MAIN CATEGORIES:
 1. Population
2. Vital Statistics
3. Health and Nutrition
4. Education
5. Law Enforcement, Courts
and Prisons
6. Geography and Environment
7. Parks, Recreation, Travel
8. Elections
9. State and Local Government
Finances and Employment
10. Federal Government
Finances and Employment
11. National Defense and
Veterans Affairs
12. Social Insurance and Human
Services
13. Labor Force, Employment,
and Earnings
14. Income, Expenditures, and
Wealth
15. Prices
16. Banking, Finance, and
Insurance
17. Business Enterprise
18. Communications and
Information Technology
19. Energy
20. Science and Technology
21. Transportation - Land
22. Transportation - Air
and Water
23. Agriculture
24. Natural Resources
25. Construction and Housing
26. Manufactures
27. Domestic Trade and
Services
28. Foreign Commerce and Aid
29. Outlying Areas
30. Comparative International
Statistics
31. Industrial Outlook
32. 1997 Economic Census
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721. Relation of GDP, GNP, Net National Product, National Income, Personal Income, Disposable Personal Income, and Personal Saving
[In billions of dollars (507.4 represents $507,400,000,000).
For definitions of various concepts, see Terms below table]
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| Item |
1959 |
1960 |
1961 |
1962 |
1963 |
1964 |
1965 |
1966 |
1967 |
1968 |
1969 |
1970 |
1971 |
1972 |
1973 |
1974 |
1975 |
1976 |
1977 |
1978 |
1979 |
1980 |
1981 |
1982 |
1983 |
1984 |
1985 |
1986 |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
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| Gross domestic product. |
507.4 |
527.4 |
545.7 |
586.5 |
618.7 |
664.4 |
720.1 |
789.3 |
834.1 |
911.5 |
985.3 |
1,039.7 |
1,128.6 |
1,240.4 |
1,385.5 |
1,501.0 |
1,635.2 |
1,823.9 |
2,031.4 |
2,295.9 |
2,566.4 |
2,795.6 |
3,131.3 |
3,259.2 |
3,534.9 |
3,932.7 |
4,213.0 |
4,452.9 |
4,742.5 |
5,108.3 |
5,489.1 |
5,803.2 |
5,986.2 |
6,318.9 |
6,642.3 |
7,054.3 |
7,400.5 |
7,813.2 |
8,300.8 |
8,759.9 |
9,256.1 |
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| Plus: Receipts of factor income |
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| from the rest of the world. |
4.3 |
5.0 |
5.4 |
6.1 |
6.6 |
7.4 |
8.1 |
8.3 |
8.9 |
10.3 |
11.9 |
13.0 |
14.1 |
16.4 |
23.8 |
30.3 |
28.2 |
32.9 |
37.9 |
47.4 |
70.4 |
81.8 |
95.6 |
102.4 |
102.5 |
122.9 |
113.1 |
111.1 |
122.9 |
151.8 |
177.2 |
188.3 |
167.7 |
151.1 |
154.4 |
184.3 |
232.3 |
245.6 |
282.6 |
285.3 |
302.3 |
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| Less: Payments of factor income to |
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| the rest of the world. |
1.5 |
1.8 |
1.8 |
1.8 |
2.1 |
2.4 |
2.7 |
3.1 |
3.4 |
4.1 |
5.8 |
6.6 |
6.4 |
7.7 |
11.1 |
14.6 |
14.9 |
15.7 |
17.2 |
25.3 |
37.5 |
46.5 |
60.9 |
65.9 |
65.6 |
87.6 |
87.8 |
95.6 |
109.2 |
133.4 |
156.8 |
159.3 |
143.0 |
127.6 |
130.1 |
167.5 |
211.9 |
227.5 |
278.4 |
295.2 |
322.3 |
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| Equals: Gross national product. |
510.3 |
530.6 |
549.3 |
590.7 |
623.2 |
669.4 |
725.5 |
794.5 |
839.5 |
917.6 |
991.5 |
1,046.1 |
1,136.2 |
1,249.1 |
1,398.2 |
1,516.7 |
1,648.4 |
1,841.0 |
2,052.1 |
2,318.0 |
2,599.3 |
2,830.8 |
3,166.1 |
3,295.7 |
3,571.8 |
3,968.1 |
4,238.4 |
4,468.3 |
4,756.2 |
5,126.8 |
5,509.4 |
5,832.2 |
6,010.9 |
6,342.3 |
6,666.7 |
7,071.1 |
7,420.9 |
7,831.2 |
8,305.0 |
8,750.0 |
9,236.2 |
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| Less: Consumption of fixed capital. |
54.8 |
56.9 |
58.5 |
61.0 |
63.6 |
66.6 |
70.8 |
76.5 |
83.1 |
90.9 |
99.8 |
109.1 |
118.9 |
130.9 |
142.9 |
164.8 |
190.9 |
209.0 |
231.6 |
261.5 |
300.4 |
345.2 |
394.8 |
436.5 |
456.1 |
482.4 |
516.5 |
551.6 |
586.1 |
627.4 |
677.2 |
711.3 |
748.0 |
787.5 |
812.8 |
874.9 |
