Total Output, Income, And Spending

Total Output, Income, And Spending – Statistical Data Included

TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the first quarter of 2001, according to revised estimates,

current-dollar gross domestic product (GDP) rose 4.6 percent (annual

rate), real GDP (GDP in chained 1996 dollars) rose 1.3 percent, and the

implicit price deflator rose 3.3 percent.

[GRAPH OMITTED] [Billions of current dollars; quarterly data at seasonally adjusted

annual rates]

Exports and imports

of goods and services

Gross

Personal private

Gross con- domes- Net

Period domestic sumption tic ex- Exports Imports

product expendi- invest- ports

tures ment

1991 5,986.2 3,971.2 800.2 -20.7 601.6 622.3

1992 6,318.9 4,209.7 866.6 -27.9 636.8 664.6

1993 6,642.3 4,454.7 955.1 -60.5 658.0 718.5

1994 7,054.3 4,716.4 1,097.1 -87.1 725.1 812.1

1995 7,400.5 4,969.0 1,143.8 -84.3 818.6 902.8

1996 7,813.2 5,237.5 1,242.7 -89.0 874.2 963.1

1997 8,318.4 5,529.3 1,390.5 -89.3 966.4 1,055.8

1998 8,790.2 5,850.9 1,549.9 -151.5 966.0 1,117.5

1999 9,299.2 6,268.7 1,650.1 -254.0 990.2 1,244.2

2000 9,963.1 6,757.3 1,832.7 -370.7 1,097.3 1,468.0

1997: III 8,390.9 5,575.9 1,405.7 -88.6 988.7 1,077.3

IV 8,478.6 5,640.6 1,434.5 -104.6 982.4 1,087.0

1998: I 8,634.7 5,712.6 1,532.1 -117.5 975.0 1,092.6

II 8,722.0 5,811.4 1,523.9 -151.8 962.8 1,114.7

III 8,829.1 5,893.4 1,553.0 -167.6 947.8 1,115.4

IV 8,974.9 5,986.0 1,590.8 -169.0 978.3 1,147.3

1999: I 9,104.5 6,095.3 1,609.8 -196.1 957.3 1,153.4

II 9,191.5 6,213.2 1,607.9 -240.4 973.0 1,213.4

III 9,340.9 6,319.9 1,659.1 -280.5 999.5 1,280.0

IV 9,559.7 6,446.2 1,723.7 -299.1 1,031.0 1,330.1

2000: I 9,752.7 6,621.7 1,755.7 -335.2 1,051.9 1,387.1

II 9,945.7 6,706.3 1,852.6 -355.4 1,092.9 1,448.3

III 10,039.4 6,810.8 1,869.3 -389.5 1,130.8 ],520.3

IV 10,114.4 6,890.2 1,853.3 -402.7 1,113.7 1,516.4

2001: I(r) 10,229.4 6,994.1 1,789.2 -365.4 1,105.2 1,470.6

Government consumption expenditures

and gross investment

Federal

State

Period Total Total National Non- and

defense defense 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 1,743.7 595.2 377.0 218.2 1,148.6

1997: 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 1,773.6 602.0 384.4 217.6 1,171.6

2001: I(r) 1,811.5 617.1 393.6 223.5 1,194.4

Adden-

Final Gross dum:

sales of domestic Gross

Period domestic pur- national

product chases(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 9,908.5 10,333.7 9,958.7

