erp1967 appendixes 2

Appendix B

STATISTICAL TABLES RELATING TO INCOME,EMPLOYMENT, AND PRODUCTION

207Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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

CONTENTS

National income or expenditure: P a g e

B-l. Gross national product or expenditure, 1929-66 213B-2. Gross national product or expenditure, in 1958 prices, 1929-66 214B-3. Implicit price deflators for gross national product, 1929-66 216B-4. Gross national product by major type of product, 1929-66 218B-5. Gross national product by major type of product, in 1958 prices,

1929-66 219B-6. Gross national product: Receipts and expenditures by major economic

groups, 1929-66 220B-7. Gross national product by sector, 1929-66 222B-8. Gross national product by sector, in 1958 prices, 1929-66 223B-9. Personal consumption expenditures, 1929-66 224B-10. Gross private domestic investment, 1929-66 225B-l 1. National income by type of income, 1929-66 226B-l 2. Relation of gross national product and national income, 1929-66. .. . 227B-l 3. Relation of national income and personal income, 1929-66 228B-14. Disposition of personal income, 1929-66 229B-15. Sources of personal income, 1929-66 230B-l 6. Total and per capita disposable personal income and personal con-

sumption expenditures, in current and 1958 prices, 1929-66 232B-l 7. Number and money income of families and unrelated individuals,

1947-65 233B-18. Sources and uses of gross saving, 1929-66 234

Population, employment, wages, and productivity:B-l9. Population by age groups: Estimates, 1929-66, and projections,

1970-85 235B-20. Noninstitutional population and the labor force, 1929-66 236B21. Civilian employment and unemployment, by sex and age, 194766. . . 238B-22. Selected unemployment rates, 1948-66 239B-23. Unemployment by duration, 1947-66 240B-24. Unemployment insurance programs, selected data, 1940-66 241B-25. Number of wage and salary workers in nonagricultural establishments,

1929-66 242B-26. Average weekly hours of work in selected industries, 1929-66 244B-27. Average gross hourly earnings in selected industries, 1929-66 245B-28. Average gross weekly earnings in selected industries, 1929-66 246B-29. Average weekly hours and hourly earnings, gross and excluding over-

time, in manufacturing industries, 1939-66 247B-30. Average weekly earnings, gross and spendable, in manufacturing

industries, in current and 1957-59 prices, 1939-66 248B-31. Indexes of output per man-hour and related data, private economy,

1947-66 249


Production and business activity: P a g eB-32. Industrial production indexes, major industry divisions, 1929-66. . . . 250B-33. Industrial production indexes, market groupings, 1947-66 251B-34. Industrial production indexes, selected manufactures, 1947-66 252B-35. Manufacturing capacity, output, and utilization rate, 1948-66 253B-36. New construction activity, 1929-66 254B-37. New housing starts and applications for financing, 1929-66 256B-38. Business expenditures for new plant and equipment, 1939 and 1945-

67 258B-39. Sales and inventories in manufacturing and trade, 1947-66 259R-40. Manufacturers' shipments and inventories, 1947-66 260B-41. Manufacturers' new and unfilled orders, 1947-66 261

Prices:

B-42. Consumer price indexes, by major groups, 1929-66 262B-43. Consumer price indexes, by special groups, 1935-66 263B-44. Wholesale price indexes, by major commodity groups, 1929-66 264B-45. Wholesale price indexes, by stage of processing, 1947-66 266

Money supply, credit, and finance:

B-46. Money supply, 1947-66 , 268B-47. Selected liquid assets held by the public, 1946-66 269B-48. Financial saving by individuals, 1939-66 270B-49. Bank loans and investments, 1929-66 271B-50. Bond yields and interest rates, 1929-66 272B-51. Federal Reserve Bank credit and member bank reserves, 1929-66 274B-52. Short- and intermediate-term consumer credit outstanding, 1929-66.. 275B-53. Instalment credit extended and repaid, 1946-66 276B-54. Mortgage debt outstanding, by type of property and of financing,

1939-66 277B-55. Net public and private debt, 1929-66 278

Government finance:

B-56. U.S. Government debt, by kind of obligation, 1929-66 279B-57. Estimated ownership of U.S. Government obligations, 1939-66 280B-58. Average length and maturity distribution of marketable interest-bear-

ing public debt, 1946-66 281B-59. Federal administrative budget receipts by source and expenditures by

function, fiscal years 1939-68 282B^60. Federal administrative budget receipts and expenditures and the

public debt, 1929-68 284B-61. Government cash receipts from and payments to the public, 1946-68.. 285B-62. Government receipts and expenditures in the national income and

product accounts, 1929-66 286B-63. Federal Government receipts and expenditures in the national income

and product accounts, 1946-68 287B-64. Relation of three measures of Federal Government receipts and ex-

penditures, fiscal years 1964-68 288B-65. State and local government revenues and expenditures, selected fiscal

years, 1927-65 289

2 1 0


Corporate profits and finance: PageB-66. Profits before and after taxes, all private corporations, 1929-66 290B-67. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions (except newspapers), 1947-66 291B-68. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations (except newspapers), by industrygroup, 1947-66 292

B-69. Sources and uses of funds, nonfarm nonfinancial corporate business,1955-66 294

B-70. Current assets and liabilities of United States corporations, 1939-66. . 295B-71. State and municipal and corporate securities offered, 1934-66 296B-72. Common stock prices, earnings, and yields, and stock market credit,

1939-66 297B-73. Business formation and business failures, 1929-66 298

Agriculture:B-74. Income from agriculture, 1929-66 299B-75. Farm production indexes, 1929-66 300B-76. Farm population, employment, and productivity, 1929-66 301B-77. Indexes of prices received and prices paid by farmers, and parity ratio,

1929-66 302B-78. Selected measures of farm resources and inputs, 1929-66 304B -79. Comparative balance sheet of agriculture, 1929-67. 305

International statistics:B-80. United States balance of payments, 1947-66 306B-81. United States merchandise exports and imports, by commodity groups,

1958-66 308B**82. United States merchandise exports and imports, by area, 1960-66. . . 309fr-83. United States foreign assistance, by type and area, fiscal years 1946- 66. 310B-84. International reserves, 1949, 1953, and 1961-66 311B-85. United States gold stock and holdings of convertible foreign currencies

by U.S. monetary authorities, 1946-66 312B-86. Price changes in international trade, 1958-66 313B-87. Consumer price indexes in the United States and other major in-

dustrial countries, 1960-66 314

General NotesDetail in these tables will not necessarily add to totals because of rounding.Data for Alaska and Hawaii are not included unless specifically noted.Unless otherwise noted, all dollar figures are in current prices.

Symbols used:* Preliminary.

.. Not available (also, not applicable).* Amount insignificant in terms of the particular unit (e.g., less than

$50 million where unit is billions of dollars).


NATIONAL INCOME OR EXPENDITURETABLE B-l.Gross national product or expenditure, 7929-66

[Billions of dollars]

Year or quarter

1929

193019311932 ._193319341935193619371938 . -1939

194019411942 . .1943194419451946194719481949 . .

1950195119521953 . - .1954 - .195519561957 . . . .1958 - - .1959

196019611962196319641965 . _.1966 *

1964: IIIIII _. _.I V

1965: III.I l lIV

1966: IIIIII. .IV P

Totalgross

nationalproduct

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5631.7681.2739.5

Per-sonalcon-

sump-

expend-itures l

77.2

69.960.548.645.851.355.761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.4431.5465.0

Grossprivate

do-mesticinvest-ment 2

16.2

10.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.860.975.3

74.871.783.087.193.0

106.6116.5

Netexportsof goods

andserv-ices 3

1.1

1.0. 5. 4. 4.6. 1. 1. 3

1.31.1

1.71.3

- 2 . 0- 1 . 8

- . 67.5

11.56.46.1

1.83.72.2

. 41.82.04.05.72.2

. 1

4.05.65.15.98.57.04.9

Governr

Total

8.5

9.29.28.18.09.8

10.012.011.913.013.3

14.024.859.688.696.582.327.025.131.637.8

37.959.174.781.674.874.278.686.194.297.0

99.6107.6117.1122.5128.9136.2153.1

nent pure

Total

1.3

1.41.51.52.03.02.94.94.75.45.1

6.016.951.981.189.074.217.212.516.520.1

18.437.751.857.047.444.145.649.553.653.7

53.557.463.464.265.266.877.0

hases of g

Federal *

Nationaldefense5

oods and

Other

1.3

1.41.51.52.03.02.94.94.75.4

1.2

2.213.849.479.787.473.514.79.1

10.713.3

14.133.645.948.741.238.640.344.245.946.0

44.947.851.650.850.050.160.0

3.9

3.83.12.51.41.6.7

2.53.55.86.8

4.34.15.98.46.25.55.35.37.77.6

8.69.6

11.813.515.216.717.0

services

Stateandlocal

7.2

7.87.76.66.06.87.17.07.27.68.2

8.07.97.77.47.58.19.8

12.615.017.7

19.521.522.924.627.430.133.036.640.643.3

46.150.253.758.263.769.476.2

Seasonally adjusted annual rates

616.8627.7637.9644.2

660.8672.9686.5704.4

721.2732.3745.3759.1

391.1398.0407.5408.8

418.9426.8435.0445.2

455.6460.1469.9474.4

90.291.892.597.4

103.8103.7106.7111.9

114.5118.5115.0118.0

9.07.98.48.6

6.48.27.16.1

6.04.74.24.8

126.5130.1129.5129.4

131.6134.3137.7141.2

145.0149.0156.2161.9

64.966.665.164.1

64.465.667.569.8

71.974.079.082.5

50.151.649.848.5

48.249.150.752.5

54.657.162.065.5

14.815.115.315.6

16.216.516.817.3

17.416.917.017.0

61.663.464.465.3

67.368.770.271.4

73.175.077.279.4

1 See Table B-9 for major components.2 See Table B-10 for further detail and explanation of components.3 See Table B-6 for exports and imports separately.4 Net of Government sales.5 This category corresponds closely to the national defense classification in the Budget of the United States

Government for the Fiscal Year ending June SO, 1968.

NOTE.Data for Alaska and Hawaii included beginning 1960.

Source: Department of Commerce, Office of Business Economics.

213


TABLE B-2.Gross national product or expenditure, in 1958 prices, 1929-66

[Billions of dollars, 1958 prices]

Year orquarter

1929

1930193119321933193419351936193719381939

194019411942194310441945194619471948-1949

1950195119521953195419551956195719581959

196019611962196319641965-1966 v

1964: II I IIIIV...

1965: II I III...IV...

1966: II I IIIIV P..

