Total output, income, and spending
TOTAL OUTPUT, INCOME, AND SPENDING
GROSS DOMESTIC PRODUCT
In the second quarter of 2002, according to revised estimates,
current-dollar gross domestic product (GDP) rose 2.3 percent (annual
rate), real GDP (GDP in chained 1996 dollars) rose 1.1 percent, and the
implicit price deflator rose 1.1 percent.
[GRAPHIC OMITTED][Billions of current dollars; quarterly data at seasonally adjustedannual rates]
Personal Gross
Gross con- private
Period domestic sumption domestic
product expendi- product
tures
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 8,781.5 5,856.0 1,538.7
1999 9,274.3 6,246.5 1,636.7
2000 9,824.6 6,683.7 1,755.4
2001 10,082.2 6,987.0 1,586.0
1999: I 9,092.7 6,076.6 1,618.0
II 9,171.7 6,195.6 1,597.8
III 9,316.5 6,299.4 1,637.9
IV 9,516.4 6,414.5 1,693.2
2000: I 9,649.5 6,552.2 1,711.4
II 9,820.7 6,638.7 1,786.3
III 9,874.8 6,736.1 1,766.4
IV 9,953.6 6,808.0 1,757.4
2001: I 10,028.1 6,904.7 1,671.1
II 10,049.9 6,959.8 1,597.2
III 10,097.7 6,983.7 1,574.9
IV 10,152.9 7,099.9 1,500.7
2002: I 10,313.1 7,174.2 1,559.4
II (r) 10,371.0 7,252.2 1,589.7
Exports and imports
of goods and services
Period Net Exports Imports
exports
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 -151.7 964.9 1,116.7
1999 -249.9 989.3 1,239.2
2000 -365.5 1,101.1 1,466.6
2001 -348.9 1,034.1 1,383.0
1999: I -196.4 959.2 1,155.6
II -241.8 970.2 1,212.0
III -274.6 996.8 1,271.4
IV -286.7 1,031.2 1,317.9
2000: I -330.6 1,055.9 1,386.5
II -353.2 1,098.0 1,451.1
III -384.9 1,130.9 1,515.8
IV -393.2 1,119.8 1,513.0
2001: I -372.7 1,100.0 1,472.8
II -365.7 1,059.7 1,425.3
III -312.6 1,005.8 1,318.4
IV -344.5 971.1 1,315.6
2002: I -360.1 977.5 1,337.5
II (r) -431.3 1,013.4 1,444.7
Government consumption expenditures
and gross investment
Federal
Period Total Total National Non-
defense defense
1992 1,270.5 534.5 378.5 156.0
1993 1,293.0 527.3 364.9 162.4
1994 1,327.9 521.1 355.1 165.9
1995 1,372.0 521.5 350.6 170.9
1996 1,421.9 531.6 357.0 174.6
1997 1,487.9 538.2 352.6 185.6
1998 1,538.5 539.2 349.1 190.1
1999 1,641.0 565.0 364.3 200.7
2000 1,751.0 589.2 374.9 214.3
2001 1,858.0 628.1 399.9 228.2
1999: I 1,594.5 550.0 354.0 196.0
II 1,620.1 556.1 355.1 201.0
III 1,653.9 569.0 368.7 200.3
IV 1,695.4 584.9 379.5 205.5
2000: I 1,716.5 575.7 365.5 210.2
II 1,748.8 598.5 379.1 219.4
III 1,757.2 589.7 375.0 214.7
IV 1,781.4 592.9 380.0 213.0
2001: I 1,825.0 613.3 391.4 221.9
II 1,858.5 624.8 395.2 229.6
III 1,851.7 627.4 400.3 227.2
IV 1,896.8 646.9 412.8 234.1
2002: I 1,939.5 672.0 431.7 240.3
II (r) 1,960.4 688.8 442.1 246.7
Government
consumption
expenditures
and gross
investment
Final
State sales of Gross
and domestic domestic
Period local product purchases (1)
1992 736.0 6,303.9 6,346.8
1993 765.7 6,621.2 6,702.8
1994 806.8 6,991.8 7,141.4
1995 850.5 7,367.5 7,484.8
1996 890.4 7,783.2 7,902.1
1997 949.7 8,255.5 8,407.7
1998 999.3 8,708.4 8,933.3
1999 1,076.0 9,214.8 9,524.2
2000 1,161.8 9,761.1 10,190.1
2001 1,229.9 10,142.5 10,431.0
1999: I 1,044.5 9,018.0 9,289.1
II 1,064.0 9,144.0 9,413.5
III 1,084.8 9,269.7 9,591.2
IV 1,110.5 9,427.5 9,803.1
2000: I 1,140.8 9,602.6 9,980.1
II 1,150.3 9,731.5 10,173.9
III 1,167.4 9,813.6 10,259.7
IV 1,188.5 9,896.6 10,346.8
2001: I 1,211.7 10,055.3 10,400.8
II 1,233.7 10,107.0 10,415.5
III 1,224.3 10,158.3 10,410.4
IV 1,249.8 10,249.4 10,497.4
2002: I 1,267.5 10,343.0 10,673.1
II (r) 1,271.6 10,365.1 10,802.4
Adden-
dum:
Gross
national
Period product
1992 6,342.3
1993 6,666.7
1994 7,071.1
1995 7,420.9
1996 7,831.2
1997 8,325.4
1998 8,778.1
1999 9,297.1
2000 9,848.0
2001 10,104.1
1999: I 9,112.7
II 9,195.9
III 9,333.6
IV 9,546.0
2000: I 9,670.5
II 9,846.4
III 9,892.5
IV 9,982.8
2001: I 10,038.0
II 10,081.0
III 10,109.3
IV 10,188.1
2002: I 10,314.9
II (r) 10,356.7
(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 private
domestic
investment
Personal Nonresi-
con- dential
Gross sumption fixed
domestic expendi- invest-
Period product tures ment
1992 6,880.0 4,594.5 630.6
1993 7,062.6 4,748.9 683.6
1994 7,347.7 4,928.1 744.6
1995 7,543.8 5,075.6 817.5
1996 7,813.2 5,237.5 899.4
1997 8,159.5 5,423.9 1,009.3
1998 8,508.9 5,683.7 1,135.9
1999 8,859.0 5,964.5 1,228.4
2000 9,191.4 6,223.9 1,324.2
2001 9,214.5 6,377.2 1,255.1
1999: I 8,733.2 5,851.4 1,197.5
II 8,775.5 5,932.8 1,220.4
III 8,886.9 6,000.1 1,243.3
IV 9,040.1 6,073.6 1,252.4
2000: I 9,097.4 6,151.9 1,297.1
II 9,205.7 6,198.2 1,329.1
III 9,218.7 6,256.8 1,340.7
IV 9,243.8 6,288.8 1,329.9
2001: I 9,229.9 6,326.0 1,311.4
II 9,193.1 6,348.0 1,261.0
III 9,186.4 6,370.9 1,241.7
IV 9,248.8 6,464.0 1,206.4
2002: I 9,363.2 6,513.8 1,188.4
II (r) 9,389.6 6,543.8 1,180.7
Gross private Exports and
domestic investment imports of
goods and
services
Resi- Change
dential in pri-
fixed vate
invest- inven- Net
Period ment tories exports
1992 257.2 17.1 -19.8
1993 276.0 20.0 -59.1
1994 302.7 66.8 -86.5
1995 291.7 30.4 -78.4
1996 313.3 30.0 -89.0
1997 319.7 63.8 -113.3
1998 345.1 76.7 -221.1
1999 368.3 62.8 -320.5
