erp2000 appendixes 2

Appendix BSTATISTICAL 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 domestic product, 1959-99 306B-2. Real gross domestic product, 1959-99 308B-3. Quantity and price indexes for gross domestic product, and per-

cent changes, 1959-99 310B-4. Percent changes in real gross domestic product, 1960-99 311B-5. Contributions to percent change in real gross domestic product,

1960-99 312B-6. Chain-type quantity indexes for gross domestic product, 1959-99 314B-7. Chain-type price indexes for gross domestic product, 1959-99 316B-8. Gross domestic product by major type of product, 1959-99 318B-9. Real gross domestic product by major type of product, 1959-99 319B-10. Gross domestic product by sector, 1959-99 320B-ll. Real gross domestic product by sector, 1959-99 321B-12. Gross product of nonfmancial corporate business, 1959-99 322B-13. Output, price, costs, and profits of nonfmancial corporate busi-

ness, 1959-99 323B-14. Personal consumption expenditures, 1959-99 324B-15. Real personal consumption expenditures, 1987—99 325B-16. Private gross fixed investment by type, 1959-99 326B-17. Real private gross fixed investment by type, 1987-99 327B-18. Government consumption expenditures and gross investment by

type, 1959-99 328B-19. Real government consumption expenditures and gross invest-

ment by type, 1987-99 329B-20. Private inventories and final sales of domestic business, 1959-99 330B-21. Real private inventories and final sales of domestic business,

1987-99 331B-22. Foreign transactions in the national income and product ac-

counts, 1959-99 332B-23. Real exports and imports of goods and services and receipts and

payments of income, 1987-99 333B-24. Relation of gross domestic product, gross national product, net

national product, and national income, 1959-99 334B-25. Relation of national income and personal income, 1959-99 335B-26. National income by type of income, 1959-99 336B-27. Sources of personal income, 1959-99 338B-28. Disposition of personal income, 1959-99 340B-29. Total and per capita disposable personal income and personal

consumption expenditures in current and real dollars, 1959-99 341B-30. Gross saving and investment, 1959-99 342B-31. Median money income (in 1998 dollars) and poverty status of

families and persons, by race, selected years, 1980-98 344

301


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY:Page

B-32. Population by age group, 1929-99 345B-33. Civilian population and labor force, 1929-99 346B—34. Civilian employment and unemployment by sex and age, 1950-

99 348B-35. Civilian employment by demographic characteristic, 1955—99 349B-36. Unemployment by demographic characteristic, 1955-99 350B-37. Civilian labor force participation rate and employment/popu-

lation ratio, 1950-99 351B—38. Civilian labor force participation rate by demographic char-

acteristic, 1955-99 352B-39. Civilian employment/population ratio by demographic char-

acteristic, 1955-99 353B-40. Civilian unemployment rate, 1950-99 354B-41. Civilian unemployment rate by demographic characteristic,

1955-99 355B-42. Unemployment by duration and reason, 1950-99 356B-43. Unemployment insurance programs, selected data, 1967-99 357B-44. Employees on nonagricultural payrolls, by major industry, 1950-

99 358B-45. Hours and earnings in private nonagricultural industries, 1959-

99 360B-46. Employment cost index, private industry, 1980-99 361B-47. Productivity and related data, business sector, 1959-99 362B-48. Changes in productivity and related data, business sector, 1960-

99 363

PRODUCTION AND BUSINESS ACTIVITY:B-49. Industrial production indexes, major industry divisions, 1950-99 364B-50. Industrial production indexes, market groupings, 1950-99 365B-51. Industrial production indexes, selected manufactures, 1950-99 ... 366B-52. Capacity utilization rates, 1950-99 367B-53. New construction activity, 1959-99 368B-54. New housing units started and authorized, 1959-99 369B-55. Manufacturing and trade sales and inventories, 1954-99 370B-56. Manufacturers' shipments and inventories, 1954-99 371B-57. Manufacturers' new and unfilled orders, 1954-99 372

PRICES:B-58. Consumer price indexes for major expenditure classes, 1958-99 373B—59. Consumer price indexes for selected expenditure classes, 1958-

99 374B-60. Consumer price indexes for commodities, services, and special

groups, 1958-99 376B-61. Changes in special consumer price indexes, 1960-99 377B-62. Changes in consumer price indexes for commodities and services,

1929-99 378B-63. Producer price indexes by stage of processing, 1954-99 379B-64. Producer price indexes by stage of processing, special groups,

1974-99 381B-65. Producer price indexes for major commodity groups, 1954-99 382B-66. Changes in producer price indexes for finished goods, 1960-99 .... 384

302


MONEY STOCK, CREDIT, AND FINANCE:Page

B-67. Money stock and debt measures, 1959-99 385B-68. Components of money stock measures, 1959-99 386B-69. Aggregate reserves of depository institutions and monetary base,

1959-99 388B-70. Bank credit at all commercial banks, 1973-99 389B-71. Bond yields and interest rates, 1929-99 390B-72. Credit market borrowing, 1990-99 392B-73. Mortgage debt outstanding by type of property and of financing,

1945-99 394B-74. Mortgage debt outstanding by holder, 1945-99 395B-75. Consumer credit outstanding, 1950-99 396

GOVERNMENT FINANCE:B-76. Federal receipts, outlays, surplus or deficit, and debt, selected

fiscal years, 1939-2001 397B-77. Federal budget receipts, outlays, surplus or deficit, and debt, as

percent of gross domestic product, fiscal years 1934-2001 398B-78. Federal receipts and outlays, by major category, and surplus or

deficit, fiscal years 1940-2001 399B-79. Federal receipts, outlays, deficit, and debt, fiscal years 1995-

2001 400B-80. Federal and State and local government current receipts and ex-

penditures, national income and product accounts (NIPA),195&-99 401

B-81. Federal and State and local government current receipts and ex-penditures, national income and product accounts (NIPA), bymajor type, 1959-99 402

B-82. Federal Government current receipts and expenditures, nationalincome and product accounts (NIPA), 1959-99 403

B-83. State and local government current receipts and expenditures,national income and product accounts (NIPA), 1959-99 404

B-84. State and local government revenues and expenditures, selectedfiscal years, 1927-96 405

B-85. Interest-bearing public debt securities by kind of obligation,1967-99 406

B-86. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-99 407

B-87. Estimated ownership of U.S. Treasury securities, 1989-99 408

CORPORATE PROFITS AND FINANCE:B-88. Corporate profits with inventory valuation and capital consump-

tion adjustments, 1959-99 409B-89. Corporate profits by industry, 1959-99 410B-90. Corporate profits of manufacturing industries, 1959-99 411B-91. Sales, profits, and stockholders' equity, all manufacturing cor-

porations, 1952-99 412B-92. Relation of profits after taxes to stockholders' equity and to sales,

all manufacturing corporations, 1947-99 413B-93. Common stock prices and yields, 1957-99 414B-94. Business formation and business failures, 1955-98 415

303


AGRICULTURE:Page

B-95. Farm income, 1945-99 416B-96. Farm business balance sheet, 1950-98 417B-97. Farm output and productivity indexes, 1948-96 418B-98. Farm input use, selected inputs, 1948-99 419B-99. Indexes of prices received and prices paid by farmers, 1975-99 420B—100. U.S. exports and imports of agricultural commodities, 1940-99 ... 421

INTERNATIONAL STATISTICS:B-101. U.S. international transactions, 1946-99 422B-102. U.S. international trade in goods by principal end-use category,

1965-99 424B-103. U.S. international trade in goods by area, 1990-99 425B-104. U.S. international trade in goods on balance of payments (BOP)

and Census basis, and trade in services on BOP basis, 1974—99 426

B-105. International investment position of the United States at year-end, 1990-98 427

B-106. Industrial production and consumer prices, major industrialcountries, 1975-99 428

B-107. Civilian unemployment rate, and hourly compensation, major in-dustrial countries, 1975-99 429

B-108. Foreign exchange rates, 1979-99 430B-109. International reserves, selected years, 1952-99 431B-110. Growth rates in real gross domestic product, 1981-99 432

304


General Notes

Detail in these tables may not add to totals because of rounding.

Because of the formula used for calculating real gross domestic product (GDP),the chained (1996) dollar estimates for the detailed components do not add to thechained-dollar value of GDP or to any intermediate aggregates. The Departmentof Commerce (Bureau of Economic Analysis) no longer publishes chained-dollarestimates prior to 1987, except for selected series.

Unless otherwise noted, all dollar figures are in current dollars.

Symbols used:P Preliminary....Not available (also, not applicable).

Data in these tables reflect revisions made by the source agencies from February1999 through late January 2000. In particular, tables containing national incomeand product accounts (NIPA) estimates reflect the comprehensive revisions re-leased by the Department of Commerce in October 1999.

305


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross domestic product, 1959-99

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

Year orquarter

1959

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

19801981198219831984198519861987198819891990199119921993199419951996199719981999P

1994:1IIIllIV

1995-1IIIllIV

1996:1||IllIV

1997:1||IllIV

1998- 1||IIIIV ..

1999-1IIIllIVp

Grossdomesticproduct

507.4

527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3

1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.4

2,795.63,131.33,259.23,534.93,932.74,213.04,452.94,742.55,108.35,489.1

5,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.4

6,887.87,015.77,096.07,217.7

7,297.57,342.67,432.87,529.3

7,629.67,782.77,859.07,981.4

8,125.98,259.58,364.58,453.0

8,610.68,683.78,797.98,947.6

9,072.79,146.29,297.89.477.1

Personal consumption expenditures

Total

318.1

332.2342.7363.8383.1411.7444.3481.8508.7558.7605.5

648.9702.4770.7852.5932.4

1,030.31,149.81,278.41,430.41,596.3

1,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.7

3,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.9

4,613.84,677.54,753.04,821.3

4,868.64,943.75,005.25,058.4

5,130.55,218.05,263.75,337.9

5,430.85,466.35,569.15,631.3

5,714.75,816.25,889.65,973.7

6,090.86,200.86,303.76.424.6

Durablegoods

42.7

43.341.846.951.656.763.368.370.480.885.985.096.9

110.4123.5122.3133.5158.9181.2201.7214.4214.2231.3240.2281.2326.9363.3401.3419.7450.2467.8

467.6443.0470.8513.4560.8589.7616.5642.9698.2758.1546.2553.6563.2580.0

578.2584.4596.2600.0

606.4621.3616.7621.5

636.1627.8651.9655.8

679.2693.9696.9722.8

739.0751.6761.8780.1

Non-durablegoods

148.5

152.9156.6162.8168.2178.7191.6208.8217.1235.7253.2

272.0285.5308.0343.1384.5420.7458.3497.2550.2624.4

696.1758.9787.6831.2884.7928.8958.5

1,015.31,082.91,165.4

1,246.11,278.81,322.91,375.21,438.01,497.31,574.11,641.71,708.91,841.1

1,409.71,425.11,44951,467.2

1,475.81,492.21,502.61,518.5

1,539.61,569.41,578.81,608.4

1,630.51,627.11,652.31,657.1

1,674.61,701.21,716.61,742.9

1,787.81,824.81,853.91.897.7

Serv-ices

127.0

136.1144.3154.1163.4176.4189.5204.7221.2242.3266.4

292.0320.0352.3385.9425.5476.1532.6600.0678.4757.4

852.7954.0

1,051.51,174.01,286.91,420.61,535.41,670.31,823.51,963.5

2,117.82,249.42,415.92,566.12,717.62,882.03,047.03,239.83,441.53,655.7

2,657.92,698.82,739.82,774.0

2,814.72,867.12,906.32,939.9

2,984.43,027.43,068.23,107.9

3,164.23,211.43,265.03,318.5

3,360.93,421.13,476.13,508.0

3,564.03,624.33,688.03.746.7

Gross private domestic investment

Total

78.5

78.978.288.193.8

102.1118.2131.3128.6141.2156.4152.4178.2207.6244.5249.4230.2292.0361.3436.0490.6

477.9570.8516.1564.2735.5736.3747.2781.5821.1872.9

861.7800.2866.6955.1

1,097.11,143.81,242.71,383.71,531.21,621.6

1,042.01,106.41,094.01,146.1

1,162.81,133.11,123.51,155.6

1,172.41,231.51,282.61,284.3

1,327.01,392.21,395.91,419.6

1,514.31,495.01,535.31,580.3

1,594.31,585.41,635.01.671.8

Total

74.675.775.282.088.197.2

109.0117.7118.7132.1147.3150.4169.9198.5228.6235.4236.5274.8339.0410.2472.7

484.2541.0531.0570.0670.1714.5740.7754.3802.7845.2

847.2800.4851.6934.0

1,034.61,110.71,212.71,315.41,460.01,577.4

998.11,026.61,042.01,071.6

1,100.11,097.21,110.11,135.4

1,165.61,201.71,232.61,250.9

1,274.11,299.61,338.31,349.4

1,415.41,454.21,461.71,508.9

1,543.31,567.81,594.21.604.1

Fixed investment

Nonresidential

Total

46.549.448.853.156.063.074.885.486.493.4

104.7

109.0114.1128.8153.3169.5173.7192.4228.7278.6331.6360.9418.4425.3417.4490.3527.6522.5526.7568.4613.4630.3608.9626.1682.2748.6825.1899.4986.1

1,091.31,166.5

721.7738.2752.7781.8812.5820.3825.2842.3

865.1885.4913.6933.7

952.7972.7

1,007.71,011.4

1,065.91,090.81,087.21,121.4

1,139.91,155.41,181.61.189.1

Struc-tures

18.1

19.619.720.821.223.728.331.331.533.637.740.342.747.255.061.261.465.974.691.4

114.9133.9164.6175.0152.7176.0193.3175.8172.1181.6193.4202.5183.4172.2179.4187.5204.6225.0254.1272.8272.6

178.0188.2189.9193.9200.5204.8206.2207.0

213.4220.0226.3240.3

247.6247.8257.8263.1267.4274.0271.7278.0

274.7272.5272.1271.1

Equip-mentandsoft-ware

28.4

29.829.132.334.839.246.554.054.959.967.068.771.581.798.3

108.2112.4126.4154.1187.2216.7227.0253.8250.3264.7314.3334.3346.8354.7386.8420.0

427.8425.4453.9502.8561.1620.5674.4732.1818.5893.9

543.7550.0562.8587.9

612.0615.5619.0635.3

651.7665.4687.3693.4

705.2724.9749.9748.3

798.4816.8815.4843.4

865.2882.9909.5918.1

Resi-dential

28.1

26.326.429.032.134.334.232.332.438.742.641.455.869.775.366.062.782.5

110.3131.6141.0123.2122.6105.7152.5179.8186.9218.1227.fr234.2231.8216.8191.5225.5251.8286.0285.6313.3329.2368.7410.9276.4288.4289.3289.8

287.6276.9284.9293.1300.5316.3319.0317.2321.4326.8330.7338.0

349.5363.4374.5387.5

403.4412.4412.7415.0

Changehi

pri-vate

inven-tories

3.9

3.23.06.15.64.89.2

13.69.99.19.22.08.39.1

15.914.0-6.317.122.325.818.0-6.329.8

-14.9-5.865.421.86.6

27.118.527.714.5

15^021.162.633.030.068.371.244.343.879.852.074.662.735.813.420.26.8

29.850.033.5

52.992.657.670.298.940.873.771.4

51.017.640.867.6

See next page for continuation of table.

306


TABLE B-l.—Gross domestic product, 1959-99—Continued[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

195919601961 . . .196219631964196519661967

19701971 ." .. .197219731974 .!"""!!19751976 .197719781979 I:"""19801981 .'198219831984 .'I:!1985198619871988 . .198919901991 .19921993199419951996199719981999*1994:1

IIIllIV

1995:1IIIllIV

1996:1IIIllIV

1997:1

Ill ".IIV

1998:1||III "IIV

1999:1IIIll

Net exports of goodsand services

Netexports

-1.72.43.42.4

191.91.4

-1.3-1.2

1.2-3.0-8.0

.6-3.113.6-2.3

-23.7

J.i

Il50-20i5-51.7

-102.0-114.2-131.9-142.3-106.3-80.7-71.4-20.7-27.9-60.5-87.1

-88'.3-149.6-256.8-71.3-84.2-99.1-93.8-94.5

-109.0-74.2-59.3-75.8-89.8

-110.6-79.7-87.7-77.5-90.6-97.4

-117.4-153.9-165.7-161.2-201.6-245.8

Exports

20.625.326.027.429.433.635.438.941.445.349.357.059.366.291.8

124.3m158.8186.1228.7278.9302.8282.6277.0303.1

320 3365^446.9509.0557.2601.6636.8658.0725.1818.6874.2968.0966.3996.3683.8714.5736.1765.8787.7802.5834.1850.0853.3864.7865 6913'.!929.6965.3988.6988.6974.3960.1949.1981.8

8B1,008.51,031.5

Imports

22.322.822.725.0

Si31.537.139.946.650.555.862.374.291.2

127.5122.7151.1182.4m3178303:2328.6405.1417.2452.2507.9553.2589.7628.6622.3664.6718.5812.1m

1,056.31,115.91,253.1

755.1798.7835.2859.6882.2911.5

929.1954.5976.1992.8

1,017.31,042.81,079.21,086.01,091.71,114.01,114.81,143.11,168.51,224.01,286.61,333.3

Government consumption expendituresand gross investment

Total

112.5113.8121.5132.2138.5145.1153.7174.3195.3212.8224.6237.1251.0270.1287.9322.4361.1384.5415.3

569.7631.4684.4735.9800.8

942.3

10369i:i00.21,181.41,235.51,270.51,293.01,327.91,372.01,421.91,481.01,529.71,628.71,303.31,316.11348.11,344.01,360.61,374.91,378.31,374.51,402.61423.01,423.41,438.91,455.81,478.61490.11,499.51,499.01,526.51,538.71,554.81,589.11,605.91,637.21,682.6

Federal

Total

67.465.969.576.9

?!!82.194.4

106.8114.0116.1116.4117.6125.6127.8138.2m176.0mm312.8344.4376.4413.4438.7

482.6508.4527.4534.5527.3521.1

ffii537.8538.7570.8515.8515.9532.5520.0523.4525.5525.0512.3530.6537.2529.1529.4530.2543.0540.9537.1526.1542.2539.7546.7557.4561.6569.?594.6

Nation-al

de-fense

56.055.258.162.862.761.862.473.885.8

Si90.989.093.593.999.7

122.6

1467

Ills2283

312:4332.2351.2

363.2374.9384.5378.5364.9355.1350.6357.0352.5348.6364.7349.4353.9366.9350.4352.2353.9m356.1361 3355:6355.0347.0

SH353.6338.9347.9354.7352.9355.8354.3m

Non-de-

fancotense

11.410.711.314.115.818.019.720.721.0

Si25.528.6

33 93g:s44.247.453.5

65!:?84084'.592.092.8

101.0106.5109.3106.8119.3133.6142.9156.0162.4165.9170.9174.6

206.1166.3162.0165.6169.7171.2171.6172.3168.7174.5175.9173.5174.5183.2188.1186.4183.5187.2194.3185.0193.8201.6207.3204.4211.2

Stateandlocal

45.147.952.055.359.965.371.679.988.6m

120.7133.5144.4160.1184.2209.0223.9239.3

324.4349.6371.6391.5424.4

5036537:5574.3617.7673.0708.1736.0765.7806.8

991.01,057.9

787.5800.2815.6824.0837.1849.4

872.0885.7894.3909.4925.6

962.'3972.9

m1,008.1

H

Finalsales ofdomes-

ticproduct

503.5524.1542.7580.4613.1659.6710.9775.7824.2

SB1,037.71,120.31,231.31,369.71,487.0

2 009.1

2;s4siffli3,274.1m4,191.24,446.3mi5,461.45,788.75,986.46,303.96,621.26,991.8

Si!9,204.26,844.06,936.07,044.07,143.17,234.87,306.87,419.4

7,622.87,752.97,809.07,947.98,073.0mi8,382.88,511.7m8,876.29,021.69,128.69,257.09,409.5

ticpur-

chases1

509.1525.0542.3584.1m716.2787.4832.6912.7986.5

1,038.51,131.61,248.41,384.91,504.21,621.61,826.2

2,'590:42,810.53146.33,279.83,586.6

4:327:24,584.7m5,569.85,874.76,006.96,346.86,702.87,141.47,484.87,902.1

.6,959.17,100.07,195.17,311.57,392.07,451.6

t44g

8,061.18,213.6m8,550.48,728.0im9,108.8

m9,575.99,778.9

Adden-

Grossnationalprod-uct2

510.3530.6549.3590.7623.2669.4725.5794.5839.5917.6991.5

1,046.11,136.21,249.11,398.21,516.71,648.41,841.0

2;599.32,830.83,166.13,295.7

4 23844;468.3

s:509!45,832.26,010.96,342.36,666.77,071.17,420.97,831.2m6,908.57,032.47,111.17,232.67,318.97,367.97,444.17,552.77,656.57800.37870 5X997J8,131.18,269.18366.58,453.38,613.7m8,930.59,058.29,131.99,282.3

Percent changefrom preceding

nprinrl1*61 luu

Grossdomes-

ticprod-uct

3.93.57.55.57.48.49.65.7

!i5.58.69.9

11.78.38.9

11.511.413.011.8

120U8.5

11.3

5.76.5

U5.73.25.65.16.24.95.66.25.55.65.57.64.77.04.52.5

B5.48.34.06.47.46.75.24.37.73.45.47.05.73.3

7!s

Grossdomes-

ticpur-

chases^

3.13.37.75.47.18.79.95.79.68.15.39.0

10.310.98.67.8

12.612.513.011.68.5

12.04.29.4

12.57.26.0y6.85.52.35.75.66.54.85.66.26.26.75.88.35.56.64.53.33.04.46.39.05.04.77.86.15.84.68.65.15.86.6

52

ii1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 GDP plus net income receipts from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.

307


TABLE B-2.—Real gross domestic product, 1959-99[Billions of chained (1996) dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959196019611962 .. .1963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987 '.19881989 '. .'.19901991 '.19921993199419951996199719981999^1994-1

IIIllIV

1995:1IIIllIV

1996- 1if!' .'.'IllIV

1997- 1 ...IIIllIV '. '.'.

1998:1IIIllIV '.'.

1999:1IIIllIV"


230002,357.2241212'557 62,668.22,822.73,002.83,199.53,279.53,435.63,543.23,549.43,660 23,854.24,073.14,061.74,050.34,262.64,455.74,709.94,870.14,872.34,993.94,900.35,105.65,477.45,689.85,885.76,092.66,349.16,568.76,683.56,669.26,891.17,054.17,337.87,537.17,813.28165.18,516.38,861.07,218.57,319.87,360.57,452.37,480.47,496.07,555.07,616.87,671.47,800.57,843.37,937.58,033.48,134.88,214.88,277.38,412.78,457.28,536.08,659.28,737.98,778.68,900.69,026.9


Total

145481,494.415246l'599.71,665.71,765.21,876.41,983.32,042.72,159.12,241.22,293.02 373.62,513.22,634.02,622.32,681.32,826.52,944.03,081.63,168.03,169.43,214.03,259.83,431.73,617.63,798.03,958.74,096.04,263.24,374.44,454.14,460.64,603.84,741.94,920.05,070.15,237.55,433.75,698.65,998.74,857.64,899.24,936.74,986.45,004.75,053.65,094.05,128.05,170.35,227.55,255.45,296.85,361.15,385.15,471.85,517.15,592.35,675.65,730.75,795.85,888.45,961.86,033.36,111.2

Durablegoods

455.2481.5491.7487.1454.9479.0518.3557.7583.5616.5657.4731.5815.1546.9551.7557.7574.3570.4577.4590.7595.7601.7620.4618.1625.7642.1639.7669.7678.0704.9723.9731.2766.0788.8806.1821.2844.5

Non-durablegoods

1,274.51,315.11,351.0

i£S1,389.71,430.31,485.11,529.01,574.11,619.91,685.31,774.61,465.31,477.61,490.91,506.51,514.31,525.31,531.71,544.61,553.91,569.91,578.61,593.91,609.01,608.21,630.71,631.81,654.91,681.91,692.01,712.61,749.51,763.71,779.31,805.9

Services

2,361.52,460.62,526.12,595.12,645.52,739.42,795.42,878.02,957.83,047.03!l56.73,284.53,416.82,846.42,870.92,888.92.905.72,920.42,951.32,971.82,987.83,014.83,037.23,058.83,077.23,110.13,137.03,172.03,207.83,234.23,272.23,309.63,322.03,356.53,399.23,440.63,470.6


Total

27292728271.0305.3325.7352.6402.043734172441.346694362485.8543.06065561.746225555639.4713.07354655.3715.6615.26737871.5863.48577879.3902.8936.5

Bi899.8977.9

1,107.01,140.61,242.71,385.81547.41,636.21,057.31,118.51,101.81,150.51,162.41,128.51,119.11,152.41,172.31,233.41,281.41,283.71,326.51,394.11,397.61,424.91,531.51,513.11,551.11,593.91,608.21,599.81,651.61,685.4

Fixed investment

Total

856.0887.1911.2

95&4

iffi1,212.71,316.01,471.81,589.41,014.91,039.91.050.91,078.01,101.91,095.01,107.11,132.71,165.21,203.71,231.61,250.21,274.11,300.61,337.91,351.31,424.21,466.71,474.01,522.51,555.91,581.01,607.31,613.5

Nonresidential

Total

572.5603.6637.0641.7610.1630.6683.6744.6817.5899.4995.7

1,122.51,215.4

720.0734.1747.2777.1806.4811.4816.7835.5861.6885.6914.3936.2957.9980.8

1,018.01,026.11,088.61,120.21,120.31,160.81,182.71,202.91,234.31,241.9

Struc-tures

224.3227.1232.7

i198.9200.5210.1225.0244.0254.1247.3193.2202.9202.3203.8208.1211.0210.9210.4215.9221.3225.4237.3242.0239.5245.9248.6252.1256.4252.1255.7251.9248.5246.1242.8


360.0386.9414.0415.7407.2437.5487.1544.9607.6674.4751.9870.6975.5527.4532.6545.7573.7598.5600.7606.0625.0645.8664.3688.9698.8715.8741.5772.3777.8837.9865.5870.6908.5935.7960.9996.6

1,008.7

Resi-dential

290.7289.2277.3253.5221.1257.2276.0302.7291.7313.3320.6350.2375.4296.5307.5305.2301.8295.8283.5290.4297.3303.6318.1317.3314.0316.3320.0320.5325.7336.5347.4354.2362.6373.7378.8375.1374.0

Changein

pri-vate

inven-tories

29.618.429.616.5-1.017.120.066.830.430.069.1'74.341.947.885.856.377.462.232.59.0

18.05.6

30.351.232.951.593.159.272.7

107.343.176.170.750.114.038.065.4


308


TABLE B-2.—Real gross domestic product, 7959-99—Continued[Billions of chained (1996) dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959I960196119621963 ..!19641965 '. "'".196619671968 .."II..196919701971197219731974 ..II....19751976 ..197719781979 ..III.19801981 ..III1982183 " T.19841985198619871988..1989199019911992199319941995 I"""I19961997 :1998 ..'.1999*1994:1

||IllIV

1995:1||IIIiv II!

1996:1IIIllIV

1997:1||III".'IV

1998:1||IIIIV

1999:1

Ill "IIIV*

Net exports of goodsand services

Netexports

-157.6-113.5-81.2

*-18.7-59.9-87.6-79.2-89.0

-109.8-215.1-324.5-81.2-87.2-93.2-88.6-93.4-98.3-68.0-56.9-75.6-90.6

-115.8-73.9-90.8

-100.9-118.7-128.7-171.7-218.4-237.9-232.3-284.5-319.C-338.2-356.1

Exports

71.986.8

Si100.0113.3115.6123.3126.0135.2142.7158.1158.9171.7209.1229.6228.3241.0246.9273.1299.9332.8336.7mIs406'.6472.2527.6573.6612.6652.1671.9731.8807.4874.2985.4

1,007.11,042.5

695.7724.0741.4766.2779.7788.1821.2840.8845.6859.8867.1924.2943.9979.9

1,006.81,011.21,007.3

997.2993.0

1,030.81,016.41,026.41,054.81,072.4

Imports

106.6108.0107.3119.5122.7129.2142.9164.2176.2202.4213.9223.1235.0261.3273.4267.2237.5284.0315.0342.3347.9324.8333.4329.2370.7461.0490.7531.9564.2m,m,670.8731.8819.4886.6963.1

1,095.21,222.21,367.0

776.8811.3834.6854.8873.1886.4889.1897.8921.1950.4982.9998.1

1,034.71,080.81125.51,139.91,179.01,215.61,231.01,263.11,300.91,345.41.393.C1,428.6


Total

659.7659.5691.3732.9750.2764.8788.6859.3924.1953.4950.0

902:6921.3

947.4977.6997.6

liesm1,116.31,188.41253.21,290.91,306.11,341.81,385.51,402.8

m!$:491,421.91,455.11,480.31,534.61,387.31,389.71,416.81,403.91,406.81,413.51,410.41,393.21,404.41,430.21,422.11,431.01,437.01,457.11,463.31,463.01,459.21,480.71,485.31,495.91,514.61,519.51,536.51,567.7

Federal

Total

597.5586.7594.5606.6604.8595.2571.9551.2536.4531.6530.9526.1541.3550.7545.1563.1546.0544.0544.2540.4517.1529.0540.1529.5527.7523.9536.4534.6528.8515.4530.1527.0532.0531.4534.2

Nation-al

de-fense

450.2446.84433443.2438.4417.1394.7375.9361.9357.0348.3341.7348.13733374.5387.8367.8

919i356.4363.0355.4353.3342.9

348'.6332.7341.6347.5344.9341.4339.2348.3363.7

Non-de-

fense

146.3138.7150.3162.8165.9178.0177.2175.4174.5174.6182.7184.4193.1177.4170.6175.3178.2177.2177.2177.0166.8172.7177.2174.1174.4181.0185.5183.9180.2182.6188.4179.6187.1189.9194.2191.3196.4

Stateandlocal

""694.4720.3748.1779.6

848.3869.5890.4924.1953.9993.0836.7844.8

870.0876.1875.4

903.4913.1920.7928.6934.1943.6950.5958.1963.6982.9985.1996.6

1,007.5

Finalsales ofdomes-

ticproduct

2,298.42,359.02,415.52,548.12,661.42,820.22982.73,163.33,259.43,419.53,527.63,559.73,650.53,84334,043.94,043.44,083.94,239.64,422.84,672.44,852.4

|:|]t;i27:55,400.55,671.65885.96,068.26,333.46,542.4

HI

1!m8,441.38,813.77,176.37,2m

7;378.47,419.17,462.3m7,664.67,770.97793.57,903.77,981.18,042.08,155.38,204.38,307.08,410.48,459.68,588.38,685.28,757.98,855.88,955.9

Grossdomes-

tic

chases »

2,360.02,399.9

£9!2,714.62,861.53,055.7

3;527!93,638.9

3&2J4,150.04,102.64,054.54,309.14,534.74,788.14,918.14,838.54,966.14,899.85170.15,621.4mm6,653.7

mi6,906.47,113.17,425.37,615.8

8',273'.98,723.29,165.57,299.67406.97,453.87,540.97,574.07594.67,622.27,672.77,746.57,891.07,959.08,011.98,124.58,235.48,331.98,403.98,579.78,667.28,764.28,881.59,007.49,078.29,216.99,359.4

Adden-

Grossnational

prod-uct ^

2,315.72,374.4

£8t$l3,028.3

31462:23,568.83,574.73,688.83,885.24,114.74,108.0

4306:34,505.24758.84,935.64,936.25,050.84,956.45,160.6

572635,908.46,112.26,373.76,594.76,718.16696.96,915.87080.37,355.57,558.07,831.28168.88,506.0

7,240.17337.07,376.67,468.27,502.77,522.07,566.77,640.67,698.77,818.37854.77,953.38,038.18,144.08,216.28,277.28,414.88,456.68,510.68,641.98,723.38,764.38,885.5

Percent changefrom preceding

period

Gross

ticprod-uct

2.5886.4

8831

8:i5.2

83.4.0

2.5-1.9

4.2

83.43.5

3i51.7

fl4.02.73.74.5

JiB2.25.11.5.8

3.23.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8

Grossdomes-

ticpur-

chases1

1.72.26.34.15.46.86.92.7

8M5.54.7

-1.1-1.2635.25.62.7

-1.62.6

-1.35.5

Si3.6

82.8

li84.42.63.84.75.45.1436.02.64.81.81.11.52.73.97.7

2.'75.75.64.83.58.64.14.65.55.8

863

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

309


TABLE B-3.—Quantity ami price indexes for gross domestic product, and percent changes, 1959—99[Quarterly data are seasonally adjusted]

Year or quarter

1959I960196119621963196419651966i%7 .r'lirii''"1968i%9 :: ::::: :::1970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994995996 r. i :...:

p

1994:1||II!IV

1995- 1||IllIV

1996- 1 . . . .IIIllIV

1997:1||IIIIV

1998-1||IllIV . .

1999:1IIIIIIV/>

Gross domestic product (GDP)

Index numbers, 1996=100

GDP(currentdollars)

6.496.756.987.517.928.509.22

10.1010.6811.6712.6113.3114.4415.8817.7319.2120.9323.3426.0029.3832.8535.7840.0841.7145.2450.3353.9256.9960.7065.3870.2574.2876.6280.8885.0190.2994.72

100.00106.24112.12118.3788.1689.7990.8292.3893.4093.9895.1396.3797.6599.61

100.59102.15104.00105.71107.06108.19110.21111.14112.60114.52116.12117.06119.00121.30

Real GDP(chain-type

quantityindex)

29.4430.1730.8732.7334.1536.1338.4340.9541.9743.9745.3545.4346.8549.3352.1351.9951.8454.5657.0360.2862.3362.3663.9262.7265.3570.1172.8275.3377.9881.2684.0785.5485.3688.2090.2993.9296.47

100.00104.50109.00113.4192.3993.6994.2195.3895.7495.9496.7097.4998.1999.84

100.39101.59102.82104.12105.14105.94107.67108.24109.25110.83111.84112.36113.92115.54

GDPchain-typeprice index

22.0622.3722.6222.9323.1823.5323.9824.6625.4326.5227.8129.2930.8332.1834.0136.9440.3742.7845.5848.7452.6957.3962.7166.5169.2371.8074.0575.6777.8480.4683.5686.8489.7691.7094.1796.1498.19

100.00101.66102.86104.3295.4295.8596.4196.8597.5697.9698.3998.8699.4699.77

100.21100.56101.14101.53101.83102.15102.41102.70103.06103.28103.79104.13104.41104.94

GDPimplicitprice

deflator

22.0622.3722.6222.9323.1923.5423.9824.6725.4326.5327.8129.2930.8332.1834.0236.9640.3742.7945.5948.7552.7057.3862.7066.5169.2471.8074.0575.6677.8480.4683.5686.8389.7691.7094.1696.1498.19

100.00101.66102.86104.3795.4295.8596.4196.8597.5597.9598.3898.8599.4599.77

100.20100.55101.15101.53101.82102.12102.35102.68103.07103.33103.83104.19104.46104.99

Percent change from preceding period *

GDP(currentdollars)

3.93.57.55.57.48.49.65.79.38.15.58.69.9

11.78.38.9

11.511.413.011.88.9

12.04.18.5

11.37.15.76.57.77.55.73.25.65.16.24.95.66.25.55.6

H4.77.04.52.55.05.35.48.34.06.47.46.75.24.37.73.45.47.05.73.36.87.9

Real GDP(chain-type

quantityindex)

2.52.36.04.35.86.46.62.54.83.1

3.15.35.7-.3-.35.24.55.73.4

.02.5

-1.94.27.33.93.43.54.23.51.7

132.4

S3.74.54.34.03.65.72.25.11.5

3.!3.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8

GDPchain-typeprice index

1.41.11.41.11.51.92.93.14.34.85.35.34.45.78.69.36.06.56.98.18.99.36.14.13.73.12.22.93.43.93.93.42.22.72.12.11.81.71.21.41.91.82.41.82.91.61.81.92.51.31.81.42.4

!i1.31.01.11.4.9

2.01.31.12.0

GDP

pricedeflator

1.41.11.41.11.51.92.9

li4.85.35.34.4

ii9.26.06.56.98.18.99.36.14.13.73.12.22.9

i:493.93.42.22.7a1.81.71.21.51.91.82.41.92.91.71.81.92.51.31.71.42.41.51.11.2.9

1.31.51.02.01.41.12.0

1 Percent changes based on unrounded data. Quarterly percent changes are at annual rates.Source: Department of Commerce, Bureau of Economic Analysis.

310


TABLE B-4.—Percent changes in real gross domestic product, 1960-99[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year orquarter

1960196119621963 :::196419651966196719681969 III19701971 '..19721973 "II"19741975 II.""197619771978197919801981 I....I19821983 III1984}||1987 III

19891990 ...199119921993199419951996199719981999*1994:1

IIIllIV

1995:1

HillIV

1996:1IIIllIV

1997:1jlmilIV

1998:1IIIllIV

1999:1IIIllIV*

Grossdomes-

ticproduct

2.52.36.04.35.86.46.62.54.83.1

.2

B_3-35.24.55.73.4.0

2.5-1.9

4.27.33.93.43.54.23.51.7-.23.32.44.02.7374.54.34.03.65.72.25.11.5.8

3.23.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8

Personal consumptionexpenditures

Total

2.72.04.94.16.06.35.73.05.73.82.3

U4.8-.42.35.44.24.72.8.0

1.41.45.35.45.04.23.54.12.61.8.1

3.2

ii3.0333.74.95.33.9

If4.11.54.0

3.34.52.23.24.91.8

to5.66.13.94.66.55.14.95.3

Dura-ble

goods

2.0-3.811.79.79.3

12.68.51.6

11.03.6

-3.2

1810.3-6.9

.012.89.35.3

-7.91.3.0

14.914.69.99.11.75.82.1-.9

-6.65.3

H4.65666

11.311.45.33.54.4

12.4-2.7

5.09.53.44.1

13.0-1.5

5.010.9-1.520.25.0

16.911.24.1

20.412.49.17.7

11.8

Non-dura-

blegoods

1.51.83.12.1

sis1.64.62.72.41.84.43.3

-2.01.54.92.43.72.7-.21.21.03.34.02.73.62.43.2

1.4-.41.92.93.8

29294.05.35.03.43.64.32.12.91.73.42.44.22.24.03.8-.2

.35.86.72.45.08.93.33.66.1

Serv-ices

4.44.14.94.66.15.35.04.95.15.04.03.25.24.53.13.63.84.15.33.82.41.62.14.64.3

84.64.22.72.71.93.52.0302.8303.64.04.03.1

H2.42.04.32.82.23.73.02.92.44.33.5

tt3.34.84.71.54.25.25.03.5

Gross private domesticinvestment

Nonresidential fixed

Total

5.7-.68.75.5

11.917.412.5-1.4

4.47.6-.5

9!lg

-9!94.9

11.314.110.0-.15.6

-3.7-1.017.6

-8-.15.45.5.7

-4.93.48.4899.8

10010'.712.78.34.7

H17.016.02.52.69.5

13.111.613.610.09.6

li26.7

Q

15'.37.87.0

10.92.5

Struc-tures

7.91.34.51.1

10.415.96.8

-2.51.45.4.3

-1.63.18.1

-2.1-10.5

2.54.1

11.812.66.67.9

-1.5-10.4

14.3

~-3i6132.51.5

-11.0-6.1

.8

1871854.1

-2.7-15.4

21.5-1.0

2.88.85.8-.3

10.810.57.5

23.08.0

-4.011.24.35.77.1

-6.65.8

-5.8-5.3-3.8-5.3


4.2-1.911.58.4

12.718.315.9-76.28.8

-1.0j18.32.5

-9.66.2

15.015.28.7

-3.64.2

-5.25.4

19.56.42.01.77.57.0.4

-2.07.4

11.311911.5110u's15.812.012.5

22.'l18.41.53.6

13.114.012.015.75.9

10.115.217.72.8

34.713.8

18.612.511.215.74.9

Resi-dential

-7.1.3

9.611.8

^9-3.113.63.0

-6.027.417.8-.6

-20.6-13.0

23.521.56.3

-3.7-21.1-8.0

-18.241.114.61.4

12.0.2

-.5-4.1-8.6

-12.816.37.39.7

74239.27.29.1

15.7-3.0-4.4-7.7

-15.610.19.78.8

20.6-1.0-4.1

3.04.7

a14.013.68.09.8

12.95.5

-3.8-1.2

Exports and im-ports of goodsand services

Ex-ports

20.81.75.37.6

13.32.06.72.2

5.510.8

8'.021.89.8-.65.62.4

10.69.8

10.91.2

-7.0-2.6

8.42.87.4

11.416.111.78.76.86.43.089

10i383

12'72.23.51.6

17.310.014.17.24.4

17.99.92.36.93.5

29.08.8

16.211.51.8

-1.5-4.0-1.716.1-5.5

4.011.56.9

Im-ports

1.3-.7

11.32.75.3

10.614.97.3

14.95.74.35.3

11.24.6

-2.3-11.1

19.610.98.71.7

-6.62.6

-1.312.624.36.58.46.13.83.93.8-.56.6

8.286

13.711.611.87.9

18.912.010.08.86.2

ti10.813.314.46.3

15.519.117.65.2

14.413.05.2

10.812.514.414.910.6

Government consump-tion expenditures and

gross investment

Total

0.04.86.02.42.03.19.07.53.2-.3

-2.3-2.0

.0-.82.120-1

932202.1.9

1.63.33.5

H3.0122.73.31.2.6

-.9'c

112.31.73.7

-3.9

8.0-3.6

.81.9

-d3.37.5

-2.32.51.75.71.7

-1.06.01.32.95.11.34.58.4

Fed-eral

-3.03.98.3-.3

-1.7

11.39.7

.9-3.3-7.0-7.2-2.2-5.0-.3

.0-1.2

1.72.72.54.84.73.76.33.1

113.7

-1.81.32.0-.3

-1.6-3.9-3.6-2.7-.9_'Q

2i9-11.1-4.113.9

-11.6-1.4

.2

4H9.68.7

-7.7-1.3-2.8

9.9-1.3-4.2-9.811.9-2.3

3.9-.52.14.1

16.0

Stateandlocal

4.46.13.06.16.76.76.35.05.93.02.83.02.02.83.93.4.8.4

3.61.7.1

-1.9.0.8

3.85.45.42.43.73.94.22.42.2

ii2.5243.83.24.11.1

111.92.33.0a-.36.91.14.94.43.43.52.44.13.03.32.38.2

.94.84.4

Note.—Percent changes based on unrounded data.Source.- Department of Commerce, Bureau of Economic Analysis.

311


TABLE B-5.—Contributions to percent change in real gross aomestic product, 7960-99[Percentage points, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

196019611962196319641965196619671968196919701971197219731974197519761977 . ..19781979 . ..19801981198219831984198519861987198819891990199119921993199419951996199719981999'1994:1

ii .IllIV

1995- 1IIIllIV

1996- 1||IIIIV

1997- 1IIIllIV

1998-1II ..IllIV .. .

1999:1IIIllIV'

Grossdomes-

ticproduct

(per-cent

change)

2.52.36.04.35.86.46.62.54.83.1

.23.15.35.7-.3-.35.24.55.73.4

.02.5

-1.94.27.33.93.4354.23.51.7-23.32.44.02.73.74.54.34.03.65.72.25.11.5.8

3.23.32.96.92.24.94.95.14.03.16.72.13.85.93.71.95.75.8

Persona

Total

1.711.273.092.563.703.903.511.823.472.331.412.193.652.98-.281.393.412.622.941.75.03.89.88

3.373.503.172.732.272.681721.20.10

2.132.002.522.042.222.513.243.522.562.362.052.791.092.642.201.812.173.061.412.143.281.244.292.223.753.962.643.134.273.363.333.59

Durablegoods

0.17-.31

.89

.77

.771.06.73.13.92.31

-.28.81

1.07.90

-.61.00

1.04.80.47

-.03-.66

.10

.001.08115.81.7816.5118

-.08-53

.39

.61

.59

.37

.44

.51

.86

.89

.41

.28

.35

.95-.20

.39

.74

.27

.32

.99-.12

.39

.81-.111.42.38

1.24.84.33

1.51.96.71.62.93

Non-durablegoods

0.44.53.90.59

1.331.431.46.42

1.18.69.61.47

1.11.82

-.51.37

1.24.60.91.65

-.04.29.23.80.93.61.78.52.6858.30

-.09.40.61.79.60.60.59.79

1.04.99.70.73.88.46.60.35.69.47.86.44.79.78

-.021.11.06

1.151.28.49.98

1.68.64.73

1.22

Serv-ices

1.101.051.301.201.601.401.321.271.361.331.08.91

1.461.26.84

1.021.131.221.561.13.72.49.65

1.491.421.751.161.591.49

95.98.71

1.34.79

1.151.081.181.411.591.591.161.37.97.95.84

1.651.11.85

1.391.221.09.96

1.691.381.761.781.371.851.83.64

1.632.011.971.43


Total

0.00-.101.801.001.242.151.44-.76

.89

.90-1.04

1.661.861.96

-1.31-2.98

2.832.432.06

.60-2.09

1.58-2.55

1.484.62-.17-.12

.42

.4460

-.49-1.26

1.121.181.89.47

1.371.821.93.99

2.543.57-.932.72.51

-1.90-.531.811.163.262.50.15

2.133.33

.171.305.04-.851.741.94.67

-.362.251.46

Fixed investment

Total

0.13-.051.231.071.371.49.86

-.28.99.90

-.311.091.801.46

-1.04-1.71

1.422.181.941.01

-1.18.38

-1.211.192.67.89.20.00.5842

-.28-1.00

.861.091.28.88

1.391.311.861.32.79

1.41.60

1.511.31-.38

.661.381.742.041.43.95

1.191.301.80.63

3.451.95.34

2.201.481.101.16.28

Nonresidential

Total

0.52-.06

.77

.501.071.641.29-.15

.46

.77-.06-.01

.921.50.09

-1.14.52

1.191.591.22-.01

.73-.50-.132.04.83

-.34-.01

.6061.08

-.53.34.82.91

1.031.101.221.491.02.44.81.73

1.691.63.27.29

1.021.411.281.471.121.071.121.78.38

2.911.42.01

1.79.94.86

1.33.33

Struc-tures

0.28.05.16.04.36.57.27

-.10.05.20.01

-.06.12.31

-.08-.43

.09

.15

.44

.51

.30

.39-.08-.54

61.33

-.49-14

.0509.05

-38-.18

.02

.02

.13

.20

.25

.13-.08-.45

.52-.03

.08

.23

.16-.01-.02

.28

.29

.2161.24

-.12.32.13.18.22

-.21.18

-.18-.16-.11-.15

Equip-

andsoft-ware

0.24-.11

.61

.46

.711.071.02-.05

.40

.57-.07

.06

.801.18.17

-.71.42

1.041.15.71

-.30.34

-.42.41

1.43.50.1613.5652.03

-15.52.80.89.90.91.97

1.371.10.89.30.75

1.611.39.11.30

1.041.13.99

1.27.51.83

1.241.45.24

2.731.21.22

1.611.121.021.44.48

Resi-dential

-0.39.01.46.58.30

-.15-.43-.13

.53

.13-.261.09.88

-.04-1.13-.57

.91

.99

.35-.21

-1.17-.35-.711.32.63.06.54.01

-.02-19-.36-.47

.52

.26

.37-.15

.29

.09

.37

.31

.34

.60-.13-.18-.31-.65

.37

.36

.33

.76-.04-.17

.12

.19

.03

.26

.54

.53

.33

.41

.53

.24-.17-.05

Changein

pri-vate

inven-tories

-0.13-.05

.57-.08-.12

.66

.58-.48-.10

.00-.72

.57

.06

.50-.27

-1.271.41.25.12

-.41-.911.20

-1.34.29

1.95-1.06-.32

.42-.14

17-.21-.26

.26

.10

.61-.41-.02

.50

.07-.331.752.16

-1.531.21-.80

-1.51-1.19

.42-.581.221.07-.80

.942.02

-1.63.66

1.59-2.80

1.40-.26-.80

-1.461.091.18


312


TABLE B—5.—Contributions to percent change in

[Percentage points, except as noted; quarterly data-tic product, 1960-99—Continued

annual rates]

Year orquarter

I960196119621963196419651966196719681969197019711972197319741975 ... .197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999'1994- 1

II .IllIV

1995:1||IllIV

1996-1||IIIIV .

1997:1||IllIV

1998-1 ..||IllIV

1999.-I||HIIV'

Net exports ofgoods and services

Netexports

0.79.11

-.21.24.41

-.35

J-.35-.02

.32-.26-.21

.91

.87

.89-.99-.72

.05

.65

lit-.54

-1.35-1.57-.44

18.84.59.39.70

-.04-.64-.41

.12-.14-.25

-1.18-1.11-.71-.33-.35

.26

:i?1.68.59

-1.03-.79

-1.292.13-.79-.44-.77-.44

-1.90-2.01-.82

.33-2.13-1.35-.72-.70

Exports

Total

0.85

if.35

:f?.33.11.36.27

il.42

1.21.70

-.05.46.20.83.81.98.12

-.66-.22

if.52.82

1.251.02.80.65

£.88

1.07.90

1.40.25.38.15

1.62.97

1.39.75.46

1.831.07.26.77.38

2.89.98

1.75

'i?-.16-.45-.181.65-.61

.421.19.74

Goods

0.76.02.17.29

il.27.02.30.20.44

-.02.43

1.01

-£.31

£.77.86

-.08-.67-.19

.46

.19

.26

.561.04.79.55.48.48.21.67.86

J.17.29

-.281.27.95

1.20

£1.13.84.40.35.61

1.751.091.39

"£-.22-.73

.121.38-.74

.321.19.57

Serv-ices

0.09

£.06.12.08.06.09.06.07.10.04

-.01.20.24.11.15.11.15.04.12.20.01

-.03.19.02.26

'.22.25.17.16.09.21.20.23.28.08.09.43.35.02.19.09.10.69.23

-.14.42

-.231.14

-iiJ

.06

.28

1?.13.10.00.17

Imports

Total

-0.06.03

-.47-.12-.23-.45-.65-.34-.70-.29

:ii-.63-.29

£-1.45

$-.16

.71-.27

.12-1.13-2.22-.65-.83-.62-.41-.43-.41

A-.94

-1.29-.95

-1.04-1.65-1.43-1.49-.85

-1.95-1.32-1.13-.99-.74-.15-.48

-1.29-1.55-1.67-.76

-1.77-2.19-2.06-.64

-1.74-1.56-.65

-1.32-1.52-1.77-1.91-1.44

Goods

0.05.00

-.40-.12-.19-.41-.49-.17-.68-.20

J-.57-.34

.17

.87-1.35-.84-.67-.14

.67-.18

.20-1.00

•%-.82-.39-.36-.37-.26

.00-.77-.85

-1.18-.87-.94

-1.43-1.21-1.33-.72

-1.91-1.33-1.16

J-.10-.36

-1.18-1.47-1.45-.76

-1.39-2.02-1.67-.54

-1.42-1.36

4£:!i!-1.83-1.13

Serv-ices

-0.11

J.00J

-.16-.16-.03-.09

JZ-.06

:S§.07

-.10-.07-.11-.02

.04-09-.08-.13

J3-.05-.05-.15

.05

J-.11-.08

:i!3-.13-.04

.01

.03

-£-.05-.12-.11-.08

Ii:i?-.39-.11-.32-.20-.13-.03-.24-.19

::fo


Total

-0.011.041.35.54.44.68

1.921.67.75

-.08-.52-.47

.00-.18

£-.02

.20

.65

.40

.42

.19

.33

.69

J1.13.64.25.55.65.25

-ii.02.09.21.42.31.64

-.79.15

1.46-.67

.18

.37-.15-.90

.591.37-.41

.47

.321.02

-il-.161.03.23.51.87.23.81

1.45

Federal

Total

-0.39.48

1.06-.04-.22

.021.291.16.12

-.41-.84-.82-.24

:i!.00-.11.15.23.21

i?.33.60.31.73

£-.18

.12

.18-.02-.14-.33-.29-.20-.06-.01-.06

.18-.91-.31

.97-.90-.09

J-1.22

.63

.60

::S-i!-.08-.28-.64

.69-.14

.24-.03

.13

.26

.94

Na-tional

defense

-0.21

£-.27-.44-.171.251.19.18

-.48-.80-.90-.40-.49-.17-.08-.14

if.16.24.37.47.47

ii.46

-£-.05

.00-.07

:il:il-.06-.11-.08

.08-.98

.07

.71-1.06

-:§t-.19-.67

.32

.36-.38-.10

-ii-.01-.10-.76

.42

.27-.12-.16-.10

.42

.70

Non-defense

-0.18.06.43.23.23.19.04

-.03-.07

.06-.04

.09

.16-.01

.14

.08

.02

.11

.19

.04

.16

.04-.14

.13-.04

.13

.07

.01-.12

.17

.18

.05

.17-.01-.02-.01

.00

.10

.02

.10

.06-.37

.25

.16-.05

.01-.01-.55

.31

.24

-£.34.23

-.08-.17

if-.42

.36

.13

.23-.16

.24

Stateandlocal

0.39.56.29.57.66.66.63

i!.33.32.35.24.33.46.42.10.04.42.20.01

-.23.00.09.42.59.60.28.42.43.48.28.26.15

£.28.43.37.47.12.45.49.24.27.35.05.32

-.04.78.13.55.50.39.40.27

£.37.28.90.10.55.52

Source: Department of Commerce, Bureau of Economic Analysis.

313


TABLE B-6.—Chain-type quantity indexes for gross domestic product, 1959-99[Index numbers, 1996=100; quarterly data seasonally adjusted]

Year orquarter

1959I960196119621963i%J :::::. :r19651966196719631969 ::i;ii:z.'.'1970197119721973 '.!197419751976 .'.'197719781979 \1980

1984198519861987 "::::::::":::1988198? '":::":::"::"19901991199219931994199519961997 ..19981999*1994- 1

||IllIV

1995- 1IIIllIV

1996:1||IIIIV

1997-1||III !IV

1998- 1||IllIV .

1999-1IIIllIV*

Grossdomes-

ticproduct

29.4430.1730.8732.7334.1536.1338.4340.9541.9743.9745.3545.4346.8549.3352.1351.9951.8454.5657.0360.2862.3362.3663.9262.7265.3570.1172.8275.3377.9881.2684.0785.54

90^993.9296.47

100.00104.50109.00113.4192.3993.6994.2195.3895.7495.9496.7097.4900 10

99:84100.39101.59102.82104.12105.14105.94107.67108.24109.25110.83111.84112.36113.92115.54


Total

27.7828.5329.1130.5431.8033.7035.8337.8739.0041.2242.7943.7845.3247.9950.2950.0751.1953.9756.2158.8460.4960.5161.3762.2465.5269.0772.5275.5878.2181.4083.5285.0485.1787.90905493i9496.80

100.00103.75108.80114.5392.7593.5494.2695.2195.5696.4997.2697.9198.7299.81

100.34101.13102.36102.82104.47105.34106.7710836109.42110.66112.43113.83115.19116.68

Durablegoods

16.4916.8216.1918.0819.8421.6724.4226.4826.9029.8530.9229.9132.9137.0840.9138.1038.0942.9546.9549.4349.2645.3945.9845.9852.8160.5466.5272.5873.8478.1179.7579.0173.7977.7084.0890.4694.66

100.00106.63118.66132.2388.7289.4990.4793.1692.5393.668897.61

100.64100.26101.50104.15103.76108.64109.98114.35117.42118.62124.26127.95130.76133.21136.98

Non-durablegoods

38.3538.9339.6440.8941.7543.8046.1248.6549.4251.6753.0554.3255.3057.7359.6258.4259.2862.1763.6766.0567.8167.7168.5169.1771.4774.3176.3379.0780.9783.5585.8387.0186.6588.2990.8794.3597.14

100.00102.92107.07112.7493.0993.8794.7295.7196.2096.9097.3198.1398.7299.73

100.29101.26102.22102.17103.60103.67105.13106.85107.49108.80111.15112.05113.04114.73

Services

24.3925.4626.4927.7929.0630.8232.4534.0735.7437.5839.4641.0342.3544.5446.5347.9549.6851.5953.7256.5558.7360.1661.1362.4365.2768.0571.6674.1177.5080.7682.9185.1786.8289.9191.7494.4597.07

100.00103.60107.80112.1493.4294.2294.8195.3695.8596.86m98.9499.68

100.39100.99102.07102.96104.10105.28106.14107.39108.62109.03110.16111.56112.92113.90


Total

21.9621.9521.8124.5726.2128.3732.3535.1933.5735.5137.5835.1039.0943.7048.8145.2037.2044.7051.4557.3859.1852.7357.5949.5154.2270.1369.4869.0270.7672.6575.3673.0166.7572.4178.6989.0891.79

100.00111.51124.52131.6785.0890.0188.6692.5893.5490.8290.0592.7494.3399.25

103.12103.30106.75112.18112.47114.66123.24121.76124.82128.26129.41128.74132.90135.63

Fixed investment

Total

22.2022.3922.3224.3326.2128.7431.6633.47

8837.3036.5139.2643.9647.9744.%40.1344.0850.4156.2259.3755.5856.7952.8156.7666.2869.7770.6070.5873.1575.14

t776510

79.0386.2591.46

100.00108.52121.37131.0683.6985.7586.6688.89

8891.2993.4096.0899.26

101.56103.10105.07107.25110.33111.43117.44120.95121.55125.55128.30130.37132.54133.05

Presidential

Total

15.9416.8416.7418.1919.2021.4725.2028.3527.9529.1931.3931.2231.2134.0438.9939.3035.4137.1441.3247.1551.8851.8554.7752.7252.1961.3765.4963.7363.6567.1170.8371.3567.8370.1176.0082.7890.89

100.00110.71124.80135.1380.0581.6283.0786.40

8890.8092.8995.8098.46

101.65104.09106.50109.05113.18114.09121.03124.54124.56129.06131.49133.74137.23138.08

Struc-tures

43.6547.1247.7649.9150.4655.7164.5969.0267.2668.2171.8972.1270.9473.1279.0877.4369.3271.0273.9782.6693.0899.23

107.09105.4794.53

108.03115.92103.4399.69

100.95103.42104.9593.3887.7088.3989.1493.39

100.00108.45112.93109.9285.8890.1689.9390.5792.4993.7993.7293.5395.9598.38

100.18105.49107.55106.46109.31110.48112.03113.98112.05113.64111.96110.44109.37107.91


9.7410.169.96

11.1112.0413.5816.0618.6118.4819.6221.3421.1221.3124.0428.4429.1326.3527.9832.1837.0940.3338.8840.5238.4240.5048.4051.4852.5153.3757.3761.3961.6360.3864.8672.2280.7990.08

100.00111.48129.09144.6378.2078.9680.9285.0688.7489.0689.8692.6795.7598.49

102.15103.61106.13109.94114.52115.32124.24128.33129.09134.70138.74142.47147.77149.56

Resi-dential

47.2643.8944.0248.2453.9257.0555.3950.4348.8455.5057.1453.7368.4680.6380.1163.5755.3268.3483.0288.2685.0367.0561.6850.4571.1981.5682.6792.5892.7992.3288.5380.9270.5782.0988.0996.6493.13

100.00102.35111.78119.8494.6498.1697.4196.3394.4290.5092.7194.8996.91

101.56101.30100.24100.98102.15102.30103.96107.43110.91113.07115.74119.30120.91119.75119.39


314


TABLE B-6.—Chain-type quantity indexes for gross domestic product, 1959—99—Continued

[Index numbers, 1996=100; quarterly data seasonally adjusted]

Year orquarter

195919601961 „196219631964 !!....'19651966 '..".1967196819691970197119721973197419751976197719781979198019811982 " 11.!19831984 11.1..!198519861987198819891990199119921993 !19941995199619971998 . .1999 f !!1994:1

IIIllIV ".'..

1995:1IIIIIIV

1996:1IIIllIV

1997-1IIHIIV

1998:1II . ...IllIV

1999:1IIIIIIV P

Exports of goods andservices

Total

8.229.93

10.1010.6411.4412.9613.2214.1114.4215.4716.3218.0918.1819.6423.9226.2726.1227.5728.2431.2434.3138.0738.5235.8334.9137.8438.8841.7646.5154.0160.3565.6270.0874.5976.8683.7292.37

100.00112.73115.21119.2679.5882.8384.8187.6589.1990.1693.9496.1996.7398.3599.19

105.72107.97112.09115.18115.68115.23114.07113.60117.92116.27117.41120.66122.68

Goods

8.4110.3810.4310.8911.7513.3613.4314.3614.4315.5716.3918.2618.1820.1424.7726.7326.1127.3527.7130.8134.4538.5538.1434.7033.7036.3637.5839.5143.8952.1658.7463.5868.0972.7374.9382.1891.97

100.00114.51116.89121.3377.3080.8683.5787.0088.9189.9893.2695.7396.8997.9299.81

105.39108.99113.66117.20118.21117.38114.69115.14120.35117.46118.71123.43125.72

Services

7.127.888.419.169.74

10.9011.7612.4213.5114.2015.1316.4717.0716.9219.8523.4825.1427.3929.1931.7432.5334.8138.5338.7238.0841.8142.2447.9253.7558.8664.4170.8475.1479.2881.7287.5993.36

100.00108.49111.19114.3985.3487.7887.9489.2989.8990.5995.6497.3396.3499.4497.73

106.49105.55108.36110.37109.68110.13112.48109.93112.22113.35114.24114.26115.70

Imports of goods andservices

Total

11.0711.2111.1412.4012.7413.4114.8417.0518.2921.0222.2123.1624.4027.1328.3927.7524.6629.4932.7035.5436.1333.7334.6134.1838.4947.8650.9555.2358.5860.8163.2165.6465.3169.6475.9885.0892.05

100.00113.72126.89141.9380.6684.2386.6688.7590.6592.0492.3293.2195.6498.68

102.05103.63107.43112.22116.86118.35122.41126.21127.81131.14135.07139.69144.63148.33

Goods

8.828.678.669.94

10.3411.0312.5914.5715.3418.5119.5220.2921.9924.9826.7426.0022.7227.8631.2534.0534.6432.0632.7231.9036.2445.0047.8052.7055.1557.3859.8061.6061.5667.2674.0383.8691.43

100.00114.21127.62143.8478.6982.8285.7088.2489.7591.5891.8092.5995.2298.65

102.13104.00107.60112.90117.42118.92122.87126.87128.40132.33136.33141.34147.08150.60

Services

22.6124.3823.9625.0825.0625.7126.4729.8333.4734.0836.2238.1137.0338.5437.2437.2035.5938.0439.9442.7843.3742.4044.8547.2451.0663.8668.7168.9477.6479.7581.9888.2386.1882.6986.6091.6595.40

100.00111.19123.21132.5991.3791.9091.8291.5095.5594.4595.0596.5397.8698.85

101.64101.65106.52108.76113.99115.47120.01122.83124.75125.24128.81131.58132.74137.24


Total

46.3946.3848.6151.5452.7653.7955.4660.4364.9967.0566.8165.3063.9863.9863.4764.7966.0666.0166.6368.7570.1571.6372.2973.4675.8778.5183.5888.1390.7991.8594.3697.4498.6599.2198.3398.4298.87

100.00102.33104.10107.9297.5697.7399.6498.7398.9399.4099.1997.9898.77

100.58100.01100.64101.06102.47102.91102.89102.62104.13104.46105.20106.52106.86108.06110.25

Federal

Total

70.8668.7671.4177.3277.1075.7975.9384.5192.7493.6090.5184.1578.1076.3472.5572.3772.3971.5072.7474.7176.5580.2684.0387.1092.5695.45

102.74108.39112.40110.37111.83114.11113.78111.96107.59103.69100.91

V898.97

101.84103.61102.54105.92102.71102.34102.38101.6597.2799.52

101.6199.6099.2798.55

100.90100.5699.4896.9699.7199.14

100.0899.97

100.49101.52105.36

Nationaldefense

88.1986.4990.0295.2992.8888.8687.2899.90

112.64114.65109.24100.0389.8585.3979.8677.9176.9675.3575.9276.5178.6981.9986.9893.4699.79

104.57113.32120.44126.10125.15124.18124.15122.80116.83110.57105.28101.37100.0097.5595.7197.52

104.57104.90108.63103.02102.76102.80101.7798.1499.82

101.6899.5598.9596.0498.2798.2397.6593.2195.6997.3396.6195.6495.0197.56

101.87

Non-defense

36.9834.0034.9342.1446.2250.2353.7054.4053.8452.4553.8453.0154.8658.3858.0761.5063.4864.0666.6771.4572.6177.1978.4174.2277.8676.6580.8183.3183.8079.4686.0993.2395.05

101.94101.50100.4799.98

100.00104.63105.63110.62101.6497.72

100.41102.09101.47101.52101.4095.5398.91

101.4799.7199.91

103.69106.28105.32103.23104.60107.89102.85107.16108.77111.62109.59112.49

Stateandlocal

31.3032.6634.6635.7137.8740.4343.1345.8548.1350.9652.5153.9955.6056.7358.3260.6062.6763.1563.3765.6366.7666.8565.5565.5266.0468.5372.2576.1577.9980.9084.0287.5689.6791.6392.8395.2897.66

100.00103.79107.14111.5393.9794.8895.9096.3696.9097.6397.7298.4098.3299.97

100.25101.46102.55103.41104.30104.91105.98106.75107.61108.23110.39110.64111.93113.15


315


TABLE B-7.—Chain-type price indexes for gross domestic product, 1959-99[Index numbers, 1996=100, except as noted; quarterly data seasonally adjusted]

Year orquarter

1959

1960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990

1993199419951996199719981999*1994:1

IIIIIIV

1995:1IIIIIIV

1996-1IIIllIV

1997-1IIIllIV !

1998:1||IllIV

1999-1IIIllIV* ....I..."

Grossdomes-

ticproduct

22.0622.3722.6222.9323.1823.5323.9824.6625.4326.5227.8129.2930.8332.1834.0136.9440.3742.7845.5848.7452.6957.3962.7166.5169.2371.8074.0575.6777.8480.4683.5686.8489.7691.7094.1796.1498.19

100.00101.66102.86104.3295.4295.8596.4196.8597.5697.9698.3998.8699.4699.77

100.21100.56101.14101.53101.83102.15102.41102.70103.06103.28103.79104.13104.41104.94


Total

21.8722.2422.4722.7423.0023.3223.6824.2924.9025.8827.0228.3029.5930.6732.3735.5638.4340.6843.4346.4250.3955.6260.4963.7966.6369.0671.4273.1375.8178.7382.2286.0289.0391.4493.9495.8698.01

100.00101.67102.63104.2794.9995.4896.2996.7097.2997.8398.2698.6599.2499.82

100.16100.78101.30101.51101.78102.08102.19102.48102.78103.08103.44104.01104.49105.13

Durablegoods

41.9741.7741.8642.0542.2042.4042.0341.8342.4843.8945.1046.0947.7748.2848.9852.0856.8459.9962.6166.2070.6076.5481.6284.7686.3887.5888.5989.6992.2193.4995.1496.00m99.%

100.56101.06100.0097.7995.4593.0099.88

100.36101.00101.00101.36101.22100.94100.72100,78100.1399.7799.3299.0598.1297.3196.7096.3295.8395.2994.3493.6793.2292.7592.37

Non-durablegoods

24.6024.9525.1025.3025.5925.9226.3927.2627.9128.9830.3231.8232.8033.9036.5641.8245.0946.8349.6152.9358.5065.3170.3772.3473.8975.6477.3077.0179.6682.3486.2690.9893.7695.2096.1596.8397.93

100.00101.35101.40103.7496.2196.4597.2697.40

HI98.1098.3199.0999.98

100.02100.92101.34101.17101.32101.55101.20101.15101.46101.78102.19103.47104.20105.09

Services

17.0917.5517.8718.2018.4518.7919.1619.7220.3121.1622.1623.3524.8025.9627.2229.1331.4533.8836.6639.3742.3346.5251.2255.2859.0362.0665.0668.0070.7374.1177.7381.618891.8094.4397.44

100.00

ffifi106.9993.3894.0194.8595.4896.3997.1597.8098.4099.0099.68

100.31101.01101.75102.38102.94103.46103.93104.56105.04105.60106.19106.63107.19107.96


Total

28.7828.9228.8428.8728.7828.9529.4230.0330.8331.9933.5134.9336.6938.2440.3144.3349.8052.5756.5161.1566.7173.0179.7783.9183.7384.4085.3087.1988.8690.9693.2295.0896.4696.3297.7099.11

100.29100.00

98.5998.9499.3099.59

100.04100.40100.42100.31100.0399.84

100.11100.0299.9599.8099.8999.7499.18n98.8598.8798.7898.7098.90

Fixed investment

Total

27.7227.8727.7827.8127J327.9028.3928.9929.8131.0232.5633.9635.6937.2339.3043.1848.5951.4255.4660.1765.6571.8378.5582.9182.8183.3784.45

8fi90.4892.7694.7096.1496.0797.4698.92

100.14100.0099.9599.2099.2498.3598.7499.1699.4199.84

100.20100.27100.25100.0499.84

100.08100.05100.0099.92

100.0399.8699.3899.1599.1699.1199.1999.1799.1999.42

Nonresidential

Total

32.4432.5932.4132.4232.4332.6032.9933.4934.3635.5837.0738.8240.6742.0843.7147.9554.5557.5961.5465.6971.0777.3984.9389.6988.9388.8389.5791.1792.0194.1796.2998.23

8899.81

100.54100.93100.0099.0497.2295.97

100.24100.56100.74100.60100.75101.09101.04100.82100.4099.9799.9299.7199.4599.1798.9898.5697.9097.3697.0396.6096.3896.0495.7295.74

Struc-tures

18.4818.4618.3518.5018.6718.9419.4920.1920.8221.8723.3124.8326.7428.6830.9135.1539.3441.2544.8149.1554.8759.9768.3173.7671.8272.4274.1175.5476.7279.9883.1085.7787.3287.2990.2293.5097.39

100.00104.14107.37110.2492.1592.8193.8695.1796.3597.0697.7998.38

8S100.44101.28102.34103.50104.85105.86106.11106.85107.79108.73109.07109.67110.58111.65


43.1543.5143.2843.0842.8642.8442.9143.0544.0345.2446.5248.2549.7350.3751.2555.0863.2467.0271.0274.8479.67865892.8696.6096.9196.2996.2897.9298.5399.95

101.45102.93104.48103.75103.24102.98102.12100.0097.3794.0191.64

103.08103.26103.12102.46102.25102.45102.14101.64100.91100.1699.7499.1998.4997.7497.0696.1895.2594.3493.6492.8192.4491.8691.2491.00

Resi-dential

18.9919.1219.1519.1819.0219.1819.7220.4421.1522.2723.8124.5826.0027.5830.0333.1236.2038.5342.4147.6152.9558.6863.4766.8768.4070.3772.1875.2178.2980.9983.5985.5486.6487.6991.2494.4897.91

100.00102.68105.30109.4893.2593.8094.8196.0597.2397.6998.0998.6299.0099.44

100.53101.03101.60102.14103.18103.80103.88104.64105.76106.93107.97108.93110.04110.99


316


TABLE B-7.—Chain-type price indexes for gross domestic product, 1959-99—Continued[Index numbers, 1996=100, except as noted; quarterly data seasonally adjusted]

Year oroudrtBr

1959

I960196119621963196419651966 .. ".1967196819691970197119721973 ....:.:..19741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999/>1994:1

IIIll ...IV ...

1995:1IIIll ...IV ...

1996:1IIIll ...IV ...

1997:1IIIll ...IV ...

1998:1IIIll ...IV ...

1999:1I IIll ...IV*

Exports andimports

services

Exports

28.74291029.5129492944296430623l'573218233.5034.53360337.333858419054.1459.7061.7664.3268.1576.2583.8289.9290.2390.7691.6489.1687.7589.9294.6696.4897.1398.2097.6697.9499.07

101.38100.0098.2395.9595.5598.3198.7199.3099.96

101.03101.83101.57101.08100.89100.5599.7998.7798.4798.5098.1897.7696.7296.2795.5795.2595.1395.3095.6196.18

Imports

20.95211521.15209021302175220622'5722.6623.0023.60250026.532840333447.7051.6753.2257.9262.0172.6290.4595.3292.1088.6587.8985.0285.0190.0294.4696.8799.4398.9399.0998.1899.12

101.83100.0096.4591.3191.6197.2498.51

100.12100.60101.05102.84102.15101.28100.87100.4299.2899.4398.2796.4395.8595.2492.5791.6390.5590.4889.8190.9692.3593.31

Government consumption expenditures andgross invBStment

Total

17.0417.2417.56180218.451895194720'2721.1222.3023.62255127.562965318734.9638.4140.9243.7946.5950.4655.9361.4265.5268.2171.7473.9175.2077.3179.3981.9985.2788.0790.0692.4894.8997.59

100.00101.78103.34106.1393.9594.7195.1695.7496.7197.2697.7298.6699.8799.49

100.09100.55101.31101.47101.84102.49102.73103.10103.60103.94104.93105.69106.56107.34

Federal

Total

17.8617.9918.27186819.1319772030209821.6222.8824.1025.9728.25308933.0835.8539.4542.1445.4248.2751.9857.4963.1067.5669.9974.1975.7176.1477.0678.8581.1583.8287.1989.8192.2094.5397.22

100.00101.30102.38105.4593.6594.6494.5795.2496.1996.5397.1399.05

100.2899.4699.93

100.34101.20101.24101.18101.57102.07102.30102.41102.76104.89105.13105.60106.17

Na-tional

defense

17.7617.8618.071844189019452001206621.3122.5023.72254327.69306132.9135.8239.2442.0245.1548.2952.1957.9363.7168.4470.8675.9577.2477.2778.0179.6581.9184.5787.7090.7592.4594.4896.88

100.00101.22102.03104.7693.5994.4994.5995.2595.9896.4197.0798.0699.9399.52

100.06100.49101.20101.16101.07101.45101.86101.85102.07102.32104.21104.47104.93105.44

Mnnnon-defense

17.6617.9218.50190819.542050209021.6822.2823.7424.9227.4029.7331.4433.3035.6639.7242.1445.7647.9351.2056.1661.3765.1667.6369.4071.6073.2074.6976.9579.3982.0986.1187.6791.6394.6097.93

100.00101.45103.07106.7493.7594.9694.4995.2096.6296.7897.25

101.09101.0099.3299.65

100.03101.19101.38101.41101.81102.49103.15103.05103.59106.18106.37106.85107.55

Stateandlocal

16.1716.4716.86173917.78181418'6519.5720.6621.7723.2025.1126.96286030.8334.1337.4539.8342.4145.1449.1054.5159.9063.7066.5869.5672.2774.2877.4079.7382.5686.3288.6990.2192.6595.1197.81

100.00102.06103.89106.5394.1394.7395.5396.0497.0397.7198.0898.4299.6299.52

100.19100.68101.38101.62102.22103.03103.11103.56104.27104.62104.98106.02107.11108.00

Finalcalpcsaies

of

tic8"product

21.9022.2222.4622.7823.03233823^8324.5225.2826.3827.6729.1430.6832.0333.8636.7740.1942.6145.4248.5852.5257.1962.5066.3469.0571.6173.9075.5477.7180.3683.4886.7789.6991.6494.1296.1098.16

100.00101.69102.93104.4395.3795.8196.3896.8297.5297.9298.3698.8499.4699.77

100.21100.56101.16101.56101.86102.18102.47102.77103.13103.36103.88104.24104.54105.07

Gross domesticpurchases

Total

21.5721.8722.10224022.672302234424.1024.8025.8727.1128.5730.1231.5033.3736.6539.9942.3745.3148.4952.6758.1063.3666.9469.3771.7873.8775.5277.9480.5783.7187.1489.9091.9094.2496.1898.28

100.00101.39102.14103.6595.3495.8696.5496.9697.6098.1298.4998.9199.4899.77

100.14100.62101.09101.23101.48101.76101.79101.99102.26102.51102.92103.40103.85104.44

1 aceLessfoodanHa no

energy

"65.4468.1370.6372.9275.2577.7380.5583.5186.6789.5391.7594.2796.3698.53

100.00101.34102.40103.7895.5096.1096.6997.1497.8298.3398.7699.2199.6799.75

100.12100.47100.90101.25101.48101.73101.94102.24102.56102.84103.28103.58103.88104.39

UlUoona-

tionalproduct

220322.3422.5922.9023.162351239524.6425.4026.5027.7829.2630.8032.1433.9836.9040.3342.7445.5448.7152.6657.3662.6966.5069.2171.7774.0275.6477.8180.4483.5486.8389.7691.7194.1696.1398.19

100.00101.67102.87

95.4395.8696.4196.8597.5697.9598.3998.8699.4699.77

100.21100.56101.15101.53101.84102.15102.42102.71103.06103.29103.79104.14104.41

Percent change2

Grossdo-

ticprod-uct

1.41.11.41.1151.92.93.14.34.85.35.34.45.78.69.36.06.56.98.18.99.36.14.13.73.12.22.93.43.93.93.42.22.72.12.11.81.71.21.41.91.82.41.82.91.61.81.92.51.31.81.42.41.51.21.31.01.11.4.9

2.01.31.12.0

P H

mestic

chases1

Total

141.11.31.21 fi1.82.82.94.34.85.45.44.65.99.89.16.06.97.08.6

10.39.15.73.63.52.92.23.23.43.94.13.22.22.52.12.21.71.4.7

1.51.52.22.81.82.72.11.51.72.31.21.51.91.9.6

1.01.1.1.8

1.11.01.61.91.72.3

Lessfoodanden-ergy

.......

........

3.73.23.23.33.63.73.83.32.52.82.22.31.51.31.01.41.82.62.51.92.82.11.71.91.9.3

1.51.41.81.4.9

1.0.8

1.21.31.11.71.21.22.0

1 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.2 Percent changes based on unrounded data. Quarterly percent changes are at annual rates.Source: Department of Commerce, Bureau of Economic Analysis.

