erp1993 appendixes 2

Appendix BSTATISTICAL TABLES RELATING TO INCOME,

EMPLOYMENT, AND PRODUCTION

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

CONTENTS

NATIONAL INCOME OR EXPENDITURE:Page

B-l. Gross domestic product, 1959-92 348R-2. Gross domestic product in 1987 dollars, 1959-92 350B-3. Implicit price deflators for gross domestic product, 1959-92 352B-4. Changes in gross domestic product and personal consumption ex-

penditures, and related implicit price deflators and fixed-weighted price indexes, 1960-92 354

B-5. Selected per capita product and income series in current and1987 dollars, 1959-92 355

B-6. Gross domestic product by major type of product, 1959-92 356B-7. Gross domestic product by major type of product in 1987 dollars,

1959-92 357B-8. Gross domestic product by sector, 1959-92 358B-9. Gross domestic product by sector in 1987 dollars, 1959-92 359B-10. Gross domestic product of nonfinancial corporate business, 1959-

92 360B-ll. Output, costs, and profits of nonfinancial corporate business,

1959-92 361B-12. Personal consumption expenditures, 1959-92 362B-13. Personal consumption expenditures in 1987 dollars, 1959-92 363B-l4. Gross and net private domestic investment, 1959-92 364B-15. Gross and net private domestic investment in 1987 dollars, 1959-

92 365B-16. Inventories and final sales of domestic business, 1959-92 366B-17. Inventories and final sales of domestic business in 1987 dollars,

1959-92 367B-18. Foreign transactions in the national income and product ac-

counts, 1959-92 368B-19. Exports and imports of goods and services and receipts and pay-

ments of factor income in 1987 dollars, 1959-92 369B-20. Relation of gross domestic product, gross national product, net

national product, and national income, 1959-92 370B-21. Relation of national income and personal income, 1959-92 371B-22. National income by type of income, 1959-92 372B-23. Sources of personal income, 1959-92 374B-24. Disposition of personal income, 1959-92 376B-25. Total and per capita disposable personal income and personal

consumption expenditures in current and 1987 dollars, 1959-92 377B-26. Gross saving and investment, 1959-92 378B-27. Personal saving, flow of funds accounts, 1946-92 379B-28. Median money income (in 1991 dollars) and poverty status of

families and persons, by race, selected years, 1971-91 380

343Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:Page

B-29. Population by age groups, 1929-92 381B-30. Population and the labor force, 1929-92 382B-31. Civilian employment and unemployment by sex and age, 1947-92 384B-32. Civilian employment by demographic characteristic, 1954-92 385B-33. Unemployment by demographic characteristics, 1954-92 386B-34. Civilian labor force participation rate and employment/popula-

tion ratio, 1948-92 387B-35. Civilian labor force participation rate by demographic character-

istic, 1954-92 388B-36. Civilian employment/population ratio by demographic character-

istic, 1954-92 389B-37. Civilian unemployment rate, 1948-92 390B-38. Civilian unemployment rate by demographic characteristic,

1950-92 391B-39. Unemployment by duration and reason, 1948-92 392B-40. Unemployment insurance programs, selected data, 1960-92 393B-41. Employees on nonagricultural payrolls, by major industry, 1946-

92 394B-42. Hours and earnings in private nonagricultural industries and

hourly compensation in the total economy, 1959-92 396B-43. Employment cost index, private industry, 1979-92 397B-44. Productivity and related data, business sector, 1959-92 398B-45. Changes in productivity and related data, business sector, 1960- 399

92

PRODUCTION AND BUSINESS ACTIVITY:

B-46. Industrial production indexes, major industry divisions, 1947-92 .. 400B-47. Industrial production indexes, market groupings, 1947-92 401B-48. Industrial production indexes, selected manufactures, 1947-92 402B-49. Capacity utilization rates, 1948-92 403B-50. New construction activity, 1929-92 404B-51. New housing units started and authorized, 1959-92 406B-52. Business expenditures for new plant and equipment, 1947-93 407B-53. Manufacturing and trade sales and inventories, 1950-92 408B-54. Manufacturers' shipments and inventories, 1950-92 409B-55. Manufacturers' new and unfilled orders, 1950-92 410

PRICES:

B-56. Consumer price indexes for major expenditure classes, 1950-92 411B-57. Consumer price indexes for selected expenditure classes, 1950-92. 412B-58. Consumer price indexes for commodities, services, and special

groups, 1950-92 414B-59. Changes in special consumer price indexes, 1958-92 415B-60. Changes in consumer price indexes for commodities and services,

1929-91 , 416B-61. Producer price indexes by stage of processing, 1947-92 417B-62. Producer price indexes by stage of processing, special groups,

1974-92 419B-63. Producer price indexes for major commodity groups, 1950-92 420B-64. Changes in producer price indexes for finished goods, 1955-92 422


MONEY STOCK, CREDIT, AND FINANCE:Page

B-65. Money stock, liquid assets, and debt measures, 1959-92 423B-66. Components of money stock measures and liquid assets, 1959-92.. 424B-67. Aggregate reserves of depository institutions and monetary base,

1959-92 426B-68. Commercial bank loans and securities, 1972-92 427B-69. Bond yields and interest rates, 1929-92 428B-70. Total funds raised in credit markets by nonfinancial sectors,

1983-92 430B-71. Mortgage debt outstanding by type of property and of financing,

1940-92 432B-72. Mortgage debt outstanding by holder, 1940-92 433B-73. Consumer credit outstanding, 1950-92 434

GOVERNMENT FINANCE:B-74. Federal receipts, outlays, surplus or deficit, and debt, selected

fiscal years, 1929-93 435B-75. Federal receipts, outlays, and debt, fiscal years 1981-93 436B-76. Federal budget receipts, outlays, surplus or deficit, and debt, as

percentages of gross domestic product, 1934-93 438B-77. Federal and State and local government receipts and expendi-

tures, national income and product accounts, 1959-92 439B-78. Federal and State and local government receipts and expendi-

tures, national income and product accounts, by major type,1959-92 440

B-79. Federal Government receipts and expenditures, national incomeand product accounts, 1976-92 441

B-80. State and local government receipts and expenditures, nationalincome and product accounts, 1959-92 442

B-81. State and local government revenues and expenditures, selectedfiscal years, 1927-91 443

B-82. Interest-bearing public debt securities by kind of obligation,1967-92 444

B-83. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-92 445

B-84. Estimated ownership of public debt securities by private inves-tors, 1976-92 446

CORPORATE PROFITS AND FINANCE:B-85. Corporate profits with inventory valuation and capital consump-

tion adjustments, 1959-92 447B-86. Corporate profits by industry, 1959-92 448B-87. Corporate profits of manufacturing industries, 1959-92 449B-88. Sales, profits, and stockholders' equity, all manufacturing corpo-

rations, 1950-92 450B-89. Relation of profits after taxes to stockholders' equity and to

sales, all manufacturing corporations, 1947-92 451B-90. Sources and uses of funds, nonfarm nonfinancial corporate busi-

ness, 1947-92 452B-91. Common stock prices and yields, 1955-92 453B-92. Business formation and business failures, 1950-92 454

345


AGRICULTURE:B-93. Farm income, 1940-92 455B-94. Farm output and productivity indexes, 1947-91 456B-95. Farm input use, selected inputs, 1947-91 457B-96. Indexes of prices received and prices paid by farmers, 1950-92 458B-97, U.S. exports and imports of agricultural commodities, 1940-92 459B-98. Balance sheet of the farm sector, 1939-92 460

INTERNATIONAL STATISTICS:B-99. International investment position of the United States at year-

end, 1983-91 461B-100. U.S. International transactions, 1946-92 462B-101. U.S. merchandise exports and imports by principal end-use cate-

gory, 1965-92 464B-102. U.S. merchandise exports and imports by area, 1983-92 465B-103. U.S. merchandise exports, imports, and trade balance, 1972-92 466B-104. International reserves, selected years, 1952-92 467B-105. Industrial production and consumer prices, major industrial

countries, 1967-92 468B-106. Civilian unemployment rate, and hourly compensation, major in-

dustrial countries, 1965-92 469B-107. Foreign exchange rates, 1967-92 470B-108. Growth rates in real gross national product/gross domestic prod-

uct, 1971-91 471

NATIONAL WEALTH:

B-109. National wealth, 1960-91 472B-110. National wealth in 1987 dollars, 1960-91 473

SUPPLEMENTARY TABLE:B-l l l . Selected historical series on gross domestic product and related

series, 1929-58 474

346


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).

Data in these tables reflect revisions made by the source agencies fromJanuary 1992 through early January 1993.

Historical data for the national income and product accounts (NIPA) tablesfor 1929-58 were not available in time for inclusion in these tables. ASupplementary Table (Table B-lll) has been added that contains data forselected NIPA series for those years. See Survey of Current Business,December 1992.

347


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross domestic product, 1939-92

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

Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

199019911982:1V1983: IV1984: IV1985: IV1986: IV1987: IV...1988: IV

1989:1IIIllIV

1990:1IIIllIV....

1991:1IIIllIV

1992:1IIIll

Grossdomesticproduct

494.2

513.4531.8571.6603.1648.0

702.7769.8814.3889.3959.5

1,010.71,097.21,207.01,349.61,458.6

1,585.91,768.41,974.12,232.72,488.6

2,708.03,030.63,149.63,405.03,777.2

4,038.74,268.64,539.94,900.45,250.8

5,522.25,677.5

3,195.13,547.33,869.14,140.54,336.64,683.05,044.6

5,150.05,229.55,278.95,344.8

5,445.25,522.65,559.65,561.3

5,585.85,657.65,713.15,753.3

5,840.25,902.25,978.5

Personal consumption expenditures

Total

318.1

332.4343.5364.4384.2412,5

444.6481.6509.3559.1603.7

646.5700.3767.8848.1927.7

1,024.91,143.11,271.51,421.21,583.7

1,748.11,926.22,059.22,257.52,460.3

2,667.42,850.63,052.23,296.13,523.1

3,748.43,887.7

2,128.72,346.82,526.42,739.82,923.13,124.63,398.2

3,440.83,499.13,553.33,599.1

3,672.43,715.33,787.83,818.2

3,821.73,871.93,914.23,942.9

4,022.84,057.14,108.7

Durablegoods

Non-durablegoods

Services

42.8

43.541.947.051.856.8

63.5 [68.570.681.086.2

85.397.2

110.7124.1123.0

134.3160.0182.6202.3214.2

212.5228.5236.5275.0317.9

352.9389.6403.7437.1459.4

464.3446.1

246.9297.7328.2354.4406.8408.8452.9

450.8457.6470.8458.3

478.0463.5463.0452.7

439.5441.4453.0450.4

469.4470.6482.5

148.51 126.8

153.1157.4163.8169.4179.7

191.9208.5216.9235.0252.2

270.4283.3305.2339.6380.8

416.0451.8490.4541.5613.3

682.9744.2772.3817.8873.0

919.4952.2

1,011.11,073.81,149.5

1,224.51,251.5

787.3839.8887.8939.5963.7

1,029.41,105.8

1,121.11,146.51,157.11,173.5

1,199.31,208.71.235.31,254.5

1,245.01,254.21,255.31,251.4

1,274.11,277.51,292.8

135.9144.1153.6163.1175.9

189.2204.6221.7243.1265.3

290.8319.8351.9384.5423.9

474.5531.2598.4677.4756.2

852.7953.5

1,050.41,164.71,269.4

1,395.11,508.81,637.41,785.21,914.2

2,059.72,190.1

1,094.61,209.31,310.41,446.01,552.61,686.41,839.5

1,868.81,895.11,925.41,967.3

1,995.02,043.12,089.62,111.1

2,137.22,176.32,205.92,241.1

2,279.32,309.02,333.3

Gross private domestic investment

Total

Fixed investment

Nonresidential

Total

78.8

78.777.987.993.4

101.7

118.0130.4128.0139.9155.2

150.3175.5205.6243.1245.8

226.0286.4358.3434.0480.2

467.6558.0503.4546.7718.9

714.5717.6749.3793.6832.3

799.5721.1

464.2614.8722.8737.0697.1800.2814.8

843.9840.3819.6825.2

820.3833.0805.7739.0

705.4710.2732.8736.1

722.4773.2781.6

74.6

75.575.081.887.796.7

108.3116.7117.6130.8145.5

148.1167.5195.7225.4231.5

231.7269.6333.5406.1467.5

477.1532.5519.3552.2647.8

689.9709.0723.0777.4798.9

793.2731.3

510.5594.6671.8704.4715.9740.9797.5

800.2800.5800.0795.0

812.2795.3795.3770.0

733.9732.0732.6726.9

738.2765.1766.6

Total

46.5

49.248.652.855.662.4

74.184.485.292.1

102.9

106.7111.7126.1150.0165.6

169.0187.2223.2274.5326.4

353.8410.0413.7400.2468.9

504.0492.4497.8545.4568.1

577.6541.1

397.7426.9491.5511.3491.7514.3560.2

563.4568.4571.5568.8

580.1572.1585.2572.9

551.4545.8538.4528.7

531.0550.3549.6

Struc-tures

18.1

19.619.720.821.223.7

28.331.331.533.637.7

40.342.747.255.061.2

61.465.974.693.9

118.4

137.5169.1178.8153.1175.6

193.4174.0171.3182.0193.3

201.1180.1

168.9154.6184.1195.4168.4180.0186.8

190.2189.6195.5198.0

202.4201.5204.1196.3

190.0185.2175.6169.7

170.1170.3166.1

Pro-ducers'durableequip-ment

28.3

29.728.932.134.438.7

45.853.053.758.565.2

66.469.178.995.1

104.3

107.6121.2148.7180.6208.1

216.4240.9234.9247.1293.3

310.6318.4326.5363.4374.8

376.5360.9

228.8272.3307.3315.9323.3334.3373.4

373.3378.8376.1370.8

377.6370.6381.0376.6

361.4360.6362.8358.9

360.8380.0383.5

Resi-dential

28.1

26.326.429.032.134.3

34.232.332.438.742.6

41.455.869.775.366.0

62.782.5

110.3131.6141.0

123.3122.5105.7152.0178.9

185.9216.6225.2232.0230.9

215.6190.3

112.8167.7180.4193.1224.2226.5237.3

236.8232.1228.5226.2

232.1223.1210.1197.1

182.6186.2194.2198.2

207.2214.8217.0

Changein

busi-ness

inven-tories

4.2

3.22.96.15.75.0

9.713.810.59.19.7

2.38.09.9

17.714.3

- 5 . 716.724.727.912.8

- 9 . 525.4

-15.9- 5 . 571.1

24.68.6

26.316.233.3

6.3-10.2

-46 .320.251.032.6

-18 .859.317.3

43.739.819.630.2

8.137.710.4

-31 .0

-28 .5-21 .8

9.2

-15 .88.1

15.0

See next page for continuation of table.

348


TABLE B-l.—Gross domestic product, 1959-92—Continued


Year orquarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

Net exports of goods andservices1

Netexports

- 1 . 7

2.43.42.43.35.5

3.91.91.4

- 1 . 3-1 .2

1.2-3 .0-8 .0

.6- 3 . 1

13.6- 2 . 3

-23.7-26.1-23.8

-14.7-14.7-20.6-51.4

-102.7

-115.6-132.5-143.1-108.0

-79.7

-68.9-21.8

-29.5-71.8

-107.1-135.5-133.2-143.2-106.0

-85.1-80.1-79.7-73.9

-72 .1-59.9-76.3-67.2

-28.7-15 .3-27.1-16.0

- 8 . 1-37.1-36.0

Exports

20.6

25.326.027.429.433.6

35.438.941.445.349.3

57.059.366.291.8

124.3

136.3148.9158.8186.1228.9

279.2303.0282.6276.7302.4

302.1319.2364.0444.2508.0

557.0598.2

265.6286.2308.7304.7333.9392.4467.0

489.7509.5509.0523.8

541.2551.2555.9579.7

573.2594.3602.3622.9

628.1625.4639.0

Imports

22.3

22.822.725.026.128.1

31.537.139.946.650.5

55.862.374.291.2

127.5

122.7151.1182.4212.3252.7

293.9317.7303.2328.1405.1

417.6451.7507.1552.2587.7

625.9620.0

295.1358.0415.7440.2467.1535.6573.1

574.9589.6588.7597.7

613.3611.2632.2646.9

602.0609.6629.5638.9

636.2662.5675.0

Government purchases

Total

99.0

99.8107.0116.8122.3128.3

136.3155.9175.6191.5201.8

212.7224.3241.5257.7288.3

321.4341.3368.0403.6448.5

507.1561.1607.6652.3700.8

772.3833.0881.5918.7975.2

1,043.21,090.5

631.6657.6727.0799.2849.7901.4937.6

950.4970.2985.6994.5

1,024.71,034.31,042.41,071.3

1,087.51,090.81,093.31,090.3

1,103.11,109.11,124.2

Federal

Total

57.1

55.358.665.466.467.5

69.581.392.899.2

100.5

100.1100.0106.9108.5117.6

129.4135.8147.9162.2179.3

209.1240.8266.6292.0310.9

344.3367.8384.9387.0401.6

426.4447.3

281.4289.7324.7356.9373.1392.5392.0

392.3401.6407.3405.1

420.3424.4422.6438.3

451.3449.9447.2440.8

445.0444.8455.2

Nation-al

defense

46.4

45.347.952.151.550.4

51.062.073.479.178.9

76.874.177.477.582.6

89.693.4

100.9108.9121.9

142.7167.5193.8214.4233.1

258.6276.7292.1295.6299.9

314.0323.8

205.5222.8242.9268.6278.6295.8296.8

293.5298.2305.3302.5

311.6312.9308.4323.2

332.4325.9321.9314.7

313.6311.7319.6

Non-de-

fense

10.8

10.010.613.314.917.0

18.519.319.420.021.6

23.325.929.431.135.0

39.842.447.053.357.5

66.473.372.777.577.8

85.791.192.991.4

101.7

112.4123.6

75.966.981.988.394.596.795.2

98.7103.4101.9102.6

108.7111.5114.3115.0

118.8124.0125.3126.1

131.4133.1135.7

Stateandlocal

41.8

44.548.451.455.860.9

66.874.682.792.3

101.3

112.6124.3134.7149.2170.7

192.0205.5220.1241.4269.2

298.0320.3341.1360.3389.9

428.1465.3496.6531.7573.6

616.8643.2

350.3367.9402.2442.4476.6509.0545.7

558.1568.6578.4589.3

604.3610.0619.7633.0

636.3640.8646.0649.5

658.0664.3669.0

Finalsales ofdomes-

ticproduct

490.0

510.1528.9565.5597.5643.0

693.0756.0803.8880.2949.8

1,008.41,089.21,197.11,331.91,444.4

1,591.51,751.71,949.42,204.82,475.9

2,717.53,005.23,165.53,410.63,706.1

4,014.14,260.04,513.74,884.25,217.5

5,515.95,687.7

3,241.43,527.13,818.14,107.94,355.44,623.75,027.3

5,106.25,189.75,259.35,314.6

5,437.15,484.95,549.25,592.3

5,614.45,679.45,712.95,744.2

5,855.95,894.15,963.5

Grossdomes-tic pur-chases 2

495.8

510.9528.4569.2599.8642.5

698.8767.9812.9890.6960.7

1.009.51,100.21,215.01,349.01,461.8

1,572.31,770.71,997.82,258.82,512.5

2,722.83,045.33,170.23,456.53,879.9

4,154.34,401.24,683.05,008.45,330.5

5,591.15,699.3

3,224.63,619.13,976.24,276.04,469.84,826.25,150.7

5,235.15,309.65,358.65,418.7

5,517.45,582.65,635.95,628.5

5,614.65,672.95,740.35,769.3

5,848.35,939.46,014.5

Adden-dum:Gross

nation-al

prod-uct 3

497.0

516.6535.4575.8607.7653.0

708.1774.9819.8895.5965.6

1,017.11,104.91,215.71,362.31,474.3

1,599.11,785.51,994.62,254.52,520.8

2,742.13,063.83,179.83,434.43,801.5

4,053.64,277.74,544.54,908.25,266.8

5,542.95,694.9

3,222.63,578.43,890.24,156.24,340.54,690.55,054.3

5,164.05,243.35,294.75,365.0

5,464.15,537.05,577.85,592.7

5,614.95,674.35,726.45,764.1

5,859.85,909.35,992.0

Percent changefrom preceding

period

Grossdomes-

ticproduct

8.7

3.93.67.55.57.4

8.49.55.89.27.9

5.38.6

10.011.88.1

8.711.511.613.111.5

8.811.93.98.1

10.9

6.95.76.47.97.2

5.22.8

8.66.33.85.1

7.75.82.7

.1

1.85.24.02.8

6.24.35.3

Grossdomestic

pur-chases 2

9.1

3.03.47.75.47.1

8.89.95.99.67.9

5.19.0

10.411.08.4

7.612.612.813.111.2

8.411.84.19.0

12.2

7.15.96.46.96.4

4.91.9

6.75.83.74.6

7.54.83.9

- . 5

- 1 . 04.24.82.0

5.66.45.2

1 Excludes receipts and payments of factor income from or to rest of the world.2 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.3 GDP plus net receipts of factor income from rest of the world.

Source: Department of Commerce, Bureau of Economic Analysis.

349

334-230 O—92 12 (QL3)Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-2.—Gross domestic product in 1987 dollars, 1959-92

[Billions of 1987 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter


Personal consumptionexpenditures

TotalDurablegoods

Non-durablegoods

Services

Gross private domestic investment

Total

Fixed investment

Total

Nonresidential

Total Struc-tures


Resi-dential

Changein

busi-nessinven-tories

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

1990

1991

1982: IV1983:IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989: I

IV..

1990: I....II...III..IV..

1991: III...III..IV..

1992:I

1,928.8

1,970.82,023.82,128.12,215.62,340.6

2,470.52,616.22,685.22,796.92,873.0

2,873.92,955.93,107.13,268.63,248.1

3,221.73,380.83,533.33,703.53,796.8

3,776.33,843.13,760.33,906.64,148.5

4,279.84,404.54,539.94,718.64,838.0

4,877.54,821.0

3,759.64,012.14,194.24,333.54,427.14,625.54,779.7

4,817.64,839.04,839.04,856.7

4,890.84,902.74,882.64,833.8

4,796.74,817.14,831.84,838.5

4,873.74,892.44,933.7

1,178.9

1,210.81,238.41,293.31,341.91,417.2

1,497.01,573.81,622.41,707.51,771.2

1,813.51,873.71,978.42,066.72,053.8

2,097.52,207.32,296.62,391.82,448.4

2,447.12,476.92,503.72,619.42,746.1

2,865.82,969.13,052.23,162.43,223.3

3,260.43,240.8

2,539.32,678.22,784.82,895.33,012.53,074.73,202.9

3,203.63,212.23,235.33,242.0

3,259.53,260.13,273.93,248.0

3,223.53,239.33,251.23,249.0

3,289.33,288.53,318.4

114.4

115.4109.4120.2130.3140.7

156.2166.0167.2184.5190.8

183.7201.4225.2246.6227.2

226.8256.4280.0292.9289.0

262.7264.6262.5297.7338.5

370.1402.0403.7428.7440.7

439.3414.7

272.3319.1347.7369.6415.7404.7439.2

435.2440.2450.6436.8

453.5439.2437.7426.6

412.0411.3419.4416.1

432.3430.0439.8

518.5

526.9537.7553.0563.6588.2

616.7647.6659.0686.0703.2

717.2725.6755.8777.9759.8

767.1801.3819.8844.8862.8

860.5867.9872.2900.3934.6

958.7991.0

1,011.11,035.11,051.6

1,056.51,042.4

880.7915.2942.9968.7

1,000.91,014.61,046.8

1,048.11,047.01,052.61,058.9

1,058.31,057.11,059.11,051.6

1,043.01,046.31,044.81,035.6

1,049.61,045.61,052.0

546.0

568.5591.3620.0648.0688.3

724.1760.2796.2837.0877.2

912.5946.7997.4

1,042.21,066.8

1,103.61,149.51,196.81,254.11,296.5

1,323.91,344.41,368.91,421.41,473.0

1,537.01,576.11,637.41,698.51,731.0

1,764.61,783.7

1,386.21,443.91,494.21,557.11,595.81,655.51,716.9

1,720.31,725.11,732.21,746.3

1,747.71,763.71,777.11,769.8

1,768.51,781.81,787.01,797.4

1,807.31,812.91P?66

296.4

290.8289.4321.2343.3371.8

413.0438.0418.6440.1461.3

429.7475.7532.2591.7543.0

437.6520.6600.4664.6669.7

594.4631.1540.5599.5757.5

745.9735.1749.3773.4784.0

739.1661.1

503.5669.5756.4763.1705.9793.8785.0

802.9794.5769.0769.5

763.0770.2743.1680.0

646.0649.5672.0676.9

668.9713.6724.9

282.8

282.7282.2305.6327.3356.2

387.9401.3391.0416.5436.5

423.8454.9509.6554.0512.0

451.5495.1566.2627.4656.1

602.7606.5558.0595.1689.6

723.8726.5723.0753.4754.2

732.9670.4

548.4640.2708.4732.9725.9733.9764.1

761.7757.5753.1744.6

755.4737.4732.0706.8

671.1669.8671.4669.3

681.4705.9710.0

165.2

173.3172.1185.0192.3214.0

250.6276.7270.8280.1296.4

292.0286.8311.6357.4356.5

316.8328.7364.3412.9448.8

437.8455.0433.9420.8490.2

521.8500.3497.8530.8540.0

538.1500.2

417.2449.6509.6525.5495.5510.6538.8

539.5542.2541.8536.7

544.8535.6542.9529.3

507.0503.0498.7492.1

495.8514.7518.7

74.4

82.386.186.995.9

111.5119.1116.0117.4123.5

123.3121.2124.8134.9132.3

118.0120.5126.1144.1163.3

170.2182.9181.3160.3182.8

197.4176.6171.3174.0177.6

179.1157.6

173.2162.6189.5198.3170.4177.9175.7

177.0174.7178.8179.8

182.0180.1181.2173.2

166.8162.2153.0148.4

149.4149.1144.7

90.8

92.589.898.9

105.4118.1

139.1157.6154.8162.7172.9

168.7165.6186.8222.4224.2

198.8208.2238.2268.8285.5

267.6272.0252.6260.5307.4

324.4323.7326.5356.8362.5

359.0342.6

244.0287.0320.1327.2325.0332.7363.1

362.4367.5363.0356.9

362.8355.5361.7356.1

340.2340.8345.8343.7

346.4365.6374.0

117.6

109.4110.1120.6135.0142.1

137.3124.5120,2136.4140.1

131.8168.1198.0196.6155.6

134.7166.4201.9214.5207.4

164.8151.6124.1174.2199.3

202.0226.2225.2222.7214.2

194.8170.2

131.2190.6198.8207.4230.5223.3225.3

222.2215.4211.2208.0

210.7201.8189.1177.5

164.1166.9172.6177.3

185.6191.2191.3

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13.925.534.337.213.6

- 8 . 324.6

-17 .54.4

67.9

22.18.5

26.319.929.8

6.2- 9 . 3

-44.929.347.930.2

-20 .159.920.9

41.236.916.024.9

7.532.811.2

-26.8

-25.1-20.4

.67.5

-12.67.8

15.0


350


TABLE B-2.—Gross domestic product in 1987 dollars, 1959-92—Continued

[Billions of 1987 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989: 1IIIllIV

1990: IIIIllIV

1991: 1IIIllIV

1992: IIIIll

Net exports of goods andservices 1

Netexports

218

- 7 . 6- 5 . 5

-10.5- 5 . 8

25

- 6 . 418 0

-23.7-37.5-41.5

-35.2-45.9-56.5-34.1

- 4 . 1

23.1- 6 . 4

-27.8-29.9-10.6

30.722.0

- 7 . 4-56.1

-122.0

-145.3-155.1-143.1-104.0

73 7

-51 .8-21.8

-19.0-83.7

-131.4-155.4-156.0-136.0-102.7

-79.8-70.0-77 .5-67.4

-58.4-56.9-59.3-32.7

-17.9-17.4-31.6-20 .5

-21.5-43.9-52.7

Exports

73 8

88.489.995.0

101.81154

118.1125 7130.0140.2147.8

161.3161.9173.7210.3234.4

232.9243.4246.9270.2293.5

320.5326.1296.7285.9305.7

309.2329.6364.0421.6471 8

510.0539.4

280.4291.5312.8312.0342.9386.1438.2

454.5472.0472.9487.7

500.2508.7508.4522.6

515.9536.1544.2561.4

565.4563.4575.9

Imports

95 6

96.195.3

105.5107.7112 9

124.5143 7153.7177.7189.2

196.4207.8230.2244.4238.4

209.8249.7274.7300.1304.1

289.9304.1304.1342.1427.7

454.6484.7507.1525.7545 4

561.8561.2

299.4375.1444.2467.4498.9522.1540.9

534.3541.9550.5555.0

558,6565.6-567.7555.3

533.8553.5575.8581.8

586.8607.3628.6


Total

475 3

476.9501.5524.2536.3549 1

566.9622 4667.9686.8682.0

665.8652.4653.0644.2655.4

663.5659.2664.1677.0689.3

704.2713.2723.6743.8766.9

813.4855.4881.5886.8904 4

929.9941.0

735.9748.1784.3830.5864.8893.0894.5

890.8902.3912.2912.6

926.8929.4924.8938.5

945.1945.6940.2933.1

937.0934.2943.0

Federal

Total

265 7

259.0270.1287.3285.7281.8

282.1319 3350.9353.1340 1

315.0290.8284.4265.3262.6

262.7258.2263.1268.6271.7

284.8295.8306.0320.8331.0

355.2373.0384.9377.33761

383.6388.3

316.0322.2341.7363.7377.5391.6378.4

370.1376.9381.5376.1

383.4385.4378.3387.3

394.1393.8387.2378.2

375.3372.7379.5

Nation-al

de-fense

"209"6"191.3185.8

184.9179.9181.6182.1185.1

194.2206.4221.4234.2245.8

265.6280.6292.1287.02814

283.3282.8

229.4242.9254.3272.1282.2295.0285.7

276.7280.4286.9281.5

284.9285.1277.3285.8

291.8287.6280.6271.0

265.6262.1267.4

Non-de-

fense

74"874.176.8

77.878.381.486.586.6

90.689.484.786.685.1

89.592.492.990.294 8

100.3105.5

86.679.387.491.695.396.692.7

93.496.594.594.7

98.5100.3101.0101.5

102.2106.2106.6107.2

109.7110.6112.1

Stateandlocal

209 6

217.9231.4236.9250.6267 3

284.8303.1317.0333.73419

350.9361.6368.6378.9392.9

400.8401.1401.0408.4417.6

419.4417.4417.6423.0436.0

458.2482.4496.6509.6528 3

546.3552.7

419.9425.9442.6466.7487.3501.4516.1

520.7525.4530.7536.5

543.4544.0546.5551.2

551.0551.8553.0554.9

561.8561.5563.5

Finalsales ofdomes-

ticproduct

1915 2

1,962.72,016.62,112.52,199.62 324 9

2,445.42,579.52,657.52,773.22 848 2

2,868.02,935.23,084.53,230.93,217.2

3,235.63,355.33,499.03,666.33,783.2

3,784.63,818.63,777.83,902.24,080.6

4,257.64,395.94,513.74,698.64 808 3

4,871.34,830.3

3,804.53,982.84,146.24,303.34,447.24,565.64,758.7

4,776.34,802.04,823.04,831.8

4,883.34,870.04,871.44,860.6

4,821.84,837.44,831.24,830.9

4,886.34,884.64,918.7

Grossdomes-tic pur-chases 2

1950 6

1,978.52,029.32,138.62,221.42 3381

2,476.92,634.22,708.92,834.42 914.5

2,909.13,001.83,163.63,302.73,252.2

3,198.63,387.13,561.13,733.33,807.4

3,745.73,821.23,767.73,962.84,270.5

4,425.14,559.64,683.04,822.64 911 7

4,929.34,842.8

3,778.64,095.84,325.54,488.94,583.14,761.54,882.4

4,897.34,908.94,916.54,924.1

4,949.24,959.74,941.94,866.5

4,814.64,834.44,863.44,858.9

4,895.24,936.34,986.4

Adden-dum-.Gross

nation-al

prod-uct3

1939 6

1,982.82,037.12,143.32,231.82,358 1

2,488.92,633.22,702.62,815.62,890.9

2,891.52,975.93,128.83,298.63,282.4

3,247.63,412.23,569.03,739.03,845.3

3,823.43,884.43,796.13,939.64,174.5

4,295.04,413.54,544.54,726.34 852 7

4,895.94,836.4

3,791.74,046.64,216.44,349.54,430.84,633.04,789.0

4,830.74,851.64,853.44,875.1

4,907.84,915.54,898.94,861.4

4,822.04,831.84,843.74,848.2

4,890.74,899.14,945.6

Percent changefrom preceding

pe.iod

Grossdomes-

ticprod-uct

55

2.22.75.24.156

5.55.92.64.227

.02.95.15.2

- . 6

- . 84.94.54.82.5

- . 51.8

-2 .23.96.2

3.22.93.13.925

.8- 1 2

3.21.8.0

1.5

2.81.0

- 1 . 6- 3 . 9

-3 .01.71.2.6

2.91.53.4

Grossdomestic

pur-chases 2

58

1.42.65.43.953

5.96.42.84.62.8

- . 23.25.44.4

- 1 . 5

- 1 . 65.95.14.82.0

- 1 . 62.0

- 1 . 45.27.8

3.63.02.73.018

.4- 1 8

1.21.0.6.6

2.1.9

-1 .4- 6 . 0

-4 .21.72.4

- . 4

3.03.44.1

1 Excludes receipts and payments of factor income from or to rest of the world.2 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.3 GDP plus net receipts of factor income from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.

351


TABLE B-3.—Implicit price deflators for gross domestic product, 1959-92

[Index numbers, 1987=100, except as noted; quarterly data seasonally adjusted]

Year or quarter

1959

I9601961196219631964 , .

1965196619671968 .1969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982 IV1983 IV1984 IV1985 IV1986 IV1987 IV1988 IV

1989 1IIIIIIV

1990 1IIIIIIV

1991 1IIIIIIV

1992 1IIIII


25 6

26 026.326 927.227 7

28.429.430.331.833.4

35.237.138.841.344.9

49.252.355.960.365.5

71.778.983.887.291.0

94.496.9

100.0103.9108.5

113.2117.8

85.088.492.395.598.0

101.2105.5

106.9108.1109.1110.1

111.3112.6113.9115.0

116.5117.5118.2118.9

119.8120.6121.2

1

Total

27 0

27 527.728 228.6291

29.730.631.432.734.1

35.637.438.841.045.2

48.951.855.459.464.7

71.477.882.286.289.6

93.196.0

100.0104.2109.3

115.0120.0

83.887.690.794.697.0

101.6106.1

107.4108.9109.8111.0

112.7114.0115.7117.6

118.6119.5120.4121.4

122.3123.4123.8

'ersonal consumptionexpenditures

Durablegoods

37 4

37 738.339139.740 4

40.641.342.343.945.2

46.448.349.250.354.1

59.262.465.269.174.1

80.986.490.192.493.9

95.496.9

100.0102.0104.2

105.7107.6

90.693.394.495.997.8

101.0103.1

103.6104.0104.5104.9

105.4105.5105.8106.1

106.7107.3108.0108.3

'08.6109.4109.7

Non-durablegoods

28 6

29129.329.630.130.5

31.132.232.934.335.9

37.739.040.443.750.1

54.256.459.864.171.1

79.485.788.690.893.4

95.996.1

100.0103.7109.3

115.9120.1

89.491.894.297.096.3

101.5105.6

107.0109.5109.9110.8

113.3114.3116.6119.3

119.4119.9120.2120.8

121.4122.2122.9

Services

23 2

23 924.424.825.225.6

26.126.927.829.030.2

31.933.835.336.939.7

43.046.250.054.058.3

64.470.976.781.986.2

90.895.7

100.0105.1110.6

116.7122.8

79.083.787.792.997.3

101.9107.1

108.6109.9111.2112.7

114.2115.8117.6119.3

120.8122.1123.4124.7

126.1127.4127.7

Fixed investment

Total

264

26 726.626.826.827.1

27.929.130.131.433.3

34.936.838.440.745.2

51.354.558.964.771.2

79.287.893.192.893.9

95.397.6

100.0103.2105.9

108.2109.1

93.192.994.896.198.6

101.0104.4

105.1105.7106.2106.8

107.5107.8108.7108.9

109.4109.3109.1108.6

108.3108.4108.0

Nonresidential

Total

281

28 428.228 628.929.2

29.630.531.532.934.7

36.539.040.542.046.4

53.356.961.366.572.7

80.890.195.395.195.7

96.698.4

100.0102.8105.2

107.3108.2

95.395.096.497.399.2

100.7104.0

104.4104.8105.5106.0

106.5106.8107.8108.2

108.7108.5108.0107.4

107.1106.9106.0

Struc-tures

24 4

24 224.024124.424 7

25.426.327.228.630.5

32.735.237.840.746.3

52.054.759.265.272.5

80.892.598.695.596.1

98.098.5

100.0104.6108.9

112.3114.3

97.595.197.298.598.8

101.2106.3

107.4108.6109.3110.1

111.2111.9112.7113.3

113.9114.2114.8114.4

113.9114.2114.9

Pro-ducers'

dur-able

equip-ment

312

32132.232 432.632 8

32.933.634.736.037.7

39.441.742.242.746.5

54.158.262.467.272.9

80.988.593.094.895.4

95.798.4

100.0101.9103.4

104.9105.4

93.894.996.096.599.5

100.5102.8

103.0103.1103.6103.9

104.1104.3105.3105.7

106.2105.8104.9104.5

104.2103.9102.5

Residen-tial

23 9

24 024.024 023.824 1

24.925.926.928.430.4

31.433.235.238.342.4

46.649.654.661.368.0

74.880.985.287.389.7

92.095.8

100.0104.2107.8

110.7111.8

86.088.090.793.197.3

101.5105.3

106.5107.8108.2108.8

110.2110.6111.1111.0

111.3111.6112.5111.8

111.7112.3113.4

See next page for conunuauon of rao/e.

352


TABLE B-3.—Implicit price deflators for gross domestic product, 1959-92—Continued

[Index numbers, 1987 = 100, except as noted; quarterly data seasonally adjusted]

Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985 .1986198719881989

19901991

1982: IV1983 IV ...1984- IV1985: IV1986: IV1987: IV1988: IV

1989-1IIIllIV .. .

1990:1IIIll .IV

1991:1....:IIIllIV

1992:1IIIII

Exports andimports of goods

and services1

Exports

28 0

28 629.028 928.9291

30 031.031.832 333.3

35.336.638.143.653.0

58.561.264.368.978.0

87.192 995.296.898.9

97.796.9

100.0105 3107.7

109.2110.9

94.798.298 797.797.4

101.6106.6

107.8107.9107.6107.4

108.2108.4109 3110.9

111.1110.9110.7111.0

111.11110111.0

Imports

23 4

23 823.823 724.324 9

25 325.826.026 226.7

28.430.032.237.353.5

58.560.566.470.783.1

101.4104 599.795.994.7

91.993.2

100.0105 1107.8

111.4110.5

98.595.493 694.293.6

102.6106.0

107.6108.8106.9107.7

109.8108.01114116.5

112.8110.1109.3109.8

108.4109 1107.4


Total

20.8

20.921.322 322.823 4

24 025.026.327 929.6

31.934.437.040.044.0

48.451.855.459.665.1

72.078 784.087.791.4

95.097.4

100.0103 6107.8

112.2115.9

85.887.992 796.298.3

100.9104.8

106.7107.5108.1109.0

110.6111.3112 7114.1

115.1115.4116.3116.9

117.7118 7119.2

Federal

Total

215

21.321.722 823.323 9

24.625.526.528129.6

31.834.437.640.944.8

49.352.656.260.466.0

73.481487.191.093.9

96.998.6

100.0102 6106.8

111.2115.2

89.089.995 098.198.8

100.2103.6

106.0106.6106.8107.7

109.6110.1111 7113.2

114.5114.3115.5116.6

118.6119 3120.0

Nationaldefense

36.940.544.5

48.551.955.659.865.8

73.581 187.691.694.8

97.398.6

100.0103 0106.6

110.8114.5

89.691.795 598.798.7

100.3103.9

106.1106.4106.4107.5

109.4109.71112113.1

113.9113.3114.7116.2

118.11189119.5

Non-defense

39.341.945.5

51.254.157.761.766.4

73.382185.989.591.3

95.798.6

100.0101 4107.3

112.0117.1

87.784.393 796.499.2

100.1102.6

105.8107.1107.8108.4

110.4111.2113 2113.3

116.2116.8117.6117.6

119.8120 3121.0

Stateandlocal

19.9

20.420.921722.322.8

23.524.626.111129.6

32.134.436.539.443.5

47.951.254.959.164.5

71.176 781.785.289.4

93.496.4

100.0104 3108.6

112.9116.4

83.486.490 994.897.8

101.5105.7

107.2108.2109.0109.9

111.2112.1113 4114.8

115.5116.1116.8117.1

117.1118.3118.7

Finalsales ofdomes-

ticproduct

25.6

26.026.226 827.227.7

28.329.330.231.733.3

35.237.138.841.244.9

49.252.255.760.165.4

71.878.783.887.490.8

94.396.9

100.0103.9108.5

113.2117.8

85.288.692195.597.9

101.3105.6

106.9108.1109.0110.0

111.3112.6113.9115.1

116.4117.4118.3118.9

119.8120.7121.2

Grossdomestic

pur-chases 2

25.4

25.826.026 627.027.5

28.229.230.031.433.0

34.736.738.440.844.9

49.252.356.160.566.0

11179.784.187.290.9

93.996.5

100.0103.9108.5

113.4117.7

85.388.491.995.397.5

101.4105.5

106.9108.2109.0110.0

111.5112.6114.0115.7

116.6117.3118.0118.7

119.5120.3120.6

Percentchangefrom

preced-ing

period,GDP

implicitpricedefla-tor3

2.8

1.61.22.31.11.8

2.53.53.15.05.0

5.45.44.66.48.7

9.66.36.97.98.6

9.510.06.24.14.4

3.72.63.23.94.4

4.34.1

5.44.63.83.7

4.44.84.73.9

5.33.52.42.4

3.12.72.0

1 Excludes receipts and payments of factor income from or to rest of the world.2 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.3 Quarterly changes are at annual rates.

Note.—Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exportsof goods and services.


353


TABLE B-4.—Changes in gross domestic product and personal consumption expenditures, and related

implicit price deflators and fixed-weighted price indexes, 1960-92

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

Year or quarter

I9601961196219631964

19651966196719681969

197019711972 . .19731974

19751976197719781979

1980 .198119821983 .1984

1985 . . . . .198619871988 .1989

19901991 . . .

1987:11!IllIV .

1988:1IIIllIV

1989:1II .. . .IllIV

1990:1||IIIIV . .

1991:1. .. .||IIIIV

1992-1 .. .IIIll

Gross domestic product

Currentdollars

3.9367.5557.4

8.4955.8927.9

538.6

10 01188.1

8.711511613.111.5

881193.981

10.9

69576.4797.2

5.22.8

6.881729.9

6.191768.1

8.6633.851

7.7582.7

1

18524.028

624.35.3

Con-stant

(1987)dollars

2.2275.24.15.6

55592.6422.7

02.95152

-.6

- . 849454.82.5

_ 518

-2 .2396.2

32293.1392.5

.8-1 .2

3.051405.9

2.643253.9

3.218015

2.810

-1 .6- 3 9

- 3 01 71.2

6

291.53.4

Implicitprice

deflator

1.6122.31.11.8

2.5353.1505.0

545.44.6648.7

9.66.3697.98.6

9.510 06.2414.4

37263.2394.4

4.34.1

3.329333.6

3.644513.9

5.4463.837

4.4484.739

53352.424

312.72.0

Fixed-weight-ed price

index(1987

weights)

3.93.4

3.5283.1394.4

4.54.0

3.42.83.33.6

3.64.55.43.7

5.04.73.73.6

5.4464.74.1

4.7353.024

3.62.92.1


Currentdollars

4.5336.15.47.4

7.8835.89.88.0

718.39.6

10 59.4

10.511.511.211.811.4

10.410 26.99.69.0

8.4697.18.06.9

6.43.7

5.59.48.34.4

9.97.98.48.9

5.17.06.35.3

8.4488.032

.4544.43.0

8.43.55.2

Con-stant

(1987)dollars

2.72.34.43.85.6

5.6513.15.23.7

2.43.35.645

- .6

2.15.24.04.12.4

- . 11.21.14.64.8

4.43.62.83.61.9

1.2- . 6

4.83.9

- . 1

7.12.52.94.1

.11.12.9.8

2.21

1.7-3 .1

-3 .0201.5

- . 3

5.1-.13.7

Implicitprice

deflator

1.9.7

1.81.41.7

2.13.02.64.14.3

4.45.13.75.7

10.2

8.25.96.97.28.9

10.49.05.74.93.9

3.93.14.24.24.9

5.24.3

5.94.54.14.5

2.85.25.14.7

5.05.73.34.4

6.34.76.16.7

3.43.13.03.4

3.03.61.3

Fixed-weight-ed price

index(1987

weights)

1.3.8.6.9

1.1

1.01.82.63.83.8

4.44,43.34.69.3

8.15.66.47.08.5

10.38.65.44.33.7

3.83.04.14.34.9

5.34.4

5.64.44.34.5

2.75.25.34.6

5.25.93.54.3

6.44.46.46.8

3.43.33.03.1

3.53.52.6


354


TABLE B-5.—Selected per capita product and income series in current and 1987 dollars, 1959-92

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

Year or

1959

196019611962 ,19631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981...198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985.1V1986:1V1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

Current dollars

Grossdomes-tic

prod-uct

2,791

2,8402,8943,0633,1863,376

3,6163,9154,0974,4304,733

4,9285,2835,7506,3686,819

7,3438,1098,96110,02911,055

11,89213,17713,56414,53115,978

16,93317,73518,69419,99421,224

22,09222 466

13,70915,08516,31017,29617,95319,21320,506

20,89321,17021,31221,519

21,87422,13022,21122,152

22,19422,42222,57722,671

22,95823,14123,373

Person-al

income

2,209

2,2642,3212,4302,5162,661

2,8453,0613,2533,5363,816

4,0524,3024,6715,1845,637

6,0536,6327,2698,1219,032

9,94811,02111,58912,21613,345

14,17014,91715,65516,63017,706

18,66019 106

11,78612,61313,66814,44015,10216,07617,053

17,46617,63917,72017,995

18,36518,59518,74818,928

18,88419,05019,15119,337

19,57819,71719,790

Dispos-able

person-al

income

1,958

1,9942,0482,1372,2102,369

2,5272,6992,8613,0773,274

3,5213,7794,0424,5214,893

5,3295,7966,3167,0427,787

8,5769,4559,98910,64211,673

12,33913,01013,54514,47715,307

16,17416 658

10,18911,03311,92512,56513,12113,90714,850

15,13315,21415,32215,558

15,91716,09216,24216,443

16,43316,60416,70616,885

17,14317,29717,332


Total

1,796

1,8391,8691,9532,0302,149

2,2872,4502,5622,7852,978

3,1523,3723,6584,0024,337

4,7455,2415,7726,3847,035

7,6778,3758,8689,63410,408

11,18411,84312,56813,44814,241

14,99615 384

9,1349,98010,64911,44512,10112,81913,814

13,95914,16514,34514,491

14,75214,88715,13315,209

15,18415,34515,46815,537

15,81415,90716,063

Dura-ble

goods

242

240228252273296

327348355404425

416468528585575

622734829909952

933994

1,0181,1731,345

1,4801,6191,6621,7831,857

1,8571 765

1,0591,2661,3831,4801,6841,6771,841

1,8291,8521,9011,845

1,9201,8571,8501,803

1,7461,7491,7901,775

1,8451,8451,887

Non-durablegoods

838

847857878895936

9871,0601,0911,1711,244

1,3181,3641,4541,6021,780

1,9262,0722,2262,4322,725

2,9993,2363,3263,4903,693

3,8553,9564,1634,3814,647

4,8994 952

3,3783,5723,7423,9243,9904,2234,495

4,5484,6414,6714,725

4,8184,8434,9354,997

4,9474,9714,9614,931

5,0085,0095,054

Serv-ices

716

752784823861917

9741,0411,1161,2111,308

1,4181,5401,6761,8141,982

2,1972,4362,7173,0433,359

3,7454,1464,5234,9715,370

5,8496,2696,7427,2847,737

8,2408 666

4,6965,1435,5246,0406,4286,9197,477

7,5827,6727,7737,921

8,0148,1878,3488,409

8,4918,6258,7178,831

8,9609,0539,122

Constant (1987) dollars

Grossdomes-tic

prod-uct

10,892

10,90311,01411,40511,70412,195

12,71213,30713,51013,93214,171

14,01314,23214,80115,42215,185

14,91715,50216,03916,63516,867

16,58416,71016,19416,67217,549

17,94418,29918,69419,25219,556

19,51319 077

16,13217,06217,68018,10218,32818,97719,429

19,54519,58919,53619,554

19,64719,64619,50719,254

19,05819,09019,09419,066

19,15919,18219,288

Dispos-able

person-al

income

7,256

7,2647,3827,5837,7188,140

8,5088,8229,1149,3999,606

9,87510,11110,41411,01310,832

10,90611,19211,40611,85112,039

12,00512,15612,14612,34913,029

13,25813,55213,54513,89014,005

14,06813 886

12,15412,59113,14513,27813,52213,68513,996

14,09013,96713,95114,015

14,12814,12014,03813,988

13,86113,89113,87613,913

14,01714,02113,998


Total

6,658

6,6986,7406,9317,0897,384

7,7038,0058,1638,5068,737

8,8429,0229,4259,7529,602

9,71110,12110,42510,74410,876

10,74610,77010,78211,17911,617

12,01512,33612,56812,90313,029

13,04412 824

10,89511,39011,73912,09512,47212,61513,020

12,99713,00313,06113,053

13,09413,06313,08012,938

12,80812,83812,84812,803

12,93012,89312,973

Dura-ble

goods

646

638595644688733

803844841919941

896970

1,0731,1641,062

1,0501,1761,2711,3161,284

1,1541,1501,1311,2701,432

1,5521,6701,6621,7491,781

1,7571 641

1,1691,3571,4661,5441,7211,6601,785

1,7661,7821,8191,759

1,8221,7601,7491,699

1,6371,6301,6581,639

1,7001,6861,719

Non-durablegoods

2,928

2,9152,9262,9642,9773,065

3,1733,2943,3163,4173,469

3,4973,4943,6013,6703,552

3,5523,6743,7223,7953,833

3,7793,7743,7563,8423,953

4,0194,1184,1634,2234,251

4,2274125

3,7793,8923,9754,0464,1444,1624,255

4,2524,2384,2494,263

4,2524,2364,2314,189

4,1444,1474,1294,081

4,1264,0994,113

Serv-ices

3,083

3,1453,2183,3233,4233,586

3,7263,8674,0064,1694,327

4,4494,5584,7514,9174,988

5,1105,2715,4335,6335,760

5,8145,8455,8956,0666,231

6,4446,5486,7426,9306,997

7,0597 058

5,9486,1416,2986,5056,6076,7926,979

6,9796,9836,9937,031

7,0217,0677,1007,049

7,0277,0617,0627,082

7,1047,1087,141

Popula-tion

sands) 1

177,073

180,760183,742186,590189,300191,927

194,347196,599198,752200,745202,736

205,089207,692209,924211,939213,898

215,981218,086220,289222,629225,106

227,715229,989232,201234,326236,393

238,510240,691242,860245,093247,397

249,961252 711

233,060235,146237,231239,387241,550243,745246,004

246,488247,026247,701248,372

248,931249,558250,303251,050

251,687252,329253,053253,776

254,388255,054255,786

1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data areaverages of quarterly data. Quarterly data are averages for the period.

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

355


TABLE B-6.—Gross domestic product by major type of product, 1959-92

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

Year orquarter


Finalsales ofdomes-

ticproduct

Changein

busi-ness

inven-tories

Goods l

Total

TotalFinalsales

Changein

busi-ness

inven-tories

Durable goods Nondurable goods

Finalsales

Changein

busi-ness

inven-tories

Finalsales

Changein

busi-ness

inven-tories

Serv- Struc-tures

Autooutput

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV..1983: IV..1984: IV..1985: IV..1986: IV..1987: IV..1988: IV..

1989:1II...III..IV..

1990-.I

1991:1..

1992:1II....III...

494.2

513.4531.8571.6603.1648.0

702.7769.8814.3889.3959.5

1,010.71,097.21,207.01,349.61,458.6

1,585.91,768.41,974.12,232.72,488.6

2,708.03,030.63,149.63,405.03,777.2

4,038.74,268.64,539.94,900.45,250.8

5,522.25,677.5

3,195.13,547.33,869.14,140.54,336.64,683.05,044.6

5,150.05,229.55,278.95,344.8

5,445.25,522.65,559.65,561.3

5,585.85,657.65,713.15,753.3

5,840.25,902.25,978.5

490.0

510.1528.9565.5597.5643.0

693.0756.0803.8880.2949.8

1,008.41,089.21,197.11,331.91,444.4

1,591.51,751.71,949.42,204.82,475.9

2,717.53,005.23,165.53,410.63,706.1

4,014.14,260.04,513.74,884.25,217.5

5,515.95,687.7

3,241.43,527.13,818.14,107.94,355.44,623.75,027.3

5,106.25,189.75,259.35,314.6

5,437.15,484.95,549.25,592.3

5,614.45,679.45,712.95,744.2

5,855.95,894.15,963.5

4.2

3.22.96.15.75.0

9.713.810.59.19.7

2.38.09.9

17.714.3

- 5 . 716.724.727.912.8

- 9 . 525.4

-15.9- 5 . 571.1

24.68.6

26.316.233.3

6.3-10.2

-46 .320.251.032.6

-18 .859.317.3

43.739.819.630.2

8.137.710.4

-31.0

-28 .5-21.8

.29.2

-15.88.1

15.0

250.8

257.1260.4281.5293.2313.5

342.9380.1395.1427.4456.6

467.8493.0537.4616.6662.8

715.1798.8880.4989.1

1,100.2

1,176.21,324.61,315.01,407.31,591.9

1,652.61,705.31,794.51,942.02,097.0

2,166.42,182.5

1,302.21,483.01,617.51,673.71,714.51,865.42,007.0

2,060.92,104.12,106.92,115.9

2,151.62,180.02,178.02,155.8

2,158.32,179.12,195.12,197.6

2,217.82,241.32,273.4

246.6

253.9257.4275.4287.5308.5

333.2366.3384.6418.3446.8

465.6485.0527.5598.9648.5

720.8782.0855.7961.2

1,087.5

1,185.71,299.21,330.91,412.81,520.8

1,628.01,696.71,768.21,925.72,063.6

2,160.02,192.7

1,348.51,462.81,566.51,641.11,733.31,806.11,989.7

2,017.22,064.32,087.32,085.7

2,143.52,142.32,167.62,186.8

2,186.82,200.92,194.92,188.4

2,233.62,233.22,258.4

4.2

3.22.96.15.75.0

9.713.810.59.19.7

2.38.09.9

17.714.3

- 5 . 716.724.727.912.8

- 9 . 525.4

-15.9- 5 . 571.1

24.68.6

26.316.233.3

6.3-10.2

-46 .320.251.032.6

-18.859.317.3

43.739.819.630.2

8.137.710.4

-31.0

-28 .5-21 .8

.29.2

-15.88.1

15.0

91.1

93.893.1

103.4110.0119.6

132.4147.9154.5169.1180.1

182.1189.4209.7242.0257.1

288.8323.6368.3416.9474.5

502.1544.2541.6579.4647.0

704.8730.2753.5835.6891.2

920.6907.6

550.6620.5676.3705.7751.5769.3861.0

867.2893.2910.3893.9

936.1914.5919.5912.1

897.3916.8910.8905.7

923.6932.3943.8

3.1

1.6- . 13.42.74.0

6.710.25.54.76.4

- . 12.87.2

15.011.2

- 7 . 010.39.7

20.39.6

- 2 . 66.2

-16.05.5

44.9

8.61.6

21.624.325.2

- . 9-19.2

-41 .125.538.510.9

-11.937.135.3

40.217.010.633.0

- 1 . 310.710.3

-23 .1

-35.4-26 .5

- 7 . 0- 8 . 1

-19 .39.52.7

155.5

160.1164.3172.0177.5188.9

200.8218.5230.2249.1266.8

283.5295.5317.8356.9391.4

432.0458.4487.4544.3613.0

683.6755.0789.3833.4873.8

923.2966.5

1,014.71,090.11,172.5

1,239.51,285.1

798.0842.3890.2935.4981.8

1,036.91,128.7

1,149.91,171.21,177.01,191.8

1,207.41,227.81,248.11,274.6

1,289.51,284.11,284.11,282.7

1,310.01,300.81,314.6

1.1

1.63.02.73.01.0

3.03.65.04.43.3

2.35.22.72.83.1

1.36.4

15.07.63.1

- 6 . 819.2

.1-11.0

26.2

16.07.14.7

- 8 . 18.1

7.29.0

- 5 . 2- 5 . 312.521.7

- 7 . 022.2

-18.0

3.522.89.0

- 2 . 8

9.427.0

.2- 7 . 9

6.84.87.2

17.3

3.5- 1 . 412.3

181.7

195.1208.6223.1238.1256.9

276.0302.8330.7363.0395.8

434.3477.0523.6571.0631.3

706.9782.2870.4975.5

1,079.6

1,215.41,357.41,494.21,636.31,770.7

1,939.02,097.32,267.22,460.92,642.1

2,846.43,030.2

1,553.31,686.11,824.72,008.92,154.12,327.62,528.5

2,576.82,616.72,659.92,715.2

2,765.12,826.62,875.62,918.4

2,963.33,013.83,053.63,090.3

3,142.23,173.43,217.8

61.7

61.162.867.071.977.6

83.886.988.598.9

107.1

108.6127.2145.9161.9164.5

163.8187.5223.3268.1308.8

316.4348.6340.4361.5414.7

447.1466.0478.2497.5511.7

509.4464.7

339.5378.2426.9457.9468.1490.1509.1

512.3508.7512.1513.7

528.5516.1506.0487.1

464.3464.7464.4465.5

480.1487.6487,3

19.4

21.317.822.425.125.9

31.130.227.835.034.7

28.538.941.445.938.8

40.355.164.267.966.2

59.268.365.388.3

104.2

115.8120.4118.9129.1135.1

129.7119.7

63.2101.9110.4115.1122.5120.9136.1

140.3137.3131.9131.0

129.5132.9139.0117.4

112.6118.8125.0122.3

125.1135.0135.0

1 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included inservices.


356


TABLE B-7.—Gross domestic product by major type of product in 1987 dollars, 1959-92

[Billions of 1987 dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter


Finalsales ofdomes-

ticproduct

Changein

busi-ness

inven-tories

Goods »

Total

Total Finalsales

Changein

busi-ness

inven-tories

Durable goods

Finalsales

Changein

busi-ness

inven-tories

Nondurable goods

Finalsales

Changein

busi-ness

inven-tories

Serv-ices1

Struc- Autooutput

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV..1983: IV..1984: IV..1985: IV..1986: IV..1987: IV..1988: IV..

1989:1....

IV..

1990:1....II...III..IV..

1991: 1 ...II...III..

IV..

1992:1....II...III..

1,928.8

1,970.82,023.82,128.12,215.62,340.6

2,470.52,616.22,685.22,796.92,873.0

2,873.92,955.93,107.13,268.63,248.1

3,221.73,380.83,533.33,703.53,796.8

3,776.33,843.13,760.33,906.64,148.5

4,279.84,404.54,539.94,718.64,838.0

4,877.54,821.0

3,759.64,012.14,194.24,333.54,427.14,625.54,779.7

4,817.64,839.04,839.04,856.7

4,890.84,902.74,882.64,833.8

4,796.74,817.14,831.84,838.5

4,873.74,892.44,933.7

1,915.2

1,962.72,015.62,112.52,199.62,324.9

2,445.42,579.52,657.52,773.22,848.2

2,868.02,935.23,084.53,230.93,217.2

3,235.63,355.33,499.03,666.33,783.2

3,784.63,818.63,777.83,902.24,080.6

4,257.64,395.94,513.74,698.64,808.3

4,871.34,830.3

3,804.53,982.84,146.24,303.34,447.24,565.64,758.7

4,776.34,802.04,823.04,831.8

4,883.34,870.04,871.44,860.6

4,821.84,837.44,831.24,830.9

4,886.34,884.64,918.7

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13 .925.534.337.213.6

- 8 . 324.6

-17 .54.4

67.9

22.18.5

26.319.929.8

6.2- 9 . 3

29.347.930.2

-20 .159.920.9

41.236.916.024.9

7.532.811.2

-26 .8

— 25.1-20 .4

.67.5

-12 .67.8

15.0

825.2

835.3840.9889.6914.9967.6

1,033.01,113.31,129.41,168.91,193.9

1,173.01,182.01,251.01,349.81,328.2

1,291.81,372.71,436.91,507.31,537.1

1,509.51,547.41,468.71,531.71,667.7

1,695.01,740.11,794.51,892.51,961.7

1,956.81,911.2

1,447.71,597.81,680.91,708.11,741.81,850.81,926.0

1,956.81,973.91,959.41,956.9

1,972.01,975.31,957.71,922.3

1,903.11,907.61,918.31,915.7

1,924.01,936.71,966.2

811.6

827.1833.7874.0898.9952.0

1,007.91,076.61,101.71,145.31,169.1

1,16711,161.31,228.41,312.11,297.3

1,305.71,347.21,402.61,470.11,523.5

1,517.71,522.91,486.21,527.31,599.8

1,672.91,731.61,768.21,872.61,932.0

1,950.71,920.5

1,492.61,568.51,633.01,677.91,761.81,790.91,905.0

1,915.51,937.01,943.41,932.0

1,964.51,942.61,946.51,949.1

1,928.21,928.01,917.71,908.2

1,936.61,929.01,951.3

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13 .925.534.337.213.6

- 8 . 324.6

-17 .54.4

67.9

22.18.5

26.319.929.8

6.2- 9 . 3

-44 .929.347.930.2

-20 .159.920.9

41.236.916.024.9

7.532.811.2

- 2 6 . 8

-25 .1-20 .4

.67.5

-12.67.8

15.0

273.8

277.8273.5296.5310.4334.3

364.1399.4413.7430.4438.4

428.0419.2458.4528.0524.6

521.6540.6583.6623.7654.1

626.4619.4578.9601.5655.1

703.4731.5753.5833.1868.1

881.0851.6

580.9639.4677.6703.1750.4769.4852.9

853.6874.1882.3862.3

900.1879.1877.1867.6

847.4860.2851.7846.8

859.6865.7880.2

8.6

4.6- . 38.67.5

11.3

18.327.114.512.815.7

- . 98.9

16.231.219.6

-11 .517.015.628.711.7

- 4 . 36.3

-16.06.3

45.7

9.31.9

21.623.323.8

- . 7-17 .5

-41 .926.739.711.9

-11 .936.933.5

38.515.99.6

31.0

- 1 . 310.09.5

-21.2

- 3 2 . 2- 2 4 . 0

- 6 . 4- 7 . 4

-17 .38.63.3

537.8

549.3560.2577.5588.5617.6

643.8677.2688.0714.9730.7

739.1742.1770.0784.1772.7

784.1806.6819.0846.4869.3

891.4903.4907.3925.8944.7

969.51,000.11,014.71,039.51,063.9

1,069.71,069.0

911.6929.1955.3974.9

1,011.41,021.51,052.2

1,061.91,062.81,061.21,069.6

1,064.41,063.41,069.41,081.5

1,080.81,067.81,066.01,061.3

1,07701,063.31,071.1

5.0

3.57.57.08.64.4

6.99.6

13.110.99.1

6.911.96.46.5

11.3

- 2 . 58.5

18.78.51.9

- 4 . 018.3

- 1 . 5- 1 . 822.3

12.96.74.7

- 3 . 46.0

6.98.2

- 3 . 02.68.3

18.3- 8 . 223.0

-12 .5

2.721.06.4

- 6 . 1

22.71.7

- 5 . 6

7.13.67.0

15.0

4.7- . 811.6

843.7

877.3916.7956.8999.9

1,052.6

1,102.11,168.41,226.61,277.81,324.6

1,362.01,401.81,454.11.508.31,553.9

1,602.21,649.11,701.21,770.61,821.7

1,864.31,895.71,922.81,976.82,033.1

2,115.32,185.02,267.22,349.72,403.9

2,463.02,497.6

1,942.11,998.32,058.12,148.82,208.22,290.92,372.4

2,382.32,394.52,408.52,430.0

2,440.82,462.62,472.12,476.5

2,480.52,497.32,503.72,509.0

2,520.12,522.42,537.5

259.9

258.2266.1281.7300.8320.4

335.4334.5329.3350.1354.5

338.9372.1401.9410.4366.1

327.7359.0395.2425.6438.0

402.5400.0368.8398.1447.7

469.4479.3478.2476.4472.5

457.7412.2

369.8416.0455.1476.5477.2483.8481.3

478.4470.5471.1469.8

478.0464.8452.8435.1

413.2412.1409.8413.7

429.5433.3429.9

59.5

63.853.163.368.969.5

83.280.472.486.682.9

65.485.389.998.779.0

74.896.8

106.0104.294.8

79.186.879.2

101.7115.8

125.0124.4118.9127.3128.0

121.7109.3

75.3113.7122.4122.4124.1120.3134.6

133.3130.4124.6123.8

122.6124.6129.6110.2

104.8110.7112.2109.4

111.2121.4118.6



357


T A B L E B-8.—Gross domestic product by sector, 1939-92


Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982 IV1983 IV1984 IV1985 IV1986 IV1987 IV1988 IV

1989 1IIIIIIV

1990 1IIIIIIV

1991 1IIIIIIV

1992 1IIIll


494 2

513 4531.8571.6603.1648.0

702.7769.8814.3889.3959.5

1,010.71,097.21,207.01,349.61,458.6

1,585.91,768.41,974.12,232.72,488.6

2,708.03,030.63,149.63,405.03,777.2

4,038.74,268.64,539.94,900.45,250.8

5,522.25,677.5

3,195.13,547.33,869.14,140.54,336.64,683.05,044.6

5,150.05,229.55,278.95,344.8

5,445.25,522.65,559.65,561.3

5,585.85,657.65,713.15,753.3

5,840.25,902.25,978.5

Business J

Total »

436 9

4514465.7500.5527.1565.8

614.1670.1703.5765.4822.5

858.7931.2

1,025.31,151.51,242.7

1,346.11,507.41,691.11,921.12,147.9

2,328.92,611.72,692.12,914.83,251.1

3,473.53,665.73,890.84,201.04,495.9

4,702.84,803.8

2,724.03,046.63,330.33.561.23,718.34,016.64,327.3

4,413.94,481.54,518.24,569.8

4,649.14,709.34,732.94,719.9

4,726.24,786.74,835.24,867.2

4,937.44,988.65,057.5

Nonfarm*

419 8

434 7447.9481.4508.7547.2

592.9644.4680.5742.8799.9

832.5900.0991.7

1,102.21,193.9

1,291.41,450.61,633.01,858.72,069.7

2,259.22,530.92,634.42,855.53,191.6

3,420.33,601.53,849.54,161.84,413.7

4,612.44,702.8

2,674.12,986.93,283.23,501.53,656.03,970.94,291.9

4,342.94,397.64,437.64,476.6

4,547.54,619.84,634.04,648.2

4,635.84,677.14,725.54,772.9

4,826.94,877.64,940.0

Farm

18 9

19 820.120.220.419.3

21.922.922.222.725.2

26.228.132.649.847.4

48.846.447.254.764.5

56.169.965.149.268.5

67.162.966.067.681.1

85.079.1

60.045.867.565.764.370.660.8

82.582.379.480.4

85.488.285.580.8

77.082.579.277.9

81.680.182.5

Statis-tical

discrep-ancy

18

31-2 .2- 1 . 0- 2 . 0

- . 7

- . 72.8

.8- . 1

- 2 . 6

.03.11.1

- . 51.4

6.010.410.97.6

13.8

13.610.9

- 7 . 410.2

- 9 . 0

-13.91.2

-24.8-28.4

1.1

5.421.9

-10.113.8

-20.5- 5 . 9-2 .0

-24.9-25.4

-11.41.71.2

12.8

16.11.2

13.4- 9 . 1

13.427.130.516.4

29.030.935.1

House-holdsand

institu-tions

12 4

13 914.515.616.717.9

19.321.323.426.129.5

32.435.639.043.047.2

52.057.162.471.078.9

89.3100.5111.6121.3132.0

141.7153.3170.5187.6206.1

227.8246.1

115.5125.1135.6145.6157.8177.6194.3

199.3203.7208.2213.3

218.8225.0231.3235.9

237.4244.1249.3253.5

258.3261.5264.8

General government2

Total

44 9

48151.655.559.364.4

69.378.487.497.8

107.5

119.5130.4142.6155.1168.8

187.7203.9220.6240.7261.9

289.8318.4345.8368.9394.1

423.6449.6478.7511.7548.8

591.6627.6

355.6375.6403.2433.6460.5488.8523.0

536.7544.3552.5561.7

577.3588.4595.3605.5

622.2626.8628.7632.7

644.4652.2656.2

Federal

217

22.623.725.226.528.5

30.034.337.941.944.9

48.551.154.957.261.1

66.671.075.681.887.1

96.3107.7117.3125.0132.2

140.3143.7151.4159.8169.1

180.3192.0

121.1126.2134.1142.4144.9153.2161.3

167.9168.5169.3170.6

177.8180.5179.8182.9

193.3192.4191.3191.1

198.2198.7199.0

Stateandlocal

231

25.527.930.232.935.9

39.344.149.555.962.6

71.179.387.797.9

107.6

121.1132.9145.0158.9174.8

193.5210.7228.5243.9261.9

283.2305.9327.3351.9379.8

411.4435.6

234.5249.4269.2291.2315.6335.6361.7

368.8375.8383.3391.2

399.5407.9415.6422.6

428.9434.5437.4441.6

446.2453.5457.2

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

358


TABLE B-9.—Gross domestic product by sector in 1987 dollars, 1959-92


Year or quarter

1959

19601961 .196219631964

19651966196719681969

197019711972..19731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982 IV1983 IV1984 IV1985 IV1986 IV1987 IV1988 IV

1989 1IIII!IV

1990 1IIIIIIV

1991 1IIIIIIV

1992 1IIIII .


1,928,8

1,970.82,023.82,128.12,215.62 340 6

2 470 52,616.22 685 22,796.92 873.0

2 873.92,955.93,107.13,268.63 2481

3.221.73,380.83,533.33,703.53,796.8

3,776.33,843.13,760.33,906.64,148.5

4,279.84,404.54,539.94,718.64,838.0

4,877.54,821.0

3,759.64,012.14,194.24,333.54,427.14,625.54,779.7

4,817.64,839.04,839.04,856.7

4,890.84,902.74,882.64,833.8

4,796.74,817.14,831.84,838.5

4,873.74,892.44,933.7

TotalJ

1,582.1

1,609.51,650.71,740.81,818.81930 4

2,045 32,162.62 208 02,303.02,366.2

2 368.42,447.42,594.82,749.72 719 6

2,684.62,840.12,987.83,144.23,226.0

3,193.43,253.63,167.33,308.23,541.7

3,658.13,768.33,890.84,050.64,150.5

4,170.14,103.9

3,166.33,411.53,583.03,706.13,786.73,969.94,104.2

4,137.24,153.94,149.34,161.9

4,191.14,196.54,172.84,120.1

4,078.24,098.34,116.14,123.1

4,156.84,174.44,212.5

Business*

Nonfarm1

1,543.4

1,574.31,611.61,698.01,778.61886 8

2 00172,109.12158 82,258.02,326.7

2 318 92,388.62,541.32,702.02 666 0

2,619.62,768.12,914.63,083.83,155.0

3,123.43,179.23,115.83,243.13,496.4

3,608.63,702.83,849.54,014.84,083.4

4,094.74,015.8

3,116.93,349.03,548.93,646.83,724.43,925.54,074.5

4,082.54,083.84,082.44,085.0

4,107.84,124.64,089.94,056.4

3,998.34,007.14,021.64,036.3

4,058.84,076.14,109.2

Farm

45.2

46.446.946.347.146 0

46144.546 545.146.8

49.550.550.748.650 7

53.152.553.848.250.4

51.060.860.253.755.1

64.264.366.063.266.2

70.569.4

61.147.056.165.564.469.053.8

65.468.565.865.2

68.770.871.071.6

68.368.068.572.8

73.672.574.0

Statis-tical

discrep-ancy

- 6 . 5

-11.2- 7 . 8- 3 . 6- 6 . 8- 2 4

- 2 59.02.6

- . 1-7 .2

.08.32.8

- 1 . 030

11.919.519.412.220.6

19.013.6

-8 .711.5

- 9 . 8

-14.71.3

-24 .8-27.4

.9

4.918.7

-11.715.5

-22.0-6 .2- 2 . 1

-24.6-24.1

-10.71.61.1

11.7

14.51.1

11.8-7 .9

11.523.226.013.9

24.425.929.2

House-holdsand

institu-tions

80.1

86.587.591.193.696 5

100 4104.7108 3111.8115.5

114.1116.7120.0123.2124.3

128.0128.6129.8135.1138.3

142.6145.6148.9151.0154.9

159.9166.3170.5180.6190.5

197.7202.4

149.6151.7156.8162.3166.9173.2184.7

187.5190.0191.6193.2

194.8197.0199.3199.6

200.0201.9203.1204.8

206.7206.7208.8

General government2

Total

266.5

274.8285.6296.2303.2313 7

324 8348.9368 9382.1391.3

391.4391.8392.2395.7404.1

409.1412.0415.6424.2432.5

440.3443.9444.2447.4451.9

461.8469.9478.7487.4497.0

509.8514.7

443.8448.9454.4465.1473.5482.3490.7

492.9495.1498.2501.7

505.0509.3510.6514.2

518.5516.9512.6510.6

510.3511.3512.3

Federal

130.5

132.1135.3141.6140.91417

142.3155.4168.1170.7171.2

161.6152.4143.7138.0137.9

137.1137.0137.0138.4137.5

139.2140.9142.4144.8146.4

148.6149.0151.4153.5154.2

156.3157.1

143.2145.2147.1148.7149.8152.8154.0

154.0153.8154.3154.8

155.1156.6155.7157.7

161.1158.6155.5153.4

152.5151.8151.1

Stateandlocal

136.0

142.7150.3154.7162.3172.0

182.5193.5200.8211.4220.1

229.8239.5248.6257.7266.2

272.0275.0278.6285.8295.0

301.1303.0301.8302.6305.4

313.2320.8327.3333.9342.7

353.5357.5

300.6303.7307.3316.5323.7329.5336.7

338.9341.3343.9346.9

349.9352.7354.8356.5

357.4358.3357.1357.3

357.7359.5361.2

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.


359


TABLE B-10.—Gross domestic product of nonjinancial corporate business, 1959-92


Year orquarter

Grossdomes-

ticproduct

ofnon-

financialcorpo-

ratebusi-ness

Con-sump-tionof

fixedcap-ital

Net domestic product

Total

Indi-rectbusi-ness

taxes1

Domestic income

Total

Com-pensa-tion ofemploy-

ees

Corporate profits with inventory valuation and capitalconsumption adjustments

Total

Profits

Profitsbefore

tax

Profitstax

liability

Profits after tax

Total Divi-dends

Undis-tributedprofits

adjust- adjust-

Inven-toryvalu-ation

Capitalcon-

sump-tion

ment ment

Netinter-est

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV..1983: IV..1984-. IV..1985: IV..1986: IV..1987: IV..1988: IV..

1989:1II....III..IV..

1990:1II....III..IV..

1 9 9 1 : III....

1992: I....II...I I I .