911.7 |
956.2 |
1,009.1 |
1,064.6 |
1,135.8 |
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| Private. |
40.2 |
41.8 |
42.8 |
44.3 |
46.0 |
48.4 |
51.7 |
56.3 |
61.4 |
67.4 |
74.5 |
81.8 |
89.8 |
99.4 |
109.1 |
126.9 |
149.1 |
164.5 |
184.4 |
210.7 |
244.9 |
282.6 |
323.9 |
357.5 |
372.7 |
393.5 |
422.5 |
450.8 |
478.2 |
512.4 |
554.0 |
579.5 |
608.1 |
642.2 |
660.1 |
714.6 |
743.6 |
781.9 |
828.5 |
878.4 |
939.7 |
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| Capital consumption |
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| allowances.. |
37.8 |
39.9 |
41.6 |
46.2 |
49.0 |
52.1 |
55.9 |
60.2 |
65.1 |
70.3 |
77.0 |
82.6 |
88.9 |
99.5 |
108.3 |
119.8 |
131.5 |
142.6 |
161.9 |
183.1 |
209.7 |
238.6 |
292.8 |
335.1 |
376.0 |
424.1 |
479.6 |
495.3 |
515.6 |
545.4 |
573.0 |
574.7 |
589.2 |
612.8 |
637.9 |
688.6 |
729.3 |
779.4 |
844.0 |
906.2 |
975.5 |
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| Less: Capital consumption |
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| adjustment. |
-2.4 |
-1.9 |
-1.2 |
1.8 |
3.0 |
3.8 |
4.1 |
3.9 |
3.6 |
2.9 |
2.5 |
0.8 |
-0.9 |
0.1 |
-0.9 |
-7.2 |
-17.6 |
-21.9 |
-22.5 |
-27.6 |
-35.2 |
-44.0 |
-31.0 |
-22.4 |
3.2 |
30.6 |
57.1 |
44.5 |
37.4 |
33.1 |
19.0 |
-4.8 |
-18.9 |
-29.4 |
-22.2 |
-26.0 |
-14.3 |
-2.5 |
15.4 |
27.7 |
35.8 |
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| Government.. |
14.6 |
15.2 |
15.7 |
16.7 |
17.6 |
18.3 |
19.1 |
20.2 |
21.7 |
23.4 |
25.2 |
27.3 |
29.2 |
31.5 |
33.8 |
37.9 |
41.8 |
44.4 |
47.2 |
50.8 |
55.5 |
62.7 |
71.0 |
79.0 |
83.3 |
88.8 |
94.0 |
100.8 |
107.8 |
115.0 |
123.2 |
131.8 |
140.0 |
145.3 |
152.6 |
160.3 |
168.1 |
174.3 |
180.5 |
186.2 |
196.0 |
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| General government.. |
13.6 |
14.1 |
14.6 |
15.4 |
16.3 |
16.9 |
17.6 |
18.6 |
19.9 |
21.5 |
23.0 |
24.8 |
26.4 |
28.4 |
30.3 |
33.7 |
36.7 |
38.9 |
41.2 |
44.1 |
47.9 |
53.9 |
61.0 |
68.1 |
71.9 |
76.7 |
81.0 |
87.1 |
93.2 |
99.4 |
106.3 |
113.9 |
121.2 |
125.5 |
131.5 |
137.5 |
144.3 |
149.2 |
154.2 |
158.6 |
166.8 |
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| Government enterprises.. |
1.0 |
1.1 |
1.2 |
1.2 |
1.3 |
1.4 |
1.5 |
1.6 |
1.8 |
2.0 |
2.2 |
2.5 |
2.8 |
3.1 |
3.5 |
4.3 |
5.1 |
5.5 |
6.0 |
6.7 |
7.6 |
8.8 |
10.0 |
10.9 |
11.5 |
12.2 |
12.9 |
13.8 |
14.6 |
15.6 |
16.9 |
17.9 |
18.8 |
19.8 |
21.1 |
22.9 |
23.9 |
25.0 |
26.3 |
27.6 |
29.3 |
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| Equals: Net national product. |
455.5 |
473.6 |
490.8 |
529.7 |
559.6 |
602.8 |
654.7 |
717.9 |
756.4 |
826.7 |
891.7 |
937.0 |
1,017.3 |
1,118.2 |
1,255.3 |
1,351.9 |
1,457.5 |
1,632.1 |
1,820.5 |
2,056.5 |
2,298.9 |
2,485.6 |
2,771.2 |
2,859.2 |
3,115.7 |
3,485.7 |
3,721.9 |
3,916.8 |
4,170.1 |
4,499.4 |
4,832.2 |
5,120.9 |
5,262.8 |
5,554.9 |
5,853.9 |
6,196.2 |
6,509.1 |
6,875.0 |
7,295.9 |
7,685.4 |
8,100.4 |
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| Less: Indirect business tax and |
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| nontax liability |
41.9 |
45.5 |
48.1 |
51.7 |
54.7 |
58.8 |
62.7 |
65.4 |
70.4 |
79.0 |
86.6 |
94.3 |
103.6 |
111.4 |
121.0 |
129.3 |
140.0 |
151.6 |
165.5 |
177.8 |
188.7 |
212.0 |
249.3 |
256.7 |
280.3 |
309.1 |
329.4 |
346.8 |
369.3 |
392.6 |
420.7 |
447.3 |
482.3 |
510.6 |
540.1 |
575.3 |
594.6 |
620.0 |
645.8 |
677.0 |
716.3 |
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| Business transfer payments |
1.4 |
1.4 |
1.5 |
1.6 |
1.8 |
2.0 |
2.2 |
2.3 |
2.5 |
2.8 |
3.1 |
3.2 |
3.4 |
3.9 |
4.5 |
5.0 |
5.2 |
6.5 |
7.3 |
8.2 |
9.9 |
11.2 |
13.4 |
15.2 |
16.2 |
18.6 |
20.7 |
23.8 |
24.2 |
25.3 |
25.8 |
26.1 |
25.9 |
28.1 |
27.8 |
30.8 |
33.5 |
34.4 |
36.9 |
38.1 |
39.4 |
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| Statistical discrepancy.. |
