Appendix B.—Revisions to Summary National Income and Product Accounts

[Billions of dollars]

1959 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994
Account 1.—National Income and Product Account
Compensation of employees011.614.830.142.948.659.052.651.455.253.153.729.03.7
Wage and salary accruals
0.6.65.39.411.111.510.611.712.511.615.8-5.6-23.1
Disbursements
0.6.65.39.411.111.510.611.712.511.511.69.8-37.9
Wage accruals less disbursements
000000000004.2-15.414.8
Supplements to wages and salaries
011.014.224.833.537.547.642.039.742.741.637.934.626.8
Employer contributions for social insurance
011.011.720.622.222.222.620.818.516.317.915.39.05.6
Other labor income
002.64.211.315.325.021.221.226.323.722.625.621.2
Proprietors' income with inventory valuation and capital consumption adjustments-1.2-.8-5.01.9-2.5-15.9-17.3-1.4-2.3-2.3-13.3-9.2-21.6-22.8
Rental income of persons with capital consumption adjustment3.525.725.127.730.433.642.351.465.975.678.986.178.488.9
Corporate profits with inventory valuation and capital consumption adjustments-2.17.7-.44.01.4-.6-10.1-7.8-6.4-11.1-7.8-3.7-21.3-16.2
Corporate profits with inventory valuation adjustment
0.41.52.15.26.4-.54.75.23.57.39.51.59.9
Profits before tax
0.42.13.74.94.85.76.85.26.09.010.51.93.7
Profits tax liability
0000000001.82.33.3-9.4-7.2
Profits after tax
0.42.03.74.94.85.76.85.24.16.77.211.310.9
Dividends
0-.2-.4.5.4.4.81.54.3-1.63.1-1.65.65.8
Undistributed profits
0.62.53.14.54.24.95.3.85.83.68.85.85.0
Inventory valuation adjustment
00-.6-1.5.31.7-6.2-2.00-2.5-1.8-1.1-.46.2
Capital consumption adjustment
-2.17.3-1.81.9-3.7-7.1-9.6-12.5-11.6-14.6-15.1-13.2-22.8-26.1
Net interest02.55.910.611.012.911.811.23.93.6.6-5.7-1.4-16.9
National income.346.740.674.483.178.685.8106.0112.6120.9111.5121.363.036.7
Business transfer payments0-.2-.4-.4-.1-.3.2-.2-.3-.30.3-.4-.8
To persons
00000000000.2-.7-.9
To the rest of the world
0-.2-.4-.4-.1-.2.1-.2-.3-.300.3.1
Indirect business tax and nontax liability0000-.3-.8-.2.20-1.4-.21.214.718.5
Less: Subsidies less current surplus of government enterprises1.014.913.916.015.515.416.917.618.820.823.723.622.724.4
Consumption of fixed capital14.057.259.560.865.074.379.786.281.890.496.695.7104.7103.5
Private
-.1-20.8-20.6-22.3-22.1-19.2-19.0-18.0-28.5-26.9-26.9-32.4-29.1-36.6
Government
14.178.180.183.187.193.598.7104.2110.3117.3123.5128.2133.8140.1
General government
13.166.169.570.675.380.885.389.894.8100.9106.4110.2114.7119.4
Government enterprises
1.012.010.612.511.912.613.414.415.616.317.118.019.120.7
Gross national income13.488.985.7118.8132.2136.5148.6174.5175.5188.7184.3194.9159.4133.4
Statistical discrepancy-.34.526.313.215.220.98.2-20.210.58.37.334.952.862.2
Gross national product13.193.4112.1132.0147.4157.4156.8154.4186.0197.1191.6229.7212.2195.5
Less: Receipts of factor income from the rest of the world0-.41.810.610.810.510.916.011.58.9.54.43.1-7.9
Plus: Payments of factor income to the rest of the world0-1.3-.93.85.36.76.610.913.39.5.8-1.1-2.2-10.5
GROSS DOMESTIC PRODUCT13.092.5109.5125.2142.0153.6152.4149.2187.9197.7191.9224.2206.9193.0
Personal consumption expenditures017.625.932.037.442.142.353.671.778.172.782.975.970.3
Durable goods
-.1 2.84.87.28.29.113.013.913.48.3-1.4-4.2-7.3-10.6
Nondurable goods
0 14.512.510.68.25.02.97.314.316.119.826.329.735.4
Services
