erp1985 appendixes 2

Appendix B

STATISTICAL TABLES RELATING TO INCOME,

EMPLOYMENT, AND PRODUCTION

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

C O N T E N T S

NATIONAL INCOME OR EXPENDITURE:Page

B-l. Gross national product, 1929-84 232B-2, Gross national product in 1972 dollars, 1929-84 234B-3. Implicit price deflators for gross national product, 1929-84 236B-4. Fixed-weighted price indexes for gross national product, 1972

weights, 1959-84 238B-5. Changes in gross national product, personal consumption expendi-

tures, and related price measures, 1929-84 239B-6. Gross national product by major type of product, 1929-84 240B-7. Gross national product by major type of product in 1972 dollars,

1929-84 241B-8. Gross national product by sector, 1929-84 242B-9. Gross national product by sector in 1972 dollars, 1929-84 243B-10. Gross national product by industry, 1947-83 244B-ll . Gross national product by industry in 1972 dollars, 1947-83 245B-12. Gross domestic product of nonfmancial corporate business, 1929-

84 246B-l3. Output, costs, and profits of nonfmancial corporate business,

1948-84 247B-14. Personal consumption expenditures, 1929-84 248B-15. Gross and net private domestic investment, 1929-84 250B-16. Gross and net private domestic investment in 1972 dollars, 1929-

84 251B-17. Inventories and final sales of business, 1946-84 252B-18. Inventories and final sales of business in 1972 dollars, 1947-84 253B-l9. Relation of gross national product, net national product, and na-

tional income, 1929-84 254B-20. Relation of national income and personal income, 1929-84 255B-21. National income by type of income, 1929-84 256B-22. Sources of personal income, 1929-84 258B-23. Disposition of personal income, 1929-84 260B-24. Total and per capita disposable personal income and personal con-

sumption expenditures in current and 1972 dollars, 1929-84 261B-25. Gross saving and investment, 1929-84 262B-26. Saving by individuals, 1946-84 263B-27. Number and median income (in 1983 dollars) of families and per-

sons, and poverty status, by race, selected years, 1947-83 264

POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:B-28. Population by age groups, 1929-84 265B-29. Population and the labor force, 1929-84 266B-30. Civilian employment and unemployment by sex and age, 1947-84 .. 268B-31. Unemployment by duration and reason, 1947-84 269

227


Page

B-32. Civilian labor force participation rate and civilian employment/population ratio, 1948-84 270

B-33. Unemployment rate, 1948-84 271B-34. Civilian labor force participation rate by demographic characteris-

tic, 1954-84 272B-35. Civilian unemployment rate by demographic characteristic, 1948-

84 , 273B-36. Unemployment insurance programs, selected data, 1955-84 274B-37. Wage and salary workers in nonagricultural establishments, 1929-

84 275B-38. Average weekly hours and hourly earnings in selected private non-

agricultural industries, 1947-84 276B-39. Average weekly earnings in selected private nonagricultural indus-

tries, 1947-84 277B-40. Productivity and related data, business sector, 1947-84 278B-41. Changes in productivity and related data, business sector, 1948-84. 279

PRODUCTION AND BUSINESS ACTIVITY:B-42. Industrial production indexes, major industry divisions, 1929-84.... 280B-43. Industrial production indexes, market groupings, 1947-84 281B-44. Industrial production indexes, selected manufactures, 1947-84 282B-45. Capacity utilization rate in manufacturing, 1948-84 283B-46. New construction activity, 1929-84 284B-47. New housing units started and authorized, 1959-84 286B-48. Nonfarm business expenditures for new plant and equipment,

1947-85 287B-49. Sales and inventories in manufacturing and trade, 1947-84 288B-50. Manufacturers' shipments and inventories, 1947-84 289B-51. Manufacturers' new and unfilled orders, 1947-84 290

PRICES:B-52. Consumer price indexes, major expenditure classes, 1946-84 291B-53. Consumer price indexes, selected expenditure classes, 1946-84 292B-54. Consumer price indexes, commodities, services, and special

groups, 1940-84 294B-55. Changes in consumer price indexes, 1958-84 295B-56. Changes in consumer price indexes, commodities and services,

1929-84 296B-57, Producer price indexes by stage of processing, 1947-84 297B-58. Producer price indexes by stage of processing, special groups,

1974-84 299B-59. Producer price indexes for major commodity groups, 1947-84 300B-60. Changes in producer price indexes for finished goods, 1950-84 302

MONEY STOCK, CREDIT, AND FINANCE:B-61. Money stock, liquid assets, and debt measures, 1959-84 303B-62. Components of money stock measures and liquid assets, 1959-84... 304B-63. Aggregate reserves of depository institutions and monetary base,

1959-84 306B-64. Commercial bank loans and investments, 1972-84 307B-65. Total funds raised in credit markets by nonfinancial sectors, 1975-

84 308B-66. Bond yields and interest rates, 1929-84 310B-67. Consumer credit outstanding, 1950-84 312

228


B-68. Net change in consumer credit outstanding, 1950-84 313B-69. Mortgage debt outstanding by type of property and of financing,

1939-84 314B-70. Mortgage debt outstanding by holder, 1939-84 315

GOVERNMENT FINANCE:B-71. Federal budget receipts, outlays, and debt, fiscal years 1976-86 316B-72. Federal budget receipts, outlays, components, and debt, selected

fiscal years, 1929-86 318B-73. Relation of Federal Government receipts and expenditures in the

national income and product accounts to the unified budget,fiscal years 1984-86 319

B-74. Federal and State and local government receipts and expenditures,national income and product accounts, 1929-84 320

B-75. Federal and State and local,government receipts and expenditures,national income and product accounts, by major type, 1929-84 ... 321

B-76. Federal Government receipts and expenditures, national incomeand product accounts, 1960-86 322

B-77. State and local government receipts and expenditures, nationalincome and product accounts, 1946-84 323

B-78. State and local government revenues and expenditures, selectedfiscal years, 1927-83 324

B-79. Interest-bearing public debt securities by kind of obligation, 1967-84 '. 325

B-80. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-84. 326

B-81. Estimated ownership of public debt securities, 1976-84 327

CORPORATE PROFITS AND FINANCE:B-82. Corporate profits with inventory valuation and capital consumption

adjustments, 1929-84 328B-83. Corporate profits by industry, 1929-84 329B-84. Corporate profits of manufacturing industries, 1929-84 330B-85. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions, 1950-84 331B-86. Relation of profits after taxes to stockholders1 equity and to sales,

all manufacturing corporations, 1947-84 332B-87. Sources and uses of funds, nonfarm nonfinancial corporate busi-

ness, 1946-84 333B-88. Current assets and liabilities of U.S. corporations, 1940-84 334B-89. State and municipal and business securities offered, 1934-84 335B-90. Common stock prices and yields, 1949-84 336B-91. Business formation and business failures, 1940-84 337

AGRICULTURE:B-92. Farm income, 1929-84 338B-93. Farm output and productivity indexes, 1929-84 339B-94. Farm input use, selected inputs, 1929-84 340B-95. Indexes of prices received and prices paid by farmers, 1946-84 341B-96. U.S. exports and imports of agricultural commodities, 1940-84 342B-97. Balance sheet of the farming sector, 1929-85 343

INTERNATIONAL STATISTICS:

B-98. U.S. international transactions, 1946-84 344

229


B-99. U.S. merchandise exports and imports by principal end-use catego- °&e

ry, 1965-84 346B-100. U.S. merchandise exports and imports by area, 1975-84 347B-101, U.S. merchandise exports and imports by commodity groups,

1965-84 348B-102. International investment position of the United States at year-end,

1976-83 349B-103. International reserves, selected years, 1952-84 350B-104. Exchange rates, 1967-84 351B-105. World trade: Exports and imports, 1965, 1970, 1975, and 1980-84 352B-106. World trade balance and current account balances 1965, 1970,

1975, and 1980-84 353B-107. Industrial production and consumer prices, major industrial coun-

tries, 1960-84 354B-108. Civilian unemployment rate, and hourly compensation, major in-

dustrial countries, 1960-84 355B-109. Growth rates in real gross national product, 1961-84 356

230


General Notes

Detail in these tables may not add to totals becauseUnless otherwise noted,Symbols used:

p Preliminary.Not available

of rounding.all dollar figures are in current dollars.

(also, not applicable).

231Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross national product, 1929-84

[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

nation-al

prod-uct

Personal consumptionexpenditures

TotalDura-

blegoods

Non-dura- Serv-

Gross private domestic investment

Total

Fixed investment

Total

Nonresidential

Total Struc-tures

Pro-ducers'

dur-able

equip-ment

Residential

TotalNon-farm

struc-tures

Farmstruc-tures

Pro-ducers'

dur-able

equip-ment

Changein

busi-nessinven-tories

192919331939

19401941194219431944194519461947194819491950195119521953195419551956195719581959

196019611962196319641965 .1966196719681969

1970197119721973197419751976197719781979

19801981198219831984 *

1982:

\iZZZZ.iniv

1983:IIIIllIV

1984:

IV P

103.455.890.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

99271,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8

2,631.72,957.83,069.33,304.83,661.3

3,026.03,061.23,080.13,109.6

3,173.83,267.03,346.63,431.7

3,553.33,644.73,694.63,752.5

77.345.867.0

71.080.888.699,4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490,3536.9581.8

621.7672.2737.1812.0888.1976.4

1.084.31,204.41,346.51,507.2

1,668.11,849.11,984.92,155.92,342.3

1,931.31,960.92,001.32,046.1

2,070.42,141.62,181.42.230.2

2,276.52,332.72,361.42,398.6

9.23.56.7

7.89.76.96.56.78.0

15.820.422.925.0

30.829.829.132.531.838.637.939.336.842.4

43.141.646.751.456.463.068.070,180.585.7

85.297.2

111.1123.3121,5132.2156.8178.2200.2213.4

214.7235.4245.1279.8318.4

239.4241.6244.5255.0

259.4276.1284.1299.8

310.9320.7317.2324.7

37.722.335.1

37.042.950.858.664.371.982.790.996.694.9

98.2108.8113.9116.5118.0122.9128.9135.2139.8146.4

151.1155.3161.6167.1176.9188.6204.7212.6230.6247.8

265.7278.8300.6333.4373.4407.3441.7478.8528.2600.0

668.8730.7757,5801.7858.3

746.4750.6762.5770.6

775.2796.9811.7823.0

841.3858.3861,4872.1

30.320.125.2

26.228.231.034.337.139.645.350.455.358.2

63.068.574.080.686.192.199.2

105.9112.8121.9

130.7138.1147.0156.1167.1178.7192.4207.6225.8248.2

270.8296.2325.3355.2393.2437.0485.7547.4618.0693.7

784.5883.0982.2

1,074.41,165.7

945.4968.6994.2

1,020.6

1,035.81,068.61,085.71,107.5

1,124.41,153.71,182.81,201.8

16.21.49.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0

401.9484.2414.9471.6637.3

436.2431.2415.9376.2

405.0449.6491.9540.0

623.8627.0662.8635.5

14.53.08,8

10.913.48.16.48.1

11.724.334.441.138.4

47.048.949.052.954.362.466.367.963.472.5

72.972.579.284.991.7

103.7111.6112.5125.4139.5

141.0158.8184.8211.3214.5213.0

fo!:8360.1408.8411.7458.1441.0485.1580.4

453.2442.1431.3437.3

447.9469.0496.2527.3

550.0576.4591.0604.3

10.62.45.9

7.59.46.05.06.9

10.116.923.026.324.4

27.331.331.334.534.238.544.047.042.045.9

48.548.052.254.861.072.783.183.990.7

101.3

103.9107.9121.0143.3156.6157.7174.1205.2248.9290.2

308.8353.9349.6352.9426.0

365.7351.2342.2339.3

334.6339.3353.9383,9

398.8420.8435.7448.9

5.11.02.0

2.33.01.91.41.92.86.97.79.08.7

9.511.411.612.913.414.617.718.417.217.6

18.819.120.120.522.427.030.130.332.436.7

38.740.544.151.055.955.458.864.478.798.3

110.9135.3142.1129.7150.3

148.8142.7138.4138.4

130.4125.6126.2136.6

142.2150.0151.4157.5

5.51.43.9

5,26.44.13.75.07.39.9

15.317.315.7

17.819.919.721.520.823.926.328.624.928.3

29.728.932.134.438.745.853.053.758.264.6

65.267.476.992.3

100.7102,3115.3140.8170.2191.9

197.9218.6207.5223.2275.7

216.9208.5203.8201.0

204.2213.6227.8247.3

256.7270.7284.2291.4

3.9.6

2.9

3.44.02.21.41.31.57.4

11.414.913.9

19.817.617.718.420.123.922.320.921.426.6

24.524.527.030.130.730.928.528.634.838.2

37.150.963.868.057.955.372.095.8

111.2118.6

102.9104.391.4

132.2154.4

87.590.9

97,9

113.3129.8142.3143.4

151.2155.6155.3155.4

3.6

27

3.23.61.91.21.11.46.7

10.413.712.8

18.616.416.517.319.022.821.219.720.325.3

23.323.225.828.929.429.627.127.233.336.5

35.448.961.565.654.852.468.892.0

107.0114.0

99.886.6

127.6149.3

83.485.984.592.5

108.9125.3137.7138.7

146.4150.5150.1150.2

0.1.0.1

.1

.1

.1

.0

.0

.0

.2

.3

.3

.4

.4

.4

.4

.4

.4

.5

.5

.5

.5'.B.67.77.9

1.0

1.11.31.51.71.81.92.12.32.52.9

3.03.23.33.64.0

3.94.14.04.1

17= 1.6

2.24.51.8

- . 6-1 .0-1 .0

6.4- . 54.7

-3 .1

6.810.33.1

- 1 . 56.0471.3

-1 .55.7

3.02.36.36.05,69.9

14.110.37.99.8

3.27.7

10.218,514.1

-6 .911.823.026.514.3

=9.826.0

—26.1= 13.5

56.8

-17.0-=10.9-15.3-61.1

-42.9-19.4=4.312.7

73.850.671.831.1

See next page for continuation of table.

232


TABLE B-l.—Gross national product, 1929-84—Continued


Year or quarter

19291933.1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984"

1982:I||IllIV

1983:1IIIllIV

1984:

||IIIIV P

Net exports of goods andservices

Netexports

1.14

1.2

1.815.2

19- 1 7

578

11.9696.5

2.2443.2132.5305.3733.31.4

5.56.66.47.6

1018.8656.3434.2

674.1

714.213 426.813 84 0

- 1 . 113.2

23 928.019.0

- 8 366 3

27.735 5666.3

19.6- 6 516 4

-29.8

- 5 1 5- 5 8 7

90 6643

Exports

7.0244.6

5.4615.04.65.574

15.120.217.516.3

14.419.719.118.018.721.025.028.124.224.8

28.929.931.834.238841.144.647.352 457.5

65 768.877 5

109.61462154.91709182.7218.7281.4

338 8369.9348.4336.2363.7

359.4366.3346 3321.7

328.5328.1342 0346.1

358.9362.4368.6364.7

Imports

5.92.03.4

3.6474.86.57.2797.38.3

10.59.8

12.215.315.916.716.218.019.820.821.023.4

23.423.325.426.628 832.338.141.048.153.3

59 064.776 795.4

132.8128.11571186.7219.8268.1

314 8341.9329.4344.4429.9

331.7330.8339.7315.4

308.9334.5358.4375.9

410.4421.1459.3429.0

Government purchases of goods andservices

Total

8.882

13.5

14.224 959.888.997.082 827 525.532 038.4

38.560175.682 575.875.079.487.195.097.6

100.3108.2118.0123.7129 8138.4158 7180.2199.0208.8

2201234.92531270.43041339.93621393.8431.9474.4

537 8596.5650.5685.5748.0

630.9633.7656 3681.0

678.8682.2689.8691.4

704.4743.77610782.7

Federal

Total

1.42 15.2

6.116952.081.389.474 617.612.716.720.4

18.738.352.457.547.944.545.950.053.953.9

53.757.463.764.665.267.378.890.998.097.6

95 796.2

1017102.0111.0122.7129 2143.4153.6168.3

197 0228.9258.9269.7295.5

249.8245.0261.6279.4

273.0270.5269.2266.3

267.6296.4302.0316.1

Nation-al

defense

1.2

2.213 749.479.787.473 514.89.0

10.713.2

14.033.545.848.641.138.440.244.045.645.6

44.547.051.150.349.049.460.371.576.976.3

73.670.273.172.877.083.086 092.8

100.3111.8

1312153.7179.5200.5221.5

168.4175.3183.3191.0

194.7199.3200.9207.2

213.4220.8220.3231.4

Non-de-

fense

3.9

3.9322.61.62.0112.83.7607.2

4.7486.5896.86.05.75.98.38.3

9.310.412.714.316.217.818.519.521.221.2

22 226.028 529.133 939.743 250.653.356.5

65 975.279.469.374.0

81.469.778.288.4

78.371.368.359.1

54.275.681.784.6

Stateandlocal

7.46 18.3

8.1807.87.57.6829.9

12.815.318.0

19.821.823.225 027.830.633.537.141.143.7

46.550.854.359.064.671.179.889.3

101.0111.2

124.4138.7151.4168.5193.1217.22329250.4278.3306.0

340.8367.6391.5415.8452.4

381.1388.7394.7401.6

405.8411.6420.6425.1

436.8447.4458.9466.6

Finalsales

101.757.490.5

97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4

279.7320.5344.8366.3368.4394.1417.0442.6451.2482.2

503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2

989.51,070.01,175.71,307.91,420.11,556.11,706.21,895.32,137.42,403.5

2,641.52,931.73,095.43,318.33,604.4

3,043.13,072.13,095.53,170.8

3,216.83,286.43,350.93,419.0

3,479.53,594.13,622.83,721.4

Percent changefrom preceding

Grossnation-

alprod-uct

6.6- 4 2

7.0

10.025 026.721.39.6

9-1 .211.111.3

5

10.915.55.254.0

9.05,45.31.38.5

3.83.67.75.66.98.49.45.89.28.1

5.28.6

10.111.88.18.0

10.911.712.811.7

8.812.43.87.7

10.8

.24.72.53.9

8.512.310.110.6

14.910.75.66.4

Finalsales

- 5 65.3

8.123 230.023.09.8

9-4 .714.89.12.6

7.014.67.662

.67.05.86.11.96.9

4.43.77.05.77.07.88.96.49.77.9

5.98.19.9

11.28.69.69.6

11.112.812.4

9.911.05.67,28.6

4.63.93.1

10.1

5.98.98.18.4

7.313.fi3.2

11.3

1 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.

233


TABLE B-2.—Gross national product in 1972 dollars, 1929-84

[Billions of 1972 dollars, except as noted; quarterly data 3t seasonally adjusted annual rates]

Year orquarter

Grossnationalproduct


Total Durable Non-Jurabtgoods

durable Services

Gross private domestic investment

Total

Fixed investment

Total

Nonresidential

Total Struc-tures

Produc-ers'

durableequip-ment

Residential

TotalNon-farmstruc-tures

Farmstruc-tures

Produc-ers'

durableequip-ment

inbusi-ness

inven-tories

19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019S11962196319641965196619671968196919701971197219731974197519761977 .1978197919801981198219831984 ".1982:

315.7222.1319.8344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.61,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.41,475.01,512.21,480.0

215.1170.5219.8229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6931.8950.5963.3

1,534.7 1,009.21,639.0 1,062.6

IIIIV

1983:IIIIllIV

1984:IIIIllI V

1,483.51,480.51,477.11,478.8

1,491.0

953.7958.9964.2976.3

982.51,524.8 1,006.21,550.21,572.7

1,015.61,032.4

1,610.9 1,044.11,638.81,645.21,661.11,645.2 1,065.9

1,064.21,065.91,076.2

20.910.718.621.224.215.714.013.014.425.430.132.535.542.639.138.042.142.551.148,848.645.350.751.449.354.759.764.872.678.479.588,391.889.198.2

111.1121.3112.3112.7126.6138.0146.8147.2

137.5140.9140.!1571177.9

138.5138.8139.3145.2

146.8156.2159.6167.2

173,7178.6177.0182.1

98.182.9

115.1119.9127.6129.9134.0139.4150.3158.9154.8155.0157.4161.8165.3171.2175.7177.0185.4191.6194.9196.8205.0208.2211.9218.5223.0233.3244.0255.5259.5270.5277.3283.7288.7300.6307.4302.5307.5321.9333.4344.4353.1355.6360.8363.1376.3394.2

360.5362.0363.7366.0

368.8374.9378.5383.2

387.1396.6395.5397.5

96.176,986.188.891.895.5

100.2102.8106.3116.7120.S124.7126.5132.9137.2140.9145.6150.5157.6165.0170.3175.9184.8192.4200.2208.8217.8229.8240.9251.8263.7275.6288.8299.3309.9325.3339.2348.0359.3374.7393.0412.0427.3438.8448.8459.8475.4490.6

454.7458.1461.2465.1

466.8475.1477.6482.0

483.4488.9493.5496.6

55.88.4

33.644.555.829.518.119.727.770.970.082.165493.593.983.085.383.1

103.8102.697.087.5

108.0104.7103.9117.6125.1133.0151.9163.0154.9161.61714158.5173.9195.0217.5195.5154.8184.5214.2236.7236.3208.5230.9194.3221.0289.7

204.7200.4194.3177.8

191.3212.6230.6249.5

285.5283.9300.2289.1

51.213.232.038.343.824.318.022.031.458.770.276.669.883.080.278.783.885.396.196.395.589.3

100.9101.2100.9109.7117.5125.9140.1146.2142.7152.6160.4154.8165.8184.8200.4183.9161.5176.7200.9220.7229.1212.9219.6204.7224.6265.5

211.4204.5200.7202.4

207.8218.7229.8242.2

253.9263.7269.6274.9

37.510420.925.830.417.614.018.727.642.148.951.146.050.052.952.156.355.461.365.466.259.363.666.966.772.075.182.797.4

108.0105.6109.5116.8113.8112.2121.0138.1135.7119.3125.6140.3158.3169.9165.8175.0166.9171.0205.2

175.2166.9163.9161.5

161.6165.3172.6184.5

193.3202.9209.5215.1

21.15.08.7

10.012.06.84.25.58.3

18.917.418.417.919.220.720.622.623.625.428.328.426.827.429.530.231.631.934.440.643.442.042.845.043.942.844.147.443.638.339.540.444.649.148.853.253.349.256.9

55.453.752451.9

49.048.148.351.4

54.156.857.159.6

16.45.5

12.115.818.510.99.8

13.219.223.231.532.628.130.832.231.533.731.835.937.037.832.536.237.436.540.443.148.356.864.563.666.871,869.969.376.990.792.181.186.199.9

113.7120.8117.0121.8113.5121.8148.3

119.8113.2111.5109.7

112.5117.2124.3133.1

139.2146.01524155.5

13.72.8

11.112.513.36.74.0343.8

16.621.325.623.833.027.326.627.529,934.831.529.230.037.434.234.337.742.543.142.738.237.143.143.641.053.763.862.348.242.251.260.762.459.147.144.537.953.760.3

36.237.636.840.8

46.253457.257.8

60.660.860.159.8

13.02.5

10.411.612.36.03.53.03.4

15.319.723.822.1

31.325.725.126.128.533.530.027.828.635,932.932.836.340.941.541.236.635.441.341.739.251.661.559.945.339.848.757.959.556.344.242.035.351.257.6

33.935.034.438.1

43.851.054.755.2

58.058.157.357.0

0.6

'.6.8.9.644.3

1.11.31.51.41.31.31.21.21.1.9

1.01.0.9

1.0.8

1.0.9.9.9.8.9.9.8.9.6

'.$1.1

0.1.1.1.1.2,1,0.0.1

.3

.3

.3

.3

.3

'.2444.5.6

.5

.6

.6

7.8.8.9

1.11.11.31,51.71.71.61.71.8IS2J2.02.01.92.12.3

1.91.91.91.9

2.02.12.12.2

2.22.32.32.4

4.6-4 .9

1.66.2

12.05.2

~2i3- 3 . 612.2— 25 5

= 4 410.613.74.31.5

-2 .27.75.81.5

-1 .87.03.53.07.87.57.1

11.816.812.29.0

11.13.88.1

10.217.211.6

-6 .77.8

13.316.07.3

-4 .411.3

- 1 0 4-3 .624.2

-6 .7-4 .0- 6 4

-24.6

= 16.5-6 .1

.97.2

31.620.330.614.2


234


TABLE B-2.—Gross national product in 1972 dollars, 1929-84—Continued

[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

197019711972197319741975 .19761977 . . •19781979

19801981198219831984"

1982:IItHIIV

1983:

IIIIIIV

1984:|||IIII V

Net exports of goods andservices

Netexports

3.7,4

3.4

4.43.2

- . 6-5 .9- 6 . 2-3 .713.218.910.810.7

5.910.17.94.86.97.3

10.11185.62.7

7.78.57.594

12.81016.5541.9.9

3.91.6.7

15 527.832 225.422 024 037.2

50.343 829 712 615 5

34.934125 724.1

22.913 61192.0

- 8 . 3- 1 1 4

27 0-15.2

Exports

16.79.1

14.3

15.516411.49.8

10.513.827.332.226.325.8

23.628.627.926.627.830.735.338 033.233.8

38.439.341.844850.351 754.456 761.265.0

70.571.077.597 3

108.5103 5110.1112.9126 7146.2

159.1160.2147 6139 5145.8

152.2155.1146 6136.7

138.2137.01416141.0

144.9144.7147 4146.2

mports

12.98.6

10.9

11.113.212.015.716.817.514.013.315.515.2

17.718.520.021.820.923.425.226.127.631.1

30.730.934.335 437.541.647.951.359.364.1

66.669.376.781880.771484.790.9

102 7109.0

108.8116.4118.0126.9161.3

117.3121.0120.9112.6

115.3123.4129.7139.1

153.2156.2174.4161.4

Government purchases of goods andservices

Total

41.042963.0

65.397 8

191.6271.3300.4265.493.175.784 796.8

98.1133.7159.8170.1156.0152.3153.51612169.8170.6

172 8182.9193 2197 6202.62098229.7248 5260.2257.4

2511250.1253.1253 3260.3265 2265.2269.2274 6278.3

284.3287.0292 72919302.2

290.2287.0292.8300.6

294.3292.4292.0288.8

289.5302.1306.1311.0

Federal

Total

7.010.922.8

26.761.0

157.4239.6269.7233.7

58.236.342 849.2

47.382.2

107.2114.796.188.286.890.693.491.4

90 495.3

102.81018100.21003112.61251128.1121.8

1106103.7101.795 996.697 496.8

100.4100 3102.1

106.4110.3117.0116.2122.4

114.8111.0117.2124.8

119.0117.2115.6113.0

112.2123.2125.0129.1

Nation-al

de-fense

73*168 366.966.464.965.465.767.4

70.073.579.184.789.5

75.778.180.681.9

83.384.884.486.3

87.189.689.192.1

Non-de-

fense

2&527 629.731031.835.034 734.8

36.436.737.931.532.9

39.132.936.642.9

35.732.331.226.7

25.233.636.037.0

Stateandlocal

33.932.040.3

38.636834.331.730.731.734.939.441947.5

50.851.552.755.359.964.166.770.676.479.2

82.487.590.495 8

102.4109 5117.1123.4132.1135.6

140.5146.4151.4157.4163.6167.8168.4168.8174.3176.2

177.9176.8175.7175.7179.8

175.4176.0175.7175.8

175.3175.2176.4175.8

177.3178.9181.1181.9

Finalsales

311.0227.0318.2

337.93884456.5531.5571.4564.0466.1470.6484 3496.6

524.2565.6596.5622.1618.2649.8665.8682.2682.7714.7

733.7753.7792.4825.0869.3917.5968.0999.2

1,049.11,076.6

1,081.81,114.31,175.71,237.11,234.71,238.41,290.41.356.41,422.61,472.2

1,479.41,500.91,490.41,538.31,614.8

1,490.31,484.51,483.51,503.4

1,507.51,530.91,549.31,565.4

1,579.31,618.51,614.61,646.9

Percent changefrom preceding

period1

Grossnation-

alprod-uct

6.6- 2 2

7.8

7.616315.315.17.1

-1 .5- 1 4 7

-1 .741

.5

8.78.33.73.8126.72.118

- . 46.0

2.22.65.8405.36.06.02.74.62.8

— 23.45.75.8

- . 6- 1 . 2

5.45.55.02.8

- . 32.52.13.76.8

- 4 . 6- .8- .9

.5

3.39.46.85.9

10.17.11.63.9

Finalsales

- 3 . 16.3

6.214 917.516.47.513

-17.41.0292.5

5.67.95.54.3

- . 65.12.52.5

il2.72.75.14.15.45.55.53.25.02.6

.53.05.55.2

- .2.3

4.25.14.93.5

.51.5

3.25.0

- 1 . 0- 1 . 5

- .35.5

1.16.44.94.2

3.610.3

-1 .08.3

Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.

235


TABLE B-3.—Implicit price deflators for gross national product, 1929-84

[Index numbers, 1972-100, except as noted; quarterly data seasonally adjusted]

Year or quarterGross

nationalproduct


Total Durable Non-durablegoods

Services

Gross private domestic investment'

Fixed investment

Total

(Presidential

Total Structures

Pro-ducers'

dur-able

equip-ment

Residential

Total

Non-farmstruc-tures

Farmstruc-tures

Pro-ducers'

dur-able

equip-ment

192919331939.....

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984 "...

1982:IIIIllIV

1983:IIIIllIV

1984:

\\ZZ.IIIIV P.....

32.7625.1328.43

29.0631.2334.3236.1437.0137.9143.8849.5552.9852.49

53.5657.0957.9258.8259.5560.8462.7964.9366.0467.60

68.7069.3370.6171.6772.7774.3676.7679.0682.5486.79

91.4596.01

100.00105.75115.08125.79132.34140.05150.42163.42

178.42195.60207.38215.34223.38

203.98206.77208.53210.27

212.87214.25215.89218.21

220.58222.40224.57225.90

35.926.930.5

30.933.236.740.142.444.147.852.956.055.8

56.960.662.063.263.764.465.667.869.270.6

71.972.6

•73.774.875.977.279.481.484.688.4

92.596.5

100.0105.7116.4125.3131.7139.3149.1162.5

179.0194.5206.0213.6220,4

202.5204.5207.6209.6

210.7212.8214.8216.0

218.0219.2221.5222.9

44.232.535.9

36.740.043.746751.355.562.167.870.370.5

72.276.376.777.275.075.677.780.981.383.8

83.884.385.486.287.186.886.788.291.193.3

95.799.0

100.0101.7108.2117.3123.9129.2136.4145.0

156.2167.1174.5177.7179.0

172.8174.0175,5175.6

176.6176.8178.0179.3

179.0179.5179.2178.3

38.426.830.5

30.933.639.143.746.247.852.158.762.360.3

60.765.866.566.366.666.367.369.471.071.4

72.673.373.974.975.877.380.181.985.389.4

93.696.6

100.0108.5123.4132.5137.2143.6153.4169.9

188.1202.5208.7213.0217.7

207.1207.4209.6210.5

210.2212.6214.5214.8

217.4216.4217.8219.4

31.626.129.2

29.530.832.434.236.137.338.841.744.446.0

47.449.952.655.457.258.460.162.264.166.0

67.969.070.471.772.774.276.478.781.986.0

90.595.6

100.0104.7113.0121.6129.6139.3150.0162.3

178.8196.8213.6226.0237.6

207.9211.4215.6219.4

221.9224.9227.3229.7

232.6236.0239.7242.0

28.322.427.7

28.530.733.535.737.037.241.349.053.754.9

56.760.962.363.163.665.068.571.171.071.8

72.171.872.272.372.974.076.378.882.287.0

91.195.7

100.0105.5116.7131.9139.2149.8163.2178.5

193.4208.6215.4216.0218.6

214.4216.2214.9216.1

215.6214.4216.0217.7

216.6218.6219.2219.9

28.322.928.2

29.131.033.935.936.836.740.046.951.553.0

54.559.160.161.261.762.967.371.070.972.2

72.572.072.573.173.874.776.979.582.886.7

91.396.2

100.0103.8115.4132.2138.6146.3157.2170.8

186.2202.2209.5206.4207.6

208.7210.4208.8210.1

207.1205.2205.1208.1

206.3207.4208.0208.8

24.319.223.0

23.424.928.432.433.833.936.644.048.848.4

49.355.156.357.456.557.662.464.963.964.2

63.763.363.664.164.966.469.272.275.881.5

88.294.5

100.0107.7128.2144.8149.0159.4176.4200.2

227.4254.2

264!l

268.7265.8264.1266.8

266.0261.3261.4265.9

262.6264.1265.2264.5

33.426.232.0

32.834.937.337.338.037.942.848.653.056.0

57.861.762.663.865.566.671.175.576.678.3

79.479.379.479.780.180.682.184.387.289.9

93.297.2

100.0101.8109.3126.2133.9141.0149.7158.8

169.1179.4

ill!186.0

181.0184.2182.8183.2

181.4182.2183.2185.8

184.4185.4186.5187.4

28.220.726.6

27.430.032.434.938.140.844.653.758.158.7

60.064.466.466.967.168.771.071.471.271.1

71.471.371.570.971.272.374.677.080.787.7

90.594.8

100.0109.1120.3131.0140.7158.0178.3200.5

218.5234.1241.3246.4255.9

241.7241.8241.8240.0

245.2243.0248.7248.3

249.4255.9258.6259.8

27.819.826.3

27.229.731.834.337.340.043.953.057.558.1

59.563.865.866.366.668.270.570.970.770.6

70.970.971.170.570.872.074.376.780.587.5

90.394.7

100.0109.4120.8131.6141.3159.0179.8202J

221.6237.7245.1249.4259.2

246.0245.7245.8243.1

248.5245.9251.7251.2

252.3259.2262.1263.4

28.619.523.4

23.626.630.735.740.842.946.652.857.358.0

59.463.865.766.266.568.370.670.970.870.7

71.170.771.270.670.972.274.276.780.687.5

90.695.0

100.0109.2120.5131.9140.7157.0180.0202.7

218.1235.7249.3247.3261.8

243.2249.5245.4254.5

249.8245.4245.7248.0

258.5261.7261.1265.7

77.258.861,1

59.663.871.371.475.084.695,2

105.6111.5107.9

107.4114.9114.6114.2112.4109.1104.3103.4101.9101.8

100.899.096.895.394.392.190.891.093.595.7

97.899.3

100.0100.6106.8116.9122.7126.7132.6140.3

149.2159.3168.6172.6173.2

165.7168.2169.6170.8

171.5171.7172.7174.7

174.1173.6172.3173.0


236


TABLE B-3-—Implicit price deflators for gross national product, 1929-84—Continued

[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]

Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953 ...195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984 P

1982:1||IllIV

1983:Ij |IllIV

1984:1 . .||IIIIV *

Exports andimports of goods

and servicesl

Exports

42.226 532.1

34.937.343 646.851953.655.462 866 563.1

61.068 868.667 567 268.571074.073173.5

75.276176 076 377.279481.983.585 588.5

93 2•97 0100.0112.7134 8149.6155 31619172.6192 5

212 9230.9236 0241.0249 4

236.2236 2236 2235.3

237.7239 42415245.4

247 7250 42501249.4

Imports

45.523 631.0

32.835.440041.342 744.951.862 367.864.6

68.882.679.976 777.277.178.479.676.175.2

76.175.574 275.276.877.779.479.981183.2

88 693 3

100.0116.7164 6179.6185 6205 5214.1246.1

289 4293.8279.3271.5266 6

282.9273.3280.9280.1

267.8271.0276 3270.3

267.9269 6263 3265.8

Government purchases of goods and services

Total

21.519 221.4

21.725.531232.832 331.229.633 637.739.7

39.245 047.348 548.649.251.754.056 057.2

58.059.161162.664.166.069.172.576 581.1

87 793 9

100.0106.7116 8128.2136 6146 3157.3170.4

189 2207.8222.2234.9247 5

217.4220.8224.1226.5

230.6233.3236 2239.4

243.3246 2248 6251.6

Federal

Total

20.519 422.7

22.727.833 034.033131.930.235 039.041.4

39.646 648.950149.950.452.955.157 759.0

59.460 262 063 565.167170.072.776 580.1

86 692 7

100.0106.3114 9126.0133 5142 8153.1164.8

185 2207.6221.4232.12414

217.6220.7223.2223.8

229.4230.8232 8235.6

238.5240 62415244.8

Nationaldefense

100.0106.61151124.9132.41419152.7166.0

187.5209.1227.0236.6247.6

222.5224.5227.4233.1

233.7234.8237.9240.0

245.1246.4247.4251.2

Non-defense

100.0105.6114 2128.2135.7144 6153.8162.5

180.8204.7209.8220.0224.8

208.2211.7213.9206.2

219.4220.3219.1221.4

215.5225.1227.1228.7

Stateandlocal

21.819.120.7

20.921.722.823.724 825.828.532.436.437.8

38.942.344.145 246.547.650.252.653.855.1

56.558.060161.663.164.968.272.476 482.0

88.694 7

100.0107.0118.0129.4138.3148 4159.7173.7

191.5208.0222.8236.7251.6

217.2220.8224.7228.4

231.5234.9238.4241.8

246.4250.0253.5256.5

Finalsales

32.725.328.4

29.031.034.336.337.037.943.749.652.652.6

53.356.757.858.959.660.662.664.966.167.5

68.669.370.571.672.774.276.679.082.586.8

91.596.0

100.0105.7115.0125.7132.2139.7150.3163.3

178.6195.3207.7215.7223.2

204.2206.9208.7210.9

213.4214.7216.3218.4

220.3222.1224.4226.0

Percentfrom pr

peri

GNPimplicitprice

deflator

0.0- 2 . 1

- . 8

2.27.59.95.3242.4

15.712.96.9

- . 9

2.16.61.4161.22.23.23.41.72.4

1.6.9

181.51.52.23.23.04.45.1

5.45.04.25.88.89.35.25.87.48.6

9.29.66.03.83.7

4.65.63.43.4

5.02.63.14.4

4.43.33.92.4

changeseeding

Finalsales

implicitprice

deflator

- 2 . 6- . 9

1.87.2

10.65.62 12.2

15.313.76.0

.1

1.3622.019121.8333.61.92.1

1.71.0181.51.52.13.23.14.45.2

5.45.04.15.78.89.35.25.77.58.7

9.49.46.33.93.5

575.53.44.4

4.82.43.14.0

3.53.24.22.9

1 Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports ofgoods and services.

2 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here. Quarterlychanges are at annual rates.

Source: Department of Commerce, Bureau of Economic Analysis.

237


TABLE B-4.—Fixed-weighted price indexes for gross national product, 1972 weights, 1959-84

[Index numbers, 1972=100, except as noted; quarterly data seasonally adjusted]


nationalproduct

Personalcon-

sumptionexpendi-

tures

Gross private domesticinvestment1

Fixed investment

Total Nonresi-dential

Residen-tial

Exports andimports of goods

and services1

Exports Imports

Government purchases ofgoods ana services

Total

Federal

Total National Non-defense

Stateandlocal

Percentchange

frompreced-

nationalproductfixed-

weight-ed priceindex2

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 "...

1982:(idIIIIV

1983:IIItilIV

1984:I..IIIllIV *....

69.8

70.871.672.473.274.1

75,377.579.883.187.3

91.896.2100.0106.0115.9

126.4133.7142.2153.3167.8

184.2201.9214.8223.8233.2

210.9213.4216.4218.9

220.7222.9225.5227.6

230.4232.8235.1237.1

73.1

74.174.875.576.377.2

78.280.182.085.088.7

92.796.6

100.0106.1117.1

126.3133.0141.2151.6166.3

184.8202.1213.9222.4231.1

210.1212.0215.4218.0

219.1221.5223.6225.5

228.2230.0232.2234.4

74.4

74.774.474.274.074.3

75.277.079.382.587.3

91.295.8

100.0105.8117.9

132.3140.2151.8167.0185.4

204.1221.2231.4234.5240.6

229.8231.1232.6232.5

235.6234.5237.1237.5

238.6242.2244.0244.9

74.1

74.574.374.474.775.3

76.177.980.383.387.0

91.696.3

100.0104.0116.5

132.9139.9148.5160.9177.2

195.9213.8225.9230.4234.8

222.6225.3227.4228.9

230.4230.0231.0231.7

232.9234.7236.1236.7

74.9

74.974.773.972.672.6

73.575.377.581.087.8

90.694.9

100.0109.2120.5

131.2140.8158.0178.4200.8

219.5235.3241.7242.3252.2

243.5242.3242.5239.5

245.5242.9248.7248.4

249.4256.4259.0260.4

73.4

75.076.076.076.377.1

79.481.883.385.588.5

93.197.0

100.0112.6137.4

151.8156.9164.0174.9197.2

218.4238.4243.8248.0250.6

244.0244.8244.0243.5

244.5246.8249.0252.7

254.4257.2256.3255.5

75.0

76.075.273.774.776.3

77.178.879.380.783,0

88.493.3

100.0116.7161.5

175.1178.7195.0210.1244.5

304.4317.2309.0299.9299.3

315.5308.5306.1307.0

304.1299.4299.4298.7

300.3302.1299.3297.8

56.9

58.359.561.362.864.4

66.269.272.476.481.3

87.994.0

100.0106.9117.9

129.2137.3147.0158.4173.2

193.8211.8225.6236.5249.2

221.4223.9226.4230.9

232.7234.8237.8240.7

245.0248.2250.6252.8

58.5

59.660.561.763.365.3

67.169.671.575.779.8

86.792.9

100.0106.7117.0

128.0135.4145.0155.4169.5

192.7214.1228.7236.7246.6

225.4226.9228.2234.3

234.6234.8237.2239.9

244.1246.4247.3248.3

100.0106.9117.5

127.9135.6145.5156.5171.7

196.7218.9234.0242.3252.7

230.8232.1233.0240.0

240.1240.1242.5246.1

250.2252.9253.4254.4

100.0106.1115.6

128.3135.0143.6152.6164.0

182.6201.9215.1222.3230.7

211.6213.3215.8219.5

220.7221.0223.7224.0

228.5230.0231.6232.8

55.8

57.458.961.062.563.9

65.668.873.176.982.3

88.794.8

100.0107.0118.4

130.0138.5148.4160.4175.7

194.5210.2223.6236.4250.9

218.8221.8225.3228.6

231.4234.7238.2241.2

245.5249.4252.8255.8

1.51.11.21.11.2

1.72.93.04.15.0

5.24.84.06.09.4

9.15.86.37.89.5

9.89.76.44.24.2

5.64.75.84.6

3.34.14.73.9

5.04.34.03.5

1 Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports ofgoods and services.

2 Quarterly changes are at annual rates.Source: Department of Commerce, Bureau of Economic Analysis.

238


TABLE B-5.—Changes in gross national product, personal consumption expenditures, and related pricemeasures, 1929-84

[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year or quarter

192919331939194019411942194319441945 :19461947 ...194819491950 ....19511952195319541955 .1956195719581959I960196119621963196419651966 ...19671968196919701971197219731974197519761977197819791980 .1981198219831984"1982:

IIIHIIV ..

1983:1•1IIIIV ...

1984:

IIIII .

Gross national product

Currentdollars

6.6- 4 . 2

7.010025026.721.39.6

.912

11111.3

510 915 55254.0

9.0545.3138.5383.6775.66.98.4945.8928.1528.6

1011188.180

10.911.712 811788

12 43.87.7

10.8

2472.539

8512.310.110 6

14.910.7566.4

Con-stant

(1972)dollars

6.6-2 .2

7.876

16315.315.17.1

-1 .514 7

- 1 74.1

5878.33738

-1 .26.7211.8

- 46.0222.6584.05.3SJO602.7462.8

23.45758

6- 1 2

5.45.55.02.8

- 325

-2.13.76.8

468

-.9.5

339.46.85.9

10.17.11.63.9

Implicitprice

deflator

0.0-2.1

82275995.32.424

15712 96.9

g216614161.22.23 23.4172.416.9

181.51.52.2323.0445.1545.0425.88.8935.25.87.48.69.296

2:83.83.7

46563.43.4

5.02.63.14.4

4.43.33.92.4

Chainpriceindex

161.2141.31.41.9313.0435.0534941609.19 25.76.17.68 989956.64.34.0

60535.85.0

344.34.44.1

4.94.13.93.4

Fixed-

ed priceindex(1972

weights)

151.1121.11.21.72 93.0415.05 24.8406.09.49 15.86.37.89.59.8976.44.24.2

56475.84.6

3.34.14.73.9

5.04.34.03.5

Personal consumption expenditures

Currentdollars

- 5 . 74.660

13 89.7

12.28.8

10.520312.58.0197.87.9485.82.77.64.95.43.27.44.53.1605.56.97.5815.49.58.4698.196

10.29.49.9

11.011.111.811.910.710.97.38.68.6

8.66.38.59.3

4.814.57.69.2

8.610.25.06.5

Con-stant

(1972)dollars

- 2 . 05.3465.9

-1 .02.92.86.2

11.11.62.12.35.61.3253.81.86.52.92.11.05.42.62.14.53.85.55.65.12.95.33.72.23.75.84.2

- . 72.25.65.04.52.7.5

2.01.44.85.3

2.92,22.25.1

2.610.03.86.8

4.67.9.7

3.9

Implicitprice

deflator

-3 .8

1374

10.89.05.84.183

10 75.8

- 3206.5231.9.9

1.01.93.32.21.91.91.01.51.61.41.82.92.44.04.54.64.33.75.7

10.17.65.15.87.09.0

10.28.75.93.73.2

5.54.06.14.0

2,24.13.72.3

3.82.24.32.5

Chainpriceindex

1.71.11.11.41.21.5272.53.84.54.64.33.66.1

10.47.75.36.07.39.3

10.79.26.14.13.9

5.74.26.35.0

2.54.43.73.6

4.73.33.93.8

Fixed-weight-ed price

index(1972

weights)

1.5.9.9

1.21.11.32.42.43.64.44.54.23.56.1

10.47.8

6 27.49.7

11.19.45.94.03.9

5.43.76.64.9

1.94.53.93.4

4.93.14.C3.S

Note.—Changes are based on unrounded data and may differ slightly from changes computed from data shown elsewhere in thesetables.


239


TABLE B-6.—Gross national product by major type of product, 1929-84

[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter


Finalsales

Inven-tory

change

Goods

Total

Total Finalsales

Inven-tory

change

Durable goods Nondurable goods

Final Inven-tory

change

Finalsales

Inven-tory

change

Services Struc-tures

Autooutput

192919331939

19401941194219431944194519461947.1948.1949

1950...1951...19521953..195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984 P....,

1982:jit"!'."in....IV....

1983:

if.!!!!in....

IV....

1984:

iniv *....

103.455.890.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8

2,631.72,957.83,069.33,304.83,661.3

3,026.03,061.23,080.13,109.6

3,173.83,267.03,346.63,431.7

3,553.33,644.73,694.63,752.5

101.757.490.5

97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4

279.7320.5344.8366.3368.4394.1417.0442.6451.2482.2

503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2

989.51,070.01,175.71,307.91,420.11,556.11,706.21,895.32,137.42,403.5

2,641.52,931.73,095.43,318.33,604.4

3,043.13,072.13,095.53,170.8

3,216.83,286.43,350.93,419.0

3,479.53,594.13,622.83,721.4

1.7-1 .6

.4

2.24.51.8

- . 6- 1 . 0- 1 . 0

6.4- . 54.7

-3 .1

6.810.33.1

.4- 1 . 5

6.04.71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

- 6 . 911.823.026.514.3

- 9 . 826.0

-26.1-13.5

56.8

= 17.0-10.9-15.3-61.1

-42.9-19.4- 4 . 312.7

73.850.671.831.1

56.127.049.0

56.072.593.7

120.4132.3128.9125.3139.8154.4147.7

162.4189.5194.6203.1196.1214.5223.3232.3228.2248.5

254.2257.4278.5290.3309.8338.4375.0389.4421.3450.2

459.9485.3529.6604.1646.7694.0771.1855.0958.6

1,065.6

1,140.61,294.81,276.81.355.71,540.4

1,282.81,286.01,276.31,261.9

1,288.71,337.11,373.21,423.9

1,498.01,544.81,549.21,569.4

54.428.648.6

53.868.091.9

121.0133.3129.9118.9140.3149.7150.8

155.6179.2191.5202.7197.6208.5218.6231.0229.7242.9

251.3255.0272.2284.3304.2328.5360.9379.1413.4440.4

456.6477.7519.4585.6632.5700.9759.3832.0932.1

1,051.3

1,150.41,268.81,302.91,369.21,483.5

1,299.91,296.91,291.61,323.1

1,331.61,356.51,377.51,411.2

1,424.21,494.21,477.41,538.3

1.7- 1 . 6

.4

2.24.51.8

- . 6- 1 . 0- 1 . 0

6.4

~47-3 .1

6.810.33.1

.4- 1 . 5

6.04.71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

-6 .911.823.026.514.3

- 9 . 826.0

-26.1-13.5

-17.0-10.9^15.3-61.1

-42.9-19.4- 4 . 312.7

73.850.671.831.1

16.15.4

12.4

15.423.834.554.258.550.131.844.448.050.0

56.266.472.577.873.981.485.991.384.490.8

93.392.7

102.9109.4118.9131.6147.0153.5167.9178.5

179.2187.1207.4237.6250.7279.4312.5354.9402.1454.3

482.0523.2517.9557.5623.9

516.7515.0515.2524.7

526.0546.5564.5592.9

597.5629.7613.1655.4

1.4=-.5

1.23.11.0.0

- . 6- 1 . 3

5.31.41.0

-1 .8

3.66.11.21.5

- 2 . 53.42.1

.5=2.8

3.1

1.6- . 13.42.74.06.7

10.25.54.76.4

- . 12.87.2

13.112.0

- 8 . 47.7

10.419.110.5

- 4 . 17.3

-18.0- 2 . 129.0

= 7.5=4.6

-43.4

-30.0- 5 . 512.514.5

34.918.241.721.2

38.323.236.2

38.444.257.466.874.879.887.195.9

101.7100.9

99.4112.8119.0124.9123.7127.1132.7139.6145.3152.1

158.0162.4169.3174.9185.3196.9213.9225.6245.5261.9

277.5290.6312.0348.0381.8421.5446.7477.2530.1597.0

668.4745.6785.0811.7859.6

783.1781.9776.4798.4

805.6810.0813.0818.3

826.8864.6864.3882.8

0.3- 1 . 1

.1

1.01.4

- ! 6= .3

.21.1

-1 .93.7

- 1 . 3

3.24.22.0

-1 .11.02.62.6

.81.32.5

1.32.42.83.31.63.23.94.93.13.4

3.34.83.05.32.21.54.2

12.67.33.8

- 5 . 718.8

-=-8.1-11.3

27.8

- 3 . 5-10.7-17.8

-12 .9-13.9-=16.8-1 .7

38.932.430.1

9.9

35.925.934.4

35.740.850.863.072.377.068.871.677.282.2

88.5103.5113.9121.6126.2136.1146.2158.7167.7179.8

193.8207.0222.0237.1255.0273.3299.0326.5358.2391.9

429.9472.0519.0571.5636.1705.2779.3867.2972.2

1,089.7

1,225.21,373.01,510.81,639.31,763.6

1,459.11,493.71,527.81,562.5

1,594.11,627.21,654.51,681.3

1,713.71,742.61,783.31,814.7

11.42.97.5

8.311.814.08.76.16.5

15.721.728.028.4

35.637.839.442.044.549.552.253.053.859.5

58.560.264.569.372.979.382.083.694.0

101.8

102.9120.3137.3150.8151.4150.0167.6196.1233.1262.5

265.9289.9281.7309.8357.3

284.1281.5276.0285.2

291.1302.6319.0326.5

341.6357.2362.1368.4

7.28.8

11.9

15.413.312.016.114.721.216.919.414.419.4

21.317.822.525.225.931.230.428.035.134.9

28.739.141.646.239.240.755.965.169.568.0

60.870.667.088.7

105.1

59.768.375.364.8

79.279.496.699.6

114.898.799.0

107.9



TABLE B-7.—Gross national product by major type of product in 1912 dollars, 1929-84

[Billions of 1972 dollars; quarterly data at seasonally adjusted annual rates}

Year orquarter


315.7222.1319.8

344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.97217

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

1,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.4

1,475.01,512.21,480.01,534.71,639.0

1,483.51,480.51,477.11,478.8

1,491.01,524.81,550.21,572.7

1,610.91,638.81,645.21,661.1

Finalsales

311.0227.0318.2

337.9388.4456.5531.5571.4564.0466.1470.6484.3496.6

524.2565.6596.5622.1618.2649.8665.8682.2682.7714.7

733.7753.7792.4825.0869.3917.5968.0999.2

1,049.11,076.6

1,081.81,114.31,17571,237.11,234.71,238.41,290.41,356.41,422.61,472.2

1,479.41,500.91,490.41,538.31,614.8

1,490.31,484.51,483.51,503.4

1,507.51,530.91,549.31,565.4

1,579.31,618.51,614.61,646.9

Inven-tory

change

4.6- 4 . 9

1.6

6.212.05.2

.1- 2 . 3-3 .612.2- .25.5

- 4 . 4

10.613.74.31.5

-2 .27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 . 77.8

13.316.07.3

- 4 . 41L4

-10.4- 3 . 624.2

- 6 . 7-4 .0- 6 . 4

-24.6

-16 .5- 6 . 1

.97.2

31.620.330.614.2

Goods

Total

Total

144.397.5

154.3

171.7198.6221.4263.3287.3278.5238.3237.7244.8240.3

261.5283.7292.1306.8292.7316.7320.9321.7311.6332.5

335.8338.0361.3372.2393.8422.6456.4463.4483.1496.0

486.9497.2529.6572.3562.5547.4587.2628.1662.0677.7

668.1693.1660.6688.6763.6

669.0662.0657.9653.6

658.9681.6698.1715.5

744.9767.4766.8775.3

Finalsales

139.7102.3152.7

165.5186.6216.2263.3289.6282.2226.2237.9239.4244.7

250.9270.0287.8305.3294.9309.0315.1320.2313.4325.5

332.3335.0353.5364.7386.7410.8439.6451.2474.1484.9

483.2489.1519.4555.1550.9554.2579.4614.8645.9670.4

672.5681.8671.1692.2739.4

6757666.0664.3678.2

675.4687.7697.2708.2

713.3747.1736.1761.1

Inven-tory

change

4.6- 4 . 9

1.6

6.212.05.2

.1- 2 . 3- 3 . 612.2- .25.5

- 4 . 4

10.61374.31.5

- 2 . 27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 77.8

13.316.07.3

- 4 . 411.3

-10.4- 3 . 624.2

- 6 . 7- 4 . 0-6 .4

-24.6

-16 .5- 6 . 1

.97.2

31.620.330.614.2

Durable goods

Finalsales

40.417.535.5

43.157.875.7

118.8135.9121.260.375.577.378.3

86.198.2

107.9116.2109.0117.2117.8119.4109.2113.6

115.6114.7125.7132.5143.0157.2174.0178.3187.4193.0

187.51887207.4236.1234.1230.22427264.7285.4299.1

290.4291.9277.4296.1327.9

281.0275.6274.0278.8

280.5292.3299.6311.9

316.4331.4322.4341.4

Inven-tory

change

3.5- 2 . 1

7

3.48.23.5

7= 1.8- 3 710.81.41.6

- 2 . 9

5.59.01.72.3

- 3 74.52.9

.9- 3 . 4

3.9

2.0- .14.23.45.18.2

12.36.65.47.2

.03.07.2

12.79.4

-6 .45.46.9

11.86.2

-1 .93.2

- 7 . 8- .512.6

- 7 . 5- 3 . 5-1 .6

-18.6

-12 .0- 2 . 1

5.66.6

14.78.1

17.89.6

Nondurable goods

Finalsales

99.384.9

117.2

122.4128.7140.5144.41537161.0165.8162.4162.1166.4

164.8171.8179.9189.1185.9191.9197.2200.8204.3211.9

21G.6220.3227.8232.22437253.6265.6272.9286.7291.9

295.7300.4312.0319.0316.8324.0336.7350.1360.5371.3

382.1389.93937396.1411.5

3947390.4390.3399.4

394.9395.4397.7396.3

396.9415.741374197

Inven-tory

change

1.1- 2 . 8

.9

2.83.81.7

-.6- .5

.11.3

- 1 . 63.8

- 1 . 5

5.1472.6

- .81.53.22.9

.61.63.1

1.63.03.74.21.93.64.55.63.63.9

3.75.13.04.52.2

- .32.46.34.31.1

- 2 . 58.1

- 2 . 6-3 .211.6

.8- .6

- 4 . 8- 6 . 0

- 4 . 5- 4 . 0- 4 . 8

.6

16.912.212.84.6

Services

127.41107135.2

139.9158.5193.9242.02637263.0200.8188.1192.5198.3

207.4231.3243.2247.5249.1260.1270.2282.4287.6299.4

312.5326.9341.5356.2374.03907412.6434.1453.0469.2

482.4497.8519.0542.8562.8575.9595.0617.3644.76707

6877699.9707.8723.2736.9

702.9707.1709.4711.9

716.8721.9725.47287

731.4732.9739.0

7,44.2

Struc-tures

43.914.030.3

32.543.346.326.218.118.839.144.652.453.6

65.964.365.569.374.380780.579781.789.8

89.091.797.4

104.1108.6116.0115.9113.9122.0122.5

116.3127.3137.3139.1121.0108.3116.0124.4131.9131.0

119.1119.2111.6122.9138.6

111.6111.5109.8113.4

115.2121.3126.6128.5

134.6138.5139.4141.6

192919331939

19401941194219431944..1945..1946..194719481949....

1950...1951...1952....1953...1954...,1955...,1956...195719581959

1960196119621963196419651966196719681969..

1970197119721973197419751976197719781979

19801981198219831984".

1982:

ir!'."'.zrIIIIV

1983:IIIIllIV

1984:IIIIIIIV P.



TABLE B-8.—Gross national product by sector, 1929-84


Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984 »

1982:

IIIIIIV

1983:

IIIIIIV

1984:

HIIIIV p


103 455.8909

100.0125.0158 5192.1210.6212.4209.82331259.5258.3

286.5330.8348.0366 8366.8400.04217444.0449 7487.9

506.5524.6565.0596 7637.7691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.21,549.21,718.01,918.32,163.92,417.8

2,631 72,957.83,069.33,304.83,661.3

3,026.03,061.23,080.13,109.6

3,173.83,267.03,346.63,431.7

3,553.33,644.73,694.63,752.5

Gross domestic produqt

Total

102.655.590.5

99.6124.5157.9191.6210.1212.0209.0231.8257.9256.9

284.8328.7345.7364 6364.5397.3418.5440.5446.6484.6

502.9520.7560.55918632.3685.2750.3793.7866.7937.1

985.41,068.51,175.01,310.41,414 41,531.91,697.51,894.92,134.32,375.2

2 58642,907.53,021.33,256.53,616.3

2,978.23,011.03,032.33,063.7

3,127.13,219.63,295.23,384.1

3,505.73,602.63,650.13,706.9

Business'

Total1

95.449.180.6

89.4112.6139.9162.8174.2172.8183.8210.0234.9231.5

257.5294.4307.3324.9323.9354.0372.1390.8393.1428.3

442.0455.7490.6517 2551.6598.4652.6685.1745.4803.2

837.3907.1998.6

1,118.71206 41,301.71,447.31,624.01,837.22,052.1

2 22812,511.92 589.02,790.83,117.6

2,558.32,583.22,597.12.617.6

2,672.62,757.62,826.22,906.8

3,017.23,106.83,148.53,197.7

Nonfarml

84.743.872.9

81.8103.1127.7149.3156.2152.7164.4188.2213.1212.2

236.3268.3283.4302.3302.3333.9355.7373.7372.2410.6

424.2435.7468.14950532.2577.7628.4663.3725.0782.1

813.1875.4963.4

1,068.011550U47.31,396.31,574.21,781.01,982.1

2158 22,425.42 514.42,728.93,046.9

2,484.52,512.72,529.22,531.3

2,596.62,695.22,769.32,854.3

2,943.43,037.53,078.03,128.9

Farm

9.74.66.3

6.48.9

13.015.315.316.018.820.223.318.8

20.022.922.220 319.718.818.618.420 719.0

20.220.220 420 519 321.922.822.122.625.1

25.827.631.949.947 748.945.948.458.771.6

67 780.875161.578.8

82.173.668.875.8

68.658.361.757.3

71.678.383.581.8

Statis-tical

discrep-ancy

1.1.7

1.4

1.1.6

- .8-1 .8

2.74.1

.51.5

-1 .6.6

1.33.21.72.32.01.3

=2.1- 1 . 2

.2-1 .3

- 2 . 4

2.117.1

-1 .21.4

-2A= 3.9

- 1 . 54.13.3

.8375.55.11.4

=2.6= 1.5

235.6

-Z.2

- 8 . 3-3 .1

- . 910.5

7.54.1

- 4 . 8-4 .8

2.2=9.0

= 13.0-13.0

House-holdsand

insti-tutions

2.91.72.3

2.42.52.93.23.74.14.55.15.65.9

6.46.97.27.88.19.19.8

10.511.412.3

13.814.415.516.617.819.221.123.426.129.4

32.335.438.642.145.850.655.660.567.875.6

85.396.2

107.4116.5123.5

103.4105.9108.8111.3

113.5115.6117.3119.6

121.0123.1123.8126.0

Government3

Total

4.34.77.6

7.89.4

15.125.632.235.220.816.717.419.4

20,927.431.231.932.534.236.639.142.144.0

47.150.554.358 062.967.676.585.195.2

104.5

115.8126.0137.8149.6162.2179.6194.6210.3229.3247.4

273.0299.4324.9349.2375.3

316.5321.9326.5334.7

341.0346.4351.6357.7

367.4372.7377.7383.2

Federal

0.91.23.4

3.55.0

10.620.927.229.814.69,48.9

10.0

10.716.218.918.617.818.419.019.620.520.9

21.722.624.125.227.028.332.435.639.341.9

44.846.850.151.954.959.062.466.371.775.7

82.992.6

101.2107.8114.6

99.3100.0100.8104.6

106.3107.3108.1109.5

113.8114.4114.7115.3

Stateandlocal

3.53.54.2

4.34.44.54.74.95.46.27.38.59.4

10.1U.212.313.314.715.817.619.621.623.1

25.527.930.232.935.939.344.149.555.962.6

71.179.387.797.7

107.3120.6132.3144.0157.6171.8

190.0206.8223.7241.4260.7

217.2221.9225.7230.2

234.7239.1243.6248.2

253.6258.3263.0267.8

Restof theworld

OR.3,fi

.4

.55

.5,4.8

1?161.4

1.62.1?,32.2?3?.fi3.23,53.03.3

3.63,94.64.95.55.95.65.96.76.9

7.39.2

10.916.019.817.320.523.529.642.6

45.350.348.048.344.9

47.850.247.846.0

46.747.451.547.7

47.642.144.545.6

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-9-—Gross national product by sector in 1972 dollars, 1929-84

[Billions of 1972 dollars, except as noted; quarterly data at seasonally adjusted annual rates}


nationalproduct

Gross domestic product

Total

Business *

Total1 Nonfarm1 FarmStatisti-

caldiscrep-

ancy

House-holdsand

insti-tutions

Government2

Total FederalStateandfocal

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972197319741975 „1976 . ..19771978...1979

19801981198219831984 p

1982:

llZZZZZZIIIIV

1983:

I IZZZZZZIII

IV

1984:

\\ZZZZZZ.injv p.

315.7222.1319.8

344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

1,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.4

1,475.01,512.21,480.01,534.71,639.0

1,483.51,480.51,477.11,478.8

1,491.01,524.81,550.21,572.7

1,610.91,638.81,645.21,661.1

313.2220.9318.2

342.8398.7460.1530.3567.7559.3476.4467.8486.8489.4

531.8575.6596.9619.8612.1653.0666.5678.3676.2716.8

732.0751.0793.8825.6868.9921.4977.5

1,003.91,050.01,079.7

1,077.61,112.81,175.01,239.21,229.01,217.81,282.61,352.81,418.71,453.2

1,449.31,486.31,456.71,512.11,618.8

1,459.91,456.01,453.91,456.8

1,468.91,502.61,526.21,550.7

1,589.21,619.81,625.31,640.9

271.5180.0261.0

282.7327.6361.8385.6403.6397.9385.5393.8412.0409.8

448.7478.0492.8515.6508.5547.0557.4566.1561.7600.O

610.1625.1663.2691.6730.3777.7824.0842.0882.1907,1

904.8938.6998.6

1,060.71,047.41,032.41,095.41,163.71,224.31,255.6

1,248.21,283.«1,253.41,307.81,413.0

1,256.91,252.61,250.71,253.5

1,265.21,298.51,321.91,345.7

1,384.01,414.11,419.51,434.3

244.7152.5231.3

254.6299.8335.3362.1370.1362.8358.6367.0389.0383.4

419.4447.2463.7484.3477.0516.0531.5539.5532.0574.0

584.2596.3631.5659.7701.3749.6794.1812.8855.6881.9

875.4901.7963.4

1,028.41,012.4

994.51,059.51,129.51,193.51,222.4

1,211.91,240.61,214.81,273.81,377.0

1,218.81,215.61,216.11,208.5

1,225.41,264.11,289.31,316.3

1,347.51,380.11,383.51,396.9

23.624.925.2

24.526.228.627.727.125.625.824.025.825.6

27.025.826.427.728.429.328.928.229.327.8

29.228.928.829.628.829.828.229.529.029.5

31.132.631.931.631.833.632.133.132.634.2

35.040.338.933.839.7

42.2

40.0

36.232.534.831.6

35.638.141.843.3

3.12.64,6

3.61.6

-2.1-4.2

6.49.41.12.9

-2 .8

2.45.02.63.63.11.8

- 3 . 0- 1 . 7

- L 9

- 3 . 3- . 22.92.3

- U1.7

- 4 ^ 4

- 1 . 74.23.3

.73.24.43.81.0

- 1 . 8- 1 . 0

1.32.9

- . 3

- 3 . 7

- 4 . 1- 1 . 5- . 55.0

3.51.9

-2.3-2.2

1.0-4.1-5.9-5.8

15.612.215.1

16.115.916.415.215.115.015.116.016.717.3

18.318,718.619.319.421.422.523.124.224.7

26.627.028.128.929.830.932.634.335.437.0

36.737.638.639.439.340.540.941.543.344.6

45.546.346.747.347.8

46.546.746.846.9

47.147.247.347.5

47.647.947.748.2

26.228.842.1

44.055.281.9

129.4149.1146.475.958.058.162.3

64.779.085.585.084.184.686.789.190.392.2

95.398.9

102.5105.2108.8112.7120.8127.7132.4135.7

136.1136.7137.8139.1142.3144.9146.3147.7151.2153.0

155.6156.2156.5157.0158.0

156.4156.8156.4156.5

156.7156.9157.0157.5

157.7157.8158.1158.3

5.26.6

16.9

18.629.656.7

105.0125.2121.849.729.829.231.3

32.746.251.649.647.245.945.645.844.544.5

45.246.248.348.248.548.753.057.258.058.2

55.252.550.148.248.548.448.548.649.349.0

49.650.050.551.351.9

50.250.450.650.8

51.051.251.451.7

51.851.952.052.0

21.022.125.2

25.425.625.224.523.924.626.228.229.031.0

32.032.833.935.436.938.641.043.345.847.7

50.152.754.357.060.464.067.970.574.477.4

80.984.287.790.893.896.597.899.1

101.9104.1

106.0106.2106.0105.7106.1

106.2106.4105.8105.7

105.6105.6105.6105.8

105.8105.9106.2106.3

1 Includes compensation of employees in government enterprises.8 Compensation of government employees.Source.* Department of Commerce, Bureau of Economic Analysis.

243


TABLE B-10.—Cross national product by industry, 1947-83

[Billions of dollars]

Year

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983

Grossnation*alprod-uct

233.1259.5258.3

286.5330.8348.0366.8366.8

400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7

691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.2

1,549.21,718.01,918.32,163.92,417.8

2,631.72,957.83,069.33,304.8


Anrtrulflgrtcu!-Ture,forestry,

andfisheries

20.824.019.5

20.823.823.121.320.7

19.919.719.521.920.2

21.421.521.922.021.0

23.824.824.225.027.8

28.630.835.453.852.2

53.351.254.666.079.6

76.890.485.572.7

Mining

6.89.48.1

9.310.210.110.610.9

12.413.413.512.412.3

12.612.712.813.1114

13.514.214.615.316.1

17.617.419.021.732.2

38.843.047.452.066.8

96.0132.3125.1112.4

Pnnuon-struction

9.111.511.5

13.015.416.617.117.2

18.520.621.421.022.8

23.224.025.727.429.8

32.835.937.541.346.3

48.953.659.466.369.2

69.976.686.6

102.1115.7

119.8122.8123.7130.7

Manufacturing

Total

66.274.772.1

83.798J

103.0112.1106.4

120.9126.8131.4123,8141.3

143.8144.4157.9167.4179.4

197.7216.6222.3242.8256.7

252.2265.6292.5326.1340.7

358.2410.4464.8518.7563.2

581.5643.6630.6685.2

Dura-ble

goods

33.538.137.1

45.855.458.965.960.8

70.673.777.769.781.2

82.181.391.597.5

105.3

118.0130.4133.6146.0154.5

146.2153.9173.2195.9201.3

207.6240.0277.7316.7344.3

350.4386.8364.0389.7

Non-durablegoods

32.736.535.0

37.943.344.146.245.6

50.353.253.754.160.0

61.763.166.469.874.2

79.786.388.7S3.8

102.2

105.9111.7119.3130.2139.4

150.6170.4187.1202.0218.9

231.1256.8266.5295.5

TVonei rans-portationand

publicutilities

20.523.123.4

25.729.231.032.932.6

35.638.340.240.443.7

45.847.450.253.056.3

60.565.368.674.080.0

85.793.8

104.3114.3122.9

135.7152.6170.9193.3209.6

231.9261.2280.7306.8

Whole-saleand

retailtrade

44.248.448.0

51.356.458.559.860.8

66.270.473.975.281.9

84.286.392.196.1

104.7

112.6121.5130.1144.4157.0

166.5181.4199.5221.5241.5

266.2291.4322.3362.3401.4

428.8474.1489.6536.2

Fi-

nance,insur-ance,andreal

estate

23.226.228.6

31.935.238.742.846.5

50.053.557.662.467.3

71.675.480.685.391.0

98.0105.9114.2123.8133.6

142.4156.4169.8184.9202.0

216.2238.6275.5317.4358.3

398.7450.1491.0542.5

Services

20.221.922.6

24.025.927.529.430.5

34.037.340.242.346.3

49.252.356.160.065.3

70.878.486.194.2

105.3

114.4123.6136.5153.1167.5

186.2208.2234.3265.9302.4

342.6389.4430.9477.5

Govern-mantmeniand

govern-mententer-prises

19.320.222.5

23.830.835.336.436.9

38.540.744.047.150.0

53.456.761.165.971.2

76.786.496.3

108.1118.2

130.5141.8155.4167.8182.7

202.0220.4237.2259.1279.6

308.1338.1364.7392.1

Ctatietira!Cal

discrep-ancy

1.5- 1 . 6

.6

1.33,21.72.32.0

1.3- 2 . 1- 1 . 2

.2- 1 . 3

- 2 . 4- .12.11.7.1

- 1 . 21.4

- .3- 2 . 1- 3 . 9

- 1 . 54.13.3.8

3.7

5.55.11.4

- 2 . 6- 1 . 5

2.35.6

- .5.5

PactncSI

of theworld

1.21.61.4

1.62.12.32.22.3

2.83.23.53.03.3

3.63.94.64.95.5

5.95.65.96.76.9

7.39.2

10.916.019.8

17.320.523.529.642.6

45.350.348.048.3

Note.—The industry classification is on an establishment basis and is based on the 1972 Standard Industrial Classification.Source: Department of Commerce, Bureau of Economic Analysis.