1997: 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 8,640.4

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 9,937.4

III 9,973.1 10,429.0 10,030.5

IV 10,064.6 10,517.1 10,121.8

2001: I(r) 10,255.1 10,594.7 10,242.8

(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 Non-

Gross con- resi- Resi- Change

Period domestic sumption dential dential in pri-

product expendi- fixed fixed vate

tures invest- invest- inven-

ment ment tories

1991 6,676.4 4,466.6 610.1 221.1 -1.0

1992 6,880.0 4,594.5 630.6 257.2 17.1

1993 7,062.6 4,748.9 683.6 276.0 20.0

1994 7,347.7 4,928.1 744.6 302.7 66.8

1995 7,543.8 5,075.6 817.5 291.7 30.4

1996 7,813.2 5,237.5 899.4 313.3 30.0

1997 8,159.5 5,423.9 1,009.3 319.7 63.8

1998 8,515.7 5,678.7 1,140.3 346.1 80.2

1999 8,875.8 5,978.8 1,255.3 368.3 45.3

2000 9,318.5 6,294.3 1,413.7 366.3 60.9

1997: III 8,216.6 5,462.1 1,037.0 320.3 51.3

IV 8,272.9 5,507.1 1,047.0 324.9 66.1

1998: I 8,404.9 5,572.4 1,096.0 332.4 117.3

II 8,465.6 5,651.6 1,136.4 342.4 60.9

III 8,537.6 5,711.0 1,146.3 350.9 73.1

IV 8,654.5 5,779.8 1,182.3 358.5 69.4

1999: I 8,730.0 5,860.2 1,209.4 365.7 48.1

II 8,783.2 5,940.2 1,237.5 370.9 13.1

III 8,905.8 6,013.8 1,272.5 368.0 39.1

IV 9,084.1 6,101.0 1,301.8 368.5 80.9

2000: I 9,191.8 6,213.5 1,365.3 371.4 36.6

II 9,318.9 6,260.6 1,412.5 372.6 78.6

III 9,369.5 6,329.8 1,438.8 362.3 72.5

IV 9,393.7 6,373.3 1,438.3 359.0 55.7

2001: I(r) 9,424.5 6,418.8 1,445.8 361.5 -18.9

Government

Exports and imports of consumption

goods and services expenditures and

gross investment

Federal

Net

Period exports Exports Imports Total Total

1991 -15.8 613.2 629.0 1,403.4 604.9

1992 -19.8 651.0 670.8 1,410.0 595.1

1993 -59.1 672.7 731.8 1,398.8 572.0

1994 -86.5 732.8 819.4 1,400.1 551.3

1995 -78.4 808.2 886.6 1,406.4 536.5

1996 -89.0 874.2 963.1 1,421.9 531.6

1997 -113.3 981.5 1,094.8 1,455.4 529.6

1998 -221.0 1,003.6 1,224.6 1,486.4 526.9

1999 -322.4 1,033.0 1,355.3 1,536.1 540.1

2000 -412.4 1,126.3 1,538.7 1,579.2 548.2

1997: III -119.6 1,004.2 1,123.8 1,464.8 533.4

IV -139.2 1,002.1 1,141.2 1,465.3 528.4

1998: I -175.3 1,004.5 1,179.8 1,461.6 515.9

II -219.8 996.8 1,216.6 1,487.6 531.8

III -244.1 988.8 1,232.9 1,492.9 527.5

IV -244.9 1,024.1 1,269.0 1,503.3 532.4

1999: I -279.8 1,003.3 1,283.1 1,517.1 529.5

II -314.6 1,017.6 1,332.2 1,519.9 532.1

III -342.6 1,042.6 1,385.2 1,537.8 541.0

IV -352.5 1,068.4 1,420.9 1,569.5 558.1

2000: I -376.8 1,084.8 1,461.7 1,565.1 537.1

II -403.4 1,121.8 1,525.2 1,583.7 558.8

III -427.7 1,158.8 1,586.4 1,578.2 545.8

IV -441.7 1,139.8 1,581.5 1,589.6 550.9

2001: I(r) -411.9 1,132.1 1,544.0 1,608.1 557.5

Government consumption

expenditures and

gross investment

Federal

Adden-

Natio- Final Gross dum

nal Non- State sales of domestic Gross

Period de- de- and domestic pur- natio-

fense fense local product chases(1) nal

product

1991 438.4 166.0 798.9 6,681.5 6,688.4 6,703.4

1992 417.1 177.9 815.3 6,867.7 6,896.4 6,905.8

1993 394.7 177.3 827.0 7,043.8 7,120.6 7,087.8

1994 375.9 175.5 848.9 7,285.8 7,434.2 7,364.3

1995 361.9 174.6 869.9 7,512.2 7,621.8 7,564.0

1996 357.0 174.6 890.4 7,783.2 7,902.1 7,831.2

1997 347.7 181.8 925.8 8,095.2 8,271.7 8,168.1

1998 341.7 185.2 959.2 8,435.2 8,727.9 8,515.1

1999 348.5 191.5 995.6 8,826.9 9,179.1 8,868.3

2000 349.1 198.9 1,030.5 9,250.9 9,701.8 9,316.6

1997: III 350.4 182.9 931.4 8,164.9 8,334.5 8,225.1

IV 348.5 179.8 936.8 8,206.3 8,409.4 8,276.9

1998: I 332.0 183.8 945.5 8,289.4 8,575.2 8,412.9

II 342.4 189.3 955.7 8,402.7 8,676.8 8,471.4

III 347.2 180.3 965.1 8,463.4 8,771.4 8,526.7

IV 345.1 187.2 970.7 8,585.0 8,888.2 8,649.3

1999: I 342.4 187.0 987.2 8,680.3 8,996.2 8,726.0

II 340.3 191.6 987.5 8,764.9 9,079.6 8,776.7

III 350.4 190.5 996.4 8,861.8 9,226.7 8,895.4

IV 360.9 197.1 1,011.2 9,000.5 9,414.1 9,075.0

2000: I 341.5 195.4 1,027.4 9,148.0 9,543.6 9,187.7

II 355.1 203.6 1,024.6 9,235.3 9,694.3 9,313.7

III 346.2 199.4 1,031.9 9,290.9 9,766.0 9,362.8

IV 353.7 197.1 1,038.1 9,329.5 9,803.2 9,402.2

2001: I(r) 358.4 199.0 1,050.0 9,429.7 9,807.9 9,438.5

(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

Period domestic Total Durable Nondura- Services

product goods ble goods

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 103.22 103.03 95.41 101.35 105.50

1999 104.77 104.85 93.09 103.71 107.99

2000 106.92 107.36 91.55 107.54 110.81

1997: 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 107.67 108.11 91.05 108.45 111.80

2001: I(r) 108.54 108.96 90.90 108.95 113.08

Exports and

Gross private imports of goods

domestic investment and services

Nonresi-

Period dential Residential Exports Imports

fixed fixed

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 96.36 113.57 97.43 95.41

1997: 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 96.67 115.07 97.71 95.89

2001: I(r) 96.36 116.68 97.62 95.24

Government consumption

expenditures

and gross investment

Federal

State

Period Total National Non- and

defense defense 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 108.58 107.98 109.72 111.46

1997: 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 109.27 108.68 110.38 112.86

2001: I(r) 110.69 109.83 112.30 113.75

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

Period (current quantity chain-type price

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 127.52 119.27 106.99 106.92

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 129.45 120.23 107.75 107.67

2001: I(r) 130.92 120.62 108.61 108.54

Percent change from preceding period(1)

Real GDP GDP GDP

GDP (chain-type (chain-type implicit

Period (current quantity price price

dollars) index) 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 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 3.0 1.0 2.0 2.0