317


TABLE B-8.—Gross domestic product by major type of product, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959196019611962196319641965 ...19961967196819691970 .1971197219731974197519761977197819791980198119821983198419851986 .198719881989 ... .1990199119921993 ..199419951996199719981999p1994:1

III l lIV

1995:1I II l lIV

1996:1 ....... .I II l lIV

1997-1I II l lIV

1998- 1III l lIV

1999- 1II . .. .IllIV/>


507.4527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3

1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.42,795.63,131.33,259.23,534.93,932.74,213.04,452.94,742.55,108.35,489.15,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.46,887.87,015.77,096.07,217.77,297.57,342.67,432.87,529.37,629.67,782.77,859.07,981.48,125.98,259.58,364.58,453.08,610.68,683.78,797.98,947.69,072.79,146.29,297.89.477.1

Finalsales ofdomes-

ticproduct

503.5524.1542.7580.4613.1659.6710.9775.7824.2902.4976.2

1,037.71,120.31,231.31,369.71,487.01,641.41,806.82,009.12,270.12,548.42,801.93,101.53,274.13,540.73,867.34,191.24,446.34,715.35,089.85,461.45,788.75,986.46,303.96,621.26,991.87,367.57,783.28,232.48,688.79,204.26,844.06,936.07,044.07,143.17,234.87,306.87,419.47,509.17,622.87,752.97,809.07,947.98,073.08,166.98,306.98,382.88,511.78,642.98,724.28,876.29,021.69,128.69,257.09.409.5

Changein

pri-vate

inven-tories

3.93.23.06.15.64.89.2

13.69.99.19.22.08.39.1

15.914.0-6.317.122.325.818.0

£-14.9-5.865.421.86.6

27.118.527.714.5-.2

15.021.162.633.030.068.371.244.343.879.852.074.662.735.813.420.26.8

29.850.033.552.992.657.670.298.940.873.771.451.017.640.867.6

Goods

Total

Total

251.7258.0260.7281.5293.2313.6343.3381.7395.3428.3457.7470.3496.1542.7622.0670.9724.8811.4890.7

1,004.51,128.71,207.61,362.81,354.61,452.11,637.01,702.71,758.21,853.52,000.02,175.32,266.42,296.12,391.42,503.22,680.22,798.12,951.33,142.43,310.33,478.82,615.22,666.02,680.72,758.72,781.52,767.62,796.42,847.12,876.62,945.22,977.53,005.93,079.23,137.23,166.33,187.03,287.03,258.93,305.63,389.83,416.63,424.23,494.03.580.4

Finalsales

247.8254.7257.7275.4287.6308.8334.1368.0385.5419.2448.5468.3487.9533.6606.1656.9731.1794.3868.4978.7

1,110.71,213.91,333.01,369.61,457.81,571.61,680.91,751.71,826.41,981.52,147.62,251.92,296.32,376.42,482.12,617.62,765.12,921.33,074.13,239.13,434.62,571.42,586.22,628.72,684.12,718.82,731.72,782.92,826.92,869.82,915.42,927.52,972.43,026.23,044.63,108.73,116.83,188.03,218.13,231.93,318.43,365.63,406.63,453.23.512.8

Changein

pri-vate

inven-tories

3.93.23.06.15.64.89.2

13.69.99.19.22.08.39.1

15.914.0-6.317.122.325.818.0-6.329.8

-14.9-5.865.421.86.6

27.118.527.714.5

15^021.162.633.030.068.371.244.343.879.852.074.662.735.813.420.26.8

29.850.033.552.992.657.670.298.940.873.771.451.017.640.867.6

Durable goods

Finalsales

92.495.294.5

104.7111.5121.2134.2150.2155.3169.5180.9183.2190.2213.0245.8262.1294.7329.6374.6426.2487.3518.0564.5566.1611.8686.6750.0781.5809.9886.4963.8994.3988.3

1,029.41,090.71,161.61,239.81,331.91,424.81,528.91,618.21,141.11,148.51,168.71,187.91,215.91,218.71,251.41,273.01,298.81,329.81,339.21,359.81,386.81,407.81,453.91,450.71,506.01,518.21,519.91,571.41,584.31,601.71,631.11.655.7

Changein

pri-vate

inven-tories

2.91.7

?42.63.86.2

10.04.84.56.0-.22.96.4

13.010.9-7.510.89.5

18.212.8-2.3

7.3-16.0

2.541.4

4.4-1.922.922.720.0

7.7-13.6-3.017.135.733.619.135.638.925.425.141.831.144.848.032.523.330.410.218.838.78.6

28.054.123.636.556.321.139.838.624.1

6.323.048.2

Nondurable goods

Finalsales

155.5159.5163.2170.7176.1187.6199.9217.8230.2249.8267.6285.1297.6320.6360.3394.9436.4464.7493.8552.5623.4695.9768.5803.4846.1885.0930.9970.2

1,016.51,095.11,183.81,257.61,308.01,346.91,391.41,456.01,525.31,589.41,649.31,710.21,816.41,430.21,437.71,459.91,496.21,502.81,513.01,531.51,553.91,571.01,585.61,588.31,612.71,639.51,636.81,654.81,666.11,682.01,699.91,712.11,747.01,781.31,804.91,822.21.857.1

Changein

pri-vate

inven-tories

1.11.63.02.73.01.03.03.65.04.53.22.2

82.93.11.26.3

12.87.65.2

-4.022.51.1

-8.224.017.48.44.2

-4.37.76.8

13.418.04.0

26.8

1&932.832.218.918.738.021.029.714.73.3

-9.8-10.2-3.410.911.324.824.938.534.033.742.619.733.932.827.011.417.819.4

Serv-ices

193.2207.5221.4237.2252.8272.3292.1319.6349.1383.2419.3459.6504.0550.8600.6664.4743.6821.3913.9

1,019.61,127.11,268.91,418.61,562.61,716.11,872.22,054.02,217.22,399.62,599.52,792.83,010.83,203.93,416.03,593.53,782.63,985.14,191.04,434.74,664.54,930.33,705.83,758.33,814.93,851.33,902.03,965.14,018.84,054.54,109.64,167.84,204.04,282.44,338.34,407.64,467.84,524.94,563.84,646.14,700.44,747.94,820.74,885.54,963.75.051.6

Struc-tures

62.561.963.667.872.778.484.788.089.6

100.0108.3109.7128.4146.9162.9165.6166.7191.2226.8271.8310.6319.1350.0342.0366.8423.6456.3477.4489.3508.8521.0526.0486.2511.5545.6591.6617.3670.9723.7785.1839.3566.8591.5600.3607.7614.0610.0617.7627.7643.4669.6677.6693.1708.4714.7730.5741.2759.8778.8791.9809.9835.3836.5840.1845.1

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

318


TABLE B-9.—Real gross domestic product by major type of product, 1959-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

19591960196119621963196419651966 . . .1967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997 .1998 . .1999*1994- 1

I II l lIV

1995:1III l lIV

1996-1I II l lIV

1997:1IIIllIV

1998:1III I IIV

1999- 1IIIllIV*


2,300.02,357.22,412.12,557.62,668.22,822.73,002.83,199.53,279.53,435.63,543.23,549.43,660.23,854.24,073.14,061.74,050.34,262.64,455.74,709.94,870.14,872.34,993.94,900.35,105.65,477.45,689.85 885.76,092.66,349.16,568.76,683.56,669.26,891.17,054.17,337.87,537.17,813.28,165.18,516.38,861.07,218.57,319.87,360.57,452.37,480.47,496.07,555.07,616.87,671.47,800.57,843.37,937.58,033.48,134.88,214.88,277.38,412.78,457.28,536.08,659.28,737.98,778.68,900.69,026.9

Finalsales ofdomes-

ticproduct

2,298.42,359.02,415.52,548.12,661.42,820.22,982.73,163.33,259.43,419.53,527.63,559.73,650.53,843.34,043.94,043.44,083.94,239.64,422.84,672.44,852.44,899.24,962.54,935.65,127.55,400.55,671.65,885 96,068.26,333.46,542.46,671.36,674.26,878.77,035.37,275.97,505.57,783.28,095.78,441.38,813.77,176.37,239.87,308.97,378.47,419.17,462.37,543.47,597.37,664.67,770.97,793.57,903.77,981.18,042.08,155.38,204.38,307.08,410.48,459.68,588.38,685.28,757.98,855.88,955.9

Changein

pri-vate

inven-tories

12.110.99.5

19.618.415.130.642.831.728.427.44.4

23.923.735.625.0-9.432.540.844.126.1

-10.537.9

-15.6-9.776.127.196

29.618.429.616.5-1.017.120.066.830.430.069.174.341.947.885.856.377.462.232.5

9.018.05.6

30.351.232.951.593.159.272.7

107.343.176.170.750.114.038.065.4

Goods

Total

Total

764.7777.1780.6837.0866.1919.2994.9

1,083.41,095.21,146.71,180.61,166.51,194.31,280.11,395.01,378.51,357.91,453.81,524.11,621.81,686.11,677.01,753.61,678.41,754.81,941.11,990.02,057 52,136.32,255.32,379.62,404.22,372.72,455.02,548.22,708.32,813.82,951.33,141.33,330.53,505.82,647.52,698.32,704.92,782.72,800.32,784.92,810.02,860.02,879.42,942.32,976.33,007.13,071.43,130.23,167.53,196.23,302.83,277.83,323.93,417.43,442.13,446.13,525.33,609.6

Finalsales

2,112.22,239.02,353.62,391.12,375.62,441.52,528.52,647.02,782.32,921.33,071.63,255.13,459.12,605.32,619.62,653.72,709.72,739.52,751.32,798.12,840.32,872.42,912.82,926.42,973.63,018.93,036.83,107.93,122.73,195.93,231.53,246.93,346.23,390.03,427.53,481.33,537.8

Change

pri-vate

inven-tories

29.618.429.616.5-1.017.120.066.830.430.069.174.341.947.885.856.377.462.232.5

9.018.05.6

30.351.232.951.593.159.272.7

107.343.176.170.750.114.038.065.4

Durable goods

Finalsales

837.8919.1982.7

1,000.0976.8

1,018.01,076.51,144.21,231.81,331.91,445.01,585.11,714.71,124.61,128.71,148.31,175.21,202.41,209.81,246.91,268.31,292.51,330.21,340.81,364.01,392.51,422.91,479.81,485.01,547.41,568.01,578.11,646.91,668.71,693.51,734.21,762.5

Changein

pri-vate

inven-tories

25.023.920.6

7.9-14.0-2.917.735.933.319.135.839.726.325.542.131.244.647.732.223.130.310.218.738.7

8.728.154.323.836.957.121.340.739.625.16.5

23.849.8

Nondurable goods

Finalsales

1,285.31,325.41,374.21,394.21,403.61,427.21,454.41,504.41,551.01,589.41,627.11,672.61,749.51,482.31,492.61,506.81,535.91,537.81,542.11,551.61,572.31,580.01,582.51,585.61,609.51,626.41,614.21,629.11,638.71,650.51,665.71,671.21,703.11,725.21,738.51,752.91,781.3

Change

pri-vate

inven-tories

3.1-6.9

8.78.6

13.520.62.0

30.8-3.610.933.334.615.622.343.824.932.413.6-.3

-14.7-12.8-4.711.512.724.2

38i835.435.850.221.835.331.025.0

7.514.215.8

Serv-ices

1,201.51,258.01,314.81,376.71,440.71,514.71,585.11,675.11,763.31,842.01,912.31,965.92,013.12,072.32,142.52,216.82,287.32,345.92,418.12,520.52,596.62,664.12,705.12,760.52,848.32,939.63,079.23,200.13,333.23,465.53,561.13,666.83,744.43,858.63,908.14,000.24,090.64,191.04,324.24,449.44,597.13,960.43,987.74,020.04,032.94,044.64,084.44,114.24,119.44,142.04,184.74,192.54,244.74,267.44,310.24,344.94,374.54,388.64,442.94,471.44,494.64,529.54,571.04,620.44,667.6

Struc-tures

340.6337.4346.8366.6391.3417.7438.6439.2432.7459.3465.2445.1486.4522.4533.7478.4435.0475.9521.1567.1582.7541.4533.5487.8524.3595.2626.1635.2631.1632.8626.5614.8559.5584.9602.5630.7632.9670.9700.2738.9763.7612.9635.5637.7636.9635.5627.3631.3637.6650.2673.5674.5685.5695.0695.1703.2707.6724.2737.5742.5751.7770.2764.7760.9759.0


319


TABLE B-10.—Gross domestic product by sector, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959I9601961196219631964196519661967 ..196819691970197119721973197419751976 . .197719781979198019811982198319841985198619871988 .198919901991199219931994

199619971998imp1994:1

IIIllIV

1995:1IIIllIV

1996:1||IIIIV

1997-1I IIllIV

1998:1||I I IIV

1999:1II .I l lIV'


507.4527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3

1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.42,795.63,131.33,259.23,534.93,932.74,213.04,452.94,742.55,108.35,489.15,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.46,887.87,015.77,096.07,217.77,297.57,342.67,432.87,529.37,629.67,782.77,859.07,981.48,125.98,259.58,364.58,453.08,610.68,683.78,797.98,947.69,072.79,146.29,297.89,477.1

Business *

Total

436.6451.3465.1500.0526.3565.2613.9671.0703.4766.1825.4863.1935.7

1,030.01,156.81,250.51,356.81,521.61,702.81,937.32,174.92,358.82,647.32,729.82,968.13,313.93,546.83,740.93,976.04,281.24,600.94,842.04,962.45,242.15,518.05,886.66,190.16,556.06,996.87,402.07,821.55,735.25,851.25,923.76,036.16,100.36,137.06,218.56,304.76,388.56,530.36,596.06,709.16,838.86,961.67,054.57,132.47,274.47,333.67,432.17,568.07,669.17,729.47,862.68,025.1

Nonfarm1

Total1

417.7431.5445.0479.8506.0546.0592.1648.2681.1743.4800.2836.9907.6997.3

1,107.11,203.11,308.11,475.11,655.61,882.52,110.52,302.72,577.42,664.62,918.93,245.33,479.73,678.03,910.94,217.44,524.74,762.44,889.25,161.65,444.45,803.06,116.96,463.86,908.87,321.97,739.25,641.75,765.15,845.05,960.16,028.76,067.56,147.66,223.86,301.66,435.56,498.26,619.86,747.36,872.66,966.87,048.37,201.57,258.87,351.67,475.57,580.57,645.37,784.07,947.1

Nonfarmless

housing

382.1392.9403.6435.2458.5495.8538.5591.2620.3678.6730.3761.9825.9908.6

1,010.11,097.21,193.81,350.11,516.21,726.71,934.42,097.62,342.22,405.22,642.22,942.83,147.43,318.93,523.93,799.04,074.54,281.14,381.34,626.24,895.55,218.35,499.45,820.96,240.16,621.46,994.25,062.35,190.75,257.45,362.65,420.95,455.35,530.15,591.35,668.35,797.35,852.05,966.26,086.36,205.56,295.56,373.26,518.06,564.86,645.46,757.56,850.36,906.27,034.37,185.9

Hous-ing

35.638.641.444.647.450.253.557.060.864.869.974.981.788.796.9

105.9114.3125.0139.4155.8176.1205.1235.2259.4276.7302.6332.3359.0387.0418.4450.2481.3507.9535.4548.9584.7

668i6700.4745.0579.4574.5587.6597.4607.8612.2617.6632.5633.2638.2646.2653.7661.0667.1671.3675.2683.5694.0706.2718.0730.2739.1749.7761.2

Farm

18.919.820.120.220.419.321.922.922.222.725.226.228.132.649.847.448.846.447.254.764.556.169.965.149.268.567.163.065.163.876.279.673.280.573.683.673.292.288.080.282.393.586.178.776.071.669.570.880.986.994.897.789.391.489.087.784.072.974.880.692.588.684.178.678.0

Households and institutions

Total

12.413.914.515.616.717.919.321.323.426.129.532.435.638.943.047.152.057.162.469.777.387.197.6

108.2119.2131.2141.0153.7173.3195.1214.6237.9257.5279.5297.0313.3330.3348.6366.2385.6408.2306.7310.4315.5320.6324.1328.4332.1336.7341.9346.0350.5355.8359.2363.8368.7373.1377.3383.2388.4393.4399.7404.9411.0417.1

Privatehouse-holds

3.63.83.73.83.83.94.04.04.24.44.44.54.64.64.84.64.65.45.96.56.46.16.26.36.37.37.37.77.78.38.99.49.1

10.110.711.111.912.012.114.015.910.911.011.211.411.611.812.012.112.112.012.011.911.711.912.112.513.013.614.315.215.615.816.016.2

Non-profit

institu-tions

8.910.110.711.812.814.015.317.219.221.725.027.931.034.338.242.647.351.656.463.270.981.091.4

102.0112.9123.9133.6146.0165.6186.8205.7228.6248.4269.4286.3302.2318.4336.5354.1371.6392.3295.9299.4304.3309.2312.5316.6320.1324.6329.8334.0338.6343.8347.5351.9356.6360.6364.3369.6374.1378.2384.1389.0395.0400.9

General government2

Total

58.462.166.170.975.781.386.897.0

107.3119.3130.5144.2157.3171.5185.7203.4226.4245.3266.2288.9314.2349.7386.5421.2447.7487.7525.3558.2593.1632.0673.6723.3766.3797.3827.3854.5880.1908.7937.8972.3

1,018.7845.9854.1856.8861.0873.0877.1882.3887.9899.3906.4912.5916.5928.0934.1941.4947.6958.9966.9977.4986.2

1,003.91,012.01,024.21,034.9

Federal

32.033.234.536.738.640.942.647.451.856.760.564.768.673.676.481.689.195.6

103.6111.0118.7132.1148.3163.1173.0194.0206.3213.9224.5235.9247.6259.7275.8282.8287.0287.4

293J296.9308.2289.2289.9286.1284.6287.0286.5287.3286.4292.0292.5292.6290.9295.0294.3293.5292.1295.7295.7297.5298.8307.8307.2308.3309.5

Stateandlocal

26.528.931.634.237.140.444.249.655.562.570.079.588.797.9

109.3121.8137.2149.7162.7177.9195.5217.5238.2258.1274.7293.7319.1344.3368.7396.2426.0463.6490.4514.5540.3567.0593.3616.7644.0675.4710.5556.7564.2570.8576.5586.1590.7595.0601.4607.2613.9619.9625.6633.0639.8647.8655.5663.2671.2679.9687.3696.1704.7715.9725.4

1 Gross domestic business product equals gross domestic product less gross product of households and institutions and of general govern-ment. Nonfarm product equals gross domestic business product less gross farm product.

2 Equals compensation of general government employees plus general government consumption of fixed capital.Source-. Department of Commerce, Bureau of Economic Analysis.

320


TABLE B-ll.—Real gross domestic product by sector, 1959-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959I96019611962196319641965196619671968 . .196919701971197219731974 .197519761977197819791980198119821983198419851986198719881989 .. ..19901991199219931994 ..19951996199719981999*1994:1

1!IllIV

1995:1III l lIV

1996:1III l lIV

1997:1I IIllIV

1998:1III l lIV

1999:1IIIllIV/> ...


2,300.02,357.22,412.12,557.62,668.22,822.73,002.83,199.53,279.53,435.63,543.23,549.43,660.23,854.24,073.14,061.74,050.34,262.64,455.74,709.94,870.14,872.34,993.94,900.35,105.65,477.45,689.85,885.76,092.66,349.16,568.76,683.56,669.26,891.17,054.17,337.87,537.17,813.28,165.18,516.38,861.07,218.57319.87,360.57,452.37,480.47,496.07,555.07,616.87,671.47,800.57,843.37,937.58,033.48,134.88,214.88,277.38,412.78,457.28,536.08,659.28,737.98,778.68,900.69,026.9

Business ]

Total

1,770.71,810.21,850.11,968.72,058.82,187.22,338.22,494.52,545.92,671.72,757.52,762.42,863.23,044.13,247.83,225.93,203.13,400.03,576.13,806.73,951.43,941.44,051.63,951.54,142.34,491.04,673.54,838.65,015.45,232.45,417.35,499.45,468.75,679.95,830.06,101.96,289.16,556.06,888.87,223.27,547.55,988.26,085.66,122.06,211.86,234.86,246.76,304.16,370.86,426.76,540.96,582.36,674.06,764.76,860.06,934.86,995.87,125.97,166.27,241.07,359.57,432.87,469.17,584.17,703.9

Nonfarm1

Total1

1,721.81,758.01,798.01,920.02,009.32,142.22,291.22,453.02,499.72,630.02,714.82,717.12,815.62,999.43,208.53,189.13,145.93,350.53,524.03,761.53,900.43,893.93,980.03,874.84,099.84,427.44,594.24,763.04,938.65,165.15,340.05,417.05,384.75,586.55,745.26,003.96,203.56,463.86,786.37,121.87,446.15,887.05,986.56,023.76,118.56,146.56,160.26,222.36,285.06,336.96,448.16,489.76,580.46,665.56,758.36,829.46,892.17,024.07,066.47,139.77,257.17,331.37,366.37,485.27,601.6

Nonfarmless

housing

1,550.61,576.51,606.71,716.11,795.01,917.22,053.02,202.42,237.92,357.42,430.72,426.12,512.82,680.72,873.62,840.32,795.12,987.53,148.03,364.23,483.33,456.13,526.63,419.23,637.03,943.54,094.04,253.04,413.14,622.04,779.04,845.84,799.74,987.85,146.25,382.75,567.45,820.96,135.66,462.26,766.45,265.65,374.25,400.95,490.05,513.05,526.85,588.35,641.85,697.85,807.65,845.45,932.96,015.26,106.76,178.36,242.36,370.46,408.16,477.66,592.76,659.36,690.16,802.26,913.8

Hous-ing

167.8179.2189.8202.2212.7222.9235.5246.9259.2269.3281.4289.7301.7316.6331.4349.1353.1362.1373.4393.4414.4441.8459.3465.3468.3486.4502.4511.2526.3543.5561.4571.8586.4599.8599.5621.6636.2642.8650.8660.2680.9622.1612.4623.1628.7633.9633.6634.1643.4639.1640.5644.3647.4650.3651.7651.1650.1654.0658.7662.6665.4672.9677.2684.2689.3

Farm

39.741.741.941.242.340.943.241.844.643.144.345.747.747.847.646.454.852.755.553.757.855.871.774.950.066.980.176.978.369.879.183.885.395.385.6

100.285.592.2

103.1100.599.4

103.5101.3100.895.088.986.880.985.489.792.892.793.699.5

102.1106.5104.2101.798.7

100.4101.3100.2101.695.899.9

Households and institutions

Total

115.6123.5124.4129.0132.1135.9140.8146.0150.8155.3160.3158.8162.3166.9170.9172.2177.7179.8185.0188.4192.5198.1202.6208.4213.0218.2224.9236.0247.8265.5279.8291.5300.9308.6319.7330.9341.5348.6360.5369.0376.3326.1329.0332.7335.8338.3340.8342.7344.3345.1347.2349.7352.3355.6359.0362.4364.9366.9368.2369.6371.3373.2374.8377.2380.2

Privatehouse-holds

22.622.822.121.921.621.420.719.920.019.018.016.916.115.615.213.112.312.712.913.311.810.49.79.39.2

10.410.110.410.210.611.111.410.511.311.711.812.212.011.813.314.611.711.711.912.012.112.212.312.312.212.111.911.811.611.611.812.012.412.913.514.214.614.614.714.7

Non-profit

institu-tions

86.194.196.1

101.0104.7108.9115.0121.5126.3132.2138.7138.7143.3148.6153.2157.1163.8165.4170.4173.3179.5187.0192.6199.0203.8207.6214.7225.5237.6254.8268.6280.1290.4297.3308.0319.1329.3336.5348.7355.7361.7314.4317.3320.9323.8326.2328.5330.3332.0332.8335.0337.8340.5344.0347.4350.7352.8354.5355.3356.1357.0358.6360.2362.5365.5

General government2

Total

460.3476.3493.3512.6527.8545.7564.0599.4631.5656.5673.6676.4678.0677.6680.5693.7704.4709.9716.4729.8737.2747.4751.4758.6763.2772.4794.3813.7831.4852.8873.0895.1903.6904.9906.2905.6906.7908.7915.9924.8939.0905.3905.8906.4905.0907.6908.8908.5901.8899.8912.5911.2911.1913.2916.0917.7916.9920.2923.4926.1929.6933.3936.2941.3945.4

Federal

250.4255.3260.8271.7274.1276.6278.4296.8316.4322.1323.5310.0296.4282.9272.7271.4269.5269.4269.2272.3271.7275.7279.8283.9290.2296.5304.7309.9318.0321.8325.6331.4333.3326.2319.7309.9299.1292.0287.8285.8284.8314.3311.2309.0304.9303.1302.2300.5290.5291.2294.2292.9289.8289.3288.5288.0285.2285.6285.6286.1286.1285.5284.5284.5284.7

Stateandlocal

211.1222.3233.7242.3254.9270.2286.6303.7316.4335.4350.7366.2381.2394.5408.1422.9435.8441.5448.3458.7466.9473.2473.0476.0474.1476.9490.6504.8514.5532.1548.5564.7571.2579.4587.1596.1607.7616.7628.2638.9654.1591.4594.9597.6600.3604.7606.7608.1611.2608.6618.3618.4621.4623.9627.4629.7631.6634.6637.7639.9643.4647.7651.5656.7660.6

1 Gross domestic business product equals gross domestic product less gross product of households and institutions and of general govern-ment. Nonfarm product equals gross domestic business product less gross farm product.2 Equals compensation of general government employees plus general government consumption of fixed capital.


321


TABLE B-12.—Gross product of nonfinancial corporate business, 1959-99[Billions of dollars,- quarterly data at seasonally adjusted annual rates]

Year nrTeal 01quarter

195919601961 ...:....19621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994: I ....

II ...Ill ..IV ..

1995:1II ...Ill ..IV ..

1996:1 ....II ...Ill ..IV ..

1997:1II ...Ill ..IV ..

1998:1II ...Ill ..IV ..

1999:1II ...Ill ..

Grossproduct

ofnon-

financialcorpo-ratebusi-ness

275.5286.6294.5321.1341,5368.4404.1442.2465,45126556.1575.3621.1689.1771.1833.0900.7

1,015.21,147.21,305.71,453.41,581.01,797.91,859.71,984.22,229.32,364.92,449.52,632.32,853.53,002.53,140.93,196.53,336.43,508.83,791.74,004.04,221.54,529.84,834.6

3,686.93,754.73,818.23,907.23,932.73,969.24,038.24,076.24,117.24,192.74,249.84,326.54,408.64,483.24,578.94,648.64,723.04,784.74,882.44,948.45,028.65,094.95,176.6

""

Con-sump-

tionof

fixedcap-ital

23.124.024.625.526.528.029.932.836.039844.148.853.458.764.175.089.599.2

111.2127.0147.4170.1196.8217.7226.0238.2254.9271.4284.8303.1323.8339.3355.7370.5387.0415.0437.7462.7491.3522.2559.5426.7405.0411?417.1425.6434.2440.9450.2452.6458.5465.9473.6480.3487.3495.1502.5508.4516.5526.7537.2543.8552.3568.55736

Net product

Total

252.4262.5269.9295.5314.9340.4374.2409.4429.44728512.0526.5567.6630.4707.0758.0811.2916.1

1,036.01,178.71,306.01,410.91,601.11,642.01,758.21,991.12,110.02,178.12,347.52,550.42,678.72,801.62,840.82,966.03,121.83,376.73,566.33,758.94,038.54,312.4

3,260.23,349.83,406.93,490.03,507.13,535.03,597.23,626.03,664.63,734.23,783.93,852.93,928.33,995.94,083.84,146.04,214.64,268.24,355.74,411.14,484.84,542.74,608.1

Indi-rectbusi-ness

taxes1

34.236.938.641.543.746.849.751.354.761467.072.278.884.692.298.2

105.7114.0124.3135.2145.1163.8195.9198.0216.2240.0254.6266.2278.8295.3317.1335.2359.0380.4400.5436.6455.5473.9496.1523.5556.8425.3433.3440.6447.1451.6455.0454.3461.1466.1472.6474.2482.7486.2493.9501.0503.2510.0516.4523.0544.5542.4549.8558.5576 fi

Domestic income

Total

218.2225.6231.2254.0271.2293.6324.5358.1374.74114445.0454.3488.8545.9614.9659.8705.5802.1911.7

1,043.51,160.91,247.11,405.31,444.01,542.01,751.11,855.41,911.92,068.62,255.12,361.62,466.42,481.82,585.62,721.32,940.13,110.83,285.03,542.53,788.9

2,834.92,916.42,966.33,042.93,055.43,080.13,142.93,164.83,19843,261.63,309.63,370.23,442.13,502.13,582.83,642.83,704.63,751.83,832.63,866.73,942.43,992.94,049.5

Com-pensa-

tionof

employ-ees

171.3181.0185.2200.0210.9226.5246.3273.8292.23231358.5378.1401.2445.9504.5555.1578.6655.0740.0851.0966.2

1,056.91,169.91,216.11,279.91,421.41,522.31,603.81,716.31,844.11,946.62,052.72,086.92,194.22,290.72,430.22,552.72,667.12,860.13,090.43,299.02,376.62,413.7244272,487.62,517.82,538.52,566.72,587.9260002,649.22,689.12,730.12,783.22,828.82,878.72,949.93,008.73,059.93,118.63,174.63,223.83,270.03,326.33,375.9

Corporate profits with inventory valuation and capitalconsumption adjustments

Total

43.741.142.149.555.561.872.176.973.878173.359.169.580.887.976.498.2

119.7141.0156.2149.6132.0163.5145.4185.5242.0242.7209.7247.2287.5263.2257.7252.0278.0324.7402.0442.3509.1562.8575.0

356.3398.2413.7440.0420.6424.4460.4463.64916504.4511.4529.1543.0553.7583.2571.2575.0568.6588.5568.0592.5594.7589.2

Profits

Profitsbefore

tax

43.640.340.144.949.856.166.371.667.774.171.158.567.379.099.0

109.6110.5137.9159.2184.4197.1183.6184.2136.9160.7195.3172.3147.9209.5257.3235.6237.2221.6258.0305.8381.4422.1460.2503.6490.6

352.3370.8389.3413.3414.1414.5431.3428.7445.9460.2460.1474.7484.8491.6525.8512.1486.2492.4503.9479.8508.6534.2541.8

Profitstax

liability

20.719.219.520.622.824.027.229.527.833.633.327.229.933.840.242.241.553.059.967.169.667.063.946.359.473.769.975.693.5

101.998.995.885.591.2

105.2128.9136.7150.1158.8152.5

119.7125.1131.1139.6134.4134.1139.5139.0144.9150.0150.0155.5152.7154.8166.4161.5150.9153.1157.1148.8157.9166.9169.3

Profits after tax

Total

22.921.120.624.327.132.139.142.139.940.637.831.437.445.358.867.469.084.999.3

117.3127.5116.6120.390.7

101.3121.6102.372.3

116.0155.5136.7141.4136.1166.8200.5252.6285.4310.1344.7338.1

232.5245.7258.2273.7279.6280.4291.8289.73009310.2310.1319.2332.1336.7359.4350.7335.3339.3346.9331.0350.6367.3372.5

Divi-dends

10.010.610.611.412.613.715.616.817.519.119.118.518.520.121.121.724.828.031.536.438.145.353.353.364.267.872.373.975.979.8

104.2119.2125.8135.0149.3158.6179.3201.9219.8245.4

148.4158.5158.1169.3172.7173.5183.2188.01989195.0203.8210.1211.6216.0221.6230.1236.2245.5242.9256.9241.5267.9264.6

Undis-tributedprofits

12.910.510.112.914.418.423.525.322.421418.712.818.925.237.845.744.256.967.880.989.471.367.037.437.153.830.1-1.640.175.732.622.210.331.951.294.0

106.0108.2124.9

92.7

84.287.3

1001104.4107.0106.9108.5101.71020115:2106.3109.1120.4120.8137.9120.699.193.7

104.074.0

109.199.4

108.0

Inven-toryvalu-ation

adjust-ment

-0.3-.2

.3

.0

.1-.5

-1.2-2.1-1.6-37-5.9-6.6-4.6-6.6

-19.6-38.2-10.5-14.1-15.7-23.7-40.1-42.1-24.6-7.5-7.4-4.0

.07.1

-16.2-22.2-16.3-12.9

4.9-2.8-4.0

-12.4-18.3

3.17.4

20.9

-8.3-10.2-157-15.6-32.5-28.2-9.8-2.6

21-17

4.77.19.3

11.24.94.0

29.513.619.820.813.3

-13.6-26.7

Capitalcon-

sump-tion

adjust-ment

0.41.01.74.65.66.27.17.47.67 78.07.16.88.48.55.0

-1.7-4.1-2.5-4.5-7.3-9.5

3.915.932.250.770.454.853.952.343.933.425.522.823.033.138.445.851.863.573.812.337.640142.339.138.139.037.543645.846.647.349.050.952.555.159.462.664.867.470.674.174.176.2

Netinter-est

3.13.54.04.54.85.36.17.48.8

10113.217.118.119.222.528.328.727.530.736.345.058.171.882.576.687.790.498.4

105.1123.6151.8156.0143.0113.3105.9107.9115.8108.7119.6123.5

102.1104.51099115.3117.0117.2115.8113.31069108.0109.1111.0116.0119.6120.9121.8120.9123.3125.5124.1126.1128.1134.0

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

322


TABLE B-13.—Output, price, costs, and profits of nonfinancial corporate business, 7959-99[Quarterly data at seasonally adjusted annual rates]

Year or quarter

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 . .. .1990199119921993199419951996199719981994-1 .

IIIllIV

1995:1IIHIIV

1996:1IIIIIIV

1997:1||IIIIV

1998:1||IIIIV

1999:1 . . .IIIll

Grossproduct of

nonfinancialcorporatebusiness

(billions ofdollars)

Currentdollars

275.5286.6294.5321.1341.5368.4404.1442.2465.4512.6556.1575.3621.1689.1771.1833.0900.7

1,015.21,147.21,305.71,453.41,581.01,797.91,859.71984.22,229.32,364.92,449.52,632.32,853.53,002.53,140.93,196.53,336.43,508.83,791.74,004.04,221.54,529.84,834.63,686.93,754.73,818.23,907.23,932.73,969.24,038.24,076.24,117.24,192.74,249.84!326.54,408.64,483.24,578.94,648.64,723.04,784.74,882.44,948.45,028.65,094.95,176.6

Chained(1996)dollars

940.2971.4993.8

1,075.21,137.11,216.21,314.61,404.61,441.01,529.31,589.21,575.21,637.81,765.2

iff}1,802.81,942.72,082.52,218.32,270.92,283.12,390.62,367.02,476.52,731.32,850.32,936.03,097.23,275.03,341.03,390.43,368.03,492.23,624.83,869.14,040.84,221.54,501.04,803.43,777.33,841.73,888.73,968.83,979.34,010.14,070.74,103.24,128.34,193.94,244.74,319.24,383.84,452.34,548.24,619.74,699.14,758.44,844.84,911.24,981.75,035.05,116.7

Price, costs, and profit per unit of real output (dollars)

Priceper unit ofreal gross

productof nonfi-nancial

corporatebusiness1

0.293.295.296.299.300.303.307.315.323.335.350.365.379.390.413.455.500

1589.640.692.752.786.801.816.830.834.850.871.899.926.949.955.968.980.991

1.0001.0061.007.976.977.982.984.988.990.992.993.997

1.0001.0011.0021.0061.0071.0071.0061.0051.0061.0081.0081.0091.0121.012

Com-pen-

sationof

employ-ees(unitlaborcost)

0.182.186.186.186.185.186.187.195.203.211.226.240.245.253.270.303.321.337.355.384.425.463.489.514.517.520.534.546.554.563.583.605.620.628.632.628.632.632.635.643.629.628.628.627.633.633.631.631.630.632.634.632.635.635.633.639.640.643.644.646.647.649.650

Unit nonlabor cost

Total

0.064.067.068.067.065

ff.065.069.073.078.088.092.092.095.110.125.124.128.134.149.172.194.211.209.207.210.217.216.221.237.245.255.247.246.248.250.248.246.244.253.245.247.247.249.250.248.250.249.248.248.248.247.247.246.244.243.244.243.245.243.244.246

Corn-sump-tionof

fixedcapital

0.025.025.025.024.023.023.023.023.025.026.028.031.033.033

£.050.051.053.057.065.075.082.092.091.087.089.092.092.093.097.100.106.106.107.107.108.110.109.109.113.105.106.105.107.108.108.110.110.109.110.110.110.109.109.109.108.109.109.109.109.110.111

Indi-rectbusi-ness

taxes2

0.036.038.039.039.038.038.038.037.038.040.042.046.048.048

8.059.059.060.061.064.072.082.084.087.088.089

:090.095.099.107.109.110.113.113.112.110.109.113.113.113.113.113.113.112.112.113.113.112.112.111.111.110.109.109.109.108.111.109.109.109

Netinterest

0.003.004.004.004.004

.005

.005

.006

.007

.008

.011

.011

.011

.012

.015

.016

.014

.015

.016

.020

.025

.030

.035

.031

.032

.032

.034

.034

.038

.045

.046

.042

.032

.029

.028

.029

.026

.027

.026

.027

.027

.028

.029

.029

.029

.028

.028

.026

.026

.026

.026

.026

.027

.027

.026

.026

.026

.026

.025

.025

.025

.026

Corporate profits withinventory valuation and

capital consumptionadjustments3

Total

0.046.042.042.046.049.051.055.055.051.051.046.038.042.046.047.042.054.062.068.070.066.058.068.061.075.089.085.071.080.088.079.076.075.080.090.104.109.121.125.120.094.104.106.111.106.106.113.113.119.120

i8. .124

.124

.128

.124

.122

.119

.121

.116

.119

.118

.115

Profitstax

liability

0.022.020.020.019.020.020.021.021.019.022.021.017.018.019.022.023.023.027.029.030.031.029.027.020.024.027.025.026.030.031.030.028.025.026.029.033.034.036.035.032.032.033.034.035.034.033.034.034.035.036.035.036.035.035.037.035.032.032.032.030.032

fl

Profitsaftertax4

0.024.023.023.027.029.031.034.034.032.029.025.020.024.027.026.019.031.034.039.040.035.028.042.042.051.062.061.046.050.057.049.048.049.053.061.071.076.085.090.088.063.071.073.076.072.072.079.079.084.085.085.086.089.090.092.089.090.087.089.085.087.085.082

tThe implicit price deflator for gross product of nonfinancial corporate business divided by 100.2 Indirect business tax and nontax liability plus business transfer payments less subsidies.3 Unit profits from current production.4 With inventory valuation and capital consumption adjustments.Source-. Department of Commerce, Bureau of Economic Analysis.

323


TABLE B-14.—Personal consumption expenditures, 1959-99[Billions of dollars,- quarterly data at seasonally adjusted annual rates]

Year orquarter

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983 :..198419851986 . .1987198819891990199119921993199419951996199719981999/> ........1994:1

I II l lIV

1995:1IIIllIV

1996:1I IIllIV

1997:1I II l lIV

1998:1IIIllIV

1999:1IIIllIV/> ...

Personalcon-

sumptionexpendi-

tures

318.1332.3342.7363.8383.1411.7444.3481.8508.7558.7605.5648.9702.4770.7852.5932.4

1,030.31,149.81,278.41,430.41,596.31,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.73,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.94,613.84,677.54,753.04,821.34,868.64,943.75,005.25,058.45,130.55,218.05,263.75,337.95,430.85,466.35,569.15,631.35,714.75,816.25,889.65,973.76,090.86,200.86,303.76,424.6

Durable goods

Total1

42.743.341.846.951.656.763.368.370.480.885.985.096.9

110.4123.5122.3133.5158.9181.2201.7214.4214.2'231.3240.2281.2326.9363.34013419.7450.2467.8467.6443.0470.8513.4560.8589.7616.5642.9698.2758.1546.2553.6563.2580.0578.2584.4596.2600.0606.4621.3616.7621.5636.1627.8651.9655.8679.2693.9696.9722.8739.0751.6761.8780.1

Motor

clesand

parts

18.919.717.821.524.426.029.930.330.036.138.435.544.551.156.149.554.871.383.593.193.587.095.8

102.9126.9152.5175.7192.4193.1206.1211.4206.4182.8200.2222.1242.3249.3256.3263.1289.2315.9241.4239.0240.2248.8245.0248.2252.3251.7256.3259.2255.4254.2262.6253.0269.1267.8278.6288.2285.6304.4306.8313.8318.1324.7

Furni-tureand

house-hold

equip-ment

18.118.018.319.320.723.225.128.230.032.934.735.737.842.447.951.554.560.267.274.382.786.792.193.4

106.6119.0128.5143.0153.4163.6171.4171.4171.5178.7192.4211.2225.0236.9249.5268.7290.2202.1208.6214.3219.9220.4221.9227.0231.0230.4238.2237.7241.2244.3247.0251.4255.1263.1265.8270.6275.3283.8287.3292.0297.9

Nondurable goods

Total1

148.5152.9156.6162.8168.2178.7191.6208.8217.1235.7253.2272.0285.5308.0343.1384.5420.7458.3497.2550.2624.4696.1758.9787.6831.2884.7928.8958.5

1,015.31,082.91,165.41,246.1

Food

80.782.384.086.188.393.6

100.7109.3112.5122.2131.5143.8149.7161.4179.6201.8223.2242.5262.7289.6324.7356.0383.5403.4423.8447.4467.6492.0515.3553.5591.9636.9

1,278.8 657.61,322.9! 669.31,375.21,438.01,497.31,574.11,641.71,708.91,841.11,409.71,425.11,449.91,467.21,475.81,492.21,502.61,518.51,539.61,569.41,578.81,608.41,630.51,627.11,652.31,657.11,674.61,701.21,716.61,742.91,787.81,824.81,853.91,897.7

697.9728.2755.8786.0817.0853.4903.0714.6725.4733.1739.6745.5753.6758.8765.3773.9781.8788.8799.3812.0811.9821.9822.2832.9847.6857.6875.6885.4893.4903.9929.4

Cloth-ingand

shoes

26.427.027.629.029.832.434.137.439.243.246.547.851.756.462.566.070.876.684.194.3

101.2107.3117.2120.5130.9142.5152.1163.1174.4185.5198.9204.1208.7221.9231.1240.7247.8258.6271.2286.3306.2237.2237.9241.5246.3244.5246.0249.3251.2253.0259.0259.3263.0267.3267.3274.5275.7282.5287.1286.6289.2301.8306.7308.1308.4

Gaso-lineanddiiuoil

11.312.012.012.613.013.614.816.017.118.620.521.923.224.428.136.139.743.046.950.166.286.797.994.193.194.697.280.185.487.797.0

107.3102.5104.9106.6109.0113.3124.2126.2112.9123.3105.7104.8111.5113.8113.9114.3112.7112.2117.7127.0123.3128.6130.4123.5125.2125.6117.5114.1111.8108.3106.5121.7129.3135.7

Fueloil

anddllUcoal

4.03.83.83.84.04.14.44.74.84.74.64.44.65.16.37.88.4

10.111.111.514.415.415.814.513.613.913.611.311.211.711.912.912.412.212.913.514.115.615.213.214.814.512.913.813.013.214.414.214.616.115.115.016.015.515.515.214.713.513.613.412.613.714.615.415.4

Services

Total1

127.0136.1144.3154.1163.4176.4189.5204.7221.2242.3266.4292.0320.0352.3385.9425.5476.1532.6600.0678.4757.4852.7954.0

1,051.51,174.01,286.91,420.61,535.41,670.31,823.51,963.52,117.82,249.42,415.92,566.12,717.62,882.03,047.03,239.83,441.53,655.72,657.92,698.82,739.82,774.02,814.72,867.12,906.32,939.92,984.43,027.43,068.23,107.93,164.23,211.43,265.03,318.53,360.93,421.13,476.13,508.03,564.03,624.33,688.03,746.7

Hous-in a 2ing

45.048.251.254.758.061.465.469.574.179.786.894.0

102.7112.1122.7134.1147.0161.5179.5201.7226.5255.1287.7313.0338.7370.3406.8442.0476.4511.9546.4585.6616.0641.3666.5704.7740.8772.5809.8855.9902.8690.7700.1709.6718.6727.7736.9744.9753.7760.4768.1776.6785.1794.5804.5814.7825.4837.5850.0861.8874.3885.6897.3907.6920.6

Householdoperation

Total1

18.720.321.222.423.625.026.528.230.232.435.237.941.345.7

56 064!373.182.792.1

101.0114.2127.3143.0157.6169.8182.2188.9196.9208.4221.3227.6238.6248.3268.9284.0298.1317.3332.7346.9362.6275.3287.5286.7286.4287.8295.7304.6304.2314.6318.3313.4322.7324.7328.4333.7344.0336.1348.0356.0347.3356.2360.3366.8367.0

Elec-tricity

andgas

7.68.38.89.49.9

10.410.911.512.213.014.115.316.918.820.424.029.233.238.543.047.857.564.874.282.486.590.889290.996.3

101.0101.0107.4108.9118.6119.8122.5128.7130.4128.1130.4121.3123.3118.7115.9116.2121.8127.3124.7131.3130.0124.6129.1128.8128.5128.9135.2123.6131.4134.6122.9128.3129.4133.8130.2

Trans-porta-tion

10.511.211.712.212.713.414.515.917.318.920.923.727.129.831.233.335.741.349.253.559.164.768.770.979.490.0

100.0107.3118.2129.9136.6141.8142.8155.0166.2180.9197.7214.2234.4245.2254.9174.3179.1183.1186.9190.4195.5200.8204.2206.5211.7215.9222.6228.5232.7236.5239.7242.1244.9246.2247.7250.3254.0256.5258.9

Medi-cal

care

16.417.618.720.822.625.827.930.733.939.244.850.456.963.971.580.493.4

106.5122.6140.0158.1181.2213.0239.3267.9294.6322.5346.8381.8429.9479.2540.6591.0652.6700.6737.3780.7814.4850.2894.3941.3723.4732.3741.5752.0767.6776.2784.8794.3798.2810.7817.9831.0837.7845.9854.9862.4877.7890.1899.0910.5922.5933.0948.1961.6

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.

324


TABLE B-15.—Real personal consumption expenditures, 1987-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

198719881989199019911992199319941995199619971998 .111999*1994:1

IIIll ....IV ....

1995:1IIIll ....IV ....

1996:1IIIll ....IV ....

1997:1I IIll ....IV ....

1998:1I IIll ....IV ....

1999:1I IIll ....IV* ..

Personalcon-

sumptionexpendi-

tures

4,096.04,263.24,374.44,454.14,460.64,603.84,741.94,920.05,070.15,237.55,433.75,698.65,998.74,857.64,899.24,936.74,986.45,004.75,053.65,094.05,128.05,170.35,227.55,255.45,296.85,361.15,385.15,471.85,517.15,592.35,675.65,730.75,795.85,888.45,961.86,033.36,111.2

Durable goods

Total1

455.2481.5491.7487.1454.9479.0518.3557.7583.5616.5657.4731.5815.1546.9551.7557.7574.3570.4577.4590.7595.7601.7620.4618.1625.7642.1639.7669.7678.0704.9723.9731.2766.0788.8806.1821.2844.5

Motorvehi-clesand

parts

242.4254.9253.9246.1211.8225.7242.2255.1253.4256.3263.8291.9318.0258.2253.3251.4257.5250.7252.2256.4254.4257.0259.6255.2253.4261.1252.9270.9270.4281.5291.7286.7307.4310.4317.2319.6324.9

Furni-tureand

house-hold

equip-ment

133.3142.3149.9150.9152.7161.5177.4196.3215.4236.9262.1297.4341.6187.1193.1198.6206.4207.7211.1218.1224.6226.1237.2238.7245.5251.4257.8266.2273.1284.8290.4301.7312.6326.7335.5346.0358.2

Nondurable goods

Total1

1,274.51,315.11,351.01,369.61,364.01,389.71,430.31,485.11,529.01,574.11,619.91,685.31,774.61,465.31,477.61,490.91,506.51,514.31,525.31,531.71,544.61,553.91,569.91,578.61,593.91,609.01,608.21,630.71,631.81,654.91,681.91,692.01,712.61,749.51,763.71,779.31,805.9

Food

664.6690.7703.5722.4721.4725.6745.1764.9777.0786.0799.1820.6850.8756.0764.7767.2771.6773.4776.0778.0780.6784.5785.5785.3788.5798.7796.7802.2798.9805.7818.2823.0835.4839.5844.6850.0869.2

Cloth-ingand

shoes

182.4187.8198.6197.2197.8208.8218.5231.6244.3258.6271.1292.2317.8227.6227.3232.2239.2240.1242.4246.3248.4250.7257.8261.6264.3267.8264.7274.7277.1287.8293.1292.2295.6314.7316.8321.6317.9

Gaso-lineanda nooil

112.8114.9116.4113.1109.4112.5115.4117.4120.2124.2126.2127.7128.1116.6117.3117.6118.3119.5120.0120.0121.5121.9124.4124.5125.9125.1126.7126.6126.4126.6127.9128.5127.7127.1127.5128.2129.5

Fueloil

anria 110coal

14.214.714.413.112.913.214.015.015.715.615.114.515.915.914.315.214.514.816.115.716.316.615.315.514.914.315.315.615.114.214.714.714.215.816.416.315.1

Services

Total1

2,361.52,460.62,526.12,595.12,645.52,739.42,795.42,878.02,957.83,047.03,156.73,284.53,416.82,846.42,870.92,888.92,905.72,920.42,951.32,971.82,987.83,014.83,037.23,058.83,077.23,110.13,137.03,172.03,207.83,234.23,272.23,309.63,322.0

m3,440.6

Hous-inn 2

644.8663.4679.9696.2709.8719.3728.1749.1763.7772.6786.5805.6826.1741.9746.1752.1756.5759.8762.6764.9767.6768.7770.8773.6777.0781.2784.2788.1792.6798.4804.1808.0812.0818.4823.1828.5834.5

Householdoperation

Total1

238.0248.2257.2259.8262.9267.6282.3293.0304.0317.3327.1344.3359.9284.9296.8295.3294.9293.9302.2310.5309.3317.6319.1312.3320.1318.5323.4328.5337.9333.5344.7353.7345.4354.0358.8364.4362.6

Elec-tricity

andgas

106.9112.3114.7112.8116.3115.7122.2122.8125.3128.7127.5129.6132.5124.0126.4121.7119.2118.8125.1130.3127.2132.8130.5123.8127.9124.7126.5126.6132.2124.1132.2136.6125.7131.1132.2135.4131.1

Trans-porta-tion

164.6172.8174.6173.4164.7171.1176.6189.0201.0214.2226.3234.2240.9183.8187.4190.7194.2196.7198.8202.5206.0210.2212.7215.3218.5223.3225.0227.9229.1231.6234.4234.6236.1237.7239.9242.4243.7

Medi-cal

care

631.0659.9678.5710.9734.4765.4775.4783.1797.7814.4831.0854.4876.7778.5782.0784.3787.7791.1795.6799.8804.5804.1812.7816.3824.6824.1828.5833.3838.2846.4852.7856.4862.2865.6872.0880.9888.5

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Note.—See Table B-2 for data for total personal consumption expenditures for 1959-86.Source: Department of Commerce, Bureau of Economic Analysis.

325


TABLE B-16.—Private gross fixed investment by type, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995

Privatefixed

invest-ment

74.675.775.282.088.197.2

109.0117.7118.7132.1147.3150.4169.9198.5228.6235.4236.5274.8339.0410.2472.7484.2541.0531.0570.0670.1714.5740.7754.3802.7845.2847.2800.4851.6934.0

1,034.61.110.7

1996 1,212.71997 ! 1.315.419981999" ....1994:1 ....

II ...Ill ..IV ..

1995:1 ....II ...Ill ..IV ..

1996:1 ....II ...Ill ..I V . .

1997:1 ....II ...Ill ..IV ..

1998:1 ....II ...Ill ..IV ..

1999:1 ....II ...Ill ..IV"

1,460.01,577.4

998.11,026.61,042.01,071.61,100.11,097.21,110.11,135.41,165.61,201.71,232.61,250.91,274.11,299.61,338.31,349.41,415.41,454.21,461.71,508.91,543.31,567.81,594.21,604.1

Nonresidential

Totalnon-resi-

rlontialUcnilal

46.549.448.853.156.063.074.885.486.493.4

104.7109.0114.1128.8153.3169.5173.7192.4228.7278.6331.6360.9418.4425.3417.4490.3527.6522.5526.7568.4613.4630.3608.9626.1682.2748.6825.1899.4986.1

1,091.31,166.5

721.7738.2752.7781.8812.5820.3825.2842.3865.1885.4913.6933.7952.7972.7

1,007.71,011.41,065.91,090.81,087.21,121.41,139.91,155.41,181.61,189.1

Structures

Total1

18.119.619.720.821.223.728.331.331.533.637.740.342.747.255.061.261.465.974.691.4

114.9133.9164.6175.0152.7176.0193.3175.8172.1181.6193.4202.5183.4172.2179.4187.5204.6225.0254.1272.8272.6178.0188.2189.9193.9200.5204.8206.2207.0213.4220.0226.3240.3247.6247.8257.8263.1267.4274.0271.7278.0274.7272.5272.1271.1

Non-resi-den-tial

build-ingsin-

cludingfarm

10.612.012.713.713.915.819.521.320.621.124.425.427.130.135.538.335.635.939.949.765.773.786.394.590.5

110.0128.0123.3126.0133.8142.7149.1124.2113.2119.3129.0144.3161.7180.9197.0199.8120.5131.1130.8133.7140.2144.7145.2147.2151.8157.4163.2174.2178.2175.8185.2184.4191.0196.1197.5203.3204.0199.8197.5198.0

Utili-ties

4.95.04.64.65.05.46.17.17.89.29.6

11.111.913.115.016.517.120.021.524.127.530.233.032.528.730.030.631.226.526.629.528.433.736.734.834.035.836.036.539.239.234.033.534.034.535.436.136.235.535.835.535.537.335.536.237.037.238.738.939.240.139.239.139.938.8

Miningexplo-ration,shafts,

andwells

2.52.32.32.52.32.42.42.52.42.62.82.82.73.13.55.27.48.6

11.515.419.027.442.544.830.031.327.915.713.115.714.917.918.514.217.717.417.221.130.030.026.916.816.817.518.717.616.517.017.819.020.721.623.028.230.229.532.231.332.128.828.025.226.028.028.5

Equipment and software

Total1

28.429.829.132.334.839.246.554.054.959.967.068.771.581.798.3

108.2112.4126.4154.1187.2216.7227.0253.8250.3264.7314.3334.3346.8354.7386.8420.0427.8425.4453.9502.8561.1620.5674.4732.1818.5893.9543.7550.0562.8587.9612.0615.5619.0635.3651.7665.4687.3693.4705.2724.9749.9748.3798.4816.8815.4843.4865.2882.9909.5918.1

Information processing equipmentand software

Total

4.04.95.25.76.57.38.5

10.611.211.914.616.717.319.323.026.828.232.438.648.358.669.682.488.9

100.8121.7130.8137.6141.9155.9173.0176.1181.4197.5215.0233.7262.0287.3315.4356.9407.2227.3231.0234.5241.8250.5261.1263.1273.2280.0283.4290.9294.8303.1309.9322.7325.9343.4353.3361.0369.7382.3401.7416.8428.2

Com-puters

and pe-ripheralequip-ment2

0.0.2.3.3.7.9

1.21.71.91.92.42.72.83.53.53.93.64.45.77.6

10.212.517.118.923.931.633.733.435.838.043.138.637.743.647.251.364.670.976.788.598.348.750.351.354.857.764.365.670.770.5

. 69.671.671.773.875.779.078.485.988.689.190.592.396.4

100.8103.7

Soft-ware3

0.0.1.2.2.4.5.7

1.01.21.31.82.32.42.83.23.94.85.25.56.68.7

10.712.915.418.022.125.627.831.436.744.450.256.660.869.475.583.595.1

106.6123.4143.373.975.075.977.178.881.885.088.691.794.096.198.9

102.2105.0108.0111.2115.8120.7126.2131.2135.5140.7145.8151.4

Other

4.04.54.85.15.35.86.67.98.18.6

10.411.612.113.116.319.019.922.827.534.239.846.452.354.658.968.071.576.474.881.285.587.387.193.198.4

106.9113.8121.3132.1144.9165.6104.6105.7107.4110.0114.0115.0112.5113.9117.8119.8123.2124.2127.1129.2135.7136.2141.8144.1145.8148.0154.5164.6170.2173.1

Indus-trial

equip-ment

8.49.38.79.2

10.011.413.616.116.817.218.920.219.421.325.930.531.133.939.247.455.960.465.262.358.467.671.974.876.183.592.791.588.792.4

101.8113.3128.7136.4142.3150.2151.4109.4110.5114.5119.0124.7128.9130.8130.4135.0137.7135.9137.2136.4141.9144.3146.6148.6149.7150.9151.4147.9149.3153.0155.5

Trans-porta-tion

equip-ment

8.38.58.09.89.4

10.613.214.514.317.618.916.218.421.826.626.325.230.039.347.353.648.450.646.853.764.869.771.870.476.171.475.779.586.198.1

117.8126.1138.9150.9176.0198.2114.0112.8116.4127.8134.0122.4121.8126.4129.1134.6146.5145.5146.0150.2156.9150.3174.7177.2164.9187.0193.1193.6204.9201.3

Resi-den-tial

28.126.326.429.032.134.334.232.332.438.742.641.455.869.775.366.062.782.5

110.3131.6141.0123.2122.6105.7152.5179.8186.9218.1227.6234.2231.8216.8191.5225.5251.8286.0285.6313.3329.2368.7410.9276.4288.4289.3289.8287.6276.9284.9293.1300.5316.3319.0317.2321.4326.8330.7338.0349.5363.4374.5387.5403.4412.4412.7415.0

1 Includes other items, not shown separately.2 Includes new computers and peripheral equipment only.3 Excludes software "embedded," or bundled, in computers and other equipment.Source: Department of Commerce, Bureau of Economic Analysis.

326


TABLE B-17.—Real private gross fixed investment by type, 1987-99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1987198819891990199119921993199419951996199719981999*1994:1 ....

II ...Ill ..IV ..

1995:1 ....II ...HI ..IV ..

1996:1 ....II ...Ill ..IV ..

1997:1 ....II ...Ill ..IV ..

1998:1 ....II ...Ill ..IV ..

1999:1 ....II ...Ill ..

Pr iv tfixed

invest-mentmem

856.0887.1911.2894.6832.5886.5958.4

1,045.91,109.21,212.71,316.01,471.81,589.41,014.91,039.91050.91,078.01,101.91,095.01,107.11,132.71,165.21,203.71,231.61,250.21,274.11,300.61,337.91,351.31,424.21,466.71,474.01,522.51,555.91,581.01,607.31,613.5

Presidential

Totalnon-resi-

dential

572.5603.6637.0641.7610.1630.6683.6744.6817.5899.4995.7

1,122.51,215.4

720.0734.1747.2777.1806.4811.4816.7835.5861.6885.6914.3936.2957.9980.8

1,018.01,026.11,088.61,120.21,120.31,160.81,182.71,202.91,234.31,241.9

Structures

Total1

224.3227.1232.7236.1210.1197.3198.9200.5210.1225.0244.0254.1247.3193.2202.9202.3203.8208.1211.0210.9210.4215.9221.3225.4237.3242.0239.5245.9248.6252.1256.4252.1255.7251.9248.5246.1242.8

Non-resi-den-tial

build-ingsin-

cludingfarm

162.6166.5171.4173.6142.7129.2131.7137.2147.6161.7175.3184.6180.2130.2140.7138.5139.6144.5148.3148.1149.4153.4158.3162.4172.4175.1171.4178.5176.1181.7184.9184.2187.4186.6181.2177.2175.9

Utili-ties

34.933.635.433.038.941.838.436.136.836.035.738.038.036.535.736.036.136.937.337.036.036.135.735.536.835.135.436.036.237.637.737.938.738.138.038.537.2

Miningexplo-ration,shafts,

andwells

18.620.418.421.320.817.220.519.818.221.126.425.423.219.319.219.720.819.117.617.918.419.621.021.522.326.226.925.427.126.527.124.223.621.622.624.324.5

Equipment and software

Total1

360.0386.9414.0415.7407.2437.5487.1544.9607.6674.4751.9870.6975.5527.4532.6545.7573.7598.5600.7606.0625.0645.8664.3688.9698.8715.8741.5772.3777.8837.9865.5870.6908.5935.7

UK1,008.7

Information processingequipment and software

Total

105.1116.4131.3136.4142.7163.0183.4206.6242.8287.3339.4418.5510.3198.2202.8208.0217.5227.5239.2245.0259.4271.7281.4293.6302.4316.9330.0350.2360.4388.8409.4427.4448.5470.4501.0526.0543.6

Com-puters

and pe-ripheralequip-ment2

10.311.814.414.215.420.826.432.649.270.999.0

154.2222.029.731.232.836.740.547.050.858.463.167.973.978.585.894.2

105.1110.9131.3146.9160.4178.3193.4212.9233.5248.1

Soft-ware3

27.932.440.145.951.458.766.874.382.095.1

109.4129.2149.272.273.774.976.377.580.183.387.290.793.696.499.8

104.0107.1111.1115.3120.9126.2131.9137.8141.6147.0152.0156.1

Other

78.083.586.887.686.491.596.4

104.9113.1121.3132.7147.1169.8102.3103.4105.4108.6112.8113.9111.9113.8117.8119.7123.3124.3127.6129.9136.2137.1143.1146.3148.3150.9157.8168.4174.7178.5

Indus-trialTrial

equip-ment

99.9104.9112.4105.899.0

100.8109.6119.6131.3136.4141.3148.1148.4116.7117.1120.5124.3129.3131.8132.7131.6135.6138.0135.7136.5135.6141.1143.2145.1147.0147.9148.7148.9145.0146.6150.0151.9

Trans-porta-tion

equip-ment

88.093.684.987.487.792.3

103.4120.4128.2138.9149.6175.3196.7117.4115.0118.2131.1137.3124.7123.3127.5130.2134.7145.8144.9144.9149.1155.0149.6174.2177.0164.2185.8190.8191.6204.0200.6

Resi-den-tial

290.7289.2277.3253.5221.1257.2276.0302.7291.7313.3320.6350.2375.4296.5307.5305.2301.8295.8283.5290.4297.3303.6318.1317.3314.0316.3320.0320.5325.7336.5347.4354.2362.6373.7378.8375.1374.0

1 Includes other items, not shown separately.2 Includes new computers and peripheral equipment only.3 Excludes software "embedded," or bundled, in computers and other equipment.Source: Department of Commerce, Bureau of Economic Analysis.

327


TABLE B-18.—Government consumption expenditures and gross investment by type, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994:1 ....

II ...Ill ..IV ..

1995:1 ....II ...Ill ..IV ..

1996-1II ...Ill ..IV ..

1997:1 ....II ...Ill ..IV ..

1998:1 ....II ...Ill ..IV ..

1999:1 ....II ...Ill ..IV*

Government consumption expenditures and gross investment

Total

112.5113.8121.5132.2138.5145.1153.7174.3195.3212.8224.6237.1251.0270.1287.9322.4361.1384.5415.3455.6503.5569.7631.4684.4735.9800.8878.3942.3997.9

1,036.91,100.21,181.41,235.51,270.51,293.01,327.91,372.01,421.91481 01,529.71,628.71,303.31,316.11,348.11,344.01,360.61,374.91,378.31,374.5140761,423.01,423.41,438.91,455.81,478.61,490.11,499.51,499.01,526.51,538.71,554.81,589.11,605.91,637.21,682.6

Federal

Total

67.465.969.576.978.579.882.194.4

106.8114.0116.1116.4117.6125.6127.8138.2152.1160.6176.0191.9211.6245.3281.8312.8344.4376.4413.4438.7460.4462.6482.6508.4527.4534.5527.3521.1521.5531.6537.8538.7570.8515.8515.9532.5520.0523.4525.5525.0512.3530.6537.2529.1529.4530.2543.0540.9537.1526.1542.2539.7546.7557.4561.6569.8594.6

National defense

Total

56.055.258.162.862.761.862.473.885.892.292.690.989.093.593.999.7

107.9113.2122.6132.0146.7169.6197.8228.3252.5283.5312.4332.2351.2355.9363.2374.9384.5378.5364.9355.1350.6357.0352.5348.6364.7349.4353.9366.9350.4352.2353.9352.7343.6356.1361.3355.6355.0347.0354.9354.5353.6338.9347.9354.7352.9355.8354.3365.4383.4

Con-sump-tion

expend-itures

42.242.844.348.350.150.352.461.471.579.080.178.779.382.382.687.593.497.9

105.8114.2125.3145.3168.9193.6210.6234.9254.9269.3284.8294.6300.5308.9321.1316.9309.2301.1297.5302.4304.5299.9310.9298.1299.7308.7297.8298.2299.3301.2291.2298.4304.1301.4305.6301.7308.2305.0303.0292.4301.2302.5303.4304.6300.8312.1326.1

Grossinvestment

Struc-tures

2.52.22.42.01.61.31.11.31.21.21.51.31.81.82.12.22.32.12.42.52.53.23.24.04.84.96.26.87.77.46.46.14.65.25.15.76.36.75.75.45.35.45.56.16.06.86.05.96.46.77.26.56.45.95.65.75.75.65.05.95.15.45.35.25.3

Equip-mentandamisoft-ware

11.210.111.512.511.010.28.9

11.113.111.911.010.97.99.49.2

10.112.113.214.415.318.921.125.730.837.143.851.356.158.853.956.359.858.856.350.748.346.947.942.343.348.645.948.752.146.547.248.645.646.051.050.047.743.039.441.243.844.940.941.746.344.445.848.248.252.0

Nondefense

Total

11.410.711.314.115.818.019.720.721.021.823.525.528.632.233.938.544.247.453.559.865.075.684.084.592.092.8

101.0106.5109.3106.8119.3133.6142.9156.0162.4165.9170.9174.6185.3190.1206.1166.3162.0165.6169.7171.2171.6172.3168.7174.5175.9173.5174.5183.2188.1186.4183.5187.2194.3185.0193.8201.6207.3204.4211.2

Con-sump-tion

expend-itures

9.88.78.9

11.212.313.915.015.816.918.019.921.724.427.629.032.937.740.145.550.154.763.671.071.777.477.184.189.089.988.299.1

111.0118.1128.8133.4138.6141.8142.9152.5153.6164.1139.5135.6138.5140.9141.0142.0143.3140.6143.4142.9141.5143.8151.0153.4153.1152.6152.6156.3149.0156.5162.4164.4162.9166.7

Grossinvestment

Struc-tures

1.51.71.92.12.32.52.82.82.22.11.92.12.52.73.13.44.14.65.06.16.37.17.76.86.77.07.38.09.06.86.98.09.2

10.311.210.510.811.19.7

11.311.310.39.79.9

11.911.410.711.010.111.212.011.410.010.29.9

10.48.4

10.810.911.711.611.710.811.411.2

Equip-mentanrldllUsoft-ware

0.2.3.6.8

1.21.61.92.11.91.71.71.71.71.81.82.22.42.73.03.74.04.95.36.07.88.79.69.5

10.411.713.414.615.716.917.716.818.420.523.025.230.716.516.717.216.918.818.917.917.919.821.120.520.721.924.722.822.523.727.124.425.727.432.130.133.3

State and local

Total

45.147.952.055.359.965.371.679.988.698.8

108.5120.7133.5144.4160.1184.2209.0223.9239.3263.8291.8324.4349.6371.6391.5424.4464.9503.6537.5574.3617.7673.0708.1736.0765.7806.8850.5890.4943.2991.0

1,057.9787.5800.2815.6824.0837.1849.4853.3862.2872.0885.7894.3909.4925.6935.6949.2962.3972.9984.2999.0

1,008.11,031.81,044.31,067.41,088.0

Con-sump-tion

expend-itures

31.134.037.039.442.446.350.856.863.271.180.292.0

103.4113.8126.9144.5165.4180.1196.5214.3235.0260.5284.6306.8325.1349.5380.5410.8439.0467.9503.0545.8576.1601.6629.5662.6694.7726.5765.9807.5857.3650.0658.6667.6674.2685.0692.6697.3703.8712.5723.0730.6740.0751.0759.1770.5782.8791.5802.7813.8822.2832.4848.4866.5881.8

Grossinvestment

Struc-tures

12.812.713.814.516.017.219.021.023.025.225.625.827.027.129.134.738.138.136.942.849.055.155.454.254.260.567.674.278.884.888.798.5

103.2104.2104.5108.7117.3122.5132.8135.2148.2103.2106.4112.1113.2115.0118.6117.1118.5119.1121.8122.1127.1131.3132.3133.7133.9134.6133.7136.5136.1148.9144.4147.8151.7


1.11.21.31.31.51.81.92.12.32.42.73.03.13.54.14.95.55.75.96.67.88.99.5

10.612.214.416.818.619.621.526.028.728.930.131.735.538.641.344.548.352.434.335.235.936.637.238.238.939.940.541.041.642.343.344.144.945.646.847.848.849.850.551.553.054.5


328


TABLE B—19.—Real government consumption expenditures and gross investment by type, 1987—99[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1987198819891990199119921993199419951996199719981999/-1994:1

II ....Ill ...IV . . .

1995:1II ....Ill ...IV ...

1996:1II ....Ill ...IV...

1997:1II ....Ill ...I V . . .

1998:1II ....Ill ...IV ...

1999:1II ....Ill ...IV*

Government consumption expenditures and gross investment

Total

1,290.91,306.11,341.81,385.51,402.81,410.71,398.11,399.41,405.91,421.91,455.11,480.31,534.61,387.31,389.71,416.81,403.91,406.81,413.51,410.41,393.21,404.41,430.21,422.11,431.01,437.01,457.11,463.31,463.01,459.21,480.71,485.31,495.91,514.61,519.51,536.51,567.7

Federal

Total

597.5586.7594.5606.6604.8595.2571.9551.2536.4531.6530.9526.1541.3550.7545.1563.1546.0544.0544.2540.4517.1529.0540.1529.5527.7523.9536.4534.6528.8515.4530.1527.0532.0531.4534.2539.7

National defense

Total

450.2446.8443.3443.2438.4417.1394.7375.9361.9357.0348.3341.7348.1373.3374.5387.8367.8366.9367.0363.3350.4356.4363.0355.4353.3342.9350.8350.7348.6332.7341.6347.5344.9341.4339.2348.3

560.1 363.7

Con-sump-

tionexpend-itures

373.2376.1372.4369.7369.5350.6336.1320.5308.7302.4299.4291.4293.5320.1319.2328.2314.5312.2312.2311.8298.5300.5305.2300.6303.2296.9303.4300.3297.1285.0293.4293.6293.6289.5284.9294.0305.7

Grossinvestment

Struc-tures

11.210.48.37.75.76.35.76.26.56.75.55.14.85.96.06.56.37.16.26.06.56.77.36.56.35.75.45.55.55.44.85.54.85.04.94.74.8


65.760.762.665.462.960.052.849.246.847.943.245.350.247.449.453.047.047.648.545.545.449.150.648.443.740.141.944.846.142.443.448.646.847.249.950.053.8

Nondefense

Total

146.3138.7150.3162.8165.9178.0177.2175.4174.5174.6182.7184.4193.1177.4170.6175.3178.2177.2177.2177.0166.8172.7177.2174.1174.4181.0185.5183.9180.2182.6188.4179.6187.1189.9194.9191.3196.4

Con-sump-tion

expend-itures

125.1119.0129.4139.8140.9150.1147.7147.9145.6142.9149.6147.3151.3150.4144.0148.0149.3147.0147.9148.4139.1141.9144.1142.0143.6148.6150.6150.2148.9147.6149.8142.9149.1150.8152.1149.8152.4

Grossinvestment

Struc-tures

11.68.68.39.3

10.411.612.411.211.111.19.4

10.610.311.210.410.612.511.911.111.210.311.312.011.49.9

10.09.7

10.18.0

10.310.311.010.810.99.9

10.410.1

Equip-meritandson-ware

10.611.713.214.215.016.517.216.517.920.523.726.732.216.116.316.916.618.318.417.517.419.521.120.620.922.425.423.623.524.928.725.927.528.633.731.834.9

State and local

Total

694.4720.3748.1779.6798.4815.8826.5848.3869.5890.4924.1953.9993.0836.7844.8853.9858.0862.8869.3870.0876.1875.4890.1892.6903.4913.1920.7928.6934.1943.6950.5958.1963.6982.9985.1996.6

1,007.5

Con-sump-

tionexpend-itures

576.1595.6616.5637.4652.9668.4679.9696.9710.9726.5749.8775.1801.1690.7695.2699.1702.6706.6709.3711.7716.1715.2726.8729.3734.9740.4747.2753.0758.7766.2772.8777.8783.7790.4797.3804.9811.7

Grossinvestment

Struc-tures

99.9104.3106.5114.5118.3118.7116.1117.0120.9122.5128.4127.5135.2112.7115.4120.0119.7119.9122.7120.2120.7120.2122.4121.6125.7128.6128.3129.1127.8128.1126.9128.3126.6137.8132.1134.1136.9


20.321.926.028.428.129.431.034.637.841.345.951.857.633.534.335.035.836.437.438.239.340.040.841.842.744.145.346.647.849.651.152.554.055.256.658.660.1

Note.—See Table B-2 for data for total Government consumption expenditures and gross investment for 1959-86.Source-. Department of Commerce, Bureau of Economic Analysis.

329


TABLE B-20.—Private inventories and final sales of domestic business, 1959-99[Billions of dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter.1959I960196119621963196419651966196719681969 . ...1970197119721973 !19741975197619771978197919801981 "19821983 .'1984 ::198519861987198819891990199119921993

1994- 1IIIIIIV

1995:1IIIIIIV

1996:1III I IIV

1997:1III l lIV

1998: I||I I IIV

1999-1||IllIV?

Private inventories1

Total2

121.4125.0128.2135.3137.7143.1157.2173.7184.0197.4215.8222.9240.6266.7322.7382.3387.3419.3462.7546.8644.7710.7754.9752.1769.6845.5856.5839.4901.0968.8

1,016.31,054.51,028.01,052.01,082.81,097.41,114.41,132.41,163.01,196.21,211.71,213.51,222.41,223.01,235.61,247.51,251.51,262.41,279.21,294.41,307.51,321.81,322.41,326.61,334.51,345.71,360.11,386.11,408.0

Farm

30.631.433.034.932.230.835.035.435.038.141.239.646.356.973.464.268.365.171.395.1

112.1112.1103.2109.5104.5108.0106.394.396.699.7

101.6105.794.0

102.499.1

104.799.498.9

102.9104.199.594.496.395.8

104.1107.7103.4106.5107.9109.0107.2108.0100.692.392.499.398.996.795.2

Nonfarm

Total2

90.893.595.2

100.5105.5112.2122.2138.3149.1159.3174.6183.3194.4209.9249.4318.1319.0354.2391.4451.7532.6598.7651.7642.6665.1737.6750.2745.1804.4869.1914.7948.9934.0949.5983.7992.7

1,015.01,033.41,060.01,092.11,112.21,119.11,126.11,127.21,131.51,139.81,148.11,155.91,171.31,185.31,200.31,213.71,221.81,234.31,242.11,246.41,261.31,289.41,312.8

Manu-facturing

47.748.750.153.255.158.663.473.079.985.192.695.596.6

102.1121.5162.6162.2178.7193.2219.8261.8293.4313.1304.6308.9344.5333.3320.6339.6372.4390.5404.5384.1377.6380.1383.4389.3395.1404.3417.0422.9425.1424.5424.9423.3425.9428.9432.8437.8441.4445.4448.7452.0453.9450.5448.2451.1458.3463.8

Whole-sale

trade

16.516.917.318.019.520.822.525.828.129.332.536.439.443.151.766.966.574.184.099.0

119.5139.4148.8147.9153.4169.1175.9182.0195.8213.9222.8236.8239.2248.3258.6259.3265.3272.0281.5290.9297.4301.1303.7305.4306.2305.3305.2310.0317.3322.0326.7330.6332.0338.1341.8340.9345.1355.6361.9

Retailtrade

20.521.921.322.723.925.228.030.630.934.237.538.544.749.858.463.964.473.080.994.1

104.7111.7123.2123.2137.6157.0171.4176.2199.1213.2231.4236.6240.2249.4268.6272.3281.7287.3293.6301.5308.1310.0312.2309.2313.8320.3322.0321.7323.0326.4331.2336.4335.9339.4344.0347.3351.1358.1368.9

Other

6.16.16.66.67.17.78.38.9

10.110.612.012.913.714.817.724.725.9

li38.846.654.166.666.865.266.969.566.369.969.570.171.070.574.376.577.778.779.080.682.783.782.985.687.888.188.392.191.593.395.597.098.0

101.9103.0105.7109.9113.9117.3118.3

Finalsales ofdomestic

busi-ness3

36.537.739.541.944.547.552.555.759.265.169.473.179.688.797.8

105.8118.5130.3145.6168.3187.3205.8223.0234.2257.2279.2300.2318.5336.5366.0388.5406.2417.5446.6470.0474.3481.0489.3496.8503.1508.4517.1523.7531.8541.7545.5556.3565.5572.4583.1588.5598.0607.7613.2624.7634.8642.6651.8663.1

Ratio of privateinventories

to final sales ofdomestic business

Total

3.333.313.243.233.093.012.993.123.113.033.113.053.023.013.303.613.273.223.183.253.443.453.393.212.993.032.852.642.682.652.622.602.462.362.302.312.322.312.342.382.382.352.332.302.282.292.252.232.232.222.222.212.182.162.142.122.122.132.12

Nonfarm

2.492.482.412.402.372.362.332.482.522.452.522.512.442.372.553.012.692.722.692.682.842.912.922.742.592.642.502.342.392.372.352.342.242.132.092.092.112.112.132.172.192.162.152.122.092.092.062.042.052.032.042.032.012.011.991.961.961.981.98

1 Inventories at end of quarter. Quarter-to-quarter change calculated from this table is not the current-dollar change in private inventoriescomponent of GOP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices. The lat-ter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from thistable are at quarterly rates, whereas change in private inventories is stated at annual rates.

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

holds and institutions and of general government and includes a small amount of final sales by farms.Note.—The industry classification of inventories is on an establishment basis. Estimates for nonfarm industries other than manufacturing

and trade for 1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 andearlier periods and trade estimates for 1966 and earlier periods are based on the 1972 SIC; later estimates for these industries are based onthe 1987 SIC. The resulting discontinuities are small.


330


TABLE B—21.—Real private inventories ami final sales of domestic business, 1987-99[Billions of chained (1996) dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter:1987198819891990199119921993

1994:1III I IIV

1995- 1||HiIV

1996:1||IIIIV

1997-1||HIIV

1998-1IIIIIIV

1999: 1IIIlliv* :::.::...:.::::.::

Private inventories1

Total2

1,024.11,042.51,072.11,088.61,087.61,104.71,124.61,136.61,158.01,172.11,191.51,207.01,215.11,217.41,221.91,223.31,230.81,243.61,251.91,264.71,288.01,302.81,321.01,347.81,358.61,377.61,395.31,407.81,411.31,420.81,437.1

Farm

110.796.596.699.296.9

103.195.299.3

103.9107.1108.1106.7103.097.295.995.898.7

102.9103.7102.5104.3105.9106.7107.5104.9104.4107.6109.4109.7108.7106.9

Nonfarm

Total2

911.7945.4975.2989.0990.4

1,001.11,029.81,037.31,054.01,065.01,083.31,100.31,112.11,120.11,126.01,127.51132.11,140.71,148.11,162.31,183.71,196.81,214.31,240.21,253.51,272.91,287.41,298.21,301.41,311.71,329.6

Manu-facturing

361.6378.5392.7401.6394.9390.1393.7396.4399.5402.1405.8411.1415.0418.1419.9424.2423.3426.8430.0435.7443.1447.4452.1461.6468.6474.2477.2477.2475.1475.5478.1

Whole-sale

trade

228.6238.5243.2252.2257.3266.2273.1273.2278.0282.7290.2295.5299.3302.7304.5305.4306.7305.2307.7313.7322.5

339.2342.7351.2355.4357.8360.6366.9371.1

Retailtrade

239.7247.4261.9260.2260.8265.4280.8284.8292.3296.1301.4307.0311.4312.7313.6309.9313.8319.6321.0320.3323.0326.5331.7337.0336.2339.0342.9347.2348.7352.2361.9

Other

81.680.476.873.876.879.181.982.884.284.085.986.786.486.588.087.988.388.989.592.595.196.798.4

102.4106.2108.9112.3116.2117.2117.2118.4

Finalsales ofdomestic

busi-ness3

421.1441.4452.7455.6457.5480.5492.8495.5500.5505.9511.5514.5517.8524.4529.3535.0542.6544.4553.4559.4563.9572.9576.9585.0593.3597.0607.4615.0620.7628.3636.1

Ratio of privateinventories

to final sales ofdomestic business

Total

2.432.362.372.392.38

i*2.292.312.322.332.352.352.322.312.292.272.282.262.262.282.272.292.302.292.312.302.292.272.262.26

Nonfarm

2.162.142.152.172.162.082.092.092.112.112.122.142.152.142.132.112.092.102.072.082.102.692.102.122.112.132.122.112.102.092.09

1 Inventories at end of Quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the change in privateinventories component of GDP is stated at annual rates.2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product of house-holds and institutions and of general government and includes a small amount of final sales by farms.

Note.—The industry classification of inventories is on an establishment basis. Estimates for nonfarm industries other than manufacturingand trade for 1986 and earlier periods are based on the 1972 Standard Industrial Classification (SIC). Manufacturing estimates for 1981 andearlier periods and trade estimates for 1966 and earlier periods are based on the 1972 SIC; later estimates for these industries are based onthe 1987 SIC. The resulting discontinuities are small.

See Survey of Current Business, Table 5.13, for detailed information on calculation of the chained (1996) dollar inventory series.Source: Department of Commerce, Bureau of Economic Analysis.

331


TABLE B-22.—Foreign transactions in the national income and product accounts, 1959-99

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

Year orquarter

1959

196019611962 ..1963196419651966196719681969 1..::.:::1970197119721973 . .197419751976 . .197719781979

1980198119821983198419851986 . ..19871988 .. ..1989

1990199119921993199419951996199719981999*

1994:1||II IIV

1995:1III l lIV

1996:1III l lIV

1997:1I Ii l lIV

1998:1IIIl lIV

1999:1I IIllIVp

Receipts from rest of the world

Total

25.0

30.231.433.536.141.043.547.250.255.661.2

69973.482.6

115.6154.6164.4181.7196.6233.5299.1

360.7398.4385.0379.5426.0416.1431.4488.5598.7686.2

745.5769.3787.8812.5909.3

1,050.81,119.71,250.61,251.6

847.8889.7927.2972.6

1,011.91,037.01,065.71,088.7

1,092.41,102.41,111.21,172.9

1,198.51,250.21,279.41,274.3

1,265.41,253.01,225.51,262.7

1,250.71,274.31,316.2

Exports of goods andservices

Total

20.6

25.326.027.429.433.635.438.941.445.349.3

57059.366.291.8

124.3136.3148.9158.8186.1228.7

278.9302.8282.6277.0303.1303.0320.3365.6446.9509.0

557.2601.6636.8658.0725.1818.6874.2968.0966.3996.3

683.8714.5736.1765.8

787.7802.5834.1850.0

853.3864.7865.6913.1

929.6965.3988.6988.6

974.3960.1949.1981.8

966.9978.2

1,008.51,031.5

Goods1

16.5

20.520.921.723.326.727.830.732.235.338.3

44 S45.651.873.9

101.0109.6117.8123.7145.4184.0

225.8239.1215.0207.3225.6222.2226.0257.5325.8371.7

398.5426.4448.7459.7509.6583.8618.4689.0681.3697.5

475.8499.5518.8544.3

563.6574.3593.0604.4

607.8611.4615.4639.0

659.4685.7704.8706.0

692.8671.8667.2693.3

674.3680.5708.8726.5

Serv-ices1

4.2

4.85.15.76.16.97.68.29.2

10.011.012413.814.417.823.326.731.135.140.744.7

53.263.767.669.777.580.894.3

108.1121.1137.3

158.6175.2188.1198.3215.5234.7255.8279.0285.1298.8

208.0215.0217.3221.5

224.1228.2241.1245.6

245.5253.3250.1274.0

270.2279.6283.8282.6

281.5288.2281.9288.6

292.6297.7299.7305.0

In-comere-

ceipts

4.3

5.05.46.16.67.48.18.38.9

10.311.9

13014.116.423.830.328.232.937.947.470.4

81.895.6

102.4102.5122.9113.1111.1122.9151.8177.2

188.3167.7151.1154.4184.3232.3245.6282.6285.3

164.0175.2191.1206.8

224.2234.5231.6238.7

239.1237.7245.6259.8

268.9284.9290.9285.7

291.1292.9276.4280.8

283.8296.1307.7

Payments to rest of the world

Total

25.0

30.231.433.536.141.043.547.250.255.661.2

69973.482.6

115.6154.6164.4181.7196.6233.5299.1

360.7398.4385.0379.5426.0416.1431.4488.5598.7686.2

745.5769.3787.8812.5909.3

1,050.81,119.71,250.61,251.6

847.8889.7927.2972.6

1,011.91,037.01,065.71,088.7

1,092.41,102.41,111.21,172.9

1,198.51,250.21,279.41,274.3

1,265.41,253.01,225.51,262.7

1,250.71,274.31,316.2

Imports of goods andservices

Total

22.3

22.822.725.026.128.131.537.139.946.650.5

55862.374.291.2

127.5122.7151.1182.4212.3252.7

293.8317.8303.2328.6405.1417.2452.2507.9553.2589.7

628.6622.3664.6718.5812.1902.8963.1

1,056.31,115.91,253.1

755.1798.7835.2859.6

882.2911.5908.3909.3

929.1954.5976.1992.8

1,017.31,042.81,079.21,086.0

1,091.71,114.01,114.81,143.1

1,168.51,224.01,286.613333

Goods1

15.3

15.215.116.917.719.422.226.327.833.936.8

40946.656.971.8

104.599.0

124.6152.6177.4212.8

248.6267.8250.5272.7336.3343.3370.0414.8452.1484.5

508.0500.7544.9592.8676.7757.6808.3885.1930.4

1,048.9

622.0664.6698.2722.0

740.4766.9761.9761.5

778.6801.9818.6834.3

852.3874.1904.3909.7

912.8928.9927.2952.6

974.31,022.31,079.311199

Serv-ices1

7.0

7.67.68.18.48.79.3

10.712.212.613.7

14.915.817.319.322.923.726.529.834.839.9

45.349.952.656.068.873.982.293.1

101.1105.2

120.6121.6119.8125.7135.4145.2154.8171.2185.5204.2

133.0134.1137.0137.6

141.8144.6146.4147.8

150.5152.6157.5158.5

165.0168.7174.9176.3

178.9185.1187.7190.4

194.2201.7207.47134

In-comepay-

ments

1.5

1.81.81.82.12.42.73.13.44.15.8

6.66.47.7

11.114.614.915.717.225.337.5

46.560.965.965.687.687.895.6

109.2133.4156.8

159.3143.0127.6130.1167.5211.9227.5278.4295.2

143.3158.5176.0191.9

202.8209.2220.4215.3

212.3220.0234.1243.5

263.7275.4288.9285.5

288.0292.9302.0297.9

298.2310.4323.2

Transfer payments(net)

Total

2.4

2.42.72.82.83.03.03.23.43.23.2

3.64.14.34.65.45.46.06.06.47.5

9.013.416.117.220.322.124.223.425.426.3

26.8-11.0

34.236.838.034.039.839.642.044.7

32.034.037.548.4

34.332.333.735.7

41.734.635.447.6

34.835.838.149.8

37.937.441.351.6

39.743.642.75? 8

Frompersons

(net)

0.5

.5

!5.7.7.8.8

1.01.01.1

131.31.41.51.31.31.31.31.51.6

1.85.56.56.87.78.19.09.9

10.611.4

12.013.012.514.415.616.518.220.622.324.4

15.315.515.715.9

15.915.616.418.0

17.418.018.219.3

19.619.821.521.7

21.121.822.923.3

23.524.624.5?S1

Fromgovern-

ment(net)

1.8

1.82.12.12.12.12.02.22.11.91.8

1.92.32.52.43.13.43.63.33.63.9

4.84.86.17.09.1

11.112.110.210.310.4

10.0-29.0

16.216.715.39.8

13.610.010.410.5

10.211.814.624.7

10.59.39.5

10.0

16.88.69.0

19.9

6.77.17.4

18.8

7.66.29.1

18.7

6.89.28.5

17.6

Frombusi-ness

0.1

.1

.1

'.2.2.2

.3

.4

.4

.5

LO.7

1.11.41.42.0

2.43.23.43.43.52.93.23.44.54.6

4.85.05.55.77.17.78.09.09.39.8

6.56.87.27.8

7.97.47.87.7

7.58.18.28.4

8.58.99.29.3

9.19.39.39.6

9.59.89.8

101

Netforeigninvest-ment

-1.2

3.24.33.95.07.56.23.93.51.71.8

4.0.6

-3.68.77.1

21.48.9

-9.0-10.4

1.4

11.46.3-.2

-32.0-87.0

-110.9-140.6-152.0-113.2-86.7

-69.214.9

-38.7-72.9

-108.3-98.0

-110.7-123.7-201.5

-82.6-101.6-121.6-127.3

-107.5-116.1-96.7-71.6

-90.7-106.7-134.5-111.0

-117.3-103.7-126.7-146.9

-152.1-191.4-232.6-229.9

-255.7-303.7-336.3

1 Certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with1986, repairs and alterations of equipment were reclassified from goods to services.