244


TABLE B-ll.—Gross national product by industry in 1972 dollars, 1947-83

[Billions of 1972 dollars]

Year

194719481949

19501951195219531954

19551956195719581959

1960. .1961196219631964

19651966196719681969

19701971197219731974

19751976....1977....19781979

1980198119821983


470 3489.8492.2

534 8579 46008623 6616.1

657.5671.6683.8680.9721.7

737 2756 6800.3832 5876.4

929.3984 8

1,011.41,058.11,087.6

1,085.61122 41,185.91,254.31,246.3

1,231.61298 21,369.71438 61,479.4

1,475.01512 21,480.01,534.7


Agri-culture,forest-ry, andfisher-

ies

26328.228.0

29 328.429 230.531.3

32.131.731.132.230.6

32131.831.732 531.8

32.831332.632.132.7

34.435935.435.335.8

37.135 836.937 038.9

39.945 344.139.1

Min-ing

10811.39.9

11112.111912 211.8

13.213.913.812.713.3

13 513 613.914 515.1

15.716 517.017.618.2

18.918419.019.219.2

18.919119.520120.8

21.622 521.621.0

Con-struc-tion

22.926.526.5

29.332.533 834.836.0

38.240.940.942.145.5

46146.748.449.952.2

54.454 653.456.955.8

53.457.959.460.153.3

48.352.855.058 858.2

52.250.148.950.2

Manufacturing

Total

114 9121.4115.1

1311146.0150 8161.1149.6

165.7166.9167.7153.3171.2

1718172.0186.7202 2216.7

236.7254 9254.3268.2277.2

261.2266 8292.5325.3311.7

289.6317 4339.2357 2367.0

351.0359 7336.6354.1

Dura-ble

goods

68 572.066.3

78189.994 3

102.691.7

103.4102.5102.988.8

100.9

101099 5

110.0119 5129.8

144.6157 3157.4165.5170.3

155.21564173.2194.2186.3

168.8187 2202.9217 4223.4

210.2216 3196.9208.2

Non-durablegoods

46 449.448.8

53 056.156 558 557.9

62.364.464.864.570.3

70 872 576.782 886.8

92.097 696.9

102.7106 8

106.0110 4119.3131.1125.3

120.81301136.3139 8143.6

140.8143 4139.7145.9

Trans-por-

tationand

publicutil-ities

42.342.139.2

41.245.545 546.645.8

49.752.153.251.955.4

57 558.661.565 068.1

73.479 481.688.292.6

94.997.9

104.3110.6111.9

113.5118 6125.1134 2140.0

139.6142.8138.6142.5

Whole-saleand

retailtrade

75.978.079.8

87.588.391093.994.5

103.1106.2107.9107.8115.4

117 5118.7126.31311139.1

148.2156 3160.1169.9173.6

176.4185 5199.5211.1207.0

209.7220 2231.0244 6250.7

246.0252.7250.3266.7

Fi-nance,insur-ance,andreal

estate

54 756.659.8

63.966.770973.977.3

81.885.889.893.498.5

102 7107.3113.3116 8122.1

128.5133 9139.4145.7152.9

155.8162 6169.8177.2184.5

187.9194 8207.2217.8229.4

235.6243.6248.1253.5

Serv-ices

55.957.557.6

59.760.861.662.762.9

67.670.974.176.280.8

83.586.690.394.098.8

103.1109.0115.0118.8124.0

126.7128.4136.5144.8147.9

148.5154.7164.3174.2183.0

189.1197.6200.2206.8

Govern-mentand


68.769.273.3

75.690.096996.395.2

95.797.8

100.4101.7104.0

107 7111.6115.5118.7123.1

127.8136 9144.1148.9152.5

152.9153.9155.4157.2161.2

164.3165.7167.5171.7174.3

177.5178.1177.9178.3

Sta-tis-

ticaldis-

crep-ancy

2.9- 2 . 8

.8

2.45.02.63.63.1

1.8- 3 0-1 .7

- L 9

- 3 . 3

2.92.3

-1 .61.7

- . 3-2 .5=4.4

-1 .74.23.3

3.2

4.43.81.0

- 1 8-1 .0

1.32.9

~\l

Resid-ual1

-7 .4-1 .2- . 6

.8

.22.64.14.6

4.23.4

.94.54.0

3.14.43.2

- 1 . 51.7

2.33.06.76.24.6

4.71.2.0

- 2 . 5=6.5

-4 .2- . 26.049

-8 .1

-4 .6- 8 9-9 .4= .4

Restof theworld

2.53.02.7

3.0M39174.0

4.5f>15.54.64.9

52^76.56.97.5

7.9747.58.279

8.0

10915.117 3

13.8ISfi16.919926.3

25.7?5 923.322.5

1 Equals GNP in constant dollars measured as the sum of incomes less GNP in constant dollars measured as the sum of gross productby industry.

Note.-—The industry classification is on an establishment basis and is based on the 1972 Standard Industrial Classification.Source: Department of Commerce, Bureau of Economic Analysis.

245


TABLE B-12.—Gross domestic product of nonfinancial corporate business, 1929-84


Year orquarter

192919331939194019411942.1943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972197319741975197619771978197919801981198219831984 »

1982:1tlIIIIV

1983:1IIIIIIV

1984:

IIIllIV*1

Grossdomes-

ticproduct

ofnon-

financialcorpo-rate

business

50.124.443.750.465.682.998.7

102.195,399.3

120.0137.3133.5

151.9174.5182.3195.0191.9216.7231.6242.3236.3266.0

277.0285.0311.3331.8358.4393.6431.5454.1500.2544.1

5637609.9678.0759.4818.9890.0

1,001.31,128.41,276.21,416.81,540.71,739.21,778.41,917.72,150.6

1,770.61,782.71787 81,772.4

1,812 31887 61,956.62,014.2

2 084 22,146.92,168.9

Capitalconsump-

tion

anceswith

capitalconsump-

tionadjust-ment

5.54,34.84.95.46.16.26.36.57.69.3

10.9117

12.614.615.816.817.919.121.823.824.825.8

26.827.528.429.430.832735.638.942.647.1

52.257.362.667.979.594.9

104.81157130.9149.6

170.0192.02097218.0231.0

203.82081212 0215.1

214 2215 3220.0222.5

225 6229.3232.9236.1

Total

44.520.239.0

45.460.276.892.495.888.891.8

1107126.4121.8

139.3159.9166.6178.2174.0197.6209.8218.5211.6240.2

250.2257.5283.0302.3327.6360,9395.9415.2457.6497.0

511.4552.6615.5691.6739.4795.1896.5

1,01271,145.31.267.3

1,37071,547.11,56871,69971.9197

1,566.91 574 71*575.8

1,598.21672 31,736.61,791.8

1858 61,917.61,936.0

Indi-rectbusi-nesstax,etc.1

3.43.85.15.56.46.87.38.18.9

10.111.212.112.6

14.115.216.818.217.419.220.822.422.825.4

28.330.133.035.638.441.142.945.851.558.0

63.470.576783789797.1

105.3112.6122.0130.5

147.61777180.21967214.8

177.9178.318081819

186 31964200*42037

207 3213.4216.9221.6

Total

41.216.333.9

40.053.870.085.287779.981.699.6

114.3109.2

125.2144.7149.7160.0156.6178.4189.0196.1188.8214.8

221.9227.3249.9266.8289.3319.8353.0369.5406.1439.1

448.1482.1538.7607.9649.7697.9791.2900.1

1,023.31,1367

1,22101,369.41,388.41,503.01,704.9

1,388.91,396.4l'395'o

1,411.91475 9i;536*21,588.0

165121704.21,719.1

Compen-sation

ofemploy-

ees

32.316728.2

31.239.851.062.265.161.967.279.187.885.3

947110.2118.31287126.5138.5151.4159.1155.9171.6

181.1185.1199.8210.7226.3246.12715291.9322.8358.5

378.4402.0447.0506.2556.5581.1654.4738.5844.3958.1

1,046.51,154.61,198.11,26111,392.4

1,187.21,199.21205 2l'200"9

1,215.91*247 71*277*81,310.8

1354 01384:51,405.21,425.9

Slet domestic product

Domestic income

Corporate profits with inventory valuation and capital

Total

7.5- 2 . 1

4.27.4

12717.721.821.617.111819725.622.9

29.633.430.230.028.638.335.934.930.240.1

37.438.345.651.257767772.268.873.367.5

52762.172778.663.686.1

107.3129.5142.11347

120.3147.4118.1171.02327

125.9121.4120910^1

128.8161 2188*0205.8

223 0240^231.6

Profitsbefore

tax

8.4.6

6.18.8

16.420.123.622.217.822.029.131.824.9

38.539.133.834.932.142.041.839.833743.1

39.739.544.248.955.465.270.366.372.969.4

56.865.476,696.0

105.3107.3135.0156.5178.4191.8

177.8177.3123.5148.8182.7

132.5128.5125 61014

110.8142 5170:4171.5

188 9195^173.8

consumption adjustments

Prof-itstax

liabil-ity

1.2.5

1.4277.5

11.213.812.610.28.6

10.811.89.3

16.921.217.818.515.620.220.119.116.220.7

19.219.520.622.824.027.229.527733.4311

27.029.833.640.042.041.252.659.666.969.2

67.061944.358.070.0

49.346.644 836^

41.956 467^667

74.5

64^

Profit*

Profits after tax

Total

7.3.1

476.19.08.99.89.67.6

13.418.320.015.6

21.617.916.016.416.421.821.820717.522.4

20.520.123.526.231.438.040.838.639.536.2

29.835.643.056.063.366.182.396.8

111.5122.5

110.8113.479.290.8

112.7

81181.88097L0

68.986 1

1034104.8

114 5118:6109.5

Divi-dends

5.12.03.33.53.9373.94.14.14.85.56.06.0

7.57.17.17.37.48.59.09.39.3

10.0

10.610.611.412.613715.616.817.519.119.1

18.518.520.121.121.425730.131.937739.8

43.753.456.862.869.9

56.855.557 557:6

61.162 963^63.9

65 970^70.972.2

Undis-tributedprofits

2.2- 1 . 9

1.42.65.05.25.85.63.58.6

12.814.09.6

14.110.88.89.19.0

13.412711.48.2

12.4

9.99.5

12.213.517722.424.021.220.417.1

11.317.122.935.041.940.452.264.973.882.8

67.160.022.428.042.9

26.326.323 4114

7.823 140^40.9

48 548^38.5

Inven-toryvalu-ation

adjust-ment

0.5- 2 . 1= 7- .2

- 2 . 5= 1.2- .8- .3= .6

=5.3=5.9=2.2

1.9

=5.0- 1 . 2

1.0= 1.0

—• 3- 1 7- 2 . 7- 1 . 5

— .3

— 2*3.0.1

- .5- 1 . 2- 2 . 1- 1 . 6=3 .7= 5.9

- 6 . 6=4 .6- 6 . 6

- 2 0 . 0- 4 0 . 0- 1 1 . 6- 1 4 7-16.2-24.0-43.1

=42.9-23.6

- 9 . 5-11.2

= 57

- 6 . 3— 8.910 1

= 12.6

=4.312*1

- 1 ^ 3=9.2

= 13 5- 7 ^

— 2- 1 7

Capitalconsump-

tionadjust-ment

- 1 . 4- .6

- 1 . 1

- 1 . 2- 1 . 3- 1 . 2- .9- .3=.2

- 3 . 0= 3.5- 4 . 0-3 .9

-3 .9-4 .6=4.5= 3.9=3.2-2 .0- 3 . 2- 3 . 4- 3 . 2= 2.7

-2 .1- 1 . 5

1.42.32.9373.94.04.04.0

2.41.3272.6

- 1 . 8=97

-13.0= 10.8-12.3-13.9

- 1 4 7- 6 . 3

4.133.4557

= .31.9549^

22.330 736^43.6

47 552^58.065.0

Netinter-est

1.4171.51.41.31.31.11.0IX7.8.9

1.0

.91.11.21.31.51.6172.2273.1

153.94.54.85.36.17.487

10.113.1

17.018.019.123.029.630.829.532.136.943.9

56.367.472.369.079.8

75.975.869068^

67.267 170:471.3

74 278^82.483.5

1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysis.

246


TABLE B-13.—Output, costs, and profits of nonfinancial corporate business, 1948-84

[Quarterly data at seasonally adjusted annual rates]

Year orquarter

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 P.

1982:

IIZIIIII(V

1983:

lf"ZZlitIV

1984:

II*Ill

Gross domest icproduct of

nonfinancialcorporate

business (billionsof dollars)

Currentdollars

137.3133.5

151.9174.5182.3195.0191.9

216,7231.6242.3236.3266.0

277.0285.0311.3331.8358.4

393.6431.5454.1500.2544.1

563.7609.9678.07594818.9

890 01,001.31,128.41276 21,416.8

1,540.71,739.21,778.41,917.72,150.6

1,770.61,782.71,787.81,772.4

1,812.31,887.61,956.62,014.2

2,084.22,146.92,168.9

1972dollars

229.7219.9

247.5270.2275.2292.0283.4

315.1324.1328.3313.4347.4

358.4367.2399.7426.3455.6

495.2530.7543.0578.9604.0

599.6626.8678.0731.9708.2

694.2745.5795.88463876.1

859.5883.3857.4896.4976.5

865.1859.6858.5846.5

855.7886.2912.4931.1

956.9979.5980.0

Current-dollar cost and profit per unit of output (dollars)'

Totalcostand

profit2

0.598.607

.614

.646

.663

.668

.677

.688

.715

.738

.754

.766

.773

.776

.779

.778

.787

.795

.813

.836

.864

.901

.940

.9731.0001.0381.156

1.2821.3431.4181.5081.617

1.7931.9692.0742.1392.202

2.0472.0742.0832.094

2.1182.1302.1442.163

2.1782.1922.213

Capitalconsump-

tionallow-anceswith

capitalconsump-

tionadjust-ment

0.047.053

.051

.054

.057

.058

.063

,061.067,073.079.074

.075

.075

.071

.069

.068

.066

.067

.072

.074

.078

.087

.091

.092

.093

.112

.137

.141

.145

.155

.171

.198

.217

.245

.243

.237

.236

.242

.247

.254

.250

.243

.241

.239

.236

.234

.238

Indi-rectbusi-nesstax,etc 5

0.053.057

.057

.056

.061

.062

.061

.061

.064

.068

.073

.073

.079

.082

.083

.083

.084

.083

.081

.084

.089

.096

.106

.113

.113

.114

.127

140.141.141144

.149

.172

.201

.210

.219

.220

.206

.207

.211

.217

.218

.222

.220

.219

.217

.218

.221

Compen-sation

ofemploy-

ees

0.382.388

.383

.408

.430

.441

.446

.439

.467

.484

.497

.494

.505

.504

.500

.494

.497

.497

.515

.538

.558

.594

.631

.641

.659

.692

.786

837.878.928998

1.094

1.2181.3071,3971.4091.426

1.3721.3951.4041.419

1.4211.4081.4001,408

1.4151.4141.434

Corporate profits withinventory valuation and

capital consumptionadjustments

Total

0.112.104

.120

.124

.110

.103

.101.

.122

.111

.106

.097

.116

.104

.104

.114

.120

.127

.137

.136

.127

.127

.112

.088

.099

.107

.107

.090

.124

.144

.163168

.154

.140

.167

.138

.191

.238

.145

.141

.141

.123

.151

.182

.206

.221

.233

.246

.236

Profitstax

liability

0.051.042

.068

.079

.065

.063

.055

.064

.062

.058

.052

.060

.054

.053

.052

.053

.053

.055

.056

.051

.058

.055

.045

.047

.049

.055

.059

.059

.071

.075079.079

.078

.072

.052

.065

.072

.057

.054

.052

.043

.049

.064

.073

.072

.078

.079

.066

Profitsaftertax*

0.060.062

.051

.045

.045

.040

.046

.057

.049

.048

.045

.056

.051

.051

.062

.067

.074

.082

.080

.076

.069

.057

.043

.052

.058

.053

.030

.065

.073

.088

.089

.075

.062

.095

.086

.126

.167

.088

.087

.089

.080

.102

.118,133.149

.155

.167

.171

Netinterest

0.004.004

.004

.004

.004

.004

.005

.005

.005

.007,009.009

.010

.011

.011

.011

.012

.012

.014

.016

.017

.022

.028

.029

.028

.031

.042

.044

.040

.040

.044

.050

.065

.076

.084

.077

.082

.088

.088

.080

.081

.079

.076

.077

.077

.078

.081

.084

Outputper nour

of allemploy-

ees(1972

dollars)

5.2065.433

5.5365.7275.9976.2486.469

6.6736.7766.8477.0747.092

7.1157.4507.6647.8497.555

7.7747.9988,1418.2098.194

8,1188.2718.3578.634

8.3178.3138.4068.398

8.4648.6178.7288.725

8.8018.8638.807

Compen-sation

per houroff all

employ-ees

(dollars)

2.5892.684

2.7972.8872.9983.0893.213

3.3163.4923.6803.9454.209

4.4914.7785.0525.4295.937

6.5077,0217.5558.1918.961

9.88410.81111.67712.166

11.41311.59611.80111.913

12.02712.13112.22412.283

12.45412.52812.628

1 Output is measured by gross domestic product of nonfinancial corporate business in 1972 dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two

places to the left.3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.Sources: Department of Commerce (Bureau of Economic Analysis) and Department of Labor (Bureau of Labor Statistics).

247


TABLE B-14.—Personal consumption expenditures, 1929-84


Year or quarterPersonalconsump-

tionexpendi-

tures

77.345.867.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,668.11,849.11,984.92.155.92,342.3

1,931.31,960.92,001.32,046.1

2,070.42,141.62,181.42,230.2

2,276.52,332.72,361.42,398.6

Durablegoods

9.23.56.7

7.89.76.96.56.78.0

15.820.422.925.0

30.829.829.132.531.838.637.939.336.8424

43.141.646.751.456.463.068.070.180.585.7

85.297.2

111.1123.3121.5132.2156.8178.2200.2213.4

214.7235.4245.1279.8318.4

239.4241.6244.5255.0

259.4276.1284.1299.8

310.9320.7317.2324.7

Nondura-ble goods

37.722.335.1

37.042.950.858.664.371.982.790.996.694.9

98.2108.8113.911G.5118.0122.9128.9135.2139.8146.4

151.1155.3161.6167.1176.9188.6204.7212.6230.6247.8

265.7278.8300.6333.4373.4407.3441.7478.8528.2600.0

668.8730.7757.5801.7858.3

746.4750.6762.5770.6

775.2796.9811.7823.0

841.3858.3861.4872.1

Services

30.320.125.2

26.228.231.034.337.139.645.350.455.358.2

63.068.574.080.686.192.199.2

105.9112.8121.9

130.7138.1147.0156.1167.1178.7192.4207.6225.8248.2

270.8296.2325.3355.2393.2437.0485.7547.4618.0693.7

784.5883.0982.2

1,074.41,165.7

945.4968.6994.2

1,020.6

1,035.81,068.61,085.71,107.5

1,124.41,153.71,182.81,201.8

Durable good

Motorvehicles

and parts

3.31.12.3

2.83.5

.7

.8

.81.04.16.68.0

10.6

13.712.211.313.913.017.815.817.214.818.9

19.717,821.524.426.130.030.430.136.338.7

36.245.452.457.150.455.872.684.895.796.6

90.7101.9108.7129.3149.5

106.2105.1108.1115.3

115.3128.4132.0141.7

147.7152.3148.6149.4

Furnitureand

householdequip-ment

4.71.93.4

3.84.84.63.93.84.58.4

10.611.511.3

13.714.014.014.614.616.217.116.916.617.8

17.717.918.920.322.824.727.729.532.334.1

35.237.241.747.150.653.559.165.772.881.8

86.392.394.4

104.1117.1

92.194.494.596.6

99.1102.4105.2109.8

113.0116.6116.8122.0

j

Other

1.2.5

1.0

1.11.31.61.92.12.53.23.33.43.2

3.33.63.94.14.24.65.05.25.45.8

5.85.86.36.77.68.39.9

10.511.813.0

13.914.616.919.220.522.925.227.731.735.1

37.741.242.146.451.8

41.242.141.943.1

45.045.346.948.2

50.351.751.953.3

Nondurab

Food

19.511.519.1

20.223.428.433.236.740.647.452.354.252.5

53.960.463.464.465.467.269.973.676.479.1

81.183.285.587.892.798.9

106.6109.6118.7127.5

138.9144.2154.9172.1193.7213.6230.6249.8275.9311.6

345.1373.9392.8416.5444.3

384.2390.6396.0400.3

406.7413.6420.5425,1

433.9442.1448.6452.6

Clothingand

shoes

1929....1933....1939....

1940...,1941...,1942...,1943...1944,..1945...1946...,1947....1948...,1949...,

1950...,1951...1952...1953...1954...1955...1956...1957...1958...1959...

1960...1961...1962...1963...1964...1965...1966...1967...1968...1969...

1970...1971...1972...1973...1974...1975...1976...1977...1978...1979...

1980...1981...1982...1983...1984"

1982:IIIIII....IV....

1983:IIIIll ....IV....

1984:

if!!!!III....IV.

9.44.67.1

7.58.8

11.013.414.616.518.218.820.119.3

19.621.221.922.122.123.124.124.324.726.1

26.727.428729.531.933.536.638.242,145.5

46.850.655.461.464.869.675.382.692.499.1

104.6114.3118.8127.0140.3

118.0118.0119.0120.0

121.6127.1126.8132.5

136.1142.2139.3143.7


248


TABLE B-14.—Personal consumption expenditures, 1929-84—Continued


Year orquarter

19291933 _1939

1940. .1941194219431944194519461947..19481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

197019711972197319741975197619771978..1979

19801981198219831984 ".

1982:1H ,HIIV

1983:1IIIllIV....

1984:1IIIll

Nondurable goods—cont'd

Gasolineand oil

1.81.52.2

2.32.62.11.31.4183.44.04.85.3

5.56.16.8747.88.69.4

10.210.611.3

12.012.012.612.913.514.716.017.018 620.7

22.423 925.428.636 640.444.048.151.266.6

84.894.690.490 091.7

93.488.689.989.6

86.789.592.191.7

92.092.890.092.0

Fuel oiland coal

1.61.21.4

1.51.71.92.02.0222.5303.43.1

3.43.53.4343.53.83.94.14.24.0

3.83.73.74.04.14.44.74.8474.5

4.4455.06.2778.29.8

10.711.916.1

18.620.720.621021.3

20.620.121.120.7

18.621.022.422.1

22.521.621.119.8

Other

5.43.55.3

5.66.47.58.79.6

10 811.312 814.114.7

15.817.618.319 319.220.321.623.024.025.9

27.529.031.132.834.637.240.943.046 549.6

53.255 559.865.070 575.582.187.696.9

106.6

115.7127.1135.0147 2160.7

130.2133.3136.5139.9

141.7145.7149.8151.5

156.7159.7162.5163.9

Services

Housing >

11.78.19.4

9.710.411.211.812.312 814.216.017.919.6

21.724.327.029.832.234.336.739.342.045.0

48.151.254.758.061.465.569.574.179 887.0

93.9102 7112.5123.8137 4149.8166.5185.9209.6236.0

266.2302.0333.8363 3397.8

323.4329.3337.3345.2

352.6359.2366.8374.7

382.4392.4403.3413.3

Household operation

Total

4.02.83.8

4.04.34.85.25.9646.87.58.18.5

9.510.411.112.012.614.015.216.217.318.5

20.121.022.223.424.826.328.030.032 235.0

37.741045.249.655 263.371.681.190.199.3

113.0127.5143.4153 8164.1

140.0142.0144.4147.3

147.0155.0155.7157.5

158.8163.3167.6166.8

Electricityand gas

1.21.11.4

1.51.51.61.71.8192.1232.62.9

3.33.74.14.55.05.56.16.57.17.6

8.38.89.49.9

10.410.911.512.213.114.2

15.417 018.820.524 029.232.938.542.947.8

57.665.875.281385.8

74.574.475.276.9

75.182.683.684.0

82.686.188.486.1

Other

2.91.7? 4

2.62.73.23.54.1454.75.15.45.6

6.26.77.07.57.68.59.29.7

10.210.9

11.812.212.813.614.415.416.517.819.220.8

22.224.026.429.131.234.138.742.647.251.5

55.461.768.272.578.3

65.567.769.270.5

71.972.572.173.5

76.277.279.280.7

Transpor-tation

2.61.52.0

2.12.42.73.43.7405.05.35.85.9

6.26.77.17.87.98.28.63.09.3

10.1

10.711.211.712.212.813.715.016.217.619.5

22.025.127.528.830 933.238.646.451.256.3

61.165.068.272.578.2

66.067.969.769.3

70.271.173.974.8

76.177.678.580.5

Other

Total

12.07.7

10.0

10.311.212.213.915.216 419.421723.624.1

25.627.028.831033.335.638.741.444.348.3

51.754.858.362.568.173.379.987.296.2

106.8

117.2127.4140.1153.0169.8190.7209.0234.1267.1302.0

344.3388.5436.8484.8525.5

415.9429.5442.9458.7

466.1483.2489,3500.5

507.1520.4533.4541.2

Medicalcare

2.21.52.1

2.22.42.62.93.33 64.55.56.36.4

6.97.38.08.99.7

10.311.012.013.114.3

15.416.418.019.522.323.926.028.431.436.5

41.045.951.457.464.573.783.396.5

108.4124.1

145.1170.6193.1209.9227.4

184.5191.1196.3200.5

203.6208.4211.3216.3

219.4224.9230.0235.1

1 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.

249


TABLE B-15.—Gross and net private domestic investment, 1929-84


Year or quarter

Grossprivatedomes-

ticinvest-ment

Less:Capital

con-sumption

allow-anceswith

capitalcon-

sumptionadjust-ment

Equals: Net private domestic investment

Total

Net fixed invest meat

Total

Nonresidential

Total Struc-tures

Pro-ducers'durableequip-ment

Residential


Farmstruc-tures


ChangeIn

busi-nessinven*tories

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972 . .1973197419751976197719781979

19801981 "198219831984 "

1982:III..IllIV

1983:

II'ZZIllIV

1984:

vi"ZZ'ZZIIIIV P

16.21.49.3

13.117.99.95.87.210.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0

401.9484.2414.9471.6637.3

436.2431.2415.9376.2

405.0449.6491.9540.0

623.8627.0662.8635.5

9.77.48.7

9.110.011.211.511.712.214.017.320.221.8

23.527.229.331.032.734.838.741.743.544.9

46.347.549.050.652.956.060.765.972.180.0

88.196.5

106.4116.5136.0159.3175.0195.2222.5256.0

293.2330.3358.8377.1402.9

350.4356.1361.4367.5

368.2371.2382.8386.4

391.8400.0406.9412.8

6.5- 6 . 0

.6

4.17.9

- 1 . 3- 5 . 7- 4 . 6- 1 . 616.616.625.613.5

30.332.022.822.420.033.632.327.518.433.2

29.627.336.540.344.557.565.057.061.269.3

56.269.988.6

113.392.746.882.8

128.9164.1167.0

108.7153.956.094.5

234.4

85.875.154.58.7

36.878.4

109.1153.6

232.0227.0255.9222.7

4.8=4.5

1.93.4

- 3 . 0- 5 . 0- 3 . 6

- . 610.317.120.916.6

23.521.719.721.921.627.627.626.119.927.5

26.724.930.234.438.947.650.946.653.359.5

52.962.378.494.878.553.771.0

105.9137.7152.7

118.5127.982.1

108.0177.6

102.886.069.869.8

79.797.8

113.4140.9

158.2176.4184.1191.6

3.1- 3 . 5

- . 6

2.0- 2 . 5- 3 . 5-1 .7

1.36.6

10.211.38.1

9.610.79.1

10.89.1

11.913.914.38.1

10.6

12.310.914.015.319.728.935.431.933.638.1

33.931.137.051.949.230.334.350.773.689.0

77.090.661.349.8

107.2

1.7- 1 . 6- 1 . 0

- . 7- . 3

-1 .7- 2 . 6- 2 . 0- 1 . 2

\\2.72.3

2.93.93.84.85.15.97.97.96.46.4

7.37.37.97.89.1

12.914.813.814.516.6

16.315.616.620.718.913.114.116.023.333.7

36.250.949.935.452.9

1.4- 1 . 8

1.42.2

- . 7- . 9

1A4.28.28.65.8

6.76.75.36.04.06.06.06.41.84.2

5.03.66.17.5

10.616.020.618.219.121.5

17.615.520.431.230.317.320.234.750.455.3

40.939.711.414.354.3

1.7-1 .0

1.21.5

- . 6- 1 . 6- 1 . 9- 1 . 8

3.76.89.78.5

13.911.010.611.112.515.713.711.811.816.9

14.414.016.219.019.118.715.514.719.821.3

19.031.241.342.929.323.436.855.264.063.7

41.537.320.958.270.4

1.7- . 9

.8

1.11.4

~\A-1 .7- 1 . 6

3.46.49.17.9

13.410.610.310.812.215.613.411.711.616.7

14.313.916.118.818.918.615.314.519.621.0

18.930.940.942.528.423.136.554.563.363.2

41.237.721.359.170.8

-0 .1

- . 0

!o.0.0

- . 0.0.0

~.i- . 0- . 2- . 2

~A.2

-1.1

-.2

- . 9

-~L3- 1 . 1

0.0- . 0

.0

.0

.0- . 0

- i l- . 1

.1

.2

.2

.1

.X

.1

.1

.1

.1

.1

.1

.1

.1

.1

.2

.2

.3

.4

!ei.5'.S.6.7

.6

.5

'.5.7

1.7-1 .6

.4

2.24.51.8

- . 6-1 .0-1 .0

6.4

47-3 .1

6.810.33.1

.4- 1 . 5

6.04,71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99,8

3.27.7

10.218.514.1

-6 .911.823.026.514.3

-9 .826.0

-26.1-13.5

56.8

-17.0-10.9= 15.3-61.1

-42.9-19.4- 4 . 312.7

73.850.671.831.1



TABLE B-16.—Gross and net private domestic investment in 1972 dollars, 1929-84

[Billions of 1972 dollars; quarterly data at seasonally adjusted annual rates]

Year or quarter

Grossprivatedomes-

ticinvest-ment

Capitalcon-

sumptionallow-anceswith

capitalcon-

sumptionadjust-ment

Equals: Net private domestic investment

Total

Net fixed investment

Total

Nonresidential

Total Struc-tures


Residential


Farmstruc-tures

. Pro-ducers'durableequip-ment

Changein

busi-ness

inven-tories

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962 „.1963196419651966196719681969

197019711972197319741975 „1976197719781979

19801981198219831984 p

1982:

IIZZZZZZinIV

1983:|IIIllIV

1984:I||IIIIV P

55.88.4

33.6

44.555.«29.518.119.727.770.970.082.165.4

93.593.983.085.383.1

103.8102.697.087.5

108.0

104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4

158.5173.9195.0217.5195.5154.8184.5214.2236.7236.3

208.5230.9194.3221.0289.7

204.7200.4194.3177.8

191.3212.6230.6249.5

285.5283.9300.2289.1

33.633.032.1

32.433.133.332.632.132.334.036.138.540.7

42.845.347.549.852.154.256.558.660.361.6

63.3-65JO66.969.071.674.878.782.887.191.6

96.1100.2106.4110.8116.1120.8125.1129.9135.8143.0

149.8156.3161.9168.1175.1

159.7161.0162.3164.5

165.0166.7170.1170.6

172.2174.1176.0178.1

22.3-24.6

1.5

12.222.7

- 3 . 8-14.6-12.4- 4 . 636.933.943.624.7

50.748.735.435.631.149.546.138.427.246.4

41.438.950.756.061.477.284.372.174.579.8

62.473.688.6

106.879.334.059.484.3

100.993.3

58.774.532.452.9

114.6

45.039.432.013.3

26.345.960.578.9

U3.3109.8124.2111.0

17.7-19.8

6.010.6

- 9 . 0-14.7-10.1

- 1 . 024.834.138.129.1

40.135.031.134.133.341.840.336.929.039.3

37.935.942.948.554.365.467.559.965.568.8

58.765.678.489.667.740.851.671.184.986.0

63.163.242.956.590.4

51.743.438.437.9

42.852.059.671.7

81.789.593.696.8

11.7-14.7- 3 . 1

1.65.7

- 7 . 3-10.2-5 .1

3.616.621.521.614.8

17.017.815.117.514.719.021.120.412.215.4

17.616.120.121.627.339.446.740.841.044.4

37.732.737.050.343.423.025.636.349.254.6

44.347.734.633.062.9

7.8-8 .5- 4 . 0

- 2 . 6- . 7

- 5 . 8- 8 . 2-6 .6-3 .6

6.85.05.85.0

6.17.26.98.59.1

10.412.812.310.210.2

1L811.912.812.414.319.821.719.319.220.5

18.616.616.619.414.9S.S9.39.5

13.016.5

15.318.717.612.419.1

3.8- 6 . 2

.9

4.26.3

- 1 . 5- 2 . 0

1.57.29.8

16.515.89.7

10.910.68.29.05.68.68.38.12.05.2

5.84.27.39.1

13.019.725.021.521.823.9

19.116.120.430.928.514.216.326.836.238.1

29.129.116.920.543.8

6.0- 5 . 1

3.0

4.35.0

- 1 . 8- 4 . 5- 5 . 0-4 .6

8.212.616.514.4

23.217.116.016.618.622.819.216.516.923.9

20.319.822.826.927.026.020.819.124.524.3

21.032.941.339.324.317.826.034.735.631.4

18.715.58.3

23.627.5

6.2- 4 . 6

3.0

4.14.7

- 1 . 6- 4 . 1- 4 . 6- 4 . 1

7.711.915.613.5

22.416,515.516.118.222.718.816.316.623.6

20.219.622.626.726.825.820.618.924.324.0

20.932.640.938.923.517.525.834.235.131.0

18.415.68.4

23.827.5

-0.2- . 5

.0

.2

.2

~'.3- . 4

~*4.6.8

.6

.5

.4

.4

.3

.0

.2

.1

- . 1.1.0.0.1

- . 1.0.0

- . 1- . 1

- . 3

—.2

~'.2- . 2- . 1

!o- . 1

- . 1- . 4- . 3

-A

0.0.0.0

.1

!o

~!o.1

\z.1.2.1.1.1.1.1.1

.1

.1

.1

1.2

11

A

A.5.6

'.6.4.4.5.5

.4

.3

.2

A

4.6- 4 . 9

1.6

6.212.05.2

-2.3- 3 . 612.2

-4.4

10.613.74.31.5

- 2 . 27.75.81.5

-1 .87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

-6 .77.8

13.316.07.3

-4 .411.3

-10.4- 3 . 624.2

-6 .7- 4 . 0- 6 . 4

-24.6

-16.5- 6 . 1

.97.2

31.620.330.614.2

Source: Department of Commerce, Bureau of Economic Analysts.

251


TABLE B-17 .—Inventories and final sales oj business, 1946-84

[Billions of dollars, except as noted; seasonally adjusted]

Quarter

Inventories'

Total

72.082.687.278.7

98.0110.5109.2110.1107.6

114.8124.0127.6127.3132.0

136.0137.9144.6150.4156.2

170.5187.4199.4213.5234.6

244.0260.8288.7357.7434.4

439.4473.6519.5602.3705.0

775.4826.6806.7818.4876.5

821.0824.7823.4806.7

799.8800.1809.3818.4

845.2856.4870.7876.5

Farm

22.725.122.919.8

26.128.326.024.623.8

22.522.924.325.624.4

25.625.927.327.626.5

29.929.629.530.633.3

32.336.745.666.662.4

64.560.659.973.981.9

86.383.780.280.683.8

87.589.085.280.2

82.178.076.580.6

85.385.084.283.8

Total

49.357.564.359.0

71.982.283.185.583.9

92.2101.0103.3101.7107.6

110.4112.1117.3122.7129.7

140.6157.8169.9182.9201.3

211.6224.1243.1291.2372.0

374.9413.0459.6528.3623.1

689.0742.8726.5737.8792.7

733.5735.7738.3726.5

717.7722.1732.8737,8

759.9771.4786.5792.7

f

Manu-facturing

26.729.332.528.9

35.243.444.446.444.3

48.854.554.853.255.7

56.657.760.962.966.4

71.581.788.795.2

104.8

108.4109.9116.8141.1189.6

189.8207.5224.7254.2306.6

341.4363.3343.4339.5364.0

357.7353.2350.7343.4

335.2336.3339.3339.5

348.3356.6364.4364.0

Yonfarm

Whole-sale

trade

10.110.511.711.8

13.814.614.815.015.3

16.617.918.218.320.0

20.420.921.523.124.4

26.329.932.434.337.7

41.744.949.460.276.9

77.386.998.7

114.6135.7

155.9164.1161.3163.6177.4

160.6163.4162.9161.3

157.8157.6161.5163.6

167.6171.0175.6177.4

Retailtrade

11.413.115.114.0

17.518.017.718.318.5

20.921.722.922.923.9

25.324.926.327.629.0

31.934.635.339.042.8

44.350.555.764.874.1

74.682.993.7

109.0121.0

128.0139.5140.1151.0164.4

137.7138.5142.0140.1

141.9144.6147.2151.0

159.2159.7160.8164.4

Other

3.54.65.04.3

5.46.16.25.85.9

6.06.97.37.38.0

8.18.78.69.29.9

10.911.613.514.416.0

17.318.821.225.031.3

33.335.742.550.659.8

63.875.981.783.686.9

77.680.682.781.7

82.883.684.883.6

84.884.185.786.9

Finalsales 2

16.018.319.619.5

21.724.626.127.227.5

29.731.432.733.735.6

36.938.841.143.746.2

51.054.157.663.367.4

70.877.285.894.5

102.0

113.6124.1138.9159.5176.9

194.6211.9223.2241.2263.9

214.6216.2217.7223.2

226.3231.4235.9241.2

245.3254.7256.4263.9

Inventory—finalM A | A * MH4JA

saies raiio

Total

4.504.514.444.03

4.534.494.184.053.91

3.863.953.903.773.71

3.693.553.523.443.38

3.343.463.463.373.48

3.453.383.373.794.26

3.873.823.743.783.99

3.983.903.613.393.32

3.833.823.783.61

3.533.463.433.39

3.453.363.403.32

Non-farm3

3.03.13.23.C

3.33.33.13.13.C

3.13.23.13.C3.C

2.92.82.82i2i

2.72.92.92.82.9

2.92.S2.83.C3.6

3.33.33.33.33.5

3.53.53.23.C3.C

3.43.43.33.2

3.13.;3.13.0

3.13.03.03.0

Fourth quarter:1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984"

1982:|II "IIIIV

1983:

liizzuziinIV

1984:

liZZZIinIV P

1 End of quarter.2 Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions,

government, and rest of the world, and includes a small amount of final sales by farms.3 Ratio based on total business final sales, which includes a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial

Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source-. Department of Commerce, Bureau of Economic Analysts.


TABLE B-18.—Inventories and final sales of business in 1972 dollars, 1947-84

[Billions of 1972 dollars, except as noted; seasonally adjusted]

Quarter

Inventories'

Total

116.1121.6117.2

127.7141.4145.7147.2145.0

152.8158.6160.1158.3165.3

168.8171.8179.7187.2194.3

206.1222.9235.1244.1255.1

258.9267.0277.2294.4306.0

299.2307.0320.3336.3343.6

339.2350.5340.1336.5360.6

348.8347.8346.2340.1

336.0334.4

. 334.6336.5

344.3349.4357.1360.6

Farm

25.726.726.2

27.529.130.430.231.1

31.530.731.432.432.4

32.833.234.535.735.1

36.236.036.837.037.3

37.739.239.842.141.8

43.041.140.840.843.2

40.944.343.138.942.8

44.844.644.143.1

41.940.538.838.9

40.240.641.742.8

Nonfarm

Total

90.594.891.0

100.2112.3115.4117.1114.0

121.2127.8128.7125.9132.9

136.1138.6145.2151.5159.2

169.9186.8198.3207.0217.8

221.2227.8237.4252.3264.2

256.3265.9279.5295.5300.4

298.4306.2297.0297.6317.8

304.0303.2302.2297.0

294.0293.9295.8297.6

304.1308.8315.4317.8

Manu-facturing

47.448.846.2

49.360.062.764.560.9

64.369.168.766.169.1

69.971.775.678.282.0

87.097.2

104.1108.4112.8

112.9111.8114.4121.8130.9

127.1130.9134.1139.8145.0

145.9148.1139.4135.9144.8

146.7144.7142.8139.4

136.5136.2135.9135.9

138.2141.6144.9144.8

Whole-sale

trade

16.017.217.2

19.219.720.120.320.6

22.122.822.522.524.6

25.125.726.628.429.9

31.635.337.838.941.2

44.045.947.950.454.1

52.255.559.763.564.7

66.267.065.965.471.1

66.367.166.765.9

64.563.864.665.4

66.667.970.371.1

Retailtrade

18.320.319.8

23.023.023.023.623.7

26.526.827.827.528.7

30.329.831.633.0

. 34.5

37.440.040.043.045.9

46.151.254.658.858.3

55.858.863.167.366.1

63.265.764.567.973.2

64.964.565.664.5

65.265.866.567.9

70.771.171.873.2

Other

8.78.67.8

8.79.59.68.78.8

8.49.29.89.8

10.5

10.711.411.412.012.8

13.814.316.316.817.9

18.219.020.521.420.9

21.120.822.624.924.6

23.025.527.128.328.8

26.126.927.127.1

27.828.128.828.3

28.628.128.428.8

Finalsafes2

33.234.434.6

36.939.841.643.043.1

45.646.547.148.149.7

50.753.155.358.360.9

66.167.570.173.874.7

75.278.984.787.285.0

88.192.297.6

103.0105.4

104.9105.3106.5111.5118.3

105.3104.7104.8106.5

106:8108.7110.1111.5

112.7116.2115.7118.3

Inventory—finalsales ratio

Total

3.503.533.38

3.463.553.513.423.36

3.353.413.403.293.33

3.333.243.253.213.19

3.123.303.363.313.41

3.443.383.273.383.60

3.403.333.283.273.26

3.233.333.193.023.05

3.313.323.303.19

3.153.083.043.02

3.063.013.093.05

Non-farm 3

2.732.762.63

2.722.822.782.722.64

2.662.752.732.622.68

2.682.612.622.602.61

2.572.772.832.812.92

2.942.892.802.893.11

2.912.882.862.872.85

2.842.912.792.672.69

2.892.902.882.79

2.752.702.692.67

2.702.662.732.69

Fourth quarter:194719481949

19501951195219531954

19551956195719581959

1960196119621963...1964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 P.

1982:IIIIllIV

1983:

tiZZZ"""IllIV

1984:I

\\ZZ"ZZ'ZIII

1 End of quarter.2 Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions,government, and rest of world, and includes a small amount of final sales by farms.

3 Ratio based on total business final sales, which includes a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard Industrial

Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-19.—Relation of gross national product, net national product, and national income, 1929-84


Year or quarter

1929 .19331939 ,„

194019411942194319441945 ,.1946194719481949

195019511952195319541955195619571958 ...1959

1960196119621963196419651966196719681969

1970197119721973 ,197419751976197719781979

19801981198219831984 *

1982:

IIIIIIV

1983:

||IllIV

1984:|IIMlIV P


103.455.890.9

100.0125.0158 5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400 0421.7444 0449.7487.9

506 5524.6565 0596.7637 7691.1756 0799.6873 4944.0

992.71077 61185 91326.41,434.21 549.21,718.01 918.32,163.92,417.8

2,631.72,957.83,069.33 304.83,661.3

3,026.03,061.23,080.13,109.6

3173 83 267 03,346.63,431.7

3,553.33,644.73 694.63,752.5

Less:Capital

consump-tion

allowanceswith

capitalconsump-

tionadjustment

9.77.48.7

9.110.011.211.511.712.214.017.320.221.8

23.527.229.331.032.734.838.741743.544.9

46 347.549 050.652 956.060 765.972180.0

88.196 5

1064116.5136.0159.3175.0195.2222.5256.0

293.2330.3358.8377.1402.9

350.4356.1361.4367.5

368 23712382.8386.4

391.8400.0406.9412.8

Equals:Net

nationalproduct

93.748.482.2

91.0115.0147.3180.7198.9200.2195.8215.7239.3236.5

263.0303.6318.7335.8334.1365.3383,0402 3406.2443.0

460 2477.05161546.1584 8635.06953733.78013864.0

904,7981.1

1079 51,209 91,298.21,389.91,543.01,723 21,941.42,161.7

2,338.52,627.52,710.42,927.73,258.4

2,675.72,705.12,718.82,742.2

2 805 62395 82,963.93,045.4

3,161.53,244.73,287.73,339.8

less:

Indirectbusinesstax andnontaxliability

7.17.19.4

10.111.311.812.814.215.517.118.420.121.3

23.425.327.729.729.632.235.137.538.741.8

45448.051,654.658.862.665.370.278.986.6

94.3103.71115120.9129.1140.1151.7165.7178.2189.6

213.4251.3258.8280.4304.3

254.7256.1260.1264.2

266 9279 9284,7290.1

295.5301.3306.6313.7

Busi-ness

transferpay-

ments

0.6

.5

.4

.5

.5

.5

.5

.5

.6

.8

.8

.91.01.21.11.21.41.51.61.8

2.02.02.12.42.72.83.03.13.43.9

4.14.44.95.55.87.47.98.69.3

10.3

11.712.914.115.617.3

13.613.914.314.7

15 015 415.816.2

16.717.117.518.0

Statis-tical

discrep-ancy

1.1.7

1.4

1.1.6

- .8- 1 . 8

2.74.1,5

1.5- 1 . 6

.6

1.33.21.72.32.01.3

-2 .1- 1 . 2

.2- 1 . 3

- 2 . 4- .12.11.7

- 1 . 21.4

- .3-2 .1- 3 . 9

- 1 . 54.13.3

.83.75.55.11.4

- 2 . 6- 1 . 5

2.35.6

.5- 8 . 2

- 8 . 3-3 .1- . 910.5

7.54.1

-4 .8=4.8

2.2- 9 . 0

-13,0

Plus:Subsidies

lesscurrentsurplus

ofgovern-

mententer-prises

- 0 . 2- .0

.4

.4

.1

.1

.1

.6

.7

.9- .2- .1

.3

.1= .1=.3- .5- .3- .0

,7.7

1.1.1

.41.71.81.11,71.62.51.61,41.9

2,92.63.83.41.12.41.03.13.73.4

5.56.18.8

15.614.4

6.65.77.0

15.9

10.812.716.222.6

26.49.68.4

13.3

Equals:Nationalincome

84.839.971.4

79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6

237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8

415.7428.8462.0488.5524.9572.4628.1662.2722.5779.3

810.7871.5963.6

1,086.21,160.71,239.41,379.21,550.51,760.31,966.7

2,116.62,363.82,446.82,646.72,959.4

2,422.32,443.92,452.42,468.6

2,527.02,609.02,684.42,766.5

2,873.52,944.82,984.9



TABLE B-20.—Relation of national income and personal income, 1929-84

[Billions of doffars; quarterly data at seasonally adjusted annual rates]

Year or quarter

19291933 ..1939

19401941 ....19421943 ...1944194519461947 ..19481949

19501951195219531954 ...19551956 ....19571958 ....1959

1960 . .1961196219631964 ....196519661967 ...19681969

19701971 ..197219731974197519761977 ..19781979

19801981 ...1982 .19831984 p

1982:

ItIIIIV

1983:111IIIIV

1984:IIIIllIV *

Nationalincome

84.839 971.4

79.7102 7135.9169 3182.1180 7178.6194 9219.9213.6

237 6274.1287 9302.13011330.53494365 2366.9400.8

415 7428.8462 0488.5524.9572 4628.1662.2722.5779.3

810.78715963.6

1 086 21160 71,239.41 379.21550 51760 31,966.7

2 116.62 363 82 446 82 646 72,959.4

2,422.32 443.92 452 42,468.6

2,527.02 609.02,684.42,766.5

2 873.52,944.82,984.9

Less:

Corporateprofitswith

inventoryvaluation

andcapital

consump-tion

adjust-ments

9.0- 1 7

5.3

8.614,119.323.523.619 016.622 329.427.1

33 938.736136.335 245.543 743 338.549.6

47 648.656 662.169.280 085.182 489.1851

71.483 296.6

108 394 9

110.51381167 3192 4194.8

175.4189 91591225 2284.5

159.91617163 3151.6

179.1216.7245.0260.0

277.4291.1282.8

Netinterest

4.74.13.6

3.33.33.12.72.4221.8232.42.7

303.5404.4535.966799.6

10.3

11413.014 716.418.321024.427.630.034.8

41.446.551.260 276184.587.2

102 51217153.8

192.6241.0260 9256 6285.0

263.6268.5257.7253.8

254.2254.2259.2258.9

266.8282.8293.5297.1

Contribu-tions for

socialinsurance

0.23

2.1

2.32.83.5455.2616.1585.45.9

718.5909.1

10111.512 914 915.218.0

21121.924 327.328730 038.843.447.955.0

58.664 674.292 4

104 3110.9126.0140 61618186.9

203.7236.8251.3272 7305.9

248.3250.4252.3254.1

265.3270.2274.3281.0

298.9304.2308.1312.6

Wageaccruals

lessdisburse-

ments

0.0.0.0

.0

.0

.02

— 2.0

- . 0.0.0

- . 0

o.1

- 0- . 1o

.0

.0

o.0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.6

.0—.1- .5

.0

.0

.0,2

- . 2

- . 0.1

- .0- .4

.0

- . 1.0.0.0

.0- 1 . 3

.0

.2

.2- . 4

.2

PIUS:

Govern-ment

transferpayments

topersons

0.91.52.5

2.72.62.72.53.15.6

10.811210.611.7

14 411.612112.915116.217.320124.325.2

27.030.831.633.434.837.641.649.556.462.8

76.190.099.8

114.0135.4170.9186.4199.3214.6240.0

285.9324.4361.9389.3399.5

342.2352.0368.4385.2

384.8391.9388.1392.5

394.7398.1401.0404.3

Personalinterestincome

6.95.55.4

5.35.35.25.15.25.96.67.68.18.7

9.710.511.212.513.714.916.718.820.322.5

25.026.429.032.235.639.744.448.353.461.1

69.474.880.993.9

112.4123.2132.5152.8179.4218.7

266.0331.8366.6376.3434.8

363.6373.2366.4363,0

366.0368.8382.3388.2

403.9425.6449.3460.1

Personaldividendincome

5.82.03.8

4.04.44.34.44.64.65.66.37.07.2

888.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.221.922.4

11122.6

. 24.126.529.129.936.539.645.350.8

56.864.366.570.377.7

66.565.966.167.4

68.569.170.772.8

75.077.278.580.2

Businesstransfer

payments

0.6

.5

.4

.5

.5

.5

'&.7.8

8.9

101.21.11.21.41,51.61.8

2.02.02.12.42.72.83.03.13.43.9

4.14.44.95.55.87.47.98.69.3

10.3

11.712.914.115.617.3

13.613.914.314.7

15.015.415.816.2

16.717.117.518.0

Equals:

Personalincome

85.047.072.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1,065.21,168.61,265.0lt391.21,540.41,732.71,951.2

2,165.32,429.52,584.62,744.23,013.2

2,536.52,568.22,594.32,639.5

2,662.82,714.42,763.32,836.5

2,920.52,984.63,047.33,100.4


255


TABLE B-21.—National income by type of income, 1929-84


Year orquarter

Nationalincome'

Compensationof employees

TotalWages

andsalaries

Supple-ments

towages

andsal-

aries2

Proprietors' income with inventory valuation and capital consumptionadjustments

Total

Farm

TotalPropri-etors'

in-come3

Capitalconsump-

tionadjust-

Nonfarm

TotalPropri-etors'

in-come4

Inven-tory

valua-tion

adjust-ment

Capitalconsump-

tionadjust-ment

L9291933.........1939

19401941942943i9441945194619471948194919501951195219531954 Z..19551956195719581959

I9601961196219631964196519661967196819691970197119721973197419751976197719781979 "'.'".

1981198219831984"

1982:IIIIllIV

1983:

||IIIIV

1984:1II 'IIIIV P

84.839.971.479.7

102.7135,9169,3182.1180.7178.6194.9219.9213.6237.62741287.9302.1301.1330 5349.4365 2366.9400.8415.7428.8462.0488 5524.9572.4628.1662.2722 5779.3810.7871.59636

1,086.21,160.71239 4U79.21,550.51,760.31,966.7

2,116.62,363.82,446.82,646.72,959.4

2,422.32,443.92 452 42,468.6

2,527.02,609.02,684.42,766.5

2,873.52 944 821984.9

51.129.548.1

52.164.885.3

109.5121.2123.1118.1129.2141.4141.3

154.8181.0195.7209.6208.4224.9243.5256.5258.2279.6

294.9303.6325.1342.9368.0396.5439.3471.4519.9572.9

612.0652.2718.0801.3877.5931.4

1,036.31,152.11,301.11,458.1

1,599.61,765.41,864.21,984.92,172.7

1,834.21,857.71,876.31,888.7

1,921.31,962.42,000.72,055.4

2,113.42,159.22,191.92,226.2

50.529.046.0

49.962.182.1

105.8116.7117.5112.0123.1135.5134.7

147.0171.3185.3198.5196.8211.7228.3239.3240.5258.9

271.9279.5298.0313.4336.1362.0398.4427.0469.6515.7

548.7581.5635.2702.6765.2806.4889.9983.2

1,106.51,237.4

1,356.61.493.21,568.71,658.81,803.7

1,546.21,564.21,578.01,586.5

1,608.11,640.81,670.81,715.4

1,755.91,793.31,819.11,846.3

0.6

2 12.32.73.23.84.55.66.06.15.96.6

7.89.7

10.411.011.613.215.217.217.720.6

23.024.127.129.531.834.540.944.450.357.2

63.270.782.898.7

112.3125.0146.4168.9194.6220.7

243.0272.2295.5326.2369.0

288.0293.5298.3302.2

313.2321.6329.9340.0

357.4365.9372.8379.9

15.05.9

11.8

13.017.524.229.130.431.836.735.940.936.4

38.743.243.441.841,242.943.945.347.747.6

47.248.649.950.552.556.960.561.264.067.0

66.269.476.993.888.790.094.1

103.9118.5132.1

117.4125.1111.1121.7154.7

116.8107.7102.2117.6

114.7116.9123.3131.9

154.9149.8153.7160.4

6.12.54.4

4.46.4

10.112.012.012.414.915.117.612.8

13.716.115.113.112.511.511.211.113.210.9

11.712.112.312.010.813.114.112.612.714.6

14.315.018.732.826.524.619.119.126.331.9

21.831.521.813.828.3

30.019.212.725.4

16.410.111.217.3

32.523.427.329.9

6.32.64.5

4.56.5

10.312.212.212.715.215.718.213.5

14.416.916.013.913.312.212.112.114.111.9

12.612.913.012.811.513.814.913.513.715.7

15.616.420.434.629.028.022.823.331.337.8

28.939.430.222.136.5

38.327.621.033.9

24.818.419.625.7

40.731.735.538.1

- 0 . 2

~-l

~'.2

-'.3

— 5- ! 6

— .7

9- . 9

- 1 . 0

- . 9- . 8- . 8

- 7— 7- ! 8- . 9

- 1 . 0- 1 . 2

- 1 . 3- 1 . 4-1 .6-1 .8- 2 . 5- 3 . 4-3 .7- 4 . 3- 5 . 0-5 .9

- 7 . 1- 7 . 9- 8 . 4- 8 . 4- 8 . 2

- 8 . 3- 8 . 4- 8 . 3-8 .5

- 8 . 4-8 .4- 8 . 4- 8 . 3

-=8.3- 8 . 3- 8 . 2- 8 . 2

8.93.37.48.6

11.114.117.118.419.421.820.823.323.6

25.027.228.228.628.731.432.734.234.536.7

35.536.537.638.541.743.846.448.651.352.5

51.954.458.161.062.265.475.084.892.2

100.2

95.693789.2

107.9126.4

86.888.589.592.1

98.3106.8112.1114.6

122.5126.3126.4130.6

3,97.6

8.611.714.417.118.319.323.321.823.122.2

25.126.426.927.627.630.531.833.133.235.3

34.235.336.437.240.242.745.347.550.651.9

51.754.558.162.365.867.477.186.894.9

103.2

100.394.087.6

100.4114.6

84.887.488.090.4

93.099.4

103.8105.5

112.4115.0113.8117.1

0.1- . 5

- . 0- . 6-=.4- . 2=> 1- ! i

-1 .7- 1 . 5

- . 4.5

-1 .1- . 3

.2- . 2= .0= .2

-13

~!o.0.0

- . 0= .0- . 1= .2- . 2- . 2- . 4- . 5= .5= .6

- l ! o- 3 . 7- 1 . 2- 1 . 2- 1 . 2- 2 . 0= 2.9

-3 .1- 1 . 3

= .2- . 6•= 5

!6

- 1 . 3

- 1 . 2

.1

=0.1.0

- . 0

.0

.0

.2

.2

1.01,01.11.21.21.21,41.41.41.4

1.31.21.21.41.51.31.31.31.11.1

.6

-A= .9=-.8

!

- 1 . 51.02.18.3

12.3

2.2172.02.3

5.68.39.59.7

11.211.812.513.6

1 National income is the total net income earned in production. It differs from gross national product mainly in that it excludesdepreciation charges and other allowances for business and institutional consumption of durable capital goods and indirect businesstaxes. See Table B-19.2 Employer contributions for social insurance and to private pension, health, and welfare funds; workers' compensation; directors'fees; and a few other minor items.


256


TABLE B-21.—National income by type of income, 1929-84—Continued


Year or quarter

Rental income of personswith capital consumption

adjustment

Total

Rentalincome

ofpersons

Capitalcon-

sumpiionadjust-ment

Corporate profits with inventory valuation and capital consumption adjustments

Total

Profits with inventori l

inventory valuation adjustment and withoutcapital consumption adjustment

Total

Profits

Profitsbefore

tax

Profitstax

liability

Profits after tax

TotalDivi-

dends

Undis-tributedprofits

Inven-toryvalu-ation

adjust-ment

Capitalcon-

sumptionadjust-ment

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973.:197419751976197719781979

19801981198219831984 ^

1982:IIfIllIV

1983:IIIIllIV

1984:IIIIllIV.

4.92.22.6

2.73.14.04.44.54.65.55.35.76.1

7.17.78.8

10.011.011.311.612.212.913.6

14.515.015.816.517.118.018.719.719.519.6

19.720.221.022.623.523.023.524.826.627.9

31.542.351.558.362.5

47.848.352.957.0

57.759.056.260.4

61.062.063.063.8

5.72.33.1

3.33.95.05.65.96.27.37.78.58.9

10.011.012.213.414.414.815.215.916.717.4

18.018.419.119.720.221.222.323.624.025.2

25.827.129.032.135.336.839.244.050.056.2

63.977.988.496.6

103.0

85.385.389.893.1

94.996.096.699.1

99.9102.5104.2105.3

- 0 . 8

- . 6- . 8

-1 .0-1.2-1 .4-1 .6-1 .8-2 .5-2 .8-2 .8

-2 .9- 3 . 3-3 .4-3 .4- 3 . 3-3 .5-3 .6-3 .6-3 .8-3 .8

-3 .5-3 .4-3 .4-3 .2-3 .2-3 .3-3 .6-3 .9-4 .5-5 .6

- 6 . 1-6 .9-8 .0-9 .5

-11.8-13.8-15.6-19.1-23.4-28.3

-32.4-35.6-36.9-38.3-40.5

-37.6-37.0-36.9-36.1

- 3 7 . 2- 3 7 . 0- 4 0 . 3- 3 8 . 7

-38.8-40.6-41.2-41.5

9.0-1 .7

5.3

8.614.119.323.523.619.016.622.329.427.1

33.938.736.136.335.245.543.743.338.549.6

47.648.656.662.169.280.085.182.489.185.1

71.483.296.6

108.394.9

110.5138.1167.3192.4194.8

175.4189.9159.1225.2284.5

159.9161.7163.3151.6

179.1216.7245.0260,0

277.4291.1282.8

10.5-1 .2

6.5

9.815.420.524.524.019.319.625.933.431.1

37.943.340.640.238.447.546.946.641.652.3

49.750.055.159.766.076.080.978.184.9

68.982.094.0

105.696.7

120.6151.6178.5205.1209.6

191.7197.6156.0192.0228.6

161.3160.9158.8143.2

157.3186.1208.1216.3

229.8238.7224.5

10.01.07.2

10.017.921.725.324.219.824.831.835.629.2

42.944.539.641.238.749.249.648.141.952.6

49.849.755.059.666.577.283.079.788.586.7

75.486.6

100.6125.6136.7132.1166.3194.7229.1252.7

234.6221.2165.5203.2234.3

167.6169.8168.9155.8

161.7198.2227.4225.5

243.3246.0224.8

1.4.5

1.4

2.87.6

11.414.112.910.79.1

11.312.410.2

17.922.619.420.317.622.022.021.419.023.6

22.722.824.026.228.030.933.732.539.239.5

34.237.541.649.051.650.663.872.783.287.6

84.881.160.775.888.4

62.962.961.955.0

59.174.884.784.5

92.795.883.1

8.6.4

5.7

7.210.310.311.211.39.1

15.720.523.219.0

25.021.920.220.921.127.227.626.722.928.9

27.126.931.133.438.546.349.447.249.447.2

41.349.058.976.685.181.5

102.5122.0145.9165.1

149.8140.0104.8127.4145.8

104.7106.9107.0100.8

102.6123.4142.6141.1

150.6150.2141.7

5.82.03.8

4.04.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.222.022.5

22.522.924.427.029.930.837.440.847.052.7

58.666.569.272.980.5

69.268.669.070.2

71.171.773.375.4

77.779.981.383.0

2.8-1 .6

2.0

3.25.86.06.76.74.5

10.214.216.211.8

16.213.411.812.111.916.916.615.211.616.7

14.313.616.617.921.227.229.927.027.324.7

18.826.134.549.655.250.765,181.298.9

112.4

91.273.535.654.565.3

35.538.238.130.6

31.451.769.365.6

72.970.260.3

0.5-2 .1= .7

-Ii5-1 .2

= .8

-A= 5.3- 5 . 9- 2 . 2

1.9

-5 .0-1 .2

1.0-1 .0

- ~ U-2 .7-1 .5

- . 3- . 3

- . 2.3.0.1

-~L2- 2 . 1-1 .6-3 .7-5 .9

-6 .6-4 .6-6 .6

-20.0-40.0-11.6-14.7-16.2-24.0-43.1

-42.9-23.6

=9.5-11.2-5 .7

=6.3-8 .9

-10.1-12.6

-4 .3= 12.1-19.3-9 .2

-13.5- 7 . 3

-7.7

-1 .4= .6

-1 .1

-1 .2-1 .3-1 .2-1 .0

- . 3- . 2

= 3.0= 3.6-4 .0-3 .9

-4 .0-4 .6-4 .5-3 .9-3 .2-2 .0-3 .2-3 .4-3 .2= 2.7

-2 .0-1 .4

1.52.53.14.04.24.34.34.3

2.51.32.72.7

-1 .8-10.1-13.5-11.3-12.7-14.8

-16.3-7 .6

3.133.255.9

-1 .4.8

4.58.4

21.730.636.943.6

47.652.358.365.5

3 With inventory valuation adjustment and without capital consumption adjustment.4 Without inventory valuation and capital consumption adjustments.



TABLE B-22.—Sources of personal income, 1929-64


Year or quarter Personalincome

85.047.072.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1,065.21,168.61,265.01,391.21,540.41,732.71,951.2

2.165.32,429.52,584.62,744.23,013.2

2,536.52,568.22,594.32,639.5

2,662.82,714.42,763.32,836.5

2,920.52,984.63,047.33,100.4

Wage and salary disbursements'

Total

50.529.046.0

49.962.182.1

105.6116.9117.5112.0123.1135.5134.8

147.0171.3185.4198.6196.8211.7228.3239.3240.5258.9

271.9279.5298.0313.4336.1362.0398.4427.0469.6515.7

548.7580.9635.2702.7765.7806.4889.9983.2

1,106.31,237.6

1,356.71,493.11,568.71,659.21,803.6

1,546.31,564.21.578,01,586.4

1,608.11.642.11.671.31,715.4

1,755.71,793.11,819.51,846.1

Commodity-producingindustries

Total

21.59.8

17.4

19.727.539.149.050.445.946.054.261.157.8

64.876.382.089.685.793.1

100.6104.2100.0109.6

113.1113.7121.8126.9135.4146.0161.0168.3183.4199.6

203.0208.3227.3254.3274.7275.0307.3343.6389.4438.4

468.1509.3509.3519.3569.0

515.3514.9508.1498.9

503.5511.4523.5539.0

555.9567.0573.3579.9

Manu-facturing

16.17.8

13.6

15.621.730.940.942.938.236.542.547.144.6

50.359.364.171.267.573.879.482.478.686.8

89.789.896.7

100.6107.1115.5128.0134.1145.8157.5

158.2160.3175.4196.2211.4211.0237.4266.0299.2333.9

354.6385.5382.9395.2433.8

386.1386.7382.7376.0

380.5389.3399.1411.9

424.6432.2

• 436.4441.9

Distrib-utive

tnrliictnaus-tries

15.68.8

13.3

14.216.318.020.122.724.831.035.237.537.7

39.844.346.949.750.153.457.760.560.864.8

68.269.372.876.381.487.294.4

100.9110.0120.8

130.3139.4152.1168.3184.6195.6216.6239.5270.7303.4

330.7361.6378.6398.6432.0

372.5377.0381.2383.8

386.0395.4399.7413.2

419.2429.5436.4442.9

Serviceindus-tries

8.45.27.1

7.58.19.09.9

10.911.914.316.117.918.5

19.821.523.124.926.128.631.333.635.638.5

41.444.147.250.254.458.964.771.379.689.7

98.3106.7118.2131.3145.6159.7177.4197.7226.6259.7

297.6337.7374.3413.1452.8

359.6368.9380.3388.3

398.3409.1417.0428.2

437.9449.3457.3466.7

Govern*meritand


5.05.28.2

8.510.216.026.633.034.920.717.519.020.8

22.629.233.334.434.936.638.841.044.146.0

49.252.456.360.064.969.978.386.496.6

105.5

117.1126.5137.5148,7160.9176.1188.7202.4219.5236.2

260.3284.6306.6328.2349.8

299.0303.5308.4315.4

320.4326.2331.0335.0

342.8347.3352.4356.7

Otherlabor

income1

0.5.4.6

.6

.7

.91.11.51.82.02.42.72.9

3.74.65.25.96.17.08.09.09.4

10.6

11.211.813.014.015.717.819.921.725.228.5

32.536.743.048.855.864.575.989.4

102.5114.9

128.0140.0155.5173.1195.5

149.7154.0157.9160.6

164,4169.9175.9182.1

188.1193.5198.1202.5

Proprietor!ufith mil

>' incomeWIW irtvcinuiyvaluation andcapconsunadjustr

Farm

6.12.54.4

4.46.4

10.112.012.012.414.915.117.612.8

13.716.115.113.112.511.511.211.113.210.9

11.712.112.312.010.813.114.112.612.714.6

14.315.018.732.826.524.619.119.126.331.9

21.831.521.813.828.3

30.019.212.725.4

16.410.111.217.3

32.523.427.329.9

tallption

Nonfarm

8.93.37.4

8.611,114.117.118.419.421.820.823 3

25.027.228,228,628.731.432.734.234.536.7

35.536.537.638.541.743.846.448.651.352.5

51.954.458.161.062.265.475.084.892.2

100.2

95.693.789.2

107.9126.4

86.888.589.592.1

98.3106.8112.1114.6

122.5126.3126.4130.6

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962196319641965....19661967....1968....1969....

1970....1971....1972 „..1973....1974....1975....1976....1977....1978....1979....

1980....1981....1982....1983....1984 »..

1982:

ILZin

IV

1983:

IlZ!!Ill

IV

1984:

IlZ"IIIIV "...1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-21 in that it

excludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.See next page for continuation of table.


TABLE B-22.—Sources of personal income, 1929-84—Continued


Year or quarter

Rentalincome

ofpersons

withcapital

con-sumptionadjust-ment

Personaldividendincome

Personalinterestincome

Transfer payments

Total

Old-age,survivors,disability,

andhealthinsur-ance

benefits

Govern-ment

unem-ployment

insur-ance

benefits

Veteransbenefits

Govern-ment

employ-ees

retire-ment

benefits

Aid tofamilies

withdepend-

entchildren(AFDC)

Other

Less:Personalcontribu-tions for

socialinsurance

192919331939....

1940....1941....1942....1943....194419451946....1947....1948....1949....

4,92.2

1950195119521953195419551956195719581959

19601961196219631964196519661967......19681969197019711972197319741975197619771978197919801981198219831984 "..