2001: I(r) 4.6 1.3 3.2 3.3

(1) Percent changes based on unrounded data. Quarterly 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

of nonfinancial

corporate Price, costs, and profits per unit

business of real output (dollars)

(billions

of dollars)

Unit nonlabor

cost

Price per

unit of Com-

real gross pensa- Con-

Chained product tion sump-

Period Current (1996) of non- of em- Total tion of

dollars dollars financial ployees fixed

corporate (unit capital

busi- labor

ness(1) cost)

1991 3,150.6 3,381.9 0.932 0.617 0.240 0.105

1992 3,288.0 3,468.4 .948 .633 .236 .107

1993 3,457.6 3,573.8 .967 .641 .236 .108

1994 3,737.2 3,801.5 .983 .639 .238 .109

1995 3,945.9 3,960.1 .996 .645 .239 .110

1996 4,159.5 4,159.5 1.000 .641 .236 .111

1997 4,435.1 4,404.2 1.007 .644 .237 .112

1998 4,728.1 4,679.9 1.010 .653 .239 .113

1999 5,048.8 4,957.1 1.019 .659 .241 .115

2000 5,420.1 5,257.2 1.031 .663 .248 .118

1998: I 4,619.1 4,580.9 1.008 .650 .236 .112

II 4,681.7 4,640.0 1.009 .652 .238 .112

III 4,773.0 4,718.0 1.012 .653 .237 .113

IV 4,838.5 4,780.7 1.012 .655 .239 .113

1999: I 4,923.1 4,843.5 1.016 .657 .238 .114

II 4,999.7 4,904.4 1.019 .660 .240 .115

III 5,080.6 4,987.0 1.019 .661 .242 .116

IV 5,191.9 5,093.6 1.019 .658 .243 .115

2000: I 5,300.3 5,171.0 1.025 .658 .245 .116

II 5,414.0 5,251.2 1.031 .659 .247 .117

III 5,480.1 5,308.1 1.032 .661 .247 .118

IV 5,486.2 5,298.7 1.035 .673 .254 .121

2001: I(p) 5,517.8 5,303.5 1.040 .683 .253 .123

Price, costs, and profits per unit of

real output (dollars)

Corporate profits with

inventory valuation and

Unit nonlabor cost capital consumption

adjustments(3)

Indirect

business Net Profits Profits

Period tax, interest Total tax after

etc.(2) liability tax(4)

1991 0.093 0.042 0.075 0.025 0.049

1992 .096 .033 .080 .026 .054

1993 .098 .030 .091 .029 .062

1994 .101 .028 .106 .034 .072

1995 .100 .029 .112 .035 .077

1996 .099 .026 .122 .036 .086

1997 .098 .027 .126 .036 .090

1998 .098 .028 .120 .034 .086

1999 .097 .029 .119 .034 .085

2000 .099 .031 .120 .035 .085

1998: I .097 .027 .121 .034 .087

II .098 .028 .119 .034 .084

III .096 .028 .122 .035 .087

IV .099 .027 .117 .033 .084

1999: I .097 .027 .121 .033 .088

II .097 .028 .119 .034 .085

III .097 .029 .116 .034 .083

IV .098 .030 .118 .034 .084

2000: I .099 .030 .122 .036 .086

II .099 .031 .126 .037 .089

III .098 .031 .123 .035 .088

IV .101 .032 .109 .031 .078

2001: I(p) .099 .031 .104 .029 .076

(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]

Proprietors’