Totalgrossna-

tionalprod-uct

203.6

183.5169.3144.2141.5154.3169.5193.0203.2192.9209.4

227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0580.0614.4647.7

569.7578.1585.0587.2

600.3607.8618.2631.2

640.5643.5649.9657.0

Personal consumptionexpenditures

Total

139.6

130.4126.1114.8112.8118.1125.5138.4143.1140.2148.2

155.7165.4161.4165.8171.4183.0203.5206.3210.8216.5

230.5232.8239.4250.8255.7274.2281.4288.2290.1307.3

316.1322.5338.4353.3373.8396.2415.5

365.7371.0379.5378.9

387.1392.2398.9406.5

412.8412.2418.3418.5

Dura-ble

goods

16.3

12.911.28.48.39.4

11.714.515.112.214.5

16.719.111.710.29.4

10.620.524.726.328.4

34.731.530.835.335.443.241.041.537.943.7

44.943.949.253.759.166.470.8

57.259.560.958.8

64.864.267.269.2

72.268.571.671.2

Non-dura-ble

goods

69.3

65.965.660.458.662.565.973.476.077.181.2

84.689.991.393.797.3

104.7110.8108.3108.7110.5

114.0116.5120.8124.4125.5131.7136.2138.7140.2146.8

149.6153.0158.2162.2170.5178.2185.9

Serv-ices

54.0

51.549.445.946.046.147.950.552.050.952.5

54.456.358.561.864.767.772.173.475.877.6

81.884.887.891.194.899.3

104.1108.0112.0116.8

121.6125.6131.1137.4144.2151.6158.7

Gross private domestic investment

Total

40.4

27.416.84.75.39.4

18.024.029.917.024.7

33.041.621.412.714.019.652.351.560.448.0

69.370.060.561.259.475.474.368.860.973.6

72.469.079.482.586.597.8

104.3

Fixed investment

Total

36.9

28.019.210.99.7

12.115.620.924.519.423.5

28.132.017.312.915.922.642.351.755.951.9

61.059.057.260.261.469.069.567.662.468.8

68.967.073.476.781.989.093.7

Nonresidential

Total

26.5

21.714.18.27.69.2

11.515.818.813.715.3

18.922.212.510.013.419.830.236.238.034.5

37.539.638.340.739.643.947.347.441.644.1

47.145.549.751.957.464.972.2

Struc-tures

13.9

11.87.54.43.33.64.05.47.15.65.9

6.88.14.62.93.85.7

12.511.612.311.9

12.714.113.714.915.216.218.518.216.616.2

17.417.417.917.918.921.723.5


167.2168.4173.3173.1

174.2177.6178.5182.5

184.1185.8187.1186.5

141.2143.1145.3146.9

148.1150.4153.1154.8

156.5157.9159.6160.9

84.685.685.790.2

95.995.397.9

102.2

103.5106.3102.5105.0

81.281.682.282.8

86.688.089.491.9

95.094.793.591.7

55.556.658.259.2

62.363.465.568.4

70.871.373.073.8

18.718.918.719.2

20.721.721.323.2

24.323.623.223.0

Pro-ducers'durableequip-ment

12.6

9.96.63.84.35.67.5

10.311.88.19.4

12.114.27.97.29.6

14.117.724.625.722.6

24.825.524.625.824.527.728.829.125.027.9

29.628.131.734.038.543.248.7

36.737.739.540.0

41.541.744.245.2

46.447.749.850.8

Resi-dentialstruc-tures

10.4

6.35.12.72.12.94.05.15.65.78.2

9.29.84.92.92.52.8

12.115.417.917.4

23.519.518.919.621.725.122.220.220.824.7

21.921.623.824.824.624.121.5

25.724.924.123.6

24.424.523.923.5

24.323.420.517.9

Changein busi-

nessinven-tories

3.5

- . 6- 2 . 4- 6 . 2- 4 . 3- 2 . 7

2.43.15.5

-2 .41.2

4.99.64.0

- . 2- 1 . 9- 2 . 910.0- . 24.6

- 3 . 9

8.310.93.3.9

- 2 . 06.44.81.2

- 1 . 54.8

3.52.06.05.84.68.8

10.6

3.54.03.57.4

9.37.38.5

10.2

8.511.69.1

13.2

See footnote at end of table.

214


TABLE B-2.Gross national product or expenditure, in 1958 prices, 1929-66Continued


Year or quarter

1929

19301931 _ . _19321933193419351936193719381939

1940194119421943194419451946194719481949

19501951195219531954195519561957 - . .19581959 . .

1960196119621963196419651966*

1964: IIIIIIIV

1965: I . .IIIIIIV

1966: III . _ . _IIIIV P

Net exports of goods and services

Netexports

1.5

1.4.9.6

.3-1 .0-1 .2- . 71.91.3

2.1.4

-2 .1-5.9-5 .8-3 .8

8.412.36.16.4

2.75.33.01.13.03.25.06.22.2.3

4.35.14.55.68.56.34.8

Exports

11.8

10.48.97.17.17.37.78.29.89.9

10.0

11.011.27.86.87.6

10.219.622.618.118.1

16.319.318.217.818.820.924.226.223.123.8

27.328.030.032.136.437.341.3

Imports

10.3

9.07.96.67.17.18.79.3

10.58.08.7

8.910.89.9

12.613.413.911.210.312.011.7

13.614.115.216.715.817.719.119.920.923.5

23.022.925.526.628.031.036.4

Government purchases of goods andservices

Total

22.0

24.325.424.223.326.627.031.830.833.935.2

36.456.3

117.1164.4181.7156.448.439.946.353.3

52.875.492.199.888.985.285.389.394.294.7

94.9100.5107.5109.6111.3114.1123.2

Federal i

3.5

4.04.34.66.08.07.9

12.211.513.312.5

15.036.298.9

147.8165.4139.730.119.123.727.6

25.347.463.870.056.850.749.751.753.652.5

51.454.660.059.557.857.864.1

State andlocal

18.5

20.221.119.617.318.619.219.619.420.622.7

21.420.118.316.616.316.718.420.822.725.7

27.527.928.429.732.134.435.637.640.642.2

43.545.947.550.153.456.359.1


9.28.28.48.0

5.77.16.46.0

5.94.64.24.7

36.135.736.737.1

33.438.738.438.7-

40.140.341.842.9

26.927.528.329.0

27.731.631.932.8

34.235.837.638.2

110.3113.3111.3110.1

111.5113.2115.0116.6

118.3120.4124.9128.8

58.259.757.456.1

56.257.358.359.3

60.461.965.568.2

52.053.653.954.0

55.355.956.757.3

57.958.559.460.6

1 Net of Government sales.



215


TABLE B-3.Implicit price deflators for gross national product, 1929-66

llndex numbers, 1958=100]

Year or quarter

1929

193019311932 . . _193319341935 . . -193619371938 1939

1940 .194119421943 . .1944194519461947 . _ . .19481949

195019511952...195319541955 -1956195719681959

1960 - - --19611962 .--19631964 .19651966*.

1964: III . . ._I l lIV

1965: I .-IIIIIIV. . . .

1966: IIIIIIIV*

Totalgrossationalprod-uct1

50.6

49.344.840.239.342.242.642.744.543.943.2

43.947.253.056.858.259.766.774.679.679.1

80.285.687.588.389.690.994.097.5

100.0101.6

103.3104.6105.8107.2108.9110.9114.2

108.3108.6109.1109.7

110.1110.7111.0111.6

112.6113.8114.7115.6

Personal consumption

Total

55.3

53.647.942.340.643.544.444.746.545.-645.1

45.548.754.859.963.265.470.577.982.381.7

82.988.690.591.792.592.894.897.7

100.0101.3

102.9103.9104.9106.1107.4108.9111.9

107.0107.3107.4107.9

108.2108.8109.0109.5

110.4111.8112.3113.4

expenditures

Dur-able

goods

56.4

55.349.143.241.944.743.743.645.846.746.0

46.550.459.364.271.575.976.882.786.386.8

87.894.295.494.392.991.994.998.4

100.0101.4

100.9100.6100.8100.4100.499.598.0

100.6100.5100.3100.1

100.5100.299.298.4

97.598.098.298.6

Non-durablegoods

54.5

51.644.137.738.042.744.544.846.444.043.2

43.847.755.662.566.268.774.383.688.585.6

86.093.394.393.994.293.694.997.7

100.099.9

101.2101.9102.8104.0104.9107.0110. d

104.6104.8104.9105.4

106.0106.7107.2107.9

109.6110.7111.2111.9

Serv-ices

56.1

55.752.748.343.644.344.445.046.847.747.7

47.949.852.755.357.558.762.767.972.174.3

76.380.083.687.790.092.094.697.3

100.0103.0

105.8107.6109.0110.9113.2115.3119.4

112.3112.9113.3114.0

114.3115.0115.5116.4

117.2118.7120.0121.6

Gross private domestic investment *

Fixed investment

Total

39.4

37.935.231.630.633.734.334.637.838.237.7

39.042.046.549.351.151.558.566.773.974.7

77.583.185.386.686.889.094.098.5

100.0102.6

103.4103.9104.9106.0107.8109.6112.1

106.7107.4108.1108.7

109.0109.2109.6110.4

111.1112.1112.5112.9

Nonresidential

Total

39.9

38.135.832.931.634.935.935.638.839.338.7

40.042.747.849.951.051.056.364.570.772.8

74.480.482.684.084.886.792.497.9

100.0102.2

102.9103.4104.1104.5105.8107.4109.8

104.8105.5106.1106.9

107.1107.1107.2108.0

108.8109.7110.0110.7

Struc-tures

35.7

34.031.127.627.928.930.630.234.433.933.1

33.936.441.346.848.649.254.464.471.571.2

72.979.383.284.986.088.193.498.6

100.0102.7

104.0105.6107.1108.9111.3114.4118.8

108.4110.6112.6113.6

113.7113.6114.6115.5

117.1118.3119.4120.4

Pro-ducers'durableequip-ment

44.6

43.041.139.134.538.838.738.541.443.042.2

43.446.351.551.151.951.757.564.670.373.6

75.280.982.283.584.085.991.897.5

100.0102.0

102.2102.1102.3102.3103.1103.8105.5

103.0102.9103.0103.6

103.8103.8103.6104.1

104.5105.4105.6106.3

Resi-dentialstruc-tures

38.1

37.133.627.327.130.129.831.334.335.535.7

36.940.343.347.051.654.959.771.780.878.5

82.588.690.891.990.492.997.499.8

100.0103.1

104.5105.0106.7108.9112.3115.5120.0

110.9111.9113.0113.4

113.8114.5116.4117.3

117.7119.6121.3122.2

See footnotes at end of table.

