569563575570567613611682614600584632645683599603596604626576607


341


TABLE B—36.—Unemployment by demographic characteristic, 1954—96

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

Year ormonth

19541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988 . ..198919901991199219931994199519961995:Jan

FebMar

fc-June




Allcivilianworkers

3,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5287,0478,6289,6138,9407,9967,4047,2367,4327,2037,2017,5907,3587,4457,4967,5177,5237,3297,4097,354

7,5887,3647,4027,3027,3317,1197,2766,9107,0437,0197,1877,167

White

Total

2,8592,2522,1592,2893,6802,9463,0653,7433,0523,2082,9992,6912,2552,3382,2262,2603,3394,0853,9063,4424,0976,4215,9145,4414,6934,6645,8846,3438,2418,1286,3726,1916,1405,5014,9444,7705,1866,5607,1696,6555,8925,4595,3005,4505,2525,3265,5945,5225,4495,4525,4755,4925,4735,5535,5005,5765,4595,4295,3565,4495,2075,2775,0515,1175,0985,2465,257

Males

1,9131,4781,3661,4772,4891,9031,9882,3981,9151,9761,7791,5561,2411,2081,1421,1371,8572,3092,1731,8362,1693,6273,2582,8832,4112,4053,3453,5804,8464,8593,6003,4263,4333,1322,7662,6362,9353,8594,2093,8283,2752,9992,8963,0532,8962,9303,0373.0712,9902,9213,0163,0252,9463,0873,0373,0412,9943,0252,9602,9402,8892,9052,7182,8102,7812,8072,777

Fe-males

946774793812

1,1911,0431,0771,3451,1371,2321,2201,1351,0141,1301,0841,1231,4821,7771,7331,6061,9272,7942,6562,5582,2872,2602,5402,7623,3953,2702,7722,7652,7082,3692,1772,1352,2512.7012.9592,8272,6172,4602,4042,3972,3562,3962,5572,4512,4592,5312,4592,4672,5272,4662,4632,5352,4652,4042,3962,5092,3182,3722,3332,3072,3172,4392,480

Bothsexes16-19

423373382401541525575669580708708705651635644660871

1,0111,021955

1,1041,4131,3641,2841,1891,1931,2911,3741,5341,3871,1161,0741,070995910863903

1,0291,037992960952939912940909957951916971935967977992

1,0041,018957960935945916953917896912945918

Black and other

Total

673601591570923793788971861863787678622638590571754930977924

1,0581,5071,4921,5501,5051,4731,7521,9302.4372,5882,1672,1212,0971,9241,7571,7571,8602,0682.4442,2852,1041,9451,9361,9311,9441,8741,9901,8741,9821,9892,0562,0441,9201,8411,8841,9571,9001,9741,9411,9291,8911,9561,8801,9381,9621,9271,943

Males

431376345364610517498599509496426360310300277267380481486440544815779784731714922997

1,3341,4011,1441,0951,097969888889971

1,0871,3141,2271,092984984983951894974972992

1,0171,0751,016948934

1,045979

1,0101.0591,0381,000960

1,009897979969956932

Fe-males

242225246206313276290372352367361318312338313304374450491484514692713766774759830933

1,1041,1871,0221,026999955869868889981

1,1301,0581,011961952948993980

1,016902990972981

1,028972907839978890915903929931947983959993971

1,011

Bothsexes16-19

79779596138128138159142176165171186203194193235249288280318355355379394362377388443441384394383353316331308330390373360394367353398352403393415416437420372376387360355372376359321339388366388388390

Black

Total

906846965

1,3691,3341,3931,3301,3191,5531,7312,1422,2721,9141,8641,8401,6841,5471,5441,5651,7232,0111,8441,6661,5381,5921,5171,5411,4511,5841,4811,5711,5891,6181,6531,4781,4411,5301,5941,5361,6181,5721,5541,5321,6001,5981,6181,6291,6171,613

Males

448395494741698698641636815891

1,1671,2131,003951946826771773806890

1,067971848762808765743662763768783794829791694709837800806867813796780846754827813813766

Fe-males

458451470629637695690683738840975

1,059911913894858776772758833944872818777784752798789821713788795789862784732693794730751759758752754844791816804847

Bothsexes16-19

279262297330330354360333343357396392353357347312288300268280324313300325310286329278319318346345369365306311329312286307316288277304350311325316322


342


TABLE B-37.—Civilian labor force participation rate and employment I population ratio, 1948-96

[Percent-1 monthly data seasonally adjusted]

Year or month

194819491950195119521953195419551956195719581959196019611962196319641965196619671968 ,19691970 .19711972197319741975197619771978197919801981198219831984 .. .1985198619871988198919901991199219931994199519961995- Jan

FebMarAprMayJuneJulyAugSeptOct . ;.""'"NovDec

1996- JanFebMarAprMayJune " ::: ::...July . .AugSeptOctNovDec

Labor force participation rate

Allcivilianwork-ers

58.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.566.266.466.366.666.666.866.966.866.866.966.566.566.666.566.666.666.566.466.666.666.866.766.866.766.966.766.866.966.967.0

Mates

86.686.486.486.386.386.085.585.485.584.884.283.783.382.982.081.481.080.780.480.480.179.879.779.178.978.878.777.977.577.777.977.877.477.076.676.476.476.376.376.276.276.476.475.875.875.475.175.074.975.575.475.475.374.975.074.974.774.874.674.674.674.874.975.075.075.175.075.274.774.774.974.974.9

Fe-males

32.733.133.934.634.734.434.635.736.936.937.137.137.738.137.938.338.739.340.341.141.642.743.343.443.944.745.746.347.348.450.050.951.552.152.652.953.654.555.356.056.657.457.557.457.857.958.858.959.358.958.958.959.258.858.759.059.059.059.159.058.859.059.059.159.159.159.059.259.359.559.559.659.7

Bothsexes16-19years

52.552.251.852.251.350.248.348.950.949.647.446.747.546.946.145.244.545.748.248.448.349.449.949.751.953.754.854.054.556.057.857.956.755.454.153.553.954.554.754.755.355.953.751.651.351.552.753.552.353.753.854.454.153.354.153.453.953.252.752.652.952.752.752.752.653.151.852.250.752.252.452.052.3

White

58.258.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.460.861.461.561.862.563.363.964.164.364.364.364.665.065.565.866.266.766.966.666.866.867.167.167.267.367.167.267.367.067.067.167.067.167.166.966.966.967.267.267.167.267.167.267.067.267.367.467.4

Blackand

other

64.064.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.260.560.359.659.860.462.262.261.761.361.662.162.663.363.764.364.064.764.463.864.663.863.964.364.664.364.964.664.964.464.163.864.064.064.164.364.064.363.764.364.364.664.465.065.164.864.864.764.7

Black

"59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.863.864.264.063.363.963.263.463.764.163.464.364.064.363.763.663.163.363.663.664.263.864.063.464.063.864.363.764.464.764.164.464.364.3

Employment/population ratio

Allcivilianwork-ers

56.655.456.157.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.861.761.561.762.562.963.263.163.163.263.162.862.862.862.762.862.962.862.762.862.963.163.063.163.263.263.263.363.463.463.4

Males

83.581.382.084.083.983.681.081.882.381.378.579.378.977.677.777.177.377.577.978.077.877.676.274.975.075.574.971.772.072.873.873.872.071.369.068.870.770.971.071.572.072.572.070.469.870.070.470.870.971.271.371.471.170.770.870.770.570.670.670.370.370.670.770.870.871.071.071.171.070.871.171.071.0

Fe-males

31.331.232.033.133.433.332.534.035.135.134.535.035.535.435.635.836.337.138.339.039.640.740.840.441.042.042.642.043.244.546.447.547.748.047.748.049.550.451.452.553.454.354.353.753.854.155.355.656.055.655.655.655.755.655.455.655.655.655.755.855.655.655.755.955.955.955.956.056.156.356.356.356.4

Bothsexes16-19years

47.745.245.547.946.946.442.343.545.343.939.939.940.539.139.437.437.338.942.142.242.243.442.341.343.545.946.043.344.246.148.348.546.644.641.541.543.744.444.645.546.847.545.342.041.041.743.444.243.544.844.445.644.744.044.843.844.543.743.643.443.543.343.843.743.744.343.443.542.043.943.843.343.7

White

"55i256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.762.662.462.763.563.864.164.064.064.063.963.763.763.963.863.863.863.663.663.663.964.063.964.064.064.164.064.264.364.364.3

Blackand

other

"M!O58.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.155.054.351.452.052.554.755.253.652.650.951.053.654.755.456.857.458.257.956.756.456.357.258.158.658.158.758.758.658.457.857.557.557.558.158.558.158.157.858.158.358.658.558.959.358.858.858.858.7

Black

•• ••'•

'"53754.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.755.454.955.056.157.157.456.957.757.757.557.356.856.356.356.557.358.057.357.256.857.157.157.757.257.757.957.357.557.557.5

1 Civilian labor force or 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 &-33.Source: Department of Labor, Bureau of Labor Statistics.

343


TABLE B—38.—Civilian labor force participation rate by demographic characteristic, 1954—96

[Percent;1 monthly data seasonally adjusted]

Year or month

1954195519561957195819591960196119621963196419651966196719681969197019711972

19721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995=Jan

FebMar

f,-JuneJulyAugSeptOctNovDec

1996:JanFebMarAprMayJuneJulyAugSeptOctNovDec

Allcivil-ian

work-ers

58.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.4

60.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.566.266.466.366.666.666.866.966.866.866.966.566.566.666.566.666.666.566.466.666.666.866.766.866.766.966.766.866.966.967.0

White

Total

58.258.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.4

60.460.861.461.561.862.563.363.964.164.364.364.364.665.065.565.866.266.766.966.666.866.867.167.167.267.367.167.267.367.067.067.167.067.167.166.966.966.967.267.267.167.267.167.267.067.267.367.467.4

Males

Total

85.685.485.684.884.383.883.483.082.181.581.180.880.680.680.480.280.079.679.6

79.679,479.478.778.478.578.678.678.277.977.477.177.177.076.976.876.977.177.176.576.576.275.975.775.876.276.076.076.075.675.775.675.675.675.575.575.575.775.975.975.875.975.975.975.575.775.975.875.8

16-19years

57.658.660.459.256.555.955.954.553.853.152.754.155.956.355.956.857.557.960.1

60.162.062.961.962.364.065.064.863.762.460.059.459.059.759.359.060.061.059.657.356.956.657.758.557.158.758.559.259.258.459.458.958.758.158.057.758.058.358.257.558.058.757.157.254.056.557.056.356.3

20yearsandover

87.887.587.686.986.686.386.085.784.984.484.283.983.683.583.283.082.882.382.0

82.081.681.480.780.380.280.180.179.879.579.278.978.778.578.578.478.378.578.578.078.077.777.377.177.377.577.477.477.376.977.076.976.977.076.976.976.977.077.377.477.377.377.477.477.377.277.477.377.4

Females

Total

33.334.535.735.735.836.036.536.936.737.237.538.139.240.140.741.842.642.643.2

43.244.145.245.946.948.049.450.551.251.952.452.753.354.155.055.756.457.257.457.457.758.058.959.059.158.958.858.959.158.958.859.259.159.059.158.958.758.759.059.158.959.158.959.059.059.359.359.559.6

16-19years

40.640.743.142.240.139.640.340.639.838.737.839.242.642.543.044.645.645.448.1

48.150.151.751.552.854.556.757.456.255.455.054.555.455.256.356.557.257.156.354.152.553.555.155.554.757.355.356.656.355.756.655.455.454.454.754.654.554.954.754.553.654.254.354.753.655.555.255.754.9

20yearsandover

32.734.035.135.235.535.636.236.636.537.037.538.038.839.840.441.542.242.342.7

42.743.544.445.346.247.348.749.850.651.552.252.553.154.054.955.656.357.257.657.658.158.359.259.259.459.059.159.059.359.158.959.459.359.459.459.259.059.059.359.459.359.459.259.359.459.559.659.859.9

Black and other or black

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Black and other

64.064.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.2

85.285.185.184.284.183.483.082.280.880.280179.679.078.577.776.976.574.973.9

61.260.861.558.857.355.557.655.853.551.549.951.351.451.149.749.647.444.746.0

87.187.887.887.087.186.786.285.584.283.984.183.783.382.982.281.481.480.078.6

46.146.147.347.148.047.748.248.348.048.148.648.649.449.549.349.849.549.248.8

31.032.736.333.231.928.232.932.833.132.631.729.533.535.234.834.634.131.232.3

47.747.548.448.649.849.849.950.149.649.950.751.151.651.651.452.051.851.851.2

Black

59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.863.864.264.063.363.963.263.463.764.163.464.364.064.363.763.663.163.363.663.664.263.864.063.464.063.864.363.764.464.764.164.464.364.3

73.673.472.970.970.070.671.571.370.370.070.170.670.870.871.271.171.071.071.070.470.769.669.169.068.769.570.269.670.069.269.168.568.668.868.268.168.468.568.368.968.569.068.069.369.368.668.868.868.1

46.345.746.742.641.343.244.943.643.241.639.839.941.744.643.743.643.844.640.737.340.639.540.840.139.538.042.736.639.838.740.940.641.441.038.641.740.438.837.641.342.542.636.942.140.037.540.137.137.1

78.578.477.676.075.475.676.276.375.174.574.775.274.874.474.874.774.674.475.074.674.373.272.572.572.373.373.473.673.673.072.571.871.872.271.871.671.872.172.072.371.672.371.872.773.072.672.472.772.0

48.749.349.048.849.850.853.153.153.153.553.754.255.256.556.958.058.058.758.357.558.557.958.759.560.458.559.659.459.759.359.058.859.059.359.961.060.160.359.459.960.060.460.160.460.960.460.860.761.2

32.234.233.434.232.932.937.336.834.934.033.533.035.037.939.139.637.940.436.833.535.234.636.339.838.934.237.139.638.938.340.039.940.843.740.842.341.040.237.639.740.040.437.735.039.238.639.137.940.6

51.251.651.451.152.553.655.555.455.656.056.256.857.658.658.960.060.160.660.660.060.860.260.961.462.660.961.861.361.861.460.960.660.860.961.862.962.062.361.662.062.062.462.463.063.162.763.063.063.3

1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.

344


TABLE B—39-—Civilian employment/population ratio by demographic characteristic, 1954—96

[Percent;1 monthly data seasonally adjusted]

Year or month

1954195519561957195819591960196119621963196419651966196719681969197019711972

19721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995:Jan


1996JanFebMar

&::::JuneJulyAugSeptOctNovDec

Allcivil-

ianwork-

ers

55.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.0

57.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.861.761.561.762.562.963.263.163.163.263.162.862.862.862.762.862.962.862.762.862.963.163.063.163.263.263.263.363.463.463.4

White

Total

55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.4

57.458.258356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.762.662.462.763.563.864.164.064.064.063.963.763.763.963.863.863.863.663.663.663.964.063.964.064.064.164.064.264.364.364.3

Males

Total

81.582.282.781.879.279.979.478.278.477.777.877.978.378.478.378.276.875.776.0

76.076.575973.073.474.175.075.173.472.870.670.472.172.372.372.773.273.773.371.671.171.471.872.072.372.472.472.472.271.872.072.071.871.971.971.771.871.972.272.272.272.372.472.472.272.272.572.372.4

16-19years

49.952.054.152.447.648.148.145.946.444.745.047.150.150.250.351.149.649.251.5

51.554.354450.651.554.456.355.753.451.347.047.449.149.949.649.951.752.651.047.246.446.648.349.448.249.949.250.450.149.550.350.349.548.848.348.348.748.849.248.349.149.748.648.045.648.148.247.548.0

20yearsandover

84.084.785.084.181.882.882.481.481.581.181.381.581.781.781.681.480.179.079.0

79.079.278675.776.076.577.277.375.675.173.072.674.374.374.374.775.175.475.173.573.173.373.673.874.274.174.274.173.973.573.773.773.673.773.873.573.673.774.074.174.074.174.374.374.474.274.474.374.4

Females

Total

31.433.034.234.233.634.034.634.534.735.035.536.237.538.338.940.140.339.940.7

40.741.842442.043.244.546.347.547.848.348.148.549.850.751.752.853.854.654.754.254.254.655.856.156.356.156.156.156.256.055.956.256.256.256.256.055.955.856.156.356.156.256.256.356.356.656.656.756.7

16-19years

36.437.038.938.235.034.835.134.634.832.932.233.737.537.737.839.539.538.641.3

41.343.644342.544.245.948.549.447.946.244.644.547.047.147.949.050.250.548.345.944.245.747.548.147.650.048.049.448.648.149.747.248.447.047.646.846.646.947.347.246.647.247.347.946.648.948.848.748.0

20yearsandover

31.132.733.833.933.534.034.534.534.735.235.836.537.538.339.140.140.440.140.6

40.641.642241.943.144.446.147.347.848.548.448.950.051.052.053.154.054.955.254.854.955.256.456.757.056.556.656.556.756.656.356.956.756.856.856.756.556.456.756.956.856.856.956.957.057.257.257.357.3


Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Black and other

58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.1

76.577.678.477.272.573.874.171.772.071.872.973.774.073.873.372.870.968.167.3

52.452.752.248.042.041.443.841.041.737.437.839.440.538.838.739.035.531.832.4

79.280.481.380.576.077.677.975.575.776.277.778.779.279.478.978.476.874.273.2

41.942.243.043.742.843.243.642.642.742.743.444.145.145.045.245.944.943.943.3

24.726.428.026.522.820.324.823.223.121.321.820.223.124.824.725.122.420.219.9

43.743.944.745.545.045.745.844.844.945.246.147.348.247.948.248.948.247.346.7

Black

53.754.553550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.755.454.955.056.157.157.456.957.757.757.557.356.856.356.356.557.358.057.357.256.857.157.157.757.257.757.957.357.557.557.5

66.867.565860.660.661.463.363.460.459.156.056.359.260.060.662.062.762.862.661.359.960.060.861.761.162.163.063.262.661.861.660.960.661.261.561.460.460.860.660.760.761.560.661.462.260.861.161.261.0

31.632.831426.325.826.428.528.727.024.620.320.423.926.326.528.529.430.427.723.823.623.625.425.224.925.025.624.925.323.025.124.623.626.225.228.424.724.025.426.327.729.823.424.024.723.525.521.822.8

73.073.771966.566.867.569.169.165.864.561.461.664.164.665.166.467.167.067.165.964.364.365.066.165.566.567.467.867.166.666.065.265.165.566.065.664.865.364.964.864.865.465.265.966.965.665.666.065.7

43.043.843.541.642.843.345.846.045.745.144.244.146.748.148.850.351.252.051.950.650.850.952.353.454.452.653.353.253.353.752.952.652.852.653.855.354.754.253.754.154.254.654.454.654.454.454.654.654.8

19.222.020.920.219.218.522.122.421.019.717.717.020.123.123.825.825.827.125.821.522.121.624.526.127.121.624.826.625.226.225.525.526.126.927.729.228.327.925.128.127.728.627.627.125.226.726.726.528.0

46.547.246.944.946.447.049.349.349.148.547.547.449.850.951.653.053.954.654.753.653.653.855.056.157.155.656.155.856.156.455.655.355.555.256.457.957.356.856.656.756.857.257.157.457.457.257.457.457.5

1 Civilian employment as percent of civilian nonmstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

345


TABLE B^40.—Civilian unemployment rate, 1948-96

[Percent,-1 monthly data seasonally adjusted]

Year or month

19481949195019511952 .. .195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994 .199519961995Jan

FebMar

MPayZ"JuneJulyAugSeptOctNovDec

1996JanFebMar

&:::June


Allcivilianwork-

ers

3.85.95.333302.95.54.44 14.36.855556.75.5575.24 53.83.83.63.54.95.95.64 95.68.57.77.16.1587.17.69.79.67.57.27.06.25.55.35.66.87 56.9615.65.45.65.55.45.75.65.65.75.75.75.55.65.65.75.55.55.55.55.35.45.25.25.25.35.3

Total

3.65.95.128282.85.34.2384.16.852546.45.2524.6403.23.12.92.84.45.35.04 24.97.97.16.35.3516.97.49.99.97.47.06.96.25.55.25.77.27 97.26 25.65.45.75.45.35.65.75.65.65.75.75.45.75.75.7565.75.55.55.45.45.05.25.15.25.1

Males

16-19

years

9.814.312.781897.9

13.511.611 112.417.115315317.114.717215.814111712.311.611.415.016.615.913915.620.119.217.315.815918.320.124.423.319.619.519.017.816.015.916.319.821520.419018.418.117.419.216.718.018.618.518.519.118.819.018.418.918.918.018.717.917.617.519.318.217.518.118.417.4

20yearsandover

3.25.44.7252 42.54.93.8343.66.24 74 75.74.64 53.93 22.52.32.22.13.54.44.0333.86.85.95.24.34 25.96.38.88.96.66.26.15.44.84.55.06.4716.4544.84.65.04.64.74.94.94.84.84.94.94.64.94.94.94.84.94.84.74.64.64.24.54.44.44.4

Total

4.16.05.74 4363.36.04.9484.76.859597.26.2656.2554.85.24.84.75.96.96.6606.79.38.68.27.2687.47.99.49.27.67.47.16.25.65.45.56.4706.6605.65.45.55.55.65.95.55.75.85.65.75.75.55.45.85.55.45.45.55.35.45.45.25.35.55.5

Females

16-19

years

8.312.311.483807.2

11.410.211 210.614.313513916.314.617216.615714.113.514.013.315.617.216.715316.619.718.718.317.116417.219.021.921.318.017.617.615.914.414.014.717.518617.516216.115.215.615.615.416.716.315.717.515.616.815.416.416.816.615.915.415.515.514.813.815.814.414.415.215.5

20yearsandover

3.65.35.140322.95.54.44 24.16.152516.35.4545.2453.84.23.83.74.85.75.44 95.58.07.47.06.0576.46.88.38.16.86.66.25.44.94.74.95.7635.9544.94.84.94.94.95.24.85.05.05.05.05.04.84.65.14.84.84.74.94.74.94.74.64.74.84.9

Bothsexes16-19years

9.213.412.282857.6

12.611.011 111.615.914614716.814.717.216.214812.812.912.712.215.316.916.214516.019.919.017.816.416117.819.623.222.418.918.618.316.915.315.015.518.720119.017617.316.716.517.516.117.317.517.218.017.417.817.317.517.917.817.017.116.816.616.216.717.016.016.316.816.5

White

3.55.64.9312.82.75.03.9363.86.148506.04.95.04.64 13.43.43.23.14.55.45.1435.07.87.06.25.2516.36.78.68.46.56.26.05.34.74.54.86.1666.1534.94.74.94.74.85.04.94.94.94.94.94.95.04.95.04.84.84.84.84.64.74.54.54.54.64.6

Blackand

other

5.98.99.053544.59.98.7837.9

12.610710212.410.91089.681737.46.76.48.29.9

10.0909.9

13.813.113.111.911313.114.217.317.814.413.713.111.610.410.010.111.112711.7105

9,69.39.69.59.29.79.29.89.8

10.110.09.49.09.29.59.39.69.49.39.19.38.99.29.39.19.2

Black

..........

9 410.514.814.014.012.812314.315.618.919.515.915.114.513.011.711.411.412.514213.011 510.410.510.410.49.8

10.610.010.610.811.011.19.99.6

10.210.610.310.810.510.310.210.510.410.710.710.610.5

Experi-encedwageand

salaryworkers

4.36.86.037343.26.24.84 44.67.357576.85.6565.04 33.53.63.43.34.85.75.34 55.38.27.36.65.6556.97.39.39.27.16.86.65.85.25.05.36.67 26.6595.45.25.45.25.25.55.55.45.55.55.55.45.45.45.45.35.45.35.45.15.25.05.15.05.25.1

Marriedmen,

spousepresent2

154.615141.74.02.6232.85.136374.63.6342.82 4191.81.61.52.63.22.8232.75.14.23.62.8284.24.36.56.54.64.34.43.93.33.03.44.4514.4373.33.03.33.23.23.33.43.43.43.33.43.13.23.23.23.13.13.03.03.03.02.93.03.03.03.0

Womenwho

main-tain

families

4.94.44.45.47.37.2717.0

10.010.19.48.5839.2

10.411.712.210.310.49.89.28.18.18.39.3

1009.7898.08.28.98.47.99.28.08.58.07.08.07.97.76.88.27.67.77.38.57.88.88.58.38.58.88.4

1 Unemployed as percent of civilian labor force in group specified.'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 B-33.Source: Department of Labor, Bureau of Labor Statistics.

346


TABLE B-41.—Civilian unemployment rate by demographic characteristic, 1954-96[Percent;1 monthly data seasonally adjusted]

Year or month

1954195519561957195819591960196119621963196419651966196719681969197019711972

1972197319741975197619771978197919801981 ..198219831984198519861987198819891990199119921993 . . . .1994199519961995-Jan



Allcivil-ian

work-ers

5.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.6

5.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.66.87.56.96.15.65.45.65.55.45.75.65.65.75.75.75.55.65.65.75.55.55.55.55.35.45.25.25.25.35.3

White

Total

5.03.93.63.86.14.85.06.04.95.04.64.13.43.43.23.14.55.45.1

5.14.35.07.87.06.25.25.16.36.78.68.46.56.26.05.34.74.54.86.16.66.15.34.94.74.94.74.85.04.94.94.94.94.94.95.04.95.04.84.84.84.84.64.74.54.54.54.64.6

Males

Total

4.83.73.43.66.14.64.85.74.64.74.13.62.82.72.62.54.04.94.5

4.53.84.47.26.45.54.64.56.16.58.88.86.46.16.05.44.74.54.96.57.06.35.44.94.75.04.74.85.05.04.94.84.94.94.85.05.05.04.94.94.84.84.74.74.44.54.54.54.5

16-19years

13.411.310.511.515.714.014.015.713.715.914.712.910.510.710.110.013.715.114.2

14.212.313.518.317.315.013.513.916.217.921.720.216.816.516.315.513.913.714.317.618.517.716.315.615.515.015.814.815.315.415.214.715.816.116.816.216.116.315.415.915.315.314.916.115.714.815.415.514.8

20yearsandover

4.43.33.03.25.54.14.25.14.03.93.42.92.22.12.01.93.24.03.6

3.63.03.56.25.44.73.73.65.35.67.87.95.75.45.34.84.13.94.35.86.45.74.84.34.14.44.14.24.34.44.34.24.34.34.14.44.34.34.24.34.24.14.14.03.83.93.83.93.9

Females

Total

5.54.34.24.36.25.35.36.55.55.85.55.04.34.64.34.25.46.35.9

5.95.36.18.67.97.36.25.96.56.98.37.96.56.46.15.24.74.54.75.66.15.75.24.84.74.74.74.75.04.84.95.04.84.85.04.84.85.04.84.74.74.94.54.64.54.54.54.74.8

16-19years

10.49.19.79.5

12.712.012.714.812.815.114.914.012.111.512.111.513.415.114.2

14.213.014.517.416.415.914.414.014.816.619.018.315.214.814.913.412.311.512.615.215.814.713.813.412.912.713.112.613.613.712.214.912.613.613.014.214.614.613.613.313.113.012.812.412.911.911.612.612.6

20yearsandover

5.13.93.73.85.64.74.65.74.74.84.64.03.33.83.43.44.45.34.9

4.94.35.17.56.86.25.25.05.65.97.36.95.85.75.44.64.14.04.15.05.55.24.64.34.14.24.14.24.54.34.44.34.34.34.44.24.24.44.34.14.24.44.04.14.04.04.04.24.3


Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Black and other

9.98.78.37.9

12.610.710.212.410.910.89.68.17.37.46.76.48.29.9

10.0

10.38.87.98.3

13.711.510.712.810.910.58.97.46.36.05.65.37.39.18.9

14.413.415.018.426.825.224.026.822.027.324.323.321.323.922.121.425.028.829.7

9.98.47.47.6

12.710.59.6

11.710.09.27.76.04.94.33.93.75.67.36.9

9.28.58.97.3

10.89.49.4

11.911.011.210.79.28.79.18.37.89.3

10.911.4

20.619.222.820.228.427.724.829.230.234.731.631.731.329.628.727.634.535.438.4

8.47.77.86.49.58.38.3

10.69.69.49.07.56.67.16.35.86.98.78.8

Black

10.49.4

10.514.814.014.012.812.314.315.618.919.515.915.114.513.011.711.411.412.514.213.011.510.410.510.410.49.8

10.610.010.610.811.011.19.99.6

10.210.610.310.810.510.310.210.510.410.710.710.610.5

9.38.09.8

14.813.713.311.811.414.515.720.120.316.415.314.812.711.711.511.913.015.213.812.010.611.110.610.29.2

10.510.710.911.111.611.09.79.9

11.711.111.212.011.310.910.911.510.311.411.111.110.5

31.727.833.138.137.539.236.734.237.540.748.948.842.741.039.334.432.731.931.936.342.040.137.637.136.934.140.031.936.540.638.739.342.936.134.831.738.938.132.536.334.930.036.643.038.237.236.541.238.6

7.06.07.4

12.511.410.79.39.3

12.413.517.818.114.313.212.911.110.110.010.411.513.512.110.38.89.49.28.27.88.88.79.09.29.49.28.18.39.89.49.9

10.39.69.69.29.38.39.79.39.28.8

11.811.111.314.814.314.913.813.314.015.617.618.615.414.914.213.211.711.410.912.013.212.111.010.210.010.110.510.410.7

9.410.410.510.411.310.19.38.9

10.29.59.79.79.69.69.6

10.610.010.210.110.5

40.536.137.441.041.643.440.839.139.842.247.148.242.639.239.234.932.033.029.936.037.237.432.634.330.336.933.332.835.331.636.436.136.038.532.130.931.030.633.329.130.829.326.922.435.830.931.930.031.2

9.08.68.8

12.211.712.311.210.911.913.415.416.513.513.112.411.610.49.89.7

10.611.810.79.88.68.78.69.19.09.28.08.78.98.79.48.77.97.58.98.08.48.48.48.68.99.08.78.98.99.2

1 Unemployed as percent of civilian labor force in group specified.Note.—See Note, Table B-40.Source. Department of Labor, Bureau of Labor Statistics.

347


TABLE B-42.—Unemployment by duration and reason, 1950-96

[Thousands of persons, except as noted; monthly data seasonally adjusted1]

Year or month

1950195119521953195419551956195719581959196019611962196319641965196619672196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995Jan


1996-JanFebMarAprMayJuneJulyAugSeptOctNovDec

Unem-ploy-ment

3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5287,0478,6289,6138,9407,9967,4047,2367,4327,2037,2017,5907,3587,4457,4967,5177,5237,3297,4097,3547,5887,3647,4027,3027,3317,1197,2766,9107,0437,0197,1877.167

Duration of unemployment

Lessthan5

weeks

1,4501,1771,1351,1421,6051,3351,4121,4081,7531,5851,7191,8061,6631,7511,6971,6281,5731,6341,5941,6292,1392,2452,2422,2242,6042,9402,8442,9192,8652,9503,2953,4493,8833,5703,3503,4983,4483,2463,0843,1743,2653,4803,3763,2622,7282,7002,6332,8132,5822,5892,6692,5952,7442,5732,7472,8482,8082,7392,6832,7742,7362,6322,4502,7542,5442,6032,5342,5222,5562,8192.671

5-14weeks

1,055574516482

1,116815805891

1,3961,1141,1761,3761,1341,2311,117983779893810827

1,2901,5851,4721.3141,5972,4842,1962,1321,9231,9462,4702,5393,3112,9372,4512,5092,5572,1962,0071,9782,2572,7912,8302,5842,4082,3422,2872,1552,2122,3002,3532,3022,3822,5482,4442,3132,3512,3832,3682,3702,2912,3052,3302,3102,2012,3072,1992,2452,2652,2522.357

15-26weeks

425166148132495366301321785469503728534535491404287271256242428668601483574

1,3031,018913766706

1,0521,1221,7081,6521,1041,0251,045943801730822

1,2461,4531,2971,2371,0851,0531,0321,109927

1,0591,2531,0971,0791,1561,0641,0361,0821,1201,1141,0971,1021,0981,0481,051994

1,0031,0401,0621,018976

27weeksandover

3571378478

317336232239667571454804585553482351239177156133235519566343381

1,2031,3481,028648535820

1,1621,7762,5591,6341,2801,1871,040809646703

1,1111,9541,7981,6231,2781,2621,3671,2451,3281,3771,2881,1831,2461,2391,2771,2501,2731,2471,2551,2251,3041,2891,3061,3021,3321,2701,2371,2321,1661.203

Average(mean)dura-tion

(weeks)

12.19.7848.011.813.011.310.513.914.412.815.614.714.013.311.810.48.78.47.88.611.312.010.09.814.215.814.311.910.811.913.715.620.018.215.615.014.513.511.912.013.717.718.018.816.616.717.117.117.217.416.915.716.516.216.316.216.516.416.216.617.217.316.917.216.917.216.916.716.015.8

Mediandura-tion

(weeks)

£34.54.44.96.36.25.25.28.48.27.05.95.46.56.98.7

10.17.96.86.96.55.94.85.36.88.78.39.28.38.37.98.38.28.38.97.88.78.38.08.18.18.28.28.18.28.68.48.18.58.58.68.37.77.8

Reason for unemployment

Job losers3

Total

'i',2291,0701,0171,8112,3232,1081,6942,2424,3863,6793,1662,5852,6353,9474,2676,2686,2584,4214,1394,0333,5663,0922,9833,3874,6945,3894,8483,8153,4763,3703,5603,3783,3773,4233,5253,4313,5163,5163,4523,5533,5113,5123,5863,5433,5083,5353,4093,3993,3483,0953,2363,1713,2613.221

Onlayoff

""394334339675735582472746

1,6711,050865712851

1,4881,4302,1271,7801,1711,1571,090943851850

1.0281,2921,2601,115977

1,0301,021999

1,0211,0281,067956

1,0591,1121,084922

1,0441,0621,0241,1061,0411,0311,0921,0701,000980931989957994987

Other

""836736678

1,1371,5881,5261,2211,4952,7142,6282,3001,8731,7842,4592,8374,1414,4783,2502,9822,9432,6232,2412,1332,3593,4024,1293,7332,8382,4462,3492,5612,3572,3492,3562,5692,3722,4042,4322,5302,5092,4492,4882,4802,5022,4772,4432.3392,3992,3682,1642,2472,2142,2672.234

Jobleav-ers

""438431436550590641683768827903909874880891923840830823877

1,015965983

1,0241,0411,0041,002976791824774716788798827879855836863871748830879835749783723688702754775800797825845

Reen-trants

""945909965

1,2281,4721,4561,3401,4631,8921,9281,9631,8571,8061,9272,1022,3842,4122,1842,2562.1601,9741,8091,8431,9302,1392,2852,1982,7862,5252,5122,5532,4852,4362,7652,4402,5402,5382,5322,5702,5112,5022,4432,4812,4992,5382,4872,7092,4372,5222,4672,4412,4892,5232.556

Newen-

trants

"396407413504630677649681823895953885817872981

1,1851,2161,1101,0391,029920816677688792937919604579580573575597618558564543587614560582587620603593567546545590552559577586626

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.2 Data for 1967 by reason for unemployment are not equal to total unemployment,beginning January 1994, job losers and persons who completed temporary jobs.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

348


TABLE B-43.—Unemployment insurance programs, selected data, 1963-96

Year or month

19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985 ...19861987198819891990199119921993199419951996^

1995- JanFebMarAprMayJuneJulyAugSeptOctNovDec

1996: JanFebMarApr .MayJuneJulyiug :: :.:.:::.:::::Septoct z:NovDec/'

All programs

Coveredemploy-ment1

Insuredunemploy-

ment(weeklyaver-

age)"

Thousands

48,43449,63751,58054,73956,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,80492,06292,65993,30091,62891,89896,47499,186

101,099103.936107,157109,925111,498109,613110,167112,147115,2558 118,068

7 1,9731,7531,4501,1291,2701,1871,1772.0702,6082,1921,7932,5584.9373.8463.3082,6452.5923,8373,4104,5923.7742.5602.6992,7392,3692.1352.2052.5753.4063,3482,8452.7462.6412.654

3,2833.1822.9572.7282.4812.4022.6382.4652,2012.2972.4272.6753.5073,3433,1702,9412.3582.3872.5542.2582.1882.0492,1082.741

Totalbenefits

paid(millions

dollars)2*

3.0262.7492.3601.8912.2222.1912.2994.2096.1545.4914.5176.934

16.80212.34510.9999.0079.401

16.17515.28724.49121.00013.83815.28316.67014.92913,69414.94818.72126.717

9 26,460'22.950

22.84422.386

2.220.92.098.02.31721.788.41,815.71.718.31.723.01.807.51,483.51.572.51,672.71.823.82.568.12.371.72,247.92.130.01.793.71,550.61.838.71.599.61.452.01.520.01.418.61.9152

State programs

Insuredunem-

&Initialclaims

Exhaus-tions s

Weekly average; thousands7 1,806

1,6051.3281,0611,2051.1111,10113052.15013481.6322,2623.9862.9912.65523592,43433503.0474.05933952.4752.6172.64323002,0812.1582,52233423,2452.7512.6702.5752.594

2.5042,5082.4942.4962,5582.6362.6832.6342,6322.6782.6522.6252,6552,6602.6412,57623442.5702,5372^232,4622,4642.4562314

7 298268232203226201200296295261247363478386375346388488460583438377397378328310330388447408341340357356**

333336342352373376373346357365375363374371393356348356335323334332335355

30262115171616253935293781635539395957808050495246383745677462575153

575252575249545045484850585355615352564947464453

Insuredunemploy-ment aspercent

ofcoveredemploy-

ment

4.33.83.02.32.52.22.13.44.13.52.73.56.04.63.93.32.93.93.54.63.92.82.92.82.42.02.12.43.23.12.62.42.3

2.32.32.32.32.32.42.42.42.42.42.42.42.42.42.42.32.32.32.22.22.22.22.22.2

Benefits paid

Total(millions

ofdollars)4

2,7752,5222,1661,7712,0922,0322,1283,8494,9574,4714,0085,975

11,7558,9758,3577,7178,613

13,76113,26220,64917,78712,61014,13115,32913,60712,56513,76017,35624,52623,86920,53920,40120,125

2,146.92,030.42,244.11,730.01,753.01,660.41,668.01,745.91,430.51,508.61,606.41,758.62,488.22,305.32,188.12,073.81,744.31,504.01,782.31,549.11,405.41,467.31,371.31,858.2

Averageweeklycheck

(dollars)6

35.2735.9237.1939.7541.2543.4346.1750.3454.0256.7659.0064.2570.2375.1678.7983.6789.6798.95

106.70119.34123.59123.47128.14135.65140.55144.97151.73161.56169.88173.64179.62182.16187.29189.39

186.19189.50189.92188.46187.64186.74184.92183.31186.58187.48187.00188.88191.92193.85193.45192.11189.02187.70176.96184.79188.92189.07190.43190.92

** Monthly data are seasonally adjusted.1 Includes persons under the State. UCFE (Federal employee, effective January 1955), RRB (Railroad Retirement Board) programs, and UCX(unemployment compensation for ex-servtcemembers, effective October 1958) programs.2 Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA (Servicemen's Re-adjustment Act, September 1944-September 1951) programs. Abo includes Federal and State extended benefit programs. Does not includeFSB (Federal supplemental benefits), SUA (special unemployment assistance). Federal Supplemental Compensation, and Emergency Unemploy-ment Compensation programs, except as noted in footnote 9.3 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.6 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.9 Including Emergency Unemployment Compensation and Federal Supplemental Compensation, total benefits paid for 1992 and 1993 would

be approximately (in millions of dollars): for 1992,39.990 and for 1993.34,876.Source: Department of Labor, Employment and Training Administration.

349


TABLE B—44.—Employees on nonagricultural payrolls, by major industry, 1948—96

[Thousands of persons; monthly data seasonally adjusted]

Year or month

194819491950195119521953195419551956195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 . . . .1984198519861987198819891990199119921993199419951996?1995- Jan

Feb „..MarAprMayJuneJulyA u g . . . . . .sept : :.OctNovDec

1996-JanFebMarAprMayJuneJulyAugsept" ..:.::: ...:::: ::::: .:::.: :OctNOVPDec**

Total

44,86643,75445,19747,81948,79350,20248,99050,64152,36952,85551,32253,27054,18953,99955,54956,65358,28360,76363,90165,80367,89770,38470,88071,21173,67576,79078,26576,94579,38282,47186,69789,82390,40691,15289,54490,15294,40897,38799,344101,958105,210107,895109,419108,256108,604110,730114,172117,203119,549116,250116,502116,701116,861116,907117,100117,201117,499117,623117,749117,899118,136118,070118,579118,750118,922119,332119,537119,772120,052120,050120,311120,438120.700

Goods-producing industries

Total

18,77417,56518,50619,95920,19821,07419,75120,51321,10420,96719,51320,41120,43419,85720,45120,64021,00521,92623,15823,30823,73724,36123,57822,93523,66824,89324,79422,60023,35224,34625,58526,46125,65825,49723,81223,33024,71824,84224,53324,67425,12525,25424,90523,74523,23123,35223,90824,20624,25824,26924,28124,28224,27624,21724.21224,17124,17924,17624,15124,13324,16024,11224,25424,19624,20924,26324,27424,26424,29824,25724,28424,30824.348

Mining

994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958

1,0271,1391,128952966927777717713692709689635610601580570593587588585582580578576574573569570569573574573576575570570567566567565

Construc-tion

2,1982,1942,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9043,9464,3804,6684,8104,9585,0985,1715,1204,6504,4924,6684,9865,1585,4055,1325,1375,1345,1365,1165,1395,1465,1645,1875,2005,2115,2235,2345,3495,3415,3535,3845,4015,4275,4375,4495,4645,4875.510

Manufacturing

Total

15,58214,44115,24116,39316,63217,54916,31416,88217,24317,17615,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,78018,43219,37219,24818,94718,99919,31419,39119,07618,40618,10418,07518,32118,46818,28218,54418,55718,56018,55518,51918,49318,44718,43918,41518,37818,35318,36718,30918,33218,28118,28318,30318,29818,26718,29118,24118,25418,25418.273

Durablegoods

8,2987,4628,0669,0599,32010,0809,1019,5119,8029,8258,8019,3429,4299,0419,4509,5869,78510,37411,25011,40811,59411,86211,17610,60411,02211,86311,89710,66211,05111,57012,24512,73012,15912,08211,01410,70711,47611,45811,19511,15411,36311,39411,10910,56910,27710,22110,44810,65410,67610,63210,65710,67410,67910,66810,65510,64710,65310,64810,63110,62810,66710,64310,65910,62310,65410,67910,69610,68010,71110,67510,68410,69010.708

Nondura-ble goods

7,2856,9797,1757,3347,3137,4687,2137,3707,4427,3517,1447,3337,3677,2857,4037,4107,4897,6887,9638,0398,1878,3048,1908,0198,1298,2918,1817,6617,9468,1128,2598,3108,1278,0897,7667,7257,8967,7907,7527,8457,9517,9977,9687,8377,8277,8547,8737,8147,6067,9127,9007,8867,8767,8517,8387,8007,7867,7677,7477,7257,7007,6667,6737,6587,6297,6247,6027,5877,5807,5667,5707,5647.565

Note.—Data in Tables EM4 and B-45 are based on reports from employing establishments and relate to full- and part-time wage and sal-ary workers in nonagricultural establishments who received pay for any part of the pay period which includes the 12th of the month. Notcomparable with labor force data (Tables B-33 through B-42), which include proprietors, self-employed persons, domestic servants,


350


TABLE B-44.—Employees on nonagricultural payrolls, by major industry, 1948-96—Continued[Thousands of persons; monthly data seasonally adjusted]

Year or month

19481949 ...19501951195219531954 .19551956195719581959 ..1960 ... .19611962 ...19631964 ...19651966 ...19671968196919701971 ...19721973 .197419751976197719781979198019811982198319841985198619871988 .. .198919901991199219931994 ..19951996* .1995:Jan


1996JanFebMarAprMayJuneJulyAugSeptOctNov/>Dec/'

Service-producing industries

Total

26,09226,18926,69127,86028,59529,12829,23930,12831,26431,88931,81132,85733,75534,14235,09836,01337,27838,83940,74342,49544,15846,02347,30248,27650,00751,89753,47154,34556,03058,12561,11363,36364,74865,65565,73266,82169,69072,54474,81177,28480,08682,64284,51484,51185,37387,37890,26492,99795,29191,98192,22192,41992,58592,69092,88893,03093,32093,44793,59893,76693,97693,95894,32594,55494,71395,06995,26395,50895,75495,79396,02796,13096,352

Transpor-tation and

publicutilities

4,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1365,1465,1655,0814,9525,1565,2335,2475,3625,5145,6255,7935,7625,7215,8295,9936,1656,3186,0946,1146,1256,1346,1396,1526,1606,1876,1946,2126,2336,2496,2546,2706,2926,2946,3096,3296,3336,3426,3376,3386,3556,360

Wholesaletrade

2,6122,6102,6432,7352,8212,8622,8752,9343,0273,0372,9893,0923,1533,1423,2073,2583,3473,4773,6083,7003,7913,9194.0064,0144,1274,2914,4474,4304,5624,7234,9855,2215,2925,3755,2955,2835,5685,7275,7615.8486,0306,1876,1736.0815,9975,9816,1626,4126,5876,3126,3416,3606,3746,3896,4086,4276,4376,4516,4656,4786,4986,5126,5296,5486,5506,5676,5756,5856,6036,6196,6436,6486,657

Retailtrade

6,6596,6546,7437,0077,1847,3857,3607,6017,8317,8487,7618,0358,2388,1958,3598,5208,8129,2399,6379,90610,30810,78511,03411,33811,82212,31512,53912,63013,19313,79214,55614,97215,01815,17115,15815,58716,51217,31517,88018,42219,02319,47519,60119,28419,35619,77320.50721,17321,59121,00521,04821,05621,11521,11921,17921,19621,22521,25821,26321,30021,33421,26821,34021,35021,41521,48521,56821.67121.67221,70221.80321,83521.883

Finance,insurance,and realestate

1.8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6282,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674.7244,9755,1605,2985,3405,4665,6845,9486,2736,5336,6306,6686,7096,6466,6026,7576,8966.8306,9776,8236,8126,8096,8066,8076,8106,8216,8336,8426,8596,8716,8876,8946,9196,9316,9426,9646,9676,9876,9997,0097,0267,0367,053

Services

5,1815,2395,3565,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6197,9828,2778,6609,0369,49810,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30216,25217,11217,89018,61519,02119,66420,74621,92722,95724,11025,50426,90727,93428,33629,05230,19731,57933,10734.36032,49232,64432,79832,86732,94733,03833,10633,26933,37733,46033,54633,66133,69433,90234,03934,11734,28534,37834,44834,53234,60734,70934,77134,883

Government

Total

5,6505,8566,0266,3896,6096,6456,7516,9147,2787,6167,8398,0838,3538,5948,8909,2259,59610,07410,78411,39111,83912,19512,55412,88113,33413,73214,17014,68614,87115,12715,67215,94716,24116,03115,83715,86916,02416,39416,69317,01017,38617,77918,30418,40218,64518,84119,12819,31019,45919,25519,26219,27119,28919,28919,30119,32019,36919,32519,33919,33819,34719,33619,36519,39419,39519,45919,44619,48419,60619,51919,50819,48519,516

Federal

1,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,8662,7722,7392,7742,8072,8752,8992,9432,9712,9883,0852,9662,9692,9152,8702,8222,7572,8422,8352,8312,8302,8312,8312,8252,8222,8122,8012,7962,7902,7832,7802,7802,7762,7762,7562,7522,7392,7392,7312,7322,720

State andlocal

3,7873,9484,0984,0874,1884,3404,5634,7275,0695,3995,6485,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,82310,18510,64911,06811,44611,93712,13812,39912,91913,17413,37513,25913,09813,09613,21613,51913,79414,06714,41514,79115,21915,43615,67615,92616,25816,48916,70316,41316,42716,44016,45916,45816,47016,49516,54716,51316,53816,54216,55716,55316,58516,61416,61916,68316,69016,73216,86716,78016,77716,75316,796

Note (cont'd).—which count persons as employed when they are not at work because of industrial disputes, bad weather, etc., even if theyare not paid for the time off; and which are based on a sample of the working-age population. For description and details of the variousestablishment data, see "Employment and Earnings."

Source: Department of Labor, Bureau of Labor Statistics.