267.5

278.1285.5311.7331.8358.1

393.5431.0453.4500.5543.3

561.4606.4673.3754.5814.6

881.2994.6

1,124.71,279.41,423.7

1,546.51,748.61,802.81,936.12,166.5

2,293.62,386.32,547.32,764.82,913.5

3,036.53,073.8

1,806.32,037.22,228.22,338.82,422.82,627.62,843.2

2,870.12,902.32,930.22,951.5

2,999.63,053.13,048.23,045.0

3,037.13,062.73,084.43,111.1

3,138.13,178.83,211.6

24.2

25.226.026.928.129.5

31.534.337.541.445.3

49.754.661.066.277.5

93.3103.8116.2132.3153.0

174.8207.0229.4242.1248.1

258.0271.4281.4297.5317.4

329.3341.2

238.8261.5258.9263.4275.8286.1304.5

308.7312.4321.7326.5

324.8327.2330.8334.4

338.9341.0341.5343.5

342.7347.6363.3

243.2

252.9259.6284.8303.7328.6

362.0396.7415.9459.1498.0

511.6551.7612.4688.3737.1

788.0890.8

1,008.51,147.21,270.7

1,371.71,541.51,573.41,694.01,918.3

2,035.52,114.92,265.92,467.32,596.2

2,707.22,732.6

1,567.51,775.71,969.42,075.42,147.12,341.42,538.8

2,561.42,589.82,608.52,625.0

2,674.92,725.92,717.42,710.6

2,698.22,721.72,742.92,767.5

2,795.42,831.32,848.3

26.0

28.329.532.034.036.6

39.240.543.149.754.7

58.864.569.276.381.4

87.495.1

104.1114.6123.3

139.4167.9169.4185.8206.9

220.3231.4241.0257.1274.2

290.9310.8

172.6194.0212.4223.8233.6245.4263.1

266.6272.5278.8279.0

286.1286.6293.5297.5

304.1305.5314.7318.7

322.6324.1330.1

217.2

224.6230.1252.8269.7292.0

322.8356.2372.8409.3443.3

452.8487.3543.2612.0655.7

700.6795.7904.4

1,032.61,147.4

1,232.41,373.61,404.01,508.21,711.4

1,815.31,883.62,024.92,210.22,322.0

2,416.32,421.8

1,394.91,581.71,756.91,851.61,913.52,096.02,275.7

2,294.92,317.42,329.72,346.0

2,388.82,439.32,423.92,413.2

2,394.22,416,22,428.22,448.8

2,472.82,507.12,518.2

171.5

181.2185.3200.1211.1226.7

246.5274.0292.3323.2358.8

378.7402.0447.1505.9556.8

580.3656.7741.8850.2964.2

1,053.51,164.81,209.91,271.61,409.2

1,503.21,581.51,675.01,814.21,920.2

2,019.02,048.6

1,213.91,327.61,449.71,540.11,611.41,730.11,868.8

1,894.91,907.21,924.01,954.6

1,985.32,017.62,035.72,037.3

2,022.12,042.02,058.62,071.8

2,081.02,096.42,109.5

42.6

40.040.848.253.860.0

70.374.971.876.071.3

57.167.277.083.670.6

91.5111.5132.0146.1138.1

120.7136.9111.5159.9214.3

221.4203.8244.2274.4255.2

248.3229.9

101.5175.2211.4221.4198.6256.8278.5

262.2263.2254.8240.7

254.9272.0239.7226.6

226.2231.4226.5235.3

255.7276.2278.5

43.6

40.340.145.049.856.0

66.271.467.574.070.8

58.167.178.698.6

109.2

109.9137.3158.6183.5195.5

181.6181.0132.9155.9189.0

165.5149.1212.0256.6232.9

232.9207.3

116.5168.1169.0168.4168.5224.8271.4

260.6237.3217.8215.9

224.6235.4245.4226.4

203.1205.2211.2209.7

227.3254.5248.6

20.7

19.219.520.622.824.0

27.229.527.833.633.3

27.229.933.840.242.2

41.553.059.967.169.6

67.063.946.359.473.7

69.975.693.5

101.799.5

92.881.1

40.664.462.671.186.599.6

107.9

113.2101.692.391.1

89.393.798.090.1

78.880.383.382.1

90.2100.896.6

22.9

21.120.724.327.032.1

39.041.939.740.437.5

31.037.144.858.467.0

68.484.498.7

116.4125.9

114.6117.186.796.4

115.4

95.673.5

118.5154.9133.3

140.2126.2

75.9103.7106.497.282.0

125.1163.5

147.4135.7125.5124.8

135.3141.7147.4136.2

124.2124.9127.9127.6

137.1153.7152.0

10.0

10.610.611.412.613.7

15.616.817.519.119.1

18.518.520.121.121.7

24.827.832.037.239.3

45.553.456.466.569.5

74.576.377.982.0

101.9

118.5117.3

59.067.468.774.775.284.084.3

102.4100.5102.3102.3

118.2113.5118.0124.5

119.0115.5113.9120.9

107.1113.4117.0

12.9

10.610.113.014.418.4

23.425.122.221.318.4

12.518.724.737.345.2

43.656.666.879.186.7

69.163.730.229.945.9

21.1- 2 . 840.672.931.5

21.6

16.936.337.722.56.8

41.279.2

45.035.323.322.5

17.228.229.511.7

5.29.3

14.16.7

30.140.435.0

- 0 . 3

- . 2.3.0.1

- . 5

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

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

-20.0-39 .5

-11.0-14.9-16 .6-25 .0-41.6

-43.0-25 .7

- 9 . 9- 8 . 5- 4 . 1

.29.7

-14 .5-27 .3-17 .5

-14.23.1

- 8 . 6-7 .6

3.5- 3 . 8

-10.7-17 .8-31.7

-37.6-15.7

- 3 . 3-13 .5

- 6 . 63.8

-32.6-21.2

6.79.9

- 4 . 8

-5 .4-15 .5

- 9 . 7

- 0 . 7

- . 2

123.94.5

5.35.65.85.66.3

5.54.75.05.0

- 7 . 4-10 .9-10 .0-12 .3-15 .9

-17 .8-18 .4-11 .5

12.529.4

55.644.946.745.039.9

29.519.4

- 6 . 414.738.956.940.849.838.8

39.241.640.338.3

36.932.926.921.5

16.516.220.124.8

33.837.139.5

3.1

3.54.04.54.85.3

6.17.48.8

10.113.2

17.118.119.222.528.3

28.727.530.636.345.1

58.271.982.576.787.9

90.798.3

105.8121.6146.6

149.0143.4

79.678.995.890.0

103.5109.2128.4

137.7147.0150.9150.7

148.7149.7148.4149.2

145.9142.9143.0141.7

136.0134.6130.3

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


360


TABLE B-ll .—Output, costs, and profits of nonfinancial corporate business, 1959-92

[Quarterly data at seasonally adjusted annual rates]

Year or quarter

Gross domesticproduct of

nonfinancialcorporatebusiness

(billions ofdollars)

Current 1987dollars dollars

Current-dollar cost and profit per unit of output (dollars)2

Totalcostand

prof i t2

Con-sump-tionof

fixedcap-ital

Indi-rectbusi-ness

taxes 3

Com-pen-

sationof

employ-ees

Corporate profits withinventory valuation and

capital consumptionadjustments

TotalProfits

taxliability

Profitsaftertax4

Netinterest

Outputper hour

of allemploy-

ees(1987

dollars)

Compen-sation

per hourof all

employ-ees

(dollars)

19591960196119621963196419651966....19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911982: IV1983: IV1984: IV1985: IV1986: IV1987-. IV1988: IV

1990:1IIIllIV

1991:1IIIllIV

1992:1II...III..

267.5278.1285.5311.7331.8358.1393.5431.0453.4500.5543.3561.4606.4673.3754.5814.6881.2994.6

1,124.71,279.41,423.71,546.51,748.61,802.81,936.12,166.5

1989:1

2,293.62,386.32,547.32,764.82,913.53,036.53,073.81,806.32,037.22,228.22,338.82,422.82,627.62,843.2

2,870.12,902.32,930.22,951.5

2,999.63,053.13,048.23,045.0

3,037.13,062.73,084.43,111.1

3,138.13,178.83,211.6

928.7955.6978.2

1,047.51,104.81,179.31,262.21,336.01,367.41,444.31,492.51,-473.41,525.91,629.51,706.91,669.71,625.61,748.51,866.71,967.11,995.71,980.92,035.12,001.32,112.32,284.12,364.32,439.32,547.32,684.82,718.92,740.02,698.01,999.62,204.22,328.42,396.92,463.32,604.02,719.0

2,719.12,715.82,717.92,722.7

2,742.02,763.32,737.32,717.4

2,683.52,687.42,699.12,722.0

2,737.62,760.82,787.6

0.288.291.292.298.300.304.312.323.332.347.364.381.397.413.442.488.542.569.603.650.713.781.859.901.917.949.970.978

1.0001.0301.0721.1081.139

.903

.924

.957

.976

.9841.0091.046

1.0561.0691.0781.084

1.0941.1051.1141.121

1.1321.1401.1431.143

1.1461.1511.152

0.026.026.027.026.025.025.025.026.027.029.030.034.036.037.039.046.057.059.062.067.077.088.102.115.115.109.109.111.110.111.117.120.126.119.119.111.110.112.110.112

.114

.115

.118

.120

.118

.118

.121

.123

.126

.127

.127

.126

.125

.126

.130

0.028.030.030.031.031.031.031.030.032.034.037.040.042.042.045.049.054.054.056.058.062.070.082.085.088.091.093.095.095.096.101.106.115.086.088.091.093.095.094.097

.098

.100

.103

.102

.104

.104

.107

.109

.113

.114

.117

.117

.118

.117

.118

0.185.190.189.191.191.192.195.205.214.224.240.257.263.274.296.333.357.376.397.432.483.532.572.605.602.617.636.648.658.676.706.737.759.607.602.623.643.654.664.687

.697

.702

.708

.718

.724

.730

.744

.750

.754

.760

.763

.761

.760

.759

.757

0.046.042.042.046.049.051.056.056.052.053.048.039.044.047.049.042.056.064.071.074.069.061.067.056.076.094.094.084.096.102.094.091.085.051.079.091.092.081.099.102

.096

.097

.094

.093

.098

.088

.083

.084

.086

.084

.086

.093

.100

.100

0.022.020.020.020.021.020.022.022.020.023.022.018.020.021.024.025.026.030.032.034.035.034.031.023.028.032.030.031.037.038.037.034.030.020.029.027.030.035.038.040

.042

.037

.034

.033

.033

.034

.036

.033

.029

.030

.031

.030

.033

.037

.035

0.024.022.022.026.028.031.034.034.032.029.025.020.024.027.025.017.031.033.039.040.034.027.036.033.048.062.064.053.059.064.057.057.055.030.050.064.063.045.060.063

.055

.060

.060

.055

.060

.065

.052

.050

.055

.056

.053

.056

.060

.064

.065

0.003.004.004.004.004.005.005.006.006.007.009.012.012.012.013.017.018.016.016.018.023.029.035.041.036.038.038.040.042.045.054.054.053.040.036.041.038.042.042.047

.051

.054

.056

.055

.054

.054

.054

.055

.054

.053

.053

.052

.050

.049

.047

15.44215.65916.16816.66117.19217.84318.06218.14718.35418.85418.74318.77619.48219.77419.75419.23819.75520.35420.75320.69620.21520.27120.55320.81921.58621.89622.12522.69023.07123.49423.08823.30023.72021.09421.89522.03222.31522.83823.28623.446

23.17623.05623.06223.054

23.12223.37523.29323.437

23.52223.64623.76924.014

24.15224.30124.610

2.8512.9683.0633.1833.2843.4303.5273.7213.9234.2194.5064.8255.1335.4255.8556.4167.0537.6448.2478.9459.767

10.78011.76412.58612.99513.50914.06714.71115.17015.78116.30617.16918.01112.80513.18713.71814.33914.94015.47116.018

16.15116.19116.32616.550

16.74117.06717.32217.572

17.72417.96718.12918.278

18.35918.45218.599

1 Output is measured by gross domestic product of nonfinancial corporate business in 1987 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).

361


TABLE B-12.—Personal consumption expenditures, 1939-92


Year orquarter

Personalcon-

sumptionexpendi-

tures

Durable goods

Total ]

Motorvehi-clesand

parts

Furni-tureand

house-hold

equip-ment

Nondurable goods

Total * Food

Cloth-

andshoes

Gaso-lineandoil

Fueloilandcoal

Services

Total ] Hous-ing 2

Householdoperation

Total»

Elec-tricity

andgas

- Trans-porta-tion

Medi-cal

1959

19601961196219631964

19651966196719681969

19701971197219731974

197519761977 ...19781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1

1990:1IIIII....

IV...:

1991:1IIIll

IV....

1992:1IIIll

318.1

332.4343.5364.4384.2412.5

444.6481.6509.3559.1603.7

646.5700.3767.8848.1927.7

1,024.91,143.11,271.51,421.21,583.7

1,748.11,926.22,059.22,257.52,460.3

2,667.42,850.63,052.23,296.13,523.1

3,748.43,887.7

2,128.72,346.82,526.42,739.82,923.13,124.63,398.2

3,440.83,499.13,553.33,599.1

3,672.43,715.33,787.83,818.2

3,821.73,871.93,914.23,942.9

4,022.84,057.14,108.7

42.8

43.541.947.051.856.8

63.568.570.681.086.2

85.397.2

110.7124.1123.0

134.3160.0182.6202.3214.2

212.5228.5236.5275.0317.9

352.9389.6403.7437.1459.4

464.3446.1

246.9297.7328.2354.4406.8408.8452.9

450.8457.6470.8458.3

478.0463.5463.0452.7

439.5441.4453.0450.4

469.4470.6482.5

18.9

19.717.821.524.426.0

29.930.330.036.138.4

35.544.551.156.149.5

54.871.383.592.291.5

84.091.697.7

120.6144.6

167.4184.9183.5197.8205.4

202.4185.4

105.1134.8149.3162.9188.2186.3203.4

203.7204.9215.0198.1

213.0202.5201.5192.6

180.9180.7189.3190.9

198.9200.7201.7

18.1

18.018.319.320.723.2

25.128.230.032.934.7

35.737.842.447.951.5

54.560.267.174.082.3

86.091.392.5

104.4115.3

123.4135.5144.0156.7167.9

172.1170.4

95.6109.7118.7128.1140.6145.9162.5

164.9167.3168.8170.8

174.8172.2171.5169.9

169.2171.5172.2168.9

176.3176.3182.4

148.5

153.1157.4163.8169.4179.7

191.9208.5216.9235.0252.2

270.4283.3305.2339.6380.8

416.0451.8490.4541.5613.3

682.9744.2772.3817.8873.0

919.4952.2

1,011.11,073.81,149.5

1,224.51,251.5

787.3839.8887.8939.5963.7

1,029.41,105.8

1,121.11,146.51,157.11,173.5

1,199.31,208.71,235.31,254.5

1,245.01,254.21,255.31,251.4

1,274.11,277.51,292.8

80.7

82.684.887.189.594.6

101.0109.0112.3121.6130.5

142.1147.5158.5176.1198.1

218.5236.0255.9280.6313.0

341.8367.3386.0406.2430.2

451.1476.8500.7533.6565.1

601.4617.7

394.9413.9436.8460.7486.7507.4549.5

555.8562.0567.6575.3

589.7597.6606.4611.8

613.6619.2617.9620.0

627.9623.2627.3

26.4

27.027.629.029.832.4

34.137.439.243.246.5

47.851.756.462.566.0

70.876.684.194.3

101.2

107.3117.2120.5130.8142.5

152.2163.2174.5186.4200.4

206.9209.0

122.7136.7145.7156.2165.8177.6194.4

195.2199.4201.7205.4

206.9206.8208.4205.6

206.2210.8212.0206.8

216.5217.4224.3

11.3

12.012.012.613.013.6

14.816.017.118.620.5

21.923.224.428.136.1

39.743.046.950.166.2

86.797.994.193.394.5

96.979.784.786.996.2

108.5105.5

93.094.994.997.673.087.888.5

90.9100.497.795.9

101.099.3

109.5124.0

108.1105.5104.7103.5

102.8105.4107.7

4.0

3.83.83.84.04.1

4.44.74.84.74.6

4.44.65.16.37.8

8.410.111.111.514.4

15.415.814.513.814.2

14.112.012.012.112.0

12.611.7

14.014.113.814.311.312.211.7

11.212.011.513.2

12.012.113.313.0

12.211.411.811.3

11.613.813.0

126.8

135.9144.1153.6163.1175.9

189.2204.6221.7243.1265.3

290.8319.8351.9384.5423.9

474.5531.2

k 598.4677.4756.2

852.7953.5

1,050.41,164.71,269.4

1,395.11,508.81,637.41,785.21,914.2

2,059.72,190.1

1,094.61,209.31,310.41,446.01,552.61,686.41,839.5

1,868.81,895.11,925.41,967.3

1,995.02,043.12,089.62,111.1

2,137.22,176.32,205.92,241.1

2,279.32,309.02,333.3

45.0

48.251.254.758.061.4

65.469.574.179.786.8

94.0102.7112.1122.7134.1

147.0161.5179.5201.7226.6

255.2287.1311.1334.6362.3

392.5421.8452.5484.2514.4

547.5574.0

320.2344.6373.8404.6432.7466.6496.0

502.9510.2517.7526.6

534.7543.1553.6558.8

565.0571.5576.5583.0

590.9597.4603.3

18.7

20.321.222.423.625.0

26.528.230.232.335.1

37.841.045.349.855.5

63.772.481.991.2

100.0

113.0126.0141.4153.6165.5

176.2181.1187.8199.5209.8

215.0223.7

145.8159.3168.8180.7182.5189.7203.8

206.9206.0208.7217.7

208.0216.2218.4217.5

218.4224.8226.1225.5

223.5227.9225.8

7.6

8.38.89.49.9

10.4

10.911.512.213.014.0

15.216.618.420.023.5

28.532.537.642.146.8

56.363.472.680.784.6

88.787.188.493.498.0

97.6103.6

74.984.885.990.186.888.695.3

96.694.996.6

103.7

92.598.799.999.4

100.0104.4104.6105.2

101.8104.2104.8

10.5

11.211.712.212.713.4

14.515.917.318.920.9

23.727.129.831.233.3

35.741.349.253.659.4

65.169.471.678.989.1

99.0105.8116.6128.5135.6

142.8147.3

73.682.992.5

101.5109.0121.3132.7

134.5134.5135.9137.6

140.0141.8143.4145.9

145.1146.2148.2149.8

152.6152.5153.1

16.3

17.418.620.722.425.7

27.730.533.739.044.4

50.156.563.571.280.1

93.0106.2122.4139.7157.8

181.3213.6240.5265.7290.6

319.3346.4384.7427.7471.9

524.9580.2

250.9274.8299.9333.0358.4398.5444.4

457.0466.0475.3489.2

503.2517.2533.1546.0

558.7572.5586.3603.2

614.8629.0642.0

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.


362


TABLE B-13.—Personal consumption expenditures in 1987 dollars, 1959-92


Year orquarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989...

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

Personalcon-

sumptionexpendi-

tures

1,178.9

1,210.81,238.41,293.31,341.91,417.2

1,497.01,573.81,622.41,707.51,771.2

1,813.51,873.71,978.42,066.72,053.8

2,097.52,207.32,296.62,391.82,448.4

2,447.12,476.92,503.72,619.42,746.1

2,865.82,969.13,052.23,162.43,223.3

3,260.43,240.8

2,539.32,678.22,784.82,895.33,012.53,074.73,202.9

3,203.63,212.23,235.33,242.0

3,259.53,260.13,273.93,248.0

3,223.53,239.33,251.23,249.0

3,289.33,288.53,318.4

Durable goods

Total *

114.4

115.4109.4120.2130.3140.7

156.2166.0167.2184.5190.8

183.7201.4225.2246.6227.2

226.8256.4280.0292.9289.0

262.7264.6262.5297.7338.5

370.1402.0403.7428.7440.7

439.3414.7

272.3319.1347.7369.6415.7404.7439.2

435.2440.2450.6436.8

453.5439.2437.7426.6

412.0411.3419.4416.1

432.3430.0439.8

Motorvehi-clesand

parts

59.7

61.354.962.268.471.2

81.281.880.391.895.1

85.6100.8114.3123.4102.2

102.9124.6137.3141.5130.5

111.4113.5115.6138.1160.3

180.2193.3183.5194.8196.4

192.2171.0

123.7151.6164.3173.9193.6183.6197.7

196.2195.6205.3188.3

202.6192.8191.3182.0

169.6167.2173.3174.0

181.5180.2179.0

Furni-tureand

house-hold

equip-ment

38.2

37.738.140.443.148.3

52.157.659.562.964.3

64.466.873.681.581.9

79.184.291.496.6

101.3

98.597.794.2

104.3115.3

123.8136.3144.0155.4165.8

169.5168.6

96.4109.3118.7128.6141.4145.9160.3

163.0166.1166.3167.9

171.8169.7168.9167.5

166.9169.3170.4167.9

174.4174.418L5

Nondurable goods

Totall

518.5

526.9537.7553.0

. 563.6588.2

616.7647.6659.0686.0703.2

717.2725.6755.8777.9759.8

767.1801.3819.8844.8862.8

860.5867.9872.2900.3934.6

958.7991.0

1,011.11,035.11,051.6

1,056.51,042.4

880.7915.2942.9968.7

1,000.91,014.61,046.8

1,048.11,047.01,052.61,058.9

1,058.31,057.11,059.11,051.6

1,043.01,046.31,044.81,035.6

1,049.61,045.61,052.0

Food

301.9

305.8312.1316.3319.2331.0

346.5359.1364.5380.7389.7

397.5399.2411.9412.6404.7

413.2431.9441.5442.8448.0

448.8446.6451.4463.4472.3

483.0494.1500.7513.4515.0

520.8515.8

458.3467.1475.1488.2496.9502.4518.0

516.8514.2513.2515.6

518.3521.2521.6522.0

516.4516.3515.0515.3

518.9513.5514.3

Cloth-ingand

shoes

58.2

58.759.862.463.668.5

71.576.376.980.281.9

81.084.690.496.995.4

98.5103.2108.7119.0124.1

126.0132.8133.7142.4153.1

158.8170.3174.5178.9187.8

185.9181.3

135.7147.7154.7161.7171.9174.5182.8

183.3186.5190.4190.9

188.6185.6186.2183.2

180.8183.2183.7177.5

184.1184.4190.8

Gaso-lineandoil

38.1

39.439.841.542.845.1

47.350.251.855.559.2

62.965.968.672.168.6

70.673.475.777.476.4

72.073.273.975.777.9

79.282.984.786.187.3

86.485.2

73.476.979.079.584.685.487.5

88.185.487.188.6

87.486.486.785.0

83.986.086.084.7

85.785.886.0

Fueloilandcoal

22.6

21.720.620.621.622.5

23.524.224.223.021.8

20.219.521.523.318.4

18.120.319.619.518.1

14.011.810.911.111.2

11.512.112.012.011.4

10.19.7

10.511.411.111.412.411.912.0

11.111.611.012.0

9.810.910.98.8

9.49.8

10.09.4

10.212.010.9

Services

Total»

546.0

568.5591.3620.0648.0688.3

724.1760.2796.2837.0877.2

912.5946.7997.4

1,042.21,066.8

1,103.61,149.51,196.81,254.11,296.5

1,323.91,344.41,368.91,421.41,473.0

1,537.01,576.11,637.41,698.51,731.0

1,764.61,783.7

1,386.21,443.91,494.21,557.11,595.81,655.51,716.9

1,720.31,725.11,732.21,746.3

1,747.71,763.71,777.11,769.8

1,768.51,781.81,787.01,797.4

1,807.31,812.91,826.6

Hous-ing2

159.8

168.1176.0185.8194.4203.5

214.6224.4234.5246.0259.1

269.3280.9295.9310.8326.9

336.5346.7355.4372.9387.9

399.4407.3409.6415.5426.8

435.9442.1452.5461.8469.2

474.7478.2

411.0419.7431.3438.1444.8457.0465.6

467.0468.4469.9471.3

473.3474.1475.1476.1

476.5477.9478.8479.8

481.2483.3485.8

Householdoperation

Total»

75.0

78.581.285.288.492.6

96.8101.4106.2110.1115.3

118.9120.8126.8132.0132.5

138.1143.9151.0158.0162.9

167.1165.6166.7169.4173.7

179.1180.8187.8196.9202.6

203.7204.7

166.2173.3174.8182.6182.8189.3198.6

201.0199.5201.3208.5

197.9205.3207.6204.1

201.4206.5206.5204.6

201.6204.2205.6

Elec-tricity

andgas

34.5

36.338.340.942.845.1

47.249.752.455.058.0

60.461.864.966.566.9

70.472.976.078.879.3

81.680.381.283.784.3

86.685.688.492.794.3

92.495.2

80.286.884.588.586.888.693.0

94.191.892.698.8

87.893.894.893.2

92.196.696.395.6

92.994.594.0

Trans-porta-tion

45.4

46.747.048.750.553.0

55.458.662.065.468.9

71.073.677.879.679.9

81.484.490.292.996.1

91.388.987.491.6

100.0

109.2112.6116.6122.5123.8

124.7121.2

88.294.2

103.5111.2113.4117.9124.2

123.6123.4123.7124.3

125.2125.0124.9123.5

121.2121.5121.2121.0

120.3121.3124.1

Medi-cal

care

95.0

98.4102.0110.2117.1129.8

135.8142.3148.1159.5171.3

180.7193.7207.0222.4231.1

243.8255.5267.9279.2290.9

302.1318.3323.7332.6341.9

353.0366.2384.7399.4408.6

423.9438.8

327.8334.8344.9359.1372.0390.7403.0

406.6407.0408.8411.8

418.3422.1426.7428.6

431.9435.6440.5447.2

449.6453.7458.1

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.

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

363


TABLE B-14.—Gross and net private domestic investment, 1959-92


Year or quarter

Grossprivate

domesticinvest-ment

Less:Consump-

tion offixed

capital

Equals: Net private domestic investment

Total

Net fixed investment

Total

Nonresidentiai

TotalStruc-tures


Resi-dential

Change inbusiness

inven-tories

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV ,1988:1V

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

78.8

78.777.987.993.4

101.7

118.0130.4128.0139.9155.2

150.3175.5205.6243.1245.8

226.0286.4358.3434.0480.2

467.6558.0503.4546.7718.9

714.5717.6749.3793.6832.3

799.5721.1

464.2614.8722.8737.0697.1800.2814.8

843.9840.3819.6825.2

820.3833.0805.7739.0

705.4710.2732.8736.1

722.4773.2781.6

44.6

46.347.749.351.353.9

57.362.167.473.981.5

97.6109.9120.4140.2

165.2182.8205.2234.8272.4

311.9362.4399.1418.4433.2

454.5478.6502.2534.0580.4

602.8626.1

412.5439.7448.0465.6488.2512.1547.2

557.8568.4594.3600.8

594.7599.1605.8611.6

618.9623.5624.9637.1

631.4638.2697.7

34.2

32.430.338.642.047.8

60.768.360.666.073.7

61.578.095.7

122.7105.5

60.9103.6153.1199.3207.8

155.7195.6104.3128.2285.6

260.0239.1247.1259.6251.9

196.795.0

51.7175.1274.8271.4208.9288.1267.6

286.1271.9225.3224.4

225.6233.9199.9127.3

86.586.8

107.999.0

91.0135.083.9

30.1

29.227.332.536.442.8

51.054.550.156.964.0

59.269.985.8

105.091.3

66.586.8

128.3171.3195.1

165.2170.2120.3133.8214.6

235.4230.4220.9243.4218.6

190.4105.3

98.0154.9223.8238.8227.8228.8250.3

242.4232.1205.7194.2

217.5196.2189.5158.3

115.0108.5107.789.8

106.8126.968.9

12.3

13.812.215.316.421.3

30.336.733.235.040.5

38.436.842.559.058.9

41.545.664.994.1

117.3

113.8127.199.169.1

126.6

146.1114.4103.0125.8117.1

106.952.3

6.6

7.77.68.38.3

10.3

14.116.015.115.817.9

18.418.418.723.824.5

18.819.923.435.549.9

59.175.572.446.265.1

75.251.846.747.948.6

51.425.2

5.7

6.14.67.08.1

11.0

16.220.718.119.222.6

20.018.423.835.234.5

22.725.641.558.667.4

54.751.626.722.961.5

70.962.656.377.968.5

55.527.1

17.8

15.415.117.220.021.5

20.717.816.921.923.5

20.833.143.246.032.3

25.141.263.477.377.8

51.443.121.264.687.9

89.3116.0117.9117.6101.5

83.553.0

4.2

3.22.96.15.75.0

9.713.810.59.19.7

2.38.09.9

17.714.3

-5 .716.724.727.912.8

- 9 . 525.4

-15.9- 5 . 571.1

24.68.6

26.316.233.3

6.3-10.2

-46 .320.251.032.6

-18 .859.317.3

43.739.819.630.2

8.137.710.4

-31.0

-28 .5-21.8

.29.2

-15.88.1

15.0


364


TABLE B-15.—Gross and net private domestic investment in 1987 dollars, 1959-92


Year or quarter

Grossprivate

domesticinvest-ment

Less:Consump-

tion offixed

capital

Equals: Net private domestic investment

Total

Net fixed investment

Total

Nonresidential

TotalStruc-tures


Resi-dential

Change inbusiness

inven-tories

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976 \197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987:1V1988-.IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

296.4

290.8289.4321.2343.3371.8

413.0438.0418.6440.1461.3

429.7475.7532.2591.7543.0

437.6520.6600.4664.6669.7

594.4631.1540.5599.5757.5

745.9735.1749.3773.4784.0

739.1661.1

503.5669.5756.4763.1705.9793.8785.0

802.9794.5769.0769.5

763.0770.2743.1680.0

646.0649.5672.0676.9

668.9713.6724.9

168.8

173.7178.6183.6189.6196.4

205.0214.9225.2235.3246.7

258.0269.1285.0296.4310.3

322.8334.6348.4364.5384.5

400.7417.8429.5447.4455.5

471.5486.7502.2518.5545.5

554.9569.3

439.2468.5467.4480.1492.5508.1524.7

530.1535.7556.7559.6

549.9553.5556.6559.6

562.5565.8569.6579.1

576.4578.0628.3

127.5

117.1110.8137.6153.7175.4

208.1223.0193.4204.7214.6

171.7206.6247.2295.3232.6

114.8186.1252.1300.0285.2

193.7213.2111.0152.1302.0

274.4248.4247.1254.9238.5

184.291.8

64.3201.0289.0283.0213.3285.7260.3

272.9258.8212.4209.9

213.0216.7186.5120.5

83.483.6

102.497.8

92.5135.796.6

114.0

109.0103.6122.0137.7159.7

182.9186.3165.8181.1189.8

165.8185.8224.6257.6201.7

128.7160.6217.8262.8271.6

201.9188.7128.5147.7234.0

252.3239.9220.9235.0208.7

178.0101.1

109.2171.7241.1252.8233.4225.8239.3

231.6221.8196.4185.0

205.5183.9175.3147.2

108.5104.0101.890.2

105.0127.981.6

39.2

44.139.949.552.869.7

99.9118.1103.9105.1112.2

98.785.098.9

134.6122.3

72.074.599.0

134.4154.1

129.5131.6101.071.6

134.3

154.0118.3103.0122.6114.8

102.653.9

25.4

30.530.632.932.139.5

53.058.353.052.256.0

53.549.049.257.953.4

36.736.839.855.270.1

73.382.075.350.369.3

79.454.946.746.745.9

46.923.4

13.8

13.79.4

16.620.730.2

46.959.850.952.956.2

45.236.049.776.768.9

35.337.759.279.284.0

56.149.625.721.465.0

74.663.356.375.968.9

55.730.5

74.8

64.863.772.584.990.0

83.068.261.976.077.6

67.1100.8125.7123.079.4

56.886.1

118.8128.4117.5

72.557.127.576.099.8

98.3121.6117.9112.494.0

75.547.3

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13.925.534.337.213.6

- 8 . 324.6

-17 .54.4

67.9

22.18.5

26.319.929.8

6.2- 9 . 3

- 4 4 . 929.347.930.2

-20 .159.920.9

41.236.916.024.9

7.532.811.2

-26.8

-25.1-20.4

.67.5

-12.67.8

15.0


365


TABLE B-16.—Inventories and final sales of domestic business, 1959-92

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

Quarter

Inventoriesl

Total2 Farm

Nonfarm

Total2 Manu-facturing

Whole-sale

trade

Retailtrade

Other

Finalsales ofdomestic

busi-ness3

Ratio of inventoriesto final sales of

domestic business

Total Nonfarm

Fourth quarter:1959

19601961196219631964

19651966196719681969

19701971197219731974 ,

1975....1976197719781979

19801981198219831984....,

19851986198719881989

19901991

1989:1IIIllIV

1990:1IIIllIV

1991:1

IllIV

1992:1

141.2

145.2147.0153.4158.7164.2

178.4194.0206.0221.4242.5

249.4267.4296.6365.1435.2

440.1475.3521.6605.3702.6

784.1836.2817.0827.5898.9

904.3887.9950.6

1,025.11,081.6

1,106.81,082.1

1,048.41,061.41,067.11,081.6

1,084.61,095.81,117.21,106.8

1,093.31,089.61,085.51,082.1

1,085.11,090.91,098.5

31.6

33.033.734.834.933.3

37.436.336.538.741.9

40.145.055.378.074.3

75.572.275.292.197.9

104.9101.4103.6103.2100.9

96.690.590.995.496.3

94.690.5

97.598.395.196.3

96.598.697.294.6

97.6101.196.990.5

93.091.492.4

109.6

112.2113.4118.6123.8130.9

141.0157.8169.5182.6200.6

209.2222.4241.3287.1360.9

364,5403.1446.4513.2604.7

679.3734.7713.5724.4797.9

807.7797.3859.7929.6985.3

1,012.2991.6

950.9963.1972.0985.3

988.1997.2

1,020.01,012.2

995.7988.5988.6991.6

992.1999.4

1,006.1

55.2

56.257.260.362.265.9

70.780.987.594.0

103.4

105.8107.3113.6136.1177.0

177.8194.9210.6238.0280.6

309.8331.9318.5319.2349.0

339.9328.1349.3383.2409.7

422.2406.7

393.9401.8407.4409.7

412.3415.0427.5422.2

416.6411.9409.9406.7

404.0403.1

21.0

21.321.822.423.925.2

26.930.332.734.637.9

41.745.250.059.475.6

76.286.196.2

111.7141.2

174.2184.8174.7168.9187.2

184.9183.4196.3215.3224.8

236.0235.5

216.8220.6222.5224.8

226.5230.1236.5236.0

234.8231.4231.8235.5

236.0238.3

405.2 238.7

26.2

27.527.028.329.631.0

33.736.236.940.744.5

45.852.357.766.474.6

74.782.793.3

107.5118.9

125.0137.0139.5153.7173.5

188.6193.4 I216.1229.9250.2

252.0255.8

238.9239.4240.7250.2

246.7249.9252.3252.0

247.0248.9252.5255.8

257.4263.3267.0

9.810.412.413.314.9

16.017.619.925.233.7

35.839.446.355.964.1

70.381.180.782.588.3

94.392.498.0

101.2100.6

102.093.6

101.4101.3101.3100.6

102.6102.3103.7102.0

97.396.494.593.6

94.794.895.3

36.2

37.439.341.544.247.1

52.155.158.764.568.5

72.278.687.596.0

104.0

116.2127.6142.7164.5182.3

201.2217.2228.6249.6271.5

292.7311.1329.2358.4376.6

393.3403.9

363.0369.0373.6376.6

385.2388.1392.0393.3

393.8399.3401.8403.9

411.1414.5419.1

3.90

3.883.743.693.593.49

3.433.523.513.433.54

3.453.403.393.804.18

3.793.723.653.683.85

3.903.853.573.323.31

3.092.852.892.862.87

2.812.68

2.892.882.862.87

2.822.822.852.81

2.782.732.702.68

2.642.632.62

3.03

3.002.882.862.802.78

2.712.862.892.832.93

2.902.832.762.993.47

3.143.163.133.123.32

3.383.383.122.902.94

2.762.562.612.592.62

2.572.45

2.622.612.602.62

2.572.572.602.57

2.532.482.462.45

2.412.412.40

1 Inventories at end of quarter. Quarter-to-quarter change calculated from this table is not the current-dollar change in businessinventories (CBI) component of GDP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition,changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates.

2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of

households and institutions and general government and 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 1987 Standard Industrial

Classification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.Source: Department of Commerce, Bureau of Economic Analysis.

366


TABLE B-17.—Inventories and final sales of domestic business in 1987 dollars, 1959-92

[Billions of 1987 dollars, except as noted; seasonally adjusted]

Quarter

Inventories'

Total2 Farm

Nonfarm

Total2 Manu-facturing

Whole-saletrade

Retailtrade

Other

Finalsales ofdomestic

busi-ness3

Ratio of inventoriesto final sales of

domestic business

Total Nonfarm

Fourth quarter:

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1

388.6

396.7403.9419.5435.6451.2

476.4513.1540.7564.3589.2

595.1615.8638.4676.1707.0

693.1718.6752.9790.1803.7

795.4820.0802.5806.9874.8

896.9905.5931.8951.7981.5

987.6978.3

962.0971.3975.2981.5

983.4991.5994.3987.6

981.4976.3976.4978.3

975.2977.1980.9

79.6

80.582.183.985.483.4

84.683.584.586.986.9

86.389.290.692.992.5

92.990.893.693.095.7

92.398.3

101.493.194.8

97.295.188.781.781.6

84.084.3

83.184.583.181.6

82.083.284.384.0

83.985.085.484.3

83.884.385.6

308.9

316.2321.8335.7350.2367.8

391.7429.6456.3477.5502.3

508.8526.7547.7583.3614.5

600.2627.8659.2697.1708.0

703.1721.7701.0713.8780.0

799.8810.4843.1870.0899.9

903.6894.0

878.9886.7892.1899.9

901.4908.4910.0903.6

897.4891.3891.1894.0

891.4892.9895.3

152.4

153.9157.9166.1171.6179.6

190.2212.1227.6237.4246.7

246.1243.9249.6264.9283.7

277.2289.6297.1309.2320.1

319.9324.0311.3311.9339.4

335.7333.6340.2355.3373.9

377.6370.7

360.2367.0372.2373.9

376.7378.6379.8377.6

378.3375.4373.5370.7

368.5366.9367.9

61.2

62.463.765.969.673.4

77.686.592.094.7

100.3

106.9112.3116.3121.1130.8

127.3135.3144.4155.8157.3

161.9164.8159.9159.3174.7

178.7185.7192.7199.1202.5

207.0207.9

198.4201.6202.1202.5

203.5206.2207.8207.0

207.4204.6204.6207.9

206.5207.3206.8

67.6

71.470.273.876.980.3

86.892.592.199.3

105.9

105.8117.8125.3134.5133.6

127.6134.8144.5153.7153.5

146.7152.9151.7162.8181.4

194.1196.7213.6219.7231.0

227.3229.0

225.5224.3224.5231.0

226.5228.9228.8227.3

222.4222.8226.0229.0

229.2232.1234.5

27.8

28.530.029.932.034.5

37.238.444.646.149.4

50.052.656.562.766.4

68.068.173.378.377.1

74.680.078.179.884.5

91.394.496.695.992.5

91.786.3

94.893.993.392.5

94.694.693.691.7

89.488.587.086.3

87.186.586.1

130.5

133.2138.8143.8152.1159.7

172.8175.9182.4191.0194.0

196.3203.4218.5223.1218.5

226.5235.6246.7261.3265.7

265.4262.7264.9279.0292.7

305.0316.9325.2339.5343.2

343.3342.1

340.2342.0343.2343.2

347.2345.9345.4343.3

339.8342.0342.0342.1

346.0346.7348.8

2.98

2.982.912.922.862.83

2.762.922.972.953.04

3.033.032.923.033.24

3.063.053.053.023.02

3.003.123.032.892.99

2.942.862.872.802.86

2.882.86

2.832.842.842.86

2.832.872.882.88

2.892.852.862.86

2.822.822.81

2.37

2.372.322.332.302.30

2.272.442.502.502.59

2.592.592.512.612.81

2.652.662.672.672.66

2.652.752.652.562.66

2.622.562.592.562.62

2.632.61

2.582.592.602.62

2.602.632.632.63

2.642.612.612.61

2.582.582.57

1 Inventories at end of quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the constant-dollar change in business inventories component of GDP is stated at annual rates.

2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of

households and institutions and general government and 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 1987 Standard IndustrialClassification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.


367


TABLE B-18.—Foreign transactions in the national income and product accounts, 1939-92


Year orquarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

199019911982: IV....1983: IV....1984: IV....1985: IV....1986: IV....1987: IV....1988: IV ...

1989: IIIIII....IV....

1990: IIIIII....IV ...

1991: 1II ....Ill ...IV....

1992: III ....Ill ...

Receipts from rest of the world

Total»

25 0

30.231.433.536.141.0

43.547.250.255.661.2

70.874.283.4

115.6152.6

164.4181.6196.5233.3299.7

360.9398.2379.9372.5410.5

399.3415.2469.0572.9665.5

717.6741.7357.5388.3415.2402.9426.7506.8606.9

642.4670.4666.1683.1

698.0706.1713.7752.6

733.0737.5740.1756.0

761.0756.7767.9

Exports of goods andservices

Total

20 6

25.326.027.429.433.6

35.438.941.445.349.3

57.059.366.291.8

124.3

136.3148.9158.8186.1228.9

279.2303.0282.6276.7302.4

302.1319.2364.0444.2508.0

557.0598.2265.6286.2308.7304.7333.9392.4467.0

489.7509.5509.0523.8

541.2551.2555.9579.7

573.2594.3602.3622.9

628.1625.4639.0

Mer-chan-dise 2

16 5

20.520.921.723.326.7

27.830.732.235.338.3

44.545.651.873.9

101.0

109.6117.8123.7145.4184.2

226.0239.3215.2207.5225.8

222.4226.2257.7325.8371.6

398.1423.1198.2218.2231.4222.6235.8283.3345.4

358.5376.5370.5380.7

390.7396.4395.5409.6

410.0421.1423.5437.7

437.3435.2446.7

Serv-ices2

42

4.85.15.76.16.9

7.68.29.2

10.011.0

12.413.814.417.823.3

26.731.135.140.744.7

53.263.767.469.276.6

79.793.0

106.2118.4136.4

159.0175.167.467.977.382.198.1

109.2121.6

131.2132.9138.5143.1

150.4154.9160.4170.2

163.2173.2178.8185.3

190.8190.2192.4

Receiptsof factorincome3

435.05.46.16.67.4

8.18.38.9

10.311.9

13.014.116.423.830.3

28.232.837.747.169.7

80.694.197.395.8

108.1

97.396.0

105.1128.7157 5

160.6143.591.9

102.1106.698.192.8

114.4139.9

152.6161.0157.1159.3

156.8154.9157.8172.9

159.8143.2137.8133.1

132.9131.3128.8

Payments to rest of the world

Total

25 0

30.231.433.536.141.0

43.547.250.255.661.2

70.874.283.4

115.6152.6

164.4181.6196.5233.3299.7

360.9398.2379.9372.5410.5

399.3415.2469.0572.9665 5

717.6741.7

357.5388.3415.2402.9426.7506.8606.9

642.4670.4666.1683.1

698.0706.1713.7752.6

733.0737.5740.1756.0

761.0756.7767.9

Imports of goods andservices

Total

22 3

22.822.725.026.128.1

31.537.139.946.650.5

55.862.374.291.2

127.5

122.7151.1182.4212.3252.7

293.9317.7303.2328.1405.1

417.6451.7507.1552.2587 7

625.9620.0

295.1358.0415.7440.2467.1535.6573.1

574.9589.6588.7597.7

613.3611.2632.2646.9

602.0609.6629.5638.9

636.2662.5675.0

Mer-chan-dise2

15 3

15.215.116.917.719.4

22.226.327.833.936.8

40.946.656.971.8

104.5

99.0124.6152.6177.4212.8

248.6267.7250.6272.7336.3

343.3370.0414.8452.14851

507.8499.9

241.6300.0344.1363.0382.4437.6470.1

474.1488.4485.5492.2

500.2495.8512.2523.2

485.2489.5508.7516.2

513.1537.0559.7

Serv-ices2

70

7.67.68.18.48.7

9.310.712.212.613.7

14.915.817.319.322.9

23.726.529.834.839.9

45.349.952.655.468.8

74.381.792.3

100.1102 6

118.1120.153.458.071.677.284.798.0

103.0

100.8101.1103.1105.6

113.1115.4120.0123.7

116.7120.0120.8122.7

123.1125.5115.3

Pay-ments

offactor

in-come4

1 5

1.81.81.82.12.4

2.73.13.44.15.8

6.66.47.7

11.114.6

14.915.717.225.337.5

46.560.967.166.583.8

82.486.9

100.5120.81415

139.9126.064.471.085.582.488.9

106.9130.2

138.6147.2141.3139.1

137.9140.5139.5141.5

130.8126.5124.5122.3

113.3124.3115.3

Transfer payments (net)

Total

24

2.42.72.82.83.0

3.03.23.43.23.2

3.64.14.34.65.4

5.46.06.06.47.5

9.010.012.112.915.6

17.418.316.617.825.6

27.9-13 .3

13.817.820.419.419.621.423.8

23.722.825.730.3

25.729.728.727.4

-61 .8-16 .7

9.116.2

27.429.327.1

Frompersons(net)

04

.5

.5

.6

.7

.8

.81.01.01.1

1.21.31.31.41.2

1.21.21.21.31.4

1.61.82.11.82.3

2.72.53.02.789

9.39.7

1.92.02.52.52.83.12.7

8.28.78.79.8

8.59.0

10.29.5

9.49.89.99.7

10.210.410.0

Fromgovern-ment(net)

1 8

1.92.12.12.12.1

2.12.22.11.91.8

2.02.42.52.53.2

3.53.73.43.84.1

5.05.06.47.39.4

11.412.310.410.411.3

13.4- 2 8 . 3

8.211.013.913.512.814.615.1

10.08.6

11.515.1

12.015.513.312.8

-76 .4- 3 1 . 8

- 6 . 21.3

12.013.612.0

Frombusiness

01.1.1.1.1.2

.2

.2

.2

.3

.3

.4

.4

.5

.71.0

.71.11.41.42.0

2.43.23.63.83.9

3.23.53.24.85.4

5.25.33.74.84.03.44.03.85.9

5.55.55.45.4

5.35.25.25.2

5.25.35.35.3

5.35.35.1

Netforeigninvest-ment

- 1 23.24.33.95.07.5

6.23.93.51.71.8

4.91.3

- 2 . 98.75.1

21.48.8

- 9 . 2-10 .7

2.0

11.59.5

- 2 . 535.0

-94 .0

-118.1-141.7-155.1-118.0

- 8 9 . 3

- 7 6 . 19.0

-15 .8- 5 8 . 5

-106.3-139.1-149.0-157 .1-120.1

-94 .7- 8 9 . 1-89 .6- 8 4 . 0

-79 .0- 7 5 . 3-86 .7-63 .2

62.118.2

- 2 2 . 9- 2 1 . 5

-16 .0- 5 9 . 4-49 .6

1 Includes capital grants received by the United States (net), not shown separately. See Table B-26 for data.2 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included inservices.

3 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.4 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.


368


TABLE B-19.—Exports and imports of goods and services and receipts and payments of factor income in1987 dollars, 1959-92


Exports of goods and services

Year or quarterTotal

Merchandise >

TotalDura-

blegoods

Non-dura-ble

goods

Serv-ices1

ceiptsof

factor

Imports of goods and services

Total

Merchandise'

TotalDura-

blegoods

Non-dura-

blegoods

Serv-ices l

Pay-ments

offactor

in-come3

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984-.IV1985.1V1986.1V1987: IV1988: IV

1989:1IIIllIV

1 9 9 0 : 1I I . . . . .IllIV

1991:1IIIllIV

1992:1II

73.8

88.489.995.0

101.8115.4

118.1125.7130.0140.2147.8

161.3161.9173.7210.3234.4

232.9243.4246.9270.2293.5

320.5326.1296.7285.9305.7

309.2329.6364.0421.6471.8

510.0539.4

280.4291.5312.8312.0342.9386.1438.2

454.5472.0472.9487.7

500.2508.7508.4522.6

515.9536.1544.2561.4

565.4563.4575.9

58.0

71.271.574.880.391.4

92.198.4

100.1108.8114.4

125.2124.1136.5166.9183.4

178.5183.9183.9203.0225.7

248.2244.0217.7208.3221.3

224.8234.3257.7307.4343.8

368.5392.5

202.8215.5229.0226.4243.5278.0322.0

330.2346.9343.3354.8

363.5368.7366.7375.3

377.4390.1395.2407.3

408.1408.0420.4

31.5

39.239.441.243.650.2

52.256.163.870.075.2

80.479.387.1

108.0123.5

121.3121.8119.5132.1148.1

161.0154.2130.5124.6133.8

139.3144.8163.0202.8230.9

249.2266.4

119.0131.0138.5139.6150.0180.1214.7

220.9233.5231.3237.8

245.2251.6248.7251.3

251.1267.9269.6277.0

276.1278.4285.8

26.5

32.032.133.536.741.2

39.942.336.338.739.2

44.744.949.558.959.9

57.262.164.470.977.6

87.389.787.283.887.5

85.689.694.7

104.6112.9

119.3126.1

83.784.590.586.893.597.8

107.2

109.3113.5112.0116.9

118.3117.1118.0123.9

126.3122.1125.5130.3

131.9129.6134.6

15.8

17.218.420.321.524.0

25.927.329.931.533.3

36.137.837.243.451.0

54.459.563.067.267.8

72.382.279.077.684.4

84.495.3

106.2114.2128.0

141.4146.9

77.675.983.885.599.4

108.1116.2

124.3125.0129.6132.9

136.7140.0141.7147.3

138.5146.1149.0154.0

157.3155.4155.5

17.0

19.120.622.624.426.7

28.328.129.232.335.8

36.938.142.357.667.5

57.563.067.978.7

107.1

113.7120.7117.9111.0119.4

103.499.2

105.1123.8144.7

141.1120.8

109.7116.5116.1102.994.8

112.9132.3

142.5148.6143.6144.3

140.3136.8137.8149.3

136.2120.9115.4110.8

109.7107.6105.0

95.6

96.195.3

105.5107.7112.9

124.5143.7153.7177.7189.2

196.4207.8230.2244.4238.4

209.8249.7274.7300.1304.1

289.9304.1304.1342.1427.7

454.6484.7507.1525.7545.4

561.8561.2

299.4375.1444.2467.4498.9522.1540.9

534.3541.9550.5555.0

558.6565.6567.7555.3

533.8553.5575.8581.8

586.8607.3628.6

60.2

59.159.268.070.975.6

86.5100.2105.2128.1137.0

142.1156.1177.5194.7189.3

163.3200.4223.2245.2248.7

235.6246.1243.1276.5346.1

366.5398.0414.8431.3450.4

460.3463.5

236.3306.6357.9380.0409.1427.4444.8

440.4447.6455.0458.5

458.3464.5465.7452.7

438.9454.9477.9482.2

488.0507.8526.4

26.0

24.723.728.029.632.8

40.550.653.168.774.1

75.484.495.7

100.9101.3

82.1100.9112.9130.0132.1

133.6143.4143.0167.6219.9

237.2254.6264.2274.7287.1

291.2296.7

134.6191.1229.3243.5259.8273.8284.0

283.3286.2288.3290.4

285.1291.4295.0293.3

282.2286.6306.9311.0

316.3327.0342.1

34.2

34.435.540.041.242.8

46.049.652.159.462.8

66.771.781.793.987.9

81.299.5

110.3115.3116.7

102.0102.7100.1108.9126.2

129.3143.4150.6156.7163.3

169.1166.8

101.7115.5128.6136.5149.3153.7160.8

157.1161.4166.7168.1

173.2173.0170.7159.4

156.7168.3171.0171.3

171.8180.8184.3

35.4

37.036.137.536.837.3

37.943.548.649.652.3

54.451.752.849.749.2

46.549.351.554.855.3

54.258.061.165.681.6

88.186.792.394.395.0

101.597.7

63.168.686.387.489.894.696.1

93.994.395.596.5

100.3101.2102.0102.6

94.998.597.999.6

98.899.5

102.2

6.2

7.27.27.38.29.1

9.911.0U.813.617.8

19.218.020.527.633.2

31.631.532.243.258.6

66.679.482.178.093.5

88.290.2

100.5116.1130.1

122.6105.4

77.682.093.986.891.2

105.4123.0

129.4136.0129.2125.9

123.3124.0121.5121.7

110.9106.2103.6101.0

92.7101.093.0


2 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.

3 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.


369


TABLE B-20.—Relation of gross domestic product, gross national product, net national product, and

national income, 1959-92


Year orquarter

1959

19601961196219631964

196519661967.,19681969

19701971197219731974

19751976197719781979

19801981198219831984

1985198619871988.1989

19901991

1982:1V1983: IV1984: IV1985: IV1986: IV1987: IV1988.1V

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992.1IIIll


494.2

513 4531.8571.6603.1648.0

702.7769.8814.3889.3959.5

1,010 71,097.21,207.01349 61,458.6

1585 91,768.41974 12,232.72,488.6

2,708.03,030.63,149.63,405.03,777.2

4,038.74,268.64,539.94,900.45,250.8

5 522 25,677.5

3,195.13,547.33,869.14,140.54,336.64,683.05,044.6

5,150.05,229.55,278.95,344.8

5,445.25,522.65,559.65,561.3

5,585.85,657.65,713.15,753.3

5,840.25,902.25,978.5

Plus:Receiptsof factorincome

from restof theworld l

4.3

505.46.16.67.4

8.18.38.9

10.311.9

13 014.116.423 830.3

28 232.837 747.169.7

80.694.197.395.8

108.1

97.396.0

105.1128.7157.5

160 6143.5

91.9102.1106.698.192.8

114.4139.9

152.6161.0157.1159.3

156.8154.9157.8172.9

159.8143.2137.8133.1

132.9131.3128.8

Less:Paymentsof factorincome to

rest ofthe

world 2

1.5

181.81.82.12.4

2.73.13.44.15.8666.47.7

11114.6

14 915.717 225.337.5

46.560.967.166.583.8

82.486.9

100.5120.8141.5

139 9126.0

64.471.085.582.488.9

106.9130.2

138.6147.2141.3139.1

137.9140.5139.5141.5

130.8126.5124.5122.3

113.3124.3115.3

Equals:Gross

nationalproduct

497.0

516 6535.4575.8607.7653.0

708.1774.9819.8895.5965.6

1,017 11,104.91,215.71362 31,474.3

1 599 11,785.51994 62,254.52,520.8

2,742.13,063.83,179.83,434.43,801.5

4,053.64,277.74,544.54,908.25,266.8

5 542 951694.93,222.63,578.43,890.24,156.24,340.54,690.55,054.3

5,164.05,243.35,294.75,365.0

5,464.15,537.05,577.85,592.7

5,614.95,674.35,726.45,764.1

5,859.85,909.35,992.0

Less:Consump-

tion offixed

capital

44.6

46 347.749.351.353.9

57.362.167.473.981.5

88 897.6

109.9120 4140.2

165 2182.8205 2234.8272.4

311.9362.4399.1418.4433.2

454.5478.6502.2534.0580.4

602 86261

412.5439.7448.0465.6488.2512.1547.2

557.8568.4594.3600.8

594.7599.1605.8611.6

618.9623.5624.9637.1

631.4638.2697.7

Equals:Net

nationalproduct

452.5

470 2487.7526.5556.4599.2

650.7712.8752.4821.5884.2

928 31,007.31,105.7124191,334.1

1 433 91,602.71 789 42,019.82,248.4

2,430.22,701.42,780.83,016.03,368.3

3,599.13,799.24,042.44,374.24,686.4

4 940 15!068!8

2,810.13,138.73,442.23,690.73,852.34,178.54,507.2

4,606.24,674.94.700.44,764.2

4,869.44,937.94,972.14,981.0

4,996.05,050.95,101.55,127.0

5,228.35,271.15,294.3

Indirectbusinesstax andnontaxliability

41.9

45 548.151.754.758.8

62.765.470.479.086.6

94 3103.6111.41210129.3

140 0151.6165 5177.8188.7

212.0249.3256.4280.1309.5

329.9345.5365.0385.3414.7

444 2475.2

262.3291.7317.7335.1351.6372.3394.2

401.7411.6421.0424.4

436.0437.7447.3455.7

464.7468.2480.0487.9

493.8497.6506.4

Less:

Businesstransfer

payments

1.41.41.51.61.82.0

2.22.32.52.83.13.23.43.9455.0

526.5738.29.9

11.213.415.416.619.0

21.024.224.025.626.6

26 428.1

16.018.120.222.224.924.227.2

27.226.626.326.2

26.126.326.426.8

27.327.928.428.6

29.429.829.9

Statis-tical

discrep-ancy

- 1 . 8

- 3 1- 2 . 2- 1 . 0- 2 . 0_ y

- . 72.8

.8- . 1

-2 .6

03.11.1

- 51.4

6010.410 97.6

13.8

13.610.9

- 7 . 410.2

- 9 . 0

-13.91.2

-24 .8-28.4

1.154

21.9

-10.113.8

-20 .5- 5 . 9- 2 . 0

-24 .9-25.4

-11.41.71.2

12.8

16.11.2

13.4- 9 . 1

13.427.130.516.4

29.030.935.1

PIUS:Subsidies

IcSScurrentsurplus

ofgovern-mententer-prises

- 0 . 9

- 8.2.3

- .3.1

.31.41.21.21.5262.43.42.6.4

261.4333.62.94.84.76.2

11.79.56.49.7

14.110.95.4

42.5

9.619.29.72.68.2

22.016.5

15.25.8

-3 .94.4

9.52.7

-5 .610.3

2.51.6

- 7 . 15.13.23.6

- 3 . 4

Equals:Nationalincome

410.1

425.7440.5474.5501.5539.1

586.9643.7679.9741.0798.6

833.5899.5992.9

1,119 51,198.8

1285 31,435.51,609 11,829.82,038.9

2,198.22,432.52,522.52,720.83,058.3

3,268.43,437.93,692.34,002.64,249.5

4,468.34,544.2

2,551.52,834.33,134.43,341.93,486.03,828.84,127.6

4,203.94,240.84,248.04,305.2

4,400.74,475.34,479.34,517.9

4,493.04,529.24,555.44,599.1

4,679.44,716.54,719.6

1 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.

2 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.


370


TABLE B-21.—Relation of national income and personal income, 1959-92


Year or quarter

Less:

tionalcome

410.1

425.7440.5474.5501.5539.1

586.9643.7679.9741.0798.6

833.5899.5992.9

1,119.51,198.8

1,285.31,435.51,609.11,829.82,038.9

2,198.22,432.52,522.52,720.83,058.3

3,268.43,437.93,692.34,002.64,249.5

4,468.34,544.2

2,551.52,834.33,134.43,341.93,486.03,828.84,127.6

4,203.94,240.84,248.04,305.2

4,400.74,475.34,479.34,517.9

4,493.04,529.24,555.44,599.1

4,679.44,716.54,719.6

Corporateprofitswith

inventoryvaluation

andcapital

consump-tion

adjust-ments

52.3

50.751.659.665.172.1

82.988.686.092.689.6

77.590.3

103.2116.4104.5

121.9147.1175.7199.7202.5

177.7182.0151.5212.7264.2

280.8271.6319.8365.0362.8

361.7346.3

150.3229.1261.3284.9264.6343.3378.3

369.4369.9357.3354.5

367.6384.0351.4344.0

349.6347.3341.2347.1

384.0388.4374.1

Netinterest

10.2

11.213.114.616.118.2

21.124.328.130.433.6

40.045.449.356.571.8

80.085.1

100.7120.5149.9

191.2233.4262.4270.0307.9

326.2350.2360.4387.7452.7

460.7449.5

256.8281.8321.1331.9349.7368.6408.1

433.8454.9462.4459.8

457.6457.6456.0471.4

456.2444.4450.5446.9

430.0420.0407.3

Contribu-tions for

socialinsurance

18.8

21.922.925.428.530.1

31.640.645.550.457.9

62.268.979.097.6

110.5

118.5134.5149.8171.8197.8

216.6251.3269.6290.2325.0

353.8379.8400.7442.3473.2

502.3528.8

272.8298.3332.2362.3388.7409.6453.5

466.3471.0475.3480.4

493.9499.6506.5509.1

521.5526.5532.1535.2

546.2550.8554.4

Wageaccruals

lessdisburse-

ments

0.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.0

.6

.0- .1- .5

.1

.1

.1

.3- .2

.0

.1

.0- .4

.2

-.2.0.0.0.0

.1- .1

.0

.0

.6

.0

.0-.2

.0

.0

.0

.0

.0

.0

.0

.0

.2

.2- .4

.0

.0

.0

.0

.0

Per-sonalinter-estin-

come

22.7

25.026.929.332.436.1

40.344.949.554.660.8

69.275.781.894.1

112.4

123.0134.6155.7184.5223.2

274.0336.1376.8397.5461.9

498.1531.7548.1583.2668.2

694.5700.6

373.6418.7485.4507.5532.6562.3608.9

643.1670.7677.6681.2

683.8690.5697.3706.3

701.1696.2701.8703.3

684.8675.2663.2

Per-sonaldivi-dendin-

come

12.7

13.414.015.016.118.0

20.220.922.124.525.1

23.523.525.527.729.6

29.234.739.444.250.4

57.166.967.177.878.8

87.9104.7100.4108.4126.5

140.3137.0

69.480.679.392.7

105.6100.1113.8

120.2124.2128.7132.9

137.5139.8141.6142.5

141.3136.7135.6134.3

133.9136.6141.0

Govern-ment

transferpay-

mentsto

persons

25.7

27.531.532.634.536.0

39.143.652.360.667.5

81.897.0

108.4124.1147.4

185.7202.8217.5234.8262.8

312.6355.7396.3426.1437.8

468.1497.1521.3555.9603.8

664.6748.3

419.9428.0442.3474.8505.8528.1563.5

585.8596.4609.1624.0

648.2655.0667.1688.1

722.8739.8754.0776.5

818.6835.3849.3

Businesstransfer

paymentsto

persons

1.3

1.31.41.51.71.8

2.02.12.32.52.8

2.83.03.43.84.0

4.55.55.96.87.9

8.810.211.812.815.1

17.820.720.820.821.1

21.222.8

12.313.216.218.820.920.421.3

21.821.120.920.8

20.821.121.221.6

22.122.623.123.3

24.124.424.8

Personalincome

391.2

409.2426.5453.4476.4510.7

552.9601.7646.5709.9773.7

831.0893.5980.5

1,098.71,205.7

1,307.31,446.31,601.31,807.92,033.1

2,265.42,534.72,690.92,862.53,154.6

3,379.83,590.43,802.04,075.94,380.3

4,664.24,828.3

2,746.82,965.83,242.53,456.73,647.83,918.54,195.2

4,305.24,357.44,389.24,469.4

4,571.74,640.54,692.64,751.9

4,752.84,806.94,846.24,907.2

4,980.55,028.95,062.0

PIUS: Equals-.

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983.1V1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll


371


TABLE B-22.—National income by type of income, 1959-92


Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

199019911982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIillIV

1992 :1IIIll

Nationalincome1

410.1425.7440.5474.5501.5539.1

586.9643.7679.9741.0798.6

833.5899.5992.9

1,119.51,198.8

1,285.31,435.51,609.11,829.82,038.9

2,198.22,432.52,522.52,720.83,058.3

3,268.43,437.93,692.34,002.64,249.5

4,468.34,544.2

2,551.52,834.33,134.43,341.93,486.03,828.84,127.6

4,203.94,240.84,248.04,305.2

4,400.74,475.34,479.3

Compensationof employees

Total

4,493.04,529.24,555.44,599.1

4,679.4 |4,716.54,719.6

281.2

296.7305.6327.4345.5371.0

399.8443.0475.5524.7578.4

618.3659.4726.2812.8891.3

948.71,058.31,177.31,333.01,496.4

1,644.41,815.51,916.02,029.42,226.9

2,382.82,523.82,698.72,921.33,100.2

3,291.23,390.8

1,940.42,101.22,288.12,442.52,582.52,785.13,004.9

3,048.23,077.53,112.23,162.8

3,223.73,281.23,320.5

4,517.9 | 3,339.6

3,343.03,379.63,407.03,433.8

3,476.33,506.33,534.3

Wagesand

salaries

259.8

272.8280.5299.3314.8337.7

363.7400.3428.9471.9518.3

551.5584.5638.7708.6772.2

814.7899.6994.0

1,120.91,255.3

1,376.61,515.61,593.31,684.21,850.0

1,986.32,105.42,261.22,443.02,586.4

2,742.92,812.2

1,611.81,747.31,903.92,039.12,153.92,336.72,510.6

2,545.32,567.42,595.12,637.9

2,686.12,735.72,768.22,781.4

2,774.92,804.32,824.42,845.0

2,877.62,901.32,923.5

Supple-ments

towages

andsal-

aries2

21.423.825.128.130.733.2

36.142.746.652.860.1

66.874.987.6

104.2119.1

134.0158.7183.3212.1241.1

267.8299.8322.7345.2376.9

396.5418.4437.4478.3513.8

548.4578.7

328.6353.9384.2403.3428.6448.4494.3

502.9510.1517.1524.9

537.6545.5552.3558.2

568.1575.2582.6588.7

598.7605.0610.8

Proprietors' income with inventory valuation andcapital consumption adjustments

Total

51.7

51.954.356.457.760.5

65.069.470.975.178.9

79.986.297.4

116.5115.3

121.2132.9146.4167.7181.8

171.8180.8170.7186.7236.0

259.9283.7310.2324.3347.3

366.9368.0

179.9200.1239.6268.7284.4325.0333.4

356.6348.1334.6349.7

367.9366.3361.0372.5

356.5370.4367.1377.9

393.6398.4397.4

Farm

Total

Propri-etors'

10.7

11.211.911.911.810.6

12.914.012.712.714.4

14.615.2 ,19.132.225.5

23.7 118.317.121.524.7

11.521.213.52.4

21.3

21.522.331.330.940.2

41.735.8

10.26.3

21.917.823.642.430.9

51.342.329.038.4

48.143.632.242.8

40.138.531.5

11.612.112.712.712.511.3

13.714.813.513.615.6

15.916.620.934.328.2

27.522.521.827.031.2

19.430.223.112.130.8

30.531.039.638.848.3

49.543.4

20.015.831.226.732.150.638.8

59.350.337.446.4

56.151.440.050.5

34.3 42.041.3 48.929.5 37.137.9 45.4

47.545.839.7

Capitalcon-

sump-tion

adjust-ment

- 0 . 9

- . 7- . 7

- . 7

- . 9- 1 . 1

- 1 . 3- 1 . 4- 1 . 8- 2 . 0- 2 . 8

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

- 7 . 9- 9 . 0- 9 . 7- 9 . 7- 9 . 4

- 9 . 0- 8 . 7- 8 . 3- 8 . 0- 8 . 1

- 7 . 8- 7 . 6

- 9 . 8- 9 . 5- 9 . 3- 8 . 9- 8 . 6- 8 . 2- 7 . 9

- 7 . 9- 8 . 0- 8 . 4- 8 . 0

- 8 . 0- 7 . 8- 7 . 8- 7 . 7

- 7 . 7- 7 . 6- 7 . 6- 7 . 5

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

Nonfarm

Total

41.1

40.642.444.545.949.8

52.155.358.262.464.5

65.370.978.384.389.8

97.5114.6129.4146.2157.0

160.3159.6157.3184.3214.7

238.4261.5279.0293.4307.0

325.2332.2

169.6193.8217.7250.9260.9282.6302.5

305.3305.830.5.7311.4

319.8322.7328.8329.7

322.2329.1337.6340.0

353.6359.9365.9

Propri-etors'

income

40.2

39.841.843.945.249.2

51.955.458.363.065.0

66.072.079.386.594.2

100.2117.6132.5150.2161.8

165.8160.9157.8176.1197.1

212.4230.6252.4266.8281.1

310.0318.7

168.0182.5196.6223.2230.0254.2274.9

279.2277.8278.6288.7

300.6306.7315.4317.3

310.2316.5322.4325.6

339.1344.8350.2

Inven-tory

valua-tion

adjust-ment

0.0

.0

.0

.0

.0- . 1

- . 2- . 2_ 2- . 4- . 5

- . 5- . 6- . 7

- 2 . 0- 3 . 8

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

- 3 . 0- 1 . 4

- . 6- . 6_ 5

- . 2- . 1- . 8

- 1 . 5- 1 . 2

- . 3

.6- 1 . 6

.1- 1 . 4

.71.7

- 1 . 4

- 3 . 3- 1 . 0

.2_ 7

- 1 . 0- . 9_ g-'.5_ 3-.3- . 5- . 1

- 1 . 0- . 5

Capitalcon-

sump-tion

adjust-ment

0.9.8.6.6.7.7

.4

.2

.1- . 2

.0

- . 1— 5_*2-2- . 6

- 1 . 4- 1 . 7- 1 . 8- 2 . 0- 1 . 9

- 2 . 5.2.0

8.718.1

26.130.927.428.127.2

16.013.8

1.112.921.029.130.126.729.0

29.429.026.923.4

20.116.914.212.9

12.412.915.614.4

15.216.116.2

1 National income is the total net income earned in production. It differs from gross domestic 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-20.


372


TABLE B-22.—National income by type of income, 1939-92—Continued


Year or quarter

Rental income of personswith capital consumption

adjustment

Total

Rentalincome

ofpersons

Capitalcon-

sumptionadjust-ment

Corporate profits with inventory valuation and capital consumption adjustments

Total

Profits with inventory valuation adjustment and withoutcapital consumption adjustment

Total

Profits

Profitsbefore

tax

Profitstax

liability

Profits after tax

TotalDivi-

dends

Undis-tributedprofits

Inven-toryvalu-ation

adjust-ment

Capitalcon-

sumptionadjust-ment

Netinterest

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

199019911982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1

IllIV

1990:1..IIIllIV

1991:1IIIllIV

1992:1IIIll

14.7

15.315.816.517.117.3

18.018.519.418.218.0

17.818.216.817.315.8

13.512.19.08.98.4

13.220.821.922.123.3

18.78.73.24.3

-13.5

-12.3-10.4

24.122.224.314.04.76.82.8

-4.2-9.6

-18.6-21.6

-16.2-13.8-9.5-9.6

-12.4-12.3-10.3-6.6

-4.53.36.4

18.0

18.719.219.820.320.5

21.322.123.422.823.9

24.225.626.128.229.3

29.529.930.034.439.1

49.061.164.464.866.5

63.453.450.053.444.2

44.647.5

66.564.567.660.050.254.252.6

47.744.844.639.8

41.043.047.646.9

44.044.347.054.7

51.760.090.3

-3.4

-3.4-3.3-3.3-3.2-3.2

-3.3-3.6-3.9-4.6-5.9

-6.4-7.4-9.3

-10.9-13.5

-15.9-17.8-21.0-25.5-30.8

-35.8-40.2-42.4-42.8-43.2

-44.6-44.7-46.8-49.1-57.7

-56.9-57.9

-42.3-42.4-43.4-46.0-45.5-47.4-49.7

-51.9-54.4-63.1-61.3

-57.1-56.8-57.1-56.4

-56.4-56.6-57.3-61.3

-56.2-56.6-83.9

52.3

50.751.659.665.172.1

82.988.686.092.689.6

77.590.3103.2116.4104.5

121.9147.1175.7199.7202.5

177.7182.0151.5212.7264.2

280.8271.6319.8365.0362.8

361.7346.3

150.3229.1261.3284.9264.6343.3378.3

369.4369.9357.3354.5

367.6384.0351.4344.0

349.6347.3341.2347.1

384.0388.4374.1

53.1

51.051.356.461.267.5

77.683.080.386.983.2

71.885.597.9

110.9103.4

129.4158.8186.7212.8219.8

197.8203.2166.4202.2236.4

225.3227.6273.4320.3325.4

341.2337.8

160.0216.2223.6228.0225.0293.4340.5

331.3330.0319.8320.6

337.4359.6334.4333.5

344.2342.2331.9333.1

360.7361.4344.4

53.4

51.151.056.461.268.0

78.885.181.890.689.0

78.490.1

104.5130.9142.8

140.4173.7203.3237.9261.4

240.9228.9176.3210.7240.5

225.0217.8287.9347.5342.9

355.4334.7

168.6223.8220.1231.8235.7311.2372.2

368.9345.7323.1334.1

344.0355.8367.0354.7

337.6332.3336.7332.3

366.1376.8354.1

23.6

22.722.824.026.228.0

30.933.732.739.439.7

34.437.741.949.351.8

50.964.273.083.588.0

84.881.163.177.294.0

96.5106.5127.1137.0141.3

136.7124.0

58.782.283.897.6

116.6135.2146.2

154.8143.7132.6134.2

132.4137.6143.0133.7

121.3122.9127.0125.0

136.4144.1131.8

29.7

28.428.232.434.940.0

47.951.449.251.249.4

44.052.462.681.691.0

89.5109.5130.3154.4173.4

156.1147.8113.2133.5146.4

128.5111.3160.8210.5201.6

218.7210.7

109.9141.6136.3134.2119.2176.0226.0

214.1202.0190.5200.0

211.6218.2224.0221.0

216.3209.4209.6207.4

229.7232.7222.2

12.7

13.414.015.016.118.0

20.220.922.124.625.2

23.723.725.828.130.4

30.135.640.745.952.4

59.069.270.081.282.7

92.4109.8106.2115.3134.6

149.3146.5

72.584.283.497.4

111.0106.3121.0

127.8132.2136.9141.3

146.1148.7150.6151.9

150.6146.2145.1143.9

143.6146.6151.1

17.0

15.014.317.418.822.0

27.830.527.126.624.1

20.328.636.953.560.6

59.473.989.5

108.5121.0

97.178.643.252.363.8

36.11.6

54.695.267.1

69.464.2

37.557.452.936.98.2

69.7105.0

86.369.853.658.7

65.569.573.469.1

65.763.264.563.4

86.286.171.1

- 0 . 3

- . 2.3.0.1

- . 5

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

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

-20.0-39 .5

-11.0-14.9-16.6-25.0-41.6

-43.0-25.7

-9 .9- 8 . 5- 4 . 1

.29.7

-14 .5-27.3-17 .5

-14.23.1

- 8 . 6- 7 . 6

3.5- 3 . 8

-10.7-17.8-31.7

-37.6-15.7

- 3 . 3-13 .5

- 6 . 63.8

-32 .6-21.2

6.79.9

- 4 . 8

- 5 . 4-15.5- 9 . 7

- 0 . 8

- . 3.3

3.23.94.6

5.35.65.75.66.4

5.64.85.35.51.2

- 7 . 6-11.7-11.0-13.1-17 .3

-20.2-21.2-14.9

10.427.8

55.544.146.444.737.4

20.58.4

- 9 . 612.937.756.939.649.937.9

38.140.037.633.9

30.224.417.010.5

5.35.19.3

14.1

23.327.029.7

10.2

11.213.114.616.118.2

21.124.328.130.433.6

40.045.449.356.571.8

80.085.1

100.7120.5149.9

191.2233.4262.4270.0307.9

326.2350.2360.4387.7452.7

460.7449.5

256.8281.8321.1331.9349.7368.6408.1

433.8454.9462.4459.8

457.6457.6456.0471.4

456.2444.4450.5446.9

430.0420.0407.3

2 Consists mainly of employer contributions for social insurance and to private pension, health, and welfare funds.3 With inventory valuation adjustment.


373


TABLE B-23.—Sources of personal income, 1959-92


Year or quarter Personalincome

Wage and salary disbursements l

Total

Commodity-producingindustries

j

TotalManu-

facturing

Distrib-utive

indus-tries

Serviceindus-tries

Govern-ment

Otherlabor

incomel

Proprietors' incomewith inventoryvaluation and

capitalconsumptionadjustments

Farm Nonfarm

1959

I960....,1961 ,196219631964

19651966196719681969

19701971197219731974

1975...,1976197719781979

19801981198219831984

198519861987 :19881989

19901991

1982-.IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

391.2

409.2426.5453.4476.4510.7

552.9601.7646.5709.9773.7

831.0893.5980.5

1,098.71,205.7

1,307.31,446.31,601.31,807.92,033.1

2,265.42,534.72,690.92,862.53,154.6

3,379.83,590.43,802.04,075.94,380.3

4,664.24,828.3

2,746.82,965.83,242.53,456.73,647.83,918.54,195.2

4,305.24,357.44,389.24,469.4

4,571.74,640.54,692.64,751.9

4,752.84,806.94,846.24,907.2

4,980.55,028.95,062.0

259.8

272.8280.5299.3314.8337.7

363.7400.3428.9471.9518.3

551.5583.9638.7708.7772.6

814.6899.5993.9

1,120.71,255.4

1,376.61,515.61,593.31,684.71,849.8

1,986.52,105.42,261.22,443.02,586.4

2,742.82,812.2

1,611.71,747.31,903.32,039.12,153.92,337.02,510.6

2,545.32,567.42,595.12,637.9

2,686.12,735.72,768.22,781.3

2,774.72,804.72,824.42,845.0

2,877.62,901.32,923.5

109.9

113.4114.0122.2127.4136.0

146.6161.6169.0184.1200.4

203.7209.1228.2255.9276.5

277.1309.7346.1392.6442.1

471.9513.7513.5525.1580.8

612.2628.5651.8699.1724.2

745.6737.4

503.9547.6594.5622.6635.3668.4715.3

720.9719.8723.8732.1

740.0748.9749.4744.0

734.6734.6738.8741.5

736.8743.1742.4

86.9

89.889.996.8

100.7107.3

115.7128.2134.3146.0157.7

158.4160.5175.6196.6211.8

211.6238.0266.7300.1334.9

355.7386.9384.3397.7439.8

461.3473.8490.1524.5542.2

556.1556.9

378.0415.7450.5469.1478.5501.6537.5

542.2539.6541.3545.7

549.7558.4559.4556.9

551.2553.4559.0563.9

559.9564.7565.5

65.1

68.669.673.376.882.0

87.995.1

101.6110.8121.7

131.2140.4153.3170.3186.8

198.1219.5242.7274.9308.4

336.4368.1385.8406.2445.4

475.9501.7536.9575.3607.0

634.6647.4

391.2422.4458.4487.6512.5551.9589.9

599.8604.5607.5616.1

625.5633.7639.1640.2

638.6647.0651.1652.9

660.9662.9667.7

38.8

41.744.447.650.754.9

59.465.372.080.490.6

99.4107.9119.7133.9148.6

163.4181.6202.8233.7267.7

306.9348.1386.5427.4475.8

524.5579.5650.7719.6776.8

847.8883.9

400.9445.8494.4546.8602.1685.0746.8

756.5768.7782.1800.0

819.0841.2861.1869.9

861.8879.4890.2904.3

925.3933.9949.1

46.0

49.252.456.360.064.9

69.978.386.496.6

105.5

117.1126.5137.4148.7160.9

176.0188.6202.3219.4237.3

261.4285.7307.5325.9347.8

373.9395.7421.8449.0478.5

514.8543.6

315.6331.5356.1382.2404.0431.7458.5

468.2474.4481.6489.7

501.6511.8518.5527.1

539.7543.8544.3546.4

554.6561.4564.3

10.6

11.211.813.014.015.7

17.819.921.725.228.5

32.536.743.049.256.5

65.979.794.7

110.1124.3

139.8153.0165.4174.6184.7

191.8200.7210.4230.5251.9

271.0288.3

169.2179.0187.7193.9205.3216.5240.3

244.8249.4254.2259.1

264.9268.9273.1276.9

281.5286.1290.6295.0

299.2303.6307.9

10.7

11.211.911.911.810.6

12.914.012.712.714.4

14.615.219.132.225.5

23.718.317.121.524.7

11.521.213.52.4

21.3

21.522.331.330.940.2

41.735.8

10.26.3

21.917.823.642.430.9

51.342.329.038.4

48.143.632.242.8

34.341.329.537.9

40.138.531.5

41.1

40.642.444.545.949.8

52.155.358.262.464.5

65.370.978.384.389.8

97.5114.6129.4146.2157.0

160.3159.6157.3184.3214.7

238.4261.5279.0293.4307.0

325.2332.2

169.6193.8217.7250.9260.9282.6302.5

305.3305.8305.7311.4

319.8322.7328.8329.7

322.2329.1337.6340.0

353.6359.9365.9

1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-22 in that itexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.