0.8 |
-0.6 |
-0.2 |
0.7 |
-0.4 |
1.2 |
1.9 |
6.4 |
4.8 |
4.3 |
2.9 |
6.9 |
11.3 |
8.7 |
8.0 |
10.0 |
17.7 |
24.5 |
21.6 |
21.0 |
35.7 |
33.9 |
27.5 |
2.5 |
47.0 |
18.6 |
11.7 |
43.9 |
3.3 |
-42.2 |
16.3 |
30.6 |
19.6 |
43.7 |
63.8 |
58.5 |
26.5 |
32.8 |
-3.2 |
-47.6 |
-125.1 |
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| Plus: Subsidies less current |
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| surplus of government enterprises. |
0.1 |
0.2 |
1.2 |
1.4 |
0.9 |
1.4 |
1.7 |
3.0 |
2.9 |
3.0 |
3.5 |
4.8 |
4.9 |
6.1 |
5.6 |
4.2 |
7.7 |
6.9 |
9.7 |
10.6 |
11.0 |
14.5 |
16.1 |
18.1 |
24.3 |
22.9 |
20.4 |
23.6 |
30.1 |
27.4 |
22.6 |
25.3 |
21.5 |
22.4 |
29.6 |
25.2 |
22.2 |
22.6 |
19.0 |
20.8 |
26.5 |
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| Equals: National income.. |
411.5 |
427.5 |
442.5 |
477.1 |
504.4 |
542.1 |
589.6 |
646.7 |
681.7 |
743.6 |
802.7 |
837.5 |
903.9 |
1,000.4 |
1,127.4 |
1,211.9 |
1,302.2 |
1,456.4 |
1,635.8 |
1,860.2 |
2,075.6 |
2,243.0 |
2,497.1 |
2,603.0 |
2,796.5 |
3,162.3 |
3,380.4 |
3,525.8 |
3,803.4 |
4,151.1 |
4,392.1 |
4,642.1 |
4,756.6 |
4,994.9 |
5,251.9 |
5,556.8 |
5,876.7 |
6,210.4 |
6,635.5 |
7,038.8 |
7,496.3 |
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| Less: Corporate profits with |
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| inventory valuation and capital |
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| consumption adjustments. |
53.7 |
52.3 |
53.5 |
61.6 |
67.6 |
74.8 |
86.0 |
92.0 |
89.6 |
96.5 |
93.7 |
81.6 |
95.1 |
109.8 |
123.9 |
114.5 |
133.0 |
160.6 |
190.9 |
217.2 |
222.5 |
198.5 |
219.0 |
201.2 |
254.1 |
309.8 |
322.4 |
300.7 |
346.6 |
405.0 |
395.7 |
408.6 |
431.2 |
453.1 |
510.5 |
573.2 |
668.8 |
754.0 |
838.5 |
848.4 |
892.7 |
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| Net interest |
9.7 |
10.7 |
12.4 |
14.1 |
15.2 |
17.3 |
19.7 |
22.6 |
25.4 |
27.2 |
32.2 |
38.4 |
42.6 |
46.2 |
53.9 |
68.8 |
76.6 |
80.8 |
95.7 |
114.5 |
144.2 |
183.9 |
226.5 |
256.3 |
267.2 |
309.6 |
326.7 |
343.6 |
361.5 |
389.4 |
443.1 |
452.4 |
429.8 |
399.5 |
374.3 |
380.5 |
389.8 |
386.3 |
412.5 |
435.7 |
467.5 |
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| Contributions for social |
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| insurance.. |
13.8 |
16.4 |
17.0 |
19.1 |
21.7 |
22.4 |
23.4 |
31.3 |
34.9 |
38.7 |
44.1 |
46.4 |
51.2 |
59.2 |
75.5 |
85.2 |
89.3 |
101.3 |
113.1 |
131.3 |
152.7 |
166.2 |
195.7 |
208.9 |
226.0 |
257.5 |
281.4 |
303.4 |
323.1 |
361.5 |
385.2 |
410.1 |
430.2 |
455.0 |
477.8 |
508.4 |
533.2 |
555.8 |
588.2 |
621.9 |
658.2 |
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| Wage accruals less |
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| disbursements |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.6 |
0.0 |
-0.1 |
-0.5 |
0.1 |
0.1 |
0.1 |
0.3 |
-0.2 |
0.0 |
0.1 |
0.0 |
-0.4 |
0.2 |
-0.2 |
0.0 |
0.0 |
0.0 |
0.0 |
0.1 |
-0.1 |
-15.8 |
6.4 |
17.6 |
16.4 |
3.6 |
-4.1 |
3.5 |
0.0 |
|
| Plus: Personal interest income. |
23.0 |
25.6 |
27.3 |
30.2 |
33.0 |
36.9 |
40.8 |
45.3 |
49.4 |
54.1 |
62.3 |
71.5 |
77.5 |
84.2 |
97.6 |
116.1 |
128.0 |
140.5 |
161.9 |
191.3 |
233.5 |
286.4 |
352.7 |
401.6 |
431.6 |
505.3 |
546.4 |
579.2 |
609.7 |
650.5 |
736.5 |
772.4 |
771.8 |
750.1 |
725.5 |
742.4 |
792.5 |
810.6 |
854.9 |
897.8 |
931.3 |
|
| Personal dividend income. |
12.6 |
13.4 |
13.9 |
15.0 |
16.2 |
18.2 |
20.2 |
20.7 |
21.5 |
23.5 |
24.2 |
24.3 |
25.0 |
26.8 |
29.9 |
33.2 |
32.9 |
39.0 |
44.7 |
50.7 |
57.4 |
64.0 |
73.6 |
76.1 |
83.5 |
90.8 |
97.5 |
106.1 |
112.1 |
129.4 |
154.8 |
165.4 |
178.3 |
185.3 |
203.0 |
234.7 |
254.0 |
297.4 |
333.4 |
348.3 |
364.3 |
|
| Government transfer payments |
|
|
|
|
|
|
|
|
|
|
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|
