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Bureau of Economic Analysis

Survey of Current Business

Table of Contents
June 1998

Selected articles may be accessed by clicking on the links below. (An Acrobat version of the table of contents is also available; however, links to other files will work only when you use Acrobat Reader 4.0.)

Regular features

1 Business Situation (PDF)

Real GDP increased 4.8 percent in the first quarter of 1998 after increasing 4.2 percent in the fourth quarter of 1997; the price index for gross domestic pur-chases was unchanged after increasing 1.4 percent. Corporate profits increased $4.4 billion in the first quarter after decreasing $9.2 billion in the fourth. For the year 1997, property income's rate of return for domestic nonfinancial cor-porations increased to 9.8 percent, the highest in nearly 30 years. The fiscal position of the Federal Government shifted from a current deficit of $12.1 billion in the fourth quarter to a current surplus of $49.0 billion in the first quarter, the first surplus in nearly 30 years; the State and local government current surplus decreased $2.5 billion, to $107.6 billion.

15 Gross State Product by Industry, 1977–96 (PDF)

BEA's estimates of gross state product (GSP) have been updated to reflect the most recent annual revisions of the NIPA's, of the national estimates of gross product by industry, and of the estimates of State personal income. In 1996, real GSP increased in all States except Alaska and Hawaii; the five States with the fastest growth rates were Utah, Nevada, Delaware, Oregon, and New Hampshire. In 1996, the five States with the largest shares of nominal GSP were California, New York, Texas, Illinois, and Florida. From 1989 to 1996,theper capita GSP estimates by region show the same trend of convergence toward the U.S. average that was evident in the estimates of per capita personal income by region.

39 Foreign Direct Investment in the United States: New Investment in 1997 and Affiliate Operations in 1996 (PDF)

Outlays by foreign investors to acquire or establish businesses in the United States decreased from a record $79.9 billion in 1996 to $70.8 billion in 1997, the first decrease since 1992; the decrease reflected a reduction in the number of very large investments and a sharp decline in new investment from Japan. In 1996, most measures of the operations of U.S. affiliates of foreign companies increased. The gross product of affiliates increased 5 percent after increasing 3 percent in 1995, and employment by affiliates increased 1 percent after increasing 2 percent.

Reports and statistical presentations

68 Subject Guide: Volume 78 (1998), Numbers 1–6 (PDF)
70 Errata: National Income and Product Accounts (PDF)

D--1 BEA Current and Historical Data

National Data:

D--2 Selected NIPA Tables (PDF)
D--27 Other NIPA and NIPA-Related Tables (PDF)
D--36 Historical Tables (PDF)
D--41 Domestic Perspectives (PDF)
D--43 Charts (PDF)

International Data:

D--51 Transactions Tables (PDF)
D--57 Investment Tables (PDF)
D--62 International Perspectives (PDF)
D--64 Charts (PDF)

Regional Data:

D--65 State and Regional Tables (PDF)
D--69 Local Area Table (PDF)
D--71 Charts (PDF)

Appendixes: (PDF)

D--73 Appendix A: Additional Information About BEA's NIPA Estimates
D--75 Appendix B: Suggested Reading

Inside back cover: BEA Information (PDF)

(A listing of recent BEA publications available from GPO)

Back cover: Schedule of Upcoming BEA News Releases (PDF)

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Updated: December 28, 1998