gross national product. national - fraser · gross national product. national [millions of dollars]...
TRANSCRIPT
GROSS NATIONAL PRODUCT. NATIONAL[Millions of dollars]
Line
]
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34
6
89
10
11
1213
14
1516
17
18
192021
22
TABLE 1.— GROSS NATIONAL PROD-UCT (1-1,1-3)
Gross national product
Personal consumption expenditures
Durable goodsNondurable goodsServices - . - -
Gross private domestic investment -
Other .
Producers' durable equipment
Change in business inventories
NonfarmFarm
Net exports of goods and services
ExportsImports . - -- -
Government purchases of goods and services
Federal
National defenseOtherLess* Government sales
State and local . .. . . ._
1947 1948 1949 1950 : 1951 | 1952 | 1953
234, 289
165, 409
20, 59393, 38251, 434
31,459
15 254
7 r)357,719
16, 667
-462
1 298- 1, 760
9, 039
17 9008,861
28,382
15,650
11,3605,4171,127
12,732
259, 426
178,313
22, 72398, 73756, 853
43, 087
19 454
10, 1229,332
18, 925
4,708
2, 9761,732
3,490
14 50511,015
34, 536
19, 306
11,5788,231
503
15, 230
258, 054
181, 158
24, 58496, 60759, 967
32, 977
18 813
9, 6429,171
17, 236
-,072
-2,209-863
3,760
13, 95810, 198
40, 159
22, 241
13, 5708, 853
182
17,918
284, 599
195, 013
30, 35199, 80164, 861
49, 970
24 215
14. 10010, 115
18, 940
6,815
6, 000815
587
13, 09812,511
39, 029
19, 348
14, 2575, 202
111
19, 681
328, 975
209, 805
29, 471110, 13570, 199
56, 334
24.811
12, 52912. 282
21.290
10,233
9, 0571, 176
2, 376
17,85715,481
60, 460
38, 768
33, 8645. 213
309
21. 692
346, 999
219,774
29, 099115,10075. 575
49, 863
25 532
12. 84212. 690
21,264
3. 067
2, 146921
1,318
17,43116, 113
76, 044
52, 854
46. 4086. 717
271
23, 190
365, 385
232, 649
32, 875117,96181,813
50, 340
27, 588
13,77713,811
22. 305
447
1, 068-621
-434
16. 60017,034
82, 830
57, 964
49, 2898,989
314
24, 866
1954 1955
363,112
238, 025
32, 398119, 32886, 299
48, 872
29 722
15,37914, 343
20, 789
-1,639
-2, 129490
961
17, 47616, 515
75, 254
47, 548
41, 1896, 674
315
27, 706
397, 469
256, 940
39, 632124, 76292, 546
63. 843
34. 941
18, 70516, 236
23, 119
5. 783
5. 486297
1,094
19.38118, 287
75, 592
45. 282
39, 0816. 559
358
30, 310
1956
419, 180
269,917
38. 545131. 42299. 950
67, 366
35,512
17. 67717, 835
27, 194
4, 660
5, 075— 415
2, 930
23, 13520. 205
78, 967
45. 730
40. 3555. 706
331
33. 237
1957 I 195*
442, 769
285, 164
40. 355137, 728107. 081
66, 125
36, 065
17.01919, 046
28, 497
1, 563
801762
4,944
26. 20921, 265
86, 536
49, 711
44, 4065, 727
422
36, 825
444,546
293;198
37, 286141, 617114,295
56,641
35, 483
18, 04717,436
23, 109
-1,951
-2, 864913 !
1,249
22, 70321, 454
93, 458
52, 620
44, 8378, 281
498
40, 838
1959
482, 704
313,538
43, 598147. I l l122, 829
72, 726
40, 232
22,33117, 901
25, 936
6, 558
6, 46692
-759
22, 87723, 636
97, 199
53. 644
46, 2447, 879
479
43, 555
19W
503, 443
328, 536
44, 836151,844131, 856
72, 356
40, 708
21, 05219, 656
27, 587
4, 061
3, 732329
2,882
26 36623' 484
99, 669
53, 184
45, 6768,080
572
46, 485
W.I
518, 725
338, 058
43. 744155.21439, 100
69,257 |
41. 5x3
21.03820, 545
25. 543
2. 131 |
1.893238
3, 9SO
27. 26823. 288
107, 430
56, 997
48. 9888. 654
645
50.433 1TABLE 2.— NATIONAL INCOME (18, 1-9)
;\(i
HI1112
1314
1(5
17
18
1920
2223
24
National income
Compensation of employees
Wages and salariesPrivateMilitary.Government civilian. . _ _
Supplements to wages and salariesEmployer contributions for social in-
surance.Other labor income
Employer contributions to pri-vate pension and welfare funds.
Other -
Proprietors* income
Business and professional _ _Income of unincorporated enterprises.Inventory valuation adjustment
Farm
Rental income of persons
Corporate profits and inventory valuationadjustment.
Profits before taxProfits tax liability. _ . ...Profit after tax.. . _ _
DividendsUndistributed profits
Inventory valuation adjustment
Net interest
198, 177
128, 757
122,858105 512
4, 06713. 279
5, 8993, 565
2, 3341, 555
779
35, 492
19, 94821,419
-1.47115, 544
6,510
23, 626
29 5°511.28318, 2426, 521
11,721
-5,899
3,792
223, 487
140, 969
135, 214116,443
3, 97014, 801
3,' 042
2,7131,810
903
40, 194
22, 40522.815-410
17, 789
7,297
30, 848
33, 00012,48320, 517
7,24313, 274
-2, 152
4,179
217, 690
140, 834
134, 310113,809
4,24816, 253
6, 5243, 503
3. 0212,024
997
35, 583
22, 65722, 194
46312, 926
8, 274
28, 226
26, 37010, 37515, 9957,4738, 522
1,856
4,773
241,876
154, 190
146, 391124, 121
4, 99917, 271
7, 7993, 976
3. 8232,743
1,080
37,541
23. 54124. 635
-1,09414, 000
9, 013
35, 663
40. 62S17. 86522, 763
9, 20813, 555
— 4,965
5,469
279,313
180, 327
170, 788141, 928
8, 68420, 176
9, 5394, 753
4. 7863, 582
1, 204
42, 329
25, 99526, 322-327
16, 334
9,431
40,954
42, 15322, 44719, 7069. 029
10, 677
— 1, 199
6,272
292, 155
195, 012
184, 835151,87010, 47222, 493
10. 1774. 861
5, 3164, 019
1,297
42, 233
26, 89fi26, 695
20115, 337
10,154
37, 672
36,69119, 45917, 2328, 9548,278
981
7, 084
305, 573
208, 812
198, 030164, 157
10, 33723, 536
10, 7824,788
5, 9944, 598
1, 396
40, 723
27, 44527, 613-168
13, 278
10, 528
37,314
38,31120, 22218, C899, 2258, 864
-997
8,196
301, 794
207, 595
196, 259161, 867
9, 95124, 441
11,3365, 122
6. 2144,739
1, 475
40, 442
27, 75127, 800
-4912.691
10, 869
33, 743
34, 06117, 22016, 8419,8397, 002
-318
9,145
330, 206
223, 852
210, 902174, 927
9,77826, 197
12, 9505, 814
7. 1365, 523
1, 613
42, 149
30. 38230, 580-198
11.767
10,698
43, 126
44, 86221, 82723, 03511,21511,820
-1,736
10, 381
350, 836
242, 502
227, 634189, 593
9. 66328, 378
14. 8686, 766
8. 1026.273
1. 829
43,715
32. 09S32. 600
— 50211,617
10,913
41,990
44, 68321.22723. 45612. 13211,324
-2.693
11,716
366, 943
255, 499
238, 548198, 379
9, 64430, 525
16,9517.811
9. 1407, 163
1, 977
44, 457
32, 67732, 977-300
11, 780
11,891
41, 669
43, 20820, 92222, 28612, 5889,698
- 1, 539
13, 427
367, 384
257, 142
239, 803196, 556
9,76733, 480
17, 3397, 982
9, 3577, 267
2, 090
46, 052
32, 50432, 560
13. 548
12, 208
37, 155
37, 41018, 64618, 76412, 3586,406
-255
14, 827
400, 481
278, 528
258, 459213, 146
9, 87335, 440
20. 0699, 671
10, 3988, 164
2, 234
46, 475
35, 10435, 244-140
11,371
11,902
47, 192
47, 65723, 18824, 46913, 68210, 787
-465
16, 384
415, 480
293, 665
271, 30*222, 942
9, 89 133, 472
22. 3 "711,361
10, 99'.8, 637
2, 3 -.9
46, 236
31, 20 •>34, 221
— 1'}12, 03-*
11,913
45, 616
45, 42422, 43522, 9S914.37S8,611
192
18, 050
427, 829
302, 174
27*. 821226 991
1'.. Is" 14 , M" |
U.<H2
^.971
2 420
4", 832
34. 77s.->4 7 i ~
13 (»"4
12, 259
45,55322.251 i23. 302 i15.0188, 284
-16
2(1. 027TABLE 3.— RELATION OF GNP NATIONAL
INCOME AND PERSONAL INCOME (1-17, I 18)
1
3
4
6
s
1011
12
131415
16
Gross national product . _ _ _
Less: Capital consumption allowances
Equals : Net national product
Less: Indirect business tax and nontax lia-bility.
Business transfer pavments. ... . __Statistical discrepancv
Plus: Subsidies minus current surplus ofgovernment enterprises.
Equals - National income _ _
Less: Corporate profits and inventory valua-tion adjustment.
Contributions for social insuranceExcess of wage accruals over disburse-
ments.
! Plus: Government transfer payments to per-sons.
Net interest paid by governmentDividends .
1 Business transfer payments
i Equals: Personal income
234, 289
13. 030
221, 259
18. 641
6743, 541
-226
198, 177
23. 626
5. 68315
11.113
4. 4206, 521
674
191,581
259, 426
15. 471
243, 955
20, 405
739-847
-171
223, 487
30. 848
5, 22035
10. 542
4. 5277.243
739
210, 435
258, 054
17.274
240, 780
21. 637
781510
-162
217,690
28, 226
5, 737-46
11.622
4, 6707.473
781
208,319
284, 599
19. 065
265, 534
23. 747
843-734
198
241,876
35. 663
6. 87024
14. 304
4.7949.208
843
228, 468
328, 975
21. 970
307, 005
25. 647
9851,247
187
279, 313
40. 954
8.17074
11, 590
4.9739. 029
98."