2000 372.4 65.0 -398.8
2001 373.5 -61.4 -415.9
1999: I 364.1 80.0 -283.2
II 368.4 31.2 -319.6
III 369.2 47.6 -339.6
IV 371.7 92.2 -339.5
2000: I 379.1 45.3 -368.8
II 376.2 91.5 -394.6
III 367.2 63.1 -413.1
IV 367.2 59.9 -418.5
2001: I 374.5 -26.9 -404.5
II 374.0 -58.3 -414.8
III 374.3 -61.8 -419.0
IV 371.0 -98.4 -425.3
2002: I 383.6 -28.9 -446.6
II (r) 385.7 7.3 -494.1
Exports and imports Government
of goods and consumption
services expenditures
and gross
investment
Period Exports Imports Total
1992 651.0 670.8 1,410.0
1993 672.7 731.8 1,398.8
1994 732.8 819.4 1,400.1
1995 808.2 886.6 1,406.4
1996 874.2 963.1 1,421.9
1997 981.5 1,094.8 1,455.4
1998 1,002.4 1,223.5 1,483.3
1999 1,036.3 1,356.8 1,540.6
2000 1,137.2 1,536.0 1,582.5
2001 1,076.1 1,492.0 1,640.4
1999: I 1,007.5 1,290.7 1,515.9
II 1,018.1 1,337.7 1,526.7
III 1,044.1 1,383.7 1,546.5
IV 1,075.6 1,415.2 1,573.2
2000: I 1,095.8 1,464.6 1,568.3
II 1,133.9 1,528.5 1,586.1
III 1,165.5 1,578.6 1,582.2
IV 1,153.7 1,572.2 1,593.4
2001: I 1,135.8 1,540.3 1,615.7
II 1,098.8 1,513.6 1,638.0
III 1,048.0 1,467.0 1,633.3
IV 1,021.8 1,447.2 1,674.5
2002: I 1,030.6 1,477.1 1,697.3
II (r) 1,060.9 1,555.0 1,703.4
Government consumption expenditures
and gross investment
Federal
National Non-
Period Total defense defense
1992 595.1 417.1 177.9
1993 572.0 394.7 177.3
1994 551.3 375.9 175.5
1995 536.5 361.9 174.6
1996 531.6 357.0 174.6
1997 529.6 347.7 181.8
1998 525.4 341.6 183.8
1999 537.7 348.8 188.8
2000 544.4 348.7 195.6
2001 570.6 366.0 204.4
1999: I 527.2 341.2 185.9
II 530.6 341.0 189.5
III 540.1 352.4 187.7
IV 553.0 360.8 192.1
2000: I 533.8 341.3 192.3
II 544.0 353.4 200.3
III 543.7 347.9 195.6
IV 546.4 351.9 194.3
2001: I 559.0 359.0 199.8
II 567.2 361.4 205.6
III 568.9 365.5 203.2
IV 587.2 378.0 209.1
2002: I 597.8 388.5 209.3
II (r) 609.0 395.7 213.3
Government
consumption
expenditures
and gross
investment
Final Gross
State sales of domestic
and domestic pur-
Period local product chases (1)
1992 815.3 6,867.7 6,896.4
1993 827.0 7,043.8 7,120.6
1994 848.9 7,285.8 7,434.2
1995 869.9 7,512.2 7,621.8
1996 890.4 7,783.2 7,902.1
1997 925.8 8,095.2 8,271.7
1998 957.7 8,431.8 8,721.3
1999 1,002.4 8,793.9 9,160.2
2000 1,037.4 9,121.1 9,561.2
2001 1,069.4 9,258.4 9,600.7
1999: I 988.3 8,654.3 9,002.1
II 995.7 8,741.0 9,076.2
III 1,006.0 8,833.6 9,204.9
IV 1,019.8 8,946.6 9,357.7
2000: I 1,033.8 9,042.9 9,440.8
II 1,031.8 9,111.1 9,571.9
III 1,037.8 9,150.4 9,600.9
IV 1,046.3 9,179.8 9,631.0
2001: I 1,056.2 9,243.8 9,604.6
II 1,070.2 9,234.3 9,577.1
III 1,064.1 9,230.5 9,575.8
IV 1,087.1 9,324.9 9,645.3
2002: I 1,099.3 9,379.4 9,778.2
II (r) 1,094.4 9,372.9 9,843.7
Adden-
dum:
gross
national
Period product
1992 6,905.8
1993 7,087.8
1994 7,364.3
1995 7,564.0
1996 7,831.2
1997 8,168.1
1998 8,508.4
1999 8,883.7
2000 9,237.3
2001 9,216.2
1999: I 8,755.5
II 8,801.8
III 8,906.4
IV 9,071.1
2000: I 9,119.7
II 9,233.0
III 9,238.2
IV 9,274.0
2001: I 9,241.7
II 9,224.3
III 9,199.8
IV 9,283.5
2002: I 9,367.5
II (r) 9,379.0
(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
Period product Total goods
1992 91.84 91.62 98.28
1993 94.05 93.81 99.06
1994 96.01 95.70 100.56
1995 98.10 97.90 101.06
1996 100.00 100.00 100.00
1997 101.95 101.94 97.75
1998 103.20 103.03 95.40
1999 104.69 104.73 93.03
2000 106.89 107.39 91.46
2001 109.42 109.56 89.70
1999: I 104.12 103.85 93.71
II 104.51 104.43 93.24
III 104.83 104.99 92.84
IV 105.27 105.61 92.38
2000: I 106.07 106.51 91.91
II 106.68 107.11 91.74
III 107.12 107.66 91.24
IV 107.68 108.26 90.96
2001: I 108.65 109.15 90.70
II 109.32 109.64 89.91
III 109.92 109.62 89.31
IV 109.78 109.84 88.97
2002: I 110.14 110.14 88.02
II (r) 110.45 110.83 87.38
Personal cunsumption Gross private
expenditures domestic
investment
Nonresi-
Nondura- dential
Period ble goods Services fixed
1992 95.20 88.50 99.29
1993 96.14 91.56 99.81
1994 96.83 94.16 100.54
1995 97.93 97.25 100.93
1996 100.00 100.00 100.00
1997 101.34 103.12 99.02
1998 101.31 105.53 96.95
1999 103.69 107.81 95.53
2000 107.59 110.85 95.59
2001 109.17 114.32 95.73
1999: I 102.13 106.92 96.04
II 103.29 107.44 95.68
III 104.16 108.07 95.28
IV 105.10 108.78 95.16
2000: I 106.48 109.75 95.33
II 107.28 110.44 95.43
III 108.04 111.15 95.73
IV 108.53 112.02 95.85
2001: I 109.00 113.42 95.95
II 109.80 114.08 95.96
III 109.42 114.40 95.68
IV 108.45 115.38 95.31
2002: I 108.52 116.14 94.81
II (r) 109.75 116.89 94.53
Gross private Exports and imports of
domestic goods and services
investment
Residen-
dential
Period fixed Exports Imports
1992 87.69 97.82 99.09
1993 91.23 97.82 98.18
1994 94.48 98.94 99.12
1995 97.91 101.28 101.83
1996 100.00 100.00 100.00
1997 102.68 98.47 96.44
1998 105.58 96.26 91.27
1999 109.59 95.47 91.33
2000 114.40 96.83 95.49
2001 119.09 96.10 92.70
1999: I 108.02 95.21 89.54
II 109.22 95.29 90.60
III 110.11 95.47 91.88
IV 110.98 95.87 93.13
2000: I 112.89 96.36 94.67
II 113.98 96.83 94.94
III 114.87 97.03 96.02
IV 115.91 97.06 96.24
2001: I 117.49 96.85 95.61
II 118.78 96.44 94.17