351


TABLE B-45.—Hours and earnings in private nonagricultural indutries, 1959-961


Year or month

195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985 .19861987198819891990199119921993199419951996/>1995:Jan

FebMarAprMayJuneJulyAucsept':::::::::...::::::: :::....:.:OctNovDec

1996JanFebMarAprMayJune

July .. .Aug :.::SeptOctNovDec/*

Average weekly hours

Totalprivate

39.038.638.638.738.838.738.838.638.037.837.737.136.937.036.936.536.136.136.035.835.735.335.234.835.035.234.934.834.834.734.634.534.334.434.534.734.534.434.734.534.534.634.234.434.534.434.434.534.434.333.834.534.534.334.234.734.234.434.734.334.534.8

Manufacturing

Total

40.339.739.840.440.540.741.241.440.640.740.639.839.940.540.740.039.540.140.340.440.239.739.838.940.140.740.540.741.041.141.040.840.741.041.442.041.641.642.241.941.841.541.541.541.341.541.541.441.541.240.041.441.341.541.741.8'41.641.741.741.741.742.0

Over-time

2.72.52.42.82.83.13.63.93.43.63.63.02.93.53.83.32.63.13.53.63.32.82.82.33.03.43.33.43.73.93.83.63.63.84.14.74.44.54.84.74.64.44.34.24.24.34.44.34.34.24.14.34.34.64.64.64.44.54.54.44.54.7

Average hourly earnings

Total private

Currentdollars

$2.02

2.092.142.222.282.362.462.562.682.853.043.233.453.703.944.244.534.865.255.696.166.667.257.688.028.328.578.768.989.289.66

10.0110.3210.5710.8311.1211.4411.8211.3011.3111.3211.3811.3611.4311.4711.4611.5211.5511.5911.6111.6211.6511.6811.7211.7411.8311.8111.8711.9111.9011.9912.05

1982dollars2

$6.69

6.796.887.077.177.337.527.627.727.897.988.038.218.538.558.288.128.248.368.408.177.787.697.687.797.801117.817.737.697.647.527.457.417.397.407.407.437.407.397.377.397.367.397.417.397.427.427.447.447.417.427.407.407.397.447.417.457.457.427.457.47

Manu-fac-

turing(currentdollars)

$2.192.262.322.392.452.532.612.712.823.013.193.353.573.824.094.424.835.225.686.176.707.277.998.498.839.199.549.739.91

10.1910.4810.8311.1811.4611.7412.0712.3712.7812.2212.2512.2812.3112.3012.3312.3912.4212.4312.4612.4912.5112.6312.5612.5512.7412.7312.7712.7912.8912.8712.8812.9313.01

Average weekly earnings, total private

Level

Currentdollars

$78.7880.6782.6085.9188.4691.3395.4598.82

101.84107.73114.61

119.83127.31136.90145.39154.76163.53175.45189.00203.70219.91

235.10255.20267.26280.70292.86299.09304.85312.50322.02334.24

345.35353.98363.61373.64385.86394.68406.61392.11390.20390.54393.75388.51393.19395.72394.22396.29398.48398.70398.22

392.76401.93402.96402.00401.51410.50

403.90408.33413.28408.17413.66419.34

1982dollars2

$260.86261.92265.59273.60278.18283.63291.90294.11293.49298.42300.81298.08303.12315.44315.38302.27293.06297.37300.96300.89291.66

274.65270.63267.26272.52274.73271.16271.94269.16266.79264.22259.47255.40254.99254.87256.73255.29255.73

256.78255.03254.42255.68251.63254.16255.80254.34255.34255.93255.91255.11

250.48255.84255.36253.79252.68258.18

253.55256.17258.46254.47257.09259.98

Percent changefrom yearearlier3

Currentdollars

4.92.42.44.03.03.24.53.53.15.86.44.66.27.56.26.45.77.37.77.88.06.98.54.75.04.32.11.92.53.03.83.32.52.72.83.32.33.02.63.22.12.3

2^2.82.42.42.02.32.1

.22.73.12.63.64.62.53.54.42.53.85.2

1982dollars2

4.2.4

1.43.01.72.02.9

.8-.21.7.8

-.91.74.1-.0

-4.2-3.0

1.51.2-.0

-3.1-5.8-1.5-1.2

2.0.8

-1.3

-1.0-.9

-1.0-1.8-1.6

-.0

~:e.2

-.3

-:g-.9

-2.5-.8-.0

-J-.6

-A-2.5

.0

.3

~'.61.8-.4

.71.4

:51.8

1 For production or nonsupervisory workers; total includes private industry groups shown in Table B-44.2 Current dollars divided by the consumer price index for urban wage earners and clerical workers on a 1982=100 base.3 Percent changes are based on data that are not seasonally adjusted.Note.—See Note, Table B-44.Source: Department of Labor, Bureau of Labor Statistics.

352


TABLE B-46.—Employment cost index, private industry, 1980-96

Year and month

December:1980198119821983198419851986198719881989199019911992199319941995

1995-. MarJuneSeptDec

1996: MarJuneSept

1995: MarJuneSeptDec

1996: MarJuneSept

December:1980 ..198119821983198419851986198719881989199019911992199319941995


1996- MarJuneSept


1996: MarJuneSept

Total private

Totalcom-pen-

sation

Wagesandsala-ries

Bene-fits1

i

Goods-producing

Totalcom-pen-

sation

Wagesandsala-ries

Bene-fits1

Service-producing

Totalcom-pen-

sation

Wagesandsala-ries

Bene-f i ts1

Manufac tur ing

Totalcom-pen-

sation

Wagesand

sala-ries

Bene-f i t s 1

Non m a n u f a c t u r i n g

Totalcom-pen-

sation

Wagesand

sala-ries

Bene-f i t s 1

Index. June 1989=100; not seasonally adjusted

64.871.275.880.184.087.390.193.197.6

102.3107.0111.7115.6119.8123.5126.7124.5125.4126.2126.7127.9129.0129.8

67.173.077.681.484.888.391.194.198.0

102.0106.1110.0112.9116.4119.7123.1120.6121.5122.4123.1124.4125.6126.5

59.466.671.476.781.784.687.590.596.7

102.6109.4116.2122.2128.3133.0135.9134.5135.1135.6135.9136.6137.4138.1

66.773.377.881.685.488.291.093.897.9

102.1107.0111.91161120.6124.3127.3125.3125.9126.5127.3128.2129.3130.1

69.775.780.083.286.489.492.395.298.2

102.0105.8109.7112.8116.1119.6122.9120.4121.4122.1122.9123.9125.1126.1

60.568.273.278.383.285.788.390.997.3

102.6109.9116.7123.4130.3134.8137.1135.9135.9136.2137.1137.7138.6138.8

63.369.574.178.982.986.689.392.697.3

102.3107.0111.6115.2119.3122.8126.2123.9124.9125.8126.2127.6128.6129.5

65.371.175.980.283.787.790393.497.8

102.2106.3110.2113.0116.6119.7123.2120.7121.6122.6123.2124.7125.8126.7

58.465.169.675.280.483.686.890.296.1

102.6109.0115.7121.2126.7131.5134.7133.2134.1134.8134.7135.5136.2137.2

66.072.576.980.885.087.890.793.497.6

102.0107.2112.2116.5121.3125.1128.3126.2126.9127.3128.3129.3130.4131.3

68.974.979.182.586.189.292.195.298.1

101.9106.2110.3113.7117.3120.8124.3121.9122.9123.5124.3125.4126.5127.7

59.967.572.477.582.785.087.589.896.6

102.3109.5116.1122.6130.0134.3136.7135.4135.2135.5136.7137.5138.5138.8

64.270.475.179.683.487.089.792.997.5

102.3106.9111.5115.1119.0122.6125.9123.7124.6125.5125.9127.2128.2129.1

66.272.176.881.084.288090.693.797.8

102.2106.1109.8112.6116.0119.1122.5120.0120.9121.9122.5123.9125.1125.9

59.166.170.676.281.184.487.591.096.8

102.8109.3116.2122.0127.4132.3135.3133.9134.7135.4135.3136.0136.7137.5

Index, June 1989=100; seasonally adjusted

124.4125.3126.1126.9127.8128.8129.6

120.6121.5122.4123.2124.5125.6126.4

133.8134.6135.4136.1136.0136.9137.8

125.3126.0126.7127.7128.2129.4130.3

120.4121.4122.1122.9123.9125.1126.1

135.4135.7136.3137.7137.2138.4138.9

124.0124.9125.8126.5127.5128.5129.4

120.7121.6122.5123.3124.8125.8126.5

132.9133.9134.8135.2135.2136.0137.1

126.0126.7127.4128.4129.0130.2131.3

121.9122.9123.5124.3125.4126.5127.7

134.8135.1135.7137.1137.0138.4139.0

123.6124.6125.4126.2127.2128.2128.9

120.0120.9121.8122.6124.0125.1125.7

133.5134.5135.4135.9135.7136.5137.4

Percent change from 12 months earlier, not seasonally adjusted

9.69.96.55.74.93.93.23.34.84.84.64.43.53.63.12.62.92.82.62.62.72.92.9

9.18.86.34.94.24.13.23.34.14.14.03.72.63.12.82.82.92.92.82.83.23.43.3

11.712.1

7.27.46.53.53.43.46.96.16.66.25.25.03.72.22.92.62.12.21.61.71.8

9.99.96.14.94.73.33.23.14.44.34.84.63.83.93.12.42.92.42.12.42.32.72.8

9.48.65.74.03.83.53.23.13.23.93.73.72.82.93.02.83.02.92.72.82.93.03.3

10.812.77.37.06.33.03.02.97.05.47.16.25.75.63.51.72.41.51.01.71.32.01.9

9.79.86.66.55.14.53.13.75.15.14.64.33.23.62.92.82.93.12.92.83.03.02.9

8.88.96.85.74.44.83.03.44.74.54.03.72.53.22.72.92.92.92.92.93.33.53.3

12.511.56.98.06.94.03.83.96.56.86.26.14.84.53.82.43.33.42.72.41.71.61.8

9.89.86.15.15.23.33.33.04.54.55.14.73.84.13.12.63.02.82.32.62.52.83.1

9.48.75.64.34.43.63.33.43.03.94.23.93.13.23.02.93.33.32.92.92.92.93.4

10.512.7

7.37.06.72.82.92.67.65.97.06.05.66.03.31.82.61.71.21.81.62.42.4

9.79.76.76.04.84.33.13.65.04.94.54.33.23.43.02.72.82.82.62.72.82.92.9

8.98.96.55.54.04.53.03.44.44.53.83.52.63.02.72.92.72.72.72.93.33.53.3

12.611.86.87.96.44.13.74.06.46.26.36.35.04.43.82.33.13.02.42.31.61.51.6

Percent change from 3 months earlier, seasonally adjusted

0.7.7.6

'.7.8.6

0.8.7.7.7

1.1.9.6

0.1.6.6.6

~>.7

0.7.6.6.8.4.9.7

0.7.8.6

.81.0.8

0

'41.0-.4

.9

.4

0.9

.7

.6

.8

.8

.7

0.8

>.7

1.2.8.6

0.7.8.7.4

0.6.8

0.6.6.6.8

^9.8

0.9.8

:&.9.9.9

0.2.4

1.0-.11.0

.4

0.7.8.6.7.8.8.5

0.7.8.7.7

1.1.9.5

0.5.7.7.4

-.1.6.7

1 Employer costs for employee benefits.Note.—The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shifts among

occupations and industries.Data exclude farm and household workers.Through December 1981, percent changes are based on unrounded data; thereafter changes are based on indexes as published.Source: Department of Labor, Bureau of Labor Statistics.

353


TABLE B-47.—Productivity and related data, business sector, 1959-96[Index numbers, 1992=100; quarterly data seasonally adjusted]

Year orquarter

1959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

19901991199219931994

1995

1992:1I IIll ....IV

1993:1IIIll ....IV

1994:1I IIll ....IV

1995:1IIIll ....IV

1996:1IIIll ....

Output per hourof all persons

Busi-ness

sector

50.7

51.553.255.657.860.562.665.066.568.869.1

70.473.475.878.277.179.782.684.284.884.5

84.386.085.588.390.392.094.294.194.695.3

96.196.7

100.0100.2100.7

100.8

99.399.999.7

101.1

100.299.8

100.0100.9

100.5100.6101.1101.1

100.4100.8101.2101.0

101.5101.8101.8

Nonfarmbusiness

sector

54.3

54.956.659.261.363.965.868.169.371.771.7

72.775.778.380.879.581.784.686.087.186.4

86.187.186.490.091.592.594.994.695.295.7

96.296.9

100.0100.2100.7

100.9

99.399.999.7

101.1

100.199.7

100.1100.8

100.3100.6101.0101.1

100.5100.9101.3101.1

101.5101.7101.6

Output'

Busi-ness

sector

33.8

34.334.937.138.841.344.247.148.050.452.0

51.853.857.461.360.659.964.067.871.673.8

72.974.972.676.282.585.988.691.194.697.8

98.796.9

100.0102.7107.0

109.6

98.899.699.8

101.7

101.4102.1102.8104.5

104.9106.7107.7108.7

108.8109.0110.3110.4

111.2112.6113.2

Nonfarmbusinesssector

33.5

34.034.737.138.741.444.347.448.250.852.3

52.254.157.962.161.160.164.368.072.374.3

73.574.872.476.882.885.888.791.495.198.1

98.897.1

100.0102.9107.0

109.9

98.899.699.8

101.8

101.6102.2103.3104.7

104.9106.7107.8108.8

109.0109.2110.6110.7

111.4112.!113.3

Hours of allpersons2

Busi-ness

sector

66.6

66.765.666.767.168.370.672.472.273.375.2

73.673.375.778.578.675.177.580.584.587.3

86.587.184.986.391.393.494.096.8

100.0102.5

102.6100.2100.0102.5106.2

108.8

99.599.8

100.1100.7

101.3102.3102.9103.5

104.4106.0106.6107.6

108.4108.2109.0109.3

109.6110.6111.1


61.7

62.061.262.663.264.767.269.669.670.872.9

71.771.573.976.876.973.676.079.183.186.0

85.385.983.885.390.592.893.596.599.9

102.5

102.7100.2100.0102.8106.3

108.9

99.599.7

100.1100.7

101.4102.6103.2103.9

104.6106.1106.7107.6

108.4108.3109.1109.5

109.8110.9111.5

Compensationper hour3

Busi-ness

sector

13.1

13.714.214.915.416.216.817.918.920.521.9

23.625.126.729.031.835.138.241.244.949.2

54.559.764.266.869.873.277.079.983.585.8

90.795.1

100.0102.5104.5

107.8

98.699.5

100.7101.2

101.7102.3102.8103.3

104.0104.2104.7105.5

106.2107.3108.3109.4

110.3111.4112.5

Nonfarmbusiness

sector

13.7

14.314.815.415.916.717.218.219.320.822.2

23.825.427.029.232.135.438.441.545.349.6

54.960.264.767.470.373.577.380.283.685.9

90.695.1

100.0102.3104.3

107.7

98.699.6

100.7101.2

101.5102.0102.5103.0

103.8104.1104.5105.4

106.2107.2108.2109.3

110.2111.3112.2

Real compensationper hour 4

Busi-ness

sector

63.2

64.866.769.070.673.374.877.679.682.683.8

85.487.189.791.790.691.594.295.496.695.1

92.892.293.394.294.295.498.598.799.097.1

97.497.9

100.099.599.0

99.2

99.899.8

100.399.9

99.699.599.699.3

99.599.098.698.8

98.898.999.399.8

99.899.9

100.2

Nonfarmbusiness

sector

66.0

67.869.471.573.175.576.778.981.083.985.0

86.287.990.692.491.492.294.796.197.495.8

93.592.994.095.094.995.999.099.199.297.1

97.397.9

100.099.398.8

99.1

99.799.9

100.399.9

99.599.399.399.0

99.298.998.498.7

98.798.899.299.6

99.799.7

100.0

Unit laborcosts

Busi-ness

sector

25.8

26.626.726.726.626.826.827.628.529.831.7

33.634.335.337.141.344.146.248.952.958.2

64.769.475.175.777.279.681.784.988.390.0

94.498.3

100.0102.3103.8

106.9

99.399.6

101.0100.1

101.5102.6102.9102.4

103.6103.6103.6104.4

105.8106.5107.0108.3

108.6109.4110.5

Nonfarmbusiness

sector

25.2

26.026.126.026.026.126.226.827.829.031.0

32.833.534.536.240.443.345.448.352.057.3

63.869.274.874.976.879.581.584.787.889.7

94.298.1

100.0102.1103.7

106.7

99.399.6

101.0100.1

101.4102.4102.4102.2

103.4103.5103.5104.2

105.6106.3106.8108.1

108.5109.4110.4

Implicit pricedef later *

Busi-ness

sector

25.5

25.826.126.426.526.827.328.028.829.931.1

32.634.035.237.040.444.346.649.353.157.7

62.968.672.675.377.779.981.683.886.890.5

94.097.7

100.0102.5104.7

107.1

99.399.7

100.1100.9

101.7102.3102.7103.3

103.9104.4105.1105.6

106.4106.9107.5107.8

108.2108.8109.1

Nonfarmbusiness

sector

25.0

25.325.525.826.026.326.727.328.229.330.5

31.933.334.335.539.143.245.648.651.956.4

61.967.972.274.777.079.781.483.586.490.0

93.897.6

100.0102.5104.9

107.2

99.299.8

100.1100.9

101.8102.4102.7103.3

103.9104.5105.3105.7

106.5107.1107.5107.8

108.1108.7109.0

1 Output refers to real gross domestic product originating in the sector.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarilyon establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an estimateof 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 output divided by the output index.


354


TABLE B-48.—Changes in productivity and related data, business sector, 1960-96

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

Year nrTear Oiquarter

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991199219931994

1995

1992:1IIIllIV

1993:1IIIll ....IV

1994:1IIIll ....IV

1995:1IIIll ....IV

1996:1IIIll ....

Output per hourof all persons

Busi-ness

sector

1.63.34.63.94.6

3.53.92.33.5

.4

1.84.33.33.1

-1.3

3.33.71.9

.7-.3

-.22.0-.63.32.3

1.82.5-.2

.5

.8

.8

.63.4

.2

.5

.1

8.12.1_ c

5.4

-3.5-1.6

.83.8

-1.7«jL9

.2

-2.61.41.4-.6

2.11.20


1.23.14.63.44.3

3.03.51.73.4.1

1.44.13.43.1

-1.6

2.73.61.61.3-.8

-.41.1-.84.21.7

1.02.6-.3

.6

.5

.5

.73.2

.2

.5

.3

7.22.5

-105.9

-3.8-1.8

1.72.8

-1.81.01.7

.4

-2.31.51.8

-1.2

1.9.6

-.3

Output'

Busi-ness

sector

1.61.76.44.56.4

7.06.62.05.03.0

-.33.86.66.9

-1.2

-1.26.95.95.63.0

-1.12.7

-3.15.08.2

4.13.22.93.83.4

.9-1.8

3.22.74.2

2.5

6.23.2

87.9

-1.22.53.065

1.76.94.13.8

3>

4.8c

3.05.02.1


1.61.96.94.56.8

7.07.11.75.23.0

-.23.86.97.3

-1.5

-1.77.15.76.42.8

-1.21.9

-3.36.17.9

3.63.43.04.13.2

.7-1.8

3.02.94.0

2.7

5.63.1

78.4_ g2.74.15.5

.87.04.24.0

.6c

5X

2.74.81.8

Hours of allpersons2

Busi-ness

sector

0.1-1.6

1.7.6

1.7

3.42.6-.31.52.6

-2.0-.43.33.7.1

-4.43.13.94.93.4

-.9.7

-2.51.75.8

2.2.7

3.03.32.5

.1-2.3-.22.53.7

2.4

-1.71.1142.4

2.44.22.22.6

3.56.42.13.6

3.0-.73.31.1

.83.12.0


0.5-1.1

2.11.12.4

3.93.6-.01.72.9

-1.6-.33.44.0.1

-4.33.44.05.03.6

-.8.7

-2.51.86.0

2.5.8

3.23.52.6

.2-2.5-.22.83.5

2.4

-1.5.6

1 72.4

3.04.62.42.6

2.76.02.43.6

2.9-.63.21.5

.84.12.1

Compensationper hour ^

Busi-ness

sector

4.34.04.53.75.2

3.76.75.78.17.0

7.86.46.38.69.7

10.38.87.99.09.7

10.89.57.54.24.4

4.95.23.84.52.8

5.74.85.22.51.9

3.1

8.03.4492.0

1.92.62.02.0

2.8.7

2.02.9

2.84.13.64.3

3.24.33.8


4.43.44.13.54.6

3.35.85.87.96.8

7.26.56.48.29.9

10.18.68.09.19.5

10.89.77.44.24.2

4.65.23.74.32.7

5.54.95.22.32.1

3.2

7.84.1462.0

132.\1J2.0

2.91.31.83.3

2.94.03.74.0

3.43.93.4

Real compensationper hour4

Busi-ness

sector

2.62.93.52.33.8

2.13.72.53.81.5

1.91.93.02.2

-1.2

1.12.91.31.3

-1.5

-2.4-.71.2.9.0

1.33.3.2.3

-2.0

.3

.62.1-.5-.6

.3

5.2.1

1 9-1.5

-1.C

!l-1.2

.8-1.8-1.7

.7

-.0.7

1.51.9

-.0.4

1.5


2.72.43.02.23.3

1.72.82.73.51.3

1.42.03.11.9

-1.1

.92.71.41.4

-1.7

-2.4-.61.21.0-.1

1.03.3

.1

.1-2.1

.1

.72.1-.7-.5

.3

5.0.7

15-1.5

-1.6-.8-.1

-1.1

.9-1.2-1.9

1.0

.1

.61.61.6

.2

.11.1

Unit laborcosts

Busi-ness

sector

2.7.6

-.1-.2

.5

.32.73.34.56.6

5.92.12.95.3

11.2

6.84.95.88.2

10.0

11.07.48.1

2!0

3.02.64.04.01.9

4.94.21.72.31.4

3.0

-.11.355

-3.2

5.64.31.2

-1.8

4.6.2.1

2.8

5.62.62.15.0

1.13.13.8


3.2.3

-.5.1.3

.32.34.04.36.7

5.72.32.94.9

11.6

7.24.96.37.7

10.3

11.28.58.2

2.5

3.62.54.03.72.1

5.04.21.92.11.5

2.95

1656

-3.7

5.24.0

-1

4.9.3.1

2.9

5.32.51.95.2

1.53.33.7

Vtittn**

Busi-ness

sector

1.31.0

.9

.71.0

1.72.62.83.84.3

4.64.53.45.29.0

9.85.15.97.88.6

9.09.05.93.73.2

2.82.22.73.54.2

4.03.92.42.52.2

2.3

2.81.9153.0

3.52.51.32.4

2.41.82.72.0

3.02.22.01.0

1.52.41.2


1.1.9.8.9

1.2

1.52.33.33.94.2

4.54.62.93.6

10.0

10.65.66.46.98.6

9.89.66.43.43.1

3.42.22.63.44.2

4.24.12.42.52.3

2.2

3.02.11 43.2

3.82.11.22.5

2.52.22.91.9

3.02.01.7.9

1.42.11.1

1 Output refers to real gross domestic product originating in the sector.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarilyon establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an estimateof 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 output divided by the output index.

Note.—Percent changes are based on original data and may differ slightly from percent changes based on indexes in Table B-47.Source: Department of Labor, Bureau of Labor Statistics.

355


PRODUCTION AND BUSINESS ACTIVITY

TABLE B—49-—Industrial production indexes, major industry divisions, 1947—96[1987=100; monthly data seasonally adjusted]

Year or month

19471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996*1995:Jan

FebMarAprMayJuneJulyAug .SeptOct ..NovDec

1996:JanFebMarAprMayJuneJulyAugSeptOct"NovDec/*

Totalindustrialproduction

22.723.622.325.828.029.131.629.933.735.135.633.337.338.138.441.644.047.051.756.357.560.763.561.462.268.373.872.766.372.478.282.685.784.185.781.984.992.894.495.3100.0104.4106.0106.0104.2107.7111.5118.1121.9125.8121.8121.7121.9121.4121.3121.4121.5122.7122.8122.2122.6122.8122.5124.2123.6124.5125.4126.4126.3126.9127.2127.1128.1129.1

Manufacturing

Total

21.222.020.824.226.127.229.627.731.332.532.930.634.535.235.338.440.743.548.252.653.656.659.156.457.363.368.967.961.167.473.377.880.978.880.376.680.989.391.694.3100.0104.7106.4106.1103.8108.2112.3119.7123.9128.0124.1123.9124.0123.5123.2123.3123.3124.2124.9124.4124.5124.8124.5126.2125.2126.5127.4128.5129.0129.2129.6129.5130.4131.8

Durable

19.920.818.923.025.927.531.127.431.332.432.628.532.833.332.736.338.741.447.152.352.955.557.753.353.159.366.264.856.762.668.773.978.375.777.472.776.888.491.893.9100.0106.6108.6107.4104.1109.3115.6125.8132.5139.9131.8132.1132.2131.6131.1131.5131.5133.2134.4133.5134.3134.8134.9137.5135.6138.3139.1141.1

141.5142.2142.3141.5142.8144.7

Nondurable

22.623.423.025.626.426.928.028.231.332.933.533.737.138.039.141.543.846.649.852.954.658.161.161.163.669.372.772.367.774.680.183.584.683.184.582.587.090.891.594.9100.0102.3103.7104.4103.4106.7108.6113.0114.3114.8115.6114.8115.1114.6114.4114.3114.3114.3114.4114.3113.7113.8113.1113.8113.6113.5114.4114.6115.2114.8115.6116.2116.7117.6

Mining

55.558.351.757.763.462.864.563.270.574.274.368.171.372.773.175.278.281.484.488.990.694.197.8100.497.899.9100.8100.398.098.9101.5104.6106.6110.0114.3109.3104.8111.9109.0101.0100.0101.3100.0102.0100.298.998.0100.399.9101.2100.6100.8100.3100.6100.5101.0100.7100.0100.098.298.398.197.198.0101.1100.4100.5102.8100.9102.7101.9102.0102.7104.0

Utilities

11.713.013.915.818.119.621.322.925.628.130.031.434.536.939.041.944.848.751.755.658.463.168.772.976.481.384.583.584.387.689.992.795.395.994.391.893.697.099.596.3100.0105.0108.7109.9112.3111.9116.3117.9122.0126.1117.3118.5119.2118.8122.1121.0122.7128.8122.7121.6125.4125.1125.6126.6128.0126.4128.4126.6122.6125.6125.4125.5128.4124.1

Source: Board of Governors of the Federal Reserve System.

356


TABLE B-50.—Industrial production indexes, market groupings, 1947-96[1987=100; monthly data seasonally adjusted]

Year or month

19471948194919501951195219531954195519561957195819591960196119621963 .19641965196619671968196919701971197219731974197519761977 ..1978197919801981198219831984198519861987198819891990199119921993199419951996 P1995: Jan

FebMarAprMay ...::: ::::::::::JuneJulyAug ....:: '"I"SeptOctNovDec

1996: JanFebMarAprMayJuneJulyAugSeptOct/>NOVA>Dec**

Totalindus-trialpro-duc-tion

22.723.622.325.828.029.131.629.933.735.135.633.337.338.138.441.644.047.051.756.357.560.763.561.462.268.373.872.766.372.478.282.685.784.185.781.984.992.894.495.3

100.0104.4106.0106.0104.2107.7111.5118.1121.9125.8121.8121.7121.9121.4121.3121.4121.5122.7122.8122.2122.6122.8122.5124.2123.6124.5125.4126.4126.3126.9127.2127.1128.1129.1

Final products

Total

20.821.520.923.525.427.329.127.629.831.632.531.034.035.135.438.440.642.947.151.653.756.358.156.056.561.365.965.761.866.271.676.179.080.082.180.883.091.094.295.7

100.0104.8106.8107.0105.4108.7112.71183121.4125.6120121.1121.5120.9120.6121.1121.2122.4122.6121.3121.9122.1121.9124.5123.4124.8125.1126.0126.7126.5126.8126.9128.2129.2

Consumer goods

Total

25.426.226.129.729.430.131.931.735.436.737.637.240.942.443.346.248.851.555.558.459.863.465.865.068.874.377.675.272.379.485.188.487.385.385.884.588.892.893.796.8

100.0102.9104.0103.4103.0106.0109.5113.7115.1116.4115.5114.9115.3114.4114.1114.8114.6115.9116.0114.9115.9115.7114.6116.6115.3115.9116.3116.8117.3116.5116.8116.7118.2118.7

Auto-motiveprod-ucts

21.722.622.528.325.022.528.426.535.228.930.324.130.234.631.638.341.943.954.153.947.456.456.747.760.865.672.462.659.073.284.086.378.559.559.257.571.986.692.795.3

100.0106.4108.2100.791.1

100.9115.1130.8130.7131.7134.4135.3134.4131.7127.1129.1125.3130.7132.9128.5130.5132.8125.9133.1120.3133.5134.1138.4143.4137.5135.8128.4135.2135.9

Otherdura-

blegoods

22.823.822.030.426.226.229.627.332.233.933.231.336.036.237.340.543.747.754.159.660.464.769.066.970.881.085.779.369.878.287.491.289.885.186.378.186.294.690.693.9

100.0103.0105.2103.6100.3104.9111.8118.5118.6119.0120.8120.4118.6119.0116.7116.3118.1118.1119.6118.9119.9120.5115.5118.1118.5118.5119.3123.4120.5118.7117.7117.2117.3121.8

Non-durablegoods

27.027.727.930.331.332.633.533.936.538.840.141.344.145.547.049.251.454.056.359.062.064.566.767.869.774.276.576.574.980.484.487.887.789.189.689.791.993.494.497.6

100.0102.4103.2103.8105.0106.9108.6111.2112.9114.4112.7111.9112.7111.8112.4113.1113.0113.9113.7112.9113.8113.2113.3114.5114.4113.6114.0113.5114.0113.8114.6115.4116.4116.4

Equipment

Total >

15.015.814.115.321.225.527.624.224.727.128.225.227.728.528.131.333.135.039.646.149.050.451.848.145.049.355.056.852.053.858.864.271.074.678.277.076.889.294.894.5

100.0107.6110.9112.1108.8112.5117.5125.3131.4140.5130.4131.0131.4131.3130.8131.2131.6132.9133.1131.5131.4132.3133.7137.3136.5139.2139.2140.8142.0142.8143.2143.4144.7146.3

Busi-ness

14.715.313.414.317.519.820.618.119.622.723.619.922.423.022.324.325.528.532.637.838.640.342.941.339.344.852.454.748.850.656.763.171.573.576.172.971.985.491.193.1

100.0110.7115.5116.9115.9123.4131.8144.91.55.7168.5153.2154.3155.1155.0154.3155.1155.7157.5158.2156.5156.9158.4160.5164.8162.7166.3166.0168.6170.3171.1172.0172.5174.6176.6

De-fenseand

space

7.58.89.2

10.826.537.244.639.335.935.136.736.838.839.940.646.950.649.054.363.772.772.969.458.752.851.350.149.448.549.249.249.551.557.458.565.771.878.989.496.0

100.099.7

100.198.890.884.879.371.965.963.968.968.267.867.166.866.866.566.165.264.462.962.061.663.164.264.064.363.764.565.064.764.163.563.8

Inter-mediate

prod-ucts

22.423.622.426.127.427.229.129.032.934.434.433.637.137.438.140.442.745.548.451.453.556.659.658.760.567.671.969.462.669.074.979.181.277.077.075.180.386.288.391.9

100.0101.8102.0101.296.899.3

101.8107.3109.0110.7109.5109.5109.2108.2108.2108.2108.5109.4109.5109.2109.3110.1108.5109.3109.6108.6110.1111.3109.9111.2111.9111.8112.7113.0

Materials

Total

25.126.223.928.631.632.135.632.938.939.939.935.941.442.042.045.848.752.658.763.963.367.571.569.070.077.284.582.872.681.287.391.895.491.392.885.188.396.696.695.9

100.0105.0106.7106.8105.5109.7113.8122.0127.4131.8127.1127.1127.2127.0127.2126.8126.8128.1128.1128.1128.4128.4128.5129.4129.1130.3131.6132.6132.1133.5133.4133.1133.8135.1

Dura-ble

21.522.119.824.928.328.933.829.235.735.835.830.135.936.335.539.442.145.952.657.955.959.262.356.556.864.273.371.259.368.475.381.485.379.382.173.479.292.192.993.7

100.0106.8108.4107.6105.6112.8120.1132.3141.5149.7140.0140.2140.3139.8139.8139.7140.2142.3144.1143.9145.3144.8145.8147.3145.5147.3148.8150.5150.3152.3152.0151.4151.8154.2

Non-dur-able

25.228.930.230.129.934.234.836.239.241.645.249.653.654.559.964.965.268.074.980.480.871.981.486.789.792.988.790.582.189.293.091.794.4

100.0104.4107.1108.0106.6110.1111.6118.0119.8119.2122.2121.5121.5121.7122.2120.4118.9118.8117.8118.7116.6117.4115.7116.1116.3118.8120.0120.1121.1119.9120.4120.3121.3122.1

Ener-gy

52.759.362.763.458.862.363.163.665.869.772.575.880.683.487.291.796.297.1

100.8101.598.896.799.0

101.1102.2105.0106.2104.3100.798.9

103.8103.499.5

100.0102.2103.1104.2104.4103.7103.5105.3106.6107.8106.2106.4106.4106.6107.2107.2107.5108.5105.8105.5105.7106.0105.9106.1108.2107.0108.1108.7106.3108.4108.2108.5109.7109.1

1 Two components—oil and gas well drilling and manufactured homes—are included in total equipment, but not in detail shown.Source: Board of Governors of the Federal Reserve System.

357


TABLE B-51.—Industrial production indexes, selected manufactures, 1947-96

[1987=100; monthly data seasonally adjusted]

Year or month

19471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996*1995- Jan


1996JanFebMarAprMayJuneJulyAugsept .::.:...Oct/>NOVPDeep

Durable manufactures

Primarymetals

Total

70.273.061.477.384.176.887.070.491.590.987.169.080.780.478.984.691.2

102.9113.2120.2111.1115.1123.8115.2109.2122.4138.9134.5107.2119.9121.5130.7133.0110.8117.583.291.0

102.4101.8

93.7100.0108.7107.2106.5

98.6101.9107.7116.4119.2119.8121.5120.8121.3120.2119.5117.5118.3115.4121.0115.7120.8120.0121.5117.1118.0119.2118.6121.0118.6120.1120.9124.0118.3121.8

Ironandsteel

102.1106.891.2

112.4125.7110.6127.599.1

131.8129.3124.693.9

108.1109.9104.9109.3119.1135.5148.7153.1141.5146.1159.2148.2135.5150.6171.5166.1133.5147.1145.1155.3156.5126.0135.186.296.1

105.9104.590.8

100.0112.7111.2111.5100.5104.7111.9119.3122.4123.8125.5124.9125.8123.5123.0119.2119.3117.7127.0115.1126.1122.7128.1119.5120.2122.9121.0124.2122.8124.1123.6129.8122.9126.6

Fabri-catedmetalprod-ucts

37.538.234.442.245.144.049.644.751.051.853.147.653.453.452.156.758.562.168.373.176.580.681.975.975.682.992.188.476.784.992.796.299.592.591.183.285.593.394.593.8

100.0104.2102.899.594.599.0

103.1110.5113.9117.1114.3115.0114.3112.3113.7113.7112.4114.3115.1114.0114.5115.0115.6117.0116.1115.5116.7117.3117.2118.1117.9117.5118.3119.0

Indus-trialma-

chineryand

equip-ment

12.012.110.311.614.716.016.714.215.617.917.915.017.517.617.119.220.523.326.230.531.131.333.932.830.535.441.444.138.140.045.150.256.960.665.963.964.380.886.890.3

100.0113.0117.3117.6114.7124.0138.1157.7177.8205.4171.4171.8172.4174.3174.6174.4176.0179.5181.3183.8186.5190.1191.9196.1197.8199.0201.2205.2205.8210.5211.3212.3214.9218.4

Electri-cal

machin-ery

8.58.88.3

11.311.413.014.913.315.316.516.415.018.219.821.024.124.826.231.337.537.739.842.340.540.746.553.052.445.150.758.464.071.373.375.475.980.394.193.194.3

100.0108.5111.0111.4113.9123.5134.1154.3174.9189.0166.7167.7169.4169.6171.1173.0175.7178.7180.8182.4183.6182.8182.4188.7187.9187.3188.8191.0190.1190.2190.2189.3189.9193.5

Transportationequipment

Total

19.621.421.525.728.733.341.836.441.940.643.534.338.940.337.843.748.049.258.562.761.366.666.155.560.164.173.066.459.768.073.779.581.072.368.764.872.783.191.896.9

100.0105.2109.6107.0101.1104.8109.2115.3113.3114.0117.8118.5118.0115.7113.2113.4111.6114.1114.1109.3108.6109.7108.3112.1103.1114.6114.6116.6120.3118.7117.9113.8118.4119.3

Motorvehicles

andparts

27.329.630.439.035.830.738.733.344.636.238.028.036.441.136.043.948.649.963.762.655.166.066.353.366.973.085.073.462.281.994.799.291.067.064.458.874.590.699.098.5

100.0105.7106.9101.094.4

107.4122.9141.2141.9141.6147.3148.4147.6143.0138.8139.7136.7142.1143.3139.7140.7141.2135.5141.1121.3144.3144.7148.7154.5150.3148.0138.0146.3147.0

Lum-berand

prod-ucts

38.840.435.743.443.242.745.144.850.149.545.446.152.349.351.654.456.961.163.565.965.367.267.166.768.578.478.771.466.575.682.383.682.476.974.767.379.986.088.095.1

100.0100.199.497.190.295.297.1

104.0104.5107.5107.1105.0103.9103.9101.7103.0103.7103.7106.2105.7104.8106.9103.1103.3107.5108.4107.7110.6107.4109.0108.3107.3108.0107.9

Nondurable manufactures

Apparelprod-ucts

43.145.044.547.947.049.550.149.554.756.055.854.359.760.961.363.866.468.772.674.574.176.078.475.376.280.981.577.971.183.991.693.989.089.291.090.193.895.792.696.3

100.098.195.092.292.795.097.1

100.195.790.1

100.699.899.397.497.595.594.894.594.593.392.491.589.290.989.790.490.890.990.190.690.190.089.490.1

Textilemill

prod-ucts

35.237.734.839.639.238.939.937.342.543.741.641.146.445.646.950.151.956.061.064.764.872.376.074.478.586.089.681.577.786.391.692.095.092.189.483.093.293.789.793.9

100.098.6

100.397.196.5

104.0109.9113.5112.6109.3117.2115.9116.2117.2113.6110.4109.9112.4110.5111.1108.9108.3104.1106.2109.0108.2108.8111.1112.4110.1109.6110.3111.5112.5

Printingand

publish-ing

22.123.223.824.925.425.326.527.630.332.333.432.634.836.236.437.739.742.144.848.350.951.754.252.753.256.758.357.453.758.764.368.169.970.372.175.279.084.587.690.6

100.0100.9101.1100.8

97.098.198.8

100.199.498.1

100.1100.399.399.299.098.699.0

100.599.898.999.398.897.998.796.796.397.797.297.297.498.299.2

100.0100.0

Chem-icalsand

prod-ucts

8.79.49.3

11.613.113.714.815.017.618.919.920.624.024.926.129.031.734.838.742.244.249.653.755.959.566.973.175.869.177.383.388.091.387.889.281.887.591.491.494.6

100.0106.0109.2111.8110.5114.4115.4121.3125.0129.1126.2124.7125.0123.5124.0124.4124.0124.4125.3126.7126.0126.5127.1127.1126.5126.0127.7128.1129.7129.2130.7132.3132.5132.6

Foods

33.132.833.134.335.035.736.437.239.341.542.243.245.446.647.949.551.253.654.856.959.461.063.064.066.069.570.971.971.475.579.081.882.684.686.587.790.192.194.997.4

100.0101.5102.5103.7105.3106.9109.5113.2115.3115.9115.9114.2115.0115.1115.9116.1115.3115.5115.5115.4114.8114.8114.8116.0115.6115.4115.6115.1115.8114.6115.5116.5116.9118.3


358


TABLE B-52.—Capacity utilization rates, 1948-96

[Percent-1 monthly data seasonally adjusted]

Year or month

19481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976 .197719781979198019811982198319841985 . . . .19861987198819891990199119921993199419951996*1995-Jan

FebMarAprMayJune . ..Ju lyAuesept:..:.:::::..::OctNovDec

1996- JanFebMarAprMay .: ::TJuneJulyAugSeptOct/'NovDec*

Totalindustry

86486.886980.879284.388484274679383385.586.282.180975.075881.180379.281.583783782179.280381.483983883.285184.784684083.783583.383983.483083.483.882483.382.683083.383.783.483583483.083.483.8

Total

82.574282.885.885489380187086.183675.081680177.381483.585689.591 187.287.286.879.778283.788183.873278.582885.185.480.278.872.874.980.479.579.181.683683281378.079580.683383082.184684.284083482.882782.482782.381982.282.881482.381.381982.182.682.582482381.982.282.8

Durablegoods

87.186.886.376.774380.987582.770275.480383.584.978.676669.070.578.377.876.278.681981.679175.076979.182.682782.084484.283.883082.382181.782482.281381.682.281.382.580.982182.182.982.682682281.381.682.2

Manufacturing

Non-durablegoods

86386.686682.982886.687584076481885286285.181.481078.081 183.181983.085685985.384081.682582.384083382.284984.284.283783.583383.183082.482783.083.581.481.981.681.582.082.082.382082.482.783.083.5

Primaryprocessing

87376288590.284989480692089484775483079877981583887891091485486.386980.479386491586072980184086386.478.078069.074880.479880.984986986284179.882484.187987486.189789.388988287.887086.786286.786686.186.985.484.985.385586.186.886.686686786.686.186.9

Advancedprocessing

80073279883.485989380084284483 174981 180577281683484688891 188087.486579177482586582873577881984384.881379174.674980.379478.380182282080177.278279.081381 180.582582.081981380.880880.681280.580080.681.179781.179.680480.580.880.880680580.080.681.1

Mining

81283.586.688.987490.492592.589990.090991.391.994.094686579984.482978.279984185488487486987.089689390.589890.089689989.790290.089391.291291.993.086.887.690.389.789.891.990.391991291.391.993.0

Utilities

93.494.195.895.493994.692986.884084.884684.885.985.582.879.580.382.583.580.282.084286.085.785.884787.087.790392.287.388.288.688290.689.790.895.391.491.493.490.292.493.194.092.794.192.689.691.691.491.493.490.2

1 Output as percent of capacity.Source: Board of Governors of the Federal Reserve System.

359


TABLE B-53.—New construction activity, 1959-96

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

Year or month

19591960196119621963

New series19641965196619671968196919701971197219731974197519761977197819791980198119821983 . .19841985 . . . . .1986198719881989199019911992 . . . .1993199419951995- Jan

FebMarAprMayJuneJulyAugy

SeptOctNovDec

1996- JanFebMarAprBay .:..:.::::::June

JulyAueSept ". ".Oct>Nov/>

Totalnew

construc-tion

55.454.756.460.264.8

75.181.985.887.296.8

104.9105.9122.4139.1153.8155.2152.6172.1200.5239.9272.9273.9289.1279.3311.6369.0401.4429.9441.6455.6469.8468.5424.2452.1482.7527.1547.1542.7545.5547.9549.3541.5545.1545.0542.3550.5550.0549.7555.7559.0544.6557.0564.6558.5563.1559.3564.7572.3581.0592.0

Private construction

Total

39.338.939.342.345.5

54.960.061.961.869.477.278.092.7

109.1121.4117.0109.3128.2157.4189.7216.2210.3224.4216.3248.1298.8323.6345.3351.0360.9371.6361.1314.1336.2362.6400.0410.2411.1414.9413.2410.8405.5406.8409.4405.9411.3410.6411.0417.2418.9411.2419.7424.2418.1423.1419.3426.7428.4434.3441.6

Residentialbuildings1

Total2

24.323.023.125.227.9

30.530.228.628.734.237.235.948.560.765.156.051.668.392.0

109.8116.4100.499.284.7

125.5153.8158.5187.1194.7198.1196.6182.9157.8187.8210.5238.9236.6242.5240.5237.8234.2232.5231.1231.3234.5237.7238.0239.9243.1242.5238.6245.9248.0247.5246.9244.9246.0246.4244.6247.6

Newhousing

units

19.217.317.119.421.7

24.123.821.821.526.729.227.138.750.154.643.436.350.872.285.689.369.669.457.094.6

113.8114.7133.2139.9138.9139.2128.0110.6129.6144.1167.9162.9169.2167.4163.8159.9157.6155.9158.3161.8164.3165.8166.4168.1169.2166.9173.8179.3178.2177.7175.6176.5176.2175.6176.3

Nonresidential buildings and otherconstruction '

Total

15.115.916.217.217.6

24.429.733.333.135.239.942.144.248.456.361.157.859.965.479.999.8

109.9125.1131.6122.6144.9165.1158.2156.3162.8175.1178.2156.2148.4152.1161.1173.6168.6174.4175.4176.6173.0175.7178.1171.4173.7172.6171.1174.1176.4172.7173.8176.2170.6176.2174.4180.7182.0189.7194.1

Com-mer-cial3

3.94.24.75.15.0

7.99.49.49.3

10.412.513.015.318.821.721.717.217.019.724.734.041.748.753.953.471.688.184.083.286.489.285.862.253.257.964.474.770.773.176.273.773.375.577.874.875.074.675.376.976.876.775.877.875.880.478.983.982.786.588.9

Indus-trial

2.12.92.82.82.9

5.07.29.38.48.59.69.37.86.79.0

11.511.710.511.316.222.020.525.426.119.520.924.121.021.223.228.833.631.429.026.528.932.330.132.232.134.333.632.733.131.832.431.432.032.032.530.830.630.327.328.828.827.129.733.030.9

Other4

9.08.98.79.29.7

11.513.114.615.416.317.819.821.122.925.627.928.932.434.539.043.747.751.051.649.852.452.953.252.053.257.158.862.666.267.767.866.667.869.167.168.666.167.567.364.866.266.663.865.267.165.267.468.267.567.066.769.769.670.274.2

Public construction

Total

16.115.917.117.919.4

20.221.923.825.427.427.827.929.730.032.338.143.344.043.150.156.663.664.763.163.570.277.884.690.694.798.2

107.5110.1115.8120.2127.1136.9131.6130.6134.7138.5136.1138.3135.6136.4139.1139.4138.7138.5140.1133.3137.3140.4140.4140.0140.0138.0143.9146.7150.3

Federal

3.73.63.93.94.0

3.73.93.83.33.23.23.13.84.24.75.16.16.87.18.18.69.6

10.410.010.611.212.012.414.112.312.212.112.814.414.414.415.715.915.816.415.616.115.415.416.216.713.715.915.415.716.315.214.715.015.014.513.514.616.214.8

State andlocal5

12.312.213.314.015.4

16.518.020.022.124.224.624.825.925.827.633.037.237.236.042.048.154.054.353.152.959.065.872.276.682.586.095.497.3

101.5105.7112.7121.1115.7114.9118.3122.9120.0123.0120.2120.3122.4125.7122.8123.1124.4117.1122.0125.7125.4125.0125.5124.5129.3130.5135.6

1 Beginning 1960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidential buildings and otherconstruction.2 Includes residential improvements, not shown separately. Prior to 1964, also includes nonhousekeeping units (hotels, motels, etc.).3 Office buildings, warehouses, stores, restaurants, garages, etc., and, beginning 1964, hotels and motels; prior to 1964 hotels and motelsare included in total residential.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities (telecommuni-cations, gas, electric, railroad, and petroleum pipelines), and all other private.

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

360


TABLE B-54.—New bousing units started and authorized, 1959-96[Thousands of units]

Year or month

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996*>

1995:JanFebMarAprMayJuneJulyAugSept . .OctNovDec

1996 JanFebMarApr .MayJuneJulyAugSeptOctNovDec**

New housing units started

Private and public l

Total(farm andnonfarm)

1,553.71,296.11,365.01,492.51,634.91,561.01,509.71,195.81,321.91,545.41,499.51,469.02.084.52,378.52,057.51,352.51,171.41,547.62,001.72,036.11,760.01,312.61,100.31,072.11,712.51,755.81,745.01,807.11,622.7

))

(

Nonfarm

1,531.31,274.01,336.81,468.71,614.81,534.01,487.51,172.81,298.81,521.41,482.3

(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3

(3

(3

(3

(3

(3

(3

(3

(3

(3

(3

(3

(3

(3

(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)

Private (farm and nonfarm) '

Total

1,517.01,252.21,313.01,462.91,603.21,528.81,472.81,164.91.291.61.507.61,466.81,433.62,052.22,356.62,045.31,337.71,160.41,537.51,987.12,020.31,745.11,292.21,084.21,062.21,703.01.749.51,741.81,805.41,620.51,488.11,376.11,192.71,013.91,199.71.287.61,457.01.354.11,473.7

Type of structure

1 unit

1,234.0994.7974.3991.4

1.012.4970.5963.7778.6843.9899.4810.6812.9

1,151.01,309.21,132.0

888.1892.2

1.162.41,450.91,433.31,194.1

852.2705.4662.6

1,067.61,084.21,072.41,179.41.146.41,081.31,003.3

894.8840.4

1,029.91,125.71,198.41,076.21.160.2

2 to 4units

28:253314759<

108.486.661.171.680.985.084.8

120.3141.3118368.164.085.9

121.7125.0122.0109591.180.0

113.5121.493.484.065.358.855.237.535.630.729.435.033.744.7

5 unitsor more

?.9f.5J.7.5

).7450.0422.5325.1376.1527.3571.2535.9780.9906.2795.0381.6204.3289.2414.4462.0429.0330.5287.7319.6522.0544.0576.1542.0408.7348.0317.6260.4137.9139.0132.6223.5244.1268.8

New private housing units authorized2

Total

1,208.3998.0

1,064.21,186.61,334.71,285.81,239.8

971.91,141.01,353.41,323.71,351.51,924.62,218.91,819.51,074.4

939.21,296.21,690.01,800.51,551.81,190.6

985.51,000.51,605.21,681.81,733.31,769.41,534.81,455.61,338.41,110.8

948.81,094.91,199.11,371.61,332.51,430.9

Type of structure

1 unit

938.3746.1722.8716.2750.2720.1709.9563.2650.6694.7625.9646.8906.1

1,033.1882.1643.8675.5893.6

1,126.11,182.6

981.5710.4564.3546.4901.5922.4956.6

1,077.61,024.4

993.8931.7793.9753.5910.7986.5

1,068.5997.3

1,073.1

2 to 4units

77.164.667.687.1

118.9100.884.861.073.084.385.288.1

132.9148.6117.064.363.993.1

121.3130.6125.4114.5101.888.3

133.6142.6120.1108.489.375.767.054.343.145.852.362.263.765.9

5 unitsor more

192.9187.4273.8383.3465.6464.9445.1347.7417.5574.4612.7616.7885.7

1,037.2820.5366.2199.8309.5442.7487.3444.8365.7319.4365.8570.1616.8656.6583.5421.1386.1339.8262.6152.1138.4160.2241.0271.5291.8

Seasonally adjusted annual rates

1,3701,3221,2411,2781.300U011,4501,4011,4011,3511,4581,4251,4531,5141,4391,5111.4781,4901.4701,5331,4611,3851,514U29

1,0621,051

9921.0171,0051,0361,1251,1351,1301,1091.1291.1501.1461.1831,1631,2091,1441.2091.1501.2391.1381.0881.1611,024

384435253635392839313229203325534946433844556140

270227214236259230286238232211297246287298251249285235277256279242292265

1,2951,2641,2211,2451,2581,2901,3581,3791,4271,3931,4501.4871,3781,4171,4231,4591,4521,4151,4571,4231,3991,3621,4181,410

992927904913946970

1,0171,0461,0791,0501,0731,1231,0561,0871,0971,1151,0981,0851,0731,0781,0401,0111,0251,016

625465616264626269687160656061756262686073696764

241283252271250256279271279275306304257270265269292268316285286282326330

1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department of Hous-ing and Urban Development "turnkey" program are classified as private housing. Military housing starts, including those financed with mort-gages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded from total privatestarts.2 Authorized by issuance of local building permit.- in 19,000 permit-issuing places beginning 1994; in 17,000 places for 1984-93; in 16,000places for 1978-83; in 14,000 places for 1972-77-, in 13.000 places for 1967-71. in 12.000 places for 1963-66; and in 10,000 places priorto 1963.3 Not available separately beginning January 1970.