.2.38.614.221.028.026.432.443.953.754.260.753.645.4
Gross private domestic investment0-2.3.4-3.3.64.9-2.1-19.7-3.1-9.2-8.62.1-10.9-18.5
Fixed investment
0 -3.7-.2.3-1.03.9-.1-14.3-1.4-10.4-8.1-1.8-16.2-25.8
Nonresidential
0-3.8-.8-.6-2.02.4-2.4-14.8-1.9-10.8-9.7-3.5-17.3-30.4
Structures
0-3.8-.4.4-.11.8.8-.7-1.0-.8-1.2-1.9-1.6-2.6
Producers' durable equipment
00-.4-1.0-1.9.6-3.2-14.1-.9-10.0-8.5-1.6-15.7-27.8
Residential
00.5.91.01.52.4.5.4.41.61.81.14.7
Change in business inventories
01.4.6-3.61.61.0-2.1-5.3-1.61.1-.54.05.27.3
Net exports of goods and services0.1-.3.71.41.01.01.9-.7.1-.6.8.41.8
Exports
00.3.7.91.51.73.01.3.2.71.3.93.3
Imports
00.50-.4.5.81.02.0.11.4.6.61.5
Government consumption expenditures and gross investment13.077.283.495.8102.7105.5111.3113.3119.9128.7128.5138.5141.5139.4
Federal
10.146.652.561.765.867.470.870.375.677.176.879.078.579.0
National defense
9.337.140.649.653.855.758.358.460.759.160.761.659.559.7
Nondefense
.79.611.912.112.011.812.411.915.017.916.017.419.019.3
State and local
3.0 30.530.934.136.838.040.643.044.351.751.859.563.160.4
GROSS DOMESTIC PRODUCT13.092.5109.5125.2142.0153.6152.4149.2187.9197.7191.9224.2206.9193.0
Account 2.—Personal Income and Outlay Account
Personal tax and nontax payments000.50.40.90.91.74.31.61.51.11.93.5-10.7
Personal outlays021.730.436.942.147.147.259.271.877.572.483.276.770.0
Personal consumption expenditures
017.625.932.037.442.142.353.671.778.172.782.975.970.3
Interest paid by persons
00-.2-.3-.4-.6-.8-.8-.6-.4-.3.3.7-.4
Personal transfer payments to the rest of the world (net)
04.14.75.15.15.65.76.4.7-.20.10.1
Personal saving2.36.0-1.713.716.99.026.433.435.738.734.824.723.8-10.7
PERSONAL TAXES, OUTLAYS, AND SAVING2.327.829.250.959.857.175.396.9109.0117.8108.2109.9104.148.5
Wage and salary disbursements0.6.65.39.411.111.510.611.712.511.511.69.8-37.9
Other labor income002.64.211.315.325.021.221.226.323.722.625.621.2
Proprietors' income with inventory valuation and capital consumption adjustments-1.2-.8-5.01.9-2.5-15.9-17.3-1.4-2.3-2.3-13.3-9.2-21.6-22.8
Rental income of persons with capital consumption adjustment3.525.725.127.730.433.642.351.465.975.678.986.178.488.9
Personal dividend income0-.2-.4.6.4.4.71.54.4-1.53.1-1.65.55.3
Dividends
0-.2-.4.5.4.4.81.54.3-1.63.1-1.65.65.8
Less: Dividends received by government
000000000000.1.5
Personal interest income02.45.710.410.311.611.912.36.36.24.12.09.4-2.4
Net interest
02.55.910.611.012.911.811.23.93.6.6-5.7-1.4-16.9
Net interest paid by government
0000-.3-.8.91.93.13.03.97.510.215.0
Interest paid by persons
00-.2-.3-.4-.6-.8-.8-.6-.4-.3.3.7-.4
Transfer payments to persons00.5.7.6.81.1.91.0.2-.2-2.0-4.7-7.1
From business
00000000000.2-.7-.9
From government
0 0.5.7.6.91.2.91.1.2-.1-2.2-4.0-6.1
Less: Personal contributions for social insurance000-.1-.10.1-.3-.6-1.0-.4-.3-1.7-3.3
PERSONAL INCOME2.327.829.250.959.857.175.396.9109.0117.8108.2109.9104.148.5
Account 3.—Government Receipts and Expenditures Account
Consumption expenditures-16.3-29.7-33.1-35.9-47.2-58.0-62.2-59.6-62.8-70.7-72.0-70.6-69.1-73.0
Transfer payments0.61.01.01.41.51.92.11.2.3-.3-2.1-2.9-5.8
To persons
00.5.7.6.91.2.91.1.2-.1-2.2-4.0-6.1
To the rest of the world (net)
0.6.5.3.8.6.81.0.1.1-.1.11.2.3
Net interest paid0000-.3-.8.91.93.13.03.97.510.215.0
Less: Dividends received by government000000000000.1.5