2 l 6


TABLE B-3.Implicit price deflators for gross national product, 1929-66Continued

[Index numbers, 1958=100]

Year or quarter

1929

19301931193219331934 . _ .193519361937 . .1938. - . .1939

19401941 - _194219431944194519461947 _ - _19481949

1950196119521953195419551956195719581959

1960196119621963196419651966 9

1964: I11I l lIV

1965: I11IIIIV

1966: I11IIIIV *

Exports and imports ofgoods and services 1

Exports

59.5

52.341.034.733.740.642.343.446.543.844.1

48.653.061.565.269.971.375.487.392.787.0

84.997.098.895.294.394.997.5

101.3100.098.8

99.9101.9100.8100.6101.5104.5103.9

101.0100.7101.4102.9

106.0104.7104.5103.9

103.9103.9103.9103.9

Imports

57.3

49.039.331.528.833.636.036.740.737.938.6

40.843.048.351.253.256.464.979.486.482.2

88.7107.2103.699.1

100.8100.6102.5104.0100.099.3

101.0100.198.599.5

101.9103.3104.2

101.9102.2101.6101.8

103.5102.2103.4104.2

104.2104.2104.2104.2

Government purchases of goodsand services

Total

38.6

37.936.333.434.536.837.037.638.438.337.9

38.544.050.953.953.152.655.862.968.171.0

71.878.581.081.884.187.192.196.4

100.0102.4

105.0107.1109.0111.8115.8119.4124.3

114.7114.8116.3117.5

118.0118.7119.7121.1

122.6123.7125.0125.8

Federal

36.0

34.134.531.933.137.437.040.540.740.540.8

40.246.652.554.953.853.157.365.669.873.0

72.979.481.281.483.586.991.795.8

100.0102.2

104.2105.2105.6108.0112.7115.7120.1

111.4111.6113.4114.3

114.4114.6115.8117.8

119.1119.6120.5121.0

State andlocal

39.1

38.736.633.835.036.637.035.937.136.836.3

37.339.242.344.646.148.653.260.466.468.9

70.876.980.682.885.387.592.797.3

100.0102.6

105.9109.4113.2116.3119.3123.2128.9

118.4118.3119.5120.8

121.6122.8123.7124.6

126.3128.0129.9131.1

Gross national productby sectors

Private 2

51.7

50.445.740.939.943.043.543.445.344.643.9

44.748.755.560.962.062.668.276.381.480.6

81.487.489.089.690.891.694.597.9

100.0101.4

102.8103.7104.7105.8107.1108.9111.7

106.6106.9107.2107.8

108.2108.8109.0109.4

110.3111.5112.2113.0

Generalgovernment

34.1

34.134.533.733.534.834.736.536.537.436.8

36.034.737.339.743.348.355.458.560.864.7

67.170.574.476.679.584.088.793.3

100.0104.2

108.6113.6116.6121.5128.1133.3140.7

126.5127.1128.7130.1

131.0131.8133.7136.5

138.6139.3141.6143.2

1 Separate deflators are not available for total gross private domestic investment, change in businessinventories, and net exports of goods and services.

2 Gross national product less compensation of general government employees. See also Tables B-7 andB-8.




TABLE B-4.Gross national product by major type of product, 1929-66


Year orquarter

Totalgrossna-

tionalprod-uct

Final Inven-torychange

Totalgoods

Goods output

Total

Final

Durable goods Nondurable goods

Total Finalsales |l Total FinalServ-ices

Struc-tures

1929

1930193119321933193419351936193719381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966*

1964: I IIIII.IV-

1965: I II-III..IV..

1966: I II-III.IV*

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.441.1447.3483.

503.520.1560.590.5631.681.739.5

101.4

90.777.060.57.265.871.81.287.985.690.1

97.5120.1156.:192.211.1213.0202.1231.8252.9259.6

278.0318.1342.4364.1366.392.0414.5439.8448.8478.9

500.2518.1554.3584.6627.0672.1728.1

1.7

- . 4- 1 . 1- 2 . 5- 1 . 6- . 71.11.32.5

- . 9.4

2.4.51.8

- . 6- 1 . 0- 1 . 0

6.4- . 54.7

- 3 . 1

6.810.33.1

6.04.71.3

- 1 . 54.8

3.62.06.05.94.79.1

11.

56.1

46.937.426.727.034.439.945.851.545.349.0

56.072.593.6

120.4132.3128.9124.9139.7154.2147.5

162.4189.7195.6204.1197.1216.4225.4234.6230.8249.1

259.6262.3284.5298.6318.344.7376.7

54.3

47.338.629.228.635.138.844.548.946.48.6

53.868.091.9

121.0133.3129.9118.5140.1149.4150.5

155.6179.4192.5203.7198.6210.220.7233.3232.244.4

256.0260.2278.5292.7313.6335.7365.

1.7

- . 4- 1 . 1- 2 . 5-rl.6. 71.11.32.5

9A

2.24.51.8

- . 6- 1 . 0- 1 . 0

6..54.7

- 3 . 1

6.810.33.1

6.04.71.

-1.54.8

3.62.06.5.94.79.1

11.

17.5

11.47.73.64.97.49.3

12.213.99.9

12.

16.626.835.554.257.948.936.946.048.47.8

73.74.679.72.185.790.394.483.695.6

99.596.5

109.0116.1125.5138.5154.9

16.1

12.59.05.75.47.38.9

11.13.110.812.4

15.423.834.554.258.550.231.644.348.049.9

56.366.873.578.574.682.787.593.186.4

97.496.6

106.113.3122.2132.2145.9

1.4

-1.0-1-2.0 5

.1

!9.8

- . 9.3

1.23.01.0

.6-1 .3

5.31.7

4.16.91.1.9

-2.53.02.81.3

- 2 . 82.3

2.1

2.'82.83.36.39.1

35.529.723.122.127.030.633.637.635.436.3

39.345.658.166.274.80.088.093.7

105.5

102.0116.0121.0124.8125.0130.7135.1140.2147.2153.6

160.1165.8175.5182.5192.7206.3221.8

38.2

34.829.623.623.227.829.933.335.835.436.2

38.444.257.466.874.879.786.995.9

101.5100.6

99.3112.6119.1125.2124.1127.7133.2140.2145.9151.1

158.6163.7172.2179.4191.3203. 5219.5

0.3

.1 4

-1.1- . 9

1.8

1.01.4

- . 6

1.1-2.24.0

-1.0

3.42.0

2.91.9

1.3

1.52.13.23.11.2.2.

35.6

34.31.27.525.27.128.331.032.33.234.0

35.440.350.362.571.876.568.070.275.780.8

87.0101.2110.8118.8123.5132.6142.3154.2163.4176.2

187.199.5213.3226.2244.5262.0

11.4

9.26.73.82.93.4.05.66.76.27.5

8.311.814.08.76.16.5

15.621.27.728.3

35.37.539.141.744.249.051.552.353.158.3

56.858.362.665.768.974.576.


616.8627.7637.9644.2

660.8672.9686.5704.4

721.2732.3745.3759.1

613.3623.5634.4636.8

651.4665.3677.8694.0

712.3720.0735.4744.7

3.54.23.67.4

9.57.68.7

10.4

8.912.39.9

14.4

310.7315.6322.4324.3

333.8338.8347.5358.8

366.0371.6379.6389.3

307.1311.4318.8316.9

324.3331.2338.8348.4

357.0359.3369.7374.9

3.54.23.67.4

9.57.68.7

10.4

8.912.39.9

14.4

121.9126.1127.8126.4

135.1135.2141.0142.6

147.6149.6158.1164.0

119.6122.4125.0122.0

127.7128.8134.3137.9

141.8140.6148.7152.1

2.33.62.84.4

7.46.46.74.7

5.89.09.5

11.9

188.8189.6194.6197.9

198.7203.6206.5216.2

218.4222.0221.4225.3

187.5189.0193.8195.0

196.6202.4204.4210.5

215.2218.7221.0222.8

1.2.5. 8

2.9

2.11.22.15.7

3.13.3

.52.4

237.3242.7247.1251.1

254.3259.8265.1268.8

275.5282.1289.9297.0

68.869.468.568.8

72.774.373.976.9

79.878.675.872.9




TABLE B-5.Gross national product by major type of product, in 1958 prices, 1929-66


Yearor

quarter

otalgrossna-ional?rod-uct

1929..

1930..1931..1932.1933.1934.1935.1936.1937.1938.

194019411942194319441945194619471948 . . .1949

1950 195119521953195419551956195719581959

1960 196119621963196419651966"

1964: IIII I I . . . . .IV

1965: IIII I I . . . .IV . . . .

1966: IIII I I . . . .

203.6

183.5169.3144.2141.5154.3169.5193.0203.2192.9209.4

227.2263.7297.8337.1361.3355.2312.6

19.9323.7324.1

355.3383.395.412.8407.0438.0446.452.5447.3475.9

487.7497.2529.8551.580.614.647.

'inalsales

200.1

184.1171.7150.5145.9157.0167.1

197.8195.3208.2

222.3254.1293.8337.3363.358.302.6310.1319.1328.1

347.0372.5391.8411.8409.0431.6441.2451.2448.8471.

484.2495.523.8

575.4605.6637.

Goods output

3.5

- . 6-2.4-6.2-4.3-2.7

2.43.15.5

-2.41.2

4.99.64.0

-2 .910.0

4! 6- 3 . 9

8.310.93.3.9

-2 .06.44.81.2

-1 .54.8

3.5

5.84.8.

10.

Total

Totalgoods

Finalsales

103.9

90.583.268.768.877.988.6

102.2110.2100.5110.7

124.0143.4158.1187.4204.8198.0172.1172.2178.4174.2

192.6208.4214.0225.4215.1236.1239.0239.8230.8247.7

256. C257.3277.289.7307.328.351.

100.4

91.185.774.973.280.586.299.1

104.8102.9109.5

119.0133.8154.1187.6206.7201.0162.1172.4173.8178.1

184.3197.5210.224.5217.1229.234.2238.5232.242.9

252.6255.3271.3283.9302.6319.340.

Total

3.5

- . 6-2 .4-6 .2-4 .3-2 .7

2.43.15.5

-2 .41.2

4.99.64.0

- . 2-1 .9-2 .910.0- . 24.6

-3 .9

8.310.93.3.9

- 2 . 06.44.81.

- 1 . 54.8

3.52.06.05.84.68.8

10.6

Durable goods

Finalsales

22.416.38.3

11.716.921.528.731.021.127.6

35.650.057.285.695.984.354.760.161.358.0

73.484.184.691.081.996.596.596.283.694.0

97.894.9

107.0114.2123.1135.5150.9

30.9

24.519.213.413.416.720.626.329.123.427.0

32.843.554.485.297.487.446.158.660.061.0

68.376.183.89.984.893.093.595.086.491.6

95.994.9

104.111.119.9129.4142.5

Total

2.7

2 .1 3 . 05 .11.7

.2

.92.41.9

2.3.6

2.76.62.9.4

-1.5-3.18.61.51.2

-3 .0

8.01.51.2

-3 .03.43.01.2

- 2 . 82.4

2.C

2.82.83.26.18.4

Nondurablegoods

Finalsales

70.4

68.067.060.457.161.067.173.579.279.483.0

88.493.4

100.9101.7108.8113.7117.4112.117.1116.:

119.1124.3129.4134.4133.2139.7142.5143.6147.2153.

158.2162.3170.3

,175.184.193.200.

