ERP1992 Appendixes 2

Appendix BSTATISTICAL TABLES RELATING TO INCOME,

EMPLOYMENT, AND PRODUCTION

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


C O N T E N T S

NATIONAL INCOME OR EXPENDITURE:Page

B-l. Gross domestic product, 1959-91 298B-2. Gross domestic product in 1987 dollars, 1959-91 300B-3. Implicit price deflators for gross domestic product, 1959-91 302B-4. Changes in gross domestic product and personal consumption ex-

penditures, and related implicit price deflators and fixed-weighted price indexes, 1960-91 304

B-5. Selected per capita product and income series in current and1987 dollars, 1959-91 305

B-6. Gross domestic product by major type of product, 1959-91 306B-7. Gross domestic product by major type of product in 1987 dollars,

1959-91 307B-8. Gross domestic product by sector, 1959-91 308B-9. Gross domestic product by sector in 1987 dollars, 1959-91 309B-10. Gross domestic product of nonfmancial corporate business, 1959-

91 310B-ll. Output, costs, and profits of nonfinancial corporate business,

1959-91 311B-12. Personal consumption expenditures, 1959-91 312B-13. Personal consumption expenditures in 1987 dollars, 1959-91 313B-14. Gross and net private domestic investment, 1959-91 314B-15. Gross and net private domestic investment in 1987 dollars, 1959-

91 315B-16. Inventories and final sales of domestic business, 1959-91 316B-17. Inventories and final sales of domestic business in 1987 dollars,

1959-91 .. 317B-18. Foreign transactions in the national income and product ac-

counts, 1959-91 318B-19. Exports and imports of goods and services and receipts and pay-

ments of factor income in 1987 dollars, 1959-91 319B-20. Relation of gross domestic product, gross national product, net

national product, and national income, 1959-91 320B-21. Relation of national income and personal income, 1959-91 321B-22. National income by type of income, 1959-91 322B-23. Sources of personal income, 1959-91 324B-24. Disposition of personal income, 1959-91 326B-25. Total and per capita disposable personal income and personal

consumption expenditures in current and 1987 dollars, 1959-91 327B-26. Gross saving and investment, 1959-91 328B-27. Personal saving, flow of funds accounts, 1946-91 329B-28. Median income (in 1990 dollars) and poverty status of families

and persons, by race, selected years, 1971-90 330

293Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY: Page

B-29. Population by age groups, 1929-90 331B-30. Population and the labor force, 1929-91 332B-31. Civilian employment and unemployment by sex and age, 1947-91 334B-32. Civilian employment by demographic characteristic, 1954-91 335B-33. Unemployment by demographic characteristic, 1954-91 336B-34. Labor force participation rate and employment/population ratio,

1948-91 337B-35. Civilian labor force participation rate by demographic character-

istic, 1954-91 338B-36. Civilian employment/population ratio by demographic character-

istic, 1954-91 339B-37. Unemployment rate, 1948-91 340B-38. Civilian unemployment rate by demographic characteristic,

1948-91. 341B-39. Unemployment by duration and reason, 1947-91 342B-40. Unemployment insurance programs, selected data, 1960-91 343B-41. Employees on nonagricultural payrolls, by major industry, 1946-

91 344B-42. Average weekly hours and hourly and weekly earnings in pri-

vate nonagricultural industries, 1955-91 346B-43. Employment cost index, private industry, 1979-91..... 347B-44. Productivity and related data, business sector, 1959-91 348B-45. Changes in productivity and related data, business sector, 1960-

91 349

PRODUCTION AND BUSINESS ACTIVITY:B-46. Industrial production indexes, major industry divisions, 1947-91.. 350B-47. Industrial production indexes, market groupings, 1947-91 351B-48. Industrial production indexes, selected manufacturers, 1947-91.... 352B-49. Capacity utilization rates, 1948-91 353B-50. New construction activity, 1929-91 354B-51. New housing units started and authorized, 1959-91 356B-52. Business expenditures for new plant and equipment, 1947-92 357B-53. Manufacturing and trade sales and inventories, 1950-91 358B-54. Manufacturers' shipments and inventories, 1950-91 359B-55. Manufacturers' new and unfilled orders, 1950-91 360

PRICES:B-56. Consumer price indexes, major expenditure classes, 1950-91 361B-57. Consumer price indexes, selected expenditure classes, 1950-91 362B-58. Consumer price indexes, commodities, services, and special

groups, 1950-91 364B-59. Changes in special consumer price indexes, 1958-91 365B-60. Changes in consumer price indexes, commodities and services,

1929-91 366B-61. Producer price indexes by stage of processing, 1947-91 367B-62. Producer price indexes by stage of processing, special groups,

1974-91 369B-63. Producer price indexes for major commodity groups, 1950-91 370B-64. Changes in producer price indexes for finished goods, 1955-91 372


MONEY STOCK, CREDIT, AND FINANCE: Page

B-65. Money stock, liquid assets, and debt measures, 1959-91 373B-66. Components of money stock measures and liquid assets, 1959-91.. 374B-67. Aggregate reserves of depository institutions and monetary base,

1959-91 376B-68. Commercial bank loans and securities, 1972-91 377B-69. Bond yields and interest rates, 1929-91 378B-70. Total funds raised in credit markets by nonfinancial sectors,

1982-90 380B-71. Mortgage debt outstanding by type of property and of financing,

1940-91 382B-72. Mortgage debt outstanding by holder, 1940-91 383B-73. Consumer credit outstanding, 1950-91 384

GOVERNMENT FINANCE:B-74. Federal receipts, outlays, surplus or deficit, and debt, selected

fiscal years, 1929-93 , 385B-75. Federal receipts, outlays, and debt, fiscal years 1981-93 386B-76. Relation of Federal Government receipts and expenditures in the

national income and product accounts to the budget, fiscalyears 1989-91 388

B-77. Federal and State and local government receipts and expendi-tures, national income and product accounts, 1959-91 389

B-78. Federal and State and local government receipts and expendi-tures, national income and product accounts, by major type,1959-91 390

B-79. Federal Government receipts and expenditures, national incomeand product accounts, 1975-91 391

B-80. State and local government receipts and expenditures, nationalincome and product accounts, 1959-91 392

B-81. State and local government revenues and expenditures, selectedfiscal years, 1927-90 393

B-82. Interest-bearing public debt securities by kind of obligation,1967-91 394

B-83. Maturity distribution and average length of marketable interest-bearing public debt securities held by private investors, 1967-91 395

B-84. Estimated ownership of public debt securities by private inves-tors, 1976-91 396

CORPORATE PROFITS AND FINANCE:B-85. Corporate profits with inventory valuation and capital consump-

tion adjustments, 1959-91 397B-86. Corporate profits by industry, 1959-91 398B-87. Corporate profits of manufacturing industries, 1959-91 399B-88. Sales, profits, and stockholders' equity, all manufacturing corpo-

rations, 1950-91 400B-89. Relation of profits after taxes to stockholders' equity and to

sales, all manufacturing corporations, 1947-91 401B-90. Sources and uses of funds, nonfarm nonfinancial corporate busi-

ness, 1947-91 402B-91. Common stock prices and yields, 1952-91 403B-92. Business formation and business failures, 1950-91 404


AGRICULTURE: Page

B-93. Farm income, 1940-91 405B-94. Farm output and productivity indexes, 1947-91 406B-95. Farm input use, selected inputs, 1947-90 407B-96. Indexes of prices received and prices paid by farmers, 1950-91 408B-97. U.S. exports and imports of agricultural commodities, 1940-91 409B-98. Balance sheet of the farm sector, 1939-91 410

INTERNATIONAL STATISTICS:B-99. International investment position of the United States at year-

end, 1982-90 411B-100. U.S. international transactions, 1946-91 412B-101. U.S. merchandise exports and imports by principal end-use cate-

gory, 1965-91 414B-102. U.S. merchandise exports and imports by area, 1982-91 415B-103. U.S. merchandise exports, imports, and trade balance, 1972-91 416B-104. International reserves, selected years, 1952-91 417B-105. Industrial production and consumer prices, major industrial

countries, 1967-91 418B-106. Civilian unemployment rate, and hourly compensation, major in-

dustrial countries, 1965-91 419B-107. Foreign exchange rates, 1967-91 : 420B-108. Growth rates in real gross national product/gross domestic

product, 1971-91 421

NATIONAL WEALTH:B-109. National wealth, 1945-90 422B-110. National wealth in 1982 dollars, 1945-90 423


Detail in these tables may not add to totals because of rounding. 'Unless otherwise noted, all dollar figures are in current dollars. .Symbols used: , "

^* ' ". * ' ; ' '

,

Data in theê tables reflect §^fc)iig^ma^ '̂ltojîM^ agencies fromJanuary 1991 through January 1992. In particular, tables containing

: data from the national income and product accounts reflect the recentprehensive (beBehanark) revision, ' -' /•'* -, , ' ' - -;com


NATIONAL INCOME OR EXPENDITURE

TABLE B-l.—Gross domestic product, 1959-91

[Billions of dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year or quarter

1959196019611962.196319641965196619671968196919701971197219731974197519761977197819791980.. ..19811982198319841985198619871988198919901991 *1982- IV1983- IV1984: IV1985: IV1986: IV1987: IV1988: 1

||II IIV

1989: 1IIIllIV

1990- 1IIIllIV

1991- 1IIIllIV ".

Grossdomesticproduct

494.2513.4531.8571.6603.1648.0702.7769.8814.3889.3959.5

1,010.71,097.21,207.01,349.61,458.61,585.91,768.41,974.12,232.72,488.62,708.03,030.63,149.63,405.03,777.24,038.74,268.64,539.94,900.45,244.05,513.85,671.83,195.13,547.33,869.14,140.54,336.64,683.04,752.44,857.24,947.35,044.65,139.95,218.55,277.35,340.45,422.45,504.75,570.55,557.55,589.05,652.65,709.25,736.6

Personal consumption expenditures

Total

318.1332.4343.5364.4384.2412.54446481.6509.3559.1603.76465700.3767.8848.1927.7

102491,143.11,271.51,421.21,583.71,748.11,926.22,059.22,257.52,460.32,667.42,850.63,052.23,296.13,517.93,742.63,886.82,128.72,346.82,526.42,739.82,923.13,124.63,199.13,260.53,326.63,398.23,436.53,490.63,551.73,592.83,667.33,706.03,785.23,812.03,827.73,868.53,916.43,934.4

Durablegoods

42.843.541.947.051.856.863568.570.681.086.285397.2

110.7124.1123.01343160.0182.6202.3214.2212.5228.5236.5275.0317.9352.9389.6403.7437.1459.8465.9445.2246.9297.7328.2354.4406.8408.8428.8433.1433.5452.9449.4457.2474.5458.0479.9464.6467.1451.9440.7440.0452.9447.2

Non-durablegoods

148.5153.1157.4163.8169.4179.71919208.5216.9235.0252.22704283.3305.2339.6380.84160451.8490.4541.5613.3682.9744.2772.3817.8873.0919.4952.2

1,011.11,073.81,146.91,217.71,251.0

787.3839.8887.8939.5963.7

1,029.41,041.51,062.01,085.81,105.81,120.01,142.51,155.31,169.81,194.91,200.91,228.41,246.41,246.31,252.91,257.41,247.6

Services

126.8135.9144.1153.6163.1175.918922C4.6221.7243.1265.32908319.8351.9384.5423.94745531.2598.4677.4756.2852.7953.5

1,050.41,164.71,269.41,395.11,508.81,637.41,785.21,911.22,059.02,190.51,094.61,209.31,310.41,446.01,552.61,686.41,728.81,765.41,807.31,839.51,867.11,891.01,921.91,965.01,992.52,040.42,089.62,113.62,140.72,175.62,206.12,239.6

Gross private domestic investment

Total

78.878.777.987.993.4

101.71180130.4128.0139.9155.21503175.5205.6243.1245.82260286.4358.3434.0480.2467.6558.0503.4546.7718.9714.5717.6749.3793.6837.6802.6725.3464.2614.8722.8737.0697.1800.2770.6788.4800.7814.8844.7844.3826.8834.4812.0825.9821.8750.9709.3708.8740.9742.3

Fixed investment

Total

74.675.575.081.887.796.7

1083116.7117.6130.8145.51481167.5195.7225.4231.52317269.6333.5406.1467.5477.1532.5519.3552.2647.8689.9709.0723.0777.4801.6802.7745.6510.5594.6671.8704.4715.9740.9753.8774.6783.6797.5801.6802.0803.5799.4815.3800.2807.7787.4748.4745.8744.5743.4

Nonresidential

Total

46.549.248.652.855.662.474184.485.292.1

102.91067111.7126.1150.0165.61690187.2223.2274.5326.4353.8410.0413.7400.2468.9504.0492.4497.8545.4570.7587.0550.4397.7426.9491.5511.3491.7514.3526.8544.1550.3560.2565.1570.2574.2573.4586.3580.0596.3585.2560.0554.6546.8540.3

Struc-tures

18.119.619.720.821.223.728331.331.533.637.740342.747.255.061.261465.974.693.9

118.4137.5169.1178.8153.1175.6193.4174.0171.3182.0193.1198.7174.5168.9154.6184.1195.4168.4180.0176.6181.4183.1186.8191.1190.0194.9196.5202.4199.5201.7191.2184.0180.0169.0164.8

Pro-ducers'durableequip-ment

28.329.728.932.134.438.745853.053.758.565.266469.178.995.1

104.31076121.2148.7180.6208.1216.4240.9234.9247.1293.3310.6318.4326.5363.4377.6388.3376.0228.8272.3307.3315.9323.3334.3350.2362.6367.3373.4374.0380.2379.3376.8384.0380.5394.7394.0375.9374.7377.8375.6

Resi-dential

28.126.326.429.032.134.334232.332.438.742.641455.869.775.366.062782.5

110.3131.6141.0123.3122.5105.7152.0178.9185.9216.6225.2232.0230.9215.7195.1112.8167.7180.4193.1224.2226.5227.0230.5233.3237.3236.5231.8229.2226.0229.0220.3211.4202.2188.4191.2197.7203.1

Changein

busi-ness

inven-tories

4.23.22.96.15.75.097

13.810.59.19.7238.09.9

17.714.357

16.724.727.912.8

-9.525.4

-15.9-5.571.124.68.6

26.316.236.0

.0-20.2-46.3

20.251.032.6

-18.859.316.813.817.117.343.242.323.335.1

-3.325.614.1

-36.5-39.2-37.1-3.6-1.1

See next page for continuation of table.


TABLE B-l.—Gross domestic product, 1959-91—Continued


Year orquarter

1959196019611962196319641965196619671968196919701971197219731974197519761977....19781979198019811982198319841985198619871988198919901991"1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988:1

IIIllIV

1989:1IIIllIV

1990: 1||IIIIV

1991: 1IIIllIV "...

Net exports of goods andservices l

Netexports

-1.72.43.42.43.35.53.91.91.4

-1.3-1.2

1.2-3.0-8.0

.6-3.113.6

-2.3-23.7-26.1-23.8-14.7-14.7-20.6-51.4

-102.7-115.6-132.5-143.1-108.0-82.9-74.4-27.1-29.5-71.8

-107.1-135.5-133.2-143.2-122.0-105.6-98.5

-106.0-88.9-83.0-82.1-77.5-78.0-60.4-82.5-76.6-36.8-17.2-37.3-17.3

Exports

20.625.326.027.429.433.635.438.941.445.349.357.059.366.291.8

124.3136.3148.9158.8186.1228.9279.2303.0282.6276.7302.4302.1319.2364.0444.2504.9550.4593.3265.6286.2308.7304.7333.9392.4418.5438.8452.4467.0486.1506.2506.2521.3534.6545.9548.7572.6565.9589.8597.0620.4

Imports

22.322.822.725.026.128.131.537.139.946.650.555.862.374.291.2

127.5122.7151.1182.4212.3252.7293.9317.7303.2328.1405.1417.6451.7507.1552.2587.8624.8620.4295.1358.0415.7440.2467.1535.6540.5544.3550.9573.1575.0589.2588.3598.8612.6606.3631.2649.2602.7607.0634.3637.7

Government purchases

Total

99.099.8

107.0116.8122.3128.3136.3155.9175.6191.5201.8212.7224.3241.5257.7288.3321.4341.3368.0403.6448.5507.1561.1607.6652.3700.8772.3833.0881.5918.7971.4

1,042.91,086.9

631.6657.6727.0799.2849.7901.4904.7913.8918.5937.6947.5966.6980.9990.7

1,021.21,833.21,046.01,071.21,088.81,092.51,089.11,077.0

Federal

Total

57.155.358.665.466.467.569.581.392.899.2

100.5100.1100.0106.9108.5117.6129.4135.8147.9162.2179.3209.1240.8266.6292.0310.9344.3367.8384.9387.0401.4424.9445.1281.4289.7324.7356.9373.1392.5386.6386.0383.5392.0392.6401.9407.6403.7417.2423.3424.7434.5451.5452.1444.9431.9

Nation-al

defense

46.445.347.952.151.550.451.062.073.479.178.976.874.177.477.582.689.693.4

100.9108.9121.9142.7167.5193.8214.4233.1258.6276.7292.1295.6300.0313.4323.4205.5222.8242.9268.6278.6295.8296.7294.8294.0296.8293.9298.5305.8301.6309.3312.7311.1320.6332.3328.4322.3310.7

Non-de-

fense

10.810.010.613.314.917.018.519.319.420.021.623.325.929.431.135.039.842.447.053.357.566.473.372.777.577.885.791.192.991.4

101.5111.5121.775.966.981.988.394.596.789.991.289.595.298.7

103.3101.8102.1107.9110.7113.6113.9119.2123.7122.6121.3

Stateandlocal

41.844.548.451.455.860.966.874.682.792.3

101.3112.6124.3134.7149.2170.7192.0205.5220.1241.4269.2298.0320.3341.1360.3389.9428.1465.3496.6531.7570.0618.0641.8350.3367.9402.2442.4476.6509.0518.1527.8535.1545.7554.9564.7573.3587.0604.0609.9621.4636.7637.3640.4644.2645.1

Finalsales ofdomes-

ticproduct

490.0510.1528.9565.5597.5643.0693.0756.0803.8880.2949.8

1,008.41,089.21,197.11,331.91,444.41,591.51,751.71,949.42,204.82,475.92,717.53,005.23,165.53,410.63,706.14,014.14,260.04,513.74,884.25,208.15,513.85,692.03,241.43,527.13,818.14,107.94,355.44,623.74,735.64,843.44,930.25,027.35,096.75,176.25,254.05,305.35,425.75,479.15,556.55,594.05,628.25,689.65,712.85,737.6

Grossdomes-tic pur-chases 2

495.8510.9528.4569.2599.8642.5698.8767.9812.9890.6960.7

1,009.51,100.21,215.01,349.01,461.81,572.31,770.71,997.82,258.82,512.52,722.83,045.33,170.23,456.53,879.94,154.34,401.24,683.05,008.45,326.95,588.15,699.03,224.63,619.13,976.24,276.04,469.84,826.24,874.44,962.75,045.85,150.75,228.85,301.55,359.45,417.95,500.55,565.15,653.05,634.05,625.85,669.85,746.55,753.8

Adden-dum:Gross

nation-al

prod-uct3

497.0516.6535.4575.8607.7653.0708.1774.9819.8895.5965.6

1,017.11,104.91,215.71,362.31,474.31,599.11,785.51,994.62,254.52,520.82,742.13,063.83,179.83,434.43,801.54,053.64,277.74,544.54,908.25,248.25,524.5

3,222.63,578.43,890.24,156.24,340.54,690.54,764.34,862.74,951.65,054.35,144.35,217.75,279.85,350.95,432.75,505.55,576.85,583.25,611.75,660.65,720.1

Percent changefrom preceding

period

Grossdomes-

ticproduct

3.93.67.55.57.48.49.55.89.27.95.38.6

10.011.88.18.7

11.511.613.111.58.8

11.93.98.1

10.96.95.76.47.97.05.12.94.0

11.75.46.44.49.96.19.17.68.17.86.34.64.96.36.24.9-.92.34.64.11.9

Grossdomestic

pur-chases 2

3.03.47.75.47.18.89.95.99.67.95.19.0

10.411.08.47.6

12.612.813.111.28.4

11.84.19.0

12.27.15.96.46.96.44.92.03.8

12.25.67.93.79.64.17.46.98.66.25.74.44.46.24.86.5

-1.3-.63.25.5.5

1 New definition: Excludes receipts and payments of factor income from or to rest of the world.2 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.3 GDP plus net receipts of factor income from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-2.—Gross domestic product in 1987 dollars, 1959-91

[Billions of 1987 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959

19601961196219631964

196519661967 ..19681969

19701971197219731974

19751976197719781979

1980 .1981198219831984

198519861987 .19881989

19901991 P

1982: IV....1983- IV1984: IV1985: IV1986: IV.1987: IV

1988: 1IIIllIV

1989: I||IIIIV

1990- 1 .IIIllIV

1991: IIIIllIV


1,931.3

1,973.22,025.62,129.82,218.02,343.3

2,473.52,622.32,690.32,801.02,877.1

2,875.82,965.13,107.13,268.63,248.1

3,221.73,380.83,533.23,703.53,796.8

3,776.33,843.13,760.33,906.64,148.5

4,279.84,404.54,540.04,718.64,836.9

4,884.94,848.4

3,759.64,012.14,194.24,333.54,427.14,625.5

4,655.34,704.84,734.54,779.7

4,809.84,832.44,845.64,859.7

4,880.84,900.34,903.34,855.1

4,824.04,840.74,862.74,866.3

Personal consumptionexpenditures

Total

1,178.9

1,210.81,238.41,293.31,341.91,417.2

1,497.01,573.81,622.41,707.51,771.2

1,813.51,873.71,978.42,066.72,053.8

2,097.52,207.32,296.62,391.82,448.4

2,447.12,476.92,503.72,619.42,746.1

2,865.82,969.13,052.23,162.43,223.1

3,262.63,256.7

2,539.32,678.22,784.82,895.33,012.53,074.7

3,128.23,147.83,170.63,202.9

3,200.93,208.63,241.13,241.6

3,258.83,258.63,281.23,251.8

3,241.13,252.43,271.23,262.2

Durablegoods

114.4

115.4109.4120.2130.3140.7

156.2166.0167.2184.5190.8

183.7201.4225.2246.6227.2

226.8256.4280.0292.9289.0

262.7264.6262.5297.7338.5

370.1402.0403.7428.7440.8

438.9412.5

272.3319.1347.7369.6415.7404.7

425.1426.9423.8439.2

433.6439.9454.3435.6

452.7438.7440.3424.0

410.8408.9418.3412.1

Non-durablegoods

518.5

526.9537.7553.0563.6588.2

616.7647.6659.0686.0703.2

717.2725.6755.8777.9759.8

767.1801.3819.8844.8862.8

860.5867.9872.2900.3934.6

958.7991.0

1,011.11,035.11,049.3

1,050.81,042.3

880.7915.2942.9968.7

1,000.91,014.6

1,023.51,031.01,039.31,046.8

1,047.11,043.31,051.41,055.3

1,054.41,050.31,053.71,044.7

1,043.91,046.21,046.11,033.0

Services

546.0

568.5591.3620.0648.0688.3

724.1760.2796.2837.0877.2

912.5946.7997.4

1,042.21,066.8

1,103.61,149.51,196.81,254.11,296.5

1,323.91,344.41,368.91,421.41,473.0

1,537.01,576.11,637.41,698.51,732.9

1,773.01,801.9

1,386.21,443.91,494.21,557.11,595.81,655.5

1,679.61,690.01,707.51,716.9

1,720.31,725.41,735.41,750.7

1,751.81,769.61,787.31,783.1

1,786.31,797.21,806.81,817.1

Gross private domestic investment

Total

296.4

290.8289.4321.2343.3371.8

413.0438.0418.6440.1461.3

429.7481.5532.2591.7543.0

437.6520.6600.4664.6669.7

594.4631.1540.5599.5757.5

745.9735.1749.3773.4789.2

744.5672.6

503.5669.5756.4763.1705.9793.8

756.9769.4782.2785.0

803.2797.4776.8779.2

754.9766.0760.3696.6

657.0656.3686.5690.6

Fixed investment

Total

282.8

282.7282.2305.6327.3356.2

387.9401.3391.0416.5436.5

423.8460.7509.6554.0512.0

451.5495.1566.2627.4656.1

602.7606.5558.0595.1689.6

723.8726.5723.0753.4756.6

744.2687.7

548.4640.2708.4732.9725.9733.9

737.7753.3758.6764.1

761.9758.5756.6749.2

758.9743.8746.4727.8

689.8686.8686.5687.9

Nonresidential

Total

165.2

173.3172.1185.0192.3214.0

250.6276.7270.8280.1296.4

292.0292.6311.6357.4356.5

316.8328.7364.3412.9448.8

437.8455.0433.9420.8490.2

521.8500.3497.8530.8542.4

548.8512.7

417.2449.6509.6525.5495.5510.6

517.7531.4535.2538.8

540.0543.6544.7541.3

550.7544.3555.5544.5

519.1514.8510.0506.9

Struc-tures

74.4

80.882.386.186.995.9

111.5119.1116.0117.4123.5

123.3121.2124.8134.9132.3

118.0120.5126.1144.1163.3

170.2182.9181.3160.3182.8

197.4176.6171.3174.0177.4

177.9153.9

173.2162.6189.5198.3170.4177.9

171.6174.4174.1175.7

177.8175.0178.4178.6

182.3178.9180.0170.4

163.3158.9148.4144.8


90.8

92.589.898.9

105.4118.1

139.1157.6154.8162.7172.9

168.7171.4186.8222.4224.2

198.8208.2238.2268.8285.5

267.6272.0252.6260.5307.4

324.4323.7326.5356.8365.0

370.8358.8

244.0287.0320.1327.2325.0332.7

346.1356.9361.0363.1

362.2368.6366.3362.7

368.4365.4375.5374.0

355.8355.8361.6362.1

Resi-dential

117.6

109.4110.1120.6135.0142.1

137.3124.5120.2136.4140.1

131.8168.1198.0196.6155.6

134.7166.4201.9214.5207.4

164.8151.6124.1174.2199.3

202.0226.2225.2222.7214.2

195.5175.1

131.2190.6198.8207.4230.5223.3

220.0222.0223.5225.3

221.9215.0211.9207.9

208.2199.5190.9183.3

170.7172.0176.5181.0

Changein

busi-ness

inven-tories

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13.925.534.337.213.6

8.324.6

-17.54.4

67.9

22.18.5

26.319.932.6

.2-15.1

-44.929.347.930.2

-20.159.9

19.216.123.520.9

41.238.920.230.0

-4.022.113.9

-31.2

-32.8-30.4

.12.7


TABLE B-2.—Gross domestic product in 1987 dollars, 1959-91—Continued

[Billions of 1987 dollars, except as noted; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959

I9601961196219631964

19651966196719681969

19701971197219731974...

19751976197719781979

19801981198219831984

19851986....198719881989

19901991 ".

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988: 1IIIllIV

1989: IIIIllIV

1990: 1III l lIV

1991: 1IIIllIV »

Net exports of goods andservices »

Netexports

-21.8

-7.655

-10.5582.5

-6.4-18.0-23.7-37.5

415

352-45.9-56.5-34.1-4.1

23.1-6.4

-27.8-29.9-10.6

30.722.0

-7.4-56.1

-122.0

-145.3-155.1-143.0-104.0-75.7

-51.3-17.6

-19.0-83.7

-131.4-155.4-156.0-136.0

-113.4-98.1

-101.9-102.7

-81.2-71.9-79.8-70.0

-56.0-52.5-65.7-31.2

-18.6-12.3-31.1-8.3

Exports

73.8

88.489.995.0

101.8115.4

118.1125.7130.0140.2147.8

161.3161.9173.7210.3234.4

232.9243.4246.9270.2293.5

320.5326.1296.7285.9305.7

309.2329.6364.0421.6469.2

505.7539.6

280.4291.5312.8312.0342.9386.1

407.1417.2424.1438.2

451.2469.5470.5485.8

496.2502.1501.6522.5

512.5535.7545.2565.1

Imports

95.6

96.195.3

105.5107.7112.9

124.5143.7153.7177.7189.2

196.4207.8230.2244.4238.4

209.8249.7274.7300.1304.1

289.9304.1304.1342.1427.7

454.6484.7507.1525.7544.9

557.0557.2

299.4375.1444.2467.4498.9522.1

520.5515.2526.1540.9

532.4541.3550.3555.7

552.2554.5567.4553.7

531.1548.0576.3573.4


Total

477.8

479.2503.3525.9538.7551.7

569.9628.5673.0691.0686.1

667.8655.8653.0644.2655.4

663.5659.2664.1677.0689.3

704.2713.2723.6743.8766.9

813.4855.4881.5886.8900.4

929.1936.7

735.9748.1784.3830.5864.8893.0

883.7885.6883.7894.5

886.9898.3907.4908.9

923.0928.1927.5937.9

944.5944.3936.1921.9

Federal

Total

268.2

261.3271.9289.0288.1284.5

285.1325.4356.1357.2344.2

316.9294.2284.4265.3262.6

262.7258.2263.0268.6271.7

284.8295.8306.0320.8331.0

355.2373.0384.9377.3375.0

380.9384.8

316.0322.2341.7363.7377.5391.6

379.7377.2373.7378.4

369.1376.2380.9373.9

379.3383.3378.4382.6

391.7392.7384.5370.2

Nation-al

de-fense

"209"6191.3185.8

184.9179.9181.6182.1185.1

194.2206.4221.4234.2245.8

265.6280.6292.1287.0280.7

281.3281.4

229.4242.9254.3272.1282.2295.0

290.8287.1284.6285.7

276.1279.9286.7279.9

281.5283.8278.0282.0

289.4287.0280.4268.9

Non-de-

fense

74"874.176.8

77.878.381.486.586.6

90.689.484.786.685.1

89.592.492.990.294.4

99.6103.4

86.679.387.491.695.396.6

88.990.189.192.7

93.096.394.294.0

97.799.5

100.4100.6

102.3105.7104.1101.3

Stateandlocal

209.6

217.9231.4236.9250.6267.3

284.8303.1317.0333.7341.9

350.9361.6368.6378.9392.9

400.8401.1401.0408.4417.6

419.4417.4417.6423.0436.0

458.2482.4496.6509.6525.3

548.2551.9

419.9425.9442.6466.7487.3501.4

503.9508.3510.0516.1

517.8522.1526.4534.9

543.7544.8549.1555.3

552.7551.7551.6551.7

Finalsales ofdomes-

ticproduct

1,917.8

1,965.02,018.42,114.22,202.02,327.6

2,448.32,585.62,662.72,777.42,852.3

2,869.92,944.33,084.53,230.93,217.2

3,235.63,355.33,499.03,666.33,783.2

3,784.63,818.63,777.83,902.24,080.6

4,257.64,395.94,513.74,698.64,804.3

4,884.74,863.6

3,804.53,982.84,146.24,303.34,447.24,565.6

4,636.24,688.74,710.94,758.7

4,768.54,793.54,825.44,829.7

4,884.84,878.14,889.44,886.3

4,856.84,871.24,862.64,863.7

Grossdomes-tic pur-chases 2

1,953.1

1,980.82,031.12,140.32,223.82,340.7

2,479.92,640.32,714.02,838.52,918.6

2,911.03,011.03,163.63,302.73,252.2

3,198.63,387.13,561.13,733.33,807.4

3,745.73,821.23,767.73,962.84,270.5

4,425.14,559.64,683.04,822.64,912.6

4,936.24,866.0

3,778.64,095.84,325.54,488.94,583.14,761.5

4,768.74,802.84,836.44,882.4

4,891.04,904.34,925.44,929.7

4,936.84,952.74,969.14,886.3

4,842.64,853.14,893.84,874.6

Adden-dum:Gross

nation-al

prod-uct3

1,942.1

1,985.12,039.02,145.02,234.22,360.8

2,491.92,639.42,707.82,819.82,895.0

2,893.52,985.23,128.83,298.63,282.4

3,247.63,412.23,568.93,739.03,845.3

3,823.43,884.43,796.13,939.64,174.5

4,295.04,413.54,544.64,726.34,840.7

4,894.6

3,791.74,046.64,216.44,349.54,430.84,633.0

4,667.14,710.34,738.74,789.0

4,813.94,831.64,847.94,869.3

4,890.24,901.24,909.24,877.7

4,843.74,847.84,872.0

Percent changefrom preceding

period

Grossdomes-

ticprod-uct

2.22.75.14.15.6

5.66.02.64.12.7

-.03.14.85.2-.6

-.84.94.54.82.5

1.8-2.2

3.96.2

3.22.93.13.92.5

1.0

.67.02.72.31.35.9

2.64.32.53.9

2.51.91.11.2

1.71.6.2

-3.9

-2.51.41.8.3

Grossdomestic

pur-chases 2

1.42.55.43.95.3

5.96.52.84.62.8

-.33.45.14.4

-1.5

-1.65.95.14.82.0

-1.62.0

-1.45.27.8

3.63.02.73.01.9

.5-1.4

.78.73.02.7

.55.4

.62.92.83.9

.71.71.7.3

.61.31.3

-6.5

-3.5.9

3.4-1.6

1 New definition: Excludes receipts and payments of factor income from or to rest of the world.2 Gross domestic product (GDP) less exports of goods and services plus imports of goods and services.3 GOP plus net receipts of factor income from rest of the world.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-3.—Implicit price deflators for gross domestic product, 1959-91

[Index numbers, 1987 = 100, except as noted; quarterly data seasonally adjusted]

Year or quarter

1959

I96019611962 .. .19631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991 "

1982: IV1983: IV1984- IV1985- IV1986: IV1987: IV .

1988: 1I I . .Il lIV.

1989- 1IIIl lIV

1990: 1||II IIV

1991- 1I IIllIV P


25.6

26.026.326.827.227.7

28.429.430.331.733.3

35.137.038.841.344.9

49.252.355.960.365.5

71.778.983.887.291.0

94.496.9

100.0103.9108.4

112.9117.0

85.088.492.295.598.0

101.2

102.1103.2104.5105.5

106.9108.0108.9109.9

111.1112.3113.6114.5

115.9116.8117.4117.9


Total

27.0

27.527.728.228.629.1

29.730.631.432.734.1

35.637.438.841.045.2

48.951.855.459.464.7

71.477.882.286.289.6

93.196.0

100.0104.2109.1

114.7119.3

83.887.690.794.697.0

101.6

102.3103.6104.9106.1

107.4108.8109.6110.8

112.5113.7115.4117.2

118.1118.9119.7120.6

Durablegoods

37.4

37.738.339.139.740.4

40.641.342.343.945.2

46.448.349.250.354.1

59.262.465.269.174.1

80.986.490.192.493.9

95.496.9

100.0102.0104.3

106.1107.9

90.693.394.495.997.8

101.0

100.9101.5102.3103.1

103.6103.9104.4105.2

106.0105.9106.1106.6

107.3107.6108.3108.5

Non-durablegoods

28.6

29.129.329.630.130.5

31.132.232.934.335.9

37.739.040.443.750.1

54.256.459.864.171.1

79.485.788.690.893.4

95.996.1

100.0103.7109.3

115.9120.0

89.491.894.197.096.3

101.5

101.8103.0104.5105.6

107.0109.5109.9110.8

113.3114.3116.6119.3

119.4119.8120.2120.8

Services

23.2

23.924.424.825.225.6

26.126.927.829.030.2

31.933.835.336.939.7

43.046.250.054.058.3

64.470.976.781.986.2

90.895.7

100.0105.1110.3

116.1121.6

79.083.787.792.997.3

101.9

102.9104.5105.8107.1

108.5109.6110.7112.2

113.7115.3116.9118.5

119.8121.1122.1123.3

Fixed investment

Total

26.4

26.726.626.826.827.1

27.929.130.131.433.3

34.936.438.440.745.2

51.354.558.964.771.2

79.287.893.192.893.9

95.397.6

100.0103.2106.0

107.9108.4

93.192.994.896.198.6

101.0

102.2102.8103.3104.4

105.2105.7106.2106.7

107.4107.6108.2108.2

108.5108.6108.5108.1

Nonresidential

Total

28.1

28.428.228.628.929.2

29.630.531.532.934.7

36.538.240.542.046.4

53.356.961.366.572.7

80.890.195.395.195.6

96.698.4

100.0102.8105.2

107.0107.4

95.395.096.497.399.2

100.7

101.8102.4102.8104.0

104.6104.9105.4105.9

106.5106.5107.4107.5

107.9107.7107.2106.6

Struc-tures

24.4

24.224.024.124.424.7

25.426.327.228.630.5

32.735.237.840.746.3

52.054.759.265.272.5

80.892.598.695.596.1

98.098.5

100.0104.6108.8

111.7113.4

97.595.197.298.598.8

101.2

102.9104.0105.1106.3

107.5108.6109.3110.1

111.0111.5112.0112.2

112.7113.2113.9113.8

Pro-ducers'

dur-able

equip-ment

31.2

32.132.232.432.632.8

32.933.634.736.037.7

39.440.342.242.746.5

54.158.262.467.272.9

80.988.593.094.895.4

95.798.4

100.0101.9103.5

104.7104.8

93.894.996.096.599.5

100.5

101.2101.6101.7102.8

103.3103.2103.6103.9

104.2104.1105.1105.3

105.7105.3104.5103.7

Residen-tial

23.9

24.024.024.023.824.1

24.925.926.928.430.4

31.433.235.238.342.4

46.649.654.661.368.0

74.880.985.287.389.7

92.095.8

100.0104.2107.8

110.4111.5

86.088.090.793.197.3

101.5

103.21G3.8104.4105.3

106.6107.8108.2108.7

110.0110.4110.7110.3

110.4111.2112.0112.2


TABLE B-3.—Implicit price deflators for gross domestic product, 1959-91—Continued

[Index numbers, 1987=100, except as noted; quarterly data seasonally adjusted]

Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976 .197719781979

1980 .1981198219831984

19851986198719881989

19901991"

1982- IV1983: IV1984: IV1985- IV1986: IV1987: IV

1988- 1IIIllIV

1989: 1||HIIV

1990-1IIIll .IV

1991: 1||HIIV".

Exports andimports of goods

and services l

Exports

28.0

28.629.028.928.929.1

30.031.031.832.333.3

35.336.638.143.653.0

58.561.264.368.978.0

87.192.995.296.898.9

97.796.9

100.0105.3107.6

108.9109.9

94.798.298.797.797.4

101.6

102.8105.2106.7106.6

107.7107.8107.6107.3

107.7108.7109.4109.6

110.4110.1109.5109.8

Imports

23.4

23.823.823.724.324.9

25.325.826.026.226.7

28.430.032.237.353.5

58.560.566.470.783.1

101.4104.599.795.994.7

91.993.2

100.0105.1107.9

112.2111.3

98.595.493.694.293.6

102.6

103.9105.7104.7106.0

108.0108.8106.9107.7

110.9109.3111.2117.2

113.5110.8110.1111.2


Total

20.7

20.821.322.222.723.3

23.924.826.127.729.4

31.834.237.040.044.0

48.451.855.459.665.1

72.078.784.087.791.4

95.097.4

100.0103.6107.9

112.2116.0

85.887.992.796.298.3

100.9

102.4103.2103.9104.8

106.8107.6108.1109.0

110.6111.3112.8114.2

115.3115.7116.4116.8

Federal

Total

21.3

21.221.522.623.123.7

24.425.026.1-27.829.2

31.634.037.640.944.8

49.352.656.260.466.0

73.481.487.191.093.9

96.998.6

100.0102.6107.0

111.6115.7

89.089.995.098.198.8

100.2

101.8102.3102.6103.6

106.4106.8107.0108.0

110.0110.4112.2113.6

115.3115.1115.7116.7

Nationaldefense

36.940.544.5

48.551.955.659.865.8

73.581.187.691.694.8

97.398.6

100.0103.0106.9

111.4114.9

89.691.795.598.798.7

100.3

102.0102.7103.3103.9

106.5106.6106.7107.8

109.9110.2111.9113.7

114.8114.4114.9115.5

Non-defense

39.341.945.5

51.254.157.761.766.4

73.382.185.989.591.3

95.798.6

100.0101.4107.5

112.0117.8

87.784.393.796.499.2

100.1

101.2101.2100.4102.6

106.1107.4108.1108.6

110.4111.2113.1113.2

116.5117.1117.9119.6

Stateandlocal

19.9

20.420.921.722.322.8

23.524.626.127.729.6

32.134.436.539.443.5

47.951.254.959.164.5

71.176.781.785.289.4

93.496.4

100.0104.3108.5

112.7116.3

83.486.490.994.897.8

101.5

102.8103.8104.9105.7

107.2108.2108.9109.7

111.1111.9113.2114.7

115.3116.1116.8116.9

Finalsales ofdomes-

ticproduct

25.5

26.026.226.727.127.6

28.329.230.231.733.3

35.137.038.841.244.9

49.252.255.760.165.4

71.878.783.887.490.8

94.396.9

100.0103.9108.4

112.9117.0

85.288.692.195.597.9

101.3

102.1103.3104.7105.6

106.9108.0108.9109.8

111.1112.3113.6114.5

115.9116.8117.5118.0

Grossdomestic

pur-chases 2

25.4

25.826.026.627.027.5

28.229.130.031.432.9

34.736.538.440.844.9

49.252.356.160.566.0

72.779.784.187.290.9

93.996.5

100.0103.9108.4

113.2117.1

85.388.491.995.397.5

101.4

102.2103.3104.3105.5

106.9108.1108.8109.9

111.4112.4113.8115.3

116.2116.8117.4118.0

Percentchange

frompreced-

ingperiod,

GDPimplicitpricedefla-tor3

1.61.21.91.51.8

2.53.53.14.65.0

5.45.44.96.48.7

9.66.36.97.98.6

9.510.06.24.14.4

3.72.63.23.94.3

4.23.6

3.44.22.63.93.33.6

3.64.45.13.9

5.44.23.43.7

4.44.44.73.2

5.03.12.11.7

1 New definition: Excludes receipts and payments of factor income from or to rest of the world.2 Gross domestic product (GOP) less exports of goods and services pfus imports of goods and services.3 Quarterly changes are at annual rates.Note.—Separate deflators are not calculated for gross private domestic investment, change in business inventories, and net exports

of goods and services.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-4.—Changes in gross domestic product and personal consumption expenditures, and relatedimplicit price deflators and fixed-weighted price indexes, 1960-91

[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year or quarter

I96019611962...19631964

19651966196719681969

19701971197219731974

1975...197619771978 '.1979

19801981198219831984

198519861987 :19881989

1990...1991 p

1982: IV1983- IV1984: IV1985- IV1986- IV1987: IV1988: I . ..

||IIIIV

1989:1III I IIV

1990:1||I I IIV

1991:1.||III .IV P

Gross domestic product

Currentdollars

3.93.67.55.57.4

8.49.55.89.27.9

5.38.6

10.011.88.1

8.711.511.613.111.5

8.811.93.98.1

10.9

-6.95.76.47.97.0

5.12.9

4.011.75.46.44.49.96.19.17.68.17.86.34.64.96.36.24.9-.92.34.64.11.9

Con-stant

(1987)dollars

2.22.75.14.15.6

5.66.02.64.12.7

03.14.85.2-.6

-.84.94.54.82.5

-.51.82 23.96.2

3.22.93.13.92.5

1.0-.7

.67.02.72.31.35.92.64.32.53.92.51.91.11.21.71.6

.2-3.9

251.41.8.3

Implicitprice

deflator

1.61.21.91.51.8

2.53.53.14.65.0

5.45.44.96.48.7

9.66.36.97.98.6

9.510.06.24.14.4

3.72.63.23.94.3

4.23.6

3.44.22.63.93.33.63.64.45.13.95.44.23.43.74.44.44.73.25.03.12.11.7

Fixed-weight-ed price

index(1987

weights)


Currentdollars

4.53.36.15.47.4

7.88.35.89.88.0

7.18.39.6

10.59.4

10.511.511.211.811.4

10.410.26.99.69.0

8.46.97.18.06.7

6.43.9

11.210.58.15.45.84.49.97.98.48.94.66.47.24.78.64.38.82.91.74.35.01.9

Con-stant

(1987)dollars

2.72.34.43.85.6

5.65.13.15.23.7

2.43.35.64.5-.6

2.15.24.04.12.4

-.11.21.14.64.8

4.43.62.83.61.9

1.2-.2

6.06.14.5

.32.5-.17.12.52.94.1-.21.04.1.1

2.1-.02.835

-1.31.42.3

-1.1

Implicitprice

deflator

1.9.7

1.81.41.7

2.13.02.64.14.3

4.45.13.75.7

10.2

8.25.96.97.28.9

10.49.05.74.93.9

3.93.14.24.24.7

5.14.0

4.94.23.14.82.94.52.85.25.14.75.05.33.04.56.34.36.16.43.12.72.73.0

Fixed-weight-ed price

index(1987

weights)

Note.—Data are not yet available for fixed-weighted price indexes (1987 weights).Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-5.—Selected per capita product and income series in current and 1987 dollars, 1959-91

[Quarterly data at seasonally adjusted annual rates, except as noted]

Year orquarter

1959

I9601961196219631964

1965196619671968 .1969

197019711972 .19731974

1975197619771978.1979

19801981198219831984

19851986198719881989

19901991"

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988: 1IIIllIV

1989: 1IIIllIV

1990: 1IIIllIV

1991: 1IIIllIV >.

Current dollars

Grossdomes-

ticprod-uct

2,791

2,8402,8943,0633,1863,376

3,6163,9154,0974,4304,733

4,9285,2835,7506,3686,819

7,3438,1098,96110,02911,055

11,89213,17713,56414,53115,978

16,93317,73518,69419,99421,196

22,05622,448

13,70915,08516,31017,29617,95319,213

19,45819,84620,16120,506

20,85221,12521,30421,500

21,78122,05522,25122,135

22,20622,40622,56722,611

Person-al

income

2,209

2,2642,3212,4302,5162,661

2,8453,0613,2533,5363,816

4,0524,3024,6715,1845,637

6,0536,6327,2698,1219,032

9,94811,02111,58912,21613,345

14,17014,91715,65516,63017,705

18,72019,131

11,78612,61313,66814,44015,10216,076

16,24516,49916,72017,053

17,46017,61617,72618,014

18,40018,64918,85118,977

18,94419,11019,18419,286

Dispos-able

person-al

income

1,958

1,9942,0482,1372,2102,369

2,5272,6992,8613,0773,274

3,5213,7794,0424,5214,893

5,3295,7966,3167,0427,787

8,5769,4559,98910,64211,673

12,33913,01013,54514,47715,313

16,23616,693

10,18911,03311,92512,56513,12113,907

14,15414,33214,57014,850

15,13115,19715,33715,586

15,96316,15416,34416,479

16,49216,67816,75216,849


Total

1,796

1,8391,8691,9532,0302,149

2,2872,4502,5622,7852,978

3,1523,3723,6584,0024,337

4,7455,2415,7726,3847,035

7,6778,3758,8689,63410,408

11,18411,84312,56813,44814,219

14,97115,383

9,1349,98010,64911,44512,10112,819

13,09913,32213,55613,814

13,94214,13014,33814,464

14,73114,84815,12015,183

15,20815,33415,48115,508

Dura-ble

goods

242

240228252273296

327348355404425

416468528585575

622734829909952

933994

1,0181,1731,345

1,4801,6191,6621,7831,858

1,8641,762

1,0591,2661,3831,4801,6841,677

1,7561,7701,7671,841

1,8231,8511,9161,844

1,9281,8621,8661,800

1,7511,7441,7901,763

Non-durablegoods

838

847857878895936

9871,0601,0911,1711,244

1,3181,3641,4541,6021,780

1,9262,0722,2262,4322,725

2,9993,2363,3263,4903,693

3,8553,9564,1634,3814,636

4,8714,951

3,3783,5723,7423,9243,9904,223

4,2644,3394,4254,495

4,5444,6254,6644,710

4,8004,8124,9074,964

4,9524,9664,9704,918

Serv-ices

716

752784823861917

9741,0411,1161,2111,308

1,4181,5401,6761,8141,982

2,1972,4362,7173,0433,359

3,7454,1464,5234,9715,370

5,8496,2696,7427,2847,725

8,2368,670

4,6965,1435,5246,0406,4286,919

7,0787,2137,3657,477

7,5757,6557,7597,911

8,0048,1758,3478,418

8,5058,6248,7208,828

Constant (1987) dollars

Grossdomes-

ticprod-uct

10,907

10,91611,02411,41411,71712,209

12,72713,33813,53613,95314,191

14,02214,27614,80115,42215,185

14,91715,50216,03916,63516,867

16,58416,71016,19416,67217,549

17,94418,29918,69419,25219,550

19,54019,189

16,13217,06217,68018,10218,32818,977

19,06119,22319,29419,429

19,51319,56219,56119,565

19,60619,63319,58619,337

19,16619,18819,22119,181

Dispos-able

person-

income

7,256

7,2647,3827,5837,7188,140

8,5088,8229,1149,3999,606

9,87510,11110,41411,01310,832

10,90611,19211,40611,85112,039

12,00512,15612,14612,34913,029

13,25813,55213,54513,89014,030

14,15413,987

12,15412,59113,14513,27813,52213,685

13,84013,83613,88613,996

14,09313,96913,99614,063

14,18514,20414,16814,058

13,96514,02213,99213,970


Total

6,658

6,6986,7406,9317,0897,384

7,7038,0058,1638,5068,737

8,8429,0229,4259,7529,602

9,71110,12110,42510,74410,876

10,74610,77010,78211,17911,617

12,01512,33612,56812,90313,027

13,05112,889

10,89511,39011,73912,09512,47212,615

12,80812,86212,92113,020

12,98612,98913,08413,051

13,09013,05613,10712,952

12,87712,89212,93012,858

Dura-ble

goods

646

638595•644688733

803844841919941

896970

1,0731,1641,062

1,0501,1761,2711,3161,284

1,1541,1501,1311,2701,432

1,5521,6701,6621,7491,782

1,7561,633

1,1691,3571,4661,5441,7211,660

1,7401,7441,7271,785

1,7591,7811,8341,754

1,8181,7581,7591,689

1,6321,6211,6531,624

Non-durablegoods

2,928

2,9152,9262,9642,9773,065

3,1733,2943,3163,4173,469

3,4973,4943,6013,6703,552

3,5523,6743,7223,7953,833

3,7793,7743,7563,8423,953

4,0194,1184,1634,2234,241

4,2034,125

3,7793,8923,9754,0464,1444,162

4,1904,2134,2354,255

4,2484,2234,2454,249

4,2354,2084,2094,161

4,1484,1474,1354,071

Serv-ices

3,083

3,1453,2183,3233,4233,586

3,7263,8674,0064,1694,327

4,4494,5584,7514,9174,988

5,1105,2715,4335,6335,760

5,8145,8455,8956,0666,231

6,4446,5486,7426,9307,004

7,0927,131

5,9486,1416,2986,5056,6076,792

6,8776,9056,9586,979

6,9796,9847,0067,048

7,0377,0907,1397,102

7,0977,1247,1427,162

Popula-tion(thou-

sands) »

177,073

180,760183,742186,590189,300191,927

194,347196,599198,752200,745202,736

205,089207,692209,924211,939213,898

215,981218,086220,289222,629225,106

227,715229,989232,201234,326236,393

238,510240,691242,860245,093247,405

249,992252,666

233,060235,146237,231239,387241,550243,745

244,235244,744245,387246,004

246,491247,032247,711248,387

248,950249,594250,349251,074

251,689252,281252,990253,705

1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data areaverages of quarterly data. Quarterly data are averages for the period.

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).


TABLE B-6.—Gross domestic product by major type of product, 1959-91

[Billions of dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959

1960 .1961196219631964

19651966196719681969

1970...1971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991 p

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988:1

III l lIV

1989:1IIIllIV

1990:1III l lIV

1991:1IIIllIV *....


494.2

513.4531.8571.6603.1648.0

702.7769.8814.3889.3959.5

1,010.71,097.21,207.01,349.61,458.6

1,585.91,768.41,974.12,232.72,488.6

2,708.03,030.63,149.63,405.03,777.2

4,038.74,268.64,539.94,900.45,244.0

5,513.85,671.8

3,195.13,547.33,869.14,140.54,336.64,683.04,752.44,857.24,947.35,044.65,139.95,218.55,277.35,340.45,422.45,504.75,570.55,557.55,589.05,652.65,709.25,736.6

Finalsales ofdomes-

ticproduct

490.0

510.1528.9565.5597.5643.0

693.0756.0803.8880.2949.8

1,008.41,089.21,197.11,331.91,444.4

1,591.51,751.71,949.42,204.82,475.9

2,717.53,005.23,165.53,410.63,706.1

4,014.14,260.04,513.74,884.25,208.1

5,513.85,692.0

3,241.43,527.13,818.14,107.94,355.44,623.74,735.64,843.44,930.25,027.35,096.75,176.25,254.05,305.35,425.75,479.15,556.55,594.05,628.25,689.65,712.85,737.6

Inven-tory

change

4.2

3.22.96.15.75.0

9.713.810.59.19.7

2.38.09.9

17.714.3

-5.716.724.727.912.8

-9.525.4

-15.9-5.571.1

24.68.6

26.316.236.0

.0-20.2

-46.320.251.032.6

-18.859.316.813.817.117.343.242.323.335.1

-3.325.614.1

-36.5-39.2-37.1-3.6-1.1

Goods l

Total

Total

249.3

257.3260.9281.5293.0313.1

342.7379.7395.4428.7456.5

467.0493.3537.4616.6662.8

715.1798.8880.4989.1

1,100.2

1,176.21,324.61,315.01,407.31,591.9

1,652.61,705.31,794.51,942.02,098.1

2,167.62,192.8

1,302.21,483.01,617.51,673.71,714.51,865.41,875.71,924.51,960.72,007.02,058.92,102.92,114.12,116.42,140.22,176.52,195.62,158.02,169.42,186.12,210.52,205.0

Finalsales

245.1

254.0258.0275.4287.4308.1

333.0365.9384.9419.5446.8

464.7485.2527.5598.9648.5

720.8782.0855.7961.2

1,087.5

1,185.71,299.21,330.91,412.81,520.8

1,628.01,696.71,768.21,925.72,062.1

2,167.62,213.0

1,348.51,462.81,566.51,641.11,733.31,806.11,859.01,910.81,943.61,989.72,015.72,060.62,090.82,081.42,143.52,150.92,181.62,194.52,208.62,223.22,214.12,206.1

Inven-tory

change

4.2

3.22.96.15.75.0

9.713.810.59.19.7

2.38.09.9

17.714.3

-5.716.724.727.912.8

-9.525.4159

-5.571.1

24.68.6

26.316.236.0

.0-20.2

-46.320.251.032.6

-18.859.316.813.817.117.343.242.323.335.1

-3.325.614.1

-36.5-39.2-37.1-3.6-1.1

Durable goods

Finalsales

91.1

93.893.1

103.4110.0119.6

132.4147.9154.5169.1180.1

182.1189.4209.7242.0257.1

288.8323.6368.3416.9474.5

502.1544.2541.6579.4647.0

704.8730.2753.5835.6892.9

934.6929.0

550.6620.5676.3705.7751.5769.3809.0833.7838.8861.0866.9894.0916.5894.2941.0931.1939.3927.2916.4939.5929.4930.8

Inven-tory

change

3.1

1.6-.13.42.74.0

6.710.25.54.76.4

~2.B7.2

15.011.2

7010.39.7

20.39.6

-2.66.2

-16.05.5

44.9

8.61.6

21.624.326.9

-7.0-24.5

-41.125.538.510.9

-11.937.111.014.336.635.339.217.712.637.9

-14.41.4

14.5-29.4-43.5-33.5-9.2

-12.0

Nondurable goods

Finalsales

153.9

160.2164.8172.0177.4188.5

200.6218.1230.4250.4266.7

282.6295.8317.8356.9391.4

432.0458.4487.4544.3613.0

683.6755.0789.3833.4873.8

923.2966.5

1,014.71,090.11,169.2

1,233.01,284.0

798.0842.3890.2935.4981.8

1,036.91,049.91,077.01,104.81,128.71,148.91,166.61,174.31,187.11,202.51,219.81,242.31,267.31,292.11,283.71,284.71,275.3

Inven-tory

change

1.1

1.63.02.73.01.0

3.03.65.04.43.3

2.35.22.72.83.1

1.36.4

15.07.63.1

-6.819.2

.1-11.0

26.2

16.07.14.7

-8.19.1

6.94.3

-5.2-5.312.521.7

-7.022.25.7-.5

-19.5-18.0

4.024.610.7

-2.911.024.3-.4

-7.14.3

-3.65.6

10.9

Serv-ices1

180.7

194.2207.7222.3237.5256.2

275.4302.3330.4362.8395.4

433.8476.6523.6571.0631.3

706.9782.2870.4975.5

1,079.6

1,215.41,357.41,494.21,636.31,770.7

1,939.02,097.32,267.22,460.92,634.7

2,834.03,012.7

1,553.31,686.11,824.72,008.92,154.12,327.62,391.02,436.72,487.52,528.52,568.82,608.12,651.82,709.92,753.02,812.62,864.82,905.52,951.72,999.03,035.13,065.0

Struc-tures

61.7

61.162.867.071.977.6

83.886.988.598.9

107.1

108.6127.2145.9161.9164.5

163.8187.5223.3268.1308.8

316.4348.6340.4361.5414.7

447.1466.0478.2497.5511.3

512.2466.4

339.5378.2426.9457.9468.1490.1485.7495.9499.2509.1512.1507.5511.5514.0529.2515.6510.1494.0467.9467.4463.5466.6

Autooutput

19.4

21.317.822.425.125.9

31.130.227.835.034.7

28.538.941.445.938.8

40.355.164.267.966.2

59.268.365.388.3

104.2

115.8120.4118.9129.1133.9

130.3117.9

63.2101.9110.4115.1122.5120.9116.4133.4130.6136.1135.3133.9136.2130.1121.8133.2147.6118.5109.8115.5125.2121.0

1 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included inservices.

Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-7.—Gross domestic product by major type of product in 1987 dollars, 1959-91

[Billions of 1987 dollars; quarterly data at seasonally adjusted annual rates]

Year orquarter

1959

19601961196219631964

19651966196719681969 ....

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991"

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988:1IIIllIV

1989:1IIIllIV

1990:1II... .IllIV

1991:1IIIllIV *


1,931.3

1,973.22,025.62,129.82,218.02,343.3

2,473.52,622.32,690.32,801.02,877.1

2,875.82,965.13,107.13,268.63,248.1

3,221.73,380.83,533.23,703.53,796.8

3,776.33,843.13,760.33,906.64,148.5

4,279.84,404.54,540.04,718.64,836.9

4,884.94,848.4

3,759.64,012.14,194.24,333.54,427.14,625.5

4,655.34,704.84,734.54,779.7

4,809.84,832.44,845.64,859.7

4,880.84,900.34,903.34,855.1

4,824.04,840.74,862.74,866.3

Finalsales ofdomes-

ticproduct

1,917.8

1,965.02,018.42,114.22,202.02,327.6

2,448.32,585.62,662.72,777.42,852.3

2,869.92,944.33,084.53,230.93,217.2

3,235.63,355.33,499.03,666.33,783.2

3,784.63,818.63,777.83,902.24,080.6

4,257.64,395.94,513.74,698.64,804.3

4,884.74,863.6

3,804.53,982.84,146.24,303.34,447.24,565.6

4,636.24,688.74,710.94,758.7

4,768.54,793.54,825.44,829.7

4,884.84,878.14,889.44,886.3

4,856.84,871.24,862.64,863.7

Inven-tory

change

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13.925.534.337.213.6

-8.324.6

-17.54.4

67.9

22.18.5

26.319.932.6

-is!i-44.9

29.347.930.2

-20.159.9

19.216.123.520.9

41.238.920.230.0

-4.022.113.9

-31.2

-32.8-30.4

2J

Goods *

Total

Total

825.2

835.3840.9889.6914.9967.6

1,033.01,113.31,129.41,168.91,193.9

1,173.01,187.81,251.01,349.81,328.2

1,291.81,372.71,436.91,507.31,537.1

1,509.51,547.41,468.71,531.71,667.7

1,695.01,740.11,794.51,892.51,962.0

1,958.01,929.2

1,447.71,597.81,680.91,708.11,741.81,850.8

1,858.21,887.41,898.61,926.0

1,953.81,971.61,966.61,956.1

1,961.11,973.81,968.51,928.6

1,917.01,922.01,940.51,937.2

Finalsales

811.6

827.1833.7874.0898.9952.0

1,007.91,076.61,101.71,145.31,169.1

1,167.11,167.01,228.41,312.11,297.3

1,305.71,347.21,402.61,470.11,523.5

1,517.71,522.91,486.21,527.31,599.8

1,672.91,731.61,768.21,872.61,929.4

1,957.81,944.3

1,492.61,568.51,633.01,677.91,761.81,790.9

1,839.01,871.31,875.01,905.0

1,912.51,932.81,946.41,926.1

1,965.11,951.61,954.61,959.8

1,949.81,952.41,940.41,934.5

Inven-tory

change

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13.925.534.337.213.6

-8.324.6

-17.54.4

67.9

22.18.5

26.319.932.6

.2-15.1

-44.929.347.930.2

-20.159.9

19.216.123.520.9

41.238.920.230.0

-4.022.113.9

-31.2

-32.8-30.4

.12.7

Durable goods

Finalsales

273.8

277.8273.5296.5310.4334.3

364.1399.4413.7430.4438.4

428.0424.9458.4528.0524.6

521.6540.6583.6623.7654.1

626.4619.4578.9601.5655.1

703.4731.5753.5833.1868.2

892.9875.9

580.9639.4677.6703.1750.4769.4

811.3835.3832.7852.9

851.6873.4886.8860.9

902.3891.8892.3884.8

866.4883.3873.9879.9

Inven-tory

change

8.6

4.6-.38.67.5

11.3

18.327.114.512.815.7_ g8i9

16.231.219.6

-11.517.015.628.711.7

-4.36.3

-16.06.3

45.7

9.31.9

21.623.325.2

-6.7-22.2

-41.926.739.711.9

-11.936.9

10.614.135.033.5

37.516.511.235.6

-13.61.2

13.1-27.3

-39.4-30.5-8.4

-10.4

Nondurable goods

Finalsales

537.8

549.3560.2577.5588.5617.6

643.8677.2688.0714.9730.7

739.1742.1770.0784.1772.7

784.1806.6819.0846.4869.3

891.4903.4907.3925.8944.7

969.51,000.11,014.71,039.51,061.3

1,065.01,068.4

911.6929.1955.3974.9

1,011.41,021.5

1,027.71,036.01,042.41,052.2

1,060.91,059.41,059.61,065.2

1,062.81,059.81,062.31,075.0

1,083.41,069.11,066.51,054.6

Inven-tory

change

5.0

3.57.57.08.64.4

6.99.6

13.110.99.1

6.911.96.46.5

11.3

-2.58.5

18.78.51.9

-4.018.3

-1.5-1.822.3

12.96.74.7

-3.47.4

6.97.0

-3.02.68.3

18.3-8.223.0

8.62.0

-11.5-12.5

3.722.49.1

-5.6

9.720.9

.8-3.9

6.6

SA13.0

Serv-ices'

846.2

879.7918.6958.5

1,002.31,055.3

1,105.01,174.51,231.71,282.01,328.7

1,364.01,405.21,454.11,508.31,553.9

1,602.21,649.11,701.21,770.61,821.7

1,864.31,895.71,922.81,976.82,033.1

2,115.32,185.02,267.32,349.72,402.7

2,464.82,504.5

1,942.11,998.32,058.12,148.82,208.22,290.9

2,326.22,340.22,359.92,372.4

2,377.92,391.52,408.42,433.2

2,440.12,461.22,476.32,481.8

2,487.62,502.72,511.82,516.0

Struc-tures

259.9

258.2266.1281.7300.8320.4

335.4334.5329.3350.1354.5

338.9372.1401.9410.4366.1

327.7359.0395.2425.6438.0

402.5400.0368.8398.1447.7

469.4479.3478.2476.4472.1

462.0414.8

369.8416.0455.1476.5477.2483.8

470.9477.2476.0481.3

478.1469.3470.6470.5

479.6465.3458.5444.6

419.4416.1410.4413.2

Autooutput

62.6

66.956.366.572.172.8

86.683.772.586.482.9

65.485.389.998.779.0

74.896.8

106.0104.294.8

79.186.879.2

101.7115.8

125.0124.4118.9127.3127.1

121.1105.9

75.3113.7122.4122.4124.1120.3

116.9132.1125.6134.6

131.5126.2128.1122.4

114.3123.7135.9110.7

99.3104.5112.3107.6




TABLE B-8.—Gross domestic product by sector, 1959-91


Year or quarter

1959

196019611962....19631964

19651966196719681969

1970.197119721973....1974

19751976197719781979

19801981198219831984

19851986198719881989

19901991 "

1982: IV1983: IV.1984: IV1985: IV1986: IV1987: IV

1988: I||I I IIV

1989:1||II IIV

1990:1I I . .I l lIV

1991:1..III l lIV P


494.2

513.4531.8571.6603.1648.0

702.7769.8814.3889.3959.5

1,010.71,097.21,207.01,349.61,458.6

1,585.91,768.41,974.12,232.72,488.6

2,708.03,030.63,149.63,405.03,777.2

4,038.74,268.64,539.94,900.45,244.0

5,513.85,671.8

3,195.13,547.33,869.14,140.54,336.64,683.0

4,752.44,857.24,947.35,044.6

5,139.95,218.55,277.35,340.4

5,422.45,504.75,570.55,557.5

5,589.05,652.65,709.25,736.6

Business '

Total l

436.9

451.4465.7500.5527.1565.8

614.1670.1703.5765.4822.5

858.7931.2

1,025.31,151.51,242.7

1,346.11,507.41,691.11,921.12,147.9

2,328.92,611.72,692.12,914.83,251.1

3,473.53,665.73,890.84,201.04,490.7

4,699.44,802.9

2,724.03,046.63,330.33.561.23,718.34,016.6

4,070.64,164.04,242.24.327.3

4,404.64,471.74,518.34,568.0

4,630.64,696.24,748.74,722.3

4,734.74,786.84,835.04,855.0

Nonf arm l

419.8

434.7447.9481.4508.7547.2

592.9644.4680.5742.8799.9

832.5900.0991.7

1,102.21,193.9

1,291.41,450.61,633.01,858.72,069.7

2,259.22,530.92,634.42,855.53,191.6

3,420.33,601.53,849.54,161.84,411.3

4,605.64,702.7

2,674.12,986.93,283.23,501.53,656.03,970.9

4,034.04,124.94,196.44.291.9

4,348.24,393.54.436.24,467.6

4,538.34,608.94,634.84,640.4

4,640.14,687.24,730.14,753.5

Farm

18.9

19.820.120.220.419.3

21.922.922.222.725.2

26.228.132.649.847.4

48.846.447.254.764.5

56.169.965.149.268.5

67.162.966.067.682.1

85.780.5

60.045.867.565.764.370.6

70.967.271.660.8

82.583.579.682.6

87.889.685.779.8

76.683.182.979.5

Statis-tical

discrep-ancy

18

-3.12 2

-1.0-2.0

7

72.8

.8-.1

-2.6

.03.11.1

-.51.4

6.010.410.97.6

13.8

13.610.974

10.290

1391.2

-24.8-28.4

2 7

8.119.6

10.113.8

-20.55.9

-2.0-24.9

-34.4-28.1-25.8-25.4

-26.0522.5

17.9

4.4-2.428.22.1

18.016.522.022.0

House-holdsand

institu-tions

12.4

13.914.515.616.717.9

19.321.323.426.129.5

32.435.639.043.047.2

52.057.162.471.078.9

89.3100.5111.6121.3132.0

141.7153.3170.5187.6205.0

225.1246.4

115.5125.1135.6145.6157.8177.6

180.8185.3190.1194.3

198.6202.8207.1211.7

216.1222.2228.9233.3

237.5243.7249.9254.4

General government2

Total

44.9

48.151.655.559.364.4

69.378.487.497.8

107.5

119.5130.4142.6155.1168.8

187.7203.9220.6240.7261.9

289.8318.4345.8368.9394.1

423.6449.6478.7511.7548.3

589.2622.6

355.6375.6403.2433.6460.5488.8

501.1507.8515.0523.0

536.7544.0551.9560.6

575.7586.4592.9601.9

616.8622.0624.3627.2

Federal

21.7

22.623.725.226.528.5

30.034.337.941.944.9

48.551.154.957.261.1

66.671.075.681.887.1

96.3107.7117.3125.0132.2

140.3143.7151.4159.8169.2

179.4188.8

121.1126.2134.1142.4144.9153.2

158.5159.4160.2161.3

168.1168.7169.4170.4

177.5180.1179.1181.0

189.4188.7188.4188.8

Stateandlocal

23.1

25.527.930.232.935.9

39.344.149.555.962.6

71.179.387.797.9

107.6

121.1132.9145.0158.9174.8

193.5210.7228.5243.9261.9

283.2305.9327.3351.9379.1

409.8433.7

234.5249.4269.2291.2315.6335.6

342.6348.5354.9361.7

368.6375.3382.5390.2

398.2406.2413.8420.9

427.4433.2435.9438.3

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-9.—Gross domestic product by sector in 1987 dollars, 1959-91


Year or quarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

197519761977 !!19781979

19801981198219831984

19851986198719881989

19901991 p.. .

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988- 1IIIllIV

1989:1||IIIIV

1990-1IIIllIV

1991:1II...IllIV


1,931.3

1,973.22,025.62,129.82,218.02,343.3

2,473.52,622.32,690.32,801.02,877.1

2,875.82,965.13,107.13,268.63,248.1

3,221.73,380.83,533.23,703.53,796.8

3,776.33,843.13,760.33,906.64,148.5

4,279.84,404.54,540.04,718.64,836.9

4,884.94,848.4

3,759.64,012.14,194.24,333.54,427.14,625.5

4,655.34,704.84,734.54,779.7

4,809.84,832.44,845.64,859.7

4,880.84,900.34,903.34,855.1

4,824.04,840.74,862.74,866.3

Business 1

Total »

1,584.7

1,611.91,652.61,742.51,821.21,933.1

2,048.22,168.72,213.22,307.12,370.3

2,370.32,456.62,594.82,749.72,719.6

2,684.62,840.12,987.93,144.23,226.0

3,193.43,253.63,167.33,308.23,541.7

3,658.13,768.33,890.84,050.64,150.4

4,180.44,134.1

3,166.33,411.53,583.03,706.13,786.73,969.9

3,994.74,039.74,063.64,104.2

4,129.94,148.04,157.04,166.6

4,183.34,196.74,196.44,145.1

4,111.44,126.44,148.64,150.1

Nonf arm 1

1,546.0

1,576.71,613.51,699.81,781.01,889.4

2,004.62,115.22,164.02,262.12,330.8

2,320.82,397.72,541.32,702.02,666.0

2,619.62,768.12,914.63,083.83,155.0

3,123.43,179.23,115.83,243.13,496.4

3,608.63,702.83,849.64,014.84,085.9

4,101.94,044.0

3,116.93,349.03,548.93,646.83,724.43,925.5

3,956.84,001.24,026.84,074.5

4,088.44,084.04,087.94,083.2

4,109.44,126.94,099.94,071.2

4,024.64,040.14,055.64,055.9

Farm

45.2

46.446.946.347.146.0

46.144.546.545.146.8

49.550.550.748.650.7

53.152.553.848.250.4

51.060.860.253.755.1

64.264.366.063.267.2

71.473.2

61.147.056.165.564.469.0

71.765.861.653.8

65.968.966.767.1

69.972.071.772.0

71.172.174.175.5

Statis-tical

discrep-ancy

65

112-7.8

36-6.9

24

-2.59.12.6

1-7.3

.08.32.8

-1.03.0

11.919.519.412.220.6

19.013.6

-8.711.5

-9.8

-14.71.3

-24.8-27.4-2.7

7.216.9

-11.715.5

-22.0-6.2-2.1

-24.6

338-27.2-24.7

24 1

-24.44 82.3

16.3

4.0-2.124.9

1.9

15.714.318.918.8

House-holdsand

institu-tions

80.1

86.587.591.193.696.5

100.4104.7108.3111.8115.5

114.1116.7120.0123.2124.3

128.0128.6129.8135.1138.3

142.6145.6148.9151.0154.9

159.9166.3170.5180.6189.7

195.7202.2

149.6151.7156.8162.3166.9173.2

176.2179.0182.4184.7

187.2189.3190.6191.8

192.8194.8197.2197.9

198.8201.1203.1205.7

General government 2

Total

266.5

274.8285.6296.2303.2313.7

324.8348.9368.9382.1391.3

391.4391.8392.2395.7404.1

409.1412.0415.6424.2432.5

440.3443.9444.2447.4451.9

461.8469.9478.7487.4496.8

508.8512.1

443.8448.9454.4465.1473.5482.3

484.4486.1488.4490.7

492.7495.1498.1501.3

504.7508.7509.6512.1

513.9513.2511.0510.5

Federal

130.5

132.1135.3141.6140.9141.7

142.3155.4168.1170.7171.2

161.6152.4143.7138.0137.9

137.1137.0137.0138.4137.5

139.2140.9142.4144.8146.4

148.6149.0151.4153.5154.1

155.7155.2

143.2145.2147.1148.7149.8152.8

153.3153.2153.6154.0

153.8153.8154.2154.5

155.0156.4155.3156.2

157.0155.5154.4153.8

Stateandlocal

136.0

142.7150.3154.7162.3172.0

182.5193.5200.8211.4220.1

229.8239.5248.6257.7266.2

272.0275.0278.6285.8295.0

301.1303.0301.8302.6305.4

313.2320.8327.3333.9342.7

353.1356.9

300.6303.7307.3316.5323.7329.5

331.2332.8334.8336.7

338.9341.2343.8346.7

349.7352.3354.4356.0

356.9357.7356.6356.6

1 Includes compensation of employees in government enterprises.2 Compensation of government employees.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-10.—Gross domestic product of nonfinancial corporate business, 1959-91


Year orquarter

1959

19601961196219631964

19651966196719681969.. ..