332


TABLE B-23.—Real exports and imports of goods and services and receipts and payments of income,1987-99

[Billions of chained (1996) dollars; quarterly data at seasonally adjusted annual rates]

Year or quarter

198719881989

1990199119921993199419951996199719981999*

1994:1I II I IIV

1995-.IIII I IIV

1996- 1||IllIV

1997-1||Il lIV .

1998-1I II l lIV

1999:1||II IIV*

Exports of goods and services

Total

406.64722527.6

573.6612.6652.1671.9731.8807.4874.2985.4

1,007.11,042.5

695.7724.0741.4766.2

779.7788.1821.2840.8

845.6859.8867.1924.2

943.9979.9

1,006.81,011.2

1,007.3997.2993.0

1,030.8

1,016.41,026.41,054.81.072.4

Goods i

Total

271.43226363.2

393.2421.1449.8463.4508.2568.8618.4708.1722.8750.3

478.0500.0516.8538.0

549.8556.5576.7592.0

599.2605.5617.2651.7

674.0702.9724.7731.0

725.9709.3712.0744.2

726.4734.1763.3777.4

Dura-ble

goods

154.71919221.3

243.0261.6280.8295.2330.5378.0421.7498.3513.5535.5

310.7327.0335.3348.9

360.9368.9385.1397.2

403.0413.3423.9446.6

469.2494.8515.0514.3

515.6501.8507.5529.3

518.2522.8548.2552.9

Non-dura-

blegoods

123.01356146.3

154.0163.3172.7170.6178.9191.0196.7209.9209.3214.7

168.5173.8182.8190.4

189.6187.9191.7194.8

196.2192.2193.3205.2

204.8208.1209.8216.7

210.3207.5204.4214.9

208.1211.2214.9224.4

Serv-ices i

137.51505164.7

181.2192.2202.8209.0224.0238.8255.8277.5284.4292.6

218.3224.5224.9228.4

229.9231.7244.6248.9

246.4254.3249.9272.4

269.9277.1282.3280.5

281.7287.7281.1287.0

289.9292.2292.2295.9

In-comere-

ceipts

161.61926215.7

219.2188.4165.1164.6191.9236.5245.6278.1279.2

172.6183.2198.3213.4

230.0239.2235.3241.3

240.5238.4245.3258.1

265.6280.9285.9280.1

285.5286.9270.32740

276.02866296.5

Imports of goods and services

Total

564.25856608.8

632.2629.0670.8731.8819.4886.6963.1

1,095.21,222.21,367.0

776.8811.3834.6854.8

873.1886.4889.1897.8

921.1950.4982.9998.1

1,034.71,080.81,125.51,139.9

1,179.01,215.61,231.012631

1,300.913454l',393.01.428.6

Goods1

Total

445.8463.9483.4

497.9497.6543.7598.4677.9739.1808.3923.2

1,031.61,162.7

636.1669.5692.8713.3

725.5740.3742.1748.4

769.7797.4825.6840.7

869.8912.6949.1961.2

993.21,025.51,037.910697

1,102.0114251,188.91.217.4

Dura-ble

goods

267.92791291.2

299.2300.9331.9370.9432.2481.7533.3619.8700.2803.4

400.3424.8440.1463.5

472.2481.6481.1492.0

508.0524.4544.8556.0

584.5611.2635.9647.7

673.1693.3700.7733.7

753.6787.4825.3847.2

Non-dura-

blegoods

181.51885195.9

202.7200.5215.5230.8247.4257.8275.1303.5331.6359.5

238.2246.6254.6250.4

253.7259.2261.7256.5

261.7273.1280.8284.7

285.5301.5313.3313.6

320.4332.5337.5336.0

348.5355.0363.8370.6

Serv-ices1

120.2123.4126.9

136.6133.4128.0134.0141.9147.7154.8172.1190.7205.2

141.4142.3142.1141.6

147.9146.2147.1149.4

151.5153.0157.3157.3

164.9168.3176.4178.7

185.8190.1193.1193.8

199.4203.7205.5212.4

In-comepay-

ments

142.3168.1189.7

184.6160.7140.4138.5174.2215.5227.5274.4289.6

151.1166.0182.3197.5

207.7213.1223.6217.5

213.3220.6233.9242.2

261.0271.7284.5280.3

283.4287.7295.8291.3

290.7301.1311.8

1 Certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services. Beginning with1986, repairs and alterations of equipment were reclassified from goods to services.

Note.—See Table B-2 for data for total exports of goods and services and total imports of goods and services for 1959-86.Source: Department of Commerce, Bureau of Economic Analysis.

333


TABLE B—24.—Relation of gross domestic product, gross national product, net national product, and

national income, 1959-99[Billions of dollars,- quarterly data at seasonally adjusted annual rates]

Year orquarter

19591960196119621963 ... .196419651966 ZZ.19671968196919701971197219731974197519761977197819791980 .. .198119821983198419851986198719881989199019911992 . .1993199419951996199719981999"1994:1

IIIllIV

1995:1

III"'.!"!!IV

1996:1IIIllIV

1997:1IIIllIV

1998:1IIIllIV

1999:1IIIllIV* ....


507.4527.4545.7586.5618.7664.4720.1789.3834.1911.5985.3

1,039.71,128.61,240.41,385.51,501.01,635.21,823.92,031.42,295.92,566.42,795.63,131.33,259.23,534.93,932.74,213.04452.94,742.55,108.35,489.15,803.25,986.26,318.96,642.37,054.37,400.57,813.28,300.88,759.99,248.46,887.87,015.77,096.07,217.77,297.57,342.67,432.87,529.37,629.67,782.77,859.07,981.48,125.98,259.58,364.58,453.08,610.68,683.78,797.98,947.69,072.79,146.29,297.89,477.1

PIUS:Incomereceipts

fromrest of

theworld

4.35.05.46.16.67.48.18.38.9

10.311.913.014.116.423.830.328.232.937.947.470.481.895.6

102.4102.5122.9113.1111.1122.9151.8177.2188.3167.7151.1154.4184.3232.3245.6282.6285.3

164.0175.2191.1206.8224.2234.5231.6238.7239.1237.7245.6259.8268.9284.9290.9285.7291.1292.9276.4280.8283.8296.1307.7

Less:Income

pay-ments

torest of

theworld

1.51.81.81.82.12.42.73.13.44.15.86.66.47.7

11.114.614.915.717.225.337.546.560.965.965.687.687.895.6

109.2133.4156.8159.3143.0127.6130.1167.5211.9227.5278.4295.2

143.3158.5176.0191.9202.8209.2220.4215.3212.3220.0234.1243.5263.7275.4288.9285.5288.0292.9302.0297.9298.2310.4323.2

Equals:Gross

nationalproduct

510.3530.6549.3590.7623.2669.4725.5794.5839.5917.6991.5

1,046.11,136.21,249.11,398.21,516.71,648.41,841.02,052.12,318.02i599.32,830.83,166.13,295.73,571.83,968.14,238.44,468.34,756.25,126.85,509.45,832.26,010.96,342.36,666.77,071.17,420.97,831.28,305.08,750.0

6,908.57,032.47,111.17,232.67,318.97,367.97,444.17,552.77,656.57,800.37,870.57,997.78,131.18,269.18,366.58,453.38,613.78,683.78,772.28,930.59,058.29,131.99,282.3

Less-. Consumption offixed capital

Total

54.857.058.661.063.766.770.976.783.391.1

100.0109.4119.3131.3143.3165.3191.4209.4232.0261.9301.0346.1395.8437.5457.2483.5517.7552.9587.4628.9678.7712.5749.1788.7813.6875.7912.2956.4

1,009.71,066.91,141.2

916.4849.4862.1874.8890.2904.7916.3937.7937.9948.3962.8976.6989.1

1,002.11,016.61,031.01,042.01,056.51,075.21,094.01,108.81,126.31,160.91,168.8

Private

40.241.842.844.446.048.551.856.561.667.674.882.290.199.8

109.6127.3149.6165.0184.8211.1245.5283.4324.8358.5373.8394.7423.7452.0479.6513.8555.5580.7609.1643.4660.9715.3744.1782.1829.2880.8945.3758.0690.3701.3711.7724.8737.3747.4766.9765.6775.0787.8800.1

88835.6848.0858.2871.7888.3904.8916.7931.8963.7968.8

Govern-ment

14.615.215.716.717.618.319.120.221.723.425.227.329.231.533.837.941.844.447.250.855.562.771.079.0

94!0100.8107.8115.0123.2131.8140.0145.3152.6160.3168.1174.3180.5186.2195.9158.4159.1160.8163.1165.5167.3168.9170.8172.3173.3175.0176.4178.2179.9181.0183.0183.8184.8186.9189.1192.0194.5197.2200.0

Equals:Netna-

tionalproduct

455.5473.6490.7529.7559.6602.7654.6717.8756.3826.5891.5936.7

1,017.01,117.81,254.91,351.51,457.01,631.61,820.12,056.1

2,484.82,770.22,858.13,114.63,484.63,720.73,915.54,168.84,497.94,830.85,119.75,261.85,553.75,853.16,195.56,508.66,874.97,295.37,683.1

5,992.16,183.06,249.06,357.86,428.66,463.26,527.86,614.96,718.66,852.06,907.77,021.17,142.07,267.07,349.97,422.37,571.77,627.17,697.17,836.57,949.58005.68,121.4

Less:

Indirectbusi-ness

tax andnontaxliability

41.945.548.151.754.758.862.765.470.479.086.694.3

103.6111.4121.0129.3140.0151.6165.5177.8188.7212.0249.3256.7280.3309.1329.4346.8369.3392.6420.7447.3482.3510.6540.1575.3594.6620.0645.8677.0715.6565.3572.2578.7584.9589.3594.1593.6601.3606.8613.2615.7644.3632.5643.0652.0655.4663.5670.1676.6697.8696.6706.7718.3740.6

Busi-ness

trans-fer

pay-ments

1.41.41.51.61.82.02.22.32.52.83.13.2

ft4.5

86.57.38.29.9

11.213.415.216.218.620.723.824.225.325.826.125.928.127.830.833.534.436.938.139.429.530.331.232.133.033.133.934.033.634.334.635.235.936.737.337.737.638.038.238.638.839.339.540.0

Statis-ticaldis-

crepan-cy

0.8-.6-.2

.7-.41.21.96.44.84.32.96.9

11.38.78.0

10.017.724.521.621.035.733.927.5

2.547.018.611.743.93.3

-42.216.330.619.643.763.858.526.532.8-3.2

-47.6

52.781.354.645.353.724.93.1

24.434.449.625.122.320.923.9

-17.5-40.0

1.4-41.5-87.9-62.4-99.4

-135.5-141.2

PIUS:Sub-sidies

less cur-rent sur-plus ofgovern-

mententer-prises

0.1

1.21.4.9

1.41.73.02.93.03.54.84.96.15.64.27.76.99.7

10.611.014.516.118.124.322.920.423.630.127.422.625.321.522.429.625.222.222.619.020.826.427.625.123.624.321.822.022.522.523.322.922.022.220.918.516.819.918.017.116.931.421.027.917.339.4

Equals:Nationalincome

411.5427.5442.5477.1504.3542.0589.5646.6681.5743.4802.4837.1903.5

1,000.01,127.01,211.51,301.81,455.91,635.41,859.82,075.02,242.12,496.12,601.92,795.43,161.23,379.23,524.53,802.04,149.64,390.64,640.94,755.54,993.75,251.15,556.15,876.26,210.26,634.97,036.4

5,372.15,524.35,608.25,719.75,774.45,833.15,919.65,977.86,067.16,177.86,254.26,341.66,473.66,581.96,694.96,789.16,887.26,977.67,087.17,193.87,334.57,423.17,522.1


334


TABLE B-25.—Relation of national income and personal income, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year or quarter

1959 .1960 .196119621963 .196419651966 .19671968 .1969197019711972 .. . .197319741975 .19761977 .19781979198019811982 ..1983198419851986198719881989199019911992 . . . . . . . .199319941995 ;1996199719981999*1994- 1

IIIllIV

1995:1III I IIV

1996: 1III l lIV

1997:1III l lIV .

1998:1 ..III l lIV

1999:1||IIIIV*

Nationalincome

41154275442.547715043542.0589.56466681.57434802.4837.19035

100001,127.0121151*301 81*455.916354l'859.82,075.02,242.1249612'601 92,795.4316123'379.2352453*802.0414964*390.64,640.9475554'993 75,251.15,556.15,876.26,210.2663497*036.4

537215*524.35,608.25719757744583315*919.65,977.8606716*177.86,254.26,341.6647366*581.96,694.967891688726,977.6708717'l93.87,334.5742317*522.1

Corporateprofitswith

inventoryvaluation

andcapital

consump-tion

adjust-ments

53752353.461567674.785.991889.496393.481.3948

109.4123.511401325160.11905216.8221.9197.72180200.2253.0308732132995345340353942407.443024519509.7572.5668375198379846.1

4976568.3597.9626062946549692.4696.473727489754.8774.58036831.6862.885358583847.984388343882.087558792

L

Netinterest

9710.712.414115217.319.722625.427232.238.442646.253.968876680.8957

1145144.2183.922652563267.230963267343636153894443.1452.44298399.5374.3380.5

386 34125435.7

3646369.6385.4402539683928386.7383.037823855388.1393.340234118414.642124233434.644404408446.345644763

ess:

Contribu-tionsfor

socialinsurance

13816417019121722.423.431334.938744.146.451259275.5852893

101.311311313152.7166.2195720892260257528143034323136153852410.143024550477.8508.45332555.85882621.9658149825062510.95185525653045359540.954475529559.5566.157665834591.260156103617662616338647265386623669.0

Wageaccruals.less

disburse-ments

r oo0.000.0.00.00.0.06.0

_51.113

.010

2-2o

0oo.1

_1-158

6.417.61643.6

-413.5o

5644 74.747

16416416416.436363.63.6

-41-41-4.1-41

353.53535

ooo.0

Personalinterestincome

23.025.627.330233.036.940.845349.454162.371.577584.297.6

11611280140.51619191.3233.5286.435274016431.6505354645792609765057365772.477187501725.5742.4792581068549897.893067144727.1750.2778078487919794.7798.779728059814.6824.68357850.6859.787368801895.390939064907492059388955.6

P

Personaldividendincome

12.613.413.915016218.220.220721.523524.224.325026.829.933232939.044750757.464.073676183.5908975

1061112112941548165.417831853203.0234.7254029743334348.336432198229.5240.3249224842508251.8264.82859290.4302.4310.93203330.2338.534443461347.034803519356136123670373.1

US:

Govern-ment

transferpayments

topersons

22.924.428.128830.331.333.937.545.453.058.871.685294.6

108.11284163.0176.91887202.5226.4270.23070342.3369.437834031428444784761519.2573.16491729.2776.5810.18601902.49345954.8988.68011805.2811.5822884548563865.0873.78926900.0905.5911.59290932.9936.893939482951.495779620978.59841991.6

1.000.3

Businesstransfer

paymentsto

persons

1.31.31.4151.71.82.0212.3252.82.8303.43.840455.559687.98.8

10211.812.815117820720820821121.320822.522.123.725826.427928.829.623123.624.024425125726126.326126226.526.827427828.128428528.728829029329529729.9

Equals:

Personalincome

394.0412.7430.34579481.0515.8557.4606.4650.4714.5780.8841.19051994.3

1,113.4122561*331.71,475.4163711*848.32,081.52,323.9259942J68.42,946.9327483*515'0371243*962'54*272 1459984,903.2508545*39045,610.05,888.0620096,547 4695117,358.97*791 2571375*860.85,935.360424610996*16336*225.96,304.6640516*509 46,597.16,677.9680766*900.66,993.571027719477*296.3741367*530 876302773267*831 47.970.6

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

335


TABLE B-26.—National income by type of income, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994:1

II ....Ill ...IV ...

1995:1II ....Ill ...IV. . .

1996:1II ....Ill ...IV. . .

1997:1II ....Ill ...IV ...

1998:1II ....Ill ...IV ...

1999:1II ....Ill ...IV/>

Nationalincome J

411.5427.5442.5477.1504.3542.0589.5646.6681.5743.4802.4837.1903.5

1,000.01,127.01,211.51,301.81,455.91,635.41,859.82,075.02,242.12,496.12,601.92,795.43,161.23,379.23,524.53,802.04,149.64,390.64,640.94,755.54,993.75,251.15,556.15,876.26,210.26,634.97,036.4

5,372.15,524.35,608.25,719.75,774.45,833.15,919.65,977.86,067.16,177.86,254.26,341.66,473.66,581.96,694.96,789.16,887.26,977.67,087.17,193.87,334.57,423.17,522.1

Compensation of employees

Total

281.0296.4305.3327.2345.3370.7399.5442.6475.2524.3577.6617.2658.8725.1811.2890.2949.0

1,059.31,180.41,336.01,500.81,651.71,825.71,926.02,042.72,255.92,425.22,570.72,755.62,973.83,151.03,351.03,454.93,644.83,814.44,016.24,202.54,395.64,675.75,011.25,332.03,943.53,994.94,032.84,093.64,142.74,178.84,224.34,264.14,297.44,367.84,427.84,489.44,566.14,631.34,705.24,800.34,889.44,967.05,053.65,134.75,217.75,287.15,373.65,449.7

Wage and salary accruals

Total

259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5584.5638.7708.6772.2814.7899.6994.0

1,121.01,255.61,377.41,517.31,593.41,684.31,854.81,995.22,114.42,270.22,452.72,596.82,754.62,824.22,966.83,091.63,254.33,441.13,630.13,884.74,189.54,472.73,190.23,233.43,267.73,325.93,379.63,417.23,463.63,503.83,537.43,604.63,660.93,717.63,785.33,844.33,911.33,997.94,079.64,149.74,227.94,300.84,371.54,432.64,509.44,577.2

Gov-ern-ment

46.049.252.456.360.064.969.978.386.496.6

105.5117.1126.7137.8148.7160.4176.1188.7202.4219.8236.9261.2285.6307.3324.5347.8373.5396.6422.2450.9479.7516.8545.6567.7584.9603.9622.7641.0664.4692.8726.4597.4603.7605.3609.2618.8620.9623.9627.3634.3639.3643.1647.3656.6661.0667.1673.1682.6689.3696.7702.8715.8721.3730.3738.2

Other

213.8223.7228.0243.0254.8272.9293.8321.9342.5375.3412.7434.3457.8500.9560.0611.8638.6710.8791.6901.2

1,018.71,116.21,231.71,286.11,359.81,507.01,621.71,717.81,848.02,001.82,117.12,237.92,278.62,399.12,506.82,650.42,818.42,989.13,220.33,496.73,746.32,592.82,629.72,662.42,716.82,760.82,796.42,839.72,876.52,903.12,965.33,017.83,070.33,128.73,183.33,244.23,324.93,397.13,460.43,531.23,598.03,655.73,711.33,779.13,839.0

Supplements to wages andsalaries

Total

21.223.624.827.930.433.035.842.446.252.459.465.774.486.5

102.6118.0134.4159.7186.4215.0245.2274.3308.5332.6358.5401.1430.0456.3485.4521.1554.2596.4630.7677.9722.8761.9761.4765.4791.0821.7859.4753.3761.5765.1767.7763.1761.6760.7760.2760.0763.2766.8771.8780.8787.0793.9802.4809.8817.3825.7833.9846.2854.5864.2872.5

Em-ployercon-

tribu-tions for

socialinsur-ance

7.99.39.6

11.212.412.613.116.818.020.022.823.826.431.239.844.746.754.461.171.582.688.9

103.6109.8119.9139.0147.7157.9166.3184.6193.7206.5215.1228.4240.0254.4264.5275.4290.1306.0323.5249.4253.4255.5259.2260.9263.1265.7268.2270.0274.0277.2280.4284.6287.8291.5296.6300.3303.8308.1311.8318.3321.5325.7328.7

Otherlabor

income

13.414.415.216.718.020.322.725.528.232.536.641.948.055.362.873.387.6

105.3125.3143.4162.6185.4204.8222.8238.6262.1282.3298.4319.1336.5360.5390.0415.6449.5482.8507.5497.0490.0500.9515.7535.8503.9508.1509.5508.4502.2498.5495.0492.1490.0489.1489.6491.4496.2499.1502.4505.8509.5513.5517.7522.1528.0533.0538.5543.8

Proprietors' income with inventory valuationu uap idi u)iiduiii|Jiiuti dujuMHie no

Total

51.851.954.456.557.860.665.269.671.175.478.979.886.197.7

115.2115.5121.6134.3148.3170.1183.7177.6186.2179.9195.5247.5267.0278.6303.9338.8361.8381.0384.2434.3461.8476.6497.7544.7578.6606.1658.0468.4479.5475.8482.5488.6491.4499.7511.1525.9546.6553.5553.0569.1575.1582.9587.3586.6594.2606.4637.1639.9655.3654.0682.7

Farm

Total

10.911.412.112.111.910.813.114.112.812.814.214.314.918.830.725.223.518.717.521.523.713.120.314.47.2

21.621.523.029.026.032.231.126.432.730.131.922.234.329.525.131.340.633.927.725.521.419.620.527.331.136.338.031.732.530.228.926.317.518.722.941.132.534.121.037.5

Propri-etors'

in-come2

11.812.312.912.912.711.613.915.013.713.915.415.716.520.532.627.726.922.621.726.329.420.228.623.416.030.229.731.136.933.940.039.234.440.938.239.930.242.137.232.738.648.641.935.733.529.427.728.535.239.044.245.839.540.337.936.634.025.226.430.548.639.641.228.8

Nonfarm

Total

40.940.442.344.445.849.952.255.558.462.664.765.571.278.984.590.398.1

115.6130.8148.5160.0164.5165.9165.4188.3225.9245.5255.6274.8312.7329.6349.9357.8401.7431.7444.6475.5510.5549.1581.0626.7427.9445.6448.1457.0467.2471.8479.2483.9494.8510.3515.5521.4536.6544.9554.0561.0569.1575.5583.6596.0607.5621.2633.0

44.6 645.2

Propri-etors'

in-come3

40.340.042.044.145.549.552.255.758.763.465.566.672.679.986.694.199.9

117.2131.9149.9161.4165.7161.4158.9172.8200.3211.2216.3239.8277.4293.5323.2333.0373.4401.4421.7447.8476.0504.2532.2578.9413.7419.6422.7430.9441.8444.8450.8453.7463.6477.1479.8483.4494.9500.2508.1513.7519.4527.6534.6547.4558.9573.8586.2596.9

1 National income is the total net income earned in production. It differs from gross domestic product mainly in that it excludes deprecia-tion charges and other allowances for business and institutional consumption of durable capital goods and indirect business taxes. See TableB-24.


336


TABLE B-26.—National income by type of income, 1959-99—Continued[Billions of dollars,- quarterly data at seasonally adjusted annual rates]

Year orQuarter

19591960196119621963 .. "...:"1964196519661967196819691970 ..19711972197319741975197619771978197919801981198219831984 .19851986 .1987 .198819891990199119921993199419951996199719981999/»1994:1

I II l lIV

1995:1I II l lIV

1996:1I IIllIV

1997:1I II l lIV

1998:1I II l lIV

1999:1I II l l

Rental income of personswith capital consumption

adjustment

TntallOldl

15.216.216.917.818.518.619.219.920.420.220.320.32122L623.123.022.021520422.424.531.339.639.636.939539.132.235.844.140.549.156.463.390.9

110.3117.9129.7130.21374146.198.0

112.0116.2115.2116.9115.1116.6123.2128.4129.0130.1131.4132.4132.0129.4126.7129.5133.9139.3147.0148.6148.8139.0

IV* 148.2

Rentalincome

ofpersons

17.318.319.019.920.520.621.422.423.223.424.324626127.730.131.732.333034!038.944.554.966.168.065.968870.363.768979.180.287.296.0

111.4133.6157.8165.4177.4180.01886202.2156.4154.9160.0160.1163.0161.3163.0174.4175.2176.1178.2179.9181.5181.5179.8177.3179.6184.3190.7199.6202.5203.5198.9204.0

Capital

sump-tion

adjust-ment

-2.1-2.1-2.1-2.1-2.0-2.0-2.2-2.5-2.8-3.3-3.9-43-50-6.1-7.0-8.7

-10.3-115-13.6-16.5-20.0-23.6-26.5-28.5-28.9-294-31.2-31.5-331-35.0-39.7-38.1-39.6-48.1-42.8-47.5-47.5-47.6^9.9-511-56.1-58.3-42.9-43.8-45.0-46.1-46.2-46.4-51.3-46.8-47.0-48.1-48.5-49.1-49.4-50.3-50.6-50.0

Corporate profits with inventory valuation and capital consumption adjustments

Total

53.752.353.461.567.674.785.991.889.496.393.481.3948

109'.4123.5114.0132.5160119015216.8221.9197.7218.0200.2253.03087321.3299.53453403.5394.2407.4430.2451.9509.7572.5668.3753.9837.9846.1

497.6568.3597.9626.0629.4654.9692.4696.4737.2748.9754.8774.5803.6831.6862.8853.5858.3

-50.5 847.9-51.4-52.6-53.9-54.7-59.9-55.8

843.8834.3882.0875.5879.2

Profits with inventory valuation adjustment and withoutcapital consumption adjustment

TotallUldl

53.451.451.756.962.068.478.784.481.788.585.274.0879

100J114.6108.5134.31645193^3221.2229.9209.3216.3188.0223.92620255.2250.52984359.8360.4388.6421.1448.8506.4561.0650.2729.4803.2802.8

506.6552.5579.7605.1610.7637.1673.7679.2715.3724.7729.6748.1772.6797.7827.0815.5818.4805.6799.9787.4831.4822.2827.1

Profits

Prnfftcr IDI libbefore

tax

53.751.551.556.961.968.980.086.583.392.291.180.6924

107'.3134.2146.8144.8178620910244.9270.1251.4240.9195.5231.42660255.2243.4314638L9376.7401.5416.1451.6510.4573.4668.5726.3795.9781.9

514.8562.7595.4620.7643.2665.3683.5681.8713.2726.3724.9741.0763.3786.5822.1811.6788.9792.0780.1766.7818.1835.8853.8

Drnfifc1 1 01 libtax

liability

23.622.722.824.026.228.030.933.732.739.439.734.437741.949.351.850.964273iO83.588.084.881.163.177.294096.5

106.5127113L2141.5140.6133.6143.1165.4186.7211.0223.6238.3240.2

165.4182.8194.4204.1203.1208.8218.7213.3219.7225.3224.0225.6228.9233.2246.8244.1239.9241.1244.3235.6248.0254.4259.4

Profits after tax

Total

30.028.828.732.935.740.949.152.850.652.851.446254765.584.995.093.9

114413610161.4182.1166.6159.8132.4154.11720158'7136.9187524418235.3260.9282.6308.4345.0386.7457.5502.7557.6541.7

349.4379.8401.0416.6440.1456.6464.8468.5493.5501.0500.9515.4534.4553.3575.3567.4548.9550.9535.8531.0570.1581.4594.3

Divi-dends

12.613.413.915.016.218.220.220.721.523.524.224.325026*29.933.233.039044.850.857.564.173.876.283.691097.7

106.31122129.6155.0165.5178.4185.5203.1234.9254.2297.7333.73486364.7220.0229.7240.5249.4248.6251.1252.1265.0286.2290.7302.7311.3320.6330.6338.8344.8346.5347.3348.4352.2356.4361.5367.3373.5

Undis-tributedprofits

17.515.514.817.919.522.728.932.129.129.327.221.929738i655.061.860.975491.2

110.6124.6102.686.056.270.581061.030.6753

115.230.295.3

104.1122.9141.9151.8203.3205.0223.9193.1

129.4150.1160.5167.1191.5205.5212.7203.4207.3210.3198.2204.1213.8222.7236.5222.6202.5203.6187.4178.8213.7219.9227.0

Inven-toryvalu-ation

adjust-ment

-0.3-.2

.3

.0

.1-.5

-1.2-2.1-1.6-3.7-5.9-6.6-46-eie

-19.6-38.2-10.5-141-15.7-23.7-40.1-42.1-24.6

-7.5-7.4-40

.07.1

-162-22:2-16.3-12.9

4.9-2.8-4.0

-12.4-18.3

3.17.4

20.9

-8.3-10.2-15.7-15.6-32.5-28.2-9.8-2.6

2.1-1.7

4.77.19.3

11.24.94.0

29.513.619.820.813.3

-13.6-26.7

Capitalcon-

tionariiiKtdUJUbl-ment

0.3.9

1.74.65.66.37.17.57.77.88.37.3698'.78.95.5

-1.7-44-2.8-4.4-8.0

-11.61.7

12.229.146666.049.046943*33.918.89.13.13.3

11.518.124.434.643352.0-9.015.818.220.918.817.718.817.221.924.225.226.431.033.935.738.039.942.443.946.950.653.252.152.1

Netinter-est

9.710.712.414.115.217.319.722.625.427.232.238.442646i253.968.876.680895.7

114.5144.2183.9226.5256.3267.23096326.7343.636153894443.1452.4429.8399.5374.3380.5389.8386.3412.5435.7

364.6369.6385.4402.5396.8392.8386.7383.0378.2385.5388.1393.3402.3411.8414.6421.2423.3434.6444.0440.8446.3456.4476.3

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

337


TABLE B-27.—Sources of personal income, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959196019611962 '.""...1963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999p1994:1

IIIll ....IV ....

1995:1I IIll ....IV ....

1996:1I IIll ....IV ....

1997: II IIll ....IV ....

1998:1I IIll ....IV ....

1999:1IIIll ....IV/> ..

Personalincome

394.0412.7430.3457.9481.0515.8557.4606.4650.4714.5780.8841.1905.1994.3

1,113.41,225.61,331.71,475.41,637.11,848.32,081.52,323.92,599.42,768.42,946.93,274.83,515.03,712.43,962.54,272.14,599.84,903.25,085.45,390.45,610.05,888.06,200.96,547.46,951.17,358.97,791.25,713.75,860.85,935.36,042.46,109.96,163.36,225.96,304.66,405.16,509.46,597.16,677.96,807.66,900.66,993.57,102.77,194.77,296.37,413.67,530.87,630.27,732.67,831.47,970.6

Wage and salary disbursements1

Total

259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5583.9638.7708.7772.6814.6899.5993.9

1,120.71,255.81,377.51,517.21,593.41,684.71,854.61,995.42,114.42,270.22,452.72,596.82,754.62,824.22,982.63,085.23,236.73,424.73,626.53,888.94,186.04,472.73,133.83,228.73,263.03,321.23,363.23,400.93,447.23,487.53,533.83,601.03,657.33,713.93,789.53,848.53,915.44,002.14,076.24,146.24,224.44,297.34,371.54,432.64,509.44,577.2

Private industries

Total

213.8223.7228.0243.0254.8272.9293.8321.9342.5375.3412.7434.3457.4501.2560.0611.8638.6710.8791.6901.2

1,018.71,116.21,231.71,286.11,359.81,507.01,621.71,717.81,848.02,001.82,117.12,237.92,278.62,414.92,500.32,632.82,802.02,985.53,224.43,493.23,746.32,536.42,625.02,657.72,712.12,744.52,780.02,823.32,860.12,899.42,961.63,014.23,066.73,132.83,187.43,248.33,329.03,393.63,457.03,527.73,594.53,655.73,711.33,779.13,839.0

Goods-producingindustries

Tntalloiai

109.9113.4114.0122.2127.4136.0146.6161.6169.0184.1200.4203.7209.1228.2255.9276.5277.1309.7346.1392.6442.3472.3514.5514.6527.7586.1620.2636.8660.1706.7732.2754.4746.3765.7780.6824.0863.6908.2975.5

1,038.71,082.6

796.6820.0832.5846.9852.8858.4868.1875.0882.1903.0917.6930.0952.2

Manu-facturing

86.989.889.996.8

100.7107.3115.7128.2134.3146.0157.7158.4160.5175.6196.6211.8211.6238.0266.7300.1335.2356.2387.6385.7400.7445.4468.5480.7496.9529.9547.9561.4562.5583.5592.4620.3647.5673.7718.8757.5779.9600.2617.9626.4636.7641.1644.5650.4654.0656.0671.1680.2687.6703.1

965.9 712.0979.5

1,004.31,020.41,032.21,045.61,056.61,062.91,075.11,090.21,102.2

720.7739.4747.7754.5762.3765.6767.0774.8786.4791.4

Distrib-utive

Indus-tries

65.168.669.673.376.882.087.995.1

101.6110.8121.7131.2140.4153.3170.3186.8198.1219.5242.7274.9308.5336.7368.5385.9405.7445.2476.5501.6535.4575.1606.5633.6646.3680.2697.3738.4782.1822.4879.1944.6

1,005.5712.8735.0745.1760.8768.4777.5787.8794.7803.5816.6828.3841.2856.3868.9885.7905.6919.6935.3953.5969.9986.3997.6

1,013.41,024.8

Serviceindus-tries

38.841.744.447.650.754.959.465.372.080.490.699.4

107.9119.7133.9148.6163.4181.6202.8233.7267.8307.2348.6385.6426.4475.6524.9579.3652.4720.1778.5849.9886.0969.0

1,022.41,070.41,156.31,254.91,369.81,509.91,658.11,027.01,070.01,080.21,104.41,123.21,144.11,167.41,190.51,213.91,242.01,268.31,295.61,324.41,352.61,383.11,419.11,453.61,489.51,528.61,568.01,606.61,638.51,675.51,711.9

Govern-ment

46.049.252.456.360.064.969.978.386.496.6

105.5117.1126.5137.4148.7160.9176.0188.6202.3219.6237.1261.3285.6307.3325.0347.6373.8396.6422.2450.9479.7516.7545.6567.7584.9603.9622.7641.0664.4692.8726.4597.4603.7605.3609.2618.8620.9623.9627.3634.3639.3643.1647.3656.6661.0667.1673.1682.6689.3696.7702.8715.8721.3730.3738.2

Otherlahnrlaoor

income1

13.414.415.216.718.020.322.725.528.232.536.641.948.055.362.873.387.6

105.3125.3143.4162.6185.4204.8222.8238.6262.1282.3298.4319.1336.5360.5390.0415.6449.5482.8507.5497.0490.0500.9515.7535.8503.9508.1509.5508.4502.2498.5495.0492.1490.0489.1489.6491.4496.2499.1502.4505.8509.5513.5517.7522.1528.0533.0538.5543.8

Proprietors' income

valuation andcapital

consumptionadjustments

Farm

10.911.412.112.111.910.813.114.112.812.814.214.314.918.830.725.223.518.717.521.523.713.120.314.4

7.221.621.523.029.026.032.231.126.432.730.131.922.234.329.525.131.340.633.927.725.521.419.620.527.331.136.338.031.732.530.228.926.317.518.722.941.132.534.121.037.5

Nonfarm

40.940.442.344.445.849.952.255.558.462.664.765.571.278.984.590.398.1

115.6130.8148.5160.0164.5165.9165.4188.3225.9245.5255.6274.8312.7329.6349.9357.8401.7431.7444.6475.5510.5549.1581.0626.7427.9445.6448.1457.0467.2471.8479.2483.9494.8510.3515.5521.4536.6544.9554.0561.0569.1575.5583.6596.0607.5621.2633.0645.2

1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-26 in that it ex-cludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.


338


TABLE B-27.—Sources of personal income, 1959-99—Continued


Year orquarter

1959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 . .19831984198519861987198819891990199119921993199419951996199719981999*1994- 1

III l lIV

1995:1||I I IIV

1996:1III l lIV

1997:1I IIllIV .

1998-1 .I II l lIV

1999:1I II I IIV*

Rentalincome

ofpersons

withcapital

con-sumptionadjust-ment

15.216.216.917.818.518.619.219.920.420.220.320.321.221.623.123.022.021.520.422.424.531.339.639.636.939.539.132.235.844.140.549.156.463.390.9

110.3117.9129.7130.2137.4146.198.0

112.0116.2115.2116.9115.1116.6123.2128.4129.0130.1131.4132.4132.0129.4126.7129.5133.9139.3147.0148.6148.8139.0148.2

Personaldividendincome

12.613.413.915.016.218.220.220.721.523.524.224.325.026.829.933.232.939.044.750.757.464.073.676.183.590.897.5

106.1112.1129.4154.8165.4178.3185.3203.0234.7254.0297.4333.4348.3364.3219.8229.5240.3249.2248.4250.8251.8264.8285.9290.4302.4310.9320.3330.2338.5344.4

346.1347.0348.0351.9356.1361.2367.0373.1

Personalinterestincome

23.025.627.330.233.036.940.845.349.454.162.371.577.584.297.6

116.1128.0140.5161.9191.3233.5

286.4352.7401.6431.6505.3546.4579.2609.7650.5736.5772.4771.8750.1725.5742.4792.5810.6854.9897.8930.6714.4727.1750.2778.0784.8791.9794.7798.7

797.2805.9814.6824.6835.7850.6859.7873.6

880.1895.3909.3906.4

907.4920.5938.8955.6

Transfer payments to persons

Total

24.225.729.530.332.033.235.939.647.655.661.674.388.298.0

111.9132.3167.5182.3194.6209.3234.2

279.0317.2354.2382.2393.4420.9449.0468.6496.9540.4594.4669.9751.7798.6833.9885.9928.8962.4983.6

1,018.2824.1828.7835.5847.1870.5881.9891.1900.1918.7926.3931.9938.3

956.4960.7964.9967.7

976.7980.0986.5991.0

1,007.81,013.61,021.31,030.2

Old-age,survivors,disability,

andhealthinsur-ance

benefits

10.211.112.614.315.216.018.120.825.530.232.938.544.549.660.470.181.492.9

104.9116.2131.8154.2182.0204.5221.7235.7253.4269.2282.9300.5325.2

352.1382.4414.0444.4473.0508.0537.6565.8578.1596.6463.5470.3475.7482.6498.1505.7511.3516.7528.8534.9540.2546.4

560.2564.8568.1570.2

575.1576.5579.6581.1588.9593.0599.0605.4

Govern-ment

unem-ployment

insur-ance

benefits

2.83.04.33.13.02.72.31.92.22.12.24.05.85.74.46.8

17.615.812.79.79.8

16.115.925.226.315.915.716.314.513.214.318.026.638.934.123.621.522.120.019.820.227.723.921.821.020.721.221.722.222.922.421.521.521.020.019.619.219.619.220.619.920.520.320.219.6

Veteransbenefits

4.64.65.04.74.84.74.94.95.65.96.77.78.89.7

10.411.814.514.413.813.914.415.016.116.416.616.416.716.716.616.917.317.818.319.320.120.120.921.722.523.324.319.919.920.220.420.820.821.020.921.521.921.621.822.522.422.522.723.223.223.323.624.324.124.324.5

Familyassis-tance »

0.91.01.11.31.41.51.71.92.32.83.54.86.26.97.28.09.3

10.110.610.811.112.513.112.913.814.515.216.116.416.917.519.221.122.222.823.222.620.317.617.115.923.123.223.223.222.922.822.622.321.420.820.218.918.217.717.317.117.117.117.117.316.916.315.415.1

Other

5.76.16.57.07.68.29.0

10.212.114.516.219.423.026.129.535.644.749.252.558.767.181.390.295.2

103.8111.0119.9130.6138.2149.5166.1187.3221.5257.3277.2294.0313.0327.1336.5345.2361.3289.9291.4294.5300.0308.0311.5314.5318.1324.0326.3328.4329.6

334.6335.8337.2338.4

341.7344.0345.8349.1357.2359.9362.4365.5

Less.-Personalcontribu-

tionsfor

socialinsurance

6.07.27.47.99.39.8

10.314.516.818.721.422.524.728.035.740.542.646.952.059.770.277.292.199.1

106.1118.4133.6145.6156.8176.8191.6203.7215.1226.6237.8254.1268.8280.4298.1315.9334.5248.8252.9255.3259.2264.7267.3270.2272.7274.7278.8282.3285.7

292.0295.6299.7304.9

310.0313.8318.0322.0328.9332.3336.7340.2

1 Consists of aid to families with dependent children and, beginning with 1996, assistance programs operating under the Personal Respon-sibility and Work Opportunity Reconciliation Act of 1996.

theNote.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based one 1987 Standard Industrial Classification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.Source: Department of Commerce, Bureau of Economic Analysis.

339


TABLE B-28.—Disposition of personal income, 1959-99[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

1959I960196119621963196419651966196719681969197019711972197319741975 .1976197719781979198019811982 . .. .19831984 ...."".'.. '. "....'.19851986198719881989 ..19901991199219931994199519961997 .19981999*1994- 1

IIIllIV

1995:1IIIll .IV

1996:1||III ."IV

1997:1||I I IIV

1998- 1III l lIV

1999:1IIIllIV*

Personalincome

394.0412.7430.3457.9481.0515.8557.4606.4650.4714.5780.8841.1905.1994.3

1,113.41,225.61,331.71,475.41,637.11,848.32,081.52,323.92,599.42,768.42,946.93,274.83,515.03,712.43,962.54,272.14,599.84,903.25,085.45,390.45,610.05,888.06,200.96,547.46,951.17,358.97791.25,713.75,860.85,935.36,042.46,109.96,163.36,225.96,304.66,405.16,509.46,597.16,677.96,807.66,900.66,993.57,102.77,194.77,296.37,413.67,530.87,630.27,732.67,831.47,970.6

Less:Personaltax andnontax

payments

42.846.647.952.355.352.858.467.374.288.3

105.9104.6103.4125.6134.5153.3150.3175.5

. 201.2233.5273.3304.2351.5361.6360.9387.2428.5449.9503.0519.7583.5609.6610.5635.8674.6722.6778.3869.7968.3

1,072.61,152.0

695.4732.2724.3738.5751.8780.5781.6799.5830.7872.5877.3898.1934.2954.4978.6

1,006.01,031.21,058.01,088.31,113.01,124.81,139.41,160.41,183.2

Equals:Dispos-

ablepersonalincome

351.2366.2382.4405.6425.8463.0498.9539.1576.2626.2675.0736.5801.7868.6979.0

1,072.31,181.41,299.91,436.01,614.81,808.22,019.82,247.92,406.82,586.02,887.63,086.53,262.53,459.53,752.44,016.34,293.64,474.84,754.64,935.35,165.45,422.65,677.75,982.86,286.26,639.25,018.35,128.65,211.05,303.95,358.15,382.85,444.45,505.15,574.45,637.05,719.85,779.75,873.45,946.26,014.96,096.76,163.56,238.36,325.36,417.86,505.46,593.26,671.06,787.4

Less: Personal outlays

Total

324.7339.8350.5372.2392.7422.4456.2494.6522.3573.6622.3667.0721.6791.7876.5957.9

1,056.21,177.81,310.41,469.41,642.41,814.12,004.22,144.62,358.22,581.12,803.92,994.73,206.73,460.13,714.43,959.34,103.24,340.94,584.54,849.95,120.25,405.65,711.76,056.66,480.94,744.04,809.14,886.94,959.75,012.15,091.35,158.45,218.85,292.25,383.95,433.75,512.65,609.95,650.25,759.45,827.45,914.76,020.96,100.56,190.36,310.36,425.26,531.56,656.6

Personalcon-

sumptionexpendi-

tures

318.1332.3342.7363.8383.1411.7444.3481.8508.7558.7605.5648.9702.4770.7852.5932.4

1,030.31,149.81,278.41,430.41,596.31,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.73,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.94,613.84,677.54,753.04,821.34,868.64,943.75,005.25,058.45,130.55,218.05,263.75,337.95,430.85,466.35,569.15,631.35,714.75,816.25,889.65i973.76,090.86,200.86,303.76,424.6

Interestpaidby

persons

6.17.07.37.88.9

10.011.112.012.513.815.716.817.819.622.424.224.526.630.737.544.549.454.658.865.075.083.290.691.592.9

106.4115.8118.9118.7115.4117.9134.7149.9166.7185.7201.6114.9116.1118.2122.4127.5132.1136.8142.4144.3147.9151.8155.5159.6164.0168.7174.3178.8182.8187.9193.2196.1199.9203.3206.9

Per-sonal

transferpay-

mentsto restof theworld(net)

0.5.5.5

.'7

.7

.8

.81.01.01.11.31.31.41.51.31.31.31.31.51.61.85.56.5

88.19.09.9

10.611.412.013.012.514.415.616.518.220.622.324.415.315.515.715.915.915.616.418.017.418.018.219.319.619.821.521.721.121.822.923.323.524.624.525.1

Equals:Personalsaving

26.526.431.933.533.140.542.744.554.052.752.669.580.176.9

102.5114.3125.2122.1125.6145.4165.8205.6243.7262.2227.8306.5282.6267.8252.8292.3301.8334.3371.7413.7350.8315.5302.4272.1271.1229.7158.3274.3319.5324.1344.2346.0291.5285.9286.3282.2253.1286.1267.1263.4296.1255.5269.3248.9217.5224.8227.5195.1168.0139.5130.8

Percent of disposablepersonal income J

Personal outlays

Total

92.492.891.791.792.291.291.491.790.691.692.290.690.091.189.589.389.490.691.391.090.889.889.289.191.289.490.891.892.792.292.592.291.791.392.993.994.495.295.596.397.694.593.893.893.593.594.694.794.894.995.595.095.495.595.095.895.696.096.596.496.597.097.597.998.1

Personalcon-

sumptionexpendi-

tures

90.690.789.689.790.088.989.089.488.389.289.788.187.688.787.187.087.288.589.088.688.387.386.586.488.486.587.988.789.889.589.689.288.788.590.391.391.692.292.393.094.291.991.291.290.990.991.891.991.992.092.692.092.492.591.992.692.492.793.293.193.193.694.094.594.7

Personalsaving

7.67.28.38.37.88.88.68.39.48.47.89.4

10.08.9

10.510.710.69.48.79.09.2

10.210.810.98.8

10.69.28.27.37.87.57.88.38.77.16.15.64.84.53.72.45.56.26.26.56.55.45.35.25.14.55.04.64.55.04.24.44.03.53.63.53.02.52.11.9

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

340


TABLE B—29.—Total and per capita disposable personal income and personal consumption expenditures

in current and real dollars, 1959—99[Quarterly data at seasonally adjusted annual rates, except as noted]

Year or

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1994:1

I IIll ....IV ....

1995:1I IIll ....IV ....

1996:1I IIll ....IV ....

1997:1I IIll ....IV ....

1998:1I II I I 'IIV ....

1999:1II .Ill ....IV*

Disposable personal income

Total (billions ofdollars)

Currentdollars

351.2366.2382.4405.6425.8463.0498.9539.1576.2626.2675.0736.5801.7868.6979.0

1,072.31,181.41,299.91,436.01,614.81,808.22,019.82,247.92,406.82,586.02,887.63,086.53,262.53,459.53,752.44,016.34,293.64,474.84,754.64,935.35,165.45,422.65,677.75,982.86,286.26,639.25,018.35,128.65,211.05,303.95,358.15,382.85,444.45,505.15,574.45,637.05,719.85,779.75,873.45,946.26,014.96,096.76,163.56,238.36,325.36,417.86,505.46,593.26,671.06,787.4


1,606.31,646.81,701.51,783.91,851.11,984.82,107.22,219.12,313.82,420.02,498.02,602.22,709.22,832.33,024.23,015.73,074.63,195.63,306.63,478.93,588.73,631.03,715.63,773.43,881.44,181.04,321.84,461.24,563.14,766.04,885.04,991.35,026.25,199.85,253.65,388.35,533.05,677.75,884.76,125.16,367.45,283.55,371.75,412.35,485.55,507.85,502.45,541.05,580.85,617.65,647.25,710.95,735.35,798.05,857.95,909.85,973.06,031.56,087.56,154.66,226.66,289.36,339.16,384.86,456.3

Per capita(dollars)

Currentdollars

1,9832,0262,0812,1742,2492,4122,5672742m3,3293,5913,8604,1384,6195,0135,4705,9606,5197,2538,0338,8699,773

10,36411,03612,21512,94113,55514,24615,31216,23517,17617,71018,61619,12119,82020,61321,38522,32023,23124,30519,32619,70519,96920,27620,44120,48920,67020,84921,07221,26121,51721,68721,99422,21522,41022,65822,86323,08623,34523,62823,90424,17124,38924,753


9,0689,1119,2609,5619,779

10,34210,8421128811,64112,05512,32212,68813,04413,49214,26914,09914,23614,65315,01015,62715,94215,94416,15416,25016,56417,68718,12018,53618,79019,44819,74619,96719,89220,35920,35420,67521,03221,38521,95422,63623,31020,34820,63920,74120,97021,01220,94521,03621,13621,23521,30021,48321,52021,71221,88522,01922,19822,37322,52822,71522,92423,11023,23923,34323,546


Total (billions ofdollars)

Currentdollars

318.1332.3342.7363.8383.1411.7444.3481.8508.7558.7605.5648.9702.4770.7852.5932.4

1,030.31,149.81,278.41,430.41,596.31,762.91,944.22,079.32,286.42,498.42,712.62,895.23,105.33,356.63,596.73,831.53,971.24,209.74,454.74,716.44,969.05,237.55,524.45,848.66,254.94,613.84,677.54,753.04,821.34,868.64,943.75,005.25,058.45,130.55,218.05,263.75,337.95,430.85,466.35,569.15,631.35,714.75,816.25,889.65,973.76,090.86,200.86,303.76,424.6


1,454.81,494.41,524.61,599.71,665.71,765.21,876.41,983.32,042.72159.12,241.22,293.02,373.62,513.22,634.02,622.32,681.32,826.52,944.03,081.63,168.03,169.43,214.03,259.83,431.73,617.63798.03,958.74,096.04,263.24,374.44,454.14,460.64,603.84,741.94,920.05,070.15,237.55,433.75,698.65,998.74,857.64,899.24,936.74,986.45,004.75,053.65,094.05,128.05,170.35,227.55,255.45,296.85,361.15,385.15,471.85,517.15,592.35,675.65,730.75,795.85,888.45,961.86,033.36,111.2

Per capita(dollars)

Currentdollars

1,7961,8381,8651,9502,0242,1452,2862,4512,5592,7832,9873,1643,3823,6714,0224,3594,7715,2725,8036,4257,0917,7418,4538,9549,757

10,56911,37312,02912,78713,69714,53915,32715,71716,48217,25918,09718,88819,72720,61021,61422,89817,76817,97218,21418,43118,57318,81819,00219,15719,39419,68119,80120,02920,33720,42220,74920,92921,19821,52421,73721,99322,38122,73223,04723,430


8,2138,2678,2988,5748,7999,1979,655

10,08810,27810,75511,05511,18011,42911,97212,42812,25912,41412,96013,36413,84214,07313,91813,97314,03814,64415,30315,92416,44816,86717,39717,68217,81817,65318,02518,37218,87819,27219,72720,27221,06021,96018,70718,82418,91819,06219,09319,23619,34019,42119,54419,71619,77019,87520,07620,11920,38720,50420,74421,00421,15121,33821,63721,85622,05822,287

Gross domesticproduct

per capita(dollars)

Currentdollars

2,8652,9182,9703,1433,2683,4623,7054,0154,1974,5404,8605,0695,4345,9096,5377,0177,5718,3639,221

10,31311,40112,27613,61414,03515,08516,63617,66418,50119,52920,84522,18823,21523,69124,74125,73527,06828,13129,42830,96832,37333,85726,52626,95627,19327,59227,83927,94928,21928,51528,84129,35429,56429,94830,43030,85731,16531,41531,93932,13632,47132,94133,33833,53033,99334,563


12,98513,04113,12813,70714,09514,70715,45016,27416,50017,11417,47717,30617,62318,36019,21818,98918,75319,54520,22721,15621,63521,39521,71221,10221,78823,17123,85624,45425,08925,90826,55226,73626,39426,98127,33028,15628,65029,42830,46131,47232,43927,80028,12428,20728,48928,53728,53328,68328,84628,99929,42129,50429,78430,08330,39130,60730,76231,20531,29831,50431,87932,10732,18232,54132,921

Popula-tion

(thou-sands)1

177,130180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106227,726230,008232,218234,332236,394238,506240,682242,842245,061247,387249,981252,677255,403258,107260,616263,073265,504268,046270,595273,161259,662260,268260,948261,587262,129262,714263,400264,047264,542265,134265,834266,504267,040267,671268,399269,075269,591270,219270,946271,623272,145272,778273,518274,201

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

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

341


TABLE B-30.—Gross saving and investment, 1959-99

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

Ypar nrICdl Ul

quarter

1959196019611962 .:.:.:::.1963196419651966 . .196719681969 ..."".'.197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993 '.'.'..19941995 ..::z1996 .. .199719981999'1994:1

II .Ill ...IV ...

1995:1IIIll ...IV ...

1996:1IIIll ...IV ...

1997:1IIIll ...IV ...

1998:1IIIll ...IV ...

1999:1IIIll ...IV'

Gross saving

Total

105.8110.9113.9124.6132.8143.0158.1169.1171.1183.3199.8194.3211.4241.6294.6304.0298.4342.7398.2481.6544.9555.5656.5625.7608.0769.4772.5735.9810.4936.2967.6977.7

1,015.81,007.41,039.41,155.91,257.51,349.31,521.31,646.0

1,122.41,145.71,151.11,204.61,238.01,233.11,260.11,298.51,295.61,328.21,372.81,400.51,440.91,522.41,548.21,573.71,623.11,611.41,664.11,685.41,727.81,709.51,735.6

Gross private saving

Total

84.284.491.5

100.4104.3117.6129.4138.5150.8153.7157.0174.3202.6217.0256.4270.7323.5344.0383.1439.1487.8537.8631.7681.6693.8824.8833.4806.5838.3943.0955.1

1,016.21,098.91,164.61,159.41,199.31,266.01,290.41,362.01,371.2

1,200.91,170.31,193.21,233.01,264.91,240.21,271.31,287.61,282.71,264.61,305.61,308.61,324.31,382.01,364.11,377.71,382.51,352.21,367.71,382.31,389.41,359.31,355.7

Per-sonal

saving

26.526.431.933.533.140.542.744.554.052.752.669.580.176.9

102.5114.3125.2122.1125.6145.4165.8205.6243.7262.2227.8306.5282.6267.8252.8292.3301.8334.3371.7413.7350.8315.5302.4272.1271.1229.71583274.3319.5324.1344.2346.0291.5285.9286.3282.2253.1286.1267.1263.4296.1255.5269.3248.9217.5224.8227.5195.1168.0139.5130.8

Gross business saving

Total1

57.758.059.666.971.277.186.794.096.8

101.0104.4104.8122.5140.1153.9156.4198.3221.9257.5293.7322.0332.2388.0419.4466.0518.3550.8538.7585.5650.7653.3681.9727.2750.9808.6883.8963.6

1,018.31,090.91,141.5

926.6850.8869.1888.8918.9948.7985.4

1,001.31,000.51,011.51,019.51,041.51,060.91,085.91,108.61,108.41,133.61,134.71,142.91,154.81,194.31,191.31,216.2

Undis-trib-uted

corpo-rate

profits2

17.516.316.722.525.128.634.837.535.333.429.522.632.040.744.329.048.756.972.782.576.448.863.160.992.2

123.6127.186.7

106.0136.897.8

101.2118.2123.2141.2150.8203.1232.5265.9257.2

112.1155.8163.1172.4177.8195.0221.6218.1231.3232.9228.1237.7254.1267.9277.2264.6271.9259.5251.1246.5277.6259.5252.4

Cor-porate

consump-tion offixed

capital

23.724.725.326.227.328.830.933.937.341.345.850.855.761.367.278.994.4

105.0117.9134.9157.0181.9211.1234.5245.5261.3282.0303.3322.2345.7372.1392.3412.3429.1449.3483.4512.6543.6

3*666.3492.6472.7480.6487.9498.1508.5516.6527.3531.0538.4547.7557.4565.6574.3584.1593.6602.2612.6625.0637.1645.8657.2676.5685.6

Noncor-porate

consump-tion offixed

capital

16.517.117.618.118.719.721.022.624.326.429.031.434.438.542.348.455.260.066.976.288.5

101.5113.7124.0128.3133.4141.7148.7157.4168.1183.4188.4196.8214.3211.6231.9231.5238.5249.8261.5279.0265.4217.6220.8223.8226.7228.9230.8239.6234.6236.6240.1242.7245.4248.0251.5254.3256.0259.1263.3267.7271.0274.6287.2283.2

Gross government saving

Total

21.626.522.524.228.525.528.830.720.329.642.820.08.8

24.638.233.3

-25.1-1.315.142.557.117.724.8

-55.9-85.7-55.4-60.9-70.5-27.9-6.712.5

-38.6-83.2

-157.2-120.0-43.4-8.558.9

159.3274.8

-78.5-24.6-42.0-28.4-26.8-7.0

-11.210.912.963.567.292.0

116.6140.4184.0196.0240.7259.2296.4303.0338.3350.2379.9

Federal

Total

13.617.813.514.017.513.416.016.15.8

13.825.52.3

-9.5-3.8

8.36.4

-47.7-29.9-20.6

-.616.6

-22.8-18.9-93.1

-131.5-121.6-127.9-139.2-91.6-77.2-65.6

-104.3-142.3-222.2-195.4-130.9-108.0-51.5

37.7134.3

-157.1-109.3-130.5-126.8-124.9-105.1-113.4-88.4-91.5-51.9-44.6-18.0-1.323.258.770.3

111.9130.5147.1147.8187.2208.3225.1

Con-sump-

tionof

fixedcapital

10.410.711.011.612.312.512.813.314.215.115.916.717.418.719.520.221.623.224.626.328.030.934.739.542.446.449.352.956.360.264.468.773.075.478.781.484.085.386.687.490.880.481.281.582.583.383.984.184.885.085.185.585.786.186.486.687.187.087.087.588.189.690.291.2971

Currentsurplus

orHafiritoeTicii( \— J

3.27.12.52.45.2

.83.22.7

-8.3-1.3

9.6-14.4-26.8-22.5-11.2-13.9-69.3-53.0-45.2-26.9-11.4-53.8-53.7

-132.6-173.9-168.1-177.1-192.1-147.9-137.4-130.0-173.0-215.3-297.5-274.1-212.3-192.0-136.8-48.8

46.9

-237.5-190.5-212.0-209.4-208.3-188.9-197.6-173.2-176.5-137.0-130.1-103.7-87.4-63.2-27.9-16.8

24.943.559.659.797.6

118.1133.8

State and local

Total

8.08.79.0

10.211.012.112.714.614.515.817.317.618.228.430.027.022.728.635.743.140.540.643.837.245.766.267.068.763.770.578.165.759.165.075.487.599.4

110.4121.5140.5

78.684.788.598.498.198.1

102.399.3

104.3115.4111.8109.9117.9117.2125.3125.6128.8128.7149.3155.2151.1141.9154.8

Con-sump-

tionof

fixedcapital

4.24.44.75.05.45.76.26.97.58.39.3

10.611.812.914.317.720.221.322.624.427.431.736.339.540.942.444.747.951.554.958.863.166.969.973.978.984.188.994.098.8

105.178.077.879.380.682.283.584.886.187.388.389.590.792.093.594.495.996.897.899.4

101.1102.4104.3106.0107.8

Currentsurplus

or/ \(-)

3.84.34.35.25.76.46.57.77.07.58.07.16.4

15.615.79.32.47.3

13.118.713.08.87.5

-2.34.8

23.822.320.812.215.619.32.6

-7.8-4.9

1.58.6

15.321.427.541.7

.66.99.2

17.815.914.617.513.317.027.222.319.325.923.730.929.732.030.949.954.248.737.648.9

1 Includes private wage accruals less disbursements not shown separately.2 With inventory valuation and capital consumption adjustments.See next page for continuation of table.

342


TABLE B-30.—Gross saving and investment, 1959-99—Continued[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

1959196019611962196319641965196619671968196919701971 .1972197319741975197619771978197919801981 . ..198219831984198519861987 . . . . .198819891990 . ..199119921993 .199419951996199719981999*1994:1

11IIIIV

1995:1||IllIV

1996:1IIHI .. ..IV

1997-1||IllIV

1998- 1||Il lIV

1999:1II . .Il lIV*

Gross investment

Total

106.7110.4113.8125.3132.4144.2160.0175.6175.9187.6202.7201.2222.7250.3302.6314.0316.1367.2419.8502.6580.6589.5684.0628.2655.0787.9784.2779.8813.8894.0983.9

1,008.21,035.41,051.11,103.21,214.41,284.01,382.11,518.11,598.4

1,175.11,227.01,205.71,249.91,291.71,258.01,263.31,322.91,330.01,377.71,397.91,422.81,461.81,546.31,530.71,533.71,624.61,569.91,576.21,623.01,628.41,574.01,594.4

Grossprivate

domesticinvest-ment

78.578.978.288.193.8

102.1118.2131.3128.6141.2156.4152.4178.2207.6244.5249.4230.2292.0361.3436.0490.6477.9570.8516.1564.2735.5736.3747.2781.5821.1872.9861.7800.2866.6955.1

1,097.11,143.81,242.71,383.71,531.21,621.61,042.01,106.41,094.01,146.11,162.81,133.11,123.51,155.61,172.41,231.51,282.61,284.31,327.01,392.21,395.91,419.61,514.31,495.01,535.31,580.31,594.31,585.41,635.01,671.8

Grossgovern-

mentinvest-ment3

29.328.331.333.333.634.635.640.443.844.744.444.844.046.349.457.464.566.467.577.188.5

100.3106.9112.3122.8139.4158.8173.2184.3186.2197.7215.8220.3223.1220.9225.6238.2250.1258.1268.7296.4215.7222.2233.3231.1236.4241.0236.4238.9248.3253.0249.9249.4252.1257.9261.5261.0262.4266.3273.5272.6289.8292.2295.7308.1

Netforeigninvest-ment4

-1.23.24.33.95.07.56.23.93.51.71.84.0

.6-3.6

8.77.1

21.48.9

-9.0-10.4

1.411.46.3-.2

-32.0-87.0

-110.9-140.6-152.0-113.2-86.7-69.2

14.9-38.7-72.9

-108.3-98.0

-110.7-123.7-201.5

-82.6-101.6-121.6-127.3-107.5-116.1-96.7-71.6-90.7

-106.7-134.5-111.0-117.3-103.7-126.7-146.9-152.1-191.4-232.6-229.9-255.7-303.7-336.3

Statisti-cal

discrep-ancy

0.8-.6-.2

.7-.41.21.96.44.84.32.96.9

11.38.78.0

10.017.724.521.621.035.733.927.5

2.547.018.611.743.93.3

-42.216.330.619.643.763.858.526.532.8-3.2

-47.6

52.781.354.645.353.724.93.1

24.434.449.625.122.320.923.9

-17.5-40.0

1.4-41.5-87.9-62.4-99.4

-135.5-141.2

Addenda:

Grosssavingas a

percent

grossnationalproduct

20.720.920.721.121.321.421.821.320.420.020.118.618.619.321.120.018.118.619.420.821.019.620.719.017.019.418.216.517.018.317.616.816.915.916.616.316.917.218.318.8

16.216.316.216.716.916.716.917.216.917.017.417.517.718.418.518.618.818.619.018.919.118.718.7

Personalsavingas a

percentof

discos-able

personalincome

7.67.28.38.37.88.88.68.39.48.47.89.4

10.08.9

10.510.710.69.48.79.09.2

10.210.810.98.8

10.69.28.27.37.87.57.88.38.77.16.15.64.84.53.72.45.56.26.26.56.55.45.35.25.14.55.04.64.55.04.24.44.03.53.63.53.02.52.11.9

3 For details on government investment, see Table B-18.4 Net exports of goods and services plus net income receipts from rest of the world less net transfers.Source: Department of Commerce, Bureau of Economic Analysis.

343


TABLE B—31.—Median money income (in 1998 dollars) and poverty status of families and persons,by race, selected years, 1980-98

Year

ALL RACES1980 3

198119821983 4

1984198519861987 5 .19881989199019911992 6

199319941995199619971998WHITE1980 3

198119821983 4

1984198519861987 5

19881989199019911992 6

199319941995199619971998BLACK1980 3

1981198219834

1984198519861987 5

19881989199019911992 6

199319941995199619971998

Families1

Num-ber

(mil-lions)

60.361.061.462.062.763.664.565.265.866.166.367.268.268.569.369.670.270.971.6

52.753.353.453.954.455.055.756.156.556.656.857.257.757.958.458.958.959.560.1

6.36.46.56.76.86.97.17.27.47.57.57.78.08.08.18.18.58.48.5

Medianmoneyincome

(in1998dol-

lars)2

$41,63740,50239,95440,38041,46942,01543,81144,43844,35444,97444,09043,01142,49041,69142,65543,43643,94545,26246,737

43,38242,54541,94942,28343,43444,16145,82046,46846,73047,29046,03845,21844,92744,33144,96745,61246,49647,48249,023

25,10224,00023,18523,83024,20825,42926,18126,41026,63326,56526,71725,78824,51724,30027,16427,77627,55329,04829.404

Below poverty level

Total

Num-ber

(mil-lions)

6.26.97.57.67.37.27.07.06.96.87.17.78.18.48.17.57.77.37.2

4.24.75.15.24.95.04.84.64.54.44.65.05.35.55.35.05.15.04.8

1.82.02.22.22.12.02.02.12.12.12.22.32.52.52.22.12.22.0?.o

Per-cent

10.311.212.212.311.611.410.910.710.410.310.711.511.912.311.610.811.010.310.0

8.08.89.69.79.19.18.68.17.97.88.18.89.19.49.18.58.68.48.0

28.930.833.032.330.928.728.029.428.227.829.330.431.131.327.326.426.123.6?3.4

Femalehouseholder

Num-ber

(mil-lions)

3.03.33.43.63.53.53.63.73.63.53.84.24.34.44.24.14.24.03.8

1.61.81.81.91.92.02.02.01.91.92.02.22.22.42.32.22.32.32.1

1.31.41.51.51.51.51.51.61.6

!i1.81.91.91.71.71.71.61.6

Per-cent

32.734.636.336.034.534.034.634.233.432.233.435.635.435.634.632.432.631.629.9

25.727.427.928.327.127.428.226.926.525.426.828.428.529.229.026.627.327.724.9

49.452.956.253.751.750.550.151.149.046.548.151.250.249.946.245.143.739.840.8

Personsbelow

poverty level

Num-ber

(mil-lions)

29.331.834.435.333.733.132.432.231.731.533.635.738.039.338.136.436.535.634.5

19.721.623.524.023.022.922.221.220.720.822.323.725.326.225.424.424.724.423.5

8.69.29.79.99.58.99.09.59.49.39.8

10.210.810.910.29.99.79.19.1

Per-cent

13.014.015.015.214.414.013.613.413.012.813.514.214.815.114.513.813.713.312.7

10.211.112.012.111.511.411.010.410.110.010.711.311.912.211.711.211.211.010.5

32.534.235.635.733.831.331.132.431.330.731.932.7

30!629.328.426.5?6.1

Median money income (in 1998 dollars)of persons 15 years old and over with

income2

Males

Allpersons

$24,81624,37423,78523,99324,47424,70925,45225,52026,05226,15025,30824,49723,76523,80423,88924,13124,76125,60526,492

26,39725,86325,14625,24225,8342592126,85927,12627,50127,42526,40225,60524,86924,79524,93325,55725,91926,52227,646

15,86215,37915,06914,76214,82216,31216,09516,09216,59516,57516,04815,51315,17816,47516,47817,11917,13218,37819.321

Year-round

full-timeworkers

$37,97337,43436,92236,79437,65837,87038,51038,28337,67337,35736,14136,29935,82035,05634,76934,43934,84235,79736,252

39,05738,31337,90637,77338,94738,92239,58539,17638,94139,00437,51537,04436,67235,90735,68035,84636,09236,68137,196

27,48027,10826,92226,94926,58027,22427,90928,01128,54427,21626,79027,08026,71126,58326,84226,52328,19127,31627.472

Females

Allpersons

$9,7449,874

10,03710,48210,77510,93311,31811,90212,24112,65112,55912,53712,44712,46012,61112,97413,31313,91614,430

9,7989,984

10,17410,66510,90211,14511,54112,20612,54312,89812,86712,83112,73712,70812,79113,17313,46514,00714,617

9,0718,8708,9749,1149,6709,5099,7659,971

10,12610,35210,38610,55110,32510,72511,59711,72312,23013,25113.137

Year-round

full-timeworkers

$22,95722,53623,29623,67424,19424,62025,04925,20225,55225,81425,68025,42525,66825,34625,58825,43125,90426,43426,855

23,17822,91223,60923,99024,43424,96825,43325,66825,93526,12125,98925,79625,96525,92126,28025,95226,34426,88227,304

21,61820,69221,10121,29522,02022,10222,25522,92623,24023,49223,12722,89923,53622,91622,68822,54522,84523,11923.864

'The term "family" refers to a group of two or more persons related by birth, marriage, or adoption and residing together. Every familymust include a reference person. Beginning 1979, based on householder concept and restricted to primary families.2 Current dollar median money income adjusted by CPI-U-X1.

3 Based on 1980 census population controls (beginning 1979); comparable with succeeding years.4 Reflects implementation of Hispanic population controls; comparable with succeeding years.5 Based on revised methodology; comparable with succeeding years.6 Based on 1990 census adjusted population controls; comparable with succeeding years.

. level) for all races for years not shown above are: 1959, 22.4; 1960, 22.2; 1961,21.9; 1962, 21.0; 1963, 19.5; 1964, 19.0; 1965, 17.3; 1966, 14.7; 1967, 14.2; 1968, 12.8; 1969, 12.1; 1970, 12.6; 1971, 12.5; 1972, 11.9;

Note.— Poverty rates (p1.9; 1962, 21.0; 1963, 1.; , .; , .; , .; , .; , .

1973, 11.1; 1974, 11.2; 1975, 12.3; 1976, 11.8; 1977, 11.6; 1978, 11.4; and 1979, 11.7.Poverty thresholds are updated each year to reflect changes in the consumer price index (CPI-U).For details see "Current Population Reports," Series P-60.Source: Department of Commerce, Bureau of the Census.

344


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

TABLE B-32.—Population by age group, 1929-99[Thousands of persons]

July 1

1929193319391940194119421943194419451946194719481949195019511952195319541955195619571958195919601961196219631964 . . .19651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999

Total

121 767125 579130 880132,122133,402134 860136'739138,397139,928141 389144'l26146,631149,188152 271154878157,553160 184163*.026165,931168 90317l'984174,882177 830180 671183'691186,538189 24219l'889194 303196,560198,712200 706202*.677205 052207,661209 896211,909213,854215,973218 035220 239222̂ 85225 055227 726229*.966232 188234,307236 348238,466240 651242,804245,021247 342249 948252*.639255 374258'083260,599263 044265463268,008270 561273.131

Under 5

11734106121041810,57910,8501130112*01612,52412,979132441440614,91915,6071641017*33317,3121763818*05718,566190031949419,887201752034120*52220,4692034220*1651982419*20818,5631791317*.3761716617,2441710116*.85116,48716,121156171556415*735160631645116*.8931722817*,5471769517,8421796318J05218195185081885019*,1861948819*67019,6971952919*28919,0971896618.918

5-15

26800268972517924,81124,5162423124*09323,94923,907241032446825,20925,8522672127*27928,8943022731,48032,6823399435*27236,44537368384943976541,2054162642*2974293843,70244,2444462244*,8404481644,5914420343,58242,98942,50842,0994129840*.428395523883838!l443778437*.5263746137,4503740437,33337,593379723859539!l78398484044541,076417434223542,7274305643.333

16-19

9127930298229,8959,84097309*.6079,5619,36191199*0978,9528,78885428*4468,41484608,6378,74489169*1959,543102151068311*02511,1801200712*7361351614,31114,2001445214*.8001528915,6881603916,44616,76917,01717,1941727617*.288172421716716*,8121633215,8231529515,0051502415,21515,198149131446013,9671373613*88814,142144111491715,2671566015*955

Age (years)

20-24

10694111521151911,69011,8071195512*06412,06212,036120041181411,79411,7001168011*55211,3501106210,83210,7141061610*60310,75610969111341148311,9591271413*2691374614*.05015,2481578616*.48017,20218,1591815318,52118,97519,527199862049920*.946212972159021*869219022l',8442173721,4782094220*38519846194421930419*3321916818*89218*4871806817*59217*5651775818*141

2M4

35862373193935439,86840,3834086141*42042,01642,5214302743*65744*28844,9164567246*10346*4954678647*00147,1944737947*44047,33747192471404708447*0134699446*9584691247*00147,1944772148*.0644847348,9365048251,74953,05154302558525756159>00613796347065*.5286769269*,7337173573,6737565177,33878595799438120882*,4438250182*80083il048344183*76283,7118345482.977

45-64

21076229332582326,24926,7182719627*67128,13828,6302906429*49829,93130,4053084931*36231,8843239432,94233,5063405734*59135,109356633620336*72237*2553778238*3383891639*53440,1934084641*.43741,99942,4824289843,23543,5224380144,0084415044*286443904450444*.5004446244,4744454744,6024466044,85445,471458824629246,7564833949*57650,8845223453*71255,4445726759.230

65 andover

6474736387649,0319,28895849,86710,14710,49410828Il!l8511,53811,9211239712*,80313,20313,61714,07614,5251493815*38815,806162481667517*08917,4571777818*1271845118,75519,0711936519].68020,10720,5612102021,52522,06122,69623,2782389224,50225,1342570726*,2212678727,36127,87828,4162900829,62630,1243068231,23931,7773229432]81233,2093361833*,95534,1983440134.578

Note.—includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.All estimates are consistent with decennial census enumerations.Source: Department of Commerce, Bureau of the Census.

345


TABLE B-33.—Civilian population and labor force, 1929-99[Monthly data seasonally adjusted, except as noted]

Year or month

192919331939

19401941194219431944194519461947

19471948194919501951195219535

195419551956195719581959I9605

196119625

19631964196519661967196819691970197119725

19735

197419751976197719785

1979198019811982198319841985 . .. .19865

19871988198919905

1991 .1992199319945

19951996 .. .19975

1998 5

19995

Civiliannoninsti-tutionalpopula-tion1

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-agri-

cultural

Un-employ-

ment

Not inlaborforce

Thousands of persons 14 years of age and over

99,84099,90098,64094,64093,22094,090

103,070106,018

49,18051,59055,230

55,64055,91056,41055,54054,630

53,86057,52060,168

47,63038,76045,750

47,52050,35053,75054,47053,96052,82055,25057,812

10,45010,0909,6109,5409,1009,2509,0808,950

8,5808,3208,256

37,18028,67036,140

37,98041,25044,50045,39045,010

44,24046,93049,557

1,55012,8309,480

8,1205,5602,6601,070

6701,0402,2702356

44,20043,99042,23039,10038,590

40,23045,55045,850


101,827103,068103,994104,995104,621105,231107,056108,321109,683110,954112,265113,727115,329

117,245118,771120,153122,416124,485126,513128,058129,874132,028134,335137,085140,216144,126147,096150,120153,153156,150159,033161,910164,863

167,745170,130172,271174,215176,383178,206180,587182,753184,613186,393189,164190,925192,805194,838196,814198,584200,591203,133205,220207,753

59,35060,62161,286

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

69,62870,45970,61471,83373,09174,45575,77077,34778,73780,73482,77184,38287,03489,42991,94993,77596,15899,009

102,251104,962

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

125,840126,346128,105129,200131,056132,304133,943136,297137,673139,368

57,03858,34357,651

58,91859,96160,2506117960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526

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

118,793117,718118,492120,259123,060124,900126,708129,558131,463133,488

7,8907,6297,658

7,1606,7266,5006,2606,2056,4506,2835,9475,5865,5655,4585,2004,9444,6874,5234,3613,9793,8443,8173,6063,4633,3943,4843,4703,5153,4083,3313,2833,3873,347

3,3643,3683,4013,3833,3213,1793,1633,2083,1693,1993,2233,2693,2473,1153,4093,4403,4433,3993,3783,281

49,14850,71449,993

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

60,31860,54661,75963,07664,78266,72668,91570,52772,10374,29675,21575,97278,66981,59483.27982,43885,42188,73492,66195,477

95,93897,03096,12597,450

101,685103,971106,434109,232111,800114,142

115,570114,449115,245117,144119,651121,460123,264126,159128,085130,207

2,3112,2763,637

3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,85247143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,273

10,67810,7178,5398,3128,2377,4256,7016,5287,0478,6289,6138,9407,9967,4047,2366,7396,2105,880

42,47742,44742,70842,78742,60443,09344,04144,67844,66044,40245,33646,08846,96047,61748,31249,53950,58351,39452,05852,28852,52753,29153,602

54,31555,83457,09157,66758,17159,37759,99160,02559,65959,900

60,80661,46062,06762,66562,83962,74462,75262,88862,94462,52363,32464,57864,70065,63865,75866,28066,64766,83767,54768,385

Civil-ian

laborforcepar-tici-

pationrate2

Civil-ianem-ploy-ment/pop-ula-tion

ratio3

Unem-ploy-mentrate,civil-ian

work-ers4

Percent

55.756.057.258.758.657.255.856.8

58.358.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.566.266.466.366.666.666.867.167.167.1

47.650.454.557.657.956.153.654.5

56.056.655.456.157.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.861.761.561.762.562.963.263.864.164.3

3.224.917.214.69.94.71.91.21.93.93.9

3.93.85.95.33.33.02.95.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.66.87.56.96.15.65.44.94.54.2

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

346


TABLE B-33.—Civilian population and labor force, 1929-99—Continued[Monthly data seasonally adjusted, except as noted]

Year or month

1996:JanFebMarAprMayJuneJuly .Aug : ':::::.;: :: ::::.SeptOCT. ::NovDec

1997- J an 5

Feb .MarAprM a y . . . .JuneJulyAug .":::::.'":": :::: ;:SeptOct .NovDec .

1998- Jan 5

Feb .MarApr .MayJuneJulyAug :.: : :Sept :. ::. : :::OctNovDec

1999.-Jan5

FebMarAprMayJuneJulyAugSeptOctNovDec

Civiliannoninsti-tutionalpopula-

tion^

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-

cultural

Un-employ-

ment

Not inlaborforce


199,634199,773199,921200,101200,278200,459200,641200,847201,061201,273201,463201,636202,285202,389202,513202,674202,832203,000203,166203,364203,570203,767203,941204,098204,238204,400204,547204,731204,899205,085205,270205,479205,699205,919206,104206,270206,719206,873207,036207,236207,427207,632207,828208,038208,265208,483208,666208.832

132,668133,002133,198133,403133,674133,690134,265134,043134,486134,881134,953135,071135,576135,496135,958136,043136,061136,218136,421136,590136,612136,547136,860137,097137,225137,263137,333137,216137,329137,449137,476137,565138,156138,189138,230138,545139,232139,137138,804139,086139,013139,332139,336139,372139,475139,697139,834140.108

125,152125,672125,875126,002126,229126,598126,942127,172127,513127,863127,732127,831128,387128,350128,922129,191129,383129,417129,812129,987129,982130,121130,577130,646130,819130,911130,854131,255131,278131,234131,274131,381131,922131,950132,156132,517133,225133,029132,976133,054133,190133,398133,399133,530133,650133,940134,098134.420

3,4863,5553,4903,3963,4763,4183,4343,4023,4483,4653,3533,4313,4593,3583,4223,4683,4343,3983,4213,3593,4003,3093,3753,3953,33433543,1803,3413,3473,3453,4083,4983,4993,5853,3403,2413,2973,3283,2903,3413,2903,3303,2783,2343,1793,2383,3103.279

121,666122,117122,385122,606122,753123,180123,508123,770124,065124,398124,379124,400124,928124,992125,500125,723125,949126,019126,391126,628126,582126,812127,202127,251127,485127,557127,674127,914127,931127,889127,866127,883128,423128,365128,816129,276129,928129,701129,686129,713129,900130,068130,121130,296130,471130,702130,788131.141

7,5167,3307,3237,4017,4457,0927,3236,8716,9737,0187,2217,2407,1897,1467,0366,8526,6786,8016,609•6,6036,6306,4266,2836,4516,4066,3526,4795,9616,0516,2156,2026,1846,2346,2396,0746,0286,0076,1085,8286,0325,8235,9345,9375,8425,825i$5.688

66,96666,77166,72366,69866,60466,76966,37666,80466,57566,39266,51066,56566,70966,89366,55566,63166,77166,78266,74566,77466,95867,22067,08167,00167,01367,13767,21467,51567,57067,63667,79467,91467,54367,73067,87467,72567,48767,73668,23268,15068,41468,30068,49268,66668,79068,78668,83268.724

Civil-ian

laborforce

ffipationrate*

Civil-ianem-ploy-ment/pop-ula-tion

ratio3

Unem-ploy-mentrate,civil-ian

work-ers4

Percent

66.566.666.666.766.766.766.966.766.967.067.067.067.066.967.167.167.167.167.167.267.167.067.167.267.267.267.167.067.067.067.066.967.267.167.167.267.467.367.067.167.067.167.067.067.067.067.067.1

62.762.963.063.063.063.263.363.363.463.563.463.463.563.463.763.763.863.863.963.963.963.964.064.064.164.064.064.164.164.064.063.964.164.164.164.264.464.364.264.264.264.264.264.264.264.264.364.4

5.75.55.55.55.65.35.55.15.25.25.45.45.35.35.25.04.95.04.84.84.94.74.64.74.74.64.74.34.44.54.54.54.54.54.44.44.34.44.24.34.24.34.34.24.24.14.14.1

5 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 census dataadded about 600,000 to population and 350,000 to labor force, total employment, and agricultural employment. Beginning 1960, inclusion ofAlaska and Hawaii added about 500,000 to population, 300,000 to labor force, and 240,000 to nonagricultural employment. Beginning 1962,introduction of 1960 census data reduced population by about 50,000 and labor force and employment by 200,000. Beginning 1972, introduc-tion of 1970 census data added about 800,000 to civilian noninstitutional population and 333,000 to labor force and employment. A subse-quent adjustment based on 1970 census in March 1973 added 60,000 to labor force and to employment. Beginning 197$, changes in sam-pling and estimation procedures introduced into the household survey added about 250,000 to labor force and to employment. Unemploymentlevels and rates were not significantly affected. Beginning 1986, the introduction of revised population controls added about 400,000 to thecivilian population and labor force and 350,000 to civilian employment. Unemployment levels and rates were not significantly affected.

Beginning 1990, the introduction of 1990 census-based population controls, adjusted for the estimated undercount, added about 1.1 mil-lion to the civilian population and labor force, 880,000 to civilian employment, ana 175,000 to unemployment. The overall unemployment raterose by about 0.1 percentage point.

Beginning 1994, data are not strictly comparable with earlier data because of the introduction of a major redesign of the Current Popu-lation Survey and collection methodology.

Beginning 1997, 1998, and 1999 data are not strictly comparable due to the introduction of revised population controls. See Februaryissues Employment and Earnings for details on the effects. Also, for 1998, data reflect the introduction of a new composite estimation proce-dure for the Current Population Survey.

Note.—labor force data in Tables B-33 through B-42 are based on household interviews and relate to the calendar week including the12th of the month. For definitions of terms, area samples used, historical comparability of the data, comparability with other series, etc., see"Employment and Earnings."

Source: Department of Labor, Bureau of Labor Statistics.

347


TABLE B—34.—Civilian employment ami unemployment by sex and age, 1950—99[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]

Year or month

195019511952 .:::::::;.;.::::::19531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978 .1979198019811982 " ! '198319841985198619871988198919901991199219931994199519961997199819991998- Jan .