69.5

66.566.561.559.863.865.672.875.779.582.5

86.290.399.7

102.4109.3113.6116.0113.8113.8117.1

116.0121.4127.6134.6132.3136.140.143.6145.9151.2

156.7160.3167.2172.5182.7190.3197.9

0.8

1.5.5

-1.1-2.7-2.8

1.5.7

3.6- . 1

.6

2.23.11.2

- . 6- . 4

.21.4

-1.73.3

- . 9

3.12.91.8

- . 2.9

3.01.8

*1.32.51.52.03.13.11.42.2.2

67.765.861.963.065.368.173.373.974.876.9

80.089.8

107.7131.8144.0144.3113.3106.5109.3112.4

117.5130.5136.3140.3141.8147.5153.0160.1163.4171.2

176.6184.0193.7200.9211.2221.1232.6

30.3

25.320.213.79.8

11.112.817.519.117.721.8

23.230.531.917.912.412.927.231.236.137.5

45.244.444.747.050.254.354.052.653.157.0

55.055.858.860.461.764.864.2

10.311.414.8

19.115.913.518.717.124.618.620.214.518.5

21.017.522.024.725.431.430.0


569.7578.1585.0587.2

600.3607.8618.2631.2

640.5643.5649.9657.0

566.3574.1581.4579.9

591.0600.5609.7621.0

632.0631.9640.8643.7

3.54.03.57.4

9.37.38.5

10.2

8.511.69.1

13.2

300.4305.1311.3311.9

319.7322.5330.9341.0

344.7346.7352.8359.7

296.9301.1307.8304.6

310.3315.2322.4330.7

336.2335.1343.7346.5

3.54.03.57.4

9.37.38.5

10.2

8.511.69.1

13.2

119.5123.7125.4123.9

131.8131.7138.3140.3

145.4146.0153.7158.4

117.3120.3122.6119.4

124.6125.5131.8135.7

139.9137.6145.1147.4

2.23.52.84.4

7.26.26.54.7

5.58.48.7

11.0

180.9181.4185.9188.1

187.8190.8192.6200.6

199.4200.8199.0201.3

179.6180.8185.1185.2

185.7189.6190.6195.1

196.3197.6198.6199.1

1.2.5.8

2.9

2.11.12.05.6

3.03.2.4

2.3

206.7210.4212.8214.6

216.6220.3223.3224.0

227.7230.9234.4237.3

62.662.660.860.6

64.065.064.066.2

68.066.062.860.0

26.026.226.722.9

32.230.631.930.7

32.229.128.530.1



219


TABLE B-6.Gross national product: Receipts and expenditures by major economic groups.1929-66


Year orquarter

1929..

1930..1931..1932..1933..1934..1935..1936..1937..1938..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 P.

1964: IIII I I . . . .I V . . . .

1965: IIIIII . . . .I V . . . .

1966: IIIIII .IV ___

Persons

Disposable personalincome

Total

83.3

74.564.048.745.552.458.566.371.265.570.3

75.792.7

116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6436.6469.1505.3

Less:Inter-est

paidand

trans-fer

pay-mentsto for-

eigners

1.9

1.2.9.7.7

1.01.1.8.8.8

1.01.41.82.22.4

2.93.13.54.34.65.15.96.46.57.1

7.88.18.69.7

10.711.913.4

EqualsTotal

exclud-ing in-terestand

trans-fers

81.4

73.363.148.044.951.757.865.570.364.669.4

74.791.6

116.1132.7145.5149.3158.6168.0186.9186.2

204.1223.5234.8248.3252.9270.2287.2302.2312.3330.3

342.3356.3376.6394.9425.8457.2491.9

Per-sonalcon-

sump-tionex-

pendi-tures

Per-sonal

savingor

dis-saving

77.2

60.548.645.851.355.761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.4431.5465.0

4.2

3.42.6

.42.13.63.8.7

2.6

3.811.027.633.437.329.615.27.3

13.49.4

13.117.318.218.316.415.820.620.722.319.1

17.021.221.619.924.525.726.9

Government

Net receipts

Taxandnon-taxre-

ceiptsor ac-cruals

11.3

10.89.58.99.3

10.511.412.915.415.015.4

17.725.032.649.251.253.260.956.858.956.0

68.784.889.894.389.7

100.4109.0115.6114.7128.9

139.8144.6157.0168.8174.2189.0212.2

Less:Trans-

fers,inter-est,andsub-

sidies 2

1.8

1.93.12.62.73.13.44.13.23.84.2

4.44.04.44.76.5

10.418.517.318.821.3

22.919.919.019.521.923.425.528.733.034.0

36.541.342.844.446.749.655.7

Equals:Netre-

ceipts

9.5

8.96.36.36.77.48.08.8

12.211.211.2

13.321.028.244.444.742.832.439.540.134.7

45.864.970.874.867.876.983.586.881.695.0

103.3103.3114.2124.3127.5139.4

156.5

Expenditures

Totalex-

pendi-tures

10.3

11.112.410.610.712.913.416.115.016.817.6

18.428.864.093.3

103.092.745.542.450.359.1

60.879.093.7

101.296.797.6

104.1114.9127.2131.0

136.1149.0159.9166.9175.6185.8208.7

Less:Trans-

fers,inter-est,andsub-

sidies a

1.8

1.93.12.62.73.13.44.13.23.84.2

4.44.04.44.76.5

10.418.517.318.821.3

22.919.919.019.521.923.425.528.733.034.0

36.541.342.844.446.749.655.7

Equals:Pur-

chasesof

goodsandserv-ices

8.5

9.29.28.18.09.8

10.012.011.913.013.3

14.024.859.688.696.582.327.025.131.637.8

37.959.174.781.674.874.278.686.194.297.0

99.6107.6117.1122.5128.9136.2153.1


423.4435.1441.2446.6

453.2461.0476.2486.1

495.1499.9507.8518.2

10.310.610.911.2

11.411.812.112.4

12.713.213.513.9

413.1424.5430.3435.4

441.8449.2464.1473.7

482.4486.7494.3504.3

391.1398.0407.5408.8

418.9426.8435.0445.2

455.6460.1469.9474.4

22.026.622.826.6

22.822.429.028.5

26.726.624.529.9

172.3170.8175.4178.3

186.5188.5188.6192.6

203.1209.5215.9

46.746.446.746.8

48.548.151.949.9

53.453.256.459.7

125.6124.4128.7131.5

138.0140.5136.7142.6

149.7156.3159.5

173.1176.5176.2176.2

180.1182.4189.6191.1

198.4202.2212.5221.6

46.746.446.746.8

48.548.151.949.9

53.453.256.459.7

126.5130.1129.5129.4

131.6134.3137.7141.2

145.0149.0156.2161.9


220


TABLE B-6.Gross national product: Receipts and expenditures by major economic groups,1929-G&Continued

[BiUions of dollars]

Yearor

quarter

Grossre-

tainedearn-ings1

1929.

1931.1932.

1934 _1935.

1937.1938.

1940. .1941 __1942. .1943. .1944..1945..1946. .1947..1948. .1949..

1950.19511952195319541955.1956195719581959

19601961.19621963.1964_19651966*.

1964: I_IIIII..IV- _

1965: I....IIIII-IV..

1966: I II...III..IVx_

Business

Grosspri-vate

domes-tic in-vest-ment 4

11.28.65.33.23.25.26.46.77.78.08.4

10.511.414.516.317.115.114.520.228.029.729.433.135.136.139.246.347.349.849.456.856.858.766.368.876.983.4

6 88.2

16.210.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.754.159.351.952.651.767.470.067.860.975.3

74.871.783.087.193.0

106.6116.5

Excessof in-vest-ment

Trans-fers to

for-eignersby per-

sonsandGov-ern-

ment

- 5 . 1- 1 . 6- . 32.21.81.9

*- 1 . 8- 4 . 0

1.6- . 9

- 2 . 7- 6 . 5

4.610.610.04.6

-16.1-13.8-18.0- 6 . 0

-24.7-26.2-16.8-16.5-12.5-21.1-22.8-18.1-11.5-18.5-18.0-13.0-16.8-18.4-16.0-23.128.3

International

0.4

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.3

.82.92.64.55.6

4.03.52.52.52.32.52.42.32.42.42.42.62.72.82.82.83.0

Net exports of goodsand services

Ex-ports

7.05.43.62.52.43.03.33.54.64.34.45.45.94.84.45.37.2

14.719.716.815.8

13.818.718.016.917.819.823.626.523.123.527.228.630.332.337.039.042.9

Less:Im-

ports

5.94.43.12.12.02.43.13.44.33.03.43.64.64.86.57.17.97.28.2

10.39.6

12.015.115.816.615.917.819.620.820.923.323.223.025.126.428.532.038.0

Equals:Netex-

ports

1.11.0.5.4.4.6.1.1.3

1.31.11.71.3

- 2 . 0-1 .8- . 67.5

11.56.46.1

1.83.72.2.4

1.82.04.05.72.2.1

4.05.65.15.98.57.04.9

Excessof

trans-fersor

of netex-

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

.1

.1. 1

- 1 . 1- . 9

- 1 . 5- 1 . 1

.22.22.11.4

- 4 . 6- 8 . 9- 1 . 9- . 52.2

- . 2.3

2.1.5.5

-1 .5- 3 . 4

.22.3

-1 .7-3 .0-2 .5- 3 . 1-5 .7- 4 . 21.9

Totalincomeor re-ceipts

Statis-ticaldis-

crep-ancy

102.491.275.157.755.064.572.581.390.584.189.298.7

124.1159.0193.6207.6208.0208.4230.4259.5256.2283.3325.1343.3361,6362.1395.9420.4441.1445.8484.5

504.8520.8559.8590.8633.1682.8

6 739.7

Grossna-

tionalprod-uct

or ex-pendi-

ture

0.7- . 8

.7

.3

.6

.5- . 21.2

.61.31.0.4

- 1 . 1- 2 . 0

2.53.9.1.9

- 2 . 0.3

1.53.32.23.02.72.1

- 1 . 1

1.6- . 8

-1 .0- . 8

.5- . 3

-1 .4-1 .662

Seasonally adjusted annual rates74.976.578.477.982.582.483.885.186.587.388.0

90.291.892.597.4

103.8103.7ioe 7111.9114.5118.5115.0118.0

-15.3-15.3-14.1-19.5-21.3-21.3-22.9-26.8-28.0-31.0-27.0

2.82.92.82.72.63.12.82.53.42.93.12.7

36.436.037.238.135.140.540.140.341.741.943.444.6

27.428.128.829.628.732.333.034.235.637.339.239.8

9.07.98.48.66.48.27.16.16.04.74.24.8

- 6 . 3- 5 . 0-5 .7-5 .9- 3 . 8-5 .1- 4 . 2-3 .5- 2 . 6- 1 . 8- 1 . 12.1

616.4628.3640.2647.5664.9675.0687.3704.0722.0733.2744.9

0.4- . 6

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

.4- . 8- . 9

.4

103.190.475.858.055.665.172.282.590.484.790.5

99.7124. 5157.9191.fi210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7503.7520.1560.3590.5631.7681.2739.5

616.8627.7637.9644.2660.8672.9686.5704.4721.2732.3745.3759.1

1 Personal income less personal tax and nontax payments (fines, penalties, etc.).3 Government transfer payments to persons, foreign net transfers by Government, net interest paid bygovernment, and subsidies less current surplus of government enterprises.8 Undistributed corporate profits, corporate inventory valuation adjustment, capital consumption allow-ances, and wage accruals less disbursements.4 Private business investment, purchases of capital goods by private nonprofit institutions, and residentialhousing. See Table B-10.5 Net foreign investment with sign changed.8 Data for corporate profits are approximations for the year as a whole; data for fourth quarter are notavailable. All other data incorporating or derived from these figures are correspondingly approximate

NOTE.Data for Alaska and Hawaii included beginning 1960.Source: Department of Commerce, Office of Business Economics.