Subsidies less current surplus of government enterprises1.014.913.916.015.515.416.917.618.820.823.723.622.724.4
Less: Wage accruals less disbursements00000000000000
Current surplus or deficit (-), national income and product accounts15.3 25.230.339.753.464.266.662.959.263.965.763.255.242.7
Federal
5.2.85.710.918.523.522.915.38.98.86.91.8-13.3-30.8
State and local
10.1 24.424.628.834.940.643.747.550.355.058.861.568.673.5
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS011.012.220.922.722.324.224.919.517.320.821.516.02.9
Personal tax and nontax payments00.5.4.9.91.74.31.61.51.11.93.5-10.7
Corporate profits tax liability0000000001.82.33.3-9.4-7.2
Indirect business tax and nontax liability0000-.3-.8-.2.20-1.4-.21.214.718.5
Contributions for social insurance011.011.720.522.122.222.620.518.015.417.615.07.32.3
Employer
011.011.720.622.222.222.620.818.516.317.915.39.05.6
Personal
000-.1-.10.1-.3-.6-1.0-.4-.3-1.7-3.3
GOVERNMENT RECEIPTS011.012.220.922.722.324.224.919.517.320.821.516.02.9
Account 4.—Foreign Transactions Account
Exports of goods and services000.30.70.91.51.73.01.30.20.71.30.93.3
Receipts of factor income0-.41.810.610.810.510.916.011.58.9.54.43.1-7.9
Capital grants received by the United States (net)00000000000000
RECEIPTS FROM THE REST OF THE WORLD0-.42.111.311.811.912.819.012.89.11.15.74.1-4.7
Imports of goods and services00.50-.4.5.81.02.0.11.4.6.61.5
Payments of factor income0-1.3-.93.85.36.76.610.913.39.5.8-1.1-2.2-10.5
Transfer payments to the rest of the world (net)04.64.85.05.76.06.77.3.5-.4-.1.21.6.7
From persons (net)
04.14.75.15.15.65.76.4.7-.20.10.1
From government (net)
0.6.5.3.8.6.81.0.1.1-.1.11.2.3
From business
0-.2-.4-.4-.1-.2.1-.2-.3-.300.3.1
Net foreign investment0-3.6-2.32.51.2-1.2-1.3-.1-3.1-.1-.86.14.13.6
PAYMENTS TO THE REST OF THE WORLD0-.42.111.311.811.912.819.012.89.11.15.74.1-4.7
Account 5.—Gross Saving and Investment Account
Gross private domestic investment0-2.30.4-3.30.64.9-2.1-19.7-3.1-9.2-8.62.1-10.9-18.5
Gross government investment29.3106.9116.5131.7149.9163.5173.5172.9182.7199.4200.5209.1210.6212.3
Net foreign investment0-3.6-2.32.51.2-1.2-1.3-.1-3.1-.1-.86.14.13.6
GROSS INVESTMENT29.3101.0114.6130.9151.7167.2170.1153.1176.5190.1191.1217.3203.8197.4
Personal saving2.36.0-1.713.716.99.026.433.435.738.734.824.723.8-10.7
Wage accruals less disbursements (private)000000000004.2-15.414.8
Undistributed corporate profits with inventory valuation and capital consumption adjustments-2.07.9.13.51.0-1.2-10.8-9.3-10.7-11.3-13.2-5.4-17.5-14.9
Consumption of fixed capital14.057.259.560.865.074.379.786.281.890.496.695.7104.7103.5
Private
-.1-20.8-20.6-22.3-22.1-19.2-19.0-18.0-28.5-26.9-26.9-32.4-29.1-36.6
Government
14.178.180.183.187.193.598.7104.2110.3117.3123.5128.2133.8140.1
General government
13.166.169.570.675.380.885.389.894.8100.9106.4110.2114.7119.4
Government enterprises
1.012.010.612.511.912.613.414.415.616.317.118.019.120.7
Government current surplus or deficit (-), national income and product accounts15.325.230.339.753.464.266.662.959.263.965.763.255.242.7
Capital grants received by the United States (net)00000000000000
Statistical discrepancy-.34.526.313.215.220.98.2-20.210.58.37.334.952.862.2
GROSS SAVING AND STATISTICAL DISCREPANCY 29.3100.9114.5130.8151.5167.2170.0153.1176.6190.1191.1217.4203.7197.5