19701971197219731974

19751976197719781979

1980....1981198219831984

19851986198719881989

19901991 "

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988: 1IIIllIV

1989: 1IIIllIV

1990: 1IIIllIV

1991: 1IIIllIV P

Grossdomes-

ticproduct

ofnon-

financialcorpo-ratebusi-ness

267.5

278.1285.5311.7331.7358.1

393.5431.0453.5500.5543.2

561.3606.2673.2754.5814.8

881.1994.4

1,124.31,279.21,423.6

1,546.81,749.11,803.51,937.12,167.3

2,295.52,391.32,544.62,762.12,910.8

3,008.93,052.3

1,807.12,038.12,230.02,341.32,428.42,625.9

2,685.32,740.92,782.22,840.1

2,870.32,901.12,928.72,943.3

2,974.73,025.63,021.23,014.2

3,011.83,043.93,070.1

Con-sump-tionof

fixedcap-ital

24.2

25.226.026.928.129.5

31.534.337.541.445.3

49.754.661.066.277.5

93.31038116.2132.3153.0

174.8207.0229.4242.1248.1

258.0271.4281.4297.5316.2

327.3343.3

238.8261.5258.9263.4275.8286.1

291.3295.4298.7304.5

308.6311.7320.1324.4

322.5324.9328.9333.1

339.6342.5343.83471

Net domestic product

Total

243.2

252.8259.6284.8303.7328.6

362.0396.7415.9459.1497.9

511.6551.6612.3688.3737.2

787.8890.6

1,008.11,146.91,270.6

1,372.11,542.11,574.11,695.01,919.1

2,037.52,119.92,263.22,464.62,594.7

2,681.62,709.0

1,568.31,776.61,971.12,077.92,152.72,339.8

2,393.92,445.52,483.52,535.6

2,561.72,589.52,608.62,618.8

2,652.22,700.72,692.42,681.1

2,672.22,701.42,726.3

Indi-rectbusi-ness

taxes l

26.0

28.329.532.034,036.6

39.240.443.249.854.7

58.864.469.176.381.5

87.294.9

103.9113.6121.9

137.8165.8166.9182.6202.5

216.4230.0237.1254.3268.8

285.5307.7

169.9190.4208.7220.3232.7242.2

247.8251.8256.7260.9

262.6267.3272.4272.8

279.8281.1288.0293.2

301.3303.0312.23144

Domestic income

Total

217.2

224.6230.1252.8269.7292.0

322.8356.2372.8409.3443.3

452.8487.3543.2612.0655.7

700.6795.7904.2

1,033.31,148.7

1,234.31,376.31,407.21,512.31,716.6

1,821.01,889.92,026.12,210.32,325.9

2,396.12,401.3

1,398.41,586.21,762.51,857.61,920.02,097.6

2,146.12,193.72,226.82,274.7

2,299.12,322.22,336.22,346.1

2,372.42,419.72,404.32,387.9

2,370.92,398.52,414.1

Com-pensa-tion ofemploy-

ees

171.5

181.2185.3200.1211.1226.7

246.5274.0292.3323.2358.8

378.7402.0447.1505.9556.8

580.3656.7741.6850.9965.5

1,055.41,167.41,213.21,275.71,414.4

1,509.01,587.81,676.11,814.41,922.9

2,023.32,052.6

1,217.41,332.21,455.21,546.11,618.01,731.6

1,758.11,798.71,832.91,867.8

1,896.71,910.21,928.91,955.7

1,982.02,021.42,046.02,043.8

2,028.02,046.12,063.520728

Corporate profits with inventory valuation and capitalconsumption adjustments

Total

42.6

40.040.848.253.860.0

70.374.971.876.071.3

57.167.277.083.670.6

91.5111.5132.0146.1138.1

120.7136.9111.5159.9214.3

221.4203.8244.2274.4261.0

224.3203.3

101.5175.2211.4221.4198.6256.8

273.3275.7270.0278.5

267.6269.9261.9244.5

244.7249.7209.4193.3

194.4206.4205.5

Profits

Profitsbefore

tax

43.6

40.340.145.049.856.0

66.271.467.574.070.8

58.167.178.698.6

109.2

109.9137.3158.6183.5195.5

181.6181.0132.9155.9189.0

165.5149.1212.0256.6251.5

232.5202.4

116.5168.1169.0168.4168.5224.8

243.3254.3257.5271.4

270.5254.8241.2239.5

237.1236.9239.1216.9

194.4202.4211.7

Profitstax

liability

20.7

19.219.520.622.824.0

27.229.527.833.633.3

27.229.933.840.242.2

41.553.059.967.169.6

67.063.946.359.473.7

69.975.693.5

101.799.2

96.183.0

40.664.462.671.186.599.6

95.9101.1102.0107.9

108.0100.794.893.4

98.298.199.189.0

79.983.687.2

Profits after tax

Total

22.9

21.120.724.327.032.1

39.041.939.740.437.5

31.037.144.858.467.0

68.484.498.7

116.4125.9

114.6117.186.796.4

115.4

95.673.5

118.5154.9152.3

136.4119.4

75.9103.7106.497.282.0

125.1

147.4153.2155.5163.5

162.5154.1146.5146.0

138.9138.8140.0127.9

114.5118.9124.5

Divi-dends

10.0

10.610.611.412.613.7

15.616.817.519.119.1

18.518.520.121.121.7

24.827.832.037.239.3

45.553.456.466.569.5

74.576.377.982.0

104.4

112.2116.5

59.067.468.774.775.284.0

70.979.992.884.3

108.4103.0104.7101.4

111.6107.7109.5119.9

114.1115.3117.3119.3

Undis-tributedprofits

12.9

10.610.113.014.418.4

23.425.122.221.318.4

12.518.724.737.345.2

43.656.666.879.186.7

69.163.730.229.945.9

21.1-2.840.672.947.9

24.22.9

16.936.337.722.56.8

41.2

76.573.362.779.2

54.151.141.844.6

27.231.130.58.0

.43.67.2

Inven-toryvalu-ation

adjust-ment

-0.3

—.2

!o.1

-.5

-1.2-2.1-1.6-3.7-5.9

-6.6-4.6-6.6200

-39.5

-11.0-14.9-16.6-25.0

41.6

43.0-25.7-9.9-8.5-4.1

.29.7

14.5-27.3-17.5

-14.23.8

-8.6-7.6

3.5-3.8

-10.7-17.8

-18.8-26.1-32.6-31.7

-37.6-15.7-3.3

-13.5

-6.63.8

-32.6-21.2

6.79.9

-4.83.3

Capitalcon-

sump-tion

adjust-ment

-0.7

-.2

3.23.94.5

5.35.65.85.66.3

5.54.75.05.0

.9

-7.4-10.9-10.0-12.3-15.9

-17.8-18.4-11.5

12.529.4

55.644.946.745.027.0

5.9-2.9

-6.414.738.956.940.849.8

48.847.545.138.8

34.730.824.018.6

14.29.02.9

-2.4

-6.6-5.9-1.4

2.3

Netinter-est

3.1

3.54.04.54.85.3

6.17.48.8

10.113.2

17.118.119.222.528.3

28.727.530.636.345.1

58.271.982.576.787.9

90.798.3

105.8121.6142.0

148.5145.4

79.678.995.890.0

103.5109.2

114.7119.3123.9128.4

134.8142.1145.4145.9

145.7148.5149.0150.9

148.4145.9145.1142.3

1 Indirect business tax and nontax liability plus business transfer payments less subsidies.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-ll.—Output, costs, and profits of nonfinancial corporate business, 1959-91

[Quarterly data at seasonally adjusted annual rates]

Year or quarter

1959I96019611962196319641965196619671968196919701971.197219731974197519761977197819791980198119821983 .. .19841985198619871988198919901991 *1982: IV1983: IV1984- IV1985: IV1986: IV1987: IV

1988:1....IIIIIIV

1989- 1IIIllIV

1990:1||IIIIV

1991:1II .HI ;..;

Gross domesticproduct of

nonfinancialcorporatebusiness

(billions ofdollars)

Currentdollars

267.5278.1285.5311.7331.7358.1393.5431.0453.5500.5543.2561.3606.2673.2754.5814.8881.1994.4

1,124.31,279.21,423.61,546.81,749.11,803.51,937.12,167.32,295.52,391.32,544.62,762.12,910.83,008.93,052.31,807.12,038.12,230.02,341.32,428.42,625.9

2,685.32,740.92,782.22,840.1

2,870.32,901.12,928.72,943.3

2,974.73,025.63,021.23,014.2

3,011.83,043.93.070.1

1987dollars

928.7955.5978.2

1,047.51,104.61,179.11,262.11,335.91,367.61,444.51,492.41,473.21,525.51,629.31,706.91,669.91,625.31,748.21,866.11,966.81,995.51,981.42,035.82,002.12,113.32,285.02,366.32,444.32,544.62,682.22,715.32,717.42,690.52,000.52,205.22,330.32,399.52,469.02,602.4

2,648.62,677.52,685.62,717.1

2,714.92,712.72,718.52,715.3

2,720.02,741.62,710.42,697.6

2,668.12,682.12,699.0

Current-dollar cost and profit per unit of output (dollars) 1

Totalcostand

profit2

0.288.291.292.298.300.304.312.323.332.347.364.381.397.413.442.488.542.569.603.650.713.781.859.901.917.949.970.978

1.0001.0301.0721.1071.134.903.924.957976

.9841.009

1.0141.0241.0361.045

1.0571.0691.0771.084

1.0941.1041.1151.117

1.1291.1351.138

Con-sump-tionof

fixedcap-ital

0.026.026.027.026.025.025.025.026.027.029.030.034.036.037.039.046.057.059.062.067.077.088.102.115.115.109.109.111.111.111.116.120.128.119.119.111.110.112.110

.110

.110

.111

.112

.114

.115

.118

.119

.119

.119

.121

.123

.127

.128

.127

Indi-rectbusi-ness

taxes 3

0.028.030.030.031.031.031.031.030.032.034.037.040.042.042.045.049.054.054.056.058.061.070.081.083.086.089.091.094.093.095.099.105.114.085.086.090.092.094.093

.094

.094

.096

.096

.097

.099

.100

.100

.103

.103

.106

.109

.113

.113

.116

Com-pen-

sationof

employ-ees

0.185.190.189.191.191.192.195.205.214.224.240.257.264.274.296.333.357.376.397.433.484.533.573.606.604.619.638.650.659.676.708.745.763.609.604.624.644.655.665

.664

.672

.682

.687

.699

.704

.710

.720

.729

.737

.755

.758

.760

.763

.765

Corporate profits withinventory valuation and

capital consumptionadjustments

Total

0.046.042.042.046.049.051.056.056.052.053.048.039.044.047.049.042.056.064.071.074.069.061.067.056.076.094.094.083.096.102.096.083.076.051.079.091.092.080.099

.103

.103

.101

.102

.099

.099

.096

.090

.090

.091

.077072

.073

.077

.076

Profitstax

liability

0.022.020.020.020.021.020.022.022.020.023.022.018.020.021.024.025.026.0300321034.035.034.031.023.028.032.030.031.037.038.037.035.031.020.029.027.030.035.038

.036

.038

.038

.040

.040

.037

.035

.034

.036

.036

.037033

.030

.031

.032

Profitsaftertax*

0.024.022.022.026.028.031.034.034.032.029.025.020.024.027.025.017.031.033.039.040.034.027.036.033.048.062.064.052.059.064.060.047.045.030.050.064.063.045.060

.067

.065

.063

.063

.059

.062

.061

.056

.054

.055

.041

.039

.043

.046

.044

Netinterest

0.003.004.004.004.004.005.005.006.006.007.009.012.012.012.013.017.018.016.016.018.023.029.035.041.036.038.038.040.042.045.052.055.054.040.036.041.038.042.042

.043

.045

.046

.047

.050

.052

.053

.054

.054

.054

.055

.056

.056

.054

.054

Outputper hour

of allemploy-

ees(1987

dollars)

15.44215.65716.16716.66117.19017.84118.06118.14518.35618.85618.74218.75919.46719.76219.74119.22619.72920.32420.74520.69320.21420.27620.56020.82721.59721.90522.14422.73723.04723.47223.05923.062

21.10321.90522.05022.34022.89123.268

23.51823.51223.41123.423

23.159.23.03923.00722.967

22.97323.18122.95223.110

23.18823.35523.456

Compen-sation

per hourof all

employ-ees

(dollars)

2.8512.9683.0633.1833.2843.4303.5273.7213.9234.2194.5064.8255.1335.4255.8556.4167.0537.6448.2448.9529.780

10.80011.79012.62013.03713.55914.12114.77015.18115.78216.33017.171

12.84213.23313.77014.39515.00115.483

15.51715.70015.88216.005

16.18016.22316.32516.542

16.74017.09217.32517.509

17.62517.81817.933

1 Output is measured by gross domestic product of nonfinancial corporate business in 1987 dollars.2 This is equal to the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted twoplaces to the left.

3 Indirect business tax and nontax liability plus business transfer payments less subsidies.4 With inventory valuation and capital consumption adjustments.Sources: Department of Commerce (Bureau of Economic Analysis) and Department of Labor (Bureau of Labor Statistics).


TABLE B-12.—Personal consumption expenditures, 1959-91


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975.1976197719781979198019811982 .198319841985198619871988198919901991 P1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988- 1

IIIllIV

1989:1IIIIIIV

1990:1IIIllIV

1991:1IIIllIV ".

Personalcon-

sumptionexpendi-tures

318.1332.4343.5364.4384.2412.5444.6481.6509.3559.1603.7646.5700.3767.8848.1927.7

1,024.91,143.11,271.51,421.21,583.71,748.11,926.22,059.22,257.52,460.32,667.42,850.63,052.23,296.13,517.93,742.63,886.82,128.72,346.82,526.42,739.82,923.13,124.63,199.13,260.53,326.63,398.23,436.53,490.63,551.73,592.83,667.33,706.03,785.23,812.03,827.73,868.53,916.43,934.4

Durable goods

Total »

42.843.541.947.051.856.863.568.570.681.086.285.397.2110.7124.1123.0134.3160.0182.6202.3214.2212.5228.5236.5275.0317.9352.9389.6403.7437.1459.8465.9445.2246.9297.7328.2354.4406.8408.8428.8433.1433.5452.9449.4457.2474.5458.0479.9464.6467.1451.9440.7440.0452.9447.2

Motorvehi-clesandparts

18.919.717.821.524.426.029.930.330.036.138.435.544.551.156.149.554.871.383.592.291.584.091.697.7120.6144.6167.4184.9183.5197.8205.6203.7183.8105.1134.8149.3162.9188.2186.3198.2196.4193.3203.4201.4204.3218.1198.7213.9203.6204.7192.5180.7179.3188.4186.6

Furni-tureand

house-holdequip-ment

18.118.018.319.320.723.225.128.230.032.934.735.737.842.447.951.554.560.267.174.082.386.091.392.5104.4115.3123.4135.5144.0156.7168.1173.2171.995.6109.7118.7128.1140.6145.9150.8155.7158.0162.5165.3167.5169.2170.5176.1173.4173.1170.4171.1172.8173.9169.8

Nondurable goods

Total »

148.5153.1157.4163.8169.4179.7191.9208.5216.9235.0252.2270.4283.3305.2339.6380.8416.0451.8490.4541.5613.3682.9744.2772.3817.8873.0919.4952.2

1,011.11,073.81,146.91,217.71,251.0787.3839.8887.8939.5963.7

1,029.41,041.51,062.01,085.81,105.81,120.01,142.51,155.31,169.81,194.91,200.91,228.41,246.41,246.31,252.91,257.41,247.6

Food

80.782.684.887.189.594.6101.0109.0112.3121.6130.5142.1147.5158.5176.1198.1218.5236.0255.9280.6313.0341.8367.3386.0406.2430.2451.1476.8500.7533.6563.3595.8618.7394.9413.9436.8460.7486.7507.4515.8528.0541.1549.5556.6560.3565.3571.0585.2592.3601.1604.8616.3620.5620.4617.7

Cloth-

andshoes

26.427.027.629.029.832.434.137.439.243.246.547.851.756.462.566.070.876.684.194.3101.2107.3117.2120.5130.8142.5152.2163.2174.5186.4200.5208.7210.9122.7136.7145.7156.2165.8177.6180.1183.2188.1194.4195.1199.7202.7204.7208.5208.3211.0206.8208.2212.8214.6207.9

Gaso-lineandoil

11.312.012.012.613.013.614.816.017.118.620.521.923.224.428.136.139.743.046.950.166.286.797.994.193.394.596.979.784.786.995.5106.8102.993.094994.997.673.087.885.286.387.688.589.097.997.197.9100.497.3106.4123.2105.0102.0101.7102.9

Fueloilandcoal

4.03.83.83.84.04.14.44.74.84.74.64.44.65.16.37.88.410.111.111.514.415.415.814.513.814.214.112.012.012.112.012.511.614.014.113.814.311.312.212.312.112.111.711.111.811.713.411.911.713.313.112.211.411.711.1

Services

Total l

126.8135.9

' 144.1153.6163.1175.9189.2204.6221.7243.1265.3290.8319.8351.9384.5423.9474.5531.2598.4677.4756.2852.7953.5

1,050.41,164.71,269.41,395.11,508.81,637.41,785.21.911.22,059.02,190.51,094.61,209.31,310.41,446.01,552.61,686.41,728.81,765.41,807.31,839.51,867.11,891.01,921.91,965.01,992.52,040.42,089.62,113.62,140.72,175.62,206.12,239.6

Hous-ing2

45.048.251.254.758.061.465.469.574.179.786.894.0102.7112.1122.7134.1147.0161.5179.5201.7226.6255.2287.1311.1334.6362.3392.5421.8452.5484.2514.3547.1574.6320.2344.6373.8404.6432.7466.6473.5479.5487.8496.0502.2508.8518.2527.9534.1541.5553.6559.3565.7571.7577.0583.8

Householdoperation

Total *

18.720.321.222.423.625.026.528.230.232.335.137.841.045.349.855.563.772.481.991.2100.0113.0126.0141.4153.6165.5176.2181.1187.8199.5208.4212.7224.8145.8159.3168.8180.7182.5189.7194.9196.8202.4203.8206.0204.8207.2215.5205.2213.4215.8216.5218.6225.4226.5228.8

Elec-tricityandgas

7.68.38.89.49.910.410.911.512.213.014.015.216.618.420.023.528.532.537.642.146.856.363.472.680.784.688.787.188.493.497.697.2102.574.984.885.990.186.888.692.291.794.595.396.494.796.1103.191.798.399.199.699.8103.7102.4104.0

Trans-porta-tion

10.511.211.712.212.713.414.515.917.318.920.923.727.129.831.233.335.741.349.253.659.465.169.471.678.989.199.0105.8116.6128.5138.0147.6155.973.682.992.5101.5109.0121.3122.7127.5130.9132.7135.7136.1138.6141.5144.1146.2148.5151.7152.2153.9157.4160.2

Medi-calcare

16.317.418.620.722.425.727.730.533.739.044.450.156.563.571.280.193.0106.2122.4139.7157.8181.3213.6240.5265.7290.6319.3346.4384.7427.7472.2523.1576.8250.9274.8299.9333.0358.4398.5409.9421.4435.1444.4457.4466.4475.7489.3501.8515.8531.3543.4555.9570.0583.5597.7

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-13.—Personal consumption expenditures in 1987 dollars, 1959-91


Year orquarter

1959

19601961 . .196219631964

196519661967...19681969

19701971197219731974

1975.1976197719781979

198019811982..19831984

19851986198719881989 .

19901991 '.

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988- 1IIIllIV

1989:1IIIllIV

1990:1IIIllIV

1991:1IIIllIV '

Personalcon-

sumptionexpendi-tures

1,178.9

1,210.81,238.41,293.31,341.91,417.2

1,497.01,573.81,622.41,707.51,771.2

1,813.51,873.71,978.42,066.72,053.8

2,097.52,207.32,296.62,391.82,448.4

2,447.12,476.92,503.72,619.42,746.1

2,865.82,969.13,052.23,162.43,223.1

3,262.63,256.7

2,539.32,678.22,784.82,895.33,012.53,074.7

3,128.23,147.83,170.63,202.9

3,200.93,208.63,241.13,241.6

3,258.83,258.63,281.23,251.8

3,241.13,252.43,271.23,262.2

Durable goods

Total1

114.4

115.4109.4120.2130.3140.7

156.2166.0167.2184.5190.8

183.7201.4225.2246.6227.2

226.8256.4280.0292.9289.0

262.7264.6262.5297.7338.5

370.1402.0403.7428.7440.8

438.9412.5

272.3319.1347.7369.6415.7404.7

425.1426.9423.8439.2

433.6439.9454.3435.6

452.7438.7440.3424.0

410.8408.9418.3412.1

Motorvehi-clesandparts

59.7

61.354.962.268.471.2

81.281.880.391.895.1

85.6100.8114.3123.4102.2

102.9124.6137.3141.5130.5

111.4113.5115.6138.1160.3

180.2193.3183.5194.8196.2

191.4167.6

123.7151.6164.3173.9193.6183.6

197.1195.0189.6197.7

193.6195.0208.4187.8

200.7192.0192.9179.8

166.7164.2170.9168.5

Furni-tureand

house-holdequip-ment

38.2

37.738.140.443.148.3

52.157.659.562.964.3

64.466.873.681.581.9

79.184.291.496.6101.3

98.597.794.2104.3115.3

123.8136.3144.0155.4166.1

170.6170.5

96.4109.3118.7128.6141.4145.9

150.5154.3156.3160.3

163.5166.4166.9167.7

173.1170.9170.5168.0

168.9171.1172.5169.3

Nondurable goods

Total *

518.5

526.9537.7553.0563.6588.2

616.7647.6659.0686.0703.2

717.2725.6755.8777.9759.8

767.1801.3819.8844.8862.8

860.5867.9872.2900.3934.6

958.7991.0

1,011.11,035.11,049.3

1,050.81,042.3

880.7915.2942.9968.7

1,000.91,014.6

1,023.51,031.01,039.31,046.8

1,047.11,043.31,051.41,055.3

1,054.41,050.31,053.71,044.7

1,043.91,046.21,046.11,033.0

Food

301.9

305.8312.1316.3319.2331.0

346.5359.1364.5380.7389.7

397.5399.2411.9412.6404.7

413.2431.9441.5442.8448.0

448.8446.6451.4463.4472.3

483.0494.1500.7513.4513.3

515.8516.6

458.3467.1475.1488.2496.9502.4

506.8513.1515.8518.0

517.6512.5511.3511.7

513.9516.3517.1515.9

518.7517.0517.4513.5

Cloth-

andshoes

58.2

58.759.862.463.668.5

71.576.376.980.281.9

81.084.690.496.995.4

98.5103.2108.7119.0124.1

126.0132.8133.7142.4153.1

158.8170.3174.5178.9187.9

187.4182.9

135.7147.7154.7161.7171.9174.5

176.5176.0180.2182.8

183.4186.8191.2190.1

190.1187.2188.2184.1

181.7186.1184.7178.9

Gaso-lineandoil

38.1

39.439.841.542.845.1

47.350.251.855.559.2

62.965.968.672.168.6

70.673.475.777.476.4

72.073.273.975.777.9

79.282.984.786.186.7

85.083.1

73.476.979.079.584.685.4

85.186.185.887.5

86.683.286.690.2

87.284.584.484.0

81.883.083.683.9

Fueloilandcoal

22.6

21.720.620.621.622.5

23.524.224.223.021.8

20.219.521.523.318.4

18.120.319.619.518.1

14.011.810.911.111.2

11.512.112.012.011.5

10.09.6

10.511.411.111.412.411.9

12.111.912.112.0

10.811.511.312.3

9.510.511.08.9

9.39.810.19.2

Services

Total !

546.0

568.5591.3620.0648.0688.3

724.1760.2796.2837.0877.2

912.5946.7997.4

1,042.21,066.8

1,103.61,149.51,196.81,254.11,296.5

1,323.91,344.41,368.91,421.41,473.0

1,537.01,576.11,637.41,698.51,732.9

1,773.01,801.9

1,386.21,443.91,494.21,557.11,595.81,655.5

1,679.61,690.01,707.51,716.9

1,720.31,725.41,735.41,750.7

1,751.81,769.61,787.31,783.1

1,786.31,797.21,806.81,817.1

Hous-ing2

159.8

168.1176.0185.8194.4203.5

214.6224.4234.5246.0259.1

269.3280.9295.9310.8326.9

336.5346.7355.4372.9387.9

399.4407.3409.6415.5426.8

435.9442.1452.5461.8469.0

474.5478.8

411.0419.7431.3438.1444.8457.0

458.4460.3462.8465.6

466.1467.2470.2472.8

472.8473.0475.4476.9

477.3478.3479.4480.4

Householdoperation

Total 1

75.0

78.581.285.288.492.6

96.8101.4106.2110.1115.3

118.9120.8126.8132.0132.5

138.1143.9151.0158.0162.9

167.1165.6166.7169.4173.7

179.1180.8187.8196.9201.5

202.1206.2

166.2173.3174.8182.6182.8189.3

194.8194.7199.5198.6

200.2198.3200.7206.7

195.6202.8206.3203.7

201.7207.1208.0207.9

Elec-tricityandgas

34.5

36.338.340.942.845.1

47.249.752.455.058.0

60.461.864.966.566.9

70.472.976.078.879.3

81.680.381.283.784.3

86.685.688.492.794.2

92.294.2

80.286.884.588.586.888.6

92.491.493.993.0

94.091.492.898.4

87.093.294.993.5

91.795.695.294.4

Trans-porta-tion

45.4

46.747.048.750.553.0

55.458.662.065.468.9

71.073.677.879.679.9

81.484.490.292.996.1

91.388.987.491.6100.0

109.2112.6116.6122.5126.0

129.0128.3

88.294.2103.5111.2113.4117.9

120.3122.1123.5124.2

124.6125.0126.3128.0

128.7128.9129.6128.7

127.0127.9128.9129.4

Medi-calcare

95.0

98.4102.0110.2117.1129.8

135.8142.3148.1159.5171.3

180.7193.7207.0222.4231.1

243.8255.5267.9279.2290.9

302.1318.3323.7332.6341.9

353.0366.2384.7399.4408.5

424.3439.5

327.8334.8344.9359.1372.0390.7

395.3397.7401.7403.0

406.9406.8408.7411.5

417.7422.4427.7429.6

432.9436.9441.7446.5

1 Includes other items not shown separately.2 Includes imputed rental value of owner-occupied housing.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-14.—Gross and net private domestic investment, 1959-91


Year or quarter

1959

19601961.196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981 ..198219831984

19851986198719881989

19901991 p.1982- IV1983: IV1984- IV1985- IV1986: IV1987- IV1988- 1

I II I IIV

1989: II IIII .IV

1990- 1III l lIV

1991- 1II . . .IllIV P

Grossprivate

domesticinvest-ment

78.8

78.777.987.993.4

101.7

118.0130.4128.0139.9155.2

150.3175.5205.6243.1245.8

226.0286.4358.3434.0480.2

467.6558.0503.4546.7718.9

714.5717.6749.3793.6837.6

802.6725.3464.2614.8722.8737.0697.1800.2770.6788.4800.7814.8844.7844.3826.8834.4812.0825.9821.8750.9709.3708.8740.9742.3

Less:Consump-

tion offixed

capital

44.6

46.347.749.351.353.9

57.362.167.473.981.5

88.897.6

109.9120.4140.2

165.2182.8205.2234.8272.4

311.9362.4399.1418.4433.2

454.5478.6502.2534.0574.5

594.8623.5412.5439.7448.0465.6488.2512.1522.4529.9536.5547.2556.0563.6586.7591.7585.3590.1598.3605.4615.4620.0623.7635.1

Equals: Net private domestic investment

Total

34.2

32.430.338.642.047.8

60.768.360.666.073.7

61.578.095.7

122.7105.5

60.9103.6153.1199.3207.8

155.7195.6104.3128.2285.6

260.0239.1247.1259.6263.1

207.9101.851.7

175.1274.8271.4208.9288.1248.2258.4264.2267.6288.7280.7240.1242.8226.8235.8223.5145.593.988.8

117.2107.2

Net fixed investment

Total

30.1

29.227.332.536.442.8

51.054.550.156.964.0

59.269.985.8

105.091.3

66.586.8

128.3171.3195.1

165.2170.2120.3133.8214.6

235.4230.4220.9243.4227.1

207.9122.098.0

154.9223.8238.8227.8228.8231.4244.6247.1250.3245.5238.4216.8207.7230.1210.1209.4182.1133.1125.8120.8108.3

Nonresidential

Total

12.3

13.812.215.316.421.3

30.336.733.235.040.5

38.436.842.559.058.9

41.545.664.994.1

117.3

113.8127.199.169.1

126.6

146.1114.4103.0125.8122.1

120.4

Struc-tures

6.6

7.77.68.38.3

10.3

14.116.015.115.817.9

18.418.418.723.824.5

18.819.923.435.549.9

59.175.572.446.265.1

75.251.846.747.948.5

50.3


5.7

6.14.67.08.1

11.0

16.220.718.119.222.6

20.018.423.835.234.5

22.725.641.558.667.4

54.751.626.722.961.5

70.962.656.377.973.6

70.1

Resi-dential

17.8

15.415.117.220.021.5

20.717.816.921.923.5

20.833.143.246.032.3

25.141.263.477.377.8

51.443.121.264.687.9

89.3116.0117.9117.6105.0

87.5

Change inbusiness

inven-tories

4.2

3.22.96.15.75.0

9.713.810.59.19.7

2.38.09.9

17.714.3

5716.724.727.912.8

-9.525.4

-15.9-5.571.1

24.68.6

26.316.236.0

.0-20.2

46320.251.032.6

-18.859.316.813.817.117.343.242.323.335.1

-3.325.614.1

-36.5-39.2-37.1-3.6-1.1



TABLE B-15.—Gross and net private domestic investment in 1987 dollars, 1959-91


Year or quarter

1959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980198119821983.1984

19851986198719881989

19901991".

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988:1IIIllIV

1989:1IIIllIV

1990:1||IIIIV

1991:1IIIllIV*

Grossprivate

domesticinvest-ment

296.4

290.8289.4321.2343.3371.8

413.0438.0418.6440.1461.3

429.7481.5532.2591.7543.0

437.6520.6600.4664.6669.7

594.4631.1540.5599.5757.5

745.9735.1749.3773.4789.2

744.5672.6

503.5669.5756.4763.1705.9793.8

756.9769.4782.2785.0

803.2797.4776.8779.2

754.9766.0760.3696.6

657.0656.3686.5690.6

Less:Consump-

tion offixed

capital

168.8

173.7178.6183.6189.6196.4

205.0214.9225.2235.3246.7

258.0269.1285.0296.4310.3

322.8334.6348.4364.5384.5

400.7417.8429.5447.4455.5

471.5486.7502.2518.5542.1

550.5568.4

439.2468.5467.4480.1492.5508.1

512.2516.4520.6524.7

528.9532.9552.3554.3

544.4548.3552.4556.7

561.9565.3569.0577.5

Equals: Net private domestic investment

Total

127.5

117.1110.8137.6153.7175.4

208.1223.0193.4204.7214.6

171.7212.3247.2295.3232.6

114.8186.1252.1300.0285,2

193.7213.2111.0152.1302.0

274.4248.4247.1254.9247.1

194.0104.2

64.3201.0289.0283.0213.3285.7

244.7253.1261.6260.3

274.3264.6224.5224.9

210.6217.7207.9139.9

95.191.0

117.5113.1

Net fixed investment

Total

114.0

109.0103.6122.0137.7159.7

182.9186.3165.8181.1189.8

165.8191.6224.6257.6201.7

128.7160.6217.8262.8271.6

201.9188.7128.5147.7234.0

252.3239.9220.9235.0214.5

193.8119.3

109.2171.7241.1252.8233.4225.8

225.5237.0238.1239.3

233.1225.7204.3194.9

214.5195.5193.9171.1

127.9121.4117.5110.4

Nonresidential

Total

39.2

44.139.949.552.869.7

99.9118.1103.9105.1112.2

98.790.898.9

134.6122.3

72.074.599.0

134.4154.1

129.5131.6101.071.6

134.3

154.0118.3103.0122.6117.4

114.5

Struc-tures

25.4

30.530.632.932.139.5

53.058.353.052.256.0

53.549.049.257.953.4

36.736.839.855.270.1

73.382.075.350.369.3

79.454.946.746.745.8

46.0


13.8

13.79.4

16.620.730.2

46.959.850.952.956.2

45.241.749.776.768.9

35.337.759.279.284.0

56.149.625.721.465.0

74.663.356.375.971.7

68.6

Resi-dential

74.8

64.863.772.584.990.0

83.068.261.976.077.6

67.1100.8125.7123.079.4

56.886.1

118.8128.4117.5

72.557.127.576.099.8

98.3121.6117.9112.497.0

79.2

Change inbusiness

inven-tories

13.6

8.17.2

15.616.015.7

25.136.727.623.624.8

5.920.822.537.730.9

-13.925.534.337.213.6

-8.324.6

-17.54.4

67.9

22.18.5

26.319.932.6

.215.1

44929.347.930.2

-20.159.9

19.216.123.520.9

41.238.920.230.0

-4.022.113.9

-31.2

-32.8-30.4

.12.7



TABLE B-16.—Inventories and final sales of domestic business, 1959-91

[Billions of dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter:1959

19601961196219631964

19651966196719681969

19701971197219731974

1975197619771978.1979

19801981.198219831984

19851986198719881989

19901991 ' .

1988: 1IIIllIV

1989: IIIIIIIV

1990: III .I l lIV.

1991: 1III I IIV P

Inventories 1

Total2

141.2

145.2147.0153.4158.7164.2

178.4194.0206.0221.4242.5

249.4267.4296.6365.1435.2

440.1475.3521.6605.3702.6

784.1836.2817.0827.5898.9

904.3887.9950.6

1,025.11,084.6

1,103.41,070.5

963.8986.8

1.006.61,025.11,048.31,061.91,068.71,084.61,084.61,092.91,114.81,103.41,087.81,081.01,079.01,070.5

Farm

31.6

33.033.734.834.933.3

37.436.336.538.741.9

40.145.055.378.074.3

75.572.275.292.197.9

104.9101.4103.6103.2100.9

96.690.590.995.495.6

93.191.9

90.294.295.995.497.498.295.095.695.898.496.893.195.698.096.291.9

Nonfarm

Total2

109.6

112.2113.4118.6123.8130.9

141.0157.8169.5182.6200.6

209.2222.4241.3287.1360.9

364.5403.1446.4513.2604.7

679.3734.7713.5724.4797.9

807.7797.3859.7929.6989.0

1,010.3978.5

873.6892.6910.8929.6950.9963.7973.8989.0988.9994.5

1,018.01,010.3

992.1983.1982.8978.5

Manu-facturing

55.2

56.257.260.362.265.9

70.780.987.594.0

103.4

105.8107.3113.6136.1177.0

177.8194.9210.6238.0280.6

309.8331.9318.5319.2349.0

339.9328.1349.3383.2409.7

416.6396.8

356.4365.2372.7383.2393.1400.6407.4409.7409.9410.6423.1416.6410.3404.8403.7396.8

Whole-sale

trade

21.0

21.321.822.423.925.2

26.930.332.734.637.9

41.745.250.059.475.6

76.286.196.2

111.7141.2

174.2184.8174.7168.9187.2

184.9183.4196.3215.3224.8

234.3231.8

202.8208.6213.2215.3216.9220.7222.1224.8226.6228.5233.7234.3233.3229.1229.1231.8

Retailtrade

26.2

27.527.028.329.631.0

33.736.236.940.744.5

45.852.357.766.474.6

74.782.793.3

107.5118.9

125.0137.0139.5153.7173.5

188.6193.4216.1229.9250.2

248.8244.3

216.3220.4225.4229.9238.5239.3240.1250.2244.5246.9249.8248.8241.5242.1243.9244.3

Other

7.2

7.27.47.58.08.8

9.810.412.413.314.9

16.017.619.925.233.7

35.839.446.355.964.1

70.381.180.782.588.3

94.392.498.0

101.2104.4

110.7105.7

98.298.499.5

101.2102.3103.0104.1104.4107.9108.6111.3110.7106.9107.0106.1105.7

Finalsales ofdomestic

busi-ness3

36.2

37.439.341.544.247.1

52.155.158.764.568.5

72.378.687.596.0

104.0

116.2127.6142.7164.5182.3

201.2217.2228.6249.6271.5

292.7311.1329.2358.4376.9

394.4404.2

336.8345.4351.7358.4363.1369.2374.4376.9385.3389.1394.0394.4395.9401.3402.3404.2

Ratio of inventoriesto final sales of

domestic business

Total

3.90

3.883.743.693.593.49

3.433.523.513.433.54

3.453.403.393.804.18

3.793.723.653.683.85

3.903.853.573.323.31

3.092.852.892.862.88

2.802.65

2.862.862.862.862.892.882.852.882.812.812.832.802.752.692.682.65

Nonfarm

3.03

3.002.882.862.802.78

2.712.862.892.832.93

2.902.832.762.993.47

3.143.163.133.123.32

3.383.383.122.902.94

2.762.562.612.592.62

2.562.42

2.592.582.592.592.622.612.602.622.572.562.582.562.512.452.442.42

1 Inventories at end of quarter. Quarter-to-quarter change calculated from this table is not the current-dollar change in businessinventories (CBI) component of GDP. The former is the difference between two inventory stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition,changes calculated from this table are at quarterly rates, whereas CBI is stated at annual rates.2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product ofhouseholds and institutions and general government and includes a small amount of final sales by farms.

Note.—The industry classification of inventories is on an establishment basis and is based on the 1987 Standard IndustrialClassification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.



TABLE B-17.—Inventories and final sales of domestic business in 1987 dollars, 1959-91

[Billions of 1987 dollars, except as noted; seasonally adjusted]

Quarter

Fourth quarter:1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991 *

1988:1I II l lIV... .

1989:1III l lIV

1990:1.||II IIV...

1991:1||I I IIV "

Inventories *

Total 2

388.6

396.7403.9419.5435.6451.2

476.4513.1540.7564.3589.2

595.1615.8638.4676.1707.0

693.1718.6752.9790.1803.7

795.4820.0802.5806.9874.8

896.9905.5931.8951.7984.3

984.5969.4

936.6940.6946.5951.7

962.0971.7976.8984.3

983.3988.8992.3984.5

976.3968.7968.7969.4

Farm

79.6

80.582.183.985.483.4

84.683.584.586.986.9

86.389.290.692.992.5

92.990.893.693.095.7

92.398.3

101.493.194.8

97.295.188.781.781.0

82.782.8

87.685.684.181.7

83.184.583.081.0

81.483.084.182.7

82.282.383.182.8

Nonfarm

Total2

308.9

316.2321.8335.7350.2367.8

391.7429.6456.3477.5502.3

508.8526.7547.7583.3614.5

600.2627.8659.2697.1708.0

703.1721.7701.0713.8780.0

799.8810.4843.1870.0903.3

901.9886.6

849.0855.0862.4870.0

879.0887.3893.8903.3

901.9905.8908.3901.9

894.1886.4885.7886.6

Manu-facturing

152.4

153.9157.9166.1171.6179.6

190.2212.1227.6237.4246.7

246.1243.9249.6264.9283.7

277.2289.6297.1309.2320.1

319.9324.0311.3311.9339.4

335.7333.6340.2355.3373.8

372.5367.5

343.4346.3349.3355.3

359.5365.9372.3373.8

374.5374.6375.9372.5

372.6369.1368.0367.5

Whole-sale

trade

61.2

62.463.765.969.673.4

77.686.592.094.7

100.3

106.9112.3116.3121.1130.8

127.3135.3144.4155.8157.3

161.9164.8159.9159.3174.7

178.7185.7192.7199.1202.5

205.6204.3

196.9198.2199.7199.1

198.6201.7201.7202.5

203.5204.7205.4205.6

206.1202.6202.3204.3

Retailtrade

67.6

71.470.273.876.980.3

86.892.592.199.3

105.9

105.8117.8125.3134.5133.6

127.6134.8144.5153.7153.5

146.7152.9151.7162.8181.4

194.1196.7213.6219.7231.0

224.2217.7

212.2214.1217.1219.7

225.2224.3223.9231.0

224.3226.0226.4224.2

217.2216.4217.9217.7

Other

27.8

28.530.029.932.034.5

37.238.444.646.149.4

50.052.656.562.766.4

68.068.173.378.377.1

74.680.078.179.884.5

91.394.496.695.996.0

99.597.0

96.596.396.395.9

95.795.595.996.0

99.6100.5100.599.5

98.298.397.497.0

Finalsales ofdomestic

busi-ness3

130.6

133.6138.8144.0152.3159.8

173.5176.3182.8191.3194.5

196.4204.2218.4223.2218.5

226.5235.6246.8261.3265.7

265.4262.7264.9279.0292.7

305.0316.9325.2339.5343.9

346.1345.2

330.3334.8336.3339.5

340.4342.5344.5343.9

348.2347.8348.1346.1

343.7345.8344.9345.2

Ratio of inventoriesto final sales of

domestic business

Total

2.98

2.972.912.912.862.82

2.752.912.962.953.03

3.033.022.923.033.24

3.063.053.053.023.02

3.003.123.032.892.99

2.942.862.872.802.86

2.842.81

2.842.812.812.80

2.832.842.842.86

2.822.842.852.84

2.842.802.812.81

Nonfarm

2.37

2.372.322.332.302.30

2.262.442.502.502.58

2.592.582.512.612.81

2.652.662.672.672.66

2.652.752.652.562.66

2.622.562.592.562.63

2.612.57

2.572.552.562.56

2.582.592.592.63

2.592.602.612.61

2.602.562.572.57

1 Inventories at end of quarter. Quarter-to-quarter changes calculated from this table are at quarterly rates, whereas the constant-dollar change in business inventories component of GDP is stated at annual rates.2 Inventories of construction establishments are included in "other" nonfarm inventories.3 Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less gross product ofhouseholds and institutions and general government and includes a small amount of final sales by farms.

Note.—The industry classification of inventories is on an establishment basis and is based on the 1987 Standard IndustrialClassification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.


317305-592 0-92-


TABLE B-18.—Foreign transactions in the national income and product accounts, 1959-91


Year orquarter

1959I96019611962.19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991p

1982: IV....1983: IV....1984: IV....1985: IV....1986: IV....1987: IV....1988: 1

I IIII.. . .IV....

1989: 1IIIII....IV....

1990: 1IIIII....IV ...

1991: 1II ....Ill ...IV..

Receipts from rest of the world

Total *

25.030.231.433.536.141.043.547.250.255.661.270.874.283.4

115.6152.6164.4181.6196.5233.3299.7360.9398.2379.9372.5410.5399.3415.2469.0572.9650.3698.2

357.5388.3415.2402.9426.7506.8541.8562.1580.7606.9

627.2653.5649.6671.1

679.6688.1694.1730.9

713.8721.4728.9

Exports of goods andservices

Total

20.625.326.027.429.433.635.438.941.445.349.357.059.366.291.8

124.3136.3148.9158.8186.1228.9279.2303.0282.6276.7302.4302.1319.2364.0444.2504.9550.4593.3

265.6286.2308.7304.7333.9392.4418.5438.8452.4467.0

486.1506.2506.2521.3

534.6545.9548.7572.6

565.9589.8597.0620.4

Mer-chan-dise2

16.520.520.921.723.326.727.830.732.235.338.344.545.651.873.9

101.0109.6117.8123.7145.4184.2226.0239.3215.2207.5225.8222.4226.2257.7325.8371.4398.2428.1

198.2218.2231.4222.6235.8283.3304.7321.5331.6345.4

358.6376.5370.3380.4

390.3397.5395.0410.0

412.3426.7427.3445.9

Serv-ices2

4.24.85.15.76.16.97.68.29.2

10.011.012.413.814.417.823.326.731.135.140.744.753.263.767.469.276.679.793.0

106.2118.4133.5152.2165.2

67.467.977.382.198.1

109.2113.8117.3120.7121.6

127.5129.7135.9140.9

144.2148.4153.7162.6

153.5163.1169.7174.5

Receiptsof factorincome3

4.35.05.46.16.67.48.18.38.9

10.311.913.014.116.423.830.328.232.837.747.169.780.694.197.395.8

108.197.396.0

105.1128.7145.4147.7

91.9102.1106.698.192.8

114.4123.3123.3128.3139.9

141.1147.3143.4149.8

145.0142.2145.4158.3

147.9131.6132.0

Payments to rest of the world

Total

25.030.231.433.536.141.043.547.250.255.661.270.874.283.4

115.6152.6164.4181.6196.5233.3299.7360.9398.2379.9372.5410.5399.3415.2469.0572.9650.3698.2

357.5388.3415.2402.9426.7506.8541.8562.1580.7606.9

627.2653.5649.6671.1

679.6688.1694.1730.9

713.8721.4728.9

Imports of goods andservices

Total

22.322.822.725.026.128.131.537.139.946.650.555.862.374.291.2

127.5122.7151.1182.4212.3252.7293.9317.7303.2328.1405.1417.6451.7507.1552.2587.8624.8620.4

295.1358.0415.7440.2467.1535.6540.5544.3550.9573.1

575.0589.2588.3598.8

612.6606.3631.2649.2

602.7607.0634.3637.7

Mer-cnan-dise2

15.315.215.116.917.719.422.226.327.833.936.840.946.656.971.8

104.599.0

124.6152.6177.4212.8248.6267.7250.6272.7336.3343.3370.0414.8452.1484.6507.4499.4

241.6300.0344.1363.0382.4437.6441.6445.7451.1470.1

473.6487.9485.1491.8

500.2492.8511.8525.0

485.4488.3511.1512.7

Serv-ices2

7.07.67.68.18.48.79.3

10.712.212.613.714.915.817.319.322.923.726.529.834.839.945.349.952.655.468.874.381.792.3

100.1103.3117.4121.1

53.458.071.677.284.798.099.098.699.8

103.0

101.5101.3103.2107.0

112.4113.5119.4124.1

117.3118.7123.2125.0

Pay-ments

offactor

in-come*

1.51.81.81.82.12.42.73.13.44.15.86.66.47.7

11.114.614.915.717.225.337.546.560.967.166.583.882.486.9

100.5120.8141.2137.0

64.471.085.582.488.9

106.9111.4117.7124.1130.2

136.7148.2140.9139.2

134.8141.5139.1132.6

125.2123.5121.0

Transfer payments (net)

Total

2.32.42.72.82.82.93.03.13.33.13.13.54.04.24.55.35.25.85.86.07.18.59.5

11.612.515.216.917.916.017.317.319.2

-26.7

13.317.420.018.919.220.716.214.415.323.2

16.314.616.721.7

17.220.819.119.6

-70.6-30.8-5.5

Frompersons(net)

0.4.4.5

'.B.1.7.7.9.9

1.01.21.21.21.31.11.01.0.9.9

1.01.21.31.61.41.92.22.12.42.12.12.12.2

1.51.62.12.02.42.42.31.92.12.2

1.92.22.02.2

2.11.72.52.1

2.32.22.12.1

Fromgovern-

ment(net)

1.81.92.12.12.12.12.12.22.11.91.82.02.42.52.53.23.53.73.43.84.15.05.06.47.39.4

11.412.310.410.410.812.6

-33.8

8.211.013.913.512.814.69.17.89.4

15.1

9.87.8

10.714.8

10.914.512.312.7

-77.8-37.9-12.5-7.1

Frombusiness

0.1.1.1.1.1.2.2.2.2

'.3.4.4.5.7

1.0.7

1.11.41.42.02.43.23.63.83.93.23.53.24.84.44.54.9

3.74.84.03.44.03.84.84.73.85.9

4.64.64.04.6

4.24.64.34.9

4.94.94.94.9

Netforeigninvest-ment

-1.23.24.33.95.07.66.33.93.61.81.85.01.4

-2.88.95.3

21.69.0

-9.0-10.3

2.411.910.1

-1.9-34.6-93.6

-117.6-141.4-154.5-117.5-96.0-82.8

-15.3-58.2

-105.9-138.7-148.6-156.4-126.3-114.4-109.6-119.5

-100.8-98.4-96.3-88.6

-85.0-80.4-95.3-70.4

56.521.7

-20.9

1 Includes capital grants received by the United States (net), not shown separately. See Table B-26 for data.2 Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included inservices.3 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.4 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.



TABLE B-19.—Exports and imports of goods and services and receipts and payments of factor income in1987 dollars, 1959-91


Year or quarter

1959

19601961196219631964...

19651966 .196719681969

19701971197219731974

19751976197719781979

1980 .1981198219831984

19851986198719881989

19901991 >

1982: IV1983: IV1984: IV1985: IV1986: IV1987- IV

1988: 1III l lIV

1989- 1I II l lIV

1990: II II l lI V .

1991:1||II IIV P

Exports of goods and services

Total

73.8

88.489.995.0

101.8115.4

118.1125.7130.0140.2147.8

161.3161.9173.7210.3234.4

232.9243.4246.9270.2293.5

320.5326.1296.7285.9305.7

309.2329.6364.0421.6469.2

505.7539.6

280.4291.5312.8312.0342.9386.1

407.1417.2424.1438.2

451.2469.5470.5485.8

496.2502.1501.6522.5

512.5535.7545.2565.1

Merchandise 1

Total

58.0

71.271.574.880.391.4

92.198.4

100.1108.8114.4

125.2124.1136.5166.9183.4

178.5183.9183.9203.0225.7

248.2244.0217.7208.3221.3

224.8234.3257.7307.4343.8

369.4398.3

202.8215.5229.0226.4243.5278.0

296.0303.6308.1322.0

330.3347.0343.1354.8

364.9368.0365.1379.4

379.9395.8400.3417.3

Dura-ble

goods

31.5

39.239.441.243.650.2

52.256.163.870.075.2

80.479.387.1

108.0123.5

121.3121.8119.5132.1148.1

161.0154.2130.5124.6133.8

139.3144.8163.0202.8230.6

249.3269.9

119.0131.0138.5139.6150.0180.1

192.7201.2202.7214.7

220.8232.8230.9237.7

243.9249.9248.6254.5

251.2271.0272.8284.5

Non-dura-

blegoods

26.5

32.032.133.536.741.2

39.942.336.338.739.2

44.744.949.558.959.9

57.262.164.470.977.6

87.389.787.283.887.5

85.689.694.7

104.6113.2

120.1128.5

83.784.590.586.893.597.8

103.3102.4105.4107.2

109.5114.1112.2117.1

121.0118.1116.5124.9

128.7124.8127.6132.8

Serv-ices1

15.8

17.218.420.321.524.0

25.927.329.931.533.3

36.137.837.243.451.0

54.459.563.067.267.8

72.382.279.077.684.4

84.495.3

106.3114.2125.4

136.2141.3

77.675.983.885.599.4

108.1

111.2113.6116.0116.2

120.9122.5127.4131.0

131.3134.1136.5143.1

132.6139.9144.8147.8

Re-ceipts

offactor

in-come2

17.0

19.120.622.624.426.7

28.328.129.232.335.8

36.838.142.257.667.5

57.463.067.978.7

107.1

113.7120.7117.9111.0119.4

103.499.2

105.0123.8133.7

130.2

109.7116.5116.1102.994.8

112.9

120.8119.3122.6132.3

131.7136.1131.2135.8

130.0125.9127.2137.4

126.8111.8111.4

Imports of goods and services

Total

95.6

96.195.3

105.5107.7112.9

124.5143.7153.7177.7189.2

196.4207.8230.2244.4238.4

209.8249.7274.7300.1304.1

289.9304.1304.1342.1427.7

454.6484.7507.1525.7544.9

557.0557.2

299.4375.1444.2467.4498.9522.1

520.5515.2526.1540.9

532.4541.3550.3555.7

552.2554.5567.4553.7

531.1548.0576.3573.4

Merchandise 1

Total

60.2

59.159.268.070.975.6

86.5100.2105.2128.1137.0

142.1156.1177.5194.7189.3

163.3200.4223.2245.2248.7

235.6246.1243.1276.5346.1

366.5398.0414.8431.3450.4

458.5458.7

236.3306.6357.9380.0409.1427.4

426.5422.8431.3444.8

439.9447.5455.4458.9

455.9457.2467.9453.0

435.9451.2475.7472.0

Dura-ble

goods

26.0

24.723.728.029.632.8

40.550.653.168.774.1

75.484.495.7

100.9101.3

82.1100.9112.9130.0132.1

133.6143.4143.0167.6219.9

237.2254.6264.2274.7287.0

290.0291.9

134.6191.1229.3243.5259.8273.8

271.1269.3274.4284.0

282.4286.0288.8290.8

283.7287.1296.4293.0

278.9283.2304.8300.9

Non-dura -

blegoods

34.2

34.435.540.041.242.8

46.049.652.159.462.8

66.771.781.793.987.9

81.299.5

110.3115.3116.7

102.0102.7100.1108.9126.2

129.3143.4150.6156.7163.4

168.4166.7

101.7115.5128.6136.5149.3153.7

155.4153.4156.9160.8

157.4161.5166.6168.2

172.3170.1171.5160.0

156.9168.0170.9171.1

Serv-ices1

35.4

37.036.137.536.837.3

37.943.548.649.652.3

54.451.752.849.749.2

46.549.351.554.855.3

54.258.061.165.681.6

88.186.792.394.394.5

98.598.5

63.168.686.387.489.894.6

94.092.594.896.1

92.593.894.996.8

96.397.499.5

100.7

95.396.8

100.6101.5

Pay-ments

offactor

in-come3

6.2

7.27.27.38.29.1

9.911.011.813.617.8

19.218.020.527.633.2

31.631.532.243.258.6

66.679.482.178.093.5

88.290.2

100.4116.1129.9

120.4

77.682.093.986.891.2

105.4

109.0113.8118.4123.0

127.6136.9129.0126.1

120.6125.0121.4114.7

107.0104.7102.2


2 Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.

3 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.



TABLE B-20.—Relation of gross domestic product, gross national product, net national product, and

national income, 1959-91


Year or quarter

1959I96019611962196319641965... .19661967..19681969197019711972..1973197419751976197719781979198019811982198319841985198619871988198919901991 '1982- IV1983: IV1984: IV1985: IV1986- IV1987: IV

1988- 1III l lIV

1989: 1||IIIIV

1990- 1II . . .IllIV

1991: 1||II IIV

Grossdomes-

ticprod-uct

49425134531.85716603.164807027769.88143889.39595

1,010 71,097.2120701,349.6145861,585.9176841,974.1223272,488.62,708.0303063,149.6340503,777.2403874,268.64,539.94,900 452440551385,671 8319513,547.33,869.141405433664,683.0

475244,857.24,947.350446

51399521855,277 353404

54224550475,570.55,557 5

5,589.0565265,709.257366

PIUS:Receiptsof factorincome

from restof the

world »

43505.4616.674818.389

10.311913014.116423.830328232837747 1697806941973958

1081973960

105.1128714541477

919102.11066981928

1144

1233123.312831399

1411147314341498

14501422145.41583

147913161320

Less:Paymentsof factorincome to

rest ofthe

world 2

151.81.81.82.124273.1344.158666.477

11.114614915717.225337546.5609671665838824869

100.5120814121370

644710855824889

1069

1114117712411302

1367148214091392

13481415139.11326

125212351210

Equals:Gross

nation-al

prod-uct

4970516.6535.45758607.7653 J)7081774.98198895.59656

101711,104.9121571,362.31474315991178551994622545252082,742 130638317983434438015405364'277-74,5445490825248255245

322263,578 43890241562434054'690'5

476434'862'74951650543

51443521775'279'853509

54327S'505'55,576 855832

56117566065'720'l

Less:Con-

sumptionof fixedcapital

44646.347.749.351.353957362.167.473.981588.897.6

1099120.41402165218282052234827243119362439914184433245454786502.25340574559486235412543974480465648825121

5224529953655472

5560563658675917

5853590 1598.36054

6154620062376351

Equals:Net

nation-al

prod-uct

4525470.2487.75265556.459926507712.87524821.58842928.3

1,007.31 10571,241.913341143391602717894201982248424302270142780830160336833599 13'799-24,042 44374246737492985*060 328101313873442236907385234'l78-5

424194*332 84415145072

45882465414'693-247592

48474491544,978.549778

49963504065096451077

Indirectbusinesstax andnontaxliability

41945548.151754.758862765.470479.0866943

103.61114121.0129314001516165517781887212024932564280130953299345536503853411043924707262329173177335135163723

3768382038833942

3999408141674192

43084323442.34512

4616464547564810

Less:

Businesstransfer

payments

141.41.51.61.820222.3252.831323.4394.5505.265738299

11.213415.416619021024224.025626827731216018.1202222249242

25225.3246272

272269263270

26827727.6285

296307318328

Statis-tical

discrep-ancy

-18-31-2.2-10-2.0

7_ 72.8

8_.l26

o3.111

-.51460

10410976

13813.6109

-7.4102

-9013912

-24.82842781

10113.8

-2055920

-24.9

344-28.1-258

254

2605225

179

4424

28.221

180165220

Plus:Subsidies

lesscurrentsurplus

ofgovern-

mententer-prises

-09-.8

3

13

1.4121.2152.62.4342.6

42.6143.336294.8476.2

1179.5649.7

14.110.96 148

.696

19.29.72.682

22.0

14612.8-.3165

15.465

-3.053

1023.3

-5.210.8

2.719

-7.148

Equals:Nationalincome

41014257440.54745501.553915869643.76799741.07986833.5899.59929

1,119.5119881,285.3143551,609.1182982,038 92,198.2243252,522.5272083,058.3326843,437.93,692.34,002.64244744596

255152,834.33,134.43 341.9348603,828.8

388883,966.34,027.64,127.6

4,202.6423094,244.74,300 5

439554,461.04,475.24,506.8

4,489.8453084,559.8

'Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign affiliates of U.S.corporations.

2 Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S. affiliates of foreigncorporations.



TABLE B-21.—Relation of national income and personal income, 1959-91


Year or quarter

19591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987 .1988198919901991"1982- IV1983: IV1984- IV1985- IV1986- IV1987- IV1988:1

||I I IIV

1989:1III l lIV

1990:1||II IIV

1991- 1III l lIV.

Nationalincome

410.1425.74405474.55015539.158696437679.97410798.683358995992.9

1 11951,198.812853143551609 1182982,038.92 1982243252,522.5272083,058.3326843437936923400264244744596

25515283423 1344334193'4860382883888839663402764 1276

42026423094244743005

43955446104475245068

448984530845598

Corporateprofitswith

inventoryvaluation

andcapital

consump-tion

adjust-ments

52.350.751.659.665172.182988.686.092689.677590.3

103.21164104.51219147117571997202.517771820151.52127264.22808271631983650351 73190

1503229126132849264634333521364236533783

3662361034503347

3402339829982961

302130353061

Le

Netinterest

10.211.213.114.616118.221124328.130433.640045.449.356571.8800851

10071205149.919122334262.427003079326235023604387745264901481325682818321 133193497368637493765391 14081

4299448446244696

4775484549185064

4926481648014708

SS:

Contribu-tions for

socialinsurance

18.821.922.925.428.530.131640.645.550.457.962268.979.097.6

110.51185134.514981718197.821662513269.62902325.035383798400744234734501752732728298333223623388740964313438744564535

466.8471347544802

4930498650585093

5229525752955313

Wageaccruals

lessdisburse-

ments

0.0.0.0.0.0.0o.0.0.0.00.6.0

_ l_ 5

1113

-.201

.04.220o0o1

_ 1o06o020o00

00ooooo2

2— 4o

0

Per-sonalinter-estin-

come

22.725.026.929.332436.140344.949.554660.869275.781.8941

112.41230134615571845223.2274,03361376.83975461.9498 15317548158326690721371943736418748545075532656235648570858816089

63946656679 16919

7030716272917369

7301721871677091

Per-sonaldivi-dend

in-come

12.713.414.015.016118.020220.922.124.525.123523.525.527.729.629234.739444.250.457166.967.177878.8879

10471004108.411981248128.5694806793927

1056100110311064110.51138

117.0119112081222

1237123512481270

128712741287129.4

Plus:

Govern-ment

transferpay-

mentsto

persons

25.727.531532.634536.039143.652.360667.581897.0

108.4124.1147.41857202.82175234.8262.83126355.7396.3426.1437.84681497.15213555.960206617732.84199428.0442347485058528154895532557.95635

585.0594660686218

646.66537664.46822

7125725.77368756.2

Businesstransfer

paymentsto

persons

1.31.31.41.5171.820212.3252.8283.03.43.84.0455.5596.87.988

10.211.812.815.117820.720820.822423.226.312313.216218820920420520720.821.3

22.622.3223224

22.623123.2236

24725.826927.8

Equals:

Personalincome

391.2409.2426.5453.4476.4510.75529601.7646.5709.9773.78310893.5980.5

1,098.71,205.7130731,446.3160131,807.92,033.12,265 42,534.72,690.92,862.53,154.63,379 83,590.43,802 04,075.94,380 24,679.84,833.92,746 82,965.83,242 53456736478391853,967.7403794,102.94,195.2

4,303.84,351.74,390 944744

4,580.6465474,719.347647

476804,821.1485334,893.1



TABLE B-22.—National income by type of income, 1959-91


Year or quarter

1959I96019611962196319641965. .19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991 "1982: IV1983: IV1984- IV1985: IV1986: IV1987- IV1988- 1

III l lIV

1989- 1III l lIV

1990- 1III l lIV

1991: 1III l lIV P

Nationalincome l

410.1425.7440.5474.55C1.5539.1586.9643.7679.9741.0798.6833.5899.5992.9

1,119.51,198.81,285.31,435.51,609.11,829.82,038.92,198.22,432.52,522.52,720.83,058.33,268.43,437.93,692.34,002.64,244.74,459.6

2,551.52,834.33,134.43,341.93,486.03,828.83,888.83,966.34,027.64,127.64,202.64,230.94,244.74,300.54,395.54,461.04,475.24,506.84,489.84,530.84,559.8

Compensationof employees

Total

281.2296.7305.6327.4345.5371.0399.8443.0475.5524.7578.4618.3659.4726.2812.8891.3948.7

1,058.31,177.31,333.01,496.41,644.41,815.51,916.02,029.42,226.92,382.82,523.82,698.72,921.33,101.33,290.33,387.71,940.42,101.22,288.12,442.52,582.52,785.12,834.62,895.42,950.23,004.93,051.83,081.03,114.93,157.43,216.13,279.93,325.33,340.03,342.93,377.43,405.33,425.1

Wagesand

salaries

259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5584.5638.7708.6772.2814.7899.6994.0

1,120.91,255.31,376.61,515.61,593.31,684.21,850.01,986.32,105.42,261.22,443.02,585.82,738.92,807.71,611.81,747.31,903.92,039.12,153.92,336.72,371.52,422.92,467.02,510.62,547.82.569.42,595.82,630.22.675.92,731.62,769.92,778.32,771.12,800.22,822.42,837.2

Supple-ments

towages

andsal-

aries2

21.423.825.128.130.733.236.142.746.652.860.166.874.987.6

104.2119.1134.0158.7183.3212.1241.1267.8299.8322.7345.2376.9396.5418.4437.4478.3515.5551.4580.0328.6353.9384.2403.3428.6448.4463.1472.5483.2494.3503.9511.6519.1527.2540.1548.3555.4561.6571.8577.2582.9587.9

Proprietors' income with inventory valuation andcapital consumption adjustments

Total

51.751.954.356.457.760.565.069.470.975.178.979.986.297.4

116.5115.3121.2132.9146.4167.7181.8171.8180.8170.7186.7236.0259.9283.7310.2324.3347.0373.2379.6179.9200.1239.6268.7284.4325.0320.9326.1316.8333.4357.0347.0332.7351.3375.8374.2368.8373.9364.2380.0382.5391.9

Farm

Total

10.711.211.911.911.810.612.914.012.712.714.414.615.219.132.225.523.718.317.121.524.711.521.213.52.4

21.321.522.331.330.941.442.535.210.26.3

21.917.823.642.435.434.123.130.951.543.829.641.050.945.332.441.232.839.632.036.3

Propri-etors'

in-come3

11.612.112.712.712.511.313.714.813.513.615.615.916.620.934.328.227.522.521.827.031.219.430.223.112.130.830.531.039.638.849.650.342.820.015.831.226.732.150.643.642.130.938.859.551.838.049.058.953.240.249.040.547.139.643.9

Capitalcon-

sump-tion

adjust-ment

-0.9-.8-.8-.8

-J-.7-.8-.8-.9

-1.1-1.3

14-1.8-2.0-2.8-3.8

42-4.8

55-6.4-7.9-9.0-9.7

97-9.4-9.0

87-8.3-8.0-8.1

79-7.6

98-9.5

93-8.9-8.6

82-8.2-8.0

7879

-8.0-8.0-8.4-8.0-8.0-7.8-7.8

78-7.7-7.6-7.6-7.6

Nonfarm

Total

41.140.642.444.545.949.852.155.358.262.464.565.370.978.384.389.897.5

114.6129.4146.2157.0160.3159.6157.3184.3214.7238.4261.5279.0293.4305.5330.7344.5169.6193.8217.7250.9260.9282.6285.5292.0293.8302.5305.5303.2303.2310.2324.9328.8336.5332.7331.4340.4350.5355.6

Propri-etors'

income

40.239.841.843.945.249.251.955.458.363.065.066.072.079.386.594.2

100.2117.6132.5150.2161.8165.8160.9157.8176.1197.1212.4230.6252.4266.8278.6308.9325.4168.0182.5196.6223.2230.0254.2257.7265.5269.0274.9279.8275.3275.1284.4300.6306.1315.7313.0312.5321.6331.5336.0

Inven-tory

valua-tion

adjust-ment

0.0.0.0.0.0

-.1-.2-.2-.2

4-.5-.5-.6-.7

-2.0-3.8-1.2

13-1.3

21-2.9-3.0

14-.6-.6

2-.1

8-1.5

128

-.3.6

-1.6.1

14

L7.8

-1.3-4.0-1.4

33-1.0

.2

10-.9-.9-.5-.3-.3

-.1

Capitalcon-

sump-tion

adjust-ment

0.9.8.6.6

'.7.4.2.1

-.2.0

-.1

-.2-.2-.6

-1.4-1.7-1.8-2.0-1.9-2.5

.2

.08.7

18.126.130.927.428.128.122.719.41.1

12.921.029.130.126.726.927.828.729.029.128.927.926.625.323.621.620.219.119.219.419.7

1 National income is the total net income earned in production. It differs from gross domestic product mainly in that it excludesdepreciation charges and other allowances for business and institutional consumption of durable capital goods and indirect businesstaxes. See Table B-20.



TABLE B-22.—National income by type of income, 1959-91—Continued


Year or quarter

1959196019611962196319641965 .19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991 '1982- IV1983: IV1984- IV1985- IV1986- IV1987: IV .1988- 1

I II l lIV .

1989:1I II l lIV

1990:1III l lIV

1991- 1I II l lIV P.

Rental income of personswith capital consumption

adjustment

Total

14.715.315.816.517.117.318.018.519.418.218.017.818.216.817.315.813.512.19.08.98.4

13.220.821.922.123.318.78.73.24.3

-7.9-12.9-13.2

24.122.224.314.04.76.86.24.14.22.8

-2.2-6.5

-10.3125

-14.2-17.3

104-9.5

-11.9-11.7-14.2-15.2

Rentalincome

ofpersons

18.018.719.219.820.320.521.322.123.422.823.924.225.626.128.229.329.529.930.034.439.149.061.164.464.866.563.453.450.053.446.940.642.066.564.567.660.050.254.254.953.053.252.648.545.349.044.839.035.843.544.041.942.640.942.8

Capitalcon-

sumptionadjust-ment

34-3.4-3.3-3.3-3.2

32-3.3-3.6-3.9-4.6

59-6.4-7.4

93-10.9-13.5

159-17.8-21.0

255-30.8-35.8-40.2-42.4-42.8-43.2-44.6

447-46.8-49.1-54.8

534-55.3-42.3-42.4-43.4-46.0-45.5-47.4-48.6-48.9-49.0-49.7-50.7-51.8-59.4-57.3-53.2-53.2-53.9-53.5

538-54.2-55.1-58.0

Corporate profits with inventory valuation and capital consumption adjustments

Total

52.350.751.659.665.172.182.988.686.092.689.677.590.3

103.2116.4104.5121.9147.1175.7199.7202.5177.7182.0151.5212.7264.2280.8271.6319.8365.0351.7319.0

150.3229.1261.3284.9264.6343.3352.1364.2365.3378.3366.2361.0345.0334.7340.2339.8299.8296.1302.1303.5306.1

Profits with inventory valuation adjustment and withoutcapital consumption adjustment

Total

53.151.051.356.461.267.577.683.080.386.983.271.885.597.9

110.9103.4129.4158.8186.7212.8219.8197.8203.2166.4202.2236.4225.3227.6273.4320.3327.0318.2

160.0216.2223.6228.0225.0293.4303.3316.8320.4340.5332.9332.2323.6319.2330.0335.4302.4304.9315.7316.1313.4

Profits

Profitsbefore

tax

53.451.151.056.461.268.078.885.181.890.689.078.490.1

104.5130.9142.8140.4173.7203.3237.9261.4240.9228.9176.3210.7240.5225.0217.8287.9347.5344.5332.3

168.6223.8220.1231.8235.7311.2322.1342.9353.0372.2370.5347.9326.9332.8336.6331.6335.1326.1309.1306.2318.2

Profitstax

liability

23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5

106.5127.1137.0138.0135.3

58.782.283.897.6

116.6135.2126.6135.7139.6146.2149.2141.7131.2129.8137.6137.9138.8127.1119.4123.5128.6

Profits after tax

Total

29.728.428.232.434.940.047.951.449.251.249.444.052.462.681.691.089.5

109.5130.3154.4173.4156.1147.8113.2133.5146.4128.5111.3160.8210.5206.6197.0

109.9141.6136.3134.2119.2176.0195.5207.2213.4226.0221.3206.2195.7203.0199.1193.7196.3199.0189.7182.7189.6

Divi-dends

12.713.414.015.016.118.020.220.922.124.625.223.723.725.828.130.430.135.640.745.952.459.069.270.081.282.792.4

109.8106.2115.3127.9133.7137872.584.283.497.4

111.0106.3109.6113.3117.5121.0124.6127.1129.1130.7132.3132.5133.8136.2137.8136.7138.11385

Undis-tributedprofits

17.015.014.317.418.822.027.830.527.126.624.120.328.636.953.560.659.473.989.5

108.5121.097.178.643.252.363.836.11.6

54.695.278.763.3

37.557.452.936.98.2

69.786.093.995.8

105.096.679.266.772.366.761.262.562.851.946.151.5

Inven-toryvalu-ation

adjust-ment

032

-.3-.0-.1

5-1.2-2.1

16-3.7-5.9-6.6-4.6-6.6

-20.0-39.5-11.0-14.9-16.6

250-41.6

430-25.7

99-8.5-4.1

.29.7

-14.5-27.3-17.5

1423.8

-8.6-7.6

3.538

-10.7178

-18.8-26.1-32.6

317-37.6-15.7-3.3

-13.5-6.6

3.8-32.6-21.2

6.79.9

-4.83.3

Capitalcon-

sumptionadjust-ment

083.3

3.23.94.65.35.65.75.66.45.64.85.35.51.276

-11.7-11.0

13 1-17.3

202-21.2

14910.427.855.544.146.444.724.7

.8-9.1-9.612.937.756.939.649.948.847.444.837.933.228.721.415.410.24.4

-2.7-8.8136

-12.6-7.3-2.9

Netinterest

10.211.213.114.616.118.221.124.328.130.433.640.045.449.356.571.880.085.1

100.7120.5149.9191.2233.4262.4270.0307.9326.2350.2360.4387.7452.6490.1481.3256.8281.8321.1331.9349.7368.6374.9376.5391.1408.1429.9448.4462.4469.6477.5484.5491.8506.4492.6481.6480.1470.8

2 Consists mainly of employer contributions for social insurance and to private pension, health, and welfare funds.3 With inventory valuation adjustment.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-23.—Sources of personal income, 1959-91


Year or quarter

1959I96019611962196319641965196619671968196919701971197219731974 ..19751976197719781979198019811982198319841985198619871988198919901991 p

1982: IV1983: IV1984- IV1985: IV1986: IV1987- IV1988: 1

IIIllIV

1989:1||IIIIV

1990- 1III l lIV

1991:1||II IIV P

Personalincome

391.2409.2426.5453.4476.4510.7552.9601.7646.5709.9773.7831.0893.5980.5

1,098.71,205.71,307.31,446.31,601.31,807.92,033.12,265.42,534.72,690.92,862.53,154.63,379.83,590.43,802.04,075.94,380.24,679.84,833.92,746.82,965.83,242.53,456.73,647.83,918.53,967.74,037.94,102.94,195.24,303.84,351.74,390.94,474.44,580.64,654.74,719.34,764.74,768.04,821.14,853.34,893.1

Wage and salary disbursements l

Total

259.8272.8280.5299.3314.8337.7363.7400.3428.9471.9518.3551.5583.9638.7708.7772.6814.6899.5993.9

1,120.71,255.41,376.61,515.61,593.31,684.71,849.81,986.52,105.42,261.22,443.02,585.82,738.92,807.81.611.71.747.31.903.32,039.12,153.92,337.02,371.52,422.92,467.02,510.62,547.82,569.42,595.82,630.22,675.92,731.62,769.82,778.22,770.92,800.62,822.42,837.2

Commodity-producingindustries

Total

109.9113.4114.0122.2127.4136.0146.6161.6169.0184.1200.4203.7209.1228.2255.9276.5277.1309.7346.1392.6442.1471.9513.7513.5525.1580.8612.2628.5651.8699.1723.8745.4738.7503.9547.6594.5622.6635.3668.4682.1694.8703.9715.3720.8719.7724.2730.7737.4747.7751.2745.2733.4735.2742.3744.0

Manu-facturing

86.989.889.996.8

100.7107.3115.7128.2134.3146.0157.7158.4160.5175.6196.6211.8211.6238.0266.7300.1334.9355.7386.9384.3397.7439.8461.3473.8490.1524.5542.1555.8556.5378.0415.7450.5469.1478.5501.6512.6520.6527.3537.5542.1539.6541.8544.7548.0557.5560.4557.3549.3552.3559.9564.4

Distrib-utiveindus-tries

65.168.669.673.376.882.087.995.1

101.6110.8121.7131.2140.4153.3170.3186.8198.1219.5242.7274.9308.4336.4368.1385.8406.2445.4475.9501.7536.9575.3607.5634.6641.2391.2422.4458.4487.6512.5551.9559.6571.0580.8589.9599.9605.1608.8616.0624.6634.5640.4639.0635.1642.0644.0643.8

Serviceindus-tries

38.841.744.447.650.754.959.465.372.080.490.699.4

107.9119.7133.9148.6163.4181.6202.8233.7267.7306.9348.1386.5427.4475.8524.5579.5650.7719.6775.9845.0887.6400.9445.8494.4546.8602.1685.0690.2711.4730.1746.8758.7770.0781.1793.9812.4838.0860.6868.8866.5883.0894.4906.6

Govern-ment

46.049.252.456.360.064.969.978.386.496.6

105.5117.1126.5137.4148.7160.9176.0188.6202.3219.4237.3261.4285.7307.5325.9347.8373.9395.7421.8449.0478.6514.0540.2315.6331.5356.1382.2404.0431.7439.7445.7452.1458.5468.4474.7481.8489.7501.5511.4517.7525.2535.8540.5541.8542.8

Otherlabor

income 1

10.611.211.813.014.015.717.819.921.725.228.532.536.743.049.256.565.979.794.7

110.1124.3139.8153.0165.4174.6184.7191.8200.7210.4230.5253.7274.0290.6169.2179.0187.7193.9205.3216.5221.4226.6233.6240.3245.8251.0256.4261.7267.8272.1276.3279.9284.2288.5292.8297.0

Proprietors' incomewith inventoryvaluation and

capitalconsumptionadjustments

Farm

10.711.211.911.911.810.612.914.012.712.714.414.615.219.132.225.523.718.317.121.524.711.521.213.52.4

21.321.522.331.330.941.442.535.210.26.3

21.917.823.642.435.434.123.130.951.543.829.641.050.945.332.441.232.839.632.036.3

Nonfarm

41.140.642.444.545.949.852.155.358.262.464.565.370.978.384.389.897.5

114.6129.4146.2157.0160.3159.6157.3184.3214.7238.4261.5279.0293.4305.5330.7344.5169.6193.8217.7250.9260.9282.6285.5292.0293.8302.5305.5303.2303.2310.2324.9328.8336.5332.7331.4340.4350.5355.6

1 The total of wage and salary disbursements and other labor income differs from compensation of employees in Table B-22 in that itexcludes employer contributions for social insurance and the excess of wage accruals over wage disbursements.


TABLE B-23.—Sources of personal income, 1959-91— Continued


Year or quarter

195919601961196219631964196519661967. . . .19681969197019711972197319741975 ...19761977197819791980.. .19811982198319841985198619871988.. .19891990.1991 *1982- IV1983: IV1984- IV1985: IV1986: IV1987: IV1988- 1

IIIllIV

1989: 1||IIIIV

1990: 1 . ..IIIIIIV

1991: 1||IIIIV "

Rentalincome

ofpersons

withcapitalcon-

sumptionadjust-ment

14.715.315.816.517.117.318.018.519.418.218.017.818.216.817.315.813.512.19.08.98.4

13.220.821.922.123.318.78.73.24.3

-7.9129

-13.224.122224.314.04.76.86.24.14.22.8

-2.2-6.5

-10.3-12.5-14.2-17.3-10.4-9.5

-11.9-11.7-14.2-15.2

Personaldividendincome

12.713.414.015.016.118.020.220.922.124.525.123.523.525.527.729.629.234.739.444.250.457.166.967.177.878.887.9

104.7100.4108.4119.8124.8128.569.480.679.392.7

105.6100.1103.1106.4110.5113.8117.0119.1120.8122.2123.7123.5124.8127.0128.7127.4128.7129.4

Personalinterestincome

22.725.026.929.332.436.140.344.949.554.660.869.275.781.894.1

112.4123.0134.6155.7184.5223.2274.0336.1376.8397.5461.9498.1531.7548.1583.2669.0721.3719.4373.6418.7485.4507.5532.6562.3564.8570.8588.1608.9639.4665.6679.1691.9703.0716.2729.1736.9730.1721.8716.7709.1

Transfer payments to persons

Total

27.028.832.834.136.237.941.145.754.663.270.384.6

100.1111.8127.9151.3190.2208.3223.3241.6270.7321.5365.9408.1438.9452.9485.9517.8542.2576.7624.4684.9759.1432.2441.3458.5493.6526.6548.5569.4573.8578.7584.8607.7616.9629.1644.2669.2676.8687.7705.8737.2751.5763.7784.1

Old-age,survivors,disability,

andhealthinsur-ance

benefits

10.211.112.614.315.216.018.120.825.530.232.938.544.549.660.470.181.492.9

104.9116.2131.8154.2182.0204.5221.7235.7253.4269.2282.9300.4325.1352.0379.7216.4226.7241.3256.7273.3285.8297.8298.9301.2303.8316.7321.7328.2334.0347.7348.9353.0358.4373.1377.2381.7386.8

Govern-mentunem-

ploymentinsur-ance

benefits

2.83.04.33.13.02.72.31.92.22.12.24.05.85.74.46.8

17.615.812.79.79.8

16.115.925.226.315.815.716.314.513.414.417.926.731.819.915.615.316.713.414.013.413.313.013.513.814.615.616.117.118.020.523.627.026.529.6

Veteransbenefits

4.64.65.04.74.84.74.94.95.65.96.77.78.89.7

10.411.814.514.413.813.914.415.016.116.416.616.416.716.716.616.917.317.818.316.616.516.416.516.416.516.916.916.916.817.517.317.317.217.917.817.717.918.018.718.418.2

Govern-ment

employ-ees

retire-ment

benefits

2.83.13.43.74.24.75.26.16.97.68.7

10.211.813.816.019.022.726.129.032.736.943.049.454.658.060.966.670.776.082.287.293.199.756.159.558.068.072.477.781.082.582.383.085.886.787.588.892.592.493.194.6

100.398.999.3

100.2

Aid tofamilies

withdepend-

entchildren(AFDC)

0.91.01.11.31.41.51.71.92.32.83.54.86.26.97.27.99.2

10.110.610.711.012.413.013.314.214.815.416.416.717.318.019.821.813.614.514.815.716.716.717.017.117.317.517.617.818.118.419.219.519.920.520.921.722.122.5

Other

5.76.16.57.07.68.29.0

10.312.214.516.219.423.026.129.535.744.749.152.458.466.880.889.794.1

102.1109.2118.1128.5135.5146.5162.4184.2212t997.6

104.2112.5121.3131.1138.3142.7145.1147.6150.6156.7159.5163.4170.2175.9181.1185.8193.9201.2208.0215.7226.7

Less:Personalcontribu-tions for

socialinsurance

7.99.39.7

10.311.812.613.317.820.622.926.227.930.734.542.647.950.455.561.269.881.088.6

104.5112.3119.7132.8149.1162.1173.6194.5211.7224.3238.0113.3123.4135.6152.8165.4177.7189.6192.9196.0199.5208.6210.8212.7214.8220.7222.3226.7227.5235.4237.0239.3240.4

Nonfarmpersonalincome2

376.2393.7410.4437.0460.0495.3534.9582.4628.3691.4753.1809.8871.5954.2

1,058.11,170.21,272.51,415.11,569.91,770.31,989.32,231.62,488.52,649.82,832.63,106.13,333.23,545.63,749.44,023.94,316.64,614.54,775.02,708.52,932.03,193.83,414.93,602.33,854.93,911.23,982.84,058.74,142.94,230.74,286.04,339.04,410.94,507.24,586.54,664.14,700.44,711.94,757.94,797.44,832.6

2 Personal income exclusive of the farm component of wages and salaries, other labor income, proprietors' income, and net interest.Note.—The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is

based on the 1987 Standard Industrial Classification (SIC) beginning 1987 and on the 1972 SIC for earlier years shown.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-24.—Disposition of personal income, 1959-91


Year or quarter

195919601961196219631964

19651966196719681969

19701971197219731974

197519761977..19781979

1980 .1981198219831984 ...

19851986198719881989

19901991 "

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988: 1||II IIV

1989- 1III l lIV

1990: 1I I .Il lIV

1991: 1||II IIV

Personalincome

391.2409.2426.5453.4476.4510.7

552.9601.7646.5709.9773.7

831.0893.5980.5

1,098.71,205.7

1,307.31,446.31,601.31,807.92,033.1

2,265.42,534.72,690.92,862.53,154.6

3,379.83,590.43,802.04,075.94,380.2

4,679.84,833.9

2,746.82,965.83,242.53,456.73,647.83,918.5

3,967.74,037.94,102.94,195.24,303.84,351.74,390.94,474.4

4,580.64,654.74,719.34,764.74,768.04,821.14,853.34,893.1

Less:Personaltax andnontax

payments

44.548.750.354.858.056.0

61.971.077.992.1

109.9

109.0108.7132.0140.6159.1

156.4182.3210.0240.1280.2

312.4360.2371.4368.8395.1

436.8459.0512.5527.7591.7

621.0616.0

372.1371.6413.4448.8478.5528.6

510.8530.4527.7542.0574.3597.6591.8602.9

606.6622.7627.5627.2617.1613.6615.1618.3

Equals:Dispos-

ablepersonalincome

346.7360.5376.2398.7418.4454.7

491.0530.7568.6617.8663.8

722.0784.9848.5958.1

1,046.5

1,150.91,264.01,391.31,567.81,753.0

1,952.92,174.52,319.62,493.72,759.5

2,943.03,131.53,289.53,548.23,788.6

4,058.84,217.8

2,374.72,594.32,829.13,007.93,169.33,389.9

3,456.83,507.63,575.23,653.23,729.53,754.23,799.13,871.4

3,974.04,032.04,091.84,137.54,151.04,207.54,238.24,274.7

Less: Personal outlays

Total

324.7339.9351.3372.8393.7423.1

456.4494.3522.8573.9620.4

664.4719.3788.6871.9953.0

1,050.41,170.71,303.11,459.61,629.3

1,798.61,982.12,119.62,324.72,537.2

2,753.22,943.63,146.93,392.03,621.6

3,852.23,995.8

2,190.42,417.62,606.12,828.23,017.83,219.4

3,294.23,355.23,422.33,496.23,535.93,593.43,656.83,700.4

3,776.63,815.33,895.33,921.73,937.53,977.94,024.94,042.8

Personalcon-

sumptionexpendi-

tures

318.1332.4343.5364.4384.2412.5

444.6481.6509.3559.1603.7

646.5700.3767.8848.1927.7

1,024.91,143.11,271.51,421.21,583.7

1,748.11,926.22,059.22,257.52,460.3

2,667.42,850.63,052.23,296.13,517.9

3,742.63,886.8

2,128.72,346.82,526.42,739.82,923.13,124.6

3,199.13,260.53,326.63,398.23,436.53,490.63,551.73,592.8

3,667.33,706.03,785.23,812.03,827.73,868.53,916.43,934.4

Interestpaid bypersons

6.17.07.37.88.9

10.0

11.112.012.513.815.7

16.817.819.622.424.2

24.526.730.737.544.5

49.454.658.865.775.0

83.690.992.393.7

101.6

107.5106.8

60.269.277.686.492.392.4

92.892.793.695.897.4

100.6103.1105.4

107.2107.6107.7107.6107.5107.1106.3106.2

Per-sonal

transferpay-

mentsto restof theworld(net)

0.4.4.5.5.6.7

.7

.7

.9

.91.0

1.21.21.21.31.1

1.01.0.9.9

1.0

1.21.31.61.41.9

2.22.12.42.12.1

2.12.2

1.51.62.12.02.42.4

2.31.92.12.21.92.22.02.2

2.11.72.52.12.32.22.12.1

Equals:Personalsaving

22.020.624.925.924.631.6

34.636.445.943.943.4

57.665.559.986.293.5

100.493.288.1

108.1123.7

154.3192.4200.0169.1222.3

189.8187.8142.6156.2166.9

206.6222.1

184.2176.7223.0179.7151.5170.5

162.6152.3152.9157.0193.7160.8142.2171.0

197.5216.7196.5215.8213.4229.6213.3232.0

Percent of disposablepersonal income »

Personal outlays

Total

93.694.393.493.594.193.1

93.093.191.992.993.5

92.091.792.991.091.1

91.392.693.793.192.9

92.191.291.493.291.9

93.694.095.795.695.6

94.994.7

92.293.292.194.095.295.0

95.395.795.795.794.895.796.395.6

95.094.695.294.894.994.595.094.6

Personalconsump-

tionexpend-itures

91.892.291.391.491.890.7

90.590.789.690.590.9

89.589.290.588.588.6

89.190.491.490.790.3

89.588.688.890.589.2

90.691.092.892.992.9

92.292.2

89.690.589.391.192.292.2

92.593.093.093.092.193.093.592.8

92.391.992.592.192.291.992.492.0

Personalsaving

6.45.76.66.55.96.9

7.06.98.17.16.5

8.08.37.19.08.9

8.77.46.36.97.1

7.98.88.66.88.1

6.46.04.34.44.4

5.15.3

7.86.87.96.04.85.0

4.74.34.34.35.24.33.74.4

5.05.44.85.25.15.55.05.4

1 Percents based on data in millions of dollars.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-25.—Total and per capita disposable personal income and personal consumption expenditures in

current and 1987 dollars, 1959-91

[Quarterly data at seasonally adjusted annual rates, except as noted]

Year or quarter

1959I96019611962196319641965196619671968196919701971197219731974 . . .19751976197719781979198019811982198319841985198619871988198919901991 "1982: IV1983: IV.1984: IV1985: IV...1986: IV1987- IV1988- 1

||IIIIV

1989- 1IIIllIV

1990: 1IIIllIV

1991: 1 ,IIIllIV "...