4 Series discontinued December 1988.Source: Department of Commerce, Bureau of the Census.

361


TABLE B-55.—Manufacturing and trade sales and inventories, 1954-96

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

Year or month

1954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951995:Jan


1996JanFebMarAprMayJuneJulyAugSeptOct"Nov»

Total manufacturing andtrade

Sales1

46,44351,69454,06355,87954,20159,72960,82761,15965,66268,99573,68280,28387,18790,82098,685105,690108,221116,895131,081153,677177,912182,198204,150229,513260,320297,701327,233355,822347,625369,2864101244221583430419457>35497 157527,039545,909542,815567 176595,240637 561679,700670,780670,696671,939670,826676,690681,343677,107685,051686,522685,638690,263695,490690,692699,208700,253709,541715,130711,760719,176717,532722,691725,787729,830

Inven-tories2

73,17579,51687,30489,05287,05592,09794,71995,580101,049105,463111,504120,929136,824145,681156,611170,400178,594188,991203,227234,406287,144288,992318,345350,706400,931452,640508,924545,786573,908590,287649 780664,039662 738709',846767 226815,486840,428834,281842 137874,515931 7029891839942,318948,860957,242965,376969,908973,914977,485981,703985,988991,142993,148989,839995,352996,008994,010998,430996,984997,322

1,002,4041,005,4351,006,4301,011,2611,011,955

Ratio3

1.601.471.551.591.611.541.561.561.541.531.511.511.571.601.591.611.651.621.551.531.611.591.561.531.541.521.561.531.671.561531.561 551.501491.521.521.531 481.451411.431.401.411.421.441.431.431.441.431.441.451.441.421.441.421.421.411.391.401.391.401.391.391.39

Manufac-turing

Sales1

23,35526,48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544,87046,48650.22953,50152,80555,90663,02772.93184,79086,58998,797113,201126.905143,936154,391168129163,351172.5471906821941538194657206̂ 326224619236,698242,686239,847250394260,635278 652297̂ 44294,398294,205295,537293,156295,251296,877293,901299,808300,754299,824300,755301,284298,685301,763300.646308.003311,203308,851312.400312,847315.160315,510318,280

Inven-tories2

41,61245,06950,64251,87150,20352,91353.78654,87158.17260.02963.41068,20777,98684.64690,56098.145101,599102.567108.121124.499157.625159.708174.636188.378211,691242,157265,215283413311852312,379339516334,749322654338.107369 378391.243405.105390.944382480390.721406 207432,344410,341413,574416,681419,978422,807424.293426.722427,245429.959431.303431,652432,344434,724435,615435,413435,441434,220433,868434,446435.687436,700438,134439.889

Ratio3

1.811.621.731.801.841.751.741.771.741.711.701.661.741.821.801.831.921.831.721.711.861.841.771.661.671.681.721691.951.781 731.731681.591581.631.651.651 541.491431.431.391.411.411.431.431.431.451.431.431.441.441.441.461.441.451.411.401.401.391.391.391.391.38

Merchantwholesalers

Sales1

8,9939,89310,51310,47510,25711,49111,65611,98812,67413,38214,52915,61116,98719,57621,01222,81824.16726,49229,86638,11547,98246.63450,69856,13666,41379,05193,099101 18095,21199.2251121991131459114960122̂ 68134521143|760149,506148,306154.150161,681172973187!387183.285185,456183,828185,298186,946188,359187,591188,162189,171189,589191,349194,901192,878194.053195,379197,507198,258198,543202,057200,086201,404202,790204,578

Inven-tories2

10,63711,67813,26012.73012.73913.87914,12014.48814,93616,04817,00018,31720,76525,78627,16629,80033,35436,56840,29746,91858,66757,77464.62273,17986,93499,679122,631129,654127,428130,075142452147,409153 5741631903178801187I009195,550200,062207,663215,878234 893254̂ 16237,628239,785243,169245,596246,823249,252251,179252,078253,245254,563254,686254,616256,258255,569256,444259,592258,834259,262259,100258,822256,959257,770258,015

Ratio3

1.181.131.191.231.241.211.211.211.181.201.171.171.221.321.291.311.381.381.351.231.221.241.271.301.311.261.321.281.361.281 231.281321.291301.281.291.331.321.311301.321.301.291.321.331.321.321.341.341.341.341.331.311.331.321.311.311.311.311.281.291.281.271.26

Retailtrade

Sales1

14,09515,32115,81116,66716,69617,95118,29418,24919,63020,55621,82323,67725,33024,75727,44529,37131,24934,49738,18942,63145,14148,97554,65560,17667,00274,71379,7438651489,06297,514107 243114,586120803128>4J138017146,581153,718154,661162,632172,924185 936195,068193,097191,035192,574192,372194,493196,107195,615197,081196,597196,225198,159199,305199,129203,392204,228204,031205,669204,366204,719204,599206,127207,487206,972

Inven-tories2

20,92622,76923,40224,45124,11325,30526,81326,22127,94129,38631,09434,40538,07335,24938,88542,45543,64149,85654,80962,98970,85271,51079,08789,149102,306110,804121,078132719134,628147,833167812181,881186510207,836219047237,234239,773243,275251 994267,916290 602302,879294,349295,501297,392299,802300,278300,369299,584302,380302,784305,276306,810302,879304,370304,824302,153303,397303,930304,192308,858310,926312,771315,357314,051

Ratio3

1.511.431.471.441.441.411.471.441.421.431.421.451.501.421.421.451.401.451.441.481.571.461.451.481.531.481.521 531.491.441491.521 561.551 541.581.551.541 521.511 501.541.521.551.541.561.541.531.531.531.541.561.551.521.531.501.481.491.481.491.511.521.521.521.52

1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Inventories beginning January 1982 for manufacturing and December 1980 for wholesale and retail

trade are not comparable with earlier periods.3 Inventory/sales ratio. Annual data are: beginning 1982, averages of monthly ratios; for 1958-81, ratio of December inventories to monthly

average sales for the year; and for earlier years, weighted averages. Monthly data are ratio of inventories at end of month to sales formonth.

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

Source: Department of Commerce, Bureau of the Census.

362


TABLE B-56.—Manufacturers' shipments and inventories, 1954-96[Millions of dollars; monthly data seasonally adjusted]

Year or month

1954195519561957195819591960196119621963196419651966 .1967196819691970197119721973197419751976 -.19771978197919801981198219831984198519861987198819891990199119921993199419951995Jan



juiyAugSept .Oct/>Nov

Shipments1

Total

23,35526,48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544,87046,48650,22953,50152,80555,90663,02772,93184,79086,58998,797113,201126,905143,936154,391168,129163,351172,547190,682194,538194,657206,326224,619236,698242,686239,847250,394260,635278,652297,244294,398294,205295,537293,156295,251296,877

293,901299,808300,754299,824300,755301,284298,685301,763300,646308,003311,203308,851312,400312,847315,160315,510318,280

Durablegoodsindus-tries

11,82814,07114,71515,23713,55315,597

15,87015,60117,24718,25519,61122,19324,61725,23327,62429,40328,15629,92433,98739,63544,17343,59850,62359,16867,73175,92777,41983,72779,21285,48197,940101,279103,238108,128118,458123,158123,776121,000128,489135,886148,916159,215158,022157,154158,816156,190157,307158,768156,108160,625162,281160,706161,360161,976159,125161,918160,377164,615167,487166,902167,774168,471170,705168,824170,846

Nondur-ablegoodsindus-tries

11,52712,40913.02513,49913,69514,68915.00815.32116.11116,80317,72018,80220,25321,25322,60524,09824,64925,98229,04033,29640,61742,99148,17454,03359,17468,00976,97284,40284,13987,06692,74293,25991,41998,198106,161113,540118,910118,847121,905124,749129,736138.029136,376137,051136,721136,966137,944138,109137,793139,183138,473139,118139,395139,308139,560139,845140,269143,388143,716141,949144,626144,376144,455146,686147,434

Inventories2

Total

41,61245,06950,64251,87150,20352,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145101,599102,567108,121124,499157,625159,708174,636188,378211,691242,157265,215283,413311,852312,379339,516334,749322,654338,107369,378391,243405,105390,944382,480390,721406,207432.344410,341413,574416,681419,978422,807424,293426,722427,245429,959431,303431,652432,344434,724435,615435,413435,441434,220433,868434,446435,687436,700438,134439,889

Durable goods industries

Total

23,71026,40530,44731,72830,19432,01232,33732,49634,56535,77638,42142,18949,85254,89658,73264,59866,65166,13670,06781,192101,493102.590111.988120,877138,181160,734174,788186,443200.444199.854221.330218,193211.997220,778242.450257,513263,213250,006238,096243,476254,798270.356257.042258.570260,259262,231263,922264,343266,482266,987268,267269,971270,389270,356272,657273.400273,535273,870273,857273.649274,807275.926276.347277.328278.368

Mate-rialsand

supplies

7,8949,19410.41710.6089.97010,70910.30610,24610.79411.05311.94613.29815.46416.42317.34418,63619,14919,67920.80725.94435.07033.90337.45740.18645,19852.67055.17357.99859.13660,32566,03163,90461.33163.54669,59072.41873,54170.81169,38372,87278,27883.25178.28679,19979,45580,29180,77681,14581.87982.47282,54683,76283.61483,25183,99884.36484,27284,28583,81082.81783,56783.25083.37382,58582.580

Workin

proc-ess

9,72110.75612,31712,83712,40813,08612,80913,21114,12414,83516,15818,05521,90824,93327.21330,28229.74528,55030.71335,49042,53043,22746,07450,22658,84869,32576,94580,99886,70786,89998,25198,16297,000102.392112,961122,273124,154114,981104,549105,793108,478115,154110,767110,927111,190112,018112,883112,254113,294113,345113,907114,032114,820115,154115,988116,269116,828117,388117,640118,206118,383118,867118,830120,156121,285

Finishedgoods

6,0406,3487,5658.1257,8168,2179.2229,0399,6479,88810.31710,83612,48013,54014,17515,68017,75717,90718.54719,75823,89325,46028,45730,46534,13538,73942,67047.44754,60152,63057,04856,12753,66654,84059.89962,82265,51864,21464,16464,81168,04271,95167,98968,44469,61469.92270.26370,944

71,30971,17071,81472,17771,95571,95172,67172,76772,43572.19772,40772,62672,85773,80974,14474,58774.503

Nondurable goods industries

Total

17.90218,66420,19520.14320.00920,90121,44922,37523,60724,25324,98926,01828,13429,75031,82833,547

34,94836,43138,05443,30756,13257,11862,64867,50173,51081,42390,42796,970111,408112,525118,186116,556110,657117,329126,928133,730141,892140,938144,384147,245151,409161.988153.299155,004156.422157,747158.885159,950160,240160,258161,692161,332161,263161,988162,067162,215161,878161.571160,363160,219159,639159,761160,353160,806161,521

Mate-rialsand

supplies

8,1678.5568,9718,7758,6769,0949,0979,5059,83610,00910,16710.48711.19711.76012,32812,75313,16813,68614,67718,14723,74423,56525,84727,38729,61932,814

36,60638,16544,03944,81645,69244,10642,33545,32649,40450,68352,65153,00753,98355,50457,97562,04158,55659,22260,48160,87661,33861,91861,96862.05762,36762,04362,28562,04162,15062,11661,52361,38460.78860,372

60,24660,12860,22460,56760,493

Workin

proc-ess

2,4402,5712.7212,8642,8272,9422,9473,1083,3043,4203,5313,8254,2264,4314,8525,1205,2715,6785,9986,7298,1898,8349.92910,96112,08513,91015,88416,19418,61218,69119,32819,44218,12419,27420,56321,65822.81922,80523,51023,83624,64225,65524,81625,03625,03025.08425,32725,47525,59425.55425,72225,62325.61025,65525,89925,86725,82725,90925,90025,92825.81426,10025,98026,09726,249

Finishedgoods

7,4157,6668,6228,6248,5068,8659.4059.76210.46710.82411.29111.70612,71113,55914,64815.674

16,50917.06717,37918,43124,19924,71926,87229,15331,80634,69937,93742,61148,75749,01853.16653,00850,19852,72956,96161,38966,42265,12666,89167,90568,79274,29269,92770,74670,91171,78772,22072,55772,67872,64773,60373,66673.36874.29274.01874,23274,52874,27873,67573,919

73,57973,53374,14974,14274,779

1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Data beginning 1982 are not comparable with data for prior periods.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.

363


TABLE B-57.—Manufacturers' new and unfilled orders, 1954-96

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

Year or month

19541955195619571958195919601961 ...196219631964196519661967 . .. .19681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951995-. Jan


1996- JanFebMarAprMayJuneJulyAugSeptOct/>Nov

Neworders1

Total

22,33527,46528,36827,55927,19330,71130,23231,11233,44035,51138,24042,13746,42047,06750,65753,99052,02255,92164,18276,00387,32785,13999,513115,109131,629147,604156,359168,025162,140175,451192,879195,706195,204209,389228,270239,572244,507238,805248,212257,698279,560298,092297,252296,723296,210291,333295,891294,233293,595298,670302,744301,467302,155306,155307,151302,648305,091307,001314,194312,139317,304310,575318,515321,887320,490

Durable goodsindustries

Total

10,76814,99615,36514,11113,38715,97915,28815,75317,36318,67120,50723,28626,16325,80328,05129,87627,34029,90535,03842,62746,86241,95751,30761,03572,27879,48379,39283,65478,06488,140100,164102,356103,647110,809122,076126,055125,583119,849126,308133,081149,505160,214

160,467159,332159,598154,156157,854156,300155,476160,400165,364162,792162,492167,520167,355163,146165,519163,472170,287169,994

172,402166,267173,811174,900172,319

Capitalgoods

industries,non-

defense

6,3147,0466,0726,6827,7459,92611,5949,88611,49013,68117,58821,154

21,13521,80619,21319,62423,66924,54523,98226,09431,10832,98833,33130,47131,52531,69335,84741,30239,54939,75340,24438,14341,41240,24637,97639,53244,88041,31044,27947,58646,16344,55546,61340,48744,97942,921

45,93541,17247,51547,48243,917

Non-durablegoods

industries

11,56612,46913,00313.44813,80514,73214,94415,35916,07816,84017,73218,85120,25821,26522,60624,11424,68226,01629,14433,37640,46543,18148,20654,07359,35168,12176,96784,37184,07787,31192,71593,35191,55798,579106,194113,516118,924118,957121,905124,617130.055137,877

136,785137,391136,612137,177138,037137,933138,119138,270137,380138,675139,663138,635139,796139,502139,572143,529143,907142,145

144,902144,308144,704146,987148,171

Unfilledorders2

Total

48,26660,00467.37553,18346,60951,717

44,21346,62447,79853,41764,51878,24996,846103,711108,377114,341105,008105,247119,349156,561187,043169,546178,128202,024259,169303,593327,416326,547311,887347,273373,529387.196393,515430,468474,192508,853531,115519,143493,104458,161469,450480,128472,304474,822475,495473,672474,312471,668471,362470,224472,214473,857475,257480,128488,594498,479493,924492,922495,913499,201504.105501,833505,188511,565513,775

Durablegoods

industries

45,25056.24163,88050,35243,80748,36941,65043,58245,17050,34661,31574.45993,00299,735104,393110,161100,412100,225113,034149.204181,519161,664169,857193,323248,281291,321315,202314,707300,798333,114359,651372,097376,699408.732452,192487,104509,106495,735469,542436,286443,610456.048446,055448.233449,015446,981447,528445,060444,428444,203447,286449,372450,504456,048

464,278465,506470,648469,505472,305475.397

480,025477,821480,927487,003488,476

Non-durablegoods

industries

3,0163,7633,4952,8312,8023,3482,5633,0422,6283,0713.2033,7903,8443,9763,9844,1804,5965,0226,3157,3575,5247,8828,2718.70110,88812,27212,21411,84011.08914,15913,87815,09916,81621,73622,00021,74922,00923,40823,56221.87525.84024,08026,24926,58926,48026,69126,78426.60826,93426,02124,92824,48524,75324,08024,31623,97323,27623,41723,60823,804

24,08024,01224,26124,56225,299

Unfilled orders — shipmentsratio3

Total

3.423.633.873.353.022.942.712.582.642.742.993.253.743.663.793.713.613.323.263.804.093.693.243.243.573.893.853.873.843.533.603.673.593.643.643.964.154.083.513.152.962.842.912.932.912.922.892.842.892.822.822.852.832.842.952.912.952.912.892.912.942.912.912.972.94

Durablegoods

industries

4.124.274.554.003.623.473.293.083.183.313.593.864.484.374.584.454.364.003.854.514.934.453.883.854.204.624.584.684.744.294.374.474.414.434.464.865.155.074.303.803.563.433.503.533.513.533.493.443.503.413.413.443.423.433.573.523.573.513.473.513.543.513.503.563.51

Non-durablegoodsindus-tries

0.961.121.04.85.85.92.71.78.68.72.71.79.75.73.69.69.76.76.86.91.62.82.74.71.81.82.75.69.62.69.64.68.70.83.76.77.76.79.75.71.76.67.75.76.75.75.74.73.75.71.69.68.69.67.68.67.65.65.66.66.67.67.68.69.70

1 Annual data are averages of monthly not seasonally adjusted figures.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 sea-sonally adjusted data for December.

Note.—Data beginning 1958 are not strictly comparable with earlier data.Source-. Department of Commerce, Bureau of the Census.

364


PRICES

TABLE B-58.—Consumer price indexes for major expenditure classes, 1954-96[For all urban consumers; 1982-84=100]

I

Year ormonth

19541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995Jan


1996JanFebMarAprMayJuneJulyAugSeptOctNovDec

All items(CPI-U)

26926.827.228.128.929 129.629.930230.631.031 532.433.434.836.738.840.541.844.449.353.856960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.01307136.2140.3144.5148.2152.4156.9150.3150.9151.4151.9152.2152.5152.5152.9153.2153.7153.6153.5154.4154.9155.7156.3156.6156.7157.0157.3157.8158.3158.6158.6

Food andbeverases

Total1

35.036.238.140.141.443.148.855.560.262165'.872.279.986.793.597.399.5

103.2105.6109.1113.5118.2124.9132 1136.8138.7141.6144.9148.9153.7147.9147.8147.9148.9148.7148.4148.6148.9149.4149.8149.8150.3151.4151.3152.1152.7152.5153.1153.6154.2155.0155.8156.2156.6

Food

28227.828.028.930.229730.030.430631.131532233834.135.337.139.240.442.148.255.159.861665.572.079.986.893.697.499.4

103.210S.6109.0113.5118.2125.1132413€.3137.9140.9144.3148.4153.3147.5147.4147.4148.4143.3147.9148.1148.4144.9149.4149.4149.9151.0150.8151.6152.3152.0152.6153.2153.7154.6155.4155.9156.3

Housing

Total

" Id's32.034.036.438.039.441.245.850.753857.462.470.181.190.496.999.5

103.6107.7110.9114.2118.5123.01285133.6137.5141.2144.8148.5152.8146.4147.0147.4147.4147.6148.5149.2149.6149.5149.7149.4149.7150.6151.2151.7151.8152.0152.7153.6154.0153.9154.0153.9154.0

Shelter

22522723124.024524725.225425826.126527027828.830.132.635.537.038.740.544.448.851 554.96G.568.981.090.596.999.1

104.0109.8115.8121.3127.1132.81400146.3151.2155.7160.5165.7171.0162.9163.8164.5164.7164.8165.5166.4166.8166.8167.31673167.4168.6169.4170.1170.1170.1170.7171.9172.3172.0172.5172.41723

Fuel andother

utilities

22623023.624.324.825426.026.326326.626.626626.727.127.428.029.131.132.534.340.745.449454.758.564.875.486.494.9

100.2104.8106.5104.1103.0104.4107.81116115.3117.8121.3122.8123.7127.5122.9122.6122.3122.1122.5125.0125.1125.7124.9123.9123.1123.7124.7125.0125.2125.4126.7128.4129.0129.4129.8128.7128.4129.4

House-hold

furnish-ingsand

oper-ation

42.043.645.246.848.649.751.156.863.467370.474.779.986.393.098.0

100.2101.9103.8105.2107.1109.4111.2113.3116.0118.0119.3121.0123.0124.7121.8122.4122.6122.6122.7122.5123.0123.4123.8123.9123.6123.8124.1124.3124.6124.8124.4124.5124.7124.8125.1125.0124.8125.0

Appareland

upkeep

43142943.744.544645.045.746.146346!947.347849051.053.756.859.261.162.364.669.472.575278.681.484.990.995.397.8

100.2102.1105.0105.9110.6115.4118.61241128.7131.9133.7133.4132.0131.7129.4131.1134.4134.8133.4130.5128.3130.1132.7134.5133.7130.6130.0131.2134.8134.9133.7130.8128.3128.1131.5133.4133.4130.3

Trans-por-ta-tion

26125826.227.728629.829.830.130830.931.431932.333.334.335.737.539.539.941.245.850.155159.061.770.583.193.297.099.3

103.7106.4102.3105.4108.7114.11205123.8126.5130.4134.3139.1143.0137.3137.5138.0139.1140.3141.1140.1139.2138.8139.4139.4139.1139.9140.4141.2143.1144.4144.0143.5142.8143.2143.9144.8145.2

Medicalcare

17818218919.720621.522.322923524.124625226328.229.931.934.036.137.338.842447.552057.061.867.574.982.992.5

100.6106.8113.5122.0130.1138.6149.31628177.0190.1201.4211.0220.5228.2216.6217.9218.4218.9219.3219.8220.8221.6222.1222.9223.5223.8225.2226.2226.6227.0227.4227.8228.7229.2229.4230.1230.5230.6

Enter-tainment

40.743.045.247.550.051.552.956962.065168.371.976.783.690.196.0

100.1103.8107.9111.6115.3120.3126.51324138.4142.3145.8150.1153.9159.1152.1152.5152.6153.3153.6153.2153.6154.1154.9155.2156.0156.2157.0158.3158.4158.6158.8159.0159.0159.2159.8160.1160.7160.8

Othergoodsand

services

35.136.938.740.942.944.746.449853.957060'.464.368.975.282.691.1

101.1107.9114.5121.4128.5137.0147.71590171.6183.3192.9198.5206.9215.4203.0204.1204.0204.3204.9205.3205.7207.7210.2210.7211.2211.1212.0212.6213.0213.3214.1214.0214.6216.3218.3218.8219.2218.7

Ener-gy2

21.521 521.922.422522622.62252 2 923323.824.224.825.526.527.229.438.142.145149.452.565.786.097.799.299.9

100.9101.688.288.689.394.3

102.1102.5103.0104.2104.6105.2110.1104.2103.7103.2103.9106.3109.3108.1107.4106.2104.5102.8103.3105.0104.9106.1110.0112.9113.1112.5111.6111.7110.5111.1112.2

1 Includes alcoholic beverages, not shown separately.2 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs.Source: Department of Labor, Bureau of Labor Statistics.

365


TABLE B—59-—Consumer price indexes for selected expenditure classes, 1954—96

[For all urban consumers; 1982-84=100, except as noted]

Year ormonth

195419551956195719581959I960196119621963196419651966196719681969197019711972 . ..1973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995: Jan

FebMarAprMay ....June ....JulyAugSept ....OctNovDec

1996: JanFebMar ....Apr ....May ...June ...July ....Aug ....Sept ....OctNovDec

Food and beverages

Total1

35.036.238.140.141.443.148.855.560.262.165.872.279.986.793.597.399.5

103.2105.6109.1113.5118.2124.9132.1136.8138.7141.6144.9148.9153.7147.9147.8147.9148.9148.7148.4148.6148.9149.4149.8149.8150.3151.4151.3152.1152.7152.5153.1153.6154.2155.0155.8156.2156.6

Food

Total

28.227.828.028.930.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.159.861.665.572.079.986.893.697.499.4

103.2105.6109.0113.5118.2125.1132.4136.3137.9140.9144.3148.4153.3147.5147.4147.4148.4148.3147.9148.1148.4148.9149.4149.4149.9151.0150.8151.6152.3152.0152.6153.2153.7154.6155.4155.9156.3

Athome

30.129.529.630.632.031.231.531.832.032.432.733.535.235.136.338.039.940.942.749.757.161.863.166.873.881.888.494.898.199.1

102.8104.3107.3111.9116.6124.2132.3135.8136.8140.1144.1148.8154.3148.2147.9147.6149.2148.7148.1148.2148.4149.2149.7149.5150.3151.9151.4152.5153.3152.6153.4154.1154.8155.9156.8157.2157.7

Awayfromhome

21.922.122.623.424.124.825.426.026.727.327.828.429.731.332.934.937.539.441.044.249.854.558.262.668.375.983.490.995.8

100.0104.2108.3112.5117.0121.8127.4133.4137.9140.7143.2145.7149.0152.7147.4147.6148.1148.3148.6148.8149.1149.4149.6150.0150.2150.4150.6150.9151.2151.6152.0152.3152.8153.1153.5154.2154.7155.0

Shelter

Total

22.522723.124.024.524.725.225.425.826.126.527.027.828.830.132.635.537.038.740.544.448.851.554.960.568.981.090.596.999.1

104.0109.8115.8121.3127.1132.8140.0146.3151.2155.7160.5165.7171.0162.9163.8164.5164.7164.8165.5166.4166.8166.8167.3167.3167.4168.6169.4170.1170.1170.1170.7171.9172.3172.0172.5172.4172.3

Renters' costs

Total2

103.0108.6115.4121.9128.1133.6138.9146.7155.6160.9165.0169.4174.3180.2170.7172.9174.6174.1173.7174.7176.7176.9175.1175.3173.8173.2176.6178.8180.4179.7178.9180.0183.0183.4180.9181.3179.9179.1

resi-dential

35.135.636.337.037.638.238.739.239.740.140.540.941.542.243.344746.548.750.452555.258061.164.869.374.380.987994.6

100.1105.3111.8118.3123.1127.8132.8138.4143.3146.9150.3154.0157.8162.0156.1156.4156.7157.0157.2157.5157.9158.2158.5158.9159.3159.6160.0160.4160.6160.9161.2161.7162.2162.5162.9163.3163.7164.0

Home-owners'costs2

••"•••

102.5107.3113.1119.4124.8131.1137.3144.6150.2155.3160.2165.5171.0176.5168.4168.9169.2169.6170.0170.6171.2171.6172.4173.0173.5174.0174.3174.6175.0175.3175.6176.0176.6177.0177.5178.1178.6178.8

Mainte-nanceand

repairs

20.921.422.323.223.624.024.424.825.025.325.826.327.528.930.633.235.838.640.643.649.554.157.662.067.274.082.490.796.499.9

103.7106.5107.9111.8114.7118.0122.2126.3128.6130.6130.8135.0139.0133.1133.8134.2134.2134.6135.0135.1135.4135.4136.3136.2136.6136.3137.0137.5138.0138.8138.8139.4139.7139.9140.2141.1141.5

Fuel and other utilities

Total

22.623.023.624.324.825.426.026.326.326.626.626.626.727.127.428.029.131.132.534.340.745.449.454.758.564.875.486.494.9

100.2104.8106.5104.1103.0104.4107.8111.6115.3117.8121.3122.8123.7127.5122.9122.6122.3122.1122.5125.0125.1125.7124.9123.9123.1123.7124.7125.0125.2125.4126.7128.4129.0129.4129.8128.7128.4129.4

Fuels

Total

•••"•""

"2l'.421.722.123.124.725.727.534.439.443.349.053.061.374.887.295.6

100.5104.0104.599.297.398.0

100.9104.5106.7108.1111.2111.7111.5115.2110.7110.4109.8109.3109.8113.8113.7114.6113.4111.5110.1110.9112.2112.5111.9112.9114.0116.5117.4117.9118.4116.2115.7117.1

Fuel oiland

otherhouse-

holdfuel

com-modities

12.612.713.314.013.713913.814.114.214.414.414.615.015.516.016.317.018.218.321.133.236.438.843.946.262.486.1

104.6103.497.299.495.977.677.978.181.799.394.690.790.388.888.199.289.489.689.088.488.387.987.186.686.686.987.789.697.697.799.3

102.199.694.692.392.295.6

102.9105.9110.3

Gas(piped)

andelec-tricity

(energyserv-ices)

20.220.720.921.121.922423.323.523.523.523.523.523.623.723.924.325.427.128.529.934.540.144.750.555.061.071.481.993.2

101.5105.4107.1105.7103.8104.6107.5109.3112.6114.8118.5119.2119.2122.1118.0117.6117.1116.6117.2121.9121.9123.0121.6119.3117.6118.3118.7119.1118.2118.9120.6124.1125.6126.1126.2122.7121.7122.8

Otherutilities

andpublic

services

"••"••"••••

46.647.148.450.053.456.257.860.763.967.770.873.774.377.084.393.399.5

107.2112.1117.9120.1122.9127.1131.7137.9142.5147.0150.2152.8157.2152.1151.8151.9152.2152.3152.7153.0153.1153.2153.5153.6153.9154.4154.9156.4155.4156.9157.6157.5158.0158.3158.6158.9159.1

1 Includes alcoholic beverages, not shown separately.2 December 1982=100.See next page for continuation of table.

366


TABLE B-59.—Consumer price indexes for selected expenditure classes, 1954-96—Continued

[For all urban consumers; 1982-84=100, except as noted]

Year or month

19541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995-. Jan

FebMarAprMayJuneJu lyAugSeptOctNovDec

1996: JanFebMarAprMaxJuneJulyAugSeptOctNovDec

Transportation

Total

26.125.826.227.728.629.829.830.130.830.931.431.932.333.334.335.737.539.539.941.245.850.155.159.061.770.583.193.297.099.3

103.7106.4102.3105.41087114.1120.5123.8126.5130.4134.3139.1143.0137.3137.5138.0139.1140.3141.1140.1139.2138.8139.4139.4139.1139.9140.4141.2143.1144.4144.0143.5142.8143.2143.9144.8145.2

Private transportation

Total3

27.126.727.128.629.530.830.630.831.431.632.032.532.933.834.836.037.539.439.741.046.250.655.659.762.571.784.293.897.199.3

103.61062101.2104.2107.6112.9118.8121.9124.6127.5131.4136.3140.0134.9135.0135.21362137.5137.9136.9136.3135.9136.31365136.6137.4137.5138.3140.3141.7141.0140.5139.5140.0140.51415141.7

Newcars

46.544.846.148.550.052.251.551.551.351.050.949.748.849.350.751.553.055.254.754.857.962.966.970.475.881.888.493.797.499.9

102.8106.1110.6114.6116.9119.2121.0125.3128.4131.5136.0139.0141.4139.0139.11390139.3139.3139.1138.3137.9137.8138.6140.1140.7141.1141.3141.5141.3141.2141.3141.0140.7141.0141.5142.3143.0

Usedcars

22.721.520.723.224.026.825.026.028.428.730.029.829.029.9

30.931.233.033.135236.743.850.354.755.860262.376.988.898.7

112.5113.7108.8113.1118.0120.4117.6118.1123.2133.9141.7156.5157.0152.4153.3154.8156.7157.7158.3157.5157.0156.5157.2157.81582157.9157.5157.3157.4157.61572156.9156.6157.0157.0156.5155.6

Motorfuel4

21.822.122.823.823.423.724.424.124.324224.125.125.626.426.827.627.928.128.431.242.245.147.049.751.870.197.4

108.5102.899.497.998.777.180280.988.5

101299.499.098.098.5

100.0106.398.798.097.599.5

104.2106.1103.6101.199.898.396.496.498.698.2

101.4108.6113.6111.2108.9106.4106.2105.9107.8108.6

Auto-mobilemainte-nanceand

repair

22.723.224.225.025.426.026.527.127.527.828.228.729.230.432.134.136.639.341.143.247.653.757.661.967.073.781.589.296.0

100.3103.8106.8110.3114.8119.7124.9130.1136.0141.3145.9150.2154.0158.4152.0152.5152.71532153.8153.6154.0154.5155.1155.4155.7155.7156.2156.6156.9157.2157.5157.7158.1158.6160.0160.5160.5160.6

Other

•"••"•••"

37"939.241.645.248.648.948.450.253.561.867269.975.284.391.497.798.8

103.5109.0115.1120.8127.9135.8142.5149.1153.2156.8162.1170.6173.9168.8169.4170.2170.9170.5169.9169.6170.3170.1172.0172.7172.4172.7173.2172.5173.0173.1173.1173.5174.1174.1175.4176.2176.0

Publictranspor-

tation

18.018.519219.920.921.522.223.224.024.324.725.226.127.428.730.935.237.839.339.740.643.547.850.051.554.969.085.694.999.5

105.7110.5117.0121.1123.3129.5142.6148.9151.4167.0172.0175.9181.9168.4169.9174.5176.6176.7182.5181.8177.1176.1178.7177.5170.7171.6177.4178.9179.3180.21822182.7181.4184.6187.2187.3189.9

Medical care

Total

17.818.218.919.720.621.522.322.923.524.124.625.226.328.229.931.934.036.137.338.842.447.552.057.061.867.574.982.992.5

100.6106.8113.5122.0130.1138.6149.3162.8177.0190.1201.4211.0220.52282216.6217.9218.4218.9219.3219.8220.8221.6222.1222.9223.5223.8225.2226.2226.6227.0227.4227.8228.7229.2229.4230.1230.5230.6

Medicalcarecom-

modities

42.042.543.444.646.146.846.946.345.645.245.145.045.144.945.045.446.547.347.447.549.253.356.560264.469.075.483.792.3

100.2107.5115.2122.8131.0139.9150.8163.4176.8188.1195.0200.7204.5210.4203.1203.5203.7203.6203.4203.8204.4204.7204.8205.7206.3206.6207.7208.5208.9209.6209.7210.5211.0211.1211.2212.4211.9212.0

Medicalcare

services

15.315.716.317.017.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461267.274.882.892.6

100.7106.7113.2121.9130.0138.3148.9162.7177.1190.5202.9213.42242232.4219.8221.3221.8222.4223.0223.5224.6225.6226.1226.9227.4227.8229.3230.3230.7231.1231.6231.9232.9233.4233.6234.2234.9235.0

3 Includes other new vehicles, not shown separately. Includes direct pricing of new trucks and motorcycles beginning 1982.4 Includes direct pricing of diesel fuel and gasohol beginning 1981.Note.—See Note, Table B-58.Source. Department of Labor. Bureau of Labor Statistics.

367


TABLE B-60.—Consumer price indexes for commodities, services, and special groups, 1954-96

[For all urban consumers; 1982-84=100. except as noted]

Year or month

19541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995:Jan



All items(CPMJ)

26.926.827.228.128.929.129.629.930.230.631.031.532.433.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9150.3150.9151.4151.9152.2152.5152.5152.9153.2153.7153.6153.5154.4154.9155.7156.3156.6156.7157.0157.3157.8158.3158.6158.6

Commodities

Allcom-

modities

31.631.331.632.633.333.333.633.834.134.434.835.236.136.838.139.941.743.244.547.853.558.260.764.268.876.686.093.297.099.8

103.2105.4104.4107.7111.5116.7122.8126.6129.1131.5133.8136.4139.9135.1135.4135.9136.6136.9136.6136.2136.3136.8137.2137.2137.0137.8138.0139.2140.2140.4139.9139.5139.5140.3141.0141.5141.4

Food

28.227.828.028.930.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.159.861.665.5/2.079.986.893.697.499.4

103.2105.6109.0113.5118.2125.1132.4136.3137.9140.9144.3148.4153.3147.5147.4147.4148.4148.3147.9148.1148.4148.9149.4149.4149.9151.0150.8151.6152.3152.0152.6153.2153.7154.6155.4155.9156.3

Com-modi-tieslessfood

33.833.633.934.935.335.836.036.136.336.636.937.237.738.640041.743.445.146.147.752.857.660.563.867.575.385.793.196.9

100.0103.1105.2101.7104.3107.7112.0117.4121.3124.2126.3127.9129.8132.6128.3128.8129.5130.1130.6130.4129.5129.7130.1130.5130.4129.9130.6131.0132.4133.5134.0133.0132.0131.7132.5133.2133.7133.3

Services

Allservices

20.020.420.921.822.623.324.124.525.025.526.026.627.628.830.332.435.037.038.440.143.848.052.056.060.867.577.988.196.099.4

104.6109.9115.4120.2125.7131.9139.2146.3152.0157.9163.1168.7174.1165.91667167.3167.5167.7168.6169.2169.8170.0170.4170.3170.4171.31722172.6172.7173.1173.9174.8175.3175.6175.8175.9176.1

Medi-calcareserv-ices

15.315.716.317.017.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461267.274.882.892.6

100.7106.7113.2121.9130.0138.3148.9162.7177.1190.5202.9213.4224.2232.4

219.8221.3221.8222.4223.0223.5224.6225.6226.1226.9227.4227.8

229.3230.3230.7231.1231.6231.9232.9233.4233.6234.2234.9235.0

Servicesless

medicalcare

services

22.823.624.225.025.425.926.326.827.428.329.330.832.935.637.538.940.644.348.352.255.960.767.578.288796.499.2

104.4109.6114.6119.1124.31301136.8143.3148.4153.6158.4163.5168.7160.9161.6162.2162.4162.6163.5164.1164.6164.7165.1165.0165.0165.9166.8167.2167.3167.7168.5169.4169.9170.2170.4170.4170.6

Special indexes

Allitemslessfood

26.626.627128.028.629.229.730.030.330.731.131.632.333.434.936.839.040.842.043.748.052.556.059.663.971.281.590.496.399.7

104.0108.0109.8113.6118.3123.7130.3136.1140.8145.1149.0153.1157.5150.8151.5152.1152.5152.9153.3153.4153.7154.0154.4154.4154.2155.0155.7156.5157.0157.4157.5157.7157.9158.4158.8159.0159.0

Allitemsless

energy

28.929.729.930.430.731.131.532.032.533.534.435.938.040.342.043.446.150.655.158.261.966.773.481.990.196.199.6

104.3108.4112.6117.2122.3128.1134.7140.9145.4150.0154.1158.7163.1156.5157.2157.8158.3158.3158.3158.5159.0159.5160.2160.3160.2161.0161.6162.3162.5162.5162.7163.1163.4164.0164.7164.9164.8

Allitemslessfoodand

energy

28.929.630.230.631.031.431.832.332.733.534.736.338.440.842.744.045.649.453.957.461.065.571.980.889.295.899.6

104.6109.1113.5118.2123.4129.0135.5142.1147.3152.2156.5161.2165.6158.7159.6160.4160.7160.8160.9161.1161.6162.1162.8163.0162.7163.4164.2164.9165.0165.1165.2165.5165.8166.4167.0167.2167.0

Allitemsless

medi-cal

care

28.729.529.830.230.530.831.131.532.033.033.735.137.039.240.842.144.849.854.357.260.865.472.982.891.496.899.6

103.7107.2108.8112.6117.0122.4128.8133.8137.5141.2144.7148.6152.8146.6147.1147.6148.1148.4148.7148.7149.0149.4149.8149.7149.6150.4150.9151.7152.3152.6152.7153.0153.2153.8154.2154.5154.5

CPI-U-X1(all items)(Dec. 1982

=97.6)'

29.229.129.630.531.431.632.232.532.833.333.734.235.236.337.739.441.343.144.447.251.956.259.463.267.574.082.390.195.699.6

103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9150.3150.9151.4151.9152.2152.5152.5152.9153.2153.7153.6153.5154.4154.9155.7156.3156.6156.7157.0157.3157.8158.3158.6158.6

1CPMJ-X1 is a rental equivalence approach to homeowners' costs for the consumer price index for years prior to 1983, the first year forwhich the official index (CPI-U) incorporates such a measure. CPMJ-X1 is rebased to the December 1982 value of the CPMJ (1982-84=100); thus it is identical with CPI-U data for December 1982 and all subsequent periods. Data prior to 1967 estimated by moving theseries at the same rate as the CPI-U for each year.

Note.—See Note. Table B-58.Source: Department of Labor. Bureau of Labor Statistics.

368


TABLE B-61.—Changes in special consumer price indexes, 1958-96

[For ail urban consumers; percent change]

Year or month

195819591960196119621963196419651966196719681969 ..1970 .. .1971197219731974197519761977197819791980198119821983198419851986198719881989199019911992 .1993199419951996

1995:JanFebMarApr .MayJuneJuly _..AugSept'LZI."OctNovDec

1996: JanFebMarAprMayJuneJulyAug ::::::::::::SeptOctNovDec

All items(CPMJ)

Dec.to

Dec.1

1.81.71.4.7

1.31.61.01.93.53.04.76.25.63.33.48.7

12.36.94.96.79.0

13.312.58.93.83.83.93.81.14.44.44.66.13.12.92.72.72.53.3

Yearto

year

2.8.7

1.71.01.01.31.31.62.93.14.25.55.74.43.26.2

11.09.15.86.57.6

1U13.510.3623.24.33.61.93.64.1485.44.23.03.02.62.83.0

All items lessfood

Dec.to

Dec.'

1.82.11.01.31.01.61.01.63.53.35.05.66.63.02.95.6

12.27.36.16.48.3

14.013.09.84.14.13.94.1

4!64.24.56.33.3322.72.62.73.1

Yearto

year

2.12.11.71.01.01.31.31.62.23.44.55.46.04.62.94.09.89.46.76.47.2

11.414.510.96.53.54.33.81.73.54.14.65.34.53.53.12.72.82.9

All items lessenergy

Dec.to

Dec.1

2.11.31.3.7

1.31.91.31.93.43.24.96.55.43.43.58.2

11.76.64.86.79.1

11.111.78.54.24.54.44.03.84.14.74.65.23.93.03.12.62.92.9

Yearto

year

2.8.7

1.71.01.31.31.61.63.12.74.45.86.14.23.36.29.88.95.66.47.8

10.011.610.06.73.64.73.93.94.14.44.75.24.63.23.22.73.02.8

All items less foodand energy

Dec.to

Dec.1

1.72.01.01.31.31.61.21.53.33.85.16.26.63.13.04.7

11.16.76.16.58.5

11.312.29.54.54.84.74.33.84.24.74.45.24.43.33.22.63.02.6

Yearto

year

2.42.01.31.31.31.31.61.22.43.64.65.86.34.73.03.68.39.16.56.37.49.8

12.410.4

7.44.05.04.34.04.14.44.55.04.93.73.32.83.02.7

All items lessmedical care

Dec.to

Dec.1

1.71.41.3.3

1.31.61.01.93.42.74.76.15.23.23.49.1

12.26.74.56.79.1

13.412.58.83.63.63.93.5

.74.34.24.55.92.72.72.62.52.53.3

Yearto

year

2.81.01.31.01.01.01.31.63.12.14.25.45.94.13.26.4

11.29.05.36.37.6

11.513.610.45.92.94.13.41.53.53.94.65.23.92.82.72.52.72.8

Percent change from preceding period

Unad-justed

0.4.4.3

.2

.20.3

.3-.1

.6

is.4.2.1.2

3

.20

Sea-sonally

ad-justed

0.3

J

.3

.1

.13.1

.4

.2

.4

.43.1.3.1

33

Unad-justed

0.4

A3

3.1.2

30

.5

.5

3•1.1

3

.10

Sea-sonally

ad-justed

0.3

3

3

.1

!l.3.1

.5

A.4.3

0.2.1

".3.3.3

Unad-justed

0.5.4.4.3

00

.1

.3

A

-.1.5.4.4.1

0

.2

AA.1

-.1

Sea-sonally

ad-justed

0.3

3

'.23.2

'.3.3.1.1.3.2.3.2.2.2.3.1

3.2.1

Unad-justed

0.5.6.5

'.I

.1

3A.1

.4

.5

.4

.1

.1

.1

.2

.2

.4

.4

.1-.1

Sea-sonally

ad-justed

0.3

A.3

'.2.2.2

3.1.1.3.2.3.1.2

.3

'.32.2.1

Unad-justed

0.4

'.3

22

0

'.3

-.1-.1

.5

.3

.5

.4

.2

.1

.2

!4.3

o'

Sea-sonally

ad-justed

0.2.2.3

!3.2

'.I

3

2A2AA.3

.3

.1

.3

!3

1 Changes from December to December are based on unadjusted indexes.Note.—See Note. Table &-58.Source: Department of Labor, Bureau of Labor Statistics.

369


TABLE B-62.—Changes in consumer price indexes for commodities and services, 1929-96[For all urban consumers,- percent change]

Year

1929

1933

1939

19401941194219431944 „

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981 "...198219831984

19851986198719881989

1990199119921993 . .1994 „

19951996

All items(CPI-U)

Dec.to

Dec.1

0.6

.8

0

.79.99.03.02.3

2.218.18.83.0

-2.1

5.96.0.8.7

-.7

.43.02.91.81.7

1.4

L31.61.0

1.93.53.04.76.2

5.63.33.48.7

12.3

6.94.96.79.0

13.3

12.58.93.83.83.9

3.81.14.44.44.6

6.13.12.92.72.7

2.53.3

Yearto

year

0

-5.1

-1.4

.75.0

10.96.11.7

2.38.3

14.48.1

-1.2

1.37.91.9.8

-.41.53.32.8

1.71.01.01.31.3

1.62.93.14.25.5

5.74.43.26.2

11.0

9.15.86.57.6

11.3

13.510.36.23.24.3

3.61.93.64.14.8

5.44.23.03.02.6

2.83.0

Commodities

Total

Dec.to

Dec.1

-0.7

1.413.312.94.22.0

2.924.810.31.7

-4.1

7.85.9

-!3-1.6

2!62.81.2.6

1.20

.91.5.9

1.42.52.54.05.4

3.92.83.4

10.412.8

6.23.36.18.8

13.0

11.06.03.62.92.7

2.5-2.0

4.63.84.1

6.61.22.01.52.3

1.43.2

Yearto

year

-2.0

.76.7

14.59.31.0

3.010.620.5

7.2-2.7

.79.01.3-.3

-.91.03.22.10

i

!91.2

1.12.61.93.54.7

4.53.63.07.4

11.9

8.84.35.87.2

11.3

12.38.44.12.93.4

2.1

3^23.54.7

5.23.12.01.91.7

1.92.6

Food

Dec.to

Dec.1

2.5

69

-2.5

2.515.717.93.00

3.531.311.3

-Js9.87.1

-1.0-1.1-1.8

?92.82.4

-1.0

3.1-.71.32.01.3

3.54.01.24.47.0

2.34.34.6

20.312.0

6.6

1111.810.2

10.24.33.12.73.8

2.63.83.55.25.6

5.31.91.52.92.9

2.14.3

Yearto

year

1.2

-28

-2.5

1.79.2

17.611.0-1.2

2.414.521.78.3

-4.2

1.611.01.8

-1.4

-1.4.7

3.24.5

-1.7

1.01.3.7

1.61.3

2.25.0

.93.55.1

5.73.14.2

14.514.3

8.53.06.39.9

11.0

8.67.84.12.13.8

2.33.24.14.15.8

5.82.91.22.22.4

2.83.3

Services

Total

Dec.to

Dec.1

0

.82.42.32.32.2

.73.65.65.93.7

3.65.24.44.22.0

2.03.44.22.73.9

2.52.11.62.41.6

2.74.84.35.87.7

8.14.13.46.2

11.4

8.27.28.09.3

13.6

14.213.04.34.85.4

5.14.54.34.85.1

5.74.63.63.82.9

3.53.3

Yearto

year

0

.8

.83.12.32.2

1.51.44.36.15.1

3.05.34.54.33.1

2.02.54.33.73.1

3.41.72.02.02.0

2.33.84.35.26.9

8.05.73.84.49.2

9.68.37.78.6

11.0

15.413.19.03.55.2

5.15.04.24.64.9

5.55.13.93.93.3

3.43.2

Medical care

Dec.to

Dec.1

1.2

01.23.55.63.2

3.19.06.46.91.6

4.05.35.83.42.6

3.23.84.84.64.9

3.73.52.92.82.3

3.68.38.07.17.3

8.15.43.76.0

13.2

10.310.89.09.3

10.5

10.112.611.26.25.8

6.87.95.66.98.6

9.98.07.05.95.4

4.43.2

Yearto

year

1.2

003.54.54.3

3.15.18.77.13.3

2.44.76.73.53.4

2.63.84.35.34.5

4.33.63.52.92.3

3.25.38.87.38.2

7.07.43.54.5

10.4

12.610.19.98.59.8

11.310.711.88.76.0

6.17.76.66.47.7

9.38.97.66.55.2

5.13.7

Medicalcare2

Dec.to

Dec.1

1.0

01.03.84.62.6

2.68.36.95.81.4

3.45.84.33.52.3

3.33.24.74.53.8

3.23.12.22.52.1

2.86.76.36.26.2

7.44.63.35.3

12.6

9.810.08.98.8

10.1

9.912.511.06.46.1

6.87.75.86.98.5

9.67.96.65.44.9

3.93.0

Yearto

year

0

1.002.94.73.6

2.65.08.06.72.8

2.05.35.03.62.9

2.23.84.24.64.4

3.72.72.62.62.1

2.44.47.26.06.7

6.66.23.34.09.3

12.09.59.68.49.2

11.010.711.68.86.2

6.37.56.66.57.7

9.08.77.45.94.8

4.53.5

Energy'

Dec.to

Dec.1

..........

4.7

1.3-1.3

2.2-.90

1.81.71.71.72.9

4.83.12.6

17.021.6

11.47.17.27.9

37.5

18.011.91.3

'.2

1.8-19.7

8.2.5

5.1

18.1-7.4

2.0-1.4

2.2

-1.38.6

Yearto

year

if1.9

2.3.4.4

0-.4

1.81.72.11.72.5

2.83.92.68.1

29.6

10.57.19.56.3

25.1

30.913.6

1.5.7

1.0

.7-13.2

.5

.85.6

8.3.4

L2.4

.64.7

1 Changes from December to December are based on unadjusted indexes.2 Commodities and services.3 Household fuels—gas (piped), electricity, fuel oil, etc.-̂ and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—See Note. Table B-58.


