Table 3.—NIPA Revisions: Selected Component Detail and Major Source Data

NIPA component Billions of dollars Major source data incorporated/1/
Revision in level Revised 1996 level
1993 1994 1995 1996
Gross domestic product 5.1 11.3 11.6 59.9 7,636.0
Personal consumption expenditures 5.1 16.1 32.8 56.2 5,207.6
Goods 1.3 -2.7 -8.0 -8.0 2,169.2
Of which:
Motor vehicles and parts .1 1.3 7.0 8.8 261.3
Of which:
New autos -.1 -.1 2.5 4.7 86.1 Revised data on optional equipment percentages from trade sources for model years 1995 and 1996; new price data and optional equipment percentages for domestic autos for model year 1997.
Net purchases of used autos -.6 -2.0 -.3 .4 55.3 Revised stock of autos held by consumers from trade sources for 1994; new stock data for 1995 and 1996; Census Bureau annual retail trade survey data on sales of goods and gross margin of used car dealers for 1994 and 1995; revised Census Bureau monthly retail sales data for 1996.
Other motor vehicles .7 3.3 5.6 4.8 82.1 Recreational vehicles: Census Bureau annual retail trade survey data for 1994 and 1995; revised Census Bureau monthly retail sales data for 1996.
Trucks: Revised Census Bureau annual survey of manufactures (ASM) commodity shipments data for 1993; new ASM shipments data for 1994 and 1995; BEA estimates for used truck transactions from a variety of data sources for 1995 and 1996; revised exports and imports for 1993-96.
Goods other than motor vehicles and parts 1.2 -4.0 -15.0 -16.8 1,907.9
Of which:
Other durable goods .1 -2.1 -3.1 -4.6 120.6 Census Bureau annual retail trade survey sales data for 1994 and 1995; revised Census Bureau monthly sales data for 1996.
Food 1.1 -1.2 -12.1 -16.2 756.1
Other nondurable goods .2 0 1.6 4.7 380.1
Services 3.8 18.8 40.8 64.1 3,038.4
Housing -.4 6.1 6.6 7.8 787.2
Of which:
Owner-occupied nonfarm dwellings—space rent -.2 4.4 3.7 3.9 558.3 Census Bureau 1995 American housing survey data on housing units for 1994 and 1995; Census Bureau current population survey data on housing units for 1996.
Tenant-occupied nonfarm dwellings—rent -.2 1.5 3.0 4.4 193.6 Census Bureau 1995 American housing survey data on housing units and rental values for 1994 and 1995; Census Bureau current population survey data on housing units for 1996.
Household operation .3 4.8 6.5 6.4 315.9
Of which:
Telephone and telegraph .4 2.8 4.6 5.1 96.9 Census Bureau annual survey of communications services data on residential and nonresidential long-distance service revenue for 1993-95; trade source cellular telephone revenue data for 1996.
Transportation .6 4.9 10.6 13.8 218.4
Of which:
User-operated transportation .4 3.8 9.1 10.9 173.9
Repair, greasing, washing, parking, storage, rental, and leasing .4 3.4 7.5 9.1 140.1 Revised trade source data on auto repair at franchised car dealers for 1993; new trade source data for 1994 and 1995; BLS consumer expenditure survey data for rental and leasing of vehicles for 1994 and 1995; revised Census Bureau service annual survey (SAS) data for 1994; new SAS data for 1995 and 1996.
Medical care -1.8 -7.5 -11.4 -7.7 808.1
Of which:
Hospitals -3.3 -7.9 -12.4 -9.9 325.1
Of which:
Nonprofit -2.6 -5.7 -8.7 -7.4 217.3 Trade source expense data for FY 1994 and FY 1995 for 1993-95; trade source community hospital expense data for 1996.
Government -.5 -1.8 -3.8 -3.9 70.7 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96.
Nursing homes 0 1.1 4.7 6.1 69.1 Revised Census Bureau service annual survey (SAS) data for 1994; new SAS data for 1995 and 1996.