221240-782 067- -15Digitized for FRASER

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

TABLE B-7.Gross national product by sector, 1929-66


Year orquarter

Totalgross

nationalproduct

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5631.7681.2739.5

Total

98.8

85.871.253.650.959.566.375.283.577.082.9

91.9115.1142.8166.0177.9176.8187.7214.6240.1237.0

263.9301.0314.3332.7332.4363.8382.6402.0405.2439.4

456.3469.2505.7532.4568.7613.4663.3

Total

95.1

82.468.351.348.957.464.172.981.074.580.3

89.1112.2139.5162.4173.8172.3182.7208.6233.5230.1

256.3292.8305.8323.6322.7352.9370.8389.3391.7425.0

440.7452.3487.4513.0547.4590.8639.3

Gross private product *

Business

Nonfarm2

85.4

74.862.046.844.352.757.166.572.767.974.0

82.6103.3126.5147.2158.5156.4163.9188.5210.2211.4

236.3269.9283.7303.3303.1334.1352.2370.9370.9405.3

420.2431.4466.2491.5527.0567.1614.5

Farm

9.7

7.76.34.54.64.77.06.48.36.66.3

6.58.9

13.015.315.315.918.820.223.318.8

20.022.922.220.319.618.818.618.420.819.6

20/520.921.221.520.423.824.8

House-holds

2.9

2.72.31.91.71.81.92.02.32.22.3

2.42.52.93.23.74.14.55.15.65.9

6.46.97.27.88.19.19.8

10.511.412.2

13.214.015.016.017.318.319.5

Rest ofthe world

0.8

. 7

.5

.4

.3

. 3

. 4

. 3

. 3

. 4

.3

.4

. 4

. 4

.4

. 4

.4

. 6

. 81.01.0

1.21.31.31.31.61.82.12.22.02.2

2.42.93.33.44.04.34.5

Grossgovern-ment

product3

1929..

1930..1931..1932..1933_.1934..1935..1936..1937..1938..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'

1964:

1965:

1966:

III

IV.".";

III

TV'".Ij

I I . .III.IV P


616.8627.7637.9644.2

660.8672.9686.5704.4

721.2732.3745.3759.1

555.5565.5574.2579.4

595.2606.4618.2633.8

648.4657.6667.7679.3

534.6544.1552.6558.2

573.0583.6595.3611.2

624.9634.0643.5654.8

513.8523.4532.5538.0

551.6559.4570.6586.6

599.3609.0619.1630.5

20.720.720.120.2

21.424.224.724.7

25.725.024.424.3

16.717.317.617.4

17.518.018.719.1

19.119.119.720.0

4.24.04.03.8

4.74.84.13.4

4.44.44.64.5

4.3

4.54.74.44.75.65.97.36.97.67.6

7.89.4

15.125.632.235.220.816.717.419.4

20.927.431.231.932.534.236.639.142.144.3

47.550.954.758.163.067.876.2

61.362.363.764.8

65.666.668.370.6

72.874.777.679.9

1 Gross national product less compensation of general government employees.2 Includes compensation of employees in government enterprises. Government enterprises are thoseagencies of government whose operating costs are at least to a substantial extent covered by the sale of goodsand services, in contrast to the general activities of government which are financed mainly by tax revenuesand debt creation. Government enterprises, in other words, conduct operations essentially commercial incharacter, even though they perform them under governmental auspices. The Post Office and public powersystems are typical examples of government enterprises. On the other hand, State universities and publicparks, where the fees and admissions cover only a nominal part of operating costs, are part of generalgovernment activities.

3 Compensation of general government employees.NOTE.Data for Alaska and Hawaii included beginning 1960.Source: Department of Commerce, Office of Business Economics.


TABLE B-S.Gross national product by sector, in 1958 prices, 1929-66


Year orquarter

1929.

1930.1931.1932.1933.1934.1935.1936.1937.19381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966

1964:IIIIIIV

1965: I.IIIIIIV

1966: I.IIIII

Totalgross

nationalproduct

203.6

183.5169.3144.2141.5154.3169.5193.0203.2192.9209.4

227.2263.7297.8337.1361.3355.2312.6309.9323.7324.1

355.3383.4395.1412.8407.0438.0446.1452.5447.3475.9

487.7497.2529.8551.0580.0614.4647.7

Gross private product]

Total

569.7578.1585.0587.2

600.3607.8618.2631.2

640.5643.5649.9657.0

190.9

170.1155.8131.0127.5138.3152.4173.1184.3172.6188.7

205.6236.6257.3272.8286.9282.5275.1281.4295.0294.1

324.2344.6353.2371.1366.2397.2404.8410.5405.2433.4

444.0452.3482.9503.2530.8563.5593.5

Business

Total Nonfarm 2 Farm

182.1

161.4147.7123.8120.6131.1144.9165.4176.4164.6180.7

197.1228.1248.7264.9278.9274.6267.0272.8286.0284.7

314.2334.5343.2360.7355.4385.4392.2397.5391.7419.4

429.5436.9466.7486.6513.3545.4574.8

165.1

145.4129.21C5.8103.0116.6128.4150.5158.5146.8162.5

179.6209.3228.0245.3259.5256.5248.6255.8267.0266.2

294.9316.2324.2340.7335.0364.4371.4377.2370.9398.3

407.6414.8444.6463.8491.2521.7552.2

17.0

16.118.518.017.514.616.514.917.917.818.2

17.518.820.619.619.418.118.517.019.018.4

19.418.419.020.020.420.920.820.320.821.1

21.922.222.122.822.023.822.6

House-holds

7.4

7.16.66.05.76.26.46.87.16.87.1

7.67.57.87.27.17.17.17.57.98.2

8.78.88.89.19.2

10.110.610.911.411.7

12.212.412.913.213.614.014.4

Rest ofthe world


521.3529.1535.4537.4

550.2557.3567.2579.4

588.0589.9595.1601.2

503.9511.5517.6520.0

532.2538.9548.9561.6

569.4571.4576.2582.2

482.2488.8495.8497.9

509.4515.1524.6537.5

546.4548.4554.5559.4

21.722.621.822.0

22.823.824.324.1

23.022.921.722.8

13.213.713.913.7

13.413.714.214.5

14.314.214.514.6

1.4

1.61.41.31.21.01.11.0.8

1.1

1.0

1.11.21.2

1.31.21.21.31.61.82.02.12.02.2

2.32.93.43.43.94.14.4

Grossgovern-ment

product3

12.7

13.313.513.214.016.017.119.918.920.420.6

21.627.240.564.374.472.837.528.628.730.1

31.138.841.841.740.940.741.341.942.142.5

43.744.846.947.849.250.954.2

4.14.03.93.7

4.64.64.03.3

4.34.34.44.3

48.549.049.549.8

50.150.551.151.8

52.553.654.855.8

1 Gross national product less compensation of general government employees.2 Includes compensation of employees in government enterprises. Government enterprises are those

agencies of government whose operating costs are at least to a substantial extent covered by the sale of goodsand services, in contrast to the general activities of government which are financed mainly by tax revenuesand debt creation. Government enterprises, in other words, conduct operations essentially commercialin character, even though they perform them under governmental auspices. The Post Office and publicpower systems are typical examples of government enterprises. On the other hand, State universities andpublic parks, where the fees and admissions cover only a nominal part of operating costs, are part of generalgovernment activities.

3 Compensation of general government employees.




TABLE B-9.Personal consumption expenditures, 1929-66


Yearor

quarter

1929

19301931193219331934.. . .1935.. . .1936193719381939

194019411942.. . .1943194419451946194719481949

1950.1951... .1952.1953... .1954.1955..__1956....195719581959

I960 . - .1961.19621963196419651966 v

1964:1II . . .III. .IV. .

1965:1.---II-.-I I I -IV .

1966: I II-.-III-IV v.

3*2

77.2

69.960.548.645.851.355.761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.4431.5465.0

Durable goods

9.2

7.25.53.63.54.25.16.36.95.76.7

7.8

6.78.0

15.820.422.724.6

30.529.629.333.232.839.638.940.837.944.3

45.344.249.553.959.466.169.4

3.2

2.21.6.9

1.11.41.92.32.41.62.2

2.73.4.7.8.8

1.04.06.27.59.9

13.111.611.114.213.618.416.418.315.419.5

20.118.422.024.325.829.830.0

4.8

3.93.12.11.92.22.63.23.63.13.5

3.94.94.73.93.84.68.6

10.911.911.6

14.114.414.314.915.016.617.517.317.118.9

18.919.320.522.225.127.130.1

Nondurable goods

37.7

34.029.022.722.326.729.332.935.234.035.1

37.042.950.858.664.371.982.490.596.294.5

98.1108.8114.0116.8118.3123.3129.3135.6140.2146.6

151.3155.9162.6168.6178.9190.6206.1

19.5

18.014.711.410.912.213.615.316.515.615.7

16.619.223.327.429.933.239.043.746.344.8

46.052.154.755.556.558.160.463.966.668.4

70.172.174.476.580.485.491.3

9.4

8.06.95.14.65.76.06.66.86.87.1

7.48.8

11.013.414.416.518.218.820.119.3

19.621.221.922.122.123.124.124.324.726.4

27.327.929.630.633. 635.940.0

1.8

1.71.51.51.51.61.71.92.12.12.2

2.32.62.11.31.61.83.03.64.45.0

5.46.16.87.78.29.09.8

10.611.011.6

12.312.412.913.514.115.116.0

7.0

6.35.74.85.37.27.99.19.89.5

10.1

10.712.214.416.518.420.522.124.425.425.4

27.129.330.531.631.533.134.936.737.940.2

41.643.545.748.050.854.1

Services

30.3

28.726.022.220.120.421.322.824.424.325.0

26.028.130.834.237.239.845.349.854.757.6

62.467.973.479.985.491.498.5

105.0112.0120.3

128.7135.1143.0152.4163.1174.8

1.5

11.5

11.010.39.07.97.67.78.08.58.99.1

9.410.211.011.512.012.513.915.717.519.3

21.323.926.529.331.733.736.038.541.143.7

46.348.752.055.459.263.267.7

4.0

3.93.53.02.83.03.23.43.73.63.8

4.04.34.85.25.96.46.87.58.18.5

9.510.411.112.012.614.015.216.217.318.5

20.020.822.023.124.325.627.2

2.6

2.21.91.61.51.61.71.92.01.92.0

2.12.42.73.43.74.05.05.35.85.9

6.26.77.17.87.98.28.69.09.3

10.1

10.810.611.011.411.812.814.0


391.1398.0407.5408.8

418.9426.8435.0445.2

455.6460.1469.9474.4

57.659.861.158.9

65.164.466.768.0

70.367.170.270.1

25.326.027.124.6

30.129.230.229.9

31.428.530.130.0

24.125.425.325.7

26.026.227.328.8

29.629.230.731.0

8.28.48.78.5

9.09.09.29.3

9.39.39.49.2

174. 9176.5181.7182.4

184.5189.4191.4197.0

201.9205.6208.1208.7

78.579.781.481.8

82.784.885.788.5

89.991.291.892.3

32.832.734.334.4

34.635.636.037.5

39.439.741.139.9

13.913.914.214.4

14.415.215.315.7

15.816.116.116.1

49.650.151.851.7

52.853.854.455.3

56.758.659.260.4

158.7161.6164.7167.5

169.3173.0176.9180. 2

183. 4187.4191.5195.6

57.758.759.660.7

61.662.763.664.7

66.067.168.269.5

23.824.224.724.7

24.725.426.026.3

26.527.127.627.8

11.711.711.912.1

12.212.713.013.4

13.513.914.214.5

1 Quarterly data are estimates by Council of Economic Advisers.2 Includes standard clothing issued to military personnel.3 Includes imputed rental value of owner-occupied dwellings.


