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32. 1997 Economic Census





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]

 
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
 
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
Plus: Receipts of factor income
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
Less: Payments of factor income to
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
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
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
        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
          Capital consumption
           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
          Less: Capital consumption
           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
        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
          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
          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
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
Less: Indirect business tax and
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
      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
      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
Plus: Subsidies less current
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
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
Less: Corporate profits with
inventory valuation and capital
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
      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
      Contributions for social
       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
      Wage accruals less
       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
       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
       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
 
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
   inventory valuation and capital
   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
   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,
     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
     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).

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https://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.

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