III 119.51 95.97 89.87
IV 120.60 95.03 90.91
2002: I 120.61 94.85 90.55
II (r) 121.26 95.52 92.91
Government consumption expenditures
and gross investment
Federal
State
National Non- and
Period Total defense defense local
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 102.63 102.22 103.41 104.34
1999 105.08 104.44 106.29 107.33
2000 108.23 107.53 109.55 111.98
2001 110.09 109.27 111.63 115.01
1999: I 104.33 103.77 105.41 105.70
II 104.82 104.15 106.08 106.86
III 105.36 104.65 106.70 107.84
IV 105.77 105.16 106.94 108.89
2000: I 107.87 107.09 109.34 110.35
II 108.04 107.26 109.52 111.49
III 108.48 107.80 109.77 112.49
IV 108.52 107.96 109.59 113.59
2001: I 109.72 109.02 111.06 114.72
II 110.15 109.35 111.67 115.28
III 110.29 109.50 111.79 115.06
IV 110.18 109.22 111.97 114.97
2002: I 112.41 111.14 114.79 115.29
II (r) 113.10 111.73 115.67 116.19
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
Period GDP Real GDP GDP GDP
(current (chain-type chain-type implicit
dollars) quantity price index price
index) deflator
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 112.39 108.91 103.20 103.20
1999 118.70 113.39 104.69 104.69
2000 125.74 117.64 106.89 106.89
2001 129.04 117.94 109.42 109.42
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 110.43 107.46 102.76 102.76
II 111.32 108.06 103.02 103.01
III 112.84 109.16 103.38 103.38
IV 114.99 110.94 103.66 103.65
1999: I 116.38 111.78 104.12 104.12
II 117.39 112.32 104.52 104.51
III 119.24 113.74 104.84 104.83
IV 121.80 115.70 105.28 105.27
2000: I 123.50 116.44 106.08 106.07
II 125.69 117.82 106.69 106.68
III 126.39 117.99 107.13 107.12
IV 127.40 118.31 107.68 107.68
2001: I 128.35 118.13 108.66 108.65
II 128.63 117.66 109.32 109.32
III 129.24 117.58 109.92 109.92
IV 129.95 118.37 109.78 109.78
2002: I 132.00 119.84 110.14 110.14
II (r) 132.74 120.18 110.45 110.45
Percent change from preceding period (1)
Period GDP Real GDP GDP GDP
(current (chain-type chain-type implicit
dollars) quantity price price
index) index deflator
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 5.6 4.3 1.2 1.2
1999 5.6 4.1 1.4 1.4
2000 5.9 3.8 2.1 2.1
2001 2.6 .3 2.4 2.4
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 7.2 6.1 1.1 1.1
II 3.3 2.2 1.0 1.0
III 5.6 4.1 1.4 1.4
IV 7.8 6.7 1.1 1.1
1999: I 4.9 3.0 1.8 1.8
II 3.5 2.0 1.5 1.5
III 6.5 5.2 1.2 1.2
IV 8.9 7.1 1.7 1.7
2000: I 5.7 2.6 3.1 3.1
II 7.3 4.8 2.3 2.3
III 2.2 .6 1.6 1.6
IV 3.2 1.1 2.1 2.1
2001: I 3.0 -.6 3.7 3.7
II .9 -1.6 2.5 2.5
III 1.9 -.3 2.2 2.2
IV 2.2 2.7 -.5 -.5
2002: I 6.5 5.0 1.3 1.3
II (r) 2.3 1.1 1.1 1.1
(1) Percent changes based on unrounded data. Quartely percent changes
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 business (dollars)
(billions of dollars)
Period Current Chained Price per Compensa-
dollars (1996) unit of tion of
dollars real gross employees
product of (unit labor
nonfinan- cost)
cial corpo-
rate busi-
ness (1)
1992 3,288.0 3,468.4 0.948 0.633
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 4,707.1 4,658.1 1.011 .656
1999 4,981.0 4,896.3 1.017 .668
2000 5,295.0 5,075.7 1.043 .698
2001 5,354.2 5,048.7 1.061 .708
1999: I 4,899.9 4,832.8 1.014 .665
II 4,945.1 4,870.2 1.015 .665
III 4,995.0 4,909.6 1.017 .669
IV 5,084.2 4,972.7 1.022 .674
2000: I 5,228.7 5,065.2 1.032 .688
II 5,275.1 5,063.2 1.042 .692
III 5,335.5 5,095.3 1.047 .702
IV 5,340.7 5,079.1 1.052 .710
2001: I 5,318.6 5,037.6 1.056 .712
II 5,340.9 5,032.2 1.061 .712
III 5,365.7 5,029.0 1.067 .710
IV 5,391.6 5,096.1 1.058 .697
2002: I 5,429.7 5,142.7 1.056 .695
II (p) 5,483.8 5,198.9 1.055 .694
Price costs, and profits
per unit of real output
(dollars)
Unit non labor cost
Period Total Consumption Indirect Net
of fixed business interest
capital tax,
etc. (2)
1992 0.236 0.107 0.096 0.033
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 .240 .112 .098 .030
1999 .244 .114 .098 .032
2000 .254 .118 .100 .036
2001 .272 .129 .104 .039
1999: I .239 .112 .097 .030
II .241 .113 .097 .031
III .246 .115 .098 .033
IV .247 .114 .099 .034
2000: I .248 .115 .099 .034
II .253 .117 .100 .036
III .256 .119 .100 .037
IV .261 .121 .102 .038
2001: I .268 .125 .104 .039
II .271 .127 .105 .039
III .276 .136 .101 .039
IV .273 .129 .105 .039
2002: I .272 .130 .105 .037
II (p) .274 .132 .105 .037
Price costs, and profits
per unit of real output
(dollars)
Corporate profits with inventory
valuation and capital consumption
adjustments (3)
Period Total Profits Profits
tax after
liability tax (4)
1992 0.080 0.026 .054
1993 .091 .029 .062
1994 .106 .034 .072
1995 .112 .035 .077
1996 .122 .036 .086
1997 .126 .036 .090
1998 .114 .033 .081
1999 .106 .034 .072
2000 .091 .034 .057
2001 .081 .024 .056
1999: I .110 .034 .076
II .109 .035 .074
III .103 .034 .069
IV .102 .034 .068
2000: I .097 .036 .061
II .097 .036 .061
III .090 .033 .056
IV .081 .030 .051
2001: I .076 .027 .050
II .078 .027 .051
III .080 .026 .054
IV .088 .018 .070
2002: I .088 .023 .065
II (p) .087 .025 .062
(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 subsidies.