FebMarAprMayJuneJulyAugsept :::::::OctNovDec

1999: JanFebMar

&y'T.I"JuneJuly .Aug ...SeptOctNovDec

Civilian employment

Total

58,91859,96160,25061,17960,10962,17063,79964,07163,03664!63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,150109,597112,440114,968117,342118,793117,718118,492120,259123,060124,900126,708129,558131,463133,488130,819130,911130,854131,255131,278131,234131,274131,381131,922131,950132,156132,517133,225133,029132,976133,054133,190133,398133,399133,530133,650133,940134,098134.420

Males

Total

41,57841,78041,68242,43041,61942,62143,37943,35742,42343,46643,90443,65644,17744,65745,47446,34046,91947,47948,11448,81848,99049,39050,89652,34953,02451,85753,13854,72856,47957,60757,18657,39756,27156,78759,09159,89160,89262,10763,27364,31565,10464,22364,44065,34966,45067,37768,20769,68570,69371,44670,33870,36270,23970,69070,59870,61270,64570,57570,86571,00071,20171,17371,36871,23071,26971,20871,20771,33071,43771,43671,63071,62371,73271.927

16-19years

2,1862,1562,1072,1361,9852,0952,1642,1152,0122,1982,3612,3152,3622,4062,5872,9183,2533,1863,2553,4303,4093,4783,7654,0394,1033,8393,9474,1744,3364,3004,0853,8153,3793,3003,3223,3283,3233,3813,4923,4773,4273,0442,9442,9943,1563,2923,3103,4013,5583,6853,5163,4853,5313,5443,4613,5983,5583,5783,5983,5443,6283,6453,5973,7033,6413,6463,7373,6853,7343,6683,6873,7253,6953.730

20yearsandover

39,39439,62639,57840,29639,63440,52641,21641,23940,41141,26741,54341,34241,8154225142,88643,42243,66844,29444,85945i38845,58145,91247,13048,31048,92248,01849,19050,55552,14353,30853,10153,58252,89153,48755,76956,56257,56958,72659,78160,83761,67861,17861,49662,35563,29464,08564,89766,28467,13567,76166,82266,87766,70867,14667,13767,01467,08766,99767,26767,45667,57367,52867,77167,52767,62867,56267,47067,64567,70367,76867,94367,89868,03768.197

Females

Total

17,34018,18118,56818,74918,49019,55120,41920,71420,61321,16421,87422,09022,52523,10523,83124,74825,97626,89327,80729,08429,68829,97631,25732,71533,76933,98935,61537,28939,56941,21742,11743,00043,25644,04745,91547,25948,70650,33451,69653,02753,689a&54,91056,61057,52358,50159,87360,77162,04260,48160,54960,61560,56560,68060,62260,62960,80661,05760,95060,95561,34461,85761,79961,70761,84661,98362,06861,96262,09462,02062,31762,3666?.493

16-19years

1,5171,6111,6121,5841,4901,5471,6541,6631,5701,6401,7681,7931,8331,8491,9292,1182,4682,4962,5262,6872,7352,7302,9803,2313,3453,2633,3893,5143,7343,7833,6253,4113,1703,0433,1223,1053,1493,2603,3133,2823,1542,8622,7242,8113,0053,1273,1903,2603,4933,4873,5203,4853,4743,4563,4853,4923,4693,4873,5743,4913,4173,5683,4843,5383,4913,5103,5003,4213,4853,4463,3903,5173,5283.535

20yearsandover

15,82416,57016,95817,16417,00018,00218,76719,05219,04319,52420,10520,29620,69321,25721,90322,63023,51024,39725,28126,39726,95227,24628,27629,48430,42430,72632,22633,77535,83637,43438,49239,59040,08641,00442,79344,15445,55647,07448,38349,74550,53550,63451,32852,09953,60654,39655,31156,61357,27858,55556,96157,06457,14157,10957,19557,13057,16057,31957,48357,45957,53857,77658,37358,26158,21658,33658,48358,64758,47758,64858,63058.80C58,83858.958

Unemployment

Total

3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,786

Iff2,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5287,0478,6289,6138,9407,9967,4047,2366,7396,2105,8806,4066,35264795,9616,0516,2156,2026,1846,2346,2396,0746,0286,0076,1085,8286,0325,8235,9345,9375,8425,825575757365.688

Males

Total

2,23912211,1851,2022,3441,85417111,8413,0982,4202,4862,9972,4232,4722,2051,9141,5511,5081,4191,4032,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,7444,5214,5304,1013,6553i5253,9064,9465,5235,0554,367

3|5773,2663,0663,3283,3313,4263,0663,1793,2623,3603,2253,3423,22331543,2093,1383,2322,9493,0623,1113,0843,0613,0633,0133,0572,9963.003

16-19years

318191205184310274269300416398426479408501487479432448426440599693711653757966939874813811913962

1,0901,003812806779732667658667751806768740744733694

65970968658767968569368674071269869370764864363266?i597591628616645671

20yearsandover

1,9221,029980

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

1,6382,0971,9481,6241,9573,4763,0982,7942,3282,3083,3533,6155,0895,2573,9323,7153,7513,3692,9872,8673,2394,1954,7174,2873,6273,2393,1462,8822,5802,4332,6692,6222,7402,4792,5002,5772,6672,5392,6022,5112,4562,5162,4312,5842,3062,4302,5082,4712,4642,4722,3852,4412,3512.33?

Females

Total

1,049834698632

1,188998

1,0391,0181,5041,3201,3661,7171,4881,5981,5811,4521,3241,4681,3971,4291,8552,2272,2222,0892,4413,4863,3693,3243,0613,0183,3703,6964,4994,4573,7943,7913,7073,3243,0463,0033,1403,6834,0903,8853,6293,4213,3563,1622,9442,8143,0783,0213,0532,8952,8722,9532,8422,9592,8923,0162,9202,8192,8692,8762,8792,9702,7122,8502,8762,7792,8122,7002,7402.685

16-19years

195145140123191176209197262256286349313383385395405391412413506568598583665802780789769743755800886825687661675616558536544608621597580602573577519529472

ffi501515555506551516592523477551546541541487509501523582545526489

20yearsandover

854689559510997823832821

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

1,078985

1,0151,3491,6581,6251,5071,7772,6842,5882,5352,2922,2762,6152,8953,6133,6323,1073,1293,0322,7092,4872,4672,5963,0743,4693,2883,0492,8192,7832,5852,4242,2852,6062,5302,5212,3942,3572,3982,3362,4082,3762,4242,3972,3422,3182,3302,3382,4292,2252,3412,3752,2562,2302,1552,2142.196

Note.—See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

348


TABLE B-35.—Civilian employment by demographic characteristic, 1955-99[Thousands of persons 16 years of age and oven monthly data seasonally adjusted]

Year ormonth

195519561957 ... " "19581959

196019611962 ... .' ".19631964 ... " "196519661967 "1968 ... .""1969197019711972 ... ".'.'.'.1973197419751976 .1977 ... .::::1978197919801981 ... Z1982198319841985198619871988198919901991199219931994199519961997199819991998: Jan ..

FebMar

Jay"JuneJulyAugSeptOct..NovDec

1999: Jan ..FebMar

itJuneJulyAugSeptOct..NovDec

Allnilcivilianworkers

62,1706379964*07163,03664,6306577865*746667026776269*3057108872*8957437275]92077,9027867879*36782,*15385,06486,79485,84688,75292,01796,04898,82499,303

100,397

105*005107,150109,597112,440114,968117,342118,793117,718118,492120,259123,060124,900126,708129,558131,463133,488130,819130,911130,854131,255131,278131,234131,274131,381131,922131,950132,156132,517133,225133,029132,976133,054133,190133,398133,399133,530133,650133,940134098134,420

Total

558335726957*46556,61358,0065885058*91359*69860,622

63*44665*02166*36167*75069,5187021770*87873*3707570877,18476,41178,85381,70084,93687,25987,71588,709m92,12093,73695,660m101,584

102,261101,182101,669103,045105,190106,490107,808109,856110,931112,235110,567110,616110,478110,813110,902110,645110,766110,920111,350111,245111,387111,539111,978112,017112,030111,886111,898112,115112,193112,308112303112,548112,611112,951

Whi

Males

38,7193936839*34938,59139,4943975539*58840!0164042841*1154184442*33142*83343*.41144,0484417844*59545*94447,08547,67446,6974777549,15050,54451,45251,12751,31550,28750,62152,46253,0465378554,64755,55056*35256,7035579755,95956,65657,452m.59,99860,60461,13960,34860,40960,25560,58660,52860,48360,5446059160,728

61*00960',95960,94660,95961*075

6105361,20761,19361,32261,30161,29461,436

te

Fe-males

17,1141790118*11618,02218,512190951932519,6822019420!807216022269023*52824,33925,470260392628327*42628,62329,51129,71431,07832,55034,39235,80736,58737,39437,61538,27239,65940,69041,87643,14244,26245,23245,55845,385

&47,73848,34448,92049,85950,32751,09650,21950,20750,22350,22750,37450,16250,22250,32950,62250,41350,37850,58051,03251,0585095550,89351,00651,06250,98651,11550,98151,24751,31751,515

Bothsexes16-19

3,22533893*3743,2163,475370036933*77438514*,076456251765*1145,1955,50855715*6706,*1736,6236,7966,4876,7247068m7,0216588

885,8365,7685,792

5*9465,7795,2164,9855,113

5*6675*8076,0896,2046,11160466,0886,0026,0496,0616,0886,1136,191

6*0706,1676,1306,2186,1546,1676,2596,1136,2386,1616,1916,3026,2716244

Total

6,34165346*6046,4236,62369286*8337,*00371407*38376437*8778*0118,1698,38484648*488

889,610m

10,31711,11211,56511,5881168811,62411,94112,88513,4141393714,65215,15615,757

16*53616!82317,21417,87018,40918,90019,70120,5322li25320,24520,29520,40520,407

!';!20,596m20,95521,253m21,12521,23021,26421,14321,27021,37821,42121,51921,433

Black ar

Males

3,90440134*0063,8333,971414940684,160422943594,496

4*6464*7024,770481347964,*9525,2655,3525,16153635,579

KB6,0596*083

tt6,6296,8457,1077,4597,7227,9638,40184268,4828,6938,9989,2319,3199*687

10,08910,3079,9719,936

1000010,09510,02210,14210,08010,06310,13310,19010*21710,23010,40610,26210,21510,19810,26110,27810,17510,30210,29710,34210,45610,499

d other

Fe-males

2,43725212*5982,5902,652277927652*84329113!02431473*2893*3653,4673,614365036923*83240924,2584,2754,53647395,1775,4095,5295,6065,6415,7756,256

7*1927,4347*7958,1318,1108,3428,5218,872m

10,01410,44310,94510,27410,35910,40510,31210,30910,44310,41010,47910,463m10,72510,84710,76010,76210,92710,96910*98610,96810,96811,08111,0791106310,934

Bothsexes16-19

418430407

362430414420404440474545568584609574538573647

8611619703727689637

8607666681742774813801690684691763

8853962968926914

9061,024

949999

9951,049

9681,001

998979984972958

90581,016

Total

7,8028,128

H88,227

(89,3599,3139,3559,1899,375

10,11910,50110,81411,30911,65811,95312,17512,07412,15112,38212,83513,27913,54213,96914,55615,05614,26914,36614,48414,46314,32614,63614,52614,55314,55114,79314,79914,89415,05614,92414,92515,01115,05315,06914,96215,04715,11415,12415,18715,204

Bla<

Males

4,3684,5274,5274,2754,4044,5654,7964,9234,7984,7944,63747535,1245,2705,4285,6615,8245,9285,9955,9615,9306,0476,2416,4226,4566,6076,8717,0276,7516,7356,8276,8836,8046*9506,8736,8456,8816,9866,9496,9627,114m6,9827,0387,0156,9227,0187,0167,0307,0767,127

:k

Fe-males

3,4333,6013,6773,6183,8233,9754,3074,4364,5154,5614,5524,62249955,2315,3865,6485,8346,0256,1806,1136,2216,3346,595m7,3627,6858,0297,5187,6317,6577,5807,5227,6867,6537,7087,6707,8077,8507,9327,9427,9227,9408,0298,0158,0548,0408,0298,0988,0948,1118,077

Bothsexes16-19

509570

8508508571579547505428416474532536587601625598494492494552586613631736691677664707749676821727736769

768801724720705

8704682660659

732Note.-See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

349


TABLE B-36.—Unemployment by demographic characteristic, 1955-99[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]

Year ormonth

19551956 .195719581959I96019611962196319641965196619671968196919701971197219731974197519761977 . .1978197919801981198219831984198519861987198819891990199119921993199419951996 . . .199719981999

1998: JanFebMar

lflay"ZJuneJulyAugSeptOctNovDec

1999:JanFebMar

& ::::JuneJulyAug

ff-NovDec

Allcivilianworkers

2,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,23774256,7016,5287,0478,6289,6138,9407,9967,4047,2366,7396!2105,8806,4066,3526,4795,9616,0516,2156,2026,1846,2346,2396,0746,0286,0076,1085,8286,0325,8235i9345,9375,8425,82557575,7365,688

White

Total

2,2522,1592,2893,6802,9463,0653,7433,0523,2082,9992,6912,2552,3382,2262,2603,3394,0853,9063,4424,0976,4215,9145,4414,6984,6645,8846,3438,2418,1286,3726,1916,1405,5014,9444,7705,1866,5607,1696,6555,8925,4595,3004,83644844,2734,5494,5614,6914,2684,3654,5054,3954,5124,5134,5514,3864,4414,3784,4384,2074,4584,2954,4034,2994,3114,1924,1064,0924,057

Males

1,4781,3661,4772,4891,9031,9882,3981,9151,9761,7791,5561,2411,2081,1421,1371,8572,3092,1731,8362,1693,6273,2582,8832,4112,4053,3453,5804,8464,8593,6003,4263,4333,1322,7662,6362,9353,8594,2093,8283,2752,9992,8962,6412i4312,2742,4562,4632,5672,2652,3732,4462,4302,4132,5092,4382,344214112,3412,4222,2002,2742,3182,3252,2762,3722,20921742,1672,163

Fe-males

774793812

1,1911,0431,0771,34511371,2321,2201,1351,0141,1301,0841,1231,4821,7771,7331,6061,9272,7942,6562,5582,2872,2602,5402,7623,3953,2702,7722,7652,7082,3692,1772,1352,2512,7012,9592,8272,6172,4602,4042,1952,0531,9992,0932,0982,1242,0031,9922,0591,9652,0992,00421132,0422,0302,0372,0162,0072,1841,9772,0782,0231,939

19251,894

Bothsexes16-19

373382401541525575669580708708705651635644660871

1,0111,021955

1,1041,4131,3641,2841,1891,1931,2911,3741,5341,3871,1161,0741,070995910863903

1,0291,037992960

939912876844796866899809858929

8887950895874892851841852807834803813870842857864

Black and other

Total

601591570923793788971861863787678622638590571754930977924

1,0581,5071,4921,5501,5051,4731,7521,9302,4372,5882,1672,1212,0971,9241,7571,7571,8602,0682,4442,2852,1041,9451,9361,9031,7261,6061,8151,7791,7891,6981,7051,7091,80116901,7511,6991,6821,5661,573

ifi1,590

ig1,6511,550

Hi1,6331,622

Males

376345364610517498599509&360310300277267380481486440544815779784731714922997

1,3341,4011,1441,0951,097969888889971

1,0871,31412271,092984984935835792878859853794789818918834848812814780796793743781771761787713814904826831

Fe-males

225246206313276290372352367361318312338313304374450491484514692713766774759830933

1,1041,1871,0221,026999955869868889981

1,1301,0581,011961952967891814937920936904916891883856903887868786777857880809774771864837840750807791

Bothsexes16-19

779596138128138159142176165171186203194193235249288280318355355379394362377388443441384394383353316331308

390373360

%359329318

328326283343301347331378351332299358340352323292281282300345317319300

Black

Total

906846965

1,3691,3341,3931,3301,3191,5531,7312,1422,2721,9141,8641,8401,6841,5471,5441,5651,7232,0111,8441,666

15601,4261,3091,4951,4791,4681,4441,4201,3971,5121,4191,4251,3811,3861,2611,2811,3261,30612771,2371,2391,4041,2741,3601,3651,3211,309

Males

448395494741698698641636815891

1,1671,2131,003951946826771773806890

1,067971848762808747671626707699676

III640763681666648665601611629588595599583650576648735649644

Fe-males

458451470629637695690683738840975

1,059911913894858776772758833944872818777784813756684788780792787799757749738

721660670697718682638656754698712630672665

Bothsexes16-19

279262297330330354360333343357396392353357347312288300

313300325310302281268283284276258291255296287

i§E291242295281302263234232251258294

8248

Note.—See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

350


TABLE B—37.—Civilian labor force participation rate and employment/population ratio, 1950—99[Percent;1 monthly data seasonally adjusted]

Year or month

1950 . .195119521953 . .195419551956 .195719581959 .I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 . .19831984".19851986 .19871988..:198919901991199219931994199519961997199819991998-Jan

Feb . . ..MarAprHayJuneJulyAugsept':....:.::..:::...:::OctNovDec

1999: Jan .FebMarApr .::.:'":..'"::."::MayJune ':::":::::":;":JulyAugsept"....:::...::::..::::OctNOV ::...:::.:.::::::"::Dec

Labor force participation rate

Allcivilianwork-ers

59.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.566.266.466.366.666.666.867.167.167.167.267.267.167.067.067.067.066.967.267.167.167.267.467.367.067.167.067.167.067.067.067.067.067.1

Males

86.486.386.386.085.585.485.584.884.283.783.382.982.081.481.080.780.480.480.179.879.779.178.978.878.777.977.577.777.977.877.477.076.676.476.476.376.376.276.276.476.475.875.875.475.175.074.975.074.974.775.074.974.974.974.874.974.974.675.074.974.974.975.175.074.774.774.674.774.774.674.774.674.674.7

Fe-males

33.934.634.734.434.635.736.936.937.137.137.7

ft8*39.340.341.141.642.743.343.443.944.745.746.347.348.450.050.951.552.152.652.953.654.555.356.056.657.457.557.457.857.958.858.959.359.859.860.060.059.960.059.759.859.859.659.859.959.959.860.060.260.160.060.160.060.160.060.059.960.060.060.0

Bothsexes16-19years

51.852.251.350.248.348.950.949.647.446.747.546.946.145.244.545.748.248.448.349.449.949.751.953.754.854.054.556.057.857.956.755.454.1

54:554.754.755.355.953.751.651.351.552.7

5L652.852.052.952.953.052.052.253.252.452.9

8ilii52.4

52:051.951.451.851.251.5

1!52.3

White

58.258.759.459.158.958.758.8

81K58.458.759.259.359.960.260.160.460.861.461.561.862.563.363.964.164.364.364.364.66eti8166.766.966.666.866.867.167.167.267.567.367.367.467.467.367.267.367.267.167.267.467.367.367.467.567.567.367.467.267.467.367.367.267.267.267.3

Blackand

other

64.064.264.964.464.864.364.5

Sili

If61.860.960.260.560.359.659.860.462.262.261.761.361.662.162.6

8*Si64.764.463.864.663.863.964.364.665.266.065.966.065.966.265.865.566.266.065.765.966.066.166.166.5

Si8f65.865.765.666.166.166.265.9

Black

"59.960.259.858.859.059.861.561.461.060.861.061.562.2

8im64.264.063.363.963.263.463.764.164.765.665.8

65:865.564.8

8i65.4

8i66.065.866.265.865.665.865.765.765.865.566.066.066.065.9

Employment/population ratio

Allcivilianwork-ers

56.157.357.357.155.556.757.557.155.456.056.155.455.5

8$8i57.3

Si57.456.657.057.8

Si56.857.959.359.9

5?:s57.959.5

»Si63.062.861.761.561.762.562.963.263.864.164.364.164.064.064.164.164.064.063.9

Si8164.4

SiSiSi64.264.264.264.364.4

Males

82.084.083.983.681.081.882.381.378.579.378.977.677.777.177.377.577.978.077.877.676.274.975.075.574.971.772.072.873.873.872.071.369.068.870.770.971.071.572.072.572.070.469.870.070.470.870.971.371.671.671.671.671.471.871.671.571.571.471.671.671.871.771.971.771.771.671.571.671.671.571.671.671.671.7

Fe-males

32.0

33332.534.035.135.134.535.035.535.435.635.836.337.138.339.039.640.740.840.441.042.042.642.043.244.546.447.547.748.047.748.049.550.451.452.553.454.354.353.753.854.155.355.656.056.857.157.457.157.157.157.057.157.056.957.057.257.157.057.457.557.457.357.457.557.557.357.457.357.557.557.6

Bothsexes16-19years

45.547.946.946.442.343.545.343.939.939.940.539.139.437.437.3

1!:?42.242.243.442.341.343.545.946.043.344.246.148.348.546.644.641.541.543.744.444.645.546.847.545.342.041.041.743.444.243.543.445.144.745.645.145.245.044.545.344.845.045.744.644.745.544.545.444.644.745.144.444.944.344.044.944.845.1

White

55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.5

If:!Hi56.7

Si60.060.660.060.058.858.960.561.061.562.363.163.863.762.662.462.763.563.864.164.664.764.864.764.764.664.764.864.664.664.664.864.764.764.865.064.964.964.864.764.864.864.864.864.864.865.0

Blackand

other

58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.1

8i51.452.052.554.755.253.652.650.951.053.654.755.456.857.458.257.956.756.456.357.258.158.659.460.961.360.660.660.960.860.461.160.760.760.861.061.261.561.961.160.961.261.461.460.961.261.461.461.661.2

Black

"W54.553.550.150.851.453.653.852.351.349.449.552.353.454.155.6

IB56.755.454.955.056.157.157.458.259.760.659.059.359.759.558.960.159.659.659.560.460.360.661.060.460.460.660.760.760.260.460.660.560.760.7

1 Civilian labor force or civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

351


TABLE B-38.—Civilian labor force participation rate by demographic characteristic, 1955-99[Percent;1 monthly data seasonally adjusted]

Year ormonth

195519561957 i...i195819591960 . .196119621963196419651966 .. ..196719681969197019711972 ..LI.!

1972197319741975 .:;::..::::.;19761977197819791980198119821983 ...LI.19841985198619871988198919901991199219931994199519961997199819991998Jan

FebMar ....

fc:June ...July ....

fcNov ....Dec ....

1999-. JanFebMar ....

Jay'IJune ...July ....Aug ....Sept ...OctNovDec

Allcivil-ian

work-ers

59.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.4

60.460.861.361.261.662.363.263.763.863.964.064.0

65.365.665.966.566.566.266.466.366.666.666.867.167.167.167.267.267.167.067.067.067.066.967.267.167.167.267.467.367.067.167.067.167.067.067.067.067.067.1

White

Total

58.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.4

60.460.861.461.561.862.563.363.964.164.364.364.364.665.065.5

66766.966.666.866.867.167.167.267.567.367.367.467.467.367.267.367.267.167.267.467.367.367.467.567.567.367.467.267.467.367.367.267.267.267.3

Males

Total

85.485.684.884.383.883.483.082.181.581.180.880.680.680.480.280.079.679.6

79.679.479.478.778.478.578.678.678.277.977.477.177.177.076.976.876.977.177.176.576.576.275.975.775.875.975.675.675.775.775.675.675.675.575.575.575.775.775.775.775.775.875.675.575.475.575.675.675.575.475.375.4

16-19years

58.660.459.256.555.955.954.553.853.152.754.155.9

IB56.857.557.960.1

60.162.062.961.962.364.065.064.863.762.460.059.459.059.759.359.060.061.059.657.356.956.657.758.557.156.156.656.456.956.857.655.955.856.755.856.6

H56.956.756.356.555.655.857.156.256.5

to56.856.857.0

20yearsandover

87.587.686.986.686.386.085.784.984.484.283.983.683.583.283.082.882.382.0

82.081.681.480.780.380.280.180.179.879.579.278.978.778.578.578.478.378.578.578.078.077.777.377.177.377.577.277.277.277.377.177.277.277.177.277.177.377.377.377.377.477.477.377.277.077.277.277.377.177.076.977.0

Females

Total

34.535.735.735.836.036.536.936.737.237.538.139.240.140.741.842.642.643.2

43.244.145.245.946.948.049.450.551.251.952.452.753.354.155.055.756.457.257.457.457.758.058.959.059.159.559.459.659659.559.559.459.559.3

ti59.659.559.359.559.759.759.659.659.559.659.459.459.359.559.559.7

16-19years

40.743.142.240.139.640.340.639.838.7

to42.642.543.044.645.645.448.1

48.150.151.751.552.854.556.757.456.255.455.054.555.455.256.356.557.257.155.354.152.553.555.155.554.7

to54.555655.555.654.255.555.655.155.756.555.854.055.354.955.455.055.054.253.054.053.754.255.455.154.6

20

Wover

34.035.135.235.535.636.236.636.537.037.538.038.839.840.441.542.242.342.7

42.743.544.445.346.247.348.749.850.651.552.252.553.154.054.955.656.357.257.657.658.158.359.259.259.459.959.759.959.959.859.859.859.859.659.559.759.859.759.759.860.160.059.960.059.960.159.859.959.759.859.960.1

Black and other or black

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Black and other

64.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.2

85.185.184.284.183.483.082.280.880.280.179.679.078.577.776.976.574.973.9

60.861.558.857.355.557.655.853.551.549.951.351.451.149.749.647.444.746.0

87.887.887.087.186.786.2

to83.984.183.783.382.982.281.481.480.078.6

46.147.347.148.047.748.248.348.048.148.648.649.449.549.349.849.549.248.8

32.7

3L928.232.932.833.132.631.729.5

to34.834.634.131.232.3

47.548.448.649.849.849.950.149.649.950.751.151.651.651.452.051.851.851.2

Black

59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.8

8ito63.963.263.463.764.164.765.665.8fiS?65.465.865.564.865.865.865.4

66.065.866.265.865.665.865.765.765.865.566.066.066.065.9

73.673.472.970.970.070.671.571.370.370.070.170.670.870.871.271.171.071.071.070.470.769.669.169.068.768.369.068.768868.569.069.368.169.569.968.768.869.569.268.669.968.968.368.368.768.267.968.0

68i869.2

46.345.746.742.641.343.244.943.643.241.639.839.941.744.643.743.643.844.640.737.340.639.540.840.139.537.440.738.638.638.738.238.636.742.144.340.344.5

to41.642.640.741.237.737.336.536.835.437.639.736.840.9

78.578.477.676.075.475.676.276.375.174.574.775.274.874.474.874.774.674.475.074.674.373.272.572.572.372.272.572.472.572.172.873.072.072.973.072.371.873.172.372.073.372.471.772.072.672.171.772.072.372.972.872.6

48.749.349.048.849.850.853.153.153.153.553.754.255.2

58'.058.058.758.357.558.557.958.759.560.461.762.863.562.262.963.162.462.062.962.562.762.563.263.463.463.363.263.463.863.263.664.163.564.063.363.763.3

32.234.233.434.232.932.937.336.834.934.033.533.035.037.939.139.637.940.436.833.535.234.636.339.838.939.942.538.840.939.642.744.042.545.839.343.143.343.841.943.139.940.340.338.837.7

33:539.137.437.938.2

51.251.651.451.152.553.655.555.455.656.056.256.857.6

60!060.160.660.660.060.860.260.961.462.664.064.866.164.465.365.264.364.064.664.864.764.465.265.665.565.665.665.866.365.866.166.766.166.565.966.365.8

1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.-See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.

352


TABLE B-39.—Civilian employment/population ratio by demographic characteristic, 1955-99[Percent;1 monthly data seasonally adjusted]

Year or month

19561957195819591960 . .1961196219631964 .19651966196719681969197019711972

19721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819991998- Jan

FebMarAprMay...June : : I:IZ...:LJulyAugsept : :od ""..:.:: n:NovDec

1999- JanFebMarAprMay :::.:.:June . .JulyAug .SeptOctNovDec

Allcivil-

work-ers

56.757.557.155.456.0

55l555.455.756.256.957.357.558.057.456.657.0

57.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.861.761.561.762.5

Hi63.864.164.364 164.064.064.164.164.064.063.964.164.164.164.264.464.364.264.264.264.264.264.264.264.264.364.4

White

Total

56.5

8i55.355.955.955.355.455.355.556.056.857.257.458.057.556.857.4

57.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.7

62.'763.5

8!64.664.764.8M 764.764.664.764.8

SiSi64.764.764.865.064.964.964.864.764.864.864.864.864.864.865.0

Males

Total

82.282.781.879.279.979.478.278.477.777.877.978.378.478.378.276.875.776.0

76.076.5

ft73.474.175.075.173.472.870.670.472.172.372.372.773.273.773.371.671.171.471.872.072.372.772.772.87? 772.772.572.872.772.672.672.672.772.872.972.872.972.973.072.872.772.872.972.872.972.872.772.9

16-19years

52.054.152.447.648.148.145.946.444.745.047.150.150.250.351.149.649.251.5

51.554.354.450.651.554.456.355.753.451.347.047.449.149.949.649.951.752.651.047.246.446.648.349.448.248.148.649.349048.449.148.747.948.548.148.648.348.649.048.848.649.348.548.750.149.549.S48.949.450.049.649.4

20«over

84.785.084.181.882.882.481.481.581.181.381.581.781.781.681.480.179.079.0

79.079.278.675.776.0

Bf77.375.675.173.072.674.374.374.374.775.175.475.173.573.173.373.673.874.274.774.774.874774.774.474.874.874.674.774.674.774.874.974.875.074.975.074.974.574.774.874.874.S74.774.774.8

Females

Total

33.034.234.233.634.0

ft34.735.0

8f37.538.338.940.140.339.940.7

40.741.842.442.043.244.546.347.547.848.348.148.549.850.751.752.853.854.654.754.2

ffi55.8

ft57.057.157.357?57.157.157.157.256.957.057.157.357.157.057.257.457.557.357.257.357.357.257.357.157.357.457.6

16-19years

37.0

35.034.8

»34.832.9

If37.537.737.839.539.5

ffi

41.343.644.342.544.2

ft49.447.946.244.644.547.047.147.949.050.250.548.345.944.245.747.548.147.647.249.348.350649.949.648.449.749.049.549.350.648.747.649.348.649.148.848.648.446.748.147.847.8

tt48.7

20yearsandover

32.733.833.933.534.034.534.534.735.235.836.537.538.339.140.140.440.140.6

40.641.642.241.943.144.446.147.347.848.548.448.950.051.052.053.154.054.955.254.854.955.256.456.757.057.857.758.057757.757.757.757.857.557.557.657.857.757.757.858.158.157.957.857.9

fttt58.058.058.2

Black and other or black

Total

Mates

Total 16-19years

20yearsandover

Females

Total 16-19years

20Wover

Black and other

58.759.559.356.757.557.9

fH56.257.057.858.458.258.058.156.854.954.1

77.678.477.272.573.874.171.772.071.8

$74.0

73i372.870.9

ft

52.752.248.042.041.443.841.041.737.437.839.440.538.838.739.035.531.832.4

80.481.380.576.077.677.975.575.776.277.778.779.279.478.978.476.874.273.2

42.243.043.742.843.243.642.642.742.743.444.145.145.045.245.944.943.943.3

26.428.026.522.820.324.823.223.121.321.820.223.124.824.725.122.420.219.9

43.944.745.545.045.745.844.844.945.246.147.348.247.948.248.948.247.346.7

Black

53.754.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.755.454.955.056.157.157.458.259.760.6

59>59.558.960.159.659.659.560.460.360.661.060.460.460.660.760.760.260.460.660.560.760.7

66.867.5m60.661.4

8260.459.156.056.3a;8162.762.862.661.3

8i60.861.761.161.462.963.16??62.062.863.262.463.762.962.562.763.663.263.264.463.363.062.963.363.062.162.862.7

8i63.4

31.632.831.426.325.826.428.528.727.024.620.320.423.926.326.528.529.430.427.723.823.623.625.425.224.923.728.426.726725.627.628.824.632.231.028.230.126.129.930.128.428.027.825.726.926.025.524.926.225.725.429.6

73.073.771.966.566.867.569.169.165.864.561.461.664.164.665.166.467.167.067.165.964.364.365.066.165.566.167.167.566666.567.167.567.167.666.866.866.868.267.367.368.867.667.467.567.867.666.667.567.267.367.767.5

43.043.843.541.642.843.345.846.045.745.144.244.146.748.148.850.351.252.051.950.650.850.952.353.454.455.657.258.656.357.157.256.656.157.256.957.256.957.858.058.658.358.158.258.858.658.858.658.458.958.758.858.5

19.222.020.920.219.218.522.122.421.019.717.717.020.123.123.825.825.827.125.821.522.121.624.526.127.128.531.829.029.329.230.632.630.734.928.431.832.433.432.534.930.230.229.229.629.230.729.328.226.827.628.029.4

46.547.246.944.946.447.049.349.349.148.547.547.449.850.951.653.053.954.654.7

8f53.855.056.157.158.459.761.559.059.959.959.058.659.559.859.859.360.360.661.061.261.061.161.761.661.661.661.562.161.961.961.4

'Civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

353


TABLE B--40.—Civilian unemployment rate, 1950-99[Percent;1 monthly data seasonally adjusted]

Year or month

19501951 .. .19521953195419551956195719581959I9601961196219631964196519661967196819691970197119721973197419751976 . .19771978197919801981 ..!' '....!'19821983 ..198419851986 . . ..198719881989199019911992 ...1 ! !199319941995 .!"!..;!".I199619971998 "I!!!"'.!""1999 ...:......:....:1998:Jan

FebMarApr{fayJuneJulyAugSepttotNovDec

1999-. JanFebMar

ftlay ""IJuneJuly&NovDec

Allcivilianwork-ers

5.33.33.02.95.54.4414.36.85.55.5675.55.75.24.53.83.8U3.54.95.95.64.95.6857.77.16.1587.17.69.79.67.57.2706.25.55.35.66.87.56.96.15.65.44.94.54.24.74.64.74.34.44.54.54.54.54.54.44.44.34.44.24.34.24.3

tl4.24.14.14.1

Total

512.878?85.34.23.84.1685.25.4645.25.2464.03.231292.84.45.35.04.24.979

!i5.3516.97.4999.97.4706.96.25.55.25.77.27.97.26.25.65.44.94.44.14.54.54.74.24.34.44.54.44.54.34.24.34.24.34.04.14.24.14.14.14.04.14.04.0

Males

16-19

years

1?78.18979

13.511611.112.417.115.315.317114.717.215814.111.71?311611.415.016.615.913.915.6?0119.217.315.815918.320.124.423.319.619 s19.017.816.015.916.319.821.520.419.018.418.116.916.214.715.816.916.314.216.416.016.316.117.116.716.116.016.414.915.014.813.914.313.813.914.614.214.915.2

20

ffover

472.52.4?54.93.83.43.66?4.74.7574.64.5393.22.5?32 22.13.54.44.03.33.8685.95.24.3425.96.38.88.96.66?615.44.84.55.06.47.16.45.44.84.64.23.73.5

uH3.63.73.83.73.73.63.53.63.53.73.33.53.63.53.53.53.4y3.3

Total

574.436336.04.94.84.76.85.95.97.26.26.56.25.54.85.2484.75.96.96.66.06.7<n8.68.27?687.4799.4927.67.4716.25.65.45.56.47.06.66.05.65.45.04.64.34.84.84.84.64.54.64.54.64.54.74.64.44.44.44.54.64.24.44.44.34.3

34.1

Females

16-19

years

1148.3807?

11.410.211210.614.313.513.916.314.617.216615.714.113.514013.315.617.216.715.316.619718.718.317116417.219021.921318.017.617615.914.414.014.717.518.617.516.216.115.215.012.913.211.812.313.312.712.913.712.713.612.614.513.311.813.713.413.413.412.213.012.613.214.713.413.012.2

20yearsandover

514.03.2?9554.4424.16.15.25.16.35.45.45.24.53.84.2383.74.85.75.44.95.5807.47.060576.4688.3816.86.6625.44.94.74.95.76.35.95.44.94.84.44.13.84.44.24.24.04.04.03.94.04.04.04.03.93.83.83.94.03.73.83.9

83.53.63.6

Rnth

sexes16-19years

12.28.28.576

12.611.011111.615.914.614.716.814.717.216.214.812.812.912712.215.316.916.214.516.019919.017.816.416117.819.6

22 418.918.618316.915.315.015.518.720.119.017.617.316.716.014.613.913.814.714.813.514.714.914.614.914.915.614.814.015.114.214.214.113.113.613.213.514.613.814.013.8

White

4.93.12.877503.9363.8614.85.06.04.95.04.64.13.43.4323.14.55.45.14.35.0787.06.25.2516.36.78.6846.56.2605.34.74.54.86.16.66.15.34.94.74.23.93.74.04.0H3.83.93.83.93.93.93.83.83.83.83.63.83.73.83.73.73.63.53.53.5

Blackand

other

905.35.44.59.98.78.37.9

1?610.710.21?410.910.8968.17.37.4676.48.29.9

10.09.09.9

13813.113.111911313.114217.317814.413.713111.610.410.010.111.112.711.710.59.69.38.87.87.08.28.18.17.77.77.78.17.67.87,67.57.06.97.37.27.06.86.77.26.87.27.27.17.0

Black

"'10.49.4

10.514814.014.012.812314.315.618.919515.915.114513.011.711.411.412.514.213.011.510.410.510.08.98.09.59.39.29.19.08.79.48.98.98.58.67.8

38.07.87.67.68.67.88.38.38.07.9

Experi-

wageand

salaryworkers

6.03.73.43.26.24.84.44.67.35.75.76.85.65.65.04.3

ii343.34.85.75.34.55.3827.36.656556.97.39.3927.16.8665.85.25.05.36.67.26.65.9

fi4.74.34.04.54.44.54.14.34.34.34.44.44.34.24.14.14.14.14.24.14.14.14.04.03.93.93.9

Marripri

men,spouse

present2

4.61.51.41.74.02.6232.85.13.63.74.63.6

2.82.41.91.8161.52.63.22.82.32.7514.2

28284.2436.565464.3443.93.3303.44.45.14.43.73.33.02.72.42.22.52.52.52.22.32.32.3

232.32.32.32.32.42.12.32.32.22.32.32.22.22.12.2

Womenwho

main-tain

families

4.9444.45.47.37.27.17.0

10010.19.485839.2

10411.712210310.4989?8.1818.39.3

10.09.78.9

!iH6.47.77.57.57.57.57.06.96.87.56.96.96.36.36.56.67.16.06.56.46.36.46.06.06.2

1 Unemployed as percent of civilian labor force in group specified.2 Data for 1950 are for March; data for 1951-54 are for April.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

354


TABLE B--41.—Civilian unemployment rate by demographic characteristic, 1955-99[Percent;1 monthly data seasonally adjusted]

Year or month

19551956 :19571958 ..."":195919601961 .19621963196419651966196719681969197019711972

1972197319741975197619771978 .....1979198019811982198319841985198619871988198919901991 ::.:19921993 ::::.::: ::::::19941995199619971998 .19991998: Jan

FebMar

JuneJuly .::::.:AueSeptOct...""NovDec

1999- JanFebMarAprHay ..:::::::....JuneJulyAug .SeptOctNovDec

AHcivil-ian

work-ers

4.44.14.36.85.555675.5575.24.5383.83.635495.9f i6

5.64.95.6857.7716.15.87.1769.7967.57?706.2555.35.66.87.56.96.1565.44.94.5424.74.64.7434.44.54.5454.54.54.444434.44 2434.2434.34.24.24.14.14.1

Total

3.93.63.86.14.8506.04.9504.64.1343.43.2314.55.451

5.143

7.0625.25.16.3678.6846.5676.05.3474.54.86.16.66.15.3494.74.23.9374.04.04.1373.83.93.8393.93.93.838383.8363.83.7383.73.7363.53.53.5

Total

3.73.43.66.14.648574.647413.6282.72.625404.94.5

4.53.84.4726455464.56.1658888646.1605.4474.54.96.57.06.35.4494.74.23.936

84.1363.83.93.9384.03.93.738373.835363.737363.73.5343.43.4

Mates

16-19years

11.310.511.515.714.014015713.715914712.910510.710.110013715.114.2

14.212.313.518317.315013513.916.217921.720216.816.516315.513913.714.317.618.517.716.315615.514.314.112613.814.814.813014.214.613.814114.514.113.813813812.612812612.212011712.312.711912.813.3

White

20yearsandover

3.3303.25.54.14 2514.039342.97?2.12.019324.036

3.6303.562S44 7373.65.3567879575.4534.8413.94.35.86.45.74.8434.13.63.230

83.4303.1

832

83.132313.32 9303.132313.279292.82.8

Total

4.34.2

85353655.55 55.0434.64.342546.35.9

5.95.36.1867973625.96.569n796?6.4615.2474.54.75.66.15.75.2484.74.23.9384.04.04.1383.83.93.8403.84.03.939383.838413.739383.73.7363.63.5

Females

16-19years

9.19.79.5

12.712.012714812.815114914.012111.512.111513415.114.2

14.213.014.517416.415914414.014.81661901831??14.814913.412311.512.615.215.814.713.813412.917810.91139.0

10.110.810710.511.910.111610.512.811.810911511.411211610.612011111.011.911711.210.9

20yearsandover

3.93.7

84.746574.748464.0

3.83.4344.45.349

4.9435.1756.86.2525.05.659n69585.7544.64.14.04.15.05.55.24.6434.1

3.433

83.6343.33.43.3353.33.43.434333.33 63 334333.23.2313.13.0

Total

8.78.37.9

12.610.710217410.91089.68.1737.46.7648.29.9

100

10.494

10.514814.014012812.314.315618919515915.114513.011711.411.412.514.213.011.510.410.510.08.980

89.2919.08.79.4898.98.58.678788.280787.6768.67.8838.38.07.9

Total

8.87.9

1811.510717810.9105897.4636.05.653739.189

9.38.09.8

14813713311811.414.515770120316415.314812.711711.511.913.015.213.812.010611.110.28.982

89.0§7

.48.4

10.0908.88.58.779798.278797.877867.68.5958.48.3

Males

16-19years

Blac

13.415.018.426.825.2240268

27 324.323.321323.922.121425.028.8797

31.777833.138137.539236734.237.540748948842741.039334.432731.931.936.342.040.137.637.136.936.530.1309

Si27.725333.023.530.130032.234.532.527633331.2

32 027.928830.729.630335.331.027.5

d other

20yearsandover

. k a n d o

8.47.47.6

12.710.596

11710.092776.0494.33.937567.36.9

Black

7.06.07.4

1251141079393

12413517818114313.212911.110110.010.411.513.512.110.3889.48.57.4678.17.87.8766.87.48.5767.06.7£.965616.7

6 36.664726.37.1777.07.0

or black

Total

ther

8.58.9

10:89.494

11911.011210.79.2879.18.3789.3

10.911.4

11.811.111.314814.314913813314015617618615414.914213.211711.410.912.013.212.111.010210.09.99.078

89.4949.69.08.9879.08.68.477788.183787.4758.68.08.17.27.77.6

Females

16-19years

19.222.820.228.427.724829.230.234731.631.731329.628.727634.535.4384

40.536.137.441041.643440839139842247148242639.239234.932033.029.936.037.2

32-jj30.328.725.3251

to28.425927.723.927.626325.123.822.319124525.027623822.521223.426.731.426.125.923.0

20yearsandover

7.77.8

88.383

1069.694907.5667.16.3586.98.788

9.0868.8

12211712311210911913415416513513.112411.61049.89.7

10.611.810.79.8868.78.87.968

88.1838.47.97.8757.97.57.569677.071696.567776.96.7616.66.7

1 Unemployed as percent of civilian labor force in group specified.Note.-See Note, Table B-40.Source: Department of Labor, Bureau of Labor Statistics.

355


TABLE B-42.—Unemployment by duration and reason, 1950-99[Thousands of persons, except as noted; monthly data seasonally adjusted1]

Year or month

19501951 :::::::::::::::::::::195319541955

19581959I96019611962

19S519661967 2 ..!"'."!...'....'19681969197019711972197319741975 ...197619771978 ..19791980198119821983 '...'...'.19841985198619871988198919901991 ..199219931994199519961997199819991998: Jan


1999- JanFebMarAprMayJuneJulyAugSeptOctNovDec

Unem-ploy-ment

3,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,85247143,9114,0703,786m2,9752,8172[8324,093m887,9297,406

6!l377,637m10,7178,5398,3128,23774256,7016,5287,0478,6289,61389407,9967,4047,2366,7396,2105,8806,4066,3526,47959616,0516,2156,2026,18462346,2396,0746,0286,0076,1085,82860325,8235,9345,9375,8425,82557575,7365.688

Duration of unemployment

Lessthan

weeks

1,4501,1771,13511421,6051,3351,4121,408

m1,7191,80616631,7511,6971,6281,5731,6341,5941,6292,139

B8m•29402,84429192,8652,9503,29534493,8833,57033503,4983,4483,2463,0843,1743,2653,4803,3763,2622,7282,7002,633

215682,5502,5842,83625982,6392,5562,5862,6212,6162,8292,5252,5732,3972,5852,5212,7412,5022,5402,6402,5992,5822,5452,6012.620

5-14weeks

1,055574516482

1,116815805891

1,396i;i!41,1761,3761134

iif!ffl893810827

1,2901,58514721,3141,5972|484

l|9231,9462,4702,5393,3112,93724512,5092,5572,1962,0071,9782,2572,7912,83025842,4082,3422,2872,1381,9501,8321,9321,9121,9641,9281,9842,0641,99819571,9591,8731,9781,8842,0121,9251,8841,8681,8321,7751,7781,7981,8051,8111,7601.694

15-26weeks

425166

18495366301321785469503728534

8f8271256242428668601483574

1,3031,018913766706

1,0521,1221,7081,6521,1041,0251,045943801730822

1,2461,4531,2971,2371,0851,053995763755824837852620663820762804730730745759776754

8784806779747708719725693

27weeksandover

3571378478317

1239667571

88482351239177156133235519566343381

1,2031,3481028648535820

1,1621,776m1,2801,1871,040

8703

1,1111,9541,7981,6231,2781,2621,067875725

1,009958915862841793824

860813715785715680735828732716704715676695

Average(mean)dura-tion

(weeks)

12.19.78.48.011.813.011.310.513.914.412.815.614.714.013.311.810.48.78.47.88.611.312.0•a14.215.814.311.910.811.913.715.620.018.215.615.014.513.511.912.013.717.718.018.816.616.715.814.513.415.615.314.614.614.814.014.213.814.414.014.414.013.513.813.613.213.414.313.513.213.013.213.012.8

Mediandura-tion

(weeks)

2.34.54.44.96.36.25.25.28.48.27.05.95.46.56.98.710.17.96.86.96.55.94.85.36.88.78.39.28.38.38.06.76.47.37.06.86.66.06.86.86.76.75.96.76.86ei6.86.16.66.35.86.45.96.36.25.9

Reason for unemployment

Job losers3

Total

1,22910701,0171,811

im1,6942,2424,3863,6793,1662,5852,6353,9474,26762686,2584,4214,1394,03335663,0922,9833,3874,6945,3894,8483,8153,4763,3703,0372,8222,6222,8362,815303226942,8322,81828012,8012,8502,8162,7492,7952,70827212,6462,6952,6782,6702,6702,6292,5732,5182,4932.401

Onlayoff

8339675735582472746

1,671

«712851

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

12601,115977

1,0301,021

8848860839989722829838924903887874831865863854833843837876847893869802851795

Other

836736678

1,1371,5881,52612211,4952,7142,6282,3001,8731,7842,4592,8374,1414,478mmm2,3593,4024,1293,7332,83824462,3492,1061,9571,7741,9761,9762,0431,9722,0031,9801,8771,89819631,9421,9181,9301,8451,8671,8131,8521,8411,7941,8231,7361,7041,7161,6421.606

Jobleav-ers

438431436550590641

$827903909874880891

Ili830823877

1,015965983

1,0241,0411,0041,002976791824774

8783819774741621743731773731742743668719

774810781831768

8778821825

Reen-trants

945909965

m1,4561,3401,4631,8921,9281,9631,8571,8061,9272,1022,3842,4122,18422562,1601,9741,8091,8431,9302,1392,28521982,7862,5252,5122,3382,1322,0052,2322,1902,2032,1102,0762,0952,0622,1682,1602,1442,1421,9942,0092,0902,0072,0392,0342,0382,0031,9421,9671,958

New

trants

396407413504630677649681823

817872981

1,1851,2161,1101,039

«816677688792

91960579580569520469509528555522525524508509472562522503519498446473440359459481504511485453

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.2 Data for 1967 by re a son for unemployment are not equal to total unemployment,beginning January 1994, job losers and persons who completed temporary jobs.Note.—Data relate to persons 16 years of age and over.See footnote 5 and Note, Table B-33.Source: Department of Labor, Bureau of Labor Statistics.

356


TABLE B-43.—Unemployment insurance programs, selected data, 1967-99

Year or month

19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 .19901991199219931994 .19951996199719981999/>

1998- JanFebMarApr•Jay : :.June . .. .JulyAug I::::::::::::::::":SeptOct.:::::::::::::::::::::::NovDec

1999: JanFebMarAprNTay . .. ,JuneJulyAug .SeptOctNovDec*

All programs

Covered

TfflrInsured

unemploy-ment

(weeklyaver-

age)"

Thousands

56,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,80492,06292,65993,3009162891,89896,47499,186

101,099103,936107,156109,929111,500109,606110,167112,146115,255118,068120,567123,8137 126,691

1,2701,1871,1772,070

88@4,9373,8463,3082,6452|5923,8373,4104,5923,7742,5602,6992,7392,3692,1352,2052,5753,4063,3482,8452,7462,6392,6562,3702,2602,222

2,7592,7792,7942,2531,9952,0752,21022261,84617142,0622,3262,8672,7732,7322,2172,1052,1292,0642,1751,7821,7541,9432.053

Totalbenefits

paid,-ions

dollars)24

2,2222,1912,2994,2096,1545,4914,5176,934

16,80212,34510,9999,0079,401

16,17515,2872449121,0001383815,28316,6701492913,69414,94818,72126717

826,460«22,950

22,84422,38622,91520,71520,31920i471

2,005.31,936.62,124.41,741.31,428.01,518.61,725.01,567.41,413.1\m1,872.02,106.52,075.22,381.91,792.11,570.41,699.01,608.31699.21,456.61,333.91,533.61.761.0

State programs

Insuredunem-

&Initialclaims

Exhaus-tions5

Weekly average,- thousands

1,2051,1111,101

881,8481,6322,2623,9862,9912,655

88884,0593,3952,4752,6172,6432,3002,0812,1582,5223,3423,2452,7512,6702,5722,5952,3232,2222,187**2,2502,1972,1702,1362,1122,2352,3722,2302,166

882,2622,2702,2282,1772,1822,1852,2132,2242,2022,1802,1322,1282.132

226201200296295261247363

8a388488460583438377397

SI$&388447408341340357356323

i**316309308311316353

fofffl320323319291295

iS§305296287293289287285

171616

352937

1395957

495246

%456774625751

114444

4845474744434443

84045484547464645454640394140

Insuredunemploy-ment aspercent

ofcoveredemploy-

ment

2.52.22.13.44.13.52.73.56.04.63.93.32.93.93.54.63.92.82.92.82.4a2.43.23.12.62.52.32.32.01.8L8

1.91.91.81.81.81.92.01.91.81.81.91.91.91.81.81.81.81.81.81.81.81.71.71.7

Benefits paid

Total(millions

ofdollars)4

2,0922,0322,1283,8494,9574,4714,0085,975

11,7558,9758,3577,7178,613

20;&4917,78712,61014,13115,32913,60712,56513i76017,35624,52623,86920,53920,40120,12520,64518,58718,66518,725

1,959.31,893.72,077.11,697.01,389.41,478.81,691.51,532.21,377.81,248.41,399.01,822.22,057.82,032.22,336.91,757.21,540.01,666.81,577.71,662.51,423.71,300.91,495.81.722.3

Averageweeklycheck

(dollars)6

41.2543.4346.1750.3454.0256.7659.0064.2570.2375.1678.7983.6789.6798.95

106.70119.34123.59123.47128.14135.65140.55144.97151.73161.56169.88173.64179.62182.16187.04189.27192.84200.29211.81

198.15200.75200.96198.73198.51197.40200.25198.45200.78201.94203.05204.71210.01213.05213.81210.69210.99209.76208.05208.81212.10215.36214.43215.03

** Monthly data are seasonally adjusted.1 Includes persons under the State, UCFE (Federal employee, effective January 1955), RRB (Railroad Retirement Board) programs, and UCX(unemployment compensation for ex-servicemembers, effective October 1958) programs.2 Includes State, UCFE, RR, UCX. UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA (Servicemen's Re-adjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefit programs. Does not includeFSB (Federal supplemental benefits), SUA (special unemployment assistance), Federal Supplemental Compensation, and Emergency Unemploy-ment Compensation programs, except as noted in footnote 8.3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.5 Individuals receiving final payments in benefit year.6 For total unemployment only.7 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage and salaryearners.

'Including Emergency Unemployment Compensation and Federal Supplemental Compensation, total benefits paid for 1992 and 1993 wouldbe approximately (in millions of dollars): for 1992, 39,990 and for 1993,34,876.

Note.—Insured unemployment and initial claims programs include Puerto Rican sugar cane workers beginning 1963.Source: Department of Labor, Employment and Training Administration.

357


TABLE B-44.—Employees on nonagricultural payrolls, by major industry, 1950-99[Thousands of persons; monthly data seasonally adjusted]

Year or month

1950195119521953195419551956195719581959I9601961196219631964196519661967 . ..19681969 .. .19701971197219731974 .. ..1975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999* . . . .1998-Jan

FebMarAprMay "z.z..:z"Z7z :"JuneJulyAug '".sept.: :'.Oct :....:..Z.Z:.NovDec

1999: JanFebMarAprwfav'.: : z::..:::z::::::z::::"::JuneJulyAug zi.zzzzzzz :Septocf "i. i. :rr ri.Nov/>Dec*

Total

45,19747,81948,79350,20248,99050,64152,36952,85551,32253,27054,18953,99955,54956,65358,28360,76363,90165,80367,89770,38470,88071,21173,67576,79078,26576,94579,38282,47186,69789,82390,40691,15289,54490,15294,40897,38799,344

101,958105,209107,884109,403108,249108,601110,713114,163117,191119,608122!690125,826128,610124,580124,773124,961125,220125,478125,689125,808126,170126,361126,567126,841127,186127,378127,730127,813128,134128,162128,443128,816128,945129,048129,332129,554129.869

Goods-producing industries

Total

18,50619,95920,19821,07419,75120,51321,10420,96719,51320,41120,43419,85720,45120,64021,00521,92623,15823,30823,73724,36123,57822,93523,66824,89324,79422,60023,35224,34625,58526,46125,65825,49723,81223,33024,71824,84224,53324,67425,12525,25424,90523,74523,23123,35223,90824,26524,49324,96225,34725,24025,35525,36625,36725,41825,37925,38125,24025,34425,33325,30625,29825,35425,31525,32925,28525,28825,19925,18025,24725,14825,18625,19825,26025.277

Mining

901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958

1,0271,1391,128

952966927777717713692709689635610601581580596590535606606605600595593588585583578574570560553550538531526528524527528527529

Construc-tion

2,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9043,9464,3804,6684,8104,9585,0985,1715,1204,6504,4924,6684,9865,1605,4185,69159856,2735,8795,8855,8795,9435,9325,9625,9906,0056,0096,0426,0856,1736,170

6,2776,2396,2586,2706,2466,2936,3146,3696.385

Manufacturing

Total

15,24116,39316,63217,54916,31416,88217,24317,17615,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,78018,43219,37219,24818,94718,99919,31419,39119,07618,40618,10418,07518,32118,52418,49518,67518,77218,43218,87018,87518,88318,87518,85218,82618,66218,75418,74118,68618,63918,61118,585

iffl18,47318,42918,39618,44918,37818,36618,35618,36418.363

Durablegoods

8,0669,0599,320

10,0809,1019,5119,8029,8258,8019,3429,4299,0419,4509,5869,785

10,37411,25011,40811,59411,86211,17610,60411,02211,86311,89710,66211,05111,57012,24512,73012,15912,08211,01410,70711,47611,45811,19511,15411,36311,39411,10910,56910,27710,22110,44810,68310,78911,01011,17010,98611,21911,22911,23711,23811,22511,21011,06611,17711,15911,12811,09211,07411,05011,02711,01410,99310,97110,96011,01510,97510,95910,95210,95810.959

Nondura-ble goods

7,1757,3347,3137,4687,2137,3707,4427,3517,1447,3337,3677,2857,4037,4107,4897,6887,9638,0398,1878,3048,1908,0198,1298,2918,1817,6617,9468,1128,2598,3108,1278,0897,7667,7257,89677907,7527,8457,9517,9977,9687,8377,8277,8547,8737,8417,7067,6657,6027,4467,6517,6467,6467,6377,6277,6167,5967,5777,5827,5587,5477,5377,53575117,4897,4807,4587,4367,4347,4037,4077,4047,4067.404


358


TABLE B-44.—Employees on nonagricultural payrolls, by major industry, 1950—99—Continued[Thousands of persons; monthly data seasonally adjusted]

Year or month

1950 . .19511952 :..:....1953. .1954 ! ..!19551956 .1957 '.19581959 "".T".TI960196119621%3

1965 ~~'.196619671968196919701971 ' '19721973197419751976197719781979198019811982 .'"."'.198319841985.19861987.1988 '..198919901991 . . .199219931994::;:199519961997 .. .19981999*1998: Jan

FebMarAprfTayJuneJulyAugSeptOctNovDec .. ..

1999: JanFebMarApr{fayJuneJulyAugSeptOctNov*Dec*

Service-producing industries

Total

26,69127,86028,59529,12829,23930,12831,26431,88931,81132,85733,75534,14235,0983601337,27838,83940,74342,49544,15846,02347,30248,27650,00751,89753,47154,34556,03058,12561,11363,36364,74865,65565,73266,82169,69072,54474,81177,28480,08482,63084,49784,50485,37087,36190,25692,92595,11597,727

100,480103,37099,22599,40799,59499,802

100,099100,308100,568100,826101,028101,261101,543101,832102,063102,401102,528102,846102,963103,263103,569103,797103,862104,134104,294104,592

Transpor-tation and

publicutilities

4,0344,2264,24842904,0844,1414,2444,2413,976410114,0043,9033,9063903319514,0364,1584,2684,3184,4424,5154,4764,5414,65647254,5424,5824,7134,9235,1365,1465,165508149525,1565,2335,2475,36255125,6145,7775,7555,7185,8115,9846,13262536,4086,6006J916,5056,5286,5456,5596,5776,5896,6066,6256,6376,6576,671£6846,7086,7236,7326,7506,7586,7816,7996,81368316,8416,8606,892

Wholesaletrade

2,6432,7352,8212,8622,8752,9343,0273,0372,9893,0923,1533,1423,20732583,3473,4773,6083,7003,7913,9194,0064,0144,1274,2914,4474,4304,5624,7234,9855,2215,2925,3755,2955,2835,5685,7275,7615,8486,0306,1876,1736,0815,9975,9816,1626,3786,48266486,8317,0036,7556,7676,7806,7986,8146,8266,8366,8466,8716,8766,8916,9016,9246,9376,947

tffi6,9937,0127,0317,0417,0647,0667,082

Retailtrade

6,7437,0077,1847,3857,3607,60178317,8487,7618,0358,2388,1958,35985208,8129,23996379i906

11,03411,33811,82212,31512,5391263013,19313,79214,55614,97215,01815,17115,15815,58716,51217,31517,88018,42219,02319,47519,601

19135619,77320,50721,18721,59721,96622,29622,78422,14222,14922,15522,17722,23722,25722,3212235322,38222,39222,44322,52522,55622,64822,61122,72422,74822,79622,90322,8882286222,89122,88722,952

Finance,insurance,and realestate

1,8881,9562,0352,1112,20022982,38924382,4812,5492,6282,6882,7542,8302,9112,977

ISm3,6453,7723,9084,04641484,1654,2714,4674,7244,9755,1605,2985,3405,466m.ts6,6306,6686,7096,6466,6026,7576,8966,8066,9117,1097,4077,6337,2587,2827,31773487,3747,4007,4307,4457,4677,49475207,5427,5707,5817,5957,61176217,6367,6477,6507,65376687,6787,690

Services

5,3565,5475,69958355,9696,2406,497

t£7,0877,3787,6197,9828,2778,6609,0369,498

10,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30216,25217,11217,8901861519,02119,66420,74621,92722,95724,11025,50426,90727,93428,33629,05230,19731,57933,11734,45436,04037,52638,99936,90537,0033710337,19437,33437,46037,57637,68837,78037,92938,07038,20738,31338,45838,55638,69738,78238,95239,05539,20539,25739,43339,54539,654

Government

Total

6,0266,3896,6096,6456,7516,914

m78398,0838,353

9159610,0741078411,39111,83912I19512,55412,88113,33413,73214,17014,68614,87115,12715,67215,94716,241m15,86916,0241639416,69317,01017,38617,77918,30418,40218,64518,8411912819,30519,41919,55719,81920,16019,66019,6781969419,72619,76319,77619,79919,86919,89119,91319,94819,97319,99220,05420,08720,09920,07720,10520,15320,21020,21820,237

Federal

1,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,358m25642,7192,7372,7582,7312,69626842,6632,7242,748m2,7532,7732,86627722,7392,7742,8072,8752,8992,9432,9712,9883,0852,9662,9692,9152,8702,82227572,6992,6862,6692,6802,6772,6742,6752,6752i6772,6752,68826892,71127232,7012,7022,7132,7102,6882,6662,6642,6562,65126542,64326462,652

State andlocal

4,0984,0874,1884,3404,5634,7275,069m5,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,823

10,18510,64911,06811,44611,93712,13812,39912,91913,17413,3751325913,09813,09613,21613,51913,79414,06714,41514,79115,21915,43615,67615,92616,25716,4841666216,85717,13317,49116,98017,00117,02017,05117,08817,09917,12417,18117,20217,2021722517,27217,29017,34117,37717,41117,41117,44117,49717,55917,56417,59417,61217,670

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


359


TABLE B-45.—Hours ami earnings in private nonagricultural industries, 1959-991

[Monthly data seasonally adjusted]

Year or month

195919601961 . .196219631964196519661967

196919701971197219731974197519761977197819791980 .19811982198319841985198619871988198919901991199219931994 . .1995199619971998imp1998- Jan

FebMarAprMayJuneJulvAug :::::::::::::::::::::::::::::::Septoct : r.:."...™".NovDec

1999- JanFebMarAprtfay ". 'T..T.JuneJulyAug "'"".SeptOctNowDec*

Average weekly hours

Totalprivate

39.038.638.638.738.838.738.838.638.0

ft37.136.937.036.936.536.136.136.035.835.735.335.234.835.035.234.934.834.834.734.6

Si34.434.534.734.534.434.634.634.534.834.734.634.634.734.634.634.634.534.634.634.634.634.634.534.434.434.534.534.534.4

Si34.5

Manufacturing

Total

40.3

40440.540.741.241.440.640.740.639.839.940.540.740.039.540.140.340.440.239.739.838.940.140.740.540.741.041.141.040.840.741.041.442.041.641.642.041.741.742.242.041.841.641.841.841.741.741.641.741.741.741.641.641.541.641.741.741.941.841.841.841.741.7

Over-time

2.7

ii2.82.83.13.63.93.43.63.63.02.9

s!s3.32.63.13.53.63.32.82.82.33.03.43.3

8il3.63.63.84.14.74.4

34.64.64.94.84.84.64.64.64.64.54.54.54.54.54.54.54.54.34.64.74.74.74.74.74.64.7

Average hourly earnings

Total private

Currentdollars

$2.022.092.142.222.282.362.462.562.682.853.043.233.453.703.944.244.534.865.255.696.166.667.257.688.028.328.578.768.989.289.66

10.0110.3210.5710.8311.1211.4311.8212.2812.7813.2412.5412.6012.6412.6912.7312.7612.8012.8512.8812.9112.9412.9813.0413.0613.1113.1413.1813.2413.2813.2913.3513.3913.4013.46

1982dollars2

$6.696.796.887.077.177.337.527.627.727.897.988.038.218.538.558.288.128.248.368.408.177.787.697.687.797.807.777.817.737.697.647.527.457.417.397.407.397.437.557.757.867.667.697.727.737.747.757.767.787.807.807.807.817.837.847.867.837.857.897.887.877.867.877.877.88

Manu-fac-

turing(currentdollars)

$2.192.262.322.392.452.532.612.712.823.013.193.353.573.824.094.424.835.225.686.176.707.277.998.498.839.199.549.739.91

10.1910.4810.8311.1811.4611.7412.0712.3712.7713.1713.4913.9113.3813.4113.4513.4513.4813.4813.4613.5313.5813.5713.5813.6013.6413.6713.7113.7913.8513.9514.0214.0314.0414.0714.0714.10

Average weekly earnings, total private

Level

Currentdollars

$78.7880.6782.6085.9188.4691.3395.4598.82

101.84107.73114.61119.83127.31136.90145.39154.76163.53175.45189.00203.70219.91235.10255.20267.26280.70292.86299.09304.85312.50322.02334.24345.35353.98363.61373.64385.86394.34406.61424.89442.19456.78436.39437.22437.34439.07441.73441.50442.88444.61444.36446.69447.72449.11451.18451.88452.30452.02453.39456.78458.16458.51459.24461.96462.30464.37

1982dollars2

$260.86261.92265.59273.60278.18283.63291.90294.11293.49298.42300.81298.08303.12315.44315.38302.27293.06297.37300.96300.89291.66274.65270.63267.26272.52274.73271.16271.94269.16266.79264.22259.47255.40254.99254.87256.73255.07255.73261.31268.32271.25266.42266.92267.00267.40268.53268.23268.57269.30268.98269.90270.04270.39270.98271.40271.33269.22270.04272.05271.91271.47270.30271.58271.46271.88

Percent changefrom year

earlier

Currentdollars

4.92.42.44.03.03.24.53.53.15.86.44.66.2

il6.45.77.37.77.88.06.98.54.75.0aH3.03.83.32.52.72.83.32.23.14.54.13.35.24.53.84.44.64.64.63.93.83.93.53.83.43.43.42.92.63.53.53.13.33.43.33.4

1982dollars2

4.2

L43.01.72.02.9.8

-.21.7.8

-.91.74.1-.0

-4.2-3.0

1.51.2-.0

-3.1-5.8-1.5-1.2

2.0.8

-1.3

-1.0-.9

-1.0-1.8-1.6-.2-.0

-16

2l22.71.13.73.32.73.03.03.13.12.52.62.62.12.31.71.71.6

!61.41.2.8

:e.6

1 For production or nonsupervisory workers; total includes private industry groups shown in Table B-44.2 Current dollars divided by the consumer price index for urban wage earners and clerical workers on a 1982=100 base.Note.-See Note, Table B-44.Source: Department of Labor, Bureau of Labor Statistics.

360


TABLE B-46.—Employment cost index, private industry, 1980-99

Year andmonth

December:1980198119821983198419851986198719881989199019911992199319941995199619971998

1999: MarJuneSept ZDec

1998: MarJuneSeptDec


December:19801981198219831984198519861987 :.:::.::.19881989199019911992199319941995 Z..1199619971998




Total private

Totalcom-pen-

sation

Wagesandsala-ries

Bene-fits i

Goods-producing

Totalcom-pen-

sation

Wagesandsala-ries

Bene-fits1

Service-producing

Totalcom-pen-

sation

Wagesandsala-ries

Bene-fits1

Manufacturing

Totalcom-pen-

sation

Wagesandsala-ries

Bene-fits i

Nonmanufacturing

Totalcom-pen-

sation

Wagesandsala-ries

Bene-fits1

Index, June 1989=100; not seasonally adjusted

64.871.275.880.184.087.390.193.197.6

102.3107.0111.7115.6119.8123.5126.7130.6135.1139.8140.4142.0143.3144.6

67.173.077.681.484.888.391.194.198.0

102.0106.1110.0112.9116.4119.7123.1127.3132.3137.4138.1139 714LO142.2

59.466.671.476.781.784.687.590.596.7

102.6109.4116.2122.2128.3133.0135.9138.6141.8145.2145.8147.3148.6150.2

66.773.377.881.685.488.291.093.897.9

102.1107.0111.9116.1120.6124.3127.3130.9134.1137.8138.9139.9141.1142.5

69.775.780.083.286.489.492.395.298.2

102.0105.8109.7112.8116.1119.6122.9126.8130.6135.2136.3137.3138.5139.7

60.568.273.278.383.285.7

97i3102.6109.9116.7123.4130.3134.8137.1139.7141.5143.2144.3145.2146.3148.2

63.369.574.178.982.986.689.392.697.3

102.3107.0111.6115.2119.3122.8126.2130.2135.3140.5140.9142.8144.1145.3

65.371.175.980.283.787.790.393.497.8

102.2106.3110.2113.0116.6119.7123.2127.5133.1138.4138.9140.8142.1143.3

58.465.169.675.280.483.6

U96.1

102.6109.0115.7121.2126.7131.5134.7137.4141.4145.7146.1147.9149.4150.7

66.072.576.980.885.087.890.793.497.6

102.0107.2112.2116.5121.3125.1128.3132.1135.3138.9139.9140.9142.1143.6

68.974.979.182.586.189.292.195.298.1

101.9106.2110.3113.7117.3120.8124.3128.4132.2136.8137.9139.0140.2141.5

59.967.572.477.582.785.0

Si96.6

102.3109.5116.1122.6130.0134.3136.7139.8141.7142.7143.6144.5145.7147.8

64.270.475.179.683.487.0

ffi97.5

102.3106.9111.5115.1119.0122.6125.9129.8134.7139.7140.3142.0143.4144.5

66.272.176.881.084.288.090.693.797.8

102.2106.1109.8112.6116.0119.1122.5126.8132.1137.4137.9139.7141.0142.1

59.166.170.676.281.184.4

ft96.8

102.8109.3116.2122.0127.4132.3135.3137.9141.5145.8146.3148.0149.4150.7

Index, June 1989=100; seasonally adjusted

136.1137.3138.7139.7140.2141.8143.0144.5

133.6134.9136.5137.5138.1139.8140.9142.3

142.2143.2144.1145.1145.4146.8148.1150.1

135.21363137'.2137.9138.9139.8141.0142.5

132.0133.2134.3135.2136.3137.3138.5139.7

141.6142.3142.9143.4144.4145.0146.2148.4

136.6137.8139.5140.6140.7142.7143.9145.5

134.4135.6137.5138.5138.9140.8142.0143.4

142.5143.7144.8146.1145.9147.8149.3151.1

136.3137.1138.1138.9139.8140.7142.0143.6

133.7134.6136.0136.8137.9139.0140.2141.5

141.7142.2142.6142.8143.6144.3145.7147.9

136.0137.2138.7139.9140.2142.0143.2144.7

133.4134.7136.3137.6137.9139.7140.8142.3

142.6143.8144.9146.1146.2147.9149.3151.0

Percent change from 12 months earlier, not seasonally adjusted

9.69.96.55.74.93.93.23.34.84.84.64.43.53.63.12.63.13.43.53.03.33.13.4

9.18.8

84.24.13.23.34.14.14.03.72.63.12.82.83.43.93.93.33.63.23.5

11.712.17.27.46.53.53.43.46.96.16.66.25.25.03.72.22.02.32.42.22.52.83.4

9.99.96.14.94.73.33.23.14.44.34.84.63.83.93.12.42.82.42.82.82.72.93.4

9.48.65.74.03.83.5

3ll3.23.93.73.72.82.93.02.83.23.03.53.33.1

b

10.812.77.37.06.33.03.02.97.05.47.16.25.75.63.51.71.91.31.22.01.92.33.4

9.79.86.66.55.14.53.13.75.15.14.64.33.23.62.92.83.23.93.83.13.63.23.4

H6.85.74.44.83.03.44.74.54.03.72.53.22.72.93.54.44.03.33.8y

ftn6.94.0

Si6.56.86.26.14.84.53.82.42.02.93.02.42.9

ii

116.15.15.23.3

ii4.54.55.14.73.84.1

3X)

2.72.62.72.83.4

KII4.43.63.33.43.03.94.23.93.13.23.02.93.33.03.53.13.33.13.4

10.512.77.37.06.72.82.92.67.65.97.06.05.66.03.31.82.31.4.7

1.31.52.23.4

9.79.76.76.04.84.33.13.65.04.94.54.33.23.43.02.73.13.83.73.23.5

ii

8.98.96.55.54.04.53.03.44.44.53.83.52.63.02.72.93.54.24.03.43.73.33.4

12.611.86.87.96.44.13.74.06.46.26.36.35,04.4

L92.63.02.52.83.03.4

Percent change from 3 months earlier, seasonally adjusted

0.7.9

1.0.7.4

1.2.8

1.0

0.91.01.2

.7

.41.2.8

1.0

0.4.7.6.7.2

1.0.9

1.4

0.7.85

'.7.6.9

1.1

1.1.9.8.7.8.7.9.9

-0.1.5

.3

.7

.5

.81.5

0.7.9

1.2.8.1

1.4.8

1.1

0.9.9

1.4.7.3

1.4.9

1.0

0.5.8.8.9

-.11.31.01.2

0.7.6

'.B.6.6.9

1.1

1.1.7

1.0.6.8.8.9.9

-0.1.4.3.1.6.5

1.01.5

0.8.9

1.1.9.2

1.3.8

1.0

0.81.01.21.0.2

1.3.8

1.1

0.6.8.8.8.1

1.2.9

1.11 Employer costs for employee benefits.Note.—The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shifts among

occupations and industries.Data exclude farm and household workers.Source: Department of Labor, Bureau of Labor Statistics.

361


TABLE B-47.—Productivity and related data, business sector, 1959-99[Index numbers, 1992=100; quarterly data seasonally adjusted]

Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978 '""19791980198119821983 :.1984

1985198619871988 ....:...:.1989199019911992 .1993199419951996199719981994:1

IIIllIV

1995:111IllIV

1996:1IIIllIV

1997:1IIIllIV

1998:1IIIllIV

1999:1IIIll

Output per hourof all persons

Busi-ness

sector

47.248.049.852.154.156.658.661.062.364.564.866.268.871.073.172.274.877.278.479.579.779.881.481.284.086.488.190.791.392.493.394.595.9

100.0100.1101.4102.2105.2107.5110.5101.2101.4101.2101.9101.6101.9102.1103.1104.1105.3105.4105.9106.3107.1108.1108.4109.7109.8110.7111.9112.7113.0114.3

Nonfarmbusinesssector

50.551.252.855.257.259.661.463.664.666.967.168.070.773.075.274.376.478.980.081.381.381.382.482.085.687.488.691.391.792.993.594.696.1

100.0100.1101.4102.4105.2107.2110.2101.0101.4101.1102.0101.8102.1102.4103.2104.2105.3105.3105.8106.1106.9107.8108.1109.3109.5110.4111.5112.2112.4113.8

Output1

Busi-ness

sector

31.532.132.734.836.438.741.444.245.047.348.848.850.553.857.556.856.359.963.267.269.769.171.069.172.679.082.485.488.692.495.697.096.1

100.0102.7107.7111.1116.1122.3128.6105.5107.5108.1109.7110.1110.4111.4112.6113.7115.8116.6118.3120.0121.8123.2124.4126.9127.5128.9131.2132.5133.1135.1


31.231.732.434.636.238.641.344.345.147.548.948.950.654.057.857.256.360.163.467.670.069.571.068.973.279.382.385.588.792.895.897.196.3

100.0103.0107.8111.5116.4122.5129.0105.5107.5108.1109.9110.4110.7111.8112.9114.0116.1116.9118.6120.2122.0123.4124.6127.1127.9129.3131.6132.9133.5135.6

Hours of allpersons2

Busi-ness

sector

66.766.765.766.867.268.370.672.572.373.475.273.773.475.878.578.675.277.680.684.687.486.787.385.186.591.593.594.297.0

100.0102.5102.6100.3100.0102.6106.2108.8110.4113.8116.4104.3106.0106.8107.7108.4108.3109.1109.2109.2110.0110.7111.7112.9113.7114.0114.7115.7116.1116.4117.2117.5117.8118.3


61.862.061.362.663.364.867.369.769.770.973.071.871.674.076.977.073.776.179.283.286.285.5

83 985^590.793.093.796.799.8

102.4102.7100.2100.0102.9106.3108.9110.7114.3117.1104.4106.1106.9107.7108.4108.4109.2109.4109.4110.3111.0112.1113.3114.1114.5115.3116.3116.8117.1118.0118.4118.7119.2

Compensationper hour3

Busi-ness

sector

13.113.614.214.815.416.116.817.918.920.421.923.525.026.628.931.734.938.041.044.749.054.359.563.966.669.572.976.779.783.485.790.694.9

100.0102.4104.5106.7110.1114.2120.3104.3104.2104.3105.0105.5106.3107.0107.9108.6109.7110.7111.6112.5113.2114.6116.4117.8119.4121.2122.7124.2125.7127.1


13.714.314.715.415.916.617.218.219.220.722.223.725.326.929.131.935.238.241.345.049.354.760.064.467.270.073.377.180.083.685.890.594.9

100.0102.1104.3106.5109 8lia^S119.7104.1104.0104.1104.9105.3106.1106.9107.7108.4109.4110.3111.2112.2112.9114.1115.9117.2118.8120.6122.0123.3124.7126.2

Real compensationper hour4

Busi-ness

sector

58.559.961.763.965.367.869.371.873.776.577.679.080.582.984.783.784.587.088.189.790.089.789.891.191.291.592.895.996.397.395.896.497.4

100.099.999.799.199.6

101.1105.1100.499.799.199.298.998.999.199.499.299.499.899.8

100.1100.4101.2102.4103.4104.4105.6106.5107.4107.8108.3


61.162.864.366.267.669.971.073.075.077.678.679.781.383.885.384.485.287.588.890.590.690.390.691.891.992.193.296.396.697.495.896.397.4

100.099.699.598.999.3

100.7104.5100.299.698.999.198.898.798.999.299.199.299.499.599.8

100.1100.8101.9102.9103.9105.1105.9106.6106.9107.5

Unit laborcosts

Busi-ness

sector

27.728.428.528.428.428.528.629.330.331.733.735.636.437.539.543.846.749.252.356.261.568.173.178.879.380.582.884.687.390.391.995.999.0

100.0102.3103.0104.4104.7106.2108.8103.1102.7103.1103.0103.8104.3104.8104.7104.3104.2105.0105.3105.9105.7106.0107.4107.5108.8109.5109.6110.2111.3111.3


27.027.927.927.827.827.928.028.629.731.033.034.935.736.838.743.046.048.451.655.460.767.272.878.578.580.182.784.487.289.991.795.798.8

100.0102.1102.9104.0104.4106.1108.6103.0102.6103.0102.8103.5103.9104.4104.3104.0103.9104.7105.0105.7105.6105.8107.2107.3108.5109.3109.4109.8111.0110.9

Implicit pricedeflators

Busi-ness

sector

27.027.327.527.828.028.328.729.430.331.432.834.335.837.139.142.646.749.352.456.060.665.971.975.878.580.782.884.186.188.892.195.498.4

100.0102.5104.4106.4107.9109.5110.3103.7104.1104.7105.1105.8106.2106.6106.9107.3107.8108.2108.5109.1109.5109.7109.9110.0110.2110.4110.5110.9111.2111.4


26.526.827.027.327.527.828.228.929.830.932.333.735.336.437.741.445.748.451.655.059.465.071.175.477.980.182.683.985.988.591.895.198.3

100.0102.6104.5106.5107.8109.7110.5103.6104.1104.9105.3106.0106.4106.7106.9107.3107.6107.9108.4109.1109.6109.9110.1110.4110.5110.7110.6111.0111.4111.6

1 Output refers to real gross domestic product in the sector.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarilyon establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an estimateof wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers for recent quarters. The trend from 1978-98 is basedon the consumer price index research series (CPI-U-RS).

* Current dollar output divided by the output index.Source: Department of Labor, Bureau of Labor Statistics.

362


TABLE B-48.—Changes in productivity and related data, business sector, 1960-99[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year orquarter

1960 . . .196119621963 .1964196519661967 .1968 !....196919701971 .197219731974197519761977 .19781979198019811982198319841985 . .198619871988 . .198919901991199219931994199519961997 . . .19981994:1

IIIllIV

1995:1IIIllIV

1996:1IIIllIV

1997-1II "..!...IllIV

1998:1IIIllIV

1999:1IIIll

Output per hourof all persons

Busi-ness

sector

1.93.64.63.94.63.54.12.13.5.5

2.04.0

8-1.3

3.63.21.51.5.2.1

2.0-.23.42.82.03.0

.61.2.9

1.31.54.3

.11.3.7

2.92.22.81.2.8

-.83.0

-1.31.1.9

3.84.14.7

.32.11.33.43.61.24.6

.63.44.33.0

.84.7


1.33.24.63.54.33.13.51.73.5

.21.53.93.23.0

-1.12.83.31.41.6-.1

.11.3

2.'21.33.1.5

1.3.7

1.1a.11.31.02.72.02.81.11.5

-1.13.6-.81.11.23.23.94.2.1

1.9.9

3.33.31.24.4

.93.14.12.7

.64.9

Output1

Busi-ness

sector

1.92.06.44.66.47.06.81.95.03.1

.03.66.56.8

-1.1-.96.45.56.43.6-.82.7

-2.85.28.84.23.73.74.33.51.5

ii2.74.83.24.55.45.13.47.72.16.41.4.9

3.84.24.17.72.75.95.86.24.83.98.12.24.47.23.91.96.3


1.82.06.84.66.77.07.21.75.33.1-.13.56.77.1

-1.1-1.6

6.85.56.73.5-.72.1

-2.96.28.33.93.93.74.63.31.4-.93.93.04.73.44.45.35.22.58.02.26.91.81.14.24.03.97.62.85.95.56.24.64.18.32.44.47.34.01.86.6

Hours of allpersons2

Busi-ness

sector

0.1-1.6

1.7.6

1.73.42.6-.31.42.5

-2.0

133.7.1

-4.3

194.93.4-.9

—2 5L75.82.2

.73.03.12.5

.2-2.3-.32.63.52.41.53.12.22.26.92.93.32.8-.22.9

.4

.02.92.43.74.42.71.12.73.41.6.9

2.8.9

1.01.6


0.5-1.2

2.11.12.43.93.6.0

1.72.9

-1.6_33'.44.0.1

-4.33.44.05.03.6-.8

—2 5L96.02.5.8

3.23.32.6.3

-2.42 §3.32.41.73.32.41.46.53.33.12.6-.13.0

.7-.13.32.63.94.52.81.32.93.71.41.23.11.31.31.6

pThour*™

Busi-ness

sector

4.34.04.53.75.23.76.75.78.27.07.76.46.28.69.7

10.3

89.09.7

10.89.57.54.24.44.95.23.94.72.85.7

82.42.02.13.23.75.35.3-.7

.72.71.63.12.93.42.44.43.53.33.42.64.86.74.95.56.14.94.95.14.6


4.43.44.13.54.63.35.85.87.96.87.26.56.48.29.8

10.18.68.09.19.5

10.89.77.4

4.65.23.84.52.75.54.95.32.12.12.1113.65.25.6-.3

.43.01.62.93.03.12.54.03.13.33.62.64.46.44.85.66.24.64.24.84.7

Real compensationper hour*

Busi-ness

sector

2.62.93.52.33.82.13.72.53.81.41.91.9

8-1.2

1.0

81.8.3

-.3

L4

j1.53.3

.41.0

-1.5.6

1.02.7-.1-.2-.6

.51.53.93.9

-2.9-2.4

.4-1.2-.1

.81.3-.6

.71.4.2

1.01.53.04.84.23.94.73.33.61.51.9


2.72.43.02.23.31.72.92.73.51.31.42.03.11.9

-1.1.9

2.71.41.9.1

-.33\A.1

1.23.3.3.8

-1.6.5

1.12.7-.4-.1-.6

.41.43.84.2

-2.4-2.7

.7-1.3-.2

.91.0-.4

.31.0.2

1.21.52.64.54.13.94.72.92.81.22.1

Unit laborcosts

Busi-ness

sector

2.4.4

-.1-.3

.6

.2

4i56.45.62.2

811.16.55.56.37.49.5

10.77.47.8

L52.92.13.23.5

-1.84.33.21.02.3

.71.4.3

1.52.44.0

—1 5r.e3.01.92.0-.4

-1.6-.33.21.22.1-.71.15.4.3

4.92.6

.61.94.2-.1


3.1.2

-.5o'.3.2

2.24.14.26.65.62.5115.1

11.17.15.26.67.39.6

10.78.27.9

2.03.32.13.3112.04.33.31.22.1.8

1.1.4

1.62.44.5

-1.71.5-.62.41.81.7-.1

-1.4-.22.91.32.7-.61.05.1

.44.63.0

.51.44.2-.2

Implicit pricedeflator*

Busi-ness

sector

1.1.8g

LI1.62.52.83.94.44.44.63.55.39.29.55.66.36.98.28.79.15.53.62.82.61.62.411183.63.11.62.51.81.91 5L5.7

1.21.42.61.62.71.51.51.11.71.71.41.22.21.4.8.7.4.8.9.4

1.31.1.7


1.2.8

1.0.7

1.21.4

83.84.34.54.6

9710.55.96.66.58.29.39.56.0

8111.62.43.03.73.7

82.61.91.91.31.7.8

1.21.93.11.42.71.51.0.6

1.61.41.21.82.51.71.1.8.9.5.6

-.31.51.4.7

1 Output refers to real gross domestic product in the sector.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates based primarilyon establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes an estimateof wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers for recent quarters. The trend from 1978-98 is basedon the consumer price index research series (CPI-U-RS).5 Current dollar output divided by the output index.