1982:IIIIllIV

1983:[

HI........IV

1984:|IIIllIV P

2.6

2.73.14.04.44.54.65.55.35.76.1

7.17.78.8

10.0U.O11.311.612.212.913.6

14.515.015.816.517.118.018.719.719.519.6

19.720.221.022.623.523.023.524.826.627.9

31.542.351.558.362.5

47.848.352.957.0

57.759.056.260.4

61.062.063.063.8

5.82.03.8

4.04.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.221.922.4

22.222.624.126.529.129.936.539.645.350.8

56.864.366.570.377.7

66.565.966.167.4

68.569.170.772.8

75.077.278.580.2

6.95.55.4

5.35.35.25.15.25.96.67.68.18.7

9.710.511.212.513.714.916.718.820.322.5

25.026.429.032.235.639.744.448.353.461.1

69.474.880.993.9

112.4123.2132.5152.8179.4218.7

266.0331.8366.6376.3434.8

363.6373.2366.4363.0

366.0368.8382.3388.2

403.9425.6449.3460.1

1.52.13.0

3.13.13.13.03.66.2

11.311.711.312.5

15.212.613.114.116.217.518.721.625.927.0

28.932.833.835.837.440.444.752.659.866.7

80.194.4

104.7119.5141.2178.3194.3207.9223.8250.3

297.6337.3376.1405.0416.9

355.8365.9382.6399.9

399.8407.3403.9408.8

411.3415.2418.6422.4

0.0

.0

.1

.1

.2

!3.4.5.6

1.01.92.23.03.64.95.77.38.5

10.2

11.112.614.315.216.018.120.825.530.232.9

38.544.549.660.470.181.492.9

104.9116.2131.8

154.2182.0204.5221.6237.5

194.9197.2209.3216.7

216.6219.8222.4227.7

232.1235.2238.2244.5

0.4

.5

.4

.4

.1

!41.1.8.9

1.9

1.5.9

1.11.02.21.51.51.94.12.8

3.04.33.13.02.72.31.92.22.12.2

4.05.85.74.46.8

17.615.812.79.79.8

16.115.925.226.115.9

19.323.925.831.7

29.931.722.820.2

16.715.815.215.8

0.6.6.5

.5

.5

LO3.07.07.05.95.3

7.74.64.34.14.24.44.44.54.74.6

4.65.04.74.84.74.94.95.65.96.7

7.78.89.7

10.411.814.514.413.813.914.4

15.016.116.416.616.5

16.316.216.316.6

16.816.616.616.5

16.416.616.716.4

0.1.2.3

.3

.3

.3

.4

.4

.5

.7

.7

.7

.9

1.01.11.21.41.51.71.92.22.52.8

3.13.43.74.24.75.26.16.97.68.7

10.211.813.816.019.022.726.129.032.736.9

43.049.654.959.562.1

52.255.255.956.5

57.359.160.461.3

62.463.163.959.2

1.01.11.31.41.51.71.92.32.83.5

4.86.26.97.27.99.2

10.110.610.711.0

12.413.013.314.214.7

13.313.313.313.5

14.114.314.314.3

14.914.914.614.6

0.81.41.7

1.71.81.81.82.02.02.1

2.52.93.3

3.53.63.84.14.14.34.54.95.35.8

6.26.46.77.37.88.39.2

10.211.112.5

15.017.419.021.125.632.835.136.940.746.3

56.960.761.766.870.1

59.760.062.164.8

65.165.967.468.8

68.969.670.072.0

0.1

1.21.82.22.32.02.12.22.2

2.93.43.84.04.65.25.86.76.97.9

9.39.7

10.311.812.613.317.820.622.926.2

27.930.734.542.647.950.455.561.169.881.188.7

104.5111.4119.6132.5

110.0110.9111.9112.5

116.4118.5120.4123.2

129.6131.8133.4135.1

2 Personal income exclusive of farm proprietors' income, farm wages, farm other labor income, and farm net interest.Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is

based on the 1972 Standard Industrial Classification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.

259


TABLE B-23.—Disposition of personal income, 1929-84


Year or quarter Personalincome

Less:Personaltax andnontax

payments

Equals:Dispos-

ablepersonalincome

Less: Personal outlays

Total

Personalcon-

sumptionexpendi-

tures

Interestpaid by

consum-ers tobusi-ness

Per-sonal

transferpay-

mentsto

for-eigners(net)

Equals:Personalsaving

Percent of disposablepersonal income

Personal outlays

Total

Personalconsump-

tionexpend-itures

Personalsaving

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973 !197419751976197719781979

19801981198219831984 »

1982:

if!IllIV

1 9 8 3 :IIIIllIV

1 9 8 4 :I||IIIIV >

85.047.072.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

1,065.21,168.61,265.01,391.21,540.41,732.71,951.2

2,165.32,429.52,584.62,744.23,013.2

2,536.52,568.22,594.32,639.5

2,662.82,714.42,763.32,836.5

2,920.52,984.63,047.33,100.4

2.61.42.4

2.63.35.9

17.818.920.818.721.421.018.5

20.628.934.035.532.535.439.742.442.146.0

50.452.156.860.358.664.974.582.197.2

115.7

115.8116.7141.0150.7170.2168.9196.8226.4258.7301.0

336.5387.7404.1404.2435.1

404.4411.4398.5402.0

401.4411.6395.8407.9

418.3430.3440.9451.0

82.445.670.0

75.392.2

116.6133.0145.6149.1158.9168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4

352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9

695.3751.8810.3914.5998.3

1,096.11,194.41,314.01,474.01,650.2

1,828.92,041.72,180.52,340.12,578.1

2,132.02,156.82,195.82,237.5

2,261.42,302.92,367.42,428.6

2,502.22,554.32,606.42,649.4

79.146.567.8

72.081.889.4

100.1109.0120.4145.2163.5176.9180.4

194.7210.0220.4233.7240.1258.5271.6286.4295.4317.3

332.3342.7363.5384.0411.0442.1477.7503.6551.5598.3

639.5691.1757.7835.5913.2

1,001.81,111.91,236.01,384.61,553.5

1,718.71,904.32,044.52,222.02,421.2

1,989.52,020.12,061.32,107.3

2,133.42,206.12,248.42,300.0

2,349.62,409.52,442.32,483.2

77.345.867.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,668.11,849.11,984.92,155.92,342.3

1,931.31,960.92,001.32,046.1

2,070.42,141.62,181.42,230.2

2,276.52,332.72,361.42,398.6

.9

!5

!s.7

1.01.41.7

2.32.52.93.63.84.45.15.55.66.1

7.07.37.88.89.9

11.112.012.513.815.6

16.717.719.522.324.124.426.730.737.445.5

49.654.458.565.177.7

57.057.958.860.2

62.163.665.968.7

71.975.779.883.4

0.32

2

\l.4.5

7.7

.4

.4

.4

.5

!4.5

!4.4

.4

.4

.5

.6

.6

!9

3.3- . 92.2

3.410.327.232.936.628.713.75.2

11.17.5

11.916.117.418.517.016.421.322.323.621.1

19.723.023.321.929.633.736.044.341.940.6

55.860.752.679.085.194.382.578.089.496.7

110.2137.4136.0118.1156.9

142.6136.7134.5130.2

128.096.7

119.0128.7

152.5144.8164.1166.2

96.0102.096.9

95.588.876.775.374.880.891.496.994.196.0

94.292.992.792.793.494.092.792.892.693.8

94.493.794.094.693.392.993.091.992.993.6

92.091.993.591.491.591.493.194,193.994.1

94.093.393.895.093.9

93.393.793.994.2

94.395.895.094.7

93.994.393.793.7

95.6

94.287.676.074.774.380.190.595.993.094.8

92.991.691.391.191.792.390.890.990.791.8

92.391.691.892.390.990.590.589.590.591.1

89.489.491.088.889.089.190.891.791.391.3

91.290.691.092.190.9

90.690.991.191.4

91.693.092.191.8

91.091.390.690.5


260


TABLE B-24.—Total and per capita disposable personal income and personal consumption expenditures in

current and 1972 dollars, 1929-84

[Quarterly data at seasonally adjusted annual rates, except as noted]

Year or quarter

Disposable personal income

Total (billions ofdollars)

Currentdollars

1972dollars

Per capita(dollars)

Currentdollars

1972dollars

Personal consumption expenditures

Total (billions ofdollars)

Currentdollars

1972dollars

Per capita(dollars)

Currentdollars

1972dollars

Popula-tion(thou-sands) 1

1929193319391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979

19801981198219831984 P..

1982:IIIIllIV

1983:IIIIllIV

1984:IIIIllIV P...

82.445.670.075.392.2116.6133.0145.6149.1158.9168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9695.3751.8810.3914.5998.3

1,096.11,194.41,314.01,474.01,650.2

1,828.92,041.72,180.52,340.12,578.1

2,132.02,156.82,195.82,237.5

2,261.42,302.92,367.42,428.6

2,502.22,554.32,606.42,649.4

229.5169.6229.8244.0277.9317.5332.1343.6338.1332.7318.8335.8336.8

362.8372.6383.2399.1403.2426.8446.2455.5460.7479.7489.7503.8524.9542.3580.8616.3646.8673.5701.3722.5751.6779.2810.3864.7857.5874.9906.8942.9988.8

1,015.7

1,021.61,049.31,058.31,095.41,169.5

1,052.81,054.81,057.91,067.6

1,073.11,082.01,102.21,124.3

1,147.61,165.31,176.51,188.7

676363534570691865973

1,0521,0661,1241,1701,2821,2591,3621,4651,5151,5811,5831,6641,7411,8021,8321,9111,9471,9912,0732,1442,2962,4482,6132,7572,9563,152

3,3903,6203,8604,3154,6675,0755,4775,9656,6217,331

8,0328.8749,3859,97710,893

9,2099,2959,4399,593

9,6759,83210,08210,318

10,60810,80611,00011,154

1,8831,3491,7541,8472,0832,3542,4292,4832,4162,3532,2122,2902,257

2,3922,4152,4412,5012,4832,5822,6532,6602,6452,709

2,7092,7422,8132,8653,0263,1713,2903,3893,4933,5643,6653,7523,8604,0804,0094,0514,1584,2804,4414,512

4,4874,5614,5554,6704,941

4,5484,5464,5484,578

4,5914,6194,6944,776

4,8654,9304,9655,004

77.345.867.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,668.11,849.11,984.92,155.92,342.3

1,931.31,960.92,001.32,046.1

2,070.42,141.62,181.42,230.2

2,276.52,332.72,361.42,398.6

215.1170.5219.8

229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3

. 337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4

452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9

672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6

931.8950.5963.3

1,009.21,062.6

953.7958.9964.2976.3

982.51,006.21,015.61,032.4

1,044.11,064.21,065.91,076.2

634364511

537605657727781854

1,0171,1221,1921,194

1,2661,3421,3831,4391,4521,5351,5811,6371,6621,755

1,7971,8231,9041,9792,0872,2142,3662,4672,6742,870

3,0313,2373,5113,8314,1524,5214,9725,4686,0486,695

7,3268.0378,5439,1929,897

8,3428,4518,6038.773

8,8589,1439,2909,475

9,6519,8699,966

10,098

1,7651,3561,678

1,7401,8261,7881,8151,8441,9362,1292,1222,1292,140

2,2242,2142,2302,2772,2782,3842,4102,4162,4002,487

2,5012,5112,5832,6442,7512,8682,9793,0323,1603,245

3,2773,3553,5113,6233,5663,6093,7743,9244,0574,121

4,0934,1314,1464,3034,490

4,1194,1334,1454,186

4,2034,2964,3254,386

4,4274,5024,4994,531

121,878125,690131,028

132,122133,402134,860136,739138,397139,928141,389144,126146,631149,188

151,684154,287156,954159,565162,391165,275168,221171,274174,141177,073

180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736

205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106

227,694230,068232,351234,542236,681

231,513232,027232,634233.230

233,742234,230234,811235,385

235,875236,369236,950237,531

1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data are forJuly 1 through 1958 and are averages of quarterly data beginning 1960. Quarterly data are averages for the period. Data beginning1970 reflect results of the 1980 census of population.

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).


TABLE B-25.—Gross saving and investment, 1929-84


Year orquarter

Gross saving

Total

Gross private saving

Total Personalsaving

Grossbusinesssaving >

Government surplus ordeficit ( - ) , national income

and product accounts

Total FederalStateandlocal

Capitalgrants

receivedby theUnitedStates(net)«

Gross investment

Total

Grossprivate

domesticinvest-ment

Netforeigninvest-ment3

Statis-tical

discrep-ancy

19291933193919401941194219431944194519461947194819491950195119521953 ....1954!195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984 P.

1982:\\zzrinIV

1983:

III....IV.. . .

1 9 8 4 :I

IIIIV P

15.9.9

13.518.610.75.42.45.2

35.141.749.835.650.756.951.049.850.967.575.975.262.678.381.178.786.793.6

104.0120.2127.3125.7136.0153.6

148.9161.6186.6235.5227.8218.9257.9309,1374.8422.7

405.9484.3408.8437.2551.0

447.0445.4397.9344.8

393.4414.7455.2485.7

543.9551.0556.4

14.92.2

11.014.222.442.049.654.344.729.627.341.439.042.750.854.856.758.164.470.774.375.379.978.083.090.592.9

106.3119.7128.6139.9142.0143.6158.6180.3189.2227.7234.5282.7294.4326.9374.0407.3435.4509.9524.0571.7

520.8523.0528.3524.0

545.1538.1588.6615.0

651.3660.2689.4

3.3- . 92.2

3.410.327.232.936.628.713.75.2

11.17.5

11.916.117.418.517.016.421.322.323.621.119.723.023.321.929.633.736.044.341.940.655.860,752.679.085.194.382.578.089.496.7

110.2137.4136.0118.1156.9

142.6136.7134.5130.2

128.096.7

119.0128.7

152.5144.8164.1166.2

11.63.18.8

10.812.114.816.717.616.015.922.130.231.530.734.837.438.241.147.949.452.051.758.758.360.067.271.076.786.092.795.6

100.0103.0102.8119.7136.6148.7149.4188.4211.9248.9284.6310.6325.2372.6388.0453.6518.4

378.2386.3393.8393.9

417.1441.4469.7486.4

498.8515.3525.3

1.0- 1 . 4- 2 . 2

- . 7- 3 . 8

- 3 1 . 4- 4 4 . 1-51 .8- 3 9 . 5

5.414.48.4

=3.48.06.1

- 3 . 8- 6 . 9- 7 . 1

3.15.2

.9-12 .6- 1 . 6

3.1- 4 . 3- 3 . 8

-Z.Z

-U-14.2

-6 .09.9

- 1 0 . 6-19 .4

- 3 . 37.8

-4.7- 6 3 . 8-36 .5- 1 7 . 8

.814.3

-30 .7-26 .7

-115.3-134 .5-124 .4

-73 .8-77 .6

-130 .4-179 .2

-151.7-123 .4-133 .5-129 .3

-=107.4-109.2-133 .0

1.2- 1 . 3- 2 . 2- 1 . 3=5.1

-33.1-46.6-54.5-42 .1

3.513.48.3

-2 .6

9.26.5

- 3 . 7- 7 . 1- 6 . 0

4.46.12.3

- 1 0 . 3- 1 . 1

3.0- 3 . 9- 4 . 2

.3- 3 . 3

.5- 1 . 8

- 1 3 . 2- 6 . 0

8.4- 1 2 . 4-22 .0= 16.8

- 5 . 6-11 .5»69.3-53 .1-45 .9-29 .5-16 .1-61 .2- 6 4 . 3

-148.2-178.6-176.4

-106.3-112.0- 1 6 3 7-210.6

-185.7-167.3-180.9-180.5

=-161.3-163.7= 180.6

=0.21

.61.31.82.52.72.61.91.0

- 7- 1 . 2

- . 4- . 0

.1- 1 . 1- 1 . 3

- . 9- 1 . 4- 2 . 4

- . 4' .1

- . 4

1.0- . 0

- 1 . 1.1

1.51.92.6

13.513.46.85.5

16.628.030.330.430.637.632.944.152.0

32.534.433.331.5

34.143.947.451.2

53.954.547.6

0.9

7.0

-2 .0.0.0.0.0

1.11.21.1

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

17.01.6

10.314719.29.83.75.29.3

35.643.248.336.252.060.152752.152.968.873.874.062.877.078778.688.895.3

104.2119.01287125.4133.9149.7147.4165.7189.9236.3231.5224.4263.0310.4372.3421.2408.2490.0408.3437.7542.8

4387442.2397.0355.3

400.9418.7450.3480.9

546.1542.0543.4539.6

16.21.49.3

13.117.99.95.87.2

10.630.734.045.935.353.859.252,153.352768.471.069.261.978.175.974,885.490.997.4

113.5125.7122.8133.3149.3144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0401.9484.2414.9471.6637.3

436.2431.2415.9376.2

405.0449.6491.9540.0

623.8627.0662.8635.5

0.8

i!o1.51.3

- 2 . 0- 1 . 3

4.99.32.4

.9- 1 . 8

.9

.6-1 .3

.2

.4Z.Z4.8

.9- 1 . 2

2.83.83.44.46.85.43.02.6

.6

.43.2

- . 7=5.1

6.52.9

18.35.1

= 13.6= 14.3

- 1 . 86.35.8

=6.6-33 .9-94,5

2.511.1

-18 .9-20 .9

- 4 . 1=30.9-41 .5-59 .1

-77 .7=85.0= 119.4-95 .8

1.1.7

1.41.1

.6- . 8

- 1 . 82.74.1

.51.5

- 1 . 6.6

1.33.21.72.32.01.3

- 2 . 1- 1 . 2

- L 3=2.4

l ! l17

- L 21.4

«-- 3- 2 l l- 3 , 9- 1 . 5

4.13.3

.8375.55.11.4

= 2.6- 1 . 5

2.35.6

8!2

= 8.3- 3 . 1

- . 910.5

7.54.1

=4.8=4.8

2.2- 9 , 0

= 13.0

1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporate capitalconsumption allowances with capital consumption adjustment, and private wage accruals less disbursements.

2 Allocations of special drawing rights (SDRs), except as noted in footnote 4.3 Net exports of goods and services less net transfers to foreigners and interest paid by government to foreigners plus capital grants

received by the United States, net.4 In February 1974, the U.S. Government paid to India $2,010 million in rupees under provisions of the Agricultural Trade

Development and Assistance Act. This transaction is being treated as capital grants paid to foreigners, i.e., a - $ 2 . 0 billion entry incapital grants received by the United States, net



TABLE B-26.—Saving by individuals, 1946-84l


Year orquarter

1946194719481949

1950195119521953195419551956195719581959

196019611962.".".'"..'.1963196419651966196719681959

1970197119721973197411975...1976...1977...1978...1979...

1980...1981...1982...1983

1982:

IIIllIV

1983:

iiIllIV

1984:1II . .Ill

Total

24.620.124.320.9

30.634.731.332.528.234.137 236 534.138.0

36.735 942.046.756.865.072.476.980.071,4

86.295.4

10881334127.2151.7163.0166.5187.8200.3

234.7273.9296.3300.3

2919263.9309.8319.5

338.9295.0250.9316.5

318.3383.3326.6

Total

18.813.29.19.9

13.719.123.222.822.228.030.228631.637.4

32.135440.146.655.758.857.569.775.065.0

81.3101.913111503147!2174.4210.3235.7269.7293.9

326.3350.0369.8450.1

329 0351.9381.7416.4

427.8450.5410.5511.7

412.9571.9460.2

Check-able

depos-its

andcur-rency

5.6.1

- 2 . 9- 2 . 0

2.64.61.61.02.21.21.8

— 43.81.0

1.09

- 1 . 24.25.37.62.49.9

11.1—2.5

8.912.313 714.17.36.9

15.719.922.521.5

10.235.516.539.9

7.2.8

20.737.2

67.765.49.8

16.6

38.538.6

- 4 . 3

Timeandsav-ingsde-

posits

6.33.42.22.6

2.44.77.88.19.18.69.4

11913.911.0

12.018 326.126.226.127.819.035.331.19.1

43.667.774 262.651.184.2

106.2108.2102.174.4

126.566.7

119.2198.5

99.692.3

101.6183.2

251.9158.4199.4184.1

166.5248.5257.4

Increase

Moneymarketfund

shares

2.41.3

-.0.2

6.934.4

29.2107.524.7

- 4 4 . 1

38 240.588.1

-68 .1

-105 .2-62 .7

- 6 . 5- 1 . 8

44.915.420.5

in financial assei

Govern-ment

securi-ties 2

- 1 . 51.61.31.8

_ 1-'.&2.52.51.05.83.92.3

- 2 . 510.1

2.21.41.3.6

4.83.7

11.3- 1 . 2

5.225.9

- 5 . 4- 1 2 . 2

722.125.617.78.3

17.024.845.8

20.434.744.391.7

55.942.18.2

71.0

84.2145.866.769.9

97.2152.5135,3

Securities

Corpo-rateequi-ties3

1.11.11.0.7

.71.81.61.0

.81.02.01.51.5

.5

- .63

- 2 . 1- 2 . 6

- .2- 2 . 1

-.7- 4 . 7- 7 . 5

28

- 1 . 7- 5 . 5- 5 . 4- 6 . 2— 9

- 4 7- 5 . 0- 4 . 0- 5 . 2

- 1 8 . 3

- 8 . 0- 3 0 . 0

- 7 . 84.8

.418.9

- 2 3 . 3- 2 7 . 3

- 1 . 63.5

-13 .230.5

- 3 6 . 8- 4 4 . 4-42 .1

s

Othersecuri-ties*

- 0 . 9- .8

.0- .4

-.7.3.0.3

- .9.8

1.21.01.1

- .3

2.4.1.1

1.4.4

1.32.45.27.9

10.0

6.96.5248.63.6

.36.03.71.85.2

- 6 . 5- 1 5 . 4- 1 3 . 2

- 4 . 7

-24 .2-16 .2- 1 5 . 0

2.5

- 9 . 4- 2 9 . 9

- 8 . 929.2

- 1 7 . 410.3

- 5 . 7

Insur-anceand

pensionre-

serves5

5.35.45.35.6

6.96.37.77.97.88.59.59.5

10.411.9

11.512.112.713.916.116.919.218.619.821.5

23.927.434 338.847.054.960.171.886.795.0

116.2117.1150.1154.0

128.5135.0159.8177.2

147.5157.7151.2159.6

104.6121.278.1

Otherfinan-cialas-

sets '

2.82.42.21.6

1.91.92.02.12.12.12.52.83.53.3

3.64.33.22.93.23.74.06.67.63.9

5.25.6

11.210.311.113.819.218.930.236.0

38.333.936.010.1

23.238.641.540.7

- 7 . 412.311.923.6

15.429.820.9

Net investment in7

Owner-occu-pied

homes

3.66.79.18.4

11.811.711.312.312.716.715.613.212.316.3

14.812.713.514.315.014.513.511.715.716.3

13.620.728.031.025.224.239.254.467.068.2

56.247.624.154.9

23.724.121.627.0

36.549.963.769.7

71.175.876.3

Con-sumerdura-bles

6.19.09.8

10.6

14 811.38.6

10.17.1

12.28.5773.67.3

7.0438.5

11.815.020.223.121.127.026,3

20.026.634 640 428.426.540.049.656.752.5

32.839.135.561.5

34.532.832.941.8

44.860.265.175.9

83.089.482.7

Non-cor-

poratebusi-nessas-

sets8

2.31.86.91.8

684.52.31.01.92.91.2272.65.0

3.6477.59.89.2

13.310.810.210.012.7

11.517.520626.610.65.0

.213.122.026.0

- .324.111.9

.3

15.018.610.83.4

1.7- 1 . 9- 6 . 9

8.5

29.417.123.9

Less: Net incdebt

Mort-gagedebton

non-farm

homes

3.64.74.64.4

676.66.27.687

12.211.2899.5

12.8

11.712 214.116.217.517.013.812.516.918.6

14.126.241446538.040.661.490.8

111.5121.2

98.378.751.6

103.2

63.745.240.956.7

58.991.2

126.6136.0

119.2139.1132.6

Con-sumercredit

3.13.73.23.2

481.65.34.21.57.23929

.58.0

4.4256.38.99.8

10.66.557

11.510.8

5.414.719 824 39.99.6

25.440.248.845.4

6.326721.051.3

4.336.914.128.6

26.545.348.784.6

78.5124.287.5

rease in

Otherdebt* »

- 0 . 42.22.82.2

5037271.95.56.4323 j6i07.2

4.9657.2

10.710.814.312.217.619.219.4

20730.344 244236.328.339.955.367.373.7

75781.572.5

112.1

42 481.382.383.8

86.5127.2106.1128.8

80.4107.596.3

1 Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.2 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and sponsored agency securities,mortgage pool securities, and State and local obligations.

3 Includes mutual fund shares.* Corporate and foreign bonds and open market paper.5 Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and pension reserves.• Consists of security credit, mortgages, accident and health insurance reserves, and nonlife insurance claims for households and of

consumer credit, equity in sponsored agencies, and nonlife insurance claims for noncorporate business.7 Purchases of physical assets less depreciation.6 Includes data for corporate farms.9 Other debt consists of security credit, policy loans, and noncorporate business debt.Source: Board of Governors of the Federal Reserve System.


TABLE B-27.—Number and median income (in 1983 dollars) of families and persons, and poverty status,

by race, selected years, 1947-83

Year

Families »

Medianincome

Below poverty level

Total

Dum-ber

(mil-lions)

Rate

Femalehouseholder

Num-ber

(mil-lions)

Personsbelow

poverty level

Num-ber

(mil-lions)

Rate

Median income of persons 14 years oldand over with income *

Males

Allpersons

Year-round

full-timeworkers

Females

Allper-sons

Year-roundfull-timework-

ers

ALL RACES

19471950

48.549.250.150.851.6

56.256.757.257.859.6

60.361.061.462.0

46.547.648.548.949.4

49.950.150.550.952.2

52.753.353.453.9

$13,51913,736

16,43818,90719,10019,61720,33521,100

21,96823,12323,67224,72025,636

25,31725,30126,47327,01726,066

25,39626,17926,32026,93926,885

25,41824,52524,18724,580

26,26326,25327,50428,23727,08826,41227,19227,52228,05028,054

26,48425,76225,39425.757

16,11115,84316,34716,29716,175

16,25116,17515,72216,61415,886

15,32414,53214.03514,506

8.28.48.17.67.2

6.75.85.75.05.05.35.35.14.84.9

5.55.35.35.35.56.26.97.57.6

3.73.83.43.23.4

3.83.63.53.53.6

4.24.75.15.2

1.51.51.51.51.5

1.51.61.61.61.7

1.82.02.22.2

18.118.117.215.915.0

13.911.811.410.09.7

10.110.09.38.88.8

9.79.49.39.19.2

10.311.212.212.3

29.528.829.028.126.9

27.127.928.227.527.8

28.930.833.032.4

2.02.02.02.01.8

1.91.71.81.81.8

2.02.12.22.22.3

2.42.52.62.72.6

3.03.33.43.6

1.11.21.11.21.3

1,41.41.41.41.4

1.61.81.81.9

.91.01.01.0

1.01.11.21.21.2

1.31.41.51.5

42.442.142.940.436.4

38.433.133.332.332.7

32.533.932.732.232.1

32.533.031.731.430.4

32.734.636.336.0

25.026.524.324.524.8

25.925.224.023.522.325.727.427.928.3

54.353.553.352.752.2

50.152.251.050.649.4

49.452.956.253.8

39.939.638.636.436.1

33.228.527.825.424.1

25.425.624.523.023.425.925.024,724.526.1

29.331.834.435.3

17.517.816.215.115.7

17.816.716.416.317.2

19.721.623.524.0

22.221.921.019.519.0

17.314.714.212.812.1

12.612.5U.911.111.2

12.311.811.611.411.7

13.014.015.015.2

9.99.99.08.48.6

9.79.18.98,79.0

10.211.112.012.1

33.532.533.331.430.3

31.331.131.330.631.0

32.534.235.635.7

$9,94510,636

12,49313,72713,95214,40014,67814,926

15,86116,28916,57017,12517,472

17,11416,98117,74218,06117,076

16,38816,49716,64316,69916,168

15,15014,75914,39914,631

17,98917,80318,60918,95117,888

17,21517,39117,43217,49016,890

16,11515,66115,22215,401

10,62510,51411,20711,46311,083

10,29210,47110,34510,47810,631

9,6849,3129,1228,967

$15,78118,28218,86019,19019,75220,184

20,83421,35221,75022,37723,557

23,56423,69225,09625,71024,571

23,94224,25524,77624,52923,991

23,18222,66722,35222,508

24,23924,35926,00126,45525,050

24,49624,97825,28324,98424,685

23,84323,19922,94723,114

16,51116,65717,55917,83017,946

18,23017,89017,43119,13517,790

16,77616,41416,29816,410

$4,5353,944

4,1674,2434,2614,4204,4654,654

4,8025,0305,3745,7825,7945,7405,9246,1906,2686,227

6,2666,2596,4796,2125,974

5,9495,9796,0766,319

5,8146,0226,2306,3296,297

6,3316,3116,5786,2876,030

5,9816,0466,1596,421

5,2935,2775,82057125,685

5,7515,9475,6805,6615,488

5,5385,3715,4325,543

$10,17711,08711,12811,38711,57111,918

12,05112,36012,52713,08213,798

13,95814,02514,41514,54614,494

14,28914,54714,49114,72314,455

14,01413,64614,10314,479

14,20414,18714,69914,79214,617

14,32214,65914,58314,86214,581

14,15013,87414,29214,677

11,63812,52612,57412,54413,490

13,68313,70513,62913,77513,36113,19712,53012,77413,000

, or adoption and residing together; all suchr concept and restricted to primary families.

1 The term "family" refers to a croup of two or more persons related by blood, marriapersons are considered members of the same family. Beginning 1979, based on househol

'Beginning 1979, data are for persons 15 years and over.3 Based on revised methodology; comparable with succeeding years.4 Based on 1980 census popuTation controls; comparable with succeeding years.

Note.—The poverty level Is based on the poverty index adopted by a Federal interagency committee in 1969. That index reflecteddifferent consumption requirements for families based on size and composition, sex and age of family householder, and farm-nonfarmresidence. Minor revisions implemented in 1981 eliminated variations in the poverty thresholds based on two of these variables, farm-nonfarm residence and sex of householder. The poverty thresholds are updated every year to reflect changes in the consumer price'index. For further details see "Current Population Reports," Series P-60, No. 147.

Source: Department of Commerce, Bureau of the Census.


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

TABLE B-28.—Population by age groups, 1929-84

[Thousands of persons]

July 1 TotalAge (years)

Under 5 5-15 16-19 20-24 25-44 45-64 65 andover

1929

1933

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

I960....1961196219631964....

196519661967....1968....1969....1970....1971....1972....1973....1974....

1975....1976....1977....1978....1979....

1980....1981....1982....1983....1984....

121,767

125,579

130,880

132,122133,402134,860136,739138,397

139,928141,389144,126146,631149,188

152,271154,878157,553160,184163,026

165,931168,903171,984174,882177,830

180,671183,691186,538189,242191,889

194,303196,560198,712200,706202,677

205,052207,661209,896211,909213,854

215,973218,035220,239222,585225,055

227,738230,019232,309234,496236,634

11,734

10,612

10,418

10,57910,85011,30112,01612,524

12,97913,24414,40614,91915,607

16,41017,33317,31217,63818,057

18,56619,00319,49419,88720,175

20,34120,52220,46920,34220,165

19,82419,20818,56317,91317,376

17,16617,24417,10116,85116,487

16,12115,61715,56415,73516,063

16,45916,94917,37717,826

26,800

26,897

25,179

24,81124,51624,23124,09323,949

23,90724,10324,46825,20925,852

26,72127,27928,89430,22731,480

32,68233,99435,27236,44537,368

38,49439,76541,20541,62642,297

42,93843,70244,24444,62244,840

44,81644,59144,20343,58242,989

42,50842,09941,29840,42839,552

38,82338,07237,65337,323

9,127

9,302

9,822

9,8959,8409,7309,6079,561

9,3619,1199,0978,9528,788

8,5428,4468,4148,4608,637

8,7448,9169,1959,543

10,215

10,68311,02511,18012,00712,736

13,51614,31114,20014,45214,800

15,28915,68816,03916,44616,769

17,01717,19417,27617,28817,242

17,13916,69616,22315,649

10,694

11,152;

11,519

11,69011,80711,95512,06412,062

12,036i12,00411,81411,79411,700

11,68011,552'11,35011,06210,832

10,71410,61610,60310,75610,969

11,13411,48311,95912,714.13,269

13,74614,05015,24815,78616,480

17,20218,15918,15318,52118,975

19,52719,98620,49920,94621,297

21,62021,97721,98021,925

35,862

37,319

39,354

45,67246,10346,49546,78647,001

47,19447,37947,44047,33747,192

47,14047,08447,01346,99446,958

46,91247,00147,19447,72148,064

48,47348,93650,48251,74953,051

54,30255,85257,56159,40061,379

63,48665,56967,73769,826

21,076

22,933

25,823

39,86840,38340,86141,42042,016

42,52143,02743,65744,28844,916

26,24926,71827,19627,67128,138

28,63029,06429,49829,93130,405

30,84931,36231,88432,39432,942

33,50634,05734,59135,10935,663

36,20336,72237,25537,78238,338

38,91639,53440,19340,84641,437

41,99942,48242,89843,23543,522

43,80144,00844,15044,28644,390

44,49944,49844,51144,561

6,474

7,363

8,764

9,0319,2889,5849,86710,147

10,49410,82811,18511,53811,921

12,39712,80313,20313,61714,076

14,52514,93815,38815,80616,248

16,67517,08917,45717,77818,127

18,45118,75519,07119,36519,680

20,10720,56121,02021,52522,061

22,69623,27823,89224,50225,134

25,71326,25626,82627,384

Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.



TABLE B-29.—Population and the labor force, 1929-84

[Monthly data seasonally adjusted, except as noted]

Period

1929

1933

1939

1940.,1941...194219431944..

1945..19461947

1947..19481949..

1950..195119521953*. . .1954

195519561957...19581959

1960*.1961,.1962*

38» = :1967...19681969197019711972"1973*1974

1975197619771978*1979... .

1980...198119821983...1984...

Civiliannoninsti-tutionalpopula-tion1

Resi-dent

ArmedForces l

Laborforce

includ-ing.resi-dent

ArmedForces

Employ-ment

includingresidentArmedForces

Civilian labor force

Total

Employment

Total Agri-cultural

Nonagri-cultural

Unemploy-ment

Thousands of persons 14 years of age and over

99,84099,90098,64094,64093,220

94,090103,070106,018

49,180

51,590

55,230

55,64055,91056,41055,54054,630

53,86057,52060,168

47,630

38,760

45,750

47,52050,35053,75054,47053,960

52 82055,25057,812

10,450

10,090

9,610

9,5409,1009,2509,0808,950

8,5808,3208,256

37,180

28,670

36,140

37,98041,25044,50045,39045,010

44,24046,93049,557

1,550

12,830

9,480

8,1205,5602,6601,070

670

1,0402,2702,356


101,827103,068103,994

104,995104,621105,231107,056108,321

109,683110,954112,265113,727115,329

117,245118,771120,153122,416124,485

126,513128,058129,874132,028134,335

137,085140,216144,126147,096150,120

153,153156,150159,033161,910164,863

167,745170,130172,^71174215

1,1692,1432,38622312,142

2,0641,9651,9481,8471,788

1,8611,9002,0612,0062,018

1,9462,1222,2182,2532,238

2,1181,9731,813lf7741,721

1,6781,6681,6561,6311,597

1,6041,6451,6681,6761,697

63,37764,16064,52465,24665,785

67,08768,51768,87769,48670,157

71,48972,35972,67573,83975,109

76,40177,89279,56580,99082,972

84,88986,35588,84791,20393,670

95,45397,826

100,665103,882106,559

108,544110,315111,872[13,226115,241

60,08762,10462,63663,41062,251

64,23465,76466,01964,88366,418

67,63967,64668,76369,76871,323

73,03475,01776,59078,17380,140

80,79681,34083,96686,83888,515

87,52490/42093,67397,679

100,421

100,907102,042101,194102,510106,702

59,35060,62161,286

62,20862,01762,13863,01563,643

65,02366,55266,92967,63968,369

69,62870,45970,61471,83373,091

74,45575,77077,34778,73780,734

82,77184,38287,03489,42991,949

93,77596,15899,009

102,251104,962

106,940108,670110,204111,550113,544

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275,92077,902

78,67879,36782,15385,06486,794

85,84688,75292,01796,04898,824

99,303100,39799,526

100,834105,005

7,8907,6297,658

7,1606,7266,5006,2606,205

6,4506,2835,9475,5865,565

5,4585,2004,9444,6874,523

4,3613,9793,8443,8173,606

3,4633,3943,4843,4703,515

3,4083,3313,2833,3873,347

3,3643,3683,4013,3833321

49,14850,71449,993

51,75853,23553,74954,91953,904

55,72257,51458,12357,45059,065

60,31860,54661,75963,07664,782

66,72668,91570,52772,10374,296

75,21575,97278,66981,59483,279

82,43885,42188,73492,66195,477

95,93897,03096,12597,450

101,685

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,88243655,156

7,9297,4066,9916,2026,137

7,6378,273

10,67810,7178,539

Unemploy-ment rate

Allwork-ers*

Civil-ian

work-ers

labor forceparticipation

rate

Total* Civil-ian4

Percent

,.,.,

z:z

5.23.22.92.85.4

4.34.04.26.65.3

5.46.55.45.55.0

4.43.73.73.53.4

4.85.85.54.85.5

8.37.66.96.05.8

7.07.59.59,57.4

3.2

24.9

17.2

14.69.94.71.91.2

1.9393.9

3.93,85,9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55J5.2

4.53.83.83.63.5

4.95.95.64.95.6

8.57.77.16.15.8

7.17.69.79.67.5

•••

59.760.160.059.759.6

60.060.760.360.159.9

60.060.059.559.359.4

59.559.860.260.360.8

61.060.760.961.361.7

61.662.062.663.564.0

64.164.264.364.464.7

55.756.057.258.758.6

57.255.856.8

58.358.858.9

59.259.259.058.958.8

59.360.059.659.559.3

59.459.358.858.758.7

58.959.259.659.660.1

60.460.260.460.861.3

61261.662.363.263.7

63.863.964.064.064.4



TABLE B-29.—Population and the labor force, 1929-84—Continued

[Monthly data seasonally adjusted, except as noted]

Period

1982:Jan....Feb....Mar...

JfcJune..July...Aug...Sept..Oct....NovDec

1983:JanFebMar...

feJune..July...Aug...SeptOct....NovDec .

1984:JanFeb,MarApr,,,May...June..

July...Aug...Sept..Oct....Nov...Dec...

Civiliannoninsti-tutionalpopula-tion1

Resi-dent

ArmedForces1

Laborforce

includ-ingresi-dent

ArmedForces

Employ-ment

includingresidentArmedForces

Civilian labor force

Total

Employment

Total culturalNonagri-cultural

Unemploy-ment


171,335171,489171,667171,844172,026172,190

172,364172,511172,690172,881173,058173,199

173,354173,505173,656173,794173,953174,125

174,306174,440174,602174,779174,951175,121

175,533175,679175,824175,969176,123176,284

176,440176,583176,763176,956177.135177,306

1,6561,6641,6711,6681,6651,664

1,6741,6891,6701,6681,6601,665

1,6671,6641,6641,6711,6691,668

1,6641,6821,6951,6951,6851,688

1,6861,6841,6861,6931,6901,690

1,6981,7121,7201,7051,6991,698

110,777111,165111,320111,519112,179111,654

111,996112,211112,373112,395112,657112,618

112,413112,364112,397112,577112,561113,385

113,371113,866113,959113,609113,835113,925

114,006114,408114,592114,895115,412115,309

115,566115,341115,484115,721115,773116,162

101,393101,449101,409101,252101,753101,099

101,145101,325101,157100,870100,758100,727

100,900100,808100,967101,261101,303102,112

102,837103,271103,678103,737104,387104,717

104,980105,572105,809106,095106,852107,081

107,075106,860107,114107,354107,631107,971

109,121109,501109,649109,851110,514109,990

110,322110,522110,703110,727110,997110,953

110,746110,700110,733110,906110,892111,717

111,707112,184112,264111,914112,150112,237

112,320112,724112,906113,202113,722113,619

113,868113,629113,764114,016114,074114,464

99,73799,78599,73899,584

100,08899,435

99,47199,63699,48799,20299,09899,062

99,23399,14499,30399,59099,634

100,444

101,173101,589101,983102,042102,702103,029

103,294103,888104,123104,402105,162105,391

105,377105,148105,394105,649105,932106,273

3,3933,3713,3923,3673,4363,327

3,4053,4083,3653,4773,4833,412

3,4413,3883,4063,3813,3523,457

3,4823,4883,3083,2843,2493,329

3,2943,3643,3053,3793,3673,368

3,3333,2643,3193,1693.3343,385

96,34496,41496,34696,21796,65296,108

96,06696,22896,12295,72595,61595,650

95,79295,75695,89796,20996,28296,987

97,69198,10198,67598,75899,45399,700

100,000100,524100,818101,023101,795102,023

102,044101,884102,075102,480102,598102,888

9,3849,7169,911

10,26710,42610,555

10,85110,88611,21611,52511,89911,891

11,51311,55611,43011,31611,25811,273

10,53410,59510,2819,8729,4489,208

9,0268,8368,7838,8008,5608,228

8,4918,4818,3708,3678,1428,191

Unemploy-ment rate

Allwork-ers 2

Civil-ian

work-ers

Labor forceparticipation

rate

Total =• Civil-ian4

Percent

8.58.78.99.29.39.5

9.79.7

10.010.310.610.6

10.210.310.210.110.09.9

9.39.39.08.78.38.1

7.97.77.77.77.47.1

7.37.47.27.27.07.1

8.68.99.09.39.49.6

9.89.8

10.110,410.710.7

10.410.410.310.210.210.1

9.49.49.28.88.48.2

8.07.87.87.87.57.2

7.57.57.47.37.17.2

64.064.264.264.364.664.2

64.464.464.464.464.564.4

64.264.164.164.264.164.5

64.464.764.664.464.464.4

64.364.564.664.764.964.8

64.964.764.764.864.764.9

63.763.963.963.964.263.9

64.064.164.164.064.164.1

63.963.863.863.863.764.2

64.164.364.364.064.164.1

64.064.264.264.364.664.5

64.564.364.464.464.464.6

1 Not seasonally adjusted.2 Unemployed as percent of labor force including resident Armed Forces.3 Labor force including resident Armed Forces as percent of noninstitutional population including resident Armed Forces.4 Civilian labor force as percent of civilian noninstitutional population.6 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 censusdata added about 600,000 to population and about 350,000 to labor force, total employment, and agricultural employment. Beginning1960, inclusion of Alaska and Hawaii added about 500,000 to population, about 300,000 to labor force, and about 240,000 tononagricultural employment. Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force andemployment by about 200,000. Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutionalpopulation and about 333,000 to labor force and employment. A subsequent adjustment based on 1970 census in March 1973 added60,000 to labor force and to employment. Beginning 1978, changes in sampling and estimation procedures introduced into thehousehold survey added about 250,000 to labor force and to employment, unemployment levels and rates were not significantlyaffected.

Note.—Labor force data in Tables B-29 through B-35 are based on household interviews and relate to the calendar week includingthe 12th of the month. For definitions of terms, area samples used, historical comparability of the data, comparability with other series,etc., see "Employment and Earnings."

Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-30.—Civilian employment and unemployment by sex and age, 1947-84

[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]

Year ormonth

Civilian employment

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Unemployment

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

194719481949

1950195119521953'..,1954

19551956195719581959

I9601...196119621...19631964

19651966196719681969

197019711972»...1973«...1974

19751976197719781...1979

19801981198219831984

1983:

Jan....

Mar....

AprMay...,June..,July....Aug....

SfcNov....Dec....

1984:JanFebMar....

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275,92077,902

78,67879,36782,15385,06486,794

85,84688,75292,01796,04898,824

99,303100,39799,526

100,834105,005

99,23399,14499,303

[00,444101,173101,589.01,983.02,042.02,702.03,029

,03,294

May...June..July...Aug...Sept..Oct....Nov...Dec....

104,123104,402:05,162105,39105,377.05,148,05,394105,649105,932.06,273

40,99541,72540,925

41,57841,78041,68242,43041,619

42,62143,37943,35742,42343,466

43,90443,65644,17744,65745,474

46,34046,91947,47948,11448,818

48,99049,39050,89652,34953,024

51,85753,13854,72856,47957,60757,18657,39756,27156,78759,091

55,84655,75455,87656,03356,15956,71057,10557,15657,29957,43457,88058,071

58,30158,57358,72058,74159,03359,21359,13659,20359,38859,46159,60359,702

2,2182,3442,124

2,1862,1562,1072,1361,985

2,0952,16421152,0122,198

2,3612,3152,3622,4062,587

2,9183,2533,1863,255& 3 0

3,4093,4783,7654,0394,1033,8393,9474,1744,3364,3004,0853,8153]3793,3003,322

3,3343,2823,2103.2223,2313,3063,3173,3213,3223,2803,3793,356

3,2893,3403,3683,3543,3703,3523,2903,2683,3133,2793,3343,330

38,77639,38238,803

39,39439,62639,57840,29639,634

40,52641,21641,23940,41141,267

41,54341,34241,81542,25142,886

43,42243,66844,29444,85945,388

45,58145,91247,13048,31048,92248,01849,19050,55552,14353,30853,10153,58252,89153,48755,769

52,51252,47252,66652,81152,92853,40453,78853,83553,97754,15454,50154,715

55,01255,23355,35255,38755,66355,86155,84655,93556,07556,18256,26956,372

16,04516,61716,723

17,34018,18118,56818,74918,490

19,55120,41920,71420,61321,164

21,87422,09022,52523,10523,831

24,74825,97626,89327,80729,084

29,68829,97631,25732,71533,76933,98935,61537,28939,56941,21742,11743,00043,25644,04745,915

43,38743,39043,427

43)73444,06844,43344,68444,60844,82244,958

44,99345,31545,40345,66146,12946,17846,24145,94546,00646,18846,32946,571

1,6911,6821,588

1,5171,6111,6121,5841,490

1,5471,6541,6631,5701,640

1,7681,7931,8331,8491,929

2,1182,4682,4962,5262,687

2,7352,7302,9803,2313,3453,2633,3893,5143,7343,7833,6253,4113,1703,0433,122

3,1033,0583,0463,0132,9773,0253,0163,1293,0522,9863,0253,086

3,1533,1373,0693,1373,1263,1923,2403,0673,1003,0973,0773,060

14,35414,93615,137

15,82416,57016,95817,16417,000

18,00218,76719,05219,04319,524

20,10520,29620,69321,25721,903

22,63023,51024,39725,28126,397

26,95227,24628,27629,48430,424

30,72632,22633,77535,83637,434

38,49239,59040,08641,00442,793

40,28440,33240,38140,54440,49840,70941,05241,30441,63241,62241,79741,872

41,84042,17842,33442,52443,00342,98643,00142,87842,90643,09143,25243,511

2,3112,2763,637

3,2882,0551,8831,8343,532

2,85227502,8594,6023,740

3,8524 7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,273

10,67810,7178,539

11,51311,55611,43011,31611,25811,27310,53410,59510,2819,8729,4489,208

9,0268,8368,7838,8008,5608,2288,4918,4818,3708,3678,1428,191

1,6921,5592,572

2,2391,2211,1851,2022,344

1,8541,7111,8413,0982,420

2,4862,9972,4232,4722,205

1,9141,5511,5081,4191,403

2,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,744

6,6476,7836,6936,7076,6776,4766,2106,1975,9865,7395,4645,238

5,1234,9684,8894,9114,7264,5904,7254,5914,6304,5404,5024,562

270256353

318191205184310

274269300416398

426479408501487

479432448426440

599693711653757

966939874813811913962

1,0901,003812

1,0601,046

!:§10681,0241,068970938872856

850829841824817783

841755813809777803

1,4221,3052,219

1,9221,029

9801,0192,035

1,5801,4421,5412,6812,022

2,0602,5182,0161,9711,718

1,4351,1201,060

993963

1,6382,0971,9481,6241,9573,4763,0982,7942,3282,3083,3533,6155,0895,2573,932

5,5875,7375,6205,6695,6575,4085,1865,1295,0164,8014,5924,382

4,2734,1394,0484,0873,9093,8073,8843,8363,8173,7313,7253,759

619717

1,065

1,049834698632

1,188

9981,0391,0181,5041,320

1,3661,7171,4881,5981,581

1,4521,3241,4681,39711429

1,8552,2272,2222,0892,4413,4863,3693,3243,0613,0183,3703,6964,4994,4573,794

4,8664,7734,7374,6094,5814,7974,3244,3984,29541333,9843,970

3,9033,8683,8943,8893,8343,6383,7663,8903,7403,8273,6403,629

144153223

195145140123191

176209197262256

286349313383385

395405391412413

506568598583665

802780789769743

755800886825687

876823842858831936

843831782774759743

712733746728707666

636676696654613677

475564841

854689559510997

823832821

1,2421,063

1,0801,3681,1751,2161,195

1,056921

1,078985

1,015

1,3491,6581,6251,5071,7772,6842,5882,5352,2922,2762,6152,8953,6133,6323,107

3,9903,9503,8953,7513,7503,8613,4813,5673,5133,3593,2253,227

3,1913,1353,1483,1613,1272,9723,1303,2143,0443,1733,0272,952

> See footnote 5, Table B-29.Note.-See Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

268


TABLE B-31-—Unemployment by duration and reason, 1947-84

[Monthly data seasonally adjusted1]

Year or month

Totalunem-Ploy-

Duration of

Lessthan 5weeks

5-14 15-2627

weeksand

Aver-age

(mean)dura-

tion inweeks

Mediandura-

tion inweeks

Reason for unemployment

Joblosers

Jobleavers

Reen-trants

Newen-

trants

Thousands of persons 16years of age and over

Thousands of persons 16years of age and over

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1983:JanFeb....Mar....

fc:June...July....Aug....Sept...Oct.....Nov....Dec...

1984:JanFeb....Mar....

fc:June...July....Aug....Sept...OctNov....Dec...

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,273

10,67810.7178,539

11,51311,55611,43011,31611,25811,273

10,53410,59510,2819,8729,4489,208

9,0268,8368,7838,8008,5608,228

8,4918,4818,3708,3678,1428,191

1,2101,3001,756

1,4501,1771,1351,1421,605

1,3351,4121,4081,7531,585

1,7191,8061,6631,7511,697

1,6281,5731,6341,5941,629

2,1392,2452,2422,2242,604

2,9402,8442,9192,8652,950

3,2953,4493,8833,5703,350

3,6543,7373,5253,5663,6013,681

3,4753,5883,7513,4653,3153,393

3,2983,3593,3783,4073,2753,229

3,4093,5133,3133,3953,3523,282

704669

1,194

1,055574516482

1,116

815805891

1,3961,114

1,1761,3761,1341,2311,117

983779893810827

1,2901,5851,4721,3141,597

2,4842,1962,1321,9231,946

2,4702,5393,3112,9372,451

3,3073,1673,1493,1293,0162]952

2,8033,0212,7832,7432,6322,499

2,5292,4822,5142,4852,4402,303

2,4492,4062,5332,4062,3242,516

234193428

425166148132495

366301321785469

503728534535491

404287271256242

428668601483574

1,3031,018913766706

1,0521,1221,7081,6521,104

1,9821,9351,8791,6761,7541,590

1,7761,5691,4151,3701,3391,276

1,1941,1721,1221,1021,1731,012

1,0881,1161,1061,092990972

164116256

3571378478317

336232239667571

454804585553482

351239177156133

235519566343381

2,5922,5202,4802,2872,1842,075

2,0071,8301,7721,7401,6601,618

1,5841,5051,4991,4351,4381,402

8.610.0

12.19.78.48.0

11.8

13.011.310.513.914.4

12.815.614.714.013.3

11.810.48.78.47.8

11.312.010.09.8

1,2031,3481,028

648535

8201,1621,7762.5591,634

2,6352,7112,7432,7022,7302,910

14.215.814.311.910.8

11.913.715.620.018.2

19.019.219.319.320.320.8

21.320.220.420.320.119.6

19.919.018.918.718.518.1

18.017.617.316.717.417.3

4.54.4

4.96.36.25.25.2

8.48.27.05.95.4

6.56.98.7

10.17.9

11.09.9

10.510.811.511.3

10.29.69.49.59.48.9

8.98.48.48.18.37.5

7.67.67.67.37.37.4

1,2291,0701,017

1,8112,3232,1081,6942,242

4,3863,6793,1662,5852,635

3,9474,2676,2686,2584,421

6,8216,8646,8586,7726,8096,581

6,1866,1435,9195,4915,2325,039

4,8294,7394,6224,5314,3734,271

4,4754,2274,1884,2614,1414,176

438431436

550590641683768

827903909874

891923840830823

826843909826814806

740794851869

810786777792812809

850833841829869858

945909965

1,2281,4721,4561,3401,463

1,8921,9281,9631,8571,806

1,9272,1022,3842,4122,184

2,5622,5222,4602,4882,4062,457

2,4422,4582,3302,3302,2582,205

2,1992,1712,2082,3012,1841,989

2,1112,2942,2542,1502,1612,218

396407413

504630677649681

823895953885817

872981

1,1851,2161,110

1,2061,1941,1711,2361,2341,412

1,2321,2051,2381,1161,1751,170

1,1851,1021,2001,1971,1701,134

1,0921,0881,0571,0601,0241,011

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.-See footnote 5 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-32.—Civilian labor force participation rate and civilian employment/population ratio, 1948-84

[Percent; monthly data seasonally adjusted]

Year or month

Civilian labor force participation rate l

TotalBothsexes16-19

Males20

yearsand

Fe-males

20yearsandover

WhiteBlackand

otherBlack

Civilian employment/population ratio2

TotalBothsexes16-19years

Males20

yearsandover

Fe-males

20yearsandover

WhiteBlackand

otherBlack

195019511952195319541955!!19561957195819591960196119621963196419651966196719681969

197019711972197319741975. ...1976.I...."II....197719781979

19801981198219831984

1983:JanFebMarAprMayJune

JulyAugSeptOctNovDec

58.858.9

59.259.259.058.958.859.360.059.659.559.3

59.459.358.858.758.758.959.259.659.660.1

60.460.260.460.861.361.261.662.363.263.7

63.863.964.064.064.4

63.963.863.863.863764.2

64.164.364.364.064.164.1

64.064.264.264.364.664.5

64.564.364.464.464.464.6

52.552.2

51.852.251.350.248.348.950.949.647.446.7

47.547.046.245.244.545.748.248.448.349.5

49.949.751.953.754.854.054.556.057.857.9

56.755.454.153.553.9

53.953.053.052.852.554.5

53.754.953.652.853.353.5

53.453.853.954.254.354.3

54.553.054.253.753.554.1

88.688.5

88.488.488.388.087.887.687.686.986.686.3

86.085.784.884.484.283.983.683.483.182.8

82.682.181.681.381.080.379.879.779.879.8

79.479.078.778.578.3

78.278.278.278.478.478.6

78.778.678.578.478.478.3

78.378.378.378.378.378.3

78.378.378.378.378.378.3

31.832.3

33.334.034.133.934.235.436.436.536.937.0

37.638.037.838.338.939.440.141.141.642.7

43.343.343.744.445.346.047.048.149.650.6

51.352.152.753.153.7

53.053.052.952.952.753.1

52.953.353.553.353.253.3

53.153.353.553.654.153.8

54.053.953.653.953.954.0

58.258.759.459.158.958.7

58.858.858.358.258.258.458.759.259.359.9

60.260.160.460.861.461.561.862.563.363.9

64.164.364.364.364.6

64.164.164.064.064.064.5

64.464.664.664.564.564.5

64.464.564.664.764.964.8

64.864.464.664.664.664.8

64.364.264.964.464.864.3

64.564.163.263.063.162.963.062.862.262.1

61.860.960.260.560.359.659.860.462.262.2

61.761.361.662.162.6

62.262.162.362.362.062.7

62.262.162.361.461.461.6

61.561.961.962.162.662.6

62.863.162.863.363.263.2

56.655.4

56.157.357.357.1

59.960.259.858.859.059.861.561.4

61.060.861.061.562.2

61.861.661.461.661.561.9

61.961.661.760.961.061.2

61.061.961.561.762.061.9

62.462.662.262.863.063.1

55.556.757.557.155.456.0

56.155.455.555.455.756.256.957.357.558.0

57.456.657.057.857.856.156.857.959.359.9

59.259.057.857.959.5

57.257.157.257.357.357.7

58.058.258.458.458.758.8

58.859.159.259.359.759.8

59.759.559.659.759.859.9

47.745.2

45.547.946.946.442.343.545.343.939.939.9

40.539.139.437.437.338.942.142.242.243.4

42.341.343.545.946.043.344.246.148.348.5

46.644.641.541.543.7

41.541.040.540.540.541.4

41.542.442.141.442.542.9

43.043.443.343.844.044.4

44.543.243.943.744.043.9

85.883.7

84.286.186.285.983.584.384.683.881.282.3

81.980.880.980.680.981.281.581.581.381.1

79.778.578.478.677.974.875.175.676.476.5

74.674.071.871.473.2

70.670.570.770.870.871.4

71.871.871.972.072.472.5

72.772.972.972.973.273.3

73.273.373.373.473.473.4

30.730.6

31.632.633.032.932.333.834.935.034.635.1

35.735.635.836.336.937.638.639.340.041.1

41.240.941.342.242.842.343.544.846.647.7

48.148.648.448.850.1

48.348.248.248.448.348.5

48.849.049.449.349.449.5

49.349.649.849.950.450.3

50.350.150.150.250.450.6

55.256.557.356.855.355.9

55.955.355.455.355.556.056.857.257.458.0

57.556.857.458.258.356.757.558.660.060.6

60.060.058.858.960.5

58.358.158.258.358.358.8

59.159.359.459.559.860.0

59.960.260.260.460,760.7

60.760.360.560.660.660.8

58.058.759.559.356.757.5

57.956.256.356.257.057.858.458.258.058.1

56.854.954.155.054.351.452.052.554.755.2

53.652.650.951.053.6

50.450.750.750.650.450.8

51.251.051.651.251.551.6

51.952.652.652.853.654.0

53.554.154.254.654.654.6

53.754.553.550.150.851.453.653.8

52.351.349.449.552.3

48.849.249.149.048.949.2

50.049.650.149.850.350.4

50.651.651.351.452.152.4

52.152.752.853.253.553.6

1 Civilian labor force as percent of civilian noninstitutional population in group specified.2 Civilian employment as percent of civilian noninstitutional population in group specified.

Note.—Data relate to persons 16 years of age and over. See footnote 5 and Note, Table B 29.



TABLE B-33.— Unemployment rate, 1948-84

[Percent; monthly data seasonally adjusted]

Year ormonth

19481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984


JulyAugSeptOcStNovDec



Unem-ploy-mentrate,all

work-ers1

5.23.22.92.85.4434.042665.3

5.46.5545.5504.43.73.73.53.4

4.8585.54.85.58.37.66.96.05.8

7.07.59.59.57.4

10.210.310.210.110.09.9

9.39.39.08.78.38.1

7.97.77.77.77.47.1

7.37.47.27.27.07.1

Allcivil-ian

work-ers

3.85.9

5.33.33.02.95.5444.14.3685.5

5.567555.7524.53.83.83.63.5

4.9595.64.95.68.57.77.16.15.8

7.17.69.79.67.5

10.410.410.310.210.210.1

9.49.49.28.88.48.2

8.07.87.87.87.57.2

7.57.57.47.37.17.2

Males

Total

3.65.9

5.12.82.82.85.3423.84.1685.2

5.464525.2464.03.23.12.92.8

4.4535.04.24.97.97.16.35.35.1

6.97.49.99.97.4

10.610.810.710.710.610.2

9.89.89.59.18.68.3

8.17.87.77.77.47.2

7.47.27.27.17.07.1

16-19

years

9.814.3

12.7'8.18.97.9

13.511.611.112.417115.3

15.317.114 7lf.215814.111.712.311.611.4

15.016 615!913.915.620.119.217.315.815.9

18.320.124.423.319.6

24.124.225.124.424.024.4

23.624.322.622.220.520.3

20.519.920.019.719.518.9

20.418.819.719.818.919.4

20yearsandover

32V54

4.72.52.42.54.93.83.43.66.24.7

4.75.74.6

393.22.52.32.22.1

3.54.44.03.33.86.85.95.24.34.2

5.96.38,88.96.6

9.69.9

H9.79.2

8.88.78.58.17.87.4

7.27.06.86.96.66.4

6.56.46.46.26.26.3

Total

4.16.0

5.74.43.63.36.04.94.84.76.85.9

5.97.26.26.56.25.54.85.24.84.7

5.96.96.66.06.79.38.68.27.26.8

7.47.99.49.27.6

10.19.99.89,69.59.9

8.99.08.88.58.28.1

8.07.97.97.87.77.3

7.57.87.57.77.37.2

Unemployment rate,

Females

16-19

years

X8.312.3

11.48.38.07.2

11.410.211.210.614.313.5

13.916.314.617.216.615.714.113.514.013.3

15.617.216.715.316.619.718.718.317.116.4

17.219.021.921.318.0

22.021.221.722.221.823.6

21.821.020.420.620.119.4

18.418.919.618.818.417.3

16.418.118.317.416.618.1

20yearsandover

3.65.3

5.14.03.22.95.54.44.24.16.15.2

5.16 3s

5A5.45.24.53.84.23.83.7

4.85.75.44.95.58.07.47.06.05.7

6.46.88.38.16.8

9,08.98.88.58.58.7

7.87.97.87.57.27.2

7.16.96.96.96.86.5

6.87.06.66.96.56.4

Bothsexes16-19

years

9.213.4

12.28.28.57.6

12.611.011.111.615.914.6

14.716.814.717.216.214.812.812.912.712.2

15.316.916.214.516.019.919.017.816.416.1

17.819.623.222.418.9

23.122.823.423.323,024.0

22.822.721.621.520.319.9

19.519.419.819.319.018.1

18.418.419.018.717.818.8

civilian workers

White

3.55.6

4.93.12.82.75.03.93.63.86.14.8

5.06.04.95.04.64.13.43.43.23.1

4.55.45.14.35.07.87.06.25.25.1

6.36.78.68.46.5

9.19.29.18.98.98.8

8.28.27.97.67.37.1

6.96.86.76.76.56.3

6.36.46.36.36.16.2

Blackand

other

5.98.9

9.05.35.44.59.98.78.37.9

12.610.7

10.212.410.910.89.68,17.37.46.76.4

8.29.9

10.09.09.9

13.813.113.111.911.3

13.114.217.317.814.4

19.018.318.618.718.718.9

17.717.817.216.716.116.2

15.615.015.115.114.313.7

14.814.313.813.813.713.6

2

Black

_

...i::::i:

10.49.4

10.514.814.014.012.812.3

14.315.618.919.515.9

21.020.120.020.520.520.5

19.319.618.918.217.617.7

17.016.516.616.716.015.2

16.615.815.115.315.115.0

Experi-encedwageand

salaryworkers

4.36.8

6.03.73.43.26.24.84.44.67.35.7

5.76.8565.G504.33.53.63.43.3

4.85.75.34.55.38.27.36.65.65.5

6.97.39.39.27.1

10.110.110.09.99.99.5

9,19.18.78.48.17.9

7.67.47.37,37.06.7

7.17.07.06.96.86,8

Marriedmen,

spousepresent 8

3.5

4.61.51.41.74.0262.32.8513.6

3.74.6363.4282.41.91.81.61.5

2.63.2

2.32.75.14.23.62.82.8

4.24.36.56.54.6

7.27.27.27.17.06.7

6.26.36.05.75.55.2

5.04.94.74.74.64.6

4.54.54.64.54.44.4

Womenwho

main-tainfami-lies

ZZZZZZ.

ZZZZZZ.ZZZZZZ.

4.94.44.4

5.4737.27.17.0

10.010.19.48.58.3

9.210.411.712.210.3

13.213.013.213.012.912.7

12.011.812.111.310.410.9

10.710.810.810.510.09.8

9.810.310.110.410.89.6

r._, ,._... _ „ . j resident Armed Forces.2 Unemployed as percent of civilian labor force in group specified.» Data for 1949 and 1951-54 are for April; 1950, for March.

Note.—Data relate to persons 16 years of age and over. See footnote 5 and Note, Table B-29



TABLE B-34.—Civilian labor force participation rate by demographic characteristic, 1954-84

[Percent;1 monthly data seasonally adjusted]

Year or month

Allcivil-ian

work-ers

White

Total

Males

Total 16-19years

20yearsand

Females

Total 16-19years

20yearsandover

Black

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years and

1954....

1955....1956....1957....1958....1959....

I960....1961....1962....1963....1964....

1965....1966....1967....1968....1969....

1970....1971....1972....1973....1974....

1975....1976....1977....1978....1979....

1980....1981....1982....1983....1984....

1983:Jan...Feb...Mar..

tJune.July..Aug..Sept.Oct...,Nov..,Dec...

1984:Jan...,Feb....Mar...

fcJune..July...Aug...Sept..Oct....Nov...Dec...

58.8

59.360.059.659.559.3

59.459.358.858.758.7

58.959.259.659.660.1

60.460.260.460.861.3

61.261.662.363.263.7

63.863.964.064.064.4

63.963.863.863.863.764.2

64.164.364.364.064.164.1

64.064.264.264.364.664.5

64.564.364.464.464.464.6

58.2

58.759.459.158.958.7

58.858.858.358.258.2

58.458.759.259.359.9

60.260.160.460.861.4

61.561.862.563.363.9

64.164.364.364.364.6

64.164.164.064.064.064.5

64.464.664.664.564.564.5

64.464.564.664.764.964.8

64.864.464.664.664.664.8

85.6

85.485.684.884.383.8

83.483.082.181.581.1

80.880.680.780.480.2

80.079.679.679.479.4

78.778.478.578.678.6

78.277.977.477.177.1

76.876.976.876.977.077.3

77.377.477.377.277.377.2

77.077.177.177.177.177.2

77.076.877.177.077.177.2

57.6

58.660.459.256.555.9

55.954.553.853.152.7

54.155.956.355.956.8

57.557.960.162.062.9

61.962.364.065.064.8

63.762.460.059.459.0

59.359.258.858.558.559.9

59.760.459.959.159.659.6

58.559.059.859.159.859.3

59.156.759.358.859.259.6

87.8

87.587.686.986.686.3

86.085.784.984.484.2

83.983.683.583.283.0

82.882.382.081.681.4

80.780.380.280.180.1

79.879.579,278.978.7

78.578.678.678.778.879.0

79.079.078.978.979.078.9

78.878.878.778.878.778.8

78.678.678.778.678.778.8

33.3

34.535.735.735.836.0

36.536.936.737.237.5

38.139.240.140.741.8

42.642.643.244.145.2

45.946.948.049.450.5

51.251.952.452.753.3

52.652.452.352.352.152.7

52.653.053.052.952.953.0

52.853.153.153.353.753.5

53.653.253.153.353.253.5

40.6

40.743.142.240.139.6

40.340.639.838.737.8

39.242.642.543.044.6

45.645.448.150.151.7

51.552.854.556.757.4

56.255.455.054.555.4

55.153.954.753.853.055.4

54.656.054.553.954.254.8

55.655.956.056.255.756.0

55.954.355.454.954.055.0

32.7

34.035.135.235.535.6

36.236.636.537.037.5

38.038.839.840.441.5

42.242.342.743.544.4

45.346.247.348.749.8

50.651.552.252.553.1

52.452.252.152.252.152.5

52.452.752.952.852.852.8

52.652.852.953.153.553.3

53.453.152.953.253.253.4

59.960.259.8

58.859.059.861.561.4

61.060.861.061.562.2

61.861.661.461.661.561.9

61.961.661.760.961.061.2

61.061.961.561.762.061.9

62.462.662.262.863.063.1

73.673.472.9

70.970.070.671.571.3

70.370.070,170.670.8

70.870.169.970.670.471.5

71.671.170.769.770.470.1

70.371,170.670.270.770.4

71.071.070.871.270.971.2

46.345.746.7

42.641.343.244.943.6

43.241.639.839.941,7

40.138.338.939.040.043.4

41.541.339.038.239.638.5

38.439.740.742.441.741.1

41.541.442.843.443.143.5

78.578.477.6

76.075.475.676.276,3

75.174.574.775.274.8

75.474.974.675.474.975.7

76.075.475.374.374.974.7

74.875.574.874.174.774.5

75.175.074.675.074.774.9

48.749.349.0

48.849.850.853.153.1

53.153.553.754.255.2

54.654.854.554.454.454.2

54.254.054.553.753.554.0

53.554.454.254.955.054.9

55.555.955.356.056.656.5

32.234.233.4

34.232.932.937.336.8

34.934.033.533.035.0

32.631.831.334.332.935.8

32.033.433.132.532.333.5

32.734.331.735.031.335.9

37.436.336.237.836.035.5

51.251.651.4

51.152.553.655.555.4

55.656.056.256.857.6

57.357.757.456.957.056.5

56.856.557.156.356.056.4

56.056.856.957.257.757.1

57.658.157.558.059.058.9

1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-29.Source: Department of Labor, 8ureau of Labor Statistics.


TABLE B-35.—Civilian unemployment rate by demographic characteristic, 1948-84

[Percent;1 monthly data seasonally adjusted]

Year or month

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 . .

1983:JanFebMarApr

w.JuneJulvAugSeptOctNovDec


July

Sept"!"!!!!!!!"!"OctNovDec

AHcivil-ian

work-ers

3.85.9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.7555.75.2

453.8383.635

495.95.64.95.6

857.77.16.15.8

7.17.69.79.67.5

10.410410.310.210.210.1

9.49.49.28.88.48.2

8.07.87.87.87.57.2

7.57.57.47.37.17.2

White

Total

3.55.6

4.93.1?R2.750

3.9363.8614.8

5.0604.9504.6

4.134343?31

4554514.35.0

78706?5?5.1

6.3678.6R46.5

9.19.291898.98.8

8.28.2797.67.37.1

6.96.867676.56.3

6.46,36.36.16.2

Males

Total

3.45.6

4.72.62.5254.8

3.73.4366.14.6

485.7464.74.1

362.8272.625

404.94.53.84.4

726.45.54.64.5

616.58.88.86.4

9.3979.69.59.48.9

8.68.68.38.07.67.2

7.0686.76.66.46.2

6.36.26.26.16.16.1

16-19years

13.4

11.310.511515.714.0

14.015.713 715.914.7

12.910.510.710.1100

13 715.114.212.313.5

18317.315.013.513.9

16.217.921.720.216.8

21.421.622.621.520.420.6

20.021.018.719.517.717.4

17.716.817.316.816.916.6

17.416.717.016.616.216.2

20yearsandover

4.4

3.33.03.25.54.1

4.25.14.0

2.92.22.12.019

324.03.63.03.5

6.25.44.73.73.6

5.35.67.87.95.7

8.4A88.68.68.68.1

7.77.77.67.26.86.5

6.36.15.95.95.75.45.55.5555.45.45.4

Females

Total

385.7

5.3423.33.15.54.3~4.2436.25.3

5.36.55.55.85.5

504.3464.342

546.35.95.36.1

867.97.36.25.9

6.56.98.37.96.5

8.88.68.58.28.28.5

7.77.67.47.16.96.8

6.76.76.86.76.66.46.46.66.56.66.26.3

16-19years

10.4

9.19.79.5

12.712.0

12.714.812.815.114.9

14.012.111.512.111.5

13.415.114.213.014.5

17 416.415.914.414.0

14.816.619.018.315.2

19.318.219.319.019.420.3

18.718.117.216.916.716.1

14.916.116.415.715.515.1

12.915.415.515.213.915.5

20yearsandover

5.1

3.93.73.85.64.7

4.65.74.74.84.6

4.03.33.83.43.4

4.45.34.94.35.17.56.86.25.25.0

5.65.97.36.95.8

j 17.57.27.27.5

6.76.76.66.36.16.0

6.05.95.96.05.85.6

5.85.9575.85.55.5

Total

1049.4

10.5

14.8140140

12.3

14.3156189195159

20 1?0 0

20.520.519 319618918.217617.7

17016516.616716.015.2

16615.815.115.315.115.0

Black

Males

Total

938.09.8

14.813.713.311.811.4

14.515.720.1?0316.4

22.321.320.821.722.121.4

20.520.719618.217.817.2

17.216.817?17.616.316.3

17.415.915.515.614.915.5

16-19years

31.727.833.1

38.137,539.236.734.2

37.540.748.948.842.7

47.746.746.048.852.552.9

48.253.853.744.144.745.0

46.646.044.342.941.438.2

42.340.541.043.842.043.8

20yearsandover

7.06.07.4

12.511.410.79.39.3

12.413.517.818.114.3

20.219.418.919.619.718.7

18.218.117.016.315.715.1

15.114.615.115.614.314.6

15.514.113513.412.813.3

Females

Total

11811.111.3

14.814314913R13.3

14.01561761R6154

19 618919?19 318.919.6

1R118318118.117418.2

16816?16015715.714.1

15 815.714.615.015.314.5

16-19years

40.536.137.4

41.041.643.440.839.1

39.842.247.148.242.6

45.247.043.548.944.150.7

48.648.048.153.149.650.8

48.241.449.445.948.135.8

42.2.42.243.036.240.240.1

20yearsandover

908.68.8

1??11 7

11 ?10.9

119134154165135

17717(117617117.117.2

16016?16015.615?159

14 614 41,3 813613.7

13813.8

13.413.512.7

1 Unemployment as percent of civilian labor force in group specified.Note.—See footnote 5 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-36.—Unemployment insurance programs, selected data, 1955-84

Year or month

All programs

Coveredemploy-ment1

Insuredunemploy-

ment(weekly

aver-age) * 3

Totalbenefits

paid(millions

ofdollars)2 <

State programs

Insuredunem-

ploymentInitialclaims

Exhaus-tions8

Insuredunemploy-ment aspercent

ofcoveredemploy-

ment

Benefits paid

Total(millions

ofdollars)*

check(dollars) •

Thousands Weekly average; thousands

1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..1965..1966..1967..1968..1969..