370


TABLE B-63.—Producer price indexes by stage of processing, 1954-96

[1982=100]

Year or month

19541955195619571958195919601961196219631964196519661967 „19681969 .. . _1970 ..197119721973197419751976 ...19771978197919801981 . . .19821983 _198419851986198719881989199019911992 _ .199319941995 . . .19961995- Jan

FebMar .ADTMay ""June ~ .JulvAug ::~r"T"r:"ir*~Septoct ""7" ;..;;_;;;:;;;NovDec

1996- JanFeb „Mar „ .....AorMay " ""juiS.'i " .::...:::..„July _...Aug 1

SeptOct ." " "'NovDec

Finished goods

Totalfinishedgoods

30.430.531.332.533.233.133.433.433.533.433.534.135.235.636.638.039.340.541.845.652.658.260.864.769.877.688.096.1

100.0101.6103.7104.7103.2105.4108.0113.6119.2121.7123.2124.7125.5127.9131.3126.6126.9127.1127.6128.1128.2128.2128.1127.9128.7128.7129.1129.4129.4130.1130.6131.1131.7131.5131.9131.6132.5132.5132.7

Consumer foods

Total

34.233.433334.436.534.835.535.435.735.335.436.839238.540.042.443.844.546.956364.469.869.673379.987.392.497.8

100.0101.0105.4104.61073109.5112.6118.7124.412411233125.7126.8129.0133.5127.9128.4128.7128.7128.0127.41283128.8130.1129.9131.1131.0130.7130.7132.0131.2131.5133.6133.91353135.6136.4135.9135.5

Crude

37.539.139.138.541.037339.838.038.437.838.939.041.539.642.545.946.045.848.063.671.671.776.779.585.892393.9

104.4100.0102.4111.4102.9105.6107.1109.8119.6123.01193107.6114.41113118.8128.9120.1117.2118.6130.8122.7111.0110.2108.2123.3113.0126.2124.2125.0121.9145.3131.71173128.8123.7121.5127.4135.7135.1133.8

Proc-essed

34.032.732.734.136.134.735.235.335.635.235.236.839.238.840.042.343.944.747.255.863.970.369.072.779.486.892.397.2

100.0100.9104.9104.8107.4109.6112.7118.6124.4124.4124.4126.5127.9129.8133.8128.5129.2129.4128.5128.4128.6129.8130.3130.6131.1131.4131.5131.1131.3131.0131.11323133.9134.6136.3136.1136.4135.9135.5

Finished goods excluding consumer foods

Total

"35.035.936.938.239.640.442.048.854.758.162.266.774.686.795.6

100.0101.8103.2104.6101.9104.0106.5111.8117.4120.9123.1124.4125.1127.5130.5126.2126.4126.6127.2128.01283128.0127.8127.2128.3127.9128.4129.0128.9129.5130.4130.9131.0130.8130.9130.3131.3131.4131.8

Consumer goods

Total

31.131.332.132.932.933.333.533.433.433.433.333.634.134.735.536.337.438.739.441.248.253.256.560.664.973.587.196.1

100.0101.2102.2103398.5

100.7103.1108.91153118.7120.8121.7121.6124.0127.6122.4122.6122.9123.6124.7125.1124.7124.4123.9124.5123.9124.6125.41253126.1127.4128.2128.3128.0128.1127.8128.6128.7129.2

Durable

39.840.241.642.843.443.943.843.643.443.143.343.243.444.145.145.947.248.950.050.955.561.063.767.473.680.891.096.4

100.0102.8104.5106.5108.9111.5113.8117.6120.4123.9125.7128.0130.9132.7134.2132.6132.7132.4132.4132.3132.0132.1131.9130.0134.1134.7134.7134.21343134.3134.0134.2134.4133.8133.7132.4135.1135.1135.0

Non-durable

26.726.827.327.927.828.228.428.428.428.528.428.829.330.030.631.532.533.534.136.144.048.952.456.860.069.385.195.8

100.0100.5101.1101.793.394.997.3

103.8111.5115.0117.3117.6116.2118.8123.2116.7116.9117.3118.4120.1120.8120.1119.8119.9119.0117.8118.9120.1119.9121.2123.1124.1124.2124.0124.2124.2124.2124.5125.1

Capitalequipment

26.727.429.531.332.132.732.832.933.033.133.433.834.635.837.038.340.141.742.844.250.558.262.166.171377.585.894.6

100.0102.8105.2107.5109.7111.7114.3118.8122.9126.7129.1131.4134.1136.7138.3135.9136.1136.2136.4136.5136.4136.6136.6135.7138.0138.3138.1138.3138.4138.3138.3138.2138.2138.1138.2137.2138.6138.7138.8

Totalfinished

consumergoods

31.731.532.032.933.633.333.633.633.733.533.634.235.435.636.537.939.140.241.546.053.158.260.464.369.477.588.696.6

100.0101.3103.3103.8101.4103.6106.2112.1118.2120.5121.7123.0123.3125.6129.5124.2124.5124.7125.2125.9126.0126.0125.9125.9126.3126.2126.7127.1127.0128.0128.7129.3130.0129.9130.4130.2131.0131.0131.2

1 Data have been revised through August 1996 to reflect the availability of late reports and corrections by respondents. All data are sub-ject to revision 4 months after original publication.


371


TABLE B—63.—Producer price indexes by stage of processing, 1954-96—Continued

[1982=100]

Year or month

1954195519561957195819591960 . .19611962196319641965 . ...1966196719681969197019711972197319741975197619771978197919801981 .. . .1982198319841985 .. . .19861987198819891990 . . .1991199219931994199519961995. Jan

FebMarApr«?»:::::June

JSrf :-NovDec

1996: JanFebMarApr£, :..:..Junea.-sef ..:..:NovDec

Intermediate materials, supplies, and components

Total

27.928.429.630.330.430.830.830.630.630.730.831232.032.233.034.135.436.838.242.452.558.060.964.969.578.4

90.398.6

100.0100.6103.1102.799.1

101.5107.1112.0114.5114.4114.7116.2118.5124.9125.7122.5123.4124.0124.7125.3125.8126.0126.0125.9125.4125.1125.1

125.2124.7124.9125.4126.2126.2125.9126.1126.5126.0125.9126.1

Foodsand

feeds2

41.841.542.945.646.749.570.383.681.677.479.684.894.5

105.5104.6100.0103.6105.7

97.396.299.2

109.5113.8113.3111.1110.7112.7114.8114.8128.4111.8111.8112.6111.7110.7111.6113.6114.8115.9118.7121.2123.0

123.0123.0123.4125.3130.3131.2131.9132.7133.8130.7127.7127.6

Other

27.228.029.330.130.130.530.730.330.230.130.330.731.331.732.533.634.836.237.740.650.556.660.064.168.677.489.498.2

100.0100.5103.0103.0

99.3101.7106.9111.9114.5114.6114.9116.4118.7125.5125.6123.0124.0124.5125.4126.0126.6126.6126.6126.4125.8125.3125.2125.4124.8125.0125.4126.0125.9125.6125.7126.1125.8125.8126.1

Materials andcomponents

Formanufac-

turing

29.830.532.032.732.833.333.332.932.732.733.133.634.334.535.336.538.038.940.444.156.061.764.067.472080.991.798.7

100.0101.2104.1103.3102.2105.3113.2118.1118.7118.1117.9118.9122.1130.4128.6128.1129.3129.9130.7130.9131.0131.3131.3131.2130.9130.5130.0

129.5129.0128.6128.3128.8128.8128.3128.3128.61283128.3128.5

Forconstruc-

tion

29.130.331.832.032.032.932.732.232.132.232.532.833.634.035.737.7

38.340.843.046.555.060.164.169.376.584.291.397.9

100.0102.8105.6107.3108.1109.8116.1121.3122.9124.5126.5132.0136.6142.1143.5140.5141.0141.7142.2142.2142.0142.6142.9143.1142.7142.3142.1

141.9142.0142.2142.5143.5144.0143.7144.1144.7144.2144.8144.8

Proc-essedfuelsand

lubri-cants

15.815.816.317.216.216.216.616.816.716.616.216.516.816.916.516.617.719.520.122.233.639.442.347.749.961.685.0

100.6100.095.495.792.872.773.371.276.485.985.384.584.783.184.289.982.382.582.783.585.487.486.386.085.383.482.383.2

85.284.085.889.391.491.391.191.993.092.291.692.5

Con-tainers

28.528.931.032.433.233.033.433.233.633.232.933.534.535.035.937.239.040.842.745.253.360.063.165.971.079.489.196.7

100.0100.4105.9109.0110.3114.5120.1125.4127.7128.1127.7126.4129.7148.8141.2139.9144.6145.9146.9149.0151.4152.0152.0151.7151.3151.1150.4

148.2146.1144.6143.0141.6140.1139.6138.4138.4137.9138.2138.3

Supplies

31.731.232.032.333.133.533.333.734.535.034.735.036.536.837.137.839.740.842.551.756.861.865.869.372.980.289.996.9

100.0101.8104.1104.4105.6107.7113.7118.1119.4121.4122.71250127.0132.1135.9129.5130.0130.6131.2131.4131.9132.4132.7133.1133.6134.3134.7

135.3135.3135.4135.7136.2136.1136.4136.4136.7135.9135.5135.5

Crude materials for further processing

Total

31.630.430.631.231.931.130.430.230.529.929.631.133.131.331.833.935.236.039.954561.461.663.465.573.485.995.3

103.0100.0101.3103.5

95.887.793.796.0

103.1108.9101.2100.4102.4101.8102.7113.5101.5102.6102.3103.6102.8103.4102.1100.5102.5101.7103.8106.0

108.81 1 1 . 1110.0114.4115.9113.3115.6116.0113.0111.3113.6118.9

Food-stuffs

andfeed-stuffs

42.338.437.639.241.638.838.437.938.637.536.639.242.740.340.944.145.246.151.572.676.477.476.877.587.3

100.0104.6103.9100.0101.8104.7

94.893.296.2

106.1111.2113.1105.5105.1108.4106.5105.8121.5102.2104.1103.2101.8

99.6102.1104.6104.8108.8109.6114.2114.7

114.7115.0116.2119.6127.7129.0130.9129.5124.7119.4117.9113.7

Other

Total

. . . . . . . . . .

21.622.523.824.727.034.344.143.748.251.757.569.684.6

101.8100.0100.7102.2

96.981.687.985.593.4

101.594.693.594.794.896.8

104.097.297.797.8

100.7100.9100.1

96.693.894.592.893.296.4

100.8104.4102.0106.7103.8

98.7101.2102.8101.1101.9106.6118.0

Fuel

8.98.99.5

10.110.210.4

10.510.510.410.510.510.610.911.311.512.013.815.716.818.624.830.634.542.048.257.369.484.8

100.0105.1105.1102.7

92.284.182.185.384.882.984.087.182.472.191.377.172.371.071.972.674.172.966.567.469.772.577.6

86.197.188.293.990.182.389.290.281.679.495.1

121.9

Other

26.127.528.628.227.128.126.927.227.126.727.227.728.326.527.128.4

29.129.432.342.954.550.054.956.361.975.591.8

109.8100.0

98.8101.0

94.376.088.585.995.8

107.397.594.294.197.0

105.8105.7103.6107.0107.9111.8111.6109.7105.1104.4104.9101.1100.1102.0

103.9102.8104.4108.3106.1102.9102.6104.6107.0109.4107.5109.2

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

372


TABLE B-64.—Producer price indexes by stage of processing, special groups, 1974-96

[1982=100]

Year or month

197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995Jan


1996JanFebMarAprMayJuneJulyAug 2

SeptOctNovDec

Finishedgoods

Total

52.658260.864.769877.688.0961

100.0101.6103.7104.71032105.4108.0113.61192121.7123.2124.7125.5127.9131.3126.6126.9127.1127.6128.1128.2128.2128.1127.9128.7128.7129.1

129.4129.4130.1130.6131.1131.7131.5131.9131.6132.5132.5132.7

Foods

64.469869.673.379987.392.4978

100.0101.0105.4104.61073109.5112.6118.71244124.1123.3125.7126.8129.0133.5127.9128.4128.7128.7128.0127.4128.5128.8130.1129.9131.1131.0

130.7130.7132.0131.2131.5133.6133.9135.3135.6136.4135.9135.5

Energy

26.230734J39.742357.185.2

1015100.095.291.287.663061.859.865.775078.177.878.077.078.1S3.176.676.676.878.280.481.479.979.479.077.275.276.7

78.577.880.183.384.684.784.284.684.684.584.985.9

Excluding foods andenergy

TntallOiai

53.659763.166.971978.387.1946

100.0103.0105.5108.11106113.3117.0122.11266131.1134.2135.8137.1140.0142.0138.7139.0139.2139.4139.7139.7139.9139.8139.1141.3141.6141.7

141.8141.9141.8141.7142.0142.0141.9141.9141.1142.5142.5142.6

Capitalequip-ment

50.558262.166.171377.585.8946

100.0102.8105.2107.51097111.7114.3118.81229126.7129.1131.4134.1136.7138.3135.9136.1136.2136.4136.5136.4136.6136.6135.7138.0138.3138.1

138.3138.4138.3138.3138.2138.2138.1138.2137.2138.6138.7138.8

Con-sumergoods

exclud-

fdodsand

energy

55.560663.767.372278.887.8946

100.01031105.7108.4111 1114.2118.5124.01288133.7137.3138.5139.0141.9144.3140.5140.8141.1141.3141.7141.7142.0141.9141.3143.4143.7143.9

143.9144.1144.0143.8144.3144.4144.3144.2143.5144.9144.9144.9

Intermediate materials, supplies,and components

Total

52.558060.964.9695m90.3986

100.01006103.1102.7991

101.5107.1112.01145114.4114.7116.2118.5124.9125.7122.5123.4124.0124.7125.3125.8126.0126.0125.9125.4125.1125.1

125.2124.7124.9125.4126.2126.2125.9126.1126.5126.0125.9126.1

Foodsand

feeds1

83.681677.479.684894.5

105.51046100.0103.6105.797.396299.2

109.5113.81133111 1110.7112.7114.8114.8128.4111.8111.8112.6111.7110.7111.6113.6114.8115.9118.7121.2123.0

123.0123.0123.4125.3130.3131.2131.9132.7133.8130.7127.7127.6

Energy

33.138741.546.849161.184.9

1005100.095.395.592.672673.070.976.185585.184.384.683.084.189.782.282.482.683.585.287.386.285.985.283.382.283.1

85.083.885.789.191.291.190.991.792.891.991.492.1

Other

54.060263.867.672580.790.3977

100.0101.6104.7105.21049107.8115.2120.21209121.4122.0123.8127.1135.2134.0132.6133.8134.4135.2135.6135.7136.1136.1136.1135.8135.4135.1

134.8134.4134.1133.9134.1134.0133.6133.6133.9133.6133.8133.9

Crude materials for furtherprocessing

Total

61.461663.465.573485.995.3

1030100.0101.3103.595.887793.796.0

103.11089101.2100.4102.4101.8102.7113.5101.5102.6102.3103.6102.8103.4102.1100.5102.5101.7103.8106.0

108.8111.1110.0114.4115.9113.3115.6116.0113.0111.3113.6118.9

Food-stuffsand

feed-stuffs

76.477476.877.5873

100.0104.61039100.0101.8104.794.893296.2

106.1111.21131105.5105.1108.4106.5105.8121.5102.2104.1103.2101.899.6

102.1104.6104.8108.8109.6114.2114.7

114.7115.0116.2119.6127.7129.0130.9129.5124.7119.4117.9113.7

Energy

27.833335.340.445254.973.1977

100.098.798.093.371875.067.775.985980.478.876.772.169.484.469.869.669.172.072.471.568.265.667.466.968.372.5

78.182.780.687.383.377.681.883.881.582.789.1

103.8

Other

83.369380.279.8878

106.2113.1111 7100.0105.3111.7104.91031115.7133.0137.91363128.2128.4140.2156.2173.6155.8174.1177.0179.1181.4180.5180.6177.0174.0170.7165.5162.2161.4

162.1162.3159.2157.6158.1155.3152.4152.9153.1152.6151.6152.4

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1996 to reflect the availability of late reports and corrections by respondents. All data are sub-ject to revision 4 months after original publication.


373


TABLE B-65.—Producer price indexes for major commodity groups, 1954-96

[1982=100]

Year or month

19541955195619571958195919601961 .1962196319641965 . .196619671968 .19691970197119721973197419751976197719781979198019811982198319841985 . . . . . .198619871988198919901991199219931994199519961995- Jan

FebMarAprM :̂::::::::::::::.June . . .JulyAugsept".:..: :":"::::::OctNov . .Dec

1996-. JanFebMarAprMayJune :JulyAug2

SeptOct ".'"":.NovDec

Farm products and processedfoods and feeds

Total

38.536.636.437.739.437.637.737.738.137.737.539.041.640.241.143.444.945.849.263.971.374.073.675.983.092.398.3

101.1100.0102.0105.5100.7101.2103.7110.0115.4118.6116.4115.9118.4119.1120.5129.7118.0118.9119.2118.7117.5118.3119.9120.0122.1122.7125.2125.6125.5125.8126.7127.9131.2132.5133.2133.6132.4130.6129.3128.0

Farmproducts

43.240.540.041.142.940.240.139.740.439.639.040.743.741.342.345.045.846.651.672.777.477.078.879.487.799.6

102.91052100.0102.4105.595.192.995.5

104.9110.9112.2105.7103.6107.1106.3107.4122.3103.6104.9105.1104.8102.6104.2106.2105.1110.7110.2115.4116.5116.4116.6119.5121.7128.1129.6129.9128.6124.8119.8118.0114.7

Processedfoods and

feeds

35.433.833.834.836.535.635.636.236.536.836.738.040.239.840.642.744.645.548.058.968.072.670.874.080.688.595.998.9

100.0101.8105.4103.5105.4107.9112.7117.8121.9121.9122.1124.0125.5127.0133.4125.2125.9126.2125.6125.0125.3126.7127.5127.8128.9130.0130.2130.0130.3130.3130.9132.7134.0134.8136.1136.2135.9134.9134.6

Industrialcommodities

Total

27.227.829.129.930.030.530.530.430.430.330.530.931.532.032.833.935.236.537.840.349.254.958.462.567.075.788.097.4

100.0101.1103.3103.7100.0102.6106.3111.6115.8116.5117.4119.0120.7125.5127.2123.7124.4124.7125.6126.3126.6126.2126.0125.8125.7125.4125.8126.4126.3126.4127.3127.5127.1127.0127.3127.2127.4127.8128.9

Textileproducts

andapparel

48.248.248.248.347.448.148.647.848.248.248.548.848.948.950.751.852.453.355.560.568.067.472.475.378.182.589.797.6

100.0100.3102.7102.9103.2105.1109.2112.3115.0116.3117.8118.0118.3120.8122.4119.4119.9120.1120.4120.8120.8121.0121.1121.5121.6121.3121.3121.8121.9122.0122.0122.3122.3122.6122.5123.0122.9122.7122.8

Hides,skins,

leather,and

relatedproducts

29.529.431.231.231.635.934.634.935.334.334.435.939.438.139.341.542.043.450.054.555.256.563.968.376.196.194.799.3

100.0103.2109.0108.9113.0120.4131.4136.3141.7138.9140.4143.7148.5153.7150.3154.1155.2156.2156.1157.8155.0154.9153.2152.0150.6149.5149.5149.0149.3149.7148.4149.2149.2149.4150.3150.4152.0153.6153.7

Fuels andrelated

productsand

power1

13.213.213.614.313.713.713.914.014.013.913.513.814.114.414.314.615.316.617.119.430.135.438.343.646.558.982.8

100.2100.095.994.891.469.870.266.772.982.381.280.480.077.878.085.676.876.876.878.580.081.079.278.378.376.875.977.980.680.982.086.286.685.285.986.886.786.788.192.0

Chemicalsand alliedproducts1

33.833.733.934.634.934.834.834.533.933.533.633.934.034.234.134.235.035.635.637.650.262.064.065.968.076.089.098.4

100.0100.3102.9103.7102.6106.4116.3123.0123.6125.6125.9128.2132.1142.5142.1140.4141.8142.5144.1144.4143.8143.6142.9142.6141.8141.0140.7140.8140.9141.1141.4142.2142.2142.0142.5142.7142.9143.2143.6

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 1996 to reflect the availability of late reports and corrections by respondents. All data are sub-

ject to revision 4 months after original publication.See next page for continuation of table.

374


TABLE B-65.—Producer price indexes for major commodity groups, 1954-96—Continued

[1982=100]

Year or month

19541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 ...19831984198519861987198819891990 . . ..1991199219931994199519961995- Jan

Feb . ..MarAprMayJuneJulyAuesept":....::::::..:::::..::::OctNovDec

1996- JanFebMarAprMayJuneJulyAue2

sept ....:: :OctNovDec

Industrial commodities— Continued

Rubberand

plasticproducts

37.542.443.042.842.842.642.741.139.940.139.639.740.541.442.843.644.945.245.346.656.462.266.069.472.480.590.196.4

100.0100.8102.3101.9101.9103.0109.3112.6113.6115.1115.1116.0117.6124.3123.8122.1122.7123.4124.1124.7125.1125.2125.3

. 125.3125.1124.7124.3123.9123.7123.6123.4123.7123.8123.9124.2124.2123.9123.8123.6

Lumberand

woodproducts

32.534.134.632.832.534.733.532.032.232.833.533.735.235.139.844.039.944.750.762.264.562.172.283.096.9

105.5101.5102.8100.0107.9108.0106.6107.2112.8118.9126.7129.7132.1146.6174.0180.0178.1176.1179.6179.5180.6180.4179.7178.0178.2177.8178.9177.2174.2173.5172.9173.0172.8171.9175.8176.8175.0177.0180.1177.9180.5179.6

Pulp,paper,

andallied

products

29.630.432.433.033.433.734.033.033.433.133.033.334.234.635.036.037.538.139.342.352.559.062.164.667.775.986.394.8

100.0103.3110.3113.3116.1121.8130.4137.8141.2142.9145.2147.3152.5172.2168.6163.2165.9168.1170.6172.7174.5175.4175.6175.4175.4175.2174.7174.1173.2171.1169.2168.0167.5167.0166.6166.8166.8166.6166.9

Metalsand

metalproducts

25.527.229.630.230.030.630.630.530.230.331.132.032.833.234.036.038.739.440.944.057.061.565.069.375.386.095.099.6

100.0101.8104.8104.4103.2107.1118.7124.1122.9120.2119.2119.2124.8134.5131.0133.4134.6134.7135.2134.7134.8135.2135.5135.0134.1133.7133.4132.8131.8131.8132.0132.4131.9130.4130.0130.1129.6129.5130.0

Machineryand

equipment

26.327.229.331.432.132.833.033.033.033.133.333.734.735.937.038.240.041.442.343.750.057.961.365.270.376.786.094.4

100.0102.7105.1107.2108.8110.4113.2117.4120.7123.0123.4124.0125.1126.6126.5125.9126.2126.2126.4126.5126.5126.6126.5126.7127.0127.2127.0127.3127.3127.0126.6126.4126.2126.3126.4126.3126.2126.1126.1

Furnitureand

householddurables

44.945.146.347.547.948.047.847.547.246.947.146.847.448.349.750.751.953.153.855.761.867.570.373.277.582.890.795.9

100.0103.4105.7107.1108.2109.9113.1116.9119.2121.2122.2123.7126.1128.2130.3127.2127.5127.5127.8128.0128.1128.2128.4128.5128.9129.3129.3129.6129.9129.9130.0130.3130.2130.6130.5130.6130.8130.8130.5

Non-metallicmineralproducts

26.627.328.529.629.930.330.430.530.530.330.430.430.731.232.433.635.338.239.440.747.854.458.262.669.677.688.496.7

100.0101.6105.4108.6110.0110.0111.2112.6114.7117.2117.3120.0124.2129.0131.0126.9127.5128.2129.3129.4129.3129.3129.4129.6129.5129.8129.7130.0130.2130.2130.5130.8130.9131.2131.2131.7131.7132.1132.1

Transportationequipment

Total

::::::: :::::

40.441.944.245.546.150.356.760.564.669.575.382.994.3

100.0102.8105.2107.9110.5112.5114.3117.7121.5126.4130.4133.7137.2139.7141.7139.6139.6139.4139.3139.3139.0139.0138.9137.1141.1141.7141.7141.7141.7141.8141.6141.6141.7141.3141.4139.7142.5142.5142.5

Motorvehicles

andequip-ment

33.434.336.337.939.039.939.339.239.238.939.139.239.239.840.941.743.345.747.047.451.457.661.265.270.075.883.194.6

100.0102.2104.1106.4109.1111.7113.1116.2118.2122.1124.9128.0131.4133.0134.1133.4133.3133.1132.9132.7132.2132.2131.9129.1134.8135.5135.4134.5134.5134.5134.1134.1134.2133.5133.3131.0135.0135.0134.9

Miscel-laneousprod-ucts

31.331.331.732.633.333.433.633.733.934.234.434.735.336.237.038.139.840.841.543.348.153.455.659.466.775.593.696.1

100.0104.8107.0109.4111.6114.9120.2126.5134.2140.8145.3145.4141.9145.4147.7143.0143.6143.8144.3145.2145.3145.7146.6146.6147.0147.0146.9147.7146.6146.4146.4147.8147.8148.3148.1148.2148.1148.2148.4


375


TABLE B-66.—Changes in producer price indexes for finished goods, 1958-96[Percent change]

Year ormonth

19581959 . ...

1960196119621963 .. .19641965196619671968 . ..1969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

1990199119921993199419951996

1995Jan ....Feb ....Mar ...Apr ....May ...June ..

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

1996:Jan ....Feb ....Mar ...

&::June ..

July ...Aug2..Sept ..Oct....Nov ...Dec ...

Totalfinishedgoods

Dec. toDec.1

0.3

1.8-.6

.3-.3

.6332.0173.14.9

2.13.33.9

11.718.36.63.86.79.3

12.8

11.87.13.6

.61.71.8

-2.32.24.04.9

5.7

L6.2

232.8

Year toyear

2.2

.90

.3

183.21 12.83.8

3.43.13.29.1

15.410.64.56.47.9

11.2

13.49.24.11.62.11.0

-1.42.12.55.2

4.92.11.21.2

.61.92.7

Finishedconsumer

foods

Dec. toDec.1

0.6-3.7

5.3-1.9

.6-1.4

.6911.3-34.68.1

-2.35.87.9

22.712.85.6

-2.56.9

11.77.4

7.51.52.02.33.5

.62.8

I'J5.2

2.6-1.5

1.62.41.11.93.4

Year toyear

6.1-4.7

2.0

.S-1.1

406.5

-183.96.0

3.31.65.4

20.514.08.4

539.09.3

5.85.82.21.04.4-.82.62.12.85.4

4.8

-!e1.9.9

1.73.5

Finished goods excluding consumer foods

Total

Dec. toDec.1

2.53,3

4.32.02.36.6

21.17.26.26.88.3

14.8

13.48.74.201.12.2

-4.03.23.24.8

6.9.3

1.6-.41.92.32.6

Year toyear

2.62.8

3.53.72.04.0

16.212.16.27.17.2

11.8

16.210.34.61.81.41.4

-2.62.12.45.0

5.03.01.81.1

.61.92.4

Consumergoods

Dec. toDec.1

0.3.9

.3

o'0

.91.82.02.02.8

3.82.12.17.5

20.36.86.06.78.5

17.6

14.18.64.2-.9

.82.1

-6.64.13.15.3

8.7-.71.6

-1.42.02.33.7

Year toyear

01.2

.6-.300-.3

.91.51.82.32.3

3.03.51.84.6

17.010.46.27.37.1

13.3

18.510.34.11.21.01.1

-4.62.22.45.6

5.92.91.8.7

Jo2.9

Capitalequipment

Dec. toDec.1

1.2.9

o'!e.9

1.53.83.13.04.8

4.82.42.15.1

22.78.16.57.28.08.8

11.49.23.92.01.82.72.11.33.63.8

3.42.51.71.82.02.2

Year toyear

2.61.9

.3

3

!91.22.43.53.43.5

4.74.02.63.3

14.315.26.76.47.98.7

10.710.35.72.82.32.22.01.82.33.9

3.53.11.91.82.11.91.2

Finishedenergygoods

Dec.to

Dec.1

'""16311.612.08.5

58.1

27.914.1-.1

-9.2-4.2

-38.'l11.2-3.6

9.5

30.7-9.6

-t'.l3.51.1

12.0

Yearto

year

.._

11.715.76.5

35.0

49.219.1-1.5-4.8-4.2-3.9

-28.1-1.9-3.2

9.9

14.24.1-.4

-1.31.46.4

Finished goodsexcluding foods

and energy

Dec. toDec.1

17J6.05.76.28.49.4

10.87.74.91.92.02.72.72.14.34.2

3.53.12.0

.41.62.6

.6

Year toyear

iu11.45.76.07.58.9

11.28.65.73.02.42.52.32.43.34.4

3.73.62.41.21.02.11.4

Percent change from preceding month

Unad-justed

0.3

'.2.4.4.1

0-.1

~!60

o'!4.4.5

-.2.3

-.2

o'.2

Sea-son-

ally ad-justed

0.2.2.1.2.2

0

'.3

.6

.2-.1

.2

.2

-.1.4.2.4.4.5

Unad-justed

-0.5.4.2

0

-3.9

IX)-.2

.9

01.0-.6

.21.6

.21.0

,6-.4-.3

Sea-son-

ally ad-justed

-0.7

o'.2

-.5

.9

1.2-.11.1.1

-.4

~3-.5

L8

!s.3.8

-.1-.1

Unad-justed

0.6.2

!s.6

-.2-.2

~3-.3

.4

.5-.1

'.7.4.1

-.2

-i.8

3

Sea-son-

ally ad-justed

0.5

J.3.4

-.2

-.20

.2

.8

.3-.1

.5

.5

-.3

~'.2.2.2.6

Unad-justed

0.5

'.2.6

3

-.3

-.4.5

-.5.6

.6

~!61.0

!l

-.2.1

-.2.6.1

Sea-son-

ally ad-justed

0.5

'.2

i

-.30

'.201.0

.6

J.6.2

-.5

-.2.3.2.4.7.9

Unad-justed

0.6.1

'.I.1

.10

U.2

-.1

.1

.1

o'-.10

-.1.1

-.71.0.1.1

Sea-son-

ally ad-justed

0.4

'.I.2.1

.1

.1

3.4

0

-.10

o'0

0

'.}~3

Unad-justed

0.90

1.82.81.2

-1.8-.6

-23-2.6

2.0

2.3-.93.04.01.6

-.6

o'-.1

ll2

Sea-son-allyad-

justed

1.2-.1-.1

.51.0

-1.1

-1.9-.3

-J-1.0

3.8

2.4-.92.62.7-.4

-2.4

-.6

.}1.92.33.1

Unad-justed

0.4.2

'.I

o'.1

-.1

?.6.2.1

.1

-.1-.1

o'

o'-.61.00

.1

Sea-son-

ally ad-justed

0.3.2

'.2.2

.2

.1

3

'.I

-.1

-.10

.'l

0.1

-3.1.1

1 Changes from December to December are based on unadjusted indexes.2 Data nave been revised through August 1996 to reflect the availability of late reports and corrections by respondents. All data are sub-

ject to revision 4 months after original publication.


376


MONEY STOCK, CREDIT, AND FINANCE

TABLE B—67.—Money stock, liquid assets, and debt measures, 1959—96[Averages of daily figures, except debt; billions of dollars, seasonally adjusted]

Yearand

month

December:19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996*>

1995- JanFebMarAprMay"::":::::":""""::::::::""JuneJulyAuesept :::::::::::::::::::::::::::r:OctNov .Dec

1996: JanFebMarApr .May : ::.: ::JuneJulyAugsept'.... :Oct "" "NovDec/'

Ml

Sum ofcurrency,demanddeposits,travelers

checks, andother

checkabledeposits(OCOs)

140.0140.7145.2147.8153.3160.3167.9172.0183.3197.4203.9214.4228.3249.2262.8274.3287.5306.3331.3358.4382.8408.8436.5474.5521.1552.1619.8724.4749.8786.9794.2825.8897.2

1,024.41.128.61,148.71,124.91.076.91,149.21,147.71,148.71.151.21,146.11,144.51.145.41,143.81,140.11,131.81,129.01,124.91,119.2,117.3,126.7,123.6.117.0,116.4

1.107.91.098.81.090.91.075.71,075.81.076.9

M2

Ml plusretail

MMMFbalances,savingsdeposits

(includingMMDAs),

andsmall timedeposits

297.8312.4335.5362.7393.3424.8459.2480.2524.8566.9587.9626.6710.3802.3855.5902.5

1,017.01,152.71,271.51,368.01,475.71,601.01,756.01,910.92,127.92.312.42.497.82,734.62,834.42,997.93,164.03,282.23.383.73,438.73.494.03,509.23,657.43,825.63,513.93,513.83,518.83.528.43.540.83,569.13,587.03,607.33,620.83,628.43,640.23,657.43,671.63,687.23,722.13,727.13,720.63,736.73,741.73,753.63,764.03,773.33.797.83.825.6

M3

M2pUislarge timedeposits,

RPs, Euro-dollars, andinstitution-only MMMF

balances

299.7315.2340.8371.3405.9442.4482.1505.4557.9607.2615.9677.2776.0886.0985.0

1,070.11,172.11,311.91.472.51,646.81,806.51,992.22,240.72,442.32,685.02,979.73,198.03,486.43,673.23,912.44,065.54,124.14,178.44,187.14,249.54,319.24,572.14,894.44,341.84.351.94,369.24,390.84,417.04,453.14.480.04.508.44,529.54.545.44.557.44,572.14,600.34,638.14,680.14,688.64,701.64,722.24,733.74,751.84,780.74,816.34,845.54.894.4

L

M3 plusother liquid

assets

388.6403.5430.6465.9503.6540.3584.4615.1667.3729.9764.4816.0902.9

1,022.91.142.51,250.01,366.81,516.81,705.41,911.12,119.82,329.22,603.22,851.33,147.53,522.03.825.34,122.44,328.54,664.24,894.24,975.85.004.45,075.65,164.45.302.95,681.5

5,329.15,360.65.395.45,427.75,453.05,489.85,537.95,574.75,621.75,649.15,656.05,681.55,700.25,720.75,779.85,806.95,804.35,834.35,850.55,881.55,922.95,943.6

Debt1

Debt ofdomestic

nonfinancialsectors

(monthlyaverage ofadjacent

month-endlevels)

687.6723.0765.7818.4873.3936.8

1,003.71,070.91,145.21,236.81,326.71,416.11,549.61,705.71,890.82,063.52,251.22,495.52,811.53,201.63,591.23,933.74,330.84,760.05,327.96,112.77,025.37,906.38,664.19,441.6

10,171.610,852.611.337.111,880.712,506.513,148.413,866.9

13,201.713,277.313,345.213,405.513,482.613,560.613,613.913,654.213,704.413,764.113,820.713,866.913,917.513,990.214,066.314,133.814,189.914,246.214,317.014,372.314,418.414,480.114,545.2

Percent change f rom year or 6months earlier2

Ml

0.53.21.83.74.64.72.46.67.73.35.16.59.25.54.44.86.58.28.26.86.86.88.79.85.9

12.316.93.54.9

.94.08.6

14.210.21.8

-2.1-4.3-.4-.4-.3

.4-.5-.7-.7-.7

-1.5-3.4-3.0-3.4-4.6-4.6-2.4-1.4-2.1-1.5-2.0-3.3-6.4-8.5-7.4-7.1

M2

4.97.48.18.48.08.14.69.38.03.76.6

13.413.06.65.5

12.713.310.3

7.67.98.59.78.8

11.48.78.09.53.65.85.53.73.11.61.6.4

4.24.6

:&.9

1.42.03.44.25.35.85.75.64.94.74.45.65.44.44.33.83.62.32.54.14.8

M3

5.28.18.99.39.09.04.8

10.48.81.4

10.014.614.211.28.69.5

11.912.211.89.7

10.312.59.09.9

11.07.39.05.46.53.91.41.3

.21.51.65.97.03.03.53.94.55.26.26.47.27.37.06.45.35.45.86.66.36.36.65.84.94.35.46.17.3

Debt

7.65.15.96.96.77.37.16.76.98.07.36.79.4

10.110.99.19.1

10.912.713.912.29.5

10.19.9

11.914.714.912.59.69.07.76.74.54.85.35.15.5

5.35.65.65.75.86.36.25.75.45.45.04.54.54.95.35.45.35.55.75.55.04.95.0

1 Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors, dataderived from flow of funds accounts.2 Annual changes are from December to December; monthly changes are from 6 months earlier at a simple annual rate.

Note.—See Table B-68 for components.Source: Board of Governors of the Federal Reserve System.

377


TABLE B—68.—Components of money stock measures and liquid assets, 1959—96[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]

Yearand

month

December:1959

I960196119621963196419651966196719681969

197019711972197319741975 ...19761977 .19781979

1980198119821983198419851986198719881989

1990199119921993199419951996* .

1995: JanFebMar .AprMay .:::::::::::::::::::::::'':::::::::June .

JulyAue .SeptOctNovDec

1996- JanFebMarAprMayJune

JulyAugsept ...::".::: ::: :~::OctNov .Dw ..

Currency

28.8

28.729.330.332.233.936.038.040.043.045.7

48.652.056.260.867.072.879.587.496.0

104.8

115.4122.6132.5146.2156.1167.9180.7196.8212.3222.6

246.9267.4292.9322.4354.9373.2395.7

357.6359.0362.3365.0367.6367.0

367.3368.5369.5370.8371.6373.2

373.6373.3375.2376.0377.1379.4

382.6385.0387.5390.4392.7395.7

Travelerschecks

0.3

.3

.4

.4

.4

.5

.5

.6

.6

A

.91.01.21.41.72.12.62.93.33.5

3.94.14.14.75.05.66.16.67.06.9

7.87.88.17.98.58.98.6

8.58.58.79.09.19.0

8.98.98.88.88.98.9

8.98.98.98.98.78.6

8.58.48.48.58.68.6

Demanddeposits

110.8

111.6115.5117.1120.6125.8131.3133.4142.5153.6157.3

164.8175.1191.6200.3205.2211.6221.6236.8250.6257.6

261.5231.4234.0238.3243.7266.6302.1286.8286.8279.3

277.4289.5339.1384.3382.4389.8400.7

383.3383.4382.9382.1382.1386.5

388.5389.3389.4388.1388.2389.8

393.5397.4407.1406.3409.5413.4

410.1407.0405.0395.9400.4400.7

Othercheckabledeposits(OCDs)

0.0

.0

.0

.0

.1

.1

.1

.1

.1

.1

.2

.1

.2

.2

.3

.4

.92.74.28.4

16.8

28.078.4

103.9131.9147.4179.8235.6259.5280.9285.3

293.9332.5384.2414.0402.9353.0271.8

399.8396.8394.8395.1387.4382.0

380.8377.2372.4364.1360.4353.0

343.2337.8335.4332.4321.8315.0

306.7298.4290.0280.9274.2271.8

Smalldenomi-nationtime

deposits1

11.4

12.514.820.125.629.234.555.077.8

100.6120.4

151.2189.8231.7265.8287.9337.8390.7445.5520.9634.2

728.5823.1850.9784.0888.8885.7859.0922.7

1,038.61,153.7

1,174.51,067.8

871.2787.9823.5937.7948.6

838.9857.2877.4893.1905.9913.4

919.0923.3926.4929.8935.1937.7

937.5937.0932.3930.1927.8927.0

928.7932.8936.8941.8946.7948.6

Savingsdeposits,including

moneymarketdeposit

accounts(MMDAs)2

146.5

159.1175.51947214.4235.3256.9253.2263.7268.9263.6

260.9292.2321.4326.7338.6388.8453.2492.2481.9423.9

400.3344.0400.2684.9704.7815.2940.8937.3926.3893.6

923.81,045.01,187.11,218.81,148.91,134.61,271.3

1,134.71,118.01,102.51,091.21,089.51.097.0

1,096.21,101.61,108.41,116.11,120.61,134.6

1,151.81,164.51,183.01,193.21,197.51,207.0

1,213.61,224.31,231.41,244.81,258.01.271.3

Money marketmutual fund

(MMMF) balances

Retail3

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.11.72.82.52.66.7

34.8

63.4152.4185.3137.8166.8177.1210.3224.5246.0322.5

358.1373.7356.0358.7388.1460.3528.9

391.2390.8390.2392.9399.3414.2

426.3438.7445.9450.6455.5460.3

463.2468.4480.1480.3478.3486.3

491.6497.7504.9511.0517.3528.9

Institu-tion

only4

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.2

.5

.61.03.4

10.2

15.938.649.541.461.863.984.591.190.3

106.9

133.5179.5199.8197.9183.7227.2273.9

189.3188.4195.0199.4203.7213.2

218.6218.5221.7223.7224.8227.2

230.6243.9248.3245.6243.5249.4

252.9257.2262.7264.3267.2273.9

1 Small denomination deposits are those issued in amounts of less than $100,000.2 Data prior to 1982 are savings deposits only; MMDA data begin December 1982.3 Balances in money funds with minimum initial investments of less than $50,000.'Balances in money funds with minimum initial investments of $50,000 or more.


378


TABLE B-68.—Components of money stock measures and liquid assets, 1959-96—Continued

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

Yearand

month

December:1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 „.1990199119921993199419951996'

1995- JanFebMarAprMayJuneJulyAUBsept ZIZZZZ7 ZZZZT"OctNovDec

1996- JanFebMarAprMay ZLZ ZL-ZZT"JuneJulyAugSentOctNovDec p

Largedenomi-nationtime

deposits*

1.22.0397.0

10815221.223130.937420.445.157673.3

1110144.7129.71181145.21956223.1260.23038324.83164403.2422.44202467.0518.3541.5480.94165353.6333.7363.141724943363.83713377.2380.63841387.2393.5396.4400.34097415.3417.2416.1421.642854313437.5444.2

449.8452.5459647594816494.3

Over-night

and termrepur-chaseagree-ments(RPs)(net)

0.0.00.0o0.0o.0o

4.93.0526.6

12814214.725132.944647757.465367.4945

1054119.9143.3172.61890158.0138.81194128.11575180.91794191118741920191.1192.2197.3191.81887193.5193.51912186.81794186.6188.718681876203.0194.3192.5191.6194719691949191.1

Over-night

and termEuro-

dollars(net)

0.7.8

151619241.8222.2292.72.4293.95885

10.215421.935149.857.777089.8

104896.994.0

1039108.2117095.288.779.366.966.382.3909

109687386487.290.191.191.892.292.793.292590.390.995.496.694497.097.197.696.896.9997

105.81039109.6

Savingsbonds

46145746546948149049.650251.251851752.054357660463367.271876480379572.367868.071174279.5918

100.61094117.5126.01379156.61715180.31848

18051805180.7181.21817182.41830183.5183.91842184.51848185.0185.018521856186.0186.4186.8187.21873187.3

Short-term

Treasurysecurities

38.636.737039840738540.743238.746159.548.836040.749352868.469878.4814

108.2133.91494182.92132261.9298.22758249.52668324.0334.2329.1345.93428386.94755

38703999410.9411.8405.2414.4433.9437.1456.84656464.4475.5466.0445.04596461.4432.6443.4

445.5452.64609449.4

Bankersaccept-ances

069

1 11 112131.6181.8233.33.5383550

12610.710814.122027132.039944.545045442.137144.540240.736.123920.914914.2120

13613513.713.412011.012.112.412.813412.612.011.810.398

10310.811.411.411.311511.6

Commer-cial

paper

3.65.152687 791

10.214417.822534.034.532735.242851248.552564.080798.398.8

1053113.61332160.7207.52313260.63354346.5

355.3335.2365.0385.6402.4437.1

4063414.9420.9430.6437.0428.9429.0433.3438.6440.5437.1437.1437.2442.34451461.0473.4470.9

473.1478.6482.4479.1

5 Large denomination deposits are those issued in amounts of more than $100,000.Note.—See also Table B-67.Source: Board of Governors of the Federal Reserve System.

379


TABLE B-69-—Aggregate reserves of depository institutions and monetary base, 1959-96

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

Year and month

December:1959I96019611962 . .19631964196519661967196819691970197119721973 . .1974197519761977 . .. .197819791980198119821983198419851986 .1987198819891990199119921993199419951996*

1995- JanFebMarAprMayJune zzzzzzzzzzJulyAugSe&ZZ7ZZT.ZZZZ'OctNovDec

1996: JanFebMarAprMay "... . "." I.."JuneJulyAugSeptOct ZZZZZ ZZ"~NovDeep

Adjusted for changes in reserve requirements2

Reserves of depository institutions

Total

11,10911,24711,49911,60411,73012,0111231612,22313,18013,76714,16814,55815,23016,64517,02117,55017,8221838818,99019,75320,72022,01522,44323.60025,3672635431,46038,95038,86640,41040,50841,78045,5475436760,5195936456,36450,16659,14558,85758,50057,98857,80157,38357,68057,4995734456,839563335636455,6065434855,72755,18254,22754,11253,19752,2695135150,13549,87550.166

Nonbor-rowed

10.16811,17211,36611.3441139711.74711,87211,69012.95213.02113.04914.22515.10415.59515.72316.82317.69218.33518.42018.88519.24820.3252130722.96624,59323.66730.14138.12338.08938,69440,24241.45545.35554,24360.43759.15656.10650.01159.00958.79858.43157.87757.65157.11057.30957.21757.06656.59356,12956.10655.56854.81355,70655.09154.10053.72652.82951.93550.98349.84849.66150.011

Nonbor-rowedplus

extendedcredit

10.16811.17211,36611.3441139711.74711,87211,69012,95213,02113,04914,22515,10415.59515.72316.97017.70418,33518,42018,88519.24820.32821.95623.15224.59526,27230,64138,42638,57239,93840.26241.47845.35654,24460.43759.15656.10650.01159.01358.79858.43157,87757.65157.11057,30957,21757,06656,59356.12956,10655.56854.81355,70655,09154,10053.72652.82951.93550.98349,84849,66150.011

Required

10,60310,50310,91511,03311,23911,60511,89211,88412,80513,34113,88214,30915,04916,36116,71717,29217,55618,11518,80019,52120,27921,50122,12423,10024,80625,99930,42337,58037,82039,36239,58540,11644,56953,21259,45658,19655,08648,74657,80657,91157,70657,23556,92156,41856,59056,51256,39455,75855,39055,08654,12153,99754,59054,06253,36852,96252,13251,30850,31349,14248,84048.746

Mone-tarybase

40,88040,97741,85342,95745,00347,16149,62051,56554,57958,35761,56965,01369,10875,16781,07387,53593,887

101,515110,323120,445131,143142,004149,021160,127175,467187,237203,529223,571239,784256,920267,723293,332317,502351,244386,877418,723435,006453,509421,032422,421425,165427,551430,112429,308429,822430,807431,685432,737433,206435,006435,182433,667436,871436,644437,009439,088441,881444,204445,880447,187449,345453.509

Borrowings of depositoryinstitutions from theFederal Reserve, NSA

Total

94174

133260332264444532228746

1,119332126

1,0501,298

72713053

569868

1,4731,690

636634774

3,1861,318

827777

1,71626532619212482

2092571551365969

11115027227128227824520425738352191

127386368334368287214155

Seasonal

4132141355

13582

116543396

113563893

1308476381831

100406846335182

1371722312582521997340

78

1034

10519228430930621210968

Extendedcredit

14712

148186

2,604499303483

1,2442023

0000400000000000000000000000

1 Data are prorated averages of biweekly (maintenance period) averages of daily figures.2 Aggregate reserves incorporate adjustments for discontinuities associated with regulatory changes to reserve requirements. For details onaggregate reserves series see Federal Reserve Bulletin

Note.—NSA indicates data are not seasonally adjusted.Source: Board of Governors of the Federal Reserve System.

380


TABLE B-70.—Bank credit at all commercial banks, 1972-96[Monthly average; billions of dollars, seasonally adjusted']

Year and month

December:1972197319741975197619771978197919801981198219831984198519861987

New series198819891990199119921993 ..199419951996

1995JanFebMarAprMayJuneJulyADCSeptOctNovDec

1996-JanFebMarAprMayJuneJulyAucsept'::::::::::::::::::::OctNovDec

Totalbankcredit

572.5647.8713.7745.1804.6891.5

1.013.91.135.61,238.61.307.01.400.41.552.21.722.91,910.42.093.72.241.2

2.435.72,608.92,751.52,856.22,957.73,113.63,326.23,610.13,767.73,355.53,370.53,398.03,474.73,495.53.517.03,536.83,548.33,568.53,588.03.598.73,610.13,640.33,650.43,642.83,669.53,674.03,680.73,685.33,675.53,690.03,717.93,745.43,767.7

Securities in bank credit

Totalsecuri-

ties

182.4187.6193.8227.9249.8259.3266.8286.2325.0339.8366.5428.3400.7449.8504.0531.6

562.0584.5633.7745.0843.5918.8952.3

1,001.9993.6952.3944.2949.3

1,001.9993.6995.5987.8989.1992.4996.9999.1

1,001.9999.6

1,005.0989.4990.7996.6989.7983.7972.3966.5968.5986.5993.6

U.S.Govern-

mentsecuri-

ties

89.088.286.3

116.7136.3136.6137.6144.3170.6179.3201.7259.2259.8270.8310.1335.8

366.8400.0455.6565.2666.8733.9732.1710.5704.3730.3727.0715.0708.0709.7708.5701.7705.8705.4712.3714.1710.5701.6713.3702.6704.5713.2708.5707.6701.3702.2700.9705.7704.3

Othersecuri-

ties

93.499.4

107.5111.2113.5122.7129.2141.9154.4160.5164.8169.1140.9179.0193.9195.8

195.2184.5178.1179.8176.7184.9220.2291.4289.3222.0217.1234.3294.0283.9286.9286.1283.3286.9284.6285.0291.4298.0291.7286.7286.2283.4281.3276.1271.0264.3267.6280.8289.3

Loans and leases in bank credit

Totalloansand

leases2

390.1460.2519.9517.2554.8632.3747.1849.4913.5967.3

1,033.91,123.91,322.21,460.61,589.71,709.6

1.873.82,024.42,117.82,111.22,113.32,194.82,373.92,608.12,774.02,403.22,426.32,448.72,472.72,501.82,521.52,549.02,559.22.576.22,591.12,599.62,608.12,640.72,645.42,653.52,678.82,677.42,691.02,701.62,703.32,723.52,749.42,759.02,774.0

Com-mercial

andindus-trial

137.1165.0196.6189.3190.9211.0246.2291.4325.7355.4392.5414.2473.2500.2536.7566.4

608.0639.3640.9619.5596.2585.9645.1716.4786.0655.7668.0670.8680.8687.6691.6696.9699.0703.8709.4713.6716.4722.6725.6723.4732.6735.4738.5743.1744.5759.1770.3774.9786.0

Real estate

Total

98.1117.3130.1134.4148.8175.2210.5241.9262.6284.1299.9331.0376.3425.9494.1587.2

675.0770.1855.1879.9901.2940.4

1,002.41,077.51,124.71.013.71,021.61,028.61,035.41,041.31,049.41,062.01,067.31,071.01,075.31,076.71,077.51,085.91,089.01.094.11.097.61,100.11,103.31,103.81,110.01,111.81,114.21,117.61,124.7

Re-volv-ing

homeequity

39.950.162.169.573.472.975.279.185.275.776.076.176.677.177.778.078.378.578.478.879.179.579.779.780.079.679.379.980.681.282.483.485.2

Other

635.1719.9793.1810.4827.8867.5927.2998.4

1,039.6938.0945.6952.5958.8964.2971.7984.0989.0992.5996.9997.9998.4

1,006.41.009.21,014.31,017.61,020.51,024.11,023.91,029.51,030.61,031.81,034.21,039.6

Con-sumer

86.398.6

102.4104.9116.3138.3164.7184.5179.2182.5188.2212.9254.2295.0315.4328.2

357.7378.1383.2366.5358.9390.4451.2493.1518.7457.3459.9465.0470.1472.5478.0480.8485.2488.8489.1490.9493.1499.7499.4502.6507.1504.6510.0513.0514.3517.9517.5518.1518.7

Secu-rity

15.612.912.713.517.721.019.718.718.021.425.328.035.043.340.334.5

40.741.445.054.464.187.576.283.076.273.273.075.477.788.187.787.184.286.686.786.383.085.185.985.185.382.081.579.172.773.478.678.776.2

Other

53.066.478.175.181.186.8

106.0112.9128.0123.9128.0137.8183.5196.2203.2193.3

192.4195.6193.5190.9192.8190.6199.0238.1268.4203.4203.9208.9208.7212.4214.8222.3223.5225.9230.6232.1238.1247.2245.5248.3256.1255.3257.6262.6261.7261.4268.8269.6268.4

1 Data are Wednesday values or prorated averages of Wednesday values for domestically chartered commercial banks, branches and agen-cies of foreign banks, New York State investment companies (through September 1996), and Edge Act and agreement corporations. Beginning1988, data are adjusted for breaks caused by ^classifications of assets.2 Excludes Federal funds sold to, reverse repurchase agreements (RPs) with, and loans to commercial banks in the United States.