Note.—Percent changes are based on original data and may differ slightly from percent changes based on indexes in Table EM7.Source: Department of Labor, Bureau of Labor Statistics.

363


PRODUCTION AND BUSINESS ACTIVITY

TABLE B—49.—Industrial production indexes, major industry divisions, 1950—99[1992=100; monthly data seasonally adjusted]

Year or month

1950195119521953195419551956195719581959I9601961 .19621963i%4 :: : : : : r™19651966196719681969197019711972197319741975 . . ' .. . .1976197719781979198019811982 . . .198319841985198619871988198919901991199219931994 . ..199519961997 .19981999/»1998-Jan

FebMarAprMayJuneJulyAll2sept".'..""..'.'"...:".:.""."":.'""..:'": roct ::NovDec

1999:JanFebMarAprMay ...June " '...'..::", "."":JulyAugSeptOct-pNovDec*

Tnt«|

industrialproduction

24.726.827830228.632233634.131935.7

36 739.842145049.553.855.058.160758.759565370.669663469.374979.382079.781.076.779.586688089.093297499.198997.0

1000103.4109.11144119.4127.11324137.21309130.71311131.71324131.5131.313361335134.113381338134113451351135.51362136613741377138113941399140.5

Total

23.525.426428826.930331631.929733.534.134237.339542246.851.052054.957454.855661566.965959365.471275.878575576.772176.383885788.192897199.098596.2

1000103.711001158121.3130.11364142.31345134.31345135313591348134.713741373138.313831384138613931397140.21410141414201425142914431452145.5

Manufacturing

Durable

22.725.627230.727.131032.032.228.232.4

32 335.938341.046.651.852.354.957152.752558665.464156161.968173.677473474.668272.2827

87.4

981100.599095.5

100.0105.411431239134.0148.01607172.81559156.41570158115961580157.316421646165.816541662166316681681169.41708172217381744175017641777177^

Nondurable

24.225.025426.526.729.631.131.631.935.135.937.039.341444.147.150.051.654.957857.860265568.868364070.575778.979978379.577781.985386089.193.896097.397997.0

100.0101.8105.21071107.8111.21116111.81130112.21120112.511221116112.011101104111.21116111111131123111811151119111311101115111811311136114.0

Mining

58.764.463965.664.371775.475.569372.573.974.476.579582785.890.492.195.6995

102.0995

1015102.51019997

100.51034106.510831115115.61112106.611391110102.610211047103.21048102.6100.0100.0102.51021103.7105.9103898.1

1077107.41058105.51060104.2103.110321017101.61015981980974975967974971978985983993998

100'.2

Utilities

14.516.517919.420.923325.627.328.631.533.735638.240944447.150.753357.662766.569774277.176176979.982084.486887385.082383.7867

t44

93997.1983

100.4100.0103.9105.31090112.6112.71144116.81094109.81138113011601178117.011731191115.61108112511451126116811631161117411981178117711861155119.5

Source: Board of Governors of the Federal Reserve System.

364


TABLE B-50.—Industrial production indexes, market groupings, 1950-99[1992=100; monthly data seasonally adjusted]

Year or month

19501951195219531954 .. . .1955 "..1956195719581959 ....Z!..! !196019611962196319641965 ..' '....".. .196619671968196919701971197219731974197519761977 ": ::::::::1978 .....'19791980198119821983 '...'.".'.'.1984198519861987198819891990199119921993199419951996199719981999*1998- Jan

FebMarAprMayJune :.:::::::::::::::JulyAugSept"OctNovDec

1999JanFebMarAprMay ZZZ1JuneJulyAug '"" "".'.'...

8fc=:Nov*Dec*

Totalindus-trialpro-duc-tion

24.726.827.830.228.632.233.634.131.935.736.536.739.842.145.049.553.855.058.160.758.759.565.370.669.663.469.374.979.382.079.781.076.779.586.688.089.093.297.499.198.997.0

100.0103.4109.1114.4119.4127.1132.4137.2130.9130.7131.1131.7132.4131.5131.3133.6133.5134.1133.8133.8134.1134.5135.1135.5136.2136.6137.4137.7138.1139.4139.9140.5

Final products

Total

23.825.727.529.427.930.131.932.831.334.335.535.838.841.043.347.652.154.2

5&557.061.966.566.362.466.872.477.279.779.381.278.380.087.089.390.393.397.999.999.597.7

100.0103.4107.7111.6115.3121.1125.4128.2125.1124.5124.9125.5125.8125.4124.8127.2126.7127.5126.8126.0126.6127.3127.3127.6128.2128.3128.6129.5129.1130.7131.0130.9

Consumer goods

Total

27.827.528.129.829.633.034.235.134.838.139.640.443.145.548.151.854.555.859.261.460.764.269.372.470.267.474.179.582.681.579.680.178.883.286.787.690.793.796.797.797.397.0

100.0103.6108.0110.8112.4115.1116.2117.2117.3116.2116.5117.1117.1116.0115.4116.9115.5116.0115.6115.1116.3117.2116.7116.5116.8117.0116.8117.6117.1118.9118.9119.1

Autp-motiveprod-ucts

29.225.823.229.327.336.329.931.324.931.235.732.639.543.245.355.855.648.958.258.549.262.767.774.764.660.8

$f?i62.361.659.174.389.495.497.5

100.7107.1108.9100.990.3

100.0111.3122.9122.6123.5130.7134.7144.7135.2133.2134.3136.3136.9123.1108.0143.5139.3143.4142.0141.7143.7142.0140.0142.0145.4147.4143.7150.6145.5147.9146.9144.6

Otherdura-

blegoods

24.821.421.424.222.326.327.727.125.629.429.630.533.135.739.044.248.749.352.856.354.657.866.270.064.757.063.971.874.973.669.770.764.473.180.177.382.689.194.595.996.095.2

100.0112.4125.0132.7136.6138.9149.0159.1147.2148.0149.6149.9151.0150.0150.9149.3148.3147.6147.3148.8152.8158.0157.8160.0158.3158.8161.1158.7159.7165.1163.5164.2

Non-durablegoods

3(1831.732.134.536.8

Si41.743.144.546.648.751.153.355.858.761.063.164.166.070.272.472.470.976.179.882.982.983.884.384.286.287.588.591.393.695.996.797.198.1

100.0101.5104.0106.5107.8110.1109.9108.9111.4110.0110.1110.6110.5110.7111.3109.8108.6108.9108.6107.9108.7109.3108.9108.3108.4108.4108.3108.9108.7110.0110.3110.7

Equipment

Total1

16.623.127.730.1

29.'530.727.530.231.030.634.036.138.143.150.253.454.956.452.449.153.759.961.956.7

Si71.077.679.182.877.776.487.691.890.092.999.9

103.7103.298.8

100.0103.2107.2112.8120.4132.1142.7149.1138.5139.1139.5140.1140.8141.7141.3145.3146.4147.5146.3145.2144.6144.9145.9147.0148.4148.3149.3150.5150.2151.4152.3151.8

Busi-ness

15.619.1ai19.821.424.8

8124.525.124.426.527.831.135.641.342.143.946.845.142.948.957.259.753.355.362.069.377.376.7

ft68.379.282.582.085.193.598.898.295.7

100.0104.6111.4119.4130.2145.7161.2171.8154.5155.1156.1157.2158.2159.9159.6165.1167.0168.4167.0166.3165.9166.3167.5169.4171.2171.2172.6173.9173.7175.1176.1175.6

fenseand

space11.929.341.249.443.539.838.940.640.843.044.244.952.056.154.360.170.680.680.776.865.158.556.855.554.753.754.654.4

ft63.264.572.680.489.5

103.8113.0117.5117.1117.4115.9106.7100.093.786.884.078.975.975.474.375.475.675.275.275.275.375.276.175.376.375.875.275.075.475.675.175.274.674.574.773.673.773.072.0

Inter-mediateprod-ucts

26.327.627.529.429.333.234.734.733.937.537.738.540.843.145.948.951.954.057.160.259.361.168.272.670.063.269.675.779.982.077.777.675.881.086.989.192.7

100.7102.5102.9101.997.5

100.0102.5106.3108.1110.8115.3118.8122.3117.1117.2117.6118.0118.7118.2119.0119.3119.0120.4120.0121.1121.4121.3121.6121.7122.3121.7121.5121.7122.6123.6123.6124.4

Materials

Total

25.127.828.2H34.235.135.131.636.436.936.940.242.846.351.656.255.759.462.960.761.667.974.372.863.971.476.981.083.980.381.475.178.385.986.386.390.495.197.097.295.9

100.0103.8111.9120.3127.8139.0146.5154.7143.4143.7144.0144.6146.0144.1144.0147.1147.8147.6147.9148.5148.2148.7150.3150.8151.7153.1155.0154.6155.7156.8158.0159.2

Dura-ble

21.324.324.828.925.030.630.730.625.830.731.130.433.8

8S45.049.647.8

£48.448.654.962.861.050.858.564.670.273.367.770.462.668.279.580.982.387.593.695.795.393.2

100.0106.6118.7133.4147.7167.0182.1198.6176.5177.4177.8179.0181.3178.4178.4185.5186.5187.0187.7189.2188.8189.2191.9193.1194.3197.2200.3199.9202.3203.1205.9207.3

Non-

able

23.026.327.627.427.331.231.733.035.837.941.345.348.949.854.759.259.562.068.473.473.765.674.378.981.684.480.782.374.681.084.583.285.790.994.897.298.196.9

100.0102.0107.1108.6108.1112.9112.7114.2114.2113.8113.5113.9113.6112.6113.0111.5111.9111.3111.8111.7111.3112.4112.7112.8113.8114.2114.5114.4114.7116.5117.2117.4

Ener-gy

51.457.861.161.857.360.761.562.064.167.970.773.978.681.385.089.493.894.698.298.996.394.296.597.998.9

101.4102.2100.296.794.799.599.195.296.298.599.5

100.6100.8100.099.5

101.3102.4103.5103.6103.1102.0103.1103.0103.9103.5105.0104.3103.5103.4104.0103.2102.1101.6101.8101.7102.4102.2102.2101.6102.9102.3101.8102.6101.6103.4

'Two components—oil and gas well drilling and manufactured homes—are included in total equipment, but not in detail shown.Source: Board of Governors of the Federal Reserve System.

365


TABLE B-51.—Industrial production indexes, selected manufactures, 1950-99[1992=100; monthly data seasonally adjusted]

Year or month

195019511952195319541955 . .1956195719581959I96019611962 .'""196319641965. ;1966 .'19671968 !"!"..!'"..."1969197019711972197319741975 '. ! !....197619771978 !....197919801981

!| ::::::::::::

198719881989 ...19901991 . .199219931994 . .19951996199719981999"1998:Jan

FebMar

&::::JuneJulyAug

tf-NovDec

1999: JanFebMar

£ •:::::JuneJulyi| :::::::odV

Nov/'Dec*

Durable manufactures

Primarymetals

Total

75.582.175.085.068.889.488.885.067.478.878.577.082.689.1

100.5110.6117.4108.5112.4120.9112.5106.7119.5135.6131.4104.7117.1119.0128.0130.0108.0113.9

8i8291.297.8

106.2104.9

W100.0105.1113.8116.2119.6126.7125.6126.5130.7130.6128.9128.9128.3123.5123.8124.9128.3128.3131.2131.3122.9120.1124.0123.9123.9127.4128.0129.6128.3128.3131.2131.3

Ironandsteel

106.9119.5105.2121.394.3

125.3123.0118.589.3

102.8104.599.8

104.0113.3128.9141.4145.7134.6139.0151.4140.9128.9143.3163.1158.0127.0139.9138.0147.5148.4119.0126.680.590.0

954107.6106.2106.496.0

100.0106.1114.4116.5118.9125.6122.6122.9130.5130.8129.1127.4127.0121.4121.6122.3125.9124.4129.9129.7118.1114.6118.1119.4120.1124.5126.2127.6125.9124.4129.9129.7

Fabri-catedmetalprod-ucts

43.045.944.850.645.552.052.754.148.554.454.553.157.7

ffi69.674.577.982.183.577.477.084.593.990.178.186.594.798.2

101.694.493.0

ft!Si95.6

101.9106.1104.8101.296.2

100.0104.4112.2116.4120.1126.1128.8128.8129.4129.3129.2129.4129.9129.2127.7127.2128.4129.0130.1130.3129.0128.4128.5128.0127.2128.3128.6128.5128.4129.0130.1130.3

Indus-trialma-

chineryand

equip-ment

14.518.420.020.917.819.522.422.318.821.922.021.424.025.629.232.8

iii39.242.441.138.244.351.855.147.7

Sifti70.574.7

8378.981.281.886.097.1

103.0100.195.4

100.0110.1125.6143.7159.6178.3206.4230.5193.5196.3199.1199.2201.1205.9209.9211.7235.5239.0240.5241.6217.5221.7224.6227.0228.4228.2230.0231.4235.5239.0240.5241.6

Electri-cal

machin-ery

7.47.48.59.78.69.9

10.710.69.7

11.812.813.615.716.117.020.324.424.525.827.526.326.430.234.434.129.332.938.142.246.948.651.051.7

7i!o75.682.585.887.789.6

100.0109.4130.5165.7206.6260.0315.1389.6287.4289.6291.9298.0303.5311.7319.0323.3402.1410.9417.7425.4346.7347.5354.0366.4373.3384.2399.2401.3402.1410.9417.7425.4

Transportationequipment

Total

24.927.832.340.635.340.639.442.233.337.739.036.742.446.547.756.760.859.564.664.153.858.262.270.864.457.965.971.977.578.770.366.9

196.1

101.1105.1102.396.5

100.0103.5107.5106.7107.6117.1121.6122.3121.7120.8120.4121.9124.1113.2105.6129.1123.1122.1121.8118.9122.7123.2122.6122.1122.8123.5122.9122.9123.1122.1121.8118.9

Motorvehicles

andparts

38.034.829.837.632.443.435.236.927.335.440.035.142.747.348.562.060.953.664.264.551.965.071.082.771.460.579.792.496.889.065.862.856.972.1

94i9100.2101.295.388.5

100.0113.0130.6133.2131.8140.6141.7151.0143.7141.9140.6143.3146.6123.2106.9155.8155.6156.6156.4152.0146.5147.8148.1148.4150.6152.9152.2152.2155.6155.6156.4152.0

Lum-berand

prod-ucts

45.345.244.647.146.852.351.747.448.254.6

Si56.859.563.966.468.968.270.270.169.771.581.982.274.669.579.086.187.586.380.478.170.3

99.6104.9105.1104.3101.694.5

100.0100.8105.9107.9110.1115.0118.5121.7116.3117.2116.9117.6117.5117.9118.6119.6119.7120.4120.9121.6122.6122.3121.7121.5123.9122.2121.5120.2119.7120.4120.9121.6

Nondurable manufactures

Apparelprod-ucts

52.551.554.254.954.259.961.361.159.465.466.767.169.972.775.379.581.681.283.285.982.583.588.689.385.377.991.898.0

100.495.395.497.396.3

iBIA105.5103.5100.397.297.8

100.0102.4106.3107.1104.1102.1

8S100.498.998.797.796.897.096.996.389.089.689.589.5

91.892.491.290.7

8289.089.689.589.5

Textilemill

prod-ucts

38.338.037.638.636.141.242.340.339.845.044.145.448.550.354.359.162.762.770.073.672.076.083.386.778.975.283.588.388.691.589.086.3

86'.590.596.395.096.593.292.7

100.0105.3110.6110.2108.7111.9110.9111.2114.7112.2112.5112.7113.6112.3112.0110.6110.8114.0112.3111.8108.0110.5110.1111.4110.9110.8112.3111.7110.8114.0112.3111.8

Printingand

publish-ing

25.726.226.127.328.431.333.234.433.635.937.337.538.940.943.446.249.752.453.355.954.354.858.560.059.155.360.466.370.172.072.474.377.581.487.090.293.4

102.5103.4103.5103.199.1

100.0100.7100.7101.3101.3105.2105.1104.5106.0105.7105.5105.5105.5104.2104.4104.5104.6106.4106.0106.0104.3104.3103.7104.2104.1103.5102.8103.6104.6106.4106.0106.0

Chem-icalsand

prod-ucts

10.111.411.912.913.115.316.417.317.920.821.622.725.227.630.233.736.738.443.246.748.651.758.2

8S60.167.272.476.479.275.977.371.076.079.379.482.487.092.295.197.396.4

100.0101.6104.8107.4109.8114.6115.1117.1116.3115.7115.5116.2115.6114.9115.5114.0117.4119.1120.7121.2114.5116.6116.8115.6117.0116.3115.8117.7117.4119.1120.7121.2

Foods

32.232.833.534.234.936.939.039.640.642.643.845.046.448.150.351.553.455.857.359.260.162.065.366.667.567.170.974.677.277.979.781.4

Hi86.4

Si93.5

81ft

100.0102.0103.7105.8105.4107.8109.3110.3109.9109.3109.4109.4109.5108.9108.4107.7109.6110.6111.9110.4111.0111.4110.9110.6110.6110.0108.9108.9109.6110.6111.3111.4


366


TABLE B-52.—Capacity utilization rates, 1950-99[Percent;1 monthly data seasonally adjusted]

Year or month

19501951

19531954195519561957195819591960196119621963196419651966196719681%9197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1998- Jan

FebMarAprMay":"":::::"::::"!""::"::::JuneJulyAugSept .OctNovDec

1999- JanFebMarAprMayJune ZZZZZZ::JulyAugSept "'Oct*Nov*Dec*

Totalindustry

87087387381179.484488.484374679383585.886081580874575.780879878781384.084182379.380281383.183.382583381.880783382782582482481.380881.981581.580.980680480.480580480580580780780681.281.281.3

Total

82.885885.489380187086183.675081680177381.483585.689591187.287186679477.983487.783472.978282685.285379578371874.479878878781383.883681477.979480.582.582.681.582480.979.882581.981581581.380.179780.880480.580.279979679.779679579779679.779779780.280.480.3

Durablegoods

87.587286777.274.781488.083170.675780884.485678476868070.177676875777.981.782079.074.776.678.881.581.780.882180.979.982481.981581381.379.778781.581181.180.380179679.379579679779980.380280080.380.480.0

Manufacturing

Non-durablegoods

86.386686582882.686487.383976.381885386.484981080477580.882981582885986.485784481.9828

83 783.782.483181.380.383282.482182281981.281480.580080480.580180280780380080279779.479779980.781.081.2

Primaryprocessing

88.590.284.989480.692089.484.775483079877.981.583887.891091.485.386186579.978.785590.585172.179283885.986077277268674.580079179984.586.886183.979.682.384.087.286.685.486184.083.086085.585185184.783.783583.082682782.683183182.882982.682782.782.982882883.383.783.7

Advancedprocessing

79.883.485.989380.084284.483.174981.180577.281.683484.688891.188.087386.478.977.182.286.282573.377681.984.884980878873.574.479778.678179.982.382.580.377.278.179.080.580.879.981.079.878.881380.780380280.278.978.380.279779.979.478878.478.778578.578778.678.678878.779.279.479.1

Mining

81.283586.588.887.390.392.392389.789890990.991493493986380.486084377680.385.286989.888.486.486.187.587.088.589.286.481.690089.788287988.386.785785.884.584.384.281481380.980980.481080.781.381981882.683.183.4

Utilities

94.595196.796.294.695.293.587384.485285.085.486685982579.379.781983.580682.584.986.385.786.384.587.187.489.290.489.790.891.687187.490.689892.293.692.993.094.491.587.688990.388.791.991.491192.193.992292.092.690.193.1

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

367


TABLE B-53.—New construction activity, 1959-99[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

1959I960196119621963

New series196419651966 ....!196719681969 ....' !1970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997 ! ! !19981998: Jan

Feb .. .MarApr .""I"!"'."""'.!!MayJuneJulyAug I:::::::::::::::"SeptOctNovDec

1999: JanFebMarAprMayJuneJulyAUK . ..SeptOct ..Now

Totalnew

construc-tion

55.454.756.460.264.8

75.181.985.887.296.8

104.9105.9122.4139.1153.8155.2152.6172.1200.5239.9272.9273.9m311.6369.0401.4429.9441.6455.6469.8468.5424.2452.1478.6519.5537.4583.4618.2665.4640.0644.6650.5656.3648.7672.8673.7670.0672.1674.3680.1690.5697.9710.7715.4704.6698.5698.9702.0698.4698.2697.3715.1

Private construction

Total

39.338.939.342.345.5

54.960.061.961.869.477.278.092.7

109.1121.4117.0109.3128.2157.4189.7216.2210.3224.4216.3248.1298.8

35LO360.9371.6361.1314.1336.2362.7399.3407.5449.0475.1520.1495.0499.9506.7511.8510.9525.3525.2523.7524.3528.7534.7541.6543.5548.7555.4547.9546.9546.9546.0541.8540.9540.3549.8

Residentialbuildings1

Total2

24.323.023.125.227.9

30.530.228.628.734.237.235.948.560.765.156.051.668.392.0

109.8116.4100.499.284.7

125.5153.8158.5187.1194.7198.1196.6182.9157.8187.8210.5238.9230.7256.5265.9294.3277.6280.8284.0287.6288.0291.9297.3297.3299.8302.1306.3310.3315.8318.5323.1322.2321.8320.9320.3319.7320.0322.1325.8

Newhousing

units

19.217.317.119.421.7

24.123.821.821.526.729.227.138.750.154.643.436.350.872.285.689.369.669.457.094.6

113.8114.7133.2139.9138.9139.2128.0110.6129.6144.1167.9162.9179.4187.3213.9197.7200.6203.8207.4207.5211.2216.8216.2219.0221.6226.1230.5235.1238.1241.5241.2239.9238.5238.9238.6239.1239.6243.9

Nonresidential buildings and otherconstruction1

Total

15.115.916.217.217.6

24.429.733.333.135.239.942.144.248.456.361.157.859.965.479.999.8

109.9125.1131.6122.6144.9165.1158.2156.3162.8175.1178.2156.2148.4152.2160.5176.8192.5209.3225.7217.4219.1222.7224.3222.9233.4227.9226.3224.5226.6228.4231.3227.6230.2232.2225.7225.1226.0225.6222.1220.9218.2224.0

Com-mer-cial3

3.94.24.75.15.0

7.99.49.49.3

10.412.513.015.318.821.721.717.217.019.724.734.041.748.753.953.471.688.184.083.286.489.285.862.253.257.964.475.487.099.0

110.2105.0103.6104.1107.3107.5113.4111.9110.0110.1115.1116.0117.4117.1119.6120.4118.5120.4118.9118.6117.5117.6115.4119.8

Indus-trial

2.12.92.82.82.9

5.07.29.38.48.59.69.37.86.79.0

11.511.710.511.316.222.020.525.426.119.520.924.121.021.223.228.833.631.429.026.5

£32.731.432.332.332.336.033.232.032.831.533.232.430.930.830.329.929.029.126.225.025.526.225.725.624.625.6

Other4

9.08.98.79.29.7

11.513.114.615.416.317.819.821.122.925.627.928.932.434.539.043.747.751.051.649.852.452.953.252.053.257.158.862.666.267.867.168.972.978.983.280.283.382.683.883.487.284.683.282.080.681.683.680.781.682.881.079.781.780.778.977.778.178.6

Public construction

Total

16.115.917.117.919.4

20.221.923.825.427.427.827.929.730.032.338.143.344.043.150.156.663.664.763.163.570.277.884.690.694.798.2

107.5110.1115.8116.0120.2129.9134.5143.1145.4145.0144.7143.8144.4137.8147.5148.5146.4147.8145.6145.4148.9154.4162.0160.0156.7151.6151.9156.0156.6157.2157.0165.3

Federal

3.73.63.93.94.0

3.73.93.83.33.23.23.13.84.24.75.16.16.87.18.18.69.6

10.410.010.611.212.012.414.112.312.212.112.814.414.414.415.815.314.114.413.914.514.313.713.614.015.814.814.613.914.914.413.915.513.914.112.713.514.113.412.714.112.9

State andloca^

12.312.213.314.015.4

16.518.020.022.124.224.624.825.925.827.633.037.237.236.042.048.154.054.353.152.959.065.872.276.682.586.095.497.3

101.5101.5105.8114.2119.2129.0131.0131.1130.2129.5130.8124.2133.5132.7131.6133.1131.7130.5134.4140.5146.5146.1142.6138.9138.4141.9143.3144.6142.8152.4

1 Beginning 1960, farm residential buildings included in residential buildings; prior to I960, included in nonresidential buildings and otherconstruction.2 Includes residential improvements, not shown separately. Prior to 1964, ajso includes nonhousekeeping units (hotels, motels, etc.).3 Office buildings, warehouses, stores, restaurants, garages, etc., and, beginning 1964, hotels and motels; prior to 1964 hotels and motelsare included in total residential.4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities (telecommuni-cations, gas, electric, railroad, and petroleum pipelines), and all other private.5 Includes Federal grants-in-aid for State and local projects.

Source: Department of Commerce, Bureau of the Census.

368


TABLE B-54.—New housing units started and authorized, 1959-99[Thousands of units; monthly data at seasonally adjusted annual rates]

Year or month

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*1998- Jan

FebMarAprMayJune:.:""" 1.JulyAugsept':::::::::::::::::::Oct . .NovDec

1999: JanFebMarAprMayJuneJulyAUEsept :::::.:::::::::::OctNov/'Dec*

New housing units started

Private and public1

Total(farm andnonfarm)

1,553.71,296.11,365.01,492.51,634.91,561.01,509.71,195.81,321.91,545.41,499.5

2i378:52,057.51,352.51,171.41,547.62,001.72036.11,760.01,312.61,100.31,072.11,712.51,755.81,745.01,807.11,622.7

(4)(4

iiPI(4

(4

i-(4

i!(4

(4

(4)(4)(4)(4)(4)(4)

i!i:(4

PI(4

(4)(4)

Nonfarm

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

(3)(3)

i*!(3)

PI(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)

8(3)

P!(3)

PIPI(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)(3)

PI

Private (farm and nonfarm)1

Total

1,517.01,252.21,313.01,462.91603.21,528.81,472.81,164.91,291.61,507.61,466.81,433.62052.22,356.62,045.31,337.71,160.41,537.51,987.12020.31,745.11,292.21,084.21,062.21,703.01,749.51,741.81,805.41,620.51,488.11,376.11,192.71,013.91,199.71,287.61,457.01,354.11,476.81,474.01,616.91663.0

1,5271,6441,5831,5421,5411,6261,7191,6151,5761,6981,6541,7501,8201,7521,7461,5771,6681,6071,6801,6551,6371,6421,5981,712

Type of structure

lun i t

1,234.0994.7974.3991.4

1,012.4970.5963.7778.6843.9899.4810.6812.9

1,151.01,309.21,132.0

888.1892.2

1,162.41,450.91,433.31,194.1

852.2705.4662.6

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

894.8840.4

1,029.91,125.71,198.41,076.21,160.91,133.71,271.41,331.7

1,2271,2831,2341,2351,2211,2741,3061,2641,2511,298

ifim1,3941,2601,3891,3051,3321,2891,2951,3391,2991,402

2 to 4units

2825334759

108.486.661.171.680.985.084.8

120.3141.3118.368.164.085.9

121.7125.0122.0109.591.180.0

113.5121.493.484.065.358.855.237.535.630.729.435.033.745.244.542.631.7

49684443504541502740

857

3330262939

%252430

5 unitsor more

2.97.51.7..55.7

450.0422.5325.1376.1527.3571.2535.9780.9906.2795.0381.6204.3289.2414.4462.0429.0330.5287.7319.6522.0544.0576.1542.0408.7348.0317.6260.4137.9139.0132.6223.5244.1270.8295.8302.9299.6

251293305264270307372301298360249338

8319287253273309

81278275280

New private housing units authorized2

Total

1,208.3998.0

1,064.21,186.6

1285:81,239.8

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

939.21,296.21,690.01,800.51,551.81,190.6

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

948.81,094.91,199.11,371.61,332.51,425.61,441.11,612.31,640.2

1,5781,6611,6061,5291,5491,5311,6261,670

16881,7081,7781,7381,6541,5721,5911,6411,6411,6191,5061,5941,6121,622

Type of structure

1 unit

938.3746.1722.8716.2750.2720.1709.9563.2650.6694.7625.9646.8906.1

1,033.1882.1643.8675.5893.6

1,126.11,182.6

981.5710.4564.3546.4901.5922.4956.6

1,077.61,024.4

993.8931.7793.9753.5910.7986.5

1,068.5997.3

1,069.51,062.41,187.61,231.8

1,1651,2001,1621,1551,1741,1431,1911,2021,1711,2101,2541,2961,2791,3061,2421,2141,2431,2411,2471,2101,1711,1781,2001,228

2 to 4units

77.164.667.687.1

118.9100.884.861.073.084.385.288.1

132.9148.6117.064.363.993.1

121.3130.6125.4114.5101.888.3

133.6142.6120.1108.489.375.767.054.343.145.852.362.263.765.868.569.266.4

687772576473747270696377797269675964636663626870

5 unitsor more

192.9187.4273.8383.3465.6464.9445.1347.7417.5574.4612.7616.7885.7

1,037.2820.5366.2199.8309.5442.7487.3444.8365.7319.4365.8570.1616.8656.6583.5421.1386.1339.8262.6152.1138.4160.2241.0271.5290.3310.3355.5342.0

345384372317311315361396328447371335420360343291289336331343272354344324

1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department of Hous-ing and Urban Development "Turnkey" orogram are classified as private housing. Military housing starts, including those financed with mort-gages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded from total privatestarts.2 Authorized by issuance of local building permit: in 19,000 permit-issuing places beginning 1994; in 17.000 places for 1984-93; in 16,000places for 1978-83; in 14,000 places for 1972-77; in 13,000 places for 1&7-71; in 12,000 places for l§63-66; and in 10,000 places priorto 1963.3 Not available separately beginning January 1970.4 Series discontinued December 1988.


369


TABLE B-55.—Manufacturing and trade sales and inventories, 1954-99[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

195419551956195719581959I960196119621963 "I":.:1964196? ::::::19661967196819691970197119721973197419751976197719781979198019811982 :::::::1983198419851986198719881989

19911992199319941995199619971998 .. .1998: Jan


1999= JanFebMarAprWayJuneJulyAugsept1:::.:...:OctNov*

Total manufacturing andtrade

Sales1

46,44351,69454,06355,87954,20159,72960,82761,15965,66268,99573,68280,28387,18790,82098,685105,690108,221116,895131,081153,677177,912182,198204,150229,513260,320297,701327,233355,822347,625369,286410,124422,583430,419457,735497,157527,039545,909542,815567176595,444638,742684,261717,135752,095777,772

m774,054773,653772,689775,648775,112774,164781,291784,513788,042796,406794,865803,481812,055812,237821,761829,593834,062844,439842,647846,797858,160

Inven-tories2

73,17579,51687,30489,05287,05592,09794,71995,580101049105,463111,504

illiii178,594188,991203,227234,406287,144288,992318,345350,706400,931452,640508,924545,786573,908590,287649,780664,039662,738709,848767222815,455840,663834,715842,939870,316934,342994,826,013,201,060,326,095,042

l]074i2431,077,1011,077,2941,078,5061,079,8041,083,7161,088,4141,091,2461,095,0411,095,0421,095,2091,098,3081,103,6191,105,6541,108,9011,112,3111,115,7901,119,2511,124,0161,127,7721,137,356

Ratio3

1.601.471.551.591.611.541.561.561.541.531.511.511.571.601.591.611.651.621.551.531.611.591.561.531.541.521.561.531.671.561.531.561.551.501.491.521.52

ffi1.441.411.431.41aa1.391.391.391.391.391.401.391.391.391.371.381.371.361.361.351.341.34

!ii1.331.33

Manufac-turing

Sales1

23,35526,48027,74028,73627,24830,28630,878

35̂ 058m.44,87046,48650,22953,50152,80555,906

8479086,58998,797113,201126,905143,936154,391168,129163,351172,547190,682194,538194,657206,326224,619236,698242,686239,847250,394260,635279,002299,555309,622327,452337,687331,937335,883338,991335,553333,622335,110335,380336,445340481340,133341,423344,247341,673343,724349,065347,568350,624354,702357,301361,844358,709360,201364,913

Inven-tories2

41,61245,06950,642m52,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145101,599102,567108,121124,499157,625159,708174,636188,378211,691242,157265,215283,413311852312,379339,516334,749322,654338,109369,374391,212405,073390,950382,510384,039404,877430985436,729456,133466,798458,197461,178461,948464,668465,729466,701467,636468,445468,552471,031471,000466,798464,867464,198463,578463,194463,742462,690465,043464,351465,669467,522469,518

Ratio3

1.811.621.731.801.841.751.741.771.741.711.701.661.741.821.801.831.921.831.721.711.861.841.771.661.671.681.721.691.951.781.731.731.681.591.571.631.651.651.541.471.411.411.40

iiii)1*1.401.391.391.391.381.381.381.361.361.351.331.331.321.301.301.281.301.301.29

Merchantwholesalers

Sales1

8,9939,89310,51310,47510,25711,49111,65611,98812,67413,38214,52915,61116,98719,57621,01222,81824,16726,49229,86638,11547,98246,63450,69856,13666,41379,05193,099101,18095,21199,225112,199113,459114,960122,968134,521143,760149,506148,306154,150161,223172,237187,889198,668206,671211,251209,635209,112210,555211,441210,436210,660211,665209,621211,305211,499212,157215,550213,597216,138219,595219,921223,909227,863227,293229,827231,135233,048236,805

Inven-tories2

10,63711,67813,2601273012,73913,87914,12014,48814,93616,04817,00018,31720,76525,78627,16629,80033,35436,56840,29746,91858,6675777464,62273,17986,93499,679122,631129,654127,428130,075142,452147,409153,574163,903178,801187,009195,775200,376208,244216,974235,413253,565255,871273,885287,484273,523276,503278,013277,163278,837278,881279,067281,803284,138284,073285,615287i484286,698288,638289,360289,636290,216291,367293,982295,558298,469299,793302,947

Ratio3

1.181.131.191.231.241.211.211.211.181.201.171.171.221.321.291.311.381.381.351.231.221.241.271.301.311.261.321.281.361.281.23

i*1.291.301.281.291.331.321.321.311.321.291.281.331.301.321.321.311.331.321.321.341.341.341.351.331.341.341.321.32

ii§1.291.291.291.291.28

Retailtrade

Sales1

14,09515,32115,8111666716,69617,95118,29418,24919,630m23,67725,33024,75727,44529,37131,24934,49738,18942,63145,14148,97554,65560,17667,00274,71379,74386,51489,06297,514107,243114,586120,803128,442138,017146,581153,718154,661162,632173,586187,503196,816208,845217,972228,834223,038224,158224,508226,659228,631229*78228,067228,098229,505232,881234,462236,609239,595243,619243,395244,748247,228247,028249,468252,768252,803253,548256,442

Inven-tories2

20,92622,76923,40224,45124,11325,30526,8132622127,94129,38631,09434,40538,07335,24938,88542,45543,6414985654,80962,98970,85271,51079,08789,149102,306110,804121,078132,719134,628147,833167,812181,881186,510207,836219,047237,234239,815243,389252,185269,303294,052310,276320,601330,308340,760331,323331,938334,282335.270332,728332,924333,101333,468335,724336,142338,426340,760343,644345,472350,681352,824354,943358i254356,765359,342359,878360,457364,891

Ratio3

1.511.431.471.441.441.411.471.441.42

ft1.451.501.421.421.451.401.451.441.481.571.461.451.481.531.481.521.531.491.441.491.521.561.551.541.581.561.541.521.511.501.551.511.491.461.491.481.491.481.461.451.461.461.461.441.441.441.431.421.441.441.441.451.431.421.421.421.42

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

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

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

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


370


TABLE B-56.—Manufacturers' shipments and inventories, 1954-99[Millions of dollars; monthly data seasonally adjusted]

Year or month

195419551956 .".'..' '"195719581959 .'1960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981998-Jan

FebMar

f,-JuneJulyAugSeptOctNovDec

1999:JanFebMarAorMayJuneJulyAugSeptOctNov

Shipments1

Total

23,35526,48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544,87046,48650,22953,50152,80555,90663,02772,93184,79086,58998,797113,201126,905143,936

154,391168,129163,351172,547190,682194,538194,657206,326224,619236,698

242,686239,847as279,002299,555309,622327,452337,687331,937335,883338,991335,553333,622335,110335,380336,445340,481340,133341,423344,247

341,673343,724349,065347,568350,624354,702

357,301361,844358,709360,201364,913

Durablegoodsindus-tries

11,82814,07114,71515,23713,55315,597

15,87015,60117,24718,25519,61122,19324,61725,23327,62429,403

28,15629,92433,9873963544,17343,59850,62359,16867,73175,927

77,41983,72779,21285,48197,940101,279103,238108,128118,458123,158123,776121,000128,489135,886149,131160,586167,013179,892189,666182,303187,298189,998186,843185,789186,536186,907188,789192,842193,818194,823195,531194,091194,465198,292197,246199,425200,990203,268205,709201,895202,306204,293

Nondur-able.goodsindus-tries

11,52712,40913,02513,49913,69514,68915,00815,32116,11116,80317,72018,80220,25321,25322,60524,09824,64925,98229,04033,29640,61742,99148,17454,03359,17468,00976,97284,40284,13987,06692,74293,25991,41998,198106,161113,540118,910118,847121,905124,749129,870138,970142,608147,560148,022149,634148,585148,993148,710147,833148,574148,473147,656147,639146,315146,600148,716147,582149,259150,773150,322151,199153,712

154,033156,135156,814157,895160,620

Inventories2

Total

41,61245,06950,64251,87150,20352,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145

101,599102,567108,121124,499157,625159,708174,636188,378211,691242,157

265,215283,413311,852312,379339,516334,749322,654338,109369,374391,212

405,073390,950382,510384,039404,877

436,'729

tt)S458,197461,178461,948464,668465,729466,701467,636468,445468,552471,031471,000466,798464,867464,198463,578463,194463,742462,690465,043464,351465,669467,522469,518

Durable goods industries

Total

23,71026,40530,44731,72830,19432,01232,33732,49634,56535,77638,42142,18949,85254,89658,73264,59866,65166,13670,06781,192101,493102,590111,988120,877138,181160,734

174,788186,443200,444199,854221,330218,193211,997220,799242,468257,513263,209250,019238,105239,334253624268,353273,815286,372295,344288,086290,153290,887293,393294,375295,143295,669296,913296,757298,561297,981295,344

293,563294,030293,391292,415292,403291,645293,505292,461292,901293,448294,704

Mate-rialsand

supplies

7,8949,19410,41710,6089,97010,70910,30610,24610,79411,05311,94613,29815,46416,42317,34418,63619,14919,67920,80725,94435,07033,90337,45740,18645,19852,670

55,17357,99859,13660,32566,03163,90461,33163,56269,61172,43573,55970,83469,4597259078,4688557786,43889,84491,74090,77991,42891,92292,47092,77893,19893,44593,04293,29193,34593,11591,74091,97492,43692,29891,72291,67792,03192,91892,53192,99092,87294,186

Workin

proc-ess

9,72110,75612,31712,83712,40813,08612,80913,21114,12414,83516,15818,05521,90824,93327,21330,282

29,74528,55030,71335,49042,53043,22746,07450,22658,84869!325

76,94580,99886,70786,89998,25198,16297,000102,393112,958122,251124,130114,960104,424102,468107,037107,209111,289117,236121,246117,542

IKS120,494121,101121,420121,367122,862122,063123,446122,509121,246119,364119,250118,609117,829117,183116,056116,737115,260115,393115,659115,558

Finishedgoods

6,0406,3487,5658,12578168,2179,2229,0399,647

£!*Bff13,54014,17515,68017,75717,90718,54719,75823,89325,46028,45730,46534,13538,739

42,67047,44754,60152,63057,04856,1275366654,84459,89962,827

888$68,11975,56776,08879,29282,35879,76580,36380,52780,42980,49680,52580,85781,00981,40381,77082,35782,35882,22582,34482,48482,86483,54383,55883,85084,67084,51884,91784,960

Nondurable goods industries

Total

17,90218,66420,19520,14320,00920,90121,44922,37523,60724[253

26J0182813429,75031,82833,547

34,94836,43138,05443,30756,13257,11862,64867,50173,51081,42390,42796,970111,408112,525118,186116,556110,657117,310126,906133,699141,864140,931144,405144,705151,253162,632162,914169,761171,454170,111171,025171,061171,275171,354171,558171,967171,532171,795172,470173,019171,454171,304170,168170,187170,779171,339171,045

171,538171,890172,768174,074174,814

Mate-rialsand

supplies

8,1678,5568,9718,7758,6769,0949,0979,5059,83610,00910,16710,48711,19711,76012,32812,75313,16813,68614,67718,14723,74423,56525,84727,38729,61932,814

36,60638,16544,03944,81645,69244,10642,33545,31949,39650,674

52,64553,01154,00755,07258,1576232460,41661,23362,30661,73262,13062,36462,08661,92662,37462,67362,6276283862,69162,747

. 62,30662,0416150361,09061,02761,16660,92160,99760,89561,16061,19261,630

Workin

proc-ess

2,4402,5712,7212,8642,8272,9422,9473,10833043,4203,5313,8254,2264,4314,8525,1205,2715,6785,9986,7298,189

9i92910,96112,08513,91015,88416,19418,61218,69119,32819,44218,12419,27020,55921,65322,81722,81523,53223,37124,63826,00726,62129,49829,34429,34829,62229,39029,74629,80029,82829,67829,27529,16429,40229,79529,344

29,44129,45729,78630,34730,61030,55330,33629,97230,19430,55930,838

Finishedgoods

7,4157,6668,6228,6248,5068,8659,4059,76210,46710,8241129111,70612,71113,55914,64815,674

16,50917,06717,37918,43124,19924,71926,87229,15331,80634,69937,93742,61148,75749,018

5CU9852,72156,95161,37266,40265,10566,86666,26268,45874,30175,87779,03079,80479,03179,27379,30779,44379,62879,35679,61679,63079,79380,37780,47779,80479,82279,20879,31179,40579,56379,571

80,20581,02381,41482,32382,346

1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period. Data beginning 1982Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.

are not comparable with data for prior periods.

371


TABLE B-57.—Manufacturers' new and unfilled orders, 1954-99[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

1954195519561957 . . .1958195919601961 "I"..!.'.'."...1962196319641965 . ..196619671968196919701971197219731974 ....'.1975197619771978197919801981 I'.'. ™"1982198319841985198619871988198919901991199219931994 .. ..19951996199719981998-Jan

FebMarAorMayJuneJulyAug

tfNovDec

1999:JanFebMar

fcEJuneJulyAugSeptOctNov/>

Neworders1

Total

22,33527,46528,36827,55927,19330,71130,23231,11233,44035,51138,2404213746,42047,06750,65753,99052,02255,92164,18276,00387,32785,13999,513115,109131,629147,604156,359168,025162,140175,451192,879195,706195,204209,389228,270239,572

. 244,507238,805248,212257,698279,733300,632312,442329,335336,140336,432334,446334712337,502330,233331,188334,821337,815340,388334,663335,930343,982349,314343,046349,722344,915348,259351,128359,903364,440360,886360,725365,477

Durable goodsindustries

Total

10,76814,99615,36514,11113,38715,97915,28815,7531736318,67120,50723,28626,16325,80328,05129,87627,34029,90535,03842,62746,86241,95751,30761,03572,27879,48379,392m88,140100,164102,356103,647110,809122,076126,055125,583119,849126308133,081149,542161,782169,711181,726188,308187,048186,033185,963188,921182,777182,986186,617190304192,783188,523189,193195,574201,708193,786199,366194,674196,609197,084205,532207,446204,349202,442204,550

Capitalgoods

industries,non-

defense

6,3147!0466,0726,6827,7459,92611,5949,88611,49013,68117,58821,15421,13521,80619,2131962423,66924,54523,98226,09431,10832,98833,33130,47131,52431,69435,69740,51144,63148,16551,70052,30250,43650,50251,24050,83451,05350,76355,37153,54050,13850,67552,00556,86353,23353,29952,52553,04150,94855,03056,42356,05056,29154,319

Non-durablegoods

industries

11,56612,46913,00313,44813,80514i73214,94415,35916,07816,84017,73218,85120,25821,26522,60624,11424,68226,01629,14433,37640,46543,18148,20654,07359,35168,12176,96784,37184,07787,31192,71593,351m106,194113,516118,924118,957121905124,617130,191138,851142,730147,610147,832149,384148,413148,749148,581147,456148,202148,204147,511147,605146,140146,737148,408147,606149,260150,356150,241151,650154,044154,3711 KC 004130,794

1601927

Unfilledorders2

Total

48,26660,00467,37553,18346,60951,71744,21346,62447,79853,41764,51878,24996,846103,711108,377114,341105,008105,247119,349156,561187,043169,546178,128202024259,169303,593327,416326,547311,887347,273373,529387,196393,515430,426474,154508,849531,131519,199492,893457,810466,699479,674513,062536,131519,038540,626539,189534,910536,859533,470529,548528,989530,359530,266524,796519303519,038526,677525,9995«m520,666523,262525,439525,963526,527

Durablefoods

industries

45,25056,24163,88050,35243,80748,36941,65043,58245,17050,34661,31574,45993,00299,735104,393110,161100,412100,225113,034149,204181,519161,664169,857193,323248,281291,321315,202314,707

333;il4359,651372,097376,699408,688452,150487,098509,124495,802469,381436,017440,998455,459487,441509,927495,172514,672513,407509,372511,450508,438504,888504,598506,113506,054500,759495,129495,172502,787502,108503,182500,610497,794493,888496,152497,889500,343500,479500,736

Non-durablegoods

industries

3,0163,7633,4952,8312,8023!3482,5633,0422,6283,0713,2033,7903,8443,9763,9844,1804,5965,0226,3157,3575,5247,8828,2718,70110,88812,27212,21411,84011,08914,15913,87815,09916,81621,73822,00421,75122,00723,39723,51221,79325,70124,21525,62126,20423,86625,95425,78225,538

gff24,66024,39124,24624,21224,03724,17423,86623,89023,89123,47423,39323,84424,17624,51425,37325,09625,48425,791

Unfilled orders— shipmentsratio3

Total

3.423.633.873.353.022.942.712.582.642.742.993.253.743.663.793.713.613.323.263.804.093.693.243.243.573.893.853.873.843.533.603.673.593.633.643.964.154.083.513.142.922.812.932.802.612.862.802.752.792.792.742.722.742.702.662.612.612.672.672.642.632.592.572.552.532.582.572.54

Durablegoods

industries

4.124.274.554.003.623.473.293.083.183.313.593.864.484.374.584.454.364.003.854.514.934.453.883.854.204.624.584.684.744.294.374.474.414.434.464.855.155.074.303.803.503.383.493.333.073.413.313.253.313.313.243.233.243.173.123.063.073.143.153.103.083.033.012.982.953.022.992.97

Non-durablegoodsindus-tries

0.961.121.04.85.85.92.71.78.68.72.71.79.75

ii.69.76.76.86.91.62.82.74.71.81.82.75.69.62.69.64

*.83.76.77

.3

.75

.71

.75

.68

.72

.69

.64

*.68.67.66.65

£.66.65.65.64.64.64.64.63

fi.65.67

%.67

1 Annual data are averages of monthly not seasonally adjusted figures.2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual figures relate to sea-sonally adjusted data for December.

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

372


PRICES

TABLE B-58.—Consumer price indexes for major expenditure classes, 1958-99[For all urban consumers; 1982-84=100, except as noted]

Year or month

19581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980igSi :19821983198419851986198719881989199019911992199319941995199619971998 4

199951998:Jan4

FebMarAprMayJune :::::.:...:..:,..JulyAugSeptOctNovDec

1999- Jan 5

FebMarApr . . . .MayJuneJulyAugSeptOctNovDec

AH fame

(CPMJ)

28.929.129.629930.230631031.5

33434.836738.840.541844449.353856.960.665272.682.490.996599.6

10391076109.6113.6118.31240130.71362140.3144.51482152.41569160.5163.01666161.61619162.2162.5162.8163.0163.2163.4163.6164.0164.0163.91643164.5165.01662166.21662166.7167.11679168.21683168.3

Foodbever

TotaM

3503fi?38140.141443148855.560262165.872279986793.597399.5

103210561091113.5118.21249132.11368138.7141.61449148.915371577161.11646160.31598160.1160.2160.7160.6160.9161.4161.5162.4162.5162.71639163.8163.71639164.21641164.2164.7165.1165.51657165.9

andages

Food

30.229.730.0304306311315322

34 135.337139.240.442148255.159861.665.572079.986893.697499.4

10321056109.0113.5118.21251132.41363137.9140.91443148.415331573160.71641159.91594159.7159.8160.3160.1160.5161.0161.1162.0162.1162.31636163.3163.3163.4163.71636163.8164.2164.6165.11652165.4

Apparel

44645.045.746146346947347849.0510?3756859.261162364669.472575278.681484990995.3978

100210211050105.9110.6115.41186124.11287131.9133.71334132.013171329133.01313129.81319134.9135.8135.3132.5129.6131.6133.6135.6135.0130.71279129.7132.71352134.21309127.3127.51318134.61336130.1

MniK

ing

30832.034036.438.039441245.850753.857.462470.181190.496999.5

10361077110.9114.2118.51230128.51336137.5141.21448148.515281568160.41639158.31588159.2159.5159.7160.6161.2161.5161.5161.4161.3161.31618162.3162.8163.0163.01641164.7165.0165.2165.0164.9164.8

Trans-

Ction

28629.829.830130830931431932.3333343357

39539941245.850155159.061770583193.2970993

103710641023105.4108.71141120.512381265130.41343139.114301443141.61444142.71421141.4141.5142.0141.7141.8141.2140.7141.3141.5140.71404139.8140.61443144.21434144.7145.71465147.3147.6148.3

UoHiralcare

20.621.522.322923.524124625226.328229.931934.036137338842.447552.057.061867.574982.9925

100.6106811351220130.1138.61493162817701901201.42110220.522822346242.12506238.12393239.8240.7241.4242.0242.7243.5243.9244.3244.7245.22466247.7248.32491249.52502251.1251.92523252.82533254.2

Enter-tain-ment

40743.045247.550.0515S?9

62 065.168.371976.783690.1960

100.110381079111.6115.3120.31265132.41384142.3145.81501153.91591162.5

tion 2

101.11020100.31007101.0101.1101.0101.2101.1101.3101.3101.1101.3101.21017101.8101.81020102.21022102.2102.2101.7101.81019102.0

Educa-tinn anri

communi-cation2

100.3101299.999.899.999.9

100.1100.1100.0100.1100.9101.0101.0100.71009100.9100.8100.7100.41003100.4101.21019102.1102.2102.3

Otherffonrfcgooosand

services

35136.938740.942.944746449.853957.060.464368.975282.6911

101.1107911451214128.5137.01477159.017161833192.91985206.921542248237.72583231.3233.1232.4234.7236.7236.4237.8238.0240.4241.3240.5250.3255.4255.0253.3256.1255.82559258.3257.6262.6263.2263.0263.0

Pnorgy3

21.521.922.422522.622622522.923.323824.224825.526.527229.438.142145.149.452565.786.097.799299.9

1009101688.288.689.3943

102.11025103.0104.21046105.21101111.5102.9106.6105.9103.2101.6101.9103.8105.7105.2103.8102.7101.3100.598.998.197398.4

105.0105.6106.8108.7111.3113.2111.6111.2112.2

1 Includes alcoholic beverages, not shown separately.2 December 1997=100.3 Household fuels—gas (piped), electricity, fuel oil, etc.̂ and motor fuel. Motor oil, coolant, etc. also included through 1982.4 Data beginning 1998 reflect changes in series composition and renaming.5 Data beginning 1999 reflect a change in the formula used for calculating the basic components of the consumer price index as well asother changes in methodology.

Note.—Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs.Source: Department of Labor, Bureau of Labor Statistics.

373


TABLE B-59.—Consumer price indexes for selected expenditure classes, 1958-99[For all urban consumers; 1982-84=100, except as noted]

Year ormonth

19581959I960196119621963196419651966196719681969 ..I"I".Z"!19701971197219731974 . . .197519761977197819791980 .19811982 . .19831984198519861987 . . .1988198919901991199219931994

1997 !"""!!!""ZZ1998 «1999s

1998: Jan4

FebMar

fczzzJune ,JulyAugSeptOcTNovDec

1999- J an 5 .FebMarAorMayJuneJulyAue

tfNovDec

Food and beverages

Total1

35.036.238.140.141.443.148.855.560.262.1

8!79.986.793.597.3

105:6109.1113.5118.2124.9132.1136.8138.7141.6144.9148.9153.7157.7161.1164.6160.3159.8160.1160.2160.7160.6160.9161.4161.5162.4162.5162.7163.9163.8163.7163.9164.2164.1164.2164.7165.1165.5165.7165.9

Food

Total

30.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.1

818i79.986.893.697.499.4

103.2105.6109.0113.5118.2125.1132.4

140^144.3148.4153.3157.3160.7164.1159.9159.4159.7159.8160.3160.1160.5161.0161.1162.0162.1162.3163.6163.3163.3163.4163.7163.6163.8164.2164.6165.1165.2165.4

Athome

32.031.231.531.832.032.432.733.535.235.136.338.039.940.942.749.757.1

H66.8ffi88.494.898.199.1

102.8104.3107.3111.9116.6124.2132.3135.8136.8140.1144.1148.8154.3158.1161.1164.2161.0160.0160.2160.2160.7160.5160.8161.4161.2162.5162.5162.6164.3163.8

iffi163.9163.7163.7164.1164.5165.1165.1165.4

Awayfromhome

24.124.825.426.026.727.327.828.429.731.332.934.937.539.441.044.249.854.558.262.668.375.983.490.995.8

100.0104.2108.3112.5117.0121.8127.4133.4137.9140.7143.2145.7149.0152.7157.0161.1165.1159.2159.6159.9160.2160.6160.7161.1161.5162.1162.3162.6163.0163.5163.8164.2164.5164.6164.6165.1165.6165.8166.2166.5166.8

Housing

Total

30"832.034.036.438.039.441.245.850.753.857.462.470.181.1

8*ffi107.7110.9114.2118.5123.0128.5133.6137.5141.2144.8148.5152.8156.8160.4163.9158.3158.8159.2159.5159.7160.6161.2161.5161.5161.4161.3161.3161.8162.3

ffii163.0164.1164.7165.0165.2165.0164.9164.8

Shelter

Total2

24.524.725.225.425.8

2H27.828.830.132.635.537.038.740.544.448.851.554.960.568.981.0

mitt109.8115.8121.3127.1132.8140.0

ifil155.7160.5165.7171.0

ffii187.3179.2180.1180.8181.0181.2181.8182.6183.3183.4183.9184.0184.0184.7185.5186.3186.6186.5187.2188.0188.3188.3188.5188.6188.6

Rent ofprimary

resi-dence

37.638.238.739.239.740.140.540.941.542.243.344.746.548.750.452.555.258.061.164.869.374.380.987.994.6

100.1105.3111.8118.3123.1127.8132.8138.4143.3146.9150.3154.0157.8162.0166.7172.1177.5169.5169.9170.3170.7171.1171.7172.2172.8173.4173.9174.5174.9175.3175.6176.0176.4176.7177.1177.5177.9178.4178.8179.8180.3

Owners'equiva-lent rentof pri-maryresi-

dence3

•" —

i02"5107.3113.2119.4124.8131.1137.4144.8150.4155.5160.5165.8171.3176.8181.9187.8192.9185.1185.5185.9186.4186.8187.4188.0188.5189.2189.8190.3190.7191.0191.3191.5191.9192.2192.6193.0193.4193.9194.2194.9195.2

Fuels and utilities

Total2

24.825426.026.326.326.626.6

27.127.428.029.131.132.534.340.745.449.454.758.564.875.486.494.9

100.2104.8106.5104.1103.0104.4107.8111.6

11H121.3122.8123.7127.5130.8128.5128.8128.8127.4127.1127.0127.9131.2131.3130.6130.0127.1126.5126.6126.2126.0125.9125.7126.5130.2131.1131.4132.7130.3130.0129.6

PlMklcrucio

Total

21.421.722.123.124.725.727.534.439.443.349.053.061.374.887.295.6

100.5104.0104.599.297.398.0

100.9104.5106.7108.111L2111.7111.5115.2117.9113.7113.5114.5112.8112.5112.3113.2116.8116.8115.9115.2112.0111.4111.4110.9110.6110.5110.2111.0115.1116.0116.2117.6115.0114.6114.1

Fueloil

andotherfuels

13.713.913.814.114.214.414.414.615.015.516.016.317.018.218.321.133.236.438.843.946.262.486.1

104.6103.497.299.495.977.677.978.181.799.3

8!90.3

8!99.299.890.091.496,495.294.492.891.889.587.886.785.986.486.886.1

8*86.287.787.787.387.5

8i97.6

100.7106.3

Gas(piped)

andelec-tricity

21.922.4

8i23.523.523.523.523.623.723.924.325.427.128.529.934.540.144.750.555.061.071.481.993.2

101.5105.4107.1105.7103.8104.6107.5

182114.8118.5119.2119.2122.1125.1121.2120.9121.6119.7119.4119.4120.5124.7124.9124.0123.3119.6118.9118.9118.3118.0117.9117.5118.4123.0124.0124.1125.3122.0121.4120.3

Furnish-ingsand

opera-tions

42.043.645.246.848.649.751.156.863.467.370.474.779.986.393.098.0

100.2101.9103.8105.2107.1109.4111.2113.3116.0118.0119.3121.0123.0124.7125.4126.6126.7125.6126.1126.3127.0126.6126.7127.2126.8126.5126.6126.6126.6126.8126.7126.7127.2126.7126.8126.8126.8127.0126.6126.4126.4

1 Includes alcoholic beverages, not shown separately.2 Includes other items, not shown separately.3 December 1982=100.See next page for continuation of table.

374


TABLE B—59.—Consumer price indexes for selected expenditure classes, 1958-99—Continued[For all urban consumers; 1982-84=100, except as noted]

Year or month

19581959I96019611962 .19631964196519661967 .1968196919701971197219731974197519761977197819791980198119821983 ..198419851986 ..1987198819891990199119921993199419951996199719984

1999 5

1998: Jan*FebMarAprMayJuneJulyAug "'ISeptOct.::::::::::::::::::::NovDec

1999: Jan5

FebMarAprMayJune ::::..:.:..::::JulyAug "::::::Septojr::::::NovDec

Transportation

Total

28.629.829.830.130.830.931.431.932.333.334.335.737.539.539.941.245.850.155.159.061.770.583.193.297.099.3

103.7106.4102.3105.4108.7114.1120.5123.8126.5130.4134.3139.1143.0144.3141.6144.4142.7142.1141.4141.5142.0141.7141.8141.2140.7141.3141.5140.7140.4139.8140.6144.3144.2143.4144.7145.7146.5147.3147.6148.3

Private transportation

Total2

29.530.830.630.831.431.632.0

32:933.834.836.037.5

8341.046.250.655.659.762.571.784.293.897.199.3

103.6106.2101.2104.2107.6112.9118.8121.9124.6127.5131.4136.3140.0141.0137.9140.5139.3138.4137.5137.7138.4138.2138.0137.4137.0137.7138.0137.2136.7135.9136.4140.1140.2139.7140.6141.9142.9143.3143.6144.4

New vehicles

Total2

50.152.351.651.651.451.150.949.848.949.350.751.553.155.354.854.858.063.067.070.5

21lii97.599.9

102.6106.1110.6114.4116.5119.2121.4126.0129.2132.7137.6141.0143.7144.3143.4142.9144.4144.4144.4144.3143.3142.6142.7142.8142.3142.5143.5144.1144.4143.8143.4143.3142.9142.5142.0141.4141.6142.3143.1143.6

cars

50.052.251.551.551.351.050.949.748.849.350.751.553.055.254.754.857.962.966.970.475.881.888.493.797.499.9

102.8106.1110.6114.6116.9119.2121.0125.3128.4

itt139.0141.4141.7140.7139.6141.8141.7141.7141.5140.6140.0140.1140.0139.4139.7140.6141.3141.4140.8140.3140.1139.6139.1138.6138.0138.2138.8139.6140.1

Usedcarsand

trucks

24.026.825.026.028.428.730.029.8

30.9

I2o33.1

154.755.860.262.376.988.898.7

112.5113.7108.8113.1118.0120.4117.6118.1123.2133.9141.7156.5157.0151.1150.6152.0148.1148.4147.3148.2150.0150.9151.3151.1151.9153.0154.0153.1150.6148.3147.4148.3149.6150.9152.3153.8155.7156.4156.1155.0

Motorfuel

23.423.724.424.124.324.224.125.125.626.426.827.627.928.128.431.242.245.147.049.751.870.197.4

108.5102.899.497.998.777.180.280.988.5

101.299.499.098.098.5

100.0106.3106.2

92.2100.797.894.190.991.794.794.893.791.690.090.889.786.285.083.686.3

100.9101.499.2

102.5107.8110.3110.0109.3112.2

Motorvehiclemainte-nanceand

repair

25.426.026.527.127.527.828.228.729.230.432.134.136.639.341.143.247.653.757.661.967.073.781.589.296.0

100.3103.8106.8110.3114.8119.7124.9130.1136.0141.3145.9150.2154.0158.4162.7167.1171.9165.0165.5165.7165.7165.9166.5166.8167.3168.3169.0169.5169.6169.8170.4170.6170.9171.3171.7172.1172.1172.8173.2173.6173.8

Publictrans-porta-tion

20.921.522.223.224.024.324.7

%27.428.730.935.237.839.339.740.643.547.850.051.554.969.085.694.999.5

105.7110.5117.0121.1123.3129.5142.6148.9151.4167.0172.0175.9181.9186.7190.3197.7187.1191.2193.7193.4190.4188.2192.0192.2190.2189.9187.4188.4

ittiffl198.4192.6200.8197.1194.7201.5202.2201.2

Medical care

Total

20.621.522.322.923.524.124.625.226.328.229.931.934.036.137.338.842.447.552.057.061.867.574.982.992.5

100.6106.8113.5122.0130.1138.6149.3162.8177.0190.1201.4211.0220.5228.2234.6242.1250.6238.1239.3239.8240.7241.4242.0242.7243.5243.9244.3244.7245.2246.6247.7248.3249.1249.5250.2251.1251.9252.3252.8253.3254.2

Medicalcarecom-

modities

46.146.846.946.345.645.245.145.045.144.945.045.446.547.347.447.549.253.356.560.264.469.075.483.792.3

100.2107.5115.2122.8131.0139.9150.8163.4176.8188.1195.0200.7204.5210.4215.3221.8230.7217.6218.4218.5220.2221.5222.1222.2223.1224.0224.2224.5225.6225.9226.8227.7229.3229.4230.5231.7232.5233.1233.2233.7234.6

Medicalcare

services

17.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461.267.274.882.892.6

100.7106.7113.2121.9130.0138.3148.9162.7177.1190.5202.9213.4224.2232.4239.1246.8255.1242.9244.2244.8245.4245.9246.5247.4248.2248.4249.0249.3249.6251.3252.6

254:0254.6255.5256.2256.6257.1257.7258.5

'See footnote 4, Table B-58.5 See footnote 5, Table B-58.Note.—See Note, Table B-58.Source: Department of Labor, Bureau of Labor Statistics.

375


TABLE B—60.—Consumer price indexes for commodities, services, and special groups, 1958—99[For all urban consumers; 1982-84=100, except as noted]

Year or month

1958195919601961196219631964196519661967:::"" .::/::::'19681969197019711972 :197319741975197619771978 ...::.::::::::::' :..::19791980198119821983198419851986 ::..:::: :1987198819891990

1992199319941995 .19961997199819991998Jan


1999:JanFebMarAprHay ::TJuneJulyAug .:,:::::: ::SeptocTNovDec

Allitems

(CPMJ)

28.929.129.629.930.230.631.031.532.433.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9160.5163.0166.6161.6161.9162.2162.5162.8163.0163.2163.4163.6164.0164.0163.9164.3164.5165.0166.2166.2166.2166.7167.1167.9168.2168.3168.3

Commodities

Allcom-

modities

33.333.333.633.834.134.434.835.236.136.838.139.941.743.244.547.853.558.260.764.268.876.686.093.297.099.8

103.2105.4104.4107.7111.5116.7122.8126.6129.1131.5133.8136.4139.9141.8141.9144.4141.6141.5141.5142.0142.3141.8141.6141.7141.8142.6142.5142.2142.5142.2142.6144.6144.5143.9143.9144.5145.8146.4146.2146.1

Com-modi-tieslessfood

35.335.836.0

ili36.636.937.237.738.640.041.743.445.146.147.752.857.660.563.867.575.385.793.196.9

100.0103.1105.2101.7104.3107.7112.0117.4121.3124.2126.3127.9129.8132.6133.4132.0134.0131.9131.9131.8132.4132.7132.1131.5131.4131.6132.3132.1131.7131.4131.1131.7134.6134.3133.4133.4134.0135.8136.3136.1135.9

Services

Allservices

22.623.324.124.525.025.526.026.627.628.830.332.435.037.038.440.143.848.052.056.060.867.577.988.196.099.4

104.6109.9115.4120.2125.7131.9139.2146.3152.0157.9163.1168.7174.1179.4184.2188.8181.8182.4182.9183.2183.4184.2184.9185.3185.5185.5185.6185.7186.3186.9187.6187.8187.9188.6189.5189.9190.1190.2190.5190.5

Servicesless

medicalcare

services

23.624.225.025.425-926.326.827.428.329.330.832.935.637.538.940.644.348.352.255.960.767.578.288.796.499.2

104.4109.6114.6119.1124.3130.1136.8143.3148.4153.6158.4163.5168.7173.9178.4182.7176.1176.6177.2177.4177.6178.4179.0179.5179.6179.7179.7179.8180.3180.9181.5181.8181.8182.6183.4183.8183.9184.1184.3184.3

Special indexes

Allitemslessfood

28.629.229.730.030.330.731.131.632.333.4

ft39.040.842.043.748.052.556.059.663.971.281.590.496.399.7

104.0108.0109.8113.6118.3123.7130.3136.1140.8145.1149.0153.1157.5161.1163.4167.0161.9162.3162.6163.0163.3163.5163.6163.9164.1164.4164.3164.2164.5164.7165.3166.7166.6166.7167.2167.7168.5168.8168.8168.8

Allitemsless

energy

29.729.930.430.731.131.5

33:5

&38.040.342.043.446.150.6

ill61.966.773.481.990.1

«104.3108.4112.6117.2122.3128.1134.7140.9145.4150.0154.1158.7163.1167.1170.9174.4169.0169.6170.1170.4170.5170.5170.8171.2171.6172.2172.3172.3172.9173.2173.7174.2174.1174.0174.3174.5175.1175.7175.8175.7

Allitemslessfoodand

energy

29.630.230.631.031.431.832.332.733.534.736.338.440.842.744.045.649.453.957.461.065.571.9

8395.899.6

104.6109.1113.5118.2123.4129.0135.5142.1147.3152.2156.5161.2165.6169.5173.4177.0171.2172.1172.6173.0173.1173.0173.3173.8174.2174.7174.8174.8175.3175.7176.2176.8176.6176.6176.9177.1177.7178.3178.4178.2

All itemsless

medicalcare

29.529.830.230.530.831.131.532.033.033.735.137.039.240.842.144.849.854.357.260.865.472.982.891.496.899.6

103.7107.2108.8112.6117.0122.4128.8133.8137.5141.2144.7148.6152.8156.3158.6162.0157.3157.5157.8158.1158.4158.6158.7159.0159.2159.5159.5159.4159.8160.0160.5161.6161.6161.6162.0162.5163.2

iffi163.6

CPI-U-XI (allitems)

/$=97.6)'

31.431.632.232.532.8

34:235.236.337.739.441.343.144.447.251.956.259.463.267.574.082.390.195.699.6

103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9160.5163.0166.6161.6161.9162.2162.5162.8163.0163.2163.4163.6164.0164.0163.9164.3164.5165.0166.2166.2166.2166.7167.1167.9168.2168.3168.3

CPI-U-RS (Dec.1977=100)2

Allitems

104.4114.2126.9138.8147.1153.2159.4164.8167.8173.6179.9187.7197.1204.4209.7215.1219.8225.7231.8236.9240.1245.1238.3238.6239.0239.5239.9240.0240.3240.6240.9241.4241.4241.2241.8242.1242.8244.6244.6244.6245.3245.9247.1247.5247.7247.7

Allitemslessfoodand

energy

"Ms110.8120.6131.8141.7149.6156.7163.5170.2176.9183.9191.3200.1208.8215.5221.8227.2233.3239.1244.4249.6254.5246.8247.9248.7249.3249.2249.1249.4250.0250.6251.3251.4251.4252.1252.7253.4254.3254.0254.0254.4254.7255.6256.4256.6256.3

1CPI-U-X1 is a rental equivalence approach to homeowners' costs for the consumer price index for years prior to 1983, the first year forwhich the official index (CPMJ) incorporates such a measure. CPMJ-X1 is rebased to the December 1982 value of the CPI-U (1982-84=100); thus it is identical with CPMJ data for December 1982 and all subsequent periods. Data prior to 1967 estimated by moving theseries at the same rate as the CPI-U for each year.2CPI research series using current methods (CPI-U-RS) introduced in June 1999. Data for 1999 are preliminary.

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

376


TABLE B-61.—Changes in special consumer price indexes, 1960-99[For all urban consumers; percent change]

Year or month

I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999

1998:JanFebMarAorMayJuneJulyAueseSt :::::OctNovDec

1999:JanFebMar !

fczzJune

IS ::tf :NovDec

All items(CPI-U)

Dec.to

Dec.1

1.4

L31.61.01.93.53.04.76.25.63.33.48.7

12.36.94.96.79.0

13.312.58.93.83.83.93.81.14.44.44.66.13.12.92.72.72.53.31.71.62.7

Yearto

year

1.71.01.01.31.31.62.93.14.25.55.74.43.26.2

11.09.15.86.57.6

11.313.510.36.23.24.33.61.93.64.14.85.44.23.0

H2.8

i!1.62.2

All items lessfood

Dec.to

Dec.1

1.01.31.01.61.01.63.5

ii5.66.63.02.95.6

12.27.36.16.48.3

14.013.09.84.14.13.94.1

4i64.24.56.3

ii2.72.62.73.11.81.52.8

Yearto

year

1.71.01.01.31.31.62.23.44.55.46.04.62.94.09.89.46.76.47.2

11.414.510.96.53.54.33.81.73.54.14.65.34.53.5

2.82.92.31.42.2

All items lessenergy

Dec.to

Dec.1

1.3

U1.91.31.93.43.24.96.55.43.43.58.2

11.76.64.86.79.1

11.111.78.54.24.54.44.03.84.14.74.65.2y3.12.62.92.92.12.42.0

Yearto

year

1.71.01.31.31.61.63.12.74.45.86.14.23.36.29.88.95.66.47.8

10.011.610.06.73.64.73.93.94.14.44.75.24.63.23.22.73.02.82.52.32.0

All items less foodand energy

Dec.to

Dec.1

1.01.3y1.2

ti3.85.16.26.63.13.04.7

11.16.76.16.58.5

11.312.29.54.54.84.7

114.24.74.45.24.43.33.22.63.02.62.22.41.9

Yearto

year

1.3

ii1.31.61.22.43.64.65.86.34.73.03.68.39.16.56.37.49.8

12.410.47.44.05.04.34.04.14.44.55.04.93.73.32.83.02.72.42.32.1

All items lessmedical care

Dec.to

Dec.1

1.3

J1.61.01.93.42.74.76.15.23.23.49.1

12.26.74.56.79.1

13.412.58.83.63.63.93.5

4'.34.24.55.92.72.72.62.52.53.31.61.52.6

Yearto

year

1.3

1:8ii1.63.12.14.25.45.94.13.26.4

11.29.05.36.37.6

11.513.610.45.92.94.13.41.5

H4.65.23.92.82.72.52.72.82.3

liPercent change from preceding month

Unad-justed

0.2

'.2

'.2

.1

'.20-.1

.2

'.3

o'0.3

15

o'

Sea-sonally

ad-justed

0.1

o'.2

!l.2

!l

'.2

.1

'.2

0'0.3.3.4.2

'.2

Unad-justed

0.1

'.2

'.2

.1

'.2-.1-.1

.2

A.8

.3

15

o'0

Sea-sonally

ad-justed

0.0

!l

!2

.1

!l

'.2.1

'.K

o'.3

!5

'.2

Unad-justed

0.4.4

'.2

o'.2

'.3

o'.3.2

'.3

-!l.2

'.3•3

-!l

Sea-sonally

ad-justed

0.2

'.3

'.2

'.2

'.3

.2

.1

'.2.1

Unad-justed

0.3

'.3ll

'.3

o'.3

'.3

?.2

'.3

-!l

Sea-sonally

ad-justed

0.2.3

'.3

'.1.2

'.2

!l

.1

.1

A

!l.2

'.3

'.2.1

Unad-justed

0.2

'.2

'.2

.1

.2

o'.3

'.3

0'0

'.3

o'0

Sea-sonally

ad-justed

0.1.1

'.30

.2

!l

'.2

o'J

0-.1

.3

A

'.2

1 Changes from December to December are based on unadjusted indexes.Note.—See Note, Table B-58.Source: Department of Labor, Bureau of Labor Statistics.

377


TABLE B-62.—Changes in consumer price indexes for commodities and services, 7929-99[For all urban consumers; percent change]

Year

19291933193919401941194219431944

194519461947194819491950195119521953195419551956195719581959

I960196119621963196419651966196719681969 ...:: :...19701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992 !199319941995199619971998 '...1999

All items(CPI-U)

Dec.to

Dec.1

0.6.8

0

9.99.03.02.32.2

18.18.83.0

-2.15.96.0.8

->.4

3.02.91.81.7

1.4

L31.61.01.93.53.04.76.25.63.33.48.7

12.36.94.96.79.0

13.312.58.93.83.83.93.81.14.44.44.66.13.1

82.72.53.31.71.62.7

Yearto

year

0-5.1-1.4

5.010.96.11.72.38.3

14.48.1

-1.21.37.91.9.8

L53.32.8

1.71.01.01.31.31.62.93.14.25.55.74.43.26.2

11.09.15.86.57.6

11.313.510.36.23.24.33.61.93.64.14.85.44.23.03.02.62.83.02.31.62.2

Commodities

Total

Dec.to

Dec.1

-0.71.4

13.312.94.22.02.9

24.810.3

1.7-4.1

7.85.9

:i-1.6

~U2.81.2.6

1.20

.91.5.9

1.42.52.54.05.43.92.83.4

10.412.86.23.36.18.8

13.011.06.03.62.92.72.5

-2.04.63.84.16.61.22.01.52.31.43.2

2J

Yearto

year

-2.0

6714.59.31.0

1820.5

7.2-2.7

9.01.3-.3-.9-.91.03.22.10

.9

ii!1.12.61.93.54.74.53.63.07.4

11.98.84.35.87.2

11.312.38.44.12.93.42.1-.93.23.54.75.23.12.01.91.71.92.61.4.1

1.8

Food

Dec.to

Dec.1

2569

-2.52.5

15.7•a03.5

31.311.3-.8

-3.99.87.1

-1.0-1.1-1.8

2!92.82.4

-1.0

3.1

L32.01.33.54.01.24.47.02.34.34.6

20.312.06.6

8!l11.810.210.24.33.12.73.82.63.83.55.25.65.31.91.52.92.92.14.31.52.31.9

Yearto

year

12-28-2.5

li17.611.0-1.2

2.414.521.78.3

-4.21.6

11.01.8

-1.4-.4

-1.4

3^24.5

-1.7

1.01.3

L61.32.25.0

.93.55.15.7

ti14.514.38.53.06.39.9

11.08.67.84.12.13.82.33.24.14.15.85.82.91.22.22.42.83.32.62.22.1

Services

Total

Dec.to

Dec.1

0

A2.32.32.2

.73.65.65.93.7

1!4.44.22.02.03.44.22.73.9

2.52.11.62.41.62.74.84.3

88.14.13.46.2

11.48.27.28.09.3

13.614.213.04.34.85.45.14.54.34.85.15.74.63.63.82.93.53.32.82.62.6

Yearto

year

0.8.8

2l32.21.51.44.36.15.13.05.3

ii3.12.02.54.33.73.1

3.41.72.02.02.02.33.84.35.26.98.05.73.84.49.29.68.37.78.6

11.015.413.19.03.55.25.15.04.24.64.95.55.13.93.93.33.43.23.02.72.5

Medical care

Dec.to

Dec.1

1.201.2

ii3.23.19.06.46.91.64.05.35.83.42.63.23.84.84.64.9

3.7

82.82.33.68.38.07.17.38.15.43.76.0

13.210.310.89.09.3

10.510.112.611.26.25.86.87.95.66.98.69.98.07.05.95.44.43.22.93.23.6

Yearto

year

1.2003.54.54.33.15.18.77.13.32.44.76.73.53.42.63.84.35.34.5

4.33.63.52.92.33.25.38.8

ii7.07.43.54.5

10.412.610.19.9

811.310.711.88.76.06.17.76.66.47.79.38.97.6

Ii5.13.72.93.23.4

Medicalcare2

Dec.to

Dec.1

1.001.03.84.62.62.68.36.95.81.43.45.84.33.52.33.33.24.74.53.8

3.23.12.22.52.12.86.76.36.26.27.44.63.35.3

12.69.8

10.08.98.8

10.19.9

12.511.06.46.16.87.75.86.98.59.67.96.65.44.93.93.02.83.43.7

Yearto

year

01.0

2.94.73.62.65.08.06.72.82.05.35.03.62.92.23.84.24.64.4

3.72.72.62.62.12.44.47.26.06.76.66.23.34.09.3

12.09.59.68.49.2

11.010.711.68.86.26.37.56.66.57.79.08.77.45.94.84.53.52.83.23.5

Energy3

Dec.to

Dec.1

-0.94.7

1.3-1.3

2.2

o9

1.81.71.71.72.94.83.12.6

17.021.611.47.17.27.9

37.518.011.91.3

~'.1

1.8-19.7

8.2

5il18.1-7.4

2.0-1.4

2.2-1.3

8.6-3.4-8.813.4

Yearto

year

01.9

2.3

A0-.41.81.72.11.72.52.83.92.68.1

29.610.57.19.56.3

25.130.913.61.5

LO

-13!2

'.85.68.3

j.6

4.71.3

-7.73.6

1 Changes from December to December are based on unadjusted indexes.2 Commodities and services.3 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—See Note, Table B-58.Source: Department of Labor, Bureau of Labor Statistics.

378


TABLE B-63.—Producer price indexes by stage of processing, 1954—99

[1982=100]

Year or month

195419551956195719581959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997 .199819991998- Jan

FebMarAprMay':::::::::::::::::::.:::::::.::::::::::::::::::JuneJulyAug :::::::.:::.::.::..::...:::::.:..:::..:..:::.::SeptOctNovDec

1999:JanFebMarAprMayJuneJulyAug1

sept .::.:..::..::..:....:.:.: :::.::....:.:...OctNovDec

Finished goods

Totalfinishedgoods

30.430.531.332.533.233.133.433.433.533.433.534.135.235.636.638.039.340.541.845.652.658.260.864.769.877.688.096.1

100.0101.6103.7104.7103.2105.4108.0113.6119.2121.7123.2124.7125.5127.9131.3131.8130.7133.1130.3130.2130.1130.4130.6130.7131.0130.7130.6131.4130.9131.1131.4130.8131.1131.9132.4132.7132.9133.7134.8135.0135.0135.0

Consumer foods

Total

34.233.433.334.436.534.835.535.435.735.335.436.839.238.540.042.443.844.546.956.564.469.869.673.379.987.392.497.8

100.0101.0105.4104.6107.3109.5112.6118.7124.4124.1123.3125.7126.8129.0133.6134.5134.3135.1133.1133.6133.4133.8133.6133.8134.7135.2135.4135.5134.9134.5135.6134.1134.7133.4134.5135.1134.6135.9137.0135.6135.4135.7

Crude

37.539.139.138.541.037.339.838.038.437.838.939.041.539.642.545.946.045.848.063.671.671.776.779.585.892.393.9

104.4100.0102.4111.4102.9105.6107.1109.8119.6123.0119.3107.6114.4111.3118.8129.2126.6127.2125.4127.1129.4130.2132.3121.7117.9128.4121.7127.1134.7127.3129.3134.2122.6130.5128.4126.5126.4121.7123.8126.6119.7118.6125.6

Proc-essed

34.032.732.734.136.134.735.235.335.635.235.236.839.238.840.042.343.944.747.255.863.970.369.072.779.486.892.397.2

100.0100.9104.9104.8107.4109.6112.7118.6124.4124.4124.4126.5127.9129.8133.8135.1134.8135.9133.5134.0133.7133.9134.5135.0135.2136.3136.0135.5135.5134.9135.6135.0135.0133.8135.2135.8135.6136.8137.8136.9136.7136.5

Finished goods excluding consumer foods

Total

"35:035.936.938.239.640.442.048.854.758.162.266.774.686.795.6

100.0101.8103.2104.6101.9104.0106.5111.8117.4120.9123.1124.4125.1127.5130.5130.9129.5132.3129.4129.0129.0129.2129.6129.7129.7129.2129.1130.1129.6130.0130.0129.7129.9131.3131.6131.8132.3133.0134.0134.7134.8134.7

Consumer goods

Total

31.131.332.132.932.933.333.5

15iii33.634.134.735.536.337.438.739.441.248.253.256.560.664.973.587.196.1

100.0101.2102.2103.398.5

100.7103.1108.9115.3118.7120.8121.7121.6124.0127.6128.2126.4130.6126.1125.6125.6126.0126.7127.0127.0126.4126.3127.1126.4127.1127.1126.6127.0129.0129.6130.0130.8131.9133.4133.7133.9133.7

Durable

39.840.241.642.843.443.943.843.643.443.143.343.243.444.145.145.947.248.950.050.955.561.063.767.473.680.891.096.4

100.0102.8104.5106.5108.9111.5113.8117.6120.4123.9125.7128.0130.9132.7134.2

iffi133.0133.4133.4133.2133.0132.3131.8132.0131.5131.0134.4134.4133.8133.3133.5133.1133.1132.8132.3131.7131.6131.1134.8134.6134.6

Non-durable

26.726.827.327.927.828.228.428.428.428.528.428.829.330.030.631.532.533.534.136.144.048.952.456.860.069.385.195.8

100.0100.5101.1101.7

93.394.997.3

103.8111.5115.0117.3117.6116.2118.8123.3124.3122.2127.9121.5120.8120.9121.5122.8123.4123.3122.7122.8122.5121.4122.7122.9122.2122.9125.7126.6127.5128.9130.4132.8131.6132.0131.8

Capitalequipment

26.727.429.531.332.132.732.832.933.033.133.433.834.635.837.038.340.141.742.844.250.558.262.166.171.377.585.894.6

100.0102.8105.2107.5109.7111.7114.3118.8122.9126.7129.1131.4134.1136.7138.3138.2137.6137.6137.9137.9137.9137.7137.3137.2137.1136.8136.7

"138.1138.2137.9137.8138.0137.7137.8137.6137.2137.0136.9136.7138.5138.3138.3

Totalfinished

consumergoods

31.731.532.032.933.633.333.633.633.733.533.634.235.435.636.537.939.140.241.546.053.158.260.464.369.477.588.696.6

100.0101.3103.3103.8101.4103.6106.2112.1118.2120.5121.7123.0123.3125.6129.5130.2128.9132.1128.3128.2128.1128.5128.9129.1129.4129.2129.1129.8129.0129.4129.7129.0129.4130.4131.2131.7132.1133.2134.6134.4134.5134.4

1 Data have been revised through August 1999 to reflect the availability of late reports and corrections by respondents. All data are sub-ject to revision 4 months after original publication.


