Total output, income, and spending – Statistical Data Included
TOTAL OUTPUT, INCOME, AND SPENDING
GROSS DOMESTIC PRODUCT
In the third quarter of 2001, according to advance estimates,
current-dollar gross domestic product (GDP) rose 1.8 percent (annual
rate), real GDP (GDP in chained 1996 dollars) fell 0.4 percent, and
the implicit price deflator rose 2.1 percent.
[GRAPHIC OMITTED] [Billions of current dollars; quarterly data atseasonally adjusted annual rates]
Personal Gross
Gross con- private
Period domestic sumption domestic
product expendi- invest-
tures ment
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 8,781.5 5,856.0 1,538.7
1999 9,268.6 6,250.2 1,636.7
2000 9,872.9 6,728.4 1,767.5
1998: I 8,627.8 5,719.9 1,528.7
II 8,697.3 5,820.0 1,498.4
III 8,816.5 5,895.1 1,538.6
IV 8,984.5 5,989.1 1,589.3
1999: I 9,093.1 6,080.7 1,621.3
II 9,161.4 6,197.1 1,595.7
III 9,297.4 6,298.4 1,631.7
IV 9,522.5 6,424.7 1,698.1
2000: I 9,668.7 6,581.9 1,709.0
II 9,857.6 6,674.9 1,792.4
III 9,937.5 6,785.5 1,788.4
IV 10,027.9 6,871.4 1,780.3
2001: I 10,141.7 6,977.6 1,722.8
II 10,202.6 7,044.6 1,669.9
III (p) 10,247.7 7,059.0 1,622.6
Exports and imports
of goods and services
Period
Net Exports Imports
exports
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 -151.7 964.9 1,116.7
1999 -250.9 989.8 1,240.6
2000 -364.0 1,102.9 1,466.9
1998: I -122.6 974.1 1,096.7
II -154.9 959.2 1,114.1
III -165.3 946.7 1,112.0
IV -164.1 979.7 1,143.8
1999: I -199.7 960.2 1,160.0
II -241.1 971.3 1,212.4
III -273.9 996.6 1,270.5
IV -288.7 1,031.0 1,319.7
2000: I -333.9 1,059.7 1,393.6
II -350.8 1,099.7 1,450.4
III -380.6 1,131.1 1,511.8
IV -390.6 1,121.0 1,511.6
2001: I -363.8 1,117.4 1,481.2
II -347.4 1,079.6 1,427.0
III (p) -277.3 1,028.1 1,305.4
Government consumption expenditures
anti gross investment
Federal
Period State
National Non- and
Total Total 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 1,538.5 539.2 349.1 190.1 999.3
1999 1,632.5 564.0 364.5 199.5 1,068.5
2000 1,741.0 590.2 375.4 214.8 1,150.8
1998: I 1,501.8 526.1 338.4 187.7 975.8
II 1,533.8 542.9 348.8 194.2 990.9
III 1,548.1 539.5 354.7 184.8 1,008.6
IV 1,570.3 548.4 354.7 193.7 1,021.9
1999: I 1,590.9 549.8 356.1 193.6 1,041.1
II 1,609.6 553.1 354.2 198.9 1,056.5
III 1,641.2 565.6 366.7 199.0 1,075.6
IV 1,688.3 587.6 381.1 206.5 1,100.7
2000: I 1,711.8 578.5 366.6 211.9 1,133.2
II 1,741.1 601.0 380.4 220.6 1,140.1
III 1,744.2 587.0 372.1 214.9 1,157.2
IV 1,766.8 594.2 382.4 211.8 1,172.6
2001: I 1,805.2 605.3 392.9 212.4 1,199.8
II 1,835.4 609.9 396.1 213.8 1,225.5
III (p) 1,843.5 617.1 401.1 216.0 1,226.4
Final Gross Adden-
sales of domestic dum:
Period domestic pur- Gross
product chases (1) national
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 8,708.4 8,933.3 8,778.1
1999 9,210.0 9,519.5 9,261.8
2000 9,823.6 10,236.9 9,860.8
1998: I 8,521.1 8,750.4 8,634.5
II 8,656.4 8,852.2 8,700.3
III 8,747.0 8,981.8 8,802.1
IV 8,909.1 9,148.6 8,975.4
1999: I 9,012.9 9,292.9 9,089.5
II 9,131.3 9,402.5 9,157.0
III 9,258.4 9,571.4 9,283.8
IV 9,437.6 9,811.2 9,517.0
2000: I 9,637.8 10,002.6 9,650.7
II 9,782.2 10,208.4 9,841.0
III 9,884.9 10,318.1 9,919.4
IV 9,989.2 10,418.5 10,032.1
2001: I 10,167.2 10,505.6 10,131.3
II 10,239.1 10,549.9 10,190.9
III (p) 10,294.3 10,525.1
(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 seasonallyadjusted rates]
Personal
Gross con-
Period domestic sumption
product expendi-
tures
1991 6,676.4 4,466.5
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 8,508.9 5,683.7
1999 8,856.5 3,968.4
2000 9,224.0 6,257.8
1998: I 8,396.3 5,576.3
II 8,442.9 5,660.2
III 8,528.5 5,713.7
IV 8,667.9 5,784.7
1999: I 8,733.5 5,854.0
II 8,771.2 5,936.1
III 8,871.5 6,000.0
IV 9,049.9 6,083.6
2000: I 9,102.5 6,171.7
II 9,229.4 6,226.3
III 9,260.1 6,292.1
IV 9,303.9 6,341.1
2001: I 9,334.5 6,388.5
II 9,341.7 6,428.4
III (p) 9,333.4 6,447.8
Gross private
domestic investment
Nonresi- Resi- Change
Period dential dential in pri-
fixed fixed vate
invest- invest- inven-
ment ment tories
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 1,135.9 345.1 76.7
1999 1,228.6 368.3 62.1
2000 1,350.7 371.4 50.6
1998: I 1,099.5 333.0 113.1
II 1,132.3 340.5 42.0
III 1,136.6 349.5 71.8
IV 1,175.4 357.4 80.0
1999: I 1,192.6 366.3 83.4
II 1,214.9 368.9 32.7
III 1,244.6 368.2 39.6
IV 1,262.4 369.7 92.7
2000: I 1,309.4 377.3 28.9
II 1,347.7 376.5 78.9
III 1,371.1 366.3 51.7
IV 1,374.5 365.3 42.8
2001: I 1,373.9 372.9 -27.1
II 1,320.9 378.3 -38.3
