erp1986 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, 1929-85 252B-2. Gross national product in 1982 dollars, 1929-85 254B-3. Implicit price deflators for gross national product, 1929-85 256B-4. Fixed-weighted price indexes for gross national product, 1982

weights, 1959-85 258B-5. Changes in gross national product, personal consumption expendi-

tures, and related price measures, 1933-85 259Gross national product by major type of product, 1929-85 260Gross national product by major type of product in 1982 dollars,

1929-85 261B-8. Gross national product by sector, 1929-85 262B-9. Gross national product by sector in 1982 dollars, 1929-85 263B-10. Gross national product by industry, 1947-84 264B-ll. Gross national product by industry in 1982 dollars, 1947-84 265B-12. Gross domestic product of nonfmancial corporate business, 1929-

85 266B-l3. Output, costs, and profits of nonfmancial corporate business,

1948-85 267B-14. Personal consumption expenditures, 1929-85 268B-15. Gross and net private domestic investment, 1929-85 270B-16. Gross and net private domestic investment in 1982 dollars, 1929-

85 271B-17. Inventories and final sales of business, 1946-85 272B-18. Inventories and final sales of business in 1982 dollars, 1947-85 273B-l9. Foreign transactions in the national income and product accounts,

1929-85 274B-20. Exports and imports of goods and services in 1982 dollars, 1929-

85 275B-21. Relation of gross national product, net national product, and na-

tional income, 1929-85 276B-22. Relation of national income and personal income, 1929-85 277B-23. National income by type of income, 1929-85 278B-24. Sources of personal income, 1929-85 280B-25. Disposition of personal income, 1929-85 282B-26. Total and per capita disposable personal income and personal con-

sumption expenditures in current and 1982 dollars, 1929-85 283B-27. Gross saving and investment, 1929-85 284B-28. Saving by individuals, 1946-85 285B-29. Number and median income (in 1984 dollars) of families and per-

sons, and poverty status, by race, selected years, 1960-84 286

247


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITYPage

B-30. Population by age groups, 1929-85 287B-31. Population and the labor force, 1929-85 288B-32. Civilian employment arid unemployment by sex and age, 1947-85.. 290B-33. Unemployment by duration and reason, 1947-85 291B-34. Civilian labor force participation rate and civilian employment/

population ratio, 1948-85 292B-35. Unemployment rate, 1948-85 293B-36. Civilian labor force participation rate by demographic characteris-

tic, 1954-85 294B-37. Civilian employment/population ratio, 1954-85 295B-38. Civilian unemployment rate by demographic characteristic, 1948-

85 296B-39. Unemployment insurance programs, selected data, 1955-85 297B-40. Employees on nonagricultural payrolls, by major industry, 1939-

85 '. 298B-41. Average weekly hours and hourly earnings in selected private non-

agricultural industries, 1947-85 300B-42. Average weekly earnings in selected private nonagricultural indus-

tries, 1947-85 301B-43. Productivity and related data, business sector, 1947-85 302B-44. Changes in productivity and related data, business sector, 1948-85. 303

PRODUCTION AND BUSINESS ACTIVITY:B-45. Industrial production indexes, major industry divisions, 1939-85.... 304B-46. Industrial production indexes, market groupings, 1947-85 305B-47. Industrial production indexes, selected manufactures, 1947-85 306B-48. Capacity utilization rates, 1948-85 307B-49. New construction activity, 1929-85 308B-50. New housing units started and authorized, 1959-85 310B-51. Business expenditures for new plant and equipment, 1947-86». 311B-52. Sales and inventories in manufacturing and trade, 1948-85 312B-53. Manufacturers' shipments and inventories, 1947-85 313B-54. Manufacturers'new and unfilled orders, 1947-85 314

PRICES:B-55. Consumer price indexes, major expenditure classes, 1946-85.. 315B-56. Consumer price indexes, selected expenditure classes, 1946-85 316B-57. Consumer price indexes, commodities, services, and special

groups, 1940-85 318B-58. Changes in special consumer price indexes, 1958-85 319B-59. Changes in consumer price indexes, commodities and services,

1929-85 320B-60. Producer price indexes by stage of processing, 1947-85 321B-61. Producer price indexes by stage of processing, special groups,

1974-85 323B-62. Producer price indexes for major commodity groups, 1947-85........ 324B-63. Changes in producer price indexes for finished goods, 1955-85 326

MONEY STOCK, CREDIT, AND FINANCE:B-64. Money stock, liquid assets, and debt measures, 1959-85 327B-65. Components of money stock measures and liquid assets, 1959-85... 328

248


Page

B-66. Aggregate reserves of depository institutions and monetary base,1959-85 330

B-67. Commercial bank loans and investments, 1972-85 331B-68. Bond yields and interest rates, 1929-85 332B-69. Total funds raised in credit markets by nonfinancial sectors, 1976-

85 334B-70. Mortgage debt outstanding by type of property and of financing,

1939-85 336B-71. Mortgage debt outstanding by holder, 1939-85 337B-72. Consumer credit outstanding, 1950-85 338

GOVERNMENT FINANCE:B-73. Federal receipts, outlays, surplus or deficit, and debt, selected

fiscal years, 1929-87 339B-74. Federal receipts, outlays, and debt, fiscal years 1978-87 340B-75. Relation of Federal Government receipts and expenditures in the

national income and product accounts to the budget, fiscal years1985-87 342

B-76. Federal and State and local government receipts and expenditures,national income and product accounts, 1929-85 343

B-77. Federal and State and local government receipts and expenditures,national income and product accounts, by major type, 1929-85... 344

B-78. Federal Government receipts and expenditures, national incomeand product accounts, 1964-87 345

B-79. State and local government receipts and expenditures, nationalincome and product accounts, 1946-85 346

B-80. State and local government revenues and expenditures, selectedfiscal years, 1927-84 347

B-81. Interest-bearing public debt securities by kind of obligation, 1967-85 348

B-82. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-85. 349

B-83. Estimated ownership of public debt securities, 1976-85 350

CORPORATE PROFITS AND FINANCE:B-84. Corporate profits with inventory valuation and capital consumption

adjustments, 1929-85 351B-85. Corporate profits by industry, 1929-85 352B-86. Corporate profits of manufacturing industries, 1929-85 353B-87. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions, 1950-85 354B-88. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, 1947-85 355B-89. Sources and uses of funds, nonfarm nonfinancial corporate busi-

ness, 1946-85 356B-90. State and municipal and business securities offered, 1934-85 357B-91. Common stock prices and yields, 1949-85 358B-92. Business formation and business failures, 1940-85 359

AGRICULTURE:B-93. Farm income, 1929-85 360B-94. Farm output and productivity indexes, 1929-85 361B-95. Farm input use, selected inputs, 1929-85 362B-96. Indexes of prices received and prices paid by farmers, 1946-85 363

249


Page

B-97. U.S. exports and imports of agricultural commodities, 1940-85 364B-98. Balance sheet of the farm sector, 1939-84 365

INTERNATIONAL STATISTICS:B-99. U.S. international transactions, 1946-85 366B-100. U.S. merchandise exports and imports by principal end-use catego-

ry, 1965-85 368B-101. U.S. merchandise exports and imports by area, 1976-85 369B-102. U.S. merchandise exports and imports by commodity groups,

1966-85 370B-103. International investment position of the United States at year-end,

1977-84 371B-104. International reserves, selected years, 1952-85 372B-105. Exchange rates, 1967-85 373B-106. World trade: Exports and imports, 1965, 1970, 1975, and 1981-

85 374B-107. World trade balance and current account balances 1965, 1970,

1975, and 1981-85 375B-108. Industrial production and consumer prices, major industrial coun-

tries, 1960-85 376B-109. Civilian unemployment rate, and hourly compensation, major in-

dustrial countries, 1960-85 377B-110. Growth rates in real gross national product, 1961-85 „ 378

250


General Notes

Detail in these tables may not add to totals because of rounding.Unless otherwise noted, all dollar figures are in current dollars.Symbols used:

p Preliminary.— Not available (also, not applicable).

Note.—Data for the national income and product accounts series appear-ing in this appendix reflect the comprehensive revision by the Department ofCommerce, Bureau of Economic Analysis. See Survey of Current Business fordetails.

251


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross national product, 1929-85

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

Year or quarter

1929193319391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967 ,196819691970197119721973197419751976 ...197719781979198019811982198319841985"1982:1

I II I IIV

1983- 11!I l lIV

1984: II II l lIV

1985:!||I I II V "

Grossnationalproduct

103.956.091.3

100.4125.5159.0192.7211.4213.4212.4235.2261.6260.4288.3333.4351.6371.6372.5405.9428.2451.0456.8495.8515.3533.8574.6606.9649.8705.1772.0816.4892.7963.9

1,015.51,102.71,212.81,359.31,472.81,598.41,782.81,990.52,249.72,508.22,732.03,052.63,166.03,401.63,774.73,992.53,112.63,159.53,179.43,212.53,268.73,365.13,437.53,535.03,676.53,757.53,812.23,852.53,917.53,960.64,016.94,075.1

Personal consumption expenditures

Total

i

77.345.867.071.080.888.699.5

108.2119.6143.9161.9174.9178.3192,1208.1219.1232.6239.8257.9270.6285.3294.6316.3330.7341.1361.9381.7409.3440.7477.3503.6552.5597.9640.0691.6757.6837.2916.5

1,012.81,129.31,257.21,403.51,566.81,732.61,915.12,050.72,229.32,423.02,581.91,996.32,023.82,065.62,117.02,146.02,210.12,254.92,306.32,358.62,414.42,439.02,480.12,525.02,563.32,606.12,633.3

Dura-ble

goods

9.23.56.77.89.76.96.56.78.0

15.820.422.925.030.829.929.332.732.138.938.239.737.242.843.541.947.051.856.863.568.570.681.086.285.797.6

111.2124.7123.8135.4161.5184.5205.6219.0219.3239.9252.7289.6331.1360.8245.1248.9252.8263.8268.5285.3295.3309.4321.6330.2331.1341.5351.5356.5376.0359.2

Non-durablegoods

37.722.335.137.042.950.858.664.371.982.790.996.694.998.2

109.2114.7117.8119.7124.7130.8137.1141.7148.5153.2157.4163.8169.4179.7191.9208.5216.9235.0252.2270.3283.3305.1339.6380.9416.2452.0490.4541.8613.2681.4740.6771.0817.0872.4912.5758.1762.6776.7786.6792.4811.7826.5837.2856.6873.2876.6883.1895.7910.2914.5929.4

Services

30.420.125.226.228.331.034.337.239.745.450.655.558.463.269.075.182.188.094.3

101.6108.51157125.0134.0141.8151.1160.6172.8185.4200.3216.0236.4259.4284.0310.7341.3373.0411.9461.2515.9582.3656.1734.6831.9934.7

1,027.01,122.71,219.61,308.6

993.11,012.21,036.11,066.51,085.21,113.01,133.11,159.61,180.41,211.11,231.31,255.41,277.81,296.61,315.61,344.6

Gross private domestic investment

Total

16.71.69.5

13.418.310.36.27.7

11.331.535.047.136.555.160.553.554.954.169.772.771.163.680.278.277.187.693.199.6

116.2128.6125.7137.0153.2148.8172.5202.0238.8240.8219.6277.7344.1416.8454.8437.0515.5447.3501.9674.0670.4459.5467.8452.2409.6425.0483.7521.2577.6658.8673.3687.9676.2657.6672.8666.1685.2

Fixed investment

Total

14.93.19.1

11.213.88.56.98.7

12.325.135.542.439.548.350.250.554.555.764.068.069.765.174.475.174.781.587.394.2

106.2114.4115.4129.1143.4145.7164.7191.5219.2225.4225.2261.7322.8388.2441.9445.3491.5471.8508.3607.0661.4483.6472.9461.2469.5467.7489.2524.0552.1566.7604.5619.5637.2639.1657.3665.9683.2

Nonresidential

Total

11.02.56.17.79.76.35.47.4

10.617.323.526.824.927.831.831.935.134.739.044.547.542.446.348.848.352.555.261.473.183.584.491.4

102.3105.2109.6123.0145.9160.6162.9180.0214.2259.0302.8322.8369.2366.7356.3427.9475.7382.0369.2360.7354.9338.0343.0357.3386.8394.1423.4435.9458.1459.6474.2478.5490.6

Struc-tures

5.51.12.22.63.32.21.82.43.37.48.19.59.2

10.011.912.213.613.915.218.218.917.518.019.219.420.520.822.727.430.530.732.937.139.240.944.551.457.056.360.166.781.099.5

113.9138.5143.3126.1147.6170.0150.3145.1140.2137.6127.6121.5124.7130.5135.0147.0151.3157.2166.1169.7170.4173.7

Pro-ducers'

dur-able

equip-ment

5.51.43.95.26.44.13.75.07.39.9

15,317.315.717.819.919.721.520.823.926.328.624.928.329.728.932.134.438.745.853.053.758.565.266.168.778.594.5

103.6106.6119.9147.4178.0203.3208.9230.7223.4230.2280.2305.8231.7224.1220.5217.3210.4221.5232.6256.3259.1276.5284.5300.9293.5304.5308.1316.9

Resi-dential

4.0.6

3.03.54.12.21.41.41.77.8

12.115.614.620.518.418.619.421.125.023.522.222.728.126.326.429.032.132.833.130.931.137.741.240.555.168.673.364.862.381.7

108.6129.2139.1122.5122.3105.1152.0179.1185.6101.7103.6100.5114.7129.7146.2166.7165.4172.6181.0183.7179.1179.4183.1187.4192.5

Changein busi-

nessinven-tories

1.7-1.6

.42.24.51.8

-.6-1.0-1.0

6.4_ 547

-3.16.8

10.23.1

.4-1.6

5.74.61.4

-1.55.83.12.46.15.85.49.9

14.210.37.99.83.17.8

10.519.615.4

-5.616.021.328.613.0

-8.324.0

-24.5-6.467.19.1

-24.1-5.0-9.0

-59.9-42.7-5.5-2.825.592.168.968.339.018.515.5

.22.1

See next page for continuation of table.

252Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-l.—Gross national product, 1929-85—Continued


Year or quarter

192919331939

1940. .194119421943194419451946194719481949

1950195119521953195419551956195719581959

19601961196219631964196519661967 .19681969

197019711972197319741975...19761977 . .19781979

198019811982198319841985 p

1982- 1I II l lIV

1983- 1III I I .IV

1984:1III l lIV

1985:1||I I IIV

Net exports of goods andservices

Netexports

1.1.4

1.2

1.81.5

.2-1.9-1.7-.57.8

11.97.06.5

2.24.53.21.32.63.05.37.33.31.5

5.97.26.98.2

10.99.77.57.45.55.6

8.56.33.2

16.816.331.118.81.94.1

18.8

32.133.926.3

-5.3-59.2-74.4

34.742.114.514.1

28.4-2.6

-19.7-27.4

-37.4-65.3-61.9-72.2

-42.3-70.3-87.8-97.2

Exports

7.12.44.6

5.46.15.04.65.57.4

15.220.317.516.4

14.519.819.218.118.821.125.228.224.425.0

29.931.133.135.740.542.946.649.554.860.4

68.972.481.4

114.1151.5161.3177.7191.6227.5291.2

351.0382.8361.9354.1384.6370.4

373.0378.9359.9335.9

344.6345.0358.0368.8

375.4382.3391.4389.5

379.6369.2363.2369.7

Imports

5.92.13.4

3.74.74.86.57.27.97.38.3

10.69.8

12.315.316.016.816.318.119.920.921.123.5

24.023.926.227.529.633.239.142.149.354.7

60.566.178.297.3

135.2130.3158.9189.7223.4272.5

318.9348.9335.6359.4443.8444.8

338.4336.8345.4321.9

316.2347.5377.6396.2

412.8447.6453.3461.7

421.9439.5451.0466.9

Government purchases of goods andservices

Total

8.98.3

13.6

14.225.059.988.997.183.029.126.432.639.0

38.860.475.882.876.075.379.787.395.497.9

100.6108.4118.2123.8130.0138.6158.6179.7197.7207.3

218.2232.4250.0266.5299.1335.0356.9387.3425.2467.8

530.3588.1641.7675.7736.8814.6

622.1625.7647.1671.8

669.3673.8681.1678.6

696.5735.1747.3768.4

777.2794.8832.5853.7

Federal

Total

1.52.25.2

6.117.052.081.489.474.819.213.617.321.1

19.138.652.757.948.444.946.450.554.554.6

54.458.264.665.766.468.780.492.7

100.1100.0

98.899.8

105.8106.4116.2129.2136.3151.1161.8178.0

208.1242.2272.7284.8312.9353.9

262.9259.3275.3293.2

287.1287.0286.0279.2

285.6314.8318.5332.9

334.4337.8364.8378.6

Nation-al

defense

il2.3

13.849.479.887.573.716.410.011.313.9

14.333.846.249.041.639.040.744.646.346.4

45.347.952.151.550.451.062.073.479.178.9

76.874.177.477.582.689.693.4

100.9108.9121.9

142.7167.5193.8215.7237.0262.0

182.2190.3197.3205.4

209.4214.5215.8222.9

228.3235.8236.2247.5

249.5256.0269.9272.5

Non-de-

fense

19"

3.93.22.61.62.01.12.83.66.07.2

4.74.86.58.96.86.05.75.98.38.2

9.210.212.614.216.017.718.319.321.021.1

22.025.828.428.933.639.642.950.352.956.1

65.474.878.969.276.091.9

80.769.078.087.7

77.872.570.256.2

57.379.082.285.4

84.981.795.0

106.1

Stateandlocal

7.46.18.3

8.18.07.87.57.68.29.9

12.815.318.0

19.821.823.124.827.730.333.336.940.843.3

46.150.253.558.163.569.978.287.097.6

107.2

119.4132.5144.2160.1182.9205.9220.6236.2263.4289.9

322.2345.9369.0390.9423.9460.7

359.2366.4371.8378.7

382.2386.9395.1399.4

410.9420.3428.8435.5

442.8457.1467.7475.2

Finalsales

102.257.690.9

98.3121.0157.2193.4212.3214.4206.0235.7256.9263.4

281.4323.2348.6371.1374.1400.2423.6449.6458.3490.0

512.3531.4568.5601.1644.4695.2757.8806.1884.8954.1

1,012.31,094.91,202.31,339.71,457.41,604.11,766.81,969.22,221.02,495.2

2,740.33,028.63,190.53,408.03,707.63,983.4

3,136.73,164.53,188.43,272.4

3,311.43,370.63,440.33,509.5

3,584.43,688.73,743.93,813.5

3,899.03,945.04,016.74,073.0

Percent changefrom preceding

period

Grossnation-

alprod-uct

-4.27.0

10.025.026.621.29.7

.9-.510.811.2-.5

10.715.75.55.7

.29.05.55.31.38.5

3.93.67.65.67.18.59.55.89.38.0

5.48.6

10.012.18.38.5

11.511.713.011.5

8.911.73.77.4

11.05.8

-.26.22.54.2

7.212.38.9

11.8

17.09.16.04.3

6.94.55.85.9

Finalsales

-5.55.4

8.123.229.923.09.81.0

-3.914.49.02.5

6.814.87.96.5

.87.05.86.11.96.9

4.63.77.05.77.27.99.06.49.87.8

6.18.29.8

11.48.8

10.110.111.512.812.3

9.810.55.36.88.87.4

4.23.63.1

11.0

4.97.38.58.3

8.812.26.17.6

9.34.87.55.7

Source.- Department of Commerce, Bureau of Economic Analysis.

253


TABLE B-2.—Gross national product in 1982 dollars. 1929-85

[Billions of 1982 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1929193319391940194119421943194419451946194719481949 .19501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981 .1982198319841985"1982: 1

III l lIV

1983- 1I II l lIV

1984: II II l lIV

1985:1I II l lIV


709.6498.5716.6772.9909.4

1,080.31,276.21,380.61,354.81,096.91,066.71,108.71,109.01,203.71,328.21,380.01,435.31,416.21,494.91,525.61,551.11,539.21,629.11,665.31,708.71,799.41,873.31,973.32,087.62,208.32,271.42,365.62,423.32,416.22,484.82,608.52,744.12,729.32,695.02,826.72,958.63,115.23,192.43,187.13,248.83,166.03,277.73,492.03,573.53,170.43,179.93,154.53,159.33,190.63,259.33,303.43,357.23,449.43,492.63,510.43,515.63,547.83,557.43,584.13,605.0

Personal consumptionexpenditures

Total

471.4378.7480.5502.6531.1527.6539.9557.1592.7655.0666.6681.8695.4733.2748.7771.4802.5822.7873.8899.8919.7932.9979.4

1,005.11,025.21,069.01,108.41,170.61,236.41,298.91,337.71,405.91,456.71,492.01,538.81,621.91,689.61,674.01,711.91,803.91,883.81,961.02,004.42,000.42,024.22,050.72,145.92,239.92,312.62,031.22,041.02,051.82,078.72,096.42,137.22,161.82,188.12,210.92,243.02,243.42,262.02,288.62,303.52,329.62,328.7

Durablegoods

40.320.735.740.646.231.328.126.328.747.856.561.767.880.774.773.080.281.596.992.892.486.996.998.093.6

103.0111.8120.8134.6144.4146.2161.6167.8162.5178.3200.4220.3204.9205.6232.3253.9267.4266.5245.9250.8252.7283.6318.6344.7247.7249.1251.8262.0264.9280.8288.5300.0311.0317.7318.0327.6335.0340.3359.3344.3

Non-durablegoods

211.4181.8248.0259.4275.6279.1284.7297.9323.5344.2337.4338.7342.3352.8362.9376.6388.2393.8413.2426.9434.7439.9455.8463.3470.1484.2494.3517.5543.2569.3579.2602.4617.2632.5640.3665.5683.2666.1676.5708.8731.4753.7766.6762.6764.4771.0800.7828.0847.4764.2768.3772.8778.6787.0796.8806.8812.0819.4832.8831.2828.6839.9846.7849.8853.0

Services

219.7176.2196.7202.7209.3217.2227.2232.9240.5262.9272.6281.4285.3299.8311.1321.9334.1347.4363.6380.1392.6406.1426.7443.9461.4481.8502.3532.3558.5585.3612.3641.8671.7697.0720.2756.0786.1803.1829.8862.8898.5939.8971.2991.9

1,009.01,027.01,061.71,093.31,120.51,019.21,023.51,027.21,038.11,044.51,059.71,066.51,076.11,080.51,092.61,094.31,105.81,113.71,116.51,120.41,131.3

Gross private domestic investment

Total

139.222.786.0

111.8138.8

76.750.456.476.5

178.1177.9208.2168.8234.9235.2211.8216.6212.6259.8257.8243.4221.4270.3260.5259.1288.6307.1325.9367.0390.5374.4391.8410.3381.5419.3465.4520.8481.3383.3453.5521.3576.9575.2509.3545.5447.3503.4661 3650.6464.2467.5448.6408.8422.5489.0526.3575.9649.0662.9673.3659.9639.6655.6645.0662.2

Fixed investment

Total

128.433.582.197.4

111.164.749.761.684.9

150.2178.9196.0178.4210.8204.3201.8213.8217.3243.5244.9240.4224.8253.8252.7251.8272.4290.5310.2341.8353.7345.6370.7385.1373.3399.7443.7480.8448.0396.1431.4492.2540.2560.2516.2521.7471.8508.9598.6643.3488.2473.0458.1468.1464.7492.7524.9553.2565.4596.8608.4623.8623.8640.5646.8662.0

Nonresidential

Total

93.025.853.265.076.647.439.452.674.2

105.5121.7127.4114.8124.0131.7130.6140.1137.5151.0160.4161.1143.9153.6159.4158.2170.2176.6194.9227.6250.4245.0254.5269.7264.0258.4277.0317.3317.8281.2290.6324.0362.1389.4379.2395.2366.7360.1430.3471.8387.0369.5358.0352.3337.5346.9363.4392.9398.8426.8437.6457.8457.2470.9473.7485.4

Struc-tures

54.714.325.228.533.420.915.620.427.050.947.550.549.352.856.557.362.364.969.475.575.270.671.976.177.781.381.687.9

101.8108.0105.4108.0112.9111.1107.3109.5117.7115.2102.8104.4108.3119.3130.6136.2148.8143.3129.7148.7165.7151.0144.7139.3

- 138.3129.3125.4128.6135.4138.8148.5151.6156.0163.2165.3165.8168.4

Produc-ers'

durableequip-ment

38.411.528.036.543.226.523.832.147.254.774.276.965.571.275.273.377.772.781.784.985.973.381.783.380.588.995.1

107.0125.8142.4139.6146.5156.8152.9151.0167.5199.6202.7178.4186.2215.7242.8258.8243.0246.4223.4230.5281.6306.1235.9224.9218.7214.1208.2221.4234.7257.5260.0278.3286.0301.9293.9305.6307.9317.0

Residen-tial

35.47.7

28.932.534.417.310.49.0

10.744.757.268.663.686.772.671.273.879.892.484.479.381.0

100.293.393.6

102.2113.9115.3114.2103.2100.6116.2115.4109.3141.3166.6163.4130.2114.9140.8168.1178.0170.8137.0126.5105.1148.7168.3171.5101.2103.4100.1115.8127.2145.8161.6160.4166.6170.0170.8166.0166.7169.6173.1176.7

Change inbusinessinvento-

ries

10.8-10.7

3.914.427.812.0

.7-5.2-8.427.9

-1.012.3

-9.724.230.810.02.8

-4.816.312.93.0

-3.416.57.77.3

16.216.615.725.236.928.821.025.1

8.219.621.840.033.3

-12.822.129.136.815.0

-6.923.9

-24.5-5.562.7

7.3-24.0-5.4-9.4

-59.3-42.2-3.7

1.422.683.666.064.936.115.815.1

-1.8.1



TABLE B-2.—Gross national product in 1982 dollars, 1929-85—Continued

[Billions of 1982 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

1929193319391940194119421943194419451946194719481949195019511952195319541955 .1956 ,195719581959196019611962196319641965196619671968196919701971.1972197319741975197619771978197919801981198219831984 . .1985 '1982:1

III l lIV

1983: 1I II!)IV

1984- 1I II l lIV

1985:1||I I IIV

Net exports of goods andservices

Netexports

4.7-1.4

6.18.23.9

-7.7-23.0-23.8-18.9

27.042.419.218.84.7

14.66.9

-2.72.5

.04.37.0

-10.3-18.2-4.0-2.7-75-1.9

5.9-27

-13.7-16.9-29.7-34.9-30.0-39.8-49.4-31.5

.818.9

-11.0-35.5-26.8

3.657.049.426.3

-19.4-85.0

-105.140.441.711.711.722.5

-15.0-36.2-48.9-60.6-90.4-88.7

-100.2-71.8

-101.1-119.8-127.6

Exports

42.122.736.240.042.029.125.127.335.269.082.366.265.059.272.070.166.970.076.987.994.982.483.798.4

100.71069114.7128.81320138.4143,6155.7165.0178.3179.2195.2242.3269.1259.7274.4281.6312.6356.8388.9392.7361.9349.4370.9360.2374.1378.5359.5336.0342.8342.4353.1359.1362.7366.6376.9377.3368.7358.2353.5360.4

Imports

37.424.230.131.738.236.948.051.154.142.039.947.146.254.657.463.369.767.576.983.687.992.8

101.9102.4103.31144116.6122.81347152.1160.5185.3199.9208.3218.9244.6273.8268.4240.8285.4317.1339.4353.2332.0343.4335.6368.8455.9465.3333.7336.8347.8324.3320.3357.4389.3408.0423.3457.0465.6477.5440.5459.3473.3488.0

Government purchases of goods andservices

Total

94.298.5

144.1150.2235.6483.7708.9790.8704.5236.9179.8199.5226.0230.8329.7389.9419.0378.4361.3363.7381.1395.3397.7403.7427.14494459.8470.84870532.6576.2597.6591.2572.6566.5570.7565.3573.2580.9580.3589.1604.1609.1620.5629.7641.7647.8675.9715.4634.6629.7642.5660.1649.1648.2651.5642.2650.1677.1682.4693.9691.4699.4729.2741.7

Federal

Total

18.327.053.863.6

153.0407.1638.1722.5634.0159.391.9

106.1119.5116.7214.4272.7295.9245.0217.9215.4224.1224.9221.5220.6232.92493247.8244.22444273.8304.4309.6295.6268.3250.6246.0230.0226.4226.3224.2231.8233.7236.2246.9259.6272.7275.5292.5321.3267.0260.5273.8289.5279.2277.6277.4267.9271.4294.8296.7307.3304.3305.9331.1343.7

Nation-al

^de-fense

185.3171.0163.3161.1157.5159.2160.7164.3171.2180.3193.8207.3220.3236.0185.4191.6197.0201.4203.8206.9206.5211.8214.1219.6219.6227.9226.7231.5243.3242.6

Non-de-

fense

60.759.163.165.266.872.773.071.975.779.378.968.372.385.281.668.976.988.275.470.670.956.157.375.277.179.577.674.387.9

101.1

Stateandlocal

75.971.590.386.682.676.770.868.370.577.687.993.4

106.5114.2115.4117.3123.1133.4143.4148.3157.0170.4176.2183.1194.2200.1212.0226.6242.5258.8271.8288.0295.6304.3315.9324.7335.3346.8354.6356.0357.2370.4373.0373.6370.1369.0372.2383.3394.2367.7369.2368.6370.6369.9370.6374.1374.3378.6382.4385.7386.6387.1393.6398.1398.0

Finalsales

698.7509.2712.7758.5881.6

1,068.31,275.51,385.71,363.31,069.01,067.71,096.41,118.71,179.51,297.41,370.01,432.51,421.01,478.61,512.71,548.11,542.61,612.61,657.51,701.41,783.31,856.71,957.62,062.42,171.52,242.62,344.62,398.12,407.92,465.22,586.82,704.12,696.02,707.82,804.62,929.53,078.43,177.43,194.03,225.03,190.53,283.13,429.33,566.23,194.43,185.33,164.03,218.63,232.83,263.03,302.13,334.63,365.73,426.63,445.53,479.53,532.03,542.33,585.83,604.8


period

Grossnation-

alprod-uct

""-'2l7.97.8

17.718.818.18.2

-1.9-19.0-2.8

3.9.0

8.510.33.94.0

-1.35.62.11.7

-.85.82.22.65.34.15.35.85.82.94.12.4-.32.85.05.2

-.5-1.3

4.94.75.32.5-.21.9

-2.53.56.52.3

-5.91.2

-3.2.6

4.08.95.56.7

11.45.12.1

.63.71.13.02.4

Finalsales

""-Ti6.36.4

16.221.219.48.6

-1.6-21.6

-.12.72.05.4

10.05.64.6-.84.12.32.3

-.44.52.82.64.84.15.45.45.33.34.52.3

.42.44.94.5-.3

.43.64.55.13.2.5

1.0-1.1

2.94.54.0

-1.7-1.1-2.6

7.11.83.84.94.03.87.42.24.06.21.25.02.1

Source: Department of Commerce, Bureau of Economic Analysis.

255


TABLE B-3.—Implicit price deflators for gross national product, 1929-85

[Index numbers, 1982 = 100, except as noted; quarterly data seasonally adjusted]

Year or quarter

192919331939 . . .1940194119421943 . .194419451946194719481949195019511952.. .195319541955 .1956195719581959196019611962196319641965196619671968196919701971197219731974 . . .19751976197719781979198019811982.. .198319841985 »1982:1

III I IIV

1983- !11I l lIV

1984: 1I IHiIV

1985: II II l lIV


14.611.212.713.013.814.715.115.315.719.422.123.623.523.925.125.525.926.327.228.129.129.730.430.931.231.932.432.933.835.035.937.739.842.044.446.549.554.059.363.167.372.278.685.794.0

100.0103.8108.1111.7

98.299.4

100.8101.7102.4103.2104.1105.3106.6107.6108.6109.6110.4111.3112.1113.0

Personal consumptionexpenditures

Total

16.412.113.914.115.216.818.419.420.222.024.325.725.626.227.828.429.029.129.530.131.031.632.332.933.333.934.435.035.636.737.639.341.042.944.946.749.654.859.262.666.771.678.286.694.6

100.0103.9108.2111.698.399.2

100.7101.8102.4103.4104.3105.4106.7107.6108.7109.6110.3111.3111.9113.1

Durablegoods

22.916.818.719.220.922.023.325.427.733.036.137.136.938.140.040.140.839.440.141.242.942.844.244.444.845.746.347.047.147.548.350.151.452.754.755.556.660.465.969.572.776.982.189.295.7

100.0102.1103.9104.7

98.999.9

100.4100.7101.3101.6102.4103.1103.4103.9104.1104.2104.9104.8104.6104.3

Non-durablegoods

17.812.214.214.315.518.220.621.622.224.026.928.527.727.830.130.530.430.430.230.631.532.232.633.133.533.834.334.735.336.637.539.040.942.744.245.849.757.261.563.867.171.980.089.496.9

100.0102.0105.4107.7

99.299.3

100.5101.0100.7101.9102.4103.1104.5104.8105.5106.6106.7107.5107.6109.0

Services

13.811.412.812.913.514.315.116.016.517.318.619.720.521.122.223.324.625.325.926.727.628.529.330.230.731.432.032.533.234.235.336.838.640.743.145.147.451.355.659.864.869.875.683.992.6

100.0105.7111.5116.8

97.498.9

100.9102.7103.9105.0106.2107.8109.2110.8112.5113.5114.7116.1117.4118.9

Gross private domestic investment l

Fixed investment

Total

11.69.4

11.111.512.413.213.814.214.516.719.821.722.222.924.625.025.525.626.327.829.028.929.329.729.729.930.130.431.132.433.434.837.239.041.243.245.650.356.960.765.671.978.986.394.2

100.099.9

101.4102.899.1

100.0100.7100.3100.699.399.899.8

100.2101.3101.8102.1102.4102.6103.0103.2

Nonresidential

Total

11.89.8

11.511.912.713.313.814.014.316.419.321.021.722.424.224.425.125.225.827.729.529.530.230.630.530.931.331.532.133.334.435.937.939.942.444.446.050.557.961.966.171.577.885,193.4

100.098.999.4

100.898.799.9

100.8100.7100.198.998.398.498.899.299.6

100.1100.5100.7101.0101.1

Struc-tures

10.07.68.89.09.7

10.711.411.612.314.517.118.918.618.821.121.321.821.421.824.125.224.825.025.225.025.225.525.926.928.229.130.432.935.238.140.643.749.554.757.661.667.976.283.693.1

100.097.299.3

102.699.5

100.3100.7

99.598.796.996.996.497.298.999.8

100.8101.8102.7102.8103.1

Pro-ducers'

dur-able

equip-ment

14.312.513.914.214.915.315.415.615.418.220.722.524.025.026.426.927.728.629.331.033.334.034.735.635.936.136.236.236.437.238.439.941.543.245.546.847.351.159.764.468.373.378.686.093.7

100.099.999.599.998.299.7

100.8101.5101.1100.099.199.599.699.399.599.799.899.6

100.1100.0

Residen-tial

11.28.1

10.510.911.912.813.814.915.817.521.122.823.023.725.426.126.326.427.027.928.028.028.028.228.228.328.228,529.029.930.932.535.637.039.041.244.849.854.258.064.672.681.489.496.6

100.0102.2106.4108.2100.5100.2100.499.1

102.0100.3103.2103.1103.6106.5107.6107.9107.7107.9108.2109.0


256


TABLE B-3.—Implicit price deflators for gross national product, 1929-85—Continued

[Index numbers, 1982 = 100, except as noted; quarterly data seasonally adjusted]

Year or quarter

1929193319391940 . . . .194119421943194419451946194719481949195019511952195319541955195619571958195919601961 . . .1962196319641965196619671968196919701971 . ..197219731974197519761977197819791980 . . . .19811982198319841985"1982- 1

I I ,I l lIV

1983:1III I IIV

1984- 1III l lIV

1985:1||I I II V "

Exports andimports of goods

and services 1

Exports

16.810.712.713.614.617.218.520.221.122.024.626.525.224.427.427.427.026.927.528.629.729.629.930.430.931.031.131.432.533.734.535.236.638.740.441.747.156.362.164.868.072.881.690.297.5

100.0101.4103.7102.899.7

100.1100.1100.0100.5100.8101.5102.7103.5104.3103.8103.2102.9103.1102.7102.6

Imports

15.98.6

11.311.612.313.113.614.114.617.420.922.421.222.526.725.324.124.123.523.823.822.723.123.423.122.923.624.124.725.726.226.627.429.030.232.035.550.454.155.759.865.877.196.0

101.6100.0

97.597.495.6

101.4100.099.399.398.797.297.097.197.598.097.396.795.895.795.395.7

Government purchases of goods and services

Total

9.48.49.49.5

10.612.412.512.311.812.314.716.317.316.818.319.419.820.120.821.922.924.124.624.925.426.326.927.628.529.831.233.135.138.141.043.847.152.257.761.565.870.476.885.593.4

100.0104.3109.0113998.099.4

100.7101.8103.1104.0104.5105.7107.1108.6109.5110.7112.4113.6114.2115.1

Federal

Total

8.18.09.79.7

11.112.812.812.411.812.014.816.317.616.318.019.319.619.720.621.522.524.224.624.725.025.926.527.228.129.430.532.333.836.839.843.046.251.357.160.865.269.275.484.393.3

100.0103.4107.0110.298.599.6

100.5101.3102.8103.4103.1104.2105.2106.8107.3108.3109.9110.4110.2110.1

Nationaldefense

41.845.350.655.659.363.467.874.283.492.9

100.0104.0107.6111.098.399.4

100.2102.0102.7103.7104.5105.3106.6107.4107.6108.6110.1110.6110.9112.3

Non-defense

46.848.953.360.664.369.172.478.086.494.3

100.0101.3105.1107.999.0

100.2101.599.5

103.1102.699.0

100.199.9

105.0106.7107.5109.4110.0108.1105.0

Stateandlocal

9.78.69.29.39.7

10.210.611.211.612.814.516.316.917.318.919.720.220.721.222.423.524.024.625.225.926.727.428.028.830.232.033.936.339.241.944.447.852.858.162.066.171.177.786.293.4

100.0105.0110.6116.997.799.2

100.9102.2103.3104.4105.6106.7108.5109.9111.2112.7114.4116.1117.5119.4

Finalsales

14.611.312.813.013.714.715.215.315.719.322.123.423.523.924.925.425.926.327.128.029.029.730.430.931.231.932.432.933.734.935.937.739.842.044.446.549.554.159.263.067.272.178.585.893.9

100.0103.8108.1111.798.299.3

100.8101.7102.4103.3104.2105.2106.5107.6108.7109.6110.4111.4112.0113.0


period2

GNPimplicit

pricedeflator

-2.2-.82.06.26.62.61.42.9

22.913.97.0

-.52.04.81.51.61.63.23.43.62.12.41.61.02.21.61.52.73.62.65.05.65.55.74.76.59.19.86.46.77.38.99.09.76.43.84.13.36.45.05.83.62.83.23.54.75.03.83.83.73.03.32.93.3

Finalsales

implicitprice

deflator

-2.5-.91.56.07.23.01.12.6

22.514.66.1

.51.34.42.11.81.62.83.43.72.32.41.61.02.21.61.52.43.62.95.05.65.55.74.76.59.39.46.46.77.38.99.39.46.54.04.23.35.94.66.23.62.83.63.53.95.04.24.23.43.03.72.2'3.6

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.

257


TABLE B-4.—Fixed-weighted price indexes for gross national product, 1982 weights, 1959-85

[Index numbers, 1982=100, except as noted; quarterly data seasonally adjusted]

Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985 P

1982: IIIIll . . .IV

1983- 1I II l lIV

1984: I||I l lIV

1985:1||I I IIV


37.6

38.138.438.739.1396

40.141.142.143.745.6

47.248.850.353.157.2

61.865.168.472.778.8

86.194.1

100.0104.0108.5

112.4

98.299.4

100.7101.7

102.5103.5104.5105.6

106.9108.1109.1110.0

110.9111.9112.7113.9

Personalcon-

sumptionexpendi-

tures

35.2

35.736.136.436.8372

37.738.539.541.042.8

44.746.648.351.055.8

60.163.567.572.278.6

86.894.6

100.0104.0108.5

112.2

98.399.1

100.7101.8

102.4103.5104.5105.6

106.9107.9109.0110.0

110.7111.8112.5113.8

Gross private domesticinvestment1

Fixed investment

Total

58.0

58.158.058.058.0582

58.559.360.261.463.2

61.560.659.861.864.4

69.071.472.674.580.3

86.994.5

100.0100.3102.0

103.9

99.2100.0100.6100.2

100.699.7

100.4100.4

100.6101.7102.5103.0

103.3103.6104.1104.6

Nonresi-dential

65.9

66.166.066.166.2664

66.767.468.469.571.0

68.466.665.066.668.5

73.175.274.975.080.1

86.193.9

100.099.7

100.7

102.7

98.8100.0100.7100.5

100.299.599.699.5

99.7100.4101.1101.6

102.0102.4102.9103.3

Residen-tial

30.2

30.330.229.929.5296

30.030.831.633.136.0

37.439.541.645.150.1

54.658.464.872.581.2

89.496.6

100.0102.3106.4

108.2

100.5100.2100.499.1

102.0100.4103.2103.3

103.8106.4107.5107.8

107.7107.9108.2108.9

Exports andimports of goods

and services1

Exports

32.8

33.534.034.134.4348

35.937.138.239.340.9

43.345.346.550.859.8

65.467.470.374.582.9

90.597.7

100.0101.6104.6

104.4

99.7100.1100.1100.0

100.6101.0101.8103.2

104.0105.1104.8104.4

104.4104.6104.2104.3

Imports

27.0

27.327.026.727.1111

28.129.129.530.131.2

33.435.637.842.454.5

59.761.366.171.380.9

96.3101.5100.097.797.6

95.8

101.4100.099.399.3

98.797.497.597.5

97.798.197.697.1

95.995.995.595.9

Government purchases ofgoods and services

Total

25.8

26.427.027.828.5293

30.031.332.734.536.6

39.642.345.248.853.5

58.662.266.070.977.3

86.394.1

100.0104.7109.6

114.5

98.199.4

100.5102.0

103.1104.2105.2106.3

108.0109.3109.9111.0

112.7113.8114.8116.6

Federal

Total

26.9

27.327.828.429.3301

30.832.032.834.536.4

39.542.446.050.154.8

59.462.465.870.676.8

86.494.9

100.0104.2107.9

110.9

98.799.6

100.0101.7

102.7103.8104.5105.6

107.2108.1107.8108.4

109.9110.1110.6112.3

Nationaldefense

44.347.451.4

56.559.763.568.675.1

84.793.8

100.0103.8107.6

111,3

98.599.6

100.1101.8

102.4103.7104.1105.1

106.7107.8107.5108.3

110.2110.5111.1113.1

Non-defense

50.556.963.3

66.669.071.575.581.0

90.697.4

100.0105.0108.6

109.9

99,299.799.7

101.4

103.3104.1105.7106.9

108.3108.8108.7108.5

109.1109.2109.1110.2

Stateandlocal

249

25.726.427.327.928.5

29.330.632.534.436.7

39.642.244.647.852.6

57.962.066.271.277.7

86.293.5

100.0105.1110.8

117.3

97.799.2

100.9102.2

103.3104.4105.7106.8

108.6110.1111.4112.9

114.7116.5117.9119.9

Percentchange

frompreced-

ing,period,gross

nationalproductfixed-

weight-ed priceindex2

1.3.7.8

1.01.2

1.42.52.63.74.4

3.63.52.95.57.8

8.05.35.16.28.5

9.39.36.24.04.3

3.6

5.74.75.54.0

3.23.84.04.3

5.14.33.73.5

3.5-3.62.74.5

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.

258


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

measures, 1933-85

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

Year or quarter

19331939

1940194119421943194419451946 .. . . . .194719481949

1950 .195119521953195419551956195719581959

I960196119621963.. . . . .196419651966196719681969

1970197119721973197419751976. . .197719781979

198019811982198319841985 p

1982- 1I II l lIV

1983- 1IIIllIV

1984- 1III l lIV

1985:1||I I IIV P

Gross national product

Currentdollars

-427.0

10.025.026.621.29.7

.9-.510.811.2-.5

10.715.75.55.7

.29.05.55.31.38.5

3.93.67.65.67.18.59.55.89.38.0

5.48.6

10.012.18.38.5

11.511.713.011.5

8.911.73.77.4

11.05.8

-.26.22.54.2

7.212.38.9

11.8

17.09.16.04.3

6.94.55.85.9

Con-stant

(1982)dollars

217.9

7.817.718.818.18.2

-1.9-19.0-2.8

3.9.0

8.510.33.94.0

-1.35.62.11.7

85.8

2.22.65.34.15.35.85.82.94.12.4

-.32.85.05.2-.5

-1.34.94.75.32.5

_ 2L9

-2.53.56.52.3

-5.91.2

-3.2.6

4.08.95.56.7

11.45.12.1

.6

3.71.13.02.4

Implicitprice

deflator

-22-.8

2.06.26.62.61.42.9

22.913.97.0

_ 5

2.04.81.51.61.63.23.43.62.12.4

1.61.02.21.61.52.73.62.65.05.6

5.55.74.76.59.19.86.46.77.38.9

9.09.76.43.84.13.3

6.45.05.83.6

2.83.23.54.7

5.03.83.83.7

3.03.32.93.3

Chainpriceindex

1.52.81.31.41.51.83.12.94.35.1

5.35.24.35.8

13.99.95.86.56.98.0

9.19.56.44.04.23.5

5.46.45.73.8

3.22.84.72.9

4.86.13.83.9

3.53.62.53.9

Fixed-weight-ed price

index(1982

weights)

1.3.7.8

1.01.21.42.52.63.74.4

3.63.52.95.57.88.05.35.16.28.5

9.39.36.24.04.33.6

5.74.75.54.0

3.23.84.04.3

5.14.33.73.5

3.53.62.74.5


Currentdollars

-574.6

6.013.89.7

12.28.8

10.520.412.58.01.9

7.78.35.36.23.17.54.95.43.37.4

4.63.16.15.57.27.78.35.59.78.2

7.08.19.5

10.59.5

10.511.511.311.611.6

10.610.57.18.78.76.6

7.65.68.5

10.3

5.612.58.49.4

9.49.84.16.9

7.46.26.84.2

Con-stant

(1982)dollars

-165.1

4.65.7

72.33.26.4

10.51.82.32.0

5.42.13.04.02.56.23.02.21.45.0

2.62.04.33.75.65.65.13.05.13.6

2.43.15.44.2-.92.35.44.44.12.2

-.21.21.34.64.43.2

2.21.92.15.3

3.48.04.75.0

4.25.9

.13.4

4.82.64.6

-.2

Implicitprice

deflator

-42-.5

1.37.7

10.49.65.43.98.9

10.65.6-.1

2.26.12.22.1

.61.31.93.21.82.2

1.91.21.81.51.71.73.12.54.54.3

4.64.74.06.2

10.58.05.76.57.39.2

10.79.25.73.94.13.1

5.53.76.24.4

2.44.03.54.3

5.03.44.23.4

2.63.72.24.4

Chainpriceindex

1.61.11.11.41.21.52.72.54.04.4

4.74.33.66.0

10.38.05.76.47.29.2

10.99.25.74.04.23.4

5.23.66.34.8

2.24.23.74.4

5.13.74.13.6

2.73.72.44.7

Fixed-weight-ed price

index(1982

weights)

1.5.9.9

1.11.21.22.22.53.84.3

4.64.23.55.79.47.75.66.37.08.8

10.59.05.64.04.33.4

5.23.56.34.8

2.34.23.84.4

5.23.84.23.6

2.73.82.64.7


259


TABLE B-6.—Gross national product by major type of product, 1929-85

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

Year orquarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985 "

1982:1IIIllIV

1983:1IIIllIV

1984:1IIIllIV

1985:1IIIllIV ".


103.956.091.3

100.4125.5159.0192.7211.4213.4212.4235.2261.6260.4

288.3333.4351.6371.6372.5405.9428.245-1.0456.8495.8

515.3533.8574.6606.9649.8705.1772.0816.4892.7963.9

1,015.51,102.71,212.81,359.31,472.81,598.41,782.81,990.52,249.72,508.2

2,732.03,052.63,166.03,401.63,774.73,992.5

3,112.63,159.53,179.43,212.5

3,268.73,365.13,437.53,535.0

3,676.53,757.53,812.23,852.5

3,917.53,960.64,016.94,075.1

Finalsales

102.257.690.9

98.3121.0157.2193.4212.3214.4206.0235.7256.9263.4

281.4323.2348.6371.1374.1400.2423.6449.6458.3490.0

512.3531.4568.5601.1644.4695.2757.8806.1884.8954.1

1,012.31,094.91,202.31,339.71,457.41,604.11,766.81,969.22,221.02,495.2

2,740.33,028.63,190.53,408.03,707.63,983.4

3,136.73,164.53,188.43,272.4

3,311.43,370.63,440.33,509.5

3,584.43,688.73,743.93,813.5

3,899.03,945.04,016.74,073.0

Inven-tory

change

1.7-1.6

.4

2.24.51.8-.6-1.0-1.06.4_ 54'. 7

-3.1

6.810.23.1.4

-1.65.74.61.4

-1.55.8

3.12.46.15.85.49.914.210.37.99.8

3.17.810.519.615.4-5.616.021.328.613.0

-8.324.0

-24.5-6.467.19.1

-24.1-5.0-9.0-59.9

-42.7-5.5-2.825.5

92.168.968.339.0

18.515.5

.22.1

Goods

Total

Total

56.127.049.0

56.072.593.7120.4132.3128.9125.3139.8154.4147.7

162.4189.9195.5204.6198.0216.3225.4234.7230.5250.8

257.2260.4281.5293.2313.5342.9380.1395.1427.4456.6

467.8493.0537.4616.4663.1714.7798.9882.0991.4

1,099.1

1,174.91,322.91,319.11,394.71,585.81,644.2

1,310.71,329.91,326.21,309.8

1,328.41,385.01,399.91,465.3

1,558.11,585.41,595.81,604.0

1,628.41,636.01,650.81,661.8

Finalsales

54.428.648.6

53.868.091.9121.0133.3129.9118.9140.3149.7150.8

155.6179.6192.4204.2199.6210.6220.7233.3232.0245.1

254.1258.0275.4287.4308.1333.0365.9384.9419.5446.8

464.7485.2526.9596.8647.7720.3782.9860.7962.8

1,086.1

1,183.21,298.91,343.71,401.11,518.81,635.2

1,334.81,335.01,335.21,369.7

1,371.11,390.51,402.71,439.8

1,466.01,516.51,527.51,565.0

1,609.81,620.51,650.61,659.7

Inven-tory

change

1.7-1.6

.4

2.24.51.8-.6-1.0-1.06.4-.54.7

-3.1

6.810.23.1.4

-1.65.74.61.4

-1.55.8

3.12.46.15.85.49.914.210.37.99.8

3.17.810.519.615.4-5.616.021.328.613.0

-8.324.0

-24.5-6.467.19.1

-24.1-5.0-9.0-59.9

-42.7-5.5-2.825.5

92.168.968.339.0

18.515.5

.22.1

Durable goods

Finalsales

16.15.412.4

15.423.834.554.258.550.131.844.448.050.0

56.266.472.678.074.181.786.291.784.891.1

93.893.1103.4110.0119.6132.4147.9154.5169.1180.1

182.1189.4209.7241.9257.2288.2323.6369.4416.9473.1

499.4541.1542.9573.2642.5704.6

537.7539.5542.6551.8

542.4566.3576.4607.4

618.5637.6641.4672.6

689.4704.0721.2703.7

Inven-tory

change

1.4-.5

.3

1.23.11.0.0

-.6-1.35.31.41.0

-1.8

3.66.11.21.5

-2.53.42.1.5

-2.83.1

1.6-.13.42.74.06.710.25.54.76.4

_ }2'.87.215.011.2-7.010.39.7

20.110.3

-2.96.8

-16.8-.937.07.9

-14.6-4.1-5.7-42.7

-28.9-.912.913.5

43.236.139.429.3

16.91.8

-6.419.1

Nondurable goods

Finalsales

38.323.236.2

38.444.257.466.874.879.887.195.9101.7100.9

99.4113.2119.8126.2125.5128.9134.5141.6147.2154.0

160.3164.8172.0177.4188.5200.6218.1230.4250.4266.7

282.6295.8317.2354.9390.4432.2459.3491.3545.9613.0

683.8757.8800.8827.9876.2930.6

797.1795.5792.7817.9

828.7824.2826.3832.4

847.4878.9886.1892.5

920.5916.5929.4956.0

Inven-tory

change

0.3-1.1

.1

1.01.4.7

-.6_ 3

'.21.1

-1.93.7

-1.3

3.24.21.9

-1.1.92.32.5.91.32.6

1.42.52.73.11.43.24.04.83.23.4

3.24.93.34.64.31.35.7

11.68.62.7

-5.417.2-7.7-5.530.11.2

-9.5-.9-3.3-17.2

-13.9-4.7-15.7

12.1

48.932.828.99.7

1.613.76.6

-17.0

Services

35.925.934.5

35.840.950.963.272.477.370.572.778.083.0

89.0104.4115.2123.4128.5138.5148.9161.6170.9183.5

197.4210.9226.4242.2261.1280.5307.2334.9368.0402.3

441.1484.9533.2586.6650.6725.2803.5895.9

1,003.01,121.9

1,265.01,415.41,547.51,678.01,806.61,928.8

1,499.11,530.31,561.61,598.9

1,632.21,662.51,693.31,724.1

1,757.91,789.21,823.81,855.6

1,887.61,908.21,939.91,979.4

Struc-tures

11.93.17.8

8.612.114.49.26.67.216.622.829.229.6

36.939.140.943.646.051.153.954.855.561.5

60.762.566.771.575.281.784.686.497.2105.1

106.5124.8142.1156.3159.1158.5180.4212.6255.3287.1

292.0314.4299.4328.9382.2419.5

302.8299.3291.6303.9

308.0317.6344.3345.6

360.5383.0392.6392.9

401.5416.3426.2433.9

Autooutput

7.28.811.9

15.413.312.016.114.721.216.919.414.519.4

21.317.822.425.125.931.130.227.835.034.7

28.538.941.446.038.840.355.264.368.366.9

60.169.466.588.9

103.4113.6

58.768.474.464.5

79.479.696.0100.5

111.895.0100.5106.3

119.4107.7117.5109.9


260


TABLE B-7.—Gross national product by major type of product in 1982 dollars, 1929-85

[Billions of 1982 dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985"

1982:1I II l lIV

1983:1I II l lIV

1984:1I II l lIV

1985:1I II l lIV ".

.


709.6498.5716.6

772.9909.4

1,080.31,276.21,380.61,354.81,096.91,066.71,108.71,109.0

1,203.71,328.21,380.01,435.31,416.21,494.91,525.61,551.11,539.21,629.1

1,665.31,708.71,799.41,873.31,973.32,087.62,208.32,271.42,365.62,423.3

2,416.22,484.82,608.52,744.12,729.32,695.02,826.72,958.63,115.23,192.4

3,187.13,248.83,166.03,277.73,492.03,573.5

3,170.43,179.93,154.53,159.3

3,190.63,259.33,303.43,357.2

3,449.43,492.63,510.43,515.6

3,547.83,557.43,584.13,605.0

Finalsales

698.7509.2712.7

758.5881.6

1,068.31,275.51,385.71,363.31,069.01,067.71,096.41,118.7

1,179.51,297.41,370.01,432.51,421.01,478.61,512.71,548.11,542.61,612.6

1,657.51,701.41,783.31,856.71,957.62,062.42,171.52,242.62,344.62,398.1

2,407.92,465.22,586.82,704.12,696.02,707.82,804.62,929.53,078.43,177.4

3,194.03,225.03,190.53,283.13,429.33,566.2

3,194.43,185.33,164.03,218.6

3,232.83,263.03,302.13,334.6

3,365.73,426.63,445.53,479.5

3,532.03,542.33,585.83,604.8

Inven-tory

change

10.8-10.7

3.9

14.427.812.0

.7-5.2-8.427.9

-1.012.3

-9.7

24.230.810.02.8

-4.816.312.93.0

-3.416.5

7.77.3

16.216.615.725.236.928.821.025.1

8.219.621.840.033.3

-12.822.129.136.815.0

-6.923.9

-24.5-5.562.7

7.3

-24.0-5.4-9.4

-59.3

-42.2-3.7

1.422.6

83.666.064.936.1

15.815.1

-1.8.1

Goods

Total

Total

308.1210.0331.7

370.3431.9504.1608.6664.6639.1521.0517.1531.7517.9

561.4623.0641.3676.6643.5683.9697.1699.3674.2716.6

726.8730.2773.5797.5845.2904.0974.7993.1

1,024.81,048.5

1,030.01,037.61,093.81,175.01,159.21,125.01,194.71,256.21,329.11,354.6

1,344.21,386.01,319.11,364.41,506.41,537.0

1,327.71,335.01,316.01,297.9

1,314.61,358.81,370.11,414.3

1,489.01,511.61,514.41,510.5

1,530.31,531.51,541.01,545.0

Finalsales

297.3220.7327.8

355.9404.2492.1607.9669.8647.5493.1518.1519.4527.6

537.2592.2631.3673.8648.2667.6684.1696.3677.6700.1

719.1723.0757.3780.8829.5878.8937.8964.3

1,003.71,023.3

1,021.71,017.91,072.11,135.01,125.91,137.81,172.51,227.11,292.41,339.6

1,351.11,362.21,343.71,369.91,443.71,529.6

1,351.71,340.51,325.41,357.1

1,356.81,362.51,368.71,391.6

1,405.41,445.51,449.51,474.4

1,514.61,516.31,542.71,544.9

Inven-tory

change

10.8-10.7

3.9

14.427.812.0

.7-5.2-8.427.9

-1.012.3

-9.7

24.230.810.02.8

-4.816.312.93.0

-3.416.5

7.77.3

16.216.615.725.236.928.821.025.1

8.219.621.840.033.3

-12.822.129.136.815.0

-6.923.9

-24.5-5.562.7

7.3

-24.0-5.4-9.4

-59.3

-42.2-3.7

1.422.6

83.666.064.936.1

15.815.1

-1.8.1

Durable goods

Finalsales

85.834.974.8

91.9122.9163.3254.4292.4263.1129.6164.7166.5166.8

180.0208.8229.8245.4230.6245.2248.3251.3229.1236.8

242.2239.2260.2273.4295.4322.2354.2363.6378.5389.7

381.7375.5409.4474.9476.0471.1490.9534.0572.5604.6

584.0578.5542.9562.9619.9672.0

548.5541.6537.7543.8

533.5558.6567.2592.2

600.5616.6617.6644.8

657.2672.6686.4672.0

Inven-tory

change

3.5-2.1

.7

3.48.23.5

.7-1.8-3.710.8

1.41.6

-2.9

5.59.01.72.3

-3.74.52.9

.9-3.4

8.2

4.0-.18.47.1

11.217.426.314.411.815.2

-.57.1

15.430.820.0

-11.415.914.227.513.3

-3.26.9

-16.8-1.135.5

7.2

-14.8-4.1-5.9

-42.4

-28.4-1.012.113.0

41.435.037.927.9

15.81.6

-6.117.4

Nondurable goods

Finalsales

211.5185.7253.1

264.0281.2328.8353.5377.4384.4363.5353.4353.0360.8

357.1383.4401.5428.4417.7422.3435.8445.0448.6463.4

476.9483.7497.1507.4534.1556.5583.6600.7625.3633.6

640.1642.4662.7660.1649.9666.7681.7693.1719.9735.1

767.1783.7800.8807.1823.9857.6

803.2798.8787.7813.4

823.3803.9801.5799.4

804.9829.0832.0829.6

857.3843.8856.3872.9

Inven-tory

change

1.6-2.5

2.1

4.26.05.2

.7-1.2-1.5

.8-3.6

8.3-3.8

11.411.95.3

-2.22.55.85.61.53.68.3

3.77.37.79.54.57.8

10.614.49.39.9

8.812.56.49.2

13.3-1.4

6.314.99.31.7

-3.716.9

-7.7-4.427.1

.2

-9.2-1.3-3.6

-16.9

-13.8-2.7

-10.79.7

42.231.027.0

8.2

-.113.54.4

-17.2

Services

290.0252.1306.4

318.1367.1460.4598.9665.0662.3472.0431.0438.1450.1

470.4537.7567.3577.6579.5601.0619.7645.4654.7681.5

709.9743.0777.0811.5852.8891.6942.7990.6

1,032.01,066.9

1,092.41,126.11,169.41,218.71,256.41,286.41,324.41,368.71,426.91,478.6

1,511.11,533.41,547.51,584.41,615.41,642.1

1,539.91,546.21,548.31,555.5

1,569.11,579.51,590.91,598.0

1,603.21,609.61,618.71,630.1

1,636.01,633.91,643.41,655.4

Struc-tures

111.436.578.5

84.5110.3115.868.750.953.5

104.0118.6138.9141.0

171.9167.5171.4181.2193.2210.0208.9206.5210.3231.0

228.5235.4248.9264.4275.3292.0291.0287.6308.8307.9

293.8321.2345.4350.4313.7283.6307.6333.7359.1359.2

331.8329.4299.4328.8370.2394.4

302.8298.6290.3305.9

306.9321.0342.5345.0

357.1371.5377.2375.0

381.5392.0399.7404.6

Autooutput

24"l27.635.5

44.938.334.944.843.358.245.848.337.445.7

49.641.149.854.655.366.964.858.370.567.6

53.169.873.982.065.461.880.188.787.380.2

67.173.366.586.097.3

104.0

59.068.575.363.3

77.977.794.194.4

105.390.394.599.1

109.499.0

108.499.1


261


TABLE B-8.—Gross national product by sector, 1929-85


Year or quarter

192919331939

1940194119421943194419451946 .194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

19701971197219731974.. .197519761977 .19781979

1980198119821983. .19841985"

1982:1I II l lIV

1983:1I II l lIV

1984:1I II I IIV

1985- 1I II l lI V "


103.956.091.3

100.4125.5159.0192.7211.4213.4212.4235.2261.6260.4

288.3333.4351.6371.6372.5405.9428.2451.0456.8495.8

515.3533.8574.6606.9649.8705.1772.0816.4892.7963.9

1,015.51,102.71,212.81,359.31,472.81,598.41,782.81,990.52,249.72,508.2

2,732.03,052.63,166.03,401.63,774.73,992.5

3,112.63,159.53,179.43,212.5

3,268.73,365.13,437.53,535.0

3,676.53,757.53,812.23,852.5

3,917.53,960.64,016.94,075.1

Gross domestic product

Total

103.255.790.9

100.1125.0158.5192.3210.9213.0211.6234.1260.1259.0

286.7331.4349.4369.5370.3403.3425.2447.7453.9492.7

511.8530.0570.1602.0644.4699.3766.3810.4885.9957.1

1,008.21,093.41,201.61,343.11,453.31,580.91,761.71,965.12,219.12,464.4

2,684.43,000.53,114.83,350.93,726.73,951.8

3,062.33,105.93,127.43,163.8

3,219.33,316.13,384.73,483.5

3,625.03,712.53,763.73,805.6

3,874.73,920.43,977.24,034.9

Business1

Total *

96.049.381.0

89.8113.0140.4163.4174.9173.5184.8211.3236.4232.9

259.0296.7310.7329.3329.1359.4378.1397.3399.4435.5

449.9463.9499.1526.0562.1610.7666.7699.7762.0820.1

856.3927.4

1,020.01,145.01,237.51,341.21,500.71,682.11,908.42,125.3

2,306.82,582.82,658.22,862.13,203.13,392.0

2,618.92,653.22,667.12,693.6

2,740.72,830.92,892.52,984.2

3,112.63,192.63,236.73,270.6

3,327.83,365.53,414.23,460.4

Nonfarm l

84.843.673.0

82.0103.4128.0149.8156.9153.5165.2189.3214.4213.3

238.3271.1286.7306.3306.7338.8361.4380.1378.8417.9

432.5445.0478.6506.2544.3590.0641.7677.8740.4798.8

831.2897.5988.8

1,098.31,190.01,288.41,448.71,631.71,850.02,054.5

2,236.42,498.92,581.32,802.03,124.43,322.0

2,548.82,575.92,592.72,607.7

2,670.62,767.22,842.52,927.6

3,027.33,112.63,157.33,200.7

3,251.33,301.53,346.93,388.3

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

20.220.220.420.519.321.922.822.222.725.2

26.328.132.851.049.250.348.550.460.371.8

65.579.8

• 77.060.880.269.2

74.976.277.779.0

71.559.454.357.8

82.581.978.677.6

74.068.764.769.5

Statis-tical

discrep-ancy

1.51.21.7

1.4.7

-.7-1.7

2.74.0

.71.8

-1.3.8

.82.71.82.62.71.8

-1.9-1.2-.1

-1.5

-2.8-1.2

.0-.6

-1.4-1.2

2.1-.4

-1.1-3.9

-1.11.8

-1.6-4.3-1.7

2.53.6

.0-1.9-1.0

4.94.1-.1-.6

-1.5.7

-4.81.0

-3.26.8

-1.44.3

-4.3-1.2

2.8-1.9

.8-7.6

2.5-4.7

2.52.5

House-holdsand

insti-tutions

2.91.72.3

2.42.52.93.23.74.14.55.15.65.9

6.56.97.27.88.19.19.9

10.611.512.4

13.914.515.616.717.919.321.323.426.129.5

32.435.639.043.047.252.057.162.470.278.6

89.3101.0112.7122.4131.9140.8

108.5111.2114.5116.9

118.9121.0123.7126.0

128.9131.1132.8134.9

136.9139.3141.9145.2

Government2

Total

4.44.77.6

7.89.5

15.225.632.335.322.417.618.120.1

21.227.731.532.433.034.837.239.843.044.8

48.151.655.459.364.469.378.487.497.8

107.5

119.5130.3142.6155.0168.7187.7203.8220.5240.5260.4

288.3316.7343.9366.4391.7419.0

334.9341.5345.8353.4

359.7364.2368.5373.3

383.6388.9394.3400.0

410.0415.6421.2429.3

Federal

0.91.23.5

3.55.1

10.721.027.330.016.210.39.6

10.7

11.116.619.319.118.319.019.620.221.421.7

22.623.625.226.528.530.034.337.841.944.9

48.451.154.957.161.166.570.975.581.786.9

96.1107.4117.0124.6132.1139.8

114.4116.0116.9120.7

123.1124.3125.0125.9

130.8131.6132.5133.5

138.3139.0139.5142.5

Stateandlocal

3.53.54.2

4.34.44.54.74.95.46.27.38.59.4

10.111.212.313.314.715.817.619.621.623.1

25.527.930.232.935.939.344.149.555.962.6

71.179.387.797.9

107.6121.1132.9145.0158.9173.5

192.2209.3226.9241.8259.6279.2

220.5225.5228.9232.6

236.5239.9243.4247.4

252.8257.3261.8266.5

271.7276.6281.6286.9

Restof theworld

0.8.3.4

.4

.5

.5

.4

.5

.4

.71.21.51.4

1.52.02.22.12.22.63.03.42.93.1

3.53.84.54.95.45.85.66.06.86.8

7.39.3

11.216.219.517.521.125.430.543.8

47.652.151.250.748.040.7

50.353.652.048.7

49.449.052.851.5

51.545.048.546.9

42.840.239.640.2

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

262


TABLE B-9.—Gross national product by sector in 1982 dollars, 1929-85


Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966..196719681969

1970197119721973,197419751976197719781979

198019811982198319841985"

1982: II IHIIV

1983:1I II l lIV. .