Note.—Data are not strictly comparable because of breaks in the series.Source: Board of Governors of the Federal Reserve System.

381


TABLE B-71.—Bond yields and interest rates, 1929-96[Percent per annum]

Year andmonth

19291933 .. .19391940194119421943194419451946194719481949195019511952195319541955 .. .1956195719581959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994

19951996

U.S. Treasury securities

Bills(new issues)1

3-month

0.515023.014.103.326.373.375.375.375.594

1.0401.102121815521.7661.931.953

1.7532.6583.2671.8393.405

2.9282.3782.7783.1573.5493.9544.8814.3215.3396.6776.4584.3484.0717.0417.8865.8384.9895.2657.221

10.041

11.50614.02910.6868.639.587.485.985.826.698.127.515.423.453.024.295.515.02

6-month

18323.2472.6052.9083.2533.6864.0555.0824.6305.4706.8536.5624.5114.4667.1787.9266.1225.2665.5107.572

10.01711.37413.77611.0848.759.807.666.036.056.928.047.475.493.573.144.665.595.09

Constantmaturities2

3-year

2.471.632.473.193.982.844.463.983.543.473.674.034.225.235.035.687.027.295.655.726.957.827.496.776.698.299.71

11.5514.4412.9210.4511.899.647.067.688.268.558.266.825.304.446.276.255.99

10-year

2.852.402.823.183.653.324.334.123.883.954.004.194.284.925.075.656.677.356.166.216.847.567.997.617.428.419.44

11.4613.9113.0011.1012.4410.627.688.398.858.498.557.867.015.877.096.576.44

30-year

'•'"•" '

"7.758.499.28

11.2713.4512.7611.1812.4110.797.788.598.968.458.618.147.676.597.376.886.71

Corporatebonds

(Moody's)

Aaa

4.734.493.012.842.772.832.732.722.622.532.612.822.662.622.862.963.202.903.063.363.893.794.384.414.354.334.264.404.495.135.516.187.038.047.397.217.448.578.838.438.028.739.63

11.9414.1713.7912.0412.7111.379.029.389.719.269.328.778.147.227.977.597.37

Baa

5.907.764.964.754.334.283.913.613.293.053.243.473.423.243.413.523.743.513.533.884.714.735.055.195.085.024.864.834.875.676.236.947.819.118.568.168.249.50

10.619.758.979.49

10.6913.6716.0416.1113.5514.1912.7210.3910.5810.8310.1810.369.808.987.938.638.208.05

High-grade

munici-pal

bonds(Stand-ard &Poor's)

4.274.712.762.502.102.362.061.861.671.642.012.402.211.982.002.192.722.372.532.933.603.563.953.733.463.183.233.223.273.823.984.515.816.515.705.275.186.096.896.495.565.906.398.51

11.2311.579.47

10.159.187.387.737.767.247.256.896.415.636.195.955.75

New-homemort-gage

yields3

::::::....

5.895.835.816.256.466.977.818.457.747.607.968.929.009.009.029.56

10.7812.6614.7015.1412.5712.3811.5510.179.319.19

10.1310.059.328.247.207.497.877.80

Com-mer-cial

paper,6

months4

5.851.73.59.56.53.66.69.73.75.81

1.031.441.491.452.162.332.521.582.183.313.812.463.973.852.973.263.553.974.385.555.105.907.837.715.114.738.159.846.325.345.617.99

10.9112.2914.7611.898.89

10.168.016.396.857.688.807.955.853.803.304.935.935.42

Primerate

chargedby

banks s

5.50-6.001.5M.OO

1.501.501.501.501.501.501.501.50

1.50-1.751.75-2.00

2.002.072.563.003.173.053.163.774.203.834.484.824.504.504.504.504.545.635.616.307.967.915.725.258.03

10.817.866.846.839.06

12.6715.2718.8714.8610.7912.049.938.338.219.32

10.8710.018.466.256.007.158.838.27

Discountrate,

FederalReserve

Bankof NewYork5

5.162.561.001.001.007 1.007 1.00

7 1.0071.007 1.00

1.001.341.501.591.751.751.991.601.892.773.122.153.363.533.003.003.233.554.044.504.195.165.875.954.884.506.447.836.255.505.467.46

10.2811.7713.4211.028.508.807.696.335.666.206.936.985.453.253.003.605.215.02

Federalfundsrate6

1.782.733.111.573.303.221.962.683.183.504.075.114.225.668.207.184.664.438.73

10.505.825.045.547.93

11.1913.3616.3812.269.09

10.238.106.816.667.579.218.105.693.523.024.215.835.30

1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Department of the Treasury.3 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and assuming, onthe 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 by the volume of transactions at theserates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usually the one atwhich 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 Government securi-ties maturing in 1 year or less.


382


TABLE B-71.—Bond yields and interest rates, 1929-96—Continued[Percent per annum]

Year andmonth

1992:JanFebMar

86—JuneJulyAugSeptOctNovDec

1993:JanFebMar . ..

frJulyAug '.::::SeptOctNovDec


1995:JanFebMar

f,=JuneJuly...::AugSeptorf ..::::NovDec

1996:JanFebMar

£June ::J4 :::::::tfNovDec

U.S. Treasury securities

Bills(new issues) '

3-month

3.843.844.053.813.663.703.283.142.972.843.143.25

3.062.952.972.892.963.103.053.052.963.043.123.08

3.023.213.523.744.194.184.394.504.644.965.255.64

m5.735.675.705.505.475.415.265.305.355.16

5.024.874.964.995.025.115.175.095.155.015.034.87

6-month

3.883.944.193.933.783.813.363.233.012.983.353.39

3.173.083.083.003.073.233.153.173.063.133.273.25

3.193.383.794.134.644.584.814.915.025.395.696.21

6.316.105.915.805.735.465.415.405.285.345.295.15

4.974.794.965.085.125.265.325.175.295.125.075.02

Constantmaturities2

3-year

5.405.726.185.935.815.604.914.724.424.645.145.21

4.934.584.404.304.404.534.434.364.174.184.504.54

4.484.835.405.996.346.276.486.506.697.047.447.71

7.667.256.896.686.275.805.896.105.895.775.575.39

5.205.145.796.116.276.496.456.216.416.085.825.91

10-year

7.037.347.547.487.397.266.846.596.426.596.876.77

6.606.265.985.976.045.965.815.685.365.335.725.77

5.755.976.486.977.187.107.307.247.467.747.967.81

7.787.477.207.066.636.176.286.496.206.045.935.71

5.655.816.276.516.746.916.876.646.836.536.206.30

30-year

7.587.857.977.967.897.847.607.397.347.537.617.44

7.347.096.826.856.926.816.636.326.005.946.216.25

6.296.496.917.277.417.407.587.497.717.948.087.87

ffi7.457.366.956.576.726.866.556.376.266.06

6.056.246.606.796.937.067.036.847.036.816.486.55

Corporatebonds

(Moody's)

Aaa

8.208.298.358.338.288.228.077.957.927.998.107.98

7.917.717.587.467.437.337.176.856.666.676.936.93

6.927.087.487.887.997.978.118.078.348.578.688.46

8.468.268.128.037.657.307.417.577.327.127.026.82

6.816.997.357.507.627.717.657.467.667.397.107.20

Baa

9.139.239.259.219.139.058.848.658.628.848.968.81

8.678.398.158.148.218.077.937.607.347.317.667.69

7.657.768.138.528.628.658.808.748.989.209.329.10

m8.708.608.207.908.048.197.937.757.687.49

7.477.638.038.198.308.408.358.188.358.077.797.89

High-grade

munici-pal

bonds(Stand-ard &Poor's)

6.416.676.696.646.576.506.126.086.246.436.356.24

6.185.875.655.785.815.735.605.505.315.295.475.35

5.305.445.936.286.266.146.196.196.336.506.966.76

6.536.246.106.015.905.835.986.075.885.775.615.42

5.425.455.825.935.986.035.915.725.865.715.595.62

New-homemort-

yBJs3

8.498.658.518.588.598.438.008.007.937.908.077.88

7.827.777.467.467.377.237.207.056.956.806.806.92

6.956.856.997.317.437.627.717.677.707.767.817.83

8.188.288.218.157.997.737.787.757.697.587.467.40

7.327.207.497.767.808.058.018.087.987.957.807.79

Com-mer-cial

paper,

months4

4.064.134.384.133.973.993.533.443.263.333.673.70

3.353.273.243.193.203.383.353.333.253.273.433.40

3.303.624.084.404.924.865.135.195.325.706.016.62

6.636.386.306.196.075.795.685.755.665.715.595.43

5.234.995.265.385.425.575.675.515.665.455.405.44

Primerate

charged

banks5

High-low

6.50-6.506.50-6.506.50-6.506.50-6.506.50-6.506.50-6.506.50-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.00

6.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-4.00

6.00-6.006.00-6.006.00-6.256.25-6.756.75-7.257.25-7.257.25-7.257.25-7.757.7^-7.757.75-7.757.75-8.508.50-8.50

8.50-8.508.50-9.009.00-9.009.00-9.009.00-9.009.00-9.009.00-8.758.75-8.758.75-8.758.75-8.758.75-J.758.75-8.50

8.50-8.508.50-8.258.25-8.258.25-8.258.25-8.258.25-8.258.25-S.258.25-8.258.25-8.258.25-8.258.25-8.258.25-8.25

Discountrate,

FederalReserve

Bankof NewYork*

High-low

3.50-3.503.50-3.503.50-3.503.50-3.503.50-3.503.50-3.503.50-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.00

3.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.00

3.00-3.003.00-3.003.00-3.003.00-3.003.00-3.503.50-3.503.50-3.503.50-4.004.00-4.004.00-4.004.00-4.754.75-4.75

4.75-4.754.75-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.25

5.25-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.00

Federalfundsrate6

4.034.063.983.733.823.763.253.303.223.103.092.92

3.023.033.072.963.003.043.063.033.092.993.022.96

3.053.253.343.564.014.254.264.474.734.765.295.45

5.535.925.986.056.016.005.855.745.805.765.805.60

5.565.225.315.225.245.275.405.225.305.245.315.29

Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Board, Moody's InvestorsService, and Standard & Poor's Corporation.

383


TABLE B-72.—Credit market borrou'ing, 1987-96[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Item

NONFIMANCIAL SECTORS

DOMESTIC

FEDERAL GOVERNMENT

Treasury securitiesBudget agency securities and mortgages

NONFEDERAL BY INSTRUMENT

Commercial paperMunicipal securities and loansCorporate bonds :Bank loans n e eOther loans and advances

MortgagesHomeMultifamily residentialCommercialFarm

Consumer credit

NONFEDERAL BY SECTOR

Household sectorNonfinancial business

CorporateNonfarm noncorporateFarm

State and local governments

FOREIGN BORROWING IN THE UNITED STATES

Commercial paperBondsBank loans n.e.cOther loans and advances

NONFINANCIAL DOMESTIC AND FOREIGN BORROWING ...

FINANCIAL SECTORS

BY INSTRUMENT

Federal Government relatedGovernment-sponsored enterprises securitiesMortgage pool securitiesU.S. Government loans

Private financial sectorsOpen market paperCorporate bondsBank loans n e eOther loans and advancesMortgages

BY SECTOR

Commercial bankingSavings institutionsGovernment-sponsored enterprisesFederally related mortgage poolsAsset-backed securities issuersFinance companiesFunding corporations * . . . .

ALL SECTORS

BY INSTRUMENT ..

Open market paperU.S. Government securitiesMunicipal securities and loansCorporate and foreign bondsBank loans n.e.cOther loans and advancesMortgages ..Consumer credit

1987

734.0

143.9142.4

1.5

590.1

1.691.678.810.843.8

330.3247.6

16.973.3-7.433.2

590.1

306.8192.2148.755.2

-11.691.1

6.3

3.87.4

-3.6-1.4

740.2

291.6

168.330.2

138.8-.8

123.326.978.6-8325.*

291.6

21.528.7295

138.849.923.29.7

-9.7

1,031.8

32.3312.191.6

164.7-1.167.5

330.633.2

1988

776.5

155.1

137.717.4

621.4

11.959.3

103.133.955.6

298.8229.3

17.756.5-4.858.8

621.4

267.9299.0225.084.2

-10.254.5

7.5

8.76.9

-1.8-6.4

784.0

249.2

119.844.974.S

129.554.852.227

19.4

249.2

2.021.644.974.937.623.938.(

1,033.2

75.4274.959.3

162.234.868.6

299.158.8

1989

719.1

146.4

144.71.6

572.7

21.452.973.827.858.5

293.7235.2

10.650.3-2.544.5

572.7

268.2253.4183.269.6

.651.1

10.2

13.14.9-.1

-7.6

729.2

225.0

149.525.2

124.3

75.531.340.8135

-10.5.3

225.0

5.2-15.0

25.2124.327.727.412.517.7

954.3

65.9295.«

52.9119.541.240.5

294.044.5

1990

669.8

246.9

238.78.2

422.9

9.749.347.1

.468.1

232.4226.3

1.56.1

-1.616.1

422.9

264.1112.2110.0

1.11.0

46.6

23.9

12.321.4-2.9-7.0

693.7

211.4

167.417.1

150.3

44.08.6

54.04.7

-23.9.6

211.4

-26.8-30.9

17.0150.3

60.223.J15.42.3

905.1

30.7414.4

49.3122.5

2.237.1

233.016.1

1991

481.7

278.2

292.0-13.8

203.5

-18.487.878.8

-40.9-48.5

158.4173.6-5.5

-10.0.4

-13.7

203.5

183.8-61.9-53.0-11.0

2.181.6

14.8

6.415.03.1

-9.8

496.5

155.6

145.79.2

136.6.0

9.8-32.0

69.98.8

-37.3c

155.6

-13.2-44.7

9.1136.6

54.C17.7-6.5

2.5

652.1

-44.0424.(

87.8163.6-29.1-95.6158.9-13.7

1992

543.0

304.0

303.8.2

239.0

8.630.567.6

-13.710.1

130.9187.6-10.4-47.8

1.45.0

239.0

198.319.534.1

-16.01.3

21.1

23.7

5.216.82.3-.6

566.7

240.0

155.840.3

115.6.0

84.2-.7

82.72.2

~!6

240.0

10.0-7.C40.2

115.658.5-1.613.211.1

806.6

13.1459.8

30.5167.1-9.3

8.9131.5

5.0

1993

627.0

256.1

248.37.8

370.9

10.074.875.23.6

-9.4

155.2185.8-6.0

-25.0

6L5

370.9

255.952.746.5

4.22.0

62.3

70.4

-9.082.9

-4^2

697.4

292.2

165.380.684.7

.0

126.9-6.2

120.1-13.0

22.43.6

292.2

13.411.380.684.783.J

2!<15.9

989.6

-5.1421.4

74.8278.2-8.6

8.7158.861.5

1994

621.2

155.9

155.7.2

465.4

21.4-29.3

23.373.254.4

196.0203.9

1.7-11.3

1.8126.3

465.4

372.4136.4121.7

11.92.8

-43.4

-15.3

-27.312.2

1.4-1.6

606.0

466.7

287.5176.9115.4-4.8

179.241.6

117.5-12.3

22.69.8

466.7

20.112.8

172.1115.468.550.224.2

3.3

1,072.7

35.7448.1293

153.062370.7

205.8126.3

1995

7204

1444

142.91.5

576.0

18.1-44.2

73.399.659.0

228.6196.910.519.5

1.6141.6

576.0

383.1241.5205.134.8

1.6-48.6

69.5

13.648.3

8.5-.8

789.9

446.7

205.1106.998.2

.0

241.642.6

184.75.53.45.3

446.7

22.52.6

106.998.2

132.351.632.0

.7

1,236.5

74.3349.5-44.2306.3113.561.6

233.9141.6

1 Credit unions, life insurance companies, mortgage companies, real estate investment trusts, and brokers and dealers.


384


TABLE B-72.—Credit market borrowing, 1987-96—Continued[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Item

NONFINANCIAL SECTORS

DOMESTIC

FEDERAL GOVERNMENT

Treasury securitiesBudget agency securities and mortgages

NONFEDERAL BY INSTRUMENT

Commercial paperMunicipal securities and loansCorporate bonds . .. . ...Bank loans n.e.cOther loans and advancesMortgages

HomeMultifamily residentialCommercialFarm

Consumer creditNONFEDERAL B Y SECTOR . . .

Household sectorNonfinancial business

CorporateNonfarm noncorporateFarm . .

State and local governmentsFOREIGN BORROWING IN THE UNITED STATES

Commercial paperBondsBank loans nee. . .Other loans and advances

NONFINANCIAL DOMESTIC AND FOREIGN BORROWING

FINANCIAL SECTORS

BY INSTRUMENT

Federal Government relatedGovernment-sponsored enterprises securitiesMortgage pool securitiesU S Government loans

Private financial sectorsOpen market paperCorporate bondsBank loans n e e .Other loans and advancesMortgages

BY SECTORCommercial bankingSavings institutionsGovernment-sponsored enterprisesFederally related mortgage poolsAsset-backed securities issuersFinance companiesFunding corporations

ALL SECTORS

BY INSTRUMENT

Open market paperU.S. Government securitiesMunicipal securities and loansCorporate and foreign bondsBank loans n e.c . ...Other loans and advancesMortgagesConsumer credit

1

845.7

247.8

2490-1.2

5979

60-54.9

530145.5825

22822099

66100

1.71376

5979

38232698230438.5

8-54.2

67.1

43213.9811.9

912.8

2677

867629238o

1810376

1676-50

-24552

267.7

217-18.9

62.9238676802625

-320

1,180.5

8683345-54.923451487598

2334137.6

19

II

866.0

1847

18311.6

6813

34.3-2.298499.1573

23951908109361

1.71550

6813

389930042683

29.130

-9.0

45.5

-8751256

-26

911.4

4399

19651272693o

2434339

1823207

1352

4399

390-7.2

127.2693

113.2520264200

1,351.3

595381 1-22

33191254560

2447155.0

55

III

578.7

86.0

856.4

4927

18.1-107.2

59875.3352

2550227.9

113137

2.21564

4927

424617841405

34.43 5

-110.3

88.3

23755.28 21.3

667.0

5070

227710151262o2793437

2176794 952

507.0

3895.1

101.51262164.819839411.3

1,174.0

8553137

-107.2332591441.3

2603156.4

IV

591.4

59.3

54151

5321

141-12.6

820785610

191 71591

1331821 1

1175

5321

335621741813371-10

-209

769

-397 2 7119-39

6683

5720

3095136 11734

o2625551

1716-1832056

5720

-9731.5

136.117341835543-434

1,240.3

6533688-1263263886892

1972117.5

1

874.5

239.9

2422-2.3

6346

301-14.2

609298329

36363191

1382842 4

1315

6346

461018621398463

1-125

49.2

-84479871 1

923.7

3303

1438374

1065o1865178

1438249-55

5 5

330.3

-32611.037.4

1065132.8471316-34

1,254.0

3953837-14.22525633286

3691131.5

1996

II

6937

62.4

6022.2

6313

10736.971 5788269

31872488

184461

53878

6313

398420271584372

7 l301

366

9 611 1151

7

7303

6875

302013291691o38551057201823648658

687.5

40142.1

132.91691128.2684709358

1,417.8

12603644

36.928451175

76.23245

87.8

III

6704

1613

1644-3.1

5091

-165-76.2

7381329569

26802242

1472603 2

702

5091

329725592159416-1 5

-765

1058

3865944 731

7763

4537

2444840

1604o209385274796

33958

453.7

11 131.284.0

160486.2309350149

1,229.9

10734057-76220791471940

273970.2


385


TABLE B-73.—Mortgage debt outstanding by type of property and of financing, 1940-96

[Billions of dollars]

End of yearor quarter

194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963 .196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951994: I

I II l lIV

1995- 1||IIIIV

1996: II IIlk

Allproper-

ties

36.537.636.735.334.735.541.848.956.262.772.882.391.4

101.3113.7129.9144.5156.5171.8190.8207.5228.0251.4278.5305.9333.3356.5381.2411.1441.6473.7524.2597.4672.6732.5791.9878.6

1,010.31,163.01,328.41,463.01,572.81,650.71,841.92,071.12,334.22,635.12,985.33,280.33,582.13,802.33,960.24,091.84,266.94,472.74,706.64,299.84,358.54,417.94,472.74,514.24,581.64,657.94,706.64,782.04,869.44,949.1

Farmproper-

ties

6.56.46.05.44.94.84.95.15.35.66.16.77.27.78.29.09.8

10.411.112.112.813.915.216.818.921.223.125.127.529.430.532.435.439.844.949.955.463.972.886.897.5

107.2111.3113.7112.4105.995.287.783.080.578.979.380.781.283.084.681.382.182.683.083.483.884.484.685.286.587.3

Nonfarm properties

Total

30.031.230.829.929.730.836.943.950.957.166.775.684.293.6

105.4120.9134.6146.1160.7178.7194.7214.1236.2261.7287.0312.1333.4356.1383.5412.2443.2491.8562.0632.8687.5742.0823.2946.4

1,090.21,241.71,365.51,465.51,539.31,728.21,958.72,228.32,539.92,897.63,197.33,501.73,723.43,880.94,011.14,185.74,389.74,622.04,218.54,276.44,335.34,389.74,430.84,497.84,573.54,622.04,696.84,782.94,861.7

1-to 4-familyhouses

17.418.418.217.817.918.623.028.233.337.645.251.758.566.175.788.299.0

107.6117.7130.9141.9154.6169.3186.4203.4220.5232.9247.3264.8283.2297.4325.9366.5407.9440.7482.1546.3642.7753.5870.5969.0

1,049.11,096.41,219.41,360.41,535.71,741.71,976.52,217.42,459.52,674.82,848.23,036.33,225.53,429.43,626.33,263.23,316.83,374.33,429.43,465.03,519.03,587.13,626.33,689.23,757.73,824.9

Multi-familyproper-

ties

5.75.95.85.85.65.76.16.67.58.6

10.111.512.312.913.514.314.915.316.818.720.323.025.829.033.637.240.343.947.352.260.170.182.893.1

100.0100.6105.7114.0124.9134.9141.0138.9140.8154.0177.0205.3238.5260.9277.5288.5289.8284.4274.2270.8275.7288.0271.5273.6276.2275.7277.8280.9284.2288.0291.9297.0301.1

Com-mercialproper-

ties

6.97.06.76.36.26.47.79.1

10.210.811.512.513.414.516.318.320.723.226.129.232.436.541.146.250.054.560.164.871.476.985.695.9

112.7131.7146.9159.3171.2189.7211.8236.3255.5277.5302.2354.8421.4487.3559.7660.2702.4753.7758.8748.3700.6689.4684.6707.7683.8686.1684.7684.6688.0697.9702.2707.7715.7728.2735.7

Nonfarm properties by type of mortgage

Government underwritten

Total1

2.33.03.74.14.24.36.39.8

13.617.122.126.629.332.136.242.947.851.655.259.362.365.669.473.477.281.284.188.293.4

100.2109.2120.7131.1135.0140.2147.0154.1161.7176.4199.0225.1238.9248.9279.8294.8328.3370.5431.4459.7486.8517.9537.2533.3513.4559.3584.3521.2533.5551.1559.3565.4571.3578.4584.3592.3599.5611.0

1- to 4-family houses

Total

2.33.03.74.14.24.36.19.3

12.515.018.822.925.428.132.138.943.947.250.153.856.459.162.265.969.273.176i79.984.490.297.3

105.2113.0116.2121.3127.7133.5141.6153.4172.9195.2207.6217.9248.8265.9288.8328.6387.9414.2440.1470.9493.3489.8469.5514.2537.1476.7488.8506.2514.2520.3525.8531.0537.1544.3551.9562.4

FHAinsured

2.33.03.74.14.24.13.73.85.36.98.59.7

10.812.012.814.315.516.519.723.826.729.532.335.038.342.044.847.450.654.559.965.768.266.265.166.166.568.071.481.093.6

101.3108.0127.4136.7153.0185.5235.5258.8282.8310.9330.6326.0303.2336.8352.3309.7318.8331.9336.8341.7345.5348.5352.3357.2362.5370.3

VAguar-

anteed

0.22.45.57.28.1

10.313.214.616.119.324.628.430.730.430.029.729.629.930.930.931.131.332.533.835.737.339.544.750.056.261.667.073.682.092.0

101.6106.2109.9121.4129.1135.8143.1152.4155.4157.3160.0162.7163.8166.2177.3184.7167.0170.0174.3177.3178.6180.3182.5184.7187.2189.3192.0

Conventional 2

Total

27.728.227.125.825.526.530.634.137.340.044.749.154.961.569.378.086.894.6

105.5119.4132.3148.5166.9188.2209.8231.0249.3267.9290.1312.0333.9371.1430.9497.7547.3595.0669.0784.6913.9

1,042.71,140.41,226.71,290.51,448.41,663.91,900.02,169.42,466.12,737.73,014.83,205.53,343.73,477.83,672.33,830.44,037.73,697.33,742.93,784.23,830.43,865.43,926.63,995.24,037.74,104.54,183.44,250.8

1-to 4-familyhouses

15.115.414.513.713.714.316.918.920.822.626.328.933.238.043.649.355.160.467.677.085.595.5

107.1120.5134.1147.4156.9167.4180.4193.0200.2220.7253.5291.7319.4354.3412.8501.0600.2697.6773.9841.5878.5970.5

1,094.51,246.91,413.11,588.61,803.32,019.42,203.92,354.92,546.52,756.12,915.23,089.32,786.52,827.92,868.12,915.22,944.72,993.23,056.13,089.33,144.83,205.83,262.6

1 includes FHA insured multifamily properties, not shown separately.2 Derived figures. Total includes commercial properties, and multifamily properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.

386


TABLE B-74.—Mortgage debt outstanding by holder, 1940-96[Billions of dollars]

End of yearor quarter

19401941194219431944194519461947194819491950195119521953195419551956195719581959I9601961196219631964 . . . .1965196619671968 .1969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951994- 1

I IIll .IV

1995:1III l lIV ....

1996- 1 .IIHip .

Total

36.537.636.735.334.735.541.848.956.262.772.882.391.4

101.3113.7129.9144.5156.5171.8190.8207.5228.0251.4278.5305.9333.3356.5381.2411.1441.6473.7524.2597.4672.6732.5791.9878.6

1,010.31,163.01,328.41,463.01,572.81,650.71,841.92,071.12,334.22,635.12,985.33,280.33,582.13,802.33,960.24,091.84,266.94,472.74,706.64,299.84,358.54,417.94,472.74,514.24,581.64,657.94,706.64,782.04,869.44,949.1

Major financial institutions

Total

19.520.720.720.220.221.026.031.837.842.951.759.566.975.185.799.3

111.2119.7131.5145.5157.6172.6192.5217.1241.0264.6280.8298.8319.9339.1355.9394.2450.0505.4542.6581.2647.5745.2848.2938.2996.8

1,040.51,021.31,108.21,245.91,361.51,474.31,665.31,831.51,931.51,914.31,846.71,769.21,768.11,815.81,889.01,746.71,763.31,786.21,815.81,842.01,868.21,895.41,889.01,901.51,925.01,951.8

Savingsinstitu-tions'

9.09.49.29.09.19.6

11.513.816.118.321.925.529.834.941.148.955.561.268.978.187.098.0

111.1127.2141.9154.9161.8172.3184.3196.4208.3236.2273.7305.0324.2355.8404.6469.4528.0574.6603.1618.5578.1626.7709.7760.5778.0860.5924.6910.3801.6705.4628.0598.4596.2596.8584.5585.7587.5596.2601.8599.7604.6596.8602.6612.9628.0

Commer-cial

banks2

4.64.94.74.54.44.87.29.4

10.911.613.714.715.916.918.621.022.723.325.528.128.830.434.539.444.049.754.459.065.770.773.382.599.3

119.1132.1136.2151.3179.0214.0245.2262.7284.2301.3330.5379.5429.2502.5592.4674.0767.1844.8876.1894.5940.6

1,004.31,080.4

938.2957.0981.5

1,004.31,025.01,053.21,072.81,080.41,087.21,099.61,113.0

Lifeinsur-ancecom-

panies

6.06.46.76.76.76.67.28.7

10.812.916.119.321.323.326.029.433.035.237.139.241.844.246.950.555.260.064.667.570.072.074.475.576.981.486.289.291.696.8

106.2118.4131.1137.7142.0151.0156.7171.8193.8212.4232.9254.2267.9265.3246.7229.1215.3211.8224.0220.7217.2215.3215.2215.4217.9211.8211.7212.6210.8

Other holders

Federaland

relatedagen-cies3

4.94.74.33.63.02.42.01.81.82.32.83.54.14.64.85.36.27.78.0

10.211.512.212.611.812.213.517.520.925.131.138.346.454.664.882.2

101.1116.7140.5170.6216.0256.8289.4355.4433.4490.6581.9733.7858.9937.8

1,067.31,258.91,422.61,558.31,683.81,791.51,884.11,727.01,759.91,781.11,791.51,796.11,812.01,841.01,884.11,912.71,958.11,990.9

Indi-viduals

andothers4

12.012.211.711.511.512.113.815.316.617.518.419.320.421.723.225.327.129.132.335.138.443.146.349.552.755.258.261.466.171.479.483.692.8

102.4107.7109.6114.4124.6144.3174.3209.4242.9273.9300.3334.6390.8427.0461.1511.1583.3629.1690.9764.3815.1865.4933.6826.2835.3850.6865.4876.1901.4921.6933.6967.8986.3

1,006.31 Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance Corporation-insured

institutions include loans in process for 1987 and exclude loans in process beginning 1988.Includes loans held by nondeposit trust companies, but not by bank trust departments.Includes Government National Mortgage Association (GNMA), .Federal Housing Administration, Veterans Administration, Farmers Home

Administration (FmHA), Federal Deposit Insurance Corporation, Resolution Trust Corporation (through 1995), and in earlier years Reconstruc-tion Finance Corporation, Homeowners Loan Corporation, Federal Farm Mortgage Corporation, and Public Housing Administration. Also includesU.S.-sponsored agencies such as Federal National Mortgage Association (FNMA), Federal Land Banks, Federal Home Loan Mortgage Corpora-tion (FHLMC), and mortgage pass-through securities issued or guaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amountssmall or current separate data not readily available) included with "individuals and others."

4 Includes private mortgage pools.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.

387


TABLE B-75.—Consumer credit outstanding, 1955-96

[Amount outstanding (end of month); billions of dollars, seasonally adjusted]

Year and month

December:19551956195719581959

I960196119621963196419651966196719681969

197019711972197319741975 . . .1976197719781979

198019811982198319841985198619871988 4

1989

199019911992199319941995


JulyAugsept ".:::...::::::::: ::.::":i:::::::::::::::i:::::::::::'":::::::::':::::::OctNovDec

1996:JanFebMar . . .AprMayJune

JulyAuJ " ..I.:"" '.". '. :sept ' " r "OctNov

Totalconsumercredit1

41.945448148.3559

60062268.176686.096.0

101 9106911741271

131 5146.91661190.019882036224.82575302.13435

3501367.63846433.75128584.76389671.77299781.9

796.4781 1784984419665

1 1033

978.19843999.7

1,01071024410370

104751 059 91,074.7108271094.41 1033

1 11351,125.01 13621,14421,150.81 1567

1 17041 17681,176.71,183.21.190.6

Automobile

13.514515.514.3166

18117.720.022925.929.431031.1344369

36340.547853.754256.865.979095.8

1087

112.0119.8127.5146.21753210.92472266.12855291.0

282.4259325712798317.23508

320.13223325.0326.833023326

33693392341.03441347.23508

352.9355.83586361.2362.33677

37433749376.2377.2377.7

Revolving2

/

2036

498.39 4

11.313214516.636745.2534

55161.166579.1

1003122.11360153.31745198.6

223.324582578287033934139

346.23523359.5363837183788

38223901399.54046407.44139

4190425.74313437.9443.54451

45214546455.4456.8460.0

Other 3

28.430932.634.1393

41944.548.153760.166.670875.7810866

90.298.1

1089124.91313132.3142.31418161.01815

183.0186.71907208.4237.2251.72557252.42699292.3

290.727612699277330993386

311.83097315.1320.132243256

328.43306334.23340339.7338.6

341.6343.53462345.2345.13439

34403472345.1349.2352.8

1 Covers most short- and intermediate-term credit extended to individuals through regular business channels, usually to finance the pur-chase of consumer goods and services or to refinance debts incurred for such purposes. Credit secured by real estate is excluded.2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Excludes 30-daycharge credit held by travel and entertainment companies. Prior to 1968, included in "other." Beginning 1977, includes open-end credit atretailers, previously included in "other." Also beginning 1977, some retail credit was reclassified from commercial into consumer credit.3 Includes mobile home loans and all other loans not included in automobile or revolving credit, such as loans for education, boats, trailers,or vacations. Includes all noninstallment credit. These loans may be secured or unsecured.4 Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.

Source.- Board of Governors of the Federal Reserve System.

388


GOVERNMENT FINANCE

TABLE B-76.—Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1929-98

[Billions of dollars; fiscal years]

Fiscal yearor period

19291933 .19391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976Transition

quarter197719781979198019811982198319841985198619871988198919901991199219931994199519961997 2

19982

Total

Re-ceipts

39206.36.58.7

14.624.043.745.239.338.541.639.439.451.666.269.669.765.574.680.079.679.292.594.499.7

106.6112.6116.8130.8148.8153.0186.9192.8187.1207.3230.8263.2279.1298.1

81.2355.6399.6463.3517.1599.3617.8600.6666.5734.2769.3854.4909.3991.2

1,032.01,055.01,091.31,154.41,258.61,351.81,453.11,505.41,566.8

Outlays

314 69.19.5

13.735.178.691.392.755.234.529.838.842.645.567.776.170.968.470.676.682.492.192.297.7

106.8111.3118.5118.2134.5157.5178.1183.6195.6210.2230.7245.7269.4332.3371.8

96.0409.2458.7504.0590.9678.2745.8808.4851.9946.5990.5

1,004.21,064.51,143.7

1,253.21,324.41,381.71,409.41,461.71,515.71,560.31,631.01,687.5

Surplusor

deficit(-)

0 7-26-2.8-2.9-4.9

-20.5-54.6-47.6-47.6-15.9

4.011.8

.6-3.1

6.1-1.5-6.5-1.2-3.0

3.93.4

-2.8-12.8

.3-3.3-7.1-4.8-5.9-1.4-3.7-8.6

-25.23.2

-2.8-23.0-23.4-14.9-6.1

-53.2-73.7

-14.7-53.7-59.2-40.7-73.8-79.0

-128.0-207.8-185.4-212.3-221.2-149.8-155.2-152.5

-221.2-269.4-290.4-255.0-203.1-163.9-107.3-125.6-120.6

On-budget

Re-ceipts

39205.86.08.0

13.722.942.543.838.137.139.937.737.348.562.665.565.160.468.273.271.671.081.982.387.492.496.2

100.1111.7124.4128.1157.9159.3151.3167.4184.7209.3216.6231.7

63.2278.7314.2365.3403.9469.1474.3453.2500.4548.0569.0641.0667.8727.5

750.3761.2788.9842.5923.6

1,000.81,085.61,116.51,161.9

Outlays

31469.29.5

13.635.178.591.292.655.034.229.438.442.044.266.073.867.964.565.770.674.983.181.386.093.396.4

102.8101.7114.8137.0155.8158.4168.0177.3193.8200.1217.3271.9302.2

76.6328.5369.1404.1476.6543.1594.4661.3686.1769.7807.0810.3861.8932.8

1,028.11,082.71,129.31,142.81,182.41,227.11,259.91,316.01,358.9

Surplusor

deficit(-)

07-26-3.4-3.5-5.6

-21.3-55.6-48.7-48.7-17.0

2910.5-.7

-4.74.3

-3.4-8.3-2.8-4.1

2.52.6

-3.3-12.1

.5-3.8-5.9-4.0-6.5-1.6-3.1

-12.6-27.7

-.5-8.7

-26.1-26.4-15.4-8.0

-553-70.5

-13.3-49.8-54.9-38.7-72.7-74.0

-120.1-208.0-185.7-221.7-238.0-169.3-194.0-205.2

-277.8-321.6-340.5-300.4-258.8-226.3-174.3-199.5-197.0

Off-budget

Re-ceipts

0.5.6.7.9

1.11.31.31.21.51.61.72.13.13.64.14.65.16.46.88.08.3

10.612.112.314.216.416.719.124.424.929.033.535.839.946.153.962.566.4

18.076.885.498.0

113.2130.2143.5147.3166.1186.2200.2213.4241.5263.7

281.7293.9302.4311.9335.0351.1367.5388.9404.9

Outlays

-0.0-.0

.0

.1

.1

.1

.1

.2

.3

.4

.4

.51.31.72.32.94.05.06.07.59.0

10.911.713.515.015.716.519.720.422.325.227.632.836.945.652.160.469.6

19.480.789.7

100.0114.3135.2151.4147.1165.8176.8183.5193.8202.7210.9225.1241.7252.3266.6279.4288.7300.5315.0328.6

Surplusor

deficit(-)

0.5.6.7.8

1.01.21.21.01.21.21.31.61.81.91.81.71.11.5.8.5

-.7-.2

.4-1.3-.8

.6

.2-.64.02.63.75.93.03.1

.51.82.0

-3.2

-1.4-3.9-4.3-2.0-1.1-5.0-7.9

.2

.39.4

16.719.638.852.856.652.250.145.355.762.467.073.976.4

Federal debt (endof period)

GrossFederal

'169'22548.250.757.579.2

142.6204.1260.1271.0257.1252.0252.6256.9255.3259.1266.0270.8274.4272.7272.3279.7287.5290.5292.6302.9310.3316.1322.3328.5340.4368.7365.8380.9408.2435.9466.3483.9541.9629.0

643.6706.4776.6829.5909.1994.8

1,137.31,371.71,564.71,817.52,120.62,346.12,601.32,868.0

3,206.63,598.54,002.14,351.44,643.74,921.05,181.95,453.75,736.2

Held bythe

public

41.442.848.267.8

127.8184.8235.2241.9224.3216.3214.3219.0214.3214.8218.4224.5226.6222.2219.3226.3234.7

236.8238.4248.0254.0256.8260.8263.7266.6289.5278.1283.2303.0322.4340.9343.7394.7477.4

495.5549.1607.1640.3709.8785.3919.8

1,131.61,300.51,499.91,736.71,888.72,050.82,189.9

2,410.72,688.12,998.83,247.53,432.13,603.43,733.03,875.84,021.4

Adden-dum:Gross

domes-tic

prod-uct

58290.197.8

115.4145.3179.8206.7217.4217.8228.5253.5269.5272.6321.0349.2372.4377.1395.5426.6449.9458.8489.7

518.3530.4567.3599.0639.8686.8752.7811.9868.0948.1

1,009.41,077.41,177.01,306.81,438.11,554.51,730.4

454.81,971.42,212.62,495.92,718.93,049.13,211.33,421.93,812.04,102.14,374.34,605.14,953.55,351.8

5,684.55,858.86,143.26,470.86,830.47,186.97,484.77,853.88,218.6

1 Not strictly comparable with later data.2 Estimates.Note.—Through fiscal year 1976, the fiscal year was en 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 a separate fiscal period knownas the transition quarter.

Refunds of receipts are excluded from receipts and outlays.See Budget of the United States Government, Fiscal Year 1998. Febriary 1997, for additional information.Sources: Department of Commerce (Bureau of Economic Analysis). Department of the Treasury, and Office of Management and Budget.

389


TABLE B—77.—Federal budget receipts, outlays, surplus or deficit, and debt, as percent of gross domestic

product, fiscal years 1934-98

[Percent; fiscal years]

Fiscal year or period

1934193519361937193819391940 .19411942 . .194319441945 .194619471948194919501951195219531954195519561957195819591960196119621963 .19641965196619671968196919701971197219731974 .19751976Transition quarter197719781979 ..19801981 ...19821983198419851986198719881989 .1990 .199119921993 .199419951996 .1997'1998 »

Receipts

4.85.14.96.17.57.06.77.5

10.113.321.220.818.016.916.414.614.516.118.918.718.516.517.517.817.416.217.817.817.617.817.617.017.418.317.619.719.117.417.617.718.318.017.217.918.018.118.619.019.719.217.617.517.917.618.618.418.518.218.017.817.818.418.819.419.219.1

Outlays

Total

10.69.1

10.48.57.6

10.19.7

11.824.243.744.242.625.415.111.714.415.614.219.420.418.817.316.617.018.018.817.818.418.818.618.517.217.919.420.519.419.419.519.618.818.721.421.521.120.820.720.221.722.223.223.622.323.122.621.821.521.4

22.022.622.521.821.421.120.820.820.5

Nationaldefense

1.75.6

17.737.138.338.219.65.63.64.95.07.3

13.214.213.110.810.010.110.210.09.39.49.28.98.67.47.78.89.48.78.17.36.75.95.55.65.24.94.94.74.74.95.25.86.16.06.26.26.15.95.75.34.74.94.54.13.83.63.43.2

Surplus ordeficit (-)

-5.8-4.0-5.4-2.5-.1

-3.2-3.0-4.3

-14.1-30.3-23.0-21.9

-7.31.84.7

-1.11.9-.4

-1.7

-!s.9.8

-.6-2.6

-^6-1.3-.8-.9-.2

-T.I-2.9

.3-.3

-2.1-2.0

~-A-3.4-4.3-3.2-2.7-2.7-1.6-2.7-2.6-4.0-6.1-4.9-5.2-5.1-3.3-3.1-2.8-3.9-4.6-4.7-3.9-3.0-2.3-1.4-1.6-1.5

Federal debt (end of period)

GrossFederal

51551.849.954.579.398.7

119.7124.4112.599.493.794.279.574.271.471.869.463.960.561.058.756.155.253.451.849.446.943.641.942.538.637.737.937.035.733.634.936.335.435.835.133.233.432.635.440.141.044.348.550.952.553.656.461.465.167.268.068.569.269.469.8

Held bypublic

45.943.741.846.671.189.4

108.2111.098.285.379.580.366.861.558.659.557.352.148,749.347.945.744.943.742.440.138.035.032.833.429.328.128.127.426.123.925.427.627.227.927.425.726.125.828.633.134.136.639.741.041.440.942.445.948.850.250.250.149.949.348.9

'Estimates.Note—See Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.

390


TABLE B-78.—Federal receipts and outlays, by major category, and surplus or deficit, fiscal years

1940-98

[Billions of dollars; fiscal years]

Fiscal year orperiod

1940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976Transition

quarter197719781979198019811982198319841985 z.:::..:::1986 . . .1987198819891990199119921993199419951996199711998 1

Receipts (on-budget and off-budget)

Total

6.58.7

14.624.043.745.239.338.541.639.439.451.666.269.669.765.574.680.079.679.292.594.499.7

106.6112.6116.8130.8148.8153.0186.9192.8187.1207.3230.8263.2279.1298.1

81.2355.6399.6463.3517.1599.3617.8600.6666.5734.2769.3854.4909.3991.2

1,032.01,055.01,091.31,154.41,258.61,351.81,453.11,505.41,566.8

Indi-vidual

in-cometaxes

0.91.33.36.5

19.718.416.117.919.315.615.821.627.929.829.528.732.235.634.736.740.741.345.647.648.748.855.461.568.787.290.486.294.7

103.2119.0122.4131.6

38.8157.6181.0217.8244.1285.9297.7288.9298.4334.5349.0392.6401.2445.7466.9467.8476.0509.7543.1590.2656.4672.7691.2

Corpo-ration

incometaxes

1.22.14.79.6

14.816.011.98.69.7

11.210.414.121.221.221.117.920.921.220.117.321.521.020.521.623.525.530.134.028.736.732.826.832.236.238.640.641.4

8.554.960.065.764.661.149.237.056.961.363.183.994.5

103.393.598.1

100.3117.5140.4157.0171.8176.2189.7

Socialinsur-ancetaxesandcon-tri-bu-

tions

1.81.92.53.03.53.53.13.43.83.84.35.76.46.87:27.99.3

10.011.211.714.716.417.019.822.022.225.532.633.939.044.447.352.663.175.184.590.8

25.2106.5121.0138.9157.8182.7201.5209.0239.4265.2283.9303.3334.3359.4380.0396.0413.7428.3461.5484.5509.4535.8557.8

Other

2.73.34.24.95.77.38.28.58.88.98.9

10.210.611.711.911.012.213.213.613.515.615.716.517.618.520.319.820.721.723.925.226.827.828.330.631.534.3

8.836.637.740.850.669.569.365.671.873.173.374.679.382.891.593.1

101.498.9

113.7120.1115.4120.8128.2

Outlays (on-budget and off-budget)

Total

9.513.735.178.691.392.755.234.529.838.842.645.567.776.170.968.470.676.682.492.192.297.7

106J111.3118.5118.2134.5157.5178.1183.6195.6210.2230.7245.7269.4332.3371.8

96.04092458.7504.0590.9678.2745J801.4851.9M6.5990.5

1,00421,06451,143.71,253.21,324.41,381.71,409.41,4(1.71,515.71.5W.31,631.01,687.5

Nationaldefense

Total

1.76.4

25.766.779.183.042.712.89.1

13.213.723.646.152.849.342.742.545.446.849.048.149.652.353.454.850.658.171.481.982.581.778.979.276.779.386.589.6

22.3972

104.5116.3134.0157.5185.3209.9227.4252.7273.4282.0290.4303.6299.3273.3298.4291.1281.6272.1265.72672259.4

Depart-ment ofDefense,military

50.151.152.648.856.670.180.480.880.177.577.675.077.984.987.9

21.895.1

102.3113.6130.9153.9110.7204.4220.9245.2215.5274.0281.9294.92S9.8262.4286.9278.6268.6259.42532254.3247.5

Inter-na-

tion-alaf-

fairs

0.11

101.31.41.91.95.84.66.14.73.62.7211.62.22.43.13.43.13.03.25.65.34.95.35.65.65.34.64.34.24.84.15.77.16.4

2.56.47.57.5

12.713.112.311.815.916.214211.610.59.6

13.815.916.117217.116.413.514.814.9

Health

0.1111

.2

.2

'.2

.2

.3

'.33

3.4.5.5

.8

121.51.81.82.53.44.45.25.96.88.79.4

10.712.915.7

3.917.318.520.523.226.927.428.630.433.535.940.044541457.771289.599.4

107.1115.4119.4127.6138.2

Medi-care

(Ti2.74.65.76.26.67.58.19.6

12.915.8

4.319.322.826.532.139.146.652.657.565.870.275.178.985.098.1

104.5119.0130.6144.7159.9174.2194.3207.1

In-comesecu-

rity

1.51.91.81.71.51.12.42.82.53.24.13.43.73.84.45.14.75.47.58.27.49.79.29.39.79.59.7

10.311.813.115.722.927.728.333.750.260.8

15.061.161.566.486.699.7

107.7122.6112.7128.2119.8123.3129.4136.1147.1170.3197.0207.3214.1220.5226.0238.9247.5

Socialsecu-

rity

0.0.1.1

'.2.3.4

.6

.7

162.12.73.44.45.56.78.29.7

11.612.514.415.816.617.520.721.723.927.330.335.940.249.155.964.773.9

19.885.193.9

104.1118.5139.6156.0170.7178.2188.6198.8207.4219.3232.5248.6269.0287.6304.6319.6335.8349.7367.7384.3

Netinter-est

0.9.9

1.11.52.23.14.14.24.34.54.84.74.75.24.84.95.15.45.65.86.96.76.97.78.28.69.4

10.311.112.714.414.815.517.321.423.226.7

6.929.935.542.652.568.885.089.8

111.1129.5136.0138.7151.8169.3184.2194.5199.4198.8203.0232.2241.1247.4249.9

Other

5.34.15.47.06.63.13.68.28.5

11.114.28.48.19.17.119

10.110.110.315.514.415.217.218.322.fi25.028.532.135.132.637.240.047.352.852.974.882.7

21.493.0

114.7120.2131.3133.5125.4122.2118.6131.9142.3121.1139.7159.3204.3225.7174.7160.4174.5163.4170.7173.2186.2

Surplusor

deficit(-)(on-

budgetandoff-

budget)

-2.9-4.9

-20.5-54.6-47.6-47.6-15.9

4.011.8

.6-3.1

6.1-1.5-6.5-1.2-3.0

3.93.4

-2.8-12.8

-13-7.1-4.8-5.9-1.4-3.7-8.6

-25.23.2

-2.8-23.0-23.4-14.9-fi.l

-53.2-73.7

-14.7-53.7-59.2-40.7-73.8-79.0

-121.0-207.8-185.4-212.3-2212-149.8-155.2-152.5-2212-269.4-290.4-255.0-203.1-163.9-107.3-125.6-120.6

' Estimates.Note.—See Note, Table B-76.Sources: Department of the Treasury and Office of Management and Brffet.