III (p) 1,279.8 380.0 -50.4
Exports and imports of
goods and services
Period Net
exports Exports Imports
1991 -15.8 613.2 629.0
1992 -19.8 631.0 670.8
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 -221.1 1,002.4 1,223.5
1999 -316.9 1,034.9 1,351.7
2000 -399.1 1,133.2 1,532.3
1998: I -180.8 1,003.4 1,184.2
II -223.1 993.1 1,216.2
III -241.2 987.6 1,228.9
IV -239.2 1,025.6 1,264.8
1999: I -283.0 1,007.6 1,290.6
II -313.4 1,018.0 1,331.4
III -333.3 1,041.8 1,375.1
IV -337.8 1,072.1 1,409.8
2000: I -371.1 1,095.5 1,466.6
II -392.8 1,130.6 1,323.4
III -411.2 1,159.3 1,370.6
IV -421.1 1,147.5 1,568.3
2001: I -404.5 1,144.1 1,548.6
II -405.7 1,108.3 1,515.0
III (p) -395.0 1,059.0 1,454.0
Government consumption expenditures
and gross investment
Federal
Period State
Total National Non- and
Total defense defense 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 1,483.3 525.4 341.6 183.8 957.7
1999 1,531.8 536.7 348.6 188.1 994.7
2000 1,572.6 545.9 349.0 196.7 1,026.3
1998: I 1,456.1 513.0 332.0 183.0 940.8
II 1,482.6 530.1 342.0 188.0 952.4
III 1,489.9 524.9 346.5 178.4 964.7
IV 1,504.8 531.7 345.8 185.8 972.8
1999: I 1,512.3 526.7 342.7 183.9 985.2
II 1,516.8 527.7 339.7 188.0 988.6
III 1,533.2 537.0 350.0 187.0 995.8
IV 1,564.8 555.5 361.9 193.6 1,009.1
2000: I 1,560.4 536.8 342.3 194.4 1,023.0
II 1,577.2 556.9 354.8 202.0 1,020.1
III 1,570.0 541.8 345.1 196.5 1,027.6
IV 1,582.8 547.9 353.8 194.0 1,034.3
2001: I 1,603.4 552.2 360.3 191.8 1,050.5
II 1,623.0 554.7 362.4 192.3 1,067.4
III (p) 1,630.1 561.0 366.8 194.1 1,068.4
Adden-
Final Gross dum:
Period sales of domestic Gross
domestic pur- national
product chases (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 7,364.3
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 8,431.8 8,721.3 8,508.4
1999 8,792.0 9,154.9 8,853.0
2000 9,167.0 9,594.7 9,216.4
1998: I 8,286.6 8,571.6 8,405.4
II 8,397.2 8,657.0 8,448.7
III 8,454.9 8,759.7 8,517.6
IV 8,588.5 8,896.6 8,662.0
1999: I 8,651.2 9,002.3 8,732.9
II 8,735.1 9,066.5 8,769.7
III 8,825.6 9,184.1 8,861.5
IV 8,956.3 9,366.5 9,047.9
2000: I 9,061.6 9,448.5 9,089.1
II 9,148.5 9,594.5 9,217.7
III 9,201.3 9,641.5 9,247.2
IV 9,256.7 9,694.4 9,311.7
2001: I 9,347.8 9,710.4 9,329.1
II 9,364.8 9,720.4 9,335.5
III (p) 9,365.2 9,704.3
(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 agggregates.
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
Period Gross
domestic Durable Nondura-
product Total goods ble goods
1991 89.66 88.91 97.39 93.76
1992 91.84 91.62 98.28 95.20
1993 94.05 93.81 99.06 96.14
1994 96.01 95.70 100.56 96.83
1995 98.10 97.90 101.06 97.93
1996 100.00 100.00 100.00 100.00
1997 101.95 101.94 97.75 101.34
1998 103.20 103.03 95.40 101.31
1999 104.65 104.72 93.04 103.67
2000 107.04 107.52 91.53 107.55
1998: I 102.76 102.58 96.29 101.17
II 103.01 102.82 95.77 100.99
III 103.38 103.17 95.13 101.36
IV 103.65 103.53 94.51 101.69
1999: I 104.12 103.87 93.73 102.16
II 104.45 104.40 93.25 103.27
III 104.80 104.97 92.84 104.12
IV 105.22 105.61 92.42 105.09
2000: I 106.22 106.65 91.99 106.51
II 106.81 107.20 91.80 107.23
III 107.31 107.84 91.29 107.96
IV 107.78 108.36 91.03 108.48
2001: I 108.65 109.22 90.86 109.00
II 109.21 109.59 90.05 109.73
III (p) 109.80 109.48 89.41 109.34
Gross private
Personal domestic investment
consumption
Period expenditures Nonresi-
dential Residen-
Services fixed tial fixed
1991 84.82 99.80 86.64
1992 88.50 99.29 87.69
1993 91.56 99.81 91.23
1994 94.16 100.54 94.48
1995 97.25 100.93 97.91
1996 100.00 100.00 100.00
1997 103.12 99.02 102.68
1998 105.53 96.95 105.58
1999 107.80 95.60 109.57
2000 111.10 95.73 114.46
1998: I 104.61 97.75 104.25
II 105.25 97.14 105.03
III 105.81 96.66 105.99
IV 106.41 96.28 106.92
1999: I 106.94 96.03 108.05
II 107.39 95.74 109.12
III 108.07 95.39 110.11
IV 108.77 95.29 110.98
2000: I 109.98 95.53 113.22
II 110.63 95.59 113.87
III 111.51 95.90 114.91
IV 112.23 95.90 115.90
2001: I 113.52 95.44 117.21
II 113.99 95.40 117.96
III (p) 114.17 95.30 118.27
Exports and imports of
goods and services
Period Exports Imports
1991 98.10 98.93
1992 97.82 99.09
1993 97.82 98.18
1994 98.94 99.12
1995 101.28 101.83
1996 100.00 100.00
1997 98.47 96.44
1998 96.26 91.27
1999 95.65 91.78
2000 97.33 95.73
1998: I 97.08 92.61
II 96.58 91.61
III 95.86 90.49
IV 95.52 90.43
1999: I 95.30 89.88
II 95.42 91.06
III 95.66 92.39
IV 96.17 93.61
2000: I 96.74 95.03
II 97.27 95.21
III 97.57 96.26
IV 97.70 96.37
2001: I 97.67 95.65
II 97.41 94.19
III (p) 97.08 89.78