1984: I||I I IIV

1985- 1III l lIV"


709.6498.5716.6

772.9909.4

1,080.31,276.21,380.61,354.81,096.91,066.71,108.71,109.0

1,203.71,328.21,380.01,435.31,416.21,494.91,525.61,551.11,539.21,629.1

1,665.31,708.71,799.41,873.31,973.32,087.62,208.32,271.42,365.62,423.3

2,416.22,484.82,608.52,744.12,729.32,695.02,826.72,958.63,115.23,192.4

3,187.13,248.83,166.03,277.73,492.03,573.5

3,170.43,179.93,154.53,159.3

3,190.63,259.33,303.43,357.2

3,449.43,492.63,510.43,515.6

3,547.83,557.43,584.13,605.0


Total

704.6496.1713.5

770.3906.0

1,077.11,273.41,377.71,352.61,093.31,061.61,102.51,103.4

1,197.41,320.31,371.71,427.41,407.81,485.51,515.01,539.71,529.71,619.1

1,654.11,696.61,785.61,858.51,957.12,070.62,192.52,255.02,347.92,406.2

2,399.12,464.12,584.92,711.82,693.52,665.72,793.72,921.23,073.03,136.6

3,131.73,193.63,114.83,228.93,447.53,537.0

3,119.23,125.93,102.93,111.3

3,142.33,212.03,252.73,308.3

3,401.13,450.73,465.63,472.6

3,508.93,521.23,548.63,569.4

Business 1

Total *

611.6404.9586.8

635.5738.7832.9891.6934.3914.3866.3886.1925.4916.7

1,002.81,080.51,114.71,170.01,154.61,229.71,254.11,274.01,260.41,345.8

1,369.71,403.21,480.91,546.71,635.21,737.41,837.11,880.91,961.12,009.8

2,004.42,068.02,186.62,309.12,283.92,249.62,374.82,497.22,639.22,696.4

2,683.22,739.82,658.22,769.42,982.13,065.8

2,663.82,668.92,646.02,654.1

2,684.12,753.42,792.82,847.2

2,938.42,986.02,999.43,004.6

3,039.93,051.13,076.73,095.5

Nonf arm *

547.8338.7518.3

571.2675.8774.4841.6862.5839.3809.0828.6875.1858.5

941.41,014.91,050.91,101.31,084.21,161.51,199.61,219.01,199.71,291.6

1,317.21,346.71,421.11,488.71,581.61,681.81,776.51,824.21,908.31,962.1

1,946.42,001.42,128.02,256.62,226.52,180.62,306.62,434.92,581.02,633.2

2,613.12,659.62,581.32,707.42,912.32,991.9

2,591.82,593.22,573.22,567.1

2,612.02,683.62,743.22,790.7

2,867.52,916.42,925.92,939.2

2.964.62,981.83,000.83,020.2

Farm

54.156.656.4

54.658.162.459.257.253.754.049.955.255.0

58.356.057.259.360.962.060.758.861.258.8

61.160.259.859.857.759.054.757.755.757.2

60.762.362.061.160.764.862.562.261.064.6

64.275.777.062.671.273.3

76.974.776.080.3

73.565.653.857.7

68.371.472.872.5

73.073.573.773.0

Statisti-cal

discrep-ancy

9.79.6

12.1

9.74.8

-4.0-9.214.621.33.37.6

-4.93.2

3.19.76.59.49.56.262

-3.8-.546

87-3.7

.1-1.8-4.1-3.4

5.9-1.0

28-9.5-2.7

4.2-3.4-8.6-3.3

4.25.6.1

2 g-1.4

5.94.4

_ i-!6

-1.4.6

-4.91.0

-3.26.7

-1.44.2

-4.1-1.1

2.6-1.8

.7-7.0

2.3-4.2

2.32.3

House-holdsand

insti-tutions

34.427.133.3

35.835.836.934.334.334.435.437.941.242.4

45.046.146.247.748.453.256.157.760.762.7

67.468.070.772.574.677.480.483.185.688.2

87.088.891.293.493.996.497.098.0

101.0103.7

107.3109.9112.7114.5116.9120.2

111.4112.4113.4113.8

113.9114.0114.8115.4

115.7116.7117.1118.1

118.5119.4120.5122.2

Government 2

Total

58.664.093.4

99.0131.5207.4347.6409.1403.8191.6137.7135.8144.2

149.6193.7210.7209.7204.8202.6204.8208.0208.6210.6

217.1225.4233.9239.2247.3255.8275.0291.0301.2308.2

307.7307.4307.1309.3315.7319.6321.9326.0332.8336.5

341.2343.9343.9345.0348.5351.0

344.0344.6343.6343.5

344.4344.6345.1345.7

347.0347.9349.1349.9

350.4350.7351.4351.6

Federal

13.216.238.9

44.176.2

152.9294.6357.5350.7135.0

76.773.277.1

80.3122.8137.5133.2125.0119.2116.1114.5109.5107.5

108.9111.5116.7116.1116.8117.3128.1138.5140.7141.0

133.2125.5118.3113.6113.5112.8112.7112.7113.9113.0

114.4115.8117.0118.7120.3121.6116.4116.8117.3117.6

118.6118.7118.8118.7

119.5120.0120.6121.0

121.4121.5121.7121.8

Stateandlocal

45.347.954.6

55.055.354.452.951.753.256.661.062.667.1

69.371.073.376.579.883.488.793.599.2

103.1

108.2113.9117.3123.1130.5138.5146.9152.4160.5167.2

174.5181.9188.8195.7202.1206.8209.2213.3219.0223.5

226.8228.1226.9226.3228.2229.5

227.6227.7226.3225.9

225.8225.9226.3227.0

227.4227.9228.5228.9

229.1229.2229.7229.9

Restof theworld

4.92.43.1

2.63.43.12.72.92.33.65.16.25.6

6.27.98.37.98.49.4

10.711.59.5

10.0

11.112.113.914.916.117.015.916.317.717.0

17.120.723.732.235.929.333.037.442.155.7

55.555.251.248.844.536.5

51.254.051.648.0

48.247.450.748.9

48.342.044.843.0

38.936.235.435.6

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

263


TABLE B-10.—Gross national product by industry, 1947-84

[Billions of dollars]

Year

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

Grossnation*

alprod-uct

235.2261.6260.4

288.3333.4351.6371.6372.5

405.9428.2451.0456.8495.8

515.3533.8574.6606.9649.8

705.1772.0816.4892.7963.9

1,015.51,102.71,212.81,359.31,472.8

1,598.41,782.81,990.52,249.72,508.2

2,732.03,052.63,166.03,401.63,774.7


Agricul-ture,

forestry,and

fisheries

20.824.019.5

20.823.923.221.420.8

20.019.819.622.120.4

21.721.822.322.321.4

24.225.324.925.728.6

29.932.237.456.255.0

56.355.758.970.183.1

77.292.089.675.895.2

Mining

6.89.48.1

9.310.210.210.711.0

12.513.613.712.612.5

12.812.913.113.413.8

14.014.615.216.217.1

18.718.820.223.436.9

41.346.050.256.572.7

107.3143.7132.1115.5121.2

PA-,uon-struction

9.111.511.5

13.215.616.917.517.7

19.121.322.221.823.7

24.325.327.128.931.6

34.737.939.743.548.7

51.456.563.070.474.5

76.586.297.9

115.6131.4

137.7138.4140.9150.0167.7

Manufacturing

Total

66.274.772.2

84.099.0

103.3112.5106.7

121.3127.2131.8124.3141.8

144.4145.0158.6168.1180.2

198.4217.4222.9243.6257.1

252.3265.7292.5326.4338.5

357.3409.3465.3518.8561.8

581.0643.1634.6692.5779.8

Dura-ble

goods

33.538.237.1

45.955.559.066.161.0

70.873.978.070.081.6

82.581.691.998.0

105.7

118.4130.8133.7146.1154.2

145.9153.8172.6195.4201.7

206.3239.7277.7317.4345.2

351.8385.8362.5390.7454.1

Non-durablegoods

32.736.635.0

38.143.444.346.445.7

50.453.353.854.360.3

61.963.366.870.174.5

80.086.689.297.5

102.9

106.3111.9119.9131.0136.7

151.0169.7187.7201.4216.5

229.2257.3272.1301.8325.7

Trans-portation

andpublic

utilities

21.023.723.9

26.630.232.234.233.8

36.839.641.741.945.1

47.348.951.954.858.3

62.667.470.776.482.6

88.497.1

108.0118.7129.1

141.7160.4178.9201.0216.1

240.8269.6288.4312.8345.3

lA/hnlownoie-saleand

retailtrade

44.248.548.0

51.556.858.960.461.6

67.171.375.076.483.3

85.788.094.198.3

107.1

114.9124.1133.0146.8159.2

168.7183.8202.5225.6246.0

273.7299.7332.8373.4415.8

438.9483.1506.5548.4620.2

Fi-nance,insur-ance,andreal

estate

23.826.929.2

32.235.539.143.347.0

50.754.358.563.168.2

72.876.981.786.592.0

98.91C6.9115.6125.1136.3

145.8161.4174.8190.5206.7

221.7246.1280.3326.3363.3

400.6449.3475.1531.2579.9

Services

20.221.922.6

24.226.428.130.231.6

35.138.741.744.048.3

51.454.859.263.369.0

74.682.590.699.1

110.4

120.2130.2144.6163.2179.4

199.8224.9253.4289.1328.7

374.0422.6463.6514.7575.5

Govern-mentand

govern-mententer-prises

20.220.823.2

24.231.235.736.837.4

39.041.244.547.850.8

54.257.662.167.072.5

78.288.198.4

110.5121.0

134.0145.9160.1173.1189.0

210.1229.7247.4270.3292.4

322.1354.7383.9410.7443.4

Statisti-palcai

discrep-ancy

1.8-•1.3

.8

.82.71.82.62.7

1.8-1.9-1.2-.1

-1.5

-2.8-1.2

.0-.6

-1.4

-1.22.1

-.4-1.1-3.9

-1.11.8

-1.6-4.3-1.7

2.53.6-.0

-1.9-1.0

4.94.1-.1-.6

-1.5

PactKcSlof theworld

1.21.51.4

1.52.02.22.12.2

2.63.03.42.93.1

3.53.84.54.95.4

5.85.66.06.86.8

7.39.3

11.216.219.5

17.521.125.430.543.8

47.652.151.250.748.0

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.

264


TABLE B-ll.—Gross national product by industry in 1982 dollars, 1947-84

[Billions of 1982 dollars]

Year

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976 . .197719781979

19801981198219831984


1,066.71,108.71,109.0

1,203.71,328.21,380.01,435.31,416.2

1,494.91,525.71,551.11,539.31,629.1

1,665.31,708.71,799.41,873.31,973.3

2,087.62,208.32,271.42,365.62,423.3

2,416.22,484.82,608.52,744.02,729.4

2,695.02,826.72,958.63,115.23,192.3

3,187.23,248.83,166.03.277.73,492.0


Agri-culture,forest-ry, andfisher-

ies

55.661.361.0

64.362.664.266.368.2

69.167.865.968.365.8

68.367.567.167.265.2

66.762.465.463.665.3

68.870.670.970.369.7

73.171.571.671.876.1

76.288.089.675.885.0

Min-ing

67.672.465.7

72.880.881.584.383.3

92.096.596.289.194.1

94.295.698.1

102.2105.7

109.4115.0120.2124.7128.9

134.5132.4134.4133.4130.3

125.6124.4126.2128.8130.0

135.6139.8132.1125.4133.0

Con-struc-tion

76.790.089.4

100.0110.9115.9119.9124.8

133.3142.7142.4147.5160.4

163.1165.1172.5177.5185.9

193.7194.4190.7190.2183.6

168.0162.7166.7170.4162.3

149.4158.1165.1176.7173.5

161.6147.4140.9147.8156.7

Manufacturing

Total

226.1238.5226.3

257.7288.4298.2319.9296.6

327.7330.6332.5303.5338.0

338.7339.4368.3397.4425.4

462.5497.9496.6522.0536.7

506.8515.5561.2621.3591.6

547.5600.6645.0683.4697.1

665.4676.1634.6680.9760.7

Dura-ble

goods

138.1145.0133.2

156.7181.4190.6208.4185.8

208.5207.3208.7180.1203.0

202.4199.9220.5238.9259.3

286.9312.3311.9326.2334.0

304.8305.5336.5377.0363.5

325.2357.4386.2415.9423.5

401.5404.9362.5394.5462.0

Non-durablegoods

88.093.593.1

101.0107.0107.6111.5110.8

119.2123.3123.8123.4135.0

136.3139.5147.8158.5166.2

175.6185.6184.7195.8202.6

202.0210.0224.8244.3228.1

222.2243.2258.9267.5273.5

263.9271.2272.1286.3298.6

Trans-por-

tationand

publicutil-ities

100.098.790.7

95.3104.9104.5106.7104.1

112.3117.7119.9116.1123.5

127.8130.0136.3143.8150.4

161.5174.2178.1189.5200.3

203.9209.8223.8243.0248.8

246.4257.1268.5284.8293.4

293.4296.2288.4294.2312.8

Whole-saleand

retailtrade

157.8161.9166.1

182.1183.8189.5195.6197.1

215.0221.4225.1225.0240.7

245.4247.7263.9273.8290.7

309.8326.5335.3354.8361.7

367.6385.7414.8437.0426.2

433.1454.4479.2502.4511.7

500.4507.3506.5536.0584.7

Fi-nance,insur-ance,andreal

estate

103.0107.7112.2

119.7126.4134.7142.2149.5

160.2168.8178.3184.5195.9

206.5215.0226.5235.9245.8

259.8271.1282.4296.0314.0

320.7335.9350.9367.7381.6

387.6403.1417.7442.5459.2

464.3474.2475.1488.6512.6

Serv-ices

124.7128.9128.9

133.8136.9139.4142.7145.9

153.0161.1168.6174.3183.5

190.2197.7207.7217.4230.7

240.4253.9265.2274.7287.8

295.7302.4320.0340.2347.5

352.4367.7388.4411.9429.8

442.6462.5463.6485.1509.5

Govern-mentand


156.2155.5164.0

169.2214.0231.9230.9225.4

223.4225.6229.2230.1232.8

240.3249.2258.4264.5274.0

284.3305.5322.3332.6340.2

339.6340.0340.5343.4350.6

355.0357.7362.9371.5376.2

382.7385.3383.9386.1390.7

Sta-tis-ticaldis-

crep-ancy

7.6-4.9

3.2

3.19.76.59.49.5

6.2-6.2-3.8

5-4.6

-8.7-3.7

.1-1.8

4 1

-3.45.9

-1.0-2.8-9,5

2 74.2

-3.4-8.6-3.3

4.25.6.1

28-1.4

5.94.4-.1-.6

-1.4

Resid-u a l 1

-13.6-7.5-4.2

-.62.05.39.43.5

-6.6-11.1-14,7

8 1-11.0

-11.6-6.9133

-19.712 6

-14.0145-.22.8

-2.7

394.85.1

-6.2-11.8

-8.766

-3.42.1

-9.0

3.512.5

.09.63.2

Restof theworld

5.16.25.6

6.27.98.37.98.4

9.410.711.59.5

10.0

11.112.113.914.916.1

17.015.916.317.717.0

17.120.723.732.235.9

29.333.037.442.155.7

55.555.251.248.844.5

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.


265


TABLE B-12.—Gross domestic product of nonfinancial corporate business, 1929-85

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

Year orquarter

192919331939194019411942. . .19431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968 ,19691970197119721973197419751976197719781979198019811982198319841985 "1982: I

1!I l lIV

1983: 1III l lIV

1984- 1I II l lIV

1985: 1I II l lIV

Grossdomes-

ticproduct

ofnon-

inancialcorpo-

ratebusi-ness

50.424.644.050.665.983.399.1

102.695.899.8

121.2138.9135.2153.6176.3184.0196.6193.5218.5233.6244.1238.0267.1277.6285.2311.1331.1357.7392.7430.2452.6499.7542.2560.4605.1671.8753.0812.8881.5995.5

1,126.11,274.11,417.41,540.81,738.41,782.21,915.92,153.12,283.31,777.41,783.2178901,779.41,820.01,884.91,946.52,012.22,088.02,147.02,172.52,205.22,237.02,265.82,301.6

Capitalcon-

sump-tion

allow-anceswith

capitalcon-

sump-tion

adjust-ment

5.34.24.85.05.46.06.16.26.37.49.0

10.511.212.113.914.915.916.817.920.122.123.224.325.326.027.028.229.631.634.537.841.745.750.255.160.565.676.892.5

103.0115.1130.8150.7172.5200.2223.0232.1242.5253.7216.1220.9225 1229.7229.3230.4233.8234.9237.7241.0244.2247.1249.3251.5255.2258.7

Net domestic product

Total

45.120.439.145.660.577.393.096.489.592.4

112.2128.4123.9141.5162.4169.1180.7176.7200.7213.5221.9214.8242.8252.4259.1284.2303.0328.0361.1395.7414.8458.0496.6510.2550.0611.3687.4736.0789.0892.5

1,010.91,143.31,266.71,368.21,538.11,559.31,683.81,910.62,029.71,561.31,562.31 56381,549.71,590.71,654.41,712.71,777.31,850.31,906.01,928.31,958.01,987.72,014.32,046.4

Indi-rectbusi-nesstax,etc.1

3.43.85.15.56.46.87.38.18.9

10.111.913.213.915.316.518.019.218.620.622.423.724.126.228.529.832.234.236.839.440.743.349.954.959.064.769.476.581.588.395.4

104.4114.1122.1138.5165.9166.9182.5202.2213.3165.3165.31672169.7171.6181.8187.3189.3195.6201.8204.6206.7208.2214.2214.8216.2

Domestic income

Total

41.816.534.140.254170.585.788.380.682.3

100.3115.2110.1126.2146.0151.1161.5158.1180.0191.1198.2190.7216.7223.9229.4252.0268.7291.2321.7355.0371.5408.1441.6451.2485.3541.9610.8654.5700.7797.1906.5

1,029.21,144.71,229.71,372.31,392.41,501.31,708.41,816.31,396.01,397.0139671,379.91,419.11,472.61,525.41,588.01,654.61,704.21,723.61,751.31,779.51,800.11,831.6

Com-pensa-tion ofemploy-

ees

32.316.728.231.239851.062.265.161.967.279.187.785.294.7

110.2118.2128.6126.4138.4151.31590155.8171.5181.2185.3200.1211.1226.7246.5274.0292.3323.2358.8378.7402.0447.1505.9556.8580.4656.3741.0847.4962.0

1,051.11,160.51,203.91,267.31,401.61,488.41,198.01,203.31 20781,206.51,222.71,249.51,277.71,319.51,362.31,392.41,414.61,437.21,460.11,480.61,494.71,518.2

Corporate profits with inventory valuation and capitalconsumption adjustments

Total

8.0-1.9

4.47.6

13018.222.422.217.714.420.426.623.930.634.731.731.530.140.038.137.032.242.139.240.147.352.859.369.173.770.574.869.655.465.275.782.469.491.6

113.3134.9146.0139.1123.1144.2111.9160.6221.1242.3118.6113.6115.2100.1124.8151.9173.1192.5213.2227.2220.0224.1229.8232.2253.1

Profits

Profitsbefore

tax

8.4.6

6.18.8

16420.123.622.217.822.029.131.824.938.539.133.834.932.142.041.839.833.743.139.739.544.248.955.465.270.366.573.169.657.065.676.896.9

107.2109.2138.3160.5182.1195.8181.8181.5129.7151.5186.3172.6138.8133.1130.6116.3117.6145.4170.2172.8193.2197.5177.4176.9169.6164.6174.5

taxlability

1.2

U2.775

11.213.812.610.28.6

10.811.89.3

16.921.217.818.515.620.220.119.116.220.719.219.520.622.824.027.229.527.833.633.327.229.933.840.242.241.553.059.967.169.667.063.946.357.071.762.049.447.846.941.040.955.166.065.976.978.486.165.360.958.063.3

Profits after tax

Total

7.3.1

4.76.1908.99.89.67.6

13.418.320.015.621.617.916.016.416.421.821.820.717.522.420.520.123.526.231.438.040.838.639.536.229.835.643.056.765.067.785.4

100.6115.0126.2114.8117.683.494.5

114.6110.689.485.383.775.476.790.3

104.1106.9116.3119.1111.3111.6108.6106.6111.2

Divi-dends

5.12.03.33.5393.73.94.14.14.85.56.06.07.57.17.17.37.48.59.09.39.3

10.010.610.611.412.613.715.616.817.519.119.118.518.520.121.121.724.827.832.037.239.345.553.459.766.572.176.657.857.960.962.268.568.069.559.969.672.572.773.671.783.175.076.8

Undis-tributedprofits

2.2-191.42.6505.25.85.63.58.6

12.814.09.6

14.110.88.89.19.0

13.412.711.48.2

12.49.99.5

12.213.517.722.424.021.220.417.111.317.122.935.643.342.957.668.677.886.969.364.223728.042.534.031.527.422.813,28.2

22.434.647.046.646.638.638.037.023.536.1

Inven-toryvalu-ation

adjust-ment

0.5-2.1-.7-.225

-1.2-.8-.3-.653

-5.9-2.2

1.9-5.0-12

1.0-1.0

3-1.7-2.7-1.5

-!3-.2

.3

.0

.1

-~L221

-1.6-3.7-5.9

66-4.6-6.6

-20.0-39.5-11.0-14.9-16.6-25.3-43.2-43.1-24.2-10.4-10.0-5.4-.4

-7.7-10.3-10.0-13.4-3.4-9.3

-18.1-8.9

-13.0-5.6-1.3-1.6

.72.24.7

-9.0

Capitalcon-

sump-tion

adjust-ment

-0.9-.310

-1.010

-.7-.4

.3

-2^3-2.8-3.0-2.9-2.9-3.2-3.0-2.4-1.6-.3

-1.1-1.2-1.2-.8-.2

.33.13.94.45.25.55.55.35.95.04.25.55.61.7

-6.6-10.2-9.0

-10.9135

-15.5-13.1-7.519.040.370.0

-12.4-9.3

54-2.810.615.921.028.733.035.343.948.859.665.473.981.1

Netinter-est

1.41.71.51.4131.31.11.01.0.7

0.8.9

1.0.9

1.11.21.31.61.61.82.22.73.13.54.04.54.85.36.17.48.8

10.113.217.118.119.222.528.328.727.530.635.943.555.567.576.673.485.785.679.380.273.673.471.671.374.775.979.284.589.090.189.687.383.881.8

1 Indirect business tax and nontax liability plus business transfer payments less subsidies.


266


TABLE B-13.—Output, costs, and profits of nonfinancial corporate business, 1948-85

[Quarterly data at seasonally adjusted annual rates]

Year orquarter

19481949

1950195119521953195419551956195719581959

1960196119621963. .196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985"

1982- 1III l lIV

1983:1||I I IIV

1984:1I II l lIV

1985:1III l l "

Gross domesticproduct of

nonfinancialcorporatebusiness

(billions ofdollars)

Currentdollars

138.9135.2

153.6176.3184.0196.6193.5218.5233.6244.1238.0267.1

277.6285.2311.1331.1357.7392.7430.2452.6499.7542.2

560.4605.1671.8753.0812.8881.5995.5

1,126.11,274.11,417.4

1,540.81,738 41,782.21,915.92,153.12,283.3

1,777.41,783.21,789.01,779.4

1,820.01,884.91,946.52,012.2

2,088.02,147.02,172.52,205.2

2,237.02,265.82,301.6

1982dollars

538.9515.7

570.4622.4637.3668.4650.8719.3747.0758.1725.2798.5

820.8839.1904.8964.4

1,029.01,111.71,189.51,217.01,286.51,339.6

1,325.21,360.61,461.11,569.71,533.41,488.11,583.51,686.61,789.81,840.4

1,807.91,837.21,782.21,866.92,039.32,098.4

1,799.11,791.71,777.81,760.2

1,793.11,842.51,891.21,940.8

2,005.02,043.02,048.22,061.0

2,077.32,087.22,106.9

Current-dollar cost and profit per unit of output (dollars) 1

Totalcostand

profit2

0.258.262

.269

.283

.289

.294

.297

.304

.313

.322

.328

.335

.338

.340

.344

.343

.348

.353

.362

.372

.388

.405

.423

.445

.460

.480

.530

.592

.629

.668

.712

.770

.852

.9461.0001.0261.0561.088

.988

.9951.0061.011

1.0151.0231.0291.037

1.0411.0511.0611.070

1.0771.0861.092

Capitalconsump-

tionallow-anceswith

capitalconsump-

tionadjust-ment

0.019.022

.021

.022

.023

.024

.026

.025

.027

.029

.032

.030

.031

.031

.030

.029

.029

.028

.029

.031

.032

.034

.038

.040

.041

.042

.050

.062

.065

.068

.073

.082

.095

.109

.125

.124

.119

.121

.120

.123

.127

.131

.128

.125

.124

.121

.119

.118

.119

.120

.120

.121

.121

Indi-rectbusi-nesstax,etc.3

0.025.027

.027

.026

.028

.029

.029

.029

.030

.031

.033

.033

.035

.035

.036

.035

.036

.035

.034

.036

.039

.041

.045

.048

.048

.049

.053

.059

.060

.062

.064

.066

.077

.090

.094

.098

.099

.102

.092

.092

.094

.096

.096

.099

.099

.098

.098

.099

.100

.100

.100

.103

.102

Com-pen-

sationof

employ-ees

0.163.165

.166

.177

.185

.192

.194

.192

.203

.210

.215

.215

.221

.221

.221

.219

.220

.222

.230

.240

.251

.268

.286

.295

.306

.322

.363

.390

.414

.439

.473

.523

.581

.632

.676

.679

.687

.709

.666

.672

.679

.685

.682

.678

.676

.680

.679

.682

.691

.697

.703

.709

.709

Corporate profits withinventory valuation and

capital consumptionadjustments

Total

0.049.046

.054

.056

.050

.047

.046

.056

.051

.049

.044

.053

.048

.048

.052

.055

.058

.062

.062

.058

.058

.052

.042

.048

.052

.053

.045

.062

.072

.080

.082

.076

.068

.078

.063

.086

.108

.115

.066

.063

.065

.057

.070

.082

.092

.099

.106

.111

.107

.109

.111

.111

.120

Profitstax

liability

0.022.018

.030

.034

.028

.028

.024

.028

.027

.025

.022

.026

.023

.023

.023

.024

.023

.024

.025

.023

.026

.025

.021

.022

.023

.026

.028

.028

.033

.036

.037

.038

.037

.035

.026

.031

.035

.030

.027

.027

.026

.023

.023

.030

.035

.034

.038

.038

.032

.032

.029

.028

.030

Profitsaftertax4

0.027.028

.024

.022

.022

.020

.022

.028

.024

.024

.022

.027

.024

.025

.029

.031

.034

.038

.037

.035

.032

.027

.021

.026

.029

.027

.018

.034

.038

.044

.044

.038

.031

.044

.037

.055

.073

.086

.038

.037

.038

.034

.047

.053

.057

.065

.068073.075.077

.081

.083

.090

Netinterest

0.002.002

.002

.002

.002

.002

.002

.002

.002

.003

.004

.004

.004

.005

.005

.005

.005

.005

.006

.007

.008

.010

.013

.013

.013

.014

.018

.019

.017

.018

.020

.024

.031

.037

.043

.039

.042

.041

.044

.045

.041

.042

.040

.039

.039

.039

.039

.041

.043

.044

.043

.042

.040

Outputper hour

of allemploy-

ees(1982

dollars)

12.05312.506

12.67213.05813.55014.13514.65514.97915.20515.34415.71515.700

15.71316.15816.49016.83216.33116.69116.98617.25717.35817.221

17.09617.19417.31817.93418.316

17.20317.30117.37517.402

17.70017.88718.03618.109

18.31918.40518.29818.255

18.26018.24418.372

Compen-sation

per hourof all

employ-ees

(dollars)

2.5892.685

2.7972.8842.9973.0933.2293.3213.5023.6853.9484.206

4.4904.7745.0455.4255.9306.5107.0407.5818.2199.002

9.93910.86111.69912.17512.588

11.45611.61911.80411.928

12.07012.13012.18512.313

12.44712.54412.63812.730

12.83512.94213.034

1 Output is measured by gross domestic product of nonfinancial corporate business in 1982 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).

267


TABLE B-14.—Personal consumption expenditures, 1929-85

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

Year or quarter

192919331939... .

194019411942194319441945194619471948. ..1949

1950195119521953195419551956. .195719581959

I960.. ..1961196219631964196519661967. ...19681969

1970.1971197219731974197519761977. .19781979

198019811982. .198319841985 "

1982- 1 .IIIllIV

1983:1IIIII.IV

1984:1IIIIIIV

1985- 1IIIII.IV

Personalconsump-

tionexpendi-tures

77.345.867.0

71.080.888.699.5108.2119.6143.9161.9174.9178.3

192.1208.1219.1232.6239.8257.9270.6285.3294.6316.3

330.7341.1361.9381.7409.3440.7477.3503.6552.5597.9

640.0691.6757.6837.2916.5

1,012.81,129.31,257.21,403.51,566.8

1,732.61,915.12,050.72,229.32,423.02,581.9

1,996.32,023.82,065.62,117.0

2,146.02,210.12,254.92,306.3

2,358.62,414.42,439.02,480.1

2,525.02,563.32,606.12,633.3

Durablegoods

9.23.56.7

7.89.76.96.56.78.015.820.422.925.0

30.829.929.332.732.138.938.239.737.242.8

43.541.947.051.856.863.568.570.681.086.2

85.797.6111.2124.7123.8135.4161.5184.5205.6219.0

219.3239.9252.7289.6331.1360.8

245.1248.9252.8263.8

268.5285.3295.3309.4

321.6330.2331.1341.5

351.5356.5376.0359.2

Nondura-ble goods

37.722.335.1

37.042.950858.664.371.982.790.996.694.9

98.2109.2114.7117.8119.7124.7130.8137.1141.7148.5

153.2157.4163.8169.4179.7191.9208.5216.9235.0252.2

270.3283.3305.1339.6380.9416.2452.0490.4541.8613.2

681.4740.6771.0817.0872.4912.5

758.1762.6776.7786.6

792.4811.7826.5837.2

856.6873.2876.6883.1

895.7910.2914.5929.4

Services

30.420.125.2

26.228.331.034.337.239.745.450.655.558.4

63.269.075.182.188.094.3101.6108.5115.7125.0

134.0141.8151.1160.6172.8185.4200.3216.0236.4259.4

284.0310.7341.3373.0411.9461.2515.9582.3656.1734.6

831.9934.7

1,027.01,122.71,219.61,308.6

993.11,012.21,036.11,066.5

1,085.21,113.01,133.11,159.6

1,180.41,211.11,231.31,255.4

1,277.81,296.61,315.61,344.6

Durable goods

Motorvehiclesand parts

3.31.12.3

2.83.5.7.8.81.04.16.68.010.6

13.712.211.313.913.017.815.817.314.818.9

19.717.821.524.426.029.930.330.036.138.4

35.944.951.556.750.355.872.785.495.196.9

90.3100.5108.9130.6153.8167.7

105.7105.7108.3115.7

115.9129.2134.0143.1

150.1154.1153.6157.4

163.1165.4183.0159.3

Furnitureand

householdequip-ment

4.71.93.4

3.84.84.63.93.84.58.410.611.511.3

13.714.114.014.714.816.417.317.216.918.1

18.018.319.320.723.225.128.230.032.934.7

35.737.842.447.951.554.560.267.173.982.1

86.292.795.7107.4119.4128.9

92.395.196.499.1

102.1105.4109.0113.0

116.1118.8119.3123.5

125.7127.6128.6133.9

Other

1.2.51.0

1.11.31.61.92.12.53.23.33.43.2

3.33.63.94.14.34.65.05.25.45.8

5.85.86.36.87.68.410.010.612.013.2

14.114.917.220.122.025.028.532.036.640.0

42.846.648.151.757.964.1

47.148.148.149.0

50.450.752.253.3

55.457.358.260.6

62.763.464.466.0

Nondurable goods

Food

19.511.519.1

20.223.428.433.236.740.647.452.354.252.5

53.960.764.165.466.868.671.475.177.980.7

82.784.887.189.594.6101.0109.0112.3121.6130.5

142.1147.5158.5176.1198.2218.7236.2255.9282.2317.3

349.1376.5398.8422.0451.7474.2

388.9396.7402.7407.0

413.1419.0426.0430.0

440.0449.9457.1459.6

465.5472.1475.9483.3

Clothingandshoes

9.44.67.1

7.58.811.013.414.616.518.218.820.119.3

19.621.322.022.222.323.324.424.524.926.4

27.027.629.029.832.434.137.439.243.246.5

47.851.756.462.566.070.876.684.194.8102.2

109.0119.9124.4135.2147.4156.1

123.4122.8125.0126.5

129.4135.0135.5140.9

144.4149.1146.4149.7

152.8156.3155.7159.8


268


TABLE B-14.—Personal consumption expenditures, 1929-85—Continued


Year orquarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962196319641965 .1966196719681969 .

1970 . .197119721973197419751976197719781979

198019811982198319841985 p

1982- 1III l lIV

1983- 1III l lIV

1984- 1III l lIV

1985:1III l lIV P

Nondurable goods— cont'd

Gasolineand oil

1.81.52.2

2.32.62.11.31.41.83.44.04.85.3

5.56.16.87.47.88.69.4

10.210.611.3

12.012.012.613.013.614.816.017.118.620.5

21.923.224.428.136.139.743.046.951.366.1

83.792.789.190.190.792.0

91.586.488.689.8

86.589.492.592.1

92.091.989.189.8

89.392.992.293.7

Fuel oiland coal

1.61.21.4

1.51.71.92.02.02.22.53.03.43.1

3.43.53.53.43.53.83.94.14.24.0

3.83.83.84.04.14.44.74.84.74.6

4.44.65.16.37.88.4

10.111.112.015.8

18.019.418.617.517.915.8

19.018.418.918.2

15.717.618.518.3

18.918.217.816.8

16.115.416.015.9

Other

5.43.55.3

5.66.47.58.79.6

10.811.312.814.114.7

15.817.618.419.419.320.421.723.224.226.1

27.729.231.433.135.037.641.443.547.050.2

54.156.460.866.672.778.586.092.4

101.4111.8

121.5132.2140.1152.1164.7174.3

135.2138.3141.5145.2

147.5150.7154.1155.8

161.3164.1166.2167.3

172.1173.5174.8176.8

Services

Housing *

11.78.19.4

9.710.411.211.812.312.814.216.017.919.6

21.724.327.029.932.334.436.739.342.045.0

48.251.254.758.061.465.469.574.179.786.8

94.0102.7112.1123.1135.1148.4163.5182.4205.2231.1

261.5295.6321.1344.0371.3403.3

313.3316.9323.7330.3

335.4340.3346.8353.6

359.8367.6375.5382.3

389.1398.1408.0418.0

Household operation

Total

4.02.83.8

4.04.34.85.25.96.46.87.58.18.5

9.510.411.212.112.714.215.416.317.418.7

20.321.222.423.625.026.528.230.132.335.0

37.740.945.249.655.463.572.381.790.9

100.3

113.9127.5143.4155.9166.0173.2

139.9142.0143.7148.0

149.7155.6157.4160.8

161.4166.6166.9168.9

174.2171.1173.3174.0

Electricityand gas

1.21.11.4

1.51.51.61.71.81.92.12.32.62.9

3.33.74.14.55.05.56.16.57.17.6

8.38.89.49.9

10.410.911.512.213.014.0

15.216.618.420.023.528.532.537.642.146.8

56.463.572.880.284.688.8

72.372.071.974.8

74.979.982.183.9

81.784.884.587.2

93.087.087.687.5

Other

2.91.72.4

2.62.73.23.54.14.54.75.15.45.6

6.26.77.17.67.78.69.39.8

10.411.1

11.912.312.913.714.615.616.717.919.321.0

22.524.326.829.631.935.039.844.148.853.4

57.564.070.675.781.484.4

67.670.071.773.2

74.875.775.376.9

79.881.882.481.7

81.384.185.786.6

Transpor-tation

2.61.52.0

2.12.42.73.43.74.05.05.35.85.9

6.26.87.38.08.28.58.99.49.7

10.5

11.211.712.212.713.414.515.917.318.920.9

23.727.129.831.233.335.741.349.253.559.0

64.568.369.774.782.186.8

68.169.170.471.1

72.372.976.177.4

79.881.982.384.4

85.686.286.788.7

Medicalcare

2.21.52.1

2.22.42.72.93.33.64.65.66.36.5

6.97.48.39.3

10.210.811.712.814.015.3

16.417.519.421.024.125.928.331.135.740.9

' 46.151.857.864.472.484.295.9

111.5125.1141.4

164.2193.5217.8237.4259.5280.3

208.1214.8221.3226.9

230.6235.2239.0244.8

250.0257.1262.6268.1

271.9278.5281.8288.9

Other

9.96.38.0

8.28.99.6

11.012.012.915.016,317.417.8

18.820.121.422.924.626.528.930.732.535.4

38.040.342.445.348.953.158.563.569.975.8

82.588.296.5

104.7115.7129.3142.9157.5181.4202.7

227.9249.7275.1310.7340.7365.1

263.7269.5277.1290.2

297.1309.0313.8323.0

329.4338.0343.9351.7

357.0362.7365.8375.0

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

269


TABLE B-15.—Gross and net private domestic investment, 1929-85


Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956 . .195719581959

19601961196219631964196519661967196819691970197119721973197419751976197719781979

198019811982198319841985 p

1982- 1I II l lIV

1983:1||I I IIV

1984- 1I II l lIV

1985:1I I .I l lIV '; . .

Grossprivate

domesticinvest-ment

16.71.69.5

13.418.310.36.27.7

11.331.535.047.136.5

55.160.553.554.954.169.772.771.163.680.2

78.277.187.693.199.6

116.2128.6125.7137.0153.2

148.8172.5202.0238.8240.8219.6277.7344.1416.8454.8

437.0515.5447.3501.9674.0670.4

459.5467.8452.2409.6

425.0483.7521.2577.6

658.8673.3687.9676.2

657.6672.8666.1685.2

Less:

consump-tion

allow-anceswith

capitalconsump-

tionadjust-ment

9.97.69.0

9.410.311.311.612.012.414.217.620.422.0

23.627.229.230.932.534.438.141.142.844.6

46.447.849.451.453.957.462.167.473.981.4

88.897.5

107.9118.1137.5161.8179.2201.5229.9265.8

303.8347.8383.2399.6418.9438.2

373.3379.8386.3393.2

394.5396.1403.3404.4

409.1416.4422.5427.7

430.5433.8441.4447.3

Equals: Net private domestic investment

Total

6.7-6.1

.5

4.18.0

-1.0-5.3-4.2-1.117.317.526.714.5

31.533.324.424.021.635.334.629.920.835.5

31.829.438.241.845.758.866.558.363.171.8

60.074.994.1

120.7103.457.898.4

142.5186.9189.1

133.1167.764.1

102.3255.1232.2

86.288.065.916.4

30.487.6

117.9173.2

249.6256.9265.4248.5

227.0239.0224.7238.0

Net fixed investment

Total

5.0-4.5

.1

1.93.5

-2.7-4.7-3.2-.110.917.922.017.6

24.623.121.323.623.329.629.928.522.329.8

28.727.032.135.940.348.952.348.055.262.0

56.967.283.6

101.187.963.482.4

121.3158.3176.1

141.5143.788.7

108.7188.0223.1

110.493.074.976.3

73.293.2

120.7147.7

157.5188.0197.1209.5

208.5223.5224.5235.9

Nonresidential

Total

3.3-3.5_ 7

.72.02 1

-3.1-1.3

1.76.9

10.711.88.7

10.311.610.111.910.213.215.615.99.6

12.1

13.411.914.916.020.329.335.832.334.239.8

36.834.540.556.255.837.540.958.682.298.9

88.998.665.542.199.3

133.3

Struc-tures

1.8-1.7-1.1

-.8_ 3If

-2.4-1.9-1.0

2.41.92.52.2

2.83.93.84.85.05.97.97.96.36.4

7.37.38.07.99.4

13.215.214.415.117.4

17.416.817.421.722.015.616.017.625.034.539.451.745.925.342.561.2

Produc-ers'

durableequip-ment

1.4-1.8

.4

1.52.3

5_ 7

is2.84.58.79.36.5

7.57.76.47.15.27.37.78.13.25.7

6.14.66.98.1

10.916.120.718.019.022.4

19.417.723.134.433.721.924.841.057.264.5

49.546.919.616.856.872.1

Residen-tial

1.7-1.0

.8

1.21.5

-.6-1.6-1.9-1.8

4.07.3

10.28.9

14.411.511.211.713.016.414.412.612.717.7

15.415.117.219.920.019.616.515.721.022.2

20.132.743.145.032.225.941.662.676.177.2

52.645.023.266.688.889.8


ries

1.7-1.6

.4

2.24.51.8

-.6-1.0-1.0

6.4-.54.7

-3.1

6.810.23.1

.4-1.6

5.74.61.4

-1.55.8

3.12.46.15.85.49.9

14.210.37.99.8

3.17.8

10.519.615.4

-5.616.021.328.613.0

-8.324.0

-24.5-6.467.19.1

-24.1-5.0-9.0

-59.9

-42.7-5.5-2.825.5

92.168.968.339.0

18.515.5

.22.1


270


TABLE B-16.—Gross and net private domestic investment in 1982 dollars, 1929-85


Year or quarter

192919331939194019411942194319441945194619471948194919501951 . . . . .1952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985".1982-1

||I I IIV

1983- 1III l lIV

1984- 1III I IIV

1985- 1||I I IIV P

Grossprivate

domesticinvest-ment

139.222.786.0

111.8138.876.750.456.476.5

178.1177.9208.2168.8234.9235.2211.8216.6212.6259.8257.8243.4221.4270.3260.5259.1288.6307.1325.9367.0390.5374.4391.8410.3381.5419.3465.4520.8481.3383.3453.5521.3576.9575.2509.3545.5447.3503.4661.3650.6464.2467.5448.6408.8422.5489.0526.3575.9649.0662.9673.3659.9639.6655.6645.0662.2

Less:Capital

consump-tion

allow-anceswith

capitalconsump-

tionadjust-ment

86.886.584.484.986.386.985.784.885.488.091.896.8

101.7106.5111.8117.0122.1127.4132.6138.3143.5147.7151.9156.3160.6165.1170.3176.3183.7192.2201.1209.8219.8229.8239.5253.4263.6276.1287.0297.3309.6323.7341.3356.1369.7383.2394.0405.9423.3377.7381.0384.0390.0388.9391.4398.3397.3400.7404.2407.7411.0415.2420.1426.6431.2

Equals: Net private domestic investment

Total

52.4-63.8

1.626.952.5

-10.2-35.3

284-8.990.186.1

111.467.1

128.4123.394.894.485.2

127.2119.599.973.7

118.4104.198.4

123.5136.8149.6183.4198.3173.4181.9190.5151.8179.8212.1257.1205.3

96.3156.2211.72533234.0153.2175.864.1

109.4255.4227.386.586.564.618.833.697.6

128.0178.6248.3258.7265.6248.9224.4235.5218.4231.0

Net fixed investment

Total

41.6-53.0-2.312.524.7

-22.1-36.0-23.3

-.562.287.199.176.7

104.292.584.891.790.0

110.9106.596.977.1

101.996.491.2

107.3120.1133.9158.1161.4144.6160.9165.3143.6160.2190.3217.1172.0109.1134.1182.6216.5218.9160.1152.088.7

114.9192.7220.0110.591.974.078.175.8

101.3126.6156.0164.7192.7200.7212.8208.6220.4220.2230.9

Nonresidential

Total

26.2-40.2-10.1

1.512.0

-17.5-24.4

10510.539.552.654.337.943.346.941.747,040.449.954.951.731.538.541.437.346.449.263.390.4

106.393.696.1

103.189.376.185.3

116.5106.960.861.885.2

111.6124.3101.3105.565.549.8

109.6137.3

Struc-tures

16.8-24.3

120-8.5-3.5

-15.9-20.7-15.2-8.315.411.714.312.715.718.818.822.924.427.732.530.724.825.027.928.130.329.134.046.250.445.946.749.746.140.439.846.842.527.927.328.737.244.847.256.045.928.845.258.3

Produc-ers'

durableequip-ment

9.4-16.0

1.910.015.6

-1.6-3.8

4.718.824.140.940.025.227.628.122.924.116.022.222.420.9

6.613.613.69.3

16.020.129.244.255.847.749.353.443.335.745.569.864.432.934.656.574.379.554.149.419.621.064.479.0

Residen-tial

15.4-12.8

7.811.112.746

-11.5-12.8-11.0

22.734.544.838.960.945.643.244.749.660.951.645.245.663.455.053.861.070.970.667.755.150.964.862.254.284.1

105.0100.665.148.372.297.4

104.994.658.746.523.265.183.182.8


ries

10.81073.9

14.427.812.0

-5^2-8.427.9

-1.012.397

24.230.810.02.8

-4.816.312.93.034

16.57.77.3

16.216.615.725.236.928.821.025.18.2

19.621.840.033.3

-12.822.129.136.815.0

-6.923.9

-24.5-5.562.7

7.3-24.0-5.4-9.4

-59.3-42.2-3.7

1.422.683.666.064.936.115.815.1

-1.8.1


271


TABLE B-17.—Inventories and final sales of business, 1946-85

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

Quarter

Fourth quarter:1946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

197019711972 . . . .1973197419751976197719781979

19801981 . .1982198319841985 p

1982: I||I I IIV

1983: 1I II l lIV

1984: II II l lIV

1985- 1I II l lIV

Inventories '

Total

70.779.985.177.1

96.1108.8108.0109.1106.8114.0122.8126.3126.2131.7

135.5137.2143.8149.6155.3169.1185.2197.4211.8232.4

240.3257.8285.6352.6423.3428.8463.3505.7588.2674.8

739.3789.0771.5789.1858.5859.1

784.0786.6784.7771.5

764.5769.9778.5789.1

820.1836.5850.7858.5

859.9858.5856.1859.1

Farm

19.621.019.316.7

22.524.923.322.021.219.919.921.222.622.1

23.323.825.225.724.528.027.427.929.131.8

31.135.444.365.562.464.360.259.373.780.7

84.581.679.279.983.674.9

82.984.282.179.2

79.379.276.379.9

86.287.185.583.6

82.979.977.874.9

Nonfarm

Total

51.058.865.860.4

73.783.984.787.185.594.1

102.8105.1103.7109.6

112.2113.4118.6123.8130.9141.0157.8169.5182.6200.6

209.2222.4241.3287.1360.9364.5403.1446.4514.5594.1

654.8707.4692.2709.2774.8784.2

701.1702.4702.6692.2

685.2690.7702.2709.2

733.9749.4765.3774.8

777.0778.6778.4784.2

Manu-facturing

24.629.032.228.6

34.943.144.046.043.948.354.054.352.755.2

56.257.260.362.265.970.780.987.594.0

103.4

105.8107.3113.6136.1177.0177.8194.9210.6238.4281.1

310.7330.2316.1317.3345.7341.0

327.6323.4321.0316.1

310.1311.4315.2317.3

327.2336.2344.2345.7

344.6343.6342.7341.0

Whole-saletrade

10.411.112.512.5

14.715.615.615.816.117.618.919.219.321.0

21.321.822.423,925.226.930.332.734.637.9

41,745.250.059.475.676.286.196.2

113.8133.7

154.8164.7162.2164.0178.5179.5

161.8164.7164.2162.2

159.1158.8162.3164.0

168.4171.9176.2178.5

179.0180.4180.0179.5

Retailtrade

12.814.516.615.4

19.219.719.420.020.222.823.725.025.126.2

27.527.028.329.631.033.736.236.940.744.5

45.852.357.766.474.674.782.793.3

107.8117.0

122.7134.0134.7147.0161.7171.9

132.3133.6136.8134.7

135.9139.5142.6147.0

154.2155.4156.8161.7

165.0164.8165.2171.9

Other

3.24.14.53.9

4.95.55.65.25.35.46.26.66.67.2

7.27.47.58.08.89.8

10.412.413.314.9

16.017.619.925.233.735.839.446.354.562.3

66.778.579.280.988.991.8

79.580.780.779.2

80.180.982.180.9

84.085.988.188.9

88.589.790.591.8

Finalsales 2

15.918.419.819.7

21.824.926.427.528.030.231.933.334.336.2

37.539.541.844.547.152.155.358.864.868.8

72.478.987.796.8

104.6117.1128.5143.9165.1183.2

201.1217.8229.5246.6269.3288.2

220.3221.5223.0229.5

232.0236.4241.3246.6

251.7260.3264.0269.3

275.8279.2284.5288.2

Inventory—finalsales ratio

Total

4.454.334.313.92

4.414.384.093.963.823.783.843.803.683.64

3.613.473.443.363.303.243.353.363.273.38

3.323.273.263.644.053.663.603.513.563.68

3.683.623.363.203.192.98

3.563.553.523.36

3.303.263.233.20

3.263,213.223.19

3.123.083.012.98

Non-fa rm 3

3.213.193.333.07

3.383.373.203.163.063.123.223.163.023.03

2.992.872.842.782.782.702.852.882.822.91

2.892.822.752.973.453.113.143.103.123.24

3.263.253.022.882.882.72

3.183.173.153.02

2.952.922.912.88

2.922.882.902.88

2.822.792.742.72

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.


272


TABLE B-1S.-—Inventories and final sales of business in 1982 dollars, 1947-85

[Billions of 1982 dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter:19471948 .1949

19501951195219531954

1955 ,1956195719581959 . . .

19601961 .. ..196219631964

19651966196719681969

19701971197219731974

1975...1976197719781979

1980198119821983.19841985 *

1982- 1III I IIV

1983: 1II .I l lIV

1984: 1III l lIV.

1985: 1III I IIV P

Inventories *

Total

251.3263.5253.9

278.1308.9318.9321.6316.9

333.2346.1349.1345.7362.2

370.0377.2393.4410.1425.8

451.0487.9516.6537.7562.8

571.1590.7612.4652.5685.7

673.0695.1724.2761.0776.0

769.1793.0768.4763.0825.5832.9

787.0785.6783.3768.4

757.9756.9757.3763.0

783.9800.4816.6825.6

829.6833.4832.9832.9

Farm

43.345.444.4

47.751.554.654.355.9

56.053.754.957.358.1

59.460.863.565.864.0

66.366.167.768.269.0

69.873.475.981.481.3

82.679.177.277.882.4

77.882.681.275.482.279.4

81.682.683.481.2

79.177.774.475.4

79.180.781.882.2

83.284.383.479.4

Nonfarm

Total

208.0218.1209.5

230.4257.4264.3267.4260.9

277.1292.4294.2288.4304.2

310.5316.5329.9344.2361.8

384.7421.7449.0469.4493.8

501.2517.3536.6571.0604.5

590.3616.1647.0683.2693.6

691.4710.3687.2687.6743.4753.6

705.4703.0699.8687.2

678.8679.2682.9687.6

704.8719.7734.8743.4

746.4749.1749.5753.6

Manu-facturing

105.1108.6102.9

109.8133.2139.0142.7135.0

142.5153.2152.1146.8153.5

154.7158.8167.2172.6180.9

191.6213.6229.2239.0248.5

248.3246.1251.7267.9288.5

281.9294.0301.9314.1324.7

326.8330.3315.2310.0333.4330.5

328.4323.9320.7315.2

309.1308.5308.7310.0

316.3324.7332.3333.4

333.7333.6332.6330.5

Whole-sale

trade

39.942.742.8

47.649.050.050.451.1

54.856.656.056.060.7

61.863.165.068.972.6

76.585.190.793.598.9

105.8110.7114.0118.4128.4

124.0131.2140.5151.6156.1

161.6165.0161.5158.1171.9174.4

162.8164.5163.9161.5

157.7155.8156.7158.1

160.7164.6169.1171.9

171.9174.1174.1174.4

Retailtrade

39.643.742.8

49.549.649.650.851.2

57.157.859.859.461.9

65.264.267.570.373.4

79.284.384.290.596.4

96.6107.2114.0122.1121.1

115.9122.3130.9139.1136.7

130.4135.5132.9141.2153.1160.6

133.5133.5135.8132.9

133.5136.0137.8141.2

146.7147.9149.0153.1

155.4155.2155.7160.6

Other

23.523.121.1

23.425.625.823.523.6

22.724.826.326.328.1

28.830.330.132.434.9

37.438.745.046.550.0

50.553.256.962.666.4

68.668.573.778.476.1

72.779.577.678.385.188.1

80.781.279.577.6

78.578.979.778.3

81.182.584.385.1

85.486.287.088.1

Finalsales2

74.877.177.3

82.690.493.998.097.7

102.5104.7105.9107.7111.4

114.1118.7123.4130.4136.3

147.7150.2156.4163.7165.4

166.8172.6185.4188.9184.3

191.5199.3209.0221.5225.6

225.3224.6226.1235.4247.4258.0

224.0222.9221.3226.1

227.2229.8231.8235.4

237.9243.3244.5247.4

252.0253.0256.5258.0

Inventory— finalsales ratio

Total

3.363.423.28

3.373.423.403.283.24

3.253.313.303.213.25

3.243.183.193.143.12

3.053.253.303.283.40

3.423.423,303.453.72

3.513.493.473.443.44

3.413.533.403.243.343.23

3.513.533.543.40

3.343.293.273.24

3.293.293.343.34

3.293.293.253.23

Non-farm 3

2.782.832.71

2.792.852.812.732.67

2.7.02.792.782.682.73

2.722.672.672.642.65

2.602.812.872.872.98

3.003.002.893.023.28

3.083.093.103.083.08

3.073.163.042.923.012.92

3.153.153.163.04

2.992.962.952.92

2.962.963.003.01

2.962.962.922.92

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 IndustrialClassification (SIC) beginning 1948 and on the 1942 SIC prior to 1948.


273


TABLE B-19.—Foreign transactions in the national income and product accounts, 1929-85


Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985 *.

1982:1I II l lIV

1983:1||I I IIV

1984:1||l i lIV

1985:1I II l lIV "

Receipts from foreigners

Total

7.12.44.6

5.46.15.04.65.57.4

15.220.317.516.4

14.519.819.218.118.821.125.228.224.425.0

29.931.133.135.740.542.946.649.554.860.4

69.873.182.1

114.1149.5161.3177.7191.6227.5292.4

352.1383.9361.9354.1384.6370.4

373.0378.9359.9335.9

344.6345.0358.0368.8

375.4382.3391.4389.5

379.6369.2363.2369.7

Exports of goods andservices

Total

7.12.44.6

5.46.15.04.65.57.4

15.220.317.516.4

14.519.819.218.118.821.125.228.224.425.0

29.931.133.135.740.542.946.649.554.860.4

68.972.481.4

114.1151.5161.3177.7191.6227.5291.2

351.0382.8361.9354.1384.6370.4

373.0378.9359.9335.9

344.6345.0358.0368.8

375.4382.3391.4389.5

379.6369.2363.2369.7

Mer-chan-dise

5.31.73.3

4.14.53.42.93.65.4

11.816.113.312.2

10.214.213.412.412.914.417.619.616.416.5

20.520.921.723.326.727.830.732.235.338.3

44.545.651.773.9

101.0109.6117.5123.1144.7183.3

225.1238.3214.0206.0224.1219.2

225.1224.0210.5196.3

200.8200.4205.0217.7

218.7223.0225.8229.0

225.8219.7213.6217.9

Serv-ices

1.7.7

1.3

1.31.61.61.71.92.13.44.24.34.1

4.35.55.85.75.96.77.68.78.08.5

9.410.111.412.313.815.115.817.319.522.1

24.426.829.640.250.551.760.268.682.8

107.9

125.9144.5148.0148.1160.5151.2

147.9155.0149.4139.6

143.8144.6153.0151.1

156.7159.3165.6160.5

153.8149.5149.6151.8

Capitalgrants

receivedby theUnitedStates(net)

0.9.7.7.0

-2.0.0.0.0.0

1.1

1.21.1.0.0.0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

Payments to foreigners

Total

7.12.44.6

5.46.15.04.65.57.4

15.220.317.516.4

14.519.819.218.118.821.125.228.224.425.0

29.931.133.135.740.542.946.649.554.860.4

69.873.182.1

114.1149.5161.3177.7191.6227.5292.4

352.1383.9361.9354.1384.6370.4

373.0378.9359.9335.9

344.6345.0358.0368.8

375.4382.3391.4389.5

379.6369.2363.2369.7

Imports of goodservices

Total

5.92.13.4

3.74.74.86.57.27.97.38.3

10.69.8

12.315.316.016.816.318.119.920.921.123.5

24.023.926.227.529.633.239.142.149.354.7

60.566.178.297.3

135.2130.3158.9189.7223.4272.5

318.9348.9335.6359.4443.8444.8

338.4336.8345.4321.9

316.2347.5377.6396.2

412.8447.6453.3461.7

421.9439.5451.0466.9

Mer-chan-dise

4.51.52.4

2.73.42.73.43.83.95.16.07.66.9

9.111.210.811.010.411.512.813.313.015.3

15.215.116.917.719.422.226.327.833.936.8

40.946.656.971.8

104.599.0

124.3151.9176.5211.9

247.5266.5249.5271.4336.0337.0

252.6246.2259.2239.9

236.1261.6285.4302.5

314.9338.1340.4350.6

316.1331.9343.5356.5

s and

Serv-ices

1.5.6

1.0

1.01.32.13.13.44.02.32.43.02.9

3.24.15.25.85.96.67.17.68.18.2

8.88.89.39.7

10.211.012.714.415.417.9

19.619.521.325.530.731.334.637.946.960.5

71.482.486.188.0

107.9107.8

85.790.686.282.0

80.185.992.293.7

97.9109.6112.9111.1

105.8107.6107.5110.4

Transfer payments (net)

Total

0.4.2.2

.2

.2

.2

.2

.3

.82.92.64.55.6

4.03.52.52.52.32.52.42.32.32.3

2.42.72.82.93.03.03.13.33.23.2

3.53.94.14.14.64.95.45.15.66.2

7.77.59.09.5

12.015.3

9.48.18.0

10.6

7.18.29.5

13.3

9.59.6

12.117.0

13.314.316.916.7

Frompersons(net)

0.3.2.2

.2

.2

.1

.2

.4

.5

.7

.7

.7

.5

.4

.4

.4

.5

.5

.4

.5

.5

.4

.4

.4

.5

.5

.6

.7

.7

.7

.9

.91.0

1.21.21.11.31.01.01.0.9.9

1.0

1.11.01.31.01.32.1

1.31.41.21.1

.91.01.11.2

1.41.21.21.5

2.11.82.22.1

Fromgovern-

ment(net)

0.0.0.0

.0

.0

.1-.1-.1

.42.32.03.95.1

3.63.12.12.01.82.11.91.81.81.9

1.92.22.32.32.32.32.42.42.32.2

2.32.72.92.93.64.04.44.24.75.2

6.56.57.88.5

10.713.3

8.06.86.89.5

6.27.28.4

12.2

8.18.3

11.015.5

11.212.514.714.7

Interestpaid bygovern-ment to

foreigners

0.0.0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.1

.1

.1

.1

.2

.2

.1

.3

.3

.3

.3

.4

.5

.5

.5

.6

.7

.8

1.01.82.73.84.34.54.55.58.7

11.1

12.616.918.317.819.821.3

18.017.518.818.9

17.717.517.818.3

18.619.120.221.2

21.221.121.521.5

Netforeigninvest-ment

0.8.2

1.0

1.51.3-.1

-2.1-2.0-1.3

4.99.32.4

.9

-1.8.9.6

-1.3.2.4

2.84.8

.9-1.2

3.24.23.84.97.56.23.83.51.61.7

4.81.3

-2.98.85.4

21.69.0

-8.7-10.1

2.6

13.010.6

-1.0-32.7-91.0

-111.0

7.316.5

-12.3-15.4

3.6-28.2-47.0-59.0

-65.5-93.9-94.3

-110.4

-76.8-105.8-126.2-135.4


274


TABLE B-20.—Exports and imports of goods and services in 1982 dollars, 1929-85


Year or quarter

192919331939

1940194119421943194419451946194719481949 . . .

195019511952 .195319541955.. . .195619571958. . .1959

1960 .196119621963 . .19641965.. . .1966196719681969

19701971197219731974.. . .19751976 . .19771978197919801981198219831984.. . .1985 p

1982- 1I II l lIV

1983- 1IIIllIV

1984:1II111IV

1985- 1III l lIV p

Exports of goods and services

Total

42.122.736.2

40.042.029.125.127.335.269.082.366.265.059.272.070.166.970.076.987.994.982.483.7

98.4100.7106.9114.7128.8132.0138.4143.6155.7165.0

178.3179.2195.2242.3269.1259.7274.4281.6312.6356.8

388.9392.7361.9349.4370.9360.2

374.1378.5359.5336.0

342.8342.4353.1359.1362.7366.6376.9377.3

368.7358.2353.5360.4

Merchandise

Total

29.715.926.5

30.531.719.515.216.424.054.165.549.148.4

42.251.149.046.448.853.261.866.656.656.1

68.869.172.277.687.788.294.096.5

104.9110.0

120.6119.3131.3160.6175.8171.5177.5178.1196.2218.2241.8238.5214.0207.2222.5224.8

222.9222.5211.4199.1

203.0202.9206.8216.2

216.1218.7224.6230.7

229.3223.9220.0225.9

Dura-ble

goods

12.34.5

13.3

18.920.213.410.511.012.623.134.424.524.1

21.023.825.325.826.930.334.437.231.030.5

37.938.039.842.148.250.053.658.864.869.5

74.372.980.099.3

113.9112.1112.9111.2121.9136.6150.0143.8121.9119.3130.7136.9127.6126.8122.5110.8114.8116.8119.4126.2

126.7128.5132.6135.1137.1137.4135.81375

Non-dur-able

goods

17.511.413.1

11.611.66.14.85.4

11.331.031.124.624.2

21.327.323.720.621.922.927.429.425.625.6

30.931.132.435.539.538.240.437.740.140.5

46.346.451.361.362.059.564.766.974.381.691.994.692.187.991.887.995.295.789.088.388.286.187.490.089.490.292.095.7

92.286.584.288.5

Services

Total

12.36.89.8

9.410.39.69.8

10.911.214.916.917.116.7

17.020.921.220.521.223.726.128.325.827.6

29.631.634.737.141.143.844.447.150.855.0

57.659.964.081,793.388.296.8

103.6116.4138.6147.1154.3148.0142.1148.3135.4151.2155.9148.0136.9

139.8139.4146.3142.9

146.6147.8152.3146.5139.4134.3133.5134.5

Factorin-

come !

7.63.75.2

4.65.24.84.64.94.85.67.28.58.2

9.110.911.311.011.613.014.114.813.214.015.716.918.520.021.823.222.823.826.329.0

29.630.533.946.253.545.649.753.563.286.691.496.391.686.293.480.692.698.692.483.081.783.690.589.1

91.893.596.891.582.480.779.180.4

Other

4.83.14.5

4.85.14.95.26.06.59.49.78.68.5

7.910.09.99.59.6

10.712.013.512.613.5

13.914.716.217.219.320.621.623.324.526.0

28.029.430.135.439.842.647.150.153.252.055.757.956.355.954.954.858.657.355.653.858.155.955.853.8

54.854.355.555.157.053.654.454.1

Imports of goods and services

Total

37.424.230.131.738.236.948.051.154.142.039.947.146.2

54.657.463.369.767.576.983.687.992.8

101.9102.4103.3114.4116.6122.8134.7152.1160.5185.3199.9

208.3218.9244.6273.8268.4240.8285.4317.1339.4353.2

332.0343.4335.6368.8455.9465.3

333.7336.8347.8324.3

320.3357.4389.3408.0

423.3457.0465.6477.5

440.5459.3473.3488.0

Merchandise

Total

29.319.224.0

25.629.421.025.026.526.030.029.333.933.3

40.940.441.944.642.148.353.656.158.168.0

67.569.078.981.286.397.0

109.1113.0135.7144.6

150.9166.2190.7218.2211.8187.9229.3259.4274.1277.9

253.6258.7249.5282.3352.1362.9

247.6246.1261.5242.7

241.2272.7298.8316.6

328.5351.4357.4371.0

338.9356.9371.5384.3

Dura-ble

goods

7.44.06.9

8.811.06.76.56.76.97.87.89.48.9

11.511.513.013.711.914.716.817.116.922.821.721.124.826.229.035.644.048.061.765.666.874.484.488.989.272.488.599.3

113.7115.7

116.1126.1125.3150.3201.5215.4127.4129.0127.6117.1130.8141.1153.7175.8

184.1199.5206.6215.7

203.9208.0220.9228.7

Non-dur-able

goods

22.015.217.0

16.818.414.318.519.719.122.221.524.524.4

29.528.928.930.930.333.536.839.041.345.3

45.847.954.055.057.461.465.265.074.079.084.191.8

106.4129.4122.5115.5140.8160.1160.4162.2137.5132.6124.2132.0150.6147.5120.2117.1133.9125.6110.5131.6145.1140.8

144.3151.9150.8155.3135.0148.9150.6155.6

Services

Total

8.04.96.1

6.28.8

15.823.024.628.212.010.613.113.0

13.617.121.425.125.428.630.031.834.633.8

34.934.335.535.436.537.743.047.549.655.257.452.753.955.656.652.956.157.765.375.378.484.786.186.4

103.8102.486.090.786.381.679.184.690.591.4

94.8105.6108.2106.5

101.6102.5101.8103.7

Factorin-

come *

2.61.32.2

2.01.91.71.92.12.51.92.12.32.6

2.83.12.93.13.33.63.43.43.74.0

4.64.84.65.15.66.27.07.58.6

12.0

12.59.8

10.213.917.716.316.716.121.130.835.941.140.537.448.944.141.444.740.835.133.536.239.840.143.651.652.048.5

43.544.643.744.9

Other

5.43.64.04.16.9

14.221.222.525.710.18.5

10.810.4

10.814.018,421.922.125.026.628.430.929.8

30.329.630.930.330.931.636.040.041.043.2

45.042.943.741.738.936.639.341.644.244.542.443.645.749.054.958.344.646.045.546.545.648.550.751.2

51.354.056.258.0

58.157.958.158.9

1 Factor income exports less factor income imports equals rest-of-the-world product.


275


TABLE B-21.—Relation of gross national product, net national product, and national income, 1929-85


Year or quarterGross

nationalproduct

Less-.Capital

consump-tion

allowanceswith

capitalconsump-

tionadjustment

Equals:Net

nationalproduct

Less:

Indirectbusinesstax andnontaxliability

Busi-ness

transferpay-

ments

Statis-tical

discrep-ancy

Plus.-Subsidies

lesscurrentsurplus

ofgovern-mententer-prises

Equals:Nationalincome

1929 103.91933 56.01939 91.31940 100.41941 125.51942 159.01943 192.71944 211.41945 213.41946 212.41947 235.21948 261.61949 260.41950 288.31951 333.41952 351.61953 371.61954 372.51955 405.91956 428.21957 451.01958 456.81959 495.81960 515.31961 533.81962 574.61963 606.91964 649.81965 705.11966 772.01967 816.41968 892.71969 963.91970 1,015.51971 1,102.71972 1,212.81973 1,359.31974 1,472.81975 1,598.41976 1,782.81977 1,990.51978 2,249.71979 2,508.21980 2,732.01981 3,052.61982 3,166.01983 3,401.61984 3,774.71985" 3,992.51982:1 3,112.6

II 3,159.5III 3,179.4IV 3,212.5

1983:1 3,268.7II 3,365.1III 3,437.5IV 3,535.0

1984:1 3,676.5II 3,757.5III 3,812.2IV 3,852.5

1985:1 3,917.5II 3,960.6III 4,016.9IV 4,075.1

9.97.69.09.410.311.311.612.012.414.217.620.422.023.627.229.230.932.534.438.141.142.844.646.447.849.451.453.957.462.167.473.981.488.897.5107.9118.1137.5161.8179.2201.5229.9265.8303.8347.8383.2399.6418.9438.2373.3379.8386.3393.2394.5396.1403.3404.4409.1416.4422.5427.7430.5433.8441.4447.3

94.048.482.3

91.1115.3147.7181.1199.4201.0198.2217.6241.2238.4

264.6306.2322.5340.7340.0371.5390.1409.9414.0451.2

468.9486.1525.2555.5595.9647.7709.9749.0818.7882.5

926.61,005.11,104.81,241.21,335.41,436.61,603.61,789.02,019.82,242.4

2,428.12,704.82,782.83,002.03,355.83,554.3

2,739.32,779.62,793.12,819.3

2,874.12,969.03,034.23,130.6

3,267.43,341.13,389.73,424.8

3,487.03,526.83,575.53,627.8

7.17.19.4

10.111.311.812.814.215.517.118.420.121.3

23.425.327.729.729.632.235.037.438.641.7

45.348.051.554.658.762.565.270.178.786.3

94.0103.4111.1120.8129.0140.0151.7165.7178.1189.4

213.3251.5258.8282.5310.6328.5

254.5256.2260.1264.5

267.0281.1288.3293.7

302.4308.8314.0317.4

321.3329.8329.8333.0

0.6.7.5.4.5.5

'.5

'.5.6.7

.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

12.112.414.315.617.319.3

13.414.114.615.2

15.315.515.716.1

16.517.117.618.1

18.619.119.620.1

1.51.21.7

1.4.7

-.7-1.7

2.74.0

.71.8

-1.3

2.71.82.62.71.8

-1.9-1.2-.1

-1.5

-2.8-1.2

.0-.6

-1.4-1.2

2.1-.4

-1.1-3.9

-1.11.8

-1.6-4.3-1.7

2.53.6

.0-1.9-1.0

4.94.1

1.5.7

4.81.03.26.8

1.44.3

-4.3-1.2

2.8-1.9

.8-7.6

2.5-4.7

2.5

-0.2.0.4

.4

.1

.1

16.7.9

-.2-.1-.3

.1-.1-.3-.5

~'.0.7.1

1.1.1

.41.71.81.11.71.62.51.61.41.9

2.92.63.73.51.22.41.03.03.93.5

5.76.78.7

13.910.19.9

6.95.66.7

15.4

10.310.813.021.5

22.04.06.97.4

10.79.54.4

14.9

84.739.471.2

79.6102.8136.2169.7182.6181.6180.7196.6221.5215.2

239.8277.3291.6306.6306.3336.3356.3372.8375.0409.2

424.9439.0473.3500.3537.6585.2642.0677.7739.1798.1

832.6898.1994.1

1,122.71,203.51,289.11,441.41,617.81,838.22,047.3

2,203.52,443.52,518.42,718.33,039.33,215.6

2,483.12,514.02,528.42,548.2

2,603.62,678.92,747.42,843.5

2,967.73,021.13,064.23,104.4

3,155.33,192.23,228.0


276


TABLE B~22.—Relation of national income and personal income, 1929-85


Year or quarter

19291933 . .193919401941194219431944194519461947 .194819491950195119521953 . .195419551956195719581959196019611962 . .1963196419651966196719681969 .19701971197219731974197519761977.....19781979198019811982198319841985 "1982: I

||HIIV

1983: IIII I IIV. .