(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|
Compen-
sation
of
National employ-
Period income ees (1)
1992 4,994.9 3,644.8
1993 5,251.9 3,814.4
1994 5,556.8 4,016.2
1995 5,876.7 4,202.5
1996 6,210.4 4,395.6
1997 6,618.4 4,651.3
1998 7,041.4 4,989.6
1999 7,468.7 5,308.8
2000 7,984.4 5,723.4
2001 8,122.0 5,874.9
1999: I 7,343.1 5,216.8
II 7,405.9 5,260.3
III 7,475.9 5,329.0
IV 7,650.1 5,429.1
2000: I 7,860.2 5,627.3
II 7,954.5 5,670.5
III 8,048.3 5,773.1
IV 8,074.8 5,822.7
2001: I 8,092.1 5,878.9
II 8,110.1 5,879.3
III 8,089.1 5,880.4
IV 8,196.8 5,860.9
2002: I 8,276.5 5,916.4
II (r) 8,330.1 5,968.9
Proprietors’ income
with inventory
valuation and
capital consumption
adjustments
Rental
income
of
persons
with
capital
consump-
tion
adjust-
Period Farm Nonfarm ment
1992 32.7 401.7 63.3
1993 30.1 431.7 90.9
1994 31.9 444.6 110.3
1995 22.2 475.5 117.9
1996 34.3 510.5 129.7
1997 29.7 551.5 128.3
1998 25.6 598.2 138.6
1999 27.7 650.7 149.1
2000 22.6 692.2 146.6
2001 19.0 708.8 137.9
1999: I 30.1 629.2 148.9
II 29.7 644.5 149.9
III 25.7 657.0 145.8
IV 25.4 672.0 152.0
2000: I 22.3 680.2 151.4
II 25.0 693.8 146.7
III 21.7 696.9 144.9
IV 21.2 698.1 143.5
2001: I 19.3 701.9 137.0
II 18.4 708.2 134.3
III 19.3 713.1 140.8
IV 19.2 712.1 139.3
2002: I 21.7 726.7 141.3
II (r) 7.5 739.7 154.5
Corporate profits with inventory valuation and
capital consumption adjustments
Profits with inventory valuation
adjustment and without capital
consumption adjustments
Inventory
Profits valuation
before adjust-
Period Total Total tax ment
1992 453.1 448.8 451.6 -2.8
1993 510.5 506.4 510.4 -4.0
1994 573.2 561.0 573.4 -12.4
1995 668.8 650.2 668.5 -18.3
1996 754.0 729.4 726.3 3.1
1997 833.8 800.8 792.4 8.4
1998 777.4 739.4 721.1 18.3
1999 805.8 757.9 762.1 -4.2
2000 788.1 767.3 782.3 -15.0
2001 731.6 675.1 670.2 5.0
1999: I 808.2 760.5 744.4 16.0
II 802.1 750.5 752.9 -2.5
III 788.0 739.6 753.4 -13.8
IV 824.7 781.0 797.6 -16.6
2000: I 807.6 774.3 796.9 -22.6
II 807.3 784.2 800.5 -16.4
III 787.7 772.3 780.6 -8.3
IV 749.7 738.6 751.1 -12.5
2001: I 706.5 696.9 707.0 -10.1
II 721.4 714.0 720.2 -6.2
III 687.2 663.2 654.3 8.9
IV 811.4 626.3 599.1 27.2
2002: I 797.6 641.3 639.4 1.9
784.2 651.8 656.4 -4.6
Capital
consump-
tion
adjust- Net
Period ment 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 38.0 511.9
1999 47.9 526.6
2000 20.8 611.5
2001 56.5 649.8
1999: I 47.8 509.9
II 51.6 519.4
III 48.5 530.4
IV 43.7 546.8
2000: I 33.4 571.1
II 23.1 611.1
III 15.4 624.0
IV 11.1 639.6
2001: I 9.6 648.5
II 7.3 648.6
III 23.9 648.3
IV 185.1 653.9
2002: I 156.3 672.8
II (r) 132.4 675.4
(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 channel (1996) dollars, quarterly data at seasonally
adjusted annual rates|
Durable goods
Total
personal
con- Motor
sumption Total vehicles
expendi- durable and
Period tures goods parts
1992 4,594.5 479.0 225.7
1993 4,748.9 518.3 242.2
1994 4,928.1 557.7 255.1
1995 5,075.6 583.5 253.4
1996 5,237.5 616.5 256.3
1997 5,423.9 657.3 264.8
1998 5,683.7 726.7 292.0
1999 5,964.5 812.5 322.1
2000 6,223.9 878.9 338.4
2001 6,377.2 931.9 361.9
1999: I 5,851.4 777.6 309.0
II 5,932.8 804.2 322.9
III 6,000.1 824.1 326.9
IV 6,073.6 844.2 329.5
2000: I 6,151.9 879.5 347.3
II 6,198.2 871.3 333.8
III 6,256.8 888.5 343.6
IV 6,288.8 876.5 329.1
2001: I 6,326.0 900.6 345.1
II 6,348.0 912.4 349.5
III 6,370.9 922.6 352.8
IV 6,464.0 992.0 400.4
2002: I 6,513.8 975.9 370.0
II (r) 6,543.8 981.2 369.2
Durable goods Nondurable
goods
Fur-
niture
and
house- Total
hold nondur-
equip- able
Period ment Other goods
1992 161.5 94.1 1,389.7
1993 177.4 100.7 1,430.3
1994 196.3 107.6 1,485.1
1995 215.4 115.0 1,529.0
1996 236.9 123.3 1,574.1
1997 261.9 130.8 1,619.9
1998 293.3 141.8 1,686.4
1999 335.1 156.5 1,765.1
2000 374.0 169.6 1,833.8
2001 398.0 175.3 1,869.8
1999: I 317.8 151.6 1,736.1
II 328.6 153.4 1,756.7
III 340.8 157.7 1,767.7
IV 353.1 163.5 1,799.9
2000: I 366.0 167.8 1,809.7
II 372.2 168.6 1,831.6
III 377.1 170.7 1,840.9
IV 380.6 171.3 1,853.1
2001: I 386.0 173.1 1,863.7
II 392.8 174.2 1,862.3
III 399.5 175.0 1,868.3
IV 413.6 178.9 1,885.0
2002: I 428.2 184.2 1,921.4
II (r) 435.6 184.2 1,921.9
Nondurable goods
Gaso-
Clothing line
and and
Period Food shoes oil
1992 725.6 208.8 112.5
1993 745.1 218.5 115.4
1994 764.9 231.6 117.4
1995 777.0 244.3 120.2
1996 786.0 258.6 124.2
1997 794.5 271.6 128.1
1998 819.4 290.4 131.8
1999 846.8 312.1 136.4
2000 879.0 329.4 135.7
2001 887.0 337.7 138.8
1999: I 831.9 307.9 134.3