Government consumption expenditures
and gross investment
Period Federal
State
National Non- and
Total 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 102.63 102.22 103.41 104.34
1999 105.08 104.58 106.05 107.42
2000 108.12 107.56 109.21 112.14
1998: I 102.14 101.92 102.59 103.72
II 102.43 101.98 103.29 104.05
III 102.78 102.37 103.56 104.55
IV 103.15 102.60 104.21 105.04
1999: I 104.38 103.93 105.26 105.68
II 104.80 104.28 105.81 106.87
III 105.32 104.76 106.41 108.01
IV 105.78 105.32 106.67 109.08
2000: I 107.77 107.10 109.05 110.77
II 107.91 107.22 109.21 111.77
III 108.35 107.81 109.37 112.62
IV 108.45 108.08 109.19 113.37
2001: I 109.62 109.05 110.74 114.21
II 109.96 109.31 111.20 114.81
III (p) 110.00 109.35 111.26 114.79
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
Period GDP (chain-type
(current quantity
dollars) index)
1991 76.62 85.45
1992 80.88 88.06
1993 85.01 90.39
1994 90.29 94.04
1995 94.72 96.55
1996 100.00 100.00
1997 106.47 104.43
1998 112.39 108.91
1999 118.63 113.35
2000 126.36 118.06
1996: I 97.65 98.25
II 99.61 99.87
III 100.59 100.37
IV 102.15 101.51
1997: I 103.98 102.60
II 105.97 104.08
III 107.39 105.16
IV 108.52 105.88
1998: I 110.43 107.46
II 111.32 108.06
III 112.84 109.16
IV 114.99 110.94
1999: I 116.38 111.78
II 117.26 112.26
III 119.00 113.55
IV 121.88 115.83
2000: I 123.75 116.50
II 126.17 118.13
III 127.19 118.52
IV 128.35 119.08
2001: I 129.80 119.47
II 130.58 119.56
III (p) 131.16 119.46
Index numbers, 1996 = 100
GDP
Period GDP implicit
chain-type price
price index deflator
1991 89.66 89.66
1992 91.84 91.84
1993 94.05 94.05
1994 96.01 96.01
1995 98.10 98.10
1996 100.00 100.00
1997 101.95 101.95
1998 103.20 103.20
1999 104.66 104.65
2000 107.04 107.04
1996: I 99.40 99.39
II 99.74 99.74
III 100.23 100.22
IV 100.63 100.63
1997: I 101.36 101.34
II 101.82 101.82
III 102.12 102.12
IV 102.49 102.49
1998: I 102.76 102.76
II 103.02 103.01
III 103.38 103.38
IV 103.66 103.65
1999: I 104.10 104.12
II 104.45 104.45
III 104.81 104.80
IV 105.28 105.22
2000: I 106.25 106.22
II 106.81 106.81
III 107.31 107.31
IV 107.78 107.78
2001: I 108.65 108.65
II 109.22 109.21
III (p) 109.80 109.80
Percent change from preceding period (1)
Real GDP
Period GDP (chain-type
(current quantity
dollars) index)
1991 3.2 -0.5
1992 5.6 3.0
1993 5.1 2.7
1994 6.2 4.0
1995 4.9 2.7
1996 5.6 3.6
1997 6.5 4.4
1998 5.6 4.3
1999 5.5 4.1
2000 6.5 4.1
1996: I 5.4 2.9
II 8.3 6.8
III 4.0 2.0
IV 6.4 4.6
1997: I 7.3 4.4
II 7.9 5.9
III 5.5 4.2
IV 4.2 2.8
1998: I 7.2 6.1
II 3.3 2.2
III 5.6 4.1
IV 7.8 6.7
1999: I 4.9 3.1
II 3.0 1.7
III 6.1 4.7
IV 10.0 8.3
2000: I 6.3 2.3
II 8.0 5.7
III 3.3 1.3
IV 3.7 1.9
2001: I 4.6 1.3
II 2.4 .3
III (p) 1.8 -.4
Percent change from preceding period (1)
GDP GDP
Period chain-type implicit
price price
index deflator
1991 3.6 3.6
1992 2.4 2.4
1993 2.4 2.4
1994 2.1 2.1
1995 2.2 2.2
1996 1.9 1.9
1997 1.9 1.9
1998 1.2 1.2
1999 1.4 1.4
2000 2.3 2.3
1996: I 2.5 2.5
II 1.4 1.4
III 2.0 1.9
IV 1.6 1.7
1997: I 2.9 2.9
II 1.9 1.9
III 1.2 1.2
IV 1.4 1.4
1998: I 1.1 1.1
II 1.0 1.0
III 1.4 1.4
IV 1.1 1.1
1999: I 1.7 1.8
II 1.4 1.3
III 1.4 1.4
IV 1.8 1.6
2000: I 3.8 3.9
II 2.1 2.2
III 1.9 1.9
IV 1.8 1.8
2001: I 3.3 3.3
II 2.1 2.1
III (p) 2.1 2.1
(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]Price, costs and profits per
unit of real output (dollars)
Gross product
of nonfinacial Price per
corporate business unit of real Compensa-
(billions of dollars) gross prod- tion of em-
Period uct of non- ployees
Chained financial (unit labor
Current (1996) corporate cost)
dollars dollars business (1)
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 4,707.1 4,659.1 1.010 .656
1999 5,006.1 4,915.1 1.019 .666
2000 5,380.7 5,220.5 1.031 .677
1998: I 4,596.8 4,552.7 1.010 .655
II 4,658.0 4,618.7 1.009 .656
III 4,756.0 4,704.9 1.011 .655
IV 4,817.4 4,760.0 1.012 .659
1999: I 4,905.3 4,829.7 1.016 .660
II 4,958.7 4,867.6 1.019 .666
III 5,029.5 4,934.0 1.019 .669
IV 5,130.7 5,029.3 1.020 .668
2000: I 5,252.7 5,117.2 1.027 .671
II 5,370.1 5,212.2 1.030 .672
III 5,437.1 5,268.0 1.032 .676
IV 5,463.0 5,284.5 1.034 .689
2001: I 5,496.3 5,293.0 1.038 .698
II 5,539.7 5,304.2 1.044 .703
Price, costs and profits per unit of real output
(dollars)
Unit nonlabor cost
Period Consump-
Total tion of Indirect Net inter-
fixed business est
capital tax, etc. (2)
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 .240 .112 .098 .030
1999 .245 .114 .098 .033
2000 .248 .116 .099 .033