1970..1971..1972..1973..1974..1975..1976..1977..1978..1979..

1980..1981..1982..1983..

40,01842,75143,43644,41145,728

46,33446,26647,77648,43449,63751,58054,73956,34257,97759,999

59,52659,37566,458

72,45171,03773,45976,41988,80492,062

92,65993,30091,628

B 91,898

1983:JanFeb..!Mar..

May!-June..

{uyAugSeptOctNovDec


Oct....Nov....Dec...

1,3991,32315712,7731,8602,0712,9941,946

'1,9731,7531,4501,1291,2701,1871,177

2,0702,6082,1921,7932,5584,9373,8463,3082,6452,592

3,8373,4104,5943,775

5,4595,4375,1344,6423,9473,481

3,2752,9172,5802,4782,6202,915

3,3743,1742,9582,6132,2902,166

2,3272,1842,0832,1492,441

1,560.21,540.61,913.04,290.62,854.3

3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.6

4,209,36,154.05,491.14,517.36,933.916,802.412,344.810,998.99,006.99,401.316,175.415,287.123,774.820,206.2

2,463.32,350.22,780.22,184.01,910.31,798.5

1,411.31,455.71,167.51.058.11,153.41,255.2

1,515.51,455.51,426.71,220.31,149.8980.4

1,005.11,045.3877.9969.9

1,2651,2151,4462,5101,6841,9082,2901,7831,8061,6051,3281,0611,2051,1111,1011,8052,1501,8481,6322,2623,9862,9912,6552,3592,434

226227270369277331350302

'298268232203226201200296295261247363478386375346388

3,3503,0474,0613,396

3,9793,9523,8853,8263,6153,389

3,1903,0252,9832,79727342,636

2,6152,5282,4982,4492,3692,335

2,3612,3262,3702,4422,5162,504

488460583438

513498491488460424

408410386389388389

349354361350354

373365374405402393

100991021039187

3.53.23.66.44.4

4.85.64.44.33.83.02.32.52.22.1

3.44.13.52.73.56.04.63.93.32.9

3.93.54.63.9

4.64.54.54.44.23.9

3.73.53.53.33.23.1

3.13.02.92.82.82.7

2.72.72.72.82.92.9

1,350.31,380.71,733.93,512.72,279.0

2,726.73,422.72,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.9

3,848.54,957.04,471.04,007.65,974.9

11,754.78,974.58,357.27,717.28,612.9

13,761.113,262.120,650.017,762.8

2,205.62,052.92,370.71,817.61,589.71,537.9

1,297.21,367,21,104.41,002.01,099.81,203.6

1,458.01,400,51,369.51,173.61,109.3

948.4

974.11,017.8

853.4939.7

1,011.1

25.0427.0228.1730.5830.41

32.8733.8034.5635.2735.9237.1939.7541.2543.4346.17

50.3454.0256.7659.0064.2570.2375.1678.7983.6789.67

98.95106.70119.37123.59

124.29124.51125.56124,95124.57123.51

121.53121.17121.36122.99122.18122.61

123.60124.30124.67125.26123.69121.96

119.83120.24122.48123.85124.26

"Monthly data are seasonally adjusted.1 Includes persons under the State, UCFE (Federal employee, effective January 1955). and RRB (Railroad Retirement Board) programs.

Beginning October 1958, also includes the UCX program (unemployment compensation for ex-servicemen).* Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA

(Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefitprograms. Does not include FSB (Federal supplemental benefits), SUA (special unemployment assistance), and Federal SupplementalCompensation programs.

3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.5 Individuals receiving final payments in benefit year.8 For total unemployment only.7 Programs Include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Latest data available for afl programs combined' Workers covered by State programs account for about 97 percent of wage and

salary earners.Source: Department of Labor, Employment and Training Administration.

274


TABLE B-37.—Wage and salary workers in nonagricultural establishments, 1929-84

[Thousands of persons; monthly data seasonally adjusted]

Year ormonth

Totalwageand

salaryworkers

Manufacturing

Total Durablegoods

Non-durablegoods

Mining Construc-tion

Transpor-tationand

publicutilities

Whole-sale Retail

trade

Finance,insur-ance,

and realestate

Services

Government

FederalStateandlocal

192919331939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984".1983: Jan....

Feb...,Mar

«&"...June....JulyAugSept....OctNov....Dec...

1984: JanFebMar

llfaylay....June....JulyAugSept....OctNov..,Dec".,

31,32423,69930,60332,36136,53940,10642,43441,86440,37441,65243,85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358,28360,76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,82390,40691,15689,56690,13894,15588,82788,72888,94589,25989,57889,92790,27489,91891,01891,34591,68892,02692,39192,84693,05893,44993,78694,13594,35094,52394,80795,15795,49495,661

10,7027,39710,27810,98513,19215,28017,60217,32815,52414,70315,54515,58214,441

15,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,78118,49719,59118,07318,05618,08518,18918,29818,39118,52118,59718,69818,88619,01819,14319,25419,37319,46619,53019,57019,62919,69619,72519,61619,68619,71819,810

4,7155,3636,9688,823

11,08410,8569,0747,7428,3858,3267,4898,0949,0899,349

10,1109,1299,5419,8339,8558,8299,3739,4599,0709,4809,6169,816

10,40511,28211,43911,62611,89511,20810,63611,04911,89111,92510,68811,07711,59712,27412,76012,18712,10911,03910,77411,63610,45410,45010,46510,53610,62310,68610,78110,84610,92311,07111,17011,26611,34311,44011,51311,55111,59811,65211,70211,75811,69611,75211,77611,843

5,5645,6226,2256,4586,5186,4726,4506,9627,1597,2566,9537,1477,3047,2847,4387,1857,3417,4117,3217,1167,3037,3377,2567,3737,3807,4587,6567,9308,0078,1558,2728,1587,9878,1028,2628,1527,6357,9208,0868,2318,2808,0988,06177417,7247,9547,6197,6067,6207,6537,6757,7057,7407,7517,7757,8157,8487,8777,9117,9337,9537,9797,9727,9777,9947,9677,9207,9347,9427,967

1,087744854925957992925892836862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958

1,0271,1391,128

957999993967955943940939946950952965967969975978978984995

1,0021,0071,0171,0201,0121,0091,003

1,512824

1,1651,3111,8142,1981,5871,1081,1471,6832,0092,1982,1942,3642,6372,6682,6592,6462,839

. 3,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9053,9404,3163,8933,8043,7923,8173,8493,9113,9473,9854,0194,0444,0734,0864,1544,2264,1514,2464,2864,3434,3564,3564,3744,3824,3964,452

3,9162,6722,9363,0383,2743,4603,6473,8293,9064,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1365,1465,1655,0824,9585,1704,9844,9694,9754,9935,0015,0055,0014,3695,0465,0535,0435,0555,0955,1055,1125,1295,1445,1635,1755,2025,2135,2255,2265,238

1,7621,8351,9601,9061,8221,8451,9492,2912,4712,6052,6022,6352,7272,8122,8542,8672,9263,0183,0282,9803,0823,1433,1333,1983,2483,3373,4663,5973,6893,7793,9073,9934,0014,1134,2774,4334,4154,5464,7084,9695,2045,2755,3585,2785,2595!5265,1935,1905,1905,2045,2205,2415,2565,2775,30153225[3445,3715,4065,4385,4575,4735,4925,5025,5285,5445,5885,6125,6235,645

4,6644,9145,2515,2125,1605,2145,3656,0846,4856,6676,6626,7517,0157,1927,3937,3687,6107,8407,8587,7708,0458,2488,2048,3688,5308,8239,2509,6489,917

10,32010,79811,04711,35111,83612,32912,55412,64513,20913,80814,57314,98915,03515,18915,17915,54516,26215,26415,28415,34815,38615,43315,51415,58015,62615,67115,73715,80515,85715,91415,98016,03016,09516,16616,24516,28316,29516,34216,46816,64416,635

1,4941,280M471,4851,5251,5091,4811,4611,4811,6751,7281,8001,8281,8881,9562,0352,1U2,20022982,3892,4382,4812,5492,6292,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674,7244,9755,1605,2985,3415,4675,6655,3635;3895,4085,4455,4605!4645,4785,4985,5035,5125,5305,5465,5735,5935,613516405,6625,6765,6765,6795,6845,7055,7255,748

3,4252,8613,5023,6653,9054,0664,1304,1454,2224,6975,0255,1815,2405,3575,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6207,9828,2778,6609,0369,498

10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30316,25217,11217,89018,61919.03619,66520,66119,21419,23019,35619,45619,52919,62619,72319,80819,89319,96220,03420,13020,16220,27820,37820,44920,54920,68120,70120,74820,86120,96421,03021,085

533565905996

1,34.02,2132,9052,9282,8082,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,8662,7722,7392,7522,7822,7472,7442,7432,7412,7532,7442,7442,7472,7742,7602,7592,7622,7602,7632,7702,7712,7852,7772,7792,7852,8042,7932,8012,794

2,5322,6013,0903,2063,3203,2703,1753,1163,1373,3413,5823,7873,9484,0984,0874,1884,3404,5634,7275,06953995,6485,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,823

10,18510,64911,06811,44611,93712,13812,39912,91913,17413,37513,25913,09813,09913,18513,10313,09513,09313,08513,09513,09213,07813,06113,16113,10413,11513,10713,09813,11213,10313,13213,13713,11713,14913,17213,30513,31013,32213,251

Note.—Data in Tables B-37 through B-39 are based on reports from employing establishments and relate to full- and part-time wageand salary workers in nonagricultural establishments who worked during or received pay for any part of the pay period which includesthe 12th of the month. Not comparable with labor force data (Tables B-29 through B-35), which include proprietors, self-employedpersons, domestic servants, and unpaid family workers; which count persons as employed when they are not at work because ofindustrial disputes, bad weather, etc., even if they are not paid for the time off; and which are based on a sample of the working-agepopulation. For description and details of the various establishment data, see "Employment and Earnings."



TABLE B-38.—Average weekly hours and hourly earnings in selected private nonagriculturalindustries,

1947-84

[For production or nonsupervisory workers; monthly data seasonally adjusted, except as noted]

Year ormonth

1947194819491950195119521953195419551956. ..1957195819591960196119621963196419651966196719681969.197019711972197319741975197619771978197919801981198219831984".1983:

JanFebMartJune


1984:Jan

Feb ZZZMar

»&::::::::::JuneJulyAug.. .SeptOctNov".Dec"

Average weekly hours

Totalprivate

non-agricul-tural »

40340039.439 839 939 939.639.139.639.338 838.539.038.638.638738.838.738838.638,037.837.737.136 937.036.936.536.136.136.035.835.735.335.234.835035.3

35 034.534 834.934935.035.035.035.235.235.235.2

35.435.335.335.435.335.335.235 235.435.135.235.3

Manufac-turing

40.440039.140 540.640 740.539.640740.439 839'240.339.739 840.440540741241.440 640.740.639.839 940.540740.039.540.140.340.440.239739.838.9401407

39 539.139 740.139 940.140.240.340.740.640.640.6

40.940.940741.140.640.640.540 540.640.440.540.7

Con:

struction

38238137737 438.138 937.937.237.137 537 036.837.036.736 937.037 337.237 437.637 737.337.937.337 236.536.836.636.436.836.536.837.037.036.936.737 237.8

38 336436 736.937137^2

37.137.337.436.837.036.9

37.738.237.037737737.937.537 738.037.638.137.7

Retail

trade

40 340240.440 440.439 839.139.239.038 638138.138.238.037 637 437 337.036 635.935334734.233.833 733*433.132732.432.131.631.030,630.230.129.9298304

30 02^329 729729.8

29.829.829.830.030430.3

30.130.030.130.030.130.229.929.9

29!829.9304

Average gross hourly earnings,current dollars

Totalprivate

non-agricul-tural »

$11311*2251*27513351.451521.611.651711801891*952.022.092142 222 282.362 462.562 682 853443.233 451703.944.244.534.865.255.696.166.667.257.688 028*33

7 877*927 927*967 988418448.008.098.138.148.17

8.218.238.258.318.298.338.358 348 408.388.428.47

Manufac-turing

$12161*3271.37614391.561641.741.781.851.952 042*102.192.262 322*392452*532 612712.82

3 193.353 571824.094.424.835.225.686.176707,277.998.498 839*17

8 668738 738758 788.808.838.848.888.938.978.99

9439469.099.119.129.159.179.20

9l259.309.33

Con:

struction

$15401*712179218632.022132.282.382.452.572 712.822.933473 203.313 413 553 703*894114414.795.245696466.416.817.317.718.108.669.279.94

10.8211.6311921243

1184li:9811 94ll'9711891L9011.8711.8911.9511.9411.9311.96

11.9711.9511.97124312.07124712.0412 05124512.0212.0312.12

Retail

trade

$0838901'951983

1.061091.161.201.251301371.421.471.521561631681751821*912 012*162.302.442 602752.913.143.363.573.854.204.534.885.255.485 74549

5 615*665 675*695715745.755775795.805.825.83

5.845.845.875.895.875.895.895 885^0

Sfi5.94

Adjusted hourly earnings,private nonagricultural

Index,1977-100

Currentdollars

21623.424.525 427.328 730.331.332.434 035737*238.539.841042 443 644*846 448*450 853*957.561.365769474.180486.792.9

100.0108.2116.8127.3138.9148.51553160 5

152 91534153 6154:2154 7155*1155.6155.4156.2157.1157.2157.8

158.4158.5159.1159.9159.6160.3160.8160 61614161.3162.0163.0

1977dollars»

58 558962.364.063.665 568.770.573.375 976978480481.483085 086 387.589 090.392 294495.095798 3

101*2101.198.397.699.0

1004100.597.493.592.693.494 8947

94 895*395 194*894 894*994.994.494.594.794.694.9

94.894.895.195.494.995.295.294.1

91994.394.7

Percentfrom a

earli

Currentdollars

8.34.7377.5515.63.33.549504.23.53.43034282.8364.3506.16.76.6726.26.28.08.47.27.68.27.9949.16.94.6

5457545*34.9

4.43.7444.13.937

3.63.23.537123.33.33 33*4273.13.4

total2

changeyear

IT4

1977dollars

0.75.827

3C4.92.6443.5131.42.61.82.024151.4171.5212.01.17

273.0

=1:8= 71.41.0.5

•=3.1-4 .0- 1 . 0

.91 5

- ! i

182*416121.4

2.21.21.21.41.0.4

= 0-*6

.0

.6

.1

.3

.2= .3

~:9

-*21 Also includes other private industry groups shown in Table B-37.2 Adjusted for overtime (in manufacturing only) and for interindustry employment shifts.3 Current-dollar earnings index divided by the consumer price index for urban wage earners and clerical workers on a 1977=100

base.4 Monthly percent changes are computed from indexes to two decimal places and are based on data not seasonally adjusted.Note.—See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-39.—Average weekly earnings in selected private nonagricultural industries, 1947-84

[For production or nonsupervisory workers; monthly data seasonally adjusted, except as noted]

Year or month

194719481949

195019511952195319541955195619571958

I9601961 , . .196219631964

19651966196719681969

19701971197219731974

1975197619771978197919801981198219831984 P

1983:JanFebMarAprMayJune . : : : : : : :JulyAucsept:":::::::::::::::::;::::::::::::::::""OctNovDec

1984:JanFebMarAprflayJune ,JulyAugSeptOct .Nov"Dec

Average gross weekly earnings

Total privatenonagriculturat *

Currentdollars

$45.58490050.24

531357.8660 6563.7664.5267.7270.7473.3375 0878.78

80.6782 6085.91884691.3395 4598.82

10184107.73114.61

119 83127.3113690145.39154.76163.53175.45189.00203 70219.9123510255.20267.26280 70294.05

275.45273.24275.62277.80278.50280.35281.40280.00284.7728618286 53287.58

290 63290 522912329417292.64294.05293.92293.57297 3629414296 38298.99

1977dollars2

$123.5212343127.84

13383134 87138 47144.58145.32

153 21157.90158.04157 40163.78164.97167 21172.1617517178.38183 21184.37184 83187.68189.44

186 94190.58198 41198.35190.1218416186.85189.00189 31183.41172 74170.131680917126173.48

170.87169.50170.56170.85170.65171.57

171.69170.01172.27172 61172 40172.93

173 93173 65174 08175 52173.98174.61173.9217198173 3917121172 41173.63

Manufac-turing

(currentdollars)

$49.1353.0853.8058,2863.3466.7570.4770.49

75.3078.7881.19823288.26

89.7292.3496.5699.23

102.97107.53112.19114.49122.51129.51133.33142.44154.71166.46176.80190.79209.32228.90249 27269.34288.62318.00330.26354 08373.22

342.07341.34346.58350.88350.32352.88354.97356.25361.42362.5636418364.99

369.33370.55369 96374 42370.27371.49371.39372 60374 33373 70376 65379.73

Construc-tion

(currentdollars)

$58.8365 2367.56

69 68769682 8686.4188.54

909096.38

1002710378108.41

112.67118 08122.4712719132.06138 38146 26154 95164.49181.54

195 45211.6722119235.89249.25

26608283.7329565318 69342.99367 78399.26426 82443 42454.73

453.47438.47438.20441.69441.12442.68

440.38443.50446.93439 3944141441.32

45127456 49442 89453 53455.04457.45451.50454 29457 9045195458 34456.92

Retailtrade

(currentdollars)

$33.7736.2238.42

39 7142.82433845.3647.04

48.7550.1852.2054.1056.15

57.7658.6660.9662.6664.75

66 6168.57709574.9578.6682.4787.6291.8596.32

102.68

108.86114.60121.66130.20138.62147.38158.03163.8517105176.70

168.30165.84168.40168.99170.16171.63171.35171.95172.54174.00174 60176.65

175.78175.20176.69176 70176.69177.88176.11175.81177.00175 52177 61178.20

Percent change froma year earlier, total

privatenonagricultural3

Currentdollars

7.52.5588.9485.11.25.04.53.7244.92.4244.0303.24535315.86.4

466.27.56.26.45.77.37.77.88.06.98.54.7504.8

6.93.14.05.14.84.94.63.56.06.4565.7

5.56.35.4624.74.84.85.04.426333.7

1977dollars

- 0 13.647

8274.4

.55.43.1

.14

4.1.7

143.0171.827

62

15.9

- 1 31.941

- . 0- 4 . 1

- 3 . 11.51.2.2

3.1-5 .8-1 .5- 1 . 2

191.3

3.3- . 2

.31.01.32.42.41.13.23.72.62.4

1.82.51.8301.51.71.61.3.6

- .9- 1

.1

1 Also includes other private industry groups shown in Table B-37.2 Earnings in current dollars divided by the consumer price index on a 1977=100 base.3 Based on data not seasonally adjusted.Note.-See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.

277


TABLE B-40.—Productivity and related data, business sector, 1947-84

[1977-100; quarterly data seasonally adjusted]

Year orquarter

Output per hourof all persons

Busi-ness

sector

Nonfarmbusinesssector

Output^

Busi-ness

sector

Nonfarmbusiness

sector

Hours of allpersons2

Busi-ness

sector

Nonfarmbusiness

sector

Compensation perhour3

Bust-ness

sector

Nonfarmbusinesssector

Real compensationper hour4

Busi-ness

sector

Nonfarmbusiness

sector

Unit labor costs

Busi-ness

sector

Nonfarmbusiness

sector

Implicit pricedeflator*

nesssector

Nonfarmbusiness

sector

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

1965..1966..1967...1968..1969..

19701971...197219731974

19751976...197719781979

19801981198219831984"

1982:IIIIllIV

1983:IIIIllIV

1984:IIIIllIV P.

43.746.146.7

50.451.853.555.256.1

58.358.960.462.364.3

65.267.469.972.575.6

78.380.882.685.385.5

86.289.392.494.892.5

94.697.6

100.0100.599.3

98.8100.7100.9103.7107.4

100.9100.3100.9101.6

102.2103.6104.3104.7

105.7107.0107.2107.9

49.952.053.1

56.357.358.659.660.4

62.862.964.065.567.7

68.370.372.875.278.1

80.582.584.186.886.6

86.889.793.095.392.9

94.897.8

100.0100.699.0

98.399.8

100.0103.4106.6

99.899.4

100.3100.5

101.6103.6104.1104.4

105.2106.6106.3106.7

35.037.236.5

39.842.143.545.444.6

48.149.349.849.052.6

53.554.457.459.963.5

67.871.573.176.879.0

78.480.786.191.789.9

88.293.8

100.0105.5107.8

106.5109.2106.3111.0120.8

107.1106.4106.1105.8

106.9110.1112.5114.7

117.8121.0121.5122.8

34.036.035.3

38.641.142.544.343.4

47.048.348.948.051.8

52.553.556.659.162.8

67.271.272.776.678.8

78.080.385.891.789.8

87.893.7

100.0105.7108.0

106.5108.7105.9111.2120.7

106.4106.0106.0105.2

106.7110.4112.7115.2

118.0121.0121.3122.4

80.180.778.0

78.981.281.382.279.4

82.483,782.578.781.8

82.080.782.182.683.9

86.688.688.590.092.4

90.990.493.296.897.2

93.296.0

100.0104.9108.6

107.8108.4105.4107.1112.5

106.1106.1105.1104.1

104.7106.2107.9109.5

111.4113.0113.4113.8

68.169.266.6

68.671.872.674.471.9

74.976.776.373.276.4

76.976.177.878.680.5

83.586.386.588.291.0

89.889.492.296.296.6

92.695.8

100.0105.1109.0

108.3109.0106.0107.5113.2

106.7106.7105.7104.7

106.5108.2110.3

112.3113.6114.1114.7

17.018.418.7

20.022.023.424.925.7

26.428.129.931.232.6

33.935.236.838.240.2

41.744.647.050.754.2

58.262.066.171.478.1

85.692.9

100.0108.5118.7

131.1143.4155.0161.7169.3

151.4153.9156.7158.4

160.2161.0161.8164.2

166.7167.5169.3171.0

18.520.120.7

21.923.825.126.527.3

28.330.031.732.934.2

35.736.838.339.641.4

42.845.447.951.554.9

58.762.566.771.878.5

86.193.0

100.0108.6118.4

130.6143.1154.5162.0169.5

151.0153.2156.0157.9

160.1161.5162.4164.0

166.5168.0169.5170.9

46.146.447.6

50.551.453.456.558.0

59.762.664.565.567.8

69.571.473.875.678.4

80.183.385.388.389.7

90.892.895.797.395.9

96.498.9

100.0100.899.1

96.495.597.398.4

96.997.297.398.0

99.098.598.098.4

98.698.298.498.5

50.150.552.5

55.155.457.260.061.6

64.066.868.368.971.1

73.174.676.778.480.9

82.384.886.989.790.7

91.593.696.697.996.5

96.999.0

100.0100.898.8

96.095.397.098.698.9

96.796.896.997.7

99.098.898.398.2

98.598.598.598.4

38.940.040.1

39.842.543.845.145.9

45.247.749.550.250.7

52.152.352,752.753.1

53.355.357.059.463.4

67.569.571.575.384.4

90.595.1

100.0108.0119.5

132.6142.4153.6156.0157.7

150.0153.4155.3155.9

156.8155.4155.1156.8

157.7156.5158.0158.5

37.038.638.9

38.841.542.844.545.2

45.147.649.550.250.5

52.352.452.652.753.1

53.255.057.059.363.4

67.669.771.775.384.5

90.895.1

100.0108.0119.5

132.8143.5154.5156.6158.9

151.4154.2155.6157.1

155.9155.9157.1

158.3157.6159.5160.2

38.140.840.3

41.044.044.544.945.3

46.047.649.249.850.8

51.651.952.653.253.7

54.756.457.960.363.2

66.069.071.375.382.4

90.494.7

100.0107.5117,2

128.1140.4147.9152.4157.3

145.9147.9148.7149.3

151.0151.7152.7154.2

155.6156.7158.1158.8

36.639.139.4

40.142.843.544.445.0

46.047.649.349.750.9

51.651.952.753.353.9

54.856.358.160.463.3

66.369.371.374,081.6

90.094.6

100.0107.1116.5

128.1140.6148.6153.4158.1

146.5148.6149.3150.2

151.9152.7153.8155.2

156.3157.3159.0159.9

1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily onestablishment data.

3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes anestimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.

* Current dollar gross domestic product divided by constant dollar gross domestic product.Source: Department of Labor, Bureau of Labor Statistics.

278


TABLE B-41.—Changes in productivity and related data, business sector, 1948-84

[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year or quarter

Output per hourof all persons

Nonfarmbusiness

Output'

sectorNonfarmbusiness

sector

Hours of allpersons2

sectorNonfarmfusinesssector

Compensation perhour3

sectorNonfarm

per hour


sector

Unit tabor costs

sectorNonfarmbusinesssector

Implicit pricedeflator*


sector

1948...1949...

1950...1951...1952...1953...1954...

19551956195719581959

196019611962,:19631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 P.

1982:\\\.IllIV

1983:

\\Z"ZZIIIIV

1984:

\\ZZZZ.IllIV p

5.31.5

7.92.83.23.21.6

4.01.02.53.13.2

1.53.33.83.74.3

3.53.12.33.3

3.63.52.6

-2 .4

2.23.32.4

- L 2

- . 51.9

273.6

.a2.42.7

4.04.9

.62.6

4.32.0

6.01.72.31.71.4

3.9.3

1.72.43.4

2.93.63.23.9

3.12.51.93.3

3.33.72.4

- 2 . 5

2.03.22.2

.6-1 .5

- . 71.5

3.53.1

2.5-1.6

3.61.1

4.48.12.11.0

6.1-1 .9

9.15.83.34.3

-1 .8

7.92.61.0

-1 .67.3

1.61.75.54.36.0

6.85.52.25.12.9

~3.06.66.6

-2 .0

-2 .06.46.65.52.3

-1 .22.5

-2 .64.4

-3 .6-2 .6-1 .3-1 .2

4.412.49.37.8

11.411.2

1.84.3

6.0-1 .9

9.46.53.44.2

-2 .0

8.22.81.2

-1 .97.9

1.51.85.84.46.4

6.95.92.15.32.9

-1 .02.96.96.8

-2 .0

- 2 . 26.76.75.72.2

-1 .42.1

-2 .65.08.5

- 3 . 8- 1 . 4

l !

6.014.38.79.1

10.310.6

73.9

0.7- 3 . 3

1.12.9

.11.0

- 3 . 3

3.81.5

-1 .5-4 .5

3.9

.2-1 .5

1.6.6

1.6

3.22,3

- . 0172.6

-1 .6

l ! o3.9

.4

-4 .13.04.14.93.5

- 7.6

-2 .81.65.0

-5 .9- . 3

-3 .6-3 .8

2.26.16.46.2

1.6-3 .8

3.14.61.02.5

-3 .4

4.12.5

4.4

.6-1 .1

2.21.12.4

3.73.4

2 03.2

-1 .3

1114.3

-4 .13.44.45.137

- . 6.6

-2 .81.55.2

i- 3 . 6- 4 . 0

8.51.6

7.19.86.46.43.2

2.56.56.54.44,3

4.23.84.63.75.2

3.97.05.37.87.0

7.36.66.58.09.4

9.68.57.78.59.4

10.49.48.14.347

1076.87.54.5

4.42.22.06.1

8.62.9

5.88.85.55.63.2

3.66.0573.84.0

4.33.24.03.54.5

3.46.05.57.5

. 6.57.06.6677.69.4

9.68.17,58.69.0

10.39.68.04.94.6

6.13.73.63.5

0.72.6

6.0174.15.72.8

2.84.92.91.63.5

2.62.73.42.53.8

2.24.02.43.51.5

1.32.23.11.6

-1 .4

.52.61.2.8

-1 .7

- 2 7- . 91.91.1

.4

671.3

0.83.9

4.8

3.24.82.7

3.94.42.21.03.2

272.12.82.23.2

173.02.63.21.1

1.02.23.31.3

-1 .4

221.0

.8- 2 , 0

- 2 . 8

~171.6

.3

6.5

is

5.4

-1 :9

6.93.03.11.6

-1 .45.53.91.31.0

2.7.5,7

0

.33.83.04.467

6.42.92.95.3

12.1

7.35.15.18.0

107

11.07.37.91.61.1

809.45.01.7

2.2- 3 . 5

- . 84.6

2.1-2 .9

3.71.5

4.1.9

- . 26.93.13.91.7

- . 3573.91.4.6

3.5.3.4

3,53.54,16.8

6.63.12.85.0

12.2

7.54.75.28.0

107

11.18.0771.41.5

7.97.6374.0

3.1-1 .7

4.71.8

7.0-1.0

1.67.41.1

.91.0

1.63.33.51.32.0

1.4.6

1.51.11.0

1.93.0274.04.9

4.54.43.45.59.5

9.84.75.67.59.0

9.39.65.33.03.2

375.42.31.8

6.8.9

176.61.82.01.4

2.23.53.6

.92.3

1.5.6

1.51.21.2

1.62.83.24.04.7

4.84.53.03.8

10.2

10.35.1577.18.8

10.09.85.73.23.1

3.85.72.02.4

4.62.22.73.7

2.82.84.22.5

» Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily onestablishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes anestimate of wages, salaries, and supplemental payments for the self-employed.

4 Hourly compensation divided by the consumer price index for all urban consumers.8 Current dollar gross domestic product divided by constant dollar gross domestic product.Note.—Data relate to all persons engaged in the sector. Percent changes are based on original data and therefore may differ slightly

from percent changes based on indexes in Table B-40.Source: Department of Labor, Bureau of Labor Statistics.

279


PRODUCTION AND BUSINESS ACTIVITY

TABLE B-42.—Industrial production indexes, major industry divisions, 1929-84

[1967^100; monthly data seasonally adjusted]

Year or month

1967 proportion

1929 .19331939

1940194119421943194419451946194719481949

19501951195219531954.19551956195719581959

I960196119621963 .19641965 .196619671968196919701971.19721973197419751976197719781979

19801981198219831984 '1983:JanFebMarAprMay .JuneJulyAug ...SeptOct .NovDec

1984:JanFebMarAprMayJune...,JulyAugSeptOctNov*Dec" .. . .

Totalindustrialproduction

100.00

21613.721.7

25.031636.344.047 440.735 039.441138.844 948.750 654.851958.561161957 964.8

66.266.772 276.581789.897.81000106.3111.1107 8109.6119 7129.8129 3117 8130.5138 2146.1152.5

147 01510138.6147 6163.5

137.4138.1140.0142.6144.4146.4

149.7151.8153.8155.0155.3156.2

158.5160.0160.81621162 8164.4165.9166.0165.0164.5165 2166.2

Manufacturing

Total

87.95

22 814.0-21.525.432 437.847.050 942.6 •35 339.440 938.7

45 048.650 655.251558.260 561.257 064.265.465.671575.881.089.797.9100 0106.4111.0

106 4108.2118 9129.812941163130.3138 4146.8153.6146 7150 4137.6148 2165.0

136.7138.2140.4143.1145.1147.4,

150.6152.8155.1156.2156.4156.8

159.5161.4162.1163 4164 2165.7167.3167.6166.6166.41671168.1

Dura-ble

51.98

22.59.117.7

23.531439.954.259945.231637.739 335.7

43 548.951958.751859.261161.653 961.962.961.868.673.178.389.098.9100 0106.5110.6102 3102.4113 7127.1125 7109 3122.3130 0139.7146.4136 7140 5124.7134 5154.7

122.5123.9126.3129.1131.0133.2136.8138.8141.6142.8143.6145.0

148.6150.5151.4152 6153 3154.9157.2157.8157.1157.0157 6158.3

Non-durable

35.97

23.219.926.1

27.533.334.637.138.638.539.741.342.742.046.748.349.251.251.657.260.161.161.667.7

69.371.575.880.085.290.996.7100.0106.2111.5112.3116.6126.5133.8134.61264141.8150.5156.9164.0

161.2164.8156.21681179.8

157.4159.0160.7163.3165.4167.8

170.6172.9174.6175.6174.8173.9

175.2177.2177.6179.1179 9181.3181.8181.7180.3180.0180.7182.3

Min

ing

6.36

43.130.642.1

46.849.751.352.556.255.154.261.364.457.1

63.870.069.471.269.977.982.082.175.378.7

80.380.883.186.489.993.298.2100.0104.2108.3112.2 '109.8113.1114.7115.3112.8114.2118.2124.0125.5132.7142.2126.1116 6125.9

121.9115.6112.6111.6112.8112.6

115.0116.1117.1118.3121.1123.7

124.8124.1123.8123 3125 0127.0129.9128.3128.7123.8125 4126.7

Ittill

ties

5.69

7.46.710.7

11.813.314.916.517.517.818.620.122.423.927.231.033.736.539.343.948.251.553.959.3

63.467.072.077.083.688.795.5100.0108.4117.3124.5130.5139.4145.4143.7146.0151.7156.5161.4166.0

168.3169.1168.7172 4180.7

163.1162.0165.8169.3169.7169.8

176.0179.3179.3176.5176.3182.5

181.0176.5180.0182.7182.3184.3181.8180.6180.9180.5180 5178.8

Source: Board of Governors of the Federal Reserve System.280


TABLE B-43.—Industrial production indexes, market groupings, 1947-84

[1967=100; monthly data seasonally adjusted]

Year or month

1967 proportion194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984 "

1983:JanFebMarAprMayJuneJulyAugsepr I:::::::::::::::::::::::::oct .:..:::..:NovDec


JulvAugSeptOcfN o V . •.Dec p

Totalindustrial

production

100.00

39.441138.8

44.948.750654.851.958.561.161.957.964.8

66.266.772,276.581.789.897.8

100.0106.3111.1

107 8109.6119.7129.8129.3117 8130.5138 2146.1152.5

147.0151.0138.6147.6163.5

137.4138.1140.0142.6144.4146.4

149.7151.8153.8155.0155.3156.2

158.5160.0160.81621162.8164.4

165 9166.0165.0164.5165.2166.2

Final products

Total

47.82

38.640.038.8

43.747.250.754.151.355.458.660.357.663.2

65.365.871.475.579.787.695.9

100.0106.2109.6

105.31063115.7124.4125.11182127.6135.9142.2147.2

145.3149.5141.5147.1162.7

140.1138.9139.9142.8144.5146.4

149.0150.7152.1152.7153.2155.2

157.5158.0158.6160.2161.1163.1

165.2165.1164.6165.2166.0167.0

Consumer goods *

Total

27.68

42.443.743.4

49.649.150.253.252.959.061.262.662.168.1

70.772.277.181.385.992.697.3

100.0105.9109.8

109.0114.7124.4131.5128.9124 0137.1145.3149.1150.8

145.4147.9142.6151.7161.8

143.6143.4144.3147.7150.4152.4

154.8156.3157.3156.9156.1157.7

159.5159.4160.2161.4161.7163.0

163.8162.5161.6161.8162.8163.7

Auto-motive

products

2.83

45.347 447.0

59.152.347159.555.473.660.663.550.563.3

72.566.180.187.791.9

113.3112.8100.0119.4118.1

98 8124.4141.4153.0132.8125 8155.71756179.9167.7

1328137.9129.5158.2181.4

136.2144 3142.6144.9152.2160.0

167.0168.1172.9171.3171.5178.4

184.5182.1184.11809179.8184.3

185 0181.8173.0171.3184.2186.5

Homegoods

5.06

37.539136.2

49.943.043.048.644.953.055.754.551.459.0

59.461.366.571.878.488.997.9

100.0106.4113.2

110.2115.6129.5142.5136.8118 8134.11419147.7149.2

138.9142.0129.1141.4151.5

129.1128.8132.8138.1141.8143.2

144.9146.4148.8148.4147.2147.5

151.5151.5151.3151.7151.1152,0

151.8151.9152.0151.3150.2150.9

Equipmen

Total

20.14

30.632 228.7

31.143.351.956.349.350.455.357.551.556.5

58.157.363.767.571.480.794.0

100.0106.5109.3

100.194.7

103.8114.5120.01102114.6123 0132.8142.2

145.2151.8139.8140.8163.8

135.3132 7133.8136.2136.5138.2

141.0143.1144.9147.0149.1151.8

154.9156.1156.4158.5160.3163.3

167.0168.7168.9170.0170.2171.6

Busi-ness

12.63

38.039 534.5

37.045.251.253.346.850.858.861.151.557.9

59.457.762.765.873.784,4977

100.0105.5112.5

107.0104.1118.0134.2142.4128.2135.4147.8160.3171.3

173.2181.1157.9153.3180.7

146.6142 7143.7146.91477150.2

153.3156.61587161.3164.1167.3

1707171.9172.1173.5176.5181.1

185.5187.6186.4187.1187.1188.5

t

De-fenseand

space

7.51

10.312112.7

14.936.651.461.654.249.748.550.750.953.7

55.156.064.969.967.774.988.1

100.0108.2104.0

88.578.879.981.482.480079.881.386.593.4

98.2102.7109.4119.9135.5

116.41161117.0118.2117.6118.0

120.4120.2121.8122.9124.0125.7

128.3129.5130.1133.2133.1133.5

135.9136.8139.5141.1141.8143.8

Inter-mediateproducts

12.89

41.944342.0

48.851.350.954.554.361.764.464.463.069.5

70.071.475779.985.290.696.2

100.0106.3112.9

112.9116.7126.5137.2135.31231137.2145.1154.1160.5

151.9154.4143.3156.6172.5

1437145 3147.8150.8152.2154.5

158.1162.2165.4166.5165.5165.4

167.8169.0170.2171.0171.6173.5

175.8175.1173.0173.7173.7174.7

Total

39.29

39.541237.6

45.049.850,556.151.861.362.862.856.565.2

66.166.272.176.782,992.4

100.7100.0106.5112.5

109.2111.3122.3133.9n?41155131.7138.6148.3156.4

147.6151.6133.7145.2161.5

132.0134 9137.6139.71417143.7

147.81497152.2154.0154.5154.5

156.6159.4160.4161.5162.0162.9

163.5164.0162.81607161.5162.3

Materials2

Dura-ble

goods

20.35

38 339435.3

44.450.551660.352.063763.963.853.764.0

64.863 370.475181.993 8

103.3100.0106.2112.1

1038104.91177134.6132.7109.1128.0136.1149.0157.8

143.0149.1125.0138.6161.8

121.5125.3128.7132.41347137.0

141.1144.2147.4149.4150.3151.3

154.6158.6159.5161.3161.6163.0

164.2165.3164.3163.0163.0163.3

Non-durablegoods

10.47

45 952.554 954754.462.1

63.265 871.375 682.290397.5

100.0108.81157

1154120.2132.9142.2142.61266147.8155.6165.6175.9

171.5174.6157.5174.5185.0

159.7164.0167.5168.7172.1174.3

177.0178.0182.3185.3184.8180.3

181.2184.1185.91857187.4186.7

186.5186.7184.0182.5184.6186.5

1 Also includes clothing and consumer staples, not shown separately.2 Also includes energy materials, not shown separately.Source: Board of Governors of the Federal Reserve System.


TABLE B-44.—Industrial production indexes, selected manufactures, 1947-84

[1967-100; monthly data seasonally adjusted}

Year or month

Durable manufactures

Primarymetals

TotalIronand

steel

Fabri-catedmetalprod-ucts

Non-elec-trical

machin-ery

Electri-cal

machin-ery

Transportationequipment

TotalMotor

vehiclesand

parts

Lumberand

prod-ucts

Nondurable manufactures

Apparelprod-ucts

Printingand

publish-ing

Chem-icalsand

prod-ucts

Foods

1967 proportion..

19471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984 P..

1983:JanFeb..Mar..

6.57 4.21 5.93 9.15 8.05 9.27 4.50 1.64 3.31 4.72 7.74

May-June..

July...,Aug..,Sept..,Oct..,Nov....Dec...

1984:Jan..,..Feb....Mar..

June...

JulyAugSept....Oct.Nov...Dec"...

63.365.855.469.775.869.278.563.582.582.078.562.372.7

72.471.176.382.392.8

102.1108.4100.0104.3113.8106.6100.2112.1126.7123.196.4109.7111.1119.9121.3102.3107.975.385.495.1

73.177.981.283.184.984.8

85.587.5

92.290.4

93.298.497.599.398.297.9

94.594.494.193.090.588.9

49.950.845.856.1

70.193.291.588.266.576.5

77774.277.384.395.9

105.2108.4100.0103.2112.6

104.796.1

107.1122.3119.895.8

104.8103.8113.2113.2

92.499.861.771.579.7

59.064.366.968.569.569.7

71.875.178.284.379.274.1

80.786.084.484.083.583.5

76.577.777.575.672.9

59.958.566.059.467.868.870.663.371.0

71.169.475.477.882.690.897.2

100.0105.6107.9

102.4103.5112.1124.7124.2109.9123.9131.0141.6148.5

134.1136.4114.8120.2137.6

107.6110.3113.9115.3115.5118.5

122.7126.0127.4126.9128.5129.2

131.7132.8134.9135.5136.5138.7

140.6140.0139.5140.7139.6140.9

39.039.233.4

37.547.751.954.046.150.658.057.948.656.7

56.955.462.166.375.685.098.8

100.0101.8109.3

104.4100.2116.0133.7140.1125.1134.5143.6153.6163.7

162.8171.2149.0150.6181.2

138.0136.2138.6143.1146.1149.5

154.2157.3158.3159.2161.8164.3

169.5170.9171.9174.9178.8182.0

186.9189.1187.9187.2186.4187.1

22.223.021.6

29.629.834.039.034.739.943.142.839.247.6

51.654.862.964.768.481.797.9

100.0105.5111.9

108.1107.7122.2143.1143.8116.5134.8145.4159.4175.0

172.8178.4169.3185.5217.5

169.5168.9173.8177.2180.1182.4

188.3189.2195.8198.4200.1201.5

206.2209.9212.0214.6214.5216.0

221.5221.5222.8221.9224.0224.7

31.834.834.941.846.654.268.059.268.066.070.755.863.2

65.461.571.178,080.095.1

102.0100.0111.1108.4

89.597.9

108.2118.3108,797.4

111.1122.2132.5135.4

116.9116.1104.9117.8137.7

106.3109.6110.1111.4113.8116.6

119.7121.1124.7125.5127.3130.8

134.9135.2135.8134.5135.0137.2

140.6141.0137.6137.1141.8142.8

60.581.265.869.051.066.2

74.765.579.888.390.7

115.9113.9100.0120.3116.5

92.3118.6135.8148.8128.2111.1142.0161.1169.9159.9

119.0122.3109.8137.1165.9

113.9123.0123.2125.5130.4136.2

142.3144.3150.9150.9152.9158.9

166.3164.4165.8161.9163.0165.3

169.0169.6162.4161.6171.4172.6

58.961.354.1

65.765.564.768.468.075,975.068.869.979.3

74.778.282.586.392.796.3

100.0100.0105.5107.9

105.6113.8120.8126.0116.2107.6123.2131.2136.3136.9

119.3119.1112.6137.2149.2

130.0130.2128.7132.1135.8137.4

141.3141.6142.3141.7141.0143.8

146.0145.6149.3151.2146.3148.5

146.0148.8149.2152.6152.4

57.860.359.7

64.363.166.367.266.473.375.074.972.880.1

81.782.285.589.192.297.499.9

100.0102.9106.7

101.4104.7109.4117.3114.3107.6125.7134.2134.2134.4

127.0120.4

43.345.446.648.949.749.752.054.159.563.265.463.968.2

71.071.373.977.882.687.994.6

100.0103.2107.4

107.0107.1112.7118.2118.2113.3122.5127.6131.5136.9

139.6144.2144.1152.5169.6

141.3144.0145.9145.7145.2147.4

152.0157.8161.7162.7162.0161.7

163.4164.8165.2166,3167.5169.0

172.6173.1170.5172.2173.9173.5

19.721.321.0

26.229.731.133.634.139.842.745.246.654.3

56.459.265.771.878.887.895.7

100.0109.5118.4

120.4125.9143.6154.5159.4147.2170.9185.7197.4211.8

207.1215.6196.1215.0229.0

197.6202.3205.7208.5211.0214.7

218.3220.3224.1228.4225.6221.1

221.5224.8225.0228.3227.9231.0

232.0231.6230.8229.5230.5

8.75

55.855,255.9

57.959.060.261.462.766.370.171.172.976.5

78.680.983.486.490.492.496.0

100.0102.6106.1

108.9112.8116.8120.9124.0123.4133.0138.8142.7147.5

149.6152.1151.1156.4163.7

154.4153.0152.0153.7155.6157.7

159.9159.3158.2157.6157.1157.7

159.4160.0161.2163.1164.2165.1

164.9164.7164.3165.0

Source: Board of Governors of the Federal Reserve System.

282


TABLE B-45.—Capacity utilization rate, 1948-84

[Percent; quarterly data seasonally adjusted]

Year or quarter

19481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 P

1980:

IIIIIIV

1981:

||IllIV

1982:1IIIIIIV

1983:

||Ill . ...

iv!!!1984:

if ""."".'.".HIIV"

Totalindustry

86987.386.8

80.979.884.488.184.3

74.480.482.684.885.9

80.280.272.175.381.6

84.379.177.480.3

81.481.381.077.0

74.272.671.769.8

71.273.977.378.8

80.581.782.481.7

Total

82.574.2

82 885.885489280.3

87.186483.775.281.9

80 277.481683.585.6

89.691186.987.286.3

79.578.583.587,683.7

72.979.682.284.786.0

79.679.471.175.281.7

83.878.376479.7

80.680.880.375.9

72.971.671.069.0

70.773.877.478.9

80.781.882.581.9

Durablegoods

87.187.285.9

76.574.680.787.283.1

70.377.18 M86.086.7

77.878.268.272.481.5

83.076.573 978.0

79.279.879.274.3

70.569.168.165.1

67.270.774.776.9

79.981.282.682.2

Manufacturing

Non-durablegoods

86.887.187.0

83.984.087.488.184,7

76.683.085.085.686.3

81.881.174.878.882.1

85.080.779 781.9

82.482.081.878.0

75.874.774.874.0

75.177.880,781.3

81.682.582.481.6

!

Primaryprocessing

87.276.2

88 590.284.989 480.6

92.189.784.775.483.4

79.877.981.683.887.8

91.191.485.787.788.5

82.982.388.192.487.8

73.882.384.687.989.5

80.380.868.975.881.8

87.278.074.881.3

83.582.681.975.2

71.568.868.666.8

70,574.678.379.9

81.782.481.981.4

Advancedprocessing

80.073.3

79 883.485 989380.1

84.384,583.175.181.1

80 477.281.783.484.6

88.991287.786.985.2

77.676,481.085.081.5

72.578.280.982.984.0

79.278.772.374.981.7

82.278.577.378.7

79.179.779.476.3

73.773.172.370.2

71.173.576.978.2

80.381.482.882.1

Mining

81583.986.0

88.586.489.190.290.2

87.687.787.887.985.2

86.488.676.670.575.8

88.086.984 486.7

90.286190.488.1

86.278.371.170.9

70.667.970.273.1

75.075.477.775.3

Utilities

92 494.295.6

94.892.894.092.986.9

84.384.984.984.585.2

84.783.481.981.983.6

84.984.185 884.0

82.984.184.182.5

83.482.981.380.1

78.580.884.484.0

83.885.083.582.4

Industrialmaterials

85987.388.3

82.481.486.991787.0

73.381.182 685.687.6

80.480 770.175.282.1

86.279.275 680.6

82.781982,076.2

73.070.769.467.1

70.173.577,579.6

81.682.782.981.4



TABLE B-46.—New construction activity, 1929-84

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

1929

1933

1939

19401941194219431944

19451946

New series194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 ".

Totalnew

construc-tion

10.8

2.9

8.2

8.712.014.18.35.3

5.814.3

20.026.126.7

33.635.436.839.141.4

46.547.649.150.055.4

54.756.460.264.868.0

74.176.878.587.594.3

95.2110.3124.4138.4139.2

135.9151.1173.8205.6230.4

230.7239.1230.1262.2311.9

Private construction

Total

8.3

1.2

4.4

5.16.23.42.02.2

3.412.1

16.721.420.5

26.726.226.027.929.7

34.834.935.134.639.3

38.939.342.345.547.7

52.052.852.959.966.3

67.180.494.2

105.9100.9

95.1112.0135.7159.7181.6

175.7185.8179.1211.4256.2

Residentialbuildings1

Total2

3.6

.5

2.7

3.03.51.7.9

9.913.112.4

18.115.915.816.618.2

21.920.219.019.824.3

23.023.125.227.928.0

27.925.725.630.633.2

31.943.354.359.750.4

46.560.581.093.499.0

87.386.674.8

111.7135.1

Newhousing

units

3.0

7.810.510.0

15.613.212.913.414.9

18.216.114.715.419.2

17.317.119.421.721.8

21.719.419.024.025.9

24.335.144.950.140.6

34.447.365.775.878.6

63.162.751.986.1

102.8

Nonresidential buildings and otherconstruction»

Total

4.7

1.7

2.12.71.71.11.4

2.15.8

6.98.28.0

8.610.310.211.311.5

12.914.716.114.815.1

15.916.217.217.619.7

24.127.127.329.333.1

35.337.240.046.250.5

48.651.454.766.282.6

99.2104.399.6

121.0

Com-mercial3

1.1

1.01.41.2

1.41.51.11.82.2

3.23.63.63.63.9

4.24.75.15.05.4

7.89.4

9.811.613.515.515.9

12.812.814.818.624.9

29.934.237.335.849.4

Indus-trial

0.9

1.71.41.0

1.12.12.32.22.0

2.43.13.62.42.1

2.92.82.82.93.6

6.06.8

6.55.44.76.27.9

8.07.277

11.015.0

13.817.017.312.914.5

Other*

2.6

4.25.55.9

6.16.76.87.37.2

7.38.09.08.89.0

8.98.79.29.7

10.7

15.516.9

19.020.121.824.526.7

27.831.532.236.742.7

44.747.949.751.057.2

Public construction

Total

2.5

1.6

3.8

3.65.8

10.76.33.1

2.42.2

3.34.76.3

6.99.3

10.811.211.7

11.712.714.115.516.1

15.917.117.919.420.4

22.124.025.527.628.0

28.129.930,232.538.3

40.939.138.245.948.8

55.053.351.050.855.8

Federal

0.2

1.23.89.35.62.5

1.7.9

1.21.5

1.63.04.24.13.4

2.82.73.03.43.7

3.63.93.94.03.9

4.04.03.53.43.3

3.34.04.44.95.3

6.37.07.38.48.6

9.610.410.110.611.2

State andlocal5



TABLE B-46.—New construction activity, 1929-84—Continued

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

1983:J3nFeb

AprivfayJune



July ... .AugSeptOctNovp.Decp

newconstruc-

tion

244 8245.0243 2248.7254.9264.1

272 3278.02817267.9267 0263.9

280.93004309.73086316.4315.3

314.2318.0318.7317.9316 0318.7

Private construction

Total

1910195.3195 2200.1205.2213.1

220 2224.7229 6219.2217 4213.3

230.02481255.02541261.2257.8

258 2261.2260 9261.2259 8262.8

Residentialbuildings'

Total2

90 795.698 5

103.5108.5113.7

120 9126.8128 6118.6113 5109.7

121.9137 4141.1136 6138.4136.4

137 8138.91371135.2132 2130.4

Newhousing

units

64.370.273 878.683.288.2

91.293.993 894.294 995.0

96.9102.3102.4102.7106.4105.0

104.6105.0103.2103.4102.1100.8

Nonresidential buildings and otherconstruction'

Total

100.399.796796.596.799.4

99.397.9

1010100.6104 0103.6

108.0110 7113.9117 5122.8121.4

120.4122.2123.8126.0127 6132.3

Com-mercial 3

36.435.034 033.433.534.8

35 636.437.237.438137.4

41.142145.347 449.748.9

48.449.550.953.554658.2

Indus-trial

15113.813 613.012.813.3

13 013.612 610.411612.2

12.914 014.413615.214.1

13.814.614.914.915 415.7

Other*

48.850.949.150.250.351.4

50.747.951.352.854.254.0

54.154.754.256.557.958.4

58.258.158.057.557.758.5

Public construction

Total

53.849.748 048.749.751.0

52.053.352.148.849 650.6

50.952 354.854 555.257.5

56056.957.856.756156.0

Federal

10.610.310 510.610.29.9

11.310.910910.010.4'11.5

10.210 610.911111.211.8

10.511.312.111.311.511.3

State andlocal*

43139.437 638.139.541.1

40 742.341238.839 239.1

40.841743.843444.045.7

45.445.645.745.444.644.7

1 Beginning I960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidential buildings andother construction.

2 Total includes additions and alterations and nonhousekeeping units, not shown separately.3 Office buildings, warehouses, stores, restaurants, garages, etc.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities, and allother private.

5 Includes Federal grants-in-aid for State and local projects.Source: Department of Commerce, Bureau of the Census.


TABLE B-47.—New bousing units started and authorized, 1959-84

[Thousands of units]

Year or month

New housing units started

Private and public1

Total(farm andnonfarm)

Nonfarm

Private (farm and nonfarm)1

TotalType of structure

l u n i t 2 to 4 5 unitsunits or more

New private housing units authorized*

Total

Type of structure

1 unit 2to4units

5 unitsor more

1959...

1960...1961...1962...1963...1964...

1965...1966...1967...1968....1969...

1970...1971...1972...1973...1974...

1975...1976...1977...1978...1979...

1980...1981...1982...1983...1984".

1983:JanFebMarAprfay....June....

JulyAug

SiNovDec

1984:JanFebMarnday".'.'.;June....

JulyAugSept....Oc?NovDec...

1,553.7

1,296.11,365.01,492.51,634.91,561.0

1,509.71,195.81,321.91,545.41,499.5

1,469.02,084.52,378.52,057.51,352.5

1,171.41,547.6

12,001.72,036.11,760.0

1,312.61,100.31,072.11,712.51,751.0

92,996.7

135.8136.4175.5173.8

161.9177.8156.8159.9136.4108.5

109.3130.4138.1173.0182.2184.3

163.1147.8149.6152.7123.796.9

1,531.3

1,274.01,336.81,468.71,614.81,534.0

1,487.51,172.81,298.81,521.41,482.3

1,517.0

1,252.21,313.01,462.91,603.21,528.8

1,472.81,164.91,291.61,507.61,466.8

1,433.62,052.22,356.62,045.31,337.7

1,160.41,537.51,987.12,020.31,745.1

1,292.21,084.21,062.21,703.01,744.7

1,6321,7061,5921,5491,7791,743

1,7931,8731,6791,6721,7301,694

1,9802,2621,6622,0151,7941,877

1,7541,5541,6831,5351,5541,587

1,234.0

994.7974.3991.4

1,012.4970.5

963.7778.6843.9899.4810.6

812.91,151.01,309.21,132.0

888.1

892.21,162.41,450.91,433.31,194.1

852.2705.4662.6

1,067.61,079.9

283.0

257.4338.7471.5590.8

108.4 450.0

86.661.171.680.985.0

84.8120.3141.3118.368.1

64.085.9

121.7125.0122.0

109.591.180.0

113.5121.8

422.5325.1376.1527.3571.2

535.9780.9906.2795.0381.6

204.3289.2414.4462.0429.0

330.5287.7319.6522.0543.0

1,208.3

998.01,064.21,186.61,334.71,285.8

1,239.8971.9

1,141.01,353.41,323.7

1,351.51,924.62,218.91,819.51,074.4

939.21,296.21,690.01,800.51,551.8

1,190.6985.5

1,000.51,605.21,645.4

938.3

746.1722.8716.2750.2720.1

709.9563.2650.6694,7625.9

646.8906.1

1,033.1882.1643.8

675.5893.6

1,126.11,182.6

981.5

710.4564.3546.4901.5893.6

Seasonally adjusted annual rates

77.1

64.667.687.1

118.9100.8

84.861.073.084.385.2

88.1132.9148.6117,064.3

63.993.1

121.3130.6125.4

114.5101.888.3

133.6140.0

192.9

187.4273.8383.3465.6464.9

445.1347.7417.5574.4612.7

616.7885.7

1,037.2820.5366.2

199.8309.5442.7487.3444,8

365,7319.4365.8570.1611.9

1,0871,0661,0161,0301,1501,124

1,0481,1241,0381,0171,0741,021

1,3011,4631,0711,1961,1311,084

990932

1,016964

1,0091,064

97116103113102118

12710911596130133

114148137169116107

118113109106124122

448524473406527501

618640526559526540

565651454650547686

646509558465421401

1,4311,4561,4921,5561,6601,764

1,7521,6711,5401,6501,6491,602

1,7991,9021,7271,7581,7451,768

1,5651,5061,4401,4181,5911,588

862831859860943

1,010

930900864905919913

9891,083974957913916

823803841794824822

118115124138136141

138132130144141143

155151162155163151

138140122116138123

451510509558581613

684639546601589546

655668591646669701

604563477508629643

1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department ofHousing and Urban Development "Turnkey" program are classified as private housing. Military housing starts, including those financedwith mortgages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded fromtotal private starts.

2 Authorized by issuance of local building permit: in 16,000 permit-issuing places beginning 1978; in 14,000 places for 1972-77; in13,000 places for 1967-71; in 12,000 places for 1963-66; and in 10,000 places prior to 1963

3 Not available separately beginning January 1970.Source: Department of Commerce, Bureau of the Census.


TABLE B-48.—Business expenditures for new plant and equipment, 1947-8$


Year or quarter

194719481949

1950195119521953195419551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984*

1985 «

1983:|||HIIV

1984:|||HIIV4

1985:|4

||*

Industries surveyed quarterly

Allindus-tries

19.6422.2719.78

21.0726.2627.5929.3528.36

304437.4140.0533.4635.49

39.08380240.5343.3350.90

591570.0072.3575 9585.25

91.3792.26102.73118.54137.20

138.28150 91174.68203.54240.22

264.44289.37282.71269.22307.59

333.40

261.71261.16270.05283.96

293.15302.7031311321.40

337.85344.86

Manufacturing

Total

8.739.257 32

7.73110712.1212 4312.00

12 5016.3317 5012.9813.76

16.3615 5316.0317 2721.23

254131.3732 2532 3436 27

36.9933 6035.4242.3753.21

54 92599569.2279 7298.68

115.81126 79119.68111.53131.01

146.25

109.86108.79111.12116.36

122.78127.67134 49139.09

146.00151.23

Dura-ble

goods

3.393.542.67

3.225.125.755.715.49

5.878.198.596.216.72

8.287 437.818.6410.98

13.4917.2317.8317 9319.97

19.8016.7818.2222.7527.44

26.3328 4734.04404351.07

58.9161.8456.4451.7863.02

71.79

50.7448.4853.0654.85

58.9460.2065.4467.49

71.0974.36

Non-durablegoods

5.345.714.64

4.515.956.376.726.51

6.628.158.916.777.04

8.088.108.228.6310.25

11.9214.1514.4214 4016.31

17.1916.8217.2019.6225.76

28.59314735.1839.2947.61

56.9064.9563.2359.7567.99

74.46

59.1260.3158.0661.50

63.8467.4669.0671.60

74.9176.87

Non manufacturing

Total *

10.9113.0212.47

13.3415.1915.4716.9216.36

17.9421.0822.5420.4721,73

22.7322.4824.5026.0629.67

33.7538.6240.1043.6248.98

54.3858.6667.3176.1783.99

83.3690.96105.46123.82141.54

148.63162.58163.03157.69176.58

187.15

151.85152.38158.93167.60

170.37175.03178.61182.31

191.85193.63

Min-ing

0.69.93.88

.841.111.211.251.29

1.311.641.691.431.35

1.291.261.411.261.33

1.361.421.381.441.77

2.022.672.883.314.62

6.107449.2410.2111.38

13.5116.8615.4511.8312.90

13.54

12.0310.9111.9312.43

13.9512.1312.6112.92

12.5713.04

Trans-portation

2.212.662.30

2.383.052.992.972.42

2.603.073.352.343.17

3.192823.263.364.46

5.466.436.346.797.04

6.955.936.727.418.23

8.688 899.4010 6812.35

12.0912 0511.95112012.91

13.52

11.0410.8811.0011.86

11.4612.9513 6513.56

13.0013.47

Publicutili-ties

1.642.673.28

3.423.753.964.614.23

4.264.785.955.745.46

5.405.205.125.335.80

6.497.829.3310.5211.70

13.0314.7016.2617.9719.83

19.9822 3726.79299533.96

35.4438.4041.9542.0044.17

44.82

41.6141.4842.2242.69

43.6244.6144.7543.70

45.2146.20

Com-mercialandother

6.386.776.01

6.707.297.318.098.42

9.7711.5911.5610.9711.74

12.8513.2114.7116.1118.08

20.4422.9623.0624.8828.47

32.3935.3641.4547.4951.31

48.6052 2760.0372 9983.85

87.5995.2793.6892.67106.61

115.28

87.1789.1093.79100.62

101.35105.35107.61112.12

121.07120.93

Addenda

Totalnon-farmbusi-ness2

21.8025.4623.54

25.3230.8331.5933.5833.13

36.5844.7648.1242.1744.78

48.6347 8251.2853.2561.66

70 4382.2283.4288 4599.52

105.61108.53120.25137.70156.98

157 7117145198.0823124270.46

295.6332149316.43302.50

Manu-facturing

8.739.257.32

7.7311.0712.1212.4312.00

12 5016.3317.5012.9813.76

16.3615 5316.0317 2721.23

25 4131.3732.2532 3436.27

36.9933.6035.4242.3753.21

54.9259 9569.2279 7298.68

115.8112679119.68111.53131.01

146.25

109 86108.79111.12116.36

122.78127.67134 49139.09

146.00151.23

Nonmanufacturing

Total

13.0716.2116.22

17.5919.7619.4721.1621.13

24.0828.4330.6229.1931.02

32.2832 2935.2535 9940.43

45 0250.8451.18561163.25

68.6274.9384.8295.33103.78

102.7911150128.871515217177

179.81194 70196.75190.97

Sur-veyedquar-terly

10.9113.0212.47

13.3415.1915.4716.9216.36

17 9421.0822 5420.4721.73

22.7322 4824.5026 0629.67

33 7538.624010436248.98

54.3858.6667.3176.1783.99

83.369096105.4612382141.54

148.63162.58163.03157.69176.58

187.15

15185152.38158.93167.60

170.37175.03178.61182.31

191.85193.63

Sur-veyedannu-ally9

2.163.193 76

4 254 574.004 234.76

6147.358 088.729.29

9 559 8010759 9310.76

112712.22110712 5014 27

14.24162617.5119.1619.78

194320 5423.4027 7030.24

31.18321233.723328

1 Excludes forestry, fisheries, and agricultural services; medical services; professional services; social services and membershiporganizations; and real estate, which, effective with the April-May 1984 survey, are no longer surveyed quarterly. See last column("nonmanufacturing surveyed annually") for data for these industries.2 "All industries plus the part of nonmanufacturing that is surveyed annually.3 Consists of forestry, fisheries, and agricultural services; medical services; professional services; social services and membershiporganizations; and real estate.4 Planned capital expenditures as reported by business in late October and November 1984, corrected for biases.

Note.—For details about the reduced industry coverage of the plant and equipment survey, see Survey of Current Business, January 1984.Source: Department of Commerce, Bureau of Economic Analysis.

287


TABLE B-49.—Sales and inventories in manufacturing and trade 1947-84

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

Total manufacturing andtrade

Sales1

35,26033,788

38,59643,35644,84047,98746,443

51,69454,06355,87954,20159,729

60,82761,15965,66268,99573,682

80,28387,18790,34898,104105,003

107,448116,017130,030153,412177,625182,230204,277229,624260,263297,565

327,113355,762343,504367,096

345,890342,742348,227351,012360,488368,971

370,181373,283379,229382,457386,564395,682

401,133398,815401,905405,880412,725414,124

411,410411,176410,505410,621414,833

Inven-tories2

52,50749,497

59,82270,24272,37776,12273,175

79,51687,30489,05287,09392,129

94,71395,594101,063105,480111,503

120,907136,790144,796155,697169,343

177,556187,766201,950233,237285,807

288,375318,544351,055398,459449,542

491,431523,623505,546514,336

502,209503,043499,370500,263501,035500,615501,379504,284506,984509,171511,453514,336

518,062527,216532,766541,060545,912546,834

551,366556,519560,430563,810564,506

Ratio »

1.421.53

1.361.551.581.581.60

1.471.551.591.601.50

1.561.541.501.491.47

1.451.471.561.541.55

1.621.581.491.411.45

1.571.481.461.441.43

1.451.431.501.37

1.451.471.431.431.391.36

1.351.351.341.331.321.30

1.291.321.331.331.321.32

1.341.351.371.371.36

Manufacturing

Sales1

15,51317,31616,12618,63421,71422,52924,84323,35526,48027,74028,73627,24730,286

30,87930,92333,35735,05837,331

40,99544,87046,48750,22853,501

52,80555,90663,02372,93784,794

86,59598,802113,202126,905143,936

154,391168,129159,193170,617189,442

159,020158,184161,809162,997166,603171,756171,408174,112177,521177,324180,875186,352

184,406185,005188,479187,332189,376190,401

190,658192,006190,151190,521191,978193,549

Invento-

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,24152,94553,78054,88558,18660,04663,409

68,18577,95284,66490,61898,202

101,651102,658108,238124,628157,792

159,934175,193189,214210,385240,942

264,089282,059264,599260,426285,808

261,901261,042257,803257,748258,281257,661257,699259,074259,168259,569259,873260,426

260,884264,074267,379270,392274,593277,481280,019283,525285,185286,426285,833285,808

1.581.571.75

1.481.661.781.761.81

1.621.731.801.841.70

1.751.741.701.691.64

1.601.621.761.741.77

1.901.831.671.581.65

1.841.691.611.571.57

1.661.641.731.521.46

1.651.651.591.581.551.50

1.501.491.461.461.441.40

1.411.431.421.441.451.46

1.471.481.501.501.491.48

Merchant wholesalers

Sales1

6,8086,514

7,6958,5978,7829,0528,9939,89310,51310,47510,25711,491

11,65611,98812,67413,38214,529

15,61116,98719,44820,84622,609

23,94326,25729,58438,01447,74846,62350,69455,98766,11778,680

92,658100,67394,76598,649

94,34492,34792,61492,89096,64698,57799,941100,894102,171104,210103,793106,892

110,125108,328109,553111,043115,112114,401

113,310112,564112,114111,367111,955

Invento-ries2

7,9577,7069,2849,88610,21010,68610,637

11,67813,26012,73012,73913,879

14,12014,48814,93616,04817,000

18,31720,76524,83326,13428,624

32,03835,04538,63345,37256,94856,69764,07872,31185,56898,008

111,792115,854115,563118,067

115,030114,425114,569114,902113,557113,172

114,124114,227115,674116,825116,958118,067

119,201120,411121,477123,785124,368123,994

126,227126,676128,205128,723129,578

Ratio3

1.131.19

1.071.161.121.171.18

1.131.191.231.241.15

1.221.201.161.151.14

1.151.151.241.231.22

1.271.271.241.111.07

1.211.191.211.201.18

1.141.131.231.17

1.221.241.241.241.171.15

1.141.131.131.121.131.10

1.081.111.11U l1.081.08

1.111.131.141.161.16

Retail trade

Sales1

10,20011,13511,14912,26813,04613,52914,09114,095

15,32115,81116,66716,69617,95118,29418,24919,63020,55621,823

23,67725,33024,41327,03028,893

30,70033,85337,42242,46245,08249,01254,78160,43567,24274,948

80,06486,96089,54797,831107,985

92,52692,21193,80495,12597,23998,63898,83298,27799,537100,923101,896102,438

106,602105,482103,873107,505108,237109,322107,442106,606108,240108,733110,900110,815

Invento-ries2

14,24116,00715,470

19,46021,05021,03121,48820,92622,76923,40224,45124,11325,30526,81326,22127,94129,38631,09434,40538,07335,29938,94542,51743,86750,06355,07963,23771,06771,74479,27389,530102,504110,592

115,550125,710125,384135,843

125,278127,576126,998127,613129,197129,782129,556130,983132,142132,777134,622135,843

137,977142,731143,910146,883146,951145,359145,120146,318147,040148,661149,095

1.381.641.521.531.511.431.471.441.431.401.451.431.381.391.401.391.441.431.381.411.411.411.401.401.481.441.381.401.431.44

1.411.391.391.33

1.351.381.351.341.331.321.311.331.331.321.321.33

1.291.351.391.371.361.331.351.371.361.371.34

Ratio s

1.261.391.41

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period.3 Inventory/sales ratio. For annual periods, ratio of weighted average inventories to average monthly sales; for monthly data, ratio of

inventories at end of month to sales for month.Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale and

retail trade.The inventory figures in this table do not agree with the estimates of change in business inventories included in the gross national

product since these figures cover only manufacturing and trade rather than all business, and show inventories in terms of current bookvalue without adjustment for revaluation.



TABLE B-50.—Manufacturers*shipments and inventories, 1947-84

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

Shipmentsl

Total

Dura-ble

indus-tries

Non-durablegoodsindus-tries

Inventories2

Total

Durable goods industries

TotalMate-

rials andsupplies

Workin

proc-ess

Finished

Nondurable goods industries

TotalMate-

rials andsupplies

Workin

proc-

19471948194919501951195219531954

19551956195719581959

1960196119621963196419651966196719681969

1970197119721973 .1974

1975197619771978197919801981198219831984 P.....

1983:JanFebMar

jfcJune...{yAugSept....OctNovDec

1984:JanFebMar

June....JulyAugSept....OriNovDec"...