256, 692
346, 999
24. 007
322, 992
28. 140
1,1691,374
-154
292, 155
37. 672
8.61422
12.041
5. 0168.9541. 169
273, 071
365, 385
26. 526
338, 859
30. 203
1,3691.283
-431
305, 573
37.314
8,728-76
12, 887
5. 1719, 2251.369
288, 259
363, 112
28, 809
334, 303
30. 151
1,262853
-243
301, 794
; 33.743
9. 6950
14, 961
5. 4071 9. 839
1.262
289, 825
397, 469
31.986
365, 483
32. 865
1.457988
33
330, 206
43. 126
10. 9950
16. 050
5. 38911.215
1. 457
310, 196
419, 180
34.412
384, 768
1.6162. 428
948
350, 836
41.990
12, 5860
17, 190
5, 7451 12. 132; 1. 616
332, 943
442, 769
37.443
405S 326
38. 186
1.790601
992
366, 943
41. 669
14. 5220
20. 089
' 6. 204• 12.588
1.790
351, 423
444, 546
38. 605
405, 941
39, 322
1,831-1,461
1,135
367, 384
37, 155
14. 8350
24, 501
6,17512, 3581, 831
1360,259
482, 704
40, 962
441,742
42. 601
2, 052-2, 962
430
400, 481
47, 192
17, 5740
25. 412
7, 07513, 6822, 052
383, 936
503, 443
43, 250
460, 193
46, 538
2, 092— 3.396
521
415, 480
45. 616
20. 5960
27. 286
7, 76114, 3782.092
400, 785
518, 725
45. 339
473, 386
48.187
2. 132-3. 086
I , f I 7 G
427, 829
45, 537
21, 620G
31,269
7.34115.0182. 132
416, 432Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INCOME, AND PERSONAL INCOME, 1947-61[Billions of dollars, seasonally adjusted at annual rates]
I
410.6
265.6
38.8129.797.1
67.1
35.1
17.817.3
25.8
6.2
6.6-.3
1.4
21.420.0
76.6
44.8
39.16. 1.3
31.7
19
II
415.0
268.2
38.2131. 098.9
66.9
35.7
18.017. 7
26.7
4.4
5.2— . 7
2.6
22.620.0
77.3
44.5
39.25.7.4
32.8
56
III
421.0
270.4
37.7131.7101.0
67.3
35. 7
17.618.1
27.6
4.0
4.4-.5
3.5
24.120.5
79.8•
46.2
41.05.4.3
33.7
IV
430.0
275.6
39.4133.3102.8
68.1
35. 5
17.318.2
28.6
4.0
4.1-.1
4.3
24.520.2
82.0
47. 5
42.15.7
. 3
34.5
I
438. 5
280.1
40.4135.4104.2
67.1
35.8
17. 118.7
28.9
2.3
2.0.3
6.0
27.021.0DP 9
49.5
43.76.2.4
35.8
19
II
442.1
283.3
40.4136.8106. 2
67.3
36. 0
16. 919.1
28.6
2.7
2.0.7
5.1
26.421.3
86.4
50.0
44.95.4.3
36.4
57
III
448.3
288.7
40.9139.7108. 0
67.6
36. 2
17.019.3
28.9
2.5
1.5.9
5.1
26. 621.5
86.9
50. 0
45. 05. 5
. 5
36. 9
IV
442. 3
288.6
39.7139.0109. 9
62.4
36.1
17. I19.0
27.5
-1.2
-2.31.1
3.5
24.921.3
87.7
49.4
44.05.9
. 5
38.3
I
432.9
287.4
36.5139.5111.4
53.9
35.3
17.118.2
24.1
-5.5
-6.51.0
1.7
22.520.8
89.8
50.6
44.46.8.5
39.2
19
II
437.2
290.9
36.3141.1113.5
53.0
34.4
16.917.5
22.7
-4.0
-5.01.0
1.3
22.721.4
92.0
51.8
44.67.8.6
40.1
58
III
447.0
294.5
36.7142. 6115.2
55.8
35.1
18.017. 1
22.3
-1.6
-2.5.9
1.6
22.921.4
95.1
53.7
44.99.1.4
41.4
IV
460. 6
299.8
39.5143.2117. 1
63.6
36.9
19.917.0
23.4
3.3
2.6. 7
.4
22.722.3
96 7
54.3
45.59.4.6
42.3
I
472. 0
305.7
42.0144.7119.0
69.8
39.0
21.917. 1
24.3
6.4
6.2.2
-.8
21.822. 6
97.2
53.8
46.08.2.5
43.5
19
II
487 8
313.0
44.4147.0121. 5
79.0
41. 1
23.517.6
26. 4
11. 5
11. 5. 1
-1.7
22.123.8
97.5
53. 9
46.58.0
. 5
43.6
59
III
482 7
316.7
44.9147. 7124.0
68.8
41.0
22.618.4
26.6
1. 1
1. 1.0
-.5
23.824.3
97.8
54.0
46.48.0
.4
43.8
IV
488. 5
318.8
43.1148.9126. 8
73.2
39. 6
21.318.3
26.4
7. 1
7.0. 1
.0
23.823.9
96 5
52.8
46. 17. 2' 5
43.7
I
501.7
323. 9
45.1150. 0128. 9
79.1
40. 9
21.519.3
27.4
10.8
10.6.2
1.4
25.323.9
97.2
52. 5
45.47.5.4
44.7
19
II
504.8
329.9
45.8152.6131.5
73.5
40.7
21.219. 5
28.4
4 .4
4.1
2.4
26.524.2
99.0
53. 1
45.88.0.7
45.9
60
III
503. 7
329.8
44.5152. 5132,8
70.3
40. 5
21.019.5
27 7
2. 1
1.7. 4
2.8
26. 523. 6
100.8
53. 6
45.78.4.5
47.2
IV 1 I
503.3 500.8
330.5 j 330.5
44.0 ! 40.8152.3 ! 153.5134.2 1 136.2
66.5 60.1
40. 7 ! 39. 3
20. 5 ! 19. 020.2 20.3
26.8 | 24.4
-1. 1 ; -3.6
-1.5 : -3.9.4 .3
4,9 5.3
27.2 ! 27.422. 3 22. 2
101 4 104.8
53. 6 55. 4
45. 8 ' 47. 78. 4 ; 8.2
. 6 , .5
47.8 ! 49.4
1C
II
513.1
335.5
43.5153. 9138.0
67.6
41.0
20. 120.8
24.6
2. 1
1.8.3
4.0
26. 422.4
106.0
56. 6
49.08.5.8
49.4
61
III
522.3
340.1
44.0156. 2139.9
72.4
42.6
21.920.7
25.8
4.0
3.8
2.8
26. 924. 1
106.9
56. 5
48.48.7.6
50.4
IV
538. 6
346. 1
46. (')157. 2142.3
76.6
43.2
22.820.4
27.4
6.0
5.9.1
3.8
28. 324. 5
11? 1
59.5
50. 89.2.6
52.6
Line
!
2
345
6
7
89
10
11
1213
14
1516
17
18
192021
22
343.2
235.8
221.6184.59.727.4
14.26.4
7.7
42.7
31.5
11 2
10.7
42.7
45.721.724.011.712.2
-2.9
11.2
348. 3
241.2
226. 6188. 99.728.0
14.66.6
8.0
43.3
32. 1
11 2
10.8
41.5
45.221.523. 712.011.7
-3.7
11.5
352. 6
243.8
228.7190. 39.728.8
15.26.9
8.2
44. 4
32.3
]9 ]
11.0
41.5
42.720.322.412.310.1
-1.2
11.9
359.1
249.0
233.4194. 59.629.3
15.67.1
8.5
44.5
32.5
12 0
11.1
42.3
45.321.523.812.011.8
-3.1
12.3
364. 0
252.3
235. 9196. 59.629.8
16.47.7
8.8
43.9
32.6
11 2
11.4
45. 5
46.022.323. 712.711.1
-2.4
12.8
367.1
255.5
238. 7198. 89.730.2
16.87. 8
9. 0
44.3
32.8
11 5
11.8
42.2
43.721.222.612.89.7
-1.5
13.3
371.6
258. 1
240.9200. 29.830. 9
17.27.9
9.3
45.2
32.9
12 3
12.1
42.5
43.821.222.612.99.6
-1.3
13.7
365.1
256.0
238.7198. 09.531.2
17.37.9
9.5
44.5
32. 4
I-? i
12.2
38.4
39.419.120. 312.38.1
-.9
14.0
357.4
252.5
235.4193. 69.532.3
17.17.8
9.3
45.9
31.6
14 3
12.2
32.5
32.716.316.412.63.8
2
14.2
360.2
253.4
236. 3193.59.733.2
17.17.9
9.2
45.6
32.1
13 5
12.3
34.4
34.117.017.112.64.5
.3
14.5
370.1
258.9
241.6197.610. 034. 0
17.38.0
9.3
46 2
32.7
13 4
12.2
37.9
38.219. 019.112.66.6
-.2
15.0
381.7
263.7
245.8201. 59.934.4
17.88.2
9.6
46.5
33.5
19 q
12.1
43.8
44.722.322.412.010.4
q
15.6
391.7
270.9
251. 6206. 9
9. 934.8
19.49.4
10. 0
46 8
34. 5
\-> 4
11.8
46.1
46.922.824. 113.111.0
— . 8
16.0
405.6
279. 8
259.7214. 69.935.3
20. 09.7
10. 3
47.2
35. 5
117
11.9
50.5
51.925. 226. 613.413.3
-1.3
16.2
400.6
280.2
259.9214.49.935.7
20.39.7
10.6
46.0
35. 4
10 6
11.9
46.1
46.522.623. 914.19.8
— . 5
16.4
403. 9
283.0
262. 5216. 59.836.1
20. 69.9
10. 7
45 9
35. 1
10 8
11.9
46.0
45.322. 023.314.29. 0
.7
17.0
413.9
290.6
268. 5221.69.837.1
22. 011.2
10. 8
45 2
34.5
10 7
11.9
48.6
49.224.324.914.310. 6
— .6
17.6
417.2
294.6
272. 2224^49.838.0
22.311.4
11.0
46 9
34.5
19 4
11.9
46.2
46.422. 923. 514.29.2
-.2
17.7
416. 6
295.8
273.3224.29.939.1
22. 511.5
11.0
46.3
34. 1
]9 2
11.9
44.4
43.321.421.9
'!:!1.2
18.2
414.4
293.9
271. 3221. 610.039.7
22. 611.4
11.2
46 5
83.8
jo 7
12.0
43 3
42.821.121.714.5
.5
18.8
411.8
294.1
271.2220. 810. 040.4
22. 911.6
11.2
46 5
33.7
ll) 8
12.0
40.1
39.819.420. 314.75.6
.3
19.1
424.3
300.2
276. 9225.810.041.2
23.211.9
11.3
47.2
34.5
1') 7
12.2
45.0
44.821. 922.914.88.1
. 2
19.8
431. 3
304.5
281. 0228.810. 042.2
23.512.1
11.4
48 1
35. 1
13 1
12.3
46.0
46.322. 623.714.98.7
-.3
20. 3
444.0
309.9
286.1232. 510.842.8
23.812.2
11.6
49 5
36. 0
13 6
12.5
51.1
51.425.126. 315.510.8
-.3
21.0
1
2
3456
78
910
11
12
13141516
17
18
1920212223
24
25
410.6
33.6
377.1
34.5
1.5-1.3
.8
343.2
42.7
12.1.0
16.7
5.511.71.5
323. 8
415.0
34.1
380.9
35.3
1.6-3.3
.9
348. 3
41.5
12.4.0
17.1
5.712.01.6
330. 9
421.0
34.7
386. 3
35.9
1.6-2.8
1.0
352.6
41.5
12.8.0
17.4
5.812.31.6
335. 4
430. 0
35.3
394.7
37.1
1.7—2.2
1.1
359.1
42.3
13.1.0
17.7
5.912.01.7
341.1
438.5
36.6
401.9
37.6
1.7-.2
1.2
364.0
43.5
14.4.0
1.8.6
6.112.71.7
345.1
442.1
37.3
404.8
38.2
1.8-1.1
1.1
367.1
42.2
14.5.0
20.2
6.212.81.8
351.4
448.3
37.8
410.4
38.5
1.8-.6
.9
371.6
42.5
14.7.0
20.2
6.312.91.8
355.6
442.3
38.0
404.3
38.4
1.9-.3
.8
365.1
38.4
14.6.0
21.5
6.312.31.9
354. 1
432. 9
38.2
394.7
38.4
1.8-1.9
1.0
357.4
32.5
14.6.6
22.8
6.112.61.8
353. 1
437.2
38.3
398.9
39.0
1.8-1.0
1.2
360.2
34.4
14.6.6
24.9
6.112.61.8
356.0
447.0
38.8
408.3
39.4
1.8-1.9
'•'370.1
37.9
15.0-1.3
25.5
6.112.61.8
364.6
460.6
39.2
421.4
40.4
1.8-1.4
1.2
381.7
43.8
15.2.0
25.2
6.412.01.8
368.2
472. 0
39. 8
432. 2
41.4
2.0-2.3
.5
391.7
46. 1
17.1.0
24.9
6. 613. 12.0
375.0
487.8
40.7
447.1
42.0
2.0-2.2
.2
405.6
50. 5
17.6.0
25.1
6.813.42.0
384.7
482.7
41.3
441. 3
43.1
2.1-3.9
.5
400.6
46.1
17. 7.0
25.2
7.314.12.1
385. 5
488.5
42.1
446.4
43.9
2.1-3.1
4
403.9
46. 0
17.8.0
26.4
7.514.22.1
390.2
501.7
42.7
459.0
45.9
2.1-2.3
.5
413.9
48.6
20.3.0
26.3
7.714.32.1
395.4
504.8 503.7 | 503.3 500.8 ; 513.1 522.3 538.6
43. 4 S 43. 3 43. 6 ; 44. 1 45. 0 j 45. 7 i 46. 6
461.4 460.3 459.7 , 456.6 ' 468.1 476.6 ;492.0
47. 0 46. 4 46. 9 \ 46. 6 j 48. 0 ; 48. 3 49. 7
2. 1 2. 1 2. 1 ! 2. 1 ! 2. 1 I 2. 1 2. 1-4.5 -4.2 —3.0 ' —3.1 — 4 . 4 ; —3.1 j — 1.9
.4 .5 .6 i .7 I 2.0 ! 2. 1 ! 2.0i i i '
417.2 416.6 414.4 411.8 424.3 431.3 444.0
46.2 44.4 43.3 40.1 ; 45.0 46.0 : 51.1
20.6 20.8 '. 20.7 21.1 ' 21.5 : 21.8 i 22.1.0 .0 . .0 ] .0 .0 i .0 : .0
' i : ;
26.8 27.5 28.8 30.4 31.2 i 31.6 j 31.61 i
7. 8 7. 8 7. 8 7. 6 7. 4 i 7. 2 j 7. 214. 2 | 14. 4 14. 5 | 14. 7 14. 8 j 14. 9 I 15. 52. 1 i 2. 1 2. 1 j 2. 1 2. 1 ! 2. 1 ! 2. 1
! ! ' I j
401.4 ! 403.1 403.7 405.4 413.5 419.4 1427.3
1
2
3
4
56
7
8
9
1011
12
131415
16
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
GROSS NATIONAL PRODUCT, NATIONAL
Line
1
23456
8
91011
1314
1516
17
1819
20
212223
27
1
45
6
789
1011
1213
14
1516
17
18i'J
1
2
345
6
789
1011
12
1314
15
1617
TABLE 4.— PERSONAL INCOME ANDITS DISPOSITION, (II-l, II-2)
Personal income
Wage and salary disbursementsCommodity-producing industries
Manufacturing onlyDistributive industries _ ___ _Service industriesGovernment
Other labor income
Proprietors' incomeBusiness and professionalFarm
Rental income of persons __ - _ _ -
DividendsPersonal interest income
Transfer paymentsOld-age and survivors insurance
benefitsState unemployment insurance
benefits _ . . .- _ _ _Veterans' benefitsOther .