Source: Department of Commerce, Office of Business Economics (except as noted).


TABLE B-10.Gross private domestic investment, 1929-66


Year orquarter

privatedomesticinvest-ment

Total

Fixed investment

Total

Nonresidential

Total

Structures

Total Non-farm

Producers'durable

equipment

Total Non-farm

Residential structures

Total Non-farm Farm

Change inbusiness

inventories

Total Non-farm

1929-

1930..1931-1932..1933-1934..1935-1936-1937-1938-1939-

1940-1 9 4 1 -1942..1943-1944..1 9 4 5 -1946-1947-1948-1949-

1950-1951-1952_.1953-1954-1955..1956-1957-1958..1959..

I960-1961-1962..1963..1964...1965...1966 P.

1964: II IIII...IV...

1965: II IIII...IV...

1966: III

IV K".

16.2

10.35.61.01.43.36.48.5

11.86.59.3

13.117.99.85.77.1

10.630.634.046.035.7

54.159.351.952.651.767.470.067.860.975.3

74.871.783.087.193.0

106.6116.5

90.291.892.597.4

103.8103.7106.7111.9

114. 5118.5115. 0118.0

14.5

10.66.83.43.04.15.37.29.27.48.9

11.013.48.16.48.1

11.624.234.441.338.8

47.349.048.852.153.361.465.366.562.470.5

71.369.777.081.388.397.5

105.1

10.6

8.35.02.72.43.24.15.67.35.45.9

7.59.56.05.06.8

10.117.023.426.925.1

27.931.831.634.233.638.143.746.441.645.1

48.447.051.754.360.769.779.3

5.0

4.02.31.2.9

1.01.21.62.41.92.0

2.32.91.91.31.82.86.87.58.88.5

9.211.211.412.713.114.317.218.016.616.7

18.118.419.219.521.024.927.9

4.8

3.92.31.2.9

1.01.21.62.41.81.9

2.22.81.81.21.72.76.16.78.07.7

8.510.410.511.912.313.616.517.215.815.9

17.417.718.518.820.324.227.3

5.6

4.32.71.51.52.22.94.04.93.54.0

5.36.64.13.75.07.3

10.215.918.116.6

18.720.720.221.520.623.826.528.425.028.4

30.328.632.534.839.744.851.4

4.9

3.72.41.31.31.82.43.34.12.93.4

4.65.63.53.24.26.39.2

14.015.513.7

15.717.717.618.618.021.224.225.922.025.4

27.725.829.431.235.940.646.2

4.0

2.31.7.7

1.21.61.92.02.9

3.43.92.11.41.31.57.2

11.114.413.7

19.417.217.218.019.723.321.620.220.825.5

22.822.625.327.027.627.825.8

3.8

2.21.6.7.5.8

1.11.51.81.92.8

3.23.71.91.21.11.46.7

10.413.612.8

18.616.416.417.219.022.720.919.520.124.8

22.222.024.826.427.027.225.3

0.2 1.7

- . 4- 1 . 1- 2 . 5- 1 . 6- . 71.11.32.5

- . 9.4

2.24.51.8

- . 6- 1 . 0- 1 . 0

6.4- . 54.7

- 3 . 1

6.810.33.1.4

- 1 . 56.04.71.3

- 1 . 54.8

3.62.06.05.94.79.1

11.4


86.687.688.990.0

94.496.098.0

101.5

105.6106.2105.1103.6

58.159.761.763.3

66.767.970.273.9

77.078.280.381.7

20.320.921.021.8

23.624.624.426.8

28.527.927.727.6

19.620.220.321.2

22.924.023.826.1

27.827.227.027.0

37.938.840.741.4

43.143.345.847.1

48.550.352.654.1

34.035.236.937.7

39.339.441.342.3

43.745.447.548.2

28.527.927.226.7

27.728.127.827.6

28.628.024.821.9

27.927.326.626.2

27.227.527.327.0

28.027.424.321.3

0.6.6.6. 6

.6

.6

. 5

. 5

. 5

. 6

.6

.6

3.54.23.67.4

9.57.68.7

10.4

8.912.39.9

14.4

1.8

- . 1-1 .6-2 .6-1 .4

.2

.42.11.7

- 1 . 0.3

1.94.0

.7- . 6- . 6- . 66.41.33.0

-2 .2

6.09.12.11.1

- 2 . 15.55.1.8

- 2 . 34.8

3.31.75.35.15.38.1

11.7

3.65.14.67.9

9.46.77.29.0

8.512.110.415.6




TABLE B-l 1.National income by type of income, 1929-66


Year orquarter

Totalna-

tionalin-

come1

Compensation ofemployees

Total

51.146.839.831.129.534.337.342.947.945.048.152.164.885.3

109.5121.2123.1117.9128.9141.1141.0154.6180.7195.3209.1208.0224.5243.1256.0257.8279.1294.2302.6323.6341.0365.7392.9433.3

Wagesandsala-ries

50.446.239.130.529.033.736.741.946.143.045.949.862.182.1

105.8116.7117.5112.0123.0135.4134.5146.8171.1185.1198.3196.5211.3227.8238.7239.9258.2270.8278.1296.1311.1333.6358.4392.3

Sup-ple-

mentsto

wagesandsala-

Total

Business and pro-fessional incomeand inventory

valuationadjustment

In-come

ofunin-corpo-ratedenter-prises

Inven-toryvalu-ation

adjust-ment

In-come

offarmpro-prie-tors3

Rentalin-

comeof

per-sons Total

Corporate profitsand inventory

valuationadjustment

Corpo-rate

profitsbeforetaxes4

Inven-toryvalu-ation

adjust-ment

Netinter-est

1929...1930...1931...1932...1933...1934...1935...1936...1937...1938...1939...

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

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

1960...1961...1962...1963-..1964.-.1965.-.1966 ..

86.875.459.742.840.349.557.265.073.667.472.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0414.5427.3457.7481.9517.3559.0

609.7

0.7

.7

.5

.6

.61.01.82.02.22.32.73.23.84.55.65.95.95.86.5

7.89.6

10.210.911.513.215.217.317.920.9

23.424.627.529.932.034.541.0

9.07.65 83.63.34.75.56.77.26.97.4

8.611.114.017.018.219.221.620.322.722.6

24.026.127.127.527.630.331.332.833.235.134.235.637.137.939.940.741.8

8.86.85.13.33.94.85.56.87.26.77.6

11.714.417.118.319.323.321.823.122.2

25.126.526.927.627.630.531.833.133.235.334.335.637.137.939.941.042.2

0.1

- . 1*

.2- . 2

- . 4- . 2- . 1- . 1

-1 .7- 1 . 5- . 4

.5- 1 . 1- . 3

.2- . 2

_ o-'.5- . 3- . 1- . 1

- . 4- . 4

6.2

4.33.42.12.63.05.34.36.04.44.4

4.56.49.8

11.711.612.214.915.217.512.7

13.515.815.013.012.411.411.411.313.411.412.012.813.013.112.015.116.0

5.44.83.82.72.01.71.71.82.12.62.7

2.93.54.55.15.45.66.67.18.08.4

9.410.311.512.713.613.914.314.815.415.615.816.016.717.117.718.318.9

10.57.02.0

-1 .3-1.2

1.73.45.66.84.96.3

9.815.220.324.423.819.219.325.633.030.8

37.742.739.939.638.046.946.145.641.151.749.950.355.758.966.674.279.8

10.03.7

- . 4-2 .3

1.02.33.66.36.84.07.0

10.017.721.525.124.119.724.631.535.228.9

42.643.938.940.638.348.648.847.241.452.149.750.355.459.467.075.781.8

0.53.32.41.0

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

1.0- . 7- . 2

-2.5-1.2- . 8- . 3- . 6

-5 .3-5.9-2.2

1.9-5.0-1.2

1.0-1.0- . 3

-1.7-2 .7-1.5- . 3- . 5

.2- . 1

.3

- . 4-1.5-2 .0


1964: II I . . . .I I I . . .IV.. .

1965: II I . . . .III . . .IV.. .

1966: III . . . .III. . .IV.

504.0513.7522.9528.5

543.3552.2562.7577.8595.7604.1613.8

355.3362.2369.8375.3381.7387.8395.6406.5

419.6427.9438.3447.5

324.4330.6337.4342.2348.2353.7360.8370.8380.0387.4396.7405.0

31.031.732.433.133.534.134.835.739.640.541.542.5

39.139.940.340.340.540.440.741.141.441.641.942.2

39.140.240.340.2

40.640.941.041.7

42.042.242.442.2

- 0 . 2- . 1

.1

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

*

12.212.211.711.912.915.516.016.017. G16.315.415.2

17.417.617.817.9

18.118.318.418.5

18.718.818.919.1

65.366.567.866.873.272.774.076.980.079.979.1

65.866.867.867.774.574.575.078.782.782.881.9

-0 .5- . 3

*- . 9

-1 .3-1 .8-1 .0-1 .8

-2.8-2.9-2 .8

.5

4.74.95.04.64.14.14.13.83.73.63.53.33.23.12.72.32.21.51.91.81.9

2.02.32.62.83.64.14.65.66.87.18.4

10.011.613.815.517.820.0

14.715.115.716.316.917.518.118.719.119.620.221.0

1 National income is the total net income earned in production. It differs from gross national productmainly in that it excludes depreciation charges and other allowances for business and institutional con-sumption of durable capital goods, and indirect business taxes. See Table B-12.

2 Employer contributions for social insurance and to private pension, health, and welfare funds; compensa-tion for injuries; directors' fees; pay of the military reserve; and a few other minor items.

3 Excludes income resulting from net reductions of farm inventories and gives credit in computing in-come to net additions to farm inventories during the period.

4 See Table B-66 for corporate tax liability and profits after taxes.5 Data for corporate profits are approximations for the year as a whole; data for fourth quarter are not

available. All other data incorporating or derived from these figures are correspondingly approximate.NOTE.Data for Alaska and Hawaii included beginning 1960.Source: Department of Commerce, Office of Business Economics.