15,51317,31616,12618,63421,71422,52924,84323,35526,48027,74028,73627,24730,28630,87930,92333,35735,05837,33140,99544,87046,48750,22853,501

52,80555,90663,02372,93784,794

86,59598,802113,202126,905143,936

154,391168,129159,193170,617189,442

159,020158,184161,809162,997166,603171,756171,408174,112177,521177,324180,875186,352

184,406185,005188,479187,332189,376190,401

190,658192,006190,151190,521191,978193,549

6,6947,5797,1918,84510,49311,31313,34911,82814,07114,71515,23713,56315,609

15,88315,61617,26218,28019,637

22,22124,64925,26727,65929,437

28,18829,95434,02439,68644,228

43,65650,68959,26767,84876,060

77,55083,87276,85985,12698,639

78,00577,89679,65380,12482,01185,59485,07686,73088,96389,18192,31196,351

95,28396,29796,99095,69797,94499,042

98,390101,03598,943100,427101,778101,826

8,8199,7388,935

9,78911,22111,21611,49411,527

12,40913,02513,49913,68414,677

14,99615,30716,09516,77817,694

18,77420,22021,22022,57024,064

24,61725,95229,00033,25040,567

42,93948,11353,93559,05767,876

76,84184,25782,33485,49190,802

81,01580,28882,15682,87384,59286,16286,33287,38288,55888,14388,56490,001

89,12388,70891,48991,63591,43291,35992,26890,97191,20890,09490,20091,723

25,89728,54326,32131,07839,30641,13643,94841,612

45,06950,64251,87150,24152,945

53,78054,88558,18660,04663,409

68,18577,95284,66490,61898,202

101,651102,658108,238124,628157,792

159,934175,193189,214210,385240,942

264,089282,059264,599260,426285,808

261,901261,042257,803257,748258,281257,661257,699259,074259,168259,569259,873260,426

260,884264,074267,379270,392274,593277,481

280,019283,525285,185286,426285,833285,808

13,06114,66213,060

15,53920,99123,73125,87823,710

26,40530,44731,72830,25832,077

32,37132,54434,63235,86638,506

42,25749,92055,00558,87564,73966,78066,28970,25081,398

101,739102,874112,581121,601137,825160,451174,552186,053175,009171,571191,168

172,844172,079170,144170,368171,065170,154

169,679170,283170,084170,219170,656171,571

171,549173,203175,751177,993180,578182,452

184,559187,142188,915190,476190,428191,168

8,9667,8949,194

10,41710,60810,03210,77610,35310,27910,81011,06811,97013,32515,48916,45517,37618,693

19,18219,75920,86026,02835,151

33,92037,54840,25145,18552,606

55,07757,85952,47551,64056,439

51,56151,23150,42650,54850,80550,56450,20650,75950,82150,90951,17451,640

51,91052,22852,86653,07253,96754,420

55,33956,08956,57856,65256,00956,439

10,7209,721

10,75612,31712,83712,38713,063

12,77213,20314,15914,87116,19118,07521,93925,00527,33630,40829,84828,65030,78835,54542,603

43,36946,34550,62058,66969,277

77,00280,97777,72477,37288,439

77,16976,87576,18476,27776,75276,211

76,18976,33576,40176,78876,58277,372

77,05878,17379,92681,46582,65883,863

84,76586,03486,91687,84988,102

6,2066,0406,3487,5658,1257,8398,239

9,2459,0639,6629,92510,344

10,85412,49113,54714,16315,63917,75117,88018,60119,82323,98525,58628,69030,73033,97138,568

42,47347,21744,81042,55946,290

44,11443,97343.53443,54343,50843,37943,28443,18942,86242,52242,90042,559

42,58142,80242,95943,45643,95344,16944,45545,01945,42145,97546,31746,290

12,83613,88113,261

15,53918,31517,40518,07017,902

18,66420,19520,14319,98320,86821,40922,34123,55424,18024,903

25,92828,03229,65931,74333,463

34,87136,36837,98843,23056,05357,06062,61267,61372,56080,49189,53796,00689,59088,85594,640

89,05788,96387,65987,38087,21687,507

88,02088,79189,08489,35089,21788,855

89,33590.87191,62892,39994,01595,029

95,46096,38396,27095,95095,40594,640

8,3178,1678,5563,9718,7758,6629,0809,0829,4939,8139,978

10,13110,44811,15511,71512,28912,724

13,15013,68314,67618,13223,699

23,54225,83327,39829,30832,447

36,17637,66135,07436,06636,702

34,95634,85334,63234,47234,41134,73634,60635,39435,73135,68235,55836,066

36,48637,06336,95636,93137,64237,495

37,61837,64337,64837,43537,25036,702

2,4722,4402,5712>212,8642,8282,944

2,9463,11032963,4063,511

3,8064,2044,4214,8485422

5,2745,6655,9826,7078,175

8,8379,933

11,00311,92213,75915,74516,05114,30914,48514,696

14,37714,45614,22114,36914,21114,26614,46814,44114,49014,64714,84114,485

14,65614,73914,75914,86215,02215,160

15,03815,23914,95814,96214,834

1 Monthly average for year and total for month.2 Book value, seasonally adjusted, end of period.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.

289


TABLE B-51.—Manufacturers' new and unfilled orders, 1947-84

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

New orders l

Total

Durable goodsindustries

Total

Capitalgoodsindus-tries,non-

defense

Non-durable

Unfilled orders2

TotalDurablegoods

industries

Non-durable

Unfilled orders-shipmentsratio»

TotalDurablegoods

industries

Non-durablegoodsindus-tries

19471948194919501951195219531954

19551956195719581959

19601961196219631964

1965196619671968196919701971197219731974

1975197619771978197919801981198219831984"....1983:

JanFebMar..

June..July...Aug...Sept..Oct....Nov...Dec...

1984:JanFebMar....

June...

atNovDec

15,25617,69315,614

20,11023,90723,20423,58622,335

27,46528,36827,55927,00230,72430,23531,10433,43635,52438,357

42,10046,40247,05650,68753,95052,03855,98364,16776,05687,244

85,22099,532115,032131,546147,403156,161167,761157,389173,433191,599

162,848157,844162,368165,869168,090175,877

174,451176,360180,336182,911186,606188,374

188,671191,336196,477189,715193,680190,620194,037192,578189.817185,856194,168192,845

6,3888,1266,633

10,16512,84112,06112,14710,76814,99615,36514,11113,29016,00315,30315,75917,37418,70920,65223,27826,17725,82528,11629,871

27,38829,99835,06442,72646,835

42,09951,40361,08272,33979,451

79,36083,56275,12987,806100,849

81,83777,51579,80182,86583,28689,46087,87888,82091,50994,77697,99198,444

99,439102,345105,18398,317102,25699,171101,704102,01598,67696,067104,037101,002

6,9037,660

6,7387,m8,62210,97112,67311,01112,79115,29119,45823,23123,25924,05020,68122,76426,854

20,48219,17220,13121,96021,84923,82722,06022,88725,29525,49924,68024,893

25,09327,01826,86025,88528,95828,029

27,64826,49927,83525,37827,12625,501

9,5668,9819,94511,06611,14311,43911,566

12,46913,00313,44813,71214,720

14,93215,34516,06116,81517,705

18,82320,22521,23122,57124,079

24,65025,98629,10433,33040,40943,12248,12953,95059,20767,95376,80184,19982,26085,62790,750

81,01180,32982,56783,00484,80486,41786,57387,54088,82788,13588,61589,930

89,23288,99191,29491,39891,42491,449

92,33390,56391,14189,78990,13191,843

34,47330,73624,045

41,45667,26675,85761,17848,266

60,00467,37553,18347,37052,73245,08047,40748,57754,32766,88280,07198,401104,547109,926115,422

106,158107,147121,061158,884188,467172,037180,562203,475259,755301,982

323,312318,794296,147330,122356,059

299,976299,636300,195303,067304,554308,675311,718313,967316,782322,369328,099330,122

334,385340,725348,717351,099355,398355,625

358,990359,564359,232354,566356,756356,059

28,57926,61919,62235.43563,39472,68058,63745,25056,24163,88050,35244,55949,37342,51444,37545,96551,27063,691

76,29894,575100,576105,950111,250

101,566102,119114,725151,504182,925

164,139172,273195,008249,461290,750312,564308,767287,014319,303345,861

290,847290,466290,614293,355294,630298,496301,298303,389305,935311,530317,209319,303

323,457329,512337,702340,320344,631344,765

348,065349,048348,782344,422346,678345,861

5,89441174,4236,0213,8723,1772,5413,0163,7633,4952,8312,8113,359

2,5663,0322,6123,0573,191

3,7733,8263,9713,9764,172

4,5925,0276,3367,3805,542

7,8988,2888,467

10,29411,23210,74810,0279,13310,81910,198

9,1299,1709,5819,7129,924

10,17910,42010,57810,84710,83910,89010,819

10,92811,21311,01510,77910,76710,860

10,92510,51610,45010,14410,07810,198

3.423.633.873.353.093.012.782.632.692.803.103.333.813,703.853.753.653.383.313.864.13

3.763.303.273.593.87

3.803.763743.373.41

3.673.703.613.63

3.543.533.483.513.473.37

3.473.513.553.593.553.49

3.553.513.523.433.443.41

4.124.274.554.003.693.54

3.373.133.243.373.723.954.554.404.654.50

4.394.063.904.564.964.523.943.894.214.604.544.564.634.084.12

4.534.564.434.464.414.28

4.334.324.234.284.224.08

4.234.264.304.384.334.254.334.274.284.184.164.12

0.961.121.04.85.86.94

.72

.79

.68

.73

.72

.80

.76

.73

.77

.77

.88

.93

.64

.84

.76

.70

.78

.76

.67

.59

.53

.55

.50

.52

.53

.54

.55

.55

.55

.56

.56

.58

.56

.56

.55

.55

.56

.55

.54

.52

.52

.53

.51

.51

.49

.49

.50

1 Monthly average for year and total for month.* Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual figures relate

to seasonally adjusted data for December.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.

290


PRICES

TABLE B-52.—Consumer price indexes, major expenditure classes, 1946-84

[1967=100]

Year ormonth

Allitems

Food andbeverages

Total1 Food

Housing

Total2 ShelterFuel and

otherutilities3

House-hold

furnish-ingsand

oper-ation2

andupkeep

Trans-portation

Medicalcare

Enter-tainment

Other

andservices

Ener-g y 3

1946194719481949

1950195119521953195419551956195719581959

58.566.972.171.4

72.177.879.580.180.580.281.484.3

196019611962.1963196419651966196719681969

88.789.690.691.792.994.5

1970197119721973197419751976..197719781979....

1980....1981198219831984....1983:

Jan..FebMar

June...

JulyAugSept...OciNovDec

1984:JanFebMar

fcJune...JulyAugSept....OctNovDec

97.2100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4311.1

293.1293.2293.4295.5297.1298.1

299.3300.3301.8302.6303.1303.5

305.2306.6307.3308.8309.7310.7

311.7313.0314.5315.3315.3315.5

100.0103.6108.8

114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5

248.0267.3278.2284.4295.1

280.7281.6283.2284.6285.0284.7

284.7284.9285.3285.7285.3286.5

291.6294.2294.3294.5293.6294.3

295.3296.9296.4296.6296.3297.2

58.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

254.6274.6285.7291.7302.9

288.1289.0290.5291.9292.4292.0

292.0292.2292.6292.9292.5293.9

299.4302.1302.2302.3301.4302.0

303.2304.8304.2304.4304.1305.1

60.665.269.870.9

72.877.278.780.881.782.383.686.287.788.6

90.290.991.792.793.894.997.2

100.0104.0110.4

118.2123.4128.1133.7148.8164.5174.6186.5202.8227.6

263.3293.5314.7323.1336.5

317.9318.5318.6320.3321.8323.1

324.5324.8326.4326.8327.0327.4

329.2331.0331.5333.2334.6336.2

338.1339.5341.4341.2340.9341.2

76.578.279.180.483.485.186.0

87.888.589.690.792.293.896.8

100.0104.8113.3

123.6128.8134.5140.7154.4169.7179.0191.1210.4239.7

281.7314.7337.0344.8361.7

338.3339.2339.3341.7342.7343.6

345.3346.6348.5349.8351.1351.8

353.2354.0355.5357.8358.9360.2

362.7364.6366.5367.8368.9370.1

83.083.585.187.389.991.793.8

95.997.197.398.298.498.398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3

278.6319.2350.8370.3387.3

365.4364.6363.8363.6369.3373.6

375.5375.1376.4374.4371.3370.6

376.0383.0380.1380.9385.5390.0

393.9395.5397.0392.4387.5386.0

91.390.989.989.991.992.393.1

93.893.793.894.695.095.397.0

100.0103.8107.7

111.5115.7118.3121.6135.3151.0160.1167.5177.7190.3205.4221.3233.2238.5242.5

235.8236.7237.6239.0238.4238.6

238.9238.0238.9239.4239.9240.5

240.4240.4241.2242.3242.4242.3

241.9242.2244.1244.3244.2244.2

67.578.283.380.1

79.086.185.384.684.584.185.887.387.588.2

89.690.490.991.992.793.796.1

100.0105.4111.5

116.1119.8122.3126.8136.2142.3147.6154.2159.6166.6

178.4186.9191.8196.5200.2

191.0192.0194.5195.5196.1195.6

195.0197.3200.4200.7200.7199.3

196.4196.2198.8199.2198.9197.4

196.6200.1204.2205.7205.2203.2

50.355.561.866.4

68.272.577.379.578.377.478.883.386.089.6

89.690.692.593.094.395.997.2

100.0103.2107.2

112.7118.6119.9123.8137.7150.6165.5177.2185.5212.0

249.7280.0291.5298.4311.7

293.0289.9287.4292.3296.2298.3

300.4302.4303.7305.0306.3306.3

306.0305.8306.9309.6312.2313.1

312.9312.9313.7315.5316.1 i315.8

44.448.151.152.7

53.756.359.361.463.464.867.269.973.276.4

79.181.483.585.687.389.593.4

100.0106.1113.4

120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7

265.9254.5328.7357.3379.5

347.8351.3352.3353.5354.3355.4

357.7360.0361.2362.9364.9366.2

369.5373.2374.5375.7376.8378.0

380.3381.9383.1385.5387.5388.5

100.0105.7111.0

116.7122.9126.5130.0139.8152.2159.8167.7176.6188.5

205.3221.4235.8246.0255.1

241.5243.1244.6244.6244.8245.4

246.0246.6247.5249.1249.5249.5

249.9251.5251.72538253.5254.5

255.3256.4257.3258.3259.0260.1

100.0105.2110.4

116.8122.4127.5132.5142.0153.9162.7172.2183.31967

214.5235.7259.9288.3307J

279.9281.6281.9283.2283.6284.5

287.5289.0294.4296.8298.1298.6

300.5301.5302.1302.8303.2304.4

306.5307.2314.6315.8316.5316.7

90.190.391.8

94.294.494.795.094.696.397.8

100.0101.5104.2

107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9

361.1410.0416.1419.3423.6

414.5406.7399.9410.0421.3427.3

430.1429.8429.3425.1419.9418.0

416.7420.2418.1421.3426.1428.5

428.3427.3429.0426.7421.8418.9

1 Includes alcoholic beverages, not shown separately.2 Series beginning 1967 not comparable with series for earlier years.3 See tables B-53 and 8-54.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with

earlier figures. See Economic Report of the President February 1983 for homeownership costs as measured prior to 1983.



TABLE B-53.—Consumer price indexes, selected expenditure classes, 1946-84

[1967=100]

Year or month

Food and beverages

Total

Food

Total home

Awayfromhome

Shelter

Total

Renters' costs

TotalRent,resi-

dential

Home-owners'costs

Mainte-nanceand

Fuel and other utilities

Total

Household fuels

Total

Fuel oil,coal,and

bottled

Gas(piped)

andelec-

tricity

Otherutilities

andpublic

services

194619471948 !194919501951195219531954 ::::19551956195719581959....196019611962 '.1963196419651966. .1967196819691970197119721973197419751976197719781979198019811982198319841983:JanFebMar

JuneJulyAugSeptOctNovDec

1984:Jan....Feb....Mar..

June...July....Aug....Sept...Oct...,Nov...,Dec...,

100.0103.6108.8114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5248.0267.3278.2284.4295.1

280.7281.6283.2284.6285.0284.7

284.7284,9285.3285.7285.3286.5

291.6294.2294.3294.5293.6294.3

295.3296.9296.4296.6296.3297.2

58.170.676.673.5

74.582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

254.6274.6285.7291.7302.9

288.1289.0290.5291.9292.4292.0292.0292.2292.6292.9292.5293.9

299.4302.1302.2302.3301.4302.0

303.2304.8304.2304.4304.1305.1

73.579.876.7

77.686.387.886.285.884.184.487,291.088.8

89.690.491.092.293.295.5

100.3100.0103.2108.2

113.7116.4121.6141.4162.4175.8179.5190.2210.2232.9

251.5269.9279.2282.2292.6

279.3280.3281.9283.4283.8283.0282.8282.5282.5282.3281.4283.0

290.2293.6293.1292.8290.7291.4

292.5294.4293.4293.4292.4293.2

59.261.165.168.0

68.970.170.872.274.977.279.3

81.483.285.487.388.990.995.1

100.0105.21U.6

119.9126.1131.1141.4159.4174.3186.1200.3218.4242.9

267.0291.0306.5319.9333.4

314.5315.2316.5318.0318.6319.3319.8321.0322.2323.9324.8325.5

327.2328.5329.8330.9332.6333.1

334.4335.5335.8336.6337.7339.2

76,578.279.180.483.485.186.0

87.888.589.690.792.293.896.8

100,0104.8113.3

123.6128.8134.5140.7154.4169.7179.0191.1210.4239.7

281.7314.7337.0344.8361.7

338.3339.2339.3341.7342.7343.6

345.3346.6348,5349.8351.1351.8

353.2354.0355.5357.8358.9360.2

362.7364.6366.5367.8368.9370.1

70.473.276.280.383.284.385.987.589.190.4

91.792.994.095.095.996.998.2

100.0102.4105.7

110.1115.2119.2124.3130.6137.3144.7153.5164.0176.0

191.6208.2

103.0108.6

100.8101.2101.4101.8102.2102.5

103.1103.7104.4104.8105.0105.1

105.7106.0106.5107.4107.8108.2

108.9109.6110.2110.7110.9111.3

224.0236.9249.3

232.2233.1233.6234.5235.1235.9237.1238.2239.5240.4241.3242.0

242.9243.6244.8246.4247.2248.4

249.7251.1252.4253.8254.8256.1

102.5107.3

100.7100.9100.9101.7102.0102.2

102.7103.0103.5103.9104.3104.5

104.9105.1105.6106.2106.5106.8

107.6108.1108.7109.1109.4109.8

71.272.474.177.280.581.883.2

84.685.986.587.789.591.395.2

100.0106.1115.0

124.0133.7140.7151.0171.6187.6199.6214.7233.0256.4

285.7314.4334.1346.3359.2

342.9339.4339.9343.6344.3345.1

346,1347.9346.6351.1353.4354.7

356.7353.5355.3356.3357.3358.9

360.3360.1362.7361.6362.9364.4

83.083.585.187.389.991.793.8

95.997.197.398.298.498.398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3

278.6319.2350.8370.3387.3

365.4364.6363.8363.6369.3373.6

375.5375.1376.4374.4371.3370.6

376.0383.0380.1380.9385.5390.0

393.9395.5397.0392.4387.5386.0

100.0101.4103.4

107.9115.3120.1128.4160.7183.8202.3228.6247.4286.4

349.4407.0446.2469.2485.5

463.5461.5459.7459.2468.3475.2

477.7476.5478.3474.4468.1467.4

470.4479.6475.2476.0483.5490.7

496.5498.6500.1492.1482.6480.2

51.358.468.670.3

72.776.578.081.581.282.385.990.388.789.8

89.291.091.593.292.794.697.0

100.0103.1105.6

110.1117.5118.5136.0214.6235.3250.8283.4298.3403.1

556.0675.9667.9628.0641.8

671.1654.0625.3610.6621.0620.0

619.3619.0623.2624.7623.9623.9

642.8688.6660.0650.7649.2646.0

637.4625.5622.1626.8626.9625.9

77.477.179.181.0

81.281.582.684.285.387.588.489.392.494.7

98.699.499.499.499.499.499.6

100.0100.9102.8

107.3114,7120.5126.4145.8169.6189.0213.4232.6257.8

301.8345.9393.8428.7445.2

413.5414.5418.0420.5429.1437.4

440.5439.1440.5435.6428.2427.5

427.3429.0429.5432.3441.4450.6

459.1463.9466.4456.0444.7442.2

100.0101.2104.0

107.4114.7120.6124.1130.3137.1145,4152.0158.3159.5

165.2181.0200,2213.7230.2

210.1210.9211.4211.7212.5213.2

214.2214,8215.4215.8217.3216.5

224.6228.0227.4228.2228.8229.4

230.6231.3232.7232.9234.4234.1



TABLE B-53.—Consumer price indexes, selected expenditure classes, 1946-84—Continued

[1967=100]

Year or month

1946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984

1983:JanFeb . .MarAprMayJune

JulyAUESeptOctNovDec


JulvAugZZZZZOctNovDec

Transportation

Total

50 355.561.866.4

68.272.577.379 578.377.478.883.386.089.6

89.690.692.593.094.395.997.2

100.0103.2107.2

112.7118.6119.9123.8137.7150.6165.5177.2185 5212.0

2497280.0291.5298.4311.7

293 0289.9287 4292.3296.2298.3

300.4302.4303.730503063306.3

306.0305.8306 9309.6312.2313.1

312 9312.9313.7315.5316.1315.8

Private transportation

Total2

54361.568 272,3

72 575.880.882 480.378 980.184787.491.1

90.691.393.093494.796.397 5

100.0103 0106.5

1111116.6117.51215136.61498164.6176.6185 0212.3

249 2277.5287 5293.9306.6

288 4285 2282 7287.52917293.8

296.0298.0299.2300 43017301.8

300 9300 83019304.8307.4308.1

307 5307.53084310 2310 8310.4

Newcars

69.275.682.8

83.487.494.995.894.390.993.598.4

101.5105.9

104.5104.5104.1103.5103.2100.999.1

100.0102.8104.4

107.6112.0111.0111.1117.5127.6135.7142.9153.8166.0

179.3190.2197.6202.6208.5

201.0201.3201.2201.1201.6201.6

201.4202.1202.7204.3206.2207.0

207.2207.2207.2207.4207.6207.7

208.1208.1208.2209.6211.4212.0

Usedcars

89 275.971.869.177.480.289.5

83.686.994.896.0

100.199.497.0

100.0

104.3110.2110.5117.6122.6146.4167.9182.8186.5201.0

2081256.92964329.7375.7

31103091309 3312.7317.1322.7

329.6336.8343.935043561357.6

357.3357.23622370.0378.0382.0

383 2383.8384.2384.63836382.7

Motorfuel3

54962.270.472.3

71.873.975.880.382.583.686.590.088.889.9

92.591.491.991.891.494.997.0

100.0101.4104.7

105.6106.3107.6118.1159.9170.8177.9188.2196.3265.6

369.1410.9389.4376.4370.7

372-2359.7348 8367.6380.7385.9

389.0389.4387.0382.53783375.4

370.6369.43691374.3376.9375.2

3702366.6368.5370.9369.8366.4

Auto-mobilemainte-nanceand

repair

52.056.459.661.1

62.367.068.672.374.876.579.582.483.785.5

87.289.390.491.692.894.596.2

100.0105.5112.2

120.6129.2135.1142.2156.8176.6189.7203.7220.6242.6

268.3293.6315.8330.0341.5

324.4325.9326.6327.4328.7329.5

329.8331.0332.3333.5335.2335.4

336.1337.4338.3338.9340.2340.7

341.6342.7344.2345.3345.8346.2

Other

100.0103.4109.7

119.2128.4129.1127.8132.4141.2163.1177.3184.6198.6

222.6241.3257.8260.8273.3

259.9259.7259.2258.4258.7258.1

258.6260.0260.8263.3265.6266.8

267.6267.7268.3269.0270.4271.5

272.4274.9275.9278.7280.7282.3

Publictranspor-

tation

34.436.040.745.2

48.954.057.561.365.567.470.072.776.178.3

81.084.687.488.590.191.995.2

100.0104.6112.7

128.5137.7143.4144.8148.0158.6174.2182.4187.8200.3

251.6312.0346.0362.6385.2

357.7355.2354.5361.1359.2361.2

363.2365.0366.6368.2370.3369.0

378.2377.4377.4378.0380.7385.2

389.3390.8389.5391.13918392.8

Medical care

Total

44448.151152.7

53 756.359.361463.464867.269.973.276.4

79.181483,585687.389.593 4

100.0106.1113.4

1206128.4132.5137 7150.5168.6184.7202.42194239.7

265 9294.53287357.3379.5

347 83513352 3353.5354.3355.4

357.7360.0361.2362 93649366.2

369.53732374 53757376.8378.0

380 3381.9383.1385.5387.5388.5

Medicalcarecom-

modities

76 281886187.4

88 591.091892 693.794 796.7993

102,81044

104.51033101.71008100.5100 21005100.0100 2101.3

103 6105.4105.6105 9109.61188126.0134.11435153.8

1681186.52057223.3239.7

215 3216 72186221.2222.5223.2

224.2225.4226.3227 52289229.9

2312232 9235 0236.9238.7239.4

240 7241.6242.4244.1245 6247.3

Medi-cal

careserv-ices

40143 546448.1

49 251.755 057 058760462.865568.772 0

74.977 780.282684.687 3920

1000107 3116.0

124 2133.31382144 3159.11791197.1216.7235 4258.3

287 4318.23560387.0410.3

377 43815382 2382.8383.5384.6

387.2389.8391039293950396.3

400 2404 44053406.3407.1408.4

4109412,7413.9416.5418 5419.3

1 Includes alcoholic beverages, not shown separately.2 Includes direct pricing of new trucks and motorcycles, beginning September 1982.3 Includes direct pricing of diesel fuel and gasohol beginning September 1981.* Not available.Note.—Data beginning 1978 are for all urban consumers,- earlier data are for urban wage earners and clerical workers.See also Note, Table B-52.


293


TABLE B-54.—Consumer price indexes, commodities, services, and special groups, 1940-84

[1967=100]

Year ormonth

19401941194219431944194519461947.;19481949

1950195119521953195419551956195719581959

1960196119621963 ...196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984

1983:JanFebMar

JuneJulyAugSeptOct.NovDec

1984:JanFebMar

MayJuneJulyAugSeptOct.NovDec

Allitems

42 044148.851852.753 958 566.972171.4

72,177.879 580*. 1

80281.484.386.687.388.789.690.691.792.994.597.2

100.0104.2109.8116.3121.3125.3133.1147.71612170.5181.519542174

246.82724289.12984311.1

293,1293 22934295.5297.1298.1299.3300.3301.8302.6303.1303.5

305.2306.6307,3308.8309.7310.7311.7313.0314.5315.3315.3315.5

Commodities

Allcom-

modities

40643.349.654054.756362.475.080 478.3

78.885.987 086785.985185.988.690.690.7

91.592.092.893 694.695.798.2

100.0103.71084

113.51174120.9129.9145.515841652174.7187 1208.4

233.9253.6263.8271.5280.7

267.2266 7266.7269.2270.9271.6272.5273.4274.5275.0275.2275.5

276.8278.3278.7280.1280.4280.6280.6281.4282.3283.1283.0282.8

Food

35238.445,150349.650 758.170.676 673.5

74 582.884 383.082.881682.284.988.587.1

88.089.189.991292.494499.1

100.0103.6108.9

114.9118 4123.51414161.717541808192.22114234.5

254.6274.6285.7291.7302.9

288.1289 0290.5291.92924292.0292.0292.2292.6292.9292.5293.9

299,4302.1302.2302.33014302.0303.2304.8304.2304.4304.1305.1

Commodities less food

All

48 050456.058461.664168.176,882 781.5

81487.588 388587.586987.890.591.592.7

93.193.494.194 895.696.297.5

100.0103.7108.1

112.51168119.4123 5136.61491156 6165.1174 7195*1

222 0241.2250.9259.0267.0

254.4253 22524255.4257.6258.9260.22614262.9263.6264.1263.8

263 0263.8264.4266.52674267.4266.8267.1268.8269.8269.9269.2

Durable

48.151458460.365.970.974180*386.2874

88.495.196495 793*391.591.594.495.997.3

96.796.697.697.998.898,498.5

100.0103.1107.0

111.8116.5118.9121.9130.6145 5154*3163.2173 9191*1

2104227.1241.1253.0266.5

247.324712474248.7249.5251.2252.9254.32564258.7261.0261.8

261.4260.9262.2265.2267.0267.8267.8267.82687269.3270.0269.8

Non-durable

44.746751.653.856.658.662972.277.876.3

76.282.082483,183.583.585.387.688.289.3

90791.291.892.793.594.897.0

100.0104.1108.8

113.1117 0119.8124.8140.915171583166.5174 31987

2352257.5261.6266.3270.8

2624260 525819263.0266.3267.32684269.6270.6270.2269.5268.5

267 4269.1269.3270.7271.1270.5269.5270.0272.3273.6273.3272.2

Services

Allservices

43.644 245.646447.548.249151.154.356.9

58.761.864 567*369.570972.775.678.580.8

83.585.286.888.590.292.295.8

100.0105.2112.5

121.61284133.3139.1152.116661804194.3210 9234*2

27033057333.3344.9363.0

337.9338 93394341.2342.6344.0345.6346.8349.0350.2351.0351.6

353 9355.3356.5358.1359.9361.9364.5366.5368.93697369.9370.6

UaAiMeat-

catcareserv-ices

32.532.733.735436.937.940.143.546.448.1

49.251755 057.058.760.462.865.568772.0

74.977.780.282.684.687.392.0

100.0107.3116.0

124.2133.3138,2144.3159.11791197121672354258*3

287 4318*2356.0387.0410.3

3774

3822382:8383.5384.6387.2389.8391.0392.9395.0396.3

400 2404.4405.3406.3407.1408.4410.94127413.9416.5418.5419.3

Serv-icesless

medi-cal

care

77.680.482.5

85.286788.189.691.293.2964

100.0104.9112.0

121.3127 7132.6138.3151.01647177 7190.62069230*1

266 6302.2328.6338.1355.6

331.4332 23327334.5336.03374338.9339.9342.2343.3344.1344.5

3466347.8349.0350.6352.5354.5357.1359.2361.7362.3362.3363.0

Special indexes

Allitemslessfood

47.348.752.153.655.756.959.464.969.670.3

71.175777 579.079.579.781.183.885787.3

88.889.790.892.093.294.596.7

100.01044110.1

1167122.1125.8130.7143.71571167.5178.41912213*0

244.0270.62884298.3311.3

292.6

2924

296^297.8299.3300.5302.3303.2303.9304.0

304 8305.9306.8308.6310.0311.0312.0313.2315.2316.1316.2316.2

Allitemsless

energy

83.986.387.0

88389.390491692.994.397.3

100.0104.4110.3

117.01220126.1133 8146.9160.2169 2179.8193 8213*1

23802617279.3289.3302.9

283.8284 7285:6287.0287.6288.2289.2290.3292.1293.4294.4295.0

2970298^299.2300.5301.1301.9303.1304.6306.1307.1307.7308.2

Allitemslessfoodand

ener-gy

83.385.287.0

88.389.390.591693.094.396.6

100.0104.61107

117.61231126.91313142*21553165*5175.8188 7207*0

2328257,1276.1287.0301.2

281.1282 0282:6284.02847285.5286.8288.2290.2291.8293.2293.6

294 6295*52967298.3299.3300.2301.3302.8304.9306.1306.9307.3

Ener-g y 1

90.190.391.8

94.294494795 094.696.397.8

100.0101.5104,2

107.01112114.3123 5159.7176.61893207.32204275*9

3611410*0416.1419.3423.6

414.5406 739^9410.0421.3427.3430.1429.8429.3425.1419.9418.0

416 7420*2418.1421.3426.1428.5428.3427.3429.0426.7421.8418.9

1 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Oata beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.See also Note, Table 6-52.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-55.—Changes in special consumer price indexes, 1958-^84

[Percent change]

Year or month

19581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1983:JanFebMarAprMayJuneJulyAugSeptOctNovDec

1984:JanFebMarAprMayJuneJulyAugSeptOctNovDec

All items

Dec.to

Dec 1

181.51.5

71.2161.2193.4304.76.15.5343.48.8

12.270486.890

13.3

12.4893.9384.0

Yearto

year

27.8

1.6101.1121.3172.9294.25.4

5.9433.36.2

11.0

915.86.577

11.3

13.51046.1324.3

All items lessfood

Dec.to

Dec.1

162.31.01.11.21.61.01.63.33.54.95.7

6.53.13.05.6

12.2

7.16.26.38.5

14.0

12.99.94.04.14.0

Yearto

year

231.91.7101.21.31.3142.3344.45.5

6.04.63.03.99.9

936.66.57.2

11.4

14.610.96.63.44.4

All items lessenergy

Dec.to

Dec*

1.91.41.4

.81.21.81.31.93.53.14.96.4

5.63.33.58.3

11.5

6.74.66.89.2

11.1

11.78.64.24.44.5

Yearto

year

29.8

1.51.11.21.31.41.53.22.84.45.7

6.14.33.46.19.8

9.15.66.37.8

10.0

11.710.06.73.64.7

All items lessfood andenergy

Decto

Dec1

1.82.2

.81.51.11,81.2L53.33.95.16.1

6.63.13.04.7

11.3

6.76.16.48.5

11.3

12.19.64.54.94.7

Yearto

year

232.11.5111.3121.5142.4354.65,8

6.24.73.13.58.3

9 26.66.27.39.7

12.510.47.43.94.9

All items less food,energy, and shelter

Decto

Dec1

4.65.0

5.7322.63.5

11.3

647.05.2657.2

9.9946.1504.4

Yearto

year

464.8

51492.43.07.6

89706.0576.9

8.8957.7525.0

Change from preceding month

Unad-justed

0.2.01

5

.435

.2

.1

.65.2.5.3.3

.345.3

0.1

Sea-sonally

ad-justed

0.3- . 1

1

'4.2.444,4.4.2

.64.2.5.2

.354.42

.2

Unad-justed

0.20

.8

.6

.5

.46

.2

.0

.3

.4

.3

.6

.5

.3

.46.3.0

0

Sea-sonally

ad-justed

0.3- . 1- 0

.85.3

.5

.44

.4

.4

.2

.4

.3

.6

.3

.2

.3

.44.4.2.2

Unad-justed

0.5

!3

\l.2

.3

.4

.6

.3

.2

.7

.4

.3

2

.4

.5

*2

Sea-sonally

ad-justed

0.5.3.2.5.2.2

.4

.44.5.4.3

.7

.4

.3

2.3

.4

.5

.3

.4

.2

.3

Unad-justed

0.4

.2

.5

.2

.5

.5

.7

.6

.1

.3

.4

.5

.3

.4

.7

.3

.1

Sea-sonally

ad-justed

0.5.3.2.5.2.3

.5

.5

.5

.4

.5

.3

.5

.3

.4

.5

.3

.3

.4

.5

.4

.3

3

Unad-justed

0.3.44

.4

.3

.4

.58

.6

.3

.5

.5

.'3

.3

7.4.3

0

Sea-sonally

ad-justed

0.5.4.3.4.2

.5

.5

.5

.3

.6

.3

.5

.3

.3

.44

\2

1 Changes from December to December are based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.See also Note, Table B-52.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-56.—Changes in consumer price indexes, 1929-84

{Percent change]

Year

192919331939194019411942 ".'."..19431944;;;;.19451946194719481949195019511952!"!!19531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984

All items

Dec.to

Dec.1

0.25

—.51.0979.3322.12.3

18.29.02.7

- 1 . 85.859.9.6

- .5.4

2.93.01.81.51.5.7

1.21.61.21.93.43.04.76.15.53.43.48.8

12.27.04.86.89.0

13.312.48.93.93.84.0

Yearto

year

o51

- 1 . 41.050

10761172.38.5

14.47.8

- 1 . 01.0792.1.8.5

- .41.53.62.7.8

1.61.01.11.21.31.72.92.94.25.45.94.33.36.2

11.09.15.86.577

11.313.510.4

y4.3

Commodities

Total

Dec.to

Dec.1

- 1 . 01.2

13 513.0402.22.9

24.910.41.7

- 4 . 1775.9

_ 7-.S

- 1 . 4

2.S2.61.3.6

1.101.01.4.8

1.62.52.53.85.54.02.93.4

10.412.76.33.36.18.9

13.011.16.0

U2.6

Yearto

year

- 2 . 01067

14.5891.32.9

10.820.27.2

- 2 . 6.6

901.3

~!9- .9

.93.12.3.1.9.5.9.9

1.11.22.61.83.74.54.73.43.07.4

12.08.94.35.87.1

11.412.28.44.02.93.4

Food

Dec.to

Dec.1

2,370

- 2 . 52,6

16.417.531.2

3.031.511.2

- 0 . 8- 3 . 7

9.674

- 1 . 1- 1 . 3- 1 . 6- .93.12.82.2

- .83.1

- .91.51.91.43.43.91.24.37.22.24.34.7

20.112.26.5.6

8.011.810.210.24.33.12.63.8

Yearto

year

1.329

- 2 . 81791

17.4115

- 1 . 42.2

14.621.58.5

- 4 . 01.4

1111.8

- 1 . 5- .2

- 1 . 4

3 34.2

- 1 . 61.01.3.9

1.41.32.25.0.9

3.65.15.53.04.3

14.514.48.53.16.3

10.010.98.67.94.02.13.8

Commoditiestess food

Dec.to

Dec.*

0.2.4

10.86.45.45.03.0

12.99.15.3

- 4 . 85.746~:s.2

- 1 . 402.52.2.8

1.5- .3

.67

1,2,4.7

1.93.13.74.54.82.32.55.0

13.26.25.14.97.7

14.311.56.73.83.12.0

Yearto

year

- 1 . 6.6

5011.14.35.54.16.2

12.87.7

- 1 . 5- .175.9.2

- 1 . 1- 71.03.11.11.3.4.3.77.8.6

1.42.63.74.24.13.82.23.4

10.69.25.05.45.8

11.713.88.64.03.23.1

Services

Total

Dec.to

Dec.1

0.27

2.52.02.61.71.03.55.26.13.63.65,24.64.21.92.33.14.52.73.72.71.9172,31.82.64.94.06.17.48.24.13.66.2

11.38.17.37.99.3

13.714.213.04.34.85.4

Yearto

year

0.2.2

1.43.21.82.41.51.94.16.34.83.25.34.44.33.32.02.54.03.82.93.32.01.92.01.92.23.94.45.26.98.15.63.84.49.39.58.37.78.5

11.015.413.19.03.55.2

Medical careservices

Dec.to

Dec.1

0,30153.9582.82.98.96.57.02.13.3585.53.62.63.24.14.54.94.63.83.53.02.62.63.58.17.97.47.08.35.33.85.8

13.310.31079.09.2

10.610.012711.26.15.8

Yearto

Year

0.30.6

3.15,042275885673723516.43.63.02.94.04.34.94.84.0373.23.02.43.25.4877.38.17.17.33.74.4

10.312.610.19.98.697

11.310711.9876.0

Energy*

Dec.to

Dec.1

- 0 74.315

- 4 12.1

- .8— .22.01.81.4173,14.53.12.8

16.821.611.66.97.28.0

37.418.111.91.3

Yearto

year

...

0.2172,6.2.3

-A1.81.62.21.527273.92.88.0

29.310.67.29.56.3

25.230.913.51,5.8

1.01 Changes from December to December are based on unadjusted indexes,* Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.See also Note, Table B-52.Source; Department of Labor, Bureau of Labor Statistics.

296


TABLE B-57.—Producer price indexes by stage of processing, 1947-84

[1967 = 100]

Year or month

1947 ;,1948.... V.1949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971 . . . .1972.19731974

19751976197719781979

19801981198219831984 l



1984: *JanFebMarAprIVfayJune

JulyAugiziz.:::::;.:::::::SeptOctNovDec

Finished goods

Totalfinishedgoods

74.079 977.6

79 086586085185.3

85.587991.193.293.0

93 793.794 093.794.1

95798.8100.0102.8106.6

110 3113.7117.2127.9147.5163.417061817195.9217.7

247 0269.8280 7285.2291.2

283 92841283.4283.1284 2285.0

285.7286.12851287 6286 8287.2

289 5290 62914291.2291.1290.9

292 3291.3289.8291.6292 3292.4

Consumer foods

Total

82.890.483.1

84795.294 389488.7

86.586389.394.590.1

92191.792 591.491.9

95 4101.6100.0103.6110.0

113 5115.3121.7146.4166.9

181.018041899207.2226.2

239 5253.6259 3261.8273.5

258 42610261.1262.9262 6261.2

260.7260.7263 0263 72619264.3

272 2274 7276 6274.3271.7270.8

275 3274.0273.4271.8272 3274.4

Crude

99.4107.1101.3

92 2105.9112 8105.294.7

98.898 797.4103.594.3

100.696.197 095.598.2

98 6104.8100.0107.5116.0

116.3115.8121.2160.7180.8

181.219392010216.8233.1

237 2263.8252.7258.7283.9

232 9240 8247.9265.8267.2251.2

247.1259.9267.4287 3270 4266.0

306.9313 6323 7299.0270.7258.9

270 8274.6274.7277.2265.5270.8

Proc-essed

80.287680.1

83493.291386 787.6

84.484 387.993.189.5

90790.991790.790.8

94 9101.0100.0103.0108.9

1131115.1121.7143.9164.6

181.3177 8187 3204 6223.8

237 8250.6257 7260.0270.3

258 5260 7260.1260.52601260.0

259.8258.7260 5259 52590262.0

266 9269 0270 2269.9269.6269.7

273 4271.7271.0269.1270 7272.5

Finished goods excluding consumer foods

Total

100.0102.6105.4

1091113.1115.4120.1139.3

156.21661177 71907213.3

247 8273.3285 8290.8294.8

290 3289 6288.7287.7289 3290.8

291.8292.5290.3293 4293 0292.6

292.9293 6294 0294.6295.3295.4

295 7294.8292.9295.92967296.1

Consumer goods

Total

79.084 082.2

83589 588389189.4

90.192 394.694.795.9

96 396.296 096.095.9

96 698.11O0.0102.1104.6

107 7111.4113.5118.6138.6

153.1162 6174 3186 7211.5

250 8276.5287 8291.4294.1

2914290 3288.9287.3289 4291.6

292.8293.52914293 9293 2292.5

292 52931293 6293.5294.9294.9

295 0293.8291.9294.8295 7294.9

Durable

74.679 781.8

82 788.288989690.3

91.294397.198.499.6

99 298.898 397.898.2

97 998.5100.0102.2104.0

106 9110.8113.3115.4125.9

138.2144 5152 8166,9183.2

206 2218.6226 7233.1236.6

2317232 9231.9232.2232 9233.1

233.4233.8229.2235.3235 4235.9

235.9236.1236 6236.7236.6236.4

236 6236.7232.5237.9238.4238.8

Non-durable

80.785.882.3

83 690.087 888.688.9

89.491.193.292.694.0

94.794.794.895.194.8

95997,8100.0102.2105.0

108.3111.7113.6120.5146.8

163.0174.8189 3200.0231.3

283.9319.6333.6335.3337.4

336 6333.7332.0328.7332.0335.7

337.7338.6338.6338.1336.8335.2

335.0336.1336.7336.4338.9339.2

339.2336.9336.9337.7339.1337.2

Capitalequipment

55.460.463.4

64 971.272473.674.5

76.782.487.589.891.5

91.791.892.292.493.3

94.496.8100.0103.5106.9

112.0116.6119.5123.5141.0

162.5173.4184.6199.2216.5

239.8264.3279.4287.2294.1

285.2285.6285.6286.2286.5286.7

287.2287.7285.1289.9290.0290.4

291.6292.3292.3294.5293.9293.9

294.6294.6292.9296.0296.3296.4

finishedconsumergoods

80.586 582.5

83991890 789 289.1

88.589 892.494.493.6

94 594.394 694.194.3

96199.4100.0102.7106.6

109.9112.9116.6129.2149.3163.6169.7180.7194.9217.9

248.9271.3281.0284.6290.4

283 5283.7282.7282.3283.6284.6

285.2285.7285.1287.0285.9286.3

288.9290.1291.1290.3290.3290.1

291.6290.4288.9290.3291.2291.3


297


TABLE B-57.—Producer price indexes by stage of processing, 1947-84—Continued

[1967=100]

Year or month

Intermediate materials, supplies, and components

TotalFoodsand

feeds3Other

Materials andcomponents

Formanufac-

turing

Forcon-

struction

Proc-essedfuelsand

lubri-cants

Con-tainers Supplies

Crude materials for further processing

Total

Food-stuffsand

feed-stuffs

Other

Total Fuel Other

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984»...

1983:Jan....Feb....Mar...

May"!!June..

July....Aug...Sept..OctNovDec

1984: »JanFebMar....

May";;;;June...

JulyAug....Sept...OctNovDec

72.478.375.2

78.688.185.586.086.5

88.192.094.194.395.6

95.695.094.995,295.5

96.899.2

100.0102.3105.8

109.9114.1118.7131.6162.9

180.0189.1201.5215.6243.2

280.3306.0310.4312.3320.0

309.2309.9309.5308.7309.-7311.3

312.8314.0315.5315.6315.5315.7

316.3317.6319.7320.3320.9321.6

321.7321.1320.3319.9320.5319.8

100.099.4

102.7

109.1111.7118.5168.4200.2

195.3185.3190.5203.1226.1

252.6250.3239.4247.9253.1

236.4238.8238.0243.6244.4242.8

244.0250.9263.2258.2257.4256.9

260.7255.1257.5259.1260.8257.8

255.3251.4248.0243.8244.1243.1

70.076.174.2

77.787.084.385.385.7

88.392.695.094.896.4

96.895.595.395.095.6

96.998.9

100.0102.5106.1

109.9114.3118.9128.1159.5

178.6189.4202.3216.5244.4

282.3310.1315.7317.1325.0

314.6315.2314.8313.6314.6316.4

318.0318.7319.5320.0319.9320.2

320.6322.3324.4325.0325.4326.4

326.7326.3325.7325.6326.1325.5

72.177.874.5

78.188.584.886.286.3

92.694.895.296.5

96.595.394.794.995.9

97.499.3

100.0102.2105.8

110.0112.8117.0127.7162.2

178.7185.4195.4208.7234.4

265.7286.1289.8293.4301.8

288.6291.1290.2291.0291.9292.4

294.1294.7296.7296.4296.5297.6

298.9299.8301.8302.9303.3303.4

303.2302.5301.7301.2301.8301.1

66.073.173.2

77.084.383.785.185.5

88.993.594.094.096.6

95.994.694.294.595.4

96.298.8

100.0105.0110.8

112.6119.7126.2136.7161.6

176.4188.4203.4224.7247.4

268.3287.6293.7301.8310.3

296.5298.8299.6300.9301.2302.4

302.9303.7303.1303.6303.9304.9

305.5307.8309.6310.5309.8310.3

310.9312.0311.3311.6311.6312.3

85.596.988.2

89.993.992.893.493.3

93.396.2

101.996.095.6

98.299.499.098.196.0

97.499.2

100.097.698.5

105.0115.2118.9131.5199.1

233.0250.1282.5295.3364.8

503.0595.4591.7564.8566.3

577.9565.4564.2543.3547.8562.0

567.9572.0573.2574.2568.1561.7

556.4561.3567.8562.9567.2575.2

576.6569.2567.6564.2566.2561.1

66.869.870.1

72.084.579.980.081.5

82.688.692.594.794.2

95.594.795.994.794.0

95.898.4

100.0102.4106.3

111.4116.6121.9129.2152.2

171.4180.2188.3202.8226.8

254.5276.1285.6286.6302.1

285.0285.3285.2284.8285.8285.9

286.1286.3287.2288.1289.3289.9

292.3294.8297.3299.4300.9301.8

303.0304.1304.7307.9309.4309.3

77.581.076.3

78.988.888.884.386.3

84.887.188.090.091.2

90.791.893.895.294.3

95.299.4

100.0101.0102.8

108.0111.0115.6140.6154.5

168.1179.01887198.5218.2

244.5263.8272.1277.1283.3

273.1273.5273.9275.5275.6275.6

276.2277.9280.2280.6281.6281.6

282.6282.2283.0284.2284.3283.9

283.2284.1283.3283.1283.1283.1

101.2110.996.0

104.6120.1110.3101.9101.0

97.197.699.8

102.099.4

97.096.597.595.494.5

99.3105.7100.0101.6108.4

112.3115.1127.6174.0196.1

196.9202.7209.2234.4274.3

304.6329.0319.5323.6331.0

313.9320.2321.6325.8325.8323.3

320.6327.1328.5324.8324.0327.5

333.5332.6338.8339.4338.0333.0

334.1328.9326.7320.0323.7323.1

111.7120.8100.3

107.6124.5117.2104.9104.9

95.193.197.2

103.096.2

95.193.895.792.990.8

97.1105.9100.0101.3109.3

112.0114.2127.5180.0189.4

191.8190.2192.1216.2247.9

259.2257.4247.8252.2259.7

239.6249.3249.1256.8258.5252.1

248.4256,4257.2253.7251.8256.0

264.0260.5269.9269.7266.4260.3

263.6256.5253.1245.5253.4253.7

100.0102.2106.8

112.7117.0128.0162.5208.9

206.9228.5245.0272.3330.0

401.0482.3473.9477.4484.7

473.6473.0477.7474.6475.4476.8

476.2479.6482.5478.2479.4481.6

483.4488.1487.5490.1492.3489.6

486.4485.0485.1480.2475.4473.0

66.678.778.3

77.979.479.982.779.0

78.884.489.290.391.9

92.892.692.193.292.8

93.596.3

100.0102.3106.6

122.6139.0148.7164.5219.4

271.5305.3372.1426.8507.6

615.0751.2886.1931.5931.4

930.79377961.8941.6935.99367

927.8926.9931.0910.9915.3921.1

926.1926.6910.6920.8928.4932.6

940.2953.1938.8935.0934.1930.9

90.6100.791.6

10471207104.6100.198.2

103.8107.6106.2102.2105.8

101.4102.5102.0100.7102.4

104.5106.7100.0102.1106.9

109.8110.7121.9161.5205.4

188.3206.7212.2233.1284.5

346.1413.7376.8372.2380.6

368.0366.0366.8367.0369.0370.5

371.6375.6378.1377.1377.7379.1

380.1385.5387.8388.8389.9386.1

380.9376.8379.8374.8369.4367.2

1 Data have been revised through August 1984 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.

2 Intermediate materials for food manufacturing and feeds.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-58.—Producer price indexes by stage of processing, special groups, 1974-84

[1967 = 100]

Year or month

197419751976197719781979

19801981198219831984 2

1983:JanFebMar

June


1984: ^JanFebMar.


Finished goods

Total

147.5163.4170.6181.7195.9217.7

247.0269.8280.7285.2291.2

283.9284.1283.4283.1284.2285.0

285.7286.1285.1287.6286.8287.2

289.5290.6291.4291.2291.1290.9

292.3291.3289.8291.6292.3292.4

Foods

166.9181.0180.4189.9207.2226.2

239:5253.6259.3261.8273.5

258.4261.0261.1262.9262.6261.2

260.7260.7263.0263.7261.9264.3

272.2274.7276.6274.3271.7270.8

275.3274.0273.4271.8272.3274.4

Ener-gy

215.2252.4282.3326.7347.7469.9

701.3835.4822.9783.6750.8

811.1788.0774.1749.2769.0791.1

794.1797.6795.7788.5777.4767.6

753.8757.3757.9751.1762.7764.8

755.6741.0737.1745.0747.4736.4

Excluding foods andenergy

Total

133.3148.5156.8166.3178.7194.7

216.4235.1248.6256.1262.3

253.8254.5254.4254.9255.3255.6

256.5256.9254.7258.5258.7258.9

260.1260.6261.0262.0262.1262.0

262.8262.9261.2263.8264.5264.5

Cap-ital

equip-ment

141.0162.5173.4184.6199.2216.5

239.8264.3279.4287.2294.1

285.2285.6285.6286.2286.5286.7

287.2287.7285.1289.9290.0290.4

291.6292.3292.3294.5293.9293.9

294.6294.6292.9296.0296.3296.4

Con-sumergoodsexclud-

ingfoodsand

energy

129.1141.0148.1156.6168.0183.3

204.2220.1232.6239.9245.8

237.5238.5238.2238.7239.2239.5

240.5240.9238.9242.2242.5242.7

243.8244.2244.7245.2245.6245.5

246.4246.4244.8247.2247.9248.0

Intermediate materials, supplies,and components

Total

162.9180.0189.1201.5215.6243.2

280.3306.0310.4312.3320.0

309.2309.9309.5308.7309.7311.3

312.8314.0315.5315.6315.5315.7

316.3317.6319.7320.3320.9321.6

321.7321.1320.3319.9320.5319.8

Foodsand

feeds1

200.2195.3185.3190.5203.1226.1.

252.6250.3239.4247.9253.1

236.4238.8238.0243.6244.4242.8

244.0250.9263.2258.2257.4256.9

260.7255.1257.5259.1260.8257.8

255.3251.4248.0243.8244.1243.1

Ener-gy

188.7220.8236.8267.3280.3348.6

484.9573.6570.8543.9545.2

556.8545.3543.7524.3528.0541.0

546.4550.1551.4552.1546.7540.9

536.2540.8546.7542.2546.2553.5

554.5547.7546.5543.3544.9540.2

Other

156.7174.7185.0196.1210.4234.2

261.8283.4290.1294.8303.5

290.5292.4292.3293.1293.7294.3

295.4295.8296.6297.1297.6298.6

299.5301.0302.7303.8303.9304.2

304.4304.8304.2304.4304.9304.6

Crude materials for furtherprocessing

Total

196.1196.9202.7209.2234.4274.3

304.6329.0319.5323.6331.0

313.9320.2321.6325.8325.8323.3

320.6327.1328.5324.8324.0327.5

333.5332.6338.8339.4338.0333.0

334.1328.9326.7320.0323.7323.1

Food-stuffsand

feed-stuffs

189.4191.8190.2192.1216.2247.9

259.2257.4247.8252.2259.7

239.6249.3249.1256.8256.5252.1

248.4256.4257.2253.7251.8256.0

264.0260.5269.9269.7266.4260.3

263.6256.5253.1245.5253.4253.7

Ener-gy

223.0266.9283.1323.5362.5439.9

586.1783.4801.5791.1785.6

812.1799.9801.6793.3790.9791.1

786.3785.8787.8779.7781.6783.3

786.0786.4780.1783.1786.4787.7

790.5795.0789.7787.0779.9775.4

Other

198.3165.0191.0190.1209.2253.0

269.4266.0238.1250.7266.1

230.7237.8244.3244.7247.5249.7

251.9257.7261.1259.5260.2262.7

263.7271.1274.3276.4277.8272.8

265.6260.4264.1257.9254.8253.9

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1984 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.

Source: Department of labor, Bureau of Labor Statistics.


TABLE B-59.—Producer price indexes for major commodity groups, 1947-84[1967=100]

Year or month

1947194819491950195119521953195419551956195719581959I9601961196219631964196519661967196819691970 . ..19711972197319741975197619771978197919801981198219831984 2

1983:JanFebMarAprMayJuneJuryAugIZZZZIZr'7 \.ZSeptOct .NovDec ,

1984:a

JanFebMarAprMayZZZ........ V.June ,JulyAugSeptOct . . .NovDec

Farm products and processedfoods and feeds

Total

94.3101.589.693.9

106.9102.796.095.791.290.693.798.193.593.793.794.793.893.297.1

103.5100.0102.4108.0111.7113.9122.4159.1177.4184.2183.1188.8206.6229.8244.7251.5248.9253.9262.6

245.8250.4250.6254.7254.7252.5251.5255.5259,1257.5256.0257.9

264.4263.4267.9267.3265.8262.8264.9261.4259.6255.8258.4259.2

Farmproducts

109.4117.5101.6106.7124.2117.2106 2104798 296.999.5

103.997.597.296.398.096094.698.7

105.9100.0102.5109.11110112.9125.0176.3187.7186.7191.0192.5212 5241,4249.4254.9242.4248.2255.7

233.2240.7241.5250.5250.4247.4244.3253.5256.4255.2251.0254.0

263.4261.6267.4265.4260.8257.1258.7253.3249.7240.1245.5245.7

Processedfoods and

feeds

82.988.780.683.492.791.687.488.985.084.987.491.889.489.591.091.992.592.395.5

101.2100.0102.2107.3112.1114.5120.8148.1170.9182.6178.0186.1202.6222.5241.2248.7251.5255.9265.3

251.7254.7254.5256.0256.1254.3254.4255.5259.6257.8257.6259.0

263.8263.4267.1267.2267.5264.8267.3264.8264.0263.3264.4265.5

Industrial commodities

Total

70.876.975.378.086.184.184.885.086.990.893.393.695.395.394.894.894 795.296.498.5

100.0102.5106.01100114.1117.9125.9153.8171.5182.4195.12094236.5274 8304.1312.3315.7322.6

313.9313.9313 5312.4313.6315.3316.5317.3317.1318.5318.3318.4

319.13206321.9322.6323.2323.8323.9323.3322.3323.2323.8323.0

Textileproducts

andapparel

103.6108.198.9

102.7114.6103.4100.898.698.798.798.897.098.499.597.798.698.599.299.8

100.1100.0103.7106.0107.1109.0113.6123.8139.1137.9148.2154.01598168.7183 5199.7204.6205.1209.9

202.7202.62034203.5204.3204.7205.3206.0206.2207.0207.7207.8

208.2209 6209.9209.9210.5210.2210.5210.1210.6209.6210.0209.8

Hides,skins,

leather,and

relatedproducts

83.384.279.986.399.180.181.377.677.381.982.082.994.290.891.792.790 090.394.3

103.4100.0103 2108.911031141131.31431145.11485167.8179.32000252.4248 9260.9262.6271.1286.5

266.7264.3264 9267.4269.4271.2272.3274.7274.4273.7277.0277.3

279.1283 3286.7286.8288.5290.1288.9288.7290.3288.9283.2282.9

Fuels andrelated

products,and

power *

76.990.586.287.190.390.192.691.391.294.099.195.395.396.197.296.796 393.795.597.8

100.098.9

100.91062115.2118.6134 3208.32451265.6302.2322 5408.1574 0694.5693.2664.7657.0

683.6668.6658 0644.8651.9665.5668.7671.7672.3669.5663.7658.0

652.1656 0658.7654.7660.6665.9665.0657.9654.8654.5655.3648.9

Chemicalsand alliedproducts!

93.795.987.688 9

101.796.597 798.998 599.1

101.2102.0101.61018100.799197 998 399.099 4

100.099899.9

102 21041104.21100146.81813187.2192.8198 8222.3260 3287.6292.3293.0300.9

289.3290.52898291.3291.1290.8293.7294.4295.9295.5296.4297.7

298.1296 5300.1302.0302.7302.2302.6301.1301.4301.0301.6301.0



TABLE B-59.—Producer price indexes for major commodity groups, 1947-84—Continued

[1967 = 100] .

Year or month

19471948 ! """'.'"'".'"19491950195119521953195419551956195719581959I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984 2

1983:JanFebMarAprMayJuneJulyAugSeptOctNovDec . . .

1984:2JanFebMarAprMayJuneJulyAugSeptoct..::.:.: :.:;..:.::::::NovDec

Rubberand

plasticproducts

70.572.870.585.9

105.495.589.190.4

102.4103.8103.4103.3102.9103.199.296.396.895.595.997.8

100.0103.4105.3108.3109.1109.3112.4136.2150.2159.2167.6174.8194.3217.4232.6241.4243.2247.2

242.9242 3241.8243.0243.2243.1243.4243.7243.2244.4243.6243.8

244 8246.2246.4247.3247.5247.6247.5

* 247.7247.9248.1247.7247.5

Lumberand

woodproducts

73.484.077.789.397.294.494.392.697.198.593.592.498.8

95.391.091.693.595.495.9

100.2100.0113.3125.3113.6127.3144.3177.2183.6176.9205.6236.3276.0300.4288.9292.8284.7307.1307.5

293.3303 1305.8307.2308.0314.8314.6313.9305.6305.6304.9308.7

3091315.7316.8315.1308.5307.1304.4304.7303 4300.2301.1303.3

Pulp,paper,and

alliedproducts

72.575.772.474.388.085785.585.587.893.695.496.497.398.195.296.395.695.496.298.8

100.0101.1104.0108.2110.1113.4122.1151.7170.4179.4186.4195.6219.0249.2273.8288.7298.1318.3

293.6294 2294.8295.4296.0297.0297.8298.8299.9302.2303.6304.0

3091312.0314.0316.3317 7318.4319.8321.33212322.6323.8323.2

Industrial commodities—Continuec

Metalsand

metalproducts

54.962.563.0

66.373.873.976.376.982.189.291.090.492.392.491.991.291.393.896.498.8

100.0102.6108.5116.6118.7123.5132.8171.9185.6195.9209.0227.1259.3286.4300.4301.6307 2316.0

300.3304 7304.4304.6306.1306.3307.3308.2310.7310.9310.9311.9

312 9314.8316.8317.9317 4317.3316.1316.2315 3315.4316.2315.3

Machineryand

equipment

53.758.261.063.170,570.672 273.475 781.887 689.491.3

92.091.992.092.292.893.996.8

100.0103.2106.5111.4115 5117.9121.7139.4161.4171.0181.7196.1213.9239.8263 3278.82864293.1

283 3284 3284.7285.4286.0286.2287.4287.4287.9287 6288.0288.8

289 7290.2291.0292.2292 6293.1294.02941294 5295.02957295.6

Furnitureand

householddurables

77.081.682.984.791.890-191.992.993.395.898.399.199.399.098.497.797.097.496.998.0

100.0102.8104.9107.5110.0111.4115.2127.9139.7145.6151.5160.4171.3187.7198.5206.9214.0218.6

210.7212 5212.3212.8213.6214.0214.8214.9215.4215 3215.7215.7

216 8217.2217.4218 22191219.1219.2219 22189219.0219.6219.7

1

Non-metallicmineralproducts

66.371.673.575.480.180.183385.187.591.394.895.897.0

97.297.697.697.197,397.598.4

100.0103.7107.7112.9122.4126.1130.2153.2174.0186.3200.5222.8248.6283.0309.5320.2325.2337.3

322 3322.0324.1324.1324.5325.1326.3327.2328.0328.9328.9

330.1332.2333.4335.8337.6338.3339.8340.83404339.6339.5339.9

Transpor-tationequip-ment:Motor

vehiclesand

equip-ment3

64.170.875.775.379 484.083 683.886 391.295198.1

100.398.898698.697 898.398598.6

100.0102.8104.8108.7114.9118.0119.2129.2144.6153.8163.7176.0190.5208.8237.6251.3256.8261.4

257.0256 3255.4255.9256.2256.5256.6256.8249.1260.6260.5260.6

2611261.2261.5261.9261.5261.1261.4261.1254 6263.3263.6263.9

Miscella-neous

products

73.576 578.079 283 983485 686 486 587 690292 092.2

93 093 393.794 595.295 997.7

100 0102.2105.2109.9112 9114.6119 7133.1147 7153.7164.3184.3208.7258.8265 7276.4289 6296.0

2857288 8287.4287.4287.1288.0291.5292.0291.429172917292.8

294 5294.9294.9294.6294 3295.7297.3298 22964297.0297.0297.1

1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1984 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.3 Index for total transportation equipment is not shown but is available beginning December 1968.



TABLE B-60.—Changes in producer price indexes for finished goods, 1950-84

[Percent change]

Year or month

1950195119521953195419551956195719581959

19601961 .19621963196419651966 ..1967196819691970197119721973197419751976 .. .197719781979198019811982 ...19831984 2 .

1983:JanFebMar

June"!!!!!"!!!!!JulvAugSeptOcfNov ..Dec

1984: 3

JanFebMar

JuneJulyAug ..„SeptOcfNovOec

Totalfinishedgoods

Oec. toDec.1

10.42.9

=-2.251

1.24.23.2

.5-= 41.8

- . 51

-2.5

3.32.21.63.14.82.23.23.8

11.818.36.63.76.99.2

12.811.87.13.7

.61.8

Yearto year

1.89.5

- . 61 0

2.2

2.83.62.3

.80

3

A1.73.21.22.8373.53.13.19.1

15.310.84.46.57.8

11.113.59.24.01.62.1

Finishedconsumer

foods

Dec. toDec.'

13.35.3

= 5.92219

- 2 . 93.65.3.4

- 3 75.21.8

5- 1 . 3

4

9.11.4

= 44.88.22.55.98.0

22.513.05.5

- 2 . 56.9

11.77.47.51.42.12.33.8

Yearto year

1.912.4= .952

8

=2.52

3.55.8

- 4 72.2

.49

- 1 . 25

3.86.5

- 1 63.66.23.21.65.6

20.314.08.4

~5.39.19.25.95.92.21.04.5

Finished goods excluding consumer foods

Total

Oec. toOec.1

IZZ

2.43.44.32.12.16.6

21.27.26.26.98.3

14.813.38.84.1

.01.2

Yearto year

2.62.73.5372.04.1

16.012.16.37.07.3

11.916.210.34.61.71.4

Consumergoods

Dec. toDec'

8.2.9

.31.72,51.7.2.84

- 31

.1

.1

.9172.12.02.93,92.02.07.4

20.5676.06.78.5

17.514.28.54.2

- . 8.8

Yearto year

1.67.2

- 1 . 3.9.3.8

2.42.5

U4

- .12

0

.71.61.92.12.43.03.41.94.5

16.910.56.27.27.1

13.318.610.2

4.11.3

.9

Capitalequipment

Dec. toDec.*

10.33.4

.82.31.15.68.34.31.31.0

1

3.5.9

1.53.93.13.04.64.92.42.05.3

22.68.26.47.37.98.8

11.49.23.91,92,1

Yearto year

2.49.71.71.71.23.07.46.22.61.9

2.14.2

1.01.22.53.33.53.34.84.12.53.3

14.215.26.76.57.98.7

10.810.25.72.82.4

Finishedenergygoods

Dec. toDec.'

16.411.512.18.5

58.027.814.1

-S2- 4 . 1

Yearto year

17.311.81576.4

35.149.219.1

- 1 . 5- 4 , 8=4.2

Finished goodsexcluding foods

and energy

Dec. toDec*

6.15.66.38.39.4

10.77.84.91.82.2

Yearto year

11.45.66.17.59.0

11.18.6573.02.4

Percent change from preceding month

Unad-justed

=0 .6

-2

'.32.1

•— 3'.9

.1

.8

'.3- . 1- . 0

.5— 3—*5

.2

.0

Sea-son-allyad-

justed

-0 .7

- ! i

.3

.40

.1

1.2

.6

.4

.40

- . 10

.3

~2.5

Unad-justed

0.01.0.07

- . 1- . 5= .20

.9

.37.9

3.0.9.7

- . 8.9

- . 317

- . 6.2.8

Sea-son-a

justed

=0.2.8

0.8

- . 4- . 6- . 5

71.0

2.6.6

— 7- U

= .4

1.3

.4

7.5

Unad-justed

- 0 . 8

-.3

16.5.3

- . 81.1

1

.1

.2

.2

-.3- . 61.0

-2

Sea-son-a

justed

- 0 . 9- . 1

— 3

7.2,3

- . 11

- . 0

- . 0.3.32.1

- . 1.1

~!4- . 1

Unad-justed

1.2=.4

.5- . 6

7.8.4.2

.92

— .2

022

!s0

.0

.4

.61.0.3

= . 3

Sea-son-allyad-

justed

- 1 . 4- . 3- . 3- . 4

.1

.3- . 0

- . 2

- . 1.2.3

.3

- . 2

- ! l

-2

Unad-justed

0.1

o'

.122

-.917

o

.4

.20

.8- . 20

20

U.1.0

Sea-son-aljyad-

justed

- 0 . 1,3.3.0.2

.2

.5- . 1

1.3

.2

.4

.3

=! i.12

22

Unad-justed

- 4 . 1- 2 . 8- 1 . 8- 3 . 2

2.62.9

.4

.4- . 2—.914

- 1 . 3

- 1 . 8.5.1

~L5.3

- 1 . 2- 1 . 9

1.1

- L 5

Sea-son-allyad-

justed

= 3.5- 3 , 0- 3 , 0- 1 . 9

2.62.4

- . 3- . 2

—*51 2

- 1 . 1

= 1.2.3

- 1 . 2.4

1.5- . 2

- 1 . 8- 2.5

21.5.6

- 1 . 3

Unad-justed

- 0 . 2.3

~*.2

.4

.2

~i!s1

.1

.5

.2

.2

'.0~.o

!o- . 61.0

0'

Sea-son-

3justed

- 0 . 4.4.4.0

.3

.5- . 1

~*3.2

.2

.3

.6

.20

.2

.2

.3

.2

1 Changes from December to December are based on unadjusted indexes.2 Data nave been revised through August 1984 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.Source: Department of Labor, Bureau of Labor Statistics.


MONEY STOCK, CREDIT, AND FINANCE

TABLE B-61.—Money stock, liquid assets, and debt measures, 1959-84

[Averages of daily figures; billions of dollars, seasonally adjusted]

Ml

Sum ofcurrency,demand

deposits,travelers

checks, andother

checkabledeposits(OCDs)

M2

Ml plusovernightRPs and

Eurodollars,

balances(general

purpose andbroker/dealer),

MMDAs. andsavings andsmall timedeposits

M3

M2 pluslarge timedeposits,term RPs,

andinstitution-only MMMF

balances

M3 plusother liquid

assets

Debt»

Debt ofdomestic

nonfinancialsectors

(monthlyaverage)

December:1959....I960....1961....1962...,1963....1964....1965....1966....1967....1968....1969...1970...1971..,.1972...1973....1974....1975...1976...1977...1978...1979...1980....1981...,1982...1983...1984"

1984:JanFebMar .

fcJune....JulyAugSept....OctNovDec "...

141.0141.8146-5149.2154.7161.9169.5173.7185.1199.4205.8216.6230.8252.0265.9277.6291.2310.4335.4363.1389.1414.9441.9480.5525.4554.5

530.1533.0535.3535.5541.2546.3545.8546.6548.9545.5549.4554.5

297.8312.3335.5362.7393.2424.8459.4480.0524.3566.3589.5628.2712.8805.2861.0908.5

1,023.31,163.61,286.71,389.11,498.51,632.61,796.61,965.42,196.32,376.3

2,206.82,222.62,230.02,242.92,258.62,272.12,281.92,291.02,305.62,317.22,346.42,376.3

299.8315.3341.0371.4406.0442.5482.2505.1557.1606.2615.0677.5776.2886.0985.0

1,070.51,172.41,311.91,472.91,647.11,804.81,990.02,238.22,462.52,710.42,987.3

2,723.12,746.22,767.12,792.12,819.12,841.62,862.62,873.62,891.42,915.72,952.92,987.3

388.6403.6430.8466.1503.8540.4584.4614.8666.5728.9763.5816.3903.1

1,023.01,141.71,249.31,367.91,516.61,704.71,910.62,117.12,326.22,599.82,870.83,183.1

683.4718.776L6814.5870.4934.0

1,002.81,070.11,147.11,242.41,330.71,420.51,555.51,715.31,906.32,081.82,270.82,513.32,829.13,200.03,583.53,926.14,311.84,710.05,224.6

3,198.33,227.93,269.83,296.13,328.63,372.93,410.73,432.53,455.7

5,282.85,341.75,396.75,455.95,517.75,571.75,632.45,694.55,743.15,798.95,871.6

1 Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors; datafrom flow of funds accounts.