391


TABLE B-79.—Federal receipts, outlays, deficit, and debt, fiscal years 1992-98[Millions of dollars; fiscal years]

Description

RECEIPTS AND OUTLAYS:Total receipts .Total outlays

Total surplus or deficit (-)

On-budget receiptsOn-budget outlays

On-budget surplus or deficit (-)Off-budget receiptsOff-budget outlays

Off-budget surplus or deficit HOUTSTANDING DEBT, END OF PERIOD:Gross Federal debt

Held by Government accountsHeld by the public

Federal Reserve SystemOther

RECEIPTS: ON-8UDGET AND OFF-BUDGET

Individual income taxesCorporation income taxesSocial insurance taxes and contributions ........

On-budget .Off-budget

Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts . .

Deposits of earnings by FederalReserve System

All otherOUTLAYS: ON-BUDGET AND OFF-BUDGET

National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing credit

On-budgetOff-budget

TransportationCommunity and regional developmentEducation, training, employment, and

social servicesHealth . .MedicareIncome securitySocial security

On-budgetOff-budget

Veterans benefits and servicesAdministration of justiceGeneral governmentNet interest

On-budgetOff-budget

Undistributed offsetting receipts

On-budgetOff-budcet

Actual

1992

1,091,2791,381,681-290,402

788,8531,129,343

-340,489302,426252,33950,087

4,002,136

1,003,3022,998,834

296,3972,702,437

1,091,279

475,964100,270413,689

111,263302,426

45,56911,14317,35927,284

22,9204,364

1,381,681

298,35016,10716,4094,500

20,02515,20510,919

10,260659

33,3326,838

45,24889,497

119,024197,022287,585

6,166281,418

34,06414,42612,990

199,421

223,059-23,637

-39,280

-33,179-6.101

1993

1,154,4011,409,414

-255,013

842,4671,142,827

-300,360

311,934266,587

45,347

4,351,416

1,103,9453,247,471

325,6532,921,818

1,154,401

509,680117,520428,300

116,366311,934

48,05712,57718,80219,465

14,9084,557

1,409,414

291,08617,24817,0304,319

20,23920,363

-21,853

-23,2941,441

35,0049,052

50,01299,415

130,552207,299304,585

6,236298,349

35,67114,95513,009

198,811

225,599-26,788

-37,386

-30,970-6.416

1994

1,258,6271,461,731

-203,104

923,6011,182,359

-258,758

335,026279,372

55,654

4,643,705

1,211,5883,432,117

355,1503,076,967

1,258,627

543,055140,385461,475

126,450335,026

55,22515,22520,09923,164

18,0235,141

1,461,731

281,64217,08316,2275.219

21,06415,046-4,228

-5,3311,103

38,06610,454

46,307107,122144,747214,089319,565

5,683313,881

37,58515,25611,303

202,957

232,160-29,203

-37,772

-31,362-6.409

1995

1,351,8301,515,729

-163,899

1,000,7511,227,065

-226,314

351,079288,664

62,415

4,921,018

1,317,6453,603,373

374,1143,229,259

1,351,830

590,244157,004484,473

133,394351,079

57,48414,76319,30128,561

23,3785,183

1,515,729

272,06616,43416,7244,936

22,0789,778

-17,808

-15,839-1,969

39,35010,641

54,263115,418159,855220,493335,846

5,476330,370

37,89016,21613,835

232,169

265,474-33,305

-44,455

-38,023-6.432

1996

1,453,0621,560,330

-107,268

1,085,5701,259,872

-174,302

367,492300,458

67,034

5,181,930

1,448,9673,732,964

390,9243,342,039

1,453,062

656,417171,824509,414

141,922367,492

54,01417,18918,67025,534

20,4775,057

1,560,330

265,74813,49616,7092,836

21,6149,159

-10,646

-10,020-626

39,56510,685

52,001119,378174,225225,989349,676

5,807343,869

36,98517,54811,892

241,090

277,597-36,507

-37,620

-31,342-6.278

Estimates

1997

1,505,4251,631,016

-125,591

1,116,5221,316,014

-199,492

388,903315,002

73,901

5,453,677

1,577.9023,875,775

1,505,425

672,683176,199535,766

146,863388,903

57,24717,58817,32828,614

23,1845,430

1,631,016

267,17614,82216,5512,053

22,77310,252-8,808

-10,7841,976

39,26212,752

51,291127,630194,256238,855367,713

6,944360,769

39,65020,78413,109

247,382

288,620-41,238

-46,487

-39,982-6.505

1998

1,566,8421,687.475

-120,633

1,161,8981,358,896

-196.998

404,944328,579

76,365

5,736,159

1,714,8014,021,358

1,566,842

691,199189,662557,783

152,839404,944

61,23918,81718,30729,835

23,0066,829

1,687,475

259,38814,90516,4882,279

22,31412,3413,359

-7354,094

39,25911,435

56,204138,241207,084247,499384,338

7,626376,712

40,97124,22812,873

249,859

295,058-45,199

-55,590

-48,562-7.028

Note.-See Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.

392


TABLE B—80.—Federal Government receipts ami current expenditures, national income and product

accounts (NIPA), 1978-96


Year orquarter

Fiscal:197819791980198119821983198419851986198719881989199019911992199319941995

Calendar:1978197919801981198219831984 . .1985198619871988198919901991199219931994]995

1990:1IIIllIV

1991:1IIIllIV

1992-1IIIllIV

1993:1IIIllIV

1994:1IIIllIV

1995:1IIIllIV

1996:1IIIll

Receipts

Total

429.2497.0546.7633.5653.7658.1723.7798.7836.4922.5981.5

1,069.91,112.51,141.51,181.01,253.01,357.51,458.8

446.5511.1561.5649.3646.4671.9746.9811.3850.1937.4997.2

1,079.31,129.81,149.01,198.51,275.31,377.01,478.41,107.31,132.71,144.11,135.21,140.11,142.61,152.31,160.91,183.41,193.11,187.01,230.51,225.21,271.31,280.31,324.4

1,321.91,382.81,387.11,416.31,449.31,483.21,486.61,494.7

1,523.11,575.61,581.9

Per-sonaltaxand

nontaxre-

ceipts

185.5221.6249.1287.9308.4291.0300.7337.8353.6398.3407.9458.3477.3477.4485.8513.4555.9602.7

193.8229.7256.2297.2302.9293.0308.3343.7358.3402.4414.4463.4485.7476.9490.8523.6561.4614.9477.4490.7489.7484.9478.4474.3476.0479.0481.0481.6490.7510.0501.0521.0529.1543.4

539.3571.3560.4574.5594.6624.4617.3623.3639.6681.4680.2

Cor-porateprofits

taxaccru-

als

67.475.370.469.351.656.475.175.080.599.3

107.7119.1116.5111.5115.4130.9157.61832

71.474.470.365.749.061.375.276.383.8

103.2111.0117.1118.0109.8118.6137.5164.4184.3111.6118.5124.3117.4107.3108.9111.8111.1119.6125.3106.0123.7127.5136.5133.7152.2144.31622171.3180.0183.1180.7189.1184.3196.4199.0196.5

ndirectbusi-ness

tax andnontaxaccru-

als

27.929.936.254.351.551.657.458.953.756.460.461.763.675.880.986.492.791.7

28.930.139.757.349.753.357.958253257.860.961.765.179.781.988292.691263.264265.567.477.279.179.982.880.880.280286.584.387587.293.7

92.891.393.393.291.793.588.491.384.483285.7

Contri-butions

forsocialinsur-ance

148.4170.2190.9222.0242.2259.1290.5326.9348.7368.5405.6430.8455.1476.7499.05223551.25812

152.4176.8195.3229.1244.826423053333.1354.7374.1410.9437.1461.1482.6507.1526.0558.6588.0455.14593464.5465.64772480.3484.7488.1502.0506.1510.1510.3512.45262530.3535.1545.5558.1562.1568.6579.9584.659U595.9602.6612.0619.4

Current expenditures

Total1

467.5514.8597.0690.1758.5836.8877.0958.2

1.017.61,048.81,103.51.179.71.25921.318.11,456.71,515.11,563.91,629.4

478.1529.5622.5707.1781.08463902.99742

1,027.61,066.31.118.51.192.71.284.51.345.01.479.41.530.91.56731,640.11.261.51.276.91,286.71,313.01.274.71.33931.366.31.399.81.450.71.472.81.484.51,509.51,509.71.52151.534.71.557.7

1,534.61.552.51.575.71.606.4

1.621.91.64431.645.01.649.31,67831,70231.702.6

Consumptionexpenditures

Total

165.5181.2207.5239.0263.7292.0297.1334.4358.9371.1382.6407.8417.2442.5448.9452.3454.3454.8

168.8185.9215.2246.0270.0293.0314.1342.5362.3378.2387.84052426.6445.9451.0451.9450.7453.8421.7423.7423.2437.7450.5449.1443.7440.5445.8446.3454.4457.7451.3448.5453.54543446.7445.1455.7455.3454.6455.6453.6451.4453.6463.5461.3

Na-tionalde-

fense

116.2126.9145.3168.6192.2212.1222.5250.7271.0280.8293.4308.2306.1324.4318.9315.0310.8303.5

118.4130.7150.9174.3197.6214.9236.3257.6272.7287.6297.9303.3312.7325.4319.7313.5305.83023311.7310.8307.3321.0331.3328.6323.1318.53172317.3323.5320.7314.4312.6315.1312.0301.3303.4313.5305.0302.8304.8301.4300.1298.7307.4304.7

Transferpayments

Toper-sons

179.3198.5235.4274.6305.6339.9342.4360.7380.6399.4420.5449.7490.7535.7595.8633.6661.7697.3

182.4205.7247.0282.1316.4340.0344.6366.9386.2401.8425.8460.3500.0550.1608.5641.8666.4708.4492.7494.1500.0513.3538.6547.5551.0563.2598.7606.9611.3617.2633.4639.8645.3648.7659.7663.4667.8674.7696.2705.2713.0719.3737.2746.0751.2

Torest

of theworld(net)

3.54.04.35.26.37.09.0

12.313.310.711.111.714.9

-26.011.517.715.315.1

3.84.15.05.07.07.89.7

12.212.911.211.411.413.3

-27.916.617.316.511.511.515.513212.9

-76.9-32.0-5.4

2.612.415.012.926.112.614.815.526.311.212.915.726.212.111.011.311.619.011.811.7

Grants-in-aid

toStateandlocalgov-ern-

ments

74.779.186.790.183.486.291.698.6

108.2103.3108.4115.8128.4147.1168.4180.1196.3204.4

77.380.588.787.983.987.094.4

100.3107.6102.9111.2118.2132.4153.4172.2185.7195.9206.1128.4132.2131.8137.1144.8151.8154.4162.7165.4173.0174.2176.3177.3181.5187.2197.0192.2197.5196.9196.9205.8211.3203.8203.3207.6219.3214.5

Netinter-estpaid

33.140.250.166.181.889.9

107.2125.4129.9134.2146.5161.9178.5187.1197.9192.0195.9224.3

34.642.152.771.784.492.8

113.3126.9130.5137.8148.4166.7179.9192.7195.8192.3201.4229.1176.2179.7185.8177.8186.3192.6191.9200.0196.8198.4196.4191.8190.5193.2192.7192.8188.31983204.3214.8220.9229.3232.3233.9230.5230.8233.7

Subsi-dies lesscurrent

surplus ofgovern-

mententer-prises

11.611.713.015.217.721.429.926.626.730.234.432.929.531.734.139.340.533.5

11.411.313.914.419.425.427.125.228.034.433.830.832.430.835.141.836.431.330.931.732.734.431.630.030.730.931.833.135.340.344.743.640.538.636.535.335238.532.332.031.129.930.430.830.3

Currentsurplus

ordeficit

(-)(NIPA)

-38.3-17.8-50.3-56.6

-104.8-178.7-153.3-159.5-181.2-126.4-122.0-109.9-146.7-176.6-275.7-262.1-206.4-170.6

-31.7-18.4-61.0-57.8

-134.7-174.4-156.0-162.9-177.5-128.9-121.3-113.4-154.7-196.0-280.9-255.6-190.2-161.7-154.1-144.1-142.6-177.7-134.6-196.7-214.0-238.8-267.4-279.6-297.5-279.0-284.5-250.2-254.4-233.3-212.7-169.6-188.5-190.1-172.6-161.1-158.5-154.5-1552-126.7-120.8

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Note-See Note, Table B-76.Source: Department of Commerce. Bureau of Economic Analysis.

393


TABLE B—81.—Federal and State ami local government receipts and current expenditures, nationalincome and product accounts (NIPA), 1959-96


Year orquarter

195919601961196219631964196519661967 .19681969197019711972197319741975197619771978197919801981198219831984198519861987 .1988 ....19891990199119921993199419951990-1

IIIll .IV

1991:1IIIllIV

1992:1IIHIIV

1993-1III l lIV .

1994-1III l lIV

1995:1IIIllIV

1996-.IIIIll

Total government

Receipts

128.8138.8144.1155.8167.5172.9187.0210.7226.4260.9293.9299.6319.6364.8408.8451.8468.4535.9603.9678.5761.1834.2952.2971.5

1,028.61,144.51,239.71,313.11,429.41,517.31,642.11.726.41,779.81,870.61,986.62,127.52,268.41,689.21,721.81,748.51,746.11,753.91,766.61,789.41,809.31,841.41,858.91360.11,921.81,916.81,977.41,995.02,057.12,053.32,129.12,143.32,184.42,224.42,266.72,284.22,298.62,338.52,402.02.414.9

Currentexpendi-

tures

116.6121.5130.8141.3149.1157.3168.6190.8217.5243.7264.1292.9323.2353.1386.5438.3514.7557.1605.5657.5727.3840.8954.6

1,054.91,138.11,213.71,311.71,395.71,474.51,552.71,660.41.800.91,900.02,065.22,147.32,218.02,335.11,757.81,783.11,810.41.852.41,819.71.889.61,926.31.964.32,024.02,051.92,075.72,109.12,120.92,138.52,154.52,175.42.17122,193.52,232.22,275.22,298.02,328.72,344.82,365.02.402.72,427.62.446.5

Currentsurplus

or deficit(-)

(NIPA)

12.217.313.314518.415.618.519.98.9

17.229.86.7

-3.711.622.213.6

-46.3-21.3-1.520.933.8-6.6-2.4

-*3.4-109.5-69.1-71.9-S2.6-45.1-35.4-18.3-74.5

-120.2-194.6-160.7-90.5-66.7-68.6-61.4-61.9

-106.2-65.9

-123.0-136.9-155.1-182.6-193.0-215.5-187.3-204.0-161.0-159.5-118.3-117.9-64.4-W.9-90.7-73.7-62.1-64.6-66.4

-64.3-25.7-31.6

Federal Government

Receipts

90.697.099.0

107.2115.5116.2125.8143.5152.6176.8199.5195.1203.3232.6264.0295.1297.4343.1389.6446.5511.1561.5649.3646.4671.9746.9811.3850.1937.4997.2

1.079.31,129.81.149.01.198.51.275.31,377.01.478.41.107.31,132.71,144.11,135.21,140.11,142.61,152.31,160.91,183.41,193.11,187.01,230.51,225.21,271.31,28031.324.41,321.91,382.81,387.11,416.31,449.31,483.21,486.61,494.71,523.11,575.61.581.9

Currentexpendi-

tures

88.089.696.1

104.4110.2115.4122.4140.9160.9179.7190.8209.1228.6253.1275.1312.0371.3400.3435.9478.1529.5622.5707.1781.0846.3902.9974.2

1,027.61,066.31,118.51,192.71.284.51,345.01,479.41,530.91,567.31,640.11,261.51,276.91,286.71,313.01,274.71,339.31,366.31,399.81,450.71,472.81,484.51,509.51,509.71,521.51,534.71,557.71,534.61,552.51,575.71,606.41,621.91,644.31,645.01,649.31,678.31,702.31.702.6

Currentsurplus

or deficit(-)

(NIPA)

2.67.42.92.85.4

.93.42.6

-8.3-2.8

8.7-14.1-25.3-20.5-11.1-16.9-73.9-57.2-46.3-31.7-18.4-61.0-57.8

-134.7-174.4-156.0-162.9-177.5-128.9-121.3-113.4-154.7-196.0-280.9-255.6-190.2-161.7-154.1-144.1-142.6-177.7-134.6-196.7-214.0-238.8-267.4-279.6-297.5-279.0-284.5-250.2-254.4-233.3-212.7-169.6-188.5-190.1-172.6-161.1-158.5-154.5-155.2-126.7-120.8

State and local government

Receipts

45.048.352.456.661.167.172.381.589.8

102.7114.8129.0145.3169.7185.3200.6225.6253.9281.9309.3330.6361.4390.8409.0443.6492.0528.7570.6594.9631.4681.0728.9784.2844.3897.1946.4996.1710.3721.3736.2748.0758.5775.8791.4811.0823.4838.8847.3867.7869.0887.6901.9929.7923.6943.8953.1965.0980.9994.8

1,001.41,007.11,023.01,045.71.047.6

Currentexpendi-

tures

35.438.442.044.848.152.457.264.372.582.693.7

108.2123.7137.5152.0170.2198.0217.9237.1256.7278.3307.0335.4357.7378.8405.1437.8475.7511.1545.5585.9648.8708.4758.0802.2846.6901.1624.8638.5655.5676.5689.8702.1714.3727.2738.6752.2765.4775.9788.5798.5807.0814.7828.8838.6853.5865.6882.0895.8907.5919.0932.0944.7958.4

Currentsurplus

or deficit(-)

(NIPA)

9.69.9

10.411.713.014.715.117.317.320.021.120.821.732.233.430.527.635.944.752.652.354.455.451.364.986.991.094.983.885.995.180.175.886.394.999.795.085.582.880.771.568.873.777.183.884.886.682.091.780.589.194.9

115.094.8

105.299.699.399.099.093.988.191.0

101.089.2

Adden-dum:

Grants-in-aid

toStateandlocal

govern-ments

6.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.987.094.4

100.3107.6102.9111.2118.2132.4153.4172.2185.7195.9206.1128.4132.2131.8137.1144.8151.8154.4162.7165.4173.0174.2176.3177.3181.5187.2197.0192.2197.5196.9196.9205.8211.3203.8203.3207.6219.3214.5

Note.—federal grants-in-aid to State and local governments are reflected in Federal current expenditures and State and local receipts.Total government receipts and current expenditures have been adjusted to eliminate this duplication.


394


TABLE B-82.—Federal and State and local government receipts and current expenditures, nationalincome and product accounts (NIPA), by major type, 1959-96


Year orquarter

19591960196119621963196419651966 ....1967196819691970197119721973 .. ..19741975197619771978197919801981198219831984198519861987198819891990 . ...199119921993199419951990:1

III l lIV

1991:1I II l lIV

1992:1III l lIV

1993:1I IIllIV

1994:1I II l lIV

1995:1IIIllIV

1996:1IIIll

Receipts

Total

128.8138.81441155.81675172.9187.02107226.42609293.9299.63196364.84088451.8468.4535.9603967*5761.1834.2952.2971.5

1,028.61,144.51,239.71,313.11,429.41,517.31,642.1172641779.81,870.61,986.62,127.52.268.41,689.21,721.81,748.51,746.11,753.91,766.61,789.41,809.31,841.41,858.91,860.11,921.81,916.81,977.41,995.02,057.12,053.32,129.12,143.32,184.42,224.42,266.72,284.22,298.62,338.52,402.02,414.9

Darrer-sonaltaxand

nontaxre-

ceipts

44.548.750354.858056.061.9710779921

109.9109.01087132.01406159.1156.418232100240.1280.2312.4360.2371.4369.3395.5437.7459.9514.2532.0594.96248624.8650.5689.9731.4794.3613.0628.2630.8627.1622.3620.5623.7632.5636.7640.0650.6674.8662.4686.9696.4713.8705.5740.8731.3748.1770.0801.5798.4807.2824.9870.6872.5

Corpo-rate

profitstaxac-

cruals

23.622.722824.026228030.933732739439.734.437741.949351.850.964273083.588.084.881.163.177.294.096.5

106.5127.1137.0141.31405133.4143.0163.8195.3218.7133.0141.2148.0139.7130.1132.3136.0135.2143.9150.9127.6149.7151.5162.6159.3181.7171.4192.8203.4213.5217.3214.2224.5218.7233.4236.4233.4

In-directbusi-nesstaxandnon-taxac-

cruals

41.945.54815U54758862.765470479086.694.3

1036111.41210129.3140.015161655177.8188.7212.0249.3256.4280.1309.5329.6344.7364.8385.5414.74426478.1505.6540.0572.5595.5432.1436.1447.3455.0464.7472.9483.7491.2495.7497.9507.1521.7524.7535.1541.7558.5562.1568.0576.4583.5586.0594.8597.3604.1604.1608.7614.6

Contri-butions

forsocialinsur-ance

18.821.922925.428530131.640645.550457.862.069679.5979

111.7121.113771554177.0204.2225.0261.6280.6301.9345.5375.9402.0423.3462.?491.25185543.5571.4592.9628.3660.0511.1516.2522.4524.3536.8540.9546.0550.3565.1570.1574.8575.7578.3592.8597.5603.1614.2627.5632.2639.3651.0656.2664.0668.6676.0686.2694.4


Total1

116.6121.5130814L31491157.3168.61908217.52437264.1292.93232353.13865438.3514.755716055657.5727.3840.8954.6

1,054.91,138.11,213.71,311.71,395.71,474.51,552.71,660.4180091,900.02,065.22,147.32.218.02,335.11,757.81,783.11,810.41,852.41,819.71,889.61,926.31,964.32,024.02,051.92,075.72,109.12,120.92,138.52,154.52,175.42,171.22,193.52,232.22,275.22,298.02,328.72,348.82,365.02,402.72,427.62,446.5

Con-sump-twn

expend-itures

82.785.08969*2

10421099117.61335151*21678179.919212067223'623942672299.932143515383!3421.8476.4531.3577.9619.2664.9725.1775.0819.3859.1912.49767

1.025.41,054.71,079.81,102.41,136.4

957.0967.6977.2

1,005.01,022.61,025.91,025.21,027.81,038.41,047.11,061.81,071.31,072.11,074.51,084.21,088.41,089.01,092.31,111.11,117.21,126.71,135.61,139.11,143.31,154.91,173.71,180.6

Trans-fer

Pay-ments

27.529.333634>36638141.145854562669.383.8994

110.91266150.5189.220652209238.6266.9317.6360.7403.3434.4448.2480.9510.9533.7568.3616.36798721.1852.3905.S950.3

1,011.5660.7672.0682.5703.8648.7710.5748.7776.6828.8846.0855.4879.1886.2899.7909.8927.8928.3940.2954.5978.2991.9

1,005.21,018.51,030.31,059.11,064.51,073.8

Net interest paid

Total

6.36.9646.974798.18589

103IliS12.412512.915216.318.522824426.528.733.448.155.561.879.188.089.896.3

103.7115.51282139.4141.2140.4151.6181.7125.0128.0134.1125.8133.7139.6138.3145.9142.0143.5141.7137.6137.5141.0141.1141.9137.8148.3154.7165.7172.5181.6185.2187.5184.8185.6189.1

Inter-estpaid

10.199

10.811612.513.214515.718111822.323124.829633.637.743647956.868.683.9

110.2130.6146.7174.7195.9208.0216.0229.7251.02686282.8282.7278.8288.3318.0260.6264.6271.9277.2279.2282.7282.4286.9283.2285.1282.9279.4276.7279.8279.6279.0274.6284.7291.2302.6309.6318.9320.7322.8319.8319.7322.3

1 AC*Less:Inter-estre-

ceivedby

govern-ment2

3.3353i94 24.65.160687 78.399

10611914417319.220923530.339.950.562.175.084.995.6

107.9118.2119.7125.9135.51404143.5141.5138.4136.6136.3135.6136.6137.8151.5145.5143.2144.1141.0141.2141.6141.3141.9139.2138.9138.5137.1136.8136.4136.5136.9137.1137.3135.5135.3135.0134.0133.2

Less:Divi-

dendsre-

ceivedby

govern-ment ^

0.1

23359.99

131.72.01.92.32.93.43.94.55.15.96.98.1909.5

10.110.511.412.68.79.09.09.39.49.59.59.69.8

10.110.110.310.210.410.510.811.111.311.511.812.212.412.713.013.313.713.7

Subsi-iliacUleolesscur-rentsur-

plus ofgovern-

mententer-prises

0.1.3

131.5

914173029313.64 95164594.58.17 4

10111.111.715.216.921.125.625.521.925.131.028.524.225323.627.131.725.118.223.824.525.727.324.422.723.523.624.625.426.931.535.233.729.928.027.224.023.425.919.218.717.916.817.317.616.8

Currentsurplus

ordeficitH

(NIPA)

12.217.313314.518415618.519989

17229.86 7

-37116222136

-46.3-213-1 520.933.8-6.6-2.4

-83.4-109.5-69.1-71.9-82.6-45.1-35.4-18.3-745

-120.2-194.6-160.7-90.5-66.7-68.6-61.4-61.9

-106.2-65.9

-123.0-136.9-155.1-182.6-193.0-215.5-187.3-204.0-161.0-159.5-118.3-117.9-64.4-88.9-90.7-73.7-62.1-64.6-66.4-64.3-25.7-31.6

Adden-dum:

Grants-in-aid

toStateandlocal

govern-ments

6.86.57 28.091

10411.114415918620.32 4 429037.540643.954.661 167577.380.588.787.983.987.094.4

100.3107.6102.9111.2118.21324153.4172.2185.7195.9206.1128.4132.2131.8137.1144.8151.8154.4162.7165.4173.0174.2176.3177.3181.5187.2197.0192.2197.5196.9196.9205.8211.3203.8203.3207.6219.3214.5

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Prior to 1968, dividends received is included in interest received.Source: Department of Commerce, Bureau of Economic Analysis.

395


TABLE B-83.—State and local government receipts and current expenditures, national income andproduct accounts (NIPA), 1959-96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

IIIllIV

1991:1IIIllIV

1992:1IIIllIV

1993:1IIIl lIV

1994:1IIIllIV

1995:1IIIllIV

1996:1IIIll

Receipts

Total

45.048.352.456.661.167.172.381.589.8

102.7114.8129.0145.3169.7185.3200.6225.6253.9281.9309.3330.6361.4390.8409.0443.6492.0528.7570.6594.9631.4681.0728.9784.2844.3897.1946.4996.1710.3721.3736.2748.0758.5775.8791.4811.0823.4838.8847.3867.7869.0887.6901.9929.7923.6943.8953.1965.0980.9994.8

1,001.41,007.1

1,023.01,045.71,047.6

Personaltaxand

nontaxreceipts

4.65.25.76.36.77.58.19.5

10.612.715.216.718.724.226.328.231.035.841.046.350.556.263.068.576.287.194.0

101.6111.8117.6131.4139.1147.8159.7166.2170.0179.4135.6137.5141.2142.3143.9146.3147.7153.5155.7158.4159.9164.9161.4165.9167.3170.4166.2169.5170.8173.6175.5177.0181.2183.8185.3189.2192.3

Corpo-rate

profitstax

accruals

1.21.21.31.51.71.82.02.22.63.33.63.74.35.36.06.77.39.6

11.412.113.614.515.414.015.918.820.222.723.926.024.222.523.624.426.330.934.421.422.723.722.222.823.424.324.224.325.721.625.924.026.125.729.527.130.632.233.634.233.535.434.4

36.937.436.9

Indirectbusiness

taxand

nontaxaccruals

29.332.034.437.039.442.646.149.753.960.867.474.883.191.299.5

107.2115.8127.8139.9148.9158.6172.3192.0206.8226.8251.5271.4291.5307.1324.6353.0377.6398.4423.7451.8479.9504.3368.9371.9381.8387.7387.5393.8403.8408.4414.9417.7427.0435.2440.4447.6454.5464.9469.3476.7483.1490.3494.3501.3508.9512.8519.7525.5528.9

Contri-butions

forsocialInsur-ance

3.13.43.73.94.24.75.05.76.77.28.39.2

10.211.513.014.616.819.522.124.727.429.732.535.837.740.242.847.349.251.954.157.460.964.366.969.771.956.056.957.958.759.660.561.362.263.164.064.765.465.966.667.267.968.869.470.170.671.171.672.272.873.474.274.9

Federalgrants-in-aid

6.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.987.094.4

100.3107.6102.9111.2118.2132.4153.4172.2185.7195.9206.1128.4132.2131.8137.1144.8151.8154.4162.7165.4173.0174.2176.3177.3181.5187.2197.0192.2197.5196.9196.9205.8211.3203.8203.3207.6219.3214.5


Total'

35.438.442.044.848.152.457.264.372.582.693.7

108.2123.7137.5152.0170.2198.0217.9237.1256.7278.3307.0335.4357.7378.8405.1437.8475.7511.1545.5585.9648.8708.4758.0802.2846.6901.1624.8638.5655.5676.5689.8702.1714.3727.2738.6752.2765.4775.9788.5798.5807.0814.7828.8838.6853.5865.6882.0895.8907.5919.0932.0944.7958.4

Con-sump-

tionexpendi-

tures

30.933.736.739.142.246.050.556.562.970.879.891.6

102.9113.4126.4144.0164.9179.7196.1214.5235,9261.3285.3307.9326.2350.8382.6412.7441.1471.3507.2550.1579.4603.6627.9651.7682.6535.3543.9554.0567.3572.1576.9581.5587.3592.6600.8607.4613.6620.8626.0630.8634.1642.4647.3655.4661.9672.1680.1686.2691.9701.3710.2719.3

Trans-fer

pay-ments

toper-sons

5.65.96.57.07.58.28.8

10.112.114.516.720.124.027.530.432.338.943.647.452.457.265.773.679.986.693.9

101.9111.8120.7131.0144.5166.5199.0227.2246.8267.4291.6156.5162.4169.3177.7186.9195.0203.1210.8217.7224.1231.2235.8240.3245.0249.0252.8257.4263.8270.9277.2283.6289.0294.3299.4302.9306.6310.9

Netinterest

paidlessdivi-

dendsreceived

0.1.1.1.2.1

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

-1.1-1.4-2.0-1.7-1.8-3.4-5.3-5.4-5.0-6.0-9.8

-15.3-21.2-25.9-31.8-34.4-38.0-43.4-45.8-47.4-51.5-59.3-60.7-62.8-64.8-62.4-61.2-60.0-59.9-60.7-60.8-61.3-62.0-62.5-$3.1-63.6-64.5-65.0-64.9-64.5-63.1-62.7-62.1-61.7-61.6-61.2-61.1-60.9-€0.7-60.1-59.7-59.4-59.0-58.8-58.3

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

-1.2-1.3-1.4-1.4-1.7-1.7-1.7-1.7-1.6-1.6-1.5-1.6-1.4-1.6-1.5-.9-.4-.4-.3-.3

.41.22.41.7.2

-1.6-3.3-3.0-3.4-5.3-6.6-7.1-7.2^8.0

-10.1-11.2-13.1-7.1-7.1-7.0-7.1-7.2-7.2-7.2-7.2-7.2-7.7-8.3-8.9-9.5-9.9

-10.6-10.6-9.3

-11.3-11.8-12.6-13.1-13.3-13.2-13.0-13.1-13.3-13.4

Currentsurplus

ordeficit

(-)(NIPA)

9.69.9

10.411.713.014.715.117.317.320.021.120.821.732.233.430.527.635.944.752.652.354.455.451.364.986.991.094.983.885.995.180.175.886.394.999.795.085.582.880.771.568.873.777.183.884.886.682.091.780.589.194.9

115.094.8

105.299.699.399.099.093.988.191.0

101.089.2

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.

396


TABLE B-84.—State and local government revenues and expenditures, selected fiscal years, 1927-93

[Millions of dollars]

Fiscal year'

1927193219341936 . . ..193819401942194419461948 : ::.:....19501952 " '.'.'.195319541955 ZZZ19561957 . ..19581959I9601961196219631962-631963-641964-651965-661966-671967-681968-691969-701970-71 ..1971-721972-731973-741974-751975-761976-771977-781978-791979-301980-811981-821982-831983-841984-851985-861986-871987-88 ..1988-891989-901990-911991-92 .. .1992-93

General revenues by source2

Total

7,2717,2677,6788,3959,2289,609

10,41810,90812,35617,25020,91125,18127,30729,01231,07334,66738,16441,21945,30650,50554,03758,25262,89062,26968,44374,00083,03691,197

101,264114,550130,756144,927167,541190,222207,670228,171256,176285,157315,960343,236382,322423,404457,654486,753542,730598,121641,486686,860726,762786,129849,502902,207979,137

1,038,300

Propertytaxes

4,7304,4874,0764,0934,4404,4304,5374,6044,9866,1267,3498,6529,3759,967

10,73511,74912,86414,04714,98316,40518,00219,05420,08919,83321,24122,58324,67026,04727,74730,67334,05437,85242,87745,28347,70551,49157,00162,52766,42264,94468,49974,96982,06789,10596,457

103,757111,709121,203132,212142,400155,613167,999180,337188,535

Satesand

grossreceiptstaxes

470752

1,0081,4841,7941,9822,3512,2892,9864,4425,1546,3576,9277,2767,6438,6919,4679,829

10,43711,84912,46313,49414,45614,44615,76217,11819,08520,53022,91126,51930,32233.23337,51842,04746.09849,81554.54760.64167.59674.24779.92785.97193.613

100.247114.097126,376135,005144,091156.452166.336177,885185,570197,731209.546

Indi-vidualincometaxes

707480

153218224276342422543788998

1,0651,1271,2371,5381,7541,7591,9942,4632,6133.0373,2693,2673,7914,0904,7605,8257,3088.908

10.81211,90015.22717.99419.49121,45424,57529,24633.17636,93242.08046,42650.73855.12964.52970,36174,365m97.806

105.640109.341115,638123.221

Corpo-ration

netincometaxes

927949

113165156272451447592593846817778744890984

1.0181,0011,1801,2661,3081,5051,5051,6951.9292,0382,2272,5183.1803,7383,4244,4165.4256,0156,6427,2739,174

10.73812.12813,32114.14315,02814.25817,14119.15219.99422,42523,66325.92623,56622,24223,88026,417

Revenuefrom

FederalGovern-

ment

116232

1,016948800945858954855

1,8612,4862,5662,8702,9663,1313,3353,8434,8656,3776,9747.1317,8718,7228,663

10,00211,02913,21415.37017,18119.15321,85726,14631,34239,26441,82047!03455,58962,44469.59275,16483,02990,29487,28290,00796,935

106.158113.099114857117,602125,824136:802154,099179.174198.529

Allother'

1,7931,6431,4491,6041,8111,8722,1232.2692,6613,6854,5415,7636,2526,8977,5848,4659,2529,699

10.51611,63412,56313,48914,85014,55615,95117,25019,26921,19723,59826,11829,97132,37436,16240,21046,54151,73557,19161,12468.43679.82195.466

111.599128.926138.008153,570172,317187,314200,350208,482227,838249.996262,955282,376292.052

General expenditures by function2

Total

7,2107,7657,1817.6448,7579,2299,1908,863

11,02817,68422,78726,09827,91030,70133,72436,71140,37544,85148,88751,87656,20160,20664,81663,97769,30274,67882,84393,350

102,411116,728131,332150,674168,549181,357198,959230,722256,731274,215296,984327,517369,086407,449436,733466,516505,008553,899605,623657,134704,921762,360834,818908,108981,253

1,027,488

Edu-cation

2,2352,3111,8312,1772,4912,6382,5862,7933,3565,3797,1778,3189,390

10,55711,90713,22014,13415,91917,28318,71920,57422,21623,77623,72926,28628,56333,28737,91941,15847,23852,71859,41365,81469,71475,83387,85897,216

102,780110,758119,448133,211145,784154,282163,876176,108192,686210,819226,619242,683263,898288,148309,302324,652342,595

High-ways

1,8091,7411,5091,4251,6501,5731,4901,2001,6723,0363,8034,6504,9875,5276,4526,9537,8168,5679,5929,4289,844

10,35711,13611,15011,66412,22112,77013,93214,48115,41716,42718,09519,02118,61519,94622,52823,90723,05824,60928,44033,31134,60334,52036,65539,41944,98949,36852,35555,62158,10561,05764,93767,35168,134

Publicwelfare

151444889827

1,0691,1561,2251,1331,4092,0992,9402,7882,9143,0603,1683,1393,4853,8184,1364,4044,7205,0845,4815,4205,7666,3156,7578,2189,857

12,11014,67918,22621,11723,58225,08528,15632,60435,90639,14041,89847,28854,10557,99660,90666,41471,47975,86882,65089,09097,879

110,518130,402158,723170,653

Allother4

3,0153,2692,9523,2153,5473,8623,8893,7374,5917,1708,867

10,34210,61911,55712,19713,39914,94016,54717,87619,32521,06322,54924,42323,67825,58627,57930,02933,28136,91541,96347,50854,94062,59769,44678,09692,180

103,004112,472122,477137,731155,277172,957189,935205,079223,068244,745269,568295,510317,528342,479375,095403,467430,526446,105

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. Intergovernmentalreceipts and payments between State and local governments are also excluded.3 Includes other taxes and charges and miscellaneous revenues.

'Includes expenditures for libraries, hospitals, health, employment security administration, veterans' services, air transportation, watertransport and terminals, parking facilities, and transit subsidies, police protection, fire protection, correction, protective inspection and regu-lation, sewerage, natural resources, parks and recreation, housing and community development, solid waste management, financial adminis-tration, judicial and legal, general public buildings, other government administration, interest on general debt, and general expenditures,n.e.c.

Note.—Data for fiscal years listed from 1962-63 to 1992-93 are the aggregations of data for government fiscal years that ended in the12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal years endingduring that particular calendar year.

Data are not available for intervening years.Source-. Department of Commerce, Bureau of the Census.

397


TABLE B-85.—Interest-bearing public debt securities by kind of obligation, 1967-96

[Millions of dollars]

End of yearor month

Fiscal year:1967 . .196819691970197119721973197419751976197719781979

198019811982198319841985198619871988 !19891990199119921993199419951996

1995: JanFebMar

&•:::::JuneJulyAugSeptOctNovDec

1996: JanFebMar

ft :JuneJulyAug*SeptOctNovDec

Totalinterest-bearingpublicdebt

securities

322,286344,401351,729369,026396,289425,360456,353473,238532,122619,254697,629766,971819,007906,402996,495

1,140,8831,375,7511,559,5701,821,0102,122,6842,347,7502,599,8772,836,3093,210,9433,662,7594,061,8014,408,5674,689,5244,950,6445,220,7904,812,2084,850,5214,860,5024,831,5334,900,3464,947,8144,956,6254,967,1924,950,6444,981,7394,985,7904,964,3714,983,2475,012,8725,082,9525,097,9895,124,4225,126,7485,184,9085,173,7345,220,7905,243,3395,263,4235,317,188

Marketable

Total1

'210,672226,592226,107232,599245,473257,202262,971266,575315,606392,581443,508485,155506.693594,506683,209824,422

1,024,0001,176,5561,360,1791 1,564,3291 1,675,9801 1,802,9051 1,892,763

1 2,092,7591 2,390,660•2,677,4761 2,904,9101 3,091,6021 3,260,447•3,418,371'3,173,398'3,211,929» 3,227,333'3,182.253'3.241,464'3,252,620'3,270,977'3,286,057'3,260.447'3,293.172'3.351.483'3.307,179'3,331.836'3,387,122'3,375.055'3,367,197•3,387,187'3,348,433'3,411,190'3,395,960'3,418,371'3,431,060'3,444,643'3,459,691

Treasurybills

58,53564.4406835676,15486,67794,648

100,061105,019128,569161.198156.091160.936161.378199.832223,388277,900340,733356,798384,220410.730378.263398.451406,597482.454564.589634,287658.381697,295742,462761.232741,771756^51756.447735,178750,702748302759354750,167742,462738,605785.682760.680756.723795328811.919769.061782,756773.612789,809781.044761,232763392802,272777,414

Treasurynotes

49,10871,07378,94693.489

104.807113,419117,840128,419150,257191,758241,692267,865274,242310,903363,643442.890557.525661.687776,449896,884

1,005,1271,089.5781,133,1931,218,0811387.7171,566,3491,734,1611367.5071.980.3432,098.6701,906.3321,922,9131.938.2231,914.4131,961,1071.974,6631,981,9681.998,2471,980,3432,016,9252,029,6422.010,3402,038,9552,042,7322,014,0742,049,0742,055,3702,025,7612,072,3212,056,4472.098.6702.109.1982,072,4102,112,315

Treasurybonds

97,41891,07978,80562,95653,98949,13545,07133,13736,77939,62645,72456,35571,07383,77296,178

103,631125,742158,070199,510241,716277,590299,875337,974377,224423,354461,840497,367511,800522,643543,469510,294517,665517,664517,662514,655514,654514,654522,643522,643522,642521,159521,158521,158534,062534,062534,062534,061534,061534,060543,469543,469543,469554,962554,962

Nonmarketable

Total

111,614117,808125,623136,426150,816168,158193,382206,663216,516226,673254,121281,816312,314311,896313,286316,461351,751383,015460,831558,355671,769796,972943,546

1,118,1841,272,0991,384,3251,503,6571,597,9221,690,1971,802,4191,638,8101,638,5931,633,1691,649,2791,658,8811,695,1941,685,6481,681,1351,690,1971,688,5671,634,3081,657,1911,651,4111,625,7501,707,8971,730,7921,737,2351,778,3151,773,7181,777,7741,802,4191,812,2801,818,7801,857,497

U.S.savingsbonds

51,21351,71251,71151,28153,00355,92159,41861,92165,48269,73375,41179,79880,44072,72768,01767,27470,02472,83277,01185,55197,004

106,176114,025122,152133,512148,266167,024176,413181,181184,147178,041178,465178,839179,458179,824180,136180,547180,785181,181181,819182,203181,918182,238182,691182,992183,481183,594183,770183,949184,037184,147184,301184,379182,442

Foreigngovern-

mentand

publicseries2

1,5143,7414,0704,7559,270

18,98528,52425,01123,21621,50021,79921,68028,11525,15820,49914,64111,4508,8066,6384,1284,3506,3206,818

36,04141,63937,03942,45941,99640,95037,48842,53642,97941,79741,66241,61441,44241,23741,26140,95040,80040,80040,80539,67840,36140,36140,36238,00437,78137,61537,61537,48837,84237,63537,427

Govern-ment

accountseries

56,15559,52666,79076,32382,78489,598

101,738115,442124,173130,557140,113153,271176,360189,848201,052210,462234,684259,534313,928365,872440,658536,455663,677779,412908,406

1,011,0201,114,2891,211,6891,324,2701,454,6901,262,6421,262,7111,259,1841,275,5681,283,7651,322,0411,320,6851,314,9731,324,2701,325,1551,273,0591,299,5851,299,9671,274,6991,357,6471,380,4331,387,2351,428,5081,427,1851,429,8501,454,6901,462,8671,466,9611,505,937

Others

2,7322,8293,0524,0675,7593,6543,7024,2893,6454,883

16,79827,06727,39924,16323,71824,08435,59341,84363,254

102,804129,757148,021159,026180,579188,542188,000179,885167,824143,796126,094155,591154.438153,349152,591153,678151,575143,179144,116143,796140,793138,246134,883129,528127,999126,897126,516128,402128,256124,969126,272126,094127,270129,805131,691

' Includes Federal Financing Bank securities, not shown separately, in the amount of 15,000 million dollars.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 issuesheld 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 fiscal yearis on an October 1-September 30 basis.

Source: Department of the Treasury.

398


TABLE B-86.—Maturity distribution and average length of marketable interest-bearing public debtsecurities bdd by private investors, 1967-96

End of year or month

Fiscal year-.19671968 ..1969

19701971197219731974

1975197619771978197919801981198219831984

198519861987198819891990199119921993199419951996

1995: JanFebMarAprMay".""':::::::::.:::::..::::::::""::::.::"..:JuneJuly ..Aug..""1 SeptOctNovDec

1996- JanFebMarAprMay:.::::::::::::::::::"::::::::::rJuneJulyAucSeptOctNovDec

Amountout-

standing,pgt

Maturity class

Withinlyear

I t o 5years

5 to 10years

10 to 20years

20 yearsand over

Millions of dollars

150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782

3*1530463,717549.863682.043862,631

1.017,488

1,185.6751.354.2751.4453661,555,2081.654.6601,841,9032.113,7992.363.8022.562,3362,719,8612,870,7813.011.1852.791,9052329,6712,841.5062,795.12523513602.847,1292378,9262396.671

IfiBm2,937,1152:994,0902.980,6882,968,8782.983.6242.943.0972.996.8402.989.6803,011,1853.021,8813,028,6473,032.551

56.56166.74669311

76,44374,80379,50984,04187,150

115.677150,296161329163319181383220.084256.187314,436379379437.941

472.661506.903483382524,201546.751626,297713.778808.705858.135877.932

1,0023751.058358

927.146950306963,767952370980.967980,975

1.007.159999345

1.002.8751,007.1321.065.1791.049,5181,050,4061,078.3871.097.1201,0553221,061,2251.052,1901,067,689

!:&$1,0623081,084.7201.061.459

53.58452,29550,182

57.03558,55757,15754,13950,103

65,85290,578

113,319132,993127,574156,244182,237221,783294.955332.808

402.766467.348526,746552,993578:333630,144761.243866,329978,714

1,128,3221,157,4921,212,2581.169,5861.170.6481,171.1251.148.0831.173.6861,170,6281,174,5711.187,0611,157.4921,182.9331.176.1951.142.3921.174,2221,189,1731,158,4161,188,8281,199,1841,168,6831.196,6781.176.0911.212.2581,207,9991,198,9311,231,747

21,05721,85018,078

8,28614,50316,03316,38514,197

15,38524,16933,06733,50032,27938,80948,74375,74999,174

130,417

159,383189,995209,160232,453247,428267,573280,574295,921306,663289,998290,111306,643280372283,190280,798269,784278,581277,926278,600290711290,111290311292,576291,881292,525299,298298.496297,917298342299,042309371305,079306,643317322302,951301,103

6,1536,1106,097

7,8766,3576,3588,7419,930

8,857

£5m25,90132,56933,01740,82649:664

62,85370,66472,86274,18680,61682,71384,90084,70694,34588,20887,297

111,36084,83296,2849628495,99089,85789,4478939786,84787,29787,39793,49092,63693,33995,09094,99094,820

111,981111,395110,820112,150111,360111,893128,832128,054

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,652

10,53114,80520,30422,67930,12737,05848,09766,658

88,012119,365153,016171,375201,532235,176273,304308,141324,479335,401333,006322,366329,970329,543329,533328,699328,269328,153328,699333,006333,006333,856326,727324,959326,622332,141331,666331,491312,391311,787312,282321,820322,366322,160313,214310,188

Average length

Years

5

4

3

3

2

2

3

3

4

455

6665

55

5

5

5

55

55

5

5

5

5

5

5

Months

15

8

11

8

11

790

11

6

11

990

01110843

65

5

3

44

32

2

3

2

3

3

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.

399


TABLE B-87.—Estimated ownership of public debt securities by private investors, 1976-96[Par values; Millions of dollars]

End of month

1976: JuneDec

1977- JuneDec

1978- JuneDec

1979: JuneDec

1980- JuneDec .....

1981-. JuneDec

1982: JuneDec

1983: JuneDec

1984- JuneDec

1985- JuneDec

1986- JuneDec

1987- JuneDec

1988- June . .Dec

1989- JuneDec

1990: JuneDec .

1991- JuneDec

1992- MarJuneSeptDec

1993- MarJuneSeptDec

1994- MarJuneSeptDec ::: :::.:


1996- MarJuneSept

Held by private investors

Total

376.4409.5421.0461.3477.8508.6516.6540.5

558.2616.4

651.2694.5740.9848.4

948.61,022.61,102.21,212.51,292.01,417.21,502.71,602.01,658.11,731.41,786.71,858.51,909.12,015.82,141.82,288.32,397.92,563.22,664.02,712.42,765.52,839.92,895.02,938.42,983.03,047.4

3,094.63,088.23,127.83,168.03,239.23,245.03,279.53,294.9

3,382.83,347.33,396.2

Com-mer-cial

banks2

92.5103.8

102.9102.099.695.3

94.695.6

98.5111.5115.0113.8114.7134.0167.4179.5180.6181.5195.6189.4194.4197.7192.5194.4190.8185.3178.4165.3177.3172.1196.2232.5255.9267.0287.5294.4310.2307.2313.9322.2344.4330.1313.2290.1307.7298.0289.0280.1

281.0285.0280.0

Nonbank investors

Total

283.9305.7

318.1359.3378.24133

422.0444.9459.7504.9536.2580.7626.2714.4

781.2843.1921.6

1.031.01,096.41,227.81,308.31,404.31,465.61,537.01,595.91,673.21,730.71,850.51,964.52,116.22,201.72,330.72,408.12.445.42,478.02.545.52,584.82,631.22,669.12,725.22,750.22,758.12,814.62,877.9

2,931.52,947.02,990.53,014.8

3,101.83,06233,116.2

Individuals3

Total

96.1101.6104.9107.8109.0114.0

115.5118.0

116.5117.1107.4110.8114.1116.5121.3133.4

142.2143.8148.7154.8159.5162.7165.6172.4

182.0190.4211.7216.4229.6233.8243.5263.9268.1275.1281.2289.2297.7303.0305.8309.9

315.1321.1327.2331.2

342.8344.2345.9347.7

347.2347.6354.0

Savingsbonds4

69.672.0

74.476.7

79.180.7

80.679.9

73.472.5

69.268.1

67.468.3

69.771.5

72.974.5

76.779.8

83.892.3

96.8101.1106.2109.6114.0117.7121.9126.2133.2138.1142.0145.4150.3157.3163.6166.5169.1171.9175.0177.1178.6180.5181.4182.6183.5185.0

185.8186.5186.8

Othersecuri-

ties

26.529.6

30.531.1

29.933.3

34.938.1

43.144.6

38.242.7

46.748.2

51.661.9

69.369.3

72.075.0

75.770.4

68.871.3

75.880.8

97.798.7

107.7107.6110.3125.8126.1129.7130.9131.9134.1136.4136.7137.9140.1144.0148.6150.7

161.4161.6162.4162.7

161.4161.1167.2

Insur-ance

compa-nies

10.712.7

13.015.1

14.215.3

16.015.6

15.318.1

19.921.6

24.430.6

37.846.0

51.264.5

69.180.5

87.9101.6104.7108.1113.5118.6120.6123.9133.7138.2156.8181.8188.4192.8194.8197.5208.0217.8229.4234.5233.4238.0243.7240.1245.7248.3249.8250.8

256.0258.0240.0

Moneymarketfunds

0.81.1.8.9

1.31.5

3.85.6

5.33.59.0

21.5

22.442.6

28.322.8

14.925.9

24.825.1

22.828.6

20.614.6

13.411.8

11.314.9

28.045.5

55.480.0

84.879.479.479.7

77.976.274.880.8

69.359.959.967.6

67.758.764.271.3

87.382.285.3

Corp-ora-

tions s

23.323.5

22.118.2

17.317.3

18.617.0

14.019.3

19.917.9

17.624.5

32.839.7

45.350.1

54.959.0

61.268.8

79.784.6

87.686.0

91.093.4

96.9108.9130.8150.8166.0175.0180.8192.5199.3206.1215.6213.0216.3226.3229.3226.5230.3227.7224.1228.8

229.0230.9249.1

Stateandlocal

govern-ments6

36.744.3

56.768.1

82.693.1

102.7100.2

100.1114.2128.1135.9157.9163.2184.3199.1222.2242.4279.4359.6405.7446.6492.7500.3506.0509.1481.9489.5538.7542.5561.8579.2594.8587.8578.9563.3578.9599.9603.5605.9600.9584.1534.8483.4

467.1433.9389.8352.2

336.8340.0300.0

Foreignand

interna-tional7

69.878.1

87.9109.6119.5133.1

114.9119.0118.2129.7

136.6136.6137.2149.5160.1166.3171.6205.9213.8224.8250.9263.4281.1299.7345.4362.2369.1429.6427.3458.4473.6491.7507.9529.6535.2549.7564.2567.7591.3622.9633.3633.1655.6688.6729.0784.1848.1861.8

930.3958.2

1,027.7

Otherinves-tors8

46.544.4

32.739.6

34.339.0

50.569.5

90.3103.0115.3136.4

152.6187.5216.6235.8274.1298.4305.7324.1

320.2332.6321.2357.3347.9395.1445.1482.8510.3588.9579.8583.3598.1605.8627.7673.5658.9660.5648.6658.3681.9695.7764.1840.5848.8850.1868.6902.2

915.2845.4860.1

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 nvestment companies majority owned by

foreign banks, and Edge Act corporations owned by domestically chartered banks, foreign banks, and banks in U.S. affiliated territories.3 Includes partnerships and personal trust accounts.< Includes U.S. savings notes. Sales began May 1. 1967, and were discontinued June 30, 1970.5 Exclusive of banks and insurance companies.6State and local government holdings (beginning 1979) include their fully defeased debt that is backed by U.S. Treasury securities. In-

cludes State and local pension funds.7 Consists of the investments of foreign and international accounts (both official and private) in U.S. public debt issues. Reflects 1978

benchmark through December 1984; December 1984 benchmark through 1989; and December 1989 benchmark thereafter.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 enterprises.

