| 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 |
|
USDA U.S. Department of Agriculture
n.e.c. Not elsewhere classified