Less: Personal contributions for social in-surance.
Le^' Personal tax and nontax paymentsFederal -- -State and local
Equals* Disposable personal income
Less: Personal consumption expenditures
Equals* Personal savings
Addendum: Disposable personal income inconstant (1954) dollars.
TABLE 5.— GROSS NATIONAL PROD-UCT IN CONSTANT DOLLARS (1-2, 1-5)
Gross national product _ _ ..
Personal consumption expenditures
Durable goodsNondurable goodsServices
Gross private domestic investment
New constructionResidential nonfarm _Other
Producers' durable equipmentChange in business inventories
"NTonfarmFarm _ _ _
Net exports of goods and services
Exports _Imports -
Government purchases of goods and services .
FederalState and local
TABLE 6.— IMPLICIT PRICE DEFLA-TORS FOR GNP (VII-2, VII-3)
Gross national product _ _ _ _
Personal consumption expenditures
Durable goodsNondurable goodsServices
Gross private domestic investment
New constructionResidential nonfarm _ _ _ _Other
Producers' durable equipmentChange in business inventories _ _
Net exports of goods and services
ExportsImports _ _ _ _
Government purchases of goods and services-
FederalState and local -- -
1947 1948 1949 1950 1951 1952 1953 1954 1955 19££ 1957 1958 1959 1960 1961
[Millions of dollars]
191,581
122,84354, 33642 50035, 16415,99717,346
2 334
35. 49219, 94815, 544
6, 510
6. 5218,212
11,787
463
7756 7453. 804
2,118
21,46819, 6501,818
170,113
165, 409
4,704
201,079
210, 435
135, 17960, 25746, 45938, 80217,34918, 771
2 713
40, 19422, 40517,789
7, 297
7,2438, 706
11,281
552
7905 7694,170
2,178
21,13518,9972,138
189, 300
178,313
10, 987
211,508
208,319
134, 35656,91443, 86039,0161 7, 92520,501
3,021
35, 58322, 65712, 926
8,274
7,4739.443
12, 403
66-1
1,7305,1044,905
2,234
18, 66516, 1942,471
189, 654
181,158
8,496
213,815
228, 468
146, 36763, 49549, 39341,31319,28922, 270
3,823
37, 54123, 54114.000
9,013
9, 20810, 263
15, 147
954
1,3674, 8847, 942
2, 894
20.81318, 1792. 634
207, 655
195,013
12, 642
230. 984
256, 692
170,71474, 88558, 27745, 95321,06028, 816
4, 786
42. 32925, 99516.334
9. 431
9. 02911,245
12, 575
1,872
8373,8975, 969
3,417
29.21126 278
2! 933
227, 481
209, 805
17, 676
236. 959
273,071
184. 85780. 54762. 9(5048, 74922, 62832, 933
5. 316
42. 23326. 89615,337
10.154
8. 95412.100
13,210
2,177
9923, 8636, 178
3, 753
34, 35731, 165
3, 192
238, 714
219,774
18, 940
243, 586
288, 259
198,10688, 07769, 88151, 79724, 28333, 949
5, 994
40, 72327, 44513,278
10, 528
9, 22513, 367
14,256
2.979
9543, 7386, 585
3, 940
35, 78532, 359
3, 426
252, 474
232. 649
19,825
255, 024
289, 825
196, 25984, 06266, 07752, 32425, 48134, 392
6, 214
40, 44227, 75112,691
10, 869
9, 83914. 552
16, 223
3, 633
2,0153. 8486, 727
4, 573
32,94029, 1553,785
256, 885
238. 025
18,860
256, 885
310, 196
210, 90291,39072, 25255,76627, 77135, 975
7,136
42, 14930, 38211,767
10, 698
11,21515, 770
17,507
4,915
1, 3694, 2506,973
5,181
35, 74831, 5214.227
274, 448
256. 940
17,508
273, 355
332, 943
227, 63498, 72477, 70660, 33630, 53338,041
8,102
43,71532, 09811,617
10,913
12, 13217,461
18, 806
5, 652
1,4004,2277, 527
5,820
40,00135,1804,821
292, 942
269, 917
23,025
286,917
351, 423
238, 548102.21780, 64463, 40332, 75940, 169
9,140
44, 45732, 67711, 780
11,891
12.58819, 631
21,879
7,321
1, 7554, 3648,439
6, 711
42. 63237. 342
5, 290
308,791
285, 164
23, 627
293, 807
360, 259
239, 80397, 94076,70163, 81934, 79743, 247
9,357
46,05232, 50413, 548
12, 208
12, 35821,002
26, 332
8,478
3,9444, 5599, 351
6, 853
42, 33536, 640
5. 695
317, 924
293, 198
24, 726
296, 295
383, 936
258, 459107, 24384, 72068, 18137, 72245,313
10. 398
46. 47535, 10411,371
11,902
13, 68223, 459
27, 464
10,175
2,5144,523
10, 252
7,903
46, 79140. 367
6. 424
337, 145
313. 538
23, 607
310, 733
4CO, 785
271 , 308110,44287,41171,80240, 69848. 366
10,996
46, 23634. 20212, 034
11,913
14,37825,811
29, 378
11,130
2,7824,547
10.919
9,235
51,39544.038
7, 357
3 19, 390
328, 536
20, 854
317, 339
416, 432
278. 821110,78087, 46972, 85743, 35451,830
11.391
47, 83234, 77813.054
12. 259
15.01827, 368
33,401
12,614
4, 0404,787
11,960
9, 658
52, 78444, 951
7, 833
363, 648
338,058
25,590
327,316
[Billions of 1954 dollars]
282.3
195. 6
23. 3105. 367.0
41.5
19. 99.6
10.3
21.7-.1
1.4-1.6
8.0
19.211.1
37.2
19.417.8
293. 1
199.3
24.6105.169.6
49.8
22.711.411. 2
22.84.4
3.01.4
2.0
14.712.8
42.1
22.919.2
292.7
204.3
26.3106. 371.7
38.5
22.311.211.1
19.8-3.6
-2.6-1.0
2.6
15.112.4
47.2
25.321.9
318.1
216.8
32.1109. 275. 5
55.9
27.415. 511.9
21.37.2
6.5
^ 2
14.514.2
45.1
21.623.5
341.8
218.5
29.2111.278.2
57.7
26.012.913.2
22.09.7
9.0. 7
2.2
17.315.1
63.3
39.324.1
353. 5
224.2
28. 51 ! o! 080.8
50.4
26.012.813.2
21.82.6
A
1.2
16.915.7
77.7
53.324.5
369.0
235. 1
33.1118.383.7
50.6
?7 613.614.0
22.5.5
1.1-.7
-.9
16.417.3
84.3
58.825. 5
363.1
238. 0
32.4119.386.3
48.9
29.715.414.3
20.8-1.6
—2. 1.5
1.0
17.516.5
75.3
47.527.7
392.7
256.0
39.6125.491.0
62.5
33. 918.215.7
22.56.1
5.4. 7
.9
19.218.3
73.2
43. 529.7
400.9
2G4.3
38.0130. 396.0
61.7
32.31 6. 216.1
25.04.5
4.9-.4
2.5
22.419.8
72.3
41.730.6
408.6
271.2
38.5132.6100. 1
58.1
31.815.316.5
24.61.6
L O
3.8
24.420.6
75.5
43.232.2
401.3
273.2
35.5133. 3104.4
49.0
31.116.214.8
19.4-1.5
-2.4.8
-.2
21.421.6
79.3
44.534.8
428.6
288.9
41.0138.7109.2
61,7
34.419.514.9
21.45.9
5.9-.0
-2.1
21.924.1
80.1
43.936.2
410. 2
298.3
42.2141. 4114.7
60.7
34.318.216.1
22 7"£7
3.4.3
1.5
24.923.4
79.8
42.337.4
447.9
304.3
41.6143. 3119.4
57.8
34.818.216.6
21.12.0
1.8.1
1.8
25.323.5
84.0
44.539.4
[Index numbers, 1954=100]
83.0
84.6
88.488.776.8
76.678.474.8
76.8
93.479.7
76.4
80.871.5
88.5
89.5
92.494.081.7
85.988.683.1
83.1
98.686.3
82.0
84.479.3
88.2
88.7
93.590.983.6
84.385.982.6
87.0
92.782.0
85.1
88.081.7
89.5
89.9
94.691.485.9
88.390.985.1
89.0
90.387.8
86.5
89.683.7
96.2
96.0
101.199.089.8
95.397.593.1
96.8
103.3102. 8
95.5
98.790.2
98.1
98.0
102. 2100. 193.6
98.4100.396.5
97.5
103.0102.8
97.8
99.294.8
99.0
99.0
99.499.797.7
100.1101. 398.9
99.0
101.098.2
98.3
98.697.5
100.0
100.0
100.0100.0100.0
100. 0100.0100.0
100.0
100.0100.0
100.0
100.0100.0
101.2
100.4
100. 199.5
101.7
103. 1103.0103. 2
102.6
100.799.9
103.3
104.1102.2
104.6
102.1
101.3100. 9104. 1
109.8109.0110.7
109. 0
103.4101.8
109.2
109.7108.6
108.4
105.1
104.7103.9107.0
113.5111.2115.7
115.7
107.4103.2
114.6
114.9114.2
110.8
107.3
104.9106.3109.4
114.2111.2117.6
118.9
105.999.2
117.9
118.3117.3
112.6
108.5
106.3106.0112.5
116.8114.3120.1
121.4
104.398.2
121.4
122.2120.3
114.4
110.1
106. 1107.4115.0
118.8115.9122. 0
121.6
105.8100.3
125.0
125.6124.2
115.8
111.1
105. 2108.3116.5
119.6115.8123.7
121.3
107.699.1
127.9
128.0127.9
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
INCOME, AND PERSONAL INCOME, 1947-611956
I II III IV
1957
I 1 II III IV
1958
I II III | IV
1959
1 II III IV
1960
I II III IV
1961
I II III IVLine
[Billions of dollars, seasonally adjusted at annual rate?]