| to persons |
22.9 |
24.4 |
28.1 |
28.8 |
30.3 |
31.3 |
33.9 |
37.5 |
45.4 |
53.0 |
58.8 |
71.6 |
85.2 |
94.6 |
108.1 |
128.4 |
163.0 |
176.9 |
188.7 |
202.5 |
226.4 |
270.2 |
307.0 |
342.3 |
369.4 |
378.3 |
403.1 |
428.4 |
447.8 |
476.1 |
519.2 |
573.1 |
649.1 |
729.2 |
776.5 |
810.1 |
860.1 |
902.4 |
934.5 |
954.8 |
988.6 |
|
| Business transfer payments to |
|
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|
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|
| persons |
1.3 |
1.3 |
1.4 |
1.5 |
1.7 |
1.8 |
2.0 |
2.1 |
2.3 |
2.5 |
2.8 |
2.8 |
3.0 |
3.4 |
3.8 |
4.0 |
4.5 |
5.5 |
5.9 |
6.8 |
7.9 |
8.8 |
10.2 |
11.8 |
12.8 |
15.1 |
17.8 |
20.7 |
20.8 |
20.8 |
21.1 |
21.3 |
20.8 |
22.5 |
22.1 |
23.7 |
25.8 |
26.4 |
27.9 |
28.8 |
29.6 |
|
| Equals: Personal income. |
394.0 |
412.7 |
430.3 |
457.9 |
481.0 |
515.8 |
557.4 |
606.4 |
650.4 |
714.5 |
780.8 |
841.1 |
905.1 |
994.3 |
1,113.4 |
1,225.6 |
1,331.7 |
1,475.4 |
1,637.1 |
1,848.3 |
2,081.5 |
2,323.9 |
2,599.4 |
2,768.4 |
2,946.9 |
3,274.8 |
3,515.0 |
3,712.4 |
3,962.5 |
4,272.1 |
4,599.8 |
4,903.2 |
5,085.4 |
5,390.4 |
5,610.0 |
5,888.0 |
6,200.9 |
6,547.4 |
6,951.1 |
7,358.9 |
7,791.8 |
|
| |
|
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Personal income. |
394.0 |
412.7 |
430.3 |
457.9 |
481.0 |
515.8 |
557.4 |
606.4 |
650.4 |
714.5 |
780.8 |
841.1 |
905.1 |
994.3 |
1,113.4 |
1,225.6 |
1,331.7 |
1,475.4 |
1,637.1 |
1,848.3 |
2,081.5 |
2,323.9 |
2,599.4 |
2,768.4 |
2,946.9 |
3,274.8 |
3,515.0 |
3,712.4 |
3,962.5 |
4,272.1 |
4,599.8 |
4,903.2 |
5,085.4 |
5,390.4 |
5,610.0 |
5,888.0 |
6,200.9 |
6,547.4 |
6,951.1 |
7,358.9 |
7,791.8 |
|
| Wage and salary disbursements.. |
259.8 |
272.8 |
280.5 |
299.3 |
314.8 |
337.7 |
363.7 |
400.3 |
428.9 |
471.9 |
518.3 |
551.5 |
583.9 |
638.7 |
708.7 |
772.6 |
814.6 |
899.5 |
993.9 |
1,120.7 |
1,255.8 |
1,377.5 |
1,517.2 |
1,593.4 |
1,684.7 |
1,854.6 |
1,995.4 |
2,114.4 |
2,270.2 |
2,452.7 |
2,596.8 |
2,754.6 |
2,824.2 |
2,982.6 |
3,085.2 |
3,236.7 |
3,424.7 |
3,626.5 |
3,888.9 |
4,186.0 |
4,472.3 |
|
| Private industries |
213.8 |
223.7 |
228.0 |
243.0 |
254.8 |
272.9 |
293.8 |
321.9 |
342.5 |
375.3 |
412.7 |
434.3 |
457.4 |
501.2 |
560.0 |
611.8 |
638.6 |
710.8 |
791.6 |
901.2 |
1,018.7 |
1,116.2 |
1,231.7 |
1,286.1 |
1,359.8 |
1,507.0 |
1,621.7 |
1,717.8 |
1,848.0 |
2,001.8 |
2,117.1 |
2,237.9 |
2,278.6 |
2,414.9 |
2,500.3 |
2,632.8 |
2,802.0 |
2,985.5 |
3,224.4 |
3,493.2 |
3,745.8 |
|
| Commodity-producing industries.. |
109.9 |
113.4 |
114.0 |
122.2 |
127.4 |
136.0 |
146.6 |
161.6 |
169.0 |
184.1 |
200.4 |
203.7 |
209.1 |
228.2 |
255.9 |
276.5 |
277.1 |
309.7 |
346.1 |
392.6 |
442.3 |
472.3 |
514.5 |
514.6 |
527.7 |
586.1 |
620.2 |
636.8 |
660.1 |
706.7 |
732.2 |
754.4 |
746.3 |
765.7 |
780.6 |
824.0 |
863.6 |
908.2 |
975.5 |
1,038.7 |
1,082.4 |
|
| Manufacturing.. |
86.9 |
89.8 |
89.9 |
96.8 |
100.7 |
107.3 |
115.7 |
128.2 |
134.3 |
146.0 |
157.7 |
158.4 |
160.5 |
175.6 |
196.6 |
211.8 |
211.6 |
238.0 |
266.7 |
300.1 |
335.2 |
356.2 |
387.6 |
385.7 |
400.7 |
445.4 |
468.5 |
480.7 |
496.9 |
529.9 |
547.9 |
561.4 |
562.5 |
583.5 |
592.4 |
620.3 |
647.5 |
673.7 |
718.8 |
757.5 |
779.7 |
|
| Distributive industries. |
65.1 |
68.6 |
69.6 |
73.3 |
76.8 |
82.0 |
87.9 |
95.1 |
101.6 |
110.8 |
121.7 |
131.2 |
140.4 |
153.3 |
170.3 |
186.8 |
198.1 |
219.5 |
242.7 |
274.9 |
308.5 |
336.7 |
368.5 |
385.9 |
405.7 |
445.2 |
476.5 |
501.6 |
535.4 |
575.1 |
606.5 |
633.6 |
646.3 |
680.2 |
697.3 |
738.4 |
782.1 |
822.4 |
879.1 |
944.6 |
1,005.8 |
|
| Service industries |
38.8 |
41.7 |
44.4 |
47.6 |
50.7 |
54.9 |
59.4 |
65.3 |
72.0 |
80.4 |
90.6 |
99.4 |
107.9 |
119.7 |
133.9 |
148.6 |
163.4 |
181.6 |
202.8 |
233.7 |
267.8 |
307.2 |
348.6 |
385.6 |
426.4 |
475.6 |
524.9 |
579.3 |
652.4 |
720.1 |
778.5 |
849.9 |
886.0 |
969.0 |