Disposable personal income

Total (billions ofdollars)

Currentdollars

346.7360.5376.2398.7418.4454.7491.0530.7568.6617.8663.8722.0784.9848.5958.1

1,046.51,150.91,264.01,391.31,567.81,753.01,952.92,174.52,319.62,493.72,759.52,943.03,131.53,289.53,548.23,788.64,058.84,217.82,374.72,594.32,829.13,007.93,169.33,389.93,456.83,507.63,575.23,653.23,729.53,754.23,799.13,871.43,974.04,032.04,091.84,137.54,151.04,207.54,238.24,274.7

1987dollars

1,284.91,313.01,356.41,414.81,461.11,562.21,653.51,734.31,811.41,886.81,947.42,025.32,099.92,186.22,334.12,317.02,355.42,440.92,512.62,638.42,710.12,733.62,795.82,820.42,893.63,080.13,162.13,261.93,289.63,404.33,471.23,538.33,534.12,832.62,960.63,118.53,178.73,266.23,335.83,380.13,386.33,407.53,443.13,473.93,450.93,466.93,493.03,531.43,545.33,547.03,529.53,514.83,537.43,539.93,544.3

Per capita(dollars)

Currentdollars

1,9581,9942,0482,1372,2102,3692,5272,6992,8613,0773,2743,5213,7794,0424,5214,8935,3295,7966,3167,0427,7878,5769,4559,98910,64211,67312,33913,01013,54514,47715,31316,23616,69310,18911,03311,92512,56513,12113,90714,15414,33214,57014,85015,13115,19715,33715,58615,96316,15416,34416,47916,49216,67816,75216,849

1987dollars

7,2567,2647,3827,5837,7188,1408,5088,8229,1149,3999,6069,87510,11110,41411,01310,83210,90611,19211,40611,85112,03912,00512,15612,14612,34913,02913,25813,55213,54513,89014,03014,15413,98712,15412,59113,14513,27813,52213,68513,84013,83613,88613,99614,09313,96913,99614,06314,18514,20414,16814,05813,96514,02213,99213,970


Total (billions ofdollars)

Currentdollars

318.1332.4343.5364.4384.2412.5444.6481.6509.3559.1603.7646.5700.3767.8848.1927.7

1,024.91,143.11,271.51,421.21,583.71,748.11,926.22,059.22,257.52,460.32,667.42,850.63,052.23,296.13,517.93,742.63,886.82,128.72,346.82,526.42,739.82,923.13,124.63,199.13,260.53,326.63,398.23,436.53,490.63,551.73,592.83,667.33,706.03,785.23,812.03,827.73,868.53,916.43,934.4

1987dollars

1,178.91,210.81,238.41,293.31,341.91,417.21,497.01,573.81,622.41,707.51,771.21,813.51,873.71,978.42,066.72,053.82,097.52,207.32,296.62,391 82,448.42,447.12,476.92,503.72,619.42,746.12,865.82,969.13,052.23,162.43,223.13,262.63,256.72,539.32,678.22,784.82,895.33,012.53,074.73,128.23,147.83,170.63,202.93,200.93,208.63,241.13,241.63,258.83,258.63,281.23,251.83,241.13,252.43,271.23,262.2

Per capita(dollars)

Currentdollars

1,7961,8391,8691,9532,0302,1492,2872,4502,5622,7852,9783,1523,3723,6584,0024,3374,7455,2415,7726,3847,0357,6778,3758,8689,63410,40811,18411,84312,56813,44814,21914,97115,3839,1349,98010,64911,44512,10112,81913,09913,32213,55613,81413,94214,13014,33814,46414,73114,84815,12015,18315,20815,33415,48115,508

1987dollars

6,6586,6986,7406,9317,0897,3847,7038,0058,1638,5068,7378,8429,0229,4259,7529,6029,71110,12110,42510,74410,87610,74610,77010,78211,17911,61712,01512,33612,56812,90313,02713,05112,88910,89511,39011,73912,09512,47212,61512,80812,86212,92113,02012,98612,98913,08413,05113,09013,05613,10712,95212,87712,89212,93012,858

Popula-tion(thou-sands) 1

177,073180,760183,742186,590189,300191,927194,347196,599198,752200,745202,736205,089207,692209,924211,939213,898215,981218,086220,289222,629225,106227.715229,989232,201234,326236,393238,510240,691242,860245,093247,405249,992252,666233,060235,146237,231239,387241,550243,745244,235244,744245,387246,004246,491247,032247,711248,387248,950249,594250,349251,074251,689252,281252,990253,705

1 Population of the United States including Armed Forces overseas; includes Alaska and Hawaii beginning 1960. Annual data areaverages of quarterly data. Quarterly data are averages for the period.

Source: Department of Commerce (Bureau of Economic Analysis and Bureau of the Census).


TABLE B-26.—Gross saving and investment, 1959-91


Year orquarter

19591960196119621963196419651966196719681969197019711972197319741975... .19761977197819791980198119821983198419851986198719881989 ....19901991 p

1982- IV1983- IV1984: IV1985- IV1986- IV1987: IV1988- 1

III I IIV.

1989- 1I II I I . .IV

1990: 1||III....IV

1991:1||HIIV "

Gross saving

Total

79.485.184.492.8

100.4110.0125.0131.6130.8141.8159.6155.3173.8201.8252.4249.6241.6285.0338.4416.1468.8465.9557.2508.9501.9634.3610.9575.0619.6704.5744.2711.8

459.0542.8637.4604.3550.5668.6678.6702.0717.0720.6770.0751.1727.9727.9722.6747.9698.3678.3747.7713.9698.0

Gross private saving

Total

82.581.587.495.898.8

111.6123.8132.5144.5146.4149.6165.9192.3205.0245.6256.1306.5323.3355.2413.2458.3500.1586.4617.5641.7743.1736.1721.8731.3802.8827.3851.3

615.9679.1765.1735.2676.7784.4801.0797.5797.5815.3842.0816.6813.7836.9853.1876.2821.9853.9873.8893.0876.4

Per-sonalsav-ing

22.020.624.925.924.631.634.636.445.943.943.457.665.559.986.293.5

100.493.288.1

108.1123.7154.3192.4200.0169.1222.3189.8187.8142.6156.2166.9206.6222.1184.2176.7223.0179.7151.5170.5162.6152.3152.9157.0193.7160.8142.2171.0197.5216.7196.5215.8213.4229.6213.3232.0

Grossbusi-nesssav-ing*

60.560.962.569.974.180.089.296.198.7

102.5106.2108.2126.8145.1159.3162.6206.0230.0267.1305.0334.5345.7394.1417.5472.7520.7546.4533.9588.7646.6660.3644.7

431.6502.4542.1555.5525.3613.9638.4645.1644.6658.3648.3655.8671.4665.8655.6659.5625.5638.1660.4663.4663.1

Governmer/ \ no( ), na

prod

Total

-3.13.6

-3.0-2.9

1.6- -1.6

1.2-1.0

-13.7-4.610.0115

-19.2396.945

-64.8-38.3

1682.99.4

-35.3-30.31086

-139.8-108.8

1253-146.8-111.7-98.3-83.01395

-171.2-156.9-136.3

1278-130.9-126.2-115.8-122.4-95.5

805-94.7-72.1

654-85.7

-108.9-130.5-128.4-123.6-175.6-126.1-179.1-178.4

t surplus or deficit:ional income anduct accounts

Federal

-2.63.5

-2.6-3.4

1.1-2.6

1.3-1.4

-12.7-4.7

8.5-13.3-21.7-17.3-6.6

-11.6694

-52.9-42.4-28.1-15.7-60.1

588-135.5

180 1-166.9-181.4

2010-151.8

1366-124.2-165.3

200718341846

-186.8-187.2

1775-152.7-157.5

1346-119.5-134.9-114.5-110.5-128.4-143.3-160.8

1569-149.7-193.6-146.4-206.7-210.2

Stateandlocal

-0.5.0

-.4.5.4

1.0.0.5

-1.1

l'.51.82.5

13.413.47.14.6

14.625.631.125.124.828.526.940.358.156.154.340.138.441.125.729.626.548.359.056.351.237.035.139.139.040.242.445.142.634.430.328.526.118.020.427.631.8

Capitalgrants

receivedby theUnitedStates(net) «

0.9.7.7

04 20

00001.11.21.100000000000000000000000000000000

Gross investment

Total

77.682.082.291.898.4

109.3124.3134.4131.6141.7157.0155.3176.9202.8252.0251.1247.6295.4349.3423.7482.6479.5568.1501.5512.1625.2597.0576.3594.8676.1741.5719.9736.9448.9556.6616.9598.3548.5643.7644.2673.9691.1695.2743.9745.9730.5745.8727.0745.5726.5680.4765.8730.4720.0731.3

Grossprivatedomes-

ticinvest-ment

78.878.777.987.993.4

101.7118.0130.4128.0139.9155.2150.3175.5205.6243.1245.8226.0286.4358.3434.0480.2467.6558.0503.4546.7718.9714.5717.6749.3793.6837.6802.6725.3464.2614.8722.8737.0697.1800.2770.6788.4800.7814.8844.7844.3826.8834.4812.0825.9821.8750.9709.3708.8740.9742.3

Netforeigninvest-ment3

-1.23.24.33.95.07.66.33.93.61.81.85.01.4288.95.3

21.69.090

-10.32.4

11.910.1

-1.9-34.6-93.61176

-141.41545

-117.5960

-82.811.5

-15.3-58.2

-105.91387

-148.6-156.4-126.3-114.4-109.6

1195-100.8-98.4-96.3-88.6-85.0-80.4-95.3-70.4

56.521.7

-20.9-11.0

Statis-tical

discrep-ancy

-1.831

-2.210

-2.0

-.72.8

.8

26.0

3.11.1

-.51.46.0

10.410.97.6

13.813.610.9

-7.410.2

-9.0-13.9

1.2-24.8

284-2.7

8.1

-10.113.8

-20.5-5.9

20-24.9-34.4-28.1-25.8-25.4-26.0-5.2

2.517.94.4

-2.428.22.1

18.016.522.0

1 Undistributed corporate profits with inventory valuation and capital consumption adjustments, corporate and noncorporateconsumption of fixed capital, and private wage accruals less disbursements.2 Consists mainly of allocations of special drawing rights (SDRs).3 Net exports of goods and services plus net receipts of factor income from rest of the world less net transfers plus net capitalgrants received by the United States. See also Table B-18.

* Consists of a U.S. payment to India under the Agricultural Trade Development and Assistance Act. This payment is included incapital grants received by the United States, net.



TABLE B-27.—Personal saving, flow of funds accounts, 1946-91


Year orquarter

1946194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901989:1

IIIII....IV....

1990:1IIIII....IV....

1991:1IIIII....

Per-sonalsaving

22.825.024.825.932.033.737.834.527.636.538.338.436.136.738.037.744.547.960.067.480.683.079.778.188.3

101.5118.3153.4118.7154.6166.7192.5199.1208.1210.9237.9265.6307.9371.0352.1429.0337.1390.8448.8389.5370.7590.7439.5394.2424.1554.7268.6310.7474.7275.9389.3

Increase in financial assets

Total

19.612.68.98.9

15.019.528.524.621.028.631.729.133.235.332.635.440.145.555.957.962.171.768.669.680.1

106.7134.2145.8147.8174.6207.5253.4284.5325.8327.1321.6386.3495.0552.5572.4576.5461.4537.2575.3474.7477.5707.8560.4555.4579.2639.6319.3360.6571.3399.7449.4

Check-able

depos-its andcurren-

cy

5.6.0

-2.9-2.0

2.74.61.6.9

2.11.21.9

-.43.7.9.9

-1.0-1.2

4.26.16.72.4

10.39.5

-1.17.4

13.413.413.16.36.0

15.619.722.035.89.2

36.224.633.620.834.199.27.87.3

23.521.130.0

-3.05.6

61.535.438.915.5

-5.371.317.886.2

Timeand

savingsdepos-

its

6.33.52.32.62.44.87.88.29.28.69.4

11.913.911.012.218.326.126.226.327.919.135.430.98.9

43.567.774.063.556.277.6

107.1106.699.674.4

124.972.0

122.6203.3218.6129.998.3

118.1152.6101.1

11.986.8

124.8100.192.673.8

1.2-20.8-6.435.1

-46.0-154.5

Moneymarket

fundshares

2.41.3.0

-.26.0

30.624.590.732.8

-31.144.0

8.739.628.123.581.259.371.989.9

111.851.2

106.5-23.3109.544.4

167.5-61.4-3.3

Securities

Govern-ment

securi-ties2

-1.5.5

1.0

.9-.67.43.7

.26.44.53.9

-2.38.62.51.01.2

-.93.83.8

13.6-2.6

1.227.5

-5.6-11.1

-.717.217.818.89.0

13.829.965.532.040.865.1

100.1112.1113.0

-42.7160.5176.5186.3127.3243.6154.9219.9127.0202.4234.1116.7

-44.1-24.4156.330.7

Corpo-rateequi-ties'

1.21.11.0

.71.81.51.1

U2.01.51.8.6.1

1.2-1.3-1.5-.2

-1.5.0

-3.161

-2.1-.5

-4.4-9.0-4.4-2.0-6.5-.6

-7.7-12.8-25.4-10.5-36.9-15.5-2.3

-56.0-45.7

6.6-27.8

-120.1-90.9

-.6-181.9-33.2-97.7-50.7-27.4

16.425.9

-17.243.797.1

120.4

Othersecuri-ties*

-0.7

.2

-.6.6.2.3

111.01.1.9

1.3.4

1.67

-.31.4.5.9

3.56.27.4

10.77.06.5

-1.28.4

14.0-4.9

2.516.89.84.0

-9.0-9.7

-20.118.33.5

41.559.18.09.4

-23.2-25.3-55.6-15.9

36.9-58.2-13.2

46.4-124.0-10.6-71.0-50.3

-102.8

Insur-anceand

pensionre-

serves5

5.15.45.35.66.16.37.77.97.88.59.59.5

10.411.911.512.113.013.916.417.019.318.819.921.824.228.048.539.943.771.956.678.695.0

101.8118.5117.9153.5142.4172.9223.3231.3118.7210.1229.7215.3220.9305.2174.7218.0160.2265.7143.0292.3316.0245.8411.9

Otherfinan-

cialas-

sets6

3.72.72.21.62.92.02.42.42.01.73.41.94.31.93.74.42.52.13.23.24.26.85.73.94.16.59.48.19.5

10.317.225.835.039.137.510.523.430.636.667.685.147.977.967.565.861.785.19.1

114.241.660.353.6

107.533.240.460.7

Net investment intangible assets *

Owner-occu-pied

homes

4.27.9

10.910.414.913.412.513.714.218.217.115.114.619.618.417.119.522.023.823.122.019.426.329.827.337.850.157.447.036.950.773.995.3

109.689.683.057.896.1

129.0132.1156.8164.9171.0169.0137.9173.1172.6167.7162.6147.0146.8135.6122.4109.4100.297.3

Con-sumerdura-bles

6.79.4

10.210.914.911.48.7

10.37.0

12.78.87.93.77.77.24.58.6

11.915.120.223.221.326.926.219.625.434.340.629.127.441.551.556.850.426.327.322.450.681.895.8

111.4102.9112.6109.786.7

110.6113.8117.097.4

106.788.485.665.935.331.642.0

Non-cor-

poratebusi-nessas-

sets8

1.76.45.65.64.53.11.2.0.8

2.1.1

1.01.2.8

1.41.92.92.92.56.75.45.63.72.2.6

4.95.16.5

-4.4-3.3-3.7

5.95.2

-1.5-22.5-2.9

-18.5-40.3-11.6-11.9-23.3-29,9-37.0-40.4-29.2-25.6-29.9-53.1-52.9-25.1-23.8-25.8-41.9-48.7-45.1-41.8

Less-. Net increase indebt

Mort-gagedebton

non-farm

homes

4.04.94.84.47.16.66.47.69.0

12.311.08.89.6

12.911.412.314.116.417.217.113.512.917.218.313.626.238.844.134.738.960.791.4

109.3117.296.573.952.8

117.1136.4156.3216.8234.0230.7218.6206.4213.1208.8224.5227.9256.3221.2186.0162.1144.5161.3141.2

Con-sumercredit

3.13.73.23.24.63.33.34.11.37.03.62.6

774.02.25.98.59.5

10.15.95.1

10.89.94.6

14.019.022.79.48.0

22.936.745.140.5

2.616.916.448.981.782.558.033.550.443.114.346.939.945.839.733.614.213.4

-4.2-21.2-7.0

-26.3

Otherdebt8 "

2.22.82.82.45.53.83.42.45.05.84.73.36.76.06.16.76.69.4

10.613.312.617.017.821.621.233.047.630.156.734.145.664.088.3

118.4110.4100.3113.2127.5162.7197.6117.594.8

111.9103.160.0

105.0124.782.0

100.893.860.946.738.469.456.242.7

1 Saving by households, personal trust funds, nonprofit institutions, farms, and other noncorporate business.2 Consists of U.S. savings bonds, other U.S. Treasury securities, U.S. Government agency securities and sponsored agency securities,mortgage pool securities, and State and local obligations.3 Includes mutual fund shares.4 Corporate and foreign bonds and open-market paper.5 Private life insurance reserves, private insured and noninsured pension reserves, and government insurance and pension reserves.6 Consists of security credit, mortgages, accident and health insurance reserves, and nonlife insurance claims for households, and ofconsumer credit, equity in sponsored agencies, and nonlife insurance claims for noncorporate business.7 Purchases of physical assets less depreciation.8 Includes data for corporate farms.9 Other debt consists of security credit, U.S. Government and policy loans, and noncorporate business debt.

Source: Board of Governors of the Federal Reserve System.


TABLE B-28.—Median income (in 1990 dollars) and poverty status of families and persons, by race, selected

years, 1971-90

Year

ALL RACES

197119731975s

197719781979 4

1980198119821983 3

1984198519861987 3

19881989

1990

WHITE197119731975 3

197719781979 *

1980198119821983 3

1984... .198519861987 3

19881989

1990

BLACK197119731975 3

197719781979 4

1980198119821983 3

198419851986.1987 3.19881989

1990

Families 1

Num-ber

(mil-lions)

53.355.156.257.257.859.6

60.361.061.462.062.763.664.565.265.866.1

66.3

47.648.949.950.550.952.2

52.753.353.453.954.455.055.756.156.556.6

56.8

5.25.45.65.85.96.2

6.36.46.56.76.86.97.17.27.47.5

7.5

Medianincome

(in1990

dollars)

$33,19135,47433,32934,52835,36135,262

33,34632,19031,73832,37833,25133,68935,12935,63235,56536,062

35,353

34,44037,07634,66236,10436,82136,796

34,74333,81433,32233,90534,82735,41036,74037,26037,47037,919

36,915

20,78321,39821,32720,62521,80820,836

20,10319,07418,41719,10819,41120,39020,99321,17721,35521,301

21,423

Below poverty level

Total

Num-ber

(mil-lions)

5.34.85.55.35.35.56.26.97.57.67.37.27.07.06.96.8

7.1

3.83.23.83.53.53.6

4.24.75.15.24.95.04.84.64.54.4

4.6

1.51.51.51.61.61.7

1.82.02.22.22.12.02.02.12.12.1

2.2

Per-cent

10.08.89.79.39.19.2

10.311.212.212.311.611.410.910.710.410.3

10.7

7.96.67.77.06.96.9

8.08.89.69.79.19.18.68.17.97.8

8.1

28.828.127.128.227.527.8

28.930.833.032.330.928.728.029.428.227.8

29.3

Femalehouseholder

Num-ber

(mil-lions)

2.12.22.42.62.72.6

3.03.33.43.63.53.53.63.73.63.5

3.8

1.21.21.41.41.31.4

1.61.81.81.91.92.02.02.01.91.9

2.0

.91.01.01.21.21.2

1.31.41.51.51.51.51.51.61.61.5

1.6

Per-cent

33.932.232.531.731.430.4

32.734.636.336.034.534.034.634.233.432.2

33.4

26.524.525.924.023.522.3

25.727.427.928.327.127.428.226.926.525.4

26.8

53.552.750.151.050.649.4

49.452.956.253.751.750.550.151.149.046.5

48.1

Personsbelow

poverty level

Num-ber

(mil-lions)

25.623.025.924.724.526.1

29.331.834.435.333.733.132.432.231.731.5

33.6

17.815.117.816.416.317.2

19.721.623.524.023.022.922.221.220.720.8

22.3

7.47.47.57.77.68.1

8.69.29.79.99.58.99.09.59.49.3

9.8

Per-cent

12.511.112.311.611.411.7

13.014.015.015.214.414.013.613.413.012.8

13.5

9.98.49.78.98.79.0

10.211.112.012.111.511.411.010.410.110.0

10.7

32.531.431.331.330.631.0

32.534.235.635.733.831.331.132.431.330.7

31.9

Median income (in 1990 dollars) ofpersons 15 years old and over with

income 2

Males

Allpersons

$22,27723,71421,50721,83321,92021,205

19,87519,37218,89419,23919,62419,81320,40920,46320,89020,968

20,293

23,35524,88322,59322,86822,95922,152

21,14020,55519,97520,24020,71520,78421,53721,75122,05121,990

21,170

13,92815,05113,50713,57013,75413,713

12,70412,22311,97011,83611,88513,08012,90512,90313,30613,290

12,868

Year-round

full-timeworkers

$31,08133,75831,93232,50232,19831,467

30,41229,75229,33029,53330,19630,36630,87930,69730,20830,151

29,172

31,95534,73632,69733,16732,79532,376

31,27930,45130,11130,32231,23031,20931,74131,41331,22431,459

30,186

21,85123,41123,92422,86625,11823,333

22,00821,54521,38621,61921,31321,82922,37922,46122,88721,825

21,540

Females

Allpersons

$7,7718,2318,2238,5008,1557,835

7,8047,8487,9738,4058,6408,7669,0759,5449,815

10,144

10,070

7,9008,3108,3088,6298,2537,909

7,8477,9358,0828,5528,7418,9369,2549,788

10,05710,342

10,317

6,9227,5017,5487,4527,4317,198

7,2657,0507,1287,3087,7547,6257,8307,9958,1198,301

8,328

Year-round

full-timeworkers

$18,39819,09918,75219,01019,32618,959

18,38517,91118,50519,01219,40019,74120,08620,20820,48920,704

20,586

18,61119,42218,79619,13119,50919,124

18,56318,21018,75419,26619,59220,02020,39320,58220,79620,947

20,840

16,43316,47017,95817,88018,08217,524

17,31316,44616,76217,10317,65617,72217,84518,38318,63518,876

18,518

*The term "family" refers to a croup of two or more persons related by blood, marriage, or adoption and residing together; all suchpersons are considered members of the same family. Beginning 1979, based on householder concept and restricted to primary families.

8 Prior to 1979, data are for persons 14 years and over.3 Based on revised methodology; comparable with succeeding years.4 Based on 1980 census population controls; comparable with succeeding years.Note.—The poverty level is based on the poverty index adopted by a Federal interagency committee in 1969. That index reflected

different consumption requirements for families based on size and composition, sex and age of family householder, and farm-nonfarmresidence. Minor revisions implemented in 1981 eliminated variations in the poverty thresholds based on two of these variables, farm-nonfarm residence and sex of householder. The poverty thresholds are updated every year to reflect changes in the consumer priceindex. For further details, see "Current Population Reports," Series P-60, No. 174.

Source: Department of Commerce, Bureau of the Census.


POPULATION, EMPLOYMENT, WAGES, AND PRODUCTIVITY

TABLE B-29-—Population by age groups, 1929-90

[Thousands of persons]

July 1

1929

1933

1939

19401941194219431944

194519461947.. .19481949

19501951195219531954 .

19551956195719581959

1960 ..1961196219631964

1965 . . .19661967...19681969.. .

19701971197219731974

1975197619771978...1979

19801981198219831984

19851986 . .198719881989

1990

Total

121,767

125,579

130,880

132,122133 402134,860136 739138,397

139,928141,389144,126146,631149 188

152 271154,878157 553160,184163 026

165 931168,903171 984174,882177 830

180 671183,691186 538189,242191 889

194 303196 560198*712200 706202 677

205 052207 661209'896211 909213 854

215,973218 035220 239222 585225 055

1 227 757i 230 138i 232 5201 234,7991 237 0011 239 2791 241 6251 243,9421 246 3281 248,7811 251,523

Under 5

11,734

10,612

10,418

10,5791085011,3011201612,524

12,97913,2441440614,91915607

1641017,3331731217,63818057

1856619003194941988720 175

2034120522204692034220165

1982419 2081856317*91317376

17 1661724417*1011685116487

16,12115617155641573516063

1645816931172981765117830

1800418 154182671843718759

19155

5-15

26,800

26,897

25,179

24,8112451624,2312409323949

2390724,1032446825,20925852

2672127279288943022731480

3268233*994352723644537368

3849439765412054162642297

4293843*70244*24444*62244*840

4481644*591442034358242989

42508420994129840*42839*552

3884338*19037 8763766937656

3769237706376873800838441

39083

16-19

9,127

9,302

9,822

9,89598409,73096079561

93619,11990978,9528788

8542844684148*4608637

874489169 195954310215

106831102511*18012*00712 736

13 51614 311142001445214800

1528915688160391644616769

1701717 194172761728817 242

17 1601677116 2551570415 141

1481914802149581489414*570

14097

Age (years)

20-24

10,694

11,152

11519

11,6901180711,9551206412062

1203612,0041181411,79411700

11680115521135011*06210832

1071410616106031075610969

11 1341148311*9591271413269

1374614 050152481578616480

1720218 15918 1531852118975

1952719986204992094621 297

21 58421*82121 80721*70021 536

2121420*608199821937218885

18673

25-44

35,862

37,319

39,354

39,8684038340,8614142042,016

42,52143,0274365744,28844916

4567246103464954678647001

47 194473794744047*33747 192

47 140470844701346*99446958

4691247 00147 19447*72148064

48473489365048251*74953051

54302558525756159*40061*379

6349465620678566997172048

7407776 124778977922580635

81942

45-64

21,076

22,933

25,823

26,2492671827,1962767128,138

28,63029,0642949829,93130405

3084931362318843239432942

3350634057345913510935663

3620336722372553778238338

389163953440*1934084641437

4199942482428984323543522

43,8014400844 1504428644390

4451544570446024467944818

449344505845 3104600746503

46980

65 andover

6,474

7,363

8,764

9,03192889,584986710,147

10,49410,8281118511,53811921

1239712,8031320313,61714076

1452514,9381538815,80616248

1667517,0891745717,77818127

18451187551907119,36519680

20107205612102021,52522061

22,69623,278238922450225 134

2570426235268252742627971

2854029 174298413038430988

31592

1 Based on 1980 census of population. Total populations for July 1 based on 1990 census for 1980-1991 are: 227,722; 229,958;232,192; 234,321; 236,370; 238,492; 240,680; 242,836; 245,057; 247,343; 249,975; and 252,626, respectively. Data for age groupsconsistent with these figures are not yet available.

Note.—Includes Armed Forces overseas beginning 1940. Includes Alaska and Hawaii beginning 1950.Source: Department of Commerce, Bureau of the Census.


TABLE B-30.—Population and the labor force, 1929-91

[Monthly data seasonally adjusted, except as noted]

Year or month

192919331939

19401941194219431944

194519461947

194719481949

1950195119521953 61954.19551956195719581959I9606

19611962 6196319641965196619671968 ...19691970197119726197361974197519761977197861979.1980198119821983198419851986 61987.1988198919901991

Civiliannoninsti-tutionalpopula-tion1

Resi-dentArmedForces l

Laborforceinclud-ing

residentArmedForces

Employ-mentinclud-ing

residentArmedForces

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-

culfural

Un-em-Ploy-ment

Thousands of persons 14 years of age and over

99,8409990098,64094,64093,22094,090103,070106,018

49,18051,59055,23055,64055,91056,41055,54054,63053,86057,52060,168

47,63038,76045,75047,52050,35053,75054,47053,96052,82055,25057,812

10,45010,0909,6109,5409,1009,2509,0808,9508,5808,3208,256

37,18028,67036,14037,98041,25044,50045,39045,01044,24046,93049,557

1,55012,8309,480

8,1205,5602,6601,070670

1,0402,2702,356


101,827103,068103,994104,995104,621105,231107,056108,321109,683110,954112,265113,727115,329117,245118,771120,153122,416124,485126,513128,058129,874132,028134,335137,085140,216144,126147,096150,120153,153156,150159,033161,910164,863167,745170,130172,271174,215176,383178,206180,587182,753184,613186,393188,049189,765

1,1692,1432,3862,2312,1422,0641,9651,9481,8471,7881,8611,9002,0612,0062,0181,9462,1222,2182,2532,2382,1181,9731,8131,7741,7211,6781,6681,6561,6311,5971,6041,6451,6681,6761,6971,7061,7061,7371,7091,6881,6371,564

63,37764,16064,52465,24665,78567,08768,51768,87769,48670,15771,48972,35972,67573,83975,10976,40177,89279,56580,99082,97284,88986,35588,84791,20393,67095,45397,826100,665103,882106,559108,544110,315111,872113,226115,241117,167119,540121,602123,378125,557126,424126,867

60,08762,10462,63663,41062,25164,23465,76466,01964,88366,41867,63967,64668,76369,76871,32373,03475,01776,59078,17380,14080,79681,34083,96686,83888,51587,52490,42093,67397,679100,421100,907102,042101,194102,510106,702108,856111,303114,177116,677119,030119,550118,440

59,35060,62161,28662,20862,01762,13863,01563,64365,02366,55266,92967,63968,36969,62870,45970,61471,83373,09174,45575,77077,34778,73780,73482,77184,38287,03489,42991,94993,77596,15899,009102,251104,962

106,940108,670110,204111,550113,544115,461117,834119,865121,669123,869124,787125,303

57,03858,34357,65158,91859,96160,25061,17960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526100,834105,005107,150109,597112,440114,968117,342117,914116,877

7,8907,6297,6587,1606,7266,5006,2606,2056,4506,2835,9475,5865,5655,4585,2004,9444,6874,5234,3613,9793,8443,8173,6063,4633,3943,4843,4703,5153,4083,3313,2833,3873,3473,3643,3683,4013,3833,3213,1793,1633,2083,1693,1993,1863,233

49,14850,71449,99351,75853,23553,74954,91953,90455,72257,51458,12357,45059,06560,31860,54661,75963,07664,78266,72668,91570,52772,10374,29675,21575,97278,66981,59483,27982,43885,42188,73492,66195,47795,93897,03096,12597,450101,685103,971106,434109,232111,800114,142114,728113,644

2,3112,2763,6373,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5286,8748,426

Unemploy-ment rate

Allwork-ers2

Civil-ian

work-ers8

Civil-ianlaborforce

tici-pationrate4

Civil-ianem-ploy-ment/pop-ula-tionratio6

Percent

=

5.23.22.92.85.44.34.04.26.65.35.46.55.45.55.04.43.73.73.53.44.85.85.54.85.58.37.66.96.05.87.07.59.59.57.47.16.96.15.45.25.46.6

3224.917.214.69.94.71.91.21.93.93.9

3.93.85.95.33.33.02.95.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.56.7

55.756.057.258.758.657.255.856.8

58.358.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.466.0

47.650.454.557.657.956.153.654.5

56.056.655.456.157.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.761.6

1 Not seasonally adjusted.2 Unemployed as percent of labor force including resident Armed Forces.3 Unemployed as percent of civilian labor force.4 Civilian labor force as percent of civilian noninstitutional population.5 Civilian employment as percent of civilian noninstitutional population.See next page for continuation of table.


TABLE B-30.—Population and the labor force, 1929-91—Continued

[Monthly data seasonally adjusted, except as noted]

Year or month

1988: JanFebMarAprMayJune

JulyAugSeptOctNovDec

1989: JanFebMar

May"!!"!.'""June






Civiliannoninsti-tutionalpopula-tion1

Resi-dent

ArmedForces l

Laborforce

includ-

residentArmedForces

Employ-ment

includingresidentArmedForces

Civilian labor force

Total

Employment

TotalAgri-cul-tural

Non-

cultural

Un-em-ploy-ment


183,822183,969184,111184,232184,374184,562

184,729184,830184,962185,114185,244185,402

185,644185,777185,897186,024186,181186,329

186,483186,598186,726186,871187,017187,165

187,293187,412187,529187,669187,828187,977

188,136188,261188,401188,525188,697188,866

188,977189,115189,243189,380189,522189,668

189,839189,973190,122190,289190,452190,605

1,7491,7361,7361,7321,7141,6851,6731,6921,7041,6871,7051,696

1,6961,6841,6841,6841,6731,6661,6661,6881,7021,7091,7041,7001,6971,6781,6691,6571,6391,6301,6271,6401,6011,5701,6151,6171,6151,6021,4601,4561,4581,5051,6041,6161,6241,6141,6051,604

122,749122,894122,656122,989122,801123,197

123,356123,812123,672123,871124,236124,304

125,100124,830124,916125,239125,180125,710

125,674125,838125,651125,893126,244126,204

126,283126,325126,441126,432126,602126,371

126,350126,469126,504126,423126,358126,761

126,355126,669126,710127,100126,717127,029

126,808126,620127,214127,122126,979127,223

115,798115,980115,789116,391116,014116,637

116,735116,967117,060117,305117,703117,797

118,429118,485118,727118,777118,809119,105

119,140119,323119,041119,252119,534119,563

119,704119,758119,975119,747120,013119,897

119,575119,425119,364119,201118,888119,093

118,592118,539118,294118,844118,188118,414

118,333118,100118,713118,481118,377118,332

121,000121,158120,920121,257121,087121,512

121,683122,120121,968122,184122,531122,608

123,404123,146123,232123,555123,507124,044

124,008124,150123,949124,184124,540124,504

124,586124,647124,772124,775124,963124,741

124,723124,829124,903124,853124,743125,144

124,740125,067125,250125,644125,259125,524

125,204125,004125,590125,508125,374125,619

114,049114,244114,053114,659114,300114,952

115,062115,275115,356115,618115,998116,101

116,733116,801117,043117,093117,136117,439

117,474117,635117,339117,543117,830117,863

118,007118,080118,306118,090118,374118,267

117,948117,785117,763117,631117,273117,476

116,977116,937116,834117,388116,730116,909

116,729116,484117,089116,867116,772116,728

3,2513,2073,1733,2273,1203,1113,0593,1163,1633,2253,2393,198

3,2993,2393,2003,1623,1223,075

3,2213,2723,2193,2063,1393,209

3,1693,1283,2223,1663,2793,263

3,1003,1363,1753,1823,1593,284

3,1943,2373,1243,1873,2563,2863,2443,2543,2833,2043,2723,183

110,798111,037110,880111,432111,180111,841

112,003112,159112,193112,393112,759112,903

113,434113,562113,843113,931114,014114,364

114,253114,363114,120114,337114,691114,654

114,838114,952115,084114,924115,095115,004

114,848114,649114,588114,449114,114114,192

113,783113,700113,710114,201113,474113,623

113,485113,230113,806113,663113,500113,545

6,9516,9146,8676,5986,7876,560

6,6216,8456,6126,5666,5336,507

6,6716,3456,1896,4626,3716,605

6,5346,5156,6106,6416,7106,641

6,5796,5676,4666,6856,5896,474

6,7757,0447,1407,2227,4707,668

7,7638,1308,4168,2568,5298,6158,4758,5208,5018,6418,6028,891

Unemploy-ment rate

Allwork-ers2

Civil-ian

work-ers3

Civil-ian

laborforce

£pationrate*

Civil-ianem-ploy-

ment/pop-ula-tion

ratio8

Percent

5.75.65.65.45.55.35.45.55.35.35.35.2

5.35.15.05.25.15.35.25.25.35.35.35.35.25.25.15.35'.25.15.45.65.65.75.96.06.16.46.66.56.76.86.76.76.76.86.87.0

5.75.75.75.45.65.45.45.65.45.45.35.35.45.25.05.25.25.3

5.35.25.35.35.45.35.35.35.25.45.35.25.45.65.75.86.06.16.26.56.76.66.86.96.86.86.86.96.97.1

65.865.965.765.865.765.865.966.165.966.066.166.1

66.566.366.366.466.366.666.566.566.466.566.666.566.566.566.566.566.566.4

66.366.366.366.266.166.366.066.166.266.366.166.266.065.866.166.065.865.9

62.062.161.962.262.062.362.362.462.462.562.662.662.962.963.062.962.963.063.063.062.862.963.063.063.063.063.162.963.063.062.762.662.562.462.162.261.961.861.762.061.661.661.561.361.661.461.361.2

6 Not strictly comparable with earlier data due to population adjustments as follows: Beginning 1953, introduction of 1950 censusdata added about 600,000 to population and 350,000 to labor force, total employment, and agricultural employment. Beginning 1960,inclusion of Alaska and Hawaii added about 500,000 to population, 300,000 to labor force, and 240,000 to nonagricultural employment.Beginning 1962, introduction of 1960 census data reduced population by about 50,000 and labor force and employment by 200,000.Beginning 1972, introduction of 1970 census data added about 800,000 to civilian noninstitutional population and 333,000 to laborforce and employment. A subsequent adjustment based on 1970 census in March 1973 added 60,000 to labor force and to employment.Beginning 1978, changes in sampling and estimation procedures introduced into the household survey added about 250,000 to laborforce and to employment. Unemployment levels and rates were not significantly affected. Beginning 1986, the introduction of revisedpopulation controls added about 400,000 to the civilian population and labor force and 350,000 to civilian employment. Unemploymentlevels and rates were not significantly affected.

Note.—Labor force data in Tables B-30 through B-39 are based on household interviews and relate to the calendar week includingthe 12th of the month. For definitions of terms, area samples used, historical comparability of the data, comparability with other series,etc., see "Employment and Earnings."

Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-31.—Civilian employment and unemployment by sex and age, 1947-91

[Thousands of persons 16 years of age and over; monthly data seasonally adjusted]

Year or month

194719481949195019511952. .1953195419551956195719581959 . .1960196119621963196419651966 .1967196819691970197119721973....197419751976197719781979.1980198119821983 .198419851986198719881989199019911990- Jan

FebMarApr«£yJuneJulyAugSeptOctNovDec

1991: JanFebMarAprMayJuneJulyAugSeptOctNovDec

Civilian employment

Total

57,03858,34357,65158,91859,96160,25061,17960,10962,17063,79964,07163,03664,63065,77865,74666,70267,76269,30571,08872,89574,37275,92077,90278,67879,36782,15385,06486,79485,84688,75292,01796,04898,82499,303100,39799,526100,834105,005107,150109,597112,440114,968117,342117,914116,877118,007118,080118,306118,090118,374118,267117,948117,785117,763117,631117,273117,476116,977116,937116,834117,388116,730116,909116,729116,484117,089116,867116,772116,728

Males

Total

40,99541,72540,92541,57841,78041,68242,43041,61942,62143,37943,35742,42343,46643,90443,65644,17744,65745,47446,34046,91947,47948,11448,81848,99049,39050,89652,34953,02451,85753,13854,72856,47957,60757,18657,39756,27156,78759,09159,89160,89262,10763,27364,31564,43563,59364,52564,60064,65364,57364,64864,57364,33764,26564,33364,30564,19264,22263,81963,61163,56363,83663,52863,51463,42763,37863,76763,59763,57263,426

16-19years

2,2182,3442,1242,1862,1562,1072,1361,9852,0952,1642,1152,0122,1982,3612,3152,3622,4062,5872,9183,2533,1863,2553,4303,4093,4783,7654,0394,1033,8393,9474,1744,3364,3004,0853,8153,3793,3003,3223,3283,3233,3813,4923,4773,2372,8793,4213,3953,3933,3763,3203,2403,1533,0683,1603,1343,0943,1263,0513,0382,9662,8892,8902,8232,7562,7732,9242,8512,8082,754

20yearsandover

38,77639,38238,80339,39439,62639,57840,29639,63440,52641,21641,23940,41141,26741,54341,34241,81542,25142,88643,42243,66844,29444,85945,38845,58145,91247,13048,31048,92248,01849,19050,55552,14353,30853,10153,58252,89153,48755,76956,56257,56958,72659,78160,83761,19860,71461,10461,20561,26061,19761,32861,33361,18461,19761,17361,17161,09861,09660,76860,57360,59760,94760,63860,69160,67160,60560,84360,74660,76460,672

Females

Total

16,04516,61716,72317,34018,18118,56818,74918,49019,55120,41920,71420,61321,16421,87422,09022,52523,10523,83124,74825,97626,89327,80729,08429,68829,97631,25732,71533,76933,98935,61537,28939,56941,21742,11743,00043,25644,04745,91547,25948,70650,33451,69653,02753,47953,28453,48253,48053,65353,51753,72653,69453,61153,52053,43053,32653,08153,25453,15853,32653,27153.55253,20253,39553,30253,10653,32253,27053,20053,302

16-19years

1,6911,6821,5881,5171,6111,6121,5841,4901,5471,6541,6631,5701,6401,7681,7931,8331,8491,9292,1182,4682,4962,5262,6872,7352,7302,9803,2313,3453,2633,3893,5143,7343,7833,6253,4113,1703,0433,1223,1053,1493,2603,3133,2823,0242,7493,1923,1363,2333,1003,0683,0633,0212,8952,9852,9062,8462,8582,8302,8882,8632,8632,7782,7562,6212,5642,6832,7062,7262,689

20yearsandover

14,35414,93615,13715,82416,57016,95817,16417,00018,00218,76719,05219,04319,52420,10520,29620,69321,25721,90322,63023,51024,39725,28126,39726,95227,24628,27629,48430,42430,72632,22633,77535,83637,43438,49239,59040,08641,00442,79344,15445,55647,07448,38349,74550,45550,53550,29050,34450,42050,41750,65850,63150,59050,62550,44550,42050,23550,39650,32850,43850,40850,68950,42450,63950,68150,54250,63950,56450,47450,613

Unemployment

Total

2,3112,2763,6373,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5286,8748,4266,5796,5676,4666,6856,5896,4746,7757,0447,1407,2227,4707,6687,7638,1308,4168,2568,5298,6158,4758,5208,5018,6418,6028,891

Males

Total

1,6921,5592,5722,2391,2211,1851,2022,3441,8541,7111,8413,0982,4202,4862,9972,4232,4722,2051,9141,5511,5081,4191,4032,2382,7892,6592,2752,7144,4424,0363,6673,1423,1204,2674,5776,1796,2604,7444,5214,5304,1013,6553,5253,7994,8173,6303,5533,4973,6573,6273,5943,7523,9043,9564,0414,2064,3464,3374,6844,8584,7304,8954,9664,9524,8914,9554,8944,8454,990

16-19years

270256353318191205184310274269300416398426479408501487479432448426440599693711653757966939874813811913962

1,0901,003812806779732667658629709632620588631613581610656641650654674689674752695752751727680712679695700

20yearsandover

1,4221,3052,2191,9221,029980

1,0192,0351,5801,4421,5412,6812,0222,0602,5182,0161,9711,7181,4351,1201,060993963

1,6382,0971,9481,6241,9573,4763,0982,7942,3282,3083,3533,6155,0895,2573,9323,7153,7513,3692,9872,8673,1704,1092,9982,9332,9093,0263,0143,0133,1423,2483,3153,3913,5523,6723,6484,0104,1064,0354,1434,2154,2254,2114,2434,2154,1504,290

Females

Total

619717

1,0651,049834698632

1,188998

1,0391,0181,5041,3201,3661,7171,4881,5981,5811,4521,3241,4681,3971,4291,8552,2272,2222,0892,4413,4863,3693,3243,0613,0183,3703,6964,4994,4573,7943,7913,7073,3243,0463,0033,0753,6092,9493,0142,9693,0282,9622,8803,0233,1403,1843,1813,2643,3223,4263,4463,5583,5263,6343,6493,5233,6293,5463,7473,7573,901

16-19years

144153223195145140123191176209197262256286349313383385395405391412413506568598583665802780789769743755800886825687661675616558536519581502531528503532498503526510532539530616566570585566560605570535615576605

20yearsandover

475564841854689559510997823832821

1,2421,0631,0801,3681,1751,2161,1951,056921

1,078985

1,0151,3491,6581,6251,5071,7772,6842,5882,5352,2922,2762,6152,8953,6133,6323,1073,1293,0322,7092,4872,4672,5553,0282,4472,4832,4412,5252,4302,3822,5202,6142,6742,6492,7252,7922,8102,8802,9882,9413,0683,0892,9183,0593,0113,1323,1813,296

Note.—See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-32.—Civilian employment by demographic characteristic, 1954-91


Year ormonth

195419551956195719581959

I960196119621963196419651966..196719681969

1970197119721973197419751976197719781979

19801981.. .198219831984....19851986198719881989

19901991





Allcivilianworkers

60,10962,17063,79964,07163,03664,630

65,77865,74666,70267,76269,30571,08872,89574,37275,92077,902

78,67879,36782,15385,06486,79485,84688,75292,01796,04898,824

99,303100,39799,526100,834105,005107,150109,597112,440114,968117,342

117,914116,877

118,007118,080118,306118,090118,374118,267

117,948117,785117,763117,631117,273117,476

116,977116,937116,834117,388116,730116,909

116,729116,484117,089116,867116,772116,728

White

Total

53,95755,83357,26957,46556,61358,006

58,85058,91359,69860,62261,92263,44665,02166,36167,75069,518

70,21770,87873,37075,70877,18476,41178,85381,70084,93687,259

87,71588,70987,90388,89392,12093,73695,66097,78999,812101,584

102,087101,039

102,191102,163102,333102,108102,368102,352

102,215102,099102,082101,877101,517101,704

101,204101,184101,027101,504101,033101,050

100,792100,716101,053101,067100,977100,828

Males

37,84638,71939,36839,34938,59139,494

39,75539,58840,01640,42841,11541,84442,33142,83343,41144,048

44,17844,59545,94447,08547,67446,69747,77549,15050,54451,452

51,12751,31550,28750,62152,46253,04653,78554,64755,55056,352

56,43255,557

56,60856,59056,64456,49456,53756,506

56,39556,34456,36856,31056,20056,151

55,80055,59555,53355,79355,61655,470

55,40755,40355,61255,53055,53055,364

Fe-males

16,11117,11417,90118,11618,02218,512

19,09519,32519,68220,19420,80721,60222,69023,52824,33925,470

26,03926,28327,42628,62329,51129,71431,07832,55034,39235,807

36,58737,39437,61538,27239,65940,69041,87643,14244,26245,232

45,65445,482

45,58345,57345,68945,61445,83145,846

45,82045,75545,71445,56745,31745,553

45,40445,58945,49445,71145,41745,580

45,38545,31345,44145,53745,44745,464

Bothsexes16-19

3,0783,2253,3893,3743,2163,475

3,7003,6933,7743,8514,0764,5625,1765,1145,1955,508

5,5715,6706,1736,6236,7966,4876,7247,0687,3677,356

7,0216,5885,9845,7995,8365,7685,7925,8986,0305,946

5,5184,989

5,7685,7205,7855,6785,6255,565

5,4495,2995,4045,3355,2695,317

5,2305,2655,1315,1024,9974,921

4,7124,7854,9734,9594,9284,856

Black and other

Total

6,1526,3416,5346,6046,4236,623

6,9286,8337,0037,1407,3837,6437,8778,0118,1698,384

8,4648,4888,7839,3569,6109,4359,89910,31711,11211,565

11,58811,68811,62411,94112,88513,41413,93714,65215,15615,757

15,82715,838

15,82415,93115,97615,98816,00115,877

15,66715,72015,63415,78215,77315,764

15,78315,76715,82815,88815,68115,832

- 15,90215,82316,00415,83615,81315,909

Males

3,7733,9044,0134,0063,8333,971

4,1494,0684,1604,2294,3594,4964,5884,6464,7024,770

4,8134,7964,9525,2655,3525,1615,3635,5795,9366,156

6,0596,0835,9836,1666,6296,8457,1077,4597,7227,963

8,0038,036

7,9168,0168,0328,0708,0948,022

7,9587,9457,9007,9988,0268,052

8,0268,0218,0638,0387,8928,015

8,0538,0158,0928,0808,0738,066

Fe-males

2,3792,4372,5212,5982,5902,652

2,7792,7652,8432,9113,0243,1473,2893,3653,4673,614

3,6503,6923,8324,0924,2584,2754,5364,7395,1775,409

5,5295,6065,6415,7756,2566,5696,8307,1927,4347,795

7,8257,802

7,9087,9157,9447,9187,9077,855

7,7097,7757,7347,7847,7477,712

7,7577,7467,7657,8507,7897,817

7,8497,8087,9127,7567,7407,843

Bothsexes16-19

396418430407365362

430414420404440474545568584609

574538573647652615611619703727

689637565543607666681742774813

743639

855806813807755737

691685707704689668

678662677661661659

649588606604629604

Black

Total

7,8028,1288,2037,8948,2278,5409,1029,359

9,3139,3559,1899,37510,11910,50110,81411,30911,65811,953

11,96611,863

11,98012,03412,07512,09512,15212,056

11,88011,85311,84511,92111,89711,821

11,86811,84511,90911,93911,74811,851

11,90311,81412,04311,83411,77911,841

Males

4,3684,5274,5274,2754,4044,5654,7964,923

4,7984,7944,6374,7535,1245,2705,4285,6615,8245,928

5,9155,880

5,8615,9225,9285,9485,9705,970

5,8945,8705,8725,9105,9165,911

5,8695,8865,9125,8925,7425,857

5,8805,8375,9535,9165,9065,906

Fe-males

3,4333,6013,6773,6183,8233,9754,3074,436

4,5154,5614,5524,6224,9955,2315,3865,6485,8346,025

6,0515,983

6,1196,1126,1476,1476,1826,086

5,9865,9835,9736,0115,9815,910

5,9995,9595,9976,0476,0065,994

6,0235,9776,0905,9185,8735,935

Bothsexes16-19

509570554507508508571579

547505428416474532536587601625

573474

667609630627585558

531522552554540502

518498505490495486

474418465445456446



TABLE B-33.—Unemployment by demographic characteristic, 1954-91


Year ormonth

195419551956195719581959

196019611962196319641965..1966196719681969

1970197119721973197419751976197719781979

19801981198219831984.19851986198719881989

19901991

1990: JanFebMar

May"!!"June



{u'yAugSeptOctNovDec

Allcivilianworkers

3,5322,8522,7502,8594,6023,740

3,8524,7143,9114,0703,7863,3662,8752,9752,8172,832

4,0935,0164,8824,3655,1567,9297,4066,9916,2026,137

7,6378,27310,67810,7178,5398,3128,2377,4256,7016,528

6,8748,426

6,5796,5676,4666,6856,5896,474

6,7757,0447,1407,2227,4707,668

7,7638,1308,4168,2568,5298,615

8,4758,5208,5018,6418,6028,891

White

Total

2,8592,2522,1592,2893,6802,946

3,0653,7433,0523,2082,9992,6912,2552,3382,2262,260

3,3394,0853,9063,4424,0976,4215,9145,4414,6984,664

5,8846,3438,2418,1286,3726,1916,1405,5014,9444,770

5,0916,447

4,8714,9054,8255,0054,8914,794

4,9645,1915,2545,3445,4895,694

5,9096,2156,4976,2226,4866,608

6,5906,5046,5406,5656,6226,818

Males

1,9131,4781,3661,4772,4891,9031,9882,3981,9151,9761,7791,5561,2411,2081,1421,137

1,8572,3092,1731,8362,1693,6273,2582,8832,4112,405

3,3453,5804,8464,8593,6003,4263,4333,1322,7662,636

2,8663,775

2,7202,7092,6712,7972,7512,684

2,7912,9362,9433,0303,1443,315

3,3913,6653,8523,6453,7863,860

3,9323,8183,9403,8453,8333,890

Fe-males

946774793812

1,1911,043

1,0771,3451,1371,2321,2201,1351,0141,1301,0841,123

1,4821,7771,7331,6061,9272,7942,6562,5582,2872,260

2,5402,7623,3953,2702,7722,7652,7082,3692,1772,135

2,2252,672

2,1512,1962,1542,2082,1402,110

2,1732,2552,3112,3142,3452,379

2,5182,5502,6452,5772,7002,748

2,6582,6862,6002,7202,7892,928

Bothsexes16-19

423373382401541525

575669580708708705651635644660

8711,0111,021955

1,1041,4131,3641,2841,1891,193

1,2911,3741,5341,3871,1161,0741,070995910863

856977

852873854854851772

829880890885864879

988914984950

1,0221,013

1,035926923969987

1,016

Black and other

Total

673601591570923793

788971861863787678622638590571

754930977924

1,0581,5071,4921,5501,5051,473

1,7521,9302,4372,5882,1672,1212,0971,9241,7571,757

1,7831,979

1,7641,6551,6721,6371,6681,671

1,8061,8321,9051,8661,9641,964

1,9151,8951,9611,9872,0072,002

1,8901,9851,9952,0651,9622,068

Males

431376345364610517

498599509496426360310300277267

380481486440544815779784731714

922997

1,3341,4011,1441,0951,097969888889

9331,043

963846866840849886

958944

1,028988

1,0471,014

1,0071,0201,0491,0621,0761,079

1,0221,0491,0451,023994

1,080

Fe-males

242225246206313276

290372352367361318312338313304

374450491484514692713766774759

830933

1,1041,1871,0221,026999955869868

850936

801809806797819785

848888877878917950

908875912925931923

868936950

1,042968988

Bothsexes16-19

79779596138128

138159142176165171186203194193

235249288280318355355379394362

377388443441384394383353316331

292313

283272272269289291

288302272302332325

319323343319293283

303319335331288291

Black

Total

906846965

1,3691,3341,3931,3301,319

1,5531,7312,1422,2721,9141,8641,8401,6841,5471,544

1,5271,679

1,5361,4491,4481,4221,4281,412

1,5231,5681,6341,5881,6611,665

1,6341,5991,6761,7051,7211,725

1,6111,6741,6881,7361,6471,718

Males

448395494741698698641636

815891

1,1671,2131,003951946826771773

793874

832725740723718728

807813876849879851

855858883908912926

863871884841814871

Fe-males

458451470629637695690683

738840975

1,059911913894858776772

734805

704724708699710684

716755758739782814

779741793797809799

748803804895833847

Bothsexes16-19

279262297330330354360333

343357396392353357347312288300

258270

250247242235256257

251274240260297287

283273303283257250

252265292284247251



TABLE B-34.—Labor force participation rate and employment/population ratio, 1948-91

[Percent; monthly data seasonally adjusted]

Year or month

19481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970...19711972197319741975197619771978197919801981.. .198219831984198519861987....1988198919901991.. .1990: Jan

FebMar

May'"""'.!JuneJulyAugSeptOctNovDec

1991: JanFebMar

fc=JuneJulyAugSeptOctNovDec

Labor force participation rate

Total1

59.760.160.059.759.660.060.760.360.159.960.060.059.559.359.459.559.860.260.360.861.060.760.961.361.761.662.062.663.564.064.164.264.364.464.765.165.665.966.266.866.666.366.866.866.866.866.866.666.666.666.666.566.466.566.366.466.466.666.466.466.266.166.366.266.166.2

Civilian2

Total

58.858.959.259.259.058.958.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.466.066.566.566.566.566.566.466.366.366.366.266.166.366.066.166.266.366.166.266.065.866.166.065.865.9

Males

86.686.486.486.386.386.085.585.485.584.884.283.783.382.982.081.481.080.780.480.480.179.879.779.178.978.878.777.977.577.777.977.877.477.076.676.476.476.376.376.276.276.476.175.576.476.376.376.376.276.175.975.976.076.076.076.175.675.775.875.975.775.775.575.375.775.475.275.2

Fe-males

32.733.133.934.634.734.434.635.736.936.937.137.137.738.137.938.338.739.340.341.141.642.743.343.443.944.745.746.347.348.450.050.951.552.152.652.953.654.555.356.056.657.457.557.357.657.657.757.657.757.557.557.557.457.357.157.357.257.457.457.657.357.557.357.157.257.357.257.4

Bothsexes16-19years

52.552.251.852.251.350.248.348.950.949.647.446.747.546.946.145.244.545.748.248.448.349.449.949.751.953.754.854.054.556.057.857.956.755.454.153.553.954.554.754.755.355.953.751.755.254.855.654.954.553.552.952.153.352.952.352.853.053.053.052.352.051.550.449.551.551.751.451.1

White

58.258.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.460.861.461.561.862.563.363.964.164.364.364.364.665.065.565.866.266.766.866.666.966.966.966.966.966.866.866.866.866.766.566.766.566.766.766.866.666.766.566.366.566.566.466.4

Blackand

other

64.064.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.260.560.359.659.860.462.262.261.761.361.662.162.663.363.764.364.064.763.763.164.364.264.364.164.163.663.263.363.263.563.763.563.363.063.463.662.863.262.962.963.462.962.462.9

Black

.._.

60.259.858.859.059.861.561.461.060.861.061.562.262.963.363.863.864.263.362.663.963.663.863.763.963.362.962.963.163.263.362.962.962.563.163.362.462.962.562.363.362.561.762.3

Employment/population ratio

Total8

56.658.258.258.056.457.558.257.856.156.756.856.156.356.156.456.957.658.058.258.758.057.257.558.358.356.557.358.359.760.359.659.458.258.359.960.561.161.962.663.363.061.963.363.363.463.263.363.263.062.962.862.762.562.562.262.262.062.361.961.961.861.661.961.761.661.6

Civilian 4

Total

56.655.456.157.357.357.155.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.761.663.063.063.162.963.062.962.762.662.562.462.162.261.961.861.762.061.661.661.561.361.661.461.361.2

Mates

83.581.382.084.083.983.681.081.882.381.378.579.378.977.677.777.177.377.577.978.077.877.676.274.975.075.574.971.772.072.873.873.872.071.369.068.870.770.971.071.572.072.571.970.272.372.372.372.272.272.171.771.671.671.571.371.370.870.570.470.770.370.270.069.970.370.069.969.7

Fe-males

31.331.232.033.133.433.332.534.035.135.134.535.035.535.435.635.836.337.138.339.039.640.740.840.441.042.042.642.043.244.546.447.547.748.047.748.049.550.451.452.553.454.354.353.754.554.554.754.554.754.654.554.354.254.153.853.953.853.953.854.153.753.853.753.553.753.653.553.5

Bothsexes16-19years

47.745.245.547.946.946.442.343.545.343.939.939.940.539.139.437.437.338.942.142.242.243.442.341.343.545.946.043.344.246.148.348.546.644.641.541.543.744.444.645.546.847.545.442.147.146.647.646.846.245.744.943.544.944.243.543.943.343.843.242.742.241.740.440.142.241.941.841.2

White

55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.662.663.963.863.963.763.963.863.763.663.563.463.163.262.962.862.762.962.662.662.462.362.562.462.462.2

Blackand

other

58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.155.054.351.452.052.554.755.253.652.650.951.053.654.755.456.857.458.257.356.157.858.158.258.158.157.556.656.756.356.856.656.556.456.356.456.555.756.156.255.956.455.755.555.7

Black

""53J54.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.254.956.656.856.957.057.256.655.755.655.555.755.555.155.355.155.355.454.554.955.054.655.554.554.254.4

1 Labor force including resident Armed Forces as percent of noninstitutional population including resident Armed Forces.2 Civilian labor force as percent of civilian noninstitutional population in group specified.3 Employment including resident Armed Forces as percent of noninstitutional population including resident Armed Forces.4 Civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-35.—Civilian labor force participation rate by demographic characteristic, 1954-91

[Percent;1 monthly data seasonally adjusted]

Year or month

1954 . ..195519561957195819591960196119621963196419651966196719681969197019711972

19721973197419751976197719781979198019811982198319841985198619871988198919901991 .1990: Jan

FebMar

May!!!!""!"JuneJulyAugSeptOctNovDec

1991: JanFebMar

fc: ::JuneJulyAugSeptOctNovDec

Allcivil-ian

work-ers

58.859.360.059.659.559.359.459.358.858.758.758.959.259.659.660.160.460.260.4

60.460.861.361.261.662.363.263.763.863.964.064.064.464.865.365.665.966.566.466.066.566.566.566.566.566.466.366.366.366.266.166.366.066.166.266.366.166.266.065.866.166.065.865.9

White

Total

58.258.759.459.158.958.758.858.858.358.258.258.458.759.259.359.960.260.160.4

60.460.861.461.561.862.563.363.964.164.364.364.364.665.065.565.866.266.766.866.666.966.966.966.966.966.866.866.866.866.766.566.766.566.766.766.866.666.766.566.366.566.566.466.4

Males

Total

85.685.485.684.884.383.883.483.082.181.581.180.880.680.680.480.280.079.679.6

79.679.479.478.778.478.578.678.678.277.977.477.177.177.076.976.876.977.176.976.477.277.277.177.177.076.876.776.876.876.876.876.976.576.576.676.676.576.476.476.276.576.276.276.0

16-19years

57.658.660.459.256.555.955.954.553.853.152.754.155.956.355.956.857.557.960.1

60.162.062.961.962.364.065.064.863.762.460.059.459.059.759.359.060.061.059.457.260.660.360.361.159.958.958.657.959.059.058.459.259.158.958.756.657.956.856.055.357.656.956.956.2

20yearsandover

87.887.587.686.986.686.386.085.784.984.484.283.983.683.583.283.082.882.382.0

82.081.681.480.780.380.280.180.179.879.579.278.978.778.578.578.478.378.578.377.878.678.578.578.378.378.278.278.378.278.278.278.277.877.878.078.278.077.977.977.777.977.777.677.4

Females

Total

33.334.535.735.735.836.036.536.936.737.237.538.139.240.140.741.842.642.643.2

43.244.145.245.946.948.049.450.551.251.952.452.753.354.155.055.756.457.257.557.457.457.457.557.557.657.657.657.657.657.457.157.457.357.657.557.757.457.757.357.257.257.557.457.6

16-19years

40.640.743.142.240.139.640.340.639.838.737.839.242.642.543.044.645.645.448.1

48.150.151.751.552.854.556.757.456.255.455.054.555.455.256.356.557.257.155.454.356.556.757.955.856.255.254.854.055.454.553.754.455.355.454.756.154.454.351.852.053.354.854.754.8

20yearsandover

32.734.035.135.235.535.636.236.636.537.037.538.038.839.840.441.542.242.342.7

42.743.544.445.346.247.348.749.850.651.552.252.553.154.054.955.656.357.257.657.757.557.557.557.657.757.757.857.857.757.657.357.657.557.757.757.857.757.957.757.657.557.657.657.8

Black and other or black

Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20

Wover

Black and other

64.064.264.964.464.864.364.564.163.263.063.162.963.062.862.262.161.860.960.2

85.285.185.184.284.183.483.082.280.880.280.179.679.078.577.776.976.574.973.9

61.260.861.558.857.355.557.655.853.551.549.951.351.451.149.749.647.444.746.0

87.187.887.887.087.186.786.285.584.283.984.183.783.382.982.281.481.480.078.6

46.146.147.347.148.047.748.248.348.048.148.648.649.449.549.349.849.549.248.8

31.032.736.333.231.928.232.932.833.132.631.729.533.535.234.834.634.131.232.3

47.747.548.448.649.849.849.950.149.649.950.751.151.651.651.452.051.851.851.2

Black

59.960.259.858.859.059.861.561.461.060.861.061.562.262.963.363.863.864.263.362.663.963.663.863.763.963.362.962.963.163.263.362.962.962.563.163.362.462.962.562.363.362.561.762.3

73.673.472.970.970.070.671.571.370.370.070.170.670.870.871.271.171.071.070.169.570.469.970.070.070.070.070.069.770.370.470.670.269.769.870.370.368.669.969.368.970.169.268.769.2

46.345.746.742.641.343.244.943.643.241.639.839.941.744.643.743.643.844.640.637.445.341.843.142.141.138.538.838.639.139.640.738.537.736.939.738.636.438.735.436.540.936.835.136.3

78.578.477.676.075.475.676.276.375.174.574.775.274.874.474.874.774.674.473.873.473.673.573.473.573.774.073.873.674.274.274.474.173.673.874.074.172.673.773.472.873.673.072.773.0

48.749.349.048.849.850.853.153.153.153.553.754.255.256.556.958.058.058.757.857.058.558.658.758.558.957.757.157.357.257.357.356.957.356.657.357.757.457.156.956.957.857.056,156.6

32.234.233.434.232.932.937.336.834.934.033.533.035.037.939.139.637.940.436.733.539.236.438.038.037.137.534.335.835.136.837.035.537.836.137.135.134.231.233.828.831.733.232.430.7

51.251.651.451.152.553.655.555.455.656.056.256.857.658.658.960.060.160.660.059.360.560.960.860.661.159.859.459.559.459.459.459.159.358.659.359.959.759.759.159.660.359.358.359.1

1 Civilian labor force as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-36.—Civilian employment/population ratio by demographic characteristic, 1954-91

[Percent;1 monthly data seasonally adjusted]

Year or month

1954195519561957...19581959...I96019611962....19631964196519661967196819691970...19711972 .

19721973...19741975 . .19761977..19781979..1980...1981198219831984... .1985198619871988...19891990 ...19911990: Jan .

FebMar

MayJuneJulyAUKsept. :::::OctNovDec

1991: JanFebMar

June".'.'."!'.!'.!JulyAugSeptOctNovDec

Allcivil-ian

work-ers

55.556.757.557.155.456.056.155.455.555.455.756.256.957.357.558.057.456.657.0

57.057.857.856.156.857.959.359.959.259.057.857.959.560.160.761.562.363.062.761.663.063.063.162.963.062.962.762.662.562.462.162.261.961.861.762.061.661.661.561.361.661.461.361.2

White

Total

55.256.557.356.855.355.955.955.355.455.355.556.056.857.257.458.057.556.857.4

57.458.258.356.757.558.660.060.660.060.058.858.960.561.061.562.363.163.863.662.663.963.863.963.763.963.863.763.663.563.463.163.262.962.862.762.962.662.662.462.362.562.462.462.2

Males

Total

81.582.282.781.879.279.979.478.278.477.777.877.978.378.478.378.276.875.776.0

76.076.575.973.073.474.175.075.173.472.870.670.472.172.372.372.773.273.773.271.573.773.673.773.473.473.373.173.073.072.972.772.672.171.871.771.971.771.471.371.271.571.371.271.0

16-19years

49.952.054.152.447.648.148.145.946.444.745.047.150.150.250.351.149.649.251.5

51.554.354.450.651.554.456.355.753.451.347.047.449.149.949.649.951.752.651.047.252.452.352.552.751.851.450.249.049.950.049.550.149.549.548.147.147.146.045.145.947.947.347.046.1

20yearsandover

84.084.785.084.181.882.882.481.481.581.181.381.581.781.781.681.480.179.079.0

79.079.278.675.776.076.577.277.375.675.173.072.674.374.374.374.775.175.475.073.375.475.375.475.175.175.074.974.974.874.774.574.373.873.573.473.873.573.373.273.173.273.173.072.8

Females

Total

31.433.034.234.233.634.034.634.534.735.035.536.237.538.338.940.140.339.940.7

40.741.842.442.043.244.546.347.547.848.348.148.549.850.751.752.853.854.654.854.354.854.854.954.855.055.055.054.954.854.654.354.554.354.554.454.654.254.454.154.054.154.254.154.1

16-19years

36.437.038.938.235.034.835.134.634.832.932.233.737.537.737.839.539.538.641.3

41.343.644.342.544.245.948.549.447.946.244.644.547.047.147.949.050.250.548.546.149.649.350.649.049.148.748.246.948.347.346.847.446.747.947.147.946.146.143.344.045.746.146.045.7

20yearsandover

31.132.733.833.933.534.034.534.534.735.235.836.537.538.339.140.140.440.140.6

40.641.642.241.943.144.446.147.347.848.548.448.950.051.052.053.154.054.955.254.855.255.255.255.255.555.555.555.455.255.154.855.054.855.054.955.154.855.054.954.754.754.854.654.6


Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

Black and other

58.058.759.559.356.757.557.956.256.356.257.057.858.458.258.058.156.854.954.1

76.577.678.477.272.573.874.171.772.071.872.973.774.073.873.372.870.968.167.3

52.452.752.248.042.041.443.841.041.737.437.839.440.538.838.739.035.531.832.4

79.280.481.380.576.077.677.975.575.776.277.778.779.279.478.978.476.874.273.2

41.942.243.043.742.843.243.642.642.742.743.444.145.145.045.245.944.943.943.3

24.726.428.026.522.820.324.823.223.121.321.820.223.124.824.725.122.420.219.9

20yearsandover

43.743.944.745.545.045.745.844.844.945.246.147.348.247.948.248.948.247.346.7

Black

53.754.553.550.150.851.453.653.852.351.349.449.552.353.454.155.656.356.956.254.956.656.856.957.057.256.655.755.655.555.755.555.155.355.155.355.454.554.955.054.655.554.554.254.4

66.867.565.860.660.661.463.363.460.459.156.056.359.260.060.662.062.762.861.860.561.762.262.262.462.562.461.561.261.261.561.561.360.861.061.260.959.260.360.559.961.160.660.460.3

31.632.831.426.325.826.428.528.727.024.620.320.423.926.326.528.529.430.427.623.831.929.530.330.128.225.225.824.626.927.027.024.224.423.724.824.023.124.623.923.124.323.522.423.4

73.073.771.966.566.867.569.169.165.864.561.461.664.164.665.166.467.167.066.164.965.566.566.266.566.867.166.065.865.465.865.865.965.365.565.565.363.764.764.864.365.465.064.964.6

43.043.843.541.642.843.345.846.045.745.144.244.146.748.148.850.351.252.051.650.352.552.452.652.552.851.951.050.950.851.050.750.050.750.350.651.050.650.450.650.251.049.549.149.6

19.222.020.920.219.218.522.122.421.019.717.717.020.123.123.825.825.827.125.721.429.626.228.228.126.226.823.824.224.825.023.122.824.423.523.222.723.421.621.316.920.319.221.419.5

46.547.246.944.946.447.049.349.349.148.547.547.449.850.951.653.053.954.654.253.154.855.155.155.055.554.553.853.653.453.653.552.853.453.053.353.853.253.253.453.454.052.551.852.4

1 Civilian employment as percent of civilian noninstitutional population in group specified.Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-37 .—Unemployment rate, 1948-91

[Percent; monthly data seasonally adjusted]

Year ormonth

1948194919501951195219531954195519561957 .19581959196019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911990: Jan

FebMar

May"!!!!June....JulyAugSept....OctNovDec

1991: JanFebMar

fcJune....JulyAugSept....OctNovDec

Unem-ploy-mentrate,all

work-ers1

5.23.22.92.85.44.34.04.26.65.35.46.55.45.55.04.43.73.73.53.44.85.85.54.85.58.37.66.96.05.87.07.59.59.57.47.16.96.15.45.25.46.65.25.25.15.35.25.15.45.65.65.75.96.06.16.46.66.56.76.86.76.76.76.86.87.0

Unemployment rate, civilian workers 2

Allcivil-ian

work-ers

3.85.95.33.33.02.95.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.56.75.35.35.25.45.35.25.45.65.75.86.06.16.26.56.76.66.86.96.86.86.86.96.97.1

Males

Total

3.65.95.12.82.82.85.34.23.84.16.85.25.46.45.25.24.64.03.23.12.92.84.45.35.04.24.97.97.16.35.35.16.97.49.99.97.47.06.96.25.55.25.67.05.35.25.15.45.35.35.55.75.85.96.16.36.46.97.16.97.27.37.27.27.27.17.17.3

16-19

years

9.814.312.78.18.97.9

13.511.611.112.417.115.315.317.114.717.215.814.111.712.311.611.415.016.615.913.915.620.119.217.315.815.918.320.124.423.319.619.519.017.816.015.916.319.815.615.414.815.715.615.216.217.616.917.217.417.718.418.220.219.420.621.020.919.719.619.219.820.3

20yearsandover

3.25.44.72.52.42.54.93.83.43.66.24.74.75.74.64.53.93.22.52.32.22.13.54.44.03.33.86.85.95.24.34.25.96.38.88.96.66.26.15.44.84.54.96.34.74.64.54.74.74.74.95.05.15.35.55.75.76.26.36.26.46.56.56.56.56.56.46.6

Females

Total

4.16.05.74.43.63.36.04.94.84.76.85.95.97.26.26.56.25.54.85.24.84.75.96.96.66.06.79.38.68.27.26.87.47.99.49.27.67.47.16.25.65.45.46.35.25.35.25.45.25.15.35.55.65.65.85.96.16.16.36.26.46.46.26.46.26.66.66.8

16-19

years

8.312.311.48.38.07.2

11.410.211.210.614.313.513.916.314.617.216.615.714.113.514.013.315.617.216.715.316.619.718.718.317.116.417.219.021.921.318.017.617.615.914.414.014.717.413.614.514.014.014.814.014.315.414.615.515.915.617.916.416.617.016.916.918.818.216.618.517.418.4

20yearsandover

3.65.35.14.03.22.95.54.44.24.16.15.25.16.35.45.45.24.53.84.23.83.74.85.75.44.95.58.07.47.06.05.76.46.88.38.16.86.66.25.44.94.74.85.74.64.74.64.84.64.54.74.95.05.05.15.25.35.45.65.55.75.75.45.75.65.85.96.1

Bothsexes16-19

years

9.213.412.28.28.57.6

12.611.011.111.615.914.614.716.814.717.216.214.812.812.912.712.215.316.916.214.516.019.919.017.816.416.117.819.623.222.418.918.618.316.915.315.015.518.614.615.014.414.915.214.615.316.515.816.416.716.818.217.318.518.218.919.019.919.018.218.918.719.3

White

3.55.64.93.12.82.75.03.93.63.86.14.85.06.04.95.04.64.13.43.43.23.14.55.45.14.35.07.87.06.25.25.16.36.78.68.46.56.26.05.34.74.54.76.04.54.64.54.74.64.54.64.84.95.05.15.35.55.86.05.86.06.16.16.16.16.16.26.3

Blackand

other

5.98.99.05.35.44.59.98.78.37.9

12.610.710.212.410.910.89.68.17.37.46.76.48.29.9

10.09.09.9

13.813.113.111.911.313.114.217.317.814.413.713.111.610.410.010.111.110.09.49.59.39.49.5

10.310.410.910.611.111.110.810.711.011.111.311.210.611.111.111.511.011.5

Black

:!!! !!! !!

"10.4"9.4

10.514.814.014.012.812.314.315.618.919.515.915.114.513.011.711.411.312.411.410.710.710.510.510.511.411.712.111.812.312.312.111.912.312.512.812.711.912.412.312.812.312.7

Experi-encedwageand

salaryworkers

436.86.03.7343.26.24.84.44.67.35.75.76.85.65.65.04.33.53.63.43.34.85.75.34.55.38.27.36.65.65.56.97.39.39.27.16.86.65.85.25.05.36.55.15.05.05.15.05.05.25.35.55.55.85.96.06.36.66.36.56.66.46.56.56.66.76.8

Mar-riedmen,

spousepres-ent3

3.54.61.5141.74.02.62.32.85.13.63.74.63.63.42.82.41.91.81.61.52.63.22.82.32.75.14.23.62.82.84.24.36.56.54.64.34.43.93.33.03.44.43.43.13.13.23.23.13.43.53.53.63.83.84.04.24.44.34.44.64.44.44.54.24.54.7

Womenwho

main-tain

fami-lies

I! !!!!!!

4.94.44.45.47.37.27.17.0

10.010.19.48.58.39.2

10.411.712.210.310.49.89.28.18.18.29.17.67.68.47.57.68.08.48.38.88.58.88.89.09.19.19.69.29.18.59.49.09.49.19.1

1 Unemployed as percent of labor force including resident Armed Forces.2 Unemployed as percent of civilian labor force m group specified.3 Data For 1949 and 1951-54 are for April; 1950, for March.Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-38.—Civilian unemployment rate by demographic characteristic, 2948-91

[Percent;l monthly data seasonally adjusted]

Year or month

19481949.. .1950195119521953195419551956..195719581959I96019611962196319641965..19661967.196819691970....19711972...

