erp1983 appendixes 2

Appendix B

STATISTICAL TABLES RELATING TO INCOME,EMPLOYMENT, AND PRODUCTION

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

C O N T E N T S

NATIONAL INCOME OR EXPENDITURE:Page

B-l. Gross national product, 1929-82 163B-2. Gross national product in 1972 dollars, 1929-82 164B-3. Implicit price deflators for gross national product, 1929-82 166B-4. Fixed-weighted price indexes for gross national product, 1972

weights, 1959-82 168B-5. Changes in gross national product and GNP price measures, 1929-

82 169B-6. Gross national product by major type of product, 1929-82 170B-7. Gross national product by major type of product in 1972 dollars,

1929-82 171B-8. Gross national product by sector, 1929-82 172B-9. Gross national product by sector in 1972 dollars, 1929-82 173B-10. Gross national product by industry, 1947-81 174B-l 1. Gross national product by industry in 1972 dollars, 1947-81 175B-12. Gross domestic product of nonfinancial corporate business, 1929-

82 176B-l3. Output, costs, and profits of nonfinancial corporate business,

1948-82 177B-14. Personal consumption expenditures, 1929-82 178B-15. Gross private domestic investment, 1929-82 180B-I6. Gross and net private domestic investment, 1929-82 181B-17. Inventories and final sales of business, 1946-82 182B-18. Inventories and final sales of business in 1972 dollars, 1947-82 183B-l9. Relation of gross national product, net national product, and na-

tional income, 1929-82 184B-20. Relation of national income and personal income, 1929-82 185B-21. National income by type of income, 1929-82 186B-22. Sources of personal income, 1929-82 188B-23. Disposition of personal income, 1929-82 190B-24. Total and per capita disposable personal income and personal con-

sumption expenditures in current and 1972 dollars, 1929-82 191B-25. Gross saving and investment, 1929-82 192B-26. Saving by individuals, 1946-82 193B-27. Number and median income (in 1981 dollars) of families and per-

sons, and poverty status, by race, selected years, 1947-81 194

POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:B-28. Population by age groups, 1929-82 195B-29. Noninstitutional population and the labor force, 1929-82 196B-30. Civilian employment and unemployment by sex and age, 1947-82.. 198B-31. Selected employment and unemployment data, 1948-82 199B-32. Civilian labor force participation rate by demographic characteris-

tic, 1954-82 200

159


B-S3. Civilian unemployment rate by demographic characteristic,1948-82 201

B-34. Unemployment by duration, 1947-82 202B-35. Unemployment by reason, 1967-82 203B-36. Unemployment insurance programs, selected data, 1946-82 204B-37. Wage and salary workers in nonagricultural establishment, 1929-

82 205B-38. Average weekly hours and hourly earnings in selected private non-

agricultural industries, 1947-82 206B-39. Average weekly earnings in selected private nonagricultural indus-

tries, 1947-82 207B-40. Productivity and related data, business sector, 1947-82 208B-41. Changes in productivity and related data, business sector, 1948-82. 209

PRODUCTION AND BUSINESS ACTIVITY:B-42. Industrial production indexes, major industry divisions, 1929-82.... 210B-43. Industrial production indexes market groupings 1947-82 211B-44. Industrial production indexes, selected manufactures, 1947-82 212B-45. Capacity utilization rate in manufacturing, 1948-82 213B-46. New construction activity, 1929-82 214B-47. New housing units started and authorized 1959-82 216B-48. Nonfarm business expenditures for new plant and equipment

1947-83 217B-49. Sales and inventories in manufacturing and trade, 1947-82 218B-50. Manufacturers' shipments and inventories, 1947-82 219B-51. Manufacturers' new and unfilled orders, 1947-82 220

PRICES:B-52. Consumer price indexes, major expenditure classes, 1929-82 221B-53. Consumer price indexes, selected expenditure classes, 1939-82 222B-54. Consumer price indexes, commodities, services, and special

groups, 1939-82.. 224B-55. Changes in consumer price indexes, commodities and services,

1948-82 225B-56. Changes in special consumer price indexes, 1958-82 226B-57. Producer price indexes by stage of processing, 1947-82 227B-58. Producer price indexes by stage of processing, special groups,

1974-82 229B-59. Producer price indexes by major commodity groups, 1940-82 230B-60. Changes in producer price indexes for finished goods, 1950-82 232

MONEY STOCK, CREDIT, AND FINANCE:B-61. Money stock measures and liquid assets, 1959-82 233B-62. Components of money stock measures and liquid assets, 1959-82... 234B-63. Commercial bank loans and investments, 1939-82 235B-64. Total funds raised in credit markets by nonfinancial sectors, 1974-

82 236B-65. Federal Reserve Bank credit and member bank reserves, 1929-82... 238B-66. Aggregate reserves of depository institutions and monetary base,

1959-82 239B-67. Bond yields and interest rates, 1929-82 240B-68. Consumer credit outstanding and net change, 1950-82 242B-69. Consumer installment credit extended and liquidated, 1950-82 243

160


B-70. Mortgage debt outstanding by type of property and of financing,1939-82 244

B-71. Mortgage debt outstanding by holder, 1939-82 245

GOVERNMENT FINANCE:B-72. Federal budget receipts, outlays, and debt, fiscal years 1973-84 246B-73. Federal budget receipts and outlays, off-budget outlays, and debt,

fiscal years 1929-84 248B-74. Relation of Federal Government receipts and expenditures in the

national income and product accounts to the unified budget,fiscal years 1982-84 249

B-75. Government receipts and expenditures, national income and prod-uct accounts, 1929-82 250

B-76. Federal Government receipts and expenditures, national incomeand product accounts, 1958-84 251

B-77. State and local government receipts and expenditures, nationalincome and product accounts, 1946-82 252

B-78. State and local government revenues and expenditures, selectedfiscal years, 1927-81 253

B-79. Interest-bearing public debt securities by kind of obligation, 1967-82 254

B-80. Estimated ownership of public debt securities, 1967-82 255B-81. Maturity distribution average length and of marketable interest-

bearing public debt securities held by private investors, 1967-82, 256

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

adjustments, 1929-82 257B-83. Corporate profits by industry, 1929-82 258B-84. Corporate profits of manufacturing industries, 1929-82 259B-85. Sales, profits, and stockholders' equity, all manufacturing corpora-

tions, 1950-82 260B-86. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, 1947-82 261B-87. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, by industry group, 1981-82 262B-88. Determinants of business fixed investment, 1955-82 263B-89. Sources and uses of funds, nonfarm nonfinancial corporate busi-

ness, 1946-82 264B-90. Current assets and liabilities of U.S. corporations, 1939-82 265B-91. State and municipal and corporate securities offered, 1934-82 266B-92. Common stock prices and yields, 1949-82 267B-93. Business formation and business failures, 1929-82 268

AGRICULTURE:B-94. Farm income, 1929-82 269B-95. Farm output and productivity indexes, 1929-82 270B-96. Farm input use, selected inputs, 1929-82 271B-97. Indexes of prices received and prices paid by farmers, 1940-82 272B-98. U.S. exports and imports of agricultural commodities, 1940-82 273B-99. Balance sheet of the farming sector, 1929-83 274

INTERNATIONAL STATISTICS:B-100. Exchange rates, 1967-82 275B-101. U.S. international transactions, 1946-82 276

161


B-102. U.S. merchandise exports and imports by principal end-use catego-ry, 1965-82 278

B-103. U.S. merchandise exports and imports by area, 1973-82 279B-104. U.S. merchandise exports and imports by commodity groups, 1960-

82 280B-105. International investment position of the United States at year-end,

selected years, 1970-81 281B-106. World trade: Exports and imports, 1965, 1970, 1975, and 1979-82 282B-107. World trade balance and current account balances, 1965, 1970,

1975, and 1979-82 283B-108. International reserves, selected years, 1952-82 284B-109. Growth rates in real gross national product, 1960-82 285B-110. Industrial production and consumer prices, major industrial coun-

tries, 1960-82 286B— 111. Unemployment rate, and hourly compensation, major industrial

countries, 1960-82 287

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).

162


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross national product, 1929-82

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

Year or quarterGross

nationalproduct

Per-sonalcon-

sump-tion

expend-itures

Grossprivate

do-mesticinvest-ment

Netexports

Net exports of goodsand services

Exports Imports

Government purchases of goods andservices

Total

Federal

TotalNa-

tional de-fense

Non-de-

fense

Stateandlocal

Finalsales

Percent changefrom preceding

period l

Grossnation-

alprod-uct

Finalsales

1929....

1933....

1939....

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

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

I960....19611962....1963....1964....1965....1966....196719681969

19701971....197219731974....1975....19761977....19781979

198019811982"..

1980:III.IllIV

1981:

III"111IV

1982:IIIIllIV...

103.4

55.8

90.9

100.0125.0158.5192.1210.6212.4209.8233.1259.5258.3

286.5330.8348.0366.8366.8400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7691.1756.0799.6873.4944.0

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

2,633.12,937.73,057.5

2,575.92,573.42,643.72,739.4

2,864.92,901.82,980.93,003.2

2,995.53,045.23,088.2

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,667.21,843.21,972.0

1,618.71,622.21,682.01,745.8

1,799.91,819.4

1,884.5

1,919.41,947.81,986.3

3,101.3 2,034.6

16.2

1.4

9.3

13.117.99.95.87.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0

402.3471.5421.9

424.0391.0384.1410.3

455J475.5486.0468.9

414.8431.5443.3397.9

1.1

1.2

1.81.5

- L 9- 1 . 7

~7.*811.96.96.5

2.24.43.21.32.53.05.37.33.31.4

5.56.66.47.6

10.18.86.56.34.34.2

6.74.1

.714.213.426.813.8

- 4 . 0- 1 . 113.225.226.116.5

14.024.239.023.5

31.223.725.923.5

31.334.9

6.9- 6 . 9

7.0

2.4

4.6

5.46.15.04.65.57.4

15.120.217.516.3

14.419.719.118.018.721.025.028.124.224.8

28.929.931.834.238.841.144.647.352.457.5

65.768.877.5

109.6146.2154.9170.9182.7218.7281.4

339.2367.3349.7

335.7337.3337.2346.7

365.4368.9367.2367.9

359.9365.8349.5323.7

5.9

2.0

3.4

3.64.74.86.57.27.97.38.3

10.59.8

12.215.315.916.716.218.019.820.821.023.4

23.423.325.426.628.832.338.141.048.153.3

59.064.776.795.4

132.8128.1157.1186.7219.8268.1

314.0341.3333.2

321.7313.1298.2323.2

334.2345.1341.3344.4

328.6330.9342.5330.6

8.8

8.2

13.5

14.224.959.888.997.082.827.525.532.038.4

38.560.175.682.575.875.079.487.195.097.6

100.3108.2118.0123.7129.8138.4158.7180.2199.0208.8

220.1234.9253.1270.4304.1339.9362.1393.8431.9474.4

538.4596.9647.1

519.2536.0538.5559.8

578.1583.2600.2626.3

630.1630.9651.7675.7

1.4

2.1

5.2

6.116.952.081.389.474.617.612.716.720.4

18.738.352.457.547.944.545.950.053.953.9

53.757.463.764.665.267.378.890.998.097.6

95J96.2

101.7102.0111.0122.7129.2143.4153.6168.3

197.2228.9257.3

189.6198.8193.3207.0

217.0218.2230.0250.5

249.7244.3259.0276.1

1.2

2.213.749.479.787.473.514.89.0

10.713.2

14.033.545.848.641.138.440.244.045.645.6

44.547.051.150.349.049.460.371.576.976.3

73.670.273.172.877.083.086.092.8

100.3111.8

131.4153.7178.5

126.8130.0130.5138.1

143.1150.5154.4166.9

166.2176.2182.7188.9

3.9

3.93.22.61.62.01.12.83.76.07.2

4.74.86.58.96.86.05.75.98.38.3

9.310.412.714.316.217.818.519.521.221.2

22.226.028.529.133.939.743.250.653.356.5

65.875.278.8

62.868.862.868.9

73.967.775.783.6

83.568.276.387.2

7.4

6.1

8.3

8.18.07.87.57.68.29.9

12.815.318.0

19.821.823.225.027.830.633.537.141.143.7

46.550.854.359.064.671.179.889.3

101.0111.2

124.4138.7151.4168.5193.1217.2232.9250.4278.3306.0

341.2368.0389.8

329.6337.2345.2352.8

361.1365.0370.1375.7

380.4386.6392.7399.6

101.7

57.4

90.5

97.8120.6156.7192.8211.6213.5203.5233.5254.8261.4

279.7320.5344.8366.3368.4394.1417.0442.6451.2482.2

503.6522.2558.8590.7632.1681.2741.9789.3865.5934.2

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

2,643.12,917.33,078.9

2,576.62,573.92,664.82,757.1

2,852.72,877.22,949.12,989.9

3,031.13,061.43,083.53,139.8

6.6

- 4 . 2

7.0

10.025.026.721.3

9.6.9

- 1 . 211.111.3

10.915.55.25.4

.09.05.45.31.38.5

3.83.67.75.66.98.49.45.89.28.1

5.28.6

10.111.88.18.0

10.911.712.811.7

8.911.64.1

12.2- . 411.415.3

19.65.3

11.43.0

- 1 . 06.85.81.7

- 5 . 6

5.3

8.123.230.023.0

9.8.9

- 4 . 714.89.12.6

7.014.67.66.2

.67.05.86.11.96.9

4.43.77.05.77.07.88.96.49.77.9

5.98.19.9

11.28.69.69.6

11.112.812.4

10.010.45.5

11.8- . 414.914.6

14.63.5

10.45.7

5.64.12.97.5

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

163


TABLE B-2.—Gross national product in 1972 dollars, 1929-82

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

Year orquarter

Grossnationalproduct

1929

1933

1939

19401941194219431944194519461947194819491950195119521953195419551956195719581959

19601961196219631964198519661967196819691970197119721973197419751978197719781979198019811982".1980:

IIIIllIV

1981:IIIIllIV

1982:IIIIllIV"

315.7

222.1

319.8344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.56/1.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.61,085.61,122.41,185.91,254.31,246.31,231.61,298.21,369.71,438.61,479.4

1,474.01,502.61,475.5

1,494.91,457.81,463.81,479.4

1,507.81,502.21,510.41,490.1

1,470.71,478.41,481.11,471.7

Personalconsumptionexpenditures

Total Durablegoods

215.1

170.5

219.8

229.9243.6241.1248.2255.2270.9301.0305.8312,2319.3

337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4

452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6930.5947.6957.1

937.0915.8928.0941.0

951.1944.6951.4943.4

949.1955.0956.3968.0

durable Services

20.9

10.7

18.6

21.224.215.714.013.014.425.430.132.535.5

42.639.138.042.142.551.148.848.645.350.7

51.449.354.759.764.872.678.479.588.391.8

89.198.2

111.1121.3112.3112.7126.6138.0146.8147.2137.1140.0138.7

145.4128.9134.6139.5

145.3138.6142.2134.1

137.5138.3136.4142.8

Non-lurablgoods

98.1

82.9

115.1

119.9127.6129.9134.0139.4150.3158.9154.8155.0157.4

161.8165.3171.2175.7177.0185.4191.6194.9196.8205.0

208.2211.9218.5223.0233.3244.0255.5259.5270.5277.3

283.7288.7300.6307.4302.5307.5321.9333.4344.4353.1355.8362.4365.2

357.8352.7353.7359.0

361.6361.7363.0363.1

362.2364.5365.9368.2

96.1

76.9

86.1

88.891.895.5

100.2102.8106.3116.7120.9124.7126.5

132.9137.2140.9145.6150.5157.6165.0170.3175.9184.8

192.4200.2208.8217.8229.8240.9251.8263.7275.6288.8

299.3309.9325.3339.2348.0359.3374.7393.0412.0427.3437.6445.2453.2

433.9434.3439.7442.5

444.2444.3446.2446.2

449.5452.2454.0457.0

Gross private domestic investment

Total

55.8

8.4

33.6

44.555.829.518.119.727.770.970.082.165.4

93.593.983.085.383.1

103.8102.697.087.5

108.0

104.7103.9117.6125.1133.0151.9163.0154.9161.6171.4

158.5173.9195.0217.5195.5154.8184.5214.2236.7236.3208.4225.8196.9

222.7201.9199.2209.6

221.6229.5233.4218.9

195.4202.3206.3183.6

Fixed investment

Total

51.2

13.2

32.0

38.343.824.318.022.031.458.770.276.669.8

83.080.278.783.885.396.196.895.589.3

100.9

101.2100.9109.7117.5125.9140.1146.2142.7152.6160.4

154.8165.8184.8200.4183.9161.5176.7200.9220.7229.1213.3216.9205.4

225.3204.4207.8215.9

219.2217.4216.9214.1

210.8206.7202.9201.3

Nonresidential

Total

37.5

10.4

20.9

25.830.417.614.018.727.642.148.951.146.0

50.052.952.156.355.461.365.466.259.363.6

66.966.772.075.182.797.4

108.0105.6109.5116.8

113.8112.2121.0138.1135,7119.3125.6140.3158.3169.9

166.1172.0165.4

171.9162.4163.8166.4

169.7170.1173.9174.2

172.0166.7163.4159.6

Struc-tures

Produc-ers'

durableequip-ment

21.1

5.0

8.7

10.012.06.84.25.58.3

18.917.418.417.9

19.220.720.622.623.625.428.328.426.827.4

29.530.231.631.934.440,643.442.042.845.0

43.942.844.147.443.638.339.540.444.649.1

48.551.653.2

51.148.547.147.5

49.551.052.553.3

53.553.753.052.7

16.4

5.5

12.1

15.818.510.99.8

13.219.223.231.532.628.1

30.832.231.533.731.835.937.037.832.536.2

37.436.540.443.148.356.864.563.666.871.8

69.969.376.990.792.181.186.199.9

113.7120.8117.6120.4112.2

120.8113.9116.7118.9

120.1119.1121.4120.9

118.5113.0110.4106.9

Residential

Total

13.7

2.8

11.1

12.513.36.74.03.43.8

16.621.325.623.8

33.027.326.627.529.934.831.529.230.037.4

34.234.337.742.543.142.738.237.143.143.6

41.053.763.862.348.242.251.260.762.459.147.244.940.0

53.442.044.049,5

49.647.342.939.9

38.940.139.541.7

Non-farm

struc-tures

13.0

2.5

10.4

11.612.36.03.53.03.4

15.319.723.822.1

31.325.725.126.128.533.530.027.828.635.9

32.932,836.340.941.541.236.635.441.341.7

39.251.661.559.945.339.848.757.959.556.344.342.137.1

49.939.441.546.6

47.044.639.936.7

36.037.036.638.8

Farmstruc-tures

Produc-ers'

durableequip-ment

0.6

Changein

busi-ness

inven-tories

0.1

.1

.2

.1

.0

.0

.1

.2

.3

.3

.3

.3

.3

.3

.3

.3

.4

.4

.4

.5

.6

.5

.5

.6

.6

.7

.7

.8

.8

.91.1

1.11.31.51.71.71.61.71.81.92.02.02.01.9

2.12.02.02.0

2.02.02.02.0

1.91.91.91.9

4.6

=4.9

1.6

6.212.05.2

~2!3~3.fi12.2

.25.5

-4 .4

10.613.74.31.5

-2 .27.75.81.5

= 1.87.0

3.53.07.87.57.1

11.816.81119.0

11.1

3.88.1

10.217.211.6

-6 .77.8

13.316.07.3

-5 .09.08.5

2.6--2.5- 8 . 5-6 .2

2.412.116.54.8

= 15.44.43.4

= 17.7

See next page for continuation of table.

164


TABLE B-2.—Gross national product in 2972 dollars, 1929-82—Continued


Year or quarter

1929

1933

1939

19401941194219431944 ..19451946194719481949

1950195119521953195419551956195719581959

196019611962 ...1963196419651966196719681969

1970197119721973197419751976197719781979

198019811982p

1980:IIIIIIIV

1981:1IIIIIIV

1982:|

IIIIV *

Net exports of goods andservices

Netexports

3.7

.4

3.4

4.43.2

- . 6- 5 9- 6 . 2- 3 . 713.218 910,810.7

5910.17.94.8697.3

10111.8562.7

778.57594

12.81016.55.41.9.9

3.916.7

15.527.832.225.422.024 037.2

50.642.030.3

50 553.253.145.6

48 244.239.236.5

36.935.727.521.1

Exports

16.7

9.1

14.3

15.516.411.49.8

10.513.827.332 226.325.8

23 628.627.926.627.830.735.338.033.233.8

38439.341.844 850.351.754.456.761.265.0

70.571.077.597.3

108.5103.5110.1112.9126.7146.2

159.2158.5147.5

164 4161.2155.9155.1

159 3159.7157.8156.9

151.7154.4147.5136.4

Imports

12.9

8.6

10.9

U. l13.212.015 716.817.514.013 315.515.2

17 718.520.021.820 923.425 226.127 631.1

30 730.934 335 437.541647.951.359.364.1

66.669 376.781.880.771.484.790.9

102 7109.0

108.6116.4117.2

113 9108.0102.8109.6

111 1115.5118.7120.4

114.7118.7120.0115.3

Government purchases of goods andservices

Total

41.0

42.9

63.0

65.397.8

191.62713300.4265.493.175 784.796.8

981133.7159.8170.1156.0152.3153.5161.2169.8170.6

172 8182.9193.2197 6202.6209 8229.7248.5260.2257.4

251.12501253.1253.3260.3265.2265.2269.2274.6278.3

284.6287.1291.2

284 7286.9283.4283.2

286 8283.9286.4291.3

289.2285.3291.1299.0

Federal

Total

7.0

10.9

22.8

26.761,0

157.4239 6269.7233.758.236.342.849.2

47 382.2

107.2114.796188.286 890.693 491.4

90 495.3

102 81018100.2100 3112.6125.1128.1121.8

110.6103 7101.795.996.697.496.8

100.4100 3102.1

106.5110.4116.1

106 4109.1105.5104.8

107 9107.0110.7116.0

114.4110.3116.2123.7

Nation-al

de-fense

73.168.366.966.464.965.465 767.4

70.173.578.7

70 370.470.069.6

71072.974.376.1

74.578.280.681.3

Non-de-

fense

=

28.527.629.731.031.835.034,734.8

36.436.837.4

36.138.735.535.2

36 934.136.539.9

39.832.135.542.4

Stateandlocal

33.9

32.0

40.3

38 636.834 331730.731.734.939441.947.5

50 851.552.755.359 964.166 770.676.479.2

82 487.590.495 8

102.4109 5117.1123.4132.1135.6

140.5146 4151.4157.4163.6167.8168.4168.8174.3176.2

178.1176.7175.0

178 3177.8177.9178.4

179 0176.9175.7175.3

174.9175.0174.9175.4

Finalsales

311.0

227.0

318.2

337.9388.4456.55315571.4564.0466.1470 6484.3496.6

524 2565.6596.5622.1618.2649.8665.8682.2682.7714.7

733 7753.7792.4825 0869.3917.5968.0999,2

1,049,11,076.6

1,081.81,114.31,175.71,237.11,234.71,238.41,290.41,356.41,422.61,472.2

1,479.01,493.71,484.0

1,497 51,460.31,472.31,485.7

1505 41,490.11,493.91,485.3

1,486.11,482.71,477.81,489.3


period1

Grossnation-

alprod-uct

6.6

- 2 . 2

7.8

7.616.315.31517.1

-1 .5-14.7- 1 7

4.1.5

878.33.73.8

- 1 . 26.72.11.8

- . 46.0

2.22.65.84.05.36.06.02.74.62.8

- . 23.45.75.8

- . 6- 1 . 2

5.45.55.02.8

- . 41.9

- 1 . 8

1.5- 9 . 6

1.64.3

7.9- 1 . 5

2.2- 5 . 3

- 5 . 12.1

.7-2 .5

Finalsales

- 3 . 1

6.3

6.214.917 516 475

- 1 . 3- 1 7 4

102.92.5

567.95.54.3

- 65.1252.5

4.7

272.75.1415.4555.53.25.02.6

.5305.55.2

- . 2.3

4.25.14.93.5

.51.0

- . 6

16- 9 . 6

3.33.7

54-4 .0

1.0- 2 . 3

-.9- 1 . 3

3.2

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

165Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-3.—Implicit price deflators for gross national product, 1929-82

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

Year orquarter

192919331939 ..19401941 .1942194319441945194619471948 .. .....194919501951195219531954 .19551956 .19571958 .1959I9601961196219631964 .196519661967 .1968196919701971197219731974 .19751976 .197719781979 .198019811982 P

1980:

IIIllIV

1981:|||IIIIV

1982:1||HIIV P

Grossnational

product»

32.7625.1328.4329.06312334.32361437.0137 9143.8849.5552.9852.4953.5657.0957 9258.8259.5560.8462.7964.9366.0467.6068.7069.3370.6171.6772.7774.3676.7679.0682.5486.7991.4596.01

100.00105.75115 08125.79132.34140.05150.42163,42178.64195.51207.23

172.31176.52180.60185.16

190 01193.17197.36201.55

203.68205.98208.51210.73

Personal consumption expenditures

Total

35.926.930.530.933 236.740142.444147.852.956055.856.960.662 063.263.764.465.667.869.270.671.972.673.774.875.977.279.481.484.688.492.596 5

100.0105.71164125.31317139.3149.1162.5179.2194.5206.0

172.8177.1181.2185.5

189 2192.6196.4199.8

202.2204.0207.7210.2

Durablegoods

44.232.535.936.740 043.746 751.355562167.870 370.572.276 376 777.275.075677.780 981.383.883.884.385.486.287.186.886.788.291.193.395.799 0

100.01017108 2117.3123 9129.2136 4145.0156.3167 5174.9

151.9154.4158 0161.1

163 0166.2169.7171.3

173 0174.0176.1176.3

Non-durablegoods

38.426.830.530.933 639.143 746.247 852.158.762 360.360.765.866 566.366.666.367.369.471.071.472.673.373.974.975.877.380.181.985.389.493.696 6

100.0108 51234132.5137 2143.6153 4169.9188.4202.7208.9

181.9186.2190.5195.1

199 3201.7204.2205.6

206 8207.1210.0211.4

Services

31.626.129.229.530 832.434 236.137 338.841.744 446.047.449.952 655.457.258460.162 264.166.067.969.070.471.772.774.276.478.781.986.0

90.595 6

100.0104 7113 0121.61296139.31500162.3178.8196 3213.3

172.2176.5180.9185.4

189 6193.4198.6203.6

207 4210.6215.3219.8

Total

28.322.427.728.530 733.535 737.037 241.349.053.754.956.760.962 363.163.665.068.571.171.071.872.171.872.272.372.974.076.378.882.287.091.195.7

100.0105.5116 7131.9139 2149.8163 2178.5193.3208.0215.8

188.5191.5195.1198.3

202 3207.4209.4212.9

213 6216.6216.2216.8

Gross private domestic investmentl

f'ixed investment

Nonresidential

Total

28.322.928.229.131033.935 936.836 740.046.951.553.054.559.160161.261.762.967.371.070.972.272.572.072.573.173.874.776.979.582.886.791.396 2

100.0103 81154132.2138 6146.3157 2170.8186.12013210.1

181.0184.9187.9190.8

194 5200.7203.0206.8

207 6211.3210.7210.9

Structures

24.319.223.023.424 928.432 433.833 936.644.048.848.449.355.156 357.456.557.662.464.963.964.263.763.363.664.164.966.469.272.275.881.588.294 5

100.0107.7128 2144.8149 0159.41764200.2227.72515266.4

216.9224.9232.7237.2

2415249.1252.7261.9

264 5267.6266.7266.7

Pro-ducers'

dur-able

equip-ment

33.426.232.032.834.937.337.338.037.942.848.653.056.057.861.762.663.865.566.671.175,576.678.379.479.379.479.780.180.682.184.387,289.993.297 2

100.01018109 3126.21339141.0149 7158.8169.0179.8183.4

165.8167.9169 9172.3

1751179.9181.4182.5

1819184.6183.8183.5

Total

28.220.726.627.430 032.434 938.140844.653.758.158.760.064.466 466.967.168.771.071.471.271.171.471.371.570.971.272.374.677.080.787.790.594.8

100.0109.1120 3131.0140.7158.0178.3200.5218.5233.6239.3

212.5217.2221.8223.4

229 0231.7235.8239.2

240 5238.6238.8239.4

Residential

Non-farmstruc-tures

27.819.826.327.229 731.834.337.340.043.953.057.558.159.563.865.866.366.668.270.570.970.770.670.970.971.170.570.872.074.376780.587.590.394.7

100.0109.4120.8131.6141.3159.0179.8202.7221.7237.1242.8

215.2220.6225.2226.4

232 2234.9239.4243.3

244.3242.1242.3242.7

Farmstruc-tures

28.619.523.423.626 630.735 740.842 946.652.857.358.059.463.865 766.266.568.370.670.970.870.771.170.771.270.670.972.274.276.780.687.590.695.0

100.0109.2120.5131.9140.7157.0180.0202.7218.8236.9242.6

214.7219.1221.2224.3

227 3233.4237.9242.7

243.8242.0241.9242.9

Pro-ducers'

dur-able

equip-ment

77.258.861.159.663 871.371.475.084.695.2

105.61U.5107.9107.4114.9114.6114.2112.4109.1104.3103.4101.9101.8100.899.096.895.394.392.190.891.093.595.797.899.3

100.0100.6106.8116.9122.7126.7132.6140.3149.2159.4168.3

145.2148.0150.8153.0

155.4158.3161.3162.8

165.7168.1169.4170.0


166


TABLE B-3.—Implicit price deflators for gross national product, 1929-82—Continued

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

Year or quarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 p

1980:I .,IIIIIIV

1981:

IIIIIIV

1982:

IIIll ...IV P

Exports andimports of goods

and services1

Exports

42.2

26.5

32.1

34.937.343.646.851.953.655.462.866.563.1

61.068.868 667.567.268.571.074.073173.5

75.276176.076377.279.481983 585.588.5

93.297.0

100.0112.7134 8149 6155.3161.9172.6192.5

213.1231.8237.1

204 2209.2216.3223.5

229 3230.9232.6234.5

237 3236 8236 9237.4

Imports

45.5

23.6

31.0

32.835.440 041.342 744.951.862.367.864.6

68.882.679 976.777.277.178.479.676175.2

76.175 574.275 276.877.779 479 981.183.2

88.693 3

100.0116.7164 6179 6185.6205.5214.1246.1

289.3293.1284.3

282 5289.8290.1294.9

3007298.7287.7286.1

286 4278 8285 4286.7

Government purchases of goods and services

Total

21.5

19.2

21.4

21725.531232.832 331.229 633.637.739.7

39.245.047 348.548.649.251.754.056057.2

58.059161.162 664.166.069 172 576.581.1

87.793 9

100.0106 7116 8128 2136.6146.3157.3170.4

189.2207.9222.3

182 4186.8190.0197.7

2015205.5209.5215.0

217 8221 1223 9226.0

Federal

Total

20.5

194

22.7

22 727.833 034.033131.930 235.039 041.4

39.646.648 950.149.950.452.955.157 759.0

59.460 262.063 565167.170 072 776.580.1

86.692 7

100.0106 3114 9126 0133.5142.8153.1164.8

185.2207.4221.6

178 2182.2183.3197.5

2012204.0207.8216.0

218 3221 6223 0223.3

Nationaldefense

ioo.o106.6115.1124 9132.4141.9152.7166.0

187.4209.0226.9

180 3184.6186.5198.4

2017206.4207.9219.5

223 0225 2226 5232.4

Non-defense

100.0105.6114.2128 2135.7144.6153.8162.5

181.0204.2210.4

1741177.9176.8195.7

200 3198.9207.4209.4

209 6212 6214 9205.9

Stateandlocal

21.8

19.1

20.7

20 921.722 823.724 825.828 532.436 437.8

38.942.344145.246.547.650.252.653 855.1

56.558 060.161663.164.968 272 476.482.0

88.694 7

100.0107.0118.0129 4138.3148.4159.7173.7

191.6208.2222.7

184 8189.6194.0197.8

2017206.3210.7214.3

217 5220 9224 5227.9

Finalsales

32.7

25.3

28.4

29 031.034 336.337 037.943 749.652 652.6

53.356.757 858.959.660.662.664.966167.5

68.669 370 571672.774.276 679 082.586.8

91.596 0

100.0105.7115.0125 7132.2139.7150.3163.3

178.7195.3207.5

1721176.3181.0185.6

189 5193.1197.4201.3

204 0206 5208 7210.8


period2

GNPimplicitprice

deflator

0.0

- 2 . 1

- . 8

227.5995.3242.4

15 712.969

- . 9

2.16.6141.61.22.23.23.4172.4

1.69

1.8151.52.232304.45.1

5.4504.25.88.89.35.25.87.48.6

9.39.46.0

10.510.19.6

10.5

10 96.89.08.8

4.34.6504.3

Finalsales

implicitprice

deflator

-2 .6

- . 9

187.2

1065.6212.2

15 313.760

.1

1.36.2201.91.21.83.33.6192.1

1.7101815152.132314.45.2

5.4504.15.78.8935.25.77.58.7

9.59.36.2

10.110.111.210.5

877.89.38.1

5450434.2

1 Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports ofgoods and services.2 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here. Quarterlychanges are at annual rates.

Source: Department of Commerce, Bureau of Economic Analysis.

167


TABLE B-4.—Fixed-weighted price indexes for gross national product, 1972 weights, 1959-82

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

Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982"

1980:

IIIIIIV

1981:I

IllIV

1982:|

IllIV**


69.8

70.871672.473.274.1

75 377579 883 187.3

91896 2

100 0106 0115.9

126.4133 7142.2153 3167.8

184.4202 0214.6

177 8182.1186 3191.3

195.9199 9204,2208.4

210 8213.0216.0218.8

Personalcon-

sumptionexpendi-

tures

73.1

74.174 875.576.377.2

78 280182 085088.7

92 796 6

100 01061117.1

126 3133 0141.21516166.3

184.82021213.8

178 2182.7187 0191.5

196.6200 2203.9207.5

209 9211.6215.4218.4

Gross private domesticinvestment1

Fixed investment

Total

74.4

74.774 474.274.074.3

75 277 079 382587.3

91295 8

100 0105 8117.9

132.3140 215L8167 0185.4

204.1220 9231.1

1971202.5207 5210.2

215.0219 0223.2226.8

229 2230.4232.0233.0

Nonresi-dential

74.1

74.574 374.474.775.3

76 177 980 383 387.0

91696 3

100 0104 0116 5

132 91399148 5160 9177.2

196.0213 5225.7

188 7194.2199 2202.8

20712117215.6219.3

222 0225.0227.4228.7

Residen-tial

74.9

74.974 773.972.672.6

73 575 377 581087.8

90.694 9

100.0109.2120.5

131.2140 8158.0178.4200.8

219.5235.0241.3

213.2218.4223.0224.3

229.9233 0237.5241.2

242 7240.7240.7241.1

Exports andimports of goods

and services1

Exports

73.4

75.076.076.076.377.1

79 481883 385 588.5

93.197 0

100.0112 6137.4

151.8156 9164.0174.9197.2

218.6239.3245.7

210 4214.3221.2229.1

235.4238 4241.1242.5

245.6246.3245.2245.5

Imports

75.0

76.075 273.774.776.3

77 178 879 380.783.0

88.493.3

100.0116.7161.5

175.1178 7195.0210.1244.5

303.7319.0315.5

2910300.6309.8314.6

322.6323 4316.3314.0

3191313.6313.6315.3

Government purchases of goods and services

Total

56.9

58.359 561.362.864.4

66 269 272 476.481.3

87.994.0

100.0106.9117.9

129.2137.3147.0158.4173.2

193.8212.2226.2

186.6191.4195.1202.1

206.0210 3213.6219.3

222 4224.5227.2231.0

Federal

Total

58.5

59.660 561.763.365.3

67169.671575.779.8

86.792.9

100.0106.7117.0

128.0135.4145.0155.4169.5

192.7214.7230.1

184.9189.5191.9203.9

208.1212 2214.5223.9

2271228.4230.1234.9

Nationaldefense

100.0106.9117.5

127.9135.6145.5156.5171.7

196.5219.7236.4

188.2193.7196.1208.2

211.6217 4219.6230.1

2334234.6236.3241.4

Non-defense

100.01061115.6

128.3135.0143.6152.6164.0

182.8201.7214.0

176.4178.7181.4192.7

199.11988201.6207.9

2110212.6214.2218.2

Stateandlocal

55.8

57.458.961,062.563.9

65668.873176 982.3

88.794 8

100.0107.0118.4

130.0138.5148.4160.4175.7

194.6210.6223.6

187.7192.7197.2200.9

204.62090212.9216.1

219 2221.9225.2228.3

Percentchangefrom

ingperiod,gross

nationalproductfixed-

weight-ed priceindex*

1.5111.21.11.2

172930415.0

5.2484.0609.4

9.15.86.37.89.5

9.99.66.2

10.510.09.4

11.2

10.08.48.98.5

4.84.15.95.2

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

* Quarterly changes are at annual rates.


168


TABLE B-5.—Changes in GNP and GNP price measures, 1929-82

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

Period

1929

19331939

1940194119421943194419451946194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979 .

198019811982 *

1980:|||IIIIV

1981:

IIIIIIV

1982:

||IIIIV P

Gross national product

Currentdollars

6.6

- 4 . 2

7.0

10 025.026 721.39.6

.912

11.1113-.510915.5525.4.0

905.4531.38.5

3.83.67.75.66.9

8.4945.89.28.1

5.28.6

10111.88.1

8.010 911712.811.7

8911.64.1

12 2_ 411.415.3

19 653

1143.0

1.068581.7

Con-stant

(1972)dollars

6.6

-2 .2

7.8

7616 315 315.17.1

- 1 5- 1 4 7-1.7

41

8783373812672118

- .46.0

222.6584.05.3

6.0602.7462.8

- . 2345758

6- 1 2

54555028

41.9

-1.8

15961.643

791522

-5 .3

- 5 121

725

Implicitprice

deflator

0.0

-2.1

- . 8

2.27.59.95.32.4

2.415.712.96.9

- .92.16.6141.61.2

2.23.23.41.72.4

1.6.9

1.81.51.5

2.23.23.04.45.1

5.45.0425.88.8

9.3525.87.48.6939.46.0

10.51019.6

10.5

10.968908.8

4.34.65.04.3

Chainpriceindex

1.61.21.41.31.4

1.93.13.04.35.0

5.34.94.16.09.1

9.25.76.17.68.99.09.46.4

9.0969.7

11.0

9.38.2928.4

5.04.66.05.2

Fixed*weight-ed price

index(1972

weights)

1.51.11.21.11.2

1.7293.04.15.0

5.24.8406.09.4

9.1586.37.895999.66.2

10 510 09.4

11.2

10 084898.5

4.84.15.95.2

Personal consumption expenditure

Currentdollars

- 5 . 7

4.6

6013.897

12.28.8

10.520.312.58.01.9787.9485.82.7

764.95.43.27.4

4.53.16.05.56.9

7.58.15.49.58.4

6.98.196

10.29.4

9.911011.111.811.9

10.610.67.0

10.79

15.616.1

13.04.4

1133.4

7.66.18.1

10.1

Con-stant

(1972)dollars

-2.0

5.3

465.9

-1 .02.92.8

6.211.11.62.12.3561.3253.81.8

6.52.92.11.05.4

2.62.14.53.85.5

5.65.12.95.33.7

2.23.75.84.2

- . 7

2.25.65.04.52.7

.31.81.0

- .7-8.7

5.45.7

4.4-2.7

2.9-3 .3

2.52.5.6

5.0

Implicitprice

deflator

- 3 . 8

- . 7

137.4

10.89.05.8

4.18.3

10.75.8

206.5231.9.9

1.01.93.32.21.9

1.91.01.51.61.4

1.82.92.44.04.5

4.64.33.75.7

10.1

7.65.15.87.09.0

10.38.65.9

11.510.59.69.8

8.37.38.27.0

5.03.57.54.9

Chainpriceindex

1.71.1111.41.2

1.52.72.53.84.5

4.64.3366.1

10.4

7.7536.07.39.3

10 79.16.0

12.61019.8

10.0

10.37.4807.2

5.23.67.15.6

s

Fixed-weight-ed price

index(1972

weights)

1.5.99

1.21.1

1.32.42.43.64.4

4.54.2356.1

10.4

7.8536.27.49.7

11.29.35.8

13.410 49.8

10.1

10.97.7767.1

4.83.27.35.7

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



TABLE B-6.—Gross national product by major type of product, 1929-82

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

Year orquarter

1929

1933

1939

194019411942194319441945..1946194719481949

19501951..1952195319541955195619571958 ..............1959

1960 .19611962..1963196419651966..19671968..1969

197019711972..1973197419751976197719781979

19801981..1982 ".

1980;

||IllIV

1981:

||IllIV

1982:

||'IllIV ".


103.4

55.8

90.9

100.0125.0158 5192.12106212.4209.82331259.5258.3

286.5330 8348.0366.8366 8400.0421.7444 0449.7487.9

506 5524.6565 0596.7637.7691.1756 0799.6873 4944.0

992.71,077.61185 9U26.41,434 21,549.21,718.01,918.3216392/17.8

2,633.12,937 73,057.5

2,575.92,573.42 643 72J39.4

2,864.92 90182 980 93,003.2

2,995.53 045 23 088 23ilO1.3

Finalsales

101.7

57.4

90.5

97.8120.6156.7192.82116213.5203.5233.5254.8261.4

279.7320.5344.8366.3368 4394.1417.0442.6451.2482.2

5036522.2558.8590.7632.1681.2741.9789.3865.5934.2

989.51,070.01175.71,307.91,420.11,556,11,706.21,895.32137 42;403.5

2,643,12917.33iO78.9

2,576.62,573.92 664 82,757.1

2,852.72 877 22 94912,989.9

3,031.13 06143'083 53[l39.8

Inven-tory

change

1.7

-1 .6

.4

2.24.518

- . 6= 10-1 .0

6.4

4.7= 3.1

6.810.33.1.4

- 156.04.713

-1 .55.7

302.3636.05.69.9

14110.3799.8

3.27.7

10 218.514.1

=6.911.823.026 514.3

= 10.020 5

=21.4

- . 7= .4212

-17.7

12.224 631813.2

=35.6- 1 6 247=38.5

Total

Total

56.1

27.0

49.0

56.072.593 7

120.4132 3128.9125.3139.8154.4147.7

162.4189.5194.6203.11961214.5223.3232 3228.2248.5

254 2257.4278 5290.3309.8338.4375 0389.44213450.2

459.9485.3529 6604.1646 7694.0771.1855.09586

1,065.6

1,141.91,289 21,280.6

1,125.21,114.5114041,187.4

1,265.3127611317 01,298.4

1,269.41,283 11295 5l|274.5

Finalsales

54.4

28.6

48.6

53.868.091.9

121.0133.3129.9118.9140.3149.7150.8

155.6179.2191.5202.7197 6208.5218.6231.0229.7242.9

2513255.0272.2284.3304.2328.5360.9379.1413.4440.4

456.6477.75194585.6632.5700.9759.3832.09321

1,051.3

1,151.91,268.71,302.0

1,125.81,114.911616l>05.1

1,253.1125141*285 11,285.2

1,305.01 299.3l'29O71J313.0

Inven-tory

change

1.7

= 1,6

.4

2.24.51.8

= .6-1 .0-1 .0

6.4

1.7=3.1

6.810.33.1.4

-1 .56.04.71.3

-1 .55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

=6.911.823.026.514.3

= 10.020.5

-21.4

= .7— 4

= 2 U= 17.7

12.224.631.813.2

-35.6= 16.2

4.7= 38.5

Goods

Durable goods

Finalsales

16.1

5.4

12.4

15.423.834.554.258.550.131.844.448.050.0

56.266.472.577.873.981.485.991.384.490.8

93.392.7

102.9109.4118.9131.6147.0153.5167.9178.5

179.2187.1207.4237.6250.7279.4312.5354.9402.1454.3

482.5519.4510.7

488.1461.4481.2499.2

519.8519.7527.5510.5

513.2512.6506.8510.3

Inven-tory

change

1.4

=.5

.3

1.23.11.0.0

= .6-1 .3

5.31.41.0

-1 .8

3.66.11.21.5

-2 .53.42.1

=2.83.1

1.6=.13̂ 42.74.06.7

10.25.54.76.4

= .12.87.2

13.112.0

-8 .47.7

10.419.110.5

= 5.28.7

= 15.5

-11.8= .5

-13.14.6

2.218.519 8

-5 .6

=30.96.6

10.1-34.7

Nondurable goods

Finalsales

38.3

23.2

36.2

38.444.257.466.874.879.887.195.9

101.7100.9

99.4112.8119.0124.9123.7127.1132.7139.6145.3152.1

158.0162.4169.3174.9185.3196.9213.9225.6245.5261,9

277.5290.6312.0348.0381.8421.5446.7477.2530.1597.0

669.4749.4791.3

637.7653,5680.4705.9

733.3731.7757.6774.7

791.8786.7783.9802.7

lnven»tory

change

0.3

= 1.1

.1

1.01.4

- .6

.21.1

= 1.93.7

= 1.3

3.24.22.0

- 1 . 11.02.62.6

.81.32.5

1.32.42.83.31.63.23.94.93.13.4

3.34.83.05.32.21.54.212.67.33.8

=4.811.7

=5.9

11.1.0

8.1=22.3

10.06.1

12.018.9

=4.8-9 .6=-5.4-3 .8

Services

35,9

25.9

34.4

35.740.850.863.072.377.068.871.677.282.2

88.5103.5113.9121.6126.2136.1146.2158.7167.7179.8

193.8207.0222.0237.1255.0273.3299.0326.5358.2391.9

429.9472.0519.0571.5636.1705.2779.3867.2972.2

1,089.7

1,225.51,364.31.492.1

1,174.71,207.21,243.31,277.0

1,313.51,340.21,382.11,421.5

1,444.41,476.71,509.51,537.6

Struc-tures

11.4

2.9

7.5

8.311.814.08.76.16.5

15.721.728.028.4

35.637.839.442.044.549.552.253,053.859.5

58.560.264.569.372.979.382.083.694.0

101.8

102.9120.3137.3150.8151.4150.0167.6196.1233.1262.5

265.7284.2284.9

276.0251.8259.9275.1

286.1285.6281.9283.3

281.7285.3283.2289.2

Autooutput

7"28.8

11.9

15.413.312.016.114.721.216.919.414.419.4

21.317.822.525.225.931.230.428.035.134.9

28.739.141.646.239.240.755.965.169.568.0

59.869.265.7

63.151.956.867.5

66.173.778.758.3

53.569.975,264.3



TABLE B-7.—Gross national product by major type of product in 1972 dollars, 1929-82

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

Year orquarter


Finalsales

Inven-tory

change

Goods

Total

Total Finalsales

Inven-tory

change

Durable goods

Finalsales

Inven-tory

change

Nondurable goods

Finalsales

Inven-tory

change

Services Struc-tures

Autooutput

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

19601961196219631964196519661967.19681969

1970197119721973197419751976197719781979 ........

198019811982 >

1980:

\\"""ZZIIIIV

1981:IIIIllIV

1982:IIIIllIV P.

315.7

222.1

319.8

344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

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

1,474.01,502.61,475.5

1,494.91,457.81,463.81,479.4

1,507.81,502.21,510.41,490.1

1,470.71,478.41,481.11,471.7

311.0

227.0

318.2

337.9388.4456.5531.5571.4564.0466.1470.6484.3496.6

524.2565.6596.5622.1618.2649.8665.8682.2682.7714.7

733.7753.7792.4825.0869.3917.5968.0999.2

1,049.11,076.6

1,081.81,114.31,175.71,237.11,234.71,238.41,290.41,356.41,422.61,472.2

1,479.01,493.71,484.0

1,497.51,460.31,472.31,485.7

1,505.41,490.11,493.91,485.3

1,486.11,482.71,477.81,489.3

4.6

-4 .9

1.6

6.212.05.2

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

-4 .4

10.613.74.31.5

-2.27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 . 77.8

13.316.07.3

- 5 . 09.0

- 8 . 5

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

2.412.116.54.8

-15.4-4 .4

3.4-17.7

144.3

97.5

154.3

171.7198.6221.4263.3287.3278.5238.3237.7244.8240.3

261.5283.7292.1306.8292.7316.7320.9321.7311.6332.5

335.8338.0361.3372.2393.8422.6456.4463.4483.1496.0

486.9497.2529.6572.3562.5547.4587.2628.1662.0677.7

667.9689.5661.1

682.5658.2659.5671.6

692.8689.8697.2678.0

661.8663.2665.1654.5

139.7

102.3

152.7

165.5186.6216.2263.3289.6282.2226.2237.9239.4244.7

250.9270.0287.8305.3294.9309.0315.1320.2313.4325.5

332.3335.0353.5364.7386.7410.8439.6451.2474.1484.9

483.2489.1519.4555.1550.9554.2579.4614.8645.9670.4

672.9680.5669.6

685.1660.7668.0677.8

690.4677.7680.7673.2

677.2667.5661.7672.1

4.6

- 4 . 9

1.6

6.212.05.2

-2.3-3 .612.2- . 25.5

- 4 . 4

10.613.74.31.5

- 2 . 27.75.81.5

- 1 . 87.0

3.53.07.87.57.1

11.816.812.29.0

11.1

3.88.1

10.217.211.6

- 6 . 77.8

13.316.07.3

-5 .09.0

- 8 . 5

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

2.412.116.54.8

-15.4-4 .4

3.4-17.7

40.4

17.5

35.5

43.157.875.7

118.8135.9121.260.375.577.378.3

86.198.2

107.9116.2109.0117.2117.8119.4109.2113.6

115.6114.7125.7132.5143.0157.2174.0178.3187.4193.0

187.5188.7207.4236.1234.1230.2242.7264.7285.4299.1

290.8289.3273.3

304.2279.8286.9292.4

298.9290.5290.2277.6

278.7274.9269.2270.6

3.5

- 2 . 1

.7

3.48.23.5

- 1 . 8- 3 . 710.81.41.6

- 2 . 9

5.59.01.72.3

- 3 . 74.52.9

.9- 3 . 4

3.9

2.0- . 14.23.45.18.2

12.36.65.47.2

.03.07.2

12.79.4

- 6 . 45.46.9

11.86.2

- 2 . 63.8

- 6 . 5

- 4 . 7- 1 . 2- 6 . 2

1.8

.19.18.6

- 2 . 5

-13.7- 2 . 6

4.8-14.7

99.3

84.9

117.2

122.4128.7140.5144.4153.7161,0165.8162.4162.1166.4

164.8171.8179.9189.1185.9191.9197.2200.8204.3211.9

216.6220.3227.8232.2243.7253.6265.6272.9286.7291.9

295.7300.4312.0319.0316.8324.0336.7350.1360.5371.3

382.1391.2396.3

380.8380.9381.1385.5

391.5387.2390.5395.6

398.5392.6392.5401.5

1.1

- 2 . 8

2.83.81.7

- . 6- . 5

U- 1 . 6

3.8- 1 . 5

5.14.72.6

- . 81.53.22.9

.61.63.1

1.63.03.74.21.93.64.55.63.63.9

3.75.13.04.52.2

~2A6.34.31.1

- 2 . 45.1

- 2 . 0

2.2- 1 . 3- 2 . 4- 8 . 0

2.33.07.97.3

- 1 . 7- 1 . 7- 1 , 5- 2 . 9

127.4

110.7

135.2

139.9158.5193.9242.0263.7263.0200.8188.1192.5198.3

207.4231.3243.2247.5249.1260.1270.2282.4287.6299.4

312.5326.9341.5356.2374.0390.7412.6434.1453.0469.2

482.4497.8519.0542.8562.8575.9595.0617.3644.7670.7

687.1695.6701.3

684.2686.0690.0688.2

693.1693.2697.5698.6

697.0702.2703.6702.3

43.9

14.0

30.3

32.543.346.326.218.118.839.144.652.453.6

65.964.365.569.374.380.780.579.781.789.8

89.091.797.4

104.1108.6116.0115.9113.9122.0122.5

116.3127.3137.3139.1121.0108.3116.0124.4131.9131.0

118.9117.6113.1

128.3113.6114.3119.6

121.9119.2115.7113,4

111.9113.0112.5114.9

12.313.918.0

23.019.317.122.621.629.823.024.518.623.2

25.321.226.028.729.435.734.831.838.537.4

29.838.941.646.437.135.745.350.750.347.0

38.741.537.6

42.033.836.742.2

41.644.545.634.4

31.339.742.337.1



TABLE B-8.—Gross national product by sector, 1929-82


Year or quarter

1929

1933

1939

19401941...19421943194419451946194719481949...

1950...19511952...195319541955 ..19561957...19581959..

1960..19611962...1963196419651966196719681969

197019711972... , ..197319741975..197619771978.1979

1980..19811982 p.

1980:

IIIIIIV

1981:1IIIllIV....

1982:I

IllIV P


1034

55.8

90.9

100.0125 0158.5192.1210.6212 4209.82331259.5258.3

286 5330.8348 0366 8366.8400 0421.7444 0449.7487.9

506 5524.6565 0596.7637 7691.1756 0799.6873 4944.0

992 71,077.61185 91,326.41434 21,549.21,718.01,918.32,163.92,417.8

2,633.12,937.73.057.5

2,575.92,573.42,643.72,739.4

2,864.92,901.82,980.93,003,2

2,995.53,045.23 088 23,101.3

Gross domestic product

Total1

102.6

55.5

90.5

99.6124.5157.9191.6210.1212.0209.0231.8257.9256.9

284.8328.7345.7364.6364.5397.3418.5440.5446.6484.6

5029520.7560.5591.8632.3685.2750.3793.7866.7937.1

98541,068.51,175.01,310.41,414.41,531.91,697.51,894.92,134.32,375.2

2,587.02,888.53,011.9

2,527.22,526.62,597.82,696.5

2.817.92,855.22,931.22,949.8

2,949.62,995.73,041.63,060.5

Business *

Total

95.4

49.1

80.6

89.4112.6139.9162.8174.2172.8183.8210 0234.9231.5

257 5294.4307.3324 9323.9354 0372.1390 8393.1428.3

442 0455.7490 6517.25516598.4652.6685.17454803.2

837 3907.1998 6

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

2,228.82,492.42,582.5

2,183.32,173.72,237.22,321.1

2,433.42,463.92 533.92,538.6

2,530.62,570.12,610.02,619.3

Nonfarm1

84.7

43.8

72.9

81.8103.1127.7149.3156.2152.7164.4188 2213.1212.2

236 3268.3283 4302 3302.3333 9355.7373 7372.2410.6

424 2435.74681495.0532 2577.76284663.3725 0782.1

8131875.4963 4

1,068.01155 01,247.31,396.31,574.21,781.01,982.1

2,159.52,418.52,507.6

2,106.42.108.62,168.02,255.2

2,357.52,394.62 454 72,467.4

2,465.12,494.42 530.22,540.6

Farm

9.74.6

6.3

6.48.9

13.015.315.316.018.820.223.318.8

20.022.922.220.319.718.818.618.420.719.0

20 220.220 420.519 321.922.822.122.625.1

25 827.631949.947 748.945.948.458.771.6

65.475.874.8

66.361.267.066.9

70.873.980.178.4

72.974.876.175.2

Statis-tical

discrep-ancy

1.1

.7

1.4

1.1.6

- . 8- 1 . 8

2.74.1

.51.5

- 1 . 6.6

133.21.7232.013

-2 .1- 1 2

.213

24- .1211.7

1- 1 . 2

1.4.3

- 2 . 1-3 .9

154.13 3

.8375.55.11.4

-2 .6- 1 . 5

3.91.9.1

10.53.82.2

-1 .0

5.1- 4 . 6= .8

- 7 . 2

- 7 . 5.8

3.63.6

House-holdsandinsti-

tutions

2.S

1.7

2.3

2.42.52.93.23.74.14.55.15.65.9

6.46.97.27.88.19.19.8

10.511.412.3

13 814.415.516.617.819.221.123.426.129.4

32.335.438.642.145.850.655.660.567.875.6

85.496.4

106.7

81.584.086.589.7

92.995.297.1

100.3

103.3105.3107.9110.4

Governmen

Total

4.3

4.7

7.6

7.89.4

15.125.632.235.220.816 717.419.4

20.927.431.231932.534.236.639142.144.0

47150.554 358.062.967.676.585.195.2

104.5

115 8126.0137 8149.6162 2179.6194.6210.3229.3247.4

272.82997322.7

262.4269.0274.0285.8

291.6296.2300.1310.9

315.8320.3323.8330.8

Federal

0.9

1.2

3.4

3.55.0

10.620.927.229.814.69.48.9

10.0

10.716.218.918.617.818.419.019.620.520.9

21.722.624.125.227.028.332.435.639.341.9

44.846.850.151.954.959.062.466.371.775.7

82.992.399.8

79.881.481.688.7

89.990.591.097.9

98.698.999.1

102.4

2

Stateandlocal

3.5

3.5

4.2

4.34.44.54.74.95.46.27.38.59.4

10.111.212.313 314.715.817.619 621.623.1

25.527.930.232.935.939.344.149.555.962.6

71179.387.797.7

107.3120.6132.3144.0157.6171.8

189.9207.4222.9

182.7187.6192.4197.0

201.7205.6209.2213.0

217.1221.4224.7228.4

Restof theworld

0.8

.3

.5

.4

•5

.5

.4

.81.21.61.4

1.62.12.3222.32.83.23.53.03.3

3.63.94.64.95.55.95.65.96.76.9

7.39.2

10.916.019.817.320.523.529.642.6

46.149.245.7

48.746.845.942.9

47.146.649.753.3

45.849.546.640.8

Percent

frompreced-

period,gross

nationalproduct3

6.6

=4.2

7.0

10.025.026.721.3

9.6.9

-=1.211.111.3= .5

10.915.55.254

.0905.45.31.38.5

3.83.67.75.66.98.49.45.89.28.1

5.28.6

10.111.88.18.0

10.911.712.811.7

8.911.64.1

12.2

15.3

19.65.3

11.43.0

- 1 . 06.85.81.7

1 Includes compensation of employees in government enterprises.8 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.


172


TABLE B-9.—Gross national product by sector in 1972 dollars, 1929-82


Year or quarterPrrxeeUfOSS

nationalproduct

315.7

222.1

319.8

344.1400.4461.7531.6569.1560.4478.3470.3489.8492.2

534.8579.4600.8623.6616.1657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4929.3984.8

1,011.41,058.11,087.6

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

1,474.01,502.61,475.5

1,494.91,457.81,463.81,479.4

1,507.81,502.21,510.41,490.1

1,470.71,478.41,481.11,471.7


Total

313.2

220.9

318.2

342.8398.7460.1530.3567.7559.3476.4467.8486.8489.4

531.8575.6596.9619.8612.1653.0666.5678.3676.2716.8

732.0751.0793.8825.6868.9921.4977.5

1,003.91,050.01,079.7

1,077.61,112.81,175.01,239.21.229.01,217.81.282.61,352.81,418.71,453.2

1,447.91,477.21,453.2

1,466.41,431.01,438.11,456.0

1,482.81,477.81,485.01,463.3

1,448.01,454.11,458.61,452.2

Businessl

Totall

271.5

180.0

261.0

282.7327.6361.8385.6403.6397.9385.5393.8412.0409.8

448.7478.0492.8515.6508.5547.0557.4566.1561.7600.0

610.1625.1663.2691.6730.3777.7824.0842.0882.1907.1

904.8938.6998.6

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

1,246.71,274.31,249.7

1,266.61,230.01,236.21,254.0

1,279.71,274.81,282.41,260.2

1,244.41,250.51,255.41,248.4

Nonfarm1

244.7

152.5

231.3

254.6299.8335.3362.1370.1362.8358.6367.0389.0383.4

419.4447.2463.7484.3477.0516.0531.5539.5532.0574.0

584.2596.3631.5659.7701.3749.6794.1812.8855.6881.9

875.4901.7963.4

1,028.41,012.4

994.51,059.51,129.51,193.51,222.4

1,210.31,236.81,210.1

1,224.91,192.61,200.91,222.6

1,242.91,240.91,241.91,221.5

1,210.01,212.21,214.41,204.0

Farm

23.6

24.9

25.2

24.526.228.627.727.125.625.824.025.825.6

27.025.826.427.728.429.328.928.229.327.8

29.228.928.829.628.829.828.229.529.029.5

31.132.631.931.631.833.632.133.132.634.2

34.238.439.6

35.635.334.032.0

34.136.340.942.3

38.138.039.342.8

Statisti-raiC3I

discrep-ancy

3.1

2.6

4.6

3.61.6

- 2 . 1- 4 . 2

6.49.41.12.9

- 2 . 8.8

2.45.02.63.63.11.8

- 3 . 0- 1 . 7

.3- 1 . 9

- 3 . 3- .22.92.3.2

- 1 . 61.7

- .3- 2 . 5- 4 . 4

- 1 . 74.23.3.7

3.24.43.81.0

-1.8-1.0

2.2- . 9

.0

6.12.11.2

- .5

2.7- 2 . 4- .4

- 3 . 6

- 3 . 7.4

1.71.7

Urn teanouse-holds

andinsti-

tutions

15.6

12.2

15.1

16.115.916.415.215.115.015.116.016.717.3

18.318.718.619.319.421.422.523.124.224J

26.627.028.128.929.830.932.634.335.437.0

36.737.638.639.439.340.540.941.543.344.6

45.846.948.1

45.345.446.046.4

46.846.746.747.4

47.847.948.048.6

Government2

Total

26.2

28.8

42.1

44.055.281.9

129.4149.1146.475.958.058.162.3

64.779.085.585.084.184.686.789.190.392.2

95.398.9

102.5105.2108.8112.7120.8127.7132.4135.7

136.1136.7137.8139.1142.3144.9146.3147.7151.2153.0

155.4156.0155.4

154.4155.6155.9155.7

156.3156.2155.9155.8

155.7155.7155.2155.1

Federal

5.2

6.6

16.9

18.629.656.7

105.0125.2121.849.729.829.231.3

32.746.251.649.647.245.945.645.844.544.5

45.246.248.348.248.548.753.057.258.058.2

55.252.550.148.248.548.448.548.649.349.0

49.549.749.8

49.049.849.849.4

49.649.749.849.8

49.849.849.849.9

Stateandlocal

21.0

22.1

25.2

25.425.625.224.523.924.626.228.229.031.0

32.032,833.935.436.938.641.043.345.847.7

50.152754.357.060.464.067.970.574.477.4

80.984.287.790.893.896.597.899.1

101.9104.1

105.9106.3105.6

105.4105.8106.1106.3

106.8106.5106.1106.0

106.0105.9105.4105.3

Restof theworld

2.4

1.3

1.6

1.41.71.51.31.41.11.82.53.02.7

3.03.73.93.74.04.55.15.54.64.9

5.25.76.56.97.57.97.47.58.27.9

8.09.5

10.915.117.313.815.616.919.926.3

26.125.422.2

28.626.825.723.4

25.024.425.426.7

22.724.222.519.5

Percentchangefrom

preced-ing

period,gross

nationalproduct3

6.6

- 2 . 2

7.8

7.616.315.315.17.1

- 1 . 5-14 .7

- 1 . 74.1.5

8.78.33.73.8

- 1 . 26.72.11.8

- .46.0

2.22.65.84.05.36.06.02.74.62.8

- .23.45.75.8

- .6- 1 . 2

5.45.55.02.8

- .41.9

-1.8

1.5-9.6

1.64.3

7.9-1.5

2.2-5.3

- 5 . 12.1

.7- 2 . 5

1929

1933

1939

194019411942194319441945194619471948....1949

1950195119521953195419551956195719581959....

196019611962....1963196419651966....196719681969....

197019711972....1973....197419751976....1977 ....1978....1979....

1980....1981....1982 »..

1980:IIIIllIV

1981:

if.'.'."'.IllIV

1982:

if.'."'.!IllI V . .

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.3 Changes are based on unrounded data and therefore may differ slightly from changes computed from data shown here.Source: Department of Commerce, Bureau of Economic Analysis.

173


TABLE B-10.—Gross national product by industry, 1947-81

[Billions of dollars]

Year

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981

Grossnation-alprod-uct

233.1259.5258.3

286.5330.8348.0366.8366.8

400.0421.7444.0449.7487.9

506.5524.6565.0596.7637.7

691.1756.0799.6873.4944.0

992.71,077.61,185.91,326.41,434.2

1,549.21,718.01,918.32,163.92,417.8

2,633.12,937.7

AnrirnlAgricul-ture,forestry,

andfisheries

20.824.019.5

20.823.823.121.320.7

19.919.719.521.920.2

21.421.521.922.021.0

23.824.824.225.027.8

28.630.835.453.852.2

53.351.254.666.079.6

74.185.6

Mining

6.89.48.1

9.310.210.110.610.9

12.413.413.512.412.3

12.612.712.813.113.4

13.514.214.615.316.1

17.617.419.021.732.2

38.843.047.452.066.8

94.1127.2

fVincon-

struction

9.111.511.5

13.015.416.617.117.2

18.520.621.421.022.8

23.224.025.727.429.8

32.835.937.541.346.3

48.953.659.466.369.2

69.976.686.6

102.1115.7

121.2127.2


Manufacturing

Total

66.274.772.1

83.798.7

103.0112.1106.4

120.9126.8131.4123.8141.3

143.8144.4157.9167.4179.4

197.7216.6222.3242.8256.7

252.2265.6292.5326.1340.7

358.2410.4464.8518.7563.2

581.2644.0

Dura-ble

goods

33.538.137.1

45.855.458.965.960.8

70.673.777.769.781.2

82.181.391.597.6

105.3

118.0130.4133.6146.0154.5

146.2153.9173.2195.9201.3

207.6240.0277.7316.7344.3

347.8388.4

Non-durablegoods

32.736.535.0

37.943.344.146.245.6

50.353.253.754.160.0

61.763.166.469.874.2

79.786.388.796.8

102.2

105.9111.7119,3130.2139.4

150.6170.4187.1202.0218.9

233.4255.6

Trans*portationand

publicutilities

20.523.123.4

25.729.231.032.932.6

35.638.340.240.443.7

45.847.450.253.056.3

60.565.368.674.080.0

85.793.8

104.3114.3122.9

135.7152.6170.9193.3209.6

232.4261.9

Ulhnlownoie-sale

andretailtrade

44.248.448.0

51.356.458.559.860.8

66.270.473.975.281.9

84.286.392.196.1

104.7

112.6121.5130.1144.4157.0

166.5181.4199.5221.5241.5

266.2291.4322.3362.3401.5

425.7472.7

Fi-nance,insur-ance,andreal

estate

23.226.228.6

31.935.238.742.846.5

50.053.557.662.467.3

71.675.480.685.391.0

98.0105.9114.2123.8133.6

142.4156.4169.8184.9202.0

216.2238.6275.5317.4358.3

405.2448.2

Services

20.221.922.6

24.025.927.529.430.5

34.037.340.242.346.3

49.252.356.160.065.3

70.878.486.194.2

105.3

114.4123.6136.5153.1167.5

186.2208.2234.3265.9302.4

342.5386.9

Govern-mentand

govern-mententer-prises

19.320.222.5

23.830.835.336.436.9

38.540.744.047.150.0

53.456.761.165.971.2

76.786.496.3

108.1118.2

130.5141,8155.4167.8182.7

202.0220.4237.2259.1279.6

306.8336.7

Statisti-Cdl

discrep-ancy

1.51.6.6

1.33.2

.1.72.32.0

1.3- 2 . 1= 1.2

.2- 1 . 3

- 2 . 4= .12.11.7.1

= 1.21.4

— 3- 2 ! l- 3 . 9

= 1.54.13.3.8

3.7

5.55.11.4

=2,6= 1.5

3.9- 1 . 9

Daetnestof the

world

1.21.61.4

1.62.12.32.22.3

2,83.23.53.03.3

3.63.94.64.95.5

5.95.65.96.76.9

7.39.2

10.916.019.8

17.320.523.529.642.6

46.149.2

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


TABLE B-ll.—Gross national product by industry in 1972 dollars, 1947-81

[Billions of 1972 dollars]

YearGross

nationalproduct


Agri-culture,forest-ry, andfisher-

ies

Min-ing

Con-struc-tion

Manufacturing

TotalDura-

blegoods

Non-durable

Trans-por-

tationand

publicutil-ities

Whole-saleand

retailtrade

Fi-nance,insur-ance,andreat

estate

Serv-ices

Govern-mentand


Sta-tis-ticaldis-

crep-ancy

Resid-ual '

Restof theworld

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981

470.3489.8492.2

534.8579.4600.8623.6616.1

657.5671.6683.8680.9721.7

737.2756.6800.3832.5876.4

929.3984.8

1,011.41,058.11,087.6

1,085.61,122.41,185.91,254.31,246.3

1,231.61,298.21,369.71,438.61,479.4

1,474.01,502.6

26.328.228.0

29.328.429.230.531.3

32.131.731.132.230.6

32.131.831.732.531.8

32.831.332.632.132.7

34.435.935.435.335.8

37.135.836.937.038.9

39.143.4

10.811.39.9

11.112.111.912.211.8

13.213.913.812.713.3

13.513.613.914.515.1

15.716.517.017.618.2

18.918.419.019.219.2

18.919.119.520.120.8

21.622.3

22.926.526.5

29.332.533.834.836.0

38.240.940.942.145.5

46.146.748.449.952.2

54.454.653.456.955.8

53.457.959.460.153.3

48.352.855.058.858.2

53.352.0

114.9121.4115.1

131.1146.0150.8161.1149.6

165.7166.9167.7153.3171.2

171.8172.0186.7202.2216.7

236.7254.9254.3268.2277.2

261.2266.8292.5325.3311.7

289.6317.4339.2357.2367.0

351.2359.2

68.572.066.3

78.189.994.3

102.691.7

103.4102.5102.988.8

100.9

101.099.5

110.0119.5129.8

144.6157.3157.4165.5170.3

155.2156.4173.2194.2186.3

168.8187.2202.9217.4223.4

210.0215.3

46.449.448.8

53.056.156.558.557.9

62.364.464.864.570.3

70.872.576.782.886.8

92.097.696.9

102.7106.8

106.0110.4119.3131.1125.3

120.8130.1136.3139.8143.6

141.2143.9

42.342.139.2

41.245.545.546.645.8

49.752.153.251.955.4

57.558.661.565.068.1

73.479.481.688.292.6

94.997.9

104.3110.6111.9

113.5118.6125.1134.2140.0

140.8142.1

75.978.079.8

87.588.391.093.994.5

103.1106.2107.9107.8115.4

117.5118.7126.3131.1139.1

148.2156.3160.1169.9173.6

176,4185.5199.5211.1207.0

209.7220.2231.0244.6250.7

243.3250.4

54.756.659.8

63.966.770.973.977.3

81.885.889.893.498.5

102.7107.3113.3116.8122.1

128.5133.9139.4145.7152.9

155.8162.6169.8177.2184.5

187.9194.8207.2217.8229.4

237.9243.6

55.957.557.6

59.760.861.662.762.9

67.670.974.176.280.8

83.586.690.394.098.8

103.1109.0115.0118.8124.0

126.7128.4136.5144.8147.9

148.5154.7164.3174.2183.0

189.0196.7

68.769.273.3

75.690.096.996.395.2

95.797.8

100.4101.7104.0

107.7111.6115.5118.7123.1

127.8136.9144.1148.9152.5

152.9153.9155.4157.2161.2

164.3165.7167.5171.7174.3

177.3178.1

2.45.02.63.63.1

1.8- 3 . 0- 1 . 7

.3- 1 . 9

- 3 . 3- . 22,92.3

-1 .61.7

- l i s- 4 . 4

- 1 . 74.23.3

4.43.81.0

- 1 . 8- 1 . 0

2.2- . 9

- 7 . 4-1 .2

- . 6

.8

.22.64.14.6

4.23.4

.94.54.0

3.14.43.2

- 1 . 51.7

2.33.06.76.24.6

4.71.2

.0- 2 . 5- 6 . 5

- 4 . 2- . 26.04.9

- 8 . 1

- 7 . 7- 9 . 7

2.53.02.7

3.03.73.93.74.0

4.55.15.54.64.9

5.25.76.56.97.5

7.97.47.58.27.9

8.09.5

10.915.117.3

13.815.616.919.926.3

26.125.4

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

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


T A B L E B-12.—Gross domestic product of nonfinancial corporate business, 1929-82


Year orquarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982"

1980:

ll"Z!Z!I l l

IV1981:

1

nZZZIIIIV

1 9 8 2 :1IIIllIV "

GrossHnmacdomes-

ticproduct

ofnon-

financialcorpo-rate

business

50.124.443.7

50.465.682.998.7

102.195.399.3

120.0137.3133.5

151.9174.5182.3195.0191.9216.7231.6242.3236.3266.0

277.0285.0311.3331.8358.4393.6431.5454.1500.2544.1

563.7609.9678.0759.4818.9890.0

1,001.31,128.41,276.21,416.8

1,537.71.732.31,779.3

1,501.11,499 71,543.61,606.5

1,683.31,715.01,763.61,767.2

1,756.61,771.01,794.4

Capitalconsump-

tionallow-anceswith

capitalconsump-

tionadjust-ment

5.54.34.84.95.46.16.26.36.57.69.3

10.911.7

12.614.615.816.817.919.121.823.824.825.8

26.827.528.429.430.832.735.638.942.647.1

52.257.362.667.979.594.9

104.8115.7130.9149.6

172.0195.8213.7

162.7169.3175.4180.8

186.3192.6199.1205.1

207.8212.1216.0219.0

Total

44.520,239.0

45.460.276.892,495.888.891.8

110.7126.4121.8

139.3159.9166.6178.2174.0197.6209.8218.5211.6240.2

250.2257.5283.0302.3327.6360.9395.9415.2457.6497.0

511.4552.6615.5691.6739.4795.1896.5

1,012.71,145.31,267.3

1,365.71,536.51,565.6

1,338.41,330.51,368.21,425.7

1,497.01,522.41,564.51,562.0

1,548.81,559.01,578.4

Indi-rectbusi-nesstax,

etc.1

3.43.85.15.56.46.87.38.18.9

10.111.212.112.6

14.115.216.818.217.419.220.822.422.825.4

28.330.133.035.638.441.142.945.851.558.0

63.470.576.783.789.797.1

105.3112.6122.0130.5

148.6178.3182.0

138.4143.5151.3161.0

172.9179.0179.9181.3

176.3181.2184.2186.4

Total

41.216.333.9

40.053.870.085.287.779.981.699.6

114.3109.2

125.2144.7149.7160.0156.6178.4189.0196.1188.8214.8

221.9227.3249.9266.8289.3319.8353.0369.5406.1439.1

448.1482.1538.7607.9649.7697.9791.2900.1

1,023.31,136.7

1,217.11,358.21,383.6

1,200.01,186.91,216.91,264.7

1,324.01,343.41,384.51,380.8

1.372.41,377.81,394.2

Compen-sation

ofemploy-

ees

32.316.728.2

31.239.851.062.265.161.967.279.187.885.3

94.7110.2118.3128.7126.5138.5151.4159.1155.9171.6

181.1185.1199.8210.7226.3246.1273.5291.9322.8358.5

378.4402.0447.0506.2556.5581.1654.4738.5844.3958.1

1,041.71,150.11,189.2

1,020.61,023.61,043.21,079.6

1,118.61,140.01,167.01,174.5

1,181.61,190.41,195.81,188.8

Net domestic product

Domestic income

Corporate profits with inventory valuation and capitalconsumption adjustments

Total

7.5-2 .1

4.27.4

12.717.721.821.617.113.819.725.622.9

29.633.430.230.028.638.335.934.930.240.1

37.438.345.651.257.767.772.268.873.367.5

52.762.172.778.663.686.1

107.3129.5142.1134.7

123.0145.6121.9

129.6112.8121.8127.7

150.4142.1151.8138.2

120.3114.8125.3

Profits

Profitsbefore

tax

8.4.6

6.1B.B

16.420.123.622.217.822.029.131.824.9

38.539.133.834.932.142.041.839.833.743.1

39.739.544.248.955.465.270.366.372.969.4

56.865.476.696.0

105.3107.3135.0156.5178.4191.8

183.0186.6136.5

201.6157.4181.3191.6

202.5181.8191.5170.5

134.8131.3139.8

Prof-itstax

liabili-ty

1.2.5

1.42.77.5

11.213.812.610.28.6

10.811.89.3

16.921.217.818.515.620.220.119.116.220.7

19.219.520.622.824.027.229.527.733.433.1

27.029.833.640.042.041.252.659.666.969.2

64.863.340.6

74.353.563.667.8

71.561.465.554.8

38.937.142.1

Profits after tax

Total

7.3.1

4.76.19.08.99,89.67.6

13.418.320.015.6

21.617.916.016.416.421.821.820.717.522.4

20.520.123.526.231.438.040.838.639.536.2

29.835.643.056.063.366.182.396.8

111.5122.5

118.2123.395.9

127.3103.9117.7123.8

131.0120.4126.0115.7

95.894.297.6

Divi-dends

5.12.03.33.53.93.73.94.14.14.85.56.06.07.57.17.17.37.48.59.09.39.3

10.0

10.610.611.412.613.715.616.817.519.119.1

18.518.520.121.121.425.730.131.937.739.8

42.452.961.0

38.342.743.544.9

49.451.254.456J

58.059.762.663.8

Undis-tributedprofits

2.2-1 .9

1.42.65.05.25.85.63.58.6

12.814.09.6

14.110.88.89.19.0

13.412.711.48.2

12.4

9.99.5

12.213.517.722.424.021.220.417.1

11.317.122.935.041.940.452.264.973.882.8

75.870.334.9

89.061.274.278.9

81.669.271.658.9

37.834.535.0

Inven-tory

valua-tion

adjust-ment

0.5- 2 . 1-.7=.2

-2 .5- 1 . 2

— 8-'.Z- .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-=.3

- .2.3.0.1

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

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

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

-43.0-24.6"9.4

-57.2-28.2-41.1-45 .5

-35 .5-22 .8-23.0-17.1

- 4 . 4-=9.4

= 10.3-13.4

Capitalconsump-

tionadjust-ment

= 1.4= .6

= 1.1

- 1 . 2- 1 . 3= 1.2- .9- .3= .2

=3.03 5

=3.9

=3.9=4.6- 4 . 5-3 .9- 3 . 2- 2 . 0=3.2=3.4- 3 . 2-2 .7

=2.1- 1 . 5

1.42.32.93.73.94.04.04.02.41.32.72.6

=1.8-9 .7

-13 .0= 10.8-12.3= 13.9

-17.0= 16.3- 5 . 2

-14 .8™ 16.3-18 .4= 18.4

-16 .6-16.9= 16.7= 15.1

-10.0= 7.1=4.2

.5

Netinter-est

1.41.71,51.41.31.31.11.01.0.7.8.9

1.0.9

1.11.21.31.51.61.72.22.73.13.53.94.54.85.36.17.48.7

10.113.1

17.018.019.123.029.630.829.532.136.943,9

52.462.572.5

49.850.551.857.5

55.061.265.768.1

70.572.673.173.8

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

176


TABLE B-13.—Output, costs, and profits of nonfinancial corporate business, 1948-82

[Quarterly data at seasonally adjusted annual rates]

Year orquarter

19481949

195019511952..19531954

19551956195719581959.

19601961196219631964

19651966..196719681969

19701971197219731974

19751976197719781979

198019811982*.

1980:

IIIllIV

1981:

IIIIIIV

1982:

\\ZZZZ.Ill

Gross domestic

nonfinancialcorporate

business (billionsof dollars)

Currentdollars

137 3133.5

151.9174 5182.3195.0191.9

216.723L6242.3236.3266.0

277.0285.0311.33318358.4

393.64315454.1500.2544.1

563.7609.9678.0759.4818.9

890.0100131,128.41,276.21,416.8

1,537.71,732.31,779.3

1,501.11,499.71,543.61,606.5

1683 3l>15.01,763.61,767.2

1,756.61,771.01,794.4

1972dollars

229 7219.9

247.52702275.2292.0283.4

315.1324.1328.3313.4347.4

358.4367.2399.74263455.6

495.2530.7543.0578.9604.0

599.6626.8678.0731.9708.2

694.2745.5795.8846.3876.1

860.3881.3856.4

874.1847.3852.5867.4

883 0884.2887.5870.4

858.8857.9859.3

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

Totalcostand

profit2

0.598.607

.614646.663.668.677

.688

.715

.738

.754

.766

.773

.776

.779778.787

.795

.813

.836

.864

.901

.940

.9731.0001.0381.156

1.2821.3431.4181.5081.617

1.7871.9662.078

1.7171.7701.8111.852

1.9061.9401.9872.030

2.0452.0642.088

Capitalconsump-

tionallow-anceswith

capitalconsump-

tionadjust-ment

0 047.053

.051054.057.058.063

.061

.067

.073

.079

.074

.075

.075

.071069.068

.066

.067

.072

.074

.078

.087

.091

.092

.093

.112

.137141

.145

.155

.171

.200

.222

.250

.186

.200

.206

.208

211,218.224.236

.242

.247

.251

Indi-rectbusi-nesstax,

etc.3

0 053.057

.057056.061.062.061

.061

.064

.068

.073

.073

.079

.082

.083083.084

.083

.081

.084

.089

.096

.106

.113

.113

.114

.127

.140141

.141

.144

.149

.173

.202

.213

.158

.169

.178

.186

196.202.203.208

.205

.211

.214

Compen-sation

ofemploy-

ees

0 382.388

.383408.430.441.446

.439

.467

.484

.497

.494

.505

.504

.500494.497

.497

.515

.538

.558

.594

.631

.641

.659

.692

.786

.837878

.928

.9981.094

1.2111.3051.389

1.1681.2081.2241.245

12671.2891.3151.349

1.3761.3881.392

Corporate profits withinventory valuation and

capital consumptionadjustments

Total

0112.104

.120124

.110

.103

.101

.122

.111

.106

.097

.116

.104

.104

.114120

.127

.137

.136

.127

.127

.112

.088

.099

.107

.107

.090

.124144

.163

.168

.154

.143

.165

.142

.148

.133

.143

.147

170.161.171.159

.140

.134

.146

Profitstax

liability

0 051.042

.068079.065.063.055

.064

.062

.058

.052

.060

.054

.053

.052053.053

.055056.051.058.055

.045

.047

.049

.055

.059

.059071.075.079.079

.075

.072

.047

.085

.063

.075

.078

081.069.074.063

.045

.043

.049

Profitsaftertax4

0 060.062

051045045.040.046

057.049048.045.056

.051

.051

.062067.074

.082080.076.069.057

.043

.052

.058

.053

.030

.065073.088.089.075

.068

.093

.095

.063

.070

.068

.069

089.091.097.096

.095

.091

.097

Netinterest

0 004.004

.004004.004.004.005

.005

.005

.007

.009

.009

.010

.011

.011Oil.012

.012

.014

.016

.017

.022

.028

.029

.028

.031

.042

.044040.040.044.050

.061

.071

.085

.057

.060

.061

.066

.062

.069

.074

.078

.082

.085

.085

Outputper hour

of allemploy-

ees(1972

dollars)

5.2065.433

5.5365.7275 9976 2486.469

6.6736.7766.8477.0747.092

7.1157.4507.6647.8497.555

7.7748 0028.1448.2178.202

8.1698.311

8.1648.0898.1928.235

8 3288.3208.3248.273

8.2798.3348.429

Compen-sation

per hourof all

employ-ees

(dollars)

2.5892.684

2.7972.8872.9983 0893.213

3.3163.4923.6803.9454.209

4.4914.7785.0525.4295.937

6.5077.0247.5588.1998.970

9.89110.846

9.5339.771

10.02410.249

10 55110.72710.94711.163

11.39111.56411.730

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

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


TABLE B-14.—Personal consumption expenditures, 1929-82


Year or quarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 p

1980:I

tilIV

1981:

IIIIIIV

1982:

IIIIIIV P

consump-tion

expendi-tures

77.3

45.8

67.0

71.080.888.6994

108 2119 5143 8161 7174 7178 1

192 0207 L217 L229 1235 8253 7266 0280 4289 53108

324 9335 0355.2374 6400 54304465. L490 3536 95818

621.?672 2737 1812 0888 1976.4

1 084.31,204.41 346.51,507.2

1667 21,843.21,972.0

1618 71622 21682 01,745.8

1,799.91819 41,868.81,884.5

1919.41947 81,986.32,034.6

Durablegoods

9.2

3.5

6.7

7.89.76.96.56.780

15.820422.925.0

30829.829.132.531.838 637.939.336.842.4

43.141.646.751.456.463 068.070.180 585.7

85.297.2

111.1123.31215132.2156 8178.2200 2213.4

214 3234.6242.7

220 8199 0212 7224.7

236 9230 4241.2229.6

237.9240.7240.3251.7

Nondura-ble goods

37.7

22.3

35.1

37.042.950.858.664.371982.790.996.694.9

98 2108.8113.9116.5118.0122.9128.9135.2139.8146.4

1511155.3161.6167.1176.9188 6204.7212.6230 6247.8

265.7278.8300.6333 4373 4407.34417478.8528 2600.0

670.4734.5762.7

650 6656 7673 7700.5

720 6729 6741.3746.5

7491755 0768.4778.3

Services

30.3

20.1

25.2

26.228.231.034.337.139.645.350.455.358.2

63 068.574.080.686.192.199.2

105.9112.8121.9

130.7138.1147 0156.1167.1178 7192.4207.6225 8248.2

270.8296.2325.3355 2393 2437.0485 7547.46180693.7

782 5874.1966.6

747 3766 6795 6820.6

842 4859 4886.3908.3

932.49521977.6

1,004.5

Durable goods

Motorvehicles

and parts

3.3

1.1

2.3

2.83.5

.7

.8

.8104.16.68.0

10.6

13 712.211.313.913.017.815.817.214.818.9

19.717.821.524.426.130 030.430.136 338.7

36.245.452.457.150 455.872 684.895.796.6

89.798.6

106.2

97.979 288193.7

102194 2

104.093.9

103.2103 3104.3114.1

Furnitureand

householdequip-ment

4.7

1.9

3.4

3.84.84.63.93.8458.4

10.611.511.3

13.714.014.014.614.616.217.116.916.617.8

17.717.918.920.322.824 727.729.532 334.1

35.237.241.747.150 653.559165.772.881.8

86.393.492.7

85 583 486 090.4

93193 393.893.3

91.093 292.794.0

Other

1.2

.5

1.0

1.11.31.61.92.12.53.2333.43.2

333.63.94.14.24.65.05.25.45.8

5.85.86.36.77.68.39.9

10.511813.0

13.914.616.919.220 522.925.227.731.735.1

38.342.643.7

37.536 438 640.6

41.742 943.442.4

43.744.243.343.6

Nondurable goods

Food

19.5

11.5

19.1

20.223.428.433.236.740647.452 354.252.5

53960.463.464.465.467.269.973.676.479.1

81.183.285.587.892.798.9

106.6109.6118 7127.5

138.9144.2154.9172.1193.7213.6230.6249.8275.9311.6

343.7375.3397.8

333.9336 4346 4358.0

368.83721378.0382.3

387.9395 0401.3406.8

Clothingand

shoes

9.4

4.6

7.1

7.58.8

11.013.414.616 518.218 820.119.3

19 621.221.922.122.123.124.124.324.726.1

26.727.428.729.531.933.536.638.242.145.5

46.850.655.461.464.869.675.382.692.499.1

104.7114.6118.6

103.0102 2104 8108.9

112.3114 0115.9116.0

117.5118 4119.1119.5



TABLE B-14.—Personal consumption expenditures, 1929-82—Continued


Year orquarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 p

1980:|IIMlIV

1981:1IIIIIIV

1982:1IIIllIV

Nondurable goods-cont'd

Gasolineand oil

1.8

1.5

2.2

2.32.62.11.31.41.83.44.04.85.3

5.56.16.87.4788.69.4

10.210.611.3

12.012.012.612.913.514.716.017.018.620.7

22 423.925.428.636.640.444.048.151.266.6

87.096.893.9

82.086.187.092.8

95.296.797.797.5

95.391.394.294.9

Fuel oiland coal

1.6

1.2

1.4

1.51.7192.0202.22.53.03.43.1

3.43.53.43.4353.83.94.14.24.0

383.73.74.0414.44.74.84.74.5

444.5506.27.78.29.8

10 711.916.1

19.019.717.6

18.818.619.319.2

20.019.919.919.2

17.317.318 417.6

Other

5.4

3.5

5.3

5.66.4758.796

10.811.312.814.114.7

15.817.618.319.319 220.321.623.024.025.9

27 529.031.132.834 637.240.943.046.549.6

53 255.559 865.070.575.582.187 696.9

106.6

116.0128.2134.8

112.9113.4116.2121.6

124.3127.0129.8131.5

131.1133.1135 4139.6

Services

Housing 1

11.7

8.1

9.4

9.710.411.211.812.312.814.216.017.919.6

21.724.327.029.832.234.336.739.342.045.0

48.151.254.758.061465.569.574.179.887.0

93 9102.7112.5123.8137.4149.8166.51859209.6236.0

266.0295.3324.7

254.8261.6269.6278.1

284.4291.3298.7307.0

314.5320.4328.2335.5

Household operation

Total

4.0

2.8

3.8

4.04.34 85.2596.46.87.58.18.5

9.510.411.112.012 614.015.216.217.318.5

20121.022.223.424 826.328.030.032.235.0

37 741.045 249.655.263.371.681190.199.3

111.7128.9144.1

105.1108.9114.7118.2

120.7125.2132.8136.9

141.4140.7145.0149.3

Electricityand gas

1.2

1.1

1.4

1.51.5161.7181.92.12.32.62.9

3.33.74.14.5505.56.16.57.17.6

838.89.49.9

10 410.911.512.213.114.2

15 417.018 820.524.029.232.938 542.947.8

56.666.875.2

50.954.859.261.4

61.964.669.471.2

75.172.675 277.8

Other

2.9

1.7

2.4

2.62.7323.5414.54.75.15.45.6

6.26.77.07.5768.59.29.7

10.210.9

11812.212.813.614 415.416.517.819.220.8

22 224.026 429.131.234.138.742 647.251.5

55.162.168.9

54.254.155.556.8

58.860.763.565.7

66.368.169.971.5

Transpor-tation

2.6

1.5

2.0

2.12.4273.4374.05.05.35.85.9

6.26.77.17.8798.28.69.09.3

10.1

10 711.211.712.212 813.715.016.217.619.5

22 025.127 528.830.933.238.646.451.256.3

62.965.470.3

61.261.664.164.6

66.264.365.565.7

66.969.571.573.4

Other

Total

12.0

7.7

10.0

10.311.212 213.915 216.419.421.723.624.1

25.627.028.831.033 335.638.741.444.348.3

51754.858.362.568173.379.987.296.2

106.8

117 2127.41401153.0169.8190.7209.0234.1267.1302.0

341.9384.4427.6

326.2334.5347.2359.8

371.1378.5389.3398.7

409.6421.5432.9446.4

Medicalcare

2.2

1.5

2.1

2.22.4262.9333.64.55.56.36.4

6.97.38.08.997

10.311.012.013.114.3

15 416.418.019.522 323.926.028.431.436.5

41045.951457.464.573.783.396.5

108.4124.1

143.5170.9194.7

134.7140.6145.9152.9

159.7166.9175.6181.5

186.4192.1197 9202.4

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


TABLE B-15.—Gross private domestic investment, 1929-82


Year or quarter

1929.

1933.

1939.

1940194119421943194419451946194719481949

1950 . .195119521953195419551956.19571958.1959

1960.196119621963196419651966.196719681969

1970.1971197219731974197519761977.1978.1979

198019811 9 8 2 "

1980:(||IIIIV

1981:

||IIIIV

1982:IIIIII.IV P

Grossprivate

domesticinvest-ment

16.2

1.4

9.3

13.117 99.9587.2

10 630.734 045.935.3

53.859.252.153.352 768.471069.261.978.1

75 974.885 490.997 4

113.5125 7122.8133.3149.3

144 2166.4195.0229 8228.72061257.93241386 6423.0

402.3471.5421.9

424 03910384.1410.3

455 7475 5486.0468.9

414 8431.5443.3397.9

Fixed investment

Total

14.5

3.0

8.8

10.91348.1648.1

11724.334 441.138.4

47.048.949.052 954 362.466367.963 472.5

72 972 579 284.9917

103.71116112.5125 4139.5

1410158.8184 82113214 5213 0246.030103601408.8

412.4451.1443 3

424 63914405.3428.0

443 5450 9454.2455.7

450 4447.7438 6436.4

Nonresidential

Total

10.6

2.4

5.9

7.5946.05.06.9

10.116.923 026.324.4

27.331.331.334.534 238.544 047.042 045.9

48 548.052 254.861072.783183.9907

101.3

103 9107.91210143 3156.6157 7174.1205 22489290.2

309.2346.1347.5

3112300 2307.8317.5

330 03413353.0360.2

357 0352.2344.2336.6

Struc-tures

5.1

1.0

2.0

2.33.01.91.41.92.86.97.79.08.7

9.511.411.612.913 414.617.718.417.217.6

18 819.120.120.522 427.030.130.332.436.7

38740.544.151055.955458.864.478 798.3

110.5129.7141.7

110 91091109.5112.6

119 6127 0132.7139.6

1414143.6141.3140.4

Pro-ducers'

dur-able

equip-ment

5.5

1.4

3.9

5.2644.13.75.0739.9

15.317.315.7

17.819.919.721.520 823.926328.624 928.3

29 728.932134.438 745.853 053.758 264.6

65 267.476992 3

100.7102 3115.3140 81702191.9

198.6216.4205.8

200 21912198.2204.9

210 4214 3220.2220.6

215 6208.6203.0196.2

Residential

Total

3.9

.6

2.9

3.44.02.21.41.31.57.4

11.414.913.9

19.817.617.718.420123.922.320.921.426.6

24 524.527.030.130.730.928.528.634.838.2

37150.963.868 057.955.372.095.8

1112118.6

103.2104.995.8

113.591297.6

110.5

113 6109 5101.295.5

93 495.594.399.8

Non-farmstruc-tures

3.6

.5

2.7

3.23.61.91.21.11.46.7

10413.712.8

18.616.416.517.319 022.821.219.720.325.3

23 323.225.828.929 429.627.127.233.336.5

35.448.961.565 654.852.468.892.0

107 0114.0

98.399.790.1

107 486 993.5

105.4

1091104 795.689.4

87 989.688.794.1

Farmstruc-tures

0.2

.0

.1

.2

.2

.2

.1

.5

.7

.9

.8

.8

.8

.8

.8

.7

.6

.7

.7

.7

.7

.6

.6

.7

.6

.7

!6

.6

7.7

1.31.01.11.51.71.7

1.92.12.5

3.1141.02.0

1.3162.42.9

242.82.42.4

Pro-ducers'

dur-able

equip-ment

0.1

.0

.1

.1

.1

.1

.0

.0

.0

.3

.3

.4

.4

.4

.4

.4

.4

.5

.5

.5

.6

.5

.5

.5

.6

.6

7.7.9

1.0

1.11.31.51.71.81.92.12.32.52.9

3.03.23.2

3.02.93.03.1

3.23.23.23.2

3.13.23.23.2

Change in

inventories

Total

1.7

- 1 . 6

.4

2.24.51.8

=.6-1 .0-1 .0

6.4= .54.7

- 3 . 1

6.810.33.1

.4- 1 . 5

6.04.71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

- 6 . 911.823.026.514.3

= 10.020.5

-21.4

= .7= 4

-21.2= 17.7

12.224 631.813.2

=35.6-16.2

4.7-38.5

Non-farm

1.8

~ 1.4

.3

1.940.7

= 6= .6- 66.4133.0

=2.2

6.09.12.11.1

= • 2 15.55.1.8

=2.357

272,05.55.26.28.9

14.39.67.897

3.16.49.6

15.216.0

™ 10.513.921.925.4

8.6

=5.715.0

=21.6

740

-15.4= 12.3

10 019 324.66.0

=36 0= 15.0

3739.0



TABLE B-16.—Gross and net private domestic investment, 1929-82


Year

1929

1933

1939

1940194119421943194419451946194719481949

19501951195219531954195519561957.. . .1958.. . .1959...

196019611962196319641965..196619671968 . . ..1969

1970197119721973197419751976197719781979

198019811982 p

Grossprivatedomes-

ticinvest-ment

16.2

1.4

9.3

13.117.99.9587.2

10 630.734 045.935.3

53.859.252.153.352 768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144 2166.4195.0229.8228 7206.1257.9324.1386.6423.0

402 3471.5421.9

Less:

con-sumption

allow-anceswith

capitalcon-

sumptionadjust-ment

9.7

7.4

8.7

9.110.011.211.511.712.214.017.320.221.8

23.527.229.331.032 734.838.741.743.544.9

46.347.549.050.652.956.060.765.972.180.0

88196.5

106.4116.5136 0159.3175.0195.2222.5256.0

293 2330.1356.8

Total

6.5

-6 .0

.6

4.17.9

- 1 . 3- 5 7- 4 . 6- 1 616.616 625.613.5

30.332.022.822.420 033.632.327.518.433.2

29.627.336.540.344.557.565.057.061.269.3

56 269.988.6

113 392 746.882.8

128.9164.1167.0

1091141.465.1

Total

4.8

45

.1

1.93.430

- 5 . 036

-.610.317.120.916.6

23.521.719.721.921627.627.626.119.927.5

26.724.930.234.438.947.650.946.653.359.5

52 962.378.494 878 553.771.0

105.9137.7152.7

119.1121.086.5

fIquals: Net private domestic investment

fYet fixed investment

Nonresidential

Total

3.1

- 3 . 5

6

.72.0

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

136.6

10211.38.1

9.610.79.1

10.891

11.913.914.38.1

10.6

12.310.914.015.319.728.935.431.933.638.1

33 931.137.051949 230.334.350.773.689.0

77 382.960.9

Struc-tures

1.7

16

10

7- .317

- 2 . 6201.22.42.12.72.3

2.93.93.84.85.15.97.97.96.46.4

7.37.37.97.89.1

12.914.813.814.516.6

16 315.616.620.718 913.114.116.023.333.7

36.045.949.5

Pro-ducers'durableequip-ment

1.4

18

.3

1.422

7_ 9

.3244.2828.65.8

6.76.75.36.0406.06.06.41.84.2

5.03.66.17.5

10.616.020.618.219.121.5

17 615.520.431230 317.320.234.750.455.3

41.337.011.5

Residential

Total

1.7

10

.8

1.215

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

3.76.89.78.5

13.911.010.611.112.515.713.711.811.816.9

14.414.016.219.019.118.715.514.719.821.3

19.031.241.342.929.323.436.855.264.063.7

41.838.125.6

Non-farmstruc-tures

1.7

9

.8

1.114

- . 5- 1 4-1 .7- 1 6

3.4649.17.9

13.410.610.310.812 215.613.411.711.616.7

14.313.916.118.818.918.615.314.519.621.0

18 930.940.942.528 423.136.554.563.363.2

41.437.725.1

Farmstruc-tures

- 0 . 1

- . 1

- . 0

.00

- . 1_ l- . 1_ 2

3.4.4

.3

.3

.3

2.0.1.1.1.1

- . 0.1.0,0.0

- . 0.0.0

- . 1

- . 0

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

.2- .2- . 2

.1

.1- .2

- .2- .1

.2

Pro-ducers'durableequip-ment

0.0

- . 0

.0

.0

o- .0

- . 1- 1

.12.2.1

.2

.1

,\,1

.1

.1

.1

.2

.1

.1

.1

.1

.2

'.2

A

A

'.6.7.7.5

.6

.6

.6

.5

.2

Change

busi-ness

inven-tories

1.7

- 1 . 6

.4

2.2451.8

6- 1 . 0

106.4

4.7- 3 . 1

6.810.33.1

A- 1 , 5

6.04.71.3

- 1 . 55.7

3.02.36.36.05.69.9

14.110.37.99.8

3.27.7

10.218.514.1

-6 .911,823.026.514.3

-10.020.5

-21.4


181


TABLE B-17.—Inventories and final sales of business, 1946-82

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

Year and quarter

Fourth quarter:1946194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982 p

1980:

IIIllIV

1981:•I

IIIIV

1982:|||111IV P

Inventories1

Total

72.082.687.278.7

98 0110.5109 2110.1107.6

114 8124.0127 6127.3132.0

136 0137.9144 6150.4156.2

170.5187.4199.4213.5234.6

244.0260.8288 7357.7434.4

439.4473 6519.5602 3705.0

776.0822.4806.1

724.1737 2757.3776.0

791.6804.2814.3822.4

809.7812.5816.0806.1

Farm

22 725.122 919.8

26128.326024.623.8

22 522.924 325.624.4

25 625.927 327.626.5

29.929629.530633.3

32.336.745 666.662.4

64 560659.973981.9

86.981880.6

79.081186.286.9

85.986.581.581.8

84.586.483.580.6

Total

49.357.564.359.0

71982.283.185.583.9

92.2101.0103.3101.7107.6

1104112.1117 3122.7129.7

140.6157.8169.91829201.3

211.6224.12431291.2372.0

374.94130459.6528 3623.1

689.1740 5725.5

645.16561671.1689.1

705.7717.7732.8740.5

725.2726.1732.5725.5

Manu-facturing

26 729.332.528.9

35 243.444 446.444.3

48 854.554853.255.7

56 657.760 962.966.4

71.581788.7952

104.8

108.4109.9116 8141.1189.6

189 8207 5224.7254 2306.6

342.6366 4346.9

321.03281333.2342.6

352.6357.2365.1366.4

358.1352.7351.3346.9

Honfarm

Whole-sale

trade

10.110.511.711.8

13.814.614.815.015.3

16.617.918.218.320.0

204, 20.9

21.523.124.4

26.329.932.434.337.7

41.744.949460.276.9

77.386 998.7

114 6135.7

153.0163.0162.1

140.5144 0148.5153.0

156.5158.1159.5163.0

158.4160.8161.9162.1

Retailtrade

11.413.115.114.0

17 518.017.718.318.5

20.921.722.922.923.9

25 324.926 327.629.0

31.934.635.339042.8

44.350.555 764.874.1

74 682 993.7

1090121.0

127.7140 7141.8

121.3122 4126.1127J

129.0134.2139.1140.7

137.6140.2145.6141.8

Other

3.54.65.04.3

5.46.16.25.85.9

6.06.97.37.38.0

8.18.78.69.29.9

10.911.613.514.416.0

17.318.821225.031.3

33.335742.550.659.8

65.770.574.8

62.261563.465.7

67.668.369.170.5

71.172.473.774.8

Finalsales •

16018.319.619.5

21724.626,127.227.5

29.731.432.733.735.6

36938.841143.746.2

51.054.157.663 367.4

70.877.285 894.5

102.0

113.61241138.9159 5176.9

194.92104221.5

182.01812188.2194.9

201.8203.3208.5210.4

213.8215.5217.1221.5

Inventory—finalsales ratio

Total

4,504.514.444.03

4.534.494.184.053.91

3.863.953.903.773.71

3.693.553 523.443.38

3.343.463.463.373.48

3.453.383.373.794.26

3.873.823.743.783.99

3.983.913.64

3.984.074.023.98

3.923.963.913.91

3.793.773.763.64

Non-farm3

3 083.143 273.02

3 323.343183.153.05

3103.223163.013.02

2992.892 852.812.81

2.762.922.952 892.99

2.992.902833.083.65

3.303 333.313.313.52

3.543.523.28

3.543 623.573.54

3.503.533.513.52

3.393.373.373.28

1 End of quarter.8 Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions,

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

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

182


TABLE B-18.—Inventories and final sales of business in 1972 dollars, 1947-82

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

Year and quarter

Fourth quarter:194719481949

19501951195219531954

195519561957..19581959

19601961196219631964

19651966196719681969

197019711972..19731974

19751976197719781979

198019811982 p

1980:

11IMIV

1981:

NHIIV

1982:

ItIllIV

Inventories'

Total

116.11216117.2

127.71414145.7147.2145.0

152 8158.61601158.3165.3

168.8171.8179.7187.2194.3

206.1222.92351244.1255.1

258 9267.0277 2294.4306.0

299 2307 0320.3336 3343.6

338 6347.6339.1

342 9342.3340.2338 6

339 2342.3346.4347.6

343.7342 6343 5339.1

Farm

25.726 726.2

27.529130.430 231.1

3 1 530.731432.432.4

32.833.234.535 735.1

36.236.036 837.037.3

37 739.239 842.141.8

43 041140.840 843.2

41143.243.3

43 042.441.7411

41241.742.443 2

43.343.143343.3

Total

90.594 891.0

100.2112 3115.4117.1114.0

1212127.8128.7125.9132.9

136.1138.6145.2151.5159.2

169.9186.8198 3207.0217.8

2212227.8237 4252.3264.2

256 3265 9279.5295 5300.4

297 5304.4295.7

299.9299.9298.4297.5

298 0300.6304.0304.4

300.5299.5300.2295.7

f

Manu-facturing

47.448 846.2

49.360 062.764560.9

64369.168 766.169.1

69.971.775.678 282.0

87.097.2

1041108.4112.8

112 9111.8114 41218130.9

12711309134.1139 8145.0

145 9148.4141.0

146.6147.4146.3145.9

146 9147.5149.41484

146.4144.6143.3141.0

tonfarm

Whole-satetrade

16.017 217.2

19.219 720.120320.6

22122.822 522.524.6

25.125.726.628429.9

31.635.337 838.941.244045.947 950.454.1

52 255559.763 564.7

65 066.565.7

64.664.965.065.0

64665.165.466 5

65.365.866.165.7

Retailtrade

18.320319.8

23.023 023.023.623.7

26.526.827.827.528.7

30.329.831.633.034.5

37.440.040.043.045.9

46.151.254.658.858.3

55.858 863.167.366.1

63.066.165.4

64.263.763.563.0

62.864.665.966.1

65.165.467.265.4

Other

8.7867.8

8.79.59.68.78.8

8.49.29.89.8

10.5

10.711.411.412.012.8

13.814.316.316.817.9

18.219.020.521.420.9

21.120.822.624.924.6

23.623.423.6

24.523.823.623.6

23.623.423.323.4

23.623.723.723.6

Finalsales2

33.234 434.6

36.939 841.643.043.1

45 646.547.148.149.7

50.753.155.358 360.9

66.167.570173.874.775.278.984.787.285.0

88.192.297.6

103.0105.4

105.0104.6105.5

105.8102.7103.7105.0

106.4105.2105.5104.6

105.0104.6104.3105.5

Inventory—finalsales ratio

Total

3.503 533.38

3.463 553.513423.36

3 353.413403.293.33

3.333.243.253 213.19

3.123.303 363.313.413443.383.273.383.60

3.403.333.283.273.26

3.223.323.21

3.243.333.283.22

3.193.253.283.32

3.273.283.293.21

Non-farm3

2.732 762.63

2.722 822.782 722.64

2 662.752 732.622.68

2.682 612.622 602.61

2.572.772 832.812.92

2 942.892 802.893.11

2.912.882.862.872.85

2.832.912.80

2.842.922.882.83

2.802.862.882.91

2.862.862.882.80

1 End of quarter.2 Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions,government, and rest of world, and includes a small amount of final sales by farms.3 Ratio based on total business final sales, which includes a small amount of final sales by farms.

NOte.—The industry classification of inventories is on an establishment basis and is based on the 1972 Standard IndustrialClassification {SIC) beginning 1948 and on the 1942 SIC prior to 1948.


183


TABLE B-19.—Relation of gross national product, net national product, and national income, 1929-82


Year or quarter

1929

1933

1939

194019411942194319441945 . . . . .19461947 ,19481949

19501951195219531954 „„1955195S . . .195719581959

1960196119621963196419651966196719681969

197019711972197319741975 . .1976197719781979

198019811982 p

1980:

IIIllIV

1981:

ItIIIIV

1982:IIIIllIV "


103.4

55.8

90.9

100.0125.0158.5192.1210.6212.4209.8233.1259 5258.3

286.53308348.0366.8366.8400.0421.7444.0449.7487.9

506 5524.6565 0596.7637.7691.1756 0799.6873 4944.0

992 71,077.61185.91,326.41,434.21 549.21,718.01,918.32,163.92,417.8

2 633.12,937.73,057.5

2,575.92 573 42*643 72J39.4

2 864.92 901.82,980.93,003.2

2,995.53,045.23 088.23J01.3

Less:Capital

consump-tion

allowanceswith

capitalconsump-

tionadjustment

9.7

7.4

8.7

9.110.011.211.511.712.214.017.320.221.8

23.527.229.331.032.734.838.741.743.544.9

46 347.549 050.652.956.060 765.972.180.0

88196.5

106.4116.5136.0159.3175.0195.2222.5256.0

293.2330.1356.8

278.4289,2298 6306.6

315.4325 0335.2344.8

348.7353.9359.4365.0

Equals:Net

nationalproduct

93.7

48.4

82.2

91.0115.0147.3180.7198.9200.2195.8215.7239.3236.5

263.0303.6318.7335.8334.1365.3383.0402.3406.2443.0

460 2477.05161546.1584.8635.06953733.7801.3864.0

904 7981.1

1 079.51,209.91,298.21 389.91,543.01,723.21,941.42,161.7

2 339 92,607.62,700.8

2,297.52 284 32 345 02,432.9

2 549.52 576 82,645.82,658.4

2,646.72,691.22,728.92,736.3

Indirectbusinesstax andnontaxliability

7.1

7.1

9.4

10.111.311.812.814.215.517.118.420.121.3

23.425.311129.729.632.235.137.538.741.8

45 448.051654.658.862.665 370.278986.6

94 3103.7111.5120.9129.1140.1151.7165.7178.2189.6

213.0251.3258.8

200.1206.7216 3228.9

244.6252 0253.3255.3

250.2256.7261.7266.5

Less:

Busi-ness

transferpay-

ments

0.6

.7

.5

.4

.5

.55.5.5.5.6.7.8

.8

.91.01.21.11.2141.51.61.8

202.0212.42.72.8303.1343.9

414.44.95.55.87.47.98.69.3

10.3

11412.413.7

11.011311511.8

12 012 212.512.8

13.113.513.814.3

Statis-tical

discrep-ancy

1.1

.7

1.4

1.1.6

=.8-=1.8

2.74.1.5

1.5=1.6

.6

1.33.21.72.32.01.3

= 2.1= 1.2

.2= 1.3

- 2 . 4• = . 12.11.7.1

= 1.21.4

= .3- 2 . 1=3.9

•-1.54.13.3

.83.75.55.11.4

= 2.6- 1 . 5

3.9- 1 . 9

.1

10.53.82.2

- 1 . 0

5.14.6

- . 8=7.2

- 7 . 5.8

3.6

PIUS:Subsidies

lesscurrentsurplus

ofgovern-

mententer-prises

-0 .2

--.0

.4

.4

.1

.1

.6

.7

.9-.2

- .1= .3

.1= .1- .3- .5

- ,0

.71.1

.41.71.81.11.71.62.51.61.41.9

2.92.63.83.41.12.41.03.13.73.4

5.56.68.3

3.84.77.46.0

5.87.26.57.0

6.04.95.8

16.5

Equals:Nationalincome

84.8

39.9

71.4

79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6

237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8

415.7428.8462.0488.5524.9572.4628.1662.2722.5779.3

810.7871.5963.6

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

2,117.12,352.52,436.5

2,079.72,067.22,122.32,199.2

2,293.72 324.42[387.32,404.5

2,396.92,425.22,455.6


184


TABLE B-20.—Relation of national income and personal income, 1929-82


Year or quarter Nationalincome

Less:

Corporateprofits

withinventoryvaluation

andcapital

consump-tion

adjust-ments

Netinterest

Contribu-tions for

socialinsurance

Wageaccruals

lessdisburse-

ments

Plus:

Govern-ment

transferpayments

topersons

Personalinterestincome

Personaldividendincome

Businesstransfer

payments

Equals:

Personalincome

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 P

1980:

\\ZZIIIIV

1981:

IIIIV

1982:IIIIllIV "...

84.8

39.9

71.4

79.7102.7135.9169.3182.1180.7178.6194.9219.9213.6

237.6274.1287.9302.1301.1330.5349.4365.2366.9400.8

415.7428.8462.0488.5524.9572.4628.1662.2722.5779.3

810.7871.5963.6

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

2,117.12,352.52,436.5

2,079.72,067.22,122.32,199.2

2,293.72,324.42,387.32,404.5

2,396.92,425.22,455.6

9.0

-1.7

5.3

8.614.119.323.523.619.016.622.329.427.1

33.938.736.136.335.245.543.743.338.549.6

47.648.656.662.169.280.085.182.489.185.1

71.483.296.6108.394.9110.5138.1167.3192.4194.8

181.6190.6161.1

195.3172.2177.8181.2

200.3185.1193.1183.9

157.1155.4166.2

4.7

4.1

3.6

3.33.33.12.72.42.21.82.32.42.7

3.03.54.04.45.35.96.67.99.6

10.3

11.413.014.716.418.321.024.427.630.034.8

41.446.551.260.276.184.587.2

102.5121.7153.8

187.7235.7265.3

175.7181.6190.4203.0

217.6231.6244.0249.5

258.7267.5268.1267.0

0.2

2.1

2.32.83.54.55.26.16.15.85.45.9

7.18.59.09.1

10.111.512.914.915.218.0

21.121.924.327.328.730.038.843.447.955.0

58.664.674.292.4

104.3110.9126.0140.6161.8186.9

204.0238.1253.7

199.4200.5204.6211.3

232.5236.2240.3243.5

250.8253.0255.2255.8

0.0 0.9

1.5

2.5

2.72.62.72.53.15.6

10.811.210.611.7

14.411.612.112.915.116.217.320.124.325.2

27.030.831.633.434.837.641.649.556.462.8

76.190.099.8

114.0135.4170.9186.4199.3214.6240.0

285.8323.9360.8

263.2271.9301.8306.5

310.8314.8332.3337.9

341.4351.7367.2382.9

6.9

5.5

5.4

5.35.35.25.15.25.96.67.68.18.7

9.710.511.212.513.714.916.718.820.322.5

25.026.429.032.235.639.744.448.353.461.1

69.474.880.993.9

112.4123.2132.5152.8179.4218.7

263.4329.0371.8

249.1258.0266.4280.2

304.7320.6339.6351.0

359.7372.0378.2377.2

5.8

2.0

3.8

4.04.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.221.922.4

22.222.624.126.529.129.936.539.645.350.8

55.962.567.0

54.155.756.557.4

59.261.564.165.2

65.866.167.268.8

.8

.91.01.21.11.21.41.51.61.8

2.02.02.12.42.72.83.03.13.43.9

4.14.44.95.55.87.47.98.69.3

10.3

11.412.413.7

11.011.311.511.8

12.012.212.512.8

13.113.513.814.3

85.0

47.0

72.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384,4

402.3417.8443.6466.2499.25407588.2630.0690.6754.7

811.1868.4951.4

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

2,160.42,415.82,569.7

2,086.82,109.62,185.32,260.0

2,330.02,380.62,458.22,494.6

2,510.52,55272,592.52.623.2


185


TABLE B-21.—National income by type of income, 1929-82


Year orquarter

192919331939

19401941.19421943194419451946194719481949

1950195119521953195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 P

1980:

||IllIV

1981:

IIIllIV

1982:1.

IllI V

Nationalincome1

84 839 971.4

79 7102.7135 9169.31821180 7178 6194 9219.9213.6237.6274.1287.93021301.1330.5349.4365 2366.9400.8

4157428.8462.0488.5524.9572.4628.1662.2722.5779.3

810.7871.5963 6

1,086.21,160 71,239.41,379 21,550.51,76031,9667

2,117.12,352.52,436.5

2.079 72,067.22,122.32,199.2

2,293.72,324.42,387.32,404.5

2,396.92,425.22,455.6

Compensationof employees

Total

51.129 548.1

52164.885 3

109.51212123.11181129.2141.4141.3

154.8181.0195.7209 6208.4224.9243.5256 5258.2279.6

294 9303.6325.1342.9368.0396.5439.3471.4519.9572.9

612.0652.2718 0801.3877 5931.4

1,036 31,152.11,30111,458.1

1,598.61,767.61,855.9

1,555 21,571.71,604.91,662.8

1,718.01.750.01,789.11,813.4

1,830.81,850.71,868.31,873.7

Wagesand

salaries

50.529 046.0

49962.182,1

105.8116 7117.5112 0123.1135.5134.7

147.0171.3185.3198.5196.82117228.3239 3240.5258.9

2719279.5298,0313.4336.1362.0398.4427.0469.65157

548.7581.5635 2702.6765 2806.4889 9983.2

1106 51,237.4

1,356.11,494.01,560.1

1319 51,332.11,361.01,411.7

1,452.81,479.41,512.61,531.1

1,541.51,558.61,570.01,572.3

Supple-ments

towages

andsal-

aries 2

0.65

2.1

2327323.8455.6606.15.96.6

7.89,7

10.411011.613.215.217 217.720.6

23 024.127129.531.834.540.944.450.357.2

63.270.782 8987

112 3125.0146 4168.9194 62207

242.5273.6295.8

235 7239.6243.9251.0

265.2270.6276.5282.3

289.3294.1298.3301.4

Proprietors' income with inventory valuation and capital consumptionadjustments

Total

15.059

11.8

13 017.524.229.130431.836 735.940.936.4

38.743.243.441.841.242.943.945 347.747.6

47 248.649 950.552.556.960.561.264.067.0

66.269.476993.888,790.0941

103.9118,5132.1

116.3124.7120.1

122 7108.9115.5118.0

123.4123.8127.5124.1

116.4117.3118.4128.1

Farm

Total

6.12.54.4

4.46.4

10.112.012.012.414.915.117.612.8

13.716.115.113.1

n'i11.2n.i13.210.9

11712.112 312.010.813.114.112.612714.6

14.315.018732.826 524.619.119.126 331.9

19.424.018.6

22.115.920.319.2

21.622.527.124.6

17.817.416.622.6

Propri-etors'

in-come3

6.32.64.5

4.56.5

10.312.212.212.715.215.718.213.5

14.416.916.013.913.312.212.112.114.111.9

12.612.913.012.811.513.814.913.513715.7

15.616.420434.629.028.022.823.331.337.8

26.431.826.8

28.722.927.526.5

29.130.335.132.8

26.025.524730.8

Capitalconsump-

tionadjust-ment

0.2- .0

- .1- .2- .2

=.3- .3- .3=.5- . 6- . 7

= 7- . 8- . 8- . 8

- .9- .9- .9

= 1.0

- . 9- . 8- . 8- 7- . 7- . 7

- . 9- 1 . 0- 1 . 2

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

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

-6 .6- 7 . 0- 7 . 2- 7 . 3

- 7 . 5- 7 . 8- 8 . 0- 8 . 2

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

Total

8.9337.4

8.611.114.117.118.419.421.820.823.323.6

25.027.228.228628731.432.734.234.5367

35.536.537.638.541743.846.448.651.352.5

51.954.458.161.062.265.475.084.892.2

100.2

96.91007101.4

100.593.095.198.8

101.8101.2100.499.5

98.699.9

101.7105.5

Nonfarm

Propri-etors'

In-come4

8.8397.6

8611714.417.118.319.323.321.823.122.2

25.126.426.927 627.630.531.833.133.235.3

34.235.336.437.240.242.745.347.550.651.9

51754.558.162.365.867.477.186.894.9

103.2

99.9100.394.6

104.995.198.2

101.4

103.2100.999.397.7

93.894.594.4957

Inven-tory

valua-tion

adjust-ment

015

•= 2

» 0= .6= 4=.2= 1=.1

-1.7-1.5

-1.1- . 3

= 2=.0

= 3=.1= .0

.0

.0= .0= .0=.1

l ! 2- . 2

=.'5

= .'6

=2.0- 3 7- 1 . 2- 1 . 2= 1.2=2.0= 2.9

-=3.1- 1 . 6

4.3=2.0- 3 . 1=3.0

- 2 . 5- 1 . 4- 1 . 2- 1 . 2

.0= 1.0

-A

Capitalconsump-

tionadjust-ment

=01o

- . 0

o.01.2,2.22.5.6.9

1.01.01.11,21.21.21.41.41.41.4

1.31.21.21.41.51.31.31.31.11.1

.8

.4

.8

.6,1

= 8- .9

-.7= .1

.1

7.3

.0- . 2

.0

.5

1.21.82,33.0

476.47.9

10.3

1 National income is the total net income earned in production, ft differs from gross national product mainly in that it excludesdepreciation charges and other allowances for business and institutional consumption of durable capital goods and indirect businesstaxes. See Table B 19.

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



TABLE B-21.—National income by type of income, 1929-82—Continued


Year or quarter

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959..

I9601961196219631964196519661967 *.'.'."19681969

19701971197219731974 ..v19751976197719781979

198019811982"

1980:

||IIIIV

1981:

IIIll(V

1982:I||IllIV*

Rental income of personswith capital consumption

adjustment

Total

4.92.22.6

2.73.14 04.4454.65.55.35.76.1

7.17.78.8

10.011.011.311.612.212.913.6

14.515.015.816.517.118.018.719.719 519.6

19.720.221022.623.523.023.524.826.627.9

32.933.934.1

30.832.733.834.2

34 434.033.633.6

33.934.234.633.9

Rentalincome

ofpersons

5.72.33.1

333.9505.6596.2737.7858.9

10.011012.213414.414 815.215916.717.4

18.018.419119.720.221.222.323.624 025.2

25.827129 032.135.336 839.244.050.056 2

65.369.470.8

61.864.866.967.5

68 768.969.570 5

71.070.770.970.9

Capitalcon-

sumptionadjust-ment

- 0 . 8- . 1- . 6

- . 6- . 8

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

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

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

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

-11.8- 1 3 8-15.6-19 .1-23 .4- 2 8 3

-32.4-35 .5-36.7

-31 .0-32 .1-33 .1-33.3

-34.3-34.9-35.9-36.9

-37 .1-36.4-36.3-37.0

Corporate profits with inventory valuation and capital consumption adjustments

Total

9.0175.3

8614.119 323.523 619.016 622.329427.1

33.938 736.136 335.245 543.743 338.549.6

47.648 656 662.169.280.085.182.489185.1

71.483 296 6

108.394.9

110 5138.1167.3192.4194 8

181.6190.6161.1

195.3172.2177.8181.2

200 3185.1193.1183.9

157.1155.4166.2

Profits with inventory valuation adjustment and withoutcapital consumption adjustment

Total

10.5- 1 . 2

6.5

9.815.420.524.524.019.319.625.933.431.1

37.943.340.640.238.447.546.946.641.652.3

49.750.055159.766.076.080.978.184 980.8

68.982.094 0

105.696.7

120.6151.6178.5205.1209.6

199.4207.5166.0

211.0189.4197.0200.4

217.6202.6210.3199.4

167.2162.2170.0

Profits

Profitsbeforetaxes

10.01.07.2

10 017.921725.324.219.824.831.835 629.2

42.944 539.641238.749.249.648.141.952.6

49.849.755 059.666.577.283.079.788 586.7

75.486.6

100 6125.6136.71321166.3194.7229.1252.7

242.4232.1175.4

268.2217.6238.1245.9

253.1225.4233.3216.5

171.6171.7180.3

Profitstax

liability

1.4

U

2.87.6

11.414.112.910.79.1

11.312.410.2

17.922.619.420.317.622.022.021.419.023.6

22.722.824 026.228.030.933.732.539.239.5

34.237.541.649.051.650.663.872.783.287.6

84.781.258.8

95.373.382.287.8

91.579.282.471.6

56.755.360.9

Profits after tax

Total

8.6

57

7.210.310.311.211.39.1

15.720.523 219.0

25.021.920.220 921.127.227.626.722.928.9

27.126.931133.438.546.349.447.249447.2

41.349.058 976.685.181.5

102.5122.0145.9165.1

157.8150.9116.6

172.9144.3155.9158.1

161.6146.2150.8144.9

115.0116.3119.4

Divi-dends

5.82.03.8

4.04.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.319.119.420.222.022.5

22.522.924.427.029.930.837.440.847.052.7

58.165.170.3

56757.858,759.6

61.564.066.868.1

68.869.370.572.4

Undis-tributedprofits

2.8- 1 . 6

2.0

325.8606.7674.5

10 214.216211.8

16.213.411.812.111.916.916.615.211.616.7

14.313.616 617.921.227.229.927.027.324.7

18.826.134.549.655.250.765.181.298.9

112.4

99.785.846.3

116.786.497.398.5

100.182.284.076.9

46.147.048.8

Inven-tory

valua-tion

adjust-ment

0.5- 2 . 1

- . 7

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

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

1.9

- 5 . 0- 1 . 2

1.0- 1 . 0

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

- .2

.0

.1

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

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

-20.0-40.0-11.6-147-16.2-24.0-43.1

-43 .0-24.6- 9 . 4

-57.2-28.2-41.1-45.5

-35 .5-22.8-23.0-17.1

- 4 . 4- 9 . 4

-10.3-13 .4

Capitalcon-

sumptionadjust-ment

-1 .4- . 6

-1 .1

- 1 2- 1 . 3

12- 1 . 0

- 3- . 2

- 3 0-3 .6

40- 3 . 9

40- 4 6- 4 . 5- 3 9-3 .2- 2 0- 3 . 2- 3 . 4- 3 . 2- 2 . 7

- 2 . 0- 1 . 4

1.52.53.14.04.24.34.34.3

2.51.32.72.7

- 1 . 8-10.1-13.5-11 .3-12.7-14.8

-17.8-16.8- 4 . 9

-15.7-17.2-19.3-19.2

-17.3-17.5-17.1-15.5

-10.1- 6 . 9- 3 . 8

1.2

Netinterest

474.13.6

333.3312.7242.2182.3242.7

3.03.54.04.45.35.96.67.99.6

10.3

11.413.014.716.418.321.024.427.630.034.8

41.446.551.260.276.184.587.2

102.51217153.8

187.72357265.3

175.7181.6190.4203.0

217.6231.6244.C249.5

2587267.5268.1267.0

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


TABLE B-22.~$ourees of personal income, 1929-82


Year or quarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960 . .. .196119621963196419651966196719681969

19701971 .. .19721973197419751976197719781979

198019811982"

1980:IIIHIIV

1981:1||IIIIV

1982:1||IIIIV P

Personalincome

85.0

47.0

72.4

77.995.4

122.6150.8164.5170.0177.6190.1209.0206.4

227.2254.9271.8287.7289.6310.3332.6351.0361.1384.4

402.3417.8443.6466.2499.2540.7588 2630.0690.6754.7

811.1868.4951.4

1,065.21168 61,265.01,391.21,540.41,732,71,951.2

2,160.42,415.82,569.7

2 086 82]lO9.62,185.32,260.0

2,330.02,380.62,458.22,494.6

2 510.52*552 72^592.52,623.2

Wage and salary disbursements1

Total

50.5

29.0

46.0

49 962.1821

105.6116.9117.5112.0123.1135.5134.8

147.01713185.41986196.82117228.3239 3240.5258.9

2719279.5298 0313 4336.1362 0398 4427.0469 6515.7

548.7580 9635.2702 7765 7806.48899983.2

1,106 31,237.6

1,356.11,493.91,560.1

1319 71,332.11,360.51,412.2

1452 81479 41,512.31,531.2

154161556 61,570.01,572.3

Commodity-producingindustries

Total

21.5

9.8

17.4

19.727.539.149.050.445.946.054.261.157.8

64.876.382.089.685.793.1

100.6104.2100.0109.6

1131113.7121.8126 9135.4146.01610168.3183.4199.6

203.0208.3227.3254.3274 7275.0307.3343.6389.4438.4

468.0510.8509.9

462 7458.6465.6485.1

499.2507 2519.3517.7

514.3513 6510.2501.4

Manu-facturing

16.1

7.8

13.6

15 621.730.940.942.938.236.542.547.144.6

50.359 364.171267.573 879.482 478.686.8

89 789.896 7

100 6107.1115 5128 0134.1145 8157.5

158.2160 3175.4196 22114211.0237 4266.0299.2333.9

354.4386.4382.6

350 3347.0352.8367.7

377 0386 9392.9388.7

3851385 6383.8375.8

Distrib-utiveindus-tries

15.6

8.8

13.3

14.216.318.020.122.724.831.035.237.537.7

39.844.346.949.750.153.457.760.560.864.8

68.269.372.876 381.487.294 4

100.9110.0120.8

130.3139.4152.1168.3184 6195.6216.6239.5270.7303.4

330.5361.4375.7

323 2324.9331.9341.9

352.1358 7366.5368.3

371.4375 4378.4377.4

Serviceindus-tries

8.4

5.2

7.1

7.58.19.09.9

10.911.914.316.117.918.5

19.821.523.124.926.128.631.3.33.635.638.5

41.444.147.250.254.458.964.771.379.689.7

98.3106.7118.2131.3145.6159.7177.4197.7226.6259.7

297.4338.6372.3

2834292.0301.4313.1

325.2333.7342.8352.8

359.5367.6377.8384.3

Govern-mentand


5.0

5.2

8.2

8510.216.026.633.034.920.717.519.020.8

22.629.233.334.434.936.638.841.044.146.0

49.252.456.360064.969.978 386.496.6

105.5

117.1126.5137.5148.7160.9176.1188.7202.4219.5236.2

260.2283.1302.3

250 4256.6261.6272.2

276 2279 8283.8292.4

296.5300 0303.5309.1

Otherlabor

income1

0.5

.4

.6

.6

.91.11.51.82.02.42.72.9

3.74.65.25.96.17.08.09.09.4

10.6

11.211.813.014.015.717.819.921.725.228.5

32.536.743.048.855.864.575.989.4

102.5114.9

127.2140.4153.8

123 2125.9128.4131.5

135.3138.4142.2145.8

149.1152 5155.5157.9

Proprietorwith invaluati

capconsuradjust

Farm

6.1

2,'5

4.4

4.46.4

10.112.012.012.414.915.117.612.8

13.716.115.113.112.511.511.211.113.210.9

11.712.112.312.010.813.114.112.612.714.6

14.315.018.732.826.524.619.119.126.331.9

19.424.018.6

22.115.920.319.2

21.622.527.124.6

17.817.416.622.6

s' income

sn andtalnptionmpntc

Nonfarm

8.9

3.3

7.4

8.611.114.117.118.419.421.820.823.323.6

25.027.228.228.628.731.432.734.234.536.7

35.536.537.638.541.743.846.448.651.352.5

51.954.458.161.062.265.475.084.892.2

100.2

96.9100.7101.4

100.593.095.198.8

101.8101.2100.499.5

98.699.9

101J105.5

1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Tabfe 8-21 in that itexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.



TABLE B-22.—Sources of personal income, 1929-82—Continued


Year or quarter

1929

1933

1939

1940194119421943194419451946 ..194719481949

1950195119521953195419551956195719581959

I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 '

1980:I||HIIV

1981:

IIIllIV

1982:|||IllIV P

Rental

ofpersons

withcapital

con-sumptionadjust-ment

4.9

2.2

2.6

273.14.0444.54.6555.3576.1

7.1778.8

10.011.011311612.212 913.6

14.515015.816.517.118.018 719.719 519.619 720 221.022 623 523.023.524 826 627.932.933.9341

30.832.733 834 2

34.434.033.633.6

33 934.234.633.9

Personaldividendincome

5.8

2.0

3.8

404.44.34.44.64.65.66.37.07.2

8.88.58.58.89.1

10.311111.511.312.2

12.913.314.415.517.319.119.420.221.922.4

22.222 624.126.529.129.936.539.645.350.855.962.567.0

54.155.756.557.4

59.261.564.165.2

65.866.167.268.8

Personalinterestincome

6.9

5.5

5.4

535.35.25.15.25.96.67.68.18.7

9.710.511.212.513.714.916 718.820 322.5

25.026429.032.235.639.744 448.353.461.169 474 880.993 9

112.4123.2132.5152.81794218.7263.4329.0371.8

249.1258.0266.4280.2

304.7320.6339.6351.0

359 7372.0378.2377.2

Transfer payments

Total

1.5

2.1

3.0

313.13.13.03.66.2

11311.711312.5

15.212.613.114.116.217.518 721.625 927.0

28.932 833.835.837.440.444 752.659 866.7

80194 4

104.7119 5141.2178.3194.3207.9223 8250.3297.2336.3374.5

274.2283.2313.4318.2

322.8327.0344.8350.7

354.6365.2381.0397.2

Old-age,survivors,disability,

andhealthinsur-ance

benefits

0.0

0.1

.2

.3

.4

.5

.6

1.01.92.23.03.64.9577.385

10.2

11.112.614.315.216.018.120 825.530.232.9

38.544.549.660.470.181.492.9

104.9116.2131.8154.2182.0204.5

142.1144.7163.4166.4

171.0173.7190.6192.8

194.7197.5209.2216.6

Govern-mentunem-

ploymentinsur-ance

benefits

0.4

5.4.4.1.1.4

1.1.8.9

1.9

1.5.9

1.11.02.21.5151.9412.8

3.04.33.13.02.72.3192.22.12.24.0585.74.46.8

17.615.812.79.79.8

16.115.424.9

11.815.918.718.0

15.715.114.116.7

18.723.525.531.8

Veteransbenefits

0.6

.6

.5

5

.5

1.03.0707.0595.3

7.74.64.34.14.24.4444.5474.6

4.6504.74.84.74.9495.6596.77.7889.7

10.411.814.514.413.813.914.415.016.116.3

14.814.614.915.7

16.015.916.016.4

16.316.116.316.6

Govern-ment

employ-ee

retire-ment

benefits

0.1

.2

.3

3.3

'AA.5.7

.7

.9

1.01.11.21.41.51.7192.22.52.8

3.13.43.74.24.75.26.16.97.68.7

10.211.813.816.019.011126.129.032.736.943.049.254.0

40.142.343.446.0

47.249.149.650.8

51.554.454.955.3

Aid tofamilies

withdepend-

entchildren(AFDC)

Other

0.8

1.4

1.7

171.81.81.82.02.021

.34.5

.6

.6

.5

.5

.6

.66.78.9

1.01.11.31.41.51.7192.32.83.54.86.26.97.27.99.2

10.110.610.711.012.413.413.1

11.712.112.813.0

13.113.413.513.4

13.213.213.013.1

2.52.93.3

3.53.63.84.14.14.34.54.95.35.8

6.26.46.77.37.88.39.2

10.211.112.515.017.419.021.125.632.835.136.940.746.356.660.361.6

53.653.560.259.1

59.859.861.060.6

60.160.662.163.8

Less:Personalcontribu-tions for

socialinsurance

0.1

.2

.6

7.8

1.21.82.22.3202.12.22.2

2.93.43.84.04.65.2586.76.97.9

9.39.7

10.311.812.613.317.820.622.926.227.930.734.542.647.950.455.561.169.881.188.7

104.9111.7

86.986.989.1.91.8

102.5104.1106.1107.0

110.6111.4112.4112.4

Nonfarmpersonalincome2

15991719188 2190.4

210.2235 4253.12713273.9295 5318 0336.6344 4369.8

386.7401.6427.1449.7483.7522.6568.9611.9672.1733.9790.0846.5925.3

1,023.71,131.81,229.11,359.31,506.51,689.71,899.32,117.32,364.12,518.9

2,042.22,070.32,140.92.216.C

2,282.52,330.92,402.62,440.3

2,461.62,503.22,543.32,567.6

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

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


TABLE B-23.—Disposition of personal income, 1929-82


Year or quarter

1929

1933

1939

194019411942194319441945 ,.,1946194719481949

195019511952 ....'.'.....'.* .*1953 . ..195419551956195719581959

I960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 p

1980:IItHIIV

1981:|||HIIV

1982:1||III\M P

Personalincome

85.0

47.0

72.4

77.9954

122.6150 8164.5170.0177 6190.1209 0206.4

227.2254.9271.8287 7289.6310 3332.6351.0361.1384.4

402.3417 8443.6466 2499.2540.7588.2630.0690.6754.7

811.1868.4951.4

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

2,160.42,415.82,569.7

2,086.82,109.62,185.32,260.0

2,330.02,380.62,458.22,494.6

2,510.52,552.72,592.52,623.2

Less:Personaltax andnontax

payments

26

14

24

2.6335.9

17 818.920 818 721421018.5

20.628.934.035 532.535439.742 442.146.0

50 452156860 358.664.974.582197.2

115.7

115.8116 7141.0150.7170.2168.9196.82264258.7301.0

336.3386.7397.2

319.9328 6339.7357.1

371.2384.23981393.2

393.4401.2394.4399.7

Equals:Dispos-

ablepersonalincome

82.4

45.6

70.0

75.392 2

116.6133 0145.61491158 9168.7188 0187.9

206.6226.0237.7252 2257.1275 0292.9308 6319.0338.4

352 0365838684059440.6475.8513.7547 9593.4638.9

695.37518810.3914.5998.3

1,096.11,194.41,314 01,474.01,650.2

1,824.12,029.12,172.5

1,766.91,78101,845.51,902.9

1,958.71,996.52,060 02,101.4

2,117.12,151.52,198.12,223.5

Less: Personal outlays

Total

79.1

46.5

67.8

72.081.889.4

100.1109.0120.4145 2163.51769180.4

194.7210.0220.4233 7240.1258 5271.6286 4295.4317.3

332.3342 7363.5384 0411.0442.1477.7503 6551.5598.3

639.56911757.7835.5913.2

1,001.81,111.91,236 01,384.61,553.51,717.91,898.92,031.4

1,669.11,672 41,732.51,797.6

1,852.81,874.51,925.71,942.7

1,977.92,007.22,046.12,094.6

Personalcon-

sumptionexpendi-

tures

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.93350355.2374 6400.5430.4465.1490.3536.9581.8

621.7672 2737.1812.0888.1976.4

1,084.31 204.41,346.51,507.2

1,667.21,843.21,972.0

1,618.71622 21,682.21,745.8

1,799.91,819.41,868.81,884.5

1,919.41,947.81,986.32,034.6

Interestpaid byconsum-ers tobusi-ness

1.5

.5

.7

.8

.9

ij

.71.01.41.7

2.32.52.93.63.84.45.15.55.66.1

7.0737.8889.9

U.I12.012.513.815.6

16.717.719.522.324.124.426.730.737.445.5

49.955.158.6

49.649.449.750.8

52.454.456.257.5

57.858.459.059.1

Per-sonal

transferpay-

mentsto

for-eigners

(net)

0.3

.2

.2

.2

.1

.2

.4

.5

.7J,7.5

.4

.4

.4

.5

.5,4.5.5.4.4

.4

.4

.5

.6

.6

.7

.7

.9

.8

.9

1.11.11.11.31.0.9.9.9.8.8

.8

.6

.9

.7

.7

.8

.9

,5.8

.7

.8

.9

.8

.9

Equals:Personalsaving

3.3

-0 .9

2.2

3.410.327.232.936.628.713 75.2

11.17.5

11.916.117.418.517.016.421.322.323.621.1

19.723 023.321929.633.736.044.341.940.6

55.860.752.679.085.194.382.578 089.496.7

106.2130.2141.1

97 9108 6113.1105.3

105 9122.0134 4158.6

139.1144.3152.0128.9

Percent of dispopersonal incor

Personal outlays

Total

96.0

102.0

96.9

95.588.876.775.374.880.891.496.994.196.0

94.292.992.792.793.494.092.792.892.693.8

94.493.794.094.693.392.993.091.992.993.6

92.091.993.591.491.591.493.194.193.994194.293.693.5

94 593993.994.5

94.693.993 592.5

93.493.393.194.2

PersonalConsump-

tionexpend-itures

93.8

100.5

95.6

94.287.676.074.774.380.190.595.993.094.8

92.991.691.391.191.792.390.890.990.791.8

92.391.691.892.390.990.590.589.590.591.1

89.489.491.088.889.089.190.891.791.391.3

91.490.890.8

91691191.191.7

91991.190 789.7

90.790.590.491.5

sable

Personalsaving

4.0

=2.0

3.1

4.511.223.324.725.219.28.63.15.94.0

5.87.17.37.36.66.07.37.27.46.2

5.66.36.05.46.77.17.08.17.16.4

8.08.16.58.68.58.66.95.96.15.9

5.86.46.5

5.5616.15.5

546.1657.5

6.66.76.95.8



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

current and 1972 dollars, 1929-82

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

Year or quarter

Disposable personal income

Total (billions ofdollars)

Currentdollars

1972dollars

Per capita(dollars)

Currentdollars

1972dollars

Personal consumption expenditures

Total (billions ofdollars)

Currentdollars

1972dollars

Per capita(dollars)

Currentdollars

1972dollars

Popula-tion

(thou-sands) l

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 ",

1980:IIIIII ....IV

1981:IIIIll...,IV

1982:I

i!Z

82.4

45.6

70.0

75.392.2

116.6133.0145.6149.1158.9168.7188.0187.9

206.6226.0237.7252.2257.1275.0292.9308.6319.0338.4

352.0365.8386.8405.9440.6475.8513.7547.9593.4638.9

695.3751.8810.3914.5998.3

1,096.11,194.41,314.01,474.01,650.2

1,824.12,029.12,172.5

1,766.91,781.01,845.51,902.9

1,958.71,996.52,060.02,101.4

2,117.12,151.52,198.12,223.5

229.5

169.6

229.8

244.0277.9317.5332.1343.6338.1332.7318.8335.8336.8

362.8372.6383.2399.1403.2426.8446.2455.5460.7479.7

676

363

534

570691865973

1,0521,0661,1241,1701,2821,259

1,3621,4651,5151,5811,5831,6641,7411,8021,8321,911

489.7503.8524.9542.3580.8616.3646.8673.5701.3722.5

751.6779.2810.3864.7857.5874.9906.8942.9988.8

1,015.7

1,9471,9912,0732,1442,2962,4482,6132,7572,9563,152

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

1,018.01,043.11,054.5

1,022.81,005.51,018.21,025.7

1,035.01,036.61,048.81,051.9

1,046.91,054.81,058.31,057.9

8,0128,8279,362

7,7937,8348,0958,325

8,5518,6988,9519,107

9,1559,2859,4619,546

1,883

1,349

1,754

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

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

2,7092,7422,8132,8653,0263,1713,2903,3893,4933,564

3,6653,7523,8604,0804,0094,0514,1584,2804,4414,512

4,4724,5384,544

4,5114,4234,4664,487

4,5194,5164,5574,559

4,5274,5524,5554,542

77.3

45.8

67.0

71.080.888.699.4

108.2119.5143.8161.7174.7178.1

192.0207.1217.1229.7235.8253.7266.0280.4289.5310.8

324.9335.0355.2374.6400.5430.4465.1490.3536.9581.8

621.7672.2737.1812.0888.1976.4

1,084.31,204.41,346.51,507.2

1,667.21,843.21,972.0

1,618.71,622.21,682.01,745.8

1,799.91,819.41,868.81,884.5

1,919.41,947.81,986.32,034.6

215.1

170.5

219.8

229.9243.6241.1248.2255.2270.9301.0305.8312.2319.3

337.3341.6350.1363.4370.0394.1405.4413.8418.0440.4

452.0461.4482.0500.5528.0557.5585.7602.7634.4657.9

672.1696.8737.1767.9762.8779.4823.1864.3903.2927.6

930.5947.6957.1

937.0915.8928.0941.0

951.1944.6951.4943.4

949.1955.0956.3968.0

634

364

511

537605657727781854

1,0171,1221,1921,194

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

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

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

7,3238,0188,498

7,1407,1367,3787,638

7,8587,9268,1208,167

8,3008,4068,5508,735

1,765

1,356

1,678

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

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

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

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

4,0874,1234,125

4,1334,0294,0714,117

4,1524,1154,1344,088

4,1044,1214,1164,156

121,878

125,690

131,028

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

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

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

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

227,654229,872232,050

226,727227,332227,978228,579

229,053229,539230,145230,751

231,246231,724232,320232,910

1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data are forJuly 1 through 1958 and are averages of quarterly data beginning 1960. Quarterly data are average for the period. Data beginning 1970reflect results of the 1980 census of population.

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


TABLE B-25.—Gross saving and investment, 1929-82


Year orquarter

19291933193919401941194219431944194519461947194819491950195119521953...1954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981...1982 p,1980:

|||IIIIV

1981:

(IIllIV

1982:I||IllIV P

Gross saving

Total

15.9.9

8.813.518.610 7542.45.2

35.141.749.835.650 756.951.049.850.967.575.975.262.678.381.178.786.793.6

104.0120.2127.3125 7136.0153.6148.9161.6186.6235.5227 8218.9257.9309.1374.8422.7406.2477.5413.9

410.8395.8404.4414.0

461.4482.4490.0476.3

428.8441.5422.4

Gross private saving

Total

14.92.2

11.014.222.442.049 654.344.729.627.341.439.042 750.854.856.758.164.470.774.375.379.978.083.090.592.9

106.3119.7128.6139 9142.0143.6158.6180.3189.2227.7234 5282.7294 4326.9374.0407.3438.3504.7529.9

420.2438.8449.2445.1

468.7488.9513.4547.7

519.4529.0546.1

Personalsaving

33- . 92.23.4

10.327 232936.628.713.7

5.211.17.5

11916.117 418.517.016.421.322.323.621.119.723.023.321.929 633.736.044 341.940.655.860 752,679.085194.382 578.089 496.7

106 2130.2141.1

97.9108.6113.1105.3

105.9122.0134.4158.6

1391144 3152.0128.9

Grossbusinesssaving'

1163.18.8

10.812.114 816 717.616.015.922.130 231.530 734.837.438.241147.949.452.051758.758.360.067.271.076 786.092.795 6

100.0103.0102.8119 7136.6148.71494188.42119248.9284 6310.63321374.5388.8

322.3330.2336.1339.8

362.8367.0379.0389.1

380 3384 7394.1

Governr

and pr

Total

10- 1 . 4=2.2

7=3.8

= 3 1 4—44 1- 5 1 . 8- 3 9 . 5

5414.484

-3 .4

806.1

- 3 8- 6 . 9- 7 1

3.152.9

= 12 6- 1 . 6

3.1- 4 . 3-3 .8

- 2 3.5

- 1 . 3— 142

- 6 . 09.9

= 10.6= 19 4- 3 . 3

7.8- 4 7

-63 .8- 3 6 5-17.8

814.3

- 3 3 2=28.2

= 116.1

-10.6-44.2-45.9= 32.2

- 8 . 3- 7 . 6

-24.5-72.5

=90 7—87 5

= 123.7

nent surplus or), national income3duct accounts

Federal

1.2- 1 . 3- 2 . 2

- 1 . 3=5.1

=33.1=46.6-54.5=42.1

3.513.48.3

- 2 . 6

9.26.5

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

4.46.12.3

= 10.3- 1 . 1

3.0= 3.9=4.2

- 1 3

- l ! 8= 132

-6 .08.4

"12.4-?2.0= 16.8= 5.6115

-69.3- 5 3 1-45.9-29 .5-16.1

- 6 1 4=60.0

= 147.9

-39.7=67.5-73.1-65.2

-39.7-40 .5= 58.0

= 101.7

— 1184= 1196-156.0

Stateandtocal

— 2= .1

.0

.61.31.8252.72.61.91.0,1

- 1 . 2= .4- . 0

-1 .113

- .9- 1 . 4- 2 . 4

- . 4

.1= .4

.5

10= .0

11.1

1.5

1.926

13.513.4685.5

16 628.030 330.4

28231.731.9

29.123.327.133.0

31.332.933.529.1

21132132.3

Capita)grants

receivedby theunitedStates(net)2

ZZZ

0.9.7.7.0

4 20.00.00

1.1121.1

.0

1.21.21.21.2

1.11.11.11.1

00

.0

.0

Gross investment

Total

17 01.6

10.3

14.719.298375.29.3

35.643.248.336.2

52.060.152.752.152.968.873.874.062.877.0

78.778.688.895.3

104 2119.0128.7125 4133.9149.7

147.4165 7189.9236.32315224.4263 0310.4372 3421.2

410 2475.6414.0

421.3399.6406.6413.0

466.5477.8489.1469.0

4213442 3426.0366.3

Grossprivate

domesticinvest-ment

16.21.49.3

13.117.99.9587.2

10.630.734.045.935.3

53.859.252.153.352.768.471.069.261.978.1

75.974.885.490.997.4

113.5125.7122.8133.3149.3

144.2166.4195.0229.8228.7206.1257.9324.1386.6423.0

402.3471.5421.9

424.0391.0384.1410.3

455.7475.5486.0468.9

414 84315443.3397.9

Netforeigninvest-ment *

0.8.2

1.0

1.51.3

=.121

- 2 . 0- 1 . 3

4.99.32.4

.9

- 1 . 8.9.6

=1.3

.42.84.8

.9- 1 . 2

2.83.83.44.46.85.43.02.6.6.4

3.2= 7516.52.9

18.35.1

= 13.6= 14.3

-1 .8

7.84.1

=7.9

=2.68.6

22.52.8

10.82.33.1

6510 8

= 17.3=31.7

Statis-tical

discrep-ancy

1.1

\A1.1.6

=.8182,74.1

.51.5

- 1 . 6.6

1.33.21.72.32.01.3

- 2 . 1- 1 . 2

.2- 1 . 3=2.4

l.'l1.7

121.4

=2.1= 3.9- 1 . 5

4.13.3

.8375.55.11.4

=2.6= 1.53.9

- 1 . 9

10.53.82.2

- 1 . 0

5.1=4.6

g7 2

758

3.6

1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporate capitalconsumption allowances with capital consumption adjustment, and private wage accruals less disbursements.2 Allocations of special drawing rights (SDRs), except as noted in footnote 4.3 Net exports of goods and services less net transfers to foreigners and interest paid by government to foreigners plus capital grantsreceived by the United States, net.4 In February 1974, the U.S. Government paid to India $2,010 million in rupees under provisions of the Agricultural TradeDevelopment and Assistance Act. This transaction is being treated as capital grants paid to foreigners, i.e., a $2.0 billion entry incapital grants received by the United States, net.


192


TABLE B-26.—Saving by individuals, 1946-821


Year or quarter

1946194719481949

19501951195219531954

1955 .1956195719581959

19601961196219631964

19651966196719681969

1970197119721973.1974

19751976197719781979

19801981

1980:I

IllIV

1981:1II..IllIV

1982:

II..Ill

Total

24.620.124.320.9

30 634.731.332.528.2

34.137.236.534.138.0

36 735 942.046.756.8

65 072.877.080.571.5

86.495 6

109.3132 0128.3

153 0165.1167 2200.6208.1

250.5283.1

242.9237.0263 62584

256 0257.0320 4299.1

300.5290.2335.9

Increase in financial assets

Total

18.813.29.19.9

13 719.123.222.822.2

28 030.228,631.637.4

32 135 440.146.655.7

58 857.969.875.665.2

81.51021131.5148 5147.3

174 3210.5233 8274 4296.1

337.5355.2

347.9270 536143701

328 7365 4387 6339.0

333 7357 7393.3

Check-able

depos-itsandcur-

rency

5.6

- 2 . 9- 2 . 0

264.61.61.02.2

1.21.8

- . 43.81.0

10_ 9

- 1 . 24.25.3

762.49.9

11.1- 2 . 5

8.912 213.914.17.4

6915.720122.622,4

6.525.8

8.1-11.1

41 1- 1 1 9

55 0

5942.7

32.8- 3 . 9

1.7

Timeandsav-ingsde-

posits

6.33.42.22.6

244.77.88.19.1

869.4

11.913.911.0

12 018 326.126.226.1

27 819.035.331.19.1

43.667 774.463 655.7

83 4107.5107 5100 378.5

125.665.6

96.881.8

120 0203 7

25 292 884 360.1

131.4102 494.7

Moneymar-ket

fundshares

2.4

13- . 0

269

34.4

29.2107.5

61.3

5.1-11 .9

148 459.9

137.384.3

41?86.5

Securities

Govern-ment

securi-ties2

- 1 . 51.61.31.8

_ 1- . 62.52.51.0

5.83.92.3

- 2 . 510.1

2.21.41.3

.64.8

3.711.3

- 1 . 25.2

25.9

- 5 . 4= 12 2

2.724.228.3

25 011.718 233.655.5

40.557.3

65.7- 6 . 640.162.7

51103.2

83.737.0

42.6105.2

68.9

Cor-porateequi-ties3

1.11.11.0

.7

.71.81.61.0

.8

1.02.01.51.5

- . 6.3

- 2 . 1- 2 . 6

—2

- 2 . 17

- 4 . 775

- 2 . 8

-1 .7- 5 . 5- 5 . 1

- . 6

- 3 . 8-4 .6

3.5

-15.9

2.1-31.6

.6R9

1.5

15 529.0

-55.0-26.8

n n44

-12.5

Othersecuri-ties*

- 0 . 9- . 8

.0- . 4

- . 7.3.0.3

— 9

.81.21.01.1

— 3

2.4,1.1

1.4.4

1.32.45.27.9

10.0

6.9654.9

11.16.8

448.647

12.518.4

7.0- 6 . 4

.42.4

13.312.1

- 1 1 3- 7 . 4

-21.914.9

-19.9-30.7

3.0

Insur-anceand

pensionre-

serves5

5.35.45.35.6

6.96.37.77.97.8

8.59.59.5

10.411.9

11.512.112.713.916.1

16.919.218.619.821.5

23.927.429.433.036.2

43 552.467.473.868.2

89.698.7

80.795.8

100.181.9

84.6103.5113.393.6

90.6112.0104.4

Otherfinan-

cialas-

sets6

2.82.42.21.6

191.92.02.12.1

2 12.52.83.53.3

3.6433.22.93.2

3.74.46.78.14.0

5.458

11.483

11.1

13 619.219229.834.6

36.938.3

34.3

42.2V\

37 24?fi40133.2

?9fi

46.6

Net investment7

Owner-occu-pied

homes

3.66.79.18.4

11.811.711.312.312.7

16.715.613.212.316.3

14.812.713.514.315.0

14.513.511.715.716.3

13.620.728.031.025.2

23 536.152.363.967.9

48.743.8

59.849.340.845.6

49.048.442.435.7

27.129.629.5

Con-sumerdura-bles

6.19.09.8

10.6

14 811.38.6

10.17.1

12 28.57.73.67.3

7.0438.5

11.815.0

20 223.121.127.026.3

20.026 634.640.428.4

26 540.049 6

52.5

32.438.2

46.4185

VO

45 7

4? 829.0

35 737 735.2

Non-cor-

poratebusi-nessas-

sets8

2.31.86.91.8

684.52.31.01.9

291.22.72.65.0

3.64.77.59.89.2

13.310.810.210.012.7

11.517.520.626.610.6

5.83.3

15.2

26.3

8.727.9

14.7

60139

25.33? 9?9fi

5,978

Less: t

Mort-gagedebton

non-farm

homes

3.64.74.64.4

676.66.27.68.7

12 211.28.99.5

12.8

11.712 214.116.217.5

17 013.812.516.918.6

14.126 241.446.538.0

40661.4911

111 ^121.3

98.381.4

123.783 794 4914

91.699 577 8

66 8SIR51.1

Jet increase indebt

Con-sumercredit

3.13.73.23.2

481.65.34.21.5

723.92.9

.58.0

4.42.56.38.99.8

10 66.55.7

11.510.8

5.414.719.8

9.9

9.625.440.248 845.4

4.925.3

21.8

141

26.53??34?8.3

fi.6

8.2

Otherdebt8 8

- 0 . 42.22.82.2

503.72.71.95.5

643.23.86.07.2

4.9657.2

10.710.8

14 312.217.619.219.4

20.730 344.243 835.4

26 937.952 459.368.0

73.775.2

80.445.763.9

104.7

74.793.270.162.8

28.565.462.8

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.4 Corporate and foreign bonds and open market paper.s Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and pension reserves.6 Consists of security credit, mortgages, accident and health insurance reserves, and nonlife insurance claims for households and 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, policy loans, and noncorporate business debt.Source: Board of Governors of the Federal Reserve System.

193


TABLE B-27.—Number and median income (in 1981 dollars) of families and persons, and poverty status,

by race, selected years, 1947-81

Year

ALL RACES1947195019551960196119621963196419651966 3

19671968196919701971197219731974 »19751976197719781979*19801981WHITE19701971197219731974 3

19751976197719781979*19801981BLACK19701971197219731974 •19751976197719781979*19801981

Number(mil-

lions)

37 239.942 9

45.546 447147.548 048.549.250.150 851652 253.354.455.155 756.256 757.257.859 660.3610

46 547.648 548949 449 950150 550952.252 753.3

4.95.25.35.45.55.65.85.85.96.26.36.4

Medianincome

$12,34112,53915,006

17,25917,43517,90718,56319,26220,05421,10821,60922,56623,40223,11123,09724,16624,66323,79523,18323,89824,02724,59124,54223,20422,388

23,97523,96625,10725,77724,72824,11024,82325,12425,60625,61024,17623,517

14,70714,46214,92214,87714,76514,83514,76614,35215,16614,50213,98913,266

Families >

Below poverty level

Total

Num-hprDel

(mil-lions)

8.28.48.17.67.26.75.85.75.05.05.35.35.14.84.95.55.35.35.35.56.26.9

3.73.83.43.23.43.83.63.53.53.64.24.7

1.51.51.51.51.51.51.61.61.61.71.82.0

Rate

18.118.117.215.915.013.911.811.410.09.7

10.110.09.38.88.89.79.49.39.19.2

10.311.2

8.07.97.16.66.87.77.17.06.96.98.08.8

29.528.829.028.126.927.127.928.227.527.828.930.8

Female householder

Number(mil-lions)

2.02.02.02.01.81.91.71.81.81.82.02.12.22.22.32.42.52.62.72.63.03.3

1.11.21.11.21.31.41.41.41.41.41.61.8

.8

.91.01.01.01.01.11.21.21.21.31.4

Rate

42.442.142.940.436.438.433.133.332.332.732.533.932.732.232.132.533.031.731.430.432.734.6

25.026.524.324.524.825.925.224.023.522.325.727.4

54.353.553.352.752.250.152.251.050.649.449.452.9

Personsbelow

poverty level

Num-ber

/millions)

39.939.638.636.436.133.228.527.825.424.125.425.624.523.023.425.925.024.724.526.129.331.8

17.517.816.215.115.717.816.716.416.317.219.721.6

7.57.47.77.47.27.57.67.77.68.18.69.2

Rate

22.221.921.019.519.017.314.714.212.812.112.612.511.911.111.212.311.811.611.411.713.014.0

9.99.99.08.48.69.79.18.98.7

19.010.211.1

33.532.533.331.430.331.331.131.330.631.032.534.2

Median income of persons 14 yearsold and over with income *

M

Allpersons

$9,0809,710

11,405

12,53012,73513,14513,40013,62614,47914,87015,12615,63315,95015,62315,50216,19616,48715,58814,96015,05915,19315,24414,75913,83013,473

16,42116,25216,98717,30016,32915,71515,87615,91315,96615,41814,71014,296

9,7379,692

10,28910,46410,1189,3959,5599,4439,5659,5448,8408,501

ales

Year-round

full-timeworkers

$14,405

16,68817,21717,51718,03118,42619,01919,49119,85520,42721,50421,51121,62822,90923,47022,43021,85622,14222,61722,39121,90121,16220,692

22,12722,23723,73624,15022,86722,36122,80223,08022,80722,53421,76621,178

15,07215,20516,02916,27616,38316,64116,33115,91217,46816,24015,31414,984

Ferr

Allper-sons

54,1413,6013,804

3,8733,8884,0354,0764,2494,3844,5904,9065,2785,2895,2405,4085,6505,7225,6845,7205,7135,9155,6715,4535,4305,458

5,3075,4975,6875,7775,7495,7795,7616,0055,7395,5045,4605,519

4,8324,8175,3135,2155,1905,2505,4295,1855,1685,0095,0554,903

ales

Year-roundfull-time

work-ers

(9,289

10,12210,15710,39410,56310,87811,00011,28311,43511,94212,59512,74212,80313,15913,27813,23113,04413,28013,22813,44013,19512,79312,457

12,96712,95113,41813,50313,34313,07413,38213,31213,56713,31112,91712,665

0,6241,4351,4791,4512,3142,4912,5112,4422,5742,1972,0471,438

1 The term "family" refers to a group of two or more persons related by blood, marriage, or adoption and residing together; all suchpersons are considered members 01 the same family. Beginning 1979 based on householder concept and restricted to primary families.3 Beginning 1979, data are for persons 15 years and over.

'Based on revised methodology; comparable with succeeding years.* Based on 1980 census population controls; comparable with succeeding years.

Note.—The poverty level is based on the poverty index adopted by a Federal interagency committee in 1969. That index reflecteddifferent consumption requirements for families based on size and composition, sex and age of family householder, and farm-nonfarmresidence. Minor revisions implemented in 1981 eliminated variations in the poverty thresholds based on two of these variables, farm-nonfarm residence and sex of householder. The poverty thresholds are updated every year to reflect changes in the consumer price indexFor further details see "Current Population Reports," Series P 60, No. 133.

Source: Department of Commerce, Bureau of the Census.

194


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

TABLE B-28.—Population by age groups, 1929-82

[Thousands of persons]

July l TotalAge (years)

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

1929

1933

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

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

227,658229,807231,990

11,734

10,612

10,418

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

16,44816,939

26,800

26,897

25,179

10,57910,85011,30112,01612,524

12,97913,24414,40614,91915,607

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

38,81438,040

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

17,13116,679

10,694

11,152

11,519

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

21,60521,938

35,862

37,319

39,354

11,69011,80711,95512,06412,062

12,03612,00411,81411,79411,700

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

63,46565,487

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

44,48744,471

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

25,70826,253

1 Not available.Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.Source: Department of Commerce, Bureau of the Census.


TABLE B-29-—Noninstitutional population and the labor force, 1929-82

[Monthly data seasonally adjusted, except as noted]

Year or month

Noninsti-tutionalpopula-tion »

ArmedForcesl

Civilian labor force

Total

Employment

Total Agri-cultural

Nonagri-cultural

Unem-ployment

ment rate(percent

of civilianlabor

force)

Civilian labor forceparticipation rate2

Total Males Females

1929..

1933..

1939,.

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

1945..1946..1947..

1947....1948....1949....

1950....1951....1952....19533..1954....

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

I9603

19611962819631964

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

1970197119723....19733....1974

19751976197719783....1979

1980..1981..1982..

Thousands of persons 14 years of age and over Percent

100,380101,520102,610103,660104,630

105,530106,520107,608

103,418104,527105,611

106,645107,721108,823110,601111,671

112,732113,811115,065116,363117,881

119,759121,343122,981125,154127,224

129,236131,180133,319135,562137,841

140,272143,033146,574149,423152,349

153.333158,294161,166164,027166,951

169,848172,272174,451

260

250

370

5401,6203,9709,02011,410

11,4403,4501,590

49,180

51,590

55,230

55,64055,91056,41055,54054,630

53,86057,52060,168

47,630

38,760

45,750

47,52050,35053,75054,47053,960

52,82055,25057,812

10,450

10,090

9,610

9,5409,1009,2509,0808,950

8,5808,3208,256

37,180

28,670

36,140

37,98041,25044,50045,39045,010

44,24046,93049,557

Thousands of persons 16 years of age and over

1,5911,4561,616

1,6493,0983,5933,5473,350

3,0482,8562,7992,6362,551

2,5142,5722,8272,7372,738

2,7223,1223,4463,5343,506

3,1882,8162t4492,3262,229

2,1802,1442,1332,1172,088

2,1022,1422,179

59,35060,62161,286

62,20862,01762,13863,01563,643

65,02366,55266,92967,63968,369

69,62870,45970,61471,83373,091

74,45575,77077,34778,73780,734

82,77184,38287,03489,42991,949

93,77596,15899,009

102,251104,962

106,940108,670110,204

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,305

71,08872,89574,37275,92077,902

78,67879,36782,15385,06486,794

85,84688,75292,01796,04898,824

99,303100,39799,526

7,8907,6297,658

7,1606,7266,5006,2606,205

6,4506,2835,9475,5865,565

5,4585,2004,9444,6874,523

4,3613,9793,8443,8173,606

3,4633,3943,4843,4703,515

3,4083,3313,2833,3873,347

3,3643,3683,401

49,14850,71449,993

51,75853,23553,74954,91953,904

55,72257,51458,12357,45059,065

82,43885,42188,73492,66195,477

95,93897,03096,125

1,550

12,830

9,480

8,1205,5602,6601,070

670

1,0402,2702,356

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

60,31860,54661,75963,07664,782

66,72668,91570,52772,10374,296

75,21575,97278,66981,59483,279

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,273

10,678

3.2

24.9

17.2

14.69.94.71.91.2

1.93.93.9

3.93.85.9

5.33.33.02.95.5

4.44.14.36.85.5

5.56.75.55.75.2

4.53.83.83.63.5

4.95.95.64.95.6

8.57.77.16.15.8

7.17.69.7

55.756.057.258.758.6

57.255.856.8

58.358.858.9

59.259.359.058.958.8

59.360.059.659.559.3

59.459.358.858.758.7

58.959.259.659.660.1

60.460.260.460.861.3

61.261.662.363.263.7

63.863.964.0

83.784.385.686.487.0

84.882.684.0

86.486.686.4

86.586.386.085.5

85.385.584.884.283.7

83.382.982.081.481.0

80.780.480.480.179.8

79.779.178.978.878.7

77.977.577.777.977.8

77.477.076.6



TABLE B-29.—Noninstitutional population and the labor force, 1929-82—Continued

[Monthly data seasonally adjusted, except as noted]

Year or monthNoninsti-tutionalpopula-tion1

ArmedForcesl

Civilian labor force

TotalEmployment

Total Agri-cultural

Nonagri-cultural

Unem-ployment

Unemploy-ment rate(percent

of civilianlabor

force)

Civilian labor forceparticipation rate2

Total Males Females

Thousands of persons 16 years of age and over Percent

1980:JanFebMar

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

JulyAugSeptOctNovDec

1981:JanFebMarAprMayJune



MyAugSeptOctNovDec

168,625168,846169,073169,289169,494169,735

170,030170,217170,419170,624170,814171,007

171,229171,400171,581171,770171,956172,172

172,385172,559172,758172,966173,155173,330

173,495173,657173,843174,020174,201174,364

174,544174,707174,889175,069175,238175,380

2,0812,0862,0902,0922,0882,092

2,0992,1142,1212,1212,1192,124

2,1252,1212,1282,1292,1272,131

2,1392,1602,1652,1582,1582,164

2,1592,1682,1752,1762,1752,173

2,1802,1962,1982,1882,1802,182

106,546106,637106,394106,552106,892106,832

107,169107,116107,148107,438107,596107,446

108,012108,175108,471108,866109,101108,440

108,602108,762108,375109,028109,254109,066

109,034109,364109,478109,740110,378110,147

110,416110,614110,858110,752111,042111,129

99,87299,96399,67799,20498,92298,769

98,81698,82999,10499,32799,56799,650

99,964100,143100,504101,006100,968100,393

100,748100,709100,104100,355100,22999,677

99,68899,69599,59799,48499,99499,681

99,58899,68399,54399,17699,13699,093

3,3133,3873,4123,3183,3853,309

3,3313,2473,4483,3623,3873,486

3,4203,3403,3563,5193,3713,360

3,3203,3963,3583,3743,3893,219

3,3793,3673,3673,3563,4463,371

3,4453,4293,3633,4133,4663,411

96,55996,57696,26595,88695,53795,460

95,48595,58295,65695,96596,18096,164

96,54496,80397,14897,48797,59797,033

97,42897,31396,74696,98196,84096,458

96,30996,32896,23096,12896,54896,310

96,14396,25496,18095,76395,67095,682

6,6746,6746,7177,3487,9708,063

8,3538,2878,0448,1118,0297,796

8,0488,0327,9677.8608,1338,047

7,8548,0538,2718,6739,0259,389

9,3469,6699,881

10,25610,38410,466

10,82810,93111,31511,57011,90612,036

6.36.36.36.97.57.5

7.87.77.57.57.57.3

7.57.47.37.27.57.4

7.27.47.68.08.38.6

8.68.89.09.39.49.5

9.89.9

10.210.510.710.8

64.063.963.763.763.963.7

63.863.763.763.863.863.6

63.963.964.064.264.263.8

63.863.863.563.863.963.7

63.663.863.863.964.264.0

64.164.164.264.164.264.2

77.777.877.577.477.677.5

77.577.377.377.377.377.0

77.377.277.377.477.476.7

76.876.976.776.776.876.7

76.576.676.576.677.076.5

76.576.676.876.776.876.6

51.651.551.351.451.551.4

51.551.551.451.651.651.6

51.852.052.152.352.4521

52.152.151.752.252.352.0

52.152.352.352.452.752.7

52.952.952.852.752.853.0

1 Not seasonally adjusted.2 Civilian labor force as percent of civilian noninstitutional population.3 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census

data added about 600,000 to population and about 350,000 to labor force, total employment, and agricultural employment. Beginning1960, inclusion of Alaska and Hawaii added about 500,000 to population, about 300,000 to labor force, and about 240,000 tononagricultural employment. Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force andemployment by about 200,000. Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutionalpopulation ana about 333,000 to labor force and employment. A subsequent adjustment based on 1970 census in March 1973 added60,000 to labor force and to employment. Beginning 1978, changes in sampling and estimation procedures introduced into thehousehold survey added about 250,000 to labor force and to employment. Unemployment levels and rates were not significantlyaffected.

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

Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-30.—Civilian employment and unemployment by sex and age, 1947-82

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

Year ormonth

Civilian employment

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Unemployment

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-1920

yearsandover

194719481949

1950195119521953K..1954

19551956195719581959

I9601.,.,19611962»....19631964

19651966196719681969197019711972»...1973 >...1974

1975197619771978 »....1979

198019811982

1981:JanFebMar...,

May...,June..,

July....Aug....

fSzNov...,Dec...,

1982:JanFebMar....

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

57,03858,34357,651

58,91859,96160,25061,17960,109

62,17063,79964,07163,03664,630

65,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,794

85,84688,75292,01796,04898,824

99,303100,39799,526

99,964100,143100,504101,006100,968100,393

100,748100,709100,104100,355100,22999,677

99,68899,69599,59799,48499,99499,68199,58899,68399,54399,17699,13699,093

40,99541,72540,925

41,57841,78041,68242,43041,619

42,62143,37943,35742,42343,466

43,90443,65644,17744,65745,474

46,34046,91947,47948,11448,81848,99049,39050,89652,34953,024

51,85753,13854,72856,47957,607

57,18657,39756,271

57,35757,33757,55757,83757,73957,314

57,61457,54057,40457,25757,06256,746

56,66756,67056,49956,44456,72456,249

56,12756,15956,07255,93255,89255,809

2,2182,3442,124

2,1862,1562,1072,1361,985

2,0952,1642,1152,0122,198

2,3612,3152,3622,4062,587

2,9183,2533,1863,2553,4303,4093,4783,7654,0394,103

3,8393,9474,1744,3364,300

4,0853,8153,379

3,9683,9333,9163,9813,8923,736

3,7863,7963,7583,7503,6833,578

3,5683,5403,4733,4203,5343,306

3,2223,3273,2963,2833,3033,275

38,77639,38238,803

39,39439,62639,57840,29639,634

40,52641,21641,23940,41141,267

41,54341,34241,81542,25142,886

43,42243,66844,29444,85945,38845,58145,91247,13048,31048,922

48,01849,19050,55552,14353,308

53,10153,58252,891

53,38953,40453,64153,85653,84753,578

53,82853,74453,64653!50753,37953,168

53,09953,13053,02653,02453,19052,943

52,90552,83252,77652,64952,58952,534

16,04516,61716,723

17,34018,18118,56818,74918,490

19,55120,41920,71420,61321,164

21,87422,09022,52523,10523,831

24,74825,97626,89327,80729,08429,68829,97631,25732,71533,769

33,98935,61537,28939,56941,217

42,11743,00043,256

42,60742,80642,94743,16943,22943,079

43,13443,16942,70043,09843,16742,931

43,02143,02543,09843,04043,27043,432

43,46143,52443,47143,24443,24443,284

1,6911,6821,588

1,5171,6111,6121,5841,490

1,5471,6541,6631,5701,640

1,7681,7931,8331,8491,929

2,1182,4682,4962,5262,6872,7352,7302,9803,2313,345

3,2633,3893,5143,7343,783

3,6253,4113,170

3,5583,5383,5143,5453,5043,383

3,4133,4433.3443,2633,2473,194

3,2043,2003,2153,2133,2063,178

3,1503,1563,1853,1323,1213,069

14,35414,93615,137

15,82416,57016,95817,16417,000

18,00218,76719,05219,04319,524

20,10520,29620,69321,25721,903

22,63023,51024,39725,28126,397

26,95227,24628,27629,48430,424

30,72632,22633,77535,83637,434

38,49239,59040,086

39,04939,26839,43339,62439,72539,696

39,72139,72639,35639,83539,92039,737

39,81739,82539,88339,82740,06440,254

40,31140,36840,28640,11240,12340,215

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,8324,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,273

10,678

8,0488,0327,9677,8608,1338,047

7,8548,0538,2718,6739,0259,389

9,3469,6699,881

10,25610,38410,466

10,82810,93111,31511,57611,90612,036

1,6921,5592,572

2,2391,2211,1851,2022,344

1,8541,7111,8413,0982,420

2,4862,9972,4232,4722,2051,9141,5511,5081,4191,4032,2382,7892,6592,2752>14

4,4424,0363,6673,1423,120

4,2674^776,179

4,4774,4484,3974,30044954,439

4,2264,4444,4994,7645,0525,396

5,3815,4865,6625,8565,9216,076

6,2346,3456,7036,8447,0067,046

270256353

318191205184310

274269300416398

426479408501487

479432448426440599693711653757

966939874813811

913962

1,090

958947955947

883

$949

1,0261,029

1,019

L0861,1031,0601,0841,1131,1251,1301,1411,137

1,4221,3052,219

1,9221,029

9801,0192,035

1,5801,4421,5412,6812,022

2,0602,5182,0161,9711,718

1,4351,1201,060

993963

1,6382,0971,9481,6241,957

3,4763,0982,7942,3282,308

3,3533,6155,089

3,4793,5003,4393,3533.5403,492

3,3433.5133,5593,8154,0264,367

4,3624,4514,6074,7704,8185,016

5,1505,2325,5785,7145,8655,909

619717

1,065

1,049834698632

1,188

9981,0391,0181,5041,320

1,3661,7171,4881,5981.581

1,4521,3241,4681,3971.429

1,8552,2272,2222,0892,441

3,4863,3693,3243,0613,018

3,3703,6964,499

3,5713,5443,5703,5603,6383:608

3,6283,6093,7723,9093,9733,993

3,9654,1834,2194,4004,4634,390

4,5944,5864,6124,7324,9004,990

144153223

195145140123191

176209197262256

286349313383385

395405391412413506568598583665

802780789769743

755800

762778805800792778

761760819866868819

856897817872895825

922915902908911919

475564841

854689559510997

823832821

1,2421,063

1,0801,3681,1751,2161,195

1,056921

1,078985

1,015

1,3491,6581,6251,5071,777

2,6842,5882,53522922,276

2,6152,8953,613

2,8092,7662,7652,7602,8462,830

2,8672,8492,9533,0433,1053,174

3,1093,2863,4023,5283,5683,565

3,6723,6713,7103,8243,9894,071

1 See footnote 3, Table B-29.Note.—See Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

198


TABLE B-31.—Selected employment and unemployment data, 1948-82

[Percent; monthly data seasonally adjusted]

Year ormonth

19481949

19501951....1952195319541955 "".19561957 .19581959

1960 .196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982

1981:Jan....Feb....Mar...

June..

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

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

May!"June..


Civilian employment as percent of population1

Total

55854.6

55 255.755.455.353 855.156.155 754.254.8

54 954.254 254.154 555.055 655.856.056.5

56.155.556.056.957.055.356.157.158.659.2

58.558.357.1

58.458.458.658.858.758.3

58.458.457.958.057.957.5

57.557.457.357.257.457.2

57.157.156.956.656.656.5

Bothsexes16-19

years

45543.0

43 844.944.143.940141.342.741137.638.1

39.037.537 635.835 837.740740.440.642.1

41.240.442.644.845.042.343.245.147.447.7

45.843.740.8

45.044.844.645.344.643.0

43.644.043.242.842.441.5

41.641.541.341.141.840.4

39.840.640.740.440.640.1

Males20

yearsandover

83 981.6

81.981.680.880.678.880.080.880278.079.0

78.777.677 477.377 777.977 677.477.176.9

76.175.375.876.375.772.973.273.774.574.7

72.972.370.2

72.672.672.873.072.872.4

72.672.472.171.871.571.2

71.070.970.770.670.770.3

70.169.969.869.569.369.1

Fe-males

20yearsandover

30.730.6

31.632.633.032.932 333.834.935.034.635.1

35.735.535836.236937.638 639^340.041.1

41.240.841.342.242.742.343.544.746.547.6

48.048.548.3

48.248.448.648.748.848.7

48.648.648.048.548.648.3

48.348.348.348.148.348.5

48.548.548.448.148.048.1

White

54.054354.855 455.755.956.5

56.255.756.457.357.555.956.857.959.360.0

59.459.358.2

59.359.559.559.859.759.4

59.559.559.059.158.958.6

58.558.558.458.358.558.3

58.258.258.157.757.757.6

Blackand

other

55.256156.857 256.956.656.7

55.553.853.254.053.350.451.051.553.754.0

52.451.449.8

52.151.652.052.552.051.2

51.350.951.151.051.050.6

50.550.350.149.750.149.7

49.849.749.649.549.349.3

Unemployment rate2

Allwork-

ers

3.85.9

5.33.33.02.95.54.44.14.36.85.5

5.56.7555.7524.5383.83.63.5

4.95.95.64.95.68.57.77.16.15.8

7.17.69.7

7.57.47.37.27.57.4

7.27.47.68.08.38.6

8.68.89.09.39.49.5

9.89.9

10.210.510.710.8

By sex and age

Bothsexes18-19

years

9213.4

12.28.28.57.6

12.611.011.111615.914.6

14 716.814 717.216 214.812 812.912.712.2

15.316.916.214.516.019.919.017.816.416.1

17.819.623.2

19.019.119.218.819.119.5

18.618.919.920.621.521.4

21.722.321.922.822.922.5

23.923.823.824.124.224.5

Males20

yearsandover

3.25.4

4.72.52.42.5493.83.43.66.24.7

4.75.74.64.5393.2252!32.22.1

3.54.44.03.33.86.85.95.24.34.2

5.96.38.8

6.16.26.05.96.26.1

5.86.16.26.77.07.6

7.67.78.08.38.38.7

8.99.09.69.8

10.010.1

Fe-males

20yearsandover

3.65.3

514.03.22.955444.24.16.15.2

5.16.3545'.4524.5384.23.83.7

4.85.75.44.95.58.07.47.06.05.7

6.46.88.3

6.76.66.66.56.76.7

6.76.77.07.17.27.4

7.27.67.98.18.28.1

8.38.38.48.79.09.2

By selected groups

Experi-encedwageand

salarywork-

ers

436.8

6.03.73.43.26.2484.44.67.35.7

5.76.8565.6504.3353.63.43.3

4.85.75.34.55.38.27.36.65.65.5

6.97.39.3

7.17.17.06.87.27.0

6.97.07.37.67.98.4

8.28.58.79.19.29.2

9.49.49.8

10.110.510.7

Mar-riedmen,

spousepres-ent »

3.5

461.51.41.7402.62.32.85.13.6

3.74.6363.4282.4191.81.61.5

2.63.22.82.32.75.14.23.62.82.8

4.24.36.5

4.24.24.23.84.04.2

4.04.04.34.75.05.6

5.35.45.66.06.16.4

6.66.87.27.57.67.8

Wom-en

whomain-tain

fami-lies

4.94.44.4

5.47.37.27.17.0

10.010.19.48.58.3

9.210.411.7

10.39.99.89.9

10.410.5

11.210.210.610.710.810.3

10.410.410.811.511.912.1

12.011.712.411.312.513.2

Full-time

work-ers*

5.4

502.62.5

523.83.7407.2

6.7

5.5494.235343.13.1

4.55.55.14.45.18.17.36.65.65.3

6.97.39.6

7.27.27.16.97.17.1

6.97.07.37.78.08.5

8.48.58.99.19.29.4

9.69.7

10.210.510.610.8

Blue-col-lar

work-ers5

428.0

7.23.93.6347.25.85.16.2

10.27.6

7.89.2747.3635.3424.44.13.9

6.27.46.55.46.7

11.79.48.16.97.0

10.010.34.2

10.110.210.09.69.99.8

9.69.7

10.210.911.612.6

12.412.513.013.513.614.0

14.414.415.515.816.216.3

1 Civilian employment as percent of total noninstitutional population.2 Unemployment as percent of civilian labor force in group specified.3 Data for 1949 and 1951-54 are for April; 1950, for March.* Data for 1949-61 are for May.8 Includes craft and kindred workers, operatives, and nonfarm laborers. Data for 1948-57 are based on data for January, April, July,

and October.Note—Data relate to persons 16 years of age and over. See footnote 3 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-32.—Civilian labor force participation rate by demographic characteristic, 1954-82

[Percent;1 monthly data seasonally adjusted]

Year or month

1954

19551956195719581959

I9601961196219631964

19651966196719681969 ,

19701971197219731974

19751976197719781979

198019811982

1981:JanFebMarApr!&:::::::JuneJulyAug ........SeptOctNovDec

1982:JanFebMar

ftJune :*:"

Auc .....Sept

<3 :NovDec

Allcivil-ian

work-ers

58.8

59.360059.659 559.3

59.459 358.858 758.7

58.959 259.659 660.1

60.460.260.460.861.3

61.261.662 363.263.7

63.863.964.0

63.963.964.064.264.263.8

63.863.863.563 863.963.7

63.663.863 863.964,264.0

64.164164.264.164.264.2

White

Total

58.2

58.759.459.158958.7

58.858 858.358.258.2

58.458.759.259359.9

60.260.160.460.861.4

61.561.862 563.363.9

64.164.364.3

64.364.364.464.564.764.2

64.264.263.964 264.264.2

64.064.164164.364.664.4

64.464.464.664.464.564.6

Males

Total

85.6

85.485 684.884 383.8

83.483082.181581.1

80.880680.780480.2

80.079.679.679.479.4

78778.478 578.678.6

78.277,977.4

78.178.278 278.378.477.7

77 777.777.577 677.777.7

77.377 477 477.577.977.3

77 277 477.777.677.677.5

16-19years

57.6

58.660.459.256 555.9

55.954 553.853.152.7

54.155.956.355956.8

57.557.960.162.062.9

61.962,364 065.064.8

63.762.460.0

63.664.063 663.662.961.1

61.161.862.062 262.461.0

61.160 960 360.662.458.7

57.959 759.459.460.059.6

20yearsandover

87.8

87.587 686.986686.3

86.085 784.984 484.2

83.983683.583 283.0

82.882.382 081.681.4

80 780.380 280.180.1

79.879 579.2

79.779.779879.980.079.5

79 579.479 279 279.279.4

79.079279179.279.579.2

79 279179.579.479.479.3

Females

Total

33.3

34.535.735.735.836.0

36.536936.737.237.5

38.139.240.140 741.8

42.642.643.244.145.2

45946.948049.450.5

51.251,952.4

51.751.851851.952.251.8

52 051.951551952.051.8

51.952 052 052.352.552.5

52 852 752.752.452.652.8

16-19years

40.6

40.743142.240139.6

40.340 639.838 737.8

39.242 642.543 044.6

45.645.448150.151.7

51552.854556.757.4

56.255455.0

56.056.556 256.456.254.4

55156.055154254.653.8

54.654954 455.755.454.6

55055 055.355.255.154.6

20yearsandover

32.7

34.035.135.235 535.6

36.236 636.537.037.5

38.038.839.840441.5

42.242.342.743.544.4

45 346.247 348.749.8

50.651552.2

51.251.351451.551.951.6

51751.551151751.851.7

51.651751851.952.252.4

52 652 552.452.152.452.6

Black and other

Total

64.3

64.264 964.464 864.3

64 564163.263 063.1

62.963062.862 262.1

61.860.960 260.560.3

59659.860462.262.2

61.761361.6

61.360.861661.961.561.1

60 861.161261561.561.4

61.261261461.161.761.3

61661861.962.061.862.1

Males

Total

85.2

85,085,184,384 083.4

83.082 280.880.280.0

79.679.078,577 676.9

76.574.973.974.073.5

71.971.271672.672.5

71.570 671.0

71.070.170670.971.070.0

69 970.970870770.570.7

70.470 470 470.770.870.7

71271171.471.471.571.5

16-19years

61.2

60.861.558.857.355.5

57.655.853.551.549.9

51.351.451.149.749.6

47.444.746.046.347.2

42.942.343.645.444.0

43.541.740.6

45.341.741.244.943.940.5

40.840.839.339 240.741.6

39.941.740.938.741.137.7

39.341.441.742.041.340.7

20yearsandover

87,1

87.887.887.087186.7

86.285 584.283.984.1

83.783.382.982 281.4

81.480.078.678.678.0

76 876.176277.177.1

75.975.075.4

74.974.575174.975.274.5

74.475.575.575 575.074.9

74.974 674.875.475.275.6

75.975 575.875.875.976.0

Total

46.1

46.147.347,248.047.7

48.248 348.048.148.5

48.649.349.549.349.8

49.549.248.849.349.3

49.450.451.253.553.7

53.653.653.9

53.353.054.154.453.653.7

53.353.053.453.954.153.7

53.653.654.053.254.253.6

53.854.254.154.253.754.3

Females

16-19years

31.0

32.736333.231928.2

32.932 833.132 631.7

29.533 535.234 834.6

34.131.232.334.434.1

35.633.633638.037.8

35.934.534.5

36.032.335 937.734.634.8

32,431.333.237 435.032.9

33.534 633.431,934,131,5

34 936936.435.635.335.8

20yearsandover

47.7

47 S48.44ft fi49 849.8

49.950149.649950.7

51.151.6S1fi51452.0

51.851.851.251.451.5

51.452.853.655.655.8

55.9%\56.3

55.555.756.456.556.056.1

55.955.855.956056.556.4

56.156.056.555.856.756.4

56156 256.256.455.956.5

1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 3 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

200


TABLE B-33.—Civilian unemployment rate by demographic characteristic, 1948-82

[Percent;1 monthly data seasonally adjusted]

Year or month

19481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982

1981:Jan

MarAprMayJune



JulyAugSept

o5 :NovDec

Allcivil-ian

work-ers

3.859

533330295.5

4.4414.3685.5

5.56755575.2

4.5383.8363.5

4.9595.64.95.6

857.7716.15.8

7.1769.7

7.5747372757.4

7274768.08.38.6

86889.09.39495

9.899

10 210 510 710.8

White

Total

3.556

493.1282.75.0

3.9363.8614.8

5.0604.9504.6

4.13.43.43.23.1

4.5545.14.35.0

787.0625.25.1

6.3678.6

6.66,56.464666.4

6.36 366fi97.37.6

76777.98.38484

8.78.79.193969.7

Males

Total

3.456

472.625254.8

3.7343.6614.6

485746474.1

3.6282.7262.5

4.0494.5384.4

726.4554.64.5

61658.8

6464636 1656.3

5962646.87.27.8

76778.08.48586

8.99.19598

10 010.1

16-19years

13.4

11.310 511.515 714.0

14.015 713.715 914.7

12.910.510.710110.0

13.715114.212.313.5

18 317.315 013.513.9

16.217 921.7

17.418 017 917 017 617.8

16.716 717 817.919.720.2

20 620 420.421.920.9212

22.522.522.223.022 622.8

20yearsandover

4.4

3.33.03.25.54.1

4.25.14.03.93.4

2.92.22.12.01.9

3.24.03.63.03.5

6.25.44.73.73.6

5.3567.8

5.55.45.45.25.55.3

5.15.35.45.96.26.8

6.66.77.07.37.57.7

7.98.08.68.89.19.2

Females

Total

3.857

534.2333.15.5

4.3424.3625.3

5.3655.5585.5

5.04.34.64.34.2

5.46.35.95.36.1

867.9736.25.9

6.5698.3

6.96.76.6676.96.7

6.86.5707.17.47.4

7.5777.88.18.28.1

8.38.38.58.79.09.2

16-19years

10.4

9.19.79.5

12 712.0

12.714.812.815.114.9

14.012.111.512.111.5

13.415.114.213.014.5

17.416.415.914.414.0

14.816 619.0

15.516.015.916.216.616.3

16.315.717.217.518.317.7

18.119.017.918.818.718.0

19.118.919.119.919.820.4

20yearsandover

5.1

3.9373.8564.7

4.6574.7484.6

4.03.33.83.43.4

4.45.34.94.35.1

756.8625.25.0

5.6597.3

6.05.7565.65.95.7

5.85.66.06.16.36.4

6.4666.87.17.27.1

7.37.27.57.68.08.1

Black and other

Total

5.989

905.3544.59.9

8.78.37.9

12 610.7

10.212.410.910.89.6

8.17.37.46.76.4

8.29.9

10.09.09.9

13.813.113.111.911.3

13.114.217.3

13.113.213.613.213.614.2

13714814.615?15?15.7

15.516.016.61fi8171171

17.417718118418*)18.8

Males

Total

5.89.6

9.44.95.24.8

10.3

8.87.98.3

13.711.5

10.712.810.910 58.9

7.46.36.05.65.3

7.39.18.97.79.2

13.612.712.311.010.4

13.214.118.2

13.213.012.712.913.614.4

13.814.914.214 815.516.2

16.116.417.317.317.618.2

18.018.519.519.919.720.3

16-19years

14.4

13.415.018.426 825.2

24.026 822.027 324.3

23.321.323.922.121.4

25.028.829.726.931.5

35.235.136.634.031.3

34.437.544.0

39.636.332.936.834.138.1

37.044.535.739.138.437.7

34.939.044.042.844.148.1

45.345.445.843.848.046.7

20yearsandover

9.9

8.47.47.6

12 710.5

9.611.710.09.27.7

6.04.94.33.93.7

5.67.36.95.86.9

11.610.610.08.78.5

11.312.116.2

10.711.011.010.711.712.4

11.912.412.5

13.614.4

14.614.615.115.315.516.0

15.916.317.318.017.418.2

Females

Total

6179

846.1574.19.2

8.5897.3

1089.4

9.411911.011210.7

9.2879.18.37.8

9.310.911.410.610.8

13.913.613.913.012.3

13.114.316.4

13.013.414.513.613.514.0

13 fi14 7

15 614815.1

14911S15.8lfi?164160

16.7169Ififi18817?17.2

16=19years

20.6

19.222 820.228 427.7

24.829 230.234 731.6

31.731.329.628.727.6

34.535.438.434.434.5

38.338.839.638.135.6

36.538.343.8

33.134.842.235.533.337.4

33.241.238.846.141.441.4

42.641.841.042.045.743.1

47.749.743.342.343.142.7

20yearsandover

8.4

7.77864958.3

8310 6

9490

7.56671635.8

6.9878.88?8.5

11 511 311710.610.2

11 1

14 3

11411.8

117

1??

1??

13313,0

13.1

13414.014414 314?

14.414 314414915?15.3

1 Unemployment as percent of civilian labor force in group specified.Note.—See footnote 3 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

201


TABLE B-34.—Unemployment by duration, 1947-82

[Monthly data seasonally adjusted1]

Year or month

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982


JulyAugSeptOclNovDec

1982:JanFebMar

fcJuneJulyAugIt.:::NovDec

Totalunem-ploy-ment

Duration of unemployment

Less than5 weeks

5-14weeks

15=26weeks

27 weeksand over

Thousands of persons 16 years of age and over

2,3112,2763,637

3,2882,0551,8831,8343,532

2,8522,7502,8594,6023,740

3,8524,7143,9114,0703,786

3,3662,8752,9752,8172,832

4,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,273

10,678

8,0488,0327,9677,8608,1338,047

7,8548,0538,2718,6739,0259,389

9,3469,6699,881

10,25610,38410,466

10,82810,93111,31511,57611,90612,036

1,2101,3001>56

1,4501,1771,1351,1421,605

1,3351,4121,4081,7531,585

1,7191,8061,6631,7511,697

1,6281,5731,6341,5941,629

2,1392,2452,2422,2242,604

2,9402,8442,9192,8652,950

3,2953,4493883

3,2783,2843,2783,1673,3823,342

3,3173,3413,5153,6963,8204,040

3,8303,8073,8313,9303,8713,605

3,9593,9334,0043,9303,9634,019

704669

1,194

1,055574516482

1,116

815805891

1,3961,114

1,1761,3761,1341,2311,117

983779893810827

1,2901,5851,4721,3141,597

2,4842,1962,1321,9231,946

2,4702,5393,311

2,3322,3902,4222,4452,5792,390

2,3712,4932,5442,6772,8473,028

3,0793,0683,0983,2553,2813,398

3,2493,3463,5493,5113,5493,460

234193428

425166148132495

366301321785469

503728534535491

404287271256242

428668601483574

1,3031,018913766706

1,0521,1221,708

1,1231,0961,0561,0951,0631,146

1,0851,0651,1301,1691,2181,224

1,2091,4791,6051,5821,6331,683

1,7801,8081,8301,9512,1912,125

164116256

3571378478

317

336232239667571

454804585553482

351239177156133

235519566343381

1,2031,3481,028648535

8201,1621,776

1,2721,2431,2181,1331,1581,131

1,0761,1481,1111,1231,1401,183

1,1931,2711,3571,4981,6341,834

1,7891,8292,0262,2162,3332,607

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.Note.=See footnote 3 and Note, Table B-29.Source: Department of Labor, Bureau of Labor Statistics.

202


TABLE B-35.—Unemployment by reason, 1967-82

[Monthly data seasonally adjusted1]

Year or month

Totalunem-ploy-ment

Job losers Job leavers Reentrants Newentrants

Thousands of persons

1967....19681969....

1970....1971197219731974....

1975....19761977....19781979....

1980....19811982

1982:Jan..Feb..Mar..

May".June.

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

1967....1968....1969....

19701971....197219731974....

1975....1976....19771978....1979....

1980....19811982

1982:Jan..Feb..Mar..Apr..May.June.

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

2,9752,8172,832

4,0935,0164,8824,3655,156

7,9297,4066,9916,2026,137

7,6378,27310,678

9,3469,6699,88110,25610,38410,466

10,82810,93111,31511,57611,90612,036

1,2291,0701,017

1,8112,3232,1081,6942,242

4,3863,6793,1662,5852,635

3,9474,2676,268

5,2435,2465,6285,8895,9386,181

6,3236,4466,9797,3257,3697,295

438431436

550590641683768

827903909874880

891923840

842942885901864826

819814786803794826

945909965

1,2281,4721,4561,3401,463

1,8921,9281,9631,8571,806

1,9272,1022,384

2,1332,2722,2612,3422,3932,378

2,4782,4402,4372,3222,5462,629

396407413

504630677649681

823895953885817

872981

1,185

1,0551,0961,0611,0961,1591,091

1,2301,3041,3031,2961,2441,288

Percent of civilian tabor force

3.83.63.5

4.95.95.64.95.6

8.57.77.16.15.8

7.17.69.7

8.68.89.09.39.49.5

9.89.9

10.210.510.710.8

1.61.31.2

2.22.82.41.92.4

4.73.83.22.52.5

3.73.95.7

4.84.85.15.45.45.6

5.75.86.36.66.66.6

0.6.5.5

.7

.7

.7

.8

.8

.9

.9

.9

.9

.8

1.21.21.2

1.51.71.71.51.6

2.02.02.01.81.7

1.81.92.2

2.02.12.12.12.22.2

2.22.22.22.12.32.4

0.5.5.5

.6

.7

.8

.7

.7

.9

.91.0.9.8

.91.1

1.01.01.01.01.11.0

1.11.21.21.21.11.2

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

Note.—Data relate to persons 16 years of age and over.See footnote 3 and Note, Table B-29.


203


TABLB B-36.—Unemployment insurance programs, selected data, 1946-82

Year or month

All programs

Coveredemploy-ment1

Insuredunemploy-

ment(weeklyaver-

age) • •

Totalbenefits

paid(millions

ofdollars)2 *

State programs

Insuredunem-

ploymentInitialclaims

Exhaus-tions5

Insuredunemploy-ment aspercent

ofcoveredemploy-

ment

Benefits paid

Total(millions

ofdollars)*

Averageweeklycheck

(dollars)s

1946194719481949

19501951195219531954195519561957195819591960196119621963196419651966196719681969

19701971197219731974197519761977197819791980

1981 •>...1981:JanFebMar...,

flfay"..June..

July...Aug...

Nov

Dec1982:Jan,.Feb..Mar..

fcJune..JulyAugSeptOcfNovDec

Thousands Weekly average; thousands

31,85633,87634,64633,098

34,30836,33437,00638,07236,62240,01842,75143,43644,41145,72846,33446,26647,77648,43449,63751,58054,73956,34257,97759,999

59,52659,37566,45869,89772,45171,03773,45976,419

92,06292,65993,300

2,8041,7931,4462,474

1,6051,0001,0691,0672,0511,3991,3231.5712,7731,8602,0712,9941,946

71,9731,7531,4501,1291,2701,1871,177

2,0702,6082,1921,7932,5584,9373,8463,3082,6452,5923,8373,410

4,6214,2643,9483,4533,1112,949

3,0122,8742,6802,7533,2283,935

4,6814,7234,8924,7604,3874,328

4,4954,3984,2824,3914,635

2,878.51,785.51,328.72,269.81,467.6

862.91,043.51,050.62,291.61,560.21,540.61,913.04,290.62,854.33,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.6

4,209.36,154.05,491.14,517.36,933.9

16,802.412,344.810,998.99,006.99,401.3

16,175.415,283.5

1,740.91,567.81,663.71,453.31,192.71,191.3

1,187.71,098.41,088.21,064.41,146.21,666.9

1,835.11,904.52,295.22,141.11,871.92,003.9

1,929.22,033.02,003.71,927.32,044.5

1,295997980

1,9731,513

9691,044

9901,8701,2651,2151,4462,5101,684

1,9082,2901,783

71,8061,6051,3281,0611,2051,1111,101

1,8052,1501,8481,6322,2623,9862,9912,6552,3592,434

3,3503,048

**3,0692,9882,9762,9262,8822,824

2,8012,8672,9413,1273,4003,613

3,5773,5823,7753,9823,9724,011

3,9884,1364,3794,6154,6354,428

189187200340

236208215218304226227270369277

331350302

7 298268232203226201200

296295261247363478386375346388488460

425424420402401413

411436472511542560

563529574573579560

539617654659618546

4.33.13.06.24.62.82.92.85.23.53.23.66.44.4

4.85.64.44.33.83.02.32.52.22.13.44.13.52.73.56.04.63.93.32.9

3,93.5**3.53.43.43.43.33.2

3.23.33.43.63.94.1

4.14.14.34.64.54.6

4.64.75.05.35.35.1

1,094.9775.1789.9

1,736.01,373.1

840.4998.2962.2

2,026.91,350.31,380.71,733.93,512.72,279.02,726.73,422.72,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.9

3,848.54,957.04,471.04,007.65,974.9

11,754.78,974.58,357.27,717.28,612.9

13,761.113,257.8

1,419.61,315.31,394.71,226.71,006.21,009.8

1,062.01,006.61,001.2

997.81,080.81,592.5

1,764.21,783.42,072.61,849.91,573.41,692.2

1,679.41,746.21,710.61,646.61,810.3

18.5017.8319.0320.48

20.7621.0922.7923.5824.9325.0427.0228.1730.5830.4132.8733.8034.5635.2735.9237.1939.7541.2543.4346.17

50.3454.0256.7659.0064.2570.2375.1678.7983.6789.6798.95

106.54

103.67104.48105.74105.98105.47104.59

103.56106.02107.39108.92110.51112.89

114.83117.05117.10117.61118.08118.64"

117.28118.97120.78122.75123.22

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

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

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

9 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.* 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.H 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.


TABLE B-37.— Wage and salary workers in nonagricultural establishments, 1929-82

[Thousands of persons; monthly data seasonally adjusted]

Year ormonth

192919331939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982*



1982:JanFebMar

fc:June

JulyAugSeptOctNov*Dec"

Totalwageand

salaryworkers

31,32423,69930,603

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

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

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

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

90,40691,10589,619

90,90990,91391,01491,09991,13191,286

91,39691,32291.36391,22490,99690,642

90,46090,45990,30490,08390,16689,839

89,53589,31289,26788,86088,68488,518

Manufacturing

Total

10 7027,397

10,278

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

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

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

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

20,28520,17318,849

20,17120,14820,19720,27520,33220,334

20,37920,31120,26720,09719,90319,676

19,51719,45419,31919,16919,11518,930

18,81318,67218,57218,32518,18318,134

Durablegoods

4,715

5,3636,9688,823

11,08410,8569,0747,7428,3858,3267,489

8,0949,0899,349

10,1109,1299,5419,8339,8558,8299,373

9,4599,0709,4809,6169,816

10,40511,28211,43911,62611,895

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

12.18712,11711,114

12,12012,09712,14312,20112,23712,246

12,26612,22812,18412,05911,90111,724

11,62211,57511,49011,37511,33211,203

11,13310,99310.90010,66610,55510,533

I

Non-durablegoods

5.564

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

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

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

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

8,0988,0567,735

8,0518,0518,0548,0748,0958,088

8,1138,0838,0838,0388,0027,952

7,8957,8797,8297,7947,7837,727

7,6807,6797,6727,6597,6287,601

Mining

1087744854925957992925892836862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958

1,0271,1321,122

1,1021,1131,124

978985

1,137

1,1641,1801,1921,1951,2021,206

1,2011,2031,1971,1821,1521,124

1,1001,0861,0751,0581,0511,036

Construc-tion

1,512824

1,165

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

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

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

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

4,3464,1763,912

4,3154,2404,2674,2814,2234,185

4,1754,1464,1244,1014,0714,026

3,9663,9743,9343,9383,9883,940

3,9273,8993,8833,8563,8483,818

Transpor-tationand

publicutilities

3 9162,6722,936

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

4,0344,2264,2484,2904,0844,1414,2444,2413,9764,011

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

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

5,1465,1575,057

5,1395,1455,1535,1635,1585,162

5,1685,1685,1815,1625,1505,128

5,1255,1155,1005,0945,1015,078

5,0445,0255,0315,0074,9944,979

Whole-saleand

retailtrade

6,1234,7556,426

6,7507,2107,1186,9827,0587,3148,3768,9559,2729,264

9,3869,742

10,00410,24710,23510,53510,85810,88610,75011,127

11,39111,33711,56611,77812,16012,71613,24513,60614,09914,705

15,04015,35215,94916,60716,98717,06017,75518,51619,54220,192

20,31020,55120,547

20,38020,42220,43820,50820,54320,590

20,62020,65020,66020,65420,62320,524

20,63020,67020,65520,58420,65220,595

20,61520,55020,49220,44120,39020,297

finance,insur-ance,andreal

estate

149412801,447

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

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

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

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

5,1605,3015,350

5,2525,2645,2705,2865,2955,302

5,3115,3195,3285,3255,3245,331

5,3265,3265,3365,3355,3425,352

5,3595,3605,3675,3575,3625,376

Services

3 4252,8613,502

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

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

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

10,04510,56711,169

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

17,89018,59219,000

18,35218,38218,41418,48018,51718,556

18,61518,65418,70718,77318,81518,834

18,83118,86718,90418,92918,96318,988

19,04219,04819,08419,07419,12519,143

Government

Federal

533565905996

1,3402,2132,9052,9282,8082,2541,8921,8631,908

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

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

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

2,8662,7722,733

2,7982,7892,7802,7742,7762,777

2,7752,7692,7642,7572,7492,756

2,7412,7372,7362,7302,7282,739

2,7372,7392,7342,7232,7262,728

Stateandlocaf

2,5322 6013,090

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

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

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

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

13,37513,25313,051

13,40013,41013,37113,35413,30213,243

13,18913,12513,14013,16013,15913,161

13,12313,11313,12313,12213,12513,093

12,89812,93313,02913,01913,00513,007

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


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

1947-82

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

Year ormonth

Average weekly hours

Totalprivate

non-agricul-tural >

Manufac-turing

Con-struction

Whole-saleand

retailtrade

Average gross hourly earnings,current dollars

Totalprivate

non-agricul-tural x

Manufac-turing

Con-struction

Whole-saleand

retailtrade

Adjusted hourly earnings, totalprivate nonagricultura!2

Index,1977^100

Currentdollars

1977dollars3

Percent changefrom a year

earlier4

Currentdollars

1947194819491950195119521953195419551956195719581959

19601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982"....1981:JanFebMar

tz.June....JulyAugNov."!.'.'Dec

1982:JanFebMar

May'."."June....

JulyAugSept....OctNov...Dec "...

40.340.039.439.839.939.939.639.139.639.338.838.539.0

38.638.638.738.838.738.838.638.037.837.737.136.937.036.936.536.136.136.035.835.735.335.234.8

35.635.235.335.435.435.235.335.235.035.135.135.0

34.435.034.934.935.034.9

34.934.834.834.734.734.6

40.440.039.140.540.640.740.539.640.740.439.839.240.339.739.840.440.540.741.241.440.640.740.6

39.839.940.540.740.0

39.540.140.340.440.239.739.838.9

40.439.739.940.140.240.140.039.939.439.539.339.1

37.639.439.039.039.139.239.239.038.838.838.938.9

38.238.137.737.438.138.937.937.237.137.537.036.837.0

36.736.937.037.337.237.437.637.737.337.937.337.236.536.836.636.436.836.536.837.0

37.036.936.7

38.636.337.237.237.036.537.036.835.336.837.437.0

35.237.136.936.937.536.837.237.036.436.336.436.5

40.540.440.540.540.540.039.539.539.439.138.738.638.838.638.338.238.137.937.737.136.636.135.7

35.335.134.934.634.2

33.933.733.332.932.6

32.232.231.9

32.332.232.232.332.232.132.232.232.132.032.132.0

31.732.031.931.832.031.931.931.932.131.931.831.8

$1,1311.2251.275

1.3351.451.521.611.651.711.801.891.952.022.092.142.222.282.362.462.562.682.853.043.233.453.703.944.244.534.865.255.696.16

6.667.257.67

7.007.057.107.147.197.237.277.347.377.407.457.46

7.527.537.547.597.657.67

7.717.747.727.777.787.83

$1,2161.3271.3761.4391.561.641.741.78

1.851.952.042.102.19

2.262.322.392.452.53

2.612.712.823.013.19

3.353.573.824.094.42

4.835.225.686.176.70

7.277.998.50

7.697.757.817.907.947.998.038.098.148.168.208.20

8.388.348.378.448.488.52

8.568.578.568.568.618.62

$1,5401.7121.792

1.8632.022.132.282.38

2.452.572.712.822.93

3.073.203.313.413.55

3.703.894.114.414.79

5.245.696.066.416.81

7.317.718.108.669.27

9.9410.8011.55

10.4010.4710.5310.5710.6410.7310.8210.9010.9511.0611.1411.22

11.5211.3411.3911.4311.5411.51

11.5611.5811.5611.7111.6011.82

$0,9401.0101.060

1.1001.181.231.301.35

1.401.471.541.601.66

1.711.761.831.891.97

2.042.142.252.412.56

2.722.883.053.233.483.733.974.284.675.06

5.485.936.22

5.725.785.825.855.895.915.945.986.036.036.066.08

6.096.106.126.166.206.22

6.236.266.256.326.346.35

21.623.424.5

25.427.328.730.331.332.434.035.737.238.539.841.042.443.644.8

46.448.450.853.957.5

61.365.769.874.180.0

86.792.9

100.0108.1116.8

127.3138.9148.4

133.7134.8135.7136.6137.6138.4

139.1140.5141.4142.0143.0143.5

144.9145.0145.4146.3147.7148.1

148.9149.9150.1150.8151.1151.9

58.558.962.3

64.063.665.568.770.5

73.375.976.978.080.081.483.085.086.387.5

89.090.392.294.095.095.798.3

101.2101.198.3

97.699.0

100.0100.597.4

93.592.693.3

92.892.792.793.093.092.9

92.292.592.192.192.392.3

92.992.893.393.793.793.1

93.093.293.293.293.394.0

8.34.73.77.55.15.63.3

3.54.95.04.23.5

3.43.03.42.82.83.64.35.06.16.7

6.67.26.26.28.0

8.47.27.68.18.0

9.09.16.8

9.99.99.49.59.48.9

3.89.39.38.68.48.2

8.37.57.27.27.37.1

7.16.66.16.25.65.9

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

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

206


TABLE B-39.—Average weekly earnings in selected private nonagricultural industries, 1947-82

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

Year or month

194719481949

19501951195219531954

1955.1956195719581959

19601961196219631964

19651966196719681969

1970197119721973. .. .1974

19751976197719781979

198019811982 p



1982:JanFebMarAprMay .. . .June;. '. Z I I . .JulyAugSeptoct :Nov.Dec

Average gross weekly earnings

Total privatenonagricultural *

Currentdollars

$45 5849 0050.24

53.1357.8660 6563.7664.52

67 7270.7473 3375.0878.78

806782.6085.9188 4691.33

95 4598.82

101.84107.73114.61

119.83127 31136.90145 39154.76

163 53175 45189.00203 70219.91

23510255.20266.92

249 20248.1625063252 76254.53254.50

25663258 37257.95259.74261.50261.10

258 69263 55263.15264.89267.75267.68

269 08269 35268.66269.62269.97270.92

1977dollars2

$123 52123.43127.84

133.83134.87138 47144.58145.32

153.21157.90158.04157.40163.78

164.97167.21172.16175.17178.38

183.21184.37184.83187.68189.44

186.94190 58198.41198.35190.12

184.16186 85189.00189.31183.41

172.74170.13167.87

172.94170.56171.3117218171.98170.92170.18170 09168.05168.44168.82167.91

165.93168 62168.90169.69169.89168.14

167.97167.61166.87166.53166.75167.75

Manufac-turing

(currentdollars)

$491353 0853.80

58.2863.3466 7570.4770.49

75 3078.78811982.3288.26

89 7292.3496.5699.23

102.97

107.53112.19114.49122.51129.51

133.33142 44154.71166 46176.80190 79209 32228.90249 27269.34

288 62318.00330.65

310 68307.68311.62316 79319.19320.4032120322 79320.72322.32322.26320.62

315 09328 60326.43329.16331.57333.98335.55334.23332.13332.13334.93335.32

Construc-tion

(currentdollars)

$58 83652367.56

69.6876.96828686.4188.54

90.9096.38

100 27103.78108.41

112 67118.08122.47127.19132.06

138.38146.26154.95164.49181.54

195.4521167221.19235 89249.25266.08283 73295.65318.69342.99

367 78398.52423.89

401.44380.06391.72393 20393.68391.65400.34401 12386.54407.01416.64415.14

405.50420.71420.29421.77432.75423.57

430.03428.46420.78425.07422.24431.43

Wholesaleand retail

trade(currentdollars)

$38 0740 8042.93

44.5547.7949 2051.3553.33

551657.4859 6061.7664.41

66 0167.4169.91720174.66

76 9179.3982.3587.0091.39

96.0210109106.4511176119.02

126 45133 79142.52153 64164.96

176 46190.95198.42

184 76186.12187.40188 96189.66189.71191.27192 56193.56192.96194.53194.56

193.05195.20195.23195.89198.40198.42198.74199.69200.63201.61201.61201.93

Percent change froma year earlier, total

privatenonagricultural3

Currentdollars

752.5

5.88.9485.11.2

504.5372.44.9

242.44.0303.2

453.53.15.86.4

4.6627.56.26.45.7737.77.88.0

6.98.54.6

9.59.19.29.59.99.2

10.09.68.47.97.36.1

3.76.24.84.55.24.94.74.34.03.53.23.8

1977dollars

013.6

4.7.8

274.4

.5

543.1

1__ £,

U7

143.0171.8

27.6.2

1.5.9

-1 .3194.1

- 0-4 .1

= 3 1151.2.2

- 3 . 1

= 58- 1 . 5-1 .3

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

- 4.1

- . 3- . 7

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

=4.1-1 .1-1 .6-1 .7-1 .2-1 .9-1 .4-1 .4- .9

-1 .4-1 .2- .1

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

207


TABLE B-40.—Productivity and related data, business sector, 1947-82

[1977=100; quarterly data seasonally adjusted]

Year orquarter

Output per hourof all persons

Busi-ness

sector

Nonfarmbusiness

sector

Output1

nesssector

Nonfarmbusiness

sector

Hours of allpersons2

Busi-ness

sector

Nonfarmbusiness

sector

Compensation perhour3

nesssector

Nonfarmbusiness

sector

Real compensationper hour4

Busi-ness

sector

Nonfarmbusiness

sector

Unit labor cost

nesssector

Nonfarmbusiness

sector

Implicit pricedeflator*

nesssector

Nonfarmbusiness

sector

1947.19481949

19501951195219531954

19551956.195719581959

19601961196219631964

1965196619671968.1969

19701971197219731974

19751976.197719781979

198019811982

1980:IIIIllIV

1981:

II.'.""IllI V

1982:I

43.746.046.7

50.451.853.555.256.1

58.358.960,462.364.3

65.267.369.972.575.6

78.380.782.585.385.5

86.289.292.494.792.5

94.597.6100.0100.699.6

98.9100.7101.0

99.398.238.999.3

100.7100.7101.0100.2

100.0100.3101.2102,2

49.952.053.1

56.357.258.659.560.4

62.862.964.065.567.7

68.370.372.875.178.1

80.582.584.086.886.5

86.889.793.095.392.9

94.797.8100.0100.699.3

98.599.9100.0

98.797.698.49C.2

100.4100.0100.099.1

99.299.4

100.3

100.9

35.037.236.5

39.842.143.545.444.6

48.149.349.849.052.6

53.554.457.459.963.5

67.871.573.176.879.0

78.480.786.191.8

88.293.8

100.0105.5107.8

106.2108.9106.4

107.9104.7105.3107.0

109.1109.1109.6107.8

106.3106.4106.7

106.0

34.036.035.3

38.641.142.544.343.4

47.048.348.948.051.8

52.553.556.659.162.8

67.271.272.776.678.8

78.080.385.891.789.8

87.893.7

100.0105.7108.0

106.3108.6105.9

107.9104.6105.3107.3

109.2109.0109.1107.1

106.0106.1106.3

105.3

80.280.778.1

78.981.381.482.279.5

82.583.782.578.881.9

82.080.882.182.683.9

86.688.688.690.192.5

91.090.593.296.897.3

93.396.0

100.0104.9108.2

107.4108.2105.3

108.7106.6106.5107.7

108.3108.3108.5107.5

106.3106.1105.4

103.7

68.169.266.6

68.771.972.674.571.9

74.976.876.473.276.5

77.076.177.878.780.5

83.586.386.588.291.1

89.889.592.396.296.7

92.795.8

100.0105.0108.7

108.0108.7105.9

109.3107.2107.0108.2

108.8109.0109.1108.1

106.8106.7106.0

104.3

17.018.418.7

20.022.023.424.925.7

26.428.129.931.232.6

33.935.236.838.240.2

41.744.647.050.754.2

58.262.066.171.378.0

85.592.9

100.0108.6119.1

131.4144.1154.6

126.7130.0133.1136.1

140.0142.5145.6148.2

150.9153.4155.7

158.0

18.520.120.6

21.823.825.126.527.3

28.330.031.732.934.2

35.736.838.339.641.4

42.845.447.951.554.8

58.762.566.771.778.5

86.093.0

100.0108.6118.8

130.9143.6154.0

126.2129.3132.6135.7

139.5142.0145.1147.7

150.4152.7155.1

157.4

46.146.447.6

50.551.353.456.458.0

59.662.664.465.567.7

69.571.373.775.578.4

80.183.385.388.389.6

90.892.895.797.395.9

96.398.9

100.0100.999.4

96.796.097.0

97.096.496.996.2

96.296.495.795.6

96.597.196.8

97.5

50.150.552.5

55.055.457.259.961.6

64.066.868.268.971.1

73.074.676.778.480.9

82.284.786.989.690.6

91.593.596.697.896.4

96.899.0

100.0100.999.2

96.395.796.7

96.696.096.595.9

96.096.095.495.3

96.396.696.4

97.2

38.940.040.1

39.742.543.845.145.9

45.247.749.550.250.7

52.052.352.752.653.1

53.355.356.959.463.4

67.569.571.575.384.4

90.595.1

100.0108.0119.5

132.9143.1153.0

127.6132.3134.7137.0

139.0141.5144.2147.9

150.9152.9153.8

154.5

37.038.638.9

38.841.542.844.445.2

45.047.649.550.250.5

52.252.452.652.753.0

53.255.057.059.363.4

67.669.771.775.384.5

90.895.1

100.0108.0119.6

133.0143.8153.9

127.8132.5134.7136.8

139.0141.9145.1149.0

151.6153.5154.7

155.9

38.140.840.3

41.044.044.544.945.3

46.047.549.249.850.8

51.651.852.653.253.7

54.756.457.960.263.2

66.069.071.375.382.4

90.594.7

100.0107.5117.2

128.3140.4148.2

123.7126.9129.9132.8

136.5138.8141.9144.6

146.0147.5149.1

150.4

36.639.139.4

40.142.843.544.445.0

46.047.649.349.750.9

51.651.952.753.353.9

54.856.358.160.463.3

66.369.371.374.081.6

90.094.6

100.0107.1116.5

128.3140.8149.0

123.6127.2129.9132.7

136.5138.9142.3145.5

146.6148.1149.8

151.7

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

3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes anestimate of wages, salaries, ana supplemental payments for the self-employed.

4 Hourly compensation divided by the consumer price index.8 Current dollar gross domestic product divided by constant dollar gross domestic product.Source: Department of Labor, Bureau of Labor Statistics.

208


TABLE B-41.—Changes in productivity and related data, business sector, 1948-82

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

Year

Output per houro1 all persons

sector

Konfarmbusiness

sector

Output1

sector

Nonfarmlusirtesssector

Hours of all

sector

Nonfarmbusinesssector

Compensation per

sector

Nofifarmbusinesssector

Real compensationper hour*

sector

Nonfarmbusiness

Unit labor cost

Nonfarmbusinesssector

Implicit pricedeflator^

Businesssector

Nonfarmbusiness

sector

19481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982 P

1980:I

in"'."'.'.";;;;iV

1981:itintiv

1982:

IIIllIV

5.31.5

7.92.83.23.21.6

4.01.02.53.13.2

1.53.33.83.74.3

3.53.12.23.3

.2

.83.63.52.6

- 2 . 4

2.23.32.4

.6- . 9

- . 71.8.4

.6-4.3

2.62.0

5.6.0

1.1-2.9

-1.01.43.64.1

4.32.0

6.01.72.31.71.4

3.9.3

1.72.43.4

.82.93.63.23.9

3.12.51.93.3

- . 3

.33.33.72.4

- 2 . 5

2.03.22.2

.6- 1 . 3

- . 91.4.2

- . 4- 4 . 6

3.43.1

4.9- 1 . 3

- . 3- 3 . 5

.6

.83.42.7

6.1- 1 . 9

9.15.83.34.3

- 1 . 8

7.92.61.0

- 1 . 67.3

1.61.75.54.36.0

6.85.52.25.12.9

- . 83.06.66.6

- 2 . 0

- 2 . 06.46.65.52.3

- 1 . 52.5

- 2 . 3

-11 .42.16.8

7.9- . 11.9

- 6 . 4

- 5 . 5.6

1.1- 2 . 5

6.0- 1 . 9

9.46.53.44.2

- 2 . 0

8.22.81.2

- 1 . 97.9

1.51.85.84.46.4

6.95.92.15.32.9

- 1 . 02.96.96.8

- 2 . 1

- 2 . 26.76.75.72.2

- 1 . 52.2

- 2 . 5

- . 2-11 .6

2.77.8

7.2- . 8

.3- 7 . 1

- 4 . 2.6.7

- 3 . 8

0.7- 3 . 3

1.12.9

.11.0

- 3 . 3

3.81.5

- 1 . 5- 4 . 5

3.9

.2- 1 . 5

1.6.6

1.6

3.22.3

.01.72.6

- 1 . 6- . 53.03.9

.4

- 4 . 13.04.14.93.2

- . 7.7

- 2 . 6

- . 4- 7 . 4— 54.7

2.1- . 1

- 3 . 6

- 4 . 5- . 8

- 2 . 4- 6 . 4

1.6- 3 . 8

3.14.61.02.5

- 3 . 4

4.12.5

- . 5- 4 . 2

4.4

.6- 1 . 1

2.21.12.4

3.73.4

.32.03.2

- 1 . 3- . 43.14.3

.5

- 4 . 13.44.45.03.5

- . 7.7

- 2 . 6

.2- 7 . 4

- . 74.6

2.2.5.6

- 3 . 7

- 4 . 7- . 1

- 2 . 7- 6 . 3

8.51.6

7.19.86.46.43.2

2.56.56.54.44.3

4.23.84.63.75.2

3.97.05.37.87.0

7.36.66.58.09.4

9.68.67.78.69.7

10.49.67.3

12.510.710.19.4

11.77.59.07.4

7.36.96.16.0

8.62.9

5.88.85.55.63.2

3.66.05.73.84.0

4.33.24.03.54.5

3.46.05.57.56.5

7.06.66.77.69.4

9.68.17.58.69.3

10.29.77.3

11.910.210.49.8

11.87.19.07.3

7.76.16.66.0

0.72.6

6.01.74.15.72.8

2.84.92.91.63.5

2.62.73.42.53.8

2.24.02.43.51.5

1.32.23.11.6

- 1 . 4

.52.61.2.9

=1.4

- 2 . 8— 71.1

.2

.5- 2 . 6- . 4

3.92.2

-1.43.3

0.83.9

4.8.7

3.24.82.7

3.94.42.21.03.2

2.72.12.82.23.2

1.73.02.63.21.1

1.02.23.31.3

- 1 . 4

.42.21.0.9

- 1 . 7

- 2 . 9- . 71.1

-3.9-2.6

2.5-2.8

.4

.1- 2 . 6- . 5

4.31.4

- . 93.3

3.0.1

- . 86.93.03.11.6

1.45.53.91.31.0

2.7.5.7.0

.33.83.04.46.7

6.42.92.95.3

12,1

7.35.15.18.0

10.7

11.27.76.9

11.815.77.37.2

5.77.57.8

10.6

8.45.52.41.8

4.1.9

- . 26.93.13.91.7

- . 35.73.91.4.6

3.5.3.4.2

.33.53.54.16.8

6.63.22.95.0

12.2

7.54.75.28.0

10.7

11.28.17.1

12.415.56.86.5

6.6

9.311.2

7.15.23.13.2

7.0-1.0

1.67.41.1.9

1.0

1.63.33.51.32.0

1.4.6

1.51.11.0

1.93.02.74.04.9

4.54.43.45.59.5

9.84.75.67.59.0

9.49.55.5

11.210.810.09.3

11.66.69.38.0

3.84.34.43.5

6.8.9

1.76.61.82.01.4

2.23.53.6

.92.3

1.5.6

1.51.21.2

1.62.83.24.04.7

4.84.53.03.8

10.2

10.35.05.77.18.8

10.29.75.9

13.212.28.68.9

12.17.1

10.29.2

3.34.04.95.1

1 Output refers to gross domestic product originating in the sector in 1972 dollars.2 Hours of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarily 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.* Hourly compensation divided by the consumer price index.5 Current dollar gross domestic product divided by constant dollar gross domestic product.

Note.—Data relate to all persons engaged in the sector. Percent changes are based on original data and therefore may differ slightlyfrom percent changes based on indexes in Table B-40.


209


PRODUCTION AND BUSINESS ACTIVITY

TABLE B-42.—Industrial production indexes, major industry divisions, 1929-82

[1967-100; monthly data seasonally adjusted]

Year or month

1967 proportion

192919331939

19401941 ,„„19421943194419451946194719481949

1950195119521953 ,195419551956195719581959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982 *

1981:JanFebMarAprMayJune....

JulyAm; ,Sept"

mZZZZZZZZZZZZZZZZ.NovDec

1982:JanFebMarAprMayJune ..

JulyAugsept : ::.: ::: :::::..OctNov"Dec "

Totalindustrialproduction

100.00

21.613.721.7

25.031.636.344.047.440.735.039.441.138.8

44.948.750.654.851.958.561.161.957.964.8

66 266.772.276.581.789.897.8

100.0106.3111.1

107.8109 6119.7129 8129.3117 8130.5138 2146.1152.5

147.0151.0138.6

1514151.81521151.9152.7152.9

153.9153 61516149.1146.3143.4

140.7142.9141.7140.2139.2138.7

138 8138.4137.3135.8134.8134.7

Total

87.95

22.814.021.5

25.432.437.847.050.942.635.339.440.938.7

45.048.650.655.251.558.260.561.257.064.2

65.465.671.575.881.089.797.9

100.0106.4111.0

106.4108 2118.9129.8129.41163130.3138.4146.8153.6

146.7150.4137.6

1511151.21516152.0152.8152.4

153.2153.21511148.0145.0142.0

138.5140.9140.1138.7137.9137.7

1381138.0137.1135.0134.0133.9

Manufacturing

Dura-ble

51.98

22 59.1

17.7

23 531.439954.259.945.231.637.739.335.7

43.548.951.958751.859.261.161.653.961.9

62 961.868673.178 389.0

N 989100.0106.5110.6

102.3102 4113.71271125.7109 3122.3130 0139.7146.4

136.7140.5124.7

1410140.81421142.5143.5143.2

143 6143 4140 9137.8134.4131.3

127.1129.3128.2126 71261125.5

125 9124.9123.5120.5119.3119.3

Non-durable

35.97

23 219.926.1

27 533.334 637.138.638.539.741.342.742.0

46.748.349.251,251.657.260.161.161.667.7

69.371.575.880.085.290.996.7

100.0106.2111.5

112.31166126.5133.8134.6126.4141.8150.5156.9164.0

161.2164.8156.1

165 6166.2165 3165.9166.4165.8

167.1167 31659162.8160.3157.4

155.1157.8157.3156.1155 0155.3

155 7156.9156.7156.0155.2155.1

Mining

6.36

43.130.642.1

46.849.751.352.556.255.154.261.364.457.1

63.870 069.471269.977.982.082.175.378.7

80.380.883.186.489.993.298.2

100.0104.2108.3

112.2109 8113.1114.7115,3112.8114.2118.2124.0125.5

132.7142.2126.1

140 4143.1143 2135.2135.4141.7

146.5146 01450145.3143.3142.6

144.5142.4138.1134.1128.9123.5

120.1116.9114.7116.4115.9118.0

iitili

ties

5.69

746.7

10.7

11.813.314.916.517.517.818.620.122.423.9

27.231033.736 539.343.948.251.553.959.3

63.467.072.077.083.688.795.5

100.0108.4117.3

124.5130 5139.4145.4143.7146.0151.7156.5161.4166.0

168.3169.1169.0

167 6166.4167 8167.6170,7172.7

173.1171.9167 8168.1168.9168.2

171.8170.4170.0171.0170.9169.4

167 7168.5167.5167.8167.1165.5

Source: Board of Governors of the Federal Reserve System.

210


TABLE B-43-—Industrial production indexes, market groupings, 1947-82

[1967=100; monthly data seasonally adjusted]

Year or month

1967 proportion

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982 P


JulyAugSeptOct '"•NovDec

1982:JanFebMarApr

STayJune .:.::....

JulyAugSept

oc?.:::::::::::::::::::::::Nov.Deep

Totalindustrialproduction

100.00

39.441.138.8

44.948.750.654.851.9

58.561.161.957.964.8

66 266.772 276.581.7

89.897.81000106.3111.1

107 8109.6119.7129 8129.3

117.8130.5138 2146.1152.5

147 0151.0138.6

151.41518152.1151.9152 7152.9

153.9153.6151.6149 1146.3143.4

140 7142 9141.7140.2139.2138.7

138.8138 4137 3135.8134.8134.7

Final products

Total

47.82

38.640.038.8

43.747 250.754151.3

55.458.660.357.663.2

65 365.871475.579.7

87 695.91000106.2109.6

1053106.3115.7124 4125.1

118.2127.6135 9142.2147.2

145 3149.5141.3

147 8148 2149.0149.91513151.4

152.1151.5150.01489147.2146.3

142 81441143.3142.6142.2142.1

142.51412140 0138.6137.7138.1

Consumer goods1

Total

27.68

42.443.743.4

49.649.150.253.252.9

59.061.262.662.168.1

70 772.277181.385.9

92.697.3100.0105.9109.8

109.0114.7124.4131.5128.9

124.0137.1145 3149.1150.8

145 4147.9142.6

146 9147 8148.3148.9150.7150.3

150.7149.6147.8146.5144.0142.0

139.6141.8141.5142.1143.6144.8

145.8144.1143.4142.2141.1141.4

Auto-motiveproducts

2.83

45.347.447.0

59.152347.159 555.4

73.660.663.550.563.3

72 566.180187.791.9

113 3112.81000119.4118.1

98.8124.4141.4153 0132.8

125.8155.7175 6179.9167.7

132 8137.9129.6

130 4133 9139.2142.91518153.1

147.6137.6139.1132 8121.7119.2

109 2117 5125.0129.9138.9143.0

149J135.5135 5124.0121.4129.8

Homegoods

5.06

37.539.136.2

49.943.043.048.644.9

53.055.754.551.459.0

59.461.366.571.878.4

88.997.9100.0106.4113.2

110.2115.6129.5142.5136.8

118.8134.1141.9147.7149.2

138 9142.0129.3

145.6145 2146.1145.0144.8145.0

145.8145.3141.1138.2134.1125.4

126.3130.6129.9131.1129.1129.9

130.413141289128.6126.9125.9

Equipment •

Total

20.14

30.632.228.7

31.143 351.956349.3

50.455.357.551.556.5

58157.363 767.571.4

80 794.0100 0106.5109.3

100194.7103.8114 5120.0

110.2114.6123 0132.8142.2

145 2151.8139.4

1491148 7150.0151.41521153.0

154.1154.0152.91521151.5152.1

147.2147.3145.9143.4140.4138.4

138.0137.3135.2133.5133.0133.6

Busi-ness

12.63

38.039.534.5

37.045.251.253.346.8

50.858.861.151.557.9

59.457.762.765.873.7

84.497.7100.0105.5112.5

107.0104.1118.0134.2142.4

128.2135.4147.8160.3171.3

173 2181.1157.3

177.7177.5179.3181.0182.0183.6

184.8184.4182.7180.5179.0179.0

172.2171.6169.0164.9159.9156.7

154.9153.9150.5146.4144.6144.1

Inter-mediateproducts

12.89

41.944.342.0

48.851350.954 554.3

61.764.464.463.069.5

70 071.475 779.985.2

90.696.2100.0106.3112.9

112.9116.7126.5137.2135.3

123.1137.2145.1154.1160.5

1519154.4143.4

157.5157 7157.1156.3156.1154.9

156.2156.8154.6151.4148.7145.9

143.4146.3145.2143.7142.6141.9

142.8144.7143.7142.4141.9141.0

Materials3

Total

39.29

39.541.237.6

45.049 850.556151.8

61.362.862.856.565.2

66.166.272176.782.9

92.4100.7100.0106.5112.5

109.2111.3122.3133.9132.4

115.5131.71386148.3156.4

147 6151.6133.8

153 8154 3154.4152.9153.4154.0

155.3155.2152.5148.5144.6139.0

137.2140.4138.5136.2134.3133.5

133.0132.8132.0130.3128.9128.4

Dura-ble

goods

20.35

38.339.435.3

44.450 551.660 352.0

63.763 963.853 764.0

64 863.370475181.9

93 8103.3100 0106 2112.1

103 8104.9117 7134 6132.7

109.1128.01361149.0157.8

143 0149.1125.3

1500150 6152.2151.8152.8152.4

153.6154.3150.4145.6141.0134.0

129.7132.4130.7128.1126.6126.6

126.0125.1123.0119.3118.0117.3

Non-durablegoods

10.47

Z'.'Z

45.9

52.554 954.754.462.1

63 265.871375.682.2

90 397.51000108.8115.7

1154120.2132.9142 2142.6

126.6147.8155.6165.6175.9

1715174.6157.3

180.2179.9177.5179.3179.0176.9

176.5175.4175.5170.6164.7158.3

156.8164.2162.0160.3156.6153.5

152.3154.5158.5157.7155.5155.5

1 Also includes clothing and consumer staples, not shown separately.2 Also includes defense and space equipment, not shown separately.3 Also includes energy materials, not shown separately.Source: Board of Governors of the Federal Reserve System.

211


TABLE B-44.—Industrial production indexes, selected manufactures, 1947-82

[1967; -100; monthly data seasonally adjusted]

Year or month

1967 proportion

194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

1970197119721973197419751976197719781979

198019811982 p.1981:

JanFebMarAprMayJuneJulyAugSeptOct.NovDec

1982:JanFebMarAprMayJuneJulyAucSeptOct..;;:::::Nov " ....Dec*

Primarymetals

Total

6.57

63.365.855.469.775 869.278 563.5

82.582.078 562.372.7

72 471.176 382.392.8

1021108.41000104.3113.8

106.6100.2112.1126.7123.196.4

109.7111 1119.9121.3

102.3107.975.8

114.1114 5114.9110.61119107.4109.4113.1108.6102.396.689.6

89.788 583.076.475.272.8

72.972.973 270 067165.9

Ironandsteel

4.21

70.1

93.291.588 266.576.5

11174.277 384.395.9

105 2108.4100 0103.2112.6

104 796.1

1071122.3119.895.8

104.8103 8113.2113.2

92.499.8

108 71084108.0103.4105 698.599.7

105.199.292.287.279.2

79 678 573.065.162.458.0

58.157 456 4541514

Fabri-catedmetalprod-ucts

5.93

49.950.845.8

56.159958.566 059.4

67.868.870 663.371.071169.475477.882.6

90897.2

100 0105.6107.9

102 4103.51121124.7124.2

109.9123.91310141.6148.5

134.1136.4114.8

135 8137 6139.2139.5138 4139.3140.11400136.8133.8130.2126.1

120 71214121.1119.1115.8115.0115 5114 3112 3108 5107 4106.5

Durable manufactures

Non-elec-trical

machin-ery

9.15

39.039.233.4

37.547 751.954 046.1

50.658.057 948.656.7

56955.462166.375.6

85 098.8

100 0101.8109.3

104 4100.2116 0133.7140.1

125.1134.51436153.6163.7162.8171.2148.6

167 3168 3169.2169.71721174.1176.71764173.9169.7167.9167.4

160 9160 0157.3153.7150.0147.4

1471147 2144 9140 5138 0135.8

Electri-cal

machin-ery

8.05

22.223.021.6

29.629.834.039.034.7

39.943.142.839.247.6

51.654.862.964.768.4

81.797.9

100.0105.5111.9

108.1107.7122.2143.1143.8116.5134.8145 4159.4175.0172.8178.4169.2

177.6174 9177.4178.8179.9180.1

180.9182.6180.0179.6175.7170.7

168.2172 9172.6172.2170.9170.8

170.3169.7167.0165.7164 9164.5

Transportationequipment

Total

9.27

31.834.834.9

41.846.654.268.059.2

68.066.070.755.863.2

65.461.571.178.080.0

95.1102.0100.0111.1108.4

89.597.9

108.2118.3108.7

97.4111.1122 2132.5135.4

116.9116.1104.9

117.41161119.5121.3123.7123.4119.8115.4114.2110.6106.1103.7

96 6102 0104.4105.9110.0111.6112.7107 0105.3100 8100 0103.7

MotorV earfd e S

parts

4.50

60.581.265.869.051.066.274.765.579.888.390.7

115.9113.9100.0120.3116.592.3

118.6135.8148.8128.2111.1142.01611169.9159.9

119.0122.3109.8

120.0119 9127.1130.7136 4137.5

130.5123.1120.4113.8105.5100.4

90 498 6

105.6110.7119.8124.0

127.2116.7113.5103 01017108.8

Lumberand

prod-ucts

1.64

58.961.354.1

65.765.564.768.468.0

75.975.068869.979.3

74778.282.586.392.7

96.3100.0100.0105.5107.9

105.6113.8120.8126.0116.2

107.6123.2131.2136.3136.9

119.3119.1

127.4126 2125.6126.3126 2122.5

122.9119.1113.2109.6104.7104.8

99 2104 9103.5106.2110.6112.2

116.9120 31199117 2119 4

Nondurable manufactures

Apparelprod-ucts

3.31

57.860.359.7

64.363.166.367.266.4

73.375.074.972.880.1

81.782.285.589.192.2

97.499.9

100.0102.9106.7

101.4104.7109.4117.3114.3

107.6125.7134.2134.2134.4127.0120.4

123.81216120.2121.6122 6121.1122.6122.6122.5117.8113.8114.1

Printingand

publish-ing

4.72

43.345.446.648.949.749.752.054.1

59.563.265 463.968.2

71.071.373.977.882.687.994.6

100.0103.2107.4107.0107.1112.7118.2118.2

113.3122.5127 6131.5136.9

139.6144.2144.3

143.9144 8142.7141.61413143.1144.4146.1145.9145.6143.4145.3

145 6146 4145.9144.2143.8142.6143 9145 3144 3142 61426144 0

Chem-icalsand

prod-ucts

7.74

19.721.321.0

26.229 731.133.634,1

39.842.745246.654.3

56.459.265.771.878.8

87 895.7

1000109.5118.4

120.4125.9143.6154.5159.4

147.2170.9185 7197.4211.8207.1215.6

2189219 8218.5219.8220 6218.4

221.5219.2216.3208.8204.6199.8

196 72013200.3198.6193.6193.2

1941195 6196 4193 7192 8

Foods

8.75

55.855.255.957.959 060.261462.7

66.370.171172.976.5

78.680.983486.490.4

92496.0

1000102.6106.1

108.9112.8116,8120.9124.0

123.4133.0138 8142,7147.5

149.6152.1

1519152 5152.4151.9152 2151.3151.6151.9150.7151.4153.0152.8

15111517150.8149.7150.5151.0

1510150 7149 0150 6

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


TABLE B-45.—Capacity utilization rate in manufacturing, 1948-82

[Percent; quarterly data seasonally adjusted]

Year or quarter

19481949

1950..1951195219531954 ..

195519561957. ..19581959

I9601961 . .19621963 .1964

1965196619671968.. . .1969

1970 .. ..1971197219731974

197519761977 ..19781979

198019811982"

1978:jIIIIIIV

1979:

||IIIIV

1980:

11HIIV . .

1981:I

HI ...IV ..

1982:

IIIII ..IV p

FRB series >

Totalmanufac-

turing

82.574.2

82.885 885.489280.3

87.186.483 775.281.9

80.277 481.683.585.6

89.691.186.987.186.2

79.378.483.587.683.8

72.979.581984.485.7

79.178.569.8

82.083 985 286.4

86.985985 384.4

83.477.975.979.1

79.979.879.374.8

71.670.369.767.6

Primaryprocess-

ing

87.276.2

88.590 284.989 480.6

92.189.784 775.483.4

79.877 981.683.887.8

91.191.485.787.788.5

82 982.388.292.587.8

73.781.984 086.988.1

78.578.466.4

84.086 387 989.5

89.088 288 386.9

85.576.473.179.3

81.380.379.472.7

69.166.366.164.3

Advancedprocess-

ing

80 073.3

79 883 485 989 380.1

84.384.583175.181.1

80.411181783.484.6

88.991.287.686 885.0

77 476.381.085.081.5

72.578.280883.084.3

79.478.571.6

80.982 783 784.6

85.784783 783.0

82.578.777.478 8

79.179.679.275.9

73.272.571.669.2

Commerce series2

Totalmanufac-

turing

8686848585

8180838683

7781838483

7876

84848384

84838281

80767678

78787672

727169

Durablegoods

8887838484

7878828582

7681848483

7775

84858385

85848280

80747578

77777470

706865

Non-durablegoods

8586858686

8383858684

7982828382

7978

83828283

83828282

81787878

79807875

757674

Primary-processed

goods

8988878687

8382858985

7682838484

7776

83848485

85848383

81757478

78787671

706666

Advanced-processed

goods

8585838484

7980828482

77818384827876

84848284

84838180

80767778

78787673

737471

1 For description of the series, see "Federal Reserve Measures of Capacity and Capacity Utilization," February 1978.2 Quarterly data are for last month in quarter. Annual data are averages of the four indexes, except for 1965 (December index) and1966-67 (averages of June and December indexes). For description of the series, see "Survey of Current Business," July 1974.

Sources: Board of Governors of the Federal Reserve System and Department of Commerce (Bureau of Economic Analysis).


TABLE B-46.—Neiv construction activity, 1929-82

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

Year or month

1929

1933

1939

19401941194219431944

19451946

New series

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981

Totalnew

construc-tion

10.8

2.9

8.2

8.712 014.1835.3

5.814.3

20.026126.7

33.635.436.839141.4

46.547.649150,055.4

54.756 460.264 868.0

74 176.878.587 594.3

95.2110.3124.4138 4139.2

135 9151.1173.8205.6230.4

230.7238.2

Private construction

Total

8.3

1.2

4.4

5.16.23.42.02.2

3.412.1

16.721420.5

26.726.226.027 929.7

34.834.935134.639.3

38.939.342.345.547.7

52.052.852.959 966.3

67.180.494.2

105 9100.9

951112.0135.7159.7181.6

175.7185.2

Residentialbuildings'

Total2

3.6

.5

2.7

3.0351.7

9.8

1.36.2

9.913112.4

18.115.915.816 618.2

21.920.219 019.824.3

23.023125.227 928.0

27 925.725.630633.2

31.943.354.359 750.4

46 560.581.093.499.0

87.386.6

housingunits

3.0

.3

2.3

2.63.01.4,7.6

.74.8

7.810.510.0

15.613.212.913.414.9

18.216.114.715.419.2

17.317.119.421.721.8

21.719.419.024 025.9

24.335.144.950 140.6

34 447.365.775.878.6

63.162.7

Nonresidential buildings and otherconstruction1

Total

4.7

.8

1.7

2.12.71.71.11.4

2.15.8

6.9828.0

8.610.310.211311.5

12.914.716114.815.1

15.916 217.217 619.7

24 127.127.329 333.1

35.337.240.046 250.5

48 651.454.766.282.6

88.498.7

Com-mercial 3

1.1

.1

.3

.3

.4

.2

.0

.1

.21.2

1.0141.2

1.41.51.1182.2

3.23.6363.63.9

4.2475.15.05.4

789.4

9.811.613.515 515.9

12 812.814.818.624.9

29.934.2

Indus-trial

0.9

.2

.3

.4

.8

.32

.2

.61.7

1.7141.0

1.12.12.3222.0

2.43.1362.42.1

2.9282.82S3.6

606.8

6.55.44.7627.9

807.27.7

11.015.0

13.817.0

Other*

2.6

.5

1.2

1.31.51.2.9

1.1

1.33.0

4.2555.9

6.16.76.8737.2

7.38.0908.89.0

8.98.79.29.7

10.7

15 516.9

19.020.121.824 526.7

27 831.532.236.742.7

44.747.4

Public construction

Total

2.5

1.6

3.8

3.65.8

10.76.33.1

2.42.2

3.3476.3

6.99.3

10.811211.7

11.712.714115.516.1

15.917117.919.420.4

22124.025.527 628.0

28.129.930.232 538.3

40 939.138.245.948.8

55.153.0

Federal

0.2

.5

.8

1.2389.3562.5

1.7.9

8121.5

1.63.042413.4

2.82.7303.43.7

3.6393.9403.9

404.035343.3

3.34.04.4495.3

637.07.38.48.6

19.710.0

State andlocal5

2.3

1.1

3.1

2.42.01.3.7.6

.71.4

2.5354.8

5.26.36.6718.3

8.910.011.112.112.3

12.213.314.015.416.5

18 020.022.124 224.6

24.825.925.827 633.0

34 632.130.937.540.2

45.442.9


214


TABLE B-46.—New construction activity, 1929-82—Continued

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

Year or monthTotalnew

construc-tion

Private construction

Total

Residentialbuildings1

Total2New

housingunits

Nonresidential buildings and otherconstruction >

Total Com-mercial3

Indus-trial Other*

Public construction

Total Federal State andlocal6

1981:JanFeb....Mar....Apr....May....June...

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

1982:JanFeb....Mar...,Apr...May...June...July...,Aug...Sept..,OctNov.

255.4250.7249.4247.6240.9237.5

238.1235.9233.5230.8230.0228.8

225.1222.6224.6226.1228.7231.6

227.6228.1228.1229.1237.2

193.7191.7190.6192.1189.3185.9

186.9185.2182.4180.0178.1176.6

175.5173.0173.6175.1179.9182.7

178.7176.6177.0177.7184.4

99.596.995.895.192.389.1

87.084.180.478.276.275.8

73.769.270.072.375.575.3

73.472.171.574.178.4

73.972.472.172.269.566.8

64.160.857.153.450.449.4

51.049.251.049.651.049.8

51.552.353.152.354.2

94.294.894.897.097.096.8

99.9101.1102.0101.8102.0100.7

101.8103.9103.6102.8104.5107.4

105.3104.5105.6103.6106.0

32.833.033.634.333.533.6

34.234.334.934.635.736.4

36.236.838.438.436.838.0

37.536.137.135.737.1

15.814.915.316.415.916.7

17.818.718.518.518.416.6

17.117.216.615.917.118.4

16.416.716.617.117.2

45.546.945.946.447.646.5

47.948.248.648.647.947.7

48.549.848.648.550.650.9

51.451.751.850.951.7

61.759.058.955.451.751.7

51.250.751.150.851.952.2

49.649.651.051.048.848.9

48.951.451.151.352.8

10.710.99.8

10.310.110.1

10.19.2

10.19.89.69.8

9.29.6

10.09.89.69.5

9.910.210.510.410.6

51.048.149,145.141.541.6

41.041.441.041.042.342.4

40.440.041.041.139.239.4

39.041.240.640.942.2

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

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

other private.6 Includes Federal grants-in-aid for State and local projects.Source: Department of Commerce, Bureau of the Census.


TABLE B-47.—New bousing units started and authorized, 1959-82

[Thousands of units]

Year or month

New housing units started

Private and public1

Total(farm andnonfarm)

Nonfarm

Private (farm and nonfarm)»

TotalType of structure

1 unit 2 to 4units

5 unitsor more

New private housing units authorized2

Total

Type of structure

1 unit 2 to 4units

5 unitsor more

1959

196019611962..,.1963..,.1964....

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

1970....1971....197219731974

1975....197619771978....1979

19801981....1982"..




JulyAugSeptOctNovDec P.....

1,553.7

1,296.11,365.01,492.51,634.91,561.0

1,509.71,195.81,321.91,545.41,499.5

1,469.02,084.52,378.52,057.51,352.5

1,171.41,547.62,001.72,036.11,760.0

1,312.61,100.31,070.4

85,272.5

108.9124.0110.6107.0

101.087.390.988.264.959.7

47.652.078.785.199.291.8

107.297.2

108.3111.7111.981.7

1,531.3

1,274.01,336.81,468.71,614.81,534.0

1,487.51,172.81,298.81,521.41,482.3

1,517.0

1,252.21,313.01,462.91,603.21,528.8

1,472.81,164.91,291.61,507.61,466.8

1,433.62,052.22,356.62,045.31,337.7

1,160.41,537.51,987.12,020.31,745.1

1,292.21,084.21,060.6

1,5851,2941,3181,3011,1721,046

1,040946899854860882

885945931882

1,066908

1,1931,0331,1291,1261,4041,222

1,234.0

994.7974.3991.4

1,012.4970.5

963.7778.6843.9899.4810.6

812.91,151.01,309.21,132.0

892.21,162.41,450.91,433.31,194.1

852.2705.4661.0

283.0

257.4338.7471.5590.8

108.4 450.0

86.661.171.680.985.0

84.8120.3141.3118.368.1

64.085.9

121.7125.0122.0

109.591.180.7

422.5325.1376.1527.3571.2

535.9780.9906.2795.0381.6

204.3289.2414.4462.0429.0

330.5287.7319.0

1,208.3

998.01,064.21,186.61,334.71,285.8

1,239.8971.9

1,141.01,353.41,323.7

1,351.51,924.62,218.91,819.51,074.4

939.21,296.21,690.01,800.51,551.8

1,190.6985.5992.5

938.3

746.1722.8716.2750.2720.1

709.9563.2650.6694.7625.9

646.8906.1

1,033.1882.1643.8

675.5893.6

1,126.11,182.6

981.5

710.4564.3540.0

77.1

64.667.687.1

118.9100.8

84.861.073.084.385.2

88.1132.9148.6117.064.3

63.993.1

121.3130.6125.4

114.5101.888.6

Seasonally adjusted annual rates

192.9

187,4273.8383.3465.6464.9

445.1347.7417.5574.4612.7

616.7885.7

1,037.2820.5366.2

199.8309.5442.7487.3444.8

365.7319.4363.9

974835863868776705

696614623507554550

592568621566631621

628645677701883800

1391141089710589

887662788174

708467648683

1028892647986

472345347336291252

256256214269225258

223293243252349204

463300360361442336

1,2361,1961,1721,1861,178986

941878835738743797

803792851879944929

1,062888

1,0031,1721,1921,291

712699686682659573

543505456400413454

450436460450488516

500497561651729732

139115113123112109

989181857888

6875817610291

8583968696111

385382373381407304

300282298253252255

285281310353354322

477308346435367448

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

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

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

and in 10,000 places prior to 1963.

216


TABLE B-48.—Nonfarm business expenditures for new plant and equipment, 1947-83


Year or quarter

194719481949..

195019511952...19531954

19551956195719581959

I960196119S219631964..

19651966196719681969

19701971197219731974

19751976197719781979

198019811982 31983 3

1981:

||IIIIV

1982:

IIIII

1983:IsII3

Total

218025.4623.54

25.3230.83315933.5833.13

36 5844.7648.1242.1744.78

48 6347.82512853.2561.66

70 4382.2283 4288.4599.52

105 61108.53120 25137.70156.98

157.7117145198.0823124270.46

295.63321.49319.99315.69

312 24316 73328 25327.83

327 72323.22315.79315.21

31640320.00

Plant

8.4510.3510.20

10.9413.0813.1413.8214.09

15 9719.3420.9419.4119.89

20.9421.1222.1222.2324.96

27 2432.2132 2235.5140.54

44 2446.6049 3556.6664.29

65.21712080.3192 70105.73

117.55133.46

128.5713105136 40136.67

139 49137.95135.14

Pnuintquip-ment

133515.1113.34

14 3717.74184519.7619.03

20 6025.4227.1922.7624.89

27 7026.70291631.0336.70

431950.01512052.9458.99

6136619370 8981.0492.69

92 50100 25117.77138 54164.73

178.08188 04

183 67185 6819185191.17

188 23185.28180.65

Plant and equipment

Manufacturing

Total

8.739.257.32

7.7311.0712.1212.4312.00

12 5016.3317.5012.9813.76

16.3615.5316.0317.2721.23

254131.3732 2532.3436.27

36 9933.6035 4242.3753.21

54.9259 9569.2279 7298.68

115.81126.79122.67119.52

124 50125 4913011126.91

12832123.77119.46120.50

12143123.42

Dura-ble

goods

3393.542.67

3 225.125 755.715.49

5 878.198.596.216.72

8 287.437 818.6410.98

13 4917.2317 8317.9319.97

19 8016 7818 2222.7527.44

26 3328 4734.04404351.07

58.91618457.9557.35

6124631062 5860.78

60 8459.0357.1455.80

57 9058.30

Non-durablegoods

5345.714.64

4.515.956376.726.51

6 628.158.916.777.04

8.088.108.228.6310.25

119214.1514 4214.4016.31

171916.8217 2019.6225.76

28.59314735.1839 2947.61

56.9064.9564.7262.18

63 2762 4067 5366.14

67 4864.7462.3264.70

63 5465.12

Total

13.0716.2116.22

17.5919.7619.4721.1621.13

24.0828.4330.6229.1931.02

32.2832.2935.2535.9940.43

45.0250.8451.1856.1163.25

68 6274.9384 8295.33103.78

102.79111.50128.87151.52171.77

179.81194.70197.32196.16

187.74191.24198.13200.92

199.40199.46196.33194.71

194.97196.58

Min-ing

0 69.93.88

841.111211.251.29

1311.641.691.431.35

1.291.261411.261.33

1361.421381.441.77

2 022.672 883.314.62

6.107449.24102111.38

13.5116.8616.0516.45

16 20168017 5516.81

17.6016.5614.6315.56

16.1817.33

Nonmanufacturing

Transpor-tation

2 212.662.30

2 383.052 992.972.42

2 603.073.352.343.17

3.192.823.263.364.46

5 466.436346.797.04

6955.936 727.418.23

8.688.899.4010.6812.35

12.0912.0511.8011.92

11.7411.7011.6113.12

11.9912.3211.2811.82

10.6311.66

Publicutili-ties

1.642.673.28

3.423.753.964.614.23

4 264.785.955.745.46

5.405.205.125.335.80

6.497.829.3310.5211.70

13.0314.7016.2617.9719.83

19.9822.3726.7929.9533.96

35.4438.4041.6239.98

36.0537.8439.5539.74

40.1241.4043.3841.66

40.7640.30

Tradeandserv-ices1

6136.927.13

8 378.838058.949.59

114913.6413.6814.1115.40

161516.53182718.5720.38

221324.6923 0225.3128.31

29 7734.20400045.5347.79

46.2349.3056.5468.6679.26

81.7986.3386.4286.86

83.4385.8887.5588.33

87.8088.8587.3182.01

85.8785.87

Com-munication

andother2

2 403.042.63

2 583.033 253.383.60

4 425 305.965.585.63

6 256.487197.478.46

9 5810.49111112.0614.43

16 8517.43189621.1223.30

21.8023.5126.9032.0234.83

36.9941.0641.4340.96

40.3239.0241.8942.92

41.8940.3339.7343.65

41.5341.43

1 Wholesale and retail trade; finance, insurance, and real estate; and personal, business, and professional services.2 "Other" consists of construction; social services and membership organizations; and forestry, fisheries, and agricultural services.3 Planned capital expenditures reported by business in late October-December 1982, corrected for biases.Source: Department of Commerce, Bureau of Economic Analysis.

217


TABLE B-49.—Sales and inventories in manufacturing and trade 1947-82

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

Year or month

Total manufacturing andtrade

Sales1 Inven-tories* Ratio3

Manufacturing

Sales1 Inven-tories2 Ratio3

Merchant wholesalers

Sales1 Inven-tories2 Ratio3

Retail trade

Sales1 Inven-tories2

1947...1948...1949...

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

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

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

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

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

19751976197719781979

19801981

1981:Jan..Feb..Mar..

ftay...June....

JulyAugSeptOcfNovDec

1982:JanFebMar....

June...

July..Aug..

SfcNov...

35,26033,788

38,59643,35644,84047,98746,443

51,69454,06355,87954,20159,729

60,82761,15965,66268,99573,682

80,28387,18790,34898,104

105,003

107,448116,017130,030153,412177,625

182,230204,277229,623259,046294,573

321,504350,622

347,858348,653350,281352,855353,698356,524

355,236354,520353,725346,605344,943341,330

334,579340,571342,121339,835349,096346,126

344,603339,464339,470332,537335,938

52,50749,497

59,82270,24272,37776,12273,175

79,51687,30489,05287,09392,129

94,71395,594101,063105,480111,503

120,907136,790144,796155,697169,343

177,556187,766201,950233,237285,807

288,375318,544351,176397,090444,132

482,570519,394

485,396490,291492,399494,177497,812501,531

504,744510,099515,349518,241521,574519,394

516,256513,906513,054515,074510,517512,981

513,387514,554515,399514,224508,553

1.421.53

1.361.551.581.581.60

1.471.551.591.601.50

1.561.541.501.491.47

1.451.471.561.541.55

1.621.581.491.411.45

1.571.481.461.441.43

1.451.43

1.401.411.411.401.411.41

1.421.441.461.501.511.52

1.541.511.501.521.461.48

1.491.521.521.551.51

15,51317,31616,126

18,63421,71422,52924,84323,355

26,48027,74028,73627,24730,286

30,87930,92333,35735,05837,331

40,99544,87046,48750,22853,501

52,80555,90663,02372,93784,794

86,59598,802113,201126,953143,935

154,249166,217

163,902164,676165,936167,649168,073170,951

170,333169,274168,156163,957161,442159,614

155,023158,142157,517156,114160,828161,519

161,382158,619159,278152,473152,343

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,24152,945

53,78054,88558,18660,04663,409

68,18577,95284,66490,61898,202

101,651102,658108,238124,628157,792

159,934175,193189,334210,679241,034

264,016283,152

266,798269,146271,062272,060274,196274,616

276,983279,102282,209284,386285,784283,152

281,155281,688280,065278,985276,449275,115

274,914274,302272,474271,710269,297

1.581.571.75

1.481.661.781.761.81

1.621.731.801.841.70

1.751.741.701.691.64

1.601.621.761.741.77

1.901.831.671.581.65

1.841.691.611.571.57

1.661.66

1.631.631.631.621.631.61

1.631.651.681.731.771.77

1.811.781.781.791.721.70

1.701.731.711.781.77

6,514

7,6958,5978,7829,0528,993

9,89310,51310,47510,25711,491

11,65611,98812,67413,38214,529

15,61116,98719,44820,84622,609

23,94326,25729,58438,01447,748

46,62350,69455,98765,03676,109

87,93197,839

99,85298,77698,21798,94499,26498,274

97,61197,28597,74696,23596,76895,144

94,23695,01097,36195,42797,42796,565

93,77692,34390,86689,77490,982

7,9577,706

9,2849,88610,21010,68610,637

11,67813,26012,73012,73913,879

14,12014,48814,93616,04817,000

18,31720,76524,83326,13428,624

32,03835,04538,63345,37256,948

56,69764,07872,31183,89193,870

104,441110,549

104,233105,027105,189105,149105,425106,904

105,768107,656108,764108,491110,173110,549

110,971108,823109,657112,913111,701113,515

113,534113,101113,852113,886112,669

1.131.19

1.071.161.121.171.18

1.131.191.231.241.15

1.221.201.161.151.14

1.151.151.241.231.22

1.271.271.241.111.07

1.211.191.211.211.18

1.131.09

1.041.061.071.061.061.09

1.081.111.111.131.141.16

1.181.151.131.181.151.18

1.211.221.251.271.24

10,20011,13511,149

12,26813,04613,52914,09114,095

15,32115,81116,66716,69617,951

18,29418,24919,63020,55621,823

23,67725,33024,41327,03028,893

30,70033,85337,42242,46245,082

49,01254,78160,43567,05774,529

79,32586,566

84,10485,20186,12886,26386,36187,299

87,29287,96187,82386,41386,73386,572

85,32087,41887,24288,29490,84188,042

89,44588,50289,32690,29092,613

14,24116,00715,470

19,46021,05021,03121,48820,926

22,76923,40224,45124,11325,305

26,81326,22127,94129,38631,094

34,40538,07335,29938,94542,517

43,86750,06355,07963,23771,067

71,74479,27389,530

102,520109,228

114,114125,693

114,365116,118116,148116,968118,191120,010

121,993123,341124,376125,364125,618125,693

124,131123,395123,332123,175122,367124,351

124,939127,151129,073128,628126,587

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

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

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

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

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


TABLE B-50.—Manufacturers' shipments and inventories, 1947-82

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

Shipments1

Total

Dura-ble

goodsindus-tries

Non-durable

indus-tries

Inventories2

Total

Durable goods industries

TotalMate-

rials andsupplies

Workin

proc-Finishedgoods

Nondurable goods industries

TotalMate-

rials andsupplies

Workin

proc-ess

Finishedgoods

194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

1970197119721.9731974

19751976197719781979

19801981

1981:JanFebMar

May!'"!June....

JulyAugSept....OctNovDec

1982:JanFebMar

May!!"!June....

JulyAugSept...,OctNov...

15,51317,31616,126

18,63421,71422,52924,84323,355

26,48027,74028,73627,24730,286

30,87930,92333,35735,05837,331

40,99544,87046,48750,22853,501

52,80555,90663,02372,93784,794

86,59598,802113,201126,953143,935

154,249166,217

163,902164,676165,936167,649168,073170,951

170,333169,274168,156163,957161,442159,614

155,023158,142157,517156,114160,828161,519

161,382158,619159,278152,473152,343

6,6947,5797,191

8,84510,49311,31313,34911,828

14,07114,71515,23713,56315,609

15,88315,61617,26218,28019,637

22,22124,64925,26727,65929,437

28,18829,95434,02439,68644,228

43,65650,68959,26767,84876,060

77,54083,417

81,43682,17683,51084,78485,43986,891

85,73985,22384,67181,26580,27979,133

75,55177,97678,12477,13679,51878,888

79,03677,24876,56272,34272,708

8,8199,7388,935

9,78911,22111,21611,49411,527

12,40913,02513,49913,68414,677

14,99615,30716,09516,77817,694

18,77420,22021,22022,57024,064

24,61725,95229,00033,25040,567

42,93948,11353,93459,10467,875

76,70882,800

82,46682,50082,42682,86482,63484,060

84,59484,05183,48582,69281,16380,481

79,47280,16779,39478,97881,31082,631

82,34681,37182,71680,13179,635

25,89728,54326,321

31,07839,30641,13643,94841,612

45,06950,64251,87150,24152,945

53,78054,88558,18660,04663,409

68,18577,95284,66490,61898,202

101,651102,658108,238124,628157,792

159,934175,193189,334210,679241,034

264,016283,152

266,798269,146271,062272,060274,196274,616

276,983279,102282,209284,386285,784283,152

281,155281,688280,065278,985276,449275,115

274,914274,302272,474271,710269,297

13,06114,66213,060

15,53920,99123,73125,87823,710

26,40530,44731,72830,25832,077

32,37132,54434,63235,86638,506

42,25749,92055,00558,87564,739

66,78066,28970,25081,398101,739

102,874112,581121,737138,045160,601

174,674188,429

176,632177,725178,374179,301180,010181,125

183,229185,022187,686189,461190,222188,429

187,054187,121186,063185,916184,870184,289

183,798183,550182,793181,843179,324

8,9667,894

9,19410,41710,60810,03210,776

10,35310,27910,81011,06811,970

13,32515,48916,45517,37618,693

19,18219,75920,86026,02835,151

33,92037,54840,35045,33452,805

55,31058,461

56,40956,75456,38256,75756,39457,017

58,01658,12158,90859,11759,21658,461

58,18457,99956,89756,94755,99655,643

55,78155,19154,70354,27953,624

10,7209,721

10,75612,31712,83712,38713,063

12,77213,20314,15914,87116,191

18,07521,93925,00527,33630,408

29,84828,65030,78835,54542,603

43,36946,34550,62558,69469,212

76,85182,814

78,33778,66279,15979,73380,43580,362

81,04181,63582,62183,58884,05882,814

82,21182,09781,72981,56281,28481,304

80,21680,45880,37980,56779,995

6,2066,040

6,3487,5658,1257,8398,239

9,2459,0639,6629,925

10,344

10,85412,49113,54714,16315,639

17,75117,88018,60119,82323,985

25,58628,69030,76334,01838,585

42,51347,153

41,88742,30942,83542,81243,18043,744

44,17245,26646,15846,75646,94647,153

46,65947,02647,43547,40847,59047,342

47,80147,90147,71146,99745,705

12,83613,88113,261

15,53918,31517,40518,07017,902

18,66420,19520,14319,98320,868

21,40922,34123,55424,18024,903

25,92828,03229,65931,74333,463

34,87136,36837,98843,23056,053

57,06062,61267,59872,63480,433

89,34194,723

90,16691,42192,68892,75994,18693,492

93,75494,08094,52394,92595,56194,723

94,10094,56794,00293,07091,57990,826

91,11690,75289,68189,86789,973

8,3178,167

8,5568,9718,7758,6629,080

9,0829,4939,8139,978

10,131

10,44811,15511,71512,28912,724

13,15013,68314,67618,13223,699

23,54225,83327,39729,35432,479

36,20838,015

36,82037,05036,97437,20637,30537,074

37,53137,44737,60637,72037,83438,015

37,96137,89937,31737,48637,17236,714

36,78936,44835,80035,63735,814

2,4722,440

2,5712,7212,8642,8282,944

2,9463,1103,2963,4063,511

3,8064,2044,4214,8485,122

5,2745,6655,9826,7078,175

8,8379,933

10,98911,91313,710

15,65616,196

15,81816,12616,19416,26316,50916,161

16,17416,25116,21315,91216,17416,196

15,95915,79215,62915,60115,43815,555

15,51915,52915,19214,85714,793

7,4097,415

7,6668,6228,6248,4918,845

9,3809,738

10,44410,79611,261

11,67412,67313,52314,60615,617

16,44817,01917,33018,39124,179

24,68126,84629,21231,36734,244

37,47840,511

37,52838,24539,52139,29040,37240,257

40,04840,38240,70541,29341,55540,511

40,17940,87741,05739,98338,96938,557

38,80838,77538,68939,37339,366

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


TABLE B-51.—Manufacturers' new and unfilled orders, 1947-82

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

Year or month

New orders1

Total

Durable goodsindustries

Total

Capitalgoodsindus-tries,non-

defense

Non-durablegoods

industries

Unfilled orders'

TotalDurablegoods

industries

Non-durablegoods

industries

Unfitted orders—shipmentsratio3

TotalDurablegoods

industries

194719481949195019511952195319541955195619571958195919601961196219631964

196519661967196819691970197119721973197419751976197719781979

198019811981:

Jan....Feb....Mar...

May...June..


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

fcJune..July...Aug...Sept..Oct....N o v .

15,25617,69315,61420,11023,90723,20423,58622,33527,46528,36827,55927,00230,72430,23531,10433,43635,52438,357

42,10046,40247,05650,68753,95052,03855,98364,16776,25987,26885,14999,543

115,027131,664147,354

155,738166,015

164,976165,375166,240169,422170,281171,022

172,089168,797167,728159,558159,460156,660

154,519155,984157,198154,995156,791157,058

158,588154,380156,166149,696150,362

6,3888,1266,633

10,16512,84112,06112,14710,768

14,99615,36514,11113,29016,00315,30315,75917,37418,70920,652

23,27826,17725,82528,11629,87127,38829,99835,06442,93046,85342,01951,39861,07672,41079,394

79,06083,272

82,52882,69983,86286,41087,39686,911

87,58284,81984,45677,19378,59276,421

75,06176,30977,85976,19475,71074,550

76,44672,98273,266

70,607

6,9037,6606,7387,4448,62210,97112,673

11,01112,79915,27619,44423,203

23,44924,061

25,06321,85724,45625,68724,48824,039

24,65524,86724,31222,52824,36922,130

21,71721,56022,17422,60820,33219,278

20,32218,89320,27320,18320,173

8,8689,5668,9819,94511,06611,14311,43911,56612,46913,00313,44813,71214,72014,93215,34516,06116,81517,705

18,82320,22521,23122,57124,079

24,65025,98629,10433,33040,41543,13048,14553,95159,25467,960

76,67882,743

82,44782,67782,37883,01382,88584,111

84,50783,97983,27282,36580,86880,239

79,45879,67679,33978,80381,08182,508

82,14281,39882,90080,09879,755

34,47330,73624,04541,45667,26675,85761,17848,26660,00467,37553,18347,37052,732

45,08047,40748,57754,32766,882

80,07198,401104,547109,926115,422

106,158107,147121,061161,256, 191,102173,829182,499204,880261,941303,178

320,977318,621

322,053322,749323,054324,826327,033327,105

328,861328,384327,955323,556321,574318,621

318,114315,957315,639314,521310,482306,032

303,235299,001295,883293,107291,128

28,57926,61919,62235,43563,39472,68058,63745,250

56,24163,88050,35244,55949,37342,51444,37545,96551,27063,691

76,29894,575100,576105,950111,250101,566102,119114,725153,876185,560165,930174,211196,417251,663291,883

310,051308,370

311,146311,666312,018313,642315,597315,618

317,462317,057316,841312,769311,082308,370

307,877306,211305,947305,004301,194296,866

294,272290,011286,706283,960281,861

5,8944,1174,4236,0213,8723,1772,5413,016

3,7633,4952,8312,8113,359

2,5663,0322,6123,0573,1913,7733,8263,9713,9764,1724,5925,0276,3367,380515427,8988,2888,46310,27811,295

10,92610,251

10,90711,08411,03611,18411,43611,487

11,39911,32711,11410,78710,49210,251

10,2379,7469,6929,5189,2889,166

8,9638,9909,1779,1479,267

3.423.633.873.353.093.012.782.632.692.803.103.333.813.703.853.753.653.383.313.914.19

3.803.343.303.623.89

3.793.77

3.803.773.713.703.703.66

3.683.683.703.763.763.77

3.903.783.763.863.713.69

3.673.693.633.773.72

4.124.274.554.003.693.543.373.133.243.373.723.954.554.404.654.504.394,063.904.635.034.573.993.924.264.63

4.534.59

4.564.534.454.444.434.37

4.424.424.464.554.564.59

4.764.624.614.714.524.51

4.494.554.464.664.61

1 Monthly average for year and total for month.3 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.


PRICES

TABLE B-52.—Consumer price indexes, major expenditure classes, 1929-82

[1967^100]

Year or month

19291933 ..19391940194119421943194419451946194719481949195019511952. .1953195419551956195719581959I96019611962196319641965196619671968... .19691970197119721973.,.197419751976197719781979...198019811982..!1981:

JanFebMar ....AprMayJune 1ZJulvAugilZZSeptOctNov..Dec

1982:JanFebMar

JuneJulyAugSept

NovDec

Allitems

51.338.841.642.044148.851852.753.958.566.972.171.472.177.879.580.180.580.281484.386.687.388.789.690691.792 994.597 2

100.0104.2109.8116.31213125.3133.1147.7161.2170.5181.5195.4217.4246.8272.4289.1

260.5263.2265.1266.8269.0271.3274.4276.5279.3279.9280.7281.5

282.5283.4283.1284.3287.1290.6292.2292.8293.3294.1293.6292.4

Food andbeverages

Total*

100.0103 6108.8114.7118 3123.2139.5158.7172.1177.4188.0206 3228.5248.0267.3278.2

2614263.7265.0265.7265.4266.5268.9270.1270.7270.3269.9270.5

273.6275.8275.6276.5278.1280.2280.8279.9280.1279.6279.1279.1

Food

48.330.634.635.238 445.150349.650.758.170.676.673.574.582.884.383.082.881.682 284.988.587.188.089.189991.292 494.499.1

100.0103.6108.9114.9118.4123.5141.4161.7175.4180.8192.22114234.5254.6274.6285.7

268.6270.8272.2272.9272.5273.6276.2277.4278.0277.6277.1277.8

281.0283.3283.0283.9285.5287.8288.5287.4287.6287.0286.4286.5

Housing

Total2

52.252.453 756.256 858.159.160.665.269.870.972.877.278.780.881.782.383 686.287.788.690.290.991792.793 894.997 2

100.0104.0110.4118.2123 4128.1133.7148.8164.5174.6186.5202 8227.6263.3293.5314.7

279.1280.9282.6284.8288.5292.2297.0299.7303.7303.5304.2305.2

306.1307.3306.7309.4313.8317.5319.2320.1319.7320.7319.0316.3

Rent,resi-

dential

76 054.156.056257 258.558 558.658859.261165.168 070473.276280.383 284.385987.589.190.491.792.994 095.095996.998 2

100.0102 4105.7110.11152119.2124.3130.6137 3144.7153.5164 0176.0191.6208.2224.0

200 9201.9203.0204.2205.9206.8207.8210.3211.9213.6215.0216.5

217.8218.6219.6220.1221.8222.6224.8226.0226.9228.9230.2230.8

Homeowner-ship

75.076.377.078381.783.584.486.386.987 989.090892.796.3

100.0105.7116.0128.5133.7140.1146.7163.2181.7191.7204.9227,2262.4314.0352.7376.8

335.8335.8336.8339.3345.0350.4358.0361.8367.8366.7367.2367.8

367.5368.7365.7370.6377.4382.8384.5385.9383.0382.8379.5372.9

Fuel andother

utilities3

83.083.585.187.389.991.793.895.997.197 398.298.498.398.8

100.0101.3103.6107.6115.0120.1126.9150.2167.8182.7202.2216.0239.3278.6319.2350.8

296.7304.5308.4310.5314.9320.2325.1327.8331.1330.1329.8331.8

336.2337.1339.3339.2345.4352.2354.7356.3359.5363.4362.2364.1

Appareland

upkeep

48 536.942.442 844852.354 658.561567.578.283.380179.086.185.384.684 584.185 887.387.588.289.690.490 991.992 793.7961

100.0105.4111.5116.1119 8122.3126.8136.2142.3147.6154.2159 6166.6178.4186.9191.8

181.1182.0185.1186.4186.4185.8184.7187.4190.7191.5191.3190.5

187.3188.0191.1191.9191.5190.8189.7191.8194.9195.5195.4193.6

Trans-portation

43.042.744 248.147 947.947.850.355.561.866.468.272.577.379.578.377.478.883.386.089.689.690.692.593.094.395.997.2

100.0103.2107.2112.7118.6119.9123.8137.7150.6165.5177.2185.5212.0249.7280.0291.5

264.7270.9273.5275.3277.8279.9282.6283.7285.2287.2289.1289.8

289.9288.0285.1282.9285.6292.8296.1296.2295.3295.5295.8294.8

Medicalcare

36.736.837 038.039 941.142144.448151.152 753 756.359 361.463464.867 269.973.276.479.181.483 585.687 389.593.4

100.0106.1113.4120.6128.4132.5137.7150.5168.6184.7202.4219.4239.7265.9294.5328.7

279.5282.6284.7287.0289.0291.5295.6299.3301.7304.8308.2310.2

313.4316.2318.8321.7323.8326.4330.0333.3336.0338.7342.2344.3

Enter-tainment

100.0105.7111.0116.7122.9126.5130.0139.8152.2159.8167.7176.6188.5205.3221.4235.8

214.4216.7218.2219.2220.3220.8221.1222.3224.0225.5226.8227.3

229.2231.2232.8233.9234.4235.6236,6237.4238.3240.3239.9240.1

Othergoodsand

services

100.0105.2110.4116.8122.4127.5132.5142.0153.9162.7172.2183.3196.7214.5235.7259.9

226.2227.4228.7229.9232.2233.4234.4235.6243.0245.2245.9246.7

248.4250.3252.2253.8255.0255.8257.2258.3266.6271.2273.8276.6

Ener-gy4

90.190.391.894 294 494 795 094696 397.8

100.0101.5104.2107.0111.2114.3123.5159.7176.6189.3207.3220.4275.9361.1410.0416.1

381.7401.1409.3409.8411.3414.0415.7416.1417.1414.9414.1414.6

416.4413.0406.1395.7402.1418.6424.5424.5424.2425.0422.6419.9

1 Includes alcoholic beverages, not shown separately.* Includes other items not shown separately. Series beginning 1967 not comparable with series for earlier years.• Fuel oil, coal, and bottled gas; gas (piped) and electricity; and other utilities and public services.4 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel, motor oi l coolant, etc.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-53.—Consumer price indexes, selected expenditure classes, 1939-82

[1967-100]

Year or month

19391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979

1980198119821981;JanFebMar

t :::JuneJulyAug

S51 :-:::NovDec

1982:JanFebMarApr«&.::JuneJulyAucSeptOctNov.....Dec

Food and beverage

Total1

100.01036108.8114 7118.3123.2139 5158.71721177 4188.0206 3228.52480267.3278.2

261.4263 7265.0265.7265 4266.5268.9270.1270.7270 32699270.5

273.6275.8275.6276.5278.1280.2280.8279.92801279 62791279.1

>

Food

Total

34 635 238445150349650 758170 676 673 574 582 884 383.082 881.682.284.988 587 188.089189.991.292 494 49911000103 6108.9114 9118.4123 51414161.71754180 8192 22114234.5254 6274.6285.7

268.62708272 2272.9272 5273.6276.2277.4278.0277 62771277.8

281.0283.3283.0283 9285.5287.8288.5287.4287 6287 0286 4286.5

Athome

73 579 876777 686387.886.285.884.184.487.291088 889.690 491.092.293 295.5100 3100.0103 2108.2113 7116.4121.61414162.4175.8179 5190.2210 2232.9251.5269.9279.2

265.6267.3268.6268.7267 7268.7271.6272.8273.227212710271.7

275.3278.0277.1277.9279.8282.6282.8280.8280.6279.4278 3277.8

Awayfromhome

68.970.170.872.274.977.279 381.483.285.487.388.990.995.1100.0105.2lll.G119.9126.1131.1141.4159.4174.3186.1200.3218.4242.9267.0291.0306.5

280.9284.7286.1288.2289 3290.6292.4293.7294.82962297 2297.7

299.8301.2302.4303 6304.8305.9307.6308.7309.8310 73114312.6

Homeownersliip

Total

75.076.377.078.381.783.584486.386.987.989.090 892.796 3100.0105.7116.0128.5133.7140.1146 7163.2181.71917204.9227.2262.4314.0352.7376.8

335.8335.8336.8339.3345 0350.4358.0361.8367.8366 7367 2367.8

367.5368.7365.7370.6377.4382.8384.5385.9383.0382.8379.5372.9

Homepur-chase

86.587.187.387.690.091.391391.892.393.294.295 797.098 6100.0102 8109.5118 3124.8130.0132 7142.7160.3168 4179.5196.7223.1254.3267.7281.6

266.2263.0261.1260.7263 0266.6271.4272.6274.5272 5270 2270.5

269.3270.4269.2272.3279.3285.6287.7287.9286.8289.9290.4290.9

Financ-ing,taxes,andinsur-ance

100.01083123.7142 3143.5150.8160 6181.1201.9212 8227.2257.8308.9396.0472.5511.4

435.2437.1441.1447.1458 3467.2480.0488.3501.85018505 6506.3

506.0507.2500.9508.4516.2521.8524.3527.3519.9514.3504.8486.2

Mainte-nanceandrepair

71.272.474.177.280.581.883.284.685.986.587.789.591.395.2100.0106.1115.0124.0133.7140.7151.0171.6187.6199.6214.7233.0256.4285.7314.4334.1

296.8302.8306.1309.3312.9315.5319.3320.5321.6320.8322.8324.1

326.7328.2327.2331.6334.5336.1334.7335.9338.4339.4339.0337.8

Total

83.083.585.187.389.991.793.895.997.197.398.298.498.398.8100.0101.3103.6107.6115.0120.1126.9150.2167.8182.7202,2216.0239.3278.6319.2350.8

296.7304.5308.4310.5314.9320.2325.1327.8331.1330.1329.8331.8

336.2337.1339.3339.2345.4352.2354.7356.3359.5363.4362.2364.1

Fuel and other utilities

Household fuels

Total

100.0101.4103.4107.9115.3120.1128.4160.7183.8202.3228.6247.4286.4349,4407.0446.2

375.4387.4393.7396.5403.3411.7417.2419.5422.4419.0417 6420.0

426.9427.6430.5428.2438.0448.4452.0454.0458.5464.5461.9464.0

Fuel

coal,andbot-tledgas

37.138.240.543.145.247.148.051.358.468.670.372.776.578.081.581.282.385.990.388.789.8

89.291.091.593.292.794.697.0100.0103.1105.6110.1117.5118.5136.0214.6235.3250.8283.4298.3403.1556.0675.9667.9

625.9675.6693.4690.6685.8682.0677.9674.6673.4672.7676.1682.5

686.0683.1664.0641.3644.6656.6659.9659.9662.8677.2691.3688.5

Gas(piped)andelec-tricity

82.982.181.481.080.680.379.677.477.179.181.081.281.582.684.285.387.588.489.392.494.798.699.499.499.499.499.499.6100.0100.9102.8107.3114.7120.5126.4145.8169.6189.0213.4232.6257.8301.8345.9393.8

318.5322 9326.7330.6339.6350.2357.6360.8364.5360.6358.3359.9

367.4368.7375.9377.8389.0398.9402.1404.4409.2413.4407.6410.6

Otherutili-tiesand

publicserv-ices

100.0101.2104.0107.4114.7120.6124.1130.31371145.4152.0158.3159.5165.2181.0200.2

171.9173.6174.0175.1176.2177.1180.61837187.4189.4190.7191.9

192.7193.9195.0197.7198.9200.4201.4202.4203.6204.5205.1206.6


222


TABLE B-53.—Consumer price indexes, selected expenditure classes, 1939-82—Continued

[1967=100]

Year or month

1939194019411942194319441945194619471948 ....19491950195119521953 ...195419551956195719581959196019611962196319641965196619671968 ....196919701971197219731974197519761977 .197819791980198119821981:JanFebMarAormr»jur&iir: ::::::::::::::JulyAusSeptOctNovDec

1982:JanFebMarAprNBWJune

JulyAuo ...

Sept :OctNovDec

Transportation

Total

43.042.744.248.147.947.947.850.355.561.866.468.272.577.379.578.377.478.883.386 089.6

89.690.692.593.094.395.997.2100.0103 2107.2

112 7118.6119.9123.8137.7150.6165.5177 2185.5212.0249 7280 0291.5

264.72709273 5275 3277.8279.9

282.6283 7285 2287 2289.1289.8

289 92880285.1282.9285 6292.8

296.1296.2295.3295 5295 8294.8

Private transportation

Total

44.2

43.645.952.351.451.451.354.361.568.272.3

72.575.880.882.480.378.980.184.787 491.1

90.691.393.093.494.796.397.5100.01030106.5

1111116.6117.5121.5136.6149.8164.61766185.0212.3

249 2277 5287.5

262.9269 4271.7273 4276.0277.9

279.6280 52819283 9285.8286.5

286 6284 5281.3278.8281.5288.9

292.3292.4291.129112914290.4

Newcars

43.2

43.346.6

69.275682.8

83.487.494.995894.390 993.59841015105.9

104.5104 5104.1103.5103.2100999.1100.0102 8104.4

107 6112.01110111.1117 5127.6135 71429153.8166.0

179 3190 2197.6

185 3184 8182 91861190.9192.2

192 519191913192 5195.3197.0

197 4195 5194.4196 0197 5198.1

198.6198 7197 7197 7199 0200.1

Usedcars

89.2*75.971.869.177.480 289.5

83.686994.896.0100.199497.0100.0(3)

103.1

104 3110.2110 5117.6122 6146.4167,9182 8186.5201.02081256 9296.4

234.0234 3235 42391245.2252.9

260 3266 9272 8278 2281.4281.9

280.5279 7280.9285.12914298.2

302.4304.4304.6306 7310 5312.6

Motorfuel ̂

49.0

48.150.553.454.054.253.854.962.270.472.3

71.873.975.880.382.583.686.590.088 889.9

92.591.491.991.891.494 997.0100.01014104.7

105 6106.3107.6118.1159 9170.8177.9188 2196.3265.6

3691410 9389.4

385.2410.8420 7419 3416.5414.4

412.9411.7

2411 1409 9409.5408.4

4061399 2384.1366.9370.6392.4

400.2398.4394.2390.73883381.7

Auto-mobilemainte-nanceandrepair

43.1

43.044.948.849.450.050.452.056.459.661.1

62.367.068.672.374.876.579.582.483 785.5

87.289.390.491.692.894.596.2100.0105 5112.2

120.6129.2135.1142.2156.8176.6189.7203 7220.6242.6

268 3293 6315.8

282.7285.4287.7289 0290.8291.9

293.5295.5298.73013302.8304.1

305.5307 7310.2311.9313.6316.0

318.0319.2320.6321.9322.3323.1

Other

103.41097

119.2128.4129.1127.8132.4141.2163.1177.3184.6198.6

222 62413257.8

232.4234.2234.7236.3238.9241.0

242.9243.0244.2247 5249.5250.6

253.3253 4254.5255.1255.7258.7

260.8260.8260.0261.4260.7259.6

Publictranspor-tation

33.133.133.133.333.433.533.534.436.040.745.248.954.057.561.365.567.470.011176178.3

81.084.687.488.590.191.995.2100.0104.6112.7

128.5137.7143.4144.8148.0158.6174.2182.4187.8200.3

251.6312 0346.0

286.4288.1293.9297.2297.7303.9

323.1326.5329.1330.8333.2333.8

334.9336.8336.7339.3342.1345.6

347.2348.1353.3356.3356.0355.6

Medical car

Total

36.7

36.837.038039.941142.144 448.151152.7

53.756359.361463.464 867.269973 276.4

79.181.483.585.687.389.593.4100.01061113.4

1206128.4132 5137.71505168.6184.7202 4219.4239.7

265 9294 5328.7

279.5282.6284.7287 0289.0291.5

295.6299.3301.7304 8308.2310.2

313.4316 2318.8321.7323.8326.4

330.0333.3336.0338.7342.2344.3

Medicalcarecom-

modities

71.1

70.871.473 073.574 374.876 281.886187.4

88.591091.892693.794 796.799 3102 8104.4

104.5103.3101.7100.8100.5100.2100.5100.0100 2101.3

1036105.4105.6105.9109 6118.8126.01341143.5153.8

1681186 5205.7

176.7179.2180.7182.4184.7186.3

187.7189.4190.8192.1193.1194.9

195.9197.7200.0202.4204.1205.6

206.5208.2209.9211.6212.9213.7

Medi-calcareserv-ices

32.5

32.532.733 735.436 937.940143.546 448.1

49.251755.057 058.760 462.865568772.0

74.977.780.282.684.687.392.0100.0107.3116.0

124 2133.3138.2144.3159.1179.1197.1216 7235.4258.3

287 4318 2356.0

302.1305.2307.5309.8311.7314.4

319.2323.4326.1329.7333.7335.7

339.4342.4345.1348.0350.2353.0

357.3361.0364.0366.9371.0373.4

1 Includes alcoholic beverages, not shown separately.2 Includes direct pricing of diesel fuel and gasohol beginning September 1981.3 Not available.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-54.—Consumer price indexes, commodities, services, and special groups, 1939-82

[1967-100]

Year ormonth

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I96019611962196319641965 ....1966196719681969 „

1970197119721973197419751976197719781979

198019811982


JulyAugSeptOctNov .Dec

1982:JanFebMar

June

JulyAugSeptOct.NovD€C

Allitems

41.6

42044.148851.852 753.958 566.972171.4

72177.879 580180580 281.484 386.687.3

88.789.690.691.792.994.597.2

100 0104.2109.8

116.3121.3125.3133.1147.7161.2170 5181.5195.4217.4

246.8272.4289.1

2605283.2265.1266.8269.0271.3

274.4276.5279.3279 9280.7281.5

282.528342831284.3287.1290.6

292,2292.8293.3294.1293.6292.4

Commodities

Allcom-

modities

40.2

40 643.349.654.054.756.362 475.080478.3

78885.987 086.785985.185.988.690.690.7

91.592.092.893.694.695.798.2

100.0103.7108.4

113.5117.4120.9129.9145.5158.4165.2174.7187.1208.4

233.9253.6263.8

245.4248.3249.8250.8251.9253.2

255.0256.2257.7257.9258.0258.4

258.8259.5258.8258.9261.5265.1

266.5266.4266.6267.5267.8267.7

Food

34.6

35238.445150.349650.758170.676 673.5

74 582.884 383.082881.682.284.988.587.188.089.189.991.292.494.499.1

100.0103.6108.9

114.9118.4123.5141.4161.7175.41808192.2211.4234.5

254.6274.6285.7

268.6270.8272.2272.9272.5273.6

276.2277.4278,0277 6277.1277.8

281.0283 3283 0283.9285.5287.8

288.5287.4287.6287.0286.4286.5

Commodities less food

All

47.7

48 050.456.058.461.664.168476.882.781.5

81.487.588 388.587 586.987.890.591.592.7

93.193.494.194.895.696.297.5

100.0103.7108.1

112.5116.8119.4123.5136.6149.11566165.1174.7195.1

222.0241.2250.9

232.4

238.0239.6241.1

242.6243.8245.5245.9246.2246.5

245.9246 0245.2245.0247.8251,9

253.5253.8253.9255.4256.0255.8

Durable

48.5

48151.458460.365 970.974180.386,287.4

88495.196495.793 391.591.594 495.997.3

96.796.697.697.998.898.498.5

100 0103.1107.0

111.8116.5118.9121.9130.6145.5154 3163.2173.9191.1

210.4227.1241.1

2210220.3219.8221.1223.9226.6

229.6230.9232.6232 9233.2233.7

233.4233 72335235.8239.8243.2

244.7244.6244.1246.0246.6247.3

Non-durable

44.3

44 746.751653.856 658.662972.277 876.3

76282.082483.183 583 585.387688.289.3

90791.291.892.793.594.897.0

1000104.1108.8

113.1117.0119.8124.8140.9151.7158 3166.5174.3198.7

235.2257.5261.6

2453253.2257.5258.1258.2258.0

257.5258.4260.3260 7261.1261.1

260.22601258 4255.0256.2261.2

263.0263.6264.6265.7266.1264.7

Services

Allservices

43.5

43 644.245646.447 548.249151.154 356.9

58.761.864567.369 570.972.775.678.580.8

83.585.286.888.590.292.295.8

100 0105.2112.5

121.6128.4133.3139.1152.1166.6180 4194.3210.9234.2

270.3305.7333.3

287,7290.1292.5295.4299.6303.5

308.8312.2317.3318 6320.6321.8

323.9325 3325 5328.4331.8334.9

337.0338.9339.7340.3338.6335.6

Rent

56.0

56.257.258.558.558.658.859.261.165.168.0

70.473.276 280.383 284 385.987.589.190.491.792.994.095.095.996.998.2

100 0102.4105.7

110.1115.2119.2124.3130.6137.3144 7153.5164.0176.0

191.6208.2224.0

2009201.9203.0204.2205.9206.8

207.8210.3211.92136215.0216.5

217.82186219 6220.1221.8222.6

224.8226.0226.9228.9230.2230.8

Serv-iceslessrent

38.1

38,138,640.342.144.245.146749.051.954.5

56.059.362 264.866768.270.173.376.479.081.983.985.587.389.291.595.3

100.0105.7113.8

123.7130.8135.9141.8156.0171.9186 8201.6219.4244.9

285.1324.3354.2

304.2306.9309.5312.8317.4321.9

328.1331.7337.5338 7340.8342.0

344.2345.7345.7349.1352.8356.5

358.5360.5361.3361.6359.3355.5

Allitemslessfood

47.2

47 348.752153.655 756.959 464.969670.3

71175.777 579.079 579.781.183.885.787.3

88.889.790.892.093.294.596.7

100.0104.4110.1

116.7122.1125.8130.7143.7157.1167 5178.4191.2213.0

244.0270.6288.4

257.6260.4262.3264.2267.0269.5

272.7274.9278.22790280.1280.8

281.42821281 7282.9286.0289.7

291.5292.5292.9294.0293.6292.1

Special indexes

Allitemsless

energy

83.986.387.0

83.389.390.491.692.994.397.3

100.0104.4110.3

117.0122.0126.1133.8146.9160.2169.2179.8193.8213.1

238.0261.7279.3

251.2252.5

260.2

263.5265.6268.6269 4270.4271.1

272.1273.4273.6275.7278.3280.7

282.0282.7283.1284.0283.6282.5

Allitemslessfoodand

ener-gy

83 385.287.0

88389.390.591.693.094.396.6

100 0104.6110.7

117.6123.1126.9131.3142.2155.3165 5175.8188.7207.0

232.8257.1276.1

245.7246.8248.1

255.6

259.0261.3264.82659267.2267.9

268.5269.5269.8272.2274.9277.3

278.7279,8280.4281.5281,2279.9

Ener-gy1

90.190.391.8

94.294.494.795.094.696.397.8

100.0101.5104.2

107,0111.2114.3123.5159.7176.6189.3207.3220.4275.9

361.1410.0416.1

381.7401.1409.3409,8411.3414.0

415.7416.1417.1414.9414,1414.6

416.4413.0406.1395.7402.1418.6

424.5424.5424.2425.0422.6419.9

1 fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel, motor oil, coolant, etc.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.

224


TABLE B-55.—Changes in consumer price indexes, commodities and services, 1948-82

[Percent change]

Year or month

194819491950195119521953195419551956195719581959I960. .1961196219631964 .196519661967196819691970197119721973197419751976197719781979198019811982

1981:JanFebMarADrIvTayJune .JulyAusSeptOctNovDec

1982:JanFebMar.AprMayJuneJulvAugSeptOctNovDec

Alt items

Dec.to

Dec.1

27185.85.9

.9

.6- . 5

.42.9301.81.51.5

71.2161.21.93.43.04.76.1553.4348.8

12.27.0486.89.0

13.312 48.93.9

Yearto

year

7.8101.07.92.2

.8

.5- . 41.53.62.7

.81.61.01.11.21.31.72.92.94.25.4594.3336.2

11.09.15.86.57.7

11.313 510.46.1

Unad-justed

0.81.0

7.6.8.9

1.18

1.0.2.3.3

4.3

- . 1.4

101.2

6.2.2.3

_ 2- .4

Sea-sonally

ad-justed

0.81.0.6.4.8.7

1.1.8

1.1.4.5,4

3.2

- . 3

1.01.0

6.3.2.5

3

Commodities

Total

Dec.to

Dec.1

1.7417.75.9

-.6-1 .4_ .42.62.61.3.6

1.1o1.014.8

1.62.52.53.85.5402.934

10.412.76.3336.189

13.01116.03.6

Unad-justed

0.71.2

6.4.4..5,75

.6

!o,2

2.3

~\o101.4

5- . 0

'.3

- .0

Yearto

year

7.2- 2 6

.69.01.3

- . 9- . 9

.93.12.3

.1

.9

.5

.9

.91.11.22.61.83.74.54.73.43.07.4

12.08.94.35.87.1

11.412.28.44.0

Sea-sonally

ad-Justed

0.61.1,4

0

A.8.6

A2.3

.1

- i s19

1.36.0.2.6.3

Food

Dec.to

Dec.1

- 0 . 8- 3 7

9.67.4

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

- . 83.1

= 91.5191.43.43.91.24.37.22.24.347

20.112.26.5

68.0

11.810.210.24.33.1

Yearto

year

8.5401.4

11.11.8

- 1 . 5- . 2

- 1 . 4.7

3.34.2

- 1 . 61.01.3.9

1.41.32.25.0

.93.65.15.53.04.3

14.514.48.53.16.3

10.010.98.67.94.0

Commoditiesless food

Dec.to

Dec1

5.3485.74.6

~.2- 1 . 4

02.52.2.8

1.5- . 3

.6

.71.2

.71.93.13.74.54.82.32.55.0

13.26.25.14.97.7

14.311.56.73.8

Change from preceding

Unad-justed

0.8

5

~XA

1.04.2

- . 1- . 2

12.8

- . 1

.e

.82

- . 4.1

-2.0

Sea-sonally

ad-justed

0.4.6.3

\\2.7.5

.3

.1

.1

7.6

- . 4.3.8.6.13

.2

.11

Unad-justed

0.61.3

7.4.7.6.65

.2

.1

.1

- 2.0

- . 3- . 11.11.7

6.1.0.6.2

- .1

Yearto

year

7715

- . 17.5.9.2

- 1 . 1_ 71.0311.11.3.43.77.8.6

142.6374.24 13.8223.4

10.69.2505.458

11.713 88.64.0

month

Sea-sonally

ad-justed

0.712

51

.5

.586.8.4.2.4

10

- . 5- . 5

.91.5

8.2.2.8.3.2

Services

Dec.to

Dec.1

613,63.65.24.64.21.9233.14.52.73.72.7191.7231.82.64.94.06.17.4824.1366.2

11.38.17.37.99.3

13.7\A213.04.3

Yearto

year

63483.2534.4433.3202.5403.82.93.3201.9201.92.2394.45.26.9815.6384.49.39.5837.78.5

11.015.413.19.0

Unad-justed

1.188

1.01.41.31.7111.6.4.6,4

7.4.1.9

1.0.9.6.6.2.2

— 5-.9

Sea-sonally

ad-justed

1.188

1.01.31.117121.5.5.9.5

5

!o.9.9.86.6.1.2

- . 1- .8

Energy 2

Dec.to

Dec.1

- 0 . 74.31.5

- 1 12.1

- 8-22.01.81.41.73.14 53.12.8

16.821.611.66.97.28.0

37.418.111.91.3

Yearto

year

0.21.72.6

2.33

- .41.81.62.21.52.72.73.92.88.0

29.310.67.29.56.3

25.230.913.51.5

Unad-justed

3.15.120

!4.7.41.2

2.1

4- . 8

- 1 . 7= 2.6

1.64.11.40

- . 1.2

- . 6- .6

Sea-sonally

ad-justed

1 Changes from December to December are based on unadjusted indexes.2 Fuel oil, coal, and bottled gas; gas (piped) and electricity; and motor fuel, motor oil, coolant, etc.Note—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.

225


TABLE B-56.—Changes in special consumer price indexes, 1938-82

[Percent change]

Year or month

1958195919601961196219631964196519661967196819691970197119721973197419751976197719781979

198019811982

1981;JanFebMarAprMayJuneJulyAug...::::::::::::..Sept .........OctNovDec

1982:JanFebMarApr(Jay..: 7JuneJulyAugSeptOct

Dec

All items

Dec.to

Dec.1

181.5157

121612193.430476.15.53.43.48.8

12.27.0486.890

13.3

12.4893.9

Unad-justed

0.810

s.8.9

1.1.8

10

.'3

.3

.4

.3

.4101.2.6.223

= 2= .4

Yearto

Year

27.8

1610111213172.9294.25.45.94,33.36.2

11.09.1586.577

11.3

13.51046.1

Sea-sonally

ad-justed

0.810.64.87

1.1.8

11.4.5

.3

.2- 3

.2101.0

.6

251

All items lessfood

Dec.to

Dec.1

162.3101.1121.6101.63.33.54.95.76.53.13.05.6

12.27.16.26.38.5

14.0

12.99.94.0

Unad-justed

0.811

71.1.9

1.2.8

12

.4

.2

.2

.2- . 1

1*11.3.6

4— 1= .5

Yearto

Year

2.31.9171.0121.3131.42.33.44.45.56.04.63.03.99.99.36.66.57,2

11.4

14.610.96.6

Sea-sonally

ad-justed

0.91075.9.8

1.3.8

12

.6

.2

.2-2

101.27.4.151

•=.3

All items lessenergy

Dec.to

Dec.1

191.414.8

121.8131.93.5314.96.45.63.33.58.3

11.56.74.66.89.2

11.1

11.7864.2

Yearto

Year

29.8

1511121.314153.2284.45.76.14.33.46.19.89.1566.37.8

10.0

11.710 06.7

All items lessfood andenergy

Dec.to

Dec.1

182.2

81.5111.812153.3395.16.16.63.13.04.7

11.36.7616.485

11.3

12.1964.5

Yearto

Year

2.32.1151.11.31.21.51.42.43.54.65.86.24.73.13.58.39.26.66.27.39.7

12.510.47.4

Change from preceding month

Unad-justed

0.65.5

.99

1.3.8

11.3.4.3

.4

.5

.89.9.5.2

3- 1

Sea-sonally

justed

Unad-justed

0.54

.81.21.01.3.9

13.4.5.3

.2

.4

.1

.910.9.5.4,2.4

- .1=.5

Sea-sonally

ad-justed

0.6.4

.61.01.11.41.01.1.5.4

.3

0.8.9.9.6

.0

.4

- .1

All iterfood,<

andpurcha

fina

Dec.to

Dec.1

4.65.25.73,42.94.0

11.16.36.85.56.97.5

9.99.46.0

Unad-justed

0.5.8

.'9

.8

.9

.81.1

7.4

,3,4.67.6.6.4.4.8.6.3

ns lessJnergy,homeseandice1

Yearto

Year

4.54.95.25.0273.37.88.76.86.16,07.3

9.09.57.6

Sea-sonally

ad-justed

0.6.8.6.87.8

1.0.8.9.8.6.7

.5

.4

.5

.6

.6

.4

.472.5

All items

Dec.to

Dec.1

3.95.24.53.53.38.5

11.16.6516.379

10.8

10.88.55.0

Unad-justed

0.913.8.6.6.6.87.8

.4

.4

.5

.2

71.07.2.5.4.1

Yearto

Year

3.74.4494.33.16.2

10.18.3576.4689.6

11.2956.1

Sea-sonally

ad-justed

0.710.8.4

.5

.8

76

.6

.4

.1

„, 2

1.08.3

64.3

1 Changes from December to December are based on unadjusted indexes.2 All items less food, energy, and home purchase and financing, taxes, and insurance; estimated series.3 An experimental measure using a rental equivalence approach for homeownership costs. Effective with data for January 1983, the

consumer price index for all urban consumers will incorporate a rental equivalence measure.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.Source: Department of Labor, Bureau of Labor Statistics.

226


TABLE B-57.—Producer price indexes by stage of processing, 1947-82

[1967=100]

Year or month

19471948..1949

19501951195219531954

19551956195719581959

I9601961196219631964

19651966196719681969

1970197119721973.1974

19751976197719781979

198019811982 *

1981:JanFebMarAor

Sri™:::: :::::::;:::::"::::::June.

July

SectOctNovDec

1982: >JanFebMarAprMay :..::.: ::.:.:June

July .".Aug......

OctNovDec

Finished goods

Totalfinishedgoods

74.079977.6

79 086.586 085.185.3

85 587.991193.293.0

93.793 794 093.7941

95.798.8100 0102.8106.6

110.3113 7117.2127 9147.5

163 4170.61817195.9217.7

247.0269 8280.6

260.9263 3266 0268.5269.6270 5

2718271 52715274 3274.7275.4

277.9277.9277 3277 3277 8279.9

2817282 328142841284 9285.1

Consumer foods

Total

82.890 483.1

84 795.294389.488.7

86.586.389 394.590.1

92.191792.591.491.9

95.4101.6100 0103.6110.0

113.5115 3121.7146 4166.9

1810180.4189 9207.2226.2

239.5253 6259.3

251.02513252 6251.9252.8253 8

257 6256 3256 2254 0252.7252.9

256.4258.225712600262 3263.4

260.6259 7259 9257 8257 6258.2

Crude

99.4107.1101.3

92.2105.9112.8105.294.7

98.898.797.4103.594.3100.696.197.095.598.2

98.6104.8100.0107.5116.0

116.3115.8121.21607180.8

1812193.9201.0216.8233.1

237.2263.8252.5

257.9265.6279 7279.3263.1258.9

262.7256 9253 5253 8260.0273.9

280.6282.5263.3266.6259.9254.7

241.0239.2227.8232.0235.6247.2

Proc-essed

80.287.680.1

83.493.291.386.787.6

84.484.387.993.189.5

90.790.991.790.790.8

94.9101.0100.0103.0108.9

113.1115.1121.7143 9164.6

1813177.8187 3204.6223.8

237.8250.6257.7

248.4247.92481247.4249.8251.3

255.0254 2254 4252 0249.9249.0

252.1254.0254.5257.3260.3262.0

260.2259.4260.6258.0257.4257.1

Finished goods excluding consumer foods

Total

100.0102.6105.4

109.1113.1115.4120.1139.3

156 2166.1177 7190.7213.3

247.8273.3285.7

262.4265.5268 7272,1273.3274.1

274.7274.6274 72791280.0280.9

283.0282.4281.9281.1281.0283.4

286.7287.9286.6290.8291.9292.0

Consumer goods

Total

79.084.082.2

83.589.588.389.189.4

90.192.394.694.795.9

96.396.296.096.095.9

96.698.1100.0102.1104.6

107.7111.4113.5118.6138.6

1531162.6174 3186.7211.5

250.8276.5287.8

265.1268.5272 5276.1277.0277.7

277.9277.7277 92816282.4283.2

285.2284.9284.0282.3281.8284.8

288.8290.2289.1293.3294.6294.3

Durable

74.679.781.8

82.788.288.989.690.391.294.397.198.499.6

99.298 898.397.898.2

97.998.5100.0102.2104.0

106.9110.8113.3115.4125.9

138 2144.5152.8166.9183.2

206.2218.6226.7

214.9215.1214 0216.6218.1218.2

218.1218.3215 8224 5224.7225.4

226.2224.0223.9224.1225.0225.9

226.7227.5223.2231.1230.8231.5

Non-durable

80.785.882.3

83 690.087 888.688.9

89.491.193.292.694.094.794 794.895.194.895.997.81000102.2105.0

108.3111.7113.6120.5146.8

163 0174.8189.3200.0231.3

283.9319.6333.5

302.7308.4316 0320.4321.0322.0

322.5322.1324 2324 3325.4326.3

329.3330.3328.8325.7324.3328.7

335.3337.2338.4339.7342.4341.4

Capitalequipment

55.460 463.4

64971.272 473.674.576 782.487 589.891.591.791892.292.493.3

94.496.8100 0103.5106.9

112.0116.6119.5123.5141.0

162 5173.4184.6199.2216.5

239.8264.3279.6

254.6

258 1260.8262.5263.8

265.4265.8265 32715273.0274.1

276.2275.0275.8277.2278.1279.2

280.2280.7279.5283.8284.0285.1

finishedconsumergoods

80.586582.5

83 991.890 789.289.1

88.589.892.494.493.6

94.594394.694.194.3

96.199.4100 0102.7106.6

109.9112.9116.6129.2149.3

163.6169.7180.7194.9217.9

248.9271.3280.9

262.5265.0268.2270.6271.5272.3

273.5273.0273.12751275.2275.8

278.3278.6nil277.3217.1280.1

282.1282.8282.0284.2285.2285.1


227


TABLE B-57.—Producer price indexes by stage of processing, 1947-82—Continued

[1967-100]

Year or month

194719481949

19501951195219531954

19551956195719581959

I960196119621963::.:..:1964

1966:::::::::::::::::::196719681969

19701971197219731974

19751976197719781979

198019811982 l


JulyAugSept

NovDec

1982:»Jan .FebMarAprMayJune::;::::::::::::

July

SentOctNovDec.

Intermediate materials, supplies, and components

Total

72.478.375.2

78.688.135.586.086.5

88.192.094.194.395.6

95.695.094.995.295.5

96.899.2

100.0102.3105.8

109.9114.1118.7131.6162.9

180.0189.1201.5215.6243.2

280.3306.0310.4

296.1298.3302.0305.8306.7307.2

308.5310.1309.7309.4309.0309.4

311.0311.1310.6309.9309.8309.9

311.1310.8310.7310.0310.1310.2

Foodsand

feeds3

:::::::::::::

100099.4

102.7

1091111.7118.51684200.2

195.31853190.5203.1226.1

252.6250,3239.6

2709261.3255.6254.9253.1253.2

251.1250.2243.5239.3235 2235.2

238.8239.4237.7240.92450245.1

243.6240.2238 4234 8234.6235.4

Other

70.076174.2

77 787.084 385.385.7

88.392.695.094.896.4

96.895.595.395.095.6

96.998.9

100 0102.5106.1

109 9114.3118.91281159.5

178.61894202.3216.5244.4

282 3310.1315.7

298 0301.0305.4309.5310.7311.2

312.7314.5314.6314.6314 5314.9

316.4316.4316.0315.1314 6314.7

316.1316.0316 0315 5315.7315.7

Materials andcomponents

Formanufac-

turing

72.177 874.5

78188.584 886.286.3

88.492.694.895.296.5

96.595.394.794.995.9

97.499.3

1000102.2105.8

1100112.8117.0127 7162.2

178.7185 4195.4208.7234.4

265 7286.1290.1

279 6280.3281.6284.1285.1285.8

287.9289.8290.2290.2289 5289.3

290.4290.9290.4290.62914289.8

289.2288.7290 2289 5288.9288.7

Forcon-

struction

66.073.173.2

77 084.383 785.185.5

88.993.594.094.096.6

95.994,694.294.595.4

96.298.8

100 0105.0110.8

112,6119.7126.2136 7161.6

176.4188.4203.4224.7247.4

268 3287.6293.5

279 2280.3282.7288.0288.5289.6

290.4290.7290.0290.1290.2291.1

292.0293.0293.3294.0293 7294.5

294.3293.5293.4293 2293.0294.5

Proc-essedfirolc

andlubri-cants

85.596.988.2

89.993.992 893.493.3

93.396.2

101.996.095.6

98.299.499.098.196.0

97.499.2

100097.698.5

105.0115.2118.91315199.1

233.02501282.5295.3364.8

503 0595.4591.8

5519569.8598.3608.5608.7605.7

602.0607.8601.4596.9595.1598.1

604.4596.8593.0579.9570.9581.1

600.7603.8593.2590 2594.3593.6

tainers

66.869.870.1

72.084.579.980.081.5

82.688.692.594.794.2

95.594.795.994.794.0

95.898.4

100 0102.4106.3

111.4116.6121.91292152.2

171.4180 2188.3202.8226.8

254 5276,1285.5

264.6268.2270.9274.3276.4277.2

278.8280.3280.6280.9280.6280.2

282.5285.5286.3287.0287.0286.5

286.3285.4285.5285.1284.7284.6

Supplies

77.581076.3

78 988.888 884.386.3

84.887.188.090.091.2

90.791.893.895.294.3

95.299.4

100 0101.0102.8

1080111.011561406154.5

168.11790188.7198.5218.2

244 5263.8272.2

257 8257.8258.9262.4264.0264.6

266.0266.1

267 2268.3

269.8270.4270,6272.12734273.4

273.1272.6272 5272 3273.0273.2

Crude materials for further processing

Total

101.2110996.0

104 6120.1110 3101.9101.0

97.197.699.8

102.099.4

97.096.597.595.494.5

99.3105.71000101.6108.4

1123115.1127.6174 0196.1

196.9202 7209.2234.4274.3

304 6329.0319.5

328 0336.5334.2336.3334.4335.4

337.3333.0327.4319 9313 9311.5

318.4321.6320.0322.6328 3325.6

323.4319.8316 3312 2313.4312.6

Food-stuffsand

feed-stuffs

111.7120 8100.3

107 6124.5117 2104.9104.9

95.193.197.2

103.096.2

95.193.895.792.990.8

97.1105.9100 0101.3109.3

1120114.2127.5180 0189.4

191.8190,2192.1216.2247.9

259.2257.4247.8

270 7267,1262,1263.5260.6264.3

267.2261.8253.4245.7238 3233.7

242.6248.3247.9254.4262 6259.9

255.5249.6242.9236 3236.3237.0

Total

:;;:::;::;:::

100 0102.2106.8

112.7117.0128.0162 5208.9

206.9228.5245.0272.3330.0

401.0482.3474.0

450.1484.9488.4492.1492.4487.4

487.2485.3486.0479.2476.3478.6

481.5479.3475.2469.9470 2467.7

469.8471.0474.3475 4479.0475.0

Other

Fuel

66.678778.3

77 979.479 982.779.0

78.884.489.290.391.9

92.892.692.193.292.8

93.596.3

100.0102.3106.6

122.6139.0148.7164 5219.4

271.5305.3372.1426.6507.6

615.0751.2866.3

677.4697.7703.6716.673B.4759,2

781.2766.7788.7779.0792.5813.0

812.9824.5839.7851.28648C83.9

901.3906.9926.3919.4955.3949.5

Other

90.6100791.6

104 7120.7104 6100.198.2

103.8107.6106.2102.2105.8

101.4102.5102.0100.7102.4

104.5106.71000102.1106.9

109.8110.7121.91615205.4

188.3206.7212.2233.1284.5

346.1413.7376.9

391.0427.9430,9432.5428.3418.1

413.1413.9410.2404.1397.8396.2

399.53918387.1378.8376 6370.0

369.2369.5369.6372.2369.5366.0

1 Data have been revised through August 1982 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.

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


TABLE B-58.—Producer price indexes by stage of processing, special groups, 1974-82

[1967=100]

Year or month

197419751976197719781979

198019811982 2



1982:2

JanFeb..MarApr«h» ::JuneJulyAugSeptOctNov...Dec

Finished goods

Total

147.5163 4170.6181.7195.9217.7

247.0269.8280.6

260.9263.3266.0268 5269.6270.5

271.82715271.5274.3274 7275.4

277.9277 9277.3277.3277.8279.9

281.7282.32814284.1284 9285.1

Food

166.9181.0180.4189.9207.2226.2

239.5253.6259.3

251.0251.3252.62519252.8253.8

257.6256.3256.2254.0252.7252.9

256.4258.2257.1260.0262.3263.4

260.6259.72599257.8257.6258.2

Ener-gy

215.2252 4282.3326.7347.7469.9

701.3835.4823.4

758.1790.2838.78539854.2857.3

852.4842 0847.1841.6842 2846.6

842.3832 6814.0775.3758.2789.8

834.7844 3846 6841.7855 3845.9

Excluding food andenergy

Total

133.3148 5156.8166.3178.7194.7

216.4235.1248.5

228.2229.5230.2232 8234.0234.7

235.5236.1235.8240.72416242.3

244.7244 6245.2246.4247.3248.1

248.8249.52480252.7253 0253.7

Capi-tal

equip-ment

141.0162 5173.4184.6199.2216.5

239.8264.3279.6

254.6256.7258.1260 8262.5263.8

265.4265.8265.3271:5273.0274.1

276.2275 0275.8277.2278.1279.2

280.2280.7279 5283.8284 0285.1

Con-sumergoodsexclud-edand

energy

129.1141.0148.1156.6168.0183.3

204.2220.1232.5

214.4215.4215.82183219.3219.7

220.3220.9220.7225.0225.7226.2

228.6229.0229.5230.6231.5232.1

232.6233.3232 0236.7237.0237.4

Intermediate materials, supplies,and components

Total

162.9180 0189.1201.5215.6243.2

280.3306.0310.4 .

296.1298.3302.03058306.7307.2

308.53101309.7309.4309 0309.4

311.03111310.6309.9309.8309.9

311.1310.8310 7310.03101310.2

Foodsand

feeds1

200.2195.3185.3190.5203.1226.1

252.6250.3239.6

270.9261.3255.6254.9253.1253.2

251.1250.2243.5239.3235.2235.2

238.8239.4237.7240.9245.0245.1

243.6240.2238.4234.8234.6235.4

Ener-gy

188.72208236.8267.3280.3348.6

484.9573.6570.9

532.0548.8575.4585 3586.0583.4

580.6585.9579.7575.7574 0576.8

582.6575.7572.2560.2552.0561.4

579.3582.2572 4569.2572.4571.2

Other

156.7174.7185.0196.1210.4234.2

261.8283.4290.1

274.3275.9277.82813282.6283.4

285.5287.0287.7288.2288 2288.4

289.4290.2290.2290.7291.1290.1

289.6289.2290.3290.1290.0290.2

Crude materials for furprocessing

Total

196.1196.9202.7209.2234.4274.3

304.6329.0319.5

328.0336.5334.2336,3334.4335.4

337.3333.0327.4319.9313.9311.5

318.4321.6320.0322.6328.3325.6

323.4319.8316.3312.2313.4312.6

Food-stuffsand

feed-stuffs

189.4191.8190.2192.1216.2247.9

259.2257.4247.8

270.7267.1262.1263.5260.6264.3

267.2261.8253.4245.7238.3233.7

242.6248.3247.9254.4262.6259.9

255.5249.6242.9236.3236.3237.0

Ener-gy

223.02669283.1323.5362.5439.9

586.1783.4801.7

696.0782.67851790 5798,2793.5

793.6786.4795.7786.87912800.6

801.57969788.8778.5784.0792.0

799.4801.7810.0816.7830.2820.1

ther

Other

198.3165.0191.0190.1209.2253.0

269.4266.0238.2

274.1271.1275 5277 9272 7267.5

267.0269.0263.3257.8249 3?4fi?

?%!249 9248.5246.8243.7?34 3

232.9?m233.2?30fi227.5227.6

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1982 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.

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


TABLE B-59.—Producer price indexes for major commodity groups, 1940-82

[1967 = 100]

Year or month

194019411942194319441945194619471948194919501951 ...19521953195419551956195719581959 ,I96019611962196319641965196619671968196919701971197219731974197519761977 . .19781979198019811982 •1981:

Jan ,.FebMar...AprMayJuneJulyAug

OctNovDec

1982: *JanFebMarAprMayJuneJulyAug , ,SeptOctNovDec

Farm products and processedfoods and feeds

Total

94.3101.589.693.9

106 9102.796 095.791290.693.798.193.593.793.794.793.893.297.1

103 5100.0102 4108.01117113.9122.4159.1177.4184.2183.1188 8206.6229.8244.7251.5248.9

257.9255.1253 5253.8252.9254.3256.8254 2250 3246.0242.5241.0

246.0248.4247.5251.6255 8255.3252.4249.6247.5243.9244.0244.8

Farmproducts

41.450.364.875.075.578.5909

1094117.5101.6106.7124 2117.2106 2104.798 296.999 5

103.997.597.296.398 096.094.698.7

105 9100.0102 5109.11110112.9125.0176.3187 7186.7191.0192 5212.5241.4249.4254 9242.3

264.5262.4260 7263.3259.6260.7263 3257 92511243.1237.4234.6

242.2247.1244.72506256 5252.7246.6240.8234.4229.1230.6232.5

Processedfoods and

feeds

82 988.780.683.492 791.687 488.985.084.987 491.889.489.591.091.992.592 395.5

1012100.0102 2107.31121114 5120.8148.11709182.6178.01861202 6222.5241.2248 7251.5

253.3250.2248 5247.6248.2249.9252 22512248 9246.6244 3243.6

247.1248.1248.125112544255.8254.6253.5253.6251.0250 4250.6

Industrial commodities

Total

44.047 350.751.552.353.058070 876.975.378.086184.184 885.086 990.893 393.695.395.394.894.894.795296.498 5

100.0102 5106.011001141117.9125.9153 8171.5182.41951209.4236.5274.83041312.3

291.5295.7299 6303.5304.7305.1306 2307 2307 4309.0309 3310.0

311.8311.63110309 9309 6310.6312.8313.2312.9314.4315.1315.0

Textileproducts

andapparel

103.6108.198.9

102.7114.6103.4100.898.698.798.798.897,098.499.597.798.698.599.299.8

100.1100.0103.7106.0107.1109.0113.6123.8139.1137.9148.2154.0159.8168.7183.5199.7204.3

193.1193.9195.2197.6199.2200.1201.3202.4202.9204.0203.6203.4

205.0205.6

2054205.4205.0204.1204.2203.8202.6203.5202.4

Hides,skins,

leather,and

relatedproducts

45.248.452.852.752.252.961183.384.279.986.399.180.181.377.677.381.982.082.994.290.891.792.790.090.394.3

103.4100.0103.2108.9110.3114.1131.3143.1145.1148.5167.8179.3200.0252.4248.9260.9263.0

258.2257.7261.2263.5263.7261.6261.1261.3261.7260.0259.8260.7

261.8261.6260.6263.4263.2261.8263.1262.0264.8264.7264.3265.2

Fuels andrelated

products,and

power»

51.454.656.257.859.560.164 476.990.586.287.190.390.192.691.391.294.099.195.395.396.197.296.796.393.795.597.8

100.098.9

100.9106 2115.2118.6134.3208.3245.1265.6302.2322.5408.1574,0694.5693.4

634.6667.5696.5707.2709.0707.6704.9704.3703.5698.1698.1702.5

705.1697.8689.7670.6662.2677.3701.1705.6701.8699.6707.3702.6

Chemicalsand alliedproducts *

52.457.063.364.164.865.270 593.795.987.688.9

101796.597 798.998.599.1

101.2102.0101.6101.8100.799.197.998.399.099.4

100.099.899.9

102 2104.1104.2110.0146.8181.3187.2192.8198.8222,3260.3287.6292.4

274.3277.6280.4286.0288.6290.5291.3293 3293 3292.4292.0291.8

292.9293.6294.6294.3295.0293.3291.6291.6291.4290.4290.5289.3


230


TABLE B-59.—Producer price indexes for major commodity groups, 1940-82—Continued

Year or month

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I9601961196219631964 . . .1965196619671968...1969

1970197119721973197419751976197719781979

1980198119822

1981:JanFebMarAprIVfayJ u n ' e :

JulyAiigSeotOcitNovDec

1982: 2

JanFebMarAprMayJune

JulyAug

OctNovDec

Rubberand

plasticproducts

57 161571673.611170.570 870.572 870.5

85.9105.495.589.190.4

102.4103 8103.4103 3102.9

103199.296 396.895 595.997 8

100.01034105.3

108 31091109.31124136.2150 2159.2167 6174 8194.3

217 4232 6241.6

224.8226.4228 4230 82318233.4

23212341235 7237 3238.0238 3

237 3239.3240.824112421242.5

242.0242.6243 3243 0242 6243.0

Lumberand

woodproducts

27.432 735.637.740.641.247.273.484.077.7

89.397.294.494.392.697.198.593.592.498.8

95.391.091.693.595.495.9

100.2100.0113.3125.3

113.6127 3144.3177.2183.6176.9205.6236.3276 0300.4

288.9292.8284.7

296.5294.7294.4299.4298 4298.1

296.5294.5289.3284.3282.1285.4

285.5285.2285.3286.5284.6289.0

288.6284.2283.0279.6279.9284.8

[1967

Pulp,paper,

andallied

products

72.575.772.4

74.388.085.785.585.587.893.695.496.497.3

98.195.296 395.695 496.298.8

100.0101.1104.0

108.21101113.41221151.7170.4179.4186.4195 6219.0

249 2273.8288.6

264.4267.2269.027142721272.9

274.9275.9277 8279 2280.4281.0

285 5286.3287.4288.5289 6289.5

289.1289.3289.2289.2289.6289.5

= 100]

Industrial commodities—Continued

Metalsand

metalproducts

37 838 539.139.039 039.644.354.962.563.0

66.373.873.976.376.982.189 291.090.492.3

92 491.991291.393 896.498 8

100.0102.6108.5

1166118 7123.5132 8171.9185 6195.9209.02271259.3

286.4300 4301.8

294.0294.0296.4298 82991298.4

302.0304.1304 9305 3304.2303.3

304 7304.2302.9303.1302 8299.3

299.5299.2301.8302.13010300.9

Machineryand

equipment

41.442142.842.442.142.246.453.758.261.0

63.170.570.672.273.475.781.887.689.491.3

92.091.992.092.292.893.996.8

100.0103.2106.5

111.4115 5117.9121.7139.4161.4171.0181.7196.1213.9

239.8263.3278.7

253.3255.3257.5259.6260.7262.1

264.8266.2268.1269.3270.4272.0

274.1275.4276.2277.6278.2278.6

279.6279.9280.3280.9281.3281.8

Furnitureand

householddurables

53 857 261.861.463163.267.177.081.682.9

84.791.890.191.992.993.395 898.399.199.3

99.098.497 797.097 496.998.0

100.0102.8104.9

107.5110 0111.4115.2127.9139.7145.6151.51604171.3

187.7198.5206.8

194.0195.2195.8196.4197 4197.3

199.5199.6201.0201.3202.1202.9

203.5204.6205.5206.0206.5207.0

206.8208.1207.7208.4208.3208.6

Non-metallicmineral

products

49150 252 352.453 555.759 366.371673.5

75.480.180.183.385.187.591394.895.897.0

97 297.697 697.197 397.598 4

100.0103.7107.7

112.9122 4126.1130.2153.2174.0186.3200.5222 8248.6

283.0309.5320.2

296.6297.9300.9310.8312.0313.6

314.3314.1313.2313.3313.7313.5

315.6319.0319.9320.2321.2320.9

321.1320.5320.2321.2321.5320.9

Transpor-tationequip-ment:Motor

vehiclesand

equip-ment3

40.443 247.247.247 548.356.064.170.875.7

75.379.484.083.683.886.391295.198.1

100.3

98.898.698.697.898.398.598.6

100.0102.8104.8

108.7114.9118.0119.2129.2144.6153.8163.7176.0190.5

208.8237.6251.3

229.0230.9229.5233.9236.0236.7

237.4238.4232.8247.8248.9249.5

250.8246.8246.8247.2249.2251.1

252.0252.8245.0258.1257.5257.9

Miscella-neous

products

73.576 578.0

79.283 983.485 686.486 587 690.292 092.2

93 093.393 794.595 295.997 7

100.0102.2105.2

109.9112 9114.6119.7133.1147.7153.7164.3184.3208.7

258.8265.7276.6

264.3264.9264.0266.0266.9266.3

263.2262.6267.0268.5267.5267.6

268.3273.5272.7273.2272.2271.5

273.4272.0280.3285.9285.7290.3

1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1982 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.3 Index for total transportation equipment is not shown but is available beginning December 1968.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-60.—Changes in producer price indexes for finished goods, 1950-82

[Percent change]

Year or month

19501951195219531954

19551956195719581959I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979198019811982 •

1981:JanFebMar

June

July

SeptOct

Dec:....:::..:::..1982:»

JanFebMarAprMay'::::::::::.::.June

JulyAugsept'::.::OctNovDec

Totalfinishedgoods

Dec.to

Dec.1

10.42.9

= 2 . 2.5

= .1

124.23.2

= .4

1 8- . 5

.1—• 2

3322163.14.82.23.238

11818.3

663.76.99.2

12.811.87.13.5

Unad-justed

1.4.9

1.0.9

.5

o1.0

.9

o_ 20.2.8.6

1.0

Yearto

year

1.89.5

- . 6= 1.0

22.83.62.3

80

=13.4

1732122.83.7

3.53.13191

15.310 84.46.57.8

11.1

13.59.24.0

Sea-son-

3justed

1.2

A.9

.43.2.6

.5— 2„ 1

To.5

- l l.5

Finishedconsumer

foods

Dec.to

Dec.1

13,35.3

-5 .9«2.2-1 .9

293.65.3

4=3.7

52= 1.8

.4

911.4

44.88.2

=2.55.980

22 513.055

- 2 56.9

1177.4

7.51.42.1

Unad-justed

0.7.1.5

- . 3

1.55

=-.0= .9- . 5

.1

1.474

1.1.9

-1 .1

— 8

Yearto

year

1.912.4= . 9

- 5 . 2= . 8

- 2 5- . 23.558

-4.722

.9-1 .2

.5386.5163.66.23.21.656

20 314.0

84— 35.39.19.25.95.92.2

Sea-son-

3justed

0.6- . 1

22.5.81

-2=.7

1.15

- 11.7.6.5

-1 .6

- I s- . 2- . 2

.1

Finished goods excluding consumer foods

Total

Oec.to

Dec.1

2.43.44.32.12 166

21.2726.26.98.3

14.813.38.84.0

Yearto

year

2.62.7

3.53.72041

16.0

1216.37.07.3

11.9

16.210.34.5

Consumergoods

Dec.to

Dec.1

8.2.9

-1 .11.6.3

172.51.7

2.84

= .3

:ii9

1.72.12.02.9

3.92.02074

20.5

67606.78.5

17,514.28.53.9

Yearto

year

1.67.2

- 1 . 3.9

82.42.5

.11.3

4- . 1- . 2

0_ l

.71.61 92.12.43.03.41 945

16.910 56.27.27.1

13.3

18.610.24.1

Capequip

Dec.to

Dec.1

10.33.4

.82.31.1568.34.31.31.0.1.2.3

.9

1.53.93,13.04.64.92.42053

22.6

8.26.47.37.98.8

11.49.24.0

talment

Yearto

year

2.49.71.71.71.2

307.46.22.61.9

2.1.4.2

1.0

1.22.53.33.53.3

4.84.12533

14.215.26.76.57.98.7

10.810.25.8

Percent change from preceding month

Unad-justed

1.61.21.21.3.4.3

.2

.01.6.3.3

.7

= 2- . 3- . 0

.91.2

1.5.4.0

Sea-son-

3justed

1.41.01.21.2.2.6.2

.8

.8

.4

.4

= .1= .4

1111.2

- l o:9.i

Unad-justed

1.61.31.51.3.3.3.1

_ i.1

1.3.3

J- .1- .3—6- . 21.11.4.5

- . 41.5.4

- . 1

Sea-son-allyad-

justed

1.41.11.41.2.0.5.12.5.8.9

.4- .3- 4—.7

1.4.8

.81.1

- . 1

Unad-justed

1.5.8

llo.7.5.6

22.3

.6

.4

.8- .4

.3

13.4.4.2

- . 41.5

.1

.4

Sea-son-allyad-

justed

1.2.9

>

.6

1.0.7.6

.5= .4

.5

.3

.4

.7

.4

.7=.1

.2

.3

.6

Finishedenergygoods

Dec.to

Dec.1

16.411.512.18.5

58.0

27.814.1

Unad-justed

2.24.26.11.8.0.4

.61.2.6

.5

=.5-1 .2-2 .2=4.8-2 .2

4.25.71.2.3

- i l l

Yearto

year

17.311.815.76.4

35.1

49.219.1

- 1 . 4

Sea-son-

3justed

1.93.8S.81.3

- . 8.4

- . 5= 11

=-.11.4.9

- . 9- 1 . 6- 2 . 6= 5 . 2- 3 . 0

4.25.71.2

.4- . 1

-' .7

Finished goodsexcluding food

and energy

Dec.to

Dec.1

6.15.66.38.39.4

10.77.84.7

Unad-justed

1.5.6

Is

.3

.3

.12.1

.'3

1.0= .0

A.3

.3

1.9

Yearto

year

11.45.66.17.59.0

11.18.65.7

Sea-son-allyad-

justed

1.2.5

i l l.4.6.4.6.3

1.0

.2

.7- .1

.3.5.2.6.4.6

— 1

Is

1 Changes from December to December are based on unadjusted indexes.zOata7iave been revised through August 1982 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.

232


MONEY STOCK, CREDIT, AND FINANCE

TABLE B-61.—Money stock measures and liquid assets, 1959-82

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

Year and month

Ml

Sum ofcurrency,demanddeposits,travelers'

checks, andother

checkabledeposits<OCD) *

M2

Ml plusovernight RPs

andEurodollars,

MMMFbalances(genera!

purpose andbroker/

dealer), andsavings andsmalltimedeposits2

M3

NI2 plus largetime deposits,term RPs, andinstitution-only

MMMFbalances

M3 plus otherliquid assets

Percent change from year or 6months earlier3

Ml M2 M3

December:1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982"


JulyAugSept:OctNovDec


JulyAugSeptOctNovDec"

140.9

141.9146.5149.2154.7161.9

169.5173.7185.1199.4205.8

216.5230.6251.9265.8277.4

291.0310.4335.5363.2389.0

414.5440.9478.5

417.9419.4424.4433.3429.2428.4

429.4431.1431.2432.9436.4440.9

448.6447.3448.3452.4451.5451.4

451.3455.2460.5468.4475.0478.5

297.7

312.3335.5362.8393.4425.1

459.5481.3526.6569.4591.3

628.6713.6806.4863.2911.2

1,026.91,171.21,297.71,403.91,518.9

1,656.21,822.71,999.1

1,665.71,678.21,701.11,723.21,732.41,740.9

1,753.71,772.41,778.31,789.51,809.91,822.7

1,841.31,848.11,865.31,880.91,897.71,908.2

1,923.81,946.81,955.01,968.21,987.21,999.1

298.9

314.3339.4369.7404.1440.2

480.7504.9558.6608.4614.1

675.2773.7882.8981.4

1,064.3

1,166.21,305.01,464.61,629.01,779.4

1,963.12,188.12,403.7

1,984.22,001.92,024.02,046.32,065.22,082.1

2,102.52,126.02,138.12,151.12,174.72,188.1

2,204.32,215.12,235.92,258.32,279.52,296.2

2,320.62,356.42,364.22,382.12,401.22,403.7

388.4

403.4430.5465.9503.7540.5

584.5616.5670.1733.9765.2

816.5903.2

1,023.61,143.81,249.8

1,376.61,531.41,724.31,938.92,153.9

2,370.42,642.8

2,397.32,418.22,438.02,455.52,483.12,506.6

2,530.42,559.72,577.22,600.02,629.32,642.8

2,667.92,690.52,717.22,744.22,774.42,799.5

2,831.92,858.2

0.73.21.83.74.7

4.72.56.67.73.2

5.26.59.25.54.4

4.96.78.18.37.1

6.66.48.5

10.37.26.88.85.76.8

5.65.73.2

- . 23.45.9

9.17.78.19.27.04.8

1.23.65.57.2

10.712.4

4.97.48.18.48.1

8.14.79.48.13.8

6.313.513.07.05.6

12.714.110.88,28.2

9.010.19.7

8.67.69.0

10.49.4

10.5

10.811.59.37.89.19.6

10.28.7

10.010.59.99.6

9.211.09.89.59.79.8

5.28.08.99.38.9

9.25.0

10.68.9

.9

9.914.614.111.28.4

9.611.912.211.29.2

10.311.59.9

11.710.811.812.311.912.5

12.312.811.610.510.910.4

9.98.69.4

10.29.9

10.1

10.813.211.811.311.09.6

1 Net of demand deposits due to foreign commercial banks and official institutions.2 M2 will differ from the sum of components shown in Table 8-62 by a consolidation adjustment that represents the estimated

amount of demand deposits and vault cash held by thrift institutions to service time and savings deposits.3 Monthly percent changes are from 6 months earlier at a compound annual rate.

Note.—See Table B-62 for components, except travelers checks not shown separately.



TABLE B-62,—Components of money stock measures and liquid assets, 1959-82

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

Period

December:1959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982"

1981:JanFeb .MarAprMavJune

JulyAugSept ....OctNovDec


JutyAugiNovDec"

Cur-rency

28.9

?9 029.6W fi32.534.3

36.3

40 443.446.1

491WIVift61 567.8

73 880 688 697 4

106.1

116?123.1132.6

116?117?117.81191119.4119.7

120.51?0 7121.1121.3121.8123.1

123.8124.6125.1126.31?7 4128.4

128.8I?*)1)

no 5W ?Wfi132.6

De-manddepos-

its1

111.6

112 5116.5118.1121.7127.0

132.5134.6143.9155.1158.8

166.3176.8193.6202.5207.4

2141224.42396253.9262.2

267 2236.4240.2

254.1244 8243.0243.5240.4237.7

236.7236.6234.7235.7235.7236.4

239.3234.5233.0233.02327231.0

230.6231.1232 6236.22383240.2

Othercheck-

ablede-

posits

0.0

0.00

.1

1

2

.4

9?7428.4

16.9

26977.0

101.3

43 253359.566565.266.7

68.169 571.271.674 777.0

81.183.885.888.687087.5

87.490293 096 5

1007101.3

Over-nightrepur-chaseagree-ments(RPs)(net)

NSA

0.0

0.00.0.0

.0

111.62.5

142.5316.87.2

7513717 822122,7

30531.439.5

30 630431.931834.536.5

35.435 332.730.230 431.4

35.735.636.734.635 836.0

36.437 636839 740639.5

Over-nightEuro-

dollars

NSA

0.0

o.0.0.0.0

.0

.0

.0

.0

.0

o.0o.0.0

o.0

102.03.6

456.76.1

52494.6506.56.4

6.9786.95.9656.7

7.57.36.35.8707.0

7.0696562666.1

Moneymarket

mutual fund(MMMF)balances

Gen-eralpur-poseandbro-ker/deal-

erNSA

0.0

n.0

n.0.0

.0nn

.0

.0

nooi

2.1

i??8?971

34.4

819151.2177.5

6S87S?85.4

%n98.8102.9

112.81???130.6137.3144 9151.2

154.9156.1159.4162.1164 6168.9

171.7180 618? 51841186 6177.5

Insti-tutiononly

NSA

0.0

o.0o.0.0

•f).0.0.0

onon

469

319.3

13933.743.1

15017 320.221319.520.1

21.623 326.629.432 033.7

32.530.531.531.532833.7

36.743143 944 845343.1

Sav-ingsde-

posits

146.0

1587175.0194.3213.9234.8

256.5?5?K263.3268.5263.2

259.3?908320 21?S9337.6

387 74*tl7490 4479.9421.7

3989343.6400.3

384 5378 5378.53788373.5366.8

361.03509343.1339.6340 9343.6

348.8348.6350.7350.53509349.9

344.0342 0342 43526362 3400.3

Smalldenom-ination

timede-

posits 2

11.8

12 915.220726.229.9

35.255.9790

101.9121.7

153 6192.0233 9267.6290.0

3409396545415339652.6

7517854.7904.2

76817757782.07841795.8805.5

814.08308839,7849.8856.6854.7

852.3859.4869.9881.6894.1900.9

919.7930.6932.6923.8923 0904.2

Largedenom-ination

timede-

posits2

1.2

203.96.9

10.715.2

21.223.131.037.420.4

45 057.673 2

111.2144.4

1298118.21452194 6221.8

257 9300.3332.6

267.52717269.8267.6278.3285.6

293.1299 8302.3302.2300.6300.3

302.6308.0312.6317.23216328.3

335.8339 6339 3342 53404332.6

Termrepur-chaseagree-ments(RPs)

NSA

0.0

0.00

!c.0

101.52.4

142.5337.18.4

9015.021027 530.2

37 835.433.6

39238136.136 737.738.8

37.233433.833.435 635.4

32.532.531.534.232631.2

29.332130 531333 533.6

TermEuro-

dollars(net)

NSA

0.7

81.41.61.92.4

1.72.12.12.92.7

2.22.73.65.48.0

9.713.118729.942.9

48.466.7

50.252252.152.657.057.9

58.761.061.263.465.566.7

69.973.874.478.583 384.8

84.281.5

Sav-ings

bonds

46.1

45746.546948.149,0

49.6SO?51251.851.7

52 0VH57 660 463.2

67 271776480.379.6

72367.7

71771070.670370.069.7

69.468968.467.967 767.7

67.867.867.767.767 767.8

67.767 6

Short-term

Treas-ury

secu-rities

38.6

36 737.039 840.738.5

40.743?38.746.159.5

49 2W341150 053.6

77.1811899

128.5

1567176.5

161.1163 6161.9157.6158.2160.3

161.8164.1168.1176.0179.9176.5

180.3186.4191.0191.71919194.8

199.9200.5

Bank-ers'

accept-ances

0.5

81.010

n1.2

1.51.61.72.23.2

3.33.53.34.7

10.6

8.48.8

11.821.426.5

31.839.7

32.432.533.334.535.636.4

37.137.337.637.138.139.7

40.2

37338.339.940.3

40.840.2

Com-mercialpaper

3.6

515.2687.79.1

10.214.417822.534.0

34 532.735241.950.1

48051.762979.297.0

981104.2

97.797 096.194.297.1

100.3

100.8102.4103.8104.4103.7104.2

105.5108.4110.3109.71121115.7

118.7112.0

'Demand deposits at all commercial banks other than those due to domestic banks, the U.S. Government, and foreign banks andofficial institutions less cash items in the process of collection and Federal Reserve float.2 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.Travelers checks are a component of money stock but are not shown here.See also Table B-61.Source: Board of Governors of the Federal Reserve System.

234


TABLE B-63.—Commercial bank loans and investments, 1939-82


Year and month

End of month >1939- Dec

1940- Dec1941- Dec1942- Dec1943- Dec1944- Dec

1945- Dec1946- Dec1947: Dec1948: Dec

1948- Dec1949- Dec

1950- Dec1951- Dec.1952: Dec1953- Dec1954: Dec

1955: Dec1956- Dec1957: Dec1958- Dec1959- Dec

I960- Dec1961- Dec1962- Dec1963: Dec1964: Dec

1965: Dec1966- Dec1967: Dec1968: Dec1969- Dec

1970: Dec1971: Dec1972- DecAverage for

month2

1972- Dec1973- Dec1974- Dec

1975- Dec1976: Dec1977: Dec1978- Dec1979- Dec.1980: Dec1981- Dec1982- Dec

1982:JanFebMar

June

JulvAUgSeptOctNovDec

Total loansand

investments

40.7

43950 767.4851

105.5

124 0114 0116.3114.3

Loans

Total

17.2

18 821.719.219.121.6

26131.138.142.5

Commercialand

industrial

Investments

US.Treasurysecurities

16.3

17 821841.459877.6

90674 869.262.6

Othersecurities

7.1

74726.86.16.3

738.19.09.2

Seasonally adjusted

113.0118.7

124.7130 2139.11431153.1

157.61616166.41812188.7

197 4212.82312250.2272.3

300.13161352.0390.2401.7

435.5485.7558.0

572 6647 8713.6

745 2804.6891.5

1,013.51,135.9

1,239.61316 31,412.4

132011332 41342 51,352.51,362.01,368.813761138311,389.41397 51398 51,412.4

41.542.0

51.156.562.866.269.1

80.688.191.595.6

110.5116.7123.6137.3153.7172,9

198.2213.9231.3258.2279.4

292.0320.9378.9

390 5460.5520.1517.4555.0632.5747.0849.9

915.1973.9

1,042.3

974.5985.2995.0

1,002.01,010.81,017.1

1 023.71028 31,033.51,038.11 036.41,042.3

39.4

42143.947 652.158.4

69.578 686.295.9

105.7110.0116.2130.4

137 5165 4196.9

1896190.9210.9245.9291.2

326.8358 0392.4

360.3365.53700373.1378.9383.4

386.7387 9392.5394.8392.0392.4

62.366.461.160.462.262 267.660.357.256.965157.7

59 965.364.761.560.7

57.153.559.460.751.2

57.860.662.6

65 858.553.682.2

100.899.893.894.5

110.0111.0130.9

114.1115.1114.4116.6116.3115.8116.5117.8118.2122.3126.4130.9

9.210.312.413.414.214 716.4

16.816.317.920.520.5

20.823.929.235.038.7

44.848.761.371.371.1

85.7104.2116.5

116.3128.8139.9145.6148.8159.3172.8191.5214.4231.4239.2

231.5232.0233.1234.0234.9235.9

235.9237.1237.6237.2235.8239.2

Loans plusloans soldto bankaffiliates

283.3294.7323.7381.5

393.1464.8524.8

521.8558.7637.1750.7852.9917.8976.7

1,045.2

977.4988.0997.8

1,004.81,013.51,020.11,026.51,031.11,036.41,040.91,039.31,045.2

1 Data are for December 31 call dates.2 Data are prorated averages of Wednesday figures for domestically chartered banks and averages of current and previous month-enddata for foreign-related institutions. Lease financing receivables are included in total loans and investments and in total loans.

—Beginning December 1981, levels have been reduced because of shifts from U.S. banking offices to International Banking« <IB?s).


Note,Facilities


TABLE B-64,—Total funds raised in credit markets by nonfinancial sectors, 1974-82


Item 1974 1975 1976 1977 1978 1979 1980 1981

Total funds raised by nonfinancial sectors

U.S. Government

Foreign

Private domestic nonfinancial sectors

Corporate equities

Debt instruments

Debt capital instruments

State and local government obligations.Corporate bondsMortgages

HomeMulti-family residentialCommercialFarm

Other debt instruments

Consumer creditBank loans n.e.cOpen-market paperOther

By borrowing sector: Total

State and local governmentsHouseholdsNonfinanciai business

FarmNonfarm noncorporateCorporate

Debt instruments

Equities

Total funds supplied to nonfinancial sectors

Financed directly or indirectly by:


Deposits and currency

Checkable deposits and currencyTime and savings depositsMoney market fund sharesSecurity repurchase agreementsForeign deposits

Credit market instruments

Corporate equities

Foreign funds

At banksCredit and equity instruments ,

U.S. Government-related loans, net „.,U.S. Government cash balancesPrivate insurance and pension reservesOther sources.. ,


193.9

11.8

14.8

167.4

4.1163.3

100.6

16.519.764.4

37.36.9

15.15.0

62.7

9.932.6

6.613.5

167.4

15.553.998.0

7.820.269.9

65.94.1

193.9

123.5

73.7

8.565.3

2.4- 2 . 2

- . 2

50.4

- . 6

21.8

10.111.7

19.1- 4 . 633.4

.8

214.4

85.4

11.5

117.5

9.9107.5100.9

16.127.257.6

42.0- . 011.04.6

6.6

9.6-10.5

-2 .610.1

117.5

13.752.151.6

8.512.530.7

20.89.9

214.4

148.1

101.2

15.683.3

1.3.2

50.7

- 3 . 8

2.1

-=-8.710.8

23.22.8

39.7- 1 . 6

273.5

69.0

19.6

184.9

10.5174.3

123.6

15.722.885.1

63.93.9

11.65.7

50.7

25.44.44.0

16.9

184.9

15.289.580.2

10.215.454.5

44.010.5

273.5

173.5

133.4

17.8111.7

= .02.31.7

44,7

- 4 . 6

13.2

- 4 J17.9

20.43.0

47.715.7

334.3

56.8

13.9

263.6

2.7

260.9

169.8

21.921.0

126.994.3

7.118.47.1

91.1

40.226.72.9

21.3

263.6

15.4137.3110.9

12.328.370.4

67.62.7

334.3

184.0

148.5

25.5119.3

.22.2

1.3

39.0

- 3 . 5

43.51.2

42.3

17.6.9

60.727.5

401.7

53.7

33.2

314.8

3 R 9

198.7

28.420.1

150.2

112.19.2

21.77.2

116.2

48.837.1

5.225.1

314.8

19.1169.3126.3

14.632.479.3

79.4- . 1

401.7

219.7

152.3

25.6110.3

6.97.52.0

72.5

= 5.1

46.7

6.340.5

27.23.7

66.637.8

402.0

37.4

21.0

343.6

- 7 . 8351.5216.0

29.822.5

163.7

120.17.8

23.911.8

135.5

45.449.211.129.7

343.6

20.2176.5146.9

21.434.491.2

99.0- 7 . 8

402.0

258.9

151.9

27.282.234.46.61.5

122.9

- 1 5 . 9

22.7

25.6=2.9

31.8.5

60.028.1

397.1

79.2

29.3

288.7

12.9275.8

204.1

35.933.2

135.1

96.78.8

20.29.3

71.7

4.935.4

6.624.9

288.7

27.3117.5143.9

14.433.895.7

82.812.9

397.1

271.1

179.2

14.5127.829.26.5

1.1

89.7

2.1

5.6-23.0

28.6

29.0- 3 . 680.814.2

406.9

87.4

27.3

292.3

-11.5303.7175.0

32.923.9

118.3

78.64.6

25.39.8

128.8

25.351.119.233.1

292.3

22.3120.4149.5

16.440.592.6

104.1-11.5

406.9

291.3

221.0

27.882.9

107.52.5

101.9

-31.6

13.6

- 8 . 822.3

34.2

88.5- 2 0 . 8


TABLE B-64.—Total funds raised in credit markets by nonfinancial sectors, 1974-82—Continued


Item1981

I II III IV

1982

I

Total funds raised by nonfinancial sectors

U.S. Government

Foreign


Corporate equities

Debt instruments

Debt capital instruments

State and local government obligations....Corporate bondsMortgages

HomeMulti-family residentialCommercialFarm

Other debt instruments

Consumer creditBank loans n.e.cOpen-market paperOther

By borrowing sector: Total

State and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate

Debt instruments

Equities

Total funds supplied to nonfinancial sectors

Financed directly or indirectly by:


Deposits and currency

Checkable deposits and currencyTime and savings depositsMoney market fund sharesSecurity repurchase agreementsForeign deposits

Credit market instruments

Corporate equities

Foreign funds

At banksCredit and equity instruments

U.S. Government-related loans, netU.S. Government cash balancesPrivate insurance and pension reserves

. Other sources


431.9

111.3

33.6

287.0

5.2281.8

192.7

36.025.0

131.8

93.44.4

25.38.5

89.1

26.522.811.328.5

287.0

27.1135.0125.0

19.237.168.7

63.55.2

431.9

309.3

284.0

69.739.2

148.416.99.7

40.9

-15 .5

21.8

-25 .447.227.214.179.3

-19.7

444.5

52.5

35.7

356.3

- 3 . 4359.7

200.3

34.224.5

141.6

96.95.7

29.49.5

159.4

32.272.610.144.5

356.3

23.1147.1186.1

20.546.5

119.1

122.5- 3 . 4

444.5

278.3

153.2

- 5 . 2108.359.9

- 1 . 6- 8 . 2

154.2

-29.0

55.0

24.031.0

23.3- 2 . 594.7

- 4 . 3

380.8

62.7

18.9

299.2

-24.6323.8

156.9

26.319.5

111.1

72.54.1

23.710.8

166.8

34.266.032.933.8

299.2

14.8128.1156.4

16.140.1

100.2

124.8-24 .6

380.8

285.5

217.5

- 6 . 6103.8137.3

-13 .8- 3 . 2

123.0

-55.0

3.2

11.9- 8 . 7

37.4- 7 . 295.0

-33.0

370.6

123.0

20.9

226.7

-23 .0249.7

150.0

35.026.488.6

51.64.2

22.610.2

99.6

8.343.222.325.9

226.7

24.371.7

130.7

9.638.582.5

105.5-23.0

370.6

291.9

229.2

53.280.284.38.62.8

89.5

-26.8

-25.7

-45.619.9

49.0- 3 . 885.3

-26.1

361.8

94.8

15.5

251.5

- 5 . 3256.8

159.7

38.320.3

101.2

67.26.2

20.57.3

97.1

6.669.912.28.4

251.5

25.682.1

143.8

5.628.0

110.2

115.5- 5 . 3

361.8

242.6

205.3

27.3148.237.6

.3

- 8 . 1

48.3

-11.0

-32 .9-46 .0

13.0

10.023.284.234.7

399.5

101.4

16.5

281.6

5.0276.6

153.6

57.516.779.4

51.83.9

20.13.6

123.0

25.486.6

- 5 . 316.4

281.6

46.997.2

137.4

11.332.893.3

88.35.0

399.5

296.5

149.7

-9 .5112.141.2

1.7

4.1

151.2

- 4 . 4

23.7-16 .3

40.0

10.1-29.6

99.1- . 4

479.7

221.2

1.3

257.2

.0257.2

172.9

54.342.576.2

51.47.1

11.06.6

84.3

8.246.6- . 930.4

257.2

39.281.6

136.5

12.525.998.0

98.0.0

479.7

329.9

204.6

-5 .8123.586.57.6

- 7 . 2

137.8

-12 .5

-40 .8-61.7

20.9

53.242.385.49.7


TABLE B-65.—Federal Reserve Bank credit and member bank reserves, 1929-82

[Averages of daily figures; millions of dollars]

Year and month

Reserve Bank credit outstanding

Total

U.S.Governmentand Federal

agencysecurities

Member bankborrowings

Total SeasonalOther

Member bank reserves1

Total Required

1929: Dec.1933: Dec.1939: Dec.

1940: Dec.1941: Dec.1942: Dec.1943: Dec.1944: Dec.1945: Dec.1946: Dec.1947: Dec.1948: Dec.1949: Dec.

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

I960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec1966: Dec1967: Dec1968: Dec1969: Dec

1970: Dec1971: Dec1972: Dec1973: Dec....1974: Dec1975: Dec1976: Dec1977: Dec1978: Dec1979: Dec

1980: Dec1981: Dec1982: Dec...

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

fcJune..JulyAugSept....OctNovDec P....

1,6432,6692,612

2,3052,4046,03511,91419,61224,74424,74622,85823,97819,012

21,60625,44627,29927,10726,31726,85327,15626,18628,41229,435

29,06031,21733,21836,61039,87343,85346,86451,26856,61064,100

66,70874,25576,85185,64293,96799,651

107,632116,382129,330139,896

143,250151,920159,968

152,297150,554146,815150,361151,333152,140

153,468153,903153,324153,666156,151159,968

4462,4322,510

2,1882,2195,54911,16618,69323,70823,76721,90523,00218,287

20,34523,40924,40025,63924,91724,60224,76523,98226,31227,036

27,24829,09830,54633,72937,12640,88543,76048,89152,52957,500

61,68869,15871,09479,70186,67992,108100,328107,948117,344126,276

127,895137,796146,358

136,657136,050133,635136,649138,809139,814

141,623141,791140,962141,443143,442146,358

801953

35490265334157224134118

142657

1,593441246839688710557906

87149304327243454557238765

1,086

321107

1,0491,29870312762558874

1,473

1,617642699

1,5261,7131,6111,5811,1051,205

510976455579

413213125413482

1165333

75132174167237239

225119102864733

39614299

114180482658654702822729842607

1,1191,3801,3061,0271,1541,4121,7031,4941,5431,493

1,7251,9702,3682,5542,5042,5142,5472,1393,3165,514

4,6994,9904,7084,6436,5857,4167,2427,876

11,11212,147

13,73813,48212,911

14,11412,79111,56912,13111,41911,121

11,17611,60211,38611,76812,13012,911

2,3952,588

11,473

14,04912,81213,15212,74914,16816,02716,51717,26119,99016,291

17,39120,31021,18019,92019,27919,24019,53519,42018,89918,932

19,28320,11820,04020,74621,60922,71923,83025,26027,22128,031

29,26531,32931,35335,06836,94134,98935,13636,47141,57243,972

3 40,09741,91842,172

43,21041,28039,23039,55839,55239,567

39,86440,17739,96340,58741,19942,172

2,347* 1,822

6,462

7,4039,422

10,77611,70112,88414,53615,61716,27519,19315,488

16,36419,48420,45719,22718,57618,64618,88318,84318,38318,450

18,51419,55019,46820,21021,19822,26723,43824,91526,76627,774

28,99331,16431,13434,80636,60234,72734,96436,29741,44743,578

40,06741,60641,354

42,78540,98138,87339,28439,19239,257

39,57339,86639,57940,18340,79741,354

1 Beginning December 1959, part of currency and cash held by member banks allowed as reserves; beginning November 1960 all suchcurrency and cash allowed.

Beginning November 1972, includes reserve deficiencies on which Federal Reserve Banks were allowed to waive penalties for atransition period In connection with bank adaptation to Regulation J as amended effective November 9, 1972. Transition period endedafter second quarter 1974.

Effective November 1975, includes reserve deficiencies on which penalties are waived over a 24-month period when a nonmemberbank merges into an existing member bank, or when a nonmember bank joins the Federal Reserve System.2 Data are for licensed banks only.3 Includes all reserve balances of depository institutions plus vault cash at institutions with required reserve balances plus vault cashequal to required reserves at other institutions.4 Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (Thismeasure of excess reserves is comparable to the old excess reserves concept published historically.)



TABLE B-66.—Aggregate reserves of depository institutions and monetary base, J959-82

[Averages of daily figures; billions of dollars]

Year and month

1959- Dec .

I960- Dec1961- Dec1962- Dec1963- Dec1964- Dec

1965- Dec1966: Decig67- Dec1968- Dec .. .1969- Dec

1970- Dec1971- Dec1972: Dec1973- Dec . .1974- Dec

1975- Dec1976* Dec1977- Dec1978- Dec1979* Dec

1980- Dec1981* Dec1982- Dec"

1981:Jan .FebMar

MavJune

July

SeDtOctNovDec

1982:Jan ....FebMar . .AprMayJune

JulyAucSeDtOctNov0ecp

Adjusted for changes in reserve requirements'

Seasonally adjusted

Reserves of depository institutions

Total*

14.94

15.1315.6716.0416.4617.07

17.7717.8319.5120.7021.01

22.1323.5826.3227 6329.25

29.2929.8631.1732.8234.26

36.4637.9940.91

36 5236.5236 8537.02371837.20

37 2837 3437.7237 6037 6237.99

38.7138 2638 3638 4338.5038.58

38 5238 8039.5739.8840.4640.91

Nonbor-rowed

13.99

15.0615.5415.7816.1316.80

17.3317.3019.2819.9619.89

21.8023.4525.27263328.52

29.1629.8130.6031.9532.79

34.7737.3540.28

351235.2235 8535.6834 9535.17

35 60359236.2736 42369537.35

37.2036 4736 8036 8737.3937.37

37 8338 2938.6339.4039.8440.28

Required

14.43

14.3915.0915.4715.9716.66

17.3517.4919.1420.2820.72

21.8823.3926.0327 3328.99

29.0229.5930.9832.5933.93

35.9537.6740.39

361436.1736 5736.8536 9236.86

36.9437 0537.3137 3337 2737.67

38.3037 9637 99381638.1538.27

38 2138 4939.1839.4740.0640.39

Mone-tary

base3

44.3

44.545.747.149.451.9

54.756.860.564.867.9

72.077.184.290.398.3

104.5112.0121.4132.2142.5

155.0162.7175.1

155.4156.0156.7158.0158.5158.9

159.61600160.6160.81612162.7

164.3164.7165.2166 5167.7168.8

169.2170.1171.9172.8173.7175.1

Not seasonally adjusted

Reserves of depository institutions

Total2

15.22

15.4215.9616.3116.7117.32

18.0618.1619.8220.7221.00

22.1423.6326.3527.8529.59

29.7030.2731.6733.3734.83

37.1138.6641.59

38.0136.2836.2436.8836.8936.68

37.2437.0637.5237.7037 7838.66

40.0438.0537.8038 3338.1938.07

38.4338.5139.3540.0040.6841.59

Nonbor-rowed

14.28

15.3415.8216.0516.3817.06

17.6217.6319.5919.9719.88

21.8123 5125.3026 5528.86

29.5730.2231.1132.5033.35

35.4238.0340.96

36.6234.9735.2435.5434.6634.65

35.56356436.0636.5237.1238.03

38.5236.2636.2436.7637.0736.86

37.7438.0038.4239.5240.0640.96

Required

14.72

14.6715.3715 7416.2216.92

17 6417.82194520.2920.72

21.8923 4526.0627 5529.33

29.4330.00314833.1334.50

36.5938.3441.07

37 6435.9335.9636.7136.6336.35

36.9036 7737.1137.4237 4438.34

39.6237.7537.4438.0637.8337.76

38.1238.2038.9739.5940.2841.07

Mone-tary

base3

45.2

45 546.748150.452.9

55857961865.868.8

73.078285.4917

100.0

106 3114.1123 7134.8145.4

158 0165.8178.4

156 5154.3154 9157.0157.9158.4

160 5160 3160.2160 8162 6165.8

165.3162.9163.3165 6167.1168.2

170.0170 4171.4172.9175.1178.4

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

2 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with requiredreserve balances plus vault cash equal to required reserves at other institutions.

3 Includes reserve balances and required clearing balances at Federal Reserve Banks in the current week plus vault cash held twoweeks earlier used to satisfy reserve requirements at all depository institutions plus currency outside the U.S. Treasury, Federal ReserveBanks, the vaults of depository institutions, and surplus vault cash at depository institutions.


239


TABLE B-67.—Bond yields and interest rates, 1929-82

[Percent per annum]

Year ormonth

U.S. Treasury securities

(new

3-month 6-month

Constantmaturities2

years years

Corporatebonds

(Moody's)

Aaa Baa

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

Primecom-

mercial

months

Prime ratecharged by

banks *

Discountrate,

Federal

Bank ofNew York*

Federalfundsrate*

1929..

1933..

1939..

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

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

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

1955..1956..195719581959

19601961196219631964

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

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

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

1980..1981..1982..

0.515

.023

.014

.103

.326

.373

.375

.375

.375

.5941.0401.102

1.2181.5521.7661.931.953

1.7532.6583.2671.8393.405

2.9282.3782.7783.1573.549

3.9544.8814.3215.3396.677

6.4584.3484.0717.0417.886

5.8384.9895.2657.221

10.041

11.50614.07710.686

3.832

3.2472.6052.9083.2533.686

4.0555.0824.6305.4706.853

6.5624.5114.4667.1787.926

6.1225.2665.5107.572

10.017

11.37413.81111.084

2.471.63

2.473.193.982.844.46

3.983.543.473.674.03

4.225.235.035.687.02

7.295.655.726.957.82

7.496.776.698.299.72

11.5514.4412.92

2.852.40

2.823.183.653.324.33

4.123.883.954.004.19

4.284.925.075.656.67

7.356.166.216.847.56

7.997.617.428.419.44

11.4613.9113.00

4.73

4.49

3.01

2.842.772.832.732.72

2.622.532.612.822.66

2.622.862.963.202.90

3.063.363.893.794.38

4.414.354.334.264.40

4.495.135.516.187.03

8.047.397.217.448.57

8.838.438.028.739.63

11.9414.1713.79

5.90

7.76

4.96

4.754.334.283.913.61

3.293.053.243.473.42

3.243.413.523.743.51

3.533.884.714.735.05

5.195.085.024.864.83

4.875.676.236.947.81

9.118.568.168.249.50

10.619.758.979.49

10.69

13.6716.0416.11

4.27

4.71

ZM

2.502.102.362.061.86

1.671.642.012.402.21

1.982.002.192.722.37

2.532.933.603.563.95

3.733.463.183.233.22

3.273.823.984.515.81

6.515.705.275.186.09

6.896.495.565.906.39

8.5111.2311.57

5.895.82

5.816.256.466.977.80

8.457.747.607.968.92

9.009.009.029.56

10.78

12.6614.7015.14

5.85

1.73

.59

.56

.53

.66

.69

.73

.75

.811.031.441.49

1.452.16

• 2.332.521.58

2.183.313.812.463.97

3.852.973.263.553.97

4.385.555.105.907.83

7.715.114.738.159.84

6.325.345.617.99

710.91

12.2914.7611.89

5.50-6.00

1.50-4.00

1.50

1.501.501.501.501.50

1.501.50

1.50-1.751.75-2.00

2.00

2.072.563.003.173.05

3.163.774.203.834.48

4.824.504.504.504.50

4.545.635.616.307.96

7.915.725.258.03

10.81

7.866.846.839.06

12.67

15.2718.8714.86

5.16

2.56

1.00

1.001.00

M.00•1.0081.00

•1.00•1.00

1.001.341.50

1.591.751.751.991.60

1.892.773.122.153.36

3.533.003.003.233.55

4.044.504.195.165.87

5.954.884.506.447.83

6.255.505.467.46

10.28

11.7713.4211.02

1.782.733.111.573.30

3.221.962.683.183.50

4.075.114.225.668.20

7.184.664.438.73

10.50

5.825.045.547.93

11.19

13.3616.3812.26


240


TABLE B-67 .—Bond yields and interest rates, 1929-82—Continued

[Percent per annum]

Year ormonth

1980:JanFebMarApr.;;;;May....June...

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

...

...

...

Dec

1981:JanFebMar

tzz:June


1982:JanFebMar....ApeMay,...June...

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

U.S. Treasury securities

Bills(new

issues)1

3-month

12.03612.81415.52614.0039.1506.995

8.1269.259

10.32111.58013.88815.661

14.72414.90513.47813.63516.29514.557

14.69915.61214.95113.87311.26910.926

12.41213.78012.49312.82112.14812.108

11.9149.0068.1967.7508.0428.013

6-month

11.85112.72115.10013.6189.1497.218

8.1019.443

10.54611.56613.61214.770

13.88314.13412.98313.43415.33413.947

14.40215.54815.05714.01311.53011.471

12.93013.70912.62112.86112.22012.310

12.23610,1059.5398.2998.3196.225

Constantmaturities2

3years

10.8812.8414.0512.029.448.91

9.2710.6311.5712.0113.3113.65

13.0113.6513.5114.0915.0814.29

15.1516.0016.2215.5013.1113.66

14.6414.7314.1314.1813.7714.48

14.0012.6212.0310.629.989.88

10years

10.8012.4112.7511.4710.189.78

10.2511.1011.5111.7512.6812.84

12.5713.1913.1213.6814.1013.47

14.2814.9415.3215.1513.3913.72

14.5914.4313.8613.8713.6214.30

13.9513.0612.3410.9110.5510.54

Corporatebonds

(Moody's)

Aaa

11.0912.3812.9612.0410.9910.58

11.0711.6412.0212.3112.9713.21

12.8113.3513.3313.8814.3213.75

14.3814.8915.4915.4014.2214.23

15.1815.2714.5814.4614.2614.81

14.6113.7112.9412.1211.6811.83

Baa

12.4213.5714.4514.1913.1712.71

12.6513.1513.7014.2314.6415.14

15.0315.3715.3415.5615.9515.80

16.1716.3416.9217.1116.3916.55

17.1017.1816.8216.7816.6416.92

16.8016.3215.6314.7314.3014.14

High-grade

munici-pal

bonds(Stand-ard&

Poor's)

7.218.049.098.407.377.60

8.088.628.959.119.55

10.09

9.6510.0310.1210.5510.7310.56

11.0312.1312.8612.6711.7112.77

13.1612.8112.7212.4511.9912.42

12.1111.1210.619.599.979.91

New-home

mortgageviews

(FHLBB)3

11.8711.9312.6213.0313.6812.66

12.4812.2512.3512.6113.0413.28

13.2613.5414.0214.1514.1014.67

14.7215.2715.2915.6516.3815.87

15.2515.1215.6715.8415.8915.40

15.7015.6814.9814.4113.8113.70

Primecom-

mercialpaper.

months

12.6613.6016.5014.939.298.03

8.299.61

11.0412.3214.7316.49

15.1014.8713.5914.1716.6615.22

16.0916.6215.9314.7211.9612.14

13.3514.2713.4713.6413.0213.79

13.0010.8010.869.218.728.50

Prime ratecharged by

banks(high-low)4

15.25-15.2516.75-15.2519.50-16.7520.00-19.5019.00-14,0014.00-12.00

12.00-11.0011.50-11.0013.00-11.5014.50-13.5017.75-14.5021.50-17.75

21.50-20.0020.00-19.0019.00-17.5018.00-17.0020.50-18.0020.50-20.00

20.50-20.0020.50-20.5020.50-19.5019.50-18.0018.00-16.0015.75-15.75

15.75-15.7517.00-15.7516.50-16.5016.50-16.5016.50-16.5016.50-16.50

16.50-15.5015.50-13.5013.50-13.5013.50-12.0012.00-11.5011.50-11.50

Discountrate,

FederalReserveBank of

New York(high-low)*

12.00-12.0013.00-12.0013.00-13.0013.00-13.0013.00-12.0012.00-11.00

11.00-10.0010.00-10.0011.00-10.0011.00-11.0012.00-11.0013.00-12.00

13.00-13.0013.00-13.0013.00-13.0013.00-13.0014.00-13.0014.00-14.00

14.00-14.0014.00-14.0014.00-14.0014.00-14.0014.00-13.0013.00-12.00

12.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.0012.00-12.00

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

Federalfundsrate5

13.8214.1317.1917.6110.989.47

9.039.61

10.8712.8115.8518.90

19.0815.9314.7015.7218.5219.10

19.0417.8215.8715.0813.3112.37

13.2214.7814.6814.9414.4514.15

12.5910.1210.319.719.208.95

1 Rate on new issues within period; bank-discount basis.3 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department.'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.«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.

8 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.

7 Beginning November 1979, data are for 6-months paper.

Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Home Loan Bank Board (FHLBB),Moody's Investors Service, and Standard & Poor's Corporation.


TABLE B-68.—Consumer credit outstanding and net change, 1930-82

[Millions of dollars]

Year and month

Amount outstanding (end of month)

Total

Installment credit l

Total Auto-mobile

Revolv-ing 2 Mobile

home8 Other

Nonin-stallmentcredit4

Net change from preceding period

Total

Installmentcredit»

Total Auto-mobile

Nonin-stallmentcredit4

1950: Dec1951: Dec1952: Dec1953: Dec1954: Dec1955: Dec1956: Dec1957: Dec1958: Dec1959: Dec

I960: Dec1961: Dec1962: Dec1963: Dec1964: Dec1965: Dec1966: Dec1967: Dec1968: Dec1969: Dec

1970: Dec1971: Dec1972: Dec1973: Dec1974: Dec1975: Dec1976: Dec1977: Dec1978: Dec...1979: Dec

1980: Dec.1981: Dec

1981:JanFebMar....

%~June...

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

1982:JanFebMar...,AprMay....June...

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

25,64127,26832,55136,73638,19245,34849,26852,19152,70260,741

65,10467,63573,91782,80592,591

103,207109,749115,430126,949137,742

143,113157,795177,639203,077213,427223,140248,916289,133337,917383,363

388,239413,544

384,847383,232385,685388,857391,077394,531

397,210401,449406,234406,670407,970413,544

409,444406,682406,520408,109409,500412,599

413,366415,140417,624417,422419,768

15,50316,22020,47024,25424,89130,26933,17135,44335,33941,123

45,05146,02750,99457,82965,57273,88179,33983,14891,681101,161

105,528118,255133,173155,108164,594171,996193,525230,564273,645312,024

313,472333,375

310,760309,385311,071313,669315,679318,792

320,656324,161328,187328,652329,053333,375

330,135327,435327,131328,363329,338331,851

332,471333,808335,948334,977336,991

6,0155,9587,6359,6859,747

13,47114,48415,47214,25816,632

18,08317,59919,92422,84225,81729,35530,99231,13134,34836,946

36,32540,51947,86253,77254,26657,24267,70782,911

101,647116,362

116,838126,431

115,778116,195118,049119,076119,582120,400

121,476123,481125,703126,344126,385126,431

125,525125,294125,559126,201127,220128,415

128,359128,281129,085128,619129,594

2,1053,720

5,1288,5289,700

11,70913,68115,01917,18939,27448,30956,937

58,35263,049

57,55656,04755,35655,71655,82056,798

56,76457,28058,31858,45158,92363,049

61,43359,51458,49158,64158,64759,302

59,82460,47560,93260,91761,500

2,4617,2269,52613,58014,64214,43414,57314,94515,23516,838

17,32218,486

17,20217,11317,16217,34217,57617,704

17,76017,95918,12418,30018,38018,486

18,39718,34318,36318,40218,47918,543

18,60118,74118,77818,81418,821

9,48810,26212,83514,56915,14416,79a18,68719,97121,08124,491

26,96828,42831,07034,98739,75544,52648,34752,01755,22860,495

61,61461,98266,08576,04782,00585,30194,05693,434108,454121,887

120,960125,409

120,224120,030120,504121,535122,701123,890

124,656125,441126,042125,557125,365125,409

124,780124,284124,718125,119124,992125,591

125,687126,311127,153126,627127,076

10,13811,04812,08112,48213,30115,07916,09716,74817,36319,618

20,05321,60822,92324,97627,01929,32630,41032,28235,26836,581

37,58539,54044,46647,96948,83351,14455,39158,56964,27171,339

74,76780,169

74,08773,84774,61475,18875,39875,739

76,55477,28878,04778,01878,91780,169

79,30979.24779,38979,74680,16280,748

80,89581,33281,67682,44582,777

4,7891,6275,2834,1851,4567,1563,9202,923

5118,039

4,3632,5316,2828,8889,786

10,6166,5425,681

11,51910,793

5,37114,68219,84425,43810,3509,713

25,77640,21748,78445,446

3,271717

4,2503,784

6375,3782,9022,272-1045,784

3,928976

4,9676,8357,7438,3095,4583,8098,5339,480

4,36712,72714,91821,9359,4867,402

21,52937,03943,08138,379

1,537- 5 7

1,6772,050

623,7241,013

988-1,214

2,374

1,451- 4 8 42,3252,9182,9753,5381,637

1393,2172,598

-6214,1947,3435,910494

2,97610,46515,20418,73614,715

4,876 1,448 47625,305 19,903 9,593

Seasonally adjusteds

1,7041,9623,2083,5182,0782,708

2,7912,5573,430

5841,212

432

1,620-516

5542,0582,0012,279

992-1491,138

542,656

1,2061,8452,9712,7221,5712,031

1,5512,4282,9751,002600-33

44375990

1,1751,3991,349

57066

1,092-3242,523

31831

1,526648

-114149

1,0561,8592,0791,02456468

-121-56-28233959655

61-402505-781,816

1,518910

1,033401819

1,7781,018651615

2,255

4351,5551,3152,0532,0432,3071,0841,8722,9861,313

1,00419554,9263,503864

2,3114,2473,1785,7037,067

3,4285,402

498117237796507677

1,240129455

- 4 1 8612465

1,177-591- 4 3 6

883602930

422- 2 1 5

46378133

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.

a Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in other. Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.

4 Because of inconsistencies in the data and infrequent benchmarking, series on noninstallment credit is no longer published by theFederal Reserve Board on a regular basis. Data are shown here as a general indication of trends.

o For installment credit, computed as the difference between extensions and liquidations (both seasonally adjusted); see also TableB-69. For noninstallment credit, computed as the change from one month to another in the seasonally adjusted amount outstanding.


242


TABLE B-69.—Consumer installment credit extended and liquidated, 1950-82

[Millions of dollars; monthly data seasonally adjusted]

Year or monthTotal

Ex-tended

Liqui-dated

Automobile

Ex-tended

Liqui-dated

Revolving *

Ex-tended

Liqui-dated

Mobile home2

Ex-tended

Liqui-dated

Other

Ex-tended

Liqui-dated

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

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

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

1980...,1931...,

1981:Jan..,Feb..Mar.,

feJune,July.Aug.SeptOct..Nov.Dec.

1982:Jan..Feb..Mar.Apr..May.JuneJuly.Aug.SeptOct..Nov.

22,13024,58330,61632,57932,26540,26340,88643,10140,95649,134

50,82750,59857,56264,66072,44579,91883,82189,058

101,426109,422

115,007138,046152,275173,035172,765180,083210,740257,600297,668324,777

306,076336,341

27,46628,68229,37029,27128,37729,223

28,29028.32329,40626,83627,37026,656

26,88827,15027,46228,68429,19729,737

27,51427,57928,26828,06231,610

18,86123,86726,35528,79431,62534,88237,89940,75941,29043,395

47,02249,73552,60157,82264,61671,61678,36585,19492,07599,945

110,352127,789136,787152,817163,276172,675189,179222,138254,589286,396

304,628316,447

26,26026,83726,39926,54926,80627,192

26,73925,89526,43125,83426,77026,689

26,44527,07526,47227,50927,79828,388

26,94427,51327,17628,38629,087

8,4458,951

11,61012,74011,74116,73215,57216,55414,28718,008

18,11216,47720,16422,61724,79227,91327,84427,62332,22833,686

30,85736,70643,70249,60646,51452,42063,74375,64187,98193,901

83,45494,404

7,3438,2298,4997,4597,3847,515

8,0598,3969,0007,4908,0737,352

7,4747,2837,1837,8718,4298,182

7,3327,1127,5467,97010,329

6,9069,0089,93210,68911,67913,00814,55915,56715,50115,638

16,66116,96017,84019,69921,81524,38626,20627,48229,01331.090

31,41432,51238,08143,69646,01949,44453,27860,43769,24579,186

82,97784,809

7,3127,3986,9736,8117,4987,366

7,0036,5376,9216,4667,5097,284

7,5957,3397,2117,6387,4707.5277,2717,5147,0418,0488,513

3,4816,182

8,68921,86224,65928,70233,21336,95643,93487,596105,125120,174

128,068140,135

11,53511,73811,62012,38311,87612,658

11,70611,66312,26311,75311,37911,592

11,07011,73012,14312,41612,52813,361

12,55112,49712,46412,34012,489

2,7264,567

7,27820,81823,48526,69931,24335,61641,76481,34896,090111,546

126,653135,438

10.94411,41911,11011,44311,52011,651

11,59011,48611,69211,42911,35811,533

11,26611,88511,83611,91711,99112,85411,93912,35412,25412,23212,382

6122,5215,1217,0615,7884,3264,8595,7125,4126,471

5,0936,028

392405616593620509

445520532475479508

434364411544478459

441581452476484

4781,7542,9754,1844,7204,5364,7205,3415,1264,868

4,6104,867

451492552410372399

386364375353404365

460408396493408392

378440442480444

13,68515,63219,00619,83920,52423,53125,31426,54726,66931,126

32,71534,12137,39842,04347,65352,00555,97761,43565,71769,554

74,84976,95778,79387,66687,25086,38198,20488,65199,150104,231

89,46195,774

8,1968,3108,6358,8368,4978,541

7,7447,6117,1187,4397,204

7,9107,7737,7257,8537,7627,735

7,1907,3897,8067,2768,308

11,95514,85916,42318,10519,94621,87423,34025,19225,78927,757

30,36132,77534,76138,12342,80147,23052,15957,71260,33664,288

71,18872,70572,24678,23881,29483,07989,41775,01284,12890,796

90,38891,333

7,5537,5287,7647,8857,4167,776

7,7607,5087,4437,5867,4997,507

7,1247,4437,0297,4617,9297,615

7,3567,2057,4397,6267,748

1 Consists of credit cards at retailers, gasoline companies, 2nd commercial banks, and check credit at commercial banks. Prior to1968, included in "other," except gasoline companies, included in noninstallment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in ''other/' Also beginning 1977, some retail credit was reclassified from commercial intoconsumer credit.

2 Not reported separately prior to July 1970.Note.—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.

Liquidated credit includes repayments, chargeoffs, 2nd other credit.See also Table 6-68.Source: Board of Governors of the Federal Reserve System.


TABLE B-70.—Mortgage debt outstanding by type of property and of financing, 1939-82


End of yearor quarter

Allproper-

ties

35.5

36.537.636.735.334.7

35.541.848.956.262.7

72.882.391.4

101.3113.7

129.9144.5156.5171.8190.8

207.5228.0251.4278.5305.9

333.3356.5381.2410.9441.4

474.2526.5603.4681.6744.3

806.1893.0

1,022.61,173.61,337.7

1,471.81,583.5

1,371.11,398.11,435.51,471.8

1,497.61,533.21,561.61,583.5

1,602.81,624.21,635.8

Farmproper-

ties

6.6

6.56.46.05.44.9

4.84.95.15.35.6

6.16.77.2778.2

9.09.8

10.411.112.1

12.813.915.216.818.9

21.223.125.127.429.2

30.332.235.841.346.3

51.156.663.670.882.7

92.0101.7

86.089.090.692.0

94.597.5

100.0101.7

103.6105.5106.7

Nonfarm properties

Total

28.9

30.031.230.829.929.7

30.836.943.950.957.1

66.775.684.293.6

105.4

120.9134.6146.1160.7178.7

194.7214.1236.2261.7287.0

312.1333.4356.1383.5412.2

443.8494.3567.7640.3698.0

755.0836.4958.9

1,102.81,255.1

1,379.81,481.8

1,285.11,309.01,344.91,379.8

1,403.11,435.71,461.61,481.8

1,499.21,518.71,529.1

1- to 4-familyhouses

16.3

17.418.418.217.817.9

18.623.028.233.337.6

45.251.758.566.175.7

88.299.0

107.6117.7130.9

141.9154.6169.3186.4203.4

220.5232.9247.3264.8283.2

298.1328.3372.2415.5451.2

495.0560.7657.8770.6891.1

987.01,060.5

914.3931.6960.7987.0

1,004.01,028.31,047.61,060.5

1,071.91,085.21.092.3

Multi-familyproper-

ties

5.6

5.75.95.85.85.6

5.76.16.67.58.6

10.111.512.312.913.5

14.314.915.316.818.7

20.323.025.829.033.6

37.240.343.947.352.2

60.170.1B2.S93.1

100.0

100.6104.5111.5120.7128.4

137.1141.4

130.0132.4134.6137.1

138.1139.3140.2141.4

142.9143.8144.7

Com-mercialproper-ties1

7.0

6.97.06.76.36.2

6.47.79.1

10.210.8

11.512.513.414.516.3

18.320.723.226.129.2

32.436.541.146.250.0

54.560.164.871.476.9

85.695.9

1127131.7146.9

159.3171.2189.6211.4235.6

255.7279.9

240.9245.1249.6255.7

261.0268.1273.7279.9

284.4289.7292.2

Nonfarm properties by type of mortgage

Government underwritten

Total2

1.8

2.33.03.74.14.2

4.36.39.8

13.617.1

22.126.629.332.136.2

42.947.851.655.259.3

62.365.669.473.477.2

81.284.188.293.4

100.2

109.2120.7131.1135.0140.2

147.0154.1161.7176.4199.0

225.1239.0

207.5211.6218.9225.1

229.1233.6237.0239.0

240.6

1- to 4-family houses

Total

1.8

2.33.0374.14.2

4.36.19.3

12.515.0

18.822.925.428.132.1

38.943.947.250.153.8

56.459.162.265.969.2

73.176.179.984.490.2

97.3105.2113.0116.2121.3

1277133.5141.6153.4172.9

195.2207.6

180.8184.1190.0195.2

198.8202.7205.9207.6

209.0

FHAinsured

1.8

2.33.03.74.14.2

4.1373.85.36.9

8.597

10.812.012.8

14.315.516.519.723.8

26729.532.335.038.3

42.044.847.450.654.5

59.965.768.266.265.1

66.166.568.071.481.0

93.6101.3

86.087.490.693.6

95.798.1

100.0101.3

102.0

VAguar-

anteed

I0.22.45.57.28.1

10.313,214.616.119.3

24.628.430.730.430,0

29.729.629.930.930.9

31.131.332.533.835.7

37.339.544.750.056.2

61.667.073.682.092.0

101.6106,2

94.896799.4

101.6

103.1104.6105.9106.2

107.0

Conventional3

Total

27.1

27.728.227.125.825.5

26.530.634.137.340.0

44.749.154.961.569.3

78.086.894.6

105.5119.4

132.3148.5166.9188.2209.8

231.0249.3267.9290.1312.0

334.6373.5436.5505.3557.8

608.0682.3797.2926.4

1,056.1

1,154.71,242.8

1,077.61,097.41,126.01,1547

1,174.01,202.01,224.61,242.8

1,258.6

1- to 4-familyhouses

14.5

15.115.414.5137137

14.316.918.920.822.6

26.328.933.238.043.6

49.355.160.467.677.0

85.595.5

107.1120.5134.1

147.4156.9167.4180.4193.0

200.8223.1259.2299.2329.9

367.3427.1516.2617.3718.1

791.8852.9

733.4747.5770.7791.8

805.2825.68417852.9

862.9

1939

1940..,..1941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981

1980:IIIIllIV

1981:|II .."IIIIIV

1982:

in""!!!;

1 Includes negligible amount of farm loans held by savings and loan associations.2 Includes FHA insured multifamily properties, not shown separately.8 Derived figures. Total includes multifamily and commercial properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.

244


TABLE B-71-—Mortgage debt outstanding by bolder, 1939-82



1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981

1980:I.||IllIV

1981:IIIIllIV

1982:

||HI

Total

35.5

36.537.636 735.334.7

35.541.848 956.262.7

72.882 3914

101.3113.7

129 9144.515651718190.8

207 5228.0251.4278 5305.9

333 3356.5381.24109441.4

474 2526 5603.4681.6744 3

806.1893 0

1,022.61,173.61,337.7

1,471.81,583.5

1,371.11,398.11,435 51,471.8

1,497.61,533.21,561.61,583.5

1,602.81,624.21,635.8

Major financial institutions

Total

18.6

19.520.720.720.220.2

21.026.031.837.842.9

51.759.566.975.185.7

99.3111.2119.7131.5145.5

157.6172.6192.5217.1241.0

264.6280.8298.8319.9339.1

355.9394.2450.0505.4542.6

581.2647.5745.0848.2938.6

997.21,040.6

951.2958.8977.5997.2

1,006.91,023.11,033.81,040.6

1,041.51,042.71,028.8

Savingsand loanassocia-

tions

3.8

4.14.64.64.64.8

5.47.18.9

10.311.6

13.715.618.422.026.1

31435.740.045.653.1

60168.878.890.9

101.3

110 3114.4121.8130.8140.2

150.3174.3206.2231.7249.3

278.6323.0381.2432.8475.7

503.2518.4

479.0481.1492.1503.2

507.6515.3518.8518.4

515.9512.7495.4

Mutualsavingsbanks

4.8

4.94.84.64.44.3

4.24.44.95.86.7

8.39.9

11.412.915.0

17.519.721.223.325.0

26.929.132.336.240.6

44.647.350.553.556.1

57.962.067.673.274.9

77,281.688.195.298.9

99.9100.0

99.299.299.399.9

99.7100.010O.O100.0

97.596.394.2

Commer-cial

banks i

4.3

4.64.94.74.54.4

4.87.29.4

10.911.6

13.714.715.916.918.6

21.022.723.325.528.1

28.830.434.539.444.0

49.754.459.065.770.7

73.382.599.3

119.1132.1

136.2151.3179.0214.0245.2

263.0284.5

250.7253.0258.0263.0

266.7273.2279.0284.5

289.4294.0298.3

Lifeinsur-ancecom-

panies

5.7

6.06.46.76.76.7

6.67.28.7

10.812.9

16.119.321.323.326.0

29.433.035.237.139.2

41.844.246.950.555.2

60.064.667.570.072.0

74.475.576.981.486.2

89.291.696.8

106.2118.8

131.1137.7

122.4125.6128.1131.1

132.9134.7136.0137.7

138.8139.5140.8

Other holders

Federaland

relatedagen-cies2

5.0

4.94.74.33.63.0

2.42.01.81.82.3

2.83.54.14.64.8

5.36.27.78.0

10.2

11.512.212.611.812.2

13.517.520.925.131.1

38.346.454.664.882.1

101.0116.6f40.3170.4215.7

256.6289.1

228.6238.2247.1256.6

263.5271.4279.9289.1

301.0315.1333.2

Individ-uals andothers

11.9

12.012.211.711.511.5

12.113.815.316.617.5

18.419.320.421.723.2

25.327.129.132.335.1

38.443.146.349.552.7

55.258.261.465.971.2

79.985.998.9

111.4119.7

123.8128.9137.2155.0183.4

218.1253.8

191.4201.1210.9218.1

227.2238.6247.9253.8

260.3266.4273.8

1 Includes loans held by nondeposit trust companies, but not by bank trust departments.2 Includes former Federal National Mortgage Association (FNMA) and new Government National Mortgage Association (GNMA), as well

as Federal Housing Administration, Veterans Administration, Public Housing Administration, Farmers Home Administration, and in earlieryears Reconstruction Finance Corporation, Homeowners Loan Corporation, and Federal Farm Mortgage Corporation. A!so includes GNMAPools and U.S.-sponsored agencies such as new FNMA, Federal Land Banks, and Federal Home Loan Mortgage Corporation. Other U.S.agencies (amounts small or current separate data not readily available) included with "individuals and others.

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


GOVERNMENT FINANCE

TABLE B-72.—Federal budget receipts, outlays, and debt, fiscal years 1973-84

[Millions of dollars; fiscal years]

Description

BUDGET RECEIPTS AND OUTLAYS:

Total receipts

Federal fundsTrust funds

Interfund transactions

Total outlays

Federal fundsTrust funds

Interf und transactions

Total surplus or deficit ( - )

Federal funds

Trust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agenciesHeld by the public

Federal Reserve SystemOther

BUDGET RECEIPTSIndividual income taxesCorporation income taxesSocial insurance taxes and contribu-

tionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by FederalReserve System

AH otherBUDGET OUTLAYS

National defenseInternational affairsGeneral science, space, and technol-, ogyEnergyNatural resources and environmentAgricultureCommerce and housing creditTransportation...Community and regional development..Education, training, employment, and

social servicesHealthIncome securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interestAllowancesUndistributed offsetting receipts

Composition of undistributed offset-tine receipts:

Employer share, employee retire-ment

Rents and royalties on the OuterContinental Shelf

1973

230,799

161,35790,76621,325

245,647

186,95180,021

-21,325

= 14,849

=25,59310,745

468,426

125,381343,045

75,181267,863

230,799

103,24636,153

63,11516,2604,9173,188

3,495425

245,647

74,5414,066

4,0301.1794,7634,852

9249,0654,595

12,73517,40572,96512,0132,1312,5687351

17,346

-6,882

-2,927

-3,956

1974

263,224

181,219103,138

-21,133

267,912

199,91889,126

= 21,133

-4,688

14,011

486,247

140,194346,053

80,648265,405

263,224

118,95238,620

75,07116,8445,0353,334

4,845523

267,912

-10,068

=3,319

-6,748

1975

279,090

187,505116,683-25,098

324,245

240,081109,261-25,098

-=45,154

-52,5767,422

544,131

147,225396,906

84,993311,913

279,090

122,38640,621

84,53416,5514,6113,676

5,777935

324,245

77,7815,681

3,977837

5,6702,2273,9259,1724,134

12,34420,36484,43713,3862,4623,2436,890

21,449

85,5526,922

3,989

MS1,6595,607

10,3883,738

15,87025,742

108,57616,5972,9423,1337,187

23,244

=6,408

-3,980

-2.428

Actual^

1976

298,060

201.099131,750-34,789

364,473

269,921129,341-=34,789

= 66,413

-68,8222,409

631,866

151,566480,300

94,714385,586

298,060

131,60341,409

90,76916,9635,2164,074

5,4512,576

364,473

89,4305,554

4,3703,1278,124215023,792

13,4354,767

18,73731,503127,39018,4323,3202,9487,235

26,711

^6,904

-4,242

=2,662

Transitionquarter

81,232

54,08531,530-4,383

94,188

65,08833,482-4,383

-12,956

-11,004-=1,952

646,379

148,052498,327

96,702401,625

81,232

38,8018,460

25,2194,4731,4551,212

1,500111

94,188

22,3072,191

1,161794

2,532584

1,3923,3041,340

5,1628,181

32,7973,962859883

2,0926,946

-2,296

=985

-1,311

1977

355,559

241,312150,560= 36,313

400,506

295,756141,063-36,313

=44,948

=54,4449,496

709,138

157,295551,843

105,004446,839

355,559

157,62654,892

106,48517,5487,3275,150

5,908623

400,506

97,5014,819

-6,922

-4,548

-2,374

1978

399,561

270,490165,568=36,498

448,368

331,991152,874-36,498

=48,807

=61,50112,694

780,425

169,477610,948

115,480495,468

399,561

180,98859,952

120,96718,3765,2856,573

6,641778

448,368

105,1865,922

4,6774,172

10,0005,526

9814,6366,348

20,98536,582

137,90018,0383,6003,1699,499

29,877

4,7425,861

10,9257,7313,331

15,44511,070

26,46341,232

146,18018,9743,8023,7069,601

35,435

- 7,242

-4,983

=2,259



TABLE B-72.—Federal budget receipts, outlays, and debt, fiscal years 1973-84—Continued

[Millions of dollars; fiscal years]

DescriptionActual

1979 1980 1981 1982

Estimates

1983 1984

BUDGET RECEIPTS AND OUTLAYS:

Total receipts

Federal fundsTrust fundsInterfund transactions..

Total outlays..

Federal fundsTrust fundsInterf und transactions....

Total surplus or deficit ( - ) . .

Federal funds...Trust funds

OUTSTANDING DEBT, END OF PERIOD:

Gross Federal debt

Held by Government agencies..Held by the public

Federal Reserve System..Other

463,302

316,366186,988-40,052

490,997

362,396168,653-40,052

-27,694

-46,03018,335

833,751

189,162644,589

115,594528,996

517,112

350,856210,930-44,674

576,675

419,220202,129-44,674

-59,563

-68,3648,801

914,317

199,212715,105

120,846594,259

599,272

410,422239,413-50,563

657,204

475,171232,596-50,563

-57,932

-64,7496,817

1,003,941

209,507794,434

124,466669,968

617,766

409,253268,407-59,894

728,375

526,113262,155-59,894

-110,609

-116,8606,252

1,146,987

217,560929,427

134,497794,929

597,494

376,945314,755-94,206

805,202

603,047296,361-94,206

-207,708

-226,10218,393

1,383,744

239,3171,144,427

659,702

404,745330,210-75,253

848,483

610,467313,269

-75,253

-188,781

-205,72116,941

1,606,339

258,9121,347,427

BUDGET RECEIPTS...

Individual income taxesCorporation income taxesSocial insurance taxes and contributionsExcise taxesEstate and gift taxesCustoms dutiesMiscellaneous receipts:

Deposits of earnings by Federal ReserveSystem

Allother

BUDGET OUTLAYS..

National defenseInternational affairsGeneral science, space, and technologyEnergy .\Natural resources and environmentAgricultureCommerce and housing creditTransportationCommunity and regional developmentEducation, training, employment, and social serv-

ices ,HealthIncome securityVeterans benefits and servicesAdministration of justiceGeneral governmentGeneral purpose fiscal assistanceNet interestAllowancesUndistributed offsetting receipts

463,302

217,84165,677

138,93918,7455,4117439

8,327925

490,997

117,6816,0915,0416,856

12,0916,2382,579

17,4599,542

29,68546,962

160,15919,9284,1534,0938,372

42,606

517,112

244,06964,600

157,80324,3296,3897,174

11,767981

576,675

135,85610,7335,7226,313

13,8124,7627,788

21,12010,068

30,76755,220

193,10021,1834,5704,5058,584

52,458

599,272

285,91761,137182,72040,8396,7878,083

12,834956

657,204

159,76511,1306,35910,27713,5255,5723,946

23,3819,394

31,40265,982

225,10122,9884,6964,6146,856

68,726

617,766

297,74449,207

201,49836,3117,9918,854

15,186975

728,375

187,4189,9827,0704,67412,93414,8753,865

20,5607,165

26,30074,017

248,34323,9554,6714,7266,393

84,697

597,494

285,19435,286

210,31337,2576,1148,819

13,4061,105

805,202

214,76911,9397,7594,506

12,08721,0751,928

21,8767,373

26,67682,362

282,47224,4115,2735,7946,38288,936

Composition of undistributed offsetting receipts:Employer share, employee retirementRents and royalties on the Outer Continental

Shelf

- 8 , 5 3 8

-5,271

-3,267

-9,887

-5,787

-4,101

-16,509

-6,371

-10,138

-13,270

-7,020

-6,250

-20,414

-8,214

-11,793

659,702

295,58951,770

242,93740,353

5,9029,137

12,8191,195

848,483

245,30513,2508,2503,3069,832

12,150413

25,1456,951

25,25690,647

282,42225,7245,4915,9936,968

103,180949

-22,750

-9,853

-11,895

Note.—Under provisions of the Congressional Budget Act of 1974,1 . . . , . . . . . . . .fiscal year 1977. 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 period July 1,1976 through September 30, 1976 is a separate fiscal periodknown as the transition quarter.

Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1984" for additional information.Sources: Department of the Treasury and Office of Management and Budget.


TABLE B-73.—Federal budget receipts and outlays, off-budget outlays, and debt, fiscal years 1929-84


Fiscal year

1929

1933

1939

19401941194219431944

19451946 . . .194719481949

19501951195219531954

19551956195719581959

I9601961196219631964

1965196B196719681969

19701971197219731974

19751976Transition quarter..197719781979

1980198119821983*1984*

Budget

Receipts

3.9

2.0

5.0

6.48.6

14.423.644.3

45.239.338.441.839.4

39.551.666.269.669.7

65.574.580.079 679.2

92 594,499.7

106.6112.7

116 81309148 9153.0186.9

192 81871207.3230.8263.2

279.1298181.2

3556399.6463.3

517.1599.3617.8597 5659.7

Outlays

3.1

4.6

8.8

9.513.635.178.591.3

92.755.234.529.838.8

42.645.567.776.170.9

68.570.576.782.692.1

92 297.8

106.8111.3118.6

118 4134 7157 6178.1183.6

1957210.2230.7245.6267.9

324.2364.594.2

4005448.4491.0

576.7657.2728.4805.2848.5

Surplus ordeficit( ->

.7

=2.6

-3 .9

31-5 .0

-20.8-54.9

47 0

-47.5-15.9

3.912 0

.6

316.1

= 15=6.5-1 .2

= 3 04.13.2

=-2 9-12.9

3=3.4- 7 1

48-5 .9

16- 3 8

87-25.2

3.2

2823 0

-23.4-14.8=4.7

=45.266413.0449

-48.827.7

-59,6-57.9110 6207 7

-188.8

Off-budgetoutlays

0.11.4

8.1731.887

10.412.5

14.221.017.317.014.0

Budgetand off-budget

surplus ordeficit( ->

-14.9=6.1

-53.2=73.7= 14.7= 536= 59.2

40.2

-73.878.9

-127.9=224.8=202.8

Gross Feder.ofpe

Total

U6.9

*22.5

48.2

50.757.579.2

142.6204.1

2601271.0257.1252 0252.6

256.9255.32591266.0270.8

274 4272.8272.42797287.8

290 9292.9303.3310.8316.8

323 2329 53413369.8367.1

3826409.5437.3468.4486.2

544.1631.9646.47091780.4833.8

914.31,003.91,147.01,383.71,606.3

il debt (endrlnA\

Held bythe public

41.4

42.848.267.8

127.8184.8

235.2241.9224.3216 3214.3

219.0214.3214 8218.4224.5

226.6222.2219.4226 4235.0

237.2238.6248.4254.5257.6

2616264.7267 5290.6279.5

284 9304 3323.8343.0346.1

396.9480.3498.35518610.9644.6

715.1794.4929.4

1,144.41,347.4

1 Not strictly comparable with later data.* Estimates.Note.—Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with

fiscal year 1977. 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 aseparate fiscal period known as the transition quarter.

Data for 1929-39 are according to the administrative budget and those beginning 1940 according to the unified budget.Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1984" for additional information.Sources: Department of the Treasury and Office of Management and Budget.

248


TABLE B-74.—Relation of Federal Government receipts and expenditures in the national income and

product accounts to the unified budget, fiscal years 1982-84

[Billions of dollars; fiscal years]

Receipts and expenditures 1982

Estimate

1983

RECEIPTSTotal budget receipts....

Government contribution for employee retirement (grossing)..Other netting and grossingAdjustment to accrualsGeographic exclusions ...Other

Federal sector, national income and product accounts, receipts

EXPENDITURESTotal budget outlays

Lending and financial transactionsGovernment contribution for employee retirement (grossing)...Defense timing adjustmentBonuses on Outer Continental Shelf land leases..Geographic exclusionsOther

Federal sector, national income and product accounts, expenditures..

617.8

10.79.3

-18 .2- 1 . 6

.2

618.2

728.4

739.7

597.5

12.211.78.2

- 1 . 7.0

627.9

805.2

829.0

659.7

14.013.9- . 3

-1 . 9.2

685.6

848.5

- 5 . 310.79.3

- 1 . 22.7

- 4 . 6- .3

- 3 . 812.211.7

- 1 . 78.3

- 4 . 81.9

- 3 . 814.013.9

- 2 . 57.9

- 4 . 94.2

877.3

Note.-See Note, Table B-73.See Special Analysis B, "Special Analyses, Budget of the United States Government, Fiscal Year 1984" for description of these

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

Budget.

249


TABLE B-75.—Government receipts and expenditures, national income and product accounts, 1929-82


Calendar year or quarter

1929

1933

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I96019611962 ,1963196419651966196719681969

1970197119721973197419751976197719781979

198019811982p

1980:1

IllIV

1981:

||IIIIV

1982:

||IllIV

Total government

Receipts

11.3

9.3

15.4

17.725.032.649.251.253.251.056.958955.9

69.085 290.194 689.9

1011109.7116 2115.0129.4

139.5144.8156.7168.5174.0188.3212 3228.22631296.7

302.8322.6368 3413.1455 2470.5538.4605 46819765,1

838.0957.3968.4

814.6809.2842.8885.2

939.8951.5974.3963.6

951.1966.2972 2

Expendi-tures

10.3

10.7

17.6

18.428.864.093.3

103 092.745 642.550559.3

61.079 293.9

101697.098 0

104.51152127.6131.0

136.4149.1160.5167.8176.3187.8213 6242.42691286.8

313.4342.03716405.3460 0534.3574.9623 36811750.8

871.2985.5

1,084.5

825.2853.4888 8917.4

948.1959.1998 7

1,036.1

1,041.81053.71095 91,146.7

Surplus ordeficit

nationalincome

andproductaccounts

1.0

- 1 . 4

-2 .2

=.7=3.8

=31.4=44.1= 51.8= 39.5

5414.484

=3.4

8.061

- 3 . 8- 6 9-7.1315.2

9= 12.6

'••-1.6

3.1=4.3= 3.8

- 2 . 3

-1*3-14.2=60

9.9

= 10.6= 19.4

7.8= 4 7

=63.8=36.5- 4 7 8

814.3

=33.2-28.2116.1

-=10.6=44.2=45 9

32 2

- 8 . 3- 7 . 6

=24 5- 7 2 5

90.7-87.5123 7

Federal Government

Receipts

3.8

2.7

6.7

8.615.422.939.341.042.539.143.243,238.7

50.064367.370 063.772 678.081978.789.8

96.198.1

106.2114.4114.9124.31418150.5174 4196.9

191.9198.6227 5258.6287 8287.3331.8375 24316493.6

540.7628.2614.7

525.7520.2542.4574.6

620.0627.0640.2625.7

609.9617.0613.7

Expendi-tures

2.6

4.0

8.9

10.020.556.185.895.584.635.629.834.941.3

40.857 871.177169.868171.979 688.991.0

93.1101.9110.4114.2118.2123.8143 6163.7180.5188.4

204.3220.6244 3264.2299 3356.6384.842114610509.7

602.1688.2762.6

565.4587.7615.4639.9

659.7667.5698.2727.4

728.3736.6769.7815.9

Surplus ordeficit

nationalincome

andproduct

accounts

1.2

= 1.3

=2.2

= 1.3= 5.1

= 33.146.6

-54.54213.5

13.48.3

=2.6

9.265

-3 .7-7 .1=6,0

4.46.12.3

-10.3= 1.1

3.0=3.9=4.2

= 3.3

= 1.8= 13.2- 6 . 0

8.4

= 12.4=22.0-16.8

=5.6= 11.5=69.3=53.1-45.9- 2 9 5

16.1

=61.4-60.0

-147.9

-39.7-67.5-73.1=65.2

-39.7-40.5

58.0-101.7

-118.4-119.6-156.0

State and localgovernment

Receipts

7.6

7.2

9.6

10.010.410.610.911.111.613.015.417.719.5

21.323425.427.429.031.735.038.542.046.4

49.954.058.563.269.575.184.893.6

107.3120,2

135.4153.0178.3195.0211.4237.7267.8297.7m385.9416.8437.3

374.5376.6389.3403.3

410.0415.2420.3421.5

424.2434.3440.5

Expendi-tures

7.8

7.2

9.6

9.39.18.88.48.59.0

11.114.417.620.2

22.523925.527.330.232.935.939.844.346.9

49.854.458.062.868.5

.75.184.394.7

107.2118.7

133.5150.4164.8181.6204.6232.2251.2269.7297.3321.5

357.8385.0405.4

345.3353.3362.2370.3

378.6382.2386.9392.4

396.5402.2408.2414.9

Surplus ordeficit

nationalincome

andproduct

accounts

- 0 . 2

=,1

.0

.61.31.82.52.72.61.9l.C

= .7

= 1.2= 4= .0

.1

1.3= 9

=1.4=2.4

=.4

.1

.5

1.0=.C

= 1.1

1.5

1.92.6

13.513.46.85.5

16.628.030.330.4

28.231.731.9

29.123.327.133.0

31.332.933.529.1

27.732.132.3

Note.—Federaf grants-fn-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.


250


TABLE B-76.—Federal Government receipts and expenditures, national income and product accounts,

1958-84


Year or quarter

Fiscal year:2

19581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 3

1984 3 ZCalendar year:

19581959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 p,

1981:

IIIIIIV

1982:IIllIVP

Receipts

Total

78.185494 895.0

104 0110.01156120.0132 7146.0159 9189.8194 8192.4213.4240.727162834314.9365.9414 3480.85251614 7618.2627.9685.6

78 789.896.1981

106.2114 4114 9124 31418150.5174.4196.91919198 6227.5258.6287 8287 33318375.2431.64936540.7628 2614.7

620.0627 0640 2625.7

609.9617.0613 7

Personaltax andnontaxreceipts

36.338.242 543.647 349.650.751.457.564.471.490.294.087.9

100.5107.4122.7127 5137.2166.3186.5222.625012917303.0293.1304.1

36 839.943.644748.651.548 653.961767.579.795.192.690 3

108.2114.7131.3125 8147 3170.1194.9230.6257.52981300.1

286.4297.0307.9300.9

2999305.8295.6299.3

Corpo-rate

profitstax

accruals

17.921422 320.022 723.325 727.130 830.333136.832 931.934.241.243.441852.558.967 376.170070 950.150.559.4

18 022.521.421522.524 626128931430.036.136130 633 536.643.345143 654 661.671.374 270.367 348.1

76.165 668 459.1

46.545.249.8

Indirectbusinesstax andnontax

accruals

11.612.013 213.314.215.015.616.915.515.817.118.619.220.019.920.721.422 224.324.527.229.134 755750.755.259.3

11512.513.413 614.615.316 216.515 616.318.019.019 320 420.021.221.723.923 425.028.129.438.958 550.0

57.561.557.857.2

48.749.850.850.7

Contri-butions

forsocialinsur-ance

12.313.916.718.119.922.123.624.528.935.538.344.248.852.658.971.584.291.9

101.0116.2133.3153.1170.3196 3214.4229.1262.8

12 414.917.618.320.523.124 025.033136.740.746.749.354462.779.589.894.1

106.5118.5137.2159.5174.1204.3216.5

199.9202.8206.1208.4

214.9216.2217.5217.4

Expenditures

Total1

82.891.291398.1

106.2111.7117.2118.5132.7154.9172.2184.6195.5212.9232.7255.7278.2328 8370.7411.2450.4495.6577 0666 5739.7829.0877.3

88 991.093.1

1019110.4114.2118 2123.8143 6163.7180.5188.4204.3220 6244.3264.2299.3356.6384 8421.1461.0509.7602.1688.2762.6

659.7667.5698.2727.4

728.3736.6769.7815.9

Pur-chases

of goodsand

services

51.154.852 955.861.063.765.964.672.486.095.098.097.194.9

100.6101.1104.5117 9125.1139.8150.4164.1189.82181250.1279.0302.5

53 953.953.757 463.764.665 267.378 890.998.097.695.796 2

101.7102.0111.0122.7129.2143.4153.6168.3197.2228.9257.3

217.0218.2230.0250.5

249.7244.3259.0276.1

Transferpayments

Topersons

17.819.920 623.625126.527.428.431.837.242.748.755 067.776.187.2

101.81314153.8166.6178.7197.8234 62734304.8342.2350.9

19 620.121.625 025.627.027 930.333 540.146.050.661372 780.593.3

114.5146.3158.8169.6181.8205.0246.2280.9315.7

268.8271.9289.0294.0

297.2307.0321.8337.0

Toforeign-

ers

1.71.8182.12.12.12.22.22.32.22.12.22.02.32.82.73.0313.03.23.54.14.8576.06.46.5

1.81.81.92.12.22.22.22.2232.22.12.12.22.62.72.63.23.13.23.33.84.25.25.76.1

5.24.86.16.6

6.05.85.67.0

Grants-in-aid to

Stateandlocal

govern-ments

4.76.2696.97.68.39.8

10.912.714.817.819.222.626.832.640.441.648.457.566.374.779.186.790.183.486.990.1

5.66.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.783.6

90.290.686.383.6

83.085.082.084.2

Netinter-estpaid

5.45.6686.46.47.1778.28.79.6

10.411.913 514.014.015.719.621725.228.4

40.6SO 666 282.592.4

106.6

5.26.26.86.268

8.084929.8

in14.113.814 4180?0 7

26.8

35?4? 453.171.984.8

66 358374 079.0

79 68? 888 788.2

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

2.425243.3414.0414.3485.24 14.755

• 7.06.59.276606.26.99.79.9

10 513112.822.120.7

282.12.64 04.23.9454.6554.74.55.26.5637.97.85.56.95.88.29.59.2

11.713.115.1

12,213.713.013.6

12.711.612.623.4

Surplusor

deficit

nationalincome

andproduct

accounts

-4 .7- 5 8

34- 3 . 1- 2 2- 1 . 7- 1 5

1.40

-8 .9- 1 2 3

5.2

-20.5-19.2-14.9

- 6 . 6- 4 5 4-55.8-45.3-36.1-14,8-51.9- 5 1 9

-121.5-201.1-191.7

- 1 0 3- 1 . 1

3.0- 3 . 9- 4 . 2

.3- 3 3

- 1 8-13.2

- 6 . 08.4

-12.4-22.0-16.8- 5 . 6

-11.5-69.3-53.1-45.9-29.5

-61.4-60.0

-147.9

-39.7=-40.5-58.0

-101 .7

-118.4-119.6-156.0

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Under provisions of the Congressional Budget Act of 1974, the fiscal year for the Federal Government shifted beginning with -fiscalyear 1977. Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separatefiscal period known as the transition quarter.3 Estimates.Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.

251


TABLE B-77.—State and local government receipts and expenditures, national income and product accounts,1946-82


Calendar yearor quarter

Receipts

TotalPersonaltax andnontax

receipts

Corpo-rate

profitstax

accruals

Indirectbusinesstax andnontax

accruals

Contribu-tions for

socialinsurance

Federalgrants-in-

aid

Expenditures

Total1

Pur-chases

ofgoods

andservices

Trans-fer

pay-ments

toper-sons

Netinterest

paidlessdivi-

dendsreceived

Subsi-diesless

currentsurplus

ofgovern-mententer-prises

1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

197519761977 ....19781979

198019811982 *

1980:I||

III ;.:IV

1981:• ii ;*" ;;*

IILZI:;iv

1982:ItIllIV*

13.015.417.719.521.323.425.427.429.0

31.735.038.542.046.4

49.954.058.563.269.5

75.184.893.6

107.3120.2

135.4153.0178.3195.0211.4

237.7267.8297.7327.6352.0

385.9416.8437.3

374.5376.6389.3403.3

410.0415.2420.3421.5

424.2434.3440.5

1.51.72.12,4

2.52.83.03.23.5

3.94.55.05.46.1

677.48.28.8

10.0

10.912.814.617.520.6

23.226.432.836.039.0

43.149.656.363.870.4

78.888.697.1

75.577.379.682.7

84.887.290.392.3

93.695.498.8

100.5

1.01.01.01.01,2

1.21.31.51.71.8

2.02.22,53.13.4

3.54.15.05.86.5

7.19.3

11.111.913.4

14.413.9107

15.912.514.215.0

15.413.614.012.5

10.110,211.2

9.310.712.213.3

14.615.917.418.819.9

21.623.825.727.229.3

32.034.437.039.442.6

46.149.754.060.967.6

75.083.391.599.7

107.4

116.2128.3140.7150.0160.2

174.1192.8208.8

168.8170.5176.1181.2

187.1190.4195.5198.0

201.5206.9210.9215.8

0.6.7.8.9

1.11.41.61.72.0

2.12.32.62.83.1

3,43.73.94.24.7

5.05.76.77.28.3

9.210.211.513.014.6

16.819.522.124.727.4

29.933.837.2

28.728.830.631.6

32.533,434.235.1

36.036.937.738.4

1.11.72.02.2

2.32.52.62.82.9

3.13.34.25.66.8

6.57.28.09.1

10.4

11.114.415.918.620.3

24.429.037.540.643.9

54.661.167.577.380.588.787.783.6

85.5»7.688.992.7

90.290.686.383.6

83.085.082.084.2

11.114.417.620.2

22.523.925.527.330.232.935.939.844.346,9

49.854.458.062.868.5

75.184.394.7

107.21187

133.5150.4164.8181.6204.6

232.2251.2269.7297.3321.5

357.8385.0405.4

345.3353.3362.2370.3

378.6382.2386.9392.4

396.5402.2408.2414.9

9.912.815.318.0

19.821.823.225.027.8

30.633.537.141.143.7

46.550.854.359.064.6

71.179.889.3

101.0111.2

124.4138.7151.4168.5193.1

217.2232.9250.4278.3306.0

341.2368.0389.8

329.6337.2345.2352.8

361.1365.0370.1375.7

380.4386.6392.7399.6

1.72.33.03.0

3.63.13.33.53.6

3.83.94.34.85.1

5.45.86.06.46.9

7.38.19.4

10.512.2

14717.319.320.720.9

24.627.629.732.835.0

39.643.045.1

37738.940.541.4

42.042.843.343,9

44.344745.446.0

0.2.1.1.1

.1

.0

.0

.0,1

- . 3- 7- . 9

-1 .1-1 .4

-2 .0-1 .7= 1.9-3 .3-5 .0

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

-13.8

-16.9-19.5^227

-16.1-16.7-17.3-177

-18.1-19.1-20.1=20.7

=21.5-22.4-23.2=23.8

=-07

- . 9- 1 . 0-1 .1-1 .2-1 .3

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

=2,2=2.3- 2 . 5- 2 . 8- 2 . 8

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

- 3 . 6- 3 . 7=4.2- 4 . 3

-4 .5-4 .8-5 .1-5 .7-5 .9

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

-6.0-6.1-6.2-6.3

=6,4-6.4

6.5=6.6

- 6 . 66 76.7

- 6 8-6,9

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.

252


TABLE B-78.—State and local government revenues and expenditures, selected fiscal years, 1927-81


Fiscal year l

General revenues by source2

Total Propertytaxes

Salesand

grossre-

ceiptstaxes

Individu-

mcometaxes

Corpo-ration

netincometaxes

Revenuefrom

FederalGovern-

ment

Allother3

General expenditures by function2

Total Education High-ways

Publicwelfare

Altother4

1927

1932193419361938

19401942194419461948

1950195219531954

19551956195719581959

1960196119621963

1962-63 6..1963-64*..1964-65S..

1965-665...1966-67 5..,1967-68 5..1968-69 5..1969-70*..,

1970-716...1971-72"...1972-735...1973-74 5..1974-75 s..

1975-76 5..1976-77 s..1977-78°..1978-79s..1979-80 5...

1980-81s..

7,271

7,2677,6788,3959,228

9,60910,41810,90812,35617,250

20,91125,18127,30729,012

31,07334,66738,16441,21945,306

50,50554,03758,25262,890

62,26968,44374,000

83,03691,197101,264114,550130,756

144,927166,352190,214207,670228,171

256,176285,796315,960343,278382,322423,404

4,730

4,4874,0764,0934,440

4,4304,5374,6044,9866,126

7,3498,6529,3759,967

10,73511,74912,86414,04714,983

16,40518,00219,05420,089

19,83321,24122,583

24,67026,04727,74730,67334,054

37,85242,13345,28347,70551,491

57,00162,53566,42264,94468,49974,969

470

7521,0081,4841,794

1,9822,3512,2892,9864,442

5,1546,3576,9277,276

7,6438,6919,4679,82910,437

11,84912,46313,49414,456

14,44615,76217,118

19,08520,53022,91126,51930,322

33,23337,48842,04746.09849,815

54,54760,59567,59674,24779,92785,971

70

7480153218

224276342422543

788998

1,0651,127

1,2371,5381,7541,7591,994

2,4632,6133,0373,269

3,2673,7914,090

4,7605,8267,3088,90810,812

11,90015,23717,99419.49121,454

24.57529,24533,17636,93242,08046,426

92

7949113165

156272451447592

593846817778

744890984

1,0181,001

1,1801,2661,3081,505

1,5051,6951,929

2,0382,2272,5183,1803,738

3,4244,4165,4256,0156,642

7,2739,17410,73812,12813,32114,143

116

2321,016948800

945858954855

1,861

2,4862,5662,8702,966

3,1313,3353,8434,8656,377

6,9747,1317,8718,722

8,66310,00211,029

13,21415,37017,18119,15321,857

26,14631,25339,25641,82047,034

55,58962,57569,59275,16483,029

90,294

1,793

1,6431,4491,6041,811

1,8722,1232,2692,6613,685

4,5415,7636,2526,897

7,5848,4659,2509,699

10,516

11,63412,56313,48914,850

14,55615,95117,250

19,26921,19723,59826,11829,971

32,37435,82640,21046,54151,735

57,19161,67368,43679,86495,466

.11,599

7,210

7,7657,1817,644.8,757

9,2299,1908,86311,02817,684

22,78726,09827,91030,701

33,72436,71140,37544,85148,887

51,87656,20160,20664,816

63,97769,30274,546

82,84393,350102,411116,728131,332

150,674166,873181,227«8959

2,235

2,3111,8312,1772,491

2,6382,5862,7933,3565,379

7,1778,3189,390

10,557

11,90713,22014,13415,91917,283

18,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,23852,718

59,41364,88669,71475,83387,858

97,216102,805110,758119,448133,211145,784

1,809

1,7411,5091,4251,650

1,5731,4901,2001,6723,036

3,8034,6504,9875,527

6,4526,9537,8168,5679,592

9,4289,844

10,35711,136

11,15011,66412,221

12,77013,93214,48115,41716,427

18,09519,01018,61519.94622,528

23,90723,10524,60928,44033,311

34,603

151

444889827

1,069

1,1561,2251,1331,4092,099

2,9402,7882,9143,060

3,1683,1393,4853,8184,136

4,4044,7205,0845,481

5,4205,7666,315

6,7578,2189,857

12,11014,679

18,22621,07023,58225,08528,155

32,60435,94139,14041,89847,288

54,121

3,015

3,2692,9523,2153,547

3,8623,8893,7374,5917,170

8,86710,34210,61911,557

12,19713,39914,94016,54717,876

19,32521,06322,54924,423

23,67825,58627,447

30,02933,28136,91541,96347,508

54,94061,90769,31678,09692,180

103,004112,537122,476137,731155,277172,941

1 Fiscal years not the same for all governments. See footnote 5.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmentalreceipts and payments between State and local governments are also excluded.3 Includes licenses and other taxes and charges and miscellaneous revenues.4 Includes expenditures for health, hospitals, police, local fire protection, natural resources, sanitation, housing and urban renewal,local parks and recreation, general control, financial administration, interest on general debt, and unallocable expenditures.6 Data for fiscal year ending in the 12-month period through June 30. Data for 1963 and earlier years include local governmentamounts grouped in terms of fiscal years ended during the particular calendar year.

Note.—Data are not available for intervening years.Source: Department of Commerce, Bureau of the Census.


TABLE B-79.—Interest-bearing public debt securities by kind of obligation, 1967-82


End of yearor month

Totalinterest-bearingpublicdebt

securities

Marketable

Total Treasury Treasurynotes

Treasurybonds'

Nonmarketable

TotalU.S.

savingsbonds

Foreigngovern-mentandpublicseries2

Govern-ment

accountseries

Other*

Fiscal year:196)19681969

19701971197219731974

19751976197719781979

198019811982



1982:JanFebMar

June

JulyAugSept....OtiNovDec

322,286344,401351,729

369,026396,289425,360456,353473,238

532,122619,254697,629766,971819,007

906,402996,495

1,140,883

929,825946,455963,207962,779964,792969,921

972,053978,920996,495999,451

1,011,9361.027,300

1,032,6781,042,1981,059,8151,064,5381,066,4101,078,431

1,083,2961,108,1311,140,8831,136,8261,160,4891,195,496

* 210,672226,592226,107

232,599245,473257,202262,971266,575

315,606392,581443,508485,155506,693

594,506683,209824,422

628,482642,905661,142657,906656,185660,769

666,405673,765683,209689,578704,819720,293

726,542737,532752,620755,833755,688763,995

774,077801,427824,422824,662852,463881,476

58,53564,44068,356

76,15486,67794,648100,061105,019

128,569161,198156,091160,936161,378

199,832223,388277,900

220,423228,972235,315225,849224,514218,786

217,532219,854223,388229,061233,905245,015

250,562254,037256,212254,880256,114256,007

262,009273,066277,900283,923293,531311,820

49,10871,07378,946

93,489104,807113,419117,840128,419

150,257191,758241,692267,865274,242

310,903363,643442,890

321,176324,540336,505341,052338,419348,788

354,005357,603363,643362,649370,794375,332

374,357382,070395,042399,700398,408406,925

411,070427,426442,890438,068454,229465,030

97,41891,07978,805

62,95653,98949,13545,07133,137

36,77939,62645,72456,35571,073

83,77296,178103,631

86,88389,39389,32391,00693,25293,196

94,86896,30896,17897,867100,11999,946

101,623101,426101,366101,253101,166101,063

100,998100,935103,631102,672104,702104,627

111,614117,808125,623

136,426150,816168,158193,382206,663

216,516226,673254,121281,816312,314

311,896313,286316,461

301,343303,550302,065304,873308,608309,152

305,647305,155313,286309,874307,117307,007

306,136304,666307,195308,705310,722314,436

309,218306,704316,461312,164308,026314,020

51,21351,71251,711

51,28153,00355,92159,41861,921

65,48269,73375,41179,79880,440

72,72768,01767,274

71,05770,44370,05769,51869,22968,934

68,71968,35568,01767,71867,73967,837

67,58167,37867,16367,03467,08267,122

67,13267,14867,27467,51467,80167,719

1,5143,7414,070

4,7559,27018,98528,52425,011

23,21621,50021,79921,68028,115

25,15820,49914,641

23,80423,98624,16224,41124,78923,514

21,94321,43120,49920,47120,30919,025

18,92018,38419,64119,44618,39517,457

16,64315,60614,64114,62714,86314,691

56,15559,52666,790

76,32382,784

101,738115,442

124,173130,557140,113153,271176,360

189,848201,052210,462

182,197185,020183,833186,979190,839192,962

191,647192,060201,052198,053195,541196,665

196,393195,722196,707198,538201,290205,954

201,502199,896210,462205,717199,903205,427

2,7312,8283,051

4,0685,7593,6543,7014,289

3,6444,88316,79727,06727,400

24,16423,71824,085

24,28724,10224,01523,96523,75023,741

23,33923,31023,71823,63223,52923,480

23,24323,18223,68423,68723,95523,902

23,94124,05424,08524,30525,45926,183

1 Includes Treasury bonds and minor amounts of Panama Canal and postal savings bonds.3 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-

currency denominated issues.3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and specialissues held only by U.S. Government agencies and trust funds and the Federal home loan banks.

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 fiscal

year is on an October 1-September 30 basis.Source: Department of the Treasury.


TABLE B-80.—Estimated ownership of public debt securities, 1967-82

[Par values;' billions of dollars]

End of year or month

Fiscal year:196719681969

19701971197219731974

19751976197719781979 .. .

198019811982

1981:JanFebMarAprMayJune . .

JulyAugSept ....OctNovDec


JulyAug ..sept ..::::;•;OctNovDec

Total2

322.9345.4352.9

370.1397.3426.4457.3474.2

533.2620.4698.8771.5826.5

907.7997.9

1,142.0

- 934.1950.5964.5964.0968.5971.2

973.3980.2997.9

1,005.01,013.31,028.7

1,038.41048.21 061.31 065.71 071.71,079.6

1,089.61,109.21,142.01,142.81,161.71,197.1

Held byGovern-

mentaccounts

71.876.184.8

95.2102.9111.5123.4138.2

145.3149.6155.5167.9187.7

197.7208.1216.4

189.5192.0190.9193.9197.8199.9

198.6199.0208.1204.9202.1203.3

202.82011202.5204.3206 7211.7

206.3206.5216.4211.0203.9209.4

Held byFederalReserveBanks

46.752.254.1

57.765.571.475.080.5

84.794.4

104.7115.3115.5

120.7124.3134.4

117.2118.9119.0119 7118.3120.0

123.4124 5124.3123.0126.5129.9

128 3126 2125 6134 3129 8127.0

133.8132.9134.4132.1137.7139.9

1'ublic debt securities

Held by private investors

Total3

204.4217.0214.0

217.2228.9243.6258.9255.6

303.2376.4438.6488.3523.4

589.2665.4791.2

627.4639.6654.6650.4652.3651.2

651.3656.7665.4677.2684.6694.5

707.3720 8733.3727.1735.2740.9

749.6769.8791.2799.7820.1849.4

Com-mercialbanks4

55.559.755.3

52.661.060.958.853.2

69.092.599.894.492.5

109.7112.2

117.2116.4117.5113.5113.2113.3

114.2115.0112.2111.3110.0109.4

111.41118114.3110.1109.4117.0

110.0

Mutualsavingsbanksand

insur-ancecom-

panies

13.212.511.6

10.410.310.29.68.5

10.616.020.521.221.5

24.326.2

25.525.323.723.725.324.0

25.426.126.224.724.624.3

24.924 125.626.827.227.9

28.2

Corpora-tions6

11.012.011.1

8.57.49.39.8

10.8

13.824.721.218.122.1

25.937.8

30.435.240.040.438.838.7

37.838.037.838.638.337.8

37.937.537.536.538.838.9

39.9

State andlocal

govern-ments6

23.625.126.4

29.025.926.928.828.3

31.739.348.263.866.5

77.086.2

77.380.482.383.685.183.0

86.086.286.288.387.585.6

86.288.288.388.591.891.2

88.7

Indi-viduals7

70.474.277.3

81.875.473.275.980.7

86.896.2

106.5113.9115.5

123.0140.3

134.2136.2138.6138.2139.9139.6

139.5140.2140.3141.0141.6143.7

144.1144.7146.5145.7146.2146.2

146.4

Miscel-laneousinves-

tors3 8

30.733.432.3

35.049.163.276.074.2

91.3107.7142.4176.9205.3

229.3262.7

242.8246.1252.5251.0250.0252.6

248.4251.2262.7273.3282.6293.7

302.8314.5321.1319.5321.8319.7

336.4

1 U.S. savings bonds, series A-F and J, and U.S. savings notes are included at current redemption value.2 As of July 31, 1974, public debt outstanding has been adjusted to exclude the notes of the International Monetary Fund to conform

with the Budget presentation. This adjustment applies to the 1967-82 data in this table.3 For comparability with 1975-82 published data, published data for 1967-74 have been adjusted to exclude notes of the

International Monetary Fund. These adjustments amounted to $3.3 billion in 1967, $2.2 billion in 1968, and $0.8 billion in each year1969 through 1974. These adjustments were necessary in order to add to the total public debt figures as published by the Departmentof the Treasury. The Treasury Survey of Ownership on which private investor group estimates were based was discontinued in July 1982.

4 Includes commercial banks, trust companies, and stock savings banks in the United States and Territories and island possessions;figures exclude securities held in trust departments.

5 Exclusive of banks and insurance companies.8 Includes trust, sinking, and investment funds of State and local governments and their agencies, and of Territories and possessions.7 Includes partnerships and personal trust accounts.6 Includes savings and loan associations, nonprofit institutions, corporate pension trust funds, dealers and brokers, certajn

government deposit accounts and government-sponsored agencies, and investments of foreign balances and international accounts inthe United States.

Note.—Through fiscal year 1976, the fiscal year was on a July 1—June 30 basis; beginning October 1976 (fiscal year 1977), thefiscal year is on an October 1—September 30 basis.

Source: Department of the Treasury.

255


TABLE B-81.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-82

End of year or month

Amountout-

standing,privately

held

Maturity class

Withinlyear

I t o 5years

5 to 10years

10 to 20years

20 yearsand over

Average length

Millions of dollars

Fiscal year:196719681969

19701971197219731974

19751976197719781979

198019811982

1981:JanFebMar

May"!!"!!!June


1982:JanFebMar

MayJune


150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782326,674356,501380,530

463,717549,863682,043

502,248515,178532,800528,992529,057531,525

533,778540,228549,863558,169569,534580,670

590,139604,671619,030613,576618,699628,997

634,556660,583682,043685,969708,769736,148

56,56166,74669,311

76,44374,80379,50984,04187,150

115,677151,723161,329163,819181.883

220,084256,187314,436

247,958256,007263,208254,533258,101252,489

251,307251,533256,187263,717266,163275,322

284,171290,697295,476289,000290,476293,266

295,118309,446314,436321,081327,565346,321

53,58452,29550,182

57,03558,55757,15754,13950,103

65,85289,151113,319132,993127,574

156,244182,237221,783

156,845160,163167,226167,570167,865172,784

171,504180,669182,237177,834189,570188,422

183,843194,457200,544199,278203,612207,106

206,380217,258221,783218,673235,443239,262

21,05721,85018,078

8,28614,50316,03316,38514,197

15,38524,16933,06733,50032,279

38,80948,74375,749

43,96943,38246,78649,61643,84247,032

50,24245,29748,74352,20147,61550,851

54,37049,12052,61255,32954,36158,425

63,02266,34775,74975,94472,64477,570

6,1536,1106,097

7,8766,3576,3588,7419,930

8,8578,0878,42811,38318,489

25,90132,56933,017

27,24128,69028,66228,58730,29630,268

30,17232,60232,56932,53634,16434,055

34,06935,81935,82235,56535,70135,651

35,58333.09733,01733,06535,75035,677

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,652

10,53114,80520,304

22,67930,12737,058

26,23526,93626,91828,68528,95328,952

30,55330,12730,12731,88132,02232,020

33,68634,57834,57634,40434,54934,549

34,45334,43537,05837,20637,36737,318

Years Months

544

33332

22233

343

333333

444444

444444

433333

152

863111

871137

9011

9109101111

010010

010010

01111101110

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.


CORPORATE PROFITS AND FINANCE

TABLE B-82.—Corporate profits with inventory valuation and capital consumption adjustments, 1929-82


Year or quarter

1929

1933

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

197019711972 .19731974

19751976197719781979

198019811982*

1980:1III l l(V

1981:111tilIV

1982:j||t||

Corporateprofits withinventoryvaluation

and capitalconsumptionadjustments

9.0

- 1 . 7

5.3

8.614.119.323.523.6

19.016 622.329427.1

33.938.736.136.335.2

45 543.743 338.549.6

47 648.656.662169.2

80 085.182 489 185.1

71.483.296.6

108.394.9

110.5138.1167.3192.4194 8

181.6190.6161.1

195 3172.2177.8181.2

200 318511931183.9

157 1155.4166.2

Corporateprofits tax

liability

1.4

.5

1.4

2.87.6

11.414.112.9

10.791

11.312.410.2

17.922.619.420.317.6

22 022.021419.023.6

22 722.824.026 228.0

30 933.732 539 239.5

34.237.541.649.051.6

50.663.872.783.287.6

84.781.258.8

95.373.382.287.8

91.579.282.471.6

56.755.360.9

Profits after tax with inventory valuation andcapital consumption adjustments

Total

7.7

- 2 . 3

3.9

586.57.99.5

10.7

8.475

11.017.016.9

16.016.116.716.017.5

23.421.821.819.526.0

24.925.832.635941.2

49151.449.950.045.6

37.245.755.059.343.3

59.974.394.6

109.1107.2

97.0109.5102.3

100.098.995.693.3

108.9105.9110,7112.3

100.4100.0105.3

Dividends

5.8

2.0

3.8

4 04.4434.44.6

4.65 66.37.07.2

8.88.58.58.89.1

10.311.111.511.312.2

12.913.314.415.517.3

19.119.420.222.022.5

22.522.924.427.029.9

30.837.440.847.052.7

58.165.170.3

56.257.858.759.6

61.564.066.868.1

68.869.370.5

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

1.9

- 4 . 3

.1

182.1365.06.1

3.8194.7

10 09.7

7.27.68.27.28.4

13110.710.38.2

13.8

12.112.518.220.423.9

30.032.029.727.923.1

14.822.830.532.313.4

29.136.953.762.254.5

38.944.432.1

43.941.036.933.7

47.342.043.944.3

31.630.734.8



TABLE B-83.—Corporate profits by industry, 1929-82


Year orquarter

1929

1933

1939

194019411942194319441945 ..1946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

19701971197219731974..19751976197719781979

198019811982"

1980:1II.HIIV

1981:1||IllIV

1982:|.||Ill

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Total

10.5

- 1 . 2

6.5

9.815.420.524.524.019.319.625.933.431.1

37.943.340.640.238.447.546.946.641.652.3

49.750.055.159 766.076.080.978.184.980.8

68.982.094.0

105.696.7

120.6151.6178.5205.1209.6

199.4207.5166.0

211,0189.4197.0200.4

217.6202.6210.3199.4

167.2162.2170.0

Total

10.2

- 1 . 2

6.1

9.615.020.124.123.518.918.924.932.229.9

36.741.538.738.436.445.144,143.539.149.6

46,746.851.555.861.871.576.773.779.774.6

62474.985 392.080.4

107.6137.4163 4185.4179.0

169.1184.6149.6

175.9157.8167.5175.5

193 8181.7189.3173.7

150.3144.1153.7

Total

1.3

.3

.8

1.01.11.21.31.61.72.11.72.63.1

3.13.64.04.54.64.85.05.25.76.8

7.27.07.3686.97.5859.0

10.411.1

12114.115315.915.011.817.123131.030.3

29.222.722.5

31.528.627.229.4

26 822.720 820.4

20.022.224.2

Financial >

FederalRe-

servebanks

0.0

.0

.0

.0

.0

.0

.01111

.2

.2

.2

.3,4.4.3.3.5.6.6.7

1.0.8.9

101.11.4172.02.53.1

363.3344.55.75.76.0627.79.6

11.914.515.7

11.612.511.412.2

13 214.215 215.6

16.116.015.8

Other

1.3

.3

.3

.91.01.21.31.61.62.01.62.32.9

3.03.33.74.14.34.54.54.65,16.0

6.26.36.4585.86.2687.07.98.0

8610.711911.49.36.2

11.116 923.320.7

17.28.16.8

19.916.115.817.1

13 68.6554.8

3.96.28.4

Domestic industries

Total

8.9

- 1 . 5

5.3

8.614.018.922.821.917.316.823.229.626.8

33.537.934.733.931.840.339.138.333.542.9

39.539.844.249 054.964.068 264.869.363.5

50260.870076.065.495.8

120.3140 3154.4148.6

140.0162.0127.1

144.4129.2140.3146.1

167 0159.0168 5153.3

130.4121,9129.5

Manufac-turing2

5.2

- .4

3.3

5.59.5

11.813.813.29.79.0

13.617.616.2

20.924.621.722.019926.024.724.019.426.4

23.623.326.029 332.339.341938.541.236.6

26634.140 745.539.052.669.278 386.985.6

74.586.359.8

85.264.770.078.1

90 388.992 273.7

57.756.662.7

Nonfinancial

Trans-portation

andpublic

utilities

1.8

.0

1.0

1,32.03.44.43.92.71.82.23.03.0

4.04.64.95.0475.65.95.85.97.0

7.47.88.493

10.011.011810710.810.3

828.5908.76.1

10.014.517 820.615.9

17.419.1187

16.813.921.517.5

20115.619621.2

18.818,519.2

Whole-safeand

retailtrade

1,0

- .5

7

1.21.42.23.03.23.33.84.65.54.5

5.05.04.83.8385.04.54.44.65.9

4.95.05.8597,58.1829.1

10.410.5

9511,713 413.912.521.322.426 626.927.1

24.633.428.1

19.727.124.427.3

33 032.1330357

31.926.827.4

Other

0.9

= 7

.3

.61.11.51.61.61.52.12.93.63.1

3.63.73.33.1343.64.14.03.63.6

3.63.73.9445.15.6636.56.96.1

596.5698.07.9

11.914.217 620.020.1

23.423.120.6

22723.524.323.3

23622.523 722.7

21.920.020.3

not.+Kesi

of theworld

0.2

.0

.3

.3

.4

.4

.4

.4

.37

1.01.31.1

1.3171.91.8202.42.83.12.527

3.03.23.6394.24.5424.45.26.1

657.186

13.716.313.014,315119.730.6

30.322.816.4

35.131729.624.9

2382Q.B210257

16.918.216.3

1 Consists of the following industries: Banking; credit agencies other than banks; security and commodity brokers, dealers, andservices; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.

' See Table B-84 for industry detail.Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning

1948, and on the 1942 SIC prior to 1948.

Source: Department of Commerce, Bureau of Economic Analysis,


TABLE B-84.—Corporate profits of manufacturing industries, 2929-82


Year or quarter

1929

1933

1939

1940194119421943194419451946194719481949

19501951 . . . .19521953195419551956195719581959

19601961196219631964 . .19651966196719681969

1970197119721973197419751976197719781979

1980 . . .19811982"

1980:

||IIIIV

1981:

II .HIIV

1982:ItlMl

Totalmanufac-

turing

5.2

4

3.3

5.595

11.813.813 29.790

13.617.616.2

20.924.621722.019926.024 724.019426.4

23 623.326.029.332.339341.938.541.236.6

26 634.140.745.539.052.669.278.386.985.6

74.586.359.8

85.264.770.078.1

90.388.992.273.7

57 756.662.7

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Durable goods

Total

2.6

4

1.7

3.1647.28.1744.5245.87.58.1

12.013.211711.910 514.312 813.39 3

13.7

11611.414.016.317.923023.820.922.218.9

10 216.322.424.313.218.930.438.144.337.1

20.728.411.4

25.512.418.226.5

32.135.227.418.9

9112.712.2

Pri-marymetalindus-tries

1.61.5

2.33.1192.5172.9303.0192.3

201.6162.02.5313.62.71.91.4

8

1.62.25.42.92.11.13.53.5

2.94.1

-5 .1

4.72.6,1

42

7.04.74.1.7

- 3 1-6 .5-5 .4

Fabri-catedmetalprod-ucts

.8

1.11.3101.0

91.0111.1

91.1

81.0111.31.4202.42.42.32.0

111.52.12.51.63.03.84.44.95.2

4.44.94.4

5.42.84.35.0

4.76.05.43.4

4.43.84.7

Machin-ery,

exceptelectri-

cal

1.21.3

1.62.3231.9171.72 12.0142.1

181.9232.53.3394.54.14.13.7

292.94.34.62.94.76.38.89.48.9

7.29.35.1

7.27.07.47.2

8.49.29.69.9

8.34.83.7

Electricandelec-tronicequip-ment

.7

.8

1.21.31.51.41.21.11.21.51.31.7

131.31.51.61.72.73.02.92.82.3

1.21.92.83.0

2.13.45.66.55.1

4.45.13.5

5.23.54.34.5

6.24.94.84.3

3.63.73.2

Motorvehicles

andequip-ment

1.42.1

3.12.4242.62.14.12.22.6

.93.0

3 02.54.04.94.7625.13.95.54.7

1.25.05.95.7

1.97.29.48.94.7

- 5 . 0- 1 . 1

1.1

- 3 . 7-10.6

- 4 . 1- 1 . 4

- 2 . 62.6

- 2 . 8- 1 . 8

- 4 . 13.33.2

Other

1.81.7

2.62.8262.62.93.53.23.12.93.5

273.1354.04.45.15.24.95.74.9

2.94.35.76.22.94.37.68.8

11.09.8

6.86.22.3

6.77.16.37.1

8.47.86.32.4

.03.52.7

Nondurable goods

Total

2.6

o17

2.4314.65.7595.26.67.8

10.08.1

8.911.499

10.19.4

11.811910.710012.7

12.011.912.013.114.416.318.117.619.117.7

16.517.818.321.225.833.638.840.242.648.4

53.857.948.4

59.652.351.851.6

58.253.764.854.7

48.643.950.5

Foodand

kindredprod-ucts

1.91.6

1.61.4171.8162.2181.8212.4

222.32.32.72.72.83.23.23.23.0

3.23.52.92.42.88.66.96.86.05.7

6.28.76.5

6.65.54.97.6

10.48.57.78.1

6.76.37.0

Chemi-calsand

alliedprod-ucts

1.71.8

2.32.82.32.22.23.02.82.82.53.5

3.13.23.23.64.04.64.94.35.24.5

3.94.45.26.05.66.58.37.98.37.1

6.78.25.7

7.45.56.67.4

9.47.58.07.8

6.55.85.1

Petro-leumandcoalprod-ucts

2.81.92.32.7232.82.73.03.32.62.12.5

2.52.22.22.12.42.93.23.93.73.2

3.53.53.05.0

10.59.6

12.611.613.820.7

28.026.624.4

31.529.127.723.5

23.523.335.124.7

25.420.425.9

Other

3.72.8

2.74.4363.32.93.64.13.63.34.3

4.24.14.34.65.36.06.86.37.06.9

5.96.47.27.86.68.9

11.013.814.514.8

13.014.411.7

14.112.212.712.9

14.914.414.114.1

10.011.412.5

Note.—The industry classification is on a company basis and is based on the 1972 Standard Industrial Classification (SIC) beginning1948, and on the 1942 SIC prior to 1948.



TABLE B-85.—Sates, profits, and stockholders1 equity, all manufacturing corporations, 1950-82


Year orquarter

All manufacturing corporations

Sales(net)

Profits

Beforeincometaxes1

Afterincometaxes

Stock-holders'equity*

Durable goods industries

Sales(net)

Profits

Beforeincometaxes'

Afterincometaxes

Stock-holders'equity8


Sales(net)

Profits

Beforeincometaxes>

Afterincometaxes

Stock-holders'equity"

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

1955.,1956.,1957.,19581959

19601961196219631964

19651966196719681969

1970197119721973

1973: IV

New series:1973: IV

1974

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

1980..1981..

1979:IIIIII...,IV....

1980:III

IV

1981:

n'Z!IllIV

1982:

"Z

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

1,912.82,144.7

406.6436.4437.5461.2

465.7466.3464.2516.6

520.8549.6539.9534.4

501.0520.1507.1

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

145.8158.5

36.542.638.236.8

39.535.933.237.2

39.045.640.034.0

28.930.927.8

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

92.6101.3

22.726.824.724.5

24.822.421.024.4

24.428.925.222.9

19.020.017.8

83.398.3

103.7108.2113.1

120.1131.6141.1147.4157.1

165.4172.6181.4189.7199.8

211.7230.3247.6265.9289.9

306.8320.8343.4374.1

386.4

368.0

395.0

423.4462.7496.7540.5600.5

668.1743.4

576.2592.5609.2624.0

643.9658.1670.5699.7

718.4739.4753.5762.3

756.5764.1774.3

116.8122.0137.9122.8

142.1159.5166.0148.6169.4

173.9175.2195.3209.0226.3

257.0291.7300.6335.5366.5

363.1381.8435.8527.3

140.1

122.7

529.0

521.1589.6657.3760.7865.7

889.1979.5

207.5222.6213.6221.9

219.8218.7212.6238.0

234.1257.2245.1243.0

226.4240.3225.3

12.915.412.914.011.4

16.516.515.811.415.8

14.013.616.818.521.2

26.229.225.730.631.5

23.026.533.643.610.8

10.1

41.1

35.350.757.969.672.4

57.467.2

18.821.616.415.7

15.813.511.916.2

16.720.716.413.4

10.812.78.5

6.76.15.55.85.6

8.18.37.95.88.1

7.06.98.69.5

11.6

14.516.414.616.516.9

12.914.518.424.8

6.3

6.2

24.7

21.430.834.841.845.2

35.641.7

11.413.310.310.1

9.78.27.2

10.4

10.112.710.38.5

6.88.25.3

39.947.249.852.454.958.865.270.572.877.9

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

317.7350.4

281.9289.3296.5302.1

308.0312.6317.2332.8

339.4349.7354.2358.3

353.0356.5360.1

95.1128.1128.0128.0125.7

136.3147.8154.1156.7168.5

171.8181.2194.1203.6216.8

235.2262.4274.8296.4328.1

345.7369.3413.7489.9

135.0

113.9

531.6

544.1613.7670.8735.7876.1

1,023.71,165.2

199.1213.8223.9239.3

245.9247.6251.6278.6

286.7292.4294.8291.3

274.6279.8281.8

10.312.110,010.49.6

12.113.212.411.313.9

13.513.915.116.418.3

20.322.622.024.826.625.226.529.637.810.6

10.5

51.0

44.654.357.262.981.8

88.491.3

17.721.121.921.2

23.722.421.321.0

22.324.923.520.6

18.118.219.3

6.15.75.25.55.6

7.07.87.56.98.3

8.28.59.2

10.011.6

13.014.614.415.516.4

15.716.518.023.3

6.7

7.0

34.1

27.733.735.539.353.5

56.959.6

11.213.514.414.4

15,114.213,714.0

14.216.214.914.3

12.211.812.5

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

350.4393.0

294.3303.2312.6321.9

335.9345.5353.3366.9

379.1389,7399,4404.0

403.5407.6414.2

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.

1 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, industry

classifications, sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report forManufacturing, Mining, and Trade Corporations, Federal Trade Commission.

Source: Federal Trade Commission.

260


TABLE B-86.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturingcorporations, 1947-82

Year or quarter

19471948 ..1949

19501951 „ .19521953 ..1954

1955 .19561957 ..19581959 „

I960 .. .19611962 ..19631964 ..

1965 „19661967 ..19681969 .. .

1970 ..19711972 ..1973

1973- IV

New series:1973: IV

1974 ..

19751976 ..19771978 ..1979

1980 .1981

1979:|11 .HIIV

1980:IIIHIIV ..

1981:

||IllIV ..

1982:1 ,||III

Ratio of profits after income taxes (annualrate) to stockholders' equity—percent *

Allmanufacturingcorporations

15.616.011.6

15.412110.310.59.9

12 612.310 98.6

10.4928.998

10.311.6

13 013.411712.111.5

939.7

10612.8

13.4

14.3

14.9

11613 914.215 016.4

13 913.6

15 718116.315.7

15 413 612.514.0

13.615.613.412.0

10110 59.2

Durablegoods

industries

14.415.712.1

16.913.011.11 U10.3

13.812.811.38.0

10.4

8.58.19.6

10.111.7

13.814.211.712.211.4

8.39.0

10.813.1

12.9

13.3

12.6

10.313 714.516 015.4

11211.9

16.218 414.013.4

12.610 69.1

12.6

12.014.611.69.5

7.79.25.9

Nondurablegoods

industries

16.616.211.2

14.111.29.79.99.6

11.411.810.69.2

10.4

9.89.69.9

10.411.5

12.212.711.811.911.5

10.310.310.512.6

14.0

15.3

17.1

12.914.213.814.217.4

16.315.2

15.317.818.417.9

18.016.415.615.2

15.016.614.914.2

12.111.612.1

Profits after income taxes per dollar ofsales—cents

At!manufacturingcorporations

6.77.05.8

7.1494.34.34.5

545.3484.24.8

444.3454.75.2

5.65.65.05.14.8

404.14.34.7

4.7

5.6

5.5

4.65.45.35.45.7

4.84.7

5.66.15.75.3

5.34.84.54.7

4.75.34.74.3

3.83.93.5

DurableRoods

industries

6.77.16.4

7.7534.54.24.6

575.24.83.94.8

403.9444.55.1

5.75.64.84.94.6

3,53.84.24.7

4.5

5.0

4.7

4.15.25.35.55.2

4.04.3

5.56.04.84.6

4.43.83.44.4

4.34.94.23.5

3.03.42.4

Nondurable" goodsindustries

6.76.85.4

6.5454.14.34.4

5 15.3494.44.9

484.7474.95.4

555.6535.25.0

454.54.44.8

5.0

6.1

6.4

5.1555.35.36.1

5.65.1

5.66.36.46.0

6.15.75.55.0

5.05.55.14.9

4.44.24.4

1 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end ofquarter only.

Note—Based on data in millions of dollars.See Note, Table B-85.Source: Federal Trade Commission.

261


TABLE B-87.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturingcorporations, by industry group, 1981-82

Industry

Ratio of profits after income taxes (annualrate) to stockholders' equity—percentl

1981 1982

Profits after income taxes per dollarof sales—cents

1981 1982

All manufacturing corporations....

Durable goods industries ,

Stone, cfay, and glass productsPrimary metal industries

Iron and steelNonferrous metals

Fabricated metal productsMachinery, except electricalElectrical and electronic equip-

ment,.,,...,....,Transportation equipment1

Motor vehicles and equipmentAircraft, guided missiles, and

parts

Instruments and related products...Other durable manufacturing

products


Food and kindred products. ...Tobacco manufacturesTextile mill productsPaper and allied productsPrinting and publishingChemicals and allied products*...

Industrial chemicals and syn-thetics

Drugs

Petroleum and coal productsRubber and miscellaneous plastics

productsOther nondurable manufacturing

products

13,4

U.6

11.913.9

18.46.3

14.114.1

12.91.9

-6 .9

13.9

17.7

9.8

14.9

13.819.49.99,7

15.613.9

11.916.1

17.4

11.4

14,4

12.0

9.5

5,83.0

9.415.5

12.33.8

- 1 . 6

11.7

14.9

5.9

14.2

14.618.66.5

12,515,513.3

11.418.6

15.4

9.1

15.0

10.1

7.7

- 3 . 7

L8

9.811.8

12.64.3

.0

10.8

13.3

2,4

12.1

12.618.42.66.29.7

13.0

8.920.8

13.9

8.7

7.0

10.5

9.2

4.6- 3 . 4

- 6 . 21,0

9,910.8

12.611.6

11.8

U.6

15.3

8.3

U.6

12.321.34.96.5

13.812.2

7.717.6

U.6

10.4

9.6

9.2

5.9

7.3- 8 . 3

-13.2- . 9

5.17,3

11.44.6

- . 2

12.6

14.7

6.9

12.1

11.920.88.46.1

13.510.7

5.618.9

13.8

9,0

12.0

4.7

4.2

4.64.9

5.92.6

4.26.3

4.5.6

- 2 . 2

4.1

9.4

2.8

3.2U.32.63.95.26.5

5,310.2

6.4

3.3

3.3

4.3

3.5

2.51.2

.03.6

2.96.8

4.31.1

- . 5

3.1

7.9

1.8

4.9

3.310.9

1.75.45.16.7

5.612.4

5.8

2.8

3.3

3.8

3,0

18

3,25.7

4.71.3

.0

3.2

7,6

,8

4.4

3.111.4

.82.83.46.4

4.313.6

5.7

2.7

1.7

3,9

3.4

1.9»1.3

- 2 . 3.4

3.15.2

4.63.2

3.2

3.2

8.3

2.5

4.2

2.912.5

1.42.84.76.0

4.011.8

4.9

3.1

2.4

3.5

2.4

2.9- 3 . 7

- 5 . 5- . 5

1.73.8

4.41.4

- . 1

3.7

7.9

2.1

4.4

2.812.22.52.74.55.3

2.812.3

6.0

2.9

2.7

1 Ratios based on equity at end of quarter.* Includes other industries not shown separately.Source: Federal Trade Commission.


TABLE B-88.—Determinants of business fixed investment 1955-82

[Percent, except as noted]

Year

1955195619571958...1959

19601961. .19621963....1964

19651966196719681969 .. ..

1970 .1971197219731974

19751976197719781979

198019811982*

Realinvest-ment

aspercentof real

GNP

9.39.79.78.78.8

9.18.89.09.09.4

10 511.010 410.310 7

10.510.010.211.010.9

9.79.7

10.211.011.5

11.311411.2

ityutili-

zation

manu-factur-

ing1

87.186.483.775.281.9

80.277.481.683.585.6

89 691.186 987.186.2

79.378.483.587.683.8

72.979.581.984.485.7

79.178.569.8

Nonfmancial corporations

Cashflow aspercent

ofGNP2

9.38.98.98.69.3

8.98.89.49.7

10.1

10610.310 09.48.6

7.88.38.68.07.0

9.09.39.79.58.9

8.7959.6

Rate of rdepreciab

Beforetax

19.816.815.212.816.4

15.015.117.418.820.2

22121.819.318.916.5

12.813.514.314.311.0

11.912.913.913.712.1

10.511.09.5

eturn one assets3

Aftertax

9.8797.46.58.5

8.08.2

10.311.212.5

14 013.712 411.39.7

7.98.59.18.76.1

7.77.98.78.67.4

6.6777.5

Rate of return onstockholders'

equity*

Beforetax

13.111610.58.4

10.5

9.99.5

11.212.113.3

15 515.213413.812.5

8.89.9

10.512.811.2

8.58.6

10.210.710.2

8.47.7<fl)

Aftertax

6.2545.0395.1

5.04.66.16.77.8

9 69.2828.071

4.75.76.28.37.3

5.24.86.36.86.6

5.551(6)

Ratio ofmarketvalue to

mentcost of

netassets6

1.11211041.01810411.252

1.22213501.28214191.521

1621146614801.5231353

10911.17612581.157

827

.811

.911

.797

.761

.709

.666694.690

1 Federal Reserve Board index.2 Cash flow calculated as after-tax profits plus capitaj consumption allowance plus inventory valuation adjustment.3 Profits plus capital consumption adjustment and inventory valuation adjustment plus net interest paid divided by the stock of

depreciable assets valued at current replacement cost.4 Profits corrected for inflation effects divided by net worth (physical capital component valued at current replacement cost).5 Equity plus interest-bearing debt divided by current replacement cost of net assets.« Not available.

Sources: Department of Commerce (Bureau of Economic Analysis), Board of Governors of the Federal Reserve System, and Council ofEconomic Advisers.


TABLE B-89.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1946-82


Year orquarter

Sources

Total Internal'

External

Total

Credit market funds

TotalSecuri-

ties andmort-gages

Loansand

short-term

Other2

Uses

TotalCapita)

expendi-tures 3

Increasein

financialassets

Discrep-ancy

(sourcesless uses)

194619471948..1949

19501951195219531954

1955..195619571958..1959

19601961196219631964

19651966196719681969

1970197119721973,.1974

1975..1976197719781979

1980

1981

1980:

\\'ZIllIV

1981:IIIIllIV

1982:

H'ZIll*.

18.727.028.919.9

42.136.429.927.829.6

52.744.943.441.956.3

48.656.360.168.473.9

91.897.694.7

113.5115.5

102.3125.3151.6192.4190.1

156.9210.8252.2315.4346.3

333.7352.2

363.2263.4326.4381.9

333.6381.2348.9345.0

297.7348.2371.7

8.112.919.119.5

18.020.221.921.723.9

29.529.531.530.336.0

35.436.542.846.551.8

58.562.663.665.064.4

61.873.585.091.785.6

119.7134.2157.4175.7188.8

197.5231.1

192.6197.4199.3200.8

222.4225.4235.2241.4

232.6234.3240.3

10.614.19.7

.4

24.016.28.06.15.7

23.215.411.911.720.2

13.219.817.322.022.1

33.335.031.148.551.1

40.551.866.6

100.7104.4

37.276.694.9

139.7157.5

136.2121.1

170.666.0

127.2181.1

111.3155.8113.7103.6

65.0113.9131.3

6.98.46.53.1

8.110.59.55.76.5

10.212.812.310.512.3

12.112.912.812.514.1

18.523.827.827.732.3

35.337.243.456.769.9

30J54.570.479.391.2

95.792.6

114.762.686.6

118.7

68.7119.1100.282.5

110.293.398.0

3.65.46.74.9

4.26.48.06.06.7

6.47.5

10.410.58.1

7.510.79.48.47.8

7.614.319.115.014.6

26.332.82 M20.726.3

38.738.233.931.925.9

57.523.1

46.158.663.761.7

41.634.83.2

12.7

30.633.159.3

3.33.0

- . 2= 1.8

3.94.11.4

- . 4- . 2

3.75.31.9

- . 04.2

4.62.23.44.06.2

11.09.58.7

12.617.7

9.04.4

16.936.043.6

-8 .016.336.547.46!).3

38.269.6

68.64.0

22.957.1

27.184.397.069.9

79.760.338.7

3.75.83.3

-2.7

15.95.7

- 1 . 5.5

- . 8

13.12.5

- . 41.27.9

1.26.94.69.58.0

14.811.23.3

20.918.8

5.314.623.244.034.5

6.522.124.560.466.3

40.628.5

55.93.4

40.562.4

42.636.713.521.1

-45.220.533.3

16.825.625.318.3

40.437.629.228.027.8

49.140.839.138.551.2

41.451.055.560.464.9

82.791.388.5

106.0115.3

98.7122.7149.1191.9190.1

150.9201.8237.6294.2347.1

317.9314.8

341.2248.7314.2367.5

318.2352.2304.6284.0

225.3304.9328.5

18.117.320.314.8

24.030.224.625.722.9

32.636.834.927.737.0

37.536.743.244.750.1

61.074.772.275.483.7

80.086.099.0

121.5137.9

109.7148.3175.1202.2219.8

220.5260.9

231.3215.6209.9225.2

233.5260.0284.6265.5

241.9248.5264.2

- 1 . 48.45.03.5

16.47.44.62.34.9

16.54.04.2

10.814.2

3.914.212.315,714.8

21.816.616.330.631.6

18.736.750.170.552.2

41.253.562.592.0

127.3

97.453.9

103.933.1

104.3142.3

84.792.220.018.5

-16.656.464.3

1.91.43.61.6

1.7^1.2

.6=.11.8

3.54.14.33.45.0

7.25.34.68.09.0

9.16.46.27.5

.2

3.62.62.4

.5

.0

6.09.0

14.721.2

15.837.4

22.014.712.214.4

15.429.044.261.0

72.343.343.1

1 Undistributed profits (after inventory valuation and capital consumption adjustments), capital consumption allowances, and foreignbranch profits, dividends, and subsidiaries' earnings retained abroad.

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


TABLE B-9Q.~Current assets and liabilities of U.S. corporations, 1939-82



SEC series:5

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I9601961

SEC series:5

196119621963196419651966196719661969

19701971197219731974

FTC-FRB series:7

197419751976197719781979

19801981

1981:1ItIllIV

1982:

It

Current assets

Total

54.5

60.372 983.693 897.297 4

108.1123 6133.0133.1

161.51791186.2190 6194 6224.0237 9244.7255 3277.3

289.0306.8

Cash1

10.8

13.113917.621621.621.722.825.025.326.5

28.130 030.831.133 434.634.834.937.436.3

37.241.1

U.S.Govern-

mentsecurities2

2.2

2.040

10.116420.921115.314114.816.8

19.720719.921.519 223.519118.618 822.8

20.120.0

Notesand

accountsreceiv-able

22.1

24.028 027.326.926.525.930.738.342.443.0

56.861.567.468.573 688.997.7

102.2109.7120.6

129.2139.2

Inven-tories

Othercurrentassets

All corporation

18.0

19.825 627.327 626.826 337.644 648.945.3

55.164 965.867 265 372.880482.281988,4

91.895.2

1.4

1.5141.3131.4241.7161.61.4

1.7212.424314.2596.7759.1

10.611.4

Current liabilities

Total

s*

30.0

32.840 747.351651.745 851.961.564.460.7

79.892 696.198.999 7

121.0130.5133.1136.6153.1

160.4171.2

Notesand

accountspayable

21.9

23.226 426.026 326.825 731.637 639.337.5

48 354 959.359 561776.183 986.690 4

101.0

106.8114.6

Othercurrentliabil-ities

8.1

9.614 321.325324.920120.323 925.023.3

31.637 836.839 438 045.046 646.546 252.0

53.656.6

Networkingcapital

24.5

27.532 336.342145.651.656.262.168.672.4

81.686 590.191894 9

103.0107 4111.6118.7124.2

128.6135.6

Currentratio3

1.817

1.83817911.7671.8181.8802.1272.0832.0102.0652.193

2.02419341.9381.92719521.8511.8231.8381.8691.811

1.8021.792

Nonfinancial corporations6

254.7269.7288 2305.6336 0364.0386 2426.5473.6

492 3529.6599.3697.8790.7

735.4759.0827 4912 7

1043 71,218.2

1.333.51.427.1

1,374.51,388.31,410.91,427.1

1,423.61,419.4

34.837.139 840.542.841.945.548.247.9

50 253.359.066.371.1

73.282.188.297 2

105 5118.0

127.1131.7

126.6126.2125.1131.7

121.3123.4

16.516.816 715.814 413.010311.510.6

7711.010.612.812.3

11.119.023 518 217 317.0

19.317.9

19.219.918.017.9

17.117.4

97.9103.2110 5119.91341146.6155.3173.9197.0

2061221.1248.2288.5322.1

265.8272.1292 9330 3388 0461.1

510.6536.7

528.0533.1542.4536.7

537.8534.4

95.0100 5106 8113.1126 6142.81531166.0186.4

1933200.4225.7263.9313.6

319.5315.9342 5376 94316505.5

543.7587.1

560.2565.3577.0587.1

593.8589.2

10.512.114 416.318119.722 026.931.6

35 043.855.866.471.7

65.969.980.3901

1013116.7

132.7153.6

140.5143.8148.3153.6

153.6155.0

123.7132.4145 5156.6178 8199.4211.3244.1287.8

304 9326.0375.6450.9530.4

453.4451.6495.1557.1669 3807.8

890.9980.0

923.2931.5967.2980.0

985.7982.6

84.488.797 0

104.91215137.5147.1168.8199.2

2113220.5282.9340.3402.3

269.8264.2282.1317 6382 9461.2

515.2562,9

520.3525.9549.5562.9

555.0554.9

39.343.748 551.757.361.964.275.388.6

93 6105.592.7

110.7128.1

183.6187.4213.0239 6286 4346.6

375.7417.1

402.9405.5417.7417.1

430.8427.8

131.0137.3142 7149.0157.2164.6174.9182.4185.7

187.4203.6223.7246.9260.3

282.0307.4332.4355.5374.4410.5

442.6447.1

451.3456.8443.7447.1

437.9436.8

2.0592.0371.9811.9511.8791.8251.8281.7471.646

1.6151.6251.5951.5481.491

1.6221.6811.6711.6381.5591.508

1.4971.456

1.4891.4901.4591.456

1.4441.445

1 Includes time certificates of deposit.2 Includes Federat agency issues.3 Total current assets divided by total current liabilities.4 Excludes banks, savings and loan associations, and insurance companies.5 Based on data from 'Statistics of Income," Department of the Treasury.6 Excludes banks, savings and loan associations, insurance companies, investment companies, finance companies (personal and

commercial), real estate companies, and security and commodity brokers, dealers, and exchanges.7 Based on data from "Quarterly financial Report for Manufacturing, Mining, and Trade Corporations," Federal Trade Commission. See

"Federal Reserve Bulletin," July 1978, for details regarding the series.Note.—SEC series not available after 1974.Sources: Board of Governors of the federat Reserve System, Federal Trade Commission, and Securities and Exchange Commission.


TABLE B-91.—State and municipal and corporate securities offered, 1934-82


Year or quarter

Stateand

municipalsecurities

offeredfor cash(princi-

palamounts)

Corporate securities offered for cash

Totalcorporateofferings

Type of corporate security

stockPreferred

stockBondsand

notes

Industry of corporate issuer

Manufac-turing l

Electric,gas, andwater2

Transpor-tation 3 Communi-

cation Other

1934....

1939....

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

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

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

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

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

1970....1971....197219731974

19751976197719781979

198019811982; First 3quarters

1981:

II...,III...IV...

1982:

II...III..

939

1,128

1,238956524435661

7951,1572,3242,6902,907

3,5323,1894,4015,5586,969

5,9775,4466,9587,4497,681

7,2308,3608,55810,10710,544

11,14811,08914,28816,37411,460

17,76224,37022,94122,95322,824

29,32633,84545,06046,21542,261

47,13346,13449,231

9,15913,3619,88213,732

12,77017,62718,834

397

2,164

2,6772,6671,0621,1703,202

6,0116,9006,5777,0786,052

6,3627,7419,5348,8989,516

10,24010,93912,88411,5589,748

10,15413,16510,70512,21113,957

14,78217,38524,01421,26125,997

37,45143,22939,70531,68037,820

53,63253,31454,22948,21253,093

78,89672,50354,587

16,68123,75811,52920,535

15,57215,96023,055

87

1081103456163

397891779614736

8111,2121,3691,3261,213

2,1852,3012,5161,3342,027

1,6643,2941,3141,0112,679

1,4731,9011,9273,8857,6407,0379,485

10,7077,6424,050

7,4148,3058,0477,9378,706

18,99625,107

14,993

5,0119,6475,0935,356

4,6575,8004,536

183167112124369

7581,127762492425

631838564489816

635636411571531

409450422343412

724580881636691

1,3903,6833,3713,3412,273

3,4592,8033,9162,8323,530

3,6351,788

3,497

437267280

5821,1261,789

372

1,979

2,3862,389917990

2,670

4,8554,8825,0365,9734,890

67

604

992848539510

1,0612,0263,7012,7422,2261,414

4,9205,6917,6017,0837,488

7,4208,0029,9579,6537,190

8,0819,4208,969

10,85610,865

1,2003,1224,0392,2542,268

2,9943,6474,2343,5152,073

2,1524,0773,2493,5143,046

12,58514,90421,20616,74017,666

29,02330,06125,62820,70031,497

42,75942,20642,26637,44340,857

56,26545,606

36,097

10,86513,6746,168

14,899

10,3339,034

16,730

5,4147,056

11,0696,9586,346

10,64711,6516,3984,832

10,511

18,65215,49613,75711,06211,563

24,39817,395

9,847

5,5776,0441,8623,912

2,3481,7715,728

133

1,271

1,2031,357

472477

1,422

2,3192,1583,2572,1872,320

2,6492,4552,6753,0293,713

2,4642,5293,9383,8043,258

2,8513,0322,8252,6772,760

2,9343,6664,9355,2936,715

11,00911,72111,31410,26912,836

15,89314,41813,70412,25313,736

15,94014,495

13,127

3,2694,5162,9863,724

4,2694,3724,486

176

186

32436648161609

1,454711286755800

813494992595778

893724824824967

718694567957982

7021,4941,6391,5641,779

1,2531,148860811

1,005

3,6374,6493,2182,6963,297

3,7272,779

1,310

8581,211410300

399280631

902571

399612760882720

1,1321,4191,4621,424717

1,0501,8341,3031,1052,189

9452,0031,9751,7752.172

5,2915,8404,8364,8723,932

4,4663,5624,4433,6404,694

7,4016,158

1,765

1,3542,2941,807703

519556690

21

103

15996

21109

211329293

1,008946

1,3001,0581,0682,1382,037

2,7572,6192,4261,9912,733

3,3833,5272,7613,9574,980

4,7873,1674,3965,6718,985

9,25212,86716,29810,8979,632

10,98315,19419,11318,56519,803

27,42931,676

28,535

5,6239,6934,464

11,896

8,0378,978

11,520

1 Prior to 1948, also includes extractive, radio broadcasting, airline companies, commercial, and miscellaneous company issues.2 Prior to 1948, also includes telephone, street railway, and bus company issues.3 Prior to 1948, includes railroad issues only.Note.—Covers substantially all new issues of State, municipal, and corporate securities offered for cash sale in the United States in

amounts ovsr $100,000 and with terms to maturity of more than 1 year; excludes notes issued exclusively to commercial banks,intercorporate transactions, and issues to be sold over an extended period, such as employee-purchase plans. Closed-end investmentcompany Issues are included beginning 1973.

Sources: Securities and Exchange Commission, "The Commercial and Financial Chronicle," and "The Bond Buyer."


TABLE B-92.—Common stock prices and yields, 1949-82

Year or month

1949 ..

1950 ..195119521953 ..195419551956 ..195719581959 ..

19601961 ..1962196319641965 ..196619671968 ..1969

1970 ..19711972 .19731974197519761977 .. . .19781979 ..

1980 ..19811982

1981:Jan..FebMarApr..MayJune

JulyAug..Sept.OctNovDec

1982:JanFebMarAor

3»June:::::::;:::::::::::::::.:::::::

July..AugSeptOctNovDec

Common stock prices1

New York Stock Exchange indexes (De

Composite

9 02

10 8713.0813.8113.6716.1921.5424.4023.6724 5630.73

300135.3733 4937 5143 7647.3946.1550.7755.3754.67

45.7254.2260 2957.4243.8445.7354.4653.6953.7058.32

681074.0268.93

762473.5276.4677.6076.2876.80

74.98 <75.2468.3769 40714971.81

67 91661663.8666.9767.0763.10

62 8262 9170 2176.1079.7580.30

Industrial

46.1851.9758.0057.44

48.0357.9265.7363.0848.0850.5260.4457.8658.2364.76

78.7085.4478.18

89.2385.7489.3990.5788.7888.63

86.6486.7278.0778 9380 8681.70

76.8574 7871.5175.5975.9771.59

71.3770 9880 0886.6790.7692.00

Transpor-tation

50.2653.5150.5846.96

32.1444.35501737.7431.8931.1039.57410943.5047.34

60 6172.6160.41

74 4372.7677.0980.6376.7876.71

74.4273.2763 6765 6567 6868.27

62 0459 0955.1957.9156.8453.07

53 4053 98613966.6471.9273.40

;. 31, 1965

Utility

45.4145.4344.1942.80

37.2439.5338.4837.6929.7931.5036,9740 9239.2238.20

37 3538.9139.75

38 5337.5937.8238.3438.2739.23

38.9040.2238.1738 8740 7340.22

39 3038 3238.5739.2039.4037.34

37 20381940 3642.6743.4642.93

= 50)8

Finance

44.4549.8265.8570.49

60.0070.3878.3570.1249.6747.1452.9455.2556.6561.42

64.2573.5271.99

70.0468.4872.8274.5974.6579.79

74.9773.7669.3872.5676 4774.74

70.9970 5069.0871.4469.1663.19

61.5962 8469 6680.5988.6686.22

DowJones

industrialaverage3

179.48

216.31257.64270.76275 97333.94442.72493.01475.71491.66632.12

618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72

753.19884.76950 71923.88759.37802.49974.92894.63820.23844.40

89141932.92884.36

962.13945.50987.18

1,004.86979.52996.27

947.94926.25853.38853 25860 44878.28

853 4183315812.33844.96846.72804.37

818 4183211917 27988.71

1,027.761,033.08

Standard& Poor's

compositeindex

(1941-43=10) 4

15.23

18.4022.3424.5024.7329.6940.4946.6244.3846.2457.38

55.8566.2762.3869.8781.3788.1785.2691.9398.7097.84

83.2298.29

109.20107.4382.8586.16

102.0198.2096.02

103.01

118.78128.05119.71

132.97128.40133.19134.43131.73132.28

129.13129.63118.27119.80122.92123.79

117.28114 50110.84116.31116.35109.70

109.38109 65122 43132.66138.10139.37

Common stock yields(percent)5

Dividend-priceratio6

6.59

6.576.135.805.804.954.084.094.353.973.23

3.472.983.373.173.013.003.403.203.073.24

3.833.142.843.064.474.313.774.625.285.47

5.265.205.81

4.805.004.884.864.985.03

5.185.165.695.655.545.57

5.956.066.285.995.976.28

6.316.325 635.124.924.93

Earnings-priceratio7

15,48

13 9911.829.47

10.268,577.957.557.896.235,78

5.904.625.825.505.325.596.635.735.67.6.08

6.455.415.507.12

11.599.158.90

10.7912.0313.46

12.6611.96

10.72

11.44

13.13

12.53

13.23

12.93

1 Averages of daily closing prices, except New York Stock Exchange data through May 1964 are averages of weekly closing prices.2 Includes all the stocks (more than 1,500) listed on the New York Stock Exchange.3 Includes 30 stocks.4 Includes 500 stocks.5 Standard & Poor's series, based on 500 stocks in the composite index.6 Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing

prices. Monthly data are averages of weekly figures; annual data are averages of monthly figures.7 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that

quarter. Annual ratios are averages of quarterly ratios.Note.—All data relate to stocks listed on the New York Stock Exchange.Sources: New York Stock Exchange, Dow Jones & Co., Inc., and Standard & Poor's Corporation.

267


TABLE B-93.—Business formation and business failures, 1929-82

Year or month

Indexof net

businessformation(1967=

100)

businessincorpor-

ations(number)

Business failures1

Businessfailurerate2

Number of failures

TotalLiability size class

Under$100,000

$100,000and over

Amount of current liabilities(millions of dollars)

TotalLiability size class

Under$100,000

$100,000and over

19291933 s1939"

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960196119621963196419651966196719681969

197019711972197319741975...1976197719781979

1980...1981...

104.886.4

90.890.194.592.490.898.295.491.491.198.1

94.591.192.894.798.099.598.9100.0107.6113.5

107.1109.5115.5115.5111.2108.8117.2126.5132.9131.7

121.1113.5

132,916112,89796,34685,640

93,09283,77892,946102,706117,411139,915141,163137,112150,781193,067

182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267

264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565

533,520581,242

103.9100.369.6

63.054.444.616.46.54.25.214.320.434.4

34.330.728.733.242.041.648.051.755.951.8

57.064.460.856.353.253.351.649.038.637.3

43.841.738.336.438.442.634.828.423.927.8

42.161.3

Seasonally adjusted

1981:Jan..,Feb..Mar..,

&

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

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

fcJune.July...Aug...Sept.

118.1117.1117.7118.0115.4114.6

113.1113.6111.5107.6108.8106.2

46,03948,58847,97249,41348,99749,172

49,03848,63148,45047,94749,41347,556

43,33047,23446,89946,87646,99545,936

44,52546,98145,552

48.647.847.661.862.060.8

65.953.387.069.465.772.2

22,90919,85914,768

13,61911,8489,4053,2211,222809

1,1293,4745,2509,246

9,1628,0587,6118,862

11,08610,96912,68613,73914,96414,053

15,44517,07515,78214,37413,50113,51413,06112,3649,6369,154

10,74810,3269,5669,3459,915

11,4329,6287,9196,6197,564

11,74216,794

1,1091,1331,2121,5571,4641,408

1,4321,1721,7771,6041,3681,558

8

22,165

14,541

13,40011,6859,2823,1551,176759

1,0033,1034,8538,708

8,7467,6267,0818,07510,226

5,6828,233

559546572736730711

739576879768655762

744979227

219163123664650126371397538

416432530787

10,11311,61512,547L3.49912,707

13,650L5.00613,77212,19211,346L1.34010,83310,1447,8297,192

8,0197,6117,0406,6276,7337,5046,1764,8613,7123,930

8561,0711,1921,4651,346

1,7952,0692,0102,1822,1552,1742,2282,2201,8071,962

2,7292,7152,5262,7183,1823,9283,4523,0582,9073,634

6,0608,561

550587640821734697

596898836713796

8

483.3457.5182.5

166.7136.1100.845.331.730.267.3

204.6234.6308.1248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8

938.61,090.11,213.61,352.61,329.21,321.71,385.71,265.2

941.01,142.1

1,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.4

4,635.16,955.2

341.4789.2485.3536.9428.2408.5

619.5450.4752.3897.9618.8626.7

261.5215.5132.9

119.910O.780.330.214.511.415.763.793.9

161.4

151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9

327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3

269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9

272.5405.8

27.625.728.044.835.132.3

37.727.542.636.730.737.2

221.8242.0

49.7

46.835.420.515.117.118.851.6

140.9140.7146.7

97.1128.0151.4226.6251.2243.0322.9348.2430.7413.9

611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699.9910.8

1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.5

4,362.66,549.3

313.8763.5457.3492.1393.1376.3

581.8422.9709.7861.2588.1589.5

81 Commercial and industrial failures only. Excludes failures of banks and railroads and, beginning 1933, of real estate, insurance,

holding, and financial companies, steamship lines, travel agencies, etc.2 Failure rate per 10,000 listed enterprises.3 Series revised; not strictly comparable with earlier data.4 Not available.Sources: Department of Commerce (Bureau of Economic Analysis) and Dun & Bradstreet, Inc.


AGRICULTURE

TABLE B-94.—Farm income, 1929-82


Year or quarter

192919331939

1940194119421943194419451946194719481949

19501951 ....19521953195419551956195719581959

19601961196219631964196519661967..19681969

1970197119721973197419751976197719781979

1980 . ...19811982"

1980:1||IllIV

1981.1IIIllIV

1982:|| | ...HIIV

Income of farm operators from

Gross farm income

Total1

13.86.9

10.7

11.314.319 923 324.025.429.632 436 530.8

33.138.337.834 434.233.534.034 839 037.9

38 940 542.343.442.346.550 550 551.856,4

58.762 071.098.898.0

1010101.9108.6127 3151.3

150 6166.8163.7

148.6145 2153 2155.4

161.8164 71715168.8

162.0163 0161.6168.1

Cash marketing receipts

Total

11.35.37.9

8.411.115.619.620.521.724.829.630.227.8

28.532.932.531.029.829.530.429.733.533.6

34.235.236.537.537.339.443.442.844.248,2

50.552.761.186.992.488.995.496.2

112.5131.7

139.5143.5142.9

135.3134.3143.6144.8

142.5142.3146 7142.5

143.4144.4143.2140.6

Livestockand

products

6.22.84.5

4.96.59.0

11.511.412.013.816.517.115.4

16.119.618.216.916.316.016.417.419.218.9

19.019.520.220.019.921.925.024.425.528.6

29.530.535.645.841.343.146.347.658.868.6

67.868.569.0

66.764.469.370.8

67.969.471.065.7

67.470.170.468.1

Crops

5.12.53.3

3.54.6658.19.29.7

11.013113112.4

12.413.214.314.113.613.514.012 314.214.7

15315716.317.417.417.518 418.418.719.6

21.022 325.541.151.145 849.048.653 763.1

71775.073.9

68.669 974 374.0

74.672 975 776.8

76.074 372.872.5

Value ofinventorychanges"

- 0 . 1- . 2

.1

.3

.41.1

- . 1- . 4- . 4

.0- 1 . 8

1.7- . 9

.81.2

.9- . 6

.5

.2

~.s.8.0

.4

.3

.6

.6- . 81.0

- . 1.7.1.1

.01.4.9

3.4- 1 . 6

3.4- 2 . 4

1.01.15.6

- 4 . 35.5

- . 2

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

2.55.37.27.0

- 1 . 0- . 5

.0

.5

arming

Produc-tion

expenses

7.74.46.3

6.97.8

10.011.612.313.114.517 018.818.0

19.522.322.821.521.822.222.723.725.827.2

27.428.630.331.631.833.736.538.239.542.1

44,447.252.165.472.075.883.390.2

100.6119.0

130.5141.6144.2

125.7128.7132.0135.4

139.0141.0143.2143.2

143.7144.2144.3144.6

Net farm income

Currentdollars

6.22.64.4

4.56.599

11.711.712.315.115 417.712,8

13.615.915.013.012.411.311.311.113.210.7

11.512.012.111.810.512.914.012.312.314.3

14.214.818.933.426.025.218.718.426.732.4

20.125.119.5

22.916.521.220.0

22.823.728.325.6

18.318.817.323.5

1967dollars3

12.06.6

10.6

10.714.720 222 722.222.825.823 024 517.9

18.920.518.816.215.414.113.813.115.212.3

13 013 313.312.811.313.714.412.311.813.0

12.212.215.125.117.615.611.010.213.614.9

8.29.26.7

9.56.88.57.8

8.68.8

10.29.1

6.56.65.98.0

JCash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney incomefurnished by farms.

2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.3 Income in current dollars divided by the consumer price index (Department of Labor).

Source: Department of Agriculture, except as noted.

269


TABLE B-95.—Farm output and productivity indexes, 1929-82

[1977 = 100]

Year

Farm output

Total *

44

42

48

5052585759

5860586362

6163666666

6969677374

7676778079

8279838585

8492919388

100104111

103115117

Crops2

Total8

48

43

49

5152585558

5659566461

5960626261

6363626968

7270717472

7673777980

7786879284

9392100102113

101116120

Feedgrains

38

35

40

4144514749

4751395750

5147504951

5454586466

6962626859

7070797578

71928891749196100108116

97121124

Foodgrains

39

27

36

4045484151

5355646253

4949635751

4850476955

6660565965

6767768074

698177869110810710093108

121143140

Oilcrops

6

5

14

1616232320

2019222726

2626262628

3034333936

3843444646

5355566465

6668748771

8674100105129

99114103

Live-stockandprod-ucts*

50

54

56

5760677269

6866656467

7073747477

7979787983

8286868991

8991949495

9910010199100

9599100101104

106108107

Productivity indicators

r«.mrarmoutputper

unit oftotalInput

45

45.

50

5253585657

5860586360

6061636464

6768687474

7778798281

8583858788

8794949590

9997100102106

100112114

Cropproduc-tionper

acre*

48

43

51

5354595558

5760576460

5959626261

6364657372

7778818381

8583868991

889€999988

9694100105113

99113118

Farm output per

Total

9

9

11

1213141414

1516161819

1920222324

2628293335

3739414547

5253586263

6674788179

8994100109119

112129131

Id 111) WVIP

Crops

10

10

12

1314151516

1618182020

2222242526

2830333837

4142454749

5659636668

7079848780

8991100105118

104121126

hour of

Live-stockandprod-ucts

14

13

14

1415161616

1617171818

1920212223

2425262831

3235374043

4549535559

6468737682

8593100109118

129138137

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",.

1 Farm output measures the annual volume of net farm production available for eventual human use through sales from farms orconsumption in farm households.1 Gross production.

3 Includes items not included in groups shown.* Computed from variable weights for individual crops produced each year.Source: Department of Agriculture.


TABLE B-96.—Farm input use, selected inputs, 1929-82

Year

Farm populationApril1

Num-ber

(thou-sands)

Asper-cent

oftotalpopu-

lation2

Farm employment(thousands)3

TotalFam-

ilywork-

ers

Hiredwork-

ers

Cropshar-

vested(mil-

lions ofacres)*

Selected indexes of input use (1977=100)

Total Farmlabor

Farmreal

estate

Me-chanicalpower

andmachin-

ery

culturalchemi-cals8

Feed,seed,andlive-

stockpur-

chases8

1929..

1933..

1939..

1940....1941..,.19421943....1944

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

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

1955....1956....195719581959

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

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

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

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

198019811982 "...

30,580

32,393

30,840

30,54730,11828,91426,18624,815

24,42025,40325,82924,38324,194

23,04821,89021,74819,87419,019

19,07818,71217,65617,12816,592

15,63514,80314,31313,36712,954

12,36311,59510,87510,45410,307

9,7129,4259,6109,4729,264

8,8648,253

'6,1946.5016,241

'6,051'5,790

25.1

25.8

23.5

23.122.621.419.217.9

17.518.017.916.616.2

15.214.213.912.511.7

11.511.110.39.89.3

8.78.17.77.16.7

6.45.95.55.25.1

4.74.54.64.54.3

4.13.8

'2 .8'2.97 2.8

'2 .7'2.5

12,763

12,739

11,338

10,97910,66910,50410,44610,219

10,00010,29510,38210,3639,964

9,9269,5469,1498,8648,651

8,3817,8527,6007,5037,342

7,0576,9196,7006,5186,110

5,6105,2144,9034,7494,596

4f5234,4364,3734,3374,389

4,3424,3744,1553,9573,774

3,7058 3,816

3,700

9,360

9,874

8,611

8,3008,0177,9498,0107,988

7,8818,1068,1158,0267,712

7,5977,3107,0056,7756,570

6,3455,9005,6605,5215,390

5,1725,0294,8734,7384,506

4,1283,8543,6503.5353,419

3,3483,2753,2283,1693,075

3,0262,9972,8592,6892,501

2,4022,4562,405

3,403

2,865

2,727

2,6792,6522,5552,4362,231

2,1192,1892,2672,3372,252

2,3292,2362,1442,0892,081

2,0361,9521,9401,9821,952

1,8851,8901,8271,7801,604

1,4821,3601,2531,2131,176

1,1751,1611,1461,1681,314

1,3171,3771,2961,2681,273

1,3031,3601,295

365

340

331

341344348357362

354352355356360

345344349348346

340324324324324

324302295298298

298294306300290

293305294321328

336337345338349

352366365

100

94

96

9798101102103

1019999100103

102105105104103

1031019998100

9898989898

9696989897

9798989898

9799100101104

103103

469

457

419

417411421416412

386371351342329

310310296285274

264249231222216

207198189183174

156147143138133

126123117115112

1071031009593

9290

106

99

104

106104102101100

101105105106107

108108107107107

107105104103104

102102103103103

102101103102101

10410210110098

9798100100100

101101

82868786

8687879093

9698100104107

105105

9101113

1314151618

1921232424

2627272832

3235384346

4956666973

7581869092

8396100107118

120123

28

26

37

3942444848

5049515256

5862636365

6669687377

7781838385

8689928993

9610210410799

93101100104111

108106

'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-31) because of differences in the method of approach, in concepts ofemployment, and in time of month for which the data are collected.4Acreage harvested plus acreages in fruits, tree nuts, and farm gardens.5 Fertilizer, lime, and pesticides.

sNonfarm constant dollar value of feed, seed, and livestock purchases.'Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total

population) for 1977, 1978, 1979, 1980 and 1981 is 7,806 and 3.5; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; and 6,942 and 3.0,respectively.8 Previous basis for farm employment series has been discontinued. Employment after 1980 is estimated.

Note.—Population includes Alaska and Hawaii beginning 1960.Sources.- Department of Agriculture and Department of Commerce (Bureau of the Census).


TABLE B-97.—Indexes of prices received and prices paid by farmers, 1940-82[1977-100]

Year or month

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

I96019611962196319641965 .. ..1966196719681969

1970197119721973197419751976197719781979

198019811982"1981:

JanFebMarAprMay......:..:::::::::::::::::JuneJulyAug ,Septoct I.::..:::::::::::::::;.NovDec

1982:JanFebMarApr|£yJune:::::::: ::::::::::::::::JulyAugSeptOctNovDec*

Prices received by farmers

Allfarmprod-ucts

22273542434552606355566663565451505155535253535352545855565960626998105101102100115132134138133

145144143143142142142138133130130128

132133133135139137136133136128129127

Crops

21253443464753615952546162555653545252515152545555535552525052566091117105102100105116125134122

144144145143142138138130120120121122

126123120123125125124119125114118116

Live-stockandprod-ucts

2329364141445060655658706456524947515753535253514954605760676767771049498101100124147144143144

146145141144143147147146145140138133

137142145147151149148147146142140138

Prices paid by farmers

Allcommod-ities,

services,interest,taxes,andwageratesl

18192225262830353836374142404040404243434444454545474949515355586271818995100108123

138150155

147148149150150150150151151150150150

153153154154155156156156156155156155

Production items

Total2

21222628303033394341424747444443434446464646474747485050505254576173839197100108125

138148150

146146147149149150148148148147147145

148148150150150151151151150149149149

Tractorsandself-pro-pelledmachin-ery

394042444749515458688291100109122136152165

142142146146146155155155159159159159

159159161161161167167167168168168168

Fertil-izer

3737414444454550555654575959595857585857575858575757565552484850525692120102100100108134144144

136136145145147147147147147144144143

143143147147146146146146146141141139

Fuelsand

energy

494950505152535457798893100105137188213211

201212216217216215214214214214214214

217215207200202212214213213212213209

Wagerates

781014171920222322222526272727282930323333343536384144485357596369798593100107117127136136

140140140135135135135135135135135135

136136136136136136136136136136136136

Adden-dum:Aver-agefarmreal

estatevalueper

acre3

777891011131414141618181819192122232425262729313335384042434753667586100109125145158157

158

157

1 Includes items used for family living, not shown separately.* Includes other items not shown separately.3 Average for 48 States. Annual data are for March 1 of each year through 1975, for February 1 for 1976 through 1981, and for April 1,

for 1982. Monthly data are for first of month.Source: Department of Agriculture.


TABLE B-98.—U.S. exports and imports of agricultural commodities, 1940-82


Year

19401941194219431944

19451946194719481949

1950195119521953 . .1954

19551956195719581959

I960.. ..1961196219631964

19651966196719681969

197019711972.19731974

197519761977 _19781979

19801981

Jan-Nov:19811982.

Exports

Total»

0.5.7

1.22.12.1

2.33.14.03.53.6

294.0342.83.1

3.24.24.53.94.0

4.8505.05.66.3

6.26.96.46.36.0

737.794

17.721.9

21.923 023.629.434.7

41.243.3

39.733.7

Feedgrains

(*4444

.1

.3

2.3

.3

.3

.4

.3

.6

.55.8.8.9

1.11.3

.9

.9

111.0153.54.6

5.2604.95.97.7

9.89.4

8.75.9

Foodgrains2

( ' l.4.7

1.41.51.1

61.111

'.5

.61.01.0.8.9

1.2141.31.51.7

1.41.81.51.41.2

141.31.84.75.4

6.2473.65.56.3

7.99.6

8.97.4

Oil-seedsand

prod-ucts

t*4

4(n

.2

.3

2

2.2.3

.4

.5

.5

.6

.6

.6

'.B1.0

1.21.21.31.3

. 1.3

192.22.44.35.7

4.5516.68.28.9

9.49.6

8.78.3

Cot-ton

0.2.1

.2

.3

4̂

!9

1.01.1

9

[B

.5

l.Q.7.4

1.0.9

'.B

.5

.4

.5

.5

.3

4.6.5.9

1.3

1.0101.51.72.2

2.92.3

2.01.8

To-bacco

.2

.2

.4

.3

'.3

.3

2

.3

.4

.3

.4

.4

.3

.4

.4

.4

.4

.4

.4

.5

.5

.5

.6

.5

7.7.8

.99

1.11.41.2

1.31.5

1.31.4

Ani-malsand

prod-ucts

0.1.3.8

1.21.3

.9

.9

.7,5.4

.3

.3A.5

.6

.7

.7

.5

.6

.6

.6

.6

'.B

.8

7.7.8

91.01.11.61.8

1.7242.73.03.8

3.84.2

3.93.6

Total *

1.31.71.31.51.8

1.7232.83.12.9

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

9.311013.414.816.7

17.416.8

15.414.0

Crops,fruits,and

vege-tabfes3

( 4I.1

.1

'.2

.2

,2

.2

.2

.2

'.2

1

.2

.3

.3

.4

.4

.5

.5

.5

.6

.7

.8

.8

.8

.91.21.51.7

1.72.0

1.92.2

mports

Ani-malsand

prod-ucts

0.2.3

A.3

.4

.4

.4

.6

.4

.71.1

J.6.5

.5

.4

7.8

.6

.9

.9

.8

.91.21.11.31.4

1.61.51.82.62.2

1.82.32.33.13.9

3.83.5

3.23.3

Cof-fee

0.1.2

!3

.3

'6

'.&

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

4.22.9

2.62.6

Cocoabeansand

prod-ucts

4

4444

Ki.1

.2

'.3

.2

.2

.2

.2

.2

.2

.2

.1

.1

.2

2

.3

.2

.2

.3

.5

.61.01.41.2

.9

.9

.9

Agri-culturatrade

balance

- 0 . 8- 1 0- . 1

6.3

.5

.81.2.37

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

- . 8.2.6

(4)- 1

1.0131.21.62.3

2.12.41.91.31.1

151.9299.3

117

12.612 010.214.618.0

23.926.6

24.319.7

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 commodities

are defined as (1) nonmarine food products and (2) other products of agriculture which have not passed through complex processes ofmanufacture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and othercharges to the port. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight,and marine insurance.

Source: Department of Agriculture.


TABLE B-99.—Balance sheet of the farming sector, 1929-83


Beginning ofyear

Assets

Total Realestate

Live-stock »

Other physical assets

Machin-ery andmotor

vehiclesCropss

House-hold

equip-mentand

furnish-ings

Financial assets

Depos-its

andcur-

rency

U.S.savingsbonds

Invest-ments incooper-atives

Claims

TotalReal

estatedebt

Otherdebt

Propri-etors'

equities

1929... 48.0 6.6 3.2 9.8

1933...

1939...

30.8

34.1

19401941194219431944

19451946194719481949

19501951195219531954

1955..,.1956195719581959....

19601961196219631964

19651966196719681969

19701971197219731974

1975 3

197619771978 ..1979

1980..,.1981....1982....1983*.

53.054.862.973.684.0

93.8102.9115.9127.4134.6

134.5154.3170.1167.6164.5

168.9173.6182.8191.3207.6

210.2210.9219.3227.6235.8

243.8260.8274.3288.0302.8

314.9326.0351.8394.8478.6

502.6576.3664.2736.3873.4

1,004.81,091.01.091.81.070.0

33.634.437.541.648.2

53.961.068.573.776.6

77.689.598.5

100.198.7

102.2107.5115.7121.8131.1

137.2138.5144.5150.2158.6

167.5179.2189.1199.7209.2

215.8223.2239.6267.3327.8

359.7418.1496.4554.7655.0

755.9830.0823,8789.1

5.15.37.19.69.7

9.09.7

11.913.314.4

12.917.119.514.811.7

11.210.611.013.917.7

15.215.616.417.315.9

14.517.619.018.820.2

23.523.727.334.142.4

24.529.429.031.951.3

61.460.853.658.3

3.13.34.04.95.4

6.55.45,37.4

10.1

12.214.116.717.418.4

18.719.320.220.121.8

22.722.222.523.523.9

24.826.027.429.831.3

32.334.436.639.344.2

54.764.071.077.085.1

96.7102.8111.4115.3

2.73.03.85.16.1

6.76.37.19.08.6

7.67.98.89.09.1

9.68.38.37.69.3

7.78:08.89.39.8

9.29.7

10.09.6

10.6

10.910.711.814.522.0

23.321.322.124.828.0

33.535.936.537.5

4.24.14.84.84.7

5.25.67.28.18.9

8.49.6

10.19.69.5

9.710.09.69.69.4

9.28.78.98.88.8

8.48.48.38.89.4

9.610.010.811.912.3

11.211.712.113.816.0

17.219.421.722.4

3.23.54.25.46.6

7.99.4

10.29.99.6

9.19.19.49.49.4

9.49.59.49.5

10.0

9.28.78.89.29.2

9.610.010.310.911.5

11.912.413.214.014.9

14.014.514.815.215.5

15.916.216.817.3

0.2.4.5

1.12.2

3.44.24.24.44.6

4.74.74.74.64.7

5.05.25.15,15.2

4.74.64.54.44.2

4.24.13.93.83.8

3.73.63.74.04.1

3.83.93.83.94.2

4.03,83.63.5

0.8.9.9

1.01.1

1.21.41.51.71.9

2.12.32.52.72.9

3.03.23.53.73.9

4.24.54.85.05.4

5.65.96.26.56.8

7.28.0

10.9

11.413,414.915.218.3

20.222.224.426.6

53.054.862.973.684.0

93.8102.9115.9127.4134.6

134.5154.3170.1167.6164.5

168.9173.6182.8191.3207.6

210.2210.9219.3227.6235.8

243.8260.8274.3288.0302.8

314.9326.0351.8394.8478.6

502.6576.3664.2736.3873.4

1,004.81,091.01,091.81,070.0

8.5

6.8

6.66.56.46.05.4

4.94.84.95.15.3

5.66.16.77.27.7

8.29.09.8

10.411.1

12.012.813.915.216.8

18.921.223.125.127.4

29.230.332,235.139.5

44.649.655.263.371.4

85.495.5

105.6110.0

3.44.04.13.93.5

3.43.13.54.16.1

6.97.07.98.99.2

9.59.89.5

10.012.6

12.713.414.616.217.6

17.919.520.922.323.1

23.824.127.429.833.8

37.041.948.759.469.4

80.486.496.1

105.0

43.044.352.563.875.1

85.495.0

107.5118.1123.3

122.1141.3155.5151.5147.6

151.2154.9163.4170.8183.9

185.4184.7190.9196.2201.4

207.0220.1230.2240.6252.3

261.9271.5292.2329.9405.3

421.0484.8560.3613.6732.6

839.0909.0890.1855.0

1 Beginning with 1961, horses and mules are excluded.3 Includes all crops held on farms and crops held off farms by farmers as security for Commodity Credit Corporation loans.9 Beginning 1975, data are for farms included in the new .farm definition, that is, places with sates of $1,000 or more annually.4 Forecast.Note.—Beginning I960, data include Alaska and Hawaii.Source: Department of Agriculture.


INTERNATIONAL STATISTICS

TABLE B-100.—Exchange rates, 1967-82

[Cents per unit of foreign currency, except as noted]

Year and month

March 1973

196719681969

19701971197219731974

19751976197719781979

198019811982

1981:III. ..IllIV

1982:1IIIllIV

March 1973

1967...19681969

19701971 .1972 .19731974

19751976197719781979

198019811982

1981:1IIIffIV

1982:

flIll(V

Belgian franc

2.5378

2.01252.00261.9942

2.01392.05982.27162.57612.5713

2.72532.59212.79113.18093.4098

3.42472.70072.1844

2.96332.68992.51572.6465

2.41662.22162.10172.0529

Netherlandsguilder

34.834

27.75927.62627.592

27.65128.65031.15335.97737.267

39.63237.84640.75246.28449.843

50.36940.19137.427

43.86439.56737.05740.500

38.83637.92036.60936.526

Canadiandollar

100.333

92.68992.80192.855

95.80299.021100.93799.977102.257

98.297101.41094.11287.72985.386

85.53083.40881.011

83.78483.42782.54783.918

87.72180.36680.02281.199

Swedish krona

22.582

19.37319.34919.342

19.28219.59221.02222.97022.563

24.14122.95722.38322.13923.323

23.64719.86015.914

21.97620.52018.86618.096

17.43216.92916.22913.660

French franc

22.191

20.32320.19119.302

18.08718.14819.82522.53620.805

23.35420.94220.34422.21823.504

23.69418.48915.199

20.60918.48417.24717.682

16.68615.94914.39614.143

Swiss franc

31.084

23.10423.W923.186

23.19924.32521.19331.70033.688

38.74340.01341.71456.28360.121

59.69751.02549.196

52.81849.09847.75754.726

53.35850.12447.27246.739

German mark

35.548

25.08425.04825.491

27.42428.76831.36437.75838.723

40.72939.73743.07949.86754.561

55.08944.36241.186

48.00843.95841.170. 44.508

42.63042.04840.26839.998

United Kingdompound

247.24

275.04239.35239.01

239.59244.42250.08245.10234.03

222.16180.48174.49191.84212.24

232.58202.43174.80

230.96207.91183.62188.22

184.61177.95172.41164.81

Italian lira

0.17604

.16022

.16042

.15940

.15945

.16174

.17132

.17192

.15372

.15338

.12044

.11328

.11782

.12035

.11694

.08842

.07386

.09995

.08827

.08232

.08352

.07932

.07575

.07169

.06968

Japanese yen

0.38190

.27613

.27735

.27903

.27921

.28779

.32995,36915.34302

.33705

.33741

.37342

.47981

.45834

.44311

.45432

.40151

.48644

.45491

.43172

.44572

.42821

.41003

.38614

.38697

Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)

Nominal

100.0

12O.0122.1122.4

121.1117.8109.199.1101.4

98.5105.6103.392.488.1

87.4102.9116.6

94.5103.1110.0105.4

109.9114.0119.8122.2

Real1

100.0

98.899.2

93.997.393.184.283.2

84.8100.8111.7

92.3100.3108.0102.7

106.0109.2115.3116.2

•Adjusted by the consumer price index for all urban consumers.Source: Board of Governors of the Federal Reserve System.


TABLE B-101.—£7.5. international transactions, 1946-82

[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits ( + )• debits ( }]

Year orquarter

Merchandise12

Exports Imports Net

Investment income3

Receipts Payments Net

Netmilitarytransac-

tions

Nettraveland

transpor-tation

receipts

Otherserv-ices,net a

Balanceon goods

andservices *A

Remit-tances,

pensions,and otherunilateraltransfers'

Balanceon

currentac-

count l *

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....

1980:I

IV

1981:I

IV

1982:

II111*..

11,76416,09713,26512,213

10,20314,24313,44912,41212,929

14,42417,55619,56216,41416,458

19,65020,10820,78122,27225,501

26,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107,088114,745120,816142,054184,473

224,237236,254

54,75255,84355,78657,856

60,68360,28457,69457,593

55,78055,17452,480

^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

-103,649

-98,041=-124,051= 151,689475,813

-211.819

-249,575264,143

-64,431-62,363-59,735=63,046

-64,995-66,831-65,539-66,778

-61,653- 60,869=64,938

6,69710,1245,7085,339

1,1223,0672,61114372,576

2,8974,7536,2713,4621,148

4,8925,5714,5215,2246,801

4,9513,8173,800

635607

2,603-2,260-6,416

911-5,343

9,047-9,306

-30,873-33,759-27,346

-25,338-27,889

-9,679-6,520-3,949-5,190

-4,312-6,547=7,845-9,185

-5,873-5,695

-12,458

7721,1021,9211,831

2,0682,6332,7512,7362,929

3,4063,8374,1803,7904,132

4,6164,9995,6186,1576,824

7,4377,5288,0209,368

10,912

11,74712,70714,76421,80827,587

25,35129,28632,17942,24564,129

72,68685,945

19,94416,01617,84818,877

20,52821,64222,04821,727

20,89022,56221,880

-212- 2 4 5-437=476

- 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

-1,237-1,245-1,324-1,561-1,784

-2,088-2 ,481-2,747-3,378-4,869

-5,516-5,436-6,572-9,655

-12,084

-12,564-13,311-14,217-21,680-32,914

-42,776-52,908

= 10,505-10,268-10,485-11,519

-12,405-13,441-13,865-13,198

-14,029-14,874-14,462

560857

1,4841,355

1,5092,0502,1962,1122,347

2,7303,1023,3842,9653,071

3,3793,7544,2944,5965,040

5,3495,0475,2735,9906,043

6,2317,2718,192

12,15315,503

12,78715,97517,96220,56531,215

29,91033,037

9,4395,7487,3637,358

8,1238,2018,1838,529

6,8617,6887,418

-493-455^799-621

-576-1,270-2,054-2,423-2,460

-2,701-2,788-2,841-3,135=-2,805

-2,752-2,596-2,449-2,304-2,133

-2,122-2,935-3,226-3,143=3,328

-3,354-2,893-3,420-2,070-1,653

-746559

1,528621

-2,035

-2,471-1,541

•=931-514-286-742

=-48758761

-528

167247527

733946374230

-12029883

-238-269

-297-361-189-633-821

-964-978

-1,152-1,309-1,146

-1,280-1,331-1,750-1,548-1,763

-2,038-2,345-3,063-3,158-3,184

-2,792-2,558-3,293-3,125-2,429

-940-231

-436= 216-114-174

-495-139200203

-66-=319-201

310145175208

242254309307305

299447482486573

579594809960

1,041

1,3871,3651,6121,6301,833

2,1802,4952,7663,1843,986

4,5984,7115,2245,9555,690

7,1447,702

1,6441,8081,8101,879

1.8381,9811,9601,924

2,0342,0502.140

7,80711,6176,9426,511

2,1774,3993,1451,1952,499

2,9285,1537,1073,1451,166

5,1326,3466,0257,1679,604

8,2855,9635,7083,5633,393

5,6252,269

= 1,94111,0219,309

22,8939,382

-9,451-9,743

5,095

8,30311,079

37306

4,8243,131

4,6672,9092,559

943

3,1233,9712,574

=2,922=2,625-4,525= 5,638

=4,017= 3,515-2,531-2,481-2,280

-2,498-2,423-2,345=2,361=2,448

-2,308-2,524-2,638=2,754-2,781

-2,854-2,932-3,125-2,952-2,994

-3,294-3,701-3,854-3,881

8 -7 ,186

=4,613-4,998-4,617-5,030-5,561

=6,783-6,608

= 1,837-1,306-1,444-2,195

-1,422-1,510-1,808= 1,870

-2,048-1,740-1,653

4,8858,9922,417

873

-1,840884614

= 1,286219

4302,7304,762

784-1,282

2,8243,8223,3874,4146,823

5,4323,0312,583

611399

2,331-1,433-5,795

7,1402,124

18,2804,384

-14,068-14,773

466

1,5204,471

-1,800-1,000

3,380936

3,2451,399

751-927

1,0752,231

-4,227

1 Excludes military.8 Adjusted from Census data for differences in valuation, coverage, and timing.o Fees and royalties from U.S. direct investments abroad or from foreign direct investments in the United States are excluded from

investment income and included in other services, net.4 In concept balance on goods and services is equal to net exports and imports in the national income and product accounts (and

the sum of balance on current account and allocations of special drawing rights is equal to net foreign investment in the accounts),although the series differ because of different handling of certain items (gold, extraordinary military shipments, etc.), revisions, etc.

6 Includes extraordinary U.S. Government transactions with India.See next page for continuation of table.


TABLE B-101.—U.S. international transactions, 1946-82—Continued

[Millions of dollars; quarterly data seasonally adjusted, except as noted]

Year orquarter

1946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981

1980:

IIIIIIV

1981:1IIIllIV

1982:1II| | | p

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

-39,703-51,269-34,785-61,130-64.344

-86,026-109,294

-12,916-24,962-19,635-28,512

-22,796-21,566-17,257-47,677

-31,201-37,790-26,364

U.S.officialreserveassets6

- 6 2 33 315

-1,736266

1,758- 3 3415

1,256480

182869

-1,1652,2921,035

2,145607

1,535378171

1,22557053

- 8 7 0-1,179

2,4812,349

158-1,467

- 8 4 9-2,558

- 3 7 5732

-1,133

-8,155-5,175

-3,268502

-1,109-4,279

-4,529- 9 0 5

262

-1,089-1,132

- 7 9 4

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

«366

-3,474-4,214-3,693-4,660- 3 > 4 3

-5,126-5,137

-1,438-1,143-1,390-1,154

-1,375-1,518-1,257

- 9 8 7

- 9 0 4-1,547-2,418

U.S.privateassets

5,144-5,235

4,623-5,986

8,050

5,336-6,347-7,386-7,833-8,206

10,22912,940

-12,92520,388

-33,643

-35,38044,498

-30,717-57,202

59,469

-72,74698,982

-8,21024,32117,136

-23,079

16,892-19,143-15,996-46,952

-29,20835,111

-23,152

Foreign assets in the U.S., net[increase/capital inflow ( + )]

Total

2,2942,7051,9113,2173,643

7423,6617,3799,928

12,702

6,35922,97021,46118,38834,241

15,67036,51851,31964,03638,460

54,48477,921

7,8658,616

12,64725,356

8,47013,46416,88039,107

25,08029,61916,054

Foreignofficialassets

1,473765

1,2701,9861,660

134- 6 7 23,451- 7 7 4

-1,301

6,90826,87910,4756,026

10,546

7,02717,69336,81633,678

-13,697

15,4424,785

7,4217,6447,5417,678

5,361-2,861-5,835

8,119

-3,1221,9982,102

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002

- 5 5 0-3,90910,98612,36223,696

8,64318,82614,50330,35852,157

39,04273,136

15,286972

5,10617,677

3,10916,32422,71530,988

28,20227,62113,952

Alloca-tions ofspecialdrawingrights(SDRs)

867717710

1,1*39"

1,1521,093

1,152

1.093

Statisticaldiscrepancy

Total(sum of

the itemswith signreversed)

- 1 0 1 9- 9 8 9

-1,124- 3 6 0- 9 0 7

- 4 5 8629

- 2 0 5438

-1,516

- 2 1 9-9,779-1,879-2,654-1,620

5,75310,367

-2,46511,86625,212

28,87025,809

5,70017,3463,6082,219

9,9886,703- 3 7 49,497

5,0455,940

14,537

Of which:Seasonaladjust-ment

discrep-ancy

- 6 4 3795

-2,7542,605

-=829503

-2,1442,474

- 8 9 9574

-1,973

e Consists of gold, special drawing rights, convertible currencies, and the U.S. reserve position in the International Monetary Fund(ItVlrJ.

Note.—Quarterly data for U.S. official reserve assets and foreign assets in the United States are not seasonally adjusted.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-102,—U.S. merchandise exports and imports by principal end-use category, 1965-82

[Millions of dollars; quarterly data seasonally adjusted]

Year or quarter

1965 .. .1966196719681969

19701971197219731974

19751976197719781979

19801981

1980:1||IllIV

1981:|||IIIIV

1982:III|[|P

Exports

Total

26,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107.088114,745120,816142,054184,473

224,237236.254

54,75255.84355,78657.856

60,68360,28457,69457,593

55,78055,17452,480

Agricul-tural

6.3056,9496,4536,2976,096

7,3747,8319,513

17.97822,412

22,24223,38124,33129,90235,594

42,15644,264

10,15910,15910,70611,132

12,57511,1519,947

10,591

10,51010.6738,496

Nonagricultural

Total

20,15622,36124,21327,32930,318

35,09535,48839,86853,43275,894

84,84691,36496,485

112,152148,879

182,081191,990

44,59345,68445,08046,724

48,10849,13347,74747,002

45,27044,50143,984

Capitalgoodsexceptauto-

motive

8,0528,9079,934

11,11112,369

14,65915,37216,91421,99930,878

36,63939,11239,76746,47058,842

74,17881,666

17,07018,45818,96519,685

20,12221,10720,23620,201

19,35419,31018,571

Othergoods

12,10413,45414,27916,21817,949

20,43620,11622,95431,43345,016

48,20752,25256,71865,68290,037

107,903110,324

27,52327,22626,11527,039

27,98628,02627,51126,801

25,91625,19125,413

Imports

Total

21,51025,49326,86632,99135,807

39,86645,57955,79770,499

103,649

98,041124,051151,689175,813211,819

249,575264,143

64,43162,36359,73563,046

64,99566,83165,53966.778

61,65360,86964,938

Petro-leumand

products

2.0342,0782,0912,3842,649

2,9273,6504,6508,415

26,609

27,01734,57344,98342,31260,482

79,41477,579

21,04920,83417,73519,796

20,53320,79818,15818,091

15,65213,41616,453

Nonpetroleurr

Total

19,47623,41524,77530,60733,158

36,93941,92951,14762,08477,040

71,02489,478

106,706133,501151,337

170,161186,564

43,38241,52942,00043,250

44,46246,03447,38248,687

46,00147,45348,485

Indus-trial

suppliesand

materi-als

9,12310,2359,956

12,02711,798

12,41613,79416,30819,63627.819

24.01329,75935,67042,54249,880

55,63260,281

15,33113,62413,16713,510

14,47415,20515,49815,102

14,23013,42213,485

Othergoods

10,35313,18014,81918,58021,360

24,52328,13534,83942,44849,221

47,01159,71971,03690,959

101,457

114,529126.283

28,05127,90528,83329,740

29,98830,82931,88433,585

31,77134,03135,000

Note, - Data are on an international transactions basis and exclude military shipments.Source: Department of Commerce, Bureau of Economic Analysts.


TABLE B-103.—U.S. merchandise exports and imports by area, 1973-82


Item 1973 1974 1975 1976 1977 1978 1979 1980 1981

1982 first3 quartersat annual

rate*

Exports

Industrial countries

CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Other countries, exceptEastern Europe

OPEC2...Other3..

Eastern Europe

Imports

Industrial countries...

CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Other countries, exceptEastern Europe...

OPEC 2...Other'...

71,410

48,529

16,7108,356

21,216

2,247

20,834

3,41417,420

2,047

70,499

48,985

17,6949,665

19,774

1,852

20,913

5,09715,816

98,306

64,487

21,84210,72428,164

3,757

32,082

6,21925,863

1,737

103,649

61,092

22,39212,41424,267

2,019

41,580

17,23424,346

107,088

66,496

23,5379,567

29,884

3,508

37,343

9,95627,387

3,249

98,041

55,973

21,71011,25720,764

2,242

41,334

18,89722,437

114,745

72,335

26,33610,19631,883

3,920

38,287

11,56126,726

4,123

* 124,051

67,488

26,47515,53123,003

2,479

55,379

27,40927,970

120,816

76,970

28,53310,56634,094

3,777

40,951

12,877

28,074

2,895

451,689

79,228

29,64518,56528,226

2,792

70,680

35,77834,902

142,054

87,948

31,22912,96039,546

4,213

50,213

14,84635,367

3,893

'175,813

99,151

33,55224,54136,618

4,440

74,402

33,28641,116

184,473

115,930

38,69017,62954,177

5,434

62,630

14,53748,093

5,913

'211,819

112,600

39,02026,26141,826

5,493

96,137

45,03951,098

224,237

137,152

41,62620,80667,603

7,117

82,942

17,36465,578

4,143

1249,575

127,702

42,69731,21747,255

6,533

119,142

55,60263,540

236,254

141,134

45,25021,79665,090

8,998

90,636

21,09369,543

4,461

•264,143

143,395

47,31637,59852,873

5,608

119,196

49,93469,262

Eastern Europe... 601 977 734 875 1,127 1,508 1,896 1,444 1,552

217,912

130,069

40,09920,83960,952

8,180

83,820

21,10362,717

4,023

-•249,947

145,681

48,86338,77552,955

5,089

103,102

32,43370,669

1,132

1 Preliminary; seasonally adjusted.2 Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.3 Latin American Republics, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.4 Trade with international organizations is included in totals for 1976-82, but not in area detail. This includes imports ofnonmonetary gold from International Monetary Fund in 1976-80; an export of tin to International Tin Council (ITC) in 1981; and animport of tin from ITC in 1982.

Note.—Data are on an international transactions basis and exclude military.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-104.—U.S. merchandise exports and imports by commodity groups, 1960-82[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

Totaldomes-tic andforeign

exports3

Merchandise exports1

Domestic exports

T o t a l 2 3

Food,

andtobacco

Crudemateri-als andfuels4

Manu-facturedgoods

Merchandise imports

General imports"

Total3

Food,bever-ages,and

tobacco

Crudemateri-als andfuels*

Manufacturedgoods

Total,elf.

value7

Merchandise trade balance

Exportsless

imports,customs

value

Exportsless

imports,f.a.s.

Exportsless

imports,elf.

F.a.s. value8 Customs value

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

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

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

1974*1975*1976*1977*1978*1979*1980

198119821981:

JanFebMar....

June..July...Aug.,.Sept..oeSNov...Dec...

1982:JanFebMar...

tpJune..July...Aug...Sept..OclNov...Dec...,

19,65920,22620,98622,46725,832

26,74229,49031,03034,06337,33242,65943,54949,19970,82397,998

98,092107,652115,223121,232143,681181,860220,630

233,677212,193

18,90219,78821,27819,78618,89919,750

19,28919,03119,55119,16319,15318,885

18,73718,70418,60217,84318,21818,822

18,02717,49817,38716,69815,69316,335

19,45919,98220,71722,18225,479

26,39929,05430,64633,62636,788

42.02542,91148,39969,73096,634

96,679106,161113,549119,024141,142178,633

216,515

228,899207,076

18,53619,46520,84319,37718,52819,340

18,91918,72019,10818,73318,75118,377

18,35018,34118,12717,44117,80718,386

17,63817,17716,65116,31015,31715,902

3,1673,4663,7434,1884,637

4,5195,1864,7104,5924,446

5,0585,0766,56912,93815,233

15,23316,79317,23415,96320,60424,587

30,407

33,20626,977

2,9342,9433,3042,8912,6672,573

2,5492,4702,7722,9202,6752,515

2,2792,4822,6732,5062,4782,4211,8962,1621,9092,1322,0861,943

3,9423,8643,3563,7754,337

4,2734,4044,7264,8655,006

6,6926,4417,091

10,73515,802

15,80215,19716,09518,57920,95728,22233,719

33,02233,518

2,8152,9583,2192,5302,5262,342

2,4302,6622,7952,8632,8722,934

3,0763,4343,1512,8982,9122,797

2,6172,6422,8322,6652,3612,420

12,58312,78413,66814.29716,529

17,43319,21820,84423,81826,785

29,34430,44333,74044,73163,523

15,07314,76116,46417,20718,749

21,42725,61826,88933,22636,043

39,95145,56355,58369,476

101,394

3,3923,4553,6743,8634,022

4,0134,5904,7015,3655,308

6,2306,4047,3799,235

10,701

4,4184,3344,6914,7555,029

5,4405,7185,3676,0316,3916,5427,2688,838

13,44631,842

6,8636,5377,6498,0709,106

11,24414,44615,75620,62423,01125,90730,41437,76745,00156,202

F.a.s. value 8

63,52370,95177,24180,15194,473116,587

143,891

154,283139,716

12,06512,81313,55813,27612,61913,456

13,06012,99112,94712,45812,59012,318

12,46311,87611,82211,42811,83712,563

12,59011,88211,33410,98710,36910,660

102,55998,503123,477150,390174,757209,458

244,871

10,7099,92311,89114,22715,74317,735

32,06432,59641,47453,55451,90171,390

18,551 93,973 125,122

55,22351,08064,77576,554100,317112,226

Customs value

260,982243,952

22,61621,91621,02922,24921,23222,005

20,11423,24221,27423,07722,50819,746

22,82919,09020,34917,38720,55821,310

19,55923,49420,64421,09618,93718,865

18,35017,817

1,7361,5891,6121,4711,6651,472

1,3901,4791,3931,5831,4131,542

1,3401,1541,5291,4351,5691,567

1,3891,6171,5811,6671,4981,469

92,87374,404

8,9769,0997,4718,8787,1468,249

6,5767,7797,4117,6427,4686,174

8,2695,8455,7175,0334,9066,198

6,6457,1685,9686,7115,7706,181

142,475.144,022

11,27810,75011,37911,32511,81611,645

11,62213,36111,97113,12712,82611,414

12,58411,52712,40210,33713,21912,89910,98214,11112,43412,02811,03810,621

28,74535,32038,241

42,42948,34258,86273,573

108,392

110,875105,880132,498160,411186,045222,228

256,984

273^352254,885

23,67922,91721,98323,26622,24823,033

21,07424,39822,31724,19423,56820,699

23,87019,90021,23718,16521,50922,259

20,44924,57821,58022,02419,78319,701

4,5865,4654,5225,2607,083

5,3113,8724,141

8371,289

2,708-2,014-6,384

1,348-3,396

-4,4679,149

-8,254-29,158-31,076-27,599=24,241

27,30531,759

-3,714-2,127

249-2,463-2,333-2,255

- 8 2 5-4,212-1,724-3,914-3,356

- 8 6 1

41,747

4562,3402,4881,5325,9963,2574,3983,2442,529

2,283-1,257

- 9 0 9230

-4,793-9,663

2,752-10,395

-12,7831,772

-17,274-39,179-42,364-40,368

=36,354

=39,675=42,691

-4,777=3,129

-7053,480

-3,349-3,283

-1,784=5,367= 2,766-5,031=4,415-1,814

= 5.134-1,197= 2,635

-322=3,291-3,437

=2,422-7,080-4,192=5,326-4,090-3,366

1 Beginning 1960, data have been adjusted for comparability with the revised commodity classifications effective in 1965.2 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excludedfrom total exports.

9 Total includes commodities and transactions not classified according to kind.4 Includes fats and oils.5 Includes machinery, transportation equipment, chemicals, metals, and other manufactures. Export data for these items include

military grant-aid shipments through 1977 and exclude them thereafter.8 Total arrivals of imported goods other than intransit shipments.7 C.i.f. {cost, insurance, and freight) import value at first port of entry into United States. Data for 1967-73 are estimates.6 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.

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 for 1980 and 1981 include trade of the U.S. Virgin Islands, except that for 1980 Virgin Islands exports are reflected only in thefigures for domestic and foreign exports combined, total domestic exports, and trade balance.

*Data for 1974=79 for domestic and foreign exports combined, total domestic exports, total general imports, and trade balanceInclude trade of the Virgin Islands.

Source: Department of Commerce (Bureau of the Census and International Trade Administration, Office of Trade Investment andAnalysis, Trade Performance Division).


TABLE B-105.—International investment position of the United States at year-end, selected years, 1970-81


Type of investment 1970 1972 1974 1976 1978 1979 1980 1981

Net international investment position of the United States..U.S. assets abroad

U.S. official reserve assets..GoldSpecial drawing rights (SDRs)Reserve position in the International Monetary

Fund (IMF)Foreign currency reserves

Other U.S. Government assets..U.S. loans and other long-term assetsU.S. short-term assets other than reserves

U.S. private assetsDirect investments abroad (book value)Foreign securitiesClaims on foreigners reported by U.S. banks, not

included elsewhereClaims on unaffiliated foreigners reported by

U.S. nonbanksForeign assets in the United States-

Foreign official assetsU.S. Government securitiesl

Other U.S. Government liabilitiesLiabilities reported by U.S. banks, not included

elsewhereOther official assets

Other foreign assetsDirect investments in the United States (book

value)Liabilities reported by U.S. banks, not included

elsewhereU.S. Treasury securitiesOther U.S. securities2

Liabilities to unaffiliated foreigners reported byU.S. nonbanks

58.6165.5

14.5

11.1.9

1.9.6

32.1

29.72.5

118.8

75.521.0

13.8

8.5

106.8

26.1

17.71.7

6.7.0

80.7

13.3

22.71.2

34.7

8.8

37.1

199.0

13.2

10.52.0

.5

.236.1

34.12.0

149.7

89.927.6

20.7

11.4

161.8

63.2

52.91.6

8.5.2

98.7

14.9

21.21.2

50.7

10.7

58.8

255.7

15.9

11.72.4

1.9.0

38.4

36.32.1

201.5

110.128.2

46.2

17.0

196.9

79.8

58.12.6

18.4.6

117.1

25.1

41.81.7

34.9

13.6

83.8

347.2

18.7

11.62.4

4.4.3

46.044.1

1.9

282.4136.844.2

81.1

20.3

263.4

104.2

72.68.8

17.25.6

159.1

30.8

53.57.0

54.9

13.0

76.2

447.9

18.7

11.71.6

1.04.4

54.252.3

1.9

375.0162.753.4

130.8

28.1

371.6

173.0

128.512.7

23.38.5

198.7

42.5

77.78.9

53.6

16.0

94.9

510.6

19.0

11.22.7

1.33.8

58.456.5

1.9

433.2187.9

56.8

157.0

31.5415.7159.7

106.612.6

30.59.9

256.0

54.5

110.314.258.6

18.4

121.6

606.9

26.8

11.22.6

2.910.1

63.561.9

1.7

516.6

215.662.5

203.9

34.7

485.3

175.8

118.213.1

30.414.1

309.4

68.4

121.116.174.1

29.8

160.3

717.4

30.1

11.24.1

5.19.8

68.5

67.21.3

618.8

227.362.9

293.5

35.0

557.1

180.1

125.113.1

26.315.6

377.1

89.8

164.718.575.3

28.9

1 Includes Treasury and agency issues of securities.2 Corporate and other bonds and corporate stocks.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-106.— World trade: Exports and imports, 1965, 1970, 1975, and 1979-82

[Billions of U.S. dollars]

Area and country

Developed countries'.

United StatesCanadaJapan

European Community4

FranceWest GermanyItalyUnited Kingdom..,

Other developed countries..

Developing countries

Oil exporting countries8

Other

Communist countries0..

U.S.S.REastern Europe....China

TOTAL...

Developed countries3..

United States..CanadaJapan

European Community4

FranceWest GermanyItalyUnited Kingdom




Other


U.S.S.REastern Europe..China

TOTAL..

1965 1970 1975 1979 1980 1981

130.1

27.58.48.5

65.2

10.217.97.2

13.8

20.5

40.2

10.529.6

23.2

8.211.82.0

193.5

137.5

23.28.78.2

70.5

10.417.67.4

16.1

27.0

43.5

6.437.2

22.5

8.011.61.8

203.5

Exports, f.o.b. *

226.7

43.216.719.3

113.6

18.134.213.219.6

33.7

61.7

17.544.2

34.9

12.818.22.2

323.3

585.7

108.134.155.7

300.6

53.190.234.844.5

87.1

226.5

113.6113.0

90.5

33.445.37.3

902.7

1,085.7

182.058.3

102.3

577.2

100.7171.872.286.4

165.8

452.8

214.3238.5

170.4

64.977.913.5

1,708.9

1.283.9

220.867.7

130.4

665.8

116.0192.977.7

110.1

199.1

608.8

301.2307.6

203.1

76.487.518.9

2,095.8

1.258.9

233.772.6

151.5

612.8

106.4176.175.3

102.7

188.2

606.1

276.4329.6

213.2

79.491.121.4

2,078.2

Imports, c.i.f.7

237.8

42.714.318.9

118.9

19.129.915.022.0

43.1

67.8

9.957.9

34.1

11.718.52.2

339.7

618.1

105.936.257.8

306.4

54.074.938.453.3

111.8

221.6

52.8168.9

100.8

37.151.37.4

940.5

1,182.7

222.257.0

109.8

611.1

107.0159.677.999.6

182.6

408.0

100.1307.8

170.9

58.083.015.7

1,761.6

1,427.1

257.062.8

141.3

729.2

134.9188.099.5

115.8

236.8

540.1

137.2402.9

202.8

$8.593.120.9

2,170.0

1,358.3

273.470.0

142.9

644.2

121.0163.991.1

102.0

227.9

595.2

162.0433.2

211.2

73.297.319.6

2,164.7

1982 l

1,199.7

212.971.1

140.3

599.3

96.4175.777.395.5

176.1

525.9

212.8313.1

215.6

80.990.123.0

1,941.2

1,290.4

261.460.8

132.0

628.1

116.6154.990.5

100.1

208.1

562.4

163.9398,5

209.3

80.189.219.1

2,062.1

1 Preliminary estimates.2 Free-cn-board ship value.3 Includes the OECD countries, South Africa, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.6 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Oman, Qatar, Saudi Arabia, United Arab Emirates, and

Venezuela.•Includes North Korea. Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.'Cost, insurance, and freight value; except Eastern Europe (except Hungary) and U.S.S.R., which are f.o.b (free on board).Sources: International Monetary Fund, Organization for Economic Cooperation and Development, and Council of Economic Advisers.


TABLE B-107.— World trade balance and current account balances, 1965, 1970, 1975, and 1979-82

[Billions of U.S. dollars]

Area and country 1965 1970 1975 1979 1980 1981 1982»

Developed countries3

United States....CanadaJapan

European Community4

FranceWest GermanyItalyUnited Kingdom....

Other developed countries


Oil-exporting countries5

Other ..



TOTAL7...


United States..CanadaJapan

European Community4

FranceWest GermanyItalyUnited Kingdom....

Other developed countries ,


Oil exporting countries5..Other.. *

Communist cour


TOTAL..

- 7 . 4

4.3- . 2

- 5 . 3

- . 2

-2-2.3

- 6 . 4

- 3 . 3

4.2- 7 . 5

.2

'2

-10.0

3.2

5.4-1,1

.4-1 .6

2.2- . 1

- 2 . 9

World trade balance2

-11.2

is

-5 .2

-1 .04.3

-1 .8-2 .4

- 9 . 4

-6 .1

7.6-13.6

.«

1.1

~!o-16.4

-32.5

2.2-2 .1-2 .1

-5 .7

152-3 .6-8 .8

-24.7

4.9

60.8-55.9

-10.3

-3 .7-6 .0

-37.8

-97.1

-40.21.3

-7 .5

-33.9

-6 .312.2

-5 .7-13.2

-16.8

44.8

114.2-69.4

- .5

6.9-5 .1-2 .2

-52.7

-143.2

-36.24.9

-10.9

-63.3

-18.94.9

-21.8-5 .7

-37.7

68.6

164.0-95.4

.3

7.9-5 .6-2 .0

-74.2

-99.4

-39.62.68.6

-31.4

-14.512.2

-15.8

-39.7

10.8

114.4-103.6

2.0

6.2-6 .1

1.8

-86.5

Current account balances8

4.7

2.3

2!o

2.8

- . 1.9.9

2.0

-3 .1

-1 ,8

- .1

- 2 . 7

18.3-4 .7- . 6

2.5

1.64.0

- . 6

-3 .4

-18.2

-16.519.4

-35.9

-11.2

-4 .7-6 .4

- 3 0 . 4

-29.8

-A2-8 .7

- 8 . 7

5.2-6 .1

5.4-1 .7

-7 .7

-18.3

27.9-46.2

-4 .9

3.8-7 .6-1 .1

- 5 3 . 0

- 7 0 . 6

1.5- . 9

-10.7

- 3 7 . 3

- 3 . 6-16.4

- 9 . 8

6.9

-23.2

-1 .372.1

-73.4

- 3 . 0

3.5-5 .5-1 .0

- 7 4 . 9

-40.1

4.2-4 .4

5.1

-14.2

-3 .0-7 .1-8 .512.4

- 3 0 . 7

- 2 5 . 0

56.5-81.5

2.7

2.7-3 .5

3.5

- 6 2 . 4

-90.7

- 4 8 . 510.38.3

- 2 8 . 8

-20.220.8

-13.2

-4 .6

-32.0

-36.548.9

- 8 5 . 4

6.3

.8

.83.9

-120.9

- 4 3 . 8

-8 .81.06.5

-17.0

-11.5

-"sis4,5

-25.5

-61.02.0

-63.0

6.7

3.1- 2 . 0

5.6

-98.1

1 Preliminary estimates.2 Exports f.o.b. (free-on-board ship value) less imports c.i.f. (cost, insurance, and freight).3 Includes the OECD countries. South Africa, and non-OECO Europe.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.* Includes Afgeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Oman, Qatar, Saudi Arabia, United Arab Emirates, and

Venezuela.• Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.7 Asymmetries arise in global payments aggregations because of discrepancies in coverage, classification, timing, and valuation in the

recording of transactions by the countries involved.8 OECD basis.Sources: International Monetary Fund, Organization for Economic Cooperation and Development, and Council of Economic Advisers.

283


TABLE B-108.—International reserves, selected years, 1952-82

[Millions of SDRs; end of period]

Area and country

All countries *.

Industrial countries3

United States....CanadaAustraliaJapanNew Zealand

AustriaBelgiumDenmark...FinlandFrance

GermanyIcelandIrelandItalyNetherlands

NorwaySpainSwedenSwitzerlandUnited Kingdom..

Oil-exporting countries..

AlgeriaIndonesiaIranIraqKuwait

LibyaNigeriaOmanQatarSaudi Arabia..

United Arab Emirates..Venezuela

Non-oil developing countries..

AfricaAsiaEuropeMiddle EastWestern Hemisphere..

1952

a 49,391

38,582

24,7141,944

9201,101

183

1161,133

150132686

9608

318722953

164134504

1,6671,956

1,699

31417713150

500

443

8,576

1,2023,407

966825

2,175

1962

62,851

52,535

17,2202,5611,1682,021

251

1,0811,753

256237

4,049

6,95832

3594,0681,943

3041,045

8022,9193,308

2,030

18610821119397

96289

268

583

8,171

1,6352,5501,346

9401,700

1972

147,443

110,282

12,1125,5725,65616,916

767

2,5053,564787664

9,224

21,90878

1,0385,6054,407

1,2204,6181,4536,9615,201

10,071

454531885720335

2,69434614956

2,303

1,595

26,132

3,1686,6406,4282,4027,494

1979

306,995

180,775

15,1702,9511,359

15,667344

3,8325,3072,5141,204

16,212

43,225125

1,69316,1497,301

3,24110,5502,88015,39115,626

56,318

2,2143,093

11,682

2,268

4,9024,235

445228

14,790

1,1075,958

68,703

4,28623,2057,4007,442

26,370

1980

358,706

211,490

21,4793,1591,603

20,164277

4,8797,3302,7121,501

24,301

40,976138

2,25520,47710,669

4,7839,8132,893

15,19016,851

73,601

3,1534,311

3,169

10,3728,049

692286

18,536

1,6005,579

71,776

4,44424,9478,0608,311

26,014

1981

375,793

212,732

25,5023,7551,713

25,083580

5,2795,4512,2461.319

21,991

40,892199

2,29019,6319,562

5,4149,7943,30614,92513,757

81,428

3,3704,416

3,583

7,8603,371988339

27,855

2,7757,415

75,303

4,17527,4418,1599,001

26.527

1982

Novem-ber

364,589

207,396

30,4153,3965,539

22,150523

5,1575,0862,0041,254

15,230

43,580132

2,15114,60510,056

6,808* 7,675

3,49915,44812,770

76,989

2,5113,041

5,263

6,2391,128

• 1,049

26,929

* 2,9576,721

73,035

4,21832,628

6,9728,753

20,464

1 Includes Taiwan, not shown in area detail.8 Includes Cuba.3 Includes Luxembourg.4 Data are for October 1982.Note.—International reserves is comprised of monetary authorities' holdings of gold, special drawing rights (SDRs), reserve positions

in the International Monetary Fund, and foreign exchange. Data exclude U.S.S.R., other Eastern European countries, and Cuba (after1960).

U.S. dollars per SDR (end of period) are: 1952 and 1962—1.00000; 1972—1.08571; 1977—1.21471; 1978—1.30279; 1979—1.31733; 1980=1.27541; 1981-1.6396; and November 1982-1.07953.

Source: International Monetary Fund, "International financial Statistics,"

284


TABLE B-109.—Growth rates in real gross national product, 1960-82

[Percent change]

Area and country1960-73annualaverage

1974-81annualaverage

1978 1979 1980 1981 1982 iU.S. dollarvalue in

1981(billions)2


United States..Canada

European Community 4

FranceWest Germany....ItalyUnited Kingdom..




Other



TOTAL..

5.1

4.15.6

10.4

4.7

5.84.75.23.1

5.1

5.8

5.2

5.24.16.5

5.2

2.7

2.72.64.4

1.9

2.52.22.1

.9

1.9

4.4

3.74.6

2.7

2.31.85.9

2.9

4.1

4.83.75.1

3.1

3.73.62.73.3

2.1

4.3

6.73.3

4.2

3.43.0

12.3

3.8

3.5

3.23.05.6

3.4

3.54.34.91.4

-1.7

4.1

3.24.51.6

1.36.9

2.8

1.2

- . 2.0

4.2

1.3

1.61.84.0

-1 .7

4.0

4.52.05.6

1.9

1.5.4

6.9

1.8

1.4

2.03.02.9

- . 4

.3- . 3- . 2- . 8

5.2

2.7

- . 53.1

1.2

1.8-1 .0

3.0

1.8

- . 5

- 1 . 8- 5 . 0

2.5

.3

1.5- 1 . 3

.8

.5

1.2

1.4

1.6

2

7,020

2,926280

1,150

2,420

577687299502

245

1,965

5401,425

2,740

1,587671328

11,725

1 Preliminary estimates.2 Estimates based on conversion at average rates of exchange for 1980, except for those of the Communist countries, which wereconverted at U.S. purchasing power equivalents.

3 Includes the OECD countries, South Africa, and non-OECD Europe.4 Includes Belgium-Luxembourg, Denmark, Greece, Ireland, and the Netherlands, not shown separately.• Not available .6 Includes Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Oman, Qatar, Saudi Arabia, United Arab Emirates, and

Venezuela.7 Includes North Korea, Vietnam, Albania, Cuba, Mongolia, and Yugoslavia, not shown separately.Sources: Department of Commerce, International Monetary Fund, Organization for Economic Cooperation and Development (OECD), and

Council of Economic Advisers.


TABLE B-110.—Industrial production and consumer prices, major industrial countries, 1960-82

[1967-100]

Year or quarter

I9601961 • ...196219631964

19651966196719681969

19701971197219731974

19751976197719781979

198019811982 p

1981:IIIIllIV

1982:|IIHI .IV »

UnitedStates

66.266.772.276.581.7

89.897.8

100.0106.3111.1

107.8109.6119 7129.8129.3

117.8130.5138.2146.1152.5

147.0151.0138.6

151.8152.5153.0146.3

141.8139 4138.2135.1

Canada

63.165.671.275.782.6

89.796.2

100.0106.4113.7

115.3121.5130.7144.6149.2

140.3148.5152.2157.8167.4

164.6167.3

167.8172.8168.1160.7

156.1151.9147.7

Japan

43.051.255.461.771.4

74.283.8

100.0115.2133.4

151.8155.7167.0190.5183.1

163.9182.0189.7201.1217.7

232.5239.5

235.4236.1241.1245.9

243.6239 7243.5

EuropeanCommu-

nity1France

Industrial production2

74.778.181.384.891.0

94.798.4

100.0107.4117.6

123.3126.1131.7141.4142.3

132.8142.6145.9149.7156.8

155.6152.3

151.5152.1152.1151.8

151.9151.5148.6

7073788690

9398

100104114

120128135145148

139149152155163

160157

158160161161

158159151

WestGermany

78.482.886.188.996.6

102.1103.0100.0109.2123.2

131.1133.6138.7147.7145.1

137.1149.1152.0154.1161.8

162.3159.9

162160161160

162159154

Italy

59.265.571.978.479.2

82.893.3

100.0106.4110.5

117.6117.5122.7134.6140.6

127.6143.5145.1147.9157.6

166.5162.7

157.7160.1152.3159.8

161.0158.6146.6

UnitedKingdom

84.484.385,188.195.0

97.799.2

100.0106.7110.3

110.9110.6113.2123.0120.0

114.3117.4122.9126.9132.2

123.6118.8

117.8118.5118.6120.0

119.2119.8119.8

Consumer prices

i9601961196219631964

1965....1966....1967....19681969

19701971197219731974

19751976197719781979

198019811982

1981:I

IV

1982:

ll'ZIIIIIV

88.789.690.691.792.9

94.597.2

100.0104.2109.8

116.3121.3125.3133.1147.7

161.2170.5181.5195.4217.4

246.8272.4289.1

262.9269.0276.7280.7

283.0287.3292.8293.4

85.986.787.789.290.9

93.196.5

100.0104.0108.8

112.4115.6121.2130.3144.5

160.1172.1185.9202.5221.0

243.5273.9303.4

262.0270.2278.2285.0

292.2301.2307.6312.6

68.371.876.782.585.8

91.696.3

100.0105.3110.9

119.3126.5132.3147.9184.0

205.8224.9243.0252.3261.3

282.2296.2

291.4296.3296.9300.1

30O.3303.5304.8

77.081.184.587.690.8

94.297.5

100.0103.7108.0

113.3120.3127.6138.3156.4

176.7195.2214.7229.9250.7

281.6314.1

300.7310.4317.8326.3

333.9344.3348.2

3 78.03 80.6

85.489.592.5

94.897.4

100.0104.5111.3

117.1123.5131.1140.7160.0

178.9196.1214.5233.9259.1

294.2332.7

315.7326.1338.9349.9

359.8371.0376.0

82.984.887.489.992.0

95.098.4

100.0101.6103.5

107.1112.7119.0127.2136.1

144.2150.4155.9160.2166.8

175.9186.3

182.2185.5187.8190.0

192.7195.4197.6

74.175.779.285.190.1

94.296.4

100.0101.4104.1

109.2114.4121.0134.0159.7

186.8218.1255.2286.2328.5

398.0472.4

448.4468.0482.1504.9

523.7539.6562.7

79.081.685.186.889.6

93.997.6

100.0104.8110.3

117.4128.5137.7150.2174.3

216.5252.4292.4316.6359.0

423.6473.9514.7

450.4472.3480.5492.3

500.5516.6518.9522.7

1 Consists of Belgium-Luxembourg, Denmark, France, Greece, Ireland, Italy, Netherlands, United Kingdom, and West Germany Industrialproduction prior to July 1981 excludes data for Greece, which joined the EC in 1981.8 All data exclude construction. Quarterly data are seasonally adjusted.

» Data for 1960 and 1961 are for Paris only.Sources: Department of Commerce (International Trade Administration, Office of Trade Investment and Analysis, Trade Performance

Division) and Department of labor (Bureau of Labor Statistics).


TABLE B-lll.—Unemployment rate, and hourly compensation, major industrial countries, 1960-82

[Quarterly data seasonally adjusted]

Year or quarter

I9601961196219631964

19651966196719681969

197019711972 . ..19731974

19751976197719781979

198019811982

1981:

II „IllIV

1982:|||IIIIV

I9601961196219631964

1965 .. .1966196719681969

19701971197219731974

19751976197719781979

198019811982

UnitedStates Canada Japan France West

Germany Italy UnitedKingdom

Unemployment rate (percent)1

5.56.75.55.75.2

4.53.83.83.63.5

4.95.95.64.95.6

8.57.77.16.15.8

7.17.69.7

7.47.47.48.3

8.89.4

10.010.7

36.737.739.140.342.0

42 844.847.050.453.9

57.661.164.469.076.3

85.492.3

100.0108.3118.9

132 8146.4158.8

707.15.95.54.7

3.93.43.84.54.4

5.76.2625.55.3

6.97.1818.47.5

7.57.6

11.0

7.37.27.68.4

8610.212.112.7

29.929428.729.430.6

32134.637.340.043.0

47.853.158.163 475.0

82.497.1

100.099.4

106.6

116 4126.1

171.51.31.31.2

1.21.41.31.21.1

1.21.3141.31.4

192.0202.32,1

2.02.2

2.22.42.22.2

232.42.4

161.4131.21.3

141.81.82.42.2

2.42.7282.72.9

424.6505.46.1

6.57.7

7.07.77.97.9

838.68.7

Hourly compensation (1

6.6778.89.8

11.0

12 413.615.317.921.3

25.430.340.155 067.1

77.182.3

100.0136.1138.5

142 6157.0

16.217 819.621.723.3

25126.728.932.632.3

33.938.046.260 066.2

88.590.6

100.01231148.2

174 2158.3

11.6.6

A

.3

131.1.6

'.B.7

1.6

3.53.53.53.43.0

3.04.2

3.53.94.44.9

5.35.86.2

977 = 100)2

10.512.313.914.9 -16.1

17.619.020.121.323.6

29.534.742.056.967.1

79.483.5

100.0125.6147.5

161.7139.9

383.2282.42.6

353.83.43.43.3

3.13.1363.42.8

323.6363.73.9

3.94.24.6

3.94.34.14.5

4.64.64.54.5

11.913.115.518.320.4

21822.825.427.130.7

36.843.152.366.474.0

95.089.5

100.0119.1143.1

164.8152.4

2 11.9273.32.4

212.2323.23.0

3.139423.23.1

466.0646.35.7

7311.3

10.311.111.512.5

12.812.913.0

24.926.828.329.531.6

34 737.638.235.638.8

44.351.860.065.578.2

96.591.8

100.0128.1168.5

228.2230.8

'Unemployment rates, approximating U.S. concepts. Data for United Kingdom exclude Northern Ireland. Quarterly data for France.West Germany, and United Kingdom should be viewed as less precise indicators of unemployment under U.S. concepts than the annualdata. Beginning 1977, changes in the Italian survey resulted in a large increase in persons enumerated as unemployed. However, manyalso reported that they had not actively sought work in the past 30 days. Such persons have been provisionally excluded forcomparability with U.S. concepts; their inclusion would more than double the rates shown for Italy.

2 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States and Canada, and to all employees (wage and salary earners) in the other countries. For France andUnited Kingdom compensation adjusted to include changes in employment taxes that are not compensation to employees, but are laborcosts to employers.Source: Department of Labor, Bureau of Labor Statistics.


erp1983 appendixes 2

Documents