1998: I .238 .112 .098 .028
II .239 .112 .098 .029
III .239 .112 .097 .030
IV .243 .112 .100 .031
1999: I .243 .113 .097 .033
II .244 .114 .097 .033
III .247 .115 .098 .034
IV .246 .114 .098 .034
2000: I .248 .115 .099 .034
II .248 .115 .099 .034
III .248 .117 .098 .033
IV .249 .118 .100 .031
2001: I .253 .120 .101 .032
II .257 .124 .101 .032
Price, costs and profits per unit of
real output (dollars)
Corporate profits with inventory
valuation and capital consumption
Period adjustments (3)
Profits Profits
Total tax after
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 .114 .033 .081
1999 .108 .035 .073
2000 .105 .036 .070
1998: I .116 .033 .082
II .113 .033 .079
III .116 .034 .082
IV .111 .032 .079
1999: I .114 .035 .079
II .109 .035 .074
III .103 .034 .069
IV .105 .035 .070
2000: I .108 .037 .071
II .111 .038 .073
III .108 .036 .071
IV .095 .032 .063
2001: I .088 .029 .059
II .085 .029 .056
(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 annualrates]
Proprietor’s income
Compen- with inventory valu-
National sation ation and capital con-
Period income of sumption adjustments
employ-
ees (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 7,041.4 4,989.6 25.6 598.2
1999 7,462.1 5,310.7 26.6 645.4
2000 7,980.9 5,715.2 30.6 684.4
1998: I 6,874.1 4,869.4 24.1 582.9
II 6,985.5 4,948.9 24.9 592.6
III 7,108.9 5,029.8 25.4 601.6
IV 7,197.0 5,110.5 27.9 615.8
1999: I 7,326.6 5,183.0 27.4 625.7
II 7,393.1 5,262.8 27.5 640.5
III 7,482.1 5,354.9 25.2 652.0
IV 7,646.5 5,442.2 26.2 663.5
2000: I 7,796.5 5,562.8 26.5 671.0
II 7,956.1 5,669.9 32.5 685.4
III 8,047.2 5,759.3 31.6 687.6
IV 8,124.0 5,868.9 31.7 693.5
2001: I 8,169.7 5,955.7 29.8 705.4
II 8,207.9 6,010.8 28.7 716.6
III (p) 6,043.9 31.8 720.5
Rental Corporate profits with inventory
income valuation and capital consumption
of adjustments
persons
with Profits with inventory valuation
capital adjustment and without capital
Period consump- consumption adjustment
tion Total
adjust- Profits
ment Total before tax
1992 63.3 453.1 448.8 451.6
1993 90.9 510.5 506.4 510.4
1994 110.3 573.2 561.0 573.4
1995 117.9 668.8 650.2 668.5
1996 129.7 754.0 729.4 726.3
1997 128.3 833.8 800.8 792.4
1998 138.6 777.4 739.4 721.1
1999 147.7 825.2 773.4 776.3
2000 141.6 876.4 833.0 845.4
1998: I 127.7 787.4 751.8 731.7
II 136.1 769.6 733.1 722.8
III 144.2 781.9 743.8 723.6
IV 146.5 770.8 729.2 706.3
1999: I 148.3 832.5 783.5 755.4
II 149.1 810.3 758.2 759.1
III 144.4 800.2 748.1 765.8
IV 149.0 857.6 804.0 825.0
2000: I 144.9 870.3 821.1 844.9
II 141.4 892.8 847.2 862.0
III 138.3 895.0 854.6 858.3
IV 141.7 847.6 809.2 816.5
2001: I 139.6 789.8 753.8 755.7
II 139.0 759.8 729.5 738.3
III (p) 143.6
Corporate profits with inventory
valuation and capital consumption
adjustments
Profits with inventory valuation
adjustment and without capital
consumption adjustment
Capital
Period consump- Net
Inventory tion interest
valuation adjust-
adjust- ment
ment
1992 -2.8 4.3 399.5
1993 -4.0 4.1 374.3
1994 -12.4 12.2 380.5
1995 -18.3 18.6 389.8
1996 3.1 24.6 386.3
1997 8.4 32.9 423.9
1998 18.3 38.0 511.9
1999 -2.9 51.7 506.5
2000 -12.4 43.4 532.7
1998: I 20.0 35.6 482.8
II 10.3 36.6 513.2
III 20.2 38.1 526.0
IV 22.9 41.7 525.5
1999: I 28.1 49.0 509.7
II -.9 52.2 502.9
III -17.7 52.1 505.5
IV -21.0 53.6 507.9
2000: I -23.8 49.2 520.9
II -14.8 45.5 534.1
III -3.6 40.4 535.3
IV -7.3 38.4 540.6
2001: I -1.9 36.0 549.4
II -8.8 30.3 553.0
III (p) 12.6
(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 dataat seasonally adjusted annual rates]
Durable goods
Total Fur-
personal niture
con- Motor and
Period sumption Total vehicles house-
expendi- durable and hold
tures goods parts equip-
ment
1992 4,594.5 479.0 225.7 161.5
1993 4,748.9 518.3 242.2 177.4
1994 4,928.1 557.7 255.1 196.3
1995 5,075.6 583.5 253.4 215.4
1996 5,237.5 616.5 256.3 236.9
1997 5,423.9 657.3 264.8 261.9
1998 5,683.7 726.7 292.0 293.3
1999 5,968.4 817.8 327.6 334.7
2000 6,257.8 895.5 348.3 377.0
1998: I 5,576.3 692.5 274.7 281.3
II 5,660.2 719.7 292.7 286.9
III 5,713.7 727.1 287.2 297.9
IV 5,784.7 767.3 313.2 307.2
1999: I 5,854.0 780.5 312.3 317.7
II 5,936.1 809.5 328.5 328.5
III 6,000.0 827.2 331.3 339.8
IV 6,083.6 854.2 338.5 352.9
2000: I 6,171.7 892.1 355.2 368.1
II 6,226.3 886.5 342.9 374.9
III 6,292.1 904.1 351.2 381.3
IV 6,341.1 899.4 343.9 383.8
2001: I 6,388.5 922.4 357.0 391.0
II 6,428.4 938.1 361.9 400.5
III (p) 6,447.8 942.0 361.9 405.5
Durable Nondurable goods
goods
Total
Period Other nondura- Food Clothing