1972197319741975....1976197719781979198019811982198319841985.1986198719881989199019911990: Jan

FebMarAprMayJuneJulyAugSeptoct'::::::::::::::::Nov.Dec

1991- JanFebMar .AprNfayJuneJulyAug.,;.:::.:.::::'::Septoct'::::::::::::::::::NovDec

Allcivil-ian

work-ers

3.85.95.33.33.02.95.54.44.14.36.85.55.56.75.55.75.24.53.83.83.63.54.95.95.6

5.64.95.68.57.77.16.15.87.17.69.79.67.57.27.06.25.55.35.56.75.35.35.25.45.35.25.45.65.75.86.06.16.26.56.76.66.86.96.86.86.86.96.97.1

White

Total

3.55.64.93.12.82.75.03.93.63.86.14.85.06.04.95.04.64.13.43.43.23.14.55.45.1

5.14.35.07.87.06.25.25.16.36.78.68.46.56.26.05.34.74.54.76.04.54.64.54.74.64.54.64.84.95.05.15.35.55.86.05.86.06.16.16.16.16.16.26.3

Males

Total

3.45.64.72.62.52.54.83.73.43.66.14.64.85.74.64.74.13.62.82.72.62.54.04.94.5

4.53.84.47.26.45.54.64.56.16.58.88.86.46.16.05.44.74.54.86.44.64.64.54.74.64.54.75.05.05.15.35.65.76.26.56.16.46.56.66.46.66.56.56.6

16-19years

i'3.411.310.511.515.714.014.015.713.715.914.712.910.510.710.110.013.715.114.2

14.212.313.518.317.315.013.513.916.217.921.720.216.816.516.315.513.913.714.217.513.513.413.013.813.612.614.315.315.415.215.315.316.115.918.216.818.719.019.416.916.916.917.418.0

20yearsandover

4.43.33.03.25.54.14.25.14.03.93.42.92.22.12.01.93.24.03.6

3.63.03.56.25.44.73.73.65.35.67.87.95.75.45.34.84.13.94.35.74.04.04.04.24.14.14.24.44.44.54.75.05.15.65.85.65.75.85.95.96.15.95.96.0

Females

Total

3.857534.233315.54.34.24.36.25.35.36.55.55.85.55.04.34.64.34.25.46.35.9

5.95.36.18.67.97.36.25.96.56.98.37.96.56.46.15.24.74.54.65.54.54.64.54.64.54.44.54.74.84.84.95.05.35.35.55.35.65.75.55.65.45.65.86.1

16-19years

10.49.19.79.5

12.712.012.714.812.815.114.914.012.111.512.111.513.415.114.2

14.213.014.517.416.415.914.414.014.816.619.018.315.214.814.913.412.311.512.615.212.213.112.812.212.711.712.013.112.813.112.712.915.613.613.814.515.215.116.515.514.315.815.916.6

20yearsandover

5.13.93.73.85.64.74.65.74.74.84.64.03.33.83.43.44.45.34.9

4.94.35.17.56.86.25.25.05.65.97.36.95.85.75.44.64.14.04.14.94.04.03.94.13.93.94.04.24.34.34.44.44.64.85.04.75.05.14.95.04.95.05.15.4


Total

Males

Total 16-19years

20yearsandover

Females

Total 16-19years

20yearsandover

Black and other

5.98.99.05.35.44.59.98.78.37.9

12.610.710.212.410.910.89.68.17.37.46.76.48.29.9

10.0

5.89.69.44.95.24.8

10.38.87.98.3

13.711.510.712.810.910.58.97.46.36.05.65.37.39.18.9

14.413.415.018.426.825.224.026.822.027.324.323.321.323.922.121.425.028.829.7

9.98.47.47.6

12.710.59.6

11.710.09.27.76.04.94.33.93.75.67.36.9

6.179846.1574.19.28.58.97.3

10.89.49.4

11.911.011.210.79.28.79.18.37.89.3

10.911.4

20.619.222.820.228.427.724.829.230.234.731.631.731.329.628.727.634.535.438.4

8.47.77.86.49.58.38.3

10.69.69.49.07.56.67.16.35.86.98.78.8

Black

10.49.4

10.514.814.014.012.812.314.315.618.919.515.915.114.513.011.711.411.312.411.410.710.710.510.510.511.411.712.111.812.312.312.111.912.312.512.812.711.912.412.312.812.312.7

9.38.09.8

14.813.713.311.811.414.515.720.120.316.415.314.812.711.711.511.812.912.410.911.110.810.710.912.012.213.012.612.912.612.712.713.013.413.713.712.813.012.912.412.112.9

31.727.833.138.137.539.236.734.237.540.748.948.842.741.039.334.432.731.932.136.529.529.529.528.331.434.633.436.331.231.933.737.035.335.837.537.736.536.532.536.740.736.136.435.7

7.06.07.4

12.511.410.79.39.3

12.413.517.818.114.313.212.911.110.110.010.411.511.19.59.79.69.39.3

10.710.611.811.311.511.011.311.311.411.812.312.211.711.611.111.010.711.5

11.811.111.314.814.314.913.813.314.015.617.618.615.414.914.213.211.711.410.811.910.310.610.310.210.310.110.711.211.310.941.612.111.511.111.711.611.911.811.011.811.713.112.412.5

40.536.137.441.041.643.440.839.139.842.247.148.242.639.239.234.932.033.030.036.124.728.125.826.129.528.530.632.529.332.037.435.735.435.037.535.431.730.937.041.435.942.133.836.3

9.08.68.8

12.211.712.311.210.911.913.415.416.513.513.112.411.610.49.89.6

10.59.49.59.39.29.18.99.59.9

10.29.69.9

10.710.09.6

10.110.310.810.89.6

10.510.411.611.311.3

1 Unemployed as percent of civilian labor force in group specified.Note.—See Note, Table B-37.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-39.—Unemployment by duration and reason, 1947-91

[Thousands of persons, except as noted; monthly data seasonally adjusted1]

Year or month

194719481949195019511952195319541955195619571958195919601961196219631964196519661967219681969197019711972197319741975197619771978197919801981198219831984.1985....198619871988T.1989199019911990- Jan

FebMarAprMayJuneJulyAug :::::::::Septoc? ::::::....::.::.:::::::::::NovDec

1991- JanFebMarAprMay .JuneJulyAug:::::::: :::::::::":Septoct.:::::::::::.:::::::::::::::::NovDec

Unem-ploy-ment

2,3112,2763,6373,2882,0551,8831,8343,5322,8522,7502,8594,6023,7403,8524,7143,9114,0703,7863,3662,8752,9752,8172,8324,0935,0164,8824,3655,1567,9297,4066,9916,2026,1377,6378,27310,67810,7178,5398,3128,2377,4256,7016,5286,8748,4266,5796,5676,4666,6856,5896,4746,7757,0447,1407,2227,4707,6687,7638,1308,4168,2568,5298,6158,4758,5208,5018,6418,6028,891

Duration of unemployment

Lessthan 5weeks

1,21013001,7561,4501,1771,1351,1421,6051,3351,4121,4081,7531,5851,7191,8061,6631,7511,6971,6281 5731,6341,5941,6292,1392,2452,2422,2242,6042,9402,8442,9192,8652,9503,2953,4493,8833,5703,3503,4983,4483,2463,0843,1743,1693,3803,1203,1143,1473,1813,0383,0903,1423,3053,1143,1773,3163,3163,3923,4173,4583,2853,5963,4133,3703,3863,3443,3003,2893,307

5-14weeks

704669

1,1941,055574516482

1,116815805891

1,3961,1141,1761,3761,1341,2311,117983779893810827

1,2901,5851,4721,3141,5972,4842,1962,1321,9231,9462,4702,5393,3112,9372,4512,5092,5572,1962,0071,9782,2012,7242,0322,0492,0152,1232,1922,0542,1672,1282,4442,4012,3792,5622,5272,6942,8032,7082,7112,8162,7372,6862,7982,7742,7212,764

15-26weeks

234193428425166148132495366301321785469503728534535491404287271256242428668601483574

1,3031,018913766706

1,0521,1221,7081,6521,1041,0251,045943801730809

1,225773745712716768758800833872898965966

1,0071,0661,1991,1851,1881,3721,2341,2581,2601,4151,3001,372

27weeksandover

1641162563571378478317336232239667571454804585553482351239177156133235519566343381

1,2031,3481,028648535820

1,1621,7762,5591,6341,2801,1871,040809646695

1,098650636638671626639692731759711805808862919945995

1,0251,1161,1211,1591,1621,1551,3231,471

Average(mean)dura-tion

(weeks)

8.610.012.19.78.48.011.813.011.310.513.914.412.815.614.714.013.311.810.48.78.47.88.611.312.010.09.814.215.814.311.910.811.913.715.620.018.215.615.014.513.511.912.113.812.011.811.911.811.811.812.012.312.412.112.512.512.512.913.013.413.114.013.914.114.214.614.915.3

Mediandura-tion

(weeks)

4.54.44.96.36.25.25.28.48.27.05.95.46.56.98.710.17.96.86.96.55.94.85.46.95.15.35.05.05.35.25.35.36.05.95.85.95.96.36.56.96.66.96.87.27.47.47.77.8

Reason for unemployment

Joblosers

1,2291,0701,0171,8112,3232,1081,6942,2424,3863,6793,1662,5852,6353,9474,2676,2686,2584,4214,1394,0333,5663,0922,9833,3224,6083,1273,0783.0173,1013,1223,1393,1683,4073,5433,6363,8523,8804,0804,4744,5874,4564,5714,7484,6594,6904,8054,7824,6964,990

Jobleavers

438431436550590641683768827903909874880891923840830823877

1,015965983

1,0241,014979

1,0271,0151,0001,1691,000986

1,016994966979989

1,044914993

1,055993

1,0291,072987892946986987913

Reen-trants

945909965

1,2281,4721,4561,3401,4631,8921,9281,9631,8571,8061,9272,1022,3842,4122,1842,2562,1601,9741,8091,8431,8832,0871,7651,8261,8441,7951,8011,8251,9451,8651,9761,9191,9372,1122.0362.0102,0762.0592,1592,1202,0652,1072,0362,1002,1082,164

Newen-

trants

396407413504630677649681823895953885817872981

1,1851,2161,1101,0391,029920816677654753653685658637666548648677665673666666681649708741763742800773783813774811

1 Because of independent seasonal adjustment of the various series, detail will not add to totals.2 Data for 1967 by reason for unemployment are not strictly comparable with those for later years and the total by reason is notequal to total unemployment.

Note.—Data relate to persons 16 years of age and over.See footnote 6 and Note, Table B-30.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-40.—Unemployment insurance programs, selected data, 1960-91

Year or month

19601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991 "

1990: JanFebMarAprSTay"":::JuneJulyAug : : : . " " : :Septoct :::::::::NovDec

1991- JanFebMar ..AprMay::::..:::::::::::::::::::JuneJulyAug::::::: :::::::::::::::::Sept ....oct ::Nov ..Dec p

All programs

Coveredemploy-ment1

Insuredunemploy-

ment(weeklyaver-

age)*'

Thousands

46,33446,26647,77648,43449,63751,58054,73956,34257,97759,99959,52659,37566,45869,89772,45171,03773,45976,41988,80492,06292,65993,30091,62891,89896,47499,186

101,099103,933107,157109,926

8 111,494

2,0712,9941,946

M.9731>531,4501,1291,2701,1871,1772,0702,6082,1921,7932,5584,9373,8463,3082,6452,5923,8373,4104,5943,7752,5612,6932,7462,4012,1352,2052,5753,408

3,1202,9892,8222,5932,3202,2092,4352,2872,1882,2852,5103,0404,0154,0904,0603,8643,2623,1773,2702,9992,7952,7952,8463,596

Totalbenefits

paid(millions

ofdollars) 2 4

3,022.84,358.13,145.13,025.92,749.22,360.41,890.92,221.52,191.02,298.64,209.36,154.05,491.14,517.36,933.9

16,802.412,344.810,998.99,006.99,401.3

16,175.415,287.123,774.820,206.213,109.615,056.316,292.514,501.013,694.414,957.019,640.2

1,883.51,676.11,759.61,540.31,502.31,297.11,427.91,462.41,207.21,439.81,524.91,782.82,585.92,430.72,575.32,586.32,329.11,939.22,196.71,959.71,727.01,884.51,729.52,298.7

State programs

Insuredunem-

ploymentInitialclaims

Exhaus-tions5

Weekly average; thousands

1,9082,2901,783

'1,8061,6051,3281,0611,2051,1111,1011,8052,1501,8481,6322,2623,9862,9912,6552,3592,4343,3503,0474,0613,3962,4762,6112,6502,3322,0812,1582,5223,344**

2,4002,3862,3962,3842,3772,4192,4892,5202,5732,7042,8512,9773,1363,3033,4673,4903,4753,4063,3363,2833,2673,2733[3133,317

331350302

'298268232203226201200296295261247363478386375346388488460583438377396378328310330388449

**376365354350348355368374387419454470460498511460433421418415415418448462

3146323026211517161625393529378163553939595780805050524638374567

444243474544474442434349585762706869767266666270

Insuredunemploy-ment aspercent

ofcoveredemploy-

ment

4.85.64.44.33.83.02.32.52.22.13.44.13.52.73.56.04.63.93.32.93.93.54.63.92.82.92.82.42.02.12.4

**2.32.32.32.32.32.32.42.42.52.62.72.83.03.13.33.33.33.23.13.13.13.13.13.1

Benefits paid

Total(millions

ofdollars) 4

2,726.73,422.72,675.42,774.72,522.12,166.01,771.32,092.32,031.62,127.93,848.54,957.04,471.04,007.65,974.9

11,754.78,974.58,357.27,717.28,612.9

13,761.113,262.120,649.517,762.812,594.714,130.815,329.313,606.812,564.713,760.318,249.5

1,843.61,636.71,716.11,502.51,466.71,265.41,397.21,430.01,178.01,401.91,482.41,736.82,529.52,382.22,525.62,485.72,242.01,867.42,134.61,911.01,681.41,831.11,681.02,232.9

Averageweekfycheck

(dollars) •

32.8733.8034.5635.2735.9237.1939.7541.2543.4346.1750.3454.0256.7659.0064.2570.2375.1678.7983.6789.6798.95

106.70119.37123.59123.47128.23135.72139.90144.97151.73161.56170.08

158.53160.44159.60162.02162.02161.91159.91160.46162.11163.89163.56165.25166.83169.51170.45170.01170.47170.49169.16169.02170.70171.27170.79173.29

"Monthly data are seasonally adjusted.1 Includes persons under the State, UCFE (Federal employee, effective January 1955), and RRB (Railroad Retirement Board) programs.Beginning October 1958, also includes the UCX program (unemployment compensation for ex-servicemen).

"Includes State, UCFE, RR, UCX, UCV (unemployment compensation for veterans, October 1952-January 1960), and SRA(Servicemen's Readjustment Act, September 1944-September 1951) programs. Also includes Federal and State extended benefitprograms. Does not include FSB (Federal supplemental benefits), SUA (special unemployment assistance), and Federal SupplementalCompensation programs.3 Covered workers who have completed at least 1 week of unemployment.4 Annual data are net amounts and monthly data are gross amounts.5 Individuals receiving final payments in benefit year.6 For total unemployment only.7 Programs include Puerto Rican sugarcane workers for initial claims and insured unemployment beginning July 1963.8 Latest data available for all programs combined. Workers covered by State programs account for about 97 percent of wage andsalary earners.

Source: Department of Labor, Employment and Training Administration.


TABLE B-41.—Employees on nonagricultural payrolls, by major industry, 1946-91

[Thousands of persons; monthly data seasonally adjusted]

Year or month

19461947194819491950195119521953195419551956195719581959I96019611962196319641965196619671968196919701971197219731974 .19751976 .197719781979198019811982198319841985198619871988198919901991 p

1990- JanFebMarAprMayJuneJulyAug. .SeptOctNovDec

1991- Jan....FebMarAprMayJuneJulyAugSeptOctNovp

Dec*

Total

41,65243,85744,86643,75445,19747,81948,79350,20248,99050,64152,36952,85351,32453,26854,18953,99955,54956,65358,28360,76563,90165,80367,89770,38470,88071,21473,67576,79078,26576,94579,38282,47186,69789,82390,40691,15689,56690,20094,49697,51999,525102,200105,536108,329109,971108,975109,416109,792109,933109,934110,304110,435110,269110,160110,113109,982109,761109,621109,418109,160108,902108,736108,887108,885108,859108,971109,066109,073108,808108,839

Goods-producing industries

Total

17,24818,50918,77417,56518,50619,95920,19821,07419,75120,51321,10420,96419,51320,41120,43419,85720,45120,64021,00521,92623,15823,30823,73724,36123,57822,93523,66824,89324,79422,60023,35224,34625,58526,46125,65825,49723,81323,33424,72724,85924,55824,70825,17325,32224,95823,82025,19025,33925,25525,16525,14125,09325,02724,93724,84224,70524,48124,37524,18124,03923,87723,79423,84723,79223,79823,82623,79723,72723,59523,572

Mining

862955994930901929898866791792822828751732712672650635634632627613606619623609628642697752779813851958

1,0271,1391,128952966927111717713693711697704706706709713718717713711710712715713715714710706704701693684679674670

Con-struction

1,6832,0092,1982,1942,3642,6372,6682,6592,6462,8393,0392,9622,8173,0042,9262,8592,9483,0103,0973,2323,3173,2483,3503,5753,5883,7043,8894,0974,0203,5253,5763,8514,2294,4634,3464,1883,9053,9484,3834,6734,8164,9675,1105,1875,1364,6965,2715,3225,2625,2025,2035,1825,1455,1115,0885,0224,9624,9114,7974,7924,7204,6884,7154,7104,6954,6914,6994,6714,5834,596

Manufacturing

Total

14,70315,54515,58214,44115,24116,39316,63217,54916,31416,88217,24317,17415,94516,67516,79616,32616,85316,99517,27418,06219,21419,44719,78120,16719,36718,62319,15120,15420,07718,32318,99719,68220,50521,04020,28520,17018,78118,43419,37819,26018,96519,02419,35019,44219,11118,42719,21519,31119,28719,25419,22519,19319,16519,11319,04318,97318,80718,74918,67118,53218,44318,39618,42618,37818,40218,44218,41418,37718,33818,306

Durablegoods

7,7858,3588,2987,4628,0669,0599,32010,0809,1019,5119,8029,8258,8019,3429.4299:0419,4509,5869,78510,37411,25011,40811,59411,86211,17610,60411,02211,86311,89710,66211,05111,57012,24512,73012,15912,08211,01410,70711,47911,46411,20311,16711,38111,42011,11510,55711,18511,28911,27011,23011,21211,18911,16011,11111,04911,00010,86710,82810,77010,65210,58410,56010,57510,53410,54610,55310,53110,49310,45910,425

Nondura-ble goods

6,9187,1877,2856,9797,1757,3347,3137,4687,2137,3707,4427,3517,1447,3337,3677,2857,4037,4107,4897,6887,9638,0398,1878,3048,1908,0198,1298,2918,1817,6617,9468,1128,2598,3108,1278,0897,7677,7267,8997,7967,7617,8587,9698,0227,9957,8708,0308,0228,0178,0248,0138,0048,0058,0027,9947,9737,9407,9217,9017,8807,8597,8367,8517,8447,8567,8897,8837,8847,8797,881

Note.—Data in Tables B-41 and B-42 are based on reports from employing establishments and relate to full- and part-time wage andsalary workers in nonagricultural establishments who received pav for any part of the pay period which includes the 12th of the month.Not comparable with labor force data (Tables B-30 through B-39), which include proprietors, self-employed persons, domestic servants,



TABLE B-41.—Employees on nonagricultural payrolls, by major industry, 1946-91—Continued

[Thousands of persons; monthly data seasonally adjusted]

Year or month

194619471948194919501951195219531954195519561957..19581959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991 "1990: Jan

FebMarAprMayJuneJulyAugsept...:::::::::::::::::::::::::::::::;::::'"::OctNovDec

1991- JanFebMarAprMayJuneJulyAugSeptOct.::::::::::::::Nov"Dec "

Service-producing industries

Total

24,40425,34826,09226,18926,69127,86028,59529,12829,23930,12831,26631,88931,81132,85733,75534,14235,09836,01337,27838,83940,74342,49544,16046,02347,30248,27850,00751,89753,47154,34556,03058,12561,11363,36364,74865,65965,75366,86669,76972,66074,96777,49280,36383,00785,01485,15484,22684,45384,67884,76985,16385,34285,24285,22385,27185,27785,28085,24685,23785,12185,02584,94285,04085,09385,06185,14585,26985,34685,21385,267

Trans-portation

andpublicutilities

4,0614,1664,1894,0014,0344,2264,2484,2904,0844,1414,2444,2413,9764,0114,0043,9033,9063,9033,9514,0364,1584,2684,3184,4424,5154,4764,5414,6564,7254,5424,5824,7134,9235,1365,1465,1655,0824,9545,1595,2385,2555,3725,5275,6445,8265,8235,7765,7905,7945,7985,8205,8315,8325,8395,8545,8555,8525,8675,8665,8345,8245,8145,8195,8095,8095,8205,8295,8285,8195,796

Whole-saletrade

2,2982,4782,6122,6102,6432,7352,8212,8622,8752,9343,0273,0372,9893,0923,1533,1423,2073,2583,3473,4773,6083,7003,7913,9194,0064,0144,1274,2914,4474,4304,5624J234,9855,2215,2925,3765,2965,2865,5745,7365,7745,8656,0556,2216,2056,0726,2276,2156,2106,2066,2126,2206,2156,2116,2046,1906,1806,1666,1386,1196,1056,0866,0856,0686,0646,0506,0496,0476,0326,017

Retailtrade

6,0776,4776,6596,6546,7437,0077,1847,3857,3607,6017,8317,8487,7618,0358,2388,1958,3598,5208,8129,2399,6379,90610,30810,78511,03411,33811,82212,31512,53912,63013,19313,79214,55614,97215,01815,17215,16115,59516,52617,33617,90918,46219,07719,54919,68319,34019,69119,71819,70219,68919,70119,71419,71019,71419,69819,66319,62819,57919,54219,46419,37819,32419,33919,34519,34719,34319,33819,28819,19619,180

Finance,insur-ance,

and realestate

1,6751,7281,8001,8281,8881,9562,0352,1112,2002,2982,3892,4382,4812,5492,6282,6882,7542,8302,9112,9773,0583,1853,3373,5123,6453,7723,9084,0464,1484,1654,2714,4674,7244,9755,1605,2985,3415,4685,6895,9556,2836,5476,6496,6956,7396,7076,7176,7326,7306,7326,7396,7466,7456,7506,7506,7466,7406,7336,7366,7326,7356,7186,7126,7036,6886,6876,6926,6976,6926,696

Services

4,6975,0255,1815,2395,3565,5475,6995,8355,9696,2406,4976,7086,7657,0877,3787,6197,9828,2778,6609,0369,49810,04510,56711,16911,54811,79712,27612,85713,44113,89214,55115,30216,25217,11217,89018,61919,03619,69420,79721,99923,05324,23525,66927,12028,24028,77827,77827,91628,03628,04528,15128,25428,31028,38828,43728,47928,52528,54828,59028,58328,57628,57628,64528,71228,73328,83128,93729,01929,00929,047

Government

Total

5,5955,4745,6505,8566,0266,3896,6096,6456,7516,9147,2787,6167,8398,0838,3538,5948,8909,2259,59610,07410,78411,39111,83912,19512,55412,88113,33413,73214,17014,68614,87115,12715,67215,94716,24116,03115,83715,86916,02416,39416,69317,01017,38617,77918,32218,43418,03718,08218,20618,29918,54018,57718,43018,32118,32818,34418,35518,35318,36518,38918,40718,42418,44018,45618,42018,41418,42418,46718,46518,531

Federal

2,2541,8921,8631,9081,9282,3022,4202,3052,1882,1872,2092,2172,1912,2332,2702,2792,3402,3582,3482,3782,5642,7192,7372,7582,7312,6962,6842,6632,7242,7482,7332,7272,7532,7732,8662,7722,7392,7742,8072,8752,8992,9432,9712,9883,0852,9653,0023,0073,0923,1533,3473,3373,1623,0382,9942,9802,9642,9482,9522,9512,9512,9532,9522,9712,9632,9672,9792,9832,9792,980

Stateandlocal

3,3413,5823,7873,9484,0984,0874,1884,3404,5634,7275,0695,3995,6485,8506,0836,3156,5506,8687,2487,6968,2208,6729,1029,4379,82310,18510,64911,06811,44611,93712,13812,39912,91913,17413,37513,25913,09813,09613,21613,51913,79414,06714,41514,79115,23715,46915,03515,07515,11415,14615,19315,24015,26815,28315,33415,36415,39115,40515,41315,43815,45615,47115,48815,48515,45715,44715,44515,48415,48615,551

Note (cont'd).—and unpaid family workers; which count persons as employed when they are not at work because of industrialdisputes, bad weather, etc., even if they are not paid for the time off; and which are based on a sample of the working-age population.For description and details of the various establishment data, see "Employment and Earnings."



TABLE B-42.—Average weekly hours and hourly and weekly earnings in private nonagricultural industries,

1955-91

[For production or nonsupervisory workers; monthly data seasonally adjusted, except as noted]

Year or month

19551956....195719581959I960196119621963196419651966 ..1967196819691970197119721973197419751976197719781979....198019811982198319841985198619871988 ...198919901991 ".1990: Jan

FebMar

MavJuneJulyAugSeptOctNovDec

1991: JanFebMar .

ft:JuneJulyAug...sept :::OctNov *Dec '

Averageweekly hours

Totalpri-

vate1

39.639.338.838.539.038.638.638.738.838.738.838.638.037.837.737.136.937.036.936.536.136.136.035.835.735.335.234.835.035.234.934.834.834.734.634.534.334.534.534.534.534.534.634.534.534.634.234.434.634.134.334.234.034.334.634.134.334.534.334.434.5

Manufactur-ing

Total

40.740.439.839.240.339.739.840.440.540.741.241.440.640.740.639.839.940.540.740.039.540.140.340.440.239.739.838.940.140.740.540.741.041.141.040.840.740.740.840.940.740.940.940.940.940.940.740.640.740.440.340.340.240.440.840.741.041.040.941.041.1

Over-time

....„..„.

2.32.02.72.52.42.82.83.13.63.93.43.63.63.02.93.53.83.32.63.13.53.63.32.82.82.33.03.43.33.43.73.93.83.63.63.73.63.73.53.83.83.73.83.73.63.53.53.43.33.33.33.43.73.73.83.73.73.73.8

Averagehourly earnings

Total private 1

Cur-rentdol-lars

$1.711.801.891.952.022.092.142.222.282.362.462.562.682.853.043.233.453.703.944.244.534.865.255.696.166.667.257.688.028.328.578.768.989.289.66

10.0210.349.829.889.929.959.98

10.0210.0510.0710.1010.1010.1310.1710.1810.2010.2410.2810.3210.3710.3610.4010.4110.4010.4310.50

1982dol-

lars2

$6.156.386.476.506.696.796.887.077.177.337.527.627.727.897.988.038.218.538.558.288.128.248.368.408.177.787.697.687.797.807.777.817.737.697.647.537.467.557.567.567.577.587.577.577.517.487.437.437.447.427.437.467.477.477.497.477.497.477.467.447.48

Manu-factur-

ing

$1.851.952.042.102.192.262.322.392.452.532.612.712.823.013.193.353.573.824.094.424.835.225.686.176.707.277.998.498.839.199.549.739.91

10.1910.4810.8311.1810.5610.6710.7310.7510.8010.8410.8710.8910.9110.9610.9610.9911.0211.0311.0511.1211.1511.1911.2211.2511.2511.2611.3011.32

Averageweekly earnings

Total private 1

Currentdollars

$67.7270.7473.3375.0878.7880.6782.6085.9188.4691.3395.4598.82

101.84107.73114.61119.83127.31136.90145.39154.76163.53175.45189.00203.70219.91235.10255.20267.26280.70292.86299.09304.85312.50322.02334.24345.69354.66338.79340.86342.24343.28344.31346.69346.73347.42349.46345.42348.47351.88347.14349.86350.21349.52353.98358.80353.28356.72359.15356.72358.79362.25

1982dol-

lars2

$243.60250.85251.13250.27260.86261.92265.59273.60278.18283.63291.90294.11293.49298.42300.81298.08303.12315.44315.38302.27293.06297.37300.96300.89291.66274.65270.63267.26272.52274.73271.16271.94269.16266.79264.22259.72255.89260.41260.80260.85261.25261.44261.85261.09259.27258.67254.17255.66257.41253.02254.81255.07253.83256.32259.25254.89257.00257.82255.90256.10258.01

Manu-factur-

ing(cur-rentdol-lars)

$75.3078.7881.1982.3288.2689.7292.3496.5699.23

102.97107.53112.19114.49122.51129.51133.33142.44154.71166.46176.80190.79209.32228.90249.27269.34288.62318.00330.26354.08374.03386.37396.01406.31418.81429.68441.86455.03429.79435.34438.86437.53441.72443.36444.58445.40446.22446.07444.98447.29445.21444.51445.32447.02450.46456.55456.65461.25461.25460.53463.30465.25

Con-struc-tion(cur-rentdol-lars)

$90.9096.38

100.27103.78108.41112.67118.08122.47127.19132.06138.38146.26154.95164.49181.54195.45211.67221.19235.89249.25266.08283.73295.65318.69342.99367.78399.26426.82442.97458.51464.46466.75480.44495.73513.17526.40533.78527.87526.30527.23511.63526.01530.53522.02528.31532.22515.59530.46536.77523.13533.65526.67532,50533.40532.64532.38533.25537.73536.97524.90537.35

Retailtrade(cur-rentdol-lars)

$48.7550.1852.2054.1056.1557.7658.6660.9662.6664.8166.6568.5070.8674.9378.6782.3187.5192.0396.45

102.55108.63114.56121.54130.14138.83147.24157.99163.83171.13174.47174.81175.80178.80183.62188.72194.69200.20192.10192.38193.92194.21194.11195.65195.94195.16196.81193.69196.02196.31194.14196.48197.34197.95200.33202.59199.65201.34203.04200.50204.19202.92

Percent changefrom a yearearlier, total

private 3

Cur-rentdol-lars

5.04.53.72.44.92.42.44.03.03.24.53.53.15.86.44.66.27.56.26.45.77.37.77.88.06.98.54.75.04.32.11.92.53.03.83.42.62.63.83.62.44.04.43.43.64.52.23.34.02.42.42.32.52.93.11.93.02.83.33.03.1

1982dol-

lars2

5.33.0.13

4.2.4

1.43.01.72.02.9.8

-.21.7.8

-.91.74.1-.0

-4.2-3.0

1.51.2o315815122.0

.813.3

-1.09

-1.0-1.7-1.5

25-1.3-1.6-2.0-.1-.1

-1.0-1.9-1.5-3.8-2.8-2.0-2.9-2.5-2.2-2.1-1.9-1.4-2.3

5_ 3

16.2.3

1 Also includes other private industry groups shown in Table B-41.2 Current dollars divided by the consumer price index for urban wage earners and clerical workers on a 1982=100 base.3 Monthly percent changes are based on data not seasonally adjusted.Note.—See Note, Table B-41.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-43.—Employment cost index, private industry, 1979-91

Year and month

December:1979 .198019811982198319841985198619871988198919901991

1990: MarJuneSeptDec




December:198019811982198319841985198619871988198919901991





Total private

Totalcompen-

sation

Wagesandsala-ries

Bene-fits1

Goods-producing

Totalcompen-sation

"STsala-ries

Bene-fits1

Service-producing

Totalcompen-sation

Wagesandsala-ries

Bene-fits1

Manufacturing

Totalcompen-sation

Wagesandsala-ries

Bene-fits1

Nontnanufacturing

Totalcompen-sation

wffsala-ries

Index, June 1989=100; not seasonally adjusted

59.164.871.275.880.184.087.390.193.197.6

102.3107.0111.7103.9105.2106.2107.0108.5109.8111.0111.7

61.567.173.077.681.484.888.391.194.198.0

102.0106.1110.0103.2104.5105.4106.1107.3108.4109.3110.0

53.259.466.671.476.781.784.687.590.596.7

102.6109.4116.2105.5106.9108.3109.4111.6113.5115.2116.2

60.766.773.377.881.685.488.291.093.897.9

102.1107.0111.9103.9105.2106.2107.0108.5109.8111.0111.9

63.769.775.780.083.286.489.492.395.298.2

102.0105.8109.7103.1104.2105.1105.8107.0108.0108.7109.7

54.660.568.273.278.383.285.788.390.997.3

102.6109.9116.7105.7107.2108.7109.9111.9113.9115.8116.7

57.763.369.574.178.982.986.689.392.697.3

102.3107.0111.6103.8105.2106.2107.0108.5109.8111.0111.6

60.065.371.175.980.283.787.790.393.497.8

102.2106.3110.2103.3104.6105.7106.3107.5108.7109.7110.2

51.958.465.169.675.280.483.686.890.296.1

102.6109.0115.7105.3106.6107.9109.0111.4113.0114.6115.7

60.166.072.576.980.885.087.890.793.497.6

102.0107.2112.2104.0105.3106.4107.2108.6110.0111.2112.2

63.068.974.979.182.586.189.292.195.298.1

101.9106.2110.3103.3104.5105.4106.2107.4108.4109.3110.3

54.259.967.572.477.582.785.087.589.896.6

102.3109.5116.1105.5106.9108.4109.5111.2113.3115.3116.1

58.564.270.475.179.683.487.089.792.997.5

102.3106.9111.5103.8105.1106.2106.9108.5109.7110.9111.5

60.866.272.176.881.084.288.090.693.797.8

102.2106.1109.8103.2104.5105.4106.1107.3108.4109.3109.8

Bene-fits1

52.559.166.170.676.281.184.487.591.096.8

102.8109.3116,2105.4106.9108.2109.3111.9113.5115.1116.2

Index, June 1989=100; seasonally adjusted

103.8105.0106.2107.2108.5109.7110.8111.9

103.3104.4105.4106.2107.3108.4109.2110.1

105.2106.7108.3109.9111.4113.2115.1116.7

103.8105.1106.2107.2108.4109.7110.8112.0

103.1104.2105.1105.8107.0108.0108.7109.7

105.4107.0108.7110.3111.6113.7115.8117.2

103.8105.0106.1107.2108.5109.7110.8111.9

103.4104.5105.5106.5107.6108.6109.5110.4

105.0106.4107.9109.5111.1112.8114.7116.4

103.9105.2106.4107.5108.5109.9111.2112.4

103.3104.5105.4106.2107.4108.4109.3110.3

105.1106.7108.4110.1110.8113.1115.2116.7

103.8105.0106.1107.1108.5109.6110.8111.8

103.2104.5105.3106.2107.4108.4109.2109.9

105.1106.7108.2109.8111.5113.3115.1116.8

Percent change from 12 months earlier, not seasonally adjusted

9.69.96.55.74.93.93.23.34.84.84.64.45.25.24.94.64.44.44.54.4

9.18.86.34.94.24.13.23.34.14.14.03.74.24.54.24.04.03.73.73.7

11.712.17.27.46.53.53.43.46.96.16.66.27.26.96.86.65.86.26.46.2

9.99.96.14.94.73.33.23.14.44.34.84.65.15.25.04.84.44.44.54.6

9.48.65.74.03.83.53.23.13.23.93.73.74.04.24.13.73.83.63.43.7

10.812.77.37.06.33.03.02.97.05.47.16.27.17.27.17.15.96.36.56.2

9.79.86.66.55.14.53.13.75.15.14.64.35.15.24.84.64.54.44.54.3

8.88.96.85.74.44.83.03.44.74.54.03.74.24.64.24.04.13.93.83.7

12.511.56.98.06.94.03.83.96.56.86.26.17.26.66.46.25.86.06.26.1

9.89.86.15.15.23.33.33.04.54.55.14.75.25.35.25.14.44.54.54.7

9.48.75.64.34.43.63.33.43.03.94.23.94.34.54.54.24.03.73.73.9

10.512.77.37.06.72.82.92.67.65.97.06.06.86.96.77.05.46.06.46.0

9.79.76.76.04.84.33.13.65.04.94.54.35.15.14.84.54.54.44.44.3

8.98.96.55.54.04.53.03.44.44.53.83.54.14.53.93.84.03.73.73.5

12.611.86.87.96.44.13.74.06.46.26.36.37.36.96.76.36.26.26.46.3

Percent change from 3 months earlier, seasonally adjusted

1.41.21.1.9

1.21.11.01.0

1.11.11.0.8

1.01.0

'.8

2.11.41.51.51.41.61.71.4

1.51.31.0.9

1.11.21.01.1

1.11.1.9

LI.9.6.9

2.31.51.61.51.21.91.81.2

1.31.21.01.01.21.11.01.0

1.01.11.0

.91.0.9.8.8

1.91.31.41.51.51.51.71.5

1.61.31.11.0.9

1.31.21.1

1.41.2.9.8

1.1.9.8.9

2.21.51.61.6.6

2.11.91.3

1.31.21.0.9

1.31.01.1.9

0.91.3.8.9

1.1.9

!6

1.71.51.41.51.51.61.61.5

1 Employer costs for employee benefits.Note.—The employment cost index is a measure of the change in the cost of labor, free from the influence of employment shifts

among occupations and industries.Data exclude farm and household workers.Through December 1981, percent changes are based on unrounded data; thereafter changes are based on indexes as published.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-44.—Productivity and related data, business sector, 1959-91

[1982=100; quarterly data seasonally adjusted]

Year orquarter

195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: IV1989:1

IIIllIV

1990:1III l lIV

1991:1IIIl l

Output per hourof all persons

Busi-ness

sector

64.665.668.170.473.376.578.681.083.085.485.987.090.292.695.093.395.598.399.8

100.499.398.699.9

100.0102.2104.6106.1108.3109.4110.4109.5109.7101.1103.0105.2106.9108.0110.3110.4110.0109.7109.2109.1109.6110.3109.6109.4109.4109.9110.2

Nonfarmbusinesssector

69.270.072.274.477.180.081.983.685.487.887.888.691.694.196.494.596.799.2

100.6101.399.999.099.9

100.0102.4104.5105.4107.5108.3109.2108.2108.1101.0103.2105.1105.8107.1109.1109.6108.8108.2107.9107.8108.1108.6107.9107.9107.9108.4108.6

Output1

Busi-ness

sector

51.552.353.456.158.862.366.069.571.074.176.375.978.383.088.286.785.090.094.9

100.1102.1100.5102.4100.0104.1112.6116.7119.9124.8130.1132.4132.9100.0107.5114.4118.0120.6127.4131.7132.6132.5132.4132.2133.2133.9132.9131.8130.2130.7131.3


51.151.953.055.858.462.065.869.570.974.276.375.878.383.088.486.885.090.195.0

100.5102.5100.8102.4100.0104.4113.0116.8120.1125.0130.6132.8133.2100.0108.1114.8118.2120.8127.6132.5133.0132.8132.8132.6133.5134.1133.1132.0130.4130.9131.4

Hours of allpersons2

Busi-ness

sector

79.679.778.579.780.181.483.985.885.686.888.987.286.989.692.892.989.191.595.199.7

102.8101.9102.5100.0101.8107.6109.9110.7114.1117.9120.9121.298.9

104.3108.7110.4111.6115.5119.3120.5120.7121.3121.2121.6121.4121.2120.5119.1119.0119.2


73.874.273.474.975.877.580.483.183.184.587.085.685.488.391.791.888.090.894.599.3

102.7101.8102.5100.0102.0108.1110.8111.8115.4119.5122.7123.198.9

104.7109.2111.7112.8117.0121.0122.2122.7123.1123.0123.5123.4123.3122.4120.9120.8121.0

Compensationper hour3

Busi-ness

sector

20.221.121.922.923.825.026.027.829.431.834.136.739.041.545.149.554.559.464.269.976.785.093.0

100.0103.7108.1113.0118.6122.7128.0132.5139.6102.1105.2109.7115.4120.6125.3130.1131.3131.9132.6134.1136.2139.0140.9142.3143.2144.8145.8


21.322.222.923.924.725.826.728.329.932.334.537.039.441.945.449.954.859.564.370.076.784.993.0

100.0103.9108.1112.6118.1122.1127.2131.5138.3102.1105.1109.7114.8120.1124.6129.3130.4130.7131.5133.0134.9137.6139.5141.0142.0143.6144.5

Real compensationper hour4

Busi-ness

sector

67.068.770.773.275.077.979.682.984.988.289.791.293.095.898.097.097.7

100.8102.3103.4102.099.598.7

100.0100.5100.4101.3104.4104.3104.4103.1103.1100.6100.4100.6102.2105.3104.8104.3103.9102.9102.7102.8102.6103.6103.3102.6102.4103.0103.0


70.572.374.076.277.980.481.884.286.589.590.792.093.896.798.697.698.3

101.0102.4103.6101.999.498.8

100.0100.7100.4101.0104.0103.7103.8102.3102.1100.6100.3100.5101.6104.9104.2103.6103.2102.0101.8101.9101.6102.6102.3101.7101.5102.1102.1

Unit labor costs

Busi-ness

sector

31.332.132.232.532.432.733.134.435.437.239.742.243.344.847.553.157.160.564.369.677.286.293.1

100.0101.5103.3106.5109.5112.2116.0121.0127.2101.0102.1104.3108.0111.6113.7117.8119.3120.2121.5122.8124.3126.1128.5130.1131.0131.8132.4


30.731.731.732.032.032.332.633.835.136.839.341.742.944.547.152.856.760.063.969.176.885.793.1

100.0101.5103.4106.8109.9112.8116.4121.5127.9101.1101.8104.4108.4112.1114.3118.0119.8120.8121.9123.4124.9126.7129.2130.7131.6132.5133.1

Implicit pricedeflator'

Busi-ness

sector

32.132.632.833.433.734.034.936.037.138.740.542.344.346.249.053.759.062.466.571.878.385.994.5

100.0103.4107.7111.2113.6116.6120.8126.0130.8101.1104.8109.0112.4114.6117.9122.8124.2125.6126.4127.6128.8130.2131.6132.5134.0135.0135.6


31.732.232.433.133.433.834.635.736.938.540.342.144.145.847.952.858.361.966.171.277.585.694.2

100.0104.0107.6111.6114.2117.2121.4126.4131.3101.4105.2109.0112.9115.2118.5123.4124.5126.0126.9128.0129.2130.6132.2133.3134.9135.7136.4

1 Output refers to cross domestic product originating in the sector in 1987 dollars.2 Hours at work of all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates basedprimarily on establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes anestimate of wages, salaries, and supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.6 Current dollar gross domestic product divided by constant dollar gross domestic product.

Note.—Data reflect the recent comprehensive (benchmark) revision of the national income and product accounts by the Departmentof Commerce, Bureau of Economic Analysis (BEA). BEA data for output and compensation for the first three quarters of 1991incorporate benchmarking to unemployment insurance (Ul) records. However, the detailed Ul information needed by the Bureau of LaborStatistics to measure employment and hours for 1990 and 1991 is not yet available. Therefore, movements in measures based on hoursof labor input should be interpreted with caution for 1990 and 1991.



TABLE B-45.—Changes in productivity and related data, business sector, 1960-91

[Percent change from preceding period; quarterly data at seasonally adjusted annual rates]

Year orquarter

I960..19611962.. ..19631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985198619871988198919901989:1

IIIllIV

1990:1IIIllIV

1991:1IIIll

Output per hourof ail persons

Busi-ness

sector

1.63.73.54.14.3

2.73.02.53.0

1.33.62.72.6

-1.8

2.33.01.6.6

1 1

71.3.1

2.22.3

1.42.01.0.9

-.7.2

-1.5-1.0-2.0-.21.72.4

-2.2-.9-.11.91.1


1.03.23.13.63.8

2.32.12.12.9

-.0

.93.52.72.5

-2.0

2.32.71.4

14g.9.1

2.42.1

.81.9.8.9

-.9-.1

-2.8-2.0-1.3-.31.02.1

-2.5-.3

L9.9

Output1

Busi-ness

sector

1.72.15.14.76.0

6.05.32.24.42.9

-.53.26.06.2

-1.8

-1.95.85.55.52.0

-1.61.9

-2.34.18.2

3.62.84.14.31.8.4

2.6

-!l-.6

3.02.0

-3.0-3.0

-4.91.71.8


1.62.15.34.76.2

6.15.52.14.62.9

-.63.26.16.5

-1.9

-2.06.05.55.82.0

-1.71.6

-2.44.48.2

3.42.84.14.41.7.3

1.4-.6

.1

2.71.8

-3.0-3.1-4.9

1.61.6

Hours of ailpersons2

Busi-ness

sector

0.1-1.6

1.6

lie3.22.3

3L42.4

-1.9-.43.23.6.1

-4.12.83.84.93.1

-.9.6

-2.51.85.7

2.1.7

3.13.32.6

.24.2

2.0_ 4

1.2

-'.8-2.2-4.7_ 3

'.7


0.61 12.11.12.3

3.83.4o1.72.9

-1.6-.33.33.9.1

-4.23.24.15.03.4

-.8.7

-2.42.06.0

2.5.9

3.33.52.7.3

4.31.41.4_ 4

1.8-.3-.5

-2.8-4.9

— 3'.7

Compensation perhour8

Busi-ness

sector

4.33.94.73.85.2

3.87.05.78.27.3

7.66.46.38.79.9

10.09.18.08.89.8

10.79.47.63.74.2

4.54.93.54.33.55.43.52.02.14.46.68.45.74.12.64.62.8


4.43.34.13.54.6

3.36.05.87.96.8

7.26.46.48.39.9

9.98.68.08.99.5

10.79.67.53.94.0

4.24.93.44.13.45.23.41.12.54.56.08.15.64.42.74.62.7

Real compensationper hour4

Busi-ness

sector

2.62.83.62.43.9

2.24.12.53.81.7

1.71.93.02.3

-1.0

.83.21.41.2

-1.4

24-.81.3.5

-.1

.93.0-.1

.1-1.2

o-1.3-3.9-1.0

.4_ i4i3

-1.1-2.7_ g2'.4-.2


2.62.23.02.23.3

1.73.02.63.61.3

1.42.03.11.9

-1.0

.72.71.41.2

-1.6

-2.4-.71.2.7

-.3

.63.0

_ 20

-1.4-.2

-1.5-4.7-.7

.5-1.3

4.1-1.2-2.4-.82.5

_.2

Unit labor costs

Busi-ness

sector

2.7.2

1.2-.3

.9

1.13.93.15.16.7

6.12.73.55.9

11.9

7.46.06.48.2

11.0

11.58.07.41.51.9

3.02.82.53.34.35.25.13.14.24.64.85.88.15.02.72.61.7


3.301.0-.1

.8

1.03.83.64.96.9

6.22.93.75.7

12.1

7.55.86.58.1

11.1

11.78.67.41.51.9

3.32.92.63.24.35.36.43.23.84.85.05.98.44.72.72.61.9

Implicit pricedeflator5

Busi-ness

sector

1.6.6

2.0.7

1.1

2.53.22.94.54.7

4.44.64.36.19.5

10.05.86.58.09.1

9.710.15.83.44.1

3.32.22.63.64.33.84.74.42.73.74.04.34.42.84.52.91.8


1.5.6

2.1.9

1.4

2.23.13.34.64.6

4.64.64.04.5

10.2

10.46.36.87.68.9

10.410.16.14.03.5

3.72.42.63.64.13.93.94.73.03.53.84.54.83.44.82.52.1

....... s domestic product originating in the sector in 1987 dollars.2 Hours at work or all persons engaged in the sector, including hours of proprietors and unpaid family workers. Estimates basedprimarily on establishment data.3 Wages and salaries of employees plus employers' contributions for social insurance and private benefit plans. Also includes anestimate of wages, salaries, ana supplemental payments for the self-employed.4 Hourly compensation divided by the consumer price index for all urban consumers.5 Current dollar gross domestic product divided By constant dollar gross domestic product.

Note.—Percent changes are based on original data and therefore may differ slightly from percent changes based on indexes in Table

See also Note, Table B-44.Source: Department of Labor, Bureau of Labor Statistics.


PRODUCTION AND BUSINESS ACTIVITY

TABLE B-46.—Industrial production indexes, major industry divisions, 1947-91

[1987=100; monthly data seasonally adjusted]

Year or month

19$0SMMffoff1947^^194819491966196119521953195419551906195719581959I9601961196219631964196519661967 .. .196819691970197119721973197419751976197719781979198019811982198319841985 .198619871988198919901991"1990- Jan

FebMarAprMayJuneJulyAueSeptOctNovDec

1991: JanFebMarAprMayJuneJulyAugSeptOctNov"Dec "

Totalindustrial

production

100.022.723.622.325.828.829.131.629.933.735.135.633.337.338.138.441.644.047.051.756.357.560.763.561.462.268.373.872.766.372.478.282.685.784.185.781.984.992.894.495.3

100.0105.4108.1109.2107.1107.5108.5108.9108.8109.4110.1110.4110.5110.6109.9108.3107.2106.6105.7105.0105.5106.4107.3108.1108.0108.4108.2108.0107.8

Manufacturing

Total

85.021.222.020.824.226.127.221627.731.332.532.930.634.535.235.338.440.743.548.252.653.656.659.156.457.363.368.967.961.167.473.377.880.978.880.376.680.989.391.694.3

100.0105.8108.9109.9107.5108.1109.6109.8109.5110.3110.8111.1111.1111.2110.7108.9107.5107.0106.1105.2105.9106.6107.5108.3108.4108.9108.9108.6108.7

Durable

48.319.921818.923.@25.927.531.127.431.332.432.628.532.833.332.736.338.741.447.152.352.955.557.753.353.159.366.264.856.762.668.773.978.375.777.472.776.888.491.893.9

100.0107.6110.9111.6107.1108.6110.7111.9111.1112.6113.4113.4113.5113.8112.5109.9107.5107.2106.1105.0106.0106.7107.3108.1107.8108.4108.1107.7107.5

able

36.722.623.423J25.626.42€.928.028.231.332.933.533.737.138.039.141.543.846.649.852.954.658.161.161.163.669.372.772.367.774.680.183.584.683.184.582.587.090.891.594.9

100.0103.6106.4107.8108.0107.5108.3107.2107.5107.4107.6108.1108.1108.0108.4107.7107.4106.8106.0105.4105.9106.5107.6108.6109.0109.6110.0109.8110.3

^7.4

55.558.351.757.763.462.864.5§3.270.574.274.368.171.372.773.175.278.281.484.488.990.694.197.8

100.497.899.9

100.8100.398.098.9

101.5104.6106.611Q.O114.3109.3104.8111.9109.0101.0100.0101.8100.5102.6101.0101.7101.0101.1102.9102.2102.2104.0102.4103.9102.6103.3103.4101.7102.9101.5100.9100.2102.1102.7101.3101.4100.699.298.9

Utilities

7.511.713.813.915.818.119.S21.322.925.628.13©.031.434.536.939.041.944.848.751.755.658.463.168.772.976.481.384.583.584.387.689.992.795.395.994.391.893.697.099.596.3

100.0104.4107.1108.0108.7106.8104.0106.2106.7107.1109.7109.7111.4110.3109.2106.9108.8107.6104.6106.4105.9111.4111.5110.9110.7109.7108.6110.0106.7



TABLE B-47.—Industrial production indexes, market groupings, 1947-91


Year or month

1990 proportion1947194819491950195119521953195419551956195719581959196019611962.19631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991 ».1990: Jan .

FebMarAprMayJuneJulyAugSept....OctNovDec

1991: JanFebMar

May" 1JuneJulyAugSeptOctNov "..Dec "

Totalindustrial

production

100.022.723.622.325.828.029.131.629.933.735.135.633.337.338.138.441.644.047.051.756.357.560.763.561.462,268.373.872.766.372.478.282.685.784.185.781.984.992,894.495.3

100.0105.4108.1109.2107.1107.5108.5108.9108.8109.4110.1110.4110.5110.6109.9108.3107.2106.6105.7105.0105.5106.4107.3108.1108.0108.4108.2108.0107.8

Final products

Total

46.820.821.520.923.525.427.329.127.629.831.632.531.034.035.135.438.440.642.947.151.653.756.358.156.056.561.365.965.761.866.271.676.179.080.082.180.883.091.094.295.7

100.0105.6109.1110.9109.5108.5109.7110.7110.4111.2111.7111.7111.9112.6112.3110.2109.2109.1108.3108.1108.7109.3110.1110.2109.8110.4110.6110.4110.0

Consumer goods

Total

25.625.426.226.129.729.430.131.931.735.436.737.637.240.942.443.346.248.851.555.558.459.863.465.865.068.874.377.675.272.379.485.188.487.385.385.884.588.892.893.796.8

100.0104.0106.7107.3107.5106.0107.0107.5107.2107.4107,8107.5107.8108.7108.6106.5105.7105.6104.7104.7105.5106.6108.0108.3108.4109.4109.7109.8109.4

Auto-motiveprod-ucts

2.321.722.622.528.325.022.528.426.535.228.930.324.130.234.631.638.34L943.954.153.947.456.456.747.760.865.672.462.659.073.284.086.378.559.559.257.571.986.692.795.2

100.0105.9106.9102.398.085.299.3

109.3102.4107.0112.2108.7104.6111.8107.193.586.790.688.188.994.297.4

100.4102.398.6

106.5106.7104.1102.5

Otherdura-ble

goods

3.122.823.822.030.426.226.229.627.332.233.933.231.336.036.237.340.543.747.754.159.660.464.769.066,970.881085.779.369.878.287.491.289.885.186.378.186.294.690.693.9

100.0104.1108.7109.4105.8110.6111.6112.0111.2111.1112.0109.5109.6109.3106.8104.1103.4103.2100.7101.4103.4104.1107.3108.1108.3108.7108.2108.2107.4

Non-durablegoods

20.127.027.727.930.331.332.633.533.936.538.840.141.344.145.547.049.251.454.056.359.062.064.566.767869.774.276.576.574.980.484.487.887.789.189.689.791.993.494.497.6

100.0103.7106.4107.6108.9107.8107.2106.6107.1106.9106.6107.3107.9108.2109.1108.5108.4107.8107.3107.1107.2108.1109.0109.0109.6109.8110.3110.7110.5

Equipment

Total »

21.215.015.814.115.321.225.527.624.224.727.128.225.227.728.528.131.333.135.039.646.149.050.451.848.145.049.355.056.852.053.858.864.271.074.678.277.076.889.294.894.5

100.0107.6112.3115.5112.2111.8113.3114.9114.7116.2116.8117.2117.2117.8117.0115.1113.6113.6112.9112.5112.8112.7112.8112.8111.6111.8111.7111.3110.9

Busi-ness

75.714.715.313.414.317.519.820.618.119.622.723.619.922.423.022.324.325.528.532.637.838.640.342.941.339.344.852.454.748.850.656.763.171.573.576.172.971.985.491.193.2

100.0111.8119.1123.1121.5118.0120.1122.2121.6123.5124.4125.0125,4126.4125.4122.9121.2121.6120.6120.3121.3121.7121.9122.5121.3122,2122.2121.8121.8

De-fenseand

space

4.87.58.89.2

10.826.537.244.639.335.935.136.736.838.839.940.646.950.649.054.363.772.772.969.458.752.851.350.149.448.549.249.249.551.557.458.565.771.878.989.496.0

100.098.097.497.390.997,597.697.597.397.697.697.897.797.397.396.295.894.494.593.992.591.591.090.089.889.188.988.487.1

Inter-mediate

prod-ucts

14.522.423.622.426.127.427.229.129.032.934.434.433.637.137.438.140.442.745.548.451.453.556.659.658.760.567.671.969.462.669.074.979.181.277.077.075.180.386.288.392.0

100.0104.4106.8107.7103.3108.0108.4108.2108.0108.3108.3108.4107.9107.4107.0106.2106.0103.8102.6101.3101.2102.7104.0104.0104.4104.3103.5103.8103.9

Materials

Total

38.725.126.223.928.631.632.135.632.938.939.939.935.941.442.042.045.848.752.658.763.963.367.571.569.070.077.284.582.872.681.287.391.895,491.392.885.188.396.696.695.9

100.0105.6107.4107.8105.6106.2107.1107.1107.3107.7108.8109.6109.7109.4108.3106.8105.3104.8103.9102.6103.4104.5105.4107.0107.2107.5107.3106.6106.6

Dura-ble

19.821.522.119.824.928.328.933.829.235.735.835.830.135.936.335.539.442.145.952.657.955.959.262.356.556.864.273.371.259.368.475.381.485.379.382.173.479.292.192.993.7

100.0109.0111.6111.8107.1109.4110.8110.9110.9112.5113.8114.0114.9114.1112.5110.4107.5106.8105.5103.3104.9106.2106.7108.2109.1109.3108.7108.4108.6

Non-durable

8.7

25.228.930.230.129.934.234.836.239.241.645.249.653.654.559.964.965.268.074.980.480.871.981.486.789.792.988.790.582.189.293.091.794.4

100.0103.0105.3106.0106.1105.4105.8105.2106.1105.2106.1107.8106.8106.9106.5105.6104.9104.9103.6102.8103.1103.7104.9108.1107.8108.3109.4108.1109.0

Ener-gy

10.1

52.759.362.763.458.862.363.163.665.869.772.575.880.683.487.291.796.297.1

100.8101.598.896.799.0

101.1102.2105.0106.2104.3100.798.9

103.8103.499.4

100.0101.8101.4102.1102.3101.2101.7102.0101.8101.1102.1103.3103.0103.0102.3101.6102.0101.1101.1101.3101.1102.4103.4104.1103.3103.6103.0102.4101.1

1 Two components—oil and gas well drilling and manufactured homes—are included in total equipment, but not in detail shown.Source: Board of Governors of the Federal Reserve System.


TABLE B-48.—Industrial production indexes, selected manufactures, 1947-91


Year or month

1990 proportion1947194819491950195119521953195419551956195719581959196019611962196319641965.. .1966196719681969197019711972...1973197419751976... .197719781979198019811982.198319841985 . ..198619871988198919901991 "...1990: Jan

FebMarAprMayJuneJuly..AugSeptOctNovDec .

1991: JanFebMar

fc=June

AugSeptOctNovDec f

Durable manufactures

Primarymetals

Total

3.370.273.061.477.384.176.887.070.491.590.987.169.080.780.478.984.691.2

102.9113.2120.2111.1115.1123.8115.2109.2122.4138.9134.5107.2119.9121.5130.7133.0110.8117.583.291.0

102.4101.893.8

100.0110.3109.2108.499.6

105.0107.9105.4106.4106.2109.5110.3114.6111.6108.6109.1104.299.799.594.794.596.996.4

101.2102.6102.3102.6103.5103.4

Ironandsteel

2.0102.1106.891.2

112.4125.7110.6127.599.1

131.8129.3124.693.9

108.1109.9104.9109.3119.1135.5148.7153.1141.5146.1159.2148.2135.5150.6171.5166.1133.5147.1145.1155.3156.5126.0135.186.296.1

105.9104.590.8

100.0113.8109.3109.998.3

104.6110.6106.1106.7105.5110.3110.6118.3113.9110.3112.6107.399.098.092.091.694.092.999.5

100.6100.8102.4105.6105.6

Fabri-catedmetalprod-ucts

5.237.538.234.442.245.144.049.644.751.051.853.147.653.453.452.156.758.562.168.373.176.580.681.975.975.682.992.188.476.784.992.796.299.592.591.183.285.593.394.593.8

100.0106.2107.2105.9100.4105.1105.6105.5105.0107.1106.7107.7107.9106.8106.4104.3101.9101.799.197.898.099.199.8

100.9101.4101.9101.7101.5101.9

Non-elec-trical

machin-ery

9.912.012.110.311.614.716.016.714.215.617.917.915.017.517.617.119.220.523.326.230.531.131.333.932.830.535.441.444.138.140.045.150.256.960.665.963.964.380.886.890.4

100.0113.8121.8126.5123.6123.7124.2125.2125.7126.9127.5128.3128.8128.5128.1126.3124.7125.5124.5123.11215123.6123.4123.9123.3123.1123.3122.6122.7

FJectri-cal

machin-ery

8.88.58.88.3

11.311.413.014.913.315.316.516.415.018.219.821.024.124.826.231.337.537.739.842.340.540.746.553.052.445.150.758.464.071.373.375.475.980.394.193.194.3

100.0' 106.5

109.5111.4110.1110.1111.0112.3111.3112.4112.8112.2112.5112.5110.8110.4108.7107.6108.2108.6109.7110.6111.5111.0111.5111.0109.9110.9110.7

Transportationequipment

Total

9.519.621.421.525.728.733.341.836.441.940.643.534.338.940.337.843.748.049.258.562.761.366.666.155.560.164.173.066.459.768.073.779.581.072.368.764.872.783.191.896.9

100.0105.0107.2105.598.694.7

103.5107.9105.1109.0111.0109.3107.9111.1109.2100.196.697.695.595.097.298.299.7

101.399.0

102.2102.499.798.0

Motorvehicles

andparts

4.127.329.630.439.035.830.738.733.344.636.238.028.036.441.136.043.948.649.963.762.6

- 55.166.066.353.366.973.085.073.462.281.994.799.291.067.064.458.874.590.699.098.5

100.0105.5104.996.890.476.894.1

103.595.8

104.0108.0102.7101.0107.5103.885.878.583.079.479.886.289.892.596.791.699.5

100.495.894.8

Lumberand

prod-ucts

1.938.840.435.743.443.242.745.144.850.149.545.446.152.349.351.654.456.961.163.565.965.367.267.166.768.578.478.771.466.575.682.383.682.476.974.767.379.986.088.095.1

100.0104.6103.0101.694.0

106.0104.3105.0103.3101.7102.0103.6100.5100.398.295.593.594.291.591.292.792.596.794.895.395292.494.995.5

Nondurable manufactures

Apparelprod-ucts

2.143.145.044.547.947.049.550.149.554.756.055.854.359.760.961.363.866.468.772.674.574.176.078.475.376.280.981.577.971.183.991.693.989.089.291.090.193.895.792.696.3

100.0102.2104.398.896.3

102.4102.199.898.799.299.399.298.898.497.295.594.992.993.192.593.295.296.297.898.398.198.799299.5

Textilemill

prod-ucts

1.735.237.734.839.639.238.939.937.342.543.741.641.146.445.646.950.151.956.061.064.764.872.376.074.478.586.089.681.577.786.391.692.095.092.189.483.093.293.789.793.9

100.099.8

101.9100.8100.6100.6103.099.8

100.9102.7103.6102.9100.4100.7101.297.496.194.094.395.497.299.2

101.7104.2104.7103.2105.4104.0104.1

Printingand

publish-ing

6.522.123.223.824.925.425.326.527.630.332.333.432.634.836.236.437.739.742.144.848.350.951.754.252.753.256.758.357.453.758.764.368.169.970.372.175.279.084.587.690.7

100.0103.6108.5111.9112.4110.7112.1111.4112.0112.8112.0111.4110.9111.6112.9112.4112.8112.1110.9101.4110.7110.6111.2111.9112.3113.3114.3114.8115.4

Chem-icalsand

prod-ucts

8.78.79.49.3

11.613.113.714.815.017.618.919.920.624.024.926.129.031.734.838.742.244.249.653.755.959.566.973.175.869.177.383.388.091.387.889.281.887.591.491.494.6

100.0105.4108.5110.3111.2109.9110.5109.5110.3109.2110.3110.4111.1110.9110.7110.0109.9110.1109.1108.2109.0109.2109.6111.5112.3112.6113.9114.1114.8

Foods

8.633.132.833.134.335.035.736.437.239.341.542.243.245.446.647.949.551.253.654.856.959.461.063.064.066.069.570.971.971.475.579.081.882.684.686.587.790.192.194.997.4

100.0102.8105.5107.6108.6106.8107.4107.1107.0106.8106.1107.1107.7107.6108.8109.6109.1108.3107.6107.4107.6107.8108.6108.3108.7109.5109.8110.0110.0



TABLE B-49.—Capacity utilization rates, 1948-91

[Percent»; monthly data seasonally adjusted]

Year or month

19481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976.197719781979198019811982198319841985... .198619871988198919901991 p

1990: JanFebMarAprMay:::::::::::::::::::::::::"":JuneJulyAugSeptOctNovDec

1991: JanFebMarAprMayJuneJulyAugSept. ..OctNov ".Dec"

Totalindustry

86486.886980879284388484274679383385586282180975075881.1803792814840842830794827833834832834838838837836830816806800791784786791796800798799796793790

Total

82574282885885489380187086183675.081680177381483585689591 187287.286879778283788183873278582885185480278872874980479579081483983982378282083083082582983183 1829828822807794789780772775778783787786788786782781

Durablegoods

87186.886.376.774380987582770275480383584978.676669.070578.377876178682582 881 175879981382081 282282582382382281 279177276875874975475776076476076275875475 1

Manufacturing

Non-durablegoods

86.386.686.682.982886687584076481885286285181481078.081 183.181983085486085 583981684985384384384083984 183883683682982481881 0803805807814820821823824821822

Primaryprocessing

87376.288590.284989.480692089.484775.483079877981583887.891.091485.486.386.980.479386.491586072.980184086386478.078069.074880.479880884987887 084980185786185385085085686186185184383281 580679577978279079981 181.2813812807809

Advancedprocessing

80.073.279883.485989.380084.284.483.174.981.180.577281683484.688.891 188.087.486.579.177.482.586582.873.577881.984384.881.379.174.674.980.379478.279982.382781.277480.581.782081582.182081 881.681881379.678578277476877377.377677877.5111776772770

Mining

81.283.586.688.987.490.492.592.589.990.090.991.391.994.094.686.579.984.482.978.280084.685989.488.487.887.487.689388.989.090789.490.989990.690.889.590489.088387.689289.688.588.587886.5862

Utilities

93.494.195.895.493.994.692.986.884.084.884.684.885.985.582.879.580.382.583.580.282.584.285.485.284.584.882.584.184184.686.686.487.686.785.683.885.184.181683.082686.786.786.285.985.184185.282.5

1 Output as percent of capacity.Source: Board of Governors of the Federal Reserve System.


TABLE B-50.—-N«*> construction activity, 1929-91

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

192919331939

19401941 .194219431944

19451946

New series194719481949 .. .

19501951195219531954

19551956195719581959

1960196119621963

New series

1964

19651966196719681969

19701971 .197219731974

19751976197719781979

19801981198219831984 ..

1985 ..1986198719881989

1990

Tntal

newconstruc-

tion

10.82.98.2

8.712.014.18.35.3

5.814.3

20.026.126.7

33.635.436.839.141.4

46.547.649.150.055.4

54.756.460.264.8

72.1

78.081.283.092.499.8

100.7117,3133.3146.8147.5

145.6165.4193.1230.2259.8

259.7272.0260.6294.9348.8

377.4407.7419.3432.2443.7

446.4

Private construction

Total

8.31.24.4

5.16.23.42.02.2

3.412.1

16.721.420.5

26.726.226.027.929.7

34.834.935.134.639.3

38.939.342.345.5

51.9

56.157.457.665.072.0

72.887.6

103.3114.5109.3

102.3121.5150.0180.0203.2

196.1207.3197.5231.5278.6

299.5323.1328.6337.4345.4

337.8

Residentialbuildings 1

Total8

3.6

2>

3.03.51.7.9.8

1.36.2

9.913.112.4

18.115.915.816.618.2

21.920.219.019.824.3

23.023.125.227.9

30.5

30.228.628.734.237.2

35.948.560.765.156.0

51.668.392.0

109.8116.4

100.499.284.7

125.5153.8

158.5187.1194.7198.1196.6

182.9

Newhousing

units

3.0

2i3

2.63.01.4.7.6

.74.8

7.810.510.0

15.613.212.913.414.9

18.216.114.715.419.2

17.317.119.421.7

24.1

23.821.821.526.729.2

27.138.750.154.643.4

36.350.872.285.689.3

69.669.457.094.6

113.8

114.7133.2139.9138.9139.2

128.0

Nonresidential buildings and otherconstruction l

Total

4.7

17

2.12.71.71.11.4

2.15.8

6.98.28.0

8.610.310.211.311.5

12.914.716.114.815.1

15.916.217.217.6

21.4

25.828.828.830.834.8

37.039.142.649.453.4

50.753.258.070.286.8

95.7108.0112.9106.0124.8

141.1136.0134.0139.3148.9

154.9

Com-mer-cial3

1.1.1

.3

.4

.2

.0

.1

.21.2

1.01.41.2

1.41.51.11.82.2

3.23.63.63.63.9

4.24.75.15.0

6.8

8.18.18.09.0

10.8

11.213.115.718.118.1

14.314.116.420.628.3

34.640.244.143.959.1

72.669.568.971.573.9

72.5

Indus-trial

0.9.2

.4

.8

'.2

.61.7

1.71.41.0

1.12.12.32.22.0

2.43.13.62.42.1

2.92.82.82.9

3.6

5.16.66.06.06.8

6.65.54.86.48.1

8.37.48.0

11.515.6

14.618.018.513.814.8

17.114.915.016.520.4

23.8

Other*

2.6

l'.2

1.31.51.2.9

1.1

1.33.0

4.25.55.9

6.16.76.87.37.2

7.38.09.08.89.0

8.98.79.29.7

11.0

12.614.114.915.817.2

19.220.522.124.927.2

28.231.633.738.242.8

46.649.850.248.250.8

51.351.650.051.454.6

58.5

Public construction

Total

2.51.63.8

3.65.8

10.76.33.1

2.42.2

3.34.76.3

6.99.3

10.811.211.7

11.712.714.115.516.1

15.917.117.919.4

20.2

21.923.825.427.427.8

27.929.730.032.338.1

43.344.043.150.156.6

63.664.763.163.570.2

77.884.690.694.898.3

108.7

Federal

0.2.5.8

1.23.89.35.62.5

1.7.9

.81.21.5

1.63.04.24.13.4

2.82.73.03.43.7

3.63.93.94.0

3.7

3.93.83.33.23.2

3.13.84.24.75.1

6.16.87.18.18.6

9.610.410.010.611.2

12.012.414.112.312.4

12.4

State andlocal5

2.31.13.1

2.42.01.3.7.6

.71.4

2.53.54.8

5.26.36.67.18.3

8.910.011.112.112.3

12.213.314.015.4

16.5

18.020.022.124.224.6

24.825.925.827.633.0

37.237.236.042.048.1

54.054.353.152.959.0

65.872.276.682.585.9

96.3



TABLE B-50.—New construction activity, 1929-91—Continued

[Value put in place, billions of dollars; monthly data at seasonally adjusted annual rates]

Year or month

1990: JanFebMarAprJay :::::::::::::::"" :June

JulyAugSeptOct.. .Nov ,.Dec

1991: Jan .FebMarAprMayJune

JulyAug...SeptOctNov"

Totalnew

construc-tion

457.3466.1464.4454.7451.1450.4

453.1449.7437.2434.6431.4421.3

406.5410.1401.9407.1399.0398.2

398.4403.2407.0409.4406.3

Private construction

Total

349.8356.3356.8350.3344.4342.0

345.2336.9330.3324.1317.2311.3

303.9300.5293.3299.0291.0290.9

290.3293.4296.6296.7293.6

Residentialbuildings '

Total2

195.2197.8198.6193.9188.8185.2

183.1180.6175.4172.1168.0165.0

161.8155.6152.4151.8154.6158.3

158.0162.8166.6167.5167.3

Newhousing

units

137.7141.6142.0137.4133.1129.7

127.8125.8121.6119.0115.1113.0

107.9103.5100.8100.6103.2106.7

109.9114.4118.0118.6119.0

Nonresidential buildings and otherconstruction l

Total

154.6158.5158.2156.4155.6156.9

162.2156.3154.9151.9149.2146.3

142.1144.9140.8147.2136.5132.6

132.3130.6130.0129.2126.2

Com-mer-cial3

74.576.675.774.673.874.2

75.473.572.369.166.865.6

62.762.960.162.757.553.0

52.551.650.948.945.7

Indus-trial

23.125.324.724.224.424.1

27.322.922.522.822.523.0

22.423.223.124.320.720.9

20.920.420.321.421.6

Other4

57.056.657.857.757.558.5

59.559.960.059.959.957.7

57.058.757.660.258.358.8

58.958.658.858.858.9

Public construction

Total

107.5109.8107.6104.3106.7108.4

107.9112.8106.8110.5114.2110.0

102.6109.6108.6108.0108.0107.3

108.1109.7110.4112.8112.8

Federal

12.312.013.113.012.013.0

13.413.412.110.712.411.7

12.711.211.214.312.613.8

13.113.213.414,215.3

State andlocal5

95.297.894.591.394.795.4

94.599.494.799.8

101.898.3

89.998.397.493.795.493.5

95.096.596.998.697.5

1 Beginning 1960, farm residential buildings included in residential buildings; prior to 1960, included in nonresidential buildings andother construction.

2 Includes residential improvements, not shown separately. Prior to 1964, also includes nonhousckeeping units (hotels, motels, etc.).3 Office buildings, warehouses, stores, restaurants, garages, etc., and, beginning 1964, hotels and motels; prior to 1964 hotels andmotels are included in total residential.

4 Religious, educational, hospital and institutional, miscellaneous nonresidential, farm (see also footnote 1), public utilities,telecommunications, and all other private.5 Includes Federal grants-in-aid for State and local projects.



TABLE B-51.—New housing units started and authorized, 1959^91

[Thousands of units]

Year or month

1959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980 .19811982 .1983198419851986 .19871988198919901991'


1991: JanFebMarAprMay . .jun

ye :::JulyAug:::::::::::::::::::::::""SeptOct.::::::::::::::::::::::"Nov"Dec"

New housing units started

Private and public 1

Total(farm andnonfarm)

1,551,291,361,491,631,561,501,191,321,541,491,462,082,372,051,351,171,542,002,031,761,311,101,071,711,751,741,801,62

3.76.15.02.54.91.09.75.81.95.49.59.04.58.57.52.51.47.61.76.10.02.60.32.12.55.85.07.12.7

i

Nonfarm

1,531,271,331,461,611,531,481,171,291,521,48

1.34.06.88.74.84.07.52.88.81.42.3

!

Private (farm and nonfarm) l

Total

1,517.01,252.21,313.01,462.91,603.21,528.81,472.81,164.91,291.61,507.61,466.81,433.62,052.22,356.62,045.31,337.71,160.41,537.51,987.12,020.31,745.11,292.21,084.21,062.21,703.01,749.51,741.81,805.41,620.51,488.11,376.11,192.71,014.7

Type of structure

1 unit

1,234.0994.7974.3991.4

1,012.4970.5963.7778.6843.9899.4810.6812.9

1,151.01,309.21,132.0

888.1892.2

1,162.41,450.91,433.31,194.1

852.2705.4662.6

1,067.61,084.21,072.41,179.41,146.41,081.31,003.3

894.8841.6

2 to 4units

28:25-3314759(

108.486.661.171.680.985.084.8

120.3141.3118.368.164.085.9

121.7125.0122.0109.591.180.0

113.5121.4

93.484.065.358.855.237.536.3

5 unitsor more

J.Or.4J.71.5).8

450.0422.5325.1376.1527.3571.2535.9780.9906.2795.0381.6204.3289.2414.4462.0429.0330.5287.7319.6522.0544.0576.1542.0408.7348.0317.6260.4136.8

New private housing units authorized 2

Total

1,208.3998.0

1,064.21,186.61,334.71,285.81,239.8

971.91,141.01,353.41,323.71,351.51,924.62,218.91,819.51,074.4

939.21,296.21,690.01,800.51,551.81,190.6

985.51,000.51,605.21,681.81,733.31,769.41,534.81,455.61,338.41,110.8

960.8

Type of structure

1 unit

938.3746.1722.8716.2750.2720.1709.9563.2650.6694.7625.9646.8906.1

1,033.1882.1643.8675.5893.6

1,126.11,182.6

981.5710.4564.3546.4901.5922.4956.6

1,077.61,024.4

993.8931.7793.9758.5

2 to4units

77.164.667.687.1

118.9100.884.861.073.084.385.288.1

132.9148.6117.0

64.363.993.1

121.3130.6125.4114.5101.888.3

133.6142.6120.1108.489.375.767.054.345.7

5 unitsor more

192.9187.4273.8383.3465.6464.9445.1347.7417.5574.4612.7616.7885.7

1,037.2820.5366.2199.8309.5442.7487.3444.8365.7319.4365.8570.1616.8656.6583.5421.1386.1339.8262.6156.6

Seasonally adjusted annual rates

1,5431,4591,2981,2171,2081,1871,1551,1311,1061,0261,130

971847992907977983

1,0341,0491,0561,0171,0901,0751,103

1,0781,127

988901897890876835858839769751648788742801831869879883861889910948

534135513841313035225417293728323624464228513356

41229127526527325624826621316530720317016713714411614112413112815013299

1,7581,3431,2051,1231,0881,1231,0861,055

989925916854802876892913966999

1,005953982

1,028993

1,055

998978884816808801781756730703668645611695689742760780794769782796787851

846255575149586148444244404445454154424648505843

676303266250229273247238211178206165151137158126165165169138152182148161

1 Units in structures built by private developers for sale upon completion to local public housing authorities under the Department ofHousing and Urban Development "Turnkey" program are classified as private housing. Military housing starts, including those financedwith mortgages insured by FHA under Section 803 of the National Housing Act, are included in publicly owned starts and excluded fromtotal private starts.2 Authorized by issuance of local building permit: in 17,000 permit-issuing places beginning 1984; in 16,000 places for 1978-83; in14,000 places for 1972-77; in 13,000 places for 1967-71; in 12,000 pfaces for 1963-66; and in 10,000 places prior to 1963.3 Not available separately beginning January 1970.4 Series discontinued December 1988.



TABLE B-52.—Business expenditures for new plant and equipment, 1947-92


Year or quarter

194719481949 . . .

19501951195219531954

19551956195719581959

19601961 ,196219631964

1965. .1966196719681969

197019711972 .19731974

19751976197719781979

19801981 .19821983 .. .1984

1985198619871988198919901991*1992 4

1990: I||IllIV

1991: 1||IllIV *

1992:1*II*

Industries surveyed quarterly

Allindus-tries

20.1122.7820.28

21.5626.8128.1629.9628.86

30.9437.9040.5433.8435.88

39.4438.3440.8643.6751.26

59.5270.4072.7576.4285.74

91.9192.91103.40120.03139.67

142.42158.44184.82216.81255.26

286.40324.73326.19321.16373.83

410.12399.36410.52455.49507.40

532.61529.97558.60

532.50534.55534.11530.13

535,50524.57527.86531.96

563.31580.52

Manufacturing

Total

8.739.257.32

7.7311.0712.1212.4312.00

12.5016.3317.5012.9813.76

16.3615.5316.0317.2721.2325.4131.3732.2532.3436.27

36.9933.6035.4242.3552.48

53.6658.5357.4878.1395.13

112.60128.68123.97117.35139.61

152.88137.95141.06163.45183.80

192.61184.31184.06

192.16195.02194.05189.72

191.13187.35177.05181.72

188.11197.49

Dura-ble

goods

3.393.542.67

3.225.125.755.715.49

5.878.198.596.216.72

8.287.437.818.6410.98

13.4917.2317.8317.9319.97

19.8016.7818.2222.6326.77

25.3727.5032.7739.0247.72

54.8258.9354.5851.6164.57

70.8765.6868.0377.0482.56

82.5877.0479.38

86.0384.1582.4879.03

81.2479.6974.5172.74

80.5884.87

Non-durablegoods

5.345.714.64

4.515.956.376.726.51

6.628.158.916.777.04

8.088.108.228.6310.25

11.9214.1514.4214.4016.31

17.1916.8217.2019.7225.71

28.2831.0334.7139.1047.41

57.7769.7569.3965.7475.04

82.0172.2873.0386.41101.24

110.04107.27104.68

106.14110.87111.57110.69

109.90107.66102.54108.98

107.52112.61

Nonmanufacturing

Total *

11.3813.5312.96

13.8315.7416.0417.5316.8518.4421.5723.0420.8622.12

23.0822.8024.8326.4030.04

34.1239.0340.5044.0849.47

54.9259.3167.9877.6787.19

88.7699.91117.34138.69160.13

173.80196.06202.22203.82234.22

257.24261.40269.46292.04323.60

339.99345.66374.54

340.33339.53340.06340.41

344.37337.22350.81350.24

375.20383.03

Min-ing

0.69.93.88.841.111.211.251.29

1.311.641.691.431.35

1.291.261.411.261.33

1.361.421.381.441.77

2.022.672.883.304.58

6.127.639.8110.5511.05

12.7115.8114.1110.6411.8612.008.158.289.299.219.8810.069.509.629.779.9710.12

9.8910.0910.0910.15

10.5810.01

Trans-porta-tion

2.693.172.80

2.873.603.563.582.91

3.103.563.842.723.47

3.543.143.593.644.71

5.666.686.576.917.23

7.176.427.148.009.16

9.9511.1012.2012.0713.91

13.5612.6711.7510.8113.4414.5715.0515.0716.6318.8421.4722.1826.24

21.8421.9421.0821.1823.2523.0522.8319.61

24.8227.68

Publicutili-ties

1.642.673.28

3.423.753.964.614.23

4.264.785.955.745.46

5.405.205.125.335.80

6.497.829.3310.5211.70

13.0314.7016.2617.9919.96

20.2322.9027.8332.1037.53

41.3247.1753.5852.9557.53

59.5856.6156.2660.3766.28

67.2165.9871.4465.4164.6467.6870.24

67.0464.5866.4765.82

71.5274.47

Com-mercialandother

6.386,776.01

6.707.297.318.098.42

9.7711.5911.5610.9711.84

12.8613.2114.7116.1718.20

20.6023.1123.2225.2228.77

32.7135.5241.6948.3953.49

52.4758.2967.5183.9697.64

106.21120.41122.79129.41151.39

171.09181.59189.84205.76229.28

241.43247.44267.35

243.46243.18241.32238.87

244.19239.50251.42254.66

268.28270.88

Addenda

Totalnon-farmbusi-ness2

22.2725.9724,03

25.8131.3832.1634.2033.62

37.0845.2548.6242.5545.17

48.9948.1451.6153.5962.02

70.7982.6283.8288.92100.02

106.15109.18120.91139.26159.83

162.60179.91208.15244.40285.24

318.08358.77363.08359.73418.38

454.93447.11461.51508.22563.93

591.96

Manu-fac-tur-ing

8.739.257.32

7.7311.0712.1212.4312.00

12.5016.3317.5012.9813.76

16.3615.5316.0317.2721.23

25.4131.3732.2532.3436.27

36.9933.6035.4242.3552.48

53.6658.5367.4878.1395.13

112.60128.68123.97117.35139.61

152.88137.95141.06163.45183.80

192.61184.31184.06

192.16195.02194.05189.72

191.13187.35177.05181.72

188.11197.49

Nonmanufacturing

Total

13.5416.7316.72

18.0820.3120.0421.7721.62

24.5828.9131.1129.5731.41

32.6332.6035.5836.3340.80

45.3951.2551.5756.5863.74

69.1675.5885.4996.91107.35

108.95121.38140.67166.27190.11

205.48230.09239.11242.38278.77

302.05309.16320.45344.77380.13

399.34

Sur-veyedquar-terly

11.3813.5312.96

13.8315.7416.0417.5316.8518.4421.5723.0420.8622.12

23.0822.8024.8326.4030.04

34.1239.0340.5044.0849.47

54.9259.3167.9877.6787.19

88.7699.91117.34138.69160.13

173.80196.06202.22203.82234.22

257.24261.40269.46292.04323.60

339.99345.66374.54

340.33339.53340.06340.41

344.37337.22350.81350.24

375.20383.03

Sur-veyedannu-ally3

2.163.193.76

4.254.574.004.234.76

6.147.358.088.729.29

9.559.8010.759.9310.7611.2712.2211.0712.5014.27

14.2416.2617.5119.2420.16

20.1921.4723.3327.5829.98

31.6834.0436.8938.5644.55

44.8147.7550.9952.7356.53

59.35

1 Excludes forestry, fisheries, and agricultural services; professional services; social services and membership organizations; and realestate, which, effective with the April-May 1984 survey, are no longer surveyed quarterly. See last column ("nonmanufacturing surveyedannually") for data for these industries.2 "All industries" plus the part of nonmanufacturing that is surveyed annually.3 Consists of forestry, fisheries, and agricultural services; professional services; social services and membership organizations; andreal estate.