323.8
221.695.975.759.129.537.1
7.7
42.731.511.2
10.7
11.716.7
18.25.3
1.3
4.37.3
5.7
39.234.5
4.7
284.6
265.6
19.0
282.0
330.9
226.698.377.160.330.237.8
8.0
43.332.111.2
10.8
12.017.2
18.75.6
1.4
4.37.4
5.8
39.835.14.8
291.1
268.2
22.9
286.2
354.4
228.798.777.460.830.838.4
8.2
44.432.312.1
11.0
12.317.7
19.05.8
1.5
4.17.6
5.8
40.235.34.9
295.2
270.4
24.8
287. 7
341.1
233.4101.980.661.231.538.9
8.5
44.532.512.0
11.1
12.018.2
19.45.9
1.5
4.27.8
6.0
40.835.85.0
300.3
275.6
24.7
291.0
345.1
235.9102.280.862.232.039.4
8.8
43.932.611.2
11.4
12.718.9
20.36.3
1.6
4.38.2
6.7
42.237.05.1
303.0
280.1
22.9
291.1
351.4
238.7102.881.263.332.639.9
9.0
44.332.811.5
11.8
12.819.5
21.97.7
1.6
4.38.4
6.7
42.637.45.2
308.8
283.3
25.4
294.6
355.6
240.9102.981.164.333.140.6
9.3
45.232.912.3
12.1
12.920.0
22.07.5
1.7
4.38.5
6.8
43.037.65.4
312.7
288.7
24.0
296. 1
354.1
238.7100.979.563.733.340.7
9.5
44.532.412.1
12.2
12.320.2
23.47.8
2.4
4.58.7
6.7
42.837.45.4
311 ?,
288.6
22.6
293.3
353.1
234.896.475.863.433.841.2
9.3
45.931.614.3
12.2
12.620.3
24.67.8
3.1
4.69.1
6.8
41.736.15.6
311.4
287.4
23.9
291.3
356.0
235.796.075.063.034.542.2
9.2
45.632.113.5
12.3
12.620.6
26.88.6
4.2
4.69.4
6.7
41.836.25.7
314.2
290.9
23.3
292.6
364.6
242.898.376.964.135.245.2
9.3
46.232.713.4
12.2
12.621.1
27.48.7
4.8
4.59.4
7.0
42.737.0
5.7
321.8
294.5
27.3
299. 9
368.2
245.8101.179.164.735.744.4
9.6
46.533.512.9
12.1
12.022.0
27.18.8
4.2
4.59.6
6.9
43.137.35.8
325.0
299.8
25.2
302. 1
375.0
251.6104. 782.566.036.244.7
10.0
46.834.512.4
11.8
13.122.6
26.89.5
2.9
4.69.9
7.8
45.439.26.3
329.6
305.7
23.9
305.8
384.7
259.7109.186.268.137.445.1
10.3
47.235.511.7
11.9
13.423.0
27.110.3
2.2
4.610.1
7.9
46.740.36.4
338.0
313.0
25.1
312.1
385.5
259.9107.385.068.938.245.5
10.6
46.035.410.6
11.9
14.123.7
27.310.4
2.1
4.410.5
8.0
46.840. 36.5
338 8
316.7
22.1
311.4
390.2
262.5107. 985.269.639.045.9
10.7
45.935.110.8
11.9
14.224.5
28.510.5
2.8
4.510.6
8.0
48.341.76.6
341.9
318. 8
23.1
313.1
395.4
268.5111.288.570.839.646.9
10.8
45.234.510.7
11.9
14.325.2
28.510.7
2.4
4.610.8
9.1
51.444.17.2
344.0
323.9
20.1
313.9
401.4
272. 211L688.472.440.547.8
11.0
46.934.512.4
11.9
14.225.5
28.911.2
2.4
4.510.8
9.2
51.944.67.3
349 6
329.9
19.7
317.5
403.1
273.3110.687.472.441.349.0
11.0
46.334.112.2
11.9
14.426.0
29.611.3
2.9
4.510.9
9.3
51.444.0
7.4
351.7
329.8
22.0
318.9
403.7
271.3108.485.471.841.549.7
11.2
46.533.812.7
12.0
14.526.5
30.911.4
3.8
4.611.1
9.3
50.943.47.5
352.7
330.5
22.2
318.9
405.4
271.2106.884.071.742.350.4
11.2
46.533.712.8
12.0
14.726.6
32.511.8
3.8
4.712.2
9 5
51.043.3
7. 7
354.3
330. 5
23.8
319.8
413.5
276.9110.387.172.443.151.2
11.3
47.234.512.7
12.2
14.827.2
33.412.5
4.4
4.911.5
9.6
52.544.77.8
361.0
335.5
25.5
325.5
419.4
281.0111.788.273. 443.852.2
11.4
48.135.113.1
12.3
14.927.5
33.712.8
3.9
4.712.3
9.7
53.045.1
7.9
366.3
340. 1
26.3
329.7
427.3
286.1114.390.773.944.353.6
11.6
49.536.013.6
12.5
15.528.1
33.813.4
3.7
4.811.9
9.9
54.646.78.0
372.6
346.1
26.5
334.5
1
234567
8
91011
12
1314
1516
17
1819
20
212223
24
25
26
27
[Billions of 1954 dollars]
398.8
263.2
38.9130.294.2
62.8
32.716.616.1
24.35.8
6.4— 6
.9
20.619.7
71.8
41.830. 0
398.9
263.7
38.0130.395.3
61.5
32.616.516.1
24.74.1
5.0— 8
2.2
22.019.7
71.5
40. 930.6
400.2
263.4
37.1129.796.7
61.4
32.316.016.3
25.23.9
4.3— 4
3.1
23.420.2
72.1
41.530. 7
405.5
266.9
38.2130.997.8
61.3
31.815.716.0
25.54.0
3.91
3.8
23.519.7
73.5
42.531.0
409.6
268.9
38.9131.798.3
59.8
31.915.516.4
25.42.5
1.87
5.0
25.220.2
75.8
44.031.9
410.0
270.4
38.5132.299.7
59.3
31.715.216.5
24.82.8
1.71 i
4.2
24.720.5
76.0
44.032.1
411.0
273.4
39.0133.8100.7
58.9
31.715.216.5
24.92.3
1.31 0
3.8
24.720.8
74.8
42.832.1
403.8
272.1
37.7132.7101.8
54.1
31.615.316.3
23.6-1.0
-2.09
2.2
23.020.8
75.4
42.333.1
393.0
268.9
34.9131.4102.6
46.8
31.015.415.6
20.4-4.6
-5.59
4
21.020.7
77.0
43.233.8
395.2
270.9
34.7132.3104. 0
45.8
30.215.314.9
19.1-3.4
-4.39
2
21.321.5
78.6
44.434.2
402.9
274.4
35.1134.3105.1
48.1
30.616.214.5
18.8-1.3
-2.18
.2
21.821.6
80.2
44.935.3
413.6
278.7
37.5135.2106.1
54.7
32.117.714.4
19.53.1
2.4. 7
-1.1
21.622.7
81.2
45.435.8
421.7
283.6
39.6136.8107. 2
59.5
33.819.414.4
20.15.6
5.5. 0
-2.3
20.923.2
80.9
44.436.5
434.0
289.1
41.6139.1108.4
67.2
35.320.614.7
21.710.2
10.2— . i
-3.1
21.224.4
80.9
44.436.4
427.6
291.0
42.0139.3109.8
58.0
34.919.715.2
21.81.3
1.4_. i
-2.0
22.924.9
80.6
44.336.3
431.1
291.9
40.8139.8111.3
62.0
33.618.515.2
21.86.6
6.6. 0
-1.1
22.723.8
78.3
42.435.9
440.9
295.6
42.4140. 6112.6
66.7
34.618.616.0
22.69.6
9.4. 2
.2
24.023.8
78.4
42.036.4
442.3
299.7
43.0142.3114.5
61.5
34.218.216.0
23.34.0
3.72
1.0
25.124.0
80.0
42.937.1
439.7
299.1
41.8141.9115.4
58.6
34.018.115.9
22.71.9
1.6. 3
1.5
25.023.5
80.5
42.737.8
437.7
298.8
41.8140.7116.3
55.8
34.317.816.5
22.2-.7
-1.0. 3
3.3
25.622.3
79.9
41.838.1
433.9
298.2
39.0141.5117.7
50.0
33.016.516.5
20.1-3.0
-3.2. 2
3.5
25.722 2
82.2
42.939.2
443.9
302.5
41.3142.3118.8
56.5
34.317.416.9
20.22.0
1.92
1.7
24.422.7
83.3
44.438.9
450.4
306.0
41.7144.4120.0
60.4
35.618.816.7
21.33.5
3.4. 1
7
25.124.4
83.3
44.139.2
463.4
310.6
44.4144.9121.4
64.1
36.119.716.4
22 75.4
5.3. 1
1.4
26.224.8
87.2
46.740.5
1
2
345
6
789
1011
1213
14
1516
17
1819
[Index numbers, 1954 = 100]
103.0
100.9
99.899. 6
103.1
107.4107.1107.7
105.9
103. 7101. 6
106.6
107.2105.7
104.0
101.7
100.6100.5103.8
109.6109.0110.2
108.1
102.9101.6
108.1
108. 6107.4
105.2
102.6
101.8101.5104.5
110.5109.6111.4
109.6
102.9101.6
110.7
111.2109.9
106.0
103.2
103.2101.9105.1
111.8110.1113.5
112.2
104.0102.6
111.5
111.8111.1
107.0
104.1
103.8102. 9106.0
112.2110.4113.9
114.0
107.2103.8
112.5
112.6112.3
107.8
104.8
104.8103.4106.5
113.5111.0115.8
115.4
106.6103.8
113.7
113.7113.6
109.1
105.6
105. 1104.4107.3
114.2111.6116.5
116.4
107.8103.0
116.0
116.8115.0
109.5
106.1
105.3104.8108.0
114. 1111.5116.6
116.9
108.0102.3
116.4
116.8115.9
110.1
106.9
104.7106.2108.6
113.7110.6116.8
118.1
107.0100.5
116.7
117.2116.1
110.6
107.4
104.7106.7109.2
113.9110.4117.4
118.9
106. 399.6
117.0
116.8117.2
110.9
107.3
104.8106. 2109.6
114.5111.4117.9
118.9
105.098.8
118.6
119.5117.4
111.4
107.6
105.3106. 0110.4
115.0112.2118.5
119.6
105. 198.1
119.1
119. 7118.4
111.9
107.8
106. 0105.8110.9
115.5112.9118.8
120.9
104.597.3
120.2
121.3119.0
112.4
108.3
106. 8105.7112.1
116.4114.0119.9
121.4
103.997.6
120.6
121.4119.6
112.9
108.8
107.0106.1113.0
117.5115. 0120.8
122.0
103.897.8
121.3
121.8120.7
113.3
109.2
105.5106. 5113.9
117.8115.2121.0
121.1
105.0100.2
123.3
124.5121.9
113.8
109.6
106.4106.7114.4
118.2115. 8121. 1
121.5
105.4100.4
124.0
125.0122.8
114.1
110.1
106.6107.2114.9
118.9116.3121.9
121.9
105. 8100.5
123.7
123.7123.6
114.6
110.3
106.5107.4115.1
119.1116.1122.4
122.0
106.1100.6
125.2
125. 5124.8
115.0
110.6
105.1108.3115.5
118.9115.5122. 6
121.1
106.099.8
127.0
128.3125.5
115.4
110.8
104.6108. 5115.7
119.2115. 0123.4
121.6
106. 899.8
127.6
129.1125.9
115.6
110.9
105.3108.1116.2
119.5115.7123.4
121.5
108.498.8
127.3
127. 6127.0
116.0
111.1
105.5108.2116. 6
119.9116.3123.7
121.4
107.398.8
128.3
128.1128. 6
116.2
111.4
105. 1108.5117.3
119.8116.1124.3
120. 7
108. 198.8
128.4
127.3129. 7
1
2
345
6
789
1011
12
1314
15
1617
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SUMMARY DATA, 1961I. National Income arid Product Account, 1961l
[Billions of dollars]
Item1 Compensation of employees 302. 22 Wages and salaries _ _ 278.8
Disbursements (II-7) 278.8Excess of accruals over disbursements (V-ll) .0
Supplements 23. 4Employer contributions for social insurance (111-18) 12.0Other labor income (11-11) 11.4
Proprietors' income (11-12) 47. 8Rental income of persons (11-15) 12.3Corporate profits and inventory valuation adjustment 45. 5
Profits before tax 45.6 jTax liability (111-15) 22.3Profits after tax 23.3
Dividends (11-16) 15.0Undistributed (V-12) 8.3
Inventory valuation adjustment (V-13) .0Net interest (11-18) 20.0
3456
89
1011121314151617
18 NATIONAL INCOME 427.819 Business transfer payments (11-21) 2.120 Indirect business tax and nontax liability (111-16) 48.221 Current surplus of government enterprises less subsidies (111-10) —1.722 Capital consumption allowances (V-14) 45.323 Statistical discrepancy (V-16) —3.1
GROSS NATIONAL PRODUCT 518.7
Item24 Personal consumption expenditures (II-2)
25 Gross private domestic investment (V-l)
26 Net exports of goods and services
27 Exports (IV-1)28 Imports (IV-2)
29 Government purchases of goods and services (III-l) 107.4
338. 1
69.3
4.0
27.323.3
GROSS NATIONAL PRODUCT 518.7
II.—Personal Income and Outlay Account, 1961]
[Billions of dollars]