ble and shoes
goods
1992 94.1 1,389.7 725.6 208.8
1993 100.7 1,430.3 745.1 218.5
1994 107.6 1,485.1 764.9 231.6
1995 115.0 1,529.0 777.0 244.3
1996 123.3 1,574.1 786.0 258.6
1997 130.8 1,619.9 794.5 271.6
1998 141.8 1,686.4 819.4 290.4
1999 156.3 1,766.4 847.8 312.1
2000 172.8 1,849.9 881.3 335.3
1998: I 137.0 1,656.3 804.0 286.1
II 140.2 1,680.5 816.8 290.6
III 142.8 1,693.6 824.0 289.3
IV 147.0 1,715.3 832.8 295.8
1999: I 151.1 1,738.8 834.0 308.1
II 153.0 1,757.2 843.2 311.5
III 157.1 1,768.6 848.0 314.0
IV 164.2 1,801.1 865.9 314.6
2000: I 170.1 1,823.8 871.2 328.2
II 171.5 1,844.9 881.5 333.3
III 174.3 1,864.1 886.2 339.8
IV 175.4 1,866.8 886.4 339.9
2001: I 177.5 1,878.0 887.3 342.7
II 179.5 1,879.4 886.1 344.1
III (p) 179.1 1,882.1 887.3 341.7
Nondurable goods
Gaso- Fuel
Period line oil Other
and and
oil coal
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 131.8 14.3 430.8
1999 136.7 14.6 455.9
2000 136.6 13.8 484.5
1998: I 129.5 14.3 422.6
II 131.2 14.8 427.4
III 133.0 14.3 433.3
IV 133.4 13.9 439.7
1999: I 134.2 15.0 448.2
II 136.8 15.0 451.6
III 136.5 14.7 456.1
IV 139.2 13.8 467.7
2000: I 135.2 13.6 476.9
II 136.4 13.9 481.1
III 137.6 14.0 488.4
IV 137.2 13.8 491.4
2001: I 138.9 13.8 497.3
II 137.7 12.6 501.4
III (p) 138.7 10.0 506.8
Services Retail sales
of new pas-
senger cars
Period Total Housing Medical and light
services (1) care trucks (mil-
lions 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 3,273.4 808.7 857.7 15.4
1999 3,393.2 831.6 877.9 16.8
2000 3,527.7 850.1 903.9 17.2
1998: I 3,228.4 800.0 853.6 14.7
II 3,262.3 805.8 855.9 16.1
III 3,295.2 811.7 859.0 14.7
IV 3,307.6 817.1 862.4 16.3
1999: I 3,340.8 823.4 867.6 16.2
II 3,377.8 828.8 874.3 16.7
III 3,413.7 834.4 881.3 17.0
IV 3,440.5 839.6 888.4 17.2
2000: I 3,472.2 843.7 892.2 18.1
II 3,509.6 848.1 901.7 17.2
III 3,540.2 851.9 906.9 17.3
IV 3,588.8 856.6 915.0 16.3
2001: I 3,605.1 861.3 921.6 16.9
II 3,629.8 864.9 932.1 16.6
III (p) 3,642.6 869.0 940.3 16.1
(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 the GDP or to any intermediate
aggregates.
Source: Department of Commerce, Bureau of Economic Analysis.
SOURCES OF PERSONAL INCOME
Personal income rose $0.8 billion (annual rate) in September,
following an increase of $6.8 billion in August. Wages and salaries
increased $2.0 billion in September, following an increase of $0.5
billion in August.
[GRAPHIC OMITTED] [Billions of dollars; monthly data at seasonally adjusted annualrates]
Wage and
Total salary Other labor
Period personal disburse- income (1 2)
income 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 7,777.3 4,472.2 509.7
2000 8,319.2 4,837.2 534.2
2000: Sept 8,423.0 4,902.6 540.5
Oct 8,478.7 4,946.1 542.9
Nov 8,513.5 4,974.0 544.9
Dec 8,566.7 4,999.4 547.0
2001: Jan 8,604.0 5,022.7 548.2
Feb 8,640.2 5,051.8 549.3
Mar 8,676.2 5,073.8 550.3
Apr 8,697.0 5,092.8 551.3
May 8,709.3 5,091.7 552.0
June 8,737.6 5,115.0 553.3
July (r) 8,772.5 5,128.4 554.4
Aug (r) 8,779.3 5,128.9 555.3
Sept (p) 8,780.1 5,130.9 556.1
Proprietors’ income (3) Rental
income Personal
Period of dividend
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 25.6 598.2 138.6 348.3
1999 26.6 645.4 147.7 343.1
2000 30.6 684.4 141.6 379.2
2000: Sept 31.5 688.8 138.5 389.8
Oct 31.6 690.1 139.4 393.5
Nov 31.7 693.7 141.4 396.7
Dec 31.9 696.6 144.4 399.7
2001: Jan 30.9 700.8 141.5 402.3
Feb 30.2 703.5 139.6 404.8
Mar 28.4 711.8 137.9 407.2
Apr 29.0 711.0 138.1 409.6
May 28.8 717.1 140.3 411.9
June 28.3 721.8 138.6 414.3
July (r) 29.5 722.7 142.4 416.9
Aug (r) 31.9 725.4 144.0 420.1
Sept (p) 34.1 713.3 144.4 423.0
Less Per-
Personal sonal con-
Period interest Transfer tributions
income payments (5) for social
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 864.0 962.2 297.4
1998 964.4 983.7 316.3
1999 950.0 1,019.6 337.1
2000 1,000.6 1,069.1 357.7
2000: Sept 1,011.3 1,080.6 360.5
Oct 1,011.8 1,086.2 362.9
Nov 1,013.1 1,082.1 364.2
Dec 1,014.4 1,098.6 365.3
2001: Jan 1,012.7 1,115.8 370.7
Feb 1,010.8 1,122.4 372.2
Mar 1,009.1 1,131.0 373.2
Apr 1,005.1 1,134.1 374.0
May 1,000.7 1,140.3 373.5
June 997.2 1,143.6 374.5
July (r) 994.2 1,158.9 375.0
Aug (r) 991.2 1,157.1 374.6
Sept (p) 988.4 1,164.1 374.3
(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 adjustments.
(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 advance estimates, per capita disposable personal
income in chained (1996) dollars rose at an annual rate of 11.7
percent in the third quarter of 2001.