II 842.2 311.6 136.8
III 847.3 314.1 136.1
IV 866.0 314.7 138.6
2000: I 870.8 322.3 134.4
II 880.5 327.9 135.9
III 880.7 332.3 136.1
IV 883.9 335.1 136.3
2001: I 889.1 334.3 137.6
II 887.4 334.7 136.2
III 884.3 337.1 139.9
IV 887.1 344.8 141.4
2002: I 901.4 355.8 145.1
II (r) 900.3 355.7 143.5
Nondurable goods Services
Fuel
oil
and Total
Period coal Other services (1)
1992 13.2 331.2 2,729.7
1993 14.0 338.5 2,802.5
1994 15.0 356.8 2,886.2
1995 15.7 372.0 2,963.4
1996 15.6 389.8 3,047.0
1997 15.0 410.8 3,147.0
1998 14.3 430.8 3,273.4
1999 14.7 455.7 3,395.4
2000 14.0 477.0 3,524.5
2001 12.6 495.5 3,594.9
1999: I 14.6 448.1 3,343.6
II 15.2 451.7 3,379.7
III 14.7 456.3 3,417.4
IV 14.1 466.6 3,440.7
2000: I 13.3 469.8 3,477.7
II 14.2 474.1 3,508.2
III 14.0 479.2 3,541.7
IV 14.5 484.7 3,570.6
2001: I 13.9 490.0 3,576.3
II 12.3 493.5 3,589.3
III 12.2 496.5 3,597.5
IV 12.2 502.0 3,616.6
2002: I 12.4 510.1 3,642.2
II (r) 12.1 513.7 3,666.1
Services
Retail sales
of new pas-
senger cars
and light
trucks (mil-
Medical lions of
Period Housing care units)
1992 719.3 765.4 12.8
1993 728.1 775.4 13.9
1994 749.1 783.1 15.0
1995 763.7 797.7 14.7
1996 772.6 814.4 15.0
1997 787.2 835.4 15.1
1998 808.7 857.7 15.4
1999 835.0 875.6 16.8
2000 851.3 900.1 17.2
2001 866.0 938.3 17.0
1999: I 827.6 867.3 16.2
II 833.0 872.1 16.6
III 837.7 878.6 17.1
IV 841.6 884.4 17.2
2000: I 844.7 888.5 18.1
II 849.5 896.2 17.1
III 853.4 903.2 17.4
IV 857.5 912.5 16.3
2001: I 862.0 921.4 16.9
II 865.1 932.7 16.5
III 867.1 944.3 16.2
IV 869.6 954.9 18.4
2002: I 874.0 963.4 16.3
II (r) 878.5 974.6 16.3
(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 aggreagates.
Source: Department of Commerce, Bureau of Economic Analysis.
SOURCES OF PERSONAL INCOME
Personal income rose $2.4 billion (annual rate) in July, following an
increase of $58.6 billion in June. Wages and salaries fell $10.7
billion in July, following an increase of $37.9 billion in June.
[GRAPHIC OMITTED][Billions of dollars; monthly data at seasonally adjusted annual rates]Period Total Wage and Other
personal salary labor
income disburse- income (1 2)
ments. (1)
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 7,426.0 4,192.8 490.6
1999 7,786.5 4,470.4 510.2
2000 8,406.6 4,836.3 544.2
2001 8,685.3 4,950.6 570.4
2001: July 8,710.1 4,962.9 571.0
Aug 8,701.0 4,952.3 572.3
Sept 8,707.5 4,946.1 573.8
Oct 8,685.2 4,923.5 574.7
Nov 8,686.7 4,922.3 576.2
Dec 8,730.9 4,948.6 577.9
2002: Jan 8,774.9 4,949.6 586.1
Feb 8,815.6 4,965.8 590.7
Mar 8,840.8 4,980.3 595.5
Apr (r) 8,875.7 4,977.7 599.8
May (r) 8,911.7 4,995.0 603.9
June (r) 8,970.3 5,032.9 608.5
July (r) 8,972.7 5,022.2 612.6
Proprietors’ income (3)
Period Farm Nonfarm Rental
income
of
persons (4)
1992 32.7 401.7 63.3
1993 30.1 431.7 90.9
1994 31.9 444.6 110.3
1995 22.2 475.5 117.9
1996 34.3 510.5 129.7
1997 29.7 551.5 128.3
1998 25.6 598.2 138.6
1999 27.7 650.7 149.1
2000 22.6 692.2 146.6
2001 19.0 708.8 137.9
2001: July 19.1 710.2 137.8
Aug 19.3 712.8 141.1
Sept 19.4 716.4 143.5
Oct 19.1 708.7 141.0
Nov 19.2 710.2 139.6
Dec 19.4 717.4 137.3
2002: Jan 20.8 722.4 139.4
Feb 21.8 728.2 141.3
Mar 22.5 729.4 143.2
Apr (r) 14.1 737.5 148.8
May (r) 5.1 740.7 154.4
June (r) 3.3 741.0 160.1
July (r) 7.8 743.3 154.5
Period Personal Personal Transfer
dividend interest payments (5)
income income
1992 185.3 750.1 751.7
1993 203.0 725.5 798.6
1994 234.7 742.4 833.9
1995 254.0 792.5 885.9
1996 297.4 810.6 928.8
1997 334.9 864.0 962.2
1998 348.3 964.4 983.7
1999 328.0 969.2 1,018.5
2000 375.7 1,077.0 1,070.3
2001 409.2 1,091.3 1,170.4
2001: July 408.8 1,090.4 1,183.1
Aug 411.0 1,086.5 1,178.7
Sept 413.1 1,082.3 1,185.7
Oct 415.1 1,074.7 1,200.3
Nov 417.2 1,072.2 1,201.9
Dec 419.6 1,071.9 1,212.9
2002: Jan 421.8 1,070.9 1,243.5
Feb 423.8 1,069.9 1,255.0
Mar 425.5 1,069.0 1,257.6
Apr (r) 428.0 1,077.1 1,274.9
May (r) 430.3 1,085.2 1,280.4
June (r) 432.7 1,093.2 1,284.6
July (r) 435.0 1,092.5 1,290.3
Period Less: Personal
contributions
for social
insurance
1992 226.6
1993 237.8
1994 254.1
1995 268.8
1996 280.4
1997 297.9
1998 316.3
1999 337.4
2000 358.4
2001 372.3
2001: July 373.3
Aug 373.0
Sept 372.9
Oct 371.9
Nov 372.1
Dec 374.0
2002: Jan 379.8
Feb 381.0
Mar 382.1
Apr (r) 382.1
May (r) 383.4
June (r) 386.0
July (r) 385.6
(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) Consist 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 rose at an annual rate of 2.5 percent in the
second quarter of 2002.