4 Planned capital expenditures as reported by business in October and November 1991, corrected for biases.Source: Department of Commerce, Bureau of the Census.


TABLE B-53.—Manufacturing and trade sales and inventories, 1950-91

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

1950195119521953195419SS19561957. . .195819591960196119621963196419651966196719681969. .. .197019711972.. . .1973 .19741975... . .19761977....19781979198019811982198319841§85198619871988198919901990: Jan

FebMar

MavJuneJulyAugSeptOctNovDec


Aug:::::::::."::::SeptOctNov "

Total manufacturing andtrade

Sales1

38,59643,35644,84647,98746,44351,69454,06355,87954,2*159,72966,82761,15965,66268,99573,68280,28387,18790,76598,667135,585108,109116,769130,931153,762177,946182,402264,381229,773260,592298,144327,874356,700348,755370,441411,391423,806431,668459,088496,330525,839542,917531,420537,551540,938535,418540,387544,643541,799554,180549,804554,628546,533534,760527,074527,915523,117530,872535,926536,977541,023539,578540,898542,982542,761

Inven-tories2

59,82270,24272,37776,12273,17§79,51687,36489,65287.08S92,99794,71995,586101,949165,463111,564128,929136,824144,856155,713169,362177,439187,633201,746233,944285,716288,190318,088350,328400,397452,216509,256546,363574,518590,968650,789665,066664,031711,595767,706810,257826,941810,742810,024810,830812,976816,667813,118818,689822,683825,964829,140830,857826,941831,445828,201819,615816,893811,713807,105806,802806,648809,793813,024814,340

Ratio3

1.361.551.581.S81.661.471.S51.S91.611.541.561.561.541.531.511.511.571.601.581.661.641.611.541.521.611.581.561.521.541.521.551.531.671.551.531551.551.501.491.511.511.531.511.501.521.511.491.511.481.501.491.521.551.581,571.571.541.511.501.491.491.501.501.50

Manufacturing

Sales1

18,63421,71422,52924,84323,35526,46927,74628,73627,24839,28639,87836,92233,35*35,05837,33146,99544,87046,48656,22953,50152,86555,96663,02772,93184,79086,58998,797113,201126,905143,936154,391168,129163,351172,547196,682194,538194,657206,326223,541236,689243,122232,180238,812241,975238,663243,214244,602242,754251,502247,916251,953245,827236,575234,548233,215228,715234,886238,289239,118240,193241,894242,240245,134245,586

Inven-tones'

31,07839,36641,13643,94641,6124S.06959,64251,87156,26352,91353,76654,87158,17266,02963,41668,26777,98684,64690,56698,145101,599162,567108,121124,499157,625159,768174,636188,378211,686242,150265,210283,395311,829312,350339,484334,863322,731338,212367,596383,825388,811386,547386,273384,947385,652386,235384,373387,104387,986390,992391,460392,370388,811388,381388,459385,982385,145381,877379,968378,002377,388378,837378,064378,034

Ratio3

1.481.661.781.761.811.621.731.861.841.751.741.771.741.711.701.661.741.821.861.831.921.831.721.711.861.841.771.661.671.681.721.691.951.781.731.731.681.591.581.611.601.661.621.591.621.591.571.591.541.581.551.601.641.661.671.691.641.601.591.571.561.561.541.54

Merchant wholesalers

Sales1

7,6958,5878,7829,0528,9939,99316,51310,4751S.25711,49111,65611,96812,67413,38214,52915,61116,98719,52026,92622,69424,03126,35629,69538,17347,98946,80350,88556,36466,66979,47293,704102,01396,290100,324113,393114,626116,151124,254135,176144,005149,193148,326148,351149,113147,568148,430149,885148,547151,694149,918150,588148,037148,036144,723143,608142,935145,019144,927145,217147,635145,524146,000145,365145,444

Inven-tories2

9,2849,86616,21616,68610,63711,67613,28612,73612,73813,87914,12614,46814,93616,04817,00618,31726,76524,95526,26828,76232,19935,21038,81645,55657,23956,97264,36572,80186,40599,262122,979130,275128,196130,906143,557148,484154,713165,271180,313188,273195,567188,470188,653189,580190,968192,557191,042192.042192,641193,077194,080194,984195,567198,993198,563196,733195,052193,632192,039192,806192,503191,211193,005194,148

Ratio3

1.071.161.121.17

L131.191.231.241.211.211.211.161.201.171.171.221.281.261.271.341.341.311.191.191.221.261.291.301.251.311.281.351.271.221.281.311.281.301.281.291.271.271.271.291.301.271.291.271.291.291.321.321.371.381.381.351.341.321.311.321.311.331.33

Retail trade

Sales1

12,26813,94613,52914,99114,99§15,32115,811

M,m17,95114,29418,24919,63626,55621,82323,67725,33024,75827,45329,39031,26434,51338,29942,65845,16749,01054,69960,20767,01874,73779,77986,55889,11497,570107,316114,642120,860128,509137,613145,146150,602150,914150,388149,850149,187148,743150,156150,498150,984151,970152,087152,669150,149147,803151,092151,467150,967152,710152,642153,195152,160152,658152,483151,731

Inven-tories2

19,46021,05021,63121,48829,98622,76923,49224,45124,1132S,36§26,81326,22127,94129,36631,09434,40538,07335,24938,88542,45543,64149,85654,80962,98970,85271,51079,08789,149102,306110,804121,067132,693134,493147,712167,748181,773186,587208,112219,791238,159242,563235,725235,098236,303236,356237,875237,703239,543242,056241,895243,600243,503242,563244,071241,179236,900236,696236,204235,098235,994236,757239,745241,955242,158

Ratio3

1.381.641.S21.531.511.431.4?1.441.441.411.471.441.421.431.421.451.501.421.421.441.461.441.431.481.571.461.451.481.531.481.521.531.491.441.491.521.561.551.551.601.591.561.561.581.581.601.581.591.601.591.601.591.621.651.601.561.571.551.541.541.561.571.591.60

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period. Inventories beginning January 1982 for manufacturing and December 1980 for wholesale and

retail trade are not comparable with earlier periods.3 Inventory/sales ratio. Annual data are: beginning 1982, averages of monthly ratios; for 1958-81, ratio of December inventories to

monthly average sales for the year; and for earlier years, weighted averages. Monthly data are ratio of inventories at end of month tosales for month.

Note.—Earlier data are not strictly comparable with data.beginning 1958 for manufacturing and beginning 1967 for wholesale andretail trade.



TABLE B-54.—Manufacturers' shipments and inventories, 1950-91

[Millions of dollars; monthly data seasonally adjusted]

Year ormonth

195019511952 ...1953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977...,19781979.198019811982....19831984198519861987 .1988198919901990: Jan

FebMar

fc:June....JulyAugSept....OctNovDec

1991: JanFebMar

fcJune....JulyAugSept....OctNov p. ..

Shipments *

Total

18,63421,71422,52924,84323,35526,48027,74028,73627,24830,28630,87830,92233,35835,05837,33140,99544,87046,48650,22953,50152,80555,90663,02772,93184,79086,58998,797113,201126,905143,936154,391168,129163,351172,547190,682194,538194,657206,326223,541236,689243,122232,180238,812241,975238,663243,214244,602242.754251,502247,916251,953245,827236,575234,548233,215228,715234,886238,289239,118240,193241,894242,240245,134245,586

Dura-ble

goodsindus-tries

8,84510,49311,31313,34911,82814,07114,71515,23713,55315,59715,87015,60117,24718,25519,61122,19324,61725,23327,62429,40328,15629,92433,98739,63544,17343,59850,62359,16867,73175,92777,41983,72779,21285,48197,940101,279103,238108,128117,993124,532125,388118,699125,092126,769123,885127,891129,167126,531130,441125,783127,692122,693118,578117.648117,432114,487119,721121,024122,240122,994124,459124,965126,404126,545

Non-durablegoodsindus-tries

9,78911,22111,21611,49411,52712,40913,02513,49913,69514,68915,00815,32116,11116,80317,72018,80220,25321,25322,60524,09824,64925,98229,04033,2%40,61742,99148,17454,03359,17468,00976,97284,40284,13987,06692,74293,25991,41998,198105,549112,156117,735113,481113,720115,206114,778115,323115,435116,223121,061122,133124,261123,134117,997116,900115,783114,228115,165117,265116,878117,199117,435117,275118,730119,041

Inventories 2

Total

31,07839,30641,13643,94841,61245,06950,64251,87150,20352,91353,78654,87158,17260,02963,41068,20777,98684,64690,56098,145101,599102,567108,121124,499157,625159,708174,636188,378211,686242,150265,210283,395311,829312,350339.484334,803322,731338,212367,596383,825388,811386,547386,273384,947385,652386,235384,373387,104387,986390,992391,460392,370388,811388,381388,459385,982385,145381,877379,968378,002377,388378,837378,064378,034

Durable goods industries

Total

15,53920,99123,73125,87823,71026,40530,44731,72830,19432,01232,33732,49634,56535,77638,42142,18949,85254,8%58,73264,59866,65166,13670,06781,192101,493102,590111,988120,877138,174160,725174,779186,420200,409199,814221,284218,182212,010220,790241,389253,261252,836255,068254,499252,994254,328254,564252,877254.521254,721255,278255,113256,387252,836252,170252,256250,405249,546246,964245,642244,467243,616244,310242,816242,451

Mate-rialsand

supplies

8,9667,8949,19410,41710,6089,97010,70910,30610,24610,79411,05311,94613,29815,46416,42317,34418,63619,14919,67920.80725,94435,07033,90337,45740,18645,20252,67555,17957,99959,13160,32266,02764,02061,44563,68569,48871,29571,19171,42370,91670,28270,39070,59970,10770,63770,04470,26870,74171,04171,19171,20870,98070,10169,27468,42567,38766,93666,95167,02766,82366,565

Workin

proc-ess

10,7209,72110,75612,31712,83712,40813,08612,80913,21114,12414,83516,15818,05521,90824,93227,21330,28229,74528,55030,71335,49042,53043,22746,07450,22658,84169,31776,93780,98786,69386,88498,23498,06596,923102,324112,360120,890119,169122,536121,590120,881121,720121,617120,546121,509121,956122,352121,692122,487119,169119,015119,010118,646118,041117,308117,748117,350116,308116,762115,492115,472

Finishedgoods

6,2066,0406,3487,5658,1257,8168,2179.222S,0399,6479,88810.31710,83612,48013,54114,17515,68017,75717,90718,54719,75823,89325,46028,45730,46534,13!38,73342,66347,43454,58552,60857,02356,09753,64254,78159;54161,07662,47661,10961,99361,83162,21862,34862,22462,37562,72162,65862,68062,85962,47661,94762,26661,65862,23161,23160,50760,18160,35760,52160,50160,414

Nondurable goods industries

Total

15,53918,31517,40518,07017,90218,66420,19520,14320,00920,90121,44922,37523,60724,25324,98926,01828,13429,75031,82833,54734,94836,43138,05443,30756,13257,11862,64867,50173,51281,42590,43196,975111,420112,536118,200116,621110,721U7.422126,207130,564135,975131,479131,774131,953131,324131,671131,496132,583133,265135,714138,347135,983135,975136,211136,203135,577135,599134,913134,326133,535133,772134,527135,248135,583

Mate-rialsand

supplies

8,3178,1678,5568,9718,7758,6769,0949,0979,5059,83810,00910,16710,48711,19711,76012,32812,75313,16313,68614,67718,14723,74423,56525,84727,38729,60632,80336,59338,15944,03544,81045,68944,09442,33445,35049,15848,45649,71048,31648,35948,73148.46148,40548,27548 *5449,00349,40749,84549,98149,71050,03449,70649,66149,52349,34249,30549,40949,23749,28449,55649,286

Workin

proc-ess

2,4722,4402,5712,7212,8642,8272,9422,9473,1083,3043,4203,5313,8254,2264,4314,8525,1205,2715,6785,9986,7298,1898,8349,92910,96112,08313,90615,88216,19518,60918,69819,34419,47018,15319,32120,48922,42422,90622,47922,38722,36022,30822,47622,17122,28622,68323,14923,15522,95022,90622,42622,36921,99822,29622,22422,39522,22822,33922,78622,82022,496

Finishedgoods

7,4097,4157,6668,6228,6248,5068,8659,4059,76210,46710,82411,29111,70612,71113,55914,64815,67416,50917,06717,37918,43124,19924,71926,87229.15331,82334,71637,95642,62148,77649,02853,16753,05750,23452,75156,56059,68463.35960,68461,02860,86260,55560,79061,05061.64361,57963,15863,34763,05263,35963,75164,12863,91863,78063,34762,62661,89862,19662,45762,87263,801

1 Monthly average for year and total for month.2 Seasonally adjusted, end of period. Data beginning 1982 are not comparable with data for prior periods.

Note.—Data beginning 1958 are not strictly comparable with earlier data.



TABLE B-55.—Manufacturers' new and unfilled orders, 1950-91

[Amounts in millions of dollars; monthly data seasonally adjusted]

Year or month

1950195119521953195419551956195719581959I9601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982 .198319841985198619871988...198919901990: Jan

FebMar

fczi:June.JulyAugsept:::"":::::::OctNovDec

1991: JanFebMar

it:::::::::JuneJulyAugsept:::::::::::::OctNov i

New orders1

Total

20,11023,90723,20423,58622,33527,46528,36827,55927,19330,71130,23231,11233,44035,51138,24042,13746,42047,06750,65753,99052,02255,92164,18276,00387,32785,13999,513115,109131,629147,604156,359168,025162,140175,451192,879195,706195,204209,389227,025240,758243,643234,819236,016246,422240,333245,318242,396245,039250,592248,987254,976239,237238,196234,462233,132226,431231,229236,540233,725248,090243,160237,624242,230242,991

Durable goodsindustries

Total

10,16512,84112,06112,14710,76814,99615,36514,11113,38715,97915,28815,75317,36318,67120,50723,28626,16325,80328,05129,87627,34029,90535,03842,62746,86241,95751,30761,03572,27879,48379,39283,65478,06488,140100,164102,356103,647110,809121,444128,651125,958121,419122,468131,030125,603129,936127,057129,387129,020126,893130,875116,193120,221117,789117,547112,116116,139118,434117,128130,827125,482120,092123,325123,859

Capitalgoodsindus-tries,non-

defense

6,3147,0466,0726,6827,7459,92611,5949,88611,49013,68117,58821,15421,13521,80619,21319,62423,66924,54523,98326,09630,72734,81634,03234,78431,94936,38532,55631,89032,50135,27431,60734,41937,22330,88438,56033,95733,75631,94028,74828,03829,28236,68930,99330,07831,09834,884

Non-durablegoods

industries

9,94511,06611,14311,43911,56612,46913,00313,44813,80514,73214,94415,35916,07816,84017,73218,85120,25821,26522,60624,11424,68226,01629,14433,37640,46543,18148,20654,07359,35168,12176,96784,37184,07787,31192,71593,35191,55798,579105,581112,107117,685113,400113,548115,392114,730115,382115,339115,652121,572122,094124,101123,044117,975116,673115,585114,315115,090118,106116,597117,263117,678117,532118,905119,132

Unfilled orders2

Total

41,45667,26675,85761,17848,26660,00467,37553,18346,60951,71744,21346,62447,79853,41764,51878,24996,846103,711108,377114,341105,008105,247119,349156,561187,043169,546178,128202,022259,168303,595327,421326,553311,893347,310373,607387,241393,629430,589472,223520,837527,195523,476520,680525,127526,797528,901526,695528,980528,070529,141532,164525,574527,195527,109527,026524,742521,085519,336513,943521,840523,106518,490515,586512,990

Durablegoods

industries

35,43563,39472,68058,63745,25056,24163,88050,35243,80748,36941,65043,58245,17050,34661,31574,45993,00299,735104,393110,161100,412100,225113,034149,204181,519161,664169,857193,321248,282291,324315,209314,718300,810333,159359,734372,175376,839408,894450,258499,494506,375502,214499,590503,851505,569507,614505,504508,360506,939508,049511,232504,732506,375506,516506,631504,260500,678498,088492,976500,809501,832496,959493,880491,193

Non-durablegoods

industries

6,0213,8723,1772,5413,0163,7633,4952,8312,8023,3482,5633,0422,6283,0713,2033,7903,8443,9763,9844,1804,5965,0226,3157,3575,5247,8828,2718,70110,88612,27112,21211,83511,08314,15113,87315,06616,79021,69521,96521,34320,82021,26221,09021,27621,22821,28721,19120,62021,13121,09220,93220,84220,82020,59320,39520,48220.40721,24820,96721,03121,27421,53121,70621,797

Unfilled orders— shipmentsratio3

Total

3.423.633.873.353.022.942.712.582.642.742.993.253.743.663.833.743.643.363.273.834.123.723.263.253.573.893.853.873.843.533.603.673.593.643.623.954.044.033.903.893.963.903.853.913.833.933.923.944.044.084.084.144.033.993.913.%3.923.883.823.79

Durablegoods

industries

4.124.274.554.003.623.473.293.083.183.313.593.864.484.374.644.504.404.063.884.554.974.503.903.874.204.624.584.684.744.294.374.474.404.444.424.804.974.964.784.774.884.784.714.804.684.834.804.864.975.035.045.134.944.894.774.864.804.744.674.62

Non-durablegoodsindus-tries

0.961.121.04.85.85.92.71.78.68.72.71.79.75.73.69.69.76.76.86.91.62.82.74.71.81.82.75.69.62.69.64.68.70.83.77.77.73.74.73.72.72.72.72.70.71.71.71.71.73.72.71.72.73.75.74.73.74.75.75.75

1 Monthly average for year and total for month. .2 Seasonally adjusted, end of period.3 Ratio of unfilled orders at end of period to shipments for period; excludes industries with no unfilled orders. Annual figures relate

to seasonally adjusted data for December.Note.—Data beginning 1958 are not strictly comparable with earlier data.Source: Department of Commerce, Bureau of the Census.


PRICES

TABLE B-56.—Consumer price indexes, major expenditure classes, 1950-92

[1982-84=100]

Year ormonth

19501951195219531954195519561957.19581959I96019611962..196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911990: Jan

FebMar

fcJune ...JulyAugSept....OctNovDec

1991: JanFebMar

t-June ...JulyAugSept....OctNovDec

Allitems

24126.026.526.726.926.827228.128.929.129.629930.230.631.031532.433.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2127.4128.0128.7128.9129.2129.9130.4131.6132.7133.5133.8133.8134.6134.8135.0135.2135.6136.0136.2136.6137.2137.4137.8137.9

Food andbeverages

Total1

•••-

35.036.238.140.141.443.148.855.560.262.165.872.279.986.793.597.399.5

103.2105.6109.1113.5118.2124.9132.1136.8130.0130.9131.2131.0131.1131.7132.4132.7133.0133.4133.7133.9135.9136.0136.3137.2137.3137.7137.1136.6136.7136.5136.9137.3

Food2

25428.228728.328.227.828.028.930229.730.030430.631131.532233.834.135.337.139.240.442.148.255.159.861.665.572.079.986.893.697.499.4

103.2105.6109.0113.5118.2125.1132.4136.3130.4131.3131.5131.3131.3132.0132.7132.9133.2133.6134.0134.2135.8135.5135.8136.7136.8137.2136.5136.0136.0135.8136.2136.7

Housing

Total

30.832.034.036.438.039.441.245.850.753.857.462.470.181.190.496,999.5

103.6107.7110.9114.2118.5123.0128.5133.6125.9126.1126.8126.8127.1128.3129.2130.2130.5130.6130.4130.5131.8132.4132.6132.5132.8133.4134.2134.5134.7134.7134.7135.0

Shel-ter2

22.022.522.723.124.024.524.725.225.425.826.126.527.027.828.830.132.635.537.038.740.544.448.851.554.960.568.981.090.596.999.1

104.0109.8115.8121.3127.1132.8140.0146.3136.3136.6137.8138.0138.3139.5141.1142.4142.3142.4142.4142.7144.0144.6145.2145.2145.2145.8146.8147.3147.4147.7147.9148.2

Fuel andother

utilities2

22.522.623.023.624.324.825.426.026.326.326.626.626.626.727.127.428.029.131.132.534.340.745.449.454.758.564.875.486.494.9

100.2104.8106.5104.1103.0104.4107.8111.6115.3110.8110.2109.9109.4109.9112.2111.3112.7114.0113.4112.9112.7114.8114.7114.1113.1114.2115.8116.4116.2116.8115.7115.3116.0

House-hold

furnish-ingsand

-oper-ation

42"043.645.246.848.649.751.156.863.467.370.474.779.986.393.098.0

100.2101.9103.8105.2107.1109.4111.2113.3116.0112.1112.8112.8112.8113.2113.1113.6113.3113.8114.2113.8113.7114.1115.6115.7115.9116.3115.9116.3116.2116.4116.4116.5116.3

Appareland

upkeep

40.343.943.543.143.142.943.744.544.645.045.746.146.346.947.347.849.051.053.756.859.261.162.364.669.472.575.278.681.484.990.995.397.8

100.2102.1105.0105.9110.6115.4118.6124.1128.7116.7120.4125.4126.7125.5123.3120.8122.2126.8128.4127.5125.3123.8126.2128.8130.1129.4126.9125.2127.6131.3132.7132.9129.6

Trans-portation 2

22.724.125.726.526125.826.227.728.629.829.830.130.830.931.431.932.333.334.335.737.539.539.941.245.850.155.159.061.770.583.193.297.099.3

103.7106.4102.3105.4108.7114.1120.5123.8117.2117.1116.8117.31177118.2118.4120.6123.0125.81269127.2125.5123.7122.3122.2123.31237123.4123.8123.8124.0125.0125.3

Medicalcare2

15.115.916.717.317.818.218.919.720.621.522.322.923.524.124.625.226.328.229.931.934.036.137.338.842.447.552.057.061.867.574.982.992.5

100.6106.8113.5122.0130.1138.6149.3162.8177.0155.9157.5158.7159.8160.8161.9163.5165.0165.8167.1168.4169.2171.0172.5173.7174.4175.2176.2177.5178.9179.7180.7181.8182.6

Fjrter-tainment

40.743.045.247.550.051.552.956.962.065.168.371.976.783.690.196.0

100.1103.8107.9111.6115.3120.3126.5132.4138.4129.9130.4130.9131.4131.7131.9132.7133.0134.1134.3134.4134.6135.5136.2136.7137.7137.8138.1138.6139.2140.2140.5140,4139.9

Othergoodsand

services

35.136.938.740.942.944.746.449.853.957.060.464.368.975.282.691.1

101.1107.9114.5121.4128.5137.0147.7159.0171.6154.0154.7155.2155.8156.6157.8159.2160.4162.6163.2163.6164.5166.5167.4167.9168.8169.1170.0170.8172.2175.8176.2176.9177.6

F_ner-gy3

21.521.521.922.422.522.622.622.522.923.323.824.224.825.526.527.229.438.142.145.149.452.565.786.097.799.299.9

100.9101.688.288.689.394.3

102.1102.597.696.495.595.796.799.598.9

103.6108.8111.4110.9110.1107.1102.899.799.5

102.1103.5102.7102.9103.6101.8101.8101.9

1 Includes alcoholic beverages, not shown separately.2 See table B- 57 for components.3 See tables 6-58 for definition and B-57 for components.Note.—Data beginning 1978 are for ail urban consumers; earlier data are for urban wage earners and clerical workers.Data beginning 1983 incorporate a rental equivalence measure for homeowners' costs and therefore are not strictly comparable with

earlier figures.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-57.—Consumer price indexes, selected expenditure classes, 1950-91

[1982-84=100, except as noted]

Year or month

1950195119521953195419551956195719581959I9601961196219631964196519661967 .196819691970197119721973197419751976197719781979198019811982 .1983198419851986198719881989 .199019911990: Jan

FebMar

June:::::::::::July...Augsept::::::::'OctNovDec


Food and beverages

Total »

35.036.238.140.141.443.148.855.560.262.165.872.279.986.793.597.399.5103.2105.6109.1113.5118.2124.9132.1136.8130.0130.9131.2131.0131.1131.7132.4132.7133.0133.4133.7133.9135.9136.0136.3137.2137,3137.7137.1136.6136.7136.5136.9137.3

Food

Total

25.428.228.728.328.227.828.028.930.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.159.861.665.572.079.986.893.697.499.4103.2105.6109.0113.5118.2125.1132.4136.3130.4131.3131.5131.3131.3132.0132.7132.9133.2133.6134.0134.2135.8135.5135.8136.7136.8137.2136.5136.0136.0135.8136.2136.7

Athome

27.330.330.830.330.129.529.630.632.031.231.531.832.032.432.733.535.235.136.338.039.940.942.749.757.161.863.166.873.881.888.494.898.199.1102.8104.3107,3111.9116.6124.2132.3135.8131.0132.1131.9131.1130.9131.7132.5132.7132.9133.4133.8133.8136.4135.7136.0137.0136.9137.4136.0134.9134.9134.4135.0135.5

Awayfromhome

21.521.922.122.623.424.124.825.426.026.727.327.828.429.731.332.934.937.539.441.044.249.854.558.262.668.375.983.490.995.8100.0104.2108.3112.5117.0121.8127.4133.4137.9130.3131.0131.8132.5133.0133.4133.9134.3134.6135.0135.4135.7135.8136.2136.5137.1137.5137.9138.4138.7138.9139.1139.3139.6

Shelter

Total

22.022.522.723.124.024.524.725.225.425.826.126.527.027.828.830.132.635.537.038.740.544.448.851.554.960.568.981.090.596.999.1104.0109.8115.8121.3127.1132.8140.0146.3136.3136.6137.8138.0138.3139.5141.1142.4142.3142.4142.4142.7144.0144.6145.2145.2145.2145.8146.8147.3147.4147.7147.9148.2

Renters' costs

Total 2

1

103.0108.6115.4121.9128.1133.6138.9146.7155.6142.0143.5144.8144.7144.4145.3148.7150.7148.9148.9149.0149.5153.2154.4156.1155.1154.2155.1157.4158.1156.2156.1155.4155.8

Rent,resi-

dential

29730932233.935.135.636.337037.638238.739.239.740.140540.941.542.243.344.746.548.750.452.555.258.061 164869.374380.987.9946100.1105.3111.8118.3123.1127.8132.8138.4143.3135.8136.0136.5137.0137.3137.9138.7139.4140.0140.5140.7141.1141.2141.5142.0142.5142.8143.0143.7143.7144.6144.6145.0145.2

Home-owners'costs2

102.5107.3113.1119.4124.8131.1137.3144.6150.2141.1141.0142.2142.5143.1144.4145.4146.5147.0147.2147.3147.5147.9148.2148.4148.8149.2149.7150.2150.7151.6152.1152.6153.0

Mainte-nanceand

repairs

20.520.921.422.323.223.624.024.424.825.025.325.826.327.528.930.633.235.838.640.643.649.554.157.662.067.274.082.490.796.499.9103.7106.5107.9111.8114.7118.0122.2126.3120.4120.8121.2121.2122.2121.8122.1121.2124.6123.4123.9123.8124.1125.1124.2126.1126.9126.2126.9127.2126.8126.6127.6128.1

Fuel and other utilities

Total

22.522.623.023.624.324.825.426.026.326.326.626.626.626.727.127.428.029.131.132.534.340.745.449.454.758.564.875.486.494.9100.2104.8106.5104.1103.0104.4107.8111.6115.3110.8110.2109.9109.4109.9112.2111.3112.7114.0113.4112.9112.7114.8114.7114.1113.1114.2115.8116.4116.2116.8115.7115.3116.0

Fuels

Total

"Tu21.722.123.124.725.727.534.439.443.349.053.061.374.887.295.6100.5104.0104.599.297.398.0100.9104.5106.7104.5103.1102.3101.2101.9105.4104.5105.6107.6106.4105.4105.6107.7107.1105.7104.0105.4107.6108.2107.7108.5106.5105.5106.5

Fuel oilandotherhouse-holdfuelcom-

modities

11.311.812112.612.612.713.314013.713.913.814.114.214.414.414.615.015.516.016.317.018.218.321.133.236.438.843.946.262.486.1104.6103.497.299.495.977.677.978.181.799.394.6113.195.491.589.688.084.982.791.8104.4118.5117.0114.1111.2105.799.394.490.989.387.887.888.990.994.894.7

Gas(Piped)andelec-tricity(energyserv-ices)

19.219.319519.920.220.720.921 121.922.423.323.523.523.523.523.523.623.723.924.325.427.128.529.934.540.144.750.555.061.071.481.993.2101.5105.4107.1105.7103.8104.6107.5109.3112.6107.5108.3107.9106.8107.8112.4111.7111.6112.4109.0108.0108.6111.5111.5110.8109.4111.5114.4115.4114.7115.5112.9111.2112.4

Otherutilitiesand

publicservices

=

46.647.148.450.053.456.257.860.763.967.770.873.774.377.084.393.399.5107.2112.1117.9120.1122.9127.1131.7137.9129.3130.0130.7130.9131.2131.8130.8132.8132.9133.4133.7132.7135.0135.7136.3136.5137.3137.9138.5138.9139.2139.6140.1140.2

1 Includes alcoholic beverages, not shown separately.2 December 1982 = 100.See next page for continuation of table.


TABLE B-57.—Consumer price indexes, selected expenditure classes, 1950-91—Continued

[1982-84=100, except as noted]

Year or month

1950.195119521953195419551956195719581959 .1960196119621963196419651966196719681969197019711972 .1973197419751976 ..197719781979198019811982198319841985,1986198719881989199019911990- Jan

FebMarAprMayJuneJuly.Augsept"::::.:::::::::::::'":"GetNovDec

1991: JanFebMar

ftJuneJulyAucSeptoct'::::::::::::::::NovDec

Transportation

Total

22.724.125.726.526.125.826.227.728.629.829.830.130.830.931.431.932.333.334.335.737.539.539.941.245.850.155.159.061.770.583.193.297.099.3

103.7106.4102.3105.4108.7114.1120.5123.8117.2117.1116.8117.3117.7118.2118.4120.6123.0125.8126.9127.2125.5123.7122.3122.2123.3123.7123.4123.8123.8124.0125.0125.3

Private transportation

Total3

24.525.627.327.827.126.727.128.629.530.830.630.831.431.632.032.532.933.834.836.037.539.439.741.046.250.655.659.762.571.7

8i97.199.3

103.6106.2101.2104.2107.6112.9118.8121.9115.9115.8115.1115.5115.9116.4116.6119.0121.4124.2125.1125.1123.2121.2119.9120.2121.5121.9121.7122.0122.1122.4123.4123.4

Newcars

41.143.146.847.246.544.846.148.550.052.251.551.551.351.050.949.748.849.350.751.553.055.254.754.857.S62.966.970.475.881.888.493.797.499.9

102.8106.1110.6114.6116.9119.2121.0125.3122.3121.9121.3120.7120.7120.3119.8119.5119.0120.5122.1123.5124.6125.3125.4125.3125.4125.3124.9124.4124.1125.0126.6127.6

Usedcars

26.722.721.520.723.224.026.825.026.028.428.730.029.829.029.9

£31.233.033.135.236.743.850.354.755.860.262.376.988.898.7

112.5113.7108.8113.1118.0120.4117.6118.1118.9117.4116.6116.2116.9117.6118.2118.3118.3118.1117.2117.1116.1115.1114.4115.0117.0118.8120.4120.0119.8120.2120.6120.1

Motorfuel4

19.019.520.021.221.822.122.823.823.423.724.424.124.324.224.125.125.626.426.827.627.928.128.431.242.245.147.049.751.870.197.4

108.5102.899.497.998.777.180.280.988.5

101.299.491.490.689.391.292.594.694.3

103.2112.0118.9119.0117.1108.399.794.696.1

100.2100.598.299.399.898.399.498.4

Auto-mobilemainte-nanceand

repair

18.920.420.822.022.723.224.225.025.426.026.527.127.527.828.228.729.230.432.134.136.639.341.143.247.653.757.661.967.073.781.589.296.0

100.3103.8106.8110.3114.8119.7124.9130.1136.0127.3127.6128.8129.4129.4129.6130.2130.4131.5132.1132.5132.5133.1133.5134.1134.4134.7135.6136.4136.9137.8138.4138.5138.4

Other

37.939.241.645.248.648.948.450.253.561.867.269.975.284.391.497.798.8

103.5109.0115.1120.8127.9135.8142.5149.1140.3140.8140.7140.8140.8141.0142.1142,4143.0144.3146.2146.7147.3147.8147.7147.5147.7148.3149.0149.7149.7150.9151.8152.0

Publictranspor-

tation

13.414.815.816.818.018.519.219.920.921.522.223.224.024.324.725.226.127.428.730.935.237.839.339.740.643.547.850.051.554.969.085.694.999.5

105.7110.5117.0121.1123.3129.5142.6148.9134.2136.7139.1140.3140.9141.5141.6141.9144.0146.6150.3154.4155.4156.2153.3147.1146.0146.6146.7147.6146.6144.9147.0149.8

Medical care

Total

15.115.916.717.317.818.218.919.720.621.522.322.923.524.124.625.226.328.229.931.934.036.137.338.842.447.552.057.061.867.574.982.992.5

100.6106.8113.5122.0130.1138.6149.3162.8177.0155.9157.5158.7159.3160.8161.9163.5165.0165.8167.1168.4169.2171.0172.5173.7174.4175.2176.2177.5178.9179.7180.7181.8182.6

Medicalcarecom-

modities

39.740.841.241.542.042.543.444.646.146.846.946.345.645.245.145.045.144.945.045.446.547.347.447.549.253.356.560.264.469.075.483.792.3

100.2107.5115.2122.8131.0139.9150.8163.4176.8156.9158.6159.9161.3162.2163.3164.1164.8166.0166.8167.8169.1170.4171.6173.2174.3175.4176.5177.7178.9180.0180.3181.1181.7

Medicalcare

services

12.813.414.314.815.315.716.317.017.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461.267.274.882.892.6

100.7106.7113.2121.9130.0138.3148.9162.7177.1155.7157.2158.5159.4180.5181.5163.4165.0165.8167.2163.S169.3171.1172.8173.8174.5175.1176.1177.5178.9179.7180.3181.9182.8

3 Includes other new vehicles, not shown separately. Includes direct pricing of new trucks and motorcycles beginning September1982.

«includes direct pricing of diesel fuel and gasohol beginning September 1981.

Note.--Data beginning 1978 are for ail urban consumers; earlier data are for urban wage earners and clerical workers.See also Note, fable B- 56.Source: Department of labor, Bureau of Labor Statistics.


TABLE B-58.—Consumer price indexes, commodities, services, and special groups, 1950-91

[1982-84=100]

Year ormonth

19501951195219531954195519561957,,195819591960196119621963196419651966196719681969197019711972.1973197419751976 ... .19771978 ..19791980198119821983198419851986198719881989199019911990: Jan

FebMar....

fcJune...July...Aug...Sept..Oct....Nov...Dec...

1991: Jan....Feb....Mar...

fcJune..July...Aug...Sept..Oct....Nov...Dec...

Allitems

24.126.026.526.726.926.827.228.128.929.129.629.930.230.631.031.532.433.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6

103.9107.6109.6113.6118.3124.0130.7136.2127.4128.0128.7128.9129.2129.9130.4131.6132.7133.5133.8133.8134.6134.8135.0135.2135.6136.0136.2136.6137.2137.4137.8137.9

Commodities

Allcom-

modities

29.031.632.031.931.631.331.632.633.333.333.633.834.134.434.835.236.136.838.139.941.743.244.547.853.558.260.764.268.876.686.093.297.099.8

103.2105.4104.4107.7111.5116.7122.8126.6119.9120.6121.1121.4121.4121.6121.6122.8124.6126.1126.3126.0126.0125.7125.7126.4126.8126.7126.2126.4127.1127.2127.8127.5

Food

25.428.228.728.328.227.828.028.930.229.730.030.430.631.131.532.233.834.135.337.139.240.442.148.255.159.861.665.572.079.986.893.697499.4

103.2105.6109.0113.5118.2125.1132.4136.3130.4131.3131.5131.3131.3132.0132.7132.9133.2133.6134.0134.2135.8135.5135.8136.7136.8137.2136.5136.0136.0135.8136.2136.7

Commodities less food

All

31.433.834.134.233.833.633.934.935.335.836.036.136.336.636.937.237.738.640.041.743.445.146.147.752.857.660.563.867.575.385.793.196.9

100.0103.1105.2101.7104.3107.7112.0117.4121.3114.1114.6115.4115.9115.9115.8115.5117.2119.8121.8121.8121.4120.6120.3120.1120.7121.3120.9120.5121.1122.1122.4123.0122.4

Durable

34.937.538.037.736.836.136.137.237.838.438.138.138.538.639.038.838.939.440.742.244.146.046.948.151.557.460.964.468.675.483.089.695.199.8

105.1106.8106.6108.2110.4112.2113.4116.0113.8113.7113.4113.1113.2112.9113.0112.9112.8113.6114.1114.5115.0115.5115.5115.5115.9116.0116.3115.9115.9116.3117.0117.2

Non-durable

28.630.831.031.231.431.432.032.933.133.534.134.334.534.835.135.636.437.639.140.942.544.045.046.952.957.059.562.565.574.688.496.798.3

100.0101.7104.198.5

101.8105.8111.7119.9124.5114.2115.0116.5117.4117.5117.6117.0119.9124.1126.8126.6125.7124.0123.2122.9123.9124.6123.9123.0124.3125.9126.1126.7125.5

Services

Allservices

16.917.818.619.420.020.420.921.822.623.324.124.525.025.526.026.627.628.830.332.435.037.038.440.143.848.052.056.060.867.577.988.196.099.4

104.6109.9115.4120.2125.7131.9139.2146.3135.4136.0136.9137.1137.6138.8139.9140.9141.4141.7142.0142.3143.8144.5144.8144.7145.0145.8146.8147.3147.9148.1148.3148.8

Medi-cal

careserv-ices

12.813.414.314.815.315.716.317.017.918.719.520.220.921.522.022.723.926.027.930.232.334.735.937.541.446.651.356.461.267.274.882.892.6

100.7106.7113.2121.9130.0138.3148.9162.7177.1155.7157.2158.5159.4160.5161.5163.4165.0165.8167.2168.6169.3171.1172.8173.8174.5175.1176.1177.5178.9179.7180.8181.9182.8

Serv-icesless

medi-calcareserv-ices

22.823.624.225.025.425.926.326.827.428.329.330.832.935.637.538.940.644.348.352.255.960.767.578.288.796.499.2

104.4109.6114.6119.1124.3130.1136.8143.3133.4133.9134.7134.9135.3136.5137.5138.5139.0139.1139.4139.7141.1141.7142.0141.8142.1142.9143.8144.3144.8145.0145.1145.5

Special indexes

Allitemslessfood

23.825.325.926426626.627.128.028.629.229.730.030.330.731.131.632.333.434.936.839.040.842.043.748.052.556.059.663.971.281.590.496,399.7

104.0108.0109.8113.6118.3123.7130.3136.1126.7127.3128.1128.4128.7129.4130.0131.3132.6133.5133.7133.7134.3134.6134.8134.9135.4135.7136.1136.7137.4137.7138.0138.1

Allitemsless

energy

28.929.729.930.430.731.131.532.032.533.534.435.938.040.342.043.446.150.655.158.261.966.773.481.990.196.199.6

104.3108.4112.6117.2122.3128.1134.7140.9131.5132.3133.3133.5133.7134.2134.8135.6136.3136.9137.2137.4138.6139.3139.8140.2140.3140.5140.9141.3141.9142.3142.7142.8

Allitemslessfoodand

ener-gy

28.929.630.230.631.031.431.832.332.733.534.736.338.440.842.744.045.649.453.957.461.065.571.980.889.295.899.6

104.6109.1113.5118.2123.4129.0135.5142.1132.0132.8133.9134.2134.4134.8135.5136.4137.2137.8138.2138.3139.4140.3140.9141.1141.3141.5142.0142.7143.4143.9144.4144.4

Ener-gy1

21.521.521.922.422.522.622.622.522.923.323.824.224.825.526.527.229.438.142.145.149.452.565.786.097.799.299.9

100.9101.688.288.689.394.3

102.1102.597.696.495.595.796.799.598.9

103.6108.8111.4110.9110.1107.1102.899.799.5

102.1103.5102.7102.9103.6101.8101.8101.9

1 Household fuels—gas (piped), electricity, fuel oil, etc.—and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.See also Note, Table B-56.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-59.—Changes in special consumer price indexes, 1958-91

[Percent change]

Year or month

19581959

1960 .19611962. .19631964

196519661967 . .19681969

19701971197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

1990: JanFebMar

ftJune


1991: Jan.FebMarAprMay::"::.June

JulyAugsept".::.:::::OctNovDec

All items

Dec.to

Dec.1

1.81.7

1.4.7

1.31.61.0

1.93.53.04.76.2

5.63.33.48.7

12.3

6.94.96.79.0

13.3

12.58.93.83.83.9

3.81.14.44.44.6

6.13.1

Yearto

year

2.8.7

1.71.01.01.31.3

1.62.93.14.25.5

5.74.43.26.2

11.0

9.15.86.57.6

11.3

13.510.36.23.24.3

3.61.93.64.14.8

5.44.2

All items lessfood

Dec.to

Dec.1

1.82.1

1.01.31.01.61.0

1.63.53.35.05.6

6.63.02.95.6

12.2

7.36.16.48.3

14.0

13.09.84.14.13.9

4.1.5

4.64.24.5

6.33.3

Yearto

year

2.12.1

1.71.01.01.31.3

1.62.23.44.55.4

6.04.62.94.09.8

9.46.76.47.2

11.4

14.510.96.53.54.3

3.81.73.54.14.6

5.34.5

All items lessenergy

Dec.to

Dec.1

2.11.3

1.3.7

1.31.91.3

1.93.43.24.96.5

5.43.43.58.2

11.7

6.64.86.79.1

11.1

11.78.54.24.54.4

4.03.84.14.74.6

5.23.9

Yearto

year

2.8.7

1.71.01.31.31.6

1.63.12.74.45.8

6.14.23.36.29.8

8.95.66.47.8

10.0

11.610.06.73.64.7

3.93.94.14.44.7

5.24.6

All items less foodand energy

Dec.to

Dec.1

1.72.0

1.01.31.31.61.2

1.53.33.85.16.2

6.63.13.04.7

11.1

6.76.16.58.5

11.3

12.29.54.54.84.7

4.33.84.24.74.4

5.24.4

Yearto

year

2.42.0

1.31.31.31.31.6

1.22.43.64.65.8

6.34.73.03.68.3

9.16.56.37.49.8

12.410.47.44.05.0

4.34.04.14.44.5

5.04.9

All items less food,shelter, and energy

Dec.to

Dec.1

4.65.1

5.83.12.73.5

11.3

6.46.95.36.47.3

9.89.46.15.04.3

3.73.33.84.74.1

5.24.6

Yearto

year

4.74.7

5.24.92.42.97.7

8.97.16.05.66.9

8.89.67.75.25.0

3.83.43.84.24.4

4.95.2

Change from preceding period

Unad-justed

1.0.5.5.2.2.5

.4

.9

.8

.6

.20

.6

.1

.1

.1

.3

.3

.1

:4.1.3.1

Sea-sonally

ad-justed

0.9.5.4.2.2.6

.4

.8

.8

.6

.3

.3

.4

.21

.2

.3

.2

.2

.2

.4

.1

.4

.3

Unad-justed

0.7.5.6.2.2.5

.51.01.0.7.1

0

.4

.2

.1

.1

.4

.2

.3

.4

.5

.2

.2

.1

Sea-

"3*justed

0.8.6.4.3.2.5

.5

.8

.8

.7

.3

.3

.4

.311.4.1

.4

.3

.4

.1

.4

.3

Unad-justed

0.7.6.8.2.1.4

.4

.6

.5

.4

.2

.1

.9

.5

.4

.3

.1

.1

.3

.3

.4

.3

.3

.1

Sea-sonally

ad-justed

0.6.7.5.2.2.5

.5

.5

.4

.3

.4

.3

.8

.5

.2

.3

.1

.4

.2

.3

.3

.1

.4

.3

Unad-justed

0.4.6.8.2.1

.5

.7

.6

.4

.3

.1

.8

.6

.4

.1

.1

.1

.4

.5

.5

.3

.30

Sea-sonally

ad-justed

0.5.6.5.4.2.5

.5

.5

.4

.3

.3

.4

.8

.7

.1

.2

.2

.4

.4

.4

.4

.1

.3

.3

Unad-justed

0.3.8.8.3.2

0

.2

l'.0.7.3.1

.6

.9

.5

.1

.2-.1

.2

.6

.8

.4

.4-.1

Sea-sonally

ad-justed

0.5.8.5.3.3.3

.5

.4

.4

.4

.4

.4

.8

.9

.1

.1

.4

.3

.6

.3

.1

.4

.2

1 Changes from December to December are based on unadjusted indexes.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.See also Note, Table B-56.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-60.—Changes in consumer price indexes, commodities and services, 1929-91

[Percent change]

Year

1929

1933

1939

19401941194219431944

19451946194719481949

19501951195219531954

19551956195719581959

19601961196219631964

19651966196719681969

19701971......197219731974

19751976197719781979

19801981198219831984

19851986198719881989

19901991

All items

Dec.to

Dec.1

0.6

.8

0

.79.99.03.02.3

2.218.18.83.0

-2.1

5.96.0

.8

.7_ i

A3.02.91.81.7

1.4.7

1.31.61.0

1.93.53.04.76.2

5.63.33.48.7

12.3

6.94.96.79.0

13.3

12.58.93.83.83.9

3.81.14.44.44.6

6.13.1

Yearto

year

0

-5.1

-1.4

.75.0

10.96.11.7

2.38.3

14.48.1

-1.2

1.37.91.9.8.7

-.41.53.32.8

.7

1.71.01.01.31.3

1.62.93.14.25.5

5.74.43.26.2

11.0

9.15.86.57.6

11.3

13.510.36.23.24.3

3.61.93.64.14.8

5.44.2

Commodities

Total

Dec.to

Dec.1

-0.7

1.413.312.94.22.0

2.924.810.31.7

-4.1

7.85.9-.9-.3

-1.6

-.32.62.81.2.6

1.20

.91.5.9

1.42.52.54.05.4

3.92.33.4

10.412.8

6.23.36.18.8

13.0

11.06.03.62.92.7

2.5-2.0

4.63.84.1

6.61.2

Yearto

year

-2.0

.76.7

14.59.31.0

3.010.620.5

7.2-2.7

.79.01.3

-!9

_ gLO3.22.10

.9

.6

.9

.91.2

1.12.61.93.54.7

4.53.63.07.4

11.9

8.84.35.37.2

11.3

12.38.44.12.93.4

2.1-.93.23.54.7

5.23.1

Food

Dec.to

Dec.1

2.5

6.9

-2.5

2.515.717.93.00

3.531.311.3

8-3.9

9.87.1

-1.0— 1 1-L8

-.72.92.82.4

-1.0

3.1-.71.32.01.3

3.54.01.24.47.0

2.34.34.6

20.312.0

6.6.5

8.111.810.2

10.24.33.12.73.8

2.63.33.55.25.5

5.31.9

Yearto

year

12

-28

-2.5

1.79.2

17.611.0

-1.2

2.414.521.78.3

-4.2

1.611.01.8

-1.4_ 4

14.7

3.24.5

-1.7

1.01.3

L61.3

2.25.0.9

3.55.1

5.73.14.2

14.514.3

8.53.06.39.9

11.0

8.67.84.12.13.3

2.33.24.14.15.8

5.82.9

Commoditiesless food

Dec.to

Dec.1

0.5

.510.7635.54.7

3.312.79.25.2

-4.6

5.54.9-.6

.3-1.5

02.72.0.8

1.4

-.3.8.6

1,4

.81.93.13.64.7

4.72.22.64.9

13.2

6.15.14.87.7

14.3

11.56.73.83.12.1

2.4-5.3

5.13.23.3

7.4.8

Yearto

year

-1.6

.55.4

10.84.65.3

4.26.0

12.97.4

-1.3

-.37.6.9

-L2

-.6.9

2.91.11.4

.6

.3

.6

.8

.8

.81.32.43.64.3

4.13.92.23.5

10.7

9.15.05.55.8

11.6

13.88.64.13.23.1

2.0-3.3

2.63.34.0

4.83.3

Services

Total

Dec.to

Dec.1

0

.82.42.32.32.2

.73.65.65.93.7

3.65.24.44.22.0

2.03.44.22.73.9

2.52.11.62.41.6

2.74.84.35.87.7

8.14.13.46.2

11.4

8.27.28.G9.3

13.6

14.213.04.34.85.4

5.14.54.34.85.1

5.74.6

Yearto

year

0

.8

.83.12.32.2

1.5144.36.15.1

3.05.34.54.33.1

2.02.54.33.73.1

3.41.72.02.02.0

2.33.84.35.26.9

8.05.73.84.49.2

9.68.37.78.6

11.0

15.413.19.03.55.2

5.15.04.24.64.9

5.55.1

Medical careservices

Dec.to

Dec.1

1.2

01.23.55.63.2

3.19.06.46.91.6

4.05.35.83.42.6

3.23.84.84.64.9

3.73.52.92.82.3

3.68.38.07.17.3

8.15.43.76.0

13.2

10.310.89.09.3

10.5

10.112.611.26.25.8

6.87.95.66.98.6

9.98.0

Yearto

year

1.2

003.54.54.3

3.15.18.77.13.3

2.44.76.73.53.4

2.63.84.35.34.5

4.33.63.52.92.3

3.25.38.87.38.2

7.07.43.54.5

10.4

12.610.19.98.59.8

11.310.711.88.76.0

6.17.76.66.47.7

9.38.9

Energy2

Dec.to

Dec.1

-0.94.7

1.3-1.3

2.2-.90

1.81.71.71.72.9

4.83.12.6

17.021.6

11.47.17.27.9

37.5

18.011.91.3

_ 5'.2

1.8-19.7

8.2

s!i18.1

-7.4

Yearto

year

01.9

2.3.4.4

0-.4

1.81.72.11.72.5

2.83.92.68.1

29.6

10.57.19.56.3

25.1

30.913.61.5

.71.0

.7-13.2

'.85.6

8.3.4

1 Changes from December to December are based on unadjusted indexes,8 Household fuels-gas (piped) electricity, fuel oil, etc.-and motor fuel. Motor oil, coolant, etc. also included through 1982.Note.—Data beginning 1978 are for all urban consumers; earlier data are for urban wage earners and clerical workers.See also Note, Table B-56.



TABLE B-61.—Producer price indexes by stage of processing, 1947-91

[1982=100]

Year or month

194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991 » ...1990: Jan

FebMarAorMay .I:::::::::":::::::::'JuneJulyAug..sept :.::::: :::::::..::OctNov...Dec

1991: JanFebMarAprMayJune .JulyAug lSeptoc?..: :NovDec

Finished goods

Totalfinishedgoods

26.428.527.728.230.830.630.330.430.531.332.533.233.133.433.433.533.433.534.135.235.636.638.039.340.541.845.652.658.260.864.769.877.688.096.1100.0101.6103.7104.7103.2105.4108.0113.6119.2121.7117.6117.4117.2117.2117.7117.8118.2119.3120.4122.3122.9122.0122.3121.4120.9121.1121.8121.9121.6121.7121.3122.3122.3121.9

Consumer foods

Total

31.934.932.132.736.736.434.534.233.433.334.436.534.835.535.435.735.335.436.839.238.540.042.443.844.546.956.564.469.869.673.379.987.392.497.8100.0101.0105.4104.6107.3109.5112.6118.7124.4124.2123.9124.6124.4123.2124.5124.2124.9124.9124.2124.6125.0124.2124.8124.6125.2125.3125.8125.3124.5123.3122.7123.0123.1122.2

Crude

39.342.440.136.541.944.641.637.539.139.138.541.037.339.838.038.437.838.939.041.539.642.545.946.045.848.063.671.671,776.779.585.892.393.9104.4100.0102.4111.4102.9105.6107.1109.8119.6123.0119.7148.8152.7138.6118.7112.9108.6113.4112.1109.1117.4126.3117.9124.3118.8125.0128.2137.8130.3121.8112.1110.1105.7116.0106.1

Proc-essed

31.134.031.132.436.235.433.634.032.732.734.136.134.735.235.335.635.235.236.839.238.840.042.343.944.747.255.863.970.369.072.779.486.892.397.2100.0100.9104.9104.8107.4109.6112.7118.6124.4124.4122.0122.5123.3123.5125.3125.3125.7125.8125.2125.1124.8124.6124.7124.9125.1125.1124.9124.8124.7124.1123.5124.2123.5123.4

Finished goods excluding consumer foods

Total

35.035.936.938.239.640.442.048.854.758.162.266.774.686.795.6100.0101.8103.2104.6101.9104.0106.5111.8117.4120.9115.5115.1114.8115.2115.5115.7116.0117.4119.1121.5122.1121.3121.4120.4119.5119.7120.5120.8120.7121.1120.8122.0122.0121.7

Consumer goods

Total

27.429.228.629.031.130.731.031.131.332.132.932.933.333.533.433.433.433.333.634.134.735.536.337.438.739.441.248.253.256.560.664.973.587.196.1100.0101.2102.2103.398.5100.7103.1108.9115.3118.7113.2112.4111.8112.2112.7112.9113.2115.1117.7120.6121.4120.0119.8118.2117.0117.2118.2118.6118.4119.0118.8119.7119.7119.3

Durable

32.935.236.136.538.939.239.539.840.241.642.843.443.943.843.643.443.143.343.243.444.145.145.947.248.950.050.955.561.063.767.473.680.891.096.4100.0102.8104.5106.5108.9111.5113.8117.6120.4123.9119.1119.4119.2119.3119.4120.3120.4119.9119.9122.7122.8122.9123.5123.9124.0123.7123.2123.1123.1122.9121.8126.0126.0125.6

Non-durable

24.225.724.725.127.026.326.626.726.827.327.927.828.228.428.428.428.528.428.829.330.030.631.532.533.534.136.144.048.952.456.860.069.385.195.8100.0100.5101.1101.793.394.997.3103.8111.5115.0109.2107.9107.1107.7108.3108.3108.6111.5115.1118.0119.0117.2116.7114.4112.8113.2114.6115.2115.0115.8115.9115.7115.7115.2

Capitalequipment

19.821.622.723.225.525.926.326.727.429.531.332.132.732.832.933.033.133.433.834.635.837.D38.340.141.742.844.250.558.262.166.171.377.585.894.6100.0102.8105.2107.5109.7111.7114.3118.8122.9126.7121.2121.6121.9122.2122.2122.5122.8123.1122.9124.5124.7124.9125.9126.1126.2126.2126.5126.5126.6126.5126.1127.9127.9128.0

Totalfinishedconsumergoods

28.630.829.429.932.732.331.731.731.532.032.933.633.333.633.633.733.533.634.235.435.636.537.939.140.241.546.053.158.260.464.369.477.588.696.6100.0101.3103.3103.8101.4103.6106.2112.1118.2120.4116.7116.4115.9115.8116.5116.6117.0118.3119.8121.9122.6121.4121.4120.3119.6119.8120.6120.7120.4120.4120.1120.8120.9120.3

1 Data have been revised through August 1991 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.



TABLE B-61.—Producer price indexes by stage of processing, 1947-91—Continued

[1982=100]

Year or month

194719481949195019511952195319541955195619571958195919601961196219631964196519661967196819691970197119721973197419751976197719781979 ,1980198119821983198419851986 '.19871988.198919901991 »..1990: Jan

FebMar

May"JuneJulyAug .SeptOctNovDec

1991: JanFebMar

fciJuneJulyAug »SeptOctNovDec..........

Intermediate materials, supplies, and components

Total

23.325.224.225.328.427.527.727.928.429.630.330.430.830.830.630.630.730.831.232032.233.034.135.436.838.242.452.558.060.964.969.578.490.398.6

100.0100.6103.1102.799.1

101.5107.1112.0114.5114.4113.4112.5112.4112.8113.1113.1113.1114.4116.3117.9117.9116.7116.4115.5114.2113.9114.0114.3114.0114.2114.5114.1114.1113.7

Foodsand

feeds'

III.'

41.841.542.945.646.749.570.383.681.677.479.684.894.5

105.5104.6100.0103.6105.797.396.299.2

1095113.8113.3111.1113.2111.0111.4112.5115.9115.5116.0114.9113.9113.0111.2111.5110.4110.7111.6111.5110.8110.8110.0111.5111.4111.8111.4111.4

Other

22.224.123.524.627.626.727.027.228.029.330.130.130.530.730.330.230.130.330.731.331.732.533.634.836.237.740.650.556.660.064.168.677.489.498.2

100.0100.5103.0103.099.3

101.7106.9111.9114.5114.6113.4112.5112.5112.8112.9113.0113.0114.4116.4118.1118.2117.0116.8115.7114.4114.1114.2114.5114.2114.4114.7114.2114.3113.8

Materials andcomponents

Formanufac-

turing

24.926.825.726.930.529.329.729.830.532.032.732.833.333.332.932.732.733.133.634.334.535.336.538.038.940.444.156.061.764.067.472.080.991.798.7

100.0101.2104.1103.3102.2105.3113.2118.1118.7118.1117.6117.5117.9118.2118.4118.3118.5118.7119.3120.0120.1119.8119.9119.6118.9118.5118.1117.8117.4117.3117.4117.5117.4117.3

Forcon-

struction

22.524.924.926.228.728.529.029.130.331.832.032.032.932.732.232.132.232.532.833.634.035.737.738.340.843.046.555.060.164.169.376.584.291.397.9

100.0102.8105.6107.3108.1109.8116.1121.3122.9124.5121.8121.9122.5123.0123.2122.8123.0123.0123.3123.4123.4123.5124.0123.9124.0124.3124.5125.2125.3124.7124.7124.5124.4124.5

Proc-essedfuelsand

lubri-cants

14.416.414.915.215.915.715.815.815.816.317.216.216.216.616.816.716.616.216.516.816.916.516.617.719.520.122.233.639.442.347.749.961.685.0

100.6100.095.495.792.872.773.371.276.485.985.284.279.477.878.078.479.478.785.794.1

100.6100.094.091.787.582.881.883.485.084.686.086.984.884.983.2

Con-tainers

23.424.424.525.229.628.028.028.528.931.032.433.233.033.433.233.633.232.933.534.535.0

. 35.937.239.040.842.745.253.360.063.165.971.079.489.196.7

100.0100.4105.9109.0110.3114.5120.1125.4127.7128.2127.3127.4127.4127.8127.7127.6127.5127.5127.5127.8128.3128.2129.0128.S128.7128.3128.1127.7127.9127.4127.9127.9128.3128.1

Supplies

28.529.828.029.032.632.631.031.731.232.032.333.133.533.333.734.535.034.735.036.536.837.137.839.740.842.551.756.861.865.869.372.980.289.996.9

100.0101.8104.1104.4105.6107.7113.7118.1119.4121.4118.8118.5118.7118.9119.4119.2119.5119.4119.7120.1120.2120.4120.9121.1121.3121.4121.3121.4121.1121.5121.6121.7121.8121.8

Crude materials for further processing

Total

31.734.730.132.737.634.531.931.630.430.631.231.931.130.430.230.529.929.631.133.131.331.833.935.236.039.954.561.461.663.465.573.485.995.3

103.0100.0101.3103.595.887.793.796.0

103.1108.9101.2106.5106.8105.6103.0104.7101.2101.4110.2115.3124.8116.7110.5112.8104.1101.2100.8102.199.899.599.198.099.699.797.7

Food-stuffsand

feed-stuffs

45.148.840.543.450.247.342.342.338.437.639.241.638.838.437.938.637.536.639.242.740.340.944.145.2

- 46.151.572.676.477.476.877.587.3

100.0104.6103.9100.0101.8104.794.893.296.2

106.1111.2113.1105.5113.5113.9115.3115.1117.0115.6115.4113.2110.8110.5108.5107.9107.2107.3109.9109.0108.7107.4105.1102.7102.9102.5101.6101.9

Other

Total

21.121.622.523.824.727.034.344.143.748.251.757.569.684.6

101.8100.0100.7102.296.981.687.985.593.4

101.594.697.597.694.991.092.588.088.3

103.4112.9127.8116.4107.1110.897.992.392.294.291.592.393.091.393.894.391.3

Fuel

7.58.98.88.89.09.09.38.98.99.5

10.110.210.410.510.510.410.510.510.610.911.311.512.013.815.716.818.624.830.634.542.048.257.369.484.8

100.0105.1105.1102.792.284.182.185.384.882.886.887.386.084.784.883.086.880.481.781.285.289.888.585,684.881.784.082.581.481.878.077.782.085.4

Other

24.026.724.327.832.027.826.626.127.528.628.227.128.126.927.227.126.727.227.728.326.527.128.429.129.432.342.954.550.054.956.361.975.591.8

109.8100.098.8

101.094.376.088.585.995.8

107.397.5

101.0100.897.692.794.689.087.8

112.0124.8146.3128.3113.2120.4101.092.294.295.992.494.895.695.499.897.690.1

2 Intermediate materials for food manufacturing and feeds.Source: Department of Labor, Bureau of Labor Statistics.


TABLE B-62.—Producer price indexes by stage of processing, special groups, 1974-91

[1982=100]

Year or month

1974

19751976197719781979.. ..

19801981198219831984

19851986 '"198719881989

19901991 2

1990: JanFebMar

£ EJulyAugSeptOctNovDec

1991: JanFebMar

fc=June

JulyAug 2

SeptOctNovDec

Finishedgoods

Total

52.6

58.260.864.769.877.6

88.096.1

100.0101.6103.7

104.7103.2105.4108.0113.6

119.2121.7

117.6117.4117.2117.2117.7117.8

118.2119.3120.4122.3122.9122.0

122.3121.4120.9121.1121.8121.9

121.6121.7121.3122.3122.3121.9

Foods

64.4

69.869.673.379.987.3

92.497.8

100.0101.0105.4

104.6107.3109.5112.6118.7

124.4124.2

123.9124.6124.4123.2124.5124.2

124.9124.9124.2124.6125.0124.2

124.8124.6125.2125.3125.8125.3

124.5123.3122.7123.0123.1122.2

Ener-gy

26.2

30.734.339.742.357.1

85.2101.5100.095.291.2

87.663.061.859.865.7

75.078.1

72.769.267.068.068.567.6

68.174.282.088.189.584.7

82.678.475.575.778.078.4

77.578.879.178.378.276.6

Excluding foods andenergy

Total

53.6

59.763.166.971.978.3

87.194.6

100.0103.0105.5

108.1110.6113.3117,0122.1

126.6131.0

124.8125.2125.4125.6125.9126.4

126.7126.7126.7128.2128.5128.8

129.9130.2130.3130.5130.5130.8

131.0131.0130.5132.4132.5132.8

Cap-ital

equip-ment

50.5

58.262.166.171.377.5

85.894.6

100.0102.8105.2

107.5109.7111.7114.3118.8

122.9126.7

121.2121.6121.9122.2122.2122.5

122.8123.1122.9124.5124.7124.9

125.9126.1126.2126.2126.5126.5

126.6126.5126.1127.9127.9128.0

Con-sumergoodsexclud-

ingfoodsand

energy

55.5

60.663.767.372.278.8

87.894.6

100.0103.1105.7

108.4111.1114.2118.5124.0

128.8133.7

127.0127.4127.5127.7128.1128.8

129.0128.9129.0130.3130.8131.2

132.3132.7132.8133.1132.9133.3

133.7133.7133.2135.2135.3135.7

Intermediate materials, supplies,and components

Total

52.5

58.060.964.969.578.4

90.398.6

100.0100.6103.1

102.799.1

101.5107.1112.0

114.5114.4

113.4112.5112.4112.8113.1113.1

113.1114.4116.3117.9117.9116.7

116.4115.5114.2113.9114.0114.3

114.0114.2114.5114.1114.1113.7

Foodsand

feeds*

83.6

81.677.479.684.894.5

105.5104.6100.0103.6105.7

97.396.299.2

109.5113.8

113.3111.1

113.2111.0111.4112.5115.9115.5

116.0114.9113.9113.0111.2111.5

110.4110.7111.6111.5110.8110.8

110.0111.5111.4111.8111.4111.4

Ener-gy

33.1

38.741.546.849.161.1

84.9100.5100.095.395.5

92.672.673.070.976.1

85.585.0

83.779.077.477.778.079.0

78.485.393.6

100.199.793.7

91.587.482.781.783.284.8

84.485.786.684.684.682.8

Other

54.0

60.263.867.672.580.7

90.397.7

100.0101.6104.7

105.2104.9107.8115.2120.2

120.9121.4

120.0120.0120.3120.6120.7120.5

120.6120.8121.4122.0122.2

122.08

122.4122.2121.8121.6121.4121.4

121.1120.9121.0121.1121.1121.0

Crude materials for furtherprocessing

Total

61.4

61.663.465.573.485.9

95.3103.0100.0101.3103.5

95.887.793.796.0

103.1

108.9101.2

106.5106.8105.6103.0104.7101.2

101.4110.2115.3124.8116.7110.5

112.8104.1101.2100.8102.199.8

99.599.198.099.699.797.7

Food-stuffsand

feed-stuffs

76.4

77.476.877.587.3

100.0

104.6103.9100.0101.8104.7

94.893.296.2

106.1111.2

113.1105.5

113.5113.9115.3115.1117.0115.6

115.4113.2110.8110.5,108.5107.9

107.2107.3109.9109.0108.7107.4

105.1102.7102.9102.5101.6101.9

Ener-gy

27.8

33.335.340.445.254.9

73.197.7

100.098.798.0

93.371.875.067.775.9

85.980.4

82.382.678.673.174.569.4

69.787.298.5

117.0104.193.5

97.683.177.076.779.277.1

78.379.077.180.181.177.9

Other

83.3

69.380.279.887.8

106.2

113.1111.7100.0105.3111.7

104.9103.1115.7133.0137.9

136.3128.1

132.1131.3134.2137.8138.8137.8

138.2140.4140.1137.8134.6132.8

133.5133.4132.2132.7131.4126.8

125.9126.0125.8125.0122.8122.2

1 Intermediate materials for food manufacturing and feeds.2 Data have been revised through August 1991 to reflect the availability of late reports and corrections by respondents. All data aresubject to revision 4 months after original publication.



TABLE B-63.—Producer price indexes for major commodity groups, 1950-91

[1982=100]

Year or month

195019511952195319541955195619571958195919601961196219631964196519661967 . .196819691970 . . .197119721973197419751976197719781979198019811982 ....1983198419851986. ...19871988198919901991 2

1990- JanFebMarApritfay:.:...::::::::::::::::::::::::::::::June... .JulyAugSeptOctNov.Dec

1991- JanFeb...,MarAprMay.June.. . . ..... ..JulyAug 2. ..SeptOctNovDec

Farm products and processedfoods and feeds

Total

37.743.041.338.638.536.636.437.739.437.637.737.738.137.737.539.041.640.241.143.444.945.849.263.971.374.073.675.983.092.398.3

101.1100.0102.0105.5100.7101.2103.7110.0115.4118.6116.4118.3118.4118.9118.5120.1119.6120.0119.1117.9117.9117.3116.8117.C117.1118.3118.1118.3117.6116.3115.2115.0115.0114.8114.5

Farmproducts

44.051.248.443.843.240.540.041.142.940.240.139.740.439.639.040.743.741,342.345.045.846.651.672.777.477.078.879.487.799.6

102.9105.2100.0102.4105.595.192.995.5

104.9110.9112.2105.6114.9115.7115.3113.3113.7113.6113.8111.4109.2109,5108.5107.2106.9106.91097109.6110.4109.1105.6102.9102.8101.2101.4100.7

Processedfoods and

feeds

33.236.936.434.835.433.833.834.836.535.635.636.236.536.836.738.040.239.840.642.744.645.548.058.968.072.670.874.080.688.595.998.9

100.0101.8105.4103.5105.4107.91127117.8121.9121.9120.2120.0120.9121.2123.5122.8123.2123.0122.4122.2121.7121.7122.1122.31226122.5122.3121.9121.6121.4121.1122.0121.5121.4

industrial commodities

Total

25.027.626.927.227.227.829.129.930.030.530.530.430.430.330.530.931.532.032.833.935.236.b37.840.349.254.958.462.567.075.788.097.4

100.0101.1103.3103.7100.0102.6106.3111.6115.8116.5114.1113.6113.2113.2113.5113.2113.4115.9118.41214120,7119.01193117.2115.7115.6116.1116.1116.0116.3116.2116.6115.7116.1

Textileproducts

andapparel

50.256.050.549.348.248.248.248.347.448.148.647.848.248.?48.548.848.948.950.751.852.453.355.560.568.067.472.475.378.182.589.797.6

100.0100.3102.7102.9103.2105.1109.2112.31150116.3114.6114.6114.7114.9114.8115.0115.1115.1115.1115.1115.3115.2115.7115.8115.9116.0116.0116.2116.3116.5116.5116.6116.8116.9

Hides,skins,

leather,and

relatedproducts

32.937.730.531.029.529.431.231.231.635.934.634.935.334.334.435.939.438.139.341.542.043.450.054.555.256.563.968.376.196.194.799.3

100.0103.2109.0108.9113.0120.4131.4136.3141.7138.S138.9141.7141.6142.S143.7143.0142.8142.2141.4140.9140.5140.6140.2140.0140.4141.1140.4140.0138.3138.1137.1136.5137.0137.6

Fuels andrelated

products,and

power l

12.613.013.013.413.213.213.614.313.713.713.914.014.013.913.513.814.114.414.314.615.316.617.119.430.135.438.343.646.558.982.8

100.2100.095.994.891.4S9.870.266 J72.982.381.279.877.074.673.474.172.872.782.491.3

101.097.490.590.i83.078.578.180.280.380.181.381.281.081.379.1

Chemicalsand alliedproducts l

30.434.833.033.433.833.733.934.634.934.834.834.533.933.533.633.934.034.234.134.235.035.635.637.650.262.064.065.968.076.089.098.4

100.0100.3102.9103.7102.6106.4116.3123.0123.6125.6121.2121.7121.8121.9122.3122.2122.4122.5124.5126.5128.2127.9128.3128.1126.0126.0125.3125.0124.4124.5124.3124.9125.0124.9

1 Prices for some items in this grouping are lagged and refer to 1 month earlier than the index month.2 Data have been revised through August 1991 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.


TABLE B-63.—Producer price indexes for major commodity groups, 1950-91—Continued

[1982=100]

Year or month

195fl1951195219531954....195519561957.19581959I96019611962..1963196419651966196719681969197019711972197319741975...197619771978197919801981....198219«31984....198519861987.1988198919901991 2

1990: Jan .FebMarAprMayJuneJulyAugSeptOctNov.. . .Dec

1991: JanFebMarAprMayJuneJulyAug 2

sept.:::..::::::OctNovDec

Industrial commodities— Continued

Rubberand

plasticproducts

35.643.739.636.937.542.443.042.842.842.642.741.139.940.139.639.740.541.442.843.644.945.245.346.656.462.266.069.472.480.590.196.4

100.0100.8102.3101.9101.9103.0109.3112.6113.6115.2113.2112.9113.3113.3113.5113.2113.1113.2113.4114.2115.0115.4116.0116.0115.8115.5115.2115.0114.8114.7114.9114.7114.6114.7

Lumberand

woodproducts

31.434.133.233.132.534.134.632.832.534.733.532.032.232.833.533.735.235.139.844.039.944.750.762.264.562.172.283.096.9

105.5101.5102.8100.0107.9108.0106.6107.2112.8118.9126.7129.7132.0129.0129.7130.5132.4132.0130.7131.3130.2129.3127.5126.9126.8127.6127.2127.8129.2132.3136.2136.9133.3133.0133.3133.3134.3

Pulp,paper,

andallied

products

25.73©.529.729.629.636.432.433.033.433.734.033.033.433.133.033.334.234.635.036.037.538.139.342.352.559.062.164.667.775.986.394.8

100.0103.3110.3113.3116.1121.8130.4137.8141.2143.0140.3140.5140.7140.9141.1141.0141.1141.1141.3142.0142.3142.3143.6143.8143.7143.2143.0142.7142.3142.2142.6142.9143.0142.7

Metalsand

metalproducts

22.024.524.525.325.527.229.630.230.030.630.630.530.230.331.132.032.833.234.036.038.739.440.944.057.061.565.069.375.386.095.099.6

100.0101.8104.8104.4103.2107.1118.7124.1122.9120.3121.7120.9122.0122.9123.1122.6122.9124.2124.6124.5123.3122.4122.4121.9121.5121.3120.5119.7119.6119.5119.6119.5119.1118.7

Machineryafld

equipment

22.625.325.325.926.327.223.331.432.132.833.033.033.033.133.333.734.735.937.038.240.041.442.343.750.057.961.365.270.376.786.094.4

100.0102.7105.1107.2108.8110.4113.2117.4120.7123.0119.6119.7120.0120.2120.4120.5120.8120.9121.2121.4121.7122.0122.6122.9123.0123.1123.1123.1123.0123.0123.0123.0123.1123.1

Furnitureand

householddurables

48.944.443.544.444.945.146.347.547.946.047.847.547.246.947.146.847.448.349.750.751.953.153.855.761.867.570.373.277.582.890.795.9

100.0103.4105.7107.1108.2109.9113.1116.9119.2121.2118.4118.7118.7119.0119.0119.2119.1119.2119.3119.5119.8120.0120.6120.9121.0121.2121.2121.2121.2121.2121.3121.4121.4121.4

Non-metatiicmineral

products

23.525.025.026.02€.627.32«.529.629.930.330.430.530.539.330.430.430.731.232.433.635.338.239.440.747.854.458.262.669.677.688.496.7

100.0101.6105.4108.6110.0110.0111.2112.6114.7117.2113.8113.9114.2114.3114.5114.6114.6114.7115.0115.3115.8115.8116.9117.2117.4117.3117.3117.3117.2117.1117.3117.3117.4117.2

Transportationequipment

Total

40.441.944.245.546.150.356.760.564.669.575.382.994.3

100.0102.8105.2107.9110.5112.5114.3117.7121.5126.4119.7120.2120.3120.5120.4121.0121.2121.1121.0124.0124.2124.2125.2125.7125.7125.5125.6125.6125.7126.0124.8128.9128.9128.9

vehiclesand

e*uif»-meflt

36.931.633.433.333.434.336.337.939.039.939.339.239.238.939.139.239.239.840.941.743.345.747.047.451.457.661.265.270.075.883.194.6

100.Q102.2104.1106.4109.1111.7113.1116.2118.2122.1117.2117.3117.0116.9116.6117.6117.8117.2116.7121.6121.5121.5121.9122.4122.2121.5120.7120.6120.5120.6118.6125.6125.5125.0

Miscella-neous

products

28.63«.330.231.©31.331.331.732.633.333.433.633.733.934.234.434.735.336.237.038.139.840.841.543.348.153.455.659.466.775.593.696.1

100.0104.8107.0109.4111.6114.9120.2126.5134.2140.9131.2131.9132.0132.3133.2134.4134.6134.9135.3135.9136.9138.2139.1138.9139.4140.0140.1140.9141.8141.7141.4141.7141.7143.5

Source: Departtnent of Labor, Bureau of Labor Statistics.


TABLE B-64.—Changes in producer price indexes for finished goods, 1955-91

[Percent change]

Year or month

19551956195719581959I96019611962196319641965196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989.. .19901991 2

1990: JanFebMar

fc=JuneJulyAugSeptOctNov ,..Dec

1991: JanFebMar

fc:::::JuneJulyAug 2

sr-NovDec

Totalfinishedgoods

Dec. toDec.1

1.04.23.4.3

-.31.8

6,3

_ 3.6

3.32.01.73.14.92.13.33.9

11.718.36.63.86.79.3

12.811.87.13.6.6

1.71.8

-2.32.24.04.95.7-.1

Yearto year

0.32.63.82.2-.3

.90

.3_ 3

.31.83.21.12.83.83.43.13.29.1

15.410.64.56.47.9

11.213.49.24.11.62.11.0

-1.42.12.55.24.92.1

Finishedconsumer

foods

Dec. toDec.1

-3.03.75.1.6

-3.75.3

-1.9.6

-14.6

9.11.3

34.68.1

-2.35.87.9

22.712.85.6256.9

11.77.47.51.52.02.33.5

.62.8

5.75.22.616

Yearto year

-2.3-.33.38.1

-4.72.0-.3

.8-11

.34.06.5

-1.83.96.03.31.65.4

20.514.08.4

5.39.09.35.85.82.21.04.4

82.62.12.85.44.8

Finished goods excluding consumer foods

Total

Dec. toDec.1

2"53.3

%2.36.6

21.17.26.26.88.3

14.813.48.74.201.12.2

-4.03.23.24.86.9.3

Yearto year

2"62.83.53.72.04.0

16.212.16.27.17.2

11.816.210.34.61.81.41.4

-2.62.12.45.05.03.0

Consumergoods

Dec. toDec.1

1.62.51.5.3.9.3

"b"0.3.9

1.82.02.02.83.82.12.17.5

20.36.86.06.78.5

17.614.18.64.2

9.8

2.1-6.6

4.13.15.38.7

g

Yearto year

0.62.62.501.2.6

~00-.3

.91.51.82.32.33.03.51.84.6

17.010.46.27.37.1

13.318.510.34.11.21.01.1

-4.62.22.45.65.92.9

Capitalequipment

Dec. toDec.1

5.68.14.61.2.9.3

0.3.6.9

1.53.83.13.04.84.82.42.15.1

22.78.16.57.28.08.8

11.49.23.92.01.82.72.11.33.63.83.42.5

Yearto year

2.67.76.12.61.9.3.3.3.3.9

1.22.43.53.43.54.74.02.63.3

14.315.26.76.47.98.7

10.710.35.72.82.32.22.01.82.33.93.53.1

Finishedenergygoods

Dec. toDec.1

16.311.612.08.5

58.127.914.1

1924 2

-.2-38.1

11.2-3.6

9.530.7

-9.6

Yearto year

17.211.715.76.5

35.049.219.1

-1.5-4.8

4 2-3.9

-28.1-1.9-3.2

9.914.24.1

Finished goodsexcluding foods

and energy

Dec. toDec.1

17.76.05.76.28.49.4

10.87.74.91.92.02.72.72.14.34.23.53.1

Percent change from preceding month

Unad-justed

1.9-.2-.20.4.1.3.9.9

1.6.5

.2-.7-.4

.2

.6

.1-.2

.1

~'.%0

— 3

Sea-son-a

justed

1.7-.1

-'.I

o'.3

1.11.31.2.4

-.4.1

-.7-.2

.1

.5-.4-.2

.2

.1

.7

.2-.2

Unad-justed

2.3.6

-~LO1.1

— .L..6

0-.6

!3-.6

.5

~^5.1.4

_ 4-.6

-1.0-.5

.2

.1-.7

Sea-son-

ajusted

1.61.0

-.5-.6

.4-.2

.5

.6-.5

.6

.1

-.2.2.2.3

0—.5-.7-.5-.4

.4-.1-.4

Unad-justed

1.8-.3-.3

.3

.3

.31.21.42.0.5

-.7.1

-.8

.2

.1

.2-.1

.3-.21.00-.2

Sea-son-

%justed

1.8

-.1

'.3.1.3

1.41.81.5.5

-.5.2

-1.0-.4

.1

.6-.40.5.2.7.2

-.2

Unad-justed

2.5

-'.5

A.2.3

1.72.32.5

.7-1.2-.2

-1.3-1.0

.2

.9

-.2.5

~!s0-.3

Sea-son-

%justed

2.5-.8

~'.2.5

-.2.3

1.92.72.1.6

-.9-.1

-1.4-.8

.2

.7_ 7-.1

.7

.3

.9

.3

Unad-justed

0.3

'.2.2

0.2.2.2

-.21.3

'.2.8.2.1

0.2

0.1

-.1

l".40.1

Sea-son-allyad-

justed

0.3

A.2.1.4.2.3.3.2.2.3.7.2

-'.I.3.2.1.1.1.4.2.2

Unad-justed

12.2-4.8-3.2

1.5.7

-1.3.7

9.010.57.41.6

-5.4-2.5-5.1-3.7

.33.0

.5-1.1

1.7.4

-1.0-.1

-2.0

Sea-son-

2justed

12.3-4.8-2.7

.1-.6-.7

.19.1

11.39.1

.2- 4.0-2.2-5.3-3.3-.11.7

-1.5-1.3

1.8.8

1.70

-1.4

Unad-justed

0.3.3

'.2.2A.2

001.2.2

.9

.2

.1

.20

.2

.20-.41.5.1.2

Yearto year

11411.45.76.07.58.9

11.28.65.73.02.42.52.32.43.34.43.73.5

Sea-son-

9justed

0.2.3.4.2

'.2.3.2.3.2.5.2.8.2.3.1.4

-.1.2.2

0

'.3.2

1 Changes from December to December are based on unadjusted indexes.2 Data have been revised through August 1991 to reflect the availability of late reports and corrections by respondents. All data are

subject to revision 4 months after original publication.Source-. Department of Labor, Bureau of Labor Statistics.