Health insurance 1.9 -2.0 -7.7 -7.9 56.3 Revised Health Care Financing Administration (HCFA) data on net cost of health insurance for 1993; preliminary HCFA data for 1994 and 1995; BLS consumer expenditure survey data on paid premiums for 1994 and 1995; BLS employment cost index survey data on health insurance premiums and BLS tabulations of wages and salaries covered by State unemployment insurance for 1995 and 1996.
Other services 5.2 10.5 28.5 43.9 908.9
Of which:
Personal care .6 1.7 3.7 2.8 56.1
Of which:
Other .6 1.3 2.4 1.8 30.4 Revised Census Bureau service annual survey (SAS) data for 1994; new SAS data for 1995 and 1996.
Personal business 3.4 8.5 15.7 28.1 421.1
Of which:
Brokerage charges and investment counseling .1 .1 1.8 5.7 47.2 Revised Federal Reserve Board (FRB) data on securities held by households for 1993 and 1994; new FRB data on securities held by households for 1995 and 1996; revised Securities and Exchange Commission data on income and expenses of registered broker-dealers for 1995 and 1996; BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1995 and 1996.
Services furnished without payment by financial intermediaries except life insurance carriers and private noninsured pension plans .3 5.5 10.9 13.3 169.9 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; Federal Deposit Insurance Corporation data, National Credit Union Administration data, Office of Thrift Supervision data, trade source data on investment companies for 1995 and 1996.
Expense of handling life insurance 2.7 1.6 1.4 5.7 79.9 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; trade source expense data for 1993-95; BLS tabulations of wages and salaries covered by State unemployment insurance for 1995 and 1996.
Recreation 1.7 .3 8.2 10.2 189.4
Of which:
Commercial participant amusements .1 1.3 4.5 5.8 46.2 Revised Census Bureau service annual survey (SAS) data for 1994; casino gambling data from trade source for 1994 and 1995; new SAS data for 1995 and 1996.
Other 1.6 -1.0 3.7 4.4 143.2 Revised Census Bureau Government Finances (GF) tabulations on lotteries, spectator sports, and high school recreation for FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96; revised Census Bureau service annual survey (SAS) data for 1994; new SAS data for 1995 and 1996.
Religious and welfare activities 0 0 2.4 5.8 150.5 BLS consumer expenditure survey data for day care for 1994 and 1995; BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1995 and 1996.
Net foreign travel .2 .6 -3.1 -4.6 -27.8 Revised BEA balance of payments accounts estimates for 1993-96; Department of Transportation international passenger fares data for 1995 and 1996.
Foreign travel by U.S. residents 0 .5 -.9 1.2 54.9
Less: Expenditures in the United States by nonresidents -.1 -.2 2.1 5.8 82.7
Fixed investment 5.2 -8.3 -20.1 -10.8 1,090.7
Nonresidential structures 4.6 4.3 .9 .9 215.2
Of which:
Nonresidential buildings, excluding farm 2.5 2.6 2.0 7.1 156.1
Of which:
Commercial structures 3.0 2.2 2.9 5.2 77.6 Revised Census Bureau value of construction put in place data for 1993-96.
Other .4 1.1 .8 2.5 46.4
Utilities .8 -1.7 -5.3 -8.3 33.3
Of which:
Electric light and power .8 .7 -2.8 -6.1 11.0 Energy Information Administration and Rural Utility Services data for 1994 and 1995; trade source capital expenditures data for 1996.
Gas 0 -1.2 -2.1 -3.2 4.7 Trade source capital expenditures data for 1994 and 1995; Energy Information Administration data on the proportion of capital expenditures that are structures for 1994 and 1995.
Mining exploration, shafts, and wells 1.0 3.2 4.3 1.8 16.1
Of which:
Petroleum and natural gas .9 3.0 4.7 2.3 14.8 Trade source survey data on drilling costs for 1994 and 1995; revised trade source data on footage drilled for 1993-96.
Nonresidential producers' durable equipment .7 -10.9 -16.4 -10.6 566.2
Of which:
Information processing and related equipment -.2 -8.3 -10.4 -10.9 195.1 Revised Census Bureau annual survey of manufactures (ASM) product shipments data for 1993; new ASM data for 1994 and 1995; revised Census Bureau monthly industry shipments data for 1996; revised BEA tabulations of imports and exports for 1993-96.