1984: 1III l lIV

1985: IHI I IIV P

Nationalincome

84.739.471.279.6

1028136.2169.71826181.6180.71966221.521522398277.329163066306.33363356.3372.83750409.2424.94390473350035376585264206777739.17981832689819941

1,1227120351,289.1144141,617.81,838 2204732,203.524435251842,718.33,039 3321562,483.1251402,528.4254822,603.626789274742,843.52,967.73,021.13,064.23,104.43,155.33 19223,228.0

Corporateprofits

withinventoryvaluation

andcapital

consump-tion

adjust-ments

9.6-1.5

5.58.8

14319724.024219717.222930.328034939937537736.647145745.340351.449550358363670781386684190.787474787 1

10071133101 711761452174.81972200 1177218801500213.827332990149.91496154.31461173.4205922842476268.0277.82712276.2281.7288 1309.1

Le

Netinterest

4.7413.63.333312.7232.21.8232.426303539445.258657.895

10.211312914616318220924327429834641246351059675 583'8888

105312631583200924812723273.630022877273.02802269.12669268.526942764280.3286.9297.6309.5307.0302.92924281.82737

SS:

Contribu-tions for

socialinsurance

0.3.3

2.22,428354.6526.37.7676.06674889396

10.612013515.515918.821.922925428.530131640645550.4579622689790976

110 511851345149.817171978216525122696290.832523549265.22687271.32730284.128832924298.5318.6323.2327.4331.7348.03529356.4362.3

Wageaccruals

lessdisburse-

ments

0.0.0.0.000.2

_ 2.0.00.000.10

_ 1.00.0.00.0.000.000oo0oo60

_ 1511.13201o

_.422

-.10.00.0

13_ 4

.0

.2

.2

.0

.6

.110.0.0

Govern-ment

transferpayments

topersons

0.91.52.52.7262.72.5315.6

10.811210.611714411612213115316417520.324725727.531532634536039143652360.6675818970

10841241147 418572028217.523482628312635573962426.643744652374.73864403.74202422.342964256428.8433.8436.4438.4441.1459.04619468.6471.3

Pli

Persona!interestincome

6.95.55.35.3535.25.15.25,86.67.58.08796

10.411212.413.714916618.720322.324.926328.932.235539.644248253.260969.374780893.3

111912251341155.418252215271.9335.43697385.744224565367.53770368.0366.2371.13772392.1402.6417.2433.6456.8461.3462.84605450.6452.1

JS:

Personaldividendincome

5.82 03.84.0444.34.44.64.65.66.37.07 2888.5858.89.1

10311.111.511.312,212.913314.415.517319.119420.221.922422222624126.628928733838.243048152.961363968.074678963.663163.665.466.566968.370.272.174.175.376.977.978779.179.8

Businesstransfer

payments

0.67.5.455.55.5.56.788.9

10121.1121.41.51.61.82.02 02.12.42 72.8303.13.43.94.1444.95.5587.4798.69.3

10312.112.414315.617319313.414114.615.215.315515.716.116.517.117.618.118.619119.620.1

Equals:

Personalincome

84.346.372.177.695.2

122.4150.7164.5170.0177.6190.2209.22064228.1256.52738290.5293.03142337.2356.3367.1390.7409.4426.0453.2476.3510.2552.0600.8644.5707.2772.9831.8894.0981.6

1,101.71 21011313.41 451.41,607.51,812.42 034.02,258.52,520.92 670.82,836.43,111.93 294.22,614.32,655.92,683.62,729.22,752.82,805.72,852.42,934.83,033.83,083.53,144.23,186.23,240.9328013,298.53,357.4


277


TABLE B-23.—National income by type of income, 1929-85


Year or quarter

192919331939194019411942194319441945194619471948194919501951 .. .1952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985"1982:1

I II l lIV

1983- 1I II l lIV

1984:1III l lIV

1985- 1I II l lIV "

Nationalincome1

84.739.471.279.6

102.8136.2169.7182.6181.6180.7196.6221.5215.2239.8277.3291.6306.6306.3336.3356.3372.8375.0409.2424.9439.0473.3500.3537.6585.2642.0677.7739.1798.1832.6898.1994.1

1,122.71,203.51,289.11,441.41,617.81,838.22,047.3220352,443.52,518.42,718.33,039.33,215.62,483.12,514.02,528.42,548.22,603.62,678.92,747.42,843.52,967.73,021.13,064.23,104.43,155.33,192.23,228.0

Compensationof employees

Total

51.129.648.252.264.885.3

109.6121.3123.3119.6130.1142.1142.0155.4181.6196.3210.4209.4225.9244.7257.8259.8281.2296.7305.6327.4345.5371.0399.8443.0475.5524.7578.4618.3659.4726.2812.8891.3948.7

1,057.91,176.61,329.21,491.41,638.21,807.41,907.02,025.92,221.32,372.71,879.21,899.31,918.41,931.11,962.42,001.52,041.82,097.62,160.92,204.82,241.22,278.52,320.42,356.92,385.22,428.1

Wagesand

salaries

50.529.046.049.962.182.1

105.8116.7117.5112.0123.1135.5134.7147.2171.6185.6199.0197.2212.1229.0239.9241.3259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5584.5638.7708.6772.2814.7899.6994.0

1,119.61,251.91,372.01,510.41,586.11,675.41,835.21,960.51,566.11,580.11,594.61,603.71,623.71,654.41,687.61,735.81,782.41,821.01,852.81,884.41,917.71,947.61,970.12,006.5

Supple-ments

towages

andsal-

aries2

0.7.6

2.22.32.83.23.84.55.87.67.06.57.38.2

10.010.711.512.113.815.717.818.521.423.825.128.130.733.236.142.746.652.860.166.874.987.6

104.2119.1134.0158.3182.6209.7239.5266.3297.1320.9350.5386.2412.2313.1319.2323.8327.4338.8347.1354.3361.8378.5383.8388.4394.0402.7409.4415.1421.6

Proprietors' income with inventory valuation and capital consumptionadjustments

Total

14.45.4

11.412.617.123.928.830.031.536.335.540.435.938.844.044.443.443.545.446.948.851.551.752.154.356.657.760.565.169.671.175.479.380.286.898.3

119.0118.8125.4137.7152.9176.2191.9180.7186.8175.5192.3233.7242.4166.2173.0174.6188.3185.9187.3188.8207.1240.3229.1232.3232.9239.4240.9237.5251.6

Farm

Total

6.12.54.44.46.4

10.112.011.912.414.815.117.512.813.616.015.013.012.411.311.111.013.110.811.612.012.111.910.713.014.012.712.814.614.715.519.433.727.525.420.620.527.031.720.530.724.614.332.121.023.323.622.928.518.711.86.6

20.044.429.427.826.626.522.812.222.5

Propri-etors'

in-come3

6.32.54.54.56.5

10.312.212.212.615.215.618.213.514.316.815.913.913.212.112.011.914.011.712.412.812.912.611.413.714.813.613.715.816.016.821.135.630.129.024.625.132.438.028.139.433.923.741.329.732.632.932.238.028.221.316.029.353.638.737.235.835.431.620.930.9

Capitalcon-

sump-tion

adjust-ment

-0.2.0

-.1-.1-.2-.2-.2-.3-.3-.4-.5-.7-.7-.7-.8-.9-.9-.8-.8_ g-i9-.9-.9-.8-.8-.8_ 7_ 7->-.8-.8-.9

-1.1-1.3-1.3-1.7-1.9-2.6-3.6-4.0-4.6-5.3-6.3-7.6-8.7-9.3-9.4-9.3-8.7-9.3-9.3-9.3-9.4-9.4-9.5-9.5-9.3-9.2-9.3-9.3-9.2-8.9-8.8-8.7-8.4

Nonfarm

Total

8.32.97.18.2

10.813.816.818.119.121.520.422.923.125.228.029.430.431.134.035.837.838.540.940.542.344.445.749.852.155.558.462.664.765.471.479.085.391.3

100.0117.1132.4149.2160.1160.1156.1150.9178.0201.6221.3143.0149.4151.7159.8167.2175.5182.3187.1195.9199.7204.5206.3212.9218.1225.3229.1

Propri-etors'

in-come4

8.83.97.68.6

11.714.417.118.319.323.321.823.122.225.727.728.529.830.433.535.437.237.740.139.741.743.845.149.151.855.558.463.165.166.072.379.687.295.3

102.2119.6135.1152.8164.0164.3155.2148.5167.7183.6193.5140.2147.4149.5156.9160.8165.7170.9173.3180.9182.5185.6185.4188.3190.3195.3199.9

Inven-tory

valua-tion

adjust-ment

0.1_ 5-2

.0-.6-.4_ 2-.1-.1

-1.7-1.5_ 4

^5-1.1-.3

.2— 2

.0-.2-.5-.3-.1

.0

.0

.0

.0

.0-.1-.2-.2-.2-.4-.5-.5-.6-.7

-2.0-3.8-1.2-1.3-1.3-2.3-2.9-2.9-1.4-.5-.9-.5— .3-.4-.6-.4-.6-.6-.9

-1.3-.8

-1.3-.3-.1-.2-.3-.2

.4-1.1

Capitalcon-

sump-tion

adjust-ment

-0.6-.5-.4-.3-.3-.3-.2_ \-'.I-.1

.1

.2

.5

.6

.6

.7

.7

.8

.7

.9

.9

.9

.9

.8

.6

.6

.7

.7

.4

'.2-.1

.1

.0-.3

!l-.3

-1.0-1.3-1.4-1.4-1.0-1.2

2.32.9

11.218.528.2

3.22.52.53.57.0

10.612.714.616.317.519.021.224.927.929.630.4

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-21.

2 Employer contributions for social insurance and to private pension, health, and welfare funds; workers' compensation; directors'fees; and a few other minor items.


278


TABLE B-23.—National income by type of income, 1929-85—Continued


Year or quarter

1929193319391940194119421943194419451946194719481949195019511952195319541955 .. . .195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985 "1982- 1

III l lIV

1983- 1IIHIIV.. ..

1984:1||I I IIV

1985- 1III l lIV P

Rental income of personswith capital consumption

adjustment

Total

4.92.02.62.73.24.14.64.85.05.85.86.46.77.78.39.4

10.711.612.012.413.113.914.615.315.816.517.117.318.118.619.618.418.418.218.617.918.016.113.511.98.29.35.66.6

13.313.612.810.814.014.811.912.015.813.314.811.911.011.611.910.09.7

11.013.814.516.5

Rentalincome

ofpersons

5.62.13.23.34.05.15.76.16.57.58.29.19.4

10.511.512.713.914.915.315.916.517.318.018.719.119.820.320.521.322.223.522.924.224.625.926.528.128.928.628.928.834.235.741.452.254.454.454.057.455.852.752.856.555.155.954.152.753.355.153.753.854.356.658.160.4

Capitalcon-

sumptionadjust-ment

07-.1-.5

6-.8-.9

-1.1-1.3-1.5-1.7-2.4

2 7-2.7-2.8-3.2-3.3-3.3

32-3^3-3.5-3.5-3.4

3434

-3.3-3.3-3.2-3.2

33-3.6

39-4.5

5864

-7.486

-10.1-12.7

150-17.0-20.6

249-30.1

348-38.9-40.8

417-43.2-43.4

41 1-40.7-40.7

407-41.8-41.1-42.2-41.7-41.7-43.2-43.7-44.1-43.4-42.8-43.7-43.9

Corporate profits with inventory valuation and capital consumption adjustments

Total

9.6-1.5

5.58.8

14.319.724.024.219.717.222.930.328.034.939.937.537.736.647.145.745.340.351.449.550.358.363.670.781.386.684.190.787.474.787.1

100.7113.3101.7117.6145.2174.8197.2200.1177.2188.0150.0213.8273.3299.0149.9149.6154.3146 1173.4205.9228.4247.6268.0277.8271.2276.2281.7288.1309.1

Profits with inventory valuation adjustment and withoutcapital consumption adjustment

Total

10.5-1.2

6.59.8

15.420.524.524.019.319.625.933.431.137.943.340.640.238.447.546.946.641.652.349.850.155.259.866.276.281.278.685.481.469.582.794.9

107.199.4

123.9155.3183.8208.2214.1194.0202.3159.2195.0232.3227.2164.0160.7161.61507163.7190.5207.3218.7234.4241.8226.5226.3220.6220.9233.2

Profits

Profitsbefore

tax

10.01.07.2

10.017.921.725.324.219.824.831.835.629.242.944.539.641.238.749.249.648.141.952.649.949.855.159.866.777.483.380.189.187.276.087.3

101.5127.2138.9134.8170.3200.4233.5257.2237.1226.5169.6205.0237.6227.6171.7171.0171.6164 1167.1199.8225.4227.6247.4247.4227.7228.0220.0218.7228.6

Profitstax

liability

1.4.5

1.42.87.6

11.414.112.910.79.1

11.312.410.217.922.619.420.317.622.022.021.419.023.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273,083.588.084.881.163.175.293.685.764.264.064.359858.973.884.184.099.1

100.687.487.483.482.387.4

Profits after tax

Total

8.6.4

5.77.2

10.310.311.211.39.1

15.720.523.219.025.021.920.220.921.127.227.626.722.928.927.227.131.233.538.746.549.647.549.747.541.749.659.677.987.183.9

106.0127.4150.0169.2152.3145.4106.5129.8144.0141.9107.51070107.31043108.2126.0141.3143.6148.3146.7140.3140.6136.6136.4141.1

Divi-dends

5.82.03.84.04.44.34.44.64.65.66.37.07.28.88.58.58.89.1

10.311.111.511.312.212.913.314.415.517.319.119.420.222.022.522.522.924.427.029.729.634.639.544.750.154.763.666.970.878.183.566.466066.668569.369.671.173.175.377.578.980.782.083.183.9850

Undis-tributedprofits

2.8-1.6

2.03.25.86.06.76.74.5

10.214.216.211.816.213.411.812.111.916.916.615.211.616.714.313.716.818.021.427.430.227.327.725.019.226.635.250.857.354.371.487.9

105.2119.197.681.839.659.065.958.341.140940.735838.956.470.370.673.169.261.360.054.653.357.3

Inven-toryvalu-ation

adjust-ment

0.5-2.1_ 7

-.225

-1.2-.8-.3-.653

-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

12-2.1-1.6-3.7-5.9

66-4.6

66-20.0-39.5-11.0-14.9-16.6-25.3-43.2

43 i-24.2-10.4-10.0-5.4-.4

-7.7-103

10013434

-9.3-18.1-8.9

-13.056

-1.3-1.6

.72.24.7

-9.0

Capitalcon-

sumptionadjust-ment

09-.3

-1.0-1.1-1.1-.8-.5

.2

.4-2.4-2.9-3.2-3.0-3.0-3.4-3.2-2.5

1 8-.4

-1.2-1.3-1.3-.8

3.2

3.13.84.55.25.45.55.36.15.24.35.86.22.3

-6.2-10.1-9.0109

-14.0168

-14.4-9.218.841.071.8

-14.1-11.1-7.3

459.7

15.521.028.933.536.044.849.861.167.275.983.2

Netinterest

4.74.13.63.33.33.12.72.32.21.82.32.42.63.03.53.94.45.25.86.57.89.5

10.211.312.914.616.318.220.924.327.429.834.641.246.351.059.675.583.888.8

105.3126.3158.3200.9248.1272.3273.6300.2287.7273.0280.2269.12669268.5269.4276.4280.3286.9297.6309.5307.0302.9292.4281.8273.7

3 With inventory valuation adjustment and without capital consumption adjustment.4 Without inventory valuation and capital consumption adjustments.Source: Department of Commerce, Bureau of Economic Analysis.

279


TABLE B-24.—Sources of personal income, 1929-85


Year or quarter

19291933.1939

19401941.19421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973 .197419751976197719781979

19801981 . .1982198319841985"

1982- 1 .I II l lIV

1983: 1I I . . .I l lIV

1984- 1||I I IIV

1985: 1III I II V "

Personalincome

84.346.372.1

77.695.2

122.4150.7164.5170.0177.6190.2209.2206.4

228.1256.5273.8290.5293.0314.2337.2356.3367.1390.7

409.4426.0453.2476.3510.2552.0600.8644.5707.2772.9

831.8894.0981.6

1,101.71,210.11,313.41,451.41,607.51,812.42,034.0

2,258.52,520.92,670.82,836.43,111.93,294.2

2,614.32,655.92,683.62,729.2

2,752.82,805.72,852.42,934.8

3,033.83,083.53,144.23,186.2

3,240.93,280.13,298.53,357.4

Wage and salary disbursements *

Total

50.529.046.0

49.962.182.1

105.6116.9117.5112.0123.1135.5134.8

147.2171.5185.6199.0197.2212.1229.0239.9241.3259.8

272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3

551.5583.9638.7708.7772.6814.6899.5993.9

1,119.31,252.1

1,372.01,510.31,586.11,675.81,834.91,960.7

1,566.31,580.01,594.61,603.6

1,623.71,655.71,688.01,735.8

1,782.21,820.81,852.91,883.9

1,917.61,948.61,970.12,006.5

Commodity-producingindustries

Total

21.59.8

17.4

19.727.539.149.050.445.946.054.261.157.8

64.876.482.189.885.893.3

100.8104.4100.3109.9

113.4114.0122.2127.4136.0146.6161.6169.0184.1200.4

203.7209.1228.2255.9276.5277.1309.7346.1392.3441.4

470.7512.2511.7523.0577.9607.2

519.3515.8509.8501.8

505.4513.8528.0544.9

562.9574.3583.2591.2

600.1604.7607.6616.3

Manu-facturing

16.17.8

13.6

15.621.730.940.942.938.236.542.547.144.6

50.359.464.271.367.673.979.582.578.786.9

89.889.996.8

100.7107.3115.7128.2134.3146.0157.7

158.4160.5175.6196.6211.8211.6238.0266.7300.1334.8

355.6386.7384.0397.4438.9457.5

389.2386.5383.0377.4

381.7390.9401.8415.1

427.8436.3442.6449.0

453.5454.9457.2464.4

Distrib-utiveindus-tries

15.68.8

13.3

14.216.318.020.122.724.831.035.237.537.7

39.944.447.049.950.353.658.060.761.165.1

68.669.673.376.882.087.995.1

101.6110.8121.7

131.2140.4153.3170.3186.8198.1219.5242.7274.6307.8

335.5366.8384.2404.2441.6468.8

378.5382.5386.4389.3

391.4400.3405.6419.5

428.2439.1446.1453.0

459.8467.4471.2476.8

Serviceindus-tries

8.45.27.1

7.58.19.09.9

10.911.914.316.117.918.5

19.921.623.225.026.228.731.533.835.938.8

41.744.447.650.754.959.465.372.080.490.6

99.4107.9119.7133.9148.6163.4181.6202.8232.9266.8

305.6346.9384.4424.4469.4513.9

369.8378.5390.7398.5

408.9419.0428.0441.9

453.2464.3474.4485.5

495.2508.1518.7533.6

Govern-mentand


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

117.1126.5137.4148.7160.9176.0188.6202.3219.4236.1

260.2284.4305.9324.2346.1370.8

298.7303.2307.7314.0

318.1322.7326.5329.6

337.8343.2349.2354.1

362.5368.4372.6379.7

Otherlabor

income »

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

32.536.743.049.256.565.979.394.1

107.7122.7

138.4150.3163.6179.5193.4206.4

158.6162.3165.6168.0

171.8177.5182.3186.3

189.7192.2194.4197.2

200.9204.8208.4211.5

Proprietors' incomewith inventoryvaluation and

capitalconsumptionadjustments

Farm

6.12.54.4

4.46.4

10.112.011.912.414.815.117.512.8

13.616.015.013.012.411.311.111.013.110.8

11.612.012.111.910.713.014.012.712.814.6

14.715.519.433.727.525.420.620.527.031.7

20.530.724.614.332.121.0

23.323.622.928.5

18.711.86.6

20.0

44.429.427.826.6

26.522.812.222.5

Nonfarm

8.32.97.1

8.210.813.816.818.119.121.520.422.923.1

25.228.029.430.431.134.035.837.838.540.9

40.542.344.445.749.852.155.558.462.664.7

65.471.479.085.391.3

100.0117.1132.4149.2160.1

160.1156.1150.9178.0201.6221.3

143.0149.4151.7159.8

167.2175.5182.3187.1

195.9199.7204.5206.3

212.9218.1225.3229.1

1 The total of wage and salary disbursements arid other labor income differs from compensation of employees in Table B-23 in that itexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.


280


TABLE B-24.—Sources of personal income, 1929-85—Continued


Year or quarter

19291933193919401941194219431944194519461947194819491950195119521953 .1954195519561957195819591960 ~19611962196319641965196619671968196919701971197219731974 . .19751976 . .1977197819791980198119821983. . .19841985"1982- 1

III l lIV

1983: IIII l lIV

1984: 1 ,..III I IIV

1985- 1IIIllIV "

Rentalincome

ofpersons

withcapital

con-sumption

adjust-ment

4.92.02.62.73.24.14.64.85.05.85.86.46.77.78.39.4

10.711.612.012.413.113.914.615.315.816.517.117.318.118.619.618.418.418.218.617.918.016.113.511.98.29.35.66.6

13.313.612.810.814.014.811.912.015.813.314.811.911.011.611.910.09.7

11.013.814.516.5

Personaldividendincome

5.82.03.84.04.44.34.44.64.65.66.37.07.28.88.58.58.89.1

10.311.111.511.312.212.913.314.415.517.319.119.420.221.922.422.222.624.126.628.928.733.838.243.048.152.961.363.968.074.678.963.663.163.665.466.566.968.370.272.174.175.376.977.978.779.179.8

Personalinterestincome

6.95.55.35.35.35.25.15.25.86.67.58.08.79.6

10.411.212.413.714.916.618.720.322.324.926.328.932.235.539.644.248.253.260.969.374.780.893.3

111.9122.5134.1155.4182.5221.5271.9335.4369.7385.7442.2456.5367.5377.0368.0366.2371.1377.2392.1402.6417.2433.6456.8461.3462.8460.5450.6452.1

Transfer payments

Total

1.52.13.03.13.13.13.03.66.2

11.311.711.312.515.212.613.314.316.317.718.921.826.327.429.533.534.736.938.741.946.655.564.071.485.9

101.5113.3129.6153.2193.1210.7226.1244.0273.1324.7368.1410.6442.2454.7484.5388.1400.4418.3435.4437.6445.0441.3444.9450.4453.5456.0459.2477.6481.0488.1491.4

Old-age,survivors,disability,

andhealthinsur-ance

benefits

0.0.0.1.1.2.2.3.4

'.B.1

1.01.92.23.03.64.95.77.38.5

10.211.112.614.315.216.018.120.825.530.232.938.544.549.660.470.181.492.9

104.9116.2131.8154.2182.0204.5221.7235.7253.4195.2197.3209.0216.6217.4220.2222.0227.0231.3233.7236.0241.8249.2250.7256.5257.3

Govern-ment

unem-ployment

insur-ance

benefits

0.4.5.4.4.1.1.4

1.1.8.9

1.91.5.9

1.11.02.21.51.51.94.12.83.04.33.13.02.72.31.92.22.12.24.05.85.74.46.8

17.615.812.79.79.8

16.115.925.226.315.815.519.223.826.031.830.231.823.219.917.415.615.015.416.615.814.814.8

Veteransbenefits

06.6

.5

.5

.5

.51.03.07.07.05.95.37.74.64.34.14.24.44.44.54.74.64.65.04.74.84.74.94.95.65.96.77.78.89.7

10.411.814.514.413.813.914.415.016.116.416.616.416.816.316.216.316.616.816.616.616.516.416516.516.316.917.016.716.6

Govern-ment

employ-ees

retire-ment

benefits

01.2.3.3.3.3.4.4.5.7.7.7.9

1.01.11.21.41.51.71.92.22.52.83.13.43.74.24.75.26.16.97.68.7

10.211.813.816.019.022.726.129.032.736.943.049.454.658.760.866.651.754.855.656.156.758.459.560.261.161.862.557.765.366.267.068.0

Aid tofamilies

withdepend-

entchildren(AFDC)

0.3.4.5.6.6.5.5.6.6.6.7.8.9

1.01.11.31.41.51.71.92.32.83.54.86.26.97.27.99.2

10.110.610.711.012.413.013.314.214.915.413.213.213.313.614.014.214.314.415.015.114.614.815.115.315.515.6

Other

0.81.41.71.71.81.81.82.02.02.12.52.93.33.53.63.94.24.24.54.85.25.76.26.77.17.68.39.19.8

11.213.015.317.320.724.527.631.237.547.651.555.160.969.184.091.896.5

104.7111.1116.892.495.098.1

100.6102.3103.8105.8106.8109.1110.7111.3113.2114.5116.1117.6119.0

Less:Personalcontribu-tions for

socialinsurance

0.12.6.7.8

1.21.82.22.32.02.12.22.22.93.43.84.04.65.25.86.76.97.99.39.7

10.311.812.613.317.820.622.926.227.930.734.542.647.950.455.561.269.881.088.6

104.5112.3119.8132.4149.1110.8111.8113.1113.5117.1118.7120.4123.0129.7131.7133.4134.9146.3148.3149.7152.1

Nonfarmpersonalincome2

172.0188.3190.6211.2237.1255.4274.2277.5299.6322.8341.9350.4376.2393.9409.9436.7460.0494.9534.0581.5626.3688.7752.1810.4871.8955.0

1,059.71,172.61,276.91,417.91,572.61,769.31,983.22,215.82,465.62,618.72,795.33,053.33,247.12,564.32,604.82,632.82,672.82,706.72,767.02,819.22,888.32,962.93,027.63,089.83,132.73,188.13,231.03,260.43,308.9

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.

281


TABLE B-25.—Disposition of personal income, 1929-85


Year or quarter

192919331939.

1940194119421943.. .19441945194619471948.1949

19501951195219531954195519561957.19581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979.

19801981.. . .1982198319841985 "

1982: 1I IHiIV

1983- 1I II l lIV

1984: 1I II l lIV

1985: IilI l lI V "

Personalincome

84.346.372.1

77.695.2

122.4150.7164.5170.0177.6190.2209.2206.4

228.1256.5273.8290.5293.0314.2337.2356.3367.1390.7

409.4426.0453.2476.3510.2552.0600.8644.5707.2772.9

831.8894.0981.6

1,101.71,210.11,313.41,451.41,607.51,812.42,034.0

2,258.52,520.92,670.82,836.43,111.93,294.2

2,614.32,655.92,683.62,729.2

2,752.82,805.72,852.42,934.8

3,033.83,083.53,144.23,186.2

3,240.93,280.13,298.53,357.4

Less:Personaltax andnontax

payments

2.61.42.4

2.63.35.9

17.818.920.818.721.421.018.5

20.628.934.035.532.535.439.742.442.246.1

50.552.257.060.558.865.274.982.497.7

116.3

116.2117.3142.0152.0171.8170.6198.7228.1261.1304.7

340.5393.3409.3411.1441.8493.1

407.1414.1405.0411.1

407.4418.0404.4414.4

423.6433.6447.5462.4

501.7462.4498.2510.1

Equals-.Dispos-

ablepersonalincome

81.744.969.7

75.091.9

116.4132.9145.6149.2158.9168.8188.1187.9

207.5227.6239.8255.1260.5278.8297.5313.9324.9344.6

358.9373.8396.2415.8451.4486.8525.9562.1609.6656.7

715.6776.8839.6949.8

1,038.41,142.81,252.61,379.31,551.21,729.3

1,918.02,127.62,261.42,425.42,670.22,801.1

2,207.22,241.82,278.62,318.1

2,345.52,387.72,447.92,520.4

2,610.22,649.92,696.72,723.8

2,739.22,817.72,800.22,847.2

Less: Personal outlays

Total

79.246.567.9

72.081.989.5

100.2109.0120.5145.3163.6177.0180.6

194.8211.0222.4236.7244.1262.8276.2291.2300.6322.8

338.1348.9370.2391.2419.9452.5489.9516.9567.1614.5

657.9710.5778.2860.8941.7

1,038.21,156.91,288.61,441.11,611.3

1,781.11,968.12,107.52,292.22,497.72,671.4

2,052.22,080.12,122.62,174.9

2,205.22,271.32,319.02,373.3

2,428.72,487.42,515.22,559.4

2,608.42,650.62,697.62,729.2

Personalcon-

sumptionexpendi-

tures

77.345.867.0

71.080.888.699.5

108.2119.6143.9161.9174.9178.3

192.1208.1219.1232.6239.8257.9270.6285.3294.6316.3

330.7341.1361.9381.7409.3440.7477.3503.6552.5597.9

640.0691.6757.6837.2916.5

1,012.81,129.31,257.21,403.51,566.8

1,732.61,915.12,050.72,229.32,423.02,581.9

1,996.32,023.82,065.62,117.0

2,146.02,210.12,254.92,306.3

2,358.62,414,42,439.02,480.1

2,525.02,563.32,606.12,633.3

Interestpaid by

consum-ers tobusi-ness

1.5.5.7

.8

.9

.7

.5

.5

.5

.71.01.41.7

2.32.52.93.63.84.45.15.55.66.1

7.07.37.88.89.9

11.112.012.513.815.6

16.717.719.522.324.124.426.630.536.743.5

47.452.055.561.873.387.4

54.655.055.856.8

58.360.263.065.9

68.671.775.177.8

81.285.489.393.8

Per-sonal

transferpay-

mentsto

for-eigners

(net)

0.3.2.2

.2

.2

.1

.2

.4

.5

.7

.7

.7

.5

.4

.4

.4

.5

.5

.4

.5

.5

.4

.4

.4

.5

.5

.6

.7

.7

.7

.9

.91.0

1.21.21.11.31.01.01.0.9.9

1.0

1.11.01.31.01.32.1

1.31.41.21.1

.91.01.11.2

1.41,21.21.5

2.11.82.22.1

Equals:Personalsaving

2.6-1.6

1.8

3.010.027.032.736.528.713.65.2

11.17.4

12.616.617.418.416.416.021.322.724.321.8

20.824.925.924.631.534.336.045.142.542.2

57.766.361.489.096.7

104.695.890.7

110.2118.1

136.9159.4153.9133.2172.5129.7

155.0161.7156.0143.1

140.3116.4129.0147.1

181.6162.6181.5164.5

130.9167.2102.6118.1

Percent of disposablepersonal income

Personal outlays

Total

96.8103.697.4

96.089.176.875.474.980.891.496.994.196.1

93.992.792.792.893.794.292.892.892.593.7

94.293.493.594.193.093.093.292.093.093.6

91.991.592.790.690.790.892.493.492.993.2

92.992.593.294.593.595.4

93.092.893.293.8

94.095.194.794.2

93.093.993.394.0

95.294.196.395.9

Personalconsump-

tionexpend-itures

94.5102.196.2

94.787.976.174.874.480.290.695.993.094.9

92.691.491.491.292.092.590.990.990.791.8

92.191.391.491.890.790.590.889.69U.69LO

89.489.090.288.288.388.690.291.190.590.6

90.390.090.791.990.792.2

90.490.390.791.3

91.592.692.191.5

90.491.190.491.1

92.291.093.192.5

Personalsaving

3.2-3.6

2.6

4.010.923.224.625.119.28.63.15.93.9

6.17.37.37.26.35.87.27.27.56.3

5.86.66.55.97.07.06.88.07.06.4

8.18.57.39.49.39.27.66.67.16.8

7.17.56.85.56.54.6

7.07.26.86.2

6.04.95.35.8

7.06.16.76.0

4.85.93.74.1


282


TABLE B-26.—Total and per capita disposable personal income and personal consumption expenditures in

current and 1982 dollars, 1929-85

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

Year or quarter

1929 . .1933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968 . .1969.....19701971197219731974197519761977197819791980198119821983 .19841985"1982- 1

IIIIIIV

1983: 1|| .IllIV

1984- 1IIIllIV

1985: 1IIIII.IV P

Disposable personal income

Total (billions ofdollars)

Currentdollars

81.744.969.775.091.9116.4132.9145.6149.2158.9168.8188.1187.9207.5227.6239.8255.1260.5278.8297.5313.9324.9344.6358.9373.8396.2415.8451.4486.8525.9562.1609.6656.7715.6776.8839.6949.8

1,038.41,142.81,252.61,379.31,551.21,729.31,918.02,127.62,261.42,425.42,670.22,801.12,207.22,241.82,278.62,318.12,345.52,387.72,447.92,520.42,610.22,649.92,696.72,723.82,739.22,817.72,800.22,847.2

1982dollars

498.6370.8499.5530.7604.1693.0721.4749.3739.5723.3694.8733.1733.2791.8819.0844.3880.0894.0944.5989.4

1,012.11,028.81,067.21,091.11,123.21,170.21,207.31,291.01,365.71,431.31,493.21,551.31,599.81,668.11,728.41,797.41,916.31,896.61,931.72,001.02,066.62,167.42,212.62,214.32,248.62,261.52,334.62,468.42,509.02,245.72,260.92,263.42,276.12,291.32,309.02,346.92,391.32,446.82,461.82,480.52,484.42,482.72,532.22,503.12,517.9

Per capita(dollars)

Currentdollars

671357532568689863972

1,0521,0661,1241,1711,2831,2601,3681,4751,5281,5991,6041,6871,7691,8331,8651,9461,9862,0342,1232,1972,3522,5052,6752,8283,0373,2393,4893,7404,0004,4814,8555,2915,7446,2626,9687,6828,4229,2479,73210,33911,27911,7279,5339,6619,7939,93710,03310,19210,42310,70611,06411,20911,37911,46511,50611,81411,71011,878

1982dollars

4,0912,9503,8124,0174,5285,1385,2765,4145,2855,1154,8205,0004,9155,2205,3085,3795,5155,5055,7145,8815,9095,9086,0276,0366,1136,2716,3786,7277,0277,2807,5137,7287,8918,1348,3228,5629,0428,8678,9449,1759,3819,7359,8299,7239,7739,7329,95210,42710,5049,7009,7439,7289,7589,8029,8569,99310,15710,37110,41310,46610,45710,42910,61710,46810,504


Total (billions ofdollars)

Currentdollars

77.345.867.071.080.888.699.5108.2119.6143.9161.9174.9178.3192.1208.1219.1232.6239.8257.9270.6285.3294.6316.3330.7341.1361.9381.7409.3440.7477.3503.6552.5597.9640.0691.6757.6837.2916.5

1,012.81,129.31,257.21,403.51,566.81,732.61,915.12,050.72,229.32,423.02,581.91,996.32,023.82,065.62,117.02,146.02,210.12,254.92,306.32,358.62,414.42,439.02,480.12,525.02,563.32,606.12,633.3

1982dollars

471.4378.7480.5502.6531.1527.6539.9557.1592.7655.0666.6681.8695.4733.2748.7771.4802.5822.7873.8899.8919.7932.9979.4

1,005.11,025.21,069.01,108.41,170.61,236.41,298.91,337.71,405.91,456.71,492.01,538.81,621.91,689.61,674.01,711.91,803.91,883.81,961.02,004.42,000.42,024.22,050.72,145.92,239.92,312.62,031.22,041.02,051.82,078.72,096.42,137.22,161.82,188.12,210.92,243.02,243.42,262.02,288.62,303.52,329.62,328.7

Per capita(dollars)

Currentdollars

634365511538606657727782855

1,0181,1231,1931,1951,2671,3491,3961,4581,4771,5601,6081,6661,6921,7861,8291,8571,9402,0172,1332,2682,4282,5342,7522,9493,1213,3303,6093,9504,2854,6895,1785,7076,3046,9607,6088,3248,8259,50310,23510,8108,6238,7218,8789,0759,1809,4349,6019,7969,99710,21210,29110,43910,60610,74710,89810,986

1982dollars

3,8683,0133,6673,8043,9813,9123,9494,0264,2364,6324,6254,6504,6614,8344,8534,9155,0295,0665,2875,3495,3705,3575,5315,5615,5795,7295,8556,0996,3626,6076,7307,0037,1857,2757,4097,7267,9727,8267,9268,2728,5518,8088,9048,7848,7988,8259,1489,4629,6828,7738,7958,8198,9118,9689,1239,2059,2949,3719,4889,4669,5219,6139,6589,7429,715

Popula-tion(thou-sands) '

121,878125,690131,028132,122133,402134,860136,739138,397139,928141,389144,126146,631149,188151,684154,287156,954159,565162,391165.275168,221171,274174,141177,073180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106227,732230,087232,376234,579236,731238,849231,520232,050232,667233,268233,772234,268234,850235,425235,924236,419236,998237,584238,065238,503239,126239,703

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 1959. Quarterly data are averages for the period.

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

283


TABLE B-27.—Gross saving and investment, 1929-85


Year orquarter

19291933193919401941194219431944194519461947 . .. .194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977 .19781979198019811982198319841985 " .1982: 1

||I I IIV

1983-. 1I IIllIV

1984: 1I II l lIV

1985: 1I II l lIV

Gross saving

Total

15.9.9

8.813.518.610.65.83.05.9

35.742.550.836552.558.752.351.051.668.477.377.164.580.584.282.691.498.7

108.5123.5130.3129.5139.7158.8154.7171.9200.7251.9247.9238.7283.0335.4408.6458.4445.0522.0446.4469.8584.5558.7471.6483.4443.1387.4430.0451.2478.5519.8590.5581.3592.8573.5578.3571.7537.3

Gross private saving

Total

14.92.2

11.014.222.442.050.054.945.430.328.142.439944.552.656.158.058.865.272.176.177.182.181.186.895.297.9

110.8123.0131.6143.8145.7148.9164.5190.6203.4244.0254.3303.6321.4354.5409.0445.8478.4550.5557.1600.6693.0697.7547.6561.1565.7554.2580.0575.0605.5642.0684.3678.6708.8700.3677.7723.6681.8

Per-sonalsav-ing

2.6-1.6

1.83.0

10.027.032.736.528.713.65.2

11.17 4

12.616.617.418.416.416.021.322.724.321.820.824.925.924.631.534.336.045.142.542.257.766.361.489.096.7

104.695.890.7

110.2118.1136.9159.4153.9133.2172.5129.7155.0161.7156.0143.1140.3116.4129.0147.1181.6162.6181.5164.5130.9167.2102.6118.1

Gross

nesssav-ing 1

12.33.89.2

11.212.415.017.318.416.816.723.031.332531.836.038.739.642.349.250.853.552.960.360.362.069.373.379.388.795.698.6

103.3106.7106.7124.3142.0155.0157.6198.9225.6263.8298.9327.7341.5391.1403.2467.4520.5568.0392.6399.4409.7411.1439.7458.6476.5495.0502.7516.0527.3535.8546.8556.4579.2

Governmeri( — ), na

prod

Total

1.0-1.4-2.2-.7

-3.8-31.4-44.2-51.8-39.5

5.414.48.4

-348.06.1

-3.8-7.0-7.1

3.15.2

.9-12.6-1.6

3.1-4.3-3.8

.7-2.3

.5-1.3

-14.2-6.0

9.9-10.6-19.5-3.4

7.9-4.3

-64.9-38.4-19.1

-.411.5

-34.5-29.7

-110.8-130.8-108.5-139.0-76.0-77.7

-122.5-166.8-150.0-123.8-127.0-122.2-93.8-97.3

-116.0-126.8

-99.4-151.9-144.5

t surplus or deficit:ional income anduct accounts

Federal

1.2-1.3-2.2-1.3-5.1

-33.1-46.6-54.5-42.1

3.513.48.3

-269.26.5

-3.7-7.1-6.0

4.46.12.3

-10.3-1.1

3.0-3.9-4.2

.3-3.3

.5-1.8

-13.2-6.0

8.4-12.4-22.0-16.8-5.6

-11.6-69.4-53.5-46.0-29.3-16.1-61.3-63.8

-145.9-179.4-172.9-197.3-109.2-112.9-158.8-202.6-187.9-170.6-179.7-179.5-157.8-163.0-178.1-192.7-162.6-209.1-201.3

Stateandlocal

-0.2-.1

.0

.61.31.82.42.72.61.91.0

.1_ 7

-1.2-.4

.0

.1-1.1-1.3-.9

-1.4-2.4-.4

.1-.4

.5

.51.0

.0

.5-1.1

.11.51.82.6

13.513.57.24.5

15.226.928.927.626.834.135.148.664.458.333.235.236.335.837.946.852.757.264.065.762.165.863.257.356.9

Capitalgrants

receivedby theUnitedStates(net) 2

0.9

'.7.0

4 -2.0.0.0.0.0

1.11.21.1.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0

Gross investment

Total

17.41.7

10.615.019.510.24.15.8

10.036.444.349.637.353.261.454.253.654.370.275.475.964.579.081.481.391.598.1

107.1122.3132.4129.2138.6154.9153.6173.7199.1247.6246.2241.2286.6335.3406.7457.4449.9526.1446.3469.2583.0559.4466.8484.4439.9394.2428.5455.5474.2518.6593.3579.4593.6565.8580.8567.0539.9549.9

Grossprivate

domesticinvest-ment

16.71.69.5

13.418.310.36.27.7

11.331.535.047.136.555.160.553.554.954.169.772.771.163.680.278.277.187.693.199.6

116.2128.6125.7137.0153.2148.8172.5202.0238.8240.8219.6277.7344.1416.8454.8437.0515.5447.3501.9674.0670.4459.5467.8452.2409.6425.0483.7521.2577.6658.8673.3687.9676.2657.6672.8666.1685.2

Netforeigninvest-ment3

0.8.2

1.01.51.3-.1

-2.1-2.0-1.3

4.99.32.4

.9-1.8

.9

.6-1.3

.2

.42.84.8

.9-1.2

3.24.23.84.97.56.23.83.51.61.74.81.3

-2.98.85.4

21.69.0

-8.7-10.1

2.613.010.6

-1.0-32.7-91.0

-111.07.3

16.5-12.3-15.4

3.6-28.2-47.0-59.0-65.5-93.9-94.3

-110.4-76.8

-105.8-126.2-135.4

Statis-tical

discrep-ancy

1.51.21.71.4.7

-.7-1.7

2.74.0

.71.8

-1.3.8.8

2.71.82.62.71.8

-1.9-1.2-.1

-1.5-2.8-1.2

.0-.6

-1.4-1.2

2.1-.4

-1.1-3.9-1.1

1.8-1.6-4.3-1.7

2.53.6

.0-1.9-1.0

4.94.1-.1-.6

-1.5.7

-4.81.0

-3.26.8

-1.44.3

-4.3-1.2

2.8-1.9

.8-7.6

2.5-4.7

2.5

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.


284


TABLE B-28.—Saving by individuals, 1946-85 l


Year orquarter

1946194719481949

1950195119521953195419551956....!....195719581959

I96019611962196319641965196619671968'1969

1970197119721973197419751976197719781979

19801981198219831984

1983: 1II . . . .I I I . . .IV...

1984: 1II . . . .I I I . . .IV...

1985: 1II . . . .I I I . . .

Total

24620.124.320.9

30.634.731.332.528.234137236534.138.0

36.735.942.046.756.865.072.476980071.4

86.295.4

108.8133.4127.2151.7163.0166.5190.5197.2

235.1290.2293.5281.7370.5

307.2253.7260.5305.5

333.7358.0396.4394.0

317.8333.7319.3

Increase in financial assets

Total

18813.29.19.9

13.719.123.222.822.228030228631.637.4

32.135.440.146.655.758.857.569775065.0

81.3101.9131.1150.3147.2174.4210.3235.7274.2293.2

319.7356.2365.2437.2521.1

424.3414.3423.0487.3

450.7548.7527.9556.9

473.8501.9491.3

Check-able

depos-its

andcur-

rency

56.1

-?9-2.0

2.64.61.61.02.21 21.8

43.81.0

1.0— .9

-\24.25.37.62.499

11 1-2.5

8.912.313.714.17.36.9

15.719.922.521.5

10.231.816.943.329.3

62.673.013.424.1

37.735.94.8

38.8

6.972.3

119.6

Timol imeandsav-ingsde-

posits

633.4??2.6

2.44.77.88.19.18694

11913.911.0

12018.326.126.226.127.819.035331 19.1

43.667.774.262.651.184.2

106.2108.2102.1

74.4

126.566.7

119.2198.8216.8

252.3158.7199.8184.6

200.4233.3225.1208.5

177.5114.9

94.3

Moneymarket

fundshares

2.41.3.0.2

6.934.4

29.2107.5

24.7-44.1

47.2

-105.2-62.7-6.5-1.8

44.915.420.5

107.9

-12.120.4

-21.2

Securities

Govern-ment

securi-ties2

-151.61.31.8

-.1-.62.52.51.0583.923

-2.510.1

2.21.41.3

.64.83.7

11.31 252

25.9

-5.4-12.2

.722.125.617.78.3

17.029.545.7

23.841.835.184.4

117.6

63.1138.9

77.258.6

73.6166.4157.0

73.6

66.8120.2

93.2

Corpo-rateequi-ties3

1 11.11.0.7

.71.81.61.0.8

102.0151.5.5

-.6.3

-2.1-2.6-.2

-2.1-.7

-47-75-2.8

-1.7-5.5-5.4-6.2-.9

-4.7-5.0-4.0-5.4

-18.8

-8.3-29.7-5.7

6.0-41.6

2.9-1.9

-11.034.0

-29.0-55.4-40.6-41.2

-43.318.6

.3

Othersecuri-ties4

09-.8

.0-.4

-.7.3.0.3

_ g

'81.2101.1

-.3

2.4.1.1

1.4.4

1.32.45279

10.0

6.96.52.48.63.6.3

6.03.71.85.2

-11.8-11.2-4.6

-13.4-10.4

2.0-62.8-5.6

12.9

-18.4-10.0

1.2-14.6

124.6-53.8

10.2

Insur-anceand

pensionre-

serves 5

535.45.35.6

6.96.37.77.97.8859.595

10.411.9

11.512.112.713.916.116.919.218619.821.5

23.927.434.338.847.054.960.171.886.695.1

116.0118.2147.2144.2135.0

135.3147.7144.0149.9

124.7130.5128.3156.5

134.6181.3183.6

Otherfinan-

cialas-

sets6

282.42.21.6

1.91.92.02.12.1212.5283.53.3

3.64.33.22.93.23.74.066763.9

5.25.6

11.210.311.113.819.218.930.236.0

34.131.232.417.927.2

11.223.411.825.1

16.932.731.627.4

18.928.011.3

Net investment in 7

Owner-occu-pied

homes

366.79.18.4

11.811.711.312.312.716715613212.316.3

14.812.713.514.315.014.513.511715716.3

13.620.728.031.025.224.239.254.467.068.2

56.247.624.154.974.7

36.549.963.769.7

70.675.877.475.0

73.476.477.4

Con-sumerdura-bles

619.09.8

10.6

14.811.38.6

10.17.1

12285773.67.3

7.04.38.5

11.815.020.223.121 127026.3

20.026.634.640.428.426.540.049.656.752.5

32.839.135.561.585.2

44.860.265.175.9

83.089.481.486.9

91.391.9

105.5

Non-cor-

poratebusi-nessas-

sets8

231.86.91.8

6.84.52.31.01.92912272.65.0

3.64.77.59.89.2

13.310.810210012.7

11.517.520.626.610.65.0

.213.122.026.0

-.324.111.9

.322.1

1.7-1.9-6.9

8.5

28.917.421.720.2

16.616.910.7

Less: Net increase indebt

Mort-gagedebton

non-farm

homes

364.74.64.4

6.76.66.27.68.7

122112899.5

12.8

11.712.214.116.217.517.013.812516918.6

14.126.241.446.538.040.661.490.8

112.9123.0

95.474.449.5

110.1138.5

73.9100.9124.4141.1

132.7150.4134.5136.6

129.0141.3148.7

Con-sumercredit

313.73.23.2

4.81.65.34.21.5723929.5

8.0

4.42.56.38.99.8

10.66.557

11.510.8

5.414.719.824.39.99.6

25.440.248.845.4

4.722.720.159.896.5

34.254.057.193.8

78.8125.490.291.5

121.3112.1115.2

Otherdebt* *

-042.22.82.2

5.03.72.71.95.5643.2386.07.2

4.96.57.2

10.710.814.312.217619219.4

20.730.344.244.236.328.339.955.367.774.6

73.379.773.5

102.597.5

92.0114.0102.9101.0

87.997.587.4

117.0

87.1100.1101.6

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.4 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.6 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.8 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.

285


TABLE B-29.—Number and median income (in 1984 dollars) of families and persons, and poverty status,

by race, selected years, 1960-84

Year

ALL RACES1960196119621963196419651966 3

19671968196919701971197219731974 3

1975197619771978 . . . .1979 4

19801981198219831984

WHITE19701971197219731974 3

19751976197719781979 4

19801981198219831984

BLACK19701971197219731974 3

19751976197719781979 4

19801981198219831984

Families '

Num-ber

(mil-lions)

45.546.447.147.548.048.549.250.150.851.652.253.354.455.155.756.256.757.257.859,660.361.061.462.062.7

46.547.648.548.949.449.950.150.550.952.252.753.353.453.954.4

4.95.25.35.45.55.65.85.85.96.26.36.46.56.76.8

Medianincome

$19,71119,91220,45221,20021,99822,90324,10724,68025,77226,72726,39426,37827,59928,16727,17526,47627,29327,44028,08528,02926,50025,56925,21625,72426,433

27,38127,37128,67429,43928,24127,53628,34928,69329,24429,24827,61126,85826,47526,93727,686

16,79616,51717,04216,99016,86316,94316,86316,39117,32116,56215,97615,15114,63315,18115,432

Below poverty level

Total

Num-ber

(mil-lions)

8.28.48.17.67.26.75.85.75.05.05.35.35.14.84.95.55.35.35.35.56.26.97.57.67.3

3.73.83.43.23.43.83.63.53.53.64.24.75.15.24.9

1.51.51.51.51.51.51.61.61.61.71.82.02.22.22.1

Rate

18.118.117.215.915.013.911.811.410.09.7

10.110.09.38.88.89.79.49.39.19.2

10.311.212.212.311.6

8.07.97.16.66.87.77.17.06.96.98.08.89.69.79.1

29.528.829.028.126.927.127.928.227.527.828.930.833.032.330.9

Femalehouseholder

Num-ber

(mil-lions)

2.02.02.02.01.81.91.71.81.81.82.02.12.22.22.32.42.52.62.72.63.03.33.43.63.5

1.11.21.11.21.31.41.41.41.41.41.61.81.81.91.9

.8

.91.01.01.01.01.11.21.21.21.31.41.51.51.5

Rate

42.442.142.940.436.438.433.133.332.332.732.533.932.732.232.132.533.031.731.430.432.734.636.336.034.5

25.026.524.324.524.825.925.224.023.522.325.727.427.928.327.1

54.353.553.352.752.250.152.251.050.649.449.452.956.253.751.7

Personsbelow

poverty level

Num-ber

(mil-lions)

39.939.638.636.436.133.228.527.825.424.125.425.624.523.023.425.925.024.724.526.129.331.834.435.333.7

17.517.816.215.115.717.816.716.416.317.219.721.623.524.023.0

7.57.47.77.47.27.57.67.77.68.18.69.29.79.99.5

Rate

22.221.921.019.519.017.314.714.212.812.112.612.511.911.111.212.311.811.611.411.713.014.015.015.214.4

9.99.99.08.48.69.79.18.98.79.0

10.211.112.012.111.5

33.532.533.331.430.331.331.131.330.631.032.534.235.635.733.8

Median income of persons 14 years oldand over with income 2

Males

Allpersons

$14,31114,54515,01215,30315,56116,53616,98217,27517,85418,21517,84217,70418,49718,83017,80217,08517,19917,35117,41016,85615,79515,38715,01215,28515,600

18,75418,56119,40119,75818,64917,94818,13118,17418,23517,60816,80016,32715,87016,08016,467

11,12011,06911,75111,95111,55510,73010,91710,78510,92410,90010,0969,7099,5119,4049,448

Year-round

full-timeworkers

$19,06019,66220,00720,59521,04221,72122,26122,67623,33024,55924,56724,70126,16426,80525,61724,96125,28825,83125,57325,01224,16823,63223,30328,46424,004

25,27125,39627,10827,58126,11625,53826,04126,35926,04725,73524,85824,18723,92424,09024,826

17,21317,36618,30618,58918,71019,00618,65118,17219,94918,54717,49017,11316,99217,17616,943

Females

Allper-sons

$4,4244,4424,6084,6554,8525,0075,2445,6036,0286,0415,9846,1766,4536,5356,4926,5336,5256,7556,4776,2286,2026,2336,3356,6786,868

6,0626,2786,4956,5986,5656,6006,5806,8586,5556,2866,2366,3036,4216,7946,949

5,5185,5016,0685,9565,9275,9966,2005,9225,9025,7215,7735,6005,6645,8066,164

Year-roundfull-timework-

ers

$11,55811,60111,87212,06412,42512,56412,88513,06013,63814,38514,55214,62115,02915,16515,11114,89715,16615,10815,35015,07014,61114,22714,70315,10515,422

14,80914,79115,32415,42215,23914,93215,28315,20415,49415,20214,75214,46414,90115,30715,575

12,13413,06013,10913,07714,06414,26614,28914,20914,36113,92913,75913,06313,31813,58814,036

'The term "family" refers to a group of two or more persons related by blood, marriage, or adoption and residing together; all suchpersons are considered members of the same family. Beginning 1979, based on householder concept and restricted to primary families.2 Beginning 1979, data are for persons 15 years and over.3 Based on revised methodology; comparable with succeeding years.4 Based on 1980 census population 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 priceindex. 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-30.—Population by age groups, 1929-85

[Thousands of persons]

July 1

1929

1933

1939

19401941194219431944

194519461947 .19481949

19501951 .195219531954

1955 . .1956195719581959

196019611962. .19631964

19651966.196719681969

19701971197219731974

19751976197719781979

19801981 ... .198219831984

1985 .

Total

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

180,671183691186 538189,242191 889

194,303196 560198,712200 706202,677

205,052207,661209,896211,909213 854

215,973218 035220 239222,585225,055

227,738230 043232 345234,538236 681

238816

Under 5

11734

10,612

10418

105791085011,3011201612,524

12,97913,2441440614,91915607

16,4101733317,3121763818,057

185661900319,4941988720,175

20,341205222046920,34220165

19,82419208185631791317,376

1716617,24417 1011685116487

16,121156171556415,73516063

16,454169171727917,61617816

5-15

26800

26,897

25,179

2481124,51624,2312409323,949

23,90724,10324,46825,20925852

26,72127,27928,8943022731,480

32,68233,99435,27236,44537,368

38,49439765412054162642297

42,9384370244,2444462244,840

4481644,5914420343'58242989

42508420994129840,42839552

38,839381703784637,63037602

16-19

9127

9,302

9822

98959,8409,73096079,561

9,3619,1199,0978,9528788

8,54284468,41484608637

874489169,195954310215

10,68311 02511 1801200712736

1351614311142001445214,800

1528915,688160391644616769

17017171941727617,28817242

17,160167691624715̂ 68915 121

Age (years)

20-24

10694

11,152

11519

1169011,80711,9551206412,062

12,03612,00411,81411,79411700

11,68011,55211,3501106210,832

1071410,61610,6031075610,969

11,134114831195912,71413269

13,7461405015,2481578616,480

172021815918'l531852118975

19,527199862049920,94621297

21,5792179921 78021,68021525

25-44

35862

37,319

39,354

3986840,38340,8614142042,016

42,52143,0274365744,28844916

45,67246,10346,4954678647,001

4719447,37947,44047,33747,192

47,140470844701346,99446958

46,9124700147,1944772148,064

48,47348,9365048251,74953051

54,302558525756159,40061379

63,4886558367'77269,82671825

45-64

21076

22,933

25,823

26,24926,71827,19627,67128,138

28,63029,06429,49829,93130,405

30,84931,36231,88432,39432,942

33,50634,05734,59135,10935,663

36,2033672237,25537,78238338

38,9163953440,1934084641,437

41,99942,48242,89843,23543,522

43,80144,0084415044,28644,390

44,51044,5464456044,62344,752

65 andover

6474

7,363

8,764

9,0319,2889,5849,86710,147

10,49410,82811,18511,53811921

12,39712,80313,20313,61714,076

14,52514,93815,38815,80616,248

16,6751708917,45717,77818,127

18,45118,75519,07119,36519,680

20,10720,56121,02021,52522,061

22,69623,2782389224,50225,134

25,70926,2592686127,47428,040

Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.Based on revised methodology, total population for 1980 through 1985 is: 227,757; 230,138; 232,520; 234,799; 237,019; and

239,283, respectively. Detail by age not yet available.


287


TABLE B-31.—Population and the labor force, 1929-85

[Monthly data seasonally adjusted, except as noted]

Period

192919331939

19401941194219431944

194519461947

194719481949

19501951. .19521953 51954

19551956195719581959 . . .

I960519611962̂196319641965196619671968196919701971 .19725197351974

19751976 .1977197851979

19801981198219831984

19851982: Jan ...

Feb....Mar...

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

Civiliannoninsti-tutionalpopula-tion1

Resi-dentArmedForces 1

Laborforceinclud-ingresi-dentArmedForces

mentncludingresidentArmedForces

Civilian labor force

Total

Employment

Total ±-al

Non-agri-cul-tural

Un-em-ploy-ment

Thousands of persons 14 years of age and over

9984099,90098,64094,64093,220

94,090103,070106,018

49,18051,59055,230

55,64055,91056,41055,54054,63053,86057,52060,168

47,63038,76045,75047,52050,35053,75054,47053,960

52,82055,25057,812

10,45010,0909,610

9,5409,1009,2509,0808,950

8,5808,3208,256

37,18028,67036,140

37,98041,25044,50045,39045,010

44,24046,93049,557

1,55012,8309,480

8,1205,5602,6601,070670

1,0402,2702,356


101,827103 068103,994

104,995104,621105,231107,056108,321

109,683110,954112,265113,727115,329117,245118,771120,153122,416124,485126,513128,058129,874132,028134,335137,085140,216144,126147,096150,120153,153156,150159,033161,910164,863167,745170,130172,271174,215176,383178,206171,335171,489171,667171,844172,026172,190172,384172,511172,690172,881173,058173,199

1,1692,1432,3862,2312,142

2,0641,9651,9481,8471,788

1,8611,9002,0612,0062,0181,9462,1222,2182,2532,2382,1181,9731,8131,7741,7211,6781,6681,6561,6311,597

1,6041,6451,6681,6761,697

1,706

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

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

63,37764,16064,52465,24665,78567,08768,51768,87769,48670,157

71,48972,35972,67573,83975,10976,40177,89279,56580,99082,97284,88986,35588,84791,20393,67095,45397,826100,665103,882106,559108,544110,315111,872113,226115,241117,167110,721111,141111,255111,475112,206111,757112,007112,237112,393112,424112,720112,627

60,08762,10462,63663,41062,25164,23465,76466,01964,88366,41867,63967,64668,76369,76871,32373,03475,01776,59078,17380,14080,79681,34083,96686,83888,51587,52490,42093,67397,679100,421100,907102,042101,194102,510106,702108,856101,346101,431101,347101,220101,770101,200101,167101,344101,166100,887100,792100,720

59,35060,62161,286

62,20862,01762,13863,01563,643

65,02366,55266,92967,63968,369

69,62870,45970,61471,83373,09174,45575,77077,34778,73780,73482,77184,38287,03489,42991,94993,77596,15899,009102,251104,962106,940108,670110,204111,550113,544115,461109,065109,477109,584109,807110,541110,093110,333110,548110,723110,756111,060110,962

57,03858,34357,65158,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,15099,69099,76799,67699,552100,10599,53699,49399,65599,49699,21999,13299,055

7,8907,6297,658

7,1606,7266,5006,2606,205

6,4506,2835,9475,5865,565

5,4585,2004,9444,6874,5234,3613,9793,8443,8173,6063,4633,3943,4843,4703,515

3,4083,3313,2833,3873,3473,3643,3683,4013,3833,321

3,179

3,3943,3693,3763,3523,4363,3303,4013,4063,3783,4873,5213,417

49,14850,71449,993

51,75853,23553,74954,91953,904

55,72257,51458,12357,45059,065

60,31860,54661,75963,07664,78266,72668,91570,52772,10374,29675,21575,97278,66981,59483,27982,43885,42188,73492,66195,477

95,93897,03096,12597,450101,685103,97196,29696,39896,30096,20096,66996,20696,09296,24996,11895,73295,61195,638

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,137

7,6378,27310,67810,7178,5398,312

9,3759,7109,90810,25510,43610,55710,84010,89311,22711,53711,92811,907

Unemploymentrate

Allwork-ers2

Civil-ian

work-ers

Labor forceparticipation

rate

Total3 Civil-ian4

Percent

5.23.22.92.85.4

4.34.04.26.65.3

5.46.55.45.55.04.43.73.73.53.4

4.85.85.54.85.5

8.37.66.96.05.8

7.07.59.59.57.4

7.1

8.58.78.99.29.39.49.79.710.010.310.610.6

3.224917.2

14.69.94.71.91.2

1.93.93.9

393.85.9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55.75.2

4.53.83.83.63.54.95.95.64.95.6

8.57.77.16.15.8

7.17.69.79.67.5

7.2

8.68.99.09.39.49.69.89.910.110.410.710.7

59.760.160.059.759.6

60.060.760.360.159.9

60.060.059.559.359.4

59.559.860.260.360.861.060.760.961.361.7

61.662.062.663.564.0

64.164.264.364.464.7

65.1

64.064.264.264.264.664.364.464.464.564.464.564.4

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

59.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.7

63.863.964.064.064.4

64.863.763.863.863.964.363.9

64.064.164.164.164.264.1


288


TABLE B-31.—Population and the labor force, 1929-85—Continued

[Monthly data seasonally adjusted, except as noted]

Period

1983: Jan ....FebMar....AprMay....June...

July....Aug....Sept...OctNov....Dec....

1984: Jan ....FebMar....AprMay....June-


1985: Jan ....FebMar....AprMay....June-


Civiliannoninsti-tutionalpopula-tion1

Resi-rlontdent

ArmedForces *

Laborforce

includ-ing

resi-dent

ArmedForces

Employ-ment

includingresidentArmedForces

Civilian labor force

Total

Employment

Total Agri-cultural

Non-agri-cul-

tural

Un-em-ploy-ment


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

177,384177,516177,667177,799177,944178,096

178,263178,405178,572178,770178,940179,112

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

1,8641,6821,6951,6951,6851,688

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

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

1,6971,7031,7011,7021,7051,702

1,7041,7261,7321,7001,7021,698

112,318112,327112,279112,491112,575113,529

113,400113,927113,984113,634113,903113,956

113,877114,367114,420114,776115,412115,508

115,620115,430115,515115,741115,864116,202

116,451116,685117,036116,958117,044116,726

116,976117,069117,522117,814117,832117,927

100,833100,773100,854101,205101,313102,258

102,889103,317103,692103,749104,416104,704

104,895105,530105,645106,011106,865107,270

107,164106,934107,135107,362107,670107,946

108,012108,290108,652108,574108,644108,303

108,575108,936109,251109,513109,671109,904

110,651110,663110,615110,820110,906111,861

111,736112,245112,289111,939112,218112,268

112,191112,683112,734113,083113,722113,818

113,922113,718113,795114,036114,165114,504

114,754114,982115,335115,256115,339115,024

115,272115,343115,790116,114116,130116,229

99,16699,10999,19099,53499,644

100,590

101,225101,635101,997102,054102,731103,016

103,209103,846103,959104,318105,175105,580

105,466105,222105,415105,657105,971106,248

106,315106,587106,951106,872106,939106,601

106,871107,210107,519107,813107,969108,206

3,4393,3813,3793,3473,3413,462

3,4793,4903,3313,2993,2903,335

3,2913,3553,2703,3263,3493,374

3,3323,2703,3563,1933,3953,387

3,3193,3253,3143,3533,2843,140

3,1203,0953,0173,0583,0703,151

95,72795,72895,81196,18796,30397,128

97,74698,14598,66698,75599,44199,681

99,918100,491100,689100,992101,826102,206

102,134101,952102,059102,464102,576102,861

102,996103,262103,637103,519103,655103,461

103,751104,115104,502104,755104,899105,055

11,48511,55411,42511,28611,26211,271

10,51110,61010,2929,8859,4879,252

8,9828,8378,7758,7658,5478,238

8,4568,4968,3808,3798,1948,256

8,4398,3958,3848,3848,4008,423

8,4018,1338,2718,3018,1618,023

Unemploymentrate

Allwork-ers2

Civil-ian

work-ers

Labor forceparticipation

rate

Total3 Civil-ian4

Percent

10.210.310.210.010.09.9

9.39.39.08.78.38.1

7.97.77.77.67.47.1

7.37.47.37.27.17.1

7.27.27.27.27.27.2

7.26.97.07.06.96.8

10.410.410.310.210.210.1

9.49.59.28.88.58.2

8.07.87.87.87.57.2

7.47.57.47.37.27.2

7.47.37.37.37.37.3

7.37.17.17.17.06.9

64.264.164.064.164.164.6

64.464.764.764.464.564.5

64.364.564.564.664.964.9

64.964.764.764.864.864.9

65.065.165.265.265.264.9

65.065.065.265.365.265.2

63.863.863.763.863.864.2

64.164.364.364.064.164.1

63.964.164.164.364.664.6

64.664.464.464.464.564.6

64.764.864.964.864.864.6

64.764.764.865.064.964.9

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.5 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census

data 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-31 through B-38 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.