Source: Department of the Treasury.

400


CORPORATE PROFITS AND FINANCE

TABLE B-88.—Corporate profits with inventory valuation and capital consumption adjustments,1959-96


Year or quarter

1959

I960196119621963196419651966196719681969 . . . .

197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990-1

IIIIIIV

1991:1 . . . .IIIIIIV

1992:1II .IllIV

1993- 1||IllIV

1994:1HIII .IV

1995-1IIIllIV

1996- 1II . .Ill

Corporateprofits with

inventoryvaluation

and capitalconsumptionadjustments

50.248.849.857.763.570.480.986.383.690.387.575.788.8

102.2115.1103.7121.1147.0167.3191.6194.0167.1183.9159.2212.3268.2282.2271.0309.7357.2356.4369.5382.5401.4464.4529.5586.6369.3392.8350.4365.5393.7380.0376.8379.6417.3409.3351.3427.7427.4447.8469.6512.8459.7534.3553.1570.9560.0562.3612.5611.8645.1655.8661.2

Corporateprofits

taxliability

23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5

106.5127.1137.0141.3140.5133.4143.0163.8195.3218.7133.0141.2148.0139.7130.1132.3136.0135.2143.9150.9127.6149.7151.5162.6159.3181.7171.4192.8203.4213.5217.3214.2224.5218.7233.4236.4233.4

Corporate profits after tax with inventoryvaluation and capital consumption adjustments

Total

26.626.127.033.737.342.450.152.650.951.047.941.451.060.365.851.970.282.894.2

108.1106.082.3

102.896.1

135.1174.2185.7164.5182.6220.2215.1229.0249.1258.4300.6334.2368.0236.3251.6202.4225.9263.6247.7240.7244.4273.4258.3223.8278.0275.9285.2310.3331.1288.3341.5349.7357.3342.7348.1388.1393.1411.8419.4427.7

Dividends

12.713.414.015.016.118.020.220.922.124.625.223.723.725.828.130.430.135.940.846.052.559.369.569.880.883.292.8

110.2107.0116.8138.9151.9163.1169.5197.3211.0227.4150.7152.4152.4152.0158.6162.6165.9165.3162.1164.6170.9180.4190.2195.8200.2202.9204.4208.8212.5218.5221.7224.6228.5234.7239.9243.1245.2

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

13.912.713.018.721.224.429.931.728.926.322.617.727.334.537.621.540.147.053.462.053.523.033.326.354.391.092.954.275.7

103.376.277.286.088.9

103.3123.2140.685.699.250.073.8

105.085.174.979.1

111.393.752.997.785.789.4

110.1128.283.9

132.7137.2138.8121.0123.5159.6158.4171.8176.3182.5

Source.- Department of Commerce, Bureau of Economic Analysis.

401


TABLE B-89.—Corporate profits by industry, 1959-96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993 .199419951990:1

IIIllIV

1991-1 .IIIllIV

1992:1||IllIV

1993:1||IllIV

1994:1||IllIV

1995:1IIIllIV

1996:1IIIII

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Total

53.151.051.356.461.267.577.683.080.386.983.271.885.597.9

110.9103.4129.4158.9186.8213.1220.2198.3204.1166.8203.7238.5230.5234.0272.9325.0330.6358.2378.2398.9457.7517.9570.8353.4381.1341.9356.5388.3375.5373.8375.2411.4404.3359.4420.5422.4442.0465.9500.5471.6516.2534.3549.6542.6547.3597.9595.3624.8633.5637.6

Domestic industries

Total

50.447.848.052.657.163.072.978.575.581.376.664.777.788.496.085.9

114.8142.3167.7190.2185.6162.9174.4139.4173.1205.8197.1199.3231.3274.3272.6292.5309.5334.0388.1453.7494.1289.7316.2281.5282.5313.2309.2311.9303.6341.7337.6295.6361.2347.0375.7393.1436.8407.0452.4469.9485.5467.5468.2527.1513.7541.6555.1561.0

Financial1

Total

7.07.77.57.67.37.57.99.29.5

10.911.613.115.216.417.516.215.919.925.731.831.624.318.715.624.820.529.036.437.143.053.168.687.483.791.094.4

119.163.169.471.570.582.287.592.287.6

105.196.949.783.185.788.188.8

101.364.997.8

108.4106.4114.3112.6130.4119.3134.9136.6135.0

FederalReservebanks

0.7.9.8

141.11.31.72.02.53.13.53.33.34.55.75.65.96.17.69.4

11.814.415.214.616.416.315.515.717.620.221.420.317.816.117.821.920.621.222.221.421.020.220.119.718.818.417.316.716.516.115.915.916.116.918.119.821.522.321.921.721.521.721.6

Other

6.36.76.86.86.46.46.57.57.68.48.59.6

11.913.113.010.510.314.019.624.122.212.64.3

.410.24.1

12.620.921.425.432.947.267.165.974.976.697.342.548.249.249.061.267.372.067.986.378.532.466.469.272.072.985.548.880.990.386.692.790.3

108.597.6

113.4114.9113.4

Nonf inanc ia l

Total

43.440.240.445.049.855.565.069.366.070.465.051.662.572.078.569.798.9

122.4142.0158.4153.9138.5155.7123.8148.3185.3168.1162.9194.2231.2219.6223.8222.1250.3297.2359.3375.0226.5246.7210.0212.1230.9221.7219.8216.1236.6240.7245.9278.1261.2287.6304.3335.4342.1354.6361.5379.0353.2355.6396.7394.4406.7418.5426.1

Manu-fac-

turing2

26.523.823.426.329.632.439.742.439.041.737.027.134.841.446.740.754.570.778.589.688.375.887.563.472.886.681.660.285.0

115.1109.3112.392.796.3

109.7142.7145.7115.9125.199.8

108.4104.391.790.883.892.089.698.4

105.190.4

108.4106.0134.0145.3134.2142.8148.4134.7137.8153.2157.3161.3164.7170.6

Trans-porta-tionand

publicutilities

7.17.57.98.59.5

10.211.011.910.911.010.68.28.99.49.07.6

10.915.318.521716.918.320.120.929.739.734.338.141.748.742.643.253.957.870.681.394.842.148.746.835.352.355.653.554.561.257.454.358.368.566.473.674.073.381.381.689.088.592.5

102.395.895.6

104.5102.5

Whole-sale

trade

2.82.52.52.82.83.43.83.94.04.54.84.35.16.88.0

11.313.612.715.415.418.516.721.919.018.727.820.622.916.719.320.417.220.623.025.534.529.618.919.013.916.921.022.921.417.014.621.827.428.317.928.627.028.728.839.534.335.429.726.431.231.237.532.834.5

Retailtrade

3.32.83.03.43.64.54.94.85.66.46.46.07.27.46.62.38.2

10.512.412.39.86.19.8

13.118.721.522.523.723.919.620.720.626.132.239.242.238.719.922.717.022.825.323.826.528.632.034.325.237.336.338.142.439.838.343.243.743.636.036.642.539.641.744.344.5

Other

3.63.63.63.94.4515.66.26.46.86.25.96.67.18.27.7

11.613.317.119.420.521.616.37.48.49.89.1

18.026.928.526.630.628.941.052.158.666.229.831.332.528.628.127.827.532.236.837.540.649.348.246.255.259.056.356.559.062.564.362.367.570.570.672.273.9

Restof theworld

2.73.13.33.84.14.54.74.54.85.66.67.17.99.5

14.917.514.616.519.122.934.635.529.727.430.632.733.434.641.650.758.065.768.764.969.664.376.763.764.960.473.975.266.261.971.569.766.763.959.375.466.372.863.764.663.864.464.275.179.170.881.783.278.476.6

1 Consists of the following industries: Depository institutions; nondepository credit institutions; security and commodity brokers; insurancecarriers; regulated investment companies; small business investment companies-, and real estate investment trusts.2 See Table B-90 for industry detail.

Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning 1987,and on the 1972 SIC for earlier years shown.


402


TABLE B-90.—Corporate profits of manufacturing industries, 1959-96


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951990:1

IIIll ....IV ....

1991:1IIIll ....IV ....

1992:1I IIll ....IV ....

1993:1IIIll ....IV ....

1994:1IIIll ....IV ....

1995:1IIIll ....IV ....

1996:1IIIll ....

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Totalmanufac-

turing

26.523.823.426.329.632.439.742.439.041.737.027.134.841.446.740.754.570.778.589.688.375.887.563.472.886.681.660.285.0

115.1109.3112.392.796.3

109.7142.7145.7115.9125.199.8

108.4104.391.790.883.892.089.698.4

105.190.4

108.4106.0134.0145.3134.2142.8148.4134.7137.8153.2157.3161.3164.7170.6

Durable goods

Total

13.711.711.414.116.418.023.223.921.222.419.010.416.622.625.015.120.331.237.645.036.517.918.14.9

18.636.730.128.640.149.249.340.930.537.154.277.277.248.944.642.327.922.635.332.231.933.435.337.242.636.952.455.472.176.075.175.681.875.874.078.180.889.592.494.6

Pri-marymetalindus-tries

2.32.01.61.62.02.53.13.62.71.91.4.8.8

1.62.35.02.72.11.03.63.52.63.0

-4.7-5.0-.5-.8

.92.75.96.03.31.3-.1

.2

.73.05.63.71.52.61.71.51.11.0.5.3

-.5-.8

-1.21.4-.51.3.6.9.8.4

2.24.72.52.72.31.43.2

Fabri-catedmetalprod-ucts

1.1.8

1.01.21.31.42.12.42.52.32.01.11.52.22.61.83.23.94.55.05.24.34.42.63.04.64.75.25.46.36.56.25.46.57.7

10.711.17.66.55.65.03.66.25.66.16.26.47.26.45.37.88.19.5

10.910.610.211.110.211.510.712.213.914.416.0

Indus-trial

machin-ery andequip-ment11X111

2.21.81.92.42.53.34.04.54.14.13.73.03.04.34.73.14.86.78.3

10.49.17.58.23.43.75.55.52.74.79.4

11.110.24.35.67.09.0

12.112.410.410.07.95.45.02.05.04.75.46.06.43.87.19.17.98.79.18.0

10.112.512.112.511.114.313.613.0

Elec-tronicand

otherelectricequip-ment

1.71.31.31.51.61.72.73.03.02.92.31.31.92.83.2

.52.63.85.86.65.45.04.91.33.45.12.52.76.55.79.58.48.9

10.014.822.525.610.39.58.55.47.49.98.69.79.88.59.7

11.812.611.915.918.818.921.223.826.123.222.427.329.527.127.429.2

Motorvehicles

andequip-ment

3.03.02.54.04.94.66.25.14.05.54.81.35.15.95.9

.72.27.49.38.94.6

-4.3.2

-.35.28.97.34.43.85.72.2

-2.2-5.4-1.1

4.210.24.4

-4.0.0

1.9-6.6-9.6-5.2-2.3-4.7-2.0-.2

-2.8.4

-.44.22.3

10.714.29.58.58.66.73.04.43.68.1

10.610.2

Other

3.52.83.13.54.04.55.25.35.05.74.93.04.25.76.34.14.87.48.6

10.58.62.8

-2.72.78.3

13.010.812.717.016.213.915.016.016.220.324.120.917.014.614.813.714.118.017.114.814.214.817.618.416.920.120.523.822.723.824.325.521.020.420.621.723.825.023.0

Nondurable goods

Total

12.812.112.012.213.214.416.418.417.819.218.016.818.218.821.725.734.139.541.044.651.857.869.458.554.249.951.631.745.065.960.071.462.159.155.565.568.567.080.557.580.581.756.358.651.958.654.361.262.453.556.050.761.969.359.167.166.758.863.875.076.571.872.376.1

Foodand

kindredprod-ucts

2.52.22.42.42.72.72.83.33.23.23.03.23.52.92.52.68.67.16.86.15.86.09.07.36.16.58.67.3

11.311.911.014.518.218.316.219.117.79.5

14.916.117.517.717.621.516.115.920.220.017.218.815.216.014.619.518.019.719.418.318.416.817.515.713.218.3

Chem-icalsand

alliedprod-ucts

3.53.13.33.23.74.14.64.94.35.24.63.94.55.26.15.26.38.27.78.27.15.57.64.76.97.76.18.0

15.119.319.017.015.716.516.418.020.918.120.217.012.612.914.517.018.517.115.216.217.317.515.315.317.517.618.517.019.016.821.323.622.120.721.923.0

Petro-leumandcoalprod-ucts

2.62.62.22.22.22.32.93.43.93.73.33.63.73.25.2

10.79.8

13.312.915.524.533.638.631.622.516.117.3-5.8-3.810.45.0

17.05.9

-1.6-2.2-.1

.815.721.3-.3

31.432.4

1.7-6.1-4.5

1.8-6.9-1.8

.4-8.7-1.6-2.6

4.2.5

-8.23.34.2

-2.3-.25.2.3

-4.51.3

-1.2

Other

4.34.24.24.44.75.36.16.86.47.07.06.16.57.57.97.29.4

11.013.614.814.612.914.214.918.619.619.622.122.424.325.022.922.326.025.128.429.123.724.224.719.018.722.526.321.923.825.826.827.625.927.121.925.631.730.827.124.226.024.329.436.639.935.935.9

Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning 1987and on the 1972 SIC for earlier years shown. In the 1972 SIC, the categories shown here as "industrial machinery and equipment" and"electronic and other electric equipment" were identified as "machinery, except electrical" and "electric and electronic equipment," respec-tively.


403


TABLE B-91.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1952-96


Year orquarter

19521953195419551956195719581959I9601961196219631964 . . .1965196619671968196919701971197219731973: IVNew series:1973: IV1974197519761977197819791980198119821983198419851986198719881989199019911992 3

1993199419951994:1

IIIIIIV

1995-.IIIIllIV

1996:1IIIll

All manufacturing corporations

Sales(net)

250.2265.9248.5278.4307.3320.0305.3338.0345.7356.4389.4412.7443.1492.2554.2575.4631.9694.6708.8751.1849.5

1,017.2275.1

236.61,060.61,065.21,203.21,328.11,496.41,741.81,912.82,144.72,039.42,114.32,335.02,331.42,220.92,378.22,596.22,745.12,810.72,761.12,890.23,015.13,255.83,524.9

758.0819.7823.2854.9843.0889.0881.2911.6881.5941.4940.4

Profits

Beforeincometaxes1

22.924.420.928.629.828.222.729.727.527.531.934.939.646.551.847.855.458.148.152.963.281.421.4

20.692.179.9

104.9115.1132.5154.2145.8158.6108.2133.1165.6137.0129.3173.0216.1188.8159.699.832.5

118.6245.3276.6

50.265.165.664.473.479.570.852.970.186.284.6

Afterincometaxes

10.711.311.215.116.215.412.716.315.215.317.719.523.227.530.929.032.133.228.631.036.548.113.0

13.258.749.164.570.481.198.792.6

101.370.985.8

107.687.683.1

115.6154.61363111.667.523.283.9

176.6200.135.547.046.947.352.557.650.739.351.163.063.1

Stock-holders'equity*

103.7108.2113.1120.1131.6141.1147.4157.1165.4172.6181.4189.7199.8211.7230.3247.6265.9289.9306.8320.8343.4374.1386.4

368.0395.0423.4462.7496.7540.5600.5668.1743.4770.2812.8864.2866.2874.7900.9957.6999.0

1.043.81,064.11,034.71.039.71.110.11,240.11.072.81.094.31.120.41.153.01.194.61,234.8U54.71,276.11,295.71,325.71,354.8

Durable goods industries

Sales(net)

122.0137.9122.8142.1159.5166.0148.6169.4173.9175.2195.3209.0226.3257.0291.7300.6335.5366.5363.1381.8435.8527.3140.1

122.7529.0521.1589.6657.3760.7865.7889.1979.5913.1973.5

1.107.61,142.61.125.51.178.01,284.71,356.61,357.21,304.01,389.81,490.21,657.61,803.9

384.1421.0412.9439.6431.6457.6445.9468.8451.6485.4476.1

Profits

Beforeincometaxes1

12.914.011.416.516.515.811.415.814.013.616.818.521.226.229.225.730.631.523.026.533.643.610.8

10.141.135.350.757.969.672.457.467.234.748.775.561.552.178.091.775.257.614.1

-33.539.0

121.6131.323.336.630.830.936.339.529.226.331.742.437.2

Afterincometaxes

5.55.85.68.18.37.95.88.17.06.98.69.5

11.614.516.414616.516.912.914.518.424.86.3

6.224.721.430.834.841.845.235.641.621.730.048.938.632.653.067.155.740.9

7.4-23.7

27.687.694.816.326.722.422.226.129.220.818.622.530.727.2

Stock-holders'equity2

49.852.454.958.865.270.572.877.982.384.989.193.398.5

105.4115.2125.0135.6147.6155.1160.4171.4188.7194.7

185.8196.0208.1224.3239.9262.6292.5317.7350.4355.5372.4395.6420.9436.3444.3468.7501.3515.0506.8473.9482.7533.3613.3504.0522.9541.7564.7588.8616.4619.0628.9638.0654.5669.1

Nondurable goods industries

Sales(net)

128.0128.0125.7136.3147.8154.1156.7168.5171.8181.2194.1203.6216.8235.2262.4274.8296.4328.1345.7369.3413.7489.9135.0

113.9531.6544.1613.7670.8735.7876.1

1,023.71,165.21,126.41,140.81,227.51,188.81,095.41,200.31,311.51,388.51,453.51,457.11,500.41,524.91,598.21,721.0

373.9398.7410.3415.3411.5431.4435.3442.8429.9456.0464.3

Profits

Beforeincometaxes1

10.010.49.6

12.113.212.411.313.913.513.915.116.418.320.322.622.024.826.625.226.529.637.810.6

10.551.044.654.357.262.981.888.491.373.684.490.075.677.295.1

124.4113.5102.085.766.079.6

123.7145.326.928.534.833.637.140.041.526.638.543.847.3

Afterincometaxes

5.25.55.67.07.87.56.98.38.28.59.2

10.011.613.014.614.415.516.415.716.518.023.3

6.7

7.034.127.733.735.539.353.556.959.649.355.858.849.150.562.687.580.670.660.147.056.489.1

105.319.220.324.525.126.428.429.920.728.632.235.9

Stock-holders'equity2

53.955.758.261.366.470.674.679.283.187.792.396.3

101.3106.3115.1122.6130.3142.3151.7160.5172.0185.4191.7

182.1199.0215.3238.4256.8277.9308.0350.4393.0414.7440.4468.5445.3438.4456.6488.9497.7528.9557.4560.8557.1576.8626.8568.8571.4578.6588.3605.8618.4635.8647.2657.7671.3685.7

1 In the old series, "income taxes" refers to Federalnew series, no income taxes have been deducted.

taxes only, as State and local income taxes had already been deducted. In the2 Annual data are average equity for the year (using four end-of-quarter figures).3 Data for 1992 (most significantly 1992:1) reflect the early adoption of Financial Accounting Standards Board Statement 106 (Employer's

Accounting for Post-Retirement Benefits Other Than Pensions) by a large number of companies during the fourth quarter of 1992. Data for1993:1 also reflect adoption of Statement 106. Corporations must show the cumulative effect of a change in accounting principle in the firstquarter of the year in which the change is adopted.

Note.—Data are not necessarily comparable from one period to another due to changes in accounting principles, industry classifications,sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report for Manufacturing,Mining, and Trade Corporations," Department of Commerce, Bureau of the Census.

Source: Department of Commerce, Bureau of the Census.

404


TABLE B—92.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturing

corporations, 1947-96

Year or quarter

1947194819491950195119521953195419551956195719581959I96019611962196319641965196619671968196919701971 . . ..19721973 . . .1973: IVNew series:1973 IV1974197519761977197819791980198119821983198419851986198719881989199019911992 2

1993199419951994 1

IIIIIIV

1995:1III l lIV

1996-1I IIll

Ratio of profits after income taxes (annualrate) to stockholders' equity— percent '

Allmanufacturingcorporations

15.616.011.615.412.110.310.59.9

12.612.310.98.6

10.49.28.99.8

10.311.613.013.411.712.111.59.39.7

10.612.813.4

14.314.911.613.914.215.016.413.913.69.2

10.612.510.19.5

12.816.113.610.76.32.28.1

15.916.113.217.216.716.417.618.616.212.315.819.018.6

Durablegoods

industries

14.415.712.116.913.011.111.110.313.812.811.38.0

10.48.58.19.6

10.111.713.814.211.712.211.48.39.0

10.813.112.9

13.312.610.313.714.516.015.411.211.96.18.1

12.49.27.5

11.914.311.18.01.5

-5.05.7

16.415.512.920.416.615.717.718.913.511.914.118.816.3

Nondurablegoods

industries

16.616.211.214.111.29.79.99.6

11.411.810.69.2

10.49.89.69.9

10.411.512.212.711.811.911.510.310.310.512.614.0

15.317.112.914.213.814.217.416.315.211.912.712.511.011.513.717.916.213.410.88.4

10.115.416.813.514.216.917.117.418.418.812.817.419.221.0

Profits after income taxes per dollar ofsates— cents

Allmanufacturingcorporations

6.77.05.87.14.94.34.34.55.45.34.84.24.84.44.34.54.75.25.65.65.05.14.84.04.14.34.74.7

5.65.54.65.45.35.45.74.84.73.54.14.63.83.74.96.05.04.02.4.8

2.85.45.74.75.75.75.56.26.55.84.35.86.76.7

Durablegoods

industries

6.77.16.47.75.34.54.24.65.75.24.83.94.84.03.94.44.55.15.75.64.84.94.63.53.84.24.74.5

5.04.74.15.25.35.55.24.04.22.43.14.43.42.94.55.24.13.0

.6-1.7

1.95.35.34.26.35.45.06.16.44.74.05.06.35.7

Nondurablegoods

industries

6.76.85.46.54.54.14.34.45.15.34.94.44.94.84.74.74.95.45.55.65.35.25.04.54.54.44.85.0

6.16.45.15.55.35.36.15.65.14.44.94.84.14.65.26.75.84.94.13.13.75.66.15.15.16.06.06.46.66.94.76.77.17.7

1 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end of quarter

'See footnote 3, Table B-91.Note.—Based on data in millions of dollars.See Note, Table B-91.Source: Department of Commerce, Bureau of the Census.

405


TABLE B-93.—Common stock prices and yields, 1955-96

Year or month

1955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961995:Jan

FebMarAprMayJuneJulyAugSeptOct .NovDec

1996:JanFebMar

ftJuneJulyAugSeptOct .N o v . . .Dec

Common stock prices '

New York Stock Exchange indexes(Dec. 31,1965=50)2

Composite

21.5424.4023.6724.5630.7330.0135.3733.4937.5143.7647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.3268.1074.0268.9392.6392.46

108.09136.00161.70149.91180.02183.46206.33229.01249.58254.12291.15358.17253.56261.86266.81274.37281.81289.52298.18300.05310.41311.78317.58327.90329.22346.46346.73347.50354.84358.32345.52354.59360.96373.54388.75391.61

Industrial

46.1851.9758.0057.4448.0357.9265.7363.0848.0850.5260.4457.8658.2364.7678.7085.4478.18

107.45108.01123.79155.85195.31180.95216.23225.78258.14284.62299.99315.25367.34453.98319.93328.98337.96347.69357.01366.75379.13379.79390.42389.63398.66412.11412.71435.92439.56441.99452.63458.30438.58449.41459.69473.98490.60494.38

Transpor-tation

50.2653.5150.5846.9632.1444.3550.1737.7431.8931.1039.5741.0943.5047.3460.6172.6160.4189.3685.63

104.11119.87140.39134.12175.28158.62173.99201.09242.49247.29269.41327.33230.25237.29244.45254.36254.69256.80279.15285.63295.54291.16300.06303.53300.30315.29324.76326.42334.66331.57316.66321.61323.12332.93348.32352.28

Utility3

90.8190.8688.3885.6074.4779.0576.9575.3859.5863.0073.9481.8478.4476.4174.6977.8179.4993.9992.89

113.49142.72148.59143.53174.87181.20185.32198.91228.90209.06220.30249.77201.16207.73204.16208.93211.58216.27219.18221.99229.64236.43238.98247.59254.07257.80245.77244.87249.73247.20245.31244.74242.25249.61258.85257.09

Finance

44"4549.8265.8570.4960.0070.3878.3570.1249.6747.1452.9455.2556.6561.4264.2573.5271.9995.3489.28

114.21147.20146.48127.26151.88133.26150.82179.26216.42209.73238.45303.89201.05211.76213.29219.38228.55236.26240.50245.27260.72265.12266.12273.36273.73290.97290.45287.92290.43294.42287.89302.95308.16324.42345.30350.01

DowJones

industrialaverage 2

442.72493.01475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72753.19884.7695071923.88759.37802.49974.92894.63820.23844.40891.41932.92884.36

1,190.341,178.481,328.231,792.762,275.992,060.822,508.912,678.942,929.333,284.293,522.063,793.774,493.765,742.893,872.463,953.724,062.784,230.664,391.574,510.764,684.764,639.274,746.764,760.464,935.815,136.105,179.375,518.735,612.245,579.865,616.715,671.515,496.265,685.505,804.015,996.216,318.366,435.87

Standard& Poor's

compositeindex

(1941-43=10)2

40.4946.6244.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.2298.29

109.20107.4382.8586.16

102.0198.2096.02

103.01118.78128.05119.71160.41160.46186.84236.34286.83265.79322.84334.59376.18415.74451.41460.33541.64670.83465.25481.92493.15507.91523.81539.35557.37559.11578.77582.92595.53614.57614.42649.54647.07647.17661.23668.50644.07662.68674.88701.46735.67743.25

Common stock yields(S&P)(percent)4

Dividend-price

ratio 5

4.084.094.353.973.233.472.983.373.173.013.003.403.203.073.243.833.142.843.064.474.313.774.625.285.475.265.205.814.404.644.253.493.083.643.453.613.242.992.782.822.562.192.872.812.762.682.602.552.502.492.422.412.372.302.312.222.222.242.212.212.282.222.202.112.012.01

Earnings-price

ratio*

7.957.557.896.235.785.904.625.825.505.325.596.635.735.676.086.455.415.507.12

11.599.158.90

10.7912.0313.4612.6611.9611.608.03

10.028.126.095.488.017.426.474.794.224.465.836.09

6.50

6"32

6.02

5.51

5.27

5.21

5.25

1 Averages of daily closing prices, except NYSE data through May 1964 are averages of weekly closing prices.2 Includes stocks as follows: for NYSE, all stocks listed (more than 2,000); for Dow-Jones industrial average, 30 stocks; and for S&P com-posite index, 500 stocks.

Effective April 1993, the NYSE doubled the value of the utility index to facilitate trading of options and futures on the index. Annualindexes prior to 1993 reflect the doubling.4 Based on 500 stocks in the S&P composite index.5 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.6 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 data are averages of quarterly ratios.

Note.—All data relate to stocks listed on the New York Stock Exchange.Sources: New York Stock Exchange (NYSE), Dow Jones & Co., Inc., and Standard & Poor's Corporation (S&P).

406


TABLE B-94.—Business formation and business failures, 1955-96

Year or month

1955195619571958195919601961 .19621963196419651966196719681969 !....!'.!...!!.'.197019711972 '.'....',19731974 !....!"...'"1975197619771978197919801981 .!...'....'."1982198319841985198619871988 .. ..198919901991199219931994 ...19951996

1995: JanFebMarAprMayJuneJulyAugSeptOctNovDec

1996: JanFebMar

&•::::::June{uiyAuesel:::::::::OctNovDec

Indexof net

businessformation(1967=

100)

96.694.690.390.297.994.590.892.694.498.299.899.3

100.0108.3115.8108.8111.1119.3119.1113.2109.9120.4130.8138.1138.3129.9124.8116.4117.5121.3120.9120.4121.2124.1124.8120.7115.2116.3121.1125.5

(3)(3)

Newbusinessincorpo-rations

(number)

139,915141,163137,112150,781193,067182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565533,520581,242566,942600,420634,991664,235702,738685,572685,095676,565647,366628,604666,800706,537741,249767,996

Seasonally adjusted

(3)(3)

fl8(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)

8(3)WW(3)

66,23664,56665,29257,83965,42263,49359,94669,17461,75967,14665,99261,14269,51569,70960,55667,45468,26961,60273,208

Business failures1

Businessfailurerate2

41.648.051.755.951.857.064.460.856.353.253.351.649.038.637.343.841.738.336.438.442.634.828.423.927.842.161.388.4

109.7107.0115.0120.0102.098.065.074.0

107.0110.0109.086.090.0

— ™

::::

Number offailures

Total

10,96912,68613,73914,96414,05315,44517,07515,78214,37413,50113,51413,06112,3649,6369,154

10,74810,3269,5669,3459,915

11,4329,6287,9196,6197,564

11,74216,79424,90831,33452,07857,25361,61661,11157,09750,36160,74788,14097,06986,13371,55871,12871,811

6,2995,6636,6865,5916,4085,9134,6806,3385,4296,5496,0765,4966,0435,5526,6316,7067,2346,2794,5474,95447556,4956,2226,393

Liability size class

Under$100,000

10,11311,61512,54713,49912,70713,65015,00613,77212,19211,34611,34010,83310,1447,8297,1928,0197,6117,0406,6276,7337,5046,1764,8613,7123,9305,6828,233

11,50915,57233,52736,55138,90838,9493830033,31240,83360,61768,26461,18850,81449,49549,547

4,5174,0354,7143,8434,3764,0603,1864,3723,7494,6374,2743,7324,2193,8884,5624,6174,9514,3313,1703,3333,3654,4564,2784,377

$100,000and over

8561,0711,1921,4651,3461,7952,0692,0102,1822,1552,1742,2282,2201,8071,9622,7292,7152,5262,7183,1823,9283,4523,0582,9073,6346,0608,561

13,39915,76218,55120,70222,70822,16218,79717,04919,91427,52328,80524,94520,74421,63322,264

1,7821,6281,9721,7482,0321,8531,4941,9661,6801,9121,8021,7641,8241,6642,0692,0892,2831,9481,3771,6211,3902,0391,9442,016

Amount of current liabilities(millions of dollars)

Total

449.4562.7615.3728.3692.8938.6

1,090.11,213.61,352.61,329.21,321.71,385.71,265.2

941.01,142.11,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.44,635.16,955.2

15,610.816,072.929,268.636,937.444,724.034,723.839,573.042,328.856,130.196,825.394,317.547,755.528,977.937,283.634,021.1

2,237.41,253.91,943.81,725.62,842.61,302.92,268.02,187.82,685.8

14,763.61,982.62,089.54,302.92,067.01,683.93,199.92,568.31,646.84,793.21,221.22,903.12,097.21,395.76,142.0

Liability size class

Under$100,000

206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9272.5405.8541.7635.1409.8423.9838.3746.0686.9670.5735.6

1,044.91,096.7

947.6845.0866.1913.1

69.167.280.370.381.976.058.479.367.279.073.164.466.865.381.190.488.980.448.773.654.392.787.783.3

$100,000and over

243.0322.9348.2430.7413.9611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699.9910.8

1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.54,362.66,549.3

15,069.115,437.828,858.836,513.543,885.733,977.838,886.141,658.255,394.595.780.493,220.846,807.928,132.936,417.433,108.0

2,168.31,186.71,863.51,655.32,760.71,226.92,209.62,108.62,618.7

14,684.61,909.52,025.14,236.12,001.71,602.73,109.62,479.31,566.54,744.51,147.72,848.82,004.51,308.06,058.7

1 Commercial and industrial failures only through 1983, excluding failures of banks, railroads, real estate, insurance, holding, and financialcompanies, steamship lines, travel agencies, etc.

Data beginning 1984 are based on expanded coverage and new methodology and are therefore not generally comparable with earlier data.Data for 1996 are subject to revision due to amended court filings.2 Failure rate per 10,000 listed enterprises.'Series discontinued in 1995.Sources: Department of Commerce (Bureau of Economic Analysis) and The Dun & Bradstreet Corporation.

407


AGRICULTURE

TABLE B-95.—Farm income, 1945-96


Year or quarter

194519461947 .194819491950195119521953195419551956195719581959I9601961 .196219631964196519661967 . .196819691970197119721973 . . .197419751976197719781979198019811982 .19831984198519861987 .-.198819891990199119921993199419951994:1

IIIllIV

1995:1IIIllIV .

1996- \f\\P . .

Income of farm operators from farming

Gross farm income

Total1

25.429.632.436.530.833.138.337.834.434.233.534.034.839.037.938.640.542.343.442.346.550.550.551.856.458.862.171.198.998.2

100.6102.9108.8128.4150.7149.3166.3164.1153.9168.0161.2156.1168.4177.9191.9198.2191.9200.6204.2215.8210.4221.2208.6214.1219.4208.3206.4218.5208.4233.1245.4

Cash marketing receipts

Total

21.724.829.630.227.828.532.932.531.029.829.530.429.733.533.634.035.236.537.537.339.443.442.844.248.250.552.761.186.992.488.995.496.2

112.4131.5139.7141.6142.6136.8142.8144.1135.4141.8151.2160.8169.5167.9171.3177.6180.8185.8179.9170.8186.9185.5180.6181.0199.8181.5193.5209.5

Livestockand

products

12.013.816.517.115.416.119.618.216.916.316.016.417.419.218.919.019.520.220.019.921.925.024.425.528.629.530.535.645.841.343.146.347.659.269.268.069.270.369.672.969.871.676.079.683.989.285.885.690.288.186.892.182.997.779.983.281.696.186.585.389.7

Crops

9.711.013.113.112.412.413.214.314.113.613.514.012.314.214.715.015.716.317.417.417.518.418.418.719.621.022.325.541.151.145.849.048.653.262.371.772.572.367.269.974.363.865.871.676.980.382.185.787.592.698.987.988.089.2

105.597.499.4

103.795.1

108.2119.8

Value ofinventorychanges*

-0.4.0

-1.81.7-.9

.81.2

.9-.6

'.2

!s.0.4.3.6.6

-.81.0

~.'7

!l.0

1.4.9

3.4-1.6

3.4-1.5

1.11.95.0

-6.36.5

-1.4-10.9

6.0-2.3-2.2-2.3-4.1

3.83.3

4^2-4.5

8.2-3.410.29.67.35.8

-4.1-3.9-3.0-2.4

6.46.1

Produc-tion

expenses

13.114.517.018.818.019.522.322.821.521.822.222.723.725.827.227.428.630.331.631.833.636.538.239.542.144.547.151.764.671.075.082.788.9

103.2123.3133.1139.4140.3139.6142.0132.6125.2131.0139.9146.7153.4153.3152.5160.5167.4175.6164.5166.8168.8169.6172.4175.4177.5177.0178.4185.6

Net farmincome

12.315.115.417.712.813.615.915.013.012.411.311.311.113.210.711.212.012.111.810.512.914.012.312.314.314.415.019.534.427.325.520.219.925.227.416.126.923.814.226.028.630.937.438.045.344.838.548.043.648.434.856.741.845.349.835.930.941.031.454.759.8

1 Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney income furnished byfarms.2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.

Note.—Data include net Commodity Credit Corporation loans and operator households.Source-. Department of Agriculture, Economic Research Service.

408


TABLE B-96.—Farm business balance sheet, 79.50-9.5


End of year

1950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974 7

19751976197719781979198019811982198319841985198619871988198919901991 . .1992199319941995

Assets

Totalassets

121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0174.3181.6188.9196.7204.2

220.8234.0245.9257.1267.8278.9301.7339.9418.4449.1510.7590.7651.5767.3898.1981.5980.7942.8941.7855.2771.0723.6754.7786.3812.4839.9843.5868.9904.6938.1978.0

Physical assets

Realestate

75.483.885.184.387.893.0

100.3106.4114.6121.2123.3129.1134.6142.4150.5161.5171.2180.9189.4195.3202.4217.6243.0298.3335.6

383.6456.5509.3601.8706.1782.8785.6750.0753.4661.8586.2542.3563.5582.7600.8620.0625.5642.8674.0706.9755.7

Nonreal estate

Live-stockand

poul-try*

17.119.514.811.711.210.611.013.917.715.215.616.417.315.914.417.619.018.820.222.823.727.333.742.424.629.429.031.950.161.460.653.553.049.549.546.347.858.062.266.270.968.171.072.867.958.1

Machin-ery andmotor

vehicles

12.314.315.015.615.716.316.917.018.119.319.119.319.920.421.222.424.126.327.728.630.432.434.639.748.557.463.369.368.575.480.385.586.085.885.082.981.978.781.084.186.385.985.586.787.986.9

Crops2

7.18.27.96.87.56.56.86.46.96.26.36.56,57.47.07.98.17.97.48.38.79.9

12.921.322.520.520.620.423.829.931.127.924.022.024.321.215.116.221.621.921.520.722.720.422.525.1

Pur-chased

in-puts'

••"••••"•

:::::::::::

2"01.22.13.23.52.62.82.73.94.25.03.4

Financial assets

Invest-ments

incooper-atives

2.72.93.23.33.53.74.04.24.54.84.24.54.65.05.25.45.75.86.16.47.27.98.79.7

11.213.014.313.516.118.119.320.621.922.824.324.324.425.325.126.327.528.729.431.332.433.9

Other4

7.07.37.17.06.96.96.76.66.96.25.85.95.95.75.86.06.06.16.36.46.56.76.97.16.96.96.97.07.17.37.47.67.88.18.39.0

10.09.9

10.410.510.911.813.615.315.514.9

Claims

Totalclaims

121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0174.3181.6188.9196.7204.2

220.8234.0245.9257.1267.8278.9301.7339.9418.4449.1510.7590.7651.5767.3898.1981.5980.7942.8941.7855.2

771.0723.6754.7786.3812.4839.9843.5868.9904.6938.1978.0

Realestatedebt*

5.25.76.26.67.17.88.59.09.7

10.611.312.313.515.016.918.920.722.624.726.427.529.332.036.140.845.350.558.466.779.789.798.8

101.8103.2106.7100.190.482.477.876.074.774.975.476.077.779.3

Non-real

estatedebt6

5.76.97.16.36.77.37.48.29.4

10.711.111.813.214.615.316.918.519.619.220.021.224.026.731.635.139.745.652.460.771.877.183.687.087.987.177.566.662.061.761.963.264.363.665.969.171.5

Propri-etors'equity

110.7123.7119.7115.7118.9121.9129.8137.3149.7151.7151.9157.5162.2167.1172.0185.0194.8203.7213.2221.4230.1248.5281.2350.8373.3425.7494.6540.6639.9746.6814.7798.3754.0750.6661.4593.4566.6610.3646.7674.5701.9704.3729.9762.6791.3827.2

1 Excludes commercial broilers; excludes horses and mutes beginning 1959; excludes turkeys beginning 1986.2 Non-Commodity Credit Corporation (CCC) crops held on farms plus value above loan rate for crops held under CCC.3 Includes fertilizer, chemicals, fuels, parts, feed, seed, and other supplies.4 Currency and demand deposits.s Includes CCC storage and drying facilities loans.6 Does not include CCC crop loans.7 Beginning 1974, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.Note.—Data exclude operator households.Beginning 1959, data include Alaska and Hawaii.Source: Department of Agriculture, Economic Research Service.

409


TABLE B-97.—Farm output and productivity indexes, 1948-94

[1992=100]

Year

194819491950195119521953195419551956195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986 . .19871988198919901991199219931994

Farmoutput

Total1

444444464748485050505254555656585859596162636367687066717276778279868776868987888289949410094105

Livestockandprod-ucts

4952545758596162636364666669697173717274757578798080797579808082858786888789909194949598100101105

Crops

Total2

424038404142414242424646484849514952515455575561616559686773768375878768858984857586929110089106

Feedcrops

47434442444345474651545457535456525958646264

f!7073617273788489769193619010095846285888610076102

Foodgrains

474138374844393738365343514743455052525962575463606671848378738594111108921019583847683107821009696

Oil crops

17151816161618202323292527323233334043455152535959715771608287105819210176879689887288879410085115

Productivityindicators3

Farmoutputper unitof totalfactorinput

434040414344454445454747485051525354545758595863636460656469676966747669788484878290939310094104

Farmoutputper

unit offarmlabor

131414151617181819202323242626282930333638393943434546495055586464697264748284877687918910099110

1 Gross production.2 Includes items not included in groups shown.3 See Table B-98 for farm inputs.Source: Department of Agriculture, Economic Research Service.

410


TABLE B-98.—Farm input use, selected inputs, 1948-96

Year

194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995imp

Farm population,April >

Number(thou-sands)

24,38324,19423,04821,89021,74819,87419,01919,07818,71217,65617,12816,59215,63514,80314,31313,36712,95412,36311,59510,87510,45410.3079,7129,4259,6109,4729,2648,8648,25386,194• 6,50186,2418 6,0518 5,8508 5,6288 5,7875,7545,3555,2264,9864,9514,8014,5914,632

Aspercentof totalpopula-tion?

16.616.215.214.213.912.511.711.511.110.39.89.38.78.17.77.16.76.45.95.55.25.14.74.54.64.54.34.13.88 2.88 2.98 2.88 2.78 2.58 2.48 2.52.42.22.22.12.12.01.91.9

Farm employment(thousands)3

Total

10,3639,9649,9269,5469,1498,8648,6518,3817,8527,6007,5037,3427,0576,9196,7006,5186,1105,6105,2144,9034,7494,5964,5234,4364,3734,3374,3894,3314,3634,1433,9373,7653,699'3,5829 3,4669 3,3499 3,2333,1162,9122,8972,9542,8632,8912,87728102>002,7672,8362,842

Self-em-

ployedand

unpaidwork-ers*

8,0267,7127,5977,3107,0056,7756,5706,3455,9005,6605,5215,3905,1725,0294,8734,7384,5064,1283,8543,6503,5353,4193,3483,2753,2283,1693.0753.0212.9922,8522,6802,4952,4019 2,3249 2.24892,1719 2,0952,0181.8731,8461,9671,9352,0001,9681944l!9421,9251,9672.010

Hiredwork-ers

2.3372.2522.3292.2362.1442.0892.0812.0361.9521,9401.9821.9521,88513901,8271,7801,6041,4821,3601.2531,2131,1761,1751.1611.1461,1681,3141.3101.3711.2911,2561,2701,2989 1,2589 1,2189 1,1789 1,1381,0981.0391.0511.037928892910866857842869832

Cropshar-vested(mil-

lions ofacres) 5

356360345344349348346340324324324324324302295298298298294306300290293305294321328336337345338348352366362306348342325302297318322318319308321314326

Selected indexes ofinput use (1992=100)

Total

10411011011211111010611211211111111411311111111110910811010910710810810710811011010811111011611812011711411011010610310110099100102100100101

Farmlabor

3363293163032942782712742602432312312252192162111991931801711651631611581561561451451431381321281241261201181161091021021091031031051009596

Farmreal

estate

1021031051071081091101111111111111111111081071081071071061081071051051071051091111101101101091101121121101021081071041001001021011001009899

Dura-ble

equip-ment

627485951031071121141151131111111121101091091101121151191251271281291291321391441481521561611661661631551471391301201131081051031009794

Ener-gy

707880838689889191898788899193949697999898100100989799941101241301361241211161091061109891102102101100101100100103

Agri-culturalchemi-cals6

3335424142414244494748555659546065697976657073778291968897951051151271279689101961069689929599100105106

Feed,seed,andpur-

chasedlive-stock'

586060626263586568717576757275777574808081868886888888838883961031091031061089799999796919999100101102

Otherpur-

chasedinputs

4272727779757275747780929189919090909193918986848491969497981171251141071021051059786939699101102100108113

regaraiess 01 occupation, dee aiso looinote 5. aeries aiscominueo m iroi.al population of United States including Armed Forces overseas, as of July 1.ludes persons doing farmwork on all farms. These data, published by the Department of Agriculture, differ from those on agriculturalment by the Department of Labor (see Table B-33) because of differences in the method of approach, in concepts of employment, and

1 Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms in ruralareas, regardless of occupation^ See also footnote 8. Series discontinued in 1992.

'Incfud!employment I. . ._ . . . . . . . . . .in time of month for which the data are collected.

4Prior to 1982 this category was termed "family workers" and did not include nonfamily unpaid workers.5 Acreage harvested plus acreages in fruits, tree nuts, and farm gardens.6 Fertilizer, lime, and pesticides.7 Includes purchases of broiler- and egg-type chicks and turkey poults and livestock imports for purposes other than immediate slaughter.8 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total population) for

1977,1978,1979,1980,1981,1982, and 1983 is 7.806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 7,014 and 3.1; 6,880 and 3.0;7,029 and 3.0, respectively.

9 Basis for farm employment series was discontinued for 1981 through 1984. Employment is estimated for these years.

Note-Population includes Alaska and Hawaii beginning 1960.

Sources: Department of Agriculture (Economic Research Service) and Department of Commerce (Bureau of the census).

411


TABLE B-99.—Indexes of prices received ami prices paid by farmers, 1975-96[1990-92=100. except as noted]

Year ormonth

197519761977197819791980 . .19811982198319841985198619871988198919901991199219931994199519961995: Jan


1996: JanFebMar

&::::::June{«iyAugSeptOctNovDec

Prices received byfarmers

Allfarmprod-ucts

7375738394981009498101918789991041041009810110010211298979999100100101103104104106108108106109108111118118116116112110108

Crops

888783899810711198108111988786104109103101101102105112126103101107112117113114114115114117118122122129129131141136130125119116112

Live-stockandprod-ucts

62646478908989908891868891931001059997100959299939493908890919294929496949393939699103103106103102103

Prices paid by farmers

All

ities,services,interest,taxes,andwagerates1

47505358667582868689868587919699100101104106110115109109109109109110110110110111111112113113114114115115115115115115115114

Production items

Total2

55596167768592949294918687909599100101103106109115108108108108108109109109109110111112113113114114115115116116116114114114

Feed

8383828089981109910711295888310411010398999910510412897979810099100102104105110115121124125128130137136138137133122117113

Live-stockandpoul-try

39474865888580787673747385919310210296104958276928884828183818080807779747372697073757880798282

Fertil-izer

87747272779610410510010398908694999710310097106122126116120124126126125121120118119121123126128130130128125124121122125126127

Agri-cul-turalchemi-cals

72787166677177838790908987899395101103107110115118113114115115115115115116116116117117118118119119117117117117118118118119

Fuels

4043464861869897949393767677831001049692889110388878791959490909392929510098104105105969799102109110110

Farmma-chin-ery

38434751566370768185858385899496100104106113121125119119119119119120120121121123124125123123124124124125125125125126127127

Farmserv-ices

45

668898888889

9698103108113118118116117117117118119119120120119118119117117117117117117118119119118118118

Rent

B

70619;15

45

96100104100108116119116116116116116116116116116116116116119119119119119119119119119119119119

Wagerates

44485155606570747677788185879596100105108111113117116116116112112112111111111114114114119119119117117117113113113120120120

Adden-dum:

Averagefarmreal

estatevalueperacre(dol-lars)3

340397474531628737819823788801713640599632668682703713736782832890832

890

1 Includes items used for family living, not shown separately.'Includes other production items not shown separately.'Average for 48 States. Annual data are: March 1 for 1975, February 1 for 1976-41, April 1 for 1982-85, February 1 for 1986-89, and

January 1 for 1990-96.

Note—Data on a 1990-92 base prior to 1975 have not been calculated by Department of Agriculture.Source: Department of Agriculture (National Agricultural Statistics Service and Economic Research Service).