Item1 Personal tax and nontax payments (111-12) 52. 8
2 Personal consumption expenditures (1-24) 338. 1
3 Durable goods __ 43.74 Nondurable goods 155. 25 Services 139.1
6 Personal saving (V-10) _ 25.6
PERSONAL OUTLAY AND SAVING 416.4
7 Wage and salary disbursements (1-3)8 M an uf actur ing9 Other private
10 Government11 Other labor income (1-7)12 Proprietors' income (1-8)13 Business and professional _ ._14 Farm :.15 Rental income of persons (1-9) .__ ._ _16 Dividends (1-14)17 Personal interest income18 Net interest (1-17)19 Net interest paid by government (III-9)20 Transfer payments21 Business (1-19)22 Government (III-7)23 Less: Personal contributions for social insurance (111-19)
PERSONAL INCOME 416.4
. 278.887.5
139. 551.8
, 11.4. 47.8. 34.8
13.112.3
, 15.0. 27.4. 20.0. 7.3. 33.4
2.131.39.7
III.—Government Receipts and Expenditures Account, 1961 *
[Billions of dollars]
Ite1
2345
6
8
9
1011
mPurchases of goods and services (E-29)
FederalNational defense (less sales)Other
State and local
To persons (II 22)Foreign (IV-3)
Net interest paid (II 19)
Subsidies less current surplus of government enterprises (1-21)Surplus or deficit (— ) on income and product account (V-15)
GOVERNMENT EXPENDITURES AND SURPLUS
107 4
57 048.3 18.7
50 4
32 8
31 31.6
7 3
1. 7
-4.4
144 8
Item12 Pprtjnnnl tiiy and rmnt.nv rp^oint.s (TT-1 )
1314
15
16
17
1819
FederalState and local
Coporate profits tax accruals (1-12)Indirect business tax and nontax accruals (1-20)
Contributions for social insurance
Personal (11-23)
GOVERNMENT RECEIPTS
52 8
45 07 8
22.3
48.221.6
12 09.7
144 8
IV.—Foreign Transactions Account, 1961l
[Billions of dollars]
Item \ Hem1 Exports of goods and services (1-27) 27.3 | 2 Imports of goods and services (1-28)
RECEIPTS FROM ABROAD.
3 Transfer payments from U.S. Government (III-8).4 Net foreign investment (V-9)._
PAYMENTS TO ABROAD
23.3
1.62.4
27.3
V.—Gross Saving and Investment Account, 1961[
[Billions of dollars]
Ite1
234
5
6
8
9
mGross private domestic investment (1—25)
New constructionResidential nonfarm
in 'nv n r i >NonfarmFarm
Net foreign investment (IV-4) ._ . _ . .
GROSS INVESTMENT
69 3
41.621.0
°5 5o i1.9
2
2.4
71.7
Ite\ 10
11
12
13
14
15
16
mPersonal saving (II-6)
Excess of wage accruals over disbursements (1-4)Undistributed corporate profits (1-15) .
Corporate inventory valuation adjustment (1-16)C apital consumption allowances (1-22)rStatistical discrepancy (1-23)
GROSS SAVING AND STATISTICAL DISCREPANCY
... 25.6
.0
... 8.3
.0
. . . 45. 3
4 4
-3.1
... 71.7
1. Numbers in parentheses indicate accounts and items of counter-entry in the accounts.
10Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
I. GROSS NATIONAL PRODUCT AND NATIONAL INCOMETable 7.—National Income by Industry (1-10)
[Millions of dollars]
Table 8.—National Income and Gross National Product by LegalForm of Organization (1-12)
[Millions of dollars]
All industries, totalAgriculture, forestry, and fisheries
FarmsAgricultural services, forestry, and
fisheriesMining __ _ _
Metal miningAnthracite mining _ __Bituminous and other soft coal mining_Crude petroleum and natural gasNonmetallic mining and quarrying. _ _
Contract constructionManufacturing
Food and kindred products _ _Tobacco manufacturesTextile mill products _ ._Apparel and other finished fabric
products _ _Lumber and furniture products
Lumber and wood products, exc.furniture
Furniture and fixturesPaper and allied productsPrinting, publishing, and allied
industriesChemicals and allied products _Products of petroleum and coalRubber productsLeather and leather productsStone, clay, and glass productsMetals, metal products, and miscel-
laneousPrimary metal industriesFabricated metal products, incl.
ordnance _ _ _InstrumentsMiscellaneous manufacturing
Machinery, except electricalElectrical machineryTransportation equipment, exc. auto-
mobiles _ _Automobiles and automobile equip-
ment-.Wholesale and retail trade
Wholesale tradeRetail trade and automobile services--
Finance, insurance, and real estateBankingSecurity and commodity brokers,
dealers and exchangesFinance, n.e.c ._Insurance carriersInsurance agents and combination
offices _ _Real estate
TransportationRailroads... _ _ _ __Local and highway passenger trans-
portation _ _ . . .. _Highway freight transportation &
warehousing _Water transportationAir transportation (common carriers) -Pipeline transportationServices allied to transportation
Communications and public utilities. __Telephone, telegraph, and related
servicesRadio broadcasting and televisionUtilities: electric and gas. ._Local utilities and public services,
n.e.cServices
Hotels and other lodging placesPersonal servicesPrivate households _ _ _ _ _ _ _ _Commercial and trade schools and
employment agenciesBusiness services, n.e.cMiscellaneous repair services and
hand tradesMotion pictures _ _ _ _ _ _ _ _Amusement and recreation, exc.
motion pictures __Medical and other health servicesLegal services . _ _ _ _ _ _Engineering & other professional
services, n.e.cEducational services, n.e.c _ _ _ ._ .Nonprofit membership organizations,
n e eGovernment and government enter-
prisesFederal — general governmentFederal— go vernment enterprisesState and local — general government-State and local— government enter-
prises
Rest of the world -
1956
350, 83616, 08715, 143
9446,2431,092
1701,5432,602
83619, 515
109, 2688,799
7474,382
4,4105, 138
3,2451,8934, 186
5,4367,7394,3441,8951,4613,920
23, 48610, 891
7,7192, 3252,551
12, 1827,521
6,395
7,22758, 19220, 41437, 77832, 367
5, 104
510839
3, 183
1,97520,75616,8417,619
1, 415
4,6471,012
877305966
12, 658
5,328683
6,430
21737, 252
1,7493,9297,839
2154,189
1,457891
1,2797,5641,965
1,8661,767
2, 542
40, 40118, 8332, 667
17, 578
1 , 323
2,012
1957
366, 94316,36515, 397
9686,238
951162
1,5692, 767
78920 247
112, 4769,075
8074, 157
4,3814 718
2,8251,8934 016
5, 7008, 1003 9571,9141,4803,871
24, 37711 293
8,0892,4092,586
12, 3338,358
7,539
7, 69360, 35021, 35538, 99535, 2765,679
547894
3,489
2,08722, 58017, 2087,503
1, 452
4, 8851, 101
910315
1,04213, 405
5 684716
6,777
22839 9781,8104 1598,383
2354,627
1,532841
1,3268,1872,115
2,0361,948
*™43, 15519,4252,830
19, 524
1,376
2.245
1958
367, 38418,33817, 369
9695,435
757146
1,2212,561
75019 870
103, 8179,375
8773,974
4,3334 523
2 7631,7603 961
5 7087,9283 6731,7961,3683 772
21,7209 109
7,6962, 3662,549
10, 6107,930
7,014
5,25561 13621, 44239, 69437, 5555,929
638844
4, 128
2,18123, 83516, 429
6,824
1,430
4,911949994322999
14, 179
6,044754
7,154
22741,9081,7714, 1898,719
2294,905
1,478775
1,4369,0262,224
2,0052,140
3 Oil
46, 618
20, 4303,169
21, 545
1,474
2,099
1959
400,48116,32615, 350
976
5,283644109
1,1862,544
80021, 558
119, 929
10, 155981
4, 606
4,6805,273
3,2682,0054,463
6,2289,3154,1672, 1171,5274,450
24, 83710 527
8,7332, 8052,772
12, 6059,558
6,971
7, 99666 568
23, 45443, 11440, 402
6, 572
6521,0234,746
2, 33225, 07717, 671
6,948
1,492
5,6321,0191,154
3541,075
15, 614
6,652834
7, 876
25245 9841,9374,4219,203
2385,609
1,668865
1,54710, 1082,592
2, 1852, 372
3,239
48, 975
20, 8403, 269
23, 299
1,567
2.168
1960
415, 48017, 28616, 190
1,0965,207
76394
1,1512,363
83621, 884
121, 987
10, 3671,0044,608
4,8985 070
3 0422,0284 637
6,6039,2974,2302,1741,5624,334
25, 26810 624
8,8872, 9182,839
12, 72010, 083
6,667
8,46567 963
23, 93844, 02542, 537
7,183
7031,0075,080
2,37926, 18517, 9396,784
1,518
5,7111,1571,268
3481,153
16, 734
7,110877
8,471
27649, 1501,9984, 588
10, 210
2566, 048
1,628877
1,71810, 6682,666
2, 3352, 662
3 496
52, 506
21,6383,542
25, 637
1,689
2.287
1961
427, 829
18, 49417, 374
1,1204,977
68189
1,0442,332
83122, 141
121, 704
10,8491,0524,346
4,9404,819
2,8491,9704,801
6,7009, 5574,4062, 1751,4564,247
24, 9949 979
9,1112,9322,972
12,64310, 477
6,693
7,54969, 62924, 77244, 85744, 7057, 179
8671,1485,286
2, 50227, 72317, 896
6,513
1, 556
5, 9541,0521,307
3591,155
17, 4-69
7,474888
8,820
28751,7492,0624, 707
10,542
2486, 598
1, 694915
1,82411,3582,799
2,4482,880
3 374
56, 345
22, 71 53, 785
28,071
1, 774
2.720
Line
1
2
3
456
7
89
1011
12
13
141516
171819
20
21
22
242526
27
28
29
30313233
34
353637
38
394041
4243
444546474849
5051
5253
54555657
58
59
60
61
National income
Income originating in business,total .-_
Corporate business .,
Compensation of employees. .Wages and salariesSupplements to wages and
salaries
Corporate profits and inven-tory valuation adjustment *
Profits before tax _Profits tax liabilityProfits after tax
Inventory valuation adjust-ment
Net interest
Sole proprietorships and part-nerships
Compensation of employees. _Wages and salaries _ __Supplements to wages and
salaries _ .- ...