[GRAPHIC OMITTED]Less: Equals:
Personal Disposable
Period Personal tax and personal
income nontax income
payments
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 7,426.0 1,070.4 6,355.6
1999 7,777.3 1,159.2 6,618.0
2000 8,319.2 1,288.2 7,031.0
Seasonally adjusted annual rates
1998: I 7,254.8 1,034.0 6,220.8
II 7,382.8 1,055.4 6,327.4
III 7,490.7 1,083.7 6,407.0
IV 7,575.8 1,108.5 6,467.3
1999: I 7,631.4 1,120.4 6,511.0
II 7,719.6 1,142.6 6,577.0
III 7,818.7 1,171.3 6,647.3
IV 7,939.3 1,202.5 6,736.8
2000: I 8,104.4 1,245.3 6,859.1
II 8,271.0 1,277.3 6,993.7
III 8,381.5 1,300.2 7,081.3
IV 8,519.6 1,329.8 7,189.8
2001: I 8,640.2 1,345.2 7,295.0
II 8,714.6 1,351.4 7,363.2
III (p) 8,777.3 1,197.0 7,580.3
Dispos-
able
personal
Less: Equals: income in
Period Personal Personal billions of
outlays (1) saving chained
(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 6,054.1 301.5 6,168.6
1999 6,457.2 160.9 6,320.0
2000 6,963.3 67.7 6,539.2
Seasonally adjusted annual rates
1998: I 5,912.9 307.9 6,064.5
II 6,018.2 309.1 6,153.6
III 6,095.6 311.4 6,209.9
IV 6,189.7 277.6 6,246.6
1999: I 6,280.6 230.4 6,268.2
II 6,401.8 175.2 6,300.0
III 6,506.5 140.8 6,332.4
IV 6,639.7 97.2 6,379.2
2000: I 6,805.7 53.5 6,431.6
II 6,905.6 88.1 6,523.7
III 7,026.9 54.5 6,566.5
IV 7,115.1 74.7 6,634.9
2001: I 7,216.2 78.8 6,679.0
II 7,281.7 81.5 6,719.2
III (p) 7,293.6 286.7 6,923.9
Per capita Per capita personal
disposable personal consumption
income expenditures
Period Current Chained Current Chained
dollars (1996) dollars (1996)
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 23,491 22,800 21,644 21,007
1999 24,242 23,150 22,895 21,863
2000 25,528 23,742 24,429 22,721
Seasonally adjusted annual rates
1998: I 23,072 22,493 21,215 20,682
II 23,418 22,775 21,541 20,949
III 23,652 22,925 21,763 21,093
IV 23,816 23,004 22,055 21,303
1999: I 23,931 23,039 22,350 21,516
II 24,125 23,109 22,732 21,774
III 24,321 23,169 23,045 21,953
IV 24,589 23,283 23,449 22,205
2000: I 24,987 23,430 23,977 22,483
II 25,426 23,717 24,267 22,636
III 25,682 23,814 24,609 22,819
IV 26,013 24,006 24,861 22,943
2001: I 26,335 24,111 25,189 23,062
II 26,520 24,200 25,372 23,153
III (p) 27,238 24,880 25,366 23,169
Percent Population,
change Saving as including
in real percent of Armed
Period 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 4.4 4.7 270,560
1999 1.5 2.4 272,996
2000 2.6 1.0 275,423
Seasonally
adjusted
annual
rates
1998: I 7.3 4.9 269,623
II 5.1 4.9 270,188
III 2.7 4.9 270,882
IV 1.4 4.3 271,548
1999: I .6 3.5 272,070
II 1.2 2.7 272,619
III 1.0 2.1 273,315
IV 2.0 1.4 273,980
2000: I 2.5 .8 274,508
II 5.0 1.3 275,059
III 1.6 .8 275,735
IV 3.3 1.0 276,388
2001: I 1.8 1.1 277,011
II 1.5 1.1 277,650
III (p) 11.7 3.8 278,292
(1) Includes personal consumption expenditures, interest paid by
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 second quarter of 2001, according to current estimates, gross
farm income rose $3.5 billion (annual rate) and net farm income fell
$2.6 billion.
[GRAPHIC OMITTED] [Billions of dollars; quarterly data at seasonally adjusted annualrates]
Income of farm operators from farming
Gross farm income
Period Cash marketing receipts
Total (1)
Total Livestock and Crops
products
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 238.5 207.6 96.5 111.2
1998 231.8 195.8 94.1 101.7
1999 235.3 188.1 95.5 92.6
2000 241.5 193.6 99.5 94.1
1999: I 227.5 186.3 95.7 90.6
II 229.4 191.1 94.6 96.5
III 230.4 195.7 96.2 99.6
IV 253.8 179.3 95.6 83.7
2000: I 231.8 190.0 98.4 91.6
II 233.8 195.1 99.0 96.1
III 239.9 205.3 100.6 104.6
IV 260.7 184.0 99.9 84.1
2001: I 244.2 204.5 105.8 98.7
II 247.7 210.8 109.9 100.9
Income of farm operators from farming
Gross farm
Period income
Value of Production Net farm
inventory expenses income
changes (2)
1992 4.2 152.8 47.7
1993 -4.2 160.4 44.2
1994 8.3 167.1 48.8
1995 -5.0 173.8 36.9
1996 8.0 180.8 54.9
1997 .6 190.0 48.5
1998 -.6 189.0 42.9
1999 -.2 191.0 44.3
2000 .5 195.1 46.4
1999: I -.3 197.4 30.1
II -.3 198.6 30.8
III -.2 189.7 40.8
IV -.1 178.2 75.6
2000: I .6 197.7 34.1
II .5 202.9 30.8
III .4 197.5 42.4
IV .3 182.3 78.4
2001: I .2 201.7 42.5
II .2 207.8 39.9
(1) Cash marketing receipts and invenory 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 2001 are forecasts.
Source: Department of Agriculture.
CORPORATE PROFITS
In the second, quarter of 2001, according to current estimates,
corporate profits before tax fell $17.4 billion (annual rate)
and profits after tax fell $8.6 billion.
