Table A.—Summary National Income and Product Accounts, 1996

[Billions of dollars]

Line Line
Account 1.—National Income and Product Account
1 Compensation of employees 4,426.9 36 Personal consumption expenditures (2-3) 5,207.6
2 Wage and salary accruals 3,633.6 37 Durable goods 634.5
3 Disbursements (2-7) 3,632.5 38 Nondurable goods 1,534.7
4 Wage accruals less disbursements (3-8 and 5-5) 1.1 39 Services 3,038.4
5 Supplements to wages and salaries 793.3
6 Employer contributions for social insurance (3-16) 385.7 40 Gross private domestic investment (5-1) 1,116.5
7 Other labor income (2-8) 407.6 41 Fixed investment 1,090.7
42 Nonresidential 781.4
8 Proprietors' income with inventory valuation and capital consumption adjustments (2-9). 520.3 43 Structures 215.2
44 Producers' durable equipment 566.2
9 Rental income of persons with capital consumption adjustment (2-10). 146.3 45 Residential 309.2
46 Change in business inventories 25.9
10 Corporate profits with inventory valuation and capital consumption adjustments 735.9
11 Corporate profits with inventory valuation adjustment 674.1 47 Net exports of goods and services -94.8
12 Profits before tax 676.6 48 Exports (4-1) 870.9
13 Profits tax liability (3-13) 229.0 49 Imports (4-4) 965.7
14 Profits after tax 447.6
15 Dividends (2-12) 304.8 50 Government consumption expenditures and gross investment (3-1 and 5-2). 1,406.7
16 Undistributed profits 142.8 51 Federal 520.0
17 Inventory valuation adjustment -2.5 52 National defense 352.8
18 Capital consumption adjustment 61.8 53 Nondefense 167.3
54 State and local 886.7
19 Net interest (2-15) 425.1
20 National income 6,254.5
21 Business transfer payments 33.6
22 To persons (2-19) 26.0
23 To the rest of the world (4-9) 7.6
24 Indirect business tax and nontax liability (3-14) 604.8
25 Less: Subsidies less current surplus of government enterprises (3-7) 25.4
26 Consumption of fixed capital (5-7) 830.1
27 Private (5-8) 682.7
28 Government (5-9) 147.4
29 General government (5-10) 125.1
30 Government enterprises (5-11) 22.3
31 Gross national income 7,697.6
32 Statistical discrepancy (5-14) -59.9
33 Gross national product 7,637.7
34 Less: Receipts of factor income from the rest of the world (4-2) 234.3
35 Plus: Payments of factor income to the rest of the world (4-5) 232.6
GROSS DOMESTIC PRODUCT 7,636.0 GROSS DOMESTIC PRODUCT 7,636.0
Account 2.—Personal Income and Outlay Account
1 Personal tax and nontax payments (3-12) 886.9 7 Wage and salary disbursements (1-3) 3,632.5
2 Personal outlays 5,368.8 8 Other labor income (1-7) 407.6
3 Personal consumption expenditures (1-36) 5,207.6
4 Interest paid by persons (2-17) 145.2 9 Proprietors' income with inventory valuation and capital consumption adjustments (1-8). 520.3
5 Personal transfer payments to the rest of the world (net) (4-7) 15.9
10 Rental income of persons with capital consumption adjustment (1-9) 146.3
6 Personal saving (5-4) 239.6 11 Personal dividend income 291.2
12 Dividends (1-15) 304.8
13 Less: Dividends received by government (3-6) 13.6
14 Personal interest income 735.7
15 Net interest (1-19) 425.1
16 Net interest paid by government (3-5) 165.4
17 Interest paid by persons (2-4) 145.2
18 Transfer payments to persons 1,068.0
19 From business (1-22) 26.0
20 From government (3-3) 1,042.0
21 Less: Personal contributions for social insurance (3-17) 306.3
7 PERSONAL TAXES, OUTLAYS, AND SAVING 6,495.2 22 PERSONAL INCOME 6,495.2
Account 3.—Government Receipts and Expenditures Account
1 Consumption expenditures (1-50) 1,182.4 12 Personal tax and nontax payments (2-1) 886.9
2 Transfer payments 1,058.3 13 Corporate profits tax liability (1-13) 229.0
3 To persons (2-20) 1,042.0
4 To the rest of the world (net) (4-8) 16.3 14 Indirect business tax and nontax liability (1-24) 604.8
5 Net interest paid (2-16) 165.4 15 Contributions for social insurance 692.0
16 Employer (1-6) 385.7
6 Less: Dividends received by government (2-13) 13.6 17 Personal (2-21) 306.3
7 Subsidies less current surplus of government enterprises (1-25) 25.4
8 Less: Wage accruals less disbursements (1-4) 0
9 Current surplus or deficit (-), national income and product accounts (5-12) -5.1
10 Federal -110.5
11 State and local 105.3
GOVERNMENT CURRENT EXPENDITURES AND SURPLUS 2,412.7 GOVERNMENT RECEIPTS 2,412.7
Account 4.—Foreign Transactions Account
1 Exports of goods and services (1-48) 870.9 4 Imports of goods and services (1-49) 965.7
2 Receipts of factor income (1-34) 234.3 5 Payments of factor income (1-35) 232.6
3 Capital grants received by the United States (net) (5-13) 0 6 Transfer payments to the rest of the world (net) 39.8
7 From persons (net) (2-5) 15.9
8 From government (net) (3-4) 16.3
9 From business (1-23) 7.6
10 Net foreign investment (5-3) -132.9
RECEIPTS FROM THE REST OF THE WORLD 1,105.1 PAYMENTS TO THE REST OF THE WORLD 1,105.1
Account 5.—Gross Saving and Investment Account
1 Gross private domestic investment (1-40) 1,116.5 4 Personal saving (2-6) 239.6
2 Gross government investment (1-50) 224.3 5 Wage accruals less disbursements (private) (1-4) 1.1
3 Net foreign investment (4-10) -132.9 6 Undistributed corporate profits with inventory valuation and capital consumption adjustments 202.1
7 Consumption of fixed capital (1-26) 830.1
8 Private (1-27) 682.7
9 Government (1-28) 147.4
10 General government (1-29) 125.1
11 Government enterprises (1-30) 22.3
12 Government current surplus or deficit (-), national income and product accounts (3-9) -5.1
13 Capital grants received by the United States (net) (4-3) 0
14 Statistical discrepancy (1-32) -59.9
GROSS INVESTMENT 1,207.9 GROSS SAVING AND STATISTICAL DISCREPANCY 1,207.9

NOTE.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For example, line 3 of account 1 is shown as "wage and salary disbursements, (2-7)"; the counterentry is shown in account 2, line 7.