Note.—The nontransactions portion of M2 is seasonally adjusted as a whole to reduce distortions caused by substantial portfolioshifts arising from regulatory and financial changes in recent years, especially shifts to MMDAs in 1983. A similar procedure is used toseasonally adjust the remaining nontransactions balances in M l See Table B-62 for components.


303


TABLE B-62.—Components of money stock measures and liquid assets, 1939-84

[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]

Period Currency Travelerschecks

Demanddeposits

Othercheckabledeposits

Overnightrepur-chase

merits<RPs)

net, plusovernightEurodol-

larsNSA

Money market mutualfund (MMMF)

balances

Generalpurpose

andbroker/-

dealerNSA

Institu-tion only

NSA

Moneymarketdeposit

accounts(TA,

Savingsdeposits

December:1959....

I960....1961....1962....19631964

19651966....1967..,.1968....1969....

1970....1971....1972....1973....1974....

197519761977....19781979

19801981....1982....1983....1984 "..

1984:JanFebMar

{"iyAugSeptOcfNovDec*....

29.0

28.929,530.632.534.3

36.338.340.443.446.1

49.252.656.861.567.8

73.980.588.597.4

106.3

116.7124.0134.1148.0158.0

149.9150.2150.9151.8152.9154.2

155.0156.0156.7157.2157.5158.0

0.4

.4

.4

is

1.01.11.31.51.8

2.32.83.13.53.7

4.24.34.34.95.2

4.95.05.05.15.15.1

5.25.25.15.05.15.2

111.6

112.5116.5118.2121.7127.0

132.5134.6143.9155.1158.8

166.3176.9193.7202.5207.5

214.2224.4239.6253.8261.9

266.5236.2239.7243.7248.3

244,5243.8244.0245.3245.2248.2

247.1245.5246.4243.8245J248.3

0.0

.0

.0

.0

A

.1

.1

.1

.1

.1

.2

A.9

2.74.28.5

17.1

27.677.4

102.4128.9143.0

130.8134.0135.4133.3138.0138.8

138.5139.9140.7139.6141.1143.0

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.02.2

1.32.32.85.35.6

5.810.614.720.321.2

28.335.944.156.257.6

58.659.558.357.559.156.5

56.958.756.856.858.257.6

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

u2.72.42.46.4

33.4

61.6150.6185.2138.2168.1

137.8142.1144.8145.9146.5148.9

150.5150.6152.0155.7162.2168.1

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0,0.0.0.2

.4

.6

3:?9.5

15.238.051.143.262.7

43.544.645.045.045.345.7

46.146.246.952.258.3627

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.043.0

376.0410.0

380.3386.0392.5396.4394.6392.9

389.2383.8383.4386.8397.3410.0

146.4

159.1175.5194.8214.4235.2

256.9253.1263.7268.9263.7

261.0292.2321.4326.8338.5

388.7452.8491.3480.8423,1

401.4345.7362.1312.9294.3

309.9306.6305.5305.5305.5305.1

303.0299.7298.8297,3296.1294.3


304


TABLE B-62.~Components of money stock measures and liquid assets, 1959-84—-Continued

[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]

Period

December:1959

I9601961196219631964 .

19651966196719681969

19701971 . .197219731974

19751976 . .197719781979

19801981198219831984 p

1984:Jan .. .FebMarAprhfay ..June

JulyAug ..SeptOctNovDecp

Smalldenomi-nationtime

deposits1

11.4

12.514 820.125529 2

34 555.077 8

100 5120.4

152.2190 5232.226602881

33813910446.052196358

7314827 3856 9793.1897.1

797.0800 9803.4808 3816.78290

8452862.0874.3884.9891 5897.1

Largedenomi-nationtime

deposits1

1.2

2.03.97.0

10 815.2

21.223.130937.420.4

45.257 773.3

1110144.7

129.71181145.1195 2222.1

258.43013327 4325.4409.7

333.03399347.9355 5367.33788

389 0391.9392.8401.0404 3409.7

Termrepur-chaseagree-ments(RPs)NSA

€.0

.0

.0

.0

.0

.0

.0

.0

.0

.02.6

1.62.73.56.88.0

8.414.119.427.030.1

34.737040.256.064.6

53.354.555.959 861.6596

59663.464.766.468 264.6

TermEurodol-

lars(net)VISA

0.7

.81.41.61.92.4

1.72.12.12.92.7

2.22.73.65.48.09.7

14.820.231.844.7

50.367 581.793.481.5

89.989 993.293194.1903

88886.184.479.080 181.5

Savingsbonds

46.1

45.746.546.948.149.0

49.650.251.251.851.7

52.054.357.660.463.3

67,271.876,480.379.5

72.367.767.971.0

71.271.772.272.572.873.0

73.273.473.6

Short-term

Treasurysecurities

38.6

36.737.039.840.738.5

40.743.238.746.159.5

48.936.140.749.452.9

69.570.478.482.0

108.6

133.8149.9187.8223.3

226.3231.2245.2241.4239.9254.4

267.4276.8286.3

Bankers'accept-ances

0.6

.91.11.11.21.3

1.61.81.82.33,3

3.53.83.55.0

12.6

10.710.814.122.027.1

32,039.843.843.3

42.741.642.443.145.346.9

47.347.346.2

Commer-cial paper

3.6

5.15.26.87.79.1

10.214.417.822.534.0

34.532.735.241.950,1

48.051,762.979,297,0

98.1104.2108.8130.8

134.9137.3142.9146.9151.4157.1

160.2161.4158.2

1 Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000,respectively.

Note.—NSA indicates data are not seasonally adjusted.See also Table 6 - 6 1 .Source: Board of Governors of the Federal Reserve System.

305


TABLE B-63.—Aggregate reserves of depository institutions and monetary base, 1959-84

[Averages of daily figures-, millions of dollars; seasonally adjusted, except as noted]

Year and month

Adjusted for changes in reserve requirements«

Reserves of depository institutions

Total2rowed

Nonbor-rowedplus

extendedcredit

Required

Mone-tary

base'

Borrowings of depositoryinstitutions from the Federal

Reserve, NSA

Total Seasonal Extendedcredit

1959: Dec

I960: Dec1961: Dec1962: Dec1963: Dec1964: Dec

1965: Dec1966: Dec1967: Dec1968: Dec1969: Dec



1980: Dec1981: Dec1982: Dec1983: Dec1984: Dec *

1983:'JanFeb...Mar,!."

fernJuneJulyAugSectOctNov.;Dec

1984:Jan.Feb.;;;;;;Mar

fe::::::::::::June ,JulyAugSeptOct.Nov.;;;;;Dec P

13,695

13,86314.29314,55614,85615,336

15,88115,87517,27918,18118,471

19,35620,59422,66323,67124,904

25,04425,59626,62727,90629,087

31,03832,09634,28336,13838,704

33,95934,39334,94435,27135,37735,848

36,00336,04336,13936,15736,10336,138

36,35737,02537,09737,10937,44738,282

38,23338,38038,13537,74538,09938,704

12,754

13,78914,16014.29614,52415,072

15,43715,34217.05117,43517,352

19,02320,46821,61322.37324,176

24,91425,54326,05727,03827,615

29,34831,46033,64935,36435,518

33,43033,81134,15234,26134,42434,212

34.55034,49634,69835,31335,19835.364

35,64236,45836,14535.875

32,30930,36330,89431,72833,48235.518

12,754

13,78914,16014,2%14,52415,072

15,43715,34217,05117,43517,352

19,02320,46821,61322,37324,323

24,92625,54326,05727,03827,615

29,35131,60833,83535,36638,122

33,58734,08934,46934,66634,93735,170

35,12834,98735,2133556935,20435,366

35,64636,46336,17235,91934,49636,855

37.31737,40637,35236,78537,31938,122

13,189

13,12013,70913,98514,36614,930

15,45815,53616,90417,75518,185

19,10720,41222,37923.36824,645

24,77825,32226,43727,67428,759

30,52431,77733,78335,57837,857

33,41133,95834,51134,79434,92835,368

35,49535,59635,64135,65235,57435,578

35,74436,08336,38836,61936,87037,516

37,62637,69737,51537,13837,41937,857

43,425

43,40844,43745,68347,93550,285

52,96155,03658,45362,53365,678

69,68574,37780,92187.43694,629

100,771108,347117,461128,043138,903

150,342158,097170,145185,486198,007

171,003172,821174,668175,882177,166178,808

179,789180,619182,272183,357184,472185,486

187,469189,277189,417190,357191,977193,858

194,755195,980195,992196,375197,022198,007

941

74133260

444532228746

1,119

332126

1.0501,298727

13053

569868

1,473

1,690636634774

3,186

529582792

1,009952

1,636

1,4531,5461,441844906774

715567952

1,2342,9883,300

5,9248,0177,2426,0174,6173,186

4132

14135513581

116543396113

3340538299122

17119819014212196

103133139196264

308346319299212113

147

12

31481862

2,604

157278317405513958

57849151525662

4

274437

1,873

5,0087,0436,4595,0573,8372,604

"Reserve aggregates include required reserves of member banks and Edge Act corporations and other depository institutions.Discontinuities associated with the implementation of the Monetary Control Act, the inclusion of Edge Act corporation reserves, andother changes In Regulation D have been removed. Beginning with the week ended December 23, 1981, reserves aggregates have beenreduced by shifts ofreservable liabilities to international banking facilities (IBFs), On the basis of reports of liabilities transferred toIBFs by U.S. commercial banks and U.S. agencies and branches of foreign banks, it is estimated that required reserves were lowered onaverage by $10 to $20 million in December 1981 and $40 to $70 million in January 1982.

2 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with requiredreserve balances plus vault cash equal to required reserves at other instititions.8 Includes reserve balances and required clearing balances at Federal Reserve Banks in the current week plus vault cash held twoweeks earlier used to satisfy reserve requirements at all depository institutions plus currency outside the U.S. Treasury, Federal ReserveBanks, the vaults of depository institutions, and surplus vault cash at depository institutions.


306


TABLE B-64.—Commercial bank loans and investments, 1972-84

[Monthly average, billions of dollars, seasonally adjusted']

Year and monthTotal loans

andinvestments

loans

TotalCommercial

andindustrial

Investments

U.S.Governmentsecurities

Othersecurities

1972: Dec1973: Dec1974: Dec


1980: Dec1981: Dec1982: Dec1983: Dec1984: Dec".,.

1983:JanFebMar

fczJuneJulyAugSeptOctNovDec


JulyAugSeptOctNov. . . .Dec

572.3647.8713.7

744.9804.6891.4

1,013.81,135.4

1,481.41,495.01,506.81,520.81,539.11,553.0

1,565.01,584.11,599.61,612.91,629.81,636.6

1,652.61,662.1

21,674.91,683.01,700.91,713.6

390.5460.1519.8

516.9554.8632.2746.9849.1

1,239.41,307.41,400.51,553.01,713.6

1,411.71.419.51,432.31,443.31,453.61,466.9

914.2967.4

1,032.81,122.71,313.1

1,035.11,038.21,044.41,049.11,051.31,057.9

1,069.01,079.41,086.21,095.31,108.51,122.7

1,160.81,181.21,196.31,213.21,232.01,243.2

1,256.71,264.2

21,275.01,284.51,299.91,313.1

137.5165.0196.6

189.3190.9211.0246.1291.1

326.9355.1391.5412.8469.9

392.9393.8395.5394.5393.2394.6

397.9401.2402.1405.0409.6412.8

414.1421.7432.2438.5448.0452.2

455.0458.1

2 460.0463.9469.5469.9

88.688.286.3

116.7136.3136.6137.6144.4

170.9179.6202.7260.8260.2

208.8213.4220.9226.0233.4238.5

240.7242.2246.9252.9257.8260.8

260.4260.7261.0257.6257.3253.7

256.4257.1258.0257.0259.4260.2

93.299.4

107.5

111.2113.5122.7129.2141.9

154.4160.4165.0169.6140.3

167.8167.8167.0168.2169.0170.5

171.7173.4173.7172.6172.7169.6

143.7142.2142.3142.1140.5139.7

139.5140.8141.9141.5141.6140.3

'Data are prorated averages of Wednesday figures for domestically chartered banks and averages of montfi-end data for foreign-relatedinstitutions.

2 Beginning September 26, 1984, a transfer of loans from Continental Illinois National Bank to the Federal Deposit InsuranceCorporation reduced total loans and investments and total loans by $1.9 billion, commercial and industrial loans by $1.4 billion, and realestate loans (not shown here) by $0.4 billion.

Note.—Data are not strictly comparable because of breaks in the series.



TABLE B-65.—Total funds raised in credit markets by nonfinancial sectors, 1975-84


Item 1975 1976 1977 1978 1979 1980 1981 1982 1983

Net credit market borrowing by nonfinancial sectors

Total net borrowing by domestic nonfinancial sectors..

U.S. Government

193.0 243.5 319.4 369.8 386.0 344,6 380.4 404.1 526.4

Treasury issuesAgency issues and mortgages..

Private domestic nonfinancial sectors..

Debt capital instruments

Tax-exempt obligations..Corporate bondsMortgages

Home mortgagesMulti-family residential..CommercialFarm

Other debt instruments

Consumer creditBank loans n.e.cOpen-market paper..Other

By borrowing sector: Total...

State and local governments..HouseholdsNonfinancial business

FarmNonfarm noncorporate-Corporate

Foreign net borrowing in United States..

Bank loans n.e.c,

U.S. Government loans..

Total domestic plus foreign..

85.4

85.8

- . 4

107.6

100.916.127.257.6

42.0.0

11.04.6

6.7

9.6-10.4- 2 . 610.1

107.6

12.353.541.8

8.512.520.9

11.3

6.22.0

Z8

204.4

Total funds supplied to domestic nonfinancial sectors..

Private domestic nonfinancial sectors

Deposits and currency „..

Checkable deposits and currencyTime and savings depositsMoney market fund sharesSecurity repurchase agreementsForeign deposits

Credit market instruments-

Foreign funds

At banksCredit market instruments...

U.S. Government and related loans, netU.S. Government cash balancesPrivate insurance and pension reservesOther sources .

193.0

141.6

102.0

15.6

84.11.3

39.6

- 2 . 5

- 8 . 6

6.1

11.9-1 .740.13.6

69.0

69.1

- . 1

174.5

123.6

15.722.885.1

63.93.9

11.65.7

50.9

25.44.54.0

16.9

174,5

13.291.569.8

10.215.444.2

19.3

8.65.61.93.3

262.8

56.8

57.6- . 9

262.6

171.1

21.922.9

126.3

94.07.1

18.17.1

91.6

40.227.12.9

21.3

262.6

12.0140.7110.0

12.328.0

13.5

5.13.12.43.0

332.9

53.7

55,1

- 1 . 4

316.2

199.728.421.1

150.2

112.29.2

21.77.2

116.5

48.837.4

5.225.1

316.2

16.5172.0127.6

14.632.480.6

33.8

4.219.16.63.9

403.6

37.4

38.8

- 1 . 4

348.6

211.230.317.3

163.6

120.07.8

23.911.8

137.5

45.451.211.129.7

348.6

17.6179.3151.7

21.434.496.0

20.2

3.92.3

11.22.9

406.2

79.2

79.8- . 6

265.4

192.0

30.326.7

135.1

96.78.8

20.29.3

73.4

6.336.7

5.724.8

265.4

17.2122.1126.1

14.433.778.1

27.2

11.510.14.7

371.8

87.4

87.8

- . 5

293.1

159.1

22.721.8

114.676.04.3

24.69.7

134.0

26.754.719.233.4

293.1

6.2127.5159.4

16.340.2

102.9

27.2

5.43.7

13.94.2

407.6

161.3

162.1- . 9

242.8

158.9

53.8

18.786.5

52.55.5

23.65.0

83.9

21.055.5

- 4 . 111.5

242.8

31.394.5

117.1

7.639.570.0

15.7

6.7- 6 . 210.74.5

419.8

Direct and indirect supply of funds to credit markets

243.5

170.7

132.1

17.8110.3

.02.31.7

38.7

10.6

- 4 . 515.2

1.1- . 141.519.7

319.4

185.5

149.0

25.3120.0

.22.21.3

36.5

41.0

1.439.6

4.14.3

55.429.1

369.8

213.6

153.9

25.4112.1

6.97.52.0

59.6

44.6

6.538.0

- 6 . 66.8

74.936.6

386.0

246.5

146.8

26.278.134.46.61.5

99.6

23.0

27.6- 4 . 6

11.6

72 831.8

344.6

237.2

181.1

15.5128.729.26.51.1

56.1

1.5

-=21.723.2

1.8- 2 . 683.922.7

380.4

292.5

221.9

27.583.9

107.52.5

70.6

7.6

- 8 . 716.3

6.8-1 .190.4

-15.9

404,1

276.1

181.9

25.4130.524.73.8

- 2 . 5

94.2

- 8 . 6

-26.718,1

10.46.1

104.615.6

186,6

186.7

339.8

239.3

56.315.7

167.3

108.78.4

47.32.9

100.5

51.327.3

- 1 . 223.1

339.8

36.7175.4127.7

4.363.959.5

18.9

3.84.96.04.3

545.3

526.4

364.7

222.6

36.0211.6

-=44.114.34.8

142.1

49.2

22.127.1

3.3- 5 . 399.215.2



TABLE B-65.—Total funds raised in credit markets by nonfinancial sectors, 1975-84—Continued


Item1983 1984

Net credit market borrowing by nonfinancial sectors

Total net borrowing by domestic nonfinancial sectors ...

U.S. Government

Treasury issues

Agency issues and mortgages


Debt capital instruments

Tax-exempt obligationsCorporate bondsMortgages

Home mortgagesMulti-family residentialCommercialFarm ,

Other debt instruments

Consumer creditBank loans n.e.cOpen-market paperOther,..,

By borrowing sector: Total

State and local governmentsHouseholdsNonfinancial business

farm ,Nonfarm noncorporateCorporate

Foreign net borrowing in United States

BondsBank loans n.e.cOpen-market paperU.S. Government loans

Total domestic plus foreign

Total funds supplied to domestic nonfinancial sectors


Deposits and currency

Checkable deposits and currencyTime and savings deposits ,Money market fund sharesSecurity repurchase ageementsForeign deposits

Credit market instruments

Foreign funds

At banksCredit market instruments

U.S. Government and related loans, netU.S. Government cash balancesPrivate insurance and pension reservesOther sources ,

Source: Board of Governors of trie Federal Reserve System.

428.6

209.6

209.5.1

219.0

175.0

50.522.0

102.5

67.1- . 435.3

.5

44.0

26.517.1

- 1 0 . 711.1

219.0

31.1108.579.4

4Z437.5

8.9

3.617.7

-16 .84.4

549.3

234.5

234.8

- . 3

314.8

253.875.124.0

154.7

100.56.1

45.42.7

61.0

45.39.6

-10 .516.6

314.8

52.7161.0101.1

2.157.841.2

21.6

5.74.97.63.4

516.2

165.2

165.4

351.0

251.7

44.09.1

198.6

131.812.350.44.2

99.3

48.718.07.2

25.4

351.0

25.1195.9129.9

4.775.449.8

13.3

2.9- 3 . 4

9.14.8

611.4

136.9

137.1

- . 1

474.4

276.755.57.8

213.4

135.515.658.34.0

197.8

84.664.5

9.439.3

474.4

38.0236.1200.3

11.179.9

109.4

31.7

3.0

2334.5

437.5 570.9 529.5 643.1 650.0 764.0 619.1

660.9

184.1

184.4

- . 3

476.8

256.746.529.4

180.8

123.314.341.5

1.8

220.1

78.596.012.133.5

476.8

27.4201.1248.3

4.168.1

176.1

-10 .9

-1 .1-3 .7

-13 .27.2

715.6

161.6

161.8- . 1

554.0

280.3

29.618.7

232.1

141.718.969.0

2.4

273.6

124.287.250.911.3

554.0

10.6261.6281.7

- 2 . 697.5

186.8

48.4

3.3-10 .3

50.94.5

652.9

186.1

186.3

466.7

295.3

54.435.9

205.0

129.215.159.4

1.2

171.4

87.545.923.114.9

466.7

31.1241.8193.8

5.368.3

120.2

- 3 3 . 7

2.2-13.4-30.3

7.8

Direct and indirect supply of funds to credit markets

428.6

322.2

238.2

49.5259.9

-105.221.7

12.3

84.0

-15.4- 3 7 . 4

22.0

3.61.2

86.130.9

549.3

377.4

190.8

76.1175.3

-62.7.4

1.6

186.6

40.69.1

31.6

19.118.994.0- . 8

516.2

340.6

208.5

13.8204.6- 6 . 5- 3 . 5

.0

132.1

41.735.5

6.231.2

-21.793.630.9

611.4

418.6

252.9

4.4206.5- 1 . 838.5

5.3

165.7

130.0

81.548.6

-40.5-19 .8123.2

- . 1

660.9

416.2

272.9

63.3167.344.92.6

- 5 . 1

143.3

34.8

21.013.8

36.115.186.572.2

715.6

538.4

316.2

47.7252.2

15.48.1

- 7 . 2

222.2

53.3

13.240.1

-18.0-12 .2124.529.6

652.9

457.7

273.7

- 1 . 4284.420.5

-23.8- 6 . 0

184.0

39.2

12.227.0

13.916.186.939.1


TABLE B-66.—Bond yields and interest rates, 1929-84

[Percent per annum]

Year andmonth

1929

1933

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

197019711972 ........19731974

19751976197719781979

19801981198219831984



U.S. Treasury securities

Bills(new issues) l

3-month

0.515

.023

.014103326.373.375

375375594

1.0401.102

1.21815521.7661.931.953

1.7532.6583.2671.8393.405

2.9282.3782.7783.1573.549

3.9544.8814.3215.3396.677

6.4584.3484.0717.0417.886

5.8384.9895.2657.221

10.041

11.50614.02910.686

8.639.58

12.03612.81415.52614.0039.1506.995

8.1269.259

10.32111.58013.88815.661

6-month

3$32*

3.2472.6052.9083.2533.686

4.0555.0824.6305.4706.853

6.5624.5114.4667.1787.926

6.1225.2665.5107.572

10.017

11.37413.77611.084

8.759.80

11.85112.72115.10013.6189.1497.218

8.1019.443

10.54611.56613.61214.770

Constantmaturities2

years

2.471.63

2.473.193.982.844.46

3.983.543.473.674.03

4.225.235.035.687.02

7.295.655.726.957.82

7.496.776.698.299.71

11.5514.4412.9210.4511.89

10.8812.8414.0512.029.448.91

9.2710.6311.5712.0113.3113.65

mill

years

2.852.40

2.823.183.653.324.33

4.123.883.954.004.19

4.284.925.075.656.67

7,356.166.216.847.56

7.997.617.428.419.44

11.4613.9113.0011.1012.44

10.8012.4112.7511.4710.189.78

10.2511.1011.5111.7512.6812.84

Corporatebonds

(Moody's)

4.73

4.49

3.01

2.842 772.832.732.72

2 622.532612.822.66

2.622 862.963.202.90

3.063.363.893.794.38

4.414.354.334.264.40

4.495.135.516.187.03

8.047.397.217.448,57

8.838.438.028.739.63

11.9414,1713.7912.0412,71

11.0912.3812.9612.0410.9910.58

11.0711.6412.0212.3112.9713.21

D 3 3

5.90

7.76

4.96

4.754 334.283.913.61

3 293.053 243.473.42

3.243.413.523.743.51

3.533.884.714.735.05

5.195.085.024.864.83

4.875.676.236.947.81

9.118.568.168.249.50

10.619.758.979.49

10.69

13.6716.0416.1113.5514.19

12.4213.5714.4514.1913.1712.71

12.6513.1513.7014.2314.6415.14

High-

grademunici-pal

bonds(Stand-a r d s

Poor's)

4.27

4.71

2.76

2.502102.362.061.86

1671.642 012.402.21

1.982002.192.722.37

2.532.933.603.563.95

3,733.463.183.233.22

3.27

3 984l515.81

6.515.705.275.186.09

6.896.495.565.906.39

8.5111.2311.579.47

10.15

7.218.049.098.407.377.60

8.088.628.959.119.55

10.09

Nownew-home

mortgageyiefds

/rill nn\ 4(t-HLBB)*

5.895.82

5.81

6.466 977!80

8.457.747.607.968.92

9.00

IS9.5610.78

12.6614.7015.1412,5712.38

11.8711.9312.6213.0313.6812.66

12.4812.2512.3512.6113.0413.28

Com-mercial

paper, 6months*

5.85

1.73

.59

.5653.66.69.73

.75

l!031.441.49

1.452.162.332.521.58

2.183.313.812.463.97

3.852.973.263.553.97

4.385.555.105.907.83

7,715.114.738.159.84

6.325.345.617.99

10.91

12.2914.7611.898.89

10,16

12.6613.6016,5014.939.298.03

8.299.61

11.0412.3214.7316.49

Prime ratecharged by

banks8

5.50-6.00

1,50-4.00

1.50

1.501501.501.501.50

150L50

1.50-1.751.75-2.00

2.00

2.072.563.003.173.05

3,163.774.203.834.48

4.824.504.504.504.50

4.545.635.616.307.96

7.915.725.258.03

10.81

7.866.846.839.06

12.67

15.2718.8714.8610.7912.04

High-low

15.25-15.2516.75-15.2519.50-16.7520.00-19.5019.00-14.0014.00-12.00

12.00-11.0011.50-11.0013.00-11.5014.50-13.5017.75-14.5021.50-17.75

Discountrate,

FederalReserveBank of

New York8

5.16

2.56

1.00

1.00100

*i!oo•1.00B 1,00

81.0081.00

1.001.341.50

1.591.751.751.991.60

1.892.773.122,153.36

3.533.003.003.233.55

4.044.504.195.165.87

5.954.884.506.447.83

6.255.505.467.46

10.28

11.7713.4211.028.508.80

High-low

12.00-12.0013.00-12.0013.00-13,0013.00-13.0013.00-12.0012.00-11.00

11.00-10.0010.00-10.0011.00-10.0011.00-11.0012.00-11.0013.00-12.00

Federalfundsrate7

!"!!

.....

1.782.733.111.573.30

3.221.962.683.183.50

4.075.114.225.668.20

7.184.664.438.73

10.50

5.825.045.547.93

11.19

13.3616.3812.269.09

10.22

13.8214.1317.1917.6110.989.47

9.039.61

10.8712.8115.8518.90



TABLB B-66.—Bond yields and interest rates, 1929-84—Continued

[Percent per annum]

Yearand

month

1981:JanFebMar....

to.June...July....Aug....Sept...OctNovDec

1982:JanFebMar....

May....June...July....Aug....Sept...OctNovDec

1983:JanFebMar. . . .AprMay....June...July....Aug....Sept...OcfNovDec

1984:JanFebMar....

ivfay.'.".'June...July....Aug....Sept...Oc?NovDec

V.S. Treasury securities

Bills(new issues)'

3-month

14.72414.90513.47813.63516.29514.55714.69915.61214.95113.87311.26910.926

12.41213.78012.49312.82112.14812.10811.9149.0068.1967.7508.0428.013

7.8108.1308.3048.2528.198829.129.399.058.718.718.96

8.939.039.449.699.909.94

10.1310.4910.419.978.798.16

6-month

13.88314.13412.98313.43415.33413.94714.40215.54815.05714.01311.53011.471

12.93013.70912.62112.86112.22012.310

12.23610.1059.5398.2998.3198.225

7.8988.2338.3258.3438.208.899.299.539.198.908.899.14

9.069.139.589.83

10.3110.5510.5810.6510.5110.058.998.36

Constantmaturities2

years

13.0113.6513.5114.0915.0814.2915.1516.0016.2215.5013.1113.66

14.6414.7314.1314.1813.7714.48

14.0012.6212.0310.629.989.88

9.649.919.849.769.66

10.32

10.9011.3011.0710.8710.9611.13

10.9311.0511.5911.9812.7513.1813.0812.5012.3411.8510.9010.56

10years

12.5713.1913.1213.6814.1013.47

14.2814.9415.3215.1513.3913.72

14.5914.4313.8613.8713.6214.30

13.9513.0612.3410.9110.5510.54

10.4610.7210.5110.4010.3810.85

11.3811.8511.6511.5411.6911.83

11.6711.8412.3212.6313.4113.5613.3612.7212.5212.1611.5711.50

Corporatebonds

(Moody's)

Aaa 3fxaa

12.8113.3513.3313.8814.3213.7514.3814.8915.4915.4014.2214.23

15.1815.2714.5814.4614.2614.8114.6113.7112.9412.1211.6811.83

11.7912.0111.7311.5111.4611.74

12.1512.5112.3712.2512.4112.57

12.2012.0812.5712.8113.2813.5513.44!2.8712.6612.6312.2912.13

RaaOdd

15.0315.3715.3415.5615.9515.8016.1716.3416.9217.1116.3916.55

17.1017.1816.8216.7816.6416.9216.8016.3215.6314.7314.3014.14

13.9413.9513.6113.2913.0913.37

13.3913.6413.5513.4613.6113.75

13.6513.5913.9914.3114.7415.0515.1514.6314.3513.9413.4813.40

High-grade

munici-pal

bonds(Stand-ards

Poor's)

9.6510.0310.1210.5510.7310.5611.0312.1312.8612.6711.7112.77

13.1612.8112.7212.4511.9912.4212.1111,1210.619.599.979.91

9.459.489.168.969.039.51

9.469.729.579.649.799.90

9.619.639.929.98

10.5510.7110.5010.0310.1710.3410.2710.04

New-home

mortgageyields

/rfll QR\ 4

13.2713.5414.0214.1514.1014.6714.7215.2715.2915.6516.3815.87

15.2515.1215.6715.8415.8915.4015.7015.6814.9814.4113.8113.69

13.4913.1613.4112.4212.6712.3612.5012.3812.5412.2512.3412.42

12.2912.2312.0212.0412.1812.1012.5012.4312.5312.7712.7512.55

Com-mercial

paper, 6months8

15.1014.8713.5914.1716.6615.2216.0916.6215.9314.7211.9612.14

13.3514.2713.4713.6413.0213.7913.0010.8010.869.218.728.50

8.158.398.488.488.319.039.369.689.288.989.099.50

9.189.319.86

10.2210.8711.2311.3411.1610,9410,169.068.55

Prime ratecharged by

banks6

High-low

21.50-20.0020.00-19.0019.00-17.5018.00-17,0020.50-18.0020.50-20.0020.50-20.0020.50-20.5020.50-19.5019.50-18.0018.00-16.0015.75-15.75

15.75-15.7517.00-15.7516.50-16.5016.50-16.5016.50-16.5016.50-16.5016.50-15.5015.50-13.5013.50-13.5013.50-12.0012.00-11.5011.50-11.50

11.50-11,0011.00-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.5011.00-10.5011.00-11.0011.00-11.0011.00-11.0011.00-11.00

11.00-11.0011.00-11.0011.50-11.0012.00-11.5012.50-12.0013.00-12.5013.00-13.0013.00-13.0013.00-12.7512.75-12.0012.00-11.2511.25-10.75

Discountrate,

FederalReserveBank of

New York8

High-tow

13.00-13.0013.00-13.0013.00-13.0013.00-13.0014.00-13.0014.00-14,0014.00-14.0014.00-14.0014.00-14.0014.00-14.0014.00-13.0013.00-12.00

12.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-11.5011.50-10.0010.00-10.00

10.00-9,509.50-9.009.00-8.50

8.50-8.508.50-8.508.50-8,508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.50

8.50-8.508.50-8.508.50-8.509.00-8.509.00-9.009.00-9.009.00-9.009.00-9.009.00-9.009.00-9.009.00-8.508.50-8.00

Federalfundsrate7

19.0815.9314.7015.7218.5219.1019.0417.8215.8715.0813.3112.37

13.2214.7814.6814.9414.4514.1512.5910.1210.319.719.208.95

8.688.518.778.808.638.989.379.569.459.489.349.47

9.569.599.91

10.2910.3211.0611.2311.6411.309.999.438.38

1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department.3 Series excludes public utility issues for January 17, 1984 through October 11, 1984 due to lack of appropriate issues.4 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and

assuming, on the average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.6 Bank discount basis; prior to November 1979, data are for 4-6 months paper.«For monthly data, high and low for the period. Prime rate for 1929-33 and 1947-48 are ranges of the rate in effect during the

period.7 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions at

these rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usuallythe one at which most transactions occurred.

8 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.

Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board (FHLBB),Moody's Investors Service, and Standard & Poor's Corporation.


TABLE B-67.—Consumer credit outstanding, 1950-84

[Amount outstanding (end of month); millions of dollars, seasonally adjusted]

Year and monthTotal

consumercredit

Installment credit*

Total Automobile Revolving * Mobile homes Other

Noninstallmentcredit4

December:

19531!195419551956195719581959

19601961

1964""!19651966196719681969

1970197119721973197419751976197719781979

1980198119321983

1983:JanFebMar

fczJune.......

mAugSeptOct.NovDec

1984:Jan.Feb ;;Mar

&E:JulyAug

Nov

25,01826,57631,83035,92837,29344,31948,2245 1 , : "51,L59,432

63,92866:56972,83081,57891,279

101,726108,227113,628124:915135,431

141,010155,537175,286200,894210,634219,772244,932284,599332,849377,486

383,246409,598433,480484,263

437,473436,672440,007443,011446,156451,186

455,425459,714463,209468,891475,130484,263

493,268497,335503,891512,132524,922534,946

543,904551,966556,824564,944574,057

15,16615,85920,12123,87024,47029,80932,66034,91434,73640,421

44,33545,43850,37557,05664,67472,81478,16281,78390,11299,381

103,905116,434131,258152,910162,203169,387190,725226,646269,392307,115

309,694330,218348,944388,718

351,539351,561354,498356,539358,811362,672

366,378370,471373,024378,117382,936388,718

393,187399,795405,665412,073422,306430,131

437,237443.235447,518453,793461,743

6,0355,9817,6519,7029,755

13,48514,49915,49314,26716,641

18,10817,65620,00122,89125,86529,37831,02431,13634,35236,946

36,34840,52247,83553,74054,24157,27967,79882,890

101,863116,523

116,808125,323129,799141,876

130,079129,565130,328130,769131,475132,915

134,764137,136137,431139,140140,408141,876

143,982146,781147,107149,265152,954155,851

159,273161,050162,367164,724167,448

2,0223,563

4,9008,2529,391

11,31813,23214,46716,50536,42745,00453,174

54,90060,30965,45375,564

65,76265,76766,81467,78568,36969,473

70,08970,63071,20972,44773,87475,564

76,06977,34280,30482,17284,98986,558

87,19888,512

91,33293,04.6

2,4337,1719,468

13,50514,58214,38214,53014,89715,19916,843

17,30217,87922,11923,460

22,36922,35122,52522,57622,67622,839

23,07623,29823,55323,52323,45923f460

23,36823,24123,52623,81124,11324,567

25,02925,60225,92025,70425,675

9,1319,878

12,47014,16814,71516,32418,16119,42120,46923,780

26,22727,78230,37434,16538,80943,43647,13850,64753,73858,872

60,22460,48964,56474,34780,14883,25991,89292,432

107,326120,575

120,684126,707131,573147,818

133,329133,878134,831135,409136,291137,445

138,449139,407140,831143,007145,195147,818

149,768152,430154,728156,825160,250163,155

165,737168,071169,395172,033175,574

9,85210,71711,70912,05812,82314,51015,56416,22216,85919,011

19,59321,13122,45524,52226,60528,91230,06531,84534,80336,050

37,10539,10344,02847,98448,43150,38554,20757,95363,45770,371

73,55279,38084,53695,545

85,93485,11185,50986,47287f34588,514

89,04789,24390,18590,77492,19495,545

100,08197,54098,226

100,059102,616104,815

106,667108,731109,306111,151112,314

1 Installment credit covers most short- and intermediate-term-credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts' incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments. Credit secured by real estate is generally excluded,

* Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included In ''other/' Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.

9 Not reported separately prior to July 1970/• Noninstallment credit h credit scheduled to be repaid in a Jump sum, including single-payment loans, charge accounts, and service

credit. Because of Inconsistencies in the data and Infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.



TABLB B-68.—Net change in consumer credit outstanding, 1950-84

[Change from preceding period; millions of dollars, seasonally adjusted]

Year and monthTotal

consumercredit

Installment credit *

Total Automo-bile

Revo IV-ing*

Mobilehome3 Other

stailmentcredit *

December:1950195119521953195419551956195719581959

1960...1961...1962...1963...1964...1965...1966...1967...1968...1969...

1970...1971...1972...1973...1974...1975...1976...1977...1978....1979...

1980198119821983

1983:Jan....Feb....Mar...

l/ay"!June..


1984:Jan....Feb....Mar...

May-June..

July...Aug...Sept..

OcfNov...

4,7231,5585,2544,0981,3657,0263,9052,912459

7,837

4,4962,6416,2618,7489,70110,4476,5015,40111,28710,516

5,57914,52719,74925,6089,7409,138

25,16039,66748,25044,637

5,76026,35223,88250,783

3,993- 8 0 13,3353,0043,1455,030

4,2394.2893|4955,6826,2399,133

9,0054,0676,5568,241

12,79010t024

8,9588,0624,8588,1209,113

3,220693

4,2623,749

6005,3392,8512,254- 1 7 85,685

3,9141,1034,9376,6817,6188,1405,3483,6218,3299,269

4,52412,52914,82421,6529,2937,184

21,33835,92142,74637,723

2,57920,52418,72639,774

2,59522

2,9372,0412,2723,861

3,7064,0932,5535,0934,8195,782

4,4696,6085,8706,408

10,2337,825

7,1065,9984,2836,2757,950

1,539-541,670

3,7301,014

994-1,226

2,374

1,467- 4 5 22,3452,8902,9743,5131,646

1123,2162,594

- 5 9 84,1747,3135,905

5013,038

10,51915,09218,97314,660

2858,5154,47612,077

280-514763441706

1,440

1,8492372295

1,7091,2681,468

2,1062,799326

2,1583,6892,897

3,4221,7771,3172,3572,724

2,0221,541

1,3373,3521,1391,9271,9141,2352,03819,9228,5778,170

1,7265,4095,14410,111

309

1,047971584

1,104

616541579

1,2381,4271,690

5051,2732,9621,8682,8171,569

6401,3141,3241,4961,714

2,4334,7382,2974,0371,077-200148367302

1,644

459577

4,2401,341

250-1817451100163

237222255-30-64

-92-127285285302454

462573318

-216-29

1,681747

2,5921,698547

1,6091,8371,2601,0483,311

2,4471,5552,5923,7914,6444,6273,7023,5093,0915,134

1,352265

4,0759,7835,8013,1118,633540

14,89413,249

1096,0234,86616,245

1,756549953578882

1,154

1,004958

1,4242,1762,1882,623

1,9502,6622,2982,0973,4252,905

2,5822,3341,3242,6383,541

1,503865992349765

1,6871,054

658637

2,152

5821,5381,3242,0672,0832,3071,1531,7802,9581,247

1,0551,9984,9253,956

4471,9543,8223,74655046,914

3,1815,8285,156

11,009

1,398- 8 2 3

398963873

1,169

533196942589

1,4203,351

4,536-2,541

6861,8332,5572,199

1,8522,064

5751,8451,163

1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaid (or with the option of repayment) in two or more installments. Credit secured by real estate generally excluded.2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in ''other. Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.3 Not reported separately prior to July 1970.4 Noninstallment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and servicecredit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.

Note—See also Table B-67.Source: Board of Governors of the Federal Reserve System.


TABLE B-69.—Mortgage debt outstanding by type of property and of financing, 1939-84


End of yearor quarter

Allproper-

ties

Farmproper

ties

Nonfarm properties

Total1- to 4-familyhouses

Multi-familyproper-

ties

Com-mercialproper-ties1

Nonfarm properties by type of mortgage

Government underwritten

Total*

1- to 4-family houses

Total FHAinsured

VAguar-

anteed

Conventional •

Total1- to 4-familyhouses

1939

194019411942194319441945.,....,1946194719481949

19501951195219531954

19551956195719581959

196019611962

1965...1966...1967...1968...1969...

19701971197219731974

19751976197719781979

1980198119821983

1982:1..

Ill(V

1983:1

llCZZIV

1984:1

Ill

35.5

36.537.6mm34.735.541.848.956.262.7

72.882.:91.4

101.3113.7

129.9144.5156.5171.1190.8

207.5228.0251.4278.5305.9

333.3356,5381.2410.9441.4

474.2526.5603.4681.6744.3

806.1893.0

1,022.71,173.61,337.41,471.81,583,31,655.01,826.4

1,681.91,723.11,775,11,826:4

1,869.41,926.61,982.6

6.6

6,56,<6.05.44.9

4,84.95.1

5.6

6.16.77.L7.7

9.09i

10.411.112.1

12.813.915.216.818.9

21.223.125.127.429.2

30.332.235.841.346.3

51.156.663.770.882.6

92.0101.7106.7109.6

103.9105.5106.5106.7

106.9108.0109.0109.6

110.1111.0111.7

28.9

30.031.230.829.929.7

30.836.943.950.957.1

66.775.684.293.6

105.4

120.9134.6146.1160.7178.7

194.7214.1236.2261.7287.0

312.1333.4356.1383.5412.2

443.8494.3567.7640.3698.0

755.0836.4959.1

1,102.81,254.8

1,379.81,481.51,548.31,716.8

1,499.51,518.81,525.71,548.3

1,574.91,615.11,666,11,716.8

1,759,41,815.61,871.0

16.3

17.418.18.217.117.9

18.623.028.L33.337,6

45.251.758.566.175.7

88.299.0

107.6117.7130.9

141.9154.6169.3186.4203,4

220.5232.9247.3264.8283.2

298.1328,3372.2415.5451.2

495.0560.7657,8770.7891.0

987.01,065.31,105.71,214.6

1,078.21,090.51,091.71,105.7

1,122.11,146.91,182.11,214.6

1,244.21.278.61,314.1

5.6

5.5.95.85.85.6

5,;6.16.67.58.6

10.11112.312.913.5

14.314.915.316.818.7

20.323.025.8

37.240.343.947.352.2

60.170.182.893.1

100.0

100.6104.5111.5120.7128.4

137.1136.4140.6151.0

138.1138.8138.2140.6

141.5144.7147.1151.0

88162.6

7.0

6.97.06.76.36.;

6.47,79.1

10.210.8

11.512.513,414."16.3

18.320.723.226.129.2

32.436.541,146.250.0

54.560.164.871.476.9

85.695.9

112.7131.7146.9

159.3171.2189.7211.4235.4

255.7279.9302.1351.3

283.3289.5295.8302.1

311.3323.4337.0351.3

360.9378.2394,2

1.8

2.33.(3.74.14.2

4 3€9.8

13.617,1

22.126.629.3

36.2

42.947.851.655/59.

62.365.669.473.477.2

81.284.188.293.4

100.2

109.2120.7131.1135.0140.2

147.0154.1161.7176.4199,0

225.1238.9248.9279.8

240.5241.6246.8248.9

252.5261.1273.7279.8

286.8290.5

1.8

2.3

4J4.2

6J9.3

12.515.0

18.822.925.428.132.1

38.943.947.250.153.8

56.4

B5.S

73.176.179.984.490.2

97,3105.2113,0116.2121.3

127.7133.5141.6153.4172.9

195.2207.6217.9248.8

209.0209.8214.8217,9

222.1230.0241.7248.8

255.9260.5

1.8

2.33.03.74.14,:

4.13.3.85.36.9

8.59.7

10.812.012.8

14.315.516.519.723.8

26.729.532.335.038.3

42.044.847.450.654.5

59.965.768.266.265.1

66.166.568.07 1 /8

93.6101.3108.0127.4

102.0102.7106.2108.0

110.8115.8123.8127.4

131.1133.6

0.22.45.57.:8.1

10.313.214.616.119.3

24.628.<30.730.430.0

29.729.629.930.930.9

31.131.332.533,835.7

37.339.544.750.056.2

61.667.073.682.092.0

101.6106.2109.9121.4

107.0107.1108.6109.9

111,3114.3117.9121.4

124.8126.9

27.1

27.728.227.125.825.5

26.530.634.137.340.0

44.749.154.961

78.086.894.6

105.5119.4

132.3148.5166.9188.2209.8

231.0249.3267.9290.1312.0

334.6373.5436.5505.3557.8

608.0682.3797.3926.4

1,055.7

1,154.71,242.6i;2995i;299.51,437.0

1,259.01,277.21,278.91,299.5

1,322.51,354.01,392.4lr437.0

1,472.61,525.2

14.5

15.115.414.513.713.7

14.316.918.920.822.6

26.328.933.238.043.6

49.355.160.467.677,0

85,595.5

107.1120.5134.1

147.4156.9167.4180.4193.0

200.8223.1259.2299.2329.9

367.3427.1516.2617.3718.1

791.8857.7887.9965.8

869.2880.7876.9887.9

900.0916.9940.4965.8

988.31,018.1

1 Includes negligible amount of farm loans held by savings and loan associations.1 Includes FHA insured multifamily properties, not shown separately.3 Derived figures. Total includes multifamily and commercial properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.


TABLE B-70.—Mortgage debt outstanding by bolder, 1939-84


End of yearor quarter Total

Major financial institutions

TotalSavingsand loanassocia-

tions

Mutualsavingsbanks

Commer-cial

banks »

Lifeinsur-ancecom-

panies

Other holders

Federaland

relatedagen-cies3

1939.. .

1940 . . .194119421943 . .1944 ... .

1945 . .1946 ... .1947 .. .19481949

1950195119521953 .1954

1955.1956 . ..1957 . .19581959 . . ..

19601961196219631964

1965196619671968196919701971197219731974

1975..1976..1977..1978..1979..

1980..1981..1982..1983..

1982:1

n i lIV...

1983: IIIIII...IV...

1984: III...III..

35.5

36.537.636.735.334.7

35.541.848.956.262.7

72.882.391.4

101.3113.7

129.9144.5156.5171.8190.8

207.5228.0251.4278.5

. 305.9

333.3356.5381.2410.9441.4

474.2526.5603.4681.6744.3

806.1893.0

1,022.71,173.61,337.4

1,471.81,583.31,655.01,826.4

1,603.41,624.31,632.21,655.0

1,681.91,723.11,775.11,826.4

1,869.41,926.61,982.6

18.6

19.520.720.720.220.2

21.026.031.837.842.9

51.759.566.975.185.7

99.3111.2119.7131.5145.5

157.6172.6192.5217.1241.0

264.6280.8298.8319.9339.1

355.9394.2450,0505.4542.6

581.2647.5745.2848.2938.2

997.21,040.81,023.61,110.0

1,042.31,042.91,027.11,023.6

1,029.11,048.71,079.61,110.0

1,136.21,179.61,219.7

3.8

4.14.64.64.64.8

5.47.18.9

10.311.6

13.715.618.422.026.1

31.435.740.045.653.1

60.168.878.890.9

101.3

110.3114,4121.8130.8140.2

150.3174.3206.2231.7249.3

278.6323.0381.2432.8475.7

503.2518.5483.6493.4

516.5513.7494.9483.6

477.0474.5482.3493.4

502.1526.7544.3

4.8

4.94.84.64.44.3

4.24.44.95.86.7

8.39.9

11.412.915.0

17.519.721.223.325.0

26.929.132.336.240.6

44.647.350.553.556.1

57.962.067.673.274.9

77.281.688.295.298.9

99.9100.097.8

136.1

97.596.394.497.8

105.4119.2129.6136.1

143.2147.5155.1

4.3

4.64.94.74.54.4

4.87.29.4

10.911.6

13.714.715.916.918.6

21.022.723.325.528.1

28.830.434.539.444.0

49.754.459.065.770.7

73.382.599.3

119.1132.1

136.2151.3179.0214.0245.2

263.0284.5300.2328.9

289.5293.2297.3300.2

303.4310.2320.3328.9

338.9351.5364,5

5.7

6.06.46.76.76.7

6.67.28.7

10.812.9

16.119.321.323.326.0

29.433.035.237.139.2

41.844.246.950.555.2

60.064.667.570.072.0

74,475.576.981.486.2

89.291.696.8

106.2118.4

131.1137.7142.0151.6

138.8139.7140.5142.0

143.3144.7147.4151.6

152.0153.8155.8

5.0

4.94.74.33.63.0

2.42.01.81.82.3

2.83.54.14.64.8

5.36.27.78.0

10.2

11.512.212.611.812.2

13.517.520.925.131.1

38.346.454.664.882.1

101.0116.6140.3170.4215.8

256.5289.1354.8432.4

301.0315.1332.8354.8

374.6394.8414.8432.4

447.3457.7471.0

1 Includes loans held by nondeposit trust companies, but not by bank trust departments.2Includes former Federal National Mortgage Association (FNMA) and new Government National Mortgage Association (GNMA), as wellas Federal Housing Administration; Veterans Administration, Public Housing Administration, Farmers Home Administration, and in earlieryears Reconstruction Finance Corporation, Homeowners Loan Corporation, and Federal Farm Mortgage Corporation. Also Includes GNMAPools and U.S.-sponsored agencies such as new FNMA, Federal Land Banks, and Federal Home Loan Mortgage Corporation. Other U.S.agencies (amounts small or current separate data not readily available) included with "individuals and others.

Source: Board of Governors of tf\e Federal Reserve System, based on data from various Government and private organizations.

315


TABLE B-71.—Federal budget receipts, outlays, and debt, fiscal years 1976-86

[Including outlays off-budget under current taw '; millions of dollars; fiscal years]

DescriptionActual

1976 1977 1978 1979 1980

BUDGET RECEIPTS AND OUTLAYS:

Total receipts

Federal fundsTrust fundsInterfund transactions..

Total outlays

Federal fundsTrust fundsInterfund transactions

Total surplus or deficit ( - ) . . . ,

Federal fundsTrust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

eld by the public.

Federal Reserve System.,Other

298,060

201,099132,509-35,548

371,779

277,228130,099-35,548

-73,719

-76,1292,410

631,866

151,566480,300

94,714385,586

355,559

241,312151,503-37,256

409,203

304,459142,000

-37,256

-53,644

-63,1479,502

709,138

157,295551,843

105,004446,839

399,740

270,670166,467-37,397

458,729

342,355153,771-37,397

-58,989

-71,68512,696

780,425

169,477610,948

115,480495,468

463,302

316,366188,072-41,136

503,464

374,867169,733-41,136

-40,161

-58,50118,340

833,751

189,162644,589

115,594528,995

517,112

350,856212,106-45,850

590,920

433,468203,302-45,850

-73,808

-82,6128,804

914,317

199,212715,105

120,846594,259

BUDGET RECEIPTS...

Individual income taxesCorporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by Federal Reserve System..Another .! ..

BUDGET OUTLAYS

National defenseInternational affairs ,General science, space, and technologyEnergy ,Natural resources and environmentAgricultureCommerce and housing creditTransportationCommunity and regional developmentEducation, training, employment, and social services..HealthSocial security and medicare

Social securityMedicare

Income securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet InterestAllowancesUndistributed offsetting receipts

Employer share, employee retirement:Military retireo payOther

Rents and n ,_ . .Sale of Conrail...

298,060

131,60341,40990,76916,9635,2164,074

5,4512,576

371,779

89,6196,4334,3734,2048,1843,1707,619

13,7395,442

18,91015,73489,73673,90315,83460,78418,4333,3242,5197,232

26,711

355,559

157,62654,892

106,48517,5487,3275,150

5,908623

409,203

97,2416,3534,7365,770

10,0326,7873,093

14,8297,021

21,10417,302

104,41485,06819,34561,04418,0383,6023,2679,569

29,878

399,740

59,952120,96718,3765,2856,753

6,641778

458,729

104,4957,4824,9267,992

10,98311,3576,254

15,52111,84126,71018,524

116,62993,86122,76861,48818,9783,8103,5768,442

35,441

463,302

217,84165,677

138,93918,7455,4117,439

8,327925

503,464

116,3427,4595,2359,180

12,13511,2364,686

17,53210,48030,22320,494

130.567104,07326,49566,35919,9314,1693,9288,369

42,615

-14,386

-7,482-4,242-2,662

-14,879

-7,957-4,548-2,374

-15,720

-8,478-4,983-2,259

-17,476

=8,938-5,271=3,267

517,112

244,06964,600

157,80324,3296,3897,174

11,767981

590,920

133,99512,7145,832

10,15613,8588,8399,390

21,32911,25231,84323,169

150,638118,54832,09086,53921,1854,5824,4488,582

52,512

-19,942

-10,055-5,787-4,101

1 Outlays off-budget under current law are proposed to be on-budget.See next page for continuation of table.


TABLE B-71.—Federal budget receipts, outlays, and debt, fiscal years 1976-86—Continued

[Including outlays off-budget under current law »; millions of dollars; fiscal years]

DescriptionActual

1981 1982 1983 1984

Estimates

1985 1986

BUDGET RECEIPTS AND OUTLAYS:

Total receipts

Federal fundsTrust fundsInterfund transactions...

Total outlays..

Federal fundsTrust fundsInterfund transactions..

Total surplus or deficit ( - )

Federal fundsTrust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agencies...Held by the public

Federal Reserve System..Other

599,272

410,422240,601-51,751

678,209

496,182233,778

-51,751

-78,936

-85,7606,823

1,003,941

209,507794,434

124,466669,968

617,766

409,253270,138-61,625

745,706

543,437263,894-61,625

-127,940

-134,1846,244

1,146,987

217,560929,427

134,497794,930

600,562

382,432319,363

-101,233

808,327

613,277296,282

-101,233

-207,764

-230,84523,081

1,381,886

240,1161,141,770

155,527986,243

666,457

418,095338,103-89,740

851,781

636,324305,198

-89,740

-185,324

-218,22932,905

1,576,748

264,1591,312,589

155,1221,157,467

736,859

459,314396,495

-118,950

959,085

731,630346,405

-118,950

-222,226

-272,31650,090

1,841,077

327,1101,513,967

793,729

493,534421,302

-121,107

973,725

734,931359,901

-121,107

-179,996

-241,39761,401

2,074,231

387,6421,686,589

BUDGET RECEIPTS...

Individual income taxesCorporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by Federal ReserveSystem

All other

BUDGET OUTLAYS..

National defenseInternational affairsGeneral science, space, and technologyEnergyNaturai resources and environmentAgricultureCommerce and housing credit .TransportationCommunity and regional developmentEducation, training, employment, and social serv-

icesHealthSocial security and medicare

Social securityMedicare

Income securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interestAllowancesUndistributed offsetting receipts

Employer share, employee retirement:

OtherRents and royalties on the Outer Continental

ShelfSale of Conrail

599,272

285,91761,137182,72040,8396,7878,083

12,834956

678,209

157,51313,1046,46915,16613.56811,3238,206

23,37910,568

33,70926,866178,733139,58539,14999,72322,9914,7624,5826,854

68,734

617,766

297,74449,207

201,49836,3117,9918,854

15,186976

745,706

185,30912,3007,200

13,52712,99815,9446,256

20,6258,347

27,02927,445

202,532155,96446,567107,71723,9584,7034,5326,390

84,995

600,562

288,93837,022

208,99435,3006,0538,655

14,4921,109

808,327

209,90311,8487,9359,35312,67222,9016,681

21,3347,560

26,60628,641

223,311170,72452,588

122,59824,8465,0994,7896,452

89,774

666,457

296,20656,893

241,65137,3616,01011,370

15,6841,281

851,781

227,41315,8768,3177,08612.59113,6136,917

23,6697,673

27,57930,417

235,764178,22357,540112,66825,6145,6605,0536,770

111,058

-28,041

-11,532-6,371

-10,138

-26,099

-12,829-7,020

-6,250

-33,976

-15,362-8,122

-10,491

-31,957

-16,503-8,760

736,859

329,67766,403

268,36736,9955,60311,809

16,4191,585

959,085

253,83019,5838,7408,16413,02420,1655,987

26,9948,553

30,43433,879

257,363191,10766,256127,24026,8506,6865,7826,552

130,4261,131

-32,296

-17,017-9,977

-5,302

793,729

358,88974,088

289,43634,9985,34512,342

16,9321,698

973,725

285,66918,3499,2854,671

11.88412,6292,206

25,8607,323

29,28834,920

269,404202,24567,158

115,76926,769

6,5874,8452,797

142,550399

-37,478

-18,232-10,730

-7,317-1,200

Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis. Beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscalperiod known as the transition quarter, not shown here.

Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1986" for additional information.Sources: Department of the Treasury and Office of Management and Budget.

317


TABLE B-72.—Federal budget receipts, outlays, components, and debt, selected fiscal years 1929-86[Bil l ions of dol lars]

Fiscal year or period

Budget totals

(Including outlays off-budget undercurrent law, which are proposed to be

included on-tMJdget)

Receipts OutlaysSurplus or

deficit

Components of budget

Outlays

Off-budgetunder

currentlaw;

proposed tobe includedon-budget

On-budget under currentlaw

OutlaysSurplus or

deficit()

Gross Federal debt (endof period)

Total Hefd bythe public

Adden-dum:Gross

nationalproduct

192919331939 :...::;;::::.:19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959I960....1961196219631964

19651966196719681969

1970197119721973197419751976Transition quarter,..197719781979

19801981198219831984

1985 *1986 *

3.92.05.0

6.58.7

14.624.043.7

45.239.338.541.639.4

39.451.666.269.669.7

65.574.680.079.679.2

92.594.499.7106.6112.6

116.8130.8148.8153.0186.9

192.8187.1207.3230.8263.2

279.1298.181.2

355.6399.7463.3

517.1599.3617.8600.6666.5

736.9793J

3.14.68.8

9.513.735.178.691.3

92.755.234.529.838.8

42.645.567.776.170.9

68.470.676.682.492.1

92.297.7106.8111.3118.5

118.2134.5157.5178.1183.6

195.6210.2230.7245.7269.4

332.3371.896.0

409.2458.7503.5

590.9678.2745.7808.3851.8

959.1973.7

07- 2 . 6- 3 . 9

- 2 . 9- 4 . 9

-20 .5-54.6-47.6

-47.6-15.9

4.011.8

- 3 . 16.1

- 1 . 5- 6 . 5- 1 . 2

- 3 . 03.93.4

- 2 . 8-12.8

- X 3- 7 . 1- 4 . 8- 5 . 9

- 1 . 4- 3 . 7- 8 . 6

-25.23.2

- 2 . 8=23.0-23.4-14.9- 6 . 1

-=53.2-73.7-14.7-53.6-59.0-40.2

-73.8-78.9

-127.9-207.8-185.3

-222.2-180.0

0.11.48.17.31.88.7

10.412.5

14.221.017.312.410.0

12.51.5

9.513.735.178.691.3

92.755.234.529.838.8

42.645.567.776.170.9

68.470.676.682.492.1

92.297.7

106.8111.3118.5

118.2134.5157.5178.1183.6

195.6210.2230.7245.6267.9

324.2364.594.2

400.5448.4491.0

576.7657.2728.4796.0841.8

946.6972.2

- 2 . 9- 4 . 9

-20.5-54.6-47.6

-47.6-15.9

4.011.8

.6

- 3 . 16.1

- 1 . 5- 6 . 5- 1 . 2

- 3 . 03.93.4

- 2 . 8-12 .8

X3-7 .1- 4 . 8-5 .9

-1 .4- 3 . 7-8 .6

-25.23.2

- 2 . 8-23.0-23.4-14.8- 4 . 7

-45 .2-66.4-13,0-44.9-48.6-27.7

-59.6»57.9

-110.6-195.4-175.4

- 209.8-178.5

U6.91 22.5

48.2

50.757.579.2

142.6204.1

260.1271.0257.1252.0252.6

256.9255.3259.1266.0270.8

274.4272.8272.4279.7287.8

290.9292.9303.3310.8316.8

323.2329.5341.3369.8367.1

382.6409.5437.3468.4486.2

544.1631.9646.4709.1780.4833.8

914.31,003.91,147.01,381.91,576.7

1,841.12,074.2

41.4

42.848.267.8

127.8184.8

235.2241.9224.3216.3214.3

219.0214.3214.8218.4224.5

226.6222.2219.4226.4235.0

237.2238.6248.4254.5257,6

261.6264.7267.5290.6279.5

284.9304.3323.8343.0346.1

396.9480.3498.3551.8610.9644.6

715.1794.4929.4

1,141.81,312.6

1,514.01,686.6

95.0109.0139.0177.0202.0

217.0202.0221.3245.5261.8

265.1312.8339.3361.3364.2

380.6411.8433.9443.1474.4

497.9509.3548.2578.0618.2

659.5724.1777.3831.3910.6

968.81,031.51,128.81,252.01,379.4

1,479.91,640.1

432.21,862.82,091.32,357.7

2,575.82,885.93,046.03,221.43,581.1

3,868.54,198.5

1 Not strictly comparable with later data.* Estimates.Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal

year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscalperiod known as the transition quarter.

Data for 1929-39 are according to the administrative budget and those beginning 1940 according to the unified budget.Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1986" for additional information.Sources: Department of the Treasury, Office of Management and Budget, and Department of Commerce (Bureau of Economic

Analysis),

318


TABLE B-73.—Relation of Federal Government receipts and expenditures in the national income andproduct accounts to the unified budget, fiscal years 2984-86

[Billions of dollars; fiscal years]

Receipts and expenditures

RECEIPTS

Total budget receipts

Government contributions for employee retirement (grossing) .Other netting and grossingTiming adjustments...Geographic exclusions.Other . . . .

Federal sector, national income and product accounts, receipts

EXPENDITURES

Total budget outlays

Lending and financial transactions ,Government contributions for employee retirement (grossing)Other netting and grossingDefense timing adjustmentBonuses on Outer Continental Shelf land leasesGeographic exclusions

Federal sector national income and oroduct accounts exDenditures

1984

666.5

13.112.3

- 2 . 8- 1 . 8

687.6

851.8

18.213.112.32.23.55.0

— 1.8

857.9

1985

736.9

14.713.9

- 5 . 3- 1 . 9

.2

758.5

959.1

- 3 6 . 514.713.9

1.51.75.2

—.7948.5

Estimate

1986

793 7

15.116.13.4

- 2 . 1.4

826.6

973.7

- 1 3 . 015.116.1

.94.0

- 5 . 21.1

992.7

Note.-See Note, Table B-72.Data are revised to include the outlays of Federal entities that are off-budget under current law and proposed to be included on-

budBetSee Special Analysis B, "Special Analyses, Budget of the United States Government, Fiscal Year 1986" for description of these

categories.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and


TABLE B-74.—Federal and State and local government receipts and expenditures, national income andproduct accounts, 1929-84


Calendar year or quarter

Total government

Expendi-tures

Surplus ordeficit

nationalincome

andproduct

accounts

Federal Government

Receipts Expendi-tures

Surplus ordeficit

nationalincome

andproduct

accounts

State and localgovernment

Receipts Expendi-tures

Surplus ordeficit

nationalincome

andproduct

accounts

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984 "1982:IIIIllIV

1983:IIIHI....IV

1984:

IIIIIIV

11,39.315.4

17.725.032.649.251.253.251.056.958.955.9

69.085290.194.689.9101.1109.7116.2115.0129.4

1395144.8156.7168.5174.0188 3212.3228.2263.1296.7

302.8322.6368 3413.14552470,5538.4605.4681.9765.1

838.3956,9974.8

1,033.01,133.8

970.4980.8972 8975.3

992.61,036.51,039.61,063.4

1,105.41,131.61,138.7

10.310.717.6

18.428.864.093.3

103.092.745.642.550.559.3

61.079.293.9

101.697.098.0

104.5115.2127.6131.0

136.4149.1160.5167.8176.3187.8213.6242.4269.1286.8

313.4342.0371.6405.3460.0534.3574.9623.3681.1750.8

983.61,090.11,167.51,258.1

1,044.21,058.51,103.11,154.5

1,144.31,160.01,173.11,192.8

1,212.81,240.81,271.71,307.3

1.0- 1 . 4- 2 . 2

- . 7- 3 . 8

-31.4-44.1-51.8-39.5

5.414.48.4

- 3 . 4

8.06.1

- 3 . 8-6 .9- 7 . 1

3.15.2

.9-12.6- 1 . 6

3.1- 4 , 3^3.8

-iz- U

-14.2- 6 . 0

9.9

-10 .6-19.4- 3 . 3

7.8-4 .7

-63 .8-36 .5-17.8

.814.3

-30.7-26.7

-115.3-134.5-124.4

-73.8-77 .6

-130.4-179.2

-151.7-123.4-133.5-129.3

-107.4-109.2-133.0

3.82.76.7

8.615.422.939.341.042.539.143.243.238.7

50.064.367.370.063.772.678.081.978.7

96.198.1

106.2114.4114.9124.3141.8150.5174.4196.9

191.9198.6227.5258.6287.8287.3331.8375.2431.6493.6

540.9624.8616.7641.1703.5

622.9625.9609.9608.3

619.8649.3640.2655.0

686.4704.3706.2

2.64.08.9

10.020.556.185.895.584.635.629.834.941.3

40.857.871.177.169.868.171.979.688.991.0

93.1101.9110.4114.2118.2123.8143.6163.7180.5188.4

204.3220.6244.3264.2299.3356.6384.8421.1461.0509.7

602.1689.1764.9819.7879.9

729.3737.9773.6818.9

805.6816.7821.1835.5

847.6868.0886.8917.3

1.2- 1 . 3- 2 . 2

- 1 . 3- 5 . 1

-33.1-46.6-54.5-42.1

3.513.48.3

- 2 . 6

9.26.5

- 3 . 7- 7 . 1- 6 . 0

4.46.12.3

-10.3- 1 . 1

3.0- 3 . 9- 4 . 2

.3- 3 . 3

- L 8-13.2- 6 . 0

8.4

-12.4-22.0-16.8- 5 . 6

-11 .5-69.3=53.1-45.9-29.5-16 .1

-61 .2-64.3

-148.2-178.6-176.4

-106.3-112.0-163.7-210.6

-185.7-167.3-180.9-180.5

-161.3-163.7-180.6

7.67.29.6

10.010.410.610.911.111.613.015.417.719.5

21.323.425.427.429.031.735.038.542.046.4

49.954.058.563.269.575.184.893.6

107.3120.2

135.4153.0178.3195.0211,4237,7267.8297.7327.6352.0

386.1420.0441.9478.2523.2

430.1440.1445.9451.6

458.3473.5486.1495.0

509.6520.6524.6

7.87.29.6

9.39.18.88.48.59.0

11.114,417.620.2

22.523.925.527.330.232.935.939.844.346.9

49.854.458.062.868.575.184.394.7

107.2118.7

133.5150.4164.8181.6204.6232.2251.2269.7297.3321.5

355.5382.4409.0434.1471.1

397.6405.7412.6420.2

424.2429.6438.7443.8

455.7466.1477.0485.8

Note.—Federal erants-in-aid to State and local governments are reflected in Federal expenditures and State and local receipts. Totalgovernment receipts and expenditures have been adjusted to ©" - • - - * - " -= - JIjusted to eliminate this duplication.



TABLE B-75.—Federal and State and local government receipts and expenditures, national income andproduct accounts, by major type, 1929-84


Year or quarter

Receipts

Total

Per-sonaltaxand

nontaxre-

ceipts

Corpo-rate

profitstax ac-cruals

In-directbust-nesstaxandnon-taxac-

cruals

Contri-buttons

forsocial

Expenditures

Total *

Pur-chases

of Trans-fer

ments

Net interest paid

Total

Inter-est re-ceived

bygovern-

ment

Less:Divi-

dendsre-

ceivedby

govern-ment

Subsi-dieslesscur-rentsur-

plus ofgovern'meritenter-

Surplusor

deficit(-).

na-tional

incomeand

prod-uct ac-counts

192919331939

194019411942194319441945194619471948...1949

1950195119521953195419551956195719581959

19601961196219631964.....19651966.....196719681969

1970197119721973197419751976197719781979

19801981198219831984 *

1982:IIIHIIV

1983:

n'ZZZ!iniv

1984:

IIillIV "...

11.39.315.4

17.725.032.649.251.253.251.056.958.955.9

69.085.290.194.689.9101.1109.7116.2115.0129.4

139.5144.8156.7168.5174.0188.3212.3228.2263.1296.7

302.8322.6368.3413.1455.2470.5538.4605.4681.9765.1

838.3956.9974.8

1,033.01,133.8

970.4980.8972.8975.3

992.6,036.5

1,039.61,063.4

1,105.41,131.61,138.7.,159.4

2.61.42.4

2.6

5.117.818.920.818.721.421.018.5

20.628.934.035.532.535.439.742.442.146.0

50.452.156.860.358.664.974.582.197.2

115.7

115.8116.7141.0150.7170.2168.9196.8226.4258.7301.0

336.5387.7404.1404.2435.1

404.4411.4398.5402.0

401.4411.6395.8407.9

418.3430.3440.9451.0

1.4

L4

2.87.6

11.414.112.910.79.1

11.312.410.2

17.922.619.420.317.622.022.021.419.023.6

22.722.824.026.228.030.933.732.539.239.5

34.237.541.649.051.650.663.872.783.287.6

84.881.160.775.8

62.962.961.955.0

59.174.884.784.5

92.795.883.182.2

7.17.19.4

10.111.311.812.814.215.517.118.420.121.3

23.425.327.729.729.632.235.137.538.741.8

45.448.051.654,658.862.665.370.278.986.6

94.3103.7111.5120.9129.1140.1151.7165.7178.2189.6

213.4251.3258.8280.4304.3

254.7256.0260.1264.2

266.9279.9284.7290.1

295.5301.3306.6313.7

0.2

tl

2.32.83.54.55.26.16.15.85.45.9

7.18.59.09.1

10.111.512.914.915.218.0

21.121.924.327.328.730.038.843.447.955.0

58.664.674.292.4

104.3110.9126.0140.6161.8186.9

203.7236.8251.3272.7305.9

248.3250.4252.3254.1

265.3270.2274.3281.0

298.9304.2308.1312.6

10.310.717.6

18.428.864.093.3

103.092.745.642.550.559.3

61.079.293.9

101.697.098.0

104.5115.2127.6131.0

136.4149.1160.5167.8176.3187.8213.6242.4269.1286.8

313.4342.0371.6405.3460.0534.3574.9623.3681.1750.8

869.0983.6

1,090.11,167.51,258.1

1,044.2L.058.5L.103.11,154.5

L,144.31,160.0,173.1.,192.8

,212.8,240.8,271.7,307.3

8.88.2

13.5

14.24.959.888.997.082.827.525.5

•32.038.4

38.560.175.682.575.875.079.487.195.097.6

100.3108.2118.0123.7129.8138.4158.7180.2199.0208.8

220.1234.9253.1270.4304.1339.9362.1393.8431.9474.4

537.8596.5650.5685.5748.0

630.9633.7656.3681.0

678.8682.2689.8691.4

704.4743.7761.0782.7

1.01.52.6

2.72.62.2.43.06.0

13.113.114.516.8

18.014.814.214.916.918.319.221.926.127.1

28.932.933.835.636.939.843.951.758.664.8

78.392.6

102.6116.6138.6173.9189.6202.5218.4244.2

291.2330.0368.2396.3407.1

348.3357.8374.2392.7

390.1398.1394.5402.6

401.2404.4408.7414.1

0.71.01.1

1-2

1.41.92.43.24.14.24.24.3

4.44.54.54.64.74.75.25.65.36.3

6.96.46.97.47.98.18.58.9

10.311.5

12.312.412.915.216.418.923,125.129.030.6

36.353.265.372.391.5

60.964.168.567.7

67.368.474.878.7

83.685.996.1

100.2

10.19.9

10.811.612.513.214.515.718.119.8

22.323.124.829.633.638.144.749.158.470.9

86.6114.4135.3151.9181.9

128.3133.1139.2140.6

142.6146.9156.0162.0

169.5175.5188.0194.8

3.33.53.94.24.65.16.06.87.78.3

9.910.711.914.417.119.221.524.029.440.3

50.361.270.079.590.5

67.469.070.872.9

75.378.581.183.2

85.989.691.994.6

!8.8.8

1.31.71.9

1.82.12.82.62.8

-0 .2- . 0

.4

.4

.1

.1

.1

.6

.7

- .1

.1- . 1

- . 3- . 0

.7

.71.1

.41.71.81.11.71.62.51.61.41.9

2.92.63.83.41.12.41.03.13.73.4

5.56.18.8

15.614.4

1.0- 1 . 4-2 .2

-1 :8-31 .4-44 .1-51.8-39 .5

5.414.48.4

- 3 . 48.06.1

- 3 . 8- 6 . 9- 7 . 1

3.15.2.9

-12.6-1 .6

3.1- 4 . 3- 3 . 8

-M

-i.3-14.2

- 6 . 09.9

-10.6-19.4- 3 . 3

7.8- 4 . 7

-63 .8-36 .5-17.8

.814.3

-30 .7-26.7-115.3-134.5-124.4

6.65.77.1

15.9

10.812.716.222.6

26.49.68.4

13.3

-73 .8-77 .6-130.4-179.2

-151.7-123.4-133.5-129.3

-107.4-109.2-133.0-147.9

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-76.—Federal Government receipts and expenditures, national income and product accounts,

1960-86

[Billions of dollars; quarterly data at seasonally adjusted annual fates]

Year orquarter

Fiscal:2

19601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985 0....1986'....

lX'196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984 ^....