Proprietors' incomeBusiness and professional- ._
Income of unincorporatedenterprises
Inventory valuation ad-justment _ -
Farm
Net interest
Other private business
Compensation of employees. .Wages and salariesSupplements to wages and
salaries - ._
Proprietors' income — busi-ness and professional
Rental income of persons
Net interest
Government enterprisesCompensation of employ ees_.
Wages and salariesSupplements to wages and
salaries
Incomeoriginating in general gov-ernment -Compensation of employees
Wages and salariesSupplements to wages and
salariesIncome originating in households
and institutionsCompensation of employees. ._
Wages and salaries ._ _ . .Supplements to wages and
salaries _Net interest
Income originating in the rest ofthe worldWages and salariesCorporate profits after taxNet interest
Gross national productBusiness __ _ .
Income originating in business(line 2 above) _ . _
OtherIndirect business tax and non-
tax liability. _ - _ _ -Business transfer payments...
Corporate gifts to nonprofitinstitutions
Consumer bad debtsOther
Statistical discrepancyLess: Subsidies minus current
surplus of government en-terprises
Capital consumption allow-ances
General government (line 34above) _ -
Households and institutions (line38above)
Rest of the world (line 43 above)..
1956
350, 836
298, 320
195, 159
154, 645143, 765
10, 880
40,23342, 92621, 22721, 699
—2, 693
281
79, 020
34, 80633,588
1,218
43, 29031, 673
32, 175
-50211,617
924
20, 151
3,2993, 152
147
425
10, 913
5, 514
3,9903,9903, 817
173
36,41136, 41134, 203
2,208
14, 0939,3309,088
2424,763
2,01221
1,757234
419, 180366, 664
298, 32068, 344
35, 6921,616
418662536
-2, 428
948
34 412
36,411
14, 0932,012
1957
366, 943
310, 494
202, 920
162, 727150, 577
12, 150
39, 74441, 28320, 92220, 361
—1, 539
449
81, 091
35, 98234, 639
1,343
44, 00132, 221
32, 521
-30011, 780
1, 108
22, 277
3,5723,403
169
456
11, 891
6,358
4 2064,2063,975
231
38, 94938, 94936, 173
2,776
15, 25510, 0429, 760
2825, 213
2,24521
1 925299
442, 769386, 320
310, 49475 826
38, 1861,790
418720652
—601
992
37 443
38 949
15, 2552,245
1958
367,384
307, 003
195, 795
159, 456147, 371
12 085
35, 35635, 61118, 64616, 965
—255
983
82, 992
36, 35134, 983
1,368
45, 49531, 947
32, 003
—5613, 548
1,146
23, 573
3, 7583, 577
181
557
12, 208
7,050
4,6434,6434,359
284
41, 97541,97538, 867
3, 108
16,30710, 93810, 625
3135,369
2,09921
1, 799279
444, 546384, 165
307, 00377, 162
39, 3221,831
395728708
-1,461
1 135
38 605
41, 975
16, 3072,099
1959
400, 481
336, 635
220, 769
174, 508160, 377
14, 131
45, 39945, 86423, 18822,676
—465
862
86, 360
39, 27037, 614
1,656
45, 83634, 465
34,605
-14011, 371
1,254
24, 670
4,0203,796
224
639
11, 902
8, 109
4,8364,8364,526
310
44, 13944, 13940, 766
3,373
17,53911, 73411, 359
3755, 805
2,16821
1 793354
482, 704418, 858
336, 63582, 223
42, 6012,052
482816754
—2, 962
430
40 962
44 139
17, 5392,168
1960
415, 480
346, 552
227, 440
183, 068167, 505
15, 563
43, 74643, 55422, 43521, 119
192
626
88, 039
40, 98939, 071
1,918
45, 69233, 658
33, 677
-1912, 034
1,358
25, 842
4,2794,019
260
544
11,913
9, 106
5,2315,2314,870
361
47, 27547, 27543, 475
3,800
19,36612, 80212, 347
4556,564
2,28721
1 870396
503, 443434, 515
346, 55287, 963
46, 5382,092
482816794
-3, 396
521
43 250
47 275
19,3662,287
1961
427, 829
353, 891
230, 026
185, 757169, 727
16, 030
43,33843, 35422, 25121, 103
—16
931
90, 841
42, 09240, 078
2,014
47, 25234, 198
34, 165
3313, 054
1,497
27,465
4,4384, 165
273
.580
12, 259
10, 188
5, 5595, 5595, 155
404
50, 786
50, 78646, 654
4, 132
20, 43213, 52113,021
5006,911
2,72021
2 199500
518,725444, 787
353, 89190, 896
48, 1872, 132
482816834
-3, 086
1 676
45 339
50, 786
20, 432
2, 720
1 Excludes profits received from abroad. (See line 45.)
11Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Table 9.—Gross National Product by Legal Form of Organization,in Constant Dollars (1-13)
Table 10.—Farm and Nonfarm Business Gross Product., in Currentand Constant Dollars (1-15)
[Billions of 1954 dollars]
Business
Genera 1 government
Households and institutions
Rest of the world
1956
400.9
352.7
32.7
13.5
2.0
1957
408.6
359. 1
33.2
14.1
2.2
1958
401.3
351. 2
33.8
14.5
2.2
1959
428.6
377.4
33.8
15.1
2.3
1960
440.2
387.1
34.7
16.1
2.3
iyoi
.._ _ Business gross productFarm
392 8 Nonfarm _ _ . _
35.7
16 7 Business gross productFarm
'
1956 1957 1958 1959 1960 • 1%1
[Millions of current dollars]
366, 66419,313
347, 351
386,32019, 361
366, 959
384, 165
21, 349362, 816
418,85819, 970
398, 888
434,51520,914
413, 601
444,78721,378
423, 409
[Billions of 1954 dollars]
352.720.9
331.7
359.120.6
338.5
351.2
20.9330.3
377.420.8
356.6
387.121.8
365.3
392.822.1
370.7
Table 11.— National Income (1-11, 1-14)
[Billions of dollars, seasonally adjusted at annual rates"!
By Industry Division
AH industries, total i _ _ -Agriculture, forestry, and
"ManufacturingDurable goods industries. -Nondurable goods indus-
triesWholesale and retail trade.-Finance, insurance, and real
estateTransportationCommunications and public
utilities _ServicesGovernment and govern-
ment enterprisesOtherBy Corporate and Noncorpo-
rate Form 2
National incomeIncome originating in corpo-
rate business _ _. _ _Compensation of employ-
eesWages and salariesSupplements to wages
and salariesCorporate profits and in-
ventory v a l u a t i o nadjustment ^
E'rofits before taxFronts tax liabilityProfits after tax
Inventory v a l u a t i o nadjustment
Net interestIncome originating outside
corporate business
I
343.2
15 6108 064.9
43.157.0
31.716.6
12.336.1
39.226.6
343.2
191.9
150.6140.1
10 5
41 043.921.722 2
2 93
151.3
19
11
348.3
15 6108 265.0
43.358.0
32.116. 9
12.636.8
40.028.0
348.3
194.0
154. 0143.2
10 7
39 843.521.522.0
3 73
154.3
56
III
352.6
16 6
1C7 964.5
43 559.2
32 616.7
12 9
37 6
41 0
28 1
352. 6
195.0
155 0144.0
11 0
39 740.920. 320.6
1 23
157.6
IV
359.1
16 5112 969.2
43.858.6
33.117.1
12.838.4
41 528.2
359.1
199.8
159 0147.7
11 3
40 543.621.522.0
3 1g
159.3
I
364.0
15 8114 270.4
43.8
60.0
33.917.3
13.2
39.0
42.228.4
364.0
203.5
161 3149.5
11 9
41 744.222.321.9
2 44
160.5
19
II
367.1
16 1113 469.6
43.8
60.5
34.817.3
13 339.8
42 829. 1
367.1
203.8
163. 1151. 0
12 1
40 241.721.220.5
1 54
163.3
57
III
7). 6
16 9113 669.8
43 861.1
35 917.5
13 4
40 4
43 729.1
371.6
205.2
164 3152.0
12 3
40 441.721.220.5
1 3_
166.4
IV
365.1
16 7
108 765.7
43 059.7
36 6
16.8
13 6
40 7
43 928.4
365.1
199.2
162 2149. 8
12 3
36 637.519.118.5
9
5
165.9
I
357.4
18 8
100 459.2
41.258.9
36. 916.1
13.840.7
45. 126.7
357.4
189.3
157. 6145.6
12.0
30 831.016.314.7
29
168.0
19
II
360.2
18 399 857.9
41.960.2
37.3
16.0
14. 141.4
46. 127.0
360.2
190.3
156.8144.8
11.9
32 632.317.015.3
3
1 0
169.9
58
III
370.1
18 3104 760.8
43.961.6
37.516. 5
14.242.3
47.427.6
370.1
197.1
160.0148.0
12.1
36 136.319.017.3
1 0
173.1
IV
381.7
18.0110.365.4
44.963.9
38.517.2
14.643.2
47.928.3
381.7
206.4
163. 5151.1
12.4
41 942.822.320.6
g
1 0
175.3
I
391.7
17.4116.670.1
46.565.1
39.217.4
15.144.2
48.228.5
391.7
214.7
169.5155.9
13.7
44 445.122.822.3
— 8.8
177.0
19
II
405.6
16.7
124.676.4
48.2
67.0
40.018.0
15.445.6
48.829. 5
405.6
225.8
176.1161.9
14.2
48 950.225.225.0
— 1 3.9
179.8
59
III
400. 6
15.4119.670.4
49.3
66.6
40. 917.7
158
46.4
49.2
28.9
400.6
220.8
175.6161.3
14.3
44 344.822.622.1
— 5
.9
179.8
IV
403.9
15.8118. 969.9
49.067. 5
41.4
17.6
16 1
47.7
49.829.1
403.9
221.8
176.8162.4
14.4
44 043.322.021.3
.9
182.1
I
413.9
15.7125. 8
76.4
49.367. 8
42.0
18.0
16.4
48.4
50.829.0
413.9
230.1
182.8167.3
15.5
46 747.424.323.1
g
.6
183.8
19
II
417.2
17.8123.073.4
49.769. 0
42.3
18.2
16.6
48.9
51.829.5
417.2
229.3
184.4168.8
15.6
44 344.522.921.6
.6
187.9
60
III
416.6
17.5
121.071.5
49.5
68.1
42.7
18.0
16.9
49.5
53.329.6
416.6
227.2
183.8168.2
15.6
42 741.521.420.2
1 2.6
189.4
IV
414.4
18.1118. 169.1
49.067.2
43.2
17.5
17.049.8
54.029.4
414.4
223. 2
181.3165. 8
15.5
41 240.821.119.6
.6
191.2
I
411.8
18.2
113.865.5
48.467.4
43.817.1
17.050.2
54.829.3
411.8
219.2
180.5164.8
15.7
37 837.519.418.0
3
.9
192.6
19
II
424.3
18. 1120.770.6
50.169. 6
44.517.7
17.351.3
55.7
29.5
424.3
228.7
184.8168. 9
15.9
43 042.821.920.9
9
(
195. 6
61
III
431.3
18 6123 072.4
50.670.0
44. 818.2
17. 652.3
56.7
30. 0
431. 3
232. 1
187.2171.1
16 1
43 944.222. 62l! 6
— 3q
199.2
IV
444.0
19 1
129 377.3
52.071.4
45. 7
18.5
18.053.3
58.2
30.5
444.0
240.2
190. 5174.1
16.4
48 749. 025.123.9
— 3
1 0
; 203.8
1. Annual d ata by industry, T. 7, p. 11. 2. Annual data by legal form, T. 8, p. 11. 3. Excludes profits received from abroad. (See table 8, line 45.)