1,022.4 |
1,070.4 |
1,156.3 |
1,254.9 |
1,369.8 |
1,509.9 |
1,657.6 |
|
| Government.. |
46.0 |
49.2 |
52.4 |
56.3 |
60.0 |
64.9 |
69.9 |
78.3 |
86.4 |
96.6 |
105.5 |
117.1 |
126.5 |
137.4 |
148.7 |
160.9 |
176.0 |
188.6 |
202.3 |
219.6 |
237.1 |
261.3 |
285.6 |
307.3 |
325.0 |
347.6 |
373.8 |
396.6 |
422.2 |
450.9 |
479.7 |
516.7 |
545.6 |
567.7 |
584.9 |
603.9 |
622.7 |
641.0 |
664.4 |
692.8 |
726.5 |
|
| Other labor income |
13.4 |
14.4 |
15.2 |
16.7 |
18.0 |
20.3 |
22.7 |
25.5 |
28.2 |
32.5 |
36.6 |
41.9 |
48.0 |
55.3 |
62.8 |
73.3 |
87.6 |
105.3 |
125.3 |
143.4 |
162.6 |
185.4 |
204.8 |
222.8 |
238.6 |
262.1 |
282.3 |
298.4 |
319.1 |
336.5 |
360.5 |
390.0 |
415.6 |
449.5 |
482.8 |
507.5 |
497.0 |
490.0 |
500.9 |
515.7 |
535.8 |
|
| Proprietors' income with |
|
|
|
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|
| inventory valuation and capital |
|
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|
| consumption adjustments.. |
51.8 |
51.9 |
54.4 |
56.5 |
57.8 |
60.6 |
65.2 |
69.6 |
71.1 |
75.4 |
78.9 |
79.8 |
86.1 |
97.7 |
115.2 |
115.5 |
121.6 |
134.3 |
148.3 |
170.1 |
183.7 |
177.6 |
186.2 |
179.9 |
195.5 |
247.5 |
267.0 |
278.6 |
303.9 |
338.8 |
361.8 |
381.0 |
384.2 |
434.3 |
461.8 |
476.6 |
497.7 |
544.7 |
578.6 |
606.1 |
658.5 |
|
| Farm. |
10.9 |
11.4 |
12.1 |
12.1 |
11.9 |
10.8 |
13.1 |
14.1 |
12.8 |
12.8 |
14.2 |
14.3 |
14.9 |
18.8 |
30.7 |
25.2 |
23.5 |
18.7 |
17.5 |
21.5 |
23.7 |
13.1 |
20.3 |
14.4 |
7.2 |
21.6 |
21.5 |
23.0 |
29.0 |
26.0 |
32.2 |
31.1 |
26.4 |
32.7 |
30.1 |
31.9 |
22.2 |
34.3 |
29.5 |
25.1 |
31.3 |
|
| Nonfarm.. |
40.9 |
40.4 |
42.3 |
44.4 |
45.8 |
49.9 |
52.2 |
55.5 |
58.4 |
62.6 |
64.7 |
65.5 |
71.2 |
78.9 |
84.5 |
90.3 |
98.1 |
115.6 |
130.8 |
148.5 |
160.0 |
164.5 |
165.9 |
165.4 |
188.3 |
225.9 |
245.5 |
255.6 |
274.8 |
312.7 |
329.6 |
349.9 |
357.8 |
401.7 |
431.7 |
444.6 |
475.5 |
510.5 |
549.1 |
581.0 |
627.3 |
|
| Rental income of persons with |
|
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|
| capital consumption adjustment.. |
15.2 |
16.2 |
16.9 |
17.8 |
18.5 |
18.6 |
19.2 |
19.9 |
20.4 |
20.2 |
20.3 |
20.3 |
21.2 |
21.6 |
23.1 |
23.0 |
22.0 |
21.5 |
20.4 |
22.4 |
24.5 |
31.3 |
39.6 |
39.6 |
36.9 |
39.5 |
39.1 |
32.2 |
35.8 |
44.1 |
40.5 |
49.1 |
56.4 |
63.3 |
90.9 |
110.3 |
117.9 |
129.7 |
130.2 |
137.4 |
145.9 |
|
| Personal dividend income. |
12.6 |
13.4 |
13.9 |
15.0 |
16.2 |
18.2 |
20.2 |
20.7 |
21.5 |
23.5 |
24.2 |
24.3 |
25.0 |
26.8 |
29.9 |
33.2 |
32.9 |
39.0 |
44.7 |
50.7 |
57.4 |
64.0 |
73.6 |
76.1 |
83.5 |
90.8 |
97.5 |
106.1 |
112.1 |
129.4 |
154.8 |
165.4 |
178.3 |
185.3 |
203.0 |
234.7 |
254.0 |
297.4 |
333.4 |
348.3 |
364.3 |
|
| Personal interest income |
23.0 |
25.6 |
27.3 |
30.2 |
33.0 |
36.9 |
40.8 |
45.3 |
49.4 |
54.1 |
62.3 |
71.5 |
77.5 |
84.2 |
97.6 |
116.1 |
128.0 |
140.5 |
161.9 |
191.3 |
233.5 |
286.4 |
352.7 |
401.6 |
431.6 |
505.3 |
546.4 |
579.2 |
609.7 |
650.5 |
736.5 |
772.4 |
771.8 |
750.1 |
725.5 |
742.4 |
792.5 |
810.6 |
854.9 |
897.8 |
931.3 |
|
| Transfer payments to persons.. |
24.2 |
25.7 |
29.5 |
30.3 |
32.0 |
33.2 |
35.9 |
39.6 |
47.6 |
55.6 |
61.6 |
74.3 |
88.2 |
98.0 |
111.9 |
132.3 |
167.5 |
182.3 |
194.6 |
209.3 |
234.2 |
279.0 |
317.2 |
354.2 |
382.2 |
393.4 |
420.9 |
449.0 |
468.6 |
496.9 |
540.4 |
594.4 |
669.9 |
751.7 |
798.6 |
833.9 |
885.9 |
928.8 |
962.4 |
983.6 |
1,018.2 |
|
| Old-age, survivors, disability, |
|
|
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|
| and health insurance benefits. |
10.2 |
11.1 |
12.6 |
14.3 |
15.2 |
16.0 |
18.1 |
20.8 |
25.5 |
30.2 |
32.9 |
38.5 |
44.5 |
49.6 |
60.4 |
70.1 |
81.4 |
92.9 |
104.9 |
116.2 |
131.8 |
154.2 |
182.0 |
204.5 |
221.7 |
235.7 |
253.4 |
269.2 |
282.9 |
300.5 |
325.2 |
352.1 |
382.4 |
414.0 |
444.4 |
473.0 |
508.0 |
537.6 |
565.8 |
578.1 |
596.4 |