1983:

\\Z""..Z.tit ,IV

1984:

ItIllIV P

Receipts

Total

94.895.0

104.0110.0115.6120.0132.7146.0159.9189.8194.8192.4213.4240.7271.6283.4314.9365.9414.3480.8525.9609.2626.4627.1687.6758.5826.6

96.198.1

106.2114.4114.9124.3141.8150.5174.4196.9191.9198.6227.5258.6287.8287.3331.8375.2431.6493.6540.9624.8616.7641.1703.5

619.8649.3640.2655.0

686.4704.3706.2

'ersonaltax andnontax

receipts

42.543.647.349.650.751.457.564.471.490.294.087.9

100.5107.4122.7127.5137.2166.3186.5222.6250.4289.4311.4294.1303.2340.6368.8

43.644.748.651.548.653.961.767.579.795.192.690.3

108.2114.7131.3125.8147.3170.1194.9230.6257.7298.7306.2295.2314.8

298.2304.7284.6293.3

301.6310.7319 7327.3

Corpo-rate

profitstax

accruals

22.320.022.723.325.727.130.830.333.136.832.931.934.241.243.441.852.558.967.376.169.969.350.953.870.175.793.1

21.421.522.524.626.128.931.430.036.136.130.633.536.643.345.143.654.661.671.374.270.365.746.659.869.7

46.959.266.766.5

73 075 665*3

Indirectbusinesstax andnontax

accruals

13.213.314.215.015.616.915.515.817.118.619.220.019.920.721.422.224.324.527.229.135.553.550.351.055.256.157.1

13.413.614.615.316.216.515.616.318.019.019.320.420.021.221.723.923.425.028.129.439.056.448.452.455.7

47.153.854.054.5

541553561

Contri-butions

forsocialinsur-ance

16.718.119.922.123.624.528.935.538.344.248.852.658.971.584.291.9

101.0116.2133.3153.1170.0197.0213.9228.3259.1286.1307.6

17.618.320.523.124.025.033.136.740.746.749.354.462.779.589.894.1

106.5118.5137.2159.5173.9204.1215.5233.7263.4

227.6231.7234.9240.7

257 626202652

Expenditures

Total i

91.398.1

106.2111.7117.2118.51327154.9172.2184.6195.5212.9232.7255.7278.2328.8370.7411.2450.4495.6576.5668.2740.0816.4857.9948.5992.7

93.1101.9110.4114.2118.2123.8143.6163.7180.5188.4204.3220.6244.3264.2299.3356.6384.8421.1461.0509.7602.1689.1764.9819.7879.9

805.6816.7821.1835.5

847 6868C886$91713

Purchases ofgoods and

services

Total

52,955,861.063.765.964.672.486.095.098.097.194.9

100.6101.1104.5117.9125.1139.8150.4164.1189.3218.4250.6273.2285.2326.8354.9

53.757.463.764.665.267.378.890.998.097.695.796,2

101.7102.0111.0122.7129.2143.4153.6168.3197.0228.9258.9269.7295.5

273.0270.5269.2266.3

267 62964302 C316ll

Nationaldefense

44.546.249.750.050.247.954.167.074.976.175.372.272.272.873.680.284.491.497.8

108.2126.0147.0173.0196.7215.4241.5271.7

44.547.051.150.349.049.460.371.576.976.373.670.273.172.877.083.086.092.8

100.3111.8131.2153.7179.5200.5221.5

194.7199.3200.9207.2

213.4220 8220'23ll4

Transferpayments

Topersons

20.623.625.126,527.428.431.837.242.748,755.067.776.187,2

101.8131.4153.8166.6178.7197.8234.6273.7304.5338.3340.7361.0377.6

21.625.025.627.027.930.333.540.146.050.661.372.780.593.3

114.5146.3158.8169.6181.8205.0246.2281.2315.3338.7344.7

335.6341.9337.1340.0

34113437346234718

Toforeign-

ers

1.82.12.12.12.22.22.32.22.12.22.02.32.82.73.03.13.03.23.54.14.85.76.16.37.7

10.29.9

1.92,12.22.22.22.22.32.22.12.12.22.62.72.63.23.13.23.33.84.25.35.66.37.07.6

5.36.26.4

10.1

66

9lf

Grants-n-aid toStateandlocal

govern-ments

6.96.97.68.39.8

10.912.714.817.819.222.626.832.640.441.648.457.566.374.779.186.790.183.485.790.8

100.096.1

6.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787,983.986.392.9

85.586.386.786.5

90 693 292]

Netnter-estpaid

6.86.46.47.17.78.28.79.6

10.411.913.514.014.015.719.621.725,228.433.540.650.767.782.390.3

109.7129.6142.8

6.86.26.87.38.08.49.29.8

11.312.714.113.814.418.020.723.126.829.135.242.453.473.384.494.2

116.8

87.790.097.3

102.0

107 6110?122 C12616

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

2.43.34.14.04.14.34.85.24.14.75.57.06.59.27.66.06.26.99.79.9

10.412.513.022.223.920.811.4

2.64.04.23.94.54.65.54.74.55.26.56.37.97.85 56.95.88.29.59.2

11.512.316.123.422.5

18.520.524.130.6

34 41711652ll5

Surplus

deficit

nationalincome

andproduct

accounts

3.4-3 .1

2.2-1 .7-1 .5

1.4.0

-8 .9-12.3

5.2-.7

-20.5-19 .2= 14.9

-6 .6-45.4= 55.8-45.3=36.1-14.8-50.7=58.9

= 113.6~ 189,3-170.3-190.0-166.1

3.0- 3 . 9

4.2.3

=3.3.5

-1 .8-13.2

- 6 . 08.4

-12.4-22.0-16.8

-5 .6= 11.5=$9.3-53.1-45.9-29.5-16.1-61.2-64.3

-148.2-178.6-176.4

-185.7= 167.3-180.9= 180.5

—161.3—163.7—180.6

1 Includes an item for the difference between \ v r2 Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with fiscalyear 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separatefiscal period known as the transition quarter.

» Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.


TABLE B-77.—State and heal government receipts and expenditures, national income and product accounts,

1946-84


Calendar yearor quarter

Receipts

TotalPersonaltax andnontaxreceipts

Corpo-rate

profitstax

accruals

Indirect

tax andnontax

accruals

Contribu-tions for

socialinsurance

Federalgrants *

Expenditures

Total1

Pur-chases

ofgoodsand

services

Trans-ferpay-

mentsto

per-sons

Netinterest

paidlessdivi-

dendsreceived

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

Surplusor

deficit

nationalincome

andproduct

accounts

L946194719481949

1950.1951195219531954

1955195619571958

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 P.

1982:

||IllIV..

1983:IlitIV ..

1984:||jIIIIV *

13,015417.719.5

21323.425.427.429.0

31.735.038.542 046.4

49.954 058.563 269.5

75.184 893.6107 3120.2

135.4153.0178 3195.0211.4

237.7267 8297.7

352 0

3861420.0441.9478.2523.2

430.1440.1445.9451.6

458.3473.54861495.0

509.6520.6524.6

1.51.72.12.4

2.52.83.03.23.5

3.9.4.55.05.46.1

6.77.48.28.8

10.0

10.912.814.617.520.6

23.226.432.836.039.0

43.149.656.3

1178.889.097.8

109.0120.3

94.496.299.7

101.1

103.1106.9111.3114.6

116.7119.6121.2123.7

0.5.6

.6

.8

.9

.8

.8

.8

1.01.01.01.01.2

1.21.31.51.71.8

2.02.22.53.13.4

3.54,15.05.86.5

7.19.3

11.111.913.4

14.515.414.016.018.8

14.414.514.412.9

12.215.618.018.0

19.720.217.8

9.310.712.213.3

14.615.917.418.819.9

21.623.825.727.229.3

32.034.437.039.442.6

46.149.754.060.967.6

75.083.391.599.7

107.4

116.2128.3140.7150.0160.2

174.4194.9210.3228.0248.6

204.1208.7212.5216.0

219.7226.1230.7235.6

241.4245.4250.5257.2

0.6

'.B.9

1.11.41.61.72.0

2.12.32.62.83.1

3.43.73.94.24.7

5.05.76.77.28.3

9.210.211.513.014.6

16.819.522.124.727.4

29.732.735.839.042.6

34.635.536.337.0

37.738.539.440.3

41.342.143.043.8

1.11.72.02.2

2.32.52.62.82.9

3.13.34.25.66.8

6.57.28.09.1

10.4

11.114.415.918.620.3

24.429.037.540.643.9

54.661.167.577.380.5

88.787.983.986.392.9

82.785.183.084.6

85.586.386.786.5

90.693.292.195.8

11.114.417.620.2

22.523.925.527.330.2

32.935.939.844.346.9

49.854.458.062.868.5

75.184.394.7

107.2118.7

133.5150.4164.8181.6204.6

232.2251.2269.7297.3321.5

355.5382.4409.0434.1471.1

397.6405.7412.6420.2

424.2429.6438.7443.8

455.7466.1477.0485.8

9.912.815.318.0

19.821.823.225.027.8

30.633.537.141.143.7

46.550.854.359.064.6

71.179.889.3

101.0111.2

124.4138.7151.4168.5193.1

217.2232.9250.4278.3306.0

340.8367.6391.5415.8452.4

381.1388.7394.7401.6

405.8411.6420.6425.1

436.8447.4458.9466.6

1.72.33.03.0

3.63.13.33.53.6

3.83.94.34.85.1

5.45.86.06.46.9

7.38.19.4

10.512.2

14.717.319.320.720.9

24.627.629.732.835.0

39.743.246.750.754.8

45.246.047.148.3

49.250.051.052.5

53.654.454.856.5

0.2.1.1.1

!o.0.0.1

.1

A

'.I

.1

'.I

-.1

- . 3

- ! 9-1 .1- 1 . 4

- 2 . 0-1 .7-1 .9- 3 . 3- 5 . 0

- 5 . 1- 4 . 5- 5 . 3- 7 . 9

-13.8

-18.9-22.2-21.9-24.5-28.1

-21.9-21.7-21.8-22.1

-23.1-24.2-25.0-25.9

-26.7-27.7-28.7-29.2

-0 .7- . 8- . 8- . 9

- . 9- 1 . 0- 1 . 1- 1 . 2- 1 . 3

- 1 . 5- 1 . 6-1 .7- 1 . 7- 2 . 0

- 2 . 2- 2 . 3- 2 . 5- 2 . 8- 2 . 8

-3 .0- 3 . 0- 3 . 1- 3 . 2- 3 . 3

- 3 . 6- 3 . 7- 4 . 2- 4 . 3- 4 . 4

- 4 . 5-4 .8-5 .1

-7.7-7.8-7.9-7.9

-8.0-8.0-8.1-8.2

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-78,—State and local government revenues and expenditures, selected fiscal years, 1927-83[Millions of dollars]

Fiscal year»

1927

19321934 .19361938

19401942194419461948

1950195219531954

19551956195719581959

I960196119621963

1962-631963-641964-65

1965-661966-671967-681968-691969-70

1970-711971-721972-731973-741974-75

1975-761976-771977-781978-791979-801980-811981-821982-83

General revenues by source2

Total

7,271

7,2677,6788,3959,228

9,60910,41810,90812,35617,250

20,91125,18127,30729,012

31,07334,66738,16441,21945,306

50,50554,03758,25262,890

62,26968,44374,000

83,03691,197101,264114,550130,756

144,927167,541190,214207,670228,171

256,176285,157315,960343,278382,322423,404457,654486,878

Propertytaxes

4,730

4,4874,0764,0934,440

4,4304,5374,60449866,126

7,3498 6529,3759,967

10,73511,74912,86414,04714,983

16,40518,00219,05420,089

19,83321,24122,583

24,67026,04727,74730,67334,054

37,85242,87745,28347,70551,491

57,00162,52766,42264,94468,49974,96982,06789,253

Salesandgrossre-

ceiptstaxes

470

7521,0081,4841,794

1,9822,3512,28929864,442

5,1546,3576,9277,276

7,6438,6919,4679,82910,437

11,84912,46313,49414,456

14,44615,76217,118

19,08520,53022,91126,51930,322

33,23337,51842,04746,09849,815

54,54760,64167,59674,24779,92785,97193,613100,247

Individ-ual

incometaxes

70

7480153218224276342422543

788998

1,0651,127

1,2371,5381,7541,7591,994

2,4632,6133,0373,269

3,2673,7914,090

4,7605,8257,3088,90810,812

11,90015,22717,99419,49121,454

24,57529,24633,17636,93242,08046,42650,73855,129

Corpo-ri+innrationnet

incometaxes

92

7949113165156272451447592

593846817778744890984

1,0181,001

1,1801,2661,3081,505

1,5051,6951,929

2,0382,2272,5183,1803,738

3,4244,4165,4256,0156,642

7,2739,17410,73812,12813,32114,14315,02814,258

frnmTrOmFederalGovern-ment

116

2321,016948800945858954855

1,861

2,4862,5662,8702,966

3,1313,3353,8434,8656,377

6,9747,1317,8718,722

8,66310,00211,029

13,21415,37017,18119,15321,857

26,14631,34239,25641,82047,034

55,58962,44469,59275,16483,02990,29487,28289,983

Allother»

1,793

1,6431,4491,6041,811

1,8722,1232,2692,6613,685

4,5415,7636,2526,897

7,5848,4659,2529,69910,516

11,63412,56313,48914,850

14,55615,95117,250

19,26921,19723,59826,11829,971

32,37436,16240,21046,54151,735

57,19161,12468,43679,86495,466111,599128,926138,009

(

Total

7,210

7,7657,1817,6448,757

9,2299,1908,86311,02817,684

22,78726,09827,91030,701

33,72436,71140,37544,85148,887

51,87656,20160,20664,816

63,97769,30274,678

82,84393,350102,411116,728131,332

150,674168,550181,357198,959230,721

256,731274,215296,983327,517369,086407,449436,896466,421

leneral expenditures by function1

Education

2,235

2,3111,8312,1772,491

2,6382,5862,7933,3565,379

7,1778,3189,39010,557

11,90713,22014,13415,91917,283

18,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,23852,718

59,41365,81469,71475,83387,858

97,216102,780110,758119,448133,211145,784154,282163,876

High-ways

1,809

1,7411,5091,4251,650

1,5731,4901,2001,6723,036

3,8034,6504,9875,527

6,4526,9537,8168,5679,592

9,4289,84410,35711,136

11,15011,66412,221

12,77013,93214,48115,41716,427

18,09519,02118,61519,94622,528

23,90723,05824,60928,44033,31134,60334,52036,655

Publicwelfare

151

444889827

1,069

1,1561,2251,1331,4092,099

2,9402,7882,9143,060

3,1683,1393,4853,8184,136

4,4044,7205,0845,481

5,4205,7666,315

6,7578,2189,85712,11014,679

18,22621,11723,58225,08528,155

32,60435,90639,14041,89847,28854,12157,99660,484

t

Altother4

3,015

3,2692,9523,2153,547

3,8623,8893,7374,5917,170

8,86710,34210,61911,557

12,19713,39914,94016,54717,876

19,32521,06322,54924,423

23,67825,58627,579

30,02933,28136,91541,96347,508

54,94062,59769,44678,09692,180

103,004112,472122,476137,731155,277172,941190,098205,406

»Fiscal i8 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of Insurance-trust activities. Intergovernmentalreceipts and payments between State and focal governments are also excluded.3 Includes licenses and other taxes and charges and miscellaneous revenues.4 Includes expenditures for hospitals, health, social insurance administration, veterans' services, air transportation, water transportand terminals, parking facilities, police protection, fire protection, correction, protective inspection and regulation, sewerage, naturalresources, parks and recreation, community development, sanitation other than sewerage, general control, financial administration,general public buildings, interest on genera! debt and unallocable items.

Note.—Data for fiscal years listetffrom 1962-63 to 1982-83 are the aggregations of data for government fiscal years which endedIn the 12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal yearsending during that particular calendar year.

Data are not available for intervening years.Source: Department of Commerce, Bureau of the Census.

324


TABLE B-79.—Interest-bearing public debt securities by kind of obligation, 1967-84

[Millions of dollars]

End of yearor month

Totalinterest-bearingpublicdebt

securities

Marketable

Total Treasurybills

Treasurynotes

Treasurybondsl

Nonmarketable

TotalU.S.

savingsi K

Foreigngovern-

mentand

publicseries2

Govern-ment

accountseries

Other^

Fiscal year:196719681969

19701971....1972....1973....1974....

1975....1976....1977....1978....1979...

1980...,1981....1982...,1983....1984...,

1983:Jan...Feb...Mar..

May...June..

July...Aug...Sept..Oct...,Nov...Dec...

1984:JanFebMar....

May...June..


322,286344,401351,729

369,026396,289425,360456,353473,238

532,122619,254697,629766,971819,007

906,402996,495

1,140,8831,375,7511,559,570

1,199,5991,213,7421,242,9931,242,0671,289,8971,318,111

1,320,6711,346,9151,375,7511,383,2651,387,8601,400,906

1,435,6121,455,7611,452,0991,484,3921,495,3931,501,131

1,536,8941,558,9691,559,5701,609,8701,629,3841,660,633

* 210,672226,592226,107

232,599245,473257,202262,971266,575

315,606392,581443,508485,155506,693

594,506683,209824,422

1,024,0001,176,556

888,659907,652937,751935,478957,347978,929

985,7091,010,3711,024,0001,035,3301,044,3131,050,892

1,081,8801,100,0641,097,7321,123,3441,131,2521,126,634

1,159,8241,184,6981,176,5561,207,6391,225,0371,247,403

58,53564,44068,356

76,15486,67794,648100,061105,019

128,569161,198156,091160,936161,378

199,832223,388277,900340,733356,798

308,099314,882331,884325,939325,213334,299

337,581340,413340,733339,969335,310343,815

346,888349,461350,230347,259344,209343,282

347,431360,447356,798359,066365,208374,369

49,10871,07378,946

93,489104,807113,419117,840128,419

150,257191,758241,692267,865274,242

310,903363,643442,890557,525661,887

472,986481,300494,431494,904513,626527,142

527,183544,158557,525566,159575,252573,376

597,581607,975604,915629,787635,781632,120

657,216666,141661,887686,531691,858705,092

97,41891,07978,805

62,95653,98949,13545,07133,137

36,77939,62645,72456,35571,073

83,77296,178103,631125,742158,070

107,574111,471111,436114,635118,508117,488

120,946125,800125,742129,202133,751133,701

137,411142,628142,586146,299151,262151,233

155,177158,109158,070162,042167,971167,942

111,614117,808125,623

136,426150,816168,158193,382206,663

216,516226,673254,121281,816312,314

311,896313,286316,461351,751383,015

310,940306,090305,243306,589332,550339,182

334,961336,544351,751347,935343,547350,015

353,732355,697354,368361,047364,141374,496

377,070374,271383,015402,231404,347413,230

51,21351,71251,711

51,28153,00355,92159,41861,921

65,48269,73375,41179,79880,440

72,72768,01767,27470,02472,832

67,81468,04268,24168,53368,91969,140

69,46669,74770,02470,35170,61970,466

70,71570,98171,31871,53771,78072,042

72,25972,49472,83272,98073,33973,058

1,5143,7414,070

4,7559,270

18,98528,52425,011

23,21621,50021,79921,68028,115

25,15820,49914,64111,4508,806

14,01812,68512,39211,96311,14411,405

11,19311,05211,45011,50010,51210,448

10,8049,8029,9169,8619,0098,847

9,3638,5608,8068,4538,7109,114

56,15559,52666,790

76,32382,78489,598

101,738115,442

124,173130,557140,113153,271176,360

189,848201,052210,462234,684259,534

203,031199,125196,970197,593222,446225,041

220,607221,357234,684230,324226,214231,887

235,045236,988234,640240,864243,217253,182

254,915252,197259,534278,187278,407286,199

2,7312,8283,051

4,0685,7593,6543,7014,289

3,6444,883

16,79727,06727,400

24,16423,71824,08535,59341,843

26,07726,23927,64028,50030,04133,596

33,69634,38935,59335,76036,20237,214

37,16837,92638,49438,78540,13540,425

40,53341,02041,84342,61143,89144,859

1 Includes Treasury bonds and minor amounts of Panama Canal and postal savings bonds.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and specialissues held only by U.S. Government agencies and trust funds and the Federal home loan banks.

• Includes $5,610 million in certificates not shown separately.Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal

year is on an October 1-September 30 basis.Source: Department of the Treasury.


TABLE B-80.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-84

End of year or month

Amountout-

standing,privately

held

Maturity class

Within1 year

I to5years

5 to 10 10 to 20years

20 yearsand over

Average length

Millions of dollars YearsFiscal year:

196719681969

1970197119721973 . .1974

197519761977....19781979

19801981198219831984

1983:JanFebMar

June*::::::::::::::::::::::::::::;

JulyAUBsept.;...:;::::::::::::::::;::::::Oct

Dec,

1984:JanFebMar

June


150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782326,674356,501380,530

463,717549,863682,043862,631

1,017,488

750,274766,075795,087789,629810,150831,309

835,893857,935862,631883,287888,932893,991

925,683953,274942,372955,267970,488969,341

1,003,2601,026,4971,017,4881,054,4031,062,2511,081,548

56,56166,74669,311

76,44374,80379,50984,04187,150

115,677151,723161,329163,819181,883

220,084256,187314,436379,579437,941

348,444351,150367,383360,536363,465373,669

375,845380,424379,579384,406383,761394,088

399,857418,060413,070408,445413,316415,474

424,193444,361437,941447,809447,330455,801

53,58452,29550,182

57,03558,55757,15754,13950,103

65,85289,151113,319132,993127,574

156,244182,237221,783294,955332,808

245,990256,133262,985259,420276,825282,444

279.730294,000294,955303,810309,516298,262

317,869323,520311,574325,657332,509322,719

343,145342,249332,808354,372362,598365,794

21,05721,85018,078

8,28614,50316,03316,38514,197

15,38524,16933,06733,50032,279

38,80948,74375,74999,174130,417

79,75881,07787,01388,95885,31490,979

92,42093,97499,174101,94199,893106,043

108,471110,595116,643117,644115,773122,146

122,928123,641130,417131,895128,376136,121

6,1536,1106,097

7,8766,3576,3588,7419,930

8,8578,0878,42811,38318,489

25,90132,56933,01740,82649,664

35,70836,84636,83736,79739,97539,949

39,85041,08640,82641,07343,08243,058

43,86843,58847,10947,141

47,13349,66749,66449,65552,09052,068

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,65210,53114,80520,304

22,67930,12737,05848,09766,658

40,37440,869

43,91844,57144,268

48,04848,45148,09752,05752,68052,540

52,68057,21757,21759,93361,78161,861

65,86166,57966,65870,67271,85771,765

Months

63

11

87U37

901116

001011

0

0111

3

Note.—AU issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year

is on an October 1—September 30 basis.Source: Department of the Treasury.


TABUS B-81.—Estimated ownership of public debt securities, 1976-84

[Par values; > billions of dollars]

End of month

1976:JuneDec

1977:JuneDec

1978:JuneDec

1979:JuneDec

1980:JuneDec

1981:MarJuneSeptDec

1982:MarJuneSeptDec..:...::..::

1983:MarJuneSeptDeb

1984:MarJuneSept

Totalpublicdebt

securi-ties

620.4653.5

674.4718.9

749.0789.2

804.9845.1

877.6930.2

964.5971.2997.9

1,028.7

1,061.31,079.61,142.01,197.1

1,244.51,319.61,377.21,410.7

1,463.71,512.71,572.3

Held byGovern-

mentaccounts

149.6147.1

151.2154.8

161.1170.0

178.5187.1

194.9192.5

190.9199.9208.1203.3

202.5211.7216.4209.4

201.2229.3239.02363

239.8257.6263.1

Held

FederalReserveBanks

94.497.0

102.2102.8

110.1110.6

109.7117.5

124.5121.3

. 119.0120.0124.3131.0

125.6127.0134.4139.3

136.7141.7155.41519

150.8152.9155.0

Held by private investors

Total

376.4409.5

421.0461.3

477.8508.6

516.6540.5

558.2616.4

654.6651.2665.4694.5

733.3740.9791.2848.4

906.6948.6982.7

10226

1,073.01,102.21,154.1

Com-mercialbanks2

91.4103.5

102.798.9

97.895.0

86.188.1

97.4112.1

117.0119.7112.7111.4

116.1116.1117.8131.4

153.2171.6176.31888

189.8182.3183.0

Nonbank investors

Total

285.0306.0

318.3362.4

380.0413.6

430.5452.4

460.8504.3

537.6531.5552.7583.1

617.2624.8673.4717.0

753.4777.0806.48337

883.2919.9971.1

Individuals3

Total

96.1101.6

104.9107.8

109.0114.0

115.5118.0

116.5117.1

105.2107.4109.7110.8

112.5114.1115.6116.5

116.7121.3128.91334

136.2142.2147.5

Sav-ings

bonds*

69.672.0

74.476.7

79.180.7

80.679.9

73.472.5

70.469.268.368.1

67.567.467.668.3

68.869.770.6715

72.272.973.7

Othersecu-rities

26.529.6

30.531.1

29.933.3

34.938.1

43.144.6

34.838.241.442.7

45.046.748.048.2

47.951.658.4619

64.069.373.8

Insur-ancecom-

panies

14.416.2

18.119.9

19.720.0

20.921.4

22.324.0

25.626.427.629.0

32.132.534.839.1

43.747.451.2567

57.161.658.6

Moneymar-ket

funds

0.81.1

.8

.9

1.31.5

3.85.6

5.33.5

14.59.0

11.421.5

25.722.438.642.6

44.828.322.122.8

19.414.913.6

Corpora-tions6

23.323.5

22.118.2

17.317.3

18.617.0

14.019.3

17.019.918.017.9

16.917.621.624.5

27.232.835.939.7

42.645.347.7

Stateandlocal

govern-ments6

33.839.8

46.851.9

59.564.5

71.274.1

78.987.9

91.896.999.8

104.3

108.4113.6122.4127.8

137.1144.9149.9155.1

162.9165.0

Foreignand

interna-tional'

69.878.1

87.9109.6

119.5133.1

114.9119.0

118.2129.7

138.2136.6130.7136.6

136.1137.2140.6149.5

156.2160.1160.1166.3

166.3171.5175.5

Otherinves-tors8

46.845.7

37.754.1

53.763.2

85.697.3

105.6122.8

145.3135.3155.5163.0

185.5187.4199.8217.0

227.7242.2258.3259.8

298.7319.4

1 U.S. savings bands, series A-F and J, are included at current redemption value.2 Includes domestically chartered banks, U.S. branches and agencies of foreign banks, New York investment companies majority owned by foreign banks,

and Edge Act corporations owned by domestically chartered and foreign banks.3 Includes partnerships and personal trust accounts.• Includes U.S. savings notes. Sales began May 1 ,1967 , and were discontinued June 3 0 , 1 9 7 0 .5 Exclusive of banks and insurance companies.<• Includes State and local pension funds.7 Consists of the investment of foreign balances and international accounts in the United States.B Includes savings and loan associations, credit unions, nonprofit institutions, mutual savings banks, corporate pension trust funds, dealers and brokers,

certain Government deposit accounts, and Government-sponsored agencies,

Source: Department of the Treasury.

327


TABLE B-82.—Corporate profits with inventory valuation and capital consumption adjustments, 1929-84


Year or quarter

Corporateprofits with

inventory

and capitalconsumptionadjustments

Corporateprofits tax

liability

Corporate profits after tax with inventoryvaluation and capital consumption adjustments

Total ends

5.82.03.8

4.04.44.34.44.6

4.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.3

19.119.420.222.022.5

22.522.924.427.029.9

30.837.440.847.0527

58.666.569.272.980.5

69.268.669.070.2

71.171.773.375.4

77.779.981.3

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

1.9- 4 . 3

.1

1.82.13.65.06.1

3.81.947

10.09.7

7.27.68.27.28.4

13.110710.38.2

13.8

12.112.518.220.423.9

30.032.029727.923.1

14.822.830.532.313.4

29.136.953.762.254.5

32.142.329.276.5

115.6

27.930.132.426.4

48.870.286.9

100.0

107.0115.3118.4

1929...1933...1939...,

1940.1941..1942..1943..1944..

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983

1984 "...

1982:

III!!!

1983:

It IIIIII

1984:III

9.0- 1 7

5.3

8.614.119.323.523.6

19.016.622.329.427.1

33.938.736.136,335.2

45.543.743.338.549.6

47.648.656.662.169.2

80.085.182.489.185.1

71.483.296.6

108.394.9

110.5138.1167.3192.4194.8

175.4189.9159.1225.2284.5

159.91617163.3151.6

179.12167245.0260.0

277.4291.1282.8

1.4,5

1.4

2.87.6

11.414.112.9

1079,1

11.312.410.2

17.922.619.420.317.6

22.022.021.419.023.6

22.722.824.026.228.0

30.933732.539.239.5

34.237.541.649.051.6

50.663.872.783.287.6

84.881.160775.888.4

62.962.961.955.0

59.174.884784.5

92795.883.1

7.7- 2 . 3

3.9

5.86.57,99.5

10,7

8.47.5

11.017.016.9

16.016.116716.017.5

23.421.821.819.526.0

24.925.832.635.941.2

49.151.449.950.045.6

37.245.755.059.343.3

59.974.394.6

109.1107.2

90.6108.898.4

149.4196.1

97.098.8

101.496.6

120.0141.9160.2175.5

1847195.2199.8



TABLE B-83.—Corporate profits by industry, 1929-84


Year or

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Total

Domestic industries

Total

Financial *

TotalFederal

Re-servebanks

Other

Nonfinancial

Total Manufac-turing^

Trans-portation

andpublic

utilities

andretailtrade

Other

1929....193319391940....1941....1942....1943....1944....1945....1946....1947....1948....1949....1950....1951....1952....1953....1954....1955....1956....1957,...1958....1959....I960....1961....1962....1963....1964....1965....1966....1967....19681969....1970....1971....1972....1973....1974....1975....1976....1977....1978....1979...1980....1981....1982...1983...

1982:III....III...IV...

1983:

\\ZIII...IV...

1984:III...III..

10.5- 1 . 2

6.59.8

15.420.524.524.019.319.625.933.431.137.943.340.640.238.447.546.946.641.652.349.750.055.159.766.076.080.978.184.980.868.982.094.0

105.698.7

120.6151.6178.5205.1209.6191.7197.6156.0192.0228.6

161.3160.9158.8143.2

157.3186.1208.1216.3

229.8238.7224.5

10.2- 1 . 2

6.19.6

15.020.124.123.518.918.924.932.229.936.741.538.738.436.445.144.143.539.149.646.746.851.555.861.871.576.773.779.774.662.474.985.392.080.4

107.6137.4163.4185.4179.0161.9173.2133.6167.2204.4

139.8138.6136.5119.7

134.9162.4180.6190.8

204.1217.5200.2

1.3

'81.01.11.21.31.61.72.11.72.63.13.13.64.04.54.64.85.05.25.76.87.27.07.36.86.97.58.59.0

10.411.112.114.115.315.915.011.817.123.131.030.326.919.519.629.627.3

13.619.021.024.9

28.432.029.528.5

28.728.926.6

0.0.0.0.0.0.0.0

.1

\\

.2

2AA.3.3'.S.6

1.0.8.9

1.01.11.41.72.02.53.13.63.33.44.55.75.76.06.27.79.6

11.914.515.414.816.7

15.415.915.614.8

14.414.514.915.5

16.016.417.1

1.3.3

.91.01.21.31.61.62.01.62.32.93.03.33.74.14.34.54.54.65.16.06.26.36.45.85.86.26.87.07.98.08.6

10.711.911.49.36.2

11.116.923.320.715.04.94.2

14.810.6

- 1 . 83.25.4

10.1

14.017.514.613.1

12.712.59.5

8.9- 1 . 5

5.38.6

14.018.922.821.917.316.823.229.626.833.537.934.733.931.840.339.138.333.542.939.539.844.249.054.964.068.264.869.363.550.260.870.076.065.495.8

120.3140.3154.4148.6134.9153.7114.0137.6177.0

126.2119.6115.594.8

106.5130.4151.1162.3

175.4188.6173.6

5.2

~X35.59.5

11.813.813.29.79.0

13.617.616.220.924.621.722.019.926.024.724.019.426.423.623.326.029.332.339.341.938.541.236.626.634.140.745.539.052.669.278.386.985.672.984.954.565.284.3

58.057.460.442.4

44.959.373.882.9

89.892.378.3

1.8.0

1.01.32.03.44.43.92.71.82.23.03.04,04.64.95.04.75.65.95.85.97.07.47.88.49.3

10.011.011.810.710.810.38.28.59.08.76.1

10.014.517.820.615.917.118.817.622.527.6

20.220.616.513.3

18.922.725.023.5

27.328.327.1

1.0—.5

1.21.42.23.03.23.33.84.65.54.55.05.04.83.83.85.04.54.44.65.94.95.05.85.97.58.18.29.1

10.410.59.5

11.713.413.912.521.322.426.626.927.123.631.825.933.445.3

30.225.324.024.1

25.333.035.939.5

40.647.046.8

0.9

~'.3.6

1.11.51.61.61.52.12.93.63.13.63.73.33.13.43.64.14.03.63.63.63.73.94.45.15.66.36.56.96.15.96,56.98.07.9

11.914.217.620.020.121.318.215.916.419.9

17.716.314.615.1

17.415.316.516.4

17.921.021.5

1 Consists of the following industries: Banking; credit agencies other than banks; security and commodity brokers, dealers, andservices; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.

2 See Table B-84 for industry detail.Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning

1948, and on the 1942 SIC prior to 1948.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-84.—Corporate profits of manufacturing industries, 1929-84


Year or quarter

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Totalmanufac-

turing

Durable goods

Total

Pri-marymetalindus-tries

Fabri-catedmetalprod-ucts

Machin-ery,

exceptelectri-

cal

Electricand

elec-tronicequip-ment

Motorvehicles

andequip-ment

Other

Nondurable goods

Total

Foodand

kindredprod-ucts

Chemi-calsand

alliedprod-ucts

Petro-leumandcoal

prod-ucts

Other

5.2

l ! 32.6

~1

2.6

1.7

5.59,5

11.813.813.29.79.0

13.617.616.2

20.924.621.722.019.926.024.724.019.426.4

23.623.326.029.332.339.341.938.541.236.6

26.634.140.745.539.052.669.278.386.985.6

72.984.954.565.284.3

58.057.460.442.4

44.959.373.882.9

89.892.378.3

316472817.44.52.45.87.58.1

12.013.211.711.910.514.312.813.39.3

13.7

11.611.414.016.317.923.023.820.922.218.9

10.216.322.424.313.218.930.438.144.337.1

20.423.0

2,611.927.6

4.47.15.4

-6 .3

1.78.7

14.322.7

30.327.626.4

2.43.14.65.75.95.26.67.8

10.08.1

8.911.49.9

10.19.4

11.811.910.710.012.7

12.011.912.013.114.416.318.117.619.117.7

16.517.818.321.225.833.638.840.242.648.4

52.561.951.953,456.7

53.650.255.148.7

43.250.659.460.2

59.464.751.9

1.61.5

2.33.11.92.51.72.93.03.01.92,3

2.01.61.62.02,53.13.62.71.91.4

.8

.71.62.25.42.92.11.13.53.5

2.72.9

=5.0-2.3

.3

-3.3-6.2-5.1-5.3

-2.7^2.6-2.3-1.4

.8

1.11.31.01.0

.91.01.11.1.9

1.1

.81.01.11.31.42,02.42.42.32,0

1.11.52.12.51.63.03.84.44.95.2

4.24.42.63.55.6

3.73.02.61.4

1.83.23.75.3

5.26.05.7

1.21.3

1.62.32.31.91.71.72.12.01.42.1

1.81.92.32.53,33,94.54.14.13.7

2.92.94.34,62.94.76.38.89.48.9

7.48.23.52.05.0

7.33.52.4

.6

.42.62.02.9

.7

.8

1.21.31.51.41.21.11.21.51.31.7

1.31.31.51.61.72,73.02.92,82.3

1.21.92.83.0

.42.13.45.66.55.1

5.24.61.8.9

2.6

1.82.92.5

.1

2.81,93.1

1.42,1

3.12.42.42.62.14.12.22.6

.93.0

3.02.54.04.94,76.25.13.95.54.7

1.25.05.95.7

ii7.29.48.94.7

-3 .8

7,49.8

-3.23.93.6

-1 .0

2.75.0

10.111.7

14.67.97.6

1.81.7

2.62.82.62.62.93.53.23.12.93.5

2.73.13.54.04.45.15.24.95.74.9

2.94.35.76.22.94.37.68.8

11.09.8

4.72.6

-1 .1.4

4.4

-1.9.1

- . 7-2 .0

-1.3

72.3

3.65.24.9

1.91.6

1.61.41.71.81.62.21.81.82.12.4

2.22.32.32.72.72.83.23.23.23.0

3.23.52.92.42.88.66.96.86.05.7

7.16.67.1

6.67.27.6

6.56.66.17.1

1.71.8

2.32.82.32.22.23.02.82.82.53.5

3.13.23.23.64.04.64.94.35.24.5

3.94.45.26.05.66.58.37.98.37.1

6.96.85.23.1

5.26.07,88.1

9.09.57.8

281.9

2327232.82.7303.32.62,12.5

2.52.22.22.12.42.93.23.93.73.2

3.53.53.05.0

10.59.6

12.611.613.820.7

28.231.627.623.522.6

30.424.829.525.6

16.622.028.027.6

23.627.919.3

15.016.117.517.3

19.119.518.2

Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning1948, and on the 1942 SIC prior to 1948.



TABLE B-85.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1950-84


Year orquarter

All manufacturing corporations

Sales(net)

Profits

Beforeincometaxes1

Afterincometaxes

Stock-holders'equity2

Durable goods industries

Sales(net)

Profits

Before AfterStock-

holders'equity2

Nondurable goods industries

(net)

Profits

Beforeincometaxes1

Afterincome

Stock-holders'equity8

1950195119521953195419551956195719581959I9601961.,!1962196319641965196619671968196919701971197219731973: IVNew series:1973: IV

1974

19751976197719781979

1980198119821983

1981:

!L:EIV

1982:

\\ZZZZZIllIV

1983:

inIV

1984:

\iZZ.ZZin

181.9245.0250.2265.9248.5

278.4307.3320.0305.3338.0345.7356.4389.4412.7443.1

492.2554.2575.4631.9694.6

708.8751.1849.5

1,017.2

275.1

236.6

1,060.6

1,065.21,203.21,328.11,496.41,741.8

1,912.82,144.72,039.42,114.3

520.8549.6539.9534.4

502.9521.9508.0506.6

490.8527.1534.7561.6

565.9597.4576.4

23.227.422,924.420.9

28.629.828.222.729.727.527.531.934.939.6

46.551.847.855.458.148.152.963.281.4

21.4

20.6

92.1

79.9104.9115.1132.5154.2

145.8158.6108.2133.1

39.045.640.034.0

29.030.927.820.5

24.134.636.238.2

42.348.438.5

12.911.910.711.311.2

15.116.215.412.716.3

15.215.317.719.523.2

27,530.929.032.133.2

28.631.036.548.1

13.0

13.2

58.7

49.164.570.481.198.7

92.6101.370.985.8

24.428.925.222.9

19.020.017.814.1

15.522.123.225.0

26.531.025.7

83.398.3

103.7108.2113.1

120.1131.6141.1147.4157.1

165.4172.6181.4189.7199.8

211.7230.3247.6265.9289.9

306.8320.8343.4374.1

386.4

368.0

395.0

423.4462.7496.7540.5600.5

668.1743.4770.2812.8

718.4739.4753.5762.3

757.5765.0775.2783.0

787.7804.1821.9837.6

852.1858.2865.2

116.8122.0137.9122.8

142.1159.5166.0148.6169.4

173.9175.2195.3209.0226.3

257.0291.7300.6335.5366.5

363.1381.8435.8527.3

140.1

122.7

529.0

521.1589.6657.3760.7865.7

889.1979.5913.1973.5

234.1257.2245.1243.0

225.3239.4224.4224.0

220.6243.6243.9265.4

270.4290.9276.7

12.915.412.914.011.4

16.516.515.811.415.8

14.013.616.818.521.2

26.229.225.730.631.5

23.026.533.643.6

10.8

10.1

41.1

35.350.757.969.672.4

57.467.234.748.7

16.720.716.413.4

10.712.68.52.9

7.613.212.715.2

19.023.016.9

6.76.15.55.85.6

8.18.37.95.88.1

7.06.98.69.5

11.6

14.516.414.616.516.9

12.914.518.424.8

6.3

6.2

24.7

21,430.834.841.845.235.641.621.730.0

10.112.710.38.5

6.88.15.31.5

4.68.38.09.2

11.714.811.4

39,947.249.852.454.9

58.865.270.572.877.982.384.989.193.398.5

105.4115.2125.0135.6147.6

155.1160.4171.4188.7

194.7

185.8

196.0

208.1224.3239.9262.6292.5

317.7350.4355.5372.4

339.4349.7354.2358.3

351.2354.5358.3358.1

359.6368.1376.7385.1

392.4398.5404.9

95.1128.1128.0128.0125.7

136.3147.8154.1156.7168.5

171.8181.2194.1203.6216.8

235.2262.4274.8296.4328.1

345.7369.3413.7489.9

135.0

113.9

531.6

544.1613.7670.8735.7876.1

1,023.71,165.21,126.41,140.8

286.7292.4294.8291.3

277.6282.6283.6282.6

270.3283.5290.8296.2

295.5306.4299.7

10.312.110.010.49.6

12.113.212.411.313.9

13.513.915.116.418.3

20.322.622.024.826.6

25.226.529.637.810.6

10.5

51.0

44.654.357.262.981.8

88.491.373.684.4

22.324.923.520.6

18.318.319.417.6

16.521.323.523.0

23.325.421.7

6.15.75.25.55.6

7.07.87,56.98.3

8.28.59.2

10.011.6

13.014.614.415.516.4

15.716.518.023.3

6.7

7.0

34.1

27.733.735.539.353.556.959.649.355.8

14.216.214.914.3

12.311,912.512.6

11.013.815.215.8

14.716.214.3

43.551.153.955.758,2

61.366.470.674.679.2

83.187.792.396.3

101.3

106.3U5.1122.6130.3142.3

151.7160.5172.0185.4

191.7

182.1

199.0

215.3238.4256.8277.9308.0

350.4393.0414.7440.4

379.1389.7399.4404.0

406.3410.5416.8425.0

428.1436.0445.2452.5

459.7459.7460.3

1 tn the old series, "income taxes" refers to Federal income taxes only, as State and local income taxes had already been deducted.In the new series, no income taxes have been deducted.2 Annual data are average equity for the year (using four end-of-quarter figures).

Note.—Data are not necessarily comparable from one period to another due to changes in accounting procedures, industryclassifications, sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report forManufacturing, Mining, and Trade Corporations, Department of Commerce, Bureau of the Census.


331


TABLE B-$6.~-Relation of profits after taxes to stockholders' equity and to sales, all manufacturing

corporations, 1947-84

Year or quarter

Ratio of profits after income taxes (annualrate) to stockholders' equity—percentl

Allmanufacturingcorporations

Durablegoods

industries

Nondurablegoods

industries

16.616.211.2

14.111.29.79.99.6

11.411.810.69.2

10.4

9.89.69.9

10.411.5

12 212.711.811.911.5

10.310.310.512.6

Allmanufacturingcorporations

6.77.05.8

7.14.94.34.34.5

5.45.34.84.24.8

4.44.34.54.75.2

5.65.65.05.14.8

4.04.14.34.7

Profits after income taxes per dollar of

Durablegoods

industries

Nondurablegoods

industries

194719481949

1950

19511952195319541955195619571958. ..1959...

1960. . .19611962... .1963.. ..1964

19651966196719681969

197019711972.. .19731973: IV

New series:1973: IV

197419751976 ;:::197719781979

19801981198219831981:

I||MI""""!!"iv

1982:

n'!!!!!!!!Ziniv

1983:IIIIllIV

1984:

15.616.011.6

15.412.110.310.59.9

12.612.3.10.98.6

10.49.28.99.8

10.311.6

13.013.411.712.111.5

9.39.7

10.612.8

13.4

14.3

14.9

14.415,712.1

16.913.011.111.110.3

13.812.811.38.0

10.48.58.19.6

10.111.7

13.814.211.712.211.4

8.39.0

10.813.1

12.9

13.3

12.6

11.613.914.215.016.4

13.913.69.2

10.6

13.615.613.412.0

10.110.59.27,2

7.911.011.311.9

12.414.511.9

10,313.714.516.015.4

11.211.96.18.1

12.014.611.69.5

7.79.25.91.7

5.19.08.59.5

12.014.811.3

14.0

15.3

17.1

12.914.213.814.217.4

16.315.211.912.7

15.016.614.914.2

12.111.612.011.9

10.212.713.714.0

12.814.112.4

4.7

5.6

5.5

4.65.45.35.45.7

4.84.73.54.1

4.75.3

3.83.83.52.8

3.24.24.34.5

4.75.24.5

6.77.16.4

7.75.34.54.24.6

5.75.24.83.94.8

4.03.94.44.55.1

5.75.64.84.94.6

3.53.84.24.7

4.5

5.0

4.7

4.15.25.35.55.2

4.04.22.43.1

4.34.94.23.5

3.03.42.4

2.13.43.33.5

4.35.14.1

1 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end ofquarter only.

Note.—Based on data in millions of dollars.See Note, Table B-85.Source: Department of Commerce, Bureau of the Census.

332


TABLE B-87.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-84


Yearor

qterr"

1946...1947...1948...1949...

1950...1951..1952..1953..1954..

1955..1956..1957..1958..1959...

1960...1961...1962...1963...1964...

1965...1966...1967...1968...1969...

1970...1971...1972...1973...1974...

1975...1976...1977...1978...1979...

1980...1981...1982...1983...

1982:1IIIII....IV....

1983:

HI;III....IV....

1984:t

HI;;;;

Sources

Total

18727.028.919.9

42,136.429.927.829.6

52744.943.441.956.3

48.656.360.168.473.9

91.897.694.7

113.5115.5

102.3125.3151.6192.5190.3

157.0211.0254.1317.5345.2

335.2364.2309.4436.3

309.4324.4328.8274.8

333.9449.2443.3519.1

516,1500.6448.8

Internal

Total

8.112.919.119.5

18.020.221.921723.9

29.529.531.530.336.0

35.436.542.846.551.8

58.562.663.665.064.4

61.873.585.091785.6

1197134.2157.41757188.8

189.5230.4234.3280.5

229.9234.6238.8234.0

250.42697292.5309.3

319.63317337.5

Domes-tic

undis-tributedprofits

8.112.113.28.7

13.19.67.88.07.6

11.810.99.66.5

10.7

8.07.29.6

11,114.6

19.121.218.117.113.4

7.612718.128.132.4

34.043.954762.867.3

49.046.010.418.6

13.813.912.01.6

- 1 . 315.130.630.2

37.639.829.9

Inven-tory

valuationand

capitalcon-

sumptionadjust-ments

- 8 . 2- 9 . 4- 6 . 1- 2 . 0

- 8 . 9-5 .7-3 .5- 4 . 8- 3 . 5

-3 .7- 5 . 9- 4 . 9- 3 . 4- 3 . 0

- 2 . 3- 1 . 2

1.42.32.4

2.51.82.5

.4- 1 . 8

- 4 . 1- 3 . 2- 3 . 8

-17.3- 4 1 7

-21.1-27.5-26.8-36.1-56.8

-57.2-29.6

- 5 . 521.8

- 6 . 6- 7 . 0-4 .7- 3 . 4

17.918.417.233.9

33.444.1567

Capitalcon-

sumptionallow-ances

7.69.2

10.8117

12.614.615.716717.8

19.021723724.7257

26.627.428.229.230.6

32.535.438.642.346.7

51.856.862.067.278.7

93.8103.6114.3129.2147.7

167.8189.5207.1215.2

201.2205.4209.2212.4

211.4212.5217.32197

222.8226.5230.2

Foreignearn-ings1

0.71.01.31.1

1.31.71.91.82,0

2.42.83.12.52.7

3.03.23.63.94,2

4.54.24.45.26.1

6.57.18.6

13.716.3

13.014.315.119730.6

29.924.422.424,8

21,522.322.323.5

22.423.727.525.6

25.721.3207

External

Total

10.614.197

.4

24.016.28.06.15.7

23.215.411.911720.2

13.219.817.322.022.1

33.335.031.148.551.1

40.551.866.6

100.71047

37.376.896.7

141.8156.4

1457133.875.0

155.9

79.589.890.040.8

83.5179.51507209.8

196.6168.9111.3

Credit market funds

Total

6.98.46.53.1

8.110.595576.5

10.212.812.310.512.3

12.112.912.812.514.1

18.523.827.827732.3

35.337.243.456770.2

30.854.772.480.588.2

90.991.581.487.8

98.094.089.144.6

68.786.566.6

129.4

112.681.365.0

Securi-tiesand

mort-gages

3.65.46.74.9

4.26.48.06.067

6.47.5

10.410.58.1

7.51079.48.47.8

7.614.319.115.014.6

26.332.826.420726.3

38.738.235.832.820.9

52.421.843.956.4

24.438.038.674.6

67.085.937.035.7

- 2 3 7-76.9- 7 . 4

Loansand

short-termpaper

3.33.0

- .2- 1 . 8

3.94.11.4

- .4- .2

375.31.9

- .04.2

4.62.23.44.06.2

11.09.58.7

12.617.7

9.04.4

16.936.043.9

- 7 . 916.536.647.767.3

38.569737.531.4

73.756.050.5

-30.1

1.7.6

29.693.6

136.3158.272.4

Other2

3.75.83.3

-2 .7

15.957

- 1 . 5.5

- .8

13.12.5

- .41.27.9

1.26.94.69.58.0

14.811.23.3

20.918.8

5.314.623.244.034.5

6.522.124.361.368.2

54.842.3

- 6 . 468.1

-18.5- 4 . 1

.9- 3 . 8

14.893.184.180.4

83.987.646.3

Uses

Total

16.825.625.318.3

40.437.629.228.027.8

49.140.839.138.551.2

41.451.055.560.464.9

82791.388.5

106.0115.3

98.7122.7149.1191.9190.1

150.9201.8237.6293.63437

317.6334.2258.0384.3

249.9281.2274.3226.8

282.3390.5395.4468.8

483.5458.3443.0

Capital

Wt

18.117.320.314.8

24.030.224.625.722.9

32.636.834.S27737,0

37.536.743.244.750.1

61.074.772.275,4837

80.086.099.0

121.5137.9

109.7148.3175.1201.6219.4

221.2271.3229.6256.2

252.1238.0229.4199.1

206.9255.3270.6291.9

354.5364.3386.8

Increasein

financialassets

- 1 . 48.45.03.5

16.47.44.6

316.54.04.2

10.814.2

3.914.212.315714.8

21.816.616.330.631.6

18.736.750.170.552.2

41.253.562.5

96.562 928.4

128.1

- 2 . 243.244.9277

75.4135.1124.8177.0

129.094.056.2

Discrep-

(sourcesless uses)

1.91.43.61.6

17- 1 . 2

.6— 1U

3.54.14.33.45.0

7,25.34.68.09.0

9.16.46.27.5.2

3.62.62.4

.5

.2

6.09.2

16.523.8

1.5

17.630.051.352.1

59.643.354.548.0

51.558747.850.3

32742,2

5.8

1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.* Consists of tax liabilities, trade debt, and direct foreign investment in the United States.9 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.



TABLE B-88.—Current assets and liabilities of U.S. corporations, 1940-84

[Billions of dollars, except as noted]

End ofperiod

Current assets

Total Cash*U.S.

Govern-ment

securities2

Notesand

accountsreceiv-

able

Inven-tories

Othercurrentassets

Current liabilities

TotalNotesand

accountspayable

Othercurrentliabil-ities

Networkingcapital

Currentratio8

60.372.983.693.897.297.4

108.1123.6133.0133.1161.5179.1186.2190.6194.6224.0237.9244.7255.3277.3289.0306.8

13.113.917,621.621.621.722.825.025.326.528.130.030.831.133.434.634.834.937,436.337.241.1

2.04.0

10.116.420.921.115.314.114.816.819.720.719.921.519.223.519.118.618.822.820.120.0

24.028.027.326.926.525.930.738.342.443.056.861.567.468.573.688.997.7

102.2109.7120.6129.2139.2

All corporations

19.825.627.327.626.826.337.644.648.945.355.164.965.867.265.372.880.482.281.988.491.895.2

1.51.41.31.31.42.41.71.61.61.41.72.12,42.43.14.25.96.77.59.1

10.611.4

4

32.840.747.351.651.745.851.961.564.460.779.892.696.198.999.7

121.0130.5133.1136.6153.1160.4171.2

23.226.426.026.326.825.731.637.639.337.548.354.959.359.561.776.183.986.690.4

101.0106.8114.6

9.614.321.325.324.920.120.323.925.023.331.637.836.839.438.045.046.646.546.252,053.656.6

27.532.336.342.145.651.656.262.168.672,481.686.590.191.894.9

103.0107.4111.6118.7124.2128.6135.6

254.7269.7288.2305.6336.0364.0386.2426.5473.6492.3529.6599.3697.8790.7

735.4759.0827.4912.7

1,043.71,214.81,327.01,418.41,432,71,557.3

1,444,21,468.01,522.81,557.3

1,600.61,630.8

1.8381.7911.7671.8181.8802,1272.0832.0102.0652.1932.0241.9341.9381.9271.9521.8511.8231.8381.8691.8111.8021.792

Nonfinancial corporations8

34.837.139.840.542.841,945.548.247.950.253.359.066.371.1

73.282.188.297.2

105.5118.0126.9135.5147.0165.8

143.1147.9150.5165.8

159.3155.5

16.516.816.715.814.413.010.311.510.67,7

11.010.612.812.3

11.119.023.518.217.216.718.717,622.830.6

26.028.227.030.6

35.136.8

97.9103.2110.5119.9134.1146.6155.3173.9197.0206.1221.1248.2288.5322.1

265.8272.1292.9330.3388.0459.0506.8532.0519.2577.8

525.3539.3565.0577.8

596.9612.6

95.0100.5106.8113,1126.6142.8153.1166.0186.4193.3200.4225.7263.9313.6

319.5315.9342.5376.9431.8505.1542.8583,7578.6599.3

577.6576.2597.3599.3

623.1633.3

10.512.114.416.318.119.722.026.931.635.043.855.866.471.7

65.969.980.390.1

101.1116.0131.8149.5165.2183.7

172.1176,4183.0183.7

186.3192.5

123.7132.4145.5156.6178.8199.4211.3244.1287.8304.9326.0375.6450.9530.4

453.4451.6495.1557,1669.5807.3889.3970.0976.8

1,043.0

983.4990.2

1,026.61,043.0

1,079.01,111.5

84.488.797.0

104.9121.5137.5147.1168.8199.2211.3220.5282.9340.3402.3

269.8264.2282.1317.6383.0460.8513.6546.3543.0577.9

530.9536.6559.4577.9

584.1606.0

39.343.748.551.757.361.964.275.388.693.6

105.592.7

110.7128.1

183.6187.4213.0239.6286.5346.5375.7423.7433.8465.2

452.6453.6467.2465.2

495.0505.5

131.0137.3142.7149.0157.2164.6174.9182.4185.7187.4203.6223.7246.9260.3

282.0307.4332.4355.5374.3407,5437.8448.4455.9514,3

460.8477.8496.3514.3

521.6519.3

2.0592,0371.9811.9511.8791.8251.8281.7471.6461,6151.6251.5951.5481.491

1.6221.6811.6711.6381,5591.5051.4921.462L4671.493

1.4691.4831.4831.493

1.4831.467

1 Includes time certificates of deposit.* Includes Federal agency issues.9 Total current assets divided by total current liabilities.* Excludes banks, savings and loan associations, and insurance companies.s Based on data from ''Statistics of Income," Department of the Treasury.* Excludes banks, savings and loan associations, insurance companies, investment companies, finance companies (personal and

' Federal Trade Commission. See

Report was transferred to the Department of Commerce, Bureau of the Census.Note.-SEC series not available after 1974.Sources: Board of Governors of the Federal Reserve System, Federal Trade Commission, Department of Commerce (Bureau of the

Census), and Securities and Exchange Commission.


TABLE B-89.—State and municipal and business securities offered, 1934-84


Year or quarter

Stateand

municipalsecurities

offeredfor cash(princi-

palamounts)

Business securities offered for cash l

Totalofferings

Type of security

Commonstock 2

Preferredstock

Bondsand

notes

Industry of issuer

Manufac-turing3

Electric,gas, andwater*

Transpor-tation •

Communi-cation Other

19341939

1940194119421943194419451946194719481949

1950...1951 *19521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972197319741975197619771978 6....1979

1980..1981..1982..1983..

1984.- First threequarters

1983:

I

IV...

1984:

\\ZIII. . .

9391,128

1,238956524435661795

1,1572,3242,6902,907

3,5323,1894,4015,5586,9695,9775,4466,9587,4497,681

7,2308,3608,55810,10710,54411,14811,08914,28816,37411,460

17,76224,37022,94122,95322,82429,32633,84545,06046,21542,261

47,13346,13477,17983,348

57,689

17,32927,34216,97321,703

14,53218,61924,538

3972,164

2,6772,6671,0621,1703,2026,0116,9006,5777,0786,052

6,3627,7419,5348,8989,51610,24010,93912,88411,5589,748

10,15413,16510,70512,21113,95714,78217,38524,01421,26125,997

37,45143,22939,70531,68037,82053,63253,31454,22929,94937,248

67,12665,88872,152102,620

61,767

28,26633,21219,99621,146

24,38115,44921,937

1987

1081103456163397891779614736

8111,2121,3691,3261,2132,1852,3012,5161,3342,027

1,6643,2941,3141,0112,6791,4731,9011,9273,8857,640

7,0379,485

10,7077,6424,05074148,3058,0477J248,816

19,28225,22623,19745,153

16,237

11,75113,2749,924

10,204

6,2864,8235,128

698

183167112124369758

1,127762492425

631838564489816635636411571531

409450422343412724580881636691

1,3903,6833,3713,3412,2733,4592,8033,9161,7571,964

3,1941,6964,948?,615

2,916

3,4701,7171,4071,021

1,1221,117

677

3721,979

2,3862,389

917990

2,6704,8554,8825,0365,9734,890

4,9205,6917,6017,0837,4887,4208,0029,9579,6537,190

8,0819,4208,969

10,85610,86512,58514,90421,20616,74017,666

29,02330,06125,62820,70031,49742,75942,20642,26620,46826,468

44,65038,96644,00749,852

42,614

13,04518,2218,6659,921

16,9739,509

16,132

67604

992848539510

1,0612,0263,7012,7422,2261,414

1,2003,1224,0392,2542,2682,9943,6474,2343,5152,073

2,1524,0773,2493,5143,0465,4147,056

11,0696,9586,346

10,64711,6516,3984832

10,51118,65215,49613,7574,4836,643

20,85715,28713,23922,814

9,095

6,3218,8724,5833.038

1,7882,7854,522

1331,271

1,2031,357

472477

1,4222,3192,1583,2572,1872,320

2,6492,4552,6753,0293,7132,4642,5293,9383,8043,258

2,8513,0322,8252,6772,7602,9343,6664,9355,2936,715

11,00911,72111,31410,26912,83615,89314,41813,7049,1389,937

13,74613,24516,40812,594

4,982

3,6203,8332,1672,974

1,4911,3822,109

176186

32436648161609

1,454711286755800

813494992595778893724824824967

718694567957982702

1,4941,639l!5641,779

1,2531,148860811

1,0053,6374,6493,2181,2511,640

2,3061,8832,0934,161

1,350

1,286864895

1,116

432379539

902571

399612760882720

1,1321,4191,4621,424717

1,0501,8341,3031,1052,189945

2,0031,97517752,172

5,2915,8404,8364,8723,9324,4663,5624,4432,9594,482

6,8655,8673,8955,528

975

2,0881,8721,467101

476270229

21103

159964

21109211329293

1,008946

1,3001,0581,0682,1382,0372,7572,6192,4261,9912,733

3,3833,5272,7613,9574,9804,7873,1674,3965,6718,985

9,25212,86716,29810,8979,63210,98315,19419,11312,12014,547

23,35629,60836,52057,523

45,365

14,95117,77110,88413,917

20,19410,63314,538

1 Business securities offered include securities offered by corporate and non-corporate business enterprises such as limitedpartnerships. Beginning 1978 excludes private placements.

* Common stock combines the conventional ownership shares of corporate business and securities issued by non-corporate business,e.g., limited partnership interests, voting trust certificates and condominium securities.

3 Prior to 1948, also includes extractive, radio broadcasting, airline companies, commercial, and miscellaneous company issues.4 Prior to 1948, also includes telephone, street railway, and bus company issues.6 Prior to 1948, includes railroad issues only.8 Beginning 1978, business security offerings exclude private placements.Note.-Covers substantially all new issues of State, municipal, and business securities offered for cash sale in the United States in

amounts over $100,000 ana with terms to maturity of more than 1 year; excludes notes issued exclusively to commercial banks,intercorporate transactions, and issues to be sold over an extended period, such as employee-purchase plans. Closed-end investmentcompany issues are included beginning 1973.

Sources: Securities and Exchange Commission, "The Commercial and Financial Chronicle/' and "The Bond Buyer."


TABLE B-90.—Common stock prices and yields, 1949-84

Year or month

Common stock prices »

New York Stock Exchange indexes (Dec. 31,1965=50)a

Composite Industrial Transpor-tation Utility Finance

Dow

industrialaverage3

Standard& Poor's

compositeindex

(1941-43=10) *

Common stock yields(percent)*

Dividend-priceratio8

Earnings-price

ratio7

194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984

1983:Jan....FebMar

fc:JuneJulyAugSeptOctNovDec

1984:JanFebMar

JulyAug....Sept...OctNovDec

9.0210.8713.0813.8113.6716.1921.5424.4023.6724.5630.73

30.0135.3733.4937.5143.7647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.32

68.1074.0268.9392,6392.46

83.2584.7487.5090.6194.6196.4396.7493.9696.7096.7895.3694.92

96.1690.6090.6690.6790.0788.28

87.0894.4995.6895.0995.8594.85

46.1851.9758.0057.44

48.0357.9265.7363.0848.0850.5260.4457.8658.2364.76

78.7085.4478.18

107.45108.01

95.3797.26

100.61104.46109.43112.52

113.21109.50112.76112.87110,77110.65

112.16105.44105.92106.56105.94104.04

102.29111.20112.18110.44110.91109.05

50.2653.5150.5846.96

32.1444.3550.1737.7431.8931.1039.5741.0943.5047.34

60.6172.6160.4189.3685.63

75.6579.4483.2885.2689.0792.22

92.9188.0694.5695.4197.6898.79

97.9886.3386.1083.6181.6279.29

76.7286.8686.8886.8287.3788.00

45.4145.4344.1942.80

37,2439.5338.4837.6929.7931.5036.9740.9239.2238.20

37.3538.9139.7547.0046.44

45.5945.9245.8946.2247.6246.76

46.6146.9448.1648.7348.5047.00

47.4345.6744.8343.8644.2243.65

44.1746.4947.4749.0249.9350.58

44.4549.8265.8570.49

60.0070.3878.3570.1249.6747.1452.9455.2556.6561.42

64.2573.5271.9995.3489.28

85.6686.5793.2299.07

102.45101.22

99.6095.7697.0094.7994.4894.25

95.7989.9589.5088.2285.0680.75

79.0387.9291.5992.9495.2895.29

179.48216.31257.64270.76275.97333.94442.72493.01475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72

753.19884.76950.71923.88759,37802.49974.92894.63820.23844.40

891.41932.92884.36

1,190.341,178.48

1,064.291,087.431,129,581,168.431,212.861,221.47

1,213.931,189.211,237.04

1,257.64

1,258.891,164.461,161.971,152.711,143.421,121.14

1,113.271,212.821,213.511,199.301,211.301,188.96

15.23

18.4022.3424.5024.7329.69

44.3846.2457.38

55.8566.2762.3869.8781.3788.1785.2691.9398.7097,84

83.2298.29

109.20107.4382.8586.16

102.0198.2096.02

103.01

118.78128.05119.71160.41160.46

144.27146.80151.88157.71164.10166.39166.96162.42167.16167.65165.23164.36

166.39157.25157.44157.60156.55153.12151.08164.42166.11164.82166.27164.48

6.59

6.576.135.805.804.954.084.094.353.973.23

3.472.983.373.173.013.003.403.203.073.24

3.833.142.843.064.474.313.774.625.285.47

5.265.205.814.404.64

4.794.744.594.444.274.26

4.214,354.244.254.314.32

4.274.594.634.644.724.86

4544.624.61

15.48

13.9911.829.47

10.268.577.957.557.896.235.78

5.904.625.825.505.325.596.635.735.676.08

6.455.415.507,12

11,599.158.90

10.7912.0313.46

12.6611.9611.608.03

8.12

...„.„„

8.01

8*51

9.57

""io'M

9.96

•Averages of dally closing prices, except New York Stock Exchange data through May 1964 are averages of weekly closing prices.* Includes all the stocks (more than 1,500) listed on the New York Stock Exchange.3 Includes 30 stocks.4 Includes 500 stocks.8 Standard & Poor's series, based on 500 stocks in the composite index.•Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing

prices. Monthly data are averages of weekly figures; annual data are averages of monthly figures.7 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that

quarter. Annual ratios are averages of quarterly ratios.

Note.—All data relate to stocks listed on the New York Stock Exchange.

Sources: New York Stock Exchange, Dow Jones & Co., Inc., and Standard & Poor's Corporation.


TABLE B-91.—Business formation and business failures, 1940-84

Year or month

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969,..,

1970197119721973197419751976197719781979 . .

1980198119821983*.

1983: JanFebMarfc :::June:

SeptOctNovDec

1984: JanFebMar

% =JuneJulyAugSeptOctNov

Indexof net

businessformation(1967-

100)

io'i.986.4

90.689.593.391.791.098.496.692.492.298.7

95.592.193.795.298.6

100.299.4

100.0106.8112.9

106.4108.5115.9114.9109.2107.0115.6123.2128.2128.3

122.4118.6113.2114.8

Newbusinessincorpo-rations

(number)

132,916112,89796 34685,640

93,09283,77892,946

102,706117,411139,915141,163137,112150,781193,067

182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267

264,209287,577316,601329,358319.149326,345375,766436,170478,019524,565

533,520581,242566,942600,400

Business failures»

Businessfailurerate2

63.054.444.616.46.54.25.2

14.320.434.4

34.330.728.733.242.041.648.051.755.951.8

57.064.460.856.353.253.351.649.038.637.3

43.841.738.336.438.442.634.828.423.927.8

42.161.389.0

109.7

Seasonally adjusted

111.4113.3112.7112.0114.8116.4

115.2114.4115.8118.0117.8116.3

115.9119.1117.6118.5115.8116.6

115.5118.2119.6119.9120.6

49,99948,29648,03248,90350,21150,992

48.60152,82850,44550,44151,64251,557

53,04453,59153,42453,93351,16654,729

52,0925172351,892

103.196.9

105.594.893.7

110.2

106.5135.8111.8108.1144.0110.0

Number of failures

Total

13,61911,8489,4053,2211,222

8091,1293,4745,2509,246

9,1628,0587,6118,862

11,08610,96912,68613,73914,96414,053

15,44517,07515,78214,37413,50113,51413,06112,3649,6369,154

10,74810,3269,5669,3459,915

11,4329,6287,9196,6197,564

11.74216,79424,90831,334

2.4552,3972,8812,4712,2922,641

2,3133,2182,3842,5113,2872,484

Liability size class

Under$100,000

13,40011,6859,28231551,176

7591,0033,1034,8538,708

8,7467,6267,0818.075

10,22610,11311,61512,54713,49912,707

13,65015,00613,77212,19211,34611,34010,83310,1447,8297,192

8,0197,6117,0406,6276,7337,5046,1764,8613,7123,930

5,6828,233

11,509

$100,000and over

219163123664650

126371397538

416432530787860856

1,0711,1921,4651,346

1,7952,0692,0102,1822,1552,1742,2282,2201,8071,962

2,7292,7152,5262,7183.1823,9283,4523,0582,9073,634

6,0608,561

13,399

Amount of current liabilities(millions of dollars)

Total

166.7136.1100.845.331.730.267.3

204.6234.6308.1

248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8

938.61,090.11,213.61,352.61,329.21,321.71,385.71265.2

941.01,142.1

1,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.4

4,635.16,955.2

15,610.816,072.9

2,158.11,086.41154 7U25.6

920.02,188.6

829.21,353.1

947.21,816.81,624.5

868.5

Liability size class

Under$100,000

119.9100.780330.214.511.415.763.793.9

161.4

151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9

327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3

269.3271.3258.8

• 235 6256.9298.6257.8208.3164.7179.9

272.5405.8541.7

$100,000and over

46.835.420.515.117.118.851.6

140.9140.714S.7

97.1128.0151.4226.6251.2243,0322.9348.2430.7413.9

611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699.9910.8

1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.5

4,362.66,549.3

15,069.1

1 Commercial and industrial failures only. Excludes failures of banks and railroads and, beginning 1933, of real estate, insurance,holding, and financial companies, steamship lines, travel agencies, etc.2 Failure rate per 10,000 listed enterprises.

Sources: Department of Commerce (Bureau of Economic Analysis) and Dun & Bradstreet, Inc.