[GRAPHIC OMITTED]Period Personal Less: Equals: Less:
income Personal Disposable Personal
tax and personal out-
nontax income lays (1)
payments
Billions of dollars
1992 5,390.4 635.8 4,754.6 4,340.9
1993 5,610.0 674.6 4,935.3 4,584.5
1994 5,888.0 722.6 5,165.4 4,849.9
1995 6,200.9 778.3 5,422.6 5,120.2
1996 6,547.4 869.7 5,677.7 5,405.6
1997 6,937.0 968.8 5,968.2 5,715.3
1998 7,426.0 1,070.4 6,355.6 6,054.1
1999 7,786.5 1,159.1 6,627.4 6,453.3
2000 8,406.6 1,286.4 7,120.2 6,918.6
2001 8,685.3 1,292.1 7,393.2 7,223.5
Seasonally adjusted annual rates
1999: I 7,655.9 1,125.5 6,530.3 6,276.4
II 7,722.2 1,142.0 6,580.2 6,400.3
III 7,807.7 1,167.2 6,405.5 6,507.2
IV 7,960.2 1,201.8 6,758.4 6,629.4
2000: I 8,211.6 1,256.3 6,955.3 6,775.9
II 8,350.2 1,273.0 7,077.2 6,869.8
III 8,487.8 1,299.6 7,188.2 6,976.7
IV 8,576.6 1,316.7 7,259.8 7,052.1
2001: I 8,658.1 1,340.6 7,317.5 7,143.9
II 8,676.2 1,336.1 7,340.0 7,198.5
III 8,706.2 1,181.9 7,524.2 7,222.0
IV 8,700.9 1,309.7 7,391.2 7,329.6
2002: I 8,810.4 1,142.1 7,668.3 7,396.3
II (r) 8,919.2 1,132.0 7,787.2 7,481.0
Per capita
disposable personal
income
Period Equals: Disposable Current Chained
Personal personal dollars (1996)
saving income in dollars
billions
of chained
(1996)
dollars
Billions Dollars
of dollars
1992 413.7 5,189.3 18,524 20,217
1993 350.8 5,261.3 18,979 20,233
1994 315.5 5,397.2 19,624 20,504
1995 302.4 5,539.1 20,358 20,795
1996 272.1 5,677.7 21,069 21,069
1997 252.9 5,854.5 21,881 21,464
1998 301.5 6,168.6 23,031 22,354
1999 174.0 6,328.4 23,742 22,671
2000 201.5 6,630.3 25,205 23,471
2001 169.7 6,748.0 25,859 23,602
Seasonally adjusted annual rates
1999: I 253.9 6,288.4 23,498 22,628
II 179.9 6,301.0 23,614 22,612
III 133.3 6,325.0 23,753 22,625
IV 129.0 6,399.3 24,099 22,818
2000: I 179.4 6,530.4 24,734 23,223
II 207.5 6,607.6 25,097 23,432
III 211.5 6,676.8 25,407 23,599
IV 207.7 6,706.2 25,577 23,627
2001: I 173.7 6,704.3 25,713 23,558
II 141.6 6,694.8 25,717 23,456
III 302.2 6,864.0 26,275 23,970
IV 61.5 6,729.1 25,729 23,424
2002: I 272.0 6,962.5 26,621 24,171
II (r) 306.2 7,026.6 26,955 24,322
Per capita personal
consumption
expenditures
Period Current Chained Percent Saving as
dollars (1996) change percent
dollars in real of dispo-
per capita sable
disposable personal
personal income
income
Dollars Percent
1992 16,401 17,900 1.8 8.7
1993 17,131 18,262 .1 7.1
1994 17,918 18,722 1.3 6.1
1995 18,655 19,055 1.4 5.6
1996 19,435 19,435 1.3 4.8
1997 20,272 19,886 1.9 4.2
1998 21,221 20,597 4.1 4.7
1999 22,377 21,367 1.4 2.6
2000 23,660 22,032 3.5 2.8
2001 24,438 22,305 .6 2.3
Seasonally adjusted annual rates
1999: I 21,865 21,055 1.7 3.9
II 22,234 21,291 -.3 2.7
III 22,533 21,462 .2 2.0
IV 22,872 21,657 3.5 1.9
2000: I 23,301 21,877 7.3 2.6
II 23,542 21,980 3.6 2.9
III 23,809 22,115 2.9 2.9
IV 23,985 22,156 .5 2.9
2001: I 24,262 22,229 -1.2 2.4
II 24,385 22,241 -1.7 1.9
III 24,388 22,248 9.1 4.0
IV 24,715 22,501 -8.8 .8
2002: I 24,906 22,613 13.4 3.5
II (r) 25,103 22,651 2.5 3.9
Period Population
including
Armed
Forces
overseas
(thou-
sands) (2)
1992 256,677
1993 260,037
1994 263,226
1995 266,364
1996 269,485
1997 272,756
1998 275,955
1999 279,144
2000 282,489
2001 285,908
1999: I 277,910
II 278,651
III 279,562
IV 280,446
2000: I 281,202
II 281,994
III 282,923
IV 283,838
2001: I 284,582
II 285,418
III 286,360
IV 287,272
2002: I 288,051
II (r) 288,897
(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.
Estimates shown here are by Bureau of Economic Analysis. See Survey of
Current Business, December 2001.
Source: Department of Commerce (Bureau of Economic Analysis and Bureau
of the Census).
FARM INCOME
In the second quarter of 2002, according to preliminary estimates,
gross farm income fell $13.5 billion (annual rate) and net farm
income fell $15.6 billion.
[GRAPHIC OMITTED][Billions of dollars; quarterly data at seasonally adjusted annualrates]
Income of farm operators farm farming
Gross farm income
Period Cash marketing receipts
Total (1) Livestock and
Total products Crops
1992 200.6 171.4 85.8 85.7
1993 205.0 178.2 90.5 87.7
1994 216.0 181.3 88.3 93.0
1995 210.8 188.0 87.2 100.8
1996 235.8 199.3 92.9 106.3
1997 (r) 238.1 207.7 96.5 111.2
1998 (r) 232.1 196.0 94.1 101.9
1999 (r) 234.5 187.5 95.6 91.9
2000 (r) 241.7 193.7 99.6 94.1
2001 (r) 246.5 202.8 106.4 96.4
2000: I (r) 231.6 189.8 98.1 91.7
II (r) 235.4 196.7 99.2 97.5
III (r) 239.5 204.8 101.2 103.6
IV (r) 260.4 183.5 99.7 83.8
2001: I (r) 232.3 195.1 103.7 91.3
II (r) 239.4 204.8 105.0 99.8
III (r) 244.4 212.4 107.0 105.4
IV (r) 270.0 199.1 110.0 89.1
2002: I (r) 232.7 197.9 99.2 98.7
II (p) 219.2 186.4 91.0 95.4
[Billions of dollars; quarterly data at seasonally adjusted annualrates]
Income of farm operators from farming
Gross farm income
Period
Value of Direct Production Net farm
inventory Government expenses income
changes (2) payments
1992 4.2 9.2 152.8 47.8
1993 -4.2 13.4 160.4 44.7
1994 8.3 7.9 167.2 48.9
1995 -5.0 7.3 173.8 36.9
1996 7.9 7.3 181.0 54.8
1997 (r) .6 7.5 187.6 50.5
1998 (r) -.6 12.4 186.5 45.6
1999 (r) -.3 21.5 188.3 46.2
2000 (r) .1 22.9 193.7 48.0
2001 (r) -3.2 20.7 200.8 45.7
2000: I (r) .2 16.6 196.9 34.7
II (r) .1 13.5 202.6 32.8
III (r) .1 9.7 195.1 44.3
IV (r) .1 51.7 180.1 80.0
2001: I (r) -3.9 15.1 199.6 32.7
II (r) -3.8 12.3 207.5 31.9
III (r) -2.9 8.8 206.0 38.4
IV (r) -2.1 46.8 190.0 80.0
2002: I (r) -3.3 11.8 200.0 32.7
II (p) -3.1 9.6 202.1 17.1
(1) Cash marketing receipts, inventory changes and direct Government
payments, plus other farm cash income and nonmoney income produced by
farms.