|
| Government unemployment |
|
|
|
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|
| insurance benefits |
2.8 |
3.0 |
4.3 |
3.1 |
3.0 |
2.7 |
2.3 |
1.9 |
2.2 |
2.1 |
2.2 |
4.0 |
5.8 |
5.7 |
4.4 |
6.8 |
17.6 |
15.8 |
12.7 |
9.7 |
9.8 |
16.1 |
15.9 |
25.2 |
26.3 |
15.9 |
15.7 |
16.3 |
14.5 |
13.2 |
14.3 |
18.0 |
26.6 |
38.9 |
34.1 |
23.6 |
21.5 |
22.1 |
20.0 |
19.8 |
20.3 |
|
| Veterans benefits. |
4.6 |
4.6 |
5.0 |
4.7 |
4.8 |
4.7 |
4.9 |
4.9 |
5.6 |
5.9 |
6.7 |
7.7 |
8.8 |
9.7 |
10.4 |
11.8 |
14.5 |
14.4 |
13.8 |
13.9 |
14.4 |
15.0 |
16.1 |
16.4 |
16.6 |
16.4 |
16.7 |
16.7 |
16.6 |
16.9 |
17.3 |
17.8 |
18.3 |
19.3 |
20.1 |
20.1 |
20.9 |
21.7 |
22.5 |
23.3 |
24.3 |
|
| Other transfer payments. |
6.7 |
7.0 |
7.6 |
8.3 |
8.9 |
9.7 |
10.6 |
12.1 |
14.4 |
17.3 |
19.7 |
24.2 |
29.2 |
33.0 |
36.7 |
43.6 |
54.0 |
59.3 |
63.2 |
69.5 |
78.2 |
93.8 |
103.3 |
108.1 |
117.7 |
125.5 |
135.1 |
146.8 |
154.6 |
166.4 |
183.6 |
206.5 |
242.6 |
279.5 |
300.0 |
317.1 |
335.6 |
347.4 |
354.1 |
362.3 |
377.2 |
|
| Family assistance1 |
0.9 |
1.0 |
1.1 |
1.3 |
1.4 |
1.5 |
1.7 |
1.9 |
2.3 |
2.8 |
3.5 |
4.8 |
6.2 |
6.9 |
7.2 |
8.0 |
9.3 |
10.1 |
10.6 |
10.8 |
11.1 |
12.5 |
13.1 |
12.9 |
13.8 |
14.5 |
15.2 |
16.1 |
16.4 |
16.9 |
17.5 |
19.2 |
21.1 |
22.2 |
22.8 |
23.2 |
22.6 |
20.3 |
17.6 |
17.1 |
15.9 |
|
| Other. |
5.7 |
6.1 |
6.5 |
7.0 |
7.6 |
8.2 |
9.0 |
10.2 |
12.1 |
14.5 |
16.2 |
19.4 |
23.0 |
26.1 |
29.5 |
35.6 |
44.7 |
49.2 |
52.5 |
58.7 |
67.1 |
81.3 |
90.2 |
95.2 |
103.8 |
111.0 |
119.9 |
130.6 |
138.2 |
149.5 |
166.1 |
187.3 |
221.5 |
257.3 |
277.2 |
294.0 |
313.0 |
327.1 |
336.5 |
345.2 |
361.3 |
|
| Less: Personal contributions for |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| social insurance. |
6.0 |
7.2 |
7.4 |
7.9 |
9.3 |
9.8 |
10.3 |
14.5 |
16.8 |
18.7 |
21.4 |
22.5 |
24.7 |
28.0 |
35.7 |
40.5 |
42.6 |
46.9 |
52.0 |
59.7 |
70.2 |
77.2 |
92.1 |
99.1 |
106.1 |
118.4 |
133.6 |
145.6 |
156.8 |
176.8 |
191.6 |
203.7 |
215.1 |
226.6 |
237.8 |
254.1 |
268.8 |
280.4 |
298.1 |
315.9 |
334.6 |
|
| Less: Personal tax and nontax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| payments. |
42.8 |
46.6 |
47.9 |
52.3 |
55.3 |
52.8 |
58.4 |
67.3 |
74.2 |
88.3 |
105.9 |
104.6 |
103.4 |
125.6 |
134.5 |
153.3 |
150.3 |
175.5 |
201.2 |
233.5 |
273.3 |
304.2 |
351.5 |
361.6 |
360.9 |
387.2 |
428.5 |
449.9 |
503.0 |
519.7 |
583.5 |
609.6 |
610.5 |
635.8 |
674.6 |
722.6 |
778.3 |
869.7 |
968.3 |
1,072.6 |
1,152.1 |
|
| Equals: Disposable personal income.. |
351.2 |
366.2 |
382.4 |
405.6 |
425.8 |
463.0 |
498.9 |
539.1 |
576.2 |
626.2 |
675.0 |
736.5 |
801.7 |
868.6 |
979.0 |
1,072.3 |
1,181.4 |
1,299.9 |
1,436.0 |
1,614.8 |
1,808.2 |
2,019.8 |
2,247.9 |
2,406.8 |
2,586.0 |
2,887.6 |
3,086.5 |
3,262.5 |
3,459.5 |
3,752.4 |
4,016.3 |
4,293.6 |
4,474.8 |
4,754.6 |
4,935.3 |
5,165.4 |
5,422.6 |
5,677.7 |
5,982.8 |
6,286.2 |
6,639.7 |
|
| Less: Personal outlays |
324.7 |
339.8 |
350.5 |
372.2 |
392.7 |
422.4 |
456.2 |
494.6 |
522.3 |
573.6 |
622.3 |
667.0 |
721.6 |
791.7 |
876.5 |
957.9 |
1,056.2 |
1,177.8 |
1,310.4 |
1,469.4 |
1,642.4 |
1,814.1 |
2,004.2 |
2,144.6 |
2,358.2 |
2,581.1 |
2,803.9 |
2,994.7 |
3,206.7 |
3,460.1 |
3,714.4 |
3,959.3 |
4,103.2 |
4,340.9 |
4,584.5 |
4,849.9 |
5,120.2 |
5,405.6 |
5,711.7 |
6,056.6 |
6,483.3 |
|
| Personal consumption expenditures |
318.1 |
332.3 |
342.7 |
363.8 |
383.1 |
411.7 |
444.3 |
481.8 |
508.7 |
558.7 |
605.5 |
648.9 |
702.4 |
770.7 |
852.5 |
932.4 |
1,030.3 |
1,149.8 |
1,278.4 |
1,430.4 |
1,596.3 |
1,762.9 |
1,944.2 |
2,079.3 |
2,286.4 |
2,498.4 |
2,712.6 |
2,895.2 |
3,105.3 |
3,356.6 |
3,596.7 |
3,831.5 |
3,971.2 |
4,209.7 |
4,454.7 |
4,716.4 |
4,969.0 |
5,237.5 |
5,524.4 |
5,848.6 |
6,257.3 |
|
| Interest paid by persons.. |
6.1 |
7.0 |
7.3 |
7.8 |
8.9 |
10.0 |
11.1 |
12.0 |
12.5 |
13.8 |
15.7 |
16.8 |
17.8 |
19.6 |
22.4 |
24.2 |
24.5 |
26.6 |
30.7 |
37.5 |
44.5 |
49.4 |
54.6 |
58.8 |
65.0 |
75.0 |
83.2 |
90.6 |
91.5 |
92.9 |
106.4 |
115.8 |
118.9 |
118.7 |
115.4 |
117.9 |
134.7 |
149.9 |
166.7 |
185.7 |
201.7 |
|
| Personal transfer payments to the |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| rest of the world (net).. |
0.5 |
0.5 |
0.5 |
0.5 |
0.7 |
0.7 |
0.8 |
0.8 |
1.0 |
1.0 |
1.1 |
1.3 |
1.3 |
1.4 |
1.5 |
1.3 |
1.3 |
1.3 |
1.3 |
1.5 |
1.6 |
1.8 |
5.5 |
6.5 |
6.8 |
7.7 |
8.1 |
9.0 |
9.9 |
10.6 |
11.4 |
12.0 |
13.0 |
12.5 |
14.4 |
15.6 |
16.5 |
18.2 |
20.6 |
22.3 |
24.3 |
|
| Equals: Personal saving |
26.5 |
26.4 |
31.9 |
33.5 |
33.1 |
40.5 |
42.7 |
44.5 |
54.0 |
52.7 |
52.6 |
69.5 |
80.1 |
76.9 |
102.5 |
114.3 |
125.2 |
122.1 |
125.6 |
145.4 |
165.8 |
205.6 |
243.7 |
262.2 |
227.8 |
306.5 |
282.6 |
267.8 |
252.8 |
292.3 |
301.8 |
334.3 |
371.7 |
413.7 |
350.8 |
315.5 |
302.4 |
272.1 |
271.1 |
229.7 |
156.3 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Addenda: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Disposable personal income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total, billions of chained |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1996) dollars1.. |
1,623.8 |
1,664.8 |
1,720.0 |
1,803.5 |
1,871.5 |
2,006.9 |
2,131.0 |
2,244.6 |
2,340.5 |
2,448.2 |
2,524.3 |
2,630.0 |
2,745.3 |
2,874.3 |
3,072.3 |
3,051.9 |
3,108.5 |
3,243.5 |
3,360.7 |
3,527.5 |
3,628.6 |
3,658.0 |
3,741.1 |
3,791.7 |
3,906.9 |
4,207.6 |
4,347.8 |
4,486.6 |
4,582.5 |
4,784.1 |
4,906.5 |
5,014.2 |
5,033.0 |
5,189.3 |
5,261.3 |
5,397.2 |
5,539.1 |
5,677.7 |
5,866.7 |
6,107.1 |
6,349.4 |
|
| Per capita: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current dollars.. |
1,983.0 |
2,026.0 |
2,081.0 |
2,174.0 |
2,249.0 |
2,412.0 |
2,567.0 |
2,742.0 |
2,899.0 |
3,119.0 |
3,329.0 |
3,591.0 |
3,860.0 |
4,138.0 |
4,619.0 |
5,013.0 |
5,470.0 |
5,960.0 |
6,519.0 |
7,253.0 |
8,033.0 |
8,869.0 |
9,773.0 |
10,364.0 |
11,036.0 |
12,215.0 |
12,941.0 |
13,555.0 |
14,246.0 |
15,312.0 |
16,235.0 |
17,176.0 |
17,710.0 |
18,616.0 |
19,121.0 |
19,820.0 |
20,613.0 |
21,385.0 |
22,320.0 |
23,231.0 |
24,307.0 |
|
| Chained (1996) dollars. |
9,167.0 |
9,210.0 |
9,361.0 |
9,666.0 |
9,886.0 |
10,456.0 |
10,965.0 |
11,417.0 |
11,776.0 |
12,196.0 |
12,451.0 |
12,823.0 |
13,218.0 |
13,692.0 |
14,496.0 |
14,268.0 |
14,393.0 |
14,873.0 |
15,256.0 |
15,845.0 |
16,120.0 |
16,063.0 |
16,265.0 |
16,328.0 |
16,673.0 |
17,799.0 |
18,229.0 |
18,641.0 |
18,870.0 |
19,522.0 |
19,833.0 |
20,058.0 |
19,919.0 |
20,318.0 |
20,384.0 |
20,709.0 |
21,055.0 |
21,385.0 |
21,887.0 |
22,569.0 |
23,244.0 |
|
| Population (mid-period, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| millions).. |
177.1 |
180.8 |
183.7 |
186.6 |
189.3 |
191.9 |
194.3 |
196.6 |
198.8 |
200.7 |
202.7 |
205.1 |
207.7 |
209.9 |
211.9 |
213.9 |
216.0 |
218.1 |
220.3 |
222.6 |
225.1 |
227.7 |
230.0 |
232.2 |
234.3 |
236.4 |
238.5 |
240.7 |
242.8 |
245.1 |
247.4 |
250.0 |
252.7 |
255.4 |
258.1 |
260.6 |
263.1 |
265.5 |
268.0 |
270.6 |
273.2 |
|
| Personal saving as percentage of |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| disposable personal income. |
7.6 |
7.2 |
8.3 |
8.3 |
7.8 |
8.8 |
8.6 |
8.3 |
9.4 |
8.4 |
7.8 |
9.4 |
10.0 |
8.9 |
10.5 |
10.7 |
10.6 |
9.4 |
8.7 |
9.0 |
9.2 |
10.2 |
10.8 |
10.9 |
8.8 |
10.6 |
9.2 |
8.2 |
7.3 |
7.8 |
7.5 |
7.8 |
8.3 |
8.7 |
7.1 |
6.1 |
5.6 |
4.8 |
4.5 |
3.7 |
2.4 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Consists largely of receipts by U.S. residents of interest and
dividends and reinvested earnings of foreign affiliates of U.S.
corporations.
2 Consists largely of payments to foreign residents of interest and
dividends and reinvested earnings of U.S. affiliates of foreign
corporations.