[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- Nonfinancial
cial
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 739.4 637.2 158.4 478.8
1999 773.4 658.8 191.0 467.8
2000 833.0 696.3 204.4 491.8
1998: I 751.8 642.2 166.8 475.4
II 733.1 626.7 156.4 470.3
III 743.8 651.3 155.0 496.4
IV 729.2 628.5 155.5 473.0
1999: I 783.5 674.7 183.8 490.9
II 758.2 648.7 179.9 468.8
III 748.1 637.5 191.3 446.2
IV 804.0 674.4 209.1 465.3
2000: I 821.1 700.6 210.0 490.6
II 847.2 718.3 200.3 518.0
III 854.6 713.6 203.1 510.6
IV 809.2 652.4 204.4 448.0
2001: I 753.8 613.8 202.2 411.6
II 729.5 585.4 183.3 402.1
III (p)
Profits (before tax) with inventory valuation
adjustment (1)
Domestic industries
Period
Nonfinancial
Manufac- Transpor- Whole- Retail
turing tation (4) sale
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 164.3 79.1 55.9 73.8
1999 163.7 59.0 53.8 77.1
2000 155.2 67.4 60.5 81.8
1998: I 165.9 77.5 54.2 71.3
II 160.1 80.9 55.5 72.3
III 168.9 87.0 60.4 74.7
IV 162.2 71.1 53.3 76.7
1999: I 175.9 66.3 55.7 81.0
II 169.6 53.0 51.7 80.0
III 158.4 53.1 48.6 72.5
IV 151.1 63.5 59.2 74.9
2000: I 167.0 63.8 57.6 83.6
II 175.0 67.9 64.9 83.0
III 159.4 70.5 63.7 84.5
IV 119.4 67.3 55.9 76.3
2001: I 90.4 66.4 40.3 84.9
II 93.4 62.6 34.0 85.6
III (p)
Profits after tax
Period Profits Tax
before liability Total
tax
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 721.1 238.8 482.3
1999 776.3 253.0 523.3
2000 845.4 271.5 573.9
1998: I 731.7 239.9 491.8
II 722.8 237.8 485.0
III 723.6 243.6 480.1
IV 706.3 234.1 472.2
1999: I 755.4 246.2 509.2
II 759.1 247.9 511.2
III 765.8 250.7 515.1
IV 825.0 267.3 557.7
2000: I 844.9 277.0 567.8
II 862.0 280.4 581.6
III 858.3 274.9 583.4
IV 816.5 253.5 563.0
2001: I 755.7 236.8 518.9
II 738.3 228.0 510.3
III (p)
Profits after tax
Inven-
Undis- tory
Period Divi- tributed valu-
dends profits ation
adjust-
ment
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 348.7 133.6 18.3
1999 343.5 179.8 -2.9
2000 379.6 194.3 -12.4
1998: I 349.4 142.5 20.0
II 350.4 134.5 10.3
III 348.3 131.8 20.2
IV 346.7 125.5 22.9
1999: I 342.4 166.8 28.1
II 339.7 171.4 -.9
III 342.2 172.9 -17.7
IV 349.6 208.1 -21.0
2000: I 361.5 206.3 -23.8
II 373.7 207.9 -14.8
III 386.2 197.2 -3.6
IV 397.0 165.9 -7.3
2001: I 405.2 113.7 -1.9
II 412.3 98.0 -8.8
III (p) 420.4
(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 third quarter of 2001, according to advance estimates,
nonresidential fixed investment in chained (1996) dollars fell $41.1
billion (annual rate) and residential investment rose $1.7 billion.
There was a decrease of $50.4 billion in inventories following a
decrease of $38.3 billion in the second quarter.
[GRAPHIC OMITTED] [Billions of chained (1996) dollars; quarterly data at seasonallyadjusted annual rates]
Fixed investment
Gross Nonresidential
private
Period domestic Total
investment Total
1991 829.5 832.5 610.1
1992 899.8 886.5 630.6
1993 977.9 958.4 683.6
1994 1,107.0 1,045.9 744.6
1995 1,140.6 1,109.2 817.5
1996 1,242.7 1,212.7 899.4
1997 1,393.3 1,328.6 1,009.3
1998 1,558.0 1,480.0 1,135.9
1999 1,660.1 1,595.4 1,228.6
2000 1,772.9 1,716.2 1,350.7
1998: I 1,543.3 1,431.4 1,099.5
II 1,516.8 1,471.4 1,132.3
III 1,559.7 1,485.4 1,136.6
IV 1,612.1 1,531.7 1,175.4
1999: I 1,641.8 1,558.2 1,192.6
II 1,617.4 1,582.8 1,214.9
III 1,655.8 1,610.8 1,244.6
IV 1,725.4 1,629.7 1,262.4
2000: I 1,722.9 1,683.4 1,309.4
II 1,801.6 1,719.2 1,347.7
III 1,788.8 1,730.1 1,371.1
IV 1,778.3 1,732.1 1,374.5
2001: I 1,721.0 1,740.3 1,373.9
II 1,666.2 1,696.4 1,320.9
III (p) 1,619.6 1,659.5 1,279.8
Fixed investment
Nonresidential
Period Equipment Residential
Structures and soft-
ware
1991 210.1 407.2 221.1
1992 197.3 437.5 257.2
1993 198.9 487.1 276.0
1994 200.5 544.9 302.7
1995 210.1 607.6 291.7
1996 225.0 674.4 313.3
1997 245.4 764.2 319.7
1998 262.2 875.4 345.1
1999 256.9 978.3 368.3
2000 272.8 1,087.4 371.4
1998: I 255.7 845.0 333.0
II 264.8 868.6 340.5
III 263.0 875.1 349.5
IV 265.1 912.9 357.4
1999: I 260.7 936.0 366.3
II 257.9 962.6 368.9
III 253.2 999.5 368.2
IV 255.7 1,015.2 369.7
2000: I 261.1 1,058.3 377.3
II 268.5 1,089.6 376.5
III 278.2 1,102.3 366.3
IV 283.3 1,099.3 365.3
2001: I 291.7 1,087.7 372.9
II 282.3 1,043.2 378.3
III (p) 273.3 1,011.0 380.0
Change in private
inventories
Period Total Nonfarm
1991 -1.0 1.4
1992 17.1 10.7
1993 20.0 28.6
1994 66.8 53.6
1995 30.4 42.6
1996 30.0 22.1
1997 63.8 60.6
1998 76.7 75.0
1999 62.1 63.5
2000 50.6 52.3
1998: I 113.1 106.7
II 42.0 47.4
III 71.8 70.8
IV 80.0 75.1
1999: I 83.4 78.7
II 32.7 34.2
III 39.6 52.2
IV 92.7 88.7
2000: I 28.9 37.8
II 78.9 75.1
III 51.7 56.6
IV 42.8 39.7
2001: I -27.1 -27.3
II -38.3 -35.8
III (p) -50.4 -46.8
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 seasonallyadjusted annual rates]