TABLE B-92.—Farm income, 1929-84


Year or quarter

Income of farm operators from farming

Gross farm income

Total1

13.86.9

10.7

11.314.319.923.324.025.429.632.436.530.8

33.138.337.834.434.233.534.034.839.037.9

38.940.542.343.442.346.550.550.551.856.4

58.862.171.299.098.3

100.6102.9108.7127.2150.4

150.2167,9161.8151,4

169.9160.9153.3163.2

153.3147.3148.5156.6

169.8165.8176.4

Cash marketing receipts

Total

11.35.37.98.4

11.115.619.620,521.724.829.630.227.8

28.532.932.531.029.829.530.429.733.533.6

34.235,236.537.537.339.443.442.844.248.2

50.552.761.186.992.488.995.496.2

112.9131.8

140.5142.6144.8138.7

146.7143.0141.2148.1

144.6138.3143.7128.3

134.2138.9147.5

Livestockand

products

6.22.84.54.96.59.0

11.511.412.013.816.517.115.4

16.119.618.216.916.316.016.417.419.218.9

19.019.520.220.019.921.925.024.425.528.6

29.530.535.645.841.343.146.347.659.268.6

67.869.270.169.2

69.870.870.769.2

70.468.767.670.1

73.070.469.1

Crops

5.12.53.33.54.66.58.19.29.7

11.013.113.112.4

12.413.214.314.113.613.514.012.314.214.7

15.315.716.317.417.417.518.418.418.719.6

21.022.325.541.151.145.849.048.653.763.2

72.773.374.669.5

76.972.270.578.9

74.269.676.158.2

61.268.578.4

value OTinventorychanges*

-0 .1- .2

.1

.3

.41.1

-.1- .4- .4

.0-U

1.7-.9

.81.2

.9-.6

.5

.2- .5

.6

.8

.0

.4

.3

.6

.6- .81.0

- .1.7.1.1.0

i.4.9

3.4- 1 . 6

3.4- 1 . 5

1.1.8

4.9- 5 . 5

7.9-2 .6

-11.7

4.0-.7

- 5 . 2- 8 . 3

-11.4-14 .4-16.8- 4 . 4

2.28.1

10.6

Produc-tion

expenses

7.74.46.36.97.8

10.011.612.313.114.517.018.818.0

19.522.322.821.521.822.222.723.725.827.2

27,428.630.331.631.833.736.538.239.542.1

44.547.151.764.671.075.082.788.999.5

118.1

128.9136.9x: i sU5.3

140.0141.4140.1136.4

135.6135.2134.7135.8

139.2141.5143.2

Net farm income

Currentdollars

6.22.64.44.56.59.9

11.711.712.315.115.417,712.8

13.615.915.013.012.411.311.311,113.210.7

11.512.012.111.810.512.914.012.312.314.3

14.415.019.534.427.325.620.119.827.732.3

21.231.022.316.1

29.919.513.226.8

17.712.113.820.8

30.624.333.2

1967dollars*

12.06.6

10.6

10.714.720.222.722.222.825.823.024.517.9

18.920.518.816.215.414.113.813.115.212.3

13.013,313.312.811.313.714.412.311.813.0

12.412.415.625.918.515.911.810.914.214.9

8.611.47.75.4

10.66.84.59.1

6.04.14.66.9

10.07.8

10.6

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831982:

IIIII....IV....

1983:

IL.'"III....

1984:

III..

'Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney incomefurnished by farms.

* Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.»Income in current dollars divided by the consumer price index (Department of Labor).Note.—Oata include net Commodity Credit Corporation loans and farm households.Source: Department of Agriculture, except as noted.


TABLE B-93.—Farm output and productivity indexes, 1929-84

[1977=100]

Year

192919331939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

1970 :1971197219731974

19751976197719781979

198019811982198319g4p

Farm output

Total1

444248

5052585759

5860586362

6163666666

6969677374

7676778079

8279838585

8492919388

9597100104111

10311811493109

Crops 2

Total3

484349

5152585558

5659566461

5960626261

6363626968

7270717472

7673777980

7786879284

9392100102113

10111611887110

Feedgrains

383540

4144514749

4751395750

5147504951

5454586466

6962626859

7070797578

7192889174

9196100108116

9712112467113

Foodgrains

392736

4045484151

5355646253

4949635751

4850476955

6660565965

6767768074

6981778691

10810710093108

121144140116128

Oilcrops

6514

1616232320

2019222726

2626262628

3034333936

3843444646

5355566465

6668748771

8674100105129

9911412491108

Live-stockandprod-ucts2

505456

5760677269

6866656467

7073747477

7979787983

8286868991

8991949495

9910010199100

9599100101104

108109107109108

Productivity indicators

Farmoutputper

unit oftotalinput

454651

5254585758

5860586361

6161636465

6768697474

7778798281

8683868788

8794949590

9998100102105

10011611498109

Cropproduc-tionper

acre4

484351

5354595558

5760576460

5959626261

6364657372

7778818381

8583868991

8896999988

9694100105113

9911311699112

Farm output perfarm work

Total

9911

1213141414

1516161819

1920222324

2628293335

3739414547

5253586263

6674788179

8994100108119

112131131118130

Crops

101012

1314151516

1618182020

2222242526

2830333837

4142454749

5659636668

7079848780

8991100105118

104120126105126

hour of

Live-stockandprod-ucts

141314

1415161616

1617171818

1920212223

2425262831

3235374043

4549535559

6468737682

8593100109117

129136143154150

1 Farm output measures the annual volume of net farm production available for eventual human use through sales from farms orconsumption in farm households.

2 Gross production.3 Includes items not included in groups shown.4 Computed from variable weights for individual crops produced each year.Source: Department of Agriculture.


TABLE B-94.—Farm input use, selected inputs, 1929-84

Year

Farm populationApril*

ber(thou-sands)

Asper-centof

totalpopu-

lation *

Farm employment(thousands)a

TotalFa mi-

w,Vers

Hiredwork-

ers

Cropshar-

vested(mil-

lions ofacres) •

Selected indexes of input use (1977 -100 )

Total Farmlabor

Farmreal

estate

Me-chanicalpower

andmachin-

ery

Turalchemi-cals8

Feed,seed,andlive-stockpur-

chases9

192919331939

1940....1941....1942.,..1943....1944....

1945....1946....1947....1948....1949...

1950....1951....1952....1953....1954,...

1955....1956..,.1957....1958....1959....

I960....1961.,..1962,...1963.,..1964....

1965....1966....1967....1968....1969....

1970....1971197219731974

19751976197719781979

19801981198219831984*....

30,58032,39330,840

30,54730,11828,91426,18624,815

24,42025,40325,82924,38324,194

23,04821,89021,74819,87419,019

19,07818,71217,65617,12816,592

15,63514,80314,31313,36712,954

12,36311,59510,87510,45410,307

9,7129,4259,6109,4729,264

8,8648,253

'6,194* 6,501'6,241

6,0515,7905,6205,787

25.125.823.5

23,122.621.419.217.9

17.518.017,916.616,2

15.214.213.912.511.7

11.511.110.39.89.3

8.78,17.77.16.7

6.45.95.55.25.1

4.74.54.6

4^3

4.13.8

'2.8'2.9'2,87 2.7'2.5'2.4'2.5

12,76312,73911,338

10,97910,66910,50410,44610,219

10,00010,29510,38210,3639,964

9,9269,5469,1498,8648,651

8,3817,8527,6007,5037,342

7,0576,9196,7006,5186,110

5,6105,2144,9034,7494,596

4,5234,4364,3734,337

4,3424,3744,1553,9573,774

3,70513,6413,5783,5183,461

9,3609,8748,611

8,3008,0177,9498,0107,988

7,8818,1068,1158,0267,712

7,5977,3107,0056,7756,570

6,3455,9005,6605,5215,390

5,1725,0294,8734,7384,506

4,1283,8543,65035353,419

3,3483,2753,2283,1693,075

2 8592,6892,501

2,4022,3242,2482,1742,103

3,4032,8652,727

2,6792,6522,55524362,231

2,1192,1892,2672,3372,252

2,3292,2362,1442,0892,081

2,0361,9521,9401,9821,952

1,8851,8901,8271,7801,604

1,4821,3601,2531,2131,176

1,1751,1611,1461,1681,314

1,3171,3771,2961,2681,273

1,30313171,3301,3441,358

365340331

341344348357362

354352355356360

345344349348346

340324324324324

324302295298298

298294306300290

293305294321328

336337345338349

352366363305347

999396

9797

100102103100

9999

100102

101104104103102

102101

989899

9897979797

9696989797

979897

9699

100102105

103102100

95100

468456418

416410420414411

385369350340328

309309295284273

263248231221215

206198189183173

156146142137132

126123116114111

107103100

9693

92908779

107100105

107105103102101

102106106107108

109109108108108

108106105104105

103103104104104

103102104102102

105103102100

99

9798

100100101

101101101100

8587869092

9698

100104107

104102

9993

647

99

101113

1314151618

1921232424

2627272832

3235384346

4956666973

7581869092

8396

100107118

120121110

282637

3942444848

5049515256

5862636365

6669687377

7781838385

89928993

9a102104107

99

93101100104111

109105104101

1 Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms inrural areas, regardless of occupation. See also footnote 7.JTotal population of United States including Armed Forces overseas, as of July 1.

5 Includes persons doing farmwork on all farms. These data, published by the Department of Agriculture, differ from those onagricultural employment by the Department of Labor (see Table B-29) because of differences in the method of approach, in concepts ofemployment, and in time of month for which the data are collected,

* Acreage harvested plus acreages in fruits, tree nuts, and farm g"Fertilizer, lime, and pesticides.

tree nuts, and farm gardens.

•Nonfarm'consTan'rdolTar'valueof feed, seed, and livestock purchases.'Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total

population) for 1977, 1978. 1979, 1980, 1981, 1982, and 1983 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 6,942and 3.0; 6,870 and 3.0: and 7,029 and 3.0, respectively.8 Previous basis for farm employment series nas been discontinued. Employment after 1980 is estimated.

Note.—Population includes Alaska and Hawaii beginning 1960.Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).

340


TABLE B-95.—Indexes of prices received and prices paid by farmers, 1946-84[1977=100]

Year or month

1946194719481949

19501951195219531954195519561957195819591960196119621963196419651966 . ..196719681969

197019711972197319741975197619771978 ....197919801981198219831984 P.1983:

JanFebMarApr ..Nfay"""JuneJulyAugSeptOctNovDec

1984:JanFebMarApr(I/fayJune "" ..JulyAugSeptOctNovDec p

Prices received by farmers

Allfarmprod-ucts

52* 60

6355566663565451505155535253535352545855565960626998105101102100115132134139133134142

128132133136136133131136136134136140

145144145146145144145143139138137135

Crops

53615952546162555653545252515152545555535552525052566091117105102100105116125134121127139

113117120

. 126127124123134135133136136

139137139140145145144144136138130125

Live-stockandprod-ucts

5060655658706456524947515753535253514954605760676767771049498101100124147144143145141146

142146146145144141138139137135136143

150151151151145143145143141139143145

Prices paid by farmers

Allcommod-ities,

services,interest,taxes,andwagerates1

30353836374142404040404243434444454545474949515355586271818995100108123138150157160164

158159159160160161160161161161162162

163164165165165165164164164164164164

Production items

Total2

33394341424747444443434446464646474747485050505254576173839197100108125138148150153155

150151152153153153152153154153154154

155156157158157157156155154153153153

Tractorsandself-pro-pelledmachin-

ery

394042444749515458688291100109122136152165174181

168168172172172176176176177177177177

177177180180180182182182182182182182

Fertil-izer

45505556545759595958575858ft

ftS

58575757565552484850525692120102100100108134144144137143

139139138138138138138138138134134136

136136146146147147147147147141141139

Fuelsand

energy

. . ..

494950505152535457798893100105137188213210202202

205199191198203204205206206206203201

202204203203204203201199200201200198

Wagerates

20222322222526272727282930323333343536384144485357596369798593100107117126137144148150

148148148148148148148148148148148148

150150150150150150150ggg

150150

Adden-dum:Aver-agefarmreal

estatevalueperacre3

11131414141618181819192122232425262729313335384042434753667586100109125145158157148146

148

146

1 Includes items used for family living, not shown separately.2 Includes other items not shown separately.3 Average for 48 States. Annual data are for March 1 of each year through 1975, for February 1 for 1976 through 1981, and forApril 1 for 1982 through 1984. Monthly data are for first of month.

Source: Department of Agriculture.

341


TABLE B-96.—U.S. exports and imports of agricultural commodities, 2940-84


Exports

Total1 Feedgrains

Foodgrains3

Oil-seedsand

prod-ucts

Cot-ton

To-bacco

Ani-malsand

prod-ucts

Imports

Total1fruits,and

Ani-malsand

aCof-fee

Cocoabeansand

prod-ucts

culturaltrade

balance

19401941194219431944

19451946194719481949

1950......1951195219531954

19551956195719581959

19601961196219631964

1965196619671968.;...,1969

1970......1971197219731974

19751976197719781979

1980198119821983

Jan-Nov:1983..1984,.

0.5

l'.22.12.1

2.33.14.03.53.6

2.94.03.42.83.1

3.24.24.53.94.0

4.85.05.05.66.3

6.26.96.46.36.0

7.3779.4

17.721.9

21.923.023.629.434.7

41.243.336.636.1

32.634.3

El.4

'.3

.2!3.3.2.3.4

.5

'.S.8.9

1.11.31.1.9.9

1.11.01.53.54.6

5.26.04.95.97.7

9.89.46.47.3

6.57.3

1.21.41.31.51.7

1.41.81.51.41.2

1.41.31.84.75,4

6.24.73.65.56.3

7.99.67.97.4

6.86.9

0.2.1.1

.1

.3

".4

.9

1.01.1.9.5

A.6

$1.3

1.01.01.51.72.2

2,92.32.01.8

,2.1

.2

.2

.32.3.3

.4

.3

.4

.4

.3

.4

.4

.4

.4

.4

.4

.5

.7

.7

.8

.9

.91.11.41.2

1.31.51.51.5

1.31.3

0.1

'.81.21.3

,9.9.7.5.4

.3

A.5

1.0LI1.61.8

1.72.42.73.03.8

3.84.23.93.8

3.53.9

1.31.71.31.51.8

1.72.32.83.12.9

4.05.24.54.24.0

4.04.04.03.94.1

3.83.73.94.04.1

4.14.54.55.05.0

5.85.86.58.4

10.2

9.311.013.414.816.7

17.416.815.416.6

15.217.9

.91.21.51.7

1.72.02.32.4

2.22.9

0.2.3

.4

.3

.4

.4

.4

.6

.4

.71.1

.6

.5

.5,4

.5

'.B

.6

.9

.9

.91.21.11.31.4

1.61.51.82.62.2

1.82.32.33.13.9

3.83.53.73.8

3.53.7

0.1

.3

,3

.6

'.H

1.11,41.41.51.5

1.41.41.41.21,1

1.01.01.01.01.2

1.11.11.01.2.9

1,21.21,31.71.6

1.72.94.24.04.2

4.22.92.92.8

2.63.1

Ej

.2

.2

.2

.2

.2

.2

.2

.2

.1

.1

\2

.3

.2

.3

.5

.61.01.41.2

.9

.9

.8

.81.0

- 0 . 8- 1 . 0

1.2

-1 .1-1 .1-n-1 .3

•=•> 9

.2

.6

i'l1.01.31.21.62.3

2.12.41.91.31.1

1.51.92.99.3

11.7

12.612.010.214.618.0

23.926.621.219.5

17.416.4

1 Total includes items not shown separately.3 Rice, wheat, and wheat flour.3 Includes nuts, fruits, and vegetable preparations.Hess than $56 million.Note-Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commodities

are defined as (1) nonmanne food products and (2) other products of agriculture which have not passed through complex processes ofmanufacture Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and othercharges to the port. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight,and marine insurance.

Source: Department of Agriculture.


TABLE B-97 .—Balance sheet of the farming sector, 1929-85


Beginning ofyear

192919331939

19401941194219431944

19451946194719481949

1950..1951 :.195219531954

19551956195719581959

I960196119621963..1964; :::

19651966...196719681969

19701971197219731974.....

1975 ait

1976197719781979

19801981198219831984

1985"

Assets

Total

53.054.862.973.684.0

93.8102.9115.9127.4134.6

134.5154.3170.1167.6164.5

168.9173.6182.8191.3207.6

210,2210.9219.3227.6235.8

243.8260.8274.3288.0302.8

314.9326 0351.8394.8478.5

502.6576.3664.2736.5873.4

1,005.51,089.81,083.51,045.21,031.1

1,022.4

Realestate

48.030.8341

33.634.437.541.648.2

53.961.068.573.776.6

77.689.598.5

100.198.7

102.2107.5115.7121.8131.1

137.2138.5144.5150.2158.6

167.5179.2189.1199.7209.2

215.8223.2239.6267.3327.7

359.7418.1496.4554.7655.0

755.9828.4818.9769.2764.5

749.2

Live-stock1

6.63.051

5.15.37.19.69.7

9.09.7

11.913.314.4

12.917.119.514.811.7

11.210.611.013.917.7

15.215.616.417.315.9

14.517.619.018.820.2

23.523 727.334.142.4

24.529.429.031.951.3

61.460.853.653.049.8

50.4

Other physical assets

Machin-ery andmotor

vehicles

3.22.532

3.13.34.04.95.4

6.55.45.37.4

10.1

12.214.116.717.418.4

18.719.320.220.121.8

22.722.222.523.523.9

24.826.027.429.831.3

32.334 436.639.344.2

54.764.071.077.085.1

96.8102.5108.8111.0108.2

106.5

Crops2

2.73.03.85.16.1

6.76.37.19.08.6

7.67.98.89.09.1

9.68.38.37.69.3

7.78.08.8

. 9.39.8

9.297

10.09.6

10.6

10.910 711.814.522.0

23.321.322.124.828.0

33.535.936.341.333.7

38.2

House-hold

eSand

furnish-ings

4.24.14.84.84.7

5.25.67.28.18.9

8.49.6

10.19.69.5

9.710.09.69.69.4

9.28.78.98.88.8

8.4848.38.89.4

9.610 010.811.912.3

11.211.712.113.816.0

17.219.420.823.024.8

26.0

Financial assets

Depos-its

andcur-

rency

3.23.54.25.46.6

7.99.4

10 29.99.6

9.19.19.49.49.4

9.49.59.49.5

10.0

9.28.78.89.29.2

9.610.010.310.911.5

11.912 413.214.014.9

14.014.514.815.215.5

15.916.216.717.418.2

18.7

U.S.

bonds

0.2.4fj

1.12.2

3.44.24.24.44.6

4.74.74.74.64.7

5.05.25.15.15.2

4.74.64.54.44.2

4.2413.93.83.8

3.7363.74.04.2

3.83.93.83.94.2

4.03.83.63.53.6

3.7

Invest-ments incooper-atives

0.8.9.9

1.01.1

1.21.41.51.71.9

2.12.32.52.72.9

3.03.23.53.73.9

4.24.54.85.05.4

5.6596.26.56.8

7.2808.89.8

10.9

11.413.414.915.418.3

20.822.824.826.928.3

29.7

Claims

Total

53.054 862.973.684.0

93.8102.91159127.4134.6

134.5154.31701167.6164.5

168.9173.6182.8191.3207.6

210.2210.9219.3227.6235.8

243.8260 8274.3288.0302.8

314.9326 0351.8394.8478.5

502.6576.3664.2736.5873.4

1,005.51,089.81,083.51,045.21,031.1

1,022.4

Realestatedebt

988568

6.6656.46.05.4

4.94.8495.15.3

5.66.1677.27.7

8.2909.8

10.411.1

12112.813.915.216.8

18.921223.125.127.4

29.230332.235.139.5

44.649.655.263371.4

85.495.5

105.5109.5111.6

110.9

Otherdebt

3.4404.13.93.5

3.43.1354.26.1

6.97.0808.99.2

9.49.89.5

10.012.6

12.713.414.616.217.6

17.919.520.922.323.1

23.824127.429.833.8

37.042.048.759.469.4

80.486.596.2

106.8103.1

101.3

Propri-etors'

equities

43.044352.563.875.1

85.495.0

107 5118.1123.3

122.1141.31555151.5147,6

151.2154 9163.4170.8183.9

185 4184.71909196.2201.4

207 02201230.2240.6252.3

261.92715292.2330 0405.2

421.0484.8560.4613 8732.6

839.7907.8881.8828.8816,4

810.2

1 Beginning with 1961, horses and mules are excluded.2 Includes all crops held on farms and crops held off farms by farmers as security for Commodity Credit Corporation loans.3 Beginning 1975, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.4 Forecast.Note—Data include farm households. Beginning 1960, data include Alaska and Hawaii.Source: Department of Agriculture.


INTERNATIONAL STATISTICSTABLE B-98.—£/.£ international transactions, 1946-84

[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits ( + ) . debits ( - ) ]

Year orquarter

Merchandise12

Exports Imports Net

Investment income3

Receipts Payments Net

Netmilitarytransac-

tions

Nettraveland

transpor-tation

receipts

Otherserv-

net*

Balance

andservices* *

Remit-tances,

pensions,and otherunilateral

transfers'

Balanceon

currentac-

count ' 4

1946..1947..1948..1949..

1950..1951..1952..1953..1954..

1955..1956..1957..1958..1959..

I960..1961..1962..1963..1964..

1965..1966..1967..1968..1969..

1970..1971..1972..1973..1974..

1975..1976..1977..1978...1979..

1980...1981...1982..,1983...

1982:

nzIN....IV....

1983:

IV

1984;

11,76416,09713,26512,213

10,20314,24313,44912,41212,929

14,42-17,55619,56216,41416,458

19,65020,10820,78122,27225,501

26,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107,088114,745120,816142,054184,473

224,269237,085211,198200,257

55,48255,11852,07948,519

49,24648,74550,43751,829

53,93554,56355,497

-5,067-5,973-=7,557-6,874

-9,081— 11,176-10,838-10,975-10,353

-11,527-12,803-13,291-12,952-15310

-14,758= 14,537-16,260-17,048-18,700

-21,510-25,493-26,866-32,991-35,807

-39,866-45,579-55,797-70,499

-103,811

—98,185= 124,228-151,907-176,020-212,028

-249,781=-265,086-247,667= 261,312

-62,546-60,921-64.442-59,758

-58,523-63,615-67,938-71,236

-79,790-80,408-88,631

6,69;10,1245,7085,339

1,1223,0672,6111,4372!576

2,8974,7536,2713,4621,148

4,8925,5714,5215,2246,801

4,9513,8173,800

635607

2,603-2,260=-6,416

911-5,505

8,903-9,483

-31,091-33,966-27,555

-25,512-28,001-36,469-61,055

- 7 , 0 6 4=5,803

if"-9,277

= 14,870-17,501-19,407

-25,855-25,845-33,134

7721,1021,9211,831

2,0682,6332 7512,7362 & 9

3,4063,8374,1803,7904,132

4,6164,9995,6186,1576,824

7,4377,5288,0209,368

10,912

11,74712,70714,76421,80827,587

25,35129,28632,17942,24564,132

72,50686,41183,86277,003

20,88922,30721,50519,162

17,61818,97320,80219,609

23,30020,82222,501

-212- 2 4 5- 4 3 7-476

-559-583- 5 5 5-624-582

- 6 7 6- 7 3 5- 7 9 6»825

-=1,061

-1,237-1,245-1,324-1,561-1,784

-2,088-2,481-2,747-3,378=4,869

-5,516- 5 436-6,572-9,655

-12,084

-12,564-13,311=-14,217-21,680-32,914

-42,063-52,359-56,059-53,495

-13,653= 14,772-14,390-13,243

-12,380-12,995-13,630-14,490

-15,552

560857

1,4841,355

1,50920502,1962,1122,347

2,7303,1023,3842,9653,071

3,3793,7544,2944,5965,040

5,3495,0475,2735,9906,043

6,2317,2718,192

12,15315,503

12,78715,97517,96220,56531,218

30,44334,05227,80323,508

7,2367,5357.1155919

5,2385,9787!l725,119

7,7483,4593,678;

-493-455-799-621

-576-1,270-2,054-2,423-2,460

-2,701-2,788-2,841-3,135-2,805

-2,752-2,596^2,449-2,304-2,133

-2,122-2,935-3,226-3,143-3,328

-3,354-2,893-3,420-2,070-1,653

= 746559

1,528621

-1,778

-2,237-1,115

195515

52239

-14

79053

-55-273

-370-404-241

733946374230

-12029883

-238-269

-297-361-189-633-821

-964-978

-U5J.-1,309-1,146

-1,280-1,331-1,750-1,548-1,763

-2,038-2,345-3,063-3,158-3,184

-2,812=2,558-3,565-3,573-2,935

-997144

-1,008-4,584

-114-247-99-548

-263-1,131-1,426-1,764

-1,400-2,112-2,590

310145175208

242254309307305

299447482486573

579594809960

1,041

1,3871,3651,6121,6301,833

2,1802,4952,7663,1843,986

4,5984,7115,2726,0135,735

7,2778,0488,3398,704

2,1602,0052,1182,054

2,1422,2582,1072,198

2,3512,3552,205

7,80711,6176,9426,511

2,1774,3993,1451,1952,499

2,9285,1537,1073,1451,166

5,1326,3466,0257,1679,604

8,2855,9635,7083,5633,393

5,6252,269

-1,94111,0219,147

22,7299,205

-9 ,894-10,340

4,686

8,97513,128

-1,141-32,912

2,2703,729

-3,231-3,908

-1,370-7,712-9,703

-14,127

= 17,526=-22,547-30,082

-2,922-2,625-4,525-5,638

-4,017-3,515-2,531-2,481-2,280

-2,498-2,423-2,345-2,361-2,448

-2,308-2,524-2,638=2,754~~2,781

-2,854-2,932-3,125=2,952=2,994

-3,294-3,701=-3,854-3,881-7,186

-4,613-4,998-4,617-5,106-5,649

-7,077-6,833-8,058-8,651

-2,105-1,802-1,745-2,406

= 1,573-1,848-2,143-3,086

-2,147-=2,157-2,818

4,8858,9922,417

873

-1,840884614

-1,286219

4302,7304,762

784-1,282

2,8243,8223,3874,4146,823

5,4323,0312,583

611399

2,331- 1 ,433-5,795

7,1401,962

18,1164,207

-14,511~ 15,446

-964

1,8986,294

-9,199-41,563

1651,927

-4,976-6 ,314

-2,943-9,560

-11,846= 17,213

-19,673-24,70432,900

1 Excludes military.2 Adjusted from Census data for differences in valuation, coverage, and timing.3 Fees and royalties from U.S. direct investments abroad or from foreign direct investments in the United States are excluded from

investment income and included in other services, net.* In concept, balance on goods and services is equal to net exports and imports in the national income and product accounts (and

the sum of balance on current account and allocations of special drawing rights is equal to net foreign investment in the accounts)although the series differ because of different handling of certain items (gold, extraordinary military shipments, etc.), revisions, etc.



TABLE B-98.—U.S. international transactions, 1946-84—Continued

[Millions of dollars; quarterly data seasonally adjusted, except as noted]

Year orquarter

1946194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

1965...1966196719681969

19701971197219731974

19751976197719781979

1980 , „298119821983

1982:

H"IllIV ,

1983:||j

IllIV

1984:

||III"

U.S. assets abroad, net[increase/capital outflow ( - ) ]

Total

-4.099-5.538-4.174-7.270-9,560

-5,7167.321

-9,757-10,977-11,585

-9,337-12,475

14,497-22,874-34,745

-39,703-51,269-34,785

61,130-64,331

-86,118-110,976

118,898-49,490

-31,96041,40926,216

-19,314

-24,364-1,060-9,223

-14,843

-1,98919,03716,024

US.officialreserveassets0

623-3,315

1,736- 2 6 6

1,758-33415

1,256480182

- 8 6 9-1,165

2,2921,0352,145

6071,535

378171

1,22557053

- 8 7 0-1,179

2,4812,349

158-1,467

- 8 4 9-2,558

- 3 7 5732

-1,133

-8,155-5,175- 4 9 6 5- U 9 6

-1,089- 1 1 3 2

-794-1,950

78716

529-953

657-566-799

OtherU.S.

Govern-ment

assets

-1,100- 9 1 0

-1.085-1,662-1,680

-1,6051,543

-2,423-2,274-2,200

-1,589-1,884-1,568-2,644

«366

-3,474-4,214-3,693-4,660-3,746

-5,162-5,107-6,143-5,013

- 8 0 3-1,700-2,555-1,086

-1,130-1,251-1,204-1,429

-2,037-1,235-1,474

U.S.privateassets

-5,144-5,235-4,623

5,986-8,050

-5,3366,347

-7,386-7,833-8,206

-10,229-12,940-12,925-20,388-33,643

-35,380-44,498-30,717-57,202-59,453

-72,802-100,694-107,790

-43,281

-30,068-38,577-22,867-16,279

-22,447175

-8,548-12,461

70517,23718,297

Foreign assets in the U.S., net[increase/capital inflow ( + ) ]

Total

2,2942,7051,9113,2173,643

7423,6617,3799,928

12,702

6,35922,97021,46118,38834,241

15,67036,51851,31964,03638,752

58,08681,31395,18181,722

28,34433,77218,38414,680

15,88812,45219,57833,804

15,66040,405

6,234

Foreignofficialassets

1,473765

1,2701,9861,660

134- 6 7 23,451- 7 7 4

-1,301

6,90826,87910,4756,026

10,546

7,02717,69336,81633,678

-13:665

15,4975,0033,3185,339

-3,22113992,4772,664

- 2 5 21,739

-2,7036,555

-2,784. - 3 4 5-1,022

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002

- 5 5 0-3,90910,98612,36223,696

8,64318,82614,50330,35852,416

42,58976,31091,86376,383

31,56532,37315,90712,017

16,13910,71422,28127,249

18,44440,750

7,256

Alloca-tions ofspecialdrawingrights(SBRs)

867717710

*1,139"

1,1521,093

Statisticaldiscrepancy

Total(sum of

the itemswith signreversed)

-1,019- 9 8 9

-1,124360907

458629

- 2 0 5438

-1,516- 2 1 9

-9,7791,879

-2,6541,458

5,91710,544

-2,02312,54025,404

24,98222,27532,9169,331

3,4505,710

12,80810,947

11,420-1,833

1,491-1,748

6,0023,336

10,642

Of which:Seasonaladjust-ment

discrep-ancy

- 9 6 4487

-2,2762,752

- 5 7 9439

-2,5182,657

154104

-2,386

8 Includes extraordinary U.S. Government transactions with India.6 Consists of gold, special drawing rights, convertible currencies, and the U.S. reserve position in the International Monetary Fund(IWIr).

Note.—Quarterly data for U.S. official reserve assets and foreign assets in the United States are not seasonally adjusted.Source: Department of Commerce, Bureau of Economic Analysis.

345


TABLE B-99.—U.S. merchandise exports and imports by principal end-use category, 1965-84

[Millions of dollars; quarterly data seasonally adjusted]

Year or quarter

19651966196719681969

1970 .1971197219731974 .

19751976197719781979

1980198119821983 ZL

1982:iII ..inIV

1983:

ItIllIV

1984:|It|||p

Exports

Total

26,46129,31030,66633,62636,414

42.46943,31949.38171,41098,306

107,088114,745120.816142,054184,473

224,269237,085211,198200.257

55,48255,11852.07948,519

49,24648,74550,43751,829

53,93554,56355,497

tst

6,3056,9496,4536,2976,098

7,3817,8369,51417.97722,410

22,24323,38024,33229,90235,595

42,15644,03537,23036,639

10,01710,4238,4088,382

8,8238,7069,3069,804

10,3049,2759,031

Nonagricultural

Total

20,15622,36124,21327,32930,316

35,08835,48239,86853,43375,896

84,84691,36596,484112,152148,879

182,113193,050173,968163,618

45,46544,69543,67140,137

40,42340,03941,13142,026

43,63145,28846,466

Capitalgoodsexceptauto-motive

8,0528,9079,93411,11112,422

14,65915,37216,91421,99930,878

36,63939,11339,76646,47158,843

74.21081,61473,67568,279

19,33619,15318,45916.727

17,32416,91616,85717,182

17,90018,16918,432

Othergoods

12,10413,45414,27916,21817,894

20,42920,11022,95431,43445,018

48,20752,25256,71865,68190,036

107,903111,436100,29395,339

26,12925,54225,21223,410

23,09923,12324,27424,844

25,73127,11928,034

Imports

Total

21,51025,49326.86632.99135,807

39,86645,57955,79770,499

103.811

98,185124,228151,907176,020212,028

249,781265,086247,667261,312

62,54660,92164,44259,758

58,52363,61567,93871,236

79,79080,40888,631

Petro-leumand

products

2,0342,0782,09123842,649

2,9293,6414,6508,415

26,608

27,01834,57244,98242,31260,482

79,26377,79461,27053,804

15,82813,33416,79815,310

10,77012,82715,92214,284

13,85214,90314,463

Nonpetroleum

Total

19,47623,41524,77530,60733,158

36,93941,93751,14762,08577,204

71,16789,656

106,925133,708151,546

170,518187,292186,397207,508

46,71847,58747,64444,448

47,75350,78952,01656,951

65,93865,50574,168

Indus-trial

suppliesand

materi-als

9,12310,2359,95612,02711,662

12,25013,59516,00219,18827,421

23,61929,14534,95141,30148,494

54,02757,42850,04153,588

13,04912,37412,43312,186

12,43013,49313,64314,023

16,40416,35217,699

Othergoods

10,35313,18014,81918.58021,496

24,68928,34235,14542,89749,783

47,54860,51171,97492,407103,052

116,491129,864136,356153,920

33,66935,21335,21132,262

35,32337,29638,37342,928

49,53449,15356,469

Note.—Data are on an international transactions basis and exclude military shipments.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-100.—U.S. merchandise exports and imports by area, 1975-84


Item 1975 1976 1977 1978 1979 1980 1981 1982 1983

1984 first3 quartersat annual

rate1

Exports ,

Industrial countries....

CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Other countries, exceptEastern Europe

OPEC2..Others.

Eastern Europe

International organizationsand unallocated

107,088

66,496

23,5379,567

29,884

3,508

37,343

9,95727,386

3,249

114,745

72,335

26,33610,19631,883

3,920

38,287

11,56126,726

4,123

120,816

76,970

28,53310,56634,094

3,777

40,951

12,87728,074

2,895

142,054

87,948

31,22912,96039,546

4,213

50,213

14,84635,367

3,893

Imports

Industrial countries...

Canadaj a p a n

Western EuropeAustralia, New Zealand,

and South Africa

Other countries, exceptEastern Europe

OPEC2...Other"..

Eastern Europe

International organizationsand unallocated

98,185

56,117

21,85411,25720,764

2,242

41,334

18,89722,437

734

124,228

67,665

26,65215,53123,003

2,479

55,379

27,40927,970

875

309

151,907

79,447

29,86418,56528,226

2,792

70,679

35,77834,901

1,127

654

176,020

99,357

33,75824,54136,618

4,440

74,403

33,28641,117

1,508

752

184,473

115,930

38,69017,62954,177

5,434

62,630

14,55648,074

5,913

212,028

112,809

39,22926,26141,826

5,493

96,137

45,03951,098

1,896

1,186

224,269

137,152

41,62620,80667,603

7,117

82,941

17,36865,573

4,143

33

249,781

127,908

42,90331,21747,255

6,533

119,142

55,60263,540

1,444

1,287

237,085

141,918

46,01621,79665,108

8,998

90,639

21,09769,542

4,440

265,086

144,339

48,25837,59852,873

5,610

119,194

49,93469,260

1,553

211,198

127,254

39,20320,69459,701

7,656

80,130

20,65159,479

3,749

65

247,667

144,152

48,52637,68552,908

5,033

102,425

31,51770,908

1,067

23

200,257

126,951

43,81221,67754,878

6,584

70,323

15,14955,174

2,918

66

261,312

154,880

54,36041,30753,896

5,317

105,061

25,18579,876

1,371

218,660

141,129

53,76123,15156,291

7,927

73,667

13,78859,879

3,820

44

331,772

204,013

68,16558,15672,096

5,596

125,682

27,40398,279

2,077

1 Preliminary; seasonally adjusted.2 Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.3Latin American Republics, other Western Hemisphere/and other countries in Asia and Africa, less members of OPEC.

Note.—Data are on an international transactions basis and exclude military.



TABLE B-101.—U.S. merchandise exports and imports by commodity groups, 1965-84

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

Totaldomes-tic andforeign

exports*

Merchandise exports

Domestic exports

Total1 2

Food,bever-ages,and

tobacco

Crudemateri-als andfuels8

Manu-facturedgoods4

Merchandise imports

General imports5

Total2

Food,bever-ages,and

tobacco

Crudemateri-als andfuels3

facturedgoods4

Total,c.i.f.

value8

Merchandise trade balance

Exportsless

imports,customs

value

Exportsless

imports,f.a.s.

Exportsless

imports,cl.f.

F.a.s, value7 Customs value

1965196619671968196919701971197219731974

1974*1975*1976*1977*1978*1979*1980

19811982198319841983:JanFebMar...

fcJune..July...Aug...Sept..OctNov...Dec...

1984:JanFebMar...AprMay,..June..July....Aug...,Sept..,OctNov...,Oec...

26,74229,49031,03034,06337,33242,65943,54949,19970,82397,998

98,092J 07,652115,223121,232143,681181,860220,630

233,677212,193200,486217,865

17,23216,31216,69016,09515,65516,95916,48616,58217,25717,03317,06317,298

18,32717,21217,72717,52217,95017,63319,44218,03618,17718,38718,37319,230

26,39929,05430,64633,62636,78842,02542,91148,39969,73096,634

96,679106,161113,549119,024141,142178,633216,515

228,899207,076195,917212,034

16,84615,97016,27315.74315,27516,60216,15816,19516,89216,58016,66416,895

17,84816,78617,21217,07217,46417,17818,96317,57817,67617,86217,83518,710

4,5195,1864,7104,5924,4465,0585,0766,56912,93815,233

15,23316,79317,23415,96320,60424,58730,407

33,20626,977!26,979j27,312

2,29112,2032,3362,0792,0032,142

2,0632,0462,3142,4522,6052,449

2,4022,1032,4572,1842,1621,847

2,1952,1002,6372,3152,4932,440

4,2734,4044,7264,8655,006

6,6926,4417,091

10,73515,802

15,80215,19716,09518,57920,95728,22233,719

33,02233,51829,55531,482

2,7442,4062,3732,4832,3322,425

2,3882,7452,6912,3452,2702,532

2,6642,5322,7912,5232,8332,6032,7402,6422,3782,2432^852,966

17,43319,21820,84423,81826,785

29,34430,44333,74044,73163,523

21,42725,61826,88933,22636,043

39,95145,56355,58369,476

101,394

4,0134,5904,7015,3655,308

6,2306,4047,3799,235

10,701

5,4405,7185,3676,0316,391

6,5427,2688,838

13,44631,842

11,24414,44615,75620,62423,011

25,90730,41437,76745,00156,202

F.a.s. value7

63,52370,95177,24180,15194,473116,587143,891

102,55998,503123,477150,390174,757209,458244,871

10,7099,92311,89114,22715,74317,73518,551

32,06432,59641,47453,55451,90171,39093,973

55,22351,08064,77576,554100,317112,226125,122

Customs value

154,283139,716132,409143,142

11,13910,78710,97310,63210,37511,51511,02810,88211,14711,24111,27711,407

12,09711,37211,14711,56011,62811,83712,98811,76611,92412,43612,10812,491

260,982243,952258,048325,726

20,12718,80419,52819,91421,44620,91621,82822,71422,45124,33323,11522,976

26,58626,14726,77128,36825,56925,35631,88326,56729,43026,31327,03326,169

18,35017,81718,81921,626

1,7001,4331,5581,5931,7121,4901,4861,4801,4661,7471,5651,591

1,7591,7731,8652,0281,7611,5762,0021,7111,8031,9241,7051,719

92,87374,40468,03772,758

5,9024,4224,6484,5175,8295,5676,0116,5816,4656,8555,8915,360

6,0636,0396,3086,6365,6186,0716.4945,7885,8096,0946,1485,738

142,475144,022163,449221,515

11,97712,43812,60213,01213,23913,10113,79613,91213,75415,10715,12415,478

17,94817,65217,82718,76617,40216,88922,37618,32620,99417,57918,21117,965

28,74535,32038,24142,42948,34258,86273,573108,392

110,875105,880132,498160,411186,045222,228256,984

273,352254,885269,878341,177

21,07519,68220,38720,82122,40621,852

22,85823,74623,47725,46524,18524,033

27,79427,30527,99229,71126,78926,543

33,50327,89530,82427,56728,31027,430

5,3153,8724,141

8371,289

2,708=2,014=6,384

1,348=3,396

-4,4679,149

=8,254-29,158- 31,076-27,599

=24,241

-27,305-31,759^57,562-107,861

-2,895-2,493-2,837=3,819= 5,791-=3,957

-5,341-6,132-5,195- 7,300-6,052-5,678

- 8,260-=8,935= 9,044-10,847-7,619^7,723

= 12,440-8,531= 11,253=7,927-8,661-6,940

2,283-1,257

- 9 0 9

230-4,793-9,663

2,752-10,395

-12,7831,772

-17,274- 39,179^42,364=40,368

-36,354

-39,675-42,691-69,392

= 123,312

-3,843-3,371-3,696-4,726-6,751-4,893

-6,371-7,164-6,221-8,432-7,122-6,735

-9,468-10,093-10,264= 12,190

=8,839-8,910

= 14,061-9,859

-12,647-9,180- 9,937-8,200

1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excluded8 Total includes commodities and transactions not classified according to kind.3 Includes fats and oils.4 Includes machinery, transportation equipment, chemicals, metals, and other manufactures. Export data for these items include

military grant-aid shipments through 1977 and exclude them thereafter.6 Total arrivals of imported goods other than intransit shipments.• C.i.f. {cost, insurance, and freight) import value at first port of entry into United States. Data for 1967-73 are estimates.7 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.Note.—Data are as reported by the Bureau of the Census adjusted to include silver ore and bullion reported separately prior to 1969.

Trade in gold is included beginning 1974. Export statistics cover all merchandise shipped from the U.S. customs area, except suppliesfor the U.S. Armed Forces. Exports include shipments under Agency for International Development and Food for Peace programs as wellas other private relief shipments.

Data for 1980 and 1981 include trade of the U.S. Virgin Islands, except that for 1980 Virgin Islands exports are reflected only in thefigures for domestic and foreign exports combined, total domestic exports, and trade balance.

*Data for 1974-79 for domestic and foreign exports combined, total domestic exports, total general imports, and trade balanceinclude trade of the Virgin Islands.

Source: Department of Commerce (Bureau of the Census and International Trade Administration, Office of Trade Information andAnalysis, Trade Statistics Division).


TABLE B-102.—International investment position of the United States at year-end, 1976-83


Type of investment 1976 1977 1978 1979 1980 1981 1982 1983

Net international investment position of the United States...

U.S. assets abroad..

U.S. official reserve assetsGoldSpecial drawing rightsZZ1Reserve position in the International Monetary

Foreign currencies "Z "."..".

Other U.S. Government assets, other than officialreserve assets

U.S. loans and other long-term assetsRepayable in dollarsOtherU.S. foreign currency holdings and U.S. short-

term assets

. privateDirect investments abroadForeign securities

BondsCorporate stocks

U.S. claims on unaffiliated foreigners reportedby U.S. nonbanking concerns

U.S. claims reported by U.S. banks, not included

Foreign assets in the United States..,

Foreign official assets in the United StatesU.S. Government securities

U.S. Teasury securitiesOther

Other U.S. Government liabilitiesU.S. liabilities reported by U.S. banks, not in-

cluded elsewhereOther foreign official assets

Other foreign assets in the United States

Direct investments in the United StatesU.S. Treasury securitiesU.S. securities other than U.S. Treasury securi-

tjtjgsCorporate and other bondsCorporate stocks.

U.S. liabilities to unaffiliated foreigners reportedby U.S. nonbanking concerns

U.S. liabilities reported by U.S. banks, not in-cluded elsewhere

83.6

347.2

18.711.62.4

4.4.3

46.044.141.3

2.8

1.9

282.4136.844.234.79.5

20.3

81.1

263.6

104.4

72.670.6

2.08.9

17,25.8

159.1

30.87.0

54.912.042.9

13.0

53.5

72.7

379.1

19.311.72.6

4.9.0

49.547.745.2

2.6

1.8

310.2146.049.439.310.1

22.3

92.6

306.4

140.9

105.4101.1

4.310.3

18.07.2

165.5

34.67.6

51.211.539.8

11.9

60.2

76.1

447.8

18.711.71.6

1.04.4

54.252.349.8

2.4

1.9

375.0162.753.442.111.2

28.1

130.8

371.7

173.1

128.5124.0

4.512.7

23.38.5

198.7

42.58.9

53.611.5

42.1

16.0

777

94.5

510.6

19.011.22.7

1.33.8

58.456.554.1

2.4

1.9

433.2187.956.842.014.8

31.5

157.0

416.1

159.9

106.6101.7

4.912.7

30,5

256.3

54.514.2

58.610.348.3

18.7

110.3

106.1

606.9

26.811.22.6

2.910.1

63.661.859.62.2

1.7

516.6215.462.743.5

19.2

34.7

203.9

500.8

176.1118.2111.3

6.913.4

30.4

14.1

324.7

83.016.174.19.5

64.6

30.4

121.1

143.1

719.6

30.111.24.1

5.19.8

68.567.064.72.3

1,4

621.1228.3

63.445.8

17.6

35.9

293.5

576.5

180.5125.1117.0

8.113.1

26.715.6

396.0

106.218.5

75.410.764.6

30.6

165.4

149.5

838.1

34.011.15.3

7,310,2

74.472.770.7

2.0

1.7

729.8221.5

75.656.7

18.9

28.2

404.6

688.6

189.0132.5124.9

7.613.5

25.018.0

499.6

121.925.8

93.616.876.7

27.1

231.3

106.0

887.5

33.711.15.0

11.36.3

79.377.675.7

1.9

1.7

774.4226.1

84.858.3

26.5

33.5

430.0

781.5

193.9136.9129.7

7.213.7

25.417.9

587.6

133.533.9

114.617.497.2

25.2

280.3

Note.—For details on the series, see Survey of Curwit\Bu$ine$$, August 1984.Source: Department of Commerce, Bureau of Economic Analysis.

349


TABLE B-103.—International reserves, selected years, 1952-84

[Millions of SDRs; end of period]

Area and country 1952 1962 1972 1980 1981 1982 1983

1984

No vein-ber

All countries

Industrial countries..,

United States...CanadaAustraliajapanNew Zealand

AustriaBelgium...Denmark..FinlandFrance

Germany .. . •IcelandInlandItalyNetherlands

NorwaySpainSwedenSwitzerlandUnited Kingdom

Oil-exporting countries..,

AlgeriaIndonesia..IranIraqKuwait

LibyaNigeriaOmanQatarSaudi Arabia..

United Arab Emirates..Venezuela

49,388

38,582

24,7141,944

9201,101

183

1161,133

150132

9608

318722953

164134504

1,6671,956

1,699

8431417713150

500

Non-otl developing countries..,

AfricaAsiaEuropeMiddle EastWestern Hemisphere..

443

8,573

966825

2,173

62,851

52,535

17,220256111682,021

251

1,0811,753

256237

4,049

6.958

3594,0681,943

3041,045

8022,9193,308

2,030

18610821119397

96289

268

147,333

110,282

12,1125,5725,656

16,916767

2,5053,564787664

9,224

21,90878

1,0385,605M07

1,2204,6181,4536,9615,201

9,956

454531885720335

2,6943463456

2,303

583

8,172

1,6352,5501,348940

1,699

354,893

211,904

21,4793,1191,603

20,164277

4,8797,3302,7121,501

24,301

41,430138

2,25520,47710,669

4,7839,8132,89315,19016,851

69,299

3,1534,3118,150

369,772

212,693

25,5023,7171,713

25,083580

5,2795,4512,2461,319

21,991

40,892199

2,29019,6319,562

5,4149,7943,30614,92513,757

75,299

3,3704,416

363,749

211,918

29,9183,4286,053

22,001577

5,5444,7572,1111,420

17,850

43,909133

2,39015,10710,723

6,2727,4503,397

16,93011,904

69,604

2,3912,959

395,616

232,398

30,8314,0168,749

24,346744

5,0525,6993,5151,227

21,826

44,092144

2,53421,53711,253

6,3737,5814,06517,27511,496

68,660

1,9913,660

432,742

252,435

33,0843,1178,018

2713631,995

4,4495,8094,5573,069

25,458

44,422164

, . . . „ . .

11,155

9,75612.8384,232

16,42710,071

68,603

1,8314,882

1,595

26,137

3,1686,6406,4282,4067494

3,169

10,3728,049

463286

18,536

1,6005,579

71,851

4,48024,9688,0608,311

26,032

3,583

7,8603,371

649339

27,855

2,7757,415

75,450

4,20827,466

8,1509,001

26,625

5,449

6,5251,486

801382

26,948

2,0376,365

74,361

3,84634,393

6,87410,13219,195

5,048

5,110970738404

26,224

2,0087,701

83,087

4,34340,801

8,1379,478

20,328

4,344

3,8141,230

599

2,1889,217

96,823

3,90047,001

8,8377,986

29,099

Note.—International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights(SDRs), reserve positions in the International Monetary Fund, and foreign exchange. Data exclude USSR. , other Eastern Europeancountries, and Cuba (after 1960).

U.S. dollars per SDR (end of period) are: 1952 and 1962—1.00000; 1972-1.08571; 1979-1.31733; 1980-1.27541; 1981—1.16396; 1982—1.10311; 1983—1.04695; and November 1984—.98935.

Source: International Monetary Fund, "International Financial Statistics."

350


TABLE B-104.—Exchange rates, 1967-84

[Cents per unit of foreign currency, except as noted]

Period

March 1973

196719681969

19701971 .'".'19721973 ....1974

19751976197719781979 ....

19801981...:.198219831984

1983:|IIillIV

1984:

|ff|JIV

March 1973

196719681969

19701971197219731974

19751976197719781979

198019811982 :19831984

1983:

|| ....IllIV

1984:||*IllIV

Belgian franc

2.5378

2.01252.00261.9942

2.01392.05982.27162.57612.5713

2.72532.59212.79113.18093.4098

3.42472.70072.19821.96211.7348

2.11102.01781.88381.8357

1.81191.80951.69501.6230

Netherlandsguilder

34.834

27.75927.62627.592

27.65128.65031.15335.97737.267

39.63237.84640.75246.28449.843

50.36940.19137.47335.12031.245

37.54535.82033.81633.300

32.86532.73830.36529.011

Canadiandollar

100.333

92.68992.80192.855

95.80299.021100.93799.977102.257

98.297101.41094.11287.72985.386

85.53083.40881.07781.13377.244

81.46381.21481.11080.743

79.66377.36676.11175.837

Swedish krona

22.582

19.37319.34919.342

19.28219.59221.02222.97022.563

24.14122.95722.38322.13923.323

23.64719.86016.06313.04412.103

13.48613.26012.80612.626

12.55612.49211.88711.477

French franc

22.191

20.32320.19119.302

18.08718.14819.82522.53620.805

23.35420.94220.34422.21823.504

23.69418.48915.29313.18311.474

14.51713.40312.56112.251

12.06012.00411.16010.673

Swiss franc

31.084

23.10423.16923.186

23.19924.32526.19331.70033.688

38.74340.01341.71456.28360.121

59.69751.02549.37347.66042.676

49.59548.17846.56346.306

45.52544.51440.93839.726

German mark

35.548

25.08425.04825.491

27.42428.76831.36437.75838.723

40.72939.73743.07949.86754.561

55.08944.36241.23639.23535.230

41.51340.25637.82837.344

37.05236.89134.25132.726

United Kingdompound

247.24

275.04239.35239.01

239.59244.42250.08245.10234.03

222.16180.48174.49191.84212.24

232.58202.43174.80151.59133,56

153.28155.21150.95146.91

143.50139.58129.65121.50

Italian lira

0.17604

.16022

.16042

.15940

.15945,16174.17132.17192.15372

.15328

.12044

.11328

.11782

.12035

.11694

.08842

.07411

.06605

.05708

.07139

.06773

.06351

.06156

.06019

.05967

.05558

.05288

Japanese yen

0.38190

.27613

.27735

.27903

.27921

.28779

.32995

.36915

.34302

.33705

.33741

.37342

.47981

.45834

.44311

.45432

.40284

.42128

.42139

.42436

.42109

.41252

.42714

.43326

.43539

.41055

.40635

Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)

Nominal

100.0

120.0122.1122.4

121.1117.8109.199.1101.4

98.5105.6103.392.488.1

87.4102.9116.6125.3138.2

119.4123.0128.7130.2

131.6132.8141.7147.2

Real*

100.0

98.899.2

93.997.393.184.283.2

84.8100.8111.7117.3128.7

112.1115.3120.5121.4

122.4123.3132.3136.7

1 Adjusted by changes in consumer prices.Source: Board of Governors of the Federal Reserve System.

351


TABLE B-105.— World trade: Exports and imports, 1965, 1970, 1975, and 1980-84

[Billions of U.S. dollars]

Area and country 1965 1970 1975 1980 1981 1982 1983 1984 >

Developed countriesa

United States....CanadaJapan

European Community4

FranceWest GermanyItalyUnited Kingdom....

Other developed countries..

Developing countries

OPEC«..Other....

Communist countries •

U.S.S.REastern Europe..China.... .......

TOTAL.

Developed countries3...

United States .....CanadaJapan...

European Community4

Prance ,West Germany....ItalyUnited Kingdom..



OPEC 6Other.

Communist countries"..

U.S.S.REastern Europe..China

TOTAL.

131.3

27.58.48.5

65.2

10.217.97.2

13.8

21.7

34.5

10.324.2

23.2

8.211.82.0

189.0

138.7

23.28.78.2

70.5

10.417.67.4

16.1

28.2

36.0

6.429.6

22.5

8.011.61.8

197.2

Exports, f.o.b.3

226.6

43.216.719.3

113.5

18.134.213.219.4

33.8

52.5

16.935.6

34.9

12.818.22.2

314.0

584.9

108.134.155.8

299.6

53.190.234.843.4

87.4

207.8

111.596.3

90.3

33.445.3

7.1

883.0

1,284.5

220.867.7

130.4

665.8

116.0192.977.7

110.1

199.7

557.1

298.9258.2

201.7

76.486.218.9

2,043.3

1,259.3

233,772.7

151.5

612.4

106.4176.175.3

102.2

188.9

541.3

278.1263.2

205.2

79.483.821.5

2,005.8

1,192.9

212.370.5

138.4

590.0

96.7176.473.597.0

181.8

462.8

215.4247.4

223.9

87.291.422.9

1,879.6

Imports, cJ.f.7

1,179.8

200.576.7

147.0

575.2

94.9169.472.791.6

180.3

431.1

176.4254.8

235.7

91.796.723.7

1,846.6

1,288.9

218.089.6

168.8

615.5

100.1170.172.792.7

197.0

470.6

185.2285.3

244.6

93.5100.026.6

2,004.1

238.0

42.714.318.9

118.7

19.129.915.021.9

43.4

53.1

9.943.2

34.1

11.718.52.2

325.2

618.9

105.936.257.9

306.6

54.074.938.553.3

112.4

180.1

52.1128.0

100.8

37.151.37.4

899,8

1,428.9

257.062.8

141.3

729.1

134.9188.099.7

115.5

238.7

440.8

133.0307.8

200.4

68.591.220.7

2,070.1

1,361.5

273.470.3

142.9

645.4

121.0163.991.1

102.7

229.6

488.6

156.5332.1

200.0

73.287.519.3

2,050.1

1,278.7

254.958.4

131.5

615.4

115.7155.486.299.7

218.5

463.1

166.1297.0

203.1

77.887.117.9

1,944.9

1,254.5

269.965.1

126.4

590.7

105.4152.980.4

100.2

202.5

421.8

140.2281.6

213.0

80.491.719.6

1,889.3

1,405.0

327.177.6

138.4

626.1

105.9155.681.6

106.2

235.8

432.5

132.9299.6

220.2

80.595.821.9

2,057.71 Preliminary estimates.2 Free-on-board ship value.9 Includes the OECD countries, South Africa, Israel, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece. Ireland, and the Netherlands, not shown separately.8 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia,

Venezuela.<* Includes North Korea. Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.7 Cost, insurance, and freight value, except Eastern Europe (except Hungary) and U.S.S.R., which are f.o.b. (free on board).Sources: International Monetary Fund, Organization for Economic Cooperation and Development, and Council of Economic Advisers.

United Arab Emirates, and


TABLE B-106.— World trade balance and current account balances, 1965, 1970, 1975, and 1980-84

[Billions of U.S. dollars]

Area and country

Developed countries3

United StatesCanada.Japan

European Community*

FranceWest GermanyItalyUnited Kingdom

Other developed countries

Devetooins countries

OPEC6

Other

Communist countries6

US.S.REastern EuropeChina

TOTAL*

Developed countries3

United StatesCanada.japan .

European Community4

franceWest GermanyItalyUnited Kingdom

Other developed countries


OPEC5

Other

Communist countries8

U.S.S.REastern EuropeChina

TOTAL

1965 1970 1975 1980 1981 1982 1983 1984'

World trade balance2

- 7 . 4

4.3-.2

.3

- 5 . 3

_ 2

- 2- 2 . 3

- 6 . 5

- 1 . 5

3 9- 5 . 4

.7

.2

.2

.2

- 8 . 2

-11 .4

.52.5

.4

- 5 . 3

- 1 . 04.3

- 1 . 8- 2 . 4

- 9 . 6

- . 6

7.0- 7 . 6

.8

1.1- . 3

.0

- 1 1 . 2

- 3 4 . 0

2.2- 2 , 1- 2 . 0

»7.0

- . 815.2

- 3 . 7- 9 . 9

- 2 5 . 0

27.7

59.431.7

10.5

- 3 . 7- 6 . 0

16.8

-144.4

- 3 6 . 24.9

- 1 0 . 9

-63.3

- 1 8 . 94.9

- 2 2 . 0- 5 . 4

- 3 9 . 0

116.2

165.9- 4 9 . 6

1.3

7.9- 5 . 0- 1 . 8

- 2 6 . 9

-102.2

- 3 9 . 62.48.6

- 3 2 . 9

-14 .512.2

- 1 5 . 8

- 4 0 . 7

52.7

121.6- 6 8 . 9

5.2

6.2- 3 . 7

2.2

- 4 4 . 3

- 8 5 . 7

- 4 2 . 612.16.9

-25 .4

- 1 9 . 021.1

- 1 2 . 72.7

- 3 6 . 7

- . 3

49.3-49 ,6

20.8

9.44.35.1

65.2

-74 .7

- 6 9 . 311720.5

-15 .5

10516.5

- 7 . 7- 8 . 5

- 2 2 . 2

9.3

361- 2 6 . 8

22.7

11.35.04.0

- 4 2 J

-116 .1

-109 ,112130.3

- 1 0 . 7

5 814.6

-9.C- 1 3 . 4

- 3 8 , 8

38.1

523- 1 4 . 3

24,4

1304.24.7

-53 ,6

Current account balances8

3.2

5.4- 1 . 1

.9

.8

4- 1 . 6

2.2

- 2 . 9

-2

4.7

2.31.12.0

2.8

.1

.9

.82.0

- 3 . 4

8.5

- . 5- 8 . 0

- . 8

.1- . 8

- 4 . 6

0.2

18.14.7

- . 7

3.4

2.74.0

- . 6- 3 . 3

- 1 5 . 9

- . 9

27.0- 2 7 . 9

- 1 1 . 1

- 4 . 6- 6 . 4

- 1 1 . 8

- 6 4 . 5

1.9- 1 . 0

- 1 0 . 7

- 3 5 . 4

- 4 . 2- 1 5 . 7

- 9 . 78.4

- 1 9 . 3

48.8

109.8- 6 1 . 0

- 4 . 6

1.9- 5 . 5- 1 . 0

- 2 0 . 3

-30 .4

6.3- 5 . 1

4.8

- 1 1 . 8

- 4 7- 5 . 8- 8 . 114.5

- 2 4 . 6

- 2 8 . 6

49.8-78 .4

- . 4

_ 2- 3 . 7

3.5

-59 .4

- 3 3 . 1

- 9 . 22.26.9

- 9 . 5

- 1 2 . 13.8

- 5 . 59.1

- 2 3 . 5

80.8

-15 .465.4

11.6

4.31.75.6

-102.3

- 2 6 . 8

-41 .61.4

20.8

3.6

- 4 44.1

.84.4

- 1 1 . 0

- 5 6 . 8

- 1 8 . 1-38 ,7

12.5

4.73.84.0

- 7 1 . 1

- 7 5 . 5

-102.41.0

32.3

- 1 . 0

- . 32.3

- 1 . 0- 1 . 5

- 5 . 4

- 3 0 . 0

2.0- 3 2 . 0

4.82.9

1 Preliminary estimates.2 Exports f.o.b. (free-on-board ship value) less imports c.i.f. {cost, insurance, and freight).3 Includes the OECD countries, South Africa, Israel, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece. Ireland, and the Netherlands, not shown separately.5 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, andVenezuela.

* Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.7 Asymmetries arise in global payments aggregations because of discrepancies in coverage, classification, timing, and valuation in therecording of transactions by the countries involved and because freight charges are attributed to the cost of imports.

0 Includes only countries listed.Sources: International Monetary Fund, Organization for Economic Cooperation and Development, and Council of Economic Advisers.

353


TABLE B-107.—Industrial production and consumer prices, major industrial countries, 1960-84

[1967=100]

Year or quarter

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984 "

1983:I ;.IIIllIV

1984:

IIIII

I9601961196219631964 :.19651966196719681969

1970197119721973 *197419751976197719781979

19801981198219831984

1983:

ifZZZZZZZZZZZ!III. , . ,IV

1984:

IIIIIIV

UnitedStates Canada Japan

EuropeanCommu-

nity*France West

GermanyItaly United

Kingdom

Industrial production *

66.266.772.276 581.789.897.8

100.0106.3111.1107.8109.6119.7129.8129.3117.8130.5138.2146.1152.5

147 0151.0138.6147.6163 5

138.5144.5151.8155.5

159.8163.1165.6165.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4311.1

293.2296.9300.5303.1

306.4309.7313.1315.4

63.165 671.275 782.689.796.2

100.0106.4113.7

115.3121.5130.7144.6149.2140.3148.5152.7157.8167.6

1651165 9149.5157.6

149.8154.2160.6166.5

167.4168 7174.1

85.986.787.789.290 993196.5

100.0104 0108.8

112.4115.6121.2130.3144.5160.1172.1185.9202.5221.0

243.5273.9303.5321.0335 0

314.5318.8324.0326.8

330.7 .333.6336.7339.0

43.051.255.461771474.283.8

100.0115.2133.4

151.8155 7167.0190.5183.1163.9182.0189.7201.1215.3

2252227 5228.4236.5

228.6232.7239.0245.5

253.6259 9264.2

68.371.876.782.585 891696 3

100.0105 3110.9

119 3126.5132.3147.9184.0205.8224.9243.0252.3261.3

282.3296.2304.1309.7

306.5310.1309.0312.6

313.9316.6316.0

74.778.181.384.891.094.798.4

100.0107.4117.6

123.3126.1131.7141.4142.3132.8142.6145.9149.7156.8

155.8152.1149.7151.1

148.1148.5151.8154.1

155.1153.0156.0

Consume

79.281.284.387.690 794197 5

100.0103 7107.9

113.2120.2127.5138.2156.2176.7195.2214.3229.2250.0

280.9312.1343.0368.5

359.6365.7371.3377.5

383.1389.3393.0

70737886909398

100104114

120128135145148139149152

161160158159

159159159160

163161164

r prices3 78.03 80.6

85.489.592 594 897 4

100.0104 5111.3

1171123.5131.1140.7160.0178.9196.1214.5233.9259.1

294.2332.7373.1407.9

393.2404.4413.1420.8

428.1436.1443.7

78.482.886.188 996 6

102.1103.0100.0109.2123.2

1311133.6138.7147.7145.1137.1149.1152.0154.1161.5

162 01591154 5155.7

152 3155.7155.2159.9

161.4153 7163.1

82.984.887.489.992 095 0984

100.01016103.5

1071112.7119.0127.2136.1144.2150.5156.0160.2166.9

175.8186.9196.8203.3

201.2202.2204.3205.2

207.0208.0208.0

59.265.571.978 479282 893 3

100 0106.4110.5

117 6117 5122 7134 6140 6127 6143.5145.1147.9157.6

166 5163 8158 8153.7

154 6150.5154.5155.2

156.8157 6160.6

74.175.779.285.190194 2964

100.01014104.1

109 2114.4121.0134.0159.7186.8218.1255.2286.2328.5

398.0472.4549.4631.8

609.7627.5643.0671.9

684.9699.6709.0

83.984.285,087 895 097 8993

100.0107.6111.3

11181112113 2123 3120 8114.4118.1124.2127.8132.8

1241119 61217125.7

123 9123.8126.6128.4

127.5124 9124.7

79.081.685.186.889693 997 6

100.0104 8110.3

117 4128.5137.7150.2174.3216.5252.4292.4316.6359.0

423.6473.9514.7538.3

525.3536.1543.0549.1

552.5563.7568.6

1 Consists of Belgium-Luxembourg, Denmark, France, Greece. Ireland, Italy, Netherlands, United Kingdom, and West Germany. Industrialproduction prior to July 1981 excludes data for Greece, which Joined the EC in 1981.

* All data exclude construction. Quarterly data are seasonally adjusted.3 Data for 1960 and 1961 are for Paris only.Sources: Department of Commerce (International Trade Administration, Office of Trade Information and Analysis, Trade Statistics

Division) and Department of Labor (Bureau of Labor Statistics).

354


TABLE B-108.—Civilian unemployment rate, and hourly compensation, major industrial

countries, 1960-84

[Quarterly data seasonally adjusted]

Year or quarter

19601961196219631964196519661967196819691970197119721973197419751976197719781979 ..198019811982198319841983.

11IIIIV .

1984:I ,

IIIIV

1960196119621963 . ...1964 ....1965196619671968196919701971197219731974197519761977197819791980198119821983

UnitedStates

5.56.75.55.75.24.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.5

10.410.19.38.5

7.97.57.47.2

36.737.739.240.342.042.844.847 050.453.957.661.164.469.076.485.592.3

100.0108.3118.8132.7145.2158.0163.4

Canada

6.56.75.55.24.43.63.43.84.54.45.76.26.25.55.36.97.18.18.37.47.57.5

11.011.911.3

12.512.211.611.2

11.311.411.311.2

29.729.228.429 230.3

fii$42.747.452 757 662.874.481.796.9

100.099.5

107.3118.7134.3143.9153.9

Japan France WestGermany

Civilian unemployment rate (percent)1

1.71.51.31.31.21.21.41.31.21.11.21.31.41.31.41.92.02.02.32.12.02.22.42.7

2.72.72.72.6

2.82.72.8

1.61.41.31.21.31.41.71.82.42.22.42.72.82.72.94.24.64.95.46.16.57.78.78.8

8.78.88.89.1

9.510.010.2

1.1.6.6

.43.3

1.31.1.6

'.&

u3.43.43.53.43.02.94.15.97.37.4

717.4757.3

7.27.47.57.3

Hourly compensation (1977=100)2

6.67.78.898

11.012 413.615 317 921.325.430 340155067.177.182.3

100.0136.1138.5143.8158.0147.0158.6

15.116.718.520121.923.725.126 930.330.832.436 844.257.763.387.991.4

100.0124.2149.9172.5155.1151.2147.3

10.512.213.914 816.117 619.120 221724.230.635943 559 369.380.284.3

100.0124.7146.2159.8137.8134.8132.8

Italy

3.22.82.52.12.4

303330313.12.82.93.43.22.83.03.43.63.73.9

3.94.34.85.35.6

495.4535.6

555.65.55.6

11.913.115.518 320.421822 825 427130.736.843152 366474.095.089.5

100.0119.1143.1165.3152 8154.0161.4

UnitedKingdom

2.11.92.73.32.4212232323.03.13.94.23.23.14.66.06.36.25.67.0

10.512.013.113.5

13113.313 3110

13 213.313.6

23.925.626.928129.9

35 536 033 636.642.450 057 663 276.795.692.0

100.0128.4166.8217.02151202.0188.0

1 Civilian unemployment rates, approximating U.S. concepts. Data for United Kingdom exclude Northern Ireland. Quarterly data forFrance, West Germany, and United Kingdom should be viewed as less precise indicators of unemployment under U.S. concepts than theannual data. Beginning 1977, changes in the Italian survey resulted in a large increase in persons enumerated as unemployed. However,many also reported that they had not actively sought work in the past 30 days. Such persons have been provisionally excluded forcomparability with U.S. concepts; their inclusion would more than double the rates shown for Italy.

2 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States and Canada, and to all employees (wage and salary earners) in the other countries. For France andUnited Kingdom compensation adjusted to include changes in employment taxes that are not compensation to employees, but are taborcosts to employers.


355


TABLE B-109.—Growth rates in real gross national product, 1961-84

[Percent change]

Area and country1961-65annualaverage

1966-70annualaverage



1980 1981 1982 1983 1984»

Developed countriesa...

United States..Canadajapan

European Community4

FranceWest Germany,...Italy

ingdom..



OPEC5..Other....

Communist countries*...

U.S.S.REastern Europe....China

TOTAL..

5.3

4.75.7

10.0

4.7

5.85.05.23.2

5.1

6.3

6.96.14.2

5.03.9

5.1

4.5

3.24.8

11.2

4.5

5.44.26.22.5

3.5

6.7

7.76.3

5.1

5.33.88.3

5.1

3.1

2,65.04.6

2.7

4.02.12.42.0

3.0

7.0

9.16.3

4.2

3.74.95.6

4.0

3.4

3.73.35.1

3.1

3.33.53.81.5

3.0

5.5

4.95.72.7

2.61.95.9

3.5

1.2

- . 31.04.9

1.1

1.11.83.9

-2 .6

.9

4.9

1.86.2

1.4

1.6

52

1.6

2.0

2.54.04.0

- . 3

.3- . 1

- L 3

2.3

1.4

- 1 . 22.4

1.2

1.9-1 .0

3.0

2.4

- 0 . 5

-2 .1-4 .2

3.2

1.6-1 .0

- 1 . 5

.9

— .5

2.2

2.6- . 87.4

.0

2.3

3.73.03.0

.8

U-1.5

2.5

2.8

.5

-1 .11.0

3.8

3.61.99.0

2.3

6.84.35.8

2.3

1.82.53.02.0

3.5

- . 53.6

3.2

2.01.8

13.0

1 Preliminary estimates.3 Includes the OECD countries, Israel, South Africa, and non-OECD Europe.»Not available.4 Includes Belgium-Luxembourg, Denmark, Greece. Ireland, and the Netherlands, not shown separately.6 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Ara

• Includes North Korea and Yugoslavia, not shown separately.

Sources: Department of Commerce, International Monetary Fund, Organization for Economic Cooperation and Development (OECD)Council of Economic Advisers.

Arabia, United Arab Emirates, and

and

356


erp1985 appendixes 2

Documents