3 Includes items not shown separately.
4 Less current surplus of government enterprises.
5 With inventory valuation and capital consumption adjustments.
Source: U.S. Bureau of Economic Analysis,
National Income and Product Accounts of the United States, 1929-97, vol. 1, forthcoming:
and Survey of Current Business, May 2000.
http://www.bea.doc.gov/bea/dn1.htm
****************************************************************************************
National income and product accounts
The national income and product accounts (NIPA's) show the value and composition of the Nation's output and the
distribution of incomes generated in its production. The accounts include estimates of gross domestic product (GDP)-the
market value of the Nation's output of goods and services-in current and real terms, GDP price measures, the goods and
services that make up GDP in current and real terms, national income, personal income, and corporate profits. In addition,
BEA produces specialized measures such as estimates of auto and truck output, GDP of corporate business, housing output,
and business inventories and sales. Estimates of gross product originating by industry are prepared annually in current and real
terms. Measures of the inventory and fixed capital stocks consistent with the NIPA output measures are also provided.
Further, the accounts provide a consistent framework within which estimates of analytical interest-such as the role of research
and development in the U.S. economy or as the interaction of the economy and the environment-can be developed.
The estimates of GDP are prepared each quarter in the following sequence: Advance estimates are released near the end of
the first month after the end of the quarter; as more detailed and comprehensive data become available, preliminary and final
estimates are released near the end of the second and third months, respectively. Monthly estimates of personal income and
outlays are released near the end of the month following the reference month; estimates for the 2 to 4 most recent months are
revised at that time. Ordinarily, annual NIPA revisions are carried out each summer and cover the months and quarters of the
most recent calendar year and the preceding 2 years. (For example, the July 1994 revision covered 1991, 1992, and 1993.)
These revisions are timed to incorporate newly available major annual source data. Comprehensive (benchmark) revisions are
carried out at about 5-year intervals, a comprehensive revision was released in January 1996. Current quarterly NIPA
estimates appear in a set of 54 "selected" tables each month in the SURVEY OF CURRENT BUSINESS. The full set of
NIPA tables (138 tables) usually is published at the time of annual revisions and comprehensive revisions. Annual estimates of
the fixed capital stock are reported shortly thereafter.
****************************************************************************************
Terms
Gross domestic product (GDP), the featured measure of U.S. output, is the market value of the goods and services produced by
labor and property located in the United States. Because the labor and property are located in the United States, the suppliers (that
is, the workers and, for property, the owners) may be either U.S. residents or residents of the rest of the world.
Gross national product (GNP) is the market value of the goods and services produced by labor and property supplied by U.S.
residents. Because the labor and property are supplied by U.S. residents, they may be located either in the United
States or abroad. The difference between GDP and GNP is net receipts of factor income from the rest of the world. These net
receipts represent income from the goods and services produced abroad using the labor and property supplied by U.S. residents
less payments to the rest of the world for the goods and services produced in the United States using the labor and property
supplied by foreign residents. Factor incomes are measured as compensation of employees, corporate profits (dividends, earnings
of unincorporated affiliates, and reinvested earnings of incorporated affiliates), and interest.
Net domestic product (NDP) is the net market value of the goods and services attributable to labor and property located in the
United States and is equal to GDP less consumption of fixed capital (CFC).
Net national product (NNP) is the net market value of goods and services attributable to the labor and property supplied by U.S.
residents and is equal to GNP less CFC. The measure of CFC used for both NDP and NNP relates only to fixed capital located in
the United States. Investment in the capital is measured by private fixed investment and government gross investment.
National income is the sum of the factor incomes. It is a net factor-cost measure (net of CFC) equal to the income that
originates in the production of goods and services from labor and property supplied by U.S. residents.
Domestic income, also a net factor-cost measure, is the income that originates in the production of goods and services attributable
to labor and property located in the United States.
Personal income is the income received by persons from all sourcesthat is, from participation in production, from both
government and business transfer payments, and from government interest (which is treated like a transfer payment). "Persons"
consists of individuals, nonprofit institutions that primarily serve individuals, private noninsured welfare funds, and private trust
funds. Personal income is calculated as the sum of wage and salary disbursements, other labor income, proprietors' income with
inventory valuation and capital consumption adjustments, rental income of persons with capital consumption adjustment, personal
dividend income, personal interest income, and transfer payments to persons, less personal contributions for social insurance.
Disposable personal income is personal income less personal tax and nontax payments. It is the income available to persons for
spending or saving.
National income and product account
GDP is measured as the sum of personal consumption expenditures, gross private domestic investment (including change in
business inventories and before deduction of charges for CFC), net exports of goods and services (exports less imports), and
government consumption expenditures and gross investment. GDP excludes intermediate purchases of goods and services by
business.
Personal consumption expenditures is goods and services purchased by persons resident in the United States. Personal
consumption expenditures (PCE) consists mainly of purchases of new goods and of services by individuals from business. In
addition, PCE includes purchases of new goods and of services by nonprofit institutions (including compensation of employees),
net purchases of used goods by individuals and nonprofit institutions, and purchases abroad of goods and services by U.S.
residents.PCE also includes purchases for certain goods and services provided by government agenciesprimarily tuition
payments for higher education, charges for medical care, and charges for water and sanitary services. Finally, PCE includes imputed
purchases that keep PCE invariant to changes in the way that certain activities are carried outfor example, whether housing is
rented or owned, whether financial services are explicitly charged, or whether employees are paid in cash or in kind.
The following conventions are used to classify each PCE commodity: Durable goods are commodities that can be stored or
inventoried and that have an average life of at least 3 years; nondurable goods are all other commodities that can be stored or
inventoried; and services are commodities that cannot be stored and that are consumed at the place and time of purchase.
Gross private domestic investment consists of fixed investment and change in business inventories. Fixed
investment consists of both nonresidential fixed investment and residential fixed investment. It consists of purchases
of fixed assets, which are commodities that will be used in a production process for more than 1 year, including replacements and
additions to the capital stock, and it is measured before a deduction for consumption of fixed capital. It covers all investment by
private businesses and by nonprofit institutions in the United States, regardless of whether the investment is owned by U.S.
residents. (Purchases of the same types of equipment and structures by government agencies are included in government gross
investment.) It excludes investment by U.S. residents in other countries. Nonresidential fixed investment consists of both structures
and producers' durable equipment (PDE).
*
http://www.allcountries.org/uscensus/721_relation_of_gdp_gnp_net_national.html
These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.
Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.
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