income with

inventory

valuation and

capital

consumption

adjustments

Rental

Compen- income of

sation persons

Period National of Farm Nonfarm with

income emplo- capital

yees(1) consumption

adjustment

1992 4,994.9 3,644.8 32.7 401.7 63.3

1993 5,251.9 3,814.4 30.1 431.7 90.9

1994 5,556.8 4,016.2 31.9 444.6 110.3

1995 5,876.7 4,202.5 22.2 475.5 117.9

1996 6,210.4 4,395.6 34.3 510.5 129.7

1997 6,618.4 4,651.3 29.7 551.5 128.3

1998 7,038.1 4,984.2 25.4 595.2 135.4

1999 7,469.7 5,299.8 25.3 638.2 143.4

2000 8,002.0 5,638.2 22.6 687.8 140.0

1997: III 6,676.4 4,675.8 29.8 556.2 127.4

IV 6,786.7 4,767.9 28.9 563.8 126.7

1998: I 6,889.3 4,867.5 25.3 580.9 126.7

II 6,986.7 4,943.1 23.3 590.0 132.8

III 7,093.0 5,023.4 21.2 598.4 138.8

IV 7,183.2 5,102.7 32.0 611.7 143.5

1999: I 7,312.7 5,181.6 25.0 619.1 144.9

II 7,392.3 5,255.4 29.0 631.4 145.7

III 7,493.1 5,340.9 15.5 644.2 136.6

IV 7,680.7 5,421.1 31.7 657.9 146.2

2000: I 7,833.5 5,512.2 19.1 674.8 145.6

II 7,983.2 5,603.5 21.5 688.1 140.8

III 8,088.5 5,679.6 31.7 693.1 138.1

IV 8,102.8 5,757.5 18.0 695.2 135.4

2001: I(r) 8,189.8 5,851.3 21.0 703.8 138.5

Corporate profits with inventory valuation and

capital consumption adjustments

Profits with inventory valuation

adjustment and without capital

consumption adjustment

Inventory Capital

Profits valuation consump- Net

Period Total Total before adjust- tion inte-

tax ment adjustment rest

1992 453.1 448.8 451.6 -2.8 4.3 399.5

1993 510.5 506.4 510.4 -4.0 4.1 374.3

1994 573.2 561.0 573.4 -12.4 12.2 380.5

1995 668.8 650.2 668.5 -18.3 18.6 389.8

1996 754.0 729.4 726.3 3.1 24.6 386.3

1997 833.8 800.8 792.4 8.4 32.9 423.9

1998 815.0 775.1 758.2 17.0 39.9 482.7

1999 856.0 813.9 823.0 -9.1 42.1 507.1

2000 946.2 912.7 925.6 -12.9 33.5 567.2

1997: III 858.3 824.7 819.0 5.6 33.6 429.0

IV 852.7 817.3 811.6 5.7 35.4 446.8

1998: I 824.5 786.2 763.5 22.6 38.4 464.4

II 814.0 774.4 766.7 7.7 39.6 483.5

III 818.0 777.8 760.1 17.7 40.2 493.3

IV 803.4 762.2 742.3 19.9 41.2 489.8

1999: I 852.0 809.1 797.6 11.4 42.9 490.1

II 836.8 795.6 804.5 -8.9 41.2 494.1

III 842.0 799.3 819.0 -19.7 42.7 513.8

IV 893.2 851.5 870.7 -19.2 41.6 530.6

2000: I 936.3 895.7 920.7 -25.0 40.6 545.4

II 963.6 928.8 942.5 -13.6 34.7 565.9

III 970.3 940.5 945.1 -4.5 29.7 575.7

IV 914.7 885.6 894.1 -8.5 29.1 582.0

2001: I(r) 893.4 862.7 866.2 -3.5 30.7 581.8

(1) Includes employer contributions for social insurance.

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

Fur-

Total niture

personal Motor and

Period con- Total vehicles house- Other

sumption durable and hold

expendi- goods parts equip-

tures ment

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 5,978.8 817.8 323.0 338.7 157.3

2000 6,294.3 896.0 340.5 382.7 176.3

1997: 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 6,373.3 896.0 332.3 389.9 178.6

2001: I(r) 6,418.8 922.3 349.8 395.5 180.5

Nondurable goods

Total Gaso- Fuel Other

Period nondura- Food Clothing line oil

ble and shoes and and

goods oil coal

1992 1,389.7 725.6 208.8 112.5 13.2 331.2

1993 1,430.3 745.1 218.5 115.4 14.0 338.5

1994 1,485.1 764.9 231.6 117.4 15.0 356.8

1995 1,529.0 777.0 244.3 120.2 15.7 372.0

1996 1,574.1 786.0 258.6 124.2 15.6 389.8

1997 1,619.9 794.5 271.6 128.1 15.0 410.8

1998 1,684.8 812.8 292.2 131.2 14.0 434.9

1999 1,779.4 845.9 318.5 134.2 15.5 466.0

2000 1,869.0 877.3 345.1 132.8 15.3 500.4

1997: III 1,631.7 797.8 275.0 128.7 15.4 414.8

IV 1,634.1 793.2 279.1 128.9 15.1 418.1

1998: I 1,652.8 798.3 287.0 129.4 13.6 424.9

II 1,676.3 809.2 291.3 130.7 14.1 431.3

III 1,694.2 816.8 292.0 132.2 14.3 439.2

IV 1,716.0 827.0 298.7 132.2 14.0 444.2

1999: I 1,748.5 832.7 313.3 132.5 15.0 455.6

II 1,765.0 838.0 316.5 134.3 15.7 461.3

III 1,786.1 846.7 322.1 133.6 16.0 468.5

IV 1,818.1 866.0 322.1 136.2 15.3 478.7

2000: I 1,844.8 872.2 337.7 131.2 14.7 490.6

II 1,861.1 876.5 342.3 132.2 15.3 496.5

III 1,882.6 879.1 350.2 133.8 15.8 505.9

IV 1,887.4 881.4 350.0 134.1 15.4 508.6

2001: I(r) 1,894.4 880.1 352.1 136.4 14.5 513.7

Services

Retail sales

of new pas-

senger cars

Period Total Housing Medical and light

services(1) care trucks (millions

of 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 3,543.9 849.2 906.8 17.2

1997: 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 3,602.5 856.8 916.9 16.2

2001: I(r) 3,618.5 861.5 923.2 17.1

(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 $24.2 billion (annual rate) in April, following an

increase of $42.7 billion in March. Wages and salaries increased $24.9

billion in April, following an increase of $26.3 billion in March.

[GRAPH OMITTED] [Billions of dollars; monthly data at seasonally adjusted annual rates]

Proprietors’

income(3)

Total Wage and

personal salary Other labor

Period income diburse- income(1)(2) Farm Nonfarm

ments(1)