Nonresidential
Structures
Non-
Total resi-
Period non- dential
resi- build-
den- Total (1) ings,
tial include-
ing
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 1,135.9 262.2 188.3
1999 1,228.6 256.9 185.5
2000 1,350.7 272.8 194.9
1998: I 1,099.5 255.7 184.1
II 1,132.3 264.8 189.6
III 1,136.6 263.0 187.5
IV 1,175.4 265.1 191.9
1999: I 1,192.6 260.7 192.0
II 1,214.9 257.9 186.4
III 1,244.6 253.2 182.0
IV 1,262.4 255.7 181.6
2000: I 1,309.4 261.1 188.9
II 1,347.7 268.5 194.0
III 1,371.1 278.2 197.5
IV 1,374.5 283.3 199.1
2001: I 1,373.9 291.7 202.0
II 1,320.9 282.3 191.6
III (p) 1,279.8 273.3 176.5
Nonresidential
Structures Equipment and
software
Min-
Period ing
explo-
Utili- ration, Total (2)
ties shafts,
and
wells
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 42.7 25.1 875.4
1999 45.7 20.0 978.3
2000 48.5 23.5 1,087.4
1998: I 40.6 24.9 845.0
II 43.0 26.0 868.6
III 43.7 25.9 875.1
IV 43.7 23.7 912.9
1999: I 42.9 20.2 936.0
II 44.4 20.6 962.6
III 46.7 19.2 999.5
IV 48.7 20.1 1,015.2
2000: I 45.2 21.3 1,058.3
II 46.4 22.5 1,089.6
III 49.0 25.3 1,102.3
IV 53.5 24.8 1,099.3
2001: I 56.1 28.3 1,087.7
II 55.0 30.4 1,043.2
III (p) 50.2 30.5 1,011.0
Nonresidential
Equipment and software
Information processing
equipment and software
Period Com-
puters
and Soft-
Total periph- ware
eral
equip-
ment
1991 142.7 15.4 51.4
1992 163.0 20.8 58.7
1993 183.4 26.4 66.8
1994 206.6 32.6 74.3
1995 242.8 49.2 82.0
1996 287.3 70.9 95.1
1997 349.8 102.9 119.0
1998 429.3 147.7 147.1
1999 506.2 208.6 167.3
2000 609.5 290.3 187.6
1998: I 404.5 132.7 138.8
II 422.5 142.4 144.6
III 433.7 147.7 150.0
IV 456.4 167.7 155.0
1999: I 470.8 182.4 158.9
II 498.0 201.9 164.8
III 520.0 218.5 170.5
IV 535.8 231.8 175.0
2000: I 573.6 253.9 181.0
II 601.5 284.5 183.5
III 621.0 305.2 189.7
IV 641.8 317.6 196.0
2001: I 620.9 314.4 192.9
II 588.1 287.3 191.1
III (p) 566.4 268.9 186.6
Nonresidential
Equipment and software
Information processing
equipment and software
Period Indus- Trans-
trial porta-
equip- tion
Other ment equip-
ment
1991 86.4 99.0 87.7
1992 91.5 100.8 92.3
1993 96.4 109.6 103.4
1994 104.9 119.6 120.4
1995 113.1 131.3 128.2
1996 121.3 136.4 138.9
1997 129.8 140.0 150.5
1998 143.5 145.6 168.2
1999 157.2 146.4 197.6
2000 186.5 162.6 192.7
1998: I 138.9 148.7 161.2
II 143.0 145.6 166.4
III 144.4 143.3 164.2
IV 147.9 144.8 181.0
1999: I 148.6 143.7 189.5
II 156.0 145.2 192.5
III 160.8 147.4 205.6
IV 163.4 149.4 202.8
2000: I 178.9 159.0 200.6
II 186.5 160.5 200.8
III 187.7 165.1 193.2
IV 193.2 165.6 176.2
2001: I 180.8 170.7 177.4
II 165.9 161.2 174.4
III (p) 159.5 150.4 172.5
Residential
Structures
Period Total
resi- Single
den- Total (4) family
tial (3)
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 345.1 336.8 175.9
1999 368.3 359.3 188.9
2000 371.4 361.8 190.9
1998: I 333.0 325.0 165.6
II 340.5 332.2 172.5
III 349.5 341.2 180.2
IV 357.4 349.0 185.5
1999: I 366.3 357.6 188.3
II 368.9 360.0 187.9
III 368.2 359.1 187.5
IV 369.7 360.5 192.1
2000: I 377.3 367.8 197.4
II 376.5 367.0 195.0
III 366.3 356.8 186.2
IV 365.3 355.8 185.0
2001: I 372.9 363.3 191.1
II 378.3 368.6 192.8
III (p) 380.0 370.5 193.3
(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
[Billions of dollars]Capital expenditures
By industry
Total Fores-
Period capi- try,
tal Total fish- Min-
ex- by ing ing
pendi- indus- and
tures try agri-
cul-
tural
ser-
ices
For companies with employees
1996 807.1
1997 871.8
1998 970.9 896.5 0.9 40.4
1999 1,038.2 965.8 1.7 30.5
Capital expenditures
By industry
Period Con- Manu- Whole-
Utili- struc- fac- sale
ties tion tur- trade
ing
For companies with employees
1996
1997
1998 36.0 26.9 203.6 29.2
1999 44.6 23.1 196.0 33.4
Capital expenditures
By industry
Trans-
Period porta- Fi-
Retail tion Infor- nance
trade and ma- and
ware- tion insur-
hous- ance
ing
For companies with employees
1996
1997
1998 57.3 51.3 96.5 118.2
1999 63.7 55.1 120.2 127.2
Capital expenditures
By industry
Real Pro-
Period es- fess- For
tate ional, Health com-
and scien- care panies
rent- tific, and Other with-
al and social (1) out
and tech- assis- em-
leas- nical tance ploy-
ing serv- ees
ices
For companies with employees
1996
1997
1998 85.2 22.3 47.1 81.7 74.4
1999 97.6 29.3 51.3 92.0 72.3
(1) Includes the following industries: Management of companies and
enterprises; administrative and support and waste management;
educational services arts, entertainment, and recreation; accommodation
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 for 1998
and 1999 are based on the North American Industry Classification
System (NAICS); 1997.
Source: Department of Commerce, Bureau of the Census.
COPYRIGHT 2001 Superintendent Of Documents
COPYRIGHT 2001 Gale Group