412


TABLE B-100.—U.S. exports and imports of agricultural commodities, 1940-96


Year

19401941194219431944194519461947194819491950195119521953195419551956195719581959I96019611962196319641965196619671968 !."" '.19691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994

1995

Jan-Nov:19951996

Total1

05

122.12.1233.1403.53.6294034283.1324.2453.94048505.0566.36.26.96.46.36073779.4

17.721921.923023.629434.741243336636.137829.026228737139939439242.942.645.7558

50555.2

Feedgrains

(«)(4)(4)(4)(4)(4)

0.1

.12

32

3.4.3

655.8.8

1.1U1.1.99

11101.53.5465.2(04.9597.79894647.3816.0313.8597770575.75.04.78.2

7.38.6

Foodgrains*

(4)0.1(4).1.14.7

141.51.1

61.111

.56

1.010

912141.3151.71.41.81.51.41.2141.31.84.7546.2473.6556.37996797.47.54.53.8385.9714.84.25.45.65367

6.07.1

Exports

Oil-seedsand

prod-ucts

(4)(4)(4)01

(4)

H.2

2

22

4

5.4666.78

1.01.21.21.3131319222.44.3574.5516.68.28.99496918.7845.86564776.357647.27.31289

809.5

Cot-ton

02.112

3.54

!91011

95.85.7

10

410

9.56

.5

!s5.34s

131.0101.5172.22923201.8241.6A

162.02328252.01.52.737

322.4

To-bacco

(4)01

12

2.43

[33323

4.34.4344.44.4.4.5'5655

.78.9

1.1141.21315151.51.51.5121 11.3131.4141.71.31.314

1.31.3

Ani-malsand

prod-ucts

01

8121.3

9.9

.5

3534.56

7

6.66

7.8.8.7.7.789

101.11.6181.72 42.7303.83842393.84.24.145526.4646.7707.97.99.1

109

10.010.4

Total1

131.7131.51.8172.3283.12.9405.2454.24.0404.0403.9413.8373.9404.14.14.54.5505058586.58.4

1029.3

11013.414816.717416915316.519.320.021.520421.021722.822724.625.026.8300

27.630.6

Crops,fruits,and

vege-tables3

(4)0.1(4).1.11

'l

'.22

2

.22

2

.2

.22

3

.3

.4

.4

.5556

.8

.8

.89

1.2151.71720232.33.13.536363.84 24.9484.95.05.458

5.36.2

mports

Ani-malsand

prod-ucts

0 25

.4

.34.44.6.47

1.176

545

867.99.8.9

1.21.1131416151.82.62 21.82 32.3313.93835373.8414.2454 95.2515.6555.75.95.760

5.55.5

Cof-fee

01

22

3

6.7.8

1 11.414151.5141.4141.21 1

10101.0101.21.11.11.012

9

12121.31.7161.72 94.2404.24 229292.83.33.346292.52 41.9191,71.52.533

3.02.5

Cocoabeansand

prod-ucts

«)<)4)4)4)

(<)

0.1

.2

222232

2

222

2

.1

.1

2232.2

'5

61.0141.2

997.8

1.11.41 11 21.0101.11.11.11.11.01 1

1.01.3

Agri-culturaltrade

balance

-08-10-1

6

5.8

12.3

-1 1-1 1-1 1-13-.9-8

26

(4)-1

101312162.32.12.41.9131 1

15192.99.3

11712.612010.214618023826421319.61859.14 783

16.118216.616518.317.618.9258

22.924.6

'Total includes items not shown separately.2Rice, wheat, and wheat flour.^Includes nuts, fruits, and vegetable preparatiois.

Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commodities aredefined as (1) nonmarine food products aid (2) other products of agriculture which have not passed through complex processes of manufac-ture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and other charges to theport. Import value, defined generaby as the market value in the foreign country, excludes import duties, ocean freight, and marine insurance.

Source: Department of Agriculture, Economic Research Service.

413


INTERNATIONAL STATISTICS

TABLE B-l 01.—U.S. international transactions, 1946-96[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)]

Year orquarter

1946194719481949195019511952 :: :.195319541955195619571958195919601961196219631964196519661967196819691970197119721973 .1974197519761977197819791980198119821983198419851986 zz:19871988198919901991 .:.:19921993199419951994:

nZZZIIIIV

1995:IIIIllIV

1996:|IIIll'

Goods1

Exports

11,76416,09713,26512,21310.20314,24313,44912,41212,92914,42417,55619,56216,41416,45819,65020,10820,78122,27225,50126,46129,31030,66633,62636,41442,46943,31949,38171,41098,306

107,088114,745120,816142,075184,439224,250237,044211,157201,799219,926215,915223,344250,208320,230362,120389,307416,913440,352456,832502,463575,940

118,462122,909127,237133,855

138,551142,983144,984149,422

150,028153,095149,937

Imports

-5,067-5,973-7,557-6,874-9,081

-11,176-10,838-10,975-10.353-11,527-12303-13.291-12.952-15310-14.758-14.537-16,260-17.048-18.700-21,510-25.493-26366-32.991-35307-39,866-45.579-55,797-70.499

-103.811-98.185

-124,228-151,907-176,002-212,007-249,750-265,067-247,642-268,901-332.418-338.088-368.425-409.765-447,189-477,365-498,337-490,981-536.458-589.441-668,584-749,364

-155301-163.993-171,652-177.638

-183.474-190.910-187,532-187,448

-192.758-200.091-201.530

Net

6.69710,1245,7085,3391.1223.0672.6111.4372.5762.8974.7536.2713.4621.1484.8925.5714.5215.2246.8014.9513,8173,800

635607

2.603-2.260-6.416

911-5.5058.903

-9.483-31.091-33.927-27.568-25.500-28,023-36,485-67.102

-112.492-122.173-145.081-159,557-126.959-115.245-109.030-74.068-96.106

-132.609-166,121-173,424

-36,839-41,084-44,415-43,783

-44,923-47,927-42.548-38.026

-42.730-46.9%-51,593

Services

Netmilitarytransac-tions"

-424-358-351-410-56169528

1.753902

-113-221-423-849-431

-1.057-1.131

-912-742-794-487

-1.043-1.187

-596-718-641

6531.072

740165

1.461931

1.731857

-1.313-1.822

-844112

-563-2.547-4390-5.181-3344-€320-6.749-7,599-5,274-1.448

8801.9633.585

-38367

1.171463

628859

1.120978

489725710

Nettraveland

transpor-tation

receipts

733946374230

-12029883

-238-269-297-361-189-633-821-964-978

-1.152-1309-1.146-1.280-1331-1.750-1,548-1,763-2,038-2,345-3.063-3.158-3.184-2312-2.558-3,565-3,573-2.935

-997144

-992-4.227-8.438-9.798-8.484-7.613-2.5914,0438,002

17.03220.48420.02616.71118361

4.0164,2213.7584.717

3.77033345.0875.670

5.36253495.077

Otherservices,

net

310145175208242254309307305299447482486573639732912

1.0361.1611.4801.4971.7421.7591.9642.3302.6492,9653.4064.2314.8545,0275.6806.8797,2518,912

12,55213,20914.12414.40414.48318.60918.09720.35226.19228.29132.44038.80539.66543.06846.415

10.15910,61411.03911.257

11.01011.41012.00611.987

12.65212.34511.972

Balanceon goods

andservices

7,31610.8575,9065,3671,1883,7883,5313,2593,5142,7864,6186,1412,466

693,5084,1953,3704,2106,0224,6642,9402,604

25091

2,254-1,303-5,443

1,900-4,29212,404-6,082

-27,246-29,763-24,565-19,407-16,172-24.156-57.767

-109.073-121.880-140.136-152.918-115,518-91,758-80336-29372-38,264-72,039

-104,379-105,064

-22,702-25,882-28,447-27346

-29,515-31324-24,335-19391

-24,227-28,577-33334

Investment income

Receiptson U.S.assetsabroad

7721,1021,9211,8312,0682,6332,7512,7362,9293,4063,8374,1803,7904,1324,6164,9995,6186,1576,8247,4377,5288,0219,367

10,91311,74812,70714,76521,80827,58725,35129,37532,35442,08863,83472,60686,52986,20085,200

104,75693,67791,976

100,767129,070152,517160,300137,003119,046119,900141,704182,659

31,84133,28737,21239,368

44,10046,77945,26946,513

47,49748,01048,303

Paymentson

foreignassets in

U.S.

-212-245-437-476-559-583-555-624-582-676-735-796-825

-1,061-1,238-1,245-1,324-1,560-1,783-2,088-2,481-2,747-3,378-4,869-5,515-5,435-6,572-9,655

-12,084-12,564-13,311-14,217-21,680-32,961-42,532-53,626-56,412-53,700-74,036-73,087-79,095-91,302

-115,722-138,639-139,402-121,159-107,851-110,158-145,863-190,674

-30,678-33,923-38,801-42,462

-45,000-47,641-49,630-48,403

-47,235-50,274-53,008

Net

560857

1,4841,3551,5092,0502,1962,1122,3472,7303,1023,3842,9653,0713,3793,7554,2944,5965,0415,3505,0475,2745,9906,0446,2337,2728,192

12,15315,50312,78716,06318,13720,40830,87330,07332,90329,78831,50030,72020,59012,8819,465

13,34813,87820,89715,84411,1959,742

-4,159-8,016

1,163-636

-1,589-3,094

-900-862

-4,361-1,890

262-2,264-4,705

Unilateraltransfers,

net3

-2,991-2,722-4,973-5,849-4,537-4,954-5,113-6,657-5,642-5,086-4,990-4,763-4,647-4,422-4,062-4,127-4,277-4,392-4,240-4,583-4,955-5,294-5,629-5,735-6,156-7,402-8,544-6,913

«-9,249-7,075-5,686-5,226-5,788-6,593-8,349

-11,702-17,075-17,718-20,598-22,954-24,833-23,939-26,266-27,696-35,219

4,510-35,514-37,640-39,866-35,075

-8,169-9,507-9,975

-12,215

-8,639-8,290-8,992-9,154

-10,904-9,369-9,422

Balanceon

currentaccount

4,8858,9922,417

873-1,840

884614

-1,286219430

2,7304,762

784-1,282

2,8243,8223,3874,4146,8235,4313,0312,583

611399

2,331-1,433-5,795

7,1401,962

18,1164,295

-14,335-15,143

-2852,3175,030

-11,443-43,985-98,951

-124,243-152,088-167,392-128,436-105,575-94,657-9,518

-62,583-99,936

-148,405-148,154

-29,708-36,025-40,011-42,655

-39,054-40,976-37,688-30,435

-34,869-40,210-47,961

1 Adjusted from Census data for differences in valuation, coverage, and timing; excludes military.2 Quarterly data are not seasonally adjusted.3 Includes transfers of goods and services under U.S. military grant programs.See next page for continuation of table.

414


TABLE B-101.—US. international transactions, 1946-96—Continued[Millions of dollars; quarterly data seasonally adjusted, except as noted]

Year or quarter

194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951994:

IIHIIV

1995:1IIIIIIV

19S6:

IIIII*

U.S. assets abroad, net[increase&apftal outflow (-)]

Total

-4,099-5,53«-4,174-7,270-9,560-5,716-7.321-9,757

-10,977-11,585-9,337

-12,475-14,497-22,874-34,745-39,703-51,269-34,785-61,130-46,054-86,967

-114,147-122,335-61,573-36,313-39J89

-106,753-72,617

-100,087-168,744-74,011-57,881-€8.622

-194,609-150.695-307,856

-36,897-28,627-25,569-59,603

-€1,747-108,299-39,595-98,214

M-54,676

U.S.officialreserveassets"

-623-3,315-1.736

-2661.758-33

-4151,256

480182

-469-1.1652.2921.0352.145

6071.535

378171

1,22557053

-870-1.179

2.481urn

158-1.467

-849-2.558

-375732

-1.133

-*.155-5.175

35«BJ8

-3,912-25.293-2.158

5.7633.901

-U795346

-9.742

-593,537-1652,033

-5318-2.722-1J93

191

17-5237,489

OtherU.S

Govern-mentassets

-1.100-910

-1.085-1.662-1,680-1,605-1.543-2.423-2,274-2,200

:!J8-1.568-2.644

«366-3.474-4,214

3%-3.746-5.162-5.097-6.131-5.006-5,489-2.821-2.022

1.0062,9671,25923072.911

-1657-342-341-280

399491

-288-943

-154-179

252-199

-152-353

72

U.S.privateassets

-5,144-5,235-4,623-5,986-8,050-5,336-6,347-7,386-7,833-*,206

-10,229-12,940-12,925-20388-33,643-35,380-44,498-30,717-57,202-61,176-73,651

-103,875-111,239-55372-27,694-33,211

-105,044-82,771-99,141

-144,710-74,160-66,555-70866

-192,889-155,700-297,834

-37,237-32.655-25,116-60,693

-56,275-105,398-37,954-98,206

-€8,615-49350-62,237

Foreign assets in the U.S., net[increase/capital inflow (+)]

Total

2,2942,7051,9113,2173,643

7423,6617,3799,928

12,7026,359

22,97021,46118,38834,24115,67036,51851,31964,03638,75258,11283,03292,41883,380

113,932141,183226,111242,983240,265218,490122,19294,241

154.285250,996285,376424,462

83,23545,88983,61972,632

90,995115,421118,81699,229

99,471100,549123,999

Foreignofficialassets2

1,473765

1,2701,9861,660

134-6723,451-774

-1,3016,908

26,87910,4756,026

10,5467,027

17,69336,81633,678

-13,66515,4974,9603,5935,8453,140

-1,11935,64845,38739,7588,503

33,91017,38940,47772,15340,253

109,757

11,0369,166

19,785266

21,82237,38039,18611,369

52,02113,56623,642

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002-550

-3,90910,98612,36223,6968,643

18,82614,50330,35852,41642,61578,07288,82677,534

110,792142,301190,463197,596200,507209,98788,28276,853

113,808178,843245,123314,705

72,19936,72363,83472,366

69,17378,04179,63087,860

47,45086,983

100,357

Altarations ofspecial

drawingrights(SORs)

•"—

867717710

0'391,1521,093

Statisticaldiscrepancy

Total(sum of

theitems

with signreversed)

-1,019-989

-1 124-360-907-457

629-205

438-1,516

-219-9,779-1,879-2,654-1,458

5,91710,455-2,19912,23626,44925,38624,99241,35922,17921,33122,95032729-2i974

-11,74355,83046,476

-26,843-23,080

43,55013,72431,548

-16,63018,763

-18,03929,626

9,806-33,854-41,533

29,420

4,148-9,613

-21,362

Ofwhich:

Seasonaladjust-

mentdiscrep-

ancy

5,105274

-€,4901,107

6,519-266

-7,4071,153

6,279-801

-8,6994 Includes extraordinary U.S. Got swrth India.s Consists of gold, special drawing rifKs, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).Source: Department of Commerce, Bureau of Economic Analysis.

415


TABLE B-102.—U.S. international trade in goods by principal end-use category, 2965-96[Billions of dollars; quarterly data seasonally adjusted]

Year orquarter

196519661967 .. .19681969

19701971197219731974

1975197619771978 •1979 . .

19801981198219831984 .. ..

19851986198719881989

19901991199219931994

1995

1994:1II . .IllIV

1995:1IIIllIV

1996-1IIIII P

Exports

Total

26.529.330.733.636.4

42.543.349.471.498.3

107.1114.7120.8142.1184.4

224.3237.0211.2201.8219.9

215.9223.3250.2320.2362.1

389.3416.9440.4456.8502.5

575.9

118.5122.9127.2133.9

138.6143.0145.0149.4

150.0153.1149.9

*«£turalprod-ucts

6.36.96.56.36.1

7.47.89.5

18.022.4

22.223.424.329.935.5

42.044.137.337.138.4

29.627.229.838.842.2

40.240.144.043.747.1

57.2

10.910.911.713.5

13.913.514.715.2

15.815.115.0

Nonagricultural products

Total

20.222.424.227.330.3

35.135.539.953.475.9

84.891.496.5

112.2149.0

182.2193.0173.9164.7181.5

186.3196.2220.4281.4319.9

349.1376.8396.3413.1455.4

518.7

107.6112.0115.5120.4

124.7129.5130.3134.3

134.2138.0135.0

Indus-trial

suppliesand

mate-rials

7.68.28.59.6

10.3

12.310.911.917.026.3

26.828.429.834.252.2

65.163.657.752.756.8

54.859.463.782.691.8

96.9101.7101.7105.0112.6

135.5

26.527.128.830.2

32.934.934.133.6

33.835.533.5

Capitalgoodsexceptauto-motive

8.18.99.9

11.112.4

14.715.416.922.030.9

36.639.139.847.560.2

76.384.276.571.777.0

79.382.892.7

119.1138.9

152.5166.5176.1182.1205.2

233.8

48.851.051.753.7

54.458.059.162.3

62.163.061.1

Auto-motive

1.92.42.83.53.9

3.94.75.56.98.6

10.612.113.415.217.9

17.419.717.218.522.4

24.925.127.633.434.9

36.540.047.052.557.8

61.8

13.514.114.715.4

15.914.915.515.5

15.515.816.5

Other

2.62.93.03.23.7

4.34.55.67.6

10.0

10.811.713.515.318.7

23.425.522.421.825.3

27.228.936.446.354.3

63.268.671.573.579.8

87.6

18.719.720.321.0

21.421.721.622.9

22.823.823.8

Imports

Total

21.525.526.933.035.8

39.945.655.870.5

103.8

98.2124.2151.9176.0212.0

249.8265.1247.6268.9332.4

338.1368.4409.8447.2477.4

498.3491.0536.5589.4668.6

749.4

155.3164.0171.7177.6

183.5190.9187.5187.4

192.8200.1201.5

Petro-leumand

prod-ucts

2.02.12.12.42.62.93.74.78.4

26.6

27.034.645.042.660.4

79.578.462.055.158.1

51.434.342.939.650.9

62.351.751.651.551.3

55.1

10.512.915.112.8

13.114.614.013.4

14.017.517.9

Nonpetroleum products

Total

19.523.424.830.633.2

36.941.951.162.177.2

71.289.7

106.9133.4151.6

170.2186.7185.7213.8274.4

286.7334.1366.8407.6426.5

436.1439.2484.9538.0617.3

694.3

144.8151.1156.5164.9

170.4176.3173.5174.1

178.8182.6183.7

Indus-trial

suppliesand

mate-rials

9.110.210.012.011.8

12.413.816.319.627.8

24.029.835.740.747.5

53.056.148.653.766.1

62.669.970.883.184.5

82.981.289.0

101.0113.6

128.7

27.527.628.530.0

31.734.431.431.3

32.835.434.2

Capitalgoodsexceptauto-motive

1.52.22.52.83.4

4.04.35.98.39.8

10.212.314.019.324.6

31.637.138.443.760.4

61.372.085.1

102.2112.2

116.1120.8134.3152.3184.4

221.4

42.844.946.849.8

51.954.956.758.0

58.456.456.3

Auto-motive

0.91.82.44.04.9

5.57.48.7

10.312.0

11.716.218.625.026.6

28.331.034.343.056.5

64.978.185.287.987.4

88.585.791.8

102.4118.3

124.8

26.928.930.432.0

32.631.930.429.8

31.232.833.9

Other

8.09.29.9

11.813.0

15.016.420.223.927.5

25.331.438.648.452.8

57.462.464.373.391.4

97.9114.2125.7134.4142.5

148.6151.5169.8182.3201.1

219.3

47.649.750.853.1

54.255.155.154.9

56.458.059.2

1 End-use categories beginning 1978 are not strictly comparable with data for earlier periods. See Survey of Current Business, June 1988.Note.—Data are on an international transactions basis and exclude military.In June 1990, end-use categories for goods exports were redefined to include reexports, beginning with data for 1978, reexports (exports of

foreign goods) are assigned to detailed end-use categories in the same manner as exports of domestic goods.Source: Department of Commerce, Bureau of Economic Analysis.

416


TABLE B-103.—U.S. international trade in goods by area, 1987-96[Billions of dollars]

Item

EXPORTS

Industrial countries

CanadaJapanWestern Europe2

Australia, New Zealand,and South Africa

Australia

Other countries, exceptEastern Europe

OPEC3

Other4

Eastern Europe2

International organizationsand unallocated

IMPORTS




Australia


OPEC3

Other4

Eastern Europe2 . ..


BALANCE (excess ofexports +)




Australia


OPEC3

Other4

Eastern Europe2 . ..


1987

2502

165.662027.668.6

7.4

5.3

82310.771.6

23

409.8

259.7

73.684696.1

5.4

3.0

148.224.4

1238

19

-159.6

-94.1

-11.6-56.9-27.5

2.02.3

-65.8-137-52.1

3

1988

3202

207.374337.286.4

9.4

6.8

1091

13.895.3

38

.1

447.2

283.2

84.6898

102.6

6.23.5

161.823.0

1388

22

-127.0

-75.9-10.3-52.6-16.2

3.23.3

-52.7-92

-43.516

.1

1989

3621

2342

81 143.998.4

10.9

8.1

1222

127109.5

55

2

4774

292.5

89.9935

102.4

6.63.9

1828

29.21536

21

-115.2

-58.2-88

-49.7-4.0

4.242

-60.6-166-44.1

3 5

.2

1990

3893

2538

83547.8

111.4

11.2

8.3

1306

127117.9

4 3

6

4983

299.9

93.1904

109.2

7.34.4

196.137.0

1591

23

-109.0

-46.1-96

-42.62.2

3.93.9

-65.5-243-41.2

21

.6

1991

4169

2613

85947.2

116.8

11.4

8.3

1504

184132.0

48

4

4910

294.3

93.0923

102.0

7.04.1

194.933.4

1615

1.8

-74.1

-33.0-71

-45.014.8

4.4

4.2

-44.5-150-29.5

30

.4

1992

4404

2651

91446.9

114.5

12.4

8.7

1695

197149.8

56

1

536.5

316.3

100.9974

111.4

6.63.7

218.232.4

1858

20

-96.1-51.2

-9.5-50.5

3.1

5.85.0

-48.7-127-36.0

3.7

.1

1993

456.8

270.6

101246.7

111.3

11.5

8.1

1798

18.7161.1

62

.2

589.4

347.8

113.31072120.9

6.4

3.3

238.132.6

2054

3.5

-132.6

-77.2-12.2-60.5

-9.7

5.24.8

-58.3-140-44.3

2.7

.2

1994

5025

2952

114851.8

115.4

13.2

9.6

2018

171184.7

53

1

6686

389.8

131.11191132.9

6.73.2

272.9

3172412

58

-166.1

-94.6-163-67.3-17.6

6.66.4

-71.1-146-56.6

-5

.1

1995

5759

3381

127663.1

132.4

15.0

10.5

2321

184213.7

5 7

749.4

426.3

148.11235147.7

7.13.4

316.1352

2809

70

-173.4

-88.1-205-60.4-15.2

7.97.1

-84.0-168-$7.2-13

1996 first3 quartersat annual

rate1

6041

352.81334

66.9135.9

16.7

11.8

2440

20.0224.0

72

792.5

441.8159.41144160.5

7.4

3.6

344.3

41.23031

6.5

-188.4

-89.0-261-47.4-24.7

9.28.2

-100.2

-212-79.1

8

1 Preliminary; seasonally adjusted.2 The former'German Democratic Republic (East Germany) included in Western Europe beginning fourth quarter 1990 and in Eastern Europe

prior to that time.3 Organization of Petroleum Exporting Countries, consisting of Algeria, Ecuador (through 1992), Gabon, Indonesia, Iran, Iraq, Kuwait, Libya,

Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.4Latin America, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.

Note.—Data are on an international transactions basis and exclude military.


417


TABLE B-104.—U.S. international trade in goods on balance of payments (BOP) and Census basis,and trade in services on BOP basis, 1974-96

[Billions of dollars; monthly data seasonally adjusted]

Year or month

1974197519761977197819791980

198119821983 '.""..'.'..." "...198419851986198719881989 ::: : ".:::....199019911992199319941995


July .Augsept ::::::...OctNovDec

1996JanFebMarAprMayJuneJulyAu£SeftOctNov*

Goods: Exports(f.a.s. value) ' 2

Total,BOP

basis3

Census basis (by end-use category)

Total,Censusbasis34

Foods,feeds,andbev-er-

ages

In-dus-trialsup-pliesandma-

terials

Cap-ital

goodsex-

ceptauto-mo-tive

Auto-mo-tivevehi-cles,parts,anden-

gines

Con-sumer

&food)ex-ceptauto-mo-tive

F.a.s. value 2

983107.1114.7120.8142.1184.4224.3

237.0211.2201.8219.9215.9223.3250.2320.2362.1389.3416.9440.4456.8502.5575.9

44.945.648.047.248.147.8

46.648.749.749.549.850.1

48.750.950.550.751.451.0

48.851.150.352.952.7

994108.9116.8123.2145.8186.4225.6

238.7216.4205.6224.0

^218.87 227.2

254.1322.4363.8

393.6421.7448.2465.1512.6584.7

45.646.248.847.848.848.6

47.349.550.350.350.650.9

49.351.751.451.652.551.9

50.252.551.653.954.0

31.330.931.524.022.324.332.337.2

35.135.740.340.641.950.5

3.84.04.14.14.03.9

4.14.54.74.44.44.5

4.74.54.94.74.74.5

4.74.74.44.55.0

61.756.761.758.557.366.785.199.3

104.4109.7109.1111.8121.4146.3

11.611.712.612.412.412.7

11.912.112.412.511.912.1

11.912.212.512.712.512.3

11.412.212.012.712.2

72.767.272.073.975.886.2

109.2138.8

152.7166.7175.9181.7205.2233.0

17.118.019.118.919.419.5

19.120.019.820.320.721.2

19.921.320.821.121.120.7

20.021.020.122.422.2

15.716.820.622.921.724.629.334.8

37.440.047.052.457.661.8

5.55.2

85.14.8

4.85.1

H5.15.2

5.25.44.94.95.45.5

5.25.46.15.25.5

14.313.413.312.614.217.723.136.443.345.951.454.760.064.45.15.25.45.35.55.4

5.25.55.45.55.55.5

5.55.85.75.85.95.9

5.55.85.96.26.1

Goods: Imports (customs value, except asnoted) 5

Total,BOPbasis

Census basis (by end-use category)

Total,Censusbasis4

Foods,feeds,andbev-er-

ages

In-dus-trialsup-pliesandma-

terials

Cap-ital

goodsex-ceptauto-mo-tive

Auto-mo-tivevehi-cles,parts,anden-

gines

Con-sumergoods(non-food)ex-ceptauto-mo-tive

F.a.s. value2

103.898.2

124.2151.9176.0212.0249.8

103.399.3

124.6151.5176.1210.3245.3

Customs value

265.1247.6268.9332.4338.1368.4409.8447.2477.4

498.3491.0536.5589.4668.6749.4

61.059.962.663.264.163.6

62.562.262.962.662.162.7

64.263.764.966.368.265.6

66.367.567.867.067.5

261.0244.0258.0

* 330.7«336.5

365.4406.2441.0473.2

495.3488.5532.7580.7663.3743.4

60.759.761.762.462.962.7

62.361.962.762.261.862.5

63.963.363.764.766.964.7

65.866.767.566.667.2

17.118.221.021.924.424.824.825.1

26.626.527.627.931.033.2

2.82.82.92.72.72.8

2.72.72.82.82.72.7

2.82.83.03.03.02.9

2.93.03.03.03.0

112.0107.0123.7113.9101.3111.0118.3132.3

143.2131.6138.6145.6162.0180.7

14.514.315.315.315.815.7

15.214.815.314.714.914.8

15.614.715.316.617.016.3

17.016.917.417.516.8

35.440.959.865.171.884.5

101.4113.3

116.4120.7134.3152.4184.4221.4

17.117.117.718.118.218.6

18.818.819.019.519.219.3

19.519.419.518.819.018.6

18.618.818.918.719.1

33.340.853.566.878.285.287.786.1

87.385.791.8

102.4118.3124.8

11.210.810.711.010.610.3

10.010.210.29.69.9

10.3

10.610.610.010.511.510.8

11.111.611.210.311.3

39.744.960.068.379.488.795.9

102.9

105.7108.0122.7134.0146.3160.0

13.313.013.313.413.613.3

13.413.413.413.413.113.2

13.513.713.713.514.213.9

13.914.414.814.914.7

Services(BOP basis)

Ex-ports

22.625.528.031.536.439.747.6

57.464.164.371.273.285.998.3

110.9127.0

147.5163.8177.3186.1195.8210.6

16.916.417.117.217.417.2

17.818.118.418.018.218.0

17.918.318.818.418.718.8

18.518.618.518.819.2

Im-ports

21.422.024.627.632.236.741.5

45.551.755.067.772.981.091.799.5

103.5

118.8119.6119.5125.5134.1142.2

11.611.611.811.811.911.9

11.912.112.011.812.011.8

12.012.312.312.412.612.5

12.712.712.512.812.9

1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excluded fromtotal exports through 1985 and included beginning 1986.2 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exoorts and at foreign port of exportation for imports.3 Includes undocumented exports to Canada through 1988. Beginning 1989, undocumented exports to Canada are included in the appro-priate end-use category.4 Total includes "other" exports or imports, not shown separately.5 Total arrivals of imported goods other than intransit shipments.

'Total includes revisions not reflected in detail.'Total exports are on a revised statistical month basis; end-use categories are on a statistical month basis.Note.—Goods on a Census basis are adjusted to a BOP basis by the Bureau of Economic Analysis, in line with concepts and definitions

used to prepare international and national accounts. The adjustments are necessary to supplement coverage of Census data, to eliminateduplication of transactions recorded elsewhere in international accounts, and to value transactions according to a standard definition.

Data include trade of the U.S. Virgin Islands.Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis).

418


TABLE B-105.—International investment position of the United States at year-end, 1987-95[Billions of dollars]

Type ofinvestment

NET INTERNATIONAL INVESTMENT POSITION OF THEUNITED STATES:

With direct investment at current costWith direct investment at market value

U.S. ASSETS ABROAD:


U S. official reserve assetsGold 'Special drawing rightsReserve position in the International Monetary Fund ..Foreign currencies

US. Government assets other than official reserves .U.S. credits and other long-term assets

Repayable in dollarsOther

U.S. foreign currency holdings and U.S. short-termassets

U.S. private assets.With direct investment at current costWith direct investment at market value

Direct investment abroad:At current costAt market value

Foreign securitiesBondsCorporate stocks

U.S. claims on unaffiliated foreignersreported by U.S. nonbanking concerns

U.S. claims reported by U.S. banks, not included else-where

FOREI6N ASSETS IN THE UNITED STATES:


Foreign official assets in the United StatesU.S. Government securities

U.S. Treasury securitiesOther

Other U.S. Government liabilitiesU.S. liabilities reported by U.S. banks, not included

elsewhereOther foreign official assets

Other foreign assets in the United States:With direct investment at current costWith direct investment at market value

Direct investment in the United States:At current costAt market value

U.S. Treasury securities . ...U.S. securities other than U.S. Treasury securities

Corporate and other bondsCorporate stocks .

U.S. liabilities to unaffiliated foreigners reported by U.S.nonbanking concerns

U.S. liabilities reported by U.S. banks, not included else-where

1987

-11.1713

1,637.117223

1624127.610311.3131

88988.1865

1.6

.8

138591,471.0

505.15902154084.3696

1774

549.5

1,648.216509

2831220.52137

6815.7

31.8150

1,365 113679

3135316.2826

341.7166.11756

1102

517.2

1988

-134.5148

1,784.11 949.7

1442107.4

969.7

174

86185.483.9

1.5

.7

155381,719.4

52686925176090.0860

1978

653.2

1,918.619350

3220260.92530

80152

315144

1596616129

3752391.51009392.3191.32010

1445

583.7

1989

-250.3-771

1,979.322514

1687105.21009.0

446

84583.98241.5

.6

172611,998.2

560.48325217697.8

1199

2343

713.8

2 229.723285

3419263.72573

6415.4

36.5263

1887.819866

4359534.71665482.923172512

1671

635.5

1990

-251.1-211 7

2,066.42,178.1

1747102.41109.1

522

82081.4800

1.3

.6

1,80971,921.5

620.07318228.7118.7110.0

265.3

695.7

2,317.523898

375.3295.0287.9

7117.2

39.9232

1,942.220144

4673539.6162.4467.4245.7221 7

213.4

631.6

1991

-355.1-3490

2,131.723150

159292.61129.5

459

79177.4762

1.2

1.6

189342,076.7

644.38275302.4143.61588

2563

690.4

2,486.826640

4017315.9307.1

8818.6

38.4287

2,085.122623

4919669.1189.5559.2287.32719

208.9

635.6

1992

-512.8-5684

2,146.422856

147487.285

11.8400

80779.07791.1

1.6

191832,057.5

659.479863365156.81797

2543

668.0

2,659.228540

4428335.7323.0

12720.8

55.0313

2,216.424112

4994694.22251620.2319.83004

2207

651.0

1993

-503.5-4125

2,437.627503

1649102.6

9011.8415

80979.0780

1.0

19

219172^504.4

714810275

5506247.83028

2420

684.2

2,941.231629

5166388.33712

17122.5

69.7361

2,424.626463

5392760.92539730.6389.93406

2290

671.9

1994

-580.1-4925

2,546.22 825.8

1634100.110012.0412

81379.2783

2.1

230152i581.2

779.310589'556.2232.33240

273.7

692.3

3,126.333183

546.0415.0393.421624.9

73.3329

2,580.32 772.3

5798771.9266.6752.8413.9338.9

197.3

783.7

1995

-814.0-7737

2,931.933529

1761101.311014.6491

81579.6788

.8

2.0

267433,095.3

880.11301 1'721.7310.7411 1

311 1

761.3

3,745.941266

677.9498.9471.5

27425.9

106.1469

3,068.03,448.7

63851,019.2

388.9998.6533.2465.4

232.9

809.01 Valued at market price.

Note.—For details regarding these data, see Survey of Current Business, June issues 1991-1995 and July 1996.


419


TABLE B-106.—Industrial production and consumer prices, major industrial countries, 1970-96

Year or quarter

19701971197219731974 .19751976 .. .1977197819791980198119821983198419851986198719881989199019911992199319941995 . .1996*1995 1

IIIllIV

1996:1IIIIIIV/> . .

1970197119721973 . .. .197419751976 . ...19771978197919801981 .198219831984198519861987198819891990199119921993199419951996'1995 1

IIIllIV

1996:1IIIIIIV/>

UnitedStates Canada Japan European

Union1 France Germany2 Italy UnitedKingdom

Industrial production (1987=100)3

61.462.268.373.872.766.372.478,282.685.784.185.781.984.992.894.495.3

100.0104.4106.0106.0104.2107.7111.5118.1121.9125.8121.8121.4122.3122.5123.4125.4126.8128.1

59.062.367.875.877.371.676.579.081.885.782.884.576.281.291.096.195.3

100.0105.3105.2101.797.498.5

102.9110.1113.8

114.4113.5113.9113.6114.0114.4116.3

54.556.060.169.066.359.365.968.673.078.281.882.683.085.593.596.996.7

100.0109.4115.7120.6122.9115.8111.0112.3116.0

116.0116.3114.7117.0117.7117.4118.9

71.573.176.982.884.178.784.486.388.292.492.991.3

'89.990.692.795.897.9

100.0104.4108.5110.7110.5109.1105.5110.9114.7

113.8114.6115.1114.7113.8114.5115.8

727781879083909294

99.999.999.398.397.598.198.198.8

100.0104.6108.5110.1108.7107.5103.4107.3109.0

109.4109.4109.8107.9108.7108.9110.9

75.577.079.985.084.879.686.888.090.494.795.093.290.390.993.597.799.6

100.0103.9108.8114.5117.8115.8107.1110.4111.5

110.6112.2112.2110.3110.4111.5112.6

68.368.070.877.781.273.782.983.885.491.196.294.791.788.991.892.996.2

100.0105.9109.2109.4108.4108.2105.5111.0117.0

115.2116.5120.4118.9115.9115.0114.4

78.478.079.486.684.780.182.887.189.593.187.084.285.888.989.093.996.2

100.0104.8107.0106.7102.8102.7104.9110.1113.0

112.3112.7113.6113.5113.7113.8114.3

Consumer prices (1982-84=100)

38.840.541.844.449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9150.9152.2152.9153.6155.0156.5157.4158.5

35.136.137.940.845.250.153.858.163.369.176.185.694.9

100.4104.8108.9113.4118.4123.2129.3135.5143.1145.2147.9148.2151.4153.7150.4151.5151.8151.9152.5153.7153.9154.9

38.540.942.947.959.065.972.278.181.484.490.995.398.199.8

102.1104.1104.8104.8105.6108.1111.4115.0116.9118.4119.3119.1

119.1119.4119.1119.0118.7119.5119.3

27.328.930.833.538.043.448.654.559.465.674.383.592.3

100.2107.4114.0118.2122.0126.5133.2140.8148.1154.7160.2165.0170.2

168.2170.0170.7171.6172.9174.5174.8

28.830.432.234.539.343.948.252.757.563.772.382.091.6

100.5107.9114.2117.2120.9124.2128.6133.0137.2140.6143.5145.9148.4151.5147.4148.2148.6149.5150.5151.7151.4152.0

52.855.658.762.867.171.174.276.979.082.286.792.297.1

100.3102.7104.8104.7104.9106.3109.2112.2116.2120.9125.2128.6130.8132.6130.1130.8131.3131.1131.9132.6133.1133.0

17.117.919.020.925.029.334.140.345.352.463.575.387.7

100.8111.5121.1128.5134.4141.1150.4159.5169.8178.8186.3193.6204.0

199.6203.4205.4208.0209.6212.1212.6

21.823.825.527.932.340.246.854.258.766.678.587.995.499.8

104.8111.1114.9119.7125.6135.4148.2156.9162.7165.3169.3175.2179.4172.5175.6176.1176.4177.3179.6179.9181.0

1 Consists of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain,Sweden, and United Kingdom.2 Data are for West Germany only.3 All data exclude construction. Quarterly data are seasonally adjusted.

Sources: National sources as reported by Department of Commerce (International Trade Administration, Office of Trade and EconomicAnalysis), Department of Labor (Bureau of Labor Statistics), and Board of Governors of the Federal Reserve System.

420


TABLE B—107.—Civilian unemployment rate, and hourly compensation, major industrial countries,1970-96

[Quarterly data seasonally adjusted]

Year or quarter

19701971197219731974 _19751976 - > . _19771978 ~ ..197919801981 _ „1982198319841985 .... . . .19861987 - > .„19881989 _.>199019911992199319941995 . .19961995-1

IIIllIV „

1996-1 „ .IIIIIIV

19701971 „ . ... „ ..1972197319741975 „ _ .197619771978 _ .19791980 ..198119821983198419851986198719881989

19901991 . . .1992199319941995

UnitedStates Canada Japan France Ger-

many1 Italy UnitedKingdom

Civilian unemployment rate (percent) 2

4.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.3

3 5.66.87.56.9

36.15.65.45.55.65.75.65.65.4'5.35.3

5.76.26.25.55.36.97.28.18.47.57.57.6

11.011.911.310.59.68.97.87.58.1

10.411.311.210.49.59.79.79.59.59.49.59.69.79.9

1.21.31.41.31.41.92.02.02.32.12.02.22.42.7

8H2.52.32.12.12.22.52.93.2

3.03.23.23.43.33.53.4

2.52.82.92.82.94.24.65.25.46.16.57.68.38.6

10.010.510.610.810.39.69.19.63 10.4

11.812.311.7

11.911.611.511.712.212.512.7

0.5.6

'.11.63.43.43.43.32.92.84.05.6

3 6.97.17.26.66.36.35.75.0

M.3"4.6"5.7"6.5"6.5

6.56.56.66.77.07.17.2

3.23.33.83.73.13.43.94.14.14.44.44.95.45.95.96.0

3 7.57.97.97.87.03 6.9

"7.33"10.2"11.3"12.0

12.012.111.911.912.012.511.9

3.13.94.23.23.14.65.96.46.35.47.0

10.511.311.811.811.211.210.38.67.37.08.9

10.110.5"9.6"8.8

8.98.88.88.68.48.48.1

Manufacturing hourly compensation in U.S. dollars (1992=100)*

23.825.326.628.631.835.738.642.045.449.855.861.367.269.071.475.378.680.884.086.790.995.7

100.0102.4105.1109.0

21.223.625.827.732.635.842.343.543.646.851.858.262.566.466.166.067.472.781.888.294.5

102.4100.093.790.691.3

5.86.99.2

12.515.317.518.823.031.532.032.936.133.536.137.238.557.368.378.477.379.390.3

100.0119.3132.6148.8

10.111.313.717.819.426.727.530.337.344.751.946.645.843.641.343.558.870.273.572.4

89.390.3

100.096.8

101.4114.6

8.910.412.617.120.023.124.328.835.942.246.239.538.738.736.337.252.566.370.569.086.089.3

100.0100.1106.4126.6

9.110.612.614.917.421.921.423.828.535.340.336.636.237.837.538.851.762.865.067.886.392.5

100.083.981.483.0

8.810.312.213.615.719.818.620.326.134.345.345.843.540.538.641.050.362.572.369.984.593.5

100.089.593.199.1

1 Data are for West Germany only.2 Civilian unemployment rates, approximating U.S. concepts. Quarterly data for France and Germany should be viewed as less precise indi-cators of unemployment under U.S. concepts that the annual data.

^ There are breaks in the series for Germany (1983), France (1992). Italy (1986,1991, and 1993), and United States (1990 and 1994).Based on the prior series, the rate for Germany was 12 percent in 1983, the rate for France was 10.5 in 1992,11.9 in 1993,12.7 in 1994and 12.3 in 1995, and the rate tar to* was CJ percent in 1986 and 6.6 in 1991. The break in 1993 raised Italy's rate by approximately 1percentage point. For detais « break in series in 1990 and 1994 for United States, see footnote 5, Table B-33.4 Hourly compensation M HttMifacturiag. U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States. Canada, Japan. France, and Germany, and to all employees (wage and salary earners) in the other countries.For France and United Kingdom, compensation adjusted to include changes in employment taxes that are not compensation to employees, butare labor costs to employers.

Source: Department of Labor. Bweau of Labor Statistics.

421


TABLE B-108.—Foreign exchange rates, 1970-96[Currency units per U.S. dollar, except as noted]

Period

March 1973

19701971197219731974197519761977197819791980 . .198119821983198419851986 .. .19871988198919901991199219931994199519961995-1

IIIllIV

1996:1IIIIIIV

March 1973

19701971197219731974197519761977197819791980 . ...19811982198319841985198619871988198919901991 . . . .199219931994199519961995-1

IIIllIV

1996:1||IllIV

Belgium(franc)

39.408

49.65648.59844.02038.95538.95936.80038.60935.84931.49529.34229.23837.19545.78151.12357.75259.33744.66437.35836.78539.40933.42434.19532.14834.58133.42629.47230.96830.41828.74929.46129.28630.20631.27430.84531.540

Netherlands(guilder)

2.8714

3.61663.49533.20982.79462.68792.52932.64492.45482.16432.00731.98752.49992.67192.85443.20853.31852.44852.02641.97782.12191.82151.87201.75871.85851.81901.60441.68631.65481.56511.60431.59471.64511.70221.67971.7179

Canada(dollar)

0.9967

1.04441.0099.9907

1.0002.9780

1.0175.9863

1.06331.14051.17131.16931.19901.23441.23251.29521.36591.38961.32591.23061.18421.16681.14601.20851.29021.36641.37251.36381.40731.37141.35571.35601.36911.36471.37051.3508

(krona)

4.4294

5.18625.10514.75714.36194.43874.15314.35804.48024.52074.28934.23105.06606.28397.67188.27088.60327.12736.34696.13706.45595.92316.05215.82587.79567.71617.14066.70827.37747.90407.18156.69366.78176.73276.63416.6858

France(franc)

4.5156

5.52885.51005.04444.45354.8107428774.78254.91614.509142567422515.43976.57947.62048.73568.98006.92576.01225.9595638025.44675.6468529355.6669534594.98645.11585.15394.92024.94744.92695.03795.15575.09305.1763

Switzerland(franc)

3.2171

431064.11713.81863.16882.9805258392.50022.40651.79071.66441.67721.96752.03272.1007235002.45521.79791.49181.46431.6369139011.43561.40641.4781136671.181212361123891.15601.18031.15051.1914124281222712875

Germany(mark)

2.8132

3.64653.48303.18862.67152.58682.46142.51852.32362.00971.83431.81752.26322.42812.55392.84552.94202.17051.79811.75701.88081.61661.66101.56181.65451.62161.43211.50491.47561.39781.43211.42381.46941.52161.49731.5312

United Kingdom(pound)1

2.4724

2.39592.44422.50342.45252.34032.22171.80481.74491.91842.12242.32462.02431.74801.51591.33681.29741.46771.63981.78131.63821.78411.76741.76631.50161.53191.57851.56071.58331.59621.57331.56061.53051.52371.55391.6359

Italy(lira)

568.17

627.12618.34583.70582.41650.81653.10833.58882.78849.13831.11856.21

1138.581354.001519.321756.111908.881491.161297.031302.391372.281198.271241.281232.171573.411611.491629.451542.761643.041666.461609.961597.471572.471555.261521.331522.27

Japan(yen)

261.90358.16347.79303.13271.31291.84296.78296.45268.62210.39219.02226.63220.63249.06237.55237.46238.47168.35144.60128.17138.07145.00134.59126.78111.08102.1893.96

108.7895.8784.5094.25

101.54105.83107.46108.97112.91

Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)

Nominal

100.0

121.1117.8109.199.1

101.498.5

105.7103.492.488.187.4

103.4116.6125.3138.2143.0112.296.992.798.689.189.886.693.291.384.287.386.382.384.184.486.488.087.187.9

Real2

100.0

98.899.394.097.593.384.383.284.9

100.9111.7117.3128.8132.4103.690.888.294.486.086.583.490.088.782.586.284.480.482.382.984.886.686.187.3

•Yajue is U.S.doHars per pound.2 Adjusted by changes in consumer prices.Note.-Certified noon buying rates in New York.Source: Board of Governors of the Federal Reserve System.

422


TABLE B-109.—International reserves, selected years, 1952-96

[Millions of SDRs; end of period]

All countriesIndustrial countries1

United StatesCanadaAustraliaJapanNew Zealand _.....AustriaBelgium _DenmarkFinlandFranceGermany „Greece _. ..IcelandIrelandItalyNetherlandsNorwayPortugalSMtnSwedenSwitzerlandUnited Kingdom

Developing countries Total2

By area:AfricaAsia2

EuropeMiddle EastWestern HtmiiaAtrt

Memo:Oil-exportmg countries

1QCO

4938839.28024714

1.944920

1.101183116

1.133150132686960949

3187229S3164603134504

1,66719569648

17163793

2191.1832.616

1.6997949

IQfi?

6285153.502

17.2202.5611.1682.021

2511.0811.753

256237

4.049

6.95828732

3594,0681.943

304680

1.045802

2.91933089349

21102772

3811,8052.282

2.0307319

1Q79

146658113,362

121125.5725.656

16.916767

2,5053,564

787664

9,224

21,908950

78103856054>07

1,22021294,61814536.9615201

33295

39628*1302.6809.4369,089

9,95623339

iqoo

361 239214,025

29,9183,4396,053

22,001577

5,5444,7572,1111,420

17,850

43,909916133

23901510810>23

6,27311797,4503397

16,93011904

147 213

7737444905,359

64,03925,563

67,10880105

1QQ9

725,852

424,22952,9958,6628,429

52,9372,239

9,70310,9148,0903,862

22,522

69,4893,606

3642,514

2243817,492

8,7251447433,6401666727,10027300

301 623

12874164 47215,35444,14964,774

46,144255480

1QQ4

855 932460,700

52,5108,5528,007

87,0622,540

12,16510,3826,2607,374

20,851

56,32510,045

2024,201

2443524i87213,07411 18929,0061614126,70428739

395 231

16530229,51430,69546,33972,152

44,445350 786

iqqc

980,846

514,12159,46710,2438,279

124,1252,967

13,02011,6017,4686,809

20,93060,51710,064

2095,818

2581523,897

15,19011,22523,74616,34827,41128,910

466,725

17490253,46457,39750,75087,623

44,689422 036

199(

Oct

1,100,535

577,92353,76313,8499,455

149,5034,313

16,04212,81210,4715,014

21,459

62,69012,676

2597,167

37,84720,75621,18711,46738,09515,37526,924

522,611

19528286,65661,13954,551

100,737

51,411471 200

Nov

13,9209,520

150,271

15,90212,70610,0054,973

63,10513,468

6,1223572220,521

39,630

26,691

"—•••

'Includes data far jjMMtiitr2 Includes data for TamM PrwiMf if CMn.Note.—Hrtematiwal reams * comprised tf Monetary authorities' hoWinfs of fold (at SDR 35 per ounce), special drawing rights (SORs),

reserve positions in the Mem*** Monetary FMN). and foreign exchange.U.S. dollars per SDK fend tf period) art: 1952 and 1962—1.00000; 1972—1.08571; 1982—1.10311; 1992—1.37500; 1994—1.45985,

1995—1.48649; October 1996—M4623; and Nfventer 1996—1.44462.Source: Intei r Find, f«taMtiMif F,MMKW/ Statistics.

423


TABLE B-l 10.—Growth rates in real gross domestic product, 1978-96[Percent change at annual rate]

Area and country

World

Industrial countriesUnited StatesCanadajapanEuropean Union

FranceGermany2

ItalyUnited Kingdom3

Developing countries .... . . .AfricaAsiaMiddle East and EuropeWestern Hemisphere

Countries in transition

Central and eastern EuropeRussia, Transcaucasus, and central

Asia

1978-417

332.7

2.83237

21

211.8272.345

2.1682.53.130

1988

47

4.33.8506.24.2443.7415.0544191

41.142

1989

373.63.4244.83.5

433.62922

433.46.22.71.621

1990

26

2.51.3-.25.13.0

2.55.721.4

4.31.8595.31.1

-37

1991

15.8

-1.0-18

4.01.6

85.012

-2.0

511.8693.53.3

-115

-108

-12.0

1992

24

1.72.7.8

1.1

1.01.22.2.7

-.56.4

.8886.22.8

-14.7

-99

-18.7

1993

2 4

.9

2.32 2

-.5

-13-1.1-12

2.1

6.3.9

874.23.2

-85-49

-11.7

1994

3 7

2.83.541

2.8

2.82.92.23.9

6.62.991

4.7-8.8

-29

-14.8

1995

352.12.023

.9

2.5

2 21.9302.5

5.93.0863.6

.9-13

12

-4.1

1996 *

38

2.32.4143.51.6

131.31 12.2

635.0803.93.0

4

16

-.9

' All figures are forecasts as published by the International Monetary Fund.2 Through 1991 data are for West Germany only.3 Average of expenditure, income, and output estimates of GOP at market prices.Sources: Department of Commerce (Bureau of Economic Analysis) and International Monetary Fund.


ERP1997 Appendixes 2

Documents

Transcript of ERP1997 Appendixes 2