226


TABLE B-12.Relation of gross national product and national income, 1929-66


Year or quarterGrossna-

tionalprod-uct

103.1

90.475.858.055.665.172.282.590.484.790.5

99.7124.5157.9191.6210.1211.9208.5231.3257.6256.5

284.8328.4345.5364.6364.8398.0419.2441.1447.3483.7

503.7520.1560.3590.5631.7681.2739.5

Less:Capital

con-sump-tion

allow-ances

7.9

8.07.97.47.06.86.97.07.27.37.3

7.58.29.8

10.211.011.39.9

12.214.516.6

18.321.223.225.728.231.534.137.138.941.4

43.445.250.052.656.059.663.1

Equals:Netna-

prod-

uct

95.2

82.468.050.748.658.265.475.483.377.483.2

92.2116.3148.1181.3199.1200.7198.6219.1243.1239.9

266.4307.2322.3338.9336.6366.5385.2404.0408.4442.3

460.3474.9510.4537.9575.7621.6676.4

Plus:Sub-sidiesless

currentsurplusof gov-

ern-mententer-prises

- 0 . 1

- . 1***

. 3

.4*

. 1

. 2

. 5

. 4

. 1

. 2

. 2

. 7

. 8

. 9- . 2- . 1

i

. 2

.2- . 1- . 4- . 2- . 1

.8

. 9

. 9

. 1

. 21.41.4

. 81.31.01.3

Less:

Indirect business taxes

Total

7.0

7.26.96.87.17.88.28.79.29.29.4

10.011.311.812.714.115.517.118.420.121.3

23.325.227.629.629.432.134.937.338.541.5

45.247.751.554.758.562.765.5

Fed-eral

1.2

1.0. 9. 9

1.62.22.22.32.42.22.3

2.63.64.04.96.27.17.87.88.08.0

8.99.4

10.310.99.7

10.711.211.811.512.5

13.513.614.615.316.216.816.0

Stateandlocal

5.8

6.16.05.85.45.66.06.46.86.97.0

7.47.77.77.88.08.49.3

10.612.113.3

14.515.817.318.719.721.423.625.527.028.9

31.734.136.939.442.345.849.5

Busi-ness

transferpay-

ments

0.6

. 5

. 6

. 7

. 7

. 6

. 6

.6

.6

. 4

. 5

. 4

. 5

. 5

. 5

. 5

. 5

. 5

.6

. 7

. 8

. 8

. 91.01.2L.IL.2L.4L.5L.6L.7

1.92.02.12.32.52.651.6

Sta-tistical

dis-crep-ancy

0.7

- . 8. 7. 3. 6. 5

- . 21.2

*. 6

1.3

1.0. 4

- 1 . 1- 2 . 0

2.53.9

. 1

. 9- 2 . 0

. 3

1.53.32.23.02.72.1

- 1 . 1*

1.6- . 8

- 1 . 0- . 8

. 5- . 3

- 1 . 4-1 .6

l _ # 2

Equals:Na-

tionalincome

1929

1930193119321933193419351936193719381939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966

1964: I_IIIII_-_IV

1965: IIIIII___.IV____

1966: IIIIII____IV P

\

86.8

75.459.742.840.349.557.265.073.667.472.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9517.3559.0

1609.7


616.8627.7637.9644.2

660.8672.9686.5704.4

721.2732.3745.3759.1

54.655.556.657.5

58.259.160.260.8

61.662.763.764.6

562.2572.2581.4586.6

602.7613.8626.3643.6

659.7669.6681.6694.6

1.01.31.41.4

1.21.0. 9.9

. 8

. 91.51.8

56.457.959.560.2

62.062.262.763.6

63.064.766.368.1

15.516.116.616.5

17.516.816.316.7

15.216.116.216.5

40.841.942.943.7

44.645.446.447.0

47.848.750.051.6

2.42.52.62.6

2.62.52.52.6

2.62.62.62.6

0.4- . 6

- 2 . 3- 3 . 3

- 4 . 1- 2 . 1

- . 8.4

- . 8- . 9

.4

504.0513.7522.9528.5

543.3552.2562.7577.8

595.7604.1613.8

1 Data for corporate profits are approximations for the year as a whole; data for fourth quarter are notavailable. All other data incorporating or derived from these figures are correspondingly approximate.




TABLE B-13.Relation of national income and personal income, 1929-66


Year or quarter

1929 -

1930193119321933193419351936193719381939

194019411942194319441945194619471948 .1949

19501951 - . - .195219531954 __19551956195719581959

I960 .1961196219631964 -__19651966 P

1964: IIIIIIIV

1965' III -.- .IIIIV

1966: IIIIIIIV p

Nationalincome

86.8

75.459.742.840.349.557.265.073.667.472.6

81.1104.2137.1170.3182.6181.5181.9199.0224.2217.5

241.1278.0291.4304.7303.1331.0350.8366.1367.8400.0

414.5427.3457.7481.9517.3559.0

1609.7

504.0513.7522.9528.5

543.3552.2562.7577.8

595.7604.1613.8

Less:

Corpo-rate

profitsand in-

ven-toryvalu-ationad-just-ment

10.5

7.02.0

- 1 . 3- 1 . 2

1.73.45.66.84.96.3

9.815.220.324.423.819.219.325.633.030.8

37.742.739.939.638.046.946.145.641.151.7

49.950.355.758.966.674.2

65.366.567.866.8

73.272.774.076.9

80.079.979.1

Contri-butions

forsocialinsur-ance

0.2

.3

.3

.3

.3

.3

.3

.61.82.02.1

2.32.83.54.55.26.16.05.75.25.7

6.98.28.78.89.8

11.112.614.514.817.6

20.721.424.026.928.029.237.8

Wageac-

crualslessdis-

burse-ments

*

*

*

**

**

*

0 2- . 2

**

**

*.1*

- . 1**

**

****

*

Plus:

Gov-ern-menttrans-

fer pay-mentsto per-

sons

0.9

1.02.11.41.51.61.82.91.92.42.5

2.72.62.62.53.15.6

10.811.110.511.6

14.311.512.012.814.916.117.119.924.124.9

26.630.431.233.034.237.141.9

Inter-est

paidby

gov-ern-

ment(net)

and bycon-

sumers

2.5

1.81.81.71.61.71.71.71.91.91.9

2.12.22.22.63.34.25.25.56.16.5

7.27.68.19.09.5

10.111.212.012.113.6

15.115.016.117.619.120.622.8

Divi-dends

5.8

5.54.12 52.02.62 84.5

4.73.23.8

4.04.44.34.44.64.65.66.37.07.2

8.88.68.68.99.3

10.511.311.711.612.6

13.413.815.216.517.319.220.9


27.427.728.228.6

28.829.029.229.8

36.537.038.539.3

0.1- . 1

*

**

34.633.934.134.4

36.035.239.437.9

40.040.142.345.3

18.618.919.419.6

20.020.520.921.0

21.922.523.023.8

17.117.317.417.7

18.118.819.520.2

20.921.121.120.7

Busi-ness

trans-fer

pay-ments

0.6

.5

.67

.7

.6

.6

.6

.6

.4

.5

.4

.5

.5

.5

.5

.5

.5

.6

.7

. 8

. 8

. 91.01.2

]

1

L.4567

1.92.02.12.32.52.62.6

2.42.52.62.6

2.62.52.52.6

2.62.62.62.6

Equals:

Per-sonalin-

come

85.9

77.065.950 247.054.060 468.674.168 372.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5496.0535.1580.4

484.0492.0500.3507.5

518.0527.6541.9552.8

564.6573.5585.2598.1

1 Data for corporate profits are approximations for the year as a whole; data for fourth quarter are notavailable. All other data incorporating or derived from these figures are correspondingly approximate.

NOTE.Data for Alaska and Hawaii included beginning 1960.Source: Department of Commerce, Office of Business Economics.

228


TABLE B-14.Disposition of personal income, 7920-66

Year orquarter

1929 _

1930.1931.1932.1933.1934.1935.1936..1937.1938.

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

1950.1951.1952.1953.1954.1955.1956.1957.1958.1959.

1 9 6 0 . . .1 9 6 1 . - .1962 . . .1963..._19641965. . . .1966 P

1964:III I I -IV..

1965: I_.II,IIIIV..

1966: I . . .IIIIIIV P.

Per-sonal

income

Less:Per-sonaltaxand

nontaxpay-

ments

Equals:Dispos-

ableper-sonal

income

Less: Personal outlays

Totalout-lays

Per-sonalcon-

sump-tion

expend-itures

Interestpaid by

con-sumers

Per-sonal

transferpay-

mentsto for-eigners

Equals:Per-sonal

saving

Billions of dollars

85.9

77.065.950.247.054.060.468.674.168.372.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5496.0535.1580.4

2.6

2.51.91.51.51.61.92.32.92.92.4

2.63.36.0

17.818.920.918.721.421.118.6

20.729.034.135.632.735.539.842.642.346.2

50.952.457.460.959.466.075.1

83.3

74.564.048.745.552.458.566.371.265.570.3

75.792.7

116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6436.6469.1505.3

79.1

71.161.449.346.552.056.462.767.464.867.7

71.881.789.3

100.1109.1120.7144.8162.5175.8179.2

193.9209.3220.2234.3241.0259.5272.6287.8296.6318.3

333.0343.3363.7384.7412.1443.4478.4

77.2

69.960.548.645.851.355.761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236 5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.4431.5465.0

1.5

. 9

.7

. 5

. 5

. 5

. 5

.6

.7

.7

. 7

.8

.9

.7

. 5

. 5

.5

.81.11.51.9

2.42.73.03.84.04.75.45.85.96.5

7.37.68.19.1

10.111.312.7

0.3

. 3

. 3

. 2

. 2

. 2

.2

.22

.2

. 2

.2

.2

. 1

.2

.4

.5

.7

.7

.7

.5

. 5

.4

.4

. 5

. 5

. 5

.6

.6

.6

.6

. 5

. 5

. 5

.6

.6

.6

.7


484.0492.0500.3507.5

518.0527.6541.9552.8

564.6573.5585.2598.1

60.756.959.160.9

64.966.665.766.7

69.573.677.479.9

423.4435.1441.2446.6

453.2461.0476.2486.1

495.1499.9507.8518.2

401.4408.5418.4420.0

430.3438.6447.1457.6

468.4473.3483.3488.4

391.1398.0407.5408.8

418.9426.8435.0445.2

455.6460.1469.9474.4

9.710.010.310.6

10.811.211.511.8

12.112.512.813.2

0.6.6.6.6

.6

.6

.6

.6

.6

.7

.7

.7

4.2

3.42.6

- . 6Q

!42.13.63.8.7

2.6

3.811.027.633.437.329.615.27.3

13.49.4

13.117.318.118.316.415.820.620.722.319.1

17.021.221.619.924.525.726.9

22.026.622.826.6

22.822.429.028.5

26.726.624.529.9

Percent of disposablepersonal income

Personaloutlays

Total

Con-sump-tion

expend-itures

Per-sonal

saving

Percent

95.0

95.495.9

101.3102.099.396.394.694.798.996.3

94.988.276.475.074.580.390.595.792.995.0

93.799. 492.492.893.694.393.093.393.094.4

95.194.294.495.194.494.594.7

94.893.994.894.0

94.995.193.994.1

94.694.795.294.2

92.7

93.894.499.8

100.698.095.293.393.497.695.0

93.686.975.774.474.079.789.694.691.893.8

92.391.090.991.191.992.491.091.291.092.3

92.992.092.292.791.992.092.0

92.491.592.491.5

92.492.691.391.6

92.092.092.591.5

5.0

4.64.1

- 1 . 3- 2 . 0

.73.75.45.31.13.7

5.111.823.625.025.519.79.54.37.15.0

6.37.67.67.26.45.77.06.77.05.6

4.95.85.64.95.65.55.3

5.26.15.26.0

5.04.96.15.9

5.45.34.85.8




TABLE B-15.Sources of personal income, 1929-66


Year or quarterTotalper-

sonalincome

Wage and salary disbursements i

Total

Commodity-producingindustries

TotalManu-factur-

ing

Distrib-utiveindus-tries

Serviceindus-tries

Gov-ern-

ment

Otherlabor

in-come l

Proprietors'income

Busi-nessand

profes-sional

Farm 2

1929-

1930..1931..1932..1933..1934-1935-1936-1937-1938-1939-

1940..1941-1942-1943..1944__1945-1946-1947..1948-1949-

1950-1951-1952-1953-1954-1955.-1956-1957__1958-1959-.