1992 5,390.4 2,982.6 449.5 32.7 401.7

1993 5,610.0 3,085.2 482.8 30.1 431.7

1994 5,888.0 3,236.7 507.5 31.9 444.6

1995 6,200.9 3,424.7 497.0 22.2 475.5

1996 6,547.4 3,626.5 490.0 34.3 510.5

1997 6,937.0 3,888.9 475.4 29.7 551.5

1998 7,391.0 4,190.7 485.5 25.4 595.2

1999 7,789.6 4,470.0 501.0 25.3 638.2

2000 8,281.7 4,769.4 524.0 22.6 687.8

2000: Apr 8,209.3 4,726.9 518.4 23.1 683.9

May 8,237.6 4,730.0 520.5 17.5 687.1

June 8,279.5 4,763.5 522.5 23.7 693.2

July 8,300.0 4,789.1 525.1 17.5 688.5

Aug 8,326.5 4,797.8 527.6 14.7 697.7

Sept 8,420.6 4,827.8 530.0 62.9 693.1

Oct 8,406.0 4,858.7 532.0 17.0 694.7

Nov 8,422.1 4,872.7 533.9 15.4 695.1

Dec 8,461.0 4,884.7 536.1 21.6 695.7

2001: Jan(r) 8,510.7 4,921.2 539.1 17.2 699.7

Feb(r) 8,555.7 4,952.9 541.3 21.0 703.4

Mar(r) 8,598.4 4,979.2 543.2 24.7 708.3

Apr(p) 8,622.6 5,004.1 545.3 21.0 711.0

Less: Per-

Personal Personal Personal Transfer sonal con-

income dividend interest pay- tributions

Period of income income ments(5) for social

person(4) insurance

1992 63.3 185.3 750.1 751.7 226.6

1993 90.9 203.0 725.5 798.6 237.8

1994 110.3 234.7 742.4 833.9 254.1

1995 117.9 254.0 792.5 885.9 268.8

1996 129.7 297.4 810.6 928.8 280.4

1997 128.3 334.9 864.0 962.2 297.9

1998 135.4 351.1 940.8 983.0 316.2

1999 143.4 370.3 963.7 1,016.2 338.5

2000 140.0 396.6 1,034.3 1,067.8 360.7

2000: Apr 144.3 390.6 1,026.1 1,053.8 357.9

May 140.0 392.4 1,030.9 1,077.3 358.2

June 138.1 394.8 1,036.8 1,067.3 360.4

July 136.0 397.2 1,040.0 1,068.7 362.1

Aug 134.5 399.6 1,042.4 1,074.9 362.6

Sept 144.0 402.2 1,046.1 1,079.1 364.6

Oct 134.3 404.7 1,049.2 1,082.2 366.7

Nov 134.8 407.1 1,051.8 1,078.9 367.6

Dec 137.1 409.8 1,053.6 1,090.9 368.4

2001: Jan(r) 136.8 412.0 1,050.6 1,109.2 375.1

Feb(r) 138.5 414.3 1,047.2 1,114.3 377.2

Mar(r) 140.2 416.4 1,043.3 1,122.1 378.9

Apr(p) 139.1 418.5 1,039.5 1,124.8 380.6

(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) 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 rose at an annual rate of 1.4 percent in the

first quarter of 2001.

[GRAPH OMITTED]

Less: Equals:

Period Personal Personal Disposable Less: Equals:

income tax and personal Personal Personal

nontax income outlays(1) saving

income

Billion of dollars

1992 5,390.4 635.8 4,754.6 4,340.9 413.7

1993 5,610.0 674.6 4,935.3 4,584.5 350.8

1994 5,888.0 722.6 5,165.4 4,849.9 315.5

1995 6,200.9 778.3 5,422.6 5,120.2 302.4

1996 6,547.4 869.7 5,677.7 5,405.6 272.1

1997 6,937.0 968.8 5,968.2 5,715.3 252.9

1998 7,391.0 1,070.9 6,320.0 6,054.7 265.4

1999 7,789.6 1,152.0 6,637.7 6,490.1 147.6

2000 8,281.7 1,291.9 6,989.8 6,998.3 -8.5

Seasonally adjusted annual rates

1997: III 6,978.6 978.9 5,999.7 5,763.7 236.0

IV 7,097.9 1,006.3 6,091.6 5,834.3 257.3

1998: I 7,230.7 1,035.8 6,194.9 5,909.2 285.6

II 7,339.5 1,056.4 6,283.1 6,012.9 270.2

III 7,445.1 1,084.0 6,361.1 6,099.5 261.6

IV 7,548.6 1,107.5 6,441.1 6,197.1 244.0

1999: I 7,628.1 1,113.2 6,514.9 6,310.3 204.6

II 7,729.7 1,133.4 6,596.3 6,432.8 163.6

III 7,828.5 1,164.0 6,664.5 6,543.3 121.1

IV 7,972.3 1,197.3 6,775.0 6,674.1 101.0

2000: I 8,105.8 1,239.3 6,866.5 6,855.6 11.0

II 8,242.1 1,277.2 6,964.9 6,944.3 20.6

III 8,349.0 1,308.1 7,040.9 7,054.7 -13.8

IV 8,429.7 1,342.7 7,087.0 7,138.6 -51.6

2001: I(r) 8,554.9 1,371.8 7,183.1 7,247.5 -64.4

Per capita Per capita

disposable personal

personal income consumption

expenditures

Dispos-

able

personal

Period income in

billions of

chained Chained Chained

(1996) Current (1996) Current (1996)

dollars dollars dollars dollars dollars

Dollars

1992 5,189.3 18,616 20,318 16,482 17,989

1993 5,261.3 19,121 20,384 17,259 18,399

1994 5,397.2 19,820 20,709 18,097 18,910

1995 5,539.1 20,613 21,055 18,888 19,294

1996 5,677.7 21,385 21,385 19,727 19,727

1997 5,854.5 22,262 21,838 20,625 20,232

1998 6,134.1 23,359 22,672 21,625 20,989

1999 6,331.0 24,314 23,191 22,962 21,901

2000 6,511.0 25,379 23,640 24,534 22,853

Seasonally adjusted annual rates

1997: III 5,877.3 22,351 21,895 20,772 20,348

IV 5,947.5 22,637 22,102 20,961 20,465

1998: I 6,042.8 22,976 22,412 21,188 20,667

II 6,110.3 23,254 22,615 21,509 20,917

III 6,164.1 23,483 22,756 21,756 21,083

IV 6,219.2 23,720 22,903 22,044 21,285

1999: I 6,263.7 23,946 23,022 22,403 21,539

II 6,306.6 24,196 23,133 22,791 21,789

III 6,341.7 24,384 23,203 23,123 22,003

IV 6,412.2 24,728 23,404 23,528 22,268

2000: I 6,443.1 25,014 23,472 24,122 22,635

II 6,502.0 25,322 23,639 24,381 22,761

III 6,543.7 25,535 23,732 24,701 22,956

IV 6,555.3 25,641 23,718 24,930 23,059

2001: I(r) 6,592.3 25,931 23,798 25,248 23,172

Percent Population,

change Saving as including

Period in real percent of Armed

per capita disposable Forces

disposable personal overseas

personal income (thou-

income sands)(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 1.9 -.1 275,423