(2) Physical changes in end-of-year inventory of crop and livestocks
commodities valued at weighted average market prices during the
periods.
NOTE–Data include Commodity Credit Corporation loan transactions and
imputed rent of operator residences.
Quarterly data plotted for 1992 and 1993 in chart do not reflect
revisions to annual data in table.
Data for 2002 are forecasts.
Source: Department of Agriculture.
CORPORATE PROFITS
In the second quarter of 2002, according to preliminary estimates,
corporate profits before tax rose $17.0 billion (annual rate) and
profits after tax rose $7.2 bilion.
[GRAPHIC OMITTED][Billions of dollars; quarterly data at seasonally adjusted annualrates]
Profits (before tax) with inventory valuation
adjustment (1)
Domestic industries
Period
Total (2) Total Finan- Nonfinancal
cial
Total (3)
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 739.4 637.2 158.4 478.8
1999 757.9 637.6 181.7 455.9
2000 767.3 624.0 201.0 423.0
2001 675.1 524.4 190.6 333.7
1999: I 760.5 647.1 175.1 471.9
II 750.5 635.0 170.2 464.8
III 739.6 624.0 183.2 440.9
IV 781.0 644.5 198.4 446.1
2000: I 774.3 642.7 201.7 441.0
II 784.2 642.7 193.1 449.7
III 772.3 626.9 204.5 422.4
IV 738.6 583.6 204.9 378.8
2001: I 696.9 560.8 208.2 352.6
II 714.0 553.6 191.6 362.0
III 663.2 521.4 162.7 358.7
IV 626.3 461.6 200.1 261.5
2002: I 641.3 509.3 218.2 291.1
II (p) 651.8 534.0 221.3 312.7
Profits (before tax) with inventory valuation
adjustment (1)
Domestic industries
Period
Nonfinacial
Manufac- Transpor- Whole- Retail
turing tation (4) sale
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 164.3 79.1 55.9 73.8
1999 157.5 57.2 54.4 75.6
2000 159.8 36.6 62.1 73.4
2001 83.4 27.7 44.8 79.1
1999: I 159.1 63.9 57.4 79.4
II 161.0 53.3 53.7 79.8
III 155.8 53.1 50.0 71.0
IV 154.0 58.6 56.4 72.3
2000: I 167.6 43.6 57.3 77.7
II 176.1 35.7 66.7 74.1
III 160.7 34.4 67.1 74.0
IV 134.6 32.8 57.4 67.9
2001: I 92.3 36.6 45.2 75.7
II 99.2 34.3 41.0 77.8
III 91.1 33.3 45.9 82.6
IV 50.9 6.5 46.9 80.5
2002: I 68.9 15.0 41.2 81.4
II (p)
Profits after tax
Period Profits Tax
before liability Total Divi-
tax dends
1992 451.6 143.1 308.4 185.5
1993 510.4 165.4 345.0 203.1
1994 573.4 186.7 386.7 234.9
1995 668.5 211.0 457.5 254.2
1996 726.3 223.6 502.7 297.7
1997 792.4 237.2 555.2 335.2
1998 721.1 238.8 482.3 348.7
1999 762.1 247.8 514.3 328.4
2000 782.3 259.4 522.9 376.1
2001 670.2 199.3 470.9 409.6
1999: I 744.4 243.1 501.3 332.0
II 752.9 246.0 506.9 323.7
III 753.4 246.3 507.1 324.3
IV 797.6 255.7 542.0 333.5
2000: I 796.9 270.8 526.1 351.1
II 800.5 267.3 533.3 369.7
III 780.6 257.4 523.2 386.1
IV 751.1 241.9 509.2 397.6
2001: I 707.0 217.3 489.7 402.9
II 720.2 213.1 507.1 406.5
III 654.3 196.2 458.1 411.4
IV 599.1 170.6 428.5 417.7
2002: I 639.4 202.4 437.0 424.2
II (p) 656.4 212.2 444.2 430.8
Profits
after tax
Inven-
Period Undis- tory
tributed valu-
profits ation
adjust-
ment
1992 122.9 -2.8
1993 141.9 -4.0
1994 151.8 -12.4
1995 203.3 -18.3
1996 205.0 3.1
1997 220.0 8.4
1998 133.6 18.3
1999 185.9 -4.2
2000 146.8 -15.0
2001 61.2 5.0
1999: I 169.2 16.0
II 183.2 -2.5
III 182.8 -13.8
IV 208.5 -16.6
2000: I 174.9 -22.6
II 163.6 -16.4
III 137.1 -8.3
IV 111.6 -12.5
2001: I 86.8 -10.1
II 100.7 -6.2
III 46.7 8.9
IV 10.8 27.2
2002: I 12.8 1.9
II (p) 13.4 -4.6
(1) See p.4 for 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 Economics Analysis.
REAL GROSS PRIVATE DOMESTIC INVESTMENT
In the second quarter of 2002, according to revised estimates,
nonresidential fixed investment in chained (1996) dollars fell
$7.7 billion (annual rate) and residential investment rose
$2.1 billion. There was an increase of $7.3 billion in inventories
following a decrease of $28.9 billion in the first quarter.
[GRAPHIC OMITTED][Billions of chained (1996) dollars; quarterly data at seasonallyadjusted annual rates]
Gross Nonresidential
Period private
domestic Total
investment Total Structures
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 1,558.0 1,480.0 1,135.9 262.2
1999 1,660.5 1,595.2 1,228.4 258.6
2000 1,762.9 1,691.9 1,324.2 275.5
2001 1,574.6 1,627.4 1,255.1 270.9
1999: I 1,640.3 1,560.5 1,197.5 262.4
II 1,620.5 1,587.6 1,220.4 258.9
III 1,663.4 1,610.6 1,243.3 254.7
IV 1,717.8 1,622.2 1,252.4 258.5
2000: I 1,727.8 1,673.6 1,297.1 267.0
II 1,798.1 1,700.9 1,329.1 272.3
III 1,770.3 1,701.7 1,340.7 280.2
IV 1,755.2 1,691.3 1,329.9 282.7
2001: I 1,661.8 1,682.1 1,311.4 280.4
II 1,583.5 1,633.5 1,261.0 274.4
III 1,562.7 1,615.7 1,241.7 276.3
IV 1,490.3 1,578.4 1,206.4 252.7
2002: I 1,554.0 1,576.4 1,188.4 243.2
II 1,585.4 1,571.8 1,180.7 231.6
Fixed investment Change in private
inventories
Non-
residential
Period
Equipment Residential Total Nonfarm
and soft-
ware
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 875.4 345.1 76.7 75.0
1999 975.9 368.3 62.8 64.1
2000 1,056.0 372.4 65.0 67.2
2001 988.2 373.5 -61.4 -63.2
1999: I 939.1 364.1 80.0 71.1
II 967.1 368.4 31.2 30.1
III 996.1 369.2 47.6 58.7
IV 1,001.2 371.7 92.2 96.7
2000: I 1,038.0 379.1 45.3 58.9
II 1,065.3 376.2 91.5 88.6
III 1,067.7 367.2 63.1 64.6
IV 1,053.1 367.2 59.9 56.8
2001: I 1,036.1 374.5 -26.9 -32.6
II 989.9 374.0 -58.3 -54.9
III 966.4 374.3 -61.8 -63.6
IV 960.3 371.0 -98.4 -101.5
2002: I 953.7 383.6 -28.9 -35.1
II 961.0 385.7 7.3 6.5
NOTE:–See p. 10 for further detail on fixed investment by type.
