GROSS NATIONAL PRODUCT. NATIONAL - FRASER · GROSS NATIONAL PRODUCT. NATIONAL [Millions of dollars] Line] o 3 4 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 TABLE 1.— GROSS NATIONAL

GROSS NATIONAL PRODUCT. NATIONAL[Millions of dollars]

Line

]

o

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 _ _ ..


Durable goodsNondurable goodsServices

Gross private domestic investment

New constructionResidential nonfarm _Other

Producers' durable equipmentChange in business inventories

"NTonfarmFarm _ _ _


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 _ _ _ _


Durable goodsNondurable goodsServices

Gross private domestic investment

New constructionResidential nonfarm _ _ _ _Other

Producers' durable equipmentChange in business inventories _ _


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


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


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


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]


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 *


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


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[


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)


Table 8.—National Income and Gross National Product by LegalForm of Organization (1-12)


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.)


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)


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


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.


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


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

Documents

GROSS NATIONAL PRODUCT. NATIONAL - FRASER · GROSS NATIONAL PRODUCT. NATIONAL [Millions of dollars] Line] o 3 4 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 TABLE 1.— GROSS NATIONAL