Computers and peripheral equipment -.1 -2.7 2.0 1.8 78.7
Communication equipment -.9 -3.3 -6.7 -7.1 65.9
Other .8 -2.3 -5.7 -5.6 50.5
Industrial equipment .3 -.4 -3.0 -1.4 127.5
Of which:
Special industry machinery, n.e.c. 0 -2.2 -3.6 -1.2 32.8
Transportation and related equipment .7 1.5 .8 5.0 134.5
Of which:
Autos .5 1.0 .1 3.0 45.3 Revised data on optional equipment percentages from trade sources for model years 1995 and 1996; new price data and optional equipment percentages for domestic autos for model year 1997.
Other equipment -.3 -4.7 -5.6 -5.0 113.7 Revised Census Bureau annual survey of manufactures (ASM) product shipments data for 1993; new ASM data for 1994 and 1995; revised Census Bureau monthly industry shipments data for 1996; revised BEA tabulations of imports and exports for 1993-96.
Residential fixed investment -.1 -1.7 -4.7 -1.3 309.2
Structures -.1 -1.6 -4.7 -1.3 301.7
Of which:
Single-family structures 0 0 .7 3.9 159.1 Revised Census Bureau value of construction put in place data for 1995 and 1996.
Brokers' commissions on sale of structures -.2 -1.9 -2.5 -3.1 36.3 Revised BEA tabulations of the values of new and existing homes for 1993-96; revised trade source data on existing home sales for 1995 and 1996, revised Census Bureau data on new home sales for 1995 and 1996.
Change in business inventories -.1 1.7 -6.9 10.5 25.9
Farm 0 -.7 -5.3 4.8 2.9 Revised USDA data for 1993 and 1994; new USDA data for 1995 and 1996.
Nonfarm -.1 2.5 -1.5 5.7 23.0
Change in book value 1.5 6.3 -2.5 2.6 28.2
Of which:
Manufacturing 1.6 5.2 -3.7 4.4 8.9 Revised Census Bureau annual survey of manufactures (ASM) inventory book value data for 1993; new ASM data for 1994 and 1995; revised Census Bureau monthly inventory data for 1996; new Federal budget data on defense aircraft purchases for 1993-96.
Wholesale trade .1 -.5 -2.1 -2.5 3.0
Of which:
Merchant wholesalers 0 -.1 -2.8 -2.3 1.9 Revised Census Bureau annual trade survey (ATS) inventory book value data for 1993; new ATS data for 1994 and 1995; revised Census Bureau monthly inventory data for 1996.
Retail trade .5 1.4 3.3 .8 6.2
Of which:
Automotive -.2 2.6 3.5 1.5 -1.9 Revised Census Bureau annual retail trade survey (ARTS) inventory book value data for 1993; new ARTS data for 1994 and 1995; revised BEA estimates based on inventory data from trade sources for 1996.
Inventory valuation adjustment -1.6 -3.8 .9 3.2 -5.1
Of which:
Manufacturing -1.0 -2.3 -.6 .1 1.7 Revised annual survey of manufactures (ASM) information on accounting methods used for inventory reporting for 1993; new ASM information for 1994 and 1995; revised data on cost of inventories, revised BEA unit labor cost indexes for 1993-96.
Retail trade 0 -1.0 2.4 .7 -2.1
Of which:
Other retail trade -.1 0 2.1 .3 -2.3 Revised annual trade surveys (ATS) information on accounting methods used for inventory reporting for 1993; new ATS information for 1994 and 1995; revised data on cost of inventories for 1993-96.
Net exports of goods and services 2.0 3.5 8.7 3.9 -94.8 Revised BEA balance of payments accounts estimates and revised territorial adjustment for 1993-96; revised NIPA gold for 1996.