MONEY STOCK, CREDIT, AND FINANCE

TABLE B-65.—Money stock, liquid assets, and debt measures, 1959-91

[Averages of daily figures; billions of dollars, seasonally adjusted]

Yearand

month

December:19591960 .19611962196319641965196619671968196919701971 .1972 .1973197419751976197719781979 :1980198119821983 .19841985198619871988 ....19891990 . .1991 f

1990: JanFebMar

JuneJulyAug...:::::::..::::....::::::::::SeptOct.NovDec

1991: Jan.FebMar

£=::=JulvAugsept....:::::....::.....:::::::OctNovDec*.

Ml

Sum of

*j»p!,travelers

checks, andother

checkabledeposits

140.0140.7145.2147.9153.4160.4167.9172.1183.3197.5204.0214.5228.4249.3262.9274.4287.6306.4331.3358.4382.8408.8436.4474.4521.2552.2619.9724.3749.7786.4793.6825.4896.7795.4801.1804.7807.7807.5811.5810.7816.5821.89212823.3825.4826.7836.4843.0842.1851.6858.4859.5866.1870.0879.1890.3896.7

M2

Ml plusovernightRPsand

Eurodollars,MMMF

balances(general

purpose andbroker/dealer),

MMDAs, andsavings andsmalltimedeposits

297.8312.4335.5362.7393.3424.8459.4480.0524.4566.4589.6628.1712.7805.2861.0908.6

1,023.31,163.71,286.71,389.01,497.11,629.81,793.31,952.92,186.32,374.72,569.72,811.62,910.13,069.93,223.13,327.83,425.43,233.63,255.03,269.63,279.93,282.83,290.63,295.43,309.63,321.63,324.53,323.73,327.83,331.43,354.73,375.43,383.73,395.53,400.93,392.03,393.73,395.53,404.03,418.43,425.4

M3

M2 pluslarge timedeposits,term RPs,

termEurodollars,

andinstitution-only MMMF

balances

299.8315.3341.1371.5406.1442.5482.3505.1557.1606.3615.1677.4776.2886.0985.0

1,070.41,172.31,311.81,472.71,646.71,803.31,987.52,234.12,441.72,693.32,986.23,201.63,492.63,677.43,919.14,055.24,111.24,172.04,061.44,073.14,077.24,082.74,082.74,085.84,089.04,103.14,108.84,109.04,108.44,111.24,124.04,159.74,168.24,170.44,171.94,165.34,150.24,149.44,144.74,151.34,163.34,172.0

L

M3 plusother liquid

assets

388.7403.7430.8466.1503.8540.4584.5614.8666.6729.0763.6816.3903.0

1,023.01,142.61,250.31,367.01,516.61,705.31,910.82,116.32,324.22,596.72,851.43,154.63,527.53,828.94,133.24,337.04,676.04,889.94,966.6

4,895.34,903.04,914.84,920.84,903.54,923.14,926.74,934.44,955.64,955.14,960.44,966.64,983.15,010.05,010.34,977.44,955.44,979.74,986.04,979.54,970.64,980.75,008.7

Debt1

Debt ofdomestic

nonfinancialsectors

(monthlyaverage)

888.7923.9966.5

1,018.81,073.61,136.61,204.71,272.11,347.51,439.91,530.41,620.61,752.01,906.92,093.52,265.42,446.32,689.33,010.93,392.83,772.14,104.54,489.24,886.15,422.76,176.57,033.17,921.58,668.59,437.5

10,152.610,792.4

10,198.510,258.210,328.910,386.510,435.110,499.010,558.310,620.110,669.410,704.110,755.210,792.410,818.010,868.310,905.410,922.810,969.711,019.811,058.011,104.911,154.911,207.011,256.6

Percent change from year or 6months earlier2

Ml

0.53.21.93.74.64.72.56.57.73.35.16.59.25.54.44.86.58.18.26.86.86.88.79.95.9

12.316.83.54.9

.94.08.64.15.45.95.04.74.53.83.84.33.33.93.43.94.95.25.16.98.07.97.16.48.89.18.9

M2

4.97.48.18.48.08.14.59.38.04.16.5

13.513.06.95.5

12.613.710.68.07.88.9

10.08.9

12.08.68.29.43.55.55.03.22.96.76.86.86.15.04.23.83.43.22.72.52.32.22.73.23.64.34.43.62.31.21.21.31.4

M3

5.28.28.99.39.09.04.7

10.38.81.5

10.114.614.111.28.79.5

11.912.311.89.5

10.212.49.3

10.310.97.29.15.36.63.51.41.52.83.02.92.72.11.51.41.51.61.31.31.21.72.82.93.03.12.61.3-.5

-1.1-.9-.4

.3

Debt

5.84.04.65.45.45.96.05.65.96.96.35.98.18.89.88.28.09.9

12.012.711.28.89.48.8

11.013.913.912.69.48.97.66.3

7.16.97.17.06.56.87.17.16.66.16.15.64.94.74.44.14.04.24.44.44.65.25.2

1 Consists of outstanding credit market debt of the U.S. Government, State and local governments, and private nonfinancial sectors;data derived from flow of funds accounts..8 Annual changes are from December to December; monthly changes are from 6 months earlier at a simple annual rate.

Note.—See Table B-66 for components.Source Board of Governors of the Federal Reserve System.


TABLE B-66.—Components of money stock measures and liquid assets, 1959-91

[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]

Yearand

month

December:19591960196119621963 ..19641965196619671968 ,196919701971197219731974197519761977197819791980 ..19811982198319841985198619871988198919901991"

1990- JanFeb :MarAprSlay..:::::::::::::::::::::::::::::::::::::::::::June....JulyAug ,Sept....OctNovDec

1991- JanFebMar.AprMayJuneJulyAug.. .SeptOct.NovDec".. ..

Currency

28.828.729.330.332.233.936.038.040.043.045.748.652.056.260.867.072.879.587.496.0

104.8115.3122.6132.5146.2156.0167.8180.7196.9212.0222.2246.4266.7224.5226.6228.4230.3231.9233.7235.7238.4241.5243.9245.0246.4251.6255.1256.7256.6256.8257.6258.9260.8262.4264.4265.3266.7

Travelerschecks

0.4.4.4.4.5.5.6.6.7.8.8

1.01.11.31.51.82.32.83.13.53.84.24.44.34,95.25.96.57.07.57.48.48.37.57.67.67.77.87.87.88.08.28.38.48.48.43.28.17.98.07.87.77.77.37.98.18.3

Demanddeposits

110.8111.6115.5117.1120.6125.8131.3133.4142.5153.6157.3164.7175.1191.6200.3205.1211.6221.5236.7250.5257.5261.3231.3234.0238.5243.9266.6301.9285.5286.3278.7276.9289.1277.6279.4278.9278.1275.8276.3275.6278.0279.1277.1277.2276.3272.9275.1277.1275.8278.7281.0278.9279.8279.3282.6287.4289.1

Othercheckabledeposits(dCDs)

0.0.0.0.0.1.1.1.1.1.1.2.1.2.2

:4.9

2.74.28.4

16.828.078.2

103.5131.6147.1179.5235.3259.3280.7285.2293.8332,6285.8287.5289.8291.7292,0293.7291.7292.1293.0£91.8292.8293.8293.9296.9301.0301.9308.1311.9314.1317.8320.6324.1329.5332.6

Overnightrepur-chaseagree-ments

3**)net, plusovernightEurodol-lars1

NSA

0.0.0.0.0.0.0.0.0.0.0

2.21.32.32.85.35.75.9

10.714.920.721.728.836.639.955.660.673.582.383.283.477.474.375.881.582.481.979.483.282.484.082.881.683.777.874.371.570.569.570.168.968.565.3S7.967.170.173.675.8

Money market mutualfund (MMMF)

balances

Generalpurpose

andbroker/dealer 2

0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0

1.72.7242.46.4

33.461.6

150.6185.2138.8167.9176.7208.3221.7241.1 -313.6345.4352.3318.4324.2325.9327.0325.3327.5329.2335.8339.3341.6341.9345.4354.0358.4364.0365.1365.8366.5363.7358.0355.1354.0352.3352.3

Institu-tion

only2

0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.0.2.4.6.9

3.19.5

15.238.051.142.862.163.983.888.986.9

101.9125.7167.1102.5103.4105.2106.9107.6108.1109.8114.0116.2119.6120.5125.7130.1139.3142.0145.6146.2143.3141.8144.8149.3155.4161.0167.1

Savingsdeposits,including

moneymarketdeposit

accounts(MMDAs) 3

146.5159.1175.5194.7214.4235.3256.9253.2263.7268.9263.6260.9292.2321.4326.8338.4388.7453,0492.0481.8423.7400.1343.9400.0684.7704.7814.9940.6936.9925.8890.2916.7

1,037.2894.2900.5905.9910.7911.3914.1916.1918.6919.6918.2917.8916.7917.1926.9939.7953.8969.2981.0990.0996.2

1,002.71,013.21,025.21,037.2

1 Includes continuing contract RPs.8 Data prior to 1983 are not seasonally adjusted.3 Data prior to 1982 are savings deposits only; MMDA data begin December 1982.See next page for continuation of table.


TABLE B-66.—Components of money stock measures and liquid assets, 1959-91—Continued

[Averages of daily figures; billions of dollars, seasonally adjusted, except as noted]

Yearand

month

December:19591960196119621963 . .196419651966196719681969 .. .1970197119721973197419751976197719781979198019811982 .19831984 . .19851986 . .19871988198919901991 *

1990: JanFeb. .. .MarAprMay..: ::...:::..::::.:::::::::':::::TJune ..JulyAUKsept::::::::::::::::::::::::::::::::::::::::::::::OctNov. .Dec

1991: JanFeb. .MarAprMayJuneJulyAugSeptOct .. ..NovDec "....

Smalldenomi-nationtime

deposits*

11.412514820.125629234555.0778

100.61204151.11897231.62658287.93379390.74455520963447286823.285097841887788348555917.7

103181,145 91 164210610114651 1468114991 15221,153 51 15461,156.81 15831,160.1116141 16181 1642116381 16251,1580114941 138911266111591 10821 1013108901075210610

Largedenomi-nationtime

deposits4

1.2203.97.0

10815221223.130937.420445.257773.4

1111144.81298118.11452195722332605303.0327332774177437.34399489254235635507 145715600554954935437540*55380535.052925219515151255071511951605115507250384987491248484768467346054571

Termrepur-chaseagree-ments(RPs)

NSA

00oo0o0o.0o.0

27162735677881

139189262291335353334499576624805

10611218988894725975

100598498299-3

10221002101797995195189487385882080879577078278277' 1760754725

TermEuro-

dollars

NSA

0.78

151.61924182.2222.927222736558198

148202318447503675817915829765838910

10608l'o714614742684667653671644651683700702700714719726711682655648659669647636624614

Savingsbonds

46.145746546.948149049650.251251.8517520543576604633672718764803796723678680711742795918

1006109311751260

1179118411921199120"71214122.21230123812451252126012671278128913011314132513351344135313621371

Short-term

Treasurysecurities

38.636737039.840738540743.238746.159548.836040.749352.868469.8781811

10781335149.4183621202608298228022535270632743354

330732733369329931573320334.33290332233033338335433323314327830762996326833763351328933253428

Bankersaccept-ances

0.69

111.11213161.8182.33335383.550

12.610710814122027232140.044545.045442.0371445401407347

40.338537236035434733.032331832634034736035232.4307288277278271251249248

Commer-cial

paper

3.6515.26.87.791

10.214.417.822.534.034.532735.242851.248552.564180.7984988

105.31137133.21608207.62314261.03368349.23594

345.03456344.13519349.13491348.23470359.0358835903594363.23559353.0338.632373274336.83335336.63357340.7

4 Small denomination and large denomination deposits are those issued in amounts of less than $100,000 and more than $100,000,respectively.

Note.—NSA indicates data are not seasonally adjusted.See also Table B-65.Source: Board of Governors of the Federal Reserve System.


TABLE B-67.—Aggregate reserves of depository institutions and monetary base, 1959-91

[Averages of daily figures *; millions of dollars; seasonally adjusted, except as noted]

Year and month

December:1959

19601961196219631964

19651966....,196719681969

19701971197219731974

19751976197719781979

1980 ,1981198219831984

19851986198719881989

19901991 p

1990- JanFebMarAprJayjuKe:::::::::::::::::::::::::::::::::::JulyAugsept :.:.::::::::"":::.::'::::.OctNovDec

1991: JanFebMar . . ..AprMay.June

JulyAURSeptOctNovDec*

Adjusted for changes in reserve requirements 2

Reserves of depository institutions

Total

13,091

13,20913,53913,66513,82814,177

14,53414,43815,56616,25116,756

17,22218,03119,68820,12320,754

21,07621,74622,47323,36624,475

25,99426,49527,83529,90131,662

37,06145,86345,81247,59647,729

49,10453,752

47,82948,04848,11248,20247,96247,896

47,63647,97348,26247,94248,24549,10449,45949.59049,53049,34450,00050,345

50,41050,88651,14751,81652,69553,752

Nonbor-rowed

12,150

13,13513,40513,40413,49513,913

14,09013,90615,33815,50615,637

16,89017,90518,63818,82520,027

20,94621,69321,90322,49823,002

24,30425,85927,20129,12728,476

35,74345,03745,03545,88047,464

48,77853,560

47,38946,60045,98846,57446,62747,014

46,87947,04647,63747,53248,01448,77848,92549,33849,28949,11249,69750,005

49,80450,12150,50251,55652,58753,560

Nonbor-rowedplus

extendedcredit

12,150

13,13513,40513,40413,49513,913

14,09013,90615,33815,50615,637

16,89017,90518,63818,82520,174

20,95721,69321,90322,49823,002

24,30726,00827,38729,12931,080

36,24245,34045,51847,12447,483

48,80153,561

47,41447,13447,93847,97847,50347,360

47,15947,17447,64447,55048,03948,80148,95249,37249,34249,19849,78550,013

49,84950,42250,80451,56752,58853,561

Required

12,585

12,46612,95513,09313,33713,771

14,11014,09915,19015,82616,470

16,97317,84919,40419,81920,496

20,80921,47322,28323,13424,033

25,48026,17627,33529,34030,807

36,02444,49444,76646,54946,807

47,44052,773

46,81347,05947,25147,30646,99947,122

46,77447,10647,35347,09647,29747,44047,29047,78248,35148,31348,97049,337

49,50549,80050,21950,73451,80252,773

Mone-tarybase

42,866

42,93143,87744,99447,07149,298

51,81553,76456,94460,78964,123

67,63371,84578,17484,14390,683

97,083104,832113,774124,026134,866

145,931153,001164,276179,921191,374

208,619230,039246,281263,459274,168

299,785324,780

276,508278,653280,613282,627283,970285,758

287,418290,458293,804295,941297,553299,785305,147309,422310,956310,568311,430312,409

313,838316,229317,926320,551322,286324,780

Borrowings of depositoryinstitutions from the Federal

Reserve, NSA

Total

941

74133260332264

444532228746

1,119

332126

1,0501,298727

13053569868

1,473

1,690636634774

3,186

1,318827777

1,716265

326192

4401,4482,1241,6281,335881

757927624410230326534252241231303340

607764645261108192

Seasonal

4132

14135513582

116543396113

56389313084

7638

475178122244311

3894304183351627633375579151222

3173312872118638

Extendedcredit

147

12

1481862

2,604

499303483

1,24420

231

26535

1,9501,403875346

280127618242327345386888

463003021211

1 Data are prorated averages of biweekly (maintenance period) averages of daily figures.2 Aggregate reserves incorporate adjustments for discontinuities associated with regulatory changes to reserve requirements. Fordetails on aggregate reserves series see Federal Reserve Bulletin.

Note.—NSA indicates data are not seasonally adjusted.Source: Board of Governors of the Federal Reserve System.


TABLE B-68.—Commercial bank loans and securities, 1972-91

[Monthly average; billions of dollars, seasonally adjusted *]

Year andmonth

December:19721973197419751976197719781979198019811982198319841985198619871988198919901991

1990:Jan ... .FebMar

ftJuneJulyAueSept: :::::::::::OctNovDec

1991:JanFebMarAprMayJuneJulyAug::: ::rrSeptOctNovDec

Totalloans and

securi-ties2

572.5647.9713.9745.3804.9891.9

1,014.41,136.11,238.91,307.21,400.51,552.11,722.2

1,909.62,093.52,238.92,421.72,589.0

2,723.62,810.6

2,600.02,615.12,633.22,648.12,655.42,670.1

2,683.02,704.92,708.02,713.62,716.62,723.6

2,721.22,735.12,751.02,751.82,750.52,763.22,763.32,761.62,768.92,784.52,799.32,810.6

U.S.Govern-

mentsecuri-

ties

89.088.286.3

116.7136.3136.6137.6144.3170.6179.3201.7259.2260.2

270.9310.1335.9363.8399.3454.2560.3

404.9413.8420.3426.4430.3438.4

442.8445.7450.1453.1454.0454.2

454.1458.0471.4479.2485.1495.2505.3512.6522.1538.2549.3560.3

Othersecuri-

ties

93.499.4

107.5111.2113.5122.7129.2141.9154.4160.5164.8169.1140.9179.0193.9193.5192.1180.8175.6173.3

180.6180.6180.4180.2178.2177.5177.3178.8178.8177.8175.9175.6

177.7177.6177.6175.7173.9173.1172.0169.9170.8172.2172.3173.3

Loans and leases

Total *

390.1460.3520.0517.4555.1632.7747.6849.9913.9967.5

1,034.01,123.81,321.1

1,459.81,589.51,709.51,865.82,008.9

2,093.82,077.0

2,014.52,020.72,032.52,041.52,046.92,054.2

2,062.92,080.42,079.02,082.72,086.72,093.8

2,089.42,099.52,102.02,096.92,091.52,094.82,086.02,079.12,076.02,074.12,077.62,077.0

Com-mercial

andindus-trial

137.1165.0196.6189.3190.9211.0246.2291.4325.7355.4392.5414.2473.2

500.3537.2567.6606.6641.3648.1616.8

639.4640.3643.5645.9644.3645.3644.4645.1644.7643.7646.5648.1

644.3643.9646.0640.0633.2630.4626.7620.5623.8623.8620.2616.8

Realestate

98.1117.3130.1134.4148.8175.2210.5241.9262.6284.1299.9331.0376.5426.0494.2587.2671.5760.6836.5857.0

766.1744.9782.7790.8798.9805.9

814.5818.0822.5827.7832.0836.5

837.3842.6846.3850.9855.1859.5857.0853.9853.4854.2856.3857.0

Individ-ual

86.398.6

102.4104.9116.3138.3164.7184.5179.2182.5188.2212.9253.8

294.6315.2328.2354.7375.5378.9361.8

377.6379.2379.4377.8378.4377.6

376.4378.2378.6379.7378.7378.9

375.9377.7375.5374.1373.5372.0369.6368.9365.3362.7361.7361.8

Secu-rity

15.6,12.9

12.713.517.721.019.718.718.021.425.328.034.543.140.434.839.938.340.647.2

39.438.337.036.835.535.038.744.641.340.539.640.6

43.143.238.939.839.838.341.642.643.943.846.447.2

Non-bankfinan-cial

insti-tutions

21.728.534.528.926.425.826.229.329.329.931.230.431.332.434.931.829.932.734.839.3

32.732.933.734.034.134.434.735.035.234.834.634.8

34.836.036.735.936.937.237.236.336.136.638.939.3

Agri-cultural

14.317.218.320.123.225.828.231.131.633.136.239.240.136.131.529.429.830.733.032.4

31.030.830.830.831.031.131.331.531.832.232.533.0

33.533.534.033.933.633.032.532.332.232.132.232.4

Stateand

politi-cal

subdi-visions

0.0.0.0.0

46.156.858.552.645.540.034.328.5

38.739.138.638.237.937.336.435.835.235.134.834.3

33.233.132.732.131.731.030.530.029.529.328.828.5

For-eign

banks

3.96.28.39.0

11.713.721.518.623.818.114.613.411.69.9

10.37.97.98.67.26.9

8.27.98.38.68.77.47.07.98.19.08.17.2

6.06.17.26.86.46.06.26.36.56.16.76.9

For-eign

officialinsti-

tutions

1.62.12.22.42.82.74.96.9

11.57.25.99.48.46.36.35.85.13.73.23.3

3.43.33.23.33.33.23.23.23.33.23.23.2

3.03.13.23.03.03.03.13.13.23.33.53.3

Leasefinanc-

ingreceiv-ables

1.42.13.24.05.15.77.49.3

10.912.713.313.716.019.022.324.529.231.832.730.9

32.132.132.432.432.632.432.632.732.833.332.932.7

32.432.833.032.732.732.832.031.431.231.130.930.9

Other

10.110.311.610.912.213.318.218.221.523.126.931.829.935.338.639.845.745.844.752.7

45.941.843.042.842.344.543.648.245.543.643.744.7

45.847.548.547.645.651.849.653.850.951.052.052.7

1 Data are prorated averages of Wednesday figures for domestically chartered banks and averages of weekly data for foreign-relatedinstitutions beginning July 1981. Prior to July 1981, data for foreign-related institutions are averages of current and previous month-enddata.

2 Excludes loans to commercial banks in the United States.Note.—Data are not strictly comparable because of breaks in the series.Source: Board of Governors of the Federal Reserve System.


TABLE B-69.—Bond yields and interest rates, 1929-91[Percent per annum]

Year andmnnth

192919331939194019411942 . .1943194419451946194719481949195019511952195319541955195619571958195919601961196219631964 ,.196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991

1986:JanFebMar

fc::JuneJulyAugSeptOctNovDec

U.S. Treasury securities

Bills(new issues) »

3-month

0.515023.014.103.326.373.375.375375.594

104011021.2181.5521.7661.931.953

1.7532.6583.2671.8393.4052.9282.3782.7783.1573.5493.9544.8814.3215.3396.6776.4584.3484.0717.0417.8865.8384.9895.2657.221

10.04111.50614.02910.6868.639.587.485.985.826.698.127.515.42

7.047.036.596.066.126.215.845.575.195.185.355.49

6-month

3.832.3.2472.6052.9083.2533.6864.0555.0824.6305.4706.8536.5624.5114.4667.1787.9266.1225.2665.5107.572

10.01711.37413.77611.0848.759.807.666.036.056.928.047.475.49

7.137.086.606.076.166.285.855.585.315.265.42,53

Consmatur

3-year

2.471.632.473.193.982.844.463.983.543.473.674.034.225.235.035.687.027.295.655.726.957.827.496.776.698.299.71

11.5514.4412.9210.4511.899.647.067.688.268.558.266.82

8.418.107.306.867.277.416.866.496.626.566.466.43

tant

10-year

2.852.402.823.183.653.324.334.123.883.954.004.194.284.925.075.656.677.356.166.216.847.567.997.617.428.419.44

11.4613.9113.0011.1012.4410.627.688.398.858.498.557.86

9.198.707.787.307.717.807.307.177.457.437.257.11

Corporatebonds

(Moody's)

Aaa

4.734.493.012.842.772.832.732.722.622.532.612.822.662.622.862.963.202.903.063.363.893.794.384.414.354.334.264.404.495.135.516.187.038.047.397.217.448.578.838.438.028.73963

11.9414.1713.7912.0412.7111.379.029.389.719.263.328.77

10.059.679.008.799.099.138.888.728.898.868.688.49

Baa

5.907.764.964.754.334.283.913.613.293.053.243.473.423.243.413.523.743.513.533.884.714.735.055.195.085.024.864.834.875.676.236.947.819.118.568.168.249.50

10.619.758.979.49

10.6913.6716.0416.1113.5514.1912.7210.3910.5810.8310.1810.369.80

11.4411.1110.4910.1910.2910.3410.1610.1810.2110.2410.079.97

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

4.274.712.762.502.102.362.061.861.671.642.012.402.211.982.002.192.722,372.532.933.603.563.953.733.463.183.233.223.273.823.984.515.816.515.705.275.186.096.896.495.565.906.398.51

11.2311.579.47

10.159.187.387.737.767.247.256.89

8.067.447.077.327.677.987.627.317.147.126.866.93

New-homemort-gage

yields'

5.895.835.816.256.466.977.818.457.747.607.968.929.009.009.029.56

10.7812.6614.7015.1412.5712.3811.5510.179.319.19

10.1310.059.32

10.8910.6810.5010.2710.2210.1510.3010.2610.1710.029.919.69

Com-mercialpaper, 6months4

5.851.73.59.56.53.66.69.73.75.81

1.031.441.491.452.162.332.521.582.183.313.812.463.973.852.973.263.553.974.385.555.105.907.837.715.114.738.159.846.325.345.617.99

10.9112.2914.7611.898.89

10.168.016.396.857.688.807.955.85

7.627.547.086.476.536.636.245.835.615.615.695.88

Prime ratecharged by

banks5

5.50-6.001.50-4.00

1.501.501.501.501.501.501.501.50

1.50-1.751.75-2.00

2.002.072.563.003.173.053.163.774.203.834.484.824.504.504.504.504.545.635.616.307.967.915.725.258.03

10.817.866.846.839.06

12.6715.2718.8714.8610.7912.049.938.338.219.32

10.8710018.46

High-low

9.50-9.509.50-9.509.50-9.009.00-8.508.50-8.508.50-8.508.50-8.008.00-7.507.50 7.507.50-7.507.50-7.507.50-7.50

Discountrate,

FederalReserveBank of

New York6

5.162.561.001.001.007 1.00

7 1.007 1.007 1.007 1.001.001.341.501.591.751.751.991.601.892.773.122.153.363.533,003.003.233.554.044.504.195.165.875.954.884.506.447.836.255.505.467.46

10.2811.7713.4211.028.508.807.696.335.666.206.936.985.45

High-low

7.50-7.507.50-7.507.50-7.007.00-6.506.50-6.506.50-6.506.50-6.006.00-5.505.50-5.505.50-5.505.50-5.505.50-5.50

Federalfundsrate6

• "••••••

1.782.733.111.573.303.221.962.683.183.504.075.114.225.668.207.184.664.438.73

10.505.825.045,547.93

11.1913.3616.3812.269.09

10.238.106.816.667.579.218.105.69

8.147.867.486.996.856.926.566.175.895.856.046.91

1 Rate on new issues within period; bank-discount basis.2 Yields on the more actively traded issues adjusted to constant maturities by the Treasury Department.8 Effective rate (in the primary market) on conventional mortgages, reflecting fees and charges as well as contract rate andassuming, on the average, repayment at end of 10 years. Rates Txeginning January 1973 not strictly comparable with prior rates.



TABLE B-69.—Bond yields and interest rates, 1929-91—Continued[Percent per annum]

Year andmonth

1987:JanFebMartorBay

My.""'.'.'.A*S«ptOctNovDec

1988:JanFebWarAprMayJuneJulyAugSeptOctNovDec

1989:JanFebMar

&:::::::JuneJulyAugSeptOctNevDec

1990:JanFebMar

MayJuneJulyAugSeptOctNovDec

1991:JanFebMarAprMayJuneJulyAugSeptOctNovDec

U.S. Treasury securities

Bills(new issues) 1

3-month

5.455.595.565.765.755.685.786.986.326.405.815.80

5.905.695.695.926.276.506.737.027.237.347.688.09

8.298.488.838.708.408.227.927.917.727.637.657.64

7.647.767.877.787.787.747.667.447.387.197.076.81

6.305.955.915.675.515.605.585.395.255.034.604.12

6-month

5.475.695.565.936.115.995.866.146.576.866.236.36

6.315.965.916.216.536.766.977.367.437.507.768.24

8.388.498.878.738.398.007.637.727.747.617.467.45

7.527.727.837.827.827.647.577.367.337.207.046.76

6.345.935.915.735.655.765.715.475.295.084.664.16

Constantmaturities2

3-year

6.416.566.587.328.027.827.748.038.678.757.998.13

7.877.387.507.838.248.228.448.778.578.438.729.11

9.209.329.619.408.988.377.838.138.268.027.807.77

8.138.398.638.788.698.408.268.228.278.077.747.47

7.387.087.357.237.127.397.386.806.506.235.905.39

10-year

7.387.257.258.828.618.468.458.769.429.528.868.99

8.678.218.378.729.098.929.069.268.988.808.969.11

9.099.179.369.188.868.288.028.118.198.017.877.84

8.218.478.598.798.768.488.478.758.898.728.398.08

8.097.858.118.048.078.288.277.907.657.537.427.09

Corporatebonds

(Moody's)

Aaa

8.368.388.368.859.339.329.429.67

10.1816.5210.0110.11

9.889.409.399.679.909.869.96

10.119.829.519.459.57

9.629.649.809.799.579.108.938.969.018.928.898.86

8.999.229.379.469.479.269.249.419.569.539.309.05

9.048.838.938.868.869.019.008.758.618.558.488.31

Baa

9.729.659.61

14.9410.5118.5216.6116.8811.3111.6211.2311.29

11.0710.6210.5710.9011.0411.0011.1111.2110.9010.4110.4810.65

10.6510.6110.6710.6110.4610.039.879.889.919.819.819.82

9.9410.1410.2110.3010.4110.2210.2010.4110.6410.7410.6210.43

10.4510.0710.099.949.869.969.899.659.519.499.459.26

High-grade

munici-pal

bonds(Stand-ard &

Poor's)

6.636.666.717.628.107.897.837.968.368.84

•8.098.07

7.817.557.867.918.017.867.877.867.717.547.587.66

7.417.477.617.497.256.976.977.087.277.227.137.01

7.137.217.297.367.347.227.157.317.407.407.107.04

7.056.907.077.056.957.097.036.896.806.596.646.63

New-homemod-

ffi

9.519.239.149.219.379.459.419.389.379.259.309.15

9.109.129.159.138.959.269.179.069.269.109.439.39

9.529.829.99

10.1710.1810.4210.4810.2210.2410.1110.0910.07

9.919.88

10.0310.1710.2810.1310.0810.119.909.989.909.76

9.659.579.439.609.529.469.439.489.309.048.648.53

Com-mercialpaper, 6months4

5.765.986.106.§67.947.986.726.817.557.967.177.49

6.926.586.646.927.317.537.908.368.238.248.558.97

9.029.359.979.789.298.808.358.328.508.248.907.93

7.968.048.238.298.238.067.907.777.837.817.747.49

7.026,416.366.075.946.166.145.765.595.334.934.49

Prime ratecharged by

banks5

14 -̂low

7.50- 7.S87.§8- 7.§87.58- 7.S87.75- 7.188.25- 7.758.25- 8.258.25- 8.258.25- 8.258.75- 8.259.25- 8.759.00- 8.758.75- 8.75

8.75- 8.758.75- 8.508.50- 8.508.56- 8.509.00- 8.509.00- 9.909.50- 9.00

10.00- 9.5010.06-10.0010.00-10.0010.50-10.0010.50-10.50

10.59-10.5011.56-10.5011.50-11.5011.50-11.5611.56-11.5611.58-11.9611.96-10.5©10.56-16.5616.56-18.5016.56-10.5610.50-10.5010.50-16.56

16.56-16.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.0010.00-10.00

10.00- 9.509.50- 9.009.00- 9.009.00- 9.009.00- 8.508.50- 8.508.50- 8.508.50- 8.508.50- 8.008.00- 8.008.00- 7.507.50- 6.50

Discountrate,

FederalReserveBank of

New York6

Hcgfc-tew

5.S@-5.995.59-5.385.58-5.985.58-5.505.58-5.585.58-5.585.58-5.595.56-5.566.66-5.566.66-6.666.66-6.966.00-6.00

6.96-6.006.96-6.666.96-6.966.96-6.666.96-6.666.00-6.006.06-6.006.50-6.006.50-6.506.50-6.506.50-6.506.50-6.50

6.56-6.567.96-6.567.96-7.067.96-7.997.96-7.907.96-7.867.96-7.007.96-7.667.96-7.667.66-7.967.60-7.667.00-7.00

7.00-7.007.66-7.867.60-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-7.007.00-6.50

6.50-6.506.50-6.006.00-6.006.00-5.505.50-5.505.50-5.505.50-5.505.50-5.505.50-5.005.00-5.005.00-4.504.50-3.50

Federalfundsrate*

6.436.166.136.376.8S6.736.586.737.227.296.696.77

6.836.586.586.877.897.517.758.618.198.368.358.76

9.129.369.859.849.819.539.248.999.628.848.558.45

8.238.248.288.268.188.298.158.138.208.117.817.31

6.916.256.125.915.785.905.825.665.455.214.814.43

4 Bank-discount basis; prior to November 1979, data are for 4-6 months paper.6 For monthly data, high and low for the period. Prime rate for 1929-33 and 1947-48 are ranges of the rate in effect during theperiod.8 Since July 19, 1975, the daily effective rate is an average of the rates on a given day weighted by the volume of transactions atthese rates. Prior to that date, the daily effective rate was the rate considered most representative of the day's transactions, usuallythe one at which most transactions occurred.7 From October 30, 1942, to April 24, 1946, a preferential rate of 0.50 percent was in effect for advances secured by Governmentsecurities maturing in 1 year or less.

Sources: Department of the Treasury, Board of Governors of the Federal Reserve System, Federal Housing Finance Beard, Moody'sInvestors Service, and Standard & Poor's Corporation.


TABLE B-70.—Total funds raised in credit markets by nonfinancial sectors, 1982-91

[Billions of dollars-, quarterly data at seasonally adjusted annual rates]

Item

Total net borrowing by domestic nonfinanciai sectors...

U.S. Government

Treasury issuesAgency issues and mortgages

Private domestic nonfinanciai sectors

Debt capital instruments

Tax-exempt obligationsCorporate bondsMortgages

Home mortgagesMulti-family residential .CommercialFarm

Other debt instruments

Consumer creditBankloansn.eeOpen-market paperOther

By borrowing sector:

State and local governmentsHouseholdsNonfinanciai business

FarmNonfarm noncorporateCorporate

Foreign net borrowing in United States

BondsBank loans n.e.cOpen-market paperU.S. Government and other loans

Total domestic plus foreign

Total funds supplied to domestic nonfinanciai sectors..

Private domestic nonfinanciai sectors

Deposits and currency

Checkable deposits and currencyTime and savings depositsMoney market fund sharesSecurity repurchase agreementsForeign deposits

Credit market instruments

Foreign funds

At banks ,Credit market instruments

U.S. Government and related loans, netU.S. Government cash balancesPrivate insurance and pension reservesOther sources

1982 1983 1984 1985 1986 1987 1988 1989 1990

Net credit market borrowing by nonfinanciai sectors

401.0

161.2

162.1g

239.8

159.9

53.118.788.2

53.45.4

25.24.1

79.9

16.453.9

-6.115.8

239.8

30.484.1

125.3

6.769.848.8

16.0

6.6-5.5

1.913.0

417.0

547.7

185.1

185.2I

362.6

258.2

54.416.0

187.9

120.414.151.02.4

104.4

48.925.0

3~L3

362.6

34.6179.2148.7

3.983.961.0

17.3

3.13.66.54.1

565.0

758.2

197.1

197.3

561.1

327.6

58.746.1

222.8

136.725.262.212

233.5

81.7o7.921.762.2

561.1

35.7231.1294.2

4

123.2171.5

8.4

3.8-6.6

6.25.0

766.6

895.3

225.6

225.71

669.7

494.5

178.673.8

242.2

156.829.862.266

175.1

82.540.614.637.4

689.7

134.0283.1252.6

-14.5130.2136.9

1.2

3.8-2.8

6.2-6.0

896.5

861.6

215.9

215.6.4

645.7

489.3

45.7127.3316.3

218.733.573.6

-9.5

156.4

58.063,6

-9.344.1

645.7

59.2289.7296.7

163101.3211.7

9.7

3.1-1.011.5

-3.9

871.3

722.8

143.9

142.41.5

578.9

487.1

83.579.1

324.5

234.924.471.6

-6.4

91.8

33.59.91.6

46.8

578.9

83.0302.2193.7

-10.665.9

138.5

6.2

7.4-3.6

3.8-1.4

729.0

767.2

155.1

137.717.4

612.1

463.5

53.7103.4306.5

231.016.760.821

148.6

50.440.511.945.8

612.1

48.9315.8247.4

7562.4

192.5

6.4

6.9188.7

-7.5

773.6

714.7

146.3

144.71,6

568.4

414.9

65.074.3

275.7

218.016.442.7

-1.5

153.5

43.139.921.449.1

568.4

63.2287.3217.9

1.650.0

166.3

10.6

5.3-.113.1

-7.7

725.3

630.0

246.9

238.78.2

383.2

314.0

45.547.5

221.0

204.65.9

10.61

69.2

14.31.59.7

43.7

383.2

42.6247.293.4

2.515.375.5

23.5

21.6-2.912.3

-7.5

653.5

Direct and indirect supply of funds to credit markets

401.0

310.7

208.9

27.1137.733.511.1

4

101.8

-8.6

32323.7

8,36.1

119.7-35.2

547.7

410.5

240.2

44.2208.7

-39.023.13.1

170.3

38.2

14.623.7

9.053

96.714

758.2

476.9

312.9

36.7222.649.09.8

-5.1

164.0

66.7

8.857.9

16.54.0

143.051.0

895.3

516.3

221.3

55.3142.8

7.217.7

-1.7

295.0

82.0

19.762.3

37.010.3

155.893.9

861.6

408.5

282.8

112.6100.943.220.25.9

125.7

110.7

12.997.8

18.61.7

171.3150.8

722.8

432.2

190.3

18.7123.728.921.625

241.9

106.4

43.762.7

8.158

100.081.9

767.2

472.6

232.2

27.2163.020.232.9112

240.4

106.9

9.397.6

-13.17.3

172.521.0

714.7

422.8

224.2

12.3107.3

85.214.94.4

198.6

61.7

-9.971.6

-46.2-3.4190.289.7

630.0

249.9

88.7

23.017.461.8

-20.57.0

161.2

77.2

24.053.2

17.65.3

169.5110.4

See next page tor contawfon ol We.


TABLE B-70.—Total funds raised in credit markets by nonfinancial sectors, 1982-91—Continued


Item

Total net borrowing by domestic nonfinancialsectors

U.S. Government

Treasury issuesAgency issues and mortgages

Private domestic nonfinancial sectors

Debt capital instruments

Tax-exempt obligationsCorporate bondsMortgages .

Home mortgagesMulti-family residentialCommercialFarm

Other debt instruments

Consumer creditBank loans n e eOpen-market paperOther

By borrowing sector:

State and local governmentsHouseholdsNonfinancial business

FarmNonfarm noncorporateCorporate

Foreign net borrowing in United States

Bonds....Bank loans n.e.c..Open-market paperU.S. Government and other loans

Total domestic plus foreign

"otal funds supplied to domestic nonfinancialsectors

Private domestic nonfinancial sectors

Deposits and currency

Checkable deposits and curren-cy

Time and savings depositsMoney market fund sharesSecurity repurchase agreements .Foreign deposits

Credit market instruments

Foreign funds

At banksCredit market instruments

U.S. Government and related loans, netU.S. Government cash balancesPrivate insurance and pension reservesOther sources

1989

1 II III IV

1990

1 II III IV

1991

1 II III

Net credit market borrowing by nonfinancial sectors

740.4

154.7

155.9-1.2

585.7

410.8

56.158.8

295.9

213.620.465.2

-3.3

174.9

46.945.423.159.5

585.7

62.3281.3242.1

4.671.5

166.0

11.5

5.2.5

17.8-12.0

751.9

720.7

117.5

112.45.1

603.2

403.4

48.686.2

268.6

207.320.839.0

1.5

199.8

39.953.443.762.7

603.2

50.8267.9284.5

156.7

227.9

-11.7

6.8-.466

-11.4

709.1

701.4

149.2

142.17.1

552.2

410.4

76.863.9

269.6

223.711.636.1

-1.8

141.8

45.846.018.731.2

552.2

73.0291.4187.7

4439.2

152.9

26.9

8.14.2

19.1-4.4

728.3

696.4

164.0

168.6-4.6

532.4

435.1

78.388.2

268.7

227.513.030.5

-2.3

97.3

39.714.7

.142.8

532.4

66.6308.7157.1

6.532.5

118.2

15.6

1.1-4.822.1

-2.8

712.0

780.6

234.2

204.729.6

546.3

396.0

70.727.9

297.4

258.18.7

31.1-.6

150.3

33.66.8

54.955.1

546.3

74.3328.9143.1

5.931.0

106.2

12.5

35.0-9.7

-14.92.1

793.1

669.3

239.6

234.25.4

429.7

335.2

56.266.8

212.2

218.4-7.5

2.5-1.2

94.5

14.226.7-.754.4

429.7

48.9274.5106.3

-5.514.197.8

36.3

20.71.3

23.1-8.8

705.6

588.3

242.3

243.6-1.3

346.0

272.5

36.530.4

205.6

183.016.84.51.3

73.6

13.469

19.347.7

346.0

34.6219.392.2

8.711.272.3

26.2

1.92.0

25.6-3.3

614.5

482.0

271.5

272.5-1.0

210.6

252.2

18.364.9

169.0

159.05.54.3

.2

-41.7

-4.2206

-34.417.6

210.6

12.4166.331.9

1.14.8

25.9

19.0

28.6-5.215.6

-20.0

501.0

427.1

199.3

223.2-24.0

227.9

263.0

25.373.7

164.1

140.38.6

15.1.1

351

-21.22.0

-6.9-9.1

227.9

25.6166.435.9

24.8-7.718.7

62.0

11.57.4

46.7-3.5

489.2

515.7

269.1

275.3-6.2

246.5

307.0

38.489.6

179.0

161.98.6

10.9-2.3

605

-7.0-43.7-16.1

6.4

246.5

25.7187.833.0

2.5-1.231.8

-59.2

14.731

-51.9-18.8

456.5

565.6

365.5

394.3-28.8

200.1

243.0

52.680.0

110.3

146.0-9.6

-26.1.0

-42.9

263-6.642432.5

200.1

27.5169.0

3.5

2.1-40.6

42.0

22.5

15.91.7

16.0110

588.2

Direct and indirect supply of funds to credit markets

740.4

425.8

225.9

.388.476.332.628.3

200.0

80.6

-35.1115.7

-2.9-17.9183.871.0

720.7

430.9

241.2

-14.7129.293.726.56.5

189.7

-29.2

-24.9-4.2

-95.218.8

290.0105.4

701.4

490.4

217.8

13.6108.4117.412.0337

272.6

156.1

21.2134.9

-52.9209

134.356

696.4

344.0

211.9

50.1103.153.6

-11.416.5

132.0

39.1

-.840.0

-33.96.4

152.8188.0

780.6

499.3

216.6

51.193.6

112.5-37.1

36

282.7

14.9

13.51.4

39.85.2

99.4122.0

669.3

336.8

32.1

18.013.4

-25.318.27.8

304.7

83.1

23.559.6

21.5-1.0222.4

6.4

588.3

129.8

81.7

29.1-32.2113.5

-26.5-2.2

48.1

162.6

87.575.1

99.813.7

131.750.7

482.0

33.8

24.6

-6.1-5.446.4

-36.626.2

9.3

48.3

28576.8

90.63.4

224.6262.6

427.1

209.9

232.7

101.936.8

172.5-56.4-22.1

229

39.8

9.230.6

60.820.6

269.21731

515.7

33.2

-93.7

10.1-59.6-64.4

2.717.5

126.9

-40.1

-99.359.1

93.5-22.3192.0259.3

565.6

-70.5

-77.7

98.1-155.1

-3.3-16.5

-.9

7.2

82.1

30.551.7

60.85.7

321.7165.7



TABLE B-71.—Mortgage debt outstanding by type of property and of financing, 1940-91

[Billions of dollars]

End of yearor quarter

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

196019611962 .1963196419651966196719681969

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

1990

1989:1||IIIIV

1990- 1||IllIV

1991: 1||II I

Allproper-

ties

36.537.636.735.334.735.541.848.956.262.7

72.882.391.4

101.3113.7129.9144.5156.5171.8190.8

207.5228.0251.4278.5305.9333.3356.5381.2411.1441.6

473.7524.2597.4672.6732.5791.9878.6

1,010.31,163.01,328.4

1,460.41,566.71,637.91,825.42,051.42,303.32,633.62,986.43,270.13,556.4

3,912.2

3,334.93,414.33,493.03,556.4

3,754.73,815.33,870.23,912.2

3,943.13,995.24,026.1

Farmproper-

ties

6.56.46.05.44.94.84.95.15.35.6

6.16.77.27.78.29.09.8

10.411.112.1

12.813.915.216.818.921.223.125.127.529.4

30.532.435.439.844.949.955.463.972.886.8

97.5107.2111.3113.7112.4105.996.587.585.284.0

84.0

84.685.485.384.0

83.984.084.384.0

83.983.883.8

Nonfarm properties

Total

30.031.230.829.929.730.836.943.950.957.1

66.775.684.293.6

105.4120.9134.6146.1160.7178.7

194.7214.1236.2261.7287.0312.1333.4356.1383.5412.2

443.2491.8562.0632.8687.5742.0823.2946.4

1,090.21,241.7

1,362.91,459.51,526.61,711.71,939.02,197.42,537.22,898.93,184.93,472.3

3,828.2

3,250.33,328.93,407.63,472.3

3,670.83,731.33,785.93,828.2

3,859.23,911.43,942.4

l-to4-familyhouses

17.418.418.217.817.918.623.028.233.337.6

45.251.758.566.175.788.299.0

107.6117.7130.9

141.9154.6169.3186.4203.4220.5232.9247.3264.8283.2

297.4325.9366.5407.9440.7482.1546.3642.7753.5870.5

965.11,039.81,080.01,198.51,334.31,501.41,723.71,963.02,201.22,429.7

2,765.1

2,247.22,309.12,371.92,429.7

2,614.02,675.72,724.92,765.1

2,789.72,837.12,877.0

Multi-family

proper-ties

5.75.95.85.85.65.76.16.67.58.6

10.111.512.312.913.514.314.915.316.818.7

20.323.025.829.033.637.240.343.947.352.2

60.170.182.893.1

100.0100.6105.7114.0124.9134.9

142.3142.1145.7160.7185.4214.5257.2278.9291.4303.4

307.0

296.8301.8300.9303.4

303.7301.9306.1307.0

309.6311.8309.4

Com-mercialproper-

ties

6.97.06.76.36.26.47.79.1

10.210.8

11.512.513.414.516.318.320.723.226.129.2

32.436.541.146.250.054.560.164.871.476.9

85.695.9

112.7131.7146.9159.3171.2189.7211.8236.3

255.5277.5300.9352.4419.3481.5556.3657.0692.2739.2

756.1

706.3718.1734.8739.2

753.1753.8754.9756.1

759.9762.5756.0

Nonfarm properties by type of mortgage

Government underwritten

Total »

2.33.03.74.14.24.36.39.8

13.617.1

22.126.629.332.136.242.947.851.655.259.3

62.365.669.473.477.281.284.188.293.4

100.2

109.2120.7131.1135.0140.2147.0154.1161.7176.4199.0

225.1238.9248.9279.8294.8328.3370.5431.4459.7486.8

517.9

466.0472.5478.3486.8

495.1502.3510.9517.9

525.3532.6540.3

1- to 4-family houses

Total

2.33.03.74.14.24.36.19.3

12.515.0

18.822.925.428.132.138.943.947.250.153.8

56.459.162.265.969.273.176.179.984.490.2

97.3105.2113.0116.2121.3127.7133.5141.6153.4172.9

195.2207.6217.9248.8265.9288.8328.6387.9414.2440.1

470.9

420.8426.9432.9440.1

448.2455.0464.1470.9

478.0484.2491.4

FHAinsured

2.33.03.74.14.24.13.73.85.36.9

8.59.7

10.812.012.814.315.516.519.723.8

26.729.532.335.038.342.044.847.450.654.5

59.965.768.266.265.166.166.568.071.481.0

93.6101.3108.0127.4136.7153.0185.5235.5258.8282.8

310.9

264.7270.3276.3282.8

289.8296.2304.8310.9

317.0323.1329.2

VAguar-

anteed

0.22.45.57.28.1

10.313.214.616.119.324.628.430.730.430.0

29.729.629.930.930.931.131.332.533.835.7

37.339.544.750.056.261.667.073.682.092.0

101.6106.2109.9121.4129.1135.8143.1152.4155.4157.3

160.0

156.1156.6156.6157.3

158.4158.8159.3160.0

161.0161.1162.2

Conventional 2

Total

27.728.227.125.825.526.530.634.137.340.0

44.749.154.961.569.378.086.894.6

105.5119.4

132.3148.5166.9188.2209.8231.0249.3267.9290.1312.0

333.9371.1430.9497.7547.3595.0669.0784.6913.9

1,042.7

1,137.81,220.61,277.81,431.91,644.21,869.12,166.72,467.52,725.22,985.5

3,310.3

2,784.42,856.52,929.42,985.5

3,175.73,229.03,275.03,310.3

3,333.83,378.83,402.1

1- to 4-familyhouses

15.115.414.513.713.714.316.918.920.822.6

26.328.933.238.043.649.355.160.467.677.0

85.595.5

107.1120.5134.1147.4156.9167.4180.4193.0

200.2220.7253.5291.7319.4354.3412.8501.0600.2697.6

769.9832.2862.2949.6

1,068.51,212.61,395.11,575.11,787.11,989.6

2,294.2

1,826.41,882.21,939.01,989.6

2,165.82,220.72,260.82,294.2

2,311.72,352.92,385.5

1 Includes FHA insured multifamily properties, not shown separately.2 Derived figures. Total includes multifamily and commercJ commercial properties, not shown separately.Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.


TABLE B-72.—Mortgage debt outstanding by holder, 1940-91


End of yearor quarter

19401941194219431944 ...1945. .19461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974197519761977 ..1978...1979...19801981...19821983...198419851986...198719881989... .1990....1989: 1

IIIllIV

1990- 1||I I IIV

1991: II II I I

Total

36.537.636.735.334.735.541.848.956.262.772.882.391.4

101.3113.7129.9144.5156.5171.8190.8207.5228.0251.4278.5305.9333.3356.5381.2411.1441.6473.7524.2597.4672.6732.5791.9878.6

1,010.31,163.01,328.41,460.41,566.71,637.91,825.42,051.42,303.32,633.62,986.43,270.13,556.43,912.23,334.93,414.33,493.03,556.43,754.73,815.33,870.23,912.23,943.13,995.24,026.1

Major financial institutions

Total

19.520.720.720.220.221.026.031.837.842.951.759.566.975.185.799.3

111.2119.7131.5145.5157.6172.6192.5217.1241.0264.6280.8298.8319.9339.1355.9394.2450.0505.4542.6581.2647.5745.2848.2938.2996.8

1,040.51,021.31,108.21,245.91,361.51,474.31,665.31,831.51,931.51,913.91,864.91,900.01,925.41,931.51,939.01,940.41,933.31,913.91,902.11,898.11,868.6

Savingsinstitu-tions1

9.09.49.29.09.19.6

11.513.816.118.321.925.529.834.941.148.955.561.268.978.187.098.0

111.1127.2141.9154.9161.8172.3184.3196.4208.3236.2273.7305.0324.2355.8404.6469.4528.0574.6603.1618.5578.1626.7709.7760.5778.0860.5924.6910.3801.6934.4938.7932.4910.3891.9860.3836.0801.6776.6755.2722.8

Comrner-cial

banks2

4.64.94.74.54.44.87.29.4

10.911.613.714.715.916.918.621.022.723.325.528.128.830.434.539.444.049.754.459.065.770.773.382.599.3

119.1132.1136.2151.3179.0214.0245.2262.7284.2301.3330.5379.5429.2502.5592.4674.0767.1844.5693.8719.5746.0767.1786.8814.6831.2844.5856.5871.2870.7

Lifeinsur-ancecom-

panies

6.06.46.76.76.76.67.28.7

10.812.916.119.321.323.326.029.433.035.237.139.241.844.246.950.555.260.064.667.570.072.074.475.576.981.4

* 86.289.291.696.8

106.2118.4131.1137.7142.0151.0156.7171.8193.8212.4232.9254.2267.9236.8241.8247.0254.2260.3264.9266.1267.9269.0271.7275.1

Other holders

Federaland

relatedagen-cies3

4.94.74.33.63.02.42.01.81.82.32.83.54.14.64.85.36.27.78.0

10.211.512.212.611.812.213.517.520.925.131.138.346.454.664.882.2

101.1116.7140.5170.6216.0256.8289.4355.4433.4491.1582.0735.4863.1945.9

1,079.01,270.6

970.4996.5

1,032.81,079.01,125.11,172.01,221.21,270.61,314.51,362.71,406.7

Individ-uals andothers4

12.012.211.711.511.512.113.815.316.617.518.419.320.421.723.225.327.129.132.335.138.443.146.349.552.755.258.261.466.171.479.483.692.8

102.4107.7109.6114.4124.6144.3174.3206.8236.8261.2283.7314.5359.8423.9458.0492.8545.8727.6499.6517.7534.8545.8690.6702.9715.6727.6726.6734.3750.9

1 Includes savings banks and savings and loan associations. Data reported by Federal Savings and Loan Insurance Corporation-insuredinstitutions include loans in process for 1987 and exclude loans in process beginning 1988.

2 Includes loans held by nondeposit trust companies, but not by bank trust departments.3 Includes Government National Mortgage Association (GNMA), Federal Housing Administration, Veterans Administration, Farmers HomeAdministration (FmHA), and in earlier years Reconstruction Finance Corporation, Homeowners Loan Corporation, Federal Farm MortgageCorporation, and Public Housing Administration. Also includes U.S.-sponsored agencies such as Federal National Mortgage Association(FNMA), Federal Land Banks, Federal Home Loan Mortgage Corporation (FHLMC), and mortgage pass-through securities issued orguaranteed by GNMA, FHLMC, FNMA or FmHA. Other U.S. agencies (amounts small or current separate data not readily available)included with "individuals and others."4 Includes private mortgage pools.

Source: Board of Governors of the Federal Reserve System, based on data from various Government and private organizations.


TABLE B-73.—Consumer credit outstanding, 1950-91

[Amount outstanding (end of month); millions of dollars, seasonally adjusted]

December:1950195119521953195419551956195719581959

1960...19611962196319641965 ..1966196719681969 ..

19701971197219731974197519761977..19781979

198019811982198319841985 ..19861987 ..1988 819891990

1990: JanFebMar

May"!!!!.""!!!!June


1991- JanFebMarAprflayJune

JulyAugSeptOctNov *

Total

credit

23,295246242976633,7693502741,8854550348,1324835655,878

60,03562,3406823176,6068598995,948101 839106,716117 231126 928

131 600147,058166 009190,601199 365204,963228,162263,808308,272347 507

350 269366,869383 132431 170511,315592 129649,112681 893731,176781,190

794 403

784,601788,573789,740790,434790,962792,505

794,231794,755795,746795,428795,952794,403

792 438792 021789,639790,828790,252787,317

785,267782,785781,059779,963778,911

Total

15,1661585920 12123,8702447029,8093266034,91434 73640421

4433545,4385037557,056646747281478 162817839011299381

103 905116,434131 258152 910162 203167 043187,782221 475261,976296 483

298154311 259325 805368 966442,602518 252573,017610 468664,049718,863

735 102

721,563725 519726,676727,798729,528730,355

732 750733,844735,547735 433736,411735 102

732 962732*762732,442733,621732,289730,591

729,962729,108729,151730,817730,844

Ir

Automobile

6,035598176519,702975513,4851449915,4931426716,641

1810817,6562000122,8912586529,3783102431,1363435236946

3634840,5224783553,7405424156,98966,8218094898,739112475

111 991119,008125 945143 560173,564210 187247,428265 851284,214290,676

284 585

291,100291 270290,755290,000289,416288,797

288 136286,818285,627285 024284,412284 585

283 746282 626280,689279,746276,494274,496

273,565271,906270,223270,013269,061

Bailment credit

Revolving 2

20223563

49008,252939111,318132321450716,5953668945,20253357

55111610706645479088100,280121 816135,851153 078174,104199,082

220 110201,760204 251205,783207,673210618212,043

215119217,024219,090220 031221,690220 110219 58822l'556224,817225,994227,301227,737

228,199229,453232,070233,661234,675

Mobile home 3

24337,171946813,5051458215,38815,73816,36216,92118207

1873620,0582260423,56225,8612685027,0962592025,34822,471

20,919

22,40622,44422,67222,35922,07321,761

21,21121,19121,07320,68020,49220,919

2045920,20020,12320,09819,79619,907

19,61519,49518,89218,94319,068

Other

9,13198781247014,1681471516,3241816119,4212046923780

2622727,7823037434,1653880943,4364713850,6475373858872

6022460,4896456474,3478014880,15988,62887,476101,114112444

112 317111,124110802122,756142,897159,400162,642165,620180,383206,633

,209,487

206,350207,553207,466207,766207,421207,754

208,284208,811209,758209,698209,817209,487

209 170208,379206,813207,782208,697208,451

208,582208,253207,966208,200208,040

Noninstallmentcredit *

8,129876596459,899105571207612843132181362015457

1570016,902178561955021315231342367724,9332711927547

2769530,6243475137,6913716237,92040,38042,33346,29651024

5211555,6105732762,20468,71373,87776,09571,42467,12762,327

59,301

63,03963,05363,06462,63661,43462,150

61,48160,91160,19959,99559,54159,301

5947659,25957,19757,20757,96356,726

55,30553,67751,90849,14648,067

1 Installment credit covers most short- and intermediate-term credit extended to individuals through regular business channels,usually to finance the purchase of consumer goods and services or to refinance debts incurred for such purposes, and scheduled to berepaia (or with the option of repayment) in two or more installments. Credit secured by real estate is generally excluded.2 Consists of credit cards at retailers, gasoline companies, and commercial banks, and check credit at commercial banks. Excludes 30-day charge credit held by travel and entertainment companies. Prior to 1968, included in "other," except gasoline companies included innoninstaflment credit prior to 1971. Beginning 1977, includes open-end credit at retailers, previously included in "other." Also beginning1977, some retail credit was reclassified from commercial into consumer credit.3 Not reported separately prior to July 1970.4 Noninstallment credit is credit scheduled to be repaid in a lump sum, including single-payment loans, charge accounts, and servicecredit. Because of inconsistencies in the data and infrequent benchmarking, series is no longer published by the Federal Reserve Boardon a regular basis. Data are shown here as a general indication of trends.5 Data newly available in January 1989 result in breaks in many series between December 1988 and subsequent months.



GOVERNMENT FINANCE

TABLE B-74.—Federal receipts, outlays, surplus or deficit, and debt, selected fiscal years, 1929-93

[Billions of dollars; fiscal years]

Fiscal yearor period

19291933193919401941194219431944194519461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968 ....1969 j1970197119721973197419751976Transition

quarter ...1977197819791980198119821983198419851986198719881989199019911992 2

1993 2

Total

Re-ceipts

3.92.06.36.58.7

14.624.043.745.239.338.541.639.439.451.666.269.669.765.574.680.079.679.292.594.499.7

106.6112.6116.8130.8148.8153.0186.9192.8187.1207.3230.8263.2279.1298.1

81.2355.6399.6463.3517.1599.3617.8600.6666.5734.1769.1854.1909.0990.7

1,031.31,054.31,075.71,164.8

Outlays

3.14.69.19.5

13.735.178.691.392.755.234.529.838.842.645.567.776.170.968.470.676.682.492.192.297.7

106.8111.3118.5118.2134.5157.5178.1183.6195.6210.2230.7245.7269.4332.3371.8

96.0409.2458.7503.5590.9678.2745.8808.4851.8946.4990.3

1,003.91,064.11,144.21,251.81,323.01,441.01,497.5

Surplusor

deficit(-)

0.7-2.6-2.8-2.9-4.9

-20.5-54.6-47.6-47.6-15.9

4.011.8

.6-3.1

6.1-1.5-6.5-1.2-3.0

3.93.4

-2.8-12.8

.3-3.3-7.1-4.8-5.9-1.4-3.7-8.6

-25.23.2

-2.8-23.0-23.4-14.9-6.1

-53.2-73.7

-14.7-53.7-59.2-40.2-73.8-79.0

-128.0-207.8-185.4-212.3-221.2-149.8-155.2-153.5-220.5-268.7-365.2-332.7

On-budget

Re-ceipts

5.86.08.0

13.722.942.543.838.137.139.937.737.348.562.665.565.160.468.273.271.671.081.982.387.492.496.2

100.1111.7124.4128.1157.9159.3151.3167.4184.7209.3216.6231.7

63.2278.7314.2365.3403.9469.1474.3453.2500.4547.9568.9640.7667.5727.0749.7760.4774.8839.0

Outlays

9.29.5

13.635.178.591.292.655.034.229.438.442.044.266.073.867.964.565.770.674.983.181.386.093.396.4

102.8101.7114.8137.0155.8158.4168.0177.3193.8200.1217.3271.9302.2

76.6328.5369.1403.5476.6543.1594.4661.3686.0769.6806.8810.1861.4933.3

1,026.71,081.31,189.41,233.5

Surplusor

deficit(-)

-3.4-3.5-5.6

-21.3-55.6-48.7-48.7-17.0

2.910.5

-4.74.3

-3.4-8.3-2.8-4.1

2.52.6

-3.3-12.1

.5-3.8-5.9-4.0-6.5-1.6-3.1

-12.6-27.7

-.587

-26.1-26.4-15.4-8.0

-55.3-70.5

-13.3-49.8-54.9-38.2-72.7-74.0

-120.1-208.0-185.7-221.7-238.0-169.3-194.0-206.2-277.1-320.9-414.6-394.5

Off-budget

Re-ceipts

0.5.6.7.9

1.11.31.31.21.51.61.72.13.13.64.14.65.16.46.88.08.3

10.612.112.314.216.416.719.124.424.929.033.535.839.946.153.962.566.4

18.076.885.498.0

113.2130.2143.5147.3166.1186.2200.2213.4241.5263.7281.7293.9300.9325.8

Outlays

-0.0-.0

.0

.1

.1

.1

.1

.2

.3

.4

.4

.51.31.72.32.94.05.06.07.59.0

10.911.713.515.015.716.519.720.422.325.227.632.836.945.652.160.469.6

19.480.789.7

100.0114.3135.2151.4147.1165.8176.8183.5193.8202.7210.9225.1241.7251.5264.0

Surplusor

deficit(-)

0.5.6

'.81.01.21.21.01.21.21.31.61.81.91.81.71.11.5.8.5

-.2.4

-1.3-.8

.6

.2g

4.02.63.75.93.03.1.5

1.82.0

-3.2

-1.4-3.9-4.3-2.0-1.1-5.0-7.9

.2

.39.4

16.719.638.852.856.652.249.461.8

Gross Federal debt(end of period)

Total

'16.9J 225

48.250.757.579.2

142.6204.1260.1271.0257.1252.0252.6256.9255.3259.1266.0270.8274.4272.7272.3279.7287.5290.5292.6302.9310.3316.1322.3328.5340.4368.7365.8380.9408.2435.9466.3483.9541.9629.0

643.6706.4776.6828.9908.5994.3

1,136.81,371.21,564.11,817.02,120.12,345.62,600.82,867.53,206.33,599.04,078.84,544.3

Held bythe

public

41.442.848.267.8

127.8184.8235.2241.9224.3216.3214.3219.0214.3214.8218.4224.5226.6222.2219.3226.3234.7236.8238.4248.0254.0256.8260.8263.7266.6289.5278.1283.2303.0322.4340.9343.7394.7477.4

495.5549.1607.1639.8709.3784.8919.2

1,131.01,300.01,499.41,736.21,888.12,050.32,190.32,410.42,687.23,078.33,430.9

Adden-dum:Gross

domes-tic

product

87.995.5

112.5141.7175.4201.6211.9212.3222.6246.5262.4265.5313.2340.3363.4367.4383.9415.2437.2447.1478.7505.9516.9554.3585.0626.5671.4738.6791.3849.8925.6985.6

1,051.61,145.81,278.01,403.31,511.01,685.1

444.91,919.72,156.42,431.92,644.52,964.73,124.93,317.03,696.73,970.94,219.64,453.34,810.05,170.15,459.55,626.65,865.06,231.6

1 Not strictly comparable with later data.2 Estimates.Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal

year is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscalperiod known as the transition quarter.

Refunds of receipts are excluded from receipts and outlays.See "Budget of the United States Government, Fiscal Year 1993'* \w additional information.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and

Budget.


TABLE B-75.—Federal receipts, outlays, and debt, fiscal years 1981-93

[Millions of dollars; fiscal years]

RECEIPTS AND OUTLAYS:Total receiptsTotal outlays

Total surplus or deficit ( )

On-budget receiptsOn-budget outlays

On-budget surplus or deficit ( — )

Off-budget receiptsOff-budget outlays

Off-budget surplus or deficit (-)

OUTSTANDING DEBT, END OF PERIOD:Gross Federal debt

Held by Government accountsHeld by the public

Federal Reserve SystemOther

RECEIPTS: ON-BUDGET AND OFF-BUDGET

Individual income taxesCorporation income taxesSocial insurance taxes and contributions

On-budgetOff-budget

Excise taxesEstate and gift taxes ...Customs duties and feesMiscellaneous receipts:

Deposits of earnings by FederalReserve System

All other

OUTLAYS: ON-BUDGET AND OFF-BUDGET

National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environmentAgricultureCommerce and housing credit

On-budgetOff-budget

TransportationCommunity and regional developmentEducation, training, employment, and

social servicesHealthMedicareIncome security-Social security

On-budgetOff-budget

Veterans benefits and servicesAdministration of justiceGeneral governmentNet interest

On-budgetOff-budget

AllowancesUndistributed offsetting receipts

On-budgetOff-budget

1981

599,272678 249

78976

469097543053

73956

130 176135,196

-5020

994298

209,507784791

124466660,325

599,272

285,91761137

182 720

52545130,176

40,83967878083

12834956

678 249

157,513131046469

1516613568113238206

8206

2337910568

33,7092686639,14999723

139584

670138 914

229914,769

1142968774

710622288

28041

26611-1,430

1982

617,766745 755

127 989

474 299594,351

120 052

143 467151,404

-7,937

1 136 798

217,560919 238

134497784,741

617,766

297,74449207

201,498

58031143,467

36,31179918854

15186975

745 755

185,309123007200

1352712,998159446256

6256

206258347

27,0292744546,567

107 717155964

844155 120

239584>12

1091485044

87114-2071

26099

24453-1,646

Act

1983

600,562808 380

207 818

453 242661,272

-208030

147 320147,108

212

1 371 164

240,1141 131 049

155 527975,522

600,562

288,93837022

208,994

61674147,320

35,30060538,655

144921,108

808 380

209,90311,84879359353

12,67222,9016681

6681

21,3347560

26,6062864152,588

122 598170,724

19,993150 731

248465,105

11,23589828

91673-1,845

33976

32198-1,778

ual

1984

666 457851 846

185 388

500 382686 032

-185650

166 075165 813

262

1 564 110

264,1591 299 951

155 1221,144,829

666,457

298,41556893

239 376

73301166,075

37,3616010

11,370

156841,347

851 846

227,41315,87683177086

12,593136136917

6917

23,6697673

27,5793041757,540

112 668178,223

7,056171 167

256145,663

11817111 123

114432-3,310

31957

29913-2,044

1985

734 057946 391

212 334

547886769584

-221 698

186 171176 807

9363

1 816 974

317,6121 499 362

169 8061,329,556

734,057

334,53161331

265,163

78992186,171

35,9926422

12,079

170591,480

946 391

252,74816,1768,6275685

13,35725,5654229

4,229

25,8387,680

29,34233,54265,822

128,200188,623

5,189183,434

26,2926,270

11,588129 504

133 622-4,118

32698

-30 189-2,509

1986

769,091990 336

221 245

568 862806 838

237 976

200 228183,498

16,731

2 120 082

383,9191 736 163

190 8551,545,308

769,091

348,95963143

283,901

83,673200,228

32,9196958

13,327

183741,510

990,336

273,37514,1528,9764,735

13,63931,4494,890

4,890

28,1177,233

30,58535,93670,164

119,796198,757

8,072190,684

26,3566,572

12,564136047

140 377-4,329

-33,007

-30,150-2,857

Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscalyear is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscalperiod known as the transition quarter.

Refunds of receipts are excluded from receipts and outlays.See next page for continuation of table.


TABLE B-75.—Federal receipts, outlays, and debt, fiscal years 1981-93—Continued

[Millions of dollars; fiscal years]

Description

RECEIPTS AND OUTLAYS:Total receiptsTotal outlays

Total surplus or deficit ( )

On-budget receiptsOn-budget outlays

On-budget surplus or deficit ( — )

Off-budget receiptsOff-budget outlays .

Off-budget surplus or deficit (-)

OUTSTANDING DEBT, END OF PERIOD:Gross Federal debt

Held by Government accountsHeld by the public

Federal Reserve SystemOther

RECEIPTS: ON-BUDGET AND OFF-BUDGET

Individual income taxesCorporation income taxesSocial insurance taxes and contributions

On-budgetOff-budget

Excise taxesEstate and gift taxesCustoms duties and feesMiscellaneous receipts-

Deposits of earnings by FederalReserve System

All other

OUTLAYS: ON-BUDGET AND OFF-BUDGET

National defenseInternational affairsGeneral science, space, and technologyEnergyNatural resources and environment ..AgricultureCommerce and housing credit

On-budgetOff-budget .

TransportationCommunity and regional developmentEducation, training, employment, and

social servicesHealthMedicareIncome securitySocial security

On-budget..Off-budget

Veterans benefits and servicesAdministration of justiceGeneral governmentNet interest

On-budgetOff-budget

AllowancesUndistributed offsetting receipts

On-budgetOff-budget .

Actual

1987

854,1431,003,911

-149,769

640,741810,079

-169,339

213,402193,832

19,570

2,345,578

457,4441,888,134

212,0401,676,094

854,143

392,55783,926

303,318

89,916213,402

32,4577,493

15,085

16,8172,490

1,003,911

281,99911,6499,2164,115

13,36326,6066,182

6,182

26,2225,051

29,72439,96775,120

123,250207,353

4,930202,422

26,7827,5537,565

138,652

143,9425290

-36,455

-33,155-3,300

1988

908,9541,064,140

155 187

667,463861,449

-193,986

241,491202,691

38,800

2,600,760

550,5072,050,252

229,2181,821,034

908,954

401,18194,508

334,335

92,845241,491

35,2277,594

16,198

17,1632,747

1,064,140

290,36110,47110,8412,297

14,60617,21018,815

18,815

27,2725,294

31,93844,48778,878

129,332219,341

4,852214,489

29,4289,2369,464

151,838

159,253-7,416

-36,967

32585-4,382

1989

990,6911,144,169

-153,477

727,026933,258

-206,232

263,666210,911

52,754

2,867,537

677,2142,190,323

220,0881,970,236

990,691

445,690103,291359,416

95,751263,666

34,3868,745

16,334

19,6043,225

1,144,169

303,5599,573

12,8383,702

16,18216,91929,211

29,520-310

27,6085,362

36,67448,39084,964

136,031232,542

5,069227,473

30,0669,4749,017

169,266

180,661-11,395

-37,212

32354-4,858

1990

1,031,3081,251,778

-220,470

749,6521,026,713

-277,061

281,656225,065

56,590

3,206,347

795,9062,410,441

234,4102,176,031

1,031,308

466,88493,507

380,047

98,392281,656

35,34511,50016,707

24,3192,997

1,251,778

299,33113,76414,4442,428

17,06711,95867,142

65,5161,626

29,4858,498

38,49757,71698,102

147,277248,623

3,625244,998

29,1129,995

10,734184,221

200,212-15,991

-36,615

-31,048-5,567

1991

1,054,2641,323,011

-268,746

760,3801,081,324

-320,944

293,885241,687

52,198

3,598,993

911,7512,687,242

258,5912,428,651

1,054,264

467,82798,086

396,016

102,131293,885

42,40211,13815,949

19,1583,688

1,323,011

273,29215,85116,1111,662

18,55215,18375,639

74,3211,317

31,0996,811

42,80971,183

104,489170,846269,015

2,619266,395

31,34912,27611,661

194,541

214,76320222

-39,356

33553-5,804

Estimates

1992

1,075,7381,440,977

-365,239

774,8161,189,447

-414,631

300,922251,530

49,392

4,078,803

1,000,5243,078,279

1,075,738

478,78189,031

410,863

109,941300,922

46,09812,06317,260

18,5073,136

1,440,977

307,30617,81116,3734,026

20,23117,21954,741

53,917825

34,0357,537

45,02894,605

118,638196,020286,732

6,078280,654

33,81914,06112,838

198,813

222,66623853

-96-38,761

32665-6,095

1993

1,164,7801,497,472

-332,692

839,0041,233,489

-394,485

325,776263,983

61,793

4,544,283

1,113,4223,430,861

1,164,780

515,215103,216446,691

120,915325,776

48,09112,87217,961

17,4203,314

1,497,472

291,01417,98117,0334,560

20,46415,73563,623

61,9751,647

35,1387,615

49,563108,179129,342199,532302,251

6,434295,817

34,29715,39414,022

213,782

240,780-26,998

-42641628

-35,144-6,484

See "Budget of the United States Government, Fiscal Year 1993"'for additional information.Sources: Department of the Treasury and Office of Management and Budget.


TABLE B-76.—Relation of Federal Government receipts and expenditures in the national income and

product accounts to the budget, fiscal years 1989-91

[Billions of dollars; fiscal years]

Receipts and expenditures

RECEIPTSTotal on-budget and off-budget receipts

Government contributions for employee retirement (grossing)Other netting and grossingTiming adjustmentsGeographic exclusionsOther

Federal sector, national income and product accounts, receipts

EXPENDITURESTotal on-budget and off-budget outlays

Government contributions for employee retirement (grossing)Other netting and grossingLending transactionsDeposit insurance and other financial transactionsDefense timing adjustments .. .Other timing adjustmentsGeographic exclusionsBonuses on Outer Continental Shelf land leasesOther

Federal sector, national income and product accounts, expenditures

1989

990.7

41.214.71.5

-1.56

1,047.1

1,144.2

41.214.7

-2.1-22.8-7.3

5-6.0

.9-11

1,162.1

1990

1,031 3

44217.8

-3.9-1.6

1

1,087.9

1,251.8

44.217.8

-14.2-56.7

4.438

-651.1

_ 2

1,245.6

1991

1,054 3

47221.3

-50-1.7

1

1,116.2

1,323.0

47.221.3

-14.0-66.7

3.120

-6.8.9

- 6

1,305.4

Note.—See Note, Table B-74.See "Budget of the United States Government, Fiscal Year MTfor additional information.In previous years a NIPA translation of the President's proposed budget was published in the "Budget." This year, these estimates will

be published in a forthcoming issue of the Survey of Current Business.Sources: Department of Commerce (Bureau of Economic Analysis), Department of the Treasury, and Office of Management and

Budget.


TABLE B-77.—Federal and State and local government receipts and expenditures, national income and

product accounts, 1959-91


Yearor

quarter

1959

19601961196219631964

1965.196619671968..1969

19701971197219731974

1975197619771978..1979

198019811982..19831984

19851986198719881989

1990..1991"

1982: IV1983: IV1984: IV1985: IV1986: IV ..1987: IV

1988- 1III I IIV

1989- 1III l lIV

1990: 1 .||II IIV

1991: 1||II IIV

Total government

Receipts

128.8

138.8144.1155.8167.5172.9

187.0210.7226.4260.9294.0

299.8318.9364.2408.5450.7

465.8532.6598.4673.2754.7

825.7941.9960.5

1,016.41,123.6

1,217.01,290.81,405.21,492.41,614.0

1,697.11,737.5

965.91,043.71,147.11,243.81,335.41,445.7

1,445.61,486.81,501.31,535.8

1,590.21,618.71,615.11,632.1

1,667.91,691.41,714.51,714.7

1,720.91,727.31,748.8

Expendi-tures

131.9

135.2147.1158.7165.9174.5

185.8211.6240.2265.5284.0

311.2338.1368.1401.6455.2

530.6570.9615.2670.3745.3

861.0972.3

1,069.11,156.21,232.4

1,342.21,437.51,516.91,590.71,697.1

1,836.71,908.6

1,122.81,180.01,274.91,374.71,461.61,561.5

1,568.01,582.31,581.81,630.5

1,662.31,684.11,700.81,741.1

1,798.41,819.81,838.11,890.3

1,846.91,906.41,927.21,954.0

Surplus ordeficit(-),

nationalincome

andproduct

accounts

-3.1

3.6-3.0

291.6

-1.6

1.210

-13.7-4.610.0

-11.5-19.2

396.9

-4.5

-64.8-38.3-16.8

2.99.4

-35.3303

-108.6-139.8

1088

-125.3-146.8-111.7-98.3-83.0

139 5-171.2

-156.9-136.3-127.8-130.9-126.2-115.8

-122.4-95.5-80.5

947

-72.1-65.4-85.7

-108.9

-130.51284

-123.6-175.6

-126.1-179.1

1784

Federal Government

Receipts

90.6

97.099.0

107.2115.5116.2

125.8143.5152.6176.8199.6

195.2202.6232.0263.7294.0

294.8339.9384.0441.2504.7

553.0639.0635.4660.0725.8

788.6827.2913.8972.3

1,055.2

1,104.81,119.1

632.3671.1739.8803.6856.8943.5

940.5970.4977.8

1,000.6

1,045.71,061.81,050.81,062.7

1,086.81,106.31,115.41,110.7

1,115.21,114.31,124.6

Expendi-tures

93.2

93.4101.7110.6114.4118.8

124.6144.9165.2181.5191.0

208.5224.3249.3270.3305.6

364.2392.7426.4469.3520.3

613.1697.8770.9840.0892.7

969.91,028.21,065.61,109.01,179.4

1,270.11,319.8

815.7855.7926.6990.8

1,034.31,096.3

1,098.01,105.01,097.31,135.5

1,160.21,172.31,179.21,206.0

1,247.61,263.21,265.11,304.4

1,261.61,321.01,334.81,362.0

Surplus ordeficit

nationalincome

andproduct

accounts

-2.6

3.5-2.6-3.4

1.126

1.3-1.4

-12.7-4.7

8.5

-13.3-21.7

173-6.6116

694-52.9

424-28.1-15.7

-60.1588

-135.51801

-166.9

-181.4-201.0

1518-136.6-124.2

16532007

-183.4-184.6-186.8-187.2-177.5-152.7

-157.513461195

-134.9

1145-110.5-128.4

1433

-160.8-156.9-149.7-193.6

-146.42067

-210.2

State and local government

Receipts

45.0

48.352.456.661.167.1

72.381.589.8

102.7114.8

129.0145.3169.7185.3200.6

225.6253.9281.9309.3330.6

361.4390.8409.0443.4492.2

528.7571.2594.3631.3677.0

724.5770.6

417.9459.5505.1544.8582.4605.1

613.5627.9635.7648.2

660.2674.0682.5691.4

709.2717.3730.3741.3

749.4764.1777.4

Expendi-tures

45.5

48.352.756.160.666.1

72.381.190.9

102.6113.3

127.2142.8156.3171.9193.5

221.0239.3256.3278.2305.4

336.6362.3382.1403.2434.1

472.6517.0554.2593.0635.9

698.8741.1

391.4411.1446.1488.4531.1568.1

578.4588.8596.7607.9

617.8628.9639.8657.0

678.9688.8704.2723.3

729.0736.5745.6753.2

Surplus ordeficit

nationalincome

andproduct

accounts

-0.5

.0-.4

.5

.41.0

.0

.51 1.1

1.5

1.82.5

13.413.47.1

4.614.625.631.125.1

24.828.526.940.358.1

56.154.340.138.441.1

25.729.6

26.548.359.056.351.237.0

35.139.139.040.2

42.445.142.634.4

30.328.526.118.0

20.427.631.8

Note.—Federal grants-in-aid to State and local governments are reflected in Fed<government receipts and expenditures have been adjusted to eliminate this duplicate


Federal expenditures and State and local receipts. Total"ion.