Seasonally

adjusted

annual

rates

1997: 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 -.2 -.7 276,388

2001: I(r) 1.4 -.9 277,011

(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 first quarter of 2001, according to preliminary estimates, gross

farm income fell $27.8 billion (annual rate) and net farm income fell

$43.9 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 and

Period Total(1) Total 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 (r)238.5 207.6 96.5 111.1

1998 (r)233.3 196.6 94.1 102.5

1999 (r)235.4 188.6 95.5 93.1

2000(r) 245.9 194.4 99.8 94.6

1998: I (r)235.2 203.0 93.1 109.9

II (r)231.7 206.4 91.6 114.8

III (r)234.7 194.6 96.4 98.1

IV (r)231.7 182.3 95.3 87.0

1999: I (r)229.2 188.3 95.7 92.6

II (r)231.2 193.0 94.7 98.3

III (r)228.1 193.2 96.0 97.3

IV (r)253.1 179.9 95.5 84.4

2000: I(r) 234.7 189.5 98.8 90.7

II(r) 239.6 197.6 99.3 98.2

III(r) 243.4 205.3 101.0 104.4

IV(r) 265.7 185.4 100.1 85.2

2001: I(p) 237.9 197.5 101.5 95.9

Income of farm operators from farming

Gross farm

income

Value of Production Net farm

Period inventory expenses income

changes(2)

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 (r)48.7

1998 -.7 188.6 (r)44.7

1999 (r)-.8 192.1 (r)43.3

2000(r) .2 200.6 45.2

1998: I -.9 196.3 (r)38.9

II -.9 196.3 (r)35.4

III -.6 185.8 (r)48.9

IV -.5 176.0 (r)55.7

1999: I (r)-1.0 199.5 (r)29.8

II (r)-1.0 200.4 (r)30.8

III (r)-.7 189.5 (r)38.6

IV (r)-.5 179.1 (r)74.0

2000: I(r) .2 203.7 31.0

II(r) .2 209.9 29.8

III(r) .1 201.5 41.9

IV(r) .1 187.4 78.3

2001: I(p) .7 203.5 34.4

(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 revisions to annual data in table.

Data for 2000 and 2001 are forecasts.

Source: Department of Agriculture.

CORPORATE PROFITS

In the first quarter of 2001, according to preliminary estimates,

corporate profits before tax fell $27.9 billion (annual

rate) and profits after tax fell $19.2 billion.

[GRAPH OMITTED] [Billions of dollars; quarterly data at seasonally

adjusted annual rates]

Profits (before tax) width inventory

valuation adjustment(1)

Domestic industries

Nonfinancial

Finan- Manufac-

Period Total(2) Total cial Total(3) turing

1991 421.1 346.7 120.2 226.5 93.5

1992 448.8 380.1 124.8 255.2 93.9

1993 506.4 429.6 127.9 301.7 108.4

1994 561.0 483.7 114.7 369.0 139.6

1995 650.2 558.2 154.3 403.8 166.1

1996 729.4 628.6 165.3 463.3 181.2

1997 800.8 690.2 185.7 504.5 195.2

1998 775.1 671.6 164.8 506.8 177.4

1999 813.9 702.5 172.0 530.4 181.6

2000 912.7 771.5 193.6 577.9 185.0

1997: III 824.7 710.2 187.6 522.6 207.9

IV 817.3 708.2 190.7 517.5 197.5

1998: I 786.2 676.3 173.7 502.6 177.1

II 774.4 665.9 168.0 497.9 175.1

III 777.8 684.3 161.1 523.2 184.5

IV 762.2 660.2 156.5 503.7 172.8

1999: I 809.1 701.8 173.2 528.6 188.8

II 795.6 689.6 160.5 529.2 184.8

III 799.3 687.4 167.2 520.2 179.8

IV 851.5 731.0 187.3 543.8 173.0

2000: I 895.7 766.8 191.9 574.9 193.7

II 928.8 794.5 188.1 606.5 201.8

III 940.5 798.4 195.5 602.9 192.1

IV 885.6 726.2 198.9 527.3 152.4

2001: I(p) 862.7 708.7 207.0 501.7 …

Profits (before tax) width

inventory valuation

adjustment(1)