289


TABLE B-32.—Civilian employment and unemployment by sex and age, 1947-85

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

Year or month

194719481949 . . .195019511952. .19531195419551956195719581959I960119611962 '196319641965196619671968196919701971197211973 !19741975197619771978 *19791980198119821983198419851984: Jan

FebMarAprMayJuneJulyAug

OctNovDec

1985- JanFebMarAprMayJuneJulyAURsept:....:....:OctNovDec

Civilian employment

Total

57,03858,34357,65158,91859,96160,25061,17960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,150103,209103,846103,959104,318105,175105,580105,466105,222105,415105,657105,971106,248106,315106,587106,951106,872106,939106,601106,871107,210107,519107,813107,969108,206

Males

Total

40,99541,72540,92541,57841,78041,68242,43041,61942,62143,37943,35742,42343,46643,90443,65644,17744,65745,47446,34046,91947,47948,11448,81848,99049,39050,89652,34953,02451,85753,13854,72856,47957,60757,18657,39756,27156,78759,09159,89158,25158,57758,66358,70159,00659,39359,18959,19759,36159,44359,61559,68859,61459,65359,82859,82059,94259,62359,71959,93660,04960,10560,17960,244

16-19years

2,2182,3442,1242,1862,1562,1072,1361,9852,0952,1642,1152,0122,1982,3612,3152,3622,4062,5872,9183,2533,1863,2553,4303,4093,4783,7654,0394,1033,8393,9474,1744,3364,3004,0853,8153,3793,3003,3223,3283,2453,3343,3443,3163,3473,3863,2963,2753,3243,3083,3793,3573,3833,3793,4173,4303,3983,2393,3163,3003,2983,2563,2823,262

20yearsandover

38,77639,38238,80339,39439,62639,57840,29639,63440,52641,21641,23940,41141,26741,54341,34241,81542,25142,88643,42243,66844,29444,85945,38845,58145,91247,13048,31048,92248,01849,19050,55552,14353,30853,10153,58252,89153,48755,76956,56255,00655,24355,31955,38555,65956,00755,89355,92256,03756,13556,23656,33156,23156,27456,41156,39056,54456,38456,40356,63656,75156,84956,89756,982

Females

Total

16,04516,61716,72317,34018,18118,56818,74918,49019,55120,41920,71420,61321,16421,87422,09022,52523,10523,83124,74825,97626,89327,80729,08429,68829,97631,25732,71533,76933,98935,61537,28939,56941,21742,11743,00043,25644,04745,91547,25944,95845,26945,29645,61746,16946,18746,27746,02546,05446,21446,35646,56046,70146,93447,12347,05246,99746,97847,15247,27447,47047,70847,79047,962

16-19years

1,6911,6821,5881,5171,6111,6121,5841,4901,5471,6541,6631,5701,6401,7681,7931,8331,8491,9292,1182,4682,4962,5262,6872,7352,7302,9803,2313,3453,2633,3893,5143,7343,7833,6253,4113,1703,0433,1223,1053,1453,1203,0413,1323,1233,2013,2393,0743,1033,1253,0813,0853,1083,2213,1963,1273,1142,9453,0823,0773,1073,0993,1343,080

20yearsandover

14,35414,93615,13715,82416,57016,95817,16417,00018,00218,76719,05219,04319,52420,10520,29620,69321,25721,90322,63023,51024,39725,28126,39726,95227,24628,27629,48430,42430,72632,22633,7753583637>3438,49239,59040,08641,00442,79344,15441,81342,14942,25542,48543,04642,98643,03842,95142,95143,08943,27543,47543,59343,71343,92743,92543,88344,03344,07044,19744,36344,60944,65644,882

Unemployment

Total

2,3112,2763,6373,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,9828,8378,7758,7658,5478,2388,4568,4968,3808,3798,1948,2568,4398,3958,3848,3848,4008,4238,4018,1338,2718,3018,1618,023

Males

Total

1,6921,5592,5722,2391,2211,1851,2022,3441,8541,7111,8413,0982,4202,4862,9972,4232,4722,2051,9141,5511,5081,4191,4032,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,7444,5215,0904,9584,9074,8874,7524,5754,7024,6244,6484,5394,5074,5834,5744,5754,5174,5564,5144,6334,6114,4354,4454,5714,4454,346

16-19years

270256353318191205184310274269300416398426479408501487479432448426440599693711653757966939874813811913962

1,0901,003812806848825848829809792825760818800780808808812774781818771856802789894789780

20yearsandover

1,4221,3052,2191,9221,029980

1,0192,0351,5801,4421,5412,6812,0222,0602,5182,0161,9711,7181,4351,1201,060993963

1,6382,0971,9481,6241,9573,4763,0982,7942,3282,3083,3533,6155,0895,2573,9323,7154.2424,1334,0594,0583,9433,7833,8773,8643,8303,7393,7273,7753,7663,7633,7433,7753,6963,8623,7553,6333,6563,6773,6563,566

Females

Total

619717

1,0651,049834698632

1,188998

1,0391,0181,5041,3201,3661,7171,4881,5981,5811,4521,3241,4681,3971,4291,8552,2272,2222,0892,4413,4863,3693,3243,0613,0183,3703,6964,4994,4573,7943,7913,8923,8793,8683,8783,7953,6633,7543,8723,7323,8403,6873,6733,8653,8203,8673,8283,8863,7903,7903,6983,8263,7303,7163,677

16-19years

144153223195145140123191176209197262256286349313383385395405391412413506568598583665802780789769743755800886825687661703733728729695687623691716654617671705680699650687638670555631676659689

20yearsandover

475564841854689559510997823832821

1,2421,0631,0801,3681,1751,2161,1951,056921

1,078985

1,0151,3491,6581,6251,5071,7772,6842,5882,5352,2922,2762,6152,8953,6133,6323,1073,1293,1893,1463,1403,1493,1002,9763,1313,1813,0163,1863,0703,0023,1603,1403,1683,1783,1993,1523,1203,1433,1953,0543,0572,988

* See footnote 5, Table B-31.Note.—See Note, Table B-31.Source: Department of Labor, Bureau of Labor Statistics.

290


TABLE B-33.—Unemployment by duration and reason, 1947-85

[Monthly data seasonally adjusted1]

Year or month

194719481949

19501951195219531954

19551956 . . .195719581959

196019611962 ... .19631964

1965196619671968196919701971...197219731974

19751976197719781979

19801981198219831984

19851984: Jan

FebMar .AprMayJuneJulyAugSept .OctNovDec

1985: JanFebMarApr.MayJuneJulyAugSeptOctNovDec

Unem-ploy-ment

Duration of unemployment

Lessthan 5weeks

5-14weeks

15-26weeks

27weeksandover

Thousands of persons 16years of age and over

2,3112,2763,637

3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,27310,67810,7178,5398,3128,9828,8378,7758,7658,5478,2388,4568,4968,3808,3798,1948,2568,4398,3958,3848,3848,4008,4238,4018,1338,2718,3018,1618,023

1,2101,3001,756

1,4501,1771,1351,1421,605

1,3351,4121,4081,7531,585

1,7191,8061,6631,7511,697

1,6281,573-1,6341,5941,629

2,1392,2452,2422,2242,6042,9402,8442,9192,8652,9503,2953,4493,8833,5703,3503,4983,2753,3423,3583,3863,2363,2293,3783,5623,3133,4263,3853,3523,6273,5013,5563,5283,6073,4663,5253,4223,4843,4303,4653,374

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

2,4702,5393,3112,9372,4512,5092,5222,5012,5242,4772,4102,2922,4472,4132,5312,3922,3472,5242,5402,4882,4872,5162,5942,5362,5142,5082,5052,5362,4482,460

234193428

425166148132495

366301321785469

503728534535491404287271256242

428668601483574

1,3031,018913766706

1,0521,1221,7081,6521,104

1,0251,1831,1611,1171,1121,2021,0331,0621,1031,1011,0681,006983

9321,0651,0611,0311,0631,033

1,0781,0471,0351,057894973

164116256

3571378478317

336232239667571

454804585553482

351239177156133

235519566343381

1,2031,3481,028648535

8201,1621,7762,5591,6341,2802,0241,8361,7751,7301,6641,6061,5841,5191,4791,4461,4301,401

1,3151,3481,3391,3431,2111,295

1,2511,2271,2721,2201,3111,215

Aver-age

(mean)dura-tion inweeks

Mediandura-tion inweeks

8.610.0

12.19.78.48.011.8

13.011.310.513.914.4

12.815.614.714.013.311.810.48.78.47.88.611.312.010.09.8

14.215.814.311.910.8

11.913.715.620.018.2

15.620.519.118.918.618.618.118.017.517.216.817.117.1

15.916.015.916.115.015.5

15.515.515.515.415.715.4

4.54.4

4.96.36.25.25.2

8.48.27.05.95.4

6.56.98.710.17.96.8

9.18.38.38.28.97.77.57.37.67.27.27.3

6.87.17.06.86.76.8

7.17.26.97.06.96.9

Reason for unemployment

Joblosers

Jobleavers

Reen-trants

Newen-

trants

Thousands of persons 16years of age and over

1,2291,0701,017

1,8112,3232,1081,6942,2424,3863,6793,1662,5852,6353,9474,2676,2686,2584,4214,139

4,7894,7334,6414,5344,4174,3004,3704,2384,1984,2924,1384,196

4,2714,2364,1774,2293,9944,167

4,2064,1444,1424,0404,0813,933

438431436

550590641683768827903909874880

891923840830823877

804786787802814799838838849816875856

877868861852870983

894875852911808876

945909965

1,2281,4721,4561,3401,4631,8921,9281,9631,8571,806

1,9272,1022,3842,4122,184

2,2562,1952,1732,1812,2792,1501,9952,1382,3202,2332,1572,1832,2402,2402,2382,3012,2832,3782,2332,1842,1912,3352,2372,2262,225

396407413504630677649681

823895953885817

872981

1,1851,2161,1101,039

1,1821,1211,1891,1801,1551,1351,0931,1061,0631,0671,0191,015

1,0451,0561,0741,0511,1421,018

1,098941918

1,0451.0551,033

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.

Note.—See footnote 5 and Note, Table B-31.Source: Department of Labor, Bureau of Labor Statistics.

291


TABLE B-34.—Civilian labor force participation rate and civilian employment/population ratio, 1948-85

[Percent; monthly data seasonally adjusted]

Year or month

19481949

19501951195219531954195519561957 .19581959

1960196119621963196419651966196719681969

19701971197219731974 .. ..19751976 ..197719781979

198019811982198319841985

1984: JanFebMarAprMay .June

Ju lyAugSeptOctNovDec

1985- JanFebMarAprMayJune

JulyAug .SeptOctNovDec

Civilian labor force participation rate '

Total

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

63.863.964.064.064.464.8

63.964.164.164.364.664.6

64.664.464.464.464.564.6

64.764.864.964.864.864.6

64.764.764.865.064.964.9

Bothsexes16-19years

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

56.755.454.153.553.954.5

53.053.753.554.054.054.8

54.453.254.454.053.954.4

54.855.455.554.955.352.4

54.953.554.154.854.354.0

Males20

yearsandover

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

79.479.078.778.578.378.1

78.378.378.378.278.378.5

78.478.378.378.278.278.3

78.278.178.278.178.278.1

77.978.078.178.178.178.0

Fe-males

20yearsandover

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

51.352.152.753.153.754.7

53.053.353.453.654.153.8

54.053.953.653.954.054.0

54.454.454.654.654.554.6

54.554.654.854.954.955.0

White

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

64.164.364.364.364.665.0

64.364.564.564.664.964.9

64.864.564.664.764.664.8

64.965.065.165.065.064.8

64.964.965.165.265.265.1

Blackand

other

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

61.761.361.662.162.663.3

61.561.961.962.062.662.8

62.963.262.963.263.163.0

63.563.163.763.763.663.3

63.262.763.263.263.363.5

Black

59.960.259.858.859.059.861.561.4

61.060.861.061.562.262.9

61.061.861.661.662.062.1

62.562.862.362.762.962.8

63.062.962.863.163.162.7

62.862.462.762.862.963.2

Civilian employment/population ratio2

Total

56.655.4

56.157.357.357.155.556.757.557.155.456.0

56.155.455.555.455.756.256.957.357.558.0

57.456.657.057.857.856.156.857.959.359.9

59.259.057.857.959.560.1

58.859.159.159.359.759.9

59.859.659.659.759.859.9

59.960.060.260.160.159.9

60.060.160.260.360.360.4

Bothsexes16-19years

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

46.644.641.541.543.744.4

42.743.242.943.543.844.7

44.543.343.944.144.344.3

44.445.245.445.144.942.7

44.344.144.343.944.343.8

Males20

yearsandover

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

74.674.071.871.473.273.3

72.772.972.972.973.273.5

73.373.273.373.373.473.4

73.373.273.473.273.473.1

73.073.373.373.473.473.4

Fe-males

20yearsandover

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

48.148.648.448.850.151.0

49.349.649.749.950.550.3

50.350.250.150.250.450.6

50.750.851.050.950.850.9

50.951.051.251.451.451.6

White

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

60.060.058.858.960.561.0

59.960.160.260.360.760.8

60.760.460.560.660.660.8

60.861.061.160.961.060.6

60.760.961.161.261.361.3

Blackand

other

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

53.652.650.951.053.654.7

51.952.752.552.853.754.0

53.654.154.254.654.654.4

54.954.154.854.954.754.9

54.754.754.554.654.454.9

Black

'"53.754.553.550.150.851.453.653.8

52.351.349.449.552.353.4

50.551.851.451.352.252.4

52.152.852.953.153.553.3

53.552.953.353.553.353.6

53.453.653.253.553.153.8

1 Civilian labor force as percent of civilian nomnstitutional 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-31.

•Source-. Department of Labor, Bureau of Labor Statistics.

292


TABLE B-35.—Unemployment rate, 1948-85

[Percent; monthly data seasonally adjusted]

Year ormonth

19481949

19501951195219531954195519561957 .1958....1959

196019611962....19631964196519661967 .19681969

1970197119721973197419751976 .197719781979

19801981198219831984

1985 . .

1984: JanFebMarAprMayJune....

Ju lyAugSept....OctNovDec

1985: JanFebMarAprMayJune....

JulyAugSept....OctNovDec

Unem-ploy-mentrate,

allwork-ers *

5.23.22.92.85.44.34.04.26.65.3

5.46.55.45.55.04.43.73.73.53.4

4.85.85.54.85.58.37.66.96.05.8

7.07.59.59.57.4

7.1

7.97.77.77.67.47.1

7.37.47.37.27.17.1

7.27.27.27.27.27.2

7.26.97.07.06.96.8

Unemployment rate, civilian workers 2

Allcivil-ian

work-ers

3.85.9

5.33.33.02.95.54.44.14.36.85.5

5.56.75.55.75.24.53.83.83.63.5

4.95.95.64.95.68.57.77.16.15.8

7.17.69.79.67.5

7.2

8.07.87.87.87.57.2

7.47.57.47.37.27.2

7.47.37.37.37.37.3

7.37.17.17.17.06.9

Males

Total

3.65.9

5.12.82.82.85.34.23.84.16.85.2

5.46.45.25.24.64.03.23.12.92.8

4.45.35.04.24.97.97.16.35.35.1

6.97.49.99.97.4

7.0

8.07.87.77.77.57.2

7.47.27.37.17.07.1

7.17.17.07.17.07.2

7.26.96.97.16.96.7

16-19

years

9.814.3

12.78.18.97.9

13.511.611.112.417.115.3

15.317.114.717.215.814.111.712.311.611.4

15.016.615.913.915.620.119.217.315.815.9

18.320.124.423.319.6

19.5

20.719.820.220.019.519.0

20.018.819.719.518.819.4

19.319.418.518.519.419.2

20.519.619.321.519.419.3

20yearsandover

3.25.4

4.72.52.42.54.93.83.43.66.24.7

4.75.74.64.53.93.22.52.32.22.1

3.54.44.03.33.86.85.95.24.34.2

5.96.38.88.96.6

6.2

7.27.06.86.86.66.3

6.56.56.46.26.26.3

6.36.36.26.36.16.4

6.26.06.16.16.05.9

Females

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

7.4

8.07.97.97.87.67.3

7.57.87.57.77.47.3

7.67.57.67.57.67.5

7.47.37.57.37.27.1

16-19

years

8.312.3

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

17.6

18.319.019.318.918.217.7

16.118.418.717.316.717.9

18.517.417.917.218.117.8

17.915.316.917.917.418.3

20yearsandover

3.65.3

5.14.03.22.95.54.44.24.16.15.2

5.16.35.45.45.24.53.84.23.83.7

4.85.75.44.95.58.07.47.06.05.7

6.46.88.38.16.8

6.6

7.16.96.96.96.76.5

6.86.96.66.96.66.5

6.86.76.76.76.86.7

6.66.66.76.46.46.2

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

18.6

19.519.419.819.518.918.3

18.118.619.318.417.818.7

18.918.418.217.918.818.6

19.317.518.119.818.418.8

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

6.2

6.96.86.76.76.56.2

6.36.46.46.36.26.2

6.46.26.36.36.26.4

6.36.16.16.15.95.9

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

13.7

15.614.915.115.014.214.0

14.914.413.713.713.613.7

13.714.413.813.813.913.2

13.512.813.713.514.113.4

Black

"10.4"9.4

10.514.814.014.012.812.3

14.315.618.919.515.9

15.1

17.216.216.616.615.815.6

16.615.915.015.314.915.1

15.116.015.215.215.414.4

15.014.115.214.915.614.9

Experi-encedwageand

salaryworkers

436.8

6.03.73.43.26.24.84.44.67.35.7

5.76.85.65.65.04.33.53.63.43.3

4.85.75.34.55.38.27.36.65.65.5

6.97.39.39.27.1

6.8

7.67.47.37.37.06.7

7.07.06.96.96.86.9

6.96.96.86.86.86.9

6.96.76.86.76.66.5

Mar-riedmen,

spousepres-ent3

3.5

4.61.51.41.74.02.62.32.85.13.6

3.74.63.63.42.82.41.91.81.61.5

2.63.22.82.32.75.14.23.62.82.8

4.24.36.56.54.6

4.3

4.94.94.84.74.64.5

4.54.54.54.64.44.4

4.54.44.34.34.04.6

4.44.14.34.24.34.3

Womenwho

main-tain

fami-lies

4"94.44.4

5.47.37.27.17.0

10.010.19.48.58.3

9.210.411.712.210.3

10.4

10.910.710.910.49.99.9

9.910.29.9

10.310.89.9

10.210.910.310.710.89.9

10.310.811.310.410.09.4

1 Unemployed as percent of labor force including resident Armed Forces.2 Unemployed as percent of civilian labor force in group specified.3 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-31.



TABLE B-36.—Civilian labor force participation rate by demographic characteristic, 1954-85

[Percent;1 monthly data seasonally adjusted]

Year or month

1954

1955.1956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985

1984: JanFebMarAprMayJune

JulyAugSeptOct. . .NovDec

1985: JanFebMar.. ..AprMayJune

JulyAugSeptOctNovDec

Allcivil-ian

work-ers

588

593600596595593

594593588587587

58.959259659.6601

60.460260.4608613

61261.662363.2637

638639640640644

648

63.964164164.364.664.6

64.664.464.464464564.6

64.764.864964.864.864.6

64.764.764.865064.964.9

Total

582

58759459 158958.7

588588583582582

58458759259.3599

60260160.4608614

61561.862563.3639

64 1643643643646

650

64.364564564.664,964.9

64.864.564.664764664.8

64.9f t tO65165.065.064.8

64.964.965.165265.265.1

Total

856

85485684884383.8

83483082181581 1

80.880680780.4802

80.079679.6794794

78778.478578.6786

78277977477' 1771

770

77.077077077.077.177.3

77.176.977.177077 177.2

77.077.177177.177.176.8

76.876.876.977176.976.8

Males

16-19years

576

586604592565559

559545538531527

54155956355.9568

57557960.1620629

61962.364065.0648

637624600594590

597

58.358959658.859.359.4

59.057.359.5592594599

60.360.360260.861.058.0'

60.359.259.260358.858.5

White

20yearsandover

878

87587686986686.3

860857849844842

83.983683583.2830

82.882382.0816814

80780.380280.1801

798795792789787

785

78.778778778.778.778.9

78.778.678.878678778.8

78.578.678678.678.678.5

78.278.478.578678.578.4

Total

333

34535735735836.0

365369367372375

38.139240140.7418

42.642643.2441452

45946.948049.4505

51 2519524527533

54 1

52.753053053.353.753.5

53.653.353.153453353.6

53.854.054254.053.953.8

54.054.054.354454.454.5

Females

16-19years

406

40743142240139.6

403406398387378

39242642543.0446

45645448.1501517

51552.854556.7574

562554550545554

552

55.355855656.255.856.3

55.954.555.555054055.1

55.457.057054.855.252.6

54.753.555.255656.055.7

20yearsandover

327

34035135235535.6

362366365370375

38038839840.4415

42.242342.7435444

45346.247348.7498

506515522525531

540

52.552852853.053.553.3

53.453.253.053253353.4

53.753.854053.953.853.9

53.954.054.254354.354.4

Total

59.9602598

58859.059861.5614

61060861061 5622

629

61.061 861661.662.062.1

62.562.862.362762962.8

63.062.962863.163.162.7

62.862.462.762862.963.2

Total

73.6734729

70970.070671.5713

70370070 1705708

708

70.271270870.171.070.6

71.070.970.671070771.0

70.871.170570.771.070.4

70.970.671.070970.4708

Males

16-19years

46.3457467

42641.343244.9436

432416398399417

446

38.039940641.841.642.1

41.741.443.043243343.6

44.543.243845.044.242.4

46.144.544.946243.245.6

Black

20yearsandover

78.5784776

76075.475676.2763

75 1745747752748

744

74.875775074.175.174.6

75.175.074.474.874474.7

74.474.974.274.274.674.2

74.274.274.674374.174.2

Total

48.7493490

48849.850853.1531

53 1535537542552

565

53.554254254.754.855.2

55.556.255.556056756.3

56.8%456657.056.756.5

56.355.756.156356.957.0

Females

16-19years

32.2342334

34232.932937.3368

349340335330350

379

32.533731034.530.337.3

37.037.337.037.736335.8

38.039.139538.740.037.2

38.334.335.738338.337.4

20yearsandover

51.2516514

51 152.553655.555,4

556560562568576

58.6

56.056.656957.057.757.2

57.758.357.658.159058.6

58.9*tfn58.659.058.658.7

58.358.158.358359.059.2

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-31.Source: Department of Labor, Bureau of Labor Statistics.

294


TABLE B-37.—Civilian employment/population ratio, 1954-85

[Percent *; monthly data seasonally adjusted]

Year or month

1954

19551956 ..195719581959

I9601961 .196219631964

1965196619671968. .1969

19701971197219731974

19751976197719781979

19801981198219831984

1985





Allcivil-ian

work-ers

555

56.757557.1554560

56155455.5554557

56256957.357558.0

57456.657.057.857.8

56.156.857.959.359.9

59.259.057.857.959.5

60.1

58.859.159.159.359.759.9

59859.659.659.759.859.9

59.960.060.260.160.159.9

60,060.160.260.360.360.4

Total

552

56.557356.8553559

55955355.4553555

56056857.257458.0

57556.857.458.258.3

56.757.558.660.060.6

60.060.058.858.960.5

61.0

59.960.160.260.360.760.8

60760.460.560.660.660.8

60.861.061.160.961.060.6

60.760.961.161.261.361.3

Total

81 5

82.282781.8792799

79478278.4777778

77978378.478378.2

76875.776.076.575.9

73.073.474175.075.1

73.472.870670.472.1

72.3

71.671.871,971.972.172.6

72372.172.372.372.372.5

72.372.372.472.472.571.9

71.972.172.472.472.472.4

Males

16-19years

499

52.054152.4476481

48145946.4447450

47 150150.250351.1

49649.251.554.354.4

50.651.554456.355.7

53.451.347047.449.1

49.9

47.849.149.248.749.349.6

49048.049.249.649.750.2

50.650.250.951.250.848.3

49.949.049.749.249.549.0

White

20yearsandover

840

84.785084.1818828

82481481.581 1813

81581781.781681.4

80179.079.079.278.6

75.776.076.577.277.3

75.675.173072.674.3

74.3

73.873.974.074.174.274.7

74474.374.474.374.474.5

74.274.374.474.374.574.0

73.974.274.474.574.574.4

Total

314

33.034234.233.6340

34634534.7350355

36237538.338940.1

40339.940.741.842.4

42.043.244.546.347.5

47.848.348148.549.8

50.7

49.249.449.549.750.250.1

50249.749.749.950.050.2

50.350.650.750.550.450.3

50.550.650.851.051.151.2

Females

16-19years

364

37.038938.235.0348

35134634.8329322

33737537.737839.5

39538.641.343.644.3

42.544.245.948.549.4

47.946.244644.547.0

47.1

47.346.546.547.347.347.7

48846.046.746.746.546.7

46.949.048.646.946.944.6

46.546.647.347.147.647.1

20yearsandover

31 1

32.733833.9335340

34534534.7352358

36537538.339140.1

40440.140.641.642.2

41.943.144446.147.3

47.848.548448.950.0

51.0

49.449.649.749.950.450.3

50350.049.950.150.250.4

50.550.750.950.850.750.8

50.851.051.151.351.451.5

Total

"'537'54.553.5

50.150.851453.653.8

52.351.349449.552.3

53.4

50.551.851.451.352.252.4

52 152.852.953.153.553.3

53.552.953.353.553.353.6

53.453.653.253.553.153.8

Total

"'eel'67.565.8

60.660.661.463.363.4

60.459.156056.359.2

60.0

58.159.458.557.959.558.9

58659.559.760.060.359.9

59.959.659.659.860.160.1

60.161.060.159.759.160.0

Males

16-19years

3L6"32.831.4

26.325.826.428.528.7

27.024.620.320.423.9

26.3

20.721.522.523.524.225.9

24024.425.524.225,524.6

25.025.625.827.326.825.0

26.228.926.527.323.726.9

Black

20yearsandover

'"73"o"73.771.9

66.566.867.569.169.1

65.864.561.461.664.1

64.6

63.564.763.662.764.563.5

63364.364.464.965.164.7

64.864.364.364.364.665.0

64.865.364.764.163.964.5

Total

""43'b43.8

^43.5

41.642.843.345.846.0

45.745.144.244.146.7

48.1

44.445.645.646.146.447.1

46847.447.447.648.148.0

48.447.548.148.447.948.4

47.947.747.748.448.348.7

Females

16-19years

igT22.020.9

20.219.218.522.122.4

21.019.717.717.020.1

23.1

16.720.515.918.716.023.1

21421.320.823.821.421.9

23.222.222.923.523.423.2

23.422.022.823.724.521.6

20yearsandover

'"ieis47.246.9

44.946.447.049.349.3

49.148.547.547.449.8

50.9

47.748.649.049.349.949.9

49750.350.550.351.151.0

51.350.351.051.350.751.2

50.650.550.551.250.951.7

1 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-31.


295


TABLE B-38.—Civilian unemployment rate by demographic characteristic, 1948-85

[Percent;l monthly data seasonally adjusted]

Year or month

19481949

19501951195219531954

19551956195719581959.. .

19601961196219631964

19651966196719681969

197019711972...19731974..

19751976197719781979

19801981198219831984... .

1985


July.AugSeptOctNovDec


JulyAueSeptOctNovDec . .

Allcivil-ian

work-ers

385.9

5.33.3302.955

4.4414.36855

55675.5575.2

4.53.838363.5

4.95.9564.956

857.7716.158

7.176979.675

7.2

8.07.8787.87.57.2

7.4757.47.3727.2

7.4737.3737.373

7.37.171717.06.9

Total

355.6

493.1282750

3.9363.86148

50604.9504.6

4.13.434323.1

4.55.4514.350

787.0625.251

6.367868.465

6.2

6.968676.7656.2

6.3646.46.3625.2

6.46?6.3636264

6.36.161615.959

Total

3456

472.6252548

3.734366146

48574.64 74.1

3.62827262.5

404.9453.844

7 264554645

6165888.864

61

7.0686766646.1

6.2626.36.1616.2

6.2616.0616064

6.36159615.857

Males

16-19years

134

11.3105115157140

14015713.7159147

12.9105107101100

13715.1142123135

183173150135139

16217921 7202168

165

18.016717517116816.6

17.016217.216.316416.3

16.1168156157167167

17.117216218515.8162

White

20yearsandover

44

3.3303.25541

425.14.0393.4

2.92.221201.9

324.0363.035

62544 73736

5.356787957

54

636159595754

5.5555.55.4545.5

555454545257

5.65352525.251

Total

385.7

534.2333.155

4.34 24.36253

53655.5585.5

5.04.346434.2

546.3595.361

8679736259

6569837965

64

6.768676.76564

6.4666.56.6636.3

6.6636.5656565

6.46264626.161

Females

16-19years

104

9.19795

127120

12714812.8151149

14.012111512111.5

13415.1142130145

174164159144140

148166190183152

148

145167163158153152

12.815615.715.013815.2

153140147145151152

15.013014415315.1155

20yearsandover

51

3.937385647

46574 74846

4.033383434

445.3494351

7 568625250

5659736958

57

605959595856

5.8585.75.9575.6

595759585858

5.75757555.454

Total

"ibT94

105

148140140128123

143156189195159

151

17.216216616.6158156

16.615915.015.314915.1

15.1160152152154144

15.014115214915.6149

Total

""93"8.098

148137133118114

14515720 1203164

153

17.216617317416116.6

17.516115.515.514715.6

15.3162154153153145

15.113715415816.0153

Males

16-19years

""317278331

381375392367342

37.5407489488427

410

45.546044443.842038.5

42.441 140.843.941243.5

43.940941.139439.3410

43.134941 141045.2410

Black

20yearsandover

.....„.„.

6074

1251141079393

124135178181143

132

15.214415215.414114.9

15.614213.513.312.613.4

12.914213.313313.4125

12.811913313713.7131

Total

"iis11.1113

14814.3149138133

14.015.617618.615.4

14.9

17.115.815915.715.514.6

15.715714.515.015.214.6

14.815.815.015015.5144

14.914.514913.915.214.5

Females

16-19years

'"465"36.1374

41041.643440839.1

39.842.247148.242.6

39.2

48.839.348.645.847.338.1

42.242.843.836.841.138.9

38.943.341.939.341.537.8

39.035.936.138.236.042.3

20yearsandover

.........

8888

12211.712311.210.9

11913.415416513.5

131

14914?13.813fi1351?8

13.713.712.4134134130

130137nn13?13512.7

13.113113.51?11361?6

1 Unemployed as percent of civilian labor force in group specified.Note.—See footnote 5 and Note, Table B-31.Source: Department of Labor, Bureau of Labor Statistics.

296


TABLE B-39.—Unemployment insurance programs, selected data, 7955-8.5

Year or month

195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984

1984: JanFebMarAprMayJuneJulyAugSeptOctNovDec

1985-. JanFebMarAprMayJuneJulyAugSept ,.OctNovDec .

All programs

Coveredemploy-ment1

Insuredunemploy-

ment(weekly

aver-age)"

Thousands

40,01842,75143,43644,41145,72846,33446,26647,77648,43449,63751,58054,73956,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,80492,06292,65993,30091,62891,8988 96,474

1,3991,3231,5712,7731,8602,0712,9941,9467 1,9731,7531,4501,1291,2701,1871,1772,0702,6082,1921,7932,5584,9373,8463,3082,6452,5923,8373,4104,5943,7752,565

3,3743,1742,9582,6132,2902,1662,3272,1842,0832,1492,4412,778

3,3613,3393,1132,7662,4552,3372,5232,3612,2122,2272,468

Totalbenefits

paid(millions

ofdollars) 2 4

1,560.21,540.61,913.04,290.62,854.33,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.64,209.36,154.05,491.14,517.36,933.9

16,802.412,344.810,998.99,006.99,401.3

16,175.415,287.123,774.820,206.213,109.6

1,515.51,455.41,425.21,207.31,131.7

966.91,003.71,040.9

851.0998.4

1,047.11,163.1

1,556.11,495.61,483.71,379.51,258.41,035.91,197.31,123.21,000.91,105.51,052.6

State programs

Insuredunem-

ploymentInitialclaims

Exhaus-tions 6

Weekly average; thousands

1,2651,2151,4462,5101,6841,9082,2901,783

7 1,8061,6051,3281,0611,2051,1111,1011,8052,1501,8481,6322,2623,9862,9912,6552,3592,4343,3503,0474,0613,3962,474

2,6102,5252,4892,4302,3822,3652,3972,3562,3902,4252,5092,487

2,6072,6812,6392,5872,5752,5482,5972,5332,5292,5192,5482,574

226227270369211331350302

7 298268232203226201200296295261247363478386375346388488460583438378

373354352362353362378366372393395386

394406392390386396390382381375384390

252023503331463230262115171616253935293781635539395957808050

615857585448494543424244

5052555852495146436343

insuredunemploy-ment aspercent

ofcoveredemploy-

ment

3.53.23.66.44.44.85.64.44.33.83.02.32.52.22.13.44.13.52.73.56.04.63.93.32.93.93.54.63.92.8

3.02.92.92.82.82.72.82.72.82.82.92.8

2.93.03.02.92.82.82.82.82.82.72.82.8

Benefits paid

Total(millions

ofdollars) 4

1,350.31,380.71,733.93,512.72,279.02,726.73,422.72,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.93,848.54,957.04,471.04,007.65,974.9

11,754.78,974.58,357.27,717.28,612.9

13,761.113,262.120,650.017,762.812,594.7

1,457.91,400.41,368.01,160.91,100.8

935.2972.8

1,013.7826.9967.9

1,009.91,114.8

1,505.31,450.21,439.21,333.71,221.91,008.51,167.31,091.4

970.51,073.41,017.6

Averageweeklycheck

(dollars) 6

25.0427.0228.1730.5830.4132.8733.8034.5635.2735.9237.1939.7541.2543.4346.1750.3454.0256.7659.0064.2570.2375.1678.7983.6789.6798.95

106.70119.37123.59123.47

123.60124.29124.64125.20123.85122.19120.13120.54122.04123.56124.39125.36

126.68127.28128.98127.55126.34125.73125.04126.13127.19128.20126.64

**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).2 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 unomployment 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.6 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 all 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.

297


TABLE B-40.—Employees on nonagricultural payrolls, by major industry, 1939-85

[Thousands of persons; monthly data seasonally adjusted]

Year or month

1939

19401941.19421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985 ".

1984: Jan.Feb.Mar.AprMayJune.

July.Aug.Sept.OctNov.Dec ,

1985: Jan .. . .FebMar .AprMay .June

JulyAug . . .SeptOctNov "Dec".

Total

30,603

32,36136,53940,10642,43441,86440,37441,65243,85744,86643,754

45,19747,81948,79350,20248,99050,64152,36952,85351,32453,268

54,18953,99955,54956,65358,28360,76563,90165,80367,89770,384

70,88071,21473,67576,79078,26576,94579,38282,47186,69789,823

90,40691,15689,56690,19694,46197,692

92,60393,11593,38793,72593,99894,317

94,61594,89395,23895,57395,88296,092

96,41996,59196,91097,12097,42197,473

97,70797,97798,21798,55998,73999,059

Goods-producing industries

Total

12,297

13,22115,96318,47020,11419,32817,50717,24818,50918,77417,565

18,50619,95920,19821,07419,75120,51321,10420,96419,51320,411

20,43419,85720,45120,64021,00521,92623,15823,30823,73724,361

23,57822,93523,66824,89324,79422,60023,35224,34625,58526,461

25,65825,49723,81323,33424,73025,054

24,23424,46424,50724,60324,67024,767

24,84224,88924,85124,91824,95525,045

25,11225,06225,05625,09025,06625,010

24,98025,01524,96225,05125,07625,136

Mining

854

925957992925892836862955994930

901929898866791792822828751732

712672650635634632627613606619

623609628642697752779813851958

1,0271,1391,128952974969

963965966967973978

979984985979978973

974976977982982974

969965962960953952

Con-struction

1,165

1,3111,8142,1981,5871,1081,1471,6832,0092,1982,194

2,3642,6372,6682,6592,6462,8393,0392,9622,8173,004

2,9262,8592,9483,0103,0973,2323,3173,2483,3503,575

3,5883,7043,8894,0974,0203,5253,5763,8514,2294,463

4,3464,1883,9053,9484,3454,661

4,1924,3084,2654,2894,3074,344

4,3544,3664,3864,4034,4244,469

4,5344,5254,5534,6414,6584,638

4,6604,6884,7214,7534,7484,764

Manufacturing

Total

10,278

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

15,24116,39316,63217,54916,31416,88217,24317,17415,94516,675

16,79616,32616,85316,99517,27418,06219,21419,44719,78120,167

19,36718,62319,15120,15420,07718,32318,99719,68220,50521,040

20,28520,17018,78118,43419,41219,424

19,07919,19119,27619,34719,39019,445

19,50919,53919,48019,53619,55319,603

19,60419,56119,52619,46719,42619,398

19,35119,36219,27919,33819,37519,420

Durablegoods

4,715

5,3636,9688,82311,08410,8569,0747,7428,3858,3267,489

8,0949,0899,34910,1109,1299,5419,8339,8558,8299,373

9,4599,0709,4809,6169,81610,40511,28211,43911,62611,895

11,20810,63611,04911,89111,92510,68811,07711,59712,27412,760

12,18712,10911,03910,73211,52211,565

11,23211,32211,39011,43811,48511,538

11,58911,63811,61111,65211,66611,701

11,70211,67511,65111,60811,58611,560

11,50911,51911,44911,49311,50711,525

Nondur-ablegoods

5,564

5,6226,2256,4586,5186,4726,4506,9627,1597,2566,953

7,1477,3047,2847,4387,1857,3417,4117,3217,1167,303

7,3377,2567,3737,3807,4587,6567,9308,0078,1558,272

8,1587,9878,1028,2628,1527,6357,9208,0868,2318,280

8,0988,0617,7417,7027,8907,859

7,8477,8697,8867,9097,9057,907

7,9207,9017,8697,8847,8877,902

7,9027,8867,8757,8597,8407,838

7,8427,8437,8307,8457,8687,895


298


TABLE B-40.—Employees on nonagriculturalpayrolls, by major industry, 1939-85—Continued

[Thousands of persons; monthly data seasonally adjusted]

Year or month

1939

1940194119421943194419451946... .194719481949

1950195119521953195419551956195719581959

I960.. ..1961 v1962.1963196419651966 .196719681969

1970197119721973197419751976197719781979

198019811982198319841985 p

1984- JanFebMarAprMayJuneJulyAugSeptOctNovDec


JulyAugSeptOct

Dec p

Service-producing industries

Total

18,306

19,14020,57421,63622,32022,53622,86724,40425,34826,09226,189

26,69127,86028,59529,12829,23930,12831,26631,88931,81132,857

33,75534,14235,09836,01337,27838,83940,74342,49544,16046,023

47,30248,27850,00751,89753,47154,34556,03058,12561,11363,363

64,74865,65965,75366,86269,73172,638

68,36968,65168,88069,12269,32869,550

69,77370,00470,38770,65570,92771,047

71,30771,52971,85472,03072,35572,463

72,72772,96273,25573,50873,66373,923

Trans-portation

andpublic

utilities

2,936

3,0383,2743,4603,6473,8293,9064,0614,1664,1894,001

4,0344,2264,2484,2904,0844,1414,2444,241

' 3,9764,011

4,0043,9033,9063,9033,9514,0364,1584,2684,3184,442

4,5154,4764,5414,6564,7254,5424,5824,7134,9235,136

5,1465,1655,0824,9545,1715,301

5,0945,1035,1265,1355,1455,164

5,1745,1945,2105,2235,2295,246

5,2595,2725,2695,2785,3015,295

5,3025,2825,3175,3275,3415,358

Whole-sale

trade

1,762

1,8351,9601,9061,8221,8451,9492,2912,4712,6052,602

2,6352,7272,8122,8542,8672,9263,0183,0282,9803,082

3,1433,1333,1983,2483,3373,4663,5973,6893,7793,907

3,9934,0014,1134,2774,4334,4154,5464,7084,9695,204

5,2755,3585,2785,2685,5505,770

5,4225,4595,4785,4995,5165,532

5,5575,5735,6105,6365,6475,665

5,6865,6975,7145,7335,7485,768

5,7735,7915,8055,8305,8345,855

Retailtrade

4,664

4,9145,2515,2125,1605,2145,3656,0846,4856,6676,662

6,7517,0157,1927,3937,3687,6107,8407,8587,7708,045

8,2488,2048,3688,5308,8239,2509,6489,917

10,32010,798

11,04711,35111,83612,32912,55412,64513,20913,80814,57314,989

15,03515,18915,17915,61316,58417,418

16,13816,23716,29616,38516,44316,534

16,62316,67316,75016,85916,99417,026

17,09017,16017,24917,28017,39217,425

17,45317,51417,53917,61017,62117,648

Finance,insur-ance,

and realestate

1,447

1,4851,5251,5091,4811,4611,4811,6751,7281,8001,828

1,8881,9562,0352,1112,2002,2982,3892,4382,4812,549

2,6292,6882,7542,8302,9112,9773,0583,1853,3373,512

3,6453,7723,9084;0464,1484,1654,2714,4674,7244,975

5,1605,2985,3415,4685,6825,924

5,5885,6075,6275,6395,6535,680

5,6935,7075,7195,7375,7555,776

5,7905,8095,8355,8585,8885,906

5,9325,9595,9876,0116,0466,066

Services

3,502

3,6653,9054,0664,1304,1454,2224,6975,0255,1815,240

5,3575,5475,6995,8355,9696,2406,4976,7086,7657,087

7,3787,6207,9828,2778,6609,0369,498

10,04510,56711,169

11,54811,79712,27612,85713,44113,89214,55115,30316,25217,112

17,89018,61919,03619,69420,76121,931

20,25920,35820,46320,54620,62820,707

20,76620,84921,01421,08721,18421,252

21,38221,48021,64421,72321,81321,856

21,92622,07322,15522,24422,35822,473

Government

Total

3,995

4,2024,6605,4836,0806,0435,9445,5955,4745,6505,856

6,0266,3896,6096,6456,7516,9147,2787,6167,8398,083

8,3538,5948,8909,2259,596

10,07410,78411,39111,83912,195

12,55412,88113,33413,73214,17014,68614,87115,12715,67215,947

16,24116,03115,83715,86915,98416,294

15,86815,88715,89015,91815,94315,933

15,96016,00816,08416,11316,11816,082

16,10016,11116,14316,15816,21316,213

16,34116,34316,45216,48616,46316,523

Federal

905

9961,3402,2132,9052,9282,8082,2541,8921,8631,908

1,9282,3022,4202,3052,1882,1872,2092,2172,1912,233

2,2702,2792,3402,3582,3482,3782,5642,7192,7372,758

2,7312,6962,6842,6632,7242,7482,7332,7272,7532,773

2,8662,7722,7392,7742,8072,873

2,7782,7822,7912,7952,8062,802

2,8052,8122,8272,8232,8312,836

2,8362,8342,8502,8592,8732,872

2,8782,8862,9042,8922,8922,899

Stateandlocal

3,090

3,2063,3203,2703,1753,1163,1373,3413,5823,7873,948

4,0984,0874,1884,3404,5634,7275,0695,3995,6485,850

6,0836,3156,5506,8687,2487,6968,2208,6729,1029,437

9,82310,18510,64911,06811,44611,93712,13812,39912,91913,174

13,37513,25913,09813,09613,17713,421

13,09013,10513,09913,12313,13713,131

13,15513,19613,25713,29013,28713,246

13,26413,27713,29313,29913,34013,341

13,46313,45713,54813,59413,57113,624

Note.— Data in Tables B-40 through B-42 are based on reports from employing establishments and relate to f u l l - and part-time wageand salary workers in nonagricul tural establishments who worked dur ing or received pay for any part of the pay period which includesthe 12th of the month. Not comparable with labor force data (Tables B-31 through B-38), which include proprietors, self-employed. , ,persons, domestic servants, and unpaid family workers; which count persons as emptoyed 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-41.—Average weekly hours and hourly earnings in selected private nonagricultural industries,

1947-85

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

Year ormonth

1947194819491950195119521953.195419551956.195719581959. .196019611962.19631964.1965196619671968196919701971 ,197219731974197519761977197819791980.19811982198319841985 P.

1984: Jan ....Feb....Mar....Apr....May ...June...July....Aug....Sept...Oct....Nov....Dec....

1985: Jan ....Feb...Mar...

fcJune..July...Aug...Sept..Oct ...Nov.Decp.

Average weekly hours

Totalprivate

non-agricul-tural *

40.340.039.439.839.939.939.639.139.639.338.838.539.038.638.638.738.838.738.838.638.037.837.737.136.937.036.936.536.136.136.035.835.735.335.234.835.035.335,1

35.335.435.235.435.335.335.335.235.335.235.235.2

35.135.135.235.035.135.135.035.135.135.135.035.1

Manufac-turing

40.440.039.140.540.640.740.539.640.740.439.839.240.339.739.840.440.540.741.241.440.640.740.639.839.940.540.740.039.540.140.340.440.239.739.838.940.140.740.5

40.841.140.741.040.740.640.540.540.640.540.540.6

40.640.140.440.240.440.440.340.640.740.740.741.0

Con-struction

38.238.137.737.438.138.937.937.237.137.537.036.837.036.736.937.037.337.237.437.637.737.337.937.337.236.536.836.636.436.836.536.837.037.036.936.737.137.737.7

37.738.337.037.737.637.837.537.637.937.738.037.8

37.737.838.138.037.637.237.637.537.937.937.537.2

Retailtrade

40.340.240.440.440.439.839.139.239.038.638.138.138.238.037.637.437.337.036.635.935.334.734.233.833.733.433.132.732.432.131.631.030.630.230.129.929.830.029.7

30.130.130.030.130.130.130.029.929.929.829.929.9

29.829.829.829.729.929.929.729.629.629.529.529.3

Average gross hourly earnings,current dollars

Totalprivate

non-agricul-tural *

$1.1311.2251.2751.3351.451.521.611.651.711.801.891.952.022.092.142.222.282.362.462.562.682.853.043.233.453.703,944.244.534.865.255.696.166.667.257.688.028.338.58

8.218.238.258.308.298.328.358.358.408.388.428.47

8.448.498.528.548.558.598.578.608.658.648.678.75

Manufac-turing

$1.2161.3271.3761.4391.561.641.741.781.851.952.042.102.192.262.322.392.452.532.612.712.823.013.193.353.573.824.094.424.835.225.686.176.707.277.998.498.839.189.52

9.049.079.109.129.139.169.199.229.249.289.319.35

9.389.419.439.489.499.519.539.569.569.589.619.65

Con-struction

$1.5401.7121.7921.8632.022.132.282.382.452.572.712.822.933.073.203.313.413.553.703.894.114.414.795.245.696.066.416.817.317.718.108.669.279.94

10.8211.6311.9412.1212.26

12.0712.0212.0712.1012.1412.1412.1312.1412.1512.1412.1612.20

12.2012.2712.2212.2612.2512.2312.2312.2612.3012.2612.2612.33

trade

$0.838.901.951.983

1.061.091.161.201.251.301.371.421.471.521.561.631.681.751.821.912.012.162.302.442.602.752.913.143.363.573.854.204.534.885.255.485.745.885.97

5.845.835.855.865.865.875.885.875.895.905.935.93

5.925.945.955.945.965.945.955.966.005.996.006.03

Adjusted hourly earnings, totalprivate nonagricultural 2

Index,1977 = 100

Currentdollars

21.623.424.525.427.328.730.331.332.434.035.737.238.539.841.042.443.644.846.448.450.853.957.561.365.769.874.180.086.792.9

100.0108.2116.8127.3138.9148.5155.4160,7165.5

158.6158.7159.3160.1159.9160.5161.0160.8161.7161.6162.3163.4

163.0164.0164.4164.8164.9165.7165.4165.7166.7166.4167.1168.4

1977dollars3

58.558.962.364.063.665.568.770.573.375.976.978.080.081.483.085.086.387.589.090.392.294.095.095.798.3

101.2101.198.397.699.0

100.0100.597.493.592.693.494.994.894.3

94.994.995.195.595.095.295.294.294.394.194.594.9

94.594.794.594.494.394.594.394.394.794.394.194.6

Percent changefrom a year

earlier4

Currentdollars

8.34.73.77.55.15.63.33.54.95.04.23.53.43.03.42.82.83.64.35.06.16.76.67.26.26.28.08.47.27.68.27.99.0916.94.63.43.0

3.83.43.73.83.33.53.43.43.52.83.13.4

2.73.33.22.93.13.22.73.03.03.03.03.1

1977dollars

0.75.82.7

63.04.92.64.03.51.31.42.61.82.02.41.51.41.71.52.12.01.2

.72.73.0-.1

-2.8-.71.41,0.5

-3.1-4.0-1.0

.91.6-.1-.5

.1-.4

.1

.7

.2

.4

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

-.5-.2-.7

-1.2-.9-.8

-1.0.0.4.1

_ 5-'.5

1 Also includes other private industry groups shown in Table B-40.2 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=100base.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-40.Source: Department of Labor, Bureau of Labor Statistics.

300


TABLE B-42.—Average weekly earnings in selected private nonagricultural industries, 1947-85

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

Year or month

194719481949

19501951....19521953....1954

19551956195719581959

I960...19611962....19631964....

19651966196719681969

19701971197219731974

197519761977. .19781979

19801981198219831984

1985"

1984:JanFebMarAprMayJune


1985-. JanFebMarAprMayJune

JulyAugSeptOctNov"Decp

Average gross weekly earnings

Total privatenonagricul tural J

Currentdollars

$45.5849.0050.24

53.1357.8660.6563.7664.52

67.7270.7473.3375.0878.78

80.6782.6085.9188.4691.33

95.4598.82

101.84107.73114.61

119.83127.31136.90145.39154.76

163.53175.45189.00203.70219.91

235.10255.20267.26280.70294.05

301.16

289.81291.34290.40293.82292.64293.70

294.76293.92296.52294.98296.38298.14

296.24298.00299.90298.90300.11301.51

299.95301.86303.62303.26303.45307.13

1977dollars2

$123.52123.43127.84

133.83134.87138.47144.58145.32

153.21157.90158.04157.40163.78

164.97167.21172.16175.17178.38

183.21184.37184.83187.68189.44

186.94190.58198.41198.35190.12

184.16186.85189.00189.31183.41

172.74170.13168.09171.26173.48

171.60

173.33174.14173.48175.21173.88174.30

174.31172.19172.80171.80172.62173.14

171.73172.15172.46171.19171.59172.00

171.01171.80172.51171.82170.96172.16

Manufac-turing

(currentdollars)

$49.1353.0853.80

58.2863.3466.7570.4770.49

75.3078.7881.1982.3288.26

89.7292.3496.5699.23

102.97

107.53112.19114.49122.51129.51

133.33142.44154.71166.46176.80

190.79209.32228.90249.27269.34

288.62318.00330.26354.08373.63

385.56

368.83372.78370.37373.92371.59371.90

372.20373.41375.14375.84377.06379.61

380.83377.34380.97381.10383.40384.20

384.06388.14389.09389.91391.13395.65

Construc-tion

(currentdollars)

$58.8365.2367.56

69.6876.9682.8686.4188.54

90.9096.38

100.27103.78108.41

112.67118.08122.47127.19132.06

138.38146.26154.95164.49181.54

195.45211.67221.19235.89249.25

266.08283.73295.65318.69342.99

367.78399.26426.82442.97456.92

462.20

455.04460.37446.59456.17456.46458.89

454.88456.46460.49457.68462.08461.16459.94463.81465.58465.88460.60454.96

459.85459.75466.17464.65459.75458.68

Retailtrade

(currentdollars)

$33.7736.2238.42

39.7142.8243.3845.3647.04

48.7550.1852.2054.1056.15

57.7658.6660.9662.6664.75

66.6168.5770.9574.9578.66

82.4787.6291.8596.32

102.68

108.86114.60121.66130.20138.62

147.38158.03163.85171.05176.40

177.31

175.78175.48175.50176.39176.39176.69

176.40175.51176.11175.82177.31177.31

176.42177.01177.31176.42178.20177.61

176.72176.42177.60176.71177.00176.68

Percent change froma year earlier, total

privatenonagr icu l tura l 3

Currentdollars

7.52.5

5.88.94.85.11.2

5.04.53.72.44.9

2.42.44.03.03.2

4.53.53.15,86.4

4.66.27.56.26.4

5.77.37.77.88.0

6.98.54.75.04.8

2.4

5.56.55.55.84.74.9

4.84.94.42.83.34.0

2.02.13.32.12.42.8

1.82.62.43.02.42.9

1977dollars

-0.13.6

4.7.8

2.74.4

.5

5.43.1

.1-.44.1

.71.43.01.71.8

2.7.6.2

1.5.9

-1.31.94.1-.0

-4.1

-3.11.51.2

.2-3.1

-5.8-1.5-1.2

1.91.3

.-1.1

1.82.61.92.61.51.8

1.61.2.6

-.8-.1

.4

-1.2-1.3-.6

-2.0-1.5-1.2

-1.9-.4-.3

.1-1.0-.7

1 Also includes other private industry groups shown in Table B-40.2 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-40.Source: Department of Labor, Bureau of Labor Statistics.

301


TABLE B-43.—Productivity and related data, business sector, 1947-85

[1977 = 100; quarterly data seasonally adjusted]

Year orquarter

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985 P

1982:1III l lIV

1983:1I II l lIV

1984:1I II l lIV

1985:1I II l lIV...

Output per hourof all persons

Busi-ness

sector

45.147.047.8

51.653.955.557.758.6

60360.762.364.366.4

67569.972475.378.5

80983.185.387.687.7

88.391.294.195993.9

95.798.3

100.0100.8

99.6

99.2100.7100.3102.9105.0

105.3

99.8100.2100.3101.1

102.1103.2102.9103.5

104.7105.2105.1104.9

105.0105.2105.7105.3

Nonfarmbusiness

sector

51.653.154.3

57.759.660.962.363.2

65064.966.267.970.1

70973.175578.281.3

83385.187.089.388.9

89.191.894.796494.3

96.098.5

100.0100.8

99.2

98.899.899.2

102.6104.3

104.2

98.899.199.199.8

101.3102.9103.1103.1

103.9104.6104.3104.0

104.1104.3104.4103.9

Output »

Busi-ness

sector

36.438.237.5

41.044.045.447.646.8

49950.951.550.754.4

55456.459462.165.8

70073.675.678.981.1

80.382.587.793091.3

89.494.6

100.0105.8107.8

106.6108.9105.5110.0119.0

122.3

106.0105.9105.1105.0

106.6109.3110.8113.4

117.1119.2119.6120.1

121.2121.9122.6123.4

Nonfarmbusinesssector

35.437.136.4

39.943.144.546.645.7

48850.050.749.853.6

54555.658761.465.3

69573.475.378.880.9

80.082.287.592991.2

89.194.4

100.0105.9107.9

106.7108.5104.9110.2118.9

122.2

105.4105.5104.5104.2

106.2109.3111.4113.8

117.1119.2119.5120.0

121.1121.8122.6123.3

Hours of allpersons 2

Busi-ness

sector

80.681.278.5

79.481.781.882.579.8

82784.082.778.881.9

82080.782082.583.8

86588.688.690.192.4

90.990.593.3969973

93.496.1

100.0104.9108.3

107.5108.2105.2106.9113.4

116.1

106.2105.8104.8103.9

104.4105.9107.7109.5

111.8113.3113.8114.5

115.5115.9116.0117.2


68.669.867.1

69.172.373.174.872.3

75277.076.673.376.5

76976.111178.680.4

83486.386.588.291.0

89.889.592.3963967

92.895.9

100.0105.1108.7

108.0108.7105.8107.4114.1

117.3

106.7106.4105.4104.5

104.8106.2108.1110.3

112.7113.9114.5115.4

116.3116.7117.4118.7

Compensation perhour3

Busi-ness

sector

16.618.018.4

19.721.623.024.525.3

26027.729.530.932.2

33634.936537.939.9

41 444.346.750.353.8

57.761.565.570977.6

85.292.8

100.0108.5119.1

131.5143.7154.9161.5167.8

174.5

151.2153.8156.6158.3

160.0160.8161.5163.8

165.9166.8168.5170.0

171.9173.5175.4177.2


18.019.620.2

21.423.324.626.026.8

27829.531.232.433.8

35336.437939.341.1

42445.047.451.054.3

58.161.966.071 278^0

85.692.8

100.0108.6118.9

131.3143.6154.8162.1168.1

174.3

151.2153.5156.3158.2

160.4161.6162.4163.9

165.9167.4168.8170.1

172.1173.7174.9176.5

Real compensationper hour4

Busi-ness

sector

45.145.546.7

49.650.552.555.657.1

58761.763.664.767.0

68870.773275.077.9

79582.684.787.689.0

90.192.094.996795'.4

95.998.7

100.0100.8

99.4

96.795.797.398.297.9

98.3

96.897.297.297.9

98.998.397.798.2

98.197.797.897.9

98.298.198.698.6


48.949.351.3

53.954.356.058.860.5

62865.767.268.070.3

72273.875977.780.2

81583.986.188.889.8

90.792.695.797 195.9

96.498.8

100.0100.9

99.2

96.695.797.298.698.1

98.2

96.897.097.097.9

99.198.898.398.2

98.198.198.097.9

98.398.298.398.2

Unit labor costs

Busi-ness

sector

36.938.438.4

38.140.141.442.643.2

43145.747.448.048.5

49849.950550.450.8

51253.354.757.461.4

65.467.469.673982.7

89.094.3

100.0107.7119.6

132.6142.7154.5157.0159.8

165.7

151.6153.5156.1156.6

156.7155.9157.0158.3

158.5158.5160.3162.1

163.8164.9166.0168.2

i


34.936.837.1

37.139.040.441.742.4

42845.447.147.848.2

49849.850250.250.5

51052.854.557.161.2

65.267.469.773982.7

89.294.2

100.0107.7119.8

132.9144.0156.0158.0161.2

167.2

153.1154.8157.6158.5

158.3157.1157.6158.9

159.7160.0161.8163.6

165.3166.5167.6169.8

Implicit pricedeflator5

Busi-ness

sector

35.338.137.7

38.440.641.241.541.9

43144.746.346.947.8

48548.849750.250.7

51853.654.957.460.4

63.266.469.073480.5

88.794.0

100.0107.3117.0

127.6139.8148.1153.0158.7

163.0

145.7147.3149.3150.2

151.1152.0153.7154.9

156.6158.0159.4160.8

161.6162.7163.5164.6

Nonfarmbusiness

sector

33.836.536.8

37.539.540.340.941.5

42944.646.246.647.8

48548.849750.250.8

51953.555.057.560.4

63.466.669.072379.7

88.393.8

100.0107.0116.5

127.8140.3149.2154.2159.6

164.8

146.8148.2150.3151.4

152.3153.6154.8156.1

157.1158.8160.5161.9

163.0164.5165.5166.4

1 Output refers to gross domestic product originating in the sector in 1982 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on

establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an

estimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.5 Current dollar gross domestic product divided by constant dollar gross domestic product.

Note.—Data reflect the comprehensive revision in the national income and product accounts.Source: Department of Labor, Bureau of Labor Statistics.

302


TABLE B-44.—Changes in productivity and related data, business sector, 1948-85

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

Year or quarter

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985"

1982- 1(IIllIV

1983:1IIIllIV

1984:1IIIllIV

1985:1IIIllIV

Output per hourof ail persons

Businesssector

4.21.6

8.14.43.03.81.7

2.8.7

2.73.23.3

1.73.53.64.04.3

3.02.82.72.7.1

.73.23.22.0

-2.1

2.02.81.7.8

-1.2

-.31.5

-.42.62.1

.3

-.31.5.4

3.2

4.24.4

-1.22.5

4.62.1-.5-.7

.1

.91.9

-1.3


2.92.2

6.23.42.12.31.5

2.7-.12.02.63.2

1.13.23.33.63.9

2.52.12.32.6

-.5

.33.03.21.8

-2.2

1.82.61.5.8

-1.6

-.41.0

-.63.41.6

-.0'

01.4.1

2.6

6.36.3

.6

.4

3.02.9

-1.2-1.2

.5

.7

.3-1.8

Output >

Businesssector

5.0-1.8

9.37.53.14.8

-1.8

6.62.21.2

-1.67.3

1.81.95.24.66.0

6.35.22.74.42.7

-.92.76.36.0

-1.8

-2.15.85.85.81.9

-1.12.1

-3.14.38.2

2.8

-5.5-.2

-3.1-.4

6.310.55.89.5

13.67.51.31.7

3.62.32.52.5


4.7-1.7

9.48.13.24.8

-1.9

6.92.414

-1.87.7

1.72.05.54.76.3

6.45.62.64.72.7

-1.02.76.46.2

-1.8

-2.36.05.95.91.8

-1.11.7

-3.35.08.0

2.8

-5.3.2

-3.4-1.2

7.612.27.99.0

12.17.21.21.8

3.62.32.62.6

Hours of allpersons 2

Businesssector

0.8-3.4

1.12.9.1.9

-3.4

3.71.515

-4.73.9

.1-1.6

1.6.6

1.6

3.22.401.72.6

-1.6-.53.03.9

.3

-4.02.94.04.93.2

-.8.7

-2.71.76.0

2.4

-5.2-1.6-3.5-3.5

2.05.97.16.8

8.75.41.82.4

3.41.4.6

3.9


1.7-3.9

3.04.61.02.4

-3.4

4.12.5- 6

-4.34.4

.6-1.1

2.11.12.3

3.83.4

.32.03.2

-1.3-.33.14.3

.4

-4.03.44.35.13.5

-.7.7

-2.71.56.3

2.8

-5.3-1.2-3.5-3.7

1.25.57.38.6

8.84.22.43.1

3.01.62.24.5

Compensation perhour3

Businesssector

8.51.7

7.39.86.36.73.2

2.56.7654.64.3

4.33.84.73.85.2

3.86.95.47.97.0

7.36.46.68.39.5

9.78.97.88.59.7

10.59.27.84.33.9

4.0

10.46.87.54.5

4.42.11.75.8

5.22.14.23.7

4.53.84.54.1


8.53.0

6.18.75.65.73.3

3.66.2574.14.1

4.43.34.13.54.6

3.45.95.57.66.6

7.06.56.77.99.6

9.78.47.78.69.5

10.59.47.74.73.7

3.7

10.56.17.55.0

5.63.21.83.8

5.03.73.43.1

4.83.82.83.5

Real compensationper hour4

Businesssector

0.72.7

6.31.74.05.92.8

2.85.1301.83.5

2.72.73.52.53.8

2.13.92.53.51.5

1.22.13.21.9

-1.3

.52.91.3.8

-1.4

-2.7-1.0

1.61.0

-.4

.5

6.51.3.2

3.0

4.0-2.2-2.4

1.7

-,1-1.6

.5

.2

1.2-.42.0

.0


0.84.0

5.1.7

3.34.92.8

3.94.62 21.33.3

2.82.22.92.33.3

1.72.92.63.21.1

1.02.13.31.6

-1.3

.52.51.2.9

-1.6

-2.7-.91.51.5

-.5

.1

6.5.6.2

3.6

5.2-1.1-2.3

-.3-.1-.3_ 5

1.5-.3

.4-.5

Unit labor costs

Businesssector

4.1.1

-.75.23.12.81.6

-.36.03 71.41.0

2.6.3

1.1-.2

.8

.94.12.65.06.9

6.53.13.36.2

11.9

7.65.96.07.7

11.1

10.87.78.21.61.8

3.7

10.85.37.01.3

.2-2.1

2.93.2

.604.64.5

4.42.82.55.5


5.5.8

-.15.23.43.31.7

.96.23 71.4.9

3.3.1.8

-.1.7

.83.73.14.87.1

6.63.33.46.0

12.0

7.85.76.17.7

11.2

11.08.38.41.32.0

3.7

10.54.67.42.4

-.7-2.9

1.23.5

1.9.8

4.74.4

4.33.12.55.4

Implicit pricedeflator5

Businesssector

8.0-1.1

1.75.91.4.6

1.1

2.83.83 41.42.0

1.4.5

1.9.9

1.0

2.33.32.54.65.1

4.74.94.06.49.6

10.35.96.47.39.1

9.09.65.93.33.8

2.7

5.54.65.62.4

2.32.64.43.3

4.43.73.63.5

2.12.82.02.7


8.1.8

2.05.22.11.61.5

3.44.0351.02.6

1.4.6

2.0.9

i:2

2.03.12.94.65.0

4.95.03.64.8

10.2

10.86.36.67.08.9

9.79.76.33.43.5

3.3

5.44.15.73.0

2.43.33.33.4

2.44.44.43.6

2.73.72.62.0

1 Output refers to gross domestic product originating in the sector in 1982 dollars.2 tours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily on

establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an

estimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.5 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 slightlyfrom percent changes based on indexes in Table B-43.

Data reflect the comprehensive revision in the national income and product accounts.Source: Department of Labor, Bureau of Labor Statistics.

303


PRODUCTION AND BUSINESS ACTIVITY

TABLE B-45.—Industrial production indexes, major industry divisions, 1939-85

[1977 = 100; monthly data seasonally adjusted]

Year or monthTotal

industrialproduction

Manufacturing

Total Dura-ble

Non-durable

Min-ing

Utili-ties

1977 proportion 100.0

1939 16.01940 18.41941 23.31942 26.71943 32.41944 , 34.91945 29.91946 25.81947 29.01948 30.21949 28.61950 33.11951 35.91952 37.21953 40.41954 38.21955 43.01956 44.91957 45.51958 42.61959 47.71960 48.81961 49.11962 53.21963 56.31964 60.11965 66.11966 s 72.01967 73.51968 77.61969 81.21970 78.51971 79.61972 87.31973 94.41974 93.01975 84.81976 92.61977 100.01978 106.51979 110.71980 108.61981 111.01982 103.11983 109.21984 121.81985 " 124.51984: Jan 118.4

Feb 119.3Mar 120.1Apr 120.7May 121.3June 122.3July 123.2Aug 123.5Sept 123.3Oct 122.7Nov 123.4Dec 123.3

1985: Jan 123.6Feb 123.7Mar 124.0Apr 124.1May 124.1June 124.3July , 124.1Aug 125.2Sept 125.1Oct 124.4Nov" 125.1Dec" , 126.0

84.21 49.10 35.11

15.818.623.827.734.537.331.225.928.930.028.333.035.637.140.437.842.644.444.941.747.048.048.152.455.559.365.771.773.177.280.677.078.286.494.092.683.491.9100.0107.1111.5108.2110.5102.2110.2123.9127.1119.6121.0122.0122.8123.2124.1125.4125.9125.6125.5126.0125.8125.9125.8126.3126.6126.6126.7126.9128.2127.7127.1128.0129.0

13.6

18.124.230.741.846.134.924.429.030.327.5

33.537.740.045.239.945.647.147.441.547.7

48.547.652.856.360.368.676.277.080.884.0

77.677.386.396.394.382.691.1

100.0108.2113.9

109.1111.199.9

107.7124.8128.2

119.6121.0122.2123.3123.8124.7

126.4127.7127.2127.0127.5127.4

127.8127.2128.0128.2127.9127.6

127.9129.4128.3127.8129.2130.0

17.9

18.822.723.725.426.426.327.128.229.228.7

31.933.033.635.035.239.141.141.842.146.3

47.448.851.854.658.262.166.068.172.576.3

76.379.486.590.890.284.593.1

100.0105.5108.2

107.0109.7105.5113.7122.5125.4

119.5121.0121.6121.9122.3123.2

123.9123.2123.1123.3123.8123.4

123.2123.8123.9124.3124.7125.5

125.6126.6126.9126.1126.4127.6

9.83

37.6

41.844.445.746.850.249.248.354.657.450.9

56.962.461.963.562.369.573.173.267.170.2

71.672.174.177.180.283.187.689.392.796.4

98.996.498.499.398.896.697.4

100.0103.6106.4

112.4117.5109.3102.9110.9108.9

110.9109.4109.6109.8111.7113.5

114.8113.0113.6107.2108.8108.9

110.5109.5110.5109.6109.8110.6

108.7108.3108.4108.0106.3106.6

5.96

6.9

7.68.69.7

10.711.411.612.013.014.515.5

17.620.121.823.625.428.431.233.334.938.4

41.143.446.649.854.157.461.864.970.276.4

81.185.090.494.092.893.797.4

100.0103.1105.9

107.3107.1104.8105.2110.9113.2

112.7109.4111.6111.4111.6111.4

109.8110.0109.7109.4112.1111.6

113.0115.8113.9113.6113.7113.4

110.7110.3113.2112.6113.2114.7



TABLE B-46.—Industrial production indexes, market groupings, 1947-85

[1977=100; monthly data seasonally adjusted]

Year or month

1977 proportion

194719481949

1950195119521953195419551956195719581959

19601961 . .19621963196419651966 .. .196719681969

1970197119721973197419751976197719781979

198019811982198319841985"

1984- JanFebMarAprMayJuneJulyAugSeptOctNov ,Deci

1985- JanFebMarAprMayJuneJulyAugSeptOctNov p

Dec"

Totalindustrial

production

100.00

29.030.228.6

33.135.937.240.438.243.044.945.542.647.7

48.849.153.256.360.166.172.073.577.681.2

78.579.687.394.493.084.892.6

100.0106.5110.7

108.6111.0103.1109.2121.8124.5

118.4119.3120.1120.7121.3122.3123.2123.5123.3122.7123.4123.3

123.6123.7124.01241124.1124.3124.1125.2125.1124.4125.1126.0

Final products

Total

44.77

29.030.129.1

32.935.538.140.738.541.644.145.443.347.5

49.149.553.756.759.965.872.175.078.681.1

78.278.985.692.091.786.392.4

100.0106.9111.0

112.2115.2109.5114.7127.8132.0

123.4124.2125.0126.1126.8128.2129.2129.7129.8129.9130.7130.6

130.4130.4130.8131.3131.7131.6131.8133.3133.3132.0133.4134.2

Consumer goods

Total »

25.52

29.930.830.6

35.034.635.437.537.341.643.144.243.848.0

49.850.954.357.360.565.368.670.374.577.3

76.480.887.391.288.484.993.3

100.0104.3103.9

102.7104.1101.4109.3118.2120.5

116.2116.9117.3118.3117.7118.5119.1118.4118.3118.5119.6119.7

118.8119.1119.8119.5120.0120.4120.1121.5121.8120.7122.0123.0

Auto-motive

products

2.98

25.827.026.7

33.629.826.833.931.541.934.536.128.736.0

41.237.645.649.952.364.464.256.467.267.5

56.872.478.186.274.570.287.1

100.0102.4

94.9

76.178.878.195.1

109.8115.1

110.7111.2111.6110.4108.9110.4110.4111.6107.4104.2110.2111.6

114.2115.4115.1113.1113.6113.4115.0120.0117.8112.9116.6117.2

Homegoods

3.91

26.127.225.2

34.729.929.933.931.336.938.838.035.841.1

41.442.746.450.054.661.968.269,174.078.9

76.581.092.798.190.779.989.5

100.0104.7103.7

97.798.186.5

101.1114.8110.9

114.9114.4113.7115.0114.1112.7116.4114.6114,7116.9115.8114.3

111.6110.9112.2110.2110.4110.9108.4109.5109.3110.1113.0114.1

Equipment

Total2

19.25

""sTs"93.S96.688.591.5

100.0110.3120.4

124.7129.9120.2121.7140.5147.2

132.8133.9135.3136.4138.8141.0142.5144.5145.0145.0145.5144.9

145.7145.3145.4146.9147.1146.6147.3149.0148.6147.1148.5148.9

Busi-ness

14.34

25.927.023.6

25.230.834.936.331.934.640.141.735.239.5

40.639.442.844.950.357.666.768.071.075.6

72.969.379.092.496.586.189.3

100.0112.2124.7

125.1127.6113.6115.4134.9141.3

127.1128.5130.4131.2133.3135.5137.0139.1139.2139.1139.8138.4

140.4140.0140.2142.0141.9140.7141.3143.0142.2140.2141.9142.1

De-fenseand

space

3.67

15.217.818.6

21.953.875.790.679.873.171.474.674.978.9

81.182.495.4

102.999.6

110.3129.6147.8148.1141.0

119.4107.3104.3101.9100.498.5

100.1100.0101.2105.6

115.4119.8133.0143.1157.9173.7

148.8151.3151.9155.6156.0157.2158.5160.7163.4163.5163.3165.3

165.3167.3169.0170.1171.2173.4173.9175.5177.5178.9181.1182.0

Inter-mediateproducts

12.94

29.931.629.9

34.836.536.338.838.743.945.945.944.949.6

49.950.954.057.060.764.668.671.475.579.6

78.480.890.296.092.683.692.1

100.0106.9110.8

106.9107.3101.7111.2124.9130.6

120.9121.9122.8123.0124.2125.4127.0126.9125.6126.2127.2127.3

126.8127.7128.6129.3130.3131.4130.7132.0132.3132.0132.3133.2

Materials

Total3

42.28

28.830.027.3

32.736.236.740.837.744.645.745.741.147.4

48.148.152.455.860.367.273.272.577.381.9

79.080.288.496.894.883.293.0

100.0105.9110.3

105.3107.796.7

102.8114.6114.6

112.4113.3114.1114.4114.7115.2115.8116.1115.9114.2114.6114.6

115.4115.4115.5115.0114.2114.3113.8114.5114.2114.0114.2115.1

Dura-ble

goods

20.50

28.529.326.3

33.137.638.444.938.747.447.647.540.047.7

48.347.152.455.960.969.876.974.278.682.7

75.175.485.297.494.678.890.8

100.0108.8114.4

106.1109.794.2

103.7122.3121.8

118.1120.1120.6121.6121.7122.4123.5124.4124.0123.7123.9123.4

124.2123.3123.3122.8120.7120.8120.2121.8120.2120.3121.8122.6

Non-durablegoods

10.09

29.133.334.834.734.539.4

40.141.745.247.952.157.261.862.969.174.8

75.278.486.492.793.282.993.9

100.0105.6109.3

103.4107.196.6

106.2111.2112.1

110.3111.2111.8111.3111.4111.2111.6111.5111.4111.2110.7110.7

110.9111.4110.3110.4111.3111.8112.8113.5114.7112.9112.6113.4

1 Includes clothing and consumer staples, not shown separately.2 Includes rigs and prefabs, not shown separately.3 Includes energy materials, not shown separately.Source: Board of Governors of the Federal Reserve System.

305


TABLE B-47.—Industrial production indexes, selected manufactures, 1947-85

[1977 = 100; monthly data seasonally adjusted]

Year or month

1977 proportion

1947194819491950 .19511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985 >>

1984: JanFebMar

MayJune


1985- JanFebMar

MayJune

JulyAugSeptOctNov"Dec"

Durable manufactures

Primarymetals

Total

5.33

57.860.150.563.669.263.271.657.975.374.871656.866.466.164.969.675.184.793.298.991.494.7

101.994.889.9

100.7114.3110.788.298.7

100.0107.0108.590.495.065.873.082.4808

84.385.183.684.282.880.4

80.684.082.981.380.978.4

81.780.281.881.476.478.3

79.082.080.383.084.483.0

Ironandsteel

3.49

70.473.662.977.586.676.287.968.390.889.185964.774.575.772.375.382.193.4

102.4105.597.5

100.7109.7102.193.4

103.8118.2114.592.0

101.4100.0107.5108.086.392.557.566.173.5

77.978.175.676.074.371.0

69.074.673.671.071.168.9

71.068.573.271.965.467.6

68.771.669.774.475.8

Fabri-catedmetalprod-ucts

6.46

40.441.237.245.548.647.453.548.255.055.857251.357.657.656.261.163.167.073.678.882.586.988.481.981.589.499.495.482.791.6

100.0105.7109.4101.8101.686.689.1

102.8108.0

97.299.1

102.1101.5101.9103.3103.7104.1104.8104.8105.4105.9

106.4107.6108.6109.1108.3107.4

107.3107.8107.5108.4108.8109.9

Non-elec-trical

machin-ery

9.54

26.726.822.925.732.635.536.931.634.639.739633.238.839.037.942.545.451.758.267.668.969.575.272.867.678.591.797.784.588.8

100.0111.7122.6123.3129.8115.6118.3142.0146.4

131.6133.4136.5138.9141.9143.7

146.1147.8146.5146.6145.8144.6

145.0144.9146.5148.9149.1145.6

147.5149.2146.5143.5144.9145.9

Electri-cal

machin-ery

7.15

14.515.114.119.419.522.325.622.826.128.328125.731.233.835.941.342.444.953.564.264.568.172.569.369.679.790.789.877.286.8

100.0112.9125.7130.3134.1128.4143.8172.4168.9

163.0164.6165.9169.2169.2171.4

175.3176.2176.8178.4178.9180.2

176.0173.2173.1168.9169.3169.5

165.7166.1165.1164.8167.3168.7

Transportationequipment

Total

9.13

26.629.029.234.938.945.256.849.456.855.159046.552.754.651.359.365.166.879.485.183.290.489.775.381.587.099.190.181.092.2

100.0106.3108.396.995.187.699.2

113.6123.4

112.1112.3112.3112.0111.2112.4

114.2116.2114.3113.4116.0117.8120.4120.5120.8120.7120.9121.8

123.7126.8126.2124.6126.8127.7

Motorvehicles

andparts

5.25

28.831.232.041.237.832.440.835.147.138.240 129.638.543.438.146.351.352.767.366.258.269.770.056.370.677.189.877.565.786.5

100.0104.695.971.171.666.885.8

105.6112.3106.5106.0106.5103.6103.4104.3105.4108.3104.6103.1107.5109.5

113.0112.5111.3110.9110.5110.5

112.8116.8115.3111.7114.5115.6

Lumberand

prod-ucts

2.30

47.249.143.352.752.551.854.854.560.860.155256.063.659.862.666.169.274.377.280.179.381.681.581.183.295.395.686.880.891.9

100.0102.4102.092.990.182.8

100.2109.1

106.7108.1109.5110.0108.3109.8

107.9109.4110.4110.2109.5109.4

109.2109.1109.5110.9112.2113.5

113.0114.8115.9116.5

Nondurable manufactures

Apparelprod-ucts

2.79

47.049.148.652.351.354.054.754.159.761.160959.265.266.566.969.672.575.079.381.380.982.985.682.283.288.389.085.077.691.5

100.0103.198.397.396.187.395.3

102.8

104.1104.7104.6106.1104.2102.9

102.3101.3100.1100.5101.1102.5

102.6103.1101.3100.2100.3

99.2

100.6100.4101.8102.6103.6

Printingand

publish-ing

4.54

34.336.037.038.839.539.441.242.947.250.251950.754.156.356.558.661.765.569.775.079.180.484.382.082.788.290.689.283.591.2

100.0107.8112.7115.1118.6120.2129.8147.9155 1139.7141.6143.5144.1148.2149.4

152.3151.5148.8149.5153.5151.2

150.4150.3152.6154.2155.4156.7

154.3156.3156.2156.1158.3160.0

Chem-icalsand

prod-ucts

8.05

10.411.311.113.915.716.517.818.121.122.623.924.728.829.931.434.838.141.746.550.753.059.664.567.171.480.387.891.082.992.8

100.0106.8111.4106.4112.6103.8114.0121.7

118.2120.1120.3119.9119.5122.1

122.9122.0124.2123.5124.3123.4

125.7125.8126.5125.8126.7126.4

126.4128.2129.0127.5126.9

Foods

7.96

41.941.541.943.444.345.246.147.049.852.653.454.757.459.060.762.664.967.869.472.075.277.279.881.083.688.089.891.090.495.6

100.0104.3106.7111.4113.7114.9120.4127.1

123.4124.4125.5126.8126.7127.4

127.8127.7128.2129.1128.7129.0

128.2129.4128.5130.8131.4131.8

132.2132.6132.5131.0130.6

Source-. Board of Governors of the Federal Reserve System.


TABLE B-48.—Capacity utilization rates, 1948-85

[Percent; quarterly data seasonally adjusted]

Year orquarter

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985 "

1984: JanFebMar

May:::.""::June


1985: JanFebMar

May"":::::June

JulyAugSeptOctNov"Dec ".

Totalindustry

87.187487.4

80.979.084087.9836

74178.882.484.8852

80979.972174.7812

806

80.080.480.881.081.281.6

82.082.081.781.181.381.1

81.180.981.080.880.680.5

80.280.780.579.880.180.5

Total

825742

82885.885489.3801

87086183675.0816

80177.3814835856

89591 186.787086.7

79.277.482887.0826

72377.481.484.2846

79378.370374.0808

803

79.280.080.480.780.781.1

81.781.881.381.181.280.9

80.780.480.580.580.380.1

80.180.780.179.579.980.3

Durablegoods

87.086786.1

76.173.379786.2816

69674.879.482.9841

77976.766970.3790

783

76.977.678.278.678.779.0

79.880.479.979.579.579.3

79.378.778.978.978.578.0

78.078.777.877.377.978.2

Manufac tur ing

Non-durablegoods

86.687788.0

83.983.587488.1842

76381.484.586.1853

81 380.775579.5836

832

82.683.483.683.683.784.1

84.483.783.583.483.683.1

82.883.082.983.083.083.4

83.383.783.783.083.083.6

Primaryprocessing

873762

88590284989.4806

92089484775.4830

79877.981583.8878

91 091485.386987.7

80,979.586491.3854

72279.383.186.0866

77978.167674.281 6

823

80.181.381.881.681.781.8

81.782.382.081.881.780.9

81.681.581.882.181.582.0

82.382.982.882.983.083.4

Advancedprocessing

800732

79883.4859893800

84284483174.981 1

80577.281683.4846

88891 187.687086.1

78.376.181 185.1815

72676.880.583.1835

80078.371 773.9804

793

78.879.379.680.280,380.7

81.681.480.980.780.980.8

80.279.879.879.779.879.3

79.179.679.078.078.578.9

Mining

82.984687.0

89.087.390291.491 1

89289.789.990.3907

93292.983477.9836

814

83.882.782.782.884.385.5

86.485.085.480.681.781.7

82.982.182.882.182.282.7

81.280.981.080.679.279.4

Utilities

93.293995.6

95.193.794592.8868

84385.385.185.0856

85484.281480.5838

839

85.683.084.684.384.484.2

82.983.082.682.484.383.8

84.786.785.084.684.584.1

81.981.583.482.883.184.0

Industrialmaterials

85.186.888.1

81.880.486.091.186.1

73.480.384.186.387.1

81.181.171.775.382.3

80.2

81.682.182.582.682.682.8

83.083.182.781.381.581.3

81.781.581.480.980.180.1

79.579.979.579.279.179.6


307


TABLE B-49.—Neu' construction actitity. 1929-85

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

Year or month

1929..

1933

1939

19401941194219431944

19451946

New series

194719481949

19501951195219531954

19551956195719581959

I9601961196219631964....

19651966.. ..196719681969...

19701971197219731974

1975....19761977....19781979

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

135.9154.9180.8215.9241.9

238.0246.7236.9268.7313.0

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

95.1115.8142.6170.0193.1

183.0193.3186.1218.0257.8

Residentialbui ldings 1

Total2

3.6

.5

2.7

3.03.51.7.9.8

1.36.2

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

46.564.387.9

103.8110.5

94.594.180.6

121.3145.1

Newhousing

units

3.0

.3

2.3

2.63.01.4

.7

.6

.74.8

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

34.451.172.786.290.1

70.470.257.795.7

114.6

Nonresidential buildings and otherconstruction *

Total

4.7

.8

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

88.499.2

105.596.7

112.7

Com-mercial3

1.1

.1

.3

.3

.4

.2

.0

.1

.21.2

1.01.41.2

1.41.51.11.82.2

3.23.63.63.63.9

4.24.75.15.05.4

7.8"9.4

9.811.613.515.515.9

12.812.814.818.624.9

29.934.237.335.848.1

Indus-trial

0.9

.2

.3

.4

.8

.3

.2

.2

.61.7

1.71.41.0

1.12.12.32.22.0

2.43.13.62.42.1

2.92.82.82.93.6

e.b"6.8

6.55.44.76.27.9

8.07.27.7

11.015.0

13.817.017.312.913.7

Other4

2.6

.5

1.2

1.31.51.2.9

1.1

1.33.0

4.25.55.9

6.16.76.87.37.2

7.38.09.08.89.0

8.98.79.29.7

10.7

15.5"16.9

19.020.121.824.526.7

27.831.532.236.742.7

44.747.950.948.150.9

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

55.053.350.850.755.2

Federal

0.2

.5

.8

1.23.89.35.62.5

1.7.9

.81.21.5

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

9.610.410.010.611.2

State andlocal5

2.3

1.1

3.1

2.42.01.3

.7

.6

.71.4

2.53.54.8

5.26.36.67.18.3

8.910.011.112.112.3

12.213.314.015.416.5

18.020.022.124.224.6

24.825.925.827.633.0

34.632.130.937.540.2

45.442.940.840.244.0



TABLE B-49.—New construction activity, 1929-85—Continued

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

Year or month




JulyAugSeptOctNov"

Totalnew

construc-tion

284.4302.5309.4309.9315.7317.8

319.1321.2321.0318.2313.1310.1

341.0334.3333.7341.9339.9343.8

344.2343.2346.1346.3348.2

Private construction

Total

233.3249.6255.9255.6261.5260.8

263.5265.4264.3262.0257.5254.5

283.7276.5274.6282.0276.4278.9

279.5279.4282.5282.7283.7

Residentialbuildings1

Total2

132.7146.1150.1146.6148.4147.7

150.3149.8149.4144.0137.9134.3

155.3146.0146.2146.5142.3147.2

148.7146.9148.9150.6150.3

Newhousing

units

107.6112.0112.9113.5117.0116.8

117.9117.0116.3115.9113.5111.9

113.0110.3110.8112.6112.0112.2

112.8113.4113.8115.9115.9

Nonresidential buildings and otherconstruction 1

Total

100.6103.5105.8109.0113.2113.1

113.2115.6115.0117.9119.6120.3

128.4130.4128.4135.4134.2131.8

130.8132.5133.6132.1133.4

Com-mercial3

40.141.844.145.647.747.8

47.649.150.852.152.554.5

58.558.959.461.260.158.3

58.059.961.260.861.5

Indus-trial

12.212.813.613.213.713.2

13.514.014.714.314.614.4

15.215.814.617.316.415.2

15.415.115.615.415.5

Other4

48.348.848.150.251.852.2

52.152.549.551.552.451.3

54.755.754.456.957.758.3

57.557.556.855.856.3

Public construction

Total

51.152.953.554.354.256.9

55.655.956.656.255.655.5

57.457.859.159.963.564.9

64.763.963.663.664.5

Federal

10.210.510.811.311.211.7

10.511.212.011.311.911.5

11.811.711.711.312.513.1

13.012.012.512.713.1

State andlocal5

40.942.442.643.043.045.2

45.144.744.644.943.744.0

45.546.147.548.651.051.8

51.751.851.050.951.4

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

2 Total includes additions and alterations and nonhousekeepmg 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 all

other private.5 Includes Federal grants-in-aid for State and local projects.Note.—Data beginning 1976 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.


TABLE B-50.—New housing units started and authorized, 1959-85

[Thousands of units]

Year or month

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985"

1984:JanFebMarAprMayJune



JulyAugSeptOctNovDec"

New housing units started

Private and public l

Total(farm andnonfa rm)

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

146902,084.52,378.52,057.51,352.5

1,171.41,547.6

1 2,001.72,036.11,760.0

1,312.61,100.31,072.11,712.51,755.8

1,735.9

109.3130.4138.1173.0182.2184.3

163.1147.8149.6152.7126.5

99.0

105.495.8

145.2176.0170.5163.4

161.0161.1148.6173.2120.9114.7

Nonfarm

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

( 3 )

Mw( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )

( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )

!=!( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )

( 3 )( 3 )( 3 )( 3 )( 3 )( 3 )

Private ( f a rm and non fa rm) 1

Total

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

1,292.21,084.21,062.21,703.01,749.5

1,732.8

Type of structure

1 uni t

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

1,067.61,084.2

1,070.2

2 to 4units

28C

25133847159C

108.4

86.661.171.680.985.0

84.8120.3141.3118.368.1

64.085.9

121.7125.0122.0

109.591.180.0

113.5121.4

93.7

5 unitsor more

.0

.4

.7

.5).8

450.0

422.5325.1376.1527.3571.2

535.9780.9906.2795.0381.6

204.3289.2414.4462.0429.0

330.5287.7319.6522.0544.0

568.9

New private housing units authorized 2

Total

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

1,000.51,605.21,681.8

1,740.8

Type of structure

1 unit

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

710.4564.3546.4901.5922.4

961.1

2 to 4units

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

133.6142.6

123.4

5 unitsor more

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

365.7319.4365.8570.1616.8

656.3

Seasonally adjusted annua l rates

1,9332,2081,7001,9491,7871,837

1,7301,5901,6691,5641,6001,630

1,8491,6471,8891,9331,6811,701

1,6631,7401,6161,7721,5661,840

1,2561,4401,0761,1631,1181,077

996962

1,009979

1,0431,112

1.0601,1351,1681,1551,0391,031

1,0621,059

9751,120

9611,113

117142133160118108

116114107109115119

10596

10611310992

869783778091

560626491626551652

618514553476442399

684416615665533578

515584558575525636

1,8401,9761,7391,7881,7651,805

1,5911,5421,5171,4771,6161,599

1,6351,6241,7411,7041,7781,712

1,6941,7841,8081,6881,6611,873

1,0231,127

981972944939

8648538668278.46843

903927993948933961

967990949965918978

147165160155156150

142132125121127132

150114138118131130

121127127112111123

670684598661665716

585557526529643624

582583610638714621

606667732611632772

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 17,000 permit-issuing places beginning 1984; in 16,000 places for 1978-83; in14,000 places for 1972-77; in 13,000 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.

310


TABLE B-51.—Business expenditures for new plant and equipment, 1947-86

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

Year or quarter

194719481949

19501951195219531954

19551956195719581959

1960196119621963 ..1964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985 4

19864

1984:1III l lIV

1985: II II l lI V 4

1986: I 4

I I 4

Industries surveyed quarterly

Allindus-tries

20.1122.7820.28

21.5626.8128.1629.9628.86

30.9437.9040.5433.8435.88

39.4438.3440.8643.6751.26

59.5270.4072.7576.4285.74

91.9192.91

103.40120.03139.67

142.42158.44184.82217.76254.96

282.80315.22310.58304.78354.44

384.22393.52

337.95349.97361.48368.29

371.16387.83388.90388.98

402.13405.99

Manufactur ing

Total

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

36.9933.6035.4242.3552.48

53.6658.5367.4878.5895.92

112.33126.54120.68116.20138.82

152=42152.30129.91135.96142.44146.96145.65154.33154.04155.68154.74159.16

Dura-ble

goods

3.393.542.67

3.225.125.755.715.49

5.878.198.596.216.72

8.287.437.818.64

10.98

13.4917.2317.8317.9319.97

19.8016.7818.2222.6326.77

25.3727.5032.7739.4648.50

55.3659.8155.3553.0866.24

72.5370.7661.2364.0368.2671.4369.8773.9672.8573.46

71.9574.55

Non-durablegoods

5.345.714.64

4.515.956.376.726.51

6.628.158.916.777.04

8.088.108.228.63

10.25

11.9214.1514.4214.4016.31

17.1916.8217.2019.7225.71

28.2831.0334.7139.1347.42

56.9666.7365.3363.1272.58

79.8981.54

68.6871.9374.1875.5375.7880.3681.1982.22

82.7984.60

Nonmanufactur ing

Total »

11.3813.5312.96

13.8315.7416.0417.5316.85

18.4421.5723.0420.8622.12

23.0822.8024.8326.4030.04

34.1239.0340.5044.0849.47

54.9259.3167.9877.6787.19

88.7699.91

117.34139.18159.04

170.47188.68189.89188.58215.61

231.79241.23208.04214.01219.04221.33225.51233.51234.86233.30

247.39246.83

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

2.022.672.883.304.58

6.127.639.81

11.2212.81

15.9921.3920.0515.1916.86

15.8414.8517.2416.3816.8217.0015.6616.5115.9415.24

15.3015.75

Trans-portation

2.693.172.80

2.873.603.563.582.91

3.103.563.842.723.47

3.543.143.593.644.71

5.666.686.576.917.23

7.176.427.148.009.16

9.9511.1012.2013.3616.05

16.6015.8414.7913.9716.52

17.7718.67

15.2917.0117.4916.2816.2217.5019.0918.2518.8018.98

Publicut i l i -ties

1.642.673.28

3.423.753.964.614.23

4.264.785.955.745.46

5.405.205.125.335.80

6.497.829.33

10.5211.70

13.0314.7016.2617.9919.96

20.2322.9027.8331.5035.63

37.7441.2145.4344.9647.48

48.2346.13

47.0847.9447.9246.92

48.4648.4748.1447.85

48.9947.53

Com-mercial

andother

6.386.776.01

6.707.297.318.098.42

9.7711.5911.5610.9711.84

12.8613.2114.7116.1718.20

20.SO23.1123.2225.2228.77

32.7135.5241.6948.3953.49

52.4758.2967.5183.0994.56

100.14110.24109.63114.45134.75

149.96161.58128.42132.67136.80141.13145.17151.02151.69151.96

164.30164.57

Addenda

Totalnon-farmbusi-

ness 2

22.2725.9724.03

25.8131.3832.1634.2033.62

37.0845.2548.6242.5545.17

48.9948.1451.6153.5962.02

70.7982.6283.8288.92

100.02

106.15109.18120.91139.26159.83

162.60179.91208.15245.34284.94

314.47349.26347.47343.35398.99

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

36.9933.6035.4242.3552.48

53.6658.5367.4878.5895.92

112.33126.54120.68116.20138.82

152.42152.30

129.91135.96142.4414696145.65154.33154.04155.68154.74159.16

Nonmanufacturing

Total

13.5416.7316.72

18.0820.3120.0421.7721.62

24.5828.9131.1129.5731.41

32.6332.6035.5836.3340.80

45.3951.2551.5756.5863.74

69.1675.5885.4996.91

107.35

108.95121.38140.67166.76189.02

202.15222.72226.79227.15260.16

Sur-veyedquar-terly

11.3813.5312.96

13.8315.7416.0417.5316.85

18.4421.5723.0420.8622.12

23.0822.8024.8326.4030.04

34.1239.0340.5044.0849.47

54.9259.3167.9877.6787.19

88.7699.91

117.34139.18159.04

170.47188.68189.89188.58215.61

231.79241.23208.04214.01219.04221.33225.51233.51234.86233.3024739246.83

Sur-veyedannu-a l l y 3

2.163.193.76

4.254.574.004.234.76

6.147.358.088.729.29

9.559.80

10.759.93

10.76

11.2712.2211.0712.5014.27

14.2416.2617.5119.2420.16

20.1921.4723.3327.5829.98

31.6834.0436.8938.5644.55

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 membership

organizations; and real estate.4 Planned capital expenditures as reported by business in late October and November 1985, corrected for biases.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-52.—Sales and inventories in manufacturing and trade 1948-85

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

19481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973 . .1974197519761977 ,19781979198019811982198319841984: Jan

FebMarAprMayJuneJulyAugSeptOctNovDec

1985: JanFebMarAprMayJuneJulyAugSeptOctNov

Total manufacturingtrade

Sales »

35,26033,78838,59643,35644,84047,98746,44351,69454,06355,87954,20159,72960,82761,15965,66268,99573,68280,28387,18790,41998,184105,088107,536116,110130,144153,566177,861182,404204,463230,000260,810298,344328,074356,927344,656368,747411,733402,489402,395404,612408,342412,524413,976412,233413,300412,276414,243417,635421,613417,350418,667420,776426,472428,275418,378422,483430,417428,998426,033432,110

Inven-tories2

52,50749,49759,82270,24272,37776,12273,17579,51687,30489,05287,09392,12994,71395,594101,063105,480111,503120,907136,790144,920155,831169,482177,719187,929202,132233,419286,098288,651318,833351,459399,561451,354493,958527,739509,213520,281573,434524,733532,141538,817545,926550,503552,421557,168561,715565,475568,750571,239573,434575,802578,940578,768580,201577,781579,665580,116578,182578,918582,173583,600

and

Ratio3

1.421.531.361.551.581.581.601.471.551.591.601.501.561.541.501.491.471.451.471.561.531.551.621.581.491.411.451.571.481.461.441.431.451.441.511.381.341.301.321.331.341.331.331.351.361.371.371.371.361.381.381.381,361.351.391.371.341.351.371.35

Manufacturing

Sales 1

17,31616,12618,63421,71422,52924,84323,35526,48027,74028,73627,24730,28630,87930,92333,35735,05837,33140,99544,87046,48750,22853,50152,80555,90663,02772,93184,79086,58998,797113,202126,905143,936154,391168,129159,027170,441189,578184,558185,616187.940187,669188,397189,255189,896191,155189,330191,275193,043196,181191,724192,261194,303193,509194,638193,871193,793196,593194,229197,229200,131

Invento-ries2

28,54326,32131,07839,30641,13643,94841,61245,06950,64251,87150,24152,94553,78054,88558,18660,04663,40968,18577,95284,66690,61898,203101,653102,656108,237124,626157,792159,935175,195189,214210,509241,100264,281282,645264,909260,682285,709261,494264,315268,234270,640274,268277,207279,774282,774284,531285,597285,668285,709285,785286,146286,171286,049284,900285,678285,036284,688284,030282,444281,993

Ratio3

1.571.751.481.661.781.761.811.621.731.801.841.701.751.741.701.691.641.601.621.761.741.771.901.831.671.581.651.841.691.611.571.571.661.641.731.521.451.421.421.431.441.461.461.471.481.501.491.481.461.491.491.471.481.461.471.471.451.461.431.41

Merchant wholesalers

Sales *

6,8086,5147,6958,5978,7829,0528,9939,89310,51310,47510,25711,49111,65611,98812,67413,38214,52915,61116,98719,52020,92622,69424,03126,35029,69538,17347,98946,80350,88556,36466,67479,48193,721102,02196,290100,448114.071111,795111,053112,147113,230116,186115,636114,774114,749114,573113,994114,337114,913114,654114,310114,619117,612118,753110,777114,273116,847115,231113,944116,359

Invento-ries2

7,9577,7069,2849,88610,21010,68610,63711,67813,26012,73012,73913,87914,12014,48814,93616,04817,00018,31720,76524,95526,26828,76232,19935,21038,81645,55657,23956,97?64,36572,80186,44299,348113,623118,438118.290120,476132,208121.337122,918123,977125,659126,742126,745128,577129,433130,610131,023132,501132,208132,247133,631133,865133,968134,014135,479135,841135,500134,967135,531135,596

Ratio3

1.131.191.071.161.121.171.181.131.191.231.241.151.221.201.161.151.141.151.151.241.231.211.261.271.241.111.071.211.191.211.201.181.141.131.241.171.111.091.111.111.111.091.101.121.131.141.151.161.151.151.171.171.141.131.221.191.161.171.191.17

Retail trade

Sales1

11,13511,14912,26813,04613,52914,09114,09515,32115,81116,66716,69617,95118,29418,24919,63020,55621,82323,67725,33024,41327,03028,89330,70033,85337,42242,46245,08249,01254,78160,43467,23174,92679,96386,77789,33997,858108,085106,136105,726104,525107,443107,941109,085107,563107,396108,373108,974110,255110,519110,972112,096111,854115,351114,884113,730114,417116,977119,538114,860115,620

Invento-ries2

16,00715,47019,46021,05021,03121,48820,92622,76923,40224,45124,11325,30526,81326,22127,94129,38631,09434,40538,07335,29938,94542,51743,86750,06355,07963,23771,06771,74479,27389,444102,610110,906116,054126,656126.014139,123155,517141.902144,908146,606149,627149,493148,469148,817149,508150,334152,130153,070155,517157,770159,163158,732160,184158,867158,508159,239157,994159,921164,198166,011

Ratio3

1.391.411.381.641.521.531.511.431.471.441.431.401.451.431.381.391.401.391.441.431.381.411.411.411.401.401.481.441.381.391.431.441.421.401.401.341.371.341.371.401.391.381.361.381.391.391.401.391.411.421.421.421.391.381.391.391.351.341.431.44

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 andretail trade.

The inventory figures in this table do not agree with the estimates of change in business inventories included in the gross nationalproduct 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-53.—Manufacturers' shipments and inventories, 1947-85

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

194719481949195019511952195319541955....1956 . ...19571958195919601961196219631964196519661967196819691970197119721973197419751976. ...1977197819791980198119821S8319841984: Jan ......

FebMarAprMay.. ..June...July....Aug.. ..Sept...OctNov....Dec .. ..

1985-. JanFebMar....

May"! "June. ..JulyAugSept....OctNov

Shipments 1

Total

15,51317,31616,12618,63421,71422,52924,84323,35526,48027,74028,73627,24730,28630,87930,92333,35735,05837,33140,99544,87046,48750,22853,50152,80555,90663,02772,93184,79086,58998,797113,202126,905143,936154,391168,129159,027170,441189,578184,558185,616187,940187,669188,397189,255189,896191,155189,330191,275193,043196,181191,724192,261194,303193,509194,638193,871193,793196,593194,229197,229200,131

Dura-ble

goodsindus-tries

6,6947,5797,1918,84510,49311,31313,34911,82814,07114,71515,23713,56315,60915,88315,61617,26218,28019,63722,22124,64925,26727,65929,43728,18829,95434,02739,68144,23043,65950,70059,26767,84876,06077,55083,87276,69384,95198,50295,16896,35296,31395,46096,89597,73297,841100,25498,214100,807102,394103,939101,966101,724102,116102,068102,718102,657102,478105,311103,656106,479107,007

Non-durablegoodsindus-tries

8,8199,7388,9359,78911,22111,21611,49411,52712,40913,02513,49913,68414,67714,99615,30716,09516,77817,69418,77420,22021,22022,57024,06424,61725,95229,00033,25040,56042,93148,09753,93559,05767,87676,84184,25782,33485,49191,07689,39089,26491,62792,20991,50291,52392,05590,90191,11690,46890,64992,24289,75890,53792,18791,44191,92091,21491,31591,28290,57390,75093,124

Inventories2

Total

25,89728,54326,32131,07839,30641,13643,94841,61245,06950,64251,87150,24152,94553,78054,88558,18660,04663,40968,18577,95284,66690,61898,203101,653102,656108,237124,626157,792159,934175,193189,214210,509241,100264,281282,645264,909260,682285,709261,494264,315268,234270,640274,268277,207279,774282,774284,531285,597285,668285,709285,785286,146286,171286,049284,900285,678285,036284,688284,030282,444281,993

Durable goods industries

Total

13,06114,66213,06015,53920,99123,73125,87823,71026,40530,44731,72830,25832,07732,37132,54434,63235,86638,50642,25749,92055,00558,87564,73966,78066,28970,25081,398101,739102,874112,581121,601137,891160,533174,620186,347175,103171,629191,109171,910173,595176,475178,381180,543182,474184,588187,035188,619190,088190,669191,109192,153192,030192,355192,475191,546192,239192,163192,037191,930190,508190,284

Mate-rialsand

supplies

8,9667,8949,19410,41710,60810,03210,77610,35310,27910,81011,06811,97013,32515,48916,45517,37618,69319,18219,75920,86026,02835,15133,92037,54840,25145,25252,68755,12157,92752,45451,60456,46951,88152,24853,01453,21553,95054,47055,49156,15556,59256,61956,10156,46956,03355,76855,44555,63854,69354,71454,25754,21753,84453,64452,999

Workin

proc-ess

10,7209,72110,75612,31712,83712,38713,06312,77213,20314,15914,87116,19118,07521,93925,00527,33630,40829,84828,65030,78835,54542,60343,36946,34550,62058,63469,25476,99781,10577,81377,46388,10577,31778,45680,34981,53682,73083,81784,79786,17086,88687,68588,29088,10588,67288,96789,68489,53789,65490,30691,38391,47392,18191,07291,020

Finishedgoods

6,2066,0406,3487,5658,1257,8398,2399,2459,0639,6629,92510,34410,85412,49113,54714,16315,63917,75117,88018,60119,82323,98525,58628,69030,73034,00538,59242,50247,31544,83642,56246,53542,71242,89143,11243,63043,86344,18744,30044,71045,14145,78446,27846,53547,44847,29547,22647,30047,19947,21946,52346,34745,90545,79246,265

Nondurable goods industries

Total

1283613,88113,2611553918,31517,40518,07017,90218,66420,19520,14319,98320,86821,40922,34123,55424,18024,90325,92828,03229,65931,74333,46334,87136,36837,98843,23056,05357,06062,61267,61372,61880,56789,66196,29889,80689,05394,60089,58490,72091,75992,25993,72594,73395,18695,73995,91295,50994,99994,60093,63294,11693,81693,57493,35493,43992,87392,65192,10091,93691,709

Mate-rialsand

supplies

8,3178,1678,5568,9718,7758,6629,0809,0829,4939,8139,97810,13110,44811,15511,71512,28912,72413,15013,68314,67618,13223,69923,54225,83327,39829,31732,45136,20637,75835,16536,17036,63536,43536,89036,89536,86837,44737,38737,59537,51337,53437,38737,19736,63536,73136,91436,40036,39936,10736,44835,91735,97435,43335,53935,051

Workin

proc-ess

2,4722,4402,5712,7212,8642,8282,9442,9463,1103,2963,4063,5113,8064,2044,4214,8485,1225,2745,6655,9826,7078,1758,8379,93311,00311,90713,74115,73216,07414,30814,48014,81114,70014,81614,83514,87715,02715,15214,94315,13514,96815,01414,81014,81114,65614,64214,52414,35114,31814,33614,21614,16114,31014,60714,680

Finishedgoods

7,4097,4157,6668,6228,6248,4918,8459,3809,73810,44410,79611,26111,67412,67313,52314,60615,61716,44817,01917,33018,39124,17924,68126,84629,21231,39434,37537,72342,46640,33338,40343,15438,44939,01440,02940,51441,25142,19442,64843,09143,41043,10842,99243,15442,24542,56042,89242,82442,92942,65542,74042,51642,35741,79041,978

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.


TABLE B-54.—Manufacturers' new and unfilled orders, 1947-85

[Amounts in mill ions of dollars; monthly data seasonally adjusted]

Year or month

13471948 .194919501951195219531954 .1955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841984: Jan


1985- JanFebMarAprMayJuneJulyAugSeptOctNov

New orders J

Total

15,25617,69315,61420,11023,90723,20423,58622,33527,46528,36827,55927,00230,72430,23531,10433,43635,52438,35742,10046,40247,05650,68753,95052,03855,98364,16776,05687,24485,22099,532115,032131,546147,403156,161167,752157,255173,259191,634189,061191,409195,792189,360192,384189,911194,061192,384189,217186,799194,982193,671195,210193,057191,532191,081195,019198,261195,793198,782197,332195,381196,865

Durable goodsindustries

Total

6,3888,1266,63310,16512,84112,06112,14710,76814,99615,36514,11113,29016,00315,30315,75917,37418,70920,65223,27826,17725,82528,11629,87127,38829,99835,06442,72646,83542,09951,40361,08272,33979,45179,35083,55374,99687,631100,61199,548101,794104,45497,307100,95098,340101,979101,86098,21096,506104,434101,307105,447102,46799,54499,839102,971106,780104,370107,661106,641104,495103,796

Capitalgoodsindus-tries,non-

defense

6,9037,6606,7387,4448,62210,97112,67311,01112,79115,29119,45823,23123,25924,05020,68122,76427,01725,71827,02026,76026,33228,56227,72128,14026,73627,39425,25926,83626,89323,63329,49327,20625,46125,59427,98426,68527,55429,24027,09225,788

Non-durablegoods

industries

8,8689,5668,9819,94511,06611,14311,43911,56612,46913,00313,44813,71214,72014,93215,34516,06116,81517,70518,82320,22521,23122,57124,07924,65025,98629,10433,33040,40943,12248,12953,95059,20767,95376,80184,19982,26085,62791,02489,51389,61591,33892,05391,43491,57192,08290,52491,00790,29390,54892,36489,76390,59091,98891,24292,04891,48191,42391,12190,69190,88693,069

Unfilled orders2

Total

34,47330,73624,04541,45667,26675,85761,17848,26660,00467,37553,18347,37052,73245,08047,40748,57754,32766,88280,07198,401104,547109,926115,422106,158107,147121,061158,884188,467172,037180,562203,475259,770302,145323,393319,094296,918330,924355,640335,427341,220349,072350,763354,750355,406359,571360,800360,687356,211358,150355,640359,125359,926357,151354,731355,112359,502361,502363,691366,794364,946361,680

Durablegoods

industries

28,57926,61919,62235,43563,39472,68058,63745,25056,24163,88050,35244,55949,37342,51444,37545,96551,27063,69176,29894,575100,576105,950111,250101,566102,119114,725151,504182,925164,139172,273195,008249,483290,921312,648309,066287,796320,123345,443324,503329,945338,086339,933343,988344,596348,734350,340350,336346,035348,075345,443348,924349,671347,096344,874345,127349,250351,142353,492356,477354,493351,282

Non-durablegoods

industries

5,8944,1174,4236,0213,8723,1772,5413,0163,7633,4952,8312,8113,3592,5663,0322,6123,0573,1913,7733,8263,9713,9764,1724,5925,0276,3367,3805,5427,8988,2888,46710,28711,22410,74510,0289,12210,80110,19710,92411,27510,98610,83010,76210,81010,83710,46010,35110,17610,07510,19710,20110,25510,0559,8579,98510,25210,36010,19910,31710,45310,398

Unfilled orders— shipmentsratio3

Total

3.423.633.873.353.093.012.782.632.692.803.103.333.813.703.853.753.653.383.313.864.133.763.303.273.593.883.813.773.763.383.363.483.513.573.593.573.533.583.553.553.463.453.363.473.473.403.403.383.393.413.413.473.373.32

Durablegoods

industries

4.124.274.554.003.693.543.373.133.243.373.723.954.554.404.654.504.394.063.904.564.964.523.943.894.224.614.554.574.654.104.064.244.274.354.394.374.314.364.324.324.204.184.064.234.214.144.124.124.114.144.114.224.064.00

Non-durablegoodsindus-tries

0.961.121.04.85.86.94.72.79.68.73.72.80.76.73.69.69.77.77.88.93.64.84.76.70.78.76.67.59.53.55.49.55.57.55.54.53.52.52.51.50.49.49.49.49.50.48.48.47.49.49.49.48.50.49

1 Monthly average for year and total for month.2 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.



PRICES

TABLE B-55.—Consumer price indexes, major expenditure classes, 1946-85

[1967 = 100]

Year ormonth

1946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985

1984: JanFebMar

May"!"June




Allitems

58.566.972.171.4

72.177879.580180580.281.484386.687.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4311.1322.2

305.2306.6307.3308.8309.7310.7

311.7313.0314.5315.3315.3315.5

316.1317.4318.8320.1321.3322.3

322.8323.5324.5325.5326.6327.4

Food andbeverages

Total *

100.0103.6108.8

114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5

248.0267.3278.2284.4295.1302.0

291.6294.2294.3294.5293.6294.3

295.3296.9296.4296.6296.3297.2

299.3301.4301.6301.6301.0301.4

301.6301.8302.1302.5303.6305.6

Food

58.170.676.673.5

74.582884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

254.6274.6285.7291.7302.9309.8

299.4302.1302.2302.3301.4302.0

303.2304.8304.2304.4304.1305.1

307.3309.5309.7309.6308.9309.3

309.5309.7309.9309.8311.0313.2

Housing

Total 2

60.665.269.870.9

72.877278.780.881.782.383.686.287.788.6

90.290.991.792.793.894.997.2

100.0104.0110.4

118.2123.4128.1133.7148.8164.5174.6186.5202.8227.6

263.3293.5314.7323.1336.5349.9

329.2331.0331.5333.2334.6336.2

338.1339.5341.4341.2340.9341.2

342.0343.6344.7345.9348.5350.4

351.6352.9353.8354.4355.0355.8

Shelter

76"5"78.279.180.483.485.186.0

87.888.589.690.792.293.896.8

100.0104.8113.3

123.6128.8134.5140.7154.4169.7179.0191.1210.4239.7

281.7314.7337.0344.8361.7382.0

353.2354.0355.5357.8358.9360.2

362.7364.6366.5367.8368.9370.1

371.2373.3374.3375.9379.5381.0

383.2385.9386.9389.1391.3392.3

Fuel andother

utilities3

83"o'83.585.187.389.991.793.8

95.997.197.398.298.498.398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3

278.6319.2350.8370.3387.3393.6

376.0383.0380.1380.9385.5390.0

393.9395.5397.0392.4387.5386.0

387.2386.5388.2388.7393.0399.4

399.9398.9400.5395.6392.1393.3

House-hold

furnish-ingsand

oper-ation2

9L3"90.989.989.991.992.393.1

93.893.793.894.695.095.397.0

100.0103.8107.7

111.5115.7118.3121.6135.3151.0160.1167.5177.7190.3

205.4221.3233.2238.5242.5247.2

240.4240.4241.2242.3242.4242,3

241.9242.2244.1244.3244.2244.2

244.2246.2246.9247.9247.6247.1

246.5247.0247.1248.4248.9248.8

Appareland

upkeep

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

178.4186.9191.8196.5200.2206.0

196.4196.2198.8199.2198.9197.4

196.6200.1204.2205.7205.2203.2

199.8201.8205.3205.9205.3204.6

202.8205.3209.6211.1211.2209.0

Trans-portation

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

249.7280.0291.5298.4311.7319.9

306.0305.8306.9309.6312.2313.1

312.9312.9313.7315.5316.1315.8

314.7314.3316.7320.0321.4321.8

321.8320.7319.7320.9323.2324.0

Medicalcare

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

265.9294.5328.7357.3379.5403.1

369.5373.2374.5375.7376.8378.0

380.3381.9383.1385.5387.5388.5

391.1393.8396.5398.0399.5401.7

404.0406.6408.3410.5413.0414.7

Enter-tainment

100.0105.7111.0

116.7122.9126.5130.0139.8152.2159.8167.7176.6188.5

205.3221.4235.8246.0255.1265.0

249.9251.5251.7253.8253.5254.5

255.3256.4257.3258.3259.0260.1

261.0261.3262.2263.3263.6264.8

265.7265.7266.8268.4269.0268.3

Othergoods

andservices

100.0105.2110.4

116.8122.4127.5132.5142.0153.9162.7172.2183.3196.7

214.5235.7259.9288.3307.7326.6

300.5301.5302.1302.8303.2304.4

306.5307.2314.6315.8316.5316.7

319.1320.5321.1321.8322.3323.0

325.0326.0333.3334.9335.3336.5

Ener-gy 3

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

361.1410.0416.1419.3423.6426.5

416.7420.2418.1421.3426.1428.5

428.3427.3429.0426.7421.8418.9

414.5411.4416.6424.4431.7436.8

437.1433.8432.6427.1425.1426.5

1 Includes alcoholic beverages, not shown separately.2 Series beginning 1967 not comparable with series for earlier years.3 See Tables B-56 and B-57.

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.

Source: Department of Labor, Bureau of Labor Statistics.315


TABLE B-56.—Consumer price indexes, selected expenditure classes, 1946-85

[1967 = 100]

Year or month

1946194719481949

1950195119521953195419551956195719581959

19601961196219631964.19651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985




Ju lyAugSeptOctNovDec

Food and beverages

Total '

100.0103.6108.8

114.7118.3123.2139.5158.7172.1177.4188.0206.3228.5

248.0267.3278.2284.4295.1302.0

291.6294.2294.3294.5293.6294.3

295.3296.9296.4296.6296.3297.2

299.3301.4301.6301.6301.0301.4

301.6301.8302.1302.5303.6305.6

Food

Total

58170.676.673.5

74582.884.383.082.881.682.284.988.587.1

88.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.4180.8192.2211.4234.5

254.6274.6285.7291.7302.9309.8

299.4302.1302.2302.3301.4302.0

303.2304.8304.2304.4304.1305.1

307.3309.5309.7309.6308.9309.3

309.5309.7309.9309.8311.0313.2

Athome

73.579.876.7

77686.387.886.285.884.184.487.291.088.8

89.690.491.092.293.295.5

100.3100.0103.2108.2

113.7116.4121.6141.4162.4175.8179.5190.2210.2232.9

251.5269.9279.2282.2292.6296.8

290.2293.6293.1292.8290.7291.4

292.5294.4293.4293.4292.4293.2

296.1298.6298.4297.7296.2296.0

296.2295.9295.6295.3296.6299.3

Awayfromhome

68.970.170.872.274.977.279.3

81.483.285.487.388.990.995.1

100.0105.2111.6

119.9126.1131.1141.4159.4174.3186.1200.3218.4242.9

267.0291.0306.5319.9333.4346.6

327.2328.5329.8330.9332.6333.1

334.4335.5335.8336.6337.7339.2

339.9341.4342.6343.9345.1346.9

347.3348.4349.9350.3351.3352.1

Shelter

Total

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

281.7314.7337.0344.8361.7382.0

353.2354.0355.5357.8358.9360.2

362.7364.6366.5367.8368.9370.1

371.2373.3374.3375.9379.5381.0

383.2385.9386.9389.1391.3392.3

Renters' costs

Total

"ioio108.6115.4

105.7106.0106.5107.4107.8108.2

108.9109.6110.2110.7110.9111.3

111.8112.4112.9113.5114.5115.1

115.8116.6117.0117.9118.4118.3

Rent,resi-

dential

59261.165.168.0

70.473.276280.383.284.385.987589.190.4

91792.994.095.095.996.998.2

100.0102.4105.7

110.1115.2119.2124.3130.6137.3144.71535164.0176.0

191.6208.2224.0236.9249.3264.6

242.9243.6244.8246.4247.2248.4

249.7251.1252.4253.8254.8256.1

257.1258.4259.2260.4262.6263.6

265.0266.6267.7269.9271.7272.4

Home-owners'costs

""102:5107.3113.1

104.9105.1105.6106.2106.5106.8

107.6108.1108.7109.1109.4109.8

110.0110.7110.8111.3112.4112.8

113.5114.3114.6115.1115.8116.3

Mainte-nanceand

repairs

71.272474.177.280581.883.2

84685.986.587.789.591.395.2

100.0106.1115.0

124.0133.7140.7151.0171.6187.6199.6214.7233.0256.4

285.7314.4334.1

.346.3359.2368.9

356.7353.5355.3356.3357.3358.9

360.3360.1362.7361.6362.9364.4

366.0366.8370.0368.0366.2367.6

367.8370.6368.7368.5372.7373.7

Fuel and other utilities

Total

83.083585.187.389991.793.8

95997.197.398.298.498.398.8

100.0101.3103.6

107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3

278.6319.2350.8370.3387.3293.6

376.0383.0380.1380.9385.5390.0

393.9395.5397.0392.4387.5386.0

387.2386.5388.2388.7393.0399.4

399.9398.9400.5395.6392.1393.3

Household fuels

Total

"iob"o'101.4103.4

107.9115.3120.1128.4160.7183.8202.3228.6247.4286.4

349.4407.0446.2469.248*.548'd.l

470.447,9.6476.2476.0483.5490.7

496.5498.6500.1492.1482.6480.2

481.2480.8482.2483.0490.0497.7

497.3494.4496.8488.4481.5483.6

Fuel oil,coal,and

bottledgas

51358.468.670.3

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

556.0675.9667.9628.0641.8619.5

642.8688.6660.0650.7649.2646.0

637.4625.5622.1626.8626.9625.9

621.6623.4620.8623.5620.8612.0

601.9594.6601.7615.3641.6657.3

Gas(piped)

andelec-

tricity

77477.179.181.0

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

301.8345.9393.8428.7445.2452.7

427.3429.0429.5432.3441.4450.6

459.1463.9466.4456.0444.7442.2

444.1443.3445.5445.9454.7465.6

467.1465.1466.5453.9440.5439.9

Otherutilities

andpublic

services

100.0101.2104.0

107.4114.7120.6124.1130.3137.1145.4152.0158.3159.5

165.2181.0200.2213.7230.2240.7

224.6228.0227.4228.2228.8229.4

230.6231.3232.7232.9234.4234.1

235.3234.3236.3236.4236.8241.1

242.8244.2244.6244.7245.9245.8



TABLE B-56.—Consumer price indexes, selected expenditure classes, 1946-85—Continued

[1967-100]

Year or month

1946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 . .198319841985

1984: JanFebMarAprMay .JuneJulyAugSeptOctNov. ..Dec


July.. . .AugSept..OctNovDec7'

Transportation

Total

50.355.561.866.468.272.577.379.578.377.478.883.386.089.689.690.692.593.094.395.997.2

100.0103.2107.2112.7118.6119.9123.8137.7150.6165.5177.2185.5212.0249.7280.0291.52^8.4311.7319.9

306.03L5.8306.9309.6312.2313.1312.9312.9313.7315.5316.1315.8

314.7314.3316.7320.0321.4321.8

321.8320.7319.7320.9323.2324.0

Private transportation

Total 2

54.361.568.272.372.575.880.882.480.378.980.184.787.491.190.691.393.093.494.796.397.5

100.0103.0106.5111.1116.6117.5121.5136.6149.8164.6176.6185.0212.3249.2277.5287.5293.9306.6314.2

300.9300.8301.9304.8307.4308.1307.5307.5308.4310.2310.8310.4

309.1308.7311.0314.6316.0316.3

316.1314.9313.6314.7317.0317.8

Newcars

69.275.682.883.487.494.995.894.390.993.598.4

101.5105.9104.5104.5104.1103.5103.2100.999.1

100.0102.8104.4107.6112.0111.0111.1117.5127.6135.7142.9153.8166.0179.3190.2197.6202.6208.5215.2

207.2207.2207.2207.4207.6207.7208.1208.1208.2209.6211.4212.0

213.1213.9214.1214.1214.5214.7

214.7214.6214.5216.2218.4219.4

Usedcars

89.2"75.971.869.177.480.289.583.686.994.896.0

100.199.497.0

100.0( 4 )

103.11Q4.3110.2110.5117.6122.6146.4167.9182.8186.5201.0208.1256.9296.4329.7375.7379.7

357.3357.2362.2370.0378.0382.0383.2383.8384.2384.6383.6382.7

382.8384.6386.1386.4384.2380.3

376.7374.0374.3375.3376.4375.6

Motorfue l 3

54.962.270.472.371.873.975.880.382.583.686.590.088.889.992.591.491.991.891.494.997.0

100.0101.4104.7105.6106.3107.6118.1159.9170.8177.9188.2196.3265.6369.1410.9389.4376.4370.7373.8

370.6369.4369.1374.3376.9375.2370.2366.6368.5370.9369.8366.4

357.6352.4360.6374.2381.6384.7

385.5381.9377.7374.6376.7377.5

Auto-mobilemainte-nance

andrepair

52.056.459.661.162.367.068.672.374.876.579.582.483.785.587.289.390.491.692.894.596.2

100.0105.5112.2120.6129.2135.1142.2156.8176.6189.7203.7220.6242.6268.3293.6315.8330.0341.5351.4

336.1337.4338.3338.9340.2340.7341.6342.7344.2345.3345.8346.2

346.9348.2348.5348.2349.6350.4

351.1351.9353.5355.7355.8357.5

Other

100.0103.4109.7119.2128.4129.1127.8132.4141.2163.1177.3184.6198.6222.6241.3257.8260.8273.3287.6

267.6267.7268.3269.0270.4271.5272.4274.9275.9278.7280.7282.3

283.9284.4284.5285.8285.6286.6

287.6287.7285.8289.6293.9295.2

Publictranspor-

tation

34.436.040.745.248.954.057.561.365.567.470.072.776.178.381.084.687.488.590.191.995.2

100.0104.6112.7128.5137.7143.4144.8148.0158.6174.2182.4187.8200.3251.6312.0346.0362.6385.2402.8

378.2377.4377.4378.0380.7385.2389.3390.8389.5391.1391.8392.8

394.5394.4397.3398.0398.4399.3

402.4403.7408.0411.5412.8412.9

Medical care

Total

44.448.151.152.753.756.359.361.463.464.867.269.973.276.479.181.483.585.687.389.593.4

100.0106.1113.4120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7265.9294.5328.7357.3379.5403.1

369.5373.2374.5375.7376.8378.0380.3381.9383.1385.5387.5388.5

391.1393.8396.5398.0399.5401.7

404.0406.6408.3410.5413.0414.7

Medicalcarecom-

modities

76.281.886.187.488.591.091.892.693.794.796.799.3

102.8104.4104.5103.3101.7100.8100.5100.2100.5100.0100.2101.3103.6105.4105.6105.9109.6118.8126.0134.1143.5153.8168.1186.5205.7223.3239.7256.7

231.2232.9235.0236.9238.7239.4240.7241.6242.4244.1245.6247.3

248.2249.8251.9253.9255.2257.0

257.8259.3260.2261.3262.7262.9

Medi-cal

careserv-ices

40.143.546.448.149.251.755.057.058.760.462.865.568.772.074.977.780.282.684.687.392.0

100.0107.3116.0124.2133.3138.2144.3159.1179.1197.1216.7235.4258.3287.4318.2356.0387.0410.3435.1

400.2404.4405.3406.3407.1408.4410.9412.7413.9416.5418.5419.3

422.4425.3428.1429.4430.9433.0

435.8438.6440.5443.0445.8448.0

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 1981.4 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-55.



TABLE B-57.—Consumer price indexes, commodities, services, and special groups, 1940-85

[1967 = 100]

Year ormonth

19401941194219431944 . .19451946194719481949

1950 .195119521953195419551956195719581959

196019611962 .1963196419651966196719681969

197019711972 .1973197419751976197719781979

198019811982198319841985

1984: JanFebMar....

fcJune..

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

1985: Jan....Feb....Mar...

ft:June..

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

Allitems

42.044.148.851.852.753.958.566.972.171.4

72.177.879.580.180.580.281.484.386.687.3

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4311.1322.2

305.2306.6307.3308.8309.7310.7

311.7313.0314.5315.3315.3315.5

316.1317.4318.8320.1321.3322.3

322.8323.5324.5325.5326.6327.4

Commodities

Allcom-

modities

40.643.349.654.054.756.362.475.080.478.3

78.885.987.086.785.985.185.988.690.690.7

91.592.092.893.694.695.798.2

100.0103.7108.4

113.5117.4120.9129.9145.5158.4165.2174.7187.1208.4

233.9253.6263.8271.5280.7286.7

276.8278.3278.7280.1280.4280.6

280.6281.4282.3283.1283.0282.8

282.7284.0285.3286.8287.0286.9

286.5286.5287.1287.9289.2289.9

Food

35.238.445.150.349.650.758.170.676.673.5

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

254.6274.6285.7291.7302.9309.8

299.4302.1302.2302.3301.4302.0

303.2304.8304.2304.4304.1305.1

307.3309.5309.7309.6308.9309.3

309.5309.7309.9309.8311.0313.2

Commodities less food

All

48.050.456.058.461.664.168.176.882.781.5

81.487.588.388.587.586.987.890.591.592.7

93.193.494.194.895.696.297.5

100.0103.7108.1

112.5116.8119.4123.5136.6149.1156.6165.1174.7195.1

222.0241.2250.9259.0267.0272.5

263.0263.8264.4266.5267.4267.4

266.8267.1268.8269.8269.9269.2

267.8268.6270.6272.8273.4273.1

272.4272.3273.1274.4275.7275.7

Durable

48.151.458.460.365.970.974.180.386.287.4

88.495.196.495.793.391.591.594.495.997.3

96.796.697.697.998.898.498.5

100.0103.1107.0

111.8116.5118.9121.9130.6145.5154.3163.2173.9191.1

210.4227.1241.1253.0266.5270.7

261.4260.9262.2265.2267.0267.8

267.8267.8268.7269.3270.0269.8

270.2271.4271.9272.6271.6270.4

269.3268.6268.7270.2271.5271.4

Non-durable

44.746.751.653.856.658.662.972.277.876.3

76.282.082.483.183.583.585.387.688.289.3

90.791.291.892.793.594.897.0

100.0104.1108.8

113.1117.0119.8124.8140.9151.7158.3166.5174.3198.7

235.2257.5261.6266.3270.8277.2

267.4269.1269.3270.7271.1270.5

269.5270.0272.3273.6273.3272.2

269.7270.2273.2276.5278.0278.4

277.9278.1279.6280.7282.0282.0

Services

Allservices

43.644.245.646.447.548.249.151.154.356.9

58.761.864.567.369.570.972.775.678.580.8

83.585.286.888.590.292.295.8

100.0105.2112.5

121.6128.4133.3139.1152.1166.6180.4194.3210.9234.2

270.3305.7333.3344.9363.0381.5

353.9355.3356.5358.1359.9361.9

364.5366.5368.9369.7369.9370.6

372.1373.5375.0376.2378.9381.3

383.3384.9386.5387.7388.7389.5

Medi-cal

careserv-ices

32.532.733.735.436.937.940.143.546.448.1

49.251.755.057.058.760.462.865.568.772.0

74.977.780.282.684.687.392.0

100.0107.3116.0

124.2133.3138.2144.3159.1179.1197.1216.7235.4258.3

287.4318.2356.0387.0410.3435.1

400.2404.4405.3406.3407.1408.4

410.9412.7413.9416.5418.5419.3

422.4425.3428.1429.4430.9433.0

435.8438.6440.5443.0445.8448.0

Serv-icesless

medi-cal

care

77.680.482.5

85.286.788.189.691.293.296.4

100.0104.9112.0

121.3127.7132.6138.3151.0164.7177.7190.6206.9230.1

266.6302.2328.6338.1355.6373.3

346.6347.8349.0350.6352.5354.5

357.1359.2361.7362.3362.3363.0

364.3365.5366.9368.1370.9373.3

375.2376.7378.3379.3380.1380.8

Special indexes

Allitemslessfood

47.348752153.655756959.464969.670371 175777.579079.579781 183.885.787.3

88.889.790.892.093.294.596.7

100.0104.4110.1

116.7122.1125.8130.7143.7157.1167.5178.4191.2213.0

244.0270.6288.4298.3311.3323.3

304.8305.9306.8308.6310.0311.0

312.0313.2315.2316.1316.2316.2

316.3317.4319.1320.8322.4323.6

324.2325.0326.2327.4328.5328.9

Allitemsless

energy

83.986.387.0

88.389.390.491.692.994.397.3

100.0104.4110.3

117.0122.0126.1133.8146.9160.2169.2179.8193.8213.1

238.0261.7279.3289.3302.9314.8

297.0298.2299.2300.5301.1301.9

303.1304.6306.1307.1307.7308.2

309.2310.9312.0312.7313.3313.9

314.5315.6316.8318.4319.8320.5

Allitemslessfoodand

ener-gy

83.385.287.0

88.389.390.591.693.094.396.6

100.0104.6110.7

117.6123.1126.9131.3142.2155.3165.5175.8188.7207.0

232.8257.1276.1287.0301.2314.4

294.6295.5296.7298.3299.3300.2

301.3302.8304.9306.1306.9307.3

307.9309.5310.8311.8312.8313.4

314.1315.3316.9318.9320.4320.7

Ener-gy1

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

361.1410.0416.1419.3423.6426.5

416.7420.2418.1421.3426.1428.5

428.3427.3429.0426.7421.8418.9

414.5411.4416.6424.4431.7436.8

437.1433.8432.6427.1425.1426.5

1 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-55.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-58.—Changes in special consumer price indexes, 1958-85

[Percent change]

Year or month

1958

1959

19601961

1962

19631964

1965

19661967

1968

1969

19701971

1972

19731974

1975

19761977

1978

1979

1980

1981

1982 ..19831984 .

1985





All items

Dec.

toDec.1

1.81.5

1.5.7

1.21.61.2

1.93.43.04.76.1

5.53.43.48.8

12.2

7.04.86.89.0

13.3

12.4

8.93.93.84.0

3.8

Yearto

year

2.7.8

1.61.01.11.21.3

1.72.92.94.25.4

5.94.33.36.2

11.0

9.15.86.57.7

11.3

13.5

10.4

6.13.24.3

3.6

All items lessfood

Dec.to

Dec.1

1.62.3

1.01.11.21.61.0

1.63.33.54.95.7

6.53.13.05.6

12.2

7.16.26.38.5

14.0

12.9

9.94.04.14.0

4.0

Yearto

year

2.31.9

1.71.01.21.31.3

1.42.33.44.45.5

6.04.63.03.99.9

9.36.66.57.2

11.4

14.6

10.9

6.63.44.4

3.9

All items lessenergy

Dec.to

Dec.1

1.91.4

1.4.8

1.21.81.3

1.93.53.14.96.4

5.63.33.58.3

11.5

6.74.66.89.2

11.1

11.7

8.64.24.44.5

4.0

Yearto

year

2.9.8

1.51.11.21.31.4

1.53.22.84.45.7

6.14.33.46.19.8

9.15.66.37.8

10.0

11.7

10.06.73.64.7

3.9

All items lessfood andenergy

Dec.to

Dec.1

1.82.2

.81.51.11.81.2

1.53.33.95.16.1

6.63.13.04.7

11.3

6.76.16.48.5

11.3

12.1

9.64.54.94.7

4.4

Yearto

year

2.32.1

1.51.11.31.21.5

1.42.43.54.65.8

6.24.73.13.58.3

9.26.66.27.39.7

12.510.4

7.43.94.9

4.4

All items less food,energy, and shelter

Dec.

toDec.1

4.65.0

5.73.22.63.5

11.3

6.47.05.26.57.2

9.99.46.15.04.4

3.7

Yearto

year

4.64.8

5.14.92.43.07.6

8.97.06.05.76.9

8.89.57.75.25.0

3.8

Change from preceding month

Unad-justed

0.6.5.2.5.3.3

.3

.4

.5

.30.1

.2

.4

.4

.4

.4

.3

.2

.2

.3

.3

.3

.2

Sea-

sonallyad-

justed

0.6.4.3.4.2.2

.3

.4

.4

.3

.2

.3

.2

.3

.5

.4

.2

.2

.2

.2

.2

.3

.6

.4

Unad-justed

0.3.4.3.6.5.3

.3

.4

.6

.3

.00

0.3.5.5.5.4

.2

.2

.4

.4

.3

.1

Sea-

sonallyad-

justed

0.5.3.4.6.3.2

.4

.4

.4

.3

.2

.2

.3

.3

.6

.5

.3

.2

.2

.2

.2

.3

.5

.3

Unad-justed

0.7.4.3.4.2.3

.4

.5

.5

.3

.2

.2

.3

.5

.4

.2

.2

.2

.2

.3

.4

.5

.4

.2

Sea-

sonallyad-

justed

0.7.4.3.4.2.3

.4

.5

.3

.3

.2

.3

.4

.5

.3

.2

.3

.2

.3

.3

.2

.5

.5

.4

Unad-justed

0.3.3.4.5.3.3

.4

.5

.7

.4

.3

.1

.2

.5

.4

.3

.3

.2

.2

.4

.5

.6

.5

.1

Sea-

sonallyad-

justed

0.5.3.4.5.3.3

.4

.4

.4

.3

.2

.3

.4

.6

.4

.3

.3

.3

.3

.3

.2

.5

.4

.3

Unad-justed

0.3.3.5.5.3.3

.3

.5

.7

.4

.30

.2

.5

.5

.30.1

.1

.2

.6

.7

.4

.0

Sea-sonally

ad-justed

0.6.4.3.4.4.3

.3

.4

.4

.3

.2

.3

.5

.5

.4

.20

.2

.1

.2

.2

.5

.4

.2

1 Changes from December to December are based on unadjusted indexes.

Note.— Data beginning 1978 are for all urban consumers; earlier data are forSee also Note, Table B-55.


urban wage earners and clerical workers.


TABLE B-59.—Changes in consumer price indexes, commodities and services, 1929-85

[Percent change]

Year

1929

1933

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985

All items

Dec.to

Dec.1

0.2

.5

-.5

1.09.79.33.22.1

2.318.29.02.7

-1.8

5.85.9

.9

.6

.42.93.01.81.5

1.5.7

1.21.61.2

193.43.04.76.1

5.53.43.48.8

12.2

7.04.86.89.0

13.3

12.48.93.93.84.0

3.8

Yearto

year

0

-5.1

-1.4

1.05.0

10.76.11.7

2.38.5

14.47.8

-1.0

1.07.92.2

.8

.5

-.41.53.62.7

.8

1.61.01.11.21.3

172.92.94.25.4

5.94.33.36.2

11.0

9.15.86.57.7

11.3

13.510.46.13.24.3

3.6

Commodities

Total

Dec.to

Dec.1

-1.0

1.213.513.04.02.2

2.924.910.4

1.7-4.1

7.75.9

-.7-.6

-1.4

-.42.62.61.3

.6

1.101.01.4.8

162.52.53.85.5

4.02.93.4

10.412.7

6.33.36.18.9

13.0

11.16.03.62.92.6

2.5

Yearto

year

-2.0

1.06.7

14.58.91.3

2.910.820.2

7.2-2.6

.69.01.3

-.3-.9

-.9.9

3.12.3

.1

.9

.5

.9

.91.1

122.61.83.74.5

4.73.43.07.4

12.0

8.94.35.87.1

11.4

12.28.44.02.93.4

2.1

Food

Dec.to

Dec.1

2.3

7.0

-2.5

2.616.417.53.1

.2

3.031.511.2

-0.8-3.7

9.67.4

-1.1-1.3-1.6

-.93.12.82.2

-.8

3.1-.91.51.91.4

343.91.24.37.2

2.24.34.7

20.112.2

6.5.6

8.011.810.2

10.24.33.12.63.8

2.7

Yearto

year

1.3

-2.9

-2.8

1.79.1

17.411.5

-1.4

2.214.621.5

8.5-4.0

1.411.11.8

-1.5-.2

-1.4.7

3.34.2

-1.6

1.01.3.9

1.41.3

2 25.0

.93.65.1

5.53.04.3

14.514.4

8.53.16.3

10.010.9

8.67.94.02.13.8

2.3

Commoditiesless food

Dec.to

Dec.1

0.2

.410.86.45.45.0

3.012.99.15.3

-4.8

5.74.6-.5

.2-1.4

02.52.2

.81.5

-.3.6.7

1.2.4

71.93.13.74.5

4.82.32.55.0

13.2

6.25.14.97.7

14.3

11.56.73.83.12.0

2.4

Yearto

year

-1.6

.65.0

11.14.35.5

4.16.2

12.87.7

-1.5

-.17.5

.9

.2-1.1

-.71.03.11.11.3

.4

.3

.7

.7

.86

1.42.63.74.2

4.13.82.23.4

10.6

9.25.05.45.8

11.7

13.88.64.03.23.1

2.1

Services

Total

Dec.to

Dec.1

0.2

.72.52.02.61.7

1.03.55.26.13.6

3.65.24.64.21.9

2.33.14.52.73.7

2.71.91.72.31.8

264.94.06.17.4

8.24.13.66.2

11.3

8.17.37.99.3

13.7

14.213.04.34.85.4

5.1

Yearto

year

0.2

.21.43.21.82.4

1.51.94.16.34.8

3.25.34.44.33.3

2.02.54.03.82.9

3.32.01.92.01.9

2 23.94.45.26.9

8.15.63.84.49.3

9.58.37.78.5

11.0

15.413.19.03.55.2

5.1

Medical careservices

Dec.to

Dec.1

0.3

01.53.95.82.8

2.98.96.57.02.1

3.35.85.53.62.6

3.24.14.54.94.6

3.83.53.02.62.6

3.58.17.97.47.0

8.35.33.85.8

13.3

10.310.79.09.2

10.6

10.012.711.26.15.8

6.8

Yearto

year

0.3

0.6

3.15.04.2

2.75.88.56.73.7

2.35.16.43.63.0

2.94.04.34.94.8

4.03.73.23.02.4

3.25.48.77.38.1

7.17.33.74.4

10.3

12.610.19.98.69.7

11.310.711.98.76.0

6.0

Energy2

Dec.to

Dec.1

-0.74.3

1.5-1.1

2.1-.8_ 2

2.01.81.41.73.1

4.53.12.8

16.821.6

11.66.97.28.0

37.4

18.111.91.3

'.2

1.8

Yearto

year

6.21.7

2.6.2.3.3

-.4

1.81.62.21.52.7

2.73.92.88.0

29.3

10.67.29.56.3

25.2

30.913.51.5.8

1.0

.7

1 Changes from December to December are based on unadjusted indexes.2 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-55.Source-. Department of Labor, Bureau of Labor Statistics.


TABLE B-60.—Producer price indexes by stage of processing, 1947-85

[1967 = 100]

Year or month

194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

1965196619671968 ...1969

19701971197219731974

19751976197719781979

1980198119821983 ....1984

19851

1984- Jan .FebMarAprMayJune



JulyAug lSeptOctNovDec

Finished goods

Totalfinishedgoods

74.079.977.6

79.086.586.085.185.3

85.587.991.193.293.0

93.793.794.093.794.1

95.798.8100.0102.8106.6

110.3113.7117.2127.9147.5

163.4170.6181.7195.9217.7

247.0269.8280.7285.2291.1

293.8

289.5290.6291.4291.2291.1290.9

292.3291.3289.5291.5292.3292.0

292.1292.6292.1293.1294.1294.0

294.8293.5290.2294.8296.7297.2

Consumer foods

Total

82.890.483.1

84.795.294.389.488.7

86.586.389.394.590.1

92.191.792.591.491.9

95.4101.6100.0103.6110.0

113.5115.3121.7146.4166.9

181.0180.4189.9207.2226.2

239.5253.6259.3261.8273.3

271.2

272.2274.7276.6274.3271.7270.8

275.3274.0273.0271.1272.0273.6

273.7275.6273.7272.2269.5268.7

271.2268.7266.5268.7272.0274.4

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

181.2193.9201.0216.8233.1

237.2263.8252.7258.7281.6

261.9

306.9313.6323.7299.0270.7258.9

270.8274.6270.3269.5257.6263.0

255.4279.4275.5279.9254.2237.0

261.5251.2249.1247.3265.3287.3

Proc-essed

80.287.680.1

83.493.291.386.787.6

84.484.387.993.189.5

90.790.991.790.790.8

94.9101.0100.0103.0108.9

113.1115.1121.7143.9164.6

181.3177.8187.3204.6223.8

237.8250.6257.7260.0270.3

269.9

266.9269.0270.2269.9269.6269.7

273.4271.7271.1269.1271.0272.3

273.1273.1271.3269.3268.7269.3

269.9268.1265.9268.4270.3271.0

Finished goods excluding consumer foods

Total

100.0102.6105.4

109.1113.1115.4120.1139.3

156.2166.1177.7190.7213.3

247.8273.3285.8290.8294.8

299.1

292.9293.6294.0294.6295.3295.4

295.7294.8292.7296.1296.9295.8

296.0295.9296.0297.8300.1300.2

300.5299.5296.0301.4302.7302.5

Consumer goods

Total

79.084.082.2

83.589.588.389.189.4

90.192.394.694.795.9

96.396.296.096.095.9

96.698.1100.0102.1104.6

107.7111.4113.5118.6138.6

153.1162.6174.3186.7211.5

250.8276.5287.8291.4294.1

297.4

292.5293.1293.6293.5294.9294.9

295.0293.8291.7295.0295.9294.8

294.3293.5293.6295.9299.0299.0

299.2297.8294.7299.4301.1301.1

Durable

74.679.781.8

82.788.288.989.690.3

91.294.397.198.499.6

99.298.898.397.898.2

97.998.5100.0102.2104.0

106.9110.8113.3115.4125.9

138.2144.5152.8166,9183.2

206.2218.6226.7233.1236.8

241.5

235.9236.1236.6236.7236.6236.4

236.6236.7233.0238.3239.0239.2

240.2240.9240.4240.7241.4241.9

241.9241.8234.4244.9245.0244.4

Non-durable

80.785.882.3

83.690.087.888.688.9

89.491.193.292.694.0

94.794.794.895.194.8

95.997.8100.0102.2105.0

108.3111.7113.6120.5146.8

163.0174.8189.3200.0231.3

283.9319.6333.6335.3337.3

339.4

335.0336.1336.7336.4338.9339.2

339.2336.9336.2337.8338.9336.7

334.9332.7333.4337.4342.4342.1

342.4340.0340.3340.2343.3343.7

Capitalequipment

55.460.463.4

64.971.272.473.674.5

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

239.8264.3279.4287.2294.0

300.5

291.6292.3292.3294.5293.9293.9

294.6294.6292.5295.9296.5295.6

297.4299.2299.3299.9300.3300.5

300.8301.0296.4303.7303.8303.5

Totalfinishedconsumergoods

80.586.582.5

83.991.890.789.289.1

88.589.892.494.493.6

94.594.394.694.194.3

96.199.4100.0102.7106.6

109.9112.9116.6129.2149.3

163.6169.7180.7194.9217.9

248.9271.3281.0284.6290.3

291.9

288.9290.1291.1290.3290.3290.1

291.6290.4288.7290.3291.2290.9

290.6290.7290.1291.2292.4292.2

293.1291.4288.5292.4294.7295.4


321


TABLE B-60.—Producer price indexes by stage of processing, 1947-85—Continued

[1967 = 100]

Year or month

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985 l




JulyAug 1

SeptOctNovDec

Intermediate materials, supplies, and components

Total

72.478.3752

78.688.185586.086.5

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

318.7

316.3317.6319.7320.3320.9321.6

321.7321.1320.3320.1320.4319.9

319.5318.7318.6319.3319.9319.3

318.6317.9317.9317.8318.1318.8

Foodsand

feeds3

••"""•"••

100.099.4

102.7

109.1111.7118.5168.4200.2

195.3185.3190.5203.1226.1

252.6250.3239.4247.9253.1

232.7

260.7255.1257.5259.1260.8257.8

255.3251.4248.1244.0244.3243.0

240.7239.2236.7235.4232.6232.2

231.7227.1225.5228.5231.0231.7

Other

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

325.0

320.6322.3324.4325.0325.4326.4

326.7326.3325.7325.8326.1325.6

325.4324.5324.7325.5326.4325.7

325.0324.5324.6324.3324.5325.2

Materials andcomponents

Formanufac-

turing

72.177.874.5

78.188.584.886.286.3

88.492.694.895.296.5

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

299.4

298.9299.8301.8302.9303.3303.4

303.2302.5301.9301.4301.7301.1

300.6300.5300.0300.6300.5300.3

299.8299.1298.3298.0297.6297.6

Forcon-

struction

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

315.2

305.5307.8309.6310.5309.8310.3

310.9312.0311.7311.8311.8312.4

313.4313.3313.5314.0315.9317.3

316.9316.5315.5315.4315.1315.4

Proc-essedfuelsand

lubri-cants

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

503.0595.4591.7564.8566.2

549.4

556.4561.3567.8562.9567.2575.2

576.6569.2565.3564.1566.6561.3

556.3546.3547.9552.3558.0549.1

544.0539.8546.3544.9550.7557.3

Con-tainers

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

254.5276.1285.6286.6302.3

311.2

292.3294.8297.3299.4300.9301.8

303.0304.1305.2308.8310.1310.4

311.1311.8313.1312.4311.7312.0

311.4310.3309.9310.4309.8310.7

Supplies

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

168.1179.0188.7198.5218.2

244.5263.8272.1277.1283.4

284.2

282.6282.2283.0284.2284.3283.9

283.2284.1283.6283.2282.9283.1

283.9283.8283.8283.7283.4283.3

283.6284.1284.3285.0285.8285.9

Crude materials for further processing

Total

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

304.6329.0319.5323.6330.8

306.2

333.5332.6338.8339.4338.0333.0

334.1328.9326.2319.6323.2322.4

318.9318.1312.3311.0309.1305.6

303.9295.3292.4298.0305.6304.7

Food-stuffsand

feed-stuffs

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

259.2257.4247.8252.2259.5

235.0

264.0260.5269.9269.7266.4260.3

263.6256.5252.7244.9252.8253.0

250.7250.0242.9239.9236.3233.7

231.6221.0215.9224.5236.7236.8

Other

Total

100.t)102.2106.8

112.7117.0128.0162.5208.9

206.9228.5245.0272.3330.0

401.0482.3473.9477.4484.5

459.7

483.4488.1487.5490.1492.3489.6

486.4485.0484.6480.3475.2472.0

466.0465.1462.0464.2466.0460.5

459.6454.7456.4455.8454.2451.3

Fuel

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

615.0751.2886.1931.5931.3

912.3

926.1926.6910.6920.8928.4932.6

940.2953.1937.6935.9934.0929.8

916.6930.5910.8915.0938.8924.8

921.6904.0908.1899.6894.9883.0

Other

90.6100.791.6

104.7120.7104.6100.198.2

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

346.1413.7376.8372.2380.5

355.4

380.1385.5387.8388.8389.9386.1

380.9376.8379.3374.7369.2366.4

361.9358.2358.4360.2357.7354.0

353.5351.2352.5353.3352.3351.1

1 Data have been revised through August 1985 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.


322


TABLE B-61.—Producer price indexes by stage of processing, special groups, 1974-85

[1967 = 100]

Year or month

197419751976197719781979

198019811982198319841985 2

1984: JanFebMar

June



JulyA u g 2

SeptOctNovDec

Finished goods

Total

147.5163.4170.6181.7195.9217.7

247.0269.8280.7285.2291.1293.8

289.5290.6291.4291.2291.1290.9

292.3291.3289.5291.5292.3292.0

292.1292.6292.1293.1294.1294.0

294.8293.5290.2294.8296.7297.2

Foods

166.9181.0180.4189.9207.2226.2

239.5253.6259.3261.8273.3271.2

272.2274.7276.6274.3271.7270.8

275.3274.0273.0271.1272.0273.6

273.7275.6273.7272.2269.5268.7

271.2268.7266.5268.7272.0274.4

Ener-gy

215.2252.4282.3326.7347.7469.9

701.3835.4822.9783.6750.3721.4

753.8757.3757.9751.1762.7764.8

755.6741.0732.1743.5747.6736.0

711.7692.0693.2714.9746.1741.4

733.8719.9718.9716.1732.9736.1

Excluding foods andenergy

Total

133.3148.5156.8166.3178.7194.7

216.4235.1248.6256.1262.3268.7

260.1260.6261.0262.0262.1262.0

262.8262.9261.2264.1264.6264.3

266.0267.2267.2267.7268.2268.6

269.4269.4265.6271.6271.8271.4

Cap-ital

equip-ment

141.0162.5173.4184.6199.2216.5

239.8264.3279.4287.2294.0300.5

291.6292.3292.3294.5293.9293.9

294.6294.6292.5295.9296.5295.6

297.4299.2299.3299.9300.3300.5

300.8301.0296.4303.7303.8303.5

Con-sumergoods

exclud-ing

foodsand

energy

129.1141.0148.1156.6168.0183.3

204.2220.1232.6239.9245.9252.1

243.8244.2244.7245.2245.6245.5

246.4246.4245.0247.5248.1248.0

249.6250.5250.5251.1251.5252.0

252.9252.9249.5254.9255.1254.7

Intermediate materials, supplies,and components

Total

162.9180.0189.1201.5215.6243.2

280.3306.0310.4312.3320.0318.7

316.3317.6319.7320.3320.9321.6

321.7321.1320.3320.1320.4319.9

319.5318.7318.6319.3319.9319.3

318.6317.9317.9317.8318.1318.8

Foodsand

feeds1

200.2195.3185.3190.5203.1226.1

252.6250.3239.4247.9253.1232.7

260.7255.1257.5259.1260.8257.8

255.3251.4248.1244.0244.3243.0

240.7239.2236.7235.4232.6232.2

231.7227.1225.5228.5231.0231.7

Ener-gy

188.7220.8236.8267.3280.3348.6

484.9573.6570.8543.9545.0528.8

536.2540.8546.7542.2546.2553.5

554.5547.7544.0543.0545.2540.4

535.7526.0527.5531.5536.7528.6

523.8519.8526.0524.4529.5536.3

Other

156.7174.7185.0196.1210.4234.2

261.8283.4290.1294.8303.6305.2

299.5301.0302.7303.8303.9304.2

304.4304.8304.5304.7304.8304.8

305.1305.3305.2305.6305.9306.0

305.6305.5304.9304.6304.2304.2

Crude materials for furtherprocessing

Total

196.1196.9202.7209.2234.4274.3

304.6329.0319.5323.6330.8306.2

333.5332.6338.8339.4338.0333.0

334.1328.9326.2319.6323.2322.4

318.9318.1312.3311.0309.1305.6

303.9295.3292.4298.0305.6304.7

Food-stuffs

andfeed-stuffs

189.4191.8190.2192.1216.2247.9

259.2257.4247.8252.2259.5235.0

264.0260.5269.9269.7266.4260.3

263.6256.5252.7244.9252.8253.0

250.7250.0242.9239.9236.3233.7

231.6221.0215.9224.5236.7236.8

Ener-gy

223.0266.9283.1323.5362.5439.9

586.1783.4801.5791.1785.2749.1

786.0786.4780.1783.1786.4787.7

790.5795.0788.5787.2778.4773.1

757.5754.1746.4749.1760.7754.5

752.6742.9745.4743.4742.9739.5

Other

198.3165.0191.0190.1209.2253.0

269.4266.0238.1250.7266.1249.7

263.7271.1274.3276.4277.8272.8

265.6260.4264.0258.0255.5253.9

254.4255.3255.4257.3252.3247.4

247.2245.8246.9247.2244.9242.6

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1985 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.

323


TABLE B-62.—Producer price indexes for major commodity groups, 1941-8

[1967-100]

Year or month

194719481949

1950.1951195219531954 . .. .19551956 . .195719581959

19601961 .19621963 . . .196419651966196719681969

19701971 . . .1972197319741975197619771978 . . . .1979

1980198119821983198419852

1984- JanFebMar .. .AprMayJune

JulyA u g . . .SeptOctNovDec


JulyA u g 2

SeptOctNovDec

Farm products and processedfoods and feeds

Total

94.3101.5

89.6

93.9106.9102.7

96.095.791.290.693.798.193.5

93.793.794.793.893.297.1

103.5100.0102.4108.0

111.7113.9122.4159.1177.4184.2183.1188.8206.6229.8

244.7251.5248.9253.9262.4250.5

264.4263.4267.9267.3265.8262.8

264.9261.4259.4255.3258.1258.6

257.6258.0254.6253.1250.2249.1

249.6244.0241.4245.3251.0252.1

Farmproducts

109.4117.5101.6

106.7124.2117.2106.2104.7

98.296.999.5

103.997.5

97.296.398.096.094.698.7

105.9100.0102.5109.1

111.0112.9125.0176.3187.7186.7191.0192.5212.5241.4

249.4254.9242.4248.2255.8230.4

263.4261.6267.4265.4260.8257.1

258.7253.3249.8240.2245.7245.7

243.2245.3238.8236.8230.4229.4

229.3218.0212.9219.5230.1231.6

Processedfoods and

feeds

82.988.780.6

83.492.791.687.488.985.084.987.491.889.4

89.591.091.992.592.395.5

101.2100.0102.2107.3

112.1114.5120.8148.1170.9182.6178.0186.1202.6222.5

241.2248.7251.5255.9265.0260.5

263.8263.4267.1267.2267.5264.8

267.3264.8263.6262.6263.8264.5

264.4263.9262.3260.9260.0258.8

259.7257.3256.0258.4261.5262.3

Industrial commodities

Total

70.876.975.3

78.086.184.184.885.086.990.893.393.695.3

95.394.894.894.795.296.498.5

100.0102.5106.0

110.0114.1117.9125.9153.8171.5182.4195.1209.4236.5

274.8304.1312.3315.7322.6323.9

319.1320.6321.9322.6323.2323.8

323.9323.3322.2323.4323.8323.0

322.9322.2322.5323.8325.3324.8

324.4323.7322.5324.4325.0325.2

Textileproducts

andapparel

103.6108.198.9

102.7114.6103.4100.898.698.798.798.897.098.4

99.597.798.698.599.299.8

100.1100.0103.7106.0

107.1109.0113.6123.8139.1137.9148.2154.0159.8168.7

183.5199.7204.6205.1210.0210.4

208.2209.6209.9209.9210.5210.2

210.5210.1210.7210.4210.2210.0

210.3210.6210.5210.7210.5210.2

210.2210.4210.6210.2210.2210.7

Hides,skins,

leather,and

relatedproducts

83.384.279.9

86.399.180.181.377.677.381.982.082.994.2

90.891.792.790.090.394.3

103.4100.0103.2108.9

110.3114.1131.3143.1145.1148.5167.8179.3200.0252.4

248.9260.9262.6271.1286.3286.2

279.1283.3286.7286.8288.5290.1

288.9288.7288.7287.7283.8283.6

283.7283.7282.4284.7284.2285.5

284.6286.3287.0289.4290.4292.6

Fuels andrelated

products,and

power l

76.990.586.2

87.190.390.192.691.391.294.099.195.395.3

96.197.296.796.393.795.597.8

100.098.9

100.9

106.2115.2118.6134.3208.3245.1265.6302.2322.5408.1

574.0694.5693.2664.7656.8634.2

652.1656.0658.7654.7660.6665.9

665.0657.9652.3654.4655.3648.5

636.8625.3625.3633.9647.3640.6

635.4627.6631.2629.2636.8640.9

Chemicalsand alliedproducts *

93.795.987.6

88.9101.796.597.798.998.599.1

101.2102.0101.6

101.8100.799.197.998.399.099.4

100.099.899.9

102.2104.1104.2110.0146.8181.3187.2192.8198.8222.3

260.3287.6292.3293.0300.8303.0

298.1296.5300.1302.0302.7302.2

302.6301.1300.9301.3301.6300.7

301.6302.2302.6303.3303.2303.7

304.6304.6303.3302.8302.6301.5

1 Prices for some items in this grouping areitems was eliminated beRinning with the June l


and refer to 1 month earlier than the index month; the lag for refined petroleumdata.

324


TABLE B-62.—Producer price indexes for major commodity groups, 1947-85—Continued

[1967 = 100]

Year or month

19471948194919501951195219531954..1955195619571958195919601961196219631964 . ..196519661967.196819691970197119721973197419751976197719781979.198019811982.198319841985 2

1984: JanFeb.MarAprMay .JuneJulyAugSeptOctNovDec

1985: JanFebMarApr ...MayJuneJuly . ...A u g 2

Sept ....OctNovDec.

Industrial commodities— Continued

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

100.0103.4105.3108.3109.1109.3112.4136.2150.2159.2167.6174.8194.3217.4232.6241.4243.2246.8245.8

244.8246.2246.4247.3247.5247.6247.5247.7248.3246.6246.1245.9

246.7246.4246.5246.6246.4246.2245.8244.8244.5245.3245.2244.8

Lumberand

woodproducts

73.484.077.789.397.294.494.392.697.198.593.592.498.895.391.091.693.595.495.9

100.2100.0113.3125.3113.6127.3144.3177.2183.6176.9205.6236.3276.0300.4288.9292.8284.7307.1307.4303.6

309.1315.7316.8315.1308.5307.1304.4304.7303.3300.3301.0303.0

304.4303.4303.1301.5306.8313.1310.1305.5300.5300.1297.1297.9

Pulp,paper,

andallied

products

72.575.772.474.388.085.785.585.587.893.695.496.497.398.195.296.395.695.496.298.8

100.0101.1104.0108.2110.1113.4122.1151.7170.4179.4186.4195.6219.0249.2273.8288.7298.1318.5327.3

309.1312.0314.0316.3317.7318.4319.8321.3322.0323.1324.1324.1

327.1327.6327.7327.6327.3327.1326.8326.9326.9327.4327.6327.5

Metalsand

metalproducts

54.962.563.066.373.873.976.376.982.189.291.090.492.392.491.991.291.393.896.498.8

100.0102.6108.5116.6118.7123.5132.8171.9185.6195.9209.0227.1259.3286.4300.4301.6307.2316.1314.9

312.9314.8316.8317.9317.4317.3316.1316.2315.6316.0316.4315.5

315.0315.6315.4316.8316.4314.9314.5314.7314.5314.3313.5313.5

Machineryand

equipment

53.758.261.063.170.570.672.273.475.781.887.689.491.392.091.992.092.292.893.996.8

100.0103.2106.5111.4115.5117.9121.7139.4161.4171.0181.7196.1213.9239.8263.3278.8286.4293.1298.9

289.7290.2291.0292.2292.6293.1294.0294.1294.3294.8295.3295.6

297.0297.6297.8298.1298.4298.9299.2299.6299.9299.8300.1300.2

Furnitureand

householddurables

77.081.682.984.791.890.191.992.993.395.898.399.199.399.098.497.797.097.496.998.0

100.0102.8104.9107.5110.0111.4115.2127.9139.7145.6151.5160.4171.3187.7198.5206.9214.0218.7221.7

216.8217.2217.4218.2219.1219.1219,2219.2219.0219.2220.0220.1

220.3220.8221.1221.7221.7221.6222.0222.0222.3222.0222.2222.4

Non-metallicmineral

products

66.371.673.575.480.180.183.385.187.591.394.895.897.097.297.697.697.197.397.598.4

100.0103.7107.7112.9122.4126.1130.2153.2174.0186.3200.5222.8248.6283.0309.5320.2325.2337.3347.8

330.1332.2333.4335.8337.6338.3339.8340.8340.5340.0339.6340.1

341.7342.6343.9345.5348.1349.3349.7350.3349.8350.4350.8351.2

Transpor-tationequip-ment:Motor

vehiclesand

equip-ment3

64.170.875.775.379.484.083.683.886.391.295.198.1

100.398.898.698.697.898.398.598.6

100.0102.8104.8108.7114.9118.0119.2129.2144.6153.8163.7176.0190.5208.8237.6251.3256.8261.5267.3

261.1261.2261.5261.9261.5261.1261.4261.1255.2263.8264.3263.5

265.2266.7266.2266.2267.3267.5267.7267.7254.7273.5273.3272.0

Miscella-neous

products

73.576.578.079.283.983.485.686.486.587.690.292.092.293.093.393.794.595.295.997.7

100.0102.2105.2109.9112.9114.6119.7133.1147.7153.7164.3184.3208.7258.8265.7276.4289.6295.9302.3

294.5294.9294.9294.6294.3295.7297.3298.2296.7296.5296.5296.7

299.2300.7300.6301.6301.4301.3303.5303.4303.2303.7304.3304.6

2 Data have been revised through August 1985 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.

3 Index for total transportation equipment is not shown but is available beginning December 1968.



TABLE B-63.—Changes in producer price indexes for finished goods, 1955-85

[Percent change]

Year or month

19551956195719581959

19601961196219631964

19651966196719681969

1970."1971197219731974

19751976197719781979

1980.1981198219831984

1985 2




JulyAug 2

SeptOctNovDec

Totalfinishedgoods

Dec. toDec.1

124 23.2

.54

1.8-.5

.1-.2

.5

3.32.21.63.14.8

2.23.23.8

11.818.3

6.63.76.99.2

12.8

11.87.13.7

.61.7

1.8

Yearto year

02283.62.3

2

.80.3

-.3.4

1.73.21.22.83.7

3.53.13.19.1

15.3

10.84.46.57.8

11.1

13.59.24.01.62.1

.9

Finishedconsumer

foods

Dec. toDec.1

-2.9365.3

.437

5.2-1.8

.5-1.3

.4

9.11.4

-.44.88.2

-2.55.98.0

22.513.0

5.5-2.5

6.911.7

7.4

7.51.42.12.33.5

.3

Yearto year

-252

3.55.84 7

2.2-.4

.9-1.2

.5

3.86.5

-1.63.66.2

3.21.65.6

20.314.0

8.4-.35.39.19.2

5.95.92.21.04.4

-.8

Finished goods excluding consumer foods

Total

Dec. toDec.1

2A3.4

4.32.12.16.6

21.2

7.26.26.98.3

14.8

13.38.84.1

.01.1

2.3

Yearto year

2!e2.7

3.53.72.04.1

16.0

12.16.37.07.3

11.9

16.210.34.61.71.4

1.5

Consumergoods

Dec. toDec.1

1.72.51.7

.2

.8

.4-.3-.1

.1

.1

.91.72.12.02.9

3.92.02.07.4

20.5

6.76.06.78.5

17.5

14.28.54.2-.8

.8

2.1

Yearto year

0.82.42.5

.11.3

.4-.1-.20-.1

.71.61.92.12.4

3.03.41.94.5

16.9

10.56.27.27.1

13.3

18.610.24.11.3

.9

1.1

Capitalequipment

Dec. toDec.1

5.68.34.31.31.0

.1

.2

.3

.5

.9

1.53.93.13.04.6

4.92.42.05.3

22.6

8.26.47.37.98.8

11.49.23.91.91.8

2.7

Yearto year

3.07.46.22.61.9

.2

.1

.4

.21.0

1.22.53.33.53.3

4.84.12.53.3

14.2

15.26.76.57.98.7

10.810.25.72.82.4

2.2

Finishedenergygoods

Dec. toDec.1

16.411.512.18.5

58.0

27.814.1-.1

-9.2-4.1

.0

Yearto year

17.311.815.76.4

35.1

49.219.1

-1.5-4.8-4.2

-3.9

Finished goodsexcluding foods

and energy

Dec. toDec.1

6.15.66.38.39.4

10.77.84.91.82.1

2.7

Yearto year

11.45.66.17.59.0

11.18.65.73.02.4

2.4

Percent change from preceding month

Unad-justed

0.8.4.3

-.1-.0_ i

.5-.3-.6

.7

.3-.1

.0

.2-.2

.3

.3-.0

.3-.4

-1.11.6

.6

.2

Sea-son-allyad-

justed

0.7.3.5.0

-.10

.2_ 2o'

_ i

o'-.0

.1

.1

.4

.2-.2

.3

-!6.9.8.4

Unad-justed

3.0.9.7

-.8-.9-.3

1.7— .5_ 4-.1

.3

.6

.0

.7-.7-.5

-1.0-.3

.9-.9-.8

.81.2.9

Sea-son-allyad-

justed

2.4.2

1.0-1.1-.80

1.5-.3-.1-.1

.5

.4

-.5.1

-.4-.9

-1.1-.0

1.0-.8-.71.41.6.8

Unad-justed

0.1.2.1.2

!o.1

-.3-.71.2.3

-.4

.1-.0

.0

.6

.8

.0

.1-.3

-1.21.8.4

-.1

Sea-son-allyad-

justed

0.1.3.4.4.1

0

-.2-.2

.0-.0

.3-.1

.1

.0

.3

.8

.6-.2

.0-.2-.5

.6

.6

.3

Unad-justed

0.2.2

-.0.5

0

.0-.4-.71.1.3

-.4

-.2_ 3'.0.8

1.013

.1-.5

-1.01.6.6

0

Sea-son-

^justed

0.1.3.4.3.2

-.1

-.3-.3-.0

.0

.3-.0

-.1-.2

n.8

-.4

0-.3-.5

.5

.8

.4

Unad-justed

0.4.2

0.8

-.20

.20_ 712

.2-.3

.6

.6

.0

.2

.1

.1

.1

.1-1.5

2.5.0

-.1

Sea-son-allyad-

justed

0.3.4.3.6

-.2.1

.2

.2

.2_ 2

'.3-.3

.4

.8

.3

.0

.2

.1

.1

.3-.61.0.1

-.1

Unad-justed

-1.8.5.1

-.91.5.3

-1.2-1.9-1.2

1.6.6

-1.6

-3.3-2.8

.23.14.4-.6

-1.0-1.9-.1_ 42.3

.4

Sea-son-

3justed

-1.0.8

-1.12.1

.2-1.0

-2.2-2.3-1.0

1.4.6

-.6

-2.6-2.5-.96.13.0

-2.8

-1.5-1.7-.2_ 23.11.8

Unad-justed

0.5.2.2.4.0

-.0

.3

.0-.61.1.2

-.1

.6

.50

.2

.2

.1

.30

-1.42.3

.1-.1

Sea-son-allyad-

justed

0.3.2.7.1.1.2

.2

.2

.2— 3

'.2-.0

.6

.5

.5-.1

.2

.2

.3

.1-.6

.8

.1-.0

1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through August 1985 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.



MONEY STOCK, CREDIT, AND FINANCE

TABLE B-64.—Money stock, liquid assets, and debt measures, 1959-85

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

Period

December:1959

I9601961196219631964 „

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985"


JulyAug ..SeptOctNov"Dec p

Ml

Sum ofcurrency,demanddeposits,travelers

checks, andother

checkabledeposits(OCDs)

141.0

141.8146.5149.2154.7161.9

169.5173.7185.1199.4205.8

216.6230.8252.0265.S277.5

291.1310.3335.3363.0389.0

414.8441.8480.8528.0558.5

624.7

562.7569.4572.1574.9581.6591.2

595.8605.9611.9611.1617.9624.7

M2

Ml plusovernightRPs and

Eurodollars,MMMF

balances(general

purpose andbroker/dealer),

MMDAs, andsavings andsmall timedeposits

297.8

312.3335.5362.7393.2424.8

459.4480.0524.3566.3589.5

628.2712.8805.2861.0908.4

1,023.11,163.61,286.61,388.91,497.9

1,631.41,794.41,954.92,188.82,371.7

2,563.6

2,398.92,421.02,429.62,427.72,444.92,472.9

2,490.62,514.12,528.92,533.02,547.12,563.6

M3

M2 pluslarge timedeposits,term RPs,

termEurodollars,

andinstitution-only MMMF

balances

299.8

315.3341.0371.4406.0442.5

482.2505.1557.1606.2615.0

677.5776.2886.0985.0

1,070.4

1,172.21,311.81,472.51,646.41,803.6

1,988.52,235.82,446.82,701.72,995.0

3,213.5

3,020.53,041.03,055.93,056.93,076.93,104.5

3,117.23,142.63,169.33,179.73,194.73,213.5

L

M3 plusother liquid

assets

388.7

403.7430.8466.1503.8540.4

584.5614.8666.6728.9763.6

816.4903.2

1,023.11,141.81,249.2

1,367.61,516.51,704.31,909.72,115.8

2,324.82,596.62,854.83,168.93,541.3

3,564.03,595.53,623.33,625.93,644.53,675.1

3,694.63,732.93,766.73,781.73,816.8

Debt1

Debt ofdomestic

nonfinancialsectors

(monthlyaverage)

638.4

673.7716.6769.5825.5889.1

957.81.025.11,102.21,197.51,285.5

1,375.61,510.51,670.31,861.42,036.9

2,225.82,468.32,784.13,157.03,543.5

3,881.74,255.74,649.85,177.15,927.0

5,992.66,048.26,103.86,165.46,228.66,290.8

6,356.06,419.76,479.26,542.16,626.0

Percent change from year or 6months earlier2

Ml

0.63.31.83.74.7

4.72.56.67.73.2

5.26.69.25.54.4

4.96.68.18.37.2

6.66.58.89.85.8

11.9

5.97.67.69.9

10.312.1

12.113.214.413.012.911.7

M2

4.97.48.18.48.0

8.14.59.28.04.1

6.613.513.06.95.5

12.613.710.68.07.8

8.910.08.9

12.08.4

8.1

10.711.510.89.68.68.7

7.87.88.38.98.57.5

M3

5.28.28.99.39.0

9.04.7

10.38.81.5

10.214.614.111.28.7

9.511.912.311.89.5

10.312.49.4

10.410.9

7.3

11.411.611.09.28.17.4

6.56.87.68.27.87.1

Debt

8.4

5.56.47.47.37.7

7.77.07.58.67.3

7.09.8

10.611.49.4

9.310.912.813.412.2

9.59.69.3

11.314.5

14.814.314.214.013.312.7

12.512.712.712.613.2

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

2 Annual changes are from December to December, and monthly changes are from 6 months earlier at an annual rate.Note.—The nontransactions portion of M2 is seasonally adjusted as a whole to reduce distortions caused by substantial portfolio

shifts 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 M3. See Table B-65 for components.



TABLE B-65.—Components of money stock measures and liquid assets, 1959-85

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

Period

December:1959

19601961196219631964

19651966 . . . . .196719681969 . . . .

19701971197219731974

19751976197719781979

19801981198219831984

1985 p



1985- JanFebMar

ftJune

JulyAugSeptOctNovDec *

Currency

29.0

28.929.530.632.534.3

36.338.340.443.446.1

49.252.656.861.667.9

73.880.688.697.6

106.4

116.7124.0134.3148.4158.7

170.8

149.4150.2151.2152.1152.8154.3

155.0155.9156.8157.1157.9158.7

159.4160.5161.3161.7163.1164.5

165.4167.1167.9168.8170.0170.8

Travelerschecks

0.4

.4

.4

.4

.5

.5

.6

.6

.7

.8

.8

1.01.11.31.51.8

2.32.83.13.53.8

4.24.44.34.95.2

5.9

4.95.05.05.15.15.1

5.25.25.15.05.15.2

5.35.35.45.55.55.7

5.95.95.95.95.95.9

Demanddeposits

111.6

112.5116.5118.2121.7127.0

132.5134.6143.9155.1158.8

166.3176.9193.7202.4207.4

214.1224.3239.4253.4261.3

265.7235.2238.6243.5248.6

270.8

244.3245.2245.5245.9246.3248.9

247.3246.8247.5244.5246.8248.6

249.1251.7251.9252.5255.8260.7

260.9264.1266.8264.0266.3270.8

Othercheckabledeposits(OCDs)

0.0

.0

.0

.0

.1

.1

.1

.1

.1

.1

.1

.1

.2

.2

.3

.4

.92.74.28.5

17.5

28.278.2

103.5131.3146.0

177.2

132.7133.8135.6136.1138.3139.0

139.4141.0142.2141.8143.9146.0

149.0151.8153.6155.3157.3160.3

163.6168.9171.3172.4175.7177.2

Overnightrepur-chaseagree-ments(RPs)

net, plusovernightEurodol-

larsNSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.02.2

1.32.32.85.35.6

5.810.614.720.321.2

28.335.938.853.857.6

72.9

56.157.356.656.358.355.9

56.358.556.756.858.057.6

62.969.668.159.464.163.0

62.666.166.667.168.872.9

Money market mutualfund (MMMF)

balances

Generalpurpose

andbroker/dealer

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.11.7

2.72.42.46.4

33.4

61.6150.6185.2138.2167.5

175.8

137.8142.1144.8145.9146.5148.9

150.5150.6152.1155.6162.0167.5

171.9175.1177.6176.2172.2175.4

175.8176.8176.7177.0176.5175.8

Institu-tion only

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.2

.4

.6

.93.19.5

15.238.051.143.262.7

64.5

43.544.645.045.045.345.7

46.146.246.952.258.362.7

65.062.259.559.663.567.1

65.063.662.363.364.564.5

Moneymarketdeposit

accounts(MMDAs)

NSA

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.043.2

379.2415.1

509.0

384.0390.0396.9401.0399.4397.8

394.2388.9388.6392.0402.4415.1

433.7448.3457.9460.3463.8475.1

484.1492.1496.7501.1506.5509.0

Savingsdeposits

146.4

159.1175.5194.8214.4235.2

256.9253.1263.7268.9263.7

261.0292.2321.4326.7338.5

388.8453.2492.1481.7423.3

400.8344.4357.8307.0288.6

305.0

305.1303.8302.9301.9301.5300.8

299.1296.5294.6292.6290.7288.6

288.6289.4288.6287.8289.3292.1

296.0300.3301.7304.3305.8305.0



TABLE B-65.—Components of money stock measures and liquid assets, 1959-85—Continued

[Averages of daily figures; bi l l ions of dollars, seasonally adjusted, except as noted]

Period

December:1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979 ... .

1980198119821983... .. .1984

1985 p


J u l y .AugSeptOctNov . .Dec


JulyAugSeptOctN o v p

Dec p

Smalldenomi-nationtime

deposits »

114

12514.820125.5292

34555.0778

100.51204

151 1189.72316265.8287.9

337.93908445.6521.2634.6

7290823.685157846885.6

8783

790.379628023811282268340

8436855.08645872787858856

881.9877.6878.68853892.0894.2

88858784874.4871.68717878 3

Largedenomi-nationtime

deposits J

1.2

203.97 0

10.8152

21223.130937.4204

45257.7733

111.1144.8

129.71181145.0195.1222.0

2589302.132833308416.2

441 1

336.134303497357736983795

3893392.63960405241074162

416.9419.3423.64273428.2424.1

42004214428.643334377441 1

Termrepur-chaseagree-ments(RPs)NSA

0.0

0.00

.00

0.00.0

26

162.7356.87.9

8.214019.126.629.5

34036.034551.869.7

764

50.1514535573595592

60064.1666693707697

65.065.768.971968.866.9

65.067670.770.6743764

TermEurodol-

lars

NSA

0.7

.81.4161.92 4

172.12 12.92 7

2 22.7365.48.0

-9.714820.231.844.7

50367.581791.583.2

768

89.089493292.193089.3

88.386.585.6806819832

81.181.384.781.081.879.9

79.480280.880.3797768

Savingsbonds

46.1

45.746.546.948.149.0

49.650.251.251.851.7

52.054.357.660.463,3

67.271.876.480.379.6

72.367.867.971.174.1

71.471.872 172.572.773.0

73.173.373.673.773.974.1

74.474.975.375.876.276.6

76.777.278.178.578.9

Short-term

Treasurysecurities

38.6

36.837.039.940.738.5

40843.338.846.2595

48936.140849.552.9

69.570.478.381.9

108.4

133.9150.41862216.3267.2

220.5222.82307235.4235.7244.8

252.1261.1273.5273.1268.0267.2

266.6270.2275.9278.2277.9286.5

286.9288.1290.0288.2303.3

Bankersaccept-ances

0.6

.91.11.11.21.3

1.61.81.82.33.3

3.53.83.55.0

12.6

10.710.814.122.027.2

32.039.743.944.143.2

43.342.944.044.746.547.7

48.247.846.844.843.443.2

42.844.646.446.144.842.8

42.742.942.943.642.5

Commer-cial paper

3.6

5.15.26.87.79.1

10.214.417.822.534.0

34.532.735.241.950.1

48.051.762.979.097.0

98.1102.8107.0135.2161.8

134.9138.1142.9146.1152.0155.5

159.4160.5157.2156.7157.6161.8

159.6164.8169.8168.9168.6164.7

171.1182.0186.6191.7197.4

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 B-64.Source: Board of Governors of the Federal Reserve System.

329


TABLE B-66.—Aggregate reserves of depository institutions and monetary base,

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

Year and month

1959- Dec

I960- Dec1961: Dec1962- Dec1963: Dec1964- Dec

1965- Dec1966- Dec1967: Dec1968- Dec1969: Dec

1970: Dec1971- Dec1972: Dec ..1973- Dec1974- Dec

1975- Dec1976: Dec1977- Dec1978- Dec1979- Dec

1980- Dec1981- Dec1982: Dec1983- Dec1984- Dec

1985: Dec"

1984-. JanFeb . . .Mar....,AprMayJune



JulyAugSeptOctNovDec "

Adjusted for changes in reserve requirements *

Reserves of depository institutions

Total

13,695

13,86314.29314,55614,85615,336

15,88115,87517,27918,18118,471

19,35620,59422,66323,67124,904

25,04425,59626,62727,90629,200

31,03832,09634,28336,13839,081

45,186

36,35737,09337,01936,97337,39737,986

38,05038,28438,08637,96138,46639,081

39,63540,43240,47140,71041,32342,177

42,60643,19343,50743,65144,37745,186

Nonbor-rowed

12,754

13,78914,16014,29614,52415,072

15,43715,34217,05117,43517,352

19,02320,46821,61322,37324,176

24,91425,54326,05727,03827,728

29,34831,46033,64935,36435,895

43,867

35,64236,52636,06835,73934,40934,686

32,12630,26830,84431,94433,84935,895

38,24039,14338,87839,38739,98940,972

41,50042,12142,21842,46442,63643,867

Nonbor-rowedplus

extendedcredit

12,754

13,78914,16014,29614,52415,072

15,43715,34217,05117,43517,352

19,02320,46821,61322,37324,323

24,92625,54326,05727,03827,728

29,35131,60833,83535,36638,499

44,367

35,64636,53136,09535,78434,44636,558

37,13437,31137,30337,00137,68638,499

39,29039,94739,93740,25640,52241,638

42,00642,69042,87443,09343.16744,367

Required

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

30,52431,77733,78335,57838,229

44,128

35,74436,15036,30836,48236,81837,212

37,43737,59537,45837,34137,77338,229

38,89039,52939,70539,97240,51941,272

41,75142,36642,84142,89843,44944,128

Mone-tary base

43,425

43,40844,43745,68347,93550,285

52,96155,03658,45362,53365,678

69,68574,37780,92187,43694,629

100,771108,347117,461128,043139,016

150,342158,097170,145185,485199,032

216,935

187,484188,938189,828190,515191,715193,659

194,460195,568196,206196,397197,672199,032

200,206202,049202,945203,562205,355207,658

208,831211,154212,384213,456215,255216,935

Borrowings of depositoryinstitutions from the Federal

Reserve, NSA

Total

941

74133260332264

444532228746

1,119

332126

1,0501,298727

13053569868

1,473

1,690636634774

3,186

1,318

715567952

1,2342,9883,300

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

1,3951,2891,5931,3231,3341,205

1,1071,0731,2891,1871,7411,318

Seasonal

4132

14135513581

116543396113

56

86103133139196264

308346319299212113

627188135165151

16722120317210756

Extendedcredit

147

12

3148186

2,604

499

45274437

1,873

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

1,050803

1,059868534665

507570656629530499

1 Aggregate reserves incorporate adjustments for discontinuities associated with the implementation of the Monetary Control Act andother regulatory changes to reserve requirements. For details on aggregate reserves series see Federal Reserve Bulletin.


330


TABLE B-67.—Commercial bank loans and securities, 1972-85

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

Year and monthTotal loans

andsecurities

Loans and leases

TotalCommercial

andindustrial

U.S.Governmentsecurities

Othersecurities

1972: Dec 572.01973: Dec 647.81974: Dec 713.71975: Dec 745.11976: Dec 804.61977: Dec 891.41978: Dec 1,013.81979: Dec 1,135.4

1980: Dec 1,239.71981: Dec 1,307.41982: Dec 1,400.51983: Dec 1,553.01984: Dec 1,716.81985: Dec " 1,895.5

1984: Jan 1,565.0Feb 1,584.2Mar 1,599.8Apr 1,613.2May 1,630.1June 1,637.0

July 1,653.2Aug 1,662.9Sept 2 1,675.8Oct 1,684.1Nov 1,702.8Dec 1,716.8

1985: Jan 1,726.3Feb 1,744.8Mar 1,761.6Apr 1,768.8May 1,788.5June 1,802.7

July 1,819.0Aug 1,828.8Sept 1,841.3Oct 1,844.4Nov 1,869.6Dec* 1,895.5

390.0460.1519.8517.1554.8632.2746.9849.1

914.5967.4

1,032.81,122.71,316.51,450.3

1,160.91,181.31,196.51,213.51,232.31,243.6

1,257.21,264.9

21,275.71,285.51,302.11,316.5

1,323.41,337.71,355.61,367.11,380.01,391.0

1,402.11,409.21,416.91,419.71,433.91,450.3

137.1165.0196.6189.3190.9211.0246.1291.1

326.9355.1391.5412.8469.0493.9

414.1421.8432.2438.5448.1452.3

455.1458.2

2 460.2463.2467.6469.0

469.2474.2481.2481.9484.3484.3

484.1485.7487.2487.0490.6493.9

88.688.286.3

116.7136.3136.6137.6144.4

170.9179.6202.7260.8260.3270.7

260.4260.7261.0257.6257.4253.7

256.4257.2258.1257.1259.5260.3

260.3266.0267.1261.4266.3267.1

271.6271.4273.1270.0275.0270.7

93.499.4

107.5111.2113.5122.7129.2141.9

154.4160.4165.0169.6140.0174.5

143.7142.2142.3142.1140.5139.7

139.5140.8141.9141.5141.2140.0

142.6141.1138.9140.2142.2144.5

145.4148.2151.3154.8160.7174.5

1 Data are prorated averages of Wednesday figures for domestically chartered banks and averages of current and previous month-enddata for foreign-related institutions. Lease financing receivables are included in total loans and investments and in total loans.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.


331


TABLE B-68.—Bond yields and interest rates, 1929-85

[Percent per annum]

Year and

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985

1980:JanFebMar

iviay"::::June... .

JulyAugSept....OctNovDec

U.S. Treasury securities

Bills(new issues) J

3-month

0.515.023

.014

.103

.326

.373

.375

.375

.375594

1.0401 102

12181.55217661.931

9531.7532.6583.2671.8393.405

2.9282.3782.7783.1573.5493.9544.8814.3215.3396.677

6.4584.3484.0717.0417.8865.8384.9895.2657.221

10.041

11.50614.02910.686

8.639.587.48

12.03612.81415.52614.0039.1506.995

8.1269.259

10.32111.58013.88815.661

6-month

1832"

3.2472.6052.9083.2533.6864.0555.0824.6305.4706.853

6.5624.5114.4667.1787.9266.1225.2665.5107.572

10.017

11.37413.77611.084

8.759.807.66

11.85112.72115.10013.618

9.1497.218

8.1019.443

10.54611.56613.61214.770

Consmatur

3-year

2.471.632.473.193.982.844.46

3.983.543.473.674.034.225.235.035.687.02

7.295.655.726.957.827.496.776.698.299.71

11.5514.4412.9210.4511.899.64

10.8812.8414.0512.02

9.448.91

9.2710.6311.5712.0113.3113.65

tant

10-year

2.852.402.823.183.653.324.33

4.123.883.954.004.194.284.925.075.656.67

7.356.166.216.847.567.997.617.428.419.44

11.4613.9113.0011.1012.4410.62

10.8012.4112.7511.4710.18

9.78

10.2511.1011.5111.7512.6812.84

Corporatebonds

(Moody's)

Aaa 3

4.734.493.01

2.842.772.832.732722.622.532.612.822.66

2.622.862.963.202.903.063.363.893.794.38

4.414.354.334.264.404.495.135.516.187.03

8.047.397.217.448.578.838.438.028.739.63

11.9414.1713.7912.0412.7111.37

11.0912.3812.9612.0410.9910.58

11.0711.6412.0212.3112.9713.21

Baa

5.907.764.96

4.754.334.283.913.613.293.053.243.473.42

3.243.413.523.743.513.533.884.714.735.05

5.195.085.024.864.834.875.676.236.947.81

9.118.568.168.249.50

10.619.758.979.49

10.69

13.6716.0416.1113.5514.1912.72

12.4213.5714.4514.1913.1712.71

12.6513.1513.7014.2314.6415.14

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

4.274.712.76

2.502.102.362.061.861.671.642.012.402.21

1.982.002.192.722.372.532.933.603.563.95

3.733.463.183.233.223.273.823.984.515.81

6.515.705.275.186.096.896.495.565.906.39

8.5111.2311.579.47

10.159.18

7.218.049.098.407.377.60

8.088.628.959.119.55

10.09

homemortgage

yields(FHLBB) 4

5.895.825.816.256.466.977.80

8.457.747.607.968.929.009.009.029.56

10.78

12.6614.7015.1412.5712.38

11.8711.9312.6213.0313:6812.66

12.4812.2512.3512.6113.0413.28

Com-mercialpaper, 6months5

5.851.73.59

.56

.53

.66

.69

.73

.75

.811.031.441.49

1.452.162.332.521.582.183.313.812.463.97

3.852.973.263.553.974.385.555.105.907.83

7.715.114.738.159.846.325.345.617.99

10.91

12.2914.7611.89

8.8910.168.01

12.6613.6016.5014.939.298.03

8.299.61

11.0412.3214.7316.49

Prime ratecharged by

banks6

5.50-6.001.50-4.00

1.50

1.501.501.501.501.501.501.50

1.50-1.751.75-2.00

2.00

2.072.563.003.173.053.163.774.203.834.48

4.824.504.504.504.504.545.635.616.307.96

7.915.725.258.03

10.817.866.846.839.06

12.67

15.2718.8714.8610.7912.049.93

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 York6

5.162.561.00

1.001.00

8 1.008 1.008 1.008 1.008 1.00

1.001.341.50

1.591.751.751.991.601.892.773.122.153.36

3.533.003.003.233.554.044.504.195.165.87

5.954.884.506.447.836.255.505.467.46

10.28

11.7713.4211.02

8.508.807.69

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

L782.733.111.573.30

3.221.962.683.183.504.075.114.225.668.20

7.184.664.438.73

10.505.825.045.547.93

11.19

13.3616.3812.26

9.0910.238.10

13.8214.1317.1917.6110.98

9.47

9.039.61

10.8712.8115.8518.90

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.


332


TABLE B-68.—Bond yields and interest rates, 1929-85—Continued

[Percent per annum]

Yearand

month

1981'JanFebMar....AprMay....June.. .JulyAug....Sept ...OctNovDec

1982:JanFebMar.. . .AprMay....June...JulyAug....Sept ...OctNovDec

1983:JanFebMar.. . .AprMay....June. . .JulyAug ....Sept ...OctNovDec

1984:JanFebMar.. . .AprMay....June. . .JulyAug.. . .Sept ...OctNovDec

1985:JanFeb....Mar... .Apr....May.. .June. .July....Aug. . .Sept..Oct....Nov....Dec....

U.S. Treasury securities

Bills(new issues) J

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

7.8108.1308.3048.2528.198.829.129.399.058.718.718.96

8.939.039.449.699.909.94

10.1310.4910.41

9.978.798.16

7.768.228.578.007.567.017.057.187.087.177.207.07

6-month

13.88314.13412.98313.43415.33413.94714.40215.54815.05714.01311.53011.471

12.93013.70912.62112.86112.22012.31012.23610.1059.5398.2998.3198.225

7.8988.2338.3258.3438.208.899.299.539.198.908.899.14

9.069.139.589.83

10.3110.5510.5810.6510.5110.05

8.998.36

8.038.348.928.317.757.167.167.357.277.327.267.09

Constantmaturities2

3-year

13.0113.6513.5114.0915.0814.2915.1516.0016.2215.5013.1113.66

14.6414.7314.1314.1813.7714.4814.0012.6212.0310.62

9.989.88

9.649.919.849.769.66

10.3210.9011.3011.0710.8710.9611.13

10.9311.0511.5911.9812.7513.1813.0812.5012.3411.8510.9010.56

10.4310.5511.0510.49

9.759.059.189.319.379.258.888.40

10-year

12.5713.1913.1213.6814.1013.4714.2814.9415.3215.1513.3913.72

14.5914.4313.8613.8713.6214.3013.9513.0612.3410.9110.5510.54

10.4610.7210.5110.4010.3810.8511.3811.8511.6511.5411.6911.83

11.6711.8412.3212.6313.4113.5613.3612.7212.5212.1611.5711.50

11.3811.5111.8611.4310.8510.1610.3110.3310.3710.24

9.789.26

Corporatebonds

(Moody's)

Aaa 3

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

11.7912.0111.7311.5111.4611.7412.1512.5112.3712.2512.4112.57

12.2012.0812.5712.8113.2813.5513.4412.8712.6612.6312.2912.13

12.0812.1312.5612.2311.7210.9410.9711.0511.0711.0210.5510.16

Baa

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

13.9413.9513.6113.2913.0913.3713.3913.6413.5513.4613.6113.75

13.6513.5913.9914.3114.7415.0515.1514.6314.3513.9413.4813.40

13.2613.2313.6913.5113.1512.4012.4312.5012.4812.3611.9911.58

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

9.6510.0310.1210.5510.7310.5611.0312.1312.8612.6711.7112.77

13.1612.8112.7212.4511.9912.4212.1111.1210.61

9.599.979.91

9.459.489.168.969.039.519.469.729.579.649.799.90

9.619.639.929.98

10.5510.7110.5010.0310.1710.3410.2710.04

9.559.669.799.489.088.788.909.189.379.248.648.51

New-home

mortgageyields

(FHLBB) 4

13.2613.5414.0214.1514.1014.6714.7215.2715.2915.6516.3815.87

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

12.2712.2111.9212.0512.0111.7511.3411.2411.1711.0911.0110.87

Com-mercialpaper, 6months5

15.1014.8713.5914.1716.6615.2216.0916.6215.9314.7211.9612.14

13.3514.2713.4713.6413.0213.7913.0010.8010.86

9.218.728.50

8.158.398.488.488.319.039.369.689.288.989.099.50

9.189.319.86

10.2210.8711.2311.3411.1610.9410.16

9.068.55

8.158.699.238.477.887.387.577.747.867.797.697.62

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

10.75-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.0010.00-9.509.50-9.509.50-9.509.50-9.509.50-9.509.50-9.509.50-9.50

Discountrate,

FederalReserveBank of

New York 6

High-low

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

12.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-11.5011.50-10.0010.00-10.0010.00-9.509.50-9.009.00-8.50

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

8.00-8.008.00-8.008.00-8.008.00-8.008.00-7.507.50-7.507.50-7.507.50-7.507.50-7.507.50-7.507.50-7.507.50-7.50

Federalfundsrate7

19.0815.9314.7015.7218.5219.1019.0417.8215.8715.0813.3112.37

13.2214.7814.6814.9414.4514.1512.5910.1210.31

9.719.208.95

8.688.518.778.808.638.989.379.569.459.489.349.47

9.569.599.91

10.2910.3211.0611.2311.6411.30

9.999.438.38

8.358.508.588.277.977.537.887.907.927.998.058.27

5 Bank-discount basis; prior to November 1979, data are for 4-6 months paper.6 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.

333


TABLE B-69.—Total funds raised in credit markets by nonfinancial sectors, 1976-85


Item

Total net borrowing by domestic nonfinancial sectors

U.S. Government

Treasury issuesAgency issues and mortgages

Private domestic nonfinancial sectors

Debt capital instruments

Tax-exempt obligationsCorporate bondsMortgages

Home mortgagesMulti-family residentialCommercialFarm

Other debt instruments

Consumer creditBank loans n e eOpen-market paperOther

By borrowing sector-. Total

State and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate

Foreign net borrowing in United States

BondsBank loans n e eOpen-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 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

1976 1977 1978 1979 1980 1981 1982 1983 1984

Net credit market borrowing by nonfinancial sectors

243.5

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

319.4

56.8

57.6-.9

262.6

171.1

21.922.9

126.3

94.07.1

18.17.1

91.6

40.227.1

2.921.3

262.6

12.0140.7110.0

12.328.069.7

13.5

5.13.12.43.0

332.9

371.7

53.7

55.1-1.4

318.0

201.6

28.421.1

152.1

113.69.4

21.97.2

116.5

48.837.45.2

25.1

318.0

16.5173.4128.1

14.632.880.6

33.8

4.219.16.63.9

405.5

388.7

37.4

38.8-1.4

351.3

213.9

30.317.3

166.2

121.78.3

24.411.8

137.5

45.451.211.129.7

351.3

17.6181.0152.7

21.435.396.0

20.2

3.92.3

11.22.9

408.9

340.0

79.2

79.8-.6

260.8

186.3

30.326.7

129.4

93.87.1

19.29.3

74.5

4.737.0

5.727.1

260.8

17.2117.9125.7

14.331.080.4

27.2

.811.510.14.7

367.2

371.6

87.4

87.8-.5

284.2

153.7

23.421.8

108.5

71.64.8

22.29.9

130.5

22.754.719.233.9

284.2

6.8119.2158.3

16.438.4

103.4

27.2

5.43.7

13.94.2

398.8

398.3

161.3

162.1-.9

237.0

153.5

48.618.786.2

50.45.3

25.25.3

83.6

20.154.1

-4.714.0

237.0

25.990.4

120.7

7.940.971.9

15.7

6.7-6.2

10.74.5

414.0

538.9

186.6

186.7-.1

352.3

249.1

57.316.0

175.7

115.69.4

47.63.0

103.3

59.826.7

-1.618.3

352.3

37.6190.4124.3

4.565.254.6

18.9

3.84.96.04.3

557.8

755.6

198.8

199.0-.2

556.8

322.1

65.842.3

214.1

139.214.058.82.1

234.8

96.579.423.735.2

556.8

45.0249.5262.4

2.977.8

181.7

1.7

4.1-7.8

1.44.0

757.4

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

371.7

218.4

153.9

25.4112.1

6.97.52.0

64.4

39.8

6.533.3

-6.56.8

74.838.6

388.7

246.5

146.8

26.278.134.46.61.5

99.7

23.1

27.6-4.5

11.6.4

72.934.2

340.0

227.6

181.1

15.5128.7

29.26.51.1

46.5

1.6

-21.723.3

1.8-2.683.727.9

371.6

294.7

221.9

27.583.9

107.52.5

.5

72.9

7.6

-8.716.2

6.9-1.190.7

-27.2

398.3

270.1

181.6

25.1130.5

24.73.8

-2.5

88.5

-3.9

-26.722.8

10.76.1

103.212.1

538.9

367.2

224.4

37.4212.0

-44.114.34.8

142.8

49.2

22.127.1

3.7-5.395.128.9

755.6

484.5

292.2

30.0225.0

47.2-5.8-4.0

192.2

62.4

19.043.4

22.34.0

111.770.8


334


TABLE B-69.—Total funds raised in credit markets by nonfinancial sectors, 1976-85—Continued


Item

Total net borrowing by domestic nonfinancial sectors

U.S. Government

Treasury issuesAgency 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

FarmNonfarm noncorporateCorporate

Foreign net borrowing in United States

BondsBank loans n e eOpen-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 depositsMoney 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

1984

1 II III IV

1985

1 1! III

Net credit market borrowing by nonfinancial sectors

661.0

173.5

173.83

487.5

258.4

42.119.8

196.4

136.812.345.8

1.7

229.1

78.893.526.730.1

487.5

23.9215.5248.1

3.874.6

169.7

-6.5

-1.1-2.8-9.1

6.5

654.5

747.0

171.9

172.11

575.1

305.2

35.728.9

240.6

152.919.765.52.4

269.9

125.486.840.317.3

575.1

18.8280.9275.3

.491.4

183.5

52.3

3.3-6.450.94.5

799.3

704.7

194.9

195.11

509.8

333.2

72.349.4

211.5

131.89.5

67.42.8

176.6

90.235.322.628.5

509.8

52.9232.1224.8

6.575.0

143.4

-38.5

2.4-14.2

3033.7

666.2

909.9

254.9

255.01

655.0

391.5

113.070.9

207.7

135.214.556.6

1.4

263.5

91.5102.0

5.064.9

655.0

84.3269.3301.4

1.170.1

230.3

-.4

11.7-7.8

591.5

909.4

675.5

144.1

144.22

531.4

323.0

73.953.7

195.5

130.619.345.7-.1

208.4

121.317.024.046.2

531.4

61.1263.5206.8

-11.073.9

144.0

-8.0

2.3-12.2

-.12.0

667.5

760.4

218.1

218.21

542.4

376.3

103.269.2

203.9

142.811.053.8

-3.6

166.0

112.133.98.6

11.5

542.4

82.2272.6187.6

3368.9

122.1

-6.1

8.0.3

-17.53.1

754.3

742.2

166.4

166.4_ }

575.8

404.1

145.856.9

201.5

149.113.048.5

-9.1

171.7

115.235.0

1.520.0

575.8

116.8295.3163.7

-8.173.398.5

5.8

5.5-6.7

5.51.5

748.0

Direct and indirect supply of funds to credit markets

661.0

404.9

291.4

51.0200.344.9

14-3.5

113.5

46.9

29.117.8

25.85.1

109.069.2

747.0

521.7

285.6

30.7236.9

15.48.1

-5.4

236.1

67.2

25.341.9

-24.1-1.8126.957.1

704.7

447.9

221.7

-19.8241.2

20.5-15.8

-4.4

226.2

48.7

16.132.6

15.616.393.982.3

909.9

563.3

370.2

57.9221.4107.9

-14.2-2.8

193.1

86.8

5.781.2

71.7-3.5117.074.5

675.5

435.8

182.5

-11.8196.4

-12.110.8-.9

253.4

44.0

28.915.2

67.8-12.1

68.571.4

760.4

360.7

193.6

63.7130.520.4

-13.3-7.8

167.1

75.3

-7.382.6

49.750.9

166.257.7

742.2

425.1

204.3

116.4115.4

-21.2-3.5-2.8

220.9

130.2

40.589.7

20.7-71.7137.4100.5


335


TABLE B-70.—Mortgage debt outstanding by type of property and of financing, 1939-85


End of yearor quarter

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

1975197619771978 .1979

19801981198219831984

1983- 1||I I IIV

1984- 1I II l lIV

1985- 1II ..I l l

Allproper-

ties

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

207.5228.0251.4278.5305.9

333.3356.5381.2410.9441.4

473.5524.0597.1672.3732.3

791.7878.5

1,009.81,161.91,327.3

1,457.51,564.01,631.31,811.42,022.5

1,659.71,703.91,759.01,811.4

1,855.91,917.21,972.82,022.5

2,068.32,126.92,183.9

Farmproper-

ties

6.6

6.56.46.05.44.9

4.84.95.15.35.6

6.16.77.27.78.2

9.09.8

10.411.112.1

12.813.915.216.818.9

21.223.125.127.429.2

30.332.235.139.544.7

49.755.363.571.685.6

95.8105.8110.0112.6111.6

110.3111.3112.1112.6

112.4112.6112.7111.6

111.5110.8109.0

Nonfarm properties

Total

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

443.2491.8562.0632.8687.5

742.0823.2946.4

1,090.21,241.7

1,361.81,458.21,521.21,698.81,910.9

1,549.41,592.61,646.81,698.8

1,743.61,804.61,860.11,910.9

1,956.82,016.12,074.9

1- to 4-familyhouses

16.3

17.418.418.217.817.9

18.623.028.233.337.6

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

297.4325.9366.5407.9440.7

482.1546.3642.7753.5870.5

963.91,038.51,074.71,192.81,329.6

1,093.21,120.91,158.21,192.8

1,223.41,261.81,296.51,329.6

1,360.31,402.01,443.7

Multi-familyproper-

ties

5.6

5.75.95.85.85.6

5.76.16.67.58.6

10.111.512.312.913.5

14.314.915.316.818.7

20.323.025.829.033.6

37.240.343.947.352.2

60.170.182.893.1

100.0

100.6105.7114.0124.9134.9

142.3142.1145.8156.7170.5

146.6149.8153.5156.7

160.3165.4167.9170.5

175.5178.5181.5

Com-mercialproper-ties1

7.0

6.97.06.76.36.2

6.47.79.1

10.210.8

11.512.513.414.516.3

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

159.3171.2189.7211.8236.3

255.5277.5300.8349.2410.7

309.6322.0335.1349.2

359.9377.5395.7410.7

421.0435.7449.8

Nonfarm properties by type of mortgage

Government underwritten

Total2

1.8

2.33.03.74.14.2

4.36.39.8

13.617.1

22.126.629.332.136.2

42.947.851.655.259.3

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

225.1238.9248.9279.8294.8

252.5261.1273.7279.8

286.8290.5292.9294.8

299.7305.4323.8

1- to 4-family houses

Total

1.8

2.33.03.74.14.2

4.36.19.3

12.515.0

18.822.925.428.132.1

38.943.947.250.153.8

56.459.162.265.969.2

73.176.179.984.490.2

97.3105.2113.0116.2121.3

127.7133.5141.6153.4172.9

195.2207.6217.9248.8265.9

222.1230.0241.7248.8

255.9260.5263.6265.9

270.6276.0282.6

FHAinsured

1.8

2.33.03.74.14.2

4.13.73.85.36.9

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

66.166.568.071.481.0

93.6101.3108.0127.4136.7

110.8115.8123.8127.4

131.1133.6135.6136.7

139.8144.3148.3

VAguar-

anteed

0.22.45.57.28.1

10.313.214.616.119.3

24.628.430.730.430.0

29.729.629.930.930.9

31.131.332.533.835.7

37.339.544.750.056.2

61.667.073.682.092.0

101.6106.2109.9121.4129.1

111.3114.3117.9121.4

124.8126.9128.0129.1

130.8131.6134.3

Conventional 3

Total

27.1

27.728.227.125.825.5

26.530.634.137.340.0

44.749.154.961.569.3

78.086.894.6

105.5119.4

132.3148.5166.9188.2209.8

231.0249.3267.9290.1312.0

333.9371.1430.9497.7547.3

595.0669.0784.6913.9

1,042.7

1,136.71,219.31,272.41,419.01,616.0

1,296.91,331.51,373.21,419.0

1,456.81,514.21,567.31,616.0

1,657.11,71071,751.1

1- to 4-familyhouses

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

200.2220.7253.5291.7319.4

354.3412.8501.0600.2697.6

768.8830.9856.8944.0

1,063.7

871.1890.8916.5944.0

967.51,001.31,032.91,063.7

1,089.71,126.01,161.0

.1 Includes negligible amount of farm loans held by savings and loan associations.2 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.

336


TABLE B-71.—Mortgage debt outstanding by holder, 1939-85


End of yearor quarter

1939

19401941194219431944

1945194619471948 ...1949

19501951195219531954

195519561957 . ...19581959

I9601961196219631964

19651966196719681969

197019711972 ..19731974

19751976197719781979

19801981 . .198219831984

1983: 1||I I IIV

1984: 1||I I IIV

1985: 1||I I I

Total

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

207.5228.0251.4278.5305.9

333.3356.5381.2410.9441.4

473.5524.0597.1672.3732.3

791.7878.5

1,009.81,161.91,327.3

1,457.51,564.01,631.31,811.42.022.5

1,659.71,703.91,759.01,811.4

1,855.91,917.21,972.82,022.5

2,068.32,126.92,183.9

Major financial institutions

Total

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

996.81,040.51,021.31,108.21,241.2

1,026.31,045.71,077.51,108.2

1,133.61,177.31,214.71,241.2

1,261.91,292.41,321.2

Savingsand loanassocia-

tions

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

503.2518.5483.6494.8555.3

477.4475.2483.3494.8

503.5528.2550.1555.3

559.3569.3575.6

Savingsbanks

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

99.9100.094.5

131.9154.4

101.6114.7125.5 .131.9

139.1143.4146.1154.4

161.0165.7173.5

Commer-cial

banks1

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

262.7284.2301.3330.5374.8

303.9311.1321.2330.5

339.7352.3363.2374.8

383.4396.0408.2

Lifeinsur-ancecom-

panies

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

131.1137.7142.0151.0156.7

143.3144.7147.4151.0

151.3153.5155.4156.7

158.2161.5163.9

Other holders

Federaland

relatedagen-cies2

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

38.346.454.664.882.2

101.1116.7140.5170.6216.0

256.8289.4355.4433.4491.1

375.3395.5415.7433.4

448.4458.9472.3491.1

511.3531.7555.2

Individ-uals andothers

11.9

12.012.211.711.511.5

12.113.815.316.617.5

18.419.320.421.723.2

25.327.129.132.335.1

38.443.146.349.552.7

55.258.261.465.971.2

79.383.492.5

102.2107.5

109.4114.3124.1143.1173.1

203.9234.1254.5269.7290.3

258.1262.6265.8269.7

274.0280.9285.7290.3

295.1302.8307.5

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 (FmHA), and inearlier years Reconstruction Finance Corporation, Homeowners Loan Corporation, and Federal Farm Mortgage Corporation. Also includesU.S.-sponsored agencies such as new FNMA, Federal Land Banks, Federal Home Loan Mortgage Corporation (FHLMC), and mortgagepass-through securities issued or guaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amounts small or current separatedata not readily available) included with "individuals and others."

Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.


TABLE B-72.—Consumer credit outstanding, /930-85

[Amount outstanding (end of month); millions of dollars, seasonally adjusted]

Year and month

December:1950 . .. .195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984

1984- JanFebMarAprMay .June

JulyAugSeptOctNov....Dec

1985- JanFebMarAprMay .June

JulyAug .SeptOctNov

Totalconsumercredit

25,01826,57631,83035,92837,29344,31948,22451,13651,59559,432

63,92866,56972,83081,57891,279101,726108,227113,628124,915135,431

141,010155,537175,286200,894210,634219,772244,932284,599332,849377,486

369,842392,287412,811471,551566,919

477,437485,001491,615500,241511,891521,172

529,505537,591543,148550,624557,867566,919

575,873586,842597,235607,308618,555625,254

633,980641,634654,377662,417667,870

Installment credit '

Total

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

296,290312,907328,275376,006452,372

381,273387,461393,389400,182409,275416,357

422,838428,860433,842439,473445,553452,372

459,595468,636476,978485,248494,290499,517

505,764511,490523,021531,146536,029

Automobile

6,0355,9817,6519,7029,75513,48514,49915,49314,26716,641

18,10817,65620,00122,89125,86529,37831,02431,13634,35236,946

36,34840,52247,83553,74054,24157,27967,79882,890101,863116,523

112,134119,796124,938142,497172,461

145,451147,885148,933151,273154,914157,639

160,726163,208164,721167,225169,774172,461

175,348178,546181,937185,425189,217191,903

194,268196,474203,678207,332208,417

Revolving 2

2,0223,563

4,9008,2529,39111,31813,23214,46716,50536,42745,00453,174

54,90060,30965,01976,45394,940

76,99878,06981,02982,88085,51886,874

87,64688,90990,39391,88193,49594,940

96,89799,424102,055104,181106,610106,537

107,393108,329110,303112,345115,201

Mobile home 3

2,4337,1719,46813,50514,58214,38214,53014,89715,19916,843

18,78319,89022,49123,77324,552

23,79923,74523,76823,91124,04924,240

24,57424,79124,91824,52624,43524,552

24,39324,67524,66424,88225,06825,264

25,58825,78725,95526,13326,129

Other

9,1319,87812,47014,16814,71516,32418,16119,42120,46923,780

26,22727,78230,37434,16538,80943,43647,13850,64753,73858,872

60,22460,48964,56474,34780,14883,25991,89292,432107,326120,575

110,473112,912115,827133,283160,419

135,025137,762139,660142,118144,794147,604

149,892151,952153,810155,841157,849160,419

162,957165,991168,322170,760173,395175,813

178,515180,900183,085185,336186,282

Noninstallmentcredit 4

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

73,55279,38084,53695,545114,547

96,16497,54098,226100,059102,616104,815

106,667108,731109,306111,151112,314114,547

116,278118,206120,257122,060124,265125,737

128,216130,144131,356131,271131,841

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.

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 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.

Source-. Board of Governors of the Federal Reserve System.


GOVERNMENT FINANCETABLE B-73.—Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years 1929-87

[Billions of dollars; fiscal years]

Fiscal yearor period

192919331939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

196519661967 ....19681969

19701971197219731974

19751976Transition

quarter ...197719781979

19801981198Z19831984

19851986 2

1987 2

Total

Re-ceipts

3.9206.3

6.587

14.624043.7

45.239338.541.639.4

39.451.666.269.669.7

65.574.680.079.679.2

92.594.499.7

106.6112.6

116.8130.8148.8153.0186.9

192.81871207.3230.8263.2

279.1298.1

81.2355.6399.6463.3

517.1599.3617.8600.6666.5

734.1777.1850.4

Outlays

3.1469.1

9.513735.178691.3

92.755234.529.838.8

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

195.62102230.7245.7269.4

332.3371.8

96.0409.2458.7503.5

590.9678.2745.7808.3851.8

946.3979.9994.0

Surplusor

deficit(-)

0.7-26-2.8

-2.9-49

-20.5-546-47.6

-47.6-159

4.011.8

.6

-3.16.1

-1.5-6.5-1.2

-3.03.93.4

-2.8-12.8

.3-3.3-7.1-4.8-5.9

-1.4-3.7-8.6

-25.23.2

-2.8-230-23.4-14.9-6.1

-53.2-73.7

-14.7-53.6-59.2-40.2

-73.8-78.9

-127.9-207.8-185.3

-212.3-202.8-143.6

On-budget

Re-ceipts

5.8

6.080

13.722942.5

43.838137.139.937.7

37.348.562.665.565.1

60.468.273.271.671.0

81.982.387.492.496.2

100.1111.7124.4128.1157.9

159.31513167.4184.7209.3

216.6231.7

63.2278.7314.2365.3

403.9469.1474.3453.2500.4

547.9579.2636.1

Outlays

9.2

9.513635.178591.2

92.655034.229.438.4

42.044.266.073.867.9

64.565.770.674.983.1

81.386.093.396.4

102.8

101.7114.8137.0155.8158.4

168.01773193.8200.1217.3

271.9302.2

76.6328.5369.1403.5

476.6543.0594.3661.2686.0

769.5795.2795.4

Surplusor

deficit(-)

-3.4

-3.5-56

-21.3-556-48.7

-48.7-170

2.910.5-.7

-4.74.3

-3.4-8.3-2.8

-4.12.52.6

-3.3-12.1

.5-3.8-5.9-4.0-6.5

-1.6-3.1

-12.6-27.7

-.5

-8.7-261-26.4-15.4-8.0

-55.3-70.5

-13.3-49.7-54.9-38.2

-72.7-73.9

-120.0-208.0-185.6

-221.6-216.0-159.3

Off-budget

Re-ceipts

0.5

.67

.91 11.3

1.3121.51.61.7

2.13.13.64.14.6

5.16.46.88.08.3

10.612.112.314.216.4

16.719.124.424.929.0

33.535.839.946.153.9

62.566.4

18.076.885.498.0

113.2130.2143.5147.3166.1

186.2197.9214.3

Outlays

0.0

.00.11

.1

.1

.2

.3

.4

.4

.51.31.72.32.9

4.05.06.07.59.0

10.911.713.515.015.7

16.519.720.422.325.2

27.632.836.945.652.1

60.469.6

19.480.789.7

100.0

114.3135.2151.4147.1165.8

176.8184.7198.6

Surplusor

deficit(-)

0.5

.67.8

101.2

1.2101.21.21.3

1.61.81.91.81.7

1.11.5.8.5

-.7

-.2.4

-1.3-.8

.6

.2-.64.02.63.7

5.93.03.1

.51.8

2.0-3.2

-1.4-3.9-4.3-2.0

-1.1-5.0-7.9

.2

.3

9.413.215.7

Gross Federal debt(end of period)

Total

1 16.91 225

48.2

50.757579.2

1426204.1

260.12710257.1252.0252.6

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

544.1631.9

646.4709.1780.4833.8

914.31,003.91,147.01,381.91,576.7

1,827.52,112.02,320.6

Held bythe

public

41.4

42.848267.8

1278184.8

235.22419224.3216.3214.3

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

396.9480.3

498.3551.8610.9644.6

715.1794.4929.4

1,141.81,312.6

1,509.91,714.01,855.7

Adden-dum:Gross

nationalproduct

95.81130142.21758202.0

212.42129225.0248.5264.1

266.9314.7342.7365.1369.4

387.6418.0441.2449.8479.5

507.7519.0556.6588.6629.4

673.6740.5793.5852.4929.5

990.51,057.11,151.21,285.51,417.0

1,523.51,699.6

448.71,935.82,173.42,452.2

2,667.62,986.23,141.53,320.93,695.3

3,936.84,192.24,538.1

1 Not strictly comparable with later data.2 Estimates.

N0te.—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.

Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, FY 1987" for additional information.

Sources: Department of the Treasury, Office of Management and Budget, and Department of Commerce (Bureau of EconomicAnalysis).


TABLE B-74.—Federal receipts, outlays, and debt, fiscal years 1978-87

[Mil l ions of dollars; f iscal years]

RECEIPTS AND OUTLAYS:

Total receiptsTotal outlays

Total surplus or deficit ( — )

On-budget receiptsOn-budget outlays

On-budget surplus or deficit ( )

Off-budget receipts...Off-budget outlays

Off-budget surplus or deficit ( — )

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agenciesHeld by the public

Federal Reserve SystemOther

RECEIPTS: ON-BUDGET AND OFF-BUDGET

Individual income taxesCorporation income taxesSocial insurance taxes and contributions

On-budgetOff-budget

Excise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by Federal Reserve SystemAll other

OUTLAYS- ON-BUDGET AND OFF-BUDGET

National defenseInternationa! affairsGeneral science space and technologyEnergyNatural resources and environmentAgricultureCommerce and housing creditTransportationCommunity and regional development .Education, training, employment, and social servicesHealthMedicareIncome securitySocial security

On-budgetOff-budget

Veterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interest

On-budgetOff-budget

AllowancesUndistributed offsetting receipts

On-budgetOff-budget

1978

399,561458 729

-59,168

314,169369 072

54 902

85,39189657

-4,266

780 425

169 477610,948

115,480495,468

399,561

180,98859952

120,967

3557685,391

18,37652856,573

6,641778

458 729

104,495748249267,992

10,983113576,254

15,5211184126,71018,5242276861 48893861

74193,120

18,97838103,5768,442

35,441

37,843-2403

-15,720

14660-1060

1979

463,302503 464

-40,162

365,309403 486

38 178

97,99499978

-1,984

833 751

189 162644,589

115,594528,995

463,302

217,84165677

138,939

4094597,994

18,74554117,439

8,327925

503 464

116,342745952359,180

12,135112364,686

17,5321048030,22320,4942649566359

104 073

757103,316

19,93141693,9288,369

42,615

44,839-2224

-17,476

16362-1 114

Actual

1980

517,112590 920

-73,808

403,903476 591

72 689

113,209114329

-1,120

914317

199212715,105

120,846594,259

517,112

244,06964600

157,803

44594113,209

24,32963897,174

11,767981

590 920

133,995127145832

10,15613,85888399,390

21,3291125231,84323,1693209086540

118547

675117,872

21,18545824,4488,582

52,512

54,851-2339

- 19,942

18738-1,204

1981

599,272678 209

-78,936

469,097543 013

73 9}5

130,176135 196

-5,020

1 003 941

209 507794,434

124,466669,968

599,272

285,91761 137

182,720

52545130,176

40,83967878,083

12,834956

678 209

157,51313,1046469

15,16613,568113238,206

23,37910,56833,70926,86639,14999723

139,584

670138,914

22,99147624,5826,854

68,734

71,022-2288

-28,041

26611-1,430

1982

617,766745 706

-127,940

474,299594 302

120 003

143,467151 404

-7,937

1 146 987

217 560929,427

134,497794,930

617,766

297,74449207

201,498

58,031143,467

36,3117,9918,854

15,186975

745,706

185,30912,3007,200

13,52712,99815,9446,256

20,6258,347

27,02927,44546,567

107717155,964

844155,120

23,9584,7034,5326,390

84,995

87,065-2,071

-26,099

-24453-1,646



TABLE B-74.—Federal receipts, outlays, and debt, fiscal years 1978-87—Continued

[Millions of dollars; fiscal years]

Description

RECEIPTS AND OUTLAYS:

Total receiptsTotal outlays

Total surplus or deficit ( — )

On-budget receiptsOn-budget outlays

On-budget surplus or deficit ( — )

Off-budget receiptsOff-budget outlays

Off-budget surplus or deficit (-)

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agenciesHeld by the public

Federal Reserve SystemOther

RECEIPTS- ON-BUDGET AND OFF-BUDGET

Individual income taxesCorporation income taxesSocial insurance taxes and contributions

On-budgetOff-budget

Excise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by Federal Reserve SystemAll other

OUTLAYS- ON-BUDGET AND OFF-BUDGET

National defense .International affairs.General science, space, and technology.Energy...Natural resources and environment.Agriculture.Commerce and housing credit,Transportation.Community and regional development.Education, training, employment, and social services .Health...MedicareIncome security.Social security.

On-budget..Off-budget .

Veterans benefits and services.Administration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interest.

On-budget.Off-budget .

Allowances.Undistributed offsetting receipts.

On-budget.Off-budget .

Actual

1983

600,562808,327

-207,764

453,242661,219

-207,977

147,320147,108

212

1,381,886

240,1161,141,770

155,527986,243

600,562

288,93837,022

208,994

61,674147,320

35,3006,0538,655

14,4921,108

808,327

209,90311,8487,9359,353

12,67222,9016,681

21,3347,560

26,60628,64152,588

122,598170,724

19,993150,731

24,8465,0994,7896,452

89,774

91,619-1,845

-33,976

-32,198-1,778

1984

666,457851,781

-185,324

500,382685,968

-185,586

166,075165,813

262

1,576,748

264,1591,312,589

155,1221,157,467

666,457

298,41556,893

239,376

73,301166,075

37,3616,010

11,370

15,6841,347

851,781

227,41315,8768,3177,086

12,59313,6136,917

23,6697,673

27,57930,41757,540

112,668178,223

7,056171,167

25,6145,6605,0536,768

111,058

114,368-3,310

-31,957

-29,913-2,044

1985

734,057946,323

-212,266

547,886769,515

-221,629

186,170176,807

9,363

1,827,470

317,6121,509,857

169,8061,340,051

734,057

334,53161,331

265,163

78,992186,171

35,9926,422

12,079

17,0591,480

946,323

252,74816,1768,6275,685

13,35725,565

4,22925,838

7,68029,34233,54265,822

128,200188,623

5,189183,434

26,3526,2775,2286,353

129,436

133,554-4,118

-32,759

-30,250-2,509

Estimates

1986

777,139979,928

-202,789

579,201795,185

-215,984

197,938184,743

13,195

2,112,011

398,0031,714,008

777,139

353,73870,865

280,438

82,500197,938

34,6286,073

12,404

16,5322,461

979,928

265,82717,1418,8994,433

12,90525,871

3,80227,106

7,92230,67135,66968,661

118,093200,053

8,050192,004

26,6196,7886,2706,236

142,740

147,158-4,418

-35,776

-32,933-2,843

1987

850.372994,002

-143,630

636,097795,386

-159,288

214,275198,617

15,658

2,320,630

464,9421,855,688

850,372

385,98486,729

302,804

88,529214,275

35,2035,661

12,937

16,5604,494

994,002

282,23818,6199,1884,017

11,95819,541

1,35925,503

6,52527,44734,99770,234

118,374212,213

5,702206,510

26,4206,9486,0601,739

147,996

152,713-4,716

754-38,128

-34,951-3,177

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.

Refunds of receipts are excluded from receipts and outlays.

See "Budget of the United States Government, Fiscal Year 1987" for additional information.

Sources: Department of the Treasury and Office of Management and Budget.

341


TABLE B-75.—Relation of Federal Government receipts and expenditures in the national income andproduct accounts to the budget, fiscal years 1985-87

[Billions of dollars; fiscal years]

Receipts and expenditures

RECEIPTS

Total on-budget and off-budcet receipts

Government contributions for employee retirement (grossing)Other netting and grossingTiming adjustmentsGeographic exclusions

Federal sector national income and product accounts receipts

EXPENDITURES

Total on-budget and off-budget outlays

Lending and financial transactionsGovernment contributions for employee retirement (grossing)

Defense timing adjustmentBonuses on Outer Continental Shelf land leasesGeographic exclusionsOther

Federal sector, national income and product accounts, expenditures

1985

734.1

32.414.6

-6.4-1.9

0.3

773.1

946.3

-25.332.414.61.32.0

-5.3-2.8

963.2

Estimate

1986

777.1

33.913.71.3

-1.90.1

824.2

979.9

-10.533.913.73.51.9

-5.4-1.1

1,015.9

1987

850.4

36.017.43.2

-1.90.1

905.2

994.0

-6.336.017.47.01.6

-5.4-0.6

1,043.7

Note.—See Note, Table B-73.See Special Analysis B, "Special Analyses, Budget of the United States Government, Fiscal Year 1987" for description of these

categories.

Sources-. Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management andBudget.

342


TABLE B-76.—Federal and State and local government receipts and expenditures, national income andproduct accounts, 1929-85


Calendar year or quarter

19291933.1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985 " .

1982 1III I IIV

1983: 1||I l lIV

1984: I||HIIV

1985: I||II IIV

Total government

Receipts

1139.4

15.4

17.825.032.749.251.253.452.657.859.656.6

69.485.690.595.090.4

101.6110.2116.7115.7130.3

140.4145.9157.9169.8175.6190.2214.4230.8266.2300.1

306.8327.3374.0419.6463.1480.0549.1616.6694.4779.8

855.1977.2

1,000.81,059.61,171.31,262.2

991.11,003.11,000.71,008.4

1,017.41,061.31,069.2l',090!e

1,143.61 16631,176.31,198.9

1,254.41,227.31,271.8

Expendi-tures

10310.717.6

18.528.864.193.4

103.192.947.243.451.160.0

61.479.594.3

102.097.598.5

105.0115.8128.3131.9

137.3150.1161.6169.1177.8189.6215.6245.0272.2290.2

317.4346.8377.3411.7467.4544.9587.5635.7694.8768.3

889.61,006.91,111.61,190.41,279.81,401.2

1,067.01,080.81,123.21,175.3

1,167.41,185.11 19621,212.8

1,237.41,263.61,292.31,325.7

1,353.91,379.21,416.314556

Surplus ordeficit(-),

nationalincome

andproduct

accounts

1 0-1.4-2.2

_ 7-3^8

-31.4-44.2-51.8-39.5

5.414.48.4

-3.4

8.06.1

-3.8-7.0-7.1

3.15.2

.9-12.6-1.6

3.1-4.3-3.8

.7-2.3

.5-1.3

-14.2-6.0

9.9

-10.6-19.5-3.4

7.9-4.3

-64.9-38.4-19.1

-.411.5

-34.5-29.7

-110.8-130.8-108.5-139.0

-76.0-77.7

-122.5166.8

-150.0-123.8

1270122.2

-93.897.3

116.0-126.8

-99.4151.9144.5

Federal Government

Receipts

382.76.8

8.715.523.039.341.142.740.744.143.939.4

50.464.667.770.464.273.178.582.579.390.6

96.999.0

107.2115.6116.2125.8143.5152.6176.9199.7

195.4202.7232.2263.7293.9294.9340.1384.1441.4505.0

553.8639.5635.3658.1725.1785.7

636.7641.1630.3633.1

636.3665.26597671.1

709.4721.8727.1742.1

789.7754.9790.7

Expendi-tures

2 74^09.0

10.020.556.185.995.684.737.230.835.542.0

41.258.171.477.670.368.672.580.289.691.7

93.9102.9111.4115.3119.5125.3145.3165.8182.9191.3

207.8224.8249.0269.3305.5364.2393.7430.1470.7521.1

615.1703.3781.2837.5898.0983.0

745.9754.0789.1835.7

824.2835.88394850.6

867.2884.9905.2934.7

952.4964.0992.0

1,023.4


nationalincome

andproduct

accounts

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

.5-1.8

-13.2-6.0

8.4

-12.4-22.0-16.8-5.6

-11.6-69.4-53.5-46.0-29.3-16.1

-61.3-63.8

-145.9-179.4-172.9-197.3

-109.2-112.9-158.8

202.6

-187.9-170.6

1797-179.5

-157.8-163.0-178.1

192.7

-162.6-209.1-201.3

State and localgovernment

Receipts

767^29.6

10.010.410.610.911.111.613.015.417.719.5

21.323.425.427.429.031.735.038.542.046.6

50.054.158.663.469.875.585.294.1

107.9120.8

135.8153.6179.3196.4213.1239.6270.1300.1330.3355.3

390.0425.6449.4487.7539.8575.4

437.2446.8453.7459.8

466.9481.84966505.7

525.5537.4542.2554.1

560.5570.0581.8

Expendi-tures

78l.l9.6

9.39.18.88.48.59.0

11.114.417.620.2

22.523.925.527.330.232.935.939.844.447.0

49.954.558.262.968.875.584.795.2

107.8119.3

134.0151.0165.8182.9205.9235.2254.9273.2301.3327.7

363.2391.4414.3439.1475.4517.1

404.0411.5417.4424.1

429.0435.14439448.5

461.5471.7480.1488.3

497.2512.7524.9533.6


nationalincome

andproduct

accounts

02-.1

.0

.61.31.82.42.72.61.91.0.1

-.7

-1.2-.4-.0

.1-1.1-1.3-.9

-1.4-2.4-.4

.1-.4

.5

.51.0

-.0.5

-1.1.1

1.5

1.82.6

13.513.57.24.5

15.226.928.927.6

26.834.135.148.664.458.3

33.235.236.335.8

37.946.852757.2

64.065.762.165.8

63.257.356.9

Note.—Federal grants-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 eliminate this duplication.


343


TABLE B-77.—Federal and State and local government receipts and expenditures, national income and

product accounts, by major type, 1929-85


Year or quarter

19291933193919401941194219431944194519461947194819491950195119521953195419551956 .195719581959196019611962. . .1963196419651966196719681969197019711972197319741975197619771978197919801981 . .1982198319841985 p

1982- 1 . . .III l lIV

1983:1||I I IIV

1984:1||II IIV

1985- 1III l lIV P.

Receipts

Total

11.39.4

15.417.825.032.749.251.253.452.657.859.656.669.485.690.595.090.4

101.6110.2116.7115.7130.3140.4145.9157.9169.8175.6190.2214.4230.8266.2300.1306.8327.3374.0419.6463.1480.0549.1616.6694.4779.8855.1977.2

1,000.81,059.61,171.31,262.2

991.11,003.11,000.71,008.41,017.41,061.31,069.21,090.61,143.61,166.31,176.31,198.91,254.41,227.31,271.81,295.2

Per-sonaltaxand

nontaxre-

ceipts

2.61.42.42.63.35.9

17.818.920.818.721.421.018.520.628.934.035.532.535.439.742.442.246.150.552.257.060.558.865.274.982.497.7

116.3116.2117.3142.0152.0171.8170.6198.7228.1261.1304.7340.5393.3409.3411.1441.8493.1407.1414.1405.0411.1407.4418.0404.4414.4423.6433.6447.5462.4501.7462.4498.2510.1

Corpo-rate

profitstax ac-cruals

1.4.5

1.42.87.6

11.414.112.910.79.1

11.312.410.217.922.619.420.317.622.022.021.419.023.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.175.293.685.764.264.064.359.858.973.884.184.099.1

100.687.487.483.482.387.489.8

In-directbusi-nesstaxandnon-taxac-

cruals

7.17.19.4

10.111.311.812.814.215.517.118.420.121.323.425.327.729.729.632.235.037.438.641.745.348.051.554.658.762.565.270.178.786.394.0

103.4111.1120.8129.0140.0151.7165.7178.1189.4213.3251.5258.8282.5310.6328.5254.5256.2260.1264.5267.0281.1288.3293.7302.4308.8314.0317.4321.3329.8329.8333.0

Contri-butions

forsocialinsur-ance

0.3

2.22.42.83.54.65.26.37.76.76.06.67.48.89.39.6

10.612.013.515.515.918.821.922.925.428.530.131.640.645.550.457.962.268.979.097.6

110.5118.5134.5149.8171.7197.8216.5251.2269.6290.8325.2354.9265.2268.7271.3273.0284.1288.3292.4298.5318.6323.2327.4331.7348.0352.9356.4362.3

Expenditures

Total »

10.310.717.618.528.864.093.3

103.192.947.243.451.160.061.479.594.3

102.097.598.5

105.0115.8128.3131.9137.3150.1161.6169.1177.8189.6215.6245.0272.2290.2317.4346.8377.3411.7467.4544.9587.5635.7694.8768.3889.6

1,006.91,111.61,190.41,279.81,401.21,067.01,080.81,123.21,175.31,167.41,185.11,196.21,212.81,237.41,263.61,292.31,325.71,353.91,379.21,416.31,455.6

Pur-chases

ofgoodsandserv-ices

8.98.3

13.614.225.059.888.997.183.029.126.432.639.038.860.475.882.876.075.379.787.395.497.9

100.6108.4118.2123.8130.0138.6158.6179.7197.7207.3218.2232.4250.0266.5299.1335.0356.9387.3425.2467.8530.3588.1641.7675.7736.8814.6622.1625.7647.1671.8669.3673.8681.1678.6696.5735.1747.3768.4777.2794.8832.5853.7

Trans-fer

pay-ments

1.01.52.62.72.62.72.43.06.0

13.113.114.516.918.014.814.315.117.118.519.422.226.527.629.433.734.836.838.341.346.054.762.969.784.199.8

111.3127.0150.9189.6207.2221.6239.5268.0319.2362.2404.0435.1448.1478.5382.7393.1410.4429.7428.5436.8434.0441.0441.9444.7449.3456.5470.2474.4483.2486.0

Net interest paid

Total

0.71.01.11.21.21.41.92.43.24.14.24.24.34.44.54.54.64.74.75.25.65.46.36.96.46.97.47.98.18.58.9

10.311.512.412.512.915.216.518.823.225.128.230.836.352.260.168.188.4

102.757.959.361.961.462.165.170.574.680.383.392.497.799.9

103.8100.9106.1

Inter-estpaid

10.19.9

10.811.612.513.214.515.718.119.822.323.124.829.633.637.743.647.956.568.283.2

109.1128.3145.1173.9193.8122.0126.3131.5133.2136.1140.8148.7155.0162.7168.4178.8185.7188.6193.1194.1199.3

Less:Inter-

est re-ceived

bygovern-

ment

3.33.53.94,24.65.16.06.87.78.39.9

10.611.914.317.118.920.422.828.337.546.956.968.177.185.491.164.167.069.671.874.075.878.180.482.485.186.388.088.689.393.293.2

Less:Divi-

dendsre-

ceivedby

govern-ment

bT.2.2.3.3.5.9.9.9

1.31.72.01.92.32.92.83.54.72.82.93.03.12.82.72.72.93.23.43.63.84.14.54.85.2

Subsi-dieslesscur-rentsur-

plus ofgovern-mententer-prises

-0.2.0.4.4.1.1.1.6

!9_ 2-!i-.3

.1-.1-.3_ 5-'.3

.0

.7

.71.1.1.4

1.71.81.11.71.62.51.61.41.92.92.63.73.51.22.41.03.03.93.55.76.78.7

13.910.19.96.95.66.7

15.410.310.813.021.522.04.06.97.4

10.79.54.4

14.9

Surplusor

deficit(-),

na-tional

incomeand

prod-uct ac-counts

1.014

-2.2-.738

-31.4-44.1-51.8-39.5

5.414.48.4

-3.48.06.138

-7.0-7.1

3.15.2

.9-12.6

1.63.1

-4.3-3.8

.7-2.3

-U-14.2-6.0

9.9-10.6-19.5-3.4

7.9-4.3

-64.9-38.4-19.1

-.411.5

-34.5-29.7

-110.8-130.8-108.5-139.0-76.0-77.7122.5

-166.8-150.0-123.8-127.0-122.2-93.8-97.3

-116.0-126.8-99.4

-151.9-144.5-160.4

Adden-dum:

Grants-in-aid

toStateandlocal

govern-ments

0.1

LO.9.8.9.9.9.9

1.11.72.02.22.32.52.62.82.93.13.34.25.66.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.986.293.698.982.984.783.384.585.885.887.186.291.393.093.097.395.797.6

100.6101.5

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.

344


TABLE B-78.—Federal Government receipts and expenditures, national income and product accounts,

1964-87


Year orquarter

Fiscal: 2196419651966196719681969197019711972197319741975.. .19761977197819791980198119821983198419851986 3

1987 3

Calendar:1964196519661967196819691970197119721973197419751976197719781979198019811982198319841985"

1983:1I II l lIV

1984- 1III I IIV

1985- 1I II l lIV *

Receipts

Total

116.8121.4134.0148.1162.1192.5198.0196.2217.9245.3277.2290.5322.6374.7424.3491.2538.6623.8643.3644.6710.1773.1823.2905.2

116.2125.8143.5152.6176.9199.7195.4202.7232.2263.7293.9294.9340.1384.1441.4505.0553.8639.5635.3658.1725.1785.7

636.3665.2659.7671.1

709.4721.8727.1742.1

789.7754.9790.7

Personaltax andnontaxreceipts

50.751.457.564.471.490.294.087.9

100.5107.5122.7127.5137.1165.9186.5222.9250.7289.6310.0292.9304.0345.2360.1392.1

48.653.961.767.579.795.192.690.3

108.2114.7131.3125.9147.3169.8194.9231.0257.9298.9304.5295.0311.3351.1

297.1304.2286.2292.5

297.8303.9315.7327.8

363.9321.3355.4363.8

Corpo-rate

profitstax

accruals

25.727.130.830.333.136.832.931.934.240.943.442.152.159.067.875.770.269.452.154.573.667.684.8

104.1

26.128.931.430.036.136.130.633.536.643.345.143.654.661.671.474.470.365.749.059.374.467.6

46.558.266.466.1

78.980.169.469.2

65.965.068.9

Indirectbusinesstax andnontax

accruals

15.516.815.415.717.018.619.120.019.820.621.322.124.224.527.129.035.353.450.050.254.956.455.860.7

16.116.415.516.217.918.919.220.319.921.121.623.823.325.028.029.338.856.248.151.655.857.0

46.352.853.753.6

54.655.856.756.2

55.560.255.457.0

Contri-butions

forsocialinsur-ance

25.026.030.237.740.646.952.056.563.476.389.898.8

109.1125.4142.9163.6182.3211.4231.1247.0277.6304.0322.5348.3

25.426.634.938.943.249.652.958.767.584.695.9

101.6115.0127.7147.0170.3186.8218.8233.7252.2283.6309.9

246.5250.1253.4258.8

278.1282.0285.4288.9

304.4308.4311.0315.9

Expenditures

Total !

118.4119.9134.3156.7174.4187.3198.7216.8237.1260.4283.9335.7378.9419.6459.9506.4589.0682.4755.9833.5875.6963.2

1,015.91,043.7

119.5125.3145.3165.8182.9191.3207.8224.8249.0269.3305.5364.2393.7430.1470.7521.1615.1703.3781.2837.5898.0983.0

824.2835.8839.4850.6

867.2884.9905.2934.7

952.4964.0992.0

1,023.4

Purchagoods

serv

Total

67.065.873.987.697.0

100.399.898.3

104.4105.3109.3123.9132.2146.8158.6173.1199.9231.8264.4288.2299.5342.2358.6372.7

66.468.780.492.7

100.1100.098.899.8

105.8106.4116.2129.2136.3151.1161.8178.02081242.2272.7284.8312.9353.9

287.1287.0286.0279.2

285.6314.8318.5332.9

334.4337.8364.8378.6

ses ofand

Nationaldefense

51.549.455.768.877.078.578.275.776.277.178.886.391.599.2

106.3117.7137.2160.7187.3211.3230.8255.7269.9289.4

50.451.062.073.479.178.976.874.177.477.582.689.693.4

100.9108.9121.9142.7167.5193.8215.7237.0262.0

209.4214.5215.8222.9

228.3235.8236.2247.5

249.5256.0269.9272.5

Transferpayments

Topersons

27.428.431.837.242.948.955.368.176.587.6

102.3131.9154.3167.1179.3198.5235.4274.6305.6339.7342.3359.9378.4393,8

27.930.333.540.246.250.861.673.080.993.7

115.0146.8159.3170.1182.4205.6247.0282.1316.3340.0344.4366.4

338.2343.6338.2340.1

342.5343.5345.3346.4

362.9364.2368.8369.7

To for-eign-ers

2.32.32.42.32.22.32.22.53.02.83.23.73.74.14.45.15.86.77.27.79.9

13.115.514.1

2.32.32.42.42.32.22.32.72.92.93.64.04.44.24.75.26.56.57.88.5

10.713.3

6.27.28.4

12.2

8.18.3

11.015.5

11.212.514.714.7

Grants-in-aid

toStateandlocalgov-ern-

ments

9.810.912.714.817.819.222.626.832.640.441.648.457.566.374.779.186.790.183.485.790.797.8

102.693.9

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.986.293.698.9

85.885.887.186.2

91.393.093.097.3

95.797.6

100.6101.5

Netinter-est

paid

7.78.28.79.6

10.412.013.514.114.015.719.621.725.128.533.540.750.866.782.290.6

109.7128.7139.8146.1

8.08.49.29.8

11.312.714.113.814.418.020.723.026.829.135.242.553.372.484.694.3

115.5129.0

88.091.196.8

101.2

107.2110.4119.5124.8

126.4130.1127.1132.5

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

4.14.34.85.24.14.75.57.06.59.17.75.96.26.99.79.9

10.412.513.021.223.521.421.023.1

4.54.65.54.74.55.26.56.37.97.85.66.95.88.29.59.2

11.512.316.023.221.121.3

18.819.822.531.6

32.715.118.018.5

21.920.915.926.6

Surplusor

deficit( ),

nationalincome

andproduct

accounts

-1.51.4

-.386

1235.2

_ 7-20.5-19.2-15.2-6.8

-45.3-56.3-44.8-35.6-15.2-50.4-58.5

-112.6-188.9-165.5-190.1-192.7-138.6

-3.3.5

-1.8-13.2-6.0

8.4-12.4-22.0-16.8-5.6

-11.6-69.4-53.5-46.0-29.3-16.1-61.3-63.8

-145.9-179.4-172.9

197.3

-187.9-170.6-179.7-179.5

-157.8-163.0-178.1-192.7

-162.6-209.1-201.3

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 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 fiscal periodknown as the transition quarter.

3 Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.


TABLE B-79.—State and local government receipts and expenditures, national income and product accounts,1946-85


Calendar yearor quarter

19461947194819491950195119521953195419551956195719581959I960196119621963196419651966 ...196719681969197019711972197319741975 .19761977197819791980 . . . .19811982198319841985 »1982- 1

IIillIV

1983- 1||III. ,IV

1984: 1||I I IIV

1985: 1I IIIIIV "

Receipts

Total

13.015.417.719.521.323.425.427.429.031.735.038.542.046.650.054.158.663.469.875.585.294.1

107.9120.8135.8153.6179.3196.4213.1239.6270.1300.1330.3355.3390.0425.6449.4487.7539.8575.4437.2446.8453.7459.8466.9481.8496.6505.7525.5537.4542.2554.1560.5570.0581.8

Personaltax andnontaxreceipts

1.51.72.12.42.52.83.03.23.53.94.55.05.46.26.87.58.49.0

10.211.313.215.018.021.123.627.033.837.340.544.751.558.366.273.782.694.5

104.9116.1130.5142.0101.1103.4106.9108.1110.2113.9118.2121.9125.7129.6131.8134.6137.8141.1142.91463

Corpo-rate

profitstax

accruals

0.5.6.7.6.8.9.8.8.8

1.01.01.01.01.21.21.31.51.71.82.02.22.63.33.63.74.35.36.06.77.39.6

11.412.113.614.515.414.015.919.218.114.414.114.213.412.515.617.717.820.220.518.118.117.517.318.5

Indirectbusinesstax andnontax

accruals

9.310.712.213.314.615.917.418.819.921.623.825.727.229.332.034.437.039.442.646.149.753.960.867.474.883.191.299.6

107.4116.2128.4140.7150.0160.1174.5195.3210.8231.0254.8271.4204.1209.0213.0216.9220.8228.3234.6240.1247.8253.0257.3261.2265.8269.5274.4276.1

Contribu-tions for

socialinsurance

0.6.7.8.9

1.11.41.61.72.02.12.32.62.83.13.43.73.94.24.75.05.76.77.28.39.2

10.211.513.014.616.819.522.124.727.429.732.535.838.641.645.034.735.536.336.937.638.339.039.740.541.242.042.843.644.545.446.3

Federalgrants-in-

aid

1.11.72.02.22.32.52.62.82.93.13.34.25.66.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.986.293.698.982.984.783.384.585.885.887.186.291.393.093.097.395.797.6

100.6101.5

Expenditures

Total '

11.114.417.620.222.523.925.527.330.232.935.939.844.447.049.954.558.262.968.875.584.795.2

107.8119.3134.0151.0165.8182.9205.9235.2254.9273.2301.3327.7363.2391.4414.3439.1475.4517.1404.0411.5417.4424.1429.0435.1443.9448.5461.5471.7480.1488.3497.2512.7524.9533.6

Pur-chases

ofgoods

andservices

9.912.815.318.019.821.823.124.827.730.333.336.940.843.346.150.253.558.163.569.978.287.097.6

107.2119.4132.5144.2160.1182.9205.9220.6236.2263.4289.9322.2345.9369.0390.9423.9460.7359.2366.4371.8378.7382.2386.9395.1399.4410.9420.3428.8435.5442.8457.1467.7475.2

Trans-fer

pay-ments

toper-sons

1.72.33.03.03.63.13.53.63.84.04.24.65.15.65.96.57.07.58.28.8

10.112.114.516.720.124.027.530.432.338.943.647.452.457.265.773.679.986.693.098.876.779.281.482.384.186.087.488.791.492.993.194.796.197.799.7

101.7

Netinterest

paidlessdivi-

dendsreceived

0.2.1.1.1.1.0.0.0.1.1.1.1.1.1.1.1.2.1

-.1-.3-.6-.9

-1.1-1.3-2.0-1.6-1.8

33-5.0-5.1-4.5-5.3-8.7

-13.8-18.9-22.4-27.4-29.0-30.5-31.0-25.3-27.1-28.2-28.9-28.7-28.8-29.0-29.5-30.1-30.4-30.6-30.8-30.6-30.8-31.0-31.6

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

-0.78

-.89g

-1.01 1

-1.2-1.3

15-1.6-1.7-1.7-2.0-2.2-2.3-2.5-2.8-2.8-3.0-3.0-3.1-3.2-3.3-3.6-3.7-4.2-4.3-4.4-4.5-4.8-5.1-5.6-5.7-5.8-5.6-7.3-9.3

-11.0-11.4-6.6-7.1-7.5-8.0-8.5

9.0-9.6

-10.1-10.7-11.0-11.2-11.1-11.2-11.3-11.5

116

Surplusor

deficit(-),

nationalincome

andproduct

accounts

1.91.0.1

12-.4

0.1

-1.113

-.9-1.4-2.4-.4

.1-.4

.5

.51.0

-.0.5

-1.1.1

1.51.82.6

13.513.57.24.5

15.226.928.927.626.834.135.148.664.458.333.235.236.335.837.946.852.757.264.065.762.165.863.257.356.9

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-80.— State and local government revenues and expenditures, selected fiscal years, 1927-84

[Millions of dollars]

Fiscal year 1

1927

1932193419361938

194019421944 . .. .19461948

1950195219531954

19551956195719581959

1960196119621963

1962-631963-641964-65

1965-661966-671967-681968-691969-70

1970-711971-721972-731973-741974-75

1975-761976-771977-781978-791979-801980-811981-821982-831983-84

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

256,176285,157315,960343,278382,322423,404457,654486,878542,847

Propertytaxes

4,730

4,4874,0764,0934,440

4,4304,5374,6044,9866,126

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

57,00162,52766,42264,94468,49974,96982,06789,25396,457

Salesandgrossre-

ceiptstaxes

470

7521,0081,4841,794

1,9822,3512,2892,9864,442

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

54,54760,64167,59674,24779,92785,97193,613100,247114,097

Individ-ual

incometaxes

70

7480153218

224276342422543

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

24,57529,24633,17636,93242,08046,42650,73855,12964,623

Corpo-rationnet

incometaxes

92

7949113165

156272451447592

593846817778

744890984

1,0181,001

1,1801,2661,3081,505

1,5051,6951,929

2,0382,2272,5183,1803,738

3,4244,4165,4256,0156,642

7,2739,17410,73812,12813,32114,14315,02814,25817,047

Revenuefrom

FederalGovern-ment

116

2321,016948800

945858954855

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

55,58962,44469,59275,16483,02990,29487,28289,98397,052

Allother3

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

57,19161,12468,43679,86495,466111,599128,926138,009153,570

General expenditures by function 2

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

256,731274,215296,983327,517369,086407,449436,896466,421505,006

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

97,216102,780110,758119,448133,211145,784154,282163,876176,108

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

23,90723,05824,60928,44033,31134,60334,52036,65539,516

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

32,60435,90639,14041,89847,28854,12157,99660,48466,431

Allother4

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

103,004112,472122,476137,731155,277172,941190,098205,406222,951

1 Fiscal years not the same for all governments. See Note.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmental

receipts and payments between State and local governments are also excluded.3 Includes licenses and other taxes and charges and miscellaneous revenues.4 Includes expenditures for libraries, hospitals, health, social insurance administration, veterans' services, air transportation, water

transport and terminals, parking facilities, police protection, fire protection, correction, protective inspection and regulation, sewerage,natural resources, parks and recreation, community development, sanitation other than sewerage, general control, financialadministration, general public buildings, interest on general debt and unallocable items.

Note.—Data for fiscal years listed from 1962-63 to 1983-84 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.



TABLE B-81.—Interest-bearing public debt securities by kind of obligation, 1967-85


End of yearor month

Fiscal year:196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985



1985: Jan..FebMarAprMayJune


Totalinterest-bearingpublicdebt

securities

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

1,821,010

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

1,677,7851,696,1881,695,2231,730,6661,751,8381,759,826

1,798,9121,806,9051,821,0101,829,8851,888,8441,943,402

Marketable

Total

3210,672226,592226,107

232,599245,473257,202262,971266,575

315,606392,581443,508485,155506,693

594,506683,209824,422

1,024,0001,176,556

1,360,179

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

1,259,4161,274,9091,271,6701,300,8951,314,3081,310,712

1,343,5501,347,7631,360,17941.375.619*1,411,46941,437,653

Treasurybills

58,53564,44068,356

76,15486,67794,648100,061105,019

128,569161,198156,091160,936161,378

199,832223,388277,900340,733356,798

384,220

346,888349,461350,230347,259344,209343,282

347,431360,447356,798359,066365,208374,369

374,471376,760379,477379,851381,220381,872

384,462387,345384,220389,716397,561399,893

Treasurynotes

49,10871,07378,946

93,489104,807113,419117,840128,419

150,257191,758241,692267,865274,242

310,903363,643442,890557,525661,687

776,449

597,581607,975604,915629,787635,781632,120

657,216666,141661,687686,531691,858705,092

712,778719,762713,836738,455745,124740,910

766,677760,882776,449777,687788,611812,488

Treasurybonds

97,41891,07978,805

62,95653,98949,13545,07133,137

36,77939,62645,72456,35571,073

83,77296,178103,631125,742158,070

199,510

137,411142,628142,586146,299151,262151,233

155,177158,109158,070162,042167,971167,942

172,168178,387178,357182,589187,963187,930

192,411199,537199,510199,470211,103211,078

Nonmarketable

Total

111,614117,808125,623

136,426150,816168,158193,382206,663

216,516226,673254,121281,816312,314

311,896313,286316,461351,751383,015

460,831

353,732355,697354,368361,047364,141374,496

377,070374,271383,015402,231404,347413,230

418,369421,279423,554429,771437,531449,114

455,362459,142460,831454,265477,375505,749

U.S.savingsbonds

51,21351,71251,711

51,28153,00355,92159,41861,921

65,48269,73375,41179,79880,440

72,72768,01767,27470,02472,832

77,011

70,71570,98171,31871,53771,78072,042

72,25972,49472,83272,98073,33973,058

73,33673,72474,08974,53474,99275,426

75,92776,49077,01177,53678,11578,073

Foreigngovern-mentand

publicseries l

1,5143,7414,070

4,7559,27018,98528,52425,011

23,21621,50021,79921,68028,115

25,15820,49914,64111,4508,806

6,638

10,8049,8029,9169,8619,0098,847

9,3638,5608,8068,4538,7109,114

9,3788,5989,0878,8407,6638,333

8,1477,1536,6387,1567,0367,527

Govern-ment

accountseries

56,15559,52666,790

76,32382,78489,598101,738115,442

124,173130,557140,113153,271176,360

189,848201,052210,462234,684259,534

313,928

235,045236,988234,640240,864243,217253,182

254,915252,197259,534278,187278,407286,199

290,527293,292292,219297,355302,536310,995

313,956314,849313,928302,625319,425332,174

Other *

2,7312,8283,051

4,0685,7593,6543,7014,289

3,6444,88316,79727,06727,400

24,16423,71824,08535,59341,843

63,255

37,16837,92638,49438,78540,13540,425

40,53341,02041,84342,61143,89144,859

45,12745,66448,15949,04352,33954,359

57,33260,64863,25566,94872,79987,975

1 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-currency denominated issues.

2 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.

3 Includes $5,610 million in certificates not shown separately.4 Includes Federal Financing Bank securities, not shown separately: $8,747 million in October, and $14,194 million in November and in

December.

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.

Source: Department of the Treasury.


TABLE B-82.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-85

End of year or month

Fiscal year:196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985



1985: JanFebM a r . . .AprMayJune


Amountout-

standing,privately

held

Maturity class

Withinlyear

Ito5years

5 to 10years

10 to 20years

20 yearsana over

Millions of dollars

150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782326,674356,501380,530

463,717549,863682,043862,631

1,017,488

1,185,675

925,683953,274942,372955,267970,488969,341

1,003,2601,026,4971,017,4881,054,4031,062,2511,081,548

1,099,8571,110,2721,106,7981,121,9771,145,2711,138,109

1,171,6621,173,5791,185,6751,193,3761,224,0741,237,340

56,56166,74669,311

76,44374,80379,50984,04187,150

115,677151,723161,329163,819181,883

220,084256,187314,436379,579437,941

472,661

399,857418,060413,070408,445413,316415,474

424,193444,361437,941447,809447,330455,801

461,758462,955463,882457,352467,260465,310

470,538473,060472,661480,307492,916490,217

53,58452,29550,182

57,03558,55757,15754,13950,103

65,85289,151113,319132,993127,574

156,244182,237221,783294,955332,808

402,766

317,869323,520311,574325,657332,509322,719

343,145342,249332,808354,372362,598365,794

372,608378,690366,843385,122392,430379,046

401,502398,089402,766407,877413,960423,625

21,05721,85018,078

8,28614,50316,03316,38514,197

15,38524,16933,06733,50032,279

38,80948,74375,74999,174130,417

159,383

108,471110,595116,643117,644115,773122,146

122,928123,641130,417131,895128,376136,121

137,280136,490143,745143,704145,696153,878

155,237151,550159,383154,326156,262163,049

6,1536,1106,097

7,8766,3576,3588,7419,930

8,8578,0878,42811,38318,489

25,90132,56933,01740,82649,664

62,853

46,80643,88243,86843,58847,10947,141

47,13349,66749,66449,65552,09052,068

56,35354,69954,72254,32058,37258,362

62,87262,86762,85362,85366,15466,003

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,65210,53114,80520,304

22,67930,12737,05848,09766,658

88,012

52,68057,21757,21759,93361,78161,861

65,86166,57966,65870,67271,85771,765

71,85877,43877,60681,47881,51381,513

81,51388,01388,01288,01394,78294,446

Average length

Years

544

33332

22233

34344

4

444444

444444

444444

454455

Months

152

8631

11

871137

901116

11

334455

566577

68881010

90111000

Note.—All 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.

349


TABLE B-83.—Estimated ownership of public debt securities, 1976-85

[Par values;J billions of dollars]

End of month

1976:JuneDec

1977:JuneDec

1978:JuneDec

1979:JuneDec

1980:JuneDec

1981:Mar

JuneSeptDec

1982:MarJuneSeptDec

1983:MarJuneSeptDec

1984:MarJuneSeptDec

1985:MarJuneSept

Totalpublicdebt

securi-ties

620.4653.5

674.4718.9

749.0789.2

804.9845.1

877.6930.2

964.5

971.2997.9

1,028.7

1,061.31,079.61,142.01,197.1

1,244.51,319.61,377.21,410.7

1,463.71,512.71,572.31,663.0

1,710.71,774.61,823.1

Held byGovern-

mentaccounts

149.6147.1

151.2154.8

161.1170.0

178.5187.1

194.9192.5

190.9

199.9208.1203.3

202.5211.7216.4209.4

201.2229.3239.0236.3

239.8257.6263.1289.6

295.5313.5315.2

Held

FederalReserveBanks

94.497.0

102.2102.8

110.1110.6

109.7117.5

124.5121.3

119.0

120.0124.3131.0

125.6127.0134.4139.3

136.7141.7155.4151.9

150.8152.9155.0160.9

161.0169.1169.7

Held by private investors

Total

376.4409.5

421.0461.3

477.8508.6

516.6540.5

558.2616.4

654.6

651.2665.4694.5

733.3740.9791.2848.4

906.6948.6982.7

1,022.6

1,073.01,102.21,154.11,212.5

1,254.11,292.01,338.2

Com-mercialbanks2

91.4103.5

102.798.9

97.895.0

86.188.1

97.4112.1

117.0

119.7112.7111.4

116.1116.1117.8131.4

153.2171.6176.3188.8

189.8182.3183.0183.4

195.0196.3196.9

Nonbank investors

Total

285.0306.0

318.3362.4

380.0413.6

430.5452.4

460.8504.3

537.6

531.5552.7583.1

617.2624.8673.4717.0

753.4777.0806.4833.7

883.2919.9971.1

10291

1,059.11,095.71,141.3

Individuals3

Total

96.1101.6

104.9107.8

109.0114.0

115.5118.0

116.5117.1

105.2

107.4109.7110.8

112.5114.1115.6116.5

116.7121.3128.9133.4

136.2142.2142.4143.8

145.1148.7151.3

Sav-ings

bonds4

69.672.0

74.476.7

79.180.7

80.679.9

73.472.5

70.4

69.268.368.1

67.567.467.668.3

68.869.770.671.5

72.272.973.774.5

75.476.778.2

Othersecur-rities

26.529.6

30.531.1

29.933.3

34.938.1

43.144.6

34.8

38.241.442.7

45.046.748.048.2

47.951.658.461.9

64.069.368.769.3

69.772.073.1

Insur-ancecom-

panies

14.416.2

18.119.9

19.720.0

20.921.4

22.324.0

25.6

26.427.629.0

32.132.534.839.1

43.747.451.256.7

57.161.673.282.3

84.0

Moneymar-ket

funds

0.81.1

.8

.9

1.31.5

3.85.6

5.33.5

14.5

9.011.421.5

25.722.438.642.6

44.828.322.122.8

19.414.913.625.9

26.724.822.7

Corpora-tions5

23.323.5

22.118.2

17.317.3

18.617.0

14.019.3

17.0

19.918.017.9

16.917.621.624.5

27.232.835.939.7

42.645.347.750.1

50.952.356.5

Stateandlocal

govern-ments6

33.839.8

46.851.9

59.564.5

71.274.1

78.987.9

91.8

96.999.8

104.3

108.4113.6122.4127.8

137.1144.9149.9155.1

162.9165.0

Foreignand

interna-tional7

69.878.1

87.9109.6

119.5133.1

114.9119.0

118.2129.7

138.2

136.6130.7136.6

136.1137.2140.6149.5

156.2160.1160.1166.3

166.3171.6175.5192.9

186.4200.7210.2

Otherinves-tors8

46.845.7

37.754.1

53.763.2

85.697.3

105.6122.8

145.3

135.3155.5163.0

185.5187.4199.8217.0

227.7242.2258.3259.8

298.7319.3

1 U.S. savings bonds, 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 30,1970.5 Exclusive of banks and insurance companies.6 Includes State and local pension funds.7 Consists of the investment of foreign balances and international accounts in the United States.8 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.


CORPORATE PROFITS AND FINANCE

TABLE B-84.—Corporate profits with inventory valuation and capital consumption adjustments, 1929-85


Year or quarter

192919331939

1940194119421943 ...194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985".

1982- 1||I l lIV

1983- 1III l lIV

1984- 1IIIl lIV

1985- 1I IIll

Corporateprofits with

inventoryvaluation

and capitalconsumptionadjustments

9.6-1.5

5.5

8.814.319.724.024.219.717.222.930.328.0

34.939.937.537.736.647.145.745.340.351.4

49.550.358.363.670.781.386.684.190.787.4

74.787.1

100.7113.3101.7117.6145.2174.8197.2200.1

177.2188.0150.0213.8273.3299.0

149.9149.6154.3146.1

173.4205.9228.4247.6

268.0277.8271.2276.2

281.7288.1309.1

Corporateprofits tax

liability

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

22.722.824.026.228.030.933.732.739.439.7

34.437.741.949.351.850.964.273.083.588.0

84.881.163.175.293.685.7

64.264.064.359.8

58.973.884.184.0

99.1100.687.487.4

83.482.387.4

Corporate profits after tax with inventoryvaluation and capital consumption adjustments

Total

8.2-2.1

4.0

5.96.78.39.9

11.29.08.0

11.717.817.8

17.017.318.117.419.025.123.823.821.427.8

26.827.634.337.442.750.452.951.451.447.7

40.349.358.864.149.966.781.0

101.8113.7112.1

•92.4106.886.9

138.6179.7213.3

85.785.690.086.3

114.5132.1144.3163.6

168.9177.1183.8188.8

198.3205.8221.7

Dividends

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

22.522.924.427.029.729.634.639.544.750.1

54.763.666.970.878.183.5

66.466.066.668.5

69.369.671.173.1

75.377.578.980.7

82.083.183.9

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

2.441

.3

1.92.34.05.56.64.42.55.4

10.810.6

8.28.89.68.69.8

14.812.712.310.115.6

13.914.219.921.925.331.333.531.229.425.2

17.926.434.437.020.237.146.462.369.062.0

37.743.220.067.9

101.6129.8

19.319.623.317.9

45.162.573.290.6

93.699.6

104.9108.2

116.3122.6137.8



TABLE B-85.—-Corporate profits by industry, 1929-85


Year or quarter

1929193319391940 . .194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970.....1971 . .19721973197419751976197719781979198019811982198319841985 "1982- 1

ItI I IIV

1983- 1IIIllIV

1984- 1||IllIV

1985- 1IIIll

Corporate profits with inventory valuation adjustment and without capital consumptionadjustment

Total

10.5126.59.8

15.420.524.524.019.319.625.933.431.137.943.340.640.238.447.546.946.641.652.349.850.155.259.866.276.281.278.685.481.469.582.794.9

107.199.4

123.9155.3183.8208.2214.1194.0202.3159.2195.0232.3227.2164.0160.7161.6150.7163.7190.5207.3218.7234.4241.8226.5226.3220.6220.9233.2

Domestic industries

Total

10.2126.19.6

15.020.124.123.518.918.924.932.229.936.741.538.738.436.445.144.143.539.149.646.746.851.555.861.871.576.773.979.974.862.675.185.592.682.4

109.5139.3165.5186.0180.4159.6173.8131.2164.2200.1195.8137.5132.5133.0121.6136.2161.1174.4185.1201.0212.3193.3193.7189.4189.3203.0

Financial '

Total

1.3.3.8

1.01.11.21.31.61.72.11.72.63.13.13.64.04.54.64.85.05.25.76.87.27.07.36.86.97.58.5

9.0.10.411.212.214.115.415.814.711.215.921.629.127.821.016.511.822.719.223.56.59.7

12.418.722.025.022.421.220.820.417.218.419.222.523.8

Fed-eralRe-

servebanks

0.0.0.0.0.0.0.0.1.1.1.1.2.2.2.3.4.4.3.3.5.6.6.7

1.0.8.9

1.01.11.41.72.02.53.13.63.33.44.55.75.76.06.27.79.6

11.914.515.414.816.716.815.515.915.514.814.514.514.915.416.016.417.017.417.117.216.5

Other

1.3.3.8.9

1.01.21.31.61.62.01.62.32.93.03.33.74.14.34.54.54.65.16.06.26.36.45.85.86.26.87.07.98.18.6

10.712.011.28.95.59.9

15.421.418.29.01.9

-3.67.82.56.790

-6.2313.97.5

10.57.55.84.84.0

.21.02.15.37.3

Nonfinancial

Total

8.9-1.5

5.38.6

14.018.922.821.917.316.823.229.626.833.537.934.733.931.840.339.138.333.542.939.539.844.249.054.964.068.264.969.563.750.461.070.276.867.898.3

123.4143.9156.8152.6138.6157.3119.4141.6180.9172.3131.1122.8120.6102.9114.2136.1152.0163.9180.2191.9176.1175.3170.2166.7179.2

Manu-fac-

tur ing2

5.2-.43.35.59.5

11.813.813.29.79.0

13.617.616.220.924.621.722.019.926.024.724.019.426.423.623.326.029.332.339.341.938.641.436.726.734.340.846.239.853.670.980.688.787.577.188.558.071.388.577.661.559.564.346.852.364.678.989.294.294.982.282.777.373.479.7

Trans-porta-tionand

publicutili-ties

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

10.011.011.810.710.810.38.28.59.08.56.7

10.314.817.920.915.217.619.519.322.528.629.721.421.717.616.321.122.923.722.227.829.628.528.629.728.630.4

Whole-saleand

retailtrade

1.0-.5

.71.21.42.23.03.23.33.84.65.54.55.05.04.83.83.85.04.54.44.65.94.95.05.85.97.58.18.29.1

10.410.59.6

11.713.413.912.922.223.027.527.328.721.632.534.639.150.749.937.934.032.933.632.640.839.943.146.852.751.551.848.750.653.6

Other

0.9-.7

.3

.61.11.51.61.61.52.12.93.63.13.63.73.33.13.43.64.14.03.63.63.63.73.94.45.15.66.36.56.96.15.96.56.98.28.3

12.214.717.820.021.122.416.87.58.7

13.015.010.37.75.86.28.27.89.59.4

11.514.713.912.114.514.115.4

Restof theworld

0.2.0.3.3.4.4.4.4.3.7

1.01.31.11.31.71.91.82.02.42.83.12.52.73.13.33.74.04.44.64.44.75.56.56.97.69.3

14.517.014.416.018.322.233.734.428.528.030.832.231.426.428.228.529.127.529.432.933.533.429.533.232.731.331.630.3

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-86 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-86.—Corporate profits of manufacturing industries, 1929-85


Year or quarter

192919331939..

19401941194219431944194519461947 .19481949

1950 .195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985 p . .

1982:1III l lIV

1983- 1||I I IIV

1984- 1IIIIIIV

1985- 1III l l

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Totalmanufac-

turing

524

33

5595

11 813813.2979.0

13617.616.2

20.924.621.722.019.926.024.724.019.426.4

23.623.326.029.332.339.341.938.641.436.7

26.734.340.846.239.853.670.980.688.787.5

77.188.558.071.388.577.6

61.559.564.346.8

52.364.678.989.2

94.294.982.282.7

77.373.479.7

Durable goods

Total

264

17

3 1647 2817.4452.4587.58.1

12.013.211.711.910.514.312.813.39.3

13.7

11.611.414.016.317.923.023.821.022.219.0

10.216.422.524.714.619.831.338.644.637.3

21.321.02.1

15.331.526.7

3.65.95.5

-6.6

5.511.317.726.7

32.931.428.832.9

27.826.625.2

Pri-marymetalindus-tries

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

0.8.7

1.62.34.92.72.01.33.53.6

2.53.1

-4.927-.9-.4

-3.7-6.0-4.9-5.1

27-3.0-2.9-2.3

-1.2-.7

-1.1-.7

-.7-.9_ 2

Fabri-catedmetalprod-ucts

0.8.7

1.11.31.01.0.9

1.11.11.1.9

1.1

.81.01.11.31.42.02.42.42.32.0

1.11.52.12.61.63.13.94.44.95.2

4.34.42.43.05.04.53.42.72.4.9

1.82.43.04.8

4.44.74.85.9

4.64.34.6

Machin-ery,

exceptelectri-

cal

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

3.02.94.34.73.14.86.78.99.69.17.78.64.13.15.24.8

8.13.73.11.3

1.63.33.34.4

4.56.04.85.7

3.34.85.3

Electricandelec-

tronicequip-ment

0.7.8

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

.32.43.75.86.75.2

4.74.11.71.02.83.21.72.72.6.1

.8

.5

.32.5

2.82.03.23.1

2.72.93.7

Motorvehicles

andequip-ment

1.42.1

3.12.42.42.62.14.12.22.60.93.0

3.02.54.04.94.76.25.13.95.54.8

1.25.15.95.80.72.07.29.48.94.7

25.1

-.86.7

10.07.4

-4.92.71.7

-2.7

1.94.49.5

11.1

14.49.87.48.5

9.57.85.2

Other

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

2.94.35.86.24.04.87.98.8

10.99.5

4.50.7

-.44.19.47.2

-1.0.2.6

-1.2

2.13.74.56.2

8.09.59.9

10.3

8.47.76.5

Nondurable goods

Total

260

1.7

2431465759526678

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

16.517.918.321.625.233.839.642.044.050.2

55.867.555.956.057.051.0

57.953.658.753.5

46.853.361.262.5

61.363.553.449.8

49.546.954.5

Foodand

kindredprod-ucts

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

3.23.52.92.52.58.87.16.96.25.86.18.77.06.87.56.66.76.97.57.1

6.77.06.27.4

8.17.87.36.6

6.67.07.7

Chemi-calsand

alliedprod-ucts

1.71.8

2.32.82.32.22.23.02.82.82.53.5

3.13.23.23.64.04.64.94.35.24.6

3.94.55.26.05.16.48.27.88.27.25.48.25.26.88.15.86.76.24.73.2

5.05.98.28.2

9.09.17.46.8

5.85.75.6

Petro-leumandcoalprod-ucts

2.81.9

2.32.72.32.82.73.03.32.62.12.5

2.52.22.22.12.42.93.23.93.73.3

3.53.63.05.2

10.79.5

13.112.914.722.531.436.529.121.818.316.2

33.526.730.525.9

16.120.525.525.2

20.122.715.714.8

14.111.819.7

Other

3.72.8

2.74.43.63.32.93.64.13.63.34.3

4.24.14.34.65.36.06.86.37.06.9

5.96.47.27.97.09.1

11.214.414.914.7

12.914.114.520.523.122.5

11.113.816.017.3

18.919.921.321.7

24.123.823.021.6

23.022.421.5

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.


353


TABLE B-87.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1950-85


Year orquarter

19501951195219531954195519561957195819591960196119621963 .. .19641965196619671968196919701971197219731973: IVNew series:1973- IV

1974

1975197619771978197919801981198219831984

1983- 1IIIllIV

1984: 1IIIllIV

1985: 1IIIll

All manufacturing corporations

Sales(net)

181.9245.0250.2265.9248.5278.4307.3320.0305.3338.0345.7356.4389.4412.7443.1492.2554.2575.4631.9694.6

708.8751.1849.5

1,017.2

275.1

236.6

1,060.6

1,065.21,203.21,328.11,496.41,741.81,912.82,144.72,039.42,114.32,335.0

490.8527.1534.7561.6

566.1597.9577.1594.0

567.6596.2580.4

Profits

Beforeincometaxes *

23.227.422.924.420.928.629.828.222.729.727.527.531.934.939.646.551.847.855.458.148.152.963.281.421.4

20.6

92.1

79.9104.9115.1132.5154.2145.8158.6108.2133.1165.6

24.134.636.238.2

42.548.538.536.1

35.637.433.7

Afterincometaxes

12.911.910.711.311.215.116.215.412.716.315.215.317.719.523.227.530.929.032.133.228.631.036.548.113.0

13.2

58.7

49.164.570.481.198.792.6

101.370.985.8

107.6

15.522.123.225.0

26.731.025.724.3

22.623.721.6

Stock-holders'equity2

83.398.3

103.7108.2113.1120.1131.6141.1147.4157.1165.4172.6181.4189.7199.8211.7230.3247.6265.9289.9

306.8320.8343.4374.1386.4

368.0

395.0

423.4462.7496.7540.5600.5668.1743.4770.2812.8864.2

787.7804.1821.9837.6

850.9857.0865.1883.6

866.7869.3873.8

Durable goods industries

Sales(net)

86.8116.8122.0137.9122.8142.1159.5166.0148.6169.4173.9175.2195.3209.0226.3257.0291.7300.6335.5366.5

363.1381.8435.8527.3

140.1

122.7

529.0

521.1589.6657.3760.7865.7889.1979.5913.1973.5

1,107.6

220.6243.6243.9265.4

264.6284.8270.7287.5

273.4290.8278.6

Profits

Beforeincometaxes 1

12.915.412.914.011.416.516.515.811.415.814.013.616.818.521.226.229.225.730.631.523.026.533.643.610.8

10.1

41.1

35.350.757.969.672.457.467.234.748.775.5

7.613.212.715.2

18.922.916.617.2

15.418.512.9

Afterincometaxes

6.76.15.55.85.68.18.37.95.88.17.06.98.69.5

11.614.516.414.616.516.912.914.518.424.86.3

6.2

24.7

21.430.834.841.845.235.641.621.730.048.9

4.68.38.09.2

11.714.611.211.4

9.311.38.2

Stock-holders'equity2

39.947.249.852.454.958.865.270.572.877.982.384.989.193.398.5

105.4115.2125.0135.6147.6155.1160.4171.4188.7194.7

185.8

196.0

208.1224.3239.9262.6292.5317.7350.4355.5372.4395.6

359.6368.1376.7385.1

386.5392.1397.2406.7

407.6413.6416.9

Nondurable goods industries

Sales(net)

95.1128.1128.0128.0125.7136.3147.8154.1156.7168.5

. 171.8181.2194.1203.6216.8235.2262.4274.8296.4328.1345.7369.3413.7489.9

135.0

113.9

531.6

544.1613.7670.8735.7876.1

1,023.71,165.21,126.41,140.81,227.5

270.3283.5290.8296.2

301.5313.1306.4306.5

294.2305.5301.8

Profits

Beforeincometaxes1

10.312.110.010.49.6

12.113.212.411.313.913.513.915.116.418.320.322.622.024.826.625.226.529.637.810.6

10.5

51.0

44.654.357.262.981.888.491.373.684.490.0

16.521.323.523.0

23.625.621.919.0

20.218.920.8

Afterincometaxes

6.15.75.25.55.67.07.87.56.98.38.28.59.2

10.011.613.014.614.415.516.415.716.518.023.36.7

7.0

34.1

27.733.735.539.353.556.959.649.355.858.8

11.013.815.215.8

15.016.414.513.0

13.212.413.4

Stock-holders-equity2

43.551.153.955.758.261.366.470.674.679.283.187.792.396.3

101.3106.3115.1122.6130.3142.3151.7160.5172.0185.4191.7

182.1

199.0

215.3238.4256.8277.9308.0350.4393.0414.7440.4468.5

428.1436.0445.2452.5

464.5464.9467.9476.9

459.1455.7456.9

1 In 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.


354


TABLE B-88.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturingcorporations, 1947-85

Year or quarter

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

1965196619671968 . .1969

1970197119721973

1973: IV

New series:

1973: IV

1974

19751976197719781979

19801981198219831984

1983-1 . .I II I IIV

1984:1||I I IIV

1985- 1||I l l

Ratio of profits after income taxes (annualrate) to stockholders' equity— percent 1

Allmanufacturingcorporations

15.616.011.6

15.412.110.310.59.9

12.612.310.98.6

10.4

9.28.99.8

10.311.6

13.013.411.712.111.5

9.39.7

10.612.8

13.4

14.3

14.9

11.613.914.215.016.4

13.913.69.2

10.612.5

7.911.011.311.9

12.514.511.911.0

10.410.99.9

Durablegoods

industries

14.415.712.1

16.913.011.111.110.3

13.812.811.38.0

10.4

8.58.19.6

10.111.7

13.814.211.712.211.4

8.39.0

10.813.1

12.9

13.3

12.6

10.313.714.516.015.4

11.211.96.18.1

12.4

5.19.08.59.5

12.114.911.311.2

9.210.97.8

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

14.0

15.3

17.1

12.914.213.814.217.4

16.315.211.912.712.5

10.212.713.714.0

12.914.112.410.9

11.510.911.7

Profits after income taxes per dollar ofsales— cents

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

4.7

5.6

5.5

4.65.45.35.45.7

4.84.73.54.14.6

3.24.24.34.5

4.75.24.44.1

4.04.03.7

Durablegoods

industries

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

4.04.22.43.14.4

2.13.43.33.5

4.45.14.14.0

3.43.92.9

Nondurablegoods

industries

6.76.85.4

6.54.54.14.34.4

5.15.34.94.44.9

4.84.74.74.95.4

5.55.65.35.25.0

4.54.54.44.8

5.0

6.1

6.4

5.15.55.35.36.1

5.65.14.44.94.8

4.14.95.25.3

5.05.24.74.2

4.54.14.4

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-87.Source: Department of Commerce, Bureau of the Census.

355


TABLE B-89.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-85


Yearor

quar-ter

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..

1983:1II....III...IV...

1984:1II....III . . .IV...

1985:1II....HI...

Sources

Total

18.727.028.919.9

42.136.429.927.829.6

52.744.943.441.956.3

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

337.6371.6312.8416.9487.4

326.2419.6423.7498.0

511.1490.6442.8505.1

419.9428.7412.3

Internal

Total

8.112.919.119.5

18.020.221.921.723.9

29.529.531.530.336.0

35.436.542.846.551.8

58.562.663.665.064.4

61.873.585.091.785.6

119.7134.2157.4175.7188.8

189.5230.4234.3280.5334.8

250.4269.7292.5309.3

319.6331.7340.7347.1

351.5357.9379.5

Domes-tic

undis-ributedprofits

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

7.612.718.128.132.4

34.043.954.762.867.3

49.046.010.418.634.3

-1.315.130.630.2

37.639.829.330.6

24.017.322.0

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

-17.3-41.7

-21.1-27.5-26.8-36.1-56.8

-57.2-29.6

-5.521.849.0

17.918.417.233.9

33.444.156.961.5

68.575.686.5

Capitalcon-

sumptionallow-ances

7.69.2

10.811.7

12.614.615.716.717.8

19.021.723.724.725.7

26.627.428.229.230.6

32.535.438.642.346.7

51.856.862.067.278.7

93.8103.6114.3129.2147.7

167.8189.5207.1215.2228.5

211.4212.5217.3219.7

222.8226.5230.1234.3

238.3242.1246.7

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

13.014.315.119.730.6

29.924.422.424.823.0

22.423.727.525.6

25.721.324.320.7

20.722.824.3

External

Total

10.614.19.7

.4

24.016.28.06.15.7

23.215.411.911.720.2

13.219.817.322.022.1

33.335.031.148.551.1

40.551.866.6

100.7104.7

37.376.896.7

141.8156.4

148.1141.3

78.5136.4152.6

75.9149.9131.2188.7

191.5159.0102.1158.0

68.470.832.8

Credit market funds

Total

6.98.46.53.1

8.110.59.55.76.5

10.212.812.310.512.3

12.112.912.812.514.1

18.523.827.827.732.3

35.337.243.456.770.2

30.854.772.480.588.2

93.392.083.382.9

104.7

79.573.067.6

111.5

106.278.076.2

158.6

59.755.023.5

Securi-tiesand

mort-gages

3.65.46.74.9

4.26.48.06.06.7

6.47.5

10.410.58.1

7.510.79.48.47.8

7.614.319.115.014.6

26.332.826.420.726.3

38.738.235.832.820.9

52.421.843.956.7

-15.9

73.276.542.934.2

-33.2-66.6

-5.642.0

-16.522.54.6

Loansand

short-termpaper

3.33.0-.2

-1.8

3.94.11.4

-.4-.2

3.75.31.9

-.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

40.970.239.426.2

120.6

6.3-3.524.777.2

139.4144.6

81.8116.5

76.232.518.9

Other2

3.75.83.3

-2.7

15.95.7

-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

54.849.3

-4.953.547.9

-3.676.963.677.2

85.380.925.9-.6

8.715.89.3

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

82.791.388.5

106.0115.3

98.7122.7149.1191.9190.1

150.9201.8237.6293.7343.7

317.7334.6253.8369.6444.0

284.7379.4379.8434.4

480.6449.9395.7449.9

399.7392.3368.8

Capitalexpendi-tures 3

18.117.320.314.8

24.030.224.625.722.9

32.636.834.927.737.0

37.536.743.244.750.1

61.074.772.275.483.7

80.086.099.0

121.5137.9

109.7148.3175.1201.7219.5

221.2271.2229.6256.3367.8

207.0255.5270.8292.0

355.6364.1387.9363.8

371.5363.5359.0

ncreasein

inancialassets

-1.48.45.03.5

16.47.44.62.34.9

16.54.04.2

10.814.2

3.914.212.315.714.8

21.816.616.330.631.6

18.736.750.170.552.2

41.253.562.592.0

124.3

96.563.424.2

113.376.2

77.7123.9109.0142.4

125.085.97.8

86.1

28.228.89.8

Discrep-ancy

(sourcesess uses)

1.91.43.61.6

1.7-1.2

.6-.11.8

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

1.4

20.037.058.947.343.4

41.540.243.963.6

30.440.747.155.3

20.136.443.5

1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.


356


TABLE B-90.—State and municipal and business securities offered, 1934-85


Year or quarter

19341939

1940194119421943194419451946194719481949

19501951 ..19521953 .195419551956195719581959

1960196119621963196419651966196719681969

19701971197219731974 ...1975197619771978 61979

198019811982198319841985: First three

quarters

1984- 1IIIIIIV

1985: 1IIIII

State

municipalsecuritiesofferedfor cash(princi-pal

amounts)

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

47,13346,13477,17983,348101,882

92,022

14,59318,66325,33143,294

21,73734,19436,091

Business securities offered for cash *

Totalofferings

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

67,12665,43473,970103,08885,948

85,892

24,92415,67522,11723,232

20,95830,30034,634

Type of security

Commonstock 2

1987

1081103456163397891779614736

8111,2121,3691,3261,2132,1852,3012,5161,3342,027

1,6643,2941,3141,0112,6791,4731,9011,9273,8857,640

7,0379,48510,7077,6424,0507,4148,3058,0477,7248,816

19,28225,49123,61945,22822,151

27,796

6,3215,1415,3005,389

8,3499,18710,260

Preferredstock

698

183167112124369758

1,127762492425

631838564489816635636411571531

409450422343412724580881636691

1,3903,6833,3713,3412,2733,4592,8033,9161,7571,964

3,1941,6974,9537,6934,219

4,621

1,1221,118678

1,301

8491,7342,038

Bondsandnotes

3721,979

2,3862,389917990

2,6704,8554,8825,0365,9734,890

4,9205,6917,6017,0837,4887,4208,0029,9579,6537,190

8,0819,4208,96910,85610,86512,58514,90421,20616,74017,666

29,02330,06125,62820,70031,49742,75942,20642,26620,46826,468

44,65038,24645,39850,16759,578

53,475

17,4819,41616,13916,542

11,76019,37922,336

Industry of issuer

Manufac-turing3

67604

992848539510

1,0612,0263,7012,7422,2261,414

1,2003,1224,0392,2542,2682,9943,6474,2343,5152,073

2,1524,0773,2493,5143,0465,4147,05611,0696,9586,346

10,64711,6516,3984,83210,51118,65215,49613,7574,4836,643

20,85714,69613,85122,95814,467

17,725

1,7982,7894,5295,351

3,8765,6598,190

Electric,gas, andwater4

1331,271

1,2031,357472477

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

13,74613,07516,52912,7497,523

6,602

1,4911,3822,1102,540

1,4782,7682,356

Transpor-tation 5

176186

32436648161609

1,454711286755800

813494992595778893724824824967

718694567957982702

1,4941,6391,5641,779

1,2531,148860811

1,0053,6374,6493,2181,2511,640

2,3062,3862,1694,1641,733

3,118

432429538334

5201,731867

Communi-cation

902571

399612760882720

1,1321,4191,4621,424717

1,0501,8341,3031,1052,189945

2,0031,9751,7752,172

5,2915,8404,8364,8723,9324,4663,5624,4432,9594,482

6,8655,8713,8995,5272,018

2,061

477124229

1,188

799575687

Other

21103

15996421109211329293

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

23,35629,40637,52257,69060,207

56,386

20,72610,95114,71113,819

14,28519,56722,534

1 Business securities offered include securities offered by corporate and non-corporate business enterprises such as limitedpartnerships. Beginning 1978 excludes private placements.

2 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.5 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 inamounts over $100,000 and 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-91.—Common stock prices and yields, 1949-85

19491950195119521953195419551956195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851984- Jan

FebMarAprMayJuneJulyAugSeptOctNov.Dec

1985: JanFebMarAprMayJuneJulyAug::.SeptOctNovDec

Common stock prices *

New York Stock ̂ change indexes (Dec. 31, 1965=50) 2

Composite

90210.8713.0813.8113.6716.1921.5424.40236724.56307330.0135.3733.4937.51437647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.3268.1074.0268.9392.6392.46108.0996.1690.6090.6690.6790.0788.2887.0894.4995.6895.0995.8594.8599.11104.73103.92104.66107.00109.52111.64109.09106.62107.57113.93119.33

Industrial

46.1851.9758.0057.4448.0357.9265.7363.0848.0850.5260.4457.8658.2364.7678.7085.4478.18107.45108.01123.79112.16105.44105.92106.56105.94104.04102.29111.20112.18110.44110.91109.05113.99120.71119.64119.93121.88124.11126.94124.92122.35123.65130.53136.77

Transpor-tation

50.2653.5150.5846.9632.1444.3550.1737.7431.8931.1039.5741.0943.5047.3460.6172.6160.4189.3685.63104.1197.9886.3386.1083.6181.6279.2976.7286.8686.8886.8287.3788.0094.88101.7698.3096.4799.66105.79111.67109.92104.96103.72108.61113.52

Utility

45.4145.4344.1942.8037.2439.5338.4837.6929.7931.5036.9740.9239.2238.2037.3538.9139.7547.0046.4456.7547.4345.6744.8343.8644.2243.6544.1746.4947.4749.0249.9350.5851.9553.4453.9155.5157.3259.6159.6856.9955.9355.8459.0761.69

Finance

44.4549.8265.8570.4960.0070.3878.3570.1249.6747.1452.9455.2556.6561.4264.2573.5271.9995.3489.28114.2195.7989.9589.5088.2285.0680.7579.0387.9291.5992.9495.2895.29101.34109.58107.59109.39115.31118.47119.85114.68110.21112.36122.83128.86

DowJones

industrialaverage3

179.48216.31257.64270.76275.97333.94442.72493.01475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72753.19884.76950.71923.88759.37802.49974.92894.63820.23844.40891.41932.92884.36

1,190.341,178.481,328.231,258.891,164.461,161.971,152.711,143.421,121.141,113.271,212.821,213.511,199.301,211.301,188.961,238.161,283.231,268.831,266.361,279.401,314.001,343.171,326.181,317.951,351.581,432.881,517.02

Standard& Poor'scomposite

index(1941-

43 = 10)4

15.2318.4022.3424.5024.7329.6940.4946.6244.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.2298.29109.20107.4382.8586.16102.0198.2096.02103.01118.78128.05119.71160.41160.46186.84166.39157.25157.44157.60156.55153.12151.08164.42166.11164.82166.27164.48171.61180.88179.42180.62184.90188.89192.54188.31184.06186.18197.45207.26

Common stock yields(percent) 5

Dividend-priceratio6

6.596.576.135.805.804.954.084.094.353.973.233.472.983.373.173.013.003.403.203.073.243.833.142.843.064.474.313.774.625.285.475.265.205.814.404.644.254.274.594.634.644.724.864.934.624.544.624.614.684.514.304.374.374.314.214.144.234.324.284.063.88

Earnings-priceratio7

15.4813.9911.829.4710.268.577.957.557.896.235.785.904.625.825.505.325.596.635.735.676.086.455.415.507.12

11.599.158.90

10.7912.0313.4612.6611.9611.608.03

10.02

9.59

ib"58

9.97

9.95

9"07

8.12

8"03

1 Averages of daily closing prices, except New York Stock Exchange data through May 1964 are averages of weekly closing prices.2 Includes all the stocks (more than 1,500) listed on the New York Stock Exchange.3 Includes 30 stocks.4 Includes 500 stocks.5 Standard & Poor's series, based on 500 stocks in the composite index.6 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 thatquarter. 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-92.—Business formation and business failures, 1940-85

Year or month

1940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973'9741975197619771978197919801981198219831984

1984: JanFebMarAprMayJuneJulyAugsept':::::.:::::::OctNovDec

1985- JanFebMarAprMay'::"::::"JuneJulyAug. . .SeptOctNovDec

Indexof net

businessformation(1967 =100)

101.986.490.689.593.391.791.098.496.692.492.298.795.592.193.795.298.6100.299.4100.0106.8112.9106.4108.5115.9114.9109.2107.0115.6123.2128.2128.3122.4118.6113.2114.8117.1

businessincorpo-rationsnumber)

132,916112,89796,34685,64093,09283,77892,946102,706117,411139,915141,163137,112150,781193,067182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565533,520581,242566,942600,400634.991

Seasonally adjusted

115.9117.2116.9117.5115.7117.0115.8119.1119.7117.7116.0116.6117.8118.7116.6116.6114.3116.5116.3117.6117.4116.2117.1115.1

53,04453,59153,42453,93351,16654,72952,09251,72352,23752,58753,49053,50352,41954,37155,58955,71056,12455,33953,92655,41855,99957,57654,773

Business failures *

failurerate2

63.054.444.616.46.54.25.2

14.320.434.434.330.728.733.242.041.648.051.755.951.857.064.460.856.353.253.351.649.038.637.343.841.738.336.438.442.634.828.423.927.842.161.389.0110.0

Number of failures

Total

13,61911,8489,4053,2211,222809

1,1293,4745,2509,2469,1628,0587,6118,86211,08610,96912,68613,73914,96414,05315,44517,07515,78214,37413,50113,51413,06112,3649,6369,15410,74810,3269,5669,3459,91511,4329,6287,9196,6197,56411,74216,79424,90831,334

4,4814,1745,7504,3343,9644,9603,6734,5333,922

3,6754,2265,7684,5865,9144,3884,1855,4684,146

Liability size class

Under$100,000

13,40011,6859,2823,1551,176759

1,0033,1034,8538,7088,7467,6267,0818,07510,22610,11311,61512,54713,49912,70713,65015,00613,77212,19211,34611,34010,83310,1447,8297,1928,0197,6117,0406,6276,7337,5046,1764,8613,7123,9305,6828,23311,50915,509

1,4941,5451,8481,4851,4441,6031,2301,5931,369

1,3251,4451,7551,4641,7691,5081,5051,7791,533

$100,000and over

219163123664650126371397538416432530787860856

1,0711,1921,4651,3461,7952,0692,0102,1822,1552,1742,2282,2201,8071,9622,7292,7152,5262,7183,1823,9283,4523,0582,9073,6346,0608,56113,39915,825

2,9872,6293,9022,8492,5203,3572,4432,9402,553

2,3502,7814,0133,1224,1452,8802,6803,6892,613

Amount of current liabilities(millions of dollars)

Total

166.7136.1100.845.331.730.267.3204.6234.6308.1248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8938.6

1,090.11,213.61,352.61,329.21,321.71,385.71,265.2941.0

1,142.11,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.44,635.16,955.215,610.816,072.9

1,783.31,713.13,479.72,429.43,074.33,427.42,783.71,968.72,045.6

1,872.02,378.43,790.73,279.83,261.92,995.62,150.53,162.41,925.3

Liability size class

Under$100,000

119.9100.780.330.214.511.415.763.793.9161.4151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9272.5405.8541.7635.1

34.534.337.031.530.734.724.631.928.6

25.327.833.429.235.527.527.329.326.6

$100,000and over

46.835.420.515.117.118.851.6140.9140.7146.797.1128.0151.4226.6251.2243.0322.9348.2430.7413.9611.4720.0867.1

1,031.61,015.61,000.01,064.1967.3699.9910.8

1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.54.362.66,549.315,069.115,437.8

1,748.81,678.83,442.72,397.93,043.53,392.72,759.11,936.82,017.0

1,846.72,350.63,757.33,250.63,226.42,968.12,123.23,133.11,898.7

1 Commercial and industrial failures only through 1983, excluding failures of banks, railroads, real estate, insurance, holding, andfinancial companies, steamship lines, travel agencies, etc.

Data for 1984-85 based on expanded coverage and new methodology and are therefore not generally comparable with earlier data.Data for 1985 are subject to revision due to amended court filings.

2 Failure rate per 10,000 listed enterprises.Sources: Department of Commerce (Bureau of Economic Analysis) and The Dun & Bradstreet Corporation.


AGRICULTURE

TABLE B-93.—Farm income, 1929-85


Year or quarter

1929 . .19331939

1940194119421943194419451946194719481949

195019511952195319541955 . . .1956195719581959

19601961196219631964196519661967 . .19681969

1970197119721973197419751976197719781979

19801981198219831984

1983- 1IIIllIV

1984- 1||IIIIV .

1985: 1II .Ill

Income of farm operators from farming

Gross farm income

Total »

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

100.6102.9108.7128.4150.7

149.6166.0161.6150.6174.0

152.9143.6151.7154.3

175.7167.3173.7179.8

168.0161.7150.6

Cash marketing receipts

Total

11.35.37.9

8.411.115.619.620.521.724.829.630.227.8

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

112.2131.5

139.8142.1142.9136.3141.8

143.2133.0141.2127.6

139.3139.0141.5147.6

137.61313132.6

Livestockand

products

6.22.84.5

4.96.59.0

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

29.530.535.645.841.343.146.347.659.269.2

68.069.270.369.472.7

71.068.967.970.0

75.570.871.273.5

72.367.368.5

Crops

5.12.53.3

3.54.66.58.19.29.7

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

21.022.325.541.151.145.849.048.653.062.3

71.872.972.766.869.1

72.264.173.357.6

63.868.270.374.2

65.364.064.1

Value ofinventorychanges2

-0.12

.3

.41.1-.1-.4-.4

.0181.7

— .9

.81.2

.9-.6

.5

.2-.5

.6

.8

.0

.4

.3

.6

.68

1.0-.1

.7

.1

.1

.01.4.9

3.4-1.6

3.4151.12.15.0

-5.95.8

-1.4-10.6

7.8

106-13.9-12.9

49

2.08.7

10.310.2

3.3.8

-.8

Produc-tion

expenses

7.74.46.3

6.97.8

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

44.547.151.764.671.075.082.788.9

101.0119.0

129.4136.1136.9135.6139.5

135.1134.9135.5136.9

139.2140.2140.0138.5

136.6134.7133.2

Net farm income

Currentdollars

6.22.64.4

4.56.59.9

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

14.415.019.534.427.325.620.119.827.431.7

20.229.824.615.034.5

17.88.7

16.217.3

36.527.033.641.2

31.427.017.4

1967dollars3

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

12.412.415.625.918.515.911.810.914.014.6

8.211.08.55.0

11.1

6.12.95.45.7

11.98.7

10.713.1

9.98.45.4

'Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney incomefurnished by farms.

2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.3 Income in current dollars divided by the consumer price index (Department of Labor).Note.—Data include net Commodity Credit Corporation loans and operator households.Source: Department of Agriculture, except as noted.

360


TABLE B-94.—Farm output and productivity indexes, 1929-85

[1977 = 100]

Year

192919331939

19401941194219431944

194519461947 .19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985P

Farm output

Total »

444248

5052585759

5860586362

6163666666

6969677374

7676778079

8279838585

8492919388

9597100104111

10311811695111

117

Crops 2

Total3

484349

5152585558

5659566461

5960626261

6363626968

7270717472

7673777980

7786879284

9392100102113

10111611888110

117

Feedgrains

383540

4144514749

4751395750

5147504951

5454586466

6962626859

7070797578

7192889174

9196100108116

9712112467115

132

Foodgrains

392736

4045484151

5355646253

4949635751

4850476955

6660565965

6767768074

6981778691

10810710093108

121144140117129

120

Oilcrops

6514

1616232320

2019222726

2626262628

3034333936

3843444646

5355566465

6668748771

8674100105129

9911412489106

119

Live-stockandprod-ucts2

505456

5760677269

6866656467

7073747477

7979787983

8286868991

8991949495

9910010199100

9599100101104

108109107109107

110

Productivity indicators

Farmoutputper

unit oftotalinput

454651

5254585758

5860586361

6161636465

6768697474

7778798281

8683868788

8794949590

9998100102105

101116117100116

117

Cropproduc-tionperacre4

484351

5354595558

5760576460

5959626261

6364657372

7778818381

8583868991

8896999988

9694100105113

100114117100111

118

Farm output per hour offarm work

Total

9911

1213141414

1516161819

1920222324

2628293335

3739414547

5253586263

6674788179

8994100108119

112131133120139

139

Crops

101012

1314151516

1618182020

2222242526

2830333837

4142454749

5659636668

7079848780

8991100105118

104120126105124

125

Live-stockandprod-ucts

141314

1415161616

1617171818

1920212223

2425262831

3235374043

4549535559

6468737682

8593100109117

129136143154162

160

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.

361


TABLE B-95.—Farm input use, selected inputs, 1929-85

Year

192919331939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982 .. . .19831984

1985 *

Farm populationApril1

Num-ber

(thou-sands)

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

7 6,1947 6,5017 6,2417 6,0517 5,7907 5,6207 5,7875,754

5,355

Asper-centof

totalpopu-lation2

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

4.74.54.64.54.3

4.13.8

7 2.87 2.97 2.87 2.77 2.57 2.47 2.52.4

2.2

Farm employment(thousands) 3

Total

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

4,5234,4364,3734,3374,389

4,3424,3744,1553,9573,774

3,7058 3,6413,5783,5183,461

3,365

Farm-

work-ers

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

4,1283,8543,6503,5353,419

3,3483,2753,2283,1693,075

3,0262,9972,8592,6892,501

2,4028 2,3242,2482,1742,103

2,018

Hiredwork-ers

3,4032,8652,727

2,6792,6522,5552,4362,231

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

1,3038 1,3171,3301,3441,358

9 1,347

Cropshar-

vested(mil-

lions ofacres) *

365340331

341344348357362

354352355356360

345344349348346

340324324324324

324302295298298

298294306300290

293305294321328

336337345338348

352366362306348

347

Selected indexes of input use (1977=100)

Total

999396

9797100102103

1009999100102

101104104103102

102101989899

9897979797

9696989797

9798979898

9699100102105

103102999596

100

Farmlabor

468456418

416410420414411

385369350340328

309309295284273

263248231221215

206198189183173

156146142137132

126123116114111

1071031009693

9290877980

Farmreal

estate

107100105

107105103102101

102106106107108

109109108108108

108106105104105

103103104104104

103102104102102

10510310210099

9798100100103

10310310310199

Me-chanicalpowerand

machin-ery

332734

3637444749

5049546268

7277818282

8384838384

8380807980

8082858686

8587869092

9698100104104

10198948988

Agri-culturalchemi-cals'

647

99101113

1314151618

1921232424

2627272832

3235384346

4956666973

7581869092

8396100107123

123129118105120

Feed,seed,andlive-stockpur-

chases6

282637

3942444848

5049515256

5862636365

6669687377

7781838385

8689928993

9610210410799

93101100108115

114108106106106

'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 7.2 Total population of United States including Armed Forces overseas, as of July 1.3 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-31) because of differences in the method of approach, in concepts ofemployment, and in time of month for which the data are collected.4 Acreage harvested plus acreages in fruits, tree nuts, and farm gardens.5 Fertilizer, lime, and pesticides.6Nonfarm constant dollar value of feed, seed, and livestock purchases.7 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of totalpopulation) 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; 7,029 and 3.0, respectively.8 Basis for farm employment series was discontinued for 1981 through 1984. Employment is estimated for these years.9 Includes agricultural service workers working on farms.

Note.—Population includes Alaska and Hawaii beginning 1960.Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).

362


TABLE B-96.—Indexes of prices received and prices paid by farmers, 1946-85

[1977=100]

Year or month

194619471948194919501951195219531954.19551956 ..19571958 .1959196019611962196319641965196619671968196919701971 . .19721973 ....1974197519761977197819791980198119821983 ..19841985..1984: Jan


1985: JanFeb . . .MarAprMayJuneJulyAugSeptOctNovDec

Prices received by farmers

Allfarmprod-ucts

52606355566663565451505155535253535352545855565960626998105101102100115132134139133134142128145144145145145144145143138138136135135135134131129128126121121123127128

Crops

53615952546162555653545252515152545555535552525052566091117105102100105116125134121127138120139138139140145144144143135137129125126125127125124122121114112111115117

Live-stockandprod-ucts

5060655658706456524947515753535253514954605760676767771049498101100124147144143145141146136151151151150145144145143141138143145145145141136134134130128128134138139

Prices paid by farmers

All

ities,services,interest,taxes,andwagerates »

30353836374142404040404243434444454545474949515355586271818995100108123138150157160164164163164164165165165164164164163164163165165164165165164164163162162163163

Production items

Total2

33394341424747444443434446464646474747485050505254576173839197100108125138148150153155151155155157157157156155154154152153152154154153153152151150150148148149149

Tractorsandself-pro-pelledmachin-

ery

39"4042444749515458688291100109122136152165174181178177177180180180182182182182182182182182182180180180111177177174174174174

Fertil-izer

4550555654575959595857585857575858575757565552484850525692120102100100108134144144137143135136136146146147147147147147141141139139139137137135135135135135130130128

Fuelsand

energy

49"4950505152535457798893100105137188213210202201201202203203203203203201199200201200198195192195201203204204203203202205206

Wagerates

20222322222526272727282930323333343536384144485357596369798593100107117126137144148150154150150150150150150150150150150150150154154154158158158154154154150150150

Adden-dum:Aver-agefarmreal

estatevalueperacre3

11131414141618181819192122232425262729313335384042434753667586100109125145158157148146128

146

128

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 for

April 1 for 1982 through 1985.


363


TABLE B-97.—U.S. exports and imports of agricultural commodities, 1940-85


Year

19401941 . .194219431944

19451946194719481949

19501951195219531954

1955 . . . .1956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

Jan-Nov:19841985

Total »

057

1.2212.1

2331403536

294.0342.831

324.2453.940

48505.05663

626.9646.360

737.794

177219

21923023.6294347

41243336.6361378

34.3264

Feedgrains

4

4

4

44

4)

m.413

2

.3

.2

3.43.56

55.889

1 11.31 1.99

111.0153546

52604.95977

98946.47381

7.355

Foodgrains2

(•»)01(4)( 1

1

.47

1.4151 1

61.11 1.7.5

61.010.89

12141.31517

141.8151.412

141.3184754

62473.65563

79967.97.475

6.941

Exports

Oil-seedsand

prod-ucts

(4)(4)4

01.1

(4)( 4 )( 1

2.3

.2

.3

.2

.2

.3

.4

.55.46

66.78

1.0

121.2131.313

192.2244357

455 16.68.289

9.4969.18.784

7.55.0

Cot-ton

0.21

.12.1

.3545

.9

1.01.1.9

.8

.5

.710

4

109

6.7

5.45.53

4.659

13

10101.51.72 2

2.9232.01.82 4

2.216

To-bacco

(4)m.12.1

.24.32.3

.3

.3

.2

.3

.3

.4

.3

.4

.43

4.4.44.4

.4

.5

.5

.5

.6

.5

.5778

.99

1.11.41.2

1.31.51.51.51.5

1.31.3

Ani-malsand

prod-ucts

0.13.8

121.3

.99.75.4

.3

.3

.4

.5

.6

.77.56

6.6.67.8

.8

.77.7.8

91.01 11618

1.7242.73.03.8

3.84.23.93.84.2

3.93.8

Total »

1.3171.3151.8

1.7232.8312.9

4.05.24.54.24.0

4.04.04.03.941

383.73.94.04.1

4.14.54.55.05.0

5.85.86.58.4

10.2

9.311.013.414.816.7

17.416.815.316.519.3

17.918.1

Crops,fruits,

andvege-

(4)01(*)1 l

.1

.12.12.2

.2

.2

.2

.2

.2

2.22.22

2.2.23

.3

.44.55

.5

.6

.7

.88

.8

.91.21.51.7

1.72.02.32.33.1

2.22.4

mports

Ani-malsand

prod-ucts

0.23.54.3

.44.46.4

71.1

.7

.6

.5

5.45.78

6.7.99.8

.91.21.11.31.4

1.61.51.82.62.2

1.82.32.33.13.9

3.83.53.73.84.1

3.73.8

Cof-fee

0.12.23.3

.35678

1 11.4141.51.5

141.4141.21 1

101.01.0101.2

1.11.11.01.2.9

1.21.21.31.71.6

1.72.94.24.04.2

4.22.92.92.83.3

3.13.0

Cocoabeansand

prod-ucts

4

4

4

4

4

(4)012212.22.23

2.22.22

22

2.2

.1

.1

.2

.2

.2

.3

.2

.2

.3

.5

.5

.61.01.41.2

.9

.9

.7

.81.1

1.01.2

Agri-cultural

tradebalance

-0.810

_ i63

.58

1237

-1 1-1.1-1 1-1.3_ 9

- 8.26

(*)1

101.31.2162.3

2.12.41.91.31.1

1.51.92.99.3

11.7

12.612.010.214.618.0

23.926.621.319.618.5

16.48.3

1 Total includes items not shown separately.2 Rice, wheat, and wheat flour.3 Includes nuts, fruits, and vegetable preparations.4 Less than $50 million.Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commodities

are defined as (1) nonmarine 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.

364


TABLE B-98.—Balance sheet of the farm sector, 1939-84


End of year

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974 3

19751976197719781979

19801981198219831984"

Assets

Total

53.0

54.862.973.684.093.8

102.9115.9127.4134.6134.5

154.3170.1167.6164.5168.9

173.6182.7191.3208.4210.2

210.9219.3227.6235.7243.8

260.8274.2288.0302.8314.9

326.0351.8394.8478.6502.7

576.4664.3736.6873.2

1,015.3

1,108.31,111.11,082.01,061.4

955.8

Realestate

33.6

34.437.541.648.253.9

61.068.573.776.677.6

89.598.5

100.198.7

102.2

107.5115.7121.7131.1137.2

138.5144.5150.2158.6167.5

179.2189.1199.7209.2215.8

223.2239.6267.4327.8359.7

418.2496.4554.8654.7765.7

846.6846.7808.6798.0693.7

Live-stock1

5.1

5.37.19.69.79.0

9.711.913.314.412.9

17.119.514.811.711.2

10.611.013.917.715.2

15.616.417.315.914.5

17.619.018.820.223.5

23.727.334.142.424.5

29.429.031.951.361.4

60.653.553.049.749.6

Other physical assets

Machin-ery andmotor

vehicles

3.1

3.24.04.95.46.5

5.45.37.4

10.112.2

14.116.717.418.418.7

19.320.220.121.822.7

22.222.523.523.924.8

26.027.429.831.332.3

34.436.639.344.254.7

64.071.076.985.196.7

102.5108.8108.8105.899.4

Crops2

2.7

3.03.85.16.16.7

6.37.19.08.67.6

7.98.89.09.19.6

8.38.37.69.37.7

8.08.89.39.89.2

9.710.09.6

10.610.9

10.711.814.522.023.3

21.322.124.828.033.5

36.536.140.633.233.7

House-hold

equip-mentand

furnish-ings

4.2

4.14.84.84.75.2

5.57.28.18.98.4

9.610.19.59.59.7

10.09.69.69.49.2

8.78.98.88.88.4

8.48.38.89.49.6

10.010.811.912.311.2

11.712.113.716.017.2

19.420.823.024.426.1

Financial assets

Depos-its

andcur-

rency

3.2

3.54.25.46.67.9

9.410.29.99.69.1

9.19.49.49.49.4

9.59.49.5

10.09.2

8.78.89.29.29.6

10.010.310.911.511.9

12.413.114.014.914.0

14.514.815.115.515.9

16.216.717.418.219.8

U.S.savingsbonds

0.2

.4

.51.12.23.4

4.24.24.44.64.7

4.74.74.64.75.0

5.25.15.15.24.7

4.64.54.44.24.2

4.03.93.83.73.7

3.63.74.04.23.8

3.93.83.94.24.0

3.83.63.53.63.6

Invest-ments incooper-atives

0.8

.9

.91.01,11.2

1.41.51.71.92.1

2.32.52.72.83.0

3.23.43.73.94.2

4.54.85.05.45.6

5.96.26.56.87.2

8.08.89.8

10.911.4

13.414.915.418.320.8

22.824.827.228.529.8

Claims

Total

53.0

54.862.973.684.093.8

102.9115.9127.4134.6134.5

154.3170.1167.6164.5168.9

173.6182.7191.3208.4210.2

210.9219.3227.6235.7243.8

260.8274.2288.0302.8314.9

326.0351.8394.8478.6502.7

576.4664.3736.6873.2

1,015.3

1,108.31,111.11,082.01,061.4

955.8

Realestatedebt

6.6

6.56.46.05.44.9

4.84.95.15.35.6

6.16.77.27.78.2

9.09.8

10.411.112.1

12.813.915.216.818.9

21.223.125.127.429.2

30.332.235.139.544.7

49.755.363.571.685.6

95.8105.8110.0112.6111.6

Otherdebt

3.4

4.04.13.93.53.4

3.13.54.26.16.9

6.98.08.99.29.4

9.89.5

10.012.512.7

13.414.616.218.117.9

19.520.922.323.123.8

24.127.429.833.837.1

42.048.859.569.580.5

86.596.3

107.2103.6100.9

Propri-etors'

equities

43.0

44.352.463.775.185.4

95.0107.5118.1123.3122.1

141.2155.5151.5147.6151.2

154.8163.4170.8184.7185.4

184.7190.9196.2200.8207.0

220.1230.2240.6252.3261.9

271.5292.2330.0405.2420.9

484.7560.2613.6732.1849.3

926.0909.0864.8845.1743.3

1 Beginning with 1959, 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 1974, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.

Note.—Data include operator households. Beginning 1959, data include Alaska and Hawaii.


365


INTERNATIONAL STATISTICS

TABLE B-99.— U.S. international transactions, 1946-85

[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits ( + ), debits (-)]

Year orquarter

1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1983:1IIIllIV

1984:111IllIV

1985:1III l l"

Merchandise * 2

Exports

11,76416,09713,26512,213

10,20314,24313,44912,41212,929

14,42417,55619,56216,41416,458

19,65020,10820,78122,27225,501

26,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107,088114,745120,816142.054184,473

224,269237,085211,198201,712219,916

49,53549,04849,99253,137

53,46954,55655,64956,242

55,30253,62452,310

Imports

-5,067-5,973-7,557-6,874

-9,081-11,176-10,838-10,975-10,353

-11,527-12,803-13,291-12,952-15,310

-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

-98,185-124,228-151,907-176,001-212,009

-249,749-265,063-247,642-268,928-334,023

-58,418-64,928-70,689-74,893

-78,091-84,181-84,626-87,127

-78,756-82,21-85,452

Net

6,69710,1245,7085,339

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

-31,091-33,947-27,536

-25,480-27,978-36,444-67,216

-114,107

-8,883-15,880-20,697-21,756

-24,622-29,625-28,977-30,885

-23,454-28,58-33,14

Investment income3

eceipts

7721,1021,9211,831

2,0682,6332,7512,7362,929

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

72,50686,41184,76878,02387,609

17,93519,17220,98519,932

23,50220,89521,76921,445

18,86822,27924,039

Payments

-212-245-437-476

-559-583-555-624-582

-676-735-796-825

-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

-12,564-13,311-14,217-21,680-32,960

-42,120-52,329-55,273-52,621-68,500

-12,283-12,856-13,588-13,893

-15,268-17,277-18,513-17,442

-16,33-16,892-16,490

Net

560857

1,4841,355

1,5092,0502,1962,1122,347

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

12,78715,97517,96220,56531,172

30,38634,08229,49525,40219,109

5,6526,3167,3976,039

8,2343,6183,2564,00

2,535,387,54

Netmilitary:ransac-

tions

-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

-2,237-1,183

-318-162

-1,765

703-7

-126-669

-346-59-25-57

-21-58-48

Nettraveland

ranspor-tationeceipts

733946374230

-120298

83-238-269

-297-361-189-633-821

-964-978

-1,152-1,309-1,146

-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

-992-4,721-8,974

-448-1,116-1,422-1,735

-1,753-2,050-2,574-2,597

-2,35-3,054-3,02

Otherserv-ices,net3

310145175208

242254309307305

299447482486573

579594809960

1,041

1,3871,3651,6121,6301,833

2,1802,4952,7663,1843,986

4,5984,7115,2726,0135,735

7,2778,1218,3459,5579,791

2,2602,4622,2902,544

2,5822,4122,4522,344

2,412,572,62

Balanceon goods

andervices * 4

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

-9,894-10,321

4,659

8,95013,186

84-37,141-95,945

-716-8,289

-12,558-15,577

-15,905-26,238-26,093-27,710

-21,075-24,268-26,483

Remit-tances,

pensions,and otherunilateralransfers J

-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

5 -7,186

-4,613-4,998-4,617-5,106-5,649

-7,077-6,847-8,135-8,852

-11,413

-1,606-1,875-2,204-3,166

-2,212-2,232-2,876-4,095

-3,17-3,42-3,96

Balanceon

currentac-

count 1 4

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

-14,511-15,427

-991

1,8736,339

-8,051-45,994

-107,358

-2,322-10,164-14,762-18,743

-18,117-28,470-28,969-31,805

-24,247-27,696-30,451

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.4 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, capital gains and losses, etc.), revisions, etc.


366


TABLE B-99.—U.S. international transactions, 1946-85—Continued

[Millions of dollars; quarterly data seasonally adjusted, except as noted]

Year orquarter

1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966 . .196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1983- 1IItilIV

1984:1IIIllIV

1985:1III l l"

U.S. assets abroad, net[increase/capital outflow (-)]

Total

-4,099-5,538

4174-7,270

9560

-5,716-7,321-9,757

-10,977-11,585

-9,337-12,475-14,497-22,874-34,745

39,703-51,269-34,785-61,130-64,331

-86,118111 031

-119,218-55,045-20,447

-26,127-1,128-9,814

-17,976

-4,976-18,988

18,364-14,846

-365-2,455

9999

U.S.officialreserveassets *

-623-3,315-1,736

-266

1,758-33

-4151,256

480

182-86911652,2921,035

2,145607

1,535378171

1,22557053

-870-1,179

2,4812,349

-4158

-1,467

-849-2,558

-375732

-1,133

-8,155-5,175-4,965-1,196-3,131

78716

529953

-657566

-799-1,110

-233-356

121

OtherU.S.

Govern-mentassets

1 100-9101085

-1,6621680

1605-1,543

2423-2,274-2,200

-1,589-1,884-1,568-2,644

5 366

3,474-4,214-3,693-4,660-3,746

-5,162-5,097-6,131

5006-5,516

1 135-1,263-1,171

1436

-2,059-1,353-1,369

-734

-850-853-420

U.S.privateassets

5144-5,235

4623-5,986

8050

5336-6,347

7386-7,833-8,206

-10,229-12,940

12925-20,388-33,643

35,380-44,498-30,717-57,202-59,453

-72,802-100,758-108,122-48,843-11,800

24205119

-9,172-15,587

-2,260-17,070

20,532-13,003

718-1,246-9,458

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

58,11283,32294,44784,32297,319

15,15815,60819,53934,017

19,27741,592

3,14033,310

13,71126,31333,909

Foreignofficialassets

1,473765

1,2701,9861,660

134-6723,451-774

-1,301

6,90826,87910,4756,026

10,546

7,02717,69336,81633,67813665

15,4974,9603,6725,7953,424

1611,706

-2,6666,916

-2,786-224-6867,119

-11,2048,4652,415

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002

550-3,90910,98612,36223,696

8,64318,82614,50330,35852,416

42,61578,36290,77578,52693,895

15,31913,90222,20527,101

22,06341,816

3,82526,191

24,91517,84931,494

Alloca-tions ofspecialdrawingrights(SDRs)

867717710

l',139"

1,1521,093

Statisticaldiscrepancy

Total(sum of

the itemswith signreversed)

-1,019-989

-1,124-360

907

-458629205438

-1,516

-219-9,779

1879-2,654-1,458

5,91710,544

-2,02312,52125,431

24,98220,27632,82116,71730,486

13,291-4,316

5,0372,702

3,8165,8667,466

13,341

10,9013,8376,541

Of which:Seasonaladjust-ment

discrep-ancy

-68083

-2,9533,547

-455573

-3,2744,305

-384-570

-3,487

5 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

(IMF).

Note.—Quarterly data for U.S. official reserve assets and foreign assets in the United States are not seasonally adjusted.


367


TABLE B-100.—U.S. merchandise exports and imports by principal end-use category, 7963-85

[Billions of dollars; quarterly data seasonally adjusted]

Year orquarter

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1983:1III l lIV

1984:1III l lIV

1985:1I II I I " . .

Exports

Total

26.529.330.733.636.4

42.543.349.471.498.3

107.1114.71208142.1184.5

224.3237.1211.2201.7219.9

49.549.050.053.1

53.554.655.656.2

55.353.652.3

Agricul-tural

products

6.36.96.56.36.1

7.47.89.5

18.022.4

22.223.424329.935.6

42.244.037237.238.3

8.88.89.4

10.1

10.09.59.19.7

8.27.16.5

Nonagricultural products

Total

20.222.424.227.330.3

35.135.539.953.475.9

84.891.4965

112.2148.9

182.1193.11740164.5181.6

40.740.240.643.0

43.545.146.546.5

47.146.545.8

Indus-trial

suppliesandmate-rials

7.68.28.59.6

10.4

12.310.911.816.926.2

26.728.329733.751.8

64.963.357352.256.3

13.112.912.913.3

13.214.214.614.3

13.913.213.2

Capitalgoodsexcept

automo-tive

818.99.9

11.112.4

14.715.416.922.030.9

36.639.139846.558.8

74.281.673.768.973.7

17.416.817.017.7

17.718.218.619.2

19.318.818.7

Auto-motive

1.92.42.8353.9

3.94.75.57.08.8

10.812.213.515.718.4

17.519.817.418.722.3

4.14.64.65.3

5.55.45.85.6

6.06.26.4

Other

2.62.93.03.23.7

4.34.55.67.6

10.0

10.711.713516.219.8

25.428.325.624.829.2

6.25.96.16.6

7.17.37.57.4

8.08.37.4

Imports

Total

21.525.526.933.035.8

39.945.655.870.5

103.8

98.2124.21519176.0212.0

249.8265.1247.6268.9334.0

58.464.970.774.9

78.184.284.687.1

78.882.285.5

Petrole-um and

products

2.02.12.12.42.6

2.93.64.78.4

26.6

27.034.645.042.360.5

79.377.861.355.057.5

10.713.816.314.2

13.914.914.214.5

10.513.112.6

Nonpetroleum products

Total

19.523.424.830.633.2

36.941.951.162.177.2

71.289.7

106.9133.7151.5

170.5187.3186.4213.9276.5

47.751.254.460.7

64.269.270.472.7

68.369.172.9

Indus-trial

suppliesand

mate-rials

9.110.210.012.011.7

12.313.616.019.227.4

23.629.135.041.348.5

54.057.450.054.767.0

12.513.214.015.0

15.817.416.717.1

15.515.616.0

Capitalgoodsexcept

automo-tive

1 52.22.5283.4

4 04.35.98.39.8

10.212.314.019.725.0

31.236.738.343.161.2

9.29.8

11.112.9

13.814.916.016.5

15.314.816.0

Auto-motive

091.82.44.05.1

5.77.69.0

10.712.4

12.116.819.425.026.4

27.930.934.143.557.2

9.510.510.612.8

13.414.214.315.4

14.415.616.6

Other

8.09.29.9

11.813.0

15016.520.223.927.5

25.331.438.647.751.6

57.462.363.972.791.1

16.617.618.619.9

21.2??823.423.7

23.023.124.3

Note.—Data are on an international transactions basis and exclude military shipments.


368


TABLE B-101.— £7.5". merchandise exports and imports by area, 1976-85


Item

Exports .

Industrial countries

CanadaJapan . .Western EuropeAustralia, New

Zealand, and SouthAfrica

Other countries, exceptEastern Europe

OPEC2

Other3

Eastern Europe

Internationalorganizations andunallocated

Imports

Industrial countries .

CanadaJapanWestern EuropeAustralia, New

Zealand, and SouthAfrica

Other countries, exceptEastern Europe

OPEC2

Other 3

Eastern Europe

Internationalorganizations andunallocated

1976

114,745

72,335

263361019631,883

3920

38287

11,56126,726

4,123

124,228

67665

26,65215,53123,003

2479

55379

27,40927970

875

309

1977

120,816

76,970

2853310,56634,094

3777

40951

1287728,074

2895

151,907

79,447

29,8641856528,226

2792

70679

35,77834901

1,127

654

1978

142,054

87,948

3122912,96039,546

4213

50213

14,84635,367

3,893

176,001

99,344

33,7562454036,608

4440

74397

- 33,28641 111

1,508

752

1979

184,473

115,930

3869017,62954,177

5,434

62630

14,55648,074

5,913

212,009

112,797

39,22726,26041,817

5493

96131

45,03951092

1,896

1185

1980

224,269

137,152

4162620,80667,603

7,117

82941

17,36865,573

4143

33

249,749

127,884

42,90131,21647,235

6532

119 135

55,60263533

1444

1287

1981

237 085

141,900

460162179665,108

8980

90657

21,09769,560

4440

88

265,063

144 322

48,2533759752,864

5608

119 188

4993469254

1553

1982

211,198

127,254

3920320,69459,701

7656

80130

20,65159,479

3749

65

247,642

144 139

48,5233768352,900

5033

102 414

3151770897

1066

23

1983

201,712

128,202

4437421,78955,434

6,604

70140

15,25654,884

2988

383

268,925

159 920

56,0104284555,624

5444

107 592

2528382309

1413

1984

219,916

141,021

5306723,24056,866

7849

74214

13,77160,443

4,290

390

334,023

207 127

69,2296021172,054

5633

124 679

2685297827

2,217

1985 first3 quartersat annual

rate1

214,981

140,017

55,16922,23655,556

7,056

71332

11,56459,768

3,153

479

328,559

212713

70,1356298573,979

5619

114 041

2083693205

1800

1 Preliminary; seasonally adjusted.2 Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.3 Latin 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.Source: Department of Commerce, Bureau of Economic Analysis.

369


TABLE B-102.— U.S. merchandise exports and imports by commodity groups, 7966-85

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

196619671968196919701971197219731974

1974*....1975* ....1976*....1977* ....1978*....1979*....1980

19811982198319841984:

Jan....Feb....Mar...Apr....May...June..July . .Aug. .Sept.Oct...Nov..Dec..

1985:Jan...Feb...Mar..Apr...May..June.July..Aug..Sept.Oct...Nov..

Merchandise exports

domes-tic andforeignxports l

Domestic exports

Total12Food,bever-ages,and

tobacco

Crudemateri-als andfuels3

Manu-facturedgoods4

F.a.s. value7

29,49031,03034,06337,33242,65943,54949,19970,82397,998

98,092107,652115,223121,232143,681181,860220,630

233,677212,193200,486217,865

17,88917,20817,90617,52017,97817,70519,15418,12318,21018,41118,39519,142

19,40117,85318,44617,77917,41417,43817,41217,42317,73217,36817,976

29,05430,64633,62636,78842,02542,91148,39969,73096,634

96,679106,161113,549119,024141,142178,633216,515

228,899207,076195,917212,034

17,41016,78217,39017,07117,49317,25018,67517,66517,70917,88617,85718,623

18,85217,35817,88117,29816,89316,85816,85716,94517,24116,87217,482

5,1864,7104,5924,4465,0585,0766,56912,93815,233

15,23316,79317,23415,96320,60424,58730,407

33,20626,97726,97927,312

2,3582,1702,4772,1512,1501,8802,1552,1312,5862,3362,5062,413

2,1611,9951,9731,9131,6031,6141,6041,7831,7091,8362,128

4,4044,7264,8655,0066,6926,4417,09110,73515,802

15,80215,19716,09518,57920,95728,22233,719

33,02233,51829,55531,482

2,5412,4272,8062,5752,8182,6442,7332,6092,4402,3522,4542,988

2,5622,5422,3862,3362,1642,1812,2652,4362,3692,3382,368

19,21820,84423,81826,78529,34430,44333,74044,73163,523

63,52370,95177,24180,15194,473116,587143,891

154,283139,716132,409143,142

11,82611,40711,29011,54111,68411,83412,74611,85411,94612,32912,14812,409

13,28211,96712,53812,14112,16612,12712,01011,89412,14511,79912,134

Merchandise imports

General imports5

Total2Food,bever-ages,and

tobacco

Crudemateri-als andfuels3

Manu-facturedgoods4

Customs value

25,61826,88933,22636,04339,95145,56355,58369,476101,394

4,5904,7015,3655,3086,2306,4047,3799,23510,701

5,7185,3676,0316,3916,5427,2688,83813,44631,842

14,44615,75620,62423,01125,90730,41437,76745,00156,202

F.a.s. value 7

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

260,982243,952258,048325,726

26,20526,42026,94828,07426,01225,27631,33426,86628,40926,78327,33125,933

28,29727,98528,12928,29528,68529,42526,63026,08331,76427,59430,285

18,35017,81718,81921,626

1,7591,7731,8652,0281,7611,5762,0021,7111,8031,9241,7051,719

1,9321,8172,1281,8041,9191,9121,6411,7191,9031,5981,865

92,87374,40468,03772,758

6,0606,1066,2916,6185,6486,0496,4975,8155,7556,1066,1585,689

5,3734,9884,3725,7645,6095,9585,1004,8425,5735,6595,656

142,475144,022163,449221,515

17,56917,85718,02218,48917,81516,83121,82418,59820,02718,03718,49917,777

19,87920,34720,7161981220,19820,65318,9018,7623,2919,43221,833

Total,c.i.f.value6

28,74535,32038,24142,42948,34258,86273,573108,392

110,875105,880132,498160,411186,045222,228256,984

273,352254,885269,878341,177

27,39727,58728,17829,40127,26226,46132,92528,21329,75328,06428,61727,176

29,68729,29929,49229,62930,08030,85327,92027,32733,28228,8231,65

Merchandise trade balance

Exportsless

imports,customsvalue

38724,141837

1,2892,708

-2,014-6,3841,348

-3,396

-27,305-31,759-57,562107 861

-8,316-9,212-9,043-10,553

8 034-7,571-12,180-8,743-10,200-8,372-8,9376791

8896-10,131-9,68310516

-11,271-11,987-9,219-8,660-14,032-10,226-12,310

Exportsless

imports,f.a.s.

44679,1498254

-29,158-31,076-27,599-24,241

Exportsless

imports,c.i.f.

2,283-1,257-909230

-4,793-9,6632,752

-10,395

127831,77217274

-39,179-42,364-40,368-36,354

-39,675-42,691-69,392123 312

-9,508-10,37910,272

-11,8809284

-8,75513,771

-10,090-11,543-9,653-10,222-8,033

-10,285-11,446-11,046-11,850-12,666-13,415-10,509

9904-15,550-11,453-13,682

1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excludedfrom total exports.

2 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.5 Total arrivals of imported goods other than intransit shipments.6 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 beginning 1980 include trade of the U.S. Virgin Isjands, except that for 1980 Virgin Islands exports are reflected only in the figuresfor 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).

370


TABLE B-103.—International investment position of the United States at year-end, 1977-84


Type of investment

Net international investment position of the United States...

U S assets abroad

U S official reserve assets

GoldSpecial drawing rightsReserve position m the International Monetary

FundForeign currencies

Other U.S. Government assets, other than officialreserve assets

U S loans and other long-term assetsRepayable in dollarsOther

U.S. foreign currency holdings and U.S. short-term assets

U.S. private assets

Direct investment abroadForeign securities

BondsCorporate stocks

U.S. claims on unaffiliated foreigners reportedby U S nonbanking concerns

U.S. claims reported by U.S. banks, not includedelsewhere

Foreign assets in the United States

Foreign official assets in the United States

U S Government securitiesU S Teasury securitiesOther

Other U S. Government liabilitiesU.S. liabilities reported by U.S. banks, not in-

cluded elsewhere. ..Other foreign official assets

Other foreign assets in the United States

Direct investment in the United StatesU S Treasury securitiesU.S. securities other than U.S. Treasury securi-

tiesCorporate and othe: 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

1977

72.7

3791

193

1172.6

49.0

495

47745.226

18

310.2

146.049439.310.1

22.3

926

3064

1409

1054101.1

4310.3

1807.2

165.5

34.676

512115398

11.9

602

1978

76.1

4478

18.7

1171.6

1.04.4

54.2

52349.824

19

375.0

162.753442.111.2

28.1

1308

3717

1731

1285124.0

45127

2338.5

198.7

42.589

53611542 1

16.0

777

1979

94.5

5106

19.0

1122.7

1.33.8

58.4

56.554.124

19

433.2

187.956842.014.8

31.5

1570

4161

1599

1066101.7

49127

3059.9

256.3

54.5142

586103483

18.7

1103

1980

106.0

6069

26.8

11226

2910.1

635

61859.622

17

516.6

215.462743519.2

34.7

2039

5008

1761

1182111.3

69134

30414.1

324.8

83.0161

74 195

646

30.4

121 1

1981

140.7

7197

301

11241

519.8

684

67064.723

14

621.2

228.363545817.7

35.9

2935

5790

1804

1251117.0

81130

26715.5

398.6

108.7185

754107646

30.6

1654

1982

147.0

8390

340

11 153

7 310.2

743

72770.720

17

730.7

221.875756.719.0

28.6

4046

6920

1892

1326124.9

77137

25017.9

502.8

124.7258

936168768

275

2313

1983

106.2

8938

337

11 150

11.36.3

79.2

77.675.719

17

780.8

227.084357.726.6

35.1

434.5

787.6

194.5

1370129.7

7314.3

25517.7

593.1

137.1339

1147175973

26.8

2806

1984

28.2

9147

349

11 15.6

11.56.7

84.6

82.780.818

20

795.1

233.489962.027.9

28.8

4430

8864

1990

1429135.4

76147

26215.2

687.4

159.6569

1282323959

30.5

3123


371


TABLE B-104.—International reserves, selected years, 1952-85

[Millions of SDRs; end of period]

Area and country

All countries

Industrial countries

United StatesCanadaAustraliaJapanNew Zealand

Austria . . .BelgiumDenmarkFinland.France

GermanyIcelandIrelandItalyNetherlands

NorwaySpainSwedenSwitzerlandUnited Kingdom

Developing countries-. TotalBy area:

AfricaAsia .EuropeMiddle EastWestern Hemisphere

Memo:Oil-exporting countriesNon-oil developing countries

1952

49,388

38582

247141944

9201 101

183

1161,133

150132686

9608

318722953

164134504

1,6671,956

10,272

1,7863,721

9661 1832 616

1 fiQQ

8 573

1962

62,851

52535

1722025611,1682021

251

10811,753

256237

4,049

695832

3594,0681943

3041045

8022,9193308

10202

2,1102,658134818052 282

o nqn

8 172

1972

147,323

110 282

1211255725,656

16,916767

25053,564

787664

9,224

2190878

10385,6054,407

1,2204,61814536,9615,201

36,083

3,9627,171642594369089q qce

26 127

1981

363,400

212 693

2550237171,713

25,083580

52795,4512,2461319

21,991

40892199

229019,6319,562

5,41497943306

14,92513,757

144,377

10,94731,728

7,8445981934040cq oqi74986

1982

360,807

211918

2991834286,053

22001577

55444,7572,1111420

17,850

43909133

239015,10710723

6,2737,4503397

16,93011,904

141,023

7,64236,7127016

6409425 560

67 1fi3

73 860

1983

393,947

232 234

3083140168,838

24346744

50525,69935151227

21,826

44092144

253421,28411253

6,37375814065

17,27511,496

150,241

7,30444,5448154

6225427 986e7 onnQO n/o

1984

436,430

252 033

3351732467,869

278111824

50705,85331272854

24227

44282132

24122354910961

9596127094 135

18,52010297

168 261

7,13550,3669702

5948341 574

cq dciQO orjq

1985

Novem-ber

430,131

251 439

3824631105,834

250541494

46445,56452343681

24,478

43918163

304218,63811 136

12,787114213493

16,82412635

160 238

7,74746,048105245991336 005

70 T71

89 866

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 U.S.S.R., 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; 1984-.98021; and November 1985-1.09319.

Source: International Monetary Fund, "International Financial Statistics."

372


TABLE B-105.—Exchange rates, 1967-85

[Cents per unit of foreign currency, except as noted]

Period

March 1973

196719681969

19701971197219731974

19751976197719781979

1980198119821983 . .1984

1985

1984-1IIHIIV

1985-IIIIllIV

March 1973

196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985

1984- 1||IIIIV

1985:1IIIllIV

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

1.6968

1.81191.80951.69501.6230

1.53151.60831.73991.9074

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

30.370

32.86532.73830.36529.011

27.17428.68531.25334.367

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

73.226

79.66377.36676.11175.837

73.87573.01373.52472.493

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

11.672

12.55612.49211.88711.477

10.78911.17911.92312.796

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

11.220

12.06012.00411.16010.673

10.05010.61611.52912.686

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

41.058

45.52544.51440.93839.726

36.33238.56542.48146.856

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

34.247

37.05236.89134.25132.726

30.72832.38035.16238.719

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

129.56

143.50139.58129.65121.50

111.52125.56137.63143.53

Italian lira

0.17604

.16022

.16042

.15940

.15945

.16174

.17132

.17192

.15372

.15328

.12044

.11328

.11782

.12035

.11694

.08842

.07411

.06605

.05708

.05255

.06019

.05967

.05558

.05288

.04949

.05074

.05285

.05713

Japanese yen

0.38190

.27613

.27735

.27903

.27921

.28779

.32995

.36915

.34302

.33705

.33741

.37342

.47981

.45834

.44311

.45432

.40284

.42128

.42139

.42248

.43326

.43539

.41055

.40635

.38837

.39874

.41977

.48302

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

87.4102.9116.6125.3138.3

143.2

131.6132.8141.7147.2

156.5149.1139.2128.2

Real1

100.0

98.899.2

93.997.393.184.283.2

84.8100.8111.7117.3128.5

132.0

122.2123.1132.0136.5

144.2137.0128.5118.3

1 Adjusted by changes in consumer prices.Source.- Board of Governors of the Federal Reserve System.

373


TABLE B-106.—World trade: Exports and imports, 1965, 1970, 1975, and 1981-85

[Billions of U.S. dollars]

Area and country

Developed countries 3

United StatesCanada ... . . .Japan

European Community 4

FranceWest GermanyItalyUnited Kingdom

Other developed countries

Developing countries

OPEC5

Other

Communist countries 6

U S S REastern EuropeChina

TOTAL -.


United StatesCanadaJapan





OPEC5

Other


U S S REastern EuropeChina . . .

TOTAL .

1965

1313

2758.48.4

65.1

10.217.97.2

13.8

219

338

10323.5

232

8211.82.0

188.3

1387

2328.782

705

1041767.4

16.1

28.1

35.2

6.428.8

22.5

8011.618

196.4

1970

2265

43216.719.3

113.3

18.134.213.219.4

340

509

16934.0

349

12818.22.2

312.3

2379

42714.2189

1186

19129915021.9

435

514

9.941.5

34.1

11718.52 2

3234

1975

5849

108134.155.8

299.6

53.190.234.843.4

87.3

2030

111791.3

90.3

33445.3

7.1

878.2

6185

105936.2579

3066

54074938553.3

1119

180.2

52.1128.1

100.8

37151.374

8995

1981

12593

233772.7

151.5

612.4

106.4176.175.3

102.2

189.0

5319

2735258.4

205.2

79483.821.5

1,996.4

13613

273370.3

1429

6453

1209163991.0

102.7

2295

485.5

156.1329.4

200.1

73287.5194

20469

1982

Exports, f.o.b

11952

212371.2

138.4

590.0

96.7176.473.597.0

183.3

461.4

214.9246.5

223.9

87.291.422.9

1,880.5

Imports, c.i.

1 279.7

254958.4

1315

6154

1157155486.299.7

219.5

467.3

171.4295.9

203.1

77887.1179

1,950 1

1983

.2

1 1804

200576.5

147.0

574.4

94.9169.4

72.791.6

1820

4328

1759256.9

2354

91796.723.5

1,848.6

.7

12570

269965.1

1264

5907

1054152.980.4

100.1

2049

429.5

145.6283.9

213.1

80491.7197

18996

1984

12562

217990.3

169.7

584.5

97.6171.773.393.8

1938

4581

1704287.7

2444

915101.1

27.4

1,958.7

13668

341 278.5

1362

5992

1037153.0

84.2104.9

2117

424.2

132.8291.4

224.4

80494.9267

20154

1985 !

13127

214193.2

176.5

616.6

100.01841

77.01006

2123

4283

1415286.8

2564

1000102828.0

1,997.4

14420

3579824

1369

6293

1066160.3928

109.1

2355

4101

116.92932

258.9

970973387

2 1110

1 Preliminary estimates.2 Free-on-board ship value.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, and

Venezuela.6 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.

374


TABLE B-107.— World trade balance and current account balances, 7963, 7970, 7975, and 79S7-&5

[Billions of U.S. dollars]

Area and country

Developed countries3

United StatesCanadaJaoan

European Community4




OPEC5

Other


U S S REastern EuropeChina

TOTAL7

Developed countries3

United StatesCanadaJapan

European Community4


Other developed countries ....


OPEC5

Other

Communist countries9

U.S.S.REastern EuropeChina

TOTAL

1965 1970 1975 1981 1982 1983 1984 1985 '

World trade balance2

-7.4

4.3-.3

-5.4

-.2.3

-.223

-6.2

-1.4

3.953

.7

.2

.2

.2

81

-11.4

.52.5

.4

-5.3

-1.04.3

-1.825

-9.5

-.5

7.075

.8

1.1-.3

.0

11 1

-33.6

2.2-2.1

2 1

-7.0

-.915.3

-3.799

-24.6

22.8

59.6368

105

-3.7-6.0

3

-21.3

-102.0

3962.48.6

-32.9

-14.512.2

-15.7

-40.5

46.4

117.4710

5.1

6.2-3.7

2.1

505

-84.5

42612.86.9

-25.4

-19.021.0

-12.7-2.7

-36.2

-5.9

43.5494

20.8

9.44.35.0

696

-76.6

69411.420.6

-16.3

-10.516.5

-7.785

-22.9

3.3

30.3-27.0

22.3

11.35.03.8

510

-110.6

123311.833.5

-14.7

-6.118.7

-10.911 1

-17.9

33.9

37.637

20.0

11.16.2

.7

567

-129.3

-143.810.839.6

-12.7

-6.623.8

-15.8-8.5

-23.2

18.2

24.664

25

3.05.5

-10.7

1136

Current account balances 8

3.2

5.4-1.0

.9

.8

162.2-.1

-2.9

-.2

4.7

2.31.12.0

2.8

.1

.9

.82.0

-3.5

-8.5

580

-.8

.18

-.1

46

0.1

18.1-4.77

3.3

2.74.0-.6

-3.3

-15.9

2.3

27.0-24.7

-11.1

-4.664

— 1

87

-31.2

6.3-5.1

4.8

-12.2

-4.7-5.5-8.113.1

-25.0

-30.2

46.6-76.8

6

-.2373.3

620

-32.7

802.26.8

-11.1

-12.13.4

-5.58.1

-22.6

-79.2

186-60.6

13.8

4.31.77.8

-98.1

-25.0

4081.4

20.8

4.5

-4.44.1.8

4.8

-10.9

-55.1

205-34.6

13.9

4.73.85.4

662

-66.3

10152.0

35.0

3.8

-.86.3

-3.01.2

-5.6

-36.4

-18.1-18.3

10.5

4.54.02.0

-92.2

536

1099.0

47.5

11.7

.712.7

-7.24.2

-2.9

-53.0

-26.0-27.0

.01.5

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.6 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.

«OECD basis.9 Includes only countries listed.Sources-. International Monetary Fund, Organization for Economic Cooperation and Development, and Council of Economic Advisers.

375


TABLE B-108.—Industrial production and consumer prices, major industrial countries, 1960-85

Year or quarter

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985"

1984:1III I IIV

1985- 1III l lIV

1960196119621963196419651966196719681969

19701971 .19721973197419751976197719781979

198019811982198319841985

1984:1III I IIV

1985:1IIIllIV

UnitedStates Canada Japan

EuropeanCommu-

nity1France West

Germany Italy UnitedKingdom

Industrial production ( 1977 = 100) 2

48.849.153.256.360.166.172.073.577.681.2

78.579.687.394.493.084.892.6

100.0106.5110.7

108.6111.0103.1109.2121.8124.5

119.3121.5123.4123.1

123.8124.2124.8125.2

41.350.046.649.654.158.763.065.569.774.5

75.579.685.694.797.791.997.5

100.0103.3109.7

108.1108.697.9

102.8111.8

109.6110.5113.9113.8

114.0115.3118.4

18.327.129.232.537.739.244.252.860.870.4

80.182.386.899.096.786.596.1

100.0106.4113.9

119.2120.4120.9125.1138.9

134.2137.5139.9143.5

142.6146.2146.5

51.253.555.758.162.364.967.468.573.680.5

84.586.490.296.897.591.097.7

100.0102.3107.4

106.7104.2102.6103.5106.5

106.4104.3107.7107.5

108.5109.6110.3

44475056606164666875

79848895989198

100102107

106106104105106

107105107106

106106106

51.654.556.658.263.366.967.565.571.580.6

85.887.590.896.796.490.598.7

100.0102.6107.4

107.6105.7102.7103.4106.8

106.9102.5108.7110.3

110.8112.1114.2

40.845.149.654.056.158.765.670.774.877.6

82.682.286.294.598.389.6

100.0100.0101.9108.8

114.4112.6109.2105.6109.2

108.0108.6110.5108.6

110.5110.9110.1

67.567.868.470.776.478.679.880.486.589.5

89.989.591.199.297.392.195.1

100.0103.0106.9

99.896.498.2

101.7102.9

104.1102.2102.2103.3

105.8108.0107.6

Consumer prices (1967 = 100)

88.789.690.691.792.994.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7161.2170.5181.5195.4217.4

246.8272.4289.1298.4311.1322.2

306.4309.7313.1315.4

317.4321.2323.6326.5

85.986.787.789.290.993.196.5

100.0104.0108.8

112.4115.6121.2130.3144.5160.1172.1185.9202.5221.0

243.5273.9303.5321.0335.0348.2

330.7333.6336.7339.0

343.0346.8350.0353.2

68.371.876.782.585.891.696.3

100.0105.3110.9

119.3126.5132.3147.9184.0205.8224.9243.0252.3261.3

282.3296.2304.1309.7316.6

313.9316.6316.0319.9

320.1322.9322.8

79.281.284.387.690.794.197.5

100.0103.7107.9

113.2120.2127.5138.2156.2176.7195.2214.3229.2250.0

280.9312.1343.3368.3390.7

383.1389.3393.0398.0

404.2411.8414.0

3 78.03 80.6

85.489.592.594.897.4

100.0104.5111.3

117.1123.5131.1140.7160.0178.9196.1214.5233.9259.1

294.2332.7373.1407.9439.5

428.1436.1443.7450.2

456.1464.4468.7

82.984.887.489.992.095.098.4

100.0101.6103.5

107.1112.7119.0127.2136.1144.2150.5156.0160.2166.9

175.8186.9196.8203.3208.2

207.0208.0208.0209.6

211.8213.1212.6

74.175.779.285.190.194.296.4

100.0101.4104.1

109.2114.4121.0134.0159.7186.8218.1255.2286.2328.5

398.0472.4549.4631.8698.8

684.9699.6709.0724.7

743.5760.4768.7

79.081.685.186.889.693.997.6

100.0104.8110.3

117.4128.5137.7150.2174.3216.5252.4292.4316.6359.0

423.6473.9514.7538.3565.1

552.5563.7568.6575.6

582.9602.9604.5

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.

2 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).

376


TABLE B-109.—Civilian unemployment rate, and hourly compensation, major industrialcountries, 7960-83

[Quarterly data seasonally adjusted]

Year or quarter

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982 . . .19831984 . . .

1985

1984-1IIIllIV

1985: IIII l lIV

I96019611962 .. ..19631964

19651966196719681969

1970197119721973 . . . .1974

19751976197719781979

19801981198219831984

1985

UnitedStates Canada Japan France West

Germany Italy UnitedKingdom

Civilian unemployment rate (percent) 1

5.56.75.55.75.2

4.53.83.83.63.5

4.95.95.64.95.6

8.57.77.16.15.8

7.17.69.79.67.5

7.2

7.97.57.47.2

7.37.37.27.0

6.56.75.55.24.4

3.63.43.84.54.4

5.76.26.25.55.3

6.97.18.18.37.4

7.57.5

11.011.911.3

10.5

11.411.411.211.1

11.110.610.310.2

1.71.51.31.31.2

1.21.41.31.21.1

1.21.31.41.31.4

1.92.02.02.32.1

2.02.22.42.72.8

2.82.72.82.7

2.62.62.5

1.61.41.31.21.3

1.41.71.82.42.2

2.52.72.82.72.8

4.24.54.85.36.1

6.47.58.48.6

10.1

9.610.110.310.4

10.510.510.5

1.1.6.6.5.4

.3

.31.31.1.6

.5

.6

.7

.71.6

3.43.43.53.43.0

2.94.15.97.57.8

7.87.97.97.8

7.98.07.9

3.22.82.52.12.4

3.03.33.03.13.1

2.82.93.43.22.8

3.03.43.63.73.9

3.94.34.85.35.9

61

6.06.05.85.8

5.95.96.26.3

2.01.82.63.22.3

2.02.13.13.12.9

3.03.84.13.13.0

4.55.96.36.25.3

6.810.411.812.813.0

12.812.913.213.0

13.113.313.5

Manufacturing hourly compensation ( 1977 = 100) 2

36.537.539.040.241.8

42.744.646.850.253.7

57.360.864.268.876.2

85.192.1

100.0108.2118.6

132.4145.2157.5163.2169.1

176.5

29.729.228.429.230.3

31.834.436.939.742.7

47.452.757.662.874.4

81.796.9

100.099.5

107.3

118.7134.3143.9153.9148.8

6.67.78.89.8

11.0

12.413.615.317.921.3

25.430.340.155.067.1

77.182.3

100.0136.1138.5

143.8158.0147.2159.5164.7

15.116.718.520.121.9

23.725.126.930.330.8

32.436.844.257.763.3

87.991.4

100.0124.2149.9

172.5154.8151.4146.7139.3

10.512.213.914.816.1

17.619.120.221.724.2

30.635.943.559.369.3

80.284.3

100.0124.7146.2

159.8137.8134.7133.4124.1

11.913.115.518.320.4

21.822.825.427.130.7

36.843.152.366.474.0

95.089.5

100.0119.1143.1

165.3152.8154.7161.0153.8

23.925.626.928.129.9

32.835.536.033.636.6

42.450.057.663.276.7

95.692.0

100.0128.4166.8

217.0215.3202.1187.9178.7

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 laborcosts to employers.


377


TABLE B-110.— Growth rates in real gross national product, 1961-85

[Percent change]

Area and country


United StatesCanada . .Japan





U.S.S.REastern EuropeChina

1961-65annualaverage

52

465.7

100

4.7

5.8505.232

63

44

5.039-.2


48

304.7

113

4.4

5.4426.225

67

50

5.3388.3


37

2 25.046

2.7

4.0212.421

70

4 2

3.7495.5


32

343.351

3.0

3.3343.816

56

28

2.6199.0

1981

04

194.04 2

-.2

.52.2

-14

14

20

1.9-10

4.9

1982

01

-25-4.3

31

.5

1.8- 6-.515

9

26

2.5108.3

1983

05

352.833

1.2

.712

-.434

4

36

3.6169.1

1984

09

655.458

2.1

1.3262.618

30

32

2.031

12.0

1985 1

(3)

234050

2.2

1.0222.232

(3)

36

3.018

12.0

1 Preliminary estimates.2 Includes the OECD countries, Israel, South Africa, and non-OECD Europe.3 Not available.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.5 Includes North Korea and Yugoslavia, not shown separately.

Sources: Department of Commerce, International Monetary Fund, Organization for Economic Cooperation and Development (OECD), andCouncil of Economic Advisers.

o

378


erp1986 appendixes 2

Documents