Table 12.—Gross National Product (1-4) 1
[Billions of dollars, unadjusted for seasonal variations]
Gross national productPersonal consumption ex-
pendituresDurable goodsNondurable goodsServices
Gross private domestic in-vestment
New construction .Residential nonfarmOther.
Producers' durable equip-ment
Change in business inven-tories
NonfarmFarm
Net exports of goods andservices
ExportsImports
Government purchases ofgoods and services
Federal _ _ . . . _National defenseOilierLess: Government sales
State and local
I
98.9
63.28 8
30.024.4
16.87.43.63.9
5.9
3.53.6
— . 1
.35.25.0
18.611.19.71 5.1
7.4
195
II
102.5
66.29 6
31.724.8
16.09.04.64.4
7.0
.0
2
.85.95.1
19.611.29.91 4.1
8.3
6
III
104.4
66.28 9
32.025.3
17.69.95.04.9
6.6
1. 11.2
— 1
.45.65.2
20.211.610.31 4.1
8.6
IV
113.4
74.411 237.825.4
16.99.24.54.7
7. 7
. 1
.1
.0
1.56.44.9
20.611.810.51 4.1
8.8
I
105.2
66.39.2
30.926.2
16.77.63.44.2
6.6
2.52.5.1
1.46.65.2
20.712.310.91 5.1
8.4
19
II
110.0
70.310.133.526.6
16.49.04.34.7
7.6
-.3-.5
.2
1.56.95.4
21.812.611.31 3. 1
9.2
57
III
110.9
70.79 7
34.027.0
17.510.04.85.2
6.9
.6
.32
.86.25.4
21.912.511.31 4.1
9.4
IV
116.7
77.811 339.327.2
15.59.44.54.9
7.4
-1.2-1.5
. 3
1.36.55.2
22.112.310.91 5.1
9.8
I
104.2
68.48 2
32.128.1
13.57.53.44.1
5.6
.4
.3
.45.55 0
21.812.611.01 7.1
9.2
19
II
108.4
71.89.0
34. 428.5
12.88.64.34.3
6.1
-1.9-2.1
.3
.45.85.4
23.313. 111.39 0
. 110.2
58
III
110.8
72.18.7
34.728.7
14.69.75.14.6
5.3
-.4
.2
.05.55.5
24.113. 511.32 3. 1
10. 6
IV
121.2
80.811.340.529.0
15.79.65.34.4
6.1
-.0-.2
2
.45.95.6
24.313.511.32 4.1
10.8
I
113.4
73.09.4
33.530.2
17.18.34.43.8
5. 7
3.23.1.0
-.25.35.4
23.413.311.52.0.1
10.1
19
II
121.1
77.211.235.630.4
19.610.25.94.4
7.0
2.42.3.0
-.35.76.0
2-:. 713.611.82.0. 1
11.0
59
III
119.1
77.310.435. 831.0
17.711.36.44.9
6.3
.1
.1
.0
-.55.86.2
24.613.411.32.2.1
11.2
IV
129.0
86.012.642.231.3
18.310.45.74.8
7.0
.9
.9
.0
.26.26.0
24.513.311.7
. 111.2
I
120.8
77.010.234.232.5
19.98.84.44.4
6.3
4.84.7.0
.46.25.8
23.513.011.31.8.1
10.6
19
II
125.9
81.911.537.532.9
18.310.45.64.8
7.6
.3
.1
.66.86.1
25.113.511.72.0
2n'.e
50
in
124.2
80.510.337.033.2
17.711.15.95.2
6.6
.0-. 1
.1
.36.46.1
25.613.511.32.4.1
12.1
IV
132.6
89.112.843.133.2
16.510.55.25.3
7.1
-1.1—1.2
.1
1.57.05. 5
25.413.211.41 9. 1
12 2
I
120.6
78.89.1
35.334.4
15.38.64.04,6
5.6
1.11.0.1
1.36.65.4
25.313.711.82.0. 1
11.6
19
II
128.1
83.010.937.534.5
17.110.55.55.1
6.6
.0— . 1
.1
1.16.85. 7
26.914.412. 52. 1
912! 5
61
III
128.9
83.010.237. 934. 9
18.411. 55.9
6.1
. S
.1
.36.56 2
27.114.212.02 4
. I12.9
IV
141.2
93.313 fi44. 535.2
18.511.0
5. 75.3
7.2
2o
.0
1.3| 7.4i 6 .1
28.1i 14. 7; 12. 7
918.' 4
I. Annual data, T. 1, p. 6.
12Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BUSINESS STATISTICSA HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for majorquarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and referencesto sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk(*) and a dagger (f) , respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthlySURVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonalvariation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are providedthrough the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1960and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS
1959 1960 | 1961
Annual total
1959
I II III IV
1960
I II III
Seasonally adjusted quarterly
IV
1961
I II III IV
1962
I
totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
National income, totalf bil. $
Compensation of employees, total do..
Wages and salaries, total d o _ _ _Private - doMilitary __ do __Government civilian do
Supplements to wages and salaries do
Proprietors' income, totalcf _. do__Business and professionalcf doFarm do
Rental income of persons _ _ _ d o _ _Corporate profits and inventory valuation adjust-
ment, total _. bil. $
Corporate profits before tax, total do _Corporate profits tax liability doCorporate profits after tax _ do _
Inventory valuation adjustment do
Net interest . do
Gross national product, totalf do__
Personal consumption expenditures, total.. do
Durable goods, total© doAutomobiles and parts doFurniture and household equipment. - -do
Nondurable goods, total © doClothing and shoes ... do _Food and alcoholic beverages doGasoline and oil __ do ._
Services, total © doHousehold operation _ _. doHousing doTransportation do
Gross private domestic in vestment, total do
New construction doResidential nonfarm, . do
Producers' durable equipment do..Change in business inventories _ do
Nonfarm__ _ _ _ _ do -
Net exports of goods and services doExports doImports do
Govt. purchases of goods and services, totaL.doFederal (less Government sales) do
National defense 9 _ doState and local. _ _ do -
By major type of product:*fFinal sales, total do
Goods output, total., doDurable goods . do...Nondurable goods do
Services doConstruction do
Inventorv change, total doDurable goods _ „ doNondurable goods _ do
r Revised. f Revised series. Estimates of natiincome have been revised back to 1959; revisions prioron p. 13 of tiiis issue of the SURVEY. cf Includes in
' 400. 5
278.5
258.5213.1
9.935.4
20.1
46.535.111.411.9
47.2
47.723.224.5-.5
16.4
' 482. 7
313.5
43.618.118.9
147.127.577.711.1
122.818.139.610.0
72.7
40.222.325.96.66.5
-.822.923.6
97.253.646.243.6
r 476. 1244.091.5
152.5175.856.3
'6.63 5
' 415. 5
293.7
271.3222.9
9.938.5
22.4
46.234.212.011.9
45.6
45.422.423.0
2
18.1
r 503. 4
328.5
44.818.819.1
151.828.179.511.7
131.919.641.810.7
72.4
40.721.127.64.13.7
2.926.423.5
99.753.245.746.5
' 499. 4254.195.0
159.2188.656.7
"•4.19. 3
3.1 ' 1.8
onal income andto May 1961 for i
ventory valuatior
r 427. 8
302.2
278.8227.010.241.6
23.4
47.834.813.112.3
45.5
45.622.323.3
.0
20.0
' 518. 7
338.1
43.717.219.3
155.228.681.111.9
139.120.643.911.1
69.3
41.621.025.52.11.9
4.027.323.3
107.457.049.050.4
* 516.6257.294.0
163.3200.758.6r2. 1
.02.1
product>ersonal ii adjustn
r 391. 7
270.9
251.6206.9
9.934.8
19.4
46.834.512.411.8
46.1
46.922.82*1-.8
16.0
' 472. 0
305. 7
42.017.718.0
144. 726.577.210.8
119.017.539.09.4
69.8
39.021.924.36.46.2
g21.822.6
97.253.846.043.5
f 465. 5239.088.8
150.2170.456. 2
r 6 . 45.11.4
and perncome a]lent.
r 405. 6
279.8
259.7214.6
9.935.3
20.0
47.235.511.711.9
50.5
51.925.226.6
-1.3
16.2
' 487. 8
313.0
44.419.018.9
147.027.877.811.1
121.517.939.49.7
79.0
41.123.526.411.511.5
-1.722.123. 8
97.553.946.543.6
r 476. 3244.392.4
152.0173.958.1
r 11. 58.13.5
sonaljpear©In-
' 400. 6
280.2
259.9214.4
9.935.7
20.3
46.035.410.611.9
46.1
46.522.623.9-.5
16.4
' 482. 7
316.7
44.918.919.2
147.727.777.411.3
124.018.239.910.2
'68.8
41.022.626.61.11.1
523.824.3
97.854.046.443.8
r 481. 5247.093.1
153. 9177.656.9
'1.1-2.0
3.1
eludes ddata bac
r 403. 9
283.0
262. 5216.5
9.836.1
20.6
45.935.110.811.9
46.0
45.322.023.3
.7
17.0
' 488. 5
318.8
43.116.919.3
148.927.878.311.3
126.818.840.310.5
73.2
39.621.326.47.17.0
.023.823.9
96.552.846.143.7
r 481. 4245.791.9
153.8181. 354.4
'7.12.64.5
ata not sk to 194'
r 413. 9
290.6
268.5221.6
9.837.1
22.0
45.234.510.711.9
48.6
49.224.324.9-.6
17.6
' 501. 7
323. 9
45.119.019.3
150.028.178.511.5
128.919.240.910.6
79.1
40.921.527.410.810.6
1.425.323.9
97.252.545.444.7
"•490.8251.394.0
157.3183.855.8
••10.88.62.2
10 wn sopr, see p. I
r 417. 2
294.6
272.2224.4
9.838.0
22.3
46.934.512.411.9
46.2
46.422 923^5-.2
17.7
' 504. 8
329.9
45.819.519.2
152.628.379.911.6
131.519.641.710.6
73.5
40.721.228.44.44.1
2.426.524.2
99.053.145.845.9
r 500. 4256. 296.9
159.3187.756.4
'4 .42.81.6
arately.5 of this
r 416. 6
295.8
273.3224.2
9.939.1
22.5
46.334.112. 211.9
44.4
43.321.421.91.2
18.2
' 503. 7
329.8
44.518.319.1
152.528.479.511.7
132.819.742.210.6
70.3
40.521.027.72.11.7
2.826.523.6
100.853.645.747.2
' 501. 5254. 994.8
160. 1189.956.8
'2.11.01.1
9Go\issue of
r 414. 4
293.9
271.3221.610.039.7
22.6
46.533.812.712.0
43.3
42.821.121.7
.5
18.8
' 503. 3
330.5
44.018.318.7
152.327.880.211.9
134.220.042.610.7
66.5
40.720.526.8
-1.1-1.5
4.927.222.3
101.453.645.847.8
' 504. 4254. 194.2
160.0193.1
57. 2
' -1.1-3.3
2.2
eminentJie SUR\
'411.8
294.1
271.2220.810.040.4
22.9
46.533.712.812.0
40.1
39.819.420.3
.3
19.1
' 500. 8
330.5
40.815.418.4
153.528.180.311.9
136.220.243.110.9
60.1
39.319.024.4
-3.6-3.9
5.327.422. 2
104.855.447.749.4
' 504. 4251.6
90.2161.4195.956.8
' -3. 6-5.5
1.9
sales areEY.