Domestic industries

Nonfinancial

Profits

Transpor- Whole- before Tax

Period tation(4) sale Retail tax liability

1991 53.2 22.0 27.7 416.1 133.6

1992 58.5 25.9 33.7 451.6 143.1

1993 69.6 28.2 39.7 510.4 165.4

1994 82.9 33.1 46.6 573.4 186.7

1995 85.8 29.4 44.1 668.5 211.0

1996 91.4 42.6 52.9 726.3 223.6

1997 85.0 49.2 63.9 792.4 237.2

1998 83.9 56.4 76.6 758.2 244.6

1999 88.4 56.7 81.5 823.0 255.9

2000 100.8 65.1 89.5 925.6 284.2

1997: III 83.8 51.9 65.7 819.0 245.2

IV 84.9 49.5 67.9 811.6 244.8

1998: I 85.7 53.2 73.7 763.5 244.1

II 82.5 57.5 75.5 766.7 245.9

III 87.6 60.5 77.0 760.1 249.0

IV 80.0 54.3 80.0 742.3 239.4

1999: I 83.8 55.2 84.0 797.6 247.8

II 79.7 58.0 84.8 804.5 250.8

III 88.6 54.3 75.4 819.0 254.2

IV 101.4 59.2 81.9 870.7 270.8

2000: I 101.9 61.2 90.2 920.7 286.3

II 103.9 69.7 92.4 942.5 292.0

III 103.1 71.1 91.8 945.1 290.6

IV 94.3 58.6 83.5 894.1 267.7

2001: I(p) … … … 866.2 259.0

Profits after tax

Undis- Inventory

Period Total Dividends tributed valuation

profits adjustment

1991 282.6 178.4 104.1 4.9

1992 308.4 185.5 122.9 -2.8

1993 345.0 203.1 141.9 -4.0

1994 386.7 234.9 151.8 -12.4

1995 457.5 254.2 203.3 -18.3

1996 502.7 297.7 205.0 3.1

1997 555.2 335.2 220.0 8.4

1998 513.6 351.5 162.1 17.0

1999 567.1 370.7 196.4 -9.1

2000 641.4 397.0 244.4 -12.9

1997: III 573.8 340.6 233.2 5.6

IV 566.9 347.1 219.8 5.7

1998: I 519.4 348.8 170.6 22.6

II 520.9 349.8 171.1 7.7

III 511.1 351.4 159.7 17.7

IV 502.9 356.1 146.9 19.9

1999: I 549.9 361.1 188.7 11.4

II 553.7 367.2 186.5 -8.9

III 564.8 373.9 190.9 -19.7

IV 599.9 380.6 219.3 -19.2

2000: I 634.4 387.3 247.1 -25.0

II 650.4 393.0 257.4 -13.6

III 654.4 400.1 254.4 -4.5

IV 626.4 407.6 218.8 -8.5

2001: I(p) 607.2 414.7 192.6 -3.5

(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 Economic Analysis.

REAL GROSS PRIVATE DOMESTIC INVESTMENT

In the first quarter of 2001, according to revised estimates,

nonresidential fixed investment in chained (1996) dollars rose $7.5

billion (annual rate) and residential investment rose $2.5 billion.

There was a decrease of $18.9 billion in inventories following an

increase of $55.7 billion in the fourth quarter.

[GRAPH OMITTED] [Billions of chained (1996) dollars; quarterly data at seasonally

adjusted annual rates]

Fixed investment

Nonresidential

Gross

private Equipment

Period domestic Total Total Structures and soft-

investment ware

1991 829.5 832.5 610.1 210.1 407.2

1992 899.8 886.5 630.6 197.3 437.5

1993 977.9 958.4 683.6 198.9 487.1

1994 1,107.0 1,045.9 744.6 200.5 544.9

1995 1,140.6 1,109.2 817.5 210.1 607.6

1996 1,242.7 1,212.7 899.4 225.0 674.4

1997 1,393.3 1,328.6 1,009.3 245.4 764.2

1998 1,566.8 1,485.3 1,140.3 263.0 879.0

1999 1,669.7 1,621.4 1,255.3 259.2 1,003.1

2000 1,839.8 1,771.7 1,413.7 282.9 1,140.5

1997: III 1,408.6 1,356.7 1,037.0 248.5 788.9

IV 1,438.5 1,371.3 1,047.0 252.7 794.5

1998: I 1,545.1 1,427.4 1,096.0 257.5 839.4

II 1,540.8 1,477.6 1,136.4 266.2 871.3

III 1,571.4 1,496.4 1,146.3 263.0 885.2

IV 1,609.9 1,539.7 1,182.3 265.1 920.0

1999: I 1,623.2 1,574.0 1,209.4 262.9 950.9

II 1,623.1 1,607.1 1,237.5 258.7 985.0

III 1,680.8 1,637.8 1,272.5 254.6 1,026.6

IV 1,751.6 1,666.6 1,301.8 260.6 1,050.1

2000: I 1,773.6 1,730.9 1,365.3 274.0 1,100.4

II 1,863.0 1,777.6 1,412.5 277.0 1,146.6

III 1,871.1 1,791.3 1,438.8 286.6 1,162.4

IV 1,851.5 1,787.1 1,438.3 293.8 1,152.7

2001: I(r) 1,786.8 1,797.1 1,445.8 305.7 1,145.2

Fixed Change in private

investment inventories

Period Residential Total Nonfarm

1991 221.1 -1.0 1.4

1992 257.2 17.1 10.7

1993 276.0 20.0 28.6

1994 302.7 66.8 53.6

1995 291.7 30.4 42.6

1996 313.3 30.0 22.1

1997 319.7 63.8 60.6

1998 346.1 80.2 78.7

1999 368.3 45.3 44.9

2000 366.3 60.9 55.8

1997: III 320.3 51.3 42.4

IV 324.9 66.1 61.3

1998: I 332.4 117.3 109.7

II 342.4 60.9 62.5

III 350.9 73.1 79.2

IV 358.5 69.4 63.5

1999: I 365.7 48.1 49.2

II 370.9 13.1 14.1

III 368.0 39.1 43.5

IV 368.5 80.9 73.0

2000: I 371.4 36.6 33.0

II 372.6 78.6 72.3

III 362.3 72.5 67.4

IV 359.0 55.7 50.5

2001: I(r) 361.5 -18.9 -25.1

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

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.