379


TABLE B-63.—Producer price indexes by stage of processing, 1954-99—Continued

[1982=100]

Year ormonth

195419551956195719581959I96019611962 .196319641965196619671968196919701971 "..'.19721973 "."".197419751976 .""197719781979

19801981198219831984198519861987 .1988198919901991199219931994 . .19951996 1 1 1

0>0>or> S>

cr»

Intermediate materials, supplies, and components

Total

27928.429.630.330.430.830.830.630630.730831.232032.233.034.135.436.838.242.452.558.060.964.969.578.490.398.6

100.0100.6103.1102.799.1

101.5107.1112.0114.5114.4114.7116.2118.5124.9125.7125.6123.0123.2124.2123.8123.3123.3123.5123.5123.5123.2122.9122.3121.8120.9120.9120.4120.7121.6122.2123.0123.9124.6125.2125.2125.4125.6

Foodsand

feeds2

41.841.542.945.646.749.570.383.681.677.4>79.684.894.5

105.5104.6100.0103.6105.797.396.299.2

109.5113.8113.3111.1110.7112.7114.8114.8128.1125.4116.2111.1118.7118.5116.9115.6116.3115.6116.4116.5115.2114.6115.5114.5114.6112.6111.0109.0109.8110.2109.1110.9112.1112.5112.0110.0

Other

27.228.029.330.130.130.530.730.330.230.130.330.731.331.732.533.634.836.237.740.650.556.660.064.168.677.489.498.2

100.0100.5103.0103.099.3

101.7106.9111.9114.5114.6114.9116.4118.7125.5125.6125.7123.4123.9124.5124.1123.7123.8123.9124.0123.9123.6123.4122.7122.2121.3121.2120.9121.2122.3122.9123.7124.7125.4125.9125.9126.2126.5

Materials andcomponents

Formanufac-

turing

29.830.532.032.732.833.333.332.932.732.733.1

Si34.535.336.538.038.940.444.156.061.764.067.472.080.991.798.7

100.0101.2104.1103.3102.2105.3113.2118.1118.7118.1117.9118.9122.1130.4128.6128.3126.1124.5127.5127.3127.0126.9126.8126.3126.0126.0125.5125.0124.6124.1123.9123.5123.4123.2123.8124.1124.6125.0125.1125.9126.0126.1

Forconstruc-

tion

29.130.331.832.032.032.932.732.232.1

134.035.737.738.340.843.046.555.060.164.169.376.584.291.397.9

100.0102.8105.6107.3108.1109.8116.1121.3122.9124.5126.5132.0136.6142.1143.6146.5146.8148.9146.3146.4146.7147.0146.9146.7147.2147.4147.3146.7146.6146.6146.9147.3147.8148.0148.5149.5150.5150.4149.7149.2149.3149.7

Proc-essedfuelsand

lubri-cants

15.815.816.317.216.216.216.616.816.716.616.216.516.816.916.516.617.719.520.122.233.639.442.347.749.961.685.0

100.6100.095.495.792.872.773.371.276.4

81584.783.184.290.089.381.184.983.381.679.680.181.783.1

!ii82.380.879.075.876.174.976.280.682.5

ffi90.092.599?i91.7

Con-tainers

28.528.931.032.433.233.033.433.233.633.232.933.534.535.035.937.239.040.842.745.253.360.063.165.971.079.489.196.7

100.0100.4105.9109.0110.3114.5120.1125.4127.7128.1127.7126.4129.7148.8141.1136.0140.8142.5141.4141.9141.6141.0141.7141.4141.3140.7140.6139.5139.4138.7138.3138.0138.5140.4141.6142.2142.1143.6146.3146.6146.5146.5

Supplies

31.731.232.032.333.133.533.333.734.535.034.7

Si36.837.137.839.740.842.551.756.861.865.869.372.980.289.996.9

100.0101.8104.1104.4105.6107.7113.7118.1119.4121.4122.7125.0127.0132.1135.9135.9134.8134.2

i&i135.5135.1134.8134.7135.1134.7134.3134.1134.3134.3134.1133.8133.7133.8133.7133.9133.9134.2134.4134.9135.1135.2

Crude materials for further processing

Total

31.630.430.631.231.931.130.430.230.529.929.631.133.131.331.833.935.236.039.954.561.461.663.465.573.485.995.3

103.0100.0101.3103.595.887.793.796.0

103.1108.9101.2100.4102.4101.8102.7113.8111.1

96.898.2

101.7100.1

99.4100.3100.597.698.194.392.1

8i89.890.188.289.091.197.497.497.9

103.1106.9104.9108.6103.9

Food-stuffsand

feed-stuffs

42.338.437.639.241.638.838.437.938.637.536.639.242.740.340.944.145.246.151.572.676.477.476.877.587.3

100.0104.6103.9100.0101.8104.7

8i96.2

106.1111.2113.1105.5105.1108.4106.5105.8121.5112.2

105.5105.1106.3105.8106.2106.2103.7103.3101.3103.7102.497.0

101.298.298.895.499.699.596.2

100.1100.599.699.596.8

Other

Total

"2L121.622.523.824.727.034.344.143.748.251.757.569.684.6

101.8100.0100.7102.296.981.687.985.593.4

93l594.794.896.8

104.5106.4

Hi95.493.091.092.992.988.290.684.782.583.984.181.679.278.179.1

92.'595.5

101.5107.4104.7110.9105.0

Fuel

8.98.99.5

10.110.210.410.510.510.410.510.510.610.911.311.512.013.815.716.818.624.830.634.542.048.257.369.484.8

100.0105.1105.1102.792.284.182.185.384.882.984.087.182.472.192.6

101.386.791.191.185.588.591.891.885.790.784.475.381.986.487.778.378.174.680.091.690.191.6

100.5105.3101.7110.590.5

Other

26.127.528.628.227.128.126.927.227.126.727.227.728.326.527.128.429.129.432.342.954.550.054.956.361.975.591.8

109.8100.098.8

101.094.376.088.585.995.8

107.397.594.294.197.0

105.8105.7103.584.591.193.093.087.588.488.384.985.380.182.980.477.572.475.373.577.883.4

H92.996.2

102.7100.8104.7109.5

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

380Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

TABLE B-64.—Producer price indexes by stage of processing, special groups, 1974-99

[1982=100]

Year or month

19741975197619771978197919801981 ' '" ..'.19821983 "" '."1984198519861987198819891990199119921993 ' !...." . ..'."1994199519961997199819991998Jan


1999:JanFebMarAprMayJuneJulyAug2

SeptOct . ...NovDec

Finishedgoods

Total

52.658.260.864.769.877.688.096.1

100.0101.6103.7104.71032105.4108.0113.6119.2121.7123.2124.7125.5127.91313131.8130.7133.1130.3130.2130.1130.4130.6130.7131.0130.7130.6131.4130.9131.1131.4130.8131.1131.9132.4132.7132.9133.7134.8135.0135.0135.0

Foods

64.469.869.673.379.987.392.497.8

100.0101.0105.4104.61073109.'5112.6118.7124.4124.1123.3125.7126.8129.01336134.5134.3135.1133.1133.6133.4133.8133.6133.8134.7135.2135.4135.5134.9134.5135.6134.1134.7133.4134.5135.1134.6135.9137.0135.6135.4135.7

Energy

26.230.734.339.742357.185.2

1015100.095.291.287.663061859J65.775.078.177.878.0

78.183283475.178.977.575.974.274.776.377.276.975.475.474.672.870.871.370.171.275.977.578.680.783.585.983.684.083.8

Excluding foods andenergy

Total

53.659.763.166.971978.387.1946

100.0103.0105.5108.111061133117.0122.1126.6131.1134.21358137J140.014201424143.7146.1142.7142.8143.5143.5143.4143.3143.4143.3143.1144.7144.8146.1145.9146.0145.8145.8145.6145.5145.3145.2145.6147.5147.4147.4

Capitalequip-ment

50.558.262.166.171377.585.8946

100.0102.8105.2107.5109711171R3118.8122.9126.7129.11314134!l136.713831382137!6137.6137.9137.9137.9137.7137.3137.2137.1136.8136.7138.1138.2137.9137.8138.0137.7137.8137.6137.2137.0136.9136.7138.5138.3138.3

Con-sumergoods

exclud-ing

foodsand

energy

55.560.663.767.372278.887.8946

100.0103.1105.7108.411111142118:5124.0128.8133.7137.31385139^0141.9144314511477151.7145.7146.0147.1147.3147.3147.2147.4147.5147.4149.1149.1151.6151.2151.3151.2151.2151.0151.0150.9150.7151.6153.5153.5153.4

Intermediate materials, supplies,and components

Total

52.558.060.964.969578.490.3986

100.0100.6103.1102.7991

1015107.1112.0114.5114.4114.71162118!5124.912571256123^0123.2124.2123.8123.3123.3123.5123.5123.5123.2122.9122.3121.8120.9120.9120.4120.7121.6122.2123.0123.9124.6125.2125.2125.4125.6

Foodsand

feeds1

83.681.677.479.684.894.5

105.51046100.0103.6105.797.396299'2

109!5113.8113.3111.1110.711271R8114.812811254116!2111.1118.7118.5116.9115.6116.3115.6116.4116.5115.2114.6115.5114.5114.6112.6111.0109.0109.8110.2109.1110.9112.1112.5112.0110.0

Energy

33.138741.546.849.161.184.9

100.5100.095.395.592.672673.070.976.185.585.184.384683.084.189889080.884.683.081.479.479.981.582.882.981.982.080.578.875.575.974.776.080.382.284.687.289.692.190.090.991.4

Other

54.060.263.867.672.580.790.397.7

100.0101.61047105.210491078115.2120.2120.9121.4122.01238127.1135.213401342133.5133.1134.3134.2134.1134.1133.9133.6133.6133.4133.1132.7132.4132.1131.9131.8131.9132.1132.5132.9133.4133.71337134.2134.4134.6

Crude materials for furtherprocessing

Total

61.461.663.465.573.485.995.3

103.0100.0101.3103.595.887793>96.0

103.1108.9101.2100.41024101.8102.71138111196.898.2

101.7100.1

99.4100.3100.5

97.698.194.392.194.093.689.890.188.289.091.197.497.497.9

103.1106.9104.9108.6103.9

Food-stuffsand

feed-stuffs

76.477.476.877.587.3

100.0104.6103.9100.0101.81047

94.8932962

106.1111.2113.1105.5105.11084106.5105.81215112'2103.998.8

105.5105.1106.3105.8106.2106.21037103.3101.31037102.4

97.0101.298.298.895.499.699.596.2

100.1100.599.699.596.8

Energy

27.8

35 340445.254.973.1977

100.098798.093.371.8

67'.775.985.980.478.876772.169.485087*368.678.474.971769.672.772.766.970.964.562.265.666.964.261.058.860.568.177.177.180.487.394.189.697.589.0

Other

83.369.380.279.887.8

106.2113.1111.7100.0105.3111.7104.910311157133.0137.9136.3128.2128.41402156.2173.61558156'5142.1135.3150.51507149.2147.6147.2146.6143.8139.8137.9133.2130.2128.1128.8130.9129.9129.1131.4132.2134.2136.8139.6142.5142.8145.5

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 19991ject to revision 4 months after original publication.


. All data are sub-

381


TABLE B-65.—Producer price indexes for major commodity groups, 1954-99

[1982=100]

Year or month

1954195519561957195819591960196119621963}%4 :::":::"::::::::::"19651966196719681969197019711972197319741975197619771978 . .1979198019811982198319841985198619871988198919901991199219931994199519961997199819991998- Jan

FebMar . ..AprMayJuneJulvAug :""::""::::::::::::::::::::::::"SeptOct.. r::::..::::..::"..::"::"":"NovDec

1999- JanFebMarAprMayJuneJulyAug2

SeptOctNovDec

Farm products and processedfoods and feeds

Total

38.536.636.437.739.437.637.737.738.137.737.539.041.640.241.143.444.945.849.263.971.374.073.675.983.092.398.3

101.1100.0102.0105.5100.7101.2103.7110.0115.4118.6116.4115.9118.4119.1120.5129.7127.0122.7120.4123.0123.3123.2122.8123.0123.0123.0122.8122.2122.8122.5120.5122.1120.1120.3118.3120.1120.4118.8120.9121.9121.0120.6119.7

Farmproducts

43.240.540.041.142.940.240.139.740.439.639.040.743.741.342.345.045.846.651.672.777.477.078.879.487.799.6

102.9105.2100.0102.4105.595.192.995.5

104.9110.9112.2105.7103.6107.1106.3107.4122.4112.9104.698.4

106.3106.3107.4106.5105.8105.7105.0102.9102.0104.8103.199.0

102.298.399.296.599.699.295.299.099.698.097.696.7

Processedfoods and

feeds

35.433.8

«36.535.635.636.236.536.836.738.040.239.840.642.744.645.548.058.968.072.670.874.080.688.595.998.9

100.0101.8105.4103.5105.4107.9112.7117.8121.9121.9122.1124.0125.5127.0133.3134.0131.6131.2131.3131.7130.9130.8131.5131.5131.9132.6132.1131.8132.0131.1131.9131.0130.8129.1130.3130.8130.5131.8132.9132.3132.0131.1

Industrialcommodities

Total

27.227.829.129.930.030.530.530.430.430.330.530.931.532.032.833.935.236.537.840.349.254.958.462.567.075.788.097.4

100.0101.1103.3103.7100.0102.6106.3111.6115.8116.5117.4119.0120.7125.5127.3127.7124.8126.5125.9125.3125.0125.3125.5125.1125.3124.5124.1124.2123.8123.3123.1122.7123.1124.6125.6126.1127.0128.1129.2129.2129.9129.6

Textileproducts

andapparel

48.248.248.248.347.448.148.647.848.248.248.548.848.948.950.751.852.453.355.560.568.067.472.475.378.182.589.797.6

100.0100.3102.7102.9103.2105.1109.2112.3115.0116.3117.8118.0118.3120.8122.4122.6122.9121.0123.2123.2123.1123.2123.2123.2123.0122.9122.8122.5122.2122.0121.8121.5121.5121.3121.2121.0120.8120.9120.4120.6120.6120.7

Hides,skins,

leather,and

relatedproducts

29.529.431.231.231.635.934.634.935.334.334.435.939.438.139.341.542.043.450.054.555.256.563.968.376.196.194.799.3

100.0103.2109.0108.9113.0120.4131.4136.3141.7138.9140.4143.7148.5153.7150.5154.2148.0146.0148.8148.4147.1147.5147.8150.8149.2149.7149.3146.4144.9146.6145.8144.1144.5144.6145.0145.0145.2146.3147.4148.7146.6149.4

Fuels andrelated

productsand

power1

13.213.213.614.313.713.713.914.014.013.913.513.814.114.414.314.615.316.617.119.430.135.438.343.646.558.982.8

100.2100.0

891.469.870.266.772.982.381.280.480.077.878.085.886.175.380.678.676.674.675.877.076.477.274.874.374.273.270.470.168.670.075.578.980.182.886.589.987.289.687.8

Chemicalsand alliedproducts1

33.833.733.934.634.934.834.834.533.933.533.633.934.034.234.134.235.035.635.637.650.262.064.065.968.076.089.098.4

100.0100.3102.9103.7102.6106.4116.3123.0123.6125.6125.9128.2132.1142.5142.1143.6143.9144.2143.4143.0145.3144.9144.9144.8144.7144.1143.2143.3143.0142.7142.3141.8141.9142.1142.6143.4144.4144.6145.2146.7147.1147.6

— , .—r-« -jed and refer to 1 month earlier than the index month.2 Data have been revised through August 1999 to reflect the availability of late reports and corrections by respondents. All data are sub-ject to revision 4 months after original publication.


382


TABLE B-65.—Producer price indexes for major commodity groups, 1954-99—Continued[1982=100]

Year or month

195419551956195719581959I960196119621963196419651966196719681969 . ..1970 .. .197119721973197419751976197719781979 .. ..19801981198219831984198519861987198819891990199119921993199419951996199719981999

1998JanFeb . .. .MarAprMay I:::.::,....::.::.:::JuneJulyAug "Sept "Z.7oct .:NovDec

1999- JanFebM a r . . .Apr '.HayJune ""'..'I!.'.."'.'.'.".'JulyAug 2 .. .Sept :::.:::::OctNov ... .Dec

Industrial commodities— Continued

Rubberand

plasticproducts

37.542.443.042.842.842.642.741.139.940.139.639.740.541.442.843.644.945.245.346.656.462.266.069.472.480.590.196.4

100.0100.8102.3101.9101.9103.0109.3112.6113.6115.1115.1116.0117.6124.3123.8123.2122.6122.5

123.1123.1123.0122.9122.7122.5122.4122.3122.5122.2122.2122.3122.0121.7121.6121.9122.0122.1122.4122.8123.0123.1123.4123.5

Lumberand

woodproducts

32.534.134.632.832.534.733.532.032.232.833.533.735.235.139.844.039.944.750.762.264.562.172.283.096.9

105.5101.5102.8100.0107.9108.0106.6107.2112.8118.9126.7129.7132.1146.6174.0180.0178.1176.1183.8179.1183.6

181.1182.2182.4182.5180.4177.5178.5179.7178.0175.5175.2175.9177.2179.8181.6181.6183.7187.8192.0189.6184.8181.1181.6182.5

Pulp,paper,

andallied

products

29.630.432.433.033.433.734.033.033.433.133.033.334.234.635.036.037.538.139.342.352.559.062.164.667.775.986.394.8

100.0103.3110.3113.3116.1121.8130.4137.8141.2142.9145.2147.3152.5172.2168.7167.9171.7174.1

172.3172.2172.1172.2172.2171.8171.9171.8171.5171.1170.6170.4170.7170.7171.6172.0172.6173.4174.4175.2176.1176.9177.5177.9

Metalsand

metalproducts

25.527.229.630.230.030.630.630.530.230.331.1

33l234.036.038.739.440.944.057.061.565.069.375.386.095.099.6

100.0101.8104.8104.4103.2107.1118.7124.1122.9120.2119.2119.2124.8134.5131.0131.8127.8124.6

130.1130.0129.5129.6129.2128.7127.9127.2126.7125.5124.8124.0123.5123.4122.9123.1123.8123.8124.4124.9125.4126.5126.6127.3

Machineryand

equipment

26.327.229.331.432.132.833.033.0

8)33.333.734.735.937.038.240.041.442.343.750.057.961.365.270.376.786.094.4

100.0102.7105.1107.2108.8110.4113.2117.4120.7123.0123.4124.0125.1126.6126.5125.9124.9124.3

125.5125.3125.3125.1124.9125.0124.8124.7124.7124.6124.6124.5124.7124.7124.6124.5124.3124.2124.1124.0124.2124.3124.2124.2

Furnitureand

householddurables

44.945.146.347.547.948.047.847.547.246.947.146.847.448.349.750.751.953.153.855.761.867.5

to77.582.890.795.9

100.0103.4105.7107.1108.2109.9113.1116.9119.2121.2122.2123.7126.1128.2130.4130.8131.3131.7

130.8131.1131.2131.2131.5131.5131.5131.3131.2131.3131.3131.4131.4131.3131.4131.5131.5131.8131.7131.8131.8131.9131.9132.1

Non-metallicmineralproducts

26.627.328.529.629.930.330.430.530.530.330.430.430.731.232.433.635.338.239.440.747.854.458.262.669.677.688.496.7

100.0101.6105.4108.6110.0110.0111.2112.6114.7117.2117.3120.0124.2129.0131.0133.2135.4138.8

133.6133.8133.9134.9135.2135.6136.0136.2136.4136.6136.5136.6136.9137.6137.8138.3138.5138.8138.9139.5139.7139.9140.1140.2

Transportationequipment

Total

40.441.944.245.546.150.356.760.564.669.575.382.994.3

100.0102.8105.2107.9110.5112.5114.3117.7121.5126.4130.4133.7137.2139.7141.7141.6141.2141.7

141.4141.5141.5141.3140.7140.2140.4140.0139.6142.9142.8142.3142.0142.3141.8141.9141.5141.1140.5140.4139.8143.5143.2143.0

Motorvehicles

andequip-ment

33.434.336.337.939.039.939.339.239.238.939.139.239.239.840.941.743.345.747.047.451.457.661.265.270.075.883.194.6

100.0102.2104.1106.4109.1111.7113.1116.2118.2122.1124.9128.0131.4133.0134.1132.7131.4131.6

132.0132.1132.0131.7130.6129.9130.2129.6128.8133.7133.6132.9132.0132.4131.7131.9131.4130.6129.8129.7128.8134.3133.7133.5

Miscel-laneousprod-ucts

31.331.331.732.633.333.433.633.733.934.234.434.735.336.237.038.139.840.841.543.348.153.455.659.466.775.593.696.1

100.0104.8107.0109.4111.6114.9120.2126.5134.2140.8145.3145.4141.9145.4147.7150.9156.0166.7

152.3153.2153.5154.7155.6155.6155.4156.3156.3156.3156.4166.0166.0165.7165.4165.4165.4165.0164.8164.8169.1169.4169.3169.8


383


TABLE B-66.—Changes in producer price indexes for finished goods, 1960-99[Percent change]

Year ormonth

1960196119621963196419651966196719681969

1970197119721973197419751976197719781979

198019811982198319841985 ZZ.19861987 ... .19881989

19901991199219931994199519961997 .19981999 ZZ.

1998: Jan ...Feb ...Mar ..Apr ...Nfay..June .

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

1999Jan ....Feb ....Mar ...

fciJune ..July ...Aug*..Sept ..Oct ....Nov ....Dec ....

Totalfinishedgoods

Dec. toDec.1

1.8-.6

-'3.6

3.32.0173.14.92.13.33.9

11.718.36.63.86.79.3

12.8

11.87.13.6.6

1.71.8

-2.32.24.04.95.7

TieL72.32.8

-1.203.0

Year toyear

0.90

-3.3

1.83.21.12.83.83.43.13.29.1

15.410.64.56.47.9

11.2

13.49.24.11.62.11.0

-1.42.12.55.2

4.92.11.21.2.6

192.7

-!s1.8

Finishedconsumer

foods

Dec. toDec.1

5.3-1.9

.6-14

911.3-34.68.1

-2.35.87.9

22.712.85.6

-2.56.9

11.77.47.51.52.02.33.5

.6

35.75.2

2.6-1.5

1.62.41.1193.4-.8

'.9

Year toyear

2.0

~!s-11

4.06.5

-1.83.96.03.31.65.4

20.514.08.4

?39.09.35.85.82.21.04.4

U2.12.85.4

4.8

-!61.9.9

173.6

"'.6

Finished goods excluding consumer foods

Total

Dec. toDec.1

2.53.34.32.02.36.6

21.17.26.26.88.3

14.8

13.48.74.201.12.2

-4.03.23.24.86.9

,|L9232.6

-1.2

?.6

Year toyear

2.62.83.53.72.04.0

16.212.16.27.17.2

11.8

16.210.34.61.81.41.4

-2.62.12.45.05.03.01.81.1.6

192.4

-Ll2.2

Consumergoods

Dec. toDec.1

0.3

o'0

.91.82.02.02.83.82.12.17.5

20.36.86.06.78.5

17.6

14.18.64.2-.9

.82.1

-6.64.1

ii8.7

L6-1.4

H3.7

-1.5

?.2

Year toyear

0.6

o'0

.91.51.82.32.3

ii1.84.6

17.010.46.27.37.1

13.3

18.510.34.11.21.01.1

-4.62.22.45.65.92.91.8

202.9

.5-1.4

3.3

Capitalequipment

Dec. toDec.1

0.30.3.6.9

1.53.8

tt4.8

if2.15.1

22.78.16.5

8.08.8

11.49.23.92.01.82.72.11.33.63.83.42.51.71.8

ft.4

-.60

Year toyear

0.3

.3

.3

.91.22.43.53.43.54.74.02.63.3

14.315.26.76.47.98.7

10.710.35.72.82.32.22.01.82.33.93.53.11.91.82.1191.2-.1

?

Finishedenereygoods

Dec.to

Dec.1

16.311.612.08.5

58.1

27.914.1

-9i2-4.2

-38111.2-3.6

9.530.7-9.6-.3

-4.13.511

11.7-6.4

-11.718.4

Yearto

year

17.211.715.76.5

35.0

49.219.1-1.5-4.8-4.2-3.9

-28.1-1.9-3.2

9.914.24.1

~'.3-1.3

146.5

-iolo5.1

Finished goodsexcluding foods

and energy

Dec. toDec.1

17.76.05.76.28.49.4

10.87.74.91.92.02.72.7214.34.2

3.53.12.0

L626

.602.5

.9

Year toyear

11.411.45.76.07.58.9

11.28.65.73.02.4

y2.43.34.43.7

ii1.2

!•?1.4.3.9

1.7

Percent change from preceding month

Unad-justed

-0.6

-.1

'.2

.2

~'.6-.4

.2

.2-.5

.2

.6

.4

.2

16.8

o'0

Sea-son-

ally ad-justed

-0.6

?

-.1

.2

~'.2

~!5.3

-.5.3

o'.2

i!o"'.2

Unad-justed

-1.0

~;

-!3.8

-1.1

-LO.8

LO.8

-1.0~'2

Sea-son-

ally ad-justed

-0.3

~'A-.5

.5

~2

o'1.5

-1.2.3

~A

-.6

LO

~1

Unad-justed

-0.5

0'

'.3

0

~!s~3

0-.2

ri'.2

'.5.8

'.1

Sea-son-

ally ad-justed

-0.7

o'-.2

.2

~'.2

-.2

-.1

!9

'.61.0

'.2.3

Unad-justed

-0.9

?.3.6.2

0

~'.6-.6

.60

~!31.6

'.3.6.8

1.1

'.1

Sea-son-

ally ad-justed

-0.9

o'.2.2

.2

~1

-!31.0-.1

L3

o'.8.8

1.4-.1

A

Unad-justed

0

I-.3

-.2

LO

-.1

-.2

-.1

-.1-.1

L3

o'

Sea-son-

ally ad-justed

-0.10.1

-.1

.1

"13

1-.1-.1

-1

o'

-.1-.1

-.1.1

Unad-justed

-3.4-2.1-2.2

211.2

-.4-2.0

0-1.1-2.4-2.7

-L71.66.62.11.42.73.52.9

-2.7

-.2

Sea-son-allyad-

justed

-3.7-1.4-2.2

~'.4-.8

-L9

"'.8-1.3-1.8

.8-11

1.75.5

-A3.03.72.3

-1.01.41.2

Unad-justed

01

!50

-11

Ll

19-1

0'

-1-1

L3

?

Sea-son-

ally ad-justed

0

Is'.1

-1

o''.1

I'.O

-.2

-11

-11

~.'7

o'1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through August 1999 to reflect the availability of late reports and corrections by respondents. All data are sub-

ject to revision 4 months after original publication.


384


MONEY STOCK, CREDIT, AND FINANCE

TABLE B-67.—Money stock and debt measures, 1959-99[Averages of daily figures, except debt; billions of dollars, seasonally adjusted]

Yearand

month

December:1959 .I9601961i%2 rz"7™1963196419651966196719681969197019711972197319741975 .19761977197819791980 . . .198119821983 . .1984198519861987198819891990199119921993199419951996199719981999"

1998: JanFebMarAprMayJuneJulyAug .Sertoct zzzz:zzzzzzzNovDec . .

1999- JanFebMarA p r . . .May"":::"".""::"":.""JuneJulyAug ZZZZZZZZZZSeptOctNovDec^

Ml

Sum ofcurrency,demanddeposits,travelers

checks, andother

checkabledeposits(OCDs)

140.0140.7145.2147.8153.3160.3167.8172.0183.3197.4203.9214.4228.3249.2262.9274.2287.1306.2330.9357.3381.8408.1436.2474.3520.8551.2619.4724.3749.7786.3792.6824.6896.7

1,024.51,129.41,149.91,126.91,081.61,075.21,093.71,125.41,074.21,076.41,081.01,082.41,078.51,078.41,076.01,072.61,075.01,080.81,089.31,093.71,091.41,093.11,102.41,108.81,105.21,101.51,100.01,102.91,094.01,099.01,108.31,125.4

M2

Ml plusretail

MMMFbalances,savingsdeposits

(includingMMDAs)tandsmall timedeposits

297.8312.4335.5362.7393.2424.7459.2480.2524.8566.8587.9626.5710.3802.3855.5902.4

1,016.61,152.61,271.11,366.91,474.71,600.41,756.11,911.22,127.82,311.72,497.42,734.02,832.82,995.83,159.93,279.13,379.83,434.13,487.53,502.23,649.33,824.24,046.74,401.44,662.74,071.44,100.84,125.94,154.94,174.34,198.34,215.74,241.04,284.64,325.94,364.44,401.44,425.44,446.04,455.94,488.94,506.94,523.74,545.14,567.24,586.54,606.44,627.44,662.7

M3

M2 pluslarge timedeposits,

RPs, Euro-dollars, andinstitution-only MMMFbalances

299.7315.2340.8371.3405.9442.4482.1505.4557.9607.2615.9677.1776.0885.9985.0

1,070.21,171.91,312.31,472.71,646.51,810.11,996.32,254.92,460.92,699.22,992.83,209.83,501.23,692.03,935.24,091.04,155.64,208.64,220.04,279.94,353.94,618.64,955.85,403.45,995.76,484.95,448.25,483.15,541.35,586.25,627.95,670.65,691.15,746.85,810.15,872.05,936.95,995.76,017.46,065.16,059.76,104.56,133.56,166.46,192.56,216.46,247.46,296.36,384.66,484.9

Debt'

Debt ofdomestic

nonfinancialsectors

(monthlyaverage ofadjacent

month-endlevels)

687.7723.1765.9818.7873.6937.1

1,004.11,071.31,145.71,237.31,327.41,416.81,550.51,706.81,892.02,065.02,252.42,497.22,814.13,202.83,591.93,934.24,345.94,782.25,351.86,148.87,068.77,933.38,673.99,464.0

10,156.310,818.111,292.811,816.812,403.512,999.613,716.614,463.615,227.916,250.4

15,303.015,395.515,493.815,581.415,661.315,746.715,832.715,915.215,992.616,077.216,170.416,250.416,336.616,427.216,542.516,646.016,719.416,795.616,873.916,967.917,066.817,155.017,225.1

Percent change from year or 6months earlier2

Ml

%1.83.74.64.72.56.67.73.35.16.59.25.54.34.76.78.18.06.96.96.98.79.85.8

12.416.93.54.9

.84.08.7

14.310.21.8

-2.0-4.0-.61.72.91.2.8

3.03.82.0

.6-J

-1.1

2:02.82.93.85.15.22.91.41.61.8

-1.5-1.8

.64.3

M2

4.97.48.18.48.08.14.69.38.03.76.6

13.413.06.65.5

12.713.410.37.57.98.59.78.8

11.38.68.09.53.65.85.53.83.11.61.64:24.85.88.85.97.27.17.27.77.57.57.16.87.78.29.19.79.99.78.07.56.55.65.45.55.95.25.36.1

M3

li8.99.39.09.04.8

10.48.81.49.9

14.614.211.28.69.5

12.012.211.89.9

10.313.09.19.7

10.97.39.15.46.64.0

!|L41.76.17.39.0

11.08.2

10.19.6

10.310.610.39.98.99.69.7

10.211.011.511.511.18.67.96.65.75.85.06.26.38.2

10.3

Debt

7.75.15.96.96.77.3

86.9

H6.79.4

10.110.99.19.1

10.912.713.812.19.5

10.510.011.914.915.012.29.39.17.36.54.44.65.04.85.55.45.36.7

6.06.36.66.76.76.86.96.86.46.46.56.46.46.46.97.16.86.76.66.66.36.16.0

1 Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors; dataderived from flow of funds accounts.2 Annual changes are from December to December; monthly changes are from 6 months earlier at a simple annual rate.

Note.—See Table B-68 for components.Source: Board of Governors of the Federal Reserve System.

385


TABLE B-68.—Components of money stock measures, 1959-99[Averages of daily figures; billions of dollars, seasonally adjusted]

Yearand

month

December:1959I960196119621963 .. .1964196519661967196819691970 . .197119721973 .. . .19741975 . .1976197719781979198019811982198319841985198619871988 . . .19891990 .199119921993199419951996199719981999^ ..

1998- JanFebMarAprMavl\iwÎÎÎIIÎÎIII^»IIIÎIIII.JulyAugSeptOctNovDec

1999- JanFeb .-MarAprMayJuneJulyAug "...Septocf : ::...::.r:...: ::....::....::,::".:::"::Nov .Dec^

Currency

28828729330332233936.038040043.045748652.056260867.072879.5874960

104811531225132514621561167.918071969212222262470267.529253220354.23723394.14245459.2516.9427.04300432.143424364439.244234448449.64533456545924627467647204765480.948414873490.94950499.25052516.9

Nonbanktravelerschecks

033

44.5

6.6

89

1.0121.41.7212.6293.33535363.640434.852576161707.1757.48.0858.3818.28.28.08.08.18.1828.691908.786838282818282838690908785828.2

Demanddeposits

110.8111.6115.511711206125.8131.31334142.5153.6157.3164.7175.11916200.3205.1211.3221.52364249.5256626122314234.12385243.4266.9302.82876287.027872769289.73400385.4383.6389.4403.0396.5377.5358.9392.8392.3391.0389.23878384.7379.33748374.43747377.037753711371.837413740369.53630362.7363.43529354.53572358.9

Othercheckabledeposits(OCDs)

0.0.0.00i

.1

.1

.1

.2

.1

.20

.4

.92.74 28.5

168281787

104.11321147.4179.8235.62595280.928512937332.53844414.6404.13567276.22462248.8241.4246.3246.1249.8250.92462245.9245.32440242.424422476248824952455248125012465245924092396237423682377241.4

Smalldenomi-nationtime

deposits1

11.412.514.820125529.234.555077.8

100.512041512189.723162658287.93379390.74455521.0634372858231850978418888885.785849210

1,037 111513117341,065.6

8681782.1816.59317947.6969.3952.0952.4970.8970.1968.9967.69660965.2962.49597958.79579955795209465940793669337930892649263929.1934393959470952.4

Savingsdeposits,including

moneymarketdeposit

accounts(MMDAs)2

146.5159.1175.519482144235.2256.92531263.7268.926372610292.23214326.8338.63889453.24922481.9423840033439400168497047815.394099374926489379232

1 044.4118671J219.11,150.011351l!.272.31 400.21,605.01,738.81,413.81,428.51,439.41,459.3147221485.91505815225L543.715631l'582 6l'605 016227163311*636 0l'657'l1675116941l'715'9l'725817428l'746 0174221J38.8

1 Small denomination deposits are those issued in amounts of less than $100,000.2 Data prior to 1982 are savings deposits only; MMDA data begin December 1982.See next page for continuation of table.

386


TABLE B-68.—Components of money stock measures, 1959-99—Continued[Averages of daily figures; billions of dollars, seasonally adjusted]

Yearand

month

December:1959196019611962 .1963196419651966196719681969 . . . .197019711972197319741975197619771978 . . .1979198019811982198319841985198619871988198919901991199219931994 . .19951996 . .199719981999*

1998:JanFebMarAprMayJuneJulyAugSeptOct.::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::NovDec

1999:JanFebMar .AprMayJuneJulyAugSeptOctNovDec*

Money marketmutual fund

(MMMF) balances

Retail

0.0.0.0.0.0.0.0.0.0.0.0.0.0.0

L72.82.52.66.7

34.963.5

152.9185.9138.1167.0177.1210.4224.7246.1322.3358.0373.1354.7357.0385.8455.5522.8602.0750.7846.1612.6625.9636.7645.6657.5668.8671.5686.1707.1724.2736.8750.7764.8779.1780.9789.3795.8801.6802.9809.5815.4821.9829.9846.1

Institu-tiononly

0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0

:sLO3.5

10.416.038.248.840.961.864.685.592.792.8

111.1139.6187.7210.5212.5204.7255.9313.3379.9516.2606.7385.9391.3399.8414.4426.9437.7441.9454.5467.8486.7503.8516.2515.0529.9529.1538.4544.6548.1546.0556.4559.3571.0588.8606.7

Largedenomi-nationtime

deposits3

1.22.03.97.0

10.815.221.223.130.937.420.445.257.773.3

110.9144.7129.7118.1145.2195.6223.1260.2303.8324.8316.5403.2422.4420.2467.1518.3541.5482.1417.6354.4334.5364.4421.0493.1575.7629.5715.9582.0592.1606.4607.1612.2620.3613.6620.2621.3621.4625.0629.5637.3626.3617.1623.7621.6618.2626.7621.1630.8654.3685.7715.9

Oyer-

andVmrepur-chaseagree-ments(RPs)(net)

0.0.0.0.0.0.0.0.0.0.0

4.93.05.26.6

12.814.515.025.533.545.249.258.267.871.897.3

107.3121.2145.8178.0196.5169.1151.5131.1141.6172.6196.4198.7211.3251.7297.8329.6258.8253.5267.4268.0269.1268.0270.7277.6282.0282.6289.2297.8292.3309.9298.1289.9295.4308.4308.9310.7310.4307.3317.3329.6

Over-night

and termEuro-

dollars(net)

0.7.8

1.51.61.92.4

II2.22.92.72.42.93.85.88.5

10.215.421.935.352.861.588.9

104.3116.6108.9104.2115.7121.5131.7109.4103.392.379.572.786.193.7

113.9149.3150.7169.9150.0145.4141.8141.9145.4146.3149.2153.5154.4155.5154.5150.7147.3153.1159.4163.5165.0168.1165.7161.1160.3157.3165.5169.9

3 Large denomination deposits are those issued in amounts of more than $100,000.Note.—See also Table B-67.Source: Board of Governors of the Federal Reserve System.

387


TABLE B-69-—Aggregate reserves of depository institutions and monetary base, 1959-99[Averages of daily figuresL, millions of dollars; seasonally adjusted, except as noted]

Year and month

December:1959I9601961196219631964

196819691970197119721973 .. .1974197519761977 :19781979198019811982 ....19831984 ...198519861987198819891990199119921993199419951996199719981999*

1998- JanFebMarAprMayJuneJuly .Aug z :z: zz".izSeptOct.;. ::NovDec

1999: JanFebMarApr|/ayJuneJulyAug :Sept ..oct :::...:::.::::: :.::::: ::::NovDec*

Adjusted for changes in reserve requirements2

Reserves of depository institutions

Total

11,10911,24711,49911,60411,73012,01112,3161222313,18013,76714,16814,55815,23016,64517,02117,55017,82218,38818,99019,75320,72022,01522,44323,600

&ffi31,55838,82638,89640,43540,46941,74745,49354,38860,53059,41956,45450,16246,86144,90241,53746,68045,74445,85446,11945,51645,41044,89544,98344,54044,40544,49744,90245,12544,55143,71743,97944,36042,86741,97842,06742,11340,94341,19841,537

Nonbor-rowed

10,16811,17211,36611,34411,39711,74711,8721169012,95213,02113,04914,22515,10415,59515,72316,82317,69218,33518,42018,88519,24820,32521,80722,96624,59323,72630,239

38,'ll938,71940,20441,42245,30154,26560,44859,21056,19750,00846,53744,78541,21646,47045,68645,81346,04745,36345,15944,63744,71244,29044,23144,41444,78544,92044,43543,65243,81244,23342,72241,66941,72341,77440,66140,96241,216

Nonbor-rowedplus

extendedcredit

10,16811,17211,36611,34411,39711,74711,87211,69012,95213,02113,04914,22515,10415,59515,72316,97017,70418,33518,42018,88519,24820,32821,95623,15224,59526,33030,73938,30238,60239,96340,22441,44545,30154,26560,44859,21056,19750,00846,53744,78541,21646,47045,68645,81346,04745,36345,15944,63744,71244,29044,23144,41444,78544,92044,43543,65243,81244,23342,72241,66941,72341,77440,66140,96241,216

Required

10,60310,50310,91511,03311,23911,60511,89211,88412,80513,34113,88214,30915,04916,36116,71717,29217,55618,11518,80019,52120,27921,50122,12423,10024,80626,07830,49537,65337,87739,37439,52840,083as59,46058,26055,16448,74645,17643,31940,22544,88744,21144,50344,73144,24343,79443,52443,45342,84642,83142,87343,31943,59143,33642,41242,82043,10541,60640,90240,93840,91639,79039,86440225

Mone-tarybase

40,88040,97741,85342,95745,00347,16149,62051,56554,57958,35761,56965,01369,10875,16781,07387,53593,887101,515110,324120,445131,143142,004149,021160,127175,467187,236203,552223,426239,850256,888267,701293,240317,512350,865386,451418,072434,098451,373478,877512,321590,295481,483483,250485,295487,571489,571492,314494,736497,869

8B8509,144512,321516,807520,843524,233528,741534,860537,625541,203544,415549,560557,154569,349590,295

Borrowings of depositoryinstitutions from theFederal Reserve, NSA

Total

94174133260332264444532228746

1,119332126

1,0501,29872713053569868

1,4731,690a774

3,1861,318827777

1,716265326192124822092571553241173 32021058417215325125827125117483117206116651661271453093443383 2813 2363 320

Seasonal

413214135513582116

89611356389313084763818

18406879156718122241941592152421781073715791839891272262712822217167

Extendedcredit

14712

3148186

2,604499303483

1,2442023

100000000000000000

80000

§0000

2 Aggregate reserves incorporate adjustments for discontinuities associated with regulatory changes to reserve requirements. For details onaggregate reserves series see Federal Reserve Bulletin.3Total includes borrowing under the terms and conditions established for the Century Date Change Special Liquidity Facility in effect fromOctober 1,1999 through April 7, 2000.

Note.—MSA indicates data are not seasonally adjusted.Source: Board of Governors of the Federal Reserve System.

388


TABLE B-70.—Bank credit at all commercial banks, 1973-99[Monthly average; billions of dollars, seasonally adjusted l]

Year and month

December:19731974197519761977 .1978197919801981198219831984198519861987198819891990199119921993 .1994199519961997 .19981999

1998:JanFebMar .AprMayJuneJulyAugsept .:::...:::...:.:...:OctNovDec

1999JanFebMarAprMayJuneJulyMg ::.:.:SeptOctNovDec

Totalbankcredit

660.4725.4758.8818.5905.7

1,021.61,133.31,226.41,319.01,424.01,573.71,743.51,925.22,106.52,252.02,431.02,605.32,752.02,857.92,956.63,116.13,322.83,606.13,762.84,104.84,548.84,782.84,159.64,188.14,218.14,221.24,243.34,268.04,287.94,347.74,395.34,490.54,529.74,548.84,539.44,524.24,494.74,507.64,516.94,553.84,549.74,582.94,607.64,636.54,704.04,782.8

Securities in bank credit

Totalsecurities

180.5185.6221.8245.3253.4259.4266.6300.8313.8339.1402.9406.8453.8506.5534.0562.6585.2634.3746.0841.5915.0939.8984.7978.7

1,086.01,226.51,267.61,111.31,113.01,125.31,113.01,125.51,126.21,134.61,160.41,178.01,218.81,222.01,226.51,217.21,206.41,189.01,193.11,192.61,211.71,227.01,242.41,246.61,253.51,249.21,267.6

U.S.Govern-

mentsecu-rities

90.588.7

119.8140.1140.4141.7148.1174.3182.4204.5261.7263.1272.7310.4338.6367.6400.8456.4566.5664.8730.3721.7701.8699.1748.0793.2803.7760.7765.4777.3764.5769.2759.6764.2776.9772.0776.9790.0793.2796.0793.3801.0801.8800.0811.2814.4820.1817.6812.6798.8803.7

Othersecu-rities

90.196.9

102.1105.2112.9117.8118.5126.4131.4134.6141.2143.7181.0196.2195.4195.0184.3177.9179.5176.7184.7218.1282.9279.6337.9433.4463.9350.6347.6348.0348.5356.3366.6370.4383.4406.0441.9432.0433.4421.2413.0387.9391.3392.6400.5412.7422.3428.9440.9450.4463.9

Loans and leases in bank credit

Totalloans andleases2

479.9539.8537.0573.2652.4762.2866.7925.7

1,005.21,085.01,170.81,336.71,471.41,599.91,718.01,868.42,020.12,117.72,111.92,115.12,201.12,383.02,621.42,784.13,018.83,322.23,515.13,048.33,075.13,092.83,108.23,117.83,141.83,153.43,187.33,217.33,271.73,307.63,322.23,322.23,317.83,305.73,314.53,324.33,342.13,322.73,340.53,361.13,383.03,454.83,515.1

Com-mercial

andindus-trial

167.3198.7188.9191.5211.3246.2285.6317.1356.0397.5419.7480.1505.7541.9570.5611.4643.0645.8624.3600.6591.3651.4725.1789.0856.3952.6

1,008.1868.7875.7879.6877.5888.6901.9907.2915.2921.8943.8954.9952.6952.8952.9957.0961.6957.3963.4965.3972.7980.8986.1

1,005.81,008.1

Real estate

Total

123.3136.7141.9156.0183.8220.9252.6272.9294.5309.1337.5383.4432.3500.8590.7674.7770.6857.9883.7906.0947.7

1,011.01,090.01,141.81,247.41,338.11,471.61,248.61,262.81,275.51,281.11,277.71,278.21,282.81,292.41,294.61,301.41,323.81,338.11,345.81,347.51,348.81,351.31,360.61,366.21,367.71,379.91,396.51,419.01,433.61,471.6

Re-vplv-

homeequity

"31.042.052.865.473.377.477.079.383.289.4

103.3102.4106.1104.0104.0104.0104.1103.8103.6103.5103.3103.6102.4102.6102.4102.3101.8102.0103.1104.4103.898.098.798.499.0

100.6106.1

Other

123.3136.7141.9156.0183.8220.9252.6272.9294.5309.1337.5383.4432.3500.8559.7632.8717.9792.4810.3828.6870.6931.7

1,006.81,052.41,144.11,235.71,365.51,144.61,158.81,171.51,177.01,173.91,174.61,179.31,189.11,191.01,199.01,221.21,235.71,243.51245.71,246.81,248.21,256.21,262.41,269.61,281.31298.11,320.1

Con-sumer

100.9104.8107.4119.0141.4168.3188.8182.1185.0190.9215.7256.6296.6316.1330.2354.9375.4380.9363.8356.2387.7448.1491.3512.5502.4497.8495.6498.9496.4495.2498.6497.5495.7489.2488.5491.2493.1496.0497.8499.8499.3498.6499.5495.9491.1481.2480.1481.0481.5485.1495.6

Secu-rity

10.910.412.417.320.319.017.116.819.622.925.532.740.836.734.939.840.444.553.863.988.177.784.676.897.0

150.7155.3116.6119.5114.7116.7120.2127.9130.7136.3141.8156.6150.0150.7146.4139.0119.1122.1126.8131.0122.4122.4116.2111.0134.0155.3

Other

77.589.286.489.595.5

107.9122.6136.8150.1164.4172.4183.8196.0204.4191.7187.7190.7188.6186.4188.4186.3194.8230.4263.9315.6383.0384.5315.6320.7327.8334.3333.9338.2343.4355.0367.9376.9382.9383.0377.5379.1382.3380.0383.8390.5386.2385.3386.6385.4396.3384.5

1 Data are prorated averages of Wednesday values for domestically chartered commercial banks, branches and agencies of foreign banks,New York State investment companies (through September 1996), and Edge Act and agreement corporations.2 Excludes Federal funds sold to, reverse repurchase agreements (RPs) with, and loans to commercial banks in the United States.


389


TABLE B-71.—Bond yields and Interest rates, 1929-99[Percent per annum]

Year andmonth

1929193319391940194119421943 '1944194519461947194819491950195119521953 . .195419551956195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986 !..1987198819891990199119921993199419951996199719981999

U.S. Treasury securities

Bills(new issues)1

3-month

0.515.023.014.103.326.373375.375375594

10401.1021.218155217661931

9531.753265832671.839340529282.3782.7783.1573.5493.9544.8814.3215.3396.6776.45843484.0717.0417.8865.8384.9895.2657.221

10.04111.50614.02910.6868.639.587.485.985.826.698.127.515.423.453.024.29

185.074.814.66

6-month

3.8323.2472.6052.9083.2533.6864.0555.0824.6305.4706.8536.5624.5114.4667.1787.9266.1225.2665.5107.572

10.01711.37413.77611.0848.759.807.666.036.056.928.047.475.493.573.144.665.595.095.184.854.76

Constantmaturities2

3-year

2.471.632.473.193.982.844463983.543.473.674.034.225.235.035.687.027.295.655.726.957.827.496.776.698.299.71

11.5514.4412.9210.4511.899.647.067.688.268.558.266.825.304.446.276.255.996.105.145.49

10-year

2.852.402.823.183.653.324334123.883.954.004.194284.925.075.656.677.356.166.216.847.567.997.617.428.419.44

11.4613.9113.0011.1012.4410.627.688.398.858.498.557.867.015.877.096.576.446.355.265.65

30-year

"

'7758.499.28

11.2713.4512.7611.1812.4110.797.788.598.968.458.618.147.676.597.376.886.716.615.585.87

Corporatebonds

(Moody's)

Aaa

4.734.493.012.842.772.832.732.722.622.532.612.822.662.622.862963.202.903.063.363.893.794.384.414.354.334.264.404.495.135.516.187.038.047.397.217.448.578.838.438.028.739.63

11.9414.1713.7912.0412.7111.379.029.389.719.269.328.778.147.227.967.597.377.266.537.04

Baa

5.907.764964.754.334.283.913.613.293.053.243.473.423.243.413523.743.513.533.884.714.735.055.195.085.024.864.834.875.676.236.947.819.118.568.168.249.50

10.619.758.979.49

10.6913.6716.0416.1113.5514.1912.7210.3910.5810.8310.1810.369.808.987.938.628.208.057.867.227.87

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

4.274.712.762.502.102.362.061.861.671.642.012.402.211.982.002192.722.372.532.933.603.563.953.733.463.183.233.223.27

iS4.515.816.515.705.275.186.096.896.495.565.906.398.51

11.2311.579.47

10.159.187.387.737.767.247.256.896.415.636.195.955.755.555.125.43

New-homemort-

£&

=

5"895.835.816.256.466.977.818.457.747.607.968.929.009.009.029.56

10.7812.6614.7015.1412.5712.3811.5510.179.319.19

10.1310.059.328.247.207.497.877.807.717.077.04

Com-mer-cial

paoer,

months4

5.851.73.59.56.53.66.69.73.75.81

1.031.441.491.452.162.332.521.582.183.313.812.463.973.852.973.263.553.974.385.555.105.907.837.715.114.738.159.846.325.345.617.99

10.9112.2914.7611.898.89

10.168.016.396.857.688.807.955.853.803.304.935.935.425.62

Primerate

charged

banKs5

5.50-6.001.5(M.OO

1.501.501.501.501.501.501.501.50

1.50-1.751.75-2.00

2.002.072.563.003.173.053.163.774.203.834.484.824.504.504.504.504.545.635.616.307.967.915.725.258.03

10.817.866.846.839.06

12.6715.2718.8714.8610.7912.049.938.338.219.32

10.8710.018.466.256.007.158.838.278.448.358.00

Discountrate,

FederalReserve

Bankof NewYork5

5.162.561.001.001.007 1.007 1.007 1.00

7 1.007 1.001.001.341.501.591.751.751.991.601.892.773.122.153.363.533.003.003.233.554.044.504.195.165.875.954.884.506.447.836.255.505.467.46

10.2811.7713.4211.028.508.807.696.335.666.206.936.985.453.253.003.605.215.025.004.924.62

Federalfundsrate6

1.782.733.111.573.303.221.962.683.183.504.075.114.225.668.207.184.664.438.73

10.505.825.045.547.93

11.1913.3616.3812.269.09

10.238.106.816.667.579.218.105.693.523.024.215.835.305.465.354.97

1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Department of the Treasury.3 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate and assuming, onthe average, repayment at end of 10 years. Rates beginning January 1973 not strictly comparable with prior rates.4 Bank-discount basis; prior to November 1979, data are for 4-6 months paper. Series no longer published by Federal Reserve (FR). See FRrelease H.15 Selected Interest Rates dated May 12.1997.5 For monthly data, high and low for the period. Prime rate for 1929-33 and 1947-48 are ranges of the rate in effect during the period.


390


TABLE B-71.—Bond yields and interest rates, 1929-99—Continued[Percent per annum]

Year andmonthiilUfllil

1995:JanFebMarAprtfayJuneJulyAugSeptOctNovDec

1996:JanFeb .MarAprMay '::.::::.:JuneJulyAugSeptOct .NOV'....:Dec

1997:JanFebMarAprMayJuneJulyAugsept".::::::::OctNovDec

1998:JanFeb .. .MarApr ...::..:::MayJuneJulyAugSeptOctNovDec

1999:JanFebMarAprMayJuneJulyAugSeptOctNovDec

U.S. Treasury securities

Bills(new issues)1

3-month

5.815.805.735.675.705.505.475.415.265.305.355.16

5.024.874.964.995.025.115.175.095.155.015.034.87

5.055.005.145.175.134.925.075.134.974.955.155.16

5.095.115.035.005.034.994.964.944.744.084.444.42

4.344.454.484.284.514.594.604.764.734.885.075.23

6-month

6.316.105.915.805.735.465.415.405.285.345.295.15

4.974.794.965.085.125.265.325.175.295.125.075.02

5.115.055.245.355.355.145.125.175.115.095.175.24

5.075.075.045085.155.125.034.974.754.154.434.43

4364.434.524.364.554.814.624.884.914985.175.43

Constantmaturities2

3-year

7.667.256.896.686.275.805.896.105.895.775.575.39

5.205.145.796.116.276.496.456.216.416.085.825.91

6.166.036.386.616.426.246.006.065.985.845.765.74

5.385.435.575.585.615.525.475.244.624.184.574.48

4614.905.115.035.335.705.625.775.755.945.926.14

10-year

7.787.477.207.066.636.176.286.496.206.045.935.71

5.655.816.276.516.746.916.876.646.836.536.206.30

6.586.42

»6.716.496.226.306.216.035.885.81

5.545.575.655.645.655.505.465.344.81

4834'.65

4725.005.235.185.545.905.795.945.926116.036.28

30-year

7.857.617.457.366.956.576.726.866.556.376.266.06

6.056.246.606.796.937.067.036.847.036.816.486.55

6,836.696.937.096.946.776.516.586.506.336.115.99

5.815.895.955925.935.705.685.545.205.015.255.06

5165.375.585.555.816.045.986.076.07626U56.35

Corporatebonds

(Moody's)

Aaa

8.468.268.128.037.657.307.41

1%7.127.026.82

6.816.997.35

7 627717.657.467.667.397.107.20

7.427.317.557.737.587.417.147.227.157.006.876.76

6.616.676.716.696.696.536.556.526.406376.416.22

6246406.626.646.937.237.197.407.397557:367.55

Baa

9.088.858.708.608.207.908.04

H!7.757.687.49

7.477.638.038.198.308.408.358.188.358.077.797.89

8.097.948.188.348.208.027.757.827.707.577.427.32

7.197.25

7 337'.307.137.157.147.097187.347.23

7297.397.537.487.728.027.958.158.208388.158.19

High-

munici-pal

hnnrkDonas(Stand-ard &

Poor's)

6.536.246.106.015.905.835.986.075.885.775.615.42

5.425.455.825.935.986.035.915.725.865.715.595.62

5.725.635.785.885.715.605.415.475.385.375.385.22

5.075.165.305.335.215.135.185.134.984.905.065.00

5045.035.105.075.175.345.365.595.705925.855.93

New-homemort-gage

yields3

8.188.288.218.157.997.737.787.757.697.587.467.40

7.327.207.497.767.808.058.018.087.987.957.807.79

7.817.787.888.038.017.957.787.597.617.547.407.40

7.277.247.177.197.187.167.137.096.986.856.806.94

6966.926.866.856.897.037.297.097.097177.247.28

Com-mer-cial

pager,

months4

6.636.386.306.196.075.795.685.755.665.715.595.43

5.234.995.265.385.425.575.675.515.665.455.405.44

5.485.425.615.795.785.695.605.59

Primerates

High-low

8.50-3.509.00-8.509.00-9.009.00-9.009.00-5.009.00-5.009.00-8.758.75-8.758.75-8.758.75-3.758.75-8.758.75-3.50

8.50-3.508.50-8.258.25-8.258.25-8.258.25-3.258.25-8.258.25-3.258.25-3.258.25-3.258.25-8.258.25-3.258.25-3.25

8.25-8.258.25-8.258.50-8.258.50-8.508.50-3.508.50-8.508.50-8.508.50-8.508.50-8.508.50-8.508.50-3.508.50-8.50

8.50-8.508.50-8.508.50-8.508.50-8 508.50-3.508.50-8.508.50-8.508.50-8.508.50-3.258.25-8.008.00-7.757.75-7.75

7 75-7 757.75-775775-775775-775775-7757.75-7758.00-8.008.25-3.008.25-8.25825-8258:50-8:258.50-8.50

Discountrate,

FederalReserve

Bankof NewYork*

High-low

475-4755.25-4755.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.255.25-5.25

5.25-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.00

5.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.00

5.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-5.005.00-47547M.504.5M.50

4.50-4.504.50-4.504.504.504.50-4.504.504.504.504.504.504.50475-4.50475-475475-4.755.00-4755.00-5.00

Federalfundsrate6

5.535.925.986.056.016.005.855745.805765.805.60

5.565.225.315.225.245.275.405.225.305.245.315.29

5.255.195.395.515.505.565.525.545.545.505.525.50

5.565.515.495.455.495.565.545.555.515.074.834.68

4.634764.814.744.744764.995.075.225.205.425.30

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 theserates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usually the one atwhich most transactions occurred.7 From October 30,1942, to April 24,1946, a preferential rate of 0.50 percent was in effect for advances secured by Government securi-ties maturing in 1 year or less.

Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Board, Moody's InvestorsService, and Standard & Poor's.

391


TABLE B-72.—Credit market borrowing, 1990-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Item

NONFINANCIAL SECTORSDOMESTIC

FEDERAL GOVERNMENTTreasury securitiesBudget agency securities and

mortgagesNONFEDERAL, BY INSTRUMENT

Commercial paperMunicipal securities and loans ..Corporate bondsBank loans n.e.cOther loans and advancesMortgages

HomeMultifamily residentialCommercialFarm

Consumer creditNONFEDERAL BY SECTOR

Household sectorNonfinancial business

CorporateNonfarm noncorporateFarm

State and local governmentsFOREIGN BORROWING IN THE UNITED

STATESCommercial paperBondsBank loans nee .Other loans and advances

NONFINANCIAL DOMESTIC AND FOREIGNBORROWING

FINANCIAL SECTORSBY INSTRUMENT

Federal Government relatedGovernment-sponsored enter-

prise securities . . .Mortgage pool securitiesU S Government loans

Private financial sectorsOpen market paperCorporate bondsBank loans n.e.cOther loans and advancesMortgages

BY SECTORCommercial bankingSavings institutionsGovernment-sponsored enterprises ....Federally related mortgage poolsAsset-backed securities issuersFinance companiesFunding corporations

ALL SECTORSBY INSTRUMENT . .

Open market paperU S Government securitiesMunicipal securitiesCorporate and foreign bondsBank loans n.e.c . . .Other loans and advancesMortgagesConsumer credit

1990

655.1246.9238.7

8.2408.2

9.749.34714.3

61.82241212.9-1.8146-1.611.9

408.2239.4121.6125.1-4.5

1.047.2

23.912321.4-2.9-7.0

6789

21341674

171150.3

4618.6

5684.0

-23.9.6

2134-268-30.9

17.0150.361.623116.823

8923307

4144493

125.255

30.82247

11.9

1991

465.1278.2292.0

-138186.9-184

87.8788

-423-55.41470164.4-3.4

-1433

-10.718691611-59.6-46.0-15.6

2.085.4

15.168

15.031

-9.8

4802

17091457

92136.6

-0251

-32.3869

7.3-37.3

.51709-132-44.7

9.1136.668.7160-4.0

2 2

6511-4404240878

180.7-318

-102.41475-10.7

1992

524.2304.0303.8

2220.3

8630.5676

-12.05.7

1136169.5-13.4-431

.56.1

220.3166529.645.6

-16.4.5

24.1

24.156

16.823-.6

5483

24401558

403115.6

-0882-11886

H2440

100-7040.2

115.661.9-3116.2103

7924131

4598305

172.9-89

461142

6.1

1993

584.4256.1248.3

7.8328.3

10.074.87526.4

-18.91224160.1-5.1

-3361.0

58.4328.3209.4

52.746.9

3.22.6

66.2

69.8-9682.9

7-4.2

6542

29441653

80684.7

.01291-5.5

1231-14.4

22.43.6

294413411.380.684.785.4-1.4

6.3141

9486-51

4214748

281.2-72-.8

126058.4

1994

575.8155.9155.7

.2420.0

21.4-35.9

23375.234.0

177.0183.4-2.1-6.5

2.2124.9420.0316.3150.0142.3

3.34.4

-46.2

-13.9-261

12.214

-1.4

5619

46842875

1769115.4-48

180940.5

1218-13.7

22.698

468420112.8

172.1115.476.548723.1_3

10303357

4481-359157.362950.4

1868124.9

1995

721.0144.4142.9

1.5576.6181

-48.2911

103.767.2

2057180.4

7.61621.6

138.9576.63509277.2243.730.6

2.9-51.5

71.113549.785-5

7921

45392041

105998.2

0249842.7

19592.53.45.3

4539225

2.6105.998.2

142.450234.9-29

12460743

3485-482336.71147701

2110138.9

1996

745.4145.0146.6

-1.6600.3

-.92.6

116.370.533.5

289.7245.3

11.530.4

2.688.8

600.3354.0253.2164.683.84.8

-6.8

77.211355.8911.0

8226

548.92315

904141.1

03175

92.2176912.627.9

7.9548913025.590.4

141.1153.945964.1152

1371510263765

2 6348.9921625

297688.8

1997

787.123.123.2

-1764.013.771.4

1505106.569.1

3002237.6

10.8487

3.252.5

746.0327.3380.6297.0

77.46.2

56.1

57.637

47.285

-1.8

8447

65222128

984114.5

04394166.72090

13.235.6149

652246119.798.4

114.5200.748780.7434

1496918412359714

4067128210283151

52.5

1998

1,024.1-52.6-54.6

2.01,076.7

24.496.8

2187108.274.3

4866367.9

22.4902

6.267.6

1,076.7471.9524.5418.5

98.47.7

80.3

33.678

25.16 7

-60

10577

1,068.84709

2783192.6

059791610291830.190.2248

10688729522

278.3192.6316.3430407728

2126519314183968

5356145015855114

67.61 Credit unions, life insurance companies, mortgage companies, real estate investment trusts, and brokers and dealers.See next page for continuation of table.

392


TABLE B-72.—Credit market borrowing, 1990-99—Continued[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Itpm

NONFINAHCIAL SECTORSDOMESTIC

FEDERAL GOVERNMENTTreasury securitiesBudget agency securities and mortgages

NONFEDERAL, BY INSTRUMENTCommercial paperMunicipal securities and loansCorporate bondsBank loans neeOther loans and advancesMortgages

Home . . .Multifamily residentialCommercialFarm

Consumer creditNONFEDERAL, BY SECTOR

Household sectorNonfinancial business

CorporateNonfarm noncorporateFarm

State and local governmentsFOREIGN BORROWING IN THE UNITED STATES

Commercial paperBonds . . .Bank loans n.e.c ...Other loans and advances . . . . . . ..

NONFINANCIAL DOMESTIC AND FOREIGN BORROWINGFINANCIAL SECTORSBY INSTRUMENT

Federal Government relatedGovernment-sponsored enterprise securitiesMortgage pool securitiesU S Government loans

Private financial sectorsOpen market paperCorporate bondsBank loans n e eOther loans and advancesMortgages

BY SECTORCommercial bankingSavings institutionsGovernment-sponsored enterprisesFederally related mortgage poolsAsset-backed securities issuersFinance companiesFunding corporations

ALL SECTORSBY INSTRUMENT . .

Open market paperU S Government securitiesMunicipal securitiesCorporate and foreign bondsBank loans neeOther loans and advancesMortgagesConsumer credit

1

10773-14.5-12.1-24

1,091.851.1

113.5278835076.3

47823783

21.67414.1

589

10918465.15325426.99718.4

94295.0

55.3425

5.2-80

11723

9313

249214251067

0

6821236.7346357332791

9313

82.8106

1425106.72830746

139.2920

2103634302347113.56676976

10104873

58.9

19

II

10442-28.4-26.9-14

1,072.638

101.32948169240.8

40072891

21.18386.7

621

10726420.35703467.4954

7.5820

97.9

-25.51192

8.4-42

11421

9889405416642390

0

5835135.63618-97760199

988980.831.2

1664239.03524919

-286558

21310

11383771101.37758167911254205

62.1

98

III

9006-1135-113.1

-41,014.1

85682.9

10801078

77.7

47263752

16.17595.5

796

10141473.44707365.8976

7.3700

-19.66.2

-2723.6

-22

8810

10563555829402617

.0500.5141.01774602823396

1056361.7637

2940261.72942-120

11.2816

1937323274423

82.925821716157.85122

79.6

IV

10742-541

-66.3122

1,128.3-43.0

89.619321209102.559514291

30.61268

8.6699

11283528.65246413.71033

75751

-38.9-4.7

-3429.8

-97

10353

12987673351051628

.0625.4130.72819

12.41699306

1 298.766.3

103.25105162.83357

17840.9616

23340830

619189.6

44091430262.76257

69.9

1

12881-752

-73.7-15

1,363.364.4

100.72740

70.0151.05739415.1

35.91193

3.61292

13633556.47195611.21016

6.687417.3

18.39.9

-28

13054

121425922193.03992

.0622.0

78.34908-8.8416201

1,214.231.158.0

1930399.23005

712166.5-53

251961611517.0100.77657

62.1189.85940129.2

1999

II

8866-1122-112.8

6

998.73.4

48.02876

22.2-16.75941422.9

34.71275

9.0601

9987517.14459332.61142

-.9357

-36.4-27.1-126

5.6-23

8501

104295791304.72744

.0463.8

57.82898

10.51179-123

1,042.972.758.6

3047274.43358884

-63.8-276

18930341

467.048.0

564838.398.9

581860.1

III

1,130.9-83.1-83.2o

1,214.1

55.874.8

2028107.485.9

6119436.0

49.6117.9

8.4754

12141

566.0595.3469.31155

10.5528

62.6

41.4294-6.6-16

11935

1,046 5

6532407.12462

.0393.2

89.8148.1-1.2

147.294

1,046.5111.4

55.2407.1246.2190.5-227

31.227.6

2 240.01870570.1

74.83802

99.6231.5621.3

75.4


393


TABLE B-73.—Mortgage debt outstanding by type of property and of financing, 1945-99

[Billions of dollars]

End of yearor quarter

19451946194719481949 . ...195019511952 . ...1953195419551956195719581959

1960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981997-. 1

IIIllIV

1998: 1IIIllIV

1999- 1II\\\f

Allproper-

ties

35.541.848.956.262.372.782.191.4

101.3113.7130.1144.7156.7172.0190.9207.6228.1251.6278.7306.2333.7356.9381.7411.6442.3474.4525.1598.3673.6734.0793.5880.3

1,012.11,164.61,330.11,464.81,590.21,675.61,869.32,113.12,377.22,661.52,998.93,315.63,586.13,800.83,951.84,066.14,206.14,393.04,604.04,901.65,216.85,728.2

4,953.15,029.55,143.85,216.85,328.05,439.65,574.45,728.2

5,867.36,019.16,181.1

Farmproper-

ties

4.84.95.15.35.66.06.67.27.78.29.09.8

10.411.112.112.813.915.216.818.921.223.125.127.529.430.532.435.439.844.949.955.463.972.886.897.5

107.2111.3113.7112.4105.995.287.783.080.578.979.279.780.783.084.687.190.396.587.688.789.690.391.393.094.496.597.499.7

101.8

Nonfarm properties

Total

30.836.943.950.956.766.675.684.293.6

105.6121.1134.8146.4160.9178.8194.8214.2236.4261.9287.3312.5333.8356.6384.0412.9444.0492.7562.9633.8689.1743.7824.9948.2

1,091.91,243.41,367.31,483.01,564.31,755.62,000.72,271.42,566.32,911.23,232.63,505.7

3,721.93,872.73,986.34,125.44,310.04,519.44,814.45,126.55,631.7

4,865.64,940.85,054.35,126.5

5,236.65,346.65,480.05,631.7

5,769.95,919.56,079.3

1-to 4-familyhouses

18.623.028.233.337.345.151.658.666.275.888.499.2

107.8117.9130.9142.0154.7169.4186.6203.6220.8233.3247.7265.2283.6

298.0326.6367.2408.6441.5482.8547.1643.5754.5871.0968.7

1,047.71,094.11,217.11,358.01,533.41,737.81,969.82,206.02,443.02,646.62,814.52,984.13,146.53,330.03,510.33,721.93,959.64,328.4

3,765.53,819.63,914.13,959.6

4,044.04,122.84,223.44,328.4

4,420.94,533.24,647.9

Multi-familyproper-

ties

5.76.16.67.58.6

10.111.512.312.913.514.314.915.316.818.720.323.025.829.033.637.240.343.947.352.260.170.182.893.1

100.0100.6105.7114.0124.9134.8140.9138.8140.6153.8176.8205.0238.1260.3276.7287.2285.5282.3269.1266.6267.7277.0294.8310.5340.8

296.0300.9304.2310.5316.4323.3330.6340.8

351.6359.3372.5

Com-mercialproper-

ties

6.47.79.1

10.210.811.512.513.414.616.318.420.823.226.229.232.436.541.246.350.154.560.364.971.577.185.896.1

112.9132.0147.6160.3172.1190.7212.4237.5257.7296.5329.6384.7465.9533.0590.5681.1749.9775.4

789.8775.9733.2712.3712.3732.1797.7856.5962.5

804.1820.2835.9856.5

876.2900.5926.0962.5

997.31,027.01,059.0

Nonfarm properties by type of mortgage

Government underwritten

Total1

4.36.39.8

13.617.122.126.629.332.136.242.947.851.655.259.362.365.669.473.477.281.284.188.293.4

100.2109.2120.7131.1135.0140.2147.0154.1161.7176.4199.0225.1238.9248.9279.8294.8328.3370.5431.4459.7486.8517.9537.2533.3513.4559.3584.3623.2659.4677.6

631.0640.7647.1659.4

665.3664.2673.8677.6

686.9700.2718.8

1- to 4-f amity houses

Total

4.36.19.3

12.515.018.822.925.428.132.138.943.947.250.153.856.459.162.265.969.273.176.179.984.490.297.3

105.2113.0116.2121.3127.7133.5141.6153.4172.9195.2207.6217.9248.8265.9288.8328.6387.9414.2440.1470.9493.3489.8469.5514.2537.1574.1608.4627.3581.4590.3596.6608.4

614.2613.3623.3627.3

636.9648.1666.3

FHAinsured

4.13.73.85.36.98.59.7

10.812.012.814.315.516.519.723.826.729.532.335.038.342.044.847.450.654.559.965.768.266.265.166.166.568.071.481.093.6

101.3108.0127.4136.7153.0185.5235.5258.8282.8310.9330.6326.0303.2336.8352.3379.2405.7417.9384.3391.6395.6405.7410.4410.1417.3417.9426.8435.6450.4

VAguar-

anteed

0.22.45.57.28.1

10.313.214.616.119.324.628.430.730.430.029.729.629.930.930.931.131.332.533.835.737.339.544.750.056.261.667.073.682.092.0

101.6106.2109.9121.4129.1135.8143.1152.4155.4157.3160.0162.7163.8166.2177.3184.7194.9202.7209.4

197.0198.7201.0202.7

203.8203.3206.0209.4

210.1212.5215.9

Conventional2

Total

26.530.634.137.339.644.649.055.061.569.478.187.094.8

105.8119.5132.4148.6167.1188.5210.1231.3249.7268.4290.6312.7334.7372.0431.8498.8548.8596.7670.8786.4915.5

1,044.41,142.21,244.11,315.41,475.71,705.81,943.02,195.82,479.72,773.03,018.83,203.93,335.43,453.03,612.03,750.73,935.24,191.24,467.14,954.1

4,234.64,300.14,407.14,467.1

4,571.34,682.44,806.34,954.1

5,083.05,219.35,360.5

1-to 4-familyhouses

14.316.918.920.822.326.228.833.238.143.749.555.360.667.877.185.695.5

107.3120.7134.3147.6157.2167.8180.8193.4200.7221.4254.2292.4320.2355.1413.6501.9601.1698.1773.6840.1876.2968.2

1,092.11,244.61,409.21,581.91,791.92,002.92,175.72,321.22,494.32,677.02,815.82,973.33,147.83,351.13,701.13,184.13,229.33,317.53,351.13,429.83,509.53,600.13,701.1

3,784.03,885.03,981.6

1 Includes FHA insured multifamily properties, not shown separately.2 Derived figures. Total includes commercial properties, and multifamily properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.

394


TABLE B-74.—Mortgage debt outstanding by holder, 1945-99[Billions of dollars]

End of yearor quarter

1945 .19461947194819491950195119521953 . .195419551956195719581959I960196119621963 . . .1964196519661967 . . .19681969197019711972197319741975197619771978 .197919801981 :::.":1982198319841985198619871988198919901991199219931994199519961997 .. . . .!19981997-1 . .

IIIIIIV

1998-1 . .||IllHV

1999: 1||III*

Total

35.541.848.956.262.372.782.191.4

101.3113.7130.1144.7156.7172.0190.9207.6228.1251.6278.7306.2333.7356.9381.7411.6442.3474.4525.1598.3673.6734.0793.5880.3

1,012.11,164.61,330.11,464.81,590.21,675.61869.32,113.12,377.22,661.52,998.9m3,800.83,951.84066.14,206.14,393.04,604.04,901.65,216.85,728.24,953.15,029.55,143.85,216.85,328.05,439.65,574.45,728.25,867.36,019.16,181.1

Major financial institutions

Total

21.026.031.837.842.951.759.567.075.285.899.5

111.4120.0131.7145.6157.7172.7192.7217.4241.3265.0281.2299.3320.4339.8356.7395.2450.9506.4544.1582.9649.3747.0849.8939.9998.6

1,042.81,023.41,110.01,247.81,363.51,476.51,667.61,834.41,935.21,918.81,846.21,770.51,770.11,824.71,900.11,981.92,084.02,194.81,993.42,033.22,064.32,084.02,114.72,122.02,137.42,194.82,202.22,242.52,322.0

Savingsinstitu-tions1

9.611.513.816.118.321.925.529.834.941.148.955.561.268.978.187.098.0

111.1127.2141.9154.9161.8172.3184.3196.4208.3236.2273.7305.0324.2355.8404.6469.4528.0574.6603.1618.5578.1626.7709.7760.5778.0860.5924.6910.3801.6705.4628.0598.4596.2596.8628.3631.8644.0626.4629.1631.4631.8637.1632.4634.3644.0646.5656.5676.3

Commer-cial

banks2

4.87.29.4

10.911.613.714.716.017.018.721.222.923.625.828.228.930.634.739.644.350.054.859.566.271.474.183.4

100.2120.1133.6137.9153.1180.8215.7246.9264.5286.5

38L4431.2504.7594.8676.9770.7849.3881.3990.5947.8

1,012.71,090.21,145.41,245.31,337.21,160.11,196.51,227.11,245.31,271.11,281.91,295.81,337.21,336.71,361.41,418.5

Lifeinsur-ancecom-

panies

6.67.28.7

10.812.916.119.321.323.326.029.433.035.237.139.241.844.246.950.555.260.064.667.570.072.074.475.576.981.486.289.291.696.8

106.2118.4131.1137.7142.0151.0156.7171.8193.8212.4232.9254.2267.9259.5242.0223.9215.8213.1208.2206.8213.6206.9207.7205.8206.8206.5207.7207.4213.6219.1224.6227.2

Other holders

Federaland

relatedagen-cies3

2.42.01.81.82.02.6

3i94.44.75.36.27.78.0

10.211.512.212.611.812.213.517.520.925.131.138.346.454.664.882.2

101.1116.7140.5170.6216.0256.8289.4355.4433.4490.6581.9733.7858.9937.8

1,067.31,258.91,422.51,558.11,682.81,787.71,879.12,006.62,112.02,311.12,029.32,048.82,075.92,112.0

- 2,134.02,196.12,262.92,311.12,400.52,470.82,535.4

Indi-viduals

andothers4

12.113.815.316.617.518.419.320.421.723.225.327.129.132.335.138.443.146.349.552.755.258.261.466.171.479.483.692.8

102.4107.7109.6114.4124.6144.3174.3209.4258.0296.8325.8374.7431.8451.3472.3543.5583.6623.0683.2737.4

182824.8913.1

1,020.81,222.3

930.4947.4

1,003.61,020.81,079.31,121.61,174.11,222.31,264.51,305.81,323.7

1 Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance Corporation-insuredinstitutions include loans in process for 1987 and exclude loans in process beginning 1988.2 Includes loans held by nondeposit trust companies, but not by bank trust departments.

'Includes Government National Mortage Association (GNMA), Federal Ho ' • " ' '_ _ ...,..__„ I Housing Administration, Veterans Administration, Farmers HomeAdministration (FmHA), Federal Deposit insurance Corporation, Resolution Trust Corporation (through 1995), and in earlier years Reconstruc-tion Finance Corporation, Homeowners Loan Corporation, Federal Farm Mortgage Corporation, and Public Housing Administration. Also includesU.S.-sponsored agencies such as Federal National Mortgage Association (FNMA), Federal Land Banks, Federal Home Loan Mortgage Corpora-tion (FHLMC), and mortgage pass-through securities issued or guaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amountssmall or current separate data not readily available) included with "individuals and others."4Includes private mortgage pools.

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

395


TABLE B-75.—Consumer credit outstanding, 1950-99[Amount outstanding (end of month); millions of dollars, seasonally adjusted]

Year and month

December:19501951 . . ..195219531954 .195519561957195819591960 . .19611962i%3 : : : '.""".. .r196419651966196719681969 . . .197019711972197319741975197619771978197919801981 . .198219831984 .19851986198719883

1989199019911992 . . . .199319941995199619971998

1998:JanFebMarAprMay ' 'JuneJulyAug ..::..:—.:::..::—SeptOcLZZZZZZZZZZZZiZ™^NovDec

1999-. JanFebMarAprMayjune.::::.:::":z..z:::::..:::::.:::i:::z::::::::::iJulyAug .zzz::zziizz:rzzrzzz:TT"": r.Septo<Lzi:.::i:z::z::zzr.zz'Z': ™ : :Nov

Totalconsumercredit1

23 229 224'628.029,685.633 696 935)028.341,869.045 448 248)078.348 394 356'010.760 025.362,248.568 126 776,581.485,959.695 954 7

101)788 2106 842 61173795127)114.3131,492.0146 937 8166,201.8190,063.1198 909 5204,014.7225 828 5259,327.5304,705.4346 858 2349,444.9366,658.6383,595.5432 587 5511)721.4593,244.2646 758 3676,383 9718,797.1778 772 3789 322 9777)402.3782 483 1839,165.1960,748.9

1 096 007 01)182)438.61,234,122 21 300 490 81,235,357.81 240 122 61,248,538.81,251,343.21 254 395 9l'263'753.71 268 908 01)275,460.41 283 336 31)292)807 31 298 276 5l'300'490 81 315 828 61325481.91 332 798 21)332)661 81 343 426 51)347)831.01 356 404 41)363)18441 366 575 2l)37l'81841.387.432.3

Revolving

202203,563.04,901.98 253.09,392.0

11,319.013,233.014,508.016 596 036,689.045,202.053,357.055,111.261,069.566,453.879 088 3

100,355.2124,742.1141 186 2160,884.1184,567.6211,175.0238 589 8263,735.32784163309,958.3365,618.1443 195 7499,531.6531,294.5560 652 9532,349.5534 761 6539,529.8541,425.05412181545)2434544 424 0548,647.9551 927 9557)185.4556 912 4560 652 9564 979 7566,745.95671160569,860.4571 957 0578)529.9583 308 5584)523.0584 512 0584'287 1588.706.7

Nonrevolving2

23 229 224)628.029,685.633 696 935,028.341,869.045 448 248)078.348 394 356'010.760 025.362,248.568 126.776,581.485,959.695 954 7

101)788.2106 842 6115'357.5123)551.3126,590.1138 684.8156,809.9178,744.1185 676.6189,506.7209 232 5222,638.5259,503.4293 501 2294,333.8305,589.1317,141.6353 499 2411)366.2468,502.1505 572 0515)499.8534,229.5567,597.3550 733 1513,667.0504 066 8529,206.859513086528113682)907.0702 827 7739 838 0703,008.3705 360 9709)009.0709 918 27131778718*51047244840726'812 5731 408 5735'621 9741 364 1739 8380750 848 9758)736.0765 682 2762*801 4771 469 5769*301 1773 095 9778*6614782 063 2787*5314798)725.6

1 Covers most short- and intermediate-term credit extended to individuals. Credit secured by real estate is excluded.2 Includes automobile loans and all other loans not included in revolving credit, such as loans for education, boats, trailers, or vacations.These loans may be secured or unsecured.3 Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.