374


TABLE B-23.—Sources of personal income, 1959-92—Continued


Year or quarter

Rentalincome

ofpersons

withcapital

con-sumption

adjust-ment

Personaldividendincome

Personalinterestincome

Transfer payments to persons

Total

Old-age,survivors,disability,

andhealthinsur-ance

benefits

Govern-mentunem-

ploymentinsur-ance

benefits

Veteransbenefits

Govern-ment

eesretire-ment

benefits

Aid tofamilies

withdepend-

entchildren(AFDC)

Other

Less-.Personalcontribu-tions for

socialinsurance

Nonfarmpersonalincome2

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

198519861987.19881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990 : IIIIllIV

1991:1II....III..IV..

1992:1II...III...

14.7

15.315.816.517.117.3

18.018.519.418.218.0

17.818.216.817.315.8

13.512.19.08.98.4

13.220.821.922.123.3

18.78.73.24.3

-13 .5

-12 .3-10.4

24.122.224.314.04.76.82.8

- 4 . 2- 9 . 6

-18.6-21.6

- 1 6 . 2-13 .8

- 9 . 5-9 .6

-12.4-12 .3-10 .3

- 6 . 6

- 4 . 53.36.4

12.7

13.414.015.016.118.0

20.220.922.124.525.1

23.523.525.527.729.6

29.234.739.444.250.4

57.166.967.177.878.8

87.9104.7100.4108.4126.5

140.3137.0

69.480.679.392.7

105.6100.1113.8

120.2124.2128.7132.9

137.5139.8141.6142.5

141.3136.7135.6134.3

133.9136.6141.0

22.7

25.026.929.332.436.1

40.344.949.554.660.8

69.275.781.894.1

112.4

123.0134.6155.7184.5223.2

274.0336.1376.8397.5461.9

498.1531.7548.1583.2668.2

694.5700.6

373.6418.7485.4507.5532.6562.3608.9

643.1670.7677.6681.2

683.8690.5697.3706.3

701.1696.2701.8703.3

684.8675.2663.2

27.0

28.832.834.136.237.9

41.145.754.663.270.3

84.6100.1111.8127.9151.3

190.2208.3223.3241.6270.7

321.5365.9408.1438.9452.9

485.9517.8542.2576.7625.0

685.8771.1

432.2441.3458.5493.6526.6548.5584.8

607.6617.5630.0644.8

669.0676.1688.3709.7

744.9762.4777.1799.8

842.7859.7874.1

10.2

11.112.614.315.216.0

18.120.825.530.232.9

38.544.549.660.470.1

81.492.9

104.9116.2131.8

154.2182.0204.5221.7235.7

253.4269.2282.9300.4325.1

352.0382.0

216.4226.7241.3256.7273.3285.8303.8

316.5321.6328.1334.4

348.0348.7352.8358.6

374.2378.9384.2390.6

405.7412.1417.1

2.8

3.04.33.13.02.7

2.31.92.22.12.2

4.05.85.74.46.8

17.615.812.79.79.8

16.115.925.226.315.8

15.716.314.513.414.4

18.027.5

31.819.915.615.316.713.413.0

13.513.814.615.6

16.117.118.120.7

24.328.327.630.0

39.741.740.4

4.6

4.65.04.74.84.7

4.94.95.65.96.7

7.78.89.7

10.411.8

14.514.413.813.914.4

15.016.116.416.616.4

16.716.716.616.917.3

17.818.1

16.616.516.416.516.416.516.8

17.517.317.317.3

17.917.817.817.7

17.818.518.118.1

20.218.718.5

2.8

3.13.43.74.24.7

5.26.16.97.68.7

10.211.813.816.019.0

22.726.129.032.736.9

43.049.454.658.060.9

66.670.776.082.287.5

94.0101.3

56.159.558.068.072.477.783.0

85.987.087.989.3

93.193.294.095.7

101.6100.4101.0102.0

106.4106.4106.6

0.9

1.01.11.31.41.5

1.71.92.32.83.5

4.86.26.97.27.9

9.210.110.610.711.0

12.413.013.314.214.8

15.416.416.717.318.0

19.822.0

13.614.514.815.716.716.717.5

17.617.818.118.4

19.219.519.920.5

21.321.822.222.7

23.023.423.6

5.7

6.16.57.07.68.2

9.010.312.214.516.2

19.423.026.129.535.7

44.749.152.458.466.8

89.794.1

102.1109.2

118.1128.5135.5146.5162.6

184.2220.2

97.6104.2112.5121.3131.1138.3150.6

156.6160.0164.0169.9

174.7179.7185.7196.5

205.8214.6224.0236.4

247.7257.4267.9

7.9

9.39.7

10.311.812.6

13.317.820.622.926.2

27.930.734.542.647.9

50.455.561.269.881.0

88.6104.5112.3119.7132.8

149.1162.1173.6194.5211.4

224.8238.4

113.3123.4135.6152.8165.4177.7199.5

208.2210.3212.4214.7

221.2223.0227.3227.8

234.9237.4240.1241.5

246.8249.3251.5

376.7

393.7410.4437.0460.0495.3

534.9582.4628.3691.4753.1

809.8871.5954.2

1,058.11,170.2

1,272.51,415.11,569.91,770.31,989.3

2,231.62,488.52,649.82,832.63,106.1

3,333.23,545.63,749.44,023.94,318.0

4,599.64,770.4

2,708.52,932.03,193.83,414.93,602.33,854.94,142.9

4,232.24,293.24,338.04,408.5

4,500.94,573.84,637.54,686.3

4,696.04,743.34,794.74,847.4

4,918.24,967.75,007.6

2 Personal income exclusive of the farm component of wages and salaries, other labor income, proprietors' income with inventoryvaluation and capital consumption adjustments, and net interest.

Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and isbased on the 1987 Standard Industrial Classification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.


375


TABLE B-24.—Disposition of personal income, 1959-92


Year or quarter

195919601961196219631964

19651966196719681969

19701971197219731974

197519761977 ,19781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983:1V1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1||IIIIV

1991:1IIIllIV

1992:1||III

Personalincome

391.2409.2426.5453.4476.4510.7

552.9601.7646.5709.9773.7

831.0893.5980.5

1,098.71,205.7

1,307.31,446.31,601.31,807.92,033.1

2,265.42,534.72,690.92,862.53,154.6

3,379.83,590.43,802.04,075.94,380.3

4,664.24,828.3

2,746.82,965.83,242.53,456.73,647.83,918.54,195.2

4,305.24,357.44,389.24,469.4

4,571.74,640.54,692.64,751.9

4,752.84,806.94,846.24,907.2

4,980.55,028.95,062.0

Less-.Personaltax andnontax

payments

44.548.750.354.858.056.0

61.971.077.992.1

109.9

109.0108.7132.0140.6159.1

156.4182.3210.0240.1280.2

312.4360.2371.4368.8395.1

436.8459.0512.5527.7593.3

621.3618 7

372.1371.6413.4448.8478.5528.6542.0

575.2599.1593.8605.1

609.4624.6627.3623.8

616.8617.2618.6622.3

619.6617.1628.8

Equals:Dispos-

ablepersonalincome

346.7360.5376.2398.7418.4454.7

491.0530.7568.6617.8663.8

722.0784.9848.5958.1

1,046.5

1,150.91,264.01,391.31,567.81,753.0

1,952.92,174.52,319.62,493.72,759.5

2,943.03,131.53,289.53,548.23,787.0

4,042.94,209 6

2,374.72,594.32,829.13,007.93,169.33,389.93,653.2

3,730.03,758.33,795.43,864.3

3,962.34,015.94,065.34,128.1

4,136.04,189.74,227.64,284.9

4,360.94,411.84,433.2

Less: Personal outlays

Total

324.7339.9351.3372.8393.7423.1

456.5494.4522,8573.9620.5

664.5719.4788.7872.0953.1

1,050.61,171.01,303.41,460.01,629.6

1,799.11,982.62,120.12,325.12,537.5

2,753.72,944.03,147.53,392.53,634.9

3,867.34 009 9

2,190.92,417.92,606.52,828.73,018.23,220.13,496.7

3,548.03,609.83,666.33,715.5

3,789.23,833.23,908.03,938.8

3,943.23,994.44,036.64,065.5

4,146.34,179.54,229.9

Personalcon-

sumptionexpendi-

tures

318.1332.4343.5364.4384.2412.5

444.6481.6509.3559.1603.7

646.5700.3767.8848.1927.7

1,024.91,143.11,271.51,421.21,583.7

1,748.11,926.22,059.22,257.52,460.3

2,667.42,850.63,052.23,296.13,523.1

3,748.43 887 7

2,128.72,346.82,526.42,739.82,923.13,124.63,398.2

3,440.83,499.13,553.33,599.1

3,672.43,715.33,787.83,818.2

3,821.73,871.93,914.23,942.9

4,022.84,057.14,108.7

Interestpaid bypersons

6.17.07.37.88.9

10.0

11.112.012.513.815.7

16.817.819.622.424.2

24.526.730.737.544.5

49.454.658.865.775.0

83.690.992.393.7

103.0

109.6112 5

60.269.277.686.492.392.495.8

99.0101.9104.3106.7

108.4108.9110.0111.1

112.2112.7112.5112.8

113.3112.0111.2

sonaltransfer

pay-mentsto restof theworld(net)

0.4.5.5.5.6.7

.8

.81.01.01.1

1.21.31.31.41.2

1.21.21.2

* 1.31.4

1.61.82.11.82.3

2.72.53.02.78.9

9.397

1.92.02.52.52.83.12.7

8.28.78.79.8

8.59.0

10.29.5

9.49.89.99.7

10.210.410.0

Equals.-Personalsaving

22.020.624.925.924.631.6

34.636.345.843.843.3

57.565.459.786.193.4

100.393.087.9

107.8123.3

153.8191.8199.5168.7222.0

189.3187.5142.0155.7152.1

175.6199.6

183.8176.3222.6179.2151.1169.8156.4

182.0148.5129.0148.8

173.1182.7157.3189.3

192.8195.3191.0219.4

214.6232.3203.3

Percent of dispopersonal incom

Persona

Total

93.7

94.393.493.594.193.1

93.093.291.992.993.5

92.091.793.091.091.1

91.392.693.793.193.0

92.191.291.493.292.0

93.694.095.795.696.0

95.795.3

92.393.292.194.095.295.095.7

95.196.096.696.2

95.695.596.195.4

95.395.395.594.9

95.194.795.4

outlays

Personalconsump-

tionexpend-itures

91.892.291.391.491.890.7

90.590.789.690.590.9

89.589.290.588.588.6

89.190.491.490.790.3

89.588.688.890.589.2

90.691.092.892.993.0

92.792.4

89.690.589.391.192.292.293.0

92.293.193.693.1

92.792.593.292.5

92.492.492.692.0

92.292.092.7

sable

Personalsaving

6.35.76.66.55.96.9

7.06.88.17.16.5

8.08.37.09.08.9

8.77.46.36.97.0

7.98.88.66.88.0

6.46.04.34.44.0

4.34.7

7.76.87.96.04.85.04.3

4.94.03.43.9

4.44.63.94.6

4.74.74.55.1

4.95.34.6

1 Percents based on data in millions of dollars.Source: Department of Commerce, Bureau of Economic Analysis.

376


TABLE B-25.—Total and per capita disposable personal income and personal consumption expenditures in

current and 1987 dollars, 1959-92

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

Year or quarter

Disposable personal income

Total (billions ofdollars)

Currentdollars

1987dollars

Per capita(dollars)

Currentdollars

1987dollars


Total (billions ofdollars)

Currentdollars

1987dollars

Per capita(dollars)

Currentdollars

1987dollars

Popula-tion

(thpu-

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989:1

IllIV

1990:1..

IllIV

1991: I...II..,

1992: IIIIll

346.7360.5376.2398.7418.4454.7

491.0530.7568.6617.8663.8722.0784.9848.5958.1

1,046.51,150.91,264.01,391.31,567.81,753.01,952.92,174.52,319.62,493.72,759.5

2,943.03,131.53,289.53,548.23,787.04,042.94,209.62,374.72,594.32,829.13,007.93,169.33,389.93,653.23,730.03,758.33,795.43,864.3

3,962.34,015.94,065.34,128.14,136.04,189.74,227.64,284.94,360.94,411.84,433.2

1,284.91,313.0lr356.41,414.81,461.11,562.21,653.51,734.31,811.41,886.81,947.4

2,025.32,099.92,186.22,334.12,317.0

2,355.42,440.92,512.62,638.42,710.1

2,733.62,795.82,820.42,893.63,080.1

3,162.13,261.93,289.53,404.33,464.93,516.53,509.02,832.62,960.63,118.53,178.73,266.23,335.83,443.1

3,472.93,450.13,455.73,480.93,516.83,523.93,513.73,511.63,488.73,505.23,511.53,530.83,565.73,576.03,580.5

1,9581,9942,0482,1372,2102,3692,5272,6992,8613,0773,274

3,5213,7794,0424,5214,8935,3295,7966,3167,0427,787

8,5769,4559,989

10,64211,67312,33913,01013,54514,47715,307

16.17416,65810,18911,03311,92512,56513,12113,90714,850

15,13315,21415,32215,558

15,91716,09216,24216,443

16,43316,60416,70616,885

17,14317,29717,332

7,2567,26473827,5837,7188,1408,5088,8229,1149,3999,6069,875

10,11110,41411,01310,832

10,90611,19211,40611,85112,03912,00512,15612,14612,34913,02913,25813,55213,54513,89014,00514,06813,88612,15412,59113,14513,27813,52213,68513,996

14,09013,96713,95114,015

14,12814,12014,03813,988

13,86113,89113,87613,913

14,01714,02113,998

318.1332.4343.5364.4384.2412.5444.6481.6509.3559.1603.7

646.5700.3767.8848.1927.7

1,024.91,143.11,271.51,421.21,583.7

1,748.11,926.22,059.22,257.52,460.3

2,667.42,850.63,052.23,296.13,523.13,748.43,887.7

2,128.72,346.82,526.42,739.82,923.13,124.63,398.23,440.83,499.13,553.33,599.13,672.43,715.33,787.83,818.23,821.73,871.93,914.23,942.94,022.84,057.14,108.7

1,178.91,210.81,238.41,293.31,341.91,417.2

1,497.01,573.81,622.41,707.51,771.21,813.51,873.71,978.42,066.72,053.82,097.52,207.32,296.62,391.82,448.4

2,447.12,476.92,503.72,619.42,746.12,865.82,969.13,052.23,162.43,223.33,260.43,240.82,539.32,678.22,784.82,895.33,012.53,074.73,202.93,203.63,212.23,235.33,242.03,259.53,260.13,273.93,248.03,223.53,239.33,251.23,249.0

3,289.33,288.53,318.4

1,7961,8391,8691,9532,0302,149

2,2872,4502,5622,7852,978

3,1523,3723,6584,0024,337

4,7455,2415,7726,3847,0357,6778,3758,8689,634

10,40811,18411,84312,56813,44814,24114,99615,3849,1349,98010,64911,44512,10112,81913,814

13,95914,16514,34514,491

14,75214,88715,13315,209

15,18415,34515,46815,537

15,81415,90716,063

6,6586,6986,7406,9317,0897,384

7,7038,0058,1638,5068,737

8,8429,0229,4259,7529,602

9,71110,12110,42510,74410,87610,74610,77010,78211,17911,617

12,01512,33612,56812,90313,02913,04412,82410,89511,39011,73912,09512,47212,61513,020

12,99713,00313,06113,053

13,09413,06313,08012,938

12,80812,83812,84812,803

12,93012,89312,973

177,073180,760183,742186,590189,300191,927

194,347196,599198,752200,745202,736205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106

227,715229,989232,201234,326236,393238,510240,691242,860245,093247,397

249,961252,711233,060235,146237,231239,387241,550243,745246,004246,488247,026247,701248,372248,931249,558250,303251,050251,687252,329253,053253,776254,388255,054255,786

1 Population of the United States including Armed Forces overseas,- includes Alaska and Hawaii beginning 1960. Annual data areaverages of quarterly data. Quarterly data are averages for the pe.iod.

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

377


TABLE B-26.—Gross saving and investment, 1959-92


Year orquarter

Gross saving

Total

Gross private saving

Total

Per-sonalsav-ing

Grossbusi-nesssav-ing 1

Government surplus or deficit( — ) , national income and

product accounts

Total FederalStateandlocal

Capitalgrants

receivedby theUnitedStates(ne t ) 2

Gross investment

Total

Grossprivatedomes-

ticinvest-ment

Netforeigninvest-ment3

Statis-tical

discrep-ancy

1959

19601961196219631964

19651966.196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983-.IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1II

79.4

85.184.492.8

100.4110.0

125.0131.5130.8141.7159.5

155.2173.7201.7252.3249.5

241.4284.8338.2415.7468.5

465.4556.6508.4501.6633.9

610.4574.6619.0704.0741.8

718.0708.2

458.5542.4637.0603.8550.1667.9720.1

760.6749.4728.9728.4

725.2756.4705.6684.8

754.1701.3679.4698.2

677.5682.9696.9

82.5

81.587.495.898.8

111.5

123.7132.5144.5146.4149.5

165.8192.2204.9245.4256.0

306.3323.1355.0412.8457.9

499.6585.9616.9641.3742.7

735.7721.4730.7802.3819.4

854.1901.5

615.4678.7764.7734.7676.3783.7814.8

826.7811.0811.2828.6

856.9879.5820.9859.3

889.4896.9884.9934.8

950.1968.1992.1

22.0

20.624.925.924.631.6

34.636.345.843.843.3

57.565.459.786.193.4

100.393.087.9

107.8123.3

153.8191.8199.5168.7222.0

189.3187.5142.0155.7152.1

175.6199.6

183.8176.3222.6179.2151.1169.8156.4

182.0148.5129.0148.8

173.1182.7157.3189.3

192.8195.3191.0219.4

214.6232.3203.3

60.5

60.962.569.974.180.0

89.296.198.7

102.5106.2

108.2126.8145.1159.3162.6

206.0230.0267.1305.0334.5

345.7394.1417.5472.7520.7

546.4533.9588.7646.6667.3

678.5701.9

431.6502.4542.1555.5525.3613.9658.3

644.7662.5682.1679.8

683.8696.8663.6670.0

696.6701.6693.9715.3

735.5735.8788.8

- 3 . 1

3.6-3 .0-2 .9

1.6-1 .6

1.2-1 .0

-13.7-4 .610.0

-11.5-19.2- 3 . 9

6.9- 4 . 5

-64.8-38.3-16.8

2.99.4

-35.3-30.3

-108.6-139.8-108.8

-125.3-146.8-111.7

-98.3-77.5

-136.1-193.3

-156.9-136.3-127.8-130.9-126.2-115.8

-94.7

-66.1-61.5-82.3

-100.2

-131.7-123.1-115.3-174.4

-135.3-195.6-205.6-236.6

-272.6-285.2-295.2

- 2 . 6

3.5-2 .6- 3 . 4

1.1-2 .6

1.3-1 .4

-12.7- 4 . 7

8.5

-13.3-21.7-17 .3

-6 .6-11.6

-69.4-52.9-42.4-28 .1-15.7

-60.1-58.8

-135.5-180.1-166.9

-181.4-201.0-151.8-136.6-122.3

-166.2-210.4

-183.4-184.6-186.8-187.2-177.5-152.7-134.9

-110.0-109.7-128.0-141.5

-167.8-156.9-145.6-194.6

-149.9-212.2-221.0-258.7

-289.2-302.9-304.4

- 0 . 5

.0_ 4

.5

.41.0

.0

.5- 1 . 1

.11.5

1.82.5

13.413.47.1

4.614.625.631.125.1

24.828.526.940.358.1

56.154.340.138.444.8

30.117.1

26.548.359.056.351.237.040.2

43.948.245.741.3

36.133.830.320.2

14.616.515.422.0

16.617.79.2

0.9.7.7

04 - 2 . 0

00001.1

1.21.1000

00000

00

0000000

0000

0000

0000

000

77.6

82.082.291.898.4

109.3

124.2134.3131.6141.7157.0

155.2176.8202.7251.8250.9

247.4295.2349.1423.3482.2

479.1567.5500.9511.7624.9

596.5575.9594.2675.6742.9

723.4730.1

448.4556.3616.5597.8548.1643.0694.7

749.2751.1730.1741.3

741.4757.7719.0675.7

767.5728.4709.9714.6

706.5713.8732.0

78.8

78.777.987.993.4

101.7

118.0130.4128.0139.9155.2

150.3175.5205.6243.1245.8

226.0286.4358.3434.0480.2

467.6558.0503.4546.7718.9

714.5717.6749.3793.6832.3

799.5721.1

464.2614.8722.8737.0697.1800.2814.8

843.9840.3819.6825.2

820.3833.0805.7739.0

705.4710.2732.8736.1

722.4773.2781.6

-1 .2

3.24.33.95.07.5

6.23.93.51.71.8

4.91.3

- 2 . 98.75.1

21.48.8

-9 .2-10.7

2.0

11.59.5

- 2 . 5- 3 5 . 0-94.0

-118.1-141.7-155.1-118.0-89 .3

-76.19.0

-15.8-58.5

-106.3-139.1-149.0-157.1-120.1

-94.7-89.1-89.6-84.0

-79.0-75 .3-86.7-63.2

62.118.2

-22.9-21.5

-16.0-59.4-49.6

- 1 . 8

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

- . 7

- . 72.8

.8- . 1

- 2 . 6

.03.11.1

- . 51.4

6.010.410.97.6

13.8

13.610.9

-7 .410.2

-9 .0

-13.91.2

-24.8- 2 8 . 4

1.1

5.421.9

-10.113.8

- 2 0 . 5- 5 . 9- 2 . 0

- 2 4 . 9- 2 5 . 4

-11.41.71.2

12.8

16.11.2

13.4- 9 . 1

13.427.130.516.4

29.030.935.1

1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporateconsumption of fixed capital, and private wage accruals less disbursements.

2 Consists mainly of allocations of special drawing rights (SDRs).3 Net exports of goods and services plus net receipts of factor income from rest of the world less net transfers plus net capital

grants received by the United States. See also Table B-18.4 Consists of a U.S. payment to India under the Agricultural Trade Development and Assistance Act. This payment is included in

capital grants received by the United States, net.

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

378


TABLE B-27.—Personal saving, flow of funds accounts, 1946-92 :


Year orquarter

1946194719481949

1950195119521953195419551956.........195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

19901991

1990.1IIIII....IV....

1991:1IIIII....IV....

1992.1IIIII....

Per-sonalsaving

22.312.416.813.4

23.324.738.035.027.636.939.239.136.236.7

38.538.044.549.061.168.182.584.282.481.9

91.1103.3121.2157.4122.5155.0168.3193.0204.1214.0

213.9239.0262.8312.5384.4361.1438.2339.4381.0456.5

417.5351.2

475.8545.0286.2363.2

580.4240.7287.0296.6

490.9333.6298.6

Total

19.612.68.98.9

15.019.528 524.520.928.631.829.232.835.0

32 335.339 645.456.057.962 972.469.470.7

80.5107.4134.9146.4149.3174.4209.2254.0287.1327.6

326.9322.7386.8502.9565.1581.9609.0456.8535.3593.9

522.1422.0

697.4610.7367.5412.8

664.7362.9297.0363.2

569.7334.1316.0

Check-able

depos-its andcurren-

cy

5.6.0

- 2 . 920

2.74.616

.92.11.21.9

-.43.7

.99

- 1 . 0- 1 2

4.26.16.724

10.39.5

- 1 . 1

7.413 413.413.16.36.0

15.619.722.035.8

9.236.324.834.321.633.9

102.26.67.4

19.3

22.455.1

-13.968.244.3

- 9 . 2

57.941.499.421.5

162.578.9

163.0

Increase in

Timeand

savingsdepos-

its

6.33.52.32.6

2.44.8788.29.28.69.4

11.913 911.0

12 218.326126.226.327.919135.430 98.9

43.567 774.063.556.277.6

107.1106.699.674.4

124.972.0

122.6195.1218.8119.0108.9114.7154.8108.6

21.7-62.2

101.0-16.6-18 .9

21.3

42.5-82.6

-138.2-70.7

-63 .5-170.0-151.7

Moneymarketfund

shares

"i'ji1.3

.0- .26.0

30.6

24.590.732.8

-31 .144.08.7

39.628.123.585.9

44.228.6

100.8-55 .3

96.934.3

175.8-71 .4

- 6 . 516.4

96.6-46 .1-20 .3

financia 1 assets

Seuuiuieu

Govern-ment

securi-ties2

- 1 . 5.5

1.0.5

.9- .6743.7

.26.44.53.8

- 2 78.3

21.8

10- 1 . 0

3.73.7

13 6- 2 . 5

1327.6

- 5 . 5- 1 1 0

- .916.718.116.88.6

11.629.365.1

29.939.665.988.3

108.6126.1

-33 .5154.8178.2167.4

133.0-44 .5

279.9182.0130.4

-60 .3

-10 .3150.3

-160.3-157.7

184.231.5

-108.4

Corpo-rateequi-ties3

1.21.11.0

.7

.71.8151.0

.71.12.01.518

.6

o11

- 1 4- 1 . 5

- .2- 1 . 5

0- 3 . 1

61- 2 . 1

- .5- 4 4- 9 . 1- 4 . 4- 1 . 7- 5 . 0

1.2- 6 . 4

-11 .8-24 .8

-10 .6-37 .0-15.6

- 4 . 1-49.4-52.9

5.2-32 .1

-119.7-97.2

23.672.0

-24.741.865.112.1

31.849.292.4

114.4

115.5215.6230.5

Othersecuri-ties4

- 0 . 7- .7

.2_.2

- .6.62

.3- 1 . 1

1.01.21.11.5

18_ 5

51.4

.61.0436.982

11.7

7.472

- .39.5

15.2- 4 . 7

3.018.612.05.9

- 6 . 8- 7 . 1

-19.99.32.4

61.363.84.5

- 4 . 0-5 .9

19.013.4

101.774.7

-163.563.1

6.36.8

-43 .884.5

-93.2- 5 . 6

- 166.0

Insur-anceand

pensionre-

serves 5

5.15.4535.6

6.16.3777.97.88.59.59.5

10 411.9

11512113 013.916.417.019 318.819 921.8

24.228 048.539.943.771.956.678.695.0

101.8

118.5117.9153.5180.7183.0217.9249.0130.5218.9250.1

212.4285.5

162.4269.0141.6276.7

312.0229.3359.0241.7

167.1215.9332.2

Otherfinan-cialas-

sets6

3.72.7221.6

2.92.0242.42.01.73.41.94.31.9

374.4252.13.23.2416.8573.9

4.1659.48.29.2

10.317.025.635.038.8

37.310.322.630.336.167.973.949.676.165.7

45.974.1

- 9 . 846.971.674.8

48.640.095.0

113.0

.513.936.8

Net investment in

tangible assets 7

Owner-occu-pied

iomes

3.86.8938.5

11.911.911512.613.017.116.013.612 619.5

17 416 318 220.522.121.619 018.519.919.9

17.727 836.740.230.428.144.765.878.575.2

51.350.530.071.393.693.6

119.4123.3126.5113.5

97.574.6

113.6104.391.880.2

67.571.078.881.3

82.789.151.1

Con-sumerdura-bles

6.79.4

10.210.9

14.911.4

8710.37.0

12.78.87.93.77.7

7.24.586

11.915.120.223 221.326 926.2

19.625 434.340.629.127.441.551.556.850.4

26.327.322.450.681.895.8

111.4102.9112.6109.3

85.141.6

104.887.381.566.7

40.038.948.139.6

55.852.661.5

Non-cor-

poratebusi-nessas-

sets8

2.0- 5 . 1- 1 1

58

- 1 . 8- 4 . 9

211.12.03.21.22.53.21.3

222.9434.74.48.4797.3

10.211.7

10.115.118.123.211.66.14.0

16.323.132.0

14.227.510.1

-11 .824.326.816.012.37.4

19.4

9.2-21 .6

11.615.411.9

- 2 . 0

-17.6-14 .3-19.2-35.2

-19 .9-14.7-13.9

Less: Net increase in

Mort-gagedebton

non-farm

homes

4.14.94.84.2

7.06.4647.49.0

12.210.88.695

12.9

11012.213 816.216.816.812 713.116 717.4

13.026 339.343.634.239.362.093.0

109.9116.2

96.876.158.1

125.4143.2164.2251.9234.6241.2244.7

218.9141.7

332.5187.9193.3161.8

152.6157.7122.0134.7

209.1121.1146.6

ueui

Con-sumercredit

3.13.7323.2

4.63.3334.11.37.03.62.6

37.7

402.2598.59.5

10.1595.1

10 89.9

4.614.019.022.79.48.0

22.936.745.140.5

2.616.916.448.981.782.357.532.950.141.7

17.5-12 .5

40.821.414.4

- 6 . 6

-10.4- 7 . 8

-24 .0- 8 . 0

3.1-12.4

.4

Otherdebt 8 9

2.62.7261.8

5.23.5322.04.95.44.22.96.46.2

5.66.6658.9

10.213.111817.016.419.4

19.232.044.526.754.333.746.164.886.4

114.5

105.396.1

112.0126.2155.5190.7108.188.4

109.593.2

59.936.3

78.263.358.939.4

31.967.919.825.7

-14.618.7

-30.8

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.

5 Private life insurance reserves, private insured and nomnsured 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 ofconsumer 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, U.S. Government and policy loans, and noncorporate business debt.Source: Board of Governors of the Federal Reserve System.

379


TABLE B-28.—Median money income (in 1991 dollars) and poverty status of families and persons, by race,

selected years, 1971-91

Year

Families 1

Num-ber

(mil-lions)

Medianmoneyincome

(in1991dol-

lars) 2

Below poverty level

Total

Num-ber

(mil-lions)

Per-cent

Femalehouseholder

Num-ber

(mil-lions)

Per-cent

Personsbelow

poverty level

Num-ber

(mil-lions)

Per-cent

Median money income (in 1991 dollars)of persons 15 years old and over with

income 2 3

Males

Allpersons

Year-round

full-timeworkers

Females

Allpersons

Year-round

full-timeworkers

ALL RACES

197119731975 4

197719781979 5

1980198119821983 4

1984198519861987 4

1988198919901991WHITE

197119731975 4 .197719781979 8

1980.1981.19821983 4

1984.198519861987 4

1988198919901991.BLACK

1971.19731975 4

197719781979 5

1980.198119821983 4 .1984 .1985.19861987 4 .1988.198919901991

53.355.156.257.257.859.660.361.061.462.062.763.664.565.265.866.166.367.2

47.648.949.950.550.952.252.753.353.453.954.455.055.756.156.556.656.857.2

5.25.45.65.85.96.26.36.46.56,76.86.97.17.27.47.57.57.7

$32,50234,77433,24834,50035,59436,05134,79133,84333,38533,74134,65035,10736,60737,13137,06237,57936,84135,939

33,72536,34434,57836,07637,06337,61936,24935,55035,05235,33136,29336,90138,28638,82839,04739,51438,46837,783

20,35120,97521,27620,60921,95121,30220,974 ,20,05419,37319,91220,22821,24821,87722,06822,25422,19722,32521,548

5.34.85.55.35.35.56.26.97.57.67.37.27.07.06.96.87.17.7

3.83.23.83.53.53.64.24.75.15.24.95.04.84.64.54.44.65.0

1.51.51.51.61.61.71.82.02.22.22.12.02.02.12.12.12.22.3

10.08.89.79.39.19.2

10.311.212.212.311.611.410.910.710.410.310.711.5

7.96.67.77.06.96.98.08.89.69.79.19.18.68.17.97.88.18.8

28.828.127.128.227.527.828.930.833.032.330.928.728.029.428.227.829.330.4

2.12.22.42.62.72.63.03.33.43.63.53.53.63.73.63.53.84.2

1.21.21.41.41.31.41.61.81.81.91.92.02.02.01.91.92.02.2

.91.01.01.2

•1.21.21.31.41.51.51.51.51.51.61.61.51.61.8

33.932.232.531.731.430.432.734.636.336.034.534.034.634.233.432.233.435.6

26.524.525.924.023.522.325.727.427.928.327.127.428.226.926.525.426.828.4

53.552.750.151.050.649.449.452.956.253.751.750.550.151.149.046.548.151.2

25.623.025.924.724.526.129.331.834.435.333.733.132.432.231.731.533.635.7

17.815.1 |17.8 '16.416.317.219.721.623.524.023.022.922.221.220.720.822.323.7

7.47.47.57.77.68.18.69.29.79.99.58.99.09.59.49.39.8

10.2

12.511.112.311.611.411.713.014.015.015.214.414.013.613.413.012.813.514.2

9.98.49.78.98.79.0

10.211.112.012.111.511.411.010.410.110.010.711.3

32.531.431.331.330.631.032.534.235.635.733.831.331.132.431.330.731.932.7

$21,81423,24621,45521,81622,06421,68020,73620,36719,87420,04820,45020,64621,26821,32421,76921,85021,14720,469

22,87024,39222,53822,85023,11022,64822,05721,61121,01121,09221,58621,65922,44322,66622,97922,91622,06121,395

13,63914,75413,47513,56013,84414,01913,25412,85112,59112,33512,38513,63013,44913,44613,86613,85013,40912,962

$30,43533,09231,34532,47732,41032,17131,73031,27930,85230,77631,46631,64432,17831,98931,47931,21530,19830,331

31,29134,05032,07033,14133,01133,10032,63532,01431,67431,59832,54432,52233,07732,73532,53832,59131,34730,953

21,39722,94923,86722,84825,28323.85522,96222,65122,49622,52922,21022,74823,32123,40623,85122,74122,38522,628

$7,6108,0688,2048,4938,2088,0108,1428,2518,3878,7599,0039,1359,4579,945

10,22810,57110,49410,476

7,7368,1468,2888,6228,3078,0858,1878,3438,5018,9129,1099,3129,643

10,19910,48010,77710,75110,721

6,7787,3527,5307,4467,4807,3587,5807,4127,4987,6158,0807,9458,1608,3318,4618,6508.6788,816

$18,01618,72218,70718,99519,45319,38319,18218,83119,46519,81220,21620,57220,93121,05821,35121,57021,45721,245

18,22419,03918,75119,11519,63719,55219,36819,14519,72820,07720,41720,86321,25121,44821,67121,82621,71621,555

16,09116,14517,91417,86518,20017,91618,06317,29017,63217,82218,39918,46818,59619,15719,41919,62919,32419,134

xThe 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 Current dollar median money income deflated by CPI-U-X1.3 Prior to 1979, data are for persons 14 years and over.4 Based on revised methodology; comparable with succeeding years.5 Based on 1980 census population controls; comparable with succeeding years.

Note.—Poverty rates (percent of persons below poverty level) for all races for years not shown above are: 1959, 22.4; 1960, 22.2;1961, 21.9; 1962, 21.0; 1963, 19.5; 1964, 19.0; 1965, 17.3; 1966, 14.7; 1967, 14.2; 1968, 12.8; 1969, 12.1; 1970, 12.6; 1972, 11.9;1974, 11.2; and 1976, 11.8.

The poverty level is based on the poverty index adopted by a Federal interagency committee in 1969, with minor revisionsimplemented in 1981. The poverty thresholds are updated every year to reflect changes in the consumer price index (CPI-U). Forfurther details, see "Current Population Reports," Series P-60, No. 181.

See "Current Population Reports," Series P-60, No. 180 for details regarding the median money income series.

Source: Department of Commerce, Bureau of the Census.

380


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

TABLE B-29.—Population by age groups. 1929-92

[Thousands of persons]

July 1 TotalAge (years)

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

1929

1933

1939..

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

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

19701971197219731974

19751976197719781979

19801981198219831984

1985..1986..1987..1988..1989..

199019911992

121,767

125,579

130,880

132,122133,402134,860136,739138,397

139,928141,389144,126146,631149,188

152,271154,878157,553160,184163,026

165,931168,903171,984174,882177,830

180,671183,691186,538189,242191,889

194,303196,560198,712200,706202,677

205,052207,661209,896211,909213,854

215,973218,035220,239222,585225,055

227,726229,966232,188234,307236,348

238,466240,651242,804245,021247,342

249,924252,688255,414

11,734

10,612

10,418

10,57910,85011,30112,01612,524

12,97913,24414,40614,91915,607

16,41017,33317,31217,63818,057

18,56619,00319,49419,88720,175

20,34120,52220,46920,34220,165

19,82419,20818,56317,91317,376

17,16617,24417,10116,85116,487

16,12115,61715,56415,73516,063

16,45116,89317,22817,54717,695

17,84217,96318,05218,19518,508

18,87419,222

26,800

26,897

25,179

24,81124,51624,23124,09323,949

23,90724,10324,46825,20925,852

26,72127,27928,89430,22731,480

32,68233,99435,27236,44537,368

38,49439,76541,20541,62642,297

42,93843,70244,24444,62244,840

44,81644,59144,20343,58242,989

42,50842,09941,29840,42839,552

38,83838,14437,78437,52637,461

37,45037,40437,33337,59337,972

38,59239,201

9,127

9,302

9,822

9,8959,8409,7309,6079,561

9,3619,1199,0978,9528,788

8,5428,4468,4148,4608,637

8,7448,9169,1959,543

10,215

10,68311,02511,18012,00712,736

13,51614,31114,20014,45214,800

15,28915,68816,03916,44616,769

17,01717,19417,27617,28817,242

17,16716,81216,33215,82315,295

15,00515,02415,21515,19814,913

14,45213,949

10,694

11,152

11,519

11,69011,80711,95512,06412,062

12,03612,00411,81411,79411,700

11,68011,55211,35011,06210,832

10,71410,61610,60310,75610,969

11,13411,48311,95912,71413,269

13,74614,05015,24815,78616,480

17,20218,15918,15318,52118,975

19,52719,98620,49920,94621,297

21,59021,86921,90221,84421,737

21,47820,94220,38519,84619,442

19,30519,372

35,862

37,319

39,354

39,86840,38340,86141,42042,016

42,52143,02743,65744,28844,916

45,67246,10346,49546,78647,001

47,19447,37947,44047,33747,192

47,14047,08447,01346,99446,958

46,91247,00147,19447,72148,064

48,47348,93650,48251,74953,051

54,30255,85257,56159,40061,379

63,47065,52867,69269,73371,735

73,67375,65177,33878,59579,943

81,19282,439

21,076

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

36,20336,72237,25537,78238,338

38,91639,53440,19340,84641,437

41,99942,48242,89843,23543,522

43,80144,00844,15044,28644,390

44.50444,50044,46244,47444,547

44,60244,66044,85445,47145,882

46,28446,752

6,474

7,363

8,764

9,0319,2889,5849,86710,147

10,49410,82811,18511,53811,921

12,39712,80313,20313,61714,076

14,52514,93815,38815,80616,248

16,67517,08917,45717,77818,127

18,45118,75519,07119,36519,680

20,10720,56121,02021,52522,061

22,69623,27823,89224,50225,134

25,70726,22126,78727,36127,878

28,41629,00829,62630,12430,682

31,22431,754

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

All estimates are consistent with decennial census enumerations.


381

334-230 0—92 13(QL3)Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-30.—Population and the labor force, 1929-92

[Monthly data seasonally adjusted, except as noted]

Year or month

192919331939

19401941194219431944

194519461947

194719481949

19501951195219536...195419551956195719581959

I9606...196119626...1963196419651966196719681969

1970197119726..19736..1974....1975....19761977....19786..1979....

1980....1981....1982....1983....1984....1985....1986 6 .1987....1988....1989....

1990...1991....1992....

Civiliannoninsti-tutionalpopula-t ion 1

Resi-dent

ArmedForces l

Laborforce

includ-ing

residentArmedForces

Employ-ment

includ-ing

residentArmedForces

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-

cultural

Un-em-ploy-ment

Thousands of persons 14 years of age and over

99,84099,90098,64094,64093,220

94,090103,070106,018

49,18051,59055,230

55,64055,91056,41055,54054,630

53,86057,52060,168

47,63038,76045,750

47,52050,35053,75054,47053,960

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

Thousands of persons 16 years of age and over

101,827103,068103,994

104,995104,621105,231107,056108,321109,683110,954112,265113,727115,329

117,245118,771120,153122,416124,485126,513128,058129,874132,028134,335

137,085140,216144,126147,096150,120153,153156,150159,033161,910164,863

167,745170,130172,271174,215176,383178,206180,587182,753184,613186,393

188,049189,765191,576

1,1692,1432,3862,2312,1422,0641,9651,9481,8471,788

1,8611,9002,0612,0062,0181,9462,1222,2182,2532,238

2,1181,9731,8131,7741,7211,6781,6681,6561,6311,597

1,6041,6451,6681,6761,6971,7061,7061,7371,7091,688

1,6371,5641,566

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

71,48972,35972,67573,83975,10976,40177,89279,56580,99082,972

84,88986,35588,84791,20393,67095,45397,826100,665103,882106,559

108,544110,315111,872113,226115,241117,167119,540121,602123,378125,557

126,424126,867128,548

60,08762,10462,63663,41062,25164,23465,76466,01964,88366,418

67,63967,64668,76369,76871,32373,03475,01776,59078,17380,140

80,79681,34083,96686,83888,51587,52490,42093,67397,679100,421

100,907102,042101,194102,510106,702108,856111,303114,177116,677119,030

119,550118,440119,164

59,35060,62161,286

62,20862,01762,13863,01563,64365,02366,55266,92967,63968,369

69,62870,45970,61471,83373,09174,45575,77077,34778,73780,734

82,77184,38287,03489,42991,94993,77596,15899,009102,251104,962

106,940108,670110,204111,550113,544115,461117,834119,865121,669123,869

124,787125,303126,982

57,03858,34357,651

58,91859,96160,25061,17960,10962,17063,79964,07163,03664,630

65,77865,74666,70267,76269,30571,08872,89574,37275,92077,902

78,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526100,834105,005107,150109,597112,440114,968117,342

117,914116,877117,598

7,8907,6297,658

7,1606,7266,5006,2606,2056,4506,2835,9475,5865,565

5,4585,2004,9444,6874,5234,3613,9793,8443,8173,606

3,4633,3943,4843,4703,5153,4083,3313,2833,3873,347

3,3643,3683,4013,3833,3213,1793,1633,2083,1693,199

3,1863,2333,207

49,14850,71449,993

51,75853,23553,74954,91953,90455,72257,51458,12357,45059,065

60,31860,54661,75963,07664,78266,72668,91570,52772,10374,296

75,21575,97278,66981,59483,27982,43885,42188,73492,66195,477

95,93897,03096,12597,450101,685103,971106,434109,232111,800114,142

114,728113,644114,391

2,3112,2763,637

3,2882,0551,8831,8343,5322,8522,7502,8594,6023,740

3,8524,7143,9114,0703,7863,3662,8752,9752,8172,832

4,0935,0164,8824,3655,1567,9297,4066,9916,2026,137

7,6378,27310,67810,7178,5398,3128,2377,4256,7016,528

6,8748,4269,384

Unemploy-ment rate

Allwork-ers2

Civil-ian

work-ers3

Civil-ian

laborforcepar-tici-

pationrate4

Civil-ian

em-ploy-

ment/pop-ula-tion

ratio5

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

7.07.59.59.57.47.16.96.15.45.2

5.46.67.3

Percent

3.224.917.2

14.69.94.71.91.21.93.93.9

3.93.85.95.33.33.02.95.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.56.77.4

55.756.057.258.758.6

57.255.856.8

58.358.858.9

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

63.863.964.064.064.464.865.365.665.966.5

66.466.066.3

47.650.454.557.657.9

56.153.654.5

56.056.655.4

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

59.259.057.857.959.560.160.761.562.363.0

62.761.661.4

1 Not seasonally adjusted.2 Unemployed as percent of labor force including resident Armed Forces.3 Unemployed as percent of civilian labor force.4 Civilian labor force as percent of civilian noninstitutional population.5 Civilian employment as percent of civilian noninstitutional population.See next page for continuation of table.

382


TABLE B-30.—Population and the labor force, 1929-92—Continued


Year or month

1989: JanFebMar

May".!!!!!!!!!!JuneJulyAugSeptOctNovDec

1990: JanFebMarAprMayJuneJulyAugSeptOctNovDec

1991: JanFebMarAprMayJuneJulyAug ,SeptOctNovDec

1992:JanFebMarAprMayJuneJulyAugSeptOctNovDec

Civiliannoninsti-tutionalpopula-tion1

185,644185,777185,897186,024186,181186,329186,483186,598186,726186,871187,017187,165187,293187,412187,529187,669187,828187,977188,136188,261188,401188,525188,697188,866188,977189,115189,243189,380189,522189,668189,839189,973190,122190,289190,452190,605190,759190,884191,022191,168191,307191,455191,622191,790191,947192,131192,316192,509

Resi-dent

ArmedForces1

1,6961,6841,6841,6841,6731,6661,6661,6881,7021,7091,7041,7001,6971,6781,6691,6571,6391,6301,6271,6401,6011,5701,6151,6171,6151,6021,4601,4561,4581,5051,6041^6161,6241,6141,6051,6041,5991,5851,5851,5771,5741,5701,5681,5661,5661,5521,5311,517

Laborforce

includ-residentArmedForces

Employ-ment

includingresidentArmedForces

rhousands of person

125,071124,816124,902125,230125,158125,646125,631125,840125,641125,946126,393126,236126,246126,301126,429126,406126,559126,275126,274126,461126,493126,535126,545126,835126,315126,621126,718127,069126,644126,876126,693126]598127 211127,289127,207127,340127,627127,770128,133128,320128,613128,868128,918128,970128,840128,618128,896129,108

118,387118,461118,698118,755118,788119,079119,133119,339119,045119,291119,669119,569119,640119,728119,938119,695119,976119,872119,562119,449119,372119,280119,043119,109118,509118,498118,256118,763118,137118,389118,315118438118 732118,594118,537118,356118,635118,547118,849119,095119,154119,080119,290119,346119,290119,239119,595119,828

Total

Civilian labor force

Employment

TotalAgri-cul-tural

> 16 years of age and over

123,375123,132123,218123,546123,485123,980123,965124,152123,939124,237124,689124,536124,549124,623124,760124,749124,920124,645124,647124,821124,892124,965124,930125,218124,700125,019125,258125,613125,186125,371125,089124^982125,587125,675125,602125,736126,028126,185126,548126,743127,039127,298127,350127,404127,274127,066127,365127,591

116,691116,777117,014117,071117,115117,413117,467117,651117,343117,582117,965117,869117,943118,050118,269118,038118,337118,242117,935117,809117,771117,710117,428117,492116,894116,896116,796117,307116,679116,884116 711116^522117,108116,980116,932116,752117,036116,962117,264117,518117,580117,510117,722117,780117,724117,687118,064118,311

3,2913,2313,1963,1593,1253,0753,2233,2753,2173,2123,1473,1973,1573,1193,2193,1603,2863,2623,1043,1383,1703,1933,1713,2703,1773,2233,1243,1833,2653,2833,25032583,2773,2193,2893,1693,1463,2133,1943,2063,1863,2443,2073,2183,2213,1693,2093,262

Non-agri-

cultural

113,400113,546113,818113,912113,990114,338114,244114,376114,126114,370114,818114,672114,786114,931115,050114,878115,051114,980114,831114,671114,601114,517114,257114,222113,717113,673113,672114,124113,414113,601113,461113^264113,831113,761113,643113,583113,890113,749114,070114,312114,394114,266114,515114,562114,503114,518114,855115,049

Un-em-ploy-ment

6,6846,3556,2046,4756,3706,5676,4986,5016,5966,6556,7246,6676,6066,5736,4916,7116,5836,4036,7127,0127,1217,2557,5027,7267,8068,1238,4628,3068,5078,4878,37884608,4798,6958,6708,9848,9929,2239,2849,2259,4599,7889,6289,6249,5509,3799,3019,280

Unemploy-ment rate

Allwork-ers2

Civil-ian

work-ers3

Civil-ian

laborforcepar-tici-

pationrate4

Civil-ianem-ploy-

ment/pop-ula-tion

ratio5

Percent

5.35.15.05.25.15.25.25.25.25.35.35.35.25.2515.35.25.15.35.55.65.75.96.16.26.46.76.56.76.76.667676.86.87.17.07.27.27.27.47.67.57.57.47.37.27.2

5.45.25.05.25.25.35.25.25.35.45.45.45.35.35.25.45.35.15.45.65.75.86.06.26.36.56.86.66.86.86.76.86.86.96.97.17.17.37.37.37.47.77.67.67.57.47.37.3

66.566.366.366.466.366.566.566.566.466.566.766.566.566.566 566.566.566.366.366.366.366.366.266.366.066.166.266.366.166.165.965.866166.065.966.066.166.166.266.366.466.566.566.466.366.166.266.3

62.962.962.962.962.963.063.063.162.862.963.163.063.063.063162.963.062.962.762.662.562.462.262.261.961.861.761.961.661.661.561.361.661.561.461.361.461.361.461.561.561.461.461.461.361.361.461.5

6 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 censusdata added about 600,000 to population and 350,000 to labor force, total employment, ana agricultural employment. Beginning 1960,inclusion of Alaska and Hawaii added about 500,000 to population, 300,000 to labor force, and 240,000 to nonagriculturaf employment.Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force and employment by 200,000.Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutional population and 333,000 to laborforce ana employment. A subsequent adjustment based on 1970 census in March 1973 added 60,000 to labor force and to employment.Beginning 19/8, changes in sampling and estimation procedures introduced into the household survey added about 250,000 to laborforce and to employment. Unemployment levels and rates were not significantly affected. Beginning 1986, the introduction of revisedpopulation controls added about 400,000 to the civilian population ana labor force and 350,000 to civilian employment. Unemploymentlevels and rates were not significantly affected.

Note.—Labor force data in Tables B-30 through B-39 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.

383


TABLE B-31.—Civilian employment and unemployment by sex and age, 1947-92

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

Year or month

Civilian employment

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Unemployment

TotalTotal 16-19

years

20yearsandover

Females

Total 16-19years

20yearsandover

19471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921991: Jan..

Feb..Mar.Apr..May.JuneJuly.Aug.SeptOct..Nov.Dec.

1992: Jan.Feb..Mar.May"JuneJuly.Aug.SeptOct..Nov.Dec.

57,03858,34357,65158,91859,96160,25061,17960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,150109,597112,440114,968117,342117,914116,877117,598116,894116,896116,796117,307116,679116,884116,711116,522117,108116,980116,932116,752117,036116,962117,264117,518117,580117,510117,722117,780117,724117,687118,064118,311

40,99541,72540,92541,57841,78041,68242,43041,61942,62143,37943,35742,42343,46643,90443,65644,17744,65745,47446,34046,91947,47948,11448,81848,99049,39050,89652,34953,02451,85753,13854,72856,47957,60757,18657,39756,27156,78759,09159,89160,89262,10763,27364,31564,43563,59363,80563,81663,62363,58963,76563,49863,54563,46863,41763,70363,60863,58963,39863,46663,35163,54763,77763,83063,75163,83063,90163,97663,92464,04364,194

2,2182,3442,1242,1862,1562,1072,1361,9852,0952,1642,1152,0122,1982,3612,3152,3622,4062,5872,9183,2533,1863,2553,4303,4093,4783,7654,0394,1033,8393,9474,1744,3364,3004,0853,8153,3793,3003,3223,3283,3233,3813,4923,4773,2372,8792,7863,0103,0312,9822,8902,9052,8602,8042,8052,8662,8322,7972,7292,8022,7452,7042,7442,7432,7242,7602,7972,8512,8362,8372,868

38,77639,38238,80339,39439,62639,57840,29639,63440,52641,21641,23940,41141,26741,54341,34241,81542,25142,88643,42243,66844,29444,85945,38845,58145,91247,13048,31048,92248,01849,19050,55552,14353,30853,10153,58252,89153,48755,76956,56257,56958,72659,78160,83761,19860,71461,01960,80660,59260,60760,87560,59360,68560,66460,61260,83760,77660,79260,66960,66460,60660,84361,03361,08761,02761,07061,10461,12561,08861,20661,326

16,04516,61716,72317,34018,18118,56818,74918,49019,55120,41920,71420,61321,16421,87422,09022,52523,10523,83124,74825,97626,89327,80729,08429,68829,97631,25732,71533,76933,98935,61537,28939,56941,21742,11743,00043,25644,04745,91547,25948,70650,33451,69653,02753,47953,28453,79353,07853,27353,20753,54253,18153,33953,24353,10553,40553,37253,34353,35453,57053,61153,71753,74153,75053,75953,89253,87953,74853,76354,02154,117

1,6911,6821,5881,5171,6111,6121,5841,4901,5471,6541,6631,5701,6401,7681,7931,8331,8491,9292,1182,4682,4962,5262,6872,7352,7302,9803,2313,3453,2633,3893,5143,7343,783

3,6253,4113,1703,0433,1223,1053,1493,2603,3133,2823,0242,7492,6132,8202,8672,8612,8922,7722,7622,6452,5622,6802,7072,7282,6722,6812,6862,6032,6052,6462,5262,5852,6322,6072,5812,5862,623

14,35414,93615,13715,82416,57016,95817,16417,00018,00218,76719,05219,04319,52420,10520,29620,69321,25721,90322,63023,51024,39725,28126,39726,95227,24628,27629,48430,42430,72632,22633,77535,83637,43438,49239,59040,08641,00442,79344,15445,55647,07448,38349,74550,45550,53551,18150,25850,40650,34650,65050,40950,57750,59850,54350,72550,66550,61550,68250,88950,92551,11451,13651,10451,23351,30751,24751,14151,18251,43551,494

2,3112,2763,6373,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5286,8748,4269,3847,8068,1238,4628,3068,5078,4878,3788,4608,4798,6958,6708,9848,9929,2239,2849,2259,4599,7889,6289,6249,5509,3799,3019,280

1,6921,5592,5722,2391,2211,1851,2022,3441,8541,7111,8413,0982,4202,4862,9972,4232,4722,2051,9141,5511,5081,4191,4032,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,7444,5214,5304,1013,6553,5253,7994,8175,3804,3374,6624,8964,7854,8424,8804,9154,8534,9394,8994,8955,1015,1745,3245,3605,2665,4975,6665,4855,5315,4775,4105,2925,200

270256353318191205184310274269300416398426479408501487479432448426440599693711653757966939874813811913962

1,0901,003812806779732667658629709761700667731708753730722678699693707720717769767727740880773778797687758741

1,4221,3052,2191,9221,029980

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

1,6382,0971,9481,6241,9573,4763,0982,7942,3282,3083,3533,6155,0895,2573,9323,7153,7513,3692,9872,8673,1704,1094,6193,6373,9954,1654,0774,0894,1504,1934,1754,2404,2064,1884,3814,4574,5554,5934,5394,7574,7864,7124,7534,6804,7234,5344,459

619717

1,0651,049834698632

1,188998

1,0391,0181,5041,3201,3661,7171,4881,5981,5811,4521,3241,4681,3971,4291,8552,2272,2222,0892,4413,4863,3693,3243,0613,0183,3703,6964,4994,4573,7943,7913,7073,3243,0463,0033,0753,6094,0053,4693,4613,5663,5213,6653,6073,4633,6073,5403,7963,7753,8833,8183,8993,9243,9593,9624,1224,1434,0934,0733,9694,009

144153223195145140123191176209197262256286349313383385395405391412413506568598583665802780789769743755800886825687661675616558536519581591634565571595560541587576535633563610564585580561598673616567603573612564

475564841854689559510997823832821

1,2421,0631,0801,3681,1751,2161,1951,056

9211,078

9851,0151,3491,6581,6251,5071,7772,6842,5882,5352,2922,2762,6152,8953,6133,6323,1073,1293,0322,7092,4872,4672,5553,0283,4132,8352,8962,9952,9263,1053,0662,8763,0313,0053,1633,2123,2733,2543,3143,3443,3983,3643,4493,5273,5263,4703,3963,3973,516

Note.—See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.

384


TABLE B-32.—Civilian employment by demographic characteristic, 1954-92


Year ormonth

Allcivilianworkers

White

Total Males Fe-males

Bothsexes16-19

Black and other

Total MalesFe-

males

Bothsexes16-19

Black

Total MalesFe-

males

Bothsexes16-19

195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

199019911992

1991:JanFeb....Mar....Apr....May...June...

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

1992: JanFeb....Mar....Apr....May...June...

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

60,10962,17063,79964,07163,03664,630

65,77865,74666,70267,76269,30571,08872,89574,37275,92077,902

78,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526

100,834105,005107,150109,597112,440114,968117,342

117,914116,877117,598

116,894116,896116,796117,307116,679116,884

116,711116,522117,108116,980116,932116,752

117,036116,962117,264117,518117,580117,510

117,722117,780117,724117,687118,064118,311

53,95755,83357,26957,46556,61358,006

58,85058,91359,69860,62261,92263,44665,02166,36167,75069,518

70,21770,87873,37075,70877,18476,41178,85381,70084,93687,259

87,71588,70987,90388,89392,12093,73695,66097,78999,812

101,584

102,087101,039101,479

101,108101,189100,957101,398100,985101,056

100,828100,803101,102101,163101,051100,821

101,172101,085101,340101,479101,530101,307

101,558101,524101,412101,458101,816102,043

37,84638,71939,36839,34938,59139,494

39,75539,58840,01640,42841,11541,84442,33142,83343,41144,048

44,17844,59545,94447,08547,67446,69747,77549,15050,54451,452

51,12751,31550,28750,62152,46253,04653,78554,64755,55056,352

56,43255,55755,709

55,79555,64555,52555,70655,57655,498

55,43355,43855,58555,54355,55055,352

55,47655,38555,52355,70055,72455,606

55,73855,76255,80055,81155,88056,062

16,11117,11417,90118,11618,02218,512

19,09519,32519,68220,19420,80721,60222,69023,52824,33925,470

26,03926,28327,42628,62329,51129,71431,07832,55034,39235,807

36,58737,39437,61538,27239,65940,69041,87643,14244,26245,232

45,65445,48245,770

45,31345,54445,43245,69245,40945,558

45,39545,36545,51745,62045,50145,469

45,69645,70045,81745,77945,80645,701

45,82045,76245,61245,64745,93645,981

3,0783,2253,3893,3743,2163,475

3,7003,6933,7743,8514,0764,5625,1765,1145,1955,508

5,5715,6706,1736,6236,7966,4876,7247,0687,3677,356

7,0216,5885,9845,7995,8365,7685,7925,8986,0305,946

5,5184,9894,761

5,1935,2385,1375,1155,0034,960

4,7954,8234,9354,9364,9084,811

4,8564,7914,7034,7494,7824,582

4,6914,7564,8074,7884,7864,833

6,1526,3416,5346,6046,4236,623

6,9286,8337,0037,1407,3837,6437,8778,0118,1698,384

8,4648,4888,7839,3569,6109,4359,899

10,31711,11211,565

11,58811,68811,62411,94112,88513,41413,93714,65215,15615,757

15,82715,83816,119

15,82015,78115,84815,90615,69615,804

15,89615,78315,96815,82215,82115,912

15,91015,97215,94316,03816,04916,160

16,17116,30616,25316,21216,19016,214

3,7733,9044,0134,0063,8333,971

4,1494,0684,1604,2294,3594,4964,5884,6464,7024,770

4,8134,7964,9525,2655,3525,1615,3635,5795,9366,156

6,0596,0835,9836,1666,6296,8457,1077,4597,7227,963

8,0038,0368,096

8,0508,0318,0758,0487,8958,010

8,0578,0048,0728,0698,0658,051

8,0358,0458,0358,0698,0758,090

8,1018,1478,1278,1178,1788,118

2,3792,4372,5212,5982,5902,652

2,7792,7652,8432,9113,0243,1473,2893,3653,4673,614

3,6503,6923,8324,0924,2584,2754,5364,7395,1775,409

5,5295,6065,6415,7756,2566,5696,8307,1927,4347,795

7,8257,8028,023

7,7707,7507,7737,8587,8017,794

7,8397,7797,8967,7537,7567,861

7,8757,9277,9087,9697,9748,070

8,0708,1598,1268,0958,0128,096

396418430407365362

430414420404440474545568584609

574538573647652615611619703727

689637565543607666681742774813

743639637

664657679672673656

650578608609630606

654649596609606637

645700642637632645

7,8028,1288,2037,8948,2278,5409,1029,359

9,3139,3559,1899,375

10,11910,50110,81411,30911,65811,953

11,96611,86311,933

11,88611,86211,94711,95711,77211,833

11,89311,77011,99711,79611,77511,868

11,86011,81811,81411,85711,85811,971

11,97912,09812,03311,98411,94811,960

4,3684,5274,5274,2754,4044,5654,7964,923

4,7984,7944,6374,7535,1245,2705,4285,6615,8245,928

5,9155,8805,846

5,8835,8935,9435,9015,7495,856

5,8855,8265,9365,9035,8825,889

5,8805,8205,8085,8215,8195,856

5,8465,8765,8595,8475,8675,838

3,4333,6013,6773,6183,8233,9754,3074,436

4,5154,5614,5524,6224,9955,2315,3865,6485,8346,025

6,0515,9836,087

6,0035,9696,0046,0566,0235,977

6,0085,9446,0615,8935,8935,979

5,9805,9986,0066,0366,0396,115

6,1336,2226,1746,1376,0816,122

509570554507508508571579

547505428416474532536587601625

573474474

506486505493499483

475416469451465449

522497463454450469

475510469443454482

Note.—See footnote 6 and Note, Table B-30.


385


TABLE B-33.—Unemployment by demographic characteristic, 1954-92


Year ormonth

195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

199019911992

1991:JanFebMarAprMayJune

JulyAugSeptOctNovDec

1992: JanFebMarAprMayJune


AllAll

civilianworkers

3 5322,8522,7502,8594,6023,740

3,8524,7143,9114,0703,7863,3662,8752,9752,8172,832

4,0935,0164,8824,3655,1567,9297,4066,9916,2026,137

7,6378,27310,67810,7178,5398,3128,2377,4256,7016,528

6,8748,4269,384

7,8068,1238,4628,3068,5078,487

8,3788,4608,4798,6958,6708,984

8,992- 9,223

9,2849,2259,4599,788

9,6289,6249,5509,3799,3019,280

White

Total

2 8592,2522,1592,2893,6802,946

3,0653,7433,0523,2082,9992,6912,2552,3382,2262,260

3,3394,0853,9063,4424,0976,4215,9145,4414,6984,664

5,8846,3438,2418,1286 372s',m6,1405,5014,9444,770

5,0916,4477,047

5,9586,2046,5036,2886,4886,565

6,5286,4546,4646,5726,6536,890

6,8206,9867,0656,9337,0217,364

7,2257,1837,1947,0256,9076,903

Males

1,9131,4781,3661,4772,4891,903

1,9882,3981,9151,9761,7791,5561,2411,2081,1421,137

1,8572,3092,1731,8362,1693,6273,2582,8832,4112,405

3,3453,5804,8464,8593 6003.A263,4333,1322,7662,636

2,8663,7754,121

3,4053,6453,8743,7183,7593,802

3,9053,7783,8923,8413,8703,959

4,0324,1294,1514,0664,2044,343

4,1794,1864,2044,0784,0283,918

Fe-males

946774793812

1,1911,043

1,0771,3451,1371,2321,2201,1351,0141,1301,0841,123

1,4821,7771,7331,6061,9272,7942,6562,5582,2872,260

2,5402,7623,3953,2702 7722>652,7082,3692,1772,135

2,2252,6722,926

2,5532,5592,6292,5702,7292,763

2,6232,6762,5722,7312,7832,931

2,7882,8572,9142,8672,8173,021

3,0462,9972,9902,9472,8792,985

Bothsexes16-19

423373382401541525

575669580708708705651635644660

8711,0111,021955

1,1041,4131,3641,2841,1891,193

1 29113741,5341,3871 11610741,070995910863

856977983

1,011909966976

1,027989

1,020927913981978

1,038

9381,0081,040936961

1,140

1,003970

1,009880984936

Black and other

Total

673601591570923793

788971861863787678622638590571

754930977924

1,0581,5071,4921,5501 505M731 752l]9302,4372,5882,1672il212,0971,9241,7571,757

1,7831,9792,337

1,9111,9041,9781,9891,9821,949

1,8661,9762,0172,1011,9732,099

2,2782,2402,2402,2612,3822,445

2,4132,4062,3422,3262,3432,378

Males

431376345364610517

498599509496426360310300277267

380481486440544815779784731714

922997

1,3341,4011 144l',0951,097969888889

9331,0431,259

1,0001,0151,0481,0651,0661,060

1,0121,0411,0561,0321,0051,116

1,2511,2121,2301,1901,2681,297

1,2931,3051,2741,2981,2471,255

Fe-males

242225246206313276

290372352367361318312338313304

374450491484514692713766774759

830933

1,1041,1871 022l!026999955869868

850936

1,079

911889930924916889

854935961

1,069968983

1,0271,0281,0101,0711,1141,148

1,1201,1011,0681,0281,0961,123

Bothsexes16-19

79779596138128

138159142176165171186203194193

235249288280318355355379394362

377388443441384394383353316331

292313369

317319357322288265

295322331340286307

338346321348381395

389368401375384383

Black

Total

906"846965

1,3691,3341,3931 330U191,5531,7312,1422,2721914l!8641,8401,6841,5471,544

1,5271,6791,958

1,6321,6051,6751,6991.7021,678

1,5921,6681,7051,7731,6711,752

1,8821,8971,9151,8992,0112,030

2,0162,0081,9481,9641,9461,975

Males

'448395494741698698641636

815891

1,1671,2131003951946826771773

793874

1,046

846850867904904908

862867893852835913

1,0151,0211,049990

1,0611,075

1,0581,0801,0651,0751,0251,043

Fe-males

458451470629637695690683

738840975

1,059911913894858776111

734805912

786755808795798770

730801812921836839

867876866909950955

958928883889921932

Bothsexes16-19

279262297330330354360333

343357396392353357347312288300

258270313

283263312284252241

250270286288251263

288305276297333326

323305342324320316

Note.—See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.

386


TABLE B-34.—Civilian labor force participation rate and employment/population ratio, 1948-92

[Percent;1 monthly data seasonally adjusted]

Year or month

Labor force participation rate

civilianwork-

MalesFe-

males

Bothsexes16-19years

WhiteBlackand

otherBlack

Employment/population ratio

Allcivilianwork-

ers

MalesFe-

males

Bothsexes16-19years

WhiteBlackand

otherBlack

1948

1949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

199019911992

1991: JanFebMarAprMayJun

JulAugSepOctNovDec

1992: JanFebMarApr

MayJun

JulAugSepOctNovDec

58.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.466.066.3 j

66.066.166.266.366.166.1

65.965.866.166.065.966.0

66.166.166.266.366.466.5

66.566.466.366.166.266.3

I

86.686.486.486.386.386.085.585.485.584.884.283.783.382.982.081.481.080.780.480.480.179.879.779.178.978.878.777.977.577.777.977.877.477.076.676.476.476.376.376.276.276.476.175.575.6

75.675.775.975.975.675.6

75.575.375.775.475.375.3

75.475.375.575.675.975.9

75.775.875.775.575.475.4

32.733.133.934.634.734.434.635.736.936.937.137.137.738.137.938.338.739.340.341.141.642.743.343.443.944.745.746.347.348.450.050.951.552.152.652.953.654.555.356.056.657.457.557.357.8

57.257.457.457.657.457.4

57.157.157.357.557.457.5

57.657.757.857.857.857.9

58.057.957.757.657.857.9

52.552.251.852.251.350.248.348.950.949.647.446.747.546.946.145.244.545.748.248.448.349.449.949.751.953.754.854.054.556.057.857.956.755.454.153.553.954.554.754.755.355.953.751.751.3

52.852.752.952.752.051.5

50.749.751.051.851.351.0

51.451.750.550.451.251.8

51.351.552.150.651.451.6

58.258.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.460.861.461.561.862.563.363.964.164.364.364.364.665.065.565.866.266.766.866.6

66.566.766.766.866.666.7

66.566.466.566.666.566.5

66.666.666.866.866.866.8

66.966.866.766.566.666.7

56.6

55.4

56.1

64.064.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.260.560.359.659.860.462.262.261.761.361.662.162.663.363.764.364.064.763.763.1

66.7| 63.8

I63.463.163.563.662.862.9

62.862.763.463.062.463.1

63.663.563.363.663.964.4

64.264.564.063.763.563.6

59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.863.864.263.362.6

63.062.763.363.462.562.6

62.362.163.262.561.862.6

63.062.862.862.963.363.8

63.764.163.563.262.963.0

57.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.761.6

83.5

81.3

82.0

63.3 II 61.4

il61.961.861.761.961.661.6

61.561.361.661.561.461.3

61.461.361.461.561.561.4

61.461.461.361.361.461.5

84.083.983.681.081.882.381.378.579.378.977.677.777.177.377.577.978.077.877.676.274.975.075.574.971.772.072.873.873.872.071.369.068.870.770.971.071.572.072.571.970.2

31.3

31.2

32.033.133.433.332.534.035.135.134.535.035.535.435.635.836.337.138.339.039.640.740.840.441.042.042.642.043.244.546.447.547.748.047.748.049.550.451.452.553.454.354.353.7

47.7

45.2

45.5

69.7 | 53.8

I70.870.570.470.670.270.2

70.170.070.270.069.969.7

69.769.569.669.869.869.7

69.769.769.769.669.669.7

53.753.953.854.153.753.8

53.653.553.753.753.653.6

53.853.853.853.853.853.8

53.953.853.653.653.853.9

47.946.946.442.343.545.343.939.939.940.539.139.437.437.338.942.142.242.243.442.341.343.545.946.043.344.246.148.348.546.644.641.541.543.744.444.645.546.847.545.442.141.0

43.043.643.343.042.342.0

40.940.341.741.841.740.9

41.641.440.340.641.040.0

40.841.341.441.041.141.7

55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.662.662.4

62.862.862.662.962.662.6

62.462.462.562.562.462.2

62.462.362.462.562.562.3

62.462.462.362.262.462.5

58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.155.054.351.452.052.554.755.253.652.650.951.053.654.755.456.857.458.257.356.1

55.7 | 54.3I

56.656.356.556.655.756.0

56.255.756.355.655.555.7

55.655.755.555.755.756.0

55.956.255.955.755.555.4

53.754.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.254.9

55.455.255.555.554.654.8

55.U54.455.354.354.254.5

54.454.154.154.254.154.6

54.555.054.654.354.154.0

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

Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-30.


387


TABLE B-35.—Civilian labor force participation rate by demographic characteristic, 1934-92


Year or month

1954195519561957195819591960196119621963196419651966196719681969197019711972

1972197319741975197619771978197919801981198219831984198519861987198819891990199119921991: Jan

FebMarAprMayJuneJulyAugSeptOctNovDec


Allcivil-ian

work-ers

58 859.360.059.659.559.359.459.358.858.758.758.959.259 659.660.160.460.260.4

60.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.466.066.366.066.166.266.366.166.165.965.866.166.065.966.066.166.166.266.366.466.566.566.466.366.166.266.3

White

Total

58 258.759.459.158.958.758.858.858.358.258.258.458.759 259.359.960.260.160.4

60.460.861.461.561.862.563.363.964.164.364.364.364.665.065.565.866.266.766.866.666.766.566.766.766.866.666.766.566.466.566.666.566.566.666.666.866.866.866.866.966.866.766.566.666.7

Males

Total

85 685.485.684.884.383.883.483.082.181.581.180.880.680 680.480.280.079.679.6

79.679.479.478.778.478.578.678.678.277.977.477.177.177.076.976.876.977.176.976.476.476.576.576.676.676.576.476.476.276.476.376.276.076.276.276.476.476.676.676.576.476.576.276.276.2

16-19years

57 658.660.459.256.555.955.954.553.853.152.754.155.956 355.956.857.557.960.1

60.162.062.961.962.364.065.064.863.762.460.059.459.059.759.359.060.061.059.457.256.758.758.658.756.858.157.056.755.756.756.856.756.156.756.556.256.256.257.156.556.958.456.057.257.1

20yearsandover

87 887.587.686.986.686.386.085.784.984.484.283.983.683 583.283.082.882.382.0

82.081.681.480.780.380.280.180.179.879.579.278.978.778.578.578.478.378.578.377.877.877.877.978.078.177.877.877.877.777.977.777.777.577.777.777.877.978.178.077.977.977.877.777.677.6

Females

Total

33 334.535.735.735.836.036.536.936.737.237.538.139.240 140.741.842.642.643.2

43.244.145.245.946.948.049.450.551.251.952.452.753.354.155.055.756.457.257.557.457.857.357.557.457.757.557.757.357.357.357.657.557.657.757.757.957.857.757.858.057857.657.557.857.9

16-19years

40 640.743.142.240.139.640.340.639.838.737.839.242.642 543.044.645.645.448.1

48.150.151.751.552.854.556.757.456.255.455.054.555.455.256.356.557.257.155.454.352.655.455.054.456.654.354.352.452.253.354.754.354.453.053.552.852.053.252.152.352.352.451.952.552.6

20yearsandover

32 734.035.135.235.535.636.236.636.537.037.538.038.839 840.441.542.242.342.7

42.743.544.445.346.247.348.749.850.651.552.252.553.154.054.955.656.357.257.657.758.157.457.757.657.757.757.957.657.657.657.857.757.858.058.058.258.258.058.258.358.257.957.958.158.3

Black and other or black

Total

64 064.264.964.464.864.364.564.163.263.063.162.963.062 862.262.1

61.860.960.2

Males

Total

85 285.185.184.284.183.4

83.082.280.880.280.179.679.078 577.776.976.574.973.9

16-19years

20yearsandover

Females

Total

Black and other

61260.861.558.857.355.557.655.853.551.549.951.351.451 149.749.647.444.746.0

87 187.887.887.087.186.7

86.285.584.283.984.183.783.382 982.281.481.480.078.6

46 146.147.347.148.047.7

48.248.348.048.148.648.649.449 549.349.849.549.248.8

16-19years

31032.736.333.231.928.2

32.932.833.132.631.729.533.535 234.834.634.131.232.3

20yearsandover

47 747.548.448.649.849.849.950.149.649.950.751.151.651 651.452.051.851.851.2

Black

59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.863.864.263.362.663.363.062.763.363.462.562.662.362.163.262.561.862.663.062.862.862.963.363.863.764.163.563.262.963.0

73.673.472.970.970.070.671.571.370.370.070.170.670.870.871.271.171.071.070.169.569.769.869.870.470.368.669.769.468.770.069.268.769.4

70.369.669.769.169.870.269.870.269.869.669.269.0

46.345.746.742.641.343.244.943.643.241.639.839.941.744.643.743.643.844.640.637.440.736.835.239.439.236.938.035.636.741.137.236.337.243.842.239.537.638.240.841.241.041.641.039.741.6

78.578.477.676.075.475.676.-276.375.174.574.775.274.874.474.874.774.674.473.873.473.173.874 074.274.072.673.573.472.673.573.072.573.273.472.873.272.873.473.673.173.673.173.072.672.1

48.749.349.048.849.850.853.153.153.153.553.754.255.256.556.958.058.058.757.857.058.057.456.857.557.857.456.756.656.657.657.056.356.957.157.357.257.758.058.658.759.158.358.057.75 8 ,

32.234.233.434.232.932.937.336.834.934.033.533.035.037.939.139.637.940.436.733.535.237.635.738.234.933.730.833.528.931.333.732.431.334.235.131.734.837.436.136.037.736.633.034.735.1

51.251.651.451.152.553.655.555.4

55.656.056.256.857.658.658.960.060.160.660.059.360.159.458.959.460.059.859.358.859.360.159.358.559.4

59.359.459.659.960.060.860.961.260.360.359.960.2

1 Civilian labor force a:Note.-Data relate to ,See footnote 6 and No'Source: Department of

is percent of civilian noninstitutiorral population in group specified,persons 16 years of age and overite, Table B-30.

Labor, Bureau of Labor Statistics.