REAL PRIVATE FIXED INVESTMENT BY TYPE

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

adjusted annual rates]

Nonresidential

Structures

Mining

Nonresi- explo-

Total dential ration,

Period nonresi- Total(1) buildings, Utilities shafts,

dential including and

farm wells

1991 610.1 210.1 142.7 38.9 20.8

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 1,140.3 263.0 189.1 43.0 24.4

1999 1,255.3 259.2 187.4 43.5 21.5

2000 1,413.7 282.9 200.8 45.7 29.4

1997: III 1,037.0 248.5 180.9 35.5 25.7

IV 1,047.0 252.7 178.8 36.7 27.4

1998: I 1,096.0 257.5 184.5 41.5 25.1

II 1,136.4 266.2 190.1 43.0 26.2

III 1,146.3 263.0 188.6 43.6 24.6

IV 1,182.3 265.1 193.2 44.0 21.7

1999: I 1,209.4 262.9 193.6 43.3 19.7

II 1,237.5 258.7 187.7 43.2 20.6

III 1,272.5 254.6 183.2 43.6 21.3

IV 1,301.8 260.6 185.1 44.0 24.6

2000: I 1,365.3 274.0 196.5 44.9 26.1

II 1,412.5 277.0 199.5 42.8 28.4

III 1,438.8 286.6 202.7 45.6 30.5

IV 1,438.3 293.8 204.6 49.4 32.5

2001: I(r) 1,445.8 305.7 211.8 49.3 37.4

Nonresidential

Equipment and software

Information processing equipment

and software

Computers

and

Period Total(2) Total peripheral Software Other

equipment

1991 407.2 142.7 15.4 51.4 86.4

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 879.0 431.6 149.3 151.0 140.7

1999 1,003.1 542.2 217.3 188.0 163.1

2000 1,140.5 676.6 304.2 228.6 195.8

1997: III 788.9 363.7 110.5 123.0 132.8

IV 794.5 375.2 115.8 130.1 132.5

1998: I 839.4 401.4 131.8 137.8 137.7

II 871.3 422.2 144.0 146.7 139.7

III 885.2 440.7 153.4 155.7 141.6

IV 920.0 462.0 168.0 163.9 143.9

1999: I 950.9 492.9 186.1 173.3 151.4

II 985.0 526.9 208.5 181.1 161.3

III 1,026.6 561.1 230.9 192.5 168.1

IV 1,050.1 587.9 243.8 205.3 171.6

2000: I 1,100.4 629.4 264.1 215.0 187.3

II 1,146.6 669.1 297.3 224.5 196.6

III 1,162.4 695.6 324.3 234.3 197.5

IV 1,152.7 712.3 331.2 240.8 201.7

2001: I(r) 1,145.2 698.9 327.8 238.4 194.5

Nonresidential Residential

Structures

Indus- Trans-

Period trial portation Total Total(4) Single

equipment equipment residential(3) family

1991 99.0 87.7 221.1 215.1 112.3

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 146.9 168.0 346.1 337.7 175.9

1999 147.8 191.8 368.3 359.2 187.6

2000 164.3 189.8 366.3 356.6 189.4

1997: III 141.8 156.2 320.3 312.4 158.2

IV 143.2 150.3 324.9 316.9 160.2

1998: I 145.5 161.1 332.4 324.3 165.6

II 146.9 167.1 342.4 334.1 173.6

III 147.6 162.3 350.9 342.6 179.9

IV 147.7 181.6 358.5 350.0 184.7

1999: I 143.7 183.1 365.7 356.9 187.6

II 145.7 189.0 370.9 361.9 188.5

III 148.9 199.1 368.0 358.8 185.6

IV 152.8 195.9 368.5 359.2 188.8

2000: I 158.9 197.3 371.4 361.8 195.8

II 164.0 199.2 372.6 362.9 193.5

III 167.4 190.6 362.3 352.6 184.9

IV 167.0 172.0 359.0 349.2 183.2

2001: I(r) 165.9 176.1 361.5 351.8 187.1

(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 shows 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

[Billions of dollars]

Capital expenditures

By industry

Total

for Total by

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

businesses

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

Non- Trans- Com-

Period Total Durable durable porta- munica- Utilities

goods goods tion tions

For businesses with 5 employees or more

1993 134.1 66.4 67.7 30.6 37.1 41.3

1994 154.4 79.7 74.7 33.3 41.9 41.5

1995 181.0 97.0 84.0 33.9 46.3 38.4

For businesses with employees

1996 191.8 109.9 81.9 36.7 57.1 36.7

1997 192.3 108.4 83.9 45.0 68.5 38.7

1998 207.3 119.0 88.3 51.8 78.5 42.3

Capital expenditures

By industry

For

Whole- Insurance busi-

Period sale Retail Finance and real Services nesses

trade trade estate without

employees

For businesses with 5 employees or more

1993 19.0 41.4 26.0 14.2 111.8 …

1994 23.5 46.5 29.8 17.4 123.8 …

1995 24.5 51.9 30.4 19.8 134.2 …

For businesses with employees

1996 26.0 55.8 87.1 23.4 145.9 100.0

1997 28.8 55.9 91.3 29.3 165.0 99.4

1998 31.2 63.1 110.1 50.3 182.4 94.5

(1) For 1993, 1994, and 1995 includes all 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 Capita Expenditures.

Source: Department of Commerce, Bureau of the Census.

COPYRIGHT 2001 Superintendent Of Documents

COPYRIGHT 2001 Gale Group