Because of the formula used for calculating real DGP, 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 seasonallyadjusted annual rates]
Nonresidential
Structures
Non-
resi- Min-
dential ing
Total build- ex-plo-
non- ings, ration,
Period resi- includ- shafts,
den- ing Utili- and
tial Total (1) farm ties wells
1992 630.6 197.3 129.2 41.8 17.2
1993 683.6 198.9 131.7 38.4 20.5
1994 744.6 200.5 137.2 36.1 19.8
1995 817.5 210.1 147.6 36.8 18.2
1996 899.4 225.0 161.7 36.0 21.1
1997 1,009.3 245.4 177.0 35.3 26.2
1998 1,135.9 262.2 188.3 42.7 25.1
1999 1,228.4 258.6 185.5 45.7 21.6
2000 1,324.2 275.5 192.3 50.4 27.0
2001 1,255.1 270.9 178.7 50.3 34.0
1999: I 1,197.5 262.4 192.1 44.1 20.4
II 1,220.4 258.9 186.0 44.3 21.9
III 1,243.3 254.7 182.3 46.2 20.8
IV 1,252.4 258.5 181.7 48.3 23.1
2000: I 1,297.1 267.0 188.4 48.3 24.5
II 1,329.1 272.3 192.4 49.3 25.0
III 1,340.7 280.2 194.5 51.1 28.6
IV 1,329.9 282.7 193.9 52.9 30.1
2001: I 1,311.4 280.4 193.8 50.6 30.9
II 1,261.0 274.4 183.2 51.5 34.6
III 1,241.7 276.3 174.2 49.7 35.9
IV 1,206.4 252.7 163.5 49.3 34.8
2002: I 1,188.4 243.2 157.1 50.8 30.2
II (r) 1,180.7 231.6 148.2 48.7 29.9
Nonresidential
Equipment and software
Information processing equipment
and software
Com-
puters
and
periph-
eral
Period equip- Soft-
Total (2) Total ment ware Other
1992 437.5 163.0 20.8 58.7 91.5
1993 487.1 183.4 26.4 66.8 96.4
1994 544.9 206.6 32.6 74.3 104.9
1995 607.6 242.8 49.2 82.0 113.1
1996 674.4 287.3 70.9 95.1 121.3
1997 764.2 349.8 102.9 119.0 129.8
1998 875.4 429.3 147.7 147.1 143.5
1999 975.9 508.1 207.4 169.3 157.5
2000 1,056.0 583.3 246.4 184.4 187.4
2001 988.2 548.5 239.9 182.0 163.9
1999: I 939.1 477.3 186.1 160.2 151.1
II 967.1 506.8 209.2 167.8 157.1
III 996.1 522.2 218.8 172.5 160.7
IV 1,001.2 526.1 215.3 176.8 161.2
2000: I 1,038.0 561.3 226.7 181.8 180.2
II 1,065.3 585.5 249.2 184.3 188.2
III 1,067.7 591.9 255.9 185.8 189.1
IV 1,053.1 594.3 253.9 185.6 192.2
2001: I 1,036.1 578.9 253.0 185.5 180.2
II 989.9 549.8 239.0 181.7 165.7
III 966.4 533.4 224.5 180.5 158.6
IV 960.3 531.8 243.3 180.6 151.2
2002: I 953.7 540.4 262.1 179.0 154.1
II (r) 961.0 556.0 273.0 183.2 158.5
Nonresidential Residential
Equipment and software Structures
Trans-
Indus- porta- Total
Period trial tion resi-
equip- equip- den- Single
ment ment tial (3) Total (4) family
1992 100.8 92.3 257.2 251.0 135.7
1993 109.6 103.4 276.0 269.4 148.0
1994 119.6 120.4 302.7 295.8 163.2
1995 131.3 128.2 291.7 284.4 147.7
1996 136.4 138.9 313.3 305.6 159.1
1997 140.0 150.5 319.7 311.8 158.6
1998 145.6 168.2 345.1 336.8 175.9
1999 147.5 193.2 368.3 359.4 189.0
2000 160.8 186.6 372.4 363.0 191.0
2001 153.8 163.6 373.5 364.0 192.6
1999: I 142.5 188.1 364.1 355.4 188.4
II 146.9 188.6 368.4 359.5 187.3
III 150.1 199.1 369.2 360.1 187.4
IV 150.5 196.8 371.7 362.5 192.8
2000: I 156.0 193.9 379.1 369.7 198.0
II 159.3 192.5 376.2 366.8 193.8
III 164.5 186.9 367.2 357.8 186.5
IV 163.4 173.0 367.2 357.8 185.8
2001: I 164.8 167.6 374.5 365.1 192.0
II 156.4 161.6 374.0 364.6 193.1
III 149.2 160.0 374.3 365.0 194.1
IV 144.7 165.4 371.0 361.5 191.3
2002: I 148.3 151.5 383.6 373.9 197.2
II (r) 145.9 143.6 385.7 376.0 198.1
(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.
Sources: Department of Commerce, Bureau of Economic Analysis.
BUSINESS INVESTMENT
[Billions of dollars]Capital expenditures
By industry
Fores-
try-
fish-
ing
Total and
capi- agri-
tal Total cul-
Period ex- by tural Con-
pendi- indus- serv- Min- Utili- struc-
tures try ices ing ties tion
For companies with employees
1996 807.1
1997 871.8
1998 970.9 896.5 0.9 40.4 36.0 26.9
1999 1,047.0 974.6 1.7 30.6 42.8 23.1
2000 1,171.6 1,100.5 1.5 42.5 61.3 24.0
Capital expenditures
By industry
Trans-
porta-
tion Fi-
Manu- and nance
Period fac- Whole- ware- Infor- and
tur- sale Retail hous- ma- insur-
ing trade trade ing tion ance
For companies with employees
1996
1997
1998 203.6 29.2 57.3 51.3 96.5 118.2
1999 196.4 32.4 64.1 57.3 122.8 130.1
2000 214.7 35.0 69.6 60.0 164.2 133.7
Capital expenditures
By industry
Pro-
fess-
Real ional, For
es- scien- com-
tate tific, Health panies
and and care with-
rental tech- and out
Period and nical social em-
leas- serv- assis- Other ploy-
ing ices tance (1) ees
For companies with employees
1996
1997
1998 85.2 22.3 47.1 81.7 74.4
1999 100.6 29.5 51.3 91.8 72.3
2000 98.3 33.5 53.2 109.0 71.2
(1) Includes the following industries: Management of companies and
enterprises; administrative and support and waste management;
educational services; arts, entertainment, and recreation; accomodation
and food services; and other services (except public administration).
Also includes an item for structure and equipment expenditures serving
multiple industry categories.
NOTE.–Data from Annual Capital Expenditures. Industry data are based
on the North American Industry Classification System (NAICS): 1997.
Source: Department of Commerce, Bureau of the Census.
COPYRIGHT 2002 Superintendent Of Documents
COPYRIGHT 2002 Gale Group