TABLE B-78.—Federal and State and local government receipts and expenditures, national income and

product accounts, by major type, 1959-91


Year or quarter

195919601961196219631964196519661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988 . ..198919901991 '1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: 1

IIIl lIV

1989- 1III l lIV

1990: 1II ....Il lIV

1991:1IIIl lIV P

Receipts

Total

128.8138.8144.1155.8167.5172.9187.0210.7226.4260.9294.0299.8318.9364.2408.5450.7465.8532.6598.4673.2754.7825.7941.9960.5

1,016.41,123.61,217.01,290.81,405.21,492.41,614.01,697.11,737.5

965.91,043.71,147.11,243.81,335.41,445.71,445.61,486.81,501.31,535.81,590.21,618.71,615.11,632.11,667.91,691.41,714.51,714.71,720.91,727.31,748.8

Per-sonaltaxand

nontaxre-

ceipts

44.548.750.354.858.056.061.971.077.992.1

109.9109.0108.7132.0140.6159.1156.4182.3210.0240.1280.2312.4360.2371.4368.8395.1436.8459.0512.5527.7591.7621.0616.0372.1371.6413.4448.8478.5528.6510.8530.4527.7542.0574.3597.6591.8602.9606.6622.7627.5627.2617.1613.6615.1618.3

Corpo-rate

profitstax ac-cruals

23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5

106.5127.1137.0138.0135.3123.458.782.283.897.6

116.6135.2126.6135.7139.0146.2149.2141.7131.2129.8137.6137.9138.8127.1119.4123.5128.6

In-directbusi-nesstaxandnon-taxac-

cruals

41.945.548.151.754.758.862.765.470.479.086.694.3

103.6111.4121.0129.3140.0151.6165.5177.8188.7212.0249.3256.4280.1309.5329.9345.5365.0385.3411.0439.2470.7262.3291.7317.7335.1351.6372.3376.8382.0388.3394.2399.9408.1416.7419.2430.8432.3442.3451.2461.6464.5475.6481.0

Contri-butions

forsocialinsur-ance

18.821.922.925.428.530.131.640.645.550.457.962.268.979.097.6

110.5118.5134.5149.8171.8197.8216.6251.3269.6290.2325.0353.8379.8400.7442.3473.4501.7527.3272.8298.3332.2362.3388.7409.6431.3438.7445.6453.5466.8471.3475.4480.2493.0498.6505.8509.3522.9525.7529.5531.3

Expenditures

Total1

131.9135.2147.1158.7165.9174.5185.8211.6240.2265.5284.0311.2338.1368.1401.6455.2530.6570.9615.2670.3745.3861.0972.3

1,069.11,156.21,232.41,342.21,437.51,516.91,590.71,697.11,836.71,908.61,122.81,180.01,274.91,374.71,461.61,561.51,568.01,582.31,581.81,630.51,662.31,684.11,700.81,741.11,798.41,819.81,838.11,890.31,846.91,906.41,927.21,954.0

Pur-chases

99.099.8

107.0116.8122.3128.3136.3155.9175.6191.5201.8212.7224.3241.5257.7288.3321.4341.3368.0403.6448.5507.1561.1607.6652.3700.8772.3833.0881.5918.7971.4

1,042.91,086,9

631.6657.6727.0799.2849.7901.4904.7913.8918.5937.6947.5966.6980.9990.7

1,021.21,033.21,046.01,071.21,088.81,092.51,089.11,077.0

Trans-fer

ments

27.529.333.634.736.638.141.145.854.562.669.383.899.4

110.9126.6150.5189.2206.5220.9238.6266.9317.6360.7402.7433.4447.2479.5509.4531.8566.2612.8674.3699.0428.1439.1456.2488.3518.6542.6558.0561.0567.3578.6594.9602.4617.5636.6657.5668.2676.7694.8634.7687.8724.3749.1

Net interest paid

Total

6.36.96.46.97.47.98.18.58.9

10.311.512.412.512.915.216.318.522.824.426.528.733.448.155.561.879.188.390.695.4

101.8114.8123.7131.356.667.786.789.290.5

101.397.1

101.5103.4105.0112.0116.6113.6117.0118.2124.1129.6122.9130.0133.0130.3132.1

Inter-estpaid

10.19.9

10.811.612.513.214.515.718.119.822.323.124.829.633.637.743.647.956.868.683.9

110.2130.6146.6174.6195.9207.9215.9229.9251.0270.4284.6135.6156.1186.5201.6208.7222.9226.1226.7230.7236.0244.4250.9252.6256.2260.6267.0275.0278.9280.6284.3285.3288.1

Less:Inter-

est re-ceived

bygovern-ment2

3.33.53.94.24.65.16.06.87.78.39.9

10.611.914.417.319.220.923.530.339.950.562.175.084.895.6

107.6117.3120.5128.1136.2146.7153.279.088.499.8

112.3118.2121.6129.0125.2127.3131.0132.4134.3139.0139.3142.4142.9145.4156.0150.6151.3155.0156.0

Less:Divi-

dendsre-

ceivedby

govern-ment2

0.1.2.2.3.3.5.9.9.9

1.31.72.01.92.32.93.43.94.55.15.96.98.19.09.23.13.54.14.75.46.16.46.97.17.27.68.08.28.58.79.09.09.29.19.29.49.1

Subsi-dieslesscur-rentsur-

plus ofgovern-

mententer-prises

-0.9-.8

.2

.3-.3

.1

.31.41.21.21.52.62.43.42.6

.42.61.43.33.62.94.84.76.2

11.79.56.49.7

14.110.96.14.8

. .69.6

19.29.72.68.2

22.014.612.8-.316.515.46.5

-3.05.3

10.23.3

-5.210.82.71.9

-7.14.8

Surplusor

deficit(-),

na-tional

incomeand

prod-uct ac-counts

-3.13.6

-3.0-2.9

1.6161.2

-1.0-13.7-4.610.0

-11.5-19.2-3.9

6.945

-64.8-38.3-16.8

2.99.4

-35.3-30.3

-108.6-139.8

10881253

-146.8-111.7-98.3-83.0

-139.5-171.2-156.9-136.3-127.8-130.9-126.2-115.8-122.4-95.5-80.5-94.7-72.1-65.4-85.7

-108.9-130.5-128.4-123.6-175.6-126.1-179.1-178.4

Adden-dum:

Grants-in-aid

toStateandlocal

govern-ments

6.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.987.094.4

100.3107.6102.8111.3118.2132.2152.384.386.997.7

104.5103.8102.9108.5111.5112.1113.0115.7117.1118.2121.9128.1132.2131.2137.3143.7151.0153.3161.2

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Prior to 1968, dividends received is included in interest received.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-79.—Federal Government receipts and expenditures, national income and product accounts,

1975-91

[Biilions of dollars; quarterly data at seasonally adjusted annual rates]

Year or quarter

Fiscal: 219751976197719781979198019811982198319841985198619871988198919901991

Calendar:1975197619771978197919801981198219831984198519861987.198819891990 i1991*1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV1988: 1

III l lIV

1989- I....I IIllIV

1990: 1I II l lIV

1991: 1III l lIV f

Receipts

Total

290.7322.0375.4423.8490.5538.1623.0642.7646.4711.7777.0813.8899.1955.1

1,047.11,087.91,116.2

294.8339.9384.0441.2504.7553.0639.0635.4660.0725.8788.6827.2913.8972.3

1,055.21,104.81,119.1

632.3671.1739.8803.6856.8943.5940.5970.4977.8

1,000.61,045.71,061.81,050.81,062.71,086.81,106.31,115.41,110.71,115.21,114.31,124.6

Personaltax andnontaxreceipts

127.1136.5165.2185.5221.6249.1287.9308.4290.7300.4337.0353.1396.3403.8455.7472.2474.5

125.4146.6169.1193.8229.7256.2297.2302.9292.6308.0342.8357.4400.6410.1460.2482.2470.3301.6290.5323,5351.8371.7414.8397.6413.5409.4420.0448.5465.7458.5467.9471.2485.4486.6485.5473.9468.8469.9468.9

Corpo-rate

profitstax

accruals

42.351.759.867.475.370.469.351.656.475.175.080.499.4

107.6116.7113.1103.2

43.654.661.671.474.470.365.749.061.375.276.383.8

103.2111.0113.9112.1102.045.565.467.077.091.4

109.7102.6109.8113.1118.5122.7116.9108.4107.4113.7114.1115.1105.799.0

102.0106.2

Indirectbusinesstax andnontax

accruals

22.524.625.027.929.936.254.351.552.057.059.153.857.959.662.263.775.6

24.223.825.628.930.139.657.349.753.557.858.653.558.460.961.965.878.849.255.458.256.854.859.560.060.161.961.461.061.662.762.164.664.865.268.578.277.178.781.2

Contri-butions

forsocialinsur-ance

98.8109.2125.4143.0163.7182.3211.5231.2247.3279.3305.9326.5345.5384.1412.5438.9462.9

101.7115.0127.7147.1170.4186.8218.8233.8252.6284.8310.9332.5351.5390.4419.4444.7467.9235.9259.8291.1318.0338.8359.4380.4387.1393.4400.7413.6417.6421.1425.2437.2442.0448.5451.1464.1466.3469.9471.4

Expenditures

Total1

336.0379.0417.1458.0505.4587.1679.9747.6829.2875.3952.9

1,017.61,051.01,098.51,162.11,245.61,305.4

364.2392.7426.4469.3520.3613.1697.8770.9840.0892.7969.9

1,028.21,065.61,109.01,179.41,270.11,319.8

815.7855.7926.6990.8

1,034.31,096.31,098.01,105.01,097.31,135.51,160.21,172.31,179.21,206.01,247.61,263.21,265.11,304.41,261.61,321.01,334.81,362.0

Purchases

Total

124.4132.6144.7158.1174.5201.0232.9259.5289.8302.2335.2363.7379.9386.3399.0416.4445.8

129.4135.8147.9162.2179.3209.1240.8266.6292.0310.9344.3367.8384.9387.0401.4424.9445.1281.4289.7324.7356.9373.1392.5386.6386.0383.5392.0392.6401.9407.6403.7417.2423.3424.7434.5451.5452.1444.9431.9

Na-tional

de-fense

86.391.599.2

106.3117.7136.9160.9187.3210.2228.2251.7274.3287.6295.1299.2308.4325.9

89.693.4

100.9108.9121.9142.7167.5193.8214.4233.1258.6276.7292.1295.6300.0313.4323.4205.5222.8242.9268.6278.6295.8296.7294.8294.0296.8293.9298.5305.8301.6309.3312.7311.1320.6332.3328.4322.3310.7

Transferpayments

Toper-sons

131.9154.3167.1179.3198.5235.4274.6305.6339.8342.4360.7380.6399.4420.7448.5488.9534.2

146.8159.3170.1182.4205.7247.0282.1316.4340.2344.3366.8386.2401.8425.9458.7498.2546.3337.8340.0346.2370.3391.4405.1423.0424.7426.6429.4447.9453.8461.7471.6490.7492.7498.4511.1535.3543.0547.4559.5

To restof theworld(net)

3.33.13.43.54.04.35.25.86.58.7

11.512.59.9

10.210.913.0289

3.53.73.43.84.15.05.06.47.39.4

11.412.310.410.410.812.6

-33.88.2

11.013.913.512.814.69.17.89.4

15.19.87.8

10.714.810.914.512.312.7

-77.8-37.9-12.5-7.1

Grants-in-aid

toStateandlocalgov-ern-

ments

48.457.566.374.779.186.790.183.486.291.598.6

108.3103.4108.4115.8128.3146.3

54.661.167.577.380.588.787.983.987.094.4

100.3107.6102.8111.3118.2132.2152.384.386.997.7

104.5103.8102.9108.5111.5112.1113.0115.7117.1118.2121.9128.1132.2131.2137.3143.7151.0153.3161.2

Netinter-estpaid

21.725.128.533.140.250.166.181.889.6

107.5125.2130.5133.6143.8160.3175.3185.2

23.026.829.134.642.152.771.784.492.7

113.1127.0131.0136.6146.0164.7177.5188.486.899.2

122.3129.2131.1143.1139.7145.0148.1151.2159.8165.8164.2168.8170.9177.5183.7177.7185.7189.7187.9190.5

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

6.06.57.29.49.19.6

11.011.516.823.021.622.124.928.927.623.722.8

7.16.28.49.28.7

10.610.313.320.420.819.923.429.128.425.524.721.517.328.822.216.422.137.831.130.017.634.934.425.916.725.129.823.014.831.223.422.713.925.9

Surplusor

deficit(-),

nationalincome

andproductaccounts

-45.2-57.0

417-34.1-14.9-49.0-56.91050

-182.8-163.6-175.9-203.9

1519-143.3-115.0-157.8-189.2

-69.4-52.9-42.4-28.1-15.7-60.1

588-135^5-180.1

1669-181.4-201.0-151.8-136.6-124.2-165.3-200.7-183.4-184.6-186.8-187.2-177.5-152.7-157.5-134.6-119.5-134.9-114.5-110.5-128.4-143.3-160.8-156.9-149.7-193.6-146.4-206.7-210.2

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.2 Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year

is on an October 1-September 30 basis. The 3-month period from July 1, 1976 through September 30, 1976 is a separate fiscal periodknown as the transition quarter.

Sources: Department of Commerce (Bureau of Economic Analysis) and Office of Management and Budget.


TABLE B-80.—State and local government receipts and expenditures, national income and product accounts,1959-91


Yearor

quarter

1959I960196119621963196419651966196719681969.1970....19711972197319741975. .19761977197819791980..19811982198319841985198619871988198919901991 "....1982: IV1983: IV1984: IV1985- IV1986: IV1987: IV...1988- 1

III l lIV

1989:1II..Il lIV..

1990: 1||I I IIV

1991: IIII l lIV P

Receipts

Total

45.048.352.456.661.167.172.381.589.8

102.7114.8129.0145.3169.7185.3200.6225.6253.9281.9309.3330.6361.4390.8409.0443.4492.2528.7571.2594.3631.3677.0724.5770.6417.9459.5505.1544.8582.4605.1613.5627.9635.7648.2660.2674.0682.5691.4709.2717.3730.3741.3749.4764.1777.4

Personaltax andnontaxreceipts

4.65.25.76.36.77.58.19.5

10.612.715.216.718.724.226.328.231.035.841.046.350.556.263.068.576.287.194.0

101.6111.8117.6131.5138.8145.770.581.189.997.0

106.8113.8113.3116.9118.3122.0125.8131.9133.3135.0135.4137.3140.9141.8143.2144.9145.2149.4

Corpo-rate

profitstax

accruals

1.21.21.31.51.71.82.02.22.63.33.63.74.35.36.06.77.39.6

11.412.113.614.515.414.015.918.820.222.723.926.024.123.221.413.116.816.820.625.225.524.025.926.527.726.524.822.822.423.823.823.721.420.421.422.4

Indirectbusinesstax andnontax

accruals

29.332.034.437.039.442.646.149.753.960.867.474.883.191.299.5

107.2115.8127.8139.9148.9158.6172.3192.0206.8226.6251.7271.4292.0306.5324.5349.1373.4391.9213.1236.3259.6278.3296.8312.8316.8322.0326.4332.7338.9346.5353.9357.1366.2367.5377.1382.6383.4387.3397.0399.8

Contribu-tions for

socialinsurance

3.13.43.73.94.24.75.05.76.77.28.39.2

10.211.513.014.616.819.522.124.727.429.732.535.837.740.242.847.349.251.954.157.059.436.838.441.144.349.850.250.951.752.352.853.253.754.355.055.756.657.458.258.859.459.659.9

Federalgrants-in-

aid

6.86.57.28.09.1

10.411.114.415.918.620.324.429.037.540.643.954.661.167.577.380.588.787.983.987.094.4

100.3107.6102.8111.3118.2132.2152.384.386.997.7

104.5103.8102.9108.5111.5112.1113.0115.7117.1118.2121.9128.1132.2131.2137.3143.7151.0153.3161.2

Expenditures

Total 1

45.548.352.756.160.666.172.381.190.9

102.6113.3127.2142.8156.3171.9193.5221.0239.3256.3278.2305.4336.6362.3382.1403.2434.1472.6517.0554.2593.0635.9698.8741.1391.4411.1446.1488.4531.1568.1578.4588.8596.7607.9617.8628.9639.8657.0678.9688.8704.2723.3729.0736.5745.6753.2

Pur-chases

41.844.548.451.455.860.966.874.682.792.3

101.3112.6124.3134.7149.2170.7192.0205.5220.1241.4269.2298.0320.3341.1360.3389.9428.1465.3496.6531.7570.0618.0641.8350.3367.9402.2442.4476.6509.0518.1527.8535.1545.7554.9564.7573.3587.0604.0609.9621.4636.7637.3640.4644.2645.1

Trans-fer

pay-ments

toper-sons

5.65.96.57.07.58.28.8

10.112.114.516.720.124.027.530.432.338.943.647.452.457.265.773.679.985.993.5

101.2110.9119.6130.0143.3163.5186.582.188.096.1

104.5114.4122.9125.8128.5131.3134.2137.2140.8145.1150.2155.9161.0166.0171.0177.2182.7189.4196.7

Netinterest

paidlessdivi-

dendsreceived

0.1.1.1.2.1

-.1-.3-.6-.9

-1.1-1.3-2.0-1.6

1.8-3.3-5.2-5.4-5.0-6.0-9.8

-15.321.2

-25.9-31.8-34.3-37.9-43.2-45.6-47.0-51.1-57.9-62.7-66.3-33.2-35.1-39.7-44.7-45.9-48.0-49.0-50.3

51.8-53.4-55.4-57.2-58.9-60.3-61.4-62.4-63.1-64.0-64.8-65.9-67.0-67.5

Subsi-diesless

currentsurplus

ofgovern-

mententer-prises

-2.0-.2.2-2.3-2.5-2.8-2.8-3.0-3.0-3.1-3.2-3.3-3.6-3.7-4.2-4.3-4.4-4.5-4.8-5.1-5.6-5.7-5.8-5.6-7.1-8.7

-11.4-13.5-13.7-14.9-17.5-19.5-20.0-20.9-7.7-9.6

-12.5-13.8-13.9-15.8-16.5-17.2-17.9-18.5-19.0-19.4-19.7-19.8-19.6-19.7-20.0-20.4-20.8-20.8-21.0

21.1

Surplusor

deficit(-),

nationalincome

andproduct

accounts

-0.5.0

-.4.5.4

1.0.0.5

-1.1

L51.82.5

13.413.47.14.6

14.625.631.125.124.828.526.940.358.156.154.340.138.441.125.729.626.548.359.056.351.237.035.139.139.040.242.445.142.634.430.328.526.118.020.427.631.8

1 Includes an item for the difference between wage accruals and disbursements, not shown separately.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-81.—State and heal government revenues and expenditures, selected fiscal years, 1927-90

[Millions of dollars]

Fiscal year'

1927

1932193419361938

194819421944194619481950195219531954195519561957195819591960 . .196119621963

1962-631963-641964-65

1965-661966-671967-681968-691969-70

1970-711971-721972-731973-741974-75

1975-761976-77...1977-781978-791979-80

1980-811981-821982-831983-841984-85

1985-861986-871987-881988-891989-90

General revenues by source *

Total

7,2717,2677,6788,3959,228

9,60910,41810,90812,35617,250

20,91125,18127,30729,012

31,07334,66738,16441,21945,306

50,50554,03758,25262,890

62,26968,44374,000

83,03691,197101,264114,550130,756

144,927167,541190,222207,670228,171

256,176285,157315,960343,279382,322

423,404457,654486,753542,730598,121

641,486686,860726,762786,129849,502

Propertytaxes

4,730

4,4874,0764,0934,440

4,4304,5374,6344,9866,1267,3498,6529,3759,967

10,73511,74912,86414,04714,983

16,40518,00219,054.20,089

19,83321,24122,583

24,67026,04727,74730,67334,054

37,85242,87745,28347,70551,491

57,00162,52766,42264,94468,499

74,96982,06789,10596,457103,757

111,709121,203132,212142,400155,613

Salesandgrossreceiptstaxes

470752

1,0081,4841,794

13822,3512,2892,9864,442

5,1546,3576,9277,276

7,6438,6919,4679,82910,437

11,84912,46313,49414,456

14,44615,76217,118

19,08520,53022,91126,51930,322

33,23337,51842,047.46,09849,81554,54760,64167,59674,24779,927

85,97193,613100,247114,097126,376

135,005144,091156,452166,336177,885

Indi-vidualincometaxes

707480153218224276342422543788998

1,0651,1271,2371,5381,7541,7591,994

2,4632,6133,0373,269

3,2673,7914,090

4,7605,8257,3088,90810,812

11,90015,22717,99419,49121,454

24,57529,24633,17636,93242,080

46,42650,73855,12964,52970,361

74,36583,93588,35097,806105,640

Corpo-rationnet

incometaxes

92

7949113165156272451447592593846817778744890984

1,0181,001

1,1801,2661,3081,505

1,5051,6951,9292,0382,2272,5183,1803,738

3,4244,4165,4256,0156,642

7,2739,17410,73812,12813,321

14,14315,02814,25817.14119,152

19,99422,42523,66325,92623,566

RevenuefromFederalGovern-ment

116232

1,016948800945858954855

1,8612,4862,5662,8702,966

3,1313,3353,8434,8656,377

6,9747,1317,8718,722

8,66310,00211,029

13,21415,37017,18119,15321,857

26,14631,34239,26441,82047,03455,58962,44469,59275,16483,02990,29487,28290,00796,935106,158

113,099114,857117,602125,824136,802

Allother3

1,7931,6431,4491,6041,8111,8722,1232,2692,6613,685

4,5415,7636,2526,897

7,5848,4659,2529,69910,516

11,63412,56313,48914,850

14,55615,95117,250

19,26921,19723,59826,11829,971

32,37436,16240,21046,54151,735

57,19161,12468,43679,86495,466111,599128,926138,008153,570172,317

187,314200,350208,482227,838249,996

General expenditures by function 2

Total

7,2107,7657,1817,6448,757

9,2299,1908,86311,02817,684

22,78726,09827,91030,701

33,72436,71140,37544,85148,887

51,87656,20160,20664,816

63,97769,30274,678

82,84393,350102,411116,728131,332

150,674168,549181,357198,959230,721

256,731274,215296,984327,517369,086

407,449436,733466,516505,008553,899

605,623657,134704,921762,360834,786

Educa-tion

2,235

2,3111,8312,1772,491

2,6382,5862,7933,3565,379

7,1778,3189,39010,557

11,90713,22014,13415,91917,283

18,71920,57422,21623,776

23,72926,28628,563

33,28737,91941,15847,23852,718

59,41365,81469,71475,83387,858

97,216102,780110,758119,448133,211

145,784154,282163,876176,108192,686

210,819226,619242,683263,898288,148

High-ways

1,8091,7411,5091,425.1,650

1,5731,4901,2001,6723,036

3,8034,6504,9875,527

6,4526,9537,8168,5679,592

9,4289,84410,35711,136

11,15011,66412,221

12,77013,93214,48115,41716,427

18,09519,02118,61519,94622,528

23,90723,05824,60928,44033,311

34,60334,52036,65539,41944,989

49,36852,35555,62158,10561,057

Publicwelfare

151444889827

1,069

1,1561,2251,1331,4092,099

2,9402,7882,9143,060

3,1683,1393,4853,8184,1364,4044,7205,0845,481

5,4205,7666,3156,7578,2189,85712,11014,679

18,22621,11723,58225,08528,155

32,60435,90639,14041,89847,288

54,10557,99660,90666,41471,479

75,86882,65089,09097,879110,518

Allother*

3,0153,2692,9523,2153,547

3,8623,8893,7374,5917,1708,86710,34210,61911,557

12,19713,39914,94016,54717,876

19,32521,06322,54924,423

23,67825,58627,579

30,02933,28136,91541,96347,508

54,94062,59769,44678,0%92,180103,004112,472122,477137,731155,277

172,957189,935205,079223,068244,745

269,568295,510317,528342,479375,062

1 Fiscal years not the same for all governments. See Note.2 Excludes revenues or expenditures of publicly owned utilities and liquor stores, and of insurance-trust activities. Intergovernmental

receipts and payments between State and local governments are also excluded.3 Includes other taxes and charges and miscellaneous revenues.4 Includes expenditures for libraries, hospitals, health, employment security administration, veterans' services, air transportation,

water transport and terminals, parking facilities, and transit subsidies, police protection, fire protection, correction, protective inspectionand regulation, sewerage, natural resources, parks and recreation, housing and community development, solid waste management,financial administration, judicial and legal, general public buildings, other governmental administration, interest on general debt, andgeneral expenditures, n.e.c.

Note.—Data for fiscal years listed from 1962-63 to 1989-90 are the aggregations of data for government fiscal years that ended inthe 12-month period from July 1 to June 30 of those years. Data for 1963 and earlier years include data for government fiscal yearsending during that particular calendar year.

Data are not available for intervening years.Source: Department of Commerce, Bureau of the Census.


TABLE B-82.—Interest-bearing public debt securities by kind of obligation, 1967-91

[Millions of dollars]

End of yearor month

Fiscal year:19671968 .1969

19701971197219731974 .

19751976197719781979

19801981 .198219831984

19851986198719881989

19901991


JulyAugSeptOct .NovDec

1991- JanFebMar .

fcr:June


Totalinterest-bearingpublicdebt

securities

322,286344,401351,729

369,026396,289425,360456,353473,238

532,122619,254697,629766,971819,007

906,402996,495

1,140,8831,375,7511,559,570

1,821,0102,122,6842,347,7502,599,8772,836,309

3,210,9433,662,759

2,971,8412,991,0173,029,5373,058,4043,092,5583,121,498

3,166,2723,209,1863,210,9433,272,4923,328,1933,362,026

3,408,6373,455,9103,441,3673,442,4023,494,5763,516,066

3,574,2263,600,6033,662,7593,714,5923,732,2813,798,859

Marketable

Total »

4 210,672226,592226,107

232,599245,473257,202262,971266,575

315,606392,581443,508485,155506,693

594,506683,209824,422

1,024,0001,176,556

1,360,1791 1,564,3291 1,675,9801 1,802,9051 1,892,7631 2,092,7591 2,390,6601 1,974,6371 1,990,9991 1,995,2991 2,001,4941 2,024,7381 2,028,0411 2,068,3221 2,114,0411 2,092,7591 2,139,4861 2,183,5851 2,195,8001 2,221,7461 2,257,0981 2,227,9141 2,237,6821 2,278,5451 2,268,0601 2,327,8121 2,347,6291 2,390,6601 2,429,2261 2,439,4061 2,471,646

Treasurybills

58,53564,44068,356

76,15486,67794,648100,061105,019

128,569161,198156,091160,936161,378

199,832223,388277,900340,733356,798

384,220410,730378,263398,451406,597

482,454564,589

435,337437,755453,077433,089439,922453,505

464,851493,789482,454500,649528,765527,415

537,383541,742533,262504,404512,912521,544

538,211551,555564,589585,908589,735590,389

Treasurynotes

49,10871,07378,946

93,489104,807113,419117,840128,419

150,257191,758241,692267,865274,242

310,903363,643442,890557,525661,687

776,449896,884

1,005,1271,089,5781,133,193

1,218,0811,387,717

1,176,0971,180,3811,169,3641,195,5501,203,012.1,192,739

1,221,6941,228,0211,218,0811,246,6181,251,6471,265,215

1,281,2001,301,0871,280,3851,319,0151,339,4191,320,313

1,363,4031,357,7151,387,7171,404,9751,399,1951,430,784

Treasurybonds

97,41891,07978,805

62,95653,98949,13545,07133,137

36,77939,62645,72456,35571,073

83,77296,178103,631125,742158,070

199,510241,716277,590299,875337,974

377,224423,354

348,203357,862357,858357,855366,804366,797

366,776377,230377,224377,220388,174388,170

388,164399,270399,268399,263411,214411,203

411,199423,359423,354423,343435,476435,473

Nonmarketable

Total

111,614117,808125,623

136,426150,816168,158193,382206,663

216,516226,673254,121281,816312,314

311,896313,286316,461351,751383,015

460,831558,355671,769796,972943,546

1,118,1841,272,099

997,2041,000,0191,034,2381,056,9101,067,8201,093,457

1,097,9501,095,1461,118,1841,133,0061,144,6081,166,226

1,186,8911,198,8111,213,4531,204,7191,216,0311,248,006

1,246,4141,252,9741,272,0991,285,3671,292,8751,327,213

U.S.savingsbonds

51,21351,71251,711

51,28153,00355,92159,41861,921

65,48269,73375,41179,79880,440

72,72768,01767,27470,02472,832

77,01185,55197,004106,176114,025

122,152133,512

116,169116,265117,979118,645119,455120,058

120,760121,371122,152122,828123,630124,118

125,294126,524127,726129,145130,246131,268

132,062132,744133,512134,545135,402135,924

Foreigngovern-mentand

publicseries 2

1,5143,7414,070

4,7559,27018,98528,52425,011

23,21621,50021,79921,68028,115

25,15820,49914,64111,4508,806

6,6384,1284,3506,3206,818

36,04141,639

6,9976,39837,06237,10236,81436,382

36,28436,04636,04135,84537,14343,455

43,21142,66542,78842,68042,62142,101

42,11842,02441,63941,47241,73641,940

Govern-ment

accountseries

56,15559,52666,790

76,32382,78489,598101,738115,442

124,173130,557140,113153,271176,360

189,848201,052210,462234,684259,534

313,928365,872440,658536,455663,677

779,412908,406

701,834704,621705,145722,887733,612758,697

759,702756,055779,412789,922799,190813,842

828,789839,760853,086842,527852,749883,188

886,229889,893908,406920,079926,101959,185

Other '

2,7312,8283,051

4,0685,7593,6543,7014,289

3,6444,88316,79727,06727,400

24,16423,71824,08535,59341,843

63,255102,804129,758148,023159,025

180,581188,541

172,205172,735174,052178,275177,938178,321

181,203181,672180,581184,411184,644184,811

189,598189,862189,853190,368190,415191,450

186,004188,315188,541189,269189,636190,164

w r ly, in the amount of 15,000 million dollars.2 Nonmarketable certificates of indebtedness, notes, bonds, and bills in the Treasury foreign series of dollar-denominated and foreign-currency denominated issues.

3 Includes depository bonds, retirement plan bonds, Rural Electrification Administration bonds, State and local bonds, and specialissues held only by U.S. Government agencies and trust funds and the Federal home loan banks.

4 Includes $5,610 million in certificates not shown separately.Note.—Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal

year is on an October 1-September 30 basis.Source: Department of the Treasury.


TABLE B-83.—Maturity distribution and average length of marketable interest-bearing public debt securitiesheld by private investors, 1967-91

End of year or month

Fiscal year:1967 ...19681969

19701971.197219731974

1975.1976197719781979

19801981...198219831984

19851986198719881989

1990....1991


JulyAugsept::::::::::::::OctNovDec



Amountout-

standing,privatefyheld

Maturity class

Withinlyear

Ito5years

5 to 10years

10 to 20years

20 vearsana over

Millions of dollars

150,321159,671156,008

157,910161,863165,978167,869164,862

210,382279,782326,674356,501380,530

463,717549,863682,043862,631

1,017,488

1,185,6751,354,2751,445,3661,555,2081,654,660

1,841,9032,113,799

1,737,7371,753,5791,760,3371,758,7371,778,9841,780,188

1,817,6911,859,2881,841,9031,880,4121,920,2921,925,391

1,954,2461,987,3881,970,5191,974,8832,012,1272,003,121

2,054,7822,075,2552,113,7992,143,2442,157,1592,171,507

56,56166,74669,311

76,44374,80379,50984,04187,150

115,677150,296161,329163,819181,883

220,084256,187314,436379,579437,941

472,661506,903483,582524,201546,751

626,297713,778

585,754587,028605,415580,464586,720596,897

607,047636,667626,297639,338663,157666,891

677,365686,639678,000647,282662,538673,231

688,269702,752713,778736,169743,407742,609

53,58452,29550,182

57,03558,55757,15754,13950,103

65,85290,578113,319132,993127,574

156,244182,237221,783294,955332,808

402,766467,348526,746552,993578,333

630,144761,243

607,706617,778598,143620,335631,287613,441

639,408647,175630,144653,904666,527660,908

679,371699,981685,842720,023736,577717,100

752,002733,723761,243769,530769,070788,493

21,05721,85018,078

8,28614,50316,03316,38514,197

15,38524,16933,06733,50032,279

38,80948,74375,74999,174130,417

159,383189,995209,160232,453247,428

267,573280,574

252,068248,620256,703257,785250,813259,688

261,075258,038267,573269,281262,195270,082

270,662265,683268,356269,257264,523264,344

266,064280,576280,574280,645276,457274,222

6,1536,1106,097

7,8766,3576,3588,7419,930

8,8578,0878,42811,38318,489

25,90132,56933,01740,82649,664

62,85370,66472,86274,18680,616

82,71384,900

83,79283,42383,40283,42385,24685,246

85,24682,58782,71382,71386,47686,105

86,12984,44685,13685,13687,19887,198

87,19884,90084,90084,39487,46187,203

12,96812,67012,337

8,2727,6456,9224,5643,481

4,6116,65210,53114,80520,304

22,67930,12737,05848,09766,658

88,012119,365153,016171,375201,532

235,176273,304

208,417216,730216,674216,730224,918224,916

224,916234,821235,176235,176241,937241,405

240,719250,639253,185253,185261,291261,248

261,248273,304273,304272,506280,764278,980

Average length

Years

544

33332

22233

34344

45556

66

566666

666565

566666

666566

Months

152

863111

871137

901116

113990

10

1110021

00111011

1100021

0101110

Note.—All issues classified to final maturity.Through fiscal year 1976, the fiscal year was on a July 1-June 30 basis; beginning October 1976 (fiscal year 1977), the fiscal year is

on an October 1-September 30 basis.Source: Department of the Treasury.


TABLE B-84.—Estimated ownership of public debt securities by private investors, 1976-91

[Par values;'billions of dollars]

End of month

1976:JuneDec

1977:JuneDec

1978:JuneDec

1979:JuneDec

1980:JuneDec

1981:JuneDec

1982:JuneDec

1983:

Dec1984:

JuneDec

1985:MarJuneSept :.Z::::.Dec....::.:.:::::::::.

1986:MarJuneSeptDec

1987:Mar...JuneSeptDec

1988:MarJuneSeptDec.::::::::::::::::

1989:MarJune ::.:::.Sept ..Deb ::::::::::

1990:MarJuneSeptDec.:::::::::::::::::.

1991:MarJuneSept

Held by private investors

Total

376.4409.5

421.0461.3

477.8508.6

516.6540.5

558.2616.4

651.2694.5

740.9848.4

948.61,022.6

1,102.21,212.5

1,254.11,292.01,338.21,417.2

1,473.11,502.71,553.31,602.0

1,641.41,658.11,680.71,731.4

1,779.61,786.71,821.21,858.5

1,903.41,909.11,958.32,015.8

2,115.12,141.82,207.32,288.3

2,360.62,397.92,489.4

Commer-cial

banks2

91.4103.5

102.798.9

97.895.0

86.188.1

97.4112.1

119.7111.4

116.1131.4

171.6188.8

185.4186.0

197.8201.6203.6198.2

201.7200.6200.9203.5

199.9199.4205.2201.5

203.3198.3199.2193.8

200.7186.6174.8174.8

189.2185.5188.0179.5

194.8204.2214.0

Nonbank investors

Total

285.0306.0

318.3362.4

380.0413.6

430.5452.4

460.8504.3

531.5583.1

624.8717.0

777.0833.8

916.81,026.5

1,056.31,090.41,134.61,219.0

1,271.41,302.11,352.41,398.5

1,441.51,458.71,475.51,529.9

1,576.31,588.41,622.01,664.7

1,702.71,722.51,783.51,841.0

1,925.91,956.32,019.32,108.8

2,165.82,193.72,275.4

Individuals3

Toy

96.1101.6

104.9107.8

109.0114.0

115.5118.0

116.5117.1

107.4110.8

114.1116.5

121.3133.4

142.2143.8

145.1148.7151.4154.8

157.8159.5158.0162.7

163.0165.6167.7172.4

178.1182.0186.8190.4

204.2211.7213.5216.4

222.8229.7232.5233.8

238.3243.5257.5

Savingsbonds*

69.672.0

74.476.7

79.180.7

80.679.9

73.472.5

69.268.1

67.468.3

69.771.5

72.974.5

75.476.778.279.8

81.483.887192.3

94.796.898.5

101.1

104.0106.2107.8109.6

112.2114.0115.7117.7

119.9121.9123.9126.2

129.7133.2135.4

Othersecurri-

ties

26.529.6

30.531.1

29.933.3

34.938.1

43.144.6

38.242.7

46.748.2

51.661.9

69.369.3

69.772.073.275.0

76.475.770.970.4

68.368.869.271.3

74.175.879.080.8

92.097.797.898.7

102.9107.8108.6107.6

108.6110.3122.1

Insur-ance

"sr14.416.2

18.119.9

19.720.0

20.921.4

22.324.0

26.429.0

35.844.1

54.065.3

64.264.5

66.569.171.478.5

84.088.696.4

105.6

107.8104.0104.6104.9

103.6103.8105.1107.3

120.4121.7124.1130.1

135.9138.0142.7145.4

149.3155.1157.0

marketfunds

0.81.1

.8

.9

1.31.5

3.85.6

5.33.5

9.021.5

22.442.6

28.322.8

14.925.9

26.724.822.725.1

29.922.824.928.6

18.820.615.514.6

15.213.411.111.8

13.011.312.914.9

31.328.034.045.5

65.755.264.5

Corpora-tions8

23.323.5

22.118.2

17.317.3

18.617.0

14.019.3

19.917.9

17.624.5

32.839.7

45.350.1

50.854.959.059.0

59.661.265.768.8

73.579.781.884.6

86.387.685.986.0

89.491.090.993.4

94.996.9

102.0108.9

114.9130.8142.0

State andlocal

govern-ments'

34.240.9

50.358.1

70.076.1

78.781.7

83.387.9

94.296.8

103.3115.0

127.4149.0

162.9173.0

177.0190.3203.0226.7

225.6227.1251.2262.8

264.6268.7273.0284.6

291.4297.2305.7313.6

326.0332.0338.0338.7

330.3330.3330.8329.6

329.5327.0326.0

Ftrinterna-tional7

69.878.1

87.9109.6

119.5133.1

114.9119.0

118.2129.7

136.6136.6

137.2149.5

160.1166.3

171.6205.9

199.6213.8222.9224.8

232.6250.9265.5263.4

272.8281.1279.5299.7

332.5345.4345.9362.2

376.6369.1394.9392.9

385.8392.3404.9423.2

430.7441.2444.8

Otherinves-tors8

46.444.6

34.247.9

43.251.6

78.189.7

101.2122.8

138.0170.5

194.4224.8

253.1257.3

315.7363.3

390.6388.8404.2450.1

481.9492.0490.7506.6

541.0539.0553.4569.1

569.2559.0581.5593.4

573.1585.7609.2654.6

724.9741.1772.4822.4

837.4840.9883.6

1 U.S. swings bonds, series A-F and J, are included at current redemption value.* Includes fcmestidly chartered banks, U.S. branches and agencies of foreign banks, New York investment companies majority owned by foreign banks,

and Edge Act corporations owned by domesticaNy chartered and foreign banks.8 Includes partnerstaps and personal trust accounts.«Includes U.S. savings notes. Sates began May 1,1967, and were discontinued June 30,1970.»Exclusive of banks and insurance companies.8 Includes State and local pension funds.7 Consists of the investment of foreign balances and international accounts in the United States.8 Includes savings and loan associations, credit unions, nonprofit institutions, mutual savings banks, corporate pension trust funds, dealers and brokers,

certain Government deposit accounts, and Government-sponsored agencies.Source: Department of the Treasury.


CORPORATE PROFITS AND FINANCE

TABLE B-85.—Corporate profits with inventory valuation and capital consumption adjustments, 1959-91


Year or quarter

19591960196119621963196419651966....19671968196919701971 .. .19721973197419751976197719781979.19801981 ...1982198319841985198619871988198919901982: IV ..1983: IV1984: IV1985: IV1986: IV1987: IV1988- 1

||II IIV

1989:1III l lIV. ...

1990- 1III I I .IV

1991:1IIIIIIV

Corporateprofits with

inventoryvaluation

and capitalconsumptionadjustments

52.350.751.659.665.172.182.988.686.092.689.677.590.3

103.2116.4104.5121.9147.1175.7199.7202.5177.7182.0151.5212.7264.2280.8271.6319.8365.0351.7319.0150.3229.1261.3284.9264.6343.3352.1364.2365.3378.3366.2361.0345.0334.7340.2339.8299.8296.1302.1303.5306.1

Corporateprofits tax

liability

23.622.722.824.026.228.030.933.732.739.439.734.437.741.949.351.850.964.273.083.588.084.881.163.177.294.096.5

106.5127.1137.0138.0135.358.782.283.897.6

116.6135.2126.6135.7139.6146.2149.2141.7131.2129.8137.6137.9138.8127.1119.4123.5128.6

Corporate profits after tax with inventoryvaluation and capital consumption adjustments

Total

28.628.028.835.638.944.152.054.953.353.249.943.152.661.367.152.771.082.8

102.6116.2114.592.9

100.988.4

135.4170.2184.2165.1192.8228.0213.7183.691.7

146.9177.5187.2148.1208.1225.6228.5225.6232.2216.9219.3213.8204.9202.7201.9161.0169.0182.7180.0177.5

Dividends

12.713.414.015.016.118.020.220.922.124.625.223.723.725.828.130.430.135.640.745.952.459.069.270.081.282.792.4

109.8106.2115.3127.9133.7

72.584.283.497.4

111.0106.3109.6113.3117.5121.0124.6127.1129.1130.7132.3132.5133.8136.2137.8136.7138.1138.5

Undistributedprofits with

inventoryvaluation

and capitalconsumptionadjustments

15.914.614.820.622.826.131.834.031.228.624.719.428.835.539.022.340.947.261.970.362.133.931.718.454.287.591.955.486.5

112.685.849.919.262.794.189.937.1

101.8116.0115.2108.1111.292.392.284.774.270.469.427.232.845.043.439.4



TABLE B-86.—Corporate profits by industry, 7959-97


Year orquarter

1959

19601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

1980 '.1981198219831984

19851986198719881989

19901991 '

1982: IV1983: IV1984: IV1985: IV1986: IV1987: IV

1988:1III l lIV

1989: 1IIIllIV

1990- 1IIIllIV

1991- 1III l l

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Total

53.1

51.051.356.461.267.5

77.683.080.386.983.2

71.885.597.9

110.9103.4

129.4158.8186.7212.8219.8

197.8203.2166.4202.2236.4

225.3227.6273.4320.3327.0

318.2

160.0216.2223.6228.0225.0293.4

303.3316.8320.4340.5

332.9332.2323.6319.2

330.0335.4302.4304.9

315.7316.1313.4

Domestic industries

Total

50.4

47.848.052.657.163.0

72.978.575.581.376.6

64.777.788.496.085.9

114.8142.3167.7190.2185.6

162.9174.0138.6171.9205.2

194.5194.6233.9271.2273.1

258.0248.4

130.8182.6192.9193.5192.5246.3

257.0270.3271.5285.9

279.3283.0271.9258.3

271.9282.1245.8232.1

241.2254.4250.4

Financial l

Total

7.0

7.77.57.67.37.5

7.99.29.5

10.911.6

13.115.216.417.516.2

15.919.925.731.831.6

24.318.715.624.520.3

28.735.836.441.839.2

39.642.2

23.022.120.329.034.739.4

32.542.146.646.1

46.443.934.032.4

41.441.539.336.4

40.142.143.5

FederalReservebanks

0.7

.9

.8

.91.01.1

1.31.72.02.53.1

3.53.33.34.55.7

5.65.96.17.69.4

11.814.415.214.616.4

16.315.515.717.620.2

21.320.6

14.615.217.216.015.216.1

16.916.917.818.9

19.620.619.920.5

20.421.022.321.7

21.020.420.8

Other

6.3

6.76.86.86.46.4

6.57.57.68.48.5

9.611.913.113.010.5

10.314.019.624.122.2

12.64.3

.49.93.9

12.420.320.724.219.0

18.321.6

8.36.93.2

13.019.523.3

15.625.128.827.2

26.823.314.111.9

21.020.517.014.7

19.121.722.7

Nonfinancial

Total

43.4

40.240.445.049.855.5

65.069.366.070.465.0

51.662.572.078.569.7

98.9122.4142.0158.4153.9

138.5155.3123.0147.4185.0

165.8158.9197.5229.4233.9

218.3206.2

107.8160.5172.6164.5157.8207.0

224.5228.3224.9239.7

232.9239.1237.9225.9

230.5240.7206.5195.7

201.0212.3206.9

Manu-fac-

turing 2

26.5

23.823.426.329.632.4

39.742.439.041.737.0

27.134.841.446.740.7

54.570.778.589.688.3

75.887.463.171.486.7

80.159.087.0

117.5113.6

95.782.0

50.190.579.283.363.998.7

110.4114.2115.9129.3

122.2117.0114.1101.0

102.1107.194.878.9

75.082.984.1

Trans-portation

and publicutilities

7.1

7.57.98.59.5

10.2

11.011.910.911.010.6

8.28.99.49.07.6

10.915.318.521.716.9

18.320.120.828.939:9

34.136.543.447.545.0

44.545.6

18.219.133.531.334.243.1

44.547.750.147.6

44.148.645.941.3

49.249.741.537.5

45.749.244.3

Wholesaleand retail

trade

6.2

5.25.56.36.47.9

8.68.89.7

10.911.2

10.312.314.114.613.7

21.923.127.827.728.3

22.831.631.938.749.7

43.146.339.937.142.8

39.844.9

33.840.750.839.043.139.3

40.436.732.139.3

39.041.146.045.1

41.645.134.438.2

45.346.944.6

Other

3.6

3.63.63.94.45.1

5.66.26.46.86.2

5.96.67.18.27.7

11.613.317.119.420.5

21.616.27.28.48.7

8.517.127.227.332.6

38.433.7

5.710.29.0

11.016.625.8

29.229.626.823.5

27.532.431.938.5

37.738.735.941.1

35.133.333.9

Restof theworld

2.7

3.13.33.84.14.5

4.74.54.85.66.6

7.17.99.5

14.917.5

14.616.518.922.634.3

35.029.227.830.431.2

30.832.939.549.153.9

60.2

29.233.630.734.532.647.0

46.346.548.954.6

53.649.351.760.9

58.153.256.672.8

74.661.763.0

1 Consists of the following industries: Depository institutions; nondepository credit institutions; security and commodity brokers;insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.

2 See Table B-87 for industry detail.Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning

1987, and on the 1972 SIC for earlier years shown.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-87.—Corporate profits of manufacturing industries, 1959-91


Year or quarter

1959 ..

I9601961196219631964

19651966196719681969.:

19701971197219731974

19751976197719781979

19801981198219831984

1985198619871988 ..1989

19901991 "...

1982- IV1983: IV1984: IV. . ..1985: IV1986- IV1987: IV

1988- 1IIIII .IV

1989:1III I I .IV

1990:1IIIIIIV

1991-1 .III I I .

Corporate profits with inventory valuation adjustment and without capital consumption adjustment

Totalmanufac-

turing

26.5

23.823.426.329.632.4

39.742.439.041.737.0

27.134.841.446.740.7

54.570.778.589.688.3

75.887.463.171.486.7

80.159.087.0

117.5113.6

95.782.0

50.190.579.283.363.998.7

110.4114.2115.9129.3

122.2117.0114.1101.0

102.1107.194.878.9

75.082.984.1

Durable goods

Total

13.7

11.711.414.116.418.0

23.223.921.222.419.0

10.416.622.625.015.1

20.331.237.645.036.5

17.918.14.8

18.437.2

29.030.042.252.250.2

37.223.9

-5.333.434.228.834.235.2

42.755.554.256.4

54.552.049.045.4

45.742.735.624.6

20.426.524.0

Pri-marymetalindus-tries

2.3

2.01.61.62.02.5

3.13.62.71.91.4

.8

.81.62.35.0

2.72.11.03.63.5

2.63.0

-4.749-.4

-.9.9

2.65.96.4

4.61.9

5 2-3.7-1.0-1.3

1.73.3

4.65.96.46.5

6.27.27.25.3

5.74.83.54.3

2.91.71.1

Fabri-catedmetalprod-ucts

1.1

.81.01.21.31.4

2.12.42.52.32.0

1.11.52.22.61.8

3.23.94.55.05.2

4.34.42.63.14.5

4.75.35.26.46.9

5.64.5

1.14.95.24.04.76.0

7.56.65.16.4

8.07.17.55.0

7.56.34.93.7

3.04.94.9

Indus-trial

machin-ery andequip-ment

2.2

1.81.92.42.53.3

4.04.54.14.13.7

3.03.04.34.73.1

4.86.78.3

10.49.1

7.58.23.44.46.3

5.33.27.3

10.510.3

10.28.2

1.06.55.07.02.66.3

10.312.211.48.0

9.110.68.9

12.6

11.410.29.89.3

9.59.46.8

Elec-tronicand

otherelectricequip-ment

1.7

1.31.31.51.61.7

2.73.03.02.92.3

1.31.92.83.2.5

2.63.85.86.65.4

5.04.91.33.44.8

2.42.66.27.68.7

7.96.2

1 06.64.12.03.32.9

3.77.79.49.7

8.38.87.3

10.3

9.98.97.25.7

7.27.05.3

Motorvehicles

andequip-ment

3.0

3.02.54.04.94.6

6.25.14.05.54.8

1.35.15.95.9

2.27.49.38.94.6

-4.3.2

-.45.28.9

7.34.43.75.71.7

-7.1-10.7

2 99.48.57.34.5

.6

1.34.27.89.6

7.03.4

1-3.6

-6.844

-5.0123

-14.9-11.4-8.3

Other

3.5

2.83.13.54.04.5

5.25.35.05.74.9

3.04.25.76.34.1

4.87.48.6

10.58.6

2.8272.67.2

13.1

10.113.717.316.116.2

16.013.8

1.79.7

12.49.7

17.416.2

15.319.014.016.2

15.915.018.315.7

18.017.015.114.0

12.714.914.2

Nondurable goods

Total

12.8

12.112.012.213.214.4

16.418.417.819.218.0

16.818.218.821.725.7

34.139.541.044.651.8

57.869.358.353.049.5

51.129.044.865.363.4

58.558.0

55.557.145.054.529.763.4

67.758.761.772.9

67.765.165.155.6

56.364.459.254.2

54.556.460.0

Foodand

kindredprod-ucts

2.5

2.22.42.42.72.7

2.83.33.23.23.0

3.23.52.92.52.6

8.67.16.86.15.8

6.09.07.25.87.3

8.47.5

11.411.811.8

12.616.4

6.76.17.37.88.2

13.4

13.411.89.6

12.3

14.511.211.110.4

8.013.714.713.9

15.015.817.1

Chemi-calsand

alliedprod-ucts

3.5

3.13.33.23.74.1

4.64.94.35.24.6

3.94.55.26.15.2

6.38.27.78.27.1

5.57.64.76.87.3

6.08.0

15.119.319.9

20.319.3

3.17.76.03.59.5

18.5

20.216.816.324.0

20.020.920.418.1

21.222.620.317.0

16.618.721.5

Petro-leumandcoalprod-ucts

2.6

2.62.22.22.22.3

2.93.43.93.73.3

3.63.73.25.2

10.7

9.813.312.915.524.5

33.638.631.622.115.9

17.1-8.5

3610.47.2

6.53.5

29.024.113.024.11337.4

9.16.2

12.314.2

8.17.38.94.6

6.57.34.38.0

8.72.9.8

Other

4.3

4.24.24.44.75.3

6.16.86.47.07.0

6.16.57.57.97.2

9.411.013.614.814.6

12.914.214.818.319.1

19.721.921.923.824.5

19.218.8

16.619.218.619.225.324.1

25.124.023.522.4

25.125.624.622.5

20.520.919.915.4

14.219.120.6

Note.—The industry classification is on a company basis and is based on the 1987 Standard Industrial Classification (SIC) beginning1987 and on the 1972 SIC for earlier years shown.



TABLE B-88.—Sales, profits, and stockholders' equity, all manufacturing corporations, 1950-91


Year orquarter

1950195119521953195419551956195719581959I9601961196219631964196519661967 :1968196919701971 ...197219731973- IVNew series:1973: IV1974

1975197619771978197919801981198219831984 ..

19851986198719881989

1990

1989: 1||IIIIV

1990: 1IIIllIV

1991: 1||III

All manufacturing corporations

Sales(net)

181.9245.0250.2265.9248.5278.4307.3320.0305.3338.0345.7356.4389.4412.7443.1492.2554.2575.4631.9694.6708.8751.1849.5

1,017.2

275.1

236.6

1,060.61,065.21,203.21,328.11,496.41,741.81,912.82,144.72,039.42,114.32,335.0

2,331.42,220.92,378.22,596.22,745.1

2,810.9

666.0707.5681.3690.3

671.4706.9705.1727.4

652.9696.9696.9

Profits

Beforeincometaxes1

23.227.422.924.420.928.629.828.222.729.727.527.531.934.939.646.551.847.855.458.148.152.963.281.421.4

20.692.179.9

104.9115.1132.5154.2145.8158.6108.2133.1165.6

137.0129.3173.0216.1188.8

159.6

53.353.346.735.4

40.150.042.127.4

27.032.728.3

Afterincometaxes

12.911.910.711.311.215.116.215.412.716.315.215.317.719.523.227.530.929.032.133.228.631.036.548.113.0

13.258.749.164.570.481.198.792.6

101.370.985.8

107.6

87.683.1

115.6154.6136.3

111.6

37.936.633.428.4

28.135.129.618.8

18.323.018.5

Stock-holders'equity2

83.398.3

103.7108.2113.1120.1131.6141.1147.4157.1165.4172.6181.4189.7199.8211.7230.3247.6265.9289.9306.8320.8343.4374.1386.4

368.0

395.0423.4462.7496.7540.5600.5668.1743.4770.2812.8864.2

866.2874.7900.9957.6999.0

1,043.9

988.6991.8

1,001.41,014.1

1,026.61,039.81,054.61,054.5

1,054.81,061.91,072.0

Durable goods industries

Sales(net)

86.8116.8122.0137.9122.8142.1159.5166.0148.6169.4173.9175.2195.3209.0226.3

257.0291.7300.6335.5366.5

363.1381.8435.8527.3

140.1

122.7529.0521.1589.6657.3760.7865.7

889.1979.5913.1973.5

1,107.6

1,142.61,125.51,178.01,284.71,356.6

1,357.3

331.7352.8332.3339.8

325.8354.0337.7339.9

305.3337.2330.4

Profits

Beforeincometaxes '

12.915.412.914.011.416.516.515.811.415.814.013.616.818.5

.21.226.229.225.730.631.523.026.533.643.610.8

10.141.135.350.757.969.672.457.467.234.748.775.5

61.552.178.091.775.2

57.6

22.023.718.910.7

16.322.012.86.4

3.510.63.8

Afterincometaxes

6.76.15.55.85.68.18.37.95.88.17.06.98.69.5

11.614.516.414.616.516.912.914.518.424.86.3

6.224.721.430.834.841.845.235.641.621.730.048.9

38.632.653.067.155.7

40.9

15.916.713.89.3

11.815.79.44.1

1.47.51.6


39.947.249.852.454.958.865.270.572.877.982.384.989.193.398.5

105.4115.2125.0135.6147.6155.1160.4171.4188.7194.7

185.8196.0208.1224.3239.9262.6292.5317.7350.4355.5372.4395.6

420.9436.3444.3468.7501.3

515.0

495.8500.2502.6506.6

506.4517.0519.0517.5

510.0514.1512.7

Nondurable goods industries

Sales(net)

95.1128.1128.0128.0125.7136.3147.8154.1156.7168.5171.8181.2194.1203.6216.8235.2262.4274.8296.4328.1345.7369.3413.7489.9135.0

113.9531.6544.1613.7670.8735.7876.1

1,023.71,165.21,126.41,140.81,227.5

1,188.81,095.41,200.31,311.51,388.5

1,453.6

334.3354.7348.9350.5

345.6352.9367.5387.5

347.6359.7366.5

Profits

Beforeincometaxes1

10.312.110.010.49.6

12.113.212.411.313.913.513.915.116.418.320.322.622.024.826.625.226.529.637.810.6

10.551.044.654.357.262.981.888.491.373.684.490.0

75.677.295.1

124.4113.5

102.0

31.429.627.824.7

23.828.029.221.0

23.522.124.5

Afterincometaxes

6.15.75.25.55.67.07.87.56.98.38.28.59.2

10.011.613.014.614.415.516.415.716.518.023.36.7

7.034.127.733.735.539.353.556.959.649.355.858.8

49.150.562.687.580.6

70.6

21.919.919.619.2

16.319.520.214.7

16.915.516.9


43.551.153.955.758.261.366.470.674.679.283.187.792.396.3

101.3106.3115.1122.6130.3142.3151.7160.5172.0185.4191.7

182.1199.0215.3238.4256.8277.9308.0350.4393.0414.7440.4468.5

445.3438.4456.6488.9497.7

528.9

492.8491.6498.8507.6

520.2522.7535.6537.0

544.8547.8559.3

1 In the old series, "income taxes" refers to Federal income taxes only, as State and local income taxes had already been deducted.In the new series, no income taxes have been deducted.

* Annual data are average equity for the year (using four end-of-quarter figures).Note.—Data are not necessarily comparable from one period to another due to changes in accounting procedures, industry

classifications, sampling procedures, etc. For explanatory notes concerning compilation of the series, see "Quarterly Financial Report forManufacturing, Mining, and Trade Corporations, Department of Commerce, Bureau of the Census.



TABLE &-89*-^ReIation. of profits after taxes to stockholders' equity and to sales, all manufacturing

corporations, 1947-91

Year or quarter

1947 ..19481949

19501951195219531954

1955195619571958 ..1959

1960196119621963 .1964

19651966196719681969

1970197119721973

1973: IV

New series:1973- IV

1974 ..

19751976197719781979

1980 . . .198119821983 .1984

19851986 ...198719881989

1990

1989: 1 ....(IillIV

1990:1||IllIV _.

1991:1||III

Ratio of profits after income taxes (annualrate) to stockholders' equity— percent *

Allmanufacturingcorporations

15.616.011.6

15.412.110.310.59.9

12.612.310.98.6

10.4

9.28.99.8

10.311.6

13.013.411.712.111.5

9.39.7

10.612.8

13.4

14.3

14.9

11.613.914.215.016.4

.13.913.69.2

10.612.5

10.19.5

12.816.113.6

10.7

15.314.813.411.2

10.913.511.27.1

6.98.76.9

Durablecoods

industries

14.415.712.1

16.913.011.111.110.3

13.812.811.38.0

10.4

8.58.19.6

10.111.7

13.814.211.712.211.4

8.39.0

10.813.1

12.9

13.3

12.6

10.313.714.516.015.411.211.96.18.1

12.4

9.27.5

11.914.311.1

8.0

12.913.411.07.3

9.312.17.23.2

1.15.91.3

Nondurablegoods

industries

16.616.211.2

14.111.29.79.99.6

11.411.810.69.2

10.4

9.89.69.9

10.411.5

12.212.711.811.911.5

10.310.310.512.6

14.0

15.3

17.1

12.914.213.814.217.4

16.315.211.912.712.5

11.011.513.717.916.2

13.4

17.816.215.715.1

12.514.915.110.9

12.411.312.1

Profits after income taxes per dollar ofsales— cents

Allmanufacturingcorporations

6.77.05.8

7.14.94.34.34.5

5.45.34.84.24.8

4.44.34.54.75.2

5.65.65.05.14.8

4.04.14.34.7

4.7

5.6

5.5

4.65.45.35.45.7

4.84.73.54.14.6

3.83.74.96.05.0

4.0

5.75.24.94.1

4.25.04.22.6

2.83.32.7

Durablegoods

industries

6.77.16.4

7.75.34.54.24.6

5.75.24.83.94.8

4.03.94.44.55.1

5.75.64.84.94.6

3.53.84.24.7

4.5

5.0

4.7

4.15.25.35.55.2

4.04.22.43.14.4

3.42.94.55.24.1

3.0

4.84.74.22.7

3.64.42.81.2

.52.2.5

Nondurablegoods

industries

6.76.85.4

6.54.54.14.34.4

5.15.34.94.44.9

4.84.74.74.95.4

5.55.65.35.25.0

4.54.54.44.8

5.0

6.1

6.4

5.15.55.35.36.15.65.14.44.94.8

4.14.65.26.75.8

4.9

6.65.65.65.5

4.75.55.53.8

4.94.34.6

1 Annual ratios based on average equity for the year (using four end-of-quarter figures). Quarterly ratios based on equity at end ofquarter only.

Note—Based on data in millions of dollars.See Note, Table B-88.Source: Department of Commerce, Bureau of the Census.


TABLE B-90.—Sources and uses of funds, nonfarm nonfinancial corporate business, 1947-91


Year orquarter

194719481949

195019511952195319541955....1956....1957....1958....1959....

19601961196219631964....1965....1966....1967....1968....1969....

1970197119721973197419751976197719781979

1980198119821983198419851986198719881989

1990

1989:IIIIllIV

1990:Iii"""."inIV

1991:1IIIll

Sources

Total

27.529.520.5

42.636.930.228.629.853.445.143.542.257.2

48.956.461.169.775.293.799.996.1

114.9117.4

102.9128.9155.2217.0180.5155.6211.2256.5313.5324.4

320.6375.4313.7431.2491.4464.3521.5545.0586.7548.4

466.7

538.3629.4473.2553.0

525.3518.2443.7379.5

474.7465.3469.9

Internal

Total

13.319.720.0

18.520.822.522.324.429.930.132.030.737.0

36.537.544.047.853.060.164.365.366.766.5

64.076.188.195.591.0

125.0140.5162.7183.7198.5

199.7238.9247.6292.3336.4351.9336.8376.1404.4405.0

381.5

401.4404.3410.5403.7

393.8395.2361.2375.9

390.5390.3386.7

U.S.undis-

tributedprofits

12.714.09.6

14.110.88.99.29.0

13.412.711.58.3

13.0

10.610.213.014.518.423.425.022.221.318.4

12.618.724.636.945.343.456.566.978.786.4

69.264.230.630.546.421.7

-2.141.373.648.5

24.6

54.851.742.445.2

27.831.731.07.8

.23.77.3

Inven-

valuationand

capitalcon-

sumptionadjust-ments

-8.7-5.2-1.0

-7.9-4.4-2.0-3.3-1.9-2.0-3.7-2.7-1.5-1.0

-.4.6

3.24.04.04.03.54.21.9.4

-1.1.0

-1.6-15.2-38.8-18.6-26.1-27.0-37.8-58.0

-61.4-44.8-22.4

2.924.154.453.430.615.77.0

-10.8

-5.212.718.22.5

4.89.9

-32.7-25.2

-1.82.4

-7.8

Capitalcon-

sumptionallow-ances

9.010.411.2

12.013.814.815.916.817.820.022.023.024.1

25.125.826.827.929.331.334.137.341.145.0

49.454.260.565.676.892.2

102.5114.8131.1151.6

173.3205.3227.6240.2246.2256.1269.3279.3295.2313.9

324.5

305.9309.6317.6322.5

319.2322.2326.7329.9

334.6337.2338.3

Foreignearn-ings *

0.3.4.3

.3

.6

.8

.7

.5

.81.01.2.8.9

1.21.01.11.41.31.41.71.62.32.8

3.23.24.78.17.78.17.68.1

11.718.6

18.714.211.818.819.719.816.224.819.935.5

43.2

45.930.332.333.5

41.931.436.163.4

57.447.048.9

External

Total

14.19.9

.4

24.016.27.86.25.4

23.415.111.511.620.2

12.418.917.121.922.233.635.630.748.250.9

38.952.867.1

121.589.430.670.793.8

129.8125.9

120.8136.566.1

138.9155.0112.3184.7168.9182.3143.5

85.2

136.9225.0

62.7149.3

131.5122.982.63.6

84.375.083.2

Credit market funds

Total

8.47.43.0

8.110.99.25.86.3

10.312.612.010.412.2

11.312.012.612.314.218.924.627.427.532.5

34.137.542.576.554.623.050.969.671.060.1

68.490.450.781.092.552.4

126.763.063.042.1

12.5

-6.3129.2

6.638.9

37.249.8

-1.7-35.1

6.742.859.0

Securi-tiesand

mort-gages

5.46.74.9

4.26.48.16.26.76.67.4

10.110.58.3

7.410.58.78.58.27.0

14.219.214.914.6

26.232.926.544.621.239.342.644.837.88.8

27.823.2

-4.045.5

-13.0-4.560.927.5

-13.0-41.8

-17.4

-101.8-.6

-85.520.7

-30.48.4

-48.8.9

57.6102.994.9

Loansand

short-termpaper

3.0.7

-1.9

3.94.41.1

-.4-.53.75.31.9-.14.0

3.91.53.93.86.0

11.910.48.2

12.617.8

7.84.6

16.031.933.5

-16.38.3

24.833.251.3

40.667.254.735.5

105.556.965.835.476.083.9

30.0

95.5129.892.118.2

67.641.347.0

-36.0

-50.8-60.1-35,9

Other2

5.72.5

-2.6

16.05.3

-1.4.4

-.913.22.4-.51.28.0

1.06.94.59.68.1

14.711.03.4

20.718.4

4.915.324.645.034.87.7

19.924.258.865.8

52.546.015.457.962.559.958.0

106.0119.3101.4

72.6

143.295.856.0

110.5

94.373.284.338.6

77.532.224.2

Uses

Total

20.425.613.1

40.437.930.028.228.048.841.039.838.451.7

41.351.054.860.564.982.990.888.4

107.6116.7

100.3124.7149.7194.9194.9158.1212.6250.0331.9374.6

352.6407.9333.1425.9504.3459.2504.7478.3563.5529.2

484.7

509.3567.3489.1551.3

505.6516.4522.0394.7

445.2440.2482.0

Capitalexpendi-tures s

12.120.79.6

24.030.525.525.923.132.337.135.527.637.5

37.436.742.444.850.161.174.071.976.885.0

81.588.099.6

124.2142.4117.0159.1187.4224.2244.8

254.2310.9286.1303.8399.1375.3353.9365.8394.5421.4

403.1

420.7419.2416.4429.1

402.4415.9418.1376.2

354.8359.5389.8

ncreasein

financialassets

8.45.03.5

16.47.44.62.34.9

16.54.04.2

10.814.2

3.914.212.515.714.921.816.716.430.831.7

18.736.750.170.752.541.153.562.6

107.7129.8

98.497.047.0

122.1105.283.9

150.8112.5169.0107.9

81.6

88.6148.072.7

122.2

103.3100.5103.918.6

90.480.792.2

Discrep-ancy

(sourcesless

uses)

7.03.97.4

2.2-1.0

.2

.41.84.64.13.83.85.5

7.55.46.29.3

10.310.89.17.77.2

.6

2.64.25.5

22.1-14.4-2.5-1.4

6.5-18.4-50.2

-32.1-32.6-19.5

5.3-12.9

5.116.866.723.219.2

-18.0

29.062.1

-15.91.7

19.61.8

-78.3-15.2

29.525.1

-12.2

1 Foreign branch profits, dividends, and subsidiaries' earnings retained abroad.2 Consists of tax liabilities, trade debt, and direct foreign investment in the United States.3 Plant and equipment, residential structures, inventory investment, and mineral rights from U.S. Government.



TABLE B-91.—Common stock prices and yields, 1952-91

Year or month

19521953.195419551956195719581959I960196119621963196419651966...19671968196919701971 .197219731974.. .197519761977197819791980198119821983198419851986198719881989199019911990- Jan

Feb ... .MarAprMayJuneJulyAugSeptOctNovDec


Common stock prices *

New York Stock Exchange indexes (Dec. 31, 1965

Composite

1381136716.1921.5424402367245630733001353733493751437647.3946.1550.7755.3754.6745.7254.2260.2957.4243.8445.7354.4653.6953.7058.3268.1074.0268.9392.6392.46108.09136.00161.70149.91180.02183.46206.33187.96182.55186.26185.61191.35196.68196.61181.45173.22168.05172.21179.57177.95197.75203.57207.71206.93207.32208.29213.33212.55213.10213.25214.26

Industrial

46.1851.9758.0057.4448.0357.9265.7363.0848.0850.5260.4457.8658.2364.7678.7085.4478.18107.45108.01123.79155.85195.31180.95216.23225.78258.14225.79220.60226.14226.86234.85242.42245.86226.73216.81208.58212.81221.88220.69246.74255.36260.15260.13261.16262.48268.22266.21265.68264.89266.01

Transpor-tation

50.2653.5150.5846.9632.1444.3550.1737.7431.8931.1039.5741.0943.5047.3460.6172.6160.4189.3685.63104.11119.87140.39134.12175.28158.62173.99173.67166.58175.08173.55173.53177.37173.18147.41136.95131.90132.96141.31145.89166.06166.26166.90170.77177.05177.15178.52177.99187.31188.52185.47

Utility

45.4145.4344.1942.8037.2439.5338.4837.6929.7931.5036.9740.9239.2238.2037.3538.9139.7547.0046.4456.7571.3674.3071.7787.4390.6092.6695.6992.1593.0091.9293.2993.6589.8585.8183.3087.2789.6991.5688.5992.0892.2992.9290.7689.0190.0592.3893.7295.2596.7898.08

— 50) z

Finance

44.4549.8265.8570.4960.0070.3878.3570.1249.6747.1452.9455.2556.6561.4264.2573.5271.9995.3489.28114.21147.20146.48127.26151.88133.26150.82150.11142.68143.13138.57142.94147.93143.11128.14118.59108.01113.76122.18121.39141.03145.42152.64151.32152.31151.60157.70157.69158.94159.78159.96

DowJones

industrialaverage 3

270.76275.97333.94442.72493.01475.71491.66632.12618.04691.55639.76714.81834.05910.88873.60879.12906.00876.72753.19884.76950.71923.88759.37802.49974.92894.63820.23844.40891.41932.92884.36

1,190.341,178.481,328.231,792.762,275.992,060.822,508.912,678.942,929.332,679.242,614.182,700.132,708.262,793.812,894.822,934.232,681.892,550.692,460.542,518.562,610.922,587.602,863.042,920.112,925.542,928.422,968.142,978.193,006.093,010.353,019.742,986.122,958.64

Standard& Poor'scomposite

index(1941-

43 = 10)*

24.5024.7329.6940.4946.6244.3846.2457.3855.8566.2762.3869.8781.3788.1785.2691.9398.7097.8483.2298.29109.20107.4382.8586.16102.0198.2096.02103.01118.78128.05119.71160.41160.46186.84236.34286.83265.79322.84334.59376.18339.97330.45338.47338.18350.25360.39360.03330.75315.41307.12315.29328.75325.49362.26372.28379.68377.99378.29380.23389.40387.20386.88385.92388.51

Common stock yields(percent) 5

Dividend-priceratio6

5.805.804.954.084.094.353.973.233.472.983.373.173.013.003.403.203.073.243.833.142.843.064.474.313.774.625.285.475.265.205.814.404.644.253.493.083.643.453.613.243.413.543.493.513.443.363.373.653.854.013.913.743.823.353.263.193.233.233.203.103.153.143.153.11

Earnings-priceratio7

9.4710.268.577.957.557.896.235.785.904.625.825.505.325.596.635.735.676.086.455.415.507.1211.599.158.9010.7912.0313.4612.6611.9611.608.0310.028.126.095.488.017.416.47

6.37

£94

7"ib

6.46

5.58

5.23

4.60

1 Averages of daily closing prices, except New York Stock Exchange data through May 1964 are averages of weekly closing prices.2 Includes all the stocks (more than 1,500) listed on the New York Stock Exchange.3 Includes 30 stocks.* Includes 500 stocks.5 Standard & Poor's series, based on 500 stocks in the composite index."Aggregate cash dividends (based on latest known annual rate) divided by aggregate market value based on Wednesday closing

prices. Monthly data are averages of weekly figures; annual data are averages of monthly figures.7 Quarterly data are ratio of earnings (after taxes) for 4 quarters ending with particular quarter to price index for last day of that

quarter. Annual data are averages of quarterly ratios.Note.—All data relate to stocks listed on the New York Stock Exchange.Sources: New York Stock Exchange, Dow Jones & Co., Inc., and Standard & Poor's Corporation.


TABLE B-92.—Business formation and business failures, 1950-91

Year or month

1950195119521953..195419551956195719581959196019611962196319641965196619671968196919701971197219731974...1975197619771978197919801981.19821983198419851986. .19871988... .198919901991 »

1990: JanFebMarAprMay IJuneJulyAugsept':..::.::::::.:OctNovDec

1991: JanFebMarAprMayJuneJulyAugSeptOctNovDec "

Indexof net

businessformation(1967=

100)

87.786.790.889.788.896.694.690.390.297.994.590.892.694.498.299.899.3

100.0108.3115.8108.8111.1119.3119.1113.2109.9120.4130.8138.1138.3129.9124.8116.4117.5121.3120.9120.4121.2124.1124.8120.7

Newbusinessincorpo-rations

(number)

93,09283,77892,946

102,706117,411139,915141,163137,112150,781193,067182,713181,535182,057186,404197,724203,897200,010206,569233,635274,267264,209287,577316,601329,358319,149326,345375,766436,170478,019524,565533,520581,242566,942600,400634,991662,047702,738685,572685,095676,565646,107

Seasonally adjusted

125.9125.1124.7123.3121.6121.1120.0119.7118.6117.2116.1115.2115.5114.9114.2115.0115.7116.1115.5115.9115.2113.2113.3

58,81356,05856,17255,00053,61653,78452,14252,95852,17651,89951,42952,06051,99150,38451,53652,23552,32752,07152,80353,31552,234

Business failures *

Businessfailurerate2

34.330.728.733.242.041.648.051.755.951.857.064.460.856.353.253.351.649.038.637.343.841.738.336.438.442.634.828.423.927.842.161.389.0

110.0107.0115.0120.0102.098.065.075.098.0

Number of failures

Total

9,1628,0587,6118,862

11,08610,96912,68613,73914,96414,05315,44517,07515,78214,37413,50113,51413,06112,3649,6369,154

10,74810,3269,5669,3459,915

11,4329,6287,9196,6197,564

11,74216,79424,90831,33452,07857,25361,61661,11157,09750,36160,50887,592

4,6444,1654,7684,7095,1285,2554,7565,6374,8656,0795,3545,1486,7926,9807,4337,5687,8036,9567,6607,4236,8358,4867,0876,569

Liability size class

Under$100,000

8,7467,6267,0818,075

10,22610,11311,61512,54713,49912,70713,65015,00613,77212,19211,34611,34010,83310,1447,8297,1928,0197,6117,0406,6276,7337,5046,1764,8613,7123,9305,6828,233

11,50915,50919,61836,53938,90838,94938,30033,31240,53060,306

3,0382,7573,1103,0863,4693,4733,2613,8263,3314,1093,6123,4584,5224,5865,0125,1675,3914,8705,2795,2204,7866,0224,9114,540

$100,000and over

416432530787860856

1,0711,1921,4651,3461,7952,0692,0102,1822,1552,1742,2282,2201,8071,9622,7292,7152,5262,7183,1823,9283,4523,0582,9073,6346,0608,561

13,39915,82532,46020,71422,70822,16218,79717,04919,97827,286

1,6061,4081,6581,6231,6591,7821,4951,8111,5341,9701,7421,6902,2702,3942,4212,4012,4122,0862,3812,2032,0492,4642,1762,029

Amount of current liabilities(millions of dollars)

Total

248.3259.5283.3394.2462.6449.4562.7615.3728.3692.8938.6

1,090.11,213.61,352.61,329.21,321.71,385.71,265.2

941.01,142.11,887.81,916.92,000.22,298.63,053.14,380.23,011.33,095.32,656.02,667.44,635.16,955.2

15,610.816,072.929,268.636,937.444,724.034,723.839,573.042,328.859,836.5

110,934.0

6,167.97,247.43,579.76,365.24,688.16,911.82,143.75,973.94,017.24,473.03,591.94,676.5

12,555.717,763.87,928.88,280.3

11,805.715,816.76,184.53,187.55,952.2

10,337.74,568.96,552.2

Liability size class

Under$100,000

151.2131.6131.9167.5211.4206.4239.8267.1297.6278.9327.2370.1346.5321.0313.6321.7321.5297.9241.1231.3269.3271.3258.8235.6256.9298.6257.8208.3164.7179.9272.5405.8541.7635.1409.8423.9838.3746.0686.9670.5730.0940.7

56.950.257.558.961.961.356.266.356.473.970.360.174.875.179.280.986.980.986.973.768.587.374.871.7

$100,000and over

97.1128.0151.4226.6251.2243.0322.9348.2430.7413.9611.4720.0867.1

1,031.61,015.61,000.01,064.1

967.3699.9910.8

1,618.41,645.61,741.52,063.02,796.34,081.62,753.42,887.02,491.32,487.54,362.66,549.3

15,069.115,437.828,858.836,513.543,885.733,977.838,886.141,658.259,106.5

109,993.3

6,111.17,197.23,522.16,306.34,626.26,850.52,087.55,907.63,960.84,399.03,521.54,616.4

12,480.917,688.77,849.68,199.4

11,718.815,735.86,097.63,113.85,883.7

10,250.44,494.16,480.5

1 Commercial and industrial failures only through 1983, excluding failures of banks, railroads, real estate, insurance, holding, andfinancial companies, steamship lines, travel agencies, etc.

Data beginning 1984 are based on expanded coverage and new methodology and are therefore not generally comparable with earlierdata. Data for 1990 and 1991 are subject to revision due to amended court filings.2 Failure rate per 10,000 listed enterprises.

Sources: Department of Commerce (Bureau of Economic Analysis) and The Dun & Bradstreet Corporation.


AGRICULTURE

TABLE B-93.—Farm income, 1940-91


Year or quarter

194019411942194319441945194619471948 ..1949

19501951195219531954 .. .19551956 .195719581959

19601961196219631964.19651966196719681969

197019711972 .. .1973197419751976197719781979

198019811982 _1983198419851986198719881989

1990

1989:1I I .IllIV.