396


GOVERNMENT FINANCE

TABLE B-76.—Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1939-2001

[Billions of dollars; fiscal years]

Fiscal year or period

1939194019411942194319441945194619471948194919501951 riTTT"

1953195419551956 77'".195719581959I9601961196219631964196519661967196819691970197119721973197419751976Transition quarter .197719781979 ...'. .'19801981

1983198419851986198719881989199019911992 .199319941995 .1996 ' ..' ..." ..'".19971998 . .19992000 2

2001 2

Total

Re-ceipts

6.36.58.7

14.624.043.745.239.338.541.639.439.451.666.269.669.765.574.680.079.679.292.594.499.7

106.6112.6116.8130.8148.8153.0186.9192.8187.1207.3230.8263.2279.1298.181.2

355.6399.6463.3517.1599.3617.8600.6666.5734.1769.2854.4909.3991.2

1,032.01,055.01,091.31,154.41,258.61,351.81,453.11,579.31,721.81,827.51,956.32.019.0

Outlays

9.19.5

13.735.178.691.392.755.234.529.838.842.645.567.776.170.968.470.676.682.492.192.297.7

106.8111.3118.5118.2134.5157.5178.1183.6195.6210.2230.7245.7269.4332.3371.896.0

409.2458.7504.0590.9678.2745.8808.4851.9946.4990.5

1,004.11,064.51,143.71,253.21,324.41,381.71,409.51,461.91,515.81,560.61,601.31,652.61,703.01,789.61.835.0

Surplusor

deficit(-)

-2.8-2.9-4.9

-20.5-54.6-47.6-47.6-15.9

4.011.8

.6-3.1

6.1-1.5-6.5-1.2-3.0

3.93.4

-2.8-12.8

-3^3-7.1-4.8-5.9-1.4-3.7-8.6

-25.23.2

-2.8-23.0-23.4-14.9-6.1

-53.2-73.7-14.7-53.7-59.2-40.7-73.8-79.0

-128.0-207.8-185.4-212.3-221.2-149.8-155.2-152.5-221.2-269.4-290.4-255.1-203.3-164.0-107.5-22.0

69.2124.4166.7184.0

On-budget

Re-ceipts

5.86.08.0

13.722.942.543.838.137.139.937.737.348.562.665.565.160.468.273.271.671.081.982.387.492.496.2

100.1111.7124.4128.1157.9159.3151.3167.4184.7209.3216.6231.763.2

278.7314.2365.3403.9469.1474.3453.2500.4547.9569.0641.0667.8727.5750.3761.2788.9842.5923.6

1,000.81,085.61,187.3

1,479.51.519.1

Outlays

9.29.5

13.635.178.591.292.655.034.229.438.442.044.266.073.867.964.565.770.674.983.181.386.093.396.4

102.8101.7114.8137.0155.8158.4168.0177.3193.8200.1217.3271.9302.2

76.6328.5369.1404.1476.6543.1594.4661.3686.1769.6807.0810.3861.8932.8

1,028.11,082.71,129.31,142.91,182.51,227.21,259.71,290.71,336.01,382.31,460.61.494.8

Surplusor

deficit(-)

-3.4-3.5-5.6

-21.3-55.6-48.7-48.7-17.0

2.9,0,

-4.74.3

-3.4-8.3-2.8.̂12.52.6

-3.3-12.1

-3*-5.9-4.0-6.5-1.6-3.1

-12.6-27.7

-8.7-26.1-26.4-15.4-8.0

-55.3-70.5-13.3-49.8-54.9-38.7-72.7-74.0

-120.1-208.0-185.7-221.7-238.0-169.3-194.0-205.2-277.8-321.6-340.5-300.5-258.9-226.4-174.1-103.4-30.0

18.924.4

Off-budget

Re-ceipts

0.5.6

.91.11.31.31.21.51.61.72.13.13.64.14.65.16.46.88.08.3

10.612.112.314.216.416.719.124.424.929.033.535.839.946.153.962.566.418.0

t840

113.2130.2143.5147.3166.1186.2200.2213.4241.5263.7281.7293.9302.4311.9335.0351.1367.5392.0415.8444.5476.8499.9

Outlays

-0.0-.0

.0

.1

!l.1

'.3

A

L31.72.32.94.05.06.07.59.0

10.911.713.515.015.716.519.720.422.325.227.632.836.945.652.160.469.619.480.789.7

100.0114.3135.2151.4147.1165.8176.8183.5193.8202.7210.9225.1241.7252.3266.6279.4288.7300.9310.6316.6320.8328.9340.3

Surplusor

deficit(-)

0.5.6

.81.01.21.21.01.21.21.31.61.81.91.81.71.11.5.8

-.2

-u-.8

.6

-.B4.02.63.75.93.03.1

L82.0

-3.2

:JiU-1.1

3.2.3

9.416.719.638.852.856.652.250.145.355.762.466.681.499.2

123.7147.8159.6

Federal debt (endof period)

GrossFederal

48.250.757.579.2

142.6204.1260.1271.0257.1252.0252.6256.9255.3259.1266.0270.8274.4272.7272.3279.7287.5290.5292.6302.9310.3316.1322.3328.5340.4368.7365.8380.9408.2435.9466.3483.9541.9629.0643.6706.4776.6829.5909.1994.8

1,137.31,371.71,564.71,817.52,120.62,346.12,601.32,868.03,206.63,598.54,002.14,351.44,643.74,921.05,181.95,369.75,478.75,606.15,686.35.769.0

Held bythe

public

41.442.848.267.8

127.8184.8235.2241.9224.3216.3214.3219.0214.3214.8218.4224.5226.6222.2219.3226.3234.7236.8238.4248.0254.0256.8260.8

289'.5278.1283.2303.0322.4340.9343.7394.7477.4495.5549.1607.1640.3711.9789.4924.6

1,137.31,307.01507.41,740.81,889.92,051.82,191.02,411.82,689.33000.13,248.83,433.43,604.83,734.53,772.83,721.63,632.93,475.93.305.0

Adden-dum:Gross

domes-tic

prod-uct1

88.996.5

113.9144.2180.0209.0221.4222.9234.9256.6271.7273.6321.3348.9373.1378.0395.3427.6450.5460.6491.8519.8530.9568.6600.2642.3688.2757.2811.7870.0949.4

1,013.71,081.71,178.51,313.61,441.71,559.21,735.9

459.21,974.62,219.52,504.92,731.83,060.33,231.13,441.73,846.54,141.64,398.34,653.95,016.65,406.65,738.45,927.96,221.76,560.96,948.87,322.67,700.18,182.88,636.39,115.49,571.9

10.041.31 Revised GDP data for years prior to 1960 are not yet available from the Bureau of Economic Analysis. GDP (and related percentages) for

years prior to 1960 estimated by Office of Management and Budget.2 Estimates.Note—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year

is on an October 1-September 30 basis. The 3-month period from July 1,1976 through September 30,1976 is a separate fiscal period knownas the transition quarter.

Refunds of receipts are excluded from receipts and outlays.See Budget of the United States Government, Fiscal Year 2001, February 2000, for additional information.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and Budget.

397


TABLE B-77.—Federal budget receipts, outlays, surplus or deficit, and debt, as percent of gross domesticproduct, fiscal years 1934-2001

[Percent; fiscal years]

Fiscal year or period

19341935193619371938 .. .1939194019411942194319441945194619471948194919501951195219531954195519561957195819591960 . .. .1961196219631964 .196519661967 .196819691970197119721973197419751976Transition quarter197719781979 .. .198019811982198319841985198619871988 ..198919901991199219931994199519961997199819992000 J

2001 »

Receipts

4.85.25.06.17.67.16.87.6

10.113.320.920.417.616.416.214.514.416.119.018.718.416.617.417.817.316.117.817.817.517.817.517.017.318.317.619.719.017.317.617.618.317.917.217.718.018.018.518.919.619.117.417.317.717.518.418.118.318.017.817.517.618.118.518.919.319.920.020.420.1

Outlays

Total

10.79.2

10.58.67.7

10.39.8

12.024.443.643.741.924.814.711.614.315.614.219.420.418.717.316.517.017.918.717.718.418.818.518.517.217.819.420.519.319.319.419.618.718.721.321.420.920.720.720.121.622.223.123.522.122.922.521.621.221.221.822.322.221.521.020.720.319.619.118.718.718.3

Nationaldefense

1.75.6

17.837.137.937.519.1

3.54.85.07.3

13.214.213.010.89.9

10.110.210.09.39.39.28.98.57.47.78.89.48.78.17.36.75.85.55.55.24.84.94.74.64.95.15.76.15.96.16.26.15.85.65.24.64.84.44.13.73.53.33.13.03.02.9

Surplus or def-icit (-)

-5.9-4.0-5.5-2.5

-12-3.0-4.3

-14.2-30.3-22.8-21.5-7.1

1.74.6

.2-1.1

1.9-.4

-1.7-.3

.8-.6

-2.6

-16-1.3-.8-.9

"5-1.1-2.9

.3

-2.1-2.0-1.1

-34-4.2-3.2-2.7-2.7-1.6-2.7-2.6-4.0-6.0-4.8-5.1-5.0-3.2-3.1-2.8-3.9-4.5-4.7-3.9-2.9-2.2-1.4

~!81.41.71.8

Federal debt (end of period)

GrossFederal

54.252.550.554.979.297.6

117.5121.6109.598.293.093.979.574.371.371.669.463.860.460.758.555.955.153.351.749.246.843.441.942.438.537.637.737.035.533.634.836.235.035.835.033.133.332.535.239.940.743.948.250.451.953.055.960.764.366.366.867.267.365.663.461.559.457.5

Held bypublic

46.644.342.347.071.088.4

106.2108.595.584.378.980.166.761.6

iliSi48.749.147.745.644.943.642.340.037.934.832.833.329.327.928.027.426.023.825.327.527.027.827.425.626.125.828.633.034.0

40i640.940.542.045.448.249.549.449.248.546.143.139.936.332.9

i Estimates.Note.—See footnote 1 and Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.

398


TABLE B—78.—Federal receipts and outlays, by major category, and surplus or deficit, fiscal years1940-2001

[Billions of dollars; fiscal years]

Fiscal yearor

period

19401941194219431944 .'.....' .19451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976Transition

quarter197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000 l

2001 » . :.:..:

Receipts (on-budget and off-budget)

Total

658.7

14.624043.745.239.338.541.639.439.451.666269.669.765.574.680.079.679292.594499.7

106.6112.6116.8130.8148.8153.0186.9192.8187.1207.3230.8263.2279.1298.1

81.2355.6399.6463.3517.1599.3617.8600.6666.5734.1769.2854.4909.3991.2

1,032.01,055.01,091.31,154.41,258.61,351.81,453.11,579.31,721.81,827.51,956.32,019.0

Inriiindi-vidual

in-cometaxes

091.33.365

19.718.416117.919.315.611821.627929879S28.732.235.634.7

40.741345.647.648.748.855.461.568.787.290.486.294.7

103.2119.0122.4131.6

38.8157.6181.0217.8244.1285.9297.7288.9298.4334.5349.0392.6401.2445.7466.9467.8476.0509.7543.1590.2656.4737.5828.6879.5951.6972.4

Coroo-rationincometaxes

1.2

4J96

14816.01198.69.7

11.210.414.121221221.117.920.921.220.117321.521020.521.623.525.530.134.028.736.732.826.832.236.238.640.641.4

8.554.960.065.764.661.149.237.056.961.363.183.994.5

103.393.598.1

100.3117.5140.4157.0171.8182.3188.7184.7192.4194.8

Socialinsur-

andretire-mentre-

ceipts

181.92.5303'53.5313.43.83.8435.764687.27.99.3

10.011.211714.716417.019.822.022.225.532.633.939.044.447.352.663.175.184.590.8

25.2106.5121.0138.9157.8182.7201.5209.0239.4265.2283.9303.3334.3359.4380.0396.0413.7428.3461.5484.5509.4539.4571.8611.8650.0682.1

Other

2.7

4i2495.77.38?8.58.88.989

10.210611711911.012.213.213.6ns15.615716.517.618.520.319.820.721.723.925.226.827.828.330.631.534.3

8.836.637.740.850.669.569.365.671.873.173.274.679.382.891.593.1

101.498.9

113.7120.1115.4120.2132.7151.5162.3169.8

Outlays (on-budget and off-budget)

Total

9513.735.17869L392.755234.529.838.842.645.567776170.968.470.676.682.492192.2977

106.8111.3118.5118.2134.5157.5178.1183.6195.6210.2230.7245.7269.4332.3371.8

96.0409.2458.7504.0590.9678.2745.8808.4851.9946.4990.5

1,004.11,064.51,143.71,253.21,324.41,381.71,409.51,461.91,515.81,560.61,601.31,652.6U03.01,789.61,835.0

Nationaldefense

Total

1764

25.766.7

8104? 712.89.1

13.213723.646152849342.742.545.446.849048.149652.353.454.850.658.171.481.982.581.778.979.276.779.386.589.6

22.397.2

104.5116.3134.0157.5185.3209.9227.4252.7273.4282.0290.4303.6299.3273.3298.4291.1281.6272.1265.8270.5268.5274.9290.6291.2

Depart-ment ofDefense,military

50.151.152.648.856.670.180.480.880.177.577.675.077.984.987.9

21.895.1

102.3113.6130.9153.9180.7204.4220.9245.2265.5274.0281.9294.9289.8262.4286.9278.6268.6259.4253.2258.3256.1261.4277.5277.5

Inter-

tion-alaf-

fairs

01.1

1.0131.41.91.95.84.66.14.73.62 7211.62.22.43.13.43.13.0325.65.34.95.35.65.65.34.64.34.24.84.15.77.16.4

2.56.47.57.5

12.713.112.311.815.916.214.211.610.59.6

13.815.916.117.217.116.413.515.213.115.217.119.6

Health

01.111

.22.2.2.232q

3

4

5

.89

1.21.51.81.82.53.44.45.25.96.88.79.4

10.712.915.7

3.917.318.520.523.226.927.4

30431535.940.044.548.457.771.289.5994

107.1115.4119.4123.81314141.1154.2166.7

Medi-care

in2.74.65.76.26.67.58.19.6

12.915.8

4.319.322.826.532.139.146.652.657.565.870.275.178.985.098.1

104.5119.0130.6144.7159.9174.2190.0192.81904202.5220.5

In-comesecu-rity

151.91.8171.51.1242.82.53.24.13.4373.84.45.14.75.47.58.27.4979.29.39.79.59.7

10.311.813.115.722.927.728.333.750.260.8

15.061.161.566486.699.7

107.7122.6112.7128.2119.8123.31294136.1147.1170.3197.0207.3214.1220.5226.0230.9233.2237.7251.3259.7

Socialsecu-rity

0.0

ll.2

'.34.5.6.7.8

1.6212.734445.56.78.29.7

11.612.514.415.816.617.520.721.723.927.330.335.940.249.155.964.773.9

19.885.193.9

104.1118.5139.6156.0170.7178.2188.6198.8207.4219.3232.5248.6269.0287.6304.6319.6335.8349.7365.3379.2390.0406.6425.7

Netinter-est

09.9

1.1152.'23.1414.24.34.54.84.74 7524.84.95.1545.65.86.9676.97.78.28.694

10.311.112.714.414.815.517.321.423.226.7

6.929.935.542.652.568.885.089.8

111.1129.5136.0138.7151.8169.0184.4194.51994198.7203.0232.2241.1244.0241.2229.7220.3208.3

Other

5.3

54706.'63.1368.28.5

11.114.284819.17.18.9

10.110.110.315.514415.217.218.322.625.028.532.135.132.637.240.047.352.852.974.882.7

21493.0

114.7120.2131.3133.51254122.2118.6131.8142.2126.1139.7159.5204.2225.8174.7160.6174.7163.6171.0161.5193.2223.9246.9243.2

Surplusor

Hofiritdeficit

(on-budget

andoff-

budget)

-29-4.9

-20.5-546-47.6-47.6-15.9

4.011.8

.6-3.1

6.1-15-6.5-1.2-3.0

3.93.4

-2.8-12.8

.3-3.3-7.1-4.8-5.9-14-3.7-8.6

-25.23.2

-2.8-23.0-23.4-14.9-6.1

-53.2-73.7

-14.7-53.7-59.2-40.7-73.8-79.0

-128.0-207.8-1854-212.3-221.2-149.8-155.2-152.5-221.2-269.4-2904-255.1-203.3-164.0-107.5-22.0

69.2124.4166.7184.0

1 Estimates.Note.-See Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.

399


TABLE B-79.—Federal receipts, outlays, deficit, and debt, focal yean 1995-2001[Millions of dollars; fiscal years]

Description

RECEIPTS AND OUTLAYS:Total receiptsTotal outlays

Total surplus or deficit (-)On-budget receiptsOn-budget outlays

On-budget surplus or deficit ( - ) . . . .Off-budget receipts . . .Off-budget outlays

Off-budget surplus or deficit (-)OUTSTANDING DEBT, END OF PERIOD:Gross Federal debt

Held by Government accountsHeld by the public

Federal Reserve System

RECEIPTS: ON-BUDGET AND OFF-BUDGETIndividual income taxesCorporation income taxesSocial insurance and retirement receipts

On-budgetOff-budget

Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts:

Deposits of earnings by FederalReserve System

Allother1

OUTLAYS: ON-BUDGET AND OFF-BUDGETNational defenseInternational affairsGeneral science, space and technologyEnergyNatural resources and environment ...AgricultureCommerce and housing credit

On-budgetOff-budget

TransportationCommunity and regional developmentEducation, training, employment, and

social services .HealthMedicareIncome securitySocial security

On-budgetOff-budget

Veterans benefits and servicesAdministration of justiceGeneral governmentNet interest

On-budgetOff-budget

AllowancesUndistributed offsetting receipts

On-budget . .Off-budget

Actual1995

1,351,8301,515,837-164,0071,000,7511,227,173-226,422

351,079288,66462,415

4,921,0051,316,2083,604,797

374,1143,230,6831,351,830

590,244157,004484,473133,394351,079

57,48414,76319,301

23,3785,183

1,515,837272,066

16,43416,7244,936

21,9159,778

-17,808-15,839-1,96939,35010,74954,263

115,418159,855220,493335,846

5,476330,37037,89016,21613,998

232,169265,474-33,305

-44,455-38,023-6,432

1996

1,453,0621,560,572-107,5101,085,5701,259,668-174,098

367,492300,90466,588

5,181,9211,447,3923,734,529

390,9243,343,6051,453,062

656,417171,824509,414141,922367,49254,01417,18918,670

20,4775,057

1,560,572265,753

13,49616,7092,839

21,5249,159

-10,472-10,292

-18039,56510,74552,001

119,378174,225225,967349,676

5,807343,86936,98517,54812,004

241,090277,597-36,507

-37,620-31,342-6,278

1997

1,579,2921,601,282-21,990

1,187,3021,290,656-103,354

391,990310,62681,364

5,369,6941,596,8623,772,832

424,5073,348,3241,579,292

737,466182,293539,371147,381391,990

56,92419,84517,928

19,6365,829

1,601,282270,505

15,22817,1741,475

21,2279,032

-14,624-14,575

-4940,76711,05553,008

123,843190,016230,899365,257

6,885358,37239,31320,17312,891

244,016285,230-41,214

-49,973-43,490-6,483

1998

1,721,7981,652,611

69,1871,305,9991,336,007-30,008415,799316,60499,195

5,478,7111,757,0903,721,621

458,1313,263,4901,721,798

828,586188,677571,831156,032415,799

57,67324,07618,297

24,5408,118

1,652,611268,456

13,10918,219

1,27022,30012,2061,014

797217

40,3359,776

54,954131,442192,822233,202379,225

9,156370,06941,78122,83215,709

241,153287,783^6,630

-47,194-40,142-7,052

1999

1,827,4541,703,040

124,4141,382,9861,382,262

724444,468320,778123,690

5,606,0871,973,1603,632,927

488,8653,144,0621,827,454

879,480184,680611,833167,365444,468

70,41427,78218,336

25,9179,012

1,703,040274,87315,24318,125

91223,96823,0112,6471,6261,021

42,53111,87056,402

141,079190,447237,707390,041

10,828379,21343,21225,92415,758

229,735281,806-52,071

-40,445-33,060-7,385

Estimates2000

1,956,2521,789,562

166,6901,479,4891,460:633

18,856476,763328,929147,834

5,686,3382,210,4783,475,860

1,956,252951,586192,395650,021173,258476,763

68,38430,48620,875

32,45210,053

1,789,562290,636

1707818,853-1,64024,47931,9885,5984,1001,498

46,70911,11563,397

154,227202,513251,286406,625

11,678394,94746,79626,77115,035

220,314279,970-59,656

843-43,061-35,201-7,860

2001

2,019,0311,835,033

183,9981,519,1361,494,777

24,359499,895340,256159,639

5,768,9572,463,9773,304,980

2,019,031972,410194,770682,080182,185499,895

76,67632,30420,871

29,52010,400

1,835,033291,202

19,60719,63824-$22,4142,9452,498

44749,53210,17767,544

166,686220,515259,724425,738

9,850415,88846,44931,40815,429

208,312276,450-68,138

-993-45,616-37,675-7,941

1 Beginning 1984, includes universal service fund receipts.Note.-See Note, Table B-76.Sources: Department of the Treasury and Office of Management and Budget.

400


TABLE B—80.—Federal and State and local government current receipts and expenditures, nationalincome and product accounts (NIPA), 1959-99


Year orquarter

1959I9601961196219631964196519661967i%8 :;;;: :.:...:::..::::19691970197119721973197419751976 ~1977 .'.' "197819791980

1982

1984 ~~'"J198519861987 " '.". '.1988198919901991199219931994199519961007

19981999*1994-1

IIIIIIV . ..

1995:1IIHIIV

1996-1III I IIV

1997:1||HiIV

1998:|||IllIV

1999:1||HiIV*

Total government

Currentreceipts

122.1131.2135.8147.0157.9162.1175.4197.8212.1245.3276.3279.6295.9338.1380.3419.6430.5492.6552.8626.0702.7767.1877.6890.3944.5

1,047.81,135.81,206.71,322.51,410.91,530.91,607.71,656.61,744.41,857.91,993.02,117.12,269.12,440.52,611.8

1,924.41,993.42,008.12,046.02,069.82,113.72,129.82,155.02,201.92,263.82,276.52,334.22,372.32,414.12,468.62,507.12,544.82,586.82,635.32,680.22,716.62,754.42,800.5

Currentexpendi-

tures

115.1119.9129.1139.4147.0154.9165.7187.3213.4239.2258.7286.9316.3345.0375.8424.2497.4538.3584.8634.3701.1812.0923.7

1,025.11,113.51,192.11,290.71,378.11,458.21,532.71,641.61,778.01,879.72,046.92,130.52,196.72293.72,384.52,461.82,523.12,619.72,161.32,177.12,210.92,237.62,262.22,288.02,309.82,314.92,361.42,373.62,384.32,418.72,433.82,453.62,465.62,494.22,488.02,512.42,525.92,566.32,570.32,598.72,617.82,692.0

Currentsurplus or

deficit

<W7.0

11.36.87.6

10.97.29.7

10,5-1.4

6.217.6-7.3

-20.4-6.9

4.5-4.6

-66.9-45.7-32.0-8.2

1.7-44.9-46.2

-134.8-169.1-144.2-154.9-171.4-135.7-121.8-110.7-170.3-223.1-302.5-272.7-203.7-176.7-115.4-21.3

88.7

-236.9-183.6-202.8-191.5-192.3-174.4-180.0-159.9-159.4-109.8-107.8-84.5-61.5-39.5

iH56.974.4

109.5113.9146.3155.7182.7

Federal Government

Currentreceipts

87.092.894.4

102.3110.2110.2119.3136.3144.9168.5190.1184.3189.8217.5248.5277.3276.1318.9359.9417.3478.3522.8605.6

688il747.4786.4870.5928.9

1,010.31,055.71,072.31,121.31,197.31,293.71383.71,499.11,627.21,750.7

1,243.71,297.61,303.51,329.91,348.21,385.71,391.71,409.21,446.91,495.61,503.41,550.51,573.81,609.01,648.01,677.81,704.81,734.41,770.31,793.31,826.51,853.11,883.1

Currentexpendi-

tures

83.885.892.0

100.0105.0109.3116.1133.6153.2169.8180.5198.6216.6240.0259.7291.2345.4371.9405.0444.2489.6576.6659.3732.1797.8856.1924.6978.5

1,018.41,066.21,140.31,228.71,287.61,418.91,471.51,506.01,575.71,635.91,676.01,703.81,754.91,481.21,488.21,515.51,539.31,556.41,574.61,589.31,582.41,623.41,632.61,633.51,654.21,661.21,672.21,675.91,694.61,680.01,690.91,710.71,733.51,728.91,735.01,749.31,806.3

Currentsurplus or

deficit(-)

(NIPA)

3.27.12.52.45.2

si2.7

-8.3-1.3

9.6-14.4-26.8-22.5-11.2-13.9

33-45.2-26.9-11.4-53.8-53.7

-17&9

-177il-192.1-147.9-137.4-130.0-173.0-215.3-297.5-274.1

3B-136.8-48.8

46.9

-237.5-190.5-212.0-209.4-208.3-188.9-197.6-173.2-176.5-137.0-130.1-103.7-87.4-63.2-27.9-16.8

24.943.559.659.797.6

118.1133.8

State and local government

Currentreceipts

38.942.445.949.753.4

8*71.578.989.5

100.7114.6129.3152.3166.6178.5199.6224.5249.5274.3290.8316.6344.4360.3392.1436.4469.2507.9536.0573.7618.9663.4716.0777.2823.2873.8917.9960.4

1,009.01,070.4

852.0867.0879.8896.6906.8914.3923.4927.0940.4962.2966.1972.9991.3997.4

1,016.51,031.11,042.11,053.21,085.31,101.11,110.01,117.01,148.0

Currentexpendi-

tures

35.138.141.644.547.752.056.863.871.982.192.8

107.5122.9136.7150.9169.2197.2217.2236.4255.6277.8307.8336.9362.5387.3412.6447.0487.2523.8558.1599.6660.8723.8777.2821.7865.2902.5939.0981.5

1,028.71,089.0

851.4860.1870.6878.7890.8899.7905.8913.8923.4935.0943.8953.6965.5973.7985.6

1,001.31,010.11,022.31,035.41,046.91,061.21,079.41,099.11,116.4

Currentsurplus or

deficit(-)

(NIPA)

3.84.34.35.25.76.46.57.77.07.58.07.16.4

15.615.79.32.47.3

13.118.713.08.87.5

-2.34.8

23.822.320.812.215.619.32.6

-7.8-4.9

1.58.6

15.321.427.541.7

.6

817.815.914.617.513.317.027.222.319.325.923.730.929.732.030.949.954.248.737.648.9

Adden-dum:

Grants-in-aid

toStateandlocal

govern-ments

3.8

35.05.66.57.2

10.111.712.714.619.323.231.734.836.345.150.756.665.566.372.372.569.571.676.780.987.683.991.698.3

111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3185.5194.0193.0189.2192.8192.2195.9201.7202.1200.8220.2214.2219.9215.7230.6230.7

Note.—federal grants-in-aid to State and local governments are reflected in Federal current expenditures and State and local current re-ceipts. Total government current receipts and expenditures have been adjusted to eliminate this duplication.



TABLE B-81.—Federal and State and local government current receipts and expenditures, nationalincome and product accounts (NIPA), by major type, 1959—99


Year orquarter

1959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986 !1987198819891990199119921993199419951996199719981999/>1994:1

IIIllIV

1995:1IIIllIV

1996:1IIIllIV

1997:1IIillIV

1998:1IIIllIV

1999-1IIIllIV* ....

Current receipts

Total

122.1131.2135.8147.0157.9162.1175.4197.8212.1245.3276.3279.6295.9338.1380.3419.6430.5492.6552.8626.0702.7767.1877.6890.3944.5

1,047.81,135.81,206.71,322.51,410.91,530.91,607.71,656.61,744.41,857.91,993.02,117.12,269.12,440.52,611.8

1,924.41,993.42,008.12,046.02,069.82,113.72,129.82,155.02,201.92,263.82,276.52,334.22,372.32,414.12,468.62,507.12,544.82,586.82,635.32,680.22,716.62,754.42,800.5

Per-sonal

tax andnontax

re-ceipts

42.846.647.952.355.352.858.467.374.288.3

105.9104.6103.4125.6134.5153.3150.3175.5201.2233.5273.3304.2351.5361.6360.9387.2428.5449.9503.0519.7583.5609.6610.5635.8674.6722.6778.3869.7968.3

1,072.61,152.0

695.4732.2724.3738.5751.8780.5781.6799.5830.7872.5877.3898.1934.2954.4978.6

1,006.01,031.21,058.01,088.31,113.01,124.81,139.41,160.41,183.2

Corpo-rate

profitstaxac-

cruals

23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5

106.5127.1137.2141.5140.6133.6143.1165.4186.7211.0223.6238.3240.2

165.4182.8194.4204.1203.1208.8218.7213.3219.7225.3224.0225.6228.9233.2246.8244.1239.9241.1244.3235.6248.0254.4259.4

In-directbusi-nesstaxandnon-taxac-

cruals

41.945.548.151.754.758.862.765.470.479.086.694.3

103.6111.4121.0129.3140.0151.6165.5177.8188.7212.0249.3256.7280.3309.1329.4346.8369.3392.6420.7447.3482.3510.6540.1575.3594.6620.0645.8677.0715.6565.3572.2578.7584.9589.3594.1593.6601.3606.8613.2615.7644.3632.5643.0652.0655.4663.5670.1676.6697.8696.6706.7718.3740.6

Contri-butions

forsocialinsur-ance

13.816.417.019.121.722.423.431.334.938.744.146.451.259.275.585.289.3

101.3113.1131.3152.7166.2195.7208.9226.0257.5281.4303.4323.1361.5385.2410.1430.2455.0477.8508.4533.2555.8588.2621.9658.1498.2506.2510.9518.5525.6530.4

8H544.7552.9559.5566.1576.6583.4591.2601.5610.3617.6626.1633.8647.2653.8662.3669.0

Current expenditures

TotaM

115.1119.9129.1139.4147.0154.9165.7187.3213.4239.2258.7286.9316.3345.0375.8424.2497.4538.3584.8634.3701.1812.0923.7

1,025.11,113.51,192.11,290.71,378.11,458.21,532.71,641.61,778.01,879.72,046.92,130.52,196.72,293.72,384.52,461.82,523.12,619.72,161.32,177.12,210.92,237.62,262.22,288.02,309.82,314.92,361.42,373.62,384.32,418.72,433.82,453.62,465.62,494.22,488.02,512.42,525.92,566.32,570.32,598.72,617.82,692.0

Con-sump-tion

expend-itures

83.285.590.298.9

104.9110.5118.2134.0151.6168.1180.2192.4207.0223.7238.5264.9296.5318.1347.8378.5415.0469.4524.5572.1613.1661.5719.5769.1813.6850.7902.6965.7

1,015.21,047.41,072.11,102.31,133.91,171.81,222.91,261.01,332.31,087.61,093.81,114.81,112.91,124.21,133.81,141.91,135.61,154.31,170.01,173.51,189.51,203.81,220.71,228.6i;238.51,236.61,260.11,265.21,282.11,299.41,313.71,341.51,374.5

Trans-fer

pay-ments

24.726.330.230.932.433.436.039.747.554.960.673.587.597.0

110.5131.5166.4180.4192.0206.1230.2275.0311.8348.5376.4387.4414.2440.4458.0486.5529.6583.1620.1745.4793.2825.4869.9916.0944.5965.2999.1811.2816.9826.1847.5855.9865.5874.5883.8909.4908.6914.5931.3935.8940.0944.1958.1955.8957.6966.7980.7985.3993.3

1,000.11,017.9

Net interest paid

Total

7.17.97.58.28.99.6

10.010.711.513.114.516.217.018.421.223.126.933.135.539.344.853.271.686.699.4

120.7136.5145.1156.7168.3187.0204.3223.1232.0235.8244.0268.0274.4275.7276.4262.2235.0241.4246.6253.1260.5266.9271.2273.3274.7272.5274.7275.9273.8274.7276.4278.0277.9277.9277.4272.5265.0264.1259.2260.5

Inter-estpaid

10.410.211.112.012.913.715.116.418.820.723.424.526.331.335.640.046.350.860.272.989.1

116.7138.9156.9187.3211.5226.1236.5253.7276.9297.8314.6316.3316.0326.9357.5366.6369.2368.4356.8315.2322.8330.1339.5349.4357.1360.6362.7365.0363.9367.8369.7367.9369.3369.9369.7369.1370.1368.8365.6358.1358.6354.3356.3

Less:Inter-estre-

ceivedby

govern-ment 2

2.52.62.93.13.33.74.44.95.76.27.17.57.9

10.012.513.113.215.320.928.235.945.152.457.566.675.081.179.885.490.093.691.584.380.282.989.592.293.592.094.680.281.583.586.488.990.189.489.490.391.493.293.894.194.693.691.791.292.291.493.293.194.595.195.8

Less:Divi-

dendsre-

ceivedby

govern-ment2

•»•—

0.0.0.0.0.0.0.0.0.0.0.1.1.1'.2

'.2

'.2.2

.2

.2

.2

'.2.3.3

'.3

'.2

.2

.2

'.3

'.3.3

'.3

'.3.3.3.3.3

'.3.3

Subsi-dieslesscur-rentsur-

plus ofgovern-

mententer-prises

0.1.2

1.21.4.9

1.41.73.02.93.03.54.84.96.15.64.27.76.99.7

10.611.014.516.118.124.322.920.423.630.127.422.625.321.522.429.625.222.222.619.020.826.427.625.123.624.321.822.022.522.523.322.922.022.220.918.516.819.918.017.116.931.421.027.917.339.4

Currentsurplus

ordeficit

(NIPA)

7.011.36.87.6

10.97.29.7

10.5-1.4

6.217.6-7.3

-20.4-6.9

4.5-4.6

-66.9-45.7-32.0-8.2

1.7-44.9-46.2

-134.8-169.1-144.2-154.9-171.4-135.7

121.8-110.7-170.3-223.1-302.5-272.7-203.7-176.7-115.4-21.3

88.7

-236.9-183.6-202.8-191.1-192.3-174.4-180.0-159.9-159.4-109.8-107.8-84.5-61.5-39.5

3.013.056.974.4

109.5113.9146.3155.7182.7

Adden-dum:

Grants-in-aid

toStateandlocal

govern-ments

3.84.04.55.05.66.57.2

10.111.712.714.619.323.231.734.836.345.150.756.665.566.372.372.569.571.676.7

!?i83.991.698.3

111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3185.5194.0193.0189.2192.8192.2195.9201.7202.1200.8220.2214.2219.9215.7230.6230.7

1 Includes an item for the difference between wagi2 Prior to 1968, dividends received is included in interest received.Source: Department of Commerce, Bureau of Economic Analysis.

402


TABLE B-82.—Federal Government current receipts and expenditures, national income and productaccounts (NIPA), 1959-99


Year orquarter

1959I960196119621963196419651966196719681969197019711972 ..:...::..:197319741975197619771978 .."..I".1979198019811982 :.::..:::.:198319841985198619871988198919901991 .199219931994 . .19951996199719981999*1994:1

IIIllIV

1995:1IIIllIV

1996:1IIIllIV

1997:1IIIllIV

1998: IIIIllIV

1999:1IIillIV* ...

Current receipts

Total

87.092.894.4

102.3110.2110.2119.3136.3144.9168.5190.1184.3189.8217.5248.5277.3276.1318.9359.9417.3478.3522.8605.6599.5

Si747.4786.4870.5928.9

1,010.31,055.71,072.31,121.31,197.31,293.71,383.71,449.11,627.21,750.7

1,243.71,297.61,303.51,329.91,348.21,385.71,391.71,409.2

1,446.91,495.61,503.41,550.5

1,573.81,609.01,648.01,677.8

1,704.81,734.41,770.31,793.31,826.51,853.11,883.1

Per-sonal

tax andnontax

re-ceipts

38.541.942.746.649.246.051.158.764.476.591.888.985.9

102.9109.7126.6120.9141.4162.3189.1224.8250.2290.8295.7287.2302.5337.2351.4394.5405.7454.6473.6465.2479.4509.9547.8591.8670.0750.9835.7900.1526.8558.1548.0558.4569.4596.3593.3608.3

637.5674.4675.6692.6

723.0740.1759.0781.5

803.3824.0847.3868.1877.9892.1908.0922.3

Cor-porateprofits

taxaccru-

als

22.521.421.522.524.626.128.931.430.036.136.130.633.536.643.345.143.654.661.671.474.470.365.749.061.375.276.383.8

103.2111.1117.2

ytt118.8138.5156.7179.3190.6204.2206.5

138.9153.4163.1171.5172.6177.5185.9181.3

187.3192.0190.9192.3

196.2199.9211.5209.3

206.2207.2209.9202.6212.6218.1222.4

Indirectbusi-ness

tax andnontaxaccru-

als

12.613.513.714.715.416.316.615.716.518.219.219.520.520.121.522.124.223.825.628.930.139.757.349.953.557.657.553.756.858.962.363.978.581.385.395.293.095.194.997.3

100.994.494.596.195.995.695.390.092.0

90.489.089.7

111.3

89.496.797.296.2

95.896.497.799.699.5

100.0101.5102.7

Contri-butions

forsocialinsur-ance

13.416.016.518.621.021.722.730.534.037.843.145.350.057.974.083.587.599.1

110.3127.9148.9162.6191.8204.9221.8252.8276.5297.5315.9353.1376.3400.1418.6441.8463.7493.9519.6543.3577.2611.2647.0483.6491.6496.4504.1511.6516.6522.5527.7

531.8540.2547.2554.2

565.2572.4580.4590.8

599.5606.9615.4623.1636.5642.9651.2657.5


Total1

83.885.892.0

100.0105.0109.3116.1133.6153.2169.8180.5198.6216.6240.0259.7291.2345.4371.9405.0444.2489.6576.6659.3732.1797.8856.1924.6978.5

1,018.41,066.21,140.31,228.71,287.61,418.91,471.51,506.01,575.71,635.91,676.01,703.81,754.91,481.21,488.21,515.51,539.31,556.41,574.61,589.31,582.4

1,623.41,632.61,633.51,654.2

1,661.21,672.21,675.91,694.6

1,680.01,690.51,710.71,733.51,728.91,735.01,749.21.806.3

Consumptionexpenditures

Total

52.051.553.259.562.464.267.477.288.397.0

100.0100.4103.7109.9111.6120.4131.2138.0151.3164.3180.0209.0

28&0312.0339.0358.3374.6382.8399.6419.9439.1445.8442.6439.7439.2445.3457.0453.5475.0437.6435.3447.2438.7439.2441.3444.6431.8

441.8447.0442.9449.4

452.7461.6458.1455.6

445.1457.4451.4460.0467.0465.2475.0492.7

Na-tionalde-

fense

42.242.844.348.350.150.352.461.4

ft80.178.779.382.382.687.593.497.9

105.8114.2125.3145.3168.9193.6210.6234.9254.9269.3284.8294.6300.5308.9321.1316.9309.2301.1297.5302.4304.5299.9310.9298.1299.7308.7297.8298.2299.3301.2291.2

298.4304.1301.4305.6

301.7308.2305.0303.0

292.4301.2302.5303.4304.6300.8312.137B1

Transferpayments

Toper-sons

18.619.923.123.524.625.227.329.936.241.645.655.565.972.684.0

103.1132.2142.7151.7161.7182.1219.0249.9281.1302.5307.1325.8344.0357.0377.5409.8445.3492.4549.1581.1603.2642.3678.1706.6720.0744.1597.9599.9603.4611.8631.3639.5645.9652.4

670.0676.1680.2685.9

702.6705.6708.3709.8

716.8718.C721.9723.5736.6740.5746.4752.8

Torest

of theworld(net)

1.81.82.12.12.12.12.02.2

fi1.8

82.52.43.13.43.63.33.63.94.84.86.17.09.1

11.112.110.210.310.410.0

-29.016.216.715.39.8

13.610.010.410.510.211.814.624.710.59.39.5

10.0

16.88.69.0

19.9

6.77.17.4

18.8

7.66.29.1

18.76.89.28.5

176

Grants-in-aid

toStateandlocalgov-ern-

ments

3.84.04.55.05.66.57.2

10.111.712.714.619.323.231.7m45.150.756.665.566.372.372.569.571.676.780.987.683.991.698.3

111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3

185.5194.0193.0189.2

192.8192.2195.9201.7

202.1200.8220.2214.2219.9215.7230.6230.7

Netinter-estpaid

6.47.16.67.17.78.48.99.8

10.512.113.615.315.316.119.922.925.629.932.538.547.0

ft93.9

104.6127.5144.4150.5159.8172.1193.5210.5225.2229.2230.2239.6267.5273.6276.3278.4263.0229.3236.2242.7250.2259.2266.4271.1273.3

273.9271.5273.7275.1

273.6275.2277.1279.4

279.8280.0279.6274.3266.0264.8259.9?61.?

Subsi-dies lesscurrent

surplus ofgovern-

mententer-prises

1.21.52.5

B3.03.34.54.44.55.06.26.37.77.05.07.97.19.8

10.710.312.913.316.123.724.023.326.132.931.928.731.628.229.638.233.632.435.130.432.138.134.933.832.433.331.131.932.933.6

35.435.434.734.8

32.730.529.129.2

28.628.428.542.932.639.529.051.3

Currentsurplus

ordeficit

(NIPA)

3.27.12.52.45.2.8

3.22.7

-8.3-1.3

9.6-14.4-26.8-22.5-11.2-13.9-69.3-53.0-45.2-26.9-11.4-53.8-53.7

-132.6-173.9-168.1-177.1-192.1-147.9-137.4-130.0-173.0-215.3-297.5-274.1-212.3-192.0-136.8-48.8

46.9

-237.5-190.5-212.0-209.4-208.3-188.9-197.6-173.2

-176.5-137.0-130.1-103.7

-87.4-63.2-27.9-16.8

24.943.559.659.797.6

118.1133.8

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.

403


TABLE B-83.—State and local government current receipts and expenditures,product accounts (NIPA), 1959-99


Year orquarter

1959... .I960.. .1961196219631964.1965

196719681969197019711972.1973 ' '19741975 ... .1976 !19771978 z:r.19791980198119821983198419851986 ..1987198819891990199119921993199419951996199719981999/1 ".'."".1994:1

IIIllIV

1995:1IIIllIV

1996:1IIIllIV

1997:1IIIllIV

1998:1IIIllIV '.....

1999:1IIIllIV ...

Current receipts

Total

38.942.445.949.753.458.463.371.578.989.5

100.7114.6129.3152.3166.6178.5199.6224.5249.5274.3290.8316.6344.4360.3392.1436.4469.2507.9536.0573.7618.9

. 663.4716.0772.2823.2873.8917.9960.4

1,009.01,070.4

852.0867.0879.8896.6906.8914.3923.4927.0940.4962.2966.1972.9991.3997.4

1,016.51,031.11,042.11,053.21,085.31,101.11,110.01,117.01,148.0

Personaltaxand

nontaxreceipts

4.24.75.15.76.16.87.38.79.7

11.814.115.717.522.824.726.729.534.1'38.844.348.453.960.665.973.784.891.398.6

108.5114.0128.9136.0145.3156.4164.7174.8186.5199.6217.4236.9251.9168.6174.0176.3180.1182.4184.2188.3191.3193.2198.1201.7205.5211.2214.3219.6224.5227.8234.0241.0244.9246.9247.3252.4260.9

Corpo-rate

profitstax

accruals

1.21.21.31.51.71.82.02.22.6

83.74.35.36.06.77.39.6

11.412.113.614.515.414.015.918.820.222.723.926.024.222.523.624.426.930.031.733.034.033.8

26.529.431.332.630.531.232.932.132.433.3

Si32.733.335.334.833.733.934.433.135.436.437.0

Indirectbusiness

taxand

nontaxaccruals

29.332.034.437.039.442.646.149.753.960.867.474.883.191.299.5

107.2115.8127.8139.9148.9158.6172.3192.0206.8226.8251.5272.0293.1312.4333.7358.5383.4403.8429.2454.8480.1501.6524.9550.9579.6614.6470.9477.7482.6489.0494.7498.8503.5509.3516.4524.2526.0533.0543.1546.4554.8559.3567.7573.8579.0598.2597.1606.8616.8637.8

Contri-butions

forsocialInsur-ance

0.4.5.5

|!8.8.9.9

1.01.11.21.31.51.71.82.22.83.43.93.63.94.04.14.74.96.07.28.49.0

10.011.613.114.114.513.612.511.010.711.114.614.614.514.414.013.813.513.212.912.612.311.911.411.110.810.710.810.710.710.710.710.911.211.5

Federalgrants-in-aid

3.84.04.55.05.66.57.2

10.111.712.714.619.323.231.734.836.345.150.756.665.566.372.372.569.571.676.780.987.683.991.698.3

111.4131.6149.1162.6174.5184.5190.4195.7209.3224.2171.3171.2175.1180.4185.1186.3185.2181.3185.5194.0193.0189.2192.8192.2195.9201.7202.1200.8220.2214.2219.9215.7230.6230.7


Total'

35.138.141.644.547.752.056.863.871.982.192.8

107.5122.9136.7150.9169.2197.2217.2236.4255.6277.8307.8336.9362.5387.3412.6447.0487.2523.8558.1599.6660.8723.8777.2821.7865.2902.5939.0981.5

1,028.71,089.0

851.4860.1870.6878.7890.8899.7905.8913.8923.4935.0943.8953.6965.5973.7985.6

1,001.31,010.11,022.31,035.41,046.91,061.21,079.41,099.11,116.4

Con-sump-tion

expendi-tures

31.134.037.039.442.446.350.856.863.271.180.292.0

103.4113.8126.9144.5165.4180.1196.5214.3235.0260.5284.6306.8325.1349.5380.5410.8439.0467.9503.0545.8576.1601.6629.5662.6694.7726.5765.9807.5857.3650.0658.6667.6674.2685.0692.6697.3703.8712.5723.0730.6740.0751.0759.1770.5782.8791.5802.7813.8822.2832.4848.4866.5881.8

Trans-fer

pay-ments

toper-sons

4.34.65.05.35.76.26.77.69.2

11.413.216.119.322.024.125.330.834.137.040.844.351.257.161.266.971.277.384.490.898.6

109.5127.8156.6180.1195.4206.9217.8224.3227.9234.8244.6203.2205.3208.1210.9214.1216.7219.1221.3222.6223.9225.3225.6226.5227.3228.5229.5231.4233.4235.7238.5241.9243.6245.3247.5

Netinterest

paidlessdivi-

dendsreceived

0.7.8

1.01.11.21.2

!i1.01.0.8.9

1.72.31.3

U3.23.0

-2i3

:5i-7.5-5.4-6.9-8.1-5.7-3.3-4.0-6.8-6.5-2.3

2.65.44.2

!e-.9

-2.3-1.0

5.54.93.72.7

1.1

-.2

.5

'.5

-is-1.1-1.6-2.1-2.5-2.5-2.1-1.3-1.0-.9-.9

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

-1.1-1.2-1.3-1.4-1.6-1.6-1.7-1.6-1.5-1.5-1.4-1.5-1.3-1.5-1.4-.8

-.2

"'.0.6

1.62.82.1

-l.'l-2.8-2.5-2.8-4.5-6.1-6.3-6.6-7.2-8.6-8.5

-10.2-12.5-11.4-11.3-11.7-7.3-8.7-8.8-9.1-9.4-9.9

-10.4-11.1-12.1-12.6-12.7-12.5-11.9-11.9-12.3-9.3

-10.6-11.3-11.6-11.6-11.6-11.6-11.7-11.9

Currentsurplus

ordeficit

(NIPA)

3.84.34.35.2

116.57.77.07.58.07.16.4

15.615.7

87.3

13.118.713.08.87.5

-2.34.8

23.8

i.i12.215.619.32.6

-7.8-4.9

1.58.6

15.321.427.541.7

.66.99.2

17.815.914.617.513.317.027.222.319.325.923.730.929.732.030.949.954.248.737.648.9

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B—84.—State and local government revenues and expenditures, selected fiscal years, 1927-96[Millions of dollars]

Fiscal year1

General revenues by source2

Total Propertytaxes

Salesand

grossreceiptstaxes

Indi-vidualincometaxes

Corpo-rationnet

incometaxes

Revenuefrom

FederalGovern-

ment

Allother'

General expenditures by function2

Total Edu-cation

High-ways

Publicwelfare

All

1927

1964-65 .

1967-68 .1968-69 .1969-70 .1970-71 .1971-72 .1972-73 .1973-74 .1974-75 .1975-76 ,1976-77 .1977-781978-79 ,1979-80 .1980-*! .1981-82 ,1982-83 .1983-34 .1984-85 .1985-361986-871987-881988-391989-901990-911991-421992-431993-941994-951995-56

7,2717,2677,6788,3959,2289,609

10,4L10,901.12,35617,25020,91125,181

8831,07334,66738,16441,21945,30650,505

8862,890

74,00083,03691,197101,264m144,927167,541190,222207,670228,171256,176285,157315960343,236382,322423,404457,654486,753542,730598,121

902,207979,137

1,041,5671,100,4411,169,5051,222,821

4,7304,4874,0764093

49866,1267,3498,652

1810,73511,74912,86414,04714,9831640518,00219,05420,08919,83321,24122,58324,67026,04727,74730,67334,05437,85242,87745,2834770551,49157,001

8864,94468,49974,96982,06789,10596,457103,757in,;1 2 l ~132,212mffl189,793197,140203,451209,440

470752

1,0081484I,"'

ll2,9864,4425,1546,3576,9277,2767,6438,6919,4679,829

10,43711,84912,46313,49414,45614,44615,76217,11819,08520,53022,911

33,23337,51842,04746,09849,81554,547m7424779,92785,97193,613100,247114,097126,376135,1144,091156,452ir—1

237,___248,993

10,81211,90015,227m21,454

46,42650,73855,12964,52970,361

as88,350

II109,341115,638123,235128,810137,931146,844

927949113

ifi447592593846

744

1,0181,0011180

051,505l,61,9;2,0382,2272,5183,180#383,4244,41654256,0156,6427,273

121.13,32114,14315,02814,25817,14119,15219,99422,42523,66325,92

22,24223,88026,41728,3203140632,009

13,21415,37017,18119,15321,85726,14631,34239,26441,82047,03455,589

106,158

180117,602

138'"-loo,154,099179,174198,591215,445228,771234,891

1,7931,6431,4491,6041,81118722i222,6613,68545415,763

10,51611,634

13,'-14,85014,55615,95117,25019,26921,19723,598

8$8851,73557,19161,12468,43679,82195,466111,599128,926138,0153,51 .172,317

7,2107,7657,1817,6448,7579,229sir881-11,02817,68422,78726,098

64,81663,97769,30274,678

150,674168,549181,357198,959230,722256,731274,215296,984327,517369,086

553,899

,704,921

illU49!8631,193,276

2,2352,3111,8312,1772,4912,6382,r~

li71778,3189,39010,55711,90713,22014,134'"19

18,71920,57422,21623,7761,729

28,56333,28737,91941,15847,23852,71859,41365,814",714

87,85897,216

102,780110,758119,448133,211145,784154,282163,8"176,1U192,686

8838378,273398,859

1,7411,50914251,6501,573

1,'67230363,8034,6504,9875,5276,4526,9537,816

IB:9,4289,84410,35711,13611,150111,66412,22112,7701393214,48115,41716142718,09519,02118,61519,94622,52823,90723,05824,60928,44033,31134,60334,52036,65539,41944,98949,368

55]62158,10561,05764,93767,35168,37072,06777,10979,092

151444889827

1,0691,156mMl"2,01.2,9402,7882,9143,0603,1683,1393,4853,81841364,4044,7205,0845,4815,42057666,3156,7578,2189857

12,11014,67918,22621,11723,58225,08528,15632,60435,90639,14041,r~47,;54,10557,996

.541471,479

89,09097,879

110,518130,402158723170,705183,384196,703197,354

3,015

88m3,8623,88937374,5917,1708,86710,34210,61911,55712,1971339914,94016,54717,876

22154924,423

27,579

8836,91541,96347,50854,94062,59769,44678,09692,180103,004112,472122,477137,731155,277172,957189,935

379

_ -.510317,528m451,805468917497,779517,971

1 Fiscal years not the same for all governments. See Note.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmentalreceipts and payments between State and local governments are also excluded.3 Includes other taxes and charges and miscellaneous revenues.4 Includes expenditures for libraries, hospitals, health, employment security administration, veterans' services, air transportation, watertransport and terminals, parking facilities, and transit subsidies, police protection, fire protection, correction, protective inspection and regu-lation, sewerage, natural resources, parks and recreation, housing and community development, solid waste management, financial adminis-tration, judicial and legal, general public buildings, other government administration, interest on general debt, and general expenditures,n.e.c.

Note.—Data for fiscal years listed from 1962-63 to 1995-96 are the aggregations of data for government fiscal years that ended in the12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal years endingduring that particular calendar year.

Data are not available for intervening years.Source: Department of Commerce, Bureau of the Census.

405


TABLE B-85.—Interest-bearing public debt securities by kind of obligation, 1967-99


End of yearor month

Fiscal year:19671968196919701971197219731974197519761977197819791980198119821983198419851986 . . .198719881989199019911992199319941995 . .1996199719981999

1998: JanFebMarApr 1.1.!...!...!...!.M a y . . . . .JuneJulyAugSept 11!!!! 11Oc? !NovDec

1999- Jan . .FebMarAprMay !!:.!!!.!!!..::..!!.!!!JuneJulyAug .11.1 '11Sept .......OctNovDec

Totalinterest-bearingpublicdebt

securities

322.3344.4351.7369.0396.3425.4456.4473.2532.1619.3697.6767.0819.0906.4996.5

1,140.91,375.81,559.61,821.02122.72,347.82,599.92,836.33,210.93,662.84,061.84,408.64,689.54,950.65,220.85,407.55,518.75,647.2

m5,535.35,492.85,464.55,540.25,520.15,557.05518.75,515.45,584.55,605.45,568.15,580.25,643.15,577.45,563.15,629.5

5!663'.45,647.25640.65,684.75,766.1

Marketable

Total1

&210.7226.6226.1232.6245.5257.2263.0266.6315.6392.6443.5485.2506.7594.5683.2824.4

1,024.01,176.61,360.2

'1564.3U.676.01 1,802.91 1,892.812,092.812,390.712,677.512,904.913,091.613,260.413,418.413,439.613,331.013,233.013,398.113,424.1J 3,467.1

i3;369!513,350.813,384.6J3&1.0

i3]363!413,355.513,292.813,294.513,361.3

'13,272.613,240.613,248.513,223.713,281.013,233.013,211.213,243.713,281.0

Treas-

a58.564.468.476.286.794.6

100.1105.0128.6161.2156.1160.9161.4199.8223.4277.9340.7356.8384.2410.7378.3398.5406.6482.5564.6634.3658.4697.3742.5761.2701.9637.6653.2688.8705.1720.1657.9647.8641.1638.1676.4637.6651.4685.5691.0662.7667.5725.5650.1648.5647.8654.8689.9653.2663.0687.9737.1

Treasurynotes

49.171.178.993.5

104.8113.4117.8128.4150.3191.8241.7267.9274.2310.9363.6442.9

&776.4896.9

1,005.11,089.61,133.21,218.11,387.71,566.31,734.21,867.51,980.3mm2,065.52,063.92,091.92,077.72,041.52,064.62,040.32,023.92,009.11964.61,974.31,960.71,917.71,903.41,912.01,891.21,860.61,868.51,829.31,840.31,828.81,789.51,796.61,784.5

Treasurybonds

97.491.178.863.054.049.145.133.136.839.645.756.471.183.896.2

103.6125.7158.1199.5241.7277.6299.9338.0377.2423.4461.8497.4511.8522.6543.5576.2610.4643.7587.3598.7598.7598.7598.7598.7598.7610.4610.4610.4621.2621.2621.2

632:5632.5643.7643.7643.7643.7643.7

Treasuryinflation-indexed

Notes

24.441.967.641.441.441.541.541.641.741.841.841.950.450.550.659.159.159.259.359.559.967.467.467.667.868.168.2

Bonds

"'i'7.024.8

8.48.48.4

16.916.917.017.017.017.017.017.017.124.524.524.724.724.724.832.332.532.5

Nonmarketable

Total

111.6117.8125.6136.4150.8168.2193.4206.7216.5226.7254.1281.8312.3311.9313.3316.5

460.8558.4671.8797.0943.5

1,118.21,272.11384.31,503.71,597.91,690.21,802.41,967.92,187.72,414.22,051.92,057.92,068.22,093.62,111.52,170.72,169.32,172.52,187.72,206.62,221.22,249.92,275.32,285.72,281.8m2,381.02,375.42,382.42,414.22,429.42,441.02,485.1

U.S.savingssecuri-ties2

51.251.751.751.353.055.959.461.965.569.775.479.880.472.768.067.370.072.877.085.6

iffi114.0122.2133.5148.3167.0176.4181.2184.1182.7180.8180.0181.1181.3181.2181.3180.7180.7180.6180.7180.8181.2181.5180.3180.4180.6180.6180.8180.0180.0180.1180.0180.0180.3180.4179.3

For-eignse-

ries3

84.14.89.3

19.028.525.023.221.521.821.728.125.220.514.611.58.86.64.14.46.36.8

36.041.637.042.542.041.037.534.935.131.0

36!436.236.236.035.735.5

34!434.334.1

SI32.931.830.930.930.731.031.0

ft

Govern-ment

accountseries

56.259.566.876.382.889.6

101.7115.4124.2130.6140.1153.3176.4189.8201.1210.5234.7259.5313.9365.9440.7536.5663.7779.4908.4

1,011.01,114.31,211.71,324.31,454.71,608.51,777.32,005.21,677.31,678.61,681.51,698.81,713.61,769.11,765.41,768.21,777.31,798.61,811.91,840.01,866.31,875.91,870.21,889.41,908.31,967.51,964.81,973.12,005.22,022.22,032.72078.7

Other4

2.72.83.14.15.83.73.74.33.64.9

16.827.127.424.223.724.135.641.863.3

102.8129.8148.0159.0180.6188.5188.0179.9167.8143.8126.1141.9194.4198.1157.4162.2169.1177.4181.0185.0187.6188.1194.4194.0193.4195.3194.5195.2197.4201.7202.4202.6199.6198.5198.1196.0197.0195.7

1 Includes Federal Financing Bank securities, not shown separately, in the amount of 15.000 million dollars.2 Series previously shown as U.S. savings bonds. Beginning January 1997, includes U.S. retirement plan bonds, U.S. individual retirementbonds, and U.S. savings notes previously included in "other" nonmarketable interest-bearing public debt securities in this table. Data prior toJanuary 1997 do not reflect this change.3 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-currency denominated issues.4 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and special issuesheld only by U.S. Government agencies and trust funds and the Federal home loan banks. See footnote 2.5 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 yearis on an October 1-September 30 basis.

Source-. Department of the Treasury.

406


TABLE B-86.—Maturity distribution and average length of marketable interest-bearing public debtsecurities held by private investors, 1967-99

End of year or month

Amountout-

Maturity class

Withinlyear

I toSyears

5 to 10years

10 to 20years

2020 yearsand over

Average length >

Fiscal196719681969

19701971 .1972 .1973 .1974 .

1975 ,1976 ,1977 .1978 ,1979,

19951996199719981999 .

1998: Jan...Feb ..Mar..

June...July ....

SiNov ....Dec....

1999: JanFeb ..Mar .....

fcJune ..July ...Aug ...Sept.

Millions of dollars Years

156,008

157,910161,863165,978167,869164,862

1,445,3661,555,2081,654,6601,841,9032,11: •"

2,895,1902,894,8292,886,7002,918,2592,856,6372,837,4322,884,3522,887,2732,825,0862,820,0232,879,62227832112,745,1442,747,6702,725,1802,774,8342,728,011

56,56166,74669,311

84104187,150

115,677150296161,329163,819181,883220,084256,187314,436379,579437,941

472,661506,903483,582524,201546,751626,29771

1,002,875

iffifi940,572915,145

1,011,1811,029,311

4,171952,967945,246982,323940,572945,953981,135986,500953,672954,337

HB0926,147920,996919,082950,892915,145

50,182

57,035

8054,13950,103

80m127,574156,244182,237221,783m.90526,746552,993578,333630,144"12436,3298,714

1,157,492

1.1Q5.175

1,139,3181,147,1841,173,0361,153,4101,113,0801,132,460

1,035,2901,021,9661,027,8211,007,440982,625989,891962,199973,938962,644

21,0572185018,078

8,28614,5031603316,38514,197

mm32,279

338,503326,495326,381324,973

368,435376,570374,166373,913373,146369,372369,607376,718378,017378,163

6,15361106,097

7,876m,mm18,489

ftfi33,017

803080,616

87,297111,360154,205157347149,703155,193154,836152,471151,116162,395159)368161,2!

123,614123,614141,265140,849140587135,759135,759135,759149,703149,703

12,96812,67012,337

8,2727,64569224,5643,481

mm20,30422,6793012737,058" '97

88,012119,365m201,532235,176273,304308,141324,479335,401

_..__325,411320,029316,369327,471334,713334,212m336,554m331,241331,415331,421322,284322,356

Months

3

11

811

790

11

6

90

0

11

'Treasury inflation-indexed notes (first offered in 1997) and bonds (first offered in 1998) are excluded from the average length calcula-tion.

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.

407


TABLE B-87.—Estimated ownership of U.S. Treasury securities, 1989-99[Billions of dollars]

End of month




1992- MarJuneSeptDec







1999: MarJuneSept

Totalpublicdebt1

2,740.92,799.92,857.42,953.03,052.03,143.83,233.33,364.83,465.23,538.03,665.33,801.73,881.33,984.74,064.64,177.04,230.64,352.04,411.54,535.74,575.94,645.84,692.84,800.24,864.14,951.44,974.04,988.75,117.85,161.15,224.85,323.25,380.95,376.25,413.15,502.45,542.45,547.95,526.25,614.25,651.65,638.85,656.3

FederalReserve

andGovern-

mentac-

counts2

837.5890.8899.1935.6935.4

1,003.81,026.01,059.51,104.61,139.11,166.91,223.21,215.51,272.31,282.41,329.71,328.61,400.61,422.21,476.11,476.01,547.51,562.81,622.61,619.31,690.11,688.01,681.01,731.11,806.71,831.61,892.01,928.71,998.92,011.52,087.82,104.92,198.62,213.02,280.22,324.02,439.52,480.7

Held by private investors

Totalprivately

held

1,903.41,909.11,958.32,017.42,116.62,140.02,207.32,305.32,360.62398.92,498.42,578.52,665.82712.42,782.22,847.32,902.02,951.42,989.33,059.63,099.93,098.33,130.03,177.63,244.83,261.33,286.03,307.73,386.73,354.43,393.23,431.23,452.23,377.33,401.63,414.63,437.53,349.33,313.23,334.03,327.63,199.33,175.6

De-posi-toryinsti-tu-

tions3

239.0218.2205.4204.2218.8214.2214.8206.5222.5231.5251.7271.5300.5315.1337.1348.3362.6361.0366.2373.0397.4383.9364.0339.6352.9340.0330.8315.4322.1318.7310.9296.6317.3300.2292.8300.3308.2290.7244.4237.3247.7240.6240.6

U.S.savingsbonds4

112.2114.0115.7117.7119.9121.9123.9126.2129.7133.2135.4138.1142.0145.4150.3157.3163.6166.5169.1171.9175.0177.1178.6180.5181.4182.6183.5185.0185.8186.5186.8187.0186.5186.3186.2186.5186.3186.0186.0186.7186.6186.6186.3

Pension funds

Pri-vate5

109.3115.9122.9131.5121.6128.4133.2137.2131.2132.0136.2137.7128.5129.3133.3135.3127.2127.4141.8136.8138.0145.0131.7157.9162.8166.6170.6176.5180.4183.9186.9189.2192.4195.9199.7204.1198.7204.8208.2218.1220.0226.6228.3

Stateandlocal

govern-ments

127.3127.9129.4128.6139.0144.6146.4144.5153.4155.0140.2141.7140.7146.7166.4172.3171.2176.9188.7186.3195.0193.4191.9192.1203.1197.2193.0191.7198.9208.2202.4203.5203.7209.3219.7216.9211.9214.8211.2216.6218.3222.5216.6

Insur-ance

compa-nies

119.7120.6121.2123.9132.3133.7136.4138.2147.2156.8171.4181.8188.4192.8194.8197.5208.0217.8229.4234.5233.4238.1243.7240.1244.2245.0245.2241.5239.4229.5226.8214.1182.2183.6187.3176.6170.1161.9150.7144.5143.8142.5138.2

Mutualfunds6

118.5116.5120.4124.9142.7141.2147.6162.8186.1180.1199.5221.8227.9235.2245.1259.5261.5269.2283.9294.0278.0271.6265.3273.0273.0263.9272.6286.5310.4306.5308.4315.8310.6305.4311.4321.5325.1319.4319.7343.2352.8335.4332.6

Stateandlocal

govern-ments

355.9358.6359.8369.1401.1405.0407.3410.6415.6416.8430.2435.5460.0435.6429.3418.2434.0441.2434.0447.8443.4425.2398.2370.0350.5313.7304.3289.8283.6283.3263.8257.0250.6243.3237.7239.3238.1258.5266.4269.3272.5279.1271.6

Foreignand inter-national7

373.5366.4391.8426.1445.4451.0463.8487.1492.0502.0506.3520.9536.4558.2562.8576.7585.9596.8619.1650.3661.1659.9682.0667.3707.0762.5820.4835.2908.1929.7993.4

1,102.11,157.61,182.71,230.51,241.61,250.51,256.01,224.21,278.71,272.11,257.41,281.3

Otherinves-tors8

348.1371.1391.7391.4395.8399.9434.0492.3482.9491.5527.6529.5541.4554.1563.2582.2588.1594.6557.2565.0578.6604.2674.6757.1770.0790.0765.6786.1758.0708.1713.8665.9651.3570.6536.2527.9548.6457.2502.4439.6413.8308.6280.1

1 Face value.2 Federal Reserve holdings exclude Treasury securities held under repurchase agreements.3 Includes commercial banks, savings institutions, and credit unions.4 Current accrual value.5 Includes U.S. Treasury securities held by the Federal Employees Retirement System Thrift Savings Plan "G Fund."6 Includes money market mutual funds, mutual funds, and closed-end investment companies.7 Includes nonmarketable foreign series Treasury securities and Treasury deposit funds. Excludes Treasury securities held under repurchase

agreements in custody accounts at the Federal Reserve Bank of New York.Estimates reflect the 1984 benchmark to December 1989, the 1989 benchmark to December 1994, and 1994 benchmark to date.

8 Includes individuals, Government-sponsored enterprises, brokers and dealers, bank personal trusts and estates, corporate and noncor-porate businesses, and other investors.

Source: Department of the Treasury.

408


CORPORATE PROFITS AND FINANCE

TABLE B—88.—Corporate profits with inventory valuation and capital consumption adjustments,

1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year or quarter

1959I9601961 . . .19621%3196419651966 ""'.77.7; :1967

1969197019711972 ....1973197419751976197719781979 .198019811982198319841985 ....1986198719881989 :::":::: : :1990199119921993199419951996 .19971998 ::1994:1

||IIIIV

1995:1IIIllIV

1996- 1IIIllIV

1997:1IIIII .IV

1998- 1||IIIIV

1999-1 . .IIIll

Corporateprofits with

inventoryvaluation

and capitalconsumptionadjustments

53.752.353.461.567.674.785.991.889.496.393.481.394.8

109.4123.5114.0132.5160.1190.5216.8221.9197.7218.0200.2253.0308.7321.3299.5345.3403.5394.2407.4430.2451.9509.7572.5668.3753.9837.9846.1497.6568.3597.9626.0629.4654.9692.4696.4737.2748.9754.8774.5803.6831.6862.8853.5858.3847.9843.8834.3882.0875.5879.2

Corporateprofits

taxliability

23.622.722.824.0

28iO30.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5

106.5127.1137.2141.5140.6133.6143.1165.4186.7211.0223.6238.3240.2165.4182.8194.4204.1203.1208.8218.7213.3219.7225.3224.0225.6228.9233.2246.8244.1239.9241.1244.3235.6248.0254.4259.4

Corporate profits after tax with inventoryvaluation and capital consumption adjustments

Total

30.029.630.637.541.446.855.058.256.857.053.846.957.067.574.362.281.695.9

117.5133.3133.9112.9136.8137.1175.8214.6224.8193.0218.2266.4252.8266.8296.6308.7344.3385.8457.3530.2599.6605.8332.1385.5403.6421.9426.4446.1473.7483.1517.6523.6530.8548.9574.7598.4616.0609.4618.3

598>634.0621.0619.8

Dividends

12.613.413.915.016.218.220.220.721.523.524.224.325.026.829.933.233.039.044.850.857.564.173.876.283.691.097.7

106.3112.2129.6155.0165.6178.4185.5203.1234.9254.2297.7333.7348.6220.0229.7240.5249.4248.6251.1252.1265.0286.2290.7302.7311.3320.6330.6338.8344.8346.5347.3348.4352.2356.4361.5367.3

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

17.516.316.722.525.128.634.837.535.333.429.522.632.040.744.329.048.756.972.782.576.448.863.160.992.2

123.6127.186.7

106.0136.897.8

101.2118.2123.2141.2

257.'2112.1155.8163.1172.4177.8195.0221.6218.1231.3232.9228.1237.7254.1267.9mi264.6271.9259.5251.1246.5277.6259.5252.4


409


TABLE B-89.—Corporate profits by industry, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959196019611962196319641965 .196619671968196919701971197219731974 . .19751976 . .1977197819791980

19821983 . .1984198519861987198819891990199119921993199419951996199719981994-1

IIIllIV

1995:1II . .IllIV

1996:1||HIIV

1997:1II111 .:.:....:.:.IV

1998- 1IIIllIV ....'....!...

1999:1||Ill

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Total

53.451.451.756.962.068.478.784.481.788.585.274.087.9

100.7114.6108.5134.3164.5193.3221.2229.9209.3216.3188.0223.9262.0255.2250.5298.4359.8360.4388.6421.1448.8506.4561.0650.2729.4803.2802.8506.6552.5579.7605.1610.7637.1673.7679.2715.3724.7729.6748.1772.6797.7827.0815.5818.4805.6799.9787.4831.4822.2827.1

Domestic industries

Total

50.748.248.453.157.964.074.079.877.082.978.666.980.091.299.791.1

119.6148.0174.2198.4195.3173.8186.6155.2188.5225.1216.8210.7250.4303.1296.1315.9346.7380.1429.6483.7558.2628.6695.1702.8431.5476.6501.4525.4522.5541.1588.0581.0616.6628.7631.1637.8670.7684.7717.3708.0710.5698.2713.2689.1727.1718.9719.0

Financial1

Total

7.48.18.18.28.08.49.0

10.410.812.413.315.017.318.820.319.719.724.230.737.738.432.327.125.835.233.844.555.857.167.976.891.6

120.2124.8127.9114.7154.3165.3184.2191.387.5

116.0127.7127.8140.9154.9166.6154.9168.6170.1166.4156.0176.6181.9186.5191.8194.9192.2189.5188.6205.3198.3203.9

FederalReservebanks

0.7.9.8.9

1.01.11.31.72.02.53.13.53.33.34.55.75.65.96.17.69.4

11.814.415.214.616.416.315.515.717.620.221.420.317.816.117.822.221.823.324.616.116.818.220.021.622.622.422.121.621.721.822.122.623.023.624.224.524.424.724.724.324.525.5

Other

6.67.27.37.47.17.27.68.78.99.9

10.311.414.015.415.814.014.118.324.630.029.020.512.710.620.617.328.240.341.450.356.770.299.9

107.0111.7

97.0132.1143.5160.9166.771.499.2

109.5107.8119.3132.3144.1132.8147.0148.4144.6133.9154.0158.9162.9167.7170.4167.8164.8163.9180.9173.7178.4

Nonfinancial

Total

43.340.140.444.949.955.665.069.566.170.565.352.0

72479.471.4

100.0123.8143.5160.7156.9141.5159.6129.4153.3191.3172.3154.9193.3235.2219.3224.3226.5255.2301.7369.0403.8463.3510.9511.5344.0360.6373.6397.6381.5386.3421.4426.1448.0458.5464.8481.8494.0502.8530.7516.1515.6506.0523.7500.6521.9520.6515.1

Manu-fac-

turing 2

26.523.823.326.229.632.439.742.539.141.737.127.234.841.546.841.054.971.078.889.788.476.388.563.872.287.981.554.183.1

116.1105.7109.293.593.9

108.4139.6166.1181.2185.6168.4131.3131.4140.8154.8154.6160.2173.8175.6175.5181.6181.8185.7179.0186.6195.4181.4170.8169.2171.9161.7171.0167.8163.1

Trans-porta-tionand

publicutilities

7.17.57.98.59.5

10.211.012.010.911.010.78.38.99.59.17.6

11.015.318.621.817.018.420.423.129.640.133.936.042.048.443.544.453.258.569.682.985.891.4

104.7109.074.182.284.890.584.183.989.186.188.093.690.493.6

100.1101.8108.2108.8110.9105.0113.0106.9111.9107.9117.3

Whole-sale

trade

2.82.52.52.82.83.43.84.04.14.64.94.45.26.88.2

11.513.812.915.615.719.017.122.319.721.730.223.924.117.719.621.519.122.025.928.233.129.442.646.847.230.837.032.132.426.224.232.934.341.637.241.450.248.948.047.442.847.950.149.741.243.444.339.1

Retailtrade

3.32.83.03.43.64.54.94.95.76.46.46.07.27.46.62.38.2

10.512.412.410.06.4

10.113.819.121.522.423.723.420.621.221.027.733.739.746.644.152.963.769.842.846.447.849.443.242.644.246.550.953.054.952.962.460.966.165.471.069.769.369.075.775.467.7

Other

3.63.63.63.94.45.15.76.26.56.96.36.16.77.28.79.0

12.114.218.221.122.623.318.28.9

10.811.610.717.027.130.427.430.630.043.255.966.878.595.2

110.1117.1

6U70.573.475.381.583.792.093.296.399.4

103.6105.5113.6117.8115.0111.9119.9121.7119.8125.2127.9

Restof theworld

2.73.13.33.84.14.54.7

115.66.67.17.99.5

14.917.514.616.519.122.934.635.529.732.735.537.038.439.848.056.764.272.774.368.776.777.292.0

100.9108.1100.075.175.978.379.788.296.085.698.298.796.098.4

110.3101.9113.1109.8107.6107.8107.486.698.3

104.3103.3108.1

1 Consists of the following industries: Depository institutions; nondepository credit institutions; security and commodity brokers; insurancecarriers; regulated investment companies; small business investment companies; and real estate investment trusts.2 See Table B-90 for industry detail.

Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning 1987,and on the 1972 SIC for earlier years shown.


410


TABLE B-90.—Corporate profits of manufacturing industries, 1959-99[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959I960196119621963196419651966196719681969197019711972197319741975197619771978197919801981 : ::198219831984198519861987198819891990199119921993199419951996199719981994:1

IIIllIV

1995:1IIIllIV

1996:1IIIllIV

1997-1 . .IIIllIV

1998:1IIIllIV

1999:1IIHI

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Totalmanu-fac-

turing

26.523.823.326.229.632.439.742.539.141.737.127.234.841.546.841.054.971.078.889.788.476.388.563.872.287.981.554.183.1

116.1105.7109.293.593.9

108.4139.6166.1181.2185.6168.4131.3131.4140.8154.8154.6160.2173.8175.6175.5181.6181.8185.7179.0186.6195.4181.4170.8169.2171.9161.7171.0167.8163.1

Durable goods

Total

13.711.611.314.016.418.023.224.021.222.419.110.416.522.625.015.220.631.337.745.136.618.318.93.8

17.837.728.824.539.351.048.341.632.137.651.870.677.687.093.395.169.366.668.378.277.173.678.780.881.789.3

iii84.192.1

104.492.687.389.797.2

106.3100.5100.794.4

Primarymetalindus-tries

2.32.01.61.62.02.53.13.62.71.91.4.8

,:?2.35.02.82.11.03.63.52.63.1

-4.8-5.0

-LO

2l56.06.23.41.4

2'.16.95.45.15.41.21.52.53.56.57.86.56.75.44.96.05.14.34.96.05.46.15.45.05.01.71.2

.4

Fabri-catedmetalprod-ucts

1.1.8

1.01.21.31.52.12.42.52.32.01.11.52.22.61.83.33.94.55.05.24.44.52.73.14.64.85.15.46.46.36.05.26.17.3

10.911.814.416.717.310.39.8

10.812.911.612.211.411.813.812.915.215.715.616.218.017.2

ffl19.917.019.419.019.4

Indus-trial

machin-ery andequip-ment

2.21.81.92.42.6

84.64.24.23.73.03.04.44.83.35.06.98.5

10.59.27.78.62.63.15.1

<34.59.6

10.710.54.25.95.67.6

12.915.013.514.65.77.27.5

10.011.811.713.514.617.915.413.513.09.5

13.616.414.78.8

14.615.719.416.618.617.1

Elec-tronic

andother

electricequip-ment

1.71.31.31.51.61.72.73.03.02.92.3

82.83i2.63.85.96.75.55.25.11.63.45.12.62.55.6

B8.49.7

10.114.922.521.420.2

ftft23.926.122.219.621.821.917.320.520.022.821.721.624.420.618.316.216.921.420.519.620.8

Motorvehicles

andequip-ment

3.03.02.54.04.9

if5.24.05.54.81.35.15.95.9

2.27.49.39.04.6

-4.3.4

-.25.18.97.34.43.7

2.2-2.2-5.4-1.2

5.27.3

i?4.97.5

13.88.6

112.0

-1.9

-LI

e!o6.91.14.83.37.44.17.85.76.69.8

10.710.49.5

Other

3.52.72.93.43.94.45.2

!i5.64.92.94.15.5

H4.67.38.5

10.48.52.7

-2.71.98.1

14.410.112.017.616.113.815.616.917.018.720.224.928.430.932.218.918.920.222.723.124.2mft26.431.028.232.532.230.531.2

33J31.632.027.2

Nondurable goods

Total

12.812.112.012.213.214.416.518.517.919.318.016.818.319.0

ft34.3»44.651.857.969.660.054.350.252.729.643.865.157.467.661.556.356.669.0

ftft62.064.8

ft77.586.695.194.993.892.493.796.994.994.591.188.883.579.574.755.570.567.068.7

Foodand

kindredprod-ucts

2.52.22.42.42.72.72.9

3.23.13.23.53.02.52.68.67.16.86.15.86.09.07.26.16.6

H11.211.810.814.218.017.916.019.526.721.622.117.018.318.120.021.624.227.127.827.722.818.920.324.621.821.121.324.519.520.121.37.1

17.218.618.7

Chem-icalsand

alliedprod-ucts

3.53.13.33.2

li4.64.94.35.34.63.94.55.2

86.4

fi8.27.1

fi4.77.07.76.27.1

13.918.217.616.315.615.4

ft26.725.526.020.618.821.3

ft23.827.2

ftft24.723.525.925.627.025.524.618.819.020.025.120.817.4

Petro-leumandcoalprod-ucts

2.62.62.22.22.22.4

H3.9

3.63.73.2

10>

1812.915.524.533.638.633.422.416.117.4-5.8-2.611.95.4

15.46.3

-2.01.6

s!s13.316.08.3

-1.8-3.8

ii.9

4.99.47.08.8

13.114.716.717.318.115.313.111.3!a4.1-.9-.33.6

Other

4.34.24.24.44.75.3

Ii6.47.17.06.16.67.67.97.29.4

11.113.614.714.512.914.314.718.919.8

ft21.3

ft21.821.624.923.8

28i227.326.729.327.426.528.527.429.332.935.233.434.032.229.929.727.425.728.1

ft24.229.028.029.0

Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning 1987and on the 1972 SIC for earlier years shown. In the 1972 SIC, the categories shown here as "industrial machinery and equipment" and"electronic and other electric equipment" were identified as "machinery, except electrical" and "electric and electronic equipment," respec-tively.



TABLE B-91.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1952-99


Year orquarter

1952195319541955195619571958 . .195919601961

1964 '.".1965196619671968 .!.!""'!"1969197019711972 !19731973: IVNew series:1973: IV19741975197619771978 .'."""""1979198019811982198319841985198619871988 3

1989199019911992 4

19931994 !19951996 ;.;.199719981997:1

IIIllIV

1998:1IIIllIV

1999:1IIIll

All manufacturing corporations

Sales(net)

250.2265.9248.5278.4307.3320.0305.3338.0345.7356.4389.4412.7443.1492.2554.2575.4631.9694.6708.8751.1849.5

1,017.2275.1

236.61,060.61,065.21,203.21,328.11,496.41,741.81,912.82,144.72,039.42,114.32,335.02,331.42,220.92,378.22,596.22,745.12,810.72,761.12,890.23,015.13,255.83,528.33,757.63,920.03,952.9

935.2987.8986.0

1,011.0958.9997.9986.3

1,009.8970.8

1,040.81,053.4

Profits

Beforeincometaxes1

22.924.420.928.629.828.222.729.727.527.531.934.939.646.551.847.855.458.148.152.963.281.421:4

20.692.179.9

104.9115.1132.5154.2145.8158.6108.2133.1165.6137.0129.3173.0215.3187.6158.198.731.4

117.9243.5274.5306.6331.4314.282.592.486.969.696.876.582.458.481.592.792.5

Afterincometaxes

10.711.311.215.116.215.412.716.315.215.317.719.523.227.530.929.032.133.228.631.036.548.113.0

13.258.749.164.570.481.198.792.6

101.370.985.8

107.687.683.1

115.6153.8135.1110.166.422.183.2

174.9198.2224.9244.5234.460.666.962.554.574.754.761.243.859.866.869.3

Stock-holders'equity2

103.7108.2113.1120.1131.6141.1147.4157.1165.4172.6181.4189.7199.8211.7230.3247.6265.9289.9

343i4374.1386.4

368.0395.0423.4462.7496.7540.5600.5668.1743.4770.2812.8864.2866.2874.7900.9957.6999.0

1,043.81,064.11,034.71,039.71,110.11,240.61,348.01,462.71,482.51,429.31,458.61,483.81,479.31,495.21,469.71,479.21,486.01,498.21,529.71,562.8

Durable goods industries

Sales(net)

122.0137.9122.8142.1159.5166.0148.6169.4173.9175.2

18226.3257.0291.7300.6335.5366.5363.1381.8435.8527.3140.1

122.7529.0521.1589.6657.3760.7865.7889.1979.5913.1973.5

1,107.61,142.61,125.51,178.01,284.71,356.61,357.21,304.01,389.81,490.21,657.61,807.71,941.62,075.82I171.5

487.7527.8519.5540.9522.1547.4537.4564.7539.4580.6574.5

Profits

Beforeincometaxes1

12.914.011.416.516.515.811.415.814.013.616.818.521.2

25>30.631.523.026.533.643.610.8

10.141.135.350.757.969.672.457.467.234.748.775.561.552.178.091.675.157.313.9

-33.738.9

121.0130.6146.6167.0174.738.949.542.036.656.337.239.541.747.455.047.5

Afterincometaxes

5.55.85.68.18.37.95.88.17.06.98.69.5

11.614.516.414.616.516.912.914.518.424.86.3

6.224.721.430.834.841.845.235.641.621.730.048.938.632.653.066.955.540.7

7.2-24.0

27.487.194.3

106.1121.4127.927.036.329.528.544.825.828.129.233.639.735.0


49.852.454.958.865.270.572.877.982.384.989.193.398.5

105.4115.2125.0135.6147.6155.1160.4171.4188.7194.7

185.8196.0208.1224.3239.9262.6292.5317.7350.4

£*8U436.3444.3468.7501.3515.0506.8473.9482.7533.3613.7673.9743.4779.5722.7736.7758.4755.9766.7774.7784.2792.5804.4836.7857.4

Nondurable goods industries

Sales(net)

128.0128.0125.7136.3147.8154.1156.7168.5171.8181.2194.1203.6216.8235.2262.4274.8296.4328.1345.7369.3413.7489.9135.0

113.9531.6544.1613.7670.8735.7876.1

1,023.71,165.21,126.41,140.81,227.5U88.81,095.41,200.31,311.51,388.51,453.51,457.11,500.41,524.91,598.21,720.61,816.01,844.21,781.4

447.5460.1466.6470.1436.9450.5448.9445.2431.5460.2478.8

Profits

Beforeincometaxes1

10.010.49.6

12.113.212.411.313.913.513.915.116.418.320.322.622.024.826.625.2

&65

37.810.6

10.551.044.654.357.262.981.888.491.373.684.490.075.677.295.1

123.7112.6100.884.865.179.0

122.5143.9160.0164.4139.543.642.844.933.040.539.442.916.734.137.745.0

Afterincometaxes

5.25.55.67.07.87.56.98.38.28.59.2

10.011.613.014.614.415.516.415.716.518.023.36.7

7.034.127.733.735.539.353.556.959.649.355.8

S!i50.562.686.879.669.459.346.055.787.8

103.9118.8123.1106.533.630.533.026.029.929.033.114.626.227.134.4


53.955.758.261.366.470.674.679.283.187.792.396.3

101.3106.3115.1122.6130.3142.3151.7160.5172.0185.4191.7

182.1199.0215.3238.4256.8277.9308.0350.4393.0414.7440.4468.5445.3438.4456.6488.9497.7528.9557.4560.8557.1576.8627.0674.2719.3703.0706.5721.9725.4723.4728.5695.1694.9693.5693.7692.9705.4

1 In the old series, "income taxes" refers to Federal income taxes only, as State and local income taxes had already been deducted. In thenew series, no income taxes have been deducted.