' 424. 3
300.2
276.9225.810.041.2
23.2
47.234.512.712.2
45.0
44.821.922.9
19.8
' 513. 1
335.5
43.516.919.2
153.928.080.611.7
138.020.643.610.9
67.6
41.020.124.62.11.8
4.026.422.4
106.056.649.049.4
' 511. 0254.492.6
161.8199. 057.5
'2. 1-1.3
3.4
not dedi
' 431. 3
304.5
281.0228.810.042.2
23.5
48.135.113.112.3
46.0
46.322.623.7
0
20.3
' 522. 3
340.1
44.016.919.7
156. 229.081.511.9
139.920.744.111.1
72.4
42.621.925.84.03.8
2.826.924.1
106.956.548.450.4
' 518. 3257. 894.3
163. 5201.359.2
'4.03.4
.6
icted.
5
' 444. 0
309.9
286. 1232. 510.842.8
23.8
49.536.013.612.5
51.1
51.425.126.3-.3
21.0
' 538. 6
346.1
46.619.419.8
157. 229.282.112.1
142.321.044.811.4
76.6
43.222.827.46.05.9
3.828.324.5
112.159. 550.852.6
' 532. 6265. 098.8
166. 3206. 661.0
'6.03.52.5
*For qu
5-1
' 448. 9
315.2
289.9235.011.243.7
25.2
49.136.212.912.6
50.4
50.124.425.6
.3
21.5
' 545. 0
350.2
46.319.119.7
159.929.883.712.1
144.121.345.211.5
75.9
41.621.227.66.76.6
3.728.224.5
115.261.953.053.3
' 538. 3268. 299.9
168.4211.1
59. 0
'6.73.53.1
arterly
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
S-2 SURVEY OF CURRENT BUSINESS July 19G2
Unless otherwise stated, statistics through 1960and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS
1359 1 1960 I 1961
Annual total
1959
III IV
1960
I 11 III IV
1961
I II III IV
1962
I II III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.f
Quarterly Data Seasonally Adjusted at Annual RatesGNP in constant (1954) dollars
Gross national product total''' bil. $
Personal consumption expenditures, total do
Durable goods doNondurable goods do _ _Services do
Gross private domestic investment, total do
New construction doProducers' durable equipment doChange in business inventories do
Net exports of goods and services do _.
Government purchases of goods and services, totalbil. $-
Federal doState and local _ _ d o _ -
DISPOSITION OF PERSONAL INCOMEfQuarterly Data Seasonally Adjusted at Annual RatesPersonal income, total _ _ bil. $Less: Personal tax and nontax payments do_ _ _Equals' Disposable personal income do
Personal saving § _ _ _ _ _ _ _ d oNEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:All industries bil $
Manufacturing doDurable goods industries do ___Nondurable goods industries do
Mining doRailroads _ doTransportation other than rail doPublic utilities doCommercial and other do
S<eas. adj. qtrly. totals at annual rates:All industries do
Manufacturing do
Nondurable goods industries do
Mining doRailroads do
Public utilities do
BUSINESS POPULATIONFirms in operation, end of quarter (seasonally ad-
U.S. BALANCE OF INTERNATIONALPAYMENTS!
Quarterly Data are Seasonally AdjustedU.S. payments, recorded _ _ __mil. $__
Imports:Merchandise doMilitary expenditures-. - doOther services _ do
Remittances and pensions doGovt. grants and capital outflows do _ _
U.S. private capital doDirect investments _ _ doLong-term portfolio doShort-term __ __ do
U.S. receipts, recorded do _ _
Exports:Merchandise doServices and military sales __ _ do _ _
Repayments on U.S. Govt. loans __ -doForeign capital other than liquid funds do
Excess of recorded receipts or payments (— ) _ _ _ d o
Unrecorded transactions do
Total net receipts (~|~) or payments ( — ) do
Major special transactions do
Total, excluding special transactions do
' 428. 6
288.9
41.0138.7109.2
61.7
34.421.45.9
— 9 1
80.143.936.2
' 383. 9'46.8
r 337. 1
' 23. 6
8.14
3.021.441.57
. 25
.23
.511.422.72
3 4, 583
29, 548
15,3103, 1074, 925
7913, 040
2,3751, 372
926
25, 393
16, 2827, 1941,054
863
-4, 155
412
—3 743
335
-4, 078
' 440. 2
298.3
42.2141.4114.7
60.7
34.322 73.7
1.5
79.842.337.4
r 400. 8'51.4
r 349. 4
'20.9
8.92
3.621.801.82
.25
.26
.481.422.89
3 4, 658
31,317
14, 7233,0485, 417
8423,405
3,8821, 694
8501,338
27, 984
19, 4597, 554
636335
-3, 333
—592
—3 925
-524
-3,401
r 447. 9
304.3
41.6143. 3119.4
57.8
34.821.12.0
1.8
84.044.539.4
'416.4r 52. 8
' 363. 6r 25. 6
8.59
3.421.571.85
.24
. 17
.461.382.92
3 4, 713
31, 805
14,5142,9475, 462
8784,051
3, 9531,4751,0061, 472
29, 946
19, 9158, 1511, 274
606
-1,859
—602
—2 461
129
-2, 590
' 427. 6
291.0
42.0139.3109.8
58.0
34.921.81.3
-2.0
80.644.336.3
r 385. 5' 46. 8' 338. 8
'22.1
8.32
3.021.441.58
.26
.28
.541.482.74
33.35
12.255.836.42
1.011.282 175.58
11.06
4, 655
7,570
3, 976776
1, 259218779
502322246-6
6, 484
4, 2971, 80S
150220
-1,086
37
— 1 123
-1,123
' 431. 1
291.9
40.8139. 8111.3
62. 0
33.621.86.6
-1.1
78.342.435.9
' 390. 2' 48. 3
' 341.9
'23.1
8.99
3.571.741.83
27.22.55
1.512.87
33.58
12.876.166.71
1.04.85
2 155.48
11.19
4,670
7, 541
3, 862754
1,300196741
688364202122
6,715
4,1951, 901
4301S9
-826
230
596
285
-881
' 440. 9
295. 6
42.4140.6112.6
66.7
34.622. 69.6
2
78.442.036.4
' 395. 4'51.4
' 344. 0
'20.1
7.89
3.091.551.54
.22
.25
.471.182.69
35.15
14.107.156.95
1.001.002 005. 75
11.35
4,690
7, 549
3, 801771
1, 34720470S
65832423698
6, 865
4, 6571,827
170211
-084
18
— 702
' 442. 3
299. 7
43.0142.3114. 5
61.5
34.223.34.0
1.0
80.042.937.1
'401.4r 51.9
' 349. 6
'19.7
9.28
3.761.881.88
.27
.29
.551.422.99
36.30
14.707.407.30
1.051.102 155.70
11.60
4,710
7,690
3. 836758
1, 375205833
683271209203
7,055
4, 8761. 909
147123
-035
— 117
SO
' 439. 7
299. 1
41.8141.9115. 4
58.6
34.022. 71.9
1.5
80.542.737.8
' 403. 1'51.4
' 351. 7
' 22. 0
8.98
3.621.801.81
.25
.24
.471.502.90
35.90
14.657.357.30
1.001.001 905.60
11.75
4 720
8,000
3, 664797
1,368211826
1,134415170549
7,002
4,9401,843
17247
—998
194
1 192
-1,1<>2
' 437. 7
298. 8
41.8140.7116.3
55.8
34.322.2-.7
3.3
79.941.838.1
' 403. 7' 50. 9
' 352. 7
'22.2
9.53
4.011.952.06
.24
.25
.461.582.99
35.50
14.406.857.55
.901.001 805. 70
11.65
4,730
8,078
3,422722
1, 327222978
1,407684235488
7, 062
4,9861, 975
147-46
-1,016
263
1 279
—444
v\ f.
' 433. 9
298.2
39.0141.5117.7
50.0
33.020.1
-3.0
3.5
82.242.939.2
' 405. 4'51.0
' 354. 3
' 23. 8
7.57
3.001.411.59
.21
.17
.411.092.69
33.85
13 756.507 25
.95
.701 755 35
11.30
4,740
7,690
3.369770
1, 309221962
1,059457120482
7, 400
5,0612,008
133198
-290
29
—319
-319
' 443. 9
302. 5
41.3142.3118.8
56.5
34.320.22.0
1.7
83.344.438.9
' 413. 5' 52. 5
'361.0
' 25. 5
8.61
3.461.581.88
.26
.18
.481.392.85
33.50
13.506.207.30
1.00.70
1 805. 50
11.05
4, 750
7,411
3,417756
1,337221804
876269218389
7,953
4,7682, 060
851274
542
— 366
176
724
-C4S
' 450. 4
306.0
41.7144.4120.0
60.4
35.621 33 5
7
83.344 139.2
'419 4' 53. 0
'366 3
'26 3
8.65
3.341.501.84
.25
.16
.471.502.94
34. 70
13.656. 107.55
1.00.65
1 905.65
11. 85
4,760
8,082
3,840699
1,388216
1,094
845429194222
6,979
4,9401, 951
817
-1, 103
193
—910
-S35
' 463. 4
310.6
44.4144.9121 4
64.1
36.199 7
5.4
1.4
87.246.740.5
' 427. 3' 54. 6
' 372. 6
'26.5
9.54
3.881.792.09
.26
.16
.501.543.20
35.40
14 006.407 60
1 00.60
1 955 55
12.35
4, 770
8, 622
3,888722
1, 428220
1,191
1, 173320474379
7,614
5, 1462,132
209127
-1,008
4QO
— 1 408
—520
-8SS
' 467. 4
313.9
44.1147. 0122 8
63 3
34 62'? 85 9
1 3
88.948 340.6
' 432 0' 56. 4
' 375 6
' 25.4
8.02
3.141.441.69
.26
.16
.471.062.94
35. 70
14 206 557 60
1 15.70
2 055 15
12 45
4, 780
8,389
3, 914755
1, 376218
1,075
1, 051331345375
7,696
5 0682, 183
1654 2*0
-693
—476
-476
i 9.48
3.761.791.97
.27
.26
.551.343.30
i 36. 95
14 707.057 65
1 05.95
2 105 35
12.85
2 9 45
3 661. 751 91
.27
.2044
1.523 36
237 70
14 807 107 70
1 0585
1 805 70
13 50
ipit il exppit J < . \p
r R L \ i ed "Pichmindn.1 1 t i m i U s f ) f \pr /unc 1%2 1) se 1 on n i t , ip it( d c i2 f stri itt lor Tuh-Sept i ' o2 b i su l e n uit .cip t( d c
A n t i c i i i U d e\pui 1 tun f )i Hi M a lcuJ to o i , i ^ \ s (rranui <.Un ins", tof i l , 1174, dm ibk < oous i n d u c t its 701,7.70, mn i <_., 1 06, i iilio uls 84, tt mspoit it on, 1 88, puLl cothei, 13 12
s Ln ulmsted Ddti it present firms in opi.rit.on is of J in 1, estun
nd I U K of '»us n ^s\h n 'u ti t > , 7 l f > ,
i t )k u i •> in i i ^,5 51, c n A i LA in d aud
f r r ! - > •
(based on incompk to d it • ) is 4,752,'KH). * Includes changes in nouliquicl Govt. liabilities.T M'e c < u r C M ondm« note on p. S-l (ICU-IOLS prior to 3d qtr. 1959 appear on pp. 8 I f . of
this i^ut ot t ' "> M i!\ M j§ IV: onal bdwns i- excess of disposable income over personal consumption expenditures
shov. n as a conn, /in lit of oross national product on p. S-l.I I \e\ '^d eikvtue wich the Juiii1 19 >2 Si U V E Y ; revisions prior to 3d qtr. 1959 will be
a\dildbk lattr.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis