Categories
Economic Indicators

Total Output, Income, And Spending

Total Output, Income, And Spending – Statistical Data Included

TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the fourth quarter of 2000, according to revised estimates,

current-dollar gross domestic product (GDP) rose 3.0 percent

(annual rate), real GDP (GDP in chained 1996 dollars) rose

1.1 percent, and the implicit price deflator rose 1.9 percent.

[GRAPH OMITTED]

[Billions of current dollars; quarterly data

at seasonally adjusted annual rates]

Gross

Gross Personal private

domestic consumption domestic

Period product expenditures investment

1991 5,986.2 3,971.2 800.2

1992 6,318.9 4,209.7 866.6

1993 6,642.3 4,454.7 955.1

1994 7,054.3 4,716.4 1,097.1

1995 7,400.5 4,969.0 1,143.8

1996 7,813.2 5,237.5 1,242.7

1997 8,318.4 5,529.3 1,390.5

1998 8,790.2 5,850.9 1,549.9

1999 9,299.2 6,268.7 1,650.1

2000(r) 9,962.7 6,757.3 1,832.9

1997: I 8,124.2 5,429.9 1,324.2

II 8,279.8 5,470.8 1,397.7

III 8,390.9 5,575.9 1,405.7

IV 8,478.6 5,640.6 1,434.5

1998: I 8,634.7 5,712.6 1,532.1

II 8,722.0 5,811.4 1,523.9

III 8,829.1 5,893.4 1,553.0

IV 8,974.9 5,986.0 1,590.8

1999: I 9,104.5 6,095.3 1,609.8

II 9,191.5 6,213.2 1,607.9

III 9,340.9 6,319.9 1,659.1

IV 9,559.7 6,446.2 1,723.7

2000: I 9,752.7 6,621.7 1,755.7

II 9,945.7 6,706.3 1,852.6

III 10,039.4 6,810.8 1,869.3

IV 10,112.8 6,890.4 1,854.0

Exports and imports

of goods and services

Net

Period exports Exports Imports

1991 -20.7 601.6 622.3

1992 -27.9 636.8 664.6

1993 -60.5 658.0 718.5

1994 -87.1 725.1 812.1

1995 -84.3 818.6 902.8

1996 -89.0 874.2 963.1

1997 -89.3 966.4 1,055.8

1998 -151.5 966.0 1,117.5

1999 -254.0 990.2 1,244.2

2000(r) -371.0 1,097.6 1,468.6

1997: I -89.2 927.8 1,017.1

II -75.0 966.8 1,041.7

III -88.6 988.7 1,077.3

IV -104.6 982.4 1,087.0

1998: I -117.5 975.0 1,092.6

II -151.8 962.8 1,114.7

III -167.6 947.8 1,115.4

IV -169.0 978.3 1,147.3

1999: I -196.1 957.3 1,153.4

II -240.4 973.0 1,213.4

III -280.5 999.5 1,280.0

IV -299.1 1,031.0 1,330.1

2000: I -335.2 1,051.9 1,387.1

II -355.4 1,092.9 1,448.3

III -389.5 1,130.8 1,520.3

IV -403.9 1,114.9 1,518.8

Government consumption expenditures

and gross investment

Federal

State

National and

Period Total Total defense Nondefense local

1991 1,235.5 527.4 384.5 142.9 708.1

1992 1,270.5 534.5 378.5 156.0 736.0

1993 1,293.0 527.3 364.9 162.4 765.7

1994 1,327.9 521.1 355.1 165.9 806.8

1995 1,372.0 521.5 350.6 170.9 850.5

1996 1,421.9 531.6 357.0 174.6 890.4

1997 1,487.9 538.2 352.6 185.6 949.7

1998 1,540.9 540.6 349.2 191.4 1,000.3

1999 1,634.4 568.6 365.0 203.5 1,065.8

2000(r) 1,743.4 595.1 376.9 218.2 1,148.3

1997: I 1,459.2 529.2 346.4 182.8 930.0

II 1,486.3 543.4 355.0 188.4 942.9

III 1,498.0 541.3 354.7 186.6 956.6

IV 1,508.2 538.9 354.4 184.5 969.3

1998: I 1,507.6 528.0 338.6 189.3 979.6

II 1,538.6 544.9 349.3 195.6 993.7

III 1,550.3 541.4 355.0 186.4 1,008.9

IV 1,567.2 548.0 353.8 194.2 1,019.2

1999: I 1,595.5 554.1 356.5 197.6 1,041.4

II 1,610.9 558.3 355.3 203.0 1,052.6

III 1,642.4 570.4 367.5 202.8 1,072.1

IV 1,688.8 591.6 380.8 210.7 1,097.3

2000: I 1,710.4 580.1 366.6 213.5 1,130.4

II 1,742.2 604.5 381.9 222.6 1,137.7

III 1,748.8 594.2 375.0 219.2 1,154.6

IV 1,772.3 601.8 384.2 217.6 1,170.6

Final Addendum:

sales of Gross Gross

domestic domestic national

Period product purchases(1) product

1991 5,986.4 6,006.9 6,010.9

1992 6,303.9 6,346.8 6,342.3

1993 6,621.2 6,702.8 6,666.7

1994 6,991.8 7,141.4 7,071.1

1995 7,367.5 7,484.8 7,420.9

1996 7,783.2 7,902.1 7,831.2

1997 8,255.5 8,407.7 8,325.4

1998 8,713.2 8,941.7 8,786.7

1999 9,255.9 9,553.2 9,288.2

2000(r) 9,907.2 10,333.7 …..

1997: I 8,075.4 8,213.4 8,131.1

II 8,192.1 8,354.7 8,291.8

III 8,341.1 8,479.5 8,397.7

IV 8,413.5 8,583.2 8,480.4

1998: I 8,522.4 8,752.3 8,640.3

II 8,663.5 8,873.8 8,725.0

III 8,758.5 8,996.7 8,814.9

IV 8,908.3 9,143.9 8,966.6

1999: I 9,055.3 9,300.6 9,097.2

II 9,177.0 9,432.0 9,181.8

III 9,304.2 9,621.4 9,327.3

IV 9,486.9 9,858.8 9,546.3

2000: I 9,722.8 10,087.9 9,745.0

II 9,873.7 10,301.1 9,934.0

III 9,973.1 10,429.0 10,030.5

IV 10,059.3 10,516.7 …..

(1) GDP less exports of goods and services

plus imports of goods and services.

Source: Department of Commerce, Bureau of Economic Analysis.

REAL GROSS DOMESTIC PRODUCT

[Billions of chained (1996) dollars; quarterly data at

seasonally adjusted annual rates]

Gross Personal

domestic consumption

Period product expenditures

1991 6,676.4 4,466.6

1992 6,880.0 4,594.5

1993 7,062.6 4,748.9

1994 7,347.7 4,928.1

1995 7,543.8 5,075.6

1996 7,813.2 5,237.5

1997 8,159.5 5,423.9

1998 8,515.7 5,678.7

1999 8,875.8 5,978.8

2000(r) 9,318.6 6,294.4

1997: I 8,016.4 5,350.7

II 8,131.9 5,375.7

III 8,216.6 5,462.1

IV 8,272.9 5,507.1

1998: I 8,404.9 5,572.4

II 8,465.6 5,651.6

III 8,537.6 5,711.0

IV 8,654.5 5,779.8

1999: I 8,730.0 5,860.2

II 8,783.2 5,940.2

III 8,905.8 6,013.8

IV 9,084.1 6,101.0

2000: I 9,191.8 6,213.5

II 9,318.9 6,260.6

III 9,369.5 6,329.8

IV(r) 9,394.2 6,373.7

Gross private

domestic investment

Nonresidential Residential Change

fixed fixed in private

Period investment investment inventories

1991 610.1 221.1 -1.0

1992 630.6 257.2 17.1

1993 683.6 276.0 20.0

1994 744.6 302.7 66.8

1995 817.5 291.7 30.4

1996 899.4 313.3 30.0

1997 1,009.3 319.7 63.8

1998 1,140.3 346.1 80.2

1999 1,255.3 368.3 45.3

2000(r) 1,413.3 366.3 61.8

1997: I 960.8 314.7 49.3

II 992.7 318.7 88.3

III 1,037.0 320.3 51.3

IV 1,047.0 324.9 66.1

1998: I 1,096.0 332.4 117.3

II 1,136.4 342.4 60.9

III 1,146.3 350.9 73.1

IV 1,182.3 358.5 69.4

1999: I 1,209.4 365.7 48.1

II 1,237.5 370.9 13.1

III 1,272.5 368.0 39.1

IV 1,301.8 368.5 80.9

2000: I 1,365.3 371.4 36.6

II 1,412.5 372.6 78.6

III 1,438.8 362.3 72.5

IV(r) 1,436.5 359.1 59.5

Exports and imports of

goods and services

Net

Period exports Exports Imports

1991 -15.8 613.2 629.0

1992 -19.8 651.0 670.8

1993 -59.1 672.7 731.8

1994 -86.5 732.8 819.4

1995 -78.4 808.2 886.6

1996 -89.0 874.2 963.1

1997 -113.3 981.5 1,094.8

1998 -221.0 1,003.6 1,224.6

1999 -322.4 1,033.0 1,355.3

2000(r) -412.7 1,126.5 1,539.2

1997: I -94.0 940.3 1,034.3

II -100.6 979.2 1,079.8

III -119.6 1,004.2 1,123.8

IV -139.2 1,002.1 1,141.2

1998: I -175.3 1,004.5 1,179.8

II -219.8 996.8 1,216.6

III -244.1 988.8 1,232.9

IV -244.9 1,024.1 1,269.0

1999: I -279.8 1,003.3 1,283.1

II -314.6 1,017.6 1,332.2

III -342.6 1,042.6 1,385.2

IV -352.5 1,068.4 1,420.9

2000: I -376.8 1,084.8 1,461.7

II -403.4 1,121.8 1,525.2

III -427.7 1,158.8 1,586.4

IV(r) -442.9 1,140.7 1,583.6

Government consumption expenditures

and gross investment

Federal

State

National and

Period Total Total defense Nondefense local

1991 1,403.4 604.9 438.4 166.0 798.9

1992 1,410.0 595.1 417.1 177.9 815.3

1993 1,398.8 572.0 394.7 177.3 827.0

1994 1,400.1 551.3 375.9 175.5 848.9

1995 1,406.4 536.5 361.9 174.6 869.9

1996 1,421.9 531.6 357.0 174.6 890.4

1997 1,455.4 529.6 347.7 181.8 925.8

1998 1,486.4 526.9 341.7 185.2 959.2

1999 1,536.1 540.1 348.5 191.5 995.6

2000(r) 1,579.0 548.1 349.1 198.9 1,030.3

1997: I 1,434.6 521.7 341.6 180.1 912.8

II 1,457.0 534.8 350.3 184.5 922.2

III 1,464.8 533.4 350.4 182.9 931.4

IV 1,465.3. 528.4 348.5 179.8 936.8

1998: I 1,461.6 515.9 332.0 183.8 945.5

II 1,487.6 531.8 342.4 189.3 955.7

III 1,492.9 527.5 347.2 180.3 965.1

IV 1,503.3 532.4 345.1 187.2 970.7

1999: I 1,517.1 529.5 342.4 187.0 987.2

II 1,519.9 532.1 340.3 191.6 987.5

III 1,537.8 541.0 350.4 190.5 996.4

IV 1,569.5 558.1 360.9 197.1 1,011.2

2000: I 1,565.1 537.1 341.5 195.4 1,027.4

II 1,583.7 558.8 355.1 203.6 1,024.6

III 1,578.2 545.8 346.2 199.4 1,031.9

IV(r) 1,588.9 550.8 353.6 197.1 1,037.5

Final Addendum:

sales of Gross Gross

domestic domestic national

Period product purchases(1) product

1991 6,681.5 6,688.4 6,703.4

1992 6,867.7 6,896.4 6,905.8

1993 7,043.8 7,120.6 7,087.8

1994 7,285.8 7,434.2 7,364.2

1995 7,512.2 7,621.8 7,564.0

1996 7,783.2 7,902.1 7,831.2

1997 8,095.2 8,271.7 8,168.1

1998 8,435.2 8,727.9 8,515.1

1999 8,826.9 9,179.1 8,868.3

2000(r) 9,250.2 9,702.2 …..

1997: I 7,966.4 8,110.6 8,025.1

II 8,043.2 8,232.3 8,145.6

III 8,164.9 8,334.5 8,225.1

IV 8,206.3 8,409.4 8,276.9

1998: I 8,289.4 8,575.2 8,412.9

II 8,402.7 8,676.8 8,471.4

III 8,463.4 8,771.4 8,526.7

IV 8,585.0 8,888.2 8,649.3

1999: I 8,680.3 8,996.2 8,726.0

II 8,764.9 9,079.6 8,776.7

III 8,861.8 9,226.7 8,895.4

IV 9,000.5 9,414.1 9,075.0

2000: I 9,148.0 9,543.6 9,187.7

II 9,235.3 9,694.3 9,313.5

III 9,290.9 9,766.0 9,362.8

IV(r) 9,326.6 9,804.9 …..

(1) GDP less exports of goods and services plus

imports of goods and services.

NOTE.–Because of the formula used for calculating real GDP,

the chained (1996) dollar estimates for the detailed components

do not add to the chained-dollar value of GDP or to any

intermediate aggregates.

Source: Department of Commerce, Bureau of Economic Analysis.

IMPLICIT PRICE DEFLATORS FOR GROSS DOMESTIC PRODUCT

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

Personal consumption

expenditures

Gross

domestic Durable Nondurable

Gross product Total goods goods Services

1991 89.66 88.91 97.39 93.76 84.82

1992 91.84 91.62 98.28 95.20 88.50

1993 94.05 93.81 99.06 96.14 91.56

1994 96.01 95.70 100.56 96.83 94.16

1995 98.10 97.90 101.06 97.93 97.25

1996 100.00 100.00 100.00 100.00 100.00

1997 101.95 101.94 97.75 101.34 103.12

1998 103.22 103.00 95.41 101.35 105.50

1999 104.77 104.85 93.09 103.71 107.99

2000(r) 106.91 107.35 91.55 107.54 110.81

1997: I 101.34 101.48 99.00 101.32 102.07

II 101.82 101.77 98.10 101.18 102.83

III 102.12 102.08 97.29 101.31 103.47

IV 102.49 102.42 96.68 101.53 104.08

1998: I 102.74 102.52 96.28 101.19 104.50

II 103.03 102.83 95.82 101.10 105.19

III 103.41 103.19 95.30 101.40 105.79

IV 103.70 103.57 94.36 101.71 106.50

1999: I 104.29 104.01 93.77 102.17 107.17

II 104.65 104.59 93.31 103.42 107.65

III 104.89 105.09 92.87 104.14 108.26

IV 105.24 105.66 92.46 105.07 108.87

2000: I 106.10 106.57 91.99 106.46 109.88

II 106.73 107.12 91.84 107.33 110.43

III 107.15 107.60 91.32 107.91 111.11

IV(r) 107.65 108.11 91.05 108.45 111.79

Gross private Exports and

domestic investment imports of goods

and services

Nonresidential Residential

Gross fixed fixed Exports Imports

1991 99.80 86.64 98.10 98.93

1992 99.29 87.69 97.82 99.09

1993 99.81 91.23 97.82 98.18

1994 100.54 94.48 98.94 99.12

1995 100.93 97.91 101.28 101.83

1996 100.00 100.00 100.00 100.00

1997 99.02 102.68 98.47 96.44

1998 97.13 105.59 96.26 91.25

1999 95.84 109.64 95.86 91.80

2000(r) 96.34 113.52 97.44 95.41

1997: I 99.46 101.66 98.67 98.33

II 99.16 102.22 98.73 96.47

III 98.94 102.95 98.46 95.87

IV 98.55 103.87 98.04 95.24

1998: I 97.91 104.28 97.06 92.61

II 97.31 105.02 96.59 91.62

III 96.88 105.98 95.85 90.47

IV 96.48 106.95 95.52 90.41

1999: I 96.35 108.10 95.41 89.89

II 96.00 109.28 95.61 91.08

III 95.62 110.22 95.87 92.41

IV 95.42 110.94 96.50 93.61

2000: I 95.84 112.36 96.97 94.90

II 96.23 113.08 97.42 94.95

III 96.65 113.83 97.59 95.83

IV(r) 96.62 114.86 97.74 95.91

Government consumption expenditures

and gross investment

Federal

National State

Gross Total defense Non-defense and local

1991 87.18 87.70 86.07 88.64

1992 89.82 90.75 87.71 90.28

1993 92.18 92.45 91.58 92.59

1994 94.51 94.49 94.55 95.04

1995 97.21 96.88 97.90 97.77

1996 100.00 100.00 100.00 100.00

1997 101.63 101.41 102.06 102.58

1998 102.60 102.20 103.37 104.28

1999 105.27 104.75 106.27 107.05

2000(r) 108.58 107.98 109.72 111.45

1997: I 101.42 101.39 101.50 101.89

II 101.61 101.33 102.15 102.25

III 101.50 101.24 102.01 102.71

IV 101.99 101.70 102.57 103.46

1998: I 102.35 102.01 103.01 103.60

II 102.47 102.01 103.35 103.97

III 102.63 102.24 103.37 104.54

IV 102.94 102.51 103.76 105.00

1999: I 104.66 104.12 105.68 105.48

II 104.93 104.39 105.96 106.60

III 105.43 104.90 106.44 107.59

IV 106.00 105.51 106.94 108.51

2000: I 108.00 107.34 109.24 110.02

II 108.17 107.55 109.34 111.04

III 108.87 108.33 109.92 111.89

IV(r) 109.26 108.67 110.37 112.82

Source: Department of Commerce, Bureau of Economic Analysis.

GROSS DOMESTIC PRODUCT AND RELATED PRICE MEASURES:

INDEXES AND PERCENT CHANGES

[Quarterly data are seasonally adjusted]

Index numbers, 1996 = 100

Real GDP GDP

GDP (chain-type GDP implicit

(current quantity chain-type price

Period dollars) index) price index deflator

1991 76.62 85.45 89.66 89.66

1992 80.88 88.06 91.85 91.84

1993 85.01 90.39 94.05 94.05

1994 90.29 94.04 96.01 96.01

1995 94.72 96.55 98.10 98.10

1996 100.00 100.00 100.00 100.00

1997 106.47 104.43 101.95 101.95

1998 112.50 108.99 103.23 103.22

1999 119.02 113.60 104.77 104.77

2000(r) 127.51 119.27 106.98 106.91

1995: I 93.40 95.85 97.45 97.45

II 93.98 96.03 97.86 97.86

III 95.13 96.78 98.31 98.30

IV 96.37 97.55 98.79 98.78

1996: I 97.65 98.25 99.40 99.39

II 99.61 99.87 99.74 99.74

III 100.59 100.37 100.23 100.22

IV 102.15 101.51 100.63 100.63

1997: I 103.98 102.60 101.36 101.34

II 105.97 104.08 101.82 101.82

III 107.39 105.16 102.12 102.12

IV 108.52 105.88 102.49 102.49

1998: I 110.52 107.57 102.75 102.74

II 111.63 108.35 103.04 103.03

III 113.00 109.27 103.42 103.41

IV 114.87 110.77 103.69 103.70

1999: I 116.53 111.73 104.25 104.29

II 117.64 112.42 104.63 104.65

III 119.55 113.98 104.90 104.89

IV 122.35 116.27 105.31 105.24

2000: I 124.82 117.65 106.17 106.10

II 127.29 119.27 106.80 106.73

III 128.49 119.92 107.22 107.15

IV(r) 129.43 120.24 107.73 107.65

Percent change from preceding period(1)

Real GDP GDP

GDP (chain-type GDP implicit

(current quantity chain-type price

Period dollars) index) price index deflator

1991 3.2 -.5 3.6 3.6

1992 5.6 3.0 2.4 2.4

1993 5.1 2.7 2.4 2.4

1994 6.2 4.0 2.1 2.1

1995 4.9 2.7 2.2 2.2

1996 5.6 3.6 1.9 1.9

1997 6.5 4.4 1.9 1.9

1998 5.7 4.4 1.3 1.3

1999 5.8 4.2 1.5 1.5

2000(r) 7.1 5.0 2.1 2.0

1995: I 4.5 1.5 3.0 3.0

II 2.5 .8 1.7 1.7

III 5.0 3.1 1.8 1.8

IV 5.3 3.2 2.0 2.0

1996: I 5.4 2.9 2.5 2.5

II 8.3 6.8 1.4 1.4

III 4.0 2.0 2.0 1.9

IV 6.4 4.6 1.6 1.7

1997: I 7.3 4.4 2.9 2.9

II 7.9 5.9 1.9 1.9

III 5.5 4.2 1.2 1.2

IV 4.2 2.8 1.4 1.4

1998: I 7.6 6.5 1.0 1.0

II 4.1 2.9 1.1 1.1

III 5.0 3.4 1.5 1.5

IV 6.8 5.6 1.1 1.1

1999: I 5.9 3.5 2.2 2.3

II 3.9 2.5 1.4 1.4

III 6.7 5.7 1.1 .9

IV 9.7 8.3 1.6 1.3

2000: I 8.3 4.8 3.3 3.3

II 8.2 5.6 2.4 2.4

III 3.8 2.2 1.6 1.6

IV(r) 3.0 1.1 1.9 1.9

(1) Percent changes based on unrounded data.

Quarterly percent charges are at annual rates.

Source: Department of Commerce, Bureau of Economic Analysis.

NONFINANCIAL CORPORATE BUSINESS–OUTPUT, PRICE, COSTS, AND PROFITS

[Quarterly data at seasonally adjusted annual rates]

Gross product Price, costs, and profits

of nonfinancial per unit of real output

corporate (dollars)

business

(billions of Price per unit

dollars) of real gross

product of Compensation

Chained nonfinancial of employees

Current (1996) corporate (unit labor

Period dollars dollars business(1) cost)

1991 3,150.6 3,381.9 0.932 0.617

1992 3,288.0 3,468.4 .948 .633

1993 3,457.6 3,573.8 .967 .641

1994 3,737.2 3,801.5 .983 .639

1995 3,945.9 3,960.1 .996 .645

1996 4,159.5 4,159.5 1.000 .641

1997 4,435.1 4,404.2 1.007 .644

1998 4,728.1 4,679.9 1.010 .653

1999 5,048.8 4,957.1 1.019 .659

1997: I 4,319.1 4,295.3 1.006 .645

II 4,389.6 4,358.7 1.007 .644

III 4,479.0 4,447.3 1.007 .641

IV 4,552.6 4,515.7 1.008 .646

1998: I 4,619.1 4,580.9 1.008 .650

II 4,681.7 4,640.0 1.009 .652

III 4,773.0 4,718.0 1.012 .653

IV 4,838.5 4,780.7 1.012 .655

1999: I 4,923.1 4,843.5 1.016 .657

II 4,999.7 4,904.4 1.019 .660

III 5,080.6 4,987.0 1.019 .661

IV 5,191.9 5,093.6 1.019 .658

2000: I 5,300.3 5,171.0 1.025 .658

II 5,414.0 5,251.2 1.031 .659

III 5,480.1 5,308.1 1.032 .661

Price, costs, and profits per

unit of real output (dollars)

Unit nonlabor costs

Comsumption Indirect

of fixed business Net

Period Total capital tax, etc.(2) interest

1991 0.240 0.105 0.093 0.042

1992 .236 .107 .096 .033

1993 .236 .108 .098 .030

1994 .238 .109 .101 .028

1995 .239 .110 .100 .029

1996 .236 .111 .099 .026

1997 .237 .112 .098 .027

1998 .239 .113 .098 .028

1999 .241 .115 .097 .029

1997: I .237 .112 .098 .027

II .238 .112 .099 .027

III .237 .112 .098 .027

IV .237 .112 .097 .028

1998: I .236 .112 .097 .027

II .238 .112 .098 .028

III .237 .113 .096 .028

IV .239 .113 .099 .027

1999: I .238 .114 .097 .027

II .240 .115 .097 .028

III .242 .116 .097 .029

IV .243 .115 .098 .030

2000: I .245 .116 .099 .030

II .247 .117 .099 .031

III .247 .118 .098 .031

Price, costs, and profits per

unit of real output (dollars)

Corporate profits with

inventory valuation and

capital consumption

adjustments(3)

Profits Profits

tax after

Period Total liability tax(4)

1991 0.075 0.025 0.049

1992 .080 .026 .054

1993 .091 .029 .062

1994 .106 .034 .072

1995 .112 .035 .077

1996 .122 .036 .086

1997 .126 .036 .090

1998 .120 .034 .086

1999 .119 .034 .085

1997: I .124 .035 .089

II .125 .035 .090

III .129 .037 .092

IV .126 .036 .090

1998: I .121 .034 .087

II .119 .034 .084

III .122 .035 .087

IV .117 .033 .084

1999: I .121 .033 .088

II .119 .034 .085

III .116 .034 .083

IV .118 .034 .084

2000: I .122 .036 .086

II .126 .037 .089

III .123 .035 .088

(1) The deflator for gross product of nonfinancial corporate

business divided by 100.

(2) Indirect business tax and nontax liability plus business

transfer payments less subsided.

(3) Unit profits from current production.

(4) With inventory valuation and capital consumption adjustments.

Source: Department of Commerce, Bureau of Economic Analysis.

NATIONAL INCOME

[Billions of dollars; quarterly data at

seasonally adjusted annual rates]

Proprietor’s

income with

inventory

valuation and

capital

consumption

Compensation adjustments

National of

Period income employees(1) Farm Nonfarm

1992 4,994.9 3,644.8 32.7 401.7

1993 5,251.9 3,814.4 30.1 431.7

1994 5,556.8 4,016.2 31.9 444.6

1995 5,876.7 4,202.5 22.2 475.5

1996 6,210.4 4,395.6 34.3 510.5

1997 6,618.4 4,651.3 29.7 551.5

1998 7,038.1 4,984.2 25.4 595.2

1999 7,469.7 5,299.8 25.3 638.2

2000(r) ….. 5,637.9 22.6 688.0

1997: I 6,454.8 4,553.7 30.6 539.4

II 6,555.8 4,607.8 29.6 546.4

III 6,676.4 4,675.8 29.8 556.2

IV 6,786.7 4,767.9 28.9 563.8

1998: I 6,889.3 4,867.5 25.3 580.9

II 6,986.7 4,943.1 23.3 590.0

III 7,093.0 5,023.4 21.2 598.4

IV 7,183.2 5,102.7 32.0 611.7

1999: I 7,312.7 5,181.6 25.0 619.1

II 7,392.3 5,255.4 29.0 631.4

III 7,493.1 5,340.9 15.5 644.2

IV 7,680.7 5,421.1 31.7 657.9

2000: I 7,833.5 5,512.2 19.1 674.8

II 7,983.2 5,603.5 21.5 688.1

III 8,088.5 5,679.6 31.7 693.1

IV(r) ….. 5,756.3 17.9 695.8

Corporate profits with inventory

valuation and capital consumption

adjustments

Profits with inventory

valuation adjustment and

Rental without capital consumption

income of adjustment

persons with

capital Profits Inventory

consumption before valuation

Period adjustment Total Total tax adjustment

1992 63.3 453.1 448.8 451.6 -2.8

1993 90.9 510.5 506.4 510.4 -4.0

1994 110.3 573.2 561.0 573.4 -12.4

1995 117.9 668.8 650.2 668.5 -18.3

1996 129.7 754.0 729.4 726.3 3.1

1997 128.3 833.8 800.8 792.4 8.4

1998 135.4 815.0 775.1 758.2 17.0

1999 143.4 856.0 813.9 823.0 -9.1

2000(r) 140.1 ….. ….. ….. …..

1997: I 130.4 798.5 768.1 757.7 10.4

II 128.9 825.6 793.3 781.2 12.1

III 127.4 858.3 824.7 819.0 5.6

IV 126.7 852.7 817.3 811.6 5.7

1998: I 126.7 824.5 786.2 763.5 22.6

II 132.8 814.0 774.4 766.7 7.7

III 138.8 818.0 777.8 760.1 17.7

IV 143.5 803.4 762.2 742.3 19.9

1999: I 144.9 852.0 809.1 797.6 11.4

II 145.7 836.8 795.6 804.5 -8.9

III 136.6 842.0 799.3 819.0 -19.7

IV 146.2 893.2 851.5 870.7 -19.2

2000: I 145.6 936.3 895.7 920.7 -25.0

II 140.8 963.6 928.8 942.5 -13.6

III 138.1 970.3 940.5 945.1 -4.5

IV(r) 136.0 136.0 ….. ….. …..

Corporate profits

with inventory

valuation and

capital

consumption

adjustments

Capital

consumption

Period adjustment Net interest

1992 4.3 399.5

1993 4.1 374.3

1994 12.2 380.5

1995 18.6 389.8

1996 24.6 386.3

1997 32.9 423.9

1998 39.9 482.7

1999 42.1 507.1

2000(r) 33.6 …..

1997: I 30.4 402.2

II 32.3 417.5

III 33.6 429.0

IV 35.4 446.8

1998: I 38.4 464.4

II 39.6 483.5

III 40.2 493.3

IV 41.2 489.8

1999: I 42.9 490.1

II 41.2 494.1

III 42.7 513.8

IV 41.6 530.6

2000: I 40.6 545.4

II 34.7 565.9

III 29.7 575.7

IV(r) 29.5 …..

(1) Includes employer contributions for social insurance.

(See also p. 5.)

Source: Department of Commerce, Bureau of Economic Analysis.

REAL PERSONAL CONSUMPTION EXPENDITURES

[Billions of chained (1996) dollars, except as noted;

quarterly data at seasonally adjusted annual rates]

Durable goods

Total Furniture

personal Total Motor and

consumption durable vehicles household

Period expenditures goods and parts equipment Other

1992 4,594.5 479.0 225.7 161.5 94.1

1993 4,748.9 518.3 242.2 177.4 100.7

1994 4,928.1 557.7 255.1 196.3 107.6

1995 5,075.6 583.5 253.4 215.4 115.0

1996 5,237.5 616.5 256.3 236.9 123.3

1997 5,423.9 657.3 264.8 261.9 130.8

1998 5,678.7 727.3 291.7 294.4 141.5

1999 5,978.8 817.8 323.7 338.7 157.3

2000(r) 6,294.4 896.2 340.5 382.9 176.3

1997: I 5,350.7 641.5 262.9 250.5 128.1

II 5,375.7 636.5 250.8 257.6 128.5

III 5,462.1 670.5 271.8 266.5 132.3

IV 5,507.1 680.9 273.7 273.2 134.3

1998: I 5,572.4 696.4 278.3 281.9 136.6

II 5,651.6 719.4 292.6 286.9 140.0

III 5,711.0 726.7 284.9 299.1 143.6

IV 5,779.8 766.7 311.1 309.9 146.0

1999: I 5,860.2 782.7 311.0 320.9 151.5

II 5,940.2 810.5 325.3 331.7 154.1

III 6,013.8 826.2 324.9 343.9 158.9

IV 6,101.0 851.8 330.9 358.2 164.9

2000: I 6,213.5 898.2 351.8 374.1 174.0

II 6,260.6 886.7 335.9 379.3 175.0

III 6,329.8 903.2 342.0 387.2 177.6

IV(r) 6,373.7 896.7 332.3 390.8 178.6

Nondurable goods

Total

nondurable Clothing

Period goods Food and shoes

1992 1,389.7 725.6 208.8

1993 1,430.3 745.1 218.5

1994 1,485.1 764.9 231.6

1995 1,529.0 777.0 244.3

1996 1,574.1 786.0 258.6

1997 1,619.9 794.5 271.6

1998 1,684.8 812.8 292.2

1999 1,779.4 845.9 318.5

2000(r) 1,868.7 877.3 345.1

1997: I 1,605.6 794.0 267.1

II 1,608.2 792.8 265.2

III 1,631.7 797.8 275.0

IV 1,634.1 793.2 279.1

1998: I 1,652.8 798.3 287.0

II 1,676.3 809.2 291.3

III 1,694.2 816.8 292.0

IV 1,716.0 827.0 298.7

1999: I 1,748.5 832.7 313.3

II 1,765.0 838.0 316.5

III 1,786.1 846.7 322.1

IV 1,818.1 886.0 322.1

2000: I 1,844.8 872.2 337.7

II 1,861.1 876.5 342.3

III 1,882.6 879.1 350.2

IV(r) 1,886.4 881.3 349.9

Nondurable goods

Gasoline Fuel oil

Period and oil and coal Other

1992 112.5 13.2 331.2

1993 115.4 14.0 338.5

1994 117.4 15.0 356.8

1995 120.2 15.7 372.0

1996 124.2 15.6 389.8

1997 128.1 15.0 410.8

1998 131.2 14.0 434.9

1999 134.2 15.5 466.0

2000(r) 132.8 15.3 500.3

1997: I 126.6 14.2 403.7

II 128.3 15.2 406.7

III 128.7 15.4 414.8

IV 128.9 15.1 418.1

1998: I 129.4 13.6 424.9

II 130.7 14.1 431.3

III 132.2 14.3 439.2

IV 132.2 14.0 444.2

1999: I 132.5 15.0 455.6

II 134.3 15.7 461.3

III 133.6 16.0 468.5

IV 136.2 15.3 478.7

2000: I 131.2 14.7 490.6

II 132.2 15.3 496.5

III 133.8 15.8 505.9

IV(r) 133.9 15.4 508.1

Retail sales of

Services new passengers

and light trucks

Total Medical (millions of

Period services(1) Housing care units)

1992 2,729.7 719.3 765.4 12.8

1993 2,802.5 728.1 775.4 13.9

1994 2,886.2 749.1 783.1 15.0

1995 2,963.4 763.7 797.7 14.7

1996 3,047.0 772.6 814.4 15.0

1997 3,147.0 787.2 835.4 15.1

1998 3,269.4 807.7 859.8 15.4

1999 3,390.8 828.3 881.7 16.8

2000(r) 3,544.1 849.2 906.7 17.2

1997: I 3,103.7 781.1 825.9 15.3

II 3,130.6 784.7 832.5 14.6

III 3,160.6 789.1 839.3 15.2

IV 3,193.0 793.9 844.0 15.2

1998: I 3,224.5 800.0 855.2 14.9

II 3,258.2 806.1 857.7 16.0

III 3,292.4 810.3 861.5 14.6

IV 3,302.8 814.4 864.8 16.2

1999: I 3,335.8 820.4 870.5 16.2

II 3,373.4 825.7 878.1 16.8

III 3,411.1 830.7 885.6 17.1

IV 3,443.0 836.5 892.8 17.0

2000: I 3,487.2 841.4 897.4 18.2

II 3,526.7 847.0 903.8 17.2

III 3,559.3 851.7 909.1 17.4

IV(r) 3,603.3 856.8 916.5 16.2

(1) Includes other items, not shown separately.

NOTE.–Because of the formula used for calculating real GDP,

the chained (1996) dollar estimates for the detailed components

do not add to the chained-dollar value of GDP or to any

intermediate aggregates.

Source: Department of Commerce, Bureau of Economic Analysis.

SOURCES OF PERSONAL INCOME

Personal income rose $48.8 billion (annual rate) in

January, following an increase of $35.4 billion in December.

Wages and salaries Increased $35.3 billion In January,

following an increase of $8.1 billion in December. Personal

income in January was affected by several special factors.

It was boosted by cost-of-living adjustments to Federal

transfer programs and by pay raises for Federal civilian

and military personnel. It was reduced by changes in

personal social insurance contributions, by Federal farm

subsidy payments, and by lump-sum social security payments

that had boosted personal income in December. Excluding

special factors, personal Income Increased $40.6 billion

in January and $25.8 billion in December.

[GRAPH OMITTED]

[Billions of dollars; monthly data at

seasonally adjusted annual rates]

Total

personal Wage and salary Other labor

Period income disbursements(1) income(1 2)

1992 5,390.4 2,982.6 449.5

1993 5,610.0 3,085.2 482.8

1994 5,888.0 3,236.7 507.5

1995 6,200.9 3,424.7 497.0

1996 6,547.4 3,626.5 490.0

1997 6,937.0 3,888.9 475.4

1998 7,391.0 4,190.7 485.5

1999 7,789.6 4,470.0 501.0

2000(r) 8,281.0 4,769.1 524.0

2000: Jan 8,056.4 4,637.4 511.8

Feb 8,099.6 4,657.8 514.1

Mar 8,161.6 4,685.9 516.2

Apr 8,209.3 4,726.9 518.4

May 8,237.6 4,730.0 520.5

June 8,279.5 4,763.5 522.5

July 8,300.0 4,789.1 525.1

Aug 8,326.5 4,797.8 527.6

Sept 8,420.6 4,827.8 530.0

Oct(r) 8,405.7 4,858.9 532.0

Nov(r) 8,420.1 4,872.9 533.9

Dec(r) 8,455.5 4,881.0 535.9

2001: Jan(p) 8,504.3 4,916.3 537.8

Proprietor’s

income(3) Rental Personal

income of divided

Period Farm Nonfarm persons(4) income

1992 32.7 401.7 63.3 185.3

1993 30.1 431.7 90.9 203.0

1994 31.9 444.6 110.3 234.7

1995 22.2 475.5 117.9 254.0

1996 34.3 510.5 129.7 297.4

1997 29.7 551.5 128.3 334.9

1998 25.4 595.2 135.4 351.1

1999 25.3 638.2 143.4 370.3

2000(r) 22.6 688.0 140.1 396.6

2000: Jan 17.3 667.9 144.4 384.7

Feb 18.4 671.7 145.3 387.0

Mar 21.7 684.9 147.0 388.9

Apr 23.1 683.9 144.3 390.6

May 17.5 687.1 140.0 392.4

June 23.7 693.2 138.1 394.8

July 17.5 688.5 136.0 397.2

Aug 14.7 697.7 134.5 399.6

Sept 62.9 693.1 144.0 402.2

Oct(r) 16.9 695.4 134.8 404.7

Nov(r) 15.4 695.4 135.3 407.1

Dec(r) 21.5 696.7 137.8 409.8

2001: Jan(p) 15.4 700.4 136.9 412.0

Less: Personal

Personal contributions

interest Transfer for social

Period income payments(5) insurance

1992 750.1 751.7 226.6

1993 725.5 798.6 237.8

1994 742.4 833.9 254.1

1995 792.5 885.9 268.8

1996 810.6 928.8 280.4

1997 864.0 962.2 297.9

1998 940.8 983.0 316.2

1999 963.7 1,016.2 338.5

2000(r) 1,033.7 1,067.7 360.7

2000: Jan 1,002.1 1,042.5 351.8

Feb 1,011.4 1,047.3 353.2

Mar 1,021.2 1,050.9 355.2

Apr 1,026.1 1,053.8 357.9

May 1,030.9 1,077.3 358.2

June 1,036.8 1,067.3 360.4

July 1,040.0 1,068.7 362.1

Aug 1,042.4 1,074.9 362.6

Sept 1,046.1 1,079.1 364.6

Oct(r) 1,047.9 1,082.0 366.7

Nov(r) 1,049.1 1,078.6 367.6

Dec(r) 1,050.6 1,090.3 368.2

2001: Jan(p) 1,052.0 1,108.3 374.7

(1) The total of wage and salary disbursements and other labor

income differs from compensation of employees (see p. 4) in that

it excludes employer contributions for social insurance and

the excess of wage accruals over wage disbursements.

(2) Consists primarily of employer contributions to private

pension and private welfare funds.

(3) With inventory valuation and capital consumption adjustments.

(4) With capital consumption adjustment.

(5) Consists mainly of social insurance benefits, direct relief,

and veterans payments.

Source: Department of Commerce, Bureau of Economic Analysis.

DISPOSITION OF PERSONAL INCOME

According to revised estimates, per capita disposable personal

income in chained (1996) dollars fell at an annual rate of 0.4

percent in the fourth quarter of 2000.

[GRAPH OMITTED]

Less:

Personal Equals

tax and Disposable

Personal nontax personal

Period income payments income

Billions of dollars

1992 5,390.4 635.8 4,754.6

1993 5,610.0 674.6 4,935.3

1994 5,888.0 722.6 5,165.4

1995 6,200.9 778.3 5,422.6

1996 6,547.4 869.7 5,677.7

1997 6,937.0 968.8 5,968.2

1998 7,391.0 1,070.9 6,320.0

1999 7,789.6 1,152.0 6,637.7

2000(r) 8,281.0 1,291.8 6,989.3

Seasonally adjusted

annual rates

1997: I 6,792.4 935.1 5,857.3

II 6,879.1 954.9 5,924.2

III 6,978.6 978.9 5,999.7

IV 7,097.9 1,006.3 6,091.6

1998: I 7,230.7 1,035.8 6,194.9

II 7,339.5 1,056.4 6,283.1

III 7,445.1 1,084.0 6,361.1

IV 7,548.6 1,107.5 6,441.1

1999: I 7,628.1 1,113.2 6,514.9

II 7,729.7 1,133.4 6,596.3

III 7,828.5 1,164.0 6,664.5

IV 7,972.3 1,197.3 6,775.0

2000: I 8,105.8 1,239.3 6,866.5

II 8,242.1 1,277.2 6,964.9

III 8,349.0 1,308.1 7,040.9

IV(r) 8,427.1 1,342.4 7,084.7

Disposable

personal income

Less: Equals: in billions

Personal Personal of chained

Period outlays(1) saving (1996) dollars

Billions of dollars

1992 4,340.9 413.7 5,189.3

1993 4,584.5 350.8 5,261.3

1994 4,849.9 315.5 5,397.2

1995 5,120.2 302.4 5,539.1

1996 5,405.6 272.1 5,677.7

1997 5,715.3 252.9 5,854.5

1998 6,054.7 265.4 6,134.1

1999 6,490.1 147.6 6,331.0

2000(r) 6,998.4 -9.1 6,510.6

Seasonally adjusted annual rates

1997: I 5,609.2 248.1 5,771.8

II 5,654.1 270.1 5,821.2

III 5,763.7 236.0 5,877.3

IV 5,834.3 257.3 5,947.5

1998: I 5,909.2 285.6 6,042.8

II 6,012.9 270.2 6,110.3

III 6,099.5 261.6 6,164.1

IV 6,197.1 244.0 6,219.2

1999: I 6,310.3 204.6 6,263.7

II 6,432.8 163.6 6,306.6

III 6,543.3 121.1 6,341.7

IV 6,674.1 101.0 6,412.2

2000: I 6,855.6 11.0 6,443.1

II 6,944.3 20.6 6,502.0

III 7,054.7 -13.8 6,543.7

IV(r) 7,138.9 -54.3 6,553.4

Per capita Per capita personal

disposable consumption

personal income expenditures

Chained Chained

Current (1996) Current (1996)

Period dollars dollars dollars dollars

Dollars

1992 18,616 20,318 16,482 17,989

1993 19,121 20,384 17,259 18,399

1994 19,820 20,709 18,097 18,910

1995 20,613 21,055 18,888 19,294

1996 21,385 21,385 19,727 19,727

1997 22,262 21,838 20,625 20,232

1998 23,359 22,672 21,625 20,989

1999 24,314 23,191 22,962 21,901

2000(r) 25,376 23,638 24,534 22,854

Seasonally adjusted annual rates

1997: I 21,929 21,609 20,329 20,032

II 22,129 21,744 20,435 20,080

III 22,351 21,895 20,772 20,348

IV 22,637 22,102 20,961 20,465

1998: I 22,976 22,412 21,188 20,667

II 23,254 22,615 21,509 20,917

III 23,483 22,756 21,756 21,083

IV 23,720 22,903 22,044 21,285

1999: I 23,946 23,022 22,403 21,539

II 24,196 23,133 22,791 21,789

III 24,384 23,203 23,123 22,003

IV 24,728 23,404 23,528 22,268

2000: I 25,014 23,472 24,122 22,635

II 25,322 23,639 24,381 22,761

III 25,535 23,732 24,701 22,956

IV(r) 25,633 23,711 24,930 23,061

Percent change

in real Savings as Population

per capita percent of including

disposable disposable Armed Forces

personal personal overseas

Period income income (thousand)(2)

Percent

1992 2.0 8.7 255,403

1993 .3 7.1 258,107

1994 1.6 6.1 260,616

1995 1.7 5.6 263,073

1996 1.6 4.8 265,504

1997 2.1 4.2 268,087

1998 3.8 4.2 270,560

1999 2.3 2.2 272,996

2000(r) 1.9 -.1 275,423

Seasonally

adjusted

annual rates

1997: I 2.0 4.2 267,105

II 2.5 4.6 267,713

III 2.8 3.9 268,433

IV 3.8 4.2 269,096

1998: I 5.7 4.6 269,623

II 3.7 4.3 270,188

III 2.5 4.1 270,882

IV 2.6 3.8 271,548

1999: I 2.1 3.1 272,070

II 1.9 2.5 272,619

III 1.2 1.8 273,315

IV 3.5 1.5 273,980

2000: I 1.2 .2 274,508

II 2.9 .3 275,059

III 1.6 -.2 275,735

IV(r) -.4 -.8 276,388

(1) Includes personal consumption expenditures, interest paid

by persons, and personal transfer payments to rest of the

world (net).

(2) Annual data are averages of quarterly data, which are

averages for the period.

Source: Department of Commerce (Bureau of Economic Analysis

and Bureau of the Census).

FARM INCOME

In the fourth quarter of 2000, according to

preliminary estimates, gross farm income rose $23.2 billion (annual

rate) and net farm income rose $36.5 billion.

[GRAPH OMITTED]

[Billions of dollars; quarterly data at

seasonally adjusted annual rates]

Income of farm operators from farming

Gross farm income

Cash marketing receipts

Livestock

Period Total(1) Total and products Crops

1992 200.4 171.3 85.7 85.6

1993 204.7 177.9 90.4 87.5

1994 215.9 181.1 88.2 92.9

1995 210.7 188.0 87.1 100.8

1996 235.7 199.1 92.8 106.3

1997 238.4 207.6 96.5 111.1

1998 233.2 196.6 94.1 102.5

1999 235.5 188.6 95.5 93.1

2000(p) 245.1 196.0 99.5 96.6

1998: I 235.1 203.0 93.1 109.9

II 231.6 206.4 91.6 114.8

III 234.6 194.6 96.4 98.1

IV 231.6 182.3 95.3 87.0

1999: I 229.3 188.3 95.7 92.6

II 231.3 193.0 94.7 98.3

III 228.3 193.2 96.0 97.3

IV 253.2 179.9 95.5 84.4

2000: I 241.0 198.3 100.9 97.4

II 242.4 202.6 102.2 100.3

III(p) 236.9 200.6 98.1 102.5

IV(p) 260.1 182.7 96.6 86.1

Income of farm operators

from farming

Gross farm

income

Value of

inventory Production Net farm

Period changes(2) expenses income

1992 4.2 152.8 47.7

1993 -4.2 160.4 44.3

1994 8.3 167.1 48.8

1995 -5.0 173.8 36.9

1996 8.0 180.8 54.9

1997 .7 189.8 48.6

1998 -.7 188.6 44.6

1999 -.9 192.1 43.4

2000(p) -1.0 199.7 45.4

1998: I -.9 196.3 38.8

II -.9 196.3 35.3

III -.6 185.8 48.8

IV -.5 176.0 55.6

1999: I -1.1 199.5 29.9

II -1.1 200.4 30.9

III -.8 189.5 38.8

IV -.6 179.1 74.1

2000: I -1.3 205.3 35.7

II -1.3 210.1 32.3

III(p) -.9 198.4 38.5

IV(p) -.7 185.1 75.0

(1) Cash marketing receipts and inventory changes plus Government

payments, other farm cash income, and nonmoney income furnished

by farms.

(2) Physical changes in end-of-year inventory of crop and

livestock commodities valued at average prices during the year.

NOTE.–Data include net Commodity Credit Corporation loans and

operator households.

Quarterly data plotted for 1992 and 1993 in chart do not reflect

previous revision to annual data in table.

Data for 2000 are forecasts.

Source: Department of Agriculture.

CORPORATE PROFITS

In the third quarter of 2000, according to current

estimates, corporate profits before tax rose $2.6 billion (annual

rate) and profits after tax rose $4.0 billion.

[GRAPH OMITTED]

[Billions of dollars; quarterly data at

seasonally adjusted annual rates]

Profits (before tax) with inventory

valuation adjustment(1)

Domestic industries

Nonfinancial

Period Total(2) Total Financial Total(3)

1991 421.1 346.7 120.2 226.5

1992 448.8 380.1 124.8 255.2

1993 506.4 429.6 127.9 301.7

1994 561.0 483.7 114.7 369.0

1995 650.2 558.2 154.3 403.8

1996 729.4 628.6 165.3 463.3

1997 800.8 690.2 185.7 504.5

1998 775.1 671.6 164.8 506.8

1999 813.9 702.5 172.0 530.4

2000(p) ….. ….. ….. …..

1997: I 768.1 663.7 179.4 484.3

II 793.3 678.5 184.9 493.6

III 824.7 710.2 187.6 522.6

IV 817.3 708.2 190.7 517.5

1998: I 786.2 676.3 173.7 502.6

II 774.4 665.9 168.0 497.9

III 777.8 684.3 161.1 523.2

IV 762.2 660.2 156.5 503.7

1999: I 809.1 701.8 173.2 528.6

II 795.6 689.6 160.5 529.2

III 799.3 687.4 167.2 520.2

IV 851.5 731.0 187.3 543.8

2000: I 895.7 766.8 191.9 574.9

II 928.8 794.5 188.1 606.5

III 940.5 798.4 195.5 602.9

IV(p) ….. ….. ….. …..

Profits (before tax) with inventory

valuation adjustment(1)

Domestic industries

Nonfinancial

Period Manufacturing Transportation(4) Wholesale Retail

1991 93.5 53.2 22.0 27.7

1992 93.9 58.5 25.9 33.7

1993 108.4 69.6 28.2 39.7

1994 139.6 82.9 33.1 46.6

1995 166.1 85.8 29.4 44.1

1996 181.2 91.4 42.6 52.9

1997 195.2 85.0 49.2 63.9

1998 177.4 83.9 56.4 76.6

1999 181.6 88.4 56.7 81.5

2000(p) ….. ….. ….. …..

1997: I 182.6 84.6 48.1 62.3

II 192.7 86.6 47.5 59.9

III 207.9 83.8 51.9 65.7

IV 197.5 84.9 49.5 67.9

1998: I 177.1 85.7 53.2 73.7

II 175.1 82.5 57.5 75.5

III 184.5 87.6 60.5 77.0

IV 172.8 80.0 54.3 80.0

1999: I 188.8 83.8 55.2 84.0

II 184.8 79.7 58.0 84.8

III 179.8 88.6 54.3 75.4

IV 173.0 101.4 59.2 81.9

2000: I 193.7 101.9 61.2 90.2

II 201.8 103.9 69.7 92.4

III 192.1 103.1 71.1 91.8

IV(p) ….. ….. ….. …..

Profits

after tax

Profits

Period before tax Tax liability Total

1991 416.1 133.6 282.6

1992 451.6 143.1 308.4

1993 510.4 165.4 345.0

1994 573.4 186.7 386.7

1995 668.5 211.0 457.5

1996 726.3 223.6 502.7

1997 792.4 237.2 555.2

1998 758.2 244.6 513.6

1999 823.0 255.9 567.1

2000(p) ….. ….. …..

1997: I 757.7 227.0 530.7

II 781.2 231.8 549.4

III 819.0 245.2 573.8

IV 811.6 244.8 566.9

1998: I 763.5 244.1 519.4

II 766.7 245.9 520.9

III 760.1 249.0 511.1

IV 742.3 239.4 502.9

1999: I 797.6 247.8 549.9

II 804.5 250.8 553.7

III 819.0 254.2 564.8

IV 870.7 270.8 599.9

2000: I 920.7 286.3 634.4

II 942.5 292.0 650.4

III 945.1 290.6 654.4

IV(p) ….. ….. …..

Profits after tax

Inventory

Undistributed valuation

Period Dividends profits adjustment

1991 178.4 104.1 4.9

1992 185.5 122.9 -2.8

1993 203.1 141.9 -4.0

1994 234.9 151.8 -12.4

1995 254.2 203.3 -18.3

1996 297.7 205.0 3.1

1997 335.2 220.0 8.4

1998 351.5 162.1 17.0

1999 370.7 196.4 -9.1

2000(p) 397.0 ….. …..

1997: I 321.4 209.3 10.4

II 331.8 217.5 12.1

III 340.6 233.2 5.6

IV 347.1 219.8 5.7

1998: I 348.8 170.6 22.6

II 349.8 171.1 7.7

III 351.4 159.7 17.7

IV 356.1 146.9 19.9

1999: I 361.1 188.7 11.4

II 367.2 186.5 -8.9

III 373.9 190.9 -19.7

IV 380.6 219.3 -19.2

2000: I 387.3 247.1 -25.0

II 393.0 257.4 -13.6

III 400.1 254.4 -4.5

IV(p) 407.6 ….. …..

(1) See p. 4 profits with inventory valuation and capital

consumption adjustments.

(2) Includes rest of the world, not shown separately.

(3) Includes industries not shown separately.

(4) Transportation and public utilities.

Source: Department of Commerce, Bureau of Economic Analysis.

REAL GROSS PRIVATE DOMESTIC INVESTMENT

In the fourth quarter of 2000, according to revised estimates,

nonresidential fixed investment in chained (1996)

dollars fell $2.3 billion (annual rate) and residential

investment fell $3.2 billion. There was an increase of $59.5

billion in inventories following an increase of $72.5 billion

in the third quarter.

[GRAPH OMITTED]

[Billions of chained (1996) dollars; quarterly

data at seasonally adjusted annual rates]

Fixed investment

Gross

private Nonresidential

domestic

Period investment Total Total Structures

1991 829.5 832.5 610.1 210.1

1992 899.8 886.5 630.6 197.3

1993 977.9 958.4 683.6 198.9

1994 1,107.0 1,045.9 744.6 200.5

1995 1,140.6 1,109.2 817.5 210.1

1996 1,242.7 1,212.7 899.4 225.0

1997 1,393.3 1,328.6 1,009.3 245.4

1998 1,566.8 1,485.3 1,140.3 263.0

1999 1,669.7 1,621.4 1,255.3 259.2

2000(r) 1,840.4 1,771.3 1,413.3 282.6

1997: I 1,325.4 1,275.4 960.8 241.1

II 1,400.6 1,311.1 992.7 239.3

III 1,408.6 1,356.7 1,037.0 248.5

IV 1,438.5 1,371.3 1,047.0 252.7

1998: I 1,545.1 1,427.4 1,096.0 257.5

II 1,540.8 1,477.6 1,136.4 266.2

III 1,571.4 1,496.4 1,146.3 263.0

IV 1,609.9 1,539.7 1,182.3 265.1

1999: I 1,623.2 1,574.0 1,209.4 262.9

II 1,623.1 1,607.1 1,237.5 258.7

III 1,680.8 1,637.8 1,272.5 254.6

IV 1,751.6 1,666.6 1,301.8 260.6

2000: I 1,773.6 1,730.9 1,365.3 274.0

II 1,863.0 1,777.6 1,412.5 277.0

III 1,871.1 1,791.3 1,438.8 286.6

IV(r) 1,853.7 1,785.5 1,436.5 292.7

Fixed investment

Change in

Nonresidential private

inventories

Equipment

Period and software Residential Total Nonfarm

1991 407.2 221.1 -1.0 1.4

1992 437.5 257.2 17.1 10.7

1993 487.1 276.0 20.0 28.6

1994 544.9 302.7 66.8 53.6

1995 607.6 291.7 30.4 42.6

1996 674.4 313.3 30.0 22.1

1997 764.2 319.7 63.8 60.6

1998 879.0 346.1 80.2 78.7

1999 1,003.1 368.3 45.3 44.9

2000(r) 1,140.4 366.3 61.8 56.8

1997: I 719.6 314.7 49.3 50.4

II 753.7 318.7 88.3 88.3

III 788.9 320.3 51.3 42.4

IV 794.5 324.9 66.1 61.3

1998: I 839.4 332.4 117.3 109.7

II 871.3 342.4 60.9 62.5

III 885.2 350.9 73.1 79.2

IV 920.0 358.5 69.4 63.5

1999: I 950.9 365.7 48.1 49.2

II 985.0 370.9 13.1 14.1

III 1,026.6 368.0 39.1 43.5

IV 1,050.1 368.5 80.9 73.0

2000: I 1,100.4 371.4 36.6 33.0

II 1,146.6 372.6 78.6 72.3

III 1,162.4 362.3 72.5 67.4

IV(r) 1,152.1 359.1 59.5 54.4

NOTE.–See p. 10 for further detail on fixed investment by type.

Because of the formula used for evaluating real GDP, the chained

(1996) dollar estimates for the detailed components do not add to

the chained-dollar value of GDP or to any intermediate aggregates.

Source: Department of Commerce, Bureau of Economic Analysis.

REAL PRIVATE FIXED INVESTMENT BY TYPE

[Billions of chained (1996) dollars; quarterly data

at seasonally adjusted annual rates]

Nonresidential

Structures

Nonresidential

buildings,

Total including

Period nonresidential Total(1) farm

1991 610.1 210.1 142.7

1992 630.6 197.3 129.2

1993 683.6 198.9 131.7

1994 744.6 200.5 137.2

1995 817.5 210.1 147.6

1996 899.4 225.0 161.7

1997 1,009.3 245.4 177.0

1998 1,140.3 263.0 189.1

1999 1,255.3 259.2 187.4

2000(r) 1,413.3 282.6 201.1

1997: I 960.8 241.1 175.4

II 992.7 239.3 172.8

III 1,037.0 248.5 180.9

IV 1,047.0 252.7 178.8

1998: I 1,096.0 257.5 184.5

II 1,136.4 266.2 190.1

III 1,146.3 263.0 188.6

IV 1,182.3 265.1 193.2

1999: I 1,209.4 262.9 193.6

II 1,237.5 258.7 187.7

III 1,272.5 254.6 183.2

IV 1,301.8 260.6 185.1

2000: I 1,365.3 274.0 196.5

II 1,412.5 277.0 199.5

III 1,438.8 286.6 202.7

IV(r) 1,436.5 292.7 205.7

Nonresidential

Structures

Equipment

Mining and

exploration, software

shafts,

Period Utilities and wells Total(2)

1991 38.9 20.8 407.2

1992 41.8 17.2 437.5

1993 38.4 20.5 487.1

1994 36.1 19.8 544.9

1995 36.8 18.2 607.6

1996 36.0 21.1 674.4

1997 35.3 26.2 764.2

1998 43.0 24.4 879.0

1999 43.5 21.5 1,003.1

2000(r) 45.2 29.2 1,140.4

1997: I 34.4 25.5 719.6

II 34.4 26.1 753.7

III 35.5 25.7 788.9

IV 36.7 27.4 794.5

1998: I 41.5 25.1 839.4

II 43.0 26.2 871.3

III 43.6 24.6 885.2

IV 44.0 21.7 920.0

1999: I 43.3 19.7 950.9

II 43.2 20.6 985.0

III 43.6 21.3 1,026.6

IV 44.0 24.6 1,050.1

2000: I 44.9 26.1 1,100.4

II 42.8 28.4 1,146.6

III 45.6 30.5 1,162.4

IV(r) 47.5 31.9 1,152.1

Nonresidential

Equipment and software

Information processing equipment

and software

Computers

and

peripheral

Period Total equipment Software Other

1991 142.7 15.4 51.4 86.4

1992 163.0 20.8 58.7 91.5

1993 183.4 26.4 66.8 96.4

1994 206.6 32.6 74.3 104.9

1995 242.8 49.2 82.0 113.1

1996 287.3 70.9 95.1 121.3

1997 349.8 102.9 119.0 129.8

1998 431.6 149.3 151.0 140.7

1999 542.2 217.3 188.0 163.1

2000(r) 676.9 304.2 228.7 195.9

1997: I 320.9 87.2 107.7 126.5

II 339.4 98.1 115.3 127.4

III 363.7 110.5 123.0 132.8

IV 375.2 115.8 130.1 132.5

1998: I 401.4 131.8 137.8 137.7

II 422.2 144.0 146.7 139.7

III 440.7 153.4 155.7 141.6

IV 462.0 168.0 163.9 143.9

1999: I 492.9 186.1 173.3 151.4

II 526.9 208.5 181.1 161.3

III 561.1 230.9 192.5 168.1

IV 587.9 243.8 205.3 171.6

2000: I 629.4 264.1 215.0 187.3

II 669.1 297.3 224.5 196.6

III 695.6 324.3 234.3 197.5

IV(r) 713.4 331.0 241.1 202.3

Nonresidential

Equipment and software

Industrial Transportation

Period equipment equipment

1991 99.0 87.7

1992 100.8 92.3

1993 109.6 103.4

1994 119.6 120.4

1995 131.3 128.2

1996 136.4 138.9

1997 140.0 150.5

1998 146.9 168.0

1999 147.8 191.8

2000(r) 164.2 189.5

1997: I 134.9 144.5

II 140.2 150.8

III 141.8 156.2

IV 143.2 150.3

1998: I 145.5 161.1

II 146.9 167.1

III 147.6 162.3

IV 147.7 181.6

1999: I 143.7 183.1

II 145.7 189.0

III 148.9 199.1

IV 152.8 195.9

2000: I 158.9 197.3

II 164.0 199.2

III 167.4 190.6

IV(r) 166.4 171.1

Residential

Structures

Total Single

Period residential(3) Total(4) family

1991 221.1 215.1 112.3

1992 257.2 251.0 135.7

1993 276.0 269.4 148.0

1994 302.7 295.8 163.2

1995 291.7 284.4 147.7

1996 313.3 305.6 159.1

1997 319.7 311.8 158.6

1998 346.1 337.7 175.9

1999 368.3 359.2 187.6

2000(r) 366.3 356.7 189.5

1997: I 314.7 307.0 157.2

II 318.7 310.8 158.7

III 320.3 312.4 158.2

IV 324.9 316.9 160.2

1998: I 332.4 324.3 165.6

II 342.4 334.1 173.6

III 350.9 342.6 179.9

IV 358.5 350.0 184.7

1999: I 365.7 356.9 187.6

II 370.9 361.9 188.5

III 368.0 358.8 185.6

IV 368.5 359.2 188.8

2000: I 371.4 361.8 195.8

II 372.6 362.9 193.5

III 362.3 352.6 184.9

IV(r) 359.1 349.4 183.9

(1) Includes other structures, not shown separately.

(2) Includes other items, not shown separately.

(3) Includes equipment, not shown separately.

(4) Includes multifamily and other structures, not shown separately.

NOTE.–Because of the formula used for calculating real GDP,

the chained (1996) dollar estimates for the detailed components

do not add to the chained-dollar value of GDP or to any

intermediate aggregates.

Source: Department of Commerce, Bureau of Economic Analysis.

BUSINESS INVESTMENT

[Billion of dollars]

Capital expenditures

By Industry

Total

for all Total by

Period businesses Total(1) industry(2) Mining Construction

For businesses with 5 employees or more

1993 ….. 489.7 488.2 19.6 11.6

1994 ….. 549.3 547.9 24.6 9.1

1995 ….. 601.1 601.0 27.6 10.4

For businesses with employees

1996 807.1 707.1 707.1 30.2 13.8

1997 871.8 772.3 772.3 39.0 15.5

1998 973.6 879.0 879.0 40.3 18.3

Capital expenditures

By industry

Manufacturing

Durable Nondurable

Period Total goods goods Transportation

For businesses with 5 employees or more

1993 134.1 66.4 67.7 30.6

1994 154.4 79.7 74.7 33.3

1995 181.0 97.0 84.0 33.9

For businesses with employees

1996 191.8 109.9 81.9 36.7

1997 192.3 108.4 83.9 45.0

1998 207.3 119.0 88.3 51.8

Capital expenditures

By industry

Wholesale Retail

Period Communications Utilities trade trade

For businesses with 5 employees or more

1993 37.1 41.3 19.0 41.4

1994 41.9 41.5 23.5 46.5

1995 46.3 38.4 24.5 51.9

For businesses with employees

1996 57.1 36.7 26.0 55.8

1997 68.5 38.7 28.8 55.9

1998 78.5 42.3 31.2 63.1

Capital expenditures

By industry

For

Insurance businesses

and real without

Period Finance estate Services employees

For businesses with

5 employees or more

1993 26.0 14.2 111.8 …..

1994 29.8 17.4 123.8 …..

1995 30.4 19.8 134.2 …..

For businesses with employees

1996 84.7 23.4 145.9 100.0

1997 91.3 29.3 165.0 99.4

1998 110.1 50.3 182.4 94.5

(1) For 1993, 1994, and 1995 includes an item for

not distributed by industry, not shown separately.

(2) Includes an item for expenditures serving multiple

industries, not shown separately.

NOTE.–All data from Annual Capital Expenditures.

Source: Department of Commerce, Bureau of the Census.

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COPYRIGHT 2001 Gale Group