388


TABLE B-36.—Civilian employment/population ratio by demographic characteristic, 1954-92


Year or month

1954 . .19551956 .195719581959196019611962196319641965196619671968196919701971 .1972

197219731974197519761977 .19781979... .19801981 ....198219831984198519861987198819891990199119921991: Jan



Allcivil-ian

work-ers

55 556.757 557.155.456.056155.455 555.455 756.256.957.357 558.057.456 657.0

57.057 857.856156.857 959.359.959.259.057 857.959 560.160 761.562 363.062.761.661.461.961 861.761.961.661.661.561.361.661561.461.361.461.36H61.561.561.461.461.461.361 361.461.5

White

Total

55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.4

57.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.662.662.462.862.862.662.962.662.662.462.462.562.562.462.262.462.362.462.562.562.362.462.462.362.262.462.5

Males

Total

81.582.282.781.879.279.979.478.278.477.777.877.978.378.478.378.276.875.776.0

76.076.575.973.073.474.175.075.173.472.870.670.472.172.372.372.773.273.773.271.571.172.171.871.671.871.671.571.371.371.471.371.371.071.170.971.071.271.271.071.171.171.171.071.171.2

16-19years

49.952.054.152.447.648.148.145.946.444.745.047.150.150.250.351.149.649.251.5

51.554.354.450.651.554.456.355.753.451.347.047.449.149.949.649.951.752.651.047.246.348.949.348.347.047.346.545.946.547.247.046.745.846.845.744.946.245.845.045.946.447.447.147.147.2

20yearsandover

84.084.785.084.181.882.882.481.481.581.181.381.581.781.781.681.480.179.079.0

79.079.278.675.776.076.577.277.375.675.173.072.674.374.374.374.775.175.475.073.372.973.873.573.473.773.473.373.273.173.273.173.172.872.972.873.073.173.172.973.072.972.872.872.873.0

Females

Total

31.433.034.234.233.634.034.634.534.735.035.536.237.538.338.940.140.339.940.7

40.741.842.442.043.244.546.347.547.848.348.148.549.850.751.752.853.854.654.854.354.354.254.554.354.654.254.454.154.154.254.354.254.154.354.354.454.454.454.254.354.254.054.054.454.4

16-19years

36.437.038.938.235.034.835.134.634.832.932.233.737.537.737.839.539.538.641.3

41.343.644.342.544.245.948.549.447.946.244.644.547.047.147.949.050.250.548.546.144.346.647.547.048.246.046.344.044.145.646.046.045.245.145.144.444.245.342.543.844.444.244.143.944.6

20yearsandover

31.132.733.833.933.534.034.534.534.735.235.836.537.538.339.140.140.440.140.6

40.641.642.241.943.144.446.147.347.848.548.448.950.051.052.053.154.054.955.254.854.954.754.954.855.054.854.954.854.754.854.954.754.755.054.955.155.055.055.055.054.954.754.755.055.0


Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

Black and other

53.754.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.254.954.355.455.255.555.554.654.855.054.455.354.354.254.554.454.154.154.254.154.654.555.054.654.354.154.0

66.867.565.860.660.661.463.363.460.459.156.056.359.260.060.662.062.762.861.860.559.161.061.061.561.059.360.360.559.860.960.460.160.159.959.259.059.159.059.359.159.359.158.858.958.5

Black

31.632.831.426.325.826.428.528.727.024.620.320.423.926.326.528.529.430.427.623.823.623.822.724.324.723.624.823.723.224.423.723.023.428.025.924.421.421.822.423.823.523.222.922.024.0

73.073.771.966.566.867.569.169.165.864.561.461.664.164.665.166.467.167.066.164.963.365.565.765.965.363.764.664.964.265.264.864.564.463.763.163.163.563.363.663.263.563.263.063.262.5

43.043.843.541.642.843.345.846.045.745.144.244.146.748.148.850.351.252.051.650.350.450.850.450.751.050.750.350.549.950.849.349.349.949.950.050.050.250.150.750.851.551.050.650.150.4

19.222.020.920.219.218.522.122.421.019.717.717.020.123.123.825.825.827.125.721.422.123.923.323.722.323.321.121.616.620.519.621.619.822.222.120.322.421.722.922.225.722.119.821.722.3

20yearsandover

58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.1

76.577.678.477.272.573.874.171.772.071.872.973.774.073.873.372.870.968.167.3

52.452.752.248.042.041.443.841.041.737.437.839.440.538.838.739.035.531.832.4

79.280.481.380.576.077.677.975.575.776.277.778.779.279.478.978.476.874.273.2

41.942.243.043.742.843.243.642.642.742.743.444.145.145.045.245.944.943.943.3

24.726.428.026.522.820.324.823.223.121.321.820.223.124.824.725.122.420.219.9

43.743.944.745.545.C45.745.844.844.945.246.147.348.247.948.248.948.247.346.7

46.547.246.944.946.447.049.349.349.148.547.547.449.850.951.653.053.954.654.253.153.153.553.153.353.953.453.153.353.153.752.251.952.852.552.652.852.852.853.353.553.953.753.552.853.0

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



389


TABLE B-37.—Civilian unemployment rate, 1948-92


Year or month

194819491950195119521953195419551956195719581959

1960196119621963196419651966196719681969197019711972 ..197319741975197619771978197919801981198219831984198519861987198819891990199119921991: Jan

FebMar

MayJune

JulyAugSeptOct

NovDec


JulyAugSept

OctNovDec

Allcivilianworkers

3.85.9533.33.0295.5444.14 36.85.55.56.7555.7524.5383.8363.5495.9564.95.68.57.77 l6.15.87.17.69.7967.5727.06.2555.35.56.77.46.36.56.86.66.86.86.76.86.86.9697.17.17.37.37.37.47.77.67.67.5747.37.3

Males

Total

3.65.9512.828285 3423.84 16.85.25.46.4525.2464.0323.1292.8445.3504.24.97.97.1635.35.16.97.49.9997.4706.96.2555.25.67.07.86.46.87.17.07.17.17.27.17.27.2717.47.57.87.87.67.98.27.98.07.9787.67.5

16-19

years

9.814.312 78.18.979

13.511 611 112 417 115.315.317.114 717.215 814.111712.311611.415 016.615 913.915.620.119.217 315.815.918.320.124.423 319.619 519.017.816 015.916.319.821.518.918.019.719.720.620.320.519.519.619.720 220.920.421.922.120.921.224.421.921.821.819 521.120.5

20yearsandover

3.25.4472.52.425493834366.24.74.75.7464.5393.2252.3222.1354.4403.33.86.85.9524.34.25.96.38.8896.6626.15.4484.54.96.37.05.66.26.46.36.36.46.56.46.56.5646.76.87.07.06.97.27.37.27.27.1726.96.8

Females

Total

4.16.0574.436336.0494847685.95.97.2626.5625.5485.2484.7596.9666.06.79 38.6827.26.87.47.99.4927.6747.16.256545.46.36.96.16.16.36.2646.36.16.46.26.66 66.8676.86.86.96.97.17.17.17.069S.97.0

16-19

years

8.312.31148.38.07 2

11.410 211.210 614.313.513.916.314 617.216 615.714 113.514 013.315 617.216 715.316.619 718.718 317.116.417.219.021.921 318.017 617.615.914 414 014.717.418.518.416.516.617.116 816.418.218.416.619.017 118.617 417.918.217.718.421.019.217.718.818 219̂ 117.7

20yearsandover

3.65.3514.03.2295.5444.24 16.15.25.16.3545.4524.5384.2383.74 85.7544.95.58.07.4706.05.76.46.88.38 16.8666.25.449474.85.76.35.35.45.65.5585.75.45.75.65.9606!l606.16.16.26.26.36.46.46.4626̂ 26.4

Bothsexes16-19years

9.213.412 28.28576

12 611011.111 615.914.614.716.814 717.216 214.812 812.912 712.215 316.916 214.516.019.919.017 816.416.117.819.623.222 418.918 618.316.915 315 015.518.620.018.617.318.218.418 818.419.418.918.219.318 719.818.920.020.219.419.922.820.619.920.418 920.219.2

White

3.55.6493.12827503936386.14.85.06.0495.0464.1343.4323.14 55.4514.35.07.87.0625.25.16.36.786846.5626.05.3474.54.76.06.55.65.86.15.8606.16.16.06.06.1626.46.36.56.56.46.56.86.66.66.6656.46.3

Blackand

other

5.98.9905.35.44599878379

12 610.710.212.410 910.8968.1737.4676.4829.9

10 09.09.9

13.813.113 111.911.313.114.217.317 814.413 713.111.610 410 010.111.112.710.810.811.111.111.211.010.511.111.211.711 111.712.512.312.312.412.913.113.012.912.612 512.612.8

Black

"To 4"9.4

10.514.814.014 012.812.314.315.618 919 515.915 114.513.011 711411.312.414.112.111.912.312.412 612.411.812.412.413.112 412̂ 913 713.813.913.814.514.514.414.213.914 114.014.2

Experi-encedwageand

salaryworkers

4.36.86.03.73.4326.2484.4467.35.75.76.8565.6504.3353.6343.3485.7534.55.38.27.3665.65.56.97.39.3927.1686.65.8525.05.36.57.16.06.36.66.46.56.56.56.56.56.6676.96.97.07.17.07.27.37.27.27.2717.07.0

Marriedmen,

spousepresent2

3.5'4.61.51.4174.0262.328513.63.74.6363.4282.4191.8161.5263.22 82.32.75.14.2362.82.84.24.36.56.54.64 34.43.9333.03.44.45.04.14.24.54.44.44.44.34.34.54.2464.84.85.04.94.85.05.15.25.35.2514.94.8

Womenwho

main-tain

families

£94.44.45.47.37.27.17.0

10.010.1948.58.39.2

10.411.712.210.310.49.89.2818.18.29.19.99.29.19.09.59.29.18.39.39.19.69 19.29.19.59.9

10.09.9

10.110.310.39.19 3

10.410.3

1 Unemployed as percent of civilian labor force in group specified.2 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 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.

390


TABLE B-38.—Civilian unemployment rate by demographic characteristic, 1950-92

[Percent;] monthly data seasonally adjusted]

Year or month

Allcivil-ian

work-ers

White

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover


Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Black and other

19501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972

19721973197419751976197719781979

1980198119821983198419851986198719881989

199019911992

1991: Jan..Feb...Mar..

feJuneJuly..Aug..Sept.Oct...Nov..Dec.

1992:Jan..Feb...Mar..Apr..May.JuneJuly.Aug.SeptOct..Nov.Dec.

5.33.33.02.95.54.44.14.36.85.55.56.75,55.75.24.53.83.83.63.54.95.95.6

5.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.56.77.46.36.56.86.66.86.86.76.86.86.96.97.17.17.37.37.37.47.77.67.67.57.47.37.3

13.411.310.511.515.714.014.015.713.715.914.712.910.510.710.110.013.715.114.2

14.212.313.518.317.315.013.513.916.217.921.720.216.816.516.315.513.913.714.217.518.416.715.917.717.318.618.418.916.616.717.317.718.517.319.020.017.818.421.218.818.518.715.917.717.2

10.49.19.79.5

12.712.012.714.812.815.114.914.012.111.512.111.513.415.114.2

14.213.014.517.416.415.914.414.014.816.619.018.315.214.814.913.412.311.512.615.215.715.913.613.814.715.314.816.015.614.415.915.417.014.915.616.015.014.918.416.315.215.815.116.415.1

9.05.35.44.59.98.78.37.9

12.610.710.212.410.910.89.68.17.37.46.76.48.29.9

10.0

10.49.4

10.514.814.014.012.812.314.315.618.919.515.915.114.513.011.711.411.312.414.112.111.912.312.412.612.411.812.412.413.112.412.913.713.813.913.814.514.514.414.213.914.114.014.2

9.44.95.24.8

10.38.87.98.3

13.711.510.712.810.910.58.97.46.36.05.65.37.39.18.9

9.38.09.8

14.813.713.311.811.414.515.720.120.316.415.314.812.711.711.511.812.915.212.612.612.713.313.613.412.813.013.112.612.413.414.714.915.314.515.415.515.315.515.415.514.915.2

14.413.415.018.426.825.224.026.822.027.324.323.321.323.922.121.425.028.829.7

9.98.47.47.6

12.710.59.6

11.710.09.27.76.04.94.33.93.75.67.36.9

8.46.15.74.19.28.58.97.3

10.89.49.4

11.911.011.210.79.28.79.18.37.89.3

10.911.4

Black

31.727.833.138.137.539.236.734.237.540.748.948.842.741.039.334.432.731.932.136.542.035.435.638.336.936.034.733.436.740.536.436.537.236.138.738.343.243.045.142.342.744.344.244.842.2

7.06.07.4

12.511.410.79.39.3

12.413.517.818.114.313.212.911.110.110.010.411.513.411.211.311.111.812.212.111.611.511.311.211.012.013.213.313.812.813.813.613.613.813.513.713.013.3

11.811.111.314.814.314.913.813.314.015.617.618.615.414.914.213.211.711.410.811.913.011.611.211.911.611.711.410.811.911.813.512.412.312.712.712.613.113.613.513.513.012.512.713.213.2

20.619.222.820.228.427.724.829.230.234.731.631.731.329.628.727.634.535.438.4

40.536.137.441.041.643.440.839.139.842.247.148.242.639.239.234.932.033.030.036.137.236.334.638.136.130.831.635.642.634.541.833.436.634.937.236.135.742.136.438.431.839.839.837.536.5

8.47.77.86.49.58.38.3

10.69.69.49.07.56.67.16.35.86.98.78.8

9.08.68.8

12.211.712.311.210.911.913.415.416.513.513.112.411.610.49.89.6

10.511.710.09.8

10.210.210.610.49.5

10.410.712.011.311.111.411.411.411.811.912.212.111.911.011.311.811.9

1 Unemployed as percent of civilian labor force in group specified.

Note.-See Note, Table B-37.


391


TABLE B-39.—Unemployment by duration and reason, 1948-92

[Thousands of persons, except as noted; monthly data seasonally adjusted1]

Year or month

1948194919501951195219531954195519561957 . . .19581959I9601961196219631964196519661967 .19681969197019711972197319741975L9761977197819791980198119821983198419851986L98719881989199019911992


1992-JanFebMarAprMayJuneJulyAugSeptOctNovDec

Unem-ploy-ment

2 2763 6373 2882 0551,8831 83435322 8522 7502 8594 6023 7403 8524 71439114,0703 7863 3662 8752 9752,8172,8324,0935,0164,8824,3655 1567,9297 4066,9916 2026 1377,6378,27310 67810 7178,5398 3128,2377 4256,7016 5286 8748,4269,384

7,8068,1238,4628,3068,5078,4878,3788,4608,4798,6958,6708,9848 9929̂ 2239,2849,2259,4599,7889,6289,6249,5509,3799,3019,280

Duration of unemployment

Lessthan5

1,3001,75614501,1771,13511421 60513351412140817531585171918061,6631,75116971628157316341,5941,6292,1392,2452 2422,2242 6042,9402 8442,9192 8652 9503,2953,4493 8833 5703,3503 4983,4483 2463,0843 1743 1693,3803 270

3,3973,4653,4703,3483,5653,3693 3233,3533,3203,3063,3093,3593 3323,1053,2913,2693,3623,5123,3733,2893,2813,1923,1203,042

5-14weeks

6691,1941,055574516482

1116815805891

1,3961,1141 17613761,1341,2311117983779893810827

1,2901,585147213141 5972,4842 1962,13219231 9462,4702,53933112 9372>512 5092,5572 1962,0071 9782 2012,7242 760

2,5472,6832,8462,7282,7632,8112 7322,6572,7152,7822,6872,7712 7012,8822,6982,7062,6632,7832,7762,8462,8472,6662,8352,688

15-26weeks

193428425166148132495366301321785469503728534535491404287271256242428668601483574

1,3031018913766706

1,0521,1221 7081 652U041 0251,045943801730809

1,2251424

1,0041,0571,2031,2031,1951,256122712551,2881,4661,3421,3811 4551,4521,4171,3031,4051,3631,4591,5021,4271,4751,4381,540

27weeksandover

1162563571378478317336232239667571454804585553482351239111156133235519566343381

1,2031 3481,028648535820

1,1621 7762 5591,6341 280U871 040'809646695

1,0981 930

856915947

1,0071,0161,0851 1021 1611,1681,1471,3741,5081 5941,7201,7681,7691,9442,0692,0882,0452,0952,0892,0082,065

Average(mean)dura-tion

(weeks)

8610.012.19.78.48011813 011310 513.914 412 815 614.714.013 311810 4878.47.88.611.312 010 09814.215 814.311910 811.913.715 620 018.215 615.014 513.511 912 113.817 9

12.412.813.013.512.913.813 914 214.314.415.115.516 316.817.017.217.918.218.318.318.519.218.419.2

Mediandura-tion

(weeks)

234.54.44.96.36252528.4827.059546.56.98710 17.9686.9655.948546.988

5.96.26.66.86.56.970737.37.47.78.08 18.28.18.68.88.78.68.99.39.39.49.4

Reason for unemployment

J

Total

12291,0701,0171,8112,3232 10816942 2424,3863 6793^1662 5852 6353,9474,2676 26862584,4214 1394,0333 5663,0922 9833 3224,6085 291

4,1514,4124,5934,5014,5314,6704 6294 6714,7764,7384,7885,0664 8845,2265,2695,2195,4305,5355,4625,4145,4385,4925,2075,138

ob loser

Onlayoff

394334339675735582472746

1,6711050865712851

1,4881,4302 1271 7801,1711 1571,090943851850

10181,2791246

1,1861,4331,3781,3391,3351,3161 1951,2841,0941,2171,2171,2641 213U611,2351,2271,2111,3121,2961,2551,3351,2651,1951,204

>

Other

836736678

1,1371,5881,5261,22114952,7142 6282,30018731 7842,4592,8374 1414 4783,2502 9822^9432 6232,2412 1332 3053,3294 045

2,9652,9793,2153,1623,1963,3543 4343,3873,6823,5213,5713,8023 6713,9654,0343,9924,2194,2234,1664,1594,1034,2274,0123,934

Jobleav-ers

438431436550590641683768827903909874880891923840830823877

1,015965983

1 0241014979975

9081,0161,098978

1,0231,046975875953996985918971927947

1,009992

1,0171,0031,009963913977972

Reen-trants

945909965

1,2281,4721,4561,34014631,89219281,9631,85718061,9272,1022 3842 4122,1842 2562,1601 9741,80918431,8832,0872 228

2,0092,0142,0682,0852,1942,1022 0332,1032,0262,1162,1302,1742 3162,1692,2032,1372,1942,2662,2732,2462,2742,2062,1942,237

Newen-

trants

396407413504630677649681823895953885817872981

11851 2161,1101 03S1,02992C81667765475389C

69565912475477C7027697S9774836776816810838832853863999958941944784930930

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.2 Data for 1967 by reason for unemployment are not strictly comparable with those for later years and the total by reason is not

equal to total unemployment.


392


TABLE B-40.—Unemployment insurance programs, selected data, 1960-92

Year or month

19601961..1962...19631964...1965..1966...1967..19681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990. .1991


1992: JanFebMaiAprMayJuneJulyAugSeptOctNov"

Coveredemploy-ment1

All programs

Insuredunemploy-

ment(weeklyaver-

a g e ) ^

Thousands

46,33446,26647,77648,43449,6375158054,73956,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,80492,06292,65993 30091,6289189896,47499 186

101,099103 933107,157109,926111498

8 109,613

2,0712 9941,946

7 19731,7531,4501,1291,2701 1871,1772,0702,6082,1921,7932,5584,9373,8463,3082,6452,5923,8373 4104,5943 7752,5612 6932,7462 4012,1352,2052 5753,406

4,0154,0904,0603,8643,2623,1773,2702,9992,7952,7952,8453,5754,2114,2144,1163,6393,2023,1483,1243,1202,8202,543

Totalbenefits

paid(millions

ofdollars)2 *

3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.64,209.36,154.05,491.14,517.36,933.9

16,802.412,344.810,998.99,006.99,401.3

16,175.415 287 123,774.820 206 213,109.615 056 316,292.514 501 013,694.414,957.018,746 727,505.4

2,585 92,430.72,575.32,586.32,323.51,939.72,201.01,964.31,731.51,888.71,729.52,248.12,807.82,555.72,750.12,477.12,016.62,058.42,129.51,978.01,861.01,682.9

State programs

Insuredunem-

ployment

Initialclaims

Exhaus-tions5

Weekly average; thousands

1,9082,2901,783

71,8061,6051,3281,0611,2051,1111,1011,8052,1501,8481,6322,2623 9862,9912,6552,3592,4343,3503 0474,0613 3962,4762 6112,6502 3322,0812,1582 5223,342

3,1363,3033,4673,4903,4753,4063,3363,2833,2673,2733,3133,3173,3493,3243,3403,3483,3283,2493,3273,1853,1853,0292,935

331350302

7 298268232203226201200296295261247363478386375346388488460583438377397378328310330388447

460498511460433421418415415418448464446452440412407415420409406366361

3146323026211517161625393529378163553939595780805049524638374567

58576270686976726666627178767883777677746763

Insured

unemploy-ment aspercent

ofcoveredemploy-

ment

4.85.64.44.33.83.02.32.52.22.13.44.13.52.73.56.04.63.93.32.93.93.54.6392.8292.82.42.02.12.43.2

**

3.03.13.33.33.33.23.13.13.13.13.13.13.23.13.23.23.23.13.23.03.02.92.8

Benefits paid

Total(millions

ofdollars)4

2,726.73,422.72,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.93,848.54,957.04,471.04,007.65,974.9

11,754.78,974.58,357.27,717.28,612.9

13,761.113,262.120,649.517,762.812,594.714,130.815,329.313,606.812,564.713,760.317,356.024,525.7

2,529.52,382.22,525.62,485.72,236.51,864.52,134.61,911.01,681.41,831.11,681.02,183.32,723.82,476.22,664.12,397.91,946.01,983.22,049.01,899.51,778.11,601.3

Averageweekfycheck

(dollars) •

32.8733.8034.5635.2735.9237.1939.7541.2543.4346.1750.3454.0256.7659.0064.2570.2375.1678.7983.6789.67

98.95106.70119.34123.59123.47128.14135.65140.55144.97151.73161.56169.88

166.83169.51170.45170.01170.46170.50169.16169.02170.70171.27170.79170.99171.65173.39173.87173.88173.70173.22171.70174.19174.42175.37

**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-servicemembers).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 unemployment assistance), Federal SupplementalCompensation, and Emergency Unemployment Compensation 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.

393


TABLE B-41.—Employees on nonagricultural payrolls, by major industry, 1946-92

[Thousands of persons; monthly data seasonally adjusted]

Year or month Total

Goods-producing industries

Total MiningCon-

struction

Manufacturing

Total Durablegoods

Nondura-ble goods

19461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992"1991: Jan

Feb...Mar...

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

1992: Jan....Feb...Mar...Apr....May...June..July...Aug...Sept..Oct....Nov*Dec".

41,65243,85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358,28360,76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,82390,40691,15689,56690,20094,49697,51999,525102,200105,536108,329109,782108,310108,434108,845108,557108,344108,178108,265108,227108,190108,267108,293108,285108,139108,154108,100108,142108,200108,377108,496108,423108,594108,485108,497108,571108,647108,711

17,24818,50918,77417,56518,50619,95920,19821,07419,75120,51321,10420,96419,51320,41120,43419,85720,45120,64021,00521,92623,15823,30823,73724,36123,57822,93523,66824,89324,79422,60023,35224,34625,58526,46125,65825,49723,81323,33424,72724,85924,55824,70825,17325,32224,96023,83023,42124,19524,08123,93823,86023,86423,80923,79223,79123,75523,70423,61323,58423,52723,52523,53223,53023,54823,47023,45923,36223,29623,27023,27723,273

862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958

1,0271,1391,128952966927777717713693710691635710710708704699697693686679674667663657653651646641634633626620623622620

1,6832,0092,1982,1942,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9053,9484,3834,6734,8164,9675,1105,1875,1334,6854,5944,7904,7984,7404,7014,7064,6924,6744,6624,6624,6424,5854,5924,5874,5824,6034,6054,6324,6004,5844,5914,5744,6014,5844,579

14,70315,54515,58214,44115,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,78118,43419,37819,26018,96519,02419,35019,44219,11718,45518,19218,69518,57318,49018,45518,45918,42018,42518,44318,41418,38818,36118,32918,28318,29018,27818,27918,27518,23618,24218,14518,10218,04618,07118,074

7,7858,3588,2987,4628,0669,0599,32010,0809,1019,5119,8029,8258,8019,3429,4299,0419,4509,5869,78510,37411,25011,40811,59411,86211,17610,60411,02211,86311,89710,66211,05111,57012,24512,73012,15912,08211,01410,70711,47911,46411,20311,16711,38111,42011,13010,60210,34010,81610,71010,64610,63010,62210,58710,58610,58210,55710,53010,49810,46610,42210,43010,41710,40910,39810,37110,34710,29810,27110,23110,24810,243

6,9187,1877,2856,9797,1757,3347,3137,4687,2137,3707,4427,3517,1447,3337,3677,2857,4037,4107,4897,6887,9638,0398,1878,3048,1908,0198,1298,2918,1817,6617,9468,1128,2598,3108,1278,0897,7677,7267,8997,7967,7617,8587,9698,0227,9887,8527,8527,8797,8637,8447,8257,8377,8337,8397,8617,8577,8587,8637,8637,8617,8607,8617,8707,8777,8657,8957,8477,8317,8157,8237,831

Note.—Data in Tables 6-41 and B-42 are based on reports from employing establishments and relate to full- and part-time wage andsalary workers in nonagricultural establishments who received pay for any part of the pay period that includes the 12th of the month.Not comparable with labor force data (Tables 6-30 through 6-39), which include both agricultural and nonagricultural industries-, whichinclude self-employed persons, unpaid family workers, and private household workers, as well as other wage and salary workers;


394


TABLE B-41.—Employees on nonagricultural payrolls, by major industry, 1946-92—Continued

[Thousands of persons; monthly data seasonally adjusted]

Year or month

Service-producing industries

Total

24,40425,34826,09226,18926,69127,86028,59529,12829,23930,12831,26631,88931,81132,85733,75534,14235,09836,01337,27838,83940,74342,49544,16046,02347,30248,27850,00751,89753,47154 34556,0305812561,11363,36364,74865 65965,75366 86669,76972 66074,96777,49280,36383,00784,82284,48085,01384,65084,47684,40684,31884,40184,41884,39884,47684,53884,58184,52684,57084,57384,61784,66884,84784,94884,95385,13585,12385,20185,30185,37085.438

Trans-portation

andpublic

utilities

4,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254 5424,5824 7134,9235,1365,14651655,0824 9545,1595 2385,2555,3725,5275,6445,8085,7725,7415,8175,7815,7705,7685,7695,7635,7675,7735,7695,7665,7615,7585,7465,7535,7545,7465,7455,7455,7425,7295,7385,7315,7335,737

Whole-saletrade

2,2982,4782,6122,6102,6432,7352,8212,8622,8752,9343,0273,0372,9893,0923,1533,1423,2073,2583,3473,4773,6083,7003,7913,9194,0064,0144,1274,2914,4474 4304,5624 7234,9855,2215,2925 3765,2965 2865,5745 7365,7745,8656,0556,2216,2006,0695,9836,1276,1096,0986,0826.0816,0696,0646,0506,0496,0406,0316,0216,0106,0035,9975,9935,9935,9885,9725,9645,9575,9695,9745,967

Keiaiitrade

6,0776,4776,6596,6546,7437,0077,1847,3857,3607,6017,8317,8487,7618,0358,2388,1958,3598,5208,8129,2399,6379,906

10,30810,78511,03411,33811,82212,31512,53912 63013,19313 79214,55614,97215,0181517215,16115 59516,52617 33617,90918,46219,07719,54919,67719,25919,13719,46419,36619,34019,27519,28119,26819,23819,24419,22019,17519,13019,11219,11819,14319,09219,17719,15019,15619,18419,10619,12219,14619,12519,140

Finance,insur-ance,

and realestate

1,6751,7281,8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6282,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484 1654,2714 4674,7244,9755,1605 2985,3415,4685,6895,9556,2836,5476,6496,6956,7296,6786,6726,7116,7016,6996,6886,6836,6746,6626,6616,6636,6656,6666,6706,6656,6736,6756,6826,6816,6726,6606,6616,6696,6806,6696,677

Services

4,6975,0255,1815,2395,3565,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6197,9828,2778,6609,0369,498

10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30216,25217,11217,89018,61919,03619,69420,79721,99923,05324,23525,66927,12028,10328,32328,90328,21528,18128,15828,14528,20928,25128,28928,36628,45028,52528,51428,55928,57728,58428,64328,70728,83328,85428,97128,98129,06529,15229,18329,253

Government

Total

5,5955,4745,6505,8566,0266,3896,6096,6456,7516,9147,2787,6167,8398,0838,3538,5948,8909,2259,596

10,07410,78411,39111,83912,19512,55412,88113,33413,73214,17014,68614,87115,12715,67215,94716,24116,03115,83715,86916,02416,39416,69317,01017,38617,77918,30418,38018,57818,31618,33818,34118,36018,37818,39318,37818,38218,38718,41018,42418,45018,45718,46118,50718,54218,54618,53818,60618,68218,65018,62318,68618,664

Federal

2,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,8662,7722,7392,7742,8072,8752,8992,9432,9712,9883,0852,9662,9672,9512,9522,9532,9552,9572,9702,9652,9702,9782,9802,9812,9832,9812,9812,9892,9862,9842,9722,9572,9592,9672,9422,9422,944

Stateandlocal

3,3413,5823,7873,9484,0984,0874,1884,3404,5634,7275,0695,3995,6485,8506,0836,3156,5506,8687,2487,6968,2203,6729,1029,4379,823

10,18510,64911,06811,44611,93712,13812,39912,91913,17413,37513,25913,09813,09613,21613,51913,79414,06714,41514,79115,21915,41415,61015,36515,38615,38815,40515,42115,42315,41315,41215,40915,43015,44315,46715,47615,48015,51815,55615,56215,56615,64915,72315,68315,68115,74415,720

19461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992 P

1991: Jan....Feb....Mar....Apr....May...June..

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

Dec...

1992.- Jan...Feb....Mar...Apr...May..June.July...Aug...Sept..Oct...Nov"D e c

Note (cont'd).—which count persons as employed when they are not at work because of industrial disputes, bad weather, etc., evenif they are not paid for the time off; and which are based on a sample of the working-age population. For description and details of thevarious establishment data, see "Employment and Earnings."


395


TABLE B-42.—Hours and earnings in private nonagrkultural industries and hourly compensation in the

total economy, 1959-92


Year or month

Private nonagricultural industries *

Average weeklyhours

Totalpri-vate

Manufactur-ing

Total Over-time

Average hourly earnings

Total private

Cur-rentdol-lars

1982dol-

lars2

Manu-facturing(currentdollars)

Average weekly earnings, totalprivate

Level

Currentdollars

1982dol-

lars2

Percent changefrom a year

earlier3

Cur-rentdol-lars

1982dol-

lars2

Total economy,hourly

compensation 4

Currentdollars

1982CPI-U-

XIdol-

lars5

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992 *1991: Jan..,

Feb..Mar..Apr..May.JuneJuly.Aug.SeptOct..Nov..Dec.

1992: Jan..Feb..Mar.Apr..May.JuneJuly.Aug.SeptOct..Nov iDec '

39.038.638.638.738.838.738.838.638.037.837.737.136.937.036.936.536.136.136.035.835.7

35.335.234.835.035.234.934.834.834.734.634.534.334.434.234.334.234.134.334.534.234.334.434.334.434.534.334.634.534.334.634.334.334.634.334.534.634.3

40.339.739.840.440.540.741.241.440.640.740.639.839.940.540.740.039.540.140.340.440.239.739.838.940.140.740.540.741.041.141.040.840.741.040.540.440.340.440.540.740.740.940.940.940.941.040.941.141.141.141.341.041.041.040.941.141.241.3

$2.022.092.142.222.282.362.462.562.682.853.043.233.453.703.944.244.534.865.255.696.166.667.257.688.028.328.578.768.989.289.66

10.0110.3310.5910.1810.2010.2310.2610.3010.3510.3410.3810.3910.4010.4210.4610.4610.5110.5510.5210.5610.5810.5810.6610.6310.6510.7110.70

$6.696.796.887.077.177.337.527.627.727.897.988.038.218.538.558.288.128.248.368.408.177.787.697.687.797.807.777.817.737.697.64

7.527.45

7.437.447.457.457.467.487.467.477.467.457.447.457.447.467.467.427.447.437.417.447.417.407.42

$2.192.262.322.392.452.532.612.712.823.013.193.353.573.824.094.424.835.225.686.176.707.277.998.498.839.199.549.739.9110.1910.4810.8311.1811.4511.0211.0311.0711.1211.1411.1711.2111.2411.2511.2711.3011.3211.2711.3411.3711.4211.4411.4411.4511.5111.5111.5111.5511.57

$78.7880.6782.6085.9188.4691.3395.4598.82101.84107.73114.61119.83127.31136.90145.39154.76163.53175.45189.00203.70219.91235.10255.20267.26280.70292.86299.09304.85312.50322.02334.24345.35354.32364.30348.16349.86349.87349.87353.29357.08353.63356.03357.42356.72358.45360.87358.78363.65363.98360.84365.38362.89362.89368.84364.61367.43370.57367.01

$260.86261.92265.59273.60278.18283.63291.90294.11293.49298.42300.81298.08303.12315.44315.38302.27293.06297.37300.96300.89291.66274.65270.63 i267.26272.52274.73271.16271.94269.16266.79264.22259.47255.64

254.13255.19254.64253.90255.82258.01255.14256.32256.58255.53255.85257.03255.36258.27257.23254.47257.31254.84254.30257.57254.08255.16256.81

4.92.42.44.03.03.24.53.53.15.86.44.66.27.56.26.45.77.37.77.88.06.98.54.75.04.32.11.92.53.03.83.32.62.82.42.21.92.32.43.01.82.82.73.23.03.13.03.94.23.13.41.92.63.51.22.83.51.6

4.2.4

1.43.01.72.02.9

.8- . 21.7

.8- . 91.74.1

- . 0-4 .2- 3 . 0

1.51.2

- . 0-3 .1- 5 . 8- 1 . 5-1 .2

2.0.8

- 1 . 3.3

-1 .0- . 9

-1 .0-1 .8- 1 . 5

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

- . 7- . 4

.5

.2

.4

.61.11.2

.1

.6-1 .0

- . 4.4

-1 .7- . 3

.5

$2.322.432.522.622.732.872.993.183.353.643.914.254.544.855.275.776.326.877.408.028.799.70

10.6711.4911.9512.4913.0713.6914.2514.8615.4216.2917.12

$7.027.207.407.647.848.148.358.658.829.239.489.83

10.0710.4510.6610.6210.7411.0711.2011.3611.3611.2711.3311.4911.4711.4911.6011.9511.9912.0211.89

11.9112.01

1 For production or nonsupervisory workers; total includes private industry groups shown in Table B-41.2 Current dollars divided by the consumer price index for urban wage earners and clerical workers on a 1982 =-100 base.3 Percent changes are based on data that are not seasonally adjusted.4 Compensation (wages and salaries of employees plus employer contributions for social insurance and private benefit plans, and all

other fringe benefits, as well as an estimate of the wages, salaries, and supplemental payments of the self-employed) divided by hoursof all persons.

5 See Table B-58.Note.—See Note, Table B-41.Source-. Department of Labor, Bureau of Labor Statistics.

396


TABLE B-43.—Employment cost index, private industry, 1979-92

Year and month

December:1979198019811982198319841985198619871988198919901991

1991: MarJuneSeptDec

1992: MarJuneSept


1992: MarJuneSept

December:198019811982198319841985198619871988198919901991


1992: MarJuneSept


1992: MarJuneSept

Total privat

Totalcompen-sation

59.164 871.275 880.184.087.390.193.197.6

102.3107.0111.7

108.5109.8111.0111.7113.1113.9114.8

108.5109.7110.8111.9113.0113.7114.6

9.69.96.55.74.93.93.23.34.84.84.64.4

4.44.44.54.44.23.73.4

1.21.11.01.01.0.6.8

Wagesandsala-ries

61.567 173.077 681.484.888.391.194.198.0

102.0106.1110.0

107.3108.4109.3110.0110.9111.6112.2

107.3108.4109.2110.1111.0111.5112.1

9.18.86.34.94.24.13.23.34.14.14.03.7

4.03.73.73.73.43.02.7

1.01.0

7.8.8.5.5

Bene-f i t s 1

53.259 466.671476.781.784.687.590.596.7

102.6109.4116.2

111.6113.5115.2116.2118.6119.7121.2

111.4113.2115.1116.7118.4119.4121.3

11.712.17.27.46.53.53.43.46.96.16.66.2

5.86.26.46.26.35.55.2

1.41.61.71.41.5.8

1.6

Goods-producing

Totalcompen-sation

60.766 773.377 881.685.488.291.093.897.9

102.1107.0111.9

108.5109.8111.0111.9113.5114.3115.3

108.4109.7110.8112.0113.4114.1115.2

Wagesandsala-ries

Bene-fits1

Index, June

63.769 775.780 083.286.489.492.395.298.2

102.0105.8109.7

107.0108.0108.7109.7110.7111.4112.1

54.660 568.273 278.383.285.788.390.997.3

102.6109.9116.7

111.9113.9115.8116.7119.7120.6122.3

Service-producing

Totalcompen-

sation

Wagesandsala-ries

Bene-fits1

Manufacturing

Totalcompen-sation

Wagesandsala-ries

1989 = 100; not seasonally adjusted

57.763 369.574178.982.986.689.392.697.3

102.3107.0111.6

108.5109.8111.0111.6112.8113.6114.4

Index, June 1989 =

107.0108.0108.7109.7110.7111.4112.1

111.6113.7115.8117.2119.5120.4122.2

108.5109.7110.8111.9112.8113.4114.3

60.065 371.175 980.283.787.790.393.497.8

102.2106.3110.2

107.5108.7109.7110.2111.1111.7112.3

51.958 465.169 675.280.483.686.890.296.1

102.6109.0115.7

111.4113.0114.6115.7117.7118.8120.4

60.166 072.576 980.885.087.890.793.497.6

102.0107.2112.2

108.6110.0111.2112.2114.0114.7115.7

= 100; seasonally adjusted

107.6108.6109.5110.4111.2111.6112.1

111.1112.8114.7116.4117.4118.6120.5

Percent change from 12 months earlier, not

9.99.96.14.94.73.33.23.14.44.34.84.6

4.44.44.54.64.64.13.9

9.48.65.74.03.83.53.23.13.23.93.73.7

3.83.63.43.73.53.13.1

Percent c

1.11.21.01.11.3.6

1.0

1.1.9.6.9.9.6.6

10.812.77.37.06.33.03.02.97.05.47.16.2

5.96.36.56.27.05.95.6

hange

1.21.91.81.22.0

.81.5

9.79.86.66.55.14.53.13.75.15.14.64.3

4.54.44.54.34.03.53.1

8.88.96.85.74.44.83.03.44.74.54.03.7

4.13.93.83.73.32.82.4

12.511.56.98.06.94.03.83.96.56.86.26.1

5.86.06.26.15.75.15.1

108.5109.9111.2112.4113.9114.7115.6

63.068 974.979 182.586.189.292.195.298.1

101.9106.2110.3

107.4108.4109.3110.3111.5112.2112.9

107.4108.4109.3110.3111.5112.2112.9

Bene-f i t s 1

54.259 967.572 477.582.785.087.589.896.6

102.3109.5116.1

111.2113.3115.3116.1119.3120.1121.5

110.8113.1115.2116.7119.0119.9121.4

seasonally adjusted

9.89.86.15.15.23.33.33.04.54.55.14.7

4.44.54.54.75.04.34.0

9.48.75.64.34.43.63.33.43.03.94.23.9

4.03.73.73.93.83.53.3

rom 3 months earlier, seasonally adjustec

1.21.11.01.0.8.5.8

1.0.9.8.8.7.4.4

1.51.51.71.5

.91.01.6

0.91.31.21.11.3.7.8

1.1.9.8.9

1.1.6.6_.

10.512.77.37.06.72.82.92.67.65.97.06.0

5.46.06.46.07.36.05.4

0.62.11.91.32.0

.81.3

Nonmanufacturing

Totalcompen-

sation

58.564 270.475 179.683.487.089.792.997.5

102.3106.9111.5

108.5109.7110.9111.5112.7113.5114.4

108.5109.6110.8111.8112.7113.4114.3

9.79.76.76.04.84.33.13.65.04.94.54.3

4.54.44.44.33.93.53.2

1.31.01.1.9.8.6.8

Wagesandsala-ries

60.866 272.176 881.084.288.090.693.797.8

102.2106.1109.8

107.3108.4109.3109.8110.7111.3111.9

107.4108.4109.2109.9110.8111.2111.8

8.98.96.55.54.04.53.03.44.44.53.83.5

4.03.73.73.53.22.72.4

1.1.9.7.6.8.4.5

Bene-f i t s 1

52.559 166.170 676.281.184.487.591.096.8

102.8109.3116.2

111.9113.5115.1116.2118.2119.4121.0

111.5113.3115.1116.8117.8119.2121.0

12.611.86.87.96.44.13.74.06.46.26.36.3

6.26.26.46.35.65.25.1

1.51.61.61.5.9

1.21.5

1 Employer costs for employee benefits.

Note.--The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shiftsamong occupations and industries.

Data exclude farm and household workers.

Through December 1981, percent changes are based on unrounded data; thereafter changes are based on indexes as published.


397


TABLE B-44.—Productivity and related data, business sector, 1959-92

[1982=100; quarterly data seasonally adjusted]

Year orquarter

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911982: IV1983. IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: IV1990:1

IIIllIV

1991:1IIIllIV

1992:1IIIll

Output per hourof all persons

Busi-ness

sector

64.565.568.070.473.276.478.580.782.785.385.786.989 892.695.093.295.498.299 8

100.499.398.699.9

100.0102.2104.6106.1108.3109.4110.4109.5109.7110.1101.1103.0105.2106.9108.0110.3110.5109.3109.4110.2109.8109.7109.3109.8110.3111.2112.3112.5113.5

Nonfarmbusinesssector

69.169.872.174.377.079.981.783.385.187.687.688.591294.096.394.596.699.1

100 6101.399.999.099.9

100.0102.4104.5105.4107.5108.3109.2108.2108.2108.7101.1103.2105.1105.8107.1109.1109.6108.0107.9108.6108.1108.1107.9108.4108.9109.6110.6111.1111.9

Output »

Busi-ness

sector

51.452.253.356.158.762.265.969.370.874.076.275.878 083.088.286.685.089.994 9

100.1102.1100.5102.4100.0104.1112.6116.7119.9124.8130.1132.3132.7129.8100.0107.5114.4118.0120.6127.4131.7132.3133.1133.7132.5131.3129.2129.5130.0130.6131.4131.9133.1


51.051.852.955.758.361.965.769.370.874.076.275.777 983.088.486.784.990.095 0

100.5102.5100.8102.4100.0104.4113.0116.8120.1125.0130.6132.7132.9130.0100.0108.1114.8118.2120.8127.6132.5132.7133.5134.0132.7131.5129.4129.7130.2130.7131.5132.0133.2

Hours of allpersons2

Busi-ness

sector

79.679.778.579.780.181.483.985.885.686.888.987.286 989.692.892.989.191.595199.7

102.8101.9102.5100.0101.8107.6109.9110.7114.1117.9120.9120.9117.998.9

104.3108.7110.4111.6115.5119.2121.1121.7121.4120.7119.8118.1117.9117.8117.5117.0117.2117.2


73.874.273.474.975.877.580.483.183.184.587.085.685 488.391.791.888.090.894.599.3

102.7101.8102.5100.0102.0108.1110.8111.8115.4119.5122.7122.9119.698.9

104.7109.2111.7112.8116.9120.9122.8123.7123.4122.8121.6119.9119.7119.6119.3118.9118.9119.1

Compensationper

Busi-ness

sector

20.221.121.922.923.825.026.027.829.431.834.136.739 041.545.149.554.559.464 269.976.785.093.0

100.0103.7108.1113.0118.6122.7128.0132.3139.7146.6102.1105.2109.7115.4120.6125.3130.2134.3136.2138.9141.0142.9144.1146.1147.5148.8150.2151.0152.4

lour3


21.322.222.923.924.725.826.728.329.932.334.537.039 441.945.449.954.859.564 370.076.784.993.0

100.0103.9108.1112.6118.1122.1127.2131.3138.4145.4102.1105.1109.7114.8120.1124.6129.3133.3134.9137.5139.6141.6143.0145.0146.4147.5148.9149.8151.1

Real compensationper hour4

Busi-ness

sector

67.068.770.773.275.077.979.682.984.988.289.791.293 095.898.097.097.7

100.8102 3103.4102.099.598.7

100.0100.5100.4101.3104.4104.3104.4103.0103.2103.9100.6100.4100.6102.2105.3104.8104.3102.9102.6103.6103.4103.0103.1103.9104.2104.2104.5104.1104.4


70.572.374.076.277.980.481.884.286.589.590.792.093 896.798.697.698.3

101.0102 4103.6101.999.498.8

100.0100.7100.4101.0104.0103.7103.7102.2102.2103.0100.6100.3100.5101.6104.9104.2103.6102.1101.6102.5102.4102.1102.3103.1103.4103.3103.5103.3103.5

Unit labor costs

Busi-ness

sector

31.332.232.232.632.532.833.134.535.537.339.842.243 544.847.553.157.160.564 369.677.286.293.1

100.0101.5103.3106.5109.5112.2116.0120.9127.3133.1101.0102.1104.3108.0111.6113.6117.8122.9124.5126.0128.4130.3131.8133.1133.7133.8133.8134.1134.3


30.831.831.832.132.132.332.733.935.136.839.441.843144.547.152.856.760.163 969.176.885.793.1

100.0101.5103.4106.8109.9112.8116.4121.4127.9133.8101.0101.8104.4108.4112.1114.2118.0123.3125.0126.6129.1131.0132.5133.8134.4134.6134.6134.9135.1

Implicit pricedeflator5

Busi-ness

sector

32.132.632.833.533.734.135.036.137.238.840.642.444 546.249.053.759.062.466 571.878.385.994.5

100.0103.4107.7111.2113.6116.6120.8126.1131.2136.2101.1104.8109.0112.4114.6117.9122.8127.8129.1130.6131.9133.3134.9136.0136.7137.3138.2139.0138.8


31.832.332.533.133.433.934.635.836.938.640.442.244 345.847.952.858.361.966171.277.585.694.2

100.0104.0107.6111.6114.2117.2121.4126.5131.8137.0101.4105.2109.0112.9115.2118.5123.4128.2129.6131.1132.5134.1135.7136.6137.5138.3139.1139.9139.8

1 Output refers to cross domestic product originating in the sector in 1987 dollars.2 Hours at work 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.


398


TABLE B-45.—Changes in productivity and related data, business sector, 1960-92

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

Yesr orquarter

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

Output per hourof all persons

Busi-ness

sector

163.73.54.14.3

2.7282.530

.5

1.43.33.12.6

-1 .8

2.32.91.7

.6-1 .1

- . 71.3

.12.22.3

1.42.01.0

.9- . 8

.3

.3

.42.9

-1 .4__ 5

- 1 . 11.61.93.3

3.91.03.4

Nonfarmbusiness

sector

11

3.33.13.63.8

2.3192.229

- . 0

1.03.13.12.4

-2 .0

2.22.61.5

.7-1 .4

-".9.9.1

2.42.1

.81.9

.8

.9-1 .0

.0

.5

_ 5

2̂ 5-1 .7

.1

_ -j

171.92.5

3.71.73.0

Outputl

Busi-ness

sector

172.15.14.66.0

6.0522.2452.9

- . 52.96.46.2

-1 .8

- 1 . 95.85.65.52.0

-1 .61.9

- 2 . 34.18.2

3.62.84.14.31.7

.2-2 .2

2.61.8

-3 .6- 3 . 5

-6 .4.9

1.62.0

2.31.63.6

Nonfarmbusiness

sector

172.15.34.76.2

6.1542.2462.9

- . 62.96.56.4

- 1 . 9

-2 .05.95.65.82.0

-1 .71.6

-2 .44.48.2

3.42.84.14.41.7

.1-2 .2

2.21.6

-3 .7-3 .6

- 6 . 1.9

1.51.6

2.31.73.5

Hours of allpersons2

Busi-ness

sector

0 1-1 .6

1.6.5

1.6

3.223

- . 31 42.4

- 1 . 9- . 43.23.6

.1

-4 .12.83.84.93.1

- . 9.6

- 2 . 51.85.7

2.1.7

3.13.32.6

- . 0- 2 . 5

2.2- 1 . 1- 2 . 3-3 .0

- 5 . 3- . 7- . 3

- 1 . 3

- 1 . 5.6.2

Nonfarmbusiness

sector

06-1 .1

2.11.12.3

3.834

- . 01 72.9

-1 .6- . 33.33.9

.1

-4 .23.24.15.03.4

- . 8.7

-2 .42.06.0

2.5.9

3.33.52.7

.1-2 .6

2.8— 9

-2.\-3 .7

- 5 . 5- . 8- . 3- . 9

- 1 . 3.1.6

Compensation perhour3

Busi-ness

sector

433.94.73.85.2

3.8705.7827.3

7.66.46.38.79.9

10.09.18.08.89.8

10.79.47.63.74.2

4.54.93.54.33.4

5.64.9

5.8806.35.4

3.65.63.93.5

4.01.93.9

Nonfarmbusiness

sector

443.34.13.54.6

3.3605.8796.8

7.26.46.48.39.9

9.98.68.08.99.5

10.79.67.53.94.0

4.24.93.44.13.2

5.45.1

5.07.86.45.93.85.83.93.1

3.82.43.5

Real compensationper hour4

Busi-ness

sector

262.83.62.43.9

2.24 12.5381.7

1.71.93.02.3

- 1 . 0

.83.21.41.2

-1 .4

-2 .4- . 81.3

.5- . 1

.93.0

- . 1.1

-1 .4

.2

.7

-1 .23.8

- . 7-1 .4

.43.01.1

- . 0

1.1-1 .4

1.3

Nonfarmbusiness

sector

262.23.02.23.3

1.7302.6361.3

1.41.93.11.9

-1 .0

.72.71.41.2

-1 .6

-2 .4_ i

1.27

- . 3

.63.0

- . 2.0

- 1 . 5

- . 0.8

-1 .93.5

-.6- . 9

.63.21.2

- . 4

.9- . 9

.9

Unit labor costs

Busi-ness

sector

27.1

1.2- . 3

.9

1.14 13.1506.7

6.13.03.15.9

11.9

7.56.06.38.2

11.0

11.58.07.41.51.9

3.02.82.53.34.2

5.34.6

5.35.07.85.9

4.83.91.9

.2

.1

.9

.5

Nonfarmbusiness

sector

3301.0

- . 1.8

1.0393.5486.8

6.23.23.25.7

12.1

7.55.96.48.1

11.1

11.78.67.41.51.9

3.32.92.63.24.3

5.44.6

5.65.18.25.8

4.64.02.0

.6

.1

.8

.6

Implicdefla

Busi-ness

sector

15.5

2.0.8

1.1

2.5332.9444.7

4.34.93.86.19.5

10.05.86.58.09.1

9.710.1

5.83.44.1

3.32.22.63.64.4

4.13.8

4.24.74.24.2

4.83.22.31.6

2.62.4

- . 4

t pricetor5

Nonfarmbusiness

sector

1 5.6

2.1.9

1.4

2.2333.3454.6

4.55.03.54.5

10.2

10.46.36.87.68.9

10.410.1

6.14.03.5

3.72.42.63.64.2

4.24.0

4.24.74.54.8

4.92.72.72.2

2.42.5

- . 5

1 Output refers to gross domestic product originating in the sector in 1987 dollars.2 Hours at work 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.—Percent changes are based on original data and therefore may differ slightly from percent changes based on indexes in TableB-44.

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

399


PRODUCTION AND BUSINESS ACTIVITY

TABLE B-46.—Industrial production indexes, major industry divisions, 1947-92

[1987 = 100; monthly data seasonally adjusted]

Year or monthTotal

industrialproduction

100.022.723.622.325.828.029.131.629.933.735.135.633.337.338.138.441.644.047.051.756.357.560.763.561.462.268.373.872.766.372.478.282.685.784.185.781.984.992.894.495.3

100.0105.4108.1109.2107.1106.6105.7105.0105.5106.4107.3108.1108.0108.4108.4108.1107.4106.6107.2107.6108.1108.9108.5109.4109.1108.8109.3109.7

Manufacturing

Total

84.721.222.020.824.226.127.229.627.731.332.532.930.634.535.235.338.440.743.548.252.653.656.659.156.457.363.368.967.961.167.473.377.880.978.880.376.680.989.391.694.3

100.0105.8108.9109.9107.4107.0106.1105.2105.9106.6107.5108.3108.4108.9109.0108.6108.1107.4108.1108.5109.0109.9109.6110.2110.1109.7110.3110.8

Durable

47.319.920.818.923.025.927.531.127.431.332.432.628.532.833.332.736.338.741.447.152.352.955.557.753.353.159.366.264.856.762.668.773.978.375.777.472.776.888.491.893.9

100.0107.6110.9111.6107.1107.2106.1105.0106.0106.7107.3108.1107.8108.4108.2107.8107.1105.8107.0107.0107.6109.1108.5109.0109.2108.2109.2109.7

Nondur-able

37.522.623.423.025.626.426.928.028.231.332.933.533.737.138.039.141.543.846.649.852.954.658.161.161.163.669.372.772.367.774.680.183.584.683.184.582.587.090.891.594.9

100.0103.6106.4107.8107.9106.8106.0105.4105.9106.5107.6108.6109.0109.6110.1109.6109.5109.5109.6110.4110.7110.9111.0111.7111.3111.6111.6112.2

Mining

7.555.558.351.757.763.462.864.563.270.574.274.368.171.311173.175.278.281.484.488.990.694.197.8

100.497.899.9

100.8100.398.098.9

101.5104.6106.6110.0114.3109.3104.8111.9109.0101.0100.0101.8100.5102.6101.1101.7102.9101.5100.9100.2102.1102.7101.3101.4100.799.698.897.898.497.599.199.798.0

100.698.898.898.999.5

Utilities

1991 proportion1947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991:Jan

FebMar

fcJune

NovDec

1992:JanFebMar

May".'.!'.!'.June

JulyAugSeptOct "....Nov "....

7.811.713.013.915.818.119.621.322.925.628.130.031.434.536.939.041.944.848.751.755.658.463.168.772.976.481.384.583.584.387.689.992.795.395.994.391.893.697.099.596.3100.0104.4107.1108.0109.2107.6104.6106.4105.9111.4111.5110.9110.7109.7109.4111.0107.9106.8106.4107.7108.2107.3106.7109.3108.8109.1108.6107.9

Source: Board of Governors of the Federal Reserve System.

400


TABLE B-47.—Industrial production indexes, market groupings, 1947-92


Year or monthTotal

industrialproduction

Final products

Total

Consumer goods

Total

Auto-motiveprod-ucts

Otherdura-ble

goods

Non-durablegoods

Equipment

Total ' Busi-ness

De-fenseand

space

Inter-mediate

prod-ucts

Materials

Total Dura-ble

Non-durable

Ener-gy

1991 proportion19471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990....."19911991:Jan


1992: JanFebMarAprMayJuneJulyAugSeptOct p....Nov P....

100.022.723.622.325.828.029.131.629.933.735.135.633.337.3

38.138.441.644.047.051.756.357.560.763.561.462.268.373.872.766.372.478.282.685.784.185.781.984.992.894.495.3100.0105.4108.1

109.2107.1106.6105.7105.0105.5106.4107.3

108.1108.0108.4108.4108.1107.4

106.6107.2107.6108.1108.9108.5

109.4109.1108.8109.3109.7

47.120.821.520.9

23.525.427.329.127.629.831.632.531.034.0

35.135.438.440.642.947.151.653.756.358.1

56.056.561.365.965.761.866.271.676.179.0

80.082.180.883.091.094.295.7

100.0105.6109.1

110.9109.6

109.1108.3108.1108.7109.3110.1

110.2109.8110.4110.6110.6109.9

108.7109.4109.8110.6111.4110.5

111.0111.5111.0111.9112.2

26.125.426.226.1

29.729.430.131.931.735.436.737.637.240.9

42.443.346.248.851.555.558.459.863.465.8

65.068.874.377.675.272.379.485.188.487.3

85.385.884.588.892.893.796.8

100.0104.0106.7

107.3107.5

105.6104.7104.7105.5106.6108.0

108.3108.4109.4109.7110.0109.1

108.1108.8109.3110.1110.8109.6

110.4110.8110.3111.0111.3

2.321.722.622.5

28.325.022.528.426.535.228.930.324.130.2

34.631.638.341.943.954.153.947.456.456.7

47.760.865.672.462.659.073.284.086.378.5

59.559.257.571.986.692.795.2

100.0105.9106.9

102.397.8

90.688.188.994.297.4

100.4

102.398.6

106.5106.7103.6101.3

94.2101.6103.6106.5110.6108.0

106.6106.8104.5108.9109.2

3.122.823.822.0

30.426.226.229.627.332.233.933.231.336.0

36.237.340.543.747.754.159.660.464.769.0

66.970.881.085.779.369.878.287.491.289.8

85.186.378.186.294.690.693.9

100.0104.1108.7

109.4105.8

103.2100.7101.4103.4104.1107.3

108.1108.3108.7108.1108.0107.2

106.9108.3108.3109.1111.5110.2

110.3111.1108.7108.3108.7

20.827.027.727.9

30.331.332.633.533.936.538.840.141.344.1

45.547.049.251.454.056.359.062.064.566.7

67.869.774.276.576.574.980.484.487.887.7

89.189.689.791.993.494.497.6

100.0103.7106.4

107.6109.0

107.8107.3107.1107.2108.1109.0

109.0109.6109.8110.3111.1110.3

110.0109.8110.2110.7110.7109.7

110.8111.2111.3111.7112.0

21.015.015.814.1

15.321.225.527.624.224.727.128.225.227.7

28.528.131.333.135.039.646.149.050.451.8

48.145.049.355.056.852.053.858.864.271.0

74.678.277.076.889.294.894.5

100.0107.6112.3

115.5112.2

113.6112.9112.5112.8112.7112.8

112.8111.6111.8111.9111.4110.9

109.4110.2110.4111.3112.3111.6

111.8112.5111.9112.9113.4

15.814.715.313.4

14.317.519.820.618.119.622.723.619.922.4

23.022.324.325.528.532.637.838.640.342.9

41.339.344.852.454.748.850.656.763.171.5

73.576.172.971.985.491.193.2

100.0111.8119.1

123.1121.5

121.6120.6120.3121.3121.7121.9

122.5121.3122.2122.3121.8121.4

119.9121.0121.5123.0124.5124.1

124.4125.9125.3126.7127.4

4.67.58.89.2

10.826.537.244.639.335.935.136.736.838.8

39.940.646.950.649.054.363.772.772.969.4

58.752.851.350.149.448.549.249.249.551.5

57.458.565.771.878.989.496.0

100.098.097.4

97.391.1

94.494.593.992.591.591.0

90.089.889.189.188.888.1

86.786.285.684.784.283.6

82.781.881.080.579.7

14.222.423.622.4

26.127.427.229.129.032.934.434.433.637.1

37.438.140.442.745.548.451.453.556.659.6

58.760.567.671.969.462.669.074.979.181.2

77.077.075.180.386.288.392.0

100.0104.4106.8

107.7103.4

103.8102.6101.3101.2102.7104.0

104.0104.4104.3104.1103.9103.8

103.9104.0104.4103.9104.4104.4

105.1104.4104.0104.5104.8

38.625.126.223.9

28.631.632.135.632.938.939.939.935.941.4

42.042.045.848.752.658.763.963.367.571.5

69.070.077.284.582.872.681.287.391.895.4

91.392.885.188.396.696.695.9

100.0105.6107.4

107.8105.5

104.8103.9102.6103.4104.5105.4

107.0107.2107.5107.4106.6105.8

105.2105.8106.1106.8107.7107.6

109.0108.1108.0108.1108.6

19.421.522.119.8

24.928.328.933.829.235.735.835.830.135.9

36.335.539.442.145.952.657.955.959.262.3

56.556.864.273.371.259.368.475.381.485.3

79.382.173.479.292.192.993.7

100.0109.0111.6

111.8107.1

106.8105.5103.3104.9106.2106.7

108.2109.1109.3108.8108.6108.1

107.0108.1108.3108.7110.4110.2

111.2111.1110.1110.9111.3

8.9

25.228.930.230.129.934.2

34.836.239.241.645.249.653.654.559.964.9

65.268.074.980.480.871.981.486.789.792.9

88.790.582.189.293.091.794.4

100.0103.0105.3

106.0105.9

104.9103.6102.8103.1103.7104.9

108.1107.8108.3109.6107.7107.1

107.3107.1108.9109.4109.7110.4

111.7110.3110.5110.1111.8

10.4

52.759.362.763.458.862.3

63.163.665.869.772.575.880.683.487.291.7

96.297.1

100.8101.5

98.896.799.0

101.1102.2105.0

106.2104.3100.7

98.9103.8103.4

99.4100.0101.8101.4

102.1102.3

101.1101.1101.3101.1102.4103.4

104.1103 3103.6103.1102.2100.4

100.4100.5100.11013101.3100.6

102.9100.9102.2101.3101.1

1 Two components—oil and gas well drilling and manufactured homes—are included m total equipment, but not in detail shown.

Source. Board of Governors of the Federal Reserve System.

401


TABLE B-48.—Industrial production indexes, selected manufactures, 1947-92


Year or month

Durable manufactures

Primarymetals

TotalIronand

steel

Fabri-catedmetalprod-ucts

Non-elec-trical

machin-ery

Electri-cal

machin-ery

Transportationequipment

Total

Motorvehicles

andparts

Lumberand

prod-ucts

Nondurable manufactures

Apparelprod-ucts

Textilemill

prod-ucts

Printingand

publish-ing

Chem-icalsand

prod-ucts

Foods

1991 proportion.194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991

1991:JanFebMar

Jay'""!JuneJulyAugSeptOctNovDec

1992: JanFebMar

ZfZJuneJulyAugSeptOct"....Nov...

3.170.273.061.477.384.176.887.070.491.590.987.169.080.780.478.984.691.2102.9113.2120.2111.1115.1123.8115.2109.2122.4138.9134.5107.2119.9121.5130.7133.0110.8117.583.291.0102.4101.893.8100.0110.3109.2108.499.5

99.799.594.794.596.996.4101.2102.6102.3102.6103.5101.3102.5102.7101.4100.9102.0102.1105.6104.3102.0104.7104.8

1.8102.1106.8

91.2112.4125.7110.6127.5

99.1131.8129.3124.6

93.9108.1109.9104.9109.3119.1135.5148.7153.1141.5146.1159.2148.2135.5150.6171.5166.1133.5147.1145.1155.3156.5126.0135.1

86.296.1

105.S104.5

90.8100.0113.8109.3109.9

98.0

99.098.092.091.694.092.999.5

100.6100.8102.4105.6101.7105.0103.7102.5100.9102.2101.8106.4104.4103.0107.1107.6

5.037.538.234.442.245.144.049.644.751.051.853.147.653.453.452.156.758.562.168.373.176.580.681.975.975.682.992.188.476.784.992.796.299.592.591.183.285.593.394.593.8

100.0106.2107.2105.9100.4

101.799.197.898.099.199.8

100.9101.4101.9101.9101.8101.2

99.7100.5100.0100.6102.2102.2102.6102.5101.4102.0102.9

9.912.012.110.311.614.716.016.714.215.617.917.915.017.517.617.119.220.523.326.230.531.131.333.932.830.535.441.444.138.140.045.150.256.960.665.963.964.380.886.890.4

100.0113.8121.8126.5123.5

125.5124.5123.1123.5123.6123.4123.9123.3123.1123.5122.8121.9121.4121.9122.9124.1126.7126.4127.8129.3129.1130.4131.7

8.98.58.88.3

11.311.413.014.913.315.316.516.415.018.219.821.024.124.826.231.337.537.739.842.340.540.746.5.53.052.445.150.758.464.071.373.375.475.980.394.193.194.3

100.0106.5109.5111.4110.1

107.6108.2108.6109.7110.6111.5111.0111.5111.0109.8110.7110.6110.0110.7110.9111.0112.3112.2112.6113.0111.9112.5113.0

9.019.621.421.525.728.733.341.836.441.940.643.534.338.940.337.843.748.049.258.562.761.366.666.155.560.164.173.066.459.768.073.779.581.072.368.764.872.783.191.896.9

100.0105.0107.2105.5

98.6

97.695.595.097.298.299.7

101.399.0

102.2102.4

99.798.093.896.896.598.099.698.296.797.095.697.496.9

3.927.329.630.439.035.830.738.733.344.636.238.028.036.441.136.043.948.649.963.762.655.166.066.353.366.973.085.073.462.281.994.799.291.067.064.458.874.590.699.098.5

100.0105.5104.9

96.890.4

83.079.479.886.289.892.596.791.699.5

100.495.994.687.193.894.298.5

102.7100.4

97.799.497.2

101.4102.1

1.838.840.435.743.443.242.745.144.850.149.545.446.152.349.351.654.456.961.163.565.965.367.267.166.768.578.478.771.466.575.682.383.682.476.974.767.379.986.088.095.1

100.0104.6103.0101.6

94.2

94.291.591.292.792.596.794.895.395.293.896.495.297.498.899.297.297.495.499.898.996.398.2

101.2

2.143.145.044.547.947.049.550.149.554.756.055.854.359.760.961.363.866.468.772.674.574.176.078.475.376.280.981.577.971.183.991.693.9

• 89.089.291.090.193.895.792.696.3

100.0102.2104.3

98.896.2

92.993.192.593.295.296.297.898.398.198.798.899.097.597.797.898.099.098.199.497.697.697.597.9

1.735.237.734.839.639.238.939.937.342.543.741.641.146.445.646.950.151.956.061.064.764.872.376.074.478.586.089.681.577.786.391.692.095.092.189.483.093.293.789.793.9

100.099.8

101.9100.8100.5

94.094.395.497.299.2

101.7104.2104.7103.2105.5104.4102.5103.1104.7105.3106.3106.8105.3107.1106.1105.9104.1105.7

6.722.123.223.824.925.425.326.527.630.332.333.432.634.836.236.437.739.742.144.848.350.951.754.252.753.256.758.357.453.758.764.368.169.970.372.175.279.084.587.690.7

100.0103.6108.5111.9112.3

112.1110.9101.4110.7110.6111.2111.9112.3113.3114.4114.2114.5114.8114.4113.8113.7113.4113.0112.3111.4113.1112.6111.6

8.79.49.3

11.613.113.714.815.017.618.919.920.624.024.926.129.031.734.838.742.244.249.653.755.959.566.973.175.869.177.383.388.091.387.889.281.887.591.491.494.6

100.0105.4108.5110.3110.9

110.1109.1108.2109.0109.2109.6111.5112.3112.6113.5113.0112.6112.7113.4114.8115.8117.0117.5118.0117.6118.1118.4119.6

8.933.132.833.134.335.035.736.437.239.341.542.243.245.446.647.949.551.253.654.856.959.461.063.064.066.069.570.971.971.475.579.081.882.684.686.587.790.192.194.997.4

100.0102.8105.5107.6108.6

108.3107.6107.4107.6107.8108.6108.3108.7109.5109.4110.1109.6109.2109.6110.2109.6109.3109.0109.8110.6110.0110.9111.2


402


TABLE B-49.—Capacity utilization rates, 1948-92


Year or month

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984. . ..

1985198619871988198919901991



1992-JanFebMarAprMayJune

JulyAugSeptOct p

Nov"

Totalindustry

86 486.886 9

80.879.284.388.484.2

74.679.383.385.586.2

82.180.975.075.881.1

80.379.281.484.084.283.079.4

80.079.178.478.679.179.6

80.079.879.979.879.378.7

78.078.378.478.779.178.6

79 178 878.578 778.9

Total

82.574 2

82.885 885.489 380.1

87.086 183.675.081.6

80 177.381483.585.6

89 591187 287.286 8

79.778.283.788.183.8

73.278.582.885.185.4

80.278.872.874.980.4

79.579.081.483.983.982.378.2

78.978.077.277.577.878.3

78.778.678.878.778.277.7

77.077.477.577.778.277.8

78.177 977.411177.9

Durablegoods

87 186.886 3

76.774.380.987.582.7

70.275.480.383.584.9

78.676.669.070.578.3

77.876.178.682.582.881 175.8

76.875.874.975.475.776.0

76.476.076.275.975.574.8

73.874.574.374.675.575.0

75.275 274.475 075.2

Manufacturing

Non-durablegoods

86.386.686.6

82.982.886.687.584.0

76.481.885.286.285.1

81.481.078.081.183.1

81.983.085.486.085.5

83.981.5

81.881.080.380.580.781.4

82.082.182.382.481.981.6

81.481.381.7

• 81.881.881.6

82.081681.681481.7

Primaryprocessing

87.376 2

88.590 284.989.480.6

92.089 484.775.483.0

79.877.981 583.887.8

91 091485.486.386.9

80.479.386.491.586.0

72.980.184.086.386.4

78.078.069.074.880.4

79.880.884.987.887.0

84.980.1

80.679.577.978.279.079.9

81.181.281.381.480.880.2

80.280.480.881.181.581.4

82.781781.381682.4

Advancedprocessing

80.073 2

79.883.485.989 380.0

84.284 483.174.981.1

80.577.281.683.484.6

88 891 188.087.486.5

79.177.482.586.582.8

73.577.881.984.384.8

81.379.174.674.980.3

79.478.279.982.382.7

81.277.4

78.277.476.877.377.377.6

77.877.511.177.677.176.6

75.776.176.176.376.876.3

76.276 375.976.276.2

Mining

81.283.586.6

88.987.490.492.592.5

89.990.090.991.391.9

94.094.686.579.984.4

82.978.280.084.685.9

89.488.5

89.590.489.088.387.689.2

89.688.588.587.986.886.2

85.385.784.986.386.985.4

87.686.186.186.286.7

Utilities

93.494.195.8

95.493.994.692.986.8

84.084.884.684.885.9

85.582.879.580.382.5

83.580.282.584.285.4

85.284.7

84.181.683.082.686.786.7

86.285.985.184.885.983.4

82.682.283.183.482.782.1

84.183.683.883.382.8

1 Output as percent of capacity.Source: Board of Governors of the Federal Reserve System.

403


TABLE B-50.—New construction activity, 1929-92

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

Year or month

Totalnew

construc-tion

Private construction

Total

Residentialbuildings2

Total2New

housingunits

Nonresidential buildings and otherconstruction1

TotalCom-mer-cial3

Indus-trial Other4

Public construction

Total Federal State andlocal5

192919331939

19401941194219431944

19451946

New series

194719481949

1950195119521953' 1954

19551956195719581959

1960196119621963

New series

1964

196519661967....19681969

19701971197219731974

1975 ,...1976197719781979

19801981198219831984

19851986198719881989

19901991

10.82.98.2

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

54.756.460.264.8

72.1

78.081.283.092.499.8

100.7117.3133.3146.8147.5

145.6165.4193.1230.2259.8

259.7272.0260.6294.9348.8

377.4407.7419.4432.3443.4

442.1401.0

8.31.24.4

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

38.939.342.345.5

51.9

56.157.457.665.072.0

72.887.6

103.3114.5109.3

102.3121.5150.0180.0203.2

196.1207.3197.5231.5278.6

299.5323.1328.7337.5345.3

334.2290.7

3.6.5

2.7

3.03.51.7.9

1.36.2

9.913.112.4

18.115.915.816.618.2

21.920.219.019.824.3

23.023.125.227.9

30.5

30.228.628.734.237.2

35.948.560.765.156.0

51.668.392.0

109.8116.4

100.499.284.7

125.5153.8

158.5187.1194.7198.1196.6

182.9157.8

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

17.317.119.421.7

24.1

23.821.821.526.729.2

27.138.750.154.643.4

36.350.872.285.689.3

69.669.457.094.6

113.8

114.7133.2139.9138.9139.2

128.0110.6

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

15.916.217.217.6

21.4

25.828.828.830.834.8

37.039.142.649.453.4

50.753.258.070.286.8

95.7108.0112.9106.0124.8

141.1136.0134.1139.4148.8

151.3132.9

1.01.41.2

1.41.51.11.82.2

3.23.63.63.63.9

4.24.75.15.0

6.8

8.18.18.09.0

10.8

11.213.115.718.118.1

14.314.116.420.628.3

34.640.244.143.959.1

72.669.568.971.573.9

72.554.8

0.9.2.3

1.71.41.0

1.12.12.32.22.0

2.43.13.62.42.1

2.92.82.82.9

3.6

5.16.66.06.06.8

6.65.54.86.48.1

8.37.48.0

11.515.6

14.618.018.513.814.8

17.114.915.016.520.4

23.822.3

2.6.5

1.2

1.31.51.2

.91.1

1.33.0

4.25.55.9

6.16.76.87.37.2

7.38.09.08.89.0

8.98.79.29.7

11.0

12.614.114.915.817.2

19.220.522.124.927.2

28.231.633.738.242.8

46.649.850.248.250.8

51.351.650.151.554.5

54.955.8

2.51.63.8

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

15.917.117.919.4

20.2

21.923.825.427.427.8

27.929.730.032.338.1

43.344.043.150.156.6

63.664.763.163.570.2

77.884.690.694.898.1

107.9110.2

0.2.5

1.23.89.35.62.5

1.7.9

1.21.5

1.63.04.24.13.4

2.82.73.03.43.7

3.63.93.94.0

3.7

3.93.83.33.23.2

3.13.84.24.75.1

6.16.87.18.18.6

9.610.410.010.611.2

12.012.414.112.312.2

12.112.9

2.31.13.1

2.42.01.3

.7

.6

.71.4

2.53.54.8

5.26.36.67.18.3

8.910.011.112.112.3

12.213.314.015.4

16.5

18.020.022.124.224.6

24.825.925.827.633.0

37.237.236.042.048.1

54.054.353.152.959.0

65.872.276.682.585.9

95.897.3


404


TABLE B-50.—New construction activity, 1929-92—Continued

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

Year or month




JulyAugSeptOct"Nov"

Totalnew

construc-tion

400.4403.8397.2403.3396.0394.3

397.0404.8406.0406.1401.2398.7

407.1411.8421.5427.6428.0426.7

425.7419.6429.3432.8441.8

Private construction

Total

298.8295.1286.8294.2286.1286.3

287.7291.8293.6291.7288.3287.4

292.5294.8301.1309.8307.0312.2

305.8302.0308.8314.4319.6

Residentialbuildingsx

Total2

157.4151.8149.4148.3151.7154.9

157.0161.5164.2164.7164.5164.1

169.5169.8172.7182.6182.9184.6

181.2184.2186.3190.8193.5

Newhousing

units

107.4103.4101.5101.2104.6107.7

110.0114.4117.1117.5118.0118.3

122.0123.3125.9128.8128.1128.7

126.9129.1131.4135.1138.3

Nonresidential buildings and otherconstruction 1

Total

141.3143.3137.4146.0134.3131.4

130.7130.3129.5127.0123.9123.3

123.0125.0128.5127.2124.1127.6

124.7117.8122.5123.7126.2

Com-mer-cial3

64.063.359.463.257.954.5

53.552.552.349.045.944.9

44.545.045.444.642.646.5

42.940.142.244.244.4

Indus-trial

23.424.423.425.921.421.2

21.321.420.721.121.622.4

21.321.723.721.321.020.3

20.617.919.018.619.0

Other4

53.955.754.556.955.155.8

55.956.356.556.956.456.0

57.258.359.461.260.560.7

61.259.861.260.862.8

Public construction

Total

101.7108.6110.4109.0110.0107.9

109.3113.1112.4114.4112.9111.4

114.6117.0120.4117.8121.0114.5

119.9117.6120.5118.4122.2

Federal

10.810.711.813.212.712.9

12.613.614.713.715.013.8

14.314.114.914.214.414.6

14.813.816.415.115.8

State andlocal5

90.897.998.695.897.395.0

96.799.597.7

100.797.997.5

100.3102.9105.5103.5106.5100.0

105.0103.8104.0103.3106.3

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

2 Includes residential improvements, not shown separately. Prior to 1964, also includes nonhousekeeping units (hotels, motels, etc.).3 Office buildings, warehouses, stores, restaurants, garages, etc., and, beginning 1964, hotels and motels; prior to 1964 hotels and

motels are included in total residential.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities

(telecommunications, gas, electric, railroad, and petroleum pipelines), and all other private.5 Includes Federal grants-in-aid for State and local projects.


41)5


TABLE B-51.—Nav housing units started and authorized, 1959-92

[Thousands of units]

Year or month

195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991

1991: JanFebMar

May"!!!!!!!!!!!!!!!!!!!'June


1992:JanFebMar

May"!!!!!!!!!!!!!!!!!!!!June

JulyAugSeptOct p

N o v "

New housing units started

Private and public'

Total(farm andnonfarm)

1,553.71,296.11,365.01,492.51,634.91,561.01,509.71,195.81,321.91,545.41,499.51,469.02,084.52,378.52,057.51,352.51,171.41,547.62,001.72,036.11,760.01,312.61,100.31,072.11,712.51,755.81,745.01,807.11,622.7

( 4 )( 4 )( 4 )

Nonfarm

1,531.31,274.01,336.81,468.71,614.81,534.01,487.51,172.81,298.81,521.41,482.3

(;

( :

Private (farm and nonfarm)>

Total

1,517.01,252.21,313.01,462.91,603.21,528.81,472.81,164.91,291.61,507.61,466.81,433.62,052.22,356.62,045.31,337.71,160.41,537.51,987.12,020.31,745.11,292.21,084.21,062.21,703.01,749.51,741.81,805.41,620.51,488.11,376.11,192.71,013.9

Type of structure

1 unit

1,234.0994.7974.3991.4

1,012.4970.5963.7778.6843.9899.4810.6812.9

1,151.01,309.21,132.0

888.1892.2

1,162.41,450.91,433.31,194.1

852.2705.4662.6

1,067.61,084.21,072.41,179.41,146.41,081.31,003.3

894.8840.4

2 to 4units

5 unitsor more

283.0257.4338.7471.5590.8

108.486.661.171.680.985.084.8

120.3141.3118.368.164.085.9

121.7125.0122.0109.591.180.0

113.5121.493.484.065.358.855.237.535.6

450.0422.5325.1376.1527.3571.2535.9780.9906.2795.0381.6204.3289.2414.4462.0429.0330.5287.7319.6522.0544.0576.1542.0408.7348.0317.6260.4137.9

New private housing units authorized 2

Total

1,208.3998.0

1,064.21,186.61,334.71,285.81,239.8

971.91,141.01,353.41,323.71,351.51,924.62,218.91,819.51,074.4

939.21,296.21,690.01,800.51,551.81,190.6

985.51,000.51,605.21,681.81,733.31,769.41,534.81,455.61,338.41,110.8

948.8

Type of structure

1 unit

938.3746.1722.8716.2750.2720.1709.9563.2650.6694.7625.9646.8906.1

1,033.1882.1643.8675.5893.6

1,126.11,182.6

981.5710.4564.3546.4901.5922.4956.6

1,077.61,024.4

993.8931.7793.9753.5

2 to 4units

Seasonally adjusted annual rates

77.164.667.687.1

118.9100.884.861.073.084.385.288.1

132.9148.6117.064.363.993.1

121.3130.6125.4114.5101.888.3

133.6142.6120.1108.489.375.767.054.343.1

5 unitsor more

192.9187.4273.8383.3465.6464.9445.1347.7417.5574.4612.7616.7885.7

1,037.2820.5366.2199.8309.5442.7487.3444.8365.7319.4365.8570.1616.8656.6583.5421.1386.1339.8262.6152.1

8441,008918978983

1,0361,0531,0531,0201,0851,0851,1181,1801,2571,3401,0861,1961,1471,1001,2331,2221,2241,242

644803751802830870881881864887907972989

1,1091,068933

1,019999956

1,0421,0511,0861,100

3036273236264641284933462824532733402532271933

170169140144117140126131128149145100163124219126144108119159144119109

801857918913988956971940974994979

1,0731,1061,1461,0941,0581,0541,0321,0801,0761,1251,1391,126

597682704740761759782764782788792873913946907873879872879877913959955

4042464640493943434146434744414446484253475049

164133168127187148150133149165141157146156146141129112159146165130122

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 1970.4 Series discontinued December 1988.


406


TABLE B-52.—Business expenditures for new plant and equipment, 1947-93


Year or quarter

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

199019911992 5

1993 5

1991:1IIIllIV

1992:1IIIllIV5

1993: I 5

II5

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

142.42158.44184.82216.81255.26

286.40324.73326.19321.16373.83

410.12399.36410.52455.49507.40

532.61528.39547.39576.55

534.27525.02526.59529.87

535.72540.91547.53565.40

576.07591.20

Industries surveyed quarterly

Manufacturing

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

53.6658.5367.4878.1395.13

112.60128.68123.97117.35139.61

152.88137.95141.06163.45183.80

192.61182.81173.48182.57

190 83186.52177.48179.06

173.98171.78172.23175 93

183.93185.40

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

25.3727.5032.7739.0247.72

54.8258.9354.5851.6164.57

70.8765.6868.0377.0482.56

82.5877.6474.0776.08

80 9979.3174.9476.40

74.1974.2671.8475 98

77.3075.87

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

28.2831.0334.7139.1047.41

57.7769.7569.3965.7475.04

82.0172.2873.0386.41

101.24

110.04105.1799.41

106.49

109 84107.20102.55102.66

99.7997.52

100.3999 95

106.63109.52

Total2

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

117.34138.69160.13

173.80196.06202.22203.82234.22

257.24261.40269.46292.04323.60

339.99345.58373.91393.97

343 44338.50349.10350.81

361.73369.13375.30389 48

392.14405.80

Nonmanufacturing

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

10.5511.05

12.7115.8114.1110.6411.86

12.008.158.289.299.21

9.8810.029.259.97

9 9410.0810.099.99

8.879.189.099 87

10.9710.36

Trans-porta-tion

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

9.9511.1012.2012.0713.91

13.5612.6711.7510.8113.44

14.5715.0515.0716.6318.84

21.4722.6623.6523.75

22 9822.8722.5622.29

21.8823.5124.6924 54

23.4726.77

Publicutili-ties

1.642.673.28

3.423.753.964.614.23

4.264.785.955.745.46

5.405.205.125.335.80

6.497.829.33

10.5211.70

13.0314.7016.2617.9919.96

20.2322.9027.8332.1037.53

41.3247.1753.5852.9557.53

59.5856.6156.2660.3766.28

67.2166.5772.1979.83

67 0165.0966.5267.42

68.8172.6371.6675 65

77.7079.62

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

20.6023.1123.2225.2228.77

32.7135.5241.6948.3953.49

52.4758.2967.5183.9697.64

106.21120.41122.79129.41151.39

171.09181.59189.84205.76229.28

241.43246.32268.81280.43

243 51240.46249.94251.11

262.17263.80269.86279 42

280.00289.05

Totalnon-farmbusi-

ness 3

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

162.60179.91208.15244.40285.24

318.08358.77363.08359.73418.38

454.93447.11461.51508.22563.93

591.96587.93

fac-tur-ing

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

53.6658.5367.4878.1395.13

112.60128.68123.97117.35139.61

152.88137.95141.06163.45183.80

192.61182.81173.48182.57

190 83186.52177.48179.06

173 98171.78172.23175 93

183 93185.40

\ddenda

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

108.95121.38140.67166.27190.11

205.48230.09239.11242.38278.77

302.05309.16320.45344.77380.13

399.34405.12

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

117.34138.69160.13

173.80196.06202.22203.82234.22

257.24261.40269.46292.04323.60

339.99345.58373.91393.97

343 44338.50349.10350.81

361.73369.13375.30389.48

392.14405.80

Sur-veyedannu-ally4

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

44.8147.7550.9952.7356.53

59.3559.54

1 These industries accounted for 90 percent of total nonfarm spending in 1991.2 Excludes forestry, fisheries, and agricultural services; professional services; social services and membership organizations; and real

estate, which, effective with the April-May 1984 survey, are no longer surveyed quarterly. See last column ("nonmanufacturing surveyedannually") for data for these industries.

3 "All industries" plus the part of nonmanufacturing that is surveyed annually.4 Consists of forestry, fisheries, and agricultural services; professional services; social services and membership organizations; and

real estate.5 Planned capital expenditures as reported by business in October and November 1992, corrected for biases.


407


TABLE B-53.—Manufacturing and trade sales and inventories, 1950-92

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

Year or month

Total manufacturing andtrade

Sales'Inven-

tories 2 Ratio'

Manufac-turing

Sales' Inven-tories2 Ratio3

Merchantwholesalers

Sales] Inven-tories2 Ratio3

Retailtrade

Sales'Inven-

tories2 Ratio3

1950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991: Jan

FebMar

fc=JuneJulyAugSeptOctNovDec

1992: JanFebMar

fcJuneJulyAugSeptOct pNov "

38,59643,35644,84047,98746,44351,69454,06355,87954,20159,72960,82761,15965,66268,99573,68280,28387,18790,91898,794105,812108,352117,023131,227153,881178,201182,412204,386229,786260,755298,328328,112356,909348,771370,501411,427423,940431,786459,107496,334522,344540,788533,838526,917527,778521,823530,940535,424534,831538,852536,825538,952540,772540,029531,919536,977544,017545,424547,081546,145554,363559,701552,480558,745560,866

59,82270,24272,37776,12273,17579,51687,30489,05287,05592,09794,71995,580101,049105,463111,504120,929136,824145,681156,611170,400178,594188,991203,227234,406287,144288,992318,345350,706400,929452,636510,124547,169575,486591,858651,527665,837664,654711,745767,387813,018835,985828,184840,981838,491829,818828,508824,177820,671819,898819,684822,418824,342825,156828,184824,150824,609826,204828,630828,032831,872835,373836,972835,457835,819

1.361.551.581.581.601.471.551.591.611.541.561.561.541.531.511.511.571.601.591.611.651.611.551.521.611.581.561.531.541.521.551.531.671.561.531.551.551.501.501.531.531.551.601.591.591.561.541.531.521.531.531.521.531.561.531.521.511.511.521.501.491.511.501.49

18,63421,71422,52924,84323,35526,48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544,87046,48650,22953,50152,80555,90663,02772,93184,79086,58998,797113,201126,905143,936154,391168,129163,351172,547190,682194,538194,657206,326223,541232,724239,459235,142232,505231,250225,473233,029235,653234,907237,616237,844238,836240,912240,980232,730233,247237,898240,684241,749241,479247,252247,216241,014245,838244,391246,962

31,07839,30641,13643,94841,61245,06950,64251,87150,20352,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145101,599102,567108,121124,499157,625159,708174,636188,378211,689242,153265,213283,401311,834312,362339,492334,801322,699338,095367,396386,784398,851386,043398,901398,563396,329395,738392,533391,038388,774387,900389,552388,555388,279386,043384,434383,255383,239382,206383,286382,854383,491385,596384,390383,708381,772

1.481.661.781.761.811.621.731.801.841.751.741.771.741.711.701.661.741.821.801.831.921.831.721.711.861.841.771.661.671.681.721.691.951.781.731.731.681.591.581.641.651.671.721.721.761.701.671.661.641.631.631.611.611.661.651.611.591.581.591.551.551.601.561.571.55

7,6958,5978,7829,0528,9939,89310,51310,47510,25711,49111,65611,98812,67413,38214,52915,61116,98719,67521,12122,94024,29826,61930,01138,31948,27146,84850,93456,40966,84979,67893,977102,26796,357100,440113,502114,816116,326124,340135,254144,039149,204145,135144,931144,118142,728144,902145,085145,255146,576145,214146,045145,396145,075144,909145,922146,366146,867146,947145,555148,129151,701150,467150,736151,295151,884

9,2849,88610,21010,68610,63711,67813,26012,73012,73913,87914,12014,48814,93616,04817,00018,31720,76525,78627,16629,80033,35436,56840,29746,91858,66757,77464,62273,17986,93499,679123,833131,049129,024131,663144,223149,155155,445165,814180,717188,635196,917198,979199,781199,642197,863196,593195,308194,470195,421195,607194,386195,776195,998198,979198,730199,416198,677198,432197,397200,205200,500201,074199,925201,713203,582

1.071.161.121.171.181.131.191.231.241.211.211.211.181.201.171.171.221.311.291.301.371.371.341.221.221.231.271.301.301.251.321.281.361.281.231.281.321.291.301.281.291.361.381.391.391.361.351.341.331.351.331.351.351.371.361.361.351.351.361.351.321.341.331.331.34

12,26813,04613,52914,09114,09515,32115,81116,66716,69617,95118,29418,24919,63020,55621,82323,67725,33024,75727,44529,37131,24934,49738,18942,63145,14148,97554,65560,17667,00274,71379,74386,51489,06297,514107,243114,586120,803128,442137,539145,580152,126153,562149,481152,410153,622153,009154,686154,669154,660153,767154,071154,464153,974154,280157,808159,753157,873158,385159,111158,982160,784160,999162,171165,180

19,46021,05021,03121,48820,92622,76923,40224,45124,11325,30526,81326,22127,94129,38631,09434,40538,07335,24938,88542,45543,64149,85654,80962,98970,85271,51079,08789,149102,306110,804121,078132,719134,628147,833167,812181,881186,510207,836219,274237,599240,217243,162242,299240,286235,626236,177236,336235,163235,703236,177238,480240,011240,879243,162240,986241,938244,288247,992247,349248,813251,382250,302251,142250,398

1.381.641.521.531.511.431.471.441.441.411.471.441.421.431.421.451.501.421.421.451.401.451.441.481.571.461.451.481.531.481.521.531.491.441.491.521.561.551.551.591.571.551.621.581.531.541.531.521.521.541.551.551.561.581.531.511.551.571.551.571.561.551.551.52

1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Inventories beginning January 1982 for manufacturing and December 1980 for wholesale and

retail trade are not comparable with earlier periods.3 Inventory/sales ratio. Annual data are: beginning 1982, averages of monthly ratios; for 1958-81, ratio of December inventories to

monthly average sales for the year; and for earlier years, weighted averages. Monthly data are ratio of inventories at end of month tosales for month.

Note.—Earlier data are not strictly comparable with data beginning 1958 for manufacturing and beginning 1967 for wholesale andretail trade.


408


TABLE B-54.—Manufacturers' shipments and inventories, 1950-92

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

1950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991: Jan

FebMarAprMayJune....JulyAugSept....OctNovDec

1992:JanFebMarAprMayJune....JulyAugSept....Oct"...Nov "...

Shipments'

Total

18,6342171422,52924 84323,35526 48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544 87046,48650 22953,501

52,80555,90663,02772 93184,79086,58998,797113,201126,905143,936154,391168,129163,351172,547190,682194,538194,657206,326223,541232,724239,459235,142232,505231,250255,473223,029235,653234,907237,616237,844238,836240,912240,980232,730233,247237,898240,684241,749241,479247,252247,216241,014245,838244,391246,962

Dura-ble

goodsindus-tries

8,84510 49311,31313 34911,82814 07114,71515,23713,55315,59715,87015,60117,24718,25519,61122,19324 61725,23327 62429,40328,15629,92433,98739 63544,17343,59850,62359,16867,73175,92777,41983,72779,21285,48197,940101,279103,238108,128117,993121,703122,387118,548115,648115,283111,617117,640118,439118,904120,222121,021121,958122,771122,814116,869118,698121,991123,503123,483122,344125,831124,789123,364125,346125,162127,556L

Non-durablegoodsindus-tries

9 789li 22111,2161149411,52712 40913,02513,49913,69514,68915,00815,32116,11116,80317,72018,80220 25321,25322 60524,09824,64925,98229,04033 29640,61742,99148,17454,03359,17468,00976,97284,40284,13987,06692,74293,25991,41998,198105,549111,022117,072116,593116,857115,967113,856115,389117,214116,003117,394116,823116,878118,141118,166115,861114,549115,907117,181118,266119,135121,421122,427117,650120,492119,229119,406

Total

31,07839 3064113643 94841,61245 06950,64251,87150,20352,91353,78654,87158,17260,02963,41068,20777 98684,64690 56098,145

101,599102,567108,121124 499157,625159,708174,636188,378211,689242,153265,213283,401311,834312,362339,492334,801322,699338,095367,396386,784398,851386,043398,901398,563396,329395,738392,533391,038388,774387,900389,552388,555388,279386,043384,434383,255383,239382,206383,286382,854383,491385,596384,390383,708381,772

Inventories2

Durable goods industries

Total

15,53920 99123,73125 87823,71026 40530,44731,72830,19432,01232,33732,49634,56535,77638,42142,18949 85254,89658 73264,598

66,65166,13670,06781192101,493102,590111,988120,877138,176160,728174,783186,429200,423199,831221,304218,211212,027220,786241,356255,911259,746246,966259,208259,195257,407256,693254,099252,919251,459250,520251,319249,738249,202246,966245,754244,395243,787242,512242,447241,891241,258242,036240,550239,390237,735

Mate-rialsand

supplies

8 9667,894919410,41710,6089,97010,70910,30610,24610,79411,05311,94613,29815 46416,42317 34418,636

19,14919,67920,80725 94435,07033,90337,45740,18645,20252,67555,17557,99959,13460,32166,02564,00461,40763,60269,34871,86972,69767,64572,69572,54071,73970,99170,27169,30568,76968,81668,77368,56268,26467,64567,56667,00266,54266,53566,73567,30466,80067,30467,29666,32766,104

Workin

proc-ess

10 7209,72110 75612,31712,83712,40813,08612,80913,21114,12414,83516,15818,0552190824,93327 21330,282

29,74528,55030,71335 49042,53043,22746,07450,22658,83969,31676,93780,99086,69886,89298,24798,09496,954102,369112,420121,954122,564117,575122,542122,411122,024121,490120,707121,110120,484119,452120,114118,868118,751117,575116,593115,848115,330114,004113,727112,540111,644111,741110,652111,129109,939

Finishedgoods

6 2066,0406 3487,5658,1257,8168,2179,2229,0399,6479,88810,31710,83612 48013,5401417515,68017,75717,90718,54719 75823,89325,46028,45730,46534,13538,73742,67147,44054,59152,61857,03256,11353,66654,81559,58862,08864,48561,74663,97164,24463,64464,21263,12162,50462,20662,25262,43262,30862,18761,74661,59561,54561,91561,97361,98562,04762,81462,99162,60261,93461,692

Nondurable goods industries

Total

15,53918 31517,40518 07017,90218 66420,19520,14320,00920,90121,44922,37523,60724,25324,98926,01828 13429,7503182833,547

34,94836,43138,05443 30756,13257,11862,64867,50173,51381,42590,43096,972111,411112,531118,188116,590110,672117,309126,040130,873139,105139,077139,693139,368138,922139,045138,434138,119137,315137,380138,233138,817139,077139,077138,680138,860139,452139,694140,839140,963142,233143,560143,840144,318144,037

Mate-rialsand

supplies

8 3178,1678 5568,9718,7758,6769,0949,0979,5059,83610,00910,16710,4871119711,76012 32812,753

13,16813,68614,6771814723,74423,56525,84727,38729,62032,81436,60738,16744,04244,82245,69744,09542,32345,30249,04649,64351,60351,89052,20851,83451,81951,72151,54551,55751,71151,41651,50851,81151,44051,89051,60851,55551,75051,88052,06052,52852,96252,78252,91452,83852,396

Workin

proc-ess

2 4722,4402 5712,7212,8642,8272,9422,9473,1083,3043,4203,5313,8254 2264,4314 8525,1205,2715,6785,9986 7298,1898,8349,92910,96112,08413,91115,88616,19418,61318,69619,33119,45118,12519,27520,44021,24822,43422,00222,01421,95821,60221,91921,86722,02021,86421,94022,38322,44922,10122,00222,21822,35222,37422,57822,61122,64522,64322,95723,07522,96322,898

Finishedgoods

7 4097,4157 6668,6228,6248,5068,8659,4059,76210,46710,82411,29111,70612 71113,55914 64815,674

16,50917,06717,37918 43124,19924,71926,87229,15331,80934,70037,93742,61148,75649,01353,16053,04450,22452,73256,55459,98265,06865,18565,47165,57665,50165,40565,02264,54263,74064,02464,34264,55765,53665,18564,85464,95365,32865,23665,16865,79066,62867,82167,85168,51768,743

L1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Data beginning 1982 are not comparable with data for prior periods.

Note.—Data beginning 1958 are not strictly comparable with earlier data.


409


TABLE B-55.—Manufacturers' new and unfilled orders, 1950-92

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

Year or month

195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988.1989199019911991: Jan....

FebMar....AprMay....June...

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

1992: Jan....FebMar...AprMay....June..July....Aug...Sept..Oct p.,Nov *.

New orders »

Total

20,11023,90723,20423,58622,33527,46528,36827,55927,19330,71130,23231,11233,44035,51138,24042,13746,42047,06750,65753,99052,02255,92164,18276,00387,32785,13999,513

115,109131,629147,604156,359168,025162,140175,451192,879195,706195,204209,389227,026235,905240,417233,774233,014231,894222,922229,280234,047229,219244,580239,750233,703238,542238,679229,925232,467233,388237,606240,771238,696244,542242,307236,880239,951244,777242,556

Durable goodsindustries

Total

10,16512,84112,06112,14710,76814,99615,36514,11113,38715,97915,28815,75317,36318,67120,50723,28626,16325,80328,05129,87627,34029,90535,03842,62746,86241,95751,30761,03572,27879,48379,39283,65478,06488,140100,164102,356103,647110,809121,445124,906123,324117,063116,327116,021109,017113,934115,987113,478127,153122,630116,528120,227120,343113,921118,011117,750120,187122,393119,808123,164119,861119,376119,801125,30212297£

Capitalgoodsindus-tries,non-

defense

6,3147,0466,0726,6827,7459,92611,5949,88611,49013,68117,58821,15421,13521,80619,21319,62423,66924,54523,98326,09530,72932,72532,22729,86232,34931,93830,54827,20726,61627,55934,98129,46328,76229,45333,06626,96930,09329,46332,16329,90130,46930,95329,29628,15330,57131,66528,651

Non-durable

fustries

9,94511,06611,14311,43911,56612,46913,00313,44813,80514,73214,94415,35916,07816,84017,73218,85120,25821,26522,60624,11424,68226,01629,14433,37640,46543,18148,20654,07359,35168,12176,96784,37184,07787,31192,71593,35191,55798,579105,581110,999117,093116,712116,687115,873113,905115,346118,060115,741117,427117,120117,175118,315118,336116,004114,456115,638117,419118,378118,888121,378122,446117,504120,150119,475119,578

Unfilled orders2

Total

41,45667,26675,85761,17848,26660,00467,37553,18346,60951,71744,21346,62447,79853,41764,51878,24996,846103,711108,377114,341

105,008105,247119,349156,561187,043169,546178,128202,022259,169303,593327,414326,550311,889347,272373,524387,087393,403430,287471,942510,112521,811505,631522,320522,964520,413516,664515,058509,370516,334518,240513,107510,737508,436505,631504,851500,341497,263496,285493,502490,792485,883481,749475,862476,248471,842

Durablegoods

industries

35,43563,39472,68058,63745,25056,24163,88050,35243,80748,36941,65043,58245,17050,34661,31574,45993,00299,735104,393110,161100,412100,225113,034149,204181,519161,664169,857193,321248,281291,320315,200314,709300,799333,113359,644372,017376,613408,600449,989488,431499,828482,208500,507501,245498,645494,939492,487487,061493,992495,601490,171487,627485,156482,208481,521477,280473,964472,874470,338467,671462,743458,755453,210453,350448,772

Non-durablegoods

industries

6,0213,8723,1772,5413,0163,7633,4952,8312,8023,3482,5633,0422,6283,0713,2033,7903,8443,9763,9844,1804,5965,0226,3157,3575,5247,8828,2718,70110,88812,27312,21411,84111,09014,15913,88015,07016,79021,68721,95321,68121,98323,42321,81321,71921,76821,72522,57122,30922,34222,63922,93623,11023,28023,42323,33023,06123,29923,41123,16423,12123,14022,99422,65222,89823,070

Unfilled orders—shipmentsratio3

Total

3.423.633.873.353.022.942.712.582.642.742.993.253.743.663.833.743.643.363.273.834.123.723.263.253.573.893.853.873.843.543.603.673.593.633.633.994.124.054.164.184.254.114.094.024.054.043.983.943.924.054.013.913.843.833.843.713.673.743.633.643.57

Durablegoods

industries

4.124.274.554.003.623.473.293.083.183.313.593.864.484.374.644.504.404.063.884.554.974.503.903.874.204.624.584.684.744.294.374.474.404.424.454.895.095.005.155.185.295.075.044.945.004.974.894.834.805.004.914.784.684.684.714.524.504.564.414.444.34

Non-durablegoodsindus-tries

0.961.121.04.85.85.92.71.78.68.72.71.79.75.73.69.69.76.76.86.91.62.82.74.71.81.82.75.69.62.69.64.68.70.83.76.77.77.83.77.77.78.78

.78

.80

.81

.80

.82

.83

.84

.82

.82

.82

.81

.80

.79

.82

.79

.79

.81

1 Annual data are averages of monthly not seasonally adjusted figures.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.

Source-. Department of Commerce, Bureau of the Census.

410


PRICES

TABLE B-56.—Consumer price indexes for major expenditure classes, 1930-92

[For all urban consumers; 1982-84 = 100]

Year ormonth

1950195119521953195419551956195719581959196019611962196319641965 ... .196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991: Jan


1992: JanFebMarAprMayJune....JulyAugSept....OctNov

All items(CPI-U)

24.126.026 526.726.926 811128 128.929 129.629.930 230.631.031532.433.434.836.738.840.541.844 449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2134.6134.8135.0135.2135.6136.0136.2136.6137.2137.4137.8137.9138.1138.6139.3139.5139.7140.2140.5140.9141.3141.8142.0

Food and

beverages

Totall

35.0'36.238.140.141.443.148 855.560.262.165.872.279.986.793.597.399.5

103.2105.6109.1113.5118.2124.9132.1136.8135.9136.0136.3137.2137.3137.7137.1136.6136.7136.5136.9137.3137.9138.1138.8138.8138.3138.3138.1138.8139.3139.2139.1

Food2

25 428.228 728.328 227 828 028 930.229 730.030.430.631.131.532 233.834.135.337.139.240.442.148 255.159.861.665.572.079.986.893.697.499.4

103.2105.6109.0113.5118.2125.1132.4136.3135.8135.5135.8136.7136.8137.2136.5136.0136.0135.8136.2136.7137.2137.5138.1138.1137.4137.4137.2138.0138.5138.3138.3

Housing

Total

30.8'32.034.036.438.039.441 245.850.753.857.462.470.1

81.190.496.999.5

103.6107.7110.9114.2118.5123.0128.5133.6131.8132.4132.6132.5132.8133.4134.2134.5134.7134.7134.7135.0135.7136.1136.6136.5136.7137.7138.3138.6138.4138.5138.5

Shel-ter2

22.022.522 723.124 024.524.725.225.425.826.126.527 027.828.830.132.635.537.038.740 544.448.851.554.960.568.981.090.596.999.1

104.0109.8115.8121.3127.1132.8140.0146.3144.0144.6145.2145.2145.2145.8146.8147.3147.4147.7147.9148.2149.2149.8150.4150.2150.2151.1151.8152.3151.9152.5152.4

Fuel andother

utilities2

22.522 623 023 624 324.825.426.026.326 326.626.626 626.727.127.428.029.131.132.534 340.745.449.454.758.564.875.486.494.9

100.2104.8106.5104.1103.0104.4107.8111.6115.3114.8114.7114.1113.1114.2115.8116.4116.2116.8115.7115.3116.0116.2115.9115.8115.8116.8119.0119.4119.4119.8118.5118.3

House-hold

furnish-ingsand

oper-ation

42"043.645.246.848.649.751 156.863.467.370.474.779.986.393.098.0

100.2101.9103.8105.2107.1109.4111.2113.3116.0114.1115.6115.7115.9116.3115.9116.3116.2116.4116.4116.5116.3116.7117.3117.7118.0117.9118.2118.4118.3118.3118.4118.5

Appareland

upkeep

40.343.943.543.143.142 943.744 544.645 045.746.146.346.947.347 849.051.053.756.859.261.162.364 669.472.575.278.681.484.990.995.397.8

100.2102.1105.0105.9110.6115.4118.6124.1128.7123.81?6.2128.8130.1129.4126.9125.2127.6131.3132.7132.9129.6127.9130.2133.4133.3133.1131.0129.2130.2133.3135.0134.5

Trans-por-ta-

tion2

22 724.125 726.526.125 826 227 728.629 829.830.130 830.931.431932.333.334.335.737.539.539.941245.850.155.159.061.770.583.193.297.099.3

103.7106.4102.3105.4108.7114.1120.5123.8125.5123.7122.3122.2123.3123.7123.4123.8123.8124.0125.0125.3124.5124.1124.4125.2126.3126.9127.2126.9126.8128.0129.2

Medicalcare 2

15 115.916 717.317.818 218 919 720.621522.322.923 524.124 625 226.328.229.931.934.036.137.338 842.447.552.057.061.867.574.982.992.5

100.6106.8113.5122.0130.1138.6149.3162.8177.0171.0172.5173.7174.4175.2176.2177.5178.9179.7180.7181.8182.6184.3186.2187.3188.1188.7189.4190.7191.5192.3193.3194.3

Enter-tainment

40.743.045.247.550.051.552 956.962.065.168.371.976.783.690.196.0

100.1103.8107.9111.6115.3120.3126.5132.4138.4135.5136.2136.7137.7137.8138.1138.6139.2140.2140.5140.4139.9140.1140.7141.2142.0142.0142.0142.4142.6143.2143.5143.7

Othergoods

andservices

35.136.938.740.942.944.746.449.853.957.060.464.368.975.282.691.1

101.1107.9114.5121.4128.5137.0147.7159.0171.6166.5167.4167.9168.8169.1170.0170.8172.2175.8176.2176.9177.6178.6179.4179.8180.3181.3181.5182.3183.9187.0187.9188.0

Ener-gy3

21521.521.922.422.522.622.622.522.923.323.824.224.825.526.527.229.438.142.145.149.452.565.786.097.799.299.9

100.9101.688.288.689.394.3

102.1102.5107.1102.899.799.5

102.1103.5102.7102.9103.6101.8101.8101.9100.199.098.999.5

102.4105.9106.0105.4105.9104.5104.5

1 Includes alcoholic beverages, not shown separately.2 See table B-57 for components.3 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982. See

table B-57 for the components.

Note.—Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs.

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

411


TABLE B-57.—Consumer price indexes for selected expenditure classes, 1950-92

[For all urban consumers; 1982-84 = 100, except as noted]

Year or month

Food and beverages

Total1

Food

Totalhome

Awayfromhome

Shelter

Total

Renters' costs

Total •'Rent,resi-

dential

Home-owners'costs 2

Mainte-nanceand

repairs

Fuel and other utilities

Total

Fuels

Total

Fuel oiland

otherhouse-

holdfuel

com-modities

Gas(piped)

andejec-

tricity(energy

serv-ices)

Otherutilities

andpublic

services

195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985.1986.1987.19881989199019911991: Jan

FebMar

25.428.228.728.328.227.828.028.930.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.159.861.665.572.079.986.893.697.499.4

103.2105.6109.0113.5118.2125.1132.4136.3135.8135.5135.8136.7136.8137.2136.5136.0136.0135.8136.2136.7137.2137.5138.1138.1137.4137.4137.2138.0138.5138.3138.3

27.330.330.830.330.129.529.630.632.031.231.531.832.032.432.733.535.235.136.338.039.940.942.749.757.161.863.166.873.881.888.494.898.199.1

102.8104.3107.3111.9116.6124.2132.3135.8136.4135.7136.0137.0136.9137.4136.0134.9134.9134.4135.0135.5136.4136.6137.5137.4136.2136.1135.7136.9137.4137.2137.0

29.730.932.233.935.135.636.337.037.638.238.739.239.740.140.540.941.542.243.344.746.548.750.452.555.258.061.164.869.374.380.987.994.6

100.1105.3111.8118.3123.1127.8132.8138.4143.3141.2141.5142.0142.5142.8143.0143.7143.7144.6144.6145.0145.2145.4145.6146.4146.2146.3146.6147.0147.0147.2148.0148.6

11.311.812.112.612.6

19.219.319.519.920.2

ftWayJuneJulyAugSeptOctNovDec

1992: JanFebMar

ft:June.JulyAugSeptOctNov

35.036.238.140.141.443.148.855.560.262.165.872.279.986.793.597.399.5

103.2105.6109.1113.5118.2124.9132.1136.8135.9136.0136.3137.2137.3137.7137.1136.6136.7136.5136.9137.3137.9138.1138.8138.8138.3138.3138.1138.8139.3139.2139.1

21.521.922.122.623.424.124.825.426.026.727.327.828.429.731.332.934.937.539.441.044.249.854.558.262.668.375.983.490.995.8

100.0104.2108.3112.5117.0121.8127.4133.4137.9135.8136.2136.5137.1137.5137.9138.4138.7138.9139.1139.3139.6139.7139.9140.1140.2140.4140.7140.8141.0141.2141.3141.5

22.022.522.723.124.024.524.725.225.425.826.126.527.027.828.830.132.635.537.038.740.544.448.851.554.960.568.981.090.596.999.1

104.0109.8115.8121.3127.1132.8140.0146.3144.0144.6145.2145.2145.2145.8146.8147.3147.4147.7147.9148.2149.2149.8150.4150.2150.2151.1151.8152.3151.9152.5152.4

20.520.921.422.323.223.6

103.0108.6115.4121.9128.1133.6138.9146.7155.6153.2154.4156.1155.1154.2155.1157.4158.1156.2156.1155.4155.8158.8160.2161.2160.1159.5161.0162.8163.5161.7161.7160.6

102.5107.3113.1119.4124.8131.1137.3144.6150.2147.9148.2148.4148.8149.2149.7150.2150.7151.6152.1152.6153.0153.2153.5154.1154.2154.4155.0155.5155.8156.0156.8157.2

24.024.424.825.025.325.826.327.528.930.633.235.838.640.643.649.554.157.662.067.274.082.490.796.499.9

103.7106.5107.9111.8114.7118.0122.2126.3124.1125.1124.2126.1126.9126.2126.9127.2126.8126.6127.6128.1128.0128.3128.4128.0128.1128.5128.8128.1128.5129.4129.5

22.522.623.023.624.324.825.426.026.326.326.626.626.626.727.127.428.029.131.132.534.340.745.449.454.758.564.875.486.494.9

100.2104.8106.5104.1103.0104.4107.8111.6115.3114.8114.7114.1113.1114.2115.8116.4116.2116.8115.7115.3116.0116.2115.9115.8115.8116.8119.0119.4119.4119.8118.5118.3

12.713.314.013.7

21.421.722.123.124.725.727.534.439.443.349.053.061.374.887.295.6

100.5104.0104.599.297.398.0

100.9104.5106.7107.7107.1105.7104.0105.4107.6108.2107.7108.5106.5105.5106.5106.6105.9105.2105.1106.5110.2110.4110.3111.1108.7108.2

13.913.814.114.214.414.414.615.015.516.016.317.018.218.321.133.236.438.843.946.262.486.1

104.6103.497.299.495.977.677.978.181.799.394.6

111.2105.799.394.490.989.387.887.888.990.994.894.792.091.590.589.989.890.190.089.789.791.492.1

20.720.921.121.922.423.323.523.523.523.523.523.623.723.924.325.427.128.529.934.540.144.750.555.061.071.481.993.2

101.5105.4107.1105.7103.8104.6107.5109.3112.6111.5111.5110.8109.4111.5114.4115.4114.7115.5112.9111.2112.4112.8112.0111.5111.3113.0117.4117.6117.5118.5115.4114.8

46.647.148.450.053.456.257.860.763.967.770.873.774.377.084.393.399.5

107.2112.1117.9120.1122.9127.1131.7137.9135.0135.7136.3136.5137.3137.9138.5138.9139.2139.6140.1140.2140.5141.2141.7142.2142.4142.2143.1143.3143.0143.4143.7

1 Includes alcoholic beverages, not shown separately.2 December 1982=100.


412


TABLE B-57.—Consumer price indexes for selected expenditure classes, 1950-92—Continued

[For all urban consumers; 1982-84 = 100, except as noted]

Year or month

1950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991 Jan


1992 JanFebMarAprMayJuneJulyAugSeptOctNov

Transportation

Total

22.724.125.726 526.125.826.227.728.629.829.830.130.830.931.431.932.333.334.335.737.539.539.941.245.850.155.159.061.770.583.193.297.099.3

103.7106.4102.3105.4108.7114.1120.5123.8125.5123.7122.3122.2123.3123.7123.4123.8123.8124.0125.0125.3124.5124.1124.4125.2126.3126.9127.2126.9126.8128.0129.2

Total3

24.525.627.327 827.126.727.128.629.530.830.630.831.431.632.032.532.933.834.836.037.539.439.741.046.250.655.659.762.571.784.293.897.199.3

103.6106.2101.2104.2107.6112.9118.8121.9123.2121.2119.9120.2121.5121.9121.7122.0122.1122.4123.4123.4122.5122.0122.2122.9124.3125.4125.5125.4125.4126.1127.0

Private transportatior

Newcars

41.143.146.847 246.544.846.148.550.052.251.551.551.351.050.949.748.849.350.751.553.055.254.754.857.962.966.970.475.881.888.493.797.499.9

102.8106.1110.6114.6116.9119.2121.0125.3124.6125.3125.4125.3125.4125.3124.9124.4124.1125.0126.6127.6128.0128.1128.2128.2128.4128.2127.8127.6127.4128.2129.7

Usedcars

26 7"22.721.520.723.224.026.825.026.028.428.730.029.829.029.9(5)

30.931.233.033.135.236.743.850.354.755.860.262.376.988.898.7

112.5113.7108.8113.1118.0120.4117.6118.1116.1115.1114.4115.0117.0118.8120.4120.0119.8120.2120.6120.1117.8116.1115.7117.9120.5123.1124.8126.4127.7129.1129.9

Motorfuel4

19.019.520.021221.822.122.823.823.423.724.424.124.324.224.125.125.626.426.827.627.928.128.431.242.245.147.049.751.870.197.4

108.5102.899.497.998.777.180.280.988.5

101.299.4

108.399.794.696.1

100.2100.598.299.399.898.399.498.494.592.993.495.099.4

102.9102.8101.7101.7101.6102.2

l

Auto-mobilemainte-nanceand

repair

18.920.420.822 022.723.224.225.025.426.026.527.127.527.828.228.729.230.432.134.136.639.341.143.247.653.757.661.967.073.781.589.296.0

100.3103.8106.8110.3114.8119.7124.9130.1136.0133.1133.5134.1134.4134.7135.6136.4136.9137.8138.4138.5138.4139.0139.7140.3140.5140.8141.2141.4141.6142.2142.5142.8

Other

37.9'39.241.645.248.648.948.450.253.561.867.269.975.284.391.497.798.8

103.5109.0115.1120.8127.9135.8142.5149.1147.3147.8147.7147.5147.7148.0149.0149.7149.7150.9151.8152.0152.4152.2152.2152.4152.5152.6153.0153.1152.7154.4155.3

Publictranspor-

tation

13.414.815.816 818.018.519.219.920.921.522.223.224.024.324.725.226.127.428.730.935.237.839.339.740.643.547.850.051.554.969.085.694.999.5

105.7110.5117.0121.1123.3129.5142.6148.9155.4156.2153.3147.1146.0146.6146.7147.6146.6144.9147.0149.8151.5150.7153.5154.7151.6145.3148.3146.7145.6152.9157.4

f

Total

15.115.916.717 317.818.218.919.720.621.522.322.923.524.124.625.226.328.229.931.934.036.137.338.842.447.552.057.061.867.574.982.992.5

100.6106.8113.5122.0130.1138.6149.3162.8177.0171.0172.5173.7174.4175.2176.2177.5178.9179.7180.7181.8182.6184.3186.2187.3188.1188.7189.4190.7191.5192.3193.3194.3

Medical care

Medicalcarecom-

modities

39.740.841.241542.042.543.444.646.146.846.946.345.645.245.145.045.144.945.045.446.547.347.447.549.253.356.560.264.469.075.483.792.3

100.2107.5115.2122.8131.0139.9150.8163.4176.8170.4171.6173.2174.3175.4176.5177.7178.9180.0180.3181.1181.7183.0185.1186.7187.9187.6188.0188.6188.9189.5189.8190.4

Medicalcare

services

12.813.414.314 815.315.716.317.017.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461.267.274.882.892.6

100.7106.7113.2121.9130.0138.3148.9162.7177.1171.1172.8173.8174.5175.1176.1177.5178.9179.7180.8181.9182.8184.6186.4187.4188.1188.9189.7191.1192.2192.9194.2195.2

3 Includes other new vehicles, not shown separately. Includes direct pricing of new trucks and motorcycles beginning September1982.

4 Includes direct pricing of diesel fuel and gasohol beginning September 1981.5 Not available.Note.—See Note, Table B-56.Source: Department of Labor, Bureau of Labor Statistics.

413

334-230 0—92 14 (QL3)Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-58.—Consumer price indexes for commodities, services, and special groups, 1950-92

[For all urban consumers; 1982-84=100, except as noted]

Year or monthAll items(CPI-U)

Commodities

Allcom-

moditiesFood

Com-modities

lessfood

Services

Allservices

Medi-cal

careserv-ices

Serv-icesless

medi-cal

careserv-ices

Special indexes

Allitemslessfood

Allitemsless

energy

Allitemslessfoodand

ener-gy

Allitemsless

medi-cal

care

CPI-U-X1(all items)(Dec. 1982=97 .6 )»

mj'ZZJuneJulyAugSeptOctNov

i1950 i1951 i1952...19531S54IS55195619571S5S ,1959196019611962....,1963 !1964196519661967196S196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991:Jan

FebMarAprMayJune

JulyAugSept....OctNovDec

1992: JanFebMar

24.126.0 |26.5!26.7 I25.9 :26,3;27.2!28.1!28.9 •29.1 i29.6!29.9!30.2 |30.6 i31.0!31.5 i32.4!33.434.836.7 I38.840.541.844.449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2134.6134.8135.0135.2135.6136.0136.2136.6137.2137.4137.8137.9138.1138.6139.3139.5139.7140.2140.5140.9141.3141.8142.0

29.031.632.031.931.631.331.632 633.333.333.633.834.134.434.835.236.136.838.139.941.743.244.547.853.558.260.764.268.876.686.093.297.099.8

103.2105.4104.4107.7111.5116.7122.8126.6126.0125.7125.7126.4126.8126.7126.2126.4127.1127.2127.8127.5127.2127.6128.4128.8129.1129.2129.0129.3129.9130.3130.5

25.4 I28.2!28.7 j28.3!23.2 !27.8 i28.0!28.S!30.2!29.7 !3Q.Q!30.4!30.6!31.1!31.5 j32.2|33.8!34.1135.3137.1 |39.240.442.148.255.159.861.665.572.079.986.893.697.499.4

103.2105.6109.0113.5118.2125.1132.4136.3135.8135.5135.8136.7136.8137.2136.5136.0136.0135.8136.2136.7137.2137.5138.1138.1137.4137.4137.2138.0138.5138.3138.3

31.4}33.8 !

34.134.233.833.533.934.935.335.836.036.136.336.636.937.2,37.738.6!40.0 i41.7 |43.4 145.146.147.752.857.660.563.867.575.385.793.196.9

100.0103.1105.2101.7104.3107.7112.0117.4121.3120.6120.3120.1120.7121.3120.9120.5121.1122.1122.4123.0122.4121.6122.1123.0123.5124.4124.5124.3124.3125.1125.7126.1

16.917.8;18.619.4 i20.0 j20.4!20.9!21.8 i22.8i23.3|24.1124.525.0!25.5 j26.0 |26.6|27.628.830.332.435.037.038.440.143.848.052.056.060.867.577.988.196.099.4

104.6109.9115.4120.2125.7131.9139.2146.3143.8144.5144.8144.7145.0145.8146.8147.3147.9148.1148.3148.8149.6150.1150.7150.8150.9151.7152.5153.0153.2153.7154.0

12.813.414.3 j14.8!15.3 i15.7!16.3!17.0! 22.317.91 23.618.71 24.219.5! 25.020.2! 25.420.91 25.921.51 26.322.0 26.822.7 27.423.926.0

35.937.541.446.651.356.461.267.274.882.892.6

100.7106.7113.2121.9130.0138.3148.9162.7177.1171.1172.8173.8174.5175.1176.1177.5178.9179.7180.8181.9182.8184.6186.4187.4188.1188.9189.7191.1192.2192.9194.2195.2

28.329.3

27.9! 30.830.2 j 32.9

32.3 j 35.634.7 37.5

38.940.644.348.352.255.960.767.578.288.796.499.2

104.4109.6114.6119.1124.3130.1136.8143.3141.1141.7142.0141.8142.1142.9143.8144.3144.8145.0145.1145.5146.3146.6147.1147.2147.3148.1148.8149.2149.4149.9150.1

23.8 ....25.3 ....25.925.4;..26.5 !..26.6 !..27.1 !..28.0 i28.6 i29.2 i29.7 I30.0!30.3130.7!31.131.632.333.434.936.839.040.842.043.748.052.556.059.663.971.281.590.496.399.7

104.0108.0109.8113.6118.3123.7130.3136.1134.3134.6134.8134.9135.4135.7136.1136.7137.4137.7138.0138.1138.3138.8139.5139.7140.1140.7141.1141.4141.8142.4142.7

29.7!29.9!30.4 |30.7 131.1131.5132.0!32.5 133.5!

29.6!30.2 I30.6!31.031.431.832.332.733.5

34.4 3 4 735.938.040.342.043.446.150.655.158.261.966.773.481.990.196.199.6

104.3108.4112.6117.2122.3128.1134.7140.9138.6139.3139.8140.2140.3140.5140.9141.3141.9142.3142.7142.8143.3144.0144.7144.9144.9145.0145.3145.8146.2146.9147.1

36.3 j38.440.842.744.045.649.453.957.461.065.571.980.889.295.899.6

104.6109.1113.5118.2123.4129.0135.5142.1139.4140.3140.9141.1141.3141.5142.0142.7143.4143.9144.4144.4144.9145.6146.4146.6146.7146.9147.3147.7148.1149.0149.3

28.7!29.5!29.8!

30.2 !30.5!30.8!31.1 i31.5132.0 I33.0133.735.1137.0'39.240.842.144.849.854.357.260.865.472.982.891.496.899.6

103.7107.2108.8112.6117.0122.4128.8133.8132.4132.6132.7133.0133.3133.6133.8134.2134.8134.9135.2135.3135.5135.9136.5136.7136.9137.4137.6138.0138.4138.8139.0

26.228.328.8OQ Q

29^229.129.530.531.431.632.232.532.833.333.734.235.236.337.739.441.343.144.447.251.956.259.463.267.574.082.390.195.699.6

103.9107.6109.6113.6118.3124.0130.7136.2

1CPI-U-X1 is a rental equivalence approach to homeowners' costs for the consumer price index for years prior to 1983, the firstyear for which the official index (CPI-U) incorporates such a measure. CPI-U-XI is rebased to the December 1982 value of the CPI-U(1982-84=100) ; thus it is identical with CPI-U data for December 1982 and all subsequent periods. Data prior to 1967 estimated byCouncil of Economic Advisers by moving the series at the same rate as the CPI-U for each year.

Note.—See Note, Table B-56.

Source: Department of Labor, Bureau of Labor Statistics (except as noted).

414


TABLE B-59.—Changes in special consumer price indexes, 1958-92

[For all urban consumers; percent change]

Year or month

19581959196019611962196319641965196619671968196919701971197219731974.....197519761977 . ..1978197919801981. .1982198319841985198619871988198919901991

1991:JanFebMarAprMayJuneJulyAugSeptOctNovDec

1992:JanFebMarAprMayJuneJulyAugSeptOctNov

All items(CPI-U)

Dec.to

Dec.1

1.81.71.4.7

1.31.61.01.93.53.04.76.25.63.33.48.7

12.36.94.96.79.0

13.312.58.93.83.83.93.81.14.44.44.66.13.1

Yearto

year

2.8.7

1.71.01.01.31.31.62.93.14.25.55.74.43.26.2

11.09.15.86.57.6

11.313.510.36.23.24.33.61.93.64.14.85.44.2

All items lessfood

Dec.to

Dec.1

1.82.11.01.31.01.61.01.63.53.35.05.66.63.02.95.6

12.27.36.16.48.3

14.013.09.84.14.13.94.1

.54.64.24.56.33.3

Yearto

year

2.12.11.71.01.01.31.31.62.23.44.55.46.04.62.94.09.89.46.76.47.2

11.414.510.96.53.54.33.81.73.54.14.65.34.5

All items lessenergy

Dec.to

Dec.1

2.11.31.3.7

1.31.91.31.93.43.24.96.55.43.43.58.2

11.76.64.86.79.1

11.111.78.54.24.54.44.03.84.14.74.65.23.9

Yearto

year

2.8.7

1.71.01.31.31.61.63.12.74.45.86.14.23.36.29.88.95.66.47.8

10.011.610.06.73.64.73.93.94.14.44.75.24.6

All items less foodand energy

Dec.to

Dec1

1.72.01.01.31.31.61.21.53.33.85.16.26.63.13.04.7

11.16.76.16.58.5

11.312.29.54.54.84.74.33.84.24.74.45.24.4

Yearto

year

2.42.01.31.31.31.31.61.22.43.64.65.86.34.73.03.68.39.16.56.37.49.8

12.410.47.44.05.04.34.04.14.44.55.04.9

All items lessmedical care

Dec.to

Dec.1

1.71.41.3

U1.61.01.93.42.74.76.15.23.23.49.1

12.26.74.56.79.1

13.412.58.83.63.63.93.5

.74.34.24.55.92.7

Yearto

year

2.81.01.31.01.01.01.31.63.12.14.25.45.94.13.26.4

11.2

9.05.36.37.6

11.513.610.45.92.94.13.41.53.53.94.65.23.9

Change from preceding period

Unad-justed

0.6.1.1.1.3.3.1.3.4.1.3.1.1.4.5.1.1.4.2.3.3.4.1

Sea-sonally

ad-justed

0.4.1.1.2.2.3.1.3.4.2.4.2.1.3.5.2.1.3.1.3.2.4.2

Unad-justed

0.4.2.1.1.4.2.3.4.5.2.2.1.1.4.5.1.3.4.3.2.3.4.2

Sea-sonally

ad-justed

0.4.2.1.2.2.2.2.4.4.2.4.2.1.3.5.3.2.4.2.1.2.4.4

Unad-justed

0.9.5.4.3.1.1.3.3.4.3.3.1.4.5.5.1

0.1.2.3.3.5.1

Sea-sonally

ad-justed

0.6.6.3.3.2.3.2.3.4.2.3.2.2.4.5.2.1.2.1.3.2.4.2

Unad-justed

0.8.6.4.1.1.1.4.5.5.3.3

0.3.5.5.1.1.1.3.3.3.6.2

Sea-sonally

ad-justed

0.7.6.3.3.2.3.3.4.4.2.3.2.3.4.5.3.2.2.2.2.2.5.3

Unad-justed

0.5.2.1.2.2.2.1.3.4.1.2.1.1.3.4.1.1.4.1.3.3.3.1

Sea-sonally

ad-justed

0.4.2

0.2.2.2.1.2.4.1.3.2

0.3.4.2.1.4.1.2.2.4.2

1 Changes from December to December are based on unadjusted indexes.Note.—See Note, Table B-56.Source-. Department of Labor, Bureau of Labor Statistics.

415


TABLE B-60.—Changes in consumer price indexes for commodities and services, 1929-91

[For all urban consumers,- percent change]

Year

All items(CPI-U)

Dec.to

Dec1

Yearto

year

Commodities

Total

Dec.to

Dec.1

Yearto

year

Food

Dec.to

Dec.1

Yearto

year

Services

Total

Dec.to

Dec.1

Yearto

year

Medical careservices

Dec.to

Dec 1

Yearto

year

Medical care

Dec.to

Dec.1

Yearto

year

Energy2

Dec.to

Dec1

Yearto

year

1929..

1933..

1939..

1940..1941..1942..1943..1944..

1945..1946..1947..1948..1949..

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

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

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

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

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

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

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

1985..1986..1987..1988..1989..

1990..1991..

0.6

.79.99.03.02.3

2.218.18.83.0

- 2 . 1

5.96.0

.8

.7- . 7

.43.02.91.81.7

1.4.7

1.31.61.0

1.93.53.04.76.2

5.63.33.48.7

12.3

6.94.96.79.0

13.3

12.58.93.83.83.9

3.81.14.44.44.6

6.13.1

0

- 5 . 1

- 1 . 4

.75.0

10.96.11.7

2.38.3

14.48.1

- 1 . 2

1.37.91.9.8.7

- . 41.53.32.8

.7

1.71.01.01.31.3

1.62.93.14.25.5

5.74.43.26.2

11.0

9.15.86.57.6

11.3

13.510.36.23.24.3

3.61.93.64.14.8

5.44.2

- 0 . 7

1.413.312.94.22.0

2.924.810.3

1.7- 4 . 1

7.85.9

- . 9- . 3

- 1 . 6

- . 32.62.81.2.6

1.20

.91.5.9

1.42.52.54.05.4

3.92.83.4

10.412.8

6.23.36.18.8

13.0

11.06.03.62.92.7

2.5-2 .0

4.63.84.1

6.61.2

- 2 . 0

.76.7

14.59.31.0

3.010.620.5

7.2-2 . 7

.79.01.3

- . 3- . 9

- . 91.03.22.10

.9

.6

.9

.91.2

1.12.61.93.54.7

4.53.63.07.4

11.9

4.35.87.2

11.3

12.38.44.12.93.4

2.1- . 93.23.54.7

5.23.1

2.5

6.9

- 2 . 5

2.515.717.93.00

3.531.311.3- . 8

- 3 . 9

9.87.1

- 1 . 0- 1 . 1- 1 . 8

- . 72.92.82.4

- 1 . 0

3.1- . 71.32.01.3

3.54.01.24.47.0

2.34.34.6

20.312.0

6.6.5

8.111.810.2

10.24.33.12.73.8

2.63.83.55.25.6

5.31.9

1.2

- 2 . 8

- 2 . 5

1.79.2

17.611.0

- 1 . 2

2.414.521.7

8.3- 4 . 2

1.611.0

1.8- 1 . 4

- . 4

- 1 . 4.7

3.24.5

-1 .7

1.01.3

.71.61.3

2.25.0

.93.55.1

5.73.14.2

14.514.3

8.53.06.39.9

11.0

8.67.8

2-13 i |2.33.24.14.15.8

5.82.9

.82.42.32.32.2

.73.65.65.93.7

3.65.24.44.22.0

2.03.44.22.73.9

2.52.11.62.41.6

2.74.84.35.87.7

8.14.13.46.2

11.4

8.27.28.09.3

13.6

14.213.04.34.85.4

5.14.54.34.85.1

5.74.6

3.12.32.2

1.51.44.36.15.1

3.05.34.54.33.1

2.02.54.33.73.1

3.41.72.02.02.0

2.33.84.35.26.9

8.05.73.84.49.2

9.68.37.78.6

11.0

15.4 I13.1 !9.03.55.2

5.15.04.24.64.9

5.55.1

1.2

01.23.55.63.2

3.19.06.46.91.6

4.05.35.83.42.6

3.23.84.84.64.9

3.73.52.92.82.3

3.68.38.07.17.3

8.15.43.76.0

13.2

10.310.89.09.3

10.5

10.112.611.26.25.8

6.87.95.66.98.6

9.98.0

1.2

003.54.54.3

3.15.18.77.13.3

2.44.76.73.53.4

2.63.84.35.34.5

4.33.63.52.92.3

3.25.38.87.38.2

7.074 I3.5 !4.5 |

10.4 j

12.6 |10.19.98.59.8 |

11.3 |10.711.88.7

6.0 I6.1 j7.7 !6.66.47.7

9.38.9

5.81.4

3.45.84.33.52.3

3.33.24.74.53.8

3.23.12.22.52.1

2.86.76.36.26.2

7.44.6 |3.35.3

12.6

9.810.08.98.8

10.1

9.912.511.06.46.1

6.87.75.86.98.5

9.67.9

6.72.8

2.05.35.03.62.9

2.23.84.24.64.4

3.72.72.62.62.1

2.44.47.26.06.7

6.66.23.34.09.3

12.09.59.68.49.2

11.010.711.68.86.2

6.37.56.66.57.7

9.08.7

- 0 . 94.7

1.3- 1 . 3

2.2_ g

o'1.81.71.71.72.9

4.83.12.6

17.021.6

11.4

7.937.5 I

I18.011.9

1.3- . 5

.2

1.819.78.2

18.1- 7 . 4

01.9

2.3.4.4

0- . 4

1.81.72.11.72.5

2.83.92.68.1

29.6

10.57.19.56.3

25.1

30.913.6

1.5.7

1.0

.7-13.2

.5

.85.6

8.3.4

1 Changes from December to December are based on unadjusted indexes.2 Household fuels—gas (piped) electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982.

Note.-See Note, Table B-56.


416


TABLE B-61.—Producer price indexes by stage of processing, 1947-92

[1982 = 100]

Year or month

Finished goods

Totalfinishedgoods

Consumer foods

Total Crude Proc-essed

Finished goods excluding consumer foods

Total

Consumer goods

Total Durable Non-durable

Capitalequipment

Totalfinishedconsumergoods

1947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991: Jan....

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

1992: Jan...Feb...Mar...

fcJune.July1

Aug...Sept.Oct...Nov...

26.428.527.728.230.830.630.330.430.531.332.533.233.133.433.433.533.433.534.135.235.636.638.039.340.541.845.652.658.260.864.769.877.688.096.1100.0101.6103.7104.7103.2105.4108.0113.6119.2121.7122.3121.4120.9121.1121.8121.9121.6121.7121.4122.2122.3121.9121.8122.1122.2122.4123.2123.9123.7123.5123.3124.3123.9

31.934.932.132.736.736.434.534.233.433.334.436.534.835.535.435.735.335.436.839.238.540.042.443.844.546.956.564.469.869.673.379.987.392.497.8100.0101.0105.4104.6107.3109.5112.6118.7124.4124.1124.8124.6125.2125.3125.8125.3124.5123.3122.7123.0123.0122.3122.5123.4123.3122.8123.1123.1122.8123.2123.2123.6123.3

39.342.440.136.541.944.641.637.539.139.138.541.037.339.838.038.437.838.939.041.539.642.545.946.045.848.063.671.671.776.779.585.892.393.9

104.4100.0102.4111.4102.9105.6107.1109.8119.6123.0119.3124.3118.8125.0128.2137.8130.3121.8112.1109.9104.8114.6104.5109.7118.7115.8105.298.696.397.3104.7104.5110.0107.3

31.134.031.132.436.235.433.634.032.732.734.136.134.735.235.335.635.235.236.839.238.840.042.343.944.747.255.863.970.369.072.779.486.892.397.2100.0100.9104.9104.8107.4109.6112.7118.6124.4124.4124.7124.9125.1125.1124.9124.8124.7124.1123.6124.3123.6123.6123.4123.7123.8124.0124.8125.1124.7124.6124.6124.6124.4

35.035.936.938.239.640.442.048.854.758.162.266.774.686.795.6100.0101.8103.2104.6101.9104.0106.5111.8117.4120.9121.4120.4119.5119.7120.5120.8120.7121.1121.0121.9122.0121.7121.5121.6121.8122.3123.1124.0123.8123.5123.2124.3124.0

27.429.228.629.031.130.731.031.131.332.132.932.933.333.533.433.433.433.333.634.134.735.536.337.438.739.441.248.253.256.560.664.973.587.196.1100.0101.2102.2103.398.5

100.7103.1108.9115.3118.7119.8118.2117.0117.2118.2118.6118.4119.0119.0119.7119.7119.2118.8118.8119.0119.6120.9122.1122.0121.6121.4122.2121.7

32.935.236.136.538.939.239.539.840.241.642.843.443.943.843.643.443.143.343.243.444.145.145.947.248.950.050.955.561.063.767.473.680.891.096.4100.0102.8104.5106.5108.9111.5113.8117.6120.4123.9123.5123.9124.0123.7123.2123.1123.1122.9122.1126.0125.7125.4125.8125.5125.8125.6125.6125.2125.4125.1123.4127.0127.0

24.225.724.725.127.026.326.626.726.827.327.927.828.228.428.428.428.528.428.829.330.030.631.532.533.534.136.144.048.952.456.860.069.385.195.8100.0100.5101.1101.793.394.997.3

103.8111.5115.0116.7114.4112.8113.2114.6115.2115.0115.8116.1115.6115.8115.2114.4114.6114.8115.7117.5119.5119.2118.7119.3118.8118.0

19.821.622.723.225.525.926.326.727.429.531.332.132.732.832.933.033.133.433.834.635.837.038.340.141.742.844.250.558.262.166.171.377.585.894.6100.0102.8105.2107.5109.7111.7114.3118.8122.9126.7125.9126.1126.2126.2126.5126.5126.6126.5126.2127.9127.9128.0128.6128.7128.9129.1129.0128.9128.8128.8128.0130.1130.0

28.630.829.429.932.732.331.731.731.532.032.933.633.333.633.633.733.533.634.235.435.636.537.939.140.241.546.053.158.260.464.369.477.588.696.6100.0101.3103.3103.8101.4103.6106.2112.1118.2120.5121.4120.3119.6119.8120.6120.7120.4120.4120.2120.8120.9120.3120.0120.3120.4120.7121.7122.6122.4122.2122.1122.8122.3

1 Data have been revised through July 1992 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.

417


TABLE B-61.—Producer price indexes by stage of processing, 1947-92—Continued

[1982 = 100]

Year or month

19471948194919501951195219531954195519561957. ..19581959196019611962196319641965.. .196619671968196919701971197219731974197519761977 .1978197919801981198219831984198519861987 .19881989199019911991:Jan


1992:JanFebMar

A&ZZJuneJuly iAugSeptOctNov

Intermediate materials, supplies, and components

Total

23.325.224 225.328.427.527 727.928 429.630.330 430.830.830.630.630.730.831232 032.233 034.135 436.838 242.452 558.060.964 969.578.490.398.6

100.0100.6103.1102.799.1

101.5107 1112.0114.5114.4116.4115.5114.2113.9114.0114.3114.0114 2114.6114 2114.0113.7113.2113 5113.6113.8114.5115.4115.5115.3115.6115.4115.1

Foodsand

feeds2

41.841 542.945 646.749 570.383 681.677.479 684.894.5

105.5104.6100.0103.6105.797.396.299.2

109 5113.8113.3111.1110.4110.7111.6111.5110.8110.8110.0111 5111.5111 8111.4111.3110.7110 7110.7110.4111.5112.3111.2110.2111.0109.6109.5

Other

22.224.123.524.627.626.727 027.228 029.330 130130.530.730.330.230.130.330.731331.732 533.634 836.237 740.650 556 660.064 168 677.489.498.2

100.0100.5103.0103.099.3

101.7106 9111.9114.5114.6116.8115.7114.4114.1114.2114.5114.211441 R 8114 3114.1113.8113.3113 6113.7114.0114.7115.6115.7115.6115.9115.7115.4

Materials andcomponents

Formanufac-

turing

24.926.825.726.930.529.329 729.830 532.032.732 833.333.332.932.732.733.133.634 334.535 336.538 038.940 444.156 061764.067 472 080.991.798.7

100.0101.2104.1103.3102.2105 3113 2118.1118.7118.1119.9119.6118.9118.5118.1117.8117.4117 3IV.Z117 4117.3117.3117.2117 4117.5117.6117.9118.2118.3118.2118.3118.1118.0

Forcon-

struction

22.524.924.926.228.728.529 029.130 331.832 032 032.932.732.232.132.232.532.833 634.035 737.738 340.843 046.555 060 164.169 376 584.291.397.9

100.0102.8105.6107.3108.1109 8116 112L3122.9124.5124.0123.9124.0124.3124.5125.2125.3124 71247124 5124.4124.5124.9125 9126.6126.8126.8126.5126.3126.2126.7126.6126.8

Proc-essedfnalclueisand

lubri-cants

14.416.414.915.215.915.715 815.815 816.317 216 216.216.616.816.716.616.216.516 816.916 516.617 719.520 122.233 639 442.347.749 961.685.0

100.6100.095.495.792.872.773 371 276.485.985.391.787.582.881.883.485.084.686 087785 484.783.280.280 680.080.783.688.188.287.688.387.586.0

Pr\ncon-

tainers

23.424.424.525.229.628.028 028.528 931.032 433 233.033.433.233.633.232 933.534 535.035 937.239 040.842 745.253 360 063.165 971079.489.196.7

100.0100.4105.9109.0110.3114 5120 1125^41277128.1129.0128.9128.7128.3128.11277127.9127 4127.4127 8m.\128.0127.6127 71277127.8127.7127.6127.7127.6127.6127.9128.0

Supplies

28.529.828.029.032.632.631031731232.032.333 133.533.333734.535.034 735.036 536.837 137.839 740.842 551756 861865.869 372980.289.996.9

100.0101.8104.1104.4105.6107 7113 7118J119.4121.4120.9121.1121.3121.4121.3121.4121.1121 512L6121 51217121.7122.0122 1122.4122.4122.712271227122.6122.9123.1123.2

Crude

Total

31.734730.132737.634.531931.630 430.631.231 931.130.430.230.529.929.631.133 131.331 833.935 236.039 954.561461663.465 573 485.995.3

103.0100.0101.3103.595.887.793 796 0

103.1108.9101.2112.8104.1101.2100.8102.199.899.599 198^099 999.797.796.998 697.998.8

101.2102.11017100.9102.0101.8101.5

materials for further processing

Food-stuffsand

feed-rtllffcSlUIlo

45.148.840.543.450.247.342 342.338 437.639 241638.838.437.938.637.536.639 242 740.340 944.145 246.151572.676 477.476.877 587 3

100.0104.6103.9100.0101.8104794.893.296.2

106 1111.2113.1105.5107.2107.3109.9109.0108.7107.4105.1102 7103^0102 6101.5101.61037106 0107.2105.5108.4107.4105.01037103.0103.5102.8

Other

Total

21.121622.523 824727 034.344 143748.251 757 569.684.6

101.8100.0100.7102.296.981.687.985 593.4

101.594.6

110.897.992.392.294.291.592.393 091.194 294.591.588.890188.290.792.894.895795.297.596.796.8

Fuel

7.58.98.88.89.09.0938.9899.5

10.110 210.410.510.510.410.510.510.610 911.311512.013 815716 818.624 830.634.542 048.257.369.484.8

100.0105.1105.1102.792.284.182 185.384.882.988.585.684.881.784.082.581.481 877.878 682.285.783.582 679.178.579.878.583.783.586.885.693.0

Other

24.026724.327.832.027.826 626.127 528.628 227 128.126.927.227.126.727.227.728 326.527 128.429 129.432 342.954 550.054.956 361.975.591.8

109.8100.098.8

101.094.376.088.585 995.8

107.397.5

120.4101.092.294.295.992.494.895 695.499 997^890.187.289 788.893.095.399.197.697.098.698.193.9

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

418


TABLE B-62.—Producer price indexes by stage of processing, special groups, 1974-92

[1982 = 100]

Year or month

Finishedgoods

Total Foods Ener-gy

Excluding foods andenergy

Total

Cap-ital

equip-ment

Con-sumergoodsexclud-

foodsand

energy

Intermediate materials, supplies,and components

TotalFoodsand

feeds1

Ener-gy

Other

Crude materials for furtherprocessing

Total

Food-stuffs

andfeed-stuffs

Ener-gy

Other

1974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1991:JanFeb....Mar...AprMay...June..

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

1992: Jan....Feb....Mar...

fcJune..July2.Aug...Sept..Oct....Nov....

52.6

58.260.864.769.877.6

88.096.1

100.0101.6103.7

104.7103.2105.4108.0113.6

119.2121.7

122.3121.4120.9121.1121.8121.9

121.6121.7121.4122.2122.3121.9

121.8122.1122.2122.4123.2123.9

123.7123.5123.3124.3123.9

64.4

69.869.673.379.987.3

92.497.8

100.0101.0105.4

104.6107.3109.5112.6118.7

124.4124.2

124.8124.6125.2125.3125.8125.3

124.5123.3122.7123.0123.0122.3

122.5123.4123.3122.8123.1123.1

122.8123.2123.2123.6123.3

26.2

30.734.339.742.357.1

85.2101.5100.095.291.2

87.663.061.859.865.7

75.078.1

82.678.475.575.778.078.4

77.578.879.178.378.176.6

74.374.374.475.477.881.0

80.480.380.980.078.5

53.6

59.763.166.971.978.3

87.194.6

100.0103.0105.5

108.1110.6113.3117.0122.1

126.6131.1

129.9130.2130.3130.5130.5130.8

131.0131.0130.7132.4132.5132.8

133.4133.5133.7134.0134.2134.1

134.2133.8133.2135.0135.1

50.5

58.262.166.171.377.5

85.894.6

100.0102.8105.2

107.5109.7111.7114.3118.8

122.9126.7

125.9126.1126.2126.2126.5126.5

126.6126.5126.2127.9127.9128.0

128.6128.7128.9129.1129.0128.9

128.8128.8128.0130.1130.0

55.5

60.663.767.372.278.8

87.894.6

100.0103.1105.7

108.4111.1114.2118.5124.0

128.8133.7

132.3132.7132.8133.1132.9133.3

133.7133.7133.4135.1135.3135.7

136.4136.6137.0137.5137.3

137.5136.9136.3138.1138.2

52.5

58.060.964.969.578.4

90.398.6

100.0100.6103.1

102.799.1

101.5107.1112.0

114.5114.4

116.4115.5114.2113.9114.0114.3

114.0114.2114.6114.2114.0113.7

113.2113.5113.6113.8114.5115.4

115.5115.3115.6115.4115.1

83.6

81.677.479.684.894.5

105.5104.6100.0103.6105.7

97.396.299.2

109.5113.8

113.3111.1

110.4110.7111.6111.5110.8110.8

110.0111.5111.5111.8111.4111.3

110.7110.7110.7110.4111.5112.3

111.2110.2111.0109.6109.5

33.1

38.741.546.849.161.1

84.9100.5100.095.395.5

92.672.673.070.976.1

85.585.1

91.587.482.781.783.284.8

84.485.787.485.184.482.8

80.180.479.980.683.487.8

88.087.388.187.385.9

54.0

60.263.867.672.580.7

90.397.7

100.0101.6104.7

105.2104.9107.8115.2120.2

120.9121.4

122.4122.2121.8121.6121.4121.4

121.1120.9121.0121.0121.0121.0

121.1121.4121.6121.8121.9122.0

122.1122.1122.3122.3122.2

61.4

61.663.465.573.485.9

95.3103.0100.0101.3103.5

95.887.793.796.0

103.1

108.9101.2

112.8104.1101.2100.8102.199.8

99.599.198.099.999.797.7

96.998.697.998.8

101.2102.1

101.7100.9102.0101.8101.5

76.4

77.476.877.587.3

100.0

104.6103.9100.0101.8104.7

94.893.296.2

106.1111.2

113.1105.5

107.2107.3109.9109.0108.7107.4

105.1102.7103.0102.6101.5101.6

103.7106.0107.2105.5108.4107.4

105.0103.7103.0103.5102.8

27.8

33.335.340.445.254.9

73.197.7

100.098.798.0

93.371.875.067.775.9

85.980.4

97.683.177.076.779.277.1

78.379.077.080.681.278.0

75.572.275.077.480.1

81.080.383.282.883.3

83.3

69.380.279.887.8

106.2

113.1111.7100.0105.3111.7

104.9103.1115.7133.0137.9

136.3128.2

133.5133.4132.2132.7131.4126.8

125.9126.0125.6124.8123.4122.7

125.2128.1129.1129.7129.2

130.0130.5130.5128.4126.8

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through July 1992 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.



TABLE B-63.—Producer price indexes for major commodity groups, 1950-92

[1982 = 100]

Year or month

Farm products and processedfoods and feeds

TotalFarm

products

Processedfoods and

feeds

Industrial commodities

Total

Textileproducts

andapparel

Hides,skins,leather,and

relatedproducts

Fuels andrelatedproducts

andpower *

Chemicalsand alliedproducts1

1950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991: Jan....

Feb...Mar...Apr...May..June..July....Aug....Sept...Oct...Nov...,Dec...

1992: Jan...,Feb....Mar...May"June.July2

Aug....Sept..Oct...Nov.

37.743.041.338.638.536.636.437.739.437.637.737.738.137.737.539.041.640.241.143.444.945.849.263.971.374.073.675.983.092.398.3

101.1100.0102.0105.5100.7101.2103.7110.0115.4118.6116.4117.0117.1118.3118.1118.3117.6116.3115.2115.1115.1114.8114.5115.2116.3116.7115.8117.0116.9115.8115.3115.3115.2114.9

44.051.248.443.843.240.540.041.142.940.240.139.740.439.639.040.743.741.342.345.045.846.651.672.777.477.078.879.487.799.6

102.9105.2100.0102.4105.595.192.995.5

104.9110.9112.2105.7106.9106.9109.7109.6110.4109.1105.6102.9103.1101.5101.6100.6102.8105.5106.4103.2105.8104.7102.5102.1101.6102.6102.0

33.236.936.434.835.433.833.834.836.535.635.636.236.536.836.738.040.239.840.642.744.645.548.058.968.072.670.874.080.688.595.998.9

100.0101.8105.4103.5105.4107.9112.7117.8121.9121.9122.1122.3122.6122.5122.3121.9121.6121.4121.1121.9121.4121.4121.3121.7121.8122.0122.5123.0122.4121.9122.1121.5121.4

25.027.626.927.227.227.829.129.930.030.530.530.430.430.330.530.931.532.032.833.935.236.537.840.349.254.958.462.567.075.788.097.4100.0101.1103.3103.7100.0102.6106.3111.6115.8116.5119.3117.2115.7115.6116.1116.1116.0116.3116.3116.7116.7116.1115.7116.0115.9116.4117.3118.2118.3118.1118.3118.6118.3

50.256.050.549.348.248.248.248.347.448.148.647.848.248.248.548.848.948.950.751.852.453.355.560.568.067.472.475.378.182.589.797.6100.0100.3102.7102.9103.2105.1109.2112.3115.0116.3115.7115.8115.9116.0116.0116.2116.3116.5116.6116.7116.8116.9117.4117.6117.7117.8117.7117.9117.8118.1118.0118.2117.9

32.937.730.531.029.529.431.231.231.635.934.634.935.334.334.435.939.438.139.341.542.043.450.054.555.256.563.968.376.196.194.799.3100.0103.2109.0108.9113.0120.4131.4136.3141.7138.9140.2140.0140.4141.1140.4140.0138.3138.1136.6136.3137.1137.6138.6139.0139.8139.9140.7140.8140.1140.7140.8140.8140.5

12.613.013.013.413.213.213.614.313.713.713.914.014.013.913.513.814.114.414.314.615.316.617.119.430.135.438.343.646.558.982.8

100.2100.095.994.891.469.870.266.772.982.381.290.183.078.578.180.280.380.181.381.481.381.279.176.376.875.877.179.783.283.382.884.083.382.3

30.434.833.033.433.833.733.934.634.934.834.834.533.933.533.633.934.034.234.134.235.035.635.637.650.262.064.065.968.076.089.098.4

100.0100.3102.9103.7102.6106.4116.3123.0123.6125.6128.3128.1126.0126.0125.3125.0124.4124.5124.5124.9124.9125.0124.6124.5124.4124.8125.2126.0126.4126.9126.5127.0127.5

1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through July 1992 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.


420


TABLE B-63.—Producer price indexes for major commodity groups, 1950-92—Continued

[1982 = 100]

Year or month

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982..1983198419851986198719881989

199019911991:Jan



July2

AugSeptOctNov

Industrial commodities—Continued

Rubberand

plasticproducts

35.643.739.636 937.542.443.042.842.842.6

42.741 139.940.139 639.740.541.442.843.6

44.945.245.346.656.462.266.069.472.480.5

90.196.4

100.0100.8102.3101.9101.9103.0109.3112.6

113.6115.1

116.0116.0115.8115.5115.2115.0

114.8114.7114.6114.7114.6114.7

114.7114.3114.3114.6114.9115.0

115.2115.3115.8115.6115.7

Lumberand

woodproducts

31434.133.233132.534.134.632.832.534.7

33.532 032.232.833 533.735 235.139.844.0

39.944.750.762.264.562.172.283.096.9

105.5

101.5102.8100.0107.9108.0106.6107 2112.8118.9126.7

129.7132.1

127.6127.2127.8129.2132.3136.2

136.9133.3133.4133.2133.4134.6

137.6142.9145.7147.5147.6146.3

145.3144.9148.4148.5149.2

Pulp,paper,

andallied

products

«- 25.730.529.729 629.630.432.433.033.433.7

34.033 033.433.133.033.334.234.635.036.0

37.538.139.342.352.559.062.164.667.775.9

86.394.8

100.0103.3110.3113.3116 1121.8130.4137.8

141.2142.9

143.6143.8143.7143.2143.0142.7

142.3142.2142.3142.6142.8142.7

144.1144.2144.4144.9145.2145.1

145.2145.3145.8146.0145.8

Metalsand

metalproducts

22.024.524.525 325.527.229.630.230.030.6

30.630.530.230.331.132.032.833.234.036.0

38.739.440.944.057.061.565.069.375.386.0

95.099.6

100.0101.8104.8104.4103 2107.1118.7124.1

122.9120.2122.4121.9121.5121.3120.5119.7

119.6119.5119.5119.3118.9118.7

118.2118.9119.4119.6119.5119.6

120.0120.2119.6118.9118.2

Machinery

andequipment

22.625.325.325 926.327.229.331.432.132.8

33.033 033.033.133.333.734.735.937.038.2

40.041.442.343 750.057.961365.270.376.7

86.094.4

100.0102 7105.1107.2108 8110.4113.2117.4

120.7123.0

122.6122.9123.0123.1123.1123.1

123.0123.0123.0123 0123.1123.2

123.3123.5123.6123.4123.4123.2

123.1123.1123.2123.3123.2

Furnitureand

householddurables

40.944.443.544.444.945.146.347.547.948.0

47.847.547.246.947.146.847.448 349.750.7

51.953.153.855.761.867.570.373.277.582.8

90.795.9

100.0103.4105.7107.1108 2109.9113.1116.9

119.2121.2

120.6120.9121.0121.2121.2121.2

121.2121.2121.2121.4121.4121.5

121.8121.8121.9122.0122.1122.2

122.212?.1122.2122.2122.5

Non-metallicmineral

products

23.525 025.026.026.627 328.529.629.930.3

30.430.530.530.330.430.430.731232.433.6

35.338.239.440.747.854.458.262.669.677.6

88.496.7

100.0101.6105.4108.6110.0110.0111.2112.6

114.7117.2116.9117.2117.4117.3117.3117.3117.2117.1117.2117.4117.2117.1

117.2117.1117.3116.9116.9117.0

117.1117 3117.4117.5117.7

Transportationequipment

Total

40.4

41.944.245 546.150.356.760.564.669.575.3

82.994.3

100.0102.8105.2107.9110 5112.5114.3117.7

121.5126.4125.2125.7125.7125.5125.6125.6125.7126.0125.2129.1128.9129.0

129.8129.7130.0130.2130.2130.1

130.2129 6128.1132.0131.9

Motorvehicles

andequip-ment

30.031633.433.333.434 336.337.939.039.9

39.339 239.238.939139.239.239.840.941.7

43.345.747.047.451.457.661.265.270.075.8

83.194.6

100.0102.2104.1106.41091111.7113.1116.2

118.2122.1121.9122.4122.2121.5120.7120.6120.5120.6119.2125.8125.4124.9

124.8124.6124.9124.8124.7124.3

124.4123.9121.1126.9126.9

Miscella-

neousproducts

28.630 330.231.031.331331.732.633.333.4

33.633 733.934.234 434.735.336 237.038.1

39.840.841.543.348.153.455.659.466.775.5

93.696.1

100.0104.8107.0109.41116114.9120.2126.5

134.2140.9139.1138.9139.4140.0140.1140.9141.8141.7141.5141.4141.8143.4

143.9143.9144.0144.8146.4146.2

146.3143.7145.3145.3145.8



TABLE B-64.—Changes in producer price indexes for finished goods, 1955-92

[Percent change]

Year or month

19551955195719581959

19601961196219631964196519661967.....196819691970197119721973197419751976197719781979198019811982.198319841985198619871988198919901991


1992:JanFebMar

May.;;;;;;;June.July 2

AugSeptOctNov

Totalfinishedgoods

Dec. toDec.1

1.04.2

- . 318

- . 63

— 3'.6

3.3201.73.14.9213.339

11.718 36.6386.793

12.8

11.87.136.6

1.71.8

- 2 . 322a4.95.7

- .1

Yearto year

0.32.63.82.2

- .39

0

_ 3.'3

1.82 9Li2.83.8343.1329.1

15 410.6456A79

11.213.49.2411.62.11.0

- 1 . 42 12.55.24.92.1

Finishedconsumer

foods

Dec. toDec 1

- 3 . 03.75.1.6

5 3- 1 . 9

6

\s9 Ii ^

- .34.68.1

- ? 35.879

22.712 85.6

- 2 . 56.9

1177.47.51.5202.33.5.6

2.8_ 25.75.22.6

- 1 . 5

Yearto year

- 2 . 3- .3

- .

_

-

.3

7

.0

"h.1.3

g,;93.0

3.6

5420.514 08.4

_ 35.3909.35.85.822L04.4

- .82.62 12.85.44.8

-.2

Finished goods excluding consumer foods

Total

Dec. toDec1

233.3432.0236.6

2117.2626.883

14.813.48.74201.12.2

- 4 . 0323.24.86.9

3

Yearto year

'""YB2.83 53.7204.0

16 212.16?7.17 ?

1L816.210.3461.81.41.4

- 2 . 62 12^5.05.03.0

Consumergoods

Dec. toDec.1

1.62.51.5.3.9•3

_ 3

cT•5

.91.82.02.02.8382.12 17.5

20 36.8606.785

17.614.18.642

- .9g

2 1- 6 . 6

4 13.15.38.7

-.7

Yearto year

0.52.62.501.2

— .3Q0

-.3.9

1.51.82.32.3303.5184.6

17 010.4627.37 1

13.318.510.34.11.21.01.1

- 4 . 6222^5.65.92.9

Capitalequipment

Dec. toDec 1

5.58.14.61 9

;§3

0

'.6g

1.53.83.13.04.8482.4? 15.1

22 78.1657.2808.8

11.49.2392.01.82.72.11 33.63.83.42.5

Yearto year

26 '7716126IS

c

33

9

24? 53435* ~i

4 02633

14 315 26764798.7

10.710.3572.82.32.22.01 82.33.93.53.1

Finishedenergygoods

Dec. toDec.1

1 16 3116

1 12 085

1 58.127.914.1_ l

- 9 . 2- 4 . 2- .2

- 3 8 . 1112

- 3 . 69.5

30.7- 9 . 6

Yearto year

17 211715 765

35.049.219.1

- 1 5- 4 . 8- 4 . 2- 3 . 9

- 2 8 . 1- 1 9- 3 . 2

9.914.24.1

Finished goodsexcluding foods

and energy

Dec. toDec.1

17 7605762849.4

10.87.74.91.92.02.72.7214.34.23.53.1

Yearto year

1141145760758.9

11.28.6573.02.42.52.3243.34.43.73.6

Percent change from preceding month

Unad-justed

0.2-.7-.4

.2

.6

.1- .2

.1- .2

.7

.1- .3- .1

.2

.1

.2

.7

.6-.2_ 2- .2

.8- .3

Sea-son-allyad-

justed

0.2- .7- .3

.2

.2- .2- .2

.2

.2

.2

.1- .1-.2

.2

.2

.3

.2

.20.1.3.1

- .2

Unad-justed

0.5-.2

.5

.1

.4- .4- .6

- 1 . 0- .5

.20

-.6.2.7

- .1- .4

.20

- .2.3

0.3

-.2

Sea-son-allyad-

justed

- 0 . 10.1.3

_ 2

-2- .6- .5- .10

-.2- .1_ 4

i!o- .5- .3- .2

.2- .2

.7

.4

.1- .5

Unad-justed

0.1- .8- .7

.2

.7

.2- .1

.3- .1

.7

.1_ 2- .2

.1

.2

.4

.7

.7-.2- .2- .2

.9- .2

Sea-son-allyad-

justed

0.2-.7- .6

.1

.2- .2- .1

.4

.5

.4

.2-.2- .1

.1

.4

.4

.4

.20

- .1.3.1

-.2

Unad-justed

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

.3- .2

.50.6

0-.4- .30.2.5

1.11.0

- .1- .3_ 2

7-.4

Sea-son-allyad-

justed

- 0 . 1- 1 . 2- .9

.1

.3- .3- .1

.5

.6

.5

.2- .3-.4

.2

.3

.5

.6

.40

- .2.3.2

-.2

Unad-justed

0.8.2

i

o'o"2.1

- .1_ 2L30.1.5.1.2.2

- .1- .1- .10

- .61.6

- .1

Sea-son-allyad-

justed

0.9.2.2

0.3.1.1.1.2.2.2.2.5.1.3.2.1

- .1.1.2

0-.2_ i

Unad-justed

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

.33.0.5

- 1 . 11.7.4

- 1 . 0- .3

- 1 . 9- 3 . 0

0.1

1.33.24.1

-.7- .1

.7- 1 . 1- 1 . 9

Sea-son-allyad-

justed

- 2 . 0- 4 . 6- 3 . 1

- . 5.9

- .8- 1 . 0

1.6.4

1.2.1

- 1 . 4- 2 . 8

.5

.5

.71.02.5

- .6- .3

.81.4

- 1 . 5

Unad-justed

0.9.2.1.2

0•2.2

0-.21.3.1.2.5.1.1.2.1

- .1.1

- .3- .41.4.1

Sea-son-allyad-

justed

0.9.2.2

i0.2.2.3.2.2.2.5.1.3.4.3

-.2.1

- .1.2

- .1.1

1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through July 1992 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.

422


MONEY STOCK, CREDIT, AND FINANCE

TABLE B-65.—Money stock, liquid assets, and debt measures, 1959-92

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

Yearand

month

Ml

Sum ofcurrency,demanddeposits,travelers

checks, andother

checkabledeposits(OCDs)

M2

Ml plusovernightRPs and

Eurodollars,MMMF

balances(general

purpose andbroker/dealer),

MMDAs, andsavings andsmall timedeposits

M3

M2 pluslarge timedeposits,term RPs,

termEurodollars,

andinstitution-only MMMF

balances

M3 plusother liquid

assets

Debt1

Debt ofdomestic

nonfinancialsectors

(monthlyaverage)

Percent change from year or 6months earlier2

Ml M2 M3 Debt

December:1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989..19901991


1992:JanFebMar

fe==JuneJulyAugSeptOctNov

140.0140.7145.2147.9153.4160.4167.9172.1183.3197.5204.0214.5228.4249.3262.9274.4287.6306.4331.3358.4382.7408.8436.5474.6521.4552.5620.2724.6750.0786.9794.1826.1898.1826.2836.2842.3842.7850.9857.3860.0866.5872.0880.9891.4898.1910.4931.0939.0942.8954.3951.7960.5973.1988.6

1,007.31,019.0

297.8312.4335.5362.7393.3424.8459.4480.0524.4566.4589.6628.1712.7805.2861.0908.6

1,023.31,163.71,286.61,388.71,496.7

1,629.51,792.91,951.92,186.12,374.32,569.42,811.12,910.83,071.13,227.33,339.03,439.83,344.03,369.43,386.93,394.83,405.63,411.83,407.53,409.73,411.93,417.93,431.63,439.8

3,447.63,474.43,475.73,471.53,473.03,464.13,461.63,471.23,481.83,497.13,507.5

299.8315.3341.1371.5406.1442.5482.3505.1557.1606.3615.1677.4776.2886.1985.0

1,070.41,172.21,311.81,472.51,646.41,802.81,987.02,233.62,440.62,693.02,987.43,203.23,494.33,681.13,923.14,059.84,114.94,171.04,125.94,160.24,165.84,168.64,170.54,167.94,157.54,156.84,152.84,159.04,166.94,171.04,173.74,198.74,191.84,179.44,178.74,166.74,162.94,176.34,183.04,184.74,191.4

388.7

403.7430.8466.1503.8540.4584.5614.8666.6729.0763.6816.3903.0

1,023.01,142.61,250.31,367.01,516.61,705.21,910.52,115.82,323.82,596.22,850.43,154.33,528.83,830.44,134.34,339.34,677.14,890.64,965.54,988.14,980.65,007.25,002.54,976.74,956.74,984.94,990.04,983.64,972.64,976.34,989.44,988.14,980.65,009.15,019.95,012.75,002.55,013.75,006.05,024.85,043.85,050.7

688.2723.0765.4817.4872.1935.0

1,002.91,069.61,144.21,236.21,327.41,418.71,551.21,706.91,892.82,062.32,241.22,484.32,804.93,183.63,574.23,913.14,299.54,700.25,244.66,008.26,875.37,795.28,546.29,326.3

10,076.710,751.411,201.310,777.210,825.410,863.310,886.810,940.810,993.911,026.711,062.911,094.811,133.411,174.611,201.311,237.511,288.211,345.011,397.411,443.111,490.311,527.211,564.711,596.511,622.4

0.53.21.93.74.64.72.56.57.73.35.16.59.25.54.44.86.58.18.26.86.86.88.79.96.0

12.316.83.54.9

.94.08.74.04.94.75.06.67.68.27.27.19.19.59.5

11.714.915.414.114.111.911.09.0

10.613.713.6

4.97.48.18.48.08.14.59.38.04.1

6.513.513.06.95.5

12.613.710.67.97.88.9

10.08.9

12.08.68.29.43.55.55.13.53.02.73.23.43.64.34.43.82.41.51.41.51.62.43.83.73.12.41.4.8

- . 2.4

1.52.0

5.28.28.99.39.09.04.7

10.38.81.5

10.114.614.211.28.79.5

11.912.311.89.5

10.212.49.3

10.310.97.29.15.36.63.51.41.41.72.62.42.52.72.61.5

- . 2- . 6- . 5- . 2

.1

.82.01.91.0.6

- . 2- . 5

- 1 . 1- . 4

'.S

7.65.15.96.86.77.27.36.77.08.07.46.99.3

10.010.99.08.7

10.812.913.512.39.59.99.3

11.614.614.413.49.69.18.06.74.25.34.94.54.34.24.54.64.44.34.54.33.83.84.14.54.74.85.25.24.94.43.9

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

2 Annual changes are from December to December; monthly changes are from 6 months earlier at a simple annual rate.

Note.—See Table B-66 for components.



TABLE B-66.—Components of money stock measures and liquid assets, 1959-92

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

Yearand

month

December:1959I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987 . . .1988198919901991 .

1991- JanFebMarAprMayJuneJulyAugSeptOctNovDec

1992: JanFebMarAprMayJuneJulyAugSept. ...OctNov

Currency

28 828.729 330.332 233.936 038.040 043.045 748.652 056.260 867.072 879.587 496.0

104 8115.3122 6132.5146 2156.1167 9180.8197.0212.3222 6246.8267.3251 5254 6256.0256 3256 6257.6259.3261.3262.9264 8266.0267.3269.4271.6271 8273 6274 7276.2278 9282.3286.4288 4290.0

Travelerschecks

0.4.44.45

6.67.88

1.0111.3151.8232.8313.5384.24 44.3495.2596.47.07.5748.38.2838.28.178807.97.87.87.87.98.08.28.28.18080807.9787.98.3868.6

Demanddeposits

110.8111.6115.5117.1120.6125.8131.3133.4142.5153.6157.3164.7175.1191.6200.3205.1211.6221.5236 7250.4257 4261.22312234.0238 5243.9266 7302.0286.8286.5279 0277.1289.5271 8275.9276.9276 1278 4280.1279.3280.1280.6283.8287.6289.5293.9305.1309 63112315 1311.0315 6320.6327.8336 2339.2

Othercheckabledeposits(OCDs)

0.0.0.0.0.1.1.1.1.1.1.2.1.2.2.3.4.9

2.74.28.5

16.828.078.3

103.7131.8147.2179.7235.3259.3280.62851293.9333.2294 6297.5301.3302 5307 8311.6313.7317.3320.6324.5329.7333.2339.0346.3349 5350.0356 4356.7358 2362.2366.1374 0381.2

Overnightrepur-chase

ments(RPs)

net, plusovernightEurodol-

lars 1

NSA

0.0.0.0.0.0.0.0.0.0.0

2.21.32.32.85.35.75.9

10.714.920.721.728.836.639.955.660.673.582.384.183.277.674.776.271970.469.269 668 567.965.067.666.870.073.776.277.777.674 672.669.272.072 475.874.175174.9

Money market mutualfund (MMMF)

balances

Generalpurpose

andbroker/dealer2

0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0

1.72.72.42.46.4

33.461.6

150.6184.5138.3167.1176.1208.0221.7241.9316.3348.9360.5356.6361.0365.0366.6367.8368.8367.9362.4359.9359.3359.5360.5358.6361.7358.3355.9356.7355.3351.7349.7344.7347.6348.7

Institu-tion

only2

0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.2.4.6.9

3.19.5

15.238.051.142.763.765.886.192.191.0

107.2133.7179.1138.3145.5148.5152.9155.2155.3155.4158.6162.6168.2173.6179.1182.4188.2185.3189.2194.8199.7207.7217.2217.2205.6203.5

Savingsdeposits,including

moneymarketdeposit

accounts(MMDAs)3

146.5159.1175.5194.7214.4235.3256.9253.2263.7268.9263.6260.9292.2321.4326.7338.5388.6452.6491.1480.3422.0398.2342.2398.5684.0704.2814.4940.1937.0926.2891.2920.7

1,042.6922.3931.0941.7953.0966.1976.8986.1994.1

1,002.41,015.01,028.71,042.61,061.21,083.91,098.01,111.21,122.41,127.01,134.41,145.61,159.61,171.61,181.8

1 Includes continuing contract RPs.2 Data prior to 1983 are not seasonally adjusted.3 Data prior to 1982 are savings deposits only; MMDA data begin December 1982.


424


TABLE B-66.—Components of money stock measures and liquid assets, 1959-92—Continued

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

Yearand

month

Smalldenomi-nationtime

deposits4

Largedenomi-nationtime

deposits4

Termrepur-chaseagree-ments(RPs)

NSA

TermEuro-

dollars

NSA

Savingsbonds

Short-term

Treasurysecurities

Bankersaccept-ances

Commer-cialpaper

December:195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991

1991: Jan..Feb..Mar..

May"JuneJuly..Aug..Sept.Oct..Nov..Dec.

1992: Jan..Feb..Mar..Apr..May.JuneJuly..Aug.!Sept.Oct..Nov..

11.412.514.820.125.629.234.555.077.8100.6120.4151.1189.7231.6265.8287.9338.0390.9445.7521.2633.8727.0820.2847.2780.8884.9881.7854.8917.5

1,032.91,148.51,168.71,063.01,169.31,169.51,165.91,159.71,150.91,140.61,129.51,120.81,111.01,095.21,079.21,063.01,042.91,019.81,002.8985.3968.7956.2942.4927.9915.2898.8884.4

1.22.03.97.010.815.221.223.130.937.420.445.257.773.4

111.1144.8129.8118.1145.0194.9221.4257.6299.1323.3324.8415.6436.1439.5489.1541.2559.3495.2437.1496.7499.6492.7487.5483.5478.5471.4465.6458.5450.0442.3437.1427.9420.7413.0405.7400.9395.3388.5384.6380.0373.2369.5

0.0.0.0.0.0.0.0.0.0.0

2.71.62.73.56.77.88.113.918.926.229.133.535.333.449.957.662.480.6106.0121.899.189.670.588.786.783.582.280.478.478.778.276.575.273.370.570.571.773.372.573.473.672.573.375.177.379.4

0.7.81.51.61.92.41.82.22.22.92.72.22.73.65.58.19.814.820.231.844.750.367.581.791.582.976.583.891.0105.779.568.757.269.269.868.265.262.361.662.763.661.562.861.557.255.355.957.955.052.851.850.850.848.648.248.8

46.145.746.546.948.149.049.650.251.251.851.752.054.357.660.463.367.271.876.480.379.672.367.868.071.174.279.591.8100.6109.4117.5126.0137.9126.9127.9129.0130.1131.3132.4133.5134.4135.2136.1137.1137.9138.9140.1141.2142.4143.5144.6145.9147.5149.5152.0

38.636.737.039.840.738.540.743.238.746.159.548.836.040.749.352.868.469.878.181.1107.8133.5149.4183.6211.9260.9298.2279.8252.8268.8324.7331.3316.1329.0327.3322.0305.7297.8323.5331.1328.9321.2319.7322.9316.1310.0319.9327.7327.6328.9333.3325.2327.8326.4322.9

0.6.9

1.11.11.21.31.61.81.82.33.33.53.83.55.0

12.610.710.814.122.027.232.140.044.545.045.442.037.144.339.840.134.023.335.334.632.130.629.128.128.127.225.825.324.523.323.222.922.221.622.022.021.720.920.421.6

3.65.15.26.87.79.1

10.214.417.822.534.034.532.735.242.851.248.552.564.180.798.498.8

105.3113.7133.2160.8207.5231.2260.5336.1348.6359.3339.7363.4357.1353.8341.6327.9333.0339.8336.3337.7336.2337.9339.7334.8327.5337.0341.7329.4347.1350.3352.4364.4369.5

4 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-65.



TABLE B-67.—Aggregate reserves of depository institutions and monetary base, 1959-92

[Averages of daily figures1; millions of dollars; seasonally adjusted, except as noted]

Year and month

Adjusted for changes in reserve requirements 2

Reserves of depository institutions

Total Nonbor-rowed

Nonbor-rowedplus

extendedcredit

Required

Mone-tary

Borrowings of depositoryinstitutions from the Federal

Reserve, NSA

Total SeasonalExtended

credit

December:1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991




JulyAugSeptOctNov

11,109

11,24711,49911,60411,73012,011

12,31612,22313,18013,76714,168

14,55815,23016,64517,02117,550

17,82218,38818,99019,75320,720

22,01522,44323,60025,36726,878

31,48539,00538,93440,46840,558

41,83245,601

42,22142,12041,94841,88442,38942,710

42,84543,28243,48744,13844,78545,60146,18647,74648,47649,00149,49449,234

49,48950,32251,34653,14354,069

10,168

11,17211,36611,34411,39711,747

11,87211,69012,95213,02113,049

14,22515,10415,59515,72316,823

17,69218,33518,42018,88519,248

20,32521,80722,96624,59323,692

30,16738,17938,15738,75240,293

41,50645,409

41,68741,86841,70741,65242,08642,370

42,23842,51742,84143,87744,67745,40945,95347,66848,38548,91149,33949,005

49,20550,07151,05853,00053,965

10,168

11,17211,36611,34411,39711,747

11,87211,69012,95213,02113,049

14,22515,10415,59515,72316,970

17,70418,33518,42018,88519,248

20,32821,95623,15224,59526,296

30,66638,48238,64039,99640,313

41,52945,410

41,71441,90141,76041,73842,17442,377

42,28442,81843,14343,88944,67845,41045,95447,67048,38648,91349,33949,005

49,20550,07151,05853,00053,965

10,603

10,50310,91511,03311,23911,605

11,89211,88412,80513,34113,882

14,30915,04916,36116,71717,292

17,55618,11518,80019,52120,279

21,50122,12423,10024,80626,023

30,44837,63537,88839,42039,636

40,16744,623

40,05240,31140,76940,85341,35941,701

41,93942,19642,55843,05543,89344,62345,18346,68147,44747,86348,49448,321

48,52449,38750,35252,06953,027

40,880

40,97741,85342,95745,00347,161

49,62051,56554,57958,35761,569

65,01369,10875,16781,07387,535

93,887101,515110,323120,445131,143

142,004149,021160,127175,467187,248

203,601223,732239,967256,973267,772

293,287317,254

298,001301,466302,779303,017303,734305,003

306,794309,132310,929313,281315,332317,254319,695323,411324,512326,500328,584329,642

332,255336,865341,545345,610348,116

941

74133260332264

444532228746

1,119

332126

1,0501,298

727

13053

569868

1,473

1,690636634774

3,186

1,318827777

1,716265

326192

534252241231303340

607764645261108192233

779190

155229

284251287143104

4132

141355

13582

116543396

113

563893

13084

7638

33375579

151222

317331287211

86381722324798

149

20322319311440

147

12

3148186

22,604

499303483

1,24420

231

27345386

46300302

1211122200

00000

1 Data are prorated averages of biweekly (maintenance period) averages of daily figures.2 Aggregate reserves incorporate adjustments for discontinuities associated with regulatory changes to reserve requirements. For

details on aggregate reserves series see Federal Reserve Bulletin.

Note.—NSA indicates data are not seasonally adjusted.

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

426


TABLE B-68.—Commercial bank loans and securities, 1972-92

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

Year and month

Totalloansand

securi-t ies2

U.S.Govern-

mentsecuri-

ties

Othersecuri-

ties

Loans and leases

Total 2

Com-mercial

andindus-trial

Realestate

Indi-vidual

Secu-rity

Non-bankfinan-

cialinsti-

tutions

Agri-cul-tural

Stateand

politi-cal

subdi-visions

For-eign

banks

For-eign

officialinsti-

tutions

Leasefinanc-

receiv-ables

Other

December:197219731974

19751976197719781979

19801981198219831984 .....

19851986198719881989

19901991

1991:JanFebMar

May"".."....".'June



JulyAugSeptOctNov

572.5647.8713.7

745.1804.6891.5

1,013.91,135.6

1,238.61,307.01,400.41,552.21,722.2

1,909.52,093.22,238.52,422.82,590.8

2,730.82,838.7

2,735.82,747.32,759.92,763.52,764.82,773.3

2,773.82,776.92,789.12,805.52,822.72,838.7

2,852.02,854.82,863.12,877.52,877.62,883.7

2,884.42,897.22,913.32,924.92,936.6

89.088.286.3

116.7136.3136.6137.6144.3

170.6179.3201.7259.2260.2

270.8310.0335.8363.5398.2

454.1562.6

456.8460.7470.8478.1483.9493.5

502.4512.6523.0538.7550.8562.6

566.2571.2579.5592.3601.7611.7

619.5634.1639.1646.2653.6

93.499.4

107.5

111.2113.5122.7129.2141.9

154.4160.5164.8169.1140.9

179.0193.9193.6192.4181.7

177.9179.4

178.3178.3178.5177.5176.8176.3

175.8174.4176.3177.9178.8179.4

179.7180.5178.1178.5177.1175.5

177.8178.1178.0178.9177.9

390.1460.2519.9

517.2554.8632.3747.1849.4

913.5967.3

1,033.91,123.91,321.1

1,459.81,589.41,709.11,866.92,010.9

2,098.82,096.6

2,100.72,108.32.110.52,108.02,104.02,103.6

2,095.52,089.92,089.82,099.92,093.22,096.6

2,106.12,103.12,105.52,106.72,098.82,096.5

2,087.12,085.12,096.22,099.82,105.0

137.1165.0196.6

189.3190.9211.0246.2291.4

325.7355.4392.5414.2473.1

500.2537.0567.1606.8640.2

643.2618.0

638.6638.2638.7635.1630.5625.8

623.8619.5622.0622.6621.7618.0

617.3613.2610.9609.2607.3604.7

603.1600.7602.9603.3606.0

98.1117.3130.1

134.4148.8175.2210.5241.9

262.6284.1299.9331.0376.2

425.8494.0586.9670.1759.5

843.3873.1

847.7852.8857.7861.5863.8868.5

867.3866.7868.1869.8871.9873.1

873.5877.5879.4881.4882.6881.2

878.9878.4882.6887.1889.5

86.398.6

102.4

104.9116.3138.3164.7184.5

179.2182.5188.2212.9253.8

294.7315.3328.3354.5374.8

379.6363.5

374.9376.3375.2374.4373.8373.1

370.9370.3367.3364.2363.1363.5

363.1363.6362.2360.7358.9359.0

358.6357.2356.5355.2354.6

15.612.912.7

13.517.721.019.718.7

18.021.425.328.034.4

43.040.334.841.241.5

44.754.5

49.851.848.248.549.149.0

47.448.450.051.153.554.5

59.457.160.464.961.663.9

60.762.566.265.764.4

21.728.534.5

28.926.425.826.229.3

29.329.931.230.431.3

32.435.032.032.334.3

35.740.6

35.536.136.935.836.138.6

37.736.937.137.237.840.6

40.842.643.742.743.042.0

40.741.844.344.345.1

14.317.218.3

20.123.225.828.231.1

31.633.136.239.240.1

36.131.529.428.729.8

32.034.0

31.931.933.033.633.733.9

34.034.334.534.133.834.0

33.733.534.334.434.334.8

34.835.335.335.034.7

0.046.0

56.758.552.445.140.0

33.929.1

32.832.932.832.331.731.4

31.030.630.329.729.429.1

28.028.128.027.727.226.8

26.426.026.025.525.2

3.96.28.3

9.011.713.721.518.6

23.818.114.713.411.6

9.910.37.87.78.2

7.57.4

1.62.12.2

2.42.82.74.96.9

11.57.25.99.48.4

6.36.35.75.03.5

2.82.4

2.62.72.82.52.42.5

2.32.22.32.42.52.4

2.32.12.12.02.02.0

2.12.12.12.12.5

1.42.13.2

4.05.15.77.49.3

10.912.713.313.716.0

19.022.424.629.331.8

32.831.7

32.733.033.133.133.033.3

32.531.931.831.631.531.7

31.531.631.531.631.732.0

31.030.730.830.630.5

10.110.211.5

10.711.912.917.817.8

21.122.926.831.830.2

35.638.840.146.247.1

43.342.4

47.445.944.744.143.441.1

42.342.739.839.541.142.4

49.247.146.545.643.342.4

43.143.341.643.845.8

1 Data are prorated averages of Wednesday figures for domestically chartered banks and for foreign-related institutions beginning July1981. Prior to July 1981, data for foreign-related institutions are averages of current and previous month-end data.

2 Excludes loans to commercial banks in the United States.

Note.—Data are not strictly comparable because of breaks in the series.



TABLE B-69.—Bond yields and interest rates, 1929-92

[Percent per annum]

Yearand

month

1929193319391940194119421943 .1944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992

1987:JanFebMar....AprMay....June...July....Aug....Sept...OctNovDec

U.S. Treasury s

Bills(new issues)1

3-month

0.515.023.014103

.326373.375375.375594

1.0401.1021.21815521.7661.931.953

1.7532.6583.2671.8393.4052.9282.3782.7783.1573.5493.9544.8814.3215.3396.6776.4584.3484.0717.0417.8865.8384.9895.2657.221

10.04111.50614.02910.6868.639.587.485.985.826.698.127.515.423.45

5.455.595.565.765.755.695.786.006.326.405.815.80

6-month

3"832"3.2472.6052.9083.2533.6864.0555.0824.6305.4706.8536.5624.5114.4667.1787.9266.1225.2665.5107.572

10.01711.37413.77611.0848.759.807.666.036.056.928.047.475.493.57

5.475.605.565.936.115.995.866.146.576.866.236.36

ecurities

Constantmaturities2

3-year

2"47"1.632.473.193.982.844.463.983.543.473.674.034.225.235.035.687.027.295.655.726.957.827.496.776.698.299.71

11.5514.4412.9210.4511.899.647.067.688.268.558.266.825.30

6.416.566.587.328.027.827.748.038.678.757.998.13

10-year

£85*2.402.823.183.653.324.334.123.883.954.004.194.284.925.075.656.677.356.166.216.847.567.997.617.428.419.44

11.4613.9113.0011.1012.4410.627.688.398.858.498.557.867.01

7.087.257.258.028.618.408.458.769.429.528.868.99

Corporatebonds

(Moody's)

Aaa

4 734.493.012.842 772.832 732.722 622.532 612.822.662.622 862.963.202.903.063.363.893.794.384.414.354.334.264.404.495.135.516.187.038.047.397.217.448.578.838.438.028.739.63

11.9414.1713.7912.0412.7111.379.029.389.719.269.328.778.14

8.368.388.368.859.339.329.429.67

10.1810.5210.0110.11

Baa

5 907.764.964.754 334.283 913.613 293.053 243.473.423.243 413.523.743.513.533.884.714.735.055.195.085.024.864.834.875.676.236.947.819.118.568.168.249.50

10.619.758.979.49

10.6913.6716.0416.1113.5514.1912.7210.3910.5810.8310.1810.369.808.98

9.729.659.61

10.0410.5110.5210.6110.8011.3111.6211.2311.29

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

4 274.712.762.502 102.362 061.861671.642 012.402.211.982 002.192.722.372 532.933.603.563.953.733.463.183.233.223.273.823.984.515.816.515.705.275.186.096.896.495.565.906.398.51

11.2311.579.47

10.159.187.387.737.767.247.256.896.41

6.636.666.717.628.107.897.837.908.368.848.098.07

New-homemort-gage

yields3

£895.835.816.256.466.977.818.457.747.607.968.929.009.009.029.56

10.7812.6614.7015.1412.5712.3811.5510.179.319.19

10.1310.059.32

9.519.239.149.219.379.459.419.389.379.259.309.15

Commer-cial

paper,6

months4

5 851.73.59.5653.6669.7375.81

1031.441.491.452 162.332.521.582.183.313.812.463.973.852.973.263.553.974.385.555.105.907.837.715.114.738.159.846.325.345.617.99

10.9112.2914.7611.898.89

10.168.016.396.857.688.807.955.853.80

5.765.996.106.507.047.006.726.817.557.967.177.49

Prime ratecharged by

banks5

5 50-6 001.50-4.00

1.501.501 501.501 501.501 501.50

1 50-1 751.75-2.00

2.002.072 563.003.173.053.163.774.203.834.484.824.504.504.504.504.545.635.616.307.967.915.725.258.03

10.817.866.846.839.06

12.6715.2718.8714.8610.7912.049.938.338.219.32

10.8710.018.466.25

High-low

7.50- 7.507.50- 7.507.50- 7.507.75- 7.508.25- 7.758.25- 8.258.25- 8.258.25- 8.258.75- 8.259.25- 8.759.00- 8.758.75- 8.75

Discountrate,

FederalReserveBank of

New York5

5 162.561.001.00100

71.007 10071.007 1 0071.00

1001.341.501.591751.751.991.601.892.773.122.153.363.533.003.003.233.554.044.504.195.165.875.954.884.506.447.836.255.505.467.46

10.2811.7713.4211.028.508.807.696.335.666.206.936.985.453.25

High-low

r 5.50-5.505.50-5.505.50-5.505.50-5.505.50-5.505.50-5.505.50-5.505.50-5.506.00-5.506.00-6.006.00-6.006.00-6.00

Federalfundsrate6

1782.733.111.573.303.221.962.683.183.504.075.114.225.668.207.184.664.438.73

10.505.825.045.547.93

11.1913.3616.3812.269.09

10.238.106.816.667.579.218.105.693.52

6.436.106.136.376.856.736.586.737.227.296.696.77

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 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.See next page for continuation of table.

428


TABLE B-69.—Bond yields and interest rates, 1929-92—Continued

[Percent per annum]

Yearand

month

1988:JanFebMar....

May"!!!June...July....Aug....Sept...OctNovDec

1989:JanFebMar....

May!!!!June...July....Aug....Sept...OctNovDec. . .

1990:JanFebMar....

May!!!!June...July....Aug....Sept...OctNovDec

1991:JanFebMar....AprMay....June...July....Aug....Sept...OctNovDec

1992:JanFebMar....AprMay....June...July ...Aug....Sept...OctNovDec

U.S. Treasury securities

Bills(new issues)1

3-month

5.905.695.695.926.276.506.737.027.237.347.688.09

8.298.488.838.708.408.227.927.917.727.637.657.64

7.647.767.877.787.787.747.667.447.387.197.076.81

6.305.955.915.675.515.605.585.395.255.034.604.12

3.843.844.053.813.663.703.283.142.972.843.143.25

6-month

6.315.965.916.216.536.766.977.367.437.507.768.24

8.388.498.878.738.398.007.637.727.747.617.467.45

7.527.727.837.827.827.647.577.367.337.207.046.76

6.345.935.915.735.655.765.715.475.295.084.664.16

3.883.944.193.933.783.813.363.233.012.983.353.39

Constantmaturities2

3-year

7.877.387.507.838.248.228.448.778.578.438.729.11

9.209.329.619.408.988.377.838.138.268.027.807.77

8.138.398.638.788.698.408.268.228.278.077.747.47

7.387.087.357.237.127.397.386.806.506.235.905.39

5.405.726.185.935.815.604.914.724.424.645.145.21

10-year

8.678.218.378.729.098.929.069.268.988.808.969.11

9.099.179.369.188.868.288.028.118.198.017.877.84

8.218.478.598.798.768.488.478.758.898.728.398.08

8.097.858.118.048.078.288.277.907.657.537.427.09

7.037.347.547.487.397.266.846.596.426.596.876.77

CorporatehnnrlcDonos

(Moody's)

Aaa

9.889.409.399.679.909.869.96

10.119.829.519.459.57

9.629.649.809.799.579.108.938.969.018.928.898.86

8.999.229.379.469.479.269.249.419.569.539.309.05

9.048.838.938.868.869.019.008.758.618.558.488.31

8.208.298.358.338.288.228.077.957.927.998.107.98

Baa

11.0710.6210.5710.9011.0411.0011.1111.2110.9010.4110.4810.65

10.6510.6110.6710.6110.4610.039.879.889.919.819.819.82

9.9410.1410.2110.3010.4110.2210.2010.4110.6410.7410.6210.43

10.4510.0710.099.949.869.969.899.659.519.499.459.26

9.139.239.259.219.139.058.848.658.628.848.968.81

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

7.817.557.807.918.017.867.877.867.717.547.587.66

7.417.477.617.497.256.976.977.087.277.227.137.01

7.137.217.297.367.347.227.157.317.407.407.107.04

7.056.907.077.056.957.097.036.896.806.596.646.63

6.416.676.696.646.576.506.126.086.246.386.356.24

New-homemort-gage

yields3

9.109.129.159.138.959.269.179.069.269.109.439.39

9.529.829.99

10.1710.1810.4210.4810.2210.2410.1110.0910.07

9.919.88

10.0310.1710.2810.1310.0810.119.909.989.909.76

9.659.579.439.609.529.469.439.489.309.048.648.53

8.498.658.518.588.598.438.008.007.937.908.07

Commer-cial

paper,6

months4

6.926.586.646.927.317.537.908.368.238.248.558.97

9.029.359.979.789.298.808.358.328.508.248.007.93

7.968.048.238.298.238.067.907.777.837.817.747.49

7.026.416.366.075.946.166.145.765.595.334.934.49

4.064.134.384.133.973.993.533.443.263.333.673.70

Prime ratecharged by

banks5

High-low

8.75- 8.758.75- 8.508.50- 8.508.50- 8.509.00- 8.509.00- 9.009.50- 9.00

10.00- 9.5010.00-10.0010.00-10.0010.50-10.0010.50-10.50

10.50-10.5011.50-10.5011.50-11.5011.50-11.5011.50-11.5011.50-11.0011.00-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.5010.50-10.50

10.50-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.00

10.00- 9.509.50- 9.009.00- 9.009.00- 9.009.00- 8.508.50- 8.508.50- 8.508.50- 8.508.50- 8.008.00- 8.008.00- 7.507.50- 6.50

6.50-6.506.50-6.506.50-6.506.50-6.506.50-6.506.50-6.506.50-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.00

Discountrate,

FederalReserveBank of

New York5

High-low

6.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.00-6.006.50-6.006.50-6.506.50-6.506.50-6.506.50-6.50

6.50-6.507.00-6.507.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.00

7.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-6.50

6.50-6.506.50-6.006.00-6.006.00-5.505.50-5.505.50-5.505.50-5.505.50-5.505.50-5.005.00-5.005.00-4.504.50-3.50

3.50-3.503.50-3.503.50-3.503.50-3.503.50-3.503.50-3.503.50-3.003.00-3.003.00-3.003.00-3.003.00-3.003.00-3.00

Federalfundsrate6

6.836.586.586.877.097.517.758.018.198.308.358.76

9.129.369.859.849.819.539.248.999.028.848.558.45

8.238.248.288.268.188.298.158.138.208.117.817.31

6.916.256.125.915.785.905.825.665.455.214.814.43

4.034.063.983.733.823.763.253.303.223.103.092.92

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

7 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 Housing Finance Board, Moody'sInvestors Service, and Standard & Poor's Corporation.


TABLE B-70.—Total funds raised in credit markets by nonjinancia I sectors, 1983-92


Item 1983 1984 1985 1986 1987 1988 1989 1990 1991

Net credit market borrowing by nonfinancial sectors

Total net borrowing by domestic nonfinancial sec-tors

U.S. Government

Treasury issues

Agency 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.cOpen-market paperOther

By borrowing sector:

State and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate

Foreign net borrowing in United States

BondsBank loans n.e.cOpen-market paperU.S. Government and other loans

Total domestic plus foreign

Total funds supplied to domestic nonfinancial sec-tors


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


553.3

185.2

185.3- . 1

368.1

263.8

54.416.0

193.4

125.914.151.0

2.4

104.4

48.925.0- . 831.3

368.1

34.6185.7147.8

3.983.960.1

17.3

3.13.66.54.1

570.7

765.4

197.2

197.4- . 2

568.2

334.6

58.746.1

229.9

143.825.262.2

-1 .2

233.5

81.767.921.762.2

568.2

35.7232.7299.8

- . 4123.2177.0

8.4

3.8- 6 . 6

6.25.0

773.7

903.1

225.7

225.8_ \

677.4

503.0

178.674.2

250.3

164.829.862.2

- 6 . 6

174.4

82.340.614.636.9

677.4

134.0284.9258.5

-14 .5130.0143.0

1.2

3.8- 2 . 8

6.2- 6 . 0

904.3

893.8

216.0

215.6.4

677.9

523.1

45.7127.1350.3

252.633.573.6

- 9 . 5

154.8

57.563.6

- 9 . 343.0

677.9

59.2319.4299.3

-16 .3100.7214.8

9.7

3.1- 1 . 011.5

- 3 . 9

903.5

721.2

143.9

142.41.5

577.3

487.2

83.578.8

325.0

235.324.471.6

-6 .4

90.1

32.99.91.6

45.7

577.3

83.0296.4197.8

-10.665.3

143.1

6.2

7.4-3 .6

3.8- 1 . 4

727.4

775.8

155.1

137.717.4

620.7

474.1

53.7103.1317.3

241.816.760.8

- 2 . 1

146.6

50.141.011.943.6

620.7

48.9318.6253.1

- 7 . 561.8

198.8

6.4

6.9- 1 . 8

8.7- 7 . 5

782.2

740.8

146.4

144.71.6

594.4

441.8

65.073.8

303.0

245.316.442.7

- 1 . 5

152.6

41.740.221.449.3

594.4

63.2305.6225.6

1.650.4

173.6

10.2

4.9- . 113.1

- 7 . 6

750.9

665.0

246.9

238.78.2

418.2

342.3

51.247.1

244.0

219.43.7

21.0- . 1

75.8

17.54.49.7

44.2

418.2

48.3254.2115.6

2.526.786.4

23.9

21.4- 2 . 912.3

- 6 . 9

688.9

Direct and indirect supply of funds to credit markets

452.7

278.2

292.0-13 .8

174.4

254.6

45.878.8

130.0

142.2- 2 . 0- 9 . 4

- . 8

- 8 0 . 2

-12 .5-33.4-18.4-15.8

174.4

38.5158.0

-22.1

.9-23.6

.6

14.1

14.93.16.4

-10.2

466.8

553.3

382.2

232.7

45.0200.5

-39.023.1

3.1

149.5

40.8

14.626.2

9.0- 5 . 3133.3- 6 . 6

765.4

473.4

313.9

37.5222.749.0

9.8- 5 . 1

159.5

68.6

8.859.8

16.54.0

159.843.0

903.1

537.9

210.2

55.2131.9

7.217.7

- 1 . 7

327.7

80.9

19.761.2

37.010.3

143.493.6

893.8

424.6

296.4

115.6111.543.220.2

5.9

128.1

111.1

12.998.2

18.61.7

187.6150.3

721.2

423.1

185.7

17.5120.228.921.6

- 2 . 5

237.4

105.5

43.761.8

8.1- 5 . 8107.882.5

775.8

460.7

234.5

27.3165.320.232.9

-11.2

226.2

105.6

9.396.3

-14 .37.3

182.833.7

740.8

424.6

215.1

11.7105.686.4

6.94.4

209.6

64.1

- 9 . 974.1

-46 .3- 3 . 4210.2

91.5

665.0

290.4

86.6

21.916.554.4

-18.212.0

203.8

82.3

23.858.4

17.35.3

175.993.9

452.7

50.1

28.5

69.4-66.0

33.8-18.7

10.0

21.6

20.6

-24.144.7

32.05.5

204.3140.1

430


TABLE B-70.—Total funds raised in credit markets by nonfinancial sectors, 1983-92—Continued


Item1990 1991 1992

Total net borrowing by domestic nonfinancialsectors

U.S. Government....

Treasury issues

Agency issues and mortgages


Debt capital instruments

Tax-exempt obligationsCorporate bondsMortgages

Home mortgagesMulti-family residentialCommercialFarm

Other debt instruments....

Consumer creditBank loans n.e.cOpen-market paperOther

By borrowing sector:

State and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate

Foreign net borrowing in United States

BondsBank loans n.e.cOpen-market paperU.S. Government and other loans

Total domestic plus foreign

Total funds supplied to domestic nonfinancialsectors


Deposits and currency

Checkable deposits and curren-cy

Time and savings depositsMoney market fund sharesSecurity repurchase agreementsForeign deposits

Credit market instruments-

Foreign funds

At banksCredit market instruments..,

U.S. Government and related loans, net....U.S. Government cash balancesPrivate insurance and pension reserves....Other sources

883.5

244.8

215.229.6

638.7

486.9

70.327.5

389.1

333.11.2

55.4- . 7

151.8

40.8-7 .648.270.4

638.7

73.9390.0174.8

5.845.1

123.9

11.5

34.2-9 .7

-14.91.9

895.0

883.5

569.6

184.8

43.491.8

108.2-23.9

-34.7

384.7

18.4

8.410.1

39.15.3

94.0157.0

Net credit market borrowing by nonfinancial sectors

619.0

203.8

198.45.4

415.2

321.0

54.765.8

200.4

188.5- 7 . 118.6

.4

94.2

21.422.8- . 450.4

415.2

47.4234.6133.2

-3 .625.4

111.4

35.8

19.61.3

23.1-8 .2

654.8

653.9

268.2

269.5- 1 . 3

385.7

283.4

39.229.8

214.5

193.816.62.81.3

102.3

14.410.925.351.6

385.7

37.3232.5116.0

8.228.379.4

23.9

2.02.0

25.6-5 .6

677.8

503.9

270.8

271.8- 1 . 0

233.0

277.9

40.665.2

172.1

162.33.97.2

- 1 . 3

-44 .9

-6 .6- 8 . 4

-34 .14.3

233.0

34.7159.838.6

- . 37.9

31.0

24.2

29.6-5 .215.6

-15.8

528.1

455.4

227.4

251.4-24.0

228.0

296.1

35.676.7

183.8

153.06.3

24.6- . 1

-68.0

-10.4-15.0-14 .3-28.3

228.0

36.0160.831.2

3.913.214.0

63.1

11.18.1

46.7- 2 . 8

518.5

543.3

276.7

282.9- 6 . 2

266.6

329.9

48.596.5

184.8

158.112.514.9- . 7

-63 .3

- 7 . 8-34.5-15.9

-5 .2

266.6

38.6188.839.2

2.19.8

27.2

-63.2

10.6- 3 . 5

-51.9-18.3

480.1

405.6

288.4

317.2-28 .8

117.2

182.0

53.581.746.8

122.4-29.4-43.8

- 2 . 5

-64.8

-24.0-18.2-36 .3

13.7

117.2

37.6136.1

-56.5

- . 3-65.9

9.7

15.6

15.51.4

• 16.0-17.2

421.2

406.3

320.4

316.63.8

85.9

210.6

45.560.3

104.8

135.12.7

-33.1.0

-124.7

- 8 . 0-66 .1

- 7 . 0-43.6

85.9

41.9146.3

-102.4

-2 .2-51 .5-48.7

41.0

22.36.5

14.9-2 .7

447.3

667.5

368.9

380.1-11.2

298.6

312.9

52.076.3

184.7

209.6- 1 . 3

-22.6-1 .1

-14.4

3.1-26.9

12.6-3 .2

298.6

46.1217.1

35.4

-1 .6-20.7

57.7

9.9

4.91.5

- 7 . 811.4

677.3

535.1

351.9

351.5.4

183.2

218.4

73.077.567.9

121.6-31.6-24.9

2.7

-35.2

-12.4-21 .5

- 3 . 42.1

183.2

63.4143.3

-23.4

7.1-65.6

35.2

55.9

22.814.127.7

- 8 . 8

591.0

379.9

193.4

184.49.0

186.5

196.4

52.361.382.8

147.2-10.7-54.7

1.1

-10.0

-23.31.7

11.2

186.5

50.0148.1

-11.7

2.4-51.4

37.4

30.1

23.23.4

12.8-9 . 3

410.1

Direct and indirect supply of funds to credit markets

619.0

307.5

21.4

22.1- 4 . 3

-43.617.329.9

286.1

88.0

27.460.6

18.81.4

233.5-30.3

653.9

184.3

94.8

28.0-30.6109.2

-27 .315.4

89.5

158.8

80.977.9

93.314.2

147.555.9

503.9

100.2

45.3

- 6 . 09.2

43.6-38.7

37.2

54.8

63.8

-21.385.1

-81.9.4

228.6192.9

455.4

313.0

263.6

84.347.4

182.6-52.2

1.4

49.4

17.9

- 1 . 319.1

44.520.5

277.7-218.0

543.3

98.4

-92.1

23.3-63 .5-66.4

- 4 . 518.9

190.5

-47.0

-98.451.4

91.3-19.6144.0276.2

405.6

-164.6

-29.3

121.4-143.0

- 2 . 1-20.6

15.1

-135.3

73.9

36.537.3

43.56.5

267.2179.2

406.3

-46 .5

-28.2

48.7-104.9

21.12.34.6

-18.2

37.8

-33.271.0

-51.414.6

128.5323.1

667.5

343.4

204.3

158.7-86 .1101.433.4

- 3 . 1

139.2

93.6

5.288.4

118.8-43.2

54.6100.4

535.1

-77.6

-151.1

60.3-182.8-41.6

42.9-30.1

73.5

214.1

71.6142.5

-79.721.2

169.4287.6

379.9

- 2 7 5 . 3

- 2 2 . 6

156.2-161.0-15.6

12.5-14.8

-252.7

173.6

115.258.4

-35.65.4

263.2248.6



TABLE B-71.—Mortgage debt outstanding by type of property and of financing, 1940-92

[Billions of dollars]

End of yearor quarter

Allproper-

ties

Farmproper-

ties

Nonfarm properties

Total1- to 4-familyhouses

Multi-familyproper-

ties

Com-mercialproper-

ties

Nonfarm properties by type of mortgage

Government underwritten

Total1

1- to 4-family houses

Total FHAinsured

VAguar-

anteed

Conventional2

Total1- to 4-familyhouses

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

1990

1991

1990: IIIIllIV

1991:1IIIllIV

1992: IIIIll

36.537.636.735.334.735.541.848.956.262.7

72.882.391.4

101.3113.7129.9144.5156.5171.8190.8

207.5228.0251.4278.5305.9333.3356.5381.2411.1441.6

473.7524.2597.4672.6732.5791.9878.6

1,010.31,163.01,328.4

1,460.41,566.71,637.91,825.42,051.92,309.52,644.83,001.83,288.13,575.0

3,797.73,919.5

3,642.13,700.93,757.83,797.7

3,834.93,891.23,904.43,919.5

3,966.83.992.94,008.6

6.56.46.05.44.94.84.95.15.35.6

6.16.77.27.78.29.09.8

10.411.112.1

12.813.915.216.818.921.223.125.127.529.4

30.532.435.439.844.949.955.463.972.886.8

97.5107.2111.3113.7112.4105.996.587.585.284.0

84.083.2

83.984.084.384.0

83.983.883.283.2

30.031.230.829.929.730.836.943.950.957.1

66.775.684.293.6

105.4120.9134.6146.1160.7178.7

194.7214.1236.2261.7287.0312.1333.4356.1383.5412.2

443.2491.8562.0632.8687.5742.0823.2946.4

1,090.21,241.7

1,362.91,459.51,526.61,711.71,939.52,203.62,548.32,914.33,202.83,491.0

3,713.83,836.3

3,558.23,617.03,673.53,713.8

3,751.03,807.53,821.23,836.3

82.9 3,883.983.6 3,909.383.9 3,924.7

17.418.418.217.817.918.623.028.233.337.6

45.251.758.566.175.788.299.0

107.6117.7130.9

141.9154.6169.3186.4203.4220.5232.9247.3264.8283.2

297.4325.9366.5407.9440.7482.1546.3642.7753.5870.5

965.11,039.81,080.01,198.51,334.51,502.51,726.91,967.32,208.22,435.2

2,644.72,777.9

2,498.92,555.12,606.22,644.7

2,674.02,723.22,755.42,777.9

2,831.22,870.72,900.7

5.75.95.85.85.65.76.16.67.58.6

10.111.512.312.913.514.314.915.316.818.7

20.323.025.829.033.637.240.343.947.352.2

60.170.182.893.1

100.0100.6105.7114.0124.9134.9

142.3142.1145.7160.7185.5214.8260.9284.1296.6306.8

310.3308.6

306.9305.1309.3310.3

311.9315.2307.8308.6

308.4300.5297.8

6.97.06.76.36.26.47.79.1

10.210.8

11.512.513.414.516.318.320.723.226.129.2

32.436.541.146.250.054.560.164.871.476.9

85.695.9

112.7131.7146.9159.3171.2189.7211.8236.3

255.5277.5300.9352.4419.5486.3560.5662.9698.0749.0

758.8749.8

752.4756.7758.0758.8

765.1769.3758.0749.8

744.3738.1726.2

2.33.03.74.14.24.36.39.8

13.617.1

22.126.629.332.136.242.947.851.655.259.3

62.365.669.473.477.281.284.188.293.4

100.2

109.2120.7131.1135.0140.2147.0154.1161.7176.4199.0

225.1238.9248.9279.8294.8328.3370.5431.4459.7486.8

517.9537.2

495.1502.3510.9517.9

525.3545.7535.3537.2

538.1536.1535.4

2.33.03.74.14.24.36.19.3

12.515.0

18.822.925.428.132.138.943.947.250.153.8

56.459.162.265.969.273.176.179.984.490.2

97.3105.2113.0116.2121.3127.7133.5141.6153.4172.9

195.2207.6217.9248.8265.9288.8328.6387.9414.2440.1

470.9493.3

448.2455.0464.1470.9

478.0497.3491.4493.3

494.3492.4491.9

2.33.03.74.14.24.13.73.85.36.9

8.59.7

10.812.012.814.315.516.519.723.8

26.729.532.335.038.342.044.817.450.654.5

59.965.768.266.265.166.166.568.071.481.0

93.6101.3108.0127.4136.7153.0185.5235.5258.8282.8

310.9330.6

289.8296.2304.8310.9

317.0334.1329.1330.6

330.6328.8327.5

0.22.45.57.28.1

10.313.214.616.119.324.628.430.730.430.0

29.729.629.930.930.931.131.332.533.835.7

37.339.544.750.056.261.667.073.682.092.0

101.6106.2109.9121.4129.1135.8143.1152.4155.4157.3

160.0162.7

158.4158.8159.3160.0

161.0163.2162.2162.7

163.7163.6164.4

27.728.227.125.825.526.530.634.137.340.0

44.749.154.961.569.378.086.894.6

105.5119.4

132.3148.5166.9188.2209.8231.0249.3267.9290.1312.0

333.9371.1430.9497.7547.3595.0669.0784.6913.9

1,042.7

1,137.81,220.61,277.81,431.91,644.71,875.32,177.82,482.92,743.13,004.1

3,195.83,299.1

3,063.13,114.63,162.63,195.8

3,225.62,261.82,285.93,299.1

2,345.83,373.23,389.3

15.115.414.513.713.714.316.918.920.822.6

26.328.933.238.043.649.355.160.467.677.0

85.595.5

107.1120.5134.1147.4156.9167.4180.4193.0

200.2220.7253.5291.7319.4354.3412.8501.0600.2697.6

769.9832.2862.2949.6

1,068.61,213.71,398.31,579.41,794.01,995.1

2,173.72,284.6

2,050.72,100.12,142.12,173.7

2,196.02,225.72,264.02,284.6

2,336.92,378.32,408.9

1 Includes FHA insured multifamily properties, not shown separately.2 Derived figures. Total includes multifamily and commercial properties, not shown separately.

Source-. Board of Governors of the Federal Reserve System, based cr> data from various Government and private organizations.

432


TABLE B-72.—Mortgage debt outstanding by holder, 1940-92


End of yearor quarter Total

36.537.636.735.334.735.541.848.956.262.772.882.391.4

101.3113.7129.9144.5156.5171.8190.8207.5228.0251.4278.5305.9333.3356.5381.2411.1441.6473.7524.2597.4672.6732.5791.9878.6

1,010.31,163.01,328.41,460.41,566.71,637.91,825.42,051.92,309.52,644.83,001.83,288.13,575.03,797.73,919.53,642.13,700.93,757.83,797.73,834.93,891.23,904.43,919.53,966.83,992.94,008.6

Major financial institutions

Total

19.520.720.720.220.221.026.031.837.842.951.759.566.975.185.799.3

111.2119.7131.5145.5157.6172.6192.5217.1241.0264.6280.8298.8319.9339.1355.9394.2450.0505.4542.6581.2647.5745.2848.2938.2996.8

1,040.51,021.31,108.21,245.91,361.51,474.31,665.31,831.51,931.51,914.31,846.91,939.01,940.41,933.31,914.31,902.31,898.51,860.71,846.91,826.01,806.11,794.5

Savingsinstitu-tions '

9.09.49.29.09.19.6

11.513.816.118.321.925.529.834.941.148.955.561.268.978.187.098.0

111.1127.2141.9154.9161.8172.3184.3196.4208.3236.2273.7305.0324.2355.8404.6469.4528.0574.6603.1618.5578.1626.7709.7760.5778.0860.5924.6910.3801.6705.4891.9860.9836.0801.6776.5755.4719.7705.4682.3659.6648.1

Commer-cial

banks2

4.64.94.74.54.44.87.29.4

10.911.613.714.715.916.918.621.022.723.325.528.128.830.434.539.444.049.754.459.065.770.773.382.599.3

119.1132.1136.2151.3179.0214.0245.2262.7284.2301.3330.5379.5429.2502.5592.4674.0767.1844.8876.3786.8814.6831.2844.8856.8871.4870.9876.3880.4884.6886.5

Lifeinsur-ancecom-

panies

6.06.46.76.76.76.67.28.7

10.812.916.119.321.323.326.029.433.035.237.139.241.844.246.950.555.260.064.667.570.072.074.475.576.981.486.289.291.696.8

106.2118.4131.1137.7142.0151.0156.7171.8193.8212.4232.9254.2267.9265.3260.3264.9266.1267.9269.0271.7270.1265.3263.3261.9259.9

Other holders

Federaland

relatedagen-cies3

4.94.74.33.63.02.42.01.81.82.32.83.54.14.64.85.36.27.78.0

10.211.512.212.611.812.213.517.520.925.131.138.346.454.664.882.2

101.1116.7140.5170.6216.0256.8289.4355.4433.4491.1582.0735.4863.1945.9

1,079.01,270.61,439.31,125.11,172.01,221.21,270.61,314.51,365.21,405.41,439.31,476.41,516.31,539.9

Individ-uals andothers4

12.012.211.711.511.512.113.815.316.617.518.419.320.421.723.225.327.129.132.335.138.443.146.349.552.755.258.261.466.171.479.483.692.8

102.4107.7109.6114.4124.6144.3174.3206.8236.8261.2283.7314.9366.0435.0473.4510.7564.4612.8633.2578.0588.5603.3612.8618.1627.6638.3633.2664.4670.5674.3

19401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911990: I

II

IV.1991: I...

IV1992:1

1 Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance Corporation-insuredinstitutions include loans in process for 1987 and exclude loans in process beginning 1988.

2 Includes loans held by nondeposit trust companies, but not by bank trust departments.3 Includes Government National Mortgage Association (GNMA), Federal Housing Administration, Veterans Administration, Farmers Home

Administration (FmHA), and in earlier years Reconstruction Finance Corporation, Homeowners Loan Corporation, Federal Farm MortgageCorporation, and Public Housing Administration. Also includes U.S.-sponsored agencies such as Federal National Mortgage Association(FNMA), Federal Land Banks, Federal Home Loan Mortgage Corporation (FHLMC), and mortgage pass-through securities issued orguaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amounts small or current separate data not readily available)included with "individuals and others."

4 Includes private mortgage pools.

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


TABLE B-73.—Consumer credit outstanding, 1950-92

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

Year and monthTotal

consumercredit

Installment credit1

Total Automobile Revolving 2 Other 3Nomnstallment

credit4

December:1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985198619871988 51989

19901991

1991:JanFebMar

June..

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


JulyAugSeptOctNov "....

23,29524,62429,76633,76935,02741,88545,50348,13248,35655,878

60,03562,34068,23176,60685,98995,948101,839106,716117,231126,928

131,600147,058166,009190,601199,365204,963228,162263,808308,272347,507

350,269366,869383,132431,170511,315591,291647,982680,036729,121777,608

793,978780,566

792,534792,338792,268792,701792,032789,996

788,095785,414783,993781,129781,242780,566

783,252784,641782,485779,418778,969779,122

778,276777,861779,464777,825

15,16615,85920,12123,87024,47029,80932,66034,91434,73640,421

44,33545,43850,37557,05664,67472,81478,16281,78390,11299,381

103,905116,434131,258152,910162,203167,043187,782221,475261,976296,483

298,154311,259325,805368,966442,602517,659572,006608,675662,553716,825

735,338727,799

732,760732,436733,182733,227731,724730,109

728,823727,311727,449729,225727.960727,799

728,618728,395727,404723,821722,928722,919

721,820720,664722,104722,668723,890

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

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

36,34840,52247,83553,74054,24156,98966,82180,94898,739112,475

111,991119,008125,945143,560173,564210,238247,772266,295285,364292,002

284,993263,003

283,318281,120279,277276,963273,389270,789

268,897266,620264,621264,420262,383263,003

263,134261,659262,125260,376259,834257,339

257,743256,944257,384257,101257,809

2,0223,563

4,9008,2529,39111,31813,23214,50716,59536,68945,20253,357

55,11161,07066,45479,088100,280121,758135,825153,064174,269199,308

222,950242,785

222,262225,320228,749230,437232,297233,399

234,654236,294238,987241,436242,573242,785

244,288245,974245,259245,905246,220247,418

247,332248,043250,017250,485250,585

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

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

62,65767,66074,03287,85294,73095,547104,366103,838118,035130,651

131,053131,182133,406146,318168,758185,664188,408189,316202,921225,515

227,395222,012

227,181225,996225,156225,827226,038225,922

225,273224,396223,842223,369223,004222,012

221,196220,762220,020217,541216,874218,162

216,744215,677214,703215,082215,496

8,1298,7659,6459,89910,55712,07612,84313,21813,62015,457

15,70016,90217,85619,55021,31523,13423,67724,93327,11927,547

27,69530,62434,75137,69137,16237,92040,38042,33346,29651,024

52,11555,61057,32762,20468,71373,63175,97671,36266,56860,783

58,64052,767

59,77459,90359,08559,47560,30959,887

59,27258,10356,54351,90453,28352,767

54,63456,24755,08055,59756,04156,203

56,45657,19757,36155,157

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. Excludes 30-day charge credit held by travel and entertainment companies. Prior to 1968, included in "other," except gasoline companies included innoninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in "other." Also beginning1977, some retail credit was reclassified from commercial into consumer credit.

3 Includes mobile home loans and all other installment loans not included in autombile or revolving credit, such as loans foreducation, boats, trailers, or vacations. These loans may be secured or unsecured.

4 Noninstallment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and servicecredit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.

5 Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.


434


GOVERNMENT FINANCE

TABLE B-74.—Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1929-93

[Billions of dollars; fiscal years]

or period

1929... .19331939194019411942.194319441945194619471948194919501951195219531954195519551957195819591960196119621963.1964196519661967196819691970197119721973197419751976..,.

i ronsiiionquarter...

197719781979198019811982198319841985198619871988198919901991199219932

Total

Re-ceipts

39206.36.58.7

14.624.043.745.239.338.541.639.439.451.666.269.669.765.574.680.079.679.292.594.499.7

106.6112.6116.8130.8148 8153.0186.9192.8187.1207.3230.8263.2279.1298.1

81.2355.6399.6463.3517.1599.3617.8600.6666.5734.1769.1854.1909.0990.7

1031 31,054.31,091.61,147.6

Outlays

31469.19.5

13.735.178.691.392.755.234.529.838.842.645.567.776.170.968.470.676.682.492.192.297.7

106.8111.3118.5118.2134.5157 5178.1183.6195.6210.2230.7245.7269.4332.3371.8

96.0409.2458.7503.5590.9678.2745.8808.4851.8946.4990.3

1,003.91,064.11,143.21252 71,323.81,381.81,474.9

Qi irnli ir

ourpiusordeficit

07- 2 6-2 .8-2 .9- 4 9

-20.5-54.6-47.6-47.6-15.9

4.011.8

.6_ -5 1

£i- 1 . 5- 6 . 5-1 .2- 3 . 0

3.93.4

- 2 . 8-12.8

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

-25.23.2

- 2 . 8-23.0-23.4-14.9

- 6 . 1-53.2-73.7

-14.7-53.7-59.2-40.2-73.8-79.0

-128.0-207.8-185.4-212.3-221.2-149.8-155.2-152.5- 2 2 1 4-269.5-290.2-327.3

Re-ceipts

5.8fi P8.Q

13722.942.543.838.137.139.937.737.348.562.665.565.160.468.273.271.671.0

81.982.387.492.496.2

100.1111.7124 4128.1157.9159.3151.3167.4184.7209.3216.6231.7

63.2278.7314.2365.3403.9469.1474.3453.2500.4547.9568.9640.7667.5727.0749 7760.4789.2828.2

On-budge

Outlays

9.29.5

13.635.178.591.232,655.034.229.438.442.044.266.073.857.964.565.770.674.983.181.386.093.396.4

102.8101.7114.8137 0155.8158.4168.0177.3193.8200.1217.3271.9302.2

76.6328.5369.1403.5476.6543.1594.4661.3686.0769.6806.8810.1861.4932.3

1027 61,082.11,129.51,208.1

t

Qi «rr\l i if

ourpiusordeficit

-3 .4

- 3 . 5-5 ,6

-21.3-55.6-48.7-43.7-17.0

2.910.5- . 7

-4 .74.3

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

2.52.6

- 3 . 3-12.1

- 3 i 8- 5 . 9-4 .0- 6 . 5-1 .6-3 .1

- 1 2 6-27.7

- . 5-8 .7

-26.1-26.4-15.4

- 8 . 0-55.3-70.5

-13.3-49.8-54.9-38.2-72.7-74.0

-120.1-208.0-185.7-221.7-238.0-169.3-194.0-205.2- 2 7 8 0-321.7-340.3-379.9

Re-ceipts

0.5.67

.9i iL31.31.2l.b1.61.72.13.13.64.14.65.16.46.88.08.3

10.612.112.314.216.416.719.124 424.929.033.535.839.946.153.962.566.4

18.076.885.498.0

113.2130.2143.5147.3166.1186.2200.2213.4

! 241.5263.72817293.9302.4319.4

Off-budge

Outlays

-0 i0- . 0

.0

.1_]

II2'.3A.4.5

1.31.72.32.94.05.06.07.59.0

10.911.713.515.015.716.519.720 422.325.227.632.836.945.652.160.469.6

19.480.789.7

100.0114.3135.2151.4147.1165.8176.8183.5193.8202.7210.92251241.7252.3266.8

t

Surplusordeficit

|

0.5 j

•? '

8 i

I.'O !1.2 !1.2 !1.0 i1.2 |1.2 11.31.61.81.91.81.71.11.5.8.5

- . 7- . 2

.4- 1 . 3

- . 8.62

— 6402.63.75.93.03.1

.51.82.0

-3 .2

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

.2

.39.4

16.719.638.852.856.652.250.152.6

Gross Federal debt

(end of

Total

1 16 91 22 5

48.250.757.579.2

142.6204.1260.1271.0257.1252.0252.6256.9255.3259.1266.0270.8274.4272.7272.3279.7287.5290.5292.6302.9310.3316.1322.3328.5340 4368.7365.8380.9408.2435.9466.3483.9541.9629.0

643.6706.4776.6828.9908.5994.3

1,136.81,371.21,564.11,817.02,120.12,345.62,600.82,867.53 206.33,599.04,002.74,410.5

peiiuu;

Held bythe

public

41.4

42.848.267.8

127.8184.8235.2 ,241.9224.3216.3214.3219.0214.3214.8218.4224.5226.6222.2219.3226.3234.7

236.8238.4248.0254.0256.8260.8263.7266 6289.5278.1283.2303.0322.4340.9343.7394.7477.4

495.5549.1607.1639.8709.3784.8919.2

1,131.01,300.01,499.41,736.21,888.12,050.32,189.32,410.42,687.92,998.63,309.7

Adden-

dum:Grossdomes-

ticproduct

87.81 95.4; 112.5i 141.8i 175.4i 201.7' 212.0I 212.5i 222.9! 246.7

262.7265.8

I 313.5I 340.51 363.8

368.0384.7416.3438.3

! 448.1480.2504.6517.0555.2584.5625.3671.0735.4793 3847.2925.7985.4

1,050.91,147.81,274.01,403.61,509.81,684.2

445.01,917.22,155.02,429.52,644.12,964.43,122.23,316.53,695.03,967.74,219.04,452.44,808.45,173.35,467.15,632.65,868.66,164.4

1 Not strictly comparable with later data.2 Estimates.Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal

year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscalperiod known as the transition quarter.

Refunds of receipts are excluded from receipts and outlays.See Budget Baselines, Historical Data, and Alternatives for the Future, January 1993, for additional information.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and

Budget.


TABLE B-75.—Federal receipts, outlays, and debt, fiscal years 1981-93

[Millions of dollars; fiscal years]

DescriptionActual

1981 1982 1983 1984 1985 1986 1987

RECEIPTS AND OUTLAYS:Total receiptsTotal outlays

Total surplus or deficit (-]...

On-budget receipts

On-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 accountsHeld by the public

Federal Reserve System..Other

599,272678,249

-78,976

469,097543,053

-73,956

130,176135,196

-5,020

994,298

209,507784,791

124,466660,325

617,766745,755

-127,989

474,299594,351

-120,052

143,467151,404

-7,937

1,136,798

600,562808,380

-207,818

453,242661,272

- 208,030

147,320147,108

212

1,371,164

666,457851,846

-185,388

500,382686,032

-185,650

166,075165,813

262

1,564,110

734,057946,391

-212,334

547,886769,584

-221,698

186,171176,807

9,363

1,816,974

769,091990,336

-221,245

568,862806,838

-237,976

200,228183,498

16,731

2,120,082

217,560919,238

134,497784,741

240,1141,131,049

155,527975,522

264,1591,299,951

155,1221,144,829

317,6121,499,362

169,8061,329,556

383,9191,736,163

190,8551,545,308

RECEIPTS: ON-BUDGET AND OFF-BUDGET

Individual income taxesCorporation income taxesSocial insurance taxes and contributions

On-budgetOff-budget.

Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts:

Deposits of earnings by FederalReserve System

All other

OUTLAYS: ON-BUDGET AND OFF-BUDGET

National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing credit

On-budgetOff-budget

TransportationCommunity and regional developmentEducation, training, employment, and

social servicesHealthMedicareIncome securitySocial security

On-budgetOff-budget

Veterans benefits and services-Administration of justiceGeneral governmentNet interest

On-budgetOff-budget

Undistributed offsetting receipts..

On-budget....Off-budget...

599,272

285,91761,137182,720

52,545130,176

40,8396,7878,083

12,834956

678,249

157,51313,1046,46915,16613,56811,3238,206

8,206

23,37910,568

33,70926,86639,14999,723139,584

670138,914

22,9914,76911,42968,774

71,062-2,288

-28,041

-26,611-1,430

617,766

297,74449,207

201,498

58,031143,467

36,3117,9918,854

15,186975

745,755

185,30912,3007,20013,52712,99815,9446,256

6,256

600,562

288,93837,022

208,994

61,674147,320

35,3006,0538,655

14,4921,108

808,380

209,90311,8487,9359,35312,67222,9016,681

6,681

666,457

298,41556,893

239,376

73,301166,075

37,3616,01011,370

15,6841,347

851,846

227,41315,8768,3177,08612,59313,6136,917

6,917

734,057

334,53161,331

265,163

78,992186,171

35,9926,42212,079

17,0591,480

946,391

252,74816,1768,6275,68513,35725,5654,229

4,229

769,091

348,95963,143

283,901

83,673200,228

32,9196,95813,327

18,3741,510

990,336

273,37514,1528,9764,73513,63931,4494,890

4,890

20,6258,347

27,02927,44546,567107,717155,964

844155,120

23,9584,71210,91485,044

87,114-2,071

-26,099

-24,453-1,646

21,3347,560

26,60628,64152,588122,598170,724

19,993150,731

24,8465,10511,23589,828

91,673-1,845

-33,976

-32,198-1,778

23,6697,673

27,57930,41757,540112,668178,223

7,056171,167

25,6145,66311,817

111,123

114,432-3,310

-31,957

-29,913-2,044

25,8387,680

29,34233,54265,822128,200188,623

5,189183,434

26,2926,27011,588

129,504

133,622-4,118

-32,698

-30,189-2,509

28,1177,233

30,58535,93670,164119,796198,757

8,072190,684

26,3566,57212,564

136,047

140,377-4,329

-33,007

-30,150-2,857

854,1431,003,911

-149,769

640,741810,079

-169,339

213,402193,832

19,570

2,345,578

457,4441,888,134

212,0401,676,094

854,143

392,55783,926

303,318

89,916213,402

32,4577,49315,085

16,8172,490

1,003,911

281,99911,6499,2164,115

13,36326,606

6,182

6,182

26,2225,051

29,72439,96775,120

123,250207,353

4,930202,422

26,7827,5537,565

138,652

143,942-5,290

-36,455

-33,155-3,300

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.



TABLE B-75.—Federal receipts, outlays, and debt, fiscal years 1981-93—Continued

[Millions of dollars; fiscal years]

DescriptionActual

1988 1989 1990 1991 1992

Estimates

1993

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 accounts..Held by the public

Federal Reserve System.,Other

908,9541,064,140

-155,187

667,463861,449

-193,986

241,491202,691

38,800

2,600,760

550,5072,050,252

229,2181,821,034

990,6911,143,172

-152,481

727,026932,261

-205,235

263,666210,911

52,754

2,867,537

678,2102,189,327

220,0881,969,239

1,031,3081,252,691

-221,384

749,6521,027,626

-277,974

281,656225,065

56,590

3,206,347

795,9902,410,357

234,4102,175,947

1,054,2641,323,785

-269,521

760,3801,082,098

-321,719

293,885241,687

52,198

3,598,993

911,0602,687,933

258,5912,429,342

1,091,6311,381,791

-290,160

789,2051,129,475

-340,270

302,426252,316

50,110

4,002,669

1,004,0392,998,630

296,3972,702,234

1,147,5881,474,935

-327,347

828,1831,208,120

-379,937

319,405266,815

52,590

4,410,475

1,100,7583,309,717

RECEIPTS: ON-BUDGET AND OFF-BUDGET

Individual income taxesCorporation income taxesSocial insurance taxes and contributions..

On-budgetOff-budget....

Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts:

Deposits of earnings by FederalReserve System

All other

OUTLAYS: ON-BUDGET AND OFF-BUDGET..

National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing credit

On-budgetOff-budget

908,954

401,18194,508

334,335

92,845241,491

35,2277,594

16,198

17,1632,747

1,064,140

290,36110,47110,8412,29714,60617,21018,815

18,815

TransportationCommunity and regional developmentEducation, training, employment, and social servicesHealthMedicareIncome securitySocial security

On-budgetOff-budget....

Veterans benefits and servicesAdministration of justiceGeneral governmentNet interest

On-budgetOff-budget

Undistributed offsetting receipts..

On-budgetOff-budget

27,2725,294

31,93844,48778,878

129,332219,341

4,852214,489

29,4289,2369,464

151,838

159,253-7,416

-36,967

-32,585-4,382

990,691

445,690103,291359,416

95,751263,666

34,3868,74516,334

19,6043,225

1,143,172

303,5599,57312,8382,70616,18216,91929,211

29,520-310

27,6085,362

36,67448,39084,964136,031232,542

5,069227,473

30,0669,4749,017

169,266

180,661-11,395

-37,212

-32,354-4,858

1,031,308

466,88493,507

380,047

98,392281,656

35,34511,50016,707

24,3192,997

1,252,691

299,33113,76414,4443,34117,06711,95867,142

65,5161,626

29,4858,498

38,75557,71698,102147,019248,623

3,625244,998

29,1129,99510,734

184,221

200,212-15,991

36,615

-31,048-5,567

1,054,264

467,82798,086

396,016

102,131293,885

42,40211,13815,949

19,1583,688

1,323,785

273,29215,85116,1112,43618,55215,18375,639

74,3211,317

31,0996,811

43,35471,183104,489170,301269,015

2,619266,395

31,34912,27611,661

194,541

214,763-20,222

-39,356

-33,553-5,804

1,091,631

476,465100,270413,689

111,263302,426

45,56911,14317,359

22,9204,215

1,381,791

298,36116,10616,4094,50920,01714,9979,514

8,877636

33,3377,411

45,24889,570119,024198,073287,545

6,127281,418

34,13314,45012,939

199,429

223,066-23,637

-39,280

-33,179-6,101

1,147,588

510,388105,501435,831

116,426319,405

47,53912,59418,176

13,0904,469

1,474,935

289,29918,70417,1424,807

21,46221,53322,141

20,5141,627

36,38010,08652,292

104,979132,839207,433304,747

6,023298,724

35,57515,22914,728

202,771

229,793-27,022

-37,213

-30,698-6,515

See Budget Baselines, Historical Data, and Alternatives for the Future, January 1993, for additional information.

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

437


TABLE B-76.—Federal budget receipts, outlays, surplus or deficit, and debt, as percentages of gross domestic

product, 1934-93

[Percent; fiscal years]

Fiscal yearor period

193419351936193719381939194019411942194319441945.19461947194819491950195119521953195419551956195719581959..19601961196219631964 . . . .196519661967196819691970197119721973197419751976Transition quarter . . .19771978.. .19791980... .1981198219831984..1985198619871988.19891990199119921993 J

Receipts

4.95 35 1627.77.26977

10.313.721.721.318 517.316.815.014 816 519.419.118.917 017.918.317.816.518.318.318.018.218.017 417 818.818.120.219.617.818.118.118.818.517.718.318.518.519 119 620.219.818.118 018.518.219.218 919.218.918 718.618.6

Outlays

Total

10.89 3

10 6877.8

10.49.9

12 124.844.845.343.726.015.512.114.816.014 519.920.919.317 817.017.518.419.218.318.919.219.019.017 618 319.821.019.819.920.020.119.319.222.022.121.621.321.320 722 322.923.924.423123.923.522.522 122.122.923 523.523.9

Nationaldefense

1.75.7

18.138.039.239.120.15.73.75.05.275

13.514.513.411.110.210.410.410.29.59.69.49.18.875799.09.78.98.37.56.96.05.75.75.35.05.14.848515.35.96.3626.46.56.3605.95.5495.14.7

Surplus ordeficit ( )

-5 .9- 4 . 1- 5 6

25.1

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

-14 .5-31.1-23.6-22.4

- 7 . 51.84.8

.2-1 .2

1.9_ 4

- 1 . 8- . 3- . 8

.9

.8- . 6

-2 .7.1

- . 6- 1 . 3- . 8- . 9_ .2- .5

- 1 . 1

1 '

1 1 1 ' 1 1 1 1 1

1

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

2.9-4 .0- 4 . 8

4.9- 5 . 3

Gross Federal debt (period)

Total

53.151.155.981.3

101.2122.7127.5115.4102.296.296.681.476.173.173.671.365.562.162.459.957.656.654.653.150.548.044.742.943.539.538.738.838.036.634.535.937.336.236.836.034.134.433.536.441.342.345.850.352.754.155.458.663.968.271.5

end of

Held by public

44.842.947.872.891.6

110.9113.8100.687.781.682.468.463.160.061.058.953.450.050.548.946.946.144.743.541.138.935.933.634.230.028.728.828.126.824.526.128.327.828.628.226.326.826.529.434.135.237.841.242.442.642.344.1All51.153.7

1 Estimates.Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the

fiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 19/6 is a separatefiscal period known as the transition quarter.

See Budget Baselines, Historical Data, and Alternatives for the Future, January 1993, for additional information.Sources: Department of the Treasury and Office of Management and Budget.

438


TABLE B-77.—Federal and State and local government receipts and expenditures, national income and

product accounts, 7939-92


Yearor

quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988:IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

Total government

Receipts

128.8

138.8144.1155.8167.5172.9

187.0210.7226.4260.9294.0

299.8318.9364.2408.5450.7

465.8532.6598.4673.2754.7

825.7941.9960.5

1,016.41,123.6

1,217.01,290.81,405.21,492.41,622.6

1,704.41,746.8

965.91,043.71,147.11,243.81,335.41,445.71,535.8

1,597.91,625.41,622.81,644.1

1,671.71,699.51,724.11,722.3

1,724.31,734.71,757.81,770.4

1,796.01,809.61,821.5

Expendi-tures

131.9

135.2147.1158.7165.9174.5

185.8211.6240.2265.5284.0

311.2338.1368.1401.6455.2

530.6570.9615.2670.3745.3

861.0972.3

1,069.11,156.21,232.4

1,342.21,437.51,516.91,590.71,700.1

1,840.51,940.1

1,122.81,180.01,274.91,374.71,461.61,561.51,630.5

1,664.01,686.91,705.11,744.3

1,803.41,822.61,839.41,896.8

1,859.61,930.41,963.32,007.0

2,068.62,094.92,116.6

Surplus ordeficit

(-),nationalincome

andproduct

accounts

- 3 . 1

3.6-3 .0-2 .9

1.6-1 .6

1.2-1 .0

-13.7- 4 . 610.0

-11.5-19.2

-3 .96.9

- 4 . 5

-64 .8-38 .3-16.8

2.99.4

-35.3-30.3

-108.6-139.8-108.8

-125.3-146.8-111.7

-98.3-77 .5

-136.1-193.3

-156.9-136.3-127.8-130.9-126.2-115.8

-94.7

-66.1-61.5-82 .3

-100.2

-131.7-123.1-115.3-174.4

-135.3-195.6-205.6-236.6

-272.6-285.2-295.2

Federal Government

Receipts

90.6

97.099.0

107.2115.5116.2

125.8143.5152.6176.8199.6

195.2202.6232.0263.7294.0

294.8339.9384.0441.2504.7

553.0639.0635.4660.0725.8

788.6827.2913.8972.3

1,059.3

1,107.41,122.2

632.3671.1739.8803.6856.8943.5

1,000.6

1,050.91,064.51,053.61,068.3

1,086.71,109.61,119.91,113.3

1,114.61,117.31,127.71,129.4

1,143.31,149.81,155.4

Expendi-tures

93.2

93.4101.7110.6114.4118.8

124.6144.9165.2181.5191.0

208.5224.3249.3270.3305.6

364.2392.7426.4469.3520.3

613.1697.8770.9840.0892.7

969.91,028.21,065.61,109.01,181.6

1,273.61,332.7

815.7855.7926.6990.8

1,034.31,096.31,135.5

1,160.81,174.21,181.51,209.8

1,254.51,266.51,265.51,307.9

1,264.41,329.41,348.71,388.1

1,432.51,452.71,459.8

Surplus ordeficit

(-).nationalincome

andproduct

accounts

- 2 . 6

3.5-2 .6-3 .4

1.1-2 .6

1.3- 1 . 4

-12.7- 4 . 7

8.5

-13.3-21.7-17 .3

-6 .6-11.6

-69.4-52.9-42.4-28.1-15.7

-60.1-58.8

-135.5-180.1-166.9

-181.4-201.0-151.8-136.6-122.3

-166.2-210.4

-183.4-184.6-186.8-187.2-177.5-152.7-134.9

-110.0-109.7-128.0-141.5

-167.8-156.9-145.6-194.6

-149.9-212.2-221.0-258.7

-289.2-302.9-304.4

State and local government

Receipts

45.0

48.352.456.661.167.1

72.381.589.8

102.7114.8

129.0145.3169.7185.3200.6

225.6253.9281.9309.3330.6

361.4390.8409.0443.4492.2

528.7571.2594.3631.3681.5

729.3777.9

417.9459.5505.1544.8582.4605.1648.2

662.8678.0687.4697.7

713.1722.1735.4746.6

754.0769.3783.5804.6

817.8834.0840.0

Expendi-tures

45.5

48.352.756.160.666.1

72.381.190.9

102.6113.3

127.2142.8156.3171.9193.5

221.0239.3256.3278.2305.4

336.6362.3382.1403.2434.1

472.6517.0554.2593.0636.7

699.2760.7

391.4411.1446.1488.4531.1568.1607.9

618.9629.8641.7656.4

677.0688.3705.0726.4

739.4752.8768.1782.5

801.2816.3830.8

Surplus ordeficit

(-),nationalincome

andproduct

accounts

- 0 . 5

.0- . 4

.5

.41.0

.0

.5-1 .1

.11.5

1.82.5

13.413.47.1

4.614.625.631.125.1

24.828.526.940.358.1

56.154.340.138.444.8

30.117.1

26.548.359.056.351.237.040.2

43.948.245.741.3

36.133.830.320.2

14.616.515.422.0

16.617.79.2

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.


439


TABLE B-78.—Federal and State and local government receipts and expenditures, national income and

product accounts, by major type, 1939-92


Year orquarter

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911982:1V1983: IV1984: IV1985: IV1986: IV1987: IV1988.1V1989:1

IIIllIV

1990:1IIIllIV ,

1991:1IIIllIV

1992:1IIIll

Receipts

Total

128.8138.8144.1155.8167.5172.9187.0210.7226.4260.9294.0299.8318.9364 2408.5450.7465 8532.6598.4673 2754.7825.7941.9960.5

1,016.41,123.61,217.01,290.81,405.21,492.41,622.61,704.41,746.8

965.91,043.71,147.11,243.81,335.41,445.71,535.81,597.91,625.41,622.81,644.11,671.71,699.51,724.11,722.31,724.31,734.71,757.81,770.41,796.01,809.61,821.5

Per-sonaltaxand

nontaxre-

ceipts

44.548 750.354.858.056.061.971077.992.1

109.9109.0108.7132.0140.6159.1156.4182.3210.02401280.2312.4360.2371.4368.8395.1436.8459.0512.5527.7593.3621.3618.7372.1371.6413.4448.8478.5528.6542.0575.2599.1593.8605.1609.4624.6627.3623.8616.8617.2618.6622.3619.6617.1628.8

Corpo-rate

profitstax ac-cruals

23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083 588.084.881.163.177.294.096.5

106.5127.1137.0141.3136.7124.0

58.782.283.897.6

116.6135.2146.2154 8143.7132.6134.2132.4137.6143.0133.7121.3122.9127.0125.0136.4144.1131.8

In-directbusi-nesstaxandnon-taxac-

cruals

41.945.548.151.754.758.862.765.470.479.086.694.3

103.6111.4121.0129.3140.0151.6165.5177.8188.7212.0249.3256.4280.1309.5329.9345.5365.0385.3414.7444 2475.2262.3291.7317.7335.1351.6372.3394.24017411.6421.0424.4436.0437.7447.3455.7464.7468.2480.0487.9493.8497.6506.4

Contri-butions

forsocialinsur-ance

18.821.922.925.428 530.131.640.645.550.457.962.268.979.097.6

110.5118.5134.5149.8171.8197.8216.6251.3269 6290.2325.0353.8379.8400.7442.3473.2502 3528.8272.8298.3332.2362.3388.7409.6453.5466.3471.0475.3480.4493.9499.6506.5509.1521.5526.5532.1535.2546.2550.8554.4

Total»

131.9135.2147.1158.7165.9174.5185.8211.6240.2265.5284.0311.2338.1368.1401.6455.2530.6570.9615.2670.3745.3861.0972.3

1 069 1U56.21,232.41,342 21,437.51,516.91,590.71,700.11 840 5l!940.11,122.81,180.01,274.91,374.71,461.61,561.51,630.51,664.01,686.91,705.11,744.31,803.41,822.61,839.41,896.81,859.61,930.41,963.32,007.02,068.62,094.92,116.6

Pur-chases

99.099.8

107.0116.8122.3128.3136.3155.9175.6191.5201.8212.7224.3241.5257.7288.3321.4341.3368.0403.6448.5507.1561.1607 6652.3700.8772.3833.0881.5918.7975.2

1 043 2l!090.5

631.6657.6727.0799.2849.7901.4937.6950.4970.2985.6994.5

1,024.71,034.31,042.41,071.31,087.51,090.81,093.31,090.31,103.11,109.11,124.2

Trans-fer

pay-ments

27.529 333.634.736 638.141.145 854.562.669.383.899.4

110.9126.6150.5189.2206.5220.9238.6266.9317.6360.7402 7433.4447.2479.5509.4531.8566.2615.1678 0720.0428.1439.1456.2488.3518.6542.6578.6595.8605.0620.6639.0660.1670.6680.4700.8646.4708.0747.8777.8830.6848.9861.3

Expenditures

Net interest paid

Total

6.36.96.46.97.47.98.18.58.9

10.311.512.412.512 915.216.318.522.824.426.528.733.448.155 561.879.188.390.695.4

101.8112.4124 2138.5

56.667.786.789.290.5

101.3105.0110.2113.9110.9114.8117.8124.0131.3123.8132.7139.2138.9143.5141.4143.2144.5

Inter-estpaid

10.19.9

10.811.612.513.214.515.718.119.822.323.124 829.633.637.743.647.956.868.683.9

110.2130 6146.6174.6195.9207.9215.9229.9251.0269.9284.6135.6156.1186.5201.6208.7222.9236.0244.5250.9252.6256.0260.2266.5274.5278.7280.6284.5285.4288.0285.7288.1287.9

Less.-Inter-

est re-ceived

bygovern-ment2

3.33.53.94.24.65.16.06.87.78.39.9

10.611.914.417.319.220.923.530.339.950.562.175.084.895.6

107.6117.3120.5128.1138.6145.7146.179.088.499.8

112.3118.2121.6131.0134.3137.1141.8141.2142.4142.4143.2154.8148.0145.3146.5144.5144.3144.9143.4

Less:Divi-

dendsre-

ceivedby

govern-ment2

in".2.2.3.3.5.9.9.9

1.31.72.01.92.32.93.43.94.55.15.96.98.19.09.53.13.54.14.75.46.17.2768.08.28.58.79.09.09.39.39.59.59.69.7

10.010.1

Subsi-HiocQlcS

lesscur-rentsur-

plus ofgovern-mententer-prises

--0.98.2.3

- .3.1.3

1.41.21.21.52.62.43.42.6.4

2.61.43.3362.94.84.76.2

11.79.56.49.7

14.110.95.44.2.5

9.619.29.72.68.2

22.016.515 25.8

- 3 . 94.49.52.7

- 5 . 610.32.51.6

- 7 . 15.13.23.6

- 3 . 4

Surplusor

HofiritQcIICII

( - ) .na-

tionalincome

andprod-

uct ac-counts

- 3 . 13.6

- 3 . 0- 2 . 9

1.6- 1 . 6

1.2- 1 . 0

- 1 3 . 7- 4 . 6

10.0- 1 1 . 5- 1 9 . 2- 3 9

6.9- 4 . 5

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

299.4

- 3 5 . 3- 3 0 . 3

108 6- 1 3 9 . 8-108 .8- 1 2 5 . 3-146 .8-111 .7

- 9 8 . 3- 7 7 . 5

-136 .1- 1 9 3 . 3-156 .9-136 .3-127 .8-130 .9-126 .2- 1 1 5 . 8

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

-100 .2-131 .7- 1 2 3 . 1- 1 1 5 . 3-174 .4- 1 3 5 . 3-195 .6-205 .6-236 .6-272 .6-285 .2-295 .2

Adden-dum:

Grants-in-aid

toStateandlocal

govern-ments

6.86.57.28.09.1

10.411.114.415.918.620.324.429.037 540.643.954.661.167.577 380.588.787.983.987.094.4

100.3107.6102.8111.3118.2132 3153.3

84.386.997.7

104.5103.8102.9113.01157117.1118.2121.9128.1132.2131.2137.6144.3151.9153.4163.6165.1174.1174.0

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Prior to 1968, dividends received is included in interest received.Source: Department of Commerce, Bureau of Economic Analysis.

440


TABLE B-79.—Federal Government receipts and expenditures, national income and product accounts,

1976-92


Year or quarter

Fiscal:2

1976 .1977197819791980198119821983198419851986198719881989199019911992

Calendar:19761977197819791980198119821983198419851986198719881989.199019911982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989: I

IIIllIV

1990: IIIIllIV

1991-1IIIllIV

1992: IIIIll

Receipts

Total

322.0375.4423.8490.5538.1623.0642.7646.4711.7777.0813.8899.1955.1

1,050.11,089.61,114.91,144.5

339.9384.0441.2504.7553.0639.0635.4660.0725.8788.6827.2913.8972.3

1,059.31,107.41,122.2

632.3671.1739.8803.6856.8943.5

1,000.61,050.91,064.51,053.61,068.31,08671,109.61,119.91,113.31,114 61,117.31,12771,129.41,143.31,149.81,155.4

Personaltax andnontax

receipts

136.5165.2185.5221.6249.1287.9308.4290.7300.4337 0353.1396.3403.8456.9473 2472.1470.1

146.6169.1193 8229.7256.2297.2302 9292.6308.0342.8357 4400.6410.1461.9482 6473.4301.6290 5323.5351.8371.7414.8420.0449.4467.3460.6470.1474.0487.2486.6482.5474 7473.1473.4472.2468.4464.2475.5

Corpo-rate

profitstax

accruals

51.759.867.475.370.469.351656.475.175 080.499 4

107.6119.2113 8104.4110.5

54.661.671474.470.365.749061.375.276.3838

103.2111.0117.11139102.545.565 467.077.091.4

1097118.5127.8119.1110.0111.3110.3114.6119.21117100 3101.6104.9103.3112.2118.3108.2

Indirectbusinesstax andnontax

accruals

24 625.027.929.936.254.351552.057.059.153.857959.662.263874.880.3

23.825.628930*139.657.349753.557.858 653.558.460.961.966*078.249.255 458.256.854.859.561.461.061.662.862.264.865.265.468.577 376.378.380.879.279.881.3

butionsfor

socialinsur-ance

109.2125.4143.0163.7182.3211.5231.2247.3279.3305.9326.5345.5384.1411.8438 7463.5483.6

115.0127.7147 11704186.8218.82338252.6284.8310.93325351.5390.4418.5444*9468.2235.9259 8291.1318.0338.8359.44007412.6416.5420.14247437.6442.7448.8450.6462 2466*3471.1473.2483.548744904

Expenditures

Total1

379 0417.1458.0505.4587.1679.9747.6829.2875.3952.9

1,017.61,051 01,098.51,164.51249 51,310.91,433.3

3927426.44693520*3613.1697 8770*9840.08927969 9

1,02821,065.61,109.01,181.61 *273.61,332.7

815.7855 7926.6990.8

1,034.31,096.31,135.51,160.81,174.21,181.51,209.81,254.51,266.51,265.51,307.91,264.41*32941,34871,388.11,432.51,45271,459.8

Purchases

Total

132.6144.7158.1174.5201.0232.9259.5289.8302.2335 2363.7379.9386.3399.4417 6447.1446.5

135.8147.91622179*3209.1240 8266*6292.0310.9344 3367.8384.9387.0401.64264447.3281.4289 7324.7356.9373.1392.5392.0392.3401.6407.3405.1420.34244422.6438.3451.3449*9447.2440.8445.0444.8455.2

Na-tional

de-fense

91599.2

106.3117.7136.9160.9187.3210.2228.22517274.3287 6295.1299.5308 9326.6314.9

93.4100.91089121*9142.7167 5193*8214.4233.1258 62767292.1295.6299.9314 0323.8205.5222 8242.9268.6278.6295.8296.8293.5298.2305.3302.5311.6312.93084323.2332.4325^9321.93147313.63117319.6

Transferpayments

Toper-sons

154.3167.1179*3198 5235.4274.6305 6339.8342.43607380.6399 4420.7449.64905536.1594.8

159.3170.118242057247.0282 1316.4340.2344.3366.8386.2401.8425.9460 2499J550.2337.8340 0346.2370.33914405.14294448.5455.1463.64737492.8494.2499.85127538.0546^6551.75647597.8605.9610.6

To restof theworld(net)

3.13.43.54.04.35.25.86.58.7

11.512.599

10.211.614 0

-25.49.7

3.73.4384*15.05.0647.39.4

11.412.310.410411.3134

-28.38.2

11 013.913.512.814.615.110.08.6

11.515.112.015.513.312.8

-76.4- 3 L 8-6 .2

1.312.013.612.0

Grants-in-aid

toStateandlocalgov-ern-

ments

57 566.374.779.186790.183.486.291.598.6

108.3103.41084115.8128.3146.9169.2

61167.577 380.588.787.983.987.094.4

100.3107.6102.8111.3118.2132 3153.384.386 997.7

104.5103.8102.9113.01157117.1118.2121.9128.1132.2131.2137.6144.315L91534163.6165.1174.1174.0

Netinter-estpaid

25128.533.140.250.166.181.889.6

107.5125.2130.5133.6143.8160.5175.1183.1188.1

26.829.134 642.152771.784 492.7

113.1127.01310136.6146.0164.8176 6186.986.899 2

122.3129.2131.1143.1151.2159.8165.81644168.91714176.9183.3174.8182 7188^1186.8190.1186.8187.5187.8

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

657.29.49.19.6

11.011.516.823.021.622.124.928.927.623.923.125.1

628.4928.7

10.610.313 320.420.819.923.429.128.425.525.123.117.328 822.216422.137.834.934.625.916.625.029.923.215.332.024 824415.727725.726.920.2

Surplusor

deficit( — )>

nationalincome

andproduct

accounts

57 0- 4 1 . 7- 3 4 . 1- 1 4 . 9

49 0- 5 6 . 9

-105 .0-182 .8- 1 6 3 . 6-175 .9

203 9-151 .9- 1 4 3 . 3- 1 1 4 . 3-159 .9- 1 9 6 . 1-288 .8

- 5 2 . 942 4

- 2 8 1- 1 5 . 7- 6 0 . 1- 5 8 . 8

- 1 3 5 . 5-180 .1-166 .9- 1 8 1 4-201.0-151.8-136.6

122 3-166.2-210.4-183.4-184.6-186.8-187.2-177.5-152.7-134.9-110.0- 1 0 9 7-128.0-141.5-167.8-156.9-145.6-194.6- 1 4 9 9— 21212-221.0-258.7

-289.2-302.9- 3 0 4 4

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. Data are not seasonally adjusted.

Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.


TABLE B-80.—State and local government receipts and expenditures, national income and product accounts,

1959-92


Yearor

quarter

Receipts

Total

45.0

48.352.456.661.167.1

72.381.589.8

102.7114.8

129.0145.3169.7185.3200.6

225.6253.9281.9309.3330.6

361.4390.8409.0443.4492.2

528.7571.2594.3631.3681.5

729.3777.9

417.9459.5505.1544.8582.4605.1648.2

662.8678.0687.4697.7

713.1722.1735.4746.6

754.0769.3783.5804.6

817.8834.0840.0

Personaltax andnontax

receipts

4.6

5.25.76.36.77.5

8.19.5

10.612.715.2

16.718.724.226.328.2

31.0• 35.8

41.046.350.5

56.263.068.576.287.1

94.0101.6111.8117.6131.4

138.7145.4

70.581.189.997.0

106.8113.8122.0

125.8131.8133.2135.0

135.5137.4140.7141.3

142.1144.1145.2150.1

151.1152.9153.3

Corpo-rate

profitstax

accruals

1.2

1.21.31.51.71.8

2.02.22.63.33.6

3.74.35.36.06.7

7.39.6

11.412.113.6

14.515.414.015.918.8

20.222.723.926.024.2

22.721.5

13.116.816.820.625.225.527.7

26.924.622.622.8

22.123.023.822.0

21.021.322.121.7

24.225.823.6

Indirectbusinesstax andnontax

accruals

29.3

32.034.437.039.442.6

46.149.753.960.867.4

74.883.191.299.5

107.2

115.8127.8139.9148.9158.6

172.3192.0206.8226.6251.7

271.4292.0306.5324.5352.8

378.2397.0

213.1236.3259.6278.3296.8312.8332.7

340.7350.0358.2362.2

371.2372.5382.0387.2

387.4391.9401.7407.1

414.6417.8425.1

Contribu-tions for

socialinsurance

3.1

3.43.73.94.24.7

5.05.76.77.28.3

9.210.211.513.014.6

16.819.522.124.727.4

29.732.535.837.740.2

42.847.349.251.954.8

57.360.6

36.838.441.144.349.850.252.8

53.754.555.255.8

56.356.957.758.5

59.260.261.062.0

62.763.464.0

Federalgrants-in-

aid

6.8

6.57.28.09.i

10.4

11.114.415.918.620.3

24.429.037.540.643.9

54.661.167.577.380.5

88.787.983.987.094.4

100.3107.6102.8111.3118.2

132.3153.3

84.386.997.7

104.5103.8102.9113.0

115.7117.1118.2121.9

128.1132.2131.2137.6

144.3151.9153.4163.6

165.1174.1174.0

Expenditures

Total»

45.5

48.352.756.160.666.1

72.381.190.9

102.6113.3

127.2142.8156.3171.9193.5

221.0239.3256.3278.2305.4

336.6362.3382.1403.2434.1

472.6517.0554.2593.0636.7

699.2760.7

391.4411.1446.1488.4531.1568.1607.9

618.9629.8641.7656.4

677.0688.3705.0726.4

739.4752.8768.1782.5

801.2816.3830.8

Pur-chases

41.8

44.548.451.455.860.9

66.874.682.792.3

101.3

112.6124.3134.7149.2170.7

192.0205.5220.1241.4269.2

298.0320.3341.1360.3389.9

428.1465.3496.6531.7573.6

616.8643.2

350.3367.9402.2442.4476.6509.0545.7

558.1568.6578.4589.3

604.3610.0619.7633.0

636.3640.8646.0649.5

658.0664.3669.0

Trans-fer

pay-ments

toper-sons

5.6

5.96.57.07.58.2

8.810.112.114.516.7

20.124.027.530.432.3

38.943.647.452.457.2

65.773.679.985.993.5

101.2110.9119.6130.0143.6

164.7198.0

82.188.096.1

104.5114.4122.9134.2

137.3141.3145.5150.2

155.4160.8167.3175.4

184.8193.2202.3211.8

220.8229.4238.7

Netinterest

paidlessdivi-

dendsreceived

0.1

.1

.1

.2

.1- . 1

- . 3- . 6_ §

- n- 1 . 3

- 2 . 0- 1 . 6- 1 . 8- 3 . 3- 5 . 2

- 5 . 4- 5 . 0- 6 . 0- 9 . 8

-15 .3

-21.2-25 .9-31 .8-34 .3-37 .9

-43.2-45 .6-47.0-51 .1-60.4

-61.4-57.9

-33.2-35 .1-39.7-44.7-45 .9-48.0-53 .4

-57 .2-60.0-61 .8-62 .6

-62 .3-61.9-61 .0-60 .3

-59.4-58 .5-57.4-56.2

55.1-54 .3-53.4

Subsi-diesloccless

currentsurplus

ofgovern-

enter-prises

- 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 . 1- 8 . 7

-11.4

-13 .5-13.7-14.9-17 .5-20.1

-20.9-22 .6

- 7 . 7- 9 . 6

-12 .5-13 .8-13.9-15.8-18 .5

-19.4-20 .0-20 .5-20.6

-20.4-20.6-21.0

21.6

-22 .3-22 .8-22.9

22.6

22.5-23.2-23 .6

Surplusor

deficit(-),

nationalincome

andproduct

accounts

1959...

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV

1992:1

- 0 . 5

.0- . 4

.5

.41.0

.0

.5- 1 . 1

.11.5

1.82.5

13.413.47.1

4.614.625.631.125.1

24.828.526.940.358.1

56.154.340.138.444.8

30.117.1

26.548.359.056.351.237.040.2

43.948.245.741.3

36.133.830.320.2

14.616.515.422.0

16.617.79.2

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.


442


TABLE B-81.—State and local government revenues and expenditures, selected fiscal years, 1927-91

[Millions of dollars]

Fiscal yearJ

General revenues by source2

Total Propertytaxes

Salesand

grossreceipts

taxes

Indi-vidualincometaxes

Corpo-ration

netincometaxes

Revenuefrom

FederalGovern-

ment

Allother3

General expenditures by function2

Total Educa-tion

High-ways

Publicwelfare

Allother4

1927 11932 i1934 11936 11938 i1940 "1942 !1944 11946 !1948.19501952

19531954195519561957195819591960196119621963

1962-631963-641964-65

1965-661966-671967-681968-691969-70

1970-711971-721972-731973-741974-75

1975-761976-771977-781978-791979-80

1980-811981-821982-83.....1983-841984-85

1985-861986-871987-881988-891989-90

7,271

7,287 i7,678 I8,395 j9,228 !9,609 :

10,413 !10,908 i12,355 i17,2501

4,730

4,487 !4,075!4,093 !4.440

470!

752!1,008 !

4,430 i

4^604 I4,985!6,126 I

20,91125,181

27,30729,01231,07334,66738,16441,21945,30650,50554,03758,25262,890

62,26968,44374,000

83,03691,197101,264114,550130,756

144,927167,541190,222207,670228,171

256,176285,157315,960343,279382,322

423,404457,654486,753542,730598,121

641,486686,860726,762786,129849,502

902,189

7,3498,652

9,3759,96710,73511,74912,86414,04714,98316,40518,00219,05420,089

19,83321,24122,583

24,67026,04727,74730,67334,054

37,85242,87745,28347,70551,491

57,00162,52766,42264,94468,499

74,96982,06789,10596,457103,757

111,709121,203132,212142,400155,613

167,926

1,794!1,982 !2,35112,289 j2,986 I4,442 I5,154 i6,357 |

6,927 i7,276 {7,6438,69119,467 i9,82910,43711,84912,46313,49414,456

14,44615,76217,118

19,08520,53022,91126,51930,322

33,23337,51842,04746,09849,815

54,54760,64167,59674,24779,927

85,97193,613100,247114,097126,376

135,005144,091156,452166,336177,885

7480153218224276342422543783998

1,065 |1,127 i1,237 |1,5381,7541,7591,9942,4632,6133,0373,269

3,2673,7914,090

4,7605,8257,3088,908

10,812

11,90015,22717,99419,49121,454

24,57529,24633,17636,93242,080

46,42650,73855,12964,52970,361

74,36583,93588,35097,806

105,640

92

79 I49!113 •165 ̂1561272 1451!447 !592;593!846 i

817|778!744 i890 j984!

1,018 !1,0011,1801,2661,3081,505

1,5051,6951,929

2,0382,2272,5183,1803,738

3,4244,4165,4256,0156,642

7,2739,17410,73812,12813,321

14,14315,02814,25817,14119,152

19,99422,42523,66325,92623,566

116

2321,015948|800 I945 •858;954:855 |

1,861 i2,486 |2,565 |

I

1,7931 7,210 2,235 1,809; 151

2,870 I2,956 i3.13113,335 I3,8434,8656,3776,9747,1317,8718,722

8,66310,00211,029

13,21415,37017,18119,15321,857

26,14631,34239,26441,82047,034

55,58962,44469,59275,16483,029

90,29487,28290,00796,935106,158

113,099114,857117,602125,824136,802

1990-91" 902,189 167,926 185,570 109,341 22,242 154,097 263,013 908,635 309,667 64,937 130,402 403,629

1,643 i1,449 !1,604 i1.811!1,872 ;

2,123 j2,253 i2.651 i3,585 !4,541 !5,763 i

6,252 |6,897 j7,584 I8.465 I9,252 !9,69910,51611,63412,56313,48914,850

14,55615,95117,250

19,26921,19723,59826,11829,971

32,37436,16240,21046,54151,735

57,19161,12468,43679,86495,466

111,599128,926138,008153,570172,317

187,314200,350208,482227,838249,996

7,7657,1817,6448,7573,2299,1908,86311,02817,63422,78726,098

27,91030,70133,72436,71140,37544,85148,88751,87656,20160,20664,816 !

63,977 i69,30274,678

82,84393,350102,411116,728131,332

150,674168,549181,357198,959230,721

256,731274,215296,984327,517369,086

407,449436,733466,516505,008553,899

605,623657,134704,921762,360834,818

2,311!1,831 !2,177 |2,491 !2,638 ;2,585 !2,733 i3,356 i5,379 |7,177 |8,318 I

9,390 I10,557 |11,907 113,220 i14,134 j15,91917,28318,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,23852,718

59,41365,81469,71475,83387,858

97,216102,780110,758119,448133,211

145,784154,282163,876176,108192,686

210,819226,619242,683263,898288,148

4,9875,5276,4526,9537,8168,5679,5929,4289,844

10,35711,135

11,15011,66412,221

12J7013,93214,48115,41716,427

18,09519,02118,61519,94622,528

23,90723,05824,60928,44033,311

34,60334,52036,65539,41944,989

49,36852,35555,62158,10561,057

2,914 i3,060!3,163 |3,139 !3,485 i3.818 i4,136 i4,404 I4,720!5,084 '5,481

5,4205,7666,315

6,7578,2189,85712,11014,679

18,22621,11723,58225,08528,155

32,60435,90639,14041,89847,288

54,10557,99660,90666,41471,479

75,86882,65089,09097,879110,518

3,015

1,741!1,509 !1,4251.550 :1,573 ;1,490 i1.2001.612 \3,035 ;3,803 !4,650 !

444 1889l827!

1,059 !1,156 \1.225 i1,133 11.409 12,0S3 I2,940!2,738 !

3,2692,9523.2153,5473,3623,8893,7374.5S17,1708,86710,342

10 61911,55712,19713,39914,94016,54717,87619,32521,06322,54924,423

23,67825,58627,579

30,02933,28136,91541,96347,508

54,94062,59769,44678,09692,180

103,004112,472122,477137,731155,277

172,957189,935205,079223,068244,745

269,568295,510317,528342,479375,095

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 other taxes and charges and miscellaneous revenues.4 Includes expenditures for libraries, hospitals, health, employment security administration, veterans' services, air transportation,

water transport and terminals, parking facilities, and transit subsidies, police protection, fire protection, correction, protective inspectionand regulation, sewerage, natural resources, parks and recreation, housing and community development, solid waste management,financial administration, judicial and legal, general public buildings, other governmental administration, interest on general debt, andgeneral expenditures, n.e.c.

Note.—Data for fiscal years listed from 1962-63 to 1990-91 are the ithe 12-month period from July 1 to June 30 of those years. Data for 19ending during that particular calendar year.

Data are not available for intervening years.


. . - „ . . . „ . ernment fiscal years that ended inI and earlier years include data for government fiscal years


TABLE B-82.—Interest-bearing public debt securities by kind of obligation, 1967-92

[Millions of dollars]

End of yearor month

Totalinterest-bearingpublicdebt

securities

Marketable

Total »Treasury

billsTreasury

notesTreasury

bonds

Nonmarketable

TotalU.S.

savingsbonds

Foreigngovern-mentand

publicseries2

Govern-ment

accountseries

Other *

Fiscal year:196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991..1992

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

1,821,0102,122,6842,347,7502,599,8772,836,309

3,210,9433,662,7594,061,801




JulyAugSeptOctNov

3,408,6373,455,9103,441,3673,442,4023,494,5763,516,066

3,574,2263,600,6033,662,7593,714,5923,732,2813,798,859

3,806,5263,814,1473,878,4943,889,2113,919,0963,961,791

4,007,7784,046,0654,061,8014,050,8144,130,034

4 210,672226,592226,107

232,599245,473257,202262,971266,575

315,606392,581443,508485,155506,693

594,506683,209824,422

1,024,0001,176,556

1,360,1791 1,564,3291 1,675,9801 1,802,9051 1,892,763

1 2,092,7591 2,390,6601 2,677,4761 2,221,7461 2,257,0981 2,227,9141 2,237,6821 2,278,5451 2,268,0601 2,327,8121 2,347,6291 2,390,6601 2,429,2261 2,439,4061 2,471,6461 2,486,0971 2,493,4161 2,552,2611 2,554,1751 2,572,9611 2,605,0581 2,637,9181 2,672,2251 2,677,4761 2,661,3741 2,734,642

58,53564,44068,356

76,15486,67794,648100,061105,019

128,569161,198156,091160,936161,378

199,832223,388277,900340,733356,798

384,220410,730378,263398,451406,597

482,454564,589634,287

537,383541,742533,262504,404512,912521,544

538,211551,555564,589585,908589,735590,389

586,759591,223615,818598,383620,107618,218

632,322637,025634,287627,762644,964

49,10871,07378,946

93,489104,807113,419117,840128,419

150,257191,758241,692267,865274,242

310,903363,643442,890557,525661,687

776,449896,884

1,005,1271,089,5781,133,193

1,218,0811,387,7171,566,349

1,281,2001,301,0871,280,3851,319,0151,339,4191,320,313

1,363,4031,357,7151,387,7171,404,9751,399,1951,430,784

1,448,8691,443,4001,477,6531,497,0031,483,5591,517,548

1,536,3061,558,3591,566,3491,556,7851,602,153

97,41891,07978,805

62,95653,98949,13545,07133,137

36,77939,62645,72456,35571,073

83,77296,178103,631125,742158,070

199,510241,716277,590299,875337,974

377,224423,354461,840

388,164399,270399,268399,263411,214411,203

411,199423,359423,354423,343435,476435,473

435,470443,793443,791443,789454,295454,292

454,289461,841461,840461,827472,525

111,614117,808125,623

136,426150,816168,158193,382206,663

216,516226,673254,121281,816312,314

311,896313,286316,461351,751383,015

460,831558,355671,769796,972943,546

1,118,1841,272,0991,384,325

1,186,8911,198,8111,213,4531,204,7191,216,0311,248,006

1,246,4141,252,9741,272,0991,285,3671,292,8751,327,213

1,320,4291,320,7311,326,2331,335,0361,346,1351,376,733

1,369,8611,373,8401,384,3251,389,4411,395,392

51,21351,71251,711

51,28153,00355,92159,41861,921

65,48269,73375,41179,79880,440

72,72768,01767,27470,02472,832

77,01185,55197,004106,176114,025

122,152133,512148,266

125,294126,524127,726129,145130,246131,268

132,062132,744133,512134,545135,402135,924

137,293138,656139,924141,320142,217143,215

144,503146,083148,266151,147153,528

1,5143,7414,070

4,7559,27018,98528,52425,011

23,21621,50021,79921,68028,115

25,15820,49914,64111,4508,806

6,6384,1284,3506,3206,818

36,04141,63937,039

43,21142,66542,78842,68042,62142,101

42,11842,02441,63941,47241,73641,940

42,02541,97141,96642,16442,25938,698

38,45637,02337,03936,52637,370

56,15559,52666,790

76,32382,78489,598101,738115,442

124,173130,557140,113153,271176,360

189,848201,052210,462234,684259,534

313,928365,872440,658536,455663,677

779,412908,406

1,011,020

828,789839,760853,086842,527852,749883,188

886,229889,893908,406920,079926,101959,185

954,823952,963956,123961,491970,957

1,002,534

999,9571,002,9691,011,0201,016,3801,019,979

2,7312,8283,051

4,0685,7593,6543,7014,289

3,6444,883

16,79727,06727,400

24,16423,71824,08535,59341,843

63,255102,804129,758148,023159,025

180,581188,541188,000

189,598189,862189,853190,368190,415191,450

186,004188,315188,541189,269189,636190,165

186,287187,140188,219190,060190,702192,285

186,945187,765188,000185,388184,516

1 Includes Federal Financing Bank securities, not shown separately, in the amount of 15,000 million dollars.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-

currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and special

issues held only by U.S. Government agencies and trust funds and the Federal home loan banks.4 Includes $5,610 million in certificates not shown separately.

Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis.

Source: Department of the Treasury.


TABLE B-83.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-92

End of year or month

Amountout-

standing,privately

held

Maturity class

Within1 year

I t o 5years

5 to 10years

10 to 20years

20 yearsand over

Average length

Fiscal year:196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985...1986...1987...1988...

1990...1991..1992...

1991:JanFebMarAprMay....June...

JulyAugSept....OctNovDec

1992: Jan....Feb....Mar....Apr....May...June..

yAugSeptOctNov

150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782326,674356,501380,530

463,717549,863682,043862,631

1,017,488

1,185,6751,354,2751,445,3661,555,2081,654,660

1,841,9032,113,7992,363,802

1,954,2461,987,3881,970,5191,974,8832,012,1272,003,121

2,054,7822,075,2552,113,7992,143,2442,157,1592,171,507

2,201,6422,211,9632,266,8062,268,3752,284,8662,310,321

2,344,0942,372,7642,363,8022,362,0752,425,550

Millions of dollars

56,56166,74669,311

76,44374,80379,50984,04187,150

115,677150,296161,329163,819181,883

220,084256,187314,436379,579437,941

472,661506,903483,582524,201546,751

626,297713,778808,705

677,365686,639678,000647,282662,538673,231

688,269702,752713,778736,169743,407742,609

749,495758,592786,988769,874786,584784,194

800,084811,729808,705806,345825,445

53,58452,29550,182

57,03558,55757,15754,13950,103

65,85290,578113,319132,993127,574

156,244182,237221,783294,955332,808

402,766467,348526,746552,993578,333

630,144761,243866,329

679,371699,981685,842720,023736,577717,100

752,002733,723761,243769,530769,070788,493

806,162785,152812,044828,118816.200845,264

861,247868,080866,329860,918893,133

21,05721,85018,078

8,28614,50316,03316,38514,197

15,38524,16933,06733,50032,279

38,80948,74375,74999,174130,417

159,383189,995209,160232,453247,428

267,573280,574295,921

270,662265,683268,356269,257264,523264,344

266,065280,576280,574280,645276,457274,221

278,275291,657291,507293,819295,318294,745

296,644297,830295,921299,422303,863

6,1536,1106,097

7,8766,3576,3588,7419,930

8,8578,0878,42811,38318,489

25,90132,56933,01740,82649,664

62,85370,66472,86274,18680,616

82,71384,90084,706

86,12984,44685,13685,13687,19887,198

87,19884,90084,90084,39487,46187,203

87,29785,79885,70885,79885,78885,793

85,79385,57284,70685,52992,798

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,652

10,53114,80520,304

22,67930,12737,05848,09766,658

88,012119,365153,016171,375201,532

235,176273,304308,141

240,719250,639253,185253,185261,291261,248

261,248273,304273,304272,506280,764278,980

280,413290,764290,559290,765300,976300,326

300.326309,553308,141309,861310,311

Years Months

544

33332

22233

34344

45556

665

566666

666566

565565

55555

152

863111

871137

901116

113990

1011

1100021

0101110

1111111011

1011111111

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.

445334-230 O—92 15(QL3)


TABLE B-84.—Estimated ownership of public debt securities by private investors, 1976-92

[Par values;' billions of dollars]

End of month

Held by private investors

TotalCommer-

cialbanks2

Nonbank investors

Total

Individuals3

Total Savingsbonds4

Othersecuri-

ties

Insur-ance

compa-nies

Moneymarketfunds

Corpora-tions8

State andlocal

govern-ments6

Foreignand

interna-tional7

Otherinves-tors8

1976: JuneDec

1977: JuneDec

1978: JuneDec

1979: JuneDec

1980: JuneDec

1981: JuneDec

1982: JuneDec

1983: JuneDec

1984: JuneDec

1985: JuneDec

1986: JuneDec



1989: Mar

June

Dec.;";;;;;;;



1992: MarJuneSept

376.4409.5

421.0461.3

477.8508.6

516.6540.5

558.2616.4

651.2694.5

740.9848.4

948.61,022.6

1,102.21,212.5

1,292.01,417.2

1,502.71,602.0

1,641.41,658.11,680.71,731.4

1,779.61,786.71,821.21,858.5

1,903.41,909.11,958.32,015.8

2,115.12,141.82,207.32,288.3

2,360.62,397.92,489.42,563.2

2,664.02,712.42,765.5

92.5103.8

102.9102.0

99.695.3

94.695.6

98.5111.5

115.0113.8

114.7134.0

167.4179.5

180.6181.5

195.6189.4

194.3197.5

193.4192.3198.3194.2

195.6190.7191.2184.9

192.0178.0166.6164.9

178.4176.9179.5171.5

188.5197.3218.6233.4

256.6267.2270.0

283.9305.7

318.1359.3

378.2413.3

422.0444.9

459.7504.9

536.2580.7

626.2714.4

781.2843.1

921.61,031.0

1,096.41,227.8

1,308.41,404.5

1,448.01,465.81,482.41,537.2

1,584.01,596.01,630.01,673.6

1,711.41,731.11,791.71,850.9

1,936.71,964.92,027.82,116.8

2,172.12,200.62,270.82,329.8

2,407.42,445.22,495.5

96.1101.6

104.9107.8

109.0114.0

115.5118.0

116.5117.1

107.4110.8

114.1116.5

121.3133.4

142.2143.8

148.7154.8

159.5162.7

163.0165.6167.7172.4

178.1182.0186.8190.4

204.2211.7213.5216.4

222.8229.6232.5233.8

238.3243.5257.5263.9

268.1275.1281.2

69.672.0

74.476.7

79.180.7

80.679.9

73.472.5

69.268.1

67.468.3

69.771.5

72.974.5

76.779.8

83.892.3

94.796.898.5

101.1

104.0106.2107.8109.6

112.2114.0115.7117.7

119.9121.9123.9126.2

129.7133.2135.4138.1

142.0145.4150.3

26.529.6

30.531.1

29.933.3

34.938.1

43.144.6

38.242.7

46.748.2

51.661.9

69.369.3

72.075.0

75.770.4

68.368.869.271.3

74.175.879.0

92.097.797.898.7

102.9107.7108.6107.6

108.6110.3122.1125.8

126.1129.7130.9

10.712.7

13.015.1

14.215.3

16.015.6

15.318.1

19.921.6

24.430.6

37.846.0

51.264.5

69.180.5

87.9101.6

106.3104.7106.2108.1

110.2111.0115.9118.6

119.7120.3121.4125.1

134.9137.6141.2142.0

145.3151.7163.0168.7

176.9181.3185.0

1.31.5

3.85.6

5.33.5

9.021.5

22.442.6

28.322.8

14.925.9

24.825.1

22.828.6

18.820.615.514.6

15.213.411.111.8

13.011.312.914.9

31.328.034.045.5

65.455.464.5

84.079.479.4

23.323.5

22.118.2

17.317.3

18.617.0

14.019.3

19.917.9

17.624.5

32.839.7

45.350.1

54.959.0

61.268.8

73.579.781.884.6

86.387.685.986.0

89.491.090.993.4

94.996.9

102.0108.9

114.9130.8142.0150.8

166.0175.0

32.739.3

49.659.1

69.681.1

86.286.2

85.190.3

95.999.9

106.0118.6

138.1153.0

168.5188.4

213.4303.6

319.5346.6

365.3383.9397.6418.4

432.5446.9457.7471.6

477.9483.5487.1487.5

493.8494.5492.1490.4

510.4510.8512.9520.3

521.8528.5530.0

69.878.1

87.9109.6

119.5133.1

114.9119.0

118.2129.7

136.6136.6

137.2149.5

160.1166.3

171.6205.9

213.8224.8

250.9263.4

272.8281.1279.5299.7

332.5345.4345.9362.2

376.6369.1394.9392.9

385.0390.5403.5421.7

427.6436.9440.6455.0

471.2492.9499.0

50.549.4

39.848.6

47.351.0

67.083.5

105.3126.9

147.5172.4

204.5232.1

262.8281.9

327.9352.4

371.7380.0

406.6432.8

448.3430.2434.1439.4

429.2409.7426.7433.0

430.6444.2471.0520.7

574.0587.8622.5674.5

670.2671.6690.3691.1

719.5713.1740.0

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.4 Includes U.S. savings notes. Sales began May 1, 1967, and were discontinued June 30, 1970.5 Exclusive of banks and insurance companies.6 State and local government securities have been redefined to include their fully defeased debt that is backed by nonmarketable Federal securities. 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-85.—Corporate profits with inventory valuation and capital consumption adjustments, 1959-92


Year or quarter

1959

I9601961196219631964

19651966196719681969 .

19701971197219731974

19751976...197719781979

19801981198219831984...

19851986198719881989 .199019911982: IV1983: IV1984: IV . . . .1985: IV .1986- IV1987- IV..1988- IV . .

1989-1||IIIIV

1990:1II.IllIV

1991-1IIIllIV

1992:1IIIII..

Corporateprofits withinventoryvaluation

and capitalconsumptionadjustments

52.3

50.751.659 665.172.1

82.988.686 092.689.6

77.590.3

103 2116.4104 5

121.9147.1175.7199.7202 5

177.7182 0151.5212.7264 2

280.82716319 8365.0362.8361.7346.3150.3229.12613284 9264 6343 3378 3

369 4369 9357 3354 5

367.6384 0351.4344.0

349 6347.3341.23471

384.0388.4374.1

Corporateprofits tax

liability

23.6

22.722.824.026.228.0

30.933.732.739.439.7

34.437.741.949.351.8

50.964.273.083.588 0

84.881163.177.294 0

96.5106 5127 1137.0141.3136.7124.058.782.283.897.6

116 6135 2146 2

154 8143 7132 6134 2

132.4137 6143.0133.7

1213122.9127.0125.0

136.4144.1131.8

Corporate profits after tax with inventoryvaluation and capital consumption adjustments

Total

28.6

28.028.835.638.944.1

52.054.953.353.249.9

43.152.661.367.152.7

71.082.8

102.6116.2114.5

92.9100.988.4

135.4170.2

184.2165.1192.8228.0221.5225.1222.3

91.7146.9177.5187.2148.1208.1232.2

214.7226.3224.7220.3

235.2246.4208.4210.2

228.3224.4214.2222.2

247.6244.3242.3

Dividends

12.7

13.414.015.016.118.0

20.220.922.124.625.2

23.723.725.828.130.4

30.135.640.745.952.4

59.069.270.081.282.7

92.4109.8106.2115.3134.6149.3146.572.584.283.497.4

111.0106.3121.0

127.8132.2136.9141.3

146.1148.7150.6151.9

150.6146.2145.1143.9

143.6146.6151.1

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

15.9

14.614.820.622.826.1

31.834.031.228.624.7

19.428.835.539.022.3

40.947.261.970.362.1

33.931.718.454.287.5

91.955.486.5

112.686.975.775.819.262.794.189.937.1

101.8111.286.994.187.879.0

89.197.757.858.377.778.169.078.3

104.097.791.2



TABLE B-86.—Corporate profits by industry, 1959-92


Year orquarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV1983: IV1984: IV1985- IV1986: IV1987: IV1988: IV

1989-1IIIllIV

1990: IIIIllIV

1991:1IIIllIV

1992:1IIIll

Total

53.1

51.051.356.461.267.5

77.683.080.386.983.2

71.885.597.9

110.9103.4

129.4158.8186.7212.8219.8

197.8203.2166.4202.2236.4

225.3227.6273.4320.3325.4

341.2337.8

160.0216.2223.6228.0225.0293.4340.5

331.3330.0319.8320.6

337.4359.6334.4333.5

344.2342.2331.9333.1

360.7361.4344.4

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Domestic industries

Total

50.4

47.848.052.657.163.0

72.978.575.581.376.6

64.777.788.496.085.9

114.8142.3167.7190.2185.6

162.9174.0138.6171.9205.2

194.5194.6233.9271.2266.0

275.5271.3

130.8182.6192.9193.5192.5246.3285.9

274.9272.5261.7254.8

275.0297.0269.7260.2

269.4275.9270.0270.2

292.0300.4279.3

Total

7.0

7.77.57.67.37.5

7.99.29.5

10.911.6

13.115.216.417.516.2

15.919.925.731.831.6

24.318.715.624.520.3

28.735.836.441.850.6

56.760 9

23.022.120.329.034.739.446.1

51.950.947.252.5

57.057.856.955.1

59.760.763.659.7

70.161.340.3

Financial*

FederalReservebanks

0.7

.9

.8

.91.01.1

1.31.72.02.53.1

3.53.33.34.55.7

5.65.96.17.69.4

11.814.415.214.616.4

16.315.515.717.620.1

21.420 2

14.615.217.216.015.216.118.9

19.720.819.720.4

20.621.322.121.5

20.920.220.019.8

18.818.517.2

Other

6.3

6.76.86.86.46.4

6.57.57.68.48.5

9.611.913.113.010.5

10.314.019.624.122.2

12.64.3

.49.93.9

12.420.320.724.230.5

35.340 7

8.36.93.2

13.019.523.327.2

32.230.127.532.1

36.536.534.833.6

38.840.543.639.9

51.342.823.1

Total

43.4

40.240.445.049.855.5

65.069.366.070.465.0

51.662.572.078.569.7

98.9122.4142.0158.4153.9

138.5155.3123.0147.4185.0

165.8158.9197.5229.4215.3

218.8210 4

107.8160.5172.6164.5157.8207.0239.7

223.0221.6214.5202.3

218.0239.2212.8205.1

209.7215.1206.4210.5

221.9239.0239.0

Manu-fac-

turing2

26.5

23.823.426.329.632.4

39.742.439.041.737.0

27.134.841.446.740.7

54.570.778.589.688.3

75.887.463.171.486.7

80.159.087.0

117.5108.0

106.989 3

50.190.579.283.363.998.7

129.3

119.7111.4106.594.5

104.4116.6110.696.3

87.690.391.887.5

97.5115.2118.0

Nonfinancial

Trans-portation

and publicutilities

7.1

7.57.98.59.5

10.2

11.011.910.911.010.6

8.28.99.49.07.6

10.915.318.521.716.9

18.320.120.828.939.9

34.136.543.447.542.1

43.946 1

18.219.133.531.334.243.147.6

43.145.141.438.8

46.349.141.738.6

46.949.642.245.6

49.442.240.6

Wholesaleand retail

trade

6.2

5.25.56.36.47.9

8.68.89.7

10.911.2

10.312.314.114.613.7

21.923.127.827.728.3

22.831.631.938.749.7

43.146.339.937.139.7

35.844 0

33.840.750.839.043.139.339.3

37.439.342.939.2

36.741.730.035.0

44.145.541.744.5

39.946.743.7

Other

3.6

3.63.63.94.45.1

5.66.26.46.86.2

5.96.67.18.27.7

11.613.317.119.420.5

21.616.27.28.48.7

8.517.127.227.325.5

32.131.1

5.710.29.0

11.016.625.823.5

22.825.823.729.8

30.631.830.535.3

31.129.830.732.9

35.135.036.7

Restof theworld

2.7

3.13.33.84.14.5

4.74.54.85.66.6

7.17.99.5

14.917.5

14.616.518.922.634.3

35.029.227.830.431.2

30.832.939.549.159.4

65.766.5

29.233.630.734.532.647.054.6

56.457.558.165.8

62.462.664.773.3

74.866.361.962.9

68.761.065.1

1 Consists of the following industries: Depository institutions; nondepository credit institutions; security and commodity brokers;insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.

2 See Table B-87 for industry detail.

Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning1987, and on the 1972 SIC for earlier years shown.



TABLE B-87.—Corporate profits of manufacturing industries, 1959-92


Year or quarter

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Totalmanufac-

turing

Durable goods

Total

Pri-marymetalindus-tries

Fabri-catedmetalprod-ucts

Indus-trial

machin-ery andequip-ment

Elec-tronic

andother

electricequip-ment

Motorvehicles

andequip-ment

Other

Nondurable goods

Total

Foodand

kindredprod-ucts

Chemi-calsand

alliedprod-ucts

Petro-leumandcoalprod-ucts

Other

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1982: IV...1983: IV..,1984: IV...1985: IV...1986: IV..1987: IV...1988: IV...

1989:1II...III..IV..

1990:1....II...III..IV..

1991:1....II...

1992:1....II...

26.5

23.823.426.329.632.4

39.742.439.041.737.0

27.134.841.446.740.7

54.570.778.589.688.3

75.887.463.171.486.7

80.159.087.0

117.5108.0

106.989.3

50.190.579.283.363.998.7

129.3

119.7111.4106.594.5

104.4116.6110.696.3

87.690.391.887.5

97.5115.2118.0

13.7

11.7.11.414.116.418.0

23.223.921.222.419.0

10.416.622.625.015.1

20.331.237.645.036.5

17.918.14.8

18.437.2

29.030.042.252.249.3

40.525.8

- 5 . 333.434.228.834.235.256.4

55.251.647.443.0

46.344.441.429.8

23.329.026.224.8

31.838.343.8

2.3

2.01.61.62.02.5

3.13.62.71.91.4

1.62.35.0

2.72.11.03.63.5

2.63.0

- 4 . 7- 4 . 9

- . 4

- . 9.9

2.65.96.1

3.11.1

-5 .2-3 .7-1 .0- 1 . 3

1.73.36.5

6.47.16.84.1

4.73.42.02.3

1.51.2.2

1.4

1.1

.81.01.21.31.4

2.12.42.52.32.0

1.11.52.22.61.8

3.23.94.55.05.2

4.34.42.63.14.5

4.75.35.26.46.6

6.35.4

1.14.95.24.04.76.06.4

7.66.77.05.3

7.96.95.84.8

4.15.55.86.0

6.17.87.8

2.2

1.81.92.42.53.3

4.04.54.14.13.7

3.03.04.34.73.1

4.86.78.3

10.49.1

7.58.23.44.46.3

5.33.27.3

10.510.3

11.38.9

1.06.55.07.02.66.38.0

9.210.29.1

12.6

12.410.911.010.7

9.99.76.89.2

8.69.59.3

1.7

1.31.31.51.61.7

2.73.03.02.92.3

1.31.92.83.2

.5

2.63.85.86.65.4

5.04.91.33.44.8

2.42.66.27.69.3

7.56.6

- 1 . 06.64.12.03.32.99.7

9.29.47.9

10.9

9.88.37.14.8

7.26.95.56.8

7.26.4

10.4

3.0

3.02.54.04.94.6

6.25.14.05.54.8

1.35.15.95.9

.7

2.27.49.38.94.6

- 4 . 3.2

— 45.28.9

7.34.43.75.72.3

- 2 . 6-6 .9

- 2 . 99.48.57.34.5

.69.6

7.64.0

.6- 3 . 1

- 4 . 3- . 4

.5- 6 . 1

-10.9- 7 . 5- 4 . 3- 4 . 9

1.84.51.9

3.5

2.83.13.54.04.5

5.25.35.05.74.9

3.04.25.76.34.1

4.87.48.6

10.58.6

2.8- 2 . 7

2.67.2

13.1

10.113.717.316.114.6

14.910.8

1.79.7

12.49.7

17.416.216.2

15.214.216.013.2

15.815.315.013.3

11.513.212.26.2

7.49.0

14.0

12.8

12.112.012.213.214.4

16.418.417.819.218.0

16.818.218.821.725.7

34.139.541.044.651.8

57.869.358.353.049.5

51.129.044.865.358.8

66.563.5

55.557.145.054.529.763.472.9

64.559.859.151.6

58.172.269.266.4

64.361.365.762.7

65.776.974.2

2.5

2.22.42.42.72.7

2.83.33.23.23.0

3.23.52.92.52.6

8.67.16.86.15.8

6.09.07.25.87.3

8.47.5

11.411.810.7

13.216.6

6.76.17.37.88.2

13.412.3

13.69.59.79.8

8.514.515.014.8

16.616.618.414.6

15.219.517.1

3.5

3.13.33.23.74.1

4.64.94.35.24.6

3.94.55.26.15.2

6.38.27.78.27.1

5.57.64.76.87.3

6.08.0

15.119.318.5

16.216.1

3.17.76.03.59.5

18.524.0

19.221.118.715.0

16.319.216.213.0

13.214.117.120.1

17.817.117.5

2.6

2.62.22.22.22.3

2.93.43.93.73.3

3.63.73.25.2

10.7

9.813.312.915.524.5

33.638.631.622.115.9

17.1- 8 . 5-3 .610.45.7

14.67.7

29.024.113.024.1

-13.37.4

14.2

5.84.67.64.6

10.214.014.419.6

14.56.84.25.1

8.211.110.1

4.3

4.24.24.44.75.3

6.16.86.47.07.0

6.16.57.57.97.2

9.411.013.614.814.6

12.914.214.818.319.1

19.721.921.923.823.9

22.523.1

16.619.218.619.225.324.122.4

25.924.523.122.2

23.124.523.619.0

20.023.825.922.9

24.529.229.4

Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning1987 and on the 1972 SIC for earlier years shown. In the 1972 SIC, the categories shown here as "industrial machinery and equipmentand "electronic and other electric equipment" were identified as "machinery, except electrical" and "electric and electronic equipment,"respectively.



TABLE B-88.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1950-92


Year orquarter

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

1970197119721973

1973: IV

New series:1973: IV

1974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll

All manufacturing corporations

Sales(net)

181.9245.0250.2265.9248.5

278.4307 3320.0305.3338.0

345.7356.4389.4412.7443.1

492.2554.2575.4631.9694 6

708.8751.1849.5

1,017.2

275.1

236.6

1,060.6

1,065.21,203.21,328.11,496.41,741.8

1,912.82,144.72,039.42,114.32,335.0

2,331.42,220.92,378.22,596.22 745 1

2,810.72,761.1

671.4706.9705.1727.3

655.1698.8698.7708.4

677.0731.9728.4

Profits

Beforeincometaxes *

23.227.422.924.420.9

28.629 828.222.729.7

27.527.531.934.939.6

46.551.847.855.458 1

48.152.963.281.4

21.4

20.6

92.1

79.9104.9115.1132.5154.2

145.8158.6108.2133.1165.6

137.0129.3173.0216.1188 8

159.699.8

40.150.042.127.4

27.032.827.812.2

34.142.238.6

Afterincometaxes

12.911.910.711.311.2

15.116 215.412.716.3

15.215.317.719.523.2

27.530.929.032.133 2

28.631.036.548.1

13.0

13.2

58.7

49.164.570.481.198.7

92.6101.370.985.8

107.6

87.683.1

115.6154.6136 3

111.667.5

28.135.129.618.8

18.323.117.68.5

24.729.928.9

Stock-holders'equity2

83.398.3

103.7108.2113.1

120.11316141.1147.4157.1

165.4172.6181.4189.7199.8

211.7230.3247.6265.9289 9

306.8320.8343.4374.1

386.4

368.0

395.0

423.4462.7496.7540.5600.5

668.1743.4770.2812.8864.2

866.2874.7900.9957.6999 0

1,043.81,063.8

1,026.61,039.81,054.61,054.4

1,050.41,057.61,069.11,078.2

1,084.21,105.51,124.7

Durable goods industries

Sales(net)

86.8116.8122.0137.9122.8

142.1159 5166.0148.6169.4

173.9175.2195.3209.0226.3

257.0291.7300.6335.5366 5

363.1381.8435.8527.3

140.1

122.7

529.0

521.1589.6657.3760.7865.7

889.1979.5913.1973.5

1,107.6

1,142.61,125.51,178.01,284.71 356 6

1,357.21,304.0

325.8354.0337.7339 8

303.9335.3328.0336.8

324.2354.9344.9

Profits

Beforeincometaxes*

12.915.412.914.011.4

16.516 515.811.415.8

14.013.616.818.521.2

26.229.225.730.631 5

23.026.533.643.6

10.8

10.1

41.1

35.350.757.969.672.4

57.467.234.748.775.5

61.552.178.091.775 2

57.614.1

16.322.012.864

3.410.73.2

-3 .2

10.915.112.3

Afterincometaxes

6.76.15.55.85.6

8.1837.95.88.1

7.06.98.69.5

11.6

14.516.414.616.516 9

12.914.518.424.8

6.3

6.2

24.7

21.430.834.841.845.2

35.641.621.730.048.9

38.632.653.067.155 7

40.97.4

11.815.79.441

1.47.61.1

- 2 . 8

7.810.510.1


39.947.249.852.454.9

58.865.270.572.877.9

82.384.989.193.398.5

105.4115.2125.0135.6147 6

155.1160.4171.4188.7

194.7

185.8

196.0

208.1224.3239.9262.6292.5

317.7350.4355.5372.4395.6

420.9436.3444.3468.7501 3

515.0506.8

506.4517.0519.0517.5

503.5507.8505.9509.9

510.1523.9532.1

Nondurable goods industries

Sales(net)

95.1128.1128.0128.0125.7

136.3147.8154.1156.7168.5

171.8181.2194.1203.6216.8

235.2262.4274.8296.43281

345.7369.3413.7489.9

135.0

113.9

531.6

544.1613.7670.8735.7876.1

1,023.71,165.21,126.41,140.81,227.5

1,188.81,095.41,200.31,311.51 388 5

1,453.51,457.1

345.6352.9367.5387.5

351.2363.5370.7371.7

352.9377.0383.5

Profits

Beforeincometaxes1

10.312.110.010.49.6

12.113.212.411.313.9

13.513.915.116.418.3

20.322.622.024.826 6

25.226.529.637.8

10.6

10.5

51.0

44.654.357.262.981.8

88.491.373.684.490.0

75.677.295.1

124.4113 5

102.085.7

23.828.029.221.0

23.622.124.615.3

23.227.226.3

Afterincometaxes

6.15.75.25.55.6

7.0787.56.98.3

8.28.59.2

10.011.6

13.014.614.415.516 4

15.716.518.023.3

6.7

7.0

34.1

27.733.735.539.353.5

56.959.649.355.858.8

49.150.562.687.580 6

70.660.1

16.319.520.214.7

16.815.416.511.3

17.019.418.8


43.551.153.955.758.2

61.366 470.674.679.2

83.187.792.396.3

101.3

106.3115.1122.6130.3142 3

151.7160.5172.0185.4

191.7

182.1

199.0

215.3238.4256.8277.9308.0

350.4393.0414.7440.4468.5

445.3438.4456.6488.9497 7

528.9557.0

520.2522.7535.6537.0

546.8549.8563.2568.3

574.1581.6592.6

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.

Source-. Department of Commerce, Bureau of the Census.


TABLE B-89.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturingcorporations, 1947-92

Year or quarter

Ratio of profits after income taxes (annualrate) to stockholders' equity—percent *

Allmanufacturingcorporations

Durablegoods

industries

Nondurablegoods

industries

Profits after income taxes per dollar ofsales—cents

Allmanufacturingcorporations

Durablegoods

ndustries

6.77.16.47.75.34.54.24.65.75.24.83.94.8

4.03.94.44.55.15.75.64.84.94.6

3.53.84.24.7

4.5

5.0

4.7

4.15.25.35.55.2

4.04.22.43.14.43.42.94.55.24.13.0.6

3.64.42.81.2.5

2.3.3

-.82.43.02.9

Nondurablegoods

industries

6.76.85.4

6.54.54.14.34.45.15.34.94.44.9

4.84.74.74.95.45.55.65.35.25.0

4.54.54.44.8

5.0

6.1

6.4

5.15.55.35.36.1

5.65.14.44.94.84.14.65.26.75.84.94.14.75.55.53.84.84.24.43.04.85.14.9

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

1970197119721973

1973: IV

New series.*

1973: IV

1974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1990:1IIIllIV

1991:1IIillIV

1992.1IIIll

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

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

11.613.914.215.016.4

13.913.69.2

10.612.5

10.19.5

12.816.113.6

10.76.3

10.913.511.27.17.08.76.63.2

9.110.810.3

10.313.714.516.015.4

11.211.96.18.1

12.4

9.27.5

11.914.311.1

8.01.59.3

12.17.23.21.26.0.9

- 2 . 2

6.18.07.6

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

11.011.513.717.916.2

13.410.8

12.514.915.110.9

12.311.211.78.0

11.813.312.7

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

3.83.74.96.05.0

4.02.4

4.25.04.22.6

2.83.32.51.2

3.74.14.0

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-88.Source: Department of Commerce, Bureau of the Census.


T A B L E B-90.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1947-92


Yearor

quar-terxer

1947....1948...1949....

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

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

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

1980....1981....1982....1983....1984...1985...1986...1987....1988...1989....

1990...1991....

1990:1IIIllIV

1991:1IIIllIV

1992:1III l l

Sources

Total

27.429.721.3

42.937.330.429.030.053.246.144.242.857.0

50.356.061.970.276.094.4

100.696.4

115.0122.1

106.5130.6159.0221.4188.9155.0208.6257.4316.3332.5

330.3381.9316.6423.3493.1465.7515.9540.7588.7532.2

511.4444.2

540.5583.5511.5410.1

366.2476.3490.4443.7

542.0568.7553.1

Internal

Total

13.319.720.0

18.520.822.522.324.429.930.032.030.737.0

36.537.544.047.853.060.164.365.366.766.5

64.076.188.195.591.0

125.0140.5162.7183.6198.5

199.7238.9247.5292.3336.3351.9336.7375.9404.3399.9

407.5416.5

412.4423.0391.9402.7

417.5418.9407.0422.8

439.1442.2463.3

II 9u.o.

undis-tributed

profits

12.714.09.6

14.110.88.99.29.0

13.412.711.58.3

13.0

10.610.213.014.518.423.425.022.221.318.4

12.618.724.636.945.343.456.566.978.786.4

69.264.230.630.546.421.7

2.141.373.632.2

22.08.9

17.828.830.011.5

5.09.4

14.27.0

30.540.934.1

Inven-tory

valuationand

capitalcon-

sumptionadjust-ments

- 8 . 7- 5 . 2- 1 . 0

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

.4

.63.24.04.04.03.54.21.9.4

1.1.1

1.615.238.818.626.127.0

-37.858.0

61.444.8

-22.42.9

24.154.453.430.615719.8

12.9209

27.533.8

8.713

21.324.513.724.0

27.020.328.5

Capitalcon-

sumptionallow-ances

9.010.411.2

12.013.814.815.916.817.820.022.023.124.1

25.125.826.827.929.331.334.137.341.145.0

49.454.260.565.676.892.2

102.5114.8131.1151.6

173.2205.3227.5240.1246.1256.0269.22792295.1315.1

327.0338.5

322.4324.7328.43323

336.0338.23387341.0

339.8344.4360.2

Foreignearn-

ings re-tained

abroad »

0.3.4.3

.3

.6

.8

.7

.5

.81.01.2.8.9

1.21.01.11.41.31.41.71.62.32.8

3.23.24.78.17.78.17.68.1

11.718.6

18.714.211.818.819.719.816.224819.932.8

45.7483

44.7357421602

55246.840 450.8

41.836.640.6

Total

14.010.1

1.3

24.416.68.06.75.6

23.316.112.312.220.0

13.818.517.922.323.034.436.331.148.355.6

42.554.570.9

126.097.930.068.194.7

132.7134.0

130.6143.169.1

131.0156.8113.9179.2164.8184.4132.3

103.927.6

128.0160.5119.6

7.4

-51.357.483.420.9

102.9126.589.8

Credit

Total

8.67.73.8

8.711.59.36.36.4

10.613.412.811.012.4

12.212.413.412.915.019.726.427.229.435.7

36.739.245.381.358.523.950.168.773.067.2

76.597.954.080.198.058.5

129.867669.349.4

23.418.8

549634

5.430.0

8.039.228 7

,7

103.771.248.4

External

market funds

Securi-tiesand

mort-gages

5.67.05.6

4.87.18.26.76.96.98.1

10.811.18.4

8.310.99.59.19.07.8

16.019.016.817.8

28.834.729.349.425.040.241.843.939.716.0

35.930.7

.744.6

7.51.9

64.632 867

34.2

11.5875

24./21448.9

63

718111.9786877

109.7103.248.7

Loansand

short-termpaper

3.0.7

- 1 . 9

3.94.41.1

- . 4_ 5375.31.9-.14.0

3.91.53.93.86.0

11.910.48.2

12.617.8

7.84.6

16.031.933.5

-16.38.3

24.833.251.3

40.667.254735.5

105.556.665.234.976,0837

34.9687

79.642054.436.4

63 872749988.4

• 6 . 0

32.0

Other2

5.42.4

- 2 . 5

15.75.1

- 1 . 3.4

- . 912.72.7- . 51.27.6

1.56.14.59.58.0

14.79.83.9

18.919.9

5.915.325.644.739.4

6.118.026.059.766.8

54.145.215.150.958.855.449.497.1

115.182.9

80.58.8

73.197.1

114.237 4

59318.254 821.6

.855.4

Uses

Total

33.033.826.4

49.647.330.028.127.948.840.939.738.351.2

41.450.654.659.964.582.491.087.3

107.3116.8

100.2124.3149.8195.1195.0157.1210.5245.5328.7373.2

352.8408.9332.9420.5502.3457.8502.4473.45542512.2

482.4427.6

490.6553.4524.9360.7

345.0436.94897439.0

523.8566.2530.6

Capitalexpendi-tures 3

24.728.922.9

33.240.025.525.923.132.337.135.527.637.2

37.636.542.244.449.860.874.571.276.885.5

82.088.2

100.4125.21437117.4158.8185.2223.1245.6

255.8313.0285.3300.1398.5374.9351.9365.13944406.0

395.1363.9

398.7417 7401.8362 2

353 5351.33715379.2

354.1390.8399.0

Increase

inanciaiassets

8.34.93.5

16.37.34.52.24.8

16.43.94.1

10.714.1

3.814.112.315.514.721.616.516.230.531.3

18.336.149.469.851.339.751.760.3

105.7127.6

97.195.947.6

120.4103.883.0

150.4108.4159.8106.2

87.363.7

919135.7123.0

1.5

8.685.5

118.259.8

169.6175.3131.6

Discrep-ancy

(sourcesless

uses)

- 5 7- 4 . 1- 5 . 1

- 6 . 7-10 .0

.4

.92.04.55.24.64.55.8

8.95.47.4

10.311.412.09.69.17.75.3

6.36.49.3

26.46.12.1

- 1.911.9

-12.440.7

22.526.916.32.89.27.9

13.567.334.420.0

29.016.5

49.830 113.449.4

21.339.4

74.7

18.22.6

22.5

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.


452


TABLE B-91.—Common stock prices and yields, 1955-92

Year or month

Common stock prices»

New York Stock Exchange indexes (Dec. 31, 1965=50)2

Composite IndustrialTranspor-

tation Utility Finance

DowJones

industrialaverage3

Standard& Poor's

compositeindex

(1941-43=10)*

Common stock yields(percent)5

Dividend-priceratio6

Earnings-priceratio7

195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921991:Jan


1992:JanFebMarAprMay....June....

AugSept....OctNovDec

21.5424.4023.6724.5630.7330.0135.3733.4937.5143.7647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.3268.1074.0268.9392.6392.46

108.09136.00161.70149.91180.02183.46206.33229.01

177.95197.75203.57207.71206.93207.32208.29213.33212.55213.10213.25214.26

229.34228.12225.21224.55228.61224.68228.17230.07230.13226.97232.84239.47

46.1851.9758.0057.4448.0357.9265.7363.0848.0850.5260.4457.8658.2364.7678.7085.4478.18

107.45108.01123.79155.85195.31180.95216.23225.78258.14284.62

220.69246.74255.36260.15260.13261.16262.48268.22266.21265.68264.89266.01

286.62286.09282.36281.60285.25279.54281.90284.44285.76279.70287.30294.86

50.2653.5150.5846.9632.1444.3550.1737.7431.8931.1039.5741.0943.5047.3460.6172.6160.4189.3685.63

104.11119.87140.39134.12175.28158.62173.99201.09

145.89166.06166.26166.90170.77177.05177.15178.52177.99187.31188.52185.47

201.55205.53204.07201.28207.93202.02198.36191.31191.61192.30204.78212.35

45.4145.4344.1942.8037.2439.5338.4837.6929.7931.5036.9740.9239.2238.2037.3538.9139.7547.0046.4456.7571.3674.3071.7787.4390.6092.6699.46

88.5992.0892.2992.9290.7689.0190.0592.3893.7295.2596.7898.08

99.3196.1894.1694.9298.2697.23

101.18103.41102.26101.62101.13103.85

44.4549.8265.8570.4960.0070.3878.3570.1249.6747.1452.9455.2556.6561.4264.2573.5271.9995.3489.28

114.21147.20146.48127.26151.88133.26150.82179.26

121.39141.03145.42152.64151.32152.31151.60157.70157.69158.94159.78159.96

174.50174.08173.49171.10175.90174.82181.00180.47178.27181.36189.27196.87

442.72493.01475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72

753.19884.76950.71923.88759.37802.49974.92894.63820.23844.40891.41932.92884.36

1,190.341,178.481,328.231,792.762,275.992,060.822,508.912,678.942,929.333,284.29

2,587.602,863.042,920.112,925.542,928.422,968.142,978.193,006.093,010.353,019.742,986.122,958.64

3,227.063,257.273,247.423,294.083,376.793,337.793,329.413,307.453,293.923,198.703,238.493,303.15

40.4946.6244.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.2298.29

109.20107.4382.8586.16

102.0198.2096.02

103.01118.78128.05119.71160.41160.46186.84236.34286.83265.79322.84334.59376.18415.74

325.49362.26372.28379.68377.99378.29380.23389.40387.20386.88385.92388.51

416.08412.56407.36407.41414.81408.27415.05417.93418.48412.50422.84435.64

4.084.094.353.973.233.472.983.373.173.013.003.403.203.073.243.833.142.843.064.474.313.774.625.285.475.265.205.814.404.644.253.493.083.643.453.613.242.99

3.823.353.263.193.233.233.203.103.153.143.153.11

2.902.943.013.022.993.063.002.973.003.072.982.90

7.957.557.896.235.785.904.625.825.505.325.596.635.735.676.086.455.415.507.12

11.599.158.90

10.7912.0313.4612.6611.9611.608.03

10.028.126.095.488.017.416.474.81

5.58

4.01

""Hi

"4.32

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.'Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing

prices. Monthly data are averages of weekly figures-, annual data are averages of monthly figures.7 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that

quarter. Annual data 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.

453


TABLE B-92.—Business formation and business failures, 1950-92

Year or month

Indexof net

businessformation(1967 =

100)

Newbusinessincorpo-rations

(number)

Business failures *

Businessfailurerate2

Number of failures

Total

Liability size class

Under$100,000

$100,000and over

Amount of current liabilities(millions of dollars)

Total

Liability size class

Under$100,000

$100,000and over

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985198619871988198919901991

1991-. JanFebMarAprMayJune



JulyAugSeptOctp

87.786.790.889.788.896.694.690.390.297.994.590.892.694.498.299.899.3100.0108.3115.8108.8111.1119.3119.1113.2109.9120.4130.8138.1138.3129.9124.8116.4117.5121.3120.9120.4121.2124.1124.8120.7115.3

93,09283,77892,946102,706117,411139,915141,163137,112150,781193,067182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565533,520581,242566,942600,400634,991662,047702,738685,572685,095676,565647,366628,580

Seasonally adjusted

115.5114.7114.2115.0115.7116.0115.4116.0115.4115.3115.9115.1116.9115.7115.7115.0112.6117.0116.8116.9118.6119.9

51,99150,38451,53652,23552,32752,07152,76753,31352,28453,89254,16552,89858,13255,05757,40354,46248,67358,718

34.330.728.733.242.041.648.051.755.951.857.064.460.856.353.253.351.649.038.637.343.841.738.336.438.442.634.828.423.927.842.161.389.0

110.0107.0115.0120.0102.098.065.076.0

106.0

9,1628,0587,6118,862

11,08610,96912,68613,73914,96414,05315,44517,07515,78214,37413,50113,51413,06112,3649,6369,154

10,74810,3269,5669,3459,915

11,4329,6287,9196,6197,564

11,74216,79424,90831,33452,07857,25361,61661,11157,09750,36160,74788,215

6,7516,9117,3977,5057,8306,9847,6907,4716,8998,5637,1927,0228,5868,0599,1368,6825,7418,4468,6257,9467,5577,973

8,7467,6267,0818,075

10,22610,11311,61512,54713,49912,70713,65015,00613,77212,19211,34611,34010,83310,1447,8297,1928,0197,6117,0406,6276,7337,5046,1764,8613,7123,9305,6828,233

11,50915,50919,61836,53938,90838,94938,30033,31240,64360,672

4,4814,5494,9895,1355,3994,8965,3135,2434,8056,0644,9534,8456,0415,6616,3646,0555,4096,0496,1295,5595,3735,615

416432530787860856

1,0711,1921,4651,3461,7952,0692,0102,1822,1552,1742,2282,2201,8071,9622,7292,7152,5262,7183,1823,9283,4523,0582,9073,6346,0608,561

13,39915,82532,46020,71422,70822,16218,79717,04920,10427,543

2,2702,3622,4082,3702,4312,0882,3772,2282,0942,4992,2392,1772,5452,3982,7722,6272,3322,3972,4962,3872,1842,358

248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8938.6

1,090.11,213.61,352.61,329.21,321.71,385.71,265.2

941.01,142.11,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.44,635.16,955.2

15,610.816,072.929,268.636,937.444,724.034,723.839,573.042,328.856,130.1

107,905.1

8,949.913,257.47,876.89,920.9

12,637.715,763.95,919.93,015.97,114.98,628.35,180.39,639.27,725.36,839.36,273.67,939.2

12,020.313,637.03,568.29,317.33,204.97,876.4

151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9272.5405.8541.7635.1409.8423.9838.3746.0686.9670.5735.6

1,046.9

81.580.887.590.095.489.995.783.677.398.184.682.593.293.8

106.997.388.497.097.189.287.687.2

97.1128.0151.4226.6251.2243.0322.9348.2430.7413.9611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699.9910.8

1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.5*4,362.66,549.3

15,069.115,437.828,858.836,513.543,885.733,977.838,886.141,658.255,394.5

106,858.2

8,868.413,176.77,789.39,830.9

12,542.415,673.95,824.22,932.37,073.68,530.35,095.79,556.77,632.16,745.56,166.77,841.8

11,931.913,540.03,471.29,228.03,117.37,789.3

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 beginning 1984 are based on expanded coverage and new methodology and are therefore not generally comparable with earlierdata. Data for 1991 and 1992 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.

454


AGRICULTURE

TABLE B-93-—Farm income, 1940-92


Year or quarter

1940194119421943194419451946194719481949 .

1950 .195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971197219731974....197519761977 . .19781979

1980198119821983198419851986198719881989

19901991

1990:1||IIIIV

1991 1II..IllIV

1992-1III l l "

Income of farm operators from farming

Gross farm income

Total1

11.314 319.923.324 025.429.632 436 530.8

33.138.337.834.434.233.534.034.839.037 9

38.640 542.343.442 346.550 550 551.856.4

58 862.171.198.998 2

100.6102.9108 8128.4150 7

149.3166 31641153.9168 0161.2156.1168 5175.41911

196 0189.5

200.0192 4189.3202 4

1891189.7185.21941

199 2195.7190.8

Cash marketing receipts

Total

8.411.115.619.620 521.724.829 630 227.8

28.532.932.531.029.829.530.429.733.533 6

34.035 236.537.537 339.443 442 844.248.2

50 552.761.186.992 488 995.496 2

112.41315

139.7141.6142 6136.8142 8144.1135.4141 8151.11610

169 9167.3

166.0166 7173.6173 3

1651165 4170.6167 9

165 2170.3174.8

Livestockand

products

4.96.59.0

11.511412.013.816 517.115.4

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

68.069.270 369.672 969.871.676 079.4841

89.986.7

89.788.291.190 6

89 687.684.985 0

83.885.684.9

Crops

3.54.66.58.19.29.7

11.013.113.112.4

12.413.214.314.113.613.514.012.314.214.7

15.015.716.317.417.417.518.418.418.719.6

21022.325.541.151.145.849.048.653.262.3

71.772.572.367.269.974.363.865.971.776.9

80.080.5

76.278.582.682.7

75.677.985.883.0

81.484.789.9

Value ofinventorychanges2

0.3.4

1.1- .1

.4- . 4

.01.81.7

- .9.8

1.2.9

- .6.5.2.5.6.8.0.4.3.6.6

- .81.0

.7

.1

.1

.01.4

.93.4

- 1 . 63.4

- 1 . 51.11.95.0

- 6 . 36.5

- 1 . 4-10 .9

6.0- 2 . 3- 2 . 2

2.3- 3 . 4

4.8

3.5.4

5.24.12.81.7

1.2.6.1.1

10.81.4.2

Produc-tion

expenses

6.97.8

10.011.612.313.114.517.018.818.0

19.522.322.821.521.822.222.723.725.827.2

27.428.630.331.631.833.636.538.239.542.1

44.547.151.764.671.075.082.788.9

103.3123.3

133.1139.4140.3139.6141.9132.4125.1128.8134.3141.2

145.1144.9

142.8144.4144.7148.3

145.8147.2143.1143.4

145.1146.5142.5

Net farm income

Currentdollars

4.56.59.9

11.711.712.315.115.417.712.8

13.615.915.013.012.411.311.311.113.210.7

11.212.012.111.810.512.914.012.312.314.3

14.415.019.534.427.325.520.219.925.227.4

16.126.923.814.226.128.831.139.741.149.9

51.044.6

57.248.044.654.1

43.342.542.050.6

54.149.248.3

1987dollars3

40.755.580.193.992.992.690.282.188.364.2

67.674.869.659.055.749.447.745.452.941.9

43.145.544.843.337.945.447.540.738.842.8

40.840.550.183.260.751.938.635.641.841.S

22.534.128.416.328.730.532.C39.739.646.C

45.037.9

51.442.639.147.]

37.136.235.642.6

45.240.839.9

'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 GDP implicit price deflator (Department of Commerce).Note.—Data include net Commodity Credit Corporation loans and operator households.Source: Department of Agriculture, except as noted.


TABLE B-94.—Farm output and productivity indexes, 1947-91

[1977 = 100]

Year

19471948 ....1949

195019511952 ....19531954 ..

19551956195719581959

19601961196219631964

1965 ..1966196719681969

19701971197219731974

19751976197719781979

19801981198219831984 .

19851986198719881989

19901991

Farm output

Total»

586362

6163666666

6969677374

7676778079

8279838585

8492919388

9597100104111

10411811696112

118111110102114

119120

Crops2

Total3

566461

5960626261

6363626968

7270717472

7673777980

7786879284

9392100102113

10111711788111

11810910892107

114111

Feedgrains

395750

5147504951

5454586466

6962626859

7070797578

7192889174

9196100108116

9712112267116

13412310673108

112106

Foodgrains

646253

4949635751

4850476955

6660565965

6767768074

6981778691

10810710093108

121144138117129

12110710798107

136104

Oilcrops

222726

2626262628

3034333936

3843444646

5355566465

6668748771

8674100105129

9911412191106

11711010889106

107114

Live-stockandprod-ucts2

656467

7073747477

7979787983

8286868991

8991949495

9910010199100

9599100101104

108109107109107

110110113116116

118119

Productivity indicators

Farm output

Perunit oftotalinput

556057

5860626465

6667677473

7678788281

8483858788

8795949590

9998100101105

101116119100118

129124124116130

135

Perhour offarmwork 4

182120

2224262829

3031333939

4244465152

5659646872

7485838681

9097100104113

10912312599121139139142135147

142

Cropproduc-tionper

acre5

576460

5959626261

6364657372

7778818381

8583868991

8896999988

9694100105113

100115116100112

120116123106119

127125

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 Survey-based labor productivity time series; not comparable with data published in the issues of the Economic Report of the President

prior to January 1989.5 Computed from variable weights for individual crops produced each year.Source: Department of Agriculture.

456


TABLE B-95.—Farm input use, selected inputs, 1947-91

Year

Farm population,April1

Num-ber

(thou-sands)

Aspercent

oftotal

popula-tion2

Farm employment(thousands)3

TotalFamilywork-

ers

Hiredwork-

ers

Cropshar-

vested(mil-

lions ofacres)4

Selected indexesof input use (1977=100)

Total Farmlabor

Farmreal

estate

Me-chanical

powerand

machin-ery

culturalchemi-cals*

Feed,seed,andlive-stockpur-

chases6

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

25,82924,38324,194

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 5,8507 5,6287 5,7875,754

5,3555,2264,9864,9514,801

4,5914,632

17.916.616.2

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 2.5

2.4

2.22.22.12.12.0

1.91.9

10,38210,3639,964

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 3,5528 3,4008 3,2478 3,094

2,9412,7492,7342,7892,873

2,8692,877

8,1158,0267,712

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 2,2678 2,1368 2,0078 1,976

1,9041,7681,7431,8101,926

1,9651,967

2,2672,3372,252

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

1,30381,28581,26481,240® 1,118

1,037981992979947

904910

355356360

345344349348346

340324324324324

324302295298298

298294306300290

293305294321328

336337345338348

352366362306348

342325302297318

322318

104104108

106106105103102

10410310098101

99

9898

9796989796

9697979898

9798100102105

103102989695

297285285

265251237220214

220212196182183

177167163155148

144132128124118

112108110109109

10610010010099

9696939792

8580787576

80

106107108

109109108108108

108106105104105

103103104104104

103102104102102

10510310210099

9798100100103

10310410210199

9796959493

93

8082858686

8587869092

9698100104104

10198898685

151618

1921232424

2627272832

3235384346

4956666973

7581869092

8396100107123

123129118102120

115109111112119

122

515256

5862636365

6669687377

7781838385

89928993

9610210410799

93101100108115

114108107103103

102109116111113

113

'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 on

agricultural employment by the Department of Labor (see Table B-30) 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 total

population) for 1977, 1978, 1979, 1980, 1981, 1982, and 1983 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 7,014and 3.1; 6,880 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.Note.—Population includes Alaska and Hawaii beginning 1960.Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).

457


TABLE B-96.—Indexes of prices received and prices paid by farmers, 1950-92

[1977 = 100]

Year or month

Prices received by farmers

Allfarmprod-ucts

Crops

Live-stockand

prod-ucts

Prices paid by farmers

Allcommod-

ities,services,interest,

taxes,and

wagerates l

Production items

Total2

Tractorsandself-pro-

pelledmachin-

ery

Fertil-izer

Fuelsand

energy

Wagerates

Adden-dum:Aver-agefarmrealestatevalueperacre3

1950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992 P1991: Jan..

Feb..Mar..

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

1992: Jan..Feb..Mar..Apr..MayJuneJuly.Aug.SeptOct.Nov.Dec.

566663565451505155535253535352545855565960626998105101102100115132134139133135142128123127138147149146139144145148149151152148146147142139137138142143141141140138139138139136138

546162555653545252515152545555535552525052566091117105102100105116125134121128138120107106126134127130121121122128131137142135133137126124120123128131126123122117117117116115117

58706456524947515753535253514954605760676767771049498101100124147144143145141146136138146150160170161157166166168166165162162158157158153153152156155155157157158160158160156157

374142404040404243434444454545474949515355586271818995100108123138150159161164162159162170178184189191188

189

189

189

189

191

192

_ .

424747444443434446464646474747485050505254576173839197100108125138148153152155151144148157165171173174173

394042444749515458688291100109122136152165174181178174174181193202211219208

175 210

173 210

172 216

171

174

175

_ .

216

217

217

54575959595857585857575858575757565552484850525692120102100100108134144144137143135124118130137131134131132

494950505152535457798893100105137188213210202201201162164167180204203199219

136 198

136 196

132 200

132 192

132

132

'128

194

206

205

222526272727282930323333343536384144485357596369798593100107117127138144148151154158166171185191201210204

203

203

194

216

212

212

201

141618181819192122232425262729313335384042434753667586100109125145158157148146128112103106111112115115115

115

1 Includes items used for family living, not shown separately.2 Includes other production items not shown separately.3 Average for 48 States. Annual data are for March 1 of each year through 1975, February 1 for 1976-81, April 1 for 1982-85,

February 1 for 1986-89, and January 1 for 1990, 1991 and 1992.

Source: Department of Agriculture.

458


TABLE B-97.—U.S. exports and imports of agricultural commodities, 1940-92


Year

Exports

Total» Feedgrains

Foodgrains2

Oil-seedsand

prod-ucts

Cot-ton

To-bacco

Ani-malsand

prod-ucts

Imports

Total»

Crops,fruits,

andvege-

tables3

Ani-malsand

prod-ucts

Cof-fee

Cocoabeansand

prod-ucts

Agri-cultural

tradebalance

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

Jan-Oct:19911992

0.5.7

1.22.12.1

2.33.14.03.53.6

2.94.03.42.83.1

3.24.24.53.94.0

4.85.05.05.66.3

6.26.96.46.36.0

7.37.79.4

17.721.9

21.923.023.629.434.7

41.243.336.636.137.8

29.026.228.737.139.9

39.439.2

31.335.3

P

()0.1

.4

.1

.3

.2

.3

.3

.3

.2

.3

.4

.3

.5

.6

.5

.5

1.11.31.1.9.9

1.11.01.53.54.6

5.26.04.95.97.7

9.89.46.47.38.1

6.03.13.85.97.7

7.05.8

.4

.71.41.51.1

.61.11.1.7.5

.61.01.0.8.9

1.21.41.31.51.7

1.41.81.51.41.2

1.41.31.84.75.4

6.24.73.65.56.3

7.99.67.97.47.5

4.53.83.85.97.1

4.84.2

3.34.4

.1

.2

.3

.2

.3

.2

.2

.3

.4

.5

.5

.4

.6

.6

.6

.7

.81.0

1.21.21.31.31.3

1.92.22.44.35.7

4.55.16.68.28.9

9.49.69.18.78.4

5.86.56.47.76.3

5.76.4

0.2.1.1.2.1

.3

A.5.9

1.01.1.9.5

0.1

.81.21.3

.9

.9

.7

.5

.4

.3

.5

.3

.4

.5

.6

.7

.7

.5

.6

.6

.6

.6

.7

.91.01.11.61.8

1.72.42.73.03.8

3.84.23.93.84.2

4.14.55.26.46.4

6.77.0

5.76.6

1.31.71.31.51.8

1.72.32.83.12.9

4.05.24.54.24.0

4.04.04.03.94.1

3.83.73.94.04.1

4.14.54.55.05.0

5.85.86.58.4

10.2

9.311.013.414.816.7

17.416.815.416.619.3

20.021.520.421.021.7

22.822.7

18.920.6

.91.21.51.7

1.62.02.32.33.1

3.53.63.63.84.2

4.9

4.04.0

0.2.3.5.4.3

.4

.4

.4

.6

.4

.71.1.7.6.5

.5

.4

.5

.7

.8

.6

.7

.9

.9

.91.21.11.31.4

1.61.51.82.62.2

1.82.32.33.13.9

3.83.53.73.84.1

4.24.54.95.25.1

5.65.5

0.1.2.2.3.3

.3

.5

.6

.7

.8

1.11.41.41.51.5

1.41.41.41.21.1

1.01.01.01.01.2

1.11.11.01.2.9

1.21.21.31.71.6

1.72.94.24.04.2

4.22.92.92.83.3

3.34.62.92.52.4

1.91.9

- 0 . 8-1 .0

_ j

.6

.3

'.*1.2.3.7

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

- . 9

.2

.6(4)

1.01.31.21.62.3

2.12.41.91.31.1

1.51.92.99.3

11.7

12.612.010.214.618.0

23.926.621.219.518.5

9.14.78.3

16.118.2

16.616.5

12.414.7

1 Total includes items not shown separately.2 Rice, wheat, and wheat flour.3 Includes nuts, fruits, and vegetable preparations.Hess than $50 million.

Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commoditiesare 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.


459


TABLE B-98.—Balance sheet of the farm sector, 1939-92


End of year

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971197219731974 7

19751976197719781979

1980198119821983198419851986198719881989

199019911992'

Assets

Totalassets

52.6

53.761472.982.992.1

102.4116.4127.4133.2130.7

153.3170.1166.8152.8167.5173.0182.2191.5207.0210.4

210.0217.8225.6233.9242.2259.9273.3287.2300.4311.6

324.3350.1393.0477.9513.2579.5667.7735.0862.0

1,001.5

1 089.01,088.91,056.21,063.6

975.7892.8847.7911.3951.5985.8

1,003.61,004.11,011

Physical assets

Realestate

33.6

34.036.641.547.752.960.568.773.576.075.1

88.998.7

100.098.9

102.5108.2116.1122.7131.5138.4

139.7145.8151 5159.7168.7180.8190 7201.4211.0217.1

224.52409268.7329.2369.5421.0499.8556.5656.0767.8

8501851.7819.1829.3735.0657.0613.0658.6682.2703.9

711.4705.6705

Nonreal estate

Live-stockand

poul-try »

5.1

5.3719.69.79.09.7

11.913.314.412.9

17.119 514.811.711.210.611.013.917.715.2

15.616.417 315.914.417.619.018.820.222.5

23.727 333.742.424.629.429.031.950.161.4

60 653.553.049.549.546.347.858062.266.2

70.968.472

Machin-ery andmotor

vehicles

3.1

3.34.04.95.46.5545.37.4

10 112.2

14.116.717.418.418.719.320 220.121.822.7

22.222.523 523.924.826.027 429.831.332.3

34.436 739.344.253.663.170.176.476.482.9

86 992.592.692.191.188386.184.586.189.2

88.688.088

Crops 2

2.2

2.3324.35.56.0607.0897.45.9

7.1827.96.87.56.5686.46.96.26.26.3637.26.87.7797.77.28.18597

12.721.222.520.520.620.523.829.9

32 729.525.823.626.122916.317.523.323.4

22.823.623

Pur-chased

in-puts 3

2.01.22.13.23526

2.82.53

House-hold

equip-mentand

furnish-ings

4.2

4.1484.84.75.25.67.28.18.98.4

9.610.09.6959.7

10.0969.6949.28.78.9888'88.484838.89.49.6

10 010811.912.314.014215.217220.021.5

19.420.823.024.424.327.828.732.9370422

46.450.453

Financial assets

Invest-ments incooper-atives

0.8

.99

1.01.11.21.71.92.02.22.4

2.7293.23.33.53.7404.24.54.84.24.5465.05.25.4575.86.16.47 27'98.79.7

11.213.014.313.516.118.1

19.320.621.922 824.324.324.425.325.1

Other4

3.5

3.9476.58.8

11.313.514.414.314.213.8

13.814.114.114.214.414.614 414.615.113.8

13.313.313 611513.814.114 214.715.215.6

16 016818.019.017.818.418.719.019.719.9

20.020.320.921823.425.029.431.4321

26.3J 32.0

27528.429

• 33.337.239

Claims

Totalclaims

52.6

53.761472.982.992.1

102.4116.4127.4133.2130.7

153.3170.1166.8162.8167.5173.0182 2191.5207.0210.4

210.0217.8225 6233.9242.2259.9273.3287.2300.4311.6

324.3350 1393.0477.9513.2579.5667.7735.0862.0

1,001.5

1089 01,088.91,056.21,0636

975.7892.8847.7911.3951.5985.8

1,003.61,004.1LOU

Realestatedebt5

6.6

6.5646.05.44.94.84.95.15.35.6

6.16.77.37.88.39.09.9

10.411.112.1

12.914.015 216.918.921.223 125.227.529.4

30.532.435.439.844.949.955.463.972.886897 5

107.2111.31137112.3105.795.987.783.080.5

78.479 1

L "

Non-real

estatedebt6

3.0

3.3353.22.92.72.93.54.14.95.2

6.17.47.76.87.27.98.08.8

10.111.5

12.012.714 215.716.418.119.820.820.421.2

22.325.128.033.136.741.647.855.063.875781288.291.892.792.082.270.866.065.665566.767868

Propri-etors'equity

43.0

43.851563.774.584.494.8

108.1118.3123.0119.9

141.1156.0151.9148.2152.0156.0164.4172.3185.8186.8

185.1191.1196.2201.4206.8220.6230.4241.1252.5261.0

271.5292.6329.7405.0431.6488.0564.6616.1725.4839.1

910 3893.5853.1857.1771.4704.9681.0757.6802.9839.8

858.5857.1863

f Forecast.1 Excludes commercial broilers; also excludes horses and mules beginning 1959, and turkeys beginning 1986.2 Non-Commodity Credit Corporation (CCC) crops held on farms plus value above loan rate for crops held under CCC.3 Includes fertilizer, chemicals, fuels, parts, feed, seed, and other supplies.4 Sum of currency, demand deposits, time deposits, and U.S. savings bonds.5 Includes CCC storage and drying facilities loans.6 Does not include CCC crop loans.7 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.


460


INTERNATIONAL STATISTICS

TABLE B-99.—International investment position of the United States at year-end, 1983-91


Type ofinvestment 1983 1984 1985 1986 1987 1988 1989 1990 1991

NET ̂ INTERNATIONAL INVESTMENT POSITION OF THE

With direct investment at current costWith direct investment at market value

U.S. ASSETS ABROAD:With direct investment at current costWith direct investment at market value

U.S. official reserve assetsGold 1

Special drawing rightsReserve position in the International Monetary

FundForeign currencies

U.S. Government assets other than official re-serves

U.S. credits and other long-term assetsRepayable in dollarsOther

U.S. foreign currency holdings and U.S. short-term assets

337.4267.6

1,169.21,068.3

123.1100.5

5.0

11.36.3

79.677.876.01.8

1.8

232.9175.9

1,177.51,081.8

105.081.25.6

11.56.7

85.082.981.11.8

2.1

U.S. private assets:With direct investment at current costWith direct investment at market value

Direct investment abroad:At current costAt market value

Foreign securitiesBondsCorporate stocks

U.S. claims on unaffiliated foreignersreported by U.S. nonbanking concerns

U.S. claims reported by U.S. banks,not included elsewhere

FOREIGN ASSETS IN THE UNITED STATES:With direct investment at current costWith direct investment at market value

Foreign official assets in the United StatesU.S. Government securities

U.S. Treasury securitiesOther

Other U.S. Government liabilitiesU.S. liabilities reported by U.S. banks, not j

included elsewhereOther foreign official assets

Other foreign assets in the United States.With direct investment at current costWith direct investment at market value . ...

Direct investment in the United States:At current cost jAt market value

U.S. Treasury securitiesU.S. securities other than U.S. Treasury securi- !

ties |Corporate and other bonds !Corporate stocks j

US. liabilities to unaffiliated foreigners reported Iby U.S. nonbanking concerns I

US liabilities reported by U.S. banks, not in- !eluded elsewhere !

966.4 987.5865.5 891.8

371.7270.8

84.758.6

26.2

75.5

434.5

831.8800.7

194.5137.0129.7

7.314.2

25.517.7

637.3606.2

184.4153.333.8

361.6265.8

62.826.0

91.5

445.6

944.7905.9

199.7144.7138.2

6.515.0

26.114.0

745.0706.2

139.0142.2

1,252.51,244.5

117.985.87.3

11.912.9

87.885.884.11.7

1.9

1,046.91,038.8

18.7109.1

1,410.21,507.7

139.9102.4

8.4

11.717.3

89.688.787.11.6

1,180.7

- 2 6 . 654.2

1,564.71,648.4

162.4127.6

10.3

11.313.1

88.988.186.51.6

1,313.51,278.2 1,397.1

-183.7-38.0

1,654.61,817.5

144.2107.4

9.6

9.717.4

85.985.483.91.5

.5

1,424 51,587.5

387.2379.1114.773.741.0

97.6

447.4

1,113.61,102.3

202.5145.1138.4

6.6158

26.7 !14.9

911.18998

421.2518.7145.982.963.0

106.3

507.3

1,391.51,398.6

241.2178.9173.3

5.618.0

27916.4

1,150.21,157.4

493.3 515.7577.01 678.6164.795.169.6

106.0

549.5

1,591.41,594.1

283.1220.5213.7

6.815.7

31.8 !15.0 !

183.197.186.0

117.7

608.0

1,838.31,855.5

322.0260.9253.0

8.015.2 |

31.514.4

-312.3-158.8

1,794.72,049.8

168.7105.2

10.0

9.044.6

84.684.282.71.5

.3

1,541.51,796.5

552.8807.9220.9101.0119.9

106.1

661.7

2,107.02,208.6

337.3265.7256.1

9.615.3

36.519.7

1,308.31,311.1

1.516.3 1,769.71.533.4 1,871.3

211.2 231.3 265.8 313.5172.4 220.0 273.0 316.262.1 88.0 96.1 82.6

113.8| 128.5 207.9 I 309.8 | 341.7117 5 ' 32.4 82.3! 140.9! 166.1 i96.4 | 96.1 | 125.6 j 168.9 ; 175.6 j

26.9 31.01 29 51 26.91 29 8

278.3 312.2 | 354.5 | 451.6 j 540.7 1i i i i . L . l

1 Valued at market price.

Note For details regarding these data, see Survey of Current Business, June 1991 and June 1992.


3743391.5 !100.9 |

392.3 I191.3 i

201.0J

35 0 I

613.7!

-294.8-272.0

1,884.21,977.1

174.7102.4

11.0

9.152.2

82.281.880.51.3

.4

1,627.31,720.2

• 623.6716.4241.7131.7110.0

109.8

652.1

433.2534.7134.5

484.42238260.6

40.5

677.1

-361.5-381.8

1,960.32,107.0

159.292.611.2

9.545.9

78.777.476.11.2

1.4

1,722.31,869.1

655.3802.0305.9147.6158.3

104.4

656.8

2.179.0 2,321.82.249.1 2,488.9

371.1 396.6297.0 318.0286.7 305.9

10..?! 12.118.8

10.317.2

39.917.0

1,807.91,878.0

466.5536.6130.7

38.421.4

1,925.22,092.3

487.0654 1154.7

471.9 j 559.7240.7! 277 0231.21 282.6

45 4 i 43.8

693.4! 680.1

461


TABLE B-100.—U.S. international transactions, 1946-92

[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits ( + ), debits ( - ) ]

Year orquarter

1946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

19901991

1990:1||IIIIV

1991:1IIIllIV

1 9 9 2 :1IIIll P.

Merchandise

Exports

11,76416,09713,26512,213

10,20314,24313,44912,41212,92914,42417,55619,56216,41416,458

19,65020,10820,78122,27225,50126,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107,088114,745120,816142,075184,439

224,250237,044211,157201,799219,926215,915223,344250,208320,230361,697

388,705415,962

94,98196 65496,544

100,526

100 636103,324104,151107,851

107,946107,464110,812

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

-124,228-151,907-176,002-212,007

-249,750-265,067-247,642-268,901-332,418-338,088-368,425-409,765-447,189-477,365

-497,558-489,398

-122,360-121461-125>34-128,303

- 1 1 8 962-119721-124,325-126,390

-125,168-132,022-137,350

2

Net

6,69710,1245,7085,339

1,1223,0672,6111,4372,5762,8974,7536,2713,4621,148

4,8925,5714,5215,2246,8014,9513,8173,800

635607

2,603-2,260-6,416

911-5,505

8,903-9,483

-31,091-33,927-27,568

-25,500-28,023-36,485-67,102

-112,492-122,173-145,081-159,557-126,959-115,668

-108,853-73,436

-27,379- 2 4 807- 28^890-27,777

- 1 8 326- 1 6 ^ 9 7-20,174-18,539

-17,222-24,558-26,538

Netmilitarytransac-tions3 4

- 4 2 4- 3 5 8- 3 5 1- 4 1 0

-56169528

1,753902

- 1 1 3- 2 2 1- 4 2 3- 8 4 9- 8 3 1

-1,057-1,131

- 9 1 2- 7 4 2- 7 9 4-487

-1,043-1,187

- 5 9 6- 7 1 8

- 6 4 1653

1,072740165

1,461931

1,731857

-1,313

-1,822- 8 4 4

112- 5 6 3

-2,547-4,390-5,181-3,812-6,354-6,838

-7,818-5,524

-1,873- 1 627- 1 3 9 2-2,627

- 2 564- M 2 7

- 9 9 4- 5 3 9

- 6 2 5- 6 2 3- 5 4 8

Services

Nettraveland

transpor-tation

receipts

733946374230

- 1 2 029883

- 2 3 8- 2 6 9- 2 9 7- 3 6 1- 1 8 9- 6 3 3- 8 2 1

- 9 6 4- 9 7 8

-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

- 9 9 2-4,227-8,293-9,709-7,324-6,398-1,370

5,851

10,14217,118

2,0932 0732J203,855

3 7553^9294,3585,080

4,4014,2164,024

Otherservices,

notnei

310145175208242254309307305299447482486573639732912

1,0361,1611,4801,4971,7421,7591,964

2,3302,6492,9653,4064,2314,8545,0275,6806,8797,251

8,91212,55213,20914,09514,27714,26618,85518,40020,43026,752

29,73033,701

6,9847 237l',AS\8,051

8 1648^2808,6608,596

10,0679,045

12,149

Investment income

Receiptson U.S.assetsabroad

7721,1021,9211,831

2,0682,6332,7512,7362,9293,4063,8374,1803,7904,132

4,6164,9995,6186,1576,8247,4377,5288,0219,367

10,913

11,74812,70714,76521,80827,58725,35129,37532,35442,08863,834

72,60686,52986,20085,614

100,41591,11088,99896,574

119,456140,692

143,547125,315

35,00434 58635^13738,821

35 49831>1529,90428,698

28,49928,45227,756

Paymentson foreignassets in

U.S.

- 2 1 2- 2 4 5-437- 4 7 6

- 5 5 9- 5 8 3- 5 5 5- 6 2 4- 5 8 2- 6 7 6- 7 3 5- 7 9 6- 8 2 5

-1,061

-1,238-1,245-1,324-1,560-1,783-2,088-2,481-2,747-3,378-4,869

-5,515-5,435-6,572-9,655

-12,084-12,564-13,311-14,217-21,680-32,961

-42,532-53,626-56,412-53,700-69,572-67,875-73,620-85,629

-106,991-126,326

-124,261-108,886

-30,676- 3 1 386-30^913-31,289

- 28 533-27^284-26,828-26,240

-24,025-26,522-24,205

Net

560857

1,4841,355

1,5092,0502,1962,1122,3472,7303,1023,3842,9653,071

3,3793,7554,2944,5965,0415,3505,0475,2745,9906,044

6,2337,2728,192

12,15315,50312,78716,06318,13720,40830,873

30,07332,90329,78831,91530,84323,23515,37810,94512,46614,366

19,28716,429

4,3283 2004^2247,532

6 96533313,0762,458

4,4741,9303,551

Balanceon goods,services,

andaiiuincome

7,87611,7147,3906,722

2,6975,8385,7275,3715,8615,5167,7209,5255,4313,140

6,8867,9497,6648,806

11,06310,0147,9877,8786,2406,135

8,4865,9692,749

14,05311,21025,1919,982

-9,109-9,355

6,308

10,66616,7325,632

-25,882-78,212-98,771

-123,354-140,421-101,787-75,537

-57,511-11,710

-15,847- 1 3 924-16>77-10,966

- 2 006- l ]684-5,075-2,945

1,096-9,990-7,362

Unilateraltransfers,

net 4

-2,991-2,722-4,973-5,849

-4,537-4,954-5,113-6,657-5,642-5,086-4,990-4,763-4,647-4,422

-4,062-4,127-4,277-4,392-4,240-4,583-4,955-5,294-5,629-5,735

-6,156-7,402-8,544-6,913

5 -9,249-7,075-5,686-5,226-5,788-6,593

-8,349-11,702-17,075-17,741-20,612-22,950-24,176-23,052-24,869-25,606

-32,9168,028

-6,538- 7 401-7^201

-11,778

14 1994J15

-6,012-4,273

-6,999-7,812-6,876

Balanceon

currentaccount

4,8858,9922,417

873-1,840

884614

-1,286219430

2,7304,762

784-1,282

2,8243,8223,3874,4146,8235,4313,0312,583

611399

2,331-1,433-5,795

7,1401,962

18,1164,295

-14,335-15,143

- 2 8 5

2,3175,030

-11,443-43,623-98,824

-121,721-147,529-163,474-126,656-101,143

-90,428-3,682

-22,385- 2 1 325-23,978-22,744

12 1932^431

-11,087-7,218

-5,903-17,802-14,238

1 Excludes military.2 Adjusted from Census data for differences in valuation, coverage, and timing.3 Quarterly data are not seasonally adjusted.4 Includes transfers of goods and services under U.S. military grant programs.


462


TABLE B-100.—U.S. international transactions, 1946-92—Continued

[Millions of dollars; quarterly data seasonally adjusted, except as noted]

Year orquarter

1946194719481949

195019511952 .1953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

1980...198119821983...198419851986198719881989

19901991

1990:1IIIllIV

1991:1IIIllIV

1992:1IIIll"

U.S. assets abroad, net[increase/capital outflow ( - ) ]

Total

-4,099-5,538-4,174-7,270-9,560-5,716-7,321-9,757

-10,977-11,585

-9,337-12,475-14,497-22,874-34,745-39,703-51,269-34,785-61,130-66,054

-86,967-114,147-122,335

-58,856-29,224-34,069-91,069-62,402-92,708

-114,944

-56,321-62,220

42,141-30,682-30,964-36,816

- 6 4 0-7,050

-10,368-44,158

-4,25037

-20,157

U.S.officialreserve

assets3 6

623- 3 315

1736- 2 6 6

1,758-33

- 4 1 51,256

480182869

-1,1652,2921,035

2,145607

1,535378171

1,225570

53-870

-1,179

2,4812,349

- 4158

-1,467-849

-2,558- 3 7 5

732-1,133

-8,155-5,175-4,965-1,196-3,131-3,858

3129,149

-3,912-25,293

-2,1585,763

-3,177371

1,739-1,091

3531,0143,8771,225

-1,0571,4641,952

OtherU.S.

Govern-ment

assets

-1,100- 9 1 0

-1,085-1,662-1,680-1,605-1,543-2,423-2,274-2,200

-1,589-1,884-1,568-2,644

5 366-3,474-4,214-3,693-4,660-3,746

-5,162-5,097-6,131-5,006-5,489-2,821-2,022

1,0062,9671,271

2,3043,397

- 7 4 3- 7 9 4-3374,179

1,073- 4 2 03,180-437

- 3 8-111- 3 8 5

U.S.privateassets

-5,144-5,235-4,623-5,986-8,050-5,336-6,347-7,386-7,833-8,206

-10,229-12,940-12,925-20,388-33,643-35,380-44,498-30,717-57,202-61,176

-73,651-103,875-111,239-52,654-20,605-27,391-89,360-72,556-91,762-90,922

-56,467-71,379

46,061-30,259-32,366-39,903

1,360-7,64417,426

-44,947

-3 ,155-1,150

-21,724

Foreign assets in the U.S., net[increase/capital inflow ( + )]

Total

2,2942,7051,9113,2173,643

7423,6617,3799,928

12,702

6,35922,97021,46118,38834,24115,67036,51851,31964,03638,752

58,11283,03292,41883,380

102,010130,966223,191229,972219,489213,693

99,37966,980

-30,96530,85351,38648,108

7,8402,959

22,93348,929

18,56347,41517,286

Foreignofficialassets 3

1,473765

1,2701,9861,660

134- 6 7 23,451- 7 7 4

-1,301

6,90826,87910,4756,026

10,5467,027

17,69336,81633,678

-13,665

15,4974,9603,5935,8453,140

-1,11935,64845,38739,758

8,489

33,90818,407

-6,4506,134

14,09720,127

5,650-4,178

4,11512,819

21,19220,895

-7,738

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002

- 5 5 0-3,90910,98612,36223,696

8,64318,82614,50330,35852,416

42,61578,07288,82677,53498,870

132,084187,543184,585179,731205,204

65,47148,573

-24,51524,71937,28927,981

13,4907,137

18,81836,110

-2,62926,52025,024

Alloca-tions ofspecialdrawingrights(SDRs)

867717710

1,139

1,1521,093

Statisticaldiscrepancy

Total(sum of

the itemswith signreversed)

-1,019-989

-1,124- 3 6 0-907- 4 5 7

629- 2 0 5

438-1,516

-219-9,779-1,879-2,654-1,458

5,91710,455

-2,19912,23626,449

25,38624,99241,35919,09926,03824,82515,407

-4,096- 1 2 62,394

47,370-1,078

11,20921,1543,556

11,452

-3,7131,660

-1,4782,447

-8,410-29,650

17,109

Of which:Seasonaladjust-ment

discrep-ancy

4,489518

-5,605600

4,636883

-6,137613

4,023410

-7,680

5 Includes extraordinary U.S. Government transactions with India.6 Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).Source: Department of Commerce, Bureau of Economic Analysis.

463


TABLE B-101.—U.S. merchandise exports and imports by principal end-use category, 1965-92

[Billions of dollars; quarterly data seasonally adjusted]

Year orquarter

19651966196719681969

19701971197219731974

1975197619771978 »1979

19801981198219831984

19851986198719881989

19901991

1990: IIIIllIV

1991: IIIIllIV

1992: IIIIll

Exports

Total

26.529.330.733.636.4

42 543.349.471.498.3

107.1114.7120.8142.1184.4

224.3237.0211.2201.8219.9

215.9223.3250.2320.2361.7

388.7416.0

95.096.796.5

100.5

100.6103.3104.2107.9

107.9107.5110.8

Agri-cultur-

alprod-ucts

636.96.56.36.1

7.47.89.5

18.022.4

22 223.424.329.935.5

42.044.137.337.138.4

29.627.229.538.242.2

40.240.1

10.710.19.99.5

9.89.4

10.210.8

10.810.511.6

Total

20.222.424.227.330.3

35.135.539.953.475.9

84.891.496.5

112.2149.0

182.2193.0173.9164.7181.5

186.3196.2220.7282.0319.5

348.5375.8

84.286.586.791.1

90.894.094.097.1

97.197.099.2

Nonagricultural products

indus-trial

suppliesand

mate-rials

7.68.28.59.6

10.3

12.310.911.917.026.3

26.828.429.834.252.2

65.163.657.752.756.8

54.859.463.782.691.9

97.1101.8

23.223.324.026.6

26.425.325.125.0

24.925.125.8

Capitalgoodsexcept

automo-tive

818.99.9

11.112.4

14.715.416.922.030.9

36.639.139.847.560.2

76.384.276.571.777.0

79.382.892.7

119.1139.6

153.3167.0

37.738.638.338.8

38.942.341.744.1

44.143.543.6

Auto-motive

192.42.83.53.9

3.94.75.56.98.6

10 612.113.415.217.9

17.419.717.218.522.4

24.925.127.633.434.9

36.540 0

8.89.59.38.8

8.89.9

10.910.4

10.711.512.2

Other

2.62.93.03.23.7

4.34.55.67.6

10.0

10.811.713.515.318.7

23.425.522.421.825.3

27.228.936.846.953.1

61.766.9

14.615.115.116.9

16.816.416.317.6

17.416.917.5

Imports

Total

21525.526.933.035.8

39.945.655.870.5

103.8

98.2124.2151.9176.0212.0

249.8265.1247.6268.9332.4

338.1368.4409.8447.2477.4

497.6489.4

122.4121.5125.4128.3

119.0119.7124.3126.4

125.2132.0137.4

Petro-leumand

prod-ucts

202.12.12.42.6

2.93.74.78.4

26.6

27.034.645.042.660.4

79.578.462.055.158.1

51.434.342.939.650.9

62.351.2

15.812.815.518.2

12.912.913.112.2

10.412.914.2

Total

19.523.424.830.633.2

36.941.951.162.177.2

71.289.7

106.9133.4151.6

170.2186.7185.7213.8274.4

286.7334.1366.8407.6426.4

435.3438.2

106.6108.6110.0110.1

106.0106.8111.2114.2

114.8119.1123.1

Nonpetroleum products

Indus-trial

suppliesand

mate-rials

9110.210.012.011.8

12 413.816.319.627.8

24 029.835.740.747.5

53.056.148.653.766.1

62.669.970.883.184.2

82.580.9

20.220.520.820.9

19.920.120.020.8

21.122.122.0

Capitalgoodsexcept

automo-tive

1.52.22.52.83.4

4.04.35.98.39.8

10.212.314.019.324.6

31.637.138.443.760.4

61.372.085.1

102.2112.5

116.0120.7

28.428.828.930.0

29.830.130.330.5

31.332.834.5

Auto-motive

0.91.82.44.04.9

5.57.48.7

10.312.0

11.716.218.625.026.6

28.331.034.343.056.5

64.978.185.287.987.4

87.784.9

21.222.222.621.7

20.319.822.722.2

22.022.422.8

Other

8.09.29.9

11.813.0

15.016.420.223.927.5

25 331.438.648.452.8

57.462.464.373.391.4

97.9114.2125.7134.4142.4

149.0151.7

36.737.137.737.5

36.036.838.240.7

40.541.843.8

1 End-use categories beginning 1978 are not strictly comparable with data for earlier periods. See Survey of Current Business, June 1988.

Note.—Data are on an international transactions basis and exclude military.In June 1990, end-use categories for merchandise exports were redefined to include reexports; beginning with data for 1978,

reexports (exports of foreign merchandise) are assigned to detailed end-use categories in the same manner as exports of domesticmerchandise.


464


TABLE B-102.—U.S. merchandise exports and imports by area, 1983-92


Item

Exports

Industrial countries

CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Australia

Other countries, exceptEastern Europe

OPEC2

Other3

Eastern Europe

Internationalorganizations andunallocated

Imports


CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Australia


OPEC2

Other3

Eastern Europe


Balance (excess ofexports + )


Canada .JapanWestern EuropeAustralia, New Zealand,

and South Africa

Australia


OPEC2

Other3

Eastern Europe


1983

201.8

128.3

44.521.855.4

6.6

3.9

70.4

15.355.2

3.0

.1

268.9

160.1

55.243.356.2

5.4

2.2

107.4

24.982.5

1.4

- 6 7 . 1

- 3 1 . 8

- 1 0 . 7- 2 1 . 6

- . 8

1.2

1.7

- 3 7 . 0

- 9 . 7- 2 7 . 3

1.6

.1

1984

219.9

141.0

53.023.256.9

7.8

4.9

74.6

13.860.8

4.3

.0

332.4

205.5

67.660.272.1

5.6

2.8

124.7

26.997.8

2.2

- 1 1 2 . 5

- 6 4 . 5

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

2.2

2.1

- 5 0 . 1

- 1 3 . 1- 3 7 . 0

2.1

.0

1985

215.9

140.5

55.422.156.0

7.0

5.1

71.9

11.460.5

3.2

.2

338.1

219.0

70.265.777.5

5.6

2.7

117.3

22.894.5

1.8

- 1 2 2 . 2

- 7 8 . 4

- 1 4 . 8- 4 3 . 5- 2 1 . 4

1.4

2.4

- 4 5 . 3

- 1 1 . 4- 3 3 . 9

1.4

.2

1986

223.3

150.3

56.526.460.4

7.1

5.1

71.0

10.460.6

2.1

368.4

245.4

69.780.889.0

5.9

2.6

121.1

18.9102.2

2.0

- 1 4 5 . 1

- 9 5 . 1

- 1 3 . 2- 5 4 . 4- 2 8 . 6

1.1

2.5

- 5 0 . 1

- 8 . 5- 4 1 . 6

.1

1987

250.2

165.6

62.027.668.6

7.4

5.3

82.3

10.771.6

2.3

409.8

259.7

73.684.696.1

5.4

3.0

148.2

24.4123.8

1.9

- 1 5 9 . 6

- 9 4 . 1

- 1 1 . 6- 5 6 . 9- 2 7 . 5

2.0

2.3

- 6 5 . 8

- 1 3 . 7- 5 2 . 1

.3

1988

320.2

207.3

74.337.286.4

9.4

6.8

109.1

13.895.3

3.8

.1

447.2

283.2

84.689.8

102.6

6.2

3.5

161.8

23.0138.8

2.2

- 1 2 7 . 0

- 7 5 . 9

- 1 0 . 3- 5 2 . 6- 1 6 . 2

3.2

3.3

- 5 2 . 7

- 9 . 2- 4 3 . 5

1.6

.1

1989

361.7

233.8

80.743.998.4

10.9

8.1

122.2

13.3108.9

5.5

.2

477.4

292.5

89.993.5

102.4

6.6

3.9

182.8

30.7152.1

2.1

- 1 1 5 . 7

- 5 8 . 7

- 9 . 3- 4 9 . 7

- 4 . 0

4.2

4.2

- 6 0 . 6

- 1 7 . 4- 4 3 . 2

3.5

.2

1990

388.7

253.2

82.947.8

111.4

11.2

8.3

130.6

13.4117.2

4.3

.6

497.6

299.1

93.189.6

109.2

7.3

4.4

196.1

38.2157.9

2.3

- 108 .9

- 4 5 . 9

- 1 0 . 2- 4 1 . 8

2.2

3.9

3.9

- 6 5 . 6

- 2 4 . 8- 4 0 . 7

2.1

.6

1991

416.0

260.4

85.047.2

116.8

11.4

8.3

150.3

18.4131.9

4.8

.4

489.4

293.3

93.091.5

101.9

6.9

4.0

194.3

33.1161.2

1.8

- 7 3 . 4

- 3 2 . 9

- 8 . 0- 4 4 . 3

14.9

4.5

4.3

- 4 3 . 9

- 1 4 . 6- 2 9 . 3

3.0

.4

1992 first3 quartersat annual

rate1

435.0

263.8

90.447.2

114.4

11.8

8.3

165.9

20.7145.2

5.3

526.1

309.0

100.294.0

108.1

6.8

3.7

215.1

32.5182.6

2.0

- 9 1 . 1

- 4 5 . 2

- 9 . 8- 4 6 . 8

6.3

5.0

4.5

- 4 9 . 2

- 1 1 . 8- 3 7 . 4

3.3

1 Preliminary; seasonally adjusted.2 Organization of Petroleum Exporting Countries, consisting of Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,

Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.3 Latin America, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.

Note.—Data are on an international transactions basis and exclude military.



TABLE B-103.—U.S. merchandise exports, imports, and trade balance, 1972-92

[Billions of dollars; monthly data seasonally adjusted]

Year ormonth

19721973

1974197519761977197819791980

19811982198319841985198619871988198919901991

JanFebMarAprMayJuneJulyAugSeptOctNovDec

1992:JanFebMarAprMayJuneJulyAugSeptOct

I

Total2

Merchandise exports (f.a.s. talue) »

Principal end-use commodity category

Foods,feeds,

anrfbev-er-

ages

In-dus-trialsup-pliesandma-teri-als

Cap-ital

goods

ceptauto-mo-tive

Auto-mo-tivevehi-cles,

parts,anden-

gines

Con-sum-

er

(non-food)

ex-ceptauto-mo-tive

Other2

F.a.s. value5

49 971.9

99 4108 91168123 2145 8186.4225.6

238.7216.4205.6224.0

7 218.87 227.2

254.1322.4363.8393.6421.7

34.333.734.235.535.034.735.234.535.336.837.336.1

35.537.737.136.435.738.237.835.837.939.2

31.330.931.524.022.324.332.337.235.135.7

2.73.03.02.92.92.73.13.03.13.23.23.3

3.13.63.33.53.03.13.53.33.73.7

61.756.761.758.557.366.785.199.3

104.4109.7

9.59.99.09.29.48.79.19.18.69.38.98.9

9.38.98.88.88.99.39.68.79.19.6

72.767.272.073.975.886.2

109.2138.8152.7166.7

13.012.413.514.313.714.313.713.414.414.415.414.3

13.915.314.914.313.915.314.514.015.015.4

15.716.820.622.921.724.629.334.837.440.0

3.32.63.03.43.43.53.63.33.53.73.63.3

3.23.63.94.03.84.03.93.73.83.8

14.313.413.312.614.217.723.136.443.345.9

3.93.83.83.83.73.73.73.73.84.14.13.8

3.94.14.03.94.04.24.34.14.54.6

20.720.524.027.335.934.643.417.220.723.7

1.91.91.91.9?.O1.92.01.91.92.12.12.3

2.02.12.32.02.12.22.02.12.02.2

General merchandise imports (customs value)3

Total

Principal end-use commodity category

Foods,feeds,

bev-er-

ages

In-dus-trialsup-pliesandma-teri-als

Cap-ital

goods

ceptauto-mo-tive

Auto-mo-tivevehi-cles,

parts,anden-

gines

Con-sum-

ergoods(non-food)

ex-ceptauto-mo-tive

Other

Customs value

55 669.5

103 399 3

124 61515176 1210.3245.3

2610244.0258.0

6 330.76 336.5

365.4406.2441.0473.2495.3487.1

41.239,038.539.740.039.440.841.141.842.741.441.7

41.341.042.743.542.945.045.144.846.546.2

17.118.221.021.924.424.824.825.126.626.5

2.22.12.22.32.32.32.22.12.22,12.22.3

2.32.22.32.42.22.62.52.32.32.3

F.a.s. value5

Customs value

112.0107.0123.7113.9101.3111.0118.3132.3143.2131.0

12.210.610.110.811.310.610.710.911.111.110.810.8

10.610.410.711.311.412.012.011.812.012.3

35.440.959.865.171.884.5

101.4113.3116.4120.7

9.89.9

10.110.19.9

10.010.210.010.210.39.9

10.3

10.310.310.710.810.811.211.311.511.711.8

33.340.853.566.878.285.287.786.187.384.9

7.26.76.66.86.66.67.47.97.47.77.27.2

7.37.17.57.77.37.47.47.67.87.6

39.744.960.068.379.488.795.9

102.9105.7108.0

8.68.58.38.58.58.49.18.99.4

10.09.89.8

9.59.69.99.89.8

10.210.510.311.210.7

6.56.37.89.4

10.412.112.813.616.115.9

1.31.21.31.31.51.51.31.31.31.41.41.3

1.31.51.61.41.31.51.51.31.41.5

Toneralmer-chan-diseim-

ports(c.i.f.

value)4

58 973.2

110 9105 9132 5160 4186 0222.2257.0

273 4254.9269.9346.4352.5382.3424.4459.5493.2517.0508.4

43.040.740.241.641.841.142.642.843.644.543.143.4

43.142.644.545.344.646.746.946.648.348.0

Trade balance

Ex-

(f.a.s.)lessim-

(cus-tomsval-ue)

- 5 72.4

399678

28 430 2

-23 .9-19 .7

-22 .3- 2 7 . 5-52 .4

-106.7-117.7-138 .3-152.1-118.5-109.4-101.7-65 .4

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

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

Ex-ports

(f.a.s.)lessim-

ports(ci.f.)

- 9 0- 1 3

- 1 1 430

15 737 240 2

-35 .9-31 .4

-34 .6- 3 8 . 4-64 .2

-122.4-133 .6-155.1-170.2-137.1-129.4-123.4-86 .6

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

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

-10 .8- 1 0 . 4

- 8 . 9

1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excludedfrom total exports through 1985 and included beginning 1986.

2 Includes undocumented exports to Canada through 1988. Beginning 1989, undocumented exports to Canada are included in theappropriate end-use category.

3 Total arrivals of imported goods other than intransit shipments.4 Ci.f. (cost, insurance, and freight) import value at first port of entry into United States. Data for 1967-73 are estimates.5 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.6 Total includes revisions not reflected in detail.7 Total exports are on a revised statistical month basis; end-use categories are on a statistical month basis.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 US. Armed Forces. Exports include shipments under Agency for International Development and Food for Peace programs as wellas other private relief shipments.

Data beginning 1974 include trade of the U.S. Virgin Islands.Source: Department of Commerce, Bureau of the Census.

466


TABLE B-104.—International reserves, selected years, 1952-92

[Millions of SDRs; end of period]

Area and country 1952 1962 1972 1982 1989 1990 19911992

Oct Nov

All countries

Industrial countries *

United StatesCanadaAustraliaJapanNew Zealand

AustriaBelgiumDenmarkFinlandFrance

GermanyGreeceIcelandIrelandItalyNetherlands

NorwayPortugalSpainSwedenSwitzerlandUnited Kingdom

Developing countries: Total2

By area:

AfricaAsia2

EuropeMiddle EastWestern Hemisphere

Memo:

Oil-exporting countriesNon-oil developing countries2

49,388

39,280

24,7141,944920

1,101183

1161,133150132686

960948

318722953

164603134504

1,6671,956

9,648

1,7863,793269

1,1832,616

1,6997,949

62,851

53,502

17,2202,5611,1682,021251

1,0811,753256237

4,049

6,95828732

3594,0681,943

304680

1,045802

2,9193,308

9,349

2,1102,772381

1,8052,282

2,0307,319

146,658

113,362

12,1125,5725,65616,916

767

2,5053,564787664

9,224

21,90895078

1,0385,6054,407

1,2202,1294,6181,4536,9615,201

33,295

3,9628,1292,6809,4369,089

9,95623,339

361,253

214,014

29,9183,4286,053

22,001577

5,5444,7572,1111,420

17,850

43,909916133

2,39015,10810,723

6,2721,1797,4503,397

16,93011,904

147,239

7,73444,490

5,35964,09425,563

67,16380,076

624,122

410,113

57,52512,78110,76364,7352,303

7,2669,2504,9253,959

21,592

49,5272,572258

3,10037,88414,100

10,5318,13532,1047,487

22,14827,121

214,009

9,439121,69014,93142,28825,660

44,363169,645

670,727

441,924

59,95813,06011,71056,0272,902

7,3059,5997,5026,849

28,716

51,0602,517308

3,68446,56513,827

10,81910,73636,55512,85623,45625,864

228,802

12,053128,82615,53538,01134,376

43,930184,872

704,977

428,417

55,76911,81611,83751,2242,062

7,9249,5735,2345,389

24,735

47,3753,747316

4,02636,36513,980

9,29214,97746,56213,02823,19129,948

276,560

14,586157,53515,63441,85946,946

48,938227,621

731,351

417,788

54,0829,3498,241

51,592

9,6359,0556,6304,778

66,2073,163

3642,809

18,39816,301

11,86214,93037,765

22,70128,058

313,564

15,778180,841

15,56142,60358,781

47,098266,460

53,5297,4668,246

52,644

9,455

5,138

65,3603,380

3932,479

21,16316,152

15,08731,409

24,30427,910

1 Includes data for Luxembourg.2 Includes data for Taiwan Province of China.

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; 1982-1.10311; 1989-1.31416; 1990 -1.42266; 1991—1.43043; October 1992—1.40595; and November 1992—1.37896.

Source: International Monetary Fund, International Financial Statistics.

467


TABLE B-105.—Industrial production and consumer prices, major industrial countries, 7967-92

Year or quarter UnitedStates Canada Japan

EuropeanCommu-nity1

France Germany 2 Italy UnitedKingdom

Industrial production (1987 = 100) 3

19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911991:1

II....III...IV...

1992:1II....I l l "

19671968196919701971197219731974197519761977197819791980198119821983198419851986........198719881989...199019911991-.I

II....III...IV...

1992:1II....III...

57.560.763.561.462.268.373.872.766.372.478.282.685.784.185.781.984.992.894.495.3

100.0105.4108.1109.2107.1105.8106.4108.1107.9107.1108.5109.1

51.154.358.158.862.066.773.876.171.676.079.382.186.182.884.576.281.291.096.195.4

100.0105.3104.9100.596.495.596.597.296.496.296.697.3

36.241.748.355.056.559.667.966.459.466.068.673.078.181.782.682.985.593.496.896.6

100.0109.3115.9121.4124.1124.8124.3124.5123.1119.9117.1117.7

59.363.769.673.174.778.083.784.378.784.586.695.493.192.891.189.990.892.895.898.0

100.0104.2108.1110.2110.2110.1109.9109.4109.3110.6109.4

Consumer prices

61626972778187908390929499

98.998.397.396.597.197.298.G

100.0104.6108.8110.9111.2110.3110.9112.1111.0110.5111.0

57.662.970.975.577.079.985.084.879.686.888.090.494.795.093.290.390.993.597.799.6

100.0103.9108.8114.5118.0118.4119.0117.8116.2119.3117.1114.8

(1982-84=100)

58.561.964.268.368.070.877.781.273.782.983.885.491.196.294.791.788.991.892.996.2

100.0105.9109.2109.4107.1108.5106.5106.2107.4110.1107.0

70.575.978.578.978.579.987.085.480.883.487.690.193.687.584.886.489.689.794.696.9

100.0103.6104.0103.4100.4100.999.5

100.5100.499.699.399.9

33.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2134.8135.6136.7137.7138.7139.8140.9

31.332.534.035.136.137.940.745.250.153.858.163.369.176.185.694.9

100.4104.8108.9113.4118.4123.2129.3135.5143.1141.9143.0143.8143.6144.2144.9145.6

32.234.035.838.540.942.947.959.066.072.178.081.384.391.095.398.099.8

102.1104.1104.8104.9105.7108.0111.4115.0113.8114.9114.9116.3115.9117.5117.0

23.224.025.026.328.029.832.437.042.447.653.558.665.074.083.192.2100.2107.5114.2118.5122.5126.9133.4140.9148.1145.4147.3149.0150.7152.3154.2155.0

24.625.727.428.730.332.234.539.343.948.152.757.563.672.281.891.7100.3108.0114.3117.2121.1124.4128.9133.2137.2135.7136.6137.7138.9139.8140.8141.5

49.350.151.052.955.658.762.867.271.274.276.979.082.386.892.297.0100.3102.7104.8104.7104.9106.3109.2112.1116.0114.2115.2116.9117.7

119.1120.4121.0

16.016.216.616.817.618.720.624.628.833.640.145.152.163.275.487.7100.8111.5121.1128.5134.4141.1150.4159.6169.7166.5169.2170.9173.3175.9178.2179.4

18.519.420.421.823.825.527.932.340.246.854.258.766.678.587.995.499.8104.8111.1114.9119.7125.6135.4148.2156.9153.7156.9157.6159.2160.0163.5163.4

1 Consists of Belgium-Luxembourg, Denmark, France, Greece, Ireland, Italy, Netherlands, United Kingdom, Germany, Portugal, andSpain. Industrial production prior to July 1981 excludes data for Greece, which joined the EC in 1981. Data for Portugal and Spain,which became members on January 1, 1986 are excluded prior to 1982.2 Former West Germany.

3 All data exclude construction. Quarterly data are seasonally adjusted.Sources: National sources as reported by Department of Commerce (International Trade Administration, Office of Trade and Economic

Analysis, Trade and Industry Statistics Division), Department of Labor (Bureau of Labor Statistics), and Board of Governors of theFederal Reserve System.

468


TABLE B-106.—Civilian unemployment rate, and hourly compensation, major industrial countries,

1965-92

[Quarterly data seasonally adjusted]

Year or quarter UnitedStates Canada Japan France Germa-

ny ! Italy UnitedKingdom

196519661967196819691970197119721973197419751976197719781979198019811982198319841985

19871988198919901991 "19921991:1....

III..IV..

1992:1....

1965...1966...1967..1968-1969..1970..1971..1972..1973..1974..1975..1976..1977..1978..1979..1980..1981..1982..1983.1984..1985..1986.1987..1988.1989..

1990 .1991 .

Civilian unemployment rate (percent)2

4.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.56.77.46.56.76.77.07.37.57.5

3.63.43.84.54.45.76.26.25.55.36.97.18.18.37.47.57.5

11.011.811.210.59.58.87.87.58.1

10.3

10.210.310.410.310.711.311.5

1.21.41.31.21.11.21.31.41.31.41.92.02.02.32.12.02.22.42.72.82.62.82.92.52.32.12.1

2.12.12.22.12.12.12.2

1.61.62.12.72.32.52.82.92.82.94.14.55.15.36.06.47.68.38.5

10.010.410.610.710.29.69.19.6

9.19.59.79.9

10010.210.2

0.3.3

1.31.1.6.5.6.7.7

1.63.43.43.43.32.92.84.05.6

3 6.97.17.26.66.36.35.7

"5.04.4

4.54.44.44.44.44.64.8

3.53.73.43.53.53.23.33.83.73.13.43.94.14.14.44.44.95.45.95.96.0

3 7.57.97.97.8

"7.03 6.9

6.97.06.76.97.06.96.9

Manufacturing hourly compensation in U.S. dollars (1982--100)4

62.667.774.283.191.4

100.0102.5105.7111.0115411801226127 31338140.6

22.824.726.128.230.433.937.741.344.352.257367.769569.874.883.093.1

100.01062105 9105.610781163130.9143 2154 8168 0

8.59.3

10.512.214.617.420.727.337.445.652 1562

15.516.417.619.820.121.224.028.937.841.457.3593

68694.095.598.3

1076100.0107.7111.011501712204.223442312238.12722

65681097.3

113.5102.0100.095.390 495.6

129.3154.7162.41580192 41936

13.214.315.216.318.122.927.032.544.251.659.762.974.592.8

109.1119.3102.2100.099.993 996,0

1356171.4182.1178.4222.2231.4

15.116.017.718.920.625.129.434.941.248.160.559.065778.897.4

111.1100.9100.0104.31035

| 107.0! 142.7I 173.3

179.9188.5239.4

I 253.5L I

2.12.33.33.23.13.13.94.23.23.14.65.96.46.35.47.0

10.511.311.811.811.211.210.38.67.16.98.8

7.98.69.29.49.69.8

10.2

15.817.117.316.217.620.424.028.431.736.345.943.147260.579.7

106.1105.9100.092.787 792.2

112.2133.2152.61526

184.6199.3

1 Former West Germany.2 Civilian unemployment rates, approximating U.S. concepts. Quarterly data for France, Germany, and United Kingdom should be

viewed as less precise indicators of unemployment under U.S. concepts than the annual data Many Italians reported as unemployed didnot actively seek work in the past 30 days, and they have been excluded for comparability with U.S. concepts. Inclusion of such personswould about double the unemployment rate for Italy through 1985, and increase it to 11-12 percent for 1986 forward.

:i There are breaks in the series for Germany (1983) and Italy (1986 and 1991). Based on the prior series, the rate for Germany was7.4 percent in 1983 and the rate for Italy was 6.3 percent in 1986. Based on the new series beginning in 1991, the rate for Italy for1990 would be approximately 7.3 percent.

4 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.


469


TABLE B-107.—Foreign exchange rates, 1967-92

[Currency units per U.S. dollar, except as noted]

Period

March 1973

196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921991: 1

IIIllIV

1992:1IIIllIV

March 1973

196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921991:1

IIIllIV

1992:1IIIllIV

Belgium(franc)

39.408

49.68949.93650.14249.65648.59844.02038.95538.95936.80038.60935.84931.49529.34229.23837.19545.78151.12357.75259.33744.66437.35836.78539.40933.42434.19532.14831.62635.65835.87033.48233.34733.22030.17031.915

Netherlands(guilder)

2.8714

3.60243.61983.62403.61663.49533.20982.79462.68792.52932.64492.45482.16432.00731.98752.49992.67192.85443.20853.31852.44852.02641.97782.12191.82151.87201.75871.73121.95331.96331.83221.82431.81821.65061.7448

Canada(dollar)

0.9967

1.07891.07761.07691.04441.0099.99071.0002.9780

1.0175.98631.06331.14051.17131.16931.19901.23441.23251.29521.36591.38961.32591.23061.18421.16681.14601.20851.15611.14931.14401.13501.17751.19401.20161.2617

Sweden(krona)

4.4294

5.16215.16835.17015.18625.10514.75714.36194.43874.15314.35804.48024.52074.28934.23105.06606.28397.67188.27088.60327.12736.34696.13706.45595.92316.05215.82585.70296.22606.32395.93575.88545.83025.35236.2581

France(franc)

4.5156

4.92064.95295.19995.52885.51005.04444.45354.81074.28774.78254.91614.50914.25674.22515.43976.57947.62048.73568.98006.92576.01225.95956.38025.44675.64685.29355.22295.87155.92025.54975.51375.44164.96285.2671

Switzerland(franc)

3.2171

4.32834.31634.31314.31064.11713.81863.16882.98052.58392.50022.40651.79071.66441.67721.96752.03272.10072.35002.45521.79791.49181.46431.63691.39011.43561.40641.31191.47401.51731.43351.45731.47801.30411.3888

Germany(mark)

2.8132

3.98653.99203.92513.64653.48303.18862.67152.58682.46142.51852.32362.00971.83431.81752.26322.42812.55392.84552.94202.17051.79811.75701.88081.61661.66101.56181.53571.73361.74211.62561.62041.61461.46431.5509

United Kingdom(pound) *

247.24

275.04239.35239.01239.59244.42250.34245.25234.03222.17180.48174.49191.84212.24232.46202.43174.80151.59133.68129.74146.77163.98178.13163.82178.41176.74176.63190.48170.95168.61177.57176.92180.70190.30157.81

Italy(lira)

568.17

624.09623.38627.32627.12618.34583.70582.41650.81653.10833.58882.78849.13831.11856.211138.581354.001519.321756.111908.881491.161297.031302.391372.281198.271241.281232.171150.421286.271300.751222.851218.541217.231135.181362.89

Japan(yen)

261.90

362.13360.55358.36358.16347.79303.13271.31291.84296.78296.45268.62210.39219.02226.63220.63249.06237.55237.46238.47168.35144.60128.17138.07145.00134.59126.78133.98138.32136.38129.50128.77130.37124.93123.02

Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)

Nominal

100.0

120.0122.1122.4121.1117.8109.199.1101.498.5105.7103.492.488.187.4103.4116.6125.3138.2143.0112.296.992.798.689.189.886.684.792.993.388.288.288.081.988.5

Real2

100.0

98.999.494.197.693.384.483.284.9100.9111.8117.3128.8132.4103.690.988.294.486.086.583.381.989.689.784.784.884.478.885.1

1 Cents per unit of foreign currency.2 Adjusted by changes in consumer prices.


470


TABLE B-108.—Growth rates in real gross national product/gross domestic product, 1971-91

[Percent change]

Area and country1971-75annual

1976-80annualaverage

1981-85annualaverage

1986 1987 1988 1989 1990 1991

OECD countries1.

United States..CanadaJapan

European Community2

FranceGermany3

ItalyUnited Kingdom..

Western Hemisphere (other than countrieslisted above)

U.S.S.R.4..China

AfricaAsiaMiddle East

3.1

2.45.24.5

2.9

3.52.22.82.1

3.4

3.24.04.6

3.2

3.13.34.81.9

5.4

1.86.2

2.75.84.0

2.4

2.62.93.8

1.4

1.51.11.42.0

1.710.0

.96.71.7

2.8

2.93.32.6

2.8

2.52.22.94.1

3.6

4.17.7

2.66.3

-2 .6

3.2

3.14.24.1

2.7

2.31.33.14.8

3.7

1.310.2

1.68.1

.3

3.95.06.2

4.1

4.53.64.14.4

2.111.3

6.38.9

3.3

2.52.34.7

3.4

4.13.32.92.1

4.25.9

2.4

- . 55.2

2.9

2.24.82.2

.5

- . 6

- 3 . 7

3.76.2

0.8

- 1 . 2-1 .7

4.4

1.5

1.23.71.4

-2 .2

-13.0

1 OECD (Organization for Economic Cooperation and Development) includes Australia, Austria, Belgium, Denmark, Finland, France,Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey,and United Kingdom, not shown separately.

2 Includes Belgium, Denmark, Greece, Ireland, Luxembourg, Netherlands, Portugal, and Spain, not shown separately.3 Former West Germany.4 Data for U.S.S.R. as published in last year's Economic Report of the President; data for individual countries are not available.

Sources: Department of Commerce, Organization for Economic Cooperation and Development, International Monetary Fund, andCouncil of Economic Advisers.


NATIONAL WEALTH

TABLE B-109.—National wealth, 1960-91


End of year

1960196119621963 ...1964

19651966196719681969

19701971197219731974

1975.....1976197719781979

1980....1981198219831984

198519861987,19881989

19901991

Totalnet

worth »

1,579.01,735.91.726.21,870.42,001.2

2,169.52,234.82,513.82,846.42 901 1

3,029.53,338.23,757.33,944.24,126.4

4,681.65,265.15,774.46,601.47,720.9

8,968.69,576.1

10,194.010,907.011,533.3

12,612.613,546.314,216.615,120.616,631,9

16,320.617,630.9

Private net worth 2

Total

1,833.61,998.61,994.92,142.92,280.3

2,449.52,520.82,810.33,153.43 2111

3,358.23,695.24,128.44,315.94,510.6

5,146.25,790.36,341.97.200.68,334.8

9,644.310,337.311,102.412,001.512,802.2

14,072.315,231.616,099.717,199.118,917.2

18,839.320,428.2

Tangible wealth 3

Total *

730.0761.2794.5833.0874.9

919.2991.8

1,059.41,182.01 286 8

1,368.41,483.41,673.51,894.32,154.0

2,399.12,692.53,098.03,612.34,191.0

4,719.45,115.95,378.75,693.86,181.3

6,625.87,121.87,677.78,126.48,731.9

8,747.49,256.2

Owner-occupied

realestate

488.2512.5535.9559.2584.6

609.6651.9688.2768.7830 7

872.0950.9

1,091.41,241.51,402.4

1,580.21,799.22,104.42,489.32,909.5

3,305.93,592.13,778.64,004,94,370.6

4,672.64,999.65,390.55,643.16,081.9

6,005.16,468.6

Con-sumer

durables

193.7196.8202.3212.8223.7

236.1258.5283.2314.2343 7

372.4393.7424.7470.5544.2

595.7652.8725.5815.2924.4

1,014.31,086.21,133.71,193.81,281.5

1,391.11,527.51,659.51,808.41,929.6

2,030.72,122.7

Financial wealth

Total5

1,103.61,237.41,200.41,309.91,405.4

1,530.31,529.01,750.91,971.41 924 3

1,989.82,211.82,454.92,421.62,356.6

2,747.13,097.83,243.93,588.34,143.8

4,924.95,221.45,723.76,307.76,620.9

7,446.58,109.88,422.09,072.7

10,185.3

10,091.911,172.0

Corpo-rate

equity6

395.4500.8437.1513.5564.1

634.9574.8719.3856.4744 7

727.2831.0918.4707.3492.0

639.2758.1708.9705.0857.0

1,163.41,103.81,195.11,365.81,382.2

1,818.32,107.62,006.62,136.92,495.7

2,356.03,060.9

Noncor-porateequity

347.2355.6365.0374.9387.8

409.0433.0452.6487.6514 7

538.0584.1656.1788.4866.7

948.41,060.81,180.81,399.21,633.1

1,865.02,017.92,018.62,065.42,033.3

2,059.32,121.82,253.12,373.12,524.9

2,449.42,372.6

Government net financial assets

Total7

-254.6-262.7-268.7-272.5-279.1

-280.0-286.0-296.5-307.0

310 0

-328.7-357.0-371.1-371.7-384.2

-464.6-525.2-567.5-599.2-613.9

-675.7-761.2-908.4

-1,094.5-1,268.9

-1,459.7-1,685.3-1,883.1-2,078.5-2,285.3

-2,518.7-2,797.3

Federal

-213.6-218.0-220.9-222.1-225.8

-224.3-226.5-232.1-238.3

233 9

-243.9-263.7-279.2-285.5-296.5

-373.2-433.2-488.2-525.9-547.3

-607.5-683.5-829.0

-1,022.4-1,204.6

-1,410.5-1,644.4-1,826.4-2,019.1-2,193.8

-2,386.7-2,627.6

Stateandlocal

-41.9-45 .7-48.8-51 .5-54 .5

-57.0-60.9-66 .0-70 .5

78 2

-87 .3-96.2-95 .1-90.6-94 .3

-99 .8-102.0

-89.7-84.8-79 .3

-81.6-92 .3-95.6-89.4-84.0

-68.4-60.7-78 .3-84.1

-119.0

-162.7-203.5

1 Sum of private net worth and government net financial assets.2 Referred to as household net worth in the Balance Sheets.3 Held by households and nonprofit institutions.4 Also includes nonprofit institutions' real estate.5 Also includes credit market instruments, life insurance and pension reserves, security credit, and miscellaneous assets, and is net of

liabilities.6 Includes households and nonprofit institutions' direct (or through mutual funds) holdings of corporate equity. Equity held through

pension and life insurance reserves is not included.7 Also includes sponsored credit agencies and the Federal Reserve. Some tangible wealth is included for these agencies.

Note.—Data are from Balance Sheets for the U.S. Economy, 1960-91, September 1992.Data are measured at market value where available. For example, corporate equity and land are measured at market value, but bonds

are measured at par value.


472


TABLE B-110.—National wealth in 1987 dollars, 1960-91

[Billions of 1987 dollars]

End of year

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

Totalnet

worth >

6,049.86,525.96,369.76,801.57,121.7

7,506.97,449.38,109.08,731.38,458.0

8,392.08,784.79,416.89,172.68,723.9

9,197.69,750.29,990.3

10,495.111,287.9

11,878.911,692.411,922.812,241.312,428.1

13,165.613,766.613,979.014,237.915,024.3

14,093.814,766.2

Private net worth 2

Total

7,025.37,513.57,361.37,792.48,114.9

8,475.88,402.79,065.59,673.09,361.8

9,302.59,724.2

10,346.910,037.09,536.2

10,110.410,722.810,972.111,447.712,185.4

12,773.912,621.912,985.313,469.713,795.5

14,689.215,479.315,830.616,195.017,088.7

16,268.817,109.0

Tangible wealth 3

Total4

2,796.92,861.72,931.73,029.13,113.5

3,180.63,306.03,417.43,625.83,751.6

3,790.63.903.74,194.24,405.34,553.9

4,713.44,986.15,359.95,742.96,127.2

6,250.96,246.56,290.96,390.36,660.9

6,916.37,237.67,549.47,652.07,887.9

7,553.97,752.3

Owner-occupied

realestate

1,870.51,926.71,977.52,033.52,080.4

2,109.32,173.02,220.02,358.02,421.9

2,415.52,502.42,735.32,887.22,964.9

3,104.53,331.93,640.83,957.64,253.7

4,378.74,386.04,419.44,494.84,709.7

4,877.55,080.95,300.45,313.75,494.0

5,185.85,417.6

Con-sumer

durables

742.1739.8746.5773.8796.1

817.0861.7913.5963.8

1,002.0

1,031.61,036.11,064.41,094.21,150.5

1,170.31,208.91,255.21,296.01,351.5

1,343.41,326.31,326.01,339.81,380.9

1,452.11,552.31,631.81,702.81,743.1

1,753.61,777.8

Financial wealth

Total5

4,228.44,651.94,429.54,763.35,001.4

5,295.25,096.75,648.16,047.25,610.2

5,511.95,820.56,152.65,631.64,982.2

5,397.15,736.75,612.35,704.86,058.2

6,523.06,375.36,694.47,079.37,134.6

7,773.08,241.78,281.28,543.09,200.8

8,714.99,356.8

Corpo-rate

equity 6

1,514.91,882.71,612.91,867.32,007.5

2,196.91,916.02,320.32,627.02,171.1

2,014.42,186.82,301.81,644.91,040.2

1,255.81,403.91,226.51,120.81,252.9

1,540.91,347.71,397.81,532.91,489.4

1,898.02,141.91,973.12,012.12,254.5

2,034.52,563.6

Non-corpo-rate

equity

1,330.31,336.81,346.91,363.31,380.1

1,415.21,443.31,460.01,495.71,500.6

1,490.31,537.11,644.41,833.51,832.3

1,863.31,964.42,042.92,224.52,387.6

2,470.22,463.92,360.92,318.12,191.1

2,149.62,156.32,215.42,234.62,280.8

2,115.21,987.1

Governmen

Total 7

-975.5-987.6-991.5-990.9-993.2

-968.9-953.3-956.5-941.7-903.8

-910.5-939.5-930.1-864.4-812.3

-912.8-972.6-981.8-952.6-897.5

-895.0-929.4

-1,062.5-1,228.4-1,367.3

-1,523.7-1,712.7-1,851.6-1,957.2-2,064.4

-2,175.0-2,342.8

t net financial assets

Federal

-818.4-819.5-815.1-807.6-803.6

-776.1-755.0-748.7-731.0-681.9

-675.6-693.9-699.7-664.0-626.8

-733.2-802.2-844.6-836.1-800.1

-804.6-834.6-969.6

-1,147.5-1,298.1

-1,472.3-1,671.1-1,795.9-1,901.2-1,981.8

-2,061.1-2,200.7

Stateandlocal

-160.5-171.8-180.1-187.3-194.0

-197.2-203.0-212.9-216.3-228.0

-241.8-253.2-238.3-210.7-199.4

-196.1-188.9-155.2-134.8-115.9

-108.1-112.7-111.8-100.3-90.5

-71.4-61.7-77.0-79.2

-107.5

-140.5-170.4

1 Sum of private net worth and government net financial assets.2 Referred to as household net worth in the Balance Sheets,3 Held by households and nonprofit institutions.4 Also includes nonprofit institutions' real estate.5 Also includes credit market instruments, life insurance and pension reserves, security credit, and miscellaneous assets, and is net of

liabilities.6 Includes households and nonprofit institutions' direct (or through mutual funds) holdings of corporate equity. Equity held through

pension and life insurance reserves is not included.7 Also includes sponsored credit agencies and the Federal Reserve. Some tangible wealth is included for these agencies.

Note.—Data are from Balance Sheets for the U.S. Economy, 1960-91, September 1992; deflated by the GDP implicit deflator. (The deflatorwas averaged for fourth quarter of year shown and first quarter of following year.)

Data are measured at market value where available. For example, corporate equity and land are measured at market value, but bondsare measured at par value.

Sources: Board of Governors of the Federal Reserve System and Department of Commerce, Bureau of Economic Analysis.

473


SUPPLEMENTARY TABLE

TABLE B - l 11.—Selected historical series on gross domestic product and related series, 1929-58

[Billions of dollars; except as noted]

Year

1929

19301931193219331934

19351936193719381939

19401941194219431944

19451946194719481949

19501951195219531954

1955195619571958

Gross domestic product

Cur-rentdol-lars

103.1

90.475.858.055.665.1

72.382.790.884.990.8

100.0125.0158.5192.4211.0

213.1211.9234.3260.3259.3

287.0331.6349.7370.0370.9

404.3426.2448.6454.7

1987dollars

821.8

748.9691.3599.7587.1632.6

681.3777.9811.4778.9840.7

906.01,070.61,284.91,540.51,670.0

1,602.61,272.11,252.81,300.01,305.5

1,418.51,558.41,624.91,685.51,673.8

1,768.31,803.61,838.21,829.1

Implicitprice

deflator(1987=

100)

12.5

12.111.09.79.5

10.3

10.610.611.210.910.8

11.011.712.312.512.6

13.316.718.720.019.9

20.221.321.522.022.2

22.923.624.424.9

Percent change frompreceding period

Currentdollars

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

- 4 . 117.1

11.114.49.8

- 6 . 57.0

10.225.026.821.39.7

1.0- .610.611.1- .4

10.715.55.45.8.2

9.05.45.21.4

1987dollars

- 8 . 9- 7 . 7 '

- 1 3 . 3- 2 . 1

7.7

7.714.24.3

- 4 . 07.9

7.818.220.019.98.4

- 4 . 0- 2 0 . 6

- 1 . 53.8.4

8.79.94.33.7

-.7

5.62.01.9

- .5

Im-plicitpricedefla-tor

- 3 . 2- 9 . 1

- 1 1 . 8- 2 . 1

8.4

2.9.0

5.7- 2 . 7- .9

1.96.45.11.6.8

5.625.612.07.0

- .5

1.55.4.9

2.3.9

3.23.13.42.0

Constant 1987 dollars

Per-sonalcon-

sumptionexpendi-

tures

554.5

520.0501.0456.6447.4461.1

487.6534.4554.6542.2568.7

595.2629.3628.7647.3671.2

714.6779.1793.3813.0831.4

874.3894.7923.4962.5987.3

1,047.01,078.71,104.41,122.2

Grossprivate

domesticinvest-ment

152.8

107.267.225.026.641.1

65.289.9

106.469.993.4

121.8149.481.453.559.8

82.6195.5198.8229.8187.4

256.4255.6231.6240.3234.1

284.8282.2266.9245.7

Netexports

1.9

- .3- 2 . 3- 2 . 4- 3 . 0- 1 . 0

- 7 . 2- 5 . 1- 1 . 9

4.24.6

8.22.8

- 1 1 . 1- 2 8 . 1- 2 9 . 0

- 2 3 . 926.541.916.617.3

3.211.12.3

- 7 . 1- 2 . 3

- 5 . 2- 1 . 2

1.6- 1 4 . 9

Gover-mentDur-

chases

112.6

122.0125.5120.5116.1131.4

135.7158.6152.2162.5174.0

180.7289.1586.0867.7968.0

829.4271.0218.8240.6269.3

284.5397.0467.6489.8454.7

441.7444.0465.3476.0

Disposablepersonalincome

Total

585.8

542.2519.7449.8437.0462.0

505.2565.9585.5547.6590.3

627.2713.9824.7863.8901.8

890.9860.0826.1872.9874.5

942.5978.2

1,009.71,053.51,071.5

1,130.81,185.21,214.61,236.0

Percapita(dol-lars)

4,807

4,4024,1863,6003,4773,652

3,9674,4154,5404,2134^05

4,7475,3526,1156,3176,516

6,3676,0835,7325,9535,862

6,2146,3406,4336,6036,598

6,8427,0467,0917,098

Savingas

percentof

dispos-able

person-in-

come1

3.0

2.52.1

- 3 . 1- 3 . 9- 1 . 1

2.34.44.0

32̂ 4

3.810.723.124.525.0

19.28.53.05.83.7

5.97.37.27.06.2

5.77.17.27.4

Popula-tion

(thou-sands) 2

121,878

123,188124,149124,949125,690126,485

127,362128,181128,961129,969131,028

132,122133,402134,860136,739138,397

139,928141,389144,126146,631149,188

151,684154,287156,954159,565162,391

165,275168,221171,274174,141

1 Percents based on data in millions of dollars.2 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960.


o


erp1993 appendixes 2

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