Exports .8 2.1 11.0 15.7 870.9
Goods .1 .5 2.5 2.6 617.5
Services .6 1.5 8.7 13.0 253.3
Imports -1.2 -1.4 2.5 11.8 965.7
Goods 0 -.2 .5 6.8 809.0
Services -1.3 -1.1 1.8 5.0 156.7
Government consumption expenditures and gross investment -7.0 -1.7 -2.8 .3 1,406.7
Federal consumption expenditures and gross investment -4.3 -6.2 -7.0 -3.1 520.0
National defense -2.0 -2.8 -.9 5.7 352.8
Consumption expenditures -2.4 -4.2 -3.7 1.8 305.7
Of which:
Services -1.6 -3.4 -4.0 .4 275.6
Compensation of general government employees, except force-account construction 0 .7 .9 5.8 135.2
Of which:
Military 1.5 1.3 2.0 7.4 85.8 Revised allocation of FY 1994 Federal budget data for 1993 and 1994; revised allocation of FY 1995 Federal budget data for 1994 and 1995; revised FY 1996 Federal budget data for 1995 and 1996; preliminary FY 1997 Federal budget data for 1996.
Consumption of general government fixed capital -.3 -1.1 -3.0 -1.6 57.3 Perpetual inventory calculations at current cost, based on gross investment and on investment prices for 1993-96. See also entries for gross investment.
Other services -1.4 -3.1 -1.8 -3.9 83.0 Revised allocation of FY 1994 Federal budget data for 1993 and 1994; revised allocation of FY 1995 Federal budget data for 1994 and 1995; revised FY 1996 Federal budget data for 1995 and 1996; preliminary FY 1997 Federal budget data for 1996; revised Military Assistance Program data for 1993-96.
Gross investment .4 1.4 2.7 3.8 47.0
Of which:
Equipment .1 .4 1.7 2.1 40.2 Revised Department of Defense contract control data reports for 1993-96; revised allocation of FY 1994 Federal budget data for 1993 and 1994; revised allocation of FY 1995 Federal budget data for 1994 and 1995; revised FY 1996 Federal budget data for 1995 and 1996; preliminary FY 1997 Federal budget data for 1996.
Nondefense -2.2 -3.3 -6.0 -8.7 167.3
Of which:
Consumption expenditures -2.2 -3.3 -6.6 -9.5 145.7
Of which:
Services -1.8 -3.1 -5.6 -7.7 139.2
Of which:
Other services -2.2 -2.9 -5.0 -8.0 50.4 Revised allocation of FY 1994 Federal budget data for 1993 and 1994; revised allocation of FY 1995 Federal budget data for 1994 and 1995; revised FY 1996 Federal budget data for 1995 and 1996; preliminary FY 1997 Federal budget data for 1996.
State and local consumption expenditures and gross investment -2.8 4.4 4.3 3.4 886.7
Consumption expenditures 3.7 12.1 16.0 16.9 730.9
Of which:
Services 3.2 10.9 15.8 17.3 637.5
Of which:
Compensation of general government employees, except force-account construction 2.0 6.2 9.3 10.7 547.2 Revised BLS tabulations of wages and salaries of employees covered by State unemployment insurance for 1993 and 1994; new BLS tabulations for 1995 and 1996; revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96; Social Security Administration data for 1993-96.
Other services 1.3 4.7 6.5 7.0 33.7 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96.
Gross investment -6.5 -7.7 -11.7 -13.6 155.7
Structures -5.2 -5.6 -9.0 -10.4 128.5 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96; Census Bureau value of construction put in place data for 1993-96.
Equipment -1.2 -2.1 -2.7 -3.2 27.3 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96.
Gross domestic product 5.1 11.3 11.6 59.9 7,636.0
Plus: Net receipts of factor income 8.1 12.0 12.3 10.6 1.7 Revised BEA balance of payments accounts estimates for 1993-96.
Receipts of factor income from the rest of the world 10.1 13.1 14.5 5.9 234.3
Payments of factor income to the rest of the world 2.0 1.1 2.2 -4.7 232.6
Equals: Gross national product 13.3 23.3 23.9 70.6 7,637.7
Less: Statistical discrepancy/2/ -6.2 -19.9 -26.7 15.2 -59.9
Equals: Gross national income 19.5 43.2 50.7 55.3 7,697.6
Compensation of employees 5.4 2.2 -7.3 -21.6 4,426.9
Wage and salary accruals -1.3 -3.3 9.4 3.5 3,633.6
Wage and salary disbursements -1.1 -1.1 -1.1 2.4 3,632.5
Of which:
Private -1.1 -.8 -2.3 1.0 2,989.9 Revised BLS tabulations of wage and salaries of employees covered by State unemployment insurance for 1994 and 1995; new BLS tabulations for 1996; revised USDA data on farm wages for 1993 and 1994; new USDA data for 1995 and 1996; new balance of payments data for rest-of-the-world wage and salary accruals for 1993-96.
Wage accruals less disbursements -.2 -2.2 10.4 1.1 1.1 Revised BLS tabulations of wage and salaries of employees covered by State unemployment insurance for 1994 and 1995; new BLS tabulations for 1996.
Supplements to wages and salaries 6.6 5.6 -16.6 -25.1 793.3
Employer contributions for social insurance 2.4 2.8 .5 3.5 385.7
Federal social insurance funds .7 -.7 -4.7 -3.5 326.6 Revised BLS tabulations of employer contributions to the unemployment trust fund for 1993; new BLS tabulations for 1994-96; monthly Treasury statement data on contributions to the military retirement fund for 1995 and 1996; revised data on social security taxable wages data from the Social Security Administration for 1993-96.
State and local social insurance funds 1.8 3.5 5.2 6.9 59.0 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96;
Other labor income 4.2 2.8 -17.2 -28.6 407.6
Pension and profit-sharing plans 3.5 4.1 94.8 BLS tabulations of data on employer contributions to pension and profit-sharing plans for 1993; BLS pension and wage cost per hour data for 1994-96.
Group health and life insurance -2.1 -3.2 270.2 BLS data on employer costs for health and life insurance for 1993-96.
Workers' compensation 2.7 1.8 37.0 Trade source data on net premiums and employer costs for self-insurance for 1993-95.
Proprietors' income with IVA and CCAdj 14.9 7.2 2.9 -7.0 520.3
Farm 1.3 2.6 -4.5 -7.5 37.2
Of which:
Proprietors' income with IVA 1.3 2.6 -4.4 -7.4 45.0 Revised USDA data for 1993 and 1994; new USDA data for 1995 and 1996; revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995.
Nonfarm 13.6 4.7 7.3 .5 483.1
Of which:
Proprietors' income 11.7 3.5 4.2 -1.9 455.3 Revised IRS tabulations of sole proprietorship and partnership tax return data for 1993; new IRS tabulations for 1994 and 1995.
CCAdj 2.3 .8 1.8 1.7 28.0 Capital consumption allowances: Revised IRS tabulations of sole proprietorship and partnership tax return data for 1993; new IRS tabulations for 1994 and 1995.
Consumption of fixed capital: Revised BEA fixed investment and price estimates for 1993-96.
Rental income of persons with CCAdj 3.5 12.3 21.1 31.3 146.3
Of which:
Rental income of persons 3.5 12.3 21.1 31.2 193.3 Revised Federal Reserve Board mortgage debt outstanding data for 1993-96; revised Census Bureau Government Finances FY 1993 and FY 1994 data and new FY 1995 and FY 1996 data on property taxes for 1993-96; revised USDA data on rent on farms owned by nonoperator landlords for 1993 and 1994; new USDA data for 1995 and 1996; revised IRS tabulations of individual income tax data on royalty income for 1993; new IRS tabulations for 1994 and 1995; BLS consumer expenditure survey data on maintenance and repairs for 1994 and 1995; trade source data on property insurance for 1994 and 1995; Census Bureau American housing survey owner- and tenant-occupied units and mean rent data for 1995; Housing and Urban Development survey of mortgage lending activity data for 1995 and 1996; Census Bureau current population survey data on owner- and tenant-occupied units for 1996.
Corporate profits with IVA and CCAdj .7 16.4 45.2 65.7 735.9
Profits before tax 1.1 3.9 23.7 36.7 676.6 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; regulatory agency and public financial reports profits data for 1996.
Of which:
Construction -.3 .9 3.0 2.7 19.2
Manufacturing 8.4 9.7 33.8 37.1 204.5
Transportation -.5 -.5 -3.0 -2.4 12.3
Communications -.1 .1 -7.4 -9.4 35.9
Electric, gas, and sanitary services -.5 2.7 2.2 1.2 44.3
Wholesale trade -.8 -3.9 -3.5 1.3 37.8
Retail trade -.4 3.9 .6 6.2 50.6
Finance, insurance, and real estate -8.7 -23.6 -19.9 -26.0 108.6
Financial -8.1 -25.0 -21.5 -28.4 103.5
Nonfinancial -.6 1.4 1.6 2.4 5.1
Services .5 6.0 7.6 11.1 59.0
Rest of the world 4.3 9.1 10.0 13.9 95.9 Revised BEA balance of payments accounts estimates for 1993-96.
Receipts from the rest of the world 4.2 8.3 9.1 6.5 132.7
Less: Payments to the rest of the world -.2 -.8 -1.0 -7.4 36.7
IVA -1.9 -2.8 3.8 6.4 -2.5
CCAdj 1.6 15.2 17.6 22.6 61.8 Capital consumption allowances: Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995.
Consumption of fixed capital: Revised BEA fixed investment and price estimates for 1993-96.
Net interest 3.6 17.4 21.5 21.8 425.1
Net monetary interest -5.8 16.8 1.8 2.7 -4.1
Monetary interest paid -.5 57.8 1,923.2
Domestic business -6.1 61.2 1,360.0 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; new IRS tabulations of sole proprietorship and partnership tax return data for 1994 and 1995; revised Federal Reserve Board flow-of-funds accounts data, trade source data on investment companies, Federal Deposit Insurance Corporation data, Office of Thrift Supervision data, and Housing and Urban Development survey of mortgage lending activity data for 1995 and 1996; revised USDA data on interest paid by farmers for 1993 and 1994; new USDA data for 1995 and 1996.
Of which:
Financial corporations -1.5 41.5 588.4
Nonfinancial corporations -5.0 13.3 345.9
Sole proprietorships and other private business -.5 8.1 122.3
Persons -.7 -6.3 -3.2 -1.1 145.2 Revised Federal Reserve Board consumer credit data for 1993-96.
Government .2 -1.9 -3.9 -4.1 317.7
Of which:
Federal .1 -1.4 -4.0 -4.9 253.1 Revised allocation of FY 1994 Federal budget data for 1993 and 1994; revised allocation of FY 1995 Federal budget data for 1994 and 1995; revised FY 1996 Federal budget data for 1995 and 1996; preliminary FY 1997 Federal budget data for 1996; revised BEA balance of payments accounts estimates for 1993-96.
Rest of the world 6.1 4.8 100.3 Revised BEA balance of payments accounts estimates for 1993-96.
Of which:
To business and persons 6.0 4.8 96.1
Less: Monetary interest received -.5 57.8 1,923.2
Domestic business 5.6 49.6 1,272.4 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; new IRS tabulations of sole proprietorship and partnership tax return data for 1994 and 1995; revised Federal Reserve Board flow-of-funds accounts data, Federal Deposit Insurance Corporation data, and Office of Thrift Supervision data for 1995 and 1996.
Of which:
Financial corporations 2.6 29.6 1,020.7
Nonfinancial corporations .1 14.2 223.0
Financial sole proprietorships and partnerships 2.9 5.8 28.7
Persons -6.7 3.7 -16.7 -20.0 332.1
Government .4 4.9 11.8 18.2 142.1
Of which:
State and local .6 4.9 11.7 16.9 117.4 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96.
Rest of the world .2 -.4 176.7 Revised BEA balance of payments accounts estimates for 1993-96.
Net imputed interest 9.4 .6 19.8 19.0 429.1
Interest paid (by domestic financial corporate business) 9.4 1.8 498.8
Banks, credit agencies, and investment companies .3 6.7 265.1 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; revised Federal Deposit Insurance Corporation data, National Credit Union Administration data, Office of Thrift Supervision data, and trade source data on investment companies for 1995 and 1996.
Life insurance carriers and private noninsured pension plans 9.1 -4.9 7.6 4.2 233.7 Revised Federal Reserve Board (FRB) flow-of-funds accounts data on private noninsured pension plans for 1993 and 1994; new FRB data for 1995 and 1996; trade source data on life insurance carriers for 1995.
Less: Interest received 9.4 1.8 498.8 Revised Federal Reserve Board (FRB) flow-of-funds accounts assets data for 1993 and 1994; new FRB data for 1995 and 1996; Federal Deposit Insurance Corporation data for 1995 and 1996.
Of which:
Persons 9.5 .6 18.5 17.6 403.6
From banks, credit agencies, and investment companies .3 5.5 10.9 13.3 169.9
From life insurance carriers and private noninsured pension plans 9.1 -4.9 7.6 4.2 233.7
Consumption of fixed capital -1.8 -7.3 -14.3 -15.4 830.1
Private consumption of fixed capital -1.5 -6.1 -11.4 -13.7 682.7 Revised BEA fixed investment and price estimates for 1993-96.
Corporate -.9 -4.1 -7.0 -5.6 452.3
Noncorporate -.6 -2.0 -4.4 -8.1 230.5
Private capital consumption allowances 2.4 10.0 8.2 10.8 709.9
Corporate .7 11.1 514.1 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; revised BEA fixed investment estimates for 1993-96.
Noncorporate 1.7 -1.1 -2.3 195.8 Revised IRS tabulations of sole proprietorship and partnership tax return data for 1993; new IRS tabulations for 1994 and 1995; revised BEA fixed investment estimates for 1993-96.
Less: Private CCAdj 3.9 16.1 19.6 24.4 27.1
Corporate 1.6 15.2 17.6 22.6 61.8
Noncorporate 2.3 .9 2.0 2.0 -34.6
Of which:
Nonfarm proprietors' income 2.3 .8 1.8 1.7 28.0
Government consumption of fixed capital -.4 -1.3 -2.9 -1.7 147.4
Of which:
General government -.4 -1.2 -2.9 -1.7 125.1
Nonfactor incomes -6.8 -5.1 -18.3 -19.6 613.0
Indirect business tax and nontax liability -7.5 -4.0 -12.7 -13.1 604.8
Federal -1.3 6.1 2.3 5.3 95.8 Treasury Department income tax collections data for 1994-96.
State and local -6.2 -10.1 -15.0 -18.4 508.9 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96; revised Census Bureau quarterly tax revenue data 1993 and 1994; new tax revenue data for 1995 and 1996.
Business transfer payments .1 .4 1.4 1.4 33.6
Of which:
Payments to persons 0 1.1 2.4 3.0 26.0 Revised IRS tabulations of corporate tax return data on corporate gifts for 1993 and 1994; new IRS tabulations for 1995; trade source data on medical malpractice losses and on insured losses on auto liabilities for personal injury for 1994 and 1995; Federal Bureau of Investigation uniform crime report data on unrecovered thefts for 1994 and 1995.
Less: Subsidies less current surplus of government enterprises -.6 1.5 7.0 7.9 25.4
Of which:
Federal -1.7 -.5 5.1 6.8 37.7 Revised allocation of FY 1994 Federal budget data for 1993 and 1994; revised allocation of FY 1995 Federal budget data for 1994 and 1995; revised FY 1996 Federal budget data for 1995 and 1996; preliminary FY 1997 Federal budget data for 1996. For consumption of enterprise fixed capital: Perpetual-inventory calculations at current cost based on gross investment and on investment prices for 1993-96. See also entries for gross investment.
Addenda:
Gross domestic income 11.4 31.1 38.4 44.7 7,695.9
National income 28.3 55.5 83.4 90.3 6,254.5 See entries under "gross national income."
Personal income 23.6 29.8 38.4 45.7 6,495.2 See entries under "gross national income" and additional sources below.
Wage and salary disbursements, other labor income, proprietors' income with IVA and CCAdj, and rental income of persons with CCAdj 21.5 21.2 5.7 -1.9 4,706.7
Wage and salary disbursements -1.1 -1.1 -1.1 2.4 3,632.5
Other labor income 4.2 2.8 -17.2 -28.6 407.6
Proprietors' income with IVA and CCAdj 14.9 7.2 2.9 -7.0 520.3
Rental income of persons with CCAdj 3.5 12.3 21.1 31.3 146.3
Personal dividend income -1.5 5.2 37.1 60.6 291.2 Revised IRS tabulations of corporate tax return data for 1993; new IRS tabulations for 1994 and 1995; regulatory agency and public financial statements data on dividends for 1996.
Personal interest income 2.9 4.4 1.8 -2.5 735.7 See entries under "net interest."
Net interest 3.6 17.4 21.5 21.8 425.1 See entries under "net interest."
Domestic business -2.3 12.1 16.9 22.6 516.7
Rest of the world 5.9 5.3 4.7 -.8 -91.7
Net interest paid by government -.1 -6.7 -16.5 -23.1 165.4 See entries under "net interest."
Federal .4 -1.4 -4.3 -6.3 227.1
State and local -.5 -5.3 -12.2 -16.8 -61.7
Interest paid by persons -.7 -6.3 -3.2 -1.1 145.2 See entries under "net interest."
Transfer payments to persons 1.3 -1.6 -7.6 -11.7 1,068.0
From business 0 1.1 2.4 3.0 26.0 See first entry under "business transfer payments."
From government 1.2 -2.9 -10.0 -14.7 1,042.0
Of which:
State and local .4 -3.1 -11.0 -14.1 294.8
Medical care 0 -1.8 -7.2 -10.9 159.9 Health Care Financing Administration tabulations of medicaid data for 1995 and 1996.
Other State and local .4 -1.3 -3.8 -3.2 134.9 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96; Department of Health and Human Services tabulations of family assistance and other categorical assistance data for 1995 and 1996.
Less: Personal contributions for social insurance .7 -.6 -1.4 -1.2 306.3
Less: Personal tax and nontax payments .1 7.7 .8 23.1 886.9
Federal -1.0 .9 -9.1 13.6 686.7 Social Security Administration contributions data for 1993-96; Treasury Department personal income tax collections data for 1995 and 1996.
State and local 1.2 6.8 10.0 9.4 200.2 Revised Census Bureau Government Finances (GF) tabulations for FY 1993 and FY 1994 for 1993 and 1994; new GF tabulations for FY 1995 and FY 1996 for 1994-96; revised Census Bureau quarterly tax revenue data for 1993 and 1994; new Census Bureau tax revenue data for 1995 and 1996.
Equals: Disposable personal income 23.5 22.1 37.6 22.6 5,608.3
Less: Personal outlays 4.9 9.8 29.6 54.8 5,368.8
Personal consumption expenditures 5.1 16.1 32.8 56.2 5,207.6 See entries under "personal consumption expenditures."
Interest paid by persons -.7 -6.3 -3.2 -1.1 145.2 See entries under "net interest."
Personal transfer payments to the rest of the world (net) .5 0 -.1 -.4 15.9 Revised BEA balance of payments accounts estimates for 1993-96.
Equals: Personal saving 18.6 12.3 8.0 -32.0 239.6

1. In these descriptions, "new" indicates this is the first time that data from the specific source are being incorporated into the component estimate for the given year, and "revised" indicates that data from the specific source were incorporated previously.

2. The statistical discrepancy is gross national product (GNP) less gross national income (GNI); it is also the difference between gross domestic product (GDP) and gross domestic income (GDI), which is GNI less net receipts of factor income. It arises because the product-side measures of GNP and GDP are estimated independently from the income-side measures of GNI and GDI.

BEA Bureau of Economic Analysis

BLS Bureau of Labor Statistics

CCAdj Capital consumption adjustment

FY Fiscal year

IRS Internal Revenue Service

IVA Inventory valuation adjustment

NIPA National income and product accounts

USDA U.S. Department of Agriculture

n.e.c. Not elsewhere classified