Categories
Economic Indicators

Total output, income, and spending

Total output, income, and spending – Statistical Data Included

TOTAL OUTPUT, INCOME, AND SPENDING

GROSS DOMESTIC PRODUCT

In the 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 at

seasonally 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 seasonally

adjusted 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 annual

rates]

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 data

at 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 annual

rates]

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 annual

rates]

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 annual

rates]

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 seasonally

adjusted 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 seasonally

adjusted 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