3 Beginning 1988, profits tincome taxes.4 Data for 1992 (most significantly 1992:1) reflect the early adoption of Financial Accounting Standards Board Statement 106 (Employer'sAccounting for Post-Retirement Benefits Other Than Pensions) by a large number of companies during the fourth quarter of 1992. Data for1993:1 also reflect adoption of Statement 106. Corporations must show the cumulative effect of a change in accounting principle in the firstquarter of the year in which the change is adopted.

Note.—Data are not necessarily comparable from one period to another due to changes in accounting principles, industry classifications,sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report for Manufacturing,Mining, and Trade Corporations," Department of Commerce, Bureau of the Census.

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


TABLE B-92.—Relation of profits after taxes to stockholders' equity and to sales, all manufacturingcorporations, 1947-99

Year or quarter

194719481949 :~ r: :19501951195219531954195519561957 r: ™195819591960i96i ;1962196319641965196619671968 :196919701971197219731973: IVNew series;1973: IV1974197519761977197819791980ISM v;/~"iz;i;r..;..: "...1982198319841985198619871988 2

1989199019911992 3

19931994

1996199719981997- 1

|| .IllIV

1998- 1||IIIIV

1999- 1IIIll

Ratio of profits after income taxes (annualrate) to stockholders' equity— percent1

Allmanufacturingcorporations

15.616.011.615.412.110.310.59.9

12.612.310.98.6

10.49.28.99.8

10.311.613.013.411.712.111.59.39.7

10.612.813.4

14.314.911.613.914.215.016.413.913.69.2

10.612.510.19.5

12.816.113.5

fl2.18.0

15.816.016.716.715.817.018.316.814.720.014.916.511.816.017.517.7

Durablegoods

industries

14.415.712.116.913.011.111.110.313.8

ft8.0

10.48.58.19.6

10.111.713.814.211.712.211.48.39.0

10.813.112.9

13.312.610.313.714.516.015.411.211.96.18.1

12.49.27.5

11.914.311.17.91.4

-5.1

iii15.415.716.316.415.019.715.515.123.413.314.314.716.719.016.3

Nondurablegoods

industries

16.616.211.214.111.29.79.99.6

11.411.810.69.2

10.4

H9.9

10.411.512.212.711.811.911.510.310.310.512.614.0

15.317.112.914.213.814.217.416.315.211.912.712.511.011.513.717.816.0

ft8.2

10.015.216.617.617.115.219.0

!B14.416.416.719.08.4

15.115.619.5

Profits after income taxes per dollar ofsales— cents

Allmanufacturingcorporations

6.77.05.87.14.94.34.34.5

H4.84.24.84.44.34.54.75.25.65.65.05.14.84.04.14.34.74.7

5.65.54.65.45.35.45.74.84.73.54.14.6

1!4.9

<5:13.92i2.85.4

tt6.25.96.56.86.35.47.8

if4.36.26.46.6

Durablegoods

industries

6.77.16.47.75.34.54.24.65.7

83.94.84.03.94.4a5.75.64.84.94.6

tt4.24.74.5

5.04.74.15.25.35.55.24.04.22.43.14.43.42.94.55.24.13.0

-1J1.85.35.25.55.85.95.56.95.75.38.64.75.25.26.26.86.1

Nondurablegoods

industries

6.76.85.46.54.5

44i4.45.15.34.94.44.94.84.74.74.95.45.5

ii5.25.04.54.54.44.85.0

6.16.45.15.55.35.36.15.65.14.44.94.8

tt5.26.65.74.84.13.13.75.56.06.56.76.07.56.67.15.5

H7.43.36.15.97.2

'Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end of quarter.'See footnote 3, Table B-91.3 See footnote 4, Table B-91.Note.—Based on data in millions of dollars.See Note, Table B-91.Source: Department of Commerce, Bureau of the Census.

413


TABLE B-93.—Common stock prices and yields, 1957-99

Year or month

195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 .!"!.!!.!'..!.!"!"!!".!'19901991199219931994199519961997199819991998- Jan

FebMarAprMayJuneJulvAug : ;:::Sept ::.:.:. .:::..OctNov .Dec

1999- JanFebMarAprMay :.:.JuneJuly . . . .A u g . . .SOct .."'"'."."""";NovDec

Common stock prices1

New York Stock Exchange indexes(Dec. 31, 1965=50)2

Composite

23.6724.5630.7330.0135.3733.4937.5143.7647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.3268.1074.0268.9392.6392.46

108.09136.00161.70149.91180.02183.46206.33229.01249.58254.12291.15358.17456.54550.26619.16504.13532.15560.70578.05574.46569.76

539.'l6506.56511.49564.26576.05595.43588.70603.69627.75635.62629.53648.83621.03607.87599.04634.22638.17

Industrial

46.1851.9758.0057.4448.0357.9265.7363.0848.0850.5260.4457.8658.2364.7678.7085.4478.18

107.45108.01123.79155.85195.31180.95216.23225.78258.14284.62299.99315.25367.34453.98574.52681.57774.78624.61660.91693.13711.89712.39704.14718.54665.66629.51636.62704.46717.00741.43736.20751.93780.84791.72783.96809.33778.82769.47753.94791.41808.28

Transpor-tation

50.2653.5150.5846.9632.1444.3550.1737.7431.8931.1039.5741.0943.5047.3460.6172.6160.4189.3685.63

104.11119.87140.39134.12175.28158.62173.99201.09242.49247.29269.41327.33414.60468.69491.60458.49485.73508.06523.73

503.89441.36408.75396.61442.95456.70479.72477.47491.25523.08537.88520.66528.72492.13462.33450.13474.78461.04

Utility3

90.8190.8688.3885.6074.4779.0576.9575.3859.5863.0073.9481.8478.4476.4174.6977.8179.4993.9992.89

113.49142.72148.59143.53174.87181.20185.32198.91228.90209.06220.30249.77283.82378.12473.73332.50341.91367.48378.92372.62376.51388.78372.48372.33390.17412.59431.14449.50436.49436.23456.96470.40482.71501.00483.68475.42478.19502.59511.64

Finance

44.4549.8265.8570.4960.0070.3878.3570.1249.6747.1452.9455.2556.6561.4264.2573.5271.9995.3489.28

114.21147.20146.48127.26151.88133.26150.82179.26216.42209.73238.45303.89424.48516.35530.86479.81508.97539.47563.07551.28548.57579.67511.22454.28448.12501.45510.31523.38514.75544.08564.99562.66546.43557.92521.59493.37490.92539.20510.99

DowJones

industrialaverage2

475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72753.19884.76950.71923.88759.37802.49974.92894.63820.23844.40891.41932.92884.36

1,190.341,178.481,328.231,792.762,275.992,060.822,508.912,678.942,929.333,284.293,522.063,793.774,493.765,742.897,441.158,625.52

10,464.887,808.358,323.618,709.479,037.449,080.078,872.969,097.148,478.527,909.798,164.479,005.759,018.689,345.869322.949,753.63

10,443.5010,853.8710,704.0211,052.2210,935.4710,714.0310,396.8810,809.8011,246.36

Standard& Poor's

compositeindex

(1941-43=10)2

44.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.2298.29

109.20107.4382.8586.16

102.0198.2096.02

103.01118.78128.05119.71160.41160.46186.84236.34286.83265.79322.84334.59376.18415.74451.41460.42541.72670.50873.43

1,085.501,327.33

963.361,023.741,076.831,112.201,108.421,108.391,156.581,074.621,020.641,032.471,144.431,190.051,248.771,246.581,281.661,334.761332.071,322.551,380.991,327.491,318.171,300.011,391.001,428.68

Common stock yields(S&P) (percent)4

Dividend-priceratio5

4.353.973.233.472.983.373.173.013.003.403.203.073.243.833.142.843.064.474.313.774.625.285.475.265.205.814.404.644.253.493.083.643.453.613.242.992.782.822.562.191.771.491.251.621.551.481.431.451.451.391.481.591.591.431.371.301.321.301.241.241.251.201.251.271.281.211.18

Earnings-priceratio6

7.896.235.785.904.625.825.505.325.596.635.735.676.086.455.415.507.12

11.599.158.90

10.7912.0313.4612.6611.9611.608.03

10.028.126.095.488.017.426.474.794.224.465.836.095.244.573.46

3.59

3.44

3.75

3.07

2.98

SB

343

1 Averages of daily closing prices, except NYSE data through May 1964 are averages of weekly closing prices.2 Includes stocks as follows: for NYSE, all stocks listed (more than 3,500); for Dow-Jones industrial average, 30 stocks; and for S&P com-

posite index, 500 stocks.3 Effective April 1993. the NYSE doubled the value of the utility index to facilitate trading of options and futures on the index. Annualindexes prior to 1993 reflect the doubling.4 Based on 500 stocks in the S&P composite index.5 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.6 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that quarter.Annual data are averages of quarterly ratios.

Note.—All data relate to stocks listed on the New York Stock Exchange.Sources: New York Stock Exchange (NYSE), Dow Jones & Co., Inc., and Standard & Poor's (S&P).

414


TABLE B-94.—Business formation and business failures,

Year or month

19551956195719581959I9601961

1965 III"."!!"!1966 . .1967 .,.! !19681969 !.!..!!!!!!!.19701971197219731974 !..!.!197519761977 .!! !!.!..!.!1978197919801981

1983198419851986 .198719881989 .19901991 .199219931994 !!.!.!!.!!.!!!!!'!199519961997 !..!.!..!.!..!!.!!

1997- JanFebMar ":!!!!!!!

8&::z:JuneJulyAugSeptOctNovDec

1998: JanFeb . . . .Mar

(6=JuneJulyAugSeptOctNov

Indexof net

businessformation(1967=

100)

96.694.6

97.994.590.892.694.498.299.899.3

100.0108.3115.8108.8111.1119.3119.1113.2109.9120.4130.8138.1138.3129.9124.8116.4117.5121.3120.9120.4121.2124.1124.8120.7115.2116.3121.1125.5

(3)(3)(3)

Newbusinessincorpo-rations

(number)

139,915141,163137,112150,781193,067182,713181,535182,057186,404197724203,897200,010206,569233,635274[267264,209287,577m319,149326,345375,766436,170478,019524,565533,520581,242566,942600,420634,991664,235702,738685,572685095676:565647,366628,604666,800706,537741,778766,988786,482798,779

Seasonally adjusted

33333

333333

333333

333333 72,992

69,2656358767,58765,35462,75672,70760,46566,81969,94558,15469,04166,41566,17863,40864,58559,45263,98370,72458,82761,446

Business failures^

Businessfailurerate2

4248:;52576461

535249

1?4442;;38

328

li4261

i?o107

iff102

If74

10711010986828088

"— •

Number offailures

Total

10,9691268613,73914,96414,05315,44517,07515,78214,3741350113,51413,06112,3649,6369,154

10,74810,3269,5669,3459,915

'$17,9196,6197,564

11,74216,79424,90831,33452,07857,25361,61661,11157,09750,36160,74788,14097,06986,13371,55871,12871,93183,384

7,3596,7937,4357,6457,1816^907,26568257,1467,426mw6,3456,5605,9046,2816,5755,8105,6826,5015,171

Liability size class

Under$100,000

10,11311,615m12,70713,65015,0061377212,19211,346

m10,1447,8297,1928,0197,611

6[733m4,8613,7123,9305,6828,233

11,5091557233,527m,38,949

40^83360,61768,26461,18850,81449,49549,66756,050

4,956

5^74482446844,8434,6904,7855,0714,0133^634,5744,6244,8174,2863,9624,1514,37839443,7154,2453,379

$100,000and over

8561,071m1,3461,795

i£155m2,2201,807\,%22,7292,715m3,182

3!058

VRj|18,'SSl20,7022270822,16218,79717,04919,91427,52328,80524,94520,74421,6332226427,334

2,4032,2612,5022,5712-3572,2062,4222,1352,361235519871,6681,6551,2231,5282,2741,9422,1302,1971,8661,967

$

Amount of current liabilities (millionsof dollars)

Total

449.4562.7

flH692.8938.6

1,090.11,213.6mm1,265.2

941.01,142.11,887.81,916.92,000.22,298.63,053.14,380.23;011.3

4,635.16,955.2

15,610.816,072.929,268.636,937.444,724.034,723.839,573.042,328.856,130.196,825.394,317.547,755.528,977.9

29;568J37,436.9

3,526.21,220.9

l!574!o1,225.43,180.0

l',406!71,685.71,817.82,985.42,472.81,033.01,114.61,392.41,311.22,535.41,613.32,578.63,373.01,410.6

Liability size class

Under$100,000

206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6

32l!5

24l!l231.3269.3

256.9m208.3164.7179.9272.5405.8541.7635.1409.8

746!0

ffi735.6

1,044.91,096.7

947.6845.0866.1914.9

1,111.3

92.188.299.4

108.497.294.598.386.494.199.280.972.565.347.860.187.483.785.989.776.881.195.475.8

$100,000and over

243.0322.9m413.9

8tt867.1

ttftimm910.8

1,618.41,645.61,741.52,063.0

2]887!02,491.32,487.54,362.66,549.3

28:858!836,513.543885.733,977.838,886.141658.255,394.595,780.4

28!l32!936,417.428,653.836,325.6

3,434.21,132.71,306.22,674.41,476.81,130.83,081.71,735.83,198.71,307.51,604.91,745.32,920.02,425.0

972.91,027.21,308.71,225.32,445.81,536.52,497.43,277.61,334.8

1 Commercial and industrial failures only through 1983, excluding failures of banks, railroads, real estate, insurance, holding, and financialcompanies, steamship lines, travel agencies, etc.

Data beginning 1984 are based on expanded coverage and new methodology and are therefore not generally comparable with earlier data.Series is under revision. Data are as last available and are subject to revision.2 Failure rate per 10,000 listed enterprises.3 Series discontinued in 1995.Sources-. Department of Commerce (Bureau of Economic Analysis) and The Dun & Bradstreet Corporation.

415


AGRICULTURE

TABLE B-95.—Farm income, 1945-99


Year or quarter

19451946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976 . .19771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999*

Income of farm operators from farming

Gross farm income

Total1

25.429.632.436.530.833.138.337.834.434.233.534.034.839.037.938.640.542.343.442.346.550.550.551.856.458.862.171.198.998.2

100.6102.9108.8128.4150.7149.3166.3164.1153.9168.0161.2156.1168.4177.9191.9198.0191.9200.5204.8216.1210.7235.7238.7233.1239.1

Cash marketing receipts

Total

21.724.829.630.227.828.532.932.531.029.829.530.429.733.533.634.035.236.537.537.339.443.442.844.248.250.552.761.186.992.488.995.496.2

112.4131.5139.7141.6142.6136.8142.8144.1135.4141.8151.2160.8169.5167.9171.3177.9181.3188.1199.1207.6196.8191.9

Livestockand

products

12.013.816.517.115.416.119.618.216.916.316.016.417.419.218.919.019.520.220.019.921.925.024.425.528.629.530.535.645.841.343.146.347.659.269.268.069.270.369.672.969.871.676.079.683.989.285.885.690.488.287.193.096.594.596.9

Crops

9.711.013.113.112.412.413.214.314.113.613.514.012.314.214.715.015.716.317.417.417.518.418.418.719.621.022.325.541.151.145.849.048.653.262.371.772.572.367.269.974.363.865.871.676.980.382.185.787.493.1

101.0106.2111.1102.295.1

Value ofinventorychanges2

-0.4.0

-1.81.7-.9

.81.2

-!e.2

~!e.8.0.4

!6.6

-.81.0

~>

'.1.0

1.4.9

3.4-1.6

3.4-1.5

1.11.95.0

-6.36.5

-1.4-10.9

6.0-2.3-2.2-2.3-4.1

3.83.3-.24.2

-4.28.3

-5.08.0

-LO-1.4

Produc-tion

expenses

13.114.517.018.818.019.522.322.821.521.822.222.723.725.827.227.428.630.331.631.833.636.538.239.542.144.547.151.764.671.075.082.788.9

103.2123.3133.1139.4140.3139.6142.0132.6125.2131.0139.9146.7153.3153.3152.6160.2166.8173.5180.8190.0189.0191.1

Net farmincome

12.315.115.417.712.813.615.915.013.012.411.311.311.113.210.711.212.012.111.810.512.914.012.312.314.314.415.019.534.427.325.520.219.925.227.416.126.923.814.226.028.630.937.438.045.344.738.747.944.549.237.254.948.644.148.1

1 Cash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney income produced byfarms.

2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.Note.—Data include net Commodity Credit Corporation loan transactions and operator residences.Source-. Department of Agriculture, Economic Research Service.

416


TABLE B-96.—Farm business balance sheet, 1950-98[Billions of dollars]

End of year

195019511952195319541955195619571958195919601961196219631964

196619671968196919701971197219731974 7

19751976 "...' '19771978197919801981198219831984198519861987198819891990199119921993 . . . . . .19941995199619971998 :..

Assets

Totalassets

121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0174.3181.6188.9196.7204.2220.8234.0246.0257.2267.8278.9301.7339.9418.5449.2510.8590.7651.5767.4898.1983.3982.3944.6943.4857.0772.7724.8756.5788.0813.7840.6844.2868.3910.2935.5966.7

1,003.91,051.61,064.3

Physical assets

Realestate

75.483.885.184.387.893.0

100.3106.4114.6121.2123.3129.1134.6142.4150.5161.5171.2180.9189.4195.3202.4217.6243.0

383.6456.5509.3601.8706.1782.8785.6750.0753.4661.8586.2542.4

582!3600.1619.1624.8640.8677.6704.1740.5769.5808.4822.8

Nonreal estate

Live-stockand

poul-try'

17.119.514.811.711.210.611.013.917.715.215.616.417.315.914.517.619.018.820.222.823.727.333.742.424.629.429.031.950.161.460.653.553.049.549.546.347.858.062.266.270.968.171.072.867.957.860.367.162.0

Machin-ery andmotor

vehicles

12.314.315.015.615.716.316.917.018.119.319.119.319.920.421.222.424.126.327.728.630.432.434.639.748.557.463.369.368.575.480.385.586.085.885.082.9

ft81.084.186.385.985.486.587.588.588.989.088.6

Crops2

7.18.27.96.87.56.56.86.46.96.26.46.5

H7.07.98.18.07.48.38.7

10.012.921.422.520.520.620.423.829.932.829.525.923.726.122.916.317.823.723.923.222.224.223.323.327.431.732.230.1

Pur-chased

in-puts'

•• ••"•"•

— "

2.01.22.13.23.52.62.82.63.93.85.03.44.45.15.3

Financial assets

Invest-ments

incooper-atives

2.72.93.23.33.53.74.04.24.54.84.24.5

if5.25.45.75.86.16.47.27.98.79.7

11.213.014.313.516.118.119.320.621.922.824.324.324.425.3

ili

^29.431.032.134.134.935.741.2

Other*

7.07.37.17.06.96.96.76.66.96.25.85.9

B5.86.06.06.16.36.46.56.76.97.16.96.96.97.07.17.37.47.67.88.18.39.0

fl10.410.410.911.813.615.315.515.014.114.014.2

Claims

Totalclaims

121.6136.1133.0128.7132.6137.0145.7154.5168.7173.0174.3181.6188.9196.7204.2220.8234.0246.0257.2267.8278.9301.7339.9418.5449.2510.8590.7651.5767.4898.1983.3982.3944.6943.4857.0772.7724.8756.5788.0813.7840.6844.2868.3910.2935.5966.7

1,003.91,051.61,064.3

Realestatedebt*

5.25.76.26.67.17.88.59.09.7

10.611.312.313.515.016.918.920.722.624.726.427.529.332.0

&45.350.558.466.779.789.798.8

101.8103.2106.7100.190.482.477.876.074.774.975.476.077.779.381.785.489.6

Non-real

estatedebt6

5.76.97.16.36.77.37.48.29.4

10.711.111.813.214.615.316.918.519.619.220.021.224.026.731.635.139.745.652.460.771.877.183.687.087.987.177.566.662.061.761.963.264.363.665.969.171.574.480.183.2

Propri-etors'equity

110.7123.7119.7115.8118.8121.9129.8137.3149.6151.7151.9157.5162.2167.1172.1185.0194.8203.9213.3221.4230.2248.5281.2350.9373.3425.8494.7540.7640.0746.6816.5799.9755.8752.4663.2595.1567.9612.1648.5675.9702.6705.0729.3768.3788.7815.9847.8886.1891.4

1 Excludes commercial broilers; excludes horses and mules beginning 1959; excludes turkeys beginning 1986.2 Non-Commodity Credit Corporation (CCC) crops held on farms plus value above loan rate for crops held under CCC.3 Includes fertilizer, chemicals, fuels, parts, feed, seed, and other supplies.4 Currency and demand deposits.Includes CCC storage and drying facilities loans.6 Does not include CCC crop loans.7 Beginning 1974, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.Note.—Data exclude operator households.Beginning 1959, data include Alaska and Hawaii.Source: Department of Agriculture, Economic Research Service.

417


TABLE B-97.—Farm output and productivity indexes, 1948-96[1992=100]

Year

19481949195019511952195319541955195619571958 : :1959I96019611962196319641965196619671968196919701971197219731974

19751976197719781979198019811982::::::::::::":::::::::::::::::::::::198319841985198619871988198919901991199219931994199519% ::::::::::::::::::::::"

Farmoutput

Total1

45454446484848505050525454565658585959626363636768716771727677827987877686898788

8;«107101106

Livestockandprod-ucts

4952545758

il626463646766696972747172757575787980817975798080828587868887899092

89598100100108110109

Crops

Total2

43403940424241424242464648484951495252545557556161656068687476837587876885

II86758692921009010696103

Feedcrops

47434443444345474651545457535456525958646264607271736172737884897691936190100

II628588

18761028398

Foodgrains

4741383748443937383653435147434550525259625754

888483787385941111089210195

il768310782100

$9093

Oil crops

17151816161618202323292527

il33344043455152535959715771608287105

81017687968988728887941008511599107

Productivityindicators3

Farmoutputper unitof totalfactorinput

4340404143434544454547474850515253555456585959636364616646770667476697884858783909392100

18100

* 106

Farmoutputper

unit offarmlabor

131414151617181819202323242626282931333638394043444546495055

864

%64748286878086928910098111110106

1 Gross production.2 Includes items not included in groups shown.3 See Table B-98 for farm inputs.Source-. Department of Agriculture, Economic Research Service.

418


TABLE B-98.—Farm input use, selected inputs, 1948-99

Year

1948 ....1949 ....1950...1951 . ..1952...1953...1954 . ..1955...1956...1957...1958...1959...I960.,1961 ...1962...1963 ....1964 ....1965 ....1966 ....1967 ....1968 ....1969 ....1970 ....1971 ....1972 ....1973 ....1974 ....1975 ....1976 ....1977 ....1978 ....1979 ....1980 ....1981 ....1982 ....1983 ....1984 ....1985 ....1986 ....1987 ....1988 ....1989 ....1990 ....1991 ....199219931994 .1995 ....1996 ....199719981999p

Farm population,April'

Number(thou-sands)

24,38324,194

m21,74819,87419,01919,07818,71217,65617,12816,59215,63514,8031431313,36712,95412,36311,59510,87510,45410,3079,7129,4259,6109,4729,2648,8648,2538 6,19486,5018 6,241

8 6,0518 5,8508 5,6288 5,7875,7545,3555,2264,9864,9514,8014,5914,632

Aspercentof totalpopula-tion*

16.616.215.214.213.912.511.711.511.1

•89.38.78.17.77.16.76.45.95.55.25.14.74.54.64.54.34.13.882.88 2.98 2.8

82.782.58 2.482.52.42.22.22.12.12.01.91.9

Farm employment(thousands)3

Total

10,3639,9649,9269,5469,1498,8648,6518,3817852m7,3427,0576,91967006,5186,1105,6105,2144,9034,7494,596

44364^3734,3374,3894,3314,3634,1433,9373,765

93*582

93*34993*.233

3,1162,9122,8972,9542,8632,8912,8772810

gg

^28672,8272*977

Self-em-

ployedand

unpaidwork-ers*

8,0267,7127,5977,3107,0056,7756,5706,3455,9005,6605,5215,3905,172m4,7384,5064,128

303,5353,419

mm3,0753,0212,9922,8522,6802,495

92*32492*24892,17192,095

2,018

1*8461 967l].9352,0001,9681944119421,9251,9672,0101990&

Hiredworkers

2,3372,252

2*2362*.1442,0892,0812,0361,9521,9401,9821,9521,8851,8901,8271,7801,6041,482

iS1,2131,1761,1751,1611,14611681,3141,3101,37112911,2561,270

91*258

•iin91*138

1,098

l',0511 037

*928892910866857842

9877

9

cropshar-

vested(mil-

lions ofacres)5

356360345344349

9340324

324324

298298298

300290

305

B328336

K338348

366

B348342325

297318

9319

£$333

S

Selected indexes ofinput use (1992=100)

Total

104111110112112110107112112111111114113111111111109108109109107108108107108nono108111109115118119116113nono106102101100100101102100101102101100

Farmlabor

335328315302293277270274259242231230224218216210198193180171165162

1144145

9132128

99116108101101103104102106100II18

Farmreal

estate

101102104106107108109nononononono107106107106106

9106105

185181no109nono109no112112no102108107104100100102101100100IIII

Durableequip-ment

6274

II103107112114115113111111112110108108no112115119124126127129129131139144

9156161

9163155147139

201308

8!100

g11

Ener-gy

7178

88689889191898788899193949697

II98

100

100U94

no124130136124121116109106no9891

102101100101100100103109104

culturalchemi-cals6

3133

38

II40424645455254595357636674796368717379859081908896

105119no90869997

105100919595

1001001051069097

Feed,seed,andpur-

chasedlive-

stock7

5860

88586668717576

£75777574808081868986

88883

8396

1031091031061089799999796919999

10010110210995

Other

chasedinputs

4678788385817880808386

1009997999897979899979390899095

10099

10210312212911711110410610899889599

103103104100110117121117

'Farm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms in ruralareas, regardless of occupation. See also footnote 8. Series discontinued in 1992.2Total 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 agriculturalemployment by the Department of Labor (see Table B-33) because of differences in the method of approach, in concepts of employment, andin time of month for which the data are collected.4Prior to 1982 this category was termed "family workers" and did not include nonfamily unpaid workers.5 Ac re age harvested plus acreages in fruits, tree nuts, and farm gardens.6 Fertilizer, lime, and pesticides.7 Includes purchases of broiler- and egg-type chicks and turkey poults and livestock imports for purposes other than immediate slaughter.8 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total population) for1977,1978.1979,1980,1981,1982, and 1983 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 7,014 and 3.1; 6,880 and 3.0;7,029 and 3.0. respectively.9 Basis for farm employment series was discontinued for 1981 through 1984. Employment is estimated for these years.

Note.-Population includes Alaska and Hawaii beginning 1960.Sources: Department of Agriculture (Economic Research Service) and Department of Commerce (Bureau of the Census).

419


TABLE B—99.—Indexes of prices received and prices paid by farmers, 1975—99[1990-92=100, except as noted]

Year ormonth

197519761977 .: :19781979

1980198119821983 .""".'".'19841985198619871988198919901991199219931994199519961997199819991998: Jan ...

Feb ....Mar ...Apr ....{fay...June ..July ...Aug ...Sept ..Oct ....Nov ...Dec ...

1999: Jan ...Feb ....Mar ...

a/Pay"-June ..July ...Aug ...

ff_Nov ...Dec ...

Prices received byfarmers

Allfarmprod-ucts

73757383949810094981019187899910410410098101100102112107101951031011021041031021021019999999897969696989795989691939?

Crops

88878389981071119810811198878610410910310110110210511212711610696109

if?114112106107103101100101100979898

18100959995888990

live-stockandprod-ucts

626464789089899088918688919310010599971009592999897959594959596989699989897979694959093959497

89895

Prices paid by farmers

Allcommod-

ities,services,interest,taxes,andwagerates1

47505358667582

II89868587919699100101104106109115118115115117117116116116115115114113114114114115115115115115115115115116117117118

Production items

Total2

55596167768592949294918687

899100101104106108115119113112116116114114114113113112110110111110111111111111111111111112112113114115

Feed

83838280899811099107112958883

!ft'§199102106103129125110101123122118114112110112107102100103104104103101102102101989999100100101

Live-stockandr,1-39474865888580787673747385919310210296104948275948895949591949288838380

::85909492928993929194101105110

Fertil-izer

87747272779610410510010398908694999710310096105121125121112105116115115114

IKffi110109108107107106107107106105104104104105104105

Agri-cul-turalchemi-cals

7278716667717783879090

1?895101103109112116119121122122123123123122122123122124120122122122122120121121120121121122124124123123

Fuels

404346486186989794939376767783100104

89891021068497969286899185827982817969696672889191

!??116114120174

Farmma-chin-ery

384347

86370768185858385899496100104107113120125128132134131131131132132132132132132134134134

i8134135135135135135132132133133

Farmserv-ices

4«

6688988

1889

9698103110110115116116115115115115115115115116116116116115114114114114114114115116116116116116115115

Rent

8

)6

95

55

4>

96100104100108117128136120117120120120120120120120120120120120120117117117117117117117117117117117117

Wagerates

444851

6570747677788185879596100105108111114117123129135131131131129129129125125125131131131137137137135135135131131131135135135

Adden-dum:

Averagefarmreal

estatevalueperacre(dol-lars)3

340397474

628737819823788801713640599632668683703713736798844887926974992974

992

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

1 Includes items used for family living, not shown separately.2 Includes other production items not shown separately.3 Average for 48 States. Annual data are: March 1 for 1975, February 1 for 1976-81, April 1 for 1982-85, February 1 for 1986-39, and

January 1 for 1990-99.Note.—Data on a 1990-92 base prior to 1975 have not been calculated by Department of Agriculture.Source-. Department of Agriculture, National Agricultural Statistics Service.

420


TABLE B-100.—U.S. exports and imports of agricultural commodities, 1940-99


Year

19401941194219431944194519461947194819491950195119521953195419551956195719581959I96019611962 . . . .19631964196519661967196819691970197119721973197419751976197719781979198019811982 .I::::.:..:..:.:.198319841985198619871988198919901991 . . .1992199319941995 . . . .1996 .....'19971998Jan-Nov:

19981999

Total1

05

1.22.12123314.0353.62.9403.42.83.13.2424.53.94.04.85.05.05.66.36.26.96.4636.07.37.794

17.721.921.923.023629.434.741243.3

37829.026228.737.1401

39 443142.946.256.360.457.251.8

47.043.9

Feedgrains

(4)4

<4)(4)(4)(4)01

.41

.2332

.34c

.6

.5

.8

.8

.91.11.31.1

99

111.0153.54.65.26.04 95.97.79.89.46.47.38160313.85.97 77.05.7575.04 78.29.46.05.0

4.55.1

Foodgrains2

(4)

01(*)\11

4

1.4151.1.6

1111

.5

.61010.8.9

121.41.3151.7141.81.51412141.3184.75.46.24.7365.56.3799.67.97.47545383.859714.842545.6536.77.45.25.0

4.64.3

Exports

Oil-seedsand

prod-ucts

(4)(4)4

011

(4)4

12.3.2320

.45.5

.66.6

!s1.0121.21.313n192.22 44.35.74.55.166828.9949.69.187845.8656.47.7635.76.47 27.3728.9

10.812.19.5

8.57.3

Cot-ton

021.1

135

5.9

1.011

9

8.57

10

.410.9

16

5

.534.65.9

1.31.01.0151.72.2292.32.018241.6

81.62.02 22.82.52 01.52 73.72.72.72.5

2.2.8

To-bacco

(4)

01212o2

.33.20

.43

.4

.4

.4

.44

'5fi5.57

!8.9.9

111.41.2131.51.51.5151.5121.11.3n1.41.4171.3131.41.41.61.5

1.31.2

Ani-malsand

prod-ucts

0138

1.213.9.9g»

.35.3

.5

.67

.7

.5

.66.6.6

.88

.7

89

1.0111.61.81.72.42 73.03.8384.23.938424.1455.26.46.46.77.1808.19.3

11.011.311.510.7

9.89.3

Total1

13171.31.5181.72.32.83.12.94.0524.54.24.04.0404.03.94.1383.73.94.04.1414.54.550SO585.8658.4

10.29.3

11.013.414.816.717416.915.316.519.320.021520.421.021922.922.924.825.227.130.333.736.337.1

33.934.5

Crops,fruits,and

tabfes3

(4)01(4).111i22

.22

.2

.222

2

'.3

3.4.455.67.8.8.8.9

121.51.7172.02.323313.5363.63.84 24.94.84.95.05.45.96.97.27.9

7.18.1

Imports

Ani-malsand

prod-ucts

02'3.5.43.4.4.46.4.7

11

.6

.54-j

.86

.99.89

1.21.113141615182.62.21.82.3233.13.9383.53.73.84.14.2454.95.2505.6

575.95.86.06.16.57.0

6.46.6

Cof-fee

012o

3

.3

.5

.6

.81.1141.4

1 51.41.41.41.21.11.01.01.01.01.2111.11.012

9

1212131.71.61.72.94 24.04.24.22.92.92.83.33.34.62.92.52.41.91.91.71.52.53.32.83.93.4

3.22.6

Cocoabeansand

prod-ucts

(4)(4)

(4)(4)(4)

(4)01

?

1

.22

.2

.3

.2

.2

.2

.2

.2

'.2.21

'223.22.3

.5

.61.01.41.2.9.9

'.81.11.41.11?1.01.01.11.11.11.01.01.11.41.51.7

1.51.4

culuraltrade

balance

-08-10

.63.5.8

1?.3

-1.1-11-1.1-1.3-.9-.8

2.6

(4)-.11.01.31.21.62.32.12.41.91311

1519299.3

11.712.612.010.214.618.023.8

2l'.319.618.59.14.78.3

16.118.216.616.518.317.719.126.026.720.914.7

13.19.4

1 Total includes items not shown separately.2 Rice, wheat, and wheat flour.includes nuts, fruits, and vegetable preparations.4 Less than $50 million.Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commodities are

defined as (1) nonmarine food products and (2) other products of agriculture which have not passed through complex processes of manufac-ture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and other charges to theport. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight, and marine insurance.

Source-. Department of Agriculture, Economic Research Service.

421


INTERNATIONAL STATISTICS

TABLE B-101.—U.S. international transactions, 1946-99[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (+), debits (-)]

Year orquarter

1946194719481949195019511952195319541955 II1956195719581959

19601961

19631964 II"19651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996 .1'.!199719981997:

1IIIllIV

1998:

II II"IIIIV

1999:1II

Goods1

Exports

11,76416,09713,26512,21310,20314,24313,44912,41212,92914,42417,55619,56216,41416,45819,65020,10820,78122,27225,50126,46129,31030,66633,62636,41442,46943,31949,38171,41098,306

107088114,745120,816142,075184,439224,250237,044211,157201,799219,926215,915223,344250,208320,230362,120389,307416,913m502,398575,845612,057679,715670,246

162,979169,895173,447173,394

170,665165,198164,259170,124

164,292165,862173,578

Imports

-5,067-5,973-7,557-6,874-9,081

-11,176-10,838-10,975-10353-11,527-12,803-13,291-12,952-15,310-14,758-14,537-16,260-17048-18,700-21,510-25,493-26,866-32,991-35,807-39,866-45,579-55,797-70,499

-103,811-98185

-124,228-151,907-176,002-212,007-249,750-265,067-247,642-268,901-332,418-338,088-368,425-409,765-447,189-477,365-498,337-490,981-536,458-589,441-668,590-749,574-803,327-876,366-917,178

-212,187-217,773-222,362-224,044

-225,541-228,698-229,228-233,711

-238,495-250274-265,723

Balanceon goods

6,69710,1245,7085,3391,1223,0672,6111,4372,5762,8974,7536,2713,4621,1484,8925,5714,52152246,8014,9513,8173,800

635607

2,603-2,260-6,416

911-5,505

8,903-9,483

-31,091-33,927-27,568-25,500-28,023-36,485-67,102

-112,492-122,173-145,081-159,557-126,959-115,245-109,030-74,068-96,106

-132,609-166,192-173,729-191,270-196,651-246,932

-49,208-47878-481915-50,650

-54,876-63,500-64,969-63,587

-74,203-84,412-92,145

Services

Netmilitarytransac-tions23

-424-358-351-410-56169528

1,753902

-113-221-423-849-831

-1,057-1,131

-912-742-794-487

-1,043-1,187

-596-718-641

6531,072

740165

1,461931

1,731857

-1,313-1,822

-844112

-563-2,547-4,390-5,181-3,844-6,320-6,749-7,599-5,274-1,448

1,3852,5704,6004,7075,8634,314

1,3142,0961,509

944

1,5081,428

675

837506407

Nettravel

andtranspor-

tationreceipts

733946374230

-12029883

-238-269-297-361-189-633-821-964-978

-1,152-1,309-1,146-1,280-1,331-1,750-1,548-1,763-2,038-2,345-3,063-3,158-3,184-2,812-2,558-3,565-3,573-2,935

-997144

-992-4,227-8,438-91798-8,779-8,010-3,013

3,5517,501

16,56119,96919,71416,30521,772m10,405

5,9565,4655,3875,143

3,4712,9971,6852,251

1,9471,770

826

fithorutnerservices,

net

310145175208242254309307305299447482486573639732912

1,0361,1611,4801,4971,7421,7591,9642,3302,6492,9653,4064,2314,8545,0275,6806,8797,2518,912

12,55213,20914,12414,40414,48319,25418,65820,83626,934

m40,55941,57148,92249,81857,27664,11067,931

15,32616,12816,29616,362

16,55917,11416,85717,399

17,44517,05117,087

Balanceon goods

andservices

7,31610,8575,9065,3671,1883,7883,5313,2593,5142,7864,6186,1412,466

693,5084,1953,3704,2106,0224,6642,9402,604

25091

2,254-1,303-5,443

1,900-4,29212,404-6,082

-27246-29,763-24,565-19,407-16,172-24,156-57,767

-109,073-121,880-139,786-152,753-115,455-91,509-79,939-29,484-37,025-69,940-98,395-97,539

-104,318-104,730-164,282

-26,612-24,189-25,723-28,201

-33,338-41,961-45,724-43,262

-53,974-65,085-73,825

Income receipts and payments

Receipts

7721,1021,9211,8312,0682,6332,7512,7362,9293,40638374,1803,7904,1324,6164,9995,6186,1576,8247,4377,5288,0219367

10,'91311,74812,70714,76521,80827,58725,35129,37532,35442,08863,834

m91,69090,050

108,95898,73697,274

108,428137,000161,566172,078149,558132,523134,621165,968212,233224,619258,663258,324

61,60365,43066,58065,050

66,45866,57462,20963,081

64,028

Payments

-212-245-437-476-559-583-555-624-582-676-735-796-825

-1,061-1,238-1,245-1324-1,560-1,783-2,088-2,481-2,747-3,378-4,869-5,515-5,435-6,572-9,655

-12084-12,564-13,311-14,217-21,680-32,961-42,532-53,626-56,572-53,703-73,977-73,156-81,907-94,273

-118,452-141,842-143,649-125,608-110,253-111,445-150,061-192,823-207,409-255,432-270,529

-60,542-63,218-66,376-65,297

-66,211-67,127-69,174-68,014

-68,368-71,469-74,483

Balanceon income

560857

1,4841,3551,5092,0502,1962,1122,347

&3,3842,9653,0713,37937554,2944,5965,0415,3505,0475,2745,9906,0446,23372728,192

12,15315,50312,78716,06318,137

i§$m35,118

25158015,36814,15518,54819,72428,429m23,17615,90719,410171210

1,0612,212

204-247

247-553

-6,965-4,933

-4,340-4,612-4,920

Unilateralcurrent

transfers,net3

-2,991-2,722-4,973-5,849-4,537-4,954-5,113-6,657-5642-5,086-4,990-4,763-4,647-4,422-4,062-4,127-4,277-4,392-4,240-4,583-4,955-5,294-5,629-5,735-6,156-7,402-8,544-6,9134-9,249-7,075-5,686-5,226-5,788-6,593-8,349

-11,702-17,139-17,778

-22>62-24,818-24,047-26,139-27,116-27,821

9,819-35,873-38,522-39,192-35,437-42,187-41,966-44,075

-9,347-9,494

IHJBO-9,927-9,886

-10,787-13,474

-10,340-11,212-11,204

Balanceon

currentaccount

4,8858,9922417

873-1,840

884614

-1,286219430

2,7304,762

784-1,282

2,824m4,4146,8235,4313,0312,583

611399

2,331-1,433-5,795

7,1401,962

18,1164,295

-14,335-15,143

5,'030-6,177

-39,198-94,753

-119,062-149,236-162,645-123,046-98,900-79,332

4,284-50,629-85,286

-121,680-113,566-129,295-143,465-220,562

-34,898-31,471-35,615-4&T8

-43,018-52,400-63,476-61,669

-68,654-80,909-89,949

Adjusted from Census data for differences in valuation, coverage, and timing; excludes military.2 Quarterly data are not seasonally adjusted.3 Includes transfers of goods and services under U.S. military grant programs.See next page for continuation of table.

422


TABLE B-101.—U.S. international transactions, 1946-99—Continued[Millions of dollars; quarterly data seasonally adjusted, except as noted]

Year orquarter

19461947194819491950195119521953195419551956195719581959 . .I96019611962196319641965 . ..196619671968196919701971197219731974197519761977197819791980 . . .19811982 "1983

198519861987

1990199119921993 .!!!'.!!.!.!.199419951996 ;....;... .199719981997:

II ""'"""IIIIV

1998:

11 ..IllIV

1999:

IIlib "..'....!.

Capitalaccount2

199aUf365493336

-6,579-4479

612-88

-469372672292617

13556

11143160148166

166178166

Financial account

U.S.-owned assets abroad, net[increase/capital outflow (-)]

Total

-4,099-5,538-4,174-7,270-9,560-5,716-7,321-9,757

-10,977-11,585-8,470

-11,758-13,787-22,874-34,745-39,703-51,269-34,785-61,130-64,915-85,815

-113,054-127,825-66,423-40,515-44,946

-111,933-79,540

-106,860-175,662-81,570-64,732-74,877

-201,014-176,586-330,675-380,762-465,296-292,818

-144,665-91,124

-112,578-116,929

-59,599-120,517-62,097-50,607

-15,148-154,713-101,483

U.S.officialreserve

assets25

-623-3,315-1,736

-2661,758-33

-4151,256

480182

-869-1,165

2,2921,0352,145

6071,535

378171

1,22557053

-870-1,179

m706158

-1,467-849

-2,558-375

7326

-7,003-4,082-4,965-1,196-3,131-3,858

3129,149

-3,912-25,293-2,158

57633,901

-1,3795,346

-9,7426,668

-1,010-6,784

4,480-236-730

-4,524

-444-1,945-2,026-2,369

4,0681,1591,950

Other U.S.Govern-

mentassets2

-1,100-910

-1,085-1,662-1,680-1,605-1,543-2,423-2,274-2,200-1,589-1,884

$8'366

-3,474-4,214-3,693-4,660-3,746-5,162-5,097-6,131-5,006-5,489-2,821-2,022

1,0062,9671,2332,3172924

-1,667-351-390-984-989

-4?9

-76-298

37765

-81-483

»119

-392-673

IKS.privateassets

-5,144-5,235-4,623-5,986-8,050-5,336-6,347-7,386-7,833-8,206

-10,229-12940-12,925-20,388-33,643-35,380-44,498-30,717-57202-61,176-73,651

-103,875-116,729-60,222-31,896-38,268

-110,224-89,694

-105,915-151,602-81,729-73,419-77,111

-199,284-181,542-319,949-386,441-464,354-285,605

-149,069-90,590

-112,225-112,470

-59,074-118,089-60,256-48,188

-19,335-155,480-102,760

Foreign-owned assets in the U.S., net[increase/capital inflow (+)]

Total

2,2942,7051,9113,2173,643

7423,6617,3799,928

12,7026,359

22,97021,46118,38835,34117,17038,01853,21967,03640,85262,612

88783117,973146,452230,345249,016246,948225,307142,028111,332171,815283,230307,306467,552574,847751,661502,637

185,303152,767188,126225,466

96,817162,46693547

149,805

88,860274,271207,153

Foreign of-ficial as-

sets2

1,473765

1,2701,9861,660

134-6723,451-774

-1,3016,908

26,87910,4756,026

10,5467,027

17,69336,81633,678

-13,66515,49749603,5935,8453,140

-1,119m39,7588,503

33,9101738940,47771,75339,583

109,880127,39018,119

-21,684

27,524-6,17723,260

-26,488

11,004-10,551-46,489

24,352

4,708-628

12,106

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002-550

-3,90910,98612,36224,79610,14320,326

m54,51647,11581,27292,98682,938

114,833147,570194,696203,629207,190216,804108,11893,944

131,338211,477267,723357,672447,457733,542524,321

157,779158,944164,866251,954

85,813173,017140,036125,453

84,152274,899195,047

Statisticaldiscrepancy

Total(sum of

theitems

with signreversed)

-1,019-989

-1,124-360-907-457

629-205

438-1,516

-219-9,779-1,879-2,654-2,558

4,4178,955

-4,0999,236

24,34920,88621,79237,22416,63017,05917,24230,524-7,196

-17,53548,92025,454

-46,405-46921

3,157-«,571

-23,683-65,462

-14319210,126

-5,875-30,228-39952-67;i41

5,65710,29131,878

-37,695

-5,224-38,827-15887

Ofwhich:

Seasonaladjust-ment

discrep-ancy

4,724-682

5,915528

-10,5824,144

5,264276

-10,2094 Includes extraordinary U.S. Government transactions with India.5 Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).Source: Department of Commerce, Bureau of Economic Analysis.

423


TABLE B-102.—U.S. international trade in goods by principal end-use category, 1965-99[Billions of dollars; quarterly data seasonally adjusted]

Year orquarter

19651966196719681969 . . . .197019711972197319741975197619771978 »19791980198119821983198419851986 .'.'..'.I..!198719881989199019911992199319941995199619971998 I.I!"...'.1997:1

IIIll . .IV

1998-1IIIllIV

1999:1IIl l l />

Exports

Total

26.529.330.733.636.442.543.349.471.498.3

107.1114.7120.8142.1184.4224.3237.0211.2201.8219.9215.9223.3250.2320.2362.1389.3416.9440.4456.8502.4575.8612.1679.7670.2163.0169.9173.4173.4170.7165.2164.3170.1164.3165.9173.6

Agri-cul-turalprod-ucts

6.36.96.56.36.17.47.89.5

18.022.422.223.4

fti35.542.044.137.337.138.429.627.229.838.842.240.240.144.043.747.157.261.558.453.114.514.514.415.114.013.212.313.611.812.312.9

Nonagricultural products

Total

20.222.424.227.330.335.135.539.953.475.984.891.496.5

112.2149.0182.2193.0173.9164.7181.5186.3196.2220.4281.4319.9349.1376.8396.3413.1455.3518.6550.6621.3617.1148.5155.4159.1158.3156.6152.0152.0156.5152.5153.6160.6

Indus-trial

suppliesand

mate-rials

7.68.28.59.6

10.312.310.911.917.026.326.828.429.834.252.265.163.657.752.756.854.859.463.782.691.896.9

101.7101.7105.0112.6

m147.7138.536.037.736.937.036.234.533.734.232.233.235.0

Capitalgoodsexceptauto-

motive

8.18.99.9

11.112.414.715.416.922.030.936.639.139.847.560.276.384.276.571.777.079.382.892.7

119.1138.9152.5166.5176.1182.1205.2233.8253.3295.7300.1

69.573.377.076.075.272.974.877.375.474.979.7

Auto-motive

1.92.42.83.53.93.94.75.56.98.6

10.612.113.415.217.917.419.717.218.522.424.925.127.633.434.936.540.047.052.557.861.865.074.073.217.618.319.119.019.318.117.118.717.918.819.0

Other

2.62.93.03.23.74.34.55.67.6

10.010.811.7

!i!18.723.425.522.421.825.327.228.936.446.354.363.268.671.573.579.887.594.3

103.8105.425.4

26.326.026.526.526.326.926.827.0

Imports

Total

21.525.526.933.035.839.945.655.870.5

103.898.2

124.2151.9176.0212.0249.8265.1247.6268.9332.4338.1368.4409.8447.2477.4498.3491.0536.5589.4668.6749.6803.3876.4917.2212.2217.8222.4224.0225.5228.7229.2233.7238.5250.3265.7

Petro-leumand

prod-ucts

2.02.12.12.42.62.93.74.78.4

26.627.034.645.042.660.479.578.462.055.158.151.434.342.939.650.962.351.751.651.551.356.272.771.850.919.417.717.617.113.613.412.511.510.615.919.6

Nonpetroleum products

Total

19.523.424.830.633.236.941.951.162.177.271.289.7

106.9133.4151.6170.2186.7185.7213.8274.4286.7334.1366.8407.6426.5436.1439.2484.9538.0617.3693.4730.6804.6866.3192.8200.1204.8206.9211.9215.3216.8222.3227.9234.4246.1

Indus-trial

suppliesand

mate-rials

9.110.210.012.011.812.413.816.319.627.824.029.835.740.747.553.056.148.653.766.162.669.970.883.184.582.981.289.0

101.0113.7128.9136.7145.6152.235.937.136.036.537.738.438.637.436.437.340.4

Capitalgoodsexceptauto-motive

1.52.22.52.83.44.04.35.98.39.8

10.212.314.019.324.631.637.138.443.760.461.372.085.1

102.2112.2116.1120.8134.3152.3184.4221.4228.1253.3269.6

59.362.665.565.966.767.367.068.569.872.975.6

Auto-motive

0.91.82.44.04.95.57.48.7

10.312.011.716.218.625.026.628.331.034.343.056.564.978.185.287.987.488.585.791.8

102.4118.3123.8128.9139.8149.135.034.635.434.936.336.336.140.342.943.846.5

Other

8.09.29.9

11.813.015.016.420.223.927.525.331.438.648.452.857.462.464.373.391.497.9

114.2125.7134.4142.5148.6151.5169.8182.3201.0219.3236.8265.9295.5

62.765.867.969.671.273.375.076.078.880.383.6

1 End-use categories beginning 1978 are not strictly comparable with data for earlier periods. See Survey of Current Business, June 1988.Note.—Data are on an international transactions basis and exclude military.In June 1990, end-use categories for goods exports were redefined to include reexports,- beginning with data for 1978, reexports (exports of

foreign goods) are assigned to detailed end-use categories in the same manner as exports of domestic goods.Source: Department of Commerce, Bureau of Economic Analysis.

424


TABLE B-103.—US. international trade in goods by area, 1990-99[Billions of dollars]

Item

EXPORTSIndustrial countries

CanadaJapanWestern Europe2

Australia, New Zealand,and South AfricaAustralia

Other countries, exceptEastern EuropeOPEC3

Other4

Eastern Europe2

International organizationsand unallocated

IMPORTSIndustrial countries

CanadaJapan . .Western Europe2



Other4

Eastern Europe2


BALANCE (excess ofexports +)Industrial countries

CanadaJapanWestern Europe2



Other4

Eastern Europe2


1990

3893253.883547.8

1114

11.28.3

130.612.7

11794.3

64983299.993.1904

109.2

7.344

196.137.0

15912.3

-1090-46.1-96

-42.62.2

3.93.9

-65.5-24.3-41.2

2.1

.6

1991

4169261.385947.2

1168

11.48.3

150.418.4

13204.8

4

4910294.393.0923

102.0

7.041

194.933.4

16151.8

-741-33.0-71

-45.014.8

4.44.2

-44.5-15.0-295

3.0

.4

1992

4404265.191446.9

1145

12.48.7

169.519.7

14985.6

1

5365316.3100.9974

111.4

6.63.7

218.232.4

18582.0

-96.1-51.2-95

-50.53.1

5.85.0

-48.7-12.7-36.0

3.7

.1

1993

4568270.6101246.7

1113

11.58.1

179.818.7

16116.2

25894347.8113.31072120.9

6.433

238.132.6

20543.5

-1326-77.2-122-60.5-9.7

5.24.8

-58.3-14.0-44.3

2.7

.2

1994

502.4295.2114851.8

1153

13.29.6

201.717.1

18465.3

1

6686389.8131.11191132.9

6.73.2

272.931.7

24135.8

-166.2-94.6-163-67.3-17.6

6.66.4

-71.2-14.6-56.6

-.5

.1

1995

5758338.1127663.1

1325

15.010.5

232.018.3

21375.7

7496425.4147.1123.5147.7

7.13.4

317.234.3

28297.0

-173.7-87.3-19.6-60.3-15.2

7.97.1

-85.2-15.9-69.2-1.3

1996

6121355.7135266.0

1380

16.611.7

249.120.2

22897.3

8033443.2158.7115.2161.7

7.73.9

353.242.7

31057.0

-191.3-87.5-23.5-49.2-23.6

8.97.8

-104.1-22.4-81.6

.3

1997

6797386.5152164.6

1530

16.911.9

285.524.2

26137.7

8764476.5170.1121.7175.8

9.04.9

391.444.0

347.48.5

-196.7-90.0-18.0-57.1-22.8

7.97.0

-105.9-19.9-86.1

-.7

1998

6702389.8156856.6

1591

17.211.8

273.123.4

24977.4

917.2501.7175.8121.9194.0

10.15.4

404.533.9

370.610.9

-246.9-112.0-19.0-65.3-34.9

7.26.4

-131.4-10.5

-120.9-3.5

1999 first3 quartersat annual

rate1

671.6396.6164855.9

1604

15.411.1

269.717.0

252.75.4

1,006 0545.1198.0128.2208.7

10.15.3

449.739.2

410.511.2

-334.3-148.5-33.2-72.3-48.3

5.35.8

-180.0-22.1

-157.8-5.8

'Preliminary; seasonally adjusted.2 The former German Democratic Republic (East Germany) included in Western Europe beginning fourth quarter 1990 and in Eastern Europe

prior to that time.3 Organization of Petroleum Exporting Countries, consisting of Algeria, Ecuador (through 1992), Gabon (through 1994), Indonesia, Iran, Iraq,Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.

4 Latin America, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.

Note.—Data are on an international transactions basis and exclude military.Source: Department of Commerce, Bureau of Economic Analysis.

425


TABLE B—104.—U.S. international trade in goods on balance of payments (BOP) and Census basis,and trade in services on BOP basis, 1974-99

[Billions of dollars; monthly data seasonally adjusted]

Year or month

1974197519761977197819791980

19811982198319841985 .""'."""".19861987 . . . .198819891990199119921993199419951996199719981998: Jan

Feb ...MarAprMayJuneJulyAugSeptOctNovDec

1999JanFebMarAprNfayJune .. ..JulyAugSeptOctNov* . ..

Goods: Exports(f.a.s. value)12

Total,BOP

basis3

Census basis (by end-use category)

Total,Censusbasis34

Foods,feeds,

andbev-

ages

Indus-trialsup-pliesandma-

terials

Cap-ital

goodsexceptauto-mo-tive

Auto-mo-tivevehi-cles,parts,anden-

gines

Con-sumergoodsInon-food)

exceptauto-mo-tive

F.a.s. value2

9831071114.7120.814211844224.3

237.0211.2201.8219.9215.9223.3?50.2

362.1389.3416.9440.4456.8502.4575.8612.1

*$57.756.556.455.354.955.054.254.655.557.256.956.055.354.754.355.355.155.555.959.158.958959.5

9941089116.8123.214581864225.6

238.7216.4205.6224.07 218.87 227.2?54.1322.4363.8393.6421.7448.2465.1512.6584.7

689-2

58.457.357.356.055.655.955.155.956.458.458.557.256.255855.456.356,356.756.960.060.159860.2

31.330.931.5?4.022.3?4.332.337.235.135.740.340.642.050.555,551.5464

4,14.24.0

H3.93.73,73.34.0394.03.6363.6373.73.83.83.94,0403.8

61,756.761.758.557.366.785.199.3

104.4109.7109.1111.8121.4146.2147,7158.21483"13,3

12.717.712.412.512.011.91?,112.012.41?511.811.311411.411611,711.711.512.513,113313.9

77767.272.073.975.886.?

109.2138.8152,7166.7175.9181.7205.0233.07530294.5799675324.974.624.174.024.774.974,325.576,175725.525.674974.975175.024.875.727.476,776426.6

15716.820.627.921.774.629.334.837.440.047.057.457.861.865074.073?6.46.46.5

B5.85.159

6.26,36.26.06.05.86?6.16.56.16.76.2fn6.2

14313.413.317.614.217.723.136.443,345.951.454.760.064.470,177.47936.66.56,56.66.56.76.76.76.76.6666.56.66.86.5676.56.56.76.66.9677.0

Goods.- Imports (customs value, except asnoted)5

Total,BOPbasis

Census basis (by end-use category)

Total,Censusbasis4

Foods,feeds,

andbev-

ages

Indus-trialsup-pliesandma-

terials

Cap-ital

goods

auto-mo-tive

Auto-mo-tivevehi-cles,parts,anden-

gines

Con-sumer

ex-8llfA_

tive

F.a.s. value2

103898 2

174?Ill 917607170249.8

103399 3

124.6151.517612103245.3

Customs value

?fiS17476268.9332.4338.1368.4409,8447.7477.4498,3491.0536.5589.4668.6749.6803.3876.4917?

74,974.076,676.277.175.475.276,977.178.778577.178.679,980.080683.086.787.389.389.190792.0

261.0244.0258.0

«330.7«336.5

365.4406.2441.0473.2495.3488.5532.7580.7663.3743.5795.3869.7911.9

74.373.876.175.976.875.174.976.276.577.677.976.878.479.779.880.382.886.487.1

SS90.291.1

17.118.221.071.924.474.824.825.176.626.527.677.931.033.235.739.741?3.33.53.43.43.43.53.53.43.43.43.43.53.53.53.4353.63.83.73.73.7363.7

117,0107.0123.7113.9101.3111.0118.3132.3143.7131.6138.6145.6162.1181.8704.5213.87001

17.116.816.717.317.516.716.616.916.516.516.715.315.515.416.017,018.018.218.719.970.3?0820.8

35,440.959.865.171.884.5

101.4113.3116.4170.7134.3157,4184.4221.4778.1253.3769 fi

?1.9

22 722.122.922.322.322 322.422.973.122.5

t l6

23.073374.725.575.525.174.975R26.2

33340.8

78.285,787.786.187385.791.8

107,4118.3123.8128.9139.81491

11.811.917.612.112.411.811.01?.312.813.013.413.914.014.314.613,714.615.515.515.715.41S115.5

39.744.960.068.379.488.795.9

102.9105.7108.0122.7134.0146.3159.9172.0193.8216.5

17.416.918.018.118.018.118.318.118.318.418.518.418.919418.919.418,919.970.220.270.320.921.2

Services(BOP basis)

Ex-ports

22625528.031.536439747.6

57.464.164.371.273.285.497.6

110.0126.2146.8163.0175.6185.0199.7217.6237.7258.8263.721.621.522.022.722.321.721.721.621.822.422.222.222.622.372.722.822.823.172.923.073.123.423.3

Imports

21422024.627.632236.741.5

45.551.755.067.772.980.190.898.5

102.5117.7118.5116.5122.3131.9141.4150.8166.9181.014.414.714.615.114.915.115.315.215.315.815.315.315.415.716.416.316,416.616.816.917.017.217.4

1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excluded fromtotal exports through 1985 and included beginning 1986.

2 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.3 Includes undocumented exports to Canada through 1988. Beginning 1989, undocumented exports to Canada are included in the appro-

priate end-use category.4 Total includes "other" exports or imports, not shown separately.5 Tot a I arrivals of imported goods other than intransit shipments.6Total includes revisions not reflected in detail.7 Total exports are on a revised statistical month basis; end-use categories are on a statistical month basis.Note.—Goods on a Census basis are adjusted to a BOP basis by the Bureau of Economic Analysis, in line with concepts and definitions

used to prepare international and national accounts. The adjustments are necessary to supplement coverage of Census data, to eliminateduplication of transactions recorded elsewhere in international accounts, and to value transactions according to a standard definition.

Data include trade of the U.S. Virgin Islands.Source: Department of Commerce (Bureau of the Census and Bureau of Economic Analysis).

426


TABLE B-105.—International investment position of the United States at year-end, 1990-98


Type ofinvestment

NET INTERNATIONAL INVESTMENT POSITION OF THEUNITED STATES:

With direct investment at current costWith direct investment at market value

U.S.-OWNEO ASSETS ABROAD:With direct investment at current costWith direct investment at market value

U S official reserve assetsGold * .Special drawing rights ...Reserve position in the International Monetary

FundForeign currencies

U.S. Government assets, other than official reservesU.S. credits and other long-term assets

Repayable in dollars

U.S. foreign currency holdings and U.S. short-term assets

U.S. private assets:with direct investment at current costWith direct investment at market value .

Direct investment abroad:At current costAt market value

Foreign securitiesBondsCorporate stocks

U.S. claims on unaffiliated foreignersreported by U.S. nonbanking concerns

U.S. claims reported by U.S. banks, not includedelsewhere

FOREIGN-OWNED ASSETS IN THE UNITED STATES:With direct investment at current costWith direct investment at market value

Foreign official assets in the United Statesu S Government securities

U.S. Treasury securitiesOther . .

Other U S Government liabilitiesU.S. liabilities reported by U.S. banks, not in-

cluded elsewhereOther foreign official assets

Other foreign assets in the United States:With direct investment at current costWith direct investment at market value

Direct investment in the United States:At current costAt market value

U S Treasury securitiesU.S currencyU.S. securities other than U.S. Treasury securities

Corporate and other bondsCorporate stocks

U.S. liabilities to unaffiliated foreigners reportedby U S nonbanking concerns

U.S. liabilities reported by U.S. banks, not in-cluded elsewhere

1990

-240.6-166.8

2,150.02,291.7

17471024

11.0

9.1522

82.081.480.013

.6

2*035 1

590.0731.83423144.71976

265.3

695.7

2,390.52;458.6

3733291.2285.9

5317.2

39.9249

2,017.22,085.3

471.653961525

85.9460.6238.9221.7

213.4

633.3

1991

-301.6-263.1

2,254.52,468.4

1592

11.2

9545979.177.576.312

1.6

2,016.122300

613.7827.54558176.82790

256.3

690.4

2,556.12,731.4

3985311.2306.0

5.218.6

38.4303

m493.766911703101.3546.0274.1271.9

208.9

637.2

1992

^21.1-454.6

2,298.62,464.2

14748728.5

118400

80.779.178.011

1.6

2*236 0

633.1798.6515.1200.83143

254.3

668.0

2,719.72,918.8

4373329.3322.6

6720.8

55.0

2,282.52,481.5

497.169621977114.8599.4299.3300.2

220.7

652.7

1993

-295.3-180.4

2,718.43,055.3

16491026

9.0

118415

W78110

1.9

2,472.528093

690.71,027.5

8535309.75439

242.0

686.2

3,013.73,235.7

5094381.7373.1

8.622.1

69.7359

2,504.32,726.3

546.476842215133.7696.4355.8340.6

229.0

677.1

1994

-300.5-174.3

2,956.83,276.1

1634lOO'l

10.0

12041280.177.877.3

5

2.3

2,713.330326

748.51,067.8

9487321.26275

323.0

693.1

3,257.33,450.4

5352407.2396.9

10.323.7

73.4310

2,722.12,915.2

564.7757.92357157.2739.7368.1371.6

239.8

784.9

1995

-500.2-422.6

3,405.83,869.7

17611013

11.0

14649181.178.578.1

4

2.5

3,148.63 612 5

843.31,307.211696

392.87768

367.6

768.1

3,905.94;292.3

6717497.8482.8

15.023.6

107.443.0

3,234.23,620.6

619.41,005.7

3585169.5971.4481.2490.1

300.4

815.0

1996

-578.7-547.5

3,958.54,544.5

160796710.3

15438382.079.679.3

4

2.4

3,715.743017

940.21,526.214680

465.110029

450.0

857.5

4,537.25,092.0

799.0610.5590.7

19.823.3

113.152.2

3,738.24,293.0

674.31,229.1

5026186.8

1,199.5588.0611.4

346.7

828.2

1997

-968.2-1,066.3

4,508.65,288.9

134875.910.0

18.130882.079.679.3

3

2.4

4,291.85,072.1

1,004.21,784.51,739.4

538.412010

562.4

985.8

5,476.86,355.2

835.7614.5589.8

24.721.5

135.464.3

4,641.15,519.4

764.01,642.4

662.2211.6

1,578.7715.2863.5

453.6

971.0

1998

-1,239.2-1,537.5

4,930.95,948.0

146075.310.6

24.136082.480.279.9

3

2.2

4,702.55,719.6

1,123.42,140.51,969.0

561.81 407.1

596.2

1,013.9

6,170.17,485.4

836.1620.2589.0

31.318.3

123.973.5

5,334.06,649.4

878.72,194.1

727.3228.3

2,021.8900.7

1,121.1

460.8

1,017.11 Valued at market price.Note.—For details regarding these data, see Survey of Current Business, July 1999.Source: Department of Commerce, Bureau of Economic Analysis.

427


TABLE B-106.—Industrial production and consumer prices, major industrial countries, 1975-99

Year or quarter

19751976197719781979198019811982"'" :'"""..:.:'...:.":'.:'.:198319841985198619871988{gig ::::::"::::199019911992199319941995'1996199719981999'1998- 1

IIIllIV

1999:1IIIIIIV'

1975 .1976 '. '..I.:197719781979...........::19801981 '.. . . .198219831984 .. .19851986198719881989 .... . .1990199119921993199419951996199719981999'1998-1

||IllIV

1999:1IIIIIIV'

UnitedStates Canada Japan European

Union > France Germany2 Italy UnitedKingdom

Industrial production (Index, 1992=100) 3

63.469.374.979.382.079.781.076.779.586.688.089.093.297.499.198.997.0

100.0103.4109.1114.4119.4127.1132.4137.2130.9131.9132.8133.9134.6136.1137.7139.9

71.676.278.982.286.283.584.077.481.491.796.696.0

100.2106.3105.8102.998.9

100.0104.5111.3116.3118.3124.8127.7

127.3127.4127.0129.0130.3131.5135.1

51.156.759.062.867.470.571.271.473.880.683.683.586.494.599.9

104.1106.1100.096.597.7

100.9103.2107.099.9

103.299.099.198.498.998.1

101.8

72.677.079.080.083.884.282.881.782.484.386.988.7

tt98.4

101.6101.3100.096.5

101.4104.8105.2109.3113.1

112.8113.5114.0113.2113.1113.8115.2

75.782.483.785.689.491.390.5

IIIas91.993.197.3

100.9102.4101.2100.096.1

100.0102.0102.2106.2110.9

109.8111.4111.1111.3110.8112.0114.5

68.875.176.578.682.482.981.378.779.281.685.587.087.490.595.199.9

102.3100.092.495.696.897.4

100.8105.0

105.3105.4106.0104.4104.5105.5107.3

64.672.773.574.979.984.382.479.978.180.680.784.086.292.195.7

101.7101.3100.0

97.9103.9109.2107.1111.1112.3

113.4114.0113.4111.9112.0111.3113.2

77.480.084.186.589.984.081.3

||92:996.6

101.3103.4103.199.7

100.0102.2107.7109.5110.7111.8112.6

111.8113.0113.0112.2111.6112.4113.8

Consumer prices (Index, 1982-84=100)

53.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2140.3144.5148.2152.4156.9160.5163.0166.6161.9162.8163.4164.0164.6166.2167.2168.3

50.153.958.163.369.276.185.694.9

100.4104.7109.0113.5118.4123.2129.3135.5143.1145.3147.9148.2151.4153.8156.3157.8160.5157.3157.8158.0158.2158.6160.3161.4161.9

65.972.278.181.484.490.9

Is5:!99.8

102.1104.1104.8104.8105.6108.1111.4115.0116.9118.4119.3119.1119.3121.4122.1

121.7122.3121.6122.8121.6122.1121.6

43.748.854.759.565.774.583.492.4

100.1107.4114.1118.2122.1126.7133.2140.9148.2154.9160.5165.4170.6174.8178.4181.5

180.3181.6182.0182.1182.3183.7184.2

43.948.152.657.563.672.281.891.7

100.3108.0114.3117.2121.1124.3128.7132.9137.2140.4143.4145.8148.4151.4153.2154.2155.0153.8154.6154.2154.1154.2155.1155.0155.7

71.174.276.979.082.286.792.297.1

100.3102.7104.8104.7104.9106.3109.2112.2116.2122.1127.6131.1133.3135.2137.8139.1139.9138.7139.1139.5139.0139.0139.8140.4140.3

28.833.640.145.152.163.275.487.7

100.8111.5121.1128.5134.4141.1150.4159.6169.8178.8186.4193.7204.1212.0215.9219.8223.4218.6219.7220.2221.0221.6223.0223.9225.3

40.246.854.258.766.678.587.995.499.8

104.8111.1114.9119.7125.6135.3148.2156.9162.7165.3169.4175.1179.4185.0191.4194.3188.2191.7192.3193.2192.4194.4194.6196.0

'Consists of Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain,Sweden, and United Kingdom.2 Prior to 1991 data are for West Germany only.3 All data exclude construction. Quarterly data are seasonally adjusted.

Sources: National sources as reported by Department of Commerce (International Trade Administration, Office of Trade and EconomicAnalysis), Department of Labor (Bureau of Labor Statistics), and Board of Governors of the Federal Reserve System.

428


TABLE B-107.—Civilian unemployment rate, and hourly compensation, major industrial countries,

1975-99[Quarterly data seasonally adjusted]

Year or quarter

19751976197719781979 .

1980198119821983 ": : ™3i7!"/:/™'ir.1984198519861987198819891990 .19911992199319941995199619971998 •;••;••;•-;";•; :::::.:::.:::.:..::::.::;;:;:.::;::.::::;19991998- 1

||IllIV

1999- 1||IllIV

1975197619771978197919801981198219831984198519861987 . . .19881989199019911992199319941995199619971998

UnitedStates Canada Japan France Ger-

many1 Italy UnitedKingdom

Civilian unemployment rate (Percent)2

»7.16.15.87.17.69.79.67.57.2

85.55.3

3 5.66.87.56.93 6.15.65.44.94.54.24.74.44.54.44.34.34.24.1

6.97.28.18.47.57.57.6

11.011.911.310.59.68.97.87.58.1

10.411.311.210.49.59.79.28.3

8.68.48.38.07.88.07.6

1.92.0a2.12.02.22.42.72.82.62.82.92.52.32.12.12.22.52.93.23.43.44.1

3.74.24.34.44.74.84.8

4.24.65.25.46.16.57.6

ii10.010.510.610.810.39.69.19.63 10.4

11.812.311.812.512.411.7

12.011.711.711.511.311.211.1

3.43.4

H2.92.84.05.63 6.97.17.2

B6.35.75.03 5.66.77.98.58.28.99.99.4

9.99.59.19.19.09.09.1

3.43.94.14.14.44.44.95.4

H6.03 7.57.97.97.87.03 6.97.33 10.2

11.312.012.112.312.3

12.212.312.412.412.312.1

4.65.96.46.35.47.0

10.511.311.811.711.211.210.38.67.26.98.8

10.110.59.78.78.27.06.3

6.46.36.36.36.36.15.9

Manufacturing hourly compensation in U.S. dollars (Index, 1992=100)4

35.538.441.845.249.655.661.167.068.871.275.178.580.784.086.690.895.6

100.0102.7105.6107.9109.3113.4119.4

34.640.842.042.144.549.253.758.662.561.7

ft68.676.484.192.799.9

100.093.388.891.291.193.190.3

17.518.823.031.532.032.836.133.536.137.238.557.368.378.477.379.390.3

100.0119.3132.4147.7129.3119.5111.3

26.327.029.836.744.051.146.045.143.040.742.957.969.272.571.488.090.2

100.096.0

100.2114.3113.2101.9102.3

23.124.328.835.842.046.139.338.838.636.337.252.466.070.469.186.489.4

100.0100.0107.6128.3128.4114.0113.3

22.121.624.028.835.640.536.936.538.137.839.152.163.365.568.186.892.9

100.084.282.485.395.591.188.5

19.017.919.625.133.043.744.142.039.037.239.047.860.268.367.781.790.5

100.088.792.395.995.6

104.6111.9

1 For unemployment rate, data beginning 1991 are for unified Germany; for prior years, data are for West Germany. For manufacturinghourly compensation, data are for West Germany only.2 Civilian unemployment rates, approximating U.S. concepts. Quarterly data for France and Germany should be viewed as less precise indi-cators of unemployment under U.S. concepts than the annual data.3 There are breaks in the series for Germany (1983 and 1991), France (1992), Italy (1986,1991, and 1993), and United States (1990 and1994). Based on the prior series, the rate for Germany was 7.2 percent in 1983, and 4.3 percent in 1991 for West Germany only, the rate forFrance was 10.5 in 1992,11.9 in 1993,12.7 in 1994 and 12.3 in 1995, and the rate for Italy was 6.3 percent in 1986 and 6.6 in 1991. Thebreak in 1993 raised Italy's rate by approximately 1 percentage point. For details on break in series in 1990 and 1994 for United States, seefootnote 5, Table B-33.4 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States, Canada, Japan, France, Germany, and United Kingdom, and to ail employees (wage and salary earners) inItaly. For Canada, France and United Kingdom, compensation adjusted to include changes in employment taxes that are not compensation toemployees, but are labor costs to employers.


429


TABLE B-108.—Foreign exchange rates, 1979-99[Currency units per U.S. dollar, except as noted; certified noon buying rates in New York]

1.23441.23251.21.31.38961.32591.23061.18421.16681.14601.20851.29021.36641.37251.36381.38491.4836

Period Belgium(franc)1 France

(franc)1 Germany(mark)1 Italy

(lira)1

Nether-lands(guild-er)1

Japan(yen)

Sweden(krona)

Switzer-land

(franc)

UnitedKingdom(pound)2

March 1973 . 39.408 4.5156 2.8132 568.17 2.8714 261.90 4.4294 3.2171 2.4724

29.34229.23837.19545.78151.12257.75259.33744.66437.35836.78539.40933.42434.19532.14834.58133.42629.47230.970

fiffi

4.25674.22515.43976.57947.6204

6.92576.01225.95956.38025.44675.64685.29355.66695.54594.98645.11585.83935.8995

1.83431.81752.26322.42812.55392.84552.94202.17051.79811.7570

1.61661.66101.56181.65451.62161.43211.50491.73481.7597

831.11856.21

1138.581354.001519.321756.111908.881491.161297.031302.391372.281198.271241.281232.171573.411611.491629.451542.761703.811736.85

2.00731.98752.49992.67192.85443.20853.31852.44852.02641.97782.12191.82151.87201.75871.85851.81901.60441.68631.95251.9837

37.55837.02236.34834.309

6.09576.01625.90915.5758

1.81901.79441.76231.6630

1792.041770.031739.181645.88

2.05052.02181.98741.8749

1.12041.05671.04931.0368

219.02226.63220.63249.06237.55237.46238.47168.35144.60128.17138.07145.00134.59126.78111.08102.1893.96

108.78121.06130.99113.73128.23135.68140.01119.40116.67120.80113.15104.31

4.28934.23105.06606.28397.67188.27088.60327.12736.34696.13706.45595.92316.05215.82587.79567.71617.14066.70827.64467.95228.27408.01727.81818.00117.97538.0098

8.3404

1.66441.67721.96752.03192.10072.35002.45521.79791.49181.46431.63691.39011.43561.40641.47811.36671.18121.23611.45141.45061.50451.47671.49341.47031.36021.42881.51431.52741.5447

2.12242.32462.02431.74801.51591.33681.29741.46771.63981.78131.63821.78411.76741.76631.50161.53191.57851.56071.63761.65731.61721.64651.65411.65311.67581.63211.60611.60191.6295

Trade-weighted value of the U.S. dollar

Nominal

G-10 index(March

1973=100)3

1979198019811992198319841985198619871988198919901991

1994 '.I.199519961997199819991998:1 .

88.187.4103.4116.6125.3138.2143.0112.296.992.798.689.189.886.693.291.384.287.396.498.8

100.3100.3100.294.5

1999:1 ...II .IllIV

Broad index(January

1997=100)«

33.534.638.244.349.856.763.8

58!864.870.073.276.082.990.592.597.4

104.4116.5116.9115.3115.9119.2115.5116.7117.6117.1116.0

Major cur-rencies index

(March1973=100)*

94.994.8

103.6114.2118.1125.8130.5107.294.888.291.987.986.484.987.185.680.884.691.295.894.195.396.698.293.0

SiIB

OITP index(January

1997=100)6

3.74.04.65.87.7

10.013.416.619.923.929.440.046.753.163.681.192.698.3

104.7126.0129.9124.1123.2128.6128.3130.8129.2129.7130.1

Real7

Broad index(March

1973=100)*

87.089.195.5

104.7108.7115.5120.7106.097.691.192.590.188.686.887.787.384.886.791.399.398.799.199.1

101.697.698.399.499.2

Major cur-rencies index

(March1973=100)5

90.9100.0108.4109.9117.2121.198.888.483.387.484.382.681.5

8279.985.092.397.396.796.597.8

100.094.795.698.197.495.8

OITP index(March

1973=100)6

84.585.187.097.4

105.7111.8119.6m105.0104.1100.998.498.197.494.795.9

108.5107.7108.9

W107.8108.1107.5107.9107.2

1 European Economic and Monetary Union members include Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Nether-lands, Portugal, and Spain.

2 Value is U.S. dollars.3 G-10 comprises the countries shown in this table. Discontinued after December 1998.4The broad index is a weighted average of the foreign exchange value of the dollar against the currencies of a broad group of U.S. tradingpartners.5 Subset of the broad index. Includes currencies of the euro area (see footnote 1), Australia, Canada, Japan, Sweden, Switzerland, and theUnited Kingdom.

6Subset of the broad index. Includes other important U.S. trading partners (OITP) whose currencies are not heavily traded outside theirhome markets.7 Adjusted for changes in the consumer price index.

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

430


TABLE B-109.—International reserves, selected years, 1952-99[Millions of SDRs-, end of period]

Af63 dnd country

A l l countries . . . .Industrial countries1

United StatesCanadaEuro area1

AustriaBelgiumFinlandFranceGermanyIrelandItalyNetherlandsPortugalSpain

Australiajapan . . .New ZealandDenmarkGreeceIcelandNorwaySwedenSwitzerlandUnited Kingdom . . . .

Developing countries- Total 2

By area:AfricaAsia2

EuropeMiddle EastWestern Hemisphere

Memo-.Oil-exporting countriesNon-oil developing countries2

1952

49 38839,28024714l!944

1161133

132686960318722953603134920

1,101183150948

164504

1667l'9569648

17863,793

2691,1832,616

1,6997,949

1962

6285153,502172202'561

10811753'237

40496958

35940681943'680

104511682021

25125628732

30480?

2919

9349

21102*.772

38118052,282

20307,319

1972

146 658113,36212112

5^572

25053*564

6649224

2l'9081,038560544072*.12946185656

16*916767787950

7812201*45369615*201

33295

39628,13026809*.4369,089

9,95623,339

1982

361 239214,025299183*439

55444*7571,420

1785043*9092,390

1510810*7231,17974506053

22,001577

2111916133

62733*397

1693011*904

147 213

773744*.4905359

64*03925,563

67,10880,105

1992

752 566424,229

529958*.662

9703109143*,862

2252269*4892,514

224381749214*,474336408429

52*9372,23980903,*606

3648725

16*6672710027*300

328 337

13044190*,363160064414964,774

46,144282,193

1997

1 284 101603,3325281713*317

1490312*5356,294

2578860*8354,849

4364419*37612!l695124112575

163*641

14*2339*.462

286173858! 188

3184024*.596

680 768

29042384,420

7291468*465

125,927

63,751617,017

1998

1 279 543581 0815937916'640

2266113*3106,955

3505456*7376!690

2414416*395ll]9423992911032

153*8782,986

1091612*.526

3051325610*1783216923'682

698 463

30365413,058

7260870059

114,362

67,471630,991

199

Oct

1 308 401560 152

19060197 568113978*2445,738

31424475193,667

189968*3346*765

2483613769

197',2772,849

1686514,024

34713258ll',24828797

748 248

31528458,622

7737769*,982

110,739

70,549677,699

9

Nov

20,778

15293198,564

1665513,438

1369613,22728203

1 Includes data for Luxembourg.2 Includes data for Taiwan Province of China.Note.—International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights (SDRs),serve positions in the International Monetary Fund, and foreign exchange.U.S. dollars per SDR (end of period) are: 1952 and 1962—1.00000; 1972—1.08571; 1982—1.10311; 1992—1.37500; 1997—1.3493;

reserve

1998—1.4080; October 1999—1.3807; and November 1999—1.3696.Source.- International Monetary Fund, International Financial Statistics.

431


TABLE B-110.—Growth rates in real gross domestic product, 1981-99[Percent change at annual rate]

Area and country

WorldAdvanced economies

Major industrial countriesUnited States2

japanGermany3

FranceItalyUnited Kingdom4

Canada

Other advanced economiesDeveloping countries

AfricaAsiaMiddle East and EuropeWestern Hemisphere

Countries in transition

Central and eastern EuropeRussiaTranscaucasus and central Asia ..

1981-90

3.4

3.12.92940232.422272.83.7422.56.92.81.62.2

1991

1.81.2.8

_ 9385.0.8

14-1.5-1.9

2.94.91.86.62.73.9

-7.6

-9.9-54-7.0

1992

2.5

2.01.82 710221.2

g

.9

2.567

29.57.13.3

-13.8-8.5

-194-14.4

1993

2.7

1.31.123

3-1 1-1.3-9232.3

2.065

79.33.93.9

-7.1

-3.7-104

-9.6

1994

4.03.22.835

6232.822444.7

4.56.8249.6

.74.9

-7.1

-2.9-116-10.4

1995

3.8

2.62.22315172.1292.82.8

4.36.1

3.09.13.71.5

-.51.6

-24-4.4

1996

4.33.23.03450

81.6

92.61.7

3.96.6598.24.73.6-316

-341.6

1997

4.2

3.22.939141.82.315354.0

4.25.83.16.64.55.32.2

3.09

2.5

1998

2.5

2.22.239

-28233.2132.23.12.13.23.43.73.22.2-.2

2.2-46

2.2

1999 »

3.0

282.63710142.512113.6

3.535315.31.8

8

10

2.01 All figures are forecasts as published by the International Monetary Fund.2 Data for United States as published in the National Income and Product Account benchmark revisions released by the Department of

Commerce in October 1999 show the following real GDP growth rates: for the 1981-80 period, 3.2 percent (annual rate); for 1991, -.2 per-cent; for 1992, 3.3 percent: for 1993,2.4 percent; for 1994, 4.0 percent; for 1995, 2.7 percent; for 1996, 3.7 percent; for 1997, 4.5 percent;and for 1998. 4.3 percent. The preliminary estimate released by the Department of Commerce for 1999 is 4.0 percent.3 Through 1991 data are for West Germany only.

4 Average of expenditure, income, and output estimates of GDP at market prices.Sources: Department of Commerce (Bureau of Economic Analysis) and International Monetary Fund.

432


erp2000 appendixes 2

Documents