1990:1 .IIIllIV

1991:1II..Ill P

Income of farm operators from farming

Gross farm income

Total1

11.314.319.923.324.025.429.632.436.530.8

33.138.337.834.434.233.534.034.839.037.9

38.640.542.343.442.346.550.550.551.856.4

58.862.171.198.998.2

100.6102.9108.8128.4150.7

149.3166.3164.1153.9168.0161.2156.1168.4174.5190.3

195.1

191.7190.4186.8192.4

199.7191.4188.0201.4

186.9197.6186.7

Cash marketing receipts

Total

8.411.115.619.620.521.724.829.630.227.8

28.532.932.531.029.829.530.429.733.533.6

34.035.236.537.537.339.443.442.844.248.2

50.552.761.186.992.488.995.496.2

112.4131.5

139.7141.6142.6136.8142.8144.1135.3141.8151.1160.9

170.0

155.4159.1165.6163.4

166.0166.8173.7173.4

162.4173.7172.2

Livestockand

products

4.96.59.0

11.511.412.013.816.517.115.4

16.119.618.216.916.316.016.417.419.218.9

19.019.520.220.019.921.925.024.425.528.6

29.530.535.645.841.343.146.347.659.269.2

68.069.270.369.672.969.871.676.079.484.1

89.6

82.081.284.089.3

89.487.990.790.3

86.583.985.9

Crops

3.54.66.58.19.29.7

11.013.113.112.4

12.413.214.314.113.613.514.012.314.214.7

15.015.716.317.417.417.518.418.418.719.6

21.022.325.541.151.145.849.048.653.262.3

71.772.572.367.269.974.363.765.871.676.8

80.4

73.477.981.674.1

76.678.983.083.1

75.989.886.3

Value ofinventorychanges2

0.3.4

1.114

-.4.0

-1.81.7

9

.81.2.9.6

'.2__ 5

!e.8.0

.4

.3

.6

.68

1.0

.7

.1

.1

.01.4.9

3.4163.4

-1.51.11.95.0

636.514

-10.96.023

-2.2-2.3-3.5

4.3

2.9

3.44.54.64.6

4.63.52.31.4

1.1.6

Produc-tion

expenses

6.97.8

10.011.612.313.114.517.018.818.0

19.522.322.821.521.822.222.723.725.827.2

27.428.630.331.631.833.636.538.239.542.1

44.547.151.764.671.075.082.788.9

103.3123.3

133.1139.4140.3139.6141.9132.4125.1128.7133.9140.2

144.3

140.6141.3140.9138.1

142.0143.4143.8148.0

147.4148.4144.8

Net farm income

Currentdollars

4.56.59.9

11.711.712.315.115.417.712.8

13.615.915.013.012.411.311.311.113.210.7

11.212.012.111.810.512.914.012.312.314.3

14.415.019.534.427.325.520.219.925.227.4

16.126.923.814.226.128.831.039.740.650.1

50.8

51.149.145.954.3

57.748.044.253.4

39.449.241.9

1987dollars3

4L9

43.145.545.043.337.945.447.540.738.942.9

40.940.650.183.260.751.938.635.641.841.9

22.534.128.416.328.730.532.039.739.146.2

45.0

47.845.542.149.4

51.942.738.946.6

34.142.135.8

aCash marketing receipts and inventory changes plus Government payments, other farm cash income, and nonmoney incomefurnished by farms.

2 Physical changes in end-of-period inventory of crop and livestock commodities valued at average prices during the period.3Income in current dollars divided by the GDP implicit price deflator (Department of Commerce); the deflator is not yet available

prior to 1959.Note—Data include net Commodity Credit Corporation loans and operator households.Source: Department of Agriculture, except as noted.


TABLE B-94.—Farm output and productivity indexes, 1947-91

[1977=100]

Year

194719481949 .

19501951195219531954

1955195619571958.1959

I9601961196219631964

19651966196719681969

19701971197219731974

19751976197719781979

19801981198219831984

1985..1986198719881989

19901991 p

Farm output

Total1

586362

6163666666

6969677374

7676778079

8279838585

8492919388

9597100104111

10411811696112

118111110102114

119120

Crops2

Total3

566461

5960626261

6363626968

7270717472

7673777980

7786879284

9392100102113

10111711788111

11810910892107

114111

Feedgrains

395750

5147504951

5454586466

6962626859

7070797578

7192889174

9196100108116

9712112267116

13412310673108

112107

Foodgrains

646253

4949635751

4850476955

6660565965

6767768074

6981778691

10810710093108

121144138117129

12110710798107

136105

Oilcrops

222726

2626262628

3034333936

3843444646

5355566465

6668748771

8674100105129

9911412191106

11711010889106

107113

Live-stockandprod-ucts2

656467

7073747477

7979787983

8286868991

8991949495

99100101.99100

9599100101104

108109107109107

110110113116116

118119

Productivity indicators

Farm output

Perunit oftotalinput

556057

5860626465

6667677473

7678788281

8483858788

8795949590

9998100101105

101116119100118

129124124116130

135

Perhour offarmwork4

182120

2224262829

3031333939

4244465152

5659646872

7485838681

9097100104113

109123125100121

139139142135147

142

Cropproduc-tionper

acre5

576460

5959626261

6364657372

7778818381

8583868991

8896999988

9694100105113

100115116100112

120116123106119

127

1 Farm output measures the annual volume of net farm production available for eventual human use through sales from farms orconsumption in farm households.

2 Gross production.3 Includes items not included in groups shown.4 Survey-based labor productivity time series; not comparable with data published in the issues of the Economic Report of the President

prior to January 1989.8 Computed from variable weights for individual crops produced each year.Source: Department of Agriculture.


TABLE B-95.—Farm input use, selected inputs, 1947-90

Year

194719481949

19501951195219531954

19551956195719581959

1960 ..1961196219631964

19651966196719681969....

1970197119721973....1974

19751976197719781979

1980.1981198219831984

19851986198719881989

1990

Farm population,April'

Num-ber

(thou-sands)

25,82924,38324,194

23,04821,89021,74819,87419,019

19,07818,71217,65617,12816,592

15,63514,80314,31313,36712,954

12,36311,59510,87510,45410,307

9,7129,4259,6109,4729,264

8,8648,253

7 6,1947 6,5017 6,2417 6,0517 5,8507 5,6287 5,7875,754

5,3555,2264,9864,9514,801

4,591

Aspercent

oftotal

popula-tion2

17.916.616.2

15.214.213.912.511.7

11.511.110.39.89.3

8.78.17.77.16.7

6.45.95.55.25.1

4.74.54.64.54.3

4.13.8

7 2.87 2.97 2.87 2.77 2.57 2.47 2.52.4

2.22.22.12.01.9

1.8

Farm employment(thousands) 3

Total

10,38210,3639,964

9,9269,5469,1498,8648,651

8,3817,8527,6007,5037,342

7,0576,9196,7006,5186,110

5,6105,2144,9034,7494,596

4,5234,4364,3734,3374,389

4,3424,3744,1553,9573,774

3,7058 3,5528 3,4008 3,2478 3,094

2,9412,7492,7342,7892,873

2,869

Familywork-ers

8,1158,0267,712

7,5977,3107,0056,7756,570

6,3455,9005,6605,5215,390

5,1725,0294,8734,7384,506

4,1283,8543,6503,5353,419

3,3483,2753,2283,1693,075

3,0262,9972,8592,6892,501

2,4028 2,2678 2,1368 2,0078 1,976

1,9041,7681,7431,8101,926

1,965

Hiredwork-ers

2,2672,3372,252

2,3292,2362,1442,0892,081

2,0361,9521,9401,9821,952

1,8851,8901,8271,7801,604

1,4821,3601,2531,2131,176

1,1751,1611,1461,1681,314

1,3171,3771,2961,2681,273

1,3038 1,2859 1,2648 1,2408 1,118

1,037981992979947

904

Cropshar-

vested(mil-

lions ofacres) 4

355356360

345344349348346

340324324324324

324302295298298

298294306300290

293305294321328

336337345338348

352366362306348

342325302297318

322

Selected indexesof input use (1977 = 100)

Total

104104108

106106105103102

10410310098101

9998989898

9796989796

9697979898

9798100102105

103102989695

9189898787

88

Farmlabor

297285285

265251237220214

220212196182183

177167163155148

144132128124118

112108110109109

10610010010099

9696939792

8580787576

80

Farmreal

estate

106107108

109109108108108

108106105104105

103103104104104

103102104102102

10510310210099

9798100100103

10310410210199

9796959493

93

Me-chanicalpowerand

machin-ery

546268

7277818282

8384838384

8380807980

8082858686

8587869092

9698100104104

10198898685

8077747473

71

Agri-culturalchemi-cals5

151618

1921232424

2627272832

3235384346

4956666973

7581869092

8396100107123

123129118102120

115109111112119

122

Feed,seed,andlive-stockpur-

chases6

515256

5862636365

6669687377

7781838385

8689928993

9610210410799

93101100108115

114108107103103

102109116111113

113

ârm population as defined by Department of Agriculture and Department of Commerce, i.e., civilian population living on farms inrural areas, regardless of occupation. See also footnote 7.

2 Total population of United States including Armed Forces overseas, as of July 1.3 Includes persons doing farmwork on all farms. These data, published by the Department of Agriculture, differ from those on

agricultural employment by the Department of Labor (see Table B-30) because of differences in the method of approach, in concepts ofemployment, and in time of month for which the data are collected.

4 Acreage harvested plus acreages in fruits, tree nuts, and farm gardens.8 Fertilizer, lime, and pesticides.•Nonfarm constant dollar value of feed, seed, and livestock purchases.7 Based on new definition of a farm. Under old definition of a farm, farm population (in thousands and as percent of total

population) for 1977, 1978, 1979, 1980, 1981, 1982, and 1983 is 7,806 and 3.6; 8,005 and 3.6; 7,553 and 3.4; 7,241 and 3.2; 7,014and 3.1; 6,880 and 3.0; 7,029 and 3.0, respectively.

8 Basis for farm employment series was discontinued for 1981 through 1984. Employment is estimated for these years.Note.—Population includes Alaska and Hawaii beginning 1960.Sources: Department of Agriculture and Department of Commerce (Bureau of the Census).


TABLE B-96.—Indexes of prices received and prices paid by farmers, 1950-91

[1977=100]

Year or month

1950195119521953195419551956195719581959196019611962 .19631964196519661967196819691970....19711972197319741975197619771978197919801981198219831984 *19851986198719881989.199019911990- Jan

FebMarAprMay 'JuneJulyAugsept...: ::::...:.::::.::::::OctNovDec

1991: JanFebMarAprHayJuneJulyAugsept:::::.:::::""::::: :::OctNovDec

Prices received by farmers

Allfarmprod-ucts

566663

- 565451505155535253535352545855565960626998105101102100115132134139133135142128123127138148149146152151150151153152151149147146145142144144148148151153149146147142139137

Crops

546162555653545252515152545555535552525052566091117105102100105116125134121128138120107106126134127130132131128130132129128123121121123121121122127130137142136133137126124120

Live-stockandprod-ucts

58706456524947515753535253514954605760676767771049498101100124147144143145141146136138146150160170162171169171170173173172174171170166163166166169166165163162158157158154154

Prices paid by farmers

Allcommod-

ities,services,interest,taxes,andwagerates 1

374142404040404243434444454545474949515355586271818995100108123138150159161164162159162170178184189181

183

184

187

188

189

189

189

Production items

Total2

424747444443434446464646474747485050505254576173839197100108125138148153152155151144148157165171173169

170

170

i'74

173

175

173

172

Tractorsandself-pro-pelledmachin-

ery

39"4042444749515458688291100109122136152165174181178174174181193202211199

201

201

208

208

210

210

216

Fertil-izer

54575959595857585857575858575757565552484850525692120102100100108134144144137143135124118130137131134131

130

130

132

132

136

136

132

Fuelsand

energy

49"4950505152535457798893100105137188213210202201201162164167180204203201

188

187

239

219

198

196

200

Wagerates

222526272727282930323333343536384144485357596369798593100107117127138144148151154159166171185191201192

193

192

185

202

203

203

193

Adden-dum:Aver-agefarmreal

estatevalueper

acre3

141618181819192122232425262729313335384042434753667586100109125145158157148146128112103106111112115112

115

1 Includes items used for family living, not shown separately.2 Includes other items not shown separately.3 Average for 48 States. Annual data are for March 1 of each year through 1975, February 1 for 1976-81, April

February 1 for 1986-89, and January 1 for 1990 and 1991.Source: Department of Agriculture.

for 1982-85,


TABLE B-97.—U.S. exports and imports of agricultural commodities, 1940-91


Year

19401941194219431944

19451946...194719481949

1950 .1951195219531954

19551956195719581959

1960 .1961196219631964

19651966...196719681969

19701971197219731974

1975197619771978...1979

19801981198219831984

198519861987..19881989

1990

Jan-Nov:19901991

Total1

05.7

L22.12.1

2.33.14.03.536

2.94.03.42.83.1

3.242453.940

485.050566.3

6.2696.4636.0

737.794

17721.9

21923.0236294347

412433366361378

29.026228737.139.9

39.3

36235.3

Feedgrains

4

4

4

4

4

(*)n i.13

2

3

.2

.34356

5

889

1.1131.1

9.9

1 11.0153546

5260495977

9894647381

6031385.977

70

6653

Foodgrains2

(*)0.1(4)\1.1

.4

.71.41.51 1

61.11.1

.5

.61.010.89

121.413151.7

1.4181.5141.2

141.3184754

6247365563

7996797475

4538385.971

48

4538

Exports

Oil-seedsand

prod-ucts

(4

44

h.1

(4

(4

.2

.3

.2

.3

.2

.2

.3

.4

.55.46

6.67.8

1.0

1.2121.3131.3

192.224435.7

4551668289

9496918784

5865647.763

57

5255

Cot-ton

0.2.1.1.2

.3

.5

.5

.9

1.01.1.9

.8

.5

.710.74

10.9567

.54.553

4659

13

1010151722

2923201824

168

162023

28

2522

To-bacco

(4)

01

.2

.2

.4

.3

.3

.3

.3

.3

.4

.34.43

4.444.4

.45.55.6

5.5778

99

1 11412

1315151515

15121 11.313

14

121.3

Ani-malsand

prod-ucts

0.1.3.8

1.21.3

.9

.9

.7

.4

.3

.5

.4

.5

.6

.77.5.6

.6

.6

.67.8

.87.77.8

91.011161.8

172.4273038

3842393842

4145526.464

67

6263

Total1

1.31.71.31.51.8

1.72.32.83.12.9

4.05.24.54.24.0

4.04.04.03.94.1

3.83.73.9404.1

4.1454.5505.0

585.86.584

10.2

9311.0134148167

17416815416.6193

20.021520421.021.7

22.8

21020.8

1

Crops,fruits,

andvege-

tables3

(4)

0.1(4)

.1

.1

.1

.2

.2

.2

.2

.2

.2

.2

.2

.2

.2

.23.3

.3

.4

.4

.5

.5

5.6.78.8

8.9

121517

1620232.331

3.536363.84.2

4.9

454.3

mports

Ani-malsand

prod-ucts

0.2

.5

.3

.4

.4

.4

.6

.71.1.7.6.5

.5

.5

.7

.8

.6

.7

.9

.9

.8

.91.21.11.31.4

1.61.51.82.62.2

182.3233139

3.835373.84.1

4.24.5495.25.1

5.6

525.1

Cof-fee

0.1.2.2.3.3

.3

.5

.6

.7

.8

1.11.41.41.51.5

1.41.41.41.21.1

1.01.01.01.01.2

1.11.11.01.2.9

1.21.21.31.71.6

172.9424.042

4.229292.83.3

3.34.6292.52.4

1.9

1.81.7

Cocoabeansand

prod-ucts

))(

i(4)01

.2

.1

.2

.2

.3

.2

.2

.2

.2

.2

.2

.2

.2

.2

.1

.1

.2

.2

.2

.3

.2

.2

.5

.5

.61.01.41.2

.9

.97.8

1.1

1.41.11.21.01.0

1.1

1.01.0

Agri-culturaltrade

balance

-0.8-1.0-.1

.6

.3

.5

.81.2.3.7

-1.1. -1.1

-1.1-1.3-.9

-.8.2.6

(4).1

1.01.31.21.62.3

2.12.41.91.31.1

1.51.92.99.3

11.7

12.612.010.214.618.0

23.926.621.219.518.5

9.14.78.3

16.118.2

16.5

15.214.5

'Total includes items not shown separately.2 Rice, wheat, and wheat flour."Includes nuts, fruits, and vegetable preparations.Hess than $50 million.Note.—Data derived from official estimates released by the Bureau of the Census, Department of Commerce. Agricultural commodities

are defined as (1) nonmarine food products and (2) other products of agriculture which have not passed through complex processes ofmanufacture. Export value, at U.S. port of exportation, is based on the selling price and includes inland freight, insurance, and othercharges to the port. Import value, defined generally as the market value in the foreign country, excludes import duties, ocean freight,and marine insurance.

Source: Department of Agriculture.


TABLE B-98.—Balance sheet of the farm sector, 1939-91


End of year

1939

1940194119421943194419451946194719481949

1950195119521953195419551956195719581959

1960.196119621963196419651966196719681969

1970. .1971197219731974 7

1975197619771978..1979

1980. . .198119821983..198419851986.198719881989.

19901991" .

Assets

Totalassets

52.6

53.761.472.982.992.1

102.4116.4127.4133.2130.7

153.3170.1166.8162.8167.5173.0182.2191.5207.0210.8

210.0217.8225.7233.9242.1259.9273.2287.1300.4311.5

324.3350.1393.0477.8513.2579.4667.8735.2862.1

1,001.6

1,089.21,089.41,056.81,064.3

975.9892.8848.0911.4956.8976.0

996.21,010.0

Physical assets

Realestate

33.6

34.036.641.547.752.960.568.773.576.075.1

88.998.7

100.098.9

102.5108.2116.1122.7131.5138.4

139.7145.8151.5159.7168.7180.8190.7201.4211.0217.1

224.5240.9268.7329.2369.5421.0499.8556.5656.0767.8

850.1851.7819.1829.3735.0657.0613.0658.6687.0692.7

702.6713.0

Nonreal estate

Live-stockand

poul-try *

5.1

5.37.19.69.79.09.7

11.913.314.412.9

17.119.514.811.711.210.611.013.917.715.2

15.616.417.315.914.417.619.018.820.222.5

23.727.333.742.424.629.429.031.950.161.4

60.653.553.049.549.546.347.858.062.266.2

69.166.0

Machin-ery andmotor

vehicles

3.1

3.34.04.95.46.55.45.37.4

10.112.2

14.116.717.418.418.719.320.220.121.822.7

22.222.523.523.924.826.027.429.831.332.3

34.436.739.344.253.663.170.176.476.482.9

86.992.592.692.19bi88.386.184.586.790.2

91.793.0

Crops 2

2.2

2.33.24.35.56.06.07.08.97.45.9

7.18.27.96.87.56.56.86.46.96.6

6.26.36.47.26.87.77.87.77.28.1

8.59.7

12.721.122.420.520.620.623.930.0

32.830.026.424.426.322.916.617.822.723.3

22.423.0

Pur-chased

in-puts s

2.01.22.13.03.32.7

2.83.0

House-hold

equip-mentand

furnish-ings

4.2

4.14.84.84.75.25.67.28.18.98.4

9.610.09.69.59.7

10.09.69.69.49.2

8.78.98.88.88.48.48.38.89.49.6

10.010.811.912.314.014.215.217.220.021.5

19.420.823.024.424.327.828.732.937.042.2

46.349.0

Financial assets

Invest-ments incooper-atives

0.8

.9

.91.01.11.21.71.92.02.22.4

2.72.93.23.33.53.74.04.24.54.8

4.24.54.65.05.25.45.75.86.16.4

7.27.98.79.7

11.213.014.313.516.118.1

19.320.621.922.824.324.324.425.325.126.1

27.729.0

Other *

3.5

3.94.76.58.8

11.313.514.414.314.213.8

13.814.114.114.214.414.614.414.615.113.8

13.313.313.613.513.814.114.214.715.215.6

16.016.818.019.017.818.418.719.019.719.9

20.020.320.921.823.425.029.431.432.932.5

33.534.0

Claims

Totalclaims

52.6

53.761.472.982.992.1

102.4116.4127.4133.2130.7

153.3170.1166.8162.8167.5173.0182.2191.5207.0210.8

210.0217.8225.7233.9242.1259.9273.2287.1300.4311.5

324.3350.1393.0477.8513.2579.4667.8735.2862.1

1,001.6

1,089.21,089.41,056.81,064.3

975.9892.8848.0911.4956.8976.0

996.21,010.0

Realestatedebt5

6.6

6.56.46.05.44.94.84.95.15.35.6

6.16.77.37.88.39.09.9

10.411.112.1

12.914.015.216.918.921.223.125.227.529.4

30.532.435.439.844.949.955.463.972.886.8

97.5107.2111.3113.7112.3105.795.987.783.080.5

78.479.0

Non-real

estatedebt6

3.0

3.33.53.22.92.72.93.54.14.95.2

6.17.47.76.87.27.98.08.8

10.111.5

12.012.714.215.716.418.119.820.820.421.2

22.325.128.033.136.741.647.855.063.875.7

81.288.291.892.792.082.270.866.065.665.5

66.767.0

Propri-etors'equity

43.0

43.851.563.774.584.494.8

108.1118.3123.0119.9

141.1156.0151.9148.2152.0156.0164.4172.3185.8187.2

185.1191.1196.3201.4206.8220.6230.3241.1252.5261.0

271.5292.6329.7404.9431.5488.0564.6616.2725.5839.2

910.5894.0853.7857.9771.5704.9681.3757.7808.3830.0

851.1864.0

1 Excludes commercial broilers, and beginning 1959 horses and mules.2 Non-Commodity Credit Corporation (CCC) crops held on farms plus value above loan rate for crops held under CCC.3 Includes fertilizer, chemicals, fuels, parts, feed, seed, and other supplies.4 Sum of currency, demand deposits, time deposits, and U.S. savings bonds.5 Includes CCC storage and drying facilities loans.6 Does not include CCC crop loans.7 Beginning 1974, data are for farms included in the new farm definition, that is, places with sales of $1,000 or more annually.Note.—Data include operator households.Beginning 1959, data include Alaska and Hawaii.Source: Department of Agriculture.


INTERNATIONAL STATISTICS

TABLE B-99.—International investment position of the United States at year-end, 1982-90


. Type ofinvestment

NET INTERNATIONAL INVESTMENT POSITION

OF THE UNITED STATES:

With direct investment at current cost...With direct investment at market value .

U.S. ASSETS ABROAD:With direct investment at current cost...With direct investment at market value .

U.S. official reserve assetsGold1

Special drawing rightsReserve position in the International

Monetary FundForeign currencies

U.S. Government assets other than officialreserves

U.S. credits and other long-term assets .Repayable in dollars . .Other

U.S. foreign currency holdings and U.S.short-term assets

U.S. private assets:With direct investment at current cost...With direct investment at market value .

Direct investment abroad:At current costAt market value

Foreign securitiesBondsCorporate stocks

U.S. claims on unaffiliated foreignersreported by U.S. nonbanking concerns....

U.S. claims reported by U.S. banks,not included elsewhere

FOREIGN ASSETS IN THE UNITED STATES:With direct investment at current cost...With direct investment at market value .

Foreign official assets in the United States ...U.S. Government securities

U.S. Treasury securitiesOther

Other U.S. Government liabilities... .U.S. liabilities reported by U.S. banks,

not included elsewhereOther foreign official assets

Other foreign assets in the United States:With direct investment at current cost...With direct investment at market value .

Direct investment in the United States:At current costAt market value

U.S. Treasury securitiesU.S. securities other than U.S. Treasury

securitiesCorporate and other bondsCorporate stocks

U.S. liabilities to unaffiliated foreignersreported by U.S. nonbanking concerns....

U.S. liabilities reported by U.S. banks,not included elsewhere

1982

364.0258.5

1,100.6954.9

143.4120.6

5.3

7.3102

74772.970919

1.8

882.5736.8

3740228375356718.6

28.6

4046

736.6696.4

189.1132.6124.9

77136

250179

547.5507.3

1732133.0258

93016.7763

27.5

2280

1983

285.0224.1

1,113.71,029.1

123.1100.5

5.0

11.363

79.677.876.018

1.8

910.9826.3

3579273383457525.9

35.1

4345

828.7804.9

194.5137.0129.7

73142

25517.7

634.2610.5

1813157.533.8

113817.5964

26.9

2783

1984

164.0111.0

1,104.61,022.3

105.08125.6

11.567

85082.981118

2.1

914.6832.2

35002676889619270

30.1

4456

940.7911.2

199.7144.7138.2

65150

26114.0

741.0711.5

2072177.7621

1285324961

31.0

3122

1985

64.364.5

1,173.91,174.8

117.98587.3

11.9129

87.885.884117

1.9

968.2969.1

379638051122729393

29.0

4474

1,109.51,110.3

202.5145.1138.4

6615.9

26714.9

907.0907.7

2272227.9880

207982.3

1256

29.5

3545

1986

-74.114.6

1,319.11,424.4

139.9102.4

8.4

11.7173

89.688.787.116

.9

1,089.61,194.9

41415194131781750.0

36.4

507.3

1,393.21,409.8

241.2178.9173.3

5618.0

27.916.4

1,152.01,168.6

26652832961

310914191689

26.9

4516

1987

-135.0-42.2

1,463.41,555.8

162.4127610.3

11.3131

88.687.686016

1.0

1,212.41,304.9

4852577.6146792054.7

31.1

549.5

1,598.41,598.1

283.0220.5213.7

6815.6

31.815.0

1,315.31,315.0

31603157826

346217051756

29.8

5407

1988

-306.0-150.6

1,533.71,707.5

144.2107.4

9.6

9.7174

85.684.983.415

.7

1,303.91,477.8

505.0678.8156894.062.7

34.2

608.0

1,839.71,858.1

321.9260.9253.0

8.015.1

31.514.4

1,517.81,536.2

3726391.01009

3956194.62010

35.0

6137

1989

-439.7-267.7

1,672.51,944.2

168.7105.210.0

9.044.6

84.283.782.21.5

.5

1,419.61,691.3

536.1807.7190.398.591.7

31.6

661.7

2,112.22,211.9

337.3265.7256.1

9.615.3

36.519.7

1,774.91,874.7

4337533.51345

4891228.52606

40.4

6771

1990

-412.2-360.6

1,764.11,880.1

174.7102.411.0

9.152.2

81.280.779.3

1.3

.5

1,508.21,624.2

598.1714.1222.3129.193.3

33.5

654.3

2,176.22,240.7

369.6296.0285.8

10.317.1

39.517.0

1,806.61,871.1

4659530.4134.4

475.1244.0231.2

44.1

687.0

1 Valued at market price.Note.—For details regarding these data, see Survey of Current Business, June 1991.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-100.—U.S. international transactions, 1946-91

[Millions of dollars; quarterly data seasonally adjusted, except as noted. Credits (.+), debits (-)]

Year orquarter

19461947194819491950195119521953195419551956195719581959196019611962196319641965196619671968196919701971197219731974.........19751976197719781979198019811982198319841985198619871988198919901989:

1...IIIllIV

1990:|IIIllIV

1991:I .IIIll '.

Merchandise12

Exports

11,76416,09713,26512,21310,20314,24313,44912,41212,92914,42417,55619,56216,41416,458

19,65020,10820,78122,27225,50126,46129,31030,66633,62636,414

42,46943,31949,38171,41098,306

107,088114,745120,816142,054184,473224,269237,085211,198201,820219,900215,935223,367250,266320,337361,451389,550

87,20791,60990,14292,493

95,24497,08896,638

100,580

100,900104,245104,532

Imports

-5,067-5,973-7,557-6,874

-9,081-11,176-10,838-10,975-10,353-11,527-12,803-13,291-12,952-15,310

-14,758-14,537-16,260-17,048-18,700-21,510-25,493-26,866-32,991-35,807

-39,866-45,579-55,797-70,499

-103,811-98,185

-124,228-151,907-176,001-212,009-249,750-265,063-247,642-268,900--332,422-338,083-368,425-409,766-447,323-477,368-497,665

-116,625-120,309-119,330-121,104

-122,781-121,178-125,398-128,308

-119,294-119,636-125,018

Net

6,69710,1245,7085,3391,1223,0672,6111,4372,5762,8974,7536,2713,4621,1484,8925,5714,5215,2246,8014,9513,8173,800

635607

2,603-2,260-6,416

911-5,505

8,903-9,483

-31,091-33,947-27,536-25,481-27,978-36,444-67,080

^112,522-122,148-145,058-159,500-126,986-115,917-108,115

-29,418-28,700-29,188-28,611

-27,537-24,090-28,760-27,728

-18,394-15,391-20,486

Services

Netmilitarytransac-tions8*

-424-358-351-410-56169528

1,753902

-113-221-423-849-831

-1,057-1,131

-912-742-794-487

-1,043-1,187

-596-718-641

6531,072

740165

1,461931

1,731857

-1,313-1,822

-844112

-163-2,147-4,096-4,907-3,662-5,743-6,204-7,220

-1715-1,634-1,161-1,693

-1,737-1,558-1,683-2,243

-2,329-1,484-1,168

Nettraveland

transpor-tation

receipts

733946374230

-12029883

-238-269-297-361-189-633-821-964-978

-1,152-1,309-1,146-1,280-1,331-1,750-1,548-1,763

-2,038-2,345-3,063-3,158-3,184-2,812-2,558-3.565-3,573-2,935

-997144

-992-4,227-9,153

-10,788-8,939-8,006-3,844

2,6214,140

261443652

1,265

941834479

1,885

2,0562,5212,607

ftthuruUIciservices,

net

310145175208242254309307305299447482486573639732912

1,0361,1611,4801,4971,7421,7591,9642,3302,6492,9653,4064,2314.8545,0275.6806,8797,2518,912

12,55212,98113,85914,04214,00818,55118,01219,92525,99829,456

59406,3746,7726,911

6,6957,3227,6077,832

7,3457,9098,023

Investment income

Receiptson U.S.assetsabroad

7721,1021,9211,8312,0682,6332,7512,7362,9293,4063,8374,1803,7904,1324,6164,9995,6186,1576,8247,4377,5288,0219,367

10,91311,74812,70714,76521,80827,58725,35129,28632,17841,82463,09671,38884,97585,34681,97292,93582,28280,98290,536

110,669128,651130,091

30,97432,30032,21733,159

31,95931,31432,01234,805

32,72928,28728,805

Paymentson foreignassets in

U.S.8

-212-245-^437-476-559-583-555-624-582-676-735-796-825

-1,061

-1,238-1,245-1,324-1,560-1,783-2,088-2,481-2,747-3,378-4,869

-5,515-5,435-6,572-9,655

-12,084-12,564-13,311-14,217-21,680-32,961-42,532-53,626-57,097-54,549-69,542-66,115-70,013-82,908

-105,317-125,963-118,146

-30,074-33,484-31,718-30,687

-28,957-31,307-29,210-28,672

-27,846-25,942-26,303

Net

560857

1,4841,3551,5092,0502,1962,1122,3472,7303,1023,3842,9653,0713,3793,7554,2944,5965,0415,3505,0475,2745,9906,044

6,2337,2728,192

12,15315,50312,78715,97517,96120,14430,13628,85631,34928,25027,42323,39416,16610,9697,6295,3532,688

11,945

900-1,184

4992,472

3,0027

2,8026,133

4,8832,3452,502

Balanceon goods,services,

andincome

7,87611,7147,3906,7222,6975,8385,7275,3715,8615,5167,7209,5255,4313,1406,8867,9497,6648,806

11,06310,0147,9877,8786,2406,1358,4865,9692,749

14,05311,21025,1919,894

-9,285-9,639

5,6039,467

15,2233,907

-30,188-86,385

-106,859-129,384-145,527-111,294-90,814-69,794

-24,032-24,701-22,426-19,656

-18,635-17,485-19,555-14,122

-6,438-4,101-8,522

Unilateraltransfers,

net 4

-2,991-2,722-4,973-5,849-4,537-4,954-5,113-6,657-5,642-5,086-4,990-4,763-4,647-4,422

-4,062-4,127-4,277-4,392-4,240-4,583-4,955-5,294-5,629-5,735

-6,156-7,402-8,544-6,913

* -9,249-7,075-5,686-5,226-5,788-6,593-8,349-8,331-9,775-9,956

-12,621-15,473-16,009-14,674-14,943-15,491-22,329

-3,547-3,107-3,794-5,044

-4,032-4,693-4,326-9,280

16,9397,129

-1,937

Balanceon

currentaccount

4,8858,9922,417

873-1,840

884614

-1,286219430

2,7304,762

784-1,282

2,8243,8223,3874,4146,8235,4313,0312,583

611399

2,331-1,433-5,795

7,1401,962

18,1164,207

-14,511-15,427

-9911,1196,892

-5,868-40,143-99,006

-122,332-145,393-160,201-126,236-106,305-92,123

-27,579-27,808-26,220-24,700

-22,667-22,178-23,881-23,402

10,5013,028

-10,459

1 Excludes military.2 Adjusted from Census data for differences in valuation, coverage, and timing.3 Quarterly data are not seasonally adjusted.4 Includes transfers of goods and services under U.S. military grant programs.See next page for continuation of table.


TABLE B-100.—U.S. international transactions, 1946-91—Continued

[Millions of dollars; quarterly data seasonally adjusted, except as noted]

Year orquarter

19461947194819491950195119521953195419551956195719581959.1960...1961196219631964.1965196619671968196919701971197219731974197519761977197819791980198119821983.19841985198619871988198919901989:1

I I . .IllIV

1990:1.....||HIIV

1991:1 . .IIIll P

U.S. assets abroad, net[increase/capital outflow (-)]

Total

-4,099-5,538-4,174-7,270

9560-5,716-7,321-9,757

-10,977-11,585-9,337

-12,475-14,497-22,874-34,745

39703-5U69-34,785-61,130-64,331

-86,118-110,951-124,490

56100-31,070-27,721-92,030

62937-86,057

-128,610-57,706-37,576-4,270

-45,743-41,021

37,147-33,462-26,689-34,703

-923-14,982-11,971

U.S.officialreserve

assets36

623-3315

1736-2661,758

33415

1,256480182869

11652,2921,0352,145

6071,535

378171

1,22557053

-870-1,179

2,4812,349-4158

-1,467849

-2,558375732

-1,133-8,155-5,175-4,965-1,196-3,131

3858'312

9,149-3,912

-25,293-2,158

400012095

-5,9%-3,202

3177371

1,739-1,091

-3531,0143,877

OtherU.S.

Govern-mentassets

-1,100-910

-1,085-1,662-1,680-1,605-1,543-2,423-2,274-2,200

-1,589-1,884-1,568-2,644

5 3663474

-4,2143693

-4,660-3,746-5,162-5,097-6,131-5,006-5,489

2 821-2,022

1,0062,9661,3202,976

928-292

564119

-669-800-3144,7591,422-4932,715

U.S.privateassets

5144-5,235

4623-5,986

8050-5,336

6347-7,386

7833-8,206

-10,22912940

-12,925-20,388-33,643-35,380-44,498-30,717

57202-59,453-72,802

-100,679-113,394-49,898-22,451-21,043-90,321-73,091

85111-104i637-58,524

345048,117

-40,3113793840,993

-33,03328114

-38,370

-1,992-15,503-18,564

Foreign assets in the U.S., net[increase/capital inflow ( + )]3

Total

2,2942,7051,9113,2173,643

7423,6617,3799,928

12,702

6,35922,97021,46118,38834,24115,67036,51851,31964,03638,752

58,11283,03293,74684,869

102,621130,012221,599229,828221,534216,54986,30369,5572,498

74,25570,238

-33,08231,25749,09639,033-7293,503

22,816

Foreignofficialassets

1,473765

1,2701,9861,660

134672

3,451-774

-1,301

6,90826,87910,4756,026

10,5467,027

17,69336,81633,678

-13,66515,4974,9603,5935,8453,140

-1,08335,58845,34339,6578,624

32,4257,766

-5,03813,0537 158

-7,0225,805

13,34120,3016,631

-3,1054,309

Otherforeignassets

8211,939

6411,2311,983

6074,3333,928

10,70314,002

-550-3,90910,98612,36223,6968,643

18,82614,50330,35852,41642,61578,07290,15479,02399,481

131,096186,011184,485181,877207,92553,87961,7917,536

61,20277,396

-26,05925,45235,75418,732

-7,3616,608

18,507

Alloca-tions ofspecialdrawingrights(SDRs)

867717710

1,1391,1521,093

ZZZI

Statisticaldiscrepancy

Total(sum of

the itemswith signreversed)

-1,019-9891 124'360

-907457629205438

-1,516219

-9,779-1,879-2,654-1,458

5,91710,544

-2,02312,52125,43125,73619,93436,61211,37427,45620,04115,824

-6,690-9,24018,36663,526

-4,40229,580

-2,292-4,51718,60124,383

1,47519,072

-8,8498,451-386

Of which:Seasonaladjust-ment

discrep-ancy

EEE

4,066-78063793,0964,367

105-6,473

2,007

3,995166

-6,059

5 Includes extraordinary U.S. Government transactions with India.8 Consists of gold, special drawing rights, foreign currencies, and the U.S. reserve position in the International Monetary Fund (IMF).Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-101.—£7.5". merchandise exports and imports by principal end-use category, 1965-91

[Billions of dollars; quarterly data seasonally adjusted]

Year orquarter

19651966196719681969

197019711972 ..19731974

197519761977 .1978 1

1979

19801981198219831984

19851986198719881989

1990

1989: 1III I IIV

1990: 1liIllIV

1991:1IIIll"

Exports

Total

26.529.330.733.636.4

42.543.349.471.498.3

107.1114.7120.8142.1184.5

224.3237.1211.2201.8219.9

215.9223.4250.3320.3361.5

389.6

87.291.690.192.5

95.297.196.6

100.6

100.9104.2104.5

Agri-cultur-

alprod-ucts

6.36.96.56.36.1

7.47.89.5

18.022.4

22.223.424.329.935.6

42.244.037.237.138.4

29.627.429.538.242.2

40.2

10.710.810.110.5

10.710.29.89.5

9.99.6

10.2

Nonagricultural products

Total

20.222.424.227.330.3

35.135.539.953.475.9

84.891.496.5

112.2148.9

182.1193.0174.01647181.5

186.4196.0220.7282.1319.3

349.3

76.580.880.082.0

84.586.986.891.1

91.094.794.4

Indus-trial

suppliesand

mate-rials

7.68.28.59.6

10.3

12.310.911.917.026.3

26.828.429.834.052.1

65.363.858.052.956.8

54.859.463.682.691.9

96.7

22.323.823.222.7

23.123.223.926.5

26.325.425.1

Capitalgoodsexcept

automo-tive

8.18.99.9

11.112.4

14.715.416.922.030.9

36.639.139.847.360.0

76.383.976.071.377.0

79.682.992.4

119.0139.3

153.8

32.735.035.935.8

37.838.838.339.0

39.042.641.6

Auto-motive

1.92.42.83.53.9

3.94.75.56.98.6

10.612.113.415.718.3

17.419.717.418.622.6

25.125.328.133.934.9

37.4

8.88.88.49.0

8.99.79.69.3

8.510.111.2

Other

2.62.93.03.23.7

4.34.55.67.6

10.0

10.811.713.515.218.5

23.225.622.521.825.1

26.828.336.646.653.1

61.4

12.813.212.514.5

14.815.215.116.4

17.216.516.5

Imports

Total

21.525.526.933.035.8

39.945.655.870.5

103.8

98.2124.2151.9176.0212.0

249.8265.1247.6268.9332.4

338.1368.4409.8447.3477.4

497.7

116.6120.3119.3121.1

122.8121.2125.4128.3

119.3119.6125.0

Petro-leumand

prod-ucts

2.02.12.12.42.6

2.93.74.78.4

26.6

27.034.645.042.661.0

79.478.662.055.358.0

51.334.442.939.650.9

62.1

11.013.613.113.3

15.812.815.518.0

13.212.913.0

Nonpetroleum products

Total

19.523.424.830.633.2

36.941.951.162.177.2

71.289.7

106.9133.4151.1

170.4186.5185.6213.6274.4

286.8334.0366.8407.7426.4

435.6

105.6106.8106.3107.8

107.0108.4109.9110.3

106.1106.7112.0

Indus-trial

suppliesand

mate-rials

9.110.210.012.011.8

12.413.816.319.627.8

24.029.835.740.647.5

52.956.448.953.966.0

62.469.970.883.184.2

82.5

21.421.320.620.9

20.220.520.821.0

20.120.220.1

Capitalgoodsexcept

automo-tive

1.52.22.52.83.4

4.04.35.98.39.8

10.212.314.019.424.5

31.436.938.443.260.5

61.472.185.1

102.2112.5

116.4

26.828.428.229.0

28.428.929.130.0

29.830.330.5

Auto-motive

0.91.82.44.04.9

5.57.48.7

10.312.0

11.716.218.625.026.5

28.130.934.043.256.6

65.178.185.287.987.4

87.3

23.321.821.321.0

21.421.822.621.5

20.519.723.0

Other

8.09.29.9

11.813.0

15.016.420.223.927.5

25.331.438.648.452.6

58.062.364.373.391.4

97.9113.9125.7134.5142.4

149.3

34.135.336.136.9

37.037.137.537.8

35.736.638.4

1 End-use categories beginning 1978 are not strictly comparable with data for earlier periods. See Survey of Current Business, June 1988.

Note.—Data are on an international transactions basis and exclude military.In June 1990, end-use categories for merchandise exports were redefined to include reexports; beginning with data for 1978 reexports

(exports of foreign merchandise) are assigned to detailed end-use categories in the same manner as exports of domestic merchandise.



TABLE B-102.—U.S. merchandise exports and imports by area, 1982-91


Item

Exports

Industrial countries

CanadaJapanWestern EuropeAustralia, New Zealand,

and South Africa

Australia ..

Other countries, exceptEastern Europe

OPEC8

Other3

Eastern Europe

Internationalorganizations andunallocated

Imports



and South Africa

Australia


OPEC2

Other3

Eastern Europe

Internationalorganizations andunallocated ...

Balance (excess ofexports + )



and South Africa

Australia


OPEC2

Other3

Eastern Europe

Internationalorganizations andunallocated ..

1982

211.2

127.3

39.2207597

7.7

44

801

207595

37

1

247.6

1441

48537.7529

5.0

2.3

1024

3157091 1

o

364

169

-931706.8

2.6

21

-22.3

109114

27

0

1983

201.8

128.4

44.521.8554

6.6

3.9

704

15.3552

3.0

.1

268.9

1599

56042.855.6

5.4

2.3

1076

253823

14

0

67 1

31 5

11521 1-.2

1.2

16

-37.2

10027 1

16

1

1984

219.9

141.0

53.0232569

7.8

48

746

138608

43

.0

332.4

2055

67660.2721

5.6

2.7

1247

269978

22

1125

64 5

14637 0

-15.2

2.2

21

-50.1

131370

2 1

o

1985

215.9

140.5

55.422.1560

7.0

51

720

114606

33

.2

338.1

2191

70465.7775

5.6

2.7

1171

227945

18

1221

78 6

15043 5

-21.4

1.4

24

-45.2

113339

14

2

1986

223.4

150.3

56.526.4604

7.1

5.1

710

10.4606

2.1

368.4

2454

69.780.8890

5.9

2.6

121 1

1891022

20

1451

95 0

132544

-28.6

1.1

25

-50.1

85416

1

1987

250.3

165.6

62.027.668.6

7.4

5.3

82.4

10.7717

2.3

409.8

2597

73.684.696.1

5.4

3.0

1482

2441238

19

1595

94 0

11657 0

-27.5

2.0

23

-65.8

137521

3

1988

320.3

207.3

74.337.286.4

9.4

6.8

109.1

13.895.3

3.8

.1

447.3

2834

84.789.8

102.6

6.2

3.5

161.8

230138.8

22

1270

760

-104526

-16.2

3.2

33

-52.7

93434

17

1

1989

361.5

233.8

80.743.998.4

10.9

8.1

121.9

13.1108.9

5.5

.2

477.4

2925

89.993.5

102.4

6.6

3.9

182.8

307152.1

21

1159

587

-9.3497

-4,0

4.2

4.2

-60.9

176432

35

2

1990

389.6

254.1

83.648.0

111.4

11.2

8.3

130.6

13.4117.2

4.3

.6

497.7

299.3

93.089.7

109.3

7.3

4.4

196.1

380158.1

2.3

1081

452

-9.54172.1

3.8

3.9

-65.6

246409

21

.6

1991 first3 quartersat annual

rate1

412.9

260.0

84.847.7

116.3

11.2

8.0

147.9

17.8130.2

4.5

.4

485.3

291.8

92.990.2

101.4

7.3

4.2

191.7

33.3158.4

1.8

-724

31 8

8.042614.9

3.9

3.8

-43.7

155-282

27

.4

1 Preliminary; seasonally adjusted.2 Organization of Petroleum Exporting Countries, consisting of Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria,

Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.3 Latin America, other Western Hemisphere, and other countries in Asia and Africa, less members of OPEC.Note.—Data are on an international transactions basis and exclude military.Source: Department of Commerce, Bureau of Economic Analysis.


TABLE B-103.—U.S. merchandise exports, imports, and trade balance, 1972-91[Billions of dollars; monthly data seasonally adjusted]

Year ormonth

197219731974

1974197519761977197819791980

1981198219831984198519861987....1988198919901990:

JanFebMarAprMayJuneJulyAugSeptOct.NovDec

1991:JanFebMarAprMayJuneJulyAugSeptOctNov

Merchandise exports (f.a.s. value) l

Total 2

Principal end-use commodity category

Foods,feeds,andbev-er-

ages

In-dus-trialsup-pliesandma-teri-als

Cap-ital

goodsex-ceptauto-mo-tive

Auto-mo-tivevehi-cles,parts,anden-

gines

Con-sum-

erBOOdS(non-food)

ex-ceptauto-mo-tive

Other2

General merchandise imports (customs value) 3

Total

Principal end-use commodity category

Foods,feeds,andbev-er-

ages

In-dus-trialsup-pliesandma-teri-als

Cap-ital

goodsex-ceptauto-mo-tiwp

Auto-mo-tivevehi-cles,parts,anden-

gines

Con-sum-

er

.ex-ceptauto-mo-tive

Other

F.a.s. value 5 Customs value

49971.999.4

9941089116.81232145818642256

238.7216.4205.6224.0

7 218.87 227.2

254.1322.4363.8393.6

31.531.733.132.132.633.832.232.532.234.633.633.6

34.133.634.035.635.335.035.234.435.337.137.5

31.330.931.524.022.324.332.337.235.1

3.23.03.23.03.03.32.82971?6?92.6

2.73.13029302.93.12 93.03.23.4

61.756.761.758.557.366.785.199.3

104.4

8.68.08.68.48.38.48.1878899959.2

9.59.7899?948.79.1918.59.38.9

72.767.272.073.975.886.2

109.?138.8152.7

11.912.912.712.512.713.412.712 612 6131

13.2

13.012.413514413714.413.713414.314,415.3

15.716.820.622.921.7?4.6?9.334.837.4

- 2 . 63.03.43.13.43.33.131

3,43?2.8

3.12.6?934353.53.63.?3.63.83.7

14.313.413.312.614.217.7

36.443.3

3.43.33.53.53.63.93.7353539373.8

3.93.93838383.73.73.73.84.24.1

20.720.524.027.335.934.643.417.220.7

1.81.51.81.61.71.61.81.61.71.81.91.9

1.91.919192.01.92.12.02.12.22.1

55669.5

103.3

F.a.s. value 5

1026985

123.51504174820952449

Customs value

2610244.0258.0

•330.7• 336.5

365.4406.2441.0473.2495.3

41.639.241.739.740.840.241.441.941.344.543.139.9

41.539.138.140.140.138.841.240.942.343.441.0

17.118.221.021.9?4.4748?4825.126.6

2.32.22.42.32.32.22.22 177772.12.2

2.22.12.12.42.32.32.32.12.?2.22.2

112.0107.0123.7113.9101.3111.0118.3132.3143.2

12.811.511.710.611.510.911.1

12.413.513.411.6

12.210.810.111.011.310.510.810.911.211.210.7

35.440.959.865.171.884.5

101.4113.3116.4

9.79.09.69.79.69.6

10.09.79.4

10.310.09.8

9.99.99.9

10.410.19.8

10.49.9

10.310.69.7

33.340.853.566.878.285.287.786.187.3

6.66.98.07.27.37.47.67.77.27.77.16.6

7.36.76.66.76.56.67.28.07.67.97.1

39.744.960.068.379.488.795.9

102.9105.7

9.08.38.88.78.88.69.18.98.69.49.08.3

8.68.58.08.58.48.19.38.79.6

10.39.9

6.56.37.89.4

10.412.112.813.616.1

1.21.21.31.21.31.41.31.31.61.41.51.3

1.31.21.31.31.51.41.31.31.31.41.4

n__

eralmer-chan-diseim-

ports

value)4

58973.2

110.9

11091059132.5160.4186.022222570

273.4254.9269.9346.4352.5382.3424.4459.5493.2517.0

43.540.943.641.542.641.943.343.743.146.445.041.6

43.440.939.842.041.840.443.042.744.145.242.7

Trade balance

Ex-ports

(f.a.s.)lessim-

ports(cus-tomsval-ue;

572.4

-3.9

31104

-6.7-27.2-28.9-231-193

-22.3-27.5-52.4

-106.7-117.7-138.3-152.1-118.5-109.4-101.7

-10.1-7.5-8.6-7.6-8.1-6.3-9.2-9.4-9.1-9.9-9.5-6.3

-7.4-5.5-4.1-4.5-4.8-3.8-5.9-6.5-6.9-6.3-3.6

Ex-ports

(f.a.s.)lessim-

ports

90-1.3

-11.4

-11430

-15.7-37.2-40.2-359-314

-34.6-38.4-64.2

-122.4-133.6-155.1-170.3-137.1-129.4-123.4

-12.0-9.2

-10.5-9.4

-10.0-8.1

-11.1-11.2-10.8-11.7-11.4-8.0

-9.2-7.3-5.8-6.4-6.6-5.5-7.8-8.3-8.8.-8.1-5.3

1 Department of Defense shipments of grant-aid military supplies and equipment under the Military Assistance Program are excludedfrom total exports through 1985 and included beginning 1986.2 Includes undocumented exports to Canada through 1988. Beginning 1989, undocumented exports to Canada are included in theappropriate end-use category.

3 Total arrivals of imported goods other than intransit shipments.4 C.i.f. (cost, insurance, and freight) import value at first port of entry into United States. Data for 1967-73 are estimates.6 F.a.s. (free alongside ship) value basis at U.S. port of exportation for exports and at foreign port of exportation for imports.6 Total includes revisions not reflected in detail.7 Total exports are on a revised statistical month basis; end-use categories are on a statistical month basis.Note.—Data are as reported by the Bureau of the Census adjusted to include silver ore and bullion reported separately prior to 1969.

Trade in gold is included beginning 1974. Export statistics cover all merchandise shipped from the U.S. customs area, except suppliesfor the U.S. Armed Forces. Exports include shipments under Agency for International Development and Food for Peace programs as wellas other private relief shipments.

Data beginning 1974 include trade of the U.S. Virgin Islands.Source: Department of Commerce, Bureau of the Census.


TABLE B-104.—International reserves, selected years, 1952-91

[Millions of SDRs; end of period]

Area and country

All countries

Industrial countries *

United StatesCanadaAustraliaJapanNew Zealand

AustriaBelgium - ....DenmarkFinlandFrance

Germany .GreeceIcelandIrelandItalyNetherlands.

NorwayPortugalSpainSwedenSwitzerlandUnited Kingdom ....

Developing countries: Total 2

By area:

AfricaAsia z

Europe 3

Middle EastWestern Hemisphere

Memo:

Oil-exporting countriesNon-oil developing countries 2

1952

49388

39,280

247141,944

9201101

183

1161,133

150132686

96094

8318722953

164603134504

16671956

9,648

17863793

2691,1832616

16997949

1962

62851

53,502

172202,56111682021

251

1,0811753

256237

4049

6,958287

32359

40681943

304680

1,045802

29193308

9349

2 1102772

38118052282

20307319

1972

146 658

113,362

121125,5725,656

16916767

2,5053564

787664

9224

21,908950

78103856054407

1,22021294,618145369615201

33295

39628129268094369089

995623339

1982

361,253

214,014

299183,4286,053

22001577

5,5444,75721111,420

17,850

43,909916133

23901510810,723

6,27211797,4503397

1693011904

147,239

7734444905359

6409425563

67 16380076

1988

576,103

381,104

3647112,03710,383727272,108

6,2158,11380574,801

21,713

46,8242808

2183,793

2813113,483

9,9014372

28,0416,523

2090033,438

195,000

7815112 1621001341,64423366

42993152 006

1989

624 146

410,113

5752512,78110,763647352,303

7,2669,25049253,959

21592

49,5272572

2583100

3788414,100

10,5318135

32,1047487

2214827,121

214,033

9460121 6901493142,28825664

44363169 670

1990

670 780

441,924

5995813,06011,710560272,902

7,3059,59975026,849

28,716

51,0602517

3083,684

4656513,827

10,8191073636,55512,8562345625,864

228,856

11935128 8261564138,01134443

43930184926

19

Nov

695,275

428,867

5522513,01712,250521792,391

7,944

53723,690

24,969

47,8793,910

2483,913

4004413,874

9,19314,70146,33610,6432198729,963

266,407

13337153,2791531642,32742,148

48446217,961

H

Dec

55,77011,81611,83751,224

7,924

5,234

46,9963,857

3164,017

36,36513,980

9,292

46,562

23,19129,948

1 Includes data for Luxembourg.2 Includes data for Taiwan Province of China.3 As of this Report, data include Czechoslovakia.

Note.—International reserves is comprised of monetary authorities' holdings of gold (at SDR 35 per ounce), special drawing rights(SDRs), reserve positions in the International Monetary Fund, and foreign exchange. Data exclude U.S.S.R., other Eastern Europeancountries, and Cuba (after 1960).

U.S. dollars per SDR (end of period) are: 1952 and 1962—1.00000; 1972—1.08571; 1982—1.10311; 1988—1.34570; 1989—1.31416; 1990—1.42266; November 1991—1.38072; and December 1991—1.43043.

Source: International Monetary Fund, International Financial Statistics.


TABLE B-105.—Industrial production and consumer prices, major industrial countries, 1967-91

Year or quarter

19671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989 ... .1990 *1991 "1990-1

IIIllIV

1991- 1IIIllIV*

1967 .196819691970 ..1971197219731974197519761977197819791980198119821983 .1984198519861987198819891990 .19911990- 1

IIIllIV

1991- 1||IllIV

UnitedStates Canada Japan

EuropeanCommu-nity1

France Germany 2 Italy UnitedKingdom

Industrial production (1987= 100) 3

57.560.763.561.462.268.373.872.766.372.478.282.685.784.185.781.984.992.894.495.3100.0105.4108.1109.21071108.3109.4110.5108.5105.8106.4108.1108.0

51.154.358.158.862.066.773.876.171.676.079.382.186.183.184.876.581.591.496.595.4100.0105.5105.3100.8

102.3101.9101.197.795.596.897.9

36.241.748.355.056.559.667.966.459.466.068.673.078.181.782.682.985.593.496.896.6100.0109.3115.7121.3

117.5120.0123.1124.5124.5124.1124.3

59.363.769.673.174.778.083.784.378.784.586.695.493.192.891.189.990.892.895.898.0100.0104.3108.2110.2

109.3109.3110.1110.0110.0109.7

61626972778187908390929499

98.998.397.396.597.197.298.0100.0104.7108.9110.2

109.4110.3112.1109.8110.2110.8

57.662.970.975.577.079.985.084.879.686.888.090.494.795.093.290.390.993.597.799.6100.0103.9108.7114.6

112.4112.6116.2116.6118.6118.7117.7

58.561.964.268.368.070.877.781.273.782.983.885.491.196.294.891.888.891.892.996.2100.0105.9109.2109.2

110.3108.5110.1108.0108.4106.2105.9

70.575.978.578.978.579.987.085.480.883.487.690.193.687.584.886.489.689.794.696.9100.0103.6104.0103.3

103.9105.9102.8101.0100.899.5100.6

Consumer prices (1982-84=100)

33.434.836.738.840.541.844.449.353.856.960.665.272.682.490.996.599.6103.9107.6109.6113.6118.3124.0130.7136.2128.0129.3131.6133.7134.8135.6136.7137.7

31.332.534.035.136.137.940.745.250.153.858.163.369.176.185.694.9100.4104.8108.9113.4118.4123.2129.3135.5143.1133.3134.6136.0137.9141.9143.0143.8143.6

32.234.035.838.540.942.947.959.066.072.178.081.384.390.995.498.099.9102.1104.2104.9105.0105.7108.1111.4

109.6111.1111.6113,5114.1115.0115.0

23.224.025.026.328.029.832.437.042.447.653.558.665.074.083.192.2100.2107.5114.2118.5122.5126.9133.7141.3

138.0140.5142.2144.4145.9147.7149.4

24.625.727.428.730.332.234.539.343.948.152.757.563.672.281.891.7100.3108.0114.3117.2121.1124.4128.9133.2137.2131.2132.3133.7135.0135.7136.6137.7138.9

49.350.151.052.955.658.762.867.271.274.276.979.082.386.892.297.0100.3102.7104.9104.7104.9106.3109.2112.1116.0111.2111.8112.3113.3114.2115.2116.9117.7

16.016.216.616.817.618.720.624.628.833.640.145.152.163.275.487.7100.8111.5121.1128.5134.4141.1150.4159.6169.8156.3158.1160.3163.5166.6168.9170.5173.5

18.519.420.421.823.825.527.932.340.246.854.258.766.678.587.995.499.8104.8111.1114.9119.7125.6135.4148.2156.9141.4148.0150.5152.8153.7156.9157.6159.2

1 Consists of Belgium-Luxembourg, Denmark, France, Greece, Ireland, Italy, Netherlands, United Kingdom, Germany, Portugal, andSpain. Industrial production prior to July 1981 excludes data for Greece, which joined the EC in 1981. Data for Portugal and Spain,which became members on January 1,1986 are excluded prior to 1982.2 Former West Germany.3 All data exclude construction. Quarterly data are seasonally adjusted.

Sources: National sources as reported by Department of Commerce (International Trade Administration, Office of Finance, Industryand Trade Information, Industry and Trade Statistics Division), Department of Labor (Bureau of Labor Statistics), and Board ofGovernors of the Federal Reserve System.


TABLE B-106.—Civilian unemployment rate, and hourly compensation, major industrial countries,

1965-91

[Quarterly data seasonally adjusted]

Year or quarter

196519661967196819691970197119721973 . . . . .19741975197619771978197919801981198219831984198519861987198819891990 . ..19911990:1

IIIllIV

1991:1IIIIIIV

196519661967196819691970197119721973 ....1974197519761977....1978197919801981198219831984198519861987198819891990

UnitedStates Canada Japan France Germany 1 Italy United

Kingdom

Civilian unemployment rate (percent)2

4.53.83.83.63.54.95.95.64.95.68.57.77.16.15.87.17.69.79.67.57.27.0

' 6.25.55.35.5675.25.35.66.06.56.76.86.9

3.63.43.84.54.45.76.26.25.55.36.97.18.18.37.47.57.5

11.011.811.210.59.58.87.87.58.1

"10.37.57.58.39.1

10.110.310.410.3

1.21.41.31.21.11.21.31.41.31.41.92.02.02.32.12.02.22.42.72.82.62.82.92.52.32.1

2.12.12.12.22.12.12.2

1.61.62.12.72.32.52.82.92.82.94.14.55.15.36.06.47.68.38.5

10.010.410.610.710.29.69.2

9.29.19.19.29.49.8

10.0

0.3.3

1.31.1.6.5.6

'.71.63.43.43.43.32.92.84.05.6

3 6.97.17.26.66.3

"6.3"5.7"5.2"46

5.45.35.14.84.64.64.64.5

3.53.73.43.53.53.23.33.83.73.13.43.94.14.14.44.44.95.45.95.96.0

"7.57.97.97.8

"7.0

7.46.86.96.96.97.06.7

2.12.33.33.23.13.13.94.23.23.14.65.96.46.35.47.0

10.511.311.811.811.211.210.38.6

"7.1"6.9"9.4

6.76.86.97.38.29.2

10.010.3

Manufacturing hourly compensation in U.S. dollars ( 1982= 100) 4

26.227.428.931.033.435.837.939.842.947.753.457.962.968.274.883.791.8

100.0102.6105.9111.1116.2118.9122.9127.7131.8

22.824.726.128.230.433.937.741.344.352.257.367.769.569.874.883.093.1

100.0106.2105.9105.6107.8116.3130.5144.3156.7

8.59.3

10.512.214.617.420.727.337.445.652.156.268.694.095.598.3

107.6100.0107.7111.0115.0171.2204.0234.5230.8231.1

15.516.417.619.820.121.224.028.937.841.457.359.365.681.097.3

113.5102.0100.095.390.495.6

129.3154.7159.7155.3189.1

13.214.315.216.318.122.927.032.544.251.659.762.974.592.8

109.1119.3102.2100.099.993.996.0

135.6171.4182.1178.3221.8

15.116.017.718.920.625.129.434.941.248.160.559.065.778.897.4

111.1100.9100.0104.3103.5107.0142.7173.3179.9186.9237,3

15.817.117.316.217.620.424.028.431.736.345.943.147.160.579.7

106.1105.9100.092.787.491.0

111.5133.0152.4153.5186.6

1 Former West Germany.2 Civilian unemployment rates, approximating U.S. concepts. Quarterly data for France, Germany, and United Kingdom should be

viewed as less precise indicators of unemployment under U.S. concepts than the annual data. Many Italians reported as unemployed didnot actively seek work in the past 30 days, and they have been excluded for comparability with U.S. concepts. Inclusion of such personswould about double the unemployment rate for Italy through 1985, and increase it to 11-12 percent for 1986 forward.

'There are breaks in the series for Germany (1983) and Italy (1986). Based on the prior series, the rate for Germany was 7.4percent in 1983 and the rate for Italy was 6.3 percent in 1986.4 Hourly compensation in manufacturing, U.S. dollar basis. Data relate to all employed persons (wage and salary earners and the self-employed) in the United States and Canada, and to all employees (wage and salary earners) in the other countries. For France andUnited Kingdom, compensation adjusted to include changes in employment taxes that are not compensation to employees, but are laborcosts to employers.



TABLE B-107.—Foreign exchange rates, 1967-91

[Currency units per U.S. dollar, except as noted]

Period

March 1973

19671968196919701971197219731974197519761977197819791980198119821983 ..19841985 .1986198719881989199019911990-1

IIIllIV

1991- 1II..IllIV

March 1973

196719681969197019711972197319741975197619771978 ...19791980 .19811982 . .1983.198419851986 .1987198819891990 .19911990- 1

IIIllIV

1991:1||IIIIV

Belgium(franc)

39.408

49.68949.93650.14249.65648.59844.02038.95538.95936.80038.60935.84931.49529.34229.23837.19545.78151.12357.75259.33744.66437.35836.78539.40933.42434.19535.29434.59432.75931.02331.62635.65835.87033.482

Netherlands(guilder)

2.8714

3.60243.61983.62403.61663.49533.20982.79462.68792.52932.64492.45482.16432.00731.98752.49992.67192.85443.20853.31852.44852.02641.97782.12191.82151.87201.90641.88751.79471.69551.73121.95331.96331.8322

Canada(dollar)

0.9967

1.07891.07761.07691.04441.0099.99071.0002.97801.0175.98631.06331.14051.17131.16931.19901.23441.23251.29521.36591.38961.32591.23061.18421.16681.14601.18231.17071.15301.16121.15611.14931.14401.1350

Sweden(krona)

4.4294

5.16215.16835.17015.18625.10514.75714.36194.43874.15314.35804.48024.52074.28934.23105.06606.28397.67188.27088.60327.12736.34696.13706.45595.92316.05216.15826.08675.82995.61365.70296.22606.32395.9357

France(franc)

4.5156

4.92064.95295.19995.52885.51005.04444.45354.81074.28774.78254.91614.50914.25674.22515.43976.57947.62048.73568.98006.92576.0122595956.38025.44675.64685.73585.64065.33965.06615.22295.87155-92025.5497

Switzerland(franc)

3.2171

4.32834.31634.31314.31064.11713.81863.16882.98052.58392.50022.40651.79071.66441.67721.96752.03272.10072.35002.45521.79791.49181.46431.63691.39011.43561.50701.44351.33561.27361.31191.47401.51731.4335

Germany(mark)

2.8132

3.98653.99203.92513.64653.48303.18862.67152.58682.46142.51852.32362.00971.83431.81752.26322.42812.55392.84552.94202.17051.79811.75701.88081.61661.66101.69161.67731.59261.50331.53571.73361.74211.6256

United Kingdom(pound) l

247.24

275.04239.35239.01239.59244.42250.34245.25234.03222.17180.48174.49191.84212.24232.46202.43174.80151.59133.68129.74146.77163.98178.13163.82178.41176.74165.55167.50186.42194.39190.48170.95168.61177.57

Italy(lira)

568.17

624.09623.38627.32627.12618.34583.70582.41650.81653.10833.58882.78849.13831.11856.211138.581354.001519.321756.111908.881491.161297.031302.391372.281198.271241.281254.811231.811176.031129.711150.421286.271300.751222.85

Japan(yen)

261.90

362.13360.55358.36358.16347.79303.13271.31291.84296.78296.45268.62210.39219.02226.63220.63249.06237.55237.46238.47168.35144.60128.17138.07145.00134.59148.15155.38145.27130.86133.98138.32136.38129.50

Multilateral trade-weighted value ofthe U.S. dollar (March 1973=100)

Nominal

100.0

120.0122.1122.4121.1117.8109.199.1101.498.5105.7103.492.488.187.4103.4116.6125.3138.2143.0112.296.992.798.689.189.893.292.687.583.084.792.993.388.2

Real2

100.0

98.999.494.197.693.384.483.284.9100.9111.8117.3128.8132.4103.690.988.294.486.086.589.889.084.680.681.989.689.784.7

1 Cents per unit of foreign currency.2 Adjusted by changes in consumer prices.Source: Board of Governors of the Federal Reserve System.


TABLE B-108.—Growth rates in real gross national product/gross domestic product, 1971-91

[Percent change]

Area and country

OECD countries2 .

United StatesCanadaJapan

European Community 3

FranceGermany 4

ItalyUnited Kingdom

U.S.S.REastern EuropeChina

1971-75annualaverage

3.1

23524.5

29

35222.821

3.0497.4


3.5

3.2404.6

32

31334.819

18214.2


2.4

2.5293.8

15

15121.619

1.7129.2

1986

2.7

29332.6

27

25222.539

4.1307.8

1987

34

31424.3

27

23153.048

1.34

9.4

1988

45

3.9476.2

40

42374.243

2.115

11.2

1989

33

25254.7

35

39383.023

1.5-12

4.0

1990

2.6

1.05

5.6

29

28452.0

.8

-3.7-8.0

5.0

1991 1

1.1

_J-11

4.5

14

14321.0

-19

-13.0-100

6.5

1 Estimates.2 OECD (Organization for Economic Cooperation and Development) includes Australia, Austria, Belgium, Denmark, Finland, France,

Germany, Greece, Iceland, Ireland, Italy, Luxembourg, Netherlands, New Zealand, Norway, Portugal, Spam, Sweden, Switzerland, Turkey,and United Kingdom, not shown separately.

3 Includes Belgium, Denmark, Greece, Ireland, Luxembourg, Netherlands, Portugal, and Spain, not shown separately.4 Former West Germany.Sources: Department of Commerce, Organization for Economic Cooperation and Development, and Council of Economic

Advisers.


NATIONAL WEALTH

TABLE B-109.—National wealth, 1945-90


End of year

19451946194719481949

1950.1951195219531954

19551956195719581959...

19601961196219631964

19651966196719681969

1970 .. ..1971197219731974

19751976197719781979

19801981198219831984

1985... .1986198719881989

1990 .

Totalnet

worth1

439.1500.0574.8622.9651.6

759.1856.0903.3921.4

1,022.0

1,131.61,224.81,233.81,381.61,455.1

1,498.71,646.31,629.11,759.71,890.3

2,051.92,122.42,376.12,680.52,716.6

2,827.03,121.53,470.93,634.73,799.2

4,264.94,824.55,337.96,137.67,127.6

8,237.58,901.59,205.39,966.7

10,371.1

11,228.912,069.312,725.413,590.714,967.6

14,503.5

Private net worth 2

Total

663.0721.9782.4822.0854.6

957.71,050.31,107.91,135.91,245.9

1,355.01,446.91,459.11,623.41,704.2

1,749.31,906.41,896.92,031.62,169.0

2,333.52,410.22,682.33,000.13,037.2

3,168.33,494.53,860.04,025.44,204.1

4,751.45,371.45,927.36,762.47,772.1

8,936.19,685.8

10,142.511,089.111,669.9

12,726.513,796.414,636.915,715.617,291.1

17,110.5

Tangible wealth 3

Total 4

140.3167.4205.0235.2258.4

306.0346.8373.7397.8422.1

460.4504.1526.7552.0581.1

611.8634.0659.5684.9727.1

766.3844.3899.9

1,002.41,096.4

1,167.51,278.11,411.81,610.11,846.3

1,999.72,253.42,614.33,077.13,505.6

3,874.94,258.04,268.74,614.54,894.6

5,187.45,624.86,169.36,559.47,057.3

7,076.0

Owner-occupied

realestate

82.8100.4123.3141.1153.4

177.0199.1215.1229.1247.4

272.6297.9313.6330.5349.8

372.9388.0403.8414.7441.1

462.2510.5537.0600.4655.6

689.8767.9859.3997.5

1,137.7

1,233.11,415.91,685.02,015.82,323.6

2,568.92,845.62,804.33,062.63,242.8

3,411.03,696.44,086.54,319.44,661.1

4,586.6

Con-sumer

durables

46.253.265.176.386.6

108.2124.4134.0143.0147.1

157.3171.9176.2182.0189.0

193.7196.8202.3212.8223.7

236.1258.5283.2314.2343.7

372.4393.7424.7470.5544.2

595.7652.8725.5820.5925.3

1,020.01,096.51,141.71,206.91,286.0

1,397.71,534.11,663.71,805.61,933.8

2,023.7

Financial wealth

Total 5

522.7554.5577.5586.8596.1

651.7703.4734.2738.1823.8

894.6942.8932.3

1,071.41,123.0

1,137.51,272.51,237.41,346.71,441.9

1,567.21,565.91,782.41,997.71,940.8

2,000.82,216.42,448.22,415.22,357.8

2,751.73,118.03,313.03,685.34,266.4

5,061.35,427.85,873.86,474.56,775.3

7,539.18,171.68,467.69,156.2

10,233.8

10,034.5

Corpo-rate

equity6

111.5103.4101.2100.1109.4

133.7156.3170.4162.4235.0

286.3305.1267.4373.3402.0

395.5500.8437.1513.5564.1

634.9574.8719.3856.5744.7

727.2831.0918.4707.3491.7

637.4754.3708.8705.0857.0

1,164.51,105.01,241.11,422.01,440.1

1,888.32,202.52,098.22,233.32,615.4

2,330.0

Noncor-porateequity

188.9217.9242.0253.1253.8

285.1306.7309.6311.7317.1

328.0345.6358.8374.2382.0

387.4397.2408.7419.7434.8

456.5483.8500.4530.0554.0

573.2616.5680.9817.1908.4

991.21,120.31,276.11,522.51,784.5

2,037.22.261.22,232.82,301.62,272.3

2,245.82,298.42,415.02,492.82,633.5

2,634.7

Government net financial assets

Total 7

-223.82219

-207.61991

-202.9

-198.71943

-204.62145

-223.8

2234-222.1-225.2-241.8-249.1

-250.6-260.1-267.7-271.9-278.6

-281.6-287.8-306.2-319.6-320.7

-341.3373 1

-389.13906404 9

-486.55469

-589.4-624.8-644.5

-698.6-784.3-937.2

-1,122.4-1,298.8

-1,497.7-1,727.1-1,911.5-2,124.9-2,323.5

-2,606.9

Federal

-223.32216

-207.41988

-202.4

-195.11897

-194.5-201.0

2064

-202.8-198.5-197.0-208.2-211.3

-209.6-215.3-220.2-221.9-225.8

-226,3-228.8-242.3-251.7

-245.5

-257.4-280.6-298.6

305 73178

-394.54550

-511.75534

-580.9

-633.6-711.0-860.6

-1,050.1-1,234.7

-1,446.0-1,683.1

18601-2,056.2-2,234.7

-2,492.1

Stateandlocal

08-.6_ 5-.1-.9

-3.9-5.0

-10.5-14.0-17.9

-21.1241

-28.7-34.2-38.4

-41.7-45.5-48.3-50.8-53.7

-56.2-60.0-64.9-68.9-76.3

-85.2-93.9-92.0

869-89.9

-95.3-95.7-82.0-76.7-69.7

-72.0-81.3-86.0-82.1-74.8

-60.4-52.4-60.2-78.8-99.9

-125.9

1 Sum of private net worth and government net financial assets.2 Referred to as household net worth in the Balance Sheets.3 Held by households and nonprofit institutions.4 Also mcludes nonprofit institutions' real estate.6 Also includes credit market instruments, life insurance and pension reserves, security credit, and miscellaneous assets, and is net ofliabilities.0 Includes households and nonprofit institutions' direct (or through mutual funds) holdings of corporate equity. Equity held throughpension and life insurance reserves is not included.7 Also includes sponsored credit agencies and the Federal Reserve. Some tangible wealth is included for these agencies.

Note.—Data are from Balance Sheets for the U.S. Economy, 1945-90, September 1991.Data are measured at market value where available. For example, corporate equity and land are measured at market value, but bonds

are measured at par value.Source: Board of Governors of the Federal Reserve System.


TABLE B-110.—National wealth in 1982 dollars, 1945-90

[Billions of 1982 dollars]

End of year

19451946....194719481949

19501951195219531954

19551956.195719581959

I9601961196219631964

19651966196719681969

1970197119721973 !1974

19751976197719781979

19801981198219831984

19851986198719881989 .

1990

Totalnet

worth1

2,502.12,409.42,515.72,628.32,778.9

3,060.83,396.73,487.53,543.83,835.0

4,107.64,275.14,196.74,597.64,732.0

4,834.55,218.25,051.55,389.55,676.7

5,982.25,961.86,465.56,917.56,633.9

6,566.86,852.87,284.17,050.96,665.2

6,951.77,416.67,691.58,156.38,708.1

9,137.69,134.49,015.99,407.09,484.3

9,999.010,440.610,702.610,960.311,625.4

10,827.6

Private net worth *

Total

3,777.63,478.93,424.33,468.43,644.2

3,861.84,167.74,277.74,369.04,674.9

4,918.55,050.24,962.85,402.45,542.0

5,643.06,042.65,881.76,222.36,513.5

6,803.16,770.37,298.77,742.37,416.9

7,359.67,671.88,100.67,808.67,375.6

7,744.78,257.48,540.88,986.69,495.5

9,912.59,939.29,933.9

10,466.310,672.1

11,332.611,934.612,310.312,673.913,430.0

12,773.8

Tangible wealth *

Total *

799.2806.6897.1992.4

1,102.0

1,233.81,376.41,442.81,530.11,583.8

1,671.31,759.41,791.71,836.91,889.8

1,973.62,009.42,044.92,097.72,183.4

2,234.02,371.62,448.72,586.92,677.5

2,712.12,805.92,962.83,123.43,239.1

3,259.53,464.13,767.04,089.14,283.0

4,298.34,369.44,180.94,355.44,476.0

4,619.34,865.85,188.75,289.85,481.4

5,282.6

Owner-occupied

realestate

471.8483.8539.8595.5654.1

713.8790.2830.3881.1928.2

989.41,039.91,066.71,099.81,137.5

1,202.91,229.71,252.11,270.01,324.8

1,347.41,434.01,461.21,549.51,600.9

1,602.41,685.91,803.31,935.01,996.0

2,009.92,176.62,427.92,678.82,838.8

2,849.52,920.12,746.62,890.62,965.5

3,037.43,197.63,437.03,483.33,620.3

3,424.1

Con-sumer

durables

263.3256.2285.0321.7369.2

436.2493.7517.3549.9551.9

571.0599.9599.2605.5614.7

624.7623.8627.3651.8671.8

688.2726.1770.6810.9839.4

865.1864.4891,3912.7954.7

971.01,003.51,045.41,090.31,130.5

1,131.41,125.21,118.21,139.11,176.0

1,244.61,327.11,399.31,456.11,502.0

1,510.8

Financial wealth

Total*

2,978.42,672.32,527.12,476.12,542.1

2,628.02,791.32,834.82,838.93,091.1

3,247.13,290.93,171.13,565.53,652.1

3,669.44,033.23,836.84,124.64,330.0

4,569.14,398.64,850.05,155.44,739.4

4,647.54,865.95,137.94,685.24,136.5

4,485.24,793.34,773.84,897.45,212.5

5,614.35,569.85,753.06,110.96,196.0

6,713.47,068.97,121.67,384.07,948.6

7,491.2

Corpo-rate

equity'

635.5498.3443.1422.5466.7

539.0620.2658.0624.7881.9

1,039.21,064.9

909.51,242.31,307.3

1,275.71,587.31,355.31,572.81,694.1

1,851.01,614.51,957.32,210.21,818.5

1,689.11,824.31,927.31,372.0

862.6

1,038.91,159.61,021.4

936.81,047.0

1,291.71,133.91,215.51,342.11,317.0

1,681.51,905.21,764.71,801.02,031.4

1,739.4

Non-corpo-rate

equity

1,076.61,049.91,059.01,067.91,082.4

1,149.81,217.11,195.41,198.91,189.7

1,190.41,206.21,220.51,245.31,242.3

1,249.81,258.91,267.21,285.41,305.7

1,330.81,359.11,361.61,367.61,353.0

1,331.51,353.51,429.01,585.11,593.7

1,615.71,722.21,838.82,023.32,180.2

2,259.82,320.42,186.92,172.42,078.0

1,999.81,988.22,031.12,010.32,045.5

1,967.0

Government net financial assets

Total »

-1,275.5-1,069.5

-908.6-840.1-865.3

-801.1-771.0-790.1-825.2

8399

-810.9-775.1-766.0-804.8

8100

-808.5-824.4-830.2-832.8-836.8

-820.9-808.4-833.2-824.8-783.1

-792.88190

-816.5-757.8-710.4

-793.0-840.8-849.3-830.3-787.4

-775.0-804.8-918.0

-1,059.3-1,187.8

-1,333.6-1,494.0

1 607 7-1,713.6-1,804.6

1 946 2

Federal

-1,272.5-1,068.1

9078-838.7-862.9

-786.8-752.6

7511-772.9-774.6

-736.1-692.8-670.2-692.8-687.1

-676.0-682.3-682.8-679.6-678.1

-659.8-642.6-659.3-649.6-599.6

-597.8-616.0-626.6-593.0-557.6

-643.1-699.4-737.3-735.4-709.7

-702.9-729.6

8429-991.2

-1,129.1

-1,287.6-1,455.9-1,564.4-1,658.2-1,735.7

18605

Stateandlocal

-4.6-2.7-2.2-2.8-3.8

-15.8-20.0-40.7-53.9-67.0

766-84.0-97.7

-114.0-124.9

-134.6-144.3-149.7-155.7-161.3

-163.7-168.5-176.6-177.9-186.2

-197.8-206.0-193.2-168.5-157.8

-155.3-147.1-118.1-101.9-85.2

-79.9-83.4

843775

-68.4

538-45.4-50.6-63.5-77.6

-94.0

1 Sum of private net worth and government net financial assets.2 Referred to as household net worth in the Balance Sheets.3 Held by households and nonprofit institutions.4 Also includes nonprofit institutions' real estate.5 Also includes credit market instruments, life insurance and pension reserves, security credit, and miscellaneous assets, and is net ofliabilities.

8 Includes households and nonprofit institutions' direct (or through mutual funds) holdings of corporate equity. Equity held throughpension and life insurance reserves is not included.7 Also includes sponsored credit agencies and the Federal Reserve. Some tangible wealth is included for these agencies.

Note.-Data are from Balance Sheets for the US Economy, 1945-90, September 1991; deflated by the GNP implicit deflator, as publishedprior to the benchmark revision of the national income and product accounts in December 1991 (deflator averaged for fourth quarter ofyear shown and first quarter of following year, except for 1945 and 1946, where annual deflators are averaged.)

Data are measured at market value where available. For example, corporate equity and land are measured at market value, but bondsare measured at par value.

Sources: Board of Governors of the Federal Reserve System and Department of Commerce, Bureau of Economic Analysis.


Documents

ERP1992 Appendixes 2