1960-1961-19621963-1964-1965-1966 *,

1964: I . . .I I . .III .IV..

1965: I . . .II..III.IV..

1966: I . . .I I . .I I I .IV*

85.9

77.065.950.247.054.060.468.674.168.372.8

78.396.0

122.9151.3165.3171.1178.7191.3210.2207.2

227.6255.6272.5288.2290.1310.9333.0351.1361.2383.5

401.0416.8442.6465.5496.0535.1580.4

50.4

46.239.130.529.033.736.741.946.143.045.9

49.862.182.1

105.6116.9117.5112.0123.0135.3134.6

146.7171.0185.1198.3196.5211.3227.8238.7239.9258.2

270.8278.1296.1311.1333.6358.4392.3

21.5

18.514.39.99.8

12.113.515.818.415.317.4

19.727.539.148.950.345.846.054.361.057.7

64.676.181.889.485.492.8

100.2103.899.7

109.1

112.5112.8120.8125.7134.0144.3158.2

16.1

13.810.87.77.89.6

10.812.414.611.813.6

15.621.730.940.942.938.236.542.547.244.7

50.359.464.271.267.673.979.582.578.786.9

89.789.896.7

100.6107.2115.5127.2

15.6

14.512.59.88.89.9

10.711.813.212.613.3

14.216.318.020.122.724.831.035.237.637.7

39.944.346.949.850.253.457.760.560.864.8

68.169.172.576.081.286.793.1

8.4

8.07.15.85.25.75.96.57.16.87.1

7.58.19.09.9

10.912.014.416.117.918.6

19.921.723.325.126.428.931.633.935.938.7

41.544.046.849.954.158.163.5

4.9

5.25.35.05.16.16.57.97.58.28.2

8.410.216.026.633.034.920.717.418.920.6

22.428.933.134.134.636.238.340.443.545.6

48.752.256.059.564.369.277.4

0.6

.7

.7

.91.11.51.81.92.32.73.0

3.84.85.36.06.37.38.49.59.9

11.3

12.012.713.914.916.618.520.8


9.0

7.65.83.63.34.75.56.77.26.97.4

8.611.114.017.018.219.221.620.322.722.6

24.026.127.127.527.630.331.332.833.235.1

34.235.637.137.939.940.741.8

484.0492.0500.3507.5

518.0527.6541.9552.8

564.6573.5585.2598.1

324.4330.6337.2342.3

348.2353.7360.8370.8

380.0387.4396.7405.0

130.2132.9135.5137.4

140.9142.6144.8148.9

153.8157.0159.6162.3

104.2106.2108.6109.7

112.6114.0116.2119.2

123.0126.0128.6131.2

79.180.581.983.1

84.686.087.189.1

90.892.193.995.8

52.653.754.855.4

55.757.259.260.5

61.362.564.465.8

62.663.565.066.3

67.068.069.772.3

74.175.978.881.0

15.916.416.917.3

17.818.218.819.4

20.020.621.121.7

39.139.940.340.3

40.540.440.741.1

41.441.641.942.2



TABLE B-15.Sources of personal income, 1929-66Continued


Year orquarter

1929..

1930..1931..1932..1933..1934..1935..1936..1937..1938..1939-

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

1950_.1951...1952..1953-.1954..1955-1956..1957..1958..1959..

19601961. _____19621963196419651966 p

1964: I___.I I III . .IV..

1965: I.IIIIIIV-.

1966: I.III I I -IV v.

Rentalincomeof per-sons

5.4

4.83.82.72.01.71.71.82.12.62.7

2.93.54.55.15.45.66.67.18.08.4

9.410.311.512.713.613.914.314.815.415.6

15.816.016.717.117.718.318.9

Divi-dends

5.8

6.54.12.52.02.62.84.54.73.23.8

4.04.44.34.44.64.65.66.37.07.2

8.68.68.99.3

10.511.311.711.612.6

13.413.815.216.517.319.220.9

Personalinterestincome

7.2

6.76.35.75.85.75.55.65.55.5

5.45.55.35.35.66.36.87.57.98.5

9.29.9

10.611.813.114.215.717.618.920.7

23.425.027.731.434.638.442.8

Transfer payments

Total

1.5

1.52.72.22.12.22.43.52.42.83.0

3.13.13.13.03.66.2

11.311.711.212.4

15.112.513.014.016.017.318.521.425.7

28.532.433.335.336.839.744.5

Old-ageand sur-vivorsinsur-ance

benefits

0.1.1.2.2.3.4.5.6.7

1.01.92.23.03.64.95.77.38.5

10.2

11.112.614.315.216.018.121.0

Stateunem-ploy-

ment in-surancebenefits

0.4.4

. 5

.1

.1

.41.1.8.8

1.7

1.4.8

1.01.02.01.41.41.83.92.5

4.02.92.82.62.21.8

-Vet-erans'

benefits

0.6

.61.6.8.5.4.5

1.9.6.5.5

.5

.5

.5

.5

.92.86.76.75.85.1

4.93.93.93.73.94.34.34.44.64.6

4.64.84.85.05.35.66.1

Other

0.9

1.11.41.61.81.91.61.81.92.0

2.02.22.22.22.42.73.13.74.14.9

7.95.96.06.36.56.87.27.98.79.4

10.010.911.212.212.913.815.7

Personalcontri-butions

for socialinsur-ance


0.1

.1

.2

.2

.2

.2

.2

.2

.6

.7

.81.21.82.22.32.02.12.22.2

2.93.43.84.04.65.25.86.76.97.9

9.39.6

10.311.812.513.217.6

Non-agricul-

turalpersonalincome 3

17.417.617.817.9

18.118.318.418.5

18.718.818.919.1

17.117.317.417.7

18.118.819.520.2

20.921.121.120.7

33.334.035.135.9

36.938.038.939.7

41.042.143.244.8

37.136.436.637.0

38.637.842.040.5

42.642.844.947.9

15.815.916.116.3

16.716.620.418.6

19.519.721.223.5

2.72.62.52.4

2.42.22.22.0

2.01.61.81.7

5.25.35.35.3

5.55.65.75.8

5.96.06.16.3

13.312.712.813.0

14.113.313.714.1

15.215.415.816.4

12.312.412.612.8

13.113.213.213.5

16.917.118.118.5

77.6

70.860.846.743.249.853.963.066.762.666.9

72.387.8

111.0137.3151.2156.4161.0173.0189.4191.3

210.9236.4254.1271.9274.7296.4318. 5336.6344.3368.5

385.2400.0425.5448.1479.7515.6559.7

467.7475.5484.4491.3

500.9507.7521.5532.2

542.9552.5565.1578.2

1 The total of wage and salary disbursements and other labor income differs from compensation of em-ployees in Table B-l l in that it excludes employer contributions for social insurance and excludes the excessof wage accruals over wage disbursements.

2 Excludes income resulting from net reductions of inventories and gives credit in computing income tonet additions to inventories during the period.

3 Nonagricultural income is personal income exclusive of net income of unincorporated farm enterprises,farm wages, agricultural net interest, and net dividends paid by agricultural corporations.




T A B L E B16. Total and per capita disposable personal income and personal consumptionexpenditures, in current and 1958 prices, 7929-66

Year or quarter

Disposable personal income

Total (billionsof dollars)

Currentprices

1958prices

Per capita(dollars)

Currentprices

1958prices

Personal consumption expenditures

Total (billionsof dollars)

Currentprices

1958prices

Per capita(dollars)

Currentprices

1958prices

Popu-lation(thou-

sands) *

1929.

1930.1931.1932.1933.1934.1935.1936.1937.1938.1939.

1940.1941.1942.1943.1944.1945.1946.1947.1948.1949.

1950.1951 _1952 _1953.1954.1955-1956-1957.1958.1959-

1960-1961.1962.1963.1964.1965-1966 i

1964: I.II...III..IV..

1965: I...II...III..IV...

1966: I....II...III..IV v.

83.3

74.564.048.745.552.458.566.371.265.570.3

75.792.7116.9133.5146.3150.2160.0169.8189.1188.6

206.9226.6238.3252.6257.4275.3293.2308.5318.8337.3

350.0364.4385.3404.6436.6469.1505.3

150.6

139.0133.7115.1112.2120.4131.8148.4153.1143.6155.9

166.3190.3213.4222.8231.6229.7227.0218.0229.8230.8

249.6255.7263.3275.4278.3296.7309.3315.8318.8333.0

340.2350.7367.3381.3406.5430.8451.5

683

605516390362414459518552504537

573695867976

1,0571,0741,1321,1781,2901,264

1,3641,4691,518'.t 583,585,666,743,801,831,905

,937,983

2,0642,1362,2722,4112,567

1,236

1,1281,077921893952

1,0351,1581,1871,1051,190

1,2591,4271,5821,6291,6731,6421,6061,5131, 5671,547

1,6461,6571,6781,7261,7141,7951,8391,8441,8311,881

1,8831,9091,9682,0132,1162,2142,294

77.2

60.548.645.851.355.761.966.563.966.8

70.880.688.599.3

108.3119.7143.4160.7173.6176.8

191.0206.3216.7230.0236.5254.4266.7281.4290.1311.2

325.2335.2355.1375.0401.4431.5465.0

139.6

130.4126.1114.8112.8118.1125.5138.4143.1140.2148.2

155.7165.4161.4165.8171.4183.0203.5206.3210.8216.5

230.5232.8239.4250.8255.7274.2281.4288.2290.1307.3

316.1322.5338.4353.3373.8396.2415.5


634

567487389364406437483516492510

536604656726782855

1,0141.1151,1841,185

1,2591,3371,381, 441,456,539,585,643,666,758

,800,824

1,9021,9802,0892,2182,362

423.4435.1441.2446.6

453.2461.0476.2486.1

495.1499.9507.8518.2

395.7405.5410.8413.9

418.8423.7436.8443.9

448.4447.9452.2457.0

2,2152,2692,2922,312

2,3392,3732,4432,486

2,5252,5432,5762,621

2,0702,1142,1342,142

2,1622,1812,2412,270

2,2872,2782,2942,311

391.1398.0407.5408.8

418.9426.8435.0445.2

455.6460.1469.9474.4

365.7371.0379.5378.9

387.1392.2398.9406.5

412.8412.2418.3418.5

2,0462,0752,1172,116

2,1622,1972,2322,277

2,3242,3402,3842,399

1,145

1,0591,016

919897934985

1,0801,1101,0791,131

1,1781,2401,1971,2131,2381,3081,4391,4311,4381,451

1,5201,5091,5251,5721,5751,6591,6731,6831,6661,735

1,7491,7551,8131,8651,9462,0362,111

1,9131,9341,9721,961

1,9982,0192,0472,079

2,1052,0972,1222,117

121,875

123,188124,149124. 949125,690126,485127.362128,181128,961129,969131,028

132.122133, 402134,860136, 739138,397139,928141,389144,126146,631149,188

151,